hey everyone this is stefan from
projectlifemastery.com
got Brad Hart here who's been in the
crypto space since 2009 he is a founder
of make more marbles and he used to run
a hedge fund and he's been in Forbes
three times he's got a lot of really
incredible investing skills and
knowledge that he's going to share with
you guys today as well as Jake and Brian
folks who are the founders of the
elevation group they're successful
investors in multiple asset classes
including real estate private lending
they've run a private investment fund
real estate investing firm and they
focus on teaching people collectively as
a group helping people create more
financial wealth and abundance and the
reason why you know I'm bringing you
know Brad and Jake and Brian here is
because for myself I've been looking to
go a lot deeper in the crypto space and
finding the right people that I'm the
most aligned with that that that I can
learn from and it actually created a
really amazing course that I personally
been going through benefiting a lot from
and we'll talk about that a little bit
later on in this interview but I'm
really excited for them to be here
because there's a lot of questions that
I have and I know many of you guys have
as well just on how you can take
advantage of Bitcoin in the
cryptocurrency space so I want to thank
you guys for being here and I'd love to
just get kick things off just by having
you guys share a little bit about
yourselves and your background and how
you guys got into crypto thank you so
much for having us stuff I really
appreciate it and everybody out there in
your time and attention and we hope to
give you a lot of the goods but let's
start with the stories guys why don't
Brian and Jake take it away and then
I'll kind of fill in the gaps you
already kind of gave some of the bullet
points on my story but yeah let's get
right into it yeah thanks thanks Brad
thanks Evan and everyone great to meet
all you and so at the elevation group
Jake and I are mission our passion is to
bring successful strategies from those
who are doing it to our communities we
can all learn and go together and
obviously crypto is going crazy so that
was a natural strategy that we want to
learn
as well and so we asked our audience hey
guess what he is gonna learn about
listen crypto but we want to learn how
to get started there's all this noise
out there about oh go buy this all claim
going get into this ICO and lose your
ass and what's gonna happen and so our
people actually said no we just want to
know how to get started what what's
going on here how do we know what this
is how do we know protect ourselves and
do this safely so we sort of asking our
network who should we learn from who she
would be talking to and Bret Hart's name
came up once and said okay cool let's
keep asking them we don't know Bret so
kept asking and his name came up again
like okay great you know we get the
signs here and fast forward a couple of
months Jake and I were going to this
call it entrepreneurial camp and was in
Connecticut and so I flew there you're
thinking I flew there and we're on this
bus ride on two hours out a little of
nowhere and this camp with the Maverick
group from your children and I got into
the bus I didn't know anybody on it and
Misty half-hour others ride I turn on
ahead and introduce myself the people
were on the bus right and said hey who
are you I'm riding fast was on Bret Hart
Bryan Herta sit right behind me and so
long story short we hooked up hit it off
and the three of us are comic crypto
Brad gave a speech actually at the event
in impromptu actually it was not not
even planned to the whole maverick
community that everything's about a
hundred and twenty plus
multimillionaires about cryptocurrency
and shaking are like and this is like
the heavens are telling us what you know
we should be talking patients to him and
so we got together and said look how can
we make a massive impact out there how
do I really help people in this space
and it came to became to me that we want
to create a course and what we want to
do one that was a little bit different
one that actually provided true valued
people and helped protect them and got
them started with the right foundation
and knowledge is what we're really
passionate about here at the elevation
group and working with the right people
and bring the experts to the community
so we can actually all learn together
and actually have access to them and so
that's that's how if the course gonna be
that's how we actually got into crypto
is because we wanted to learn it so we
could actually pass on our information
and knowledge to our members and
followers
so awesome and just kind of add on to
what they said they knocked it out of
the park already but what we found in
all the people that we've talked to
there's so much news and media out there
about cryptocurrency and everybody wants
to participate but it's in between
eighty to ninety percent of the people
that are getting into this haven't
invested in anything else before so the
worst place you jump in is with both
feet is a very volatile asset class but
not a lot of learning not a lot of
information out there so that's what we
want to bring to people and Stephane
just one point that they made that I
want to really hit home the Brian said
the reason that we're here together is
because Brian and Brad had a small
conversation on a bus and they decided
to say hey what's up who are you
introduce themselves and that's what put
us here you know a year in the making so
I like that story because that's what
put us here so if you're ever out there
with anybody and you're saying no I
don't want to get out of my shell and my
comfort zone and talk to anybody do it
because you don't know what could happen
or work and lead to one year five years
or ten years down the road so go ahead
and do it and you never know what will
happen yeah it's been an incredible
journey so far just to piggyback onto
some of that I mean my journey started
in 2009 I was making apps in 2008 and we
had a few that did pretty well and
ultimately somebody came to me and said
hey why don't we do a Bitcoin trading
app in this 2009 I'd never heard of
Bitcoin like what the heck is Bitcoin
how did I just take in the $5,000 I put
into that app which went nowhere by the
way and put him into five cent bitcoins
at the time there'll be a hundred
thousand bitcoins worth over a billion
dollars I mean that's you know not small
amounts of money so I saw the potential
in space early and in addition to that
of I come from a long line of people
invested in like still you know standard
old Bell Bell Telephone things that over
the years really became multiple
companies and splits and just grew and
mushroomed over time and I saw the
potential of being involved in a nascent
space and just allowing that those gains
to compound over time so cryptocurrency
fascinated me I still managed to get in
under a hundred bucks on Bitcoin I lost
some I made some
I've been in if you're him since eight
to $11
mr. buying litecoin in the early 20s
you know ripple is in like 10 15 20
cents whatever it was and it's done very
well obviously you know some of those
gains have been staggering depending on
you know says interview it's been as
high as like 170 X 200 next to the money
so not small and you know in any market
you'd be happy to get that and I think
that's why people are so excited but if
people haven't mastered bottle rockets
and snap poppers you know you don't want
to be handing them dynamite either so we
want to give people the really core risk
management strategies that I think I
understand certainly and Brian and Jake
understand is investment fund managers
but most people just don't like like
Jake mentions 8 to 9 out of 10 people
who are investing encrypt or never
investing anything before and that's
great but we want to catch those people
and make sure they have a solid
grounding in financial education
aside from crypto and don't just look at
us like a lottery ticket because they're
gonna get burned more often than they're
not you know there's 1500 icos out there
and most of our own 0 so understanding
that piece and just you know basics of
how to trade how to invest so that you
can have a better time encrypt overall
we're seeing incredible results from
people just having that little bit of
knowledge in the first few weeks of our
course and making much better decisions
which leave them leave themselves to
much better outcomes over time it's not
about planning one tree it's about
planning an orchard that thrives over
time awesome yeah you know one of the
reasons why I want to bring you guys on
is because you know you guys you know
we're I think we're all aligned with our
investment mindset and strategy and
while crypto is a huge trend right now
you know 2017 was huge for it I think
too what 2018 and the futures are gonna
be even bigger for it as well but you
guys look at the whole investment
approach you know you look at crypto is
just one asset class you understand the
risk the volatility of that but you guys
take a step back and actually help
people understanding how to actually
manage their money and how to invest it
properly not just with crypto but many
other spaces too and I think as you guys
say that crypto is just one piece of
that and I think a lot of people part
maybe part of the good of crypto is it's
helping people get into becoming
investors and not just consumers but
actually owning something that has the
potential go up but you guys kind of
come in and help them
with with making them realize like you
don't want to put all your money into
this you got to have cash reserve
savings there's other more conservatives
safer investments you should have as
well and then crypto is a part of that
too so I'm glad we're on the same page
with that and I also want to mention too
is that I always look for people that
that are heart centered and that truly
want to make a difference and from you
guys from our discussions and and from
going through your course and your
training you know I can tell that you
guys really want to serve and make a
difference in people's lives too so
that's one other piece I appreciate what
you guys - yeah we got it connected
through the Tony Robbins community so
that's that's very near and dear to my
heart that growth and contribution and
and really like if not us who write if
you look at any news article any of
these like they follow you around Wall
Street Journal New York Times you know
buy Bitcoin everything's gonna be okay
no all right let's think the worst thing
you can possibly do is just dump all
your money into some random thing and
hope for the best you need a strategy
you need some sound principles you need
some rules and you can follow
consistently so that the the potential
for upside outweighs the potential
downside over time it's not about
getting it right every single time
that's impossible but it's about getting
it right more than you get it wrong and
keep your winners running and you know
how do you manage winners and how you
manage losers and getting out early so
that you keep your losses minimal and if
the average person could just do that
they'd be well ahead of the general
population that we do so much better
over the course their lives and these
little compounding gains of not losing
or you know winning when you should have
lost if you weren't following a strategy
they compound this is millions of
dollars it add up you know little things
like understanding fees and structures
of investments little things like
understanding how the markets work in
general can apply for your entire life
and people are so I think caught up in
the hype of oh I got to just find the
ico that's gonna make it work but you
can even you can have a lot of money and
still be poor you can get lucky and
still go broke you know I want people to
actually have the skills to sustainable
well to create sustainable wealth and
also one thing I've noticed too is that
a lot of people will make they hear this
all this hype out there someone posts on
Facebook hey I just I just did X Y & Z
and made lotsa money to do the same
thing and Lord knows what that person
really did I mean we've seen people lose
money by listening to people on Facebook
posts like don't do that
and the other thing is that when people
get into this thing it's such a new
space they try to relate it to something
else they've done they're trying to
relate it to the stock market real
estate housing markets the tech market
it doesn't relate it's completely new it
is we've never seen this before
we don't know what's going to happen and
so there's a lot of noise and hype out
there and when you do get into that it's
so easy to get overwhelmed and just like
oh my gosh what is going on and guess
what you step back you quit or you do
something make decision you should make
you know and potentially you missed the
book as well and so really what we're
trying to do is really help people get
grounded get started with the right
foundation of knowledge and actually
access to the right people because if
you listen to the ways out there you're
gonna get overwhelmed and you're gonna
get deaf yeah and here you listen to any
idiot can make a youtube video that
doesn't mean that they're sophisticated
doesn't mean you're listening to them
and I'm not beating anybody up there's a
lot of great information out there but
by the time you find it right you've
already made so many mistakes you
already cost yourself so much money in
time and you can't get back at the time
you can always make more money but you
can't get back to time so we want to
just make it really simple for people
where they don't have to spend a
bajillion dollars but they can get that
really solid education so like we do
everything we possibly can to make that
you know just it's just so cut and dry
so Stefan I would just love to know what
is your audience most concerned about
how can we best serve them today
ya know that's a great question I think
a lot of my audience is is fairly new to
the cryptocurrency space you know and
obviously like you said it's been a huge
trend there's a lot of hype about it and
you know even for myself I've a part of
different masterminds and entrepreneurs
and so I'm always reaching out to other
people people that I trust people that
are credible to find out you know what
are their thoughts what's where do they
see is the potential of it and if this
is gonna be a new asset class in the
future and just lakhtin technology and
what not how can we best take advantage
of that so a lot of my audience you know
they're people that are hungry to
improve their lives and Finance has a
piece of that and you know I've shared
with them before my mindset my approach
my philosophy on it but I wanted to
bring on other people as well just to
get that
for an approach and people they have a
different level of expertise in myself
so I'd actually love to hear from you
guys what do you guys see as the
potential of this you know right now you
know 2017 I had a huge surge right now
it's kind of corrected a little bit and
obviously there's tons of different
opinions out there that you'll find
you'll find people that are equally
qualified you know multi-billionaires
saying that it's a bubble that it's you
know not gonna last and you have someone
else out there is also a
multi-billionaire also saying that you
know it's gonna be the future and it's
gonna be you know it's gonna change your
lives for the better so I think a lot of
people they have confusion you know who
do I listen to who do I trust this
person saying this that person is saying
that and I'd love to hear what your
guys's thoughts on it of course nobody
knows for sure but I'd love to hear your
opinions and thoughts on it nonetheless
that's a good one because there's a lot
of people out there you know Brad's got
a good answer to this question and I
haven't won that I've when I've got into
this I saw not some trends but some
similarities between like say the
internet or attacked so if you look back
in history it on the internet everybody
says oh in 1996 I wish I'd gotten in
then the internet started in the 70s
actually I mean you can even say the
sixties early in the 70s turn way before
that that's what it really became an
idea but it became popular later on then
of course in the 2000s and here the
people that got in early on that on that
investment of asset class they did very
very well but it was crazy in the
beginning people don't realize how crazy
it was there was not as it wasn't as
easy to access information or share
information back they either so people
didn't realize how nuts it was fast
forward to like tech or the internet and
same thing happened it really started
early but it wasn't really a thing would
be able to saw until 2000 and the bevels
and everything happened and that also
the internet was like this big deal and
it became mainstream take our cellphones
for an example we take these from
granted but it wasn't that long ago that
you didn't have cell phones and the
speed at which the technology on these
things is accelerating is almost
incomprehensible and so the way that I
look at this when I started to study
this stuff is I see crypto as the
progression of all of this stuff it's
like that next way
and we probably can't comprehend today
where it will be in ten years we
probably can't even fathom it and it's
moving so fast it's moving faster than
anything we've seen in the past as well
so it's gonna move faster than Internet
it'll move faster than you know this
can't technology move faster than the
other the bubbles which are the tech
stuff and so it's singing it where's it
going it's almost hard to comprehend but
I'm it's gonna be a market disrupter in
my opinion it's gonna be massive and we
have an opportunity to get in now early
on because it's easy its accessible when
other things like the internet and all
that was not as accessible it's
successful now but keep in mind it's
still very very very early and because
of that it is very very volatile and so
everybody wants to get in the beginning
but they don't realize it it doesn't
matter if it's the internet over today
with crypto the beginning is always very
volatile and you just don't know where
it's gonna go so that's just sort of
assumed I can't take on it so I Brad I
know you have a different different
formation - yeah I would just add to
that that's a great point and you know
just how early it is how small it is -
when you compare like the size of these
markets the crypto market itself is you
know we take all the coins times the
value and the dollars of all those coins
so the market cap the market cap of
Apple is still 40% larger than all of
the crypto is put together right that's
one company on one exchange in one
country so the size of this is still
relatively small in the in the ocean of
money it's still but a thimble the
entire world's money markets you know
I'm one two three and four about 85 to
100 trillion dollars when you add in the
debt and derivatives and stock markets
it's you know quadrillions of dollars so
you know if cryptocurrency became one
percent of all money at one time in the
future I mean there's still a ton upside
from here just as a function of you know
the size of those markets but that even
being said like crypto is exciting and
interesting people seeing people making
all this money and that's great but
that's just the beginning of what
blockchain enables people to do and the
blockchain technology that under rides
cryptocurrency
you know if Bitcoin was the Model T and
all these crypto currencies are all
these cars that run
this row this blockchain the blockchain
is gonna change a lot of industries
anything where there's middlemen
anything where there's friction anything
was a trusted third party anything where
you know speed is of the essence and
people need to be able a network in real
time without anybody slowing up the
works for bottlenecking
blockchain has an opportunity to disrupt
anything we're tracking in a public way
with complete dissolution of trusts and
information is now free so think about
this way like nature for example doesn't
have a ledger right there's no record of
how much nature is is giving or
receiving in relation to the human
organism ritual or human society but if
it did have the ledger it would be in
the red
right we're taking a lot out of nature
we're putting a lot of tax on nature
right now in the way that we operate you
know if we were to look at you know real
estate transactions there's a lot of
people in between the buyer and seller
Realtors bankers lawyers title companies
insurance that don't need to necessarily
be there in a blockchain enabled system
that allows for smart contracts than a
force themselves identity theft is a
massive issue that could be replaced by
blockchain where we all have these two
factor authentication
you know signing devices that allow us
to interact with blockchain a public
record and if there was an error or a
fraudulent transaction you could
theoretically roll it back to where it
wasn't fraudulent and these are things
that blockchain may one day make
possible what if theft and fraud weren't
the thing of the past there's no
possible way to steal or to defer on
somebody because it's all in the
blockchain and from a law enforcement
perspective everything that somebody did
that would be potentially illegal is
also on the blockchain and thereby can
be triangulated to that bad actor in the
future there's just so many pieces that
a blockchain enabled society might be
able to overcome some of the ills of
society and I've just talked about a few
industries I mean there's healthcare
there's any number of others that could
be potentially done by this and it just
has to be a better solution that serves
more people and then the adoption will
start and you're seeing a lot of these
icos start to fix the problem but just
like any startup culture it's going to
take time and refinement and a lot of
failures before people get there and you
know I think
standing that nei CEO is a start-up but
you multiply it by the fact that there's
no you know baseline right for
blockchain there's no track record of
success there is no Facebook there is no
Google there is no apple of this space
yet it's still so early we rolling nine
years in it might be another ten or
fifteen or twenty years before you start
to see some of those big players emerge
we haven't seen anything as far as a
bubble yet like people are you know
saying oh my god it crash and fifty
percent down yeah that's gonna happen a
lot because the very unsophisticated
market with mostly unsophisticated
players with small dollar amounts we're
not talking about big institutional
money and investment banks getting in
this space yet like there was in the
other bubbles we haven't even seen those
people get in we're seeing months long
waiting lists at some of these exchanges
they have to create entirely new
infrastructure just to operate in the
space so we haven't even seen the
beginning of what could be possible as
far as a bubble so I'm just excited to
see what's gonna happen with the tech
I'm gonna show you what's what's gonna
happen with the the ways that society's
gonna shift around blockchain because
it's a better system serves more people
I'm excited to see how the markets kind
of stabilized once the institutional
players get in you gotta remember this
whole thing is less than a trillion
dollars in order for goldman sachs
or chase bank or somebody like that to
have a position that actually means
anything compared to the assets they
have under control
they need to have billions of dollars in
the space typically they trade with each
other they don't trade with
institutional retail investors unless
they're making those markets nobody's
making these markets right now at least
not at the investor investing level that
we're used to in the stock market or the
forex market so there's a lot of people
here that we haven't even dough into yet
and that's Brad what you talked about
there is always there's so many articles
out there now we put them in two camps
the people who are cryptocurrency which
are building their businesses kind of
around it and starting to build that
purchase the people who are it's gonna
go to zero you never know what's gonna
happen and those are the ones that I
identify as what are the market
disruptors whose industries are we
disrupting by these and it tends to be I
think it's those bigger people who the
central bank's the banking institutions
that their business could be eroded yet
they don't know how to get into it yet
because it's too complicated or like
Brad said they have so much money at
play they can't jump in because they
can't move it enough to make the profit
that they need to
and the digital currency a lot of people
the question we always get is how does
it work why do I need it what can it be
used for and as people get out there
they're gonna start seeing it in so many
different places now and it's on the
Microsoft website you can buy with
Bitcoin you can see it on Craigslist um
I did it the other night when I went out
to dinner with my friends the cash app
has it where you can just transfer money
back and forth that now has the Bitcoin
option on it and a lot of our currency
even in US dollars is pretty much
digital anyway it's not really there
we're just transferring it back and
forth and as you see the younger
generation growing up this is gonna be
how they do business with transferring
money back and forth on the phone and
they're not gonna care if it's a
cryptocurrency they're not gonna care if
it's US dollars that's just gonna be the
regular way of life for them mmm yeah
you know a lot of good a lot of great
points and you know it's funny I look at
it even the Internet I feel like the
Internet still in its infancy you know
and I remember you know anything that's
brand new there's always gonna be people
that are gonna be resistant to it and
you know a lot of doubters around it you
know the internet even just buying
things online I remember when that was
like 10 years ago you know you'd be a
crazy person to buy something online you
know it's like you know buying on Amazon
or whatever people would still go into
stores but the internet obviously is
massively disrupted the retail industry
and there's still billions of people on
this planet that's still don't even have
access to the Internet so I see that you
know still in the infancy um you know
with that being said with crypto
obviously there as you guys said
there'll be a lot of ups and downs along
the way government's will be getting
involved and whatnot what is your
investment mindset around it overall
because I know some people they get into
it and they buy some Bitcoin and then it
goes up and they're super excited
there's certain buy more other people
when it goes down they freak out they
panic they sell and it seems like a lot
of people might not have the right
mindset going into it the wrong approach
there may be looking a little bit
short-term and not looking at looking at
it as a long-term play like I think you
guys do of 10 years out from now so
what's the mindset that you guys have
around that because at the time of this
video right now you know Bitcoin and
crypto is are a little bit down
corrected a little bit but what's what's
the overall mindset and approach that
you
tavarov yeah I think when people start
to get really dangerous at trading and
investing is when they start to think in
terms of probabilities or possibilities
as opposed to certainties right because
there's no such thing as certainties the
markets gonna do what the market wants
to do and there's participants inside
and outside the market that you can't
control there's always new news and new
developments happening so how do you
have certainty in an uncertain market
well you spread your risk around really
you just you get exposure to multiple
different things and as we mentioned
earlier we're not in just crypto you
know we've asked the classes that run
the gamut everything from my parents to
you know real estate to stock portfolios
to commodities to gold all that right
and crypto is a part of that but it's
not the whole thing so that's one piece
is that understanding where I put all
our eggs in one basket
certainly this asset class has been
outperforming especially in the last
year or so but it may not continue to
it'll probably eventually kind of bounce
out and start to grow at a more
reasonable pace so we may not see that
explosive growth continue but it's also
so small it's easy to explode and grow
quickly the other thing to consider is
you know it's not about getting one
thing right it's about getting a lot of
things right over time right and and not
having one bet be able to cripple you
like people who are you know trading
based on on greed you know where you say
oh it went up a little bit I better buy
more I'm actually waiting for everybody
throw their crypto out like when it was
I was loading the boat when everybody
was dumping last week that's what I want
to be buying is when everybody's
throwing it away and saying oh my god
it's going to zero and freaking out is
there irrational and there's in the
pricing they're willing to sell at any
price and similarly I'm getting nervous
when everybody's buying everybody's
talking about it and the prices are
going way up I'm selling out there I got
out of all my position all my principal
I should say to just clarify that dude I
don't sell my free assets right because
if you've already made your money back
when you sell and you've recouped your
principal and I have enough money to pay
some of the tax on that
I'm really happy guy to just let that
ride forever so I've got Bitcoin I've
got litecoin I've got a fear him I've
got all of it that's free and clear I
don't know a single dollar right and
I've got my investment dollars back and
now I can let that Roger up you know
that could turn into millions of
years I'm not willing to sell any of it
so I'm willing to ride through all this
and then I have a small portion that I
like to trade because I just enjoy it
and I used to do it for a living I'm
good at it but it's not something I want
to do 24/7 in a which I'll market you
know where the moves happen at 3:00 and
my time I'm not really interested in
doing that that's why we built a bot and
a couple other things so as far as
mindset just to kind of clarify around
the original question getting into this
with the understanding that it's a path
to mastery all right it's one way to get
involved maybe you weren't excited
enough to get involved in investing in
the stock market before or the Forex or
the commodities but the same rules as
far as markets go it's no matter what
people are buying and selling it's
people they're buying and selling so
mastering the market is mastering
psychology it's mastering their own
emotions towards it and understanding
that you're gonna go through all those
phases you know everybody feels fear
everybody feels greed everybody feels
like they're king of the world one day
and that their their piece of crap the
next day it's not that you don't feel
these things we're all human you just
get better at dealing with them and
acting in spite of them so that when
you're most afraid you can almost use
that as a barometer to say well I'm not
gonna freak out and sell I'm actually
gonna maybe piece into a long position
here or vice versa when everybody's like
oh my god euphoria it's going to the
moon I might be a little more cautious
maybe okay let's just take some off just
in case you know and that's what we've
been doing and it's been exceptionally
successful and so we've been teaching as
a basic strategy our students obviously
can go really down the rabbit hole on
this stuff more for the you know I think
there's it's you know more depth than
the course certainly where you have a
hundred hours to teach you or not just
an hour but those are the basic strokes
right if people could just get that
emotional mastery they can master any
market and what we know is about
especially the elevation group is when
you know students or members come on
board is they don't really have that
mindset that's that's what they don't
have they just don't have the mindset
and people try to invest and think
whether it's real estate crypto gold and
silver these asset classes without a
mindset around it and without a strategy
around it and so when you do that and
something happens you don't really have
a way to measure it and if you can't
measure it how do you know if you're
successful or not or if you should do
something different and so the way that
I look at you know the mindset around
crypto when you get into it is you need
to get into it and actually understand
what it is
you want out of it what's your goal
what's that what's the outcome that
you're measuring against you know are
you trying to get cash flow because if
that's your that's your mindset in it
then you need to change that mindset
because cash flows I think you're doing
out of crypto right now are you trying
to retire out of it we hear people say I
need a retirement plan I'm gonna get
into crypto it's like okay if that's
your mindset you have to understand
that's your mindset and then that's
probably wrong in crypto and the way you
understand that is you have access to
the right information and the right
people and get knowledge so that you can
identify what your goals are what your
mindset is because you have everybody
has a mindset about it and what you know
whether it's greed or whatever it is
identify what that is and put something
around and protect yourself or have a
strategy around that and rules to help
yourself of it because if you get into
without a solid mindset or plan and no
rules
you're 99 percent of time you're gonna
lose out in that sand that's pretty much
the same for any investment I mean it
can be real estate as an example and I
have stories I love real estate and I
have I'm has massive success in real
estate and thought that I was failing
and I was actually succeeding but
because I didn't have a measurable rules
or goals I didn't know that I was
succeeding and so that's really what we
what when I look at crypto when you get
into it and what's the mindset around it
o identify what you want out of it what
is it you what's your strategy are you
are you buying hold are you believing
the technology under underlined crypto
it's what is that and so that's I love
walking people through that and I love
it when you're talking with somebody and
they also realize crap yeah I don't
really know I don't have that in my head
and helping them actually frame that and
when they when they lipo comes on I love
that moment when they often realize holy
cow now I know what I'm doing now I know
why I'm doing this now I have a plan and
then it comes fun then it becomes a lot
of fun and you're not just rolling the
dice yeah well your plan is a plan to
fail tell you what and I see some people
getting in or a course even that like
put down the money and they're excited
and they're like oh but I want to know
this and there's like so freaking out
about like the forest or the trees
rather versus the forest the orchard if
you want you know like they just want to
get this one piece information is gonna
say I'm investing since I was 16 I've
been a person so it's well one thing I
know more than anything is that this is
a process it's a process towards mastery
so get around people who really just
know this game so inside now at this
point that they don't need to to to go
through the lumps and just pay them for
their times it's in a bun in exchange
and make sure that you have the access
to answer the questions that you need
and more importantly how do you get to
those answers right because I can give
you a fish and you'll starve tomorrow or
I can teach you to fish and you'll you
leave for a lifetime but more
importantly I'd rather teach fishermen
because these are not you know to me at
least I've been doing it so long these
are not skills that are that hard to
learn right complexity is the is the
realm of amateurs its simplicity when
you can get something to be so simple
that you can really use it like when you
read a quote ten years after you read it
for the first time you're like oh my god
that totally makes sense now because
I've had the lessons which really
illustrate that and it's so simple that
most people would overlook it
wisdom is hard to come by noise is
really easy to come by that reminds me
your heart center piece at the very
beginning we had somebody call up asking
them if we could work with them and his
first question was can I replace my
income by investing in cryptocurrency
and so the mindset piece of Brian said
is so important to get that's a whole
other conversation now because if he
thinks that's possible and where you
should be going we need to help him out
but it's in a different direction and he
said well I read on the internet how if
I invest a Bitcoin make 10,000 percent I
told you that's not what we do here
we're here to teach you so you can learn
about what it is why you want to do it
why you should be doing and how it can
help you not to replace your income from
something else so that's super important
is there's more ways to help people than
just on the cryptocurrency side is to
getting them in the right mindset so
they can know where to go whether they
work with us or somebody else it doesn't
matter yeah I think there's always
people that you know they see something
like this and it's an opportunity for
them to get rich quick but it's kind of
like a band-aid because if not unless
they learn how to manage their existing
finances and learn how to you know get
out of the debt that you know the
mistakes they might have made in the
first place and how to allocate their
money in their finances and something
like this isn't really gonna be able to
help someone that much and so I I
believe also though at the same time you
know
the time is now to learn how to become
an investor that you have to learn how
to allocate a certain percentage of your
money whatever that is whatever you can
afford but often a lot of people say 10%
pay yourself first put that aside
because otherwise they're just gonna be
in the rat race and you're not gonna
really be able to get ahead and tell you
learn how to put money aside now for
someone that let me ask you guys this
for someone that maybe has put money
aside and they have money sitting there
they've saved a certain amount of money
they have some cash reserve in case of
an emergency what percentage of that
money would they put into something like
cryptocurrency versus other asset
classes that might be you know a little
bit more conservative unless you have
crystal ball and a time machine you're
probably not gonna see those same kind
of returns but who knows right I mean
it's like when some people asked us the
same question about gold and silver my
question always this is well why are you
investing in gold and silver in the
first place and it can be the same for
crypto but in there if you're doing it
as a hedge against say fiat currency
gold and silver a lot of times people
will say 5% to 10% maximum and when you
invest in that gold sword for them for
the hedge against inflation and fiat
currency in case fiat currency collapses
and gold comes back right that money off
though that gold and silver that you buy
you put it in the safe you put it in the
bank you put it in the backyard and bury
the backyard write it off it's gone it's
a hedge against the potential disaster
if it does taken care of that is one way
to look at cryptocurrency maybe you're
gonna invest into it because you want it
it's a hedge against the fiat currency
collapsing because if you believe that
if the fiat currency collapses which a
lot of people think that might happen
eventually because of the way they're
pumping money and creating money out of
thin air there's gonna be a massive
wealth movement from that area into
cryptocurrency and other asset classes
and if you do that and let's say you say
I believe that's gonna happen then you
might want to put you know X percentage
5% or 10% into crypto for that reason if
you want to say hail
out of my portfolio of capital I take
say 25 35 45 percent of it and I invest
in high risk high loss things then that
they cryptocurrency could could be that
right there it's hard to say what
percentage because it's so risky the way
that we talk is that if you put it in
the crypto make sure that it is money
that you can afford to lose you can lose
it and be okay with it it's not gonna
ruin your financial future here you know
kids can still go to college you can
still pay your mortgage but make sure
there's money you're okay with losing
and so if you have an overall portfolio
that is a portion of that and it's
different for everybody else a portion
of that is safe and secure a portion of
that you know is in you know potentially
as in long term stuff so that's the way
that I look at it it says whatever ask a
percentage you've allocated out of your
overall total investment capital to
higher risk stuff that you can lose yeah
I like the future-proofing thing you
know if fiat or something happens and I
wanna make the distinction between like
crypto assets which is what we've seen
so far we haven't really seen a working
cryptocurrency even though we call these
crypto currencies that's the denominator
it's really these are speculative crypto
assets a real currency would need to be
stable and they're stable coins out
there and they were trying to figure out
that problem but nobody's done it better
than the Fed yet because they just want
that level of access and capital and and
and it took them a hundred years to get
it right you know to where it is today
and I'm not saying they even got it
right but you know the working system is
the working system you know there's an
old saying democracy is the worst form
of government except for all the others
the same is true of capitalism and the
current monetary system and everything
else right it's the best system we got
it certainly we can do better so until
that case study comes out where it's
like oh you know a scanner or 10x or or
whatever currency ends up being the
actual currency for now you're basically
hedging against that as a function of
other asset classes you know and people
might flow money into current crypto
currency or crypto assets as a result of
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