Mark:

Well, you know, if you're involved in the stock market, and I grew up in a stock market, family, but I also grew up in a very big real estate family. So I, you know, I've done turned 1031 exchanges, I've watched my dad develop apartments, rehab apartments, do the whole, you know, cash-out refinance, and then flip it and hold it for income, you know, the same thing that most of the listeners or a lot of the listeners of your audience are doing. And I just, I just realized that I'm not a great real estate guy, for some reason, my timing is off or whatever. But I'm willing to say, You know what, I'm not that great at real estate, I love it, I think it should be part of everybody's portfolio, because of the obvious benefits you get. And one of the reasons I love being on your show is that it's, you know, I hate paying taxes, right. And, you know, there's like, my accountant says, There are worse things in life than paying taxes. But if you don't have to do it, if you can figure out ways around it, and I know you do, you have some strategies around it, then bye, bye, bye, God, your shirt shouldn't have to pay them. And you know, I know you're a Robert Kiyosaki fan. And he has a quote that you'll never pay any more to anyone in life than you'll pay to the tax person, right, the tax man. And so we've got to figure out legal ways to avoid it, not to circumvent it or do anything illegal, but to avoid it. And so what I do, since I'm not such a great real estate guy, but I'm a bit of a bit more of a stock market guy, I just understand businesses and understand trends in the market is I take the assets, and I build an income from those assets. So we take income from it. So if you have a, you know, 100. You know, you know, 100 units of apartments are an asset, and they create monthly income for you if you know how to do it. And that's what we teach people how to do is we, we sell options against them, which is the safe part of options, buying options is the risky side of it. 80% of those generally expire worthlessly. But if you're the seller of options you're creating, you're getting income on that you're giving somebody else the ability to buy your share at a predetermined price before a predetermined time. So let me give you an example of how that works. So let's say you look at your window, and across the street, you know, your neighbor, his name is Jim and he's got a city block there for sale. And he's got it for sale for let's say, $100,000. And Jim wants to you know, he's gotten he's got to sign up there, and he wants $100,000 for his property. And a woman named Kathy, you know, no, she happens to hear that Hilton is going to build a big resort right next to his property. So she knows that his property or she thinks his property is gonna go from being worth 100,000 to be worth a million dollars, let's say, but she doesn't have the $100,000 to buy it. So she approaches Jim, and says, Hey, Jim, listen, I'll give you $10,000 If you'll tie up your property, don't sell it to anybody else for me for six months. And anytime in that six months, I had the ability to buy it for $100,000. And, you know, and so a couple of things could have Jim says, first of all, wait a minute, you're gonna give me $10,000 Just to take the property off the market, but you'll buy it. For the price I'm asking right now anyway, sounds like a good deal to me, I get to keep the $10,000 No matter what right? She says yeah, they sign in, they signed the deal, and they shake their hands. And now she's got the ability. She's got the option on that property when she took a big risk, then she because two things can happen. Number one, that option could expire worthless, in which case Hilton never came and built that property next door. And Kathy, you know, loses her entire $10,000. So that's, that's where most options players are their buyers are, the other thing that could happen is they do decide to build the building. And now she takes that $100,000 That $10,000 investment and turns it into a million dollars, high risk, high reward on the buy-side, and Jim's case, he's the seller, he makes the $10,000 no matter what. And if he sells it for 100,000, he got his price, we do the same thing in the stock market. We do it on Amazon, we do it on Facebook, and Google and Tesla are the big one right now that my customers are doing. So we'll own some shares, just like we own that lot. And we sell options to other people who are what we call the gamblers and we're the house, we get to collect the money. We don't make a huge amount of money. But we just made a bid, make a bid. And we shoot for about two to 4% a month is what our goal is and if we do this right, and you follow the rules of the system, you can create a lot of income from the stock market. And it's pretty darn passive. No toilets are trash like you'd like to say right? Got it?

Brett:

Yeah, absolutely. I appreciate all that. And so you knew what your strengths were which was not being great, maybe an operating real estate but you understood the fundamentals of any night the investment tax advantages of it, and you love the investment of real estate. But you also figured out a way to become really good at buying options selling options or vice versa knowing the differences between the two and how to exercise that. Is that a first so far