[00:02] >> I spent hundreds of thousands of dollars and I have 50% of the equity and if I walk away, you think this is this is okay. You go scot-free. You stole my being illegal. I make my money. >> If we all have a big safety net, we're
[00:16] >> Her safety net doesn't recall me and doing anything that I'm married, so that will be there. >> I don't rely on no woman to help me with >> He called you a fraud in the pre-in. >> There's nothing fraud about me. He
[00:29] fraud. The audience will call you a fraud. >> And I've met a lot of people like you. I have family members like you. The to some pride. >> You've never met anybody like me.
[00:41] >> I've met a lot of people like you. >> There's nobody like me for one. >> Merry Christmas in July. I'm in a giving mood. Even for you naughty ones. Budget, debt, investing, real estate, all of it. 50% off right now. Not sure where you
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[01:10] fix your finances for good. >> Hello, my name is Kevin. I'm 30 years old. I live in Dallas, Texas. old. I live in Dallas, Texas. >> Uh, hey, I'm Ricky. I'm 42 years old. I
[01:23] >> and I'm the off camera. [laughter] Um the the woman off camera uh named Cherry. Okay. And this is financial a guys. Okay. Yeah. Weird one. Weird intro cuz I don't
[01:36] >> No. >> Um but you guys are on so it's weird. And there is someone off camera who um the thing is I can't raise my voice to >> Not like that. >> And I can't be disrespectful. Those are
[01:50] polite to her compared to any other guests on the show, that is why she's off camera. She has a a name that I would normally insinuate belongs to insinuate that here because I cannot be disrespectful. But that is Cherry off
[02:06] everyone? >> Hello, everyone. >> Okay, very good. What the am I looking at, guys? This is a weird thing going on What do you mean what is this? What? What do you mean? I don't know. We got
[02:21] guy. >> Yeah. That aren't dating on my show plus uh uh Cherry off camera. What? Who am I talking to? What is happening here, >> You know what I'm saying? >> Oh, so it is your partner.
[02:33] Not in the relationship wise, but don't be homophobic. You know, we ain't but You know, >> this is my guy. This is my This is my guy, my friend. you know, and everything like that, you know, and and that over
[02:46] there is [laughter] >> that over there is is my partner in life. >> Well done. Well done. Well done. At 42 >> Oh, you know, >> I'm a good-look guy.
[02:58] woman. >> Yeah. Yes. Are you? >> Good, good, good. Well, actually, Cherry, I guess if What do you do for a living? >> A lot. I own a business. I actually am a
[03:11] veteran. I went to nursing school 2021 and now I'm in school again for my and marketing. >> Is the business she owns the business >> Okay. What's your business? >> Um pole instructor, dancer instructor.
[03:25] >> Yeah. >> No jokes will be made. instructions. >> I don't. [laughter] >> She was saying I don't want to be disrespected, which is incredibly vague
[03:37] and horribly subjective. Um, but I respect everyone's consent. That's good. >> It varies. >> Let's try to get a number. Let's try to >> Are we talking monthly, hourly? >> Let's do monthly.
[03:52] >> Monthly, about 1,500. >> Okay. I thought I I thought I heard the word success somewhere. Um, okay. The the veteran. Uh, are you on VA >> Uh, how much? >> I'll keep that private. Okay.
[04:09] >> I'm sure. Is she at 100%. [clears throat] >> PTSD and a lot of other things. >> What other things? >> I can't mention those. >> Why is that?
[04:22] >> It's private. >> I'm moving sandbags 15 FT THAT WAY. >> WHY? DOES IT LOOK LIKE I KNOW? >> WELL, so she can mention them. They're >> Do you actually have disability? >> Yes, I do.
[04:35] >> Yeah, that's why she got the 100%. That's not why. That's why I have a mortgage. >> No, you Huh? That doesn't make sense. >> You said that's my why. But it is why she has the the disability because it's
[04:48] private. It's a private situation between her and why she got the 100% to then it's private. >> Right. Right. Right. >> Yeah. It's not instructed to be private. >> So, it's private by choice. Yes.
[05:01] >> well, I guess the first veteran in the history of the show. You know what? Good strategy cuz everyone else is out outed themselves on this show of not actually having a disability. So you keep that to yourself and you keep collecting that
[05:15] check. That'll [laughter] that's the that's the right way to do it if we know how to use the system. Am I right, girl? So I'm guessing it's about $8,000. disability.
[05:28] >> No, my success is everything that I do. >> Okay. Well, 1,500 from and 8,000 from >> pole dancing instruction >> instructor that's two totally different >> of 1500 8,000 is disability so your success is disability
[05:43] missing >> no it's not a number you missing is [clears throat] >> I make money from going to school I make >> yes I'm in school as well as I >> mention money from that
[05:57] pay you to go to school and you're a school making money you're getting it was your service? >> 92 Golf. >> 92 Golf. >> What? I I I'm not a culinary specialist.
[06:12] >> Yeah. >> This is our second cook on disability on the show. 100%. >> Yeah, I guess so.
[06:25] [laughter] >> Okay. Um Okay. So, 16% of your income >> Excuse me? >> 16% of your income comes from your job. Kevin? >> I'm a fraud analyst for a financial
[06:40] >> Now, that's a job. What do you uh what do you what do you make? do you what do you make? >> I make 100k and 10k bonus at the end basis. >> And why am I incorporating you into
[06:53] this? I I still don't understand why. Why should I collect your income? Cuz I picking on her on picking on her a little. Uh, and uh, Ricky, I want them to do very well. >> You're in the middle.
[07:08] Ricky have met. Um, >> I would hope so, cuz this is like, Am I going to write it down? Probably not. Actually, I'll cross it out. Ricky, >> Uh, what I do now and what I did before we met is two different things. What we
[07:22] >> What do you do now? I'm trying to get >> I run the company now. >> The company, not her uh, poll. Well, >> education. [laughter] business as well, too, cuz she's one of the models on our business. You know
[07:35] business. >> Uh we have an entertaining company. >> You entertain? >> Uh we have a party bus. We have a food truck. Um we have a travel uh a travel bus and we have a um podcast. And you
[07:50] >> what the what your business does? Every business ever? >> All in one. >> It's all in one. It's a little uh >> usually businesses that try to do everything tend to not do anything well.
[08:02] >> I'm hoping that's not the case cuz I do genuinely even though and Jerry I I will apologize. I am picking you on you at the beginning. This is mostly because um pick on them is when I actually want to pick on If you said I could bully you, I
[08:16] nice, but I'm still holding back due to beginning. Um, [laughter] but uh, like I do genuinely want you guys to do well. I really do. >> Um, but usually businesses that try to
[08:30] >> Do have you run a business before? >> You're making an opinion on something >> What was the What was the 10,000 foot building you walk through with 40 >> No, I'm saying this is a podcast. Yes, it is a business.
[08:43] the 10,000 ft² building you walk through. know, just because you run one business don't mean you know how to run every >> Well, no, but it at least gives you insight better than most people. But in
[08:56] in the world of business that if you try to do everything, right? >> Before you start to try to opinionate on somebody's business, in general, I'm not even saying your business doesn't work. I don't know your
[09:08] numbers yet. I'm just saying that's a concern going in cuz it is a general understanding that any skill of an individual if he tries to do everything at once, he's not doing everything to 100%. It's impossible.
[09:21] It's probably because I didn't explain it right. You know, >> We're we're entertainment business and far as if you hire me, I can evaluate and then change your life when it comes to a wedding or it comes to parties.
[09:35] my life. >> Okay. Say for instance, you're you're a >> Okay. >> So, in our entertainment business, I can the video videography. I can offer you the food. And
[09:48] >> Videography. Videography. >> That would be fun. I'd pay for that. >> Videography. >> Get the oil flowing. >> Get the oil flowing. >> I bet you like that. [laughter]
[10:03] >> I can offer you uh the food truck and what we have. And then I can offer you um the you know the the bus ride there and we can also offer you the u party >> But you said podcast. >> Yes, we do. We we publicize most of our
[10:18] You know what I'm saying? For >> Okay. So, what do you make? >> What do I make? >> Yeah. I mean, we'll get into the business, but yeah. What do you make? >> Uh what I make and what what I haven't
[10:30] made uh sort of profit yet with the business as as sort, you know. >> Okay. So, we're relying on her disability. I I filed his um previous >> Ah, [screaming] this is why you brought your accountant.
[10:42] >> That's my quant. >> Your what? My quantitative. >> it's not my accountant. >> So, uh for 2025, um we I didn't get a chance to file his taxes. I But for 2024,
[10:57] >> What the is wrong with you? >> I I believe you file your tax >> I I believe you file your tax >> the Asian of the relationship. >> the Asian of the relationship. But um for 2024, Ricky has roughly made
[11:10] [snorts] around 25,000 roughly. >> Okay. So again, to be clear, for her actually the only reason why you're able to go into business cuz it's what pays >> So the taxpayer >> I I keep all of my money to myself,
[11:23] >> How are you funding your life? Well, do you guys live in the same place? >> Okay. Well, I mean, come on. That's like your biggest usual percentage of cost of and the cost of running a business two different things. I'm able to pay the
[11:36] And she says, "Well, I keep all my money independently." >> She's still paying the bills and she keeps her money in her pocket. mortgage. >> Yeah, she pays a little bit, but I don't
[11:48] to take care of most things. year? >> That's what I make off of this business. >> Oh, well, I asked what you did. Oh, >> I didn't finish explaining. You didn't
[12:01] >> I do that. >> Yeah. So, you got to feel feel the whole I'm doing. >> I'm story ready, buddy. Hit me. Like I told you before I met him, I was already running a couple of businesses
[12:14] that we're running together. I have a tow truck company. We have a car lot. have a transport company. >> What do you make from that? >> Uh transport company. I'm making about $200,000 a year.
[12:28] >> Wow. Okay. That's what gets your pocket? Yes. >> Oh, that's incredible. So, okay, let's just let's just in general. Okay. Is >> Is it anything else? >> Anything else or is that is that okay?
[12:42] basis? What has your pocket monthly? >> Uh pocket monthly now since I slowed >> once I slow down the company, >> it's now $200,000. That's the number we were going off of. But what is it now? >> Now, I quit the company to run this
[12:55] company. >> How much do you make, buddy? I Well, we >> 25,000 a year. >> On this company? Yes. you make from the previous company now? >> From the previous company now. From the
[13:08] previous company, it shouldn't be no more than probably like every month is um I want to say about $10,000. >> Okay. Well, that's good. That that >> This is from the trucking company and the uh the travel traveling company.
[13:23] >> You made $10,000 this month. Would you know? >> Would you? >> Would I know that? Ah, >> Wait, you you were filing his taxes. >> It's not the same business.
[13:35] business taxes? >> Uh, both. >> Okay. How much did he make last year? >> Uh, for 2025? Um, I didn't file his taxes this >> But you're not even preparing it.
[13:47] >> Um, >> who filed your taxes this year? >> You filed your taxes? >> Well, he got the paperwork and filed. I >> He did not file. So it filed taxes have not filed for
[13:59] >> Yeah, >> he got the paperwork. >> Then why haven't you filed his taxes? But he has to pay his taxes >> for 2024 or 2025. >> Five. He said he gave you the paperwork.
[14:14] >> You money guy? >> So I filed through my uh CPA and >> through your CPA for him. um my own CPA and he files our business um my own CPA and he files our business taxes uh for 2025, but I didn't. My CPA
[14:28] >> Well, I think that would be fair. >> Your CPA is an [ __ ] >> how is he an [ __ ] for not wanting to file your taxes through not you? >> I've been with my CPA for 10 years and I've never seen him yelled over the
[14:44] >> Why was he yelling? >> I don't know. The man did yell. CPA did. >> What was he yelling about? >> What was he yelling about? >> He was accusing Ricky of some mortgage
[14:56] weren't aware of either. >> Me either. >> Yeah. >> How did he yell about it? What What was >> He made something personal that I don't know what for. He made personal about
[15:08] paying and I told him I had. >> How did he take it personal? >> Um >> he was there in person with him, not me. >> he was there in person with him, not me. We filed his taxes for 2024 and I think
[15:21] somewhere in between after that. I don't know what happened between you and my CPA, but it just kind of left a bad taste in him. And my CPA told me go >> No. >> Cuz that would trigger me too.
[15:34] >> Yeah. And he told me go find a different CPA. I'm not going to file his taxes. >> So, >> okay. Did you find another CPA, buddy? >> Yeah, >> he did. I assume. Uh, I'm trying to get
[15:48] >> Yeah. >> What did he make in 24, >> Yes. >> Uh, the same thing. 25,000, but the for 2023 it was 45,000. >> Okay, buddy. How are you're not netting
[16:02] $10,000 a month? >> Okay. I'm not netting $10,000 a month on >> No, I'm not. >> Okay. So, you're tax frauding. money that I make from, you know, my trucks that are not on paper. I have
[16:15] money sometimes. Like >> help me out here, Kevin. doesn't know about the drugs? >> Oh, I thought he did because he filed >> How are we going to file taxes on something that he doesn't know about? He
[16:29] >> I'm not part of that trucking business. >> He's not part of the trucking company. >> I had this way before he even came. >> Kevin, why are you here? You're a part >> Yes. >> That's okay. How are you a part of it?
[16:43] Um I'm more of his um how you say angel investor slash tech side of the techn technical support for him at least. >> Mhm. It's racist. You said it's racist.
[16:55] >> Wait, how's that? [laughter] >> Wait, how's that? >> You're token Asian for tech. >> Oh. Oh, I didn't realize that. >> I have one and his name is also Kevin. >> No, his name's Sean. [laughter]
[17:09] >> That's okay. No, that's good. That's good. That's good. Oh. Uh, okay. So, you invested? >> Uh, yes. Um, we should probably go back how me and Ricky met. We met at a in 2022 at clinical trial study and we stay
[17:24] at a facility for three whole weeks. We couldn't leave and that's when we got to >> What the were they studying? >> What was that study about? I forgot. that they were doing. >> Okay. Worked on him. Failed with you.
[17:39] [laughter] And uh and the payout was really nice and it was three weeks but at the very last I think the second to last day um you weren't able to complete >> No, I completed the study. >> You left the program early and you had a
[17:55] nurses. >> Oh, so fighting's in your uh history. >> But it was the CPA, >> huh? I met it was the CPA. Yeah, but I Yeah, I kick ass. >> You Why, man? I'm from Compton. You know
[18:11] what I'm saying? So, I mean, I'm just >> Why continue antisocial behavior once you leave the place of badness? >> I I don't ple antisocial behavior >> Why? >> If he was if he was in front of my CPA,
[18:25] >> I do. >> I go back to your evolutionary traits. >> If you're just fighting people in the street, that's not good. it. No, >> he just said he got in an altercation
[18:38] >> at the anti anti >> with me. I never yelled at him or said >> that's the second time so far. >> Mhm. I never said nothing to him. Period. I didn't yell at him. I didn't say nothing to him. The man yelled at me
[18:51] >> I didn't say nothing to him. >> Why would the guy at the clinical tri at the clinical trial talk [ __ ] to you? >> I don't know. >> I don't know. >> You know, try being black in America.
[19:03] That's what you do. Uh, I can attempt it. I just think I would get cancelled >> Yeah, >> black [laughter] face. >> But, but to go to what you said, at the at the end of a trial study, Ricky
[19:15] proposed me a business idea. And, you know, I was bored. I was 26 years old. I start this recording studio. >> That was a while ago. Okay. >> This recording studio. And, uh, it's a cool idea. We'll have inside a mobile
[19:28] bus RV or bus >> mobile. Yeah. M >> it became bigger than what it needed to be and it started to do more. Uh we started the recording studio on a I bought a big giant bus and uh my little
[19:41] doing some music and stuff like that and we had a bunch of other artists with >> Compton I guess. So you know but you know he he was all doing music and stuff like that. It it was doing some things but I didn't
[19:54] know too much about music. I own 18 acres of land at the time on a property >> that's the UNO reverse card. >> The UNO reverse card. What you mean?
[20:06] [laughter] >> You know what I'm saying? Uh, at the >> You know what I'm saying? Uh, at the time I u Cherry came up with a nice idea time I u Cherry came up with a nice idea to be able to uh do a smoke shop.
[20:21] in your head. So, uh, as you know, we wanted to utilize the land, so we production license. You know what I'm saying? So, >> Yeah. [laughter] >> So, we got a H production license.
[20:34] >> We got a H production license and we started growing uh hemp, you know. Uh, started growing uh hemp, you know. Uh, >> but I I had no idea. Um, I was sort of invested in this podcast studio or recording studio that didn't really turn
[20:48] out the way it panned out. And then next thing I know, hey, we're doing a smoke >> Classic pivot. >> I didn't put my money into it knowing >> put in
[21:02] >> just Yeah. What have you put in overall? Yeah, sure. Actually, up until that time >> up until uh that first year, uh how much did I gave you? without his knowledge. >> It wasn't a $30,000 cash. It was a
[21:16] credit card that he had handed us. No, not credit card initially. It was upfront capital. I remember giving you two grand for some tires for the the >> Oh, yeah. Yeah. Yeah. And then the five grand for the music instrument tool.
[21:31] >> The what? >> I thought we used the card on it. >> It doesn't matter. It was 30,000 bucks either way. What percentage did he own >> You said what now? >> What percentage did he get to own
[21:43] >> No. If he gave the credit card, what percentage of the business did he get to >> 50-50. Okay. >> Yeah. >> right? Okay. >> Yeah. We're 5050 throughout the whole
[21:55] >> Okay. That's good. That's fine. Uh >> I seen it wasn't making a dollar. It pivot and made a decision to make the dollar back. first year. >> Oh, just the first year.
[22:09] >> Overall, >> you own a percentage of her disability? >> I'll be paying for it forever. So, [laughter] M. >> But like I said, we uh we took a pivot
[22:21] and we changed it. Changed the business. I bought a second bus. I bought a second >> But he didn't consent to this even though he's a 50% owner. way. >> I bought it with my own cash. I bought
[22:35] >> Still he's a 50% owner. >> Yeah. But it didn't have really nothing it part of the business. >> Is there a leg what's the legality? the signing of this business? >> There's there's none.
[22:48] >> Why? It is not very difficult to get just some kind of contract attorney in the business world. 1 th000 bucks. >> I I should have known better, but I'm I operating agreement >> at that point. What are we doing? I
[23:01] started this at like 27. I was I got [ __ ] and figured out what are we doing. [ __ ] and figured out what are we doing. >> I mean, but even still today you're 30. >> Right. Right. >> Okay. far as like I said, I wanted to
[23:14] do something. So, I took part of my money to be able to uh open up the part >> understand that pivot. [clears throat] But listen, that is money can be made. >> Wait, but a lot of new laws in Texas. How's that impacting?
[23:28] it. >> It destroyed it mainly. >> Yeah. We took New pivot. >> Yeah. cuz we were making anywhere from >> Yeah. cuz we were making anywhere from 400,000 maybe $500 $600,000 a year for
[23:41] and everything. >> You didn't see a dime? >> It's It's fair. >> Were you taking distributions? Was he >> No. Uh Ricky say he would reinvest it, but I believe the profit was on the
[23:55] >> It was It was It was because >> How much profits were there? >> There wasn't too many because we we kept escalating with the business. So this >> Okay, but if there were not too many prophets, how many were there?
[24:09] >> It wasn't. >> Well, he said not too many. Meaning >> are you saying there none? >> Okay, so there were some profits, but then it wasn't at the same time because it kept escalating with the business. So
[24:23] if you invested, you know what I'm saying? $50,000 into a bus. >> You know, now I want to try to get that money back. So when we start to get that money back to try to recuplicate that that that type of profit on one
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[27:18] extra 20% off all products and stackable with their current deals to get yours today. >> Um, four years into the business, I'm >> Hundreds of thousands. >> Mhm.
[27:32] >> Hundreds of thousands. I don't really take your word for it, but I haven't seen those numbers. he has invested hundreds? >> I honestly I don't
[27:45] >> Is there proof? >> Yes, most definitely. For sure. >> On paper. And as far as the evidence, but he hasn't seen it. >> He's seen it. He has it. >> He's even seen it in numbers.
[27:58] >> Okay. You have the financial reports for everything that we have. >> the actual >> the ones you sold or what? How did you 100,000? >> Okay. What have I sold with is 100,000?
[28:12] >> for the business. >> Yes. >> What else? >> I sold my tow truck and my 18-wheeler. anymore. Did the house have a mortgage on it?
[28:24] >> and four tow trucks. >> Yeah, you're all over the place. Which mean, >> you're not filing your taxes, Ricky. >> I didn't file my taxes this year. >> Yes. It's June. You didn't file an
[28:39] what you're doing. >> My life moves a certain way. And >> if you're Okay. And a part of that life is always filing your taxes, Ricky. that. Not a lot of people in America file their taxes.
[28:51] to. You're going to get audited. >> Okay. Let them audit me. You can't audit >> There's nothing. >> Uhoh. Ricky or Uh-oh. Kevin, you hear >> that's >> you excited.
[29:03] >> I don't want to be audited. So, >> I'm not scared of an audit. I'm not >> Really? Cuz I mean like all your off paper making money. I would actually be am in either. >> What do you mean?
[29:16] >> Okay. I'm struggling with certain things that destroyed our company when it came >> Yes. >> Okay. I mean, I've gotten canceled >> No, it's not the same thing >> in a different way. I mean, it's there's
[29:29] we do, too. >> Well, of course, I'm better at business. >> objectively, >> some people get lucky, some people
[29:41] >> You think this luck? I don't think it's all luck. Not at all. A lot of people do my hard work is better than my hard work. You >> My My hard work >> Her dancing is better than her dancing.
[29:55] work. >> Yeah. All that matters in the end is nothing. Then you're still [clears throat] a failure. Even if you [clears throat] a failure. Even if you worked hard.
[30:09] >> Just because you failed and you got to come back up and you got to get it failure. >> Anyways, four years still haven't seen a hundreds of thousands and he says he spent hundreds of thousands. Did you
[30:22] >> That was my question. Yes. Okay. What was the profit from that property when you sold it? >> Uh 216,000 >> and you put it all into the business. >> No, we bought another house.
[30:35] >> Are you hearing that, Kevin? He just said he sold the house to put it into the business. Kevin, are you are you following this? I appreciate you for being truthful. >> I think you just yourself.
[30:47] the equity in the property to be able to stand for it on what I spent on my money into the business? Aren't you Aren't you renting? >> I thought Okay, I must have been a mistake. I thought you were renting. I'm
[30:59] things that you don't listen to that you say you listen to that you don't. >> You know what I'm saying? Did not listen to a lot of stuff that over anything in together >> besides a car. I said we've never rented
[31:12] anything besides a car in the entire time of me and Ricky's relationship. everything that we had. >> My bad. It's my bad. I just thought of What does that mean? >> I guess I get I don't listen. I guess
[31:26] that's what he says. I just >> Oh, you're a cuck. Okay. guess he has an unlimited blank check. >> pushover, too. >> Well, you got the jawline. You're a
[31:38] for yourselves. He might take antisocial behavior out on you if you speak up. But >> I'm joking. I'm joking. You're a good guy. I think maybe. I don't know. He might be kind of abusing his finances,
[31:52] but um really you're just going to Is that how you've been this entire relationship? Just a pushover? >> It's been a lot of weight on my >> Why continue to put money into this?
[32:04] >> Okay, tell me how it's going to work out. >> Give me the strategy. Give me the the How does it work out? Uh, initially I thought I was cuz I thought
[32:16] thousands since that initial. >> Again, again, again, when it comes to >> he's going to speak for you. >> Every time I bring it up to Ricky, he assures me that we're going to make millions every single year.
[32:30] >> And even though our tax is that we made $550 or $450,000 in sales, I just that's >> in sales but not profits.
[32:42] >> Ex. Yeah. which I really am very curious what the IRS thinks about that. >> when you're starting from scratch and you have this business. you >> I mean you're just acting like I did it.
[32:56] This comes from >> But I funneled it with profit. >> Well, I made sure I could actually pay my bills. it, didn't it? >> Yes. But I didn't rush in by buying
[33:09] rushing it either. >> He hasn't gotten a penny, >> okay, in four years. >> To half it the part and you're tellating and you're talking about things. >> Tell me the other half.
[33:22] >> Okay. Okay. I'm I'm I'm going leave. I'm I'm You know what? >> No, I just don't know what supplicate is. You said I'm supplicating. >> Okay, don't worry about it. Listen. >> Okay, I'll move on. You know, like I
[33:36] said, when it comes to this business and when it comes to the things that we're doing and how you do it, we start from the ground up. And I bought every single make a profit >> with his money.
[33:48] >> No, with my money as well. And I know that I spent way much more. I came out >> How much more? >> Uh, at least about over about maybeund $150,000 more. I know that for sure. >> Was it total?
[34:02] >> You saying 150,000? No, total. >> What's the total what we owe? >> The total with both of us we put into $300 something thousand. >> Okay. Supplicate is to ask for something
[34:14] don't remember doing that. Maybe I did. Was I humbly asking for something? >> Listen. So, what's the other half? You want to hear. Other than I'm building from the ground up, what's the other
[34:26] half? I need some like information here. >> It takes more than money to run a business. So, let's let's let's for a second take money out of the situation. Every party that's in charge of the business, me, Kevin, Ricky, without the
[34:42] money, what what are we doing to help our business build as far as in website, as far as making flyers for our price listes, as far as marketing, as far as about our company? Me and Ricky are the only two people doing that.
[34:56] you're a part of the business. What are you doing a part of the business? do marketing as far as making our business cards, getting out there, letting customers know about our business day by day, word of mouth, because it takes
[35:09] >> she's the model for our business. Her and her friends are models for our business and stuff like that. We like I said on our party bus, it's 15t high. We How do you >> People People that know you, they know
[35:22] Like anybody that would know you, they know that um what you have going on. >> Yeah. Everybody that knows me knows about my company and it should be the same for everybody that has a part of our business. Like there shouldn't be if
[35:35] if somebody knows Kevin, they should know about the business that he offers and they should know that we off what services we have. They should know that. >> The point I'm trying to make is it's besides money, it takes more than just
[35:48] getting out there, talking to people, marketing, flyers, posting content, all of that hard work and labor, the saying? Deploy the point that's being made. I'm confused.
[36:02] not doing the things to make us more money? That's the point I'm making. You might bring money in, but if you're not helping marketing and getting your grow? >> Kevin, perspective on that?
[36:16] >> Uh, it's it's a lot to dig in. I'm not even in the business. >> You own 50%. >> In person, so I'm just out here and talking about. Just because you're not there in person, those things can be
[36:30] not? You know what I'm saying? Far as in like marketing and website designs and pushing things out there for >> Do you have insight into the books? >> Not anymore. >> Not anymore. Yeah, we we got crashed
[36:45] with uh with Square. Uh >> everything was put on Square. >> So they closed our account. >> So it was still primarily hemp andal new downpour. >> Terry, what's your perspective on uh
[37:00] >> as far as in what specifically? >> Uh part of this business and whatnot. I Ricky but not Kevin. >> I mean Kevin's a great person. um like he has put in a lot but it takes like I said earlier it takes more than just
[37:15] money to help a business grow you it doesn't necessarily mean you have to be out here with me and Ricky you can be at home you can post on our business platform you can upgrade our website to make sure that all of all of our
[37:29] services are up to date with the prices as well you can help us market more more um bookings for the party bus all of that stuff you don't have to be in >> That's what I'm saying. [clears throat] >> I mean, everyone agrees that it takes
[37:44] what makes a business. >> Yeah. the only reason why. >> Okay. Can I have the whiteboard? >> Okay. Can I have the whiteboard? >> I am just so I'm going to just have
[37:57] [clears throat] be the boots on the ground operation. Sorry, I didn't mean to trigger you. Uh for this business. >> Mhm. >> Draw the business, the profit centers, the the income. Just like tell me what
[38:09] the business is for every source of income and give me like a percent of what that might be. Just draw out the business for me. I need to I just need to understand something. >> Okay. So, god damn it. What come off?
[38:22] Anyways, so there's a uh we did have a building. We would let the building go. building. This is the >> Well, I just want to know now >> I just need to know what the business looks like now. There's an eraser.
[38:35] >> Yeah. So now you saying there's uh there's a bus, you know, that's goddamn there's a bus, there's uh there's three buses actually. There's the party bus,
[38:47] buses actually. There's the party bus, and then there's the uh travel bus, and >> Okay. >> You know what I'm saying? Gotcha. We got the smoke shop bus, the travel bus, and the party bus. And then we have a smoke
[38:59] >> Car? >> Yeah, we got a car. One of one of them got repossessed. >> Yo, that's that was a van that we had >> It was under your name. >> It was I cosigned for that van
[39:13] >> and it was repoed couple weeks ago when I wanted some money for free with no responsibility. >> Okay. Okay. So, shop car. Shop car. >> Shop car. And then we got another van that's uh for the smoke shop as well
[39:26] >> And this was that repossessed this one? >> No, this three. we got the food truck, >> right? Yeah. >> Okay. So, a lot of assets. Are there debt on these assets?
[39:39] >> These are all owned cash out. Yes. >> Why was one repossessed? >> Why didn't you pay? >> Um [clears throat] things got complicated with uh with the whole business because one, we we we
[39:53] made a mistake by getting loans. We had got a cash advance loan, >> you know. Uh cash advance. He didn't take out like a personal loan, business >> Yeah, personal loan. >> We were we were
[40:05] >> we [clears throat] we went we went >> on this business on a whole point. Uh which was fine. We got the credit card stacking. stacking? >> Yo, we got the cr credit card stacking.
[40:18] about $80,000 worth of credit cards. >> Okay. Are you talking about just that >> Uh no, no, no, not the transferring. So, we went through a third party service and they apply all these credit cards for us. So, we went Oh, that's
[40:31] >> The first round we we obtained four credit cards but at the expense of 12%. >> 12% is insane. >> No, no, it was it we didn't have zero service. >> Wait, I am confused though. It's not How
[40:45] though? >> Now, now is a different different point. >> We're still building it. >> We had to take a pin. How does income you talking about? >> I think
[40:59] >> You're talking about Wait a minute. You're going from one subject to another another question and you not got to stay on one point on one conversation. getting confused on what you're talking about.
[41:11] >> okay, >> Stripe doesn't work. How are you making shop and >> Yeah, but where is it hitting? Not transferred through? Uh, he's he's referring to POS.
[41:24] >> Oh, the POS system. I I forgot the name of it. I forgot the name of the POS >> Why am I being told it's going like through Cher's Cash App and Venmo? >> Well, the cash app. Yes, because we had to start using her cash app because my
[41:38] >> I That's true. >> And how does that make you feel, dude? But if it was going to her my business partner's fiance's cash app and we put it through the bank. >> Which bank?
[41:52] >> From Bank of America. >> But but that's is that negative? It's >> We haven't made any money. >> Oh, good. [laughter] Okay. So, yeah, these these are all the assets, correct? >> Right.
[42:04] So, there's also a podcast >> that these are all the vehicles we have >> Yeah. But Okay. So, that's the vehicle part of the business. vehicle party >> you know, >> and this is for events,
[42:17] >> right? Yes. >> Yeah. we have >> kind of Yeah, I get it. but yes, we have same setup. >> Well, we don't go mobile and shoot
[42:31] >> I'm saying I don't go mobile either and shoot events. I do shoot events and mobile. What I'm saying is we have a stationary spot that we do it at. you know, we have a stationary spot where we have our same thing. We do the same
[42:45] stuff and whatever like that. Not on your level or nothing like that. Period. >> But I'm saying that's that. >> So videography, what else? >> Uh videography and um that's it. This is all this is all part of business.
[42:58] >> Write down on average for each of those what they would bring in net after costs. >> Now like would they bring in? >> No. No. No, not wood. Now, >> like now they're not bringing in nothing
[43:13] >> still he's still building it up. >> Okay. look like now then? If it's still being built out, what's this still building? I can like that's on hold until we figure it out. But
[43:25] >> so so this all got changed just recently. Within 3 months, everything >> Why? >> Because of the hemp business. business. >> Okay. So the travel bus and every part
[43:38] of this business relied on one part of the business because it made so much >> Oh, so you're saying all of it was subsidized. They were all money losers >> No, it's just I didn't have enough. We were I was starting to break off and
[43:53] push more into the party bus more. Okay, this is what happened because it's a long story and we're going to it in in a quick ways and you're asking questions about certain things. I'm just saying. Okay. Far as in the party bus and far as
[44:06] stuff like that and what happened in the stuff like that and what happened in the situation, the party bus took I want to situation, the party bus took I want to say $50,000 in creation and it and and
[44:19] >> That's chunky. >> Yes. And it took because we it was it >> Yes. And it took because we it was it was originally the um the mobile studio where we had started correct uh at first >> and we changed it into a party bus and I
[44:34] had put a rap on there. We had got with a dude named Kevin that he ran his business for 30 years. I don't know this guy. I mean I know him but I didn't know rap on a bus. >> Not this Kevin.
[44:46] >> Different Kevin. Um, >> it took 6 months to get our bus back when we had a wrap on it. So, it took a pause on that bus. The transmission went out on the u on the what you call it on a uh on a on the smoke shop bus. So, we
[45:01] >> So, where we're where's the standing on every single one of these individually >> They work now. >> Okay. So, why is no money coming in? >> Because I'm only one person. We lost a lot of stuff when business
[45:15] >> What'd you lose? We lost employees. >> Okay. But why would the employee for the business? >> Because it was the only thing that was back. >> Okay. So, what do we need to do right
[45:27] now to get it up and running? Let's say there was employees to run it. What bus? >> Each each individual item there. would they >> um on a monthly basis?
[45:41] >> That's that's the smoke shop bus. >> Okay. Can Can we still do that today? you had the employee in place? A net after expenses. >> Monthly after expenses. You're talking about uh we running out had all the
[45:57] stuff that was in there. You're talking about maybe 20 to $25,000 a month. >> Um you did the taxes, you done the account. >> Listen, we have that [ __ ] in the check
[46:12] account for almost 2 years. >> What' you say? >> Things are being run through her Cash App. >> Cash app. Would [clears throat] you let
[46:24] >> We do. >> But the all the business stuff isn't things that I get cashed out for. >> No, that's fine. But like he would see the business problem when they have a meeting every day. When
[46:37] they have a meeting every day and Kevin talks to Ricky about numbers. saw. I'm have conversations every day about numbers, that doesn't make any sense. >> We show him the the cash apps. We we send over the things and stuff like
[46:50] he still be here this long? He hasn't seen it. He's saying he hasn't seen it. >> And it's not like Why is he saying that? >> The thing is this. We just started using her cash app. It wasn't like it been like it wasn't the whole time. I know.
[47:03] >> Uh they shut down our cash app and they shut down our Square. >> What do you use now? That's why we end up using hers and we started we switched >> How long? >> Like 3 months.
[47:16] >> No, I haven't. >> That's why. >> Okay. Can he see? >> I mean, be on camera. >> Which transactions are which
[47:29] >> No, I know. I know. He can ask for clarification. >> Yeah, >> little peek. Okay. So, let's say 20,000. that bring in? Well, Mr. Kevin goes through and looks.
[47:42] >> Um, the transportation bus can bring anywhere from uh let's say >> After cost $10,000 a month. >> Okay, that would be lovely. Um P I does that bringing in? >> Uh it can bring anywhere. After cost uh
[47:58] owning Colleen, by the way, >> about $15,000. No, out here in Austin. >> in Austin. It's right around the corner. It's actually right around the block. >> The party bus and the food truck. >> I mean, there's a lot of transactions.
[48:11] There's a lot of food, shopping, gas. I mean, I just there's it's hard to keep >> by the way. The like your CPA is not going to like and IRS certainly won't. collected in one. >> I couldn't stop. You know, we didn't
[48:26] make the cash app stop. We had to make a pivot to sit there and >> I know cuz you were doing business that was illegal in Texas. So, uh, okay. Okay. Do you believe these numbers? Cuz he's saying net you guys can make, uh,
[48:40] what is that? 40,000 hours a month. >> Look, all I look I look at the numbers on our checking account. It has never exceeded >> Okay. >> Why does it ever exceed 4,000? If you're
[48:54] saying just those three, you can bring in 50 net. Net is after costs. >> Okay. Uh [clears throat] that is you're saying you you're you're talking about now. >> If we had if we had the you
[49:07] >> Would make would. >> Yeah. If you brought them up today. stuff that we would have made. >> What do you need >> Yes. >> Probably like 50,000 to get that done.
[49:20] >> You ready to put in another 50? >> You know, I mean I don't asset. Big lots of things. >> Yeah. I got a lot of stuff going on, but >> If you're so confident in it, borrow against your home. Put 50 in it.
[49:33] >> I thought you said he had equity. >> We do. against it. >> He does have a plan to acquire more >> What's the plan? >> So, um, the same thing that we he did
[49:47] like that. We already having planned with people to be able to myself, her, partners to be able to do the same thing with our credit cards and be able to
[49:59] alleviate. The thing about it was we wasn't able to get a SBA loan. We wasn't >> this is a mess. >> It wasn't a mess before this all >> Before this all started, it wasn't a mess.
[50:11] started? When was that? >> It was last year. >> Cool. Last year. What were you seeing on a monthly basis? Before we keep going, a your hand if you've been putting off a doctor's appointment, dental cleaning,
[50:24] annual checkup, weird skin thing, whatever. Yeah, a lot of you are doing what people do with money problems as well, avoiding it and hoping it magically fixes itself, but it doesn't. And that is why this part of the video
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[51:32] Thanks Zdock [music] for sponsoring this message. Let's get back to the video. Merry Christmas in July, you jolly motheruckers. To celebrate, I'm giving you master your budget, master your debt, master your investing, and master
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[51:59] and take control of your money. Learn how to actually invest without losing your ass or your savings. Getting into real estate? I'll help you avoid the money pit and get more profit. And if you're unsure where you stand, shame on
[52:13] you. But you're in luck. My newly revamped hammer quiz. In just 2 minutes, you'll know just how naughty or nice your finances look. And if you've taken it before, look out for some new and huge improvements. Oh, and I have a
[52:27] the quiz. Click the link in the description to learn more. or take the quiz. Take advantage of 50% off and finally unfinances for good. then? >> Far as not significant. We have We have
[52:44] saying? It show in there or whatever. If you have the financial paperwork in our bank account, we had the numbers showing that we were making$25 to $30,000 a account. We were just paying employees. We were paying employees buying things
[52:58] When you're not there physically, when you're not there actually said he didn't >> You can see it on the He wasn't looking on the computer. On the square in the square looking on the computer. >> It's there. All the sales were there.
[53:11] Everything that was there. >> Why' you trust this guy? >> Oh, that's a that's a >> You trust me plenty of time. >> Question. Well, why did you trust him to invest a couple hundred,000? Dude, you a
[53:23] couple hundred thousand be multi-millions in the S&P 500 by the >> Oh, I could have been a millionaire. You did? Yeah. Why'd you trust him? >> Why? >> I was 26 27.
[53:35] >> None of us do this at 26 27. >> I guess I was really persuaded and multi-millions. >> How did he persuade you, though? >> I mean, objectively, no. Not yet. >> Things things I wasn't expecting for the
[53:50] expecting for >> cash into a risky business. Like, you kind of understand, right? >> I didn't expect for it to fall. I didn't expect for the laws to change. You know, >> in Texas,
[54:02] >> I didn't expect >> been pushing for this forever. your business. expect it to change that much. >> That's what you're investing in. A guy
[54:14] impacts his business. You got sold. Great. Um, okay. >> Actually, I did. I've been following that. They've they've been trying that actually. They've been Okay. 26 27 you're 30 now. They've been trying that
[54:29] for 4 years. >> I know over 15 different business thousands just the same as I done that fell under just because they changed the >> Yeah, but they bet on the risk. >> Yeah. When I did
[54:43] >> I was informed on the risk. >> You just said you didn't look into it. going to go change like that. >> You weren't informed on the risk. even remind me about the risk. >> What? What the What am I dealing with
[54:56] say he's informed. >> How much money did we pay back, Kevin, on that loan? How much money was it? The one that we fully paid back. >> Do what? >> We paid back um on the loan it was like
[55:08] called? >> And then we paid back every penny, the from >> The reason why you we never saw any significant money in the account is because we took a loan. And so this is
[55:22] because we took a loan. And so this is what it is. We took a loan and we were paying $1,000 a week. $1,000 a week on loans that were coming through the account. We're making them. Never missed a payment. Said up there and made $1,000
[55:35] a week every week on this account. You know what I'm saying? Then we're paying another $3,500 in credit cards every month. Then plus the employees, then plus the mortgage, then plus the lights. Then plus all the things that it takes
[55:48] the supplies and be able to run businesses. I understand that. But that's what went to the downfall. And what happened after that after we sat a financial freedom that we're going to go stand ahead then took a on his head
[56:03] which they were all spread spreaded around through the month, you know, where we how we supplicating how we make how we make money is how we separate and put the money in in our accounts. We're making 400 500 500 300 you know what I'm
[56:19] happened after that? >> Such a mess. Okay. payments into one day. >> You guys took on way too much risk, way an industry that if you did any research, you would know that Texas was
[56:34] trying to change the law on. >> This was just uninformed, moronic >> This was just uninformed, moronic behavior across the board. Come on, dude. I don't smoke weed, but I follow basic Texas news. And I followed
[56:47] it, too. And that we fought against. >> You just said you didn't follow it. started changing, I followed it. I started seeing >> Look, the thing [clears throat] about this, we can't help but to sit there and
[57:00] find out what's going on because the suppliers that I'm getting it from are >> the news. I get it from the Austin American States. the most >> It's probably one of the most uh
[57:13] generating income stream better than whatever we had else going on. >> that's why all of our eggs aren't in just that business. That's why we have multiple different things. So, if the hemp did
[57:25] anything. We >> still have videography. We still have our podcast. We still have photography. We still have the party bus. We still have which isn't making it. >> None of those are making money. You just
[57:37] then what are they making right now? >> Right. We just pivot and start to change and make more from it. >> What is being made right now? Can anyone answer this question? what's being made right now with the
[57:49] company with those buses and everything right now. We're making anywhere for it. >> Does that sound right? >> And videography, what's being made? >> Yeah, that sounds right.
[58:01] >> Yeah, >> I don't know. >> Okay. Well, that's a lot of money for three people. So, so profiting 5 to >> Breaking even. >> Breaking. Losing?
[58:17] >> Congratulations. What a return on investment. >> What do you think the financial score would be for your business? 0 to 10 if best. >> The financial score?
[58:29] >> What would you rate it? >> Go for >> Go for >> What would you rate it? get it for free at caleb.com. figure out where you stand in the world of money,
[58:46] doing poor, and what you need to do to become better. Check it out. And if you don't want to be like morons that show up on this show, no offense, love you think. Maybe. Actually, I don't know you like that and I can't say that. Just
[58:58] budgeting app. Sign up for it, take the free trial, see if you like it. Most version and when you do, you get the budget friendly meal plan signed by mailed directly to you and the digital version of the cookbook for every single
[59:12] recipe. Check that out. Or just download it in the app store of your choice. I guess we got to get into the paperwork, man. This is This is what a mess. What an insane stupid ass mess. How much is the videography make in a month?
[59:25] >> On a month. >> Um I mean I I just started roughly just doing it hardly like right now. So >> that's everything just like nothing's ever being done. It's like now >> we were
[59:39] >> I don't do photography. I do videos. >> She said photography. >> I do it, but not like that. Not on for money. It's just for our personal >> you know. >> What does it make?
[59:51] >> We're not monetized yet. >> Where do you post your podcast? >> What is it? >> Uh, hardest. >> Yes.
[01:00:03] I seen a podcast. >> We guess we're just starting that as >> No, we're not just starting it. I had uh Kurt Cobain's. I had uh Lil Flip. We had >> Charleston White. We had a bunch of different people on there. We just
[01:00:17] haven't been posting much videos. >> You got Kurt Cobain. You haven't? It's on there. >> The one that's like dead. >> No, there's a rapper. >> Isn't that the guy like did Nirvana?
[01:00:31] >> the one that people know. >> Yeah. Wasn't Kirk Kirk Cobain, right? >> Yeah. >> Okay. Okay. Which is uploaded on this >> Okay. Let's see. Most popular video. Let's have it sort by most popular.
[01:00:46] Let's have it sort by most popular. It's taking a second to load. Uh, okay. >> Yeah. >> Uh, 2.2,000 two years ago. >> Uh, 2.2,000 two years ago. And you invested in this.
[01:00:58] [sighs] >> Also, it's 14 minutes. Um, it wasn't like we were paying him. It was like kind of like a whim. Yo, he there and stuff like that. >> Oh,
[01:01:12] assessment of the 55 minutes I know you guys so far. >> You said my 55 minutes you known it so far. The assessment you're going to give >> assessment based on the 55 minutes I have so far. Yes.
[01:01:24] >> Mhm. >> That's it. And you're a leech and you >> That's it. And you're a leech and you know nothing and you're a [ __ ] way here except for you because I can't say that to you.
[01:01:37] pathetic. My business is doing well. >> Takes one and no one >> and then >> that's what you got after your 30 >> Yeah. >> I'm rubber. Your glue
[01:01:50] I said. >> My glue. >> What? >> Yeah. I didn't I didn't hear what you >> No. The best thing you got was a middle school comeback. Maybe.
[01:02:03] >> Oh, she has a stripper. >> But anyways, like I said, um when it >> the business and whatever. >> Oh, she had a delay. What was that >> Everyone says that like it's an insult. It's not an insult.
[01:02:15] >> It's not an insult. >> No, no, compliment. >> I bet >> they're lovely. >> You just got to talking about lotion and rubbing yourself and everything like
[01:02:29] >> At the beginning [laughter] of this podcast, you was talking about >> I don't know. >> What? >> What are you talking about? >> You was talking about baby oil and some
[01:02:41] diddy stuff, man. >> Baby oil. Diddy. Diddy videography. inaudible. That's what I thought I heard. >> I don't think you go to strip clubs. But anyways, it was another business.
[01:02:54] [laughter] Anyways, when it comes to this business, uh I you can say successful or not. I know where we're going to be successful >> it's always we're going to be after he put hundreds of thousands in for years.
[01:03:08] >> And I did too. I have a lot relying on this business. A lot. >> I'm sure. But you have her supplemental >> disability of which we can't say is for >> for being a cook. >> Like I said, I put most of everything
[01:03:22] >> saying I love veterans. Veterans are the best among us. They are literally We have the United States because of the veterans, but we know for a fact on the show's history. They're not a sacred cow. We can't just be like, "No matter
[01:03:36] And we've when we've had literally over brag about how they're getting fully funded disability for something that that. >> But you guys can. So, you know, you can
[01:03:50] take more risk because you know you can fall back on it. net, we're able to take more risk. That's a basic reality. doing anything that I'm doing. >> Well, your fiance, you're about to be
[01:04:04] married, so that will be there. >> I don't rely on that. That's not a type but it allows me to take more man I am. And you can't tell me what I'm doing. I nothing. Period. That could be sexist all you
[01:04:18] with nothing that I do with my business. Period. Point blank. Except that money risk cuz you know if everything were to go to [ __ ] you can fall back. >> that's what the numbers say. >> No the numbers don't say that. I take
[01:04:33] care of my stuff. >> I think his hundreds of thousands. So I woman. You used Asian. >> Your problem is you just sitting there listen I told you that it makes this money to where I can
[01:04:45] But >> had you not put it on books to truck? >> If you're not putting on books that's illegal. sold. I don't care give a about it being illegal. I make my money. Well, that's you know what I'm saying? That
[01:04:58] it need to go. I'm not doing I'm not selling drugs or nothing like that. I'm escape some taxes to be able to run my tow truck to make some money to get my do. >> Okay. So,
[01:05:10] a cook and tax fraud. >> Yeah. Ain't no tax fraud. What you just >> I'm not making enough money to sit up there and make tax fry on my tow truck.
[01:05:22] would be enough money >> before we start running this business. I don't have I'm one running the truck. I can't sit there and run that truck at the same time I'm doing this business. I'm the only one running the truck. So,
[01:05:34] anytime I need some money for this business, yes, I will go take a call for a tow. Yes, I will go sit there and go tow a car. Yes, I will go repo a car to make some cash to be able to go buy product. Yes. No one's saying you don't
[01:05:46] work hard, but I am saying for this business and looping someone in to give all this money, put away the bits and everything that I've been doing and the talk. >> When it comes I'm not all talk.
[01:05:58] >> You've been for him. >> No, I've actually told him what to do >> okay, >> on his return on investment for hundreds Come on. >> It wasn't sucked in due to the talk. We
[01:06:12] >> heaven has it. We lost because of structural things that happened to the >> But before that, he didn't make a penny. >> Before that, we were still building. are all >> forever building with that. You don't
[01:06:25] running. You're subjugating and putting things on on >> man. Look, LISTEN. >> LOOK, LOOK HERE. LOOK, LISTEN. some things that you don't know no business about. Period. What are you
[01:06:39] hey, you're sucking him in and not running the business. I'm running the >> Like I said, I'm giving the perspective based on the 55 minutes that I've had so >> I know, but you your 55 minutes you listen so far. You listen to five
[01:06:51] >> Five minutes. I've been listening to you a lot. You've been rambling, buddy. >> You've been asking questions and separating conversations. You've been conversation here, there. >> I am trying to learn as much as I can.
[01:07:06] >> Oh my gosh. What have I not listened to? >> You don't listen to the rest of the finish, so I have a sentence going. I'm telling you about the business. You the conversation. You say something about the numbers.
[01:07:19] >> What have you not learned? Yes. >> How the BUSINESS FAILED. >> No, it didn't. It failed more than just with the hemp company. It failed because the bus couldn't come back because the motor went out inside of the truck.
[01:07:34] Because a lot of things happened with the business between things getting stolen, between things messing up between the business employees, people get had to fire back and forth. It wasn't just that running there. You
[01:07:46] tell you. >> But you didn't listen to anyone who's once in their life cuz you know if you did you would have a proper business >> "Well, then you listen to a bunch of >> I didn't listen to a bunch of I listen
[01:07:58] to people that do more successful than me and they help." Because you would that would happen for your business. >> I did have an emergency fund. in cash every single time without having
[01:08:10] an emergency fund to cover 6 months of that thing being broken to make sure table to make sure that you can replace a motor. You don't have assets that >> We did take care of that. You don't know what I'm saying. You We did.
[01:08:23] failed because of that because the motor broke down. Now you're saying you could >> You took care of it. No, you didn't. Again, you don't know the inside of the business. When the I'm telling you, when the motor broke down, we took it to a
[01:08:37] mechanic shop. Guess what happened to the mechanic shop? The guy did not give me back the the the truck for 3 and 1/2 months. It wasn't our fault. fund to pay the employees that 3 and 1/2 months. We did. Then what was the issue?
[01:08:51] We spent the money that the emergency fund went out and depleted. you've made zero dollars. I had emergency fund and I paid out of my pocket for my employees. I paid out of my pocket.
[01:09:05] >> I also pay for the employees. >> I I wired you 50ish grand and you used >> Yes, we paid off the employees, but we also put $20,000 down onto the building we were buying. We also put we also pay
[01:09:20] >> you know what I'm saying? And then we paid for the van that was coming out to the shop that took too long. That's where all that money went to. That that money went structurally to every spot and everything that we needed.
[01:09:32] >> I didn't get evicted from the building. We left the building by our own choice were evicted. >> It was seller of refinance and we weren't able to make the monthly payments.
[01:09:45] able to make the monthly payment. I did make the monthly payment. specifically, "We're not going to pay another monthly rent because we don't have all of our full product. It does not make any sense to pay the rent for
[01:10:00] the next month if we don't have the things to operate the business with." I said, "Hey, look, you can keep the money that we have and I'll take the back, but give us a couple months to come out own this business unscathed so
[01:10:14] handle the we can't handle the mortgage." On the personality side, I've met a lot of people like you. I have family members like you. The reality is, pride. >> You've never met anybody like me.
[01:10:26] >> There's nobody like me for one. Period. >> Of course. Uh-huh. Yep. You're totally unique. No one's like you. >> Yes. Nobody's like me. What's your Wait, what's the point? >> The point is you have a lot of pride.
[01:10:38] And for some reason, because of that pride and because like many people like you, you can never be wrong. >> No, I'm always wrong with a lot of >> You can tell me something to where I can do now to help my business. I'm willing
[01:10:51] >> But you can never be wrong from anything that happened in the past. conversation >> because we didn't go to that >> Yeah, we have. We've been here. >> No, we have not. It takes more than 55
[01:11:04] conversation on what I'm wrong for. There was mistakes that I made in this business on things that I was doing. One pay is wrong. One, I should have stayed up on that. That tax is WHITE PEOPLE [ __ ] AIN'T NOBODY WRONG. YOU KNOW, IT'S
[01:11:17] NOT ABOUT YO, WE PAY TAXES and whatever like that. It there's more than paying sitting up there hustling. You don't sit there, man. You don't know what you get to break the law. >> It's not breaking the law.
[01:11:31] >> Yes. Breaking the law like that. But what I'm saying is that man, you're wrong in a situation. >> THIS IS THE LAW. YOU PAY YOUR TAXES. >> OKAY. We're paying the taxes. We're talking about it. He's doing offbooks
[01:11:44] >> Okay. Yes, I am. >> That's illegal. That's wrong. Admit it's >> I never said it was right. >> You were justifying the out of it literally 7 minutes ago. >> I'm not justifying the fact is that I'm
[01:11:56] LITERALLY DID. REWIND IT. >> WHY WOULD YOU NOT PUT IT on to I don't care give a [ __ ] about it being illegal. I make my money up on that that taxes. Okay. Anyways, like I said, >> me not paying taxes is me hustle for me
[01:12:10] of people are doing it and I'm doing it. >> Make it right. And I don't give a [ __ ] >> I don't give a You're a bad person. >> Yeah, let me be a bad person. I'm the tax fraud. >> No, nobody's going to put me in jail for
[01:12:23] fraud. >> Well, actually, we don't know cuz you don't put it on the books. >> Well, not enough to be on tax fraud. >> Like I said, I set up there and run my truck when I need to to make money.
[01:12:37] money to be able to run my business. >> It's been a I need to look at some statements. I don't know what the I'm looking at. This is so much. I just need to listen. Apparently, I'll never have enough information to have any context
[01:12:50] not the business that this guy has put made zero sense is successful or not. made in the business. For one, we should have never We should never
[01:13:02] >> We should have stayed mobile. That's one of the mistake we should have done. >> So, Vera Bank, what is this? What am I looking at? Can someone tell me? Okay, so there's a total of nine credit cards and Burough Bank's one of them. Um, we
[01:13:15] all use the cards for similar reasons for the smoke shop inventories um for other utility bills, but uh Vera Bank, that one's one of the smaller credit card limits. Are you going to say I came after you? That's why you were so
[01:13:30] verbally abrasive. >> No, I'm just being stupid. Because that physically confrontational with people in the past where I'm starting to think in the past. Like who? >> Verbal. Verbal.
[01:13:43] >> I didn't never get verbal with anybody. Even with the guy he's talking about. >> Did you get verbal at all? >> Uh not with my CPA but but with the stadium. >> Yeah.
[01:13:58] >> Okay. Well, listen. You owe $3,82.38 with a minimum monthly payment. Oh, there's fees. Uh, minimum payment $86.61. Why is there fees, Kevin? $86.61. Why is there fees, Kevin? >> Lay fees, unpaid fees. Um, I said we
[01:14:12] have nine credit cards. Three of them have already been cancelled or closed. quant. >> And um yeah, you'll see a lot of the credit cards. They all have late fees.
[01:14:24] >> Why you late? >> It's all under my name. question. Why we late? I don't have the money. I'm asking a dumbass question payments. >> Yeah, I'll make the payments for a lot
[01:14:37] what things on the business >> to keep the business running. >> No, it's not. >> I'm going to pay a credit card before I >> All me. >> Oh, that's very selfish of you. I'm glad
[01:14:50] when the things that don't directly impact you, you won't go work hard for. >> Kevin, is he working hard for this? >> He tells me he works um 50 60 hours a certification when you're ready to go
[01:15:04] >> He'll um >> You said no. >> Ricky doesn't Ricky doesn't work for people. He works for himself cuz he's a >> to you. >> Well, to the little numbers on the
[01:15:18] >> Also, bosses pay their taxes. >> It sounds good. this taxes [ __ ] >> Yeah, it's a weird thing how that works. >> I mean, how how was he a good boss? Wait, didn't he lose all his employees?
[01:15:32] >> About 30 employees doing the middle school. I'm just gonna ignore the person Watch activity. >> 30 employees 2025, but we lost most of >> That sounds like a pretty good boss to me.
[01:15:45] >> She can't defend it. >> We had to lose the employees because we had to take, you know, certain pivots to be able to change certain parts of the business cuz we wasn't making as much money. So, we had to Some people are
[01:15:58] a lot of people, >> we pay them commission based for the >> Okay. Can you guys pause for a second? Pause. Take a breather. I think she a couple dance routines. Uh, one second. I'll be right back.
[01:16:13] >> Hi there. >> Hi, everyone. Come in behind me. Oh, >> Wow. This never happened before. Just get as tight this way as you can. quiet for a second. Okay. So, here's my employees that are
[01:16:29] lunch, but that's okay. Here, here's some of them. Um, employees uh if uh the business I was just like, you know what? We're actually going to just do a >> A pivot. >> A little pivot. And you guys all just
[01:16:44] >> No. >> Terrible boss. >> NO. >> SO, HOW THE ARE [screaming] YOU A GOOD BOSS? [laughter] THANK YOU.
[01:16:58] >> You suck with money, so you download a budgeting app. You start with the deletes it because it's way too complicated to use. So, you go to Every Dollar. That's Dave Ramsey, the personal finance guy, right? Well, they're going
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[01:18:21] take a short quiz. You may be entitled to a potential recovery of over $1,000. get air because the stressful conversation of being off camera and
[01:18:35] having someone push back on her once in her life for the first time ever um say you're a good boss? >> Because I am a good boss. >> Okay. Very good. He stands on it. That's insane. [laughter]
[01:18:48] I do to take care of these people? The [ __ ] we do. I don't even They sure not everyone has the best opinion. I mean, know, all that good stuff. But it doesn't matter. The sacrifice [ __ ] the
[01:19:02] absolute investment we do into this business is crazy. >> and they're all gone. >> And I guarantee you they'll come back, >> Kevin. Um they're young. They're things can change
[01:19:17] for the better or >> I never had a bad employee that never them right now they would be like yo Rick's a good guy. I'm >> not saying a bad guy. Bad guys they say they say he is great. He's a great boss.
[01:19:30] >> I don't know. Sometimes you call the employees where you at and they're not on time. They don't count money boss. >> Yeah it does. That's a bad leader. What >> Okay. >> Well, yeah. If they're repeatedly not on
[01:19:44] time, they wouldn't work there anymore. [laughter] >> That's basic. That's actually very basic. They do that at McDonald's. most of the employees that don't come in. They they get recommended when when
[01:19:58] >> they get recommended. That's good. Every time I visit the shop, it's always a new face I never seen before. It's never the same employees. Well, there's one or two here and there, but most of the time I've never seen them. I've never
[01:20:11] that I would care. But >> do you feel like you took advantage of this man? Cuz he's a sweet, handsome Asian twink and I feel like he was just >> along. >> And I even did a racist accent of him in
[01:20:25] cuz now I feel bad for him. >> Taken advantage of. No. >> Cuz all these credit cards are on him. You'll go work to pay your bills, but you won't work to pay the credit cards. >> You say pay my bills. The bills that I'm
[01:20:37] >> not the credit cards of the business. >> Okay. Not the minimum monthly payments. >> Pay I have to pay for the business to keep alive for us to be able to pay the >> But it's $86. >> What? $86 for what?
[01:20:51] Bank. $86. >> We wasn't missing any payments. I like I The thing is you missing this whole conversation and all this thing before. >> That's right. I apologize. I've missed everything. You you he we were make I
[01:21:05] all the credit Listen what I'm telling you. He put all the credit cards in one >> It's hard to keep track of nine credit cards spread out throughout the month. >> I told you in advance. >> So it wasn't just $86.
[01:21:21] 900 maybe $1,500 $2,700 that was coming out the account in one time. >> Okay. American Express the minimum was paid on this. >> Yes. was not on fair bank but was paid on this. It is $3,621.50
[01:21:35] >> Like I said, they all got moved on one day. When they were spreading around during the month, we made them fine. When they got moved on one day,
[01:21:51] >> Okay. >> Is that true? Cuz that's your credit. Is that true? Uh uh my credit score has changed a lot as true about the payments
[01:22:03] made for years. We never missed a payment. brought in all my employees that were here and I asked if I made a change in if I would still be a good boss. They said no. So, he would actually not be a
[01:22:15] boss. And that's incorrect. >> He's not their boss. So, >> what? He's not their boss. She said >> so that wouldn't pertain to him. I don't they're opinionating on you, not him.
[01:22:28] >> Wow. >> I've never been opinionated on. >> Sounds messy. >> Like I said, um when the credit cards I've ever heard in my life. >> When credit cards got moved, that's when
[01:22:42] the problem happened. When the dates of the credit cards got moved, that's when continuously >> You said that already. I got you. I got you on that, buddy. I got you. Okay. Blue business. Wait, is this the same
[01:22:56] >> We have three American Blue Business. >> Oh my death. Okay. On here, $2,91.83. Minimum monthly payment 127. >> Interest no fees. New charges. We're
[01:23:11] Square paid services. That makes sense. We're not paying for that anymore now >> Good. Yes. Please cancel that. Interest is acrewing. Of course, these balances it's like the credit usage that is destroying your
[01:23:26] credit usage that is destroying your credit. Okay. Here's the the third blue. Okay. Okay. I mean, this is $24,000
[01:23:38] and $45.31 with a minimum monthly payment of $274
[01:23:51] so far. >> I thought we were only late one time >> It just turns out when we get to the big balance, you're just not paying it. >> Oh, >> that's when it got when the payment got
[01:24:04] one day. this year. >> Before that, we were making all three >> No, I'm saying >> you've missed every month this year.
[01:24:16] >> Listen, when they got moved, they were moved permanently. I got that. >> So that one day. >> Why didn't you then address that after >> So why is it missed every month this year?
[01:24:28] >> Thank you. >> Well, I'm saying we can't pay a big lump >> That's the actual answer. Why did you tell me it's cuz he moved the date? No, >> No, you're not listening. The thing is we moved the date. We already had these
[01:24:43] credit cards for years. We had the credit cards for years. I never missed a [clears throat] saying after he moved it, that's when it changed. >> When did he move it? >> What is it? 3 4 months. What? The first
[01:24:55] >> I don't remember. >> When did you move it? >> Um, I can't get an exact date. Three, three, >> Okay. Three or four months ago. So, we're talking March. And why was it
[01:25:08] April, May? >> We didn't miss anything then. >> It's buddy. It's been enough late fees to be every month this year so far. We to be every month this year so far. We probably got late fees, but it was paid.
[01:25:20] >> Okay. But you were late. >> Okay. Late. But it was paid. can't say 100%. But I mean, it's insane. It's going to be thousands by the end of >> We've still paid interesting fees. >> I didn't never miss I I never missed a
[01:25:33] payment. I didn't never say it was not late. I didn't never miss a payment. I made all the payments that was paid. >> Okay. So W >> Oh, that's a car note >> for the business. for the
[01:25:45] >> the car I got repossessed. >> The Sprinter van >> Do you have a Nissan Ultima? >> H Do you have a Nissan Ultima? >> No. >> Just making sure. What do you drive?
[01:25:57] vehicle. >> Camry. >> Dodge. >> Uh Charger. >> Hornet. >> Oh, am I missing something here?
[01:26:11] >> racism. >> Oh. so I mean you only owe Oh, you only owe 1,683 to get off your credit. Whose
[01:26:25] >> Always you, huh? >> It's always me. >> Yeah. >> I wish any of the burden fell on your >> I wish any of the burden fell on your business partner?
[01:26:37] >> I have nothing to say about that right now. The thing about this, I mean, just that fact is that if I had the credit to do it, I would I tell you the same thing. It was a couple things that happened with me on my credit that that
[01:26:52] >> You have a bankruptcy on it. >> Yeah. And that's what main thing >> Why did you declare bankrupt? because so my uh like I told you, I had 18 acres of house that I had and when I was getting
[01:27:08] out of from the property, you know, and I declared bankruptcy because the fact needed more time to sell to this other company. So I declared it. I didn't file I filed it, but I never went through it. I kind of just filed it
[01:27:21] property after that. I just wanted to stop them from what they were doing >> That's the Bank of America. That's the main business check. >> $511. What would you Hey, just objectively not a good boss, not an
[01:27:34] owner if you're if your bank account balance is negative for the business. >> Yeah. >> Right. you're a bad boss. Finally, she agrees with it.
[01:27:47] >> This is objective. This is just a number. This is an opinion. This is a owner if your bank account balance is negative. Thank you. Sake. We're selling our money. How? So,
[01:28:02] who are we selling? >> Um, that goes to what's that? Arcadia. >> Oh, yeah. Yeah. Yeah. >> Okay. So, inventory merchants. Merchants. I will say at least it's I mean business [ __ ] Verizon 2 206
[01:28:16] >> Verizon is our internet. >> No, I got that. But two 206 we were huh? >> Um, why is that is that I don't know why I say that of course we're getting
[01:28:29] overdraft like crazy. Um then Amazon. Amazon. You know Walmart and Spectrum overdrafts. >> Oh yeah. this? >> That's another credit card company.
[01:28:42] fees and interest. >> That one is >> That one is closed along with the three American Express cards because that one someone >> I'm glad you closed it so they can't
[01:28:55] >> Someone swiped it and then they just paid the business themselves. >> Yep. No, you should close every access to the debt that is under your name for the business. Time to learn the biggest lesson of your life. I Okay, I have some
[01:29:10] lesson of your life. I Okay, I have some advice. Kevin should walk away. >> It doesn't bother me. >> Oh, through it, buddy. >> Um, it doesn't bother you.
[01:29:25] >> I mean, it's I there's two things. My life is is ran in a certain way. can never do. >> I spent hundreds of thousands of dollars and I have 50% of the equity and you and if I walk away, you think it's just it's
[01:29:39] just okay. You go scot-free. You stole my money and ruin my credit score. far as in >> Do you persuade? You begged me I to wire you 50 grand to pay for the employee and the car wrap. I didn't beg you to do
[01:29:53] anything. >> Are you going to beg your stepfather or not stepar's father-in-law from for more inventory? >> I'm not going to beg anybody and ask anybody for no money towards nothing. I
[01:30:05] was going on with the business and you elevated to be able to put into the Appreciate it. I really needed that. This is going to help out with the business." Far as me begging, I have never be begged anybody.
[01:30:18] >> I counted 10 times I gave you money. Just cuz you you gave me money. >> Because you asked for it. >> I No, I Okay. >> The the word bagg hurts his pride for some reason cuz he has full main
[01:30:31] syndrome in my life. >> Yeah, that's a little >> Yeah, it is. None of us. We're just We're just beans that exist. >> Also, um how much was that wedding ring?
[01:30:45] >> Because it's right after I gave you the money. >> No. Oh, >> and you had the cruise trip and you have >> Cruise trip was free, >> but our personal things doesn't have
[01:30:57] any. Our personal things that we do never come from the business money does cuz everything goes through that. Please do not insinuate right now. >> Everything does not go straight right
[01:31:10] now. I have never spent anything cash app with the business personally ever. reliable person since you literally >> What the [ __ ] you say, man? And the people are listening. >> I've never I've never sat up there and
[01:31:24] literally pay yourself under the table. money. >> Pay myself under the table cuz I use my >> With how you do it? Yes. >> Because I didn't pay taxes on my tow
[01:31:37] >> You're not a reliable person. Well, your morals are questionable. utilize my tow truck. >> You break the law. >> You chose You sound like an idiot. That's what you sound like an idiot. I
[01:31:49] sound like a law because No, because you sound like you you're you sound like >> No, you're study patooty on some things that that I follow the law. If everyone follow the law like me, guess what? Things wouldn't be behind the law things
[01:32:02] country isn't what it is right now. And that's why things are way people like you who don't follow the law. >> No, because the fact is that did this, nobody does that. Nobody does that. No.
[01:32:14] >> Do you guys follow the law? Big law followers here. big fans of the law. when it comes to the law. >> Bias the [laughter] law. murder or steal nobody from nobody. Nobody. Period. Now, when it come now,
[01:32:28] to go buy something or anything like that or going to go work for something hundreds of thousands of people that work off books. Hundreds of thousands. make money. >> Buddy, because people do doesn't mean I
[01:32:41] >> Man, bro, you're bringing in with working off books. It's not the same thing. Just because just because it's breaking the law in one way and this way is not the same. You're talking about breaking the law between smoking and
[01:32:54] working off books. That [ __ ] sounds stupid. And you want to get fused to louder doesn't make you right. >> That [ __ ] don't mix. Being louder don't were the one being up and ringed at first, but you say stupid [ __ ]
[01:33:09] >> That could be loud if you want. That [ __ ] don't even sound right, bro. That [ __ ] don't even that don't even mix. Smoking and working off books are not >> Apples and oranges is not 100%. You're right. But if you're going to use the
[01:33:21] example because other people do bad things, I can too. >> Okay, he doesn't get it. It doesn't. >> No, because it's stupid. And that's why >> Am I stuttering? >> Come on, bro. You just stuttered.
[01:33:35] >> Oh my god. Huh? You can You can hear >> I don't remember stuttering. Maybe I stutter. That's okay. But just because other people do it doesn't mean it's >> Okay. I didn't never say it was good. >> That was the example you were giving you
[01:33:48] >> That was the example you were giving you is you're labeling smoking having to working off books. >> That's not the same thing. >> I think we're getting sidetracked. Um >> he's making it sidetracked.
[01:34:01] statements? >> Yes. Your example is weird, buddy. I don't know why you sat here and defended thousands of people do it. That's insane,
[01:34:16] thing. The same stuff and whatsoever like that. >> You mentioned it. How you going to say puts >> Because it's making you very upset. So I'm saying put it away.
[01:34:28] when people >> close the door. Let's close the door, it. Okay, door's closed. You're not scared anymore. Okay, >> I'm not scared. Okay, door's closed. It's just you don't calm down. Calm
[01:34:41] down. The door's closed. Okay, no more [ __ ] Door's closed. Hit close the home. [ __ ] Door's closed. Hit close the home. I get it. Door's closed. Okay. You thousands of people do it does not mean it's okay.
[01:34:55] That's a basic society exists because we choose to do good. Cuz we choose to be decent people and not break the law. >> Here you go with the law thing. >> Oh, okay. Yeah. You're still going with the same [ __ ]
[01:35:09] Why don't you care about the law? >> The basis of the law. Period. >> Yes. Why don't you care about it? >> You know what? Why? You know what? Just because you never broke the law and just because you're you're glad you're
[01:35:23] >> I'm glad I'm glad you never broke the law. I'm glad you never did anything. >> why would I do things that hurt society? >> I'm sorry that you know, a lot of people >> makes it okay. >> No, you know what? You're perfect in
[01:35:37] life. You did you you're evidently you are defending bad things. >> I'm not defending. I had to do what I need to do. I need that's defending it. >> Okay. I'm glad you're perfect. >> And you maybe you need to teach me how
[01:35:49] >> Did you learn a lesson? >> Okay. No, because that was stupid. >> No, I'm talking about >> if it wasn't for people that made >> You're safe. >> We'd have safe cities. I wouldn't need
[01:36:04] get a toothbrush. >> How do we make the money to be able to >> Okay. >> But you can't work for anyone. And I'm camera. Okay. >> I'm not surprised she said you can't get
[01:36:19] >> When did I say that? >> You just said he has to be his own boss. >> I never said he asked. I said he is. >> Said he ain't going to work for nobody. didn't want to do a black one. >> I am. So be racist.
[01:36:33] Brother, you have a lot of seductive things about life. >> bro. You can't understand the [ __ ] I'm saying. What am I? >> Yes. When you mumble, that's correct. >> Okay. Like I said, you have a lot of
[01:36:45] saying? >> Following the law. >> this is your business partner, Kevin. >> What's really happening in life, period? >> He literally said he doesn't care if he gets audited by the IRS. and he says
[01:36:59] if I walk away. >> It doesn't which I think is fair enough when on the onboarding conversation. >> He can't change people that want to walk >> And he can't change you. That's why he called you a fraud in the pre-in. And
[01:37:11] >> There's nothing fraud about me. >> He called you a fraud. I'm calling you a fraud. >> Call me a fraud because the fact is I'm >> why he's with you. I don't know. >> Because everybody know that I'm not a
[01:37:24] anyone. want the baby employees are still there with me and whatsoever like >> with you except for them not working with you because they don't them. I have a a big support team when it
[01:37:39] comes to my company. It comes to me and comes to everything that we're doing. I have a big support big support. >> Is this true? >> Yeah. I don't think anything he says will ever be able to be verified mostly
[01:37:53] BECAUSE IT'S OFF BOOKS. OKAY. YEAH, there's a late life fee on going on? >> That's another bigger credit card balance that was used for >> Let me guess whose credit is it on?
[01:38:07] >> Yeah, >> that's something we already told you doing a show right now. >> Uhhuh. >> I'm like keeping people up with what's going on and how you're a bad person.
[01:38:20] consequences on him and you have you're win. >> That's not what it's supposed to win. >> That is not the way it's supposed to win. The way everything is going is not
[01:38:33] >> Wait, what is he saying? >> That is not the way it it is. Man, oh my >> Need water. >> I'm good. >> That is not the way everything is supposed to be. Like all that stuff that
[01:38:47] >> Why is it? >> Because it we supposed to paid all that pay it off with SBA loan, >> guys. Those >> guys. Those >> we did not we did not get the SBA loan
[01:39:00] because we didn't know nothing about them not being able to loan to a Bank of America. What's going on? >> Um, that's another credit card. >> Should I trigger him real quick? Whose credit is it on?
[01:39:16] >> What? That's crazy. I've been giving you guys lots of compliment. All three of you are very attractive individuals. Congratulations. Good jeans. Well done. Okay. She's stuck on the Apple Watch thing. That's kind of
[01:39:32] her? No, >> she's starting to misbehave. >> We still running things. We have to keep running them >> on an Apple Watch. That makes sense with how these books look.
[01:39:50] $10,000 $7152 minimum monthly payment $1,75062 it's a disaster it's a [ __ ] I got to go on someone else's podcast uh-oh we've
[01:40:03] been filming a long time uh I mean I don't think we're going to solve anything here if we're just being if we're being completely real inc if we're being completely real inc $2,000 uh 183 minimum Late fees,
[01:40:16] interest, Inc., $18,936. Interest, late fees. No one's surprised. not a negative balance on here, even though the balance certainly went down. Oh, actually, return posted check. I return, post a check, return, post a
[01:40:32] transactions. >> Oh, that's wonderful. Why Why are we uh purchasing uh Teimu on our business? Ricky likes to purchase things on Teimu Amazon for workrelated. I don't know what they are, but uh
[01:40:47] It >> it ranges from anything. It could be >> It could be the grocery store. >> You say what? We own a food truck. >> Alligator tacos. >> That's the most popular one.
[01:41:03] >> Alligator, man. So, honestly, it's like the worst meal I've ever had. I'll be at least you cover it in a lot of season [ __ ] But alligator is just like it's >> It's pretty good. >> I'll try it. You cook it.
[01:41:15] >> Yeah. But after filming this, I don't know if I trust what you guys serve me, [laughter] but um I bet I bet I bet it's yummy. I mean, tacos are delicious. So So listen guys,
[01:41:28] tell me how much it's going to cost to spend. Like I can't make a budget specifically. What I will do, the guy, our fractional CFO, I will get him to look at everything and spend hours and give you guys the rundown. Something
[01:41:42] that cannot be done even if we filmed a 2-hour episode cuz he's going to have to spend literally like a few weeks. Okay? So, I will lend my fractional CFO. big deal and it means a lot. And you cannot be defensive.
[01:41:58] He's going to give you the real [ __ ] and you cannot be defensive. I just want to >> HE'S A MAN. HE'S A BOSS. >> THE THING IS is that I want to make this >> Me, too. Listen to the fractional CFO. He's going to work through your [ __ ]
[01:42:10] But here's the advice I recommend. >> I'm listening. >> Yes, sir. >> Kill the other ones that are not making money. Sell the assets you got. Throw them towards the debt. Whatever it is,
[01:42:23] you know, or just put them into the business uh checking account. Run the business uh checking account. Run the other ones lean, tight, all your energy. Focus on what you do best and what makes the most amount of money. Stop trying to
[01:42:36] >> People like you and me. Yeah. >> More entrepreneurial people, we get >> We see a business opportunity. We want to do it. This is a flaw. I have to stop shut the up. >> Yeah.
[01:42:50] you. >> You need to not get excited. You need to centers that do really well and are You're going to take the other money, invest it into that or just leave it on
[01:43:03] to go through bankruptcy. Man, >> I explored that option. >> It that is a very real potential. So, we can just wipe clean and these business profit centers we focus on. And you're going to run it all in QuickBooks.
[01:43:17] >> It's no longer hemp tide. So hopefully you can use something like Stripe or to figure out some kind of payment serer. But that's the reality. Getting food truck and party bus. You know >> there Yeah. This mess boo.
[01:43:33] >> I love that. Let my fractional CFO clean up the mess of what is happening in the cash up. He's going to need access to all this [ __ ] >> Cuz the reality is it's a mess that's impossible for anyone to look at in the
[01:43:45] What we focused on was just the party bust and videography for now. You know, we had we stopped doing the hemp because we didn't want to keep buying product and forth, that's why we put up a bunch of vehicles and we didn't really
[01:43:59] of vehicles and we didn't really >> it it it it really hurts me and it made me upset to lose the uh the Sprinter van that we we had that you know and and get >> I get it. >> But the motor didn't work and the
[01:44:13] transmission went out. Listen, I mean, I have to move on just cuz I have to go be on someone else's show here. We've been filming a long one, but sit down with my fractional CFO. This is a mess and there is a deep lack of trust here and it is
[01:44:26] not unfair that that is there. You shouldn't be involved in this [ __ ] I it all of a sudden becomes a 2v1 thing which is just strict disgustingly unfair. Focus on your own [ __ ] Let them deal with this. Get out of it.
[01:44:39] touch. So you're still a part of the business and you raise your you raise your opinions which makes no sense. So let them focus on the business. Sit down with my fractional CFO [music] hammer financial. I mean it might be the first
[01:44:52] zero out of 10. Get yours at caleb hammer.com. There's a lot to talk about get your thoughts on everything after this conversation. So join us in the of this episode and three premium shows every single day, 6 days a week. Check
[01:45:07] YouTube. It's up to you. Wherever you want to be. I'll see you in the post talking about the business? >> Oh my god, it's hard to get a hold of dodge his calls. >> I drive a bus.
[01:45:19] >> Why don't we do a bus tour? We maybe we ladies and gentlemen, this is the second part of the post show. Here we are on site at the bus. beautiful ladies on the side of it. This is a Gooner's Paradise Mark, right?
[01:45:36] >> Yeah. I just launched the brand new Hammer Elite app available on every show anywhere [music] you want. You'll get three exclusive dedicated shows Saturday. Refer a friend after you sign up and you get an additional [music] 30
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