I Bought Bitcoin At $1 — What Nobody Tells You About Making Money (Wallstreetbets Founder Exclusive)

I bought Bitcoin at a dollar. I'm buying Amazon. I'm buying Apple. Five years ago, there were a lot of people who made a lot of money that today are broke. >> Yeah. >> And nobody wants to talk about that. The money doesn't give you the attitude. The attitude gives you the money. >> So, how much does that like you believing in your heart? How much does that play in in terms of your success? >> Everybody who's interested in making money is at the right place at the right time because it's easier to make money today

than ever before in history. And if you don't understand that, you are brain dead. You have to plant the right seed and then it's harvest time. >> You were an early investor in uh crypto, specifically Bitcoin. If I understood correctly, you said you bought it at around a dollar. Is that correct? >> That's correct. Yeah. And I missed an opportunity. You hold on to it. >> I Yes, I did. I still have it. But the the thing is I blew the opportunity because I was told to buy it when it was at 50. And it's

really funny because back then I understood you listen to people that have what you want and have been where you are. You have to be teachable. I I I I was taught you have to have a high teachability index which is a Willingness to learn and a willingness to accept change. >> Most people today when I meet them sometimes they're in their 20s or whatever and they think they know it all. >> Yep. >> It's like how can you say that that you know it all? And I thought okay I was the same way when

I was 22 and 23 too. I thought I knew it all as well. And the old guys, you know, they were old. They Didn't know anything. And I'm the old guy now. So I I can I can relate to that. So I would just encourage people to say, you know, open be an be an empty vessel. Be open to learning. Have a willingness to change and a willingness to learn. >> That's really a key. And if you do, then you can listen with an open mind. I remember Bill Gates when he was talking about the

keys to success. At the time, I think he was one of the richest men in The world in the top three or four. And he was on the Larry King show on CNN. >> And Larry said, "What what are the tricks or what are the secrets to success if if there are any?" And Bill Gates said, "Well, you have to be at the right place at the right time." Now I would say that today factually documented and substantiated everybody who's interested make money in making money is at the right place at the right time because

it's easier to Make money today than ever before in history. Amen. >> And if you don't understand that you are brain dead there is something wrong with you. You know you you really have you you're you're like the town idiot or something. You know you're the dunce. It's easier to make money today than ever before in the history of mankind. You are at the right place at the right time. But then Bill Gates said something very interesting. He said, "But you have To see the potential in things." And most people don't see the potential. Think

about it this way. Every tree was once an acorn. Now, think about it this way. Every forest was also once one acorn. So, do you see the potential? If you're looking at an acorn today, do you see a tree? Do you see a forest? How big can you see the potential? That is the trick. When I was told, hey, there's going to be a market for something called home Computers. I said, home computers? Who the hell needs a computer in your house? I mean, you don't even need really a computer in your building. They built

US steel with with paper and guys writing, you know, ledgers. You know, what do you need a computer for? I mean NASA needs a computer, maybe a home computer. And the fellow sat down and talked to me about the potential and where this could go. Well, 90% of the people, including the president of of Digital Electric Corporation and the president of Wang Computers, which were the biggest computer companies at the time, they didn't see the potential of home computers. And this guy told me about the potential. First thing is I said this guy has what

I want tons of money. He was really happy really really rich and he has he was where I was. He was broke and just starting off. And when he was giving me advice I understood listen to people that have what you want and Have been where you are. So when he said you should invest in this little company called Apple, >> I thought first off what a stupid name for a computer company. It's a piece of fruit. What is that? >> Forest Gump bought it. >> Yeah. Yeah. Yeah. what is what does fruit have to

do with computers? And he said, "Apple." So, I bought Apple. Fine. >> Same thing when the guy said, "Kevin, the internet is going to explode. There's a company that's selling books online and they're going to dominate the marketplace. Books online, you can go to the bookstore, you can meet the author, you can listen to the author, they can sign a book." Why would people buy books online? It's going to be huge. And why would I invest in a company that sells books online? That's just the start. it's going to sell everything. That's insane. People want

to pick up and hold The product. But again, I was listening to somebody who had what I wanted. He had a bigger vision than me. So when I was told that, I thought, "Okay, Kevin, think think. Okay, I'm going to listen to him." So I invested in a little company called Amazon. Then I was told about something called the browser. Remember Netscape? >> So does Elon Musk when he got rejected from >> Yeah. And and I'm and see the point is can somebody see the potential in things? A fellow came down to me and said

this was the best one because I was no this is not going to work. He said Kevin there's a disc. It looks like a little mini uh satellite dish and everyone's going to buy it, put it on their roof and they're going to have 500 channels of television. It's called Direct TV. And I said, "You're insane. This is And why would people pay for Television when it's free? >> I mean, you you put the rabbit ears up, you put the antenna up on your roof, you watch television. And who the hell watches that much TV

anyway? You don't watch that much TV. You're out. You're at the bars. You're you're you're out doing things. People are outside. No one's sitting home in front of a television. No one's going to want to watch 500 channels. That was my argument. And he just said, he goes, "You don't see the future." And I said, "Okay, what's the name of the company I should invest in?" Direct TV, you hit those four. >> Yep. >> And the Bitcoin at a dollar. >> Yep. >> You do pretty well. So, and it's based on being at the right

place at the right time, but it's also based on seeing the potential in things. And that's where I I would encourage people, how big can You see the potential? And are you listening to the right people? >> Yeah. And I'm I'm going to either challenge you or uh make you realize that you forgot the one that's conviction, right? And uh I and I realize this can go on forever because for every question that I ask rather than getting more closure I get a hundred more questions that come to my head which is wonderful. So uh

but I do want to point out a few interesting Things that that were implicit. Uh this idea of saying having the self-confidence to admit to yourself that you know what you don't know or you might not know what you don't know. Right? Uh the reason why I asked the question wasn't just like oh how rich could you get or what was your multiplier effect the question was uh geared towards how much conviction you're saying look I'm going to copy I want what they want I will do what They do I will uh do what they

say whatever it might be not a lot of people have that conviction of pull through I would venture to guess that the overwhelming majority of early Bitcoin investors would not have had the conviction to hold on. You know, when it goes from from a dollar to 300, that's that's just insane. But the the uh the idea that you were planting early on to me hits really straight home. You have People that go into what you could consider a debate. Uh and it is actually nothing that resembles exploring a concept. It is let me defend my

identity. It is an argument where you have your ideas. I have mine and I am not moving from this position and if you attack it I feel personally defensive and so my idea and so there is no more let me I'm suggest I'm open to suggestions and the best instance that I can think of once again I translate Everything to traders the the the famous uh book trading for total something they had the Eddie Murphy movie was like um the homeless guys I forget the remember trading places >> there you go you know it it

was that that that movie was bas on reality. You take a bunch of people that don't know anything and you say, "Hey, you don't know. Just follow these rules and they outperformed traders simply because they said, I I'll do as I'm told." Right? And I believe that what you're telling me, right? And that that's what's leading leading me to this next question with regards to conviction in trading. I can tell people how to trade and odds are they will fail because they won't actually follow that advice because they don't have the conviction the self uh

or the the belief that they'll doubt themselves. They will not execute simply because of their own blinders. How much does that play into either leading to Success or people that were on the path to success building their own imp like being their their worst enemy, right? Being their their biggest risk. >> Well, first off, you're 100% correct and I'm going to give people the the solution to that. But I'll tell you a funny story first. I uh am banned from uh from playing blackjack all around the world. world. I'm in the Griffin book because one

of my first companies was The American Memory Institute which was became the largest memory training school in the world. So I have a photographic memory. I was on all the talk shows and I would remember everybody's name and do all these memory demonstrations. And then I met a guy named Bobby Singer who was a world famous blackjack player. So I used Bobby's method plus being able to remember all the cards and I would do very very well in the casino. So I got Banned. I mean I was in the Griff Griffin book. So I said,

"Okay, I can't play blackjack and I get that. So, I'm going to figure out how to win at Bakarat. So, I I used this incredible algorithm and figured out the Bakarat system, something nobody else had done because they said it's impossible to beat. It's virtually a coin flip. And I figured out a way to make money in Bakarat. So, for a year and a half, 100% of the time, not 99, 100% of the time When I go in for the day, and Danielle just saw this recently, I would say, "Okay, I'm going to play. I'm

going to make money. 10 units is my number. Okay? If you're a thousand bucks a unit, that's 10 grand. And in 15 minutes, 20 minutes, an hour, boom, you make the number every single day. Did this for 18 months. And then I got a call from Steve Win at the Win Casino. And he said, "Kevin, you've drilled us. You've made millions in the Bakarat. You have a System that quite frankly I've never seen before, and I don't even understand it, but it clearly works. I want you to teach this to my gamblers at all of

our win properties. I'm going to pay you a fortune to do it. I said, "But wait a minute. You just told me the system works and I drilled you and made all this money. Why would you want me to teach it to your gamblers?" >> Yep. >> He said, "Because they're degenerate Gamblers. They won't follow the system. >> They will sit down. They'll start it and use it for a little while. Then they'll have intuition. I got feeling. and then they'll and they and I'll take all their money. So what you said is 100% correct.

So the question is if there is a simple method just follow this and there is for example in cryptocurrency which we're going to talk about just do this just do this just do this most people can't and why because they have self- sabotage Counter intentions in their in their mind. I'm not worthy of making lots of money. And what happens is when they start making a lot that kicks in. Wait a minute. I'm not worthy to have this. So they self-sabotage it and lose it all. They do stupid things. So you have to correct your

self-image about how you see yourself and get rid of these self-sabotage counter intentions. So I'll tell I'll tell you another story about this. For example, I was in Australia. I was part of the world masters of business. I was pre traveling with my friend President Gorbachoff and his wife. He was the past president of the Soviet Union. He's passed away now. And I was with Renee Riiffken who is the second richest guy in Australia next to Carrie Packer. He Carrie Packer's passed away now. And Renee Riiffken was a >> relation to James Packer. >> Yeah.

Uh Carrie Packer was James Packer's dad. Okay. >> So Carrie was the guy who made all the money and then James is the son. >> And Renee Riiffken is like the second richest guy in Australia. He has got the biggest yacht in Sydney Harbor with a helicopter on it. He's got 60 luxury cars that he all paid for cash and you know he bought the cars and he has you know this big huge entourage and mansions and he's super rich and a cool guy. >> Yeah. >> So he was on the program and we met

each other and we went into business together. He made all of his money trading stocks. He was a stock trader. This is really before crypto. This is in 1999. So he was trading stocks and I would sit there on the on the yacht with him because we were partners. So we'd be on the yacht every day and he got his little little device there. this is before uh you know the iPhone and all that stuff. So he had this little like Pager and he's and he's trading and he's getting some information. He's making a trade

and sometimes he would trade something in the same day. Sometimes he would buy it and trade it in a week or two, whatever. And he had a newsletter that he sent out via email. So it had >> okay >> and he told people this is the stock that I bought and at this price and then every week he would send this out and he Goes and this is the stock that I sold and I sold it at this price. So if you just simply when he said I bought this stock at this price bought it

and when you sold it when he sold it you'd be doing exactly what he would he's doing right and we're talking not penny stocks it was like quantis airlines I mean legit you know big and he would make 10% here 5% here and boom boom boom little by little not like you know a 10x or 100x score he'd make these very Consistent things and he would made a fortune >> y >> and anybody body who followed this made money every single because he was making money all the time and you were just doing the same

thing that he was. But then we had the people that started doing their own thing that were smarter than Renee and they didn't start following the system and then they they faltered. So if there is somebody who's Making these moves, like in my case, Kevin, I'm buying Direct TV, I'm buying Amazon, I'm buying Apple, I'm buying Bitcoin at 50. That's when I blew it. And that's what I never stopped listening after that one. When it went from 50 cents to a dollar, I said, "Can I get it now? Is there still room?" Kevin, you're going

to hold this for 10 years. >> Yep. >> You're going to hold it for 10 years. You are not going to sell it. Promise me you won't sell it. No. Don't even look at the price because when it goes this and goes this, you're going to want to kill yourself. Don't do it. >> Okay. So, you listen and follow a system that works and you follow somebody who's winning. >> Yep. >> Just get on their coattails. The person's winning. Andrew Carnegie built the largest steel company in the world. JP Morgan, that's General Electric. I mean,

he owned electricity. John D. Rockefeller owned oil. All you had to do is just get in their coattails. And people like J. Paul Getty, who became one of the richest guys in the world, just followed Rockefeller and said, "Oil? What are you doing, JD?" Okay, I'm with you. And then they make a billion billions. You don't have to reinvent a wheel. >> Just follow a proven pattern for Success. But even more than that, >> follow a winner. >> Get on a winner's team. >> Yep. >> If you are on the team of a winner, oh,

Tom Brady, he's a winner. I want to be on his team. Y >> because that guy wins. Oh, Michael Jordan, he's a winner. I want to be on his team. Y >> get on the team of a winner and then they'll You don't have to be the guy. >> I didn't have to be the guy. I just had had to be on the train. >> The train's going someplace. >> No, that's that's uh once again a lot to unpack there. But uh actually speaking of pack uh bit of trivia, Rat Pack, the the movie studio.

The reason why I asked you about James Packer is the rat pack. Uh that is a combination between Ratner and James Packard Rat Pack. Um I found out that during uh just serendipity, but no uh yeah, there's there's there's a Lot to be said there, but there is one thing that I'm going to challenge. So, as I personally was, hey, I want to learn how to get rich by clicking buttons on the screen, right? What I call like the thumb trader version that you literally just alluded to. Uh it's it can't be that hard. It's

a video game, right? This thing is moving up and down. And I'd be in this chat room with professional, successful, proven traders. And I said, "Hey guys, just Tell me what to do." And they said, "Well, I can tell you what to do." Similar to my previous question, but you probably wouldn't do it, right? But I said, "Fine, fine, fine. I I'll just I'll try." Right? So, uh, humor me. And these the three traders had very different systems. One was a quant uh trader that would use statistics and mean regression and math. The other was

a technical uh trader which would use technical analysis, you know, uh drawing Lines on charts and whatnot. And the third guy, this was, you know, about 15 years ago when the information was slightly slower, so slight uh um getting information slightly ahead of everybody else was edge, right? a competitive advantage, which means he was subscribed to uh like $20,000 a month to get the wire, the breaking news, >> right before the new. So, right. So, so you he had 10 seconds on the actual news, including uh decision, rate Decisions, like the interest rate decisions by

the Fed. And so, I said, "All right, um uh sometimes we disagree." And I said, "Fine, you guys don't seem to agree, but you're good. Just which one do I follow? I have a great idea. I need to pick a winner uh and I will just copy whatever it is that you do. And they said to me, that's not good enough, but we're going to prove it to you. And I said, fine, let's set it up so that we on a interest rate like on A Fed decision day, you know, the Wednesday quarterly, we will

tell you ahead of time what our trade is based off of our system and then we will execute the trade and then we'll all are all all going to make money. And I'm kind of like, I think what's going to happen is two of you are going to lose and one is going to win because one literally buys and shorts simultaneously to do mean regression. The other guy said, "No, I'm telling you right now, I'm going to short when it hits resistance." Right? And then I'm going to take my profits here where it hits support.

Uh, and the third guy says, "I don't know what I'm going to do yet, but I'll tell you 10 seconds before I do it." Right? Because, uh, all right. 1 2 3 go. So you have one guy that's turns out long meaning bought like buy low sell high the other guy short opposite and the other guy did both. All three of them within 15 seconds made six figures And I thought to myself I don't realize if I'm allowed to say that but you can believe it. uh this is harder than I thought. And they said,

not only that, uh even if we were to switch spots, trading places, we we're not very likely that we can copy each other's system, it's because we have the conviction to hold on to Bitcoin for 10 years, >> right? uh h you know h how much of even if You're told you have to just continue because Bitcoin did go to 20,000 to three to whatever to whatever right that roller coaster what makes money is that conviction on top of just picking the winner right >> so how much does that like you believing in your heart

so you can make like how much does that play in in terms of your success or in general. >> Yeah, there's there when it comes to trading, there's really as you just Mentioned, there's really two basic ways, right? One is an investor strategy, one is a trading strategy. >> Y so that's those are two different dynamics. And then the third one is an active investor. >> So it's kind of in between. So you're not trading every 15 minutes or something, but you're also not holding for 10 years. >> And so there's a combination. And and

at the end of the day, I would encourage People don't really unless you love it. Trading is going to give you a heart attack and you know ulcers. It's really really hard if you're if you're day trading every 15 minutes because you're looking at you're you're looking at you losing money on trades and for a lot of people that's sickening. >> So that could be hard for a lot of people. I think only a small amount of people just like a small amount of people can be salesmen you know that Love that because most people

can't deal with rejection. Yeah. >> So, a small amount of people can be traders. Investors, if you invest, don't even look at the stock, you know, cuz if you're investing in something and you're holding it, who cares if it goes up and down cuz it will. You didn't lose money or make money. >> Yeah. >> It's when you sell it. >> That's when you realize your profit or Your loss. What happens in between means nothing. And then the active investor is really an excellent way to go. But in direct answer to your question about conviction

or belief, it comes with self-image. Are you worthy of success? Do you expect success? And if you do, if you think you're good enough, at the end of the day, what I just told you is the secret to success in life, in anything, whether it's making money in cryptocurrencies or investing or a Business or whatever. Do you have belief in yourself? Do you think you are good enough? Most people don't think they're good enough. I'm not smart enough. I'm not good-looking enough. I'm not a good enough communicator. I don't have the right friends. I don't

have the right connections. I don't have the right education. So, there's a whole host of I'm not good enoughs. Right, Dennis? I'm not worthy. Like, I didn't come from the right family. There's almost like this In your DNA. I'm I'm I shouldn't be in the room. You know, there's all these very wealthy people. You know, I'm not worthy to be here. You know, why am I here? I I'm not good. I'm not one of them. So being feeling this worthiness of are you worthy of success? Are you worthy of money is a mental state or

an attitude that's going to make all the difference in the world. So that's very critical. If two people do exactly the same thing interesting enough in let's Say marketing or business, one person succeeds because he believes he can succeed and the other person doesn't because he believes he's going to fail. He doesn't believe he's going to succeed. That energy, now we get into the esoteric, mystical, metaphysical parts, but that energy does absolutely have an effect on results. >> Yep. >> If you believe you can succeed, you will. But what most people do is they Have

a failure disease. >> Yep. >> That failure disease is called excusitis. >> Yeah. >> Okay. And it is it you you know losers are always good at one thing, >> making excuses. >> Winners don't make excuses. They take responsibility. >> One of my favorite lines from uh one of my favorite movies was from The Rock and Sean Connory says, "You're like, I'll do you ready?" He's like, "I'll do my best to to uh Nicholas Cage goes losers always want about their best. Winners go home and f the prom queen." >> Yeah. >> Um no, this

is actually good, but uh I I I have to call you Well, not call you out, but I'm overly analytical person. you've contradicted yourself. Uh, and it's actually not a contradiction. You've actually laid out two sides of a spectrum. And I'm going to ask you first, I'm going to lay out that the the the foundation from it. On one side, you're saying people don't believe in themselves. They don't have the self-confidence, excusitis, whatever it might be. And they're there. They're sabotaging themselves because they're placing that mental barrier that says I cannot exceed this glass ceiling,

whatever. On the other hand, we started This conversation with saying you need to be humble, open-minded. You need to accept the fact that you are malleable and you don't know everything, right? And then you run the risk of the Dunning Krueger effect whereas you think you know everything, right? Uh and so so but but without introducing that one there. So I'm going to put the I'm humble. I will listen to whatever you say. I know nothing and I'm willing to be open-minded and because I'm not not that I'm not worthy because that's where that's where

that's why you're not contradicting yourself. It's because there's a fundamental difference. It's I just don't think I got it and and I'm open to listen. And on the other end of the spectrum is I'm worthy. I'm self-confident. I know what I'm doing. So, it's on a slider scale. I could add a third dimension, but I'll just leave it on those two dimensions. Where's the sweet spot? >> Good. And the answer is I was just with a guy on the ship. I I I took over an entire cruise ship, Norwegian Cruise Line ship, the Pearl, for

an entire week for members of my private club. So we had 2,200 members on there and there was a lot of VIPs there. One guy was a really large distributor in Amway, you know, the multi-level marketing company Amway. >> And when he got in the business, he said, "I didn't know anything, but the Guy who sponsored me was making millions of dollars in Amway." So obviously this guy knew. >> And he said, "Kevin, >> I decided I was going to be the best student he ever had." So his confidence was his inability to be the

best student. So that's where he had his confidence. He had confidence and belief in his sponsor and he had confident belief in himself being able to learn and be the best student and apply what He was learning. So there's your sweet spot, right? So at some point now he has confidence in himself being a right. But first you start with confidence in being able to execute the plan given to you. Y so it's like I don't I can't do it myself but I can I can execute. I can really be the best student. I am

going to be the best learner. I am going to be the most open. And that's confidence. That's power right in yourself >> versus I know it all. And it's okay. But At the end of the day we don't know what we don't know. >> That's correct. >> So we're always in a state of learning. I had a guy came into me one time. He was trying to get a sales job. And I said, "Um, so tell me about your sales experience." He goes, "Ah, I have 15 years of sales and marketing experience." So I talked

to him a little bit. I said, "By the way, you lied to me. You don't have 15 years of sales and Marketing experience." He goes, "Yes, I do. I've been in the sales and marketing world for 15 years." I go, "Yeah, but you have one year of sales and marketing experience repeated 15 times. You stopped learning after the first year because you knew it all. you haven't learned anything since. People are the same way. So, we have to always be open. I learned things last week. I'm always learning. I'm always open. And when it comes

like crypto, I don't know. I'm not a crypto expert, right? I'm not an investing expert, but I seek out people that are. That's their love. That's their business. And what they do is, as you know, there's two types of ways people get involved in either cryptocurrency or investing. And you mentioned them. One is the chartist. >> You know, let me look at the chart. Oh, it it hit this level. Here are the numbers. That means it's going to go down. That means it's going to go up. So, you're looking at a chart. It doesn't even

matter what the company is. It's just a graph. And you're a chartist. And I have a friend of mine who's dying right now, but he's he's old, but he's made billions of dollars doing just that. And he was a chartist. He's always talking about the chart. He doesn't even know the name of the company. He's just looking at a chart. >> Then my other friend who's also made billions, he does the exact opposite. He Looks at the company fundamentals and he's looking at the company fundamentals, but not just the company fundamentals, but is this a

company that the investing world is going to be interested in? Because if you have the best company fundamentals and best balance sheets, if you don't have investors willing to pour money in, the stock ain't going to go up, right? So, he has to look at those two three dynamics. The company fundamentals, is There an investor interest in it? And thirdly, is the market going to take those company fundamentals so that the company can actually grow and expand. So here's looking at all these dynamics. Plus, there's another one he always says, and that doesn't even matter.

What matters most, who's running the company. I have to pick on I have to bet on a winner. I need to make sure that that chairman and that president and that executive team are staying and that They're winners that they because I bet on winners, people, not just the numbers. So this guy and he loved it, but he would spend all his time. So with cryptocurrency, it's really the same way. There's a lot of crypto experts out there that are chartists and blah blah blah blah blah. And I think based on what I've seen and

my history, and it's not just something that I think, it's something that I know is true. >> Yep. >> You can make money in all those areas. You can also lose money, but the one that you'll lose the least and probably make the most >> is if you're finding somebody who's looking at the fundamentals of a crypto, let's say, >> is there a technology underneath it? >> Are there billionaire guys in the crypto space interested in it? >> Who's running the thing? Are they are they, you know, smoking dope all day Long? Are they high?

Are they doing, you know, ex seriously? you that that's a serious thing, you know, that's like, you know, you want somebody who's a little bit sharp, right? Who want, you know, get got some intelligence, a high IQ, and also is, you know, got their got their eye on the ball. And is there uh a economic world coming where this technology beneath the crypto is going to tap into? And if you look at all those factors and That person says buy this, you got a winner. just recently. Um, you know, I'm a big promoter of Keystone.

Yep. >> And Keystone's newsletter because I found that guy, you know, with with the with the founder, Iman. >> Yep. >> So, he says, "Yeah, there's a stock, not a stock, there's a crypto coin that I know the owners, I know the people involved. I know the people who are interested in it in investing in it. I Know the underlying technology, and I know the fact that this technology is going to be used in the marketplace because this is where it's going." That's a huge amount of time invested in research. I don't have it. And

he says, "Buy it. I would I did." He goes, "If you want to do what I'm doing," Yep. >> I just bought it 30. Okay. And then he says, "Hey, it's at $5.50. You should consider selling some of it. It's still going to go to 13 or 14, but You may want to take some profits." >> Okay. I mean, so that's what you do, I think. Sure, I can do all the investing, but that's not my business. That's not my love. That's not my passion. >> Yeah. >> But if you follow somebody who's doing it,

it really becomes paint by the numbers. >> No, you know what's I could be talking about tennis right now and I could apply it, right? So, I'm speaking, you know, To every to to the guy with the hammer. Everything's a nail, right? We're able to see these things from our own through our own lenses and apply it to whatever it is that we do. uh which is why the language that I'm speaking is being uh uh sorry you know when you're answering these things I'm translating them into into the world that I intimately know mechanically

right so when you said for example do they smoke dope I was just the first thing that came to mind I was Like I'm pretty sure SPF like same bankman freed FDX guy pretty sure there was like a lot of drugs in his place when they you know like so so that's kind of how I'm that's the filter that it's going through right and and I'm I'm validating your points as you're going through it and and you made Another very interesting point is I like to relate it to my own personal history. In other words,

when have I made certain mistakes or when have I uh been able to do what You did? Uh I when it comes to crypto, I'm an you know, I'm an engineer, computer engineer, programmer, a technologist. I understand when Bitcoin first came out, I and I'm also an economist, right? So I studied do dual major in both. uh I understand both how algorithms work, cryptography works, math obviously for engineering and I also understand economics, the concept of uh money, the properties that it requires, the scarcity, the demand, Whatever valuation, the sometimes abstract. When Bitcoin first came

out, I was like, well, this is a really cool idea. I checked out the white paper. I checked out the math. I was like, this is actually a work of art. But then I turned my like I I turned my chair back around to go back to my stock options. Uh because I said they're up against a pretty, you know, big adversary, which is the world. Uh not going to they're not going to make it, right? There just When when you're up against governments or whatever, too bad because it is beautiful. Uh that assessment was

correct at the time. And then I then then all of a sudden it started becoming more of a buzzword. I'm like, "All right, fine. I'll start mining it." And I did start mining it now. and then I lost, you know, the keys to the kingdom. But I don't regret it because I also know that I would not have had the conviction to hold on to it. I know Myself, I've already I've already done it so many times with stocks that like, you know, so I don't really regret it. Uh, but what I do know is

it was such a technically difficult barrier to entry early on to to be able to just purchase Bitcoin or buying it >> that I said it's uh uh still not interested because government like you know it's not going to make it. Government's going to go after it. Barriers of entry it's it's very limited As to how much it can reach. Uh, and there's just definitely not enough liquidity, you know, like it's vulnerable to all sorts of different things. My mistake, and I was right about all three of them. Uh, I continue to that that still

continues to be true. Uh, my mistake was not re-evaluating, not willing that that first lesson like you alluded to, I learned once and then I did stopped learning type thing. I didn't re-evaluate my stance. Uh had I Done that, I would have realized uh what I realized in 2021, and I openly admit this, the that my mistake wasn't getting it wrong. I my thesis was right. My my my mistake was making sure that it continues to be the case and and not saying, "I've decided this once, therefore, forever it shall be the truth." Um, but

but I want to pivot slightly towards >> Well, let me let me just jump on that For a second because what you just said is so so critically important when it comes to mindset. >> Albert Einstein and Hawkins, the guy who just passed away. Yeah. One of the the smartest people in the world, both said the same thing. They said, "When the facts change, I change my mind." What about you, sir? And that's exactly what you said. We come up with a decision. We come up with an opinion. We we choose that this is What

we believe. But when the facts change, we don't look at those changes in circumstances or facts. We just keep our choice. No. When the facts change, change your decision because you may say, "No, I'm not going to invest in that based on all these factors." But then five years later, it's like the factors are all different. Now I will. Not not only that, five years later, like at that point, have I already committed my identity to that decision? Correct. >> So, am I now defending it? Is I'm still right? I was going to take this

is the this is the hill that I die on, right? Because I've now made this announcement publicly and I can't change my mind because God forbid I'm wrong, right? >> Uh or or I change my mind. Uh and it's it's it's selfesteem almost. >> And the media attacks you if especially if you're a politician, you're flip-flopping. 10 years ago you had this Position and now you've changed it. Well, that was 10 years ago, you idiot. Of course, I've changed it now because the circumstances are different today than they were back then. Back then, that was

my position and I absolutely was correct in my opinion at that time. But now the facts have changed. And like Steve Hawkins and Albert Einstein, when the facts change, I change my mind. >> No. And there's lots of exact like Jordan Belelffords who who I know well, You know, actually I'm not even going to name names. There's tons of people that were that have changed their stances, right? People that are public figures that don't care what anyone says. They have the self-esteem to say you were attacking me for you called a flipflop. Is that supposed

to be an insult or you mean like I simply evolve, right? You know, I'm changing with the circumstances. But here's a question. So, the word money has been mentioned Over and over again. Obviously, you know, me from from the uh frame of reference that I have in years from yours when I was young, I was like, yes, the answer to success is money. Uh but as I've grown wiser and older, uh I've realized it's an instrument. It's really not a destination, right? It is a a uh uh it's either an obstacle or a facilitator, right?

It is a it is an instrument that you're able to use it. and and prior to the interview, you just Mentioned just enough for me to to formulate this question. I've some people call it failed. Uh I I failed at a lot of things, but I've learned from them. So there weren't failures, right? The they would have been failures had I decided to just move on without re-evaluating what I did wrong. I've learned from involved and move forward from it. uh and I've done and I've failed more often than I've succeeded or if you want

to use a sales uh analogy Which you touched on the rejection right you need to get every rejection is what like step closer to and except you know there's a lot of people that can relate in their own fields uh what I found um interesting is that when I didn't have my eye on the money right when all of a sudden I cared about the thing or the hobby is when I quote unquote because I didn't care about failing almost and maybe maybe I'm actually answering my own Question uh is when I've been the most

prosperous and I I want to say the word prosperous because it came along with money. If I said I want to go from here to there and my actual success was getting here, turns out that I end up making a ton of money on the journey because it wasn't part of the equation. But when I was going for money and so my question is uh you know is money you is it the money that defines the success? What is it about the money That is so attractive to people? Right. We know there's a lot of

room for interpretation here. So, I'm going to let you >> Well, you you hit a lot of points there. So, let me address a couple of them. Number one, >> the journey is the reward. And that's what people have to grasp. They always think this. They think when I attain this >> y >> then I'll feel good. >> Yep. >> Or then I'll be happy. Net nada. No, that's not how it works. You got to feel good now. >> You did know Gorbachev. >> Yeah. >> You got to feel good now. Don't think when I

get married, when I have kids, when I make a ton of money, when I get the yacht, when I get the the the private plane, when I get the Lamborghini, then I'll be happy. No, you got to be happy. Now, the journey is the reward. Success is a journey, not a destination. When you get something, your state, you think it's going to change, and if it does, it'll be fleeting. And then you'll always be looking for something else because you'll never feel fulfilled. >> Did Disney trick me? There's no happily ever after. >> There's no

happily ever after. >> There's no end to the movie. Okay. No. So that's that's number one. Number two, you talked about failure and failure we we call it losing, right? So we either win or we lose in life. Well, no, you either win or you learn. >> Y >> and you said that. So when people think they have a failure or loss, they try a business and they fail. No, you didn't fail. You didn't lose. You learn. You learn from everything. You listen to the Great great great athletes, whether it was Tiger Woods or LeBron

James or Michael Jordan or Tom Brady, they all say the same thing. When they lose, that's when they learn the most. >> Everything you know at the top, you will have learned at the bottom. And then if you look at the greatest entrepreneurs of all time, whether in in today's modern world, you got Steve Jobs, you got Elon Musk in the in the older days, J. Paul Getty, John D. Rockefeller, Thomas Edison, Tesla, Nicola Tesla, uh Carnegie, Vanderbilt, all these old guys. There's there's great documentary series on on History Channel, The Men Who Built America,

The Food Who Built America. In every single case, without exception, whether it's Schlitz Beer, Paps, Blue Ribbon Beer, Bug, every company, Craft, Food, Mrs. Fields, it doesn't matter. Guess when they their businesses exploded and blew up. When they had an absolute failure and Catastrophe in the middle of the worst possible close to bankruptcy, that's when they figured out what was going to make them the rich person. In every adversity is the seed of a greater benefit. >> Yep. >> Every single time the two railroads which which carried all of uh Rockefeller's kerosene decided to screw

them over because they they were the only two railroads. So they got together And told Rockefeller, "We're were we're were we're were whacking the price up three times." Well, now Rockefeller was virtually broke, almost making no money. He couldn't do this. But they knew they had him over a barrel because they he couldn't do anything in that adversity. That's when he said, "I'm going to win." >> See this winners win, right? And so he looked around. He was and he tells a story and everybody tells a story. He was depressed but mad. He goes, "They're

Not going to beat me. I got to figure this out." And he's walking around his refineries and he's looking and he says, "Wait a minute. My oil at these refineries goes from here to here in a pipe. >> Yep. >> I can build a pipe across America. I don't need their goddamn railroads." And that was the first pipeline. And the pipeline advertised out was like a third of what they were normally charging him Even at the low rate. So it increased his profits like 10 times. It was out of the adversity. Y >> the challenge

came the seed of a greater benefit and increased his profits. And then when the government went after him to break up Standard Oil, the monopoly, it was a catastrophe. No, he had stock in the 36 companies that were in the breakup. And the next year he was worth five times more. >> So the government increased his net Worth by five times because they tried to crush him. >> And every adversity is the seed of a greater benefit. This is a mindset. This is the winner's mindset. This is the champion mindset. When it comes to making

money, you combine mindset or call attitude. >> You combine that with a method. And there's a lot of methods out there. I think today based on everything I've seen, one of I know not think I know Today one of the best ways to make money both short-term and long-term is in the cryptocurrency space and also the investing space. But cryptocurrencies, the alternative coins, the ones that have a platform of a technology and a team of winners, it's almost like their destiny is to become super rich. Those are the those are the coins that you buy.

And if you know when to buy them and when to sell them by somebody who's spending and his team spending virtually 24 hours a day, seven days a week with all of these people, you could even, you know, if this was the stock market, it'd be like inside information, right? Because they know everything, but it's not. So they just know stuff and it is public, so it's not illegal. But when you have somebody who's in that space meeting with all these people in Dubai and the Cayman Islands and they're and they're hanging around, they know

stuff that the average person doesn't know and When they say buy this coin at this price or sell this coin at this price and you just follow them. >> Y >> that, you know, that's what the Keystone newsletter does. It to me it's it's paid by the numbers. It's so simple to make money today. It's easier than ever before. >> Yeah, it it is. It it is, but I think that there's there also needs to be a layup on a on a uh if I use the word Technical, I might invoke the wrong vision, but

you have an overcrowded over. So, arbitrage is a means to fix an inefficiency, right? So, it's like, oh, there is a pricing error or whatever it might be. There's an opportunity, right? I'm going to buy this thing because nobody's noticed. Now, the price is corrected. I made money based off of that, etc. uh the the traditional finance is I mean high frequent like colloccated computers is now the Competitive advantage the physical proximity whereas the tremendous amount of let's just call them straight up inefficiencies that can be exploited are out number so I agree uh and

there is a uh a lot of opportunity but also to this theme of this conversation you people that don't know need to be able to discern the signal from the noise, right? So, you they've heard a lot of words right now that makes them feel good. They said, "Okay, they said crypto And they said follow me and they're going to go out there and go buy like just whatever memecoin comes out there tomorrow because they might not have gotten the right message or might not have executed to some extent. They they they do need to

have some sort of uh uh guidance, right? uh to help him be able to to make through uh this filter and and and yeah to that extent also begs the question of right now up until this point it's been A binary thing right it's either you're a professional trader investor speculator gambler active whatever you know this is what your your profession is or you're a doctor or whatever you work at whatever it is that you do and you happen to want to grow your wealth right as either a safety net or whatever it might be

you you know you don't have to pick one or the other and uh the amount of time that you want to dedicate towards it is is proportional so I guess This this question is and I'm going to actually state this with authority that most people that wants to be traders will fail because the math says so I'm not going to justify it I can write a book about it but it's the fact uh so therefore it's not necessarily really for everybody, but it doesn't mean that nobody should participate in wanting to build wealth. They can

be good at whatever they do and simultaneously uh be guided, right? They don't have to Spend all their extra time reading books. You know, what would be your advice or what would you do? Where what would the sweet spot be for someone that doesn't want to drop their thing full-time to look at a screen all day? >> Right. Well, number one, I don't recommend that a person become a full-time trader because it's a very small percentage. Maybe 1% of people that even get involved investing have What it takes mentally and emotionally. >> Somebody use those

two words instead of the one that most people think matters, which is knowledge. >> Yeah. Yeah. No, no, it it isn't, right? It's it's the it's the emotional strength. you. There was a great interview by Tom Brady and he's talking about how these fivestar recruits are coming out and they're all fivestar recruits based on the numbers and he said no because the national Championship was just won by Indiana that had eight fivestar recruits and their opposition had 50. Y >> so what's the difference? And Tom Brady said the difference is not the numbers. It's like

how does this person handle adversity? What happens if this quarterback throws three touch uh three interceptions in a row? How is he going to handle that? How is he going to how how fast does his mind think? Can he can he read the defense and handle when he Gets sacked? So, it was always about mental and emotional toughness as the important critical element that determines championships and wins, not the numbers. And the same thing with trading. It's your attitude, not your aptitude that determines your altitude in life. Zig Ziggler, the great motivational speaker. It's attitude.

And you have to have that from people always say, "Oh, Kevin, if I had your money, I'd have your attitude, too." No, the The money doesn't give you the attitude. It's the attitude that'll get you the money. You have to have the attitude first in order for the money to come. You have to believe it, then you'll see it, not the other way around. >> I'm I'm I'm laughing because it's it's painfully obvious. you know, I've listened to all sorts of anecdotes or advices or catchphrases or whatever it is and I listen to them. I

register them. I believe that I believe Them. Okay. Uh and then eventually I actually get it right. There's that aha moment where it's like, okay, okay, you're telling me that the money isn't what's going to give me the self-confidence, but it's easy to say that when you already have it because right now I don't have it. So I don't know what I don't know when it when I get. So I believe in my best interest. given that what hurts right now is a lack of money then sure I believe you But no I don't right

uh and then the number of people I see there's a divergence and I tell these people there are two types of billionaires like or or or people that are really wealthy let's go with I don't know what number one or two number two right now or whatever it might be but like Elon Musk wanted to go to Mars when he was in college >> that continues to be his conviction the fact that he's become what he has become is because he's still trying to get to Mars >> everything that he Because whether it's AI, it's

not a distraction. He didn't get into the electric carving. It was the energy business. It's all you can literally connect the dots to it. And he the fact that he's making money, it's because he has this destination and he's taking care of his journey so well that he doesn't, you know, uh uh I never thought I was going to write a book, but there was a moment in time where I had To write a book in order to get to a thing. I made more money with that book. I didn't think that money that books

made money. Uh it got me through COVID, right? And and it was because of of this direction, but but you are very correct that there's two types of people that end up getting money. The ones that never let go of that mentality. So when I get the money that'll be good, and the ones that are like when I get to Mars, then I'll be good, right? And they're The ones that are happy and they're all they're today happy because they're still on their journey and they will forever be. And the ones that actually get the

money and they realize that there's more that they don't have. there's a guy above them and then they just they're in the the hamster wheel, right? They don't realize that they're in this infinite loop that you cannot get out of because you're right. Um and and uh I guess that was more of a Statement than a question, but uh no, I yeah, I wanted to clarify that my expression was by no means making fun. It was it is harder to express what you've just said until people live >> until they get it. And and the

thing about it is this is what I was told. I was with a guy 1979. We walked into a restaurant. It was me, him, and a bunch of people. I was a young kid. >> Yeah. >> And you know, like, what's the kid doing here? Like, get away from me, kid. You're bothering me. And I sat at the table and I said, "What's some advice for a young person about making money?" And he said, "When you walk into any place, walk in like you own it." >> Mhm. And I said, 'Well, when I have your

money, I I'm sure I'll have that attitude, too. Because that's what I thought. It's like, yeah, it's easy to have the Attitude when you have the money. He says, "No, you have to have the attitude first. The money doesn't give you the attitude. The attitude gives you the money." I says, "But how do you have that attitude when you're broke? When you walk into a place, you have no money." And he goes, "Just feel like you're a little illquid at the present time." And and I it was like this dichotomy. And funny thing, years later,

I'm Watching the blacklist with Raymond Readdington, of course. >> And he and he and they he gets wiped out. All couple of his people like you take all those bank accounts >> and he walks in to look at some art. How much is this painting? $30 million. Well, I think I'll take it, but right now I'm a little illquid because he didn't have any money. He was completely penniles. But it was funny, but it wasn't funny. It's the right Attitude. And there was a guy on stage. I told you we took over the yacht uh

the the Norwegian cruise line ship the Pearl for the entire week. So the whole ship was all of our pe all of our members. >> And a guy was on stage telling the story about how he wanted this particular Rolex watch. And he walks into the store and he has no money. He's got no cash. And he says, "I'm looking for a watch." And they said, "What's your budget?" And he goes, "It's unlimited. I just want It's a particular watch that I like. If I find the right watch, it doesn't matter what it costs." So

he he's there for an hour. or they bring him the coffee and he's looking at all these watches and he finds a watch he wants and it happens to be the most expensive watch in the shop. Y >> and they have to order it. They go, "It's going to take a year or two. It's a very special, you know, one of a kind type of watch." Well, he had no money Anyway. So, make a long story short, a couple years later, they call him and say, "Your watch is in." And now he has the cash

and then he goes buys it and he showed everybody the watch that he had on his on his wrist. He goes, "And here's the watch." He says, "But if I didn't start dreaming and having the attitude two years ago, I probably wouldn't have had the money today to pay for the watch and pay cash for it." So, you have to dream big and you have to Dream big before you have the money. People do this. I'm sitting around a table and we're talking about buying a plane, a $35 million plane. And the first thing one

of the guys says is, "Well, how are we going to afford that? We don't have the money for that." Cancel. Cancel. The the how will present itself. the universe will figure out the how. You don't look at your income and say this is how much money I make. Okay, that means that's what I can afford. You Dream and say this is what I want. >> What does it take? >> Then this income will automatically and magically get bigger. Just like you said with Elon Musk, I need to go to Mars. Well, the universe says, okay,

well, you need money. And then it creates all these opportunities for him to make the money to get his dream. So, you have to dream big. Now, you can't live in a dream world. You can't be delusional, but you have to dream and keep your Dreams to yourself. So, people are out there and they want to make money and they're struggling and they go, "I don't know what to do. I don't know how to do it." Well, Keystone, for example, to me is just one of a lot of great opportunities. The Keystone newsletter, and people

can click on the link and they can get more information on it, and if they if they do it, and you know, we'll give them a good deal on the thing. But you get a newsletter and it Tells you this is the crypto to buy at this price and this is when you sell it. It's paid by the numbers. Plus, they have the opportunity also if you want to to learn about that space and get your mindset right and learn about the c the companies or the coins or the technologies behind the coins and how

it works which will raise your level of confidence in yourself in your decisions so that you're not operating out of fear >> that you're operating with a sense of Confidence and also with the stop losses that he shows shows you you can't lose lots of money. There's these there's these safety nets there. So, a person says, "Well, I lost all my money in crypto." Okay, well, you're an Y quite frankly, if someone says they lost all their money in crypto, the only thing I can say is you either a are not very intelligent and probably

that's not the case. You were just misinformed. You were not educated. >> That's really what it came down. You just didn't know because if you do it right, it's almost impossible. It virtually is impossible because even in the stock market, I mean, you can put money in Charlie Munger, who was uh uh Warren Buffett's uh partner, who was the the brains behind the the thing, he used to tell me all the time, it's impossible to lose money in the stock market. It's impossible. But that's Charlie. People lose it all The money. Yes. Because they sell.

>> That's exactly right. like zoom out on the stock market history bottom like you know like bottom low and like top to the right is to the right you know like it goes up >> he goes it's impossible it's impossible and and I said well there's a lot of people that say that oh I if I put all my money in in the market or in crypto I I I don't have access to it he goes there they just don't know you you get a Line of credit on it I mean it's an asset that

can be used so you always have access to the money and it's like a bond all you're doing is paying back the interest you don't even have to pay back the principal. So you can be like a publicly traded company getting bonds with your own money, have access to it when you need it from time to time. He goes, it's just lack of education. And that's what I like I like about Iman and and the and the and the Keystone Newsletter. It's written in English. It's simple to read. It's quick to read. They got videos

if you want more information. It's one-stop shopping for somebody who wants to take advantage of the crypto space, the investing space. Do either passive investing where you just follow and do what he says, or you can do active investing where you can do a little trades from time to time, which is what I've done just for fun just to see, oh, this went up 20% yet in one Day. Sell. Boom. Oh, it went down 15. Buy again. Oh, it went up 20. Oh, this is like fun. Like, this is like this is like goofy. And

then I get bored. It's like this is just like printing money every day. >> Yeah. Well, to me, uh the way that I'm interpreting this is you you use the word uh keystone can be this. Without it, they're operating with fear. Well, not only that, they might be they might not Be afraid, but they might be directionless, right? Um they need that layup. They need to have that confidence. there's a signal to noise and they don't even know they meaning people that don't know that that that they're unaware that they are ignorant and they're look

they're open to being uh um they're malleable to to open to suggestion, right? So they got the right mindset, they got the right confidence and they got the right attitude, but They're just listening to the wrong source, right? and um the ability for for having a reputable filter which for me I didn't have the luxury of of uh a well vetted anything that's proven track record the these are traders that story that I shared earlier so you have this kind of layup where it's like okay well now I've curated this source right now what I

can do with this is pick my own adventure right is it shall I learn from this right shall I use this as a Starting point or sh or shall I use this as a as a tool with which I can save time and avoid me the learning curve uh because I will make the mistakes necessary to eventually fit you know it's just pick your own adventure but being able to to uh have a direction and know which direction it is and know your starting point without necessarily just being fear but being able to have a

compass And then you can decide how much to lay into. Maybe maybe people go into it and decide uh you know what this is my risk tolerance. My stomach can tolerate this level of volatility or my time only permits this level of attention or this is my calling. Yes. Regardless of where you are on the spectrum, you need to start off with not listening to the Tik Tok guy with the Lambo, right? Like follow my advice. And they just drop These fake money stacks which like you know and and it's so crucial because the Lambo

is colorful and psychologically speaking it's proven to draw your attention because that is the destination the freaking car and the piece of paper with words in it that's black and white. >> Well half of the time you know back in the infomercial days when I did infomercial I was known as the infomercial king. A lot of these guys Would go on there and they would sell courses on how to buy real estate with no money down and they'd be in in in front of their jet with their name on the jet and their Rolls-Royce. >>

It wasn't their Rolls-Royce. They hired the Rolls-Royce for the photo shoot. The jet they hired and they put a little sticker with their name on it. This is all true. And so they they put these things together. And look, at the end of the day, there's a lot of people out There making a lot of money. And five years ago, there were a lot of people who made a lot of money that today are broke. >> Yep. >> And nobody wants to talk about that. It's longevity. It's not the next shiny little object. >> When

it comes to cryptocurrencies and investing, I follow Keystone. That's my choice. >> If it's good enough for me, it should be Good enough for a lot of people because I have a lot of money. I've made a lot of money. I know about money. It's not a a quick thing. it's been a long-term situation. So, if a person is out there, that's something they should consider. And not only just follow the advice, but work on the mindset. I'll give you an example. I told you about, you know, Bakar and Blackjack. And I'm I'm familiar with

this. So, we were on this ship and they have a casino there. So, I Was showing some of the people, listen, let me show you how to make money in the casino. So, I walk in and I'm and I go over to the Bakarat table and I have and I'm there and I just put some money on banker and it just happened to win, you know, seven in a row and then it lost and I looked I counted my step I goes I'm done. So, I walked away and the next day I walked in and

made money and the next day I walked in and make money and the next day I walked in and make money. So, after four days I said look this is how much money I started with. I am up 45%. 45% return on my initial investment in four days. That's pretty darn good. Yeah. Yeah. Yeah. I said, you know why people lose money? Because watch when I sat down, I had three things in my head because I have discipline. Number one, I had a win goal. And the moment I hit it, I was done. Even though

it was in six minutes at the table, because I had a Goal of this is what I'm going to win today. Secondly, I had a loss limit. If I lost this, my stop loss just like in the market. If I hit that, I'm done. Yep. >> I'm done. No problem. Number three, I had a time limit. >> It's like a stock option. >> I'm playing my price expiration. That's >> exactly right. This is the point. This is a mindset. See, so I said, I'm going to play for one hour maximum. And I Never play for

the whole hour, but because I'm always either hit my stop loss or I hit my win goal. >> So I I'm playing for one hour. I said, "Now watch. You look at anybody else here, every single person, 99% of them are gonna walk out penniles. They're going to lose all their money that they started with." Why? Because they don't have a a win goal. Correct. This woman at at the roulette table hit two in a row. >> Yep. >> And she's got a pile of chips and she's still there >> because she's talented. >> Yeah.

No, cuz she's because she's a person is what it comes down. She's a degenerate gambler. She has no You know what she I I said, you know when she's going to leave? When she has no money left. >> Yep. >> That's when she stops. Not when she hit Twice. >> Yep. >> You know, 35 times 35 to1. 35 to1. She hit twice in a row. And it's like she's got a big pile. Why doesn't she leave? Because she's there thinking, I don't know when I'm going to go. I know when I'm going to go when

I don't have any more chips. That's when I'll leave. And people that's this is lack of discipline, lack of focus, lack of an ability to concentrate. and also a Program in their head that says, "I'm not worthy of money, so I'm going to do subconsciously everything I can do to be broke." This is what happens all the time with especially younger people. They do things specifically. They do it with their relationship. They do it with their money. It's like, "Man, I'm in this great relationship and now I'm not worthy of this." So, they do everything

they can to screw it up. Subconsciously, they self-sabotage. They self-sabotage With money. So, not only do you have to learn the technique, the how, the system, the strategy, here's what to do to make money, but unless you're working on your mindset, the champion millionaire mindset, unless you're getting your attitude right, being able to control your emotions to have discipline and control your mind, you're not going to have any long-term stability, and you're going to be miserable. Because I'll tell you what, The end of the day, the end of the day is this. regardless of how

much money you have. And I've been broke and happy and I've been rich and happy. And I'll tell you, it's better to be rich and happy. It is. Last night I went to the cigar lounge, whatever the most expensive cigar was. I happened to know what it was, and I happen to like it. Not just buying the most expensive cigar for the price, but it happened to be the most expensive cigar. That's what I Want. And they had a bottle of Macallen 30-year-old scotch, which I happened to really, really like, and you don't see it

very much. and it was $1,000 an ounce. And to be able to say, "Yes, I'd like two ounces, please. And I'd like the cigar." And to sit there and go, you know, I'm worthy of this. Not only can I afford it, but I'm worthy of it. And I am enjoying this. And I was with Danielle and I says, you know, this is spectacular. I love this. And I love the cigar. I love my company. I love my scotch. I love being me. And at the end of the day, if every person can shoot for Wouldn't

it be great if you woke up in the morning and think, I love my life and I love being me. That feeling, it's awesome. Yeah. It's better if you feel that way with a ton of money and you walk out and you say, "Should I take the Rolls-Royce? Should I take the Bentley? Should I take the Excalibur? Should I Take the 1976 Cadillac Elorado convertible that's like brand new? Which car should I take?" And your butler is there, Mr. Trudeau. should I which car can I prepare for you? And your your chef is there preparing

you. Yeah, that's nice and that's the how I live >> and that's great to live that way. >> But even if you don't have it right now, I still had that same feeling when I was in a 900 uh square foot one-bedroom condo with a Roommate sleeping on the couch. I still felt the same way. So, you have to have the feeling and and attitude first and then the money will come. And then when it comes, it's it's like your state doesn't change. You just enjoy life even more. >> They asked me why I wore

this hat and I was like because he likes scotch. >> No, just kidding. It's a complete coincidence. Um but act as if, right? Uh, no, but I mean I'm I'm I'm going to Point out something that is a gem that that you pointed out that was missed by the majority of people is you said with without money, with without money, I need to love myself. Because here's the thing, it's if you think that you will love yourself once you get the money, you're wrong. And not only that, if you love yourself because you do have

the money, then you're going to lose it because you are afraid, right? Right. If it's if it's now been the defining Just like my beliefs and the debate whether it's a polit you know like polarized political beliefs and just you attack what I think if you're defining yourself as the number of dollars in your bank account or your net worth then uh that means that you're that you are not you if you lose your money and that petrifi being being afraid of losing it is all of a sudden going to be the very thing that

enslaves you from enjoying your life. You will not take a move. You Will not walk out on the street. You finally got what you wanted, but you can't actually enjoy your Macallen, >> right? uh because you're afraid that maybe it's poisoned or whatever, you know, like I I can go on and on like but yeah, you have to love yourself uh first before you can enjoy the money because you are not afraid to not have it anymore because you've been in a 900 foot apartment. I think racks to riches to racks to riches to it.

I There very few people that I know although you know if you're born into money I think would be the exception but there's very few people if any that are self-made successful and if we're using the word money I continue to not want to use that as a metric I continue to use that as a proof that you succeeded right Elon Musk he's on his way to Mars and money is the way I can prove he's doing it again good uh if happiness and and tranquility is Which you're seeking that has to become uh part

of your identity. Uh or else the lack of money is your your your your new jail cell, right? Like and and so yeah, that that is what you said without actually saying at least that's what I heard. >> That's exactly correct. And at the end of the day, there's people watching this that are starting off, they want to make a lot of money, and they're real focused Because they think that money is going to give them the girl or the guy. They're going to It's like, "Oh, if I have a lot of money, and I

wear all the bling, and I was told to wear all the bling, by the way, because I said everyone likes the bling." Okay, >> probably once, >> okay? And it's nice to have when, you know, if I'm on stage, I I I like it. I I don't wear it that often, but to have, you know, a 10 karat diamond made by Michael Bodri, who's uh the the he was my jeweler in Beverly Hills. He's the kind of jeweler to the stars and he custom makes all all my jewelry or you know the what whatever in

platinum. That's nice to have the money and to be able to just pay for it to say I like it. I want it perfect. I want the suits customade. I want it fine. I want the alligator shoes by John Love custommade 15,000. I want them. Yeah, give me three pair. You know, it's it's good to have The money, but for if if a person is watching and they think that the money is going to give you that sense of, oh, I am a somebody because I have the watch, so I have to wear the watch

every day because the watch is who I am. If if I didn't have the watch, then people going to look at me not know that I have money, so I have to wear the watch. It rings. You don't want that. You want to have the money. And it's great to be able to have the Lambo, to have the Rolls, to have whatever you want, the cars, the clothes, the pen houses, to be able to go to the clubs and order the champagne and not care that they charge you $15,000 a bottle and rip you off

because it's a table service, you know, cool, hip, you know, place in in Vegas. Okay, if you want to blow your money that way, that's fine. But to have that, but don't don't think that that is going to give you that sense of wholeness because it's not. And the people around You are not there for you. They're there for what you're going to all the stuff you're giving them. The ideal scene is to have a balance between these two. And that balance is to have that sense of I like being me. You know, I love

myself. I like being me. Not just I love my life, but I like being me. And I like being me alone. I like just sitting here and I sit there in my house or I sit there anywhere whether it's a coffee shop or something by myself and I always Think you know I love myself. I actually love I like myself. I love me me and I don't need somebody in a relationship. A guy will think or a woman you complete me. Okay. Well, if that's the case then you need some help because a person should

never complete you. >> Is is that a a copyright violation? It's a copy revelation. >> I'm not like sour about it or anything, but yeah, the the movie. So, the point is if you think that somebody completes You and that you're miserable without them, that means you're not whole. >> What you want is you don't want, oh, you know, you're my better half. Okay? No, you should be whole. That person should be whole. Not needing each other. But together, you create a new entity. It's an us. >> Okay? It's not It's not one ent. It's

another entity. It's called us. >> So if you love yourself and are completely fine being alone and your Partner says I'm I'm doing this or whatever, good because you're fine here. You don't need them clinging, right? So they're whole, you're whole and together you make another entity called us and you're this power couple. But that comes from feeling good about who you are. Not needing anything to complete you. Also means not needing money. >> Yep. to make you whole. Then the other side of the coin is if you are in that state at least to

some Degree, okay? Now, no one no one's perfect, but if you are in that state better than you are now, then it's going to be easier to make money and more fulfilling and fun. Y >> and then when you're out there hustling and doing some trades and you make a score, you make a you make a 10x. Well, I put up a thousand, man, I just made 10 grand. Wow. you know, or you put up five grand and you make a 20x. I just put up five grand, I made a 100. Oh, wow. You Know,

I tap into into my treasure account and all of a sudden I see all these extra zeros. I go, it's Iman, it's broken. There's something wrong with my treasure because there's a bunch of extra zeros. What's happening? And he's like, well, haven't you been paying attention? I says, no. He says, well, everything went up 100x. You know what? What I told you to buy? I go, you mean that's real cash in my Yes. How do we how do we convert it to US dollars? Remember this? We were like messing around and he was like, "Well,

it's too much money to handle through this exchange, so we have to do this exchange." So, we're on the phone. I mean, that's exciting, right? That's fun, >> but it doesn't doesn't it doesn't um determine who you are or label who you are. It's just now a fun activity and it's a result of who you see yourself as. So I am very thankful of something That this is being recorded because although I feel like I continue to learn and I've every sentence that you say is very carefully crafted and jam-packed such that I I I

look forward to learning more but I'm also going to be selfish and just ask you an open question. Give me more like how can we like what can you tell me? I like what question have I what don't I know that I don't know? give me please more knowledge because this is just invaluable and and to the Audience listening to this. Uh school me. >> Well, it it's hard in the time that we have obviously I know our time is coming to a close here pretty soon, but I would encourage anybody if they want a

specific technique on making money, Keystone is the way to go. They can click on the link. They can get the Keystone newsletter. It It's as simple as step one. Just do what they tell you To do. Buy this coin when they tell buy it. sell this coin at this price. When they sell, sell it. That's simple. If you want to become a little more active in terms of active investing, not trading, but active investing, there's videos that teach you how to do that. You can get actual real people on the phone to counsel you and

coach you and mentor you and you you can do very well. We were just on the ship, right? We were just on the ship and the woman came up And said she started with like 10 grand, I think. >> 18K. >> 18K and she's went up 300,000, right? I mean this is and she was not a young >> she was 80 something >> 80s something years old. >> Okay now that now the first part had me bored but now you got my attention. Yeah, she was 80 something years old, but spry. I mean, spry, right?

And she came up and said, "Man, my retirement, My whole life has changed cuz now I'm set, you know, I don't have to worry about money and she's got, you know, a pension and and social security and stuff, too. But now she's got this big huge extra and she's continuing to follow his advice and and scoring." And then there were young people there in their 20s that, you know, they went seven figures. There was this one guy who went what, $8 million, he said on the on the video. He says, "I started With a couple

thousand and I have not 8 million in my account." So, I mean, people have made big scores, but it doesn't matter if it's a big score or a small score if it's a consistent score. >> Success is planting seeds and cultivating that crop. If you want oranges, number one, you have to plant an an orange tree seed. You can't plant a tomato plant seed and expect oranges. So, you have to plant the right things to get the right money. But if you plant A seed for oranges, don't expect them tomorrow. It's a seed and you

have to water it and fertilize it. And as it grows, you have to trim it and cultivate it and you have to let it become a tree. And there's a time for planting and there's a time for harvest. You have to plant the right seed, cultivate it for a period of time, and then it's harvest time. And that one seed gives you tens of thousands of oranges forever. That's financial freedom and financial Independence. And that's what Keystone teaches. Not just how to make a 10x score or 25x score or 100x score on a on a

trade. It's really how to cultivate and develop total financial freedom and total financial independence. which means your money is making you money even without your attention. And that gives you complete freedom and liberation in life. It's a great life to live. So that's number one. And if people want more Information on me, they can just go to kevau.com. My newest book is Your Wish Is Your Command, which is the the it's really the Bible of how to get your thinking right and how to create and manifest the life you want. It really is the success

system that never fails because when it's used and applied, it works 100% of the time. It fills in all of the blanks or the holes that are in like The Secret, the law of Attraction, or any of the other and there's a lot of good books out there on success. I recommend them. You know, the magic of believing, think and grow rich, ask and it is given. The magic of thinking big, how to win friends and influence people, The Secret, See You at the Top by Zig Ziggler. Those are all really, really, really, really good

books, but they're also full of holes. There's things that are missing. and your wish is your command. This book Which is on Amazon as well that fills in every hole because every question that's been asked is answered in that because I saw all of these questions over the decades from people saying you know I tried think and grow rich but here's how come it didn't work and this is what the problem was or I tried to apply this and it didn't work and why and okay well how are you applying it? Oh okay well okay

that wasn't clear enough. So when I put together your wish is your command, it Answers all those questions that people have had for decades of why they've read these books and didn't get the results. Kevin, I have I have to say with the the most humble word like I uh you know genuinely uh appreciate and and and am grateful for listening to well first having the the pleasure to meet you but but actually uh uh uh having this this this just tremendous amount of wealth. I was not uh kissing your ass when I said I'm

Going to watch this video over and over because I'm going to learn more each time I watch it. Right. Uh I I know how much I didn't catch that went over my head. Thank you. And that is a a a very legitimate thank you because uh the the you know there's a lot of things that I know that I know. you've framed it in a way that you've made me realize that I quite frankly I'm nowhere near knowing what I don't know. So, thank you so much. And I hope that everybody that's Listening to this

take those words uh um seriously in the sense that this isn't just a catchphrase. It's not some slogan. It is quite literally um I I ju I I I realize now just how much you gave that I missed that I look forward to to rewatching. And uh thank you so incredibly much. Well, it's my pleasure and very pleasure to be here. And I would just say was one last thing before we go is if a person is watching and and for everybody, you were born to win. People are they're engineered for success. They're actually designed

for accomplishment. And in all of us, we are endowed with the seeds of greatness. I would just say embrace the greatness that's within you. Believe in your dream. Believe in yourself and don't let anyone ever steal your dream.