Podcast Summary
From Real Estate to Pokemon Cards: Unexpected Hobbies of Successful Individuals: Successful people find joy in unexpected hobbies, like collecting Pokemon cards, which can lead to significant returns on investment. Seize opportunities, have diverse interests, and be patient.
Successful individuals like Grant, who have built impressive real estate portfolios and run various businesses, can find joy and excitement in unexpected hobbies, such as collecting Pokemon cards. During this iced coffee hour session, Grant shared his experiences of building a real estate portfolio, running a car dealership, and even selling smoothies. He also brought Pokemon cards for an unboxing event, creating a fun and engaging experience for the audience. The value of these cards can be significant, with a PSA 10 Charizard fetching up to $20,000, and even a base set Charizard having a value of a few thousand dollars. Grant's story highlights the importance of seizing opportunities, having a diverse range of interests, and being patient when it comes to investing in valuable items. Additionally, the session marked a first for the channel as it was filmed in Las Vegas, offering viewers an exclusive look at the setting before Graham's main channel released its content.
Graham and Grant's friendship started with a Rolex gift: Friendship and shared real estate experiences led to a Rolex gift, symbolizing their bond, and inspiring Graham's viewers.
The relationship between Graham and Grant started with a phone call on the Graham Stephan show, leading to Grant gifting Graham a Rolex when he reached 2,000,000 subscribers. This gift has become a symbol of their friendship and a source of excitement for Graham's viewers. The friendship developed further through regular Zoom calls and, eventually, an in-person meeting. Grant's introduction to real estate started when he was 18 and bought an apartment to have more freedom from his mother's rules. While Graham advocates for living with family to save money, Grant saw the financial value in having his own place and making the investment in real estate. Their friendship and shared experiences in real estate have led to fun adventures like gambling.
Personal motivations and learning from others can lead to starting on the path to financial growth.: Starting out in investing can be inspired by personal desires or learning from family. Continuous learning and calculated risks are important for growth, even with limited experience or resources.
Starting out in investing can stem from unexpected places, such as a desire for personal independence or the opportunity to learn from family members. For instance, the speaker shared how he was motivated to move out and buy his first investment property at a young age due to his desire to have girls over. Later, he built his first duplex at 19 with the help of his brother, who had already built a successful real estate business. Similarly, the speaker's entry into the car business came from his family's background in the industry. These experiences illustrate how personal motivations and learning from others can be powerful catalysts for starting on the path to financial growth. Additionally, the speaker's journey highlights the importance of continuous learning and taking calculated risks, even when starting from a place of limited experience or resources.
The power of hard work and persistence: Success in business requires a strong work ethic, persistence, and a friendly demeanor. Following up and putting in consistent effort over time can lead to substantial financial rewards.
Having a strong work ethic, being persistent, and maintaining a friendly and welcoming demeanor are key factors in achieving success, especially in businesses like real estate and car sales. The speaker emphasizes the importance of following up and putting in consistent effort over time. He attributes his work ethic to his family and his competitive nature. Additionally, he manages multiple businesses, including a smoothie chain and real estate investments, requiring a significant time commitment. The speaker's success story is a reminder that hard work and dedication can lead to substantial financial rewards.
Starting small and scaling up in real estate investing: Save diligently, build income, manage time, and seek support to grow in real estate investing
Having a strong income and saving diligently are crucial steps towards getting into real estate investing. The speaker shares his personal experience of starting small with a duplex and then scaling up after building a substantial income. He emphasizes the importance of handling more properties and responsibilities as one becomes capable. The speaker also mentions the importance of time management and having a strong support system to help manage various aspects of the business. For those starting out, he advises saving every penny and increasing income through side hustles or other means. The speaker's passion for real estate investing is evident, and he encourages a mindset of continuous growth and dedication to the craft.
Starting young and pushing through challenges: Starting early and staying persistent in your goals, even when faced with challenges, can lead to significant rewards later in life. Embrace opportunities for growth and consider taking calculated risks.
Starting early and staying persistent in your goals, even when faced with challenges, can lead to significant rewards later in life. The speakers in this discussion shared their personal experiences of starting businesses or pursuing sales careers at a young age, despite initial hesitations or setbacks. They emphasized the importance of staying hungry and pushing through difficult times, as well as the potential benefits of taking calculated risks. Additionally, having a natural aptitude for sales or working well with people can be a valuable asset in achieving success. The speakers also highlighted the importance of staying safe online and encouraged listeners to consider using NordVPN for improved cybersecurity. Overall, the message is to keep going, stay focused on your goals, and embrace opportunities for growth.
Young age investments and learning from mistakes: Determination, focus, and learning from mistakes can lead to financial success despite initial setbacks.
Even at a young age, having focus and determination can lead to significant financial gains, but it's important to learn from mistakes and not repeat them. The speaker shared a story about investing in the stock market when he was 18, making an initial profit of $600, but then losing everything due to poor decision-making. He learned from this experience and saw the potential for a larger gain if he had made a different investment choice. Despite this setback, he continued to invest and has since used each loss as a valuable learning experience. The struggle to maintain mental focus and manage time effectively, whether in sales or other endeavors, is a common challenge that the speaker and many others face. The speaker also mentioned the importance of family and the impact of personal experiences on financial decisions. Overall, the key takeaway is that with determination, focus, and a willingness to learn from mistakes, one can overcome financial setbacks and achieve success.
Personal stories of investment losses: Avoid selling during market downturns and hold onto stocks for long-term gains, but be cautious of unsustainable price increases in current market conditions
Investing in the stock market, especially in volatile sectors like cryptocurrency, can lead to significant gains but also substantial losses. The speaker shared two personal experiences of losses, one with Dave and Buster's stock and the other with Ripple (RippleX RippleX RippleX, formerly Ripple). In both cases, they missed opportunities to sell at a profit due to greed or miscalculation. The lesson learned is to hold onto stocks, especially long-term, and avoid selling during market downturns. However, the speaker also expressed concern about the current market conditions, with low interest rates and a lot of money flowing in, leading to unsustainable price increases. The future remains uncertain, and it's essential to be cautious and informed when making investment decisions.
Long-term investing in a volatile market: Historically low interest rates keep stocks attractive, long-term investing through consistent contributions helps mitigate market volatility, and a potential shift from tech to recovery stocks may occur.
Despite high valuations and potential interest rate increases, the stock market remains an attractive investment option due to historically low interest rates. Additionally, there may be a shift of money from tech stocks to recovery stocks, leading to a redistribution of funds within the market. Long-term investing, particularly through consistent contributions, can help mitigate the impact of market volatility. The speaker, who has seen significant gains in their portfolio, emphasizes the importance of holding onto investments for the long term and not being swayed by short-term market fluctuations. The speaker's portfolio, which includes investments in Disney, Royal Cruise Line, and others, is currently worth over $1,000,000, a testament to the potential rewards of long-term investing.
Investing: Being Informed, Patient, and Strategic: Investing requires careful consideration, a long-term perspective, and the ability to make informed, strategic decisions. Even small investments can yield significant returns, but timing and market awareness are crucial to avoid losses.
Investing, whether it's in stocks, real estate, or other assets, requires careful consideration and a long-term perspective. The speaker shares stories of individuals who have made significant gains, but also emphasizes the importance of being cautious and aware of market trends. Kevin, a friend who made millions from Tesla stock, is now a barometer for investing and making unconventional investments. However, even small investments can yield substantial returns with the right timing and attention. The speaker shares his own experiences of being cautious after the market experienced rapid growth and emphasizes the importance of looking at the market in 10-year increments. He also acknowledges the challenges of timing the market and the importance of paying attention to the whole market to avoid potential losses. Overall, the conversation highlights the importance of being informed, patient, and strategic when it comes to investing.
Group Buys Rare Collectible Cards, Debates Investment: A group of individuals pooled resources to buy rare collectible card packs, debated investment amounts, and shared winnings while keeping personal cards.
A group of individuals decided to purchase and open rare collectible card packs, each putting in a certain amount of money, with the goal of finding valuable cards, specifically a holographic Charizard. They agreed that whoever pulled the best card would win the pot, but one person set a limit to his loss and suggested they all keep the cards they pulled regardless of their value. The discussion escalated with the group debating the amount of money to put in and the potential return on investment. Ultimately, they decided to open the packs and share the winnings, with the person who pulled the best card giving a portion of their winnings to the others. The conversation also touched on the potential value of keeping the cards sealed and the excitement of the unknown contents of the packs.
Exploring the thrill of unboxing rare Pokémon cards: Unboxing rare Pokémon cards can bring excitement, potential financial rewards, and foster friendships.
During a Pokémon card unboxing session, the excitement and value of obtaining rare, holographic, and first-edition cards were discussed. The dark Dragonite and Dragonite cards were particularly admired, with the former potentially selling for up to $30,000 if it were a holographic first edition. The group also shared their disappointment when not obtaining a Charizard card, but overall, they enjoyed the experience and the friendship formed during the event. Additionally, a base set pack worth nearly $1,000 was opened, revealing various cards, but no holographic Charizard. Despite the outcome, the group appreciated the experience and the value of the cards they received. The session showcased the joy, anticipation, and potential financial rewards associated with collecting Pokémon cards.
Fond memories and excitement from a high-end pen: Appreciation for luxury items, authenticity, potential investment, and attention-grabbing accessories.
Graham's friend's gift of a high-end pen brought back fond memories and a sense of excitement, much like receiving a valuable gift during the holiday season. Graham's appreciation for luxury items, particularly watches and pens, was evident as he shared stories about his collection and the significant investments he had made. He emphasized the importance of authenticity and the potential for a good investment when purchasing such items. Additionally, Graham shared that wearing expensive watches and pens can attract attention and spark conversations with others.
Smart investments and hard work lead to success: Investing wisely, working hard, treating employees well, and making sensible decisions can lead to significant financial gains and a successful business.
Success comes with investment, whether it's in a Rolex watch or a career. The speaker shares his experience of buying a Rolex watch for a fraction of its retail price and how he started selling cars, making an average of $75,000 per year. He also emphasizes the importance of taking care of employees and treating them well, leading to a successful dealership with various brands like Chevy, Honda, Hyundai, Cadillac, Nissan, Dodge, Chrysler, Jeep, Ram, and GMC. The speaker also reveals his frugal side, admitting that he doesn't buy anything that doesn't make sense, like expensive crawfish. Despite his initial reluctance, he ended up gambling and won $99.50, making a small profit. Overall, the conversation highlights the importance of smart investments, hard work, and taking care of people to achieve success.
A successful night out with gambling, free dessert, and productive conversation: The group had a fun and rewarding night with successful gambling, free dessert, and a productive conversation with a guest
The group had an exciting night out, which included successful gambling experiences, receiving free dessert at dinner, and a productive discussion with a guest. The real estate agent and car salesman put pressure on Jack to donate to a tip, resulting in him receiving silver coins for his blackjack wins. The group also enjoyed a successful gambling session, with both Jack and the host being up over $300 after the tip. At dinner, they were surprised with free dessert as a recognition from the pastry chef for Graham. The group also had a productive conversation with their guest, Grant Navarre, during which they discussed various topics and even had a Pokemon card battle. Overall, it was a fun and rewarding night for the group.
