Transcript of Episode 52 - Billion Dollar Lottery Ticket Win
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00:00:00| were they on panders and today we're gonna talk about the lottery winning losing trying to stay anonymous helping people come after you for no reason at all except money lots and lots of money
00:00:11| join us so I'm Dan and I'm Nick books are old friends dissecting one topic at a time people technology media we've got it all covered each discussion here is a deep
00:00:25| dive in or unique perspective a boo finding subjects they're all on the chopping block baby we don't pander to popular opinion planky get a little bit dirty morning this podcast may contain
00:00:38| mature language and sexual content and is for entertainment purposes only so join us have a good time open up your earholes heyy everybody I'm Nick and I just turn the camera perfectly Oh
00:01:08| fantastic Nick come down that's awesome well here we are we're gonna unbanned er about some moola some ching-ching - daddy's you know what I'm saying oh yeah cuz we won the lottery in our minds yeah
00:01:23| we sure did laugh about a week ago we pretended we did didn't we yeah um you want to begin at the beginning being us craving to have those millions of dollars a billion dollars imagine having
00:01:36| a billion dollars two years ago there's a jackpot of 1.6 billion dollars you just round off two extra millions yeah who cares about those 0.0 Millions almost nothing you got a billion get a
00:01:50| percentage of who wins who doesn't actual number I do have less is it a tenth of a percent oh you got the money on return you under the the odds because I have my
00:02:01| tickets right here you buy tickets to this Oh give me some odd dude huh is this the one do you remember we bought tickets um as a trust I think we did it works out oh yes I think it would have
00:02:12| we're done okay there method method with madness there were something like the Mega Millions it costs two bucks same thing with Powerball they're both
00:02:20| around your odds of 1 in 300 million so that's one person in the u.s. if each person buys one ticket Wow with a six hundred million dollar pot because that's how much money would have gone in
00:02:32| but these they roll over so they keep getting larger and larger until the jackpot is excessive and people jump all the rhetoric exactly - what what is that number based on cuz it's not the amount
00:02:45| of money they get in on betting is it no so there's like an initial roll over amount but the amounts that actually get distributed it's around fifty to sixty percent for a winner and then the rest
00:02:56| goes to and this is varies depending on state education administration of state general fund and then other like ten or eleven percent other other very vague other four millions of dollars signed me
00:03:13| up for other folks that's a according to just go to other um let's start from the beginning though so you got one and three hundred billion chance of winning right is that does it all it changes
00:03:27| with the bigger Powerball as I assume because more people are playing or it doesn't change at all so the odds are the same regardless of who's playing the problem is that most people think that
00:03:37| they're gonna maybe win at all get the frickin but when it gets larger than your odds once people think that you're they're getting better odds because the jackpots so large the odds of getting a
00:03:46| winner goes up that much more because it's so so much like fervor people get so excited it's not about they do allowed you here everyone's like oh did you get a few Powerball tickets yeah
00:03:55| it's up to X X and it's like cool woah that's you know what about our people em I'm gonna join our pool yeah everybody starts going crazy what's the biggest pool you think one point six million was
00:04:07| the biggest 1.6 billion sorry with a B was the biggest ever no no no um pool of people who you think like three thousand people over one one-time or something like that
00:04:18| everyone banded together they could all be on the same everyone you know say we're all along one ticket baby that would be interesting if you could do that and not have other windows ad
00:04:31| your return on investment is 50 cents you're just like yes yes I'll take the the $2 have a free $2.00 they'd be like wait is everyone will wait does everyone have to agree what we're doing lump sum
00:04:43| or payout annuity and they have be pretty awesome was it twenty year no he hasn't even look it's 30 year is it 30 are you completely different for
00:04:58| everything I think it's I think it's pretty much standard not sure what this standard 2530 somewhere in here I thought was 2530 but you said 20 I'll be know annuity is such a terrible option
00:05:11| because a you don't get your money right away you get the full pot quote-unquote but the return is like 4.5% on the annuity which you can beat easily in other other areas other areas yeah so
00:05:25| that's the interest on the money is 4.5% and it gives it to you over 25 years or so one among pal pal pal pal pal pal that's called an allowance lady yeah no I'm saying that's me being a tough guy
00:05:38| that's an allowance lady give me my coin and then you may not be able to enjoy it plus the state has your name on it so it'll be tied to you and it's just so you can't roll it over to anyone else's
00:05:49| at them anything like that etc right I can roll it over but you have to have just a bit controlling so yeah plus who would who wouldn't want to kill you they know that you're you have
00:05:59| a huge check right well who wouldn't want to kill you with the lump sum though you know I mean yeah but you could have redistributed that money elsewhere and made it very clandestine
00:06:10| you could have already set it up to not thrust yeah hmm so if you were to pick numbers is there any specific number than you pick no but I do go a lot of times 22 is my hockey number huh 23 was
00:06:24| on Danny Kentucky number and what's interesting is he was left-handed and I was right-handed for whatever reason I always played the left wing and he played the right way
00:06:39| of us is that one of us is getting thrown out of the game or physical violence I don't know so my my favorite number is passed on from my dad is 23 which I won roulette
00:06:52| I bet on 23 and I won six hundred bucks one time so I always put that number I might play 4 8 15 16 23 42 well what's all I was like what's to those numbers are from less if I knew what the others
00:07:09| those are the lottery numbers from long didn't catch that I only saw had to have the show that's okay show for myself it's a little crazy as you go I guess mmm-hmm and lottery
00:07:22| tickets the return on investment is actually quite low it's like max I died well the taxes on lottery winnings since there's a large you at 40% taxed about they get 60% of the money that's
00:07:36| advertised so after after you win it gets cut down to maybe sixty percent of that just because it's a lump sum if you were to take that option which is the best option and then you get sixty
00:07:48| percent of that as well so really that's in that he said in earning at the end of year two like they don't get you both ends can they what you mean legal that is the lump sum already reduces the
00:07:59| amount that you you would get so you wouldn't get the full amount if you were to take the lump sum right but then come tax time you're not declaring that re because you
00:08:06| had to declare it to get it I assume they take out like 20 or 25% initially and then you have to make sure you save enough money to pay the extra 15 percent or 20 percent however much it is so you
00:08:20| have to be careful not to spend all half a billion dollars in one year oh it's gonna be tricky very tricky so really it'll be hard hard to what to win spend it all um no in like a Brewster's
00:08:35| Millions kind of kind of wet in like a physical cash no I have never seen yet Joe okay the basis is it's a movie I want to say nineteen late 1970s where it's Richard Pryor and someone is going
00:08:48| to and him this is back in the 70s 80s a million million dollars two million dollars that's more money than anyone's ever seen before
00:08:57| just like blank cheque a little bit but he has to spend it all in let's say three days or a week two weeks or two timeline right and he can't gamble it you can't give any to charity and he
00:09:09| can't there's like a third rule Emily wouldn't give her out all right well no no but he has to spend that much to get that much again let's say the guy's gonna give him five hundred
00:09:19| million he has to spend five hundred million in a week and he'll get five hundred million if he spends at all it's like to teach him a lesson but can you really spend this much money what is
00:09:28| this money do you just buy the same thing over and over again I mean like get like twenty three thousand or something the rules were like no you can't feel
00:09:36| like keep buying the same car like that with it everybody muddled every car and you buy like the oldest car known to man I mean something vintage would it really
00:09:46| be worth that much can you imagine wasting money on that you could buy one of everything you know literally have one of everything yeah like one of every kind of
00:09:57| toothbrush stuff there's like 7,000 kinds of toothbrush I'm gonna spend your money on I mean why wouldn't she they have so much money watch Brewster's Millions and get back
00:10:07| to me okay rule 2 will do be put in here thank you so say that the jackpot is say 1 billion dollars and you put your two bucks a day and your odds are really low one in 300
00:10:20| million and then you win and then you take the lump sum there down to 600 million and then I also lost my thought right there so you return on investment I think you're going what a little
00:10:33| generous so you you multiply that six hundred by sixty point six sixty percent because the government's going to take the NGO that have to go yep yep so you're gonna you're gonna reduce that
00:10:49| down to three hundred sixty million dollars okay so that's that's the actual amount of cash that you would have after taxes and after you take the lump sum and that's at five hundred million
00:11:00| that's not a billion dollars what you get a severe small amount hold on a billion dollars I went in a jackpot yep government gets how much both ends taken out of my hands ever out do you
00:11:14| get to keep 60% so would that be 600 million but you're taking a lump sum so the advertised amount he's like yeah the lump sum is 60% of the advertised amount so what did I end up with a beach 360
00:11:28| million I Dan people are greedy yeah it's a it's a meager see you literally lost six hundred and fifty million the crazy thing is that people believe that you have a billion dollars so you don't
00:11:43| have a billion dollars you don't have anywhere near a billion dollars I'm still perplexed that someone just robbed you of 650 million dollars legally mm-hmm that's insane
00:11:55| yeah and it's nuts I did I did hear a report Forbes did it um I think lottery betting voter of at least 700 billion in a year I don't remember what year it was but they're they're counting long
00:12:10| scratch offs all tickets bought all everything it's apparently the biggest moneymaker in state and its state-run right Ball State yeah yeah and I think it's $200 was the average per person in
00:12:22| the US so that number would kind of make sense I think it'd be about seventy billion maybe maybe was seventy maybe I totally added a zero because I think that would be cooler for a podcast
00:12:31| thanks for ruining it you might be right but he said I thought they said 700 billion what's also going by what someone said Forbes wrote either sniffing I'm worried
00:12:43| somewhere near 100 billion dollars and just gambling and lottery I should just lottery it's not even gambling this is just lottery that's a massive gamble as the Moose we got a number here so
00:12:57| they're suckers and Donna do math and they get emotional looks like probably I don't think it was easy to do it the math yeah it has everything to do with that you know I should he liked you want
00:13:07| to animal because you want to get out of it and there's literally do you know how much hard work it would take for a poor person to become a millionaire more than the system would allow its
00:13:16| literally rigged against them there's no way you could do enough to get out of servitude loans bad money everything following you bad credit all this stuff if you weren't a middle-earth and the
00:13:27| high land here you might make it out of the six hundred years yeah my only way to get rich for someone poor is clearly the lottery and that corporate system is gonna screw you do you know which states
00:13:39| actually spend the most gaming ahead naw it's an asset I asked to choose who got it yeah they spent about seven or dollars per person Massholes strange is it's not bad wait wait would he spend
00:13:53| the most they spend the most on lottery tickets that's what the one study found the least was like North Dakota which is like 50 bucks per person well that doesn't count there's like there in
00:14:02| people I'll start probably on the farm they're not I actually heard there was a county in North Carolina like a really poor County that brought in more than anyone the United States County wise I
00:14:12| didn't look at all the time he was from the United States that might have been proper like per person rather per person per Ken yeah no I'm that step but I'm pretty
00:14:22| sure they watch all that stuff they probably milk it know what happens to the store if they win I'm gonna who's gonna say one percent is it one hundred thousand dollars if it's an over ten
00:14:35| million dollars I believe it they get had to get about 5 percent oh that's pretty cool yeah it's pretty good so that's why you see the stores celebrating like crazy when people win
00:14:44| from course plus it guarantees foot traffic for the rest of year who um let's say we get that million billion dollar ticket we only see 360 I can't get over this um yeah and your odds are
00:15:00| extremely low no that was one yeah it's a slightly better than one and then the odds of someone else winning when it's that much is much higher but like those points today you're splitting it yeah at
00:15:15| least was that last huge one was split three ways most anyone has ever won there's seven hundred fifty eight million dollars and that's Mavis when when chick maybe it's when chick I know
00:15:27| I know him or her I know I know them they said they were gonna borrow a cup of milk with sugar in it and never returned it hmm I prorated that sugar and got per day and a trip to
00:15:45| the store every day and gas money in price is the way they are Oh Mavis maybe you owe me hmm the surprising stat is that her return on investment is less if she were to
00:16:00| invest seriously into doing this again like if she used all her money to do it again she to end up with less money than she did when she started as the odds are so well against people yeah so I did a
00:16:11| study on when it actually changes the amount of the jackpot and they saw that the return on investment was around 62% so that was like maximum 62 percent return on investment so like if you were
00:16:25| to put a dollar in you would get 62 cents back sure how would that people at best that the worst is when everyone else jumps in and then there's multiple winners and then your return on
00:16:35| investment goes down or when the jackpot is so small that it doesn't matter your return on investment is also terrible right I also read scratch offs are really bad a return investment like
00:16:48| people think you win more because it's a gun only costs three dollars I can win three dollars like I'm 1/3 to $1 often I'm a like a connoisseur winning three dollars once grachov I'm really good at
00:17:01| it unless you're like that one really good figured out the pseudo-random number generator and she would follow where the boxes of lottery tickets were heading and she would go to that store
00:17:10| and then buy them all because she knew that the return was better than the amount that she would spend she would buy the whole box with lottery tickets I'm trying to hear what she figured out
00:17:19| so geezers work for her okay cool well he knew the time they were printed which then dictated the seed or the number that they used to generate the numbers and so the yeah the scratch offs were
00:17:30| actually flawed whereas the balls I think are pretty random I think they're supposed to be perfectly the same and then spun a certain amount of time so it's not generating any way other than
00:17:41| physical do you know how they say we gotta mess this up the 92 and the a draft lottery we screwed up no I'm that happened I think it was random balls no or was it random em boobs I don't mess
00:17:54| it up because I'm not like here say um NBA lottery break without the next play a year that comes up it was apparently frozen easier right frozen in the description sorry then like I'm gonna
00:18:08| get this done or something whoops no no they used them to someone watching on TV it would look normal but you could feel a frozen envelope or something and they would feel it if I randomly will pull
00:18:21| this one no does it giving you anything it's not immediate um it's very word of mouth I'd have to fine-tune my search and someone who's watching is probably it's the 91 draft
00:18:33| that's where so-and-so it's bullshit I don't know I have to look it up but that's an interesting way to cheat the draft right because it's televised everyone can see you and they would
00:18:45| reach in and grab whatever and pull it out but it was frozen before him they said I'm not saying this is a verbatim but that they pulled out the one ball from a different location they didn't
00:18:55| pull it out from the front from the same location it was whatever it was the ball the envelope I pier what it was was frozen see as you reached in you could feel the frozen one and it would look
00:19:09| any different ah physically frozen if I was like frozen in place no no it was made it is older frozen ice cold now I can't see that with a camera interestingly enough
00:19:21| woman that as I said it was ping pong balls so wouldn't it like bounce differently it'll see one that I'm excited goddamn it was like somebody would find one on the team change the
00:19:34| team everyone do you see like if you are two of them floating and I'm like one's like slightly that's really I don't know about this something's fishy with that ping pong ball they have a nice VCR
00:19:46| sound oh we all know tapes that wants their VCR quality because of rewinding and rewatching hmm hmm I only get into gambling stuff but we can talk about gambling in the future
00:20:02| well hold on all right so you really win the lottery yep let's say this really happens at your local store yeah holy hell your number gets cold on TV how much time you mean you got my ticket
00:20:14| you're jumping up and down you know I don't want to do it never happen to me really really going nuts do you call your parents I guess I call your parents would you no I wouldn't call anybody I
00:20:27| don't think I told my call your guy her parents you wouldn't tell your wife oh I wouldn't tell her not immediately shout-out she will tell somebody else she she cannot keep a secret
00:20:40| interesting you tell you tell ya well I'm watching it with my girlfriend roommate like my son he's gonna be four soon you might tell he's definitely gonna tell don't tell him anything
00:20:54| dad one lottery oh really so this is what I would do okay I wouldn't tell anybody I might set a message to like if I were to die they would find out that I had the special
00:21:07| ticket in my safe upstairs and maybe give them the combination ya know and then tonight what what most people do is try to do like a trust so you have to find a lawyer so in order to get a
00:21:26| lawyer that won't steal your ticket first you have to sign it and they say make sure you sign it small there's one of the the notes that they told me so that you can then right over top of it
00:21:39| and say trust via this person and you're the you're the trustee hold on write my name real small so you can what what the hell is a trust for those at home so a trust is uh I would say it's a
00:21:54| financial instrument Lea legal yeah sure oh and say it's a corporation made up corporation the made up one like you make it on the spot kind of it's an instrument that holds money and then
00:22:02| doles it out so you can make like in a blind trust which is controlled by somebody else which will be the all guy it which will be a lawyer in this case for the lottery and you had
00:22:15| yeah well you dictate the terms ahead of time and you make them so they're irrevocable so you can't change the terms so an irrevocable blind trust you would make and then the money would go
00:22:26| there and lawyer would be the one who'd be the face person so no one would know who you were well then I heard not to trust the lawyer with your ticket you sign he'll
00:22:36| still has the ticket you have signed it you sign it you could keep it you photocopy the shit of it I've actually heard this you have a copy of like nineteen times I would with their
00:22:45| name on it whatever you don't use it I own connect to the internet though share on Facebook Boop oh wait don't for them one can take a photocopy birds new your picture no hangs up they'll know who won
00:22:57| though if you if it gets okay okay okay so you want to stay anonymous is the key listen if I just won you're told me to form a trust and divvy it out I don't know jack from Jill problem jack all
00:23:10| that's Mavis one shakes problem so hold on you anyway - who do you go to Buddha why you look at the lawyer for this times huh you have to look at the biggest lawyer firm in the city that
00:23:23| you're closest to uh-huh I know why make sure they're not mob oriented you can't make sure you have to just assume that they're not Italian yeah don't you tell you don't
00:23:34| trust this guy you have to use not your mom-and-pop lawyer right yeah because the mom-and-pop lawyer doesn't have enough funds they would steal your money and take a ride suit oh right right cuz
00:23:55| I'm taking 300 million his practice is worth even if it's worth five million yeah does he get the damn even if his school loans are a million whoo kids a damn yeah because I have to find a firm
00:24:06| who's worth more than your ticket is worth so then you can soon as I still anyway get all your money back plus you can sue a guy he makes a million a year what's he gonna say uh yeah I'm bankrupt
00:24:19| now your ticket I sell has since been all your money it's gone he he put it in so Switzerland er so you have to go find the biggest law firm mm-hmm make sure you ask for a senior member
00:24:32| right yeah don't get screwed around and this trust and then did they bring the ticket to headquarters in Atlanta or wherever the hell it is is it somewhere I've no idea they should but some of
00:24:43| them so if you're in a state that does require you to show up so if you want to stay anonymous you can and um didn't some Delaware okay Delaware Kansas Maryland North Dakota Ohio South
00:24:55| Carolina Texas Georgia and New Hampshire maybe as one lottery ticket finder um found out says she wrote her name on the ticket and then said oh I want to stay anonymous they're like but you know
00:25:09| wrote your name your address your phone number you wrote every piece of information on here it's public record now so she fought and actually won she won the right to be anonymous in New
00:25:19| Hampshire after everyone been at this is now it's an okay sushi she will they refer to her as Jane Doe they don't refer to her as a real name it's redacted but most lotteries require
00:25:31| additional um is all redacted huh okay that's like yeah I'm looking for Jane Jane Jane you said no what for Jane Doe I got her but if you do have to go some people use
00:25:42| a disguise they put on like a horse mask or they wear glasses or a hat of Dan or they get that would you tomorrow rush yeah they get they just go in like this you do have a Unabomber risk look okay
00:25:56| Dan have you seen my poster before I don't look yeah I don't look suspicious at all even bother pretty good pretty good pretty easy Unabomber yeah thanks I've been working on it for a week I'm
00:26:12| signing my name to something I'm trying to rename remain anonymous but I don't know if I can that works yeah I think you're screwed cuz you're in Pennsylvania
00:26:21| okay that's fine I'm screwed so then I'm giving it to the biggest firm ever I'm telling them I won like to call the lottery agency and tell them I won hey it's me no I'm going in tomorrow I
00:26:34| wouldn't I don't know because it's public record who they talk to I think so they could might be able to so you want to change your phone never change your address you want to go ahead
00:26:42| to pay for this never pocket before even win the lottery yeah so if you're broke you're screwed the poor people are screwed again so you want to set all this up
00:26:49| some people say settle hold on trust I in a burner phone okay right yeah I'll buy a burner cricket okay Cree's a payphone I'm not a lot of those you know the thing there's only three left on
00:26:59| state whatever office is I'm saying I won I got the ticket I'm gonna come in in three days do I have to tell him no is it gonna have the cheque ready for me don't think on the back of the ticket it
00:27:10| says it's good for like either half a year or full year your employer so it so that's legally binding but if I show three months on a Wednesday they're gonna have my check for me you know I'm
00:27:22| saying yeah if you want to show up whatever you want to show up give you one of those gigantic as hell I just show up I walk in the door of this building and no one's waiting outside
00:27:31| the building now you show up and there are people waiting outside my building that's why you wait you wait you wait a month you set up this trust you know someone else go for you and then once
00:27:41| all the money and ran your own bank account through trusts what was the question they know someone won right because it's yeah there's a winner mate yeah they know the numbers that were
00:27:51| doled out only one office has the money correct do you think a news agency just doesn't have someone sitting outside that piece 24/7 they're probably worth them
00:27:59| yeah I don't think they would stay out there for a full month well that's why you waiting heywood well she would want to get everything lined up so you'd want like even like a will like a state
00:28:11| planning you want this all planned out before you even touch the money you make sure the money doesn't go directly in your bank account and just sit there and I didn't tell anyone
00:28:19| obviously because you told me not to all right no you already already told your girlfriend your dog oh wait you go to the doctor and then hold on a quick memo got a bill today oh yeah um well the
00:28:35| priciest part of your dog guy the injection I thought so guess what 26 bucks oh my god I could avoid one at home and done it myself but anyway but also the blanket that was my blanket
00:28:52| I'm gonna build them what was the visit because it was a weekend off hours and Bree Mason actually are expensive how much is cremation butter bucks we all said private cremation looks private
00:29:06| about it you don't cremate with other dogs if you stick them all together you know yeah you know how I know I don't know yeah because it's expensive to turn that thing on burn a body and then
00:29:18| collect the ashes do you want for private to it we didn't say one way or the other my guess is there weren't any two other dogs that died that week so you're
00:29:27| forced to take the bill for the other dog yes now my guess is if it's a heavy dog death week that they um they're like nobody's private we're throwing them all and a businessman we throw them all in
00:29:39| cook them all at once and we split up the bill do you think they do it per pound because it's kind of last longer yeah it is on it is because um it was a price range than the old 3250 and don't
00:29:53| get me started in the 110 I kind of want to go and find out what the prices are how how would they look at you if you went to your vet they were like how much does cremation cost for a forty iPad dog
00:30:09| where's the cutoff yeah we'll be back tomorrow what have you 40 pounds yeah he's 38 your scale hold on we'll be right back well I have another scenario for you so say you're on the street and
00:30:28| you listen to some song you're wearing your expensive headphones yeah and you have your phone and then somebody comes by you they are an acquaintance they they're an acquaintance but you don't
00:30:38| only know I'm not well and they say what do you listen to and you're like can I can I have a listen so they're they're wearing your headphones they're listening they have
00:30:47| your phone they're holding their phone because you're just like I don't want to hold it myself and then something happens they drive by they get shot they're bloody you're
00:30:55| holding you're compressing YouTube at both hands just saving their life paramedics come by and they put them on the ambulance and you're just like what about my headphones can I kind of
00:31:06| get my in there slightly grabs the headphones quietly pulls them away gently gently I mean if it was a lower body injury like you got shot in the gut or something I might request this hold
00:31:22| on this is gonna sound sneaky but it's gonna be sneaky it's like a friend of a friend the friend of a friend and someone I know it's not like a straight it's yeah the role I played in this
00:31:32| really did this really happen our mags take a long time to get there to keep this in mind they didn't show up instantly yam you gonna hold the same oh my god I'm distraught I'm holding the
00:31:42| stomach food let's let's clear your head and make sure you can see properly lay down and as I'm helping them lay down I might remove the headphones because they're getting in the way you know what
00:31:55| I'm saying but anyway I remove the headphones and put them to the side he's laying down but the cores is underneath of them and wrapped around his arm not these bad boys you try to lift up his
00:32:06| eyes to unwrap the scuse me okay could probably discreetly try and remove it because not because I'm about material things and all that or they were really expensive but because I don't need that
00:32:28| sitting on you as your life may be leaving you yeah you don't want to put the onus on somebody to give back their headphones when they could be on their deathbed I'll be like I just don't want
00:32:40| those headphones marring the death honestly let them die clean let them die naked got a nice shirt - you were a few shirts and what I'm slightly bloodied it'll come right out look at this a
00:33:01| little bacon said it comes right out a little bit hmm I don't know and there was a reason we got into this yeah I believe it was because lottery tickets covered in blood are still valid correct
00:33:18| I don't know actually if you can I think if you can scan the barcode and read the numbers than it is you're good yeah I don't think a fingerprint counts as a signature either
00:33:27| how hard is it to fake a lottery winner that you probably fake the numbers but I think the barcode is unique so one computer has that information mm-hmm yeah there's no way to hack that
00:33:42| computer correct I don't know maybe how much would it be worth to hack that computer it worthwhile how do you know the lines doesn't happened already my guess is it's worth hundreds of millions
00:33:55| tag that computer my guess is not actually connected online I mean I yeah I think they would disconnect it and then leave it it was like a one of those extra computers in the back
00:34:04| lock it up based on the 1998 like Windows Active plan as a limit but I get to see that logo all right all right so we'll fast for a little bit I know this the beginning was long drawn out but I
00:34:22| really wanted to know how we're getting this money yeah get the ticket it's real you're there maybe you're not there maybe your trust lawyers err who knows they say yep that's it does it take like
00:34:34| play for hours for them to get that into your banking out there I don't have no I do use don't use a regular bank anymore do you cuz they're only insured up to popular topic today I would yeah you
00:34:49| have like a you could probably tell them a number of banks I don't see why not maybe the trust would accept it and then just banks somebody said to use two trusts like you have a trust that's like
00:34:59| kind of like semi-public that takes the money and then so that gets recorded in whatever state ledger and then another trust takes it from there and then gives it to you like it's
00:35:09| it that's your trust like that's the one that's secret secret trust like what are you putting all this money into a checking account no that's clearly a savings I would
00:35:19| before before you divvy up cuz I know you're gonna meet with financial figure with some money mutual funds what is together the market I understand but what is it sitting in who the hell is
00:35:30| what's the biggest checking account in the world do you think there's like so is one rival in their checking accounts like there might have ninety-nine trillion dollars I'm gonna invest all it
00:35:40| into just a bank account okay oh no you don't invest it but it's gotta go somewhere all right so you hold it there what say yeah as you slowly drain from it right well even quickly drain for me
00:35:52| you can divvy it up in a week are you scared of bank accounts do you have a backup no it's the weirdest thing to think that a checking account can hold like trillions of dollars I feel like
00:36:08| that would bring on webpage like you click like your bank you sign in and then it's like the numbers just like you have to scroll over yeah yeah no and then you have a good glitch where it
00:36:20| doesn't show up just like say it's error and you just like aah Acme so that is one of the things that people have won and then they've they've been tapped so they've been watched and
00:36:30| they're their internet usage and they somehow it's like a key log or someone acts in and watches them and as soon as they get their bank account information they steal everything they can so it's
00:36:40| easy to steal hundreds of thousands of dollars where do millions of dollars go another bank account Cayman Islands Switzerland crypto current so what would you do with your money you personally
00:36:55| I'd split it up I buy multiple houses land I put it in stocks over time I put it in bonds Treasuries I'd split it up as cash and then I buy solid gold bars and wheels of cheese roshanda Ruggiano
00:37:14| as they say in the biz PR head as they say in the biz when we first did this exercise I allotted myself almost half a million to buy a car yeah Porsche 911 Turbo S when you get to this
00:37:34| number like over in the $200,000 range because I didn't want to be like five hundred thousand cuz I felt like I was wasting half a million but I'm not gonna buy a regular jackoff $90,000 car and
00:37:45| I'm like I feel like so in this range there are only like ten major vehicles that showed up I'm sure I could buy a lot a lesser vehicle really upgraded wotty Lamborghini Ferrari
00:37:57| Lamborghinis were too high I think they were in the 400 range okay some of them I guess is out of the monitor but that I buy that I wouldn't say I feel like you're wasting money
00:38:08| there me and my hundred and ninety thousand dollar base body but I did the I did this other thing I would buy the Porsche model I can find mm-hmm without being
00:38:22| ridiculous and would you call it a Porsche or a Porsche at that point I'd call it a Porsche because no I know you brought in this much Edna syllable yeah once you buy it
00:38:32| Porsche active and when I built my car from scratch on scratch on the website I had it like I couldn't not buy certain things and I and this before but then get recorded I've left the orange color
00:38:47| because it looked badass and I love orange and it's crazy that I wanted different wheels than a stock model you know you're like I'll shop around I'll look at the other wheels
00:38:57| I'll pay an extra thousand bucks for who knows the 20-inch carbon fiber wheels that were black and look just cooler or fourteen thousand nine hundred eighty dollars extra holy shit this is what
00:39:11| happens with rich people stuff though when you buy a whole new car you couldn't that price but like what are you gonna do do you really want the Porsche that you're like why shouldn't
00:39:21| want the other car you just spent two hundred thousand dollars you have to get what you want so I think this is where they get people like I read I added a rear wiper like yeah you know much that
00:39:33| was three hundred ninety dollars lion it's for like 40 bucks right but now like somebody hang on the roof and do it for you for that high priced but but if I'm really getting the one painted keys
00:39:46| I wanted my keys painted the color against Kazem eyes all of that over here to Taiwan I took me like 20 minutes anyway the Bingle base is at 190 right after I was done with all my stuff
00:40:00| I ended up at 233 thousand dollar bill plus taxes title and registration which is the minute it's like almost $19,000 for that stuff here a quarter of a million dollars for car right and it was
00:40:13| a base 190 come on folks and then I figured out what insurance would be in the photo area for a Porsche 911 Turbo S you can't just buy the half-ass insurance you have to get full liability
00:40:27| insure every inch of that stupid thing like 4,000 books a year I see all right the president then also you have to get it serviced twice a year to Porsche certified center otherwise I guess they
00:40:41| met you I don't know you lose your warranty I'm not there's expensive car you've ever bought done you're done so that though if you're buying the most expensive thing you have to spend so
00:40:51| much money on it because like you can't hand pass it few magic I was like I didn't want to get the wheels they were pricey and told me you spent $200,000 on car and you got the wheels we're pretty
00:41:01| link you don't I mean like you having to do it the the most scariest part about driving your car around is that if you're driving a bright orange Porsche it would you drive it you're news yeah
00:41:14| there are people that would love to fall in front of your car get injured by your car always follow you anywhere you go bang it's the war who knows CBS oh so you have to have a bodyguards and then
00:41:26| if you're driving you're liable you have to have a driver drive you're really expensive car for you it's not and then you also have to be off the beaten path enough yeah and have your own gated
00:41:38| community almost to get home because someone's going to follow you yeah so that leads into a less quitting your job which I guess you do as soon as that money hits your bank account and you
00:41:50| have to because you're gonna get it stopped followed bothered all that garbage yeah and then buying a house in an area that meets all your criteria so what's your what are your criteria yeah
00:42:02| are you first I want a house that's by a river that's in an area that's rural but close to a city that you could actually agree with you farm crops on build a mansion artist
00:42:14| and think of the crops then wait see your arm will you you want to build your house from scratch is that it yeah why wouldn't you you have so much money I guess Oh get to sign it yourself I'm not
00:42:25| a good designer I would want one that's built by someone who's really smart and designed an amazing house billion-mile cutout kitchen buy whatever like I don't know give all the time of the world
00:42:35| though you could do whatever you wanted you could plant it out you could just have a starter house that you fuck up but exactly I'll fuck up a house and be like why did I put the bathroom in the
00:42:44| kitchen I mean I wouldn't I would think of that but like there's just certain layout designs that I'm not I want a secondary toilet for one I clogged the first one and have someone else handle
00:42:57| the Pender she every toilet or when one's being used we do the clog the first one I want that space toilet that just sucks it right out here like an airplane I'm like an International Space
00:43:09| Station ass like my shit I said airplane I'm in oh well similar yeah I guess if you completely seal the bowl on the airplane it's gonna and flush the only say not to do that it's gonna pull out
00:43:20| some of your distance just prolapse them a little bit just a tiny bit a little bit oh but I imagine that how much do you think that cost to design you're saying the Porsche is ridiculous now if
00:43:36| you're not designing a goddamn suck air out of your bucket no no not the house oh you run into so many things when you're rich that I feel like costs way more money than oh yeah an average
00:43:49| they're gonna know that you're not a normal person and they're gonna charge you it's like weddings like weddings cost 10 times more than they should because they're getting married oh it's
00:43:57| a special occasion oh you're a millionaire already we don't have to pretend that we're gonna go cheap on you is it because the markets not saturated so there's nobody yeah
00:44:06| there's nobody up there buying you know two million dollar compound in the middle of nowhere next to the city that right surgeon is screwed because the opposite of capitalism essentially
00:44:17| there's no other people offering that same service for cheaper right exactly yeah we would have a lot of requirements I got one solar power essentially like in a
00:44:27| a little bit to not look like a bunker oh you also have the problem of raising kids like what is your kid gonna be cut off from the world he will if you do it too far away from a city I'll be weird
00:44:41| but how much is not far enough away like is he going out and playing basketball or tag with everyone like you live too far away to play tag don't you you're gonna drop multiply tag and pick him up
00:44:53| in three hours that's weird not leaving you're not leaving your billion-dollar kid alone for a couple hours like tag in a neighborhood you can always have a decoy house like I've seen
00:45:03| I'm like you open the garage door then you go in and then like your gatekeeper looks there and then the back garage door opens and you keep driving through to the next house
00:45:13| just a nailed nice camera that just a nail bet it changed seems like that's a lot of money for a fake ass seems to cut the grass on that big house this is getting why would you cut that grass
00:45:26| like oh you're responsible cords you have to pay for a lot maybe you're not going to get out on your vinyl and stuff now you got more land you don't wear grass to cut more snow to remove Krejci
00:45:43| yeah you've got all these people you probably have a maid you probably a driver I have bodyguards all right fine a planner a lawyer and now you're letting all these people in
00:45:52| your house your inner circle really close to your kid really close to your jewelry really close to inside your house and ridiculous dear furniture your cars so one of them is bound to be
00:46:03| either a screw-up a druggie or like someone who's gonna take advantage like a con than someone who's yeah conman confidence man when his goodness disguise what they are trick you if
00:46:14| you're gonna hire someone to look for your people yeah I guess you have to have have secondary people to monitor your people so all of a sudden your team of my
00:46:21| people goes to ten now this is pricey folks yeah yeah ten people constantly are year-round at minimum wage even that's expensive that's almost a price of a poor shot out
00:46:30| of your pain are you are you paying the minimum wage made honey or not dude middle are you wait minimum wage bodyguards honestly he's like like do you even own a gun uh forgot
00:46:45| mine they left it at home you're like God that's a rental I reckon it's to get him back by midnight I mean it's just you've run into a lot of stuff that I don't know how to navigate yeah I guess
00:47:03| if you weren't into wealth it is easier because a lot of that stuff is already set up you're already you got a pipeline into the best housekeepers the best gardeners
00:47:12| the good ones like yeah I mean you're talking some very Scottish I want the best gardener I mean the trustafarian accepts all the money that they are given you know it's it's down or in it
00:47:27| so they don't know that's the problem too is that if you have wealth that you're passing on to your heirs your kids grew up expecting about it yeah so you have to kind of so this is also a
00:47:37| part of what I would do is that I probably wouldn't necessarily tell my wife until I had the money already socked away but I think the smarter play would be you know she might notice but I
00:47:48| would probably start my own business say it does something ridiculous and then it's making a ton of money and I slowly show her that I'm making a lot of money through my business not through winning
00:47:57| a lottery and then she what does guys this is doing really bad but it's fake money it doesn't matter I know I understand yeah it's a Friday hours are you spending baking a business now to
00:48:08| let your wife not know you won the lottery sounds like a pretty elaborate thing so I do a little divorce their wives right away so I'm doing the honorable thing you know I don't succeed
00:48:18| in it there have been people that divorce otherwise so they don't have to be 50 so 33% of watery winners under 100 million we're not talking about us big ballers uh-huh um end up dead divorced
00:48:34| or bankrupt so witness 33% is that your number there's a research wow that's a main real number from Forbes I think or someone that's a lot if people who win under a hundred thousand look at you 180
00:48:46| million what was the stat it was like you're 20 times more likely to be killed and then right a hundred times more likely to be killed by a family member the worst
00:48:58| you're like you you're 30 times to 20 times more likely to be involved in a lawsuit like all these things what I was gonna say quad triple what what I can't say quad deca the DECA quad my cat quad
00:49:17| bill I don't know hey Google that's what they do that's a lot though but either way your life your length is gonna change and why do they say not for the better like we're kind of getting it and
00:49:31| divorce if you go to rancor comm there's a 11 little lottery winners who died tragically at these people maybe they won like hundreds of thousands of dollars ever heard one today guy want 20
00:49:42| million and he was broke and killed himself within two years that might have been like Abraham Shakespear he won 30 million dollars he was he was killed there's one Andrew Jack Whittaker he
00:49:56| actually had the businesses that had a construction business worth 20 million dollars before the lottery and then after lottery like so many things went wrong because he was carrying cash
00:50:06| around people break into his car still half a million dollars of cash and then give a word like his own family we're trying to extort money from him and he had somebody like died of a drug
00:50:17| overdose in his house and he got sue : I actually know young his daughter was dating a guy I don't know if it was marriage or just serious dating for like years and years yep he overdosed on
00:50:31| heroin she was he was giving her $2,000 a week in just living money and here's two thousand thousand and then she overdosed I don't know which one happened first her and then him and then
00:50:42| her um the family the boyfriends family they sued him because he enabled this by giving them money he calls them debt and they sued him for a few million they want did you hear the townspeople have
00:50:57| you going to the bars so he still lived in this fairly small town Yeah right was in Texas trying to live your own life I don't know if he was in Texas either way it was some southern e
00:51:06| State and he was still going to the bars like you know you learned he wanted to still be himself so he's going in there and he felt like he was poor before he always had money he would go in and
00:51:16| throw around money and buy stuff by people drinks trying to help out very high rounded drinks yeah he's having a good old time he's the mr. rich you know he was sued like 8 to 12 times by men in
00:51:28| the community for making them feel inferior wives there are digital z1o he said it would threaten them it was only for like $400,000 or whatever but let guess what that's ridiculous
00:51:41| no one's ever sued me because I made them feel like because everything brother wants and I try every day man I trust lawsuit against Nick feeling inferior at the moment he's like his
00:51:52| hair 9 to 5 1 1 talk about money that I didn't have no um well that's what happens people get abducted as ransoms kidnap yes like you can't I don't think you leave the country if someone knows
00:52:10| that you have that much money no I wouldn't go to some other country or where I don't know the ropes like I don't know the government don't know anything yet remain anonymous or have
00:52:18| lots and lots of bodyguards that you trust it's a little bit like um everyone's drowning I guess and then someone shows up with like the super shiny life raft right in the middle of
00:52:28| everyone you know and they're all sudden everyone's grabbing on it's like that is saying yeah it's like that life raft is made of chrome this has been CRO mised and then you I can't look at it cuz it's
00:52:37| so bright shining but you can feel like everyone's drowning yeah they're all running towards they're grabbing they're grabbing they're grabbing them : they're in a bucket are they trying to cool down
00:52:46| the raft so they can grab onto the everyone just wants a little corner I mean they're not trying to take your whole raft from you but everything does get 1 million dollars when you only have
00:52:56| don't realize your gardener is expensive your Porsche 911 the wheels cost twenty thousand dollars that's more than like yeah and this guy is inferior so he gets $400,000
00:53:07| triple hot um did you hear uh someone I listen to all time Joe Rogan Joe Rogan reason hey yes I think is a podcast and he did one with the poker winner oh really
00:53:20| okay Jack something guy uh took a hundred billion millionaire from poker he just plays online poker we go listen this podcast talk about how money can't buy happiness and there's a scientific
00:53:36| reason why not well do you know why it's got a jackpot I don't uh in the olden days they used to have it a game where you would keep adding the jackpot until you actually
00:53:48| had a pair of jacks or better though you won the pot by having jacks or better interesting to the jack pie mmm-hmm I thought had to do with something off I'm even gonna get into it but I really
00:54:01| thought I had something to do with it [Music] hmm-hmm-hmm indeed you know but uh baby hmm who kings help each other that's checkers it's Friday night so your
00:54:20| online poker player Jack yes Jack what's his name I thought began with a K that couldn't give you his exact name I was just listening to him more than watching the
00:54:30| podcast bill Rogan poker winner Jack Dan I mean I'll teach ya hills Aryan now Oh what's dan Bilzerian I know we said Jack you haven't asked for anything about the jackpot it was it was anyway he was
00:54:45| talking to Dan Bilzerian super rich super wealthy Poker man's and say his net worth ancients oh let me see here he could've going down since I podcast that would be embarrassing yeah I didn't keep
00:54:56| talking but the reason being is he said when he was a teenager he wanted a Mustang than eighty whatever Mustang kind here he grew up which one he wanted he really wanted it and someone had
00:55:07| gotten him that Mustang is happiness we've been at 10 just a 10 and a 10 like that's as happy as you can get on a million dollars net worth that's not bad that's not I thought was
00:55:17| more but who knows um I guess you can still buy Lambo anyway he says um just like a month ago what he's talking to Joe I bought a Lambo and my happiness was
00:55:28| like a seven or an eight because I kind of always wanted one mm-hmm but I went from a BMW m5 I cost some three hundred thousand dollars or something the Lambo which is a five hundred thousand dollar
00:55:38| vehicle so it was an upgrade like he's cool like with Linc how much cooler was it versus when he was sixteen he didn't have any car and he wanted that Mustang like that was a 10 first Mustang is so
00:55:48| important it's not just that it's also like he um says if I went out and got a steak dinner right now at the best restaurant in the world I don't care what it cost me
00:55:58| I would enjoy six or seven out of ten but like he goes home he has three chefs at his house I'm getting a steak dinner that's also a seven Ernie it's like I can't I can't keep upping it you set the
00:56:12| bar so high that you can't beat that bar money can only buy you let's say you're ten whatever the heck you want to be well if you have a ten food a 10 car or a ten wife I will said broad that's
00:56:25| offensive and this what are you gonna do next week next month what's your next car purchase is it gonna be at 11:00 tonight at 10:00 they don't make it a livin out of 10 a little bit diminishing
00:56:38| returns I know you love diminishing returns don't you I'm curious what you would buy is like I think I would buy like the best electronics like the most mom I have
00:56:47| like four monitors ridiculous but I don't think I didn't buy the hdr+ right now and well they do they are selling the hdr+ or K 1 millisecond monitor a day almost
00:57:02| yeah almost and it's that's running for like I think $1,800 or something I Bobby let's say you sure why we have it if you bought it you already have it and then anyway I mean here's the other question
00:57:15| what mediums are even purporting an 8k didn't need one millisecond and have 160 refresh rate like there is no medium that even uses your guide they have hardware yeah and then I'm going to
00:57:27| the most famous twitch streamer because I'm gonna have the hugest advantage in computing power and make not enough money to make it worthwhile you wouldn't know he would even be no
00:57:37| more you'd be like number four hundred people would write you off because you're already starting with a bunch of money it's like people who are born out of money it's like I don't respect you
00:57:45| that much because you didn't get all the way around the basis you started third base you know it's not right right even if you're a really good player you still start at their base right there's no
00:57:54| really good player you really know like you have all the materialistic things that you possibly need it I mean the only your needs are already taken care of now they say that somewhere between
00:58:08| like 75 K and a hundred K all your needs are net all your all your needs are met so everything up from there is this bothering to addressing yeah more butter it's extra butter on your croissant
00:58:20| which is Pillsbury and is already buttery you don't need any more butter a man's in practice and they'll and I'm Chris so buttery that's it roll tasty so like the other thing to do is to invest
00:58:35| in other people so you what do you do your own startup so I start expanding okay yeah Shark Tank ish but then if you start if you open yourself up to it like
00:58:45| a shark tank scenario how many people are gonna start pitching you you have to block out all those people yeah and then your family what about relatives they say yeah they say don't build with your
00:58:55| eltis what do they actually say number one your relatives are one of your biggest enemies by not by own purpose but by a hundred times more your enemy because they're gonna kill you fam
00:59:06| familial homicide know where you are they know you're not going to put up as many guards against em remember as you would against a stranger yeah and if you give them money and they don't do
00:59:15| anything with it they'll just expect that they're family they're allowed to do that right and if you mean your sign the contract they're probably gonna cry cry bloody murder because you made them
00:59:25| how legally responsible you think you could go on a dating website if you $5 knew you're single I mean what swipe which way Lois white direction is good I don't know why bright baby why bright
00:59:37| what do you thank you what do you say I'm not a winner two against goes into like me starting a business that's successful so like when when my wife thinks I'm
00:59:49| getting all the money from the business show respect the money more and then my child when he grows up he'll figure that oh my my father is a successful businessman you really think you're
00:59:58| keeping this secret length for this long I think I am I don't I don't think you I would tell people the only person I might trust is my dad because he's financially savvy enough and he will
01:00:07| keep it quiet why would I tell you well what are we doing they're still good in the podcast like I will pretend to not be a multimillion I could have billions of dollars right now how do you know I
01:00:17| get a lot of tickets I got a lottery ticket plan they lean in to the left behind you like towards that final look at them what's the one beside it going are they is the Sun in the
01:00:27| middle of your window it's weird because I think it is well you your gardener you need to pay him more you're a multi-billionaire yeah trained my perfect bonsai I think I think you're
01:00:41| getting a better guitar is what I think you're gonna slowly see things that are just been plated and plated in gold they're either golden on the inside you know won't see it yeah I don't know and
01:00:55| I think it would nose hmm I might have like a serene aura about me join the circle Nick let's ride the carousel we're gonna go and down and around what you said ride the carrot so I thought we
01:01:13| got carrot hair so yeah take a nibble weird you know you want your kind of hobbies what hobbies would you get into because that's what you end up having to do all right
01:01:23| I'm gonna get them the most expensive hobby possible ice hockey no um what would you do good one I do that you know that there's a lady I do work I do aquariums I think
01:01:34| hey hey what was the biggest aquarium you could buy it with the how many I actually don't down a little how many gallons a big once I just looked up like a exotic fish I need like a $90,000 one
01:01:45| those all the animals on the Galapagos just put them in that giant aquarium yeah it's so cool though but I mean like they're individual fish that are like fifty to ninety two $130,000 per fish
01:01:58| and then again this Monday night well hold on is it guaranteed what if it dies I'm like a week are you like oh sorry little garden no babe but I mean like how much enjoyment can you get out of a
01:02:13| pitch just watching it swim and your things like this is thousands of dollars I've been doing that every time you want I definitely did I would totally get into it done and brag about it everyone
01:02:24| and my wife or whoever my third wife would be like I don't could you do something than risky like skydiving would you be would you allow yourself to do that I don't know I might I might not
01:02:37| I guess you can go down that um so here's I think I could get into hardcore drugs and like dangerous lifestyle like Marley do lots of crazy drugs because there's no responsibility it's a little
01:02:50| bit like you know you know the extra safe route but you can also go the on the bad-boy route I have all this money and then it's crazy get a Harley guy diving all the time I think you start to
01:03:02| hang out with celebrities and see like because the celebrities might have as much money as you at this point they're probably not fearful and you're gonna take their money it could open I it's
01:03:11| like like who would users like it was it a forum like do I is there somewhere you go where you meet them and everyone's like yeah it's called doing the upper echelon for them
01:03:21| you don't associate it with those in the under apple on i guess but i don't know i don't know where to start i really have to see what am i wearing that night who else is there
01:03:31| like it's somebody at a bed loo I don't know these things I'm new here I think I like what celebrities would you want to meet you I don't know because I don't know what I'm with the celebrities are
01:03:41| looking on in closed doors and cocky honesty is really cool do we cool and then in the matrix base I will say that you gotta go for ones that are not like vapid not like a B C and D
01:03:53| I don't want to say their names but like Kim Kardashian probably don't wanna meet and like she will probably no but I mean that goes without saying she'll be everywhere she'll be all over here so
01:04:02| much money don't think so she's got enough money dude do you think she could she with an extra 100 million like honestly count it every dollar maybe I read a
01:04:15| stat that um Pablo Escobar started burning his money just because he was bored and he wanted to like it was a cold night to keep his like daughter goddaughter warm mmm who's just burning
01:04:28| thousands of dollars because he was like well no anything else to do with us yeah well the girl goes yeah what else he was doing sometimes crazy I read and I was like and he should just sent it to
01:04:38| me and mmm no it's thinking I feel it was something ridiculous beating it to rats I don't know killing people with money throwing it out his window like not crushing people with million dollars
01:04:51| yeah how do you like this I got it 1 2 3 a pal gave me 2 million dollars right here I mean you start up and whatever hobby or thing you're into and you buy the most expensive that but eventually
01:05:03| it's bored yeah how much I guess that's one of the weird things is that now in prison time like unless your hobby is high-end cars I mean you could spend a hundred thousand dollars and be
01:05:18| completely decked out in everything I mean computer yeah and like I was looking up against Texas bases during this and I think I guess like some $10,000 bases but like that's not gonna
01:05:28| put a dent in millions of dollars to me no it's not you can have a variety of clothing clothing can't be more than one hundred million hundred thousand dollars you're not going to spend a million
01:05:38| dollars in hobbies maybe that's why there's such a small niche market or like some hundred thousand dollars or well that's that's pretty good it's like eight thousand dollars for a t-shirt
01:05:47| you're like what yeah and then none of these weird none of these really feed into like the bottom line of your happiness though I feel like most people are happy doing
01:05:57| their day to day life and if you're already our age most thirty you've probably experienced life that makes you decently happy you quit your job you take away your routine and then you
01:06:10| start doing crazy things like drugs or you buy stuff to fill your emptiness eventually you're gonna run uh stuff to buy and then you'll be left without holiness peace
01:06:20| in podcast was that you could buy pleasure but not happiness hmm that was the whole the den this is bazarian or enemy correct it was good point I mean this one that makes you feel good for a
01:06:34| little bit but how wealthy do you think Joe Rogan is because he really hits it kind of level-headed he doesn't seem like he's crazy wealthy but he definitely has he ends of millions I
01:06:45| would assume I don't think he's in a again he has a lot of weirdin yeah you know what might be just at the 10 million mark I'm gonna put him at 10 million and I will twenty five million
01:07:02| when I go up one of the richest comedians in the world really it's weird cuz he still tries to sell stuff I think it's part of his personality yeah I feel like he needs to
01:07:15| be I don't know he's one of these an oddity do you think it'll change you eventually the like 10 doesn't know I'm telling you you can still change in 10 15 years because I'm
01:07:28| becoming something funny that electro responds at the end I said you did fine love that rich it has to change that edge there's there's something you can't buy if you're rich it's an edge survival
01:07:44| edge my god claim do a bear grylls survival edge like you can learn how to survive in the wilderness are you seeing those Bear Grylls rich people no no no no well the rich people are now it's
01:07:56| terrible but it just accentuates how awful like it actually is if they do so somebody was talking about Bear Grylls doing a scene that he was crossing a I think it was like a crevasse that might
01:08:09| fall in like it was like a loose rot like lava field or something he crosses it and I was like oh it made it across and then like someone else went to the same spot you know five years later and
01:08:21| they did the same thing and then they pan over and like less than like maybe you know 200 feet from the road this cars left and right passing really quickly
01:08:32| he said that one of the people in the comments so that their their father was had a friend who was the cameraman and the cameraman would literally and most of the scenes stand on the road building
01:08:43| Bear Grylls doing something pretending he was in the wilderness well I mean that's editing in general I figure you get that in a lot of walks of life yeah plus you can do that 10 years ago
01:08:54| whereas now people will know where you are what you're doing and if you're actually doing it and it does it make for entertaining TV which no one watches anymore because who watches TV anymore
01:09:05| honestly would you still have a cable subscription if you were that rich I'm gonna have like three just why not yeah gotta give gonna give the cable company something yeah there's always one got
01:09:15| this package and gotta get that package hmm I guess we would be good with all this money not like we would what you go to Vegas don't like it contract some disease
01:09:36| really no not the one that bend your spine that's not a disease but um you really give yourself an allowance to certain things whether it's Vegas or something you know because you're don't
01:09:51| a spent so I guess the question is if you have here's a here's a question let's say you want it I got a question for you who had to go with me sure and we go to Vegas okay you know I tell me
01:10:02| ahead of time but you pick up the whole bill I'm the wealthy one in this situation right thank you no I know do I let you bigger than oh yeah I got this one day
01:10:15| and you'd be like all right and then you'd be like sitting on three hundred million dollars no I think I would cover I'd cover almost everything right but then do you do that every time you go
01:10:26| with someone on vacation or something or like I don't know where's like people I like you gotta get drunk enough to make them think that they spend money bro all right so what's your pressure for me
01:10:35| oh shit already forgot it how much do you leave how much do you leave to your your children like if you have 300 million dollars do you try to a lot a certain amount that will you pass
01:10:46| on to your heirs for intergenerational wealth I think only 10 million do you think indefinitely I mean I will try and save more but I'm saying I would have 10
01:10:57| million buck keysafe whatever emergency if I die I can't even touch it upon dying that kind of a thing right I would try and save them more but like that's like the bare minimum for you survive
01:11:10| for like at least a year or two and I mean ten million dollars so the perpetual amount is four percent of whatever you give them if you invest it all in stocks or some sort of a
01:11:18| portfolio like kind of what kind of money are you getting back if you invest it properly the admin are you paying a money guy because someone said inlay guy could cost almost 1% that's also a
01:11:30| mistake is that if you invested money again no money guy the money guy will take 1% of every year of what gets put into killers yeah so you want to just invest in index funds because index
01:11:40| funds will follow the market and they'll be just as good they won't steal you make them like 4 to the average in the market is 7% after is it that after you know it's actually
01:11:51| higher than that after inflation so you're set okay so you can indefinitely do 4% about 4% of whatever you put in so if you're giving your kids ten million dollars they can take $400,000 for
01:12:03| themselves per year every year for those of their life more money than you or I will ever make in a year probably so you know you'd start off your kid say like maybe I would make it
01:12:15| so that they get a little bit at the beginning make him think that that's like all I get like make sure that you're towards the end by the time they're 25 they can lock the whole thing
01:12:25| yeah or like I probably scale it up to like 30 or 35 like maybe like it's you know more at 35 than 25 is that what you're saying yeah they can earn it complete ecology another million or
01:12:38| something to go in your trust fund do they know though no I would like unlock it and like Boop it's like on their phone they'd be great it's like a little dude you've just earned today
01:12:47| $1,000,000 from your debt five drinks are on me guys always friends hate him that's what would happen love them we're love I guess I don't know cuz you're gonna make
01:12:58| love them.they what hit anyone is money I guess it's weird I guess I guess that's what balances things out is that hey if you're that rich you can't have that edge you you can't have a you
01:13:13| almost can't have a real relationship like anyone who loved you kind of loved you for your money even if it's not on purpose yeah we didn't even talk about the female aspect of this is that if
01:13:23| you're if you're married your wife hopefully stays with you but most of the time probably not you don't take her money and do her own thing yeah if she was wrong on everybody imagine if you do
01:13:34| you imagine if you give her an allotment it's not that much and she wants more like you're holding her back and you have how much in the bank like do any mean yeah I can already see it it's a
01:13:42| big fight mm-hmm she's like you had 300 million sitting there and I just want to spend an extra $4,000 on whatever shoes and you're gonna tell me no well what's in our garage a Porsche 911 Turbo S so
01:13:59| how much are they bitch finger Hittner and your pain or hush money oh my god it's so much money but I mean you just give her 40% do you think she'd be happy with 50% I don't
01:14:13| know that people would say oh you gave me a hundred and eighty million out of a billion dollars you like no you don't understand you could show her the paperwork but
01:14:22| would it what you get it and you would you believe somebody if they say if they want a billion dollars and said no look I only now you wouldn't believe them right I guess you can't believe someone
01:14:32| who has I'm like there's that weird yeah kids number one hundred million dollars I don't believe a word he goddamn says he lives in a different world he pays his gardener how much no he lives at the
01:14:44| end of the street no he does not have a fantasy that he's made be coy he drives through the garage to the mansion mm-hmm just a lot of problems that go with it that much money there's so many beaches
01:14:58| so many problems like another thing is you have to be isolated to is if you have like a fence and a gate to make sure what people don't hurt them it's like falling on the gate or trying
01:15:07| to get over the gate or trying to get in your house or your lawn we're trying to break into your gate yeah they your gate was insufficiently made so I fell on it and cut myself like
01:15:18| lawsuit inferior I feel inferior lawsuit oh you still my woman lost it I don't even know your woman she's look at any age she's totally into you she's here we're well that's good we summed up well
01:15:37| pretty good yeah it's awful it sucks it ruins everything divorce you're gonna get murdered we talked about staying anonymous don't go in with a giant pool of people because
01:15:49| they're gonna ruin your anonymity mm-hmm they will they go make sure you don't quit your job right away and don't try not to tell anybody unless you excessively trust them and they're not
01:15:58| going to divorce you like certain people over all the Lottery's a good thing for education because a lot of money goes to let education the storm about that though it goes to the school and the
01:16:10| school can a lotta however they want and it counts towards their general funds they get every year but I guess so what happens is then they they lose more state grants and things huh cuz it
01:16:24| stayed well I x-men dollars but if you got this from the state well now we're not giving you more money for textbooks or whatever that's like the state laundering money like a say you get give
01:16:32| it all to education but the state doesn't spend that much money so then the state now has more money which a politician probably has our hands over oops I'll block at this I'm gonna make
01:16:42| sure traffic is blocked and then we're putting a la minute next year for the same amount because we spend it all yeah we talked about someone's gonna probably steal your your money in your bank
01:16:53| account or in your car if you have gold bars or wheels of cheese they're gonna be all over those wheels of cheese man or digitally hungry Pope will be watching you make sure you don't log in
01:17:04| your own bank account online you're gonna be so paranoid they won't believe I'll spend the money all right I'll try to take your car all under your car get hit by your car or they're gonna try to
01:17:15| take your identity because that really your identity is worth so much okay it is your credit line your credit score through the roof what's your credit score like is it like a max it's
01:17:28| like a Bible feel like it is that the max so it's just you just they just thrown 8:55 on your name or like he's good mm-hm and that's like they leverage the amount of money that you have so how
01:17:40| much would they give you Anna you'd have trillions in debt if someone got it and actually could spend a trillion dollars like sir did you make a trillion dollar purchase at Walmart did
01:17:52| you buy Long Island really you can you can actually buy ones in non-tropical areas for about a hundred grand if you want a tropical area it's like 200 grand but it has no amenity so you'd have to
01:18:03| build something on the island right we're like food and supplies and everything to it there yeah which is probably like multi-millions at least right but you own an island which is
01:18:14| idealistic we didn't talk about going to paradise do you think you can really do do you think you could really go to like a beach resort and enjoy yourself a little bit which sex club owned it is
01:18:28| that what it's called paradise no way i I made it up and you always say long if you're fancy huh do not slide into paradise see you're going to an island somewhere
01:18:39| yeah like the vision is that you like buy a yacht and then you go to a beach and then you hang around and you just enjoy life at that point but I know like there are people that have talked on
01:18:49| podcasts about being hedge fund managers and making millions and then doing that and like even small business owners that head it off really wealthy they do that and they do that for maybe a month or
01:19:00| three months and they realize that there's something else ticking that boring if there's boring right it's boring just to be alone we're in his hell let's get the hell out of here
01:19:10| weird this almost begs into what life is yeah what is it life is a struggle I literally paid not to have the struggle then why are you alive now just indulge your pleasures I guess yeah then
01:19:25| what point is you dull the edges of your pleasure sensors until they're mean does the virus strong can't I mean you can't have as good a time that kind of yeah someone like Jack
01:19:37| Whittaker already had enough money he didn't need three hundred million more money no brutal in his life so I did wrote down at the very end in the margin like what what really matters your
01:19:49| sanity your happiness your peace your family hope is important love and health I guess you could clone make your own clone Bank keep your health on poor for the rest of your life I was gonna say
01:20:01| music and friendship which is what we had but it don't make a perfect clone in the other it would be okay yeah it took podcasts at the same time you think our clones would talk about the sea would be
01:20:12| which will be better if I could just clone myself and put myself into this other image down here what would I talk about with myself uh I don't know I think it would get repetitive because in
01:20:26| the exact same thing I can say the exact same bed exactly well we tackled wealth and I feel like we are richer for the experience yeah but we're oh good no I feel like we
01:20:46| covered everything I wanted to cover which could never happen yeah very rarely happens I think I'm good on thanks for joining like we'd like to folks at home certainly do police folks
01:20:59| done with the pocket square don't I hang out laundry to do I got stuff I gonna do you know you wanna borrow my maid your gardener all of them you don't need a body no no up working out so I get back
01:21:15| on but yeah look at this I gotta head out of town tomorrow I'll be back maybe a month or two we like you like you a lot
00:00:11| join us so I'm Dan and I'm Nick books are old friends dissecting one topic at a time people technology media we've got it all covered each discussion here is a deep
00:00:25| dive in or unique perspective a boo finding subjects they're all on the chopping block baby we don't pander to popular opinion planky get a little bit dirty morning this podcast may contain
00:00:38| mature language and sexual content and is for entertainment purposes only so join us have a good time open up your earholes heyy everybody I'm Nick and I just turn the camera perfectly Oh
00:01:08| fantastic Nick come down that's awesome well here we are we're gonna unbanned er about some moola some ching-ching - daddy's you know what I'm saying oh yeah cuz we won the lottery in our minds yeah
00:01:23| we sure did laugh about a week ago we pretended we did didn't we yeah um you want to begin at the beginning being us craving to have those millions of dollars a billion dollars imagine having
00:01:36| a billion dollars two years ago there's a jackpot of 1.6 billion dollars you just round off two extra millions yeah who cares about those 0.0 Millions almost nothing you got a billion get a
00:01:50| percentage of who wins who doesn't actual number I do have less is it a tenth of a percent oh you got the money on return you under the the odds because I have my
00:02:01| tickets right here you buy tickets to this Oh give me some odd dude huh is this the one do you remember we bought tickets um as a trust I think we did it works out oh yes I think it would have
00:02:12| we're done okay there method method with madness there were something like the Mega Millions it costs two bucks same thing with Powerball they're both
00:02:20| around your odds of 1 in 300 million so that's one person in the u.s. if each person buys one ticket Wow with a six hundred million dollar pot because that's how much money would have gone in
00:02:32| but these they roll over so they keep getting larger and larger until the jackpot is excessive and people jump all the rhetoric exactly - what what is that number based on cuz it's not the amount
00:02:45| of money they get in on betting is it no so there's like an initial roll over amount but the amounts that actually get distributed it's around fifty to sixty percent for a winner and then the rest
00:02:56| goes to and this is varies depending on state education administration of state general fund and then other like ten or eleven percent other other very vague other four millions of dollars signed me
00:03:13| up for other folks that's a according to just go to other um let's start from the beginning though so you got one and three hundred billion chance of winning right is that does it all it changes
00:03:27| with the bigger Powerball as I assume because more people are playing or it doesn't change at all so the odds are the same regardless of who's playing the problem is that most people think that
00:03:37| they're gonna maybe win at all get the frickin but when it gets larger than your odds once people think that you're they're getting better odds because the jackpots so large the odds of getting a
00:03:46| winner goes up that much more because it's so so much like fervor people get so excited it's not about they do allowed you here everyone's like oh did you get a few Powerball tickets yeah
00:03:55| it's up to X X and it's like cool woah that's you know what about our people em I'm gonna join our pool yeah everybody starts going crazy what's the biggest pool you think one point six million was
00:04:07| the biggest 1.6 billion sorry with a B was the biggest ever no no no um pool of people who you think like three thousand people over one one-time or something like that
00:04:18| everyone banded together they could all be on the same everyone you know say we're all along one ticket baby that would be interesting if you could do that and not have other windows ad
00:04:31| your return on investment is 50 cents you're just like yes yes I'll take the the $2 have a free $2.00 they'd be like wait is everyone will wait does everyone have to agree what we're doing lump sum
00:04:43| or payout annuity and they have be pretty awesome was it twenty year no he hasn't even look it's 30 year is it 30 are you completely different for
00:04:58| everything I think it's I think it's pretty much standard not sure what this standard 2530 somewhere in here I thought was 2530 but you said 20 I'll be know annuity is such a terrible option
00:05:11| because a you don't get your money right away you get the full pot quote-unquote but the return is like 4.5% on the annuity which you can beat easily in other other areas other areas yeah so
00:05:25| that's the interest on the money is 4.5% and it gives it to you over 25 years or so one among pal pal pal pal pal pal that's called an allowance lady yeah no I'm saying that's me being a tough guy
00:05:38| that's an allowance lady give me my coin and then you may not be able to enjoy it plus the state has your name on it so it'll be tied to you and it's just so you can't roll it over to anyone else's
00:05:49| at them anything like that etc right I can roll it over but you have to have just a bit controlling so yeah plus who would who wouldn't want to kill you they know that you're you have
00:05:59| a huge check right well who wouldn't want to kill you with the lump sum though you know I mean yeah but you could have redistributed that money elsewhere and made it very clandestine
00:06:10| you could have already set it up to not thrust yeah hmm so if you were to pick numbers is there any specific number than you pick no but I do go a lot of times 22 is my hockey number huh 23 was
00:06:24| on Danny Kentucky number and what's interesting is he was left-handed and I was right-handed for whatever reason I always played the left wing and he played the right way
00:06:39| of us is that one of us is getting thrown out of the game or physical violence I don't know so my my favorite number is passed on from my dad is 23 which I won roulette
00:06:52| I bet on 23 and I won six hundred bucks one time so I always put that number I might play 4 8 15 16 23 42 well what's all I was like what's to those numbers are from less if I knew what the others
00:07:09| those are the lottery numbers from long didn't catch that I only saw had to have the show that's okay show for myself it's a little crazy as you go I guess mmm-hmm and lottery
00:07:22| tickets the return on investment is actually quite low it's like max I died well the taxes on lottery winnings since there's a large you at 40% taxed about they get 60% of the money that's
00:07:36| advertised so after after you win it gets cut down to maybe sixty percent of that just because it's a lump sum if you were to take that option which is the best option and then you get sixty
00:07:48| percent of that as well so really that's in that he said in earning at the end of year two like they don't get you both ends can they what you mean legal that is the lump sum already reduces the
00:07:59| amount that you you would get so you wouldn't get the full amount if you were to take the lump sum right but then come tax time you're not declaring that re because you
00:08:06| had to declare it to get it I assume they take out like 20 or 25% initially and then you have to make sure you save enough money to pay the extra 15 percent or 20 percent however much it is so you
00:08:20| have to be careful not to spend all half a billion dollars in one year oh it's gonna be tricky very tricky so really it'll be hard hard to what to win spend it all um no in like a Brewster's
00:08:35| Millions kind of kind of wet in like a physical cash no I have never seen yet Joe okay the basis is it's a movie I want to say nineteen late 1970s where it's Richard Pryor and someone is going
00:08:48| to and him this is back in the 70s 80s a million million dollars two million dollars that's more money than anyone's ever seen before
00:08:57| just like blank cheque a little bit but he has to spend it all in let's say three days or a week two weeks or two timeline right and he can't gamble it you can't give any to charity and he
00:09:09| can't there's like a third rule Emily wouldn't give her out all right well no no but he has to spend that much to get that much again let's say the guy's gonna give him five hundred
00:09:19| million he has to spend five hundred million in a week and he'll get five hundred million if he spends at all it's like to teach him a lesson but can you really spend this much money what is
00:09:28| this money do you just buy the same thing over and over again I mean like get like twenty three thousand or something the rules were like no you can't feel
00:09:36| like keep buying the same car like that with it everybody muddled every car and you buy like the oldest car known to man I mean something vintage would it really
00:09:46| be worth that much can you imagine wasting money on that you could buy one of everything you know literally have one of everything yeah like one of every kind of
00:09:57| toothbrush stuff there's like 7,000 kinds of toothbrush I'm gonna spend your money on I mean why wouldn't she they have so much money watch Brewster's Millions and get back
00:10:07| to me okay rule 2 will do be put in here thank you so say that the jackpot is say 1 billion dollars and you put your two bucks a day and your odds are really low one in 300
00:10:20| million and then you win and then you take the lump sum there down to 600 million and then I also lost my thought right there so you return on investment I think you're going what a little
00:10:33| generous so you you multiply that six hundred by sixty point six sixty percent because the government's going to take the NGO that have to go yep yep so you're gonna you're gonna reduce that
00:10:49| down to three hundred sixty million dollars okay so that's that's the actual amount of cash that you would have after taxes and after you take the lump sum and that's at five hundred million
00:11:00| that's not a billion dollars what you get a severe small amount hold on a billion dollars I went in a jackpot yep government gets how much both ends taken out of my hands ever out do you
00:11:14| get to keep 60% so would that be 600 million but you're taking a lump sum so the advertised amount he's like yeah the lump sum is 60% of the advertised amount so what did I end up with a beach 360
00:11:28| million I Dan people are greedy yeah it's a it's a meager see you literally lost six hundred and fifty million the crazy thing is that people believe that you have a billion dollars so you don't
00:11:43| have a billion dollars you don't have anywhere near a billion dollars I'm still perplexed that someone just robbed you of 650 million dollars legally mm-hmm that's insane
00:11:55| yeah and it's nuts I did I did hear a report Forbes did it um I think lottery betting voter of at least 700 billion in a year I don't remember what year it was but they're they're counting long
00:12:10| scratch offs all tickets bought all everything it's apparently the biggest moneymaker in state and its state-run right Ball State yeah yeah and I think it's $200 was the average per person in
00:12:22| the US so that number would kind of make sense I think it'd be about seventy billion maybe maybe was seventy maybe I totally added a zero because I think that would be cooler for a podcast
00:12:31| thanks for ruining it you might be right but he said I thought they said 700 billion what's also going by what someone said Forbes wrote either sniffing I'm worried
00:12:43| somewhere near 100 billion dollars and just gambling and lottery I should just lottery it's not even gambling this is just lottery that's a massive gamble as the Moose we got a number here so
00:12:57| they're suckers and Donna do math and they get emotional looks like probably I don't think it was easy to do it the math yeah it has everything to do with that you know I should he liked you want
00:13:07| to animal because you want to get out of it and there's literally do you know how much hard work it would take for a poor person to become a millionaire more than the system would allow its
00:13:16| literally rigged against them there's no way you could do enough to get out of servitude loans bad money everything following you bad credit all this stuff if you weren't a middle-earth and the
00:13:27| high land here you might make it out of the six hundred years yeah my only way to get rich for someone poor is clearly the lottery and that corporate system is gonna screw you do you know which states
00:13:39| actually spend the most gaming ahead naw it's an asset I asked to choose who got it yeah they spent about seven or dollars per person Massholes strange is it's not bad wait wait would he spend
00:13:53| the most they spend the most on lottery tickets that's what the one study found the least was like North Dakota which is like 50 bucks per person well that doesn't count there's like there in
00:14:02| people I'll start probably on the farm they're not I actually heard there was a county in North Carolina like a really poor County that brought in more than anyone the United States County wise I
00:14:12| didn't look at all the time he was from the United States that might have been proper like per person rather per person per Ken yeah no I'm that step but I'm pretty
00:14:22| sure they watch all that stuff they probably milk it know what happens to the store if they win I'm gonna who's gonna say one percent is it one hundred thousand dollars if it's an over ten
00:14:35| million dollars I believe it they get had to get about 5 percent oh that's pretty cool yeah it's pretty good so that's why you see the stores celebrating like crazy when people win
00:14:44| from course plus it guarantees foot traffic for the rest of year who um let's say we get that million billion dollar ticket we only see 360 I can't get over this um yeah and your odds are
00:15:00| extremely low no that was one yeah it's a slightly better than one and then the odds of someone else winning when it's that much is much higher but like those points today you're splitting it yeah at
00:15:15| least was that last huge one was split three ways most anyone has ever won there's seven hundred fifty eight million dollars and that's Mavis when when chick maybe it's when chick I know
00:15:27| I know him or her I know I know them they said they were gonna borrow a cup of milk with sugar in it and never returned it hmm I prorated that sugar and got per day and a trip to
00:15:45| the store every day and gas money in price is the way they are Oh Mavis maybe you owe me hmm the surprising stat is that her return on investment is less if she were to
00:16:00| invest seriously into doing this again like if she used all her money to do it again she to end up with less money than she did when she started as the odds are so well against people yeah so I did a
00:16:11| study on when it actually changes the amount of the jackpot and they saw that the return on investment was around 62% so that was like maximum 62 percent return on investment so like if you were
00:16:25| to put a dollar in you would get 62 cents back sure how would that people at best that the worst is when everyone else jumps in and then there's multiple winners and then your return on
00:16:35| investment goes down or when the jackpot is so small that it doesn't matter your return on investment is also terrible right I also read scratch offs are really bad a return investment like
00:16:48| people think you win more because it's a gun only costs three dollars I can win three dollars like I'm 1/3 to $1 often I'm a like a connoisseur winning three dollars once grachov I'm really good at
00:17:01| it unless you're like that one really good figured out the pseudo-random number generator and she would follow where the boxes of lottery tickets were heading and she would go to that store
00:17:10| and then buy them all because she knew that the return was better than the amount that she would spend she would buy the whole box with lottery tickets I'm trying to hear what she figured out
00:17:19| so geezers work for her okay cool well he knew the time they were printed which then dictated the seed or the number that they used to generate the numbers and so the yeah the scratch offs were
00:17:30| actually flawed whereas the balls I think are pretty random I think they're supposed to be perfectly the same and then spun a certain amount of time so it's not generating any way other than
00:17:41| physical do you know how they say we gotta mess this up the 92 and the a draft lottery we screwed up no I'm that happened I think it was random balls no or was it random em boobs I don't mess
00:17:54| it up because I'm not like here say um NBA lottery break without the next play a year that comes up it was apparently frozen easier right frozen in the description sorry then like I'm gonna
00:18:08| get this done or something whoops no no they used them to someone watching on TV it would look normal but you could feel a frozen envelope or something and they would feel it if I randomly will pull
00:18:21| this one no does it giving you anything it's not immediate um it's very word of mouth I'd have to fine-tune my search and someone who's watching is probably it's the 91 draft
00:18:33| that's where so-and-so it's bullshit I don't know I have to look it up but that's an interesting way to cheat the draft right because it's televised everyone can see you and they would
00:18:45| reach in and grab whatever and pull it out but it was frozen before him they said I'm not saying this is a verbatim but that they pulled out the one ball from a different location they didn't
00:18:55| pull it out from the front from the same location it was whatever it was the ball the envelope I pier what it was was frozen see as you reached in you could feel the frozen one and it would look
00:19:09| any different ah physically frozen if I was like frozen in place no no it was made it is older frozen ice cold now I can't see that with a camera interestingly enough
00:19:21| woman that as I said it was ping pong balls so wouldn't it like bounce differently it'll see one that I'm excited goddamn it was like somebody would find one on the team change the
00:19:34| team everyone do you see like if you are two of them floating and I'm like one's like slightly that's really I don't know about this something's fishy with that ping pong ball they have a nice VCR
00:19:46| sound oh we all know tapes that wants their VCR quality because of rewinding and rewatching hmm hmm I only get into gambling stuff but we can talk about gambling in the future
00:20:02| well hold on all right so you really win the lottery yep let's say this really happens at your local store yeah holy hell your number gets cold on TV how much time you mean you got my ticket
00:20:14| you're jumping up and down you know I don't want to do it never happen to me really really going nuts do you call your parents I guess I call your parents would you no I wouldn't call anybody I
00:20:27| don't think I told my call your guy her parents you wouldn't tell your wife oh I wouldn't tell her not immediately shout-out she will tell somebody else she she cannot keep a secret
00:20:40| interesting you tell you tell ya well I'm watching it with my girlfriend roommate like my son he's gonna be four soon you might tell he's definitely gonna tell don't tell him anything
00:20:54| dad one lottery oh really so this is what I would do okay I wouldn't tell anybody I might set a message to like if I were to die they would find out that I had the special
00:21:07| ticket in my safe upstairs and maybe give them the combination ya know and then tonight what what most people do is try to do like a trust so you have to find a lawyer so in order to get a
00:21:26| lawyer that won't steal your ticket first you have to sign it and they say make sure you sign it small there's one of the the notes that they told me so that you can then right over top of it
00:21:39| and say trust via this person and you're the you're the trustee hold on write my name real small so you can what what the hell is a trust for those at home so a trust is uh I would say it's a
00:21:54| financial instrument Lea legal yeah sure oh and say it's a corporation made up corporation the made up one like you make it on the spot kind of it's an instrument that holds money and then
00:22:02| doles it out so you can make like in a blind trust which is controlled by somebody else which will be the all guy it which will be a lawyer in this case for the lottery and you had
00:22:15| yeah well you dictate the terms ahead of time and you make them so they're irrevocable so you can't change the terms so an irrevocable blind trust you would make and then the money would go
00:22:26| there and lawyer would be the one who'd be the face person so no one would know who you were well then I heard not to trust the lawyer with your ticket you sign he'll
00:22:36| still has the ticket you have signed it you sign it you could keep it you photocopy the shit of it I've actually heard this you have a copy of like nineteen times I would with their
00:22:45| name on it whatever you don't use it I own connect to the internet though share on Facebook Boop oh wait don't for them one can take a photocopy birds new your picture no hangs up they'll know who won
00:22:57| though if you if it gets okay okay okay so you want to stay anonymous is the key listen if I just won you're told me to form a trust and divvy it out I don't know jack from Jill problem jack all
00:23:10| that's Mavis one shakes problem so hold on you anyway - who do you go to Buddha why you look at the lawyer for this times huh you have to look at the biggest lawyer firm in the city that
00:23:23| you're closest to uh-huh I know why make sure they're not mob oriented you can't make sure you have to just assume that they're not Italian yeah don't you tell you don't
00:23:34| trust this guy you have to use not your mom-and-pop lawyer right yeah because the mom-and-pop lawyer doesn't have enough funds they would steal your money and take a ride suit oh right right cuz
00:23:55| I'm taking 300 million his practice is worth even if it's worth five million yeah does he get the damn even if his school loans are a million whoo kids a damn yeah because I have to find a firm
00:24:06| who's worth more than your ticket is worth so then you can soon as I still anyway get all your money back plus you can sue a guy he makes a million a year what's he gonna say uh yeah I'm bankrupt
00:24:19| now your ticket I sell has since been all your money it's gone he he put it in so Switzerland er so you have to go find the biggest law firm mm-hmm make sure you ask for a senior member
00:24:32| right yeah don't get screwed around and this trust and then did they bring the ticket to headquarters in Atlanta or wherever the hell it is is it somewhere I've no idea they should but some of
00:24:43| them so if you're in a state that does require you to show up so if you want to stay anonymous you can and um didn't some Delaware okay Delaware Kansas Maryland North Dakota Ohio South
00:24:55| Carolina Texas Georgia and New Hampshire maybe as one lottery ticket finder um found out says she wrote her name on the ticket and then said oh I want to stay anonymous they're like but you know
00:25:09| wrote your name your address your phone number you wrote every piece of information on here it's public record now so she fought and actually won she won the right to be anonymous in New
00:25:19| Hampshire after everyone been at this is now it's an okay sushi she will they refer to her as Jane Doe they don't refer to her as a real name it's redacted but most lotteries require
00:25:31| additional um is all redacted huh okay that's like yeah I'm looking for Jane Jane Jane you said no what for Jane Doe I got her but if you do have to go some people use
00:25:42| a disguise they put on like a horse mask or they wear glasses or a hat of Dan or they get that would you tomorrow rush yeah they get they just go in like this you do have a Unabomber risk look okay
00:25:56| Dan have you seen my poster before I don't look yeah I don't look suspicious at all even bother pretty good pretty good pretty easy Unabomber yeah thanks I've been working on it for a week I'm
00:26:12| signing my name to something I'm trying to rename remain anonymous but I don't know if I can that works yeah I think you're screwed cuz you're in Pennsylvania
00:26:21| okay that's fine I'm screwed so then I'm giving it to the biggest firm ever I'm telling them I won like to call the lottery agency and tell them I won hey it's me no I'm going in tomorrow I
00:26:34| wouldn't I don't know because it's public record who they talk to I think so they could might be able to so you want to change your phone never change your address you want to go ahead
00:26:42| to pay for this never pocket before even win the lottery yeah so if you're broke you're screwed the poor people are screwed again so you want to set all this up
00:26:49| some people say settle hold on trust I in a burner phone okay right yeah I'll buy a burner cricket okay Cree's a payphone I'm not a lot of those you know the thing there's only three left on
00:26:59| state whatever office is I'm saying I won I got the ticket I'm gonna come in in three days do I have to tell him no is it gonna have the cheque ready for me don't think on the back of the ticket it
00:27:10| says it's good for like either half a year or full year your employer so it so that's legally binding but if I show three months on a Wednesday they're gonna have my check for me you know I'm
00:27:22| saying yeah if you want to show up whatever you want to show up give you one of those gigantic as hell I just show up I walk in the door of this building and no one's waiting outside
00:27:31| the building now you show up and there are people waiting outside my building that's why you wait you wait you wait a month you set up this trust you know someone else go for you and then once
00:27:41| all the money and ran your own bank account through trusts what was the question they know someone won right because it's yeah there's a winner mate yeah they know the numbers that were
00:27:51| doled out only one office has the money correct do you think a news agency just doesn't have someone sitting outside that piece 24/7 they're probably worth them
00:27:59| yeah I don't think they would stay out there for a full month well that's why you waiting heywood well she would want to get everything lined up so you'd want like even like a will like a state
00:28:11| planning you want this all planned out before you even touch the money you make sure the money doesn't go directly in your bank account and just sit there and I didn't tell anyone
00:28:19| obviously because you told me not to all right no you already already told your girlfriend your dog oh wait you go to the doctor and then hold on a quick memo got a bill today oh yeah um well the
00:28:35| priciest part of your dog guy the injection I thought so guess what 26 bucks oh my god I could avoid one at home and done it myself but anyway but also the blanket that was my blanket
00:28:52| I'm gonna build them what was the visit because it was a weekend off hours and Bree Mason actually are expensive how much is cremation butter bucks we all said private cremation looks private
00:29:06| about it you don't cremate with other dogs if you stick them all together you know yeah you know how I know I don't know yeah because it's expensive to turn that thing on burn a body and then
00:29:18| collect the ashes do you want for private to it we didn't say one way or the other my guess is there weren't any two other dogs that died that week so you're
00:29:27| forced to take the bill for the other dog yes now my guess is if it's a heavy dog death week that they um they're like nobody's private we're throwing them all and a businessman we throw them all in
00:29:39| cook them all at once and we split up the bill do you think they do it per pound because it's kind of last longer yeah it is on it is because um it was a price range than the old 3250 and don't
00:29:53| get me started in the 110 I kind of want to go and find out what the prices are how how would they look at you if you went to your vet they were like how much does cremation cost for a forty iPad dog
00:30:09| where's the cutoff yeah we'll be back tomorrow what have you 40 pounds yeah he's 38 your scale hold on we'll be right back well I have another scenario for you so say you're on the street and
00:30:28| you listen to some song you're wearing your expensive headphones yeah and you have your phone and then somebody comes by you they are an acquaintance they they're an acquaintance but you don't
00:30:38| only know I'm not well and they say what do you listen to and you're like can I can I have a listen so they're they're wearing your headphones they're listening they have
00:30:47| your phone they're holding their phone because you're just like I don't want to hold it myself and then something happens they drive by they get shot they're bloody you're
00:30:55| holding you're compressing YouTube at both hands just saving their life paramedics come by and they put them on the ambulance and you're just like what about my headphones can I kind of
00:31:06| get my in there slightly grabs the headphones quietly pulls them away gently gently I mean if it was a lower body injury like you got shot in the gut or something I might request this hold
00:31:22| on this is gonna sound sneaky but it's gonna be sneaky it's like a friend of a friend the friend of a friend and someone I know it's not like a straight it's yeah the role I played in this
00:31:32| really did this really happen our mags take a long time to get there to keep this in mind they didn't show up instantly yam you gonna hold the same oh my god I'm distraught I'm holding the
00:31:42| stomach food let's let's clear your head and make sure you can see properly lay down and as I'm helping them lay down I might remove the headphones because they're getting in the way you know what
00:31:55| I'm saying but anyway I remove the headphones and put them to the side he's laying down but the cores is underneath of them and wrapped around his arm not these bad boys you try to lift up his
00:32:06| eyes to unwrap the scuse me okay could probably discreetly try and remove it because not because I'm about material things and all that or they were really expensive but because I don't need that
00:32:28| sitting on you as your life may be leaving you yeah you don't want to put the onus on somebody to give back their headphones when they could be on their deathbed I'll be like I just don't want
00:32:40| those headphones marring the death honestly let them die clean let them die naked got a nice shirt - you were a few shirts and what I'm slightly bloodied it'll come right out look at this a
00:33:01| little bacon said it comes right out a little bit hmm I don't know and there was a reason we got into this yeah I believe it was because lottery tickets covered in blood are still valid correct
00:33:18| I don't know actually if you can I think if you can scan the barcode and read the numbers than it is you're good yeah I don't think a fingerprint counts as a signature either
00:33:27| how hard is it to fake a lottery winner that you probably fake the numbers but I think the barcode is unique so one computer has that information mm-hmm yeah there's no way to hack that
00:33:42| computer correct I don't know maybe how much would it be worth to hack that computer it worthwhile how do you know the lines doesn't happened already my guess is it's worth hundreds of millions
00:33:55| tag that computer my guess is not actually connected online I mean I yeah I think they would disconnect it and then leave it it was like a one of those extra computers in the back
00:34:04| lock it up based on the 1998 like Windows Active plan as a limit but I get to see that logo all right all right so we'll fast for a little bit I know this the beginning was long drawn out but I
00:34:22| really wanted to know how we're getting this money yeah get the ticket it's real you're there maybe you're not there maybe your trust lawyers err who knows they say yep that's it does it take like
00:34:34| play for hours for them to get that into your banking out there I don't have no I do use don't use a regular bank anymore do you cuz they're only insured up to popular topic today I would yeah you
00:34:49| have like a you could probably tell them a number of banks I don't see why not maybe the trust would accept it and then just banks somebody said to use two trusts like you have a trust that's like
00:34:59| kind of like semi-public that takes the money and then so that gets recorded in whatever state ledger and then another trust takes it from there and then gives it to you like it's
00:35:09| it that's your trust like that's the one that's secret secret trust like what are you putting all this money into a checking account no that's clearly a savings I would
00:35:19| before before you divvy up cuz I know you're gonna meet with financial figure with some money mutual funds what is together the market I understand but what is it sitting in who the hell is
00:35:30| what's the biggest checking account in the world do you think there's like so is one rival in their checking accounts like there might have ninety-nine trillion dollars I'm gonna invest all it
00:35:40| into just a bank account okay oh no you don't invest it but it's gotta go somewhere all right so you hold it there what say yeah as you slowly drain from it right well even quickly drain for me
00:35:52| you can divvy it up in a week are you scared of bank accounts do you have a backup no it's the weirdest thing to think that a checking account can hold like trillions of dollars I feel like
00:36:08| that would bring on webpage like you click like your bank you sign in and then it's like the numbers just like you have to scroll over yeah yeah no and then you have a good glitch where it
00:36:20| doesn't show up just like say it's error and you just like aah Acme so that is one of the things that people have won and then they've they've been tapped so they've been watched and
00:36:30| they're their internet usage and they somehow it's like a key log or someone acts in and watches them and as soon as they get their bank account information they steal everything they can so it's
00:36:40| easy to steal hundreds of thousands of dollars where do millions of dollars go another bank account Cayman Islands Switzerland crypto current so what would you do with your money you personally
00:36:55| I'd split it up I buy multiple houses land I put it in stocks over time I put it in bonds Treasuries I'd split it up as cash and then I buy solid gold bars and wheels of cheese roshanda Ruggiano
00:37:14| as they say in the biz PR head as they say in the biz when we first did this exercise I allotted myself almost half a million to buy a car yeah Porsche 911 Turbo S when you get to this
00:37:34| number like over in the $200,000 range because I didn't want to be like five hundred thousand cuz I felt like I was wasting half a million but I'm not gonna buy a regular jackoff $90,000 car and
00:37:45| I'm like I feel like so in this range there are only like ten major vehicles that showed up I'm sure I could buy a lot a lesser vehicle really upgraded wotty Lamborghini Ferrari
00:37:57| Lamborghinis were too high I think they were in the 400 range okay some of them I guess is out of the monitor but that I buy that I wouldn't say I feel like you're wasting money
00:38:08| there me and my hundred and ninety thousand dollar base body but I did the I did this other thing I would buy the Porsche model I can find mm-hmm without being
00:38:22| ridiculous and would you call it a Porsche or a Porsche at that point I'd call it a Porsche because no I know you brought in this much Edna syllable yeah once you buy it
00:38:32| Porsche active and when I built my car from scratch on scratch on the website I had it like I couldn't not buy certain things and I and this before but then get recorded I've left the orange color
00:38:47| because it looked badass and I love orange and it's crazy that I wanted different wheels than a stock model you know you're like I'll shop around I'll look at the other wheels
00:38:57| I'll pay an extra thousand bucks for who knows the 20-inch carbon fiber wheels that were black and look just cooler or fourteen thousand nine hundred eighty dollars extra holy shit this is what
00:39:11| happens with rich people stuff though when you buy a whole new car you couldn't that price but like what are you gonna do do you really want the Porsche that you're like why shouldn't
00:39:21| want the other car you just spent two hundred thousand dollars you have to get what you want so I think this is where they get people like I read I added a rear wiper like yeah you know much that
00:39:33| was three hundred ninety dollars lion it's for like 40 bucks right but now like somebody hang on the roof and do it for you for that high priced but but if I'm really getting the one painted keys
00:39:46| I wanted my keys painted the color against Kazem eyes all of that over here to Taiwan I took me like 20 minutes anyway the Bingle base is at 190 right after I was done with all my stuff
00:40:00| I ended up at 233 thousand dollar bill plus taxes title and registration which is the minute it's like almost $19,000 for that stuff here a quarter of a million dollars for car right and it was
00:40:13| a base 190 come on folks and then I figured out what insurance would be in the photo area for a Porsche 911 Turbo S you can't just buy the half-ass insurance you have to get full liability
00:40:27| insure every inch of that stupid thing like 4,000 books a year I see all right the president then also you have to get it serviced twice a year to Porsche certified center otherwise I guess they
00:40:41| met you I don't know you lose your warranty I'm not there's expensive car you've ever bought done you're done so that though if you're buying the most expensive thing you have to spend so
00:40:51| much money on it because like you can't hand pass it few magic I was like I didn't want to get the wheels they were pricey and told me you spent $200,000 on car and you got the wheels we're pretty
00:41:01| link you don't I mean like you having to do it the the most scariest part about driving your car around is that if you're driving a bright orange Porsche it would you drive it you're news yeah
00:41:14| there are people that would love to fall in front of your car get injured by your car always follow you anywhere you go bang it's the war who knows CBS oh so you have to have a bodyguards and then
00:41:26| if you're driving you're liable you have to have a driver drive you're really expensive car for you it's not and then you also have to be off the beaten path enough yeah and have your own gated
00:41:38| community almost to get home because someone's going to follow you yeah so that leads into a less quitting your job which I guess you do as soon as that money hits your bank account and you
00:41:50| have to because you're gonna get it stopped followed bothered all that garbage yeah and then buying a house in an area that meets all your criteria so what's your what are your criteria yeah
00:42:02| are you first I want a house that's by a river that's in an area that's rural but close to a city that you could actually agree with you farm crops on build a mansion artist
00:42:14| and think of the crops then wait see your arm will you you want to build your house from scratch is that it yeah why wouldn't you you have so much money I guess Oh get to sign it yourself I'm not
00:42:25| a good designer I would want one that's built by someone who's really smart and designed an amazing house billion-mile cutout kitchen buy whatever like I don't know give all the time of the world
00:42:35| though you could do whatever you wanted you could plant it out you could just have a starter house that you fuck up but exactly I'll fuck up a house and be like why did I put the bathroom in the
00:42:44| kitchen I mean I wouldn't I would think of that but like there's just certain layout designs that I'm not I want a secondary toilet for one I clogged the first one and have someone else handle
00:42:57| the Pender she every toilet or when one's being used we do the clog the first one I want that space toilet that just sucks it right out here like an airplane I'm like an International Space
00:43:09| Station ass like my shit I said airplane I'm in oh well similar yeah I guess if you completely seal the bowl on the airplane it's gonna and flush the only say not to do that it's gonna pull out
00:43:20| some of your distance just prolapse them a little bit just a tiny bit a little bit oh but I imagine that how much do you think that cost to design you're saying the Porsche is ridiculous now if
00:43:36| you're not designing a goddamn suck air out of your bucket no no not the house oh you run into so many things when you're rich that I feel like costs way more money than oh yeah an average
00:43:49| they're gonna know that you're not a normal person and they're gonna charge you it's like weddings like weddings cost 10 times more than they should because they're getting married oh it's
00:43:57| a special occasion oh you're a millionaire already we don't have to pretend that we're gonna go cheap on you is it because the markets not saturated so there's nobody yeah
00:44:06| there's nobody up there buying you know two million dollar compound in the middle of nowhere next to the city that right surgeon is screwed because the opposite of capitalism essentially
00:44:17| there's no other people offering that same service for cheaper right exactly yeah we would have a lot of requirements I got one solar power essentially like in a
00:44:27| a little bit to not look like a bunker oh you also have the problem of raising kids like what is your kid gonna be cut off from the world he will if you do it too far away from a city I'll be weird
00:44:41| but how much is not far enough away like is he going out and playing basketball or tag with everyone like you live too far away to play tag don't you you're gonna drop multiply tag and pick him up
00:44:53| in three hours that's weird not leaving you're not leaving your billion-dollar kid alone for a couple hours like tag in a neighborhood you can always have a decoy house like I've seen
00:45:03| I'm like you open the garage door then you go in and then like your gatekeeper looks there and then the back garage door opens and you keep driving through to the next house
00:45:13| just a nailed nice camera that just a nail bet it changed seems like that's a lot of money for a fake ass seems to cut the grass on that big house this is getting why would you cut that grass
00:45:26| like oh you're responsible cords you have to pay for a lot maybe you're not going to get out on your vinyl and stuff now you got more land you don't wear grass to cut more snow to remove Krejci
00:45:43| yeah you've got all these people you probably have a maid you probably a driver I have bodyguards all right fine a planner a lawyer and now you're letting all these people in
00:45:52| your house your inner circle really close to your kid really close to your jewelry really close to inside your house and ridiculous dear furniture your cars so one of them is bound to be
00:46:03| either a screw-up a druggie or like someone who's gonna take advantage like a con than someone who's yeah conman confidence man when his goodness disguise what they are trick you if
00:46:14| you're gonna hire someone to look for your people yeah I guess you have to have have secondary people to monitor your people so all of a sudden your team of my
00:46:21| people goes to ten now this is pricey folks yeah yeah ten people constantly are year-round at minimum wage even that's expensive that's almost a price of a poor shot out
00:46:30| of your pain are you are you paying the minimum wage made honey or not dude middle are you wait minimum wage bodyguards honestly he's like like do you even own a gun uh forgot
00:46:45| mine they left it at home you're like God that's a rental I reckon it's to get him back by midnight I mean it's just you've run into a lot of stuff that I don't know how to navigate yeah I guess
00:47:03| if you weren't into wealth it is easier because a lot of that stuff is already set up you're already you got a pipeline into the best housekeepers the best gardeners
00:47:12| the good ones like yeah I mean you're talking some very Scottish I want the best gardener I mean the trustafarian accepts all the money that they are given you know it's it's down or in it
00:47:27| so they don't know that's the problem too is that if you have wealth that you're passing on to your heirs your kids grew up expecting about it yeah so you have to kind of so this is also a
00:47:37| part of what I would do is that I probably wouldn't necessarily tell my wife until I had the money already socked away but I think the smarter play would be you know she might notice but I
00:47:48| would probably start my own business say it does something ridiculous and then it's making a ton of money and I slowly show her that I'm making a lot of money through my business not through winning
00:47:57| a lottery and then she what does guys this is doing really bad but it's fake money it doesn't matter I know I understand yeah it's a Friday hours are you spending baking a business now to
00:48:08| let your wife not know you won the lottery sounds like a pretty elaborate thing so I do a little divorce their wives right away so I'm doing the honorable thing you know I don't succeed
00:48:18| in it there have been people that divorce otherwise so they don't have to be 50 so 33% of watery winners under 100 million we're not talking about us big ballers uh-huh um end up dead divorced
00:48:34| or bankrupt so witness 33% is that your number there's a research wow that's a main real number from Forbes I think or someone that's a lot if people who win under a hundred thousand look at you 180
00:48:46| million what was the stat it was like you're 20 times more likely to be killed and then right a hundred times more likely to be killed by a family member the worst
00:48:58| you're like you you're 30 times to 20 times more likely to be involved in a lawsuit like all these things what I was gonna say quad triple what what I can't say quad deca the DECA quad my cat quad
00:49:17| bill I don't know hey Google that's what they do that's a lot though but either way your life your length is gonna change and why do they say not for the better like we're kind of getting it and
00:49:31| divorce if you go to rancor comm there's a 11 little lottery winners who died tragically at these people maybe they won like hundreds of thousands of dollars ever heard one today guy want 20
00:49:42| million and he was broke and killed himself within two years that might have been like Abraham Shakespear he won 30 million dollars he was he was killed there's one Andrew Jack Whittaker he
00:49:56| actually had the businesses that had a construction business worth 20 million dollars before the lottery and then after lottery like so many things went wrong because he was carrying cash
00:50:06| around people break into his car still half a million dollars of cash and then give a word like his own family we're trying to extort money from him and he had somebody like died of a drug
00:50:17| overdose in his house and he got sue : I actually know young his daughter was dating a guy I don't know if it was marriage or just serious dating for like years and years yep he overdosed on
00:50:31| heroin she was he was giving her $2,000 a week in just living money and here's two thousand thousand and then she overdosed I don't know which one happened first her and then him and then
00:50:42| her um the family the boyfriends family they sued him because he enabled this by giving them money he calls them debt and they sued him for a few million they want did you hear the townspeople have
00:50:57| you going to the bars so he still lived in this fairly small town Yeah right was in Texas trying to live your own life I don't know if he was in Texas either way it was some southern e
00:51:06| State and he was still going to the bars like you know you learned he wanted to still be himself so he's going in there and he felt like he was poor before he always had money he would go in and
00:51:16| throw around money and buy stuff by people drinks trying to help out very high rounded drinks yeah he's having a good old time he's the mr. rich you know he was sued like 8 to 12 times by men in
00:51:28| the community for making them feel inferior wives there are digital z1o he said it would threaten them it was only for like $400,000 or whatever but let guess what that's ridiculous
00:51:41| no one's ever sued me because I made them feel like because everything brother wants and I try every day man I trust lawsuit against Nick feeling inferior at the moment he's like his
00:51:52| hair 9 to 5 1 1 talk about money that I didn't have no um well that's what happens people get abducted as ransoms kidnap yes like you can't I don't think you leave the country if someone knows
00:52:10| that you have that much money no I wouldn't go to some other country or where I don't know the ropes like I don't know the government don't know anything yet remain anonymous or have
00:52:18| lots and lots of bodyguards that you trust it's a little bit like um everyone's drowning I guess and then someone shows up with like the super shiny life raft right in the middle of
00:52:28| everyone you know and they're all sudden everyone's grabbing on it's like that is saying yeah it's like that life raft is made of chrome this has been CRO mised and then you I can't look at it cuz it's
00:52:37| so bright shining but you can feel like everyone's drowning yeah they're all running towards they're grabbing they're grabbing they're grabbing them : they're in a bucket are they trying to cool down
00:52:46| the raft so they can grab onto the everyone just wants a little corner I mean they're not trying to take your whole raft from you but everything does get 1 million dollars when you only have
00:52:56| don't realize your gardener is expensive your Porsche 911 the wheels cost twenty thousand dollars that's more than like yeah and this guy is inferior so he gets $400,000
00:53:07| triple hot um did you hear uh someone I listen to all time Joe Rogan Joe Rogan reason hey yes I think is a podcast and he did one with the poker winner oh really
00:53:20| okay Jack something guy uh took a hundred billion millionaire from poker he just plays online poker we go listen this podcast talk about how money can't buy happiness and there's a scientific
00:53:36| reason why not well do you know why it's got a jackpot I don't uh in the olden days they used to have it a game where you would keep adding the jackpot until you actually
00:53:48| had a pair of jacks or better though you won the pot by having jacks or better interesting to the jack pie mmm-hmm I thought had to do with something off I'm even gonna get into it but I really
00:54:01| thought I had something to do with it [Music] hmm-hmm-hmm indeed you know but uh baby hmm who kings help each other that's checkers it's Friday night so your
00:54:20| online poker player Jack yes Jack what's his name I thought began with a K that couldn't give you his exact name I was just listening to him more than watching the
00:54:30| podcast bill Rogan poker winner Jack Dan I mean I'll teach ya hills Aryan now Oh what's dan Bilzerian I know we said Jack you haven't asked for anything about the jackpot it was it was anyway he was
00:54:45| talking to Dan Bilzerian super rich super wealthy Poker man's and say his net worth ancients oh let me see here he could've going down since I podcast that would be embarrassing yeah I didn't keep
00:54:56| talking but the reason being is he said when he was a teenager he wanted a Mustang than eighty whatever Mustang kind here he grew up which one he wanted he really wanted it and someone had
00:55:07| gotten him that Mustang is happiness we've been at 10 just a 10 and a 10 like that's as happy as you can get on a million dollars net worth that's not bad that's not I thought was
00:55:17| more but who knows um I guess you can still buy Lambo anyway he says um just like a month ago what he's talking to Joe I bought a Lambo and my happiness was
00:55:28| like a seven or an eight because I kind of always wanted one mm-hmm but I went from a BMW m5 I cost some three hundred thousand dollars or something the Lambo which is a five hundred thousand dollar
00:55:38| vehicle so it was an upgrade like he's cool like with Linc how much cooler was it versus when he was sixteen he didn't have any car and he wanted that Mustang like that was a 10 first Mustang is so
00:55:48| important it's not just that it's also like he um says if I went out and got a steak dinner right now at the best restaurant in the world I don't care what it cost me
00:55:58| I would enjoy six or seven out of ten but like he goes home he has three chefs at his house I'm getting a steak dinner that's also a seven Ernie it's like I can't I can't keep upping it you set the
00:56:12| bar so high that you can't beat that bar money can only buy you let's say you're ten whatever the heck you want to be well if you have a ten food a 10 car or a ten wife I will said broad that's
00:56:25| offensive and this what are you gonna do next week next month what's your next car purchase is it gonna be at 11:00 tonight at 10:00 they don't make it a livin out of 10 a little bit diminishing
00:56:38| returns I know you love diminishing returns don't you I'm curious what you would buy is like I think I would buy like the best electronics like the most mom I have
00:56:47| like four monitors ridiculous but I don't think I didn't buy the hdr+ right now and well they do they are selling the hdr+ or K 1 millisecond monitor a day almost
00:57:02| yeah almost and it's that's running for like I think $1,800 or something I Bobby let's say you sure why we have it if you bought it you already have it and then anyway I mean here's the other question
00:57:15| what mediums are even purporting an 8k didn't need one millisecond and have 160 refresh rate like there is no medium that even uses your guide they have hardware yeah and then I'm going to
00:57:27| the most famous twitch streamer because I'm gonna have the hugest advantage in computing power and make not enough money to make it worthwhile you wouldn't know he would even be no
00:57:37| more you'd be like number four hundred people would write you off because you're already starting with a bunch of money it's like people who are born out of money it's like I don't respect you
00:57:45| that much because you didn't get all the way around the basis you started third base you know it's not right right even if you're a really good player you still start at their base right there's no
00:57:54| really good player you really know like you have all the materialistic things that you possibly need it I mean the only your needs are already taken care of now they say that somewhere between
00:58:08| like 75 K and a hundred K all your needs are net all your all your needs are met so everything up from there is this bothering to addressing yeah more butter it's extra butter on your croissant
00:58:20| which is Pillsbury and is already buttery you don't need any more butter a man's in practice and they'll and I'm Chris so buttery that's it roll tasty so like the other thing to do is to invest
00:58:35| in other people so you what do you do your own startup so I start expanding okay yeah Shark Tank ish but then if you start if you open yourself up to it like
00:58:45| a shark tank scenario how many people are gonna start pitching you you have to block out all those people yeah and then your family what about relatives they say yeah they say don't build with your
00:58:55| eltis what do they actually say number one your relatives are one of your biggest enemies by not by own purpose but by a hundred times more your enemy because they're gonna kill you fam
00:59:06| familial homicide know where you are they know you're not going to put up as many guards against em remember as you would against a stranger yeah and if you give them money and they don't do
00:59:15| anything with it they'll just expect that they're family they're allowed to do that right and if you mean your sign the contract they're probably gonna cry cry bloody murder because you made them
00:59:25| how legally responsible you think you could go on a dating website if you $5 knew you're single I mean what swipe which way Lois white direction is good I don't know why bright baby why bright
00:59:37| what do you thank you what do you say I'm not a winner two against goes into like me starting a business that's successful so like when when my wife thinks I'm
00:59:49| getting all the money from the business show respect the money more and then my child when he grows up he'll figure that oh my my father is a successful businessman you really think you're
00:59:58| keeping this secret length for this long I think I am I don't I don't think you I would tell people the only person I might trust is my dad because he's financially savvy enough and he will
01:00:07| keep it quiet why would I tell you well what are we doing they're still good in the podcast like I will pretend to not be a multimillion I could have billions of dollars right now how do you know I
01:00:17| get a lot of tickets I got a lottery ticket plan they lean in to the left behind you like towards that final look at them what's the one beside it going are they is the Sun in the
01:00:27| middle of your window it's weird because I think it is well you your gardener you need to pay him more you're a multi-billionaire yeah trained my perfect bonsai I think I think you're
01:00:41| getting a better guitar is what I think you're gonna slowly see things that are just been plated and plated in gold they're either golden on the inside you know won't see it yeah I don't know and
01:00:55| I think it would nose hmm I might have like a serene aura about me join the circle Nick let's ride the carousel we're gonna go and down and around what you said ride the carrot so I thought we
01:01:13| got carrot hair so yeah take a nibble weird you know you want your kind of hobbies what hobbies would you get into because that's what you end up having to do all right
01:01:23| I'm gonna get them the most expensive hobby possible ice hockey no um what would you do good one I do that you know that there's a lady I do work I do aquariums I think
01:01:34| hey hey what was the biggest aquarium you could buy it with the how many I actually don't down a little how many gallons a big once I just looked up like a exotic fish I need like a $90,000 one
01:01:45| those all the animals on the Galapagos just put them in that giant aquarium yeah it's so cool though but I mean like they're individual fish that are like fifty to ninety two $130,000 per fish
01:01:58| and then again this Monday night well hold on is it guaranteed what if it dies I'm like a week are you like oh sorry little garden no babe but I mean like how much enjoyment can you get out of a
01:02:13| pitch just watching it swim and your things like this is thousands of dollars I've been doing that every time you want I definitely did I would totally get into it done and brag about it everyone
01:02:24| and my wife or whoever my third wife would be like I don't could you do something than risky like skydiving would you be would you allow yourself to do that I don't know I might I might not
01:02:37| I guess you can go down that um so here's I think I could get into hardcore drugs and like dangerous lifestyle like Marley do lots of crazy drugs because there's no responsibility it's a little
01:02:50| bit like you know you know the extra safe route but you can also go the on the bad-boy route I have all this money and then it's crazy get a Harley guy diving all the time I think you start to
01:03:02| hang out with celebrities and see like because the celebrities might have as much money as you at this point they're probably not fearful and you're gonna take their money it could open I it's
01:03:11| like like who would users like it was it a forum like do I is there somewhere you go where you meet them and everyone's like yeah it's called doing the upper echelon for them
01:03:21| you don't associate it with those in the under apple on i guess but i don't know i don't know where to start i really have to see what am i wearing that night who else is there
01:03:31| like it's somebody at a bed loo I don't know these things I'm new here I think I like what celebrities would you want to meet you I don't know because I don't know what I'm with the celebrities are
01:03:41| looking on in closed doors and cocky honesty is really cool do we cool and then in the matrix base I will say that you gotta go for ones that are not like vapid not like a B C and D
01:03:53| I don't want to say their names but like Kim Kardashian probably don't wanna meet and like she will probably no but I mean that goes without saying she'll be everywhere she'll be all over here so
01:04:02| much money don't think so she's got enough money dude do you think she could she with an extra 100 million like honestly count it every dollar maybe I read a
01:04:15| stat that um Pablo Escobar started burning his money just because he was bored and he wanted to like it was a cold night to keep his like daughter goddaughter warm mmm who's just burning
01:04:28| thousands of dollars because he was like well no anything else to do with us yeah well the girl goes yeah what else he was doing sometimes crazy I read and I was like and he should just sent it to
01:04:38| me and mmm no it's thinking I feel it was something ridiculous beating it to rats I don't know killing people with money throwing it out his window like not crushing people with million dollars
01:04:51| yeah how do you like this I got it 1 2 3 a pal gave me 2 million dollars right here I mean you start up and whatever hobby or thing you're into and you buy the most expensive that but eventually
01:05:03| it's bored yeah how much I guess that's one of the weird things is that now in prison time like unless your hobby is high-end cars I mean you could spend a hundred thousand dollars and be
01:05:18| completely decked out in everything I mean computer yeah and like I was looking up against Texas bases during this and I think I guess like some $10,000 bases but like that's not gonna
01:05:28| put a dent in millions of dollars to me no it's not you can have a variety of clothing clothing can't be more than one hundred million hundred thousand dollars you're not going to spend a million
01:05:38| dollars in hobbies maybe that's why there's such a small niche market or like some hundred thousand dollars or well that's that's pretty good it's like eight thousand dollars for a t-shirt
01:05:47| you're like what yeah and then none of these weird none of these really feed into like the bottom line of your happiness though I feel like most people are happy doing
01:05:57| their day to day life and if you're already our age most thirty you've probably experienced life that makes you decently happy you quit your job you take away your routine and then you
01:06:10| start doing crazy things like drugs or you buy stuff to fill your emptiness eventually you're gonna run uh stuff to buy and then you'll be left without holiness peace
01:06:20| in podcast was that you could buy pleasure but not happiness hmm that was the whole the den this is bazarian or enemy correct it was good point I mean this one that makes you feel good for a
01:06:34| little bit but how wealthy do you think Joe Rogan is because he really hits it kind of level-headed he doesn't seem like he's crazy wealthy but he definitely has he ends of millions I
01:06:45| would assume I don't think he's in a again he has a lot of weirdin yeah you know what might be just at the 10 million mark I'm gonna put him at 10 million and I will twenty five million
01:07:02| when I go up one of the richest comedians in the world really it's weird cuz he still tries to sell stuff I think it's part of his personality yeah I feel like he needs to
01:07:15| be I don't know he's one of these an oddity do you think it'll change you eventually the like 10 doesn't know I'm telling you you can still change in 10 15 years because I'm
01:07:28| becoming something funny that electro responds at the end I said you did fine love that rich it has to change that edge there's there's something you can't buy if you're rich it's an edge survival
01:07:44| edge my god claim do a bear grylls survival edge like you can learn how to survive in the wilderness are you seeing those Bear Grylls rich people no no no no well the rich people are now it's
01:07:56| terrible but it just accentuates how awful like it actually is if they do so somebody was talking about Bear Grylls doing a scene that he was crossing a I think it was like a crevasse that might
01:08:09| fall in like it was like a loose rot like lava field or something he crosses it and I was like oh it made it across and then like someone else went to the same spot you know five years later and
01:08:21| they did the same thing and then they pan over and like less than like maybe you know 200 feet from the road this cars left and right passing really quickly
01:08:32| he said that one of the people in the comments so that their their father was had a friend who was the cameraman and the cameraman would literally and most of the scenes stand on the road building
01:08:43| Bear Grylls doing something pretending he was in the wilderness well I mean that's editing in general I figure you get that in a lot of walks of life yeah plus you can do that 10 years ago
01:08:54| whereas now people will know where you are what you're doing and if you're actually doing it and it does it make for entertaining TV which no one watches anymore because who watches TV anymore
01:09:05| honestly would you still have a cable subscription if you were that rich I'm gonna have like three just why not yeah gotta give gonna give the cable company something yeah there's always one got
01:09:15| this package and gotta get that package hmm I guess we would be good with all this money not like we would what you go to Vegas don't like it contract some disease
01:09:36| really no not the one that bend your spine that's not a disease but um you really give yourself an allowance to certain things whether it's Vegas or something you know because you're don't
01:09:51| a spent so I guess the question is if you have here's a here's a question let's say you want it I got a question for you who had to go with me sure and we go to Vegas okay you know I tell me
01:10:02| ahead of time but you pick up the whole bill I'm the wealthy one in this situation right thank you no I know do I let you bigger than oh yeah I got this one day
01:10:15| and you'd be like all right and then you'd be like sitting on three hundred million dollars no I think I would cover I'd cover almost everything right but then do you do that every time you go
01:10:26| with someone on vacation or something or like I don't know where's like people I like you gotta get drunk enough to make them think that they spend money bro all right so what's your pressure for me
01:10:35| oh shit already forgot it how much do you leave how much do you leave to your your children like if you have 300 million dollars do you try to a lot a certain amount that will you pass
01:10:46| on to your heirs for intergenerational wealth I think only 10 million do you think indefinitely I mean I will try and save more but I'm saying I would have 10
01:10:57| million buck keysafe whatever emergency if I die I can't even touch it upon dying that kind of a thing right I would try and save them more but like that's like the bare minimum for you survive
01:11:10| for like at least a year or two and I mean ten million dollars so the perpetual amount is four percent of whatever you give them if you invest it all in stocks or some sort of a
01:11:18| portfolio like kind of what kind of money are you getting back if you invest it properly the admin are you paying a money guy because someone said inlay guy could cost almost 1% that's also a
01:11:30| mistake is that if you invested money again no money guy the money guy will take 1% of every year of what gets put into killers yeah so you want to just invest in index funds because index
01:11:40| funds will follow the market and they'll be just as good they won't steal you make them like 4 to the average in the market is 7% after is it that after you know it's actually
01:11:51| higher than that after inflation so you're set okay so you can indefinitely do 4% about 4% of whatever you put in so if you're giving your kids ten million dollars they can take $400,000 for
01:12:03| themselves per year every year for those of their life more money than you or I will ever make in a year probably so you know you'd start off your kid say like maybe I would make it
01:12:15| so that they get a little bit at the beginning make him think that that's like all I get like make sure that you're towards the end by the time they're 25 they can lock the whole thing
01:12:25| yeah or like I probably scale it up to like 30 or 35 like maybe like it's you know more at 35 than 25 is that what you're saying yeah they can earn it complete ecology another million or
01:12:38| something to go in your trust fund do they know though no I would like unlock it and like Boop it's like on their phone they'd be great it's like a little dude you've just earned today
01:12:47| $1,000,000 from your debt five drinks are on me guys always friends hate him that's what would happen love them we're love I guess I don't know cuz you're gonna make
01:12:58| love them.they what hit anyone is money I guess it's weird I guess I guess that's what balances things out is that hey if you're that rich you can't have that edge you you can't have a you
01:13:13| almost can't have a real relationship like anyone who loved you kind of loved you for your money even if it's not on purpose yeah we didn't even talk about the female aspect of this is that if
01:13:23| you're if you're married your wife hopefully stays with you but most of the time probably not you don't take her money and do her own thing yeah if she was wrong on everybody imagine if you do
01:13:34| you imagine if you give her an allotment it's not that much and she wants more like you're holding her back and you have how much in the bank like do any mean yeah I can already see it it's a
01:13:42| big fight mm-hmm she's like you had 300 million sitting there and I just want to spend an extra $4,000 on whatever shoes and you're gonna tell me no well what's in our garage a Porsche 911 Turbo S so
01:13:59| how much are they bitch finger Hittner and your pain or hush money oh my god it's so much money but I mean you just give her 40% do you think she'd be happy with 50% I don't
01:14:13| know that people would say oh you gave me a hundred and eighty million out of a billion dollars you like no you don't understand you could show her the paperwork but
01:14:22| would it what you get it and you would you believe somebody if they say if they want a billion dollars and said no look I only now you wouldn't believe them right I guess you can't believe someone
01:14:32| who has I'm like there's that weird yeah kids number one hundred million dollars I don't believe a word he goddamn says he lives in a different world he pays his gardener how much no he lives at the
01:14:44| end of the street no he does not have a fantasy that he's made be coy he drives through the garage to the mansion mm-hmm just a lot of problems that go with it that much money there's so many beaches
01:14:58| so many problems like another thing is you have to be isolated to is if you have like a fence and a gate to make sure what people don't hurt them it's like falling on the gate or trying
01:15:07| to get over the gate or trying to get in your house or your lawn we're trying to break into your gate yeah they your gate was insufficiently made so I fell on it and cut myself like
01:15:18| lawsuit inferior I feel inferior lawsuit oh you still my woman lost it I don't even know your woman she's look at any age she's totally into you she's here we're well that's good we summed up well
01:15:37| pretty good yeah it's awful it sucks it ruins everything divorce you're gonna get murdered we talked about staying anonymous don't go in with a giant pool of people because
01:15:49| they're gonna ruin your anonymity mm-hmm they will they go make sure you don't quit your job right away and don't try not to tell anybody unless you excessively trust them and they're not
01:15:58| going to divorce you like certain people over all the Lottery's a good thing for education because a lot of money goes to let education the storm about that though it goes to the school and the
01:16:10| school can a lotta however they want and it counts towards their general funds they get every year but I guess so what happens is then they they lose more state grants and things huh cuz it
01:16:24| stayed well I x-men dollars but if you got this from the state well now we're not giving you more money for textbooks or whatever that's like the state laundering money like a say you get give
01:16:32| it all to education but the state doesn't spend that much money so then the state now has more money which a politician probably has our hands over oops I'll block at this I'm gonna make
01:16:42| sure traffic is blocked and then we're putting a la minute next year for the same amount because we spend it all yeah we talked about someone's gonna probably steal your your money in your bank
01:16:53| account or in your car if you have gold bars or wheels of cheese they're gonna be all over those wheels of cheese man or digitally hungry Pope will be watching you make sure you don't log in
01:17:04| your own bank account online you're gonna be so paranoid they won't believe I'll spend the money all right I'll try to take your car all under your car get hit by your car or they're gonna try to
01:17:15| take your identity because that really your identity is worth so much okay it is your credit line your credit score through the roof what's your credit score like is it like a max it's
01:17:28| like a Bible feel like it is that the max so it's just you just they just thrown 8:55 on your name or like he's good mm-hm and that's like they leverage the amount of money that you have so how
01:17:40| much would they give you Anna you'd have trillions in debt if someone got it and actually could spend a trillion dollars like sir did you make a trillion dollar purchase at Walmart did
01:17:52| you buy Long Island really you can you can actually buy ones in non-tropical areas for about a hundred grand if you want a tropical area it's like 200 grand but it has no amenity so you'd have to
01:18:03| build something on the island right we're like food and supplies and everything to it there yeah which is probably like multi-millions at least right but you own an island which is
01:18:14| idealistic we didn't talk about going to paradise do you think you can really do do you think you could really go to like a beach resort and enjoy yourself a little bit which sex club owned it is
01:18:28| that what it's called paradise no way i I made it up and you always say long if you're fancy huh do not slide into paradise see you're going to an island somewhere
01:18:39| yeah like the vision is that you like buy a yacht and then you go to a beach and then you hang around and you just enjoy life at that point but I know like there are people that have talked on
01:18:49| podcasts about being hedge fund managers and making millions and then doing that and like even small business owners that head it off really wealthy they do that and they do that for maybe a month or
01:19:00| three months and they realize that there's something else ticking that boring if there's boring right it's boring just to be alone we're in his hell let's get the hell out of here
01:19:10| weird this almost begs into what life is yeah what is it life is a struggle I literally paid not to have the struggle then why are you alive now just indulge your pleasures I guess yeah then
01:19:25| what point is you dull the edges of your pleasure sensors until they're mean does the virus strong can't I mean you can't have as good a time that kind of yeah someone like Jack
01:19:37| Whittaker already had enough money he didn't need three hundred million more money no brutal in his life so I did wrote down at the very end in the margin like what what really matters your
01:19:49| sanity your happiness your peace your family hope is important love and health I guess you could clone make your own clone Bank keep your health on poor for the rest of your life I was gonna say
01:20:01| music and friendship which is what we had but it don't make a perfect clone in the other it would be okay yeah it took podcasts at the same time you think our clones would talk about the sea would be
01:20:12| which will be better if I could just clone myself and put myself into this other image down here what would I talk about with myself uh I don't know I think it would get repetitive because in
01:20:26| the exact same thing I can say the exact same bed exactly well we tackled wealth and I feel like we are richer for the experience yeah but we're oh good no I feel like we
01:20:46| covered everything I wanted to cover which could never happen yeah very rarely happens I think I'm good on thanks for joining like we'd like to folks at home certainly do police folks
01:20:59| done with the pocket square don't I hang out laundry to do I got stuff I gonna do you know you wanna borrow my maid your gardener all of them you don't need a body no no up working out so I get back
01:21:15| on but yeah look at this I gotta head out of town tomorrow I'll be back maybe a month or two we like you like you a lot
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