Episode 156 | Year End Military Millionaire Podcast

00:00 - 05:00

Intro:

Welcome to the Military Millionaire podcast where we teach service members, veterans and their families how to build wealth through personal finance, entrepreneurship and real estate investing. I'm your host, David Pere. And together with my co host, Alex Felice. We're here to be your no BS guides along the most important mission you'll ever embark on your finances..

David:

Hey, you made to the podcast!

Alex:

Do you want to introduce the world to Kate? Miss Kate?

David:

Yeah, I mean, we already started. I figured that this would be a show where I don't let you talk for like 20 minutes before we hit record.

Alex:

Are you laughing at him?

David:

So I cracked a beer and we're rolling.

Alex:

You crack the beer?

David:

Yeah, it's like..

We're talking new year goals!

You drink a beer when you talk about wins from 2021, right?

Alex:

You know, I love civilian David. Because the military, the structure really makes people kind of adapt to that structure rather than letting themselves be themselves. And, you know, David's set up the War Room, our group meeting, and for me, it's 9:30pm. Just like, we used to record this podcast that like freakin, you know, eight 9pm for two years. And then David gets out of the military. And he's like, I'm not showing up to the War Room at 9:30 is too late. So he doesn't show up anymore. And so all of us are sitting there in this latest meeting, that we only do it late to see a piece of David's busy schedule.

David:

And this ladies and gentlemen this is what we call controlling the narrative. And if you listen to one side, the bullshit you believe is astounding. But I'm not gonna defend myself. We're gonna push. Today we're talking about 2021 wins and 2022 goals. And Alex is wearing a not quite pink shirt because he didn't all the way sell out.

Alex:

Correct! I do not sell out. I can't.

There's no amount of money in the world that I care about, too. I made a video right. I bleed. I live in bleed pink, bro. I'm not giving it up.

David:

I know.

Yeah, I felt like an asshole last night when I realized the call was going on. But I also was sitting at the dinner table with my family for Christmas. It was like, oops.

Alex:

All good as with anything, I'm not busting your chops about any specific instance, I'm busting your chops, and I will find any way to do it that just happened to be the easiest one in front of me.

But we're on top of the War Room, before we get really into it. I would like to use this platform that you have given me to solicit our listeners, something that I get nothing for. I don't get paid for the War Room in any capacity. I don't. I don't know. I can't imagine you're making much money on it. But there are definitely paid aspects of the War Room. And for more than anything, it is a barrier to entry to make sure that you're serious. And it is a small barrier to entry. It's kind of, can I say it here?

David:

Yeah, I don't care.

Alex:

Yeah, it's $50 a month. It's not much money. And for anybody, you know, on the fence or wondering if they should, I'll say this, it changed my life. I wouldn't be wearing this if it wasn't for the War Room. And it's a way to get in touch with people who are beyond your current capability. And I'll say the other thing is the same reason why I'm thinking about joining abundance. It's not because I can afford it. It's because I really probably if it seems like it's a lot of money. That's okay, the trick is you get in and then the interesting thing is, it's like an investment, you start making more than enough to cover the cost of the group.

So I just wanted to get a pitch, a little a win for David Pere and his war room mastermind, which is that I mean, it is for all intents and purposes now changing lives for the better and changing the trajectory of people's lives. It's not that you go and shop for one meeting, it's that, you know, I've been in the war room for two years now and I'll be in the war room for another, you know, till I'm dead and my life trajectory is forever changed and it takes some time. But if you're on the fence during the warm and a few years, you'll be a different person and you'll be better for it.

David:

That's crazy.

Some of the things that have happened in that group since we started it and man you're right on about go abundance. I won't name names because you know who I'm talking about. But I mean, I got introduced. I joined Go abundance. And in the onboarding process, they introduced me to two guys in my market. Go abundance, one of which I already knew, I just didn't know he was in abundance. And the other one we went to lunch by the end of lunch, he had basically told me he had $80 million to buy real estate with this year and he would give me a 5% equity stake in anything I found that he wanted.

05:00 - 10:00

Alex:

Look, I'm convinced that some money like..

David:

That's the bullshit meter.

Alex:

Business, all businesses are people business, every dollar you're ever gonna make. There's no money tree. It's man made. It's a man made thing. I got landscapers in my house today.

It's a man made thing, right? So every dollar you're ever gonna make is gonna come from another human being. So if you just get around the right human beings, Money solves itself. So I love that for you. I think I'm gonna join maybe, maybe this year, maybe next year? I don't know. It's a little scary.

David:

So you decide if you're going as a guest?

Alex:

I don't think so.

I got a bunch of transitions going on right now. So yeah, so not really good timing for me.

David:

Does the military teach you anything? Like the answer is always more chaos.

Alex:

I have a lot of cash right now.

David:

All right.

So real quick, I'm gonna pause this, will not pause this. But, whatever. This is actually the first episode that's gonna air while we're doing this. So to let the listeners know what's going on, Alex and I, well, there's two ways to word it. One is the pretentious way, which is that we get really sick of hearing the same story over and over again. And it was super unfulfilling. And we were like God, we needed to find a different way to interview other people. Because this needs to be something we enjoy as well. The not so pretentious way to say it, is to just say we want to try something different, because it's as fun as it is meeting new people. We had a couple episodes. I mean, we even had an episode this year where we didn't air it, because it was just such a hard pitch, multi level, I have no idea. And we got burned out on people coming on, like wanting to come on the show to just literally just sell crap, and solicit how awesome they were and, and not be honest. And so we were trying to figure out what to do with the show. And we ultimately decided we were gonna do like two episodes a month where it's just Alex and I, and we pick a topic we talk and it's just a casual conversation, we just have fun. We whatever.

So like today, we're talking about what we did over the last year, what we're looking forward to for the next year, you know, maybe some goals, so who knows, whatever. That's the point. It's whatever. And then we'll also do like one high level guest every month. So we're gonna try to find some more Robert Kiyosaki’s out there. And then we're also going to do like one, one or two episodes a month, depending on whatever where it's just a friend. And we just do, you know, we bring a friend on and instead of being an interview, where we feel like we have to ask them questions, we just say, Hey, this is our friend, he's fucking awesome at taxes, and we're all gonna talk about tax bullshit for an hour. It's gonna be fun. It's gonna be light and easy conversations. And you're gonna probably get more out of it, because it's the kind of conversations where, you know, Alex and I are asking questions that we want answers to and having fun and, and just talking about whatever.

So I don't know, we're gonna wing it. We're gonna see what happens. We hope you guys enjoy it as much as we do. But this is episode one of the new and improved Military Millionaire podcast. I think this is actually like, Episode 158 or some shit like that. 156 so.

Alex:

That's awesome. 150 I love it.

Yeah, well said, I think definitely the interview like who are you telling your story format has been beaten to death. It's very difficult logistically to find great guests every week, and have them show up, haven't been entertaining and have no ulterior motives. So logistically, it's much easier for him to come on here and, and do our thing and then have other people come on. And then, yeah, there's definitely a level where, you know, hearing people's stories is, I'm sorry to say it's just after two years of it.

David:

Oh, then you bought another house?

Alex:

He bought another house.

And look for our new users for our new investors rather, I understand that that's very valuable. That's a piece that we're gonna have to miss the trade off. But I think instead, what you're going to get is you're gonna get more nuanced conversations, and a little bit of voyeurism into real real estate investing life. And I hope that that actually is more valuable. And I think we'll be better hosts for it. And that's what's most important is that we can provide the most amount of value.

David:

Yeah, and the only thing you're gonna get solicited now is my only fans. So I mean, sorry, this PG. That's trying too hard. You should…

Alex:

Anybody who's seen you on TikTok knows that you're trying too hard.

David:

Dude, but that stuff is going crazy.

Alex:

I couldn't care less.

David:

I could.

Alex:

100,000 views at 30 seconds a pop, if you get 100,000 views on YouTube. About a 10 minute video..

10:00 - 15:00

David:

I know where you're going with this but check this out.

I got, I'd have to look at the exact math within a 24 hour period I think I got 12 leads like and these are these are leads that are you know worth something to me from one video and so it's you don't make any money on TikTok, but they come, they come to YouTube, they come to Facebook, they come to Instagram, and they email the crap out of you. I've never gotten as much engagement in my email from any platform as I do from a single video on TikTok.

Alex:

Yeah, that's interesting. I got to get on Tiktok, but I just don't like being on camera.

David:

It’s fucking weird man. It's awkward. I making videos that are so stupid.

Alex:

And then I watched you and I'm like, I really definitely don't want to do that.

David:

No, but they work. I was like, mind blown. When I had that video get like 300,000 views, and I woke up with like, 100 emails. And I was like, Okay, I've never gotten more than like an email a day from Instagram. Maybe?

I've never, I've never physically been able to go, Holy crap, that one piece of content drove this and with Tiktok it's totally doable.

Alex:

I'm happy for you. I'm not knocking it.

Yeah, I know. It doesn't seem like something I can do. But I haven't really tried. But I'm glad it's working for you.

David:

Yeah, I’m so surprised about it.

Alex:

But it's very easy to make fun of you because you are ridiculous.

David:

Oh, you want to talk? We talked to voyeurs.

You mentioned voyeurism and inside the real estate, did you see my Instagram story yesterday?

Alex:

No.

David:

Okay.

I figured you don't watch anything I do. I don't watch anything you do. We don't watch anything. Anyway, let me share something awesome with you. You'll love this.

As a good guy who's risk averse? I'll make the setting real quick. The setting is the inherited tenant. Sanford and Sons type tenant right just hoarder house.

Alex:

I did see this.

David:

Okay, so for everyone else. I got a two page code violation list from the city of all the crap in this dude's yard and, and we're like. So I went to the tenant. We're like, Hey, can we help you clean up? He's like, Fuck you guys. We're like, okay, so we go to the city. We're like, Hey, can we kick him out? He's paying rent. And we're like, you want this fixed, but I can't fix it because he's a tenant. And the city's like, Nah, just whenever his lease is up, like clean it up, but they keep sending me these notices, right? So I'm like, Oh, my God, like every month, it's like, hey, city, we still can't evict him. Like, what do you want me to do? Finally he decides out of the graciousness of his own heart, to stop paying rent. So we're like, alright, well, hey, dude. If you clean all this crap up, we won't evict you just get out of here. Doesn't want anything to do with it. So we're like, Okay, well, we'll clean all your crap up. One of the like, whatever. Trying to play nice with this guy. Yeah, that never works. So anyway, we ended up evicting him.

We went into the house yesterday, after the eviction, and the homeboy left everything he owned behind. It's still a hoarder house, I'm gonna it's probably gonna cost me 1500 bucks to get my junk to clean it out. But he took all the wiring out of the fucking house, which is gonna luckily I have insurance and cash reserves and that LLC. But I mean easily to pull all the sheetrock off and rewire the entire house is 20 grand flat. No, I mean, I would not be surprised if it's closer to 25 or 32. I mean, we got a it's not a big house, but literally rewire the entire house which means sheet rocking the entire house. And as you know better than anyone else. The beauty of something like replacing wiring and sheetrock is it doesn't make the unit rent ready, and it doesn't increase value.

So that is 20 grand that you throw into a house and I still have to go through the floors. The paint cleaned the place out. Like this is on a house that's worth like 65 grand.

Alex:

Bro, insurance.

David:

Yeah, so luckily, so that's the saving grace and that's the inside peek here right is this is like felony level vandalism. We're gonna end up probably filing a charge. We're not gonna get anything out of it. But it's one of those like the police reports done. We know who did it, we're gonna probably be like, Hey, dude, here you go.

Alex:

What you'll do is you have to get two things. I believe you can get insurance to pay. And secondly, you know, how old is he? He's probably an older fella. But you know, you'll get a judgment.

David:

Yeah, and I'm not even worried about the money side from him, right? Because blood from a turnip. It's more the fact that, if there's not something put on his record about this, the next landlord he goes to is never going to know and is going to walk into some dude who's such a shitty human being that they would literally do more work than they've done it. They haven't had a job in like four years. And so it's like, this guy doesn't like to work. The amount of effort it takes to do what he did to my house is pretty astounding, given how little this dude likes to work. So that's the pictures.

Alex:

I saw the picture.

David:

The whole house. It's like, oh my God.

Alex:

It reminds me of a, with a phrase that Will Ferrell says I'm not even mad, I'm impressed.

15:00 - 20:00

David:

Yeah, it's like I called John because this is one of the ones that he and I are partnered on and I was just laughing. I was like, you want to hear something really funny? I told him he's like, it's not really funny. I was like, well, insurance said they're gonna cover it. We've got a police report. Like, we also have 25 grand in the reserve account for that LLC. So like, no big deal. I mean, big deal. But like, yeah, at some point in life, right? It's just like, oh, it's part of the game.

Alex:

Ye! Yeah, that's part of it. So anybody who's listening you know, reserves, bro, reserves and insurance and then luck some It's just luck, or bad luck.

Alright Dave, talk to me about your 2021, tell me about your 2021 wins and losses.

David:

Yeah, I mean wins, left the military, joined the reserves, right. So I guess that is still technically in the military, but whatever.

Financially Free, right. I mean, I was on the fence about whether that was true or not, but after being essentially alone for the last seven months and no military pay for the last three and a half of that. I think I can officially say we're at least so far we're golden. So those are wins, really boosted my real estate portfolio, that's a win, started building an off market deal and hired some legit employees. That's a win.

Losses, let's see. relationship with family was a lot harder coming home from being geo Bachelor for so long than I thought it would be. And that's still kind of a rocky Gambit. A lot of learned the hard way about a lot of marketing spent a lot of marketing dollars on off market stuff that I didn't get back. But I mean, we got six properties under contract right now so it'll recoup in the long run.

Hotel that we bought has been just a money pit and it's totally our fault because we renovated the entire thing in the on season and then got ready to rock and roll in the offseason.

Alex:

Yeah, so anytime you want to do apartments and you have mass vacancies, you need that place filled like November needs to be filled in November going into December. People don't move in December and they freaking miss rent because they're paying for Christmas and whatnot. November, December, January we play our places filled we don't do evictions we don't do I mean those we have to and we don't do rentals.

David:

Yeah. So I mean, you know, lessons learned. But ultimately, we're going to be going into March with a nice looking asset that's totally operational, ready to rock and roll. So like, again, one of those lessons that sucks. But we were positioned in a way that it's not the end of the world.

So ultimately that property will be a win. It's just, you know, we haven't gotten to pull any cash out yet. But I mean, realistically, stabilizing a new asset that big is pulling cash in the first couple months is always a pipe dream anyways, so that's probably about it. Those are probably the big high level wins and losses.

Oh, and I finished a half Ironman, officially, which is a big win for me. Because a year prior to that I had my PCL replaced to my left knee and they told me I'd never be better than 90%. And that I will probably have good luck ever running distance again. So it wasn't an impressive time, but it was a finish. So..

Alex:

How do you do your goal setting? Or? Well, we haven't got there yet. Actually. Hang on.

How is that? How does that compare against your goals for the year? Like all the stuff you just labeled?

David:

It's a good question. Because I could not find my like.. So I do like a front and back page every year.

Alex:

Oh, you do on paper? Do you not have a computer?

David:

I like writing. Like physically. I am buying one of those tablets where you can write and it uploads automatically. I have like all my goals in my journal.

Alex:

Google Drive, bro. Google Docs, everything uploads automatically.

David:

No, no. I mean, like a like, like, as far as actually like one of those tablets that feels like paper. So instead of using..

Alex:

Remarkable?

David:

Yeah, well, a different one. But yeah, yeah.

Yeah, cuz I like, I remember things a lot better if I physically write it down. And I like doodling, I like writing. So. But as far as I remember, for most of my goals, I mean, the biggest one was leaving the military and being able to stand on my own two feet, accomplished. I didn't have a unit goal. I had a passive income goal of hitting my 5000 a month, crush that. So we're doing all right. I mean, as far as the big ticket goals, we're good. I just don't I just don't remember where like all the little my new crap, but.

Alex:

It's so interesting. I do a review blog every year on my website, brokeisachoice.com. And it really helps me stay on track.

David:

I had my 2019 and 2021 and I crushed you know.

Alex:

Gotcha. That's interesting. I'm glad you had a good, that's good.

20:00 - 25:00

David:

What about you? How was 2021?

Alex:

It's hard to say I feel like it was really lousy. But if I start telling you what happened, you'd be like, that's pretty good.

So, definitely, I definitely had the hardest. I'll say it this way. I had the hardest year mentally than I've had in probably a decade. A lot of that because I live in this town. I don't like living here anymore. And so I'm working on moving out. Real estate didn't go so well and I didn't buy any multifamily. I only did two flips, no wholesale, like I just didn't do that much real estate.

David:

I thought, Oh, the 52 was last year already. Holy crap.

Alex:

It was December 30 of 2020. So I repositioned that property. I will say this, that we partly paid 3.2 million for that property late last year. I knew I got a deal. And I knew I could reposition it well, another property that's also 50 units, so slightly smaller, very slightly smaller, basically the same. But all two ones instead of three twos. That property just sold for 4.2 million.

So making a million dollars in a year is not so bad.

Alex:

Yeah, sounds rough.

Alex:

I made it for my investors. So I love that.

I sold 24 units this year, which is kind of bittersweet, because in one way, it's like dude made a bunch of money. And the other way, it's like, I don't have it anymore. So the pipeline is gone. But I paid 1 million for that property. And I sold it for 1.5 in two years, so I got to pay my investors two years, I paid him a 50% return in two years. So investors who gave me $56,000 I gave them 131.

David:

No big deal.

Alex:

I felt very good about that.

David:

That’s awesome.

Alex:

Sold an underperforming condo, I bought a condo until an antenna at the bottom of the market and over the last 10 years, it only went up $10,000 in value. I was very unhappy about it. But I was like, You know what, there's no more. The rush is over, it's not going to go much more than it didn't last 10 years. In any kind. It's not going to spike like that. So I was like, let's get out while the getting's good. There's no more, there's no meat in this thing.

So I was glad to get out of some deals that were underperforming that felt good. Late in the year, I joined climb capital, I believe that's going to be extremely fruitful. I'm very thankful I joined, I was able to do that because of the war room. And, you know, we're gonna, you know, it's new, I haven't really worked on any deals for them yet, but I'm hoping that we'll close some deals this year, and I'll be part of it, and that'll feel really good. And I joined as a partner.

So my direct return on per deal will probably be smaller, but my deal in the long run will probably be much bigger, since I'm a long term guy. So those are good.

You know, I had met Kate last August, but now things got really serious early in the year and so that's gonna be you know, she's incredible that she's, well, more than likely to get married.
She has an incredible journey. You met her twice now.

David:

I know.

Alex:

She says the same about you. Yeah.

David:

She's awesome. Anyway, she talks Dave is a good person.

Alex:

So she is good at shit talk.

So I did a lot of things that were interesting. I spent my freedom and what I did was I went off and I filmed 12 episodes of Meet the Investor for Bigger Pockets. I filmed a promo video for Matt Faircloth in the DeRosa group that is probably the best thing I've ever made. I did a bunch of vignettes for my friends and I traveled more than I traveled quite a bit. So that's like, you know, we're on this blog on this podcast and we're doing like ambitious entrepreneurs type stuff. So what I think is weird is I didn't really get much entrepreneur stuff done. But you know, I went to Vegas, I went to Indianapolis, I went to Chimney Rock Myrtle Beach, Gatlinburg, Lancaster, Gettysburg, Austin, Orlando, New Orleans, Belize and I took my camera everywhere so that's something valuable. That's a life that's hard to quantify but that's life and so between Kate and that I felt good about my life but being in a small town really crushed me and not doing that on real estate hurt me. So overall, I'd be an asshole to complain. I made a bunch of money. I didn't do many new acquisitions. So a lot of us just hurt ego.

David:

Ego is the enemy anyway, right.

Alex:

True.

But you know, hey, I'm here to tell you the honest truth. I read a lot of books. I read a lot of books. I always loved reading, I always love reading so that was good.

25:00 - 30:00

David:

Yeah, I did that as well.

You know, the travel thing is weird. So this is the most freedom I've had since, as an adult, I'm pretty sure I went to at least one state every month since like May. And I've got at least one event lined up every month until April already actually May. And like the part I'm really struggling with, this is like one of my we're not gonna we haven't gotten into 2022 goals yet. But I'm really like I'm reading, free to focus by Michael Hyatt and really trying to hone in on saying no and setting boundaries for myself and taking opportunities because where I've realized is that I while I am financially free, and well, I can take my laptop with me and I can work from wherever. I find that when I take these events, I come back and like, it's like, every week gone is two weeks of chaos, trying to catch up. And I'm trying to get to the point where things are so smooth, that I can go away. Because what I do is when I'm gone, everyone reaches out to talk. I'm like, oh, yeah, I'll be back on this day. And then they all remember and then I'm like, oh my god, Why'd I do that? And so trying to find that balance, yeah, where I can still go travel because I have some big goals for travel this year, like I want to do Machu Picchu. A couple other things. And it's like, Man, I need to be able to leave. And you know, touch base from my computer, my phone or whatever, but like, not feel like I have to be on it in order to not fall behind.

Alex:

I got invited to something actually, I got invited just the other day to Breckenridge for a real estate networking event.

David:

February?

Alex:

February.

David:

Dude! I'll be there.

Alex:

And I was like, and I looked at it. And I was like, Look, I don't like schemes. And then I said network was real estate investors. And I was like, Craig Corelop. I'm David Pere. Shelby Osborne and I was like, I don't want to ski and I don't, I don't like these people. Why am I going to go across the country to spend a few days, and it's that kind of thing. Obviously, I'm just joking about not liking you guys.

David:

I can’t believe they invited you after I told them not to.

Alex:

I think Drake was gonna go with Shelby and he bailed and so she's like, I just need my best friend to come with me. And I was like, dude, I'd love to hang out with you. But I don't want to ski and if I need to talk to David Pere, Craig or Shelby. It's a text. It's not even a text we text every day. Anyways, there's nothing I'm so sorry. But I don't have to fly out across the country to network. Not to mention, I'm probably going to see a BP Con. I'm probably gonna see a bunch of other stuff this year.

That was a place where I said no, but even though I get a little FOMO about it.

David:

Yeah, I'm gonna make sure Shelby and I like, we're gonna take a whole bunch of really awesome photos. And we're gonna take them really poorly. Like, I'm gonna do the ISO all wrong. And then I'm gonna be like, Man, if only we had a photographer here enjoying this with us.

Alex:

Yeah, pay me. You can’t afford me.

David:

Probably not. But..

Alex:

Wait, what is that? That's early February?

David:

Yeah, it's like the first week.

Yeah, Charlie Cameron's going as well. So I'll finally get to meet him in person which I'm excited about.

Alex:

Yeah, he's the only one I didn't really know. So I was like, but you know what, dude, I'm going to best ever two weeks later and two days before that. I'm going to California for one day to see tool fucking tool. So hyped with our fellow war room member John Milan, very excited about that. And then before that I'm going to Pensacola to spend some time to climb so I got you know that's three trips in the first 60 days I didn't need to do an unnecessary one and come to your point where it's like Dude, I gotta be here to work I gotta get stuff done. So every time time away it's like yeah, you have your laptop but mindset, you're not in the right mindset.

David:

Yeah, yeah, that event's part of why I haven't even the whole world seems to be going to best ever and I would like to go but I don't think I'm going to and it's because I've got an event. March 10 to the 13th and then I had already said yes.

Alex:

I know that event too. That's in Phoenix. I'm going to be at Rubicon.

David:

Yep yep. Yeah, I do not need to go see you in February in Phoenix. Since we're both going, we can kind of advertise to that one. If you want to come see David either. We're gonna be it's a small event to 300 people.
David:

Real Estate Wealth Builders.

Alex:

Real Estate Wealth Builders. It's all people who are givers. It's hosted by Dustin Heiner. If you use a discount code, Alex, you get some money off. If you use the discount code David you don't get shit.

David:

Your testicles will stop working, you'll die shrivel up and just your soul gets sucked out of your body if you use Alex.

Alex:

If you use my discount code. You might get this hair and beard but if you use David's discount code, you get a little mustache.

David:

Trying to remember who else so Dustin Heiner is putting it on. He's awesome.

Shelby is speaking, you're speaking, I'm speaking, Chad Carson, I believe Ryan Dawsey. So I mean, just off the bat, right.

Alex:

Annie Dickerson.

David:

Yeah.

Alex:

Paul Thompson.

David:

Oh, that guy is smart, smarter than I am.

Alex:

Seth Williams, Suneetha, Jason and Peely who I love. Well, I don't know them super well, I've met him once or twice and I love them since what I know but so you that's going to be a great event.

30:00 - 35:00

David:

First impressions are always the best. People never hide anything then.

Alex:

What?

Kilian Sage, short term Sage, good friend of ours.

David:

It's going to be covering most topics and it's a whole bunch of people who are coming together to build this, I guess event without the intention of selling all their crap so it's not going to be a pitch fest which is which is good because there's a lot of really good like some of the best conferences that we go to like Fin Con are not pitch fests, but they don't like. I know, it'd be fun. It'd be a lot of fun. I think it'll be a really good event for anyone who's interested in real estate.

Alex:

It's Phoenix, the early bird price is 650. It goes up on January 1. So by the time you hear this, the price will have already increased by $50.

David:

Thanks Alex:

Alex:

But yeah, go with us. And then I booked my hotel and flight today, so I'll be there. But yeah, to your point, I'm like, I'm not going to Breckenridge when I have five trips planned for the first night guys.

David:

Yeah, let's see. I got to Park City in January.

Alex:

Yeah.

David:

And then literally, I leave Park City to fly to Dallas, because I'm speaking at an event in Dallas with like 1000 people and then the Breckenridge early February Dustin hire early March something in April that is a thing and then in May we are hopefully going to be doing we haven't planned out exact location yet but when we do we'll make the announcement the first actual in person veterans live so veterans REI live with Bill Allen, Stu and everyone else so.

Alex:

When was that?

David:

We haven't picked dates but we're looking at mid to end of May. And we've got another call next week, I think but hopefully we're looking like Nashville Dallas. Somewhere Central.

Alex:

Well, I'm not going to make it so I have in late May. I'm going to Spain to hike a pilgrimage called the Camino de Santiago for seven days. Seven day hike.

Alex:

Yeah, and then from there, I'm flying to Germany to go to a friend's wedding.

You guys heard it here first. You should go to Veterans Live. Alex won't be there. There's no better sales pitch, then you won't have to see him.

Alex:

Which means it won't be that good.

David:

Okay, so we've got like 13 minutes before we interview, well not interview but have Jabbar, I'm gonna mess up his name.

Alex:

Dude, your 2022 goals.

Alex:

That's what I was gonna say.

I'm gonna just run through some big ones here because there's like a million things written out here. And I haven't formulated it, ideally yet, but I'm going to have a good year in the reserves. So I'm going to successfully accomplish year one in the reserves without or I will quit, one of those two things will happen.

I'm going to read 30 books, and I'm going to attend one go abundance events. And those are all like easy ones. But as far as the business, I'm going to finally finish my lawsuit. My two and a half year quarter million dollar lawsuit, we have a court date in March so hopefully that finally goes through

Alex:

The universe is gonna let that drag on to your 90.

David:

Yeah.

I'm gonna get up to five deals a month with my off market dealio I'm gonna hit 15,000 a month in cash flow. And that's a stretch goal, for sure. But if the hotel starts doing what it should, that'll help.

I’m gonna buy one off market, either a mobile home park, RV park or multifamily 25 units or more.

Alex:

Con capital is exclusively focused not exclusively, but highly focused on RV parks right now. So Jeremy and I actually talked about today, maybe we can partner, maybe we'll find a deal. And we can. We can partner up.

David:

I'm down.

Alex:

RV parks of the future. You heard it here.

David:

Shhhh.

You're supposed to wait until you own them all. And then you tell everyone that's how they do.

I have a whole bunch of like follower goals and nobody cares about my platforms. Hoping to get oh, the podcast will be profitable.

Alex:

If you want to sponsor this podcast, reach out to David or I. We are looking for sponsors.

David:

I'm going to complete a full Ironman. I'm going to get down to 200 pounds. By the end of the year, I will have $25,000 A month passively and $40,000 a month active income, $2 million net worth nothing but good debt. So no credit cards, no auto loans, no whatever. And I'll be able to save 25% of my income and then goals as far as like kids playing sports and father son dates and relationship goals and then for adventures I want to do Machu Picchu. And I want to do one like Arctic backpacking, hunting camping trip like Alaska, Montana, Wyoming, something where it's like, snowshoe fucking cold, a couple dudes, big guns, kill something, eat it, whatever, something manly. I need that adventure in life. And then a couple of vacation goals with family. And you know, that's pretty much it. .

35:00 - 40:00

Alex:

I love it.

Are you gonna post it online?

David:

Yeah, maybe once I have it all formatted.

Alex:

Yeah.

David:

I kind of like the idea of like, I don't know, there's like two sides of that coin. I like the idea of accountability. But I also like the idea of keeping my goals. And I almost feel like putting goals out there. Seem comes off. disingenuous in a lot of cases. Like it's, it's, it feels kind of like virtue signaling almost to me. And I know it's not but like, for example, like, I wouldn't put a goal publicly out there. If I was like, I'm going to give away a million dollars to this charity. Like, I wouldn't. I wouldn't want to publicize that, because I wouldn't want to follow it up with I gave away a million like that. I don't know, I always feel kind of weird about which goals I publish or which ones I don't.

Alex:

Interesting, yeah.

I'm pretty transparent. So I don't mind that stuff. I don't think I do that much virtue signaling. Definitely, though.

David:

Alright, what about you? What are you doing?

Alex:

Okay. So one of the big problems I have in my life is that I am terrible at negative self talk. So in 2022, I'm going to do negative zero negative self talk, I'm done, none of it.

And then, one of the things I also want to do is I want to do more charitable giving. So on your point about publishing charitable goals, I think what I'm trying to do is every time I raise money for deals this year, I'm gonna ask them to donate an additional half or 1% act additional. And I'm gonna give that away to charity. And so I'm working on that.

David:

Same reason.

Alex:

Yeah. Don’t give me $50,000. Give me 50,500. And the 500 go to charity. It's not that big of an ask. I don't think so, so we're gonna work on that.

Fitness. For the first time in 18 years, I've been a meathead and then for the first time in 18 years, I really jumped off the gym. So we're going to get back into that hardcore and we're going to get back to you know, 350 - 400 pound squats before the end of the year. That's my goal.

David:

How much deadlift?

Alex:

More. I can usually deadlift more so at least 350.

David:

There you go.

I like some deadlifts.

Alex:

Books, I'm not doing a book number gold because like lists this year I read, you know, The Brothers Karamazov, I did infinite Warren Piece, Moby Dick epically long books. So I think I only got like 27 done. So I don't want to do a numbers goal. But what I do want to do is I've been very active on my, the great book club of Alexandria Facebook group. And so starting January 1 we're starting Infinite Jest. Anybody wants to belong, or just art or just participate in a book club, it is not an entrepreneurial book club. It is not a business book. It's more about culture, philosophy history.

David:

What's book two?

Alex:

So the three rereads I'm gonna do this year are Infinite Jest, Anti Fragile, and The Spoke Zarathustra, a Nietzsche book. So those are the three I might do another one but those are those are big ones. And so I have some other goals, you know, I want to write more about books, three takeaways for every book, post all the books book club, take pictures of books, because I love my books, and I love my camera.

I want to go to at least three conferences. I have two already lined up. I want to speak in public a couple times. I'm committed to attending every single War Room meeting. That was one thing that I missed this year, I skipped a lot of meetings because I wasn't feeling like I was accomplishing much. And so I was like I don't wanna go to this meeting and be a piece you know, be lackluster or not have a lot to add and be the low man totem pole and that's hard to do that but I'm gonna meet I'm going to miss no meetings in 2022 no matter what.

David:

I like it.

Alex:

I had converted one property on Airbnb this year and it went well. I'm going to convert more next year. I'm going to buy a property in Charlotte. That's like my big number one goal is to get to Charlotte, I think that will change my mental health in probably 180 degrees. So that's a really big life goal.

YouTube, I want to make at least 30 YouTube videos, if not more. I'm starting a new podcast. I'm working on it and to get my production stuff done, but I'm starting a new podcast about culture and politics. And I have it kind of wrapped up. I need to get the production side done. So maybe some of you can probably help me with but I want to start that, that's something it's kind of a passion project I've been working on. Politics is hard to tackle, but not really.

I'm going to Spain, travel goals. I'm going to Spain, I'm going to Germany. At the end of the year in November I'll probably go with five pillars to go there on Daniel's team trip to South America. So three international trips would be a good goal. I'm going to Pensacola. I want to go to DC. I'm going to Denver in February. Miss Kate wants to go to Charleston. I want to hit Vegas. At some point we're going to Orange County. And I don't know anywhere else. But that's a good travel list. That's 1,2,3,4,5,6. Six in national cities and three international.

40:00 - 45:00

David:

That's a lot.

Alex:

That's not bad. Plus moving. Plus, you know, work so I think I'm gonna travel actually a little bit less this year, but more meaningfully more intentionally.

David:

I think that's kind of where I'm feeling on the travel thing is like, I went to literally everything that was thrown at me last year.

Alex:

Yeah.

David:

I had a lot of fun!

Alex:

Fin Con was a bust we didn’t need to go.

David:

Yeah, I bought my ticket for next year. But I don't know if I'm gonna go. I'm gonna fill out the lead up to it. And then..

Alex:

Dude, let's say yes to the bigger things.

David:

Yeah.

Alex:

2022 is gonna be the year of, what is it? How do you say it? Say fuck yes. Or no.

David:

Dude, well, not to totally do chores. I'm not going to pull it up. But this book Free to Focus by Michael Hyatt.

Alex:

What does he write? He wrote some notes. I know.

David:

Yeah. Since we're doing less formal stuff.

Alex:

Give it a goog?

David:

Yeah.

Alex:

Give it a goog. That’s what it means, they say.

He wrote a bunch of books. 18 books. Goodness gracious.no fail mission

I haven't read any of these.

David:

Alright, so anyway, I had free to focus sitting. Where did I get it? It was like a garage sale find or given to me or something, right? I had it just sitting on my shelf. No idea what it was. And I heard somebody recommend it. I don't remember who it was. But I just heard it recommended somewhere. And I was like, hmm, I have that book. Let me crack it open because they recommended it as a way to like, be better at saying no. Which is what I wanted to do. And dude, I'm halfway through it. Fucking game changer so far. Like it's, it's like it's talking about finding your passions, like your what, what stuff you need to work on, but in a way that I understood, but it's talking about setting a not to do list. I will not take or schedule phone calls after 5pm More than once a week. Going forward. Like just setting boundaries for yourself. And yeah, so that's my hope is to be able to say no, a lot more to a thing.

Alex:

Call me. Because I'm good at this. I say no, I'm good at saying no. Call me. I'll help you out. Also say no to Fin Con. I'm not going to Fin Con this year.

David:

I get myself stuck in the catch 22 of like, ooh, but that might help the platform grow. But it's like most of it. Most of them.

Alex:

Did you get anything last year?

David:

I'm not talking about Fin Con just in general. Like that's why I say yes to everything.

Alex:

Your platform is growing because you're making good content, because you're doing on time. Because you're doing overtime, like dude, let's go to stuff that's meaningful. I would love to do a group trip we've been talking about for a long time, I'd love to do a warm trip rather than do Fin Con.

David:

Yep.

Alex:

We outgrew FinCon, a great problem to have.

David:

Agree.

Alex:

Also, I love that you have family goals. This is an entrepreneurial show, and I love that, but life is bigger than just making money. You know, and if your money is right, and your and your life is jacked up, you're not gonna be happy. And if your life is right, and your money is kind of just okay, you'll be happy. Infinitely happier.

David:

Yeah, there are plenty of happy people having jobs.

Alex:

I love that you have family goals.

My first goal is zero negative self talk, as I said, my second goal is, you know, invest in Miss Kate. We actually did a group we did family goal planning yesterday, she and I sat down at the coffee shop, and we did our goals. What we did was we put our spreadsheets on a group, Google Drive, so that I can check hers to make sure she's accountable.

Not just like she has it on paper, or she has it on her thing. And she can check it but no, I can check it and say, Where are you at? And vice versa.

David:

I like that.

I kind of did that yesterday, except my wife is not a goal setter. And so she came up with three things. And I was like, well, at least we did it. So I have two pages. And she's like, you know, but you know, it is what it is. She's actually got, she's very content in her life.

Alex:

Iterative.

It’s a long game people.

45:00 - 46:28

David:

Cool!

It is our first one like this. You'll have to let us know what you think.

Alex:

Hey, we should do something like you know what let's do. Can we do like a group Military Millionaire shared spreadsheet where everybody posts their 2022 goals, everybody posts their 2022 goals in a group sheet we can all look at and hold each other accountable. I love that.

David:

You want to put that together because my head..

Alex:

We need to volunteer for somebody to..

David:

I'll contribute but I am not managing that because my head will explode.

Alex:

Just somebody will do, everybody gets their own tab.

David:

Alright, so shoot me a message on Facebook if you want to be the guy or girl and we'll post it in the Facebook group. We'll make it fucking happen, I'm down.

Alex:

Yeah, it'll be good. I'm not gonna look at her and check, but it'll just be good. Like good to participate as a group.

David:

Somebody else, somebody will go in there and not see us all, I like it.

Alex:

Yeah, heck yeah!

I want to make sure it’s a group thing.

Alright, we got another podcast.

David:

Yeah.

Alex:

Thank you military millionaires for listening.

I hope everybody has a great 2021 and is hyped for 2022.

David:

It'd be good.

End:

Thank you for listening to another episode about my journey from military to millionaire. If you liked it, be sure to visit frommilitarytomillionaire.com/podcast to subscribe to future podcasts. While you're there, we'd love for you to rate the show. Give us a review on iTunes. Now get out there and take action.