Where should I start? What should I start doing?

Yeah.

So I think when it comes to alternatives, regardless of the stock market has been good lately as well.

There's been some benefits there.

But It's almost, it's counterintuitive, right? When something's been good, you have to be willing to say, hey, what are the valuations? And there's interesting, I did a chapter about this in my book from someone named Mike Maloney.

I learned about this, but this idea of relative valuation, right? So everything trades on a relative valuation, meaning the stock market has a price earnings ratio.

How many dollars do you pay for every dollar of earnings? Well, the average historically is, is something like 14, right? And now I believe we're in like the 26 to 28 range.

What have you seen early on that's really worked for you and what have you been able to, I guess, document or systematize in the capital

What are some of the threats to people's wealth that you focus on?

I think there's a number of them.

I think, you know, no one really cares about money, your money, the way you do.

So there's a saying that passive income is actually a myth because, you know, if I just say, okay, you're my guy, I'm going to give you all my money.

Like, you know, you maybe don't care.

Maybe it's a family or something, but most people don't care about your money the way you do.

So you got to pay attention.

But that first moment of like, is this a good deal? Am I getting scammed? Is this the right deal for me? What's a way to help people kind of have a rule of thumb to help analyze these deals?

Why don't you give us an update? What have you seen? What have you transpired? What are you doing?

Yeah.

So just a quick refresher.

So when this was about 18 months ago, we had the big fires all over that.

We had the fires here.

I evacuated my house, not knowing if I'd come back to my house and It's kind of a really scary feeling if you're like, man, I don't know if my stuff's going to be there.

And then, you know, there were 4,000 homes within a couple of miles, a few miles of me that burned down.

Are these wood framed? Are they steel structures? Are they non combustible? How's that playing out?

Why don't you go ahead and talk about that?

Yes, there's a lot to talk about here.

So I am a tax strategist.

I'm not a CPA, so I'm not giving anybody specific tax advice to give that disclaimer.

So consult your own professional or get a referral to one of our tax strategists that we refer people to.

But basically, there's some real amazing things.

I was paying about a 25% effective tax rate when I was a medical sales And then I got down to about a 1%, and it would have been zero, but because it's California, they take their pound of flesh.

When is it done well? How do you structure these deals for someone where the risk is lower, but they're still getting the benefit of deferring or outright reducing their taxes significantly? Yeah.

It didn't do anything to bump the needle on lead growth and the things that you do that you feel work.

Yeah, so I think there's a lot of things.

I think maybe having a podcast or again, most people I think have a podcast or they have a business, they have some sort of cause they're doing.

It's not just because they wanna talk.

There's something they're promoting.

And I think as an entrepreneur, which is what you are if you're doing that, is that you're constantly in a place where you're having to put yourself out there and try new things.

And you gotta be willing to fail.

It doesn't feel like I'm a part of a funnel.