335: How to Buy Expensive Toys and Profit!
Buck: Welcome back to the show, everyone. Today, my guest on Wealth Formula podcast is PJ Ghadimi. He is a self-made entrepreneur, philosopher, author and creator of the Wealth Transfer Methodology. I was particularly taken by PJ’s businesses that he’s created around essentially enjoying your life now, being able to buy things you want and essentially either make money or not lose money, which is, I think, a really, really fascinating concept and one that people should really consider. Specifically, he has a few different platforms called Secret Entourage, Exotic Car Hacks and Watch Trading Academy. P.J., Welcome Wealth from your podcast.
PJ: And I appreciate you having me on.
Buck: Yeah man. So give us a little bit of background because, you know, I think this is this is something that actually that I’ve only recently, you know, this concept of sort of living and enjoying the things that you want and feeling like, okay, you can do this by not it not just being an expense on your balance sheet that it can actually be an asset. Where did you get this from? I mean, is this always something you the way you’ve always thought or what?
PJ: No. I mean, think about it. Like I mean, isn’t that the whole purpose of buying a home? Right. We get to enjoy our home. We live in it. And then when we go to sell it and we want to upgrade to something, there’s some result out of that ownership. Even though it wasn’t intended, it was like, Hey, I just bought a house because I really like that. And why went up like $1,000,000 if I’m considering it where you live, right? So you’re able to basically increase not only your net worth, but also just do what you’re going to do anyways. So I share a huge background in finance where I grew up most of my younger years were spent as a VP for a bank, and then when I got fired from that job, I had a passion for cars, watches, art and the finer things in life. And I grew up really poor. So those things were not in the books for me very early on with my life, but I had to save up a lot of money to buy cars, you know, like everybody else. And as I started losing money time and time again on cars, I got tired of it. And so when I got fired from banking and decided, I said, You know what? There’s three key things that I learned in making that were really big. And it’s that banks are ahead of the game. They basically look at trends, they look at human behavior, they look at leverage, and then they kind of look at like values of things because they do a lot of lending. So I started looking at these, you know, algorithms and ways that banks thought, and I said, Well, why couldn’t a person kind of duplicate this in their own life, kind of predicting people’s behaviors, algorithms and things like that? And then as a result of that, create a model, you know, for their own life. And I thought maybe obviously is going to be on a much smaller scale than a bank which does in on billions of dollars daily. But I said it’s got to be possible. And then I said, Well, we’re already doing this with our homes.
We just don’t realize it. Like, so there’s got to be like, is there a reason why we couldn’t do this with cars, watches or art? And I started to realize there was one key correlation between all of these assets, like cars, watches, art and homes. And is that no matter if you look at it on a short term basis, there’s always this valuation difference of supply and demand. So supply and demand is constantly changing the game. But if you look at it on a long term basis, like ten, 20 years, then historically real estate has always been on the up. So like you look at a short term, you go, Oh, we’re looking at 25 to 28 where you had a peak, you’re a lawyer, whatever. But if you look at it over 20 years, you’re like, Well, real estate is a sure bet.
No matter what you buy, buy an apartment, buy a house, doesn’t matter. And it always comes down to the idea that population will always increase above the supply of goods. Right. Like it just makes sense. Yeah. So I decided to look at that in the same sphere, to looked at cars and watches. I said, well, these companies do a really good job at keeping their supply limited. Like Lamborghini doesn’t want tens of thousands of cars out. That’s why for a long duration time, they used to only make 2000 cars. So they were like and I started thinking twice, I would say, on people going to get wealthier Isn’t that a byproduct of generally speaking, like each and every industry continuously increases it like its output? So people there’s more millionaires today than there were a thousand years ago and so on and so forth.
And so I started kind of putting this this framework together, and I started realizing that as long as these exclusive places create scarce levels of supply, then demand will because population will increase, demand will naturally go up. There will be more demand for higher end homes that are like nicer rather than apartment buildings, because those will be more rentals in the future because people will be poorer.
So I just started thinking about that and I started putting an algorithm together that built my next business in 2005, which was at the time called VIP motoring. Today, that business evolved into one of investments which was investing in exotic cars, watches and arts and doing it with people. And so I created that business. And from 2005 to 2010, I kind of that’s what, you know, my my biggest business was it was a huge investment for an A basically cater to bringing in investments, not for banking like back in the day, but rather this time for cars, watches and art. And in 2008, I kind of looked at the future because there was a downturn and everything was going to and I kind of said, well, you know what? This is a cool business and we’re going to keep doing it. It’s going to make a lot of money. But what would be even cooler would be give people the opportunity to do this at home themselves.
Buck: Yeah. So just to be clear, your first business was essentially, you know, a syndication business where you’re collecting fine art or cars, things that are going to appreciate your store. But no one really gets an opportunity to, you know, enjoy them per se. They’re it’s like anything else. Okay. Yeah, it sounds good.
PJ: And you see what was happening, like what gave me an indicator that people wanted to enjoy these things, not just buy them and make money with them, was that I had the same clients come to me and go, Hey, I know we’re putting our money together and we’re buying this $2 million car and hopefully it’s going to go up, right.
But a lot of times they were also saying, well, what if I want a personal Ferrari? Like, can I just can you help me buy one? Like, how do I know I’m buying it at the right dollar? Yeah. Am I going to lose money? What it what’s going to happen? So I started getting more and more of these requests.
So our entire company also had a division which was brokering and helping people basically acquire these assets to use, which at that point was no longer an investment. But it was, hey, you’re lose less money because we’re doing it the right way and you’ll be better off. And so I realized that there’s such demand for this that I was like starting to teach online at the time.
In 2008, I started Second Class, which is an online platform around business. And then I said, You know what? Since I learned now how to basically sell information online, I’m going to start teaching people how to do this car stuff and watch stuff independently of each other. And just if they want to learn about watches, they’ll take one. If they want to learn about cars, they’ll do the other. But anyone can basically play this game. It doesn’t really matter as long as they understand that you need some level of credit or cash and that you understand that you want an exotic car, you’re not forced to buy one. So it’s not really looked at, is an investment, is looking at it as an opportunity to basically enjoy the things you want in life without losing money, which was essentially what I had been doing personally since I was like 19 years old.
Buck: Yeah. You know, it’s interesting because one of the the one of my friends locally here in Montecito kind of introduced me to this concept broadly. He, he was a guy who, like, bought he just kept buying like the the, you know, the cool cars that he wanted. They happened to be, you know, he had like a he had a couple of gold wings yet a dino and all that. And he drove them. He had a great time and then he sold them for massive profit. And I was like, That’s a great idea. But then I sort of dug down to like other parts of his life and like literally the furniture in his house, right? The furniture is all like vintage stuff. It’s not, you know, like he’s paying more for it now with the idea that he’s not going to lose money on this, he might even make money on this. And it’s it’s just it’s a concept that actually, when people hear about it, they’re like, wow, that’s just, you know, that sounds like something if, you know, you got to be pretty rich for it. So why don’t you address that? Can somebody who makes two, $300,000 a year do this kind of thing? And and is it is that difficult?
PJ: So what you just said right there is is a very real thing, which is it’s called basically the storage of wealth. It’s consumerism is starting to lose its glamor for people. People are like, I don’t want to be a consumer of the product anymore. I tired of buying a Ferrari, losing 50k a year driving it. They’re tired of buying shit that’s basically worth nothing after six months and they starting to realize that the more you tap into consumerism, the more money you have to make to basically piss it away. So they’re starting to look at everything from a layer of investment, but even becoming an investor, a lot of times young kids want to become investors when they have no money. You can’t be an investor if you have no money to invest. So basically, either you have to create the bank leverage to take that money, or you’re basically making enough money to have excess money to invest in order to make more money.
Now, can someone with two 300k year or a physician or something play right like a normal person that doesn’t have like millions of dollars saved up and so on and so forth? Sure. Absolutely. But you can play at a much smaller scale, which means that you can’t go buy $2 million car and be like, oh, I’m just going to start here because I just have to understand. That’s what I can buy, things I can’t afford one.
Buck: And that’s interesting because the platform is called exotic car hacks. But in reality, it’s about not just, you know, Lamborghinis and things, but it’s really about cars that are just desirable cars. So they can be at multiple different levels.
PJ: 100%. We have luxury car hacks that focuses on BMW use and Mercedes cars and Cadillacs that are your day to day drivers. You’re going to put in a lot of miles. Then we have exotic car hacks that focuses heavily on exotic badges like Maserati, Ferrari, Lamborghini, Aston Martin. And most people think those cars, they go, That’s 200 grand. It’s 300 grand for a car. That’s crazy. I mean, these cars can be bought as cheap as 30 grand. You know, there’s some Aston Martin them for $45,000, I would argue. It’s actually really funny. Sometimes you’ll see in the street, people praise the guy for driving a Lamborghini. It’s like 12 years old. And that car is like $80,000.
But they don’t praise the other guy that’s driving the 250,000 Range Rover because they don’t know what the British are. And so they they don’t have that perspective because they don’t know cars enough and they go, well, Lamborghini is automatically more expensive. Range Rover. This lack of knowledge about the depreciation cycles of things means that they look at everything from its face, value in their mind.
Lamborghini is what they saw the dealership yesterday and that car was 380,000. And that’s very expensive for a person. And and they think in their conventional mindset and go, well, if I put that in the loan calculator, that means I’d have to pay $6,000 a month. Well, that’s crazy for a car, but my argument would be this what if I told you you could buy, let’s say, a very spare Ferrari four, five, eight, something that a lot of people would love to have. You could buy that car for 200 grand, drive it for two years and sell it for 210 grand. Now, with inflation, that’s basically saying you either broke even or lost someone or whatever. But what it really means is that you were able to drive this car for two years and enjoy it without really having a cost, a heavy cost, a burden of loss by having it.
Now, what if I told you that to insure that car is probably less than $600 every six months, which is insanely cheap and not what people expect. People think Ferrari very expensive insurance. And what if I also told you that is very unlikely that it will ever break down if you follow the specific step by step guide I have on how to do that now, the three things that scare people depreciation, high cost of insurance, high cost repairs.
Now, here comes the next argument. Well, I still have to pay 3000 a month for the car. Well, if you get a loan and you can’t afford to pay cash. Sure, but what if I told you out of that $3,000, 20 $600 of that money was basically being parked in the car? No different than a savings account. And the extra 400 was the interest, which was your cost of not being able to pay for cash or choosing to use the money elsewhere? If there was more value in using the 200 elsewhere. So if you look at it that way, then your real cost of ownership would be that $400 across the two years you carried the interest on that. And even your insurance would actually be null because you would pay insurance on a car anyways. I would argue sure you would have a car. You have to pay insurance. There’s no way to get around that. Even if you pay lower insurance. But the point is that Ferrari or Lamborghini insurance is not necessarily more expensive than normal car insurance. It’s just that people don’t know how to behave. So they go to Geico and they go, I bought a Lamborghini, can I add it to my insurance?
And it’s like, Well, sure, it’s $5,000 a year. Like, Oh my God, it was a thousand before so conventional thinking is what is basically polluting people’s minds that these things are unattainable. But today, in today’s industry, in today’s world, there is more exotic cars on the road than ever before. And today’s Lamborghini like base Lamborghini is yesterday’s luxurious BMW because money has risen and meaning like what it costs to own things has risen. Like, imagine if you were a millionaire 20 years ago. You were rich. If you’re a millionaire today, you’re not that rich. Like, that’s not a lot of buying power. You know, you can’t say I have $1,000,000. And I’m like, Wow, did you know we should all praise you what you do for your living, you know, like it don’t really matter anymore. But in the old days it did. And so what I’m arguing is that today’s 300 year car is no different than yesterday’s. 20 years ago was like 58 car. It was a luxury then that was unattainable for most. And now it’s a luxury that seems unattainable from us. But if you learn how to bridge that gap, you realize that it doesn’t have to cost more than your regular $50,000 of your car to have something that you’ve always wanted that you thought you’d have to work ten years.
Buck: So what kinds of things do you teach within, you know, the say let’s just take the exotic car tax form. I mean, are there there are proprietary ideas in terms of, you know, how to predict, you know, the the car’s value over time and, you know when to buy that kind of thing. Of course. And how do you how do you get that stuff? I mean, is it just are you modeling it out somehow?
PJ: I’ve been doing it for such a long time. That I like. So here’s the difference between where my data comes from and when a normal person’s data comes from. You see, a normal person may enter this game and say, Hey, I kind of get what he’s doing. I’m going to figure it out on my right. Yeah. And they basically look at today’s exotic cars and they would have to look at the next ten years of exotic cars to mimic my data, to basically be like, what is the baseline today and where we going?
I’m lucky enough that when I started doing this back in the early 2000s, we didn’t have that many exotic cars. So the models didn’t involve hundreds of cars, 50 different variation of every car, 12 different models here. And that in all the year generations in between. So I grew up modeling this with a limited number of cars that was very easy to model and then expanded as new models came on the market.
A lot of people wouldn’t be able to model that today because they would have to deal with so many models and variations over so long to get a grasp on. Like, is this model trending up? Is this model going down? Is this likely? What options are desirable? Which options are historic for the last ten years? Which ones are not?
But all of that knowledge is basically what have documented since the early 2000, because I used to do this for like investors and then I did it for myself as I got richer to my own car collection today. But the main thing that I try to share with people is that all this knowledge and has an actual pattern to it, and these two patterns are called my wealth transfer methodology as well as my bottom cash value methodology to know what the bottom dollar is that something is worth based on what it is. It’s year mileage, etc. and being able to understand that anything above that purchase price is your risk exposure. Anything below that is literally guaranteed cash. So it’s almost like saying if you looked at the wholesale value of the home and you said, if I was going to go to one of these trashy places, it says, We buy your home for any dollar, which would be a low bottom and low lowball number that you would get.
What would that number be? What if you could predict that number for every car in the market? And if you have an algorithm, you can do that. So then it helps you then make a decision on instead of saying, Can I afford a 200k car? You ask yourself, Can I afford a 200k car? But really, can I afford to lose $7,000 this year? And if the answer is yes, then you might say, Well, 7k is not that scary. 200k might be a scary loss, but 7k doesn’t get it right.
Buck: Exactly. The cost of, you know, having some fun to exactly, you know, tell me, I’m curious because you also deal with watches. And I recently started buying some some watches myself. And I again, it’s the same type of thing, right? Like I’m buying some Rolexes that I know are not going to go down in value and that kind of thing. But you have a platform where, again, how similar or different is that conceptually from what you’re doing with cars?
PJ: So the way I look at cars as an asset class is a world preservation asset class, like where basically you’re buying the right cars at first because you’re going to buy them anyways and you lose your ass instead you’re doing it the right way. You’re not losing. Then you get more money and you’re going to. I’m buying cars for collection purposes that are going to increase in value and this is going to create some kind of income in the long term. But this is not a year in, year out flip flipping. We’re not flipping cars, we’re just investing in cars, holding cars and enjoying it while making money. I call it a wealth preservation strategy, not a creation strategy. On the watch side, the volume, the liquidity, the mobility of money in the watch game is significantly more than cars. It has no paperwork trail.
You don’t have titles. You don’t have to change membership names or anything on the on the paperwork as you exchange hands, etc.. So you basically are buying a watch and this watch trades hands over time. It’s secondary value based on the scarcity of supply is significantly more depending on the right watch the wrong watch, significantly more than what it would be brand new.
There’s two ways to play the watch game. Either you play it as an investor, you buy yourself, let’s say $1,000,000 worth of watches or 500 grand or 100 grand or ten grand, whatever you want. And little by little, you build a collection that retains its value. And over time, some of these watches increase in value depending on which ones they aren’t. The increase more or less. But in other cases, if you want to create wealth through watches, there’s also an incredible opportunity to actually buy watches and resell them on the secondary markets in many cases for 2 to 300% of their value within moments after buying them. And it comes down to a carefully curated strategy that I share my academy on not only how to attain these watches without being a professional buyer or spending millions dollars, but also how to select which watches you want to attain so that over time, as you buy them and try to sell them, you’re doing a better job of selecting the right models that are going to bring the right premium. You know, we know that these watches were like 38 grand when they came out. The John Mayer. They told us, yeah, they’re currently trading wholesale for 70 and on retail sites for like 100 to 120. And if you use that example alone, you can either be the guy that buys it at 38 grand, it sells it for 70 grand quick to a wholesaler, make your money like that. And you’re like, I doubled my money in one day. Great. Or B, you can be the guy to say, Hey, retail is like over 100. K I’m just going to hold this watch for a little bit. I’m going to wear it a couple of times, but I’m going to hold it for two or three years and then the market will catch up with the retail and I’ll eventually sell for 100 grand, but I want to collect it.
So now you tripled your money, right? So you know, there’s an opportunity to make quick money. There’s also an opportunity to hold and make long term money, all of which are just a choice of how you spend your money.
Buck: Yeah, it’s absolutely fascinating stuff. Is there is there other things besides cars and watches that you’ve you’ve you’ve used the same kind of methodology on?
PJ: Yeah. So I’m also a financier in art. This is the other part that I found to be very valuable. Now for art it’s very different. I don’t buy art for my house like I buy art for my house. I’ll increase in value, but I’m also not buying art in the pretext of like flipping it or moving it. It’s more of a storage of wealth, just like your buddy was saying about his vintage couch, you know, like something unique that was different that will always have value.
I look at it that way for my home, but on the other side, there’s also a huge opportunities to basically finance artists as they bring collections forward to art galleries and art galleries. One carry the paper basically, and there’s ways to basically get involved in the art space and make anywhere from 10 to 20% every six months. And your money, just by floating these galleries for the dollar investment, they need to basically make purchases of art. I would say that in the space of art, I look at it in the what I call the third axis, which first I look at cars because you’re going to own a car anyways. Secondly, a leisure is watches because it’s an income creator and also dispose your extra income that you’re not going to like in case of a total failure of a financial crisis. Your watch is going to go first, your car next to your house last. But like that’s just there. Like you’re not going to dump your house first, live in your car and like be like I’m I’m attached as watch forever. Like, fuck the watch. You know, the car comes later and then eventually you’re like, okay, the house has to go if it has to go, but otherwise we’re going to save that. And historically, that’s because of how you believe that, you know, each asset is going to hold stronger. If you’re going to hold your better basket and say, hey, this basket can collapse, but also because you need a place to live, right? And that no matter what, you need a place to stay and you don’t have to drive far.
You want to drive free. You don’t has to wear Rolex. You want a Rolex, so you want to go before your needs. But the way I look at art is it would be the first thing to go. So the way I look at those type of things is these ultra luxuries I wouldn’t recommend getting into until you have a substantial amount of disposable cash and have already made your investments, your alternative asset investments, you already have your cash flow in checks and then go, Hey, you know what, I’m going to buy art for my house anyway.
So instead of buying trash from the local gallery that has stuff that’s overpriced, like 80%, I’m just going to go and find artists that perhaps are going to bring a higher premium. And I’m going to work with real art dealers, then sell art that has a real long term value. Not just it’s cool. It looks nice on my wall.
Buck: Are there any you know, we when this show we talk particularly because we’re in real estate about tax implications. Can you talk a little bit about that when it comes to capital gains on, you know, watches art? I mean, a collectibles are the the are profits are taxed at a pretty high rate, aren’t they?
PJ: Of course, I mean, in a in a typical way, if you’re a normal person, that just is going to collect things. Yes. But I always encourage and break down for people in my courses, specifically how to set up an LLC or a corporation so that you’re in that business. So it’s taxed as business income rather than collectible income.
Now I will also state that I think one good thing to understand is that there are tax advantages, even in the car side, for example, that people aren’t aware of. As an example, we all know that section 179 is just one way to ride off a truck or something that is of higher weight of over £6,000. If it has a gross weight of £6,000, it can be written off and you can get the full depreciation on a year one.
Now, one of the things people may not know is that Bentleys and Rolls-Royces, even though they are not trucks per say, way over £6,000. And the IRS does not discriminate against the fact that it is not a work truck because their guideline is that it’s £6,000 and it meets the criteria. And if something is £6,000 and meets the criteria, then it can be written off the same way. So I would argue that having a $400,000 write off on a Rolls-Royce is not only a more exciting write off than a work truck or having 12 trucks in your home for no reason, but also something that you wanted to do anyways. So now your go to work car is a Rolls-Royce two door or convertible or whatever you want it to be, but it’s over £6,000 and qualifies for the same type of depreciation that your section 179 with the council.
Buck: Yeah. And I actually did that with my g-wagon at the end of last year, although. Exactly. You know, I’m curious though, like one of the things I found, you know, where were we at in the economy right now? And how does it affect, you know, the playing field that you’re on? When I bought my G-Wagon, it’s I, I couldn’t get a new one. There was nothing available. And I bought one that was about 18 months old. And I paid probably I paid $50,000 over sticker for this, right? Like what’s the current environment? I mean, it seems to be favorable for sellers at this point. Or do you feel like, you know what, it’s you know, you’ve seen this before and there’s a way to continue to profit or at least not lose money right now.
PJ: So so the idea of a recession in coming and how does it affect luxury assets? So first off, the recession we’re going into is going to be very different from the one we’ve seen in 2008. That’s something very big to differentiate. So the two completely different games, right. Secondly, I think there’s one very big piece of the pie here to understand is that in 2020, when we went into a mini recession right before COVID, when states were closing down, I told everybody, buy real estate, buy cars, buy watches.
Everybody said, are you out of your mind? Even my dealer buddies who have been in business ten plus years looked at me and said, You’re crazy. You’ve got to be out of your mind like everything is going to be on this. Come the next three months, we’re going to buy stuff. They’re cheap and I said, buy it right before they closed down. So I took a crazy, like multimillion dollar bet in a bunch of assets. They said I was out of my mind. They were going to buy those for me. Really cheap country reopened six months later. I basically sold the same assets to the same guys for 50 to 70% higher than what I basically had paid for them.
So joke’s on them, right. But what happened in that time? Something really interesting happened. Manufacturers like like car dealers and watch manufacturers. The guys that build this stuff, not the guys that sell it at the local dealership, but the guys in manufacturing. Yeah, they came up with this idea that they were going to change their business model entirely in America because there was one thing that was causing depreciation heavily in America for cars, and that was that this was the only country in the world where cars would sit on lots because dealers would like ordered them because Americans didn’t like waiting for cars. So they would walk in the dealership and be like, What g-wagon do you have there? I have three to choose from. Which color do you want? Okay. I wanted a black one. Well, maybe I don’t have one in this store. I’ll sign one for you. We have one in a store. Like they ordered cars and they sat here. No. Where else in. In the world did manufacturers allow this? Everything was made to order. You wanted a G-wagon order it. Wait six months, it’ll come and we’ll sell it to you at SRP and you’ll enjoy this model shift. Because supply was going to get strained. They blamed COVID to switch their entire business model numerically, and they realized two things.
By doing that, they maximize their profit, not the dealership. And they realized that they literally cut their cost because they didn’t have to furnish these dealers with a ton of crap to sit on their lots that would get discounted later when the dealer lost this power to discount product at a heavy dollar, it stabilized the depreciation schedule of other cars when it made used cars more valuable because people said, Well, I don’t want to wait six months to pay a premium 50k over sticker.
You can have it right now. You don’t have to wait six months in order to win. So someone said, Well, great, so but something interesting happened. Then I called it too, because in 21 people told me, should I buy G-Wagon, should I buy Lamborghini or should I buy some of these cars? Because they’re asking me 100 over, 200 over I don’t know if I should do it.
Is it going to stay this way? What’s going to happen? And I said some of these cars are going to collapse hard. And this is based on the very simple principle that when supply continues to come, you have a 19 g-wagon, you have the same 20, 21, 22 and 23. Now you have five years of g-wagon that are going to pile up in the U.S market. Pricing has to come down. You have a limited edition McLaren is is running only let’s say 500 units over two years and you’re asking me if you should pay 200k for that. I would argue once those 500 cars are gone there’s no more cars coming. So these cars are valuable until five years later when the next McLaren model is announced.
So you have a five year gap where 200 over may not be a bad deal. You know, it might actually be okay, the next guy will pay me 200 K over. So it doesn’t matter if the price is 500 to 700 or a million. As long as you get the million back. Right. It doesn’t make a difference. So so the argument was not all cars are made equal. And over the last two years, people believe they basically figured out my methodology because anything they would buy would be worth more money. Then they were like, Well, I just figure it out and buy anything. I’ll just go up. But now when things started coming down a little bit because liquidity left the market based on what happened over the last six months in the stock market, in the crypto markets and all that, people started realizing like, wait, my is worth like 70k less. I’m like, Yeah, like I told you not to buy that car, but you thought, well, because everything’s going up and it’s going to keep buying up, you know? And I always say that they’re real players of a game are defined when the times come down the limited time for us because we saw this in oh six right everybody was are mortgage experts strippers were selling loans. And they were like, I’m out like I’m this is my new job and I’m a loan originator and I’m like, in three months, you’re going to basically be out of business. Like once everything collapses. Realtors who were nurses the day before are not realtors. They’re just nurses. They’re shifts they nursing. But they just chose to do this because they thought they could make money.
Buck: This this stuff is actually you know, this is really fascinating stuff. And I want to make sure we and I’m personally signed up for the the exotic cars but I’m thinking about signing up for your watches one to tell us how tell everyone how they can get involved. They want to check out some of your stuff and the different things they can check out just as a reminder.
PJ: So I have all my I teach a lot of things. My main teaching comes around my three books on human consciousness, and I have my platforms like exotic car hacks and also my classes on like Watch Trading Academy. You can learn on all of that just by going from to learn from. PJ Econ. It’s a really simple site where I have everything laid out for you and you can pick your poison that you want to learn how to basically get true cars or that you want to make money with watches, or that you want to establish better business skills doesn’t make a difference. All of them are available right on that page.
Buck: Cool, man. Well, thank you so much for joining us and well from your podcast today.
PJ: I appreciate you having me on and best of luck to everybody.
Buck: We’ll be right back.