All Things Invention; Season Three Recap
June 20, 2018
David_Meltzer-e1461465676169-400x400
Celebrity Investor and Entrepreneur David Meltzer Discusses His No Fear Business Philosophy
September 4, 2018


Follow the Link to Learn How to Join The Contest! http://oneminuteeconomics.com

I launch online businesses, invest in exotic assets such as domain names and am also an economist. As of 2017, I've started offering consulting services as well. A few of my projects:

1) I've been running DomainingTips.com, one of the most respected domaining blogs out there, since 2009
2) I teach people economics through one minute animations over at YouTube.com/OneMinuteEconomics
3) I've written Wealth Management 2.0, the only book out there that teaches those who make money online how to invest that money wisely. It became an Amazon best seller just ~24 hours after the official launch
... and many more, including various development businesses, an escrow service, an auction platform and a domain brokerage service.
Watch the podcast here!
 

Podcast Notes

1YouTube generated podcast notes, please excuse any typos.
podcasting from sunny Clearwater Florida
0:03
home to one of the most beautiful
0:05
beaches in the world this is the
0:07
inventors launch pad show a weekly
0:09
podcast about everything invention we
0:12
will cover the complete sequence of
0:14
taking that invention idea from drawing
0:16
two store shelves and now here's your
0:18
host innovator author and invention
0:21
expert carmine Dennis Coe hi everyone
0:24
and welcome to the ILP Network I am
0:28
coming to disco your host for today's
0:30
show of the inventors launch pad and
0:32
with me I have a gentleman who is an
0:35
expert in several different industries
0:38
one of the things I like about what he
0:40
does he really gets down and dirty and
0:42
talks about the basics about the economy
0:45
economics
0:46
he hasn't books coming out he's got a
0:48
lot of YouTube stuff that's going on he
0:50
really likes teaching people ways in
0:52
which they can better themselves his
0:55
name is Andre Pulgar and I have him on
0:57
the line hey Andre over there yeah
1:00
thanks a lot for having me and thank you
1:01
guys for tuning in
1:02
oh no great thank you for coming on I
1:04
know that you probably do a lot of your
1:08
collabs or podcasts late in the evening
1:12
because I know you're out of the
1:13
Transylvania area is that correct yeah
1:17
actually that is correct and the I am
1:19
kind of doing my best to reach out to as
1:20
many people as possible so I once had
1:23
one at 5:00 a.m. and he was like oh
1:25
thanks for being here I know it's so
1:26
early over there and I was like don't
1:28
worry it's my second one I had one at
1:30
3:30 a.m. so
1:33
yeah there's no rest for you I mean
1:35
you're really out there pushing the word
1:38
talking about so many different things I
1:40
mean before before we even jumped on
1:42
earlier today I was on your YouTube
1:44
channel and you have a lot of different
1:46
things I mean we're talking about things
1:48
from you talk about Bitcoin and brexit
1:51
and even the economics of world war 2 I
1:53
mean you really cover such a huge span
1:56
is this something that you always like
1:59
to talk about is it something that
2:00
you're passionate yeah I mean obviously
2:01
you're passionate about it but it's a
2:03
it's a different type of learning or a
2:07
different type of hobby I should say
2:09
then most people would have
2:13
I was fortunate enough to kind of embark
2:15
on this hobby because you are right from
2:18
a position of financial comfort like I
2:20
had businesses that were doing well
2:21
things were kind of going okay after you
2:23
know the dust had settled in my life so
2:26
yeah I was able to say look especially
2:28
after my experience at the academic
2:31
level I was like okay the bar is not
2:33
very high so why don't I try just
2:36
creating a few youtube videos about the
2:38
basics about your inflation your
2:40
deflation your supply and demand and I
2:43
did I said to myself hey why don't I
2:46
start this channel one minute economics
2:47
seems catchy enough and I started making
2:50
some animations but eventually I
2:52
realized that actual people were
2:54
watching them and not only that but more
2:56
and more actual people were watching
2:58
them which led to them saying hey I
3:01
would love to hear you talk about this
3:03
or I would love if you could explore
3:05
that and I did and the more I moved on
3:08
to more complicated things like
3:09
explaining to people how the banking
3:11
system works fractional reserve banking
3:13
or talking about the famous or infamous
3:16
derivatives that many talk about when
3:18
referring to the financial crisis of
3:19
book 708 I kind of realized that I'm
3:22
pretty good at making complicated stuff
3:25
easy to understand and so much in fact
3:28
that it's just amazing how much time I
3:31
am dedicating to this passion nowadays
3:33
like you do have to be passionate about
3:35
it like for someone for like myself to
3:37
still have this energy to still have
3:39
this drive to still be excited about
3:41
economics after you know putting in long
3:43
hours the entire months recording stuff
3:46
and whatnot the number one thing I tell
3:48
people when they talk to me about having
3:52
a career on YouTube or as a writer my
3:54
pro tip for them is if you're in the for
3:57
the money my pro tip is don't because
3:59
there are better ways to skin the cat as
4:01
someone who has been involved in tons of
4:02
industries but if you're passionate
4:05
about it a lot of stuff follows like you
4:07
get to know people those people start
4:09
projects you start to be involved in
4:11
those projects and it's just this
4:13
amazing virtual circle that kind of led
4:15
to one of my economics being what it is
4:18
today and before you know it I was on
4:21
MSN featured when my video about the
4:23
great about the Great Depression was
4:26
featured there
4:27
I found myself on television in Croatia
4:29
in Holland I found myself on television
4:31
in Kenya like it's just ridiculous how
4:33
does how does stuff works and it but but
4:36
primarily this is what I think needs to
4:39
be said it does come from a place of
4:41
passion like if your heart isn't into it
4:43
then someone's gonna beat you at this
4:45
game who actually is passionate about
4:47
what he does yeah I think that when you
4:51
make it interesting the way that you
4:52
have and again from your YouTube what by
4:54
the way any of you listeners one minute
4:56
economics is the YouTube channel the way
5:01
that you make it interesting what people
5:02
don't realize is the word economics
5:04
people might shy away from that but what
5:06
they don't realize is that it's in
5:08
everything oh yeah everything economics
5:12
right so when people start hearing about
5:13
how you explain it they start going wait
5:15
a minute this does have to do with me
5:18
exactly
5:19
the number haps the number one thing I
5:21
tell to the average person is there's no
5:23
running away from economics even if you
5:25
stick your head in the ground which by
5:27
the way ostriches don't but we do even
5:30
if you do that you're still making an
5:35
economic decision you're making the
5:36
economic decision of not making the
5:38
decision and that is going to have
5:40
consequences and that those consequences
5:42
are going to affect your life your
5:43
family because behind everything that
5:46
has to do with economics there are real
5:47
people or are realized and this is kind
5:50
of my main driving force you know I want
5:52
people to know their basic economics and
5:55
I've gotten pretty good at giving them
5:57
this knowledge and the proper dose
5:59
because of course it's not my intention
6:00
to get them dependent on my channel I
6:03
know I mean like sure binge watch stuff
6:04
on Netflix spend time with your family
6:07
do stuff at your job fine but every once
6:10
in a while give me one minute of your
6:12
time and I'm gonna teach you everything
6:13
I know
6:14
that's kind of been my value proposition
6:15
with the channel yeah and that's what I
6:17
love about you're just saying hey I'm
6:19
giving you this information keep
6:20
yourself informed let you better your
6:22
better your life better your situation
6:24
listen don't listen but it's here have
6:27
any information available is what is
6:29
what you're doing you're allowing people
6:30
to learn I'm allowing people to learn
6:34
and it's something that's going to yield
6:36
dividends forever
6:37
because if you have your basic economics
6:39
down straight if you know that I'm okay
6:44
if someone tries to mislead you by
6:45
telling you something about the
6:46
unemployment rate on CNBC or whatever
6:49
you're gonna say wait a second what
6:50
about the labor force participation rate
6:52
where if someone says you know refers to
6:54
the GDP as being government revenue
6:56
you're gonna be quick to call him out on
6:58
that and okay wait a second those are
6:59
two different things so the more you
7:01
know the more you know the harder you
7:03
are to manipulate the better your
7:04
financial decisions are gonna be and it
7:06
is just crazy how kind of watching this
7:09
one minute video and internalizing the
7:12
things you're being taught these
7:14
dividends forever there's no expiration
7:16
date on most of my animations I do
7:18
somehow some related to current events
7:19
but for the most part there is no
7:21
expiration date Wow do you run into our
7:24
listening base we talked a little bit
7:27
about this before we jumped on our
7:28
listening bases a lot of entrepreneurs
7:30
are newer business owners or their
7:32
inventors and do you find that a lot of
7:36
them don't like talking about economics
7:38
or the money side of their business or
7:40
maybe they're just not used to doing it
7:42
or they're not prepared and the more
7:44
they know obviously can help them do you
7:46
do you find that a lot of them just
7:47
don't have the information that they
7:49
need this is perhaps my main driving
7:53
force when it comes to what I do because
7:55
I started out in Romania pretty much
7:57
being forced to become an entrepreneur I
7:59
had my businesses ever since I was in
8:01
high school they were doing well I set
8:03
money aside but coincidentally by the
8:05
time the Great Recession started oh
8:07
seven oh eight my mom got sick I took
8:11
her to a different country which would
8:13
have been a much better medical system
8:15
to get proper treatment my net worth
8:18
ended up evaporating as a result of
8:20
those costs that were involved on top of
8:22
that you had the Great Recession that
8:24
caused her you know just havoc in the
8:26
business sector and has an entrepreneur
8:29
myself who was forced to start from
8:32
scratch after the Great Recession it's
8:35
just so hard for me to explain how
8:37
driven I am to make sure that people you
8:40
know there is of course this is n like
8:43
mentality that the things that happen
8:45
that are bad make you stronger and you
8:47
should be grateful from them but but you
8:49
know that's not okay so
8:50
let me just try to write books and do
8:52
stuff so that with the intention of
8:54
helping maybe as many people as possible
8:56
have a better life than the one I had so
8:58
that's something right there and and
9:00
you're right you know it's important for
9:02
entrepreneurs to get these things to
9:03
understand that
9:05
of course they have their ecosystem they
9:07
have their product they think they have
9:08
it all figured out especially if they're
9:10
beginners and they have this amazing
9:12
plan that looks good on paper only yeah
9:14
they're gonna find out those apps but
9:16
it's it is important to understand that
9:19
we do live in a deeply interconnected
9:21
world and something that you didn't pay
9:23
attention to because I'm busy on my
9:26
startup I have to work on this I'm busy
9:28
innovating I'm busy working on that
9:29
feature I don't care about you know I
9:32
don't have five minutes per day to spend
9:34
reading the news or I don't have ten
9:37
minutes per week to read up on economic
9:39
history and know how to interpret the
9:41
news I'm seeing each day I don't have
9:43
that time but a problem is that when
9:46
things go wrong there's no there's not
9:48
gonna be anyone who knocks on your door
9:49
with the intention of synchronizing
9:51
schedules like yeah I'm thinking about
9:52
crashing the economy is it okay if I do
9:54
it now or should I return six months
9:56
from now when it's more that's not gonna
9:58
happen it's not gonna happen and
10:00
entrepreneurs do need to have kind of
10:02
the wisdom it takes to understand that
10:05
of course of course you're the main
10:06
driving force between behind what you do
10:08
and all that that's perfectly true but
10:10
you are also at the mercy of external
10:13
events so it does make sense to spend a
10:16
small fraction of your time thinking
10:18
about those things as well ya know
10:20
that's it's awesome maybe you're exactly
10:22
right here your insight and again just
10:25
from watching several your videos it
10:26
seems like your insight comes from not
10:29
only your knowledge and your experience
10:30
but cyclical events in in history do you
10:35
feel that that a lot of things in
10:37
history especially on the economic side
10:38
they repeat themselves and we can be
10:40
more prepared for those well in my book
10:45
I went through anomalies of the past
10:47
starting with the tulip mania the first
10:50
recorded acid bubble at peaked in 1636
10:53
to 1637 and I moved on the popular ones
10:56
like the dot-com bubble recent one is
10:58
the rate recession even ones nobody
11:00
heard of like the short domain mania of
11:02
2015 to 2016 and I'm pretty sure I'm the
11:04
only
11:04
we must study that one like I do all of
11:07
these things not necessarily stress to
11:10
tell people hey you need to learn
11:11
economic history because it's gonna
11:13
repeat itself no you need to learn
11:15
economic history because it rhymes
11:17
because having your your basis covered
11:20
when it comes to it by doing it you're
11:23
basically getting the glimpse into who
11:24
we are
11:24
you're getting a glimpse into human
11:26
nature and the more events you analyze
11:29
which is something I try to do in my
11:30
book the more you realize that wait a
11:32
second we can draw parallels we can find
11:36
common denominators oh look this is why
11:39
we sometimes get overly euphoric oh this
11:41
is why we so easily go from that the
11:44
full-on panic mode and it's this better
11:49
understanding of economic history
11:51
coupled with your willingness to at
11:53
least spend a little bit of time each
11:55
day keeping up on current events that
11:57
are gonna help you position yourself in
12:00
a way that maximizes the likelihood that
12:02
you'll spot the next financial crisis we
12:05
hope as early on as possible because not
12:07
only will you see okay this is what's
12:09
happening today you're also going to
12:11
have a proper frame of reference you're
12:13
gonna say wait a second something
12:15
similar happened back then and this is
12:17
what it led to
12:18
oh wait something similar happened on
12:20
another occasion and that here's what
12:21
happened Thanks
12:22
and yeah it's very hard to put a price
12:26
tag on that and once again once you
12:27
internalize these things they're up here
12:30
forever
12:32
exactly and I think that it's so
12:35
important I think it's more like we all
12:37
need and we owe it to ourselves in the
12:40
communities to prepare because we can
12:42
diminish that type of panic if we're
12:45
more informed knowledge gives you
12:50
clarity and clarity enables you like
12:53
Bart Warren Buffett says to be fearful
12:55
when others are really angry when others
12:56
are fearful or essentially you want
12:59
everyone's euphoric and thinking we're
13:01
gonna get rich off the stock market and
13:03
it's never gonna go down I hate real
13:05
estate never goes down don't worry about
13:06
it when that happens you're gonna be
13:09
wise enough to say wait a second maybe
13:11
it's time to take some profits off the
13:13
table and the same way when everyone's
13:15
panic selling their portfolios at
13:17
because
13:18
the sky is falling if you have that
13:20
clarity that comes from of solid
13:22
foundation of knowledge you're gonna say
13:23
wait a second I actually like this stock
13:25
oh this is actually a good company and I
13:27
think it's at a fire sale right now
13:29
maybe it's time to buy and again it's
13:34
knowledge that enables you to have the
13:36
clarity that enables you to remain lucid
13:40
when everyone gets irrational and
13:42
they're just kind of a ton of value in
13:44
that
13:44
yeah and as you know as you're speaking
13:47
I can I can see people that even during
13:50
the crashes even during the issues and
13:52
the problems there are always those
13:53
people who are prepared and can think
13:55
rationally that actually and you don't
13:57
want to say profit but they actually not
13:59
only get through but they gain because
14:02
they were prepared it's hard for me to
14:08
describe in words how important this is
14:11
like again I'm a hands-on economist I
14:13
for example not only do I study
14:15
cryptocurrencies I trade
14:16
cryptocurrencies and one of my best
14:18
trades in a long long time has been
14:20
precisely this I got I bought because
14:24
everyone and their dog was pessimistic
14:25
because you started having tutorials on
14:28
how to short sell Bitcoin on CNBC and
14:30
it's precisely your ability to remain
14:33
rational and in such moments and say
14:34
wait a second maybe there's an
14:37
asymmetrical opportunity to be had here
14:39
and you're right in certain situations
14:41
you can indeed take advantage of it in
14:43
other situations it's what makes the
14:45
difference between you know essentially
14:48
positioning yourself in a way that saves
14:49
your family and not doing it because
14:51
again behind all of those numbers and
14:53
headlines on news networks and whatnot
14:56
there are actual people even after the
14:58
previous crash I know what happened to
15:00
my family I know what happened to other
15:03
people there's no running away from that
15:06
and I do tell people of course a lot of
15:08
people make the mistake you know of
15:09
course is assuming that hey I'm well
15:10
prepared it's all gonna be amazing
15:13
everyone else is gonna you is gonna
15:15
suffer but I'm gonna be just great
15:16
you're not gonna be just great because
15:18
your friends are gonna suffer because
15:19
your family members are gonna lose money
15:21
because you're gonna see people get
15:22
depressed of course you're not gonna be
15:23
great but at least you will land on your
15:26
feet and that that especially in light
15:31
of
15:32
the seriousness of some of the things I
15:34
see coming in and of itself it's pretty
15:35
pretty darn awesome yeah again and those
15:39
people that do land on their feet the
15:40
the people who are prepared they're the
15:42
ones that do end up helping and
15:44
rebuilding and that's those are the
15:46
people we need we need people to be
15:47
prepared we need people like yourself
15:49
who are out there who are out there
15:50
teaching and giving information and of
15:53
course offering up writings and things
15:56
in that sense let's let's jump in and
15:57
talk a little bit about your book which
15:59
I know you're pretty passionate about
16:02
oh yeah like again I'm passionate about
16:05
is it because I've been through these
16:08
things firsthand like for example when
16:11
you're when this show is gonna go live
16:15
the book is gonna be discounted to just
16:18
99 cents
16:19
why for a 400-foot for 99 cents for that
16:22
it is in no way a mistake it's a 400
16:26
plus page book that if you choose so can
16:28
easily be used to workout your biceps
16:30
and it's available for $0.99 and I do it
16:34
primarily to explain to people that
16:37
there's no money in spending this time
16:39
writing a book and selling it for 99
16:41
cents the same way I have a contest on
16:44
my youtube channel this week I got
16:45
sponsors on board if people spread the
16:47
word on Facebook on YouTube or whatever
16:49
I reward them the first prize is one
16:51
Bitcoin it's a huge prize and I have
16:53
Amazon giftcards domain plus hosting
16:55
package is just a ton of prizes and
16:57
again compared to some of the art like
17:01
if I just think about that Bitcoin
17:02
creator that I've mentioned earlier and
17:04
how much profit that generated I would
17:08
have to sell a lot of books let me just
17:10
and and that's kind of that's kind of
17:12
what I'm trying to do in life I'm trying
17:14
to find the the right balance pretty
17:17
much between things that put food on the
17:19
table because of course I have a family
17:22
to feed I have commitments it's very
17:23
important for me that my friend family
17:25
is financially secure so I have all of
17:27
these projects that are pretty good at
17:29
putting food on the table
17:31
but then I have you know the bigger
17:33
picture stuff things that are greater
17:35
than myself things that you know have to
17:37
do it the legacy I'm trying to work on
17:40
essentially I'm doing all this crazy
17:43
stuff whether it's recording a hundred
17:45
collaborations even if it means having 7
17:48
scheduled per day even if it means
17:50
selling a 400 page book for a book even
17:53
if it means enticing people to spread
17:56
the word about the book I'm selling for
17:58
a buck for 400 pages I'm willing to do
18:00
all sorts of crazy stuff because I'm a
18:03
hands-on guy and if there's one thing
18:05
and I've learned in life is that even
18:07
when you're selling ideas you're still
18:09
selling you still have to get people to
18:12
find out you exist you still have to
18:14
kind of disrupt the make an impact that
18:16
generate buzz around everything you're
18:17
doing and it is it keeps me going i I
18:22
mean it's just amazing how this
18:25
commitment I have to spreading the word
18:26
about my books about the book about the
18:29
things I'm teaching there this pretty
18:32
much perpetuum mobile' infinitely energy
18:35
source for myself like I cannot get
18:38
tired talking about this book I cannot
18:40
get bored working on it and essentially
18:44
I do think this is because the stakes
18:46
are high on the one hand you know there
18:48
is of course the altruistic dimension of
18:51
wanting to help people on the other hand
18:52
there's the selfish dimension of not
18:55
wanting to feel guilty because I had
18:56
concerns but chose not to voice them
18:59
because it wasn't a comfortable thing to
19:00
do
19:01
so these weird set of circumstances
19:04
pretty much brought us to where we are
19:05
today well it's it's funny I could tell
19:09
that once you start talking about the
19:11
book and even why we were talking before
19:13
we started taping I can tell you're
19:14
passing as soon as you start talking
19:15
about your eyes get open you're like
19:17
you're ready to go and for our listeners
19:20
I mean Andre has several collaborations
19:23
or podcasts that he has booked right
19:26
after this one I mean he's really
19:28
getting the word out to everyone now
19:30
Andre is this something that first of
19:32
all as you were talking and you told the
19:33
praise I'm I was writing down some names
19:35
of people I want to send this book to I
19:37
mean hurt again for a dollar what better
19:40
price and better gift to be able to send
19:42
that to somebody or a friend and not
19:44
always gonna help you but it'd be cool
19:46
to send that book to him hey take a look
19:48
at this I mean for 99 cents exactly this
19:52
is the
19:52
perfect balance between getting and
19:55
giving everyone a free chance because
19:57
it's a buck but equally important to me
20:00
making sure that my readers have a stake
20:02
it's a symbolic thing you give me that
20:04
dollar you have a stake in this book
20:06
even if you paid one dollar for it you
20:08
paid for it so here's what I have to say
20:11
here's what I think you should learn
20:13
here is kind of like I know that
20:14
disparate that the age of anomaly is
20:16
probably going to be the only book about
20:18
financial preparedness that most readers
20:21
will ever get their hands on they won't
20:22
buy another one it's gonna be the only
20:24
one so I had better make it work I had
20:26
better kind of you know that's why I
20:28
ended up making editors crazy and
20:31
writing 400 plus pages because I did
20:33
want to create you know this
20:35
comprehensive from A to Z type guide but
20:38
at the same time I worked just as hard
20:39
like through each paragraph my goal has
20:43
to be convincing people to continue
20:45
reading the book because if I lose my
20:46
audience it's all in vain and never
20:50
before actually have I work this hard
20:52
and have I derived so much pleasure and
20:55
kind of a deep feeling of I don't know
20:59
knowing that you're on the right track
21:01
like when right like when writing this
21:04
book so essentially if people are
21:07
wondering you know what the method to my
21:09
madness is and what kind of the driving
21:11
force for all of this is it is the idea
21:13
that's working on something bigger than
21:15
yourself yeah well I mean to have a book
21:19
like this and to have up to four hundred
21:21
pages you obviously are very well and
21:24
indo just from us in your videos it's
21:26
very well how you describe things
21:28
because from the beginning of the book
21:29
through it
21:30
you must really you know start from the
21:32
beginning you work through things
21:34
you're not just rowing information at
21:36
people it sounds like you know again
21:38
from your videos obviously I haven't
21:40
read the book yet because it's just
21:41
coming out but the way that you describe
21:44
things you do make them uncomplicated so
21:47
I think the book has to be a larger book
21:49
right exactly it's a maybe what sets me
21:54
apart from most other economists is that
21:56
I place little value in trying to sound
21:57
smart and I place a ton of value in
21:59
putting out there stuff that works so
22:02
right from the beginning
22:03
I'm gonna tell people hey we're gonna
22:05
start with this here's why we're
22:07
starting with this here it is and here's
22:10
what you should learn from it next we'll
22:11
move on to this here's why we're doing
22:13
that here's what you should be learning
22:14
from and it's discontinuous like what a
22:17
reading the book I do like to believe
22:19
that and I did get some initial feedback
22:20
about it in this respect as well that
22:22
it's gonna feel like you have a close
22:25
friend who's talking to you who just so
22:27
happens to be good at economics or money
22:29
stuff there's no you know I try to get
22:32
you know this humility across this
22:34
friendliness in delivering the message
22:36
because once again that's why so many
22:39
economists lose people that's why so
22:42
many you so few people buy economics
22:44
books in the one hand and out of those
22:46
who buy it stopped so if you finish them
22:47
because it doesn't work and if it
22:50
doesn't work it's all in vain so that in
22:53
and of itself is reason enough to want
22:55
to do things differently yeah I remember
22:57
you know when I went to school I dreaded
23:00
even buying the economics book let alone
23:01
old class you know because it was it was
23:04
just like he said I mean they were just
23:05
so though and Dro and you know the just
23:10
getting things spit out to us and read
23:12
this and read that and you really didn't
23:14
put it all together and how it fit into
23:16
my world into everyone's day-to-day
23:19
world and and again that's what I love
23:21
how you do and what you do exactly like
23:24
let's not even talk about let's not even
23:26
dare talk about statistics about the
23:29
standard deviation I have a video on the
23:31
standard deviation some people are like
23:32
come on you cannot talk about this and
23:34
then they watch the video and then they
23:36
see the examples I give and they're like
23:38
oh this is the standard deviation now
23:40
okay and now it makes sense and if you
23:42
understand what the standard deviation
23:44
is if you become better at statistics
23:46
then once again you're harder to
23:47
manipulate when people throw studies at
23:49
you you're actually gonna at least
23:52
glimpse through them and say wait a
23:54
second this doesn't make sense that
23:55
doesn't make sense
23:56
hey why is this here Shh once the time
24:01:00
and time again these things help you
24:04:00
become harder to manipulate yeah now I
24:07:00
agree and the good part about it is is
24:10:00
that you are there I mean you leave your
24:12:00
email address your phone number you're
24:14:00
telling people if you have
24:15:00
she contact me I mean that's what's so
24:18:00
great about this you never see that that
24:20:00
kind of connection that kind of
24:21:00
information offerings when somebody is
24:24:00
just trying to sell a book because
24:26:00
that's not what you're doing
24:27:00
you cannot afford if you're serious
24:29:00
about doing a good job of planting seeds
24:33:00
in people's minds because that's
24:35:00
essentially what I'm here to do it's
24:36:00
it's one of the hardest wars to win the
24:39:00
war for people's minds the war for
24:41:00
people's attention in the world so full
24:42:00
of noise and yeah you have to be out
24:45:00
there you have you cannot afford to be
24:47:00
disconnected from reality disconnected
24:50:00
from the realities of the people who are
24:52:00
watching you wait a second we have these
24:54:00
problems ok so why don't I make videos
24:56:00
about how economics can address those
24:59:00
problems how economics is maybe a part
25:01:00
of those problems and in the end it all
25:03:00
leads to a coherent strategy a strategy
25:07:00
that works because if you're not present
25:10:00
at the ground level if you just stand
25:13:00
there in your ivory tower and think
25:15:00
you're so much better and you have it
25:16:00
all figured out and people should kind
25:18:00
of like you know in The Godfather way
25:21:00
kiss your ring and bow to your infinite
25:23:00
knowledge it's time time and time again
25:25:00
it has been proven that this approach
25:27:00
doesn't work yeah why do you think it is
25:31:00
I'm trying to word this correctly why do
25:33:00
you think it is so hard for poor people
25:36:00
or even entrepreneurs to discuss money
25:38:00
it just seems like it's one of those
25:40:00
words that were one of those subjects
25:42:00
that people are always worried about
25:44:00
discussing is it because maybe they're
25:46:00
not knowledgeable or they they're a fear
25:49:00
they're doing something wrong or it just
25:51:00
seems to me it's like a taboo type
25:53:00
conversation whenever it comes to money
25:57:00
there's just so much misinformation out
25:59:00
there that it's not even funny and yes
26:02:00
this leads to the average person being
26:05:00
completely confused completely confused
26:07:00
because I I noticed these things among
26:10:00
economists as a world there are always
26:12:00
fly-by-night gurus who think they have
26:14:00
the perfect system or the perfect
26:16:00
solution you know yeah is the same
26:18:00
principle you know kind of like when
26:19:00
losing weight nobody wants to buy a book
26:21:00
about how you can gradually lose weight
26:23:00
and embrace a healthy lifestyle they
26:24:00
want to buy a book about how you can
26:26:00
lose weight by
26:26:00
month and have a perfect each body the
26:28:00
same way of course people want to get
26:30:00
rich but I don't think anyone would buy
26:32:00
a book written by myself about maybe how
26:34:00
to get wealthy after many years of hard
26:36:00
work I think it's much more tempting to
26:38:00
buy a book like you never worry about
26:39:00
antigen just you don't even have to do
26:41:00
anything just buy this book and you're
26:42:00
gonna get like and if you buy two books
26:46:00
you're gonna get two times richer and
26:50:00
that's kind of the problem with money so
26:54:00
many people have opinions when it comes
26:56:00
to money so few of those up opinions are
26:58:00
well articulated so few of those
27:01:00
opinions are grounded in reality and
27:03:00
studies and research so many of the okay
27:06:00
those opinions are actually only there
27:07:00
to manipulate but in the end it's all
27:10:00
just this weird weird combination and in
27:13:00
people's brains and like you said that
27:15:00
makes them feel kind of weird when
27:17:00
discussing money because it's kind of
27:20:00
money is always for many people the
27:22:00
thing they understand but not really
27:23:00
like okay yeah sure money this money bad
27:26:00
but there are just so many conflicting
27:27:00
things in their brains that have to do
27:30:00
with money that in the end just talking
27:33:00
about it makes them uncomfortable hmm
27:34:00
that makes a lot of sense and I agree I
27:37:00
mean I love talking about it when I make
27:38:00
a mistake or a misstep I love asking
27:41:00
people haints should I done this how did
27:42:00
this work how did you do it and I don't
27:45:00
mind talking about it I and I don't mind
27:48:00
saying that I don't know everything
27:50:00
about it I would love to learn more
27:51:00
about it and sometimes like you said I
27:53:00
make up excuses not to learn something
27:56:00
because I'm uncomfortable about it but
27:57:00
it is so important especially and I just
28:00:00
want all of our listeners to know the
28:02:00
reason that that Andre came on and I
28:05:00
thought it was gonna be great because a
28:06:00
lot of us a lot of our listeners are
28:08:00
inventors and they're going to be
28:09:00
business owners sometime they're gonna
28:10:00
have to manage money it's very important
28:12:00
to be able to do that with on top of
28:15:00
everything else if you're an inventor
28:17:00
and some of them are entrepreneurs and
28:19:00
if they can learn one thing that will
28:21:00
help them you know keep their business
28:23:00
going I mean as an entrepreneur our
28:25:00
biggest goal is to stay in business that
28:27:00
next day and that next day and the
28:29:00
economics of it you know even though
28:31:00
that word isn't a word that we use it's
28:33:00
just so important to learn as much as
28:35:00
possible
28:38:00
it is and fortunately you can achieve so
28:41:00
much by doing so little like it's an
28:44:00
asymmetrical type opportunity and that
28:46:00
if you do the right things at the right
28:49:00
time then if you only allocate a small
28:52:00
fraction of the time you allocate binge
28:54:00
watching stuff on Netflix you're gonna
28:56:00
be more than fine you're gonna be more
28:58:00
than fine but yeah the struggle is
29:01:00
essentially getting this message across
29:03:00
to business owners that to everyday
29:05:00
people I keep in touch with so many
29:07:00
entrepreneurs from so many different
29:08:00
sectors you know I've been involved in
29:11:00
quite a few businesses and yeah the
29:14:00
common denominator among them and it
29:17:00
also is actually what convinced me to
29:18:00
write my first book which is the only
29:20:00
personal finance book out there for
29:21:00
people who make money online because I
29:23:00
was shocked by the fact that so many
29:27:00
people who were brilliant enough to come
29:29:00
up with amazing projects to kind of make
29:32:00
them work have these brilliant ideas so
29:34:00
many of them made just ridiculous
29:38:00
financial mistakes and it kind of hit me
29:40:00
you know it kind of hit me that even the
29:43:00
monk entrepreneurs or in some cases
29:45:00
especially human entrepreneurs there are
29:47:00
some common denominators when it comes
29:49:00
to mistakes that are made when it comes
29:51:00
to all of these things so there's just
29:55:00
definitely it is a great opportunity to
29:57:00
be talking to you guys to be enough and
29:59:00
reaching out to entrepreneurs
30:00:00
specifically in this case especially as
30:04:00
an entrepreneur who struggled with stuff
30:05:00
himself and who keeps in touch with
30:08:00
other entrepreneurs who have the same
30:09:00
struggles day in and day out yeah
30:11:00
because again as entrepreneurs yourself
30:14:00
myself if we make a detrimental mistake
30:17:00
we don't get that many chances to
30:19:00
recover and that's why it's so important
30:23:00
to know before that happens I mean there
30:24:00
are some people that make mistake after
30:26:00
mistake but their business just runs for
30:28:00
some reason you know but we're just
30:31:00
trying to get those mistakes or issues
30:34:00
or missteps I don't even like to say
30:35:00
mistakes because we all do learn from
30:38:00
those but those missteps you're just
30:41:00
trying to really just just even the
30:43:00
playing field by saying hey don't make
30:45:00
this mistake or if it's if it's a
30:47:00
mistake that you're gonna make it's not
30:49:00
as bad by getting that knowledge getting
30:51:00
that experie
30:52:00
I definitely keep in touch with some
30:55:00
people who as you've mentioned just seem
30:58:00
to manage the good to make it work
31:00:00
despite just throwing stuff at the wall
31:02:00
and seeing what sticks so partly because
31:04:00
they're also in a very good financial
31:05:00
situation and it's a good it's a good
31:08:00
situation to be in but for most people
31:10:00
for the overwhelming majority of people
31:11:00
it's just amazing to be able to learn
31:14:00
from the mistakes others have made
31:16:00
because you cannot afford to make all of
31:18:00
them yourself like unless one of those
31:20:00
Nigerian prince emails is true and you
31:22:00
actually are the king of who knows maybe
31:25:00
in that case yeah but probably not so
31:28:00
there's just the it's just so ridiculous
31:31:00
how much benefit there is to learning
31:33:00
from what people did wrong that's why I
31:36:00
focus so much in my book on economic
31:37:00
history on trying to draw parallels
31:40:00
between then and today like when when
31:41:00
researching this book I didn't just
31:43:00
study archives and numbers and stuff
31:44:00
like that I did my best whenever
31:46:00
possible to find footage of actual
31:47:00
people and see what they had to say see
31:50:00
how they saw life and and kind of try to
31:53:00
get that across in the way that draws
31:54:00
proper parallels to today because again
31:57:00
you have the immense opportunity of
32:00:00
having YouTube at your disposal you're
32:02:00
only one click away from watch so from
32:04:00
finding out what Kim Kardashian did or
32:06:00
by learnt from learning the learning
32:09:00
from other people's mistakes it's on you
32:12:00
how to play it but you have this
32:15:00
encyclopedia of mistakes from which you
32:19:00
can learn in a way that dramatically
32:20:00
enriches your life and again it's on you
32:23:00
yeah that's pretty cool I like that you
32:26:00
can either click and see what Kim
32:28:00
Kardashian is doing or you can click and
32:30:00
see how to run your business correctly
32:38:00
we run a little long time tell us a
32:41:00
little bit about the book when can we
32:42:00
get it or how do we get it what's the
32:44:00
deal when this video is gonna be live is
32:47:00
gonna be during my big promo week so
32:49:00
essentially if people buy it until
32:51:00
Sunday it's just as mentioned previously
32:52:00
$0.99 they can find all of the links by
32:55:00
heading over to age of anomaly com or
32:58:00
they can just search for the books name
33:00:00
age of anomaly on Amazon on Barnes &
33:02:00
Noble on iBooks which is Apple's
33:04:00
platform for books and on Kobo the same
33:08:00
way if they want to check out my contest
33:09:00
and maybe have extra chances at winning
33:11:00
by tweeting about the book telling
33:13:00
people on Facebook or whatever if they
33:15:00
can head over to youtube.com forward
33:16:00
slash hundred economics which is my
33:19:00
youtube channel and by the time this
33:21:00
goes live there's gonna be a video with
33:23:00
the full details instructions rules and
33:25:00
so on
33:26:00
perfect that's awesome man so real quick
33:30:00
I know that you already put your your
33:32:00
email and your contact information out
33:33:00
there is there a best way for somebody
33:35:00
to contact you if they have a question
33:37:00
is that it just go to one minute
33:38:00
economics comm I'm always around so no
33:43:00
matter how busy I am I do try to find
33:44:00
time to answer pretty much every email
33:47:00
that I receive a side you know so yes or
33:52:00
you can head over to my channel go to
33:53:00
the About section there's my email
33:55:00
address is freely available there my
33:57:00
phone number as well the same way if you
33:59:00
comment on one of my videos I do keep I
34:01:00
do my best to keep to keep on top of
34:03:00
comments as well and once I do make it a
34:07:00
mission to kind of stay on top of what's
34:08:00
happening to keep my ear to the ground
34:10:00
and I'm a very easy man to get hold of
34:14:00
well I definitely noticed that like I
34:16:00
said not too many people post that much
34:17:00
information and get in contact with you
34:19:00
so I thought it's very cool that you do
34:20:00
that and you know you know that if
34:23:00
somebody reaches out to you they're
34:24:00
taking the time and they could really
34:26:00
use to help and that's what we love here
34:27:00
exactly
34:29:00
you know you get people that say they
34:31:00
want to know where their say they're
34:32:00
gonna contact you but if they don't
34:33:00
you're like that's fine but those people
34:35:00
that do reach out I love being able to
34:37:00
help them so it's cool that you have
34:39:00
that information and you know again I
34:41:00
appreciate it taking the time I know
34:44:00
it's again it's late over there I know
34:45:00
you got a few more collaborations to
34:47:00
jump in on tonight I'm sure you'll be
34:50:00
working late into the night and yeah
34:53:00
being on today thank you a lot for the
34:57:00
opportunity thank you guys for watching
34:58:00
us and I genuinely hope you manage to
35:00:00
extract a ton of value from our
35:02:00
conversation today oh I'm sure they will
35:04:00
it's very helpful people will learn a
35:06:00
ton from your YouTube channels from your
35:09:00
book go on out there take a look at it
35:11:00
and I would recommend any of our
35:14:00
listeners to go ahead out there and grab
35:16:00
Andres book because I'm sure it's going
35:18:00
be full of tips and tricks that will
35:20:00
help you out in your business before we
35:22:00
go I would ask any of our listeners to
35:24:00
please if you haven't already jump on
35:26:00
out to iTunes or Google Play leave us a
35:29:00
review leave us some information on how
35:31:00
we can better give you and supply you
35:33:00
with the information you need to run
35:35:00
your businesses better get your
35:36:00
inventions done we really appreciate any
35:38:00
feedback any information you can and we
35:41:00
will catch you next time on the
35:43:00
inventors launchpad show you all take
35:45:00
care thanks for listening to the
35:46:00
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35:49:00
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35:50:00
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35:52:00
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35:55:00
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35:58:00
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36:01:00
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36:12:00
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36:18:00
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