2024 Presidential Debate Results are in! Great News For Resellers!

stay home more not keep doing the same thing I'm doing so well I mean if you if you got a job for a big company you would um you'd be able to stay home more um so okay I want to get into it so we're live on YouTube today um and just want to make sure hold on that we're live okay what's up guys welcome to the Wednesday morning Mastermind call um we do this Monday through Friday and then today on Wednesdays we do it live on YouTube um I'm super excited because um yesterday I watched a presidential debate and this is the first time ever that they were debating in every single issue that came up I looked it up just see how does it affect me in my industry I'm in the resale industry so I sell um essentially items that have been sold before so retails things being sold the first time I'm a reseller everyone who listens to my channel is a reseller how does this presidential debate affect me um Devon brought up something earlier um there a person in the group he works for a company and um I told him maybe at one point if you get a big business client you could just start your own business and um he was saying the point of him reselling is to spend more time at home I think millions of people choose reselling because of the time flexibility 100% right there's people with full-time jobs reselling in fact most of the people who actually do well at reselling have a full-time job that's the most common denominator you have a full-time job you bust out 10 listings before or after work make an extra100 to $200 a day that's another $30 to $70,000 on top of your regular paycheck that person's killing it right um the people who don't have structure it's much more difficult because it doesn't matter when you start or where you end um lots of people take 14 hours to list five items and then they're they're kind of half doing it so their listings don't sell they have all these random items that they're selling instead of specific items usually people who have a full-time job they sell specific things because they don't have that much time so they're just like I'm only good at selling this thing I'm going to stick to this rinse and repeat but if you if the world is your oyster and you can sell whatever you want it translates into being highly unproductive all day um so let me go over the things that they mentioned that really affected resellers big time um first off if you want more time to yourself get a job don't be a reseller if you if all you're trying to do is spend more time with your family I do not recommend reselling it takes a long time especially to get off the ground like uh unless you're working on it when your family is asleep it's not less work than getting a job like straight up I'll tell you right now this is harder than a job because you are the job and also you are the company okay like so you have to run your company manage your time manage your own time acquire your own Goods sell it fulfill it customer service that's all you there's like literally 90 tasks that you do all day I mean you can you can narrow it down into customer service shipping photo photographs listing putting everything away but all those have little nuances like customer services like cases returns answering offers all that together right it's pretty difficult when you have a normal job you just do one of those things so if you're looking for more time with your family get a job well the only the only restriction is that sometimes the high paying jobs they take 10 hours a day or more that's the only restriction but if you're looking to just get by you can make $50,000 a year at a be decent at your job and have a little bit of a free time I don't think that being an entrepreneur gives you more time though I don't agree with that um okay so looking at the election things that came in everybody was talking about or Trump had mentioned this 20% tariffs tax essentially imported goods get taxed 20% and I was trying to fact check this myself to see if this is true and a bunch of studies said that between it would increase the average person their bills by ,700 to $4,000 a year which is a lot you're talking about a normal family 100 to $300 more a month in bills that's like crippling there's so many people that already don't get by or they're negative $100 a month or negative $500 a month now they're going to go even more negative because the tax is coming in no one in the debate mentioned what those what that money would go to so I I I don't know what where that money would go but it not go into US it would just cost more to buy things so I think that's fantastic for resellers because resellers we can buy used things like for example um I just purchased 20,000 pairs of shoes to resell my staff probably purchased two or 300 pairs they're not buying new shoes they can't afford new shoes I mean they probably can but it's hard to spend $150 on a pair of shoes when you can get a pre-owned one for 20 or 30 that's like think about how different that is um one of my staff members bought shoes for her whole family for $80 dude that's not even the price of one pair of nice shoes she got brand like like new returns for her whole family for 80 bucks that's so cheap this industry of reselling is going to go way up because just the if you don't want to listen to the rest of the video neither candidate said anything about helping us improve how much money we make I would say the number one Hot Topic right now is standard of living is too expensive does anybody feel that if you reviewed your um your bills your groceries have got to gone up um cars are way more expensive gases at the same or higher even in Texas didn't go down nothing went down nothing got cheaper and neither candidate had any plan for improving jobs or anything like at least in previous elections like it seemed like they were catering towards blue colar workers and trying to help people get jobs but this this time neither one of them mentioned that there was no talks about improving jobs or infrastructure that might create something it was just they didn't even talk about tax breaks nothing so the election was just a whole bunch of nothing like when you listen to U politicians talk about what they're going to do versus like a business person it's just so so different or even an expert in anything like I almost would rather listen to Steph Curry talk about basketball than that it didn't didn't make any sense to me so okay the tariffs um that would make things more expensive con Harris said something like $6,000 tax credit um for people who have first year of life for kids right that would affect me actually doesn't affect me now because my kids over one but um where did that where does that money come from if if they just gave out all that money we would have the same inflation problem we have now like the uh I don't think printing free money would would would solve anything I think somehow we need to improve jobs like if they said you know we're going to open an eBay Center in every single City where people can go photograph their items that's nothing that's that would cost like a couple million dollars for people to go somewhere and work and that would stimulate the economy like crazy imagine you could go somewhere and photog most people's problems is their their home workspace is so messy that they can't work right and they don't have organizational help they don't have um anywhere to work really they're working in a one-bedroom apartment that they rent for $2,000 a month that's hard to get going so the election that I mean I'm really um like happy I did that because I historically don't care about politics but I just wanted to see does this matter to me right all these topics what's going on how does it stimulate the economy what is in it for me how does it affect normal people my customers I sell everyday value 99% of the stuff that I sell is under $30 right I'm not selling to rich people so like can my customers afford to buy things that is concerning to me right can my workers afford to pay their bills that's kind of important to me but nothing in the debate had anything to do with that so um the abortion Topic's not related the foreign policy topic is not really related so um when I watch it I just feel like um it doesn't affect us other than I feel like the standard of living is going to remain the same or go down who thinks that the standard of living is going to get easier I I don't but anything from that oh actually the the I guess there's one thing that was pretty interesting was um Taylor Swift chimed in okay of all people her opinion is so important that it's on CNN I was like okay I was selling Taylor Swift um merchandise this year because it came up um and I was like why why do we care about what Taylor sliff said she's on CNN they literally they're like this is big big news Taylor Swift posted on her Instagram I was like oh my God are you serious but then she's really influential okay so so now we have if you're a resar get your Taylor Swift stuff listed because it's it's Bonkers and they sold millions and millions and millions of products they're everywhere you can Thrift Taylor Swift merch it's out there so I don't think that um so join the chat saying the money would go into the national debt it wouldn't increase prices it' be more production to the US okay that's also good for us if we actually move the production to the US because the tolls are too high so let's say that um I want to resell this week I'm coming out with a video on how to Source Products from Alibaba right if it becomes cheaper to source that product here in the US that would be fantastic I I would love that there are so many products that I feel would do really well especially in la like in LA there's like a lot of production at least for clothing the clothing industry you could go there and have things made I have um I'll show you guys I have a few different um wholesalers that were telling me that they have access to different fabrics and um here I'll show you Joy or I mean yeah Joy this might be right so check this out guys um make sure I have this pulled up right I'll show you okay so where's my thing at okay can you guys see this this is um all this fabric this lady was showing me that um can be made in to because right now what's trending in women's clothing is like um dresses um pattern pattern patterns and prints are trending really hard in in women's clothing so she was like telling me that all the stuff can be made in the US for the same prices overseas and the lead time is only six weeks that's not bad so that means like essentially we could start sourcing Goods in the US which is exciting so I I hope that becomes a thing and the production comes back here that's cool um Melanie says that Taylor SP as a rich celebrity her issues do not apply to you um I I just I'm just so surprised that her opinion was on CNN she weighed in so all of a sudden it's nationally news um that's true so Mary says that back in the day the Beatles were interviewed um about news it makes sense it's it's just it doesn't really affect us as resellers other than I feel like I don't feel like the prices are coming down for anything um so Misty says there's only one solution to everything costing more make more money I agree I think right now everyone that the the fastest way to improve your reselling business is the clear space I know that sounds crazy but it's just less buying things and more selling things that are around you and I've been hardcore using Facebook Marketplace guys I think this is maybe the biggest hack is how affordable Facebook Marketplace is you can post something they don't charge any fees right and you can run ads so um you guys saw this um I bought those Batman cars and I posted on Facebook Marketplace I've only sold a few um I paid $70 the retail is $250 they can't be shipped so I put them on Facebook Marketplace I haven't sold very many but yesterday I ran a Facebook Marketplace ad and I'm running it from now to the end of October at $7 a day and I have been selling a couple every day from this ad and I'm like that is so affordable $7 to place an ad to reach I think it's reached 20,000 people in my area um so if you're selling furniture or anything heavy I probably would take advantage of Facebook market place but I didn't hear that in the debate yesterday like why doesn't everybody sell 50 things at home can you imagine that would actually stimulate the economy if 50 PE everybody in America sold 50 things it would just because those things are going to the market at a much lower rate than the retail it just um was interesting oh yeah so explosion Sky said she proposed a tax credit for new small businesses here's the thing I think it's a $50,000 tax credit for small business but that's on the profit side what if it doesn't help you earn any money I could be wrong I could be misinformed but I researched that she put that she was going to give $50,000 tax credit to small business that's the profit part not getting started so most small businesses especially in my experience do not turn a profit if I was looking at most people's resale business they spend probably five or $10,000 on inventory one or $2,000 on equipment um and they list one to seven items a day and they sell zero to three items a day and at the end of a year or two years they're actually negative so the tax credit wouldn't apply to most businesses if if you were able to get more profitable that would be nice um and I think that would stimulate the economy if people would people who are listening to my Channel right now that one zero to 10 listings a day and you you heard the election you're like oh my goodness I want that $50,000 and you bump it to 10 to 20 and you actually sell 10 to 20 then this tax credit would apply to you um if if you actually get some traction going um van is saying it's $7 for 18 eggs in Dallas I feel like here I've seen milk for $799 um I so Kim is saying no one explains how to help the regular person I actually don't think that the presidential election helps regular people I'm saying the debate the debate didn't mention anything that was going to specifically help us um so she said why don't they propose a tax credit for small businesses right now they they are it's just that it's only the profit part so I think the the seed Capital part of how many people here think that capital is holding them back it it's in my opinion it's not really Capital to a certain degree it's mainly understanding what to sell because um if we were to give people let's say $500 they wouldn't necess necessarily know where to spend it if if you do know right and you know like I could turn 500 into 2,000 then it's a different story because you can sell everything you own I always say sell your couch and sit on the floor Ju Just like let's just get it the the ball rolling it's just that most people don't know where to put that first $100 or $50 I think that that's the hard part there's a lot of business skill required to get this off the ground um just the number is saying um they can't even get one sale a day okay this is this is key I would say getting to one sale a day um consistently would require 50 to 100 really quality items in your store and that's the part I was talking about because if you have really quality items in your store your listings don't need to be perfect you can ship a little bit later there's a little bit more forgiveness and having a great item that people are willing to wait for um versus or if you're selling something that people really need then you need to ship it right away because they're buying it from you at a discount and they want it fast right so um if it's a like a you know Spider-Man figure from 1990 vintage one they can wait a couple days for that but if it's like uh you found a power drill and and it's a the wall power drill and it's $119 a Home Depot and you find a nice Ed condition one at a garage sale that you paid 30 for and you sell for 75 on Facebook Marketplace or eBay they want it immediately so that that's one but I'm saying like who is saying I can't sell my DeWalt power drill that's not hard to sell right that's the problem main problem with reselling is the um the main problem with reselling is what to buy um Melanie I don't think that the tax credit necessarily was what people wanted to hear the word small business is what people wanted to hear but like it's not free money and it's not money to get started um they could provide goods for people to resell something like that would help people actually get get the right get on the right role um and just the number is saying it's a tax credit not a gift and again it really benefits more people who already have an established business who can make a little bit of profit um so cheeseburger is saying most small businesses fail so the $50,000 is just money thrown away the thing is it really only applies to the small businesses that are working um that that that so it would help the small businesses that are working um but again the free money is a is a thing that I don't know if I um I don't I think that that caused everything to be a lot more expensive um so somebody quoted this um from her website to help achieve this she will expand a startup expense tax credit to new businesses from 5,000 to 50,000 and take on the every everyday obstacles at red tape can make it harder to grow a small business okay that's from the website that's what she's saying I think that that really helps more when you need that5 to $50,000 credit and um it just takes some time you would need to be at like five to 10 solid sold items a day for that to apply to you under five sold a day um you basic your business is basically breaking even or losing a little bit of money on paper so I don't see that that affecting it that much um but I can see the 20% tariff thing helping resellers because um things would get more expensive so people would be looking for more pre-owned right and then plus it would stimulate local production which I think is good for us in my opinion I don't know if you guys disagree with any of the stuff but that I just think that that's a thing and then also the tax credit I don't know if that's going to affect us much um so as far as buying goes um I think that retail is going to continue to struggle um if you've seen sort of the trend in reselling there's a lot more secondary Goods hitting eBay Poshmark so guys let me tell you something very interesting I've kind of switch businesses I was selling pre-owned stuff exclusively from the flea market if you guys watch my YouTube channel from 2007 to 2022 right the first 20 2017 the first five years of my YouTube channel I primarily sold from flea markets I did thrift stores right in the beginning but then when I found the flea market three years in a row that's all I did um then I switched over in 2022 to new Goods because um I got exposed to the closeout world and all those years I resold on eBay I actually wondered where is the stuff coming from bhfo like the bigo biggest clothing seller in the world selling 15 20,000 items a Daye where are those items coming from I didn't realize those are the same Goods being sold at Ross TJ Maxx Marshalls and if you guys look at the discount um industry TJ Maxx is opening stores right now think about where we're at in our economy right now and TJ Maxx is opening a thousand stores that means discount retail is on fire so if you are a reseller right now and you're going to the flea market right and the thrift store and you're buying a Tommy Bahama shirt for $11 and you go on eBay and try to sell it for $14.99 plus shipping because the competition is so stiff and you're making a dollar on eBay there's also going to be somebody selling a brand new Tommy Bahama shirt for $14.99 plus shipping that they got for $8 directly from Tommy Bahama on close out that all of those goods are starting to go into the secondary Market I've not seen that before if you guys are not paying attention a lot lot of your brand new items on Ebay are the same price or lower than the pre-owned items because companies produce 10,000 20,000 30,000 more units to get the um price down for production and then they they basically sell the rest of it to TJ Maxx and Ross Ross is the king of discount retail they're number one look at their stock price explosion I check that out um Dodson is saying space to work in store inventory is more limiting than capital I agree with that that's why I think if they opened a like a community use Warehouse in every city that would stimulate the economy like crazy there's so many gig workers that make their own things sell their own things and that'd be easy to help so Devon is saying it's crazy the big losses closing stores yeah it is crazy but I don't know why I feel like Big Lots they don't know what they're doing because that's like um Dollar Store I understand that stuff's really cheap Big Lots should not be going out of business that's like okay I bought a Walmart clothes out and it was like lawnmowers microwaves and this is a mistake it just came essentially for free I bought this um this guy essentially gave me this pallet of hard goods for free the truckload of hard goods for free the these Goods would sell in one second at a Big Lots like a l 300 low $80 that's going to sell immediately at Big Lots right it's just um maybe it's difficult to do the logistics on larger Goods um but smaller Goods if you go to Ross I'd say the largest thing is like luggage they don't have any big things also Big Lots where I don't know if the Big Lots here are out of business but here they sold food and perishable stuff I feel like that's hard um it's not like um TJ Maxx Ross Marshalls they don't sell stuff that they don't sell a lot of food um Grant is asking me if I think what not is better than eBay um it depends you get a lot more money on eBay for items um on whatnot it's mainly um it's mainly entertainment plus you pay entertainment tax on whatnot for the host to show you the item and it's essentially liquidation Price Plus entertainment in my opinion if you're very entertaining you can get a really good price if um I just was looking at rinsey a lot of people have been sending me their numbers from Instagram rinsey is doing excellent but Ryan in my opinion is very entertaining he has high energy especially if you're at home and especially the time he is streaming in the morning people are zombies in the morning you turn on rinsey he's selling a nice North Face or Patagonia piece great attitude you're going to buy stuff I mean that's a really really good combination and he's not selling garbage he's selling Northface Patagonia carart that's what people should be doing right on his Instagram post he posted like a 20 something $20 buy cost selling for $43 guys a lot of resar don't want to hear that they don't want to hear spending $23 an item who here wants to spend $23 and sell for 40 that's too slim for most resellers but the thing is people don't want to buy bad items they want carart Patagonia and North Face right they're not looking for they don't want used rebok I don't want to use rebok some people don't want use rebok for free right but paying $40 or $39 or $35 or $30 for uh Northface Patagonia carart that makes sense right so I would ask where is he sourcing those goods do some research figure it out I I went and looked at the Nike outlet you can get Nike clothing and do what he's doing right now and he's not the only one doing that check out Ohio thrifters is like rinsey on steroids they're like they're like both they do what rinse is doing plus what I'm doing they mix in liquidation and they have the um pieces of that people are looking for like the Patagonia The North Face it's like so right now I'd be asking why is this work what are people doing that is working and whatnot is more volume based but what not is liquidation Price Plus entertainment I that's what it is it's not retail retail is Amazon resale is eBay what not is liquidation plus how entertaining you are if if you um were going to like set yourself on fire people pay full retail if you're willing to do that on screen right you're like I'm going to light myself on fire if this sells for a full price it's going to sell for full price that's very entertaining right especially if like I don't know that people like watching that kind of stuff that's very entertaining if there was a dunk tank on whatnot and it's like you pay 80 this sanley cup is $55 retail you pay $55 you can you can dunk me it would sell right so you entertainment plus liquidation is what what not is eBay is just the true item you know there's a concept in the car business called actual cash value that's what eBay is actual cash value plus Rarity actual cash value plus Rarity so you have an item that what is it really worth on the market right now plus how rare it is if it's rare it's worth way more on eBay if it's not rare on eBay it's worth what it's worth I don't know if you guys have noticed if you guys ever tried to sell a common item on eBay it's really really really hard think about this what could this sell for on eBay it's a pink water bottle used it still has value you could use it every day it's aluminum Twist Off cap built-in straw what does this sell for zero you could not sell this plus the cost of shipping it's too hard Stanley mug you could sell for a premium because it has the um the logo on it but a regular Stanley mud you're selling it for Below Retail a limited edition one maybe 500% of retail he is asking if North Face with stain sells 100% because people can't afford brand new Northface Grant selling that's why they sell jewelry jewelry is a fantastic category everywhere because you can focus on the Rarity and it's worth more but Grant you probably don't sell $7 free shipping jewelry I hope you don't cuz that unless you're a giant Chinese conglomerate that's not a that's a very difficult business model you probably sell more rare jewelry right eBay is not the right place to sell common goods it's the same price as the garage sale except for people have to pay shipping can you imagine if you went into a garage sale and they're like everything you see here but $7 more because I have to ship it to you and you have to wait $9 days for me to ship it can you imagine that garage sale sign everything here right whatever you see plus n $9.50 for shipping priority right and it's going to take me nine days to ship it that's no one going to buy anything from you unless it's like a Grail that somebody accidentally priced it's like a $100 item they priced at $4 then paying for $9 shipping is fine but that's what eBay is for a common item eBay is an auction it's exactly like whatnot except for the time frame is longer on whatnot it's a short time frame and um somebody posted on um somebody posted on Reddit guys it's really annoying I've been on here for an hour and no one has bought anything and I was like how dare you how dare you post something like this people are not obligated to buy from you how how dare you say that they're not buying from you because you don't have a good deal unfortunately or you're not entertaining you have to be entertaining or okay so like when um somebody sells their farts for $100 in a jar right that might be more valuable to somebody than your used thing that nobody wants right and it's just it's just the value proposition it's not price it's value what is something worth versus what it cost cost has to be disproportionate for someone to like step up and buy something it's got to be oh that's worth $20 I'll give you five so Granton Kelly is saying they sold $1,000 wor the jewelry in two hours it's probably not common jewelry though this is the part that I hope people understand common goods are so hard to sell right now Melanie the lady selling farts was making her Revenue was $40,000 a week I don't know how how long she was able to keep that up but $40,000 a week and there's no cost except for the jar and and and postage right she can produce that at home for free amazing okay that's like like I respect the hustle I mean it does say volumes about our society but I mean that's that's pretty creative um Gabby says I hate those people who don't run things um they're waiting for requests or people are well the thing is like the items sells okay this is going to be a hot Tech you guys ready um I think that things on what not sell for the proper amount if if you sell things too low that's because either the item wasn't good or you weren't good right like I see people on whatnot selling the most average items but they have a great personality and they have regular customers who come and hang out with them right and um they're like well I just I just love buying from this lady Pomona Pomona is an example she's in Texas she has great stuff she comes on she has some regular customers they'll pay a little bit more because it's it's her I want to pay more from her right I want to pay more because I like her I don't even care about the item now other people right especially people with bad personalities you better give me a crazy deal or I do not want to buy from you because I already don't like you and now right like the lady that was complaining about people not buying her attitude is really bad you better be selling me $100 stuff for $5 otherwise I don't want to talk to you and I'm going to buy from you on mute right show me the item how cheap it is and don't talk and then see if I want to buy it or not that's like it's contagious right sales is the transfer of energy from one person to the other and now that I've been selling stuff on on whatnot for a while um I I really I think that momentum is maybe the most important thing you want to sell things that are on a positive momentum right selling Taylor Swift gear right now makes sense you don't want to sell something you don't want to sell Kanye West stuff right now it's declining or actually maybe he's on the come up now I'm not sure but momentum is really really important and what not is the same thing as eBay it's just that the the um Horizon is different and the fees are a little bit lower and that that helps some people move lower inventory in my opinion because I think the cheap inventory um moves on eBay too but the fees are higher if you're doing eBay and you're promoting your listings I feel like you're paying at least 20% in fees right and that's cost prohibitive have you guys done your math how many people here are paying 20% total and fees after promoted listings or more I think probably most of you or some of you don't know that you are but you are right and on whatnot the 12.9% or 12% 133% up to 15% if you sell cheaper items those items um that that helps extra 5% helps you offer a lower price so somebody will buy it plus you can talk about it um on a North Face item you can show all the flaws and and do it when I did the experiment with less she sold items the very very first day right she just went online she said guys I have a really cute J Cru and somebody was like I I would bid on that if you start at $2 so she sold it for $2 but she bought it for a dollar at the bins and that's the first step right and then you can go to the bins and just stream right from the bins I think that's a fantastic model for 90% of the people listening to this call why not stream from the thrift store and make that guaranteed money there's no returns on whatnot go on there go to the thrift store make a pile go to the corner turn on your app you you have a smartphone if you're you're listening to this right now on YouTube turn it on see if anybody will buy anything right and you can be transparent this is $13 at Goodwill I need $17 because I need to get it pay what not a couple of bucks go home and ship it to you to get my fault to get it going right then you go to the um cashier you ask for a nice guy discount or a young lady discount they gave you a couple bucks off make a $5 profit and then keep doing that until you build up your bank roll it's it's really dangerous really for for resellers to buy goods and go home and then it doesn't sell that's the number one danger the number one danger is the um buying items that don't sell it's not that's really the biggest fear that's why on whatnot the turnover is so much quicker but you're not going to get that price that you are on eBay Kelly is saying they're doing that from Disney from Trader Joe's oh my God or um bies I I still haven't been to a bies and I'm disappointed because I've been to Texas a few times um but I I need to make a trip I want water burger and bies is that pretty easy anywhere in Texas um you saw a lady doing that in Burlington a couple of weeks ago she was laying clothes on the floor and selling them that's creative and I like it and there's no risk as long as you are um not being a dick at the store I feel like they're not going to kick you out like if if you're like in there with your lighting setup and a tripod they're going to kick you out but if you're just like um you schedule your show ahead you're like okay today at noon for half an hour I'm going to be at Burling like you know put it on the app schedule it ahead and then go to Burlington at 10:00 when they open find 20 items that you want to do it turn it on and then just show it um and then it's good I am um not doing any official shop meetups but I am going to start doing Wholesale in person so if you guys want to come to my shop um you can visit me anytime I'm in West Oakland just let me know send me an email um happy to show you guys around I'll do some more official tours later I I enjoyed doing the tour um in person and I I now realize that um the value was not what I thought the value was in the beginning when people came so let's just say like um Devon came to visit me right and I would ask Deon like what's going on in your business um like where do you live what kind of things are you selling where's your store at um and they're telling me their schedule or whatever I I find that as the most useful part but I think that people people coming that's not the most useful part they want to actually do it in person so like going to somebody's house taking photographs listing putting items away that's more useful than visiting me you need to just do it um coming I'm just going to ask you what your schedule looks like because I don't know what your setup looks like you could make a a a better use would be to email me a video of you doing something and I'll send you a review oh those are emails are my favorite um so yeah I don't know did you guys watch the debate any comments questions for me while I'm here that's all I was going to say is that I don't think that any of it um mentioned helping the economy at all it just seems like things are going to stay the same things are going to stay the same or become more expensive was what I took from the presidential election and maybe we'll make more Goods in the US if people take those jobs Mark Cuban said Harris's policy would tank the stock market in business does I think that that helps us right if oh actually no I don't know if it would help us because people would have no money I was just thinking like if the stock market tanks and people are broke um do they just start buying used Goods more because right now I'm just trying to think what makes people buy on eBay more things will probably stay the same or get worse go ahead Deon so um what she was saying is that she wanted to tax un realized gains on stocks and stuff like that so all the stuff you got setting in you know within swab or wherever you do your you know trading at they want to tax what you have not realized yet and that was that's where Cuban and every econom saying you'd absolutely destroy the stock market the global economy yeah I think so too it's just like the um when your house goes up in appraisal and they they increase your property tax that that's the same kind of thing where like it's an unrealized gain right and they're taxing you and um that's ridiculous that it's not like they give you their money back if it goes down right so no that's just that's just like a um that that wouldn't work so I I um what would work is um Larry in the group said that he hires somebody every year to go through the tax assessment and rebuttal the state's increase in your property tax I think that's a good idea because they're trying to especially in California they're trying to tax you more for not doing anything extra um you you hire somebody for a couple hundred bucks and they save you a couple thousand bucks that is worth it um but yeah that if that's true that would not be good taxing unrealized gains is that would not work yeah because in Texas here I mean every single year it it goes up and I mean there's advertising all over the radio TV talking about um disputing your um your increase you know they go in there and they they quasy appraise you know the two or three the most expensive homes in the neighborhood and they just apply blanket statement or try to apply blanket um increase to everybody in that in that ZIP code or that zone anyway I feel like people who are are wealthy they they know all the tricks that to get out of taxes so I just want to know how regular people can make more money that's really my take like how do regular people make more money instead of middle class people paying for these tax cuts or whatever like middle class people pay for everything with the amount of taxes they pay that's why it's like it's so weird to me that okay get how weird this is if I make my company run without me I get taxed 18% less that that's crazy that's that's the country that we live in if you build a company big enough that you don't work there anymore you get tax less that's that like the people who are at the beach not working that's in their plan because if they were working they would get taxed more like oh hopefully this is like a wakeup call for people sitting at home right now realizing that the country that we live in currently it pays you more money if you don't work but you have to build something that works for you if you if you never get there then you have to always work and you get taxed more this is the like the craziest thing ever imagine if they taught that to high school kids like if you if you start a plumbing business right and you get to the point where you have four four people helping you and you have an administrative person and a manager and you now only work there a few hours a week you get taxed only on the few hours a week the rest of it you don't get that extra 18% tax you get taxed less it's like the unrealized gain the stock market you get paid less on passive income than you do on active income so this is the country we live in let's try to get on the other side I'm not there yet I'm not there where my company runs without me I still I get double taxed on my income but that's I don't see how complaining about that would would matter I don't want to pay half of my money to to California but that or to half of my money goes to the government and I'm not really complaining about that I'm just trying to think of how can I make the the the number bigger because it's not going to go away so I I kind of want everyone listening right now I don't the government could create programs um I don't understand the opportunity thing that um Harris presented I don't know how that works didn't it wasn't not obvious to me how that creates more money for a regular person and then Trump didn't address it at all so I I really have no idea how that affects normal people it feels like I kind of heard you're on your own um let's see um uh Justin N said literally said nothing of substance yeah it was professional question dodging none of them neither of them answered a single question straight up Devin I never heard you explain how you made it from from Utah to New York to California um and everybody talks about how expensive the taxes are there um is the weather the biggest reason why you're there I mean I don't know if you wife took a job there or or I don't know how that transition if you made it I guess you've talked about if you you might move here at some point in the future yeah so I I grew up in I grew up in Utah I was born and raised in Utah and I didn't like Utah because I I and I still don't really like the the culture in Utah it's very um it's not really diverse most of the people are the same like um so I was like I want to move somewhere where there's more it's more interesting so then I decided to move to New York City so um after college I moved to New York City with my um friend who went to Columbia he borrowed $271,000 in student loans to go to school um so we went there I lived in New York City I loved it it was fun I moved there without a job I just moved there and figured it out um when I first moved there I sold sneakers on eBay and um I lived in Harlem so I lived in Morningside Heights is right next to Harlem and at the time the first House of Hoops sneaker Shop opened on 125th street now I didn't know anything about sneakers this is one of those situations where it's like a lot of people here say they don't know anything about industry nobody knows anything in the beginning so I went there I sold sneakers for about one year with my friend sneakers is expensive I didn't have the bank role to do it like he did so um buying for 100 and selling for 180 or 200 is was too rich for my blood so I stopped selling on eBay I got a regular job I had I did a whole bunch of things in New York for three years I met a girl I moved from New York City to California for a girl then I stayed for the weather when I moved here um I've been here now for a long time 15 years almost when I moved from New York to California um in with we realized right away it wasn't going to work out not not that it was anything negative it's just that living together is very different than dating somebody so I had never lived with somebody before she had never lived with somebody before we realized right away this is not going to work so I had not owned a car for four years living in Manhattan so I applied at Lexus as their eBay person because I knew stuff about eBay and they were looking for eBay person so um I moved in with her we decided it wasn't going to work out so I let her keep the um apartment and I moved out with my other friend and I worked at Lexus um so I lived there for a week we realized it wasn't going to work we were better off as friends I got a um job at Lexus and then I bought I bought a car the first day that I worked there um and then I was in Lexus the first year I made $40,000 as marketing and I said yo this is not going to work I want to try sales because the people downstairs are making a lot there was somebody on the sales for making 700 a year so I was like I'm making 40 that person is making 700 um let me try that and the um owner said I think you'll make it but I'll give you 90 days if for you can try for 90 days if it doesn't work you can go back to your job so then first year in sales I made 110 next year I made 140 and then he told me you don't need you should not work for me you should work for yourself it's going to be 10 years of hell and then you'll be okay this was 2014 now it's been 10 years in 2014 I was making 140 Grand a year in my mid in my 20s right and my boss told me to quit he said most of the people here could not make it as an entrepreneur you can just try it and it was horrible not I'm not a good entrepreneur I'm a much better worker I've I've said this on my videos forever if you give me a plan on what to do I'm much better at it than figuring out the plan this is all foreign to me figuring out employees figuring out um business supplier relationship everything now is like it's not what I'm normally used to normally I go to a job and they're like this is how you make money here and then you do it um when I was in the eBay Department we were trying to sell one car a week right then I went to sales the goal is to get two appointments a day and for me that's pretty straightforward how do I get two people here every day to buy a car of the two people who come one person will buy make five appointments two people will show up make 100 phone calls you get five appointments that's very straightforward to me that's why when I look at eBay I always ask people like where is the what is your schedule look like because you're not going to know how to do it you have to just schedule time and then try to do it but now I'm here and I love California I do really really love New York so much but it's it's my family is not there and or my wife's family is not there and um Grandma's here so I'm staying here cuz nothing like being close to Grandma New York City though is the best I absolutely love New York City walking around the the culture the pace totally me I love it um my parents are my parents are one block away and my mother's there anytime I need her so that's great and she she's not a she doesn't hover everything so other words she's only there when we need her but on the other side of that my my other my grand kid my not my grandkids good Lord my um kids other grandparents on the opposite side of the world it takes 30 hours to get there so it's complete one from one Spectrum to the other yeah and just being close to Grandma is the best I'll never move that's why if I was going to move to Texas I'd had to take Grandma with me um nothing wrong with that I I'd have to move to Houston because I feel like that is the best place for me Texas but um I don't know like DFW seems pretty cool um Austin Austin is too trendy for me I don't like that it's like so freaking trendy everybody you know just it's too much for me it's like um it's it's like San Jose is just down the street and it's Tech it's like Tech in Texas it's like it's like a little mini California in Texas and I wouldn't be moving the I don't I already live in California wouldn't move to California again yeah yeah I'm driving past you par Mar the World Trade Center right now and um all that stuff is here in my backyard um but I think Houston with it being a port city you're gonna have I think there is an advantage down there yeah um but with that comes the humidity which isn't likee anything I mean you have to like go to New Orleans and get the same amount of humidity I mean it's just it's it's it's downright miserable um course we have the heat I mean it's 105 here in the summertime and no rain but we don't have the humidity so we're not as dry we don't we're not we don't have the heat as Arizona and I'm talking about the DFW area we don't have the heat we don't have as much heat as like Phoenix would but we don't have the humidity that you're going to get in Houston so but come every June July and August you're asking like why do we live here well I guess that right here it's between 60 and 80 degrees all year and we have the Mediterranean climate where I'm at um it's liter like you don't need a jacket here and you don't need a um it's like light jacket weather all year here well for here 70 degrees is a light jacket in Texas that's that's that's already that's perfect but like um it's um the weather here is definitely outstanding but Southern California is even better like like San Diego weather is even better than here so it California has it advant there's a reason why so many people live here so um Isaiah is asking is there a particular reason why somebody should aim to reduce their tax burden yes it's because eventually people want to go to the beach right don't people hear like eventually you want time everybody here wants time right so if you can build your business up to the point where you own it but you don't work there right it's it's it's really hard with reselling right you need would need to be a more like corporate structure to get there because the the only version of eBay that's sort of passive in my opinion is like a 30 to 50 item store and one person does the whole thing for you so you have a relationship with a supplier the supplier like I know this guy that works for Nickelodeon he has a 100% passive eBay business his he has a one supplier that delivers a pallet a team of three they they take apart the pallet list the pallet one pallet per week and the business operates without him he doesn't have that higher tax burden so he can create jobs he can get an income without working there he gets taxed at a lower rate the lower tax rate allows you like a sort of like the incentive for growing and also helps you be get a little break so that you can actually build the business's businesses hard most businesses operate under 10% profit this is the this is the part that's crazy most businesses operate under 10% profit but if you're an eBay seller at home you can make 50% profit this is the part of rinsey Mall so interesting they're buying for 20 selling for 43 at home in their basement right if you take that business out of their home into a third- party place like a warehouse and then you hire workers instead of instead of him streaming the profit margin is under 10% because it's it's expensive to do that right everyone listening right now if you are doing this at home but without a worker your profit margins are hopefully 40 50% probably hopefully you do 10,000 in sales you keep 5,000 because you there's not all this overhead for running a regular business the incentive hopefully is that you you put all this work in so one day there's a payoff I would like to sell my company I don't want it to stop when I stop so I want to create it to the point where somebody else can enter and get their money out right that's why I'm okay um I'm okay working like my the old ultimate thing that I'm looking for is what 37 signals did they sold 10% of their business to Jeff Bezos and they just going to work there the rest of their life I would like to do that sell 10% of my business to somebody and then just let them quadruple their money over the the lifetime of me running the business and that's what I want but thank you everybody I I no one is coming to save you and um I hope that that I I do recommend you watch the debate yesterday because I think it was um it was enlightening how little they're doing for regular people so