How to Rock out in Real Estate - Tom & Nick Karadza

[00:00:00] And we felt that without real estate in our lives, we wouldn't be able to do that. So real estate was just a vehicle to help us financially live the way we wanted to live. That old Ziggler quote, you could have anything you want in life,

[00:00:10] you help enough other people get what they want in life. I owned two nightclubs in Miami. So when I threw in the towel for nightlife and hospitality, I said whatever it is I'm doing in my next industry, I'm coming right back down here.

[00:00:21] Because I love the way they move. When we started Rockstar, I was meditating daily to try to leave my corporate job. I had had enough in the corporate world. How do we turn real estate investing into a business where I think it could help us

[00:00:33] and we could help other people? It's Poppin everybody back here for another episode of What Would It Cost. Thank you again for giving us your time and tuning in. I'm here with a couple Rockstars, literally from Rockstar Real Estate.

[00:00:44] Nick and Tom, their brothers and they're absolutely taking the real estate industry by storm. And not only are they focused on being awesome at real estate and helping investors scale their portfolios and so much more, but they're just awesome at everything in life

[00:00:58] when it comes to personal development, AI, finding different marketplaces that are kicking a lot of butt and so much more. And feeling very grateful that you guys would give us the time

[00:01:08] today as we started the episode off saying you guys have a lot of moving parts and I'm sure this wasn't easy to do. But thank you for gracing us with your presence. Yeah, thanks Nick. Appreciate it man.

[00:01:19] So thank you very much for joining us today. I know you guys are busy busy, you got a lot of things going on, a lot of moving parts within your operation as it's obvious to see over the

[00:01:32] social media platforms. But it was a pleasure meeting you at the front. I felt some good energy from it right off the bat and still feeling it right now so really looking forward to this

[00:01:41] but just wanted to say grateful that you guys would take the time out to come and rip this potter with us today. Yeah, thanks Nick. I think since hearing your podcast and getting to know your backstory, we are completely impressed with what you've done so far before

[00:01:56] in your life with Spark Financial right now. I'm honored to be here. And we were just saying that we wanted everyone to know as they're listening to this that the good hair is on

[00:02:05] this side of the podcast. When you look at Nick and you look at us, you're deciding you can it's clear who is the good hair in this podcast. But no, thank you for having

[00:02:13] us man. It's an honor for real. Yeah, no doubt no doubt no problem at all our pleasure. So you guys have a lot of moving parts right and I was looking at a lot of your content

[00:02:23] been following you guys for a little bit now we were introduced through Matt Campoli who had nothing but amazing things to say and it all checked out and looking at you guys now is very inspirational

[00:02:34] as to what you have going on under that portfolio. But you know I want to start with the real estate piece right and then we could make our way on to you know more into the entrepreneurship

[00:02:44] side of things. I know you guys are big on AI. I love the fact that even though you're immersed in the real estate space you embrace other investment opportunities like the crypto piece

[00:02:54] which I think is super cool that you guys go on to talk about that and get behind it. Oh shit if you get him talking about it. You know it's an emerging market right because

[00:03:02] usually and not usually all the time it's if we're here to talk about real estate or or I'm with people that are focused in that business in that industry the conversation will

[00:03:11] never spin off into that piece. But we all you know we're all keeping our finger on the pulse we all have our ear to the ground we're watching what's going on and it's hard you know not to recognize

[00:03:21] that and give credit where it's doing get excited about it right as I've heard you specifically talk about. And I think it's because what we're all trying to do you know what you're

[00:03:28] trying to do with your clients what we're trying to do with people we work with we have this motto about your life your terms. We're really just trying to help people live their life on

[00:03:36] their terms real estate can be one aspect of it. Yeah but we also feel that if we can talk about other things that we feel are important that it will help our clients so maybe we're not going

[00:03:47] to profit from talking about Bitcoin and we're hardcore Bitcoiners. See Nick I'm here yeah I'm a hardcore Bitcoiner. You said the word crypto I still love you Nick where I'm a hardcore Bitcoiner there's a difference we don't even have to get into it right now but I'm

[00:03:58] hardcore Bitcoiner. But if we can introduce other things that we are doing ourselves and even if we're not profiting from it directly yeah we can if we can add value I think it's a bit of a

[00:04:09] business cheat code to get people to trust you even more. Yeah some of the some of the most some of the feedback we get some of the things we do that are not real estate oriented

[00:04:18] we get the most feedback about because people are looking for other stuff but we really look at real estate as like a means to an end so we're not like I know we're in real estate

[00:04:28] we got the brokerage we've worked with investors for a long time we're not all about real estate and real estate is the be on end all we don't even like I like real estate to serve me very well

[00:04:35] in my life but I don't if there was something else that could serve me just as well I will easily go there it's not about real estate it's about what does owning those assets how has it

[00:04:45] changed my life or what can it do for people to give them options in the future it's more about that than like you know the real estate investing world one thing that's always bugged

[00:04:54] me because it's so incestuous like well how many doors do you have oh I got 50 doors oh I only have five doors I want the guy that has 50 doors who the hell cares because if the guy has 50 doors

[00:05:03] is leveraged 120 percent I mean just a few weeks ago we saw you know there's headlines about something blowing up because they're way over leveraged and the guy that has five doors is like paid

[00:05:12] off yeah and he's just collecting the income stream I want the five doors so like it's just this this weird world and you know for us it's always been like real estate is a means to an end to

[00:05:22] be able to live life on your terms that's kind of the goal of everything and that's how we look at started from you know like leaving school like I went to university and I was told I got good marks

[00:05:30] in school I went through a little bit of a crazy time where you get a bit wild and do some stuff at the clubs and you know you have a bit of good time but overall I had good marks so I

[00:05:38] thought I did everything right I got good marks went to university and then I started working and I figured out after I got my salary and then I paid tax I could barely live the way I

[00:05:47] wanted to live and I felt like the whole time I had been lied to like I felt like I had been lied to through high school lied to through university and then just kind of dumped into the real world

[00:05:57] and then we got into real estate as Nick's saying as a vehicle that could financially propel you forward and have enough financial wealth built through real estate that you could kind of go

[00:06:07] on a trip to Miami or we enjoy going to Europe we have a place now in Croatia so go to Croatia and hang out there with the family in the summers like we could have the financial ability to do that

[00:06:17] and we felt that like without real estate in our lives we wouldn't be able to do that so real estate was just a vehicle to help us financially live the way we wanted to live if that makes

[00:06:27] sense so that's kind of we went down this path so we're a little bit weird in that we went into this real estate business with that as top of mind and not just like buying or selling properties

[00:06:38] yeah no that's awesome what a very very unique approach right and it's so refreshing though right like the your angle is just extremely refreshing because you're putting yourself in everyone else's shoes right not just the real estate industry and practice right and and you know saluting

[00:06:55] that and you're thinking what does everyone want to hear about what does everyone want to know about what does everyone want to you know dip their beak in right and find out about it and

[00:07:04] and I could totally level with you in regards to that's where a lot of the attention comes from right and that's where a lot of the conversation starts because a lot of people have educated

[00:07:13] themselves on the real estate piece right and even if they're not licensed and even if they're not practicing in the business they've learned a lot about it because it's been trending in pop culture because it's been the hot topic the last five ten years right and it's been

[00:07:26] something that everyone's just kind of good with on an overall that's investing their dollars right and wants to grow their net worth so it's cool that you know these emerging markets like the

[00:07:37] the bitcoin not crypto right love it is something that you'll know a lot about and be able to spark up a convo with right and an AI too I know you guys are big on that right and and

[00:07:47] streamlining your businesses and injecting in it injecting that technology and embracing the technology right it's it's not all the time right and by no means am I calling you guys old by no means right but it's just not by saying that you're gonna talk about your hair again

[00:08:05] you started it bro no that's just a number but you can't teach an old dog new tricks kind of vibe is why I use that word with and this this analogy is because you know you'll get scared of a new

[00:08:17] technology that'll come on right or you'll get scared of a new currency that that'll enter the market and and because of of the fear right you'll almost rebel it right and be a hater of it right

[00:08:30] and not embrace it actually do the polar opposite right but you guys have gotten with the trends and not only that you become the experts that are educating the youth on it in a big way that

[00:08:40] are talking about it that are saying no it's not just all focused on real estate which again is very refreshing I don't mean to sound repetitive there but I love love love the

[00:08:49] approach no but I think you're I think what you're you know tapping into there is that we've found that if you can ride a trend in your life I was in software for 10 years before real estate

[00:08:59] right and I luckily got into software in 1998 that's how old I am yeah and I wrote the software industry for about 10 years for about 10 years the software industry in that era from 98 to

[00:09:09] 2007 is when I quit to start Rockstar with Nick yeah you could do no wrong the salaries were high the opportunities were great so I really wrote that I was able to take income

[00:09:18] from there and buy rental properties so Nick and I started buying rental properties in the early 2000s right and then we wrote the low interest rate trend of the like you're saying the last 15

[00:09:28] years right interest rates dropped real estate took off yeah so the reason that we're looking at things like AI and Bitcoin we're trying to identify if those are the next great trends

[00:09:37] in all our lives right because if they are right and we can understand what role we can play how we can participate in those trends they can propel us forward faster absolutely and if we

[00:09:48] through our own education we're trying to share with other people almost to test our own hypothesis yeah like hey here's what we're thinking we'll put it out on social media in a podcast and then if

[00:09:57] Nick shoots back at us and maybe attacks us not in a bad way but throws us back something to think about it tests us so we can propel our thinking forward faster yeah if that makes sense 100%

[00:10:08] and you say it very you know just like passive well congratulations on your 20,000 followers on you say it very passively like it like it's easy to just throw it on instagram and on your podcast

[00:10:22] but even things like that right you guys having a rock star page of 20,000 followers in up right that's really really hard to do and you guys got awesome engagement on that page having your

[00:10:34] own podcast as well these are things that you don't have that platform to you know bounce this information off to to propel it forward stuff like that that's awesome you guys you guys are hitting

[00:10:44] it from all angles man you don't miss our we're lucky i'm not even on social media i go on twitter to look at stuff i took myself out social we have 20,000 followers right now you just told so imagine that right we're watching it daily scrolling

[00:11:08] my kids my kids google me i'm so happy you're telling me this is something my kids know a lot about you you're all over i'm like what what i didn't even i didn't even know

[00:11:17] or the team will show me the clips that are doing well i'm like oh i don't even know and look i had to and not because i'm an old guy i just found when i was on instagram

[00:11:23] i would go through it and i just you know i would spend 10 minutes on instagram and it might turn into 20 or 30 that's one problem and then other i was just getting off pissed off like why am i pissed

[00:11:33] off like nothing even pissed me off that i was looking at both slightly angry people so it doesn't take much to piss us off yeah so i was just obviously pissed and i'm like i got to get

[00:11:41] myself off this so i just literally took it off my phone like i just don't go on instagram unless the our team sends us something so we do so thanks for saying that we do all the

[00:11:50] content goes on it goes on there well you get pissed off because of some selling sunset vibe posts i don't even know what it is okay he goes to the gym six days a week we were just talking about

[00:12:01] how i don't do the reps properly i don't go to the gym as much as he goes you guys are both just talking about how i don't do reps properly he doesn't even go to the gym with me so i don't

[00:12:08] know how he knows secret camera somewhere and he's telling me that he doesn't i don't do reps properly he was getting angry these guys had these guys had a push-up competition him and two buddies

[00:12:17] and i'm like hey i saw that competition i don't think either one of you any one of any of you did one single push-up let you know they were all bro reps i'm like gotta do we're doing a competition

[00:12:25] they gotta do like i need someone else is doing bro reps and i do proper reps i'm gonna lose the competition everything bro reps i've got to do bro you know what i don't want to prop you earn

[00:12:34] my respect what's more important stuff working with your brother yeah yeah no no but yeah thank you for that and and uh our son helps us a lot with that and we have a great marketing team at

[00:12:45] rockstar so yeah what's kind of working on it and we recognize the value of marketing like we've recognized that marketing kind of makes the wheel turn in business right so we place place pretty

[00:12:54] high value on that stuff and i think what we we believed early on is that you know just you try to share information like you know to what you were saying before in certain with new

[00:13:04] technologies in certain industries when something new comes up that people look at as a threat sometimes they'll build walls and they just try to protect everything they have instead of embracing that new technology or being more open with it because nothing that we do

[00:13:17] in real estate investing like nothing's really changed some acronyms have changed you know like there's a birth strategy instead of refinancing the property like it's but nothing's really changed in decades but but everyone thought there was these big secrets and they were

[00:13:30] holding this information we're like well the world's changed information is out there they're going to get it social media whether it's youtube online articles why don't if we can and maybe some people like our information some people hate it but for those that might like it

[00:13:42] why don't we share the information and then if they want to maybe do business with us it works out and that's how we really grew the business because we believed in like let's just kind of help

[00:13:51] people and then it kind of snowballs from there yeah look at old zigzag quote you know about if you help enough people to get what they want in life you can have anything you want or you

[00:13:58] can have anything for us and it never hurt and it was old sales guy right but famous like sales you know author kind of presenter coach and it was it was what he said was you could have

[00:14:09] anything you want in life you help enough other people get what they want in life and it's just like kind of always stuck a you know stuck a cord with us right and that's

[00:14:17] why listening to your story nick in that podcast we were referring to it made us understand very quickly how successful you're going to be because the story of you going through the

[00:14:28] nightlife business and how you would help other people get you know I think you were trying to help them have the best night and you were doing certain things that type of mindset when you apply

[00:14:37] that to any business it's going to propel the business forward 100 so when we heard you speak like that and seeing how successful you were in that business and then now you're transitioning

[00:14:47] into this business it was obvious to us hey this is someone to pay attention to you because he's already doing great things and the next 10 years he's going to do amazing things because of that

[00:14:58] type of mindset like you're you're giving and maybe not everybody sees that I'm sure I'm sure you get that a lot yeah but it's quite obvious from the outside the way you operate and the

[00:15:07] principles that you live by so we're excited to see your next 10 years and it's cool yeah and it's the only reason we're here we never come and do podcasts you can't really get us together

[00:15:16] anymore and it's honest because we're slightly angry don't like you're angry at because we're don't like most people like you're a nice guy we don't really like most people but then hearing

[00:15:24] your story we're like okay this guy gets it we're totally coming on this podcast so it's a testament to you not that we're anything special I don't mean that I just mean we're not interested in going

[00:15:33] no no now we're not interested in doing that kind of stuff but uh yeah it's you're you're gonna uh yeah you're gonna do great things I just thought when I was listening to the egos I'm like I just

[00:15:42] pictured you it was like I saw this guy's in the middle of the club running around I know there's some people waiting at the door saying where's Nick he promised to get me and why

[00:15:48] the hell am I not in the club yet where's my booth and this guy's freaking out you're like some of them you're like this guy's cool some of them are like this guy's an asshole why do I have to deal

[00:15:55] with this but you put on that smile and you went and did it anyways right yeah yeah that's an interesting world man yeah thank you so much for the words too it means a lot coming from

[00:16:03] guys like yourselves right who are so successful and have you know just again such a cool approach and and I feel the energy man you guys are amazing so thank you that means the world to me

[00:16:13] yeah no problem I appreciate it and the so now looking at you know the social media platform and you guys having the podcast and you guys having aware a very diverse way of you know

[00:16:25] approaching the real estate real estate industry the Toronto market right is it something I've seen you guys do some work out in Florida right and you guys take a crew out in Florida there right we just started touring properties in Florida like nobody's done that from Toronto

[00:16:42] and I when I seen that and you guys shooting some content in and around it to go check out these different properties right and have the investors no I know I know I know me

[00:16:54] have the investors understand you know like what what's going on in this market like for me that's massive too because you're not just staying within the area that you can call home and that's your own backyard you're venturing out and you're going to look on to other market

[00:17:10] places that could provide these investors a better cap rate that could provide these investors you know better equity appreciation as the years go on that you know is is a solution for what we're

[00:17:21] finding to be you know a really big problem in this market right the product here in a big big way the juice is worth the squeeze in other markets a lot more than it is here so

[00:17:32] yeah let's talk to talk to us a little bit about that how you'll go that far into these other markets to bring good product for your investors and again to go back on your point that's you really looking

[00:17:43] out for them and having their back right because it's easy to sell what we have here and what we know but is it the right thing you know based on where the market's at yeah I think

[00:17:54] the market here has changed a lot for sure so we were we wanted to look elsewhere we've always had demand to look elsewhere and one of our big things was just look at it's more about the team

[00:18:04] and having the team there and now that we've have that we felt more comfortable going down there because you know over the years we've seen tons of people investing in different parts of the

[00:18:12] US and a lot of them will get burned because they're just looking at numbers but it almost more important than the numbers on a property is what's going to be done with that property

[00:18:23] or who's the team managing and taking care of it for you and I think that's what kind of made us more comfortable going down there you know and a lot of this market's changed a lot you know

[00:18:35] and interest rates have made it harder we still see some good opportunities with the right types of properties but it's not like the days when you know everyone was just throwing darts you

[00:18:44] could buy a property refinance at six months later in pocket 50 grand like it's not like that anymore but I think one thing that we've seen a growing trend of as well is there was a number

[00:18:54] of investors that wanted alternatives outside of the country because they're getting a little bit discouraged with where Canada is so they're like hey I want to take some way capital and I want to start building some options outside of Canada and that's probably more of a driving

[00:19:10] force than people think like it's not you know that I would say it's probably more of a driving force than just like the numbers on the properties that we're seeing today because more people are

[00:19:17] like hey I want it I want assets other places because if I want to pull the plug on Canada for whatever reason because I don't like the direction it's going I want some other options set up for

[00:19:25] myself absolutely and you guys providing that and having feet on the ground down there and really going hard with it is awesome and I think it's because we're looking at a few for ourselves right we're like we want some us dollar exposure if you're a Canadian that's building

[00:19:39] up some net worth you want exposure to another currency that doesn't lose its value as much as the Canadian dollar you know we looked at some of the Canadian money supply so M2 is the Canadian

[00:19:49] money supply that's kind of broadly reported and Canada will create much more money every year new currency units every year than the US so our dollar loses value faster than the American dollar so if I'm just smart with money and my net worth and everything I have is

[00:20:06] denominated in Canadian dollars I might want to start getting some exposure to US dollars right so your point is completely accurate like there's opportunities are changing you know Ontario and Canada it's always you know changing and there are some great opportunities

[00:20:20] in Florida but it's also in US dollars yeah so we're getting some exposure to the US dollar down there and that's pretty meaningful as well yeah so it's kind of like the team the property

[00:20:29] we finally found somebody who we really trust like Nick saying um so the team is great down there the properties are great that we're they're dealing with the eviction process is great the eviction process free it's not six months six or seven months favorable to the investor yes

[00:20:43] favorable to the investor right you feel like you're not so handcuffed yeah and even ours is you know if they could ever fix this backlog like anything I get jaded I get you know I'm

[00:20:53] angry apparently but because I'm like I got pissed because everything the government touches they told to screw up so we have this big backlog at the LTB right and then so like even if someone

[00:21:03] should be evicted for and they would normally be under our normal process there's this backlog that they can't fix at six seven months it's kind of ridiculous you know it's kind of it's actually

[00:21:11] comical at this point when we told them down there our process and where it's at because the backlogs they literally like they were like that like blown away shocked and started laughing

[00:21:19] at us yeah in Florida it's 45 days hard stop they could get somebody out yeah and you know to us that's just kind of completely shocking yeah and the cash for keys down there was $200

[00:21:30] so if anyone's not familiar with that you know a lot of landlords will offer cash to get a tenant out of their property and here in Ontario it can be people get offered quite high amounts to get

[00:21:39] somebody out of their property but down there because they know it's a 45 day hard stop they're giving $200 as on a cash for keys situation to a tenant the tenant will leave because the

[00:21:48] tenant knows after 45 days they're likely going to get out anyway so you know it just for all these reasons at least warrant some investigation absolutely and I know you guys are doing you you're going down to Florida and you have connections down there you're two operating

[00:22:01] brokerages there oh you do so sorry guys through offices yeah oh awesome yeah we're in lauderdale oh cool two there and I owned two night clubs in Miami in that woodwood walls yeah so that's when

[00:22:12] I became familiar with the market and I absolutely fell in love with it so when I threw in the towel for nightlife in hospitality I said whatever it is I'm doing in my next industry

[00:22:22] I'm coming right back down here right because I love the way they move man it's awesome yeah and just just the sunshine outside it's a great place oh so that's cool I

[00:22:31] didn't I didn't realize that that's awesome yeah so that's going to be continue to be a big part of your future massive massive yeah I believe in the growth I love that state the tax laws are awesome

[00:22:40] right the density is there right and like you said the action like I mean if you're in business like there's just action there there's all sorts of stuff going on yeah you know so it's just

[00:22:49] it's just a different well I mean they're I don't know the size of the Florida economy I'd be interested it's probably not that different than the Canadian economy population is 22 mil yeah so I would it

[00:22:58] with 37 as a country here they're 22 mil yeah so they're dense man it's whatever you want to do down there is 10x right and then you go down with like that good old you know Canadian mindset

[00:23:09] in regards to you know us having that hustle and bustle on the entrepreneurial side of things they look at us like we got 80 HD down there they're like chill man like don't worry right

[00:23:17] because we got to grind so much over here we gotta make a buck they're just like they're all making money there and they're doing they're getting their sunshine make me look bad you're

[00:23:27] making me look bad yeah they're kind of like relax man you know but it works is what I'm saying right and then to go to your point like some of the things that I tell them about you know what

[00:23:36] our cap rates here what the tax laws are what happens with the capital gains side of things they look at me like I'm lying like what the hell would you be doing business for then right

[00:23:46] and you know that's where it's it's just two different worlds so whenever we're whenever on the plane ride back we're just we feel like you know refreshed you know and we feel like whoa we got

[00:23:58] to get back out there we got to keep you know pushing the buck forward on those operations because the juices weren't to squeeze so much and I just think it's another big trend like we

[00:24:06] were talking about earlier like just at the gym I was talking to an 18 year old who listens to some different real estate podcasts and he was mentioning that he wants to get down into

[00:24:14] the US so like there's a young generation in Canada yeah like yourself and even younger yeah and if I look at my son like Aiden talks about it too yeah like hey you know what maybe

[00:24:24] I'll end up down in Florida doing some stuff and when we were growing up you didn't really hear that quite as often it was more just people going to retire had a vacation property go to

[00:24:33] Disney World maybe if you were lucky but now you're actively hearing people say hey you know I want to be down there you're already ahead of the curve you're setting up offices

[00:24:41] down there I mean to me that's a trend so good for you so why do you guys think that is though do you think it's because people are able to see more stuff now via social media and that

[00:24:50] type of thing so they see some sort of lifestyle that like well the sun looks better than the clouds or the snow right or is it because there's not opportunity here like what is driving

[00:24:59] that if we if you see that as a growing trend or if you you know you're looking at more doing more stuff down there what's driving that is it is it Canada in the perception

[00:25:08] of Canada in the decline or is it just just easier access to seeing other opportunities elsewhere now loaded loaded question yeah a lot of contributing factors I think a lot of people have lost faith

[00:25:18] in our government here tax laws are wild seasonal depression is real thing yeah yeah the way the boys buggy down there and the amount of money that's down there there's room for

[00:25:28] growth exponentially you know and in a lot of ways not to say that it there isn't here but they're just they're big big thinkers down there and there's a lot more money there

[00:25:39] there's so many things that are sexy but yes the beach is the sun Miami is the most vibrant you know nightlife culture arguably worldwide whenever you have a lot of you know AAA celebrities that are living there and that are frequenting there on their vacations and whatnot then

[00:25:55] the whole globe tends to look into it so a lot of foreign money coming in from Dubai in other places this is great to know I like to read a book it's popping I'm just gonna tell people

[00:26:05] I know the clubs no but I know Nick and he tells me these clubs you're crazy but I'm gonna read my book on the beach I go to bed at 9 p.m when you're when you're in Miami I can hang with you till

[00:26:14] 12 no problem after that I'm gonna sleep Nick tell me yeah take a picture have some fun maybe don't take a picture but um yeah and this this young guy what he said was um the cost of houses

[00:26:27] he's like you know for $400,000 I can really get a beautiful home in Florida this guy he was 18 and this is what he's sharing so I think some of that is they're just looking at the price

[00:26:37] cost of entry in Orlando if you look at me when we got married when Carol and I got married we first lived with my father for a little bit to save save some money then we bought our first

[00:26:46] mat at me home four bedroom two car garage in mississauga for $268,000 I thought it was a ripoff for me I didn't even want to buy it Carol's like we have to move out of your your father's home I'm

[00:26:56] like really this is a great gig you know we're not paying too much we can save she's like we're moving and I'm like okay yes you know we're we're moving and I signed the papers I remember

[00:27:05] thinking I got ripped off I think I even told the sales guy some guys got to buy at the top of the market might as well be me yeah I'm saying papers at $268,000 because my friends

[00:27:15] just bought one for 225 like you know a year before 268 wow and so just times are so different right and I think florida's kind of presenting that for the younger generation they can go down

[00:27:26] there get a property and kind of build a life off it yeah because cost of entry is crazy now with these assets averaging out at what they are right $700,000 for the GTA right and that's cheap

[00:27:35] cheap cheap right you guys are liking this episode please don't forget to like and subscribe we'd really appreciate it and the reason here it's so hard to get ahead we just ran these numbers the compound annual growth rate of Toronto real estate from the year 2000 to 2023 is 7% compounded

[00:27:50] annually but the money supply in this country grows at exactly 7% compounded from the year 2000 as well so what that means is if anyone's making money here their money is getting devalued at 7% a year they can't get ahead yeah so you you can't really afford to get anything because

[00:28:09] if you're losing 7% a year if your income isn't going up 7% a year you're not even keeping even yeah with the game yeah you have to have your net worth or income go up 10 15% right to have any

[00:28:22] meaningful financial gains when everything is getting devalued at 7% a year right so it's kind of you know and I didn't mean to go into M2 money supply I love no no this is good

[00:28:32] this is good that is such a big point right yeah it's gonna look like you don't even realize it's happening right and that's what hurts you chewing away your net worth right so it's a big

[00:28:41] point it's like people are working hard but they're running on a treadmill yeah you know you're you see the numbers on your financial statement or net worth going up but if you're not outpacing

[00:28:49] that 7% the basement a year you're not getting ahead absolutely and where it like you're right that it diminishes your net worth but what kind of takes me off about it as well is that

[00:28:58] people don't talk about is if you look at what's happening to the middle class and how it's being hollowed out this is the reason but no one will go back and talk about this they'll

[00:29:06] just talk about some sort of government program or maybe greedy investors or something but like if you really go back if someone is like you know trying to save up for a house and they're growing up in

[00:29:16] some apartment someplace in Toronto they're busting their ass and they're working two or three jobs and they're trying to save up money but they they can't the assets are being outstripped the price tag on the assets is being outstripped because of the M2 money supply

[00:29:29] that no matter what they save up they can't get further ahead so it's keeping people down and if you even if you look in the middle class if you take go back go back 10 years think of a

[00:29:39] thousand people in a room 500 owned assets 500 didn't own any assets same income who finishes for their head the 500 with assets they end up going up the 500 without go down as the

[00:29:50] middle class gets wiped out so like a lot of the problems in what the way people are looking at Canada they're getting a little bit frustrated with you know the government and certain

[00:29:58] laws tax laws they need more taxes because they're irresponsible spending and you know it comes back to this and I think it's causing bigger problems that people aren't talking about and I think that's

[00:30:08] where I'm like what the hell why does no one why isn't this being spoken about a little bit and Nick we're telling all investors get ready like you point well so well put together yeah you're getting investors are getting vilified recently and we tell all our clients everyone

[00:30:22] we work with get ready it's going to get worse because as you own assets you're going to be blamed for real estate prices in this country but if you think about and take a step back

[00:30:31] why does anybody go into real estate anyone people go into real estate because everyone's accepted real estate goes up in value more than their income or their ability to save so because of the financial system and the way it's structured people are forced to become

[00:30:45] real estate investors yeah nobody really wants to fix toilets and deal with tenants and deal with the banks and qualify for all this stuff right but you're kind of forced into

[00:30:52] it then the media will vilify you for going into something that you didn't even want to go into you're just going into that for yourself and your family's financial yeah so it's just kind of like

[00:31:03] this weird situation so I really think going forward the quality of somebody's financial future will be highly determined by the quality of the assets that they earn that they own sorry absolutely so their properties and it's why I talk about bitcoin sometimes as well I feel

[00:31:16] like that fits into that structure as well sure yeah no absolutely and so well said I love the way that you guys put that all together and you know these people are hard workers they're

[00:31:26] smart they got it they're educated right like they're following the rules right they gotta do and they can't make ends mean right just because of those simple numbers right there and and and to go to

[00:31:36] your point it's not being talked about they're not putting that in spotlight they're not you know stressing it because it just doesn't go to the beat of their drum right doesn't work for them so

[00:31:46] I like that word vilified yeah I was going to ask what does that mean man well you know I get it I get it in the context yeah very cool and other than you guys being rock stars and and rocking out

[00:31:56] in the real estate business in so many other areas in life you guys keep in very good shape you're swagged out you dress cool you're cool guys we're all talk to me talk to the crowd a

[00:32:07] little bit about you know personal development and how you stay in tip-top shape and have it be that also and there's a firing in you guys got some cool jays on the feet with some matching swag

[00:32:17] for it so yeah what tell us a little bit about yourselves personally on that end I think we grew up like our we just grew up I was gonna tell our mom story our mom all our friends went to camp or

[00:32:27] whatever you know people in Canada did when we were young they would go to these awesome camps in Muskoka and stuff that seemed cool wait you wait to hear where we went but we went like

[00:32:35] our parents are both immigrants to this country right our mother Scottish and our father's Croatian and our mother decided to take us to a meditation camp at the Toronto Central Library when I was like

[00:32:45] 13 and he was eight so people would come back from school and say like oh like where did you go Disney World or like camp or soccer camp or something and we're like no we went to meditation camp

[00:32:57] I remember I remember I was eight but I remember the room that I was sitting in still to this day and you know what though it's hard to prove a point now April so it's taught us though the weird part is like no dress shoes

[00:33:14] but it taught us to like have quiet time to yourself and to visualize what you wanted in your future it taught us to like you know you could create your own life you could craft and design your life

[00:33:25] as you wanted and it led us on this path of just always being involved in personal development like I had the Tony Robbins personal power 2 CD set playing in my car for probably four or five

[00:33:35] years just over and over and over yeah yeah did you yeah the power within yeah yeah so that's yeah so that just kind of led us down to this path of personal development that we've always just

[00:33:47] realized oh the more we invest in ourselves the more our lives seem to reflect the lives we really want to live that's amazing man and you guys are hardwired that way yeah hard from a young age

[00:33:58] kind of believed in that amazing man yeah it's funny you say Tony Robbins I remember coming home shut up mom and yeah yeah I remember those old members of big speakers and I guess the what was

[00:34:08] the 90s or early 2000s you know they're like big tall speakers with two big subs in it those types of things that we have one of those stereo systems in the house I would come home and do you know what

[00:34:16] was blaring on it Tony Robbins personal power so I'd walk in after school and our mom's like cleaning or something just cranking Tony Robbins so we walk in listening to that so the priming

[00:34:26] yeah yeah yeah priming yeah that's amazing yeah and that's so awesome yeah and then that led just after university being frustrated not being able to get ahead financially I just started reading personal development books and then it was just turned into like hundreds just book after book

[00:34:42] after book I'm like how does life work how do you set goals like how does this all work why did I go to school and I'm kind of frustrated with myself and my life and everything sucks you know I

[00:34:54] felt like I had wasted my life going to university working a job that I was having nightmares about I would wake up at my wife but it was my girlfriend at the time at her house like from falling asleep

[00:35:03] and just be like sweats and that led me back down the deep kind of rabbit hole of personal development wow and then into real estate and that's when both of us it kind of transitioned

[00:35:13] from a personal development into hey you want to buy some rental properties together because I don't know if we told you this Nick our family almost lost everything in the early 90s

[00:35:21] in real estate because our father had a drywall company and I listened to it on the podcast did you hear that okay so it was on a podcast yeah so yeah we but no talk talk to the sorry our father

[00:35:31] was flipping properties making more money off flipping some properties in mississauga than from his drywall company and then in 1990 interest rates went up really high and he sold two pre-construction homes just north of square one in mississauga and made some good

[00:35:43] money but when interest rates moved he had a 4400 square foot three car garage house he bought for 750,000 on assignment out of the trailer the sales office was a trailer in a parking on a gravel

[00:35:56] parking lot some guy walks out he that bought the home my dad bought that paper from him you could do that back then you could assign it on the spot after you bought it back then this

[00:36:06] is when some rules changed that $750,000 home went down to 450,000 in value four months later and that was with 300 not 300 guys not a lot of money now but but back then it was it was a

[00:36:17] lot more money right we are that yeah on our parents like they you know i didn't know where we're going to talk about this but i think that was the final straw for our parents to separate

[00:36:26] at that moment and then just through that we learned real estate's tricky you know like be careful yeah like a real estate can get you ahead financially like we've been talking yeah don't over leverage yourself yeah turtle wins the race yeah you know everyone we've met in life

[00:36:44] when they get to a financial point it's that they are proud of they usually took the long hard slow path no though you know and that kind of despite an investing for speculation too right

[00:36:55] and we which we see now because we had all these years where you could buy like we're saying before you could buy anything to make money but you know we saw with our family when you're just investing

[00:37:02] for speculation you're investing in a higher end home can't rent it out after for cash flow like there's you know they're losing a thousand dollars a month back they are renting it out

[00:37:10] so you can't read it out where is it so we just learned that lesson that you know the rental numbers matter because then even if the underlying asset value goes up or down

[00:37:18] well if it goes down like you're not happy about it but if you can if you're equal or positive cash flow well you can hold on to the asset for a little bit and you know but through inflation thing the asset value ultimately goes up just because

[00:37:29] we're in disinflationary environment so we're just you know we looked at that and we're just like there was a lot of lessons there so i guess our parents are in some ways

[00:37:36] that hardship for our parents served us in being able to do what we've done you know because we were able to take those lessons so i don't know if we're answering your personal development question

[00:37:43] yeah yeah no i'm very cool that's awesome yeah yeah yeah no i went to uh the where the you know how everyone's got a defining point in their life and i remember you shared something

[00:37:52] that you went through there you know you went through something i was downtown at the government not at the government the drink actually right yeah so i was at the drink with some

[00:38:01] friends we were leaving i guess i was what early 20s probably at that time maybe 2019 20 and i would we were leaving the club and someone my a buddy of mine kicked an empty water bottle

[00:38:13] and it rolled and hit a guy that was sitting on the curb hit his foot so he got up and wanted to fight so i stepped in he was this guy was a small guy stepped in like guys we've had a

[00:38:20] good night this is probably one ever two one two in the morning i don't know whatever time it was oh my guys we've had a good night like let's you know like who cares let's just leave

[00:38:28] i don't remember what happened apparently i got sucker punched from the side because i was like i guess i kind of lost caught like i was out for a few seconds i don't remember

[00:38:35] but i do remember turning around and we were kind of like running down the street i'm like screw this i'm not running away from anyone i'm like i'm this guy's done i stop and turn

[00:38:43] around there's a group of like 20 guys following me you're chasing us down the street and i'm like i'm sprinting over like fuck that i'm running so we're so we're like three i think

[00:38:55] three of us and oh yeah because in that environment like i would have been stomped on the ground and god knows right yeah anyways uh i was in bad shape my i got my jaw got broken i'd get

[00:39:05] that you know like fix operation all that type of stuff and i'm like man in the next morning by the way he woke me up and said tom can you take me to the dentist i think i have a loose tooth

[00:39:14] we go to the dentist the only place open on sunday we could find was up to 400 here and we get in there and the lady comes out i'll never forget she goes we've already called

[00:39:21] the hospital your brother has a broken jaw they're waiting for you in emergency take him there right now we drove him and they came out and remember the surgeon said we have a spot on the

[00:39:30] surgeon our surgery table right now holy we can reset your jaw wire it shut for six weeks but you got to tell us right now do you remember yeah yeah so my wire is jaw shut all right do it holy

[00:39:41] and then i was going to i called our parents hey just wanted to give you an update on your son yeah it's on the offering so wow so then i'm sitting on the bus going back and forth to college at

[00:39:51] the time is one hour and a half each way because i had wrote i wrote off my car i had an accurate integra that's right that i wrote off on the on the qe w i spun around three lanes during rush

[00:40:01] hour bounced off the guardrail three times kept spinning somehow didn't hit any other cars and ended up on the shoulder so i was okay yeah like another little miracle right so then i'm

[00:40:12] sitting on this bus after a few months after these things happen to me and i'm like and you have a lot of time hour and a half each way and i'm just thinking about things

[00:40:20] and i'm just like man you're this is like it's like the people on the right you know like why am i in this situation like why am i and i just had to change going back to the mindset stuff

[00:40:29] is like that's when i was like i'm better than this i need to change and i had to change some things in my personal life i had to change who i was and it just everything from that moment on

[00:40:40] my life was got better everything like that was the defining moment you know what i mean it was just so weird it was i just remembered those times on the bus and i'm like fuck man this isn't me

[00:40:49] i'm better than this i got it i got to move forward from here and uh yeah and then it was all you know then it was all uphill from the you need those moments right yeah he's right yeah he hit

[00:40:58] that wall and what are some of the just for the audience what are some of the very first things that you did that you implemented that really made that that massive shift

[00:41:07] i had recently started going to the gym well i had recently started so there are lots of stories but anyways i uh went to catholic school so catholic school at the end was like half great 12

[00:41:17] like half spare half religion like for the semester yeah so i had spare and then i said well i'm gonna go to religion screw that like forget it like you know i like spare more than religion

[00:41:26] so i just never went and uh then i was half short of graduating so i needed a summer school course this is the same summer i wrote off my car but so i found by the way it was getting 90s

[00:41:45] but um so i was like sure i guess i did the math rock so i found the easiest course and so there was a summer school grade 10 equivalent course weightlifting like perfect i'll take that to

[00:41:54] graduate so i just started working out but then when that happened is when i doubled down because that's when my health started getting better and that's when i started going to first it

[00:42:01] was a gold for many years i was just doing like bodybuilding regular kind of gold gym stuff that type of thing and it was it started changing it changed everything changed my mentality it changed

[00:42:11] my energy changed my immune system like i was i'm like i'm hooked right like if depending on my schedule like i will rework my gym schedule around my schedule to make sure i hit it and then

[00:42:22] i guess maybe 10 years ago or so i started down the crossfit world because i just needed something else and then i've been i've been kind of hitting that pretty hard and then i have to

[00:42:30] credit him he dragged me in i had some health problems my stomach was bugging me when i turned 40 and he just said hey you don't go to the gym you don't i had it like i was kind of skinny fat

[00:42:39] i guess like i had a bit of a gut didn't go to the gym wasn't eating right and he corrected me he's like hey just come into the gym start moving some weights i think i deadlifted

[00:42:48] that first day 75 pounds and my back kind of seized up and i remember going oh nick like my back is seizing up and he looked at how much weight was on the bar and he said you don't tell

[00:42:58] anybody that your back just seized up and i didn't know like i didn't know like oh this is like you know i don't know it's not a lot of weight or whatever you know he was just so embarrassed for

[00:43:08] me and i was saying oh my gosh i can't move anyway yeah so it was exercise and diet but you dare yeah yeah you don't dare tell me so then i was like stuck in an awkward position and i

[00:43:18] couldn't do another rep and the trainers were looking at me i'm like i don't know what's going on get me out of here but i credit him and then he pulled me into the to the and the diet so you

[00:43:26] changed your diet and i changed my diet right and i don't go nearly as much as him but i have to thank him little brother helped me out big time yeah nice um the spiritual side of things you guys

[00:43:38] tapped in he has do some work on that end higher power i don't do too much i i'm more i'm more i guess from our mom and like energy and spiritual side of stuff yeah i'm more along

[00:43:52] those lines so yeah you know for for if you have to picture something like the avatar movie where everyone kind of sinks into like the like the world and there's energy and that yeah i i

[00:44:01] believe in all that stuff and i'm i'm like i i feel like karma is a real thing you know like i believe in all that stuff when it comes to like the spiritual side of stuff or like a specific

[00:44:11] religion or something it's not my it's not my cup of tea exactly but on the spiritual side and just around the energy side of stuff yeah that's that's i'm more not that i do deep work on

[00:44:24] that type of stuff but that's where my mind goes when i think that type of thing nice that's awesome when we started rockstar i was i was meditating daily to try to leave my corporate job i couldn't

[00:44:35] figure out how to leave my corporate job because i was going to punch people in the head like i had had enough in the corporate world um and i was meditating and visualizing daily on how to

[00:44:46] start my own business and so every morning before my family would get up i'd get up early meditate journal and try to come up with this idea of like how do we turn real estate investing into a

[00:44:57] business where i think it could help us and we could help other people so for me quiet time alone in the morning is really where i personally do my best planning and try to kind of craft my

[00:45:08] life yeah and whenever i get away whenever life is not treating me the way i think i or whenever i'm not where i'm whenever i'm a bit incongruent yeah i always try to go back there like wake up in the

[00:45:19] mornings have quiet time to myself just think about my life try to plan write some notes visualize things it just kind of resets me very cool so from a spiritual side that's and i

[00:45:30] think that comes from our from our mom and that kind of stuff but uh yeah it's pretty important nice that's special man and uh i wanted to ask you guys because you guys really know what you're

[00:45:41] talking about on the everything all across the world but the ai space as well right i've watched a lot of your stuff that has to do with that and how you've i know it's a loaded

[00:45:51] question right but how you've leveraged the technology right and and embraced it and had it be that it helps your business out right and what you have to say to the young entrepreneurs

[00:46:02] and audience watching in in regards to maybe even where to just get started with it all right and how to understand it i think i think some of the productivity so the way we're using some of it

[00:46:12] right now so the way we do some podcast editing for some clips the way it would work is someone would have to listen to the podcast for an hour write down notes and kind of clip it all up

[00:46:23] but now we can take a 60 minute podcast feed it to ai and ai will listen to it and cut the clips for us in about 10 minutes so we will listen to a 60 minute podcast and listen to the whole

[00:46:37] thing in 10 minutes and cut the clips and give us the clips back so what used to take somebody an hour just listening and then do the clip cutting you know as matt here knows it takes forever

[00:46:48] and but i but i really think where the where so the productivity gains i uh that we're all going to get going forward are going to continue to be incredible and blow our minds but where i

[00:46:58] really think in business that really is going to define people is that if you're a smart marketer nick like you are and you understand what to do with the content you're going to be able to leverage

[00:47:08] ai to enhance your productivity so far so fast that the difference between people at the top of their game and the second place and third place people is going to spread really wide because

[00:47:18] you still need to understand the principles like when we talk about business real estate and marketing we always break it down to three categories that most people play at the tactics level i'm sure you saw this before in the nightclub business but there's principles in business

[00:47:31] there's principles in marketing and there's strategies how are you implementing the principles and then there's tactics what you do on instagram what you do on tiktok what you do with podcasting whereas most people just run around playing with the tactics they see everybody doing something

[00:47:45] on instagram they see everybody doing something in podcasting they try to copy that but they have no big strategy and they don't understand the principles at work it would be like before in your nightclub game you were playing at a principle level you knew the relationships

[00:47:57] mattered you knew the long you were playing the long term holy then you had a strategy for implementing the long term i'm never freaking gonna get this freaking billboard this guy has off some highway

[00:48:06] somewhere i want to find it because i want to put i want to put sign up there for rockstar but but you were you had a strategy you were implementing but everybody else around you

[00:48:14] whether you consciously knew it or not i think you were conscious of it they were just doing tactics they were like oh the next big club is this club over here let's hype this club up

[00:48:21] we'll get some people out to it you had a longer game so with ai what i think is going to happen is a lot of people will get distracted with like oh look what ai can do for me really quickly

[00:48:31] but it's still in everyone's best interest to understand at a deep level real estate money marketing business and then if you understand it at a deep level and then you take these ai tools

[00:48:42] the world is yours so i think that's kind of how we're looking at understanding at the principle level no one and know it and then use it for its its tactics correct everyone's running around and be

[00:48:52] able to scale and and really the outlay on content just have it be that the net is cast very wide by leveraging and love that yeah love that yeah very cool love that that's a good this there's

[00:49:06] a good starting place guys these guys know a lot more about it but beautifully said right i know i threw that question at you and uh business was built on um we really started we didn't have any

[00:49:19] internet presence we had a tech background right but then what we were able to do is take that tech background we understood marketing and then we took that marketing put it online before anyone

[00:49:28] was doing email marketing and content marketing and and building email lists you know this was before social media and we built the business it it it really helped us because we were able to

[00:49:38] add that onto the principles that we already understood it helped us be able to build the business online before anyone was able to do that so just like anyone that's looking at ai now if you

[00:49:47] understand the principles you can then use whatever technology you have well while other people are running from it because they're scared it's going to take their jobs or whatever the case might be

[00:49:56] you can use it to do whatever you want to do just you have to under if you're only running around playing with tactics ai is a threat right because it's going to take the tactics away

[00:50:07] right but if you understand the hire if you spend the time to actually gain real knowledge ai is a benefit to you and it's a competitive advantage that 80 of other people aren't even

[00:50:16] going to have access to yeah that it's cool the way you put it instead of it having it be something that you fear and and and feel as a threat for your job have it have it actually have

[00:50:29] you keep your job from that perspective and do really good at your job too right that's awesome that's awesome you guys got a lot going on but what's new in the mix what's brewing

[00:50:43] what is the next five years look like for you guys what is it that we need to know over here and what the rock stars are up to i think no go ahead i was i was gonna make a joke that i

[00:50:53] probably shouldn't make really you shouldn't make that a joke at all i i think uh the next things to us i i really think we want to just as you're into florida already we want to develop

[00:51:05] some more in florida yeah so that's gonna come for us yeah um and uh we just want to keep working with good people so we want to let the growth happen organically we're going to do a few other

[00:51:17] little things this is little tactical things but we're going to announce a rock star cruise out of florida next year that we haven't announced anywhere yet so we're going to announce that soon that's awesome rock star cruise with some some clients have been asking this for a long

[00:51:30] time sick yeah we've always uh we've always said no we need some of his old expertise to help me yeah like i said i'm gonna go to my clock so we're you know we're gonna this is gonna be a

[00:51:40] reading we'll call it a reading course i'm joking um but yeah we we uh we'll do that next year um but uh i think just more of the same heads down help people meet them where they're at

[00:51:51] kind of lead with education um yeah i think what's coming down the pipe more of is i think more people are going to open their eyes that we're really getting rug pulled on the way our financial

[00:52:02] system set up and i think more people are going to realize that they're getting screwed and i think more people are going to be looking for help and i don't think it's i think there's going to be

[00:52:11] other opportunities outside of just real estate and maybe there's more stuff that we're doing in the bitcoin space or maybe it is more in the ai space i don't know what it is you know ai

[00:52:19] doesn't fall into the more maybe not necessarily the money supply side of things but it's it's looking for ways to continuously outpace that debasement that's happening and really holding us all back right i think that's that's the biggest thing because one thing that you know we've shared

[00:52:37] we we've shared that our dad was in you know how did his construction business our dad used to bring home a decent amount of money right sole income um our mom worked part-time for his business but

[00:52:47] you know we would go to we would went to florida on trips as a kid and we had a house in miss asaga and there was two cars in the family like middle-class life like we we didn't grow up poor or

[00:52:56] anything it was good and in today's world you can't do that off that one when it doesn't work and our dad's savings that he saved back then what are they worth today so our dad's now 83 so if

[00:53:09] he retired call it 20 years ago and he had a hundred thousand dollars of savings what does that hundred thousand dollars do for him today it does a fraction of what it used to do

[00:53:18] so i think this is where the world's headed more and more and i think there's more and more people are going to open their eyes and say hey why why are you robbing the value that i my

[00:53:29] parents brought into this world you're robbing that value or the value that you're bringing into this world if you create excess value and then you have savings you should be able to put

[00:53:37] that someplace that that is able to um support those savings and keep the value keep the value of those savings right so and i so i really think more people are going to open their eyes

[00:53:47] to that and i think that you know because you know legacy media is just it's just fragmented and dying and there's more people talking about it it'll just that narrative is going to change and i think

[00:53:58] there's going to be some exciting times for all of us because i think there's going to be different groups in different areas and it's going to be florida it's going to be here it's going to be in other countries where there's opportunity for things for people that are

[00:54:10] like-minded and get together and do stuff because the world is turning into that i don't want to say tribal in a bad way where there's these communities of people that you know you get

[00:54:18] together and you can work with that you like and build those communities doing stuff cross borders yeah and i think that's going to be i think that's going to be cool so like i know it's opaque and

[00:54:25] i don't know exactly where that goes but i think because things are changing so fast that's the opportunities that we're looking at and seeing where can we fit in in that changing environment in that changing world you know what the good guys are finding each other

[00:54:40] we're finding each other and we're hooking up right and uh we're having fun yeah we're going to bring on more people and turn them into good guys yeah totally right done well thank you guys for

[00:54:51] tuning in to another episode of what would it cost had lots of fun here with nick and tom from rockstar real estate and tell them guys where they could find you and where they could follow along your awesome journey thanks nick i guess these places just rockstarintercircle.com

[00:55:06] that website will have links to our podcast and our videos and all that kind of stuff so rockstarintercircle.com that's it yeah right on and they were very casual about the fact that they just hit 20 000 followers on instagram actually nick didn't even know right so

[00:55:20] congratulations on that boys not easy to do thanks and uh yeah thank you guys for tuning in please don't forget to like and subscribe and i'll see you again next week