Dan Fleyshman
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Appearances Over Time
Podcast Appearances
So as you go from 300 million to 340 to 400 to 500, is there a number in your head that you're like, okay, this is my goal number or does the goalpost always move?
So as you go from 300 million to 340 to 400 to 500, is there a number in your head that you're like, okay, this is my goal number or does the goalpost always move?
So let's picture this. It's your 50th birthday. $1 billion gets wired in for the big acquisition for 80% of your company. You get to keep 20% because they want to give you what's called golden handcuffs. They want to keep you on. They need you for the next couple of years. What do you do the next day after $1 billion shows up on the Monday morning? What do you do on Tuesday?
So let's picture this. It's your 50th birthday. $1 billion gets wired in for the big acquisition for 80% of your company. You get to keep 20% because they want to give you what's called golden handcuffs. They want to keep you on. They need you for the next couple of years. What do you do the next day after $1 billion shows up on the Monday morning? What do you do on Tuesday?
Yeah. My ranch is not a business. That's right. One hundred forty thousand a month of feeding animals. They're very hungry.
Yeah. My ranch is not a business. That's right. One hundred forty thousand a month of feeding animals. They're very hungry.
All right. Last two questions on the charity side. So make money, invest money, give away to charity. Why do you think corporations, when you start to get hundreds of employees or thousands of employees, et cetera, why should they have some type of philanthropic component to them? Not just the money part, but why should they have some type of philanthropic initiative within the company?
All right. Last two questions on the charity side. So make money, invest money, give away to charity. Why do you think corporations, when you start to get hundreds of employees or thousands of employees, et cetera, why should they have some type of philanthropic component to them? Not just the money part, but why should they have some type of philanthropic initiative within the company?
So the last question is one question that I ask on most every single episode, and I've never gotten the same answer once. All right, so let's go to the 50th birthday concept.
So the last question is one question that I ask on most every single episode, and I've never gotten the same answer once. All right, so let's go to the 50th birthday concept.
You get the $1 billion, but you got 20%, so then later you get another couple billion dollars, and all of a sudden, many, many years from now, you finally pass away, and you've got billions of dollars you've accumulated over this long career. What percentage do you leave to those children when you pass away?
You get the $1 billion, but you got 20%, so then later you get another couple billion dollars, and all of a sudden, many, many years from now, you finally pass away, and you've got billions of dollars you've accumulated over this long career. What percentage do you leave to those children when you pass away?
Let them write. Yeah.
Let them write. Yeah.
Yeah. Well, what you framed it as is basically if your kids are high impact and know what they're doing, then you let them run the world. That's right. Compared to, I'm just going to leave my kid $30 million or $100 million or $200 million and they're don't have the experience or the know-how that could put them actually in a predicament.
Yeah. Well, what you framed it as is basically if your kids are high impact and know what they're doing, then you let them run the world. That's right. Compared to, I'm just going to leave my kid $30 million or $100 million or $200 million and they're don't have the experience or the know-how that could put them actually in a predicament.
A lot of people think that when they hear somebody very wealthy not leaving a lot of money to their kids or a small amount of money to their kids, they think that it's rude or why would you do that? But we've had answers from 0% to 100%. And they have very passionate reasons why.
A lot of people think that when they hear somebody very wealthy not leaving a lot of money to their kids or a small amount of money to their kids, they think that it's rude or why would you do that? But we've had answers from 0% to 100%. And they have very passionate reasons why.
I like that. That's a good number. All right, guys. If you can, if you could tell everyone, where can they find you on social? Where can they find College Hunks on social? If they're considering a franchise, how can they research things like that?
I like that. That's a good number. All right, guys. If you can, if you could tell everyone, where can they find you on social? Where can they find College Hunks on social? If they're considering a franchise, how can they research things like that?