Dan Fleyshman

The problem I see is someone makes $150,000 commission from doing some deal and then they spend all of it and then they think they're going to go make that again over and over. It doesn't happen that way.

Part of my investment speech, I do a speech called 40-40-20. And at some of the rooms, what I do is I actually scare everyone in the room with this. I ask the room, I say, raise your hand if you have a child. Who here has a child? They raise their hands. I say, well, when we grew up, our parents typically passed away between 73 and 75 years old, 75 for women.

Part of my investment speech, I do a speech called 40-40-20. And at some of the rooms, what I do is I actually scare everyone in the room with this. I ask the room, I say, raise your hand if you have a child. Who here has a child? They raise their hands. I say, well, when we grew up, our parents typically passed away between 73 and 75 years old, 75 for women.

A lot of people here, your parents are going to pass away around 83 to 85 years old because of modern medicine.

A lot of people here, your parents are going to pass away around 83 to 85 years old because of modern medicine.

everyone that just raised your hand with children your kid has probably lived over a hundred years old because when we grew up there was 64 ounce slurpees jack in the box very true have you heard the word supersize fries and all of that have you heard slurpee have anybody said the worst thing in a decade well when we grew up that was everywhere now people go and get smoothies and you know they're taking shots they're doing mental health and yeah ice

everyone that just raised your hand with children your kid has probably lived over a hundred years old because when we grew up there was 64 ounce slurpees jack in the box very true have you heard the word supersize fries and all of that have you heard slurpee have anybody said the worst thing in a decade well when we grew up that was everywhere now people go and get smoothies and you know they're taking shots they're doing mental health and yeah ice

plunges and cold baths and saunas if someone did a cold bath when we were kids that we thought they were psychopaths right and then i had to do that right and now it's it's cool people people pay 60 bucks to jump into a bucket of ice because they want longevity and health i say that because with modern technology and a lot of major medicines and a lot of the huge diseases are getting eradicated well the children are likely to live to over 100 years old why does that scare people because then i say well what if your kid wants to retire at 65 to 75 years old

plunges and cold baths and saunas if someone did a cold bath when we were kids that we thought they were psychopaths right and then i had to do that right and now it's it's cool people people pay 60 bucks to jump into a bucket of ice because they want longevity and health i say that because with modern technology and a lot of major medicines and a lot of the huge diseases are getting eradicated well the children are likely to live to over 100 years old why does that scare people because then i say well what if your kid wants to retire at 65 to 75 years old

before they only needed like five to ten years of money you know if you want to go down the rabbit hole it's hard for people to talk about but you really only needed like five or ten years of money because you were likely to pass away what if you retire at 75 and you die at 103 yeah you need three decades of money what if you just want to get by on 50 grand a year times 30. we need 1.5 to 2 million dollars not counting inflation not counting medical expenses not counting other family members or anything else just to get by you need 1.5 million

before they only needed like five to ten years of money you know if you want to go down the rabbit hole it's hard for people to talk about but you really only needed like five or ten years of money because you were likely to pass away what if you retire at 75 and you die at 103 yeah you need three decades of money what if you just want to get by on 50 grand a year times 30. we need 1.5 to 2 million dollars not counting inflation not counting medical expenses not counting other family members or anything else just to get by you need 1.5 million

The average American has $5,500 saved up right now. So when you just think about why I'm so passionate and why this podcast exists is we have to have blunt discussions. You have to learn about investing. You have to deploy capital into real estate. You have to set yourself up for your children just to actually survive.

The average American has $5,500 saved up right now. So when you just think about why I'm so passionate and why this podcast exists is we have to have blunt discussions. You have to learn about investing. You have to deploy capital into real estate. You have to set yourself up for your children just to actually survive.

Because if they live to 103 years old, you don't want them working at 96 years old at a grocery store. It's just not realistic. They're not going to do that. And so they have to learn about investing and you have to talk about it now. All right, last topic. Yes, sir. You've been a big supporter of charities. You've been a lot of my charity events.

Because if they live to 103 years old, you don't want them working at 96 years old at a grocery store. It's just not realistic. They're not going to do that. And so they have to learn about investing and you have to talk about it now. All right, last topic. Yes, sir. You've been a big supporter of charities. You've been a lot of my charity events.

Why do you think it's important for families, for households to have some type of charity component with their families and kids?

Why do you think it's important for families, for households to have some type of charity component with their families and kids?

So it leads me to my last question I ask every single guest. I've never, ever gotten the same answer.

So it leads me to my last question I ask every single guest. I've never, ever gotten the same answer.

So you grow, you build your health and wellness company, you build real estate development, and later on in life, hopefully it's 100 years from now, it's finally time for Larry to pass away. But you've accumulated $100 million, for example. What percentage do you leave to your children?