Pejman Ghadimi

in the amount of luxury goods in the marketplace. Like there's a ton more Lamborghinis today than there were 10 years ago. Ton more Rolexes on people's hands than there were before. And the key areas like California, Florida, Texas, and these large states where people are like, business is booming, et cetera, people are spending money.

in the amount of luxury goods in the marketplace. Like there's a ton more Lamborghinis today than there were 10 years ago. Ton more Rolexes on people's hands than there were before. And the key areas like California, Florida, Texas, and these large states where people are like, business is booming, et cetera, people are spending money.

right and and that's great you should want that you should want to aspire to make more money so you can live a better lifestyle but the argument is why not learn to actually not we're never saying someone don't buy these things like they're bad things they're amazing everyone should experience what it's like to wear 100k watch everyone should experience what it's like to drive a half a million dollar car but what if you could experience it and it didn't have to be a financial burden

right and and that's great you should want that you should want to aspire to make more money so you can live a better lifestyle but the argument is why not learn to actually not we're never saying someone don't buy these things like they're bad things they're amazing everyone should experience what it's like to wear 100k watch everyone should experience what it's like to drive a half a million dollar car but what if you could experience it and it didn't have to be a financial burden

That's the difference. And while it sounds really good to be true and people are like, well, you got to learn how to really sell cars and buy cars and be a dealer, you really don't. Like this world exists and because people are so alienated from it, they assume it's not for them or they're going to have to pay cash or go and work really hard or it's a bad expense.

That's the difference. And while it sounds really good to be true and people are like, well, you got to learn how to really sell cars and buy cars and be a dealer, you really don't. Like this world exists and because people are so alienated from it, they assume it's not for them or they're going to have to pay cash or go and work really hard or it's a bad expense.

But it's really not like I mean, look, there are kids out there who know nothing about watches making 700, 800K part time from their houses, trading five to 15 watches a month.

But it's really not like I mean, look, there are kids out there who know nothing about watches making 700, 800K part time from their houses, trading five to 15 watches a month.

okay like what i'm saying is let's assume someone's like it's amazing exactly it's an amazing i mean 800 grand is a lot of money you know even 300 grand is a lot of money let's not even use big numbers 10 grand a month is a lot of money for sure it depends on what your aspirations are but if you have a normal job and you're working at a coffee shop or something and you have 1500 saved you can literally take that 1500 buy your first watch let it grow into its own thing similar to a trade you would do in the stock market except the difference is the stock can disappear to nothing

okay like what i'm saying is let's assume someone's like it's amazing exactly it's an amazing i mean 800 grand is a lot of money you know even 300 grand is a lot of money let's not even use big numbers 10 grand a month is a lot of money for sure it depends on what your aspirations are but if you have a normal job and you're working at a coffee shop or something and you have 1500 saved you can literally take that 1500 buy your first watch let it grow into its own thing similar to a trade you would do in the stock market except the difference is the stock can disappear to nothing

and it can just keep going down and you don't even understand what's happening. But a watch is on your wrist. So it's opening doors as you meet people, you're getting into new peer groups, and you're making the same money you would in the market. And it's easier to trade in and out of without having to wait for bumps and dumps and anything else.

and it can just keep going down and you don't even understand what's happening. But a watch is on your wrist. So it's opening doors as you meet people, you're getting into new peer groups, and you're making the same money you would in the market. And it's easier to trade in and out of without having to wait for bumps and dumps and anything else.

Terrible. So this is the big misconception in the world of cars. People believe that the revenue associated with cars has to be when you share them similar to Airbnb. And Turo makes that very easy. You can rent stuff. If you want to make money renting cars, buy Corvettes, put them on Turo. It's cheap. It's easy.

Terrible. So this is the big misconception in the world of cars. People believe that the revenue associated with cars has to be when you share them similar to Airbnb. And Turo makes that very easy. You can rent stuff. If you want to make money renting cars, buy Corvettes, put them on Turo. It's cheap. It's easy.

Buy a couple of ones, even if they've been salvaged, hit before, repaired, and put those on Turo. The amount of money that will come to rent that on a continuous basis and just keep giving you money, even if there's an accident there and there, the net positive will be better over time. It's a risky business because generally you have to have separate insurance.

Buy a couple of ones, even if they've been salvaged, hit before, repaired, and put those on Turo. The amount of money that will come to rent that on a continuous basis and just keep giving you money, even if there's an accident there and there, the net positive will be better over time. It's a risky business because generally you have to have separate insurance.

You try to put it on people's insurance or tourist insurance, but there are very high limitations there when it comes to exotic cars, not so high on cheaper Corvettes and Audis and things like that. So if I was going to try to make money in the rental business on tour, I would never rent out an exotic. You have to understand that when an exotic gets hit in an accident, it's worth 20 to 25% less.

You try to put it on people's insurance or tourist insurance, but there are very high limitations there when it comes to exotic cars, not so high on cheaper Corvettes and Audis and things like that. So if I was going to try to make money in the rental business on tour, I would never rent out an exotic. You have to understand that when an exotic gets hit in an accident, it's worth 20 to 25% less.

So, right.

So, right.