Pejman Ghadimi

the moment you throw your car and you're like oh yeah i made like five grand i didn't do anything because someone's work is done you don't think it's done and the money's gone so you want to avoid that at all costs and and one of the big misconceptions again when you're in a position to own something like that like generally own it you don't want to lend it to people like yeah i've never seen someone that's like i i've made enough money to buy mineral source and in order to pay for the payment i want to lend it to a complete stranger for two days

the moment you throw your car and you're like oh yeah i made like five grand i didn't do anything because someone's work is done you don't think it's done and the money's gone so you want to avoid that at all costs and and one of the big misconceptions again when you're in a position to own something like that like generally own it you don't want to lend it to people like yeah i've never seen someone that's like i i've made enough money to buy mineral source and in order to pay for the payment i want to lend it to a complete stranger for two days

No, nobody wants to do that. Like nobody will do that. Like generally people that do that is they don't understand business and they only see business in a linear manner. That's like, well, if I buy the car and I have a 5K payment and then I rent it out for five days out of the 30 days, well, that's 5K, like my payment's paid off.

No, nobody wants to do that. Like nobody will do that. Like generally people that do that is they don't understand business and they only see business in a linear manner. That's like, well, if I buy the car and I have a 5K payment and then I rent it out for five days out of the 30 days, well, that's 5K, like my payment's paid off.

But they don't look at the liability, the asset costs, the issues with if they get kicked off tour or they don't cover the insurance. So they put themselves in a bad like financial position. And I would never, ever, ever tell people that renting their car is the way to minimize their expenses.

But they don't look at the liability, the asset costs, the issues with if they get kicked off tour or they don't cover the insurance. So they put themselves in a bad like financial position. And I would never, ever, ever tell people that renting their car is the way to minimize their expenses.

You can hold, like I have a very extensive personal watch collection and a very extensive personal car collection, very similar to Andy Frazella's collection. Like I have a lot of cars from Bugattis to like Porsches, rare, old, new. And one of the things that's really key is once you get through this process of buying and driving your cars, you obviously get richer in life.

You can hold, like I have a very extensive personal watch collection and a very extensive personal car collection, very similar to Andy Frazella's collection. Like I have a lot of cars from Bugattis to like Porsches, rare, old, new. And one of the things that's really key is once you get through this process of buying and driving your cars, you obviously get richer in life.

Like you obviously make more money, you get 10 years older, you have more adult money, right? Then when you're in your 20s and your 30s, you have more serious money. You might build a business, things might change, or you might be in a position where, hey, for 10 years, you've done this strategy we talked about and you didn't actually waste money.

Like you obviously make more money, you get 10 years older, you have more adult money, right? Then when you're in your 20s and your 30s, you have more serious money. You might build a business, things might change, or you might be in a position where, hey, for 10 years, you've done this strategy we talked about and you didn't actually waste money.

So even though you're making more money, you know, it keeps accumulating. And at some point it makes sense to switch from this idea of, hey, I'm going to drive a new car every two, three years and get in and out to I'd like to own two to three nice cars like a Porsche, a Ferrari and maybe like a Range Rover.

So even though you're making more money, you know, it keeps accumulating. And at some point it makes sense to switch from this idea of, hey, I'm going to drive a new car every two, three years and get in and out to I'd like to own two to three nice cars like a Porsche, a Ferrari and maybe like a Range Rover.

And you can start buying cars that historically go up in value every single year for the next 30 years. They'll never go down. And they won't always go up every single year like 2% or anything. But over a 10-year period, historically, they've never not gone up at least 10%, 15%. And there are bumps when they might go up 30%, 40% if it's a very rare car, depending on the type of car you buy.

And you can start buying cars that historically go up in value every single year for the next 30 years. They'll never go down. And they won't always go up every single year like 2% or anything. But over a 10-year period, historically, they've never not gone up at least 10%, 15%. And there are bumps when they might go up 30%, 40% if it's a very rare car, depending on the type of car you buy.

And they don't have to be expensive. In the last, like, maybe two, three years, we've seen cars that were 100K go up to 250, 300 because they're becoming collectible and they're older and there's less of them on the market. Or suddenly a celebrity ends up buying a more vintage Ferrari. A lot of people are like, oh, that is a collectible car we never looked at. And there's only 10 left.

And they don't have to be expensive. In the last, like, maybe two, three years, we've seen cars that were 100K go up to 250, 300 because they're becoming collectible and they're older and there's less of them on the market. Or suddenly a celebrity ends up buying a more vintage Ferrari. A lot of people are like, oh, that is a collectible car we never looked at. And there's only 10 left.

They quickly get off the market. Now they come back at double the price.

They quickly get off the market. Now they come back at double the price.

And the same articles were there about watches in 2020, 2021 and 2022. So that's a marketing strategy, but yeah.

And the same articles were there about watches in 2020, 2021 and 2022. So that's a marketing strategy, but yeah.