How to Run Your Money Like a Billion-Dollar Company

0:00This is an iHeart podcast. Guaranteed Human. Run a business and not thinking about podcasting? Think again, more Americans listen to podcasts than add supported streaming music from Spotify and Pandora. And as the number one podcaster, iHeart's twice as large as the next two combined, learn how podcasting can help your business. Call 844-844-iHeart. Peace to the planet, Shalameen to God here and listen. We are back. The Black Effect podcast festival is back in Atlanta on April 25th at Poem in Yacht. Yeah. And the full lineup is nuts. We got the Gripson Age podcast, Beyond Take Howe, and Big Ice Cup Cat. We got Club 5, 20 with Jeff Teague in the gang. Yeah, yeah. Don't call me white girl. Mona will be there. Keep it positive, sweetie, with crypto, with name. We got reality with the King with Carlos King. And yes, drink champ will be in the building. Plus, you know, we're going to have a lot of guests. So you need to join us. And we got the Black Effect marketplace, the picture podcast, and everything you expect from the Black Effect podcast festival. Take us around, tell right now, go get

1:00sure that blackeffect.com slash podcast festival. Don't play yourself, OK? Pull up. Good people, what's up, what's up? It's Questlove. So recently, I had the incredible opportunity to have a real conversation with actress and producer, Jamie Lee Curtis, from routines to recovery, true lies, and a certain germane Jackson music video. Jamie's real and raw, and something I really admire about her. I am so happy that I'm the head and charge at 67 that I have the perspective that I have at my age to really be able to put all of this into context. Listen to the Questlove show on the I Heart Radio app. Apple podcasts, or wherever you get your podcasts. On the Sino Show podcast, each episode invites you into a raw, unfiltered conversations about recovery, resilience, and redemption. On a recent episode, I sit down with actor, cultural icon, Danny Trail, talk about addiction, transformation,

2:02and the power of second chances. The entire season two is now available to bench, featuring powerful conversations with the guests like Tiffany Addish, Johnny Knoxville, and more. I'm an alcohol, and without this true, I'm a die. Listen to the Sino Show on the I Heart Radio app. Apple podcasts, or wherever you get your podcasts. On paper, the three hosts of the Nick Dickenpole show are geniuses. We can explain how AI works, data centers, but there are certain things that we don't necessarily understand. Better version of Play, Stupid Games, When, Stupid, Brises. Yes. Which, by the way, wasn't Taylor Swift who said that for the first time. I actually thought it was. I got that wrong. But hey, no one's perfect. We're pretty close, though. Listen to the Nick Dickenpole show on the I Heart Radio app, Apple Podcast, or wherever you get your podcasts. $1 billion companies don't run on budgets. They run on balance sheets. And that one difference explains why they were owned a Giants, while households doing everything they were told to do, struggle just to keep up. You were trained to manage money like a consumer.

3:05Companies, they're trained to structure capital. Now, you can do the same thing. You may not get the same results, but you can learn to play the same game. And once you see how to play by these rules, you're never going to look at money the exact same way. So let's go. We're going to jump right into this one today, because I have an exciting lesson for you. It's going to change everything. Teach you how to go from a consumer to a company running a billion dollar company before yourself. Now, to really illustrate this, before we dig into how you can apply this drone situation, let's use an example. So this is the strategy. And it's these strategies presented by a company called MicroStrategy, formerly MicroStrategy. And now they've turned the name, changed the name to Strategy. And Michael Sayler, who runs that, literally has the playbook, the strategy, and he's been going around to corporation, to corporation, to corporation. And he's been teaching people the strategy on how to do it as well. As you guys already know, you've seen my interviews with Michael Sayler. We'll link to some down below. I've got to spend quite a bit of time with him. I've figured out how to take his strategy for corporations

4:07and apply it to our own personal situation. But let's just look at how powerful this is, first of all. So now, Strategy, which is formerly MicroStrategy, their ticker is MSTR. And this is not a commercial about that. I'm not telling you to buy it. But they were a software business. They've been a digital software business, a SaaS business for a long time. The problem is that they weren't really able to compete against the big ones like Microsoft. And so while they were making a good amount of money, in 2020, Michael Sayler was stuck. The revenues were flat, the stock wasn't going up. And he found himself at this crossroads where they're making revenue, and it's enough, but he's not able to grow the business. He can't grow the revenue anymore, maybe like your own personal situation. The stock wasn't going up, and he didn't know what to do with this money. And so he decided to do something drastic with the company, and he decided to build a financial architecture. And this is what changed everything. I'm going to break this down for you. But by changing the financial architecture of the company, from going from a revenue-based, a P&L-based company,

5:08to a treasury-based company, right? So it's a Bitcoin treasury strategy company, treasury, strategy being the key piece. So when he went from that, P&L-based, to a treasury-based, everything changed. How big did it change? Well, let's take a look at this. So what we can see, since they did that move in 2020, you can see their performance against a bunch of other assets. Micro-Straggie, MSTR, stock is up 83%, and it's beaten everything else. You have Bitcoin, way down here, the magnificent seven, the Mag 7, 28%, gold, S&P 500, real estate, money, bonds, et cetera. So it's been crushing performance over the last five years because of the shift in the financial architecture that they did. Let's take a look at a couple other charts real quick. Now, how does it rank against some of the really big dogs? So this is Bitcoin's strategies, Bitcoin holdings, versus the biggest corporate treasury. So you hear about the big companies, the Mag 7, and how much cash they have. It's a huge stockpiles of cash. Berkshire, Halfway, Warren Buffett's company is at the top of the power right here, 344 billion. We have Amazon, Google, Microsoft,

6:10and then here we have Stradji right here, sitting right here at number five. And just five years ago, they were like teeter on the verge of going out of business. And now they find themselves in the top five companies in the world with how big their strategy is. Their stock has been one of the best performing stocks in the S&P 500 because of the Stradji. And you can take a look at this robust capital structure. So their enterprise value of Stradji is basically $100 billion, $98 billion. Their market cap, $83 billion. And they have Bitcoin, they have $71 billion of Bitcoin. Also, they have debt. We're gonna get into how they do this. So you can figure out how to do it for yourself. They have debt, but look how small the debt is. They got eight billion of debt and six billion of debt. So they have 13 or 14 billion dollars of debt against $100 billion of assets. I think we'll take those loan devalues every day of the week. And we can take a look and see exactly how they did this.

7:12So they've grown to 640,000 Bitcoin. They have against $71 billion of Bitcoin. Their acquisition cost, not their debt, but their acquisition cost was $47 billion. So they're sitting on roughly $30 billion of profit over their acquisition cost. And again, a lot of it they use debt, but again, they're about $13 billion of debt for $100 billion of enterprise value. So they've taken the market cap, and this is a key piece. They've taken their market cap. You and I might think of our net worth or our balance sheet from $3.6 billion to $98 billion in five years by switching from a revenue-based, P&L-based company to a treasury-based company. And we're gonna break that down for you. Now, a couple of things we wanna understand. First of all, most people, they were, and most of us, as people, have been playing the wrong game. And a lot of the reasons why we're playing the wrong game is because the rules changed. One of my favorite stories is of Einstein,

8:14when he was a professor at college, and every year he'd give out the same test. And one year, one of his assistants came up, the teacher assistants came up to him, and he said, Einstein, you know, kind of sheepishly, I'm not sure if you're aware, but you gave out the same test that you gave out last year. And Einstein's like, yeah, so the assistant's like, well, I mean, the students from last year will have the answers, and they could share them, and people could cheat. And he said, now, the answer's changed. Not the questions, the answer's changed. And so things change, and so our financial system changed. We went from a debt, from an equity-based, goal-based system to a debt-based monetary system. And what schools are teaching you, or lack of teaching you, today don't equip you properly. So the wrong game, personally, we think about budget. How much income do I have? What are my bills? How much budget do I have left? If I have anything left, maybe I can save a little bit. I need to work harder, because my cost of living keeps getting more and more expensive. I'm not saving enough, I'll put in overtime, I'll try to get a side hustle, I'm gonna work harder.

9:16I'm gonna be extremely disciplined. I'm gonna skip that coffee in the morning, because if I, you know, five bucks a day, they'll skip a Starbucks, I can put in there, we're gonna do all that. And I'm gonna try to pay down my debt as quick as possible, because, you know, all these things are piling up. If I pay my debt and I get my expenses down, that's what people are thinking personally. And I get it, right? It's like a drowning tide. The cost of living keeps going up faster than your income is going up. And no amount of budget thinking, no amount of working harder, no amount of discipline saving, and no amount of pain you're down your debt is going to solve that. You're sort of like in the MicroStrategy 2020 phase, or pre-2020 phase. On a corporate side, they use the balance sheet. We're gonna break this down for you, don't worry. They learned how to apply leverage. They use those balance sheet and the leverage to grow their wealth. MicroStrategy went from 3.6 billion to 100 billion. Imagine doing that in your own portfolio. And they did it with leveraging debt. Let's break all this down, so you can see how this plays out.

10:17Okay, why this fails though, right? Like I said, the answer's changed. So everything that we were taught, everything that we learned, like I said, through school or parents, however we learned it, it's wrong. And then there's a few reasons why. Number one, inflation is a structural force. Okay, so why this fails is you have the wrong frame. You have the wrong structure, all right? It's not that your intentions are wrong. It's not that your effort is wrong, for sure, right? You're working hard, but you have the wrong structure and frame. Inflation is this structural force. Inflation is doing two things simultaneously. One, it is taking the value out, so it's making our life get more expensive, but it's also creating debasement and it's offsetting the discipline. So no matter how much more I work, no matter how much more I skimp on my Starbucks and I save, the debasement is greater than my discipline. The rate of debasement is growing faster than I can save. And the problem that we run into is we find out that our cash flow, because we're managing our PNL, right, our budget,

11:17I need to make more income, I need more cash flow, like MicroStrategy was trying to get more cash flow, but they couldn't, they couldn't grow against Microsoft. Sort of like you might be in your own personal finances. They couldn't get enough cash flow, the cash flow was fragile, because the cash flow they got was earning less and less and less and less and less all the time. So what they learned is that the position that they take their assets in on their balance sheet, the position that they create is greater than any budget. Rather than trying to compete, be a better competitor against Microsoft to make more money, they just learned how to position their balance sheet better and we could do the same thing. So we want to stop managing money for short term performance and we want to start to change our structure, start structuring capital for the long term advantage. I'm going to give you some illustrations of ways you can do this. I call it modern wealth alchemy. You would call Michael Sayler a financial engineer, whatever you want to call it, I'll show you some exact examples of how you can do this on your own. All right, so in order to really understand how we mobilize our balance sheet,

12:18how we change the structure, we have to learn a new term. I call it the balance sheet asymmetry, all right? It's asymmetric. We have assets and liabilities on our balance sheet, right? On your P&L, your assets, financial liabilities, but would you have to understand is that they react different to inflation. The inflation is the structural force that you weren't taught to manage, but it's there. It's powerful, it has power over your life, but the assets and liabilities don't react the same, they react differently. That's the asymmetry. Inflation, as I already told you, crushes your cash flows. Your cash flows that you're bringing in, you're working harder, trying to get more customers, trying to get squeezed more money from your customers, but the inflation is stealing the power, the purchasing power from that cash flow. That's bad. It's reacts differently. But the inflation destroys or decays, I like destroys, destroys my fixed liabilities. So if I have long term debt, right, because the money's getting worth less and less and less, right now my payment, let's say I have a 30 year fixed note,

13:20I'm paying a thousand bucks a month, a thousand bucks a month today is one thing, but a thousand bucks a month in 20 years is hardly anything. So the inflation destroys my income, and it also destroys my debt. You see how those assets say work differently. So assets, you have assets, and you have liabilities. I have to look at those different on the balance sheet. And then we have to understand the duration of those, and then we can have the proper structure. I'm gonna break all this down for you, but this allows the same person, homeowner A and homeowner B. It allows the same company, a micro-strategy or strategy. Strategies, main business model, they still sell the software. They're not out competing Microsoft. It's not a better company. They just went from micro-strategy to strategy, they started leveraging the treasury strategy, same person, same company, but two wildly different outcomes. Two wildly different outcomes. Literally, micro-strategy had $500 million,

14:22not a small amount of money. Today, they have a hundred billion. Now, if you wanna learn how these two different people, these two different corporations can actually build out these separate paths, I'm gonna have a live event for this. I'll be live right from this stage, and I'm gonna give you dozens of ideas, and practical applications of ways that you can keep more of your income, and you can get it growing faster than you've ever imagined, through wealth, arbitrage, engineering. I'll put a link down below here, I'll put a QR code on the screen if you wanna come check it out. You don't wanna miss it, I do it one time per year, but let's just keep going on this video. Run a business and not thinking about podcasting? Think again, more Americans listen to podcasts than add supported streaming music from Spotify and Pandora, and as the number one podcaster, IHeart's twice as large as the next two combined. So whatever your customers listen to, they'll hear your message. Plus, only IHeart can extend your message to audiences across broadcast radio. Think podcasting can help your business. Think IHeart. Streaming, radio, and podcasting, call 844-844-iHeart to get started. That's 844-844-iHeart. It's the new me, and it's the old them.

15:22Everybody's gonna imagine, and the old Jenny's different to this. This woman's history month, the podcast, if you knew better with Amber Grimes, Spotlight's women who turned missteps into momentum and lessons into power. I think coming out of where I came from, I'm from the Bronx, I think I grew up really poor. I didn't know that then, because I very much used my creativity to romanticize life. And I'm like, my mom did a really good job of like, you step back and you're like, whoa, we, I don't know how we made it. So a lot of my life was like, built out of like, survival to get to the next place. Like, my drive, my like, tunnel vision of like, I gotta be better, I gotta achieve this, was off the strings of like, I wanna make a better life for us. If you knew better, brings real talk from women who've lived it. Unpacking career pivots, relationship lessons, and the mindset shifts that changed everything. Listen to if you knew better with Amber Grimes on the iHeartRadio app, Apple Podcast, or wherever you get your podcast. All right, son, time to put out this campfire.

16:22Dad, we learned about this in school. Oh, did you now? Okay, what's first? Smokey Bear said to. First, drown it with a bucket of water, then stir it with the shovel. Wow, you sound just like him. Then he said, if it's still warm, then do it again. Where can I learn all this? It's all on smokeybear.com with other wildfire prevention tips, because only you can prevent wildfires. Brought to you by the USDA Forest Service, your state forester, and the Ed Council. Usually, on this podcast, we'll kill you. We talk about the diseases, infections, and biological threats that can make us really sick. But right now, we're doing something a little different. We're stepping back and looking at what the human body needs to keep going. When you consider what we know about sleep in humans, there's one rule that comes out. We are predictably unpredictable sleepers. We're talking about why sleep works the way it does, why our bodies don't follow neat rules, and why modern life makes rest so hard to come by. The second half of our series takes us to the digestive system with a multi-part series on what happens after we eat.

17:24Okay, I just have to say that all of my favorite words apparently are digestive. Yeah, it's sphincter, parastel stins, duodenum. It's fascinating, it's funny, and it matters so much more than you think. Episodes of our new series run from January 20th through February 17th, with new episodes every Tuesday on the exactly right network. Listen to this podcast will kill you as part of the exactly right network on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. I went and sat on the little ottoman in front of him, and I said, hi, dad. And just when I said that, my mom comes out of the kitchen, and she says, I have some cookies in here. This is bad ass convict. Right. Just finished five years. I'm gonna have cookies and milk and milk. Yeah. On the scene of show podcast, each episode invites you into a raw, unfiltered conversations about recovery, resilience and redemption. On a recent episode, I sit down with actor, cultural icon Danny Trail talk about addiction,

18:26transformation and the power of second chances, the entire season two is now available to binge, featuring powerful conversations, the guest like Tiffany Addish, Johnny Knoxville, and more. I'm an alcohol, and without this truth, I'm a die. Open your free iHeartRadio app, search the scene show, and listen now. I know you're not gonna like this, but most of us think that dead is bad. That's bad, that's dangerous. I'm gonna pay my debt as quick as I can. I'm gonna try and pay my mortgage off faster. If I put two extra payments a year, I can pay my mortgage off sooner, pay off my credit cards, all those things. But we have to understand that debt is not bad, and it's not necessarily good either. Dead is a tool, it's it, it's not good or bad. Dead is a tool, and it comes down to how do we use the debt? How do we use the tool? Now, back to the answers are changed, because today we live in a debt-based monetary system,

19:28let me write that here. A debt-based, that means that money is created through debt. When you get a house to car a boat loan, that money is created out of thin air, meaning that the money, the dollars that you're given is the liability and the debt becomes the asset. The debt is the asset and is collateral for more debt. So, if we're in a debt-based monetary system, then the way to build wealth is with debt. And you can try to save your way to wealth, but you have the structural problem of inflation. So, we have to understand that debt is a tool, and just like any tool, it can be misused. It can be dangerous, for example, a knife. A knife is very dangerous, like you could cut yourself, you could kill somebody, you could really hurt yourself, which is why you don't let little kids play with sharp knives. They don't really know how to handle it properly, and they could really do harm. As you get older and become an adult, you learn how to manage the knife. Once in a while, we might still cut ourselves a little bit while we're in the kitchen or something like that, right?

20:29But we've learned how to manage a good knife, so it's not catastrophic for us. So, we learn to use the tool, debt is a tool. Now, personally, most people are thinking about eliminating debt, right? So, I'm looking at my budget every month. I'm trying to pay off my debt as quick as I can. My goal is to be debt-free. There's a whole group of people I can go down on that, but companies aren't trying to do that. Companies have debt. All the Mag Seven, those companies that I showed you, all the companies that have more cash than micro-strategy, they also have billions of dollars of debt. Why? Because they engineer wealth with debt. Again, this is the difference of the average consumer versus a company, all right? So, reframe your brain around that. Now, leverage is what redefines our ability to restructure our balance sheet and engineer this wealth. Leverage, we can talk about this from a bunch of ways, but in this context, the institutional definition is the ability to control assets greater than

21:30the equity base that I have. I only have $100,000, but I could probably go control a million-dollar property with $100,000. My equity base is $100,000, but I can control a million-dollar asset. That's leverage. Now, why does that matter? Well, if I pay cash for 100K property and it goes up, let's say 10%, that means it's now 110K. I made 10. If the same million-dollar asset goes up by 10%, that's 100K. Now, which is greater, 100K or 10K? But what's even greater is the 100K on 100K investment. That's 100% return versus this person got a 10% return. What's it better? A 10% return or 100% return? You're starting to get it. We're just scratch to the surface. Stick with me here. So all companies are leveraged. They're all leveraged and it's not bad.

22:30And it's not because they don't have $300 billion in the bank. Even though they have $300 billion in the bank, they still might have billions of dollars of debt because they're using it for leverage. You have to understand that fragility is the risk here. It's not the leverage that's the risk. The fragility of not being able to manage it properly, not being able to manage the knife properly. So rather than saying, I'll never use a knife again, don't just learn how to use the knife. Learn how to put in protection measures into the knife. So we don't cut ourselves. Instead of not going in the pool, just take swimming lessons or wear a life jacket, right? Okay. Now, in order to take this to the next step, I'm going to show you some examples of how you can do this, but I need to lay down the framework and the groundwork for you, okay? Structural arbitrage. My goal is to teach you the strategies, the principles, there's thousands of ways that you can apply these principles. And once you start to understand it, you're going to see opportunities everywhere. And you will have to create money, almost out of thin air, financial engineering. Like what sailors done, you'll have to do that. So I'm teaching the strategies, teach you the structure, teach you the principles.

23:33So now we want to understand arbitrage and we want to understand the structural arbitrage, okay? So in this wealth engineering that we're doing, trying to engineer our balance sheet, we want to understand the structure. We have to understand that arbitrage isn't the price of things that we pay. Arbitrage is not the value of our assets. Arbitrage is the structure that we create for our assets to move in so we can benefit between them, all right? So we have to realize that parts of our balance sheet, so all the different things, the buildings or the equipment or the whatever that you own on your balance sheet, they behave different. Different things are different. And the reason why is some debt might be fixed 30 year fixed loans, some might be floating, credit card adjust monthly, for example, cars are five or six or seven years, right? We have short duration versus long duration, assets and loans and leverage, assets adjust versus fixed liabilities. And so we have to understand that we have different assets, they work differently. A lot of times we can organize them to work differently,

24:35but we can get them to work against each other. What we want to do is we want to think about our balance sheet as liquid. So again, a balance sheet, right? You'd have all your assets, your house, your business, your office space, your car, your equipment that you have, et cetera. So this is your assets. And then down here, you have your liabilities and then I have my house loan, my office loan, my car loan, and then down here, you have your net worth. But what I want to do is I want to think about all these things here as liquid. I'm able to mobilize them, I'm able to move them, I'm able to leverage them because the idle balance sheets decay. What do I mean by that? Well, for example, one of this items on my balance sheet is my 401k, let's say. So I have this month, this is in my 401k. It's in a mutual fund and it's making me whatever 8% a year. Okay, so even though that asset is there and it's making the 8%, it's decaying, it's losing value.

25:36And so that's what happens when assets sit idle on our balance sheet. You have to learn how to mobilize them to get greater than the rate of debate as we talked about earlier. Now, cash is the fuel that allows us to do this. So when we start adding in the leverage, we start adding in the arbitrage, the cash is able to help offset that. But the cash is the fuel to the system. It's not the safety in the system. Because as we talked about earlier, the cash is also being destroyed by the structural inflation that we have in the system. Now here, intent matters more than the size. So you don't have to think that I have to go be as big as micro strategy. You can just start really small. And I'll give you some examples. Actually, I'll give you one that you could probably do. Most people could probably do right away. But real quickly, here's how we would apply this if we're a personal, like a homeowner or a consumer or if we're a business. So number one, if you're a person, you probably see what sailor has done with micro strategy. And you thought like, well, that's cool that he was able to turn $3.6 billion into $100 billion. But I can't do that. I mean, I don't have a public company. I can't go tap into the public equity markets

26:38and the public debt markets. Okay, you probably can't. If you don't have a corporation or I'm sorry, a public trade account corporation, then you probably can't tap into the public debt markets. But you can still get debt. You can still get credit. You still have equity. So what do I mean by that? So personally, you have a balance sheet, right? I mean, at least you should. A home, a car, a business, right? Some sort of assets of stocks, right? So you have something on your balance sheet there. And if not, start working on that first. Secondly, you should have credit available to you. If your credit's bad, clean it up. Go on, chat to your PT. If you've got to clean up your credit, start applying for credit cards. Go down to your bank and apply for a personal line of credit. Start applying for credit cards. I know a lot of people who are getting $100,000, sometimes $200,000 credit cards with like 0% APR for 12 months. And then you can just roll the balance. And then again, you may have equity. So maybe you have a homeless and equity in it, a car with some equity in it. So you have both credit and equity available to you. Now, that's if you're just a consumer, person, you know, person, et cetera.

27:38If you're a business, you have the same three. So you also have balance sheet, credit lines, and equities, both personally and on a business standpoint. But now you also probably have business financing available to you. So now through your bank, you can probably get like, business lines of credit. Also, you have the business equity as well. So even if you have a small entrepreneurial, you know, solo-proneur type business, sometimes you can sell equity to a private investor. You have a million dollar business, sell 30% for 300 grand. Bring the 300 grand forward. That's what Michael Saylor is doing with Michael Stragi when he sells the common stock, the MSTR stock into the market. Now you might say, well, but I can't get it near as cheap as he can. I'm going to pay way more on my credit line, on my credit card, et cetera. Well, one of the ways that he's raising money right now is through selling the preferred. Strike, strife, stride, and stretch. So you buy stretch and he gives you a coupon payment. So for example, stretch is paying about 10.75%. I think strife is about 12, 12.5%.

28:39So I'm pretty sure you could probably get credit for less than 12%, which is what he's paying. Those are ways that you can do that. But let's break down an actual example so you can see how this works. So again, I'm teaching you the principles. I'm teaching the Stragi. You can apply this a thousand different ways. But here's one that most people could probably take advantage of. So let's say that I have a home and for easy numbers, let's say that I owe 100,000 on it, but it's worth 200,000. So I have 100,000 of equity. Okay, now you might say, but Mark, I don't have a home. Okay, well then figure out another way to get equity. Like I said, go apply for some credit cards. Go to your bank, get a loan in your car, like figure it figured out, but you're going to need some equity, okay? So I'm pulling out equity. I can get a home equity line of credit. I can refinance my house. And I'm going to take this money that's sitting here. It's in house, it's on my balance sheet, right? It's on my balance sheet, but it's decaying because it's not keeping up with the rate of debasement. So I can unlock what I call lazy, because it's not working very hard or dormant capital.

29:41So I take the 100,000 and I bring it over here. What do I do with it? I'm probably going to pay, you know, I don't know, seven or eight percent interest on that. So now I've taken 100 grand, but I owe seven or eight percent. What am I going to do? How am I going to afford the seven or eight percent? Let's engineer that, okay? So what if I took the 100K and I put it into a product like MicroStriD has STRK? And that's paying me about 9.5%. Well, now I have about a 1.5% will be called positive carry. That means I'm actually getting paid for taking money out of here and holding it here, but it gets even better because this can be, if you set it up properly, tax deductible. And this is also tax deferred, which means instead of 1.5, I'm probably making it closer to 4% for sitting on that, 4%. Money that was just sitting there doing nothing, now I'm making 4%, but it gets better. Because what StriK does is it's convertible to shares of MSTR once it gets $2,000 a share.

30:43So if it gets over that, then it converts up. So not only am I getting 4% for waiting, I have the potential upside. What does that mean? Well, currently let's say MicroStriD has 650,000 Bitcoin, so probably have a million by 2030 in the next four or five years. Bitcoin's probably gonna hit a million in the next four to six years. So a million Bitcoin at a million dollars is a trillion dollars. Let's say right now they're at a 1.1 times M nav. I know this is a lot of lingo for you. I mean, they're trading a little bit more than their net asset valuation, but historically it should be around two. But let's just say it gets back to like 1.25, all right? So that's a 0.25 multiplication, multiple on their net asset value. That would put it at one share of MicroStriD around $3,000, $3,100. I'm getting paid 4% for doing nothing just for making a couple moves. And then in four or five years, this could turn, you know, I'm buying stock and it's going up big time at this big capital gains.

31:43Now, don't get caught up in the weeds on this. This is just one strategy where I can unlock dormant capital, lazy capital doing one job, decaying on my balance sheet. I can leverage my balance sheet. So hey, look at the bank. I have these assets. They'll give you credit because of the strength of your balance sheet. Then I can apply it, make a positive arbitrage. And then I can apply it in something that provides the positive arbitrage and gives me more upsides, one, four or five years, maybe I have enough to retire. It depends on all of these functions here, but hopefully you understand that. Now, this is one of like dozens of strategies that I teach inside the wealth operating systems. The wealth operating system is all about wealth engineering. How do we create these environments to keep more of our income by tax deferral or tax savings? And then how do we multiply it faster, getting our money to do one job, two jobs, three jobs? If you'd like to learn dozens more strategies like this, I'm going to have a live event for three days right from this stage right here called the wealth operating system accelerator live event. I'll put a link to it down below. Put a QR code on the screen right here.

32:44It's January 7th. I'm going to teach you how to save more time, how to multiply your wealth faster than ever. Save money in taxes so you can multiply it even faster without having to make more money, work harder, all those things. You don't want to miss it. I'm only doing it one time per year. And it's going to be live right here from this stage. I'll put a link down below. Hopefully I'll see you there. But let me know what you think about this. Can you run your portfolio or your balance sheet like a billion dollar corporation? Yes or no, drop it in the comments down below. As I always say at the end, to your success, I'm out. Peace to the planet. Shall I mean to God here and listen? We are back. The Black Effect podcast festival is back in Atlanta on April 25th at Pullman Yacht. Yeah. And the full lineup is nuts. We got the Gripson Age podcast, Beyond Take Howe, and Big Ice Cup Cat. We got Club 5, 20 with Jeff Teague in the gang. Yeah, yeah. Don't call me white girl. Mona will be there. Keep it positive, sweetie with Chris Thurwin. We got reality with the King with Carlos King. And yes, drink champ will be in the building. OK, plus you know, we're going to have a lot of guests.

33:46So you need to join us. And we got the Black Effect marketplace, the picture podcast, and everything you expect from the Black Effect podcast festival. Take us around to hell right now. Go get yours at blackaffect.com slash podcast festival. Don't play yourself, OK? Pull up. Good people, what's up, what's up? It's Questlove. So recently, I had the incredible opportunity to have a real conversation with actress and producer Jamie Lee Curtis from routines to recovery, true lies, and a certain germane Jackson music video. Jamie is real and raw. And there's something I really admire about her. I am so happy that I'm the head-f***ing charge at 67 that I have the perspective that I have at my age to really be able to put all of this into context. Listen to the Questlove show on the I Heart Radio app. Podcasts or wherever you get your podcasts. On the scene of show podcast, each episode

34:47invites you into a raw, unfiltered conversations about recovery, resilience, and redemption. On a recent episode, I sit down with actor, cultural icon, Danny Trail, talk about addiction, transformation, and the power of second chances. The entire season two is now available to bench, featuring powerful conversations with the guests like Tiffany Addish, Johnny Knoxville, and more. I'm an alcohol, and without this true, I'm a die. Listen to the Sino Show on the I Heart Radio app. Apple Podcasts or wherever you get your podcasts. Hi, I'm Bob Pittman, Chairman and CEO of I Heart Media. And I'm kicking off a brand new season of my podcast, Math and Magic, Stories from the Frontiers of Marketing. Math and Magic takes you behind the scenes of the biggest businesses and industries while sharing insights from the smartest minds in marketing. Coming up this season on Math and Magic, CEO of Liquid Death, Mike Siserio. People think that creative ideas are like these light bulb moments that happen when you're in the shower. Or it's really like a stone sculpture. You're constantly just chipping away and refining. Take two interactive CEO, Strauss Selnik,

35:48and our own cheap business officer, Lisa Coffee. Listen to Math and Magic on the I Heart Radio app, Apple Podcasts or wherever you get your podcast. On paper, the three hosts of the Nick Dickenpole Show are geniuses. We can explain how AI works, data centers, but there are certain things that we don't necessarily understand. Better version of Play, Stupid Games, When, Stupid Brises. Yes, which, by the way, wasn't Taylor Swift, who said that for the first time. I actually thought it was. I got that wrong. But hey, no one's perfect. We're pretty close, though. Listen to the Nick Dickenpole Show on the I Heart Radio app, Apple Podcasts or wherever you get your podcasts.