Ladies and gentlemen, welcome to a special edition of the Money Mondays podcast where we cover three core topics, how to make money, how to invest money, how to give it away to charity. As you guys know, these episodes are 32 to 36 minutes for your listening pleasure. Why? Because the average workout is 45 minutes, the average commute to work is 45 minutes, so we're going to keep this episode under 40 minutes. That way it's nice and easy for you to listen to, very useful information. Also, keep in mind, these podcasts are not just for you. It might be for someone from your past, present, or future. You might hear something from this guest today or on other episodes that might apply to someone that you might bring up to them at lunch or dinner a month from now or a year from now, and you want to forward them this episode. The reason this podcast is so important and so useful is we grew up thinking it's rude to talk about money. The reason this podcast is so high up on the charts and people listen to the whole episode, like hopefully you will today, is because it's not just for ourselves. It could be an employee, staff member, friend, child, parent, et cetera, that might want to learn about the topics that we cover on Money Mondays. So without further ado, Granger Whitelaw, give us the quick two-minute bio so we can get straight to the money. Good morning. Hello there. How you doing, man? Let's go. Tell them. Two-minute bio. Okay, so yeah. So I am Granger Whitelaw. I'm a venture capitalist, investment banker. and operator. I have built companies all around the world from United States, Vietnam, Saudi Arabia, Singapore, Bermuda. My first big business I built was in Bermuda. It was actually a company that I built around a piece of legislation that I wrote to make clarity for digital transactions. So this is back in 1998, way before anybody did it. And we didn't have any law on digital signatures, right? So you sign Doc, you sign now every day, but we didn't have that in 98. So how do you bind a contract? How do you settle that contract? Like where does it settle and where does the money settle? So I actually wrote that piece of legislation. It was the first piece of e-commerce law that ever addressed those issues. We did it in Bermuda under Commonwealth law. And that was an incredible business that we ended up selling to London Telecom. So So that's a company I built and operated. I've also built think tanks, rocket companies, other technologies. Keep going. I want to hear more. Many, many, many things. So, yeah. So anyway, my background is a venture capitalist and an investment banker and also an operator. All right. So let's break down some of the things you said because there's a wide array of things. What is a venture capitalist? Like walk us through venture capital. Give us the main idea. Okay. Okay. So really on Wall Street in my early days, in my mid-20s and my mid-30s, I have focused on early stage venture. So I've had guys sit down with me literally at lunch on a napkin and write a business plan. So a guy named Steve Humphries in Miami, it was back in like 2011 or 12. We went to lunch. He's like, Granger, I got to show you this idea I have. I'm like, okay, Steve. so he sits down we're having salad and um he had done couponing in london and um giving out coupons like groupons etc and he was one of the first guys to do that and he said i don't want to do that i want to do digital now i want to build a platform that we can give away music and media instead of coupons so that you can get um merchandise etc so if you think about unite airlines right you get points. And you can use those points for upgrades. You can use them for hotel rooms. You can use it for car rental and merchandise, basically. So he wanted to build a platform that we could do digital assets, which we did. So that was a company that I invested in and I partnered with him on. We built the first digital platform, launched it on United Airlines for downloads of music and TV and film. And I signed all the major labels, all the movie studios in about 10 months and we were the only company in the world other than Apple and Amazon that had direct same-day release. So, you know, when a movie comes out and it goes to Apple or Amazon, they're the only ones that get same-day release. We got it because we were using points, not cash. So they pay hundreds of millions of dollars to get those rights. We paid like two million bucks. And it was because we were converting points instead of cash. It was a loophole I found. So anyway, that's a venture capital deal, right? It was literally a napkin, idea, funded, built a business, and then sold it. And in venture capital, I will look at many different deals, 30, 40 deals at a time, and I will find good management teams. And generally, I look at technologies that can change the world, right? How they can affect people in a positive way. So that was a cool technology that was new and no one did it before, a new application of technology. And that was a long time ago, right? 15 years ago. But the same thing with rockets, right? When we built Rocket Racing League, it really started with the XPRIZE Foundation. So the XPRIZE Foundation was a foundation that was started by Peter Diamandis. And Peter had the idea to give a $10 million prize for the first team that was privately funded that could go suborbital twice in two weeks with a payload of three men. So why? reusable rockets. Bring down the cost of rockets, right? So therefore, it translates to NASA and other people being able to do private rocket flight. So anyway, myself and about 100 guys were the benefactors, original founders of the XPRIZE Foundation. And that was won by Bert Rutan and Paul Allen from Microsoft. He funded it. October 4, 2004. If you know Richard Branson, he put his name on the spaceship, right? Spaceship One. It said Virgin, right? Yeah. But he didn't have anything to do with the business. No. Two months before, he put like $4 million in, put his name on the rocket. Anyway, it won the X Prize. And it changed mankind, right? The technology from that changed mankind. It has accelerated technologies in many different ways. So Elon is a part of that. Elon Musk was a part of that. And I've known Elon for like 26 years now. And right after he sold PayPal, we met. And when I started the Rocket Racing League with Peter, that was another thing that we were looking at changing mankind with technology, right? So I had a bunch of cool investors. Elon Musk was an investor with that. Jeff Bezos from Amazon. Bill Koch, Peter, obviously. Bob Harari, et cetera. So these are all guys who want to see technology that they can use to change mankind. And if you think about, and I'll back up, race cars, right? So I've raced IndyCar for 20 years. I was lucky enough to be a partner in two winning Indy 500 teams. The technology that comes out of IndyCar, the technology that comes out of F1, that technology goes into your car or other applications, right? So I'll give you an example of another application. You get better brakes. You get faster shifting. You get better performance on the engines. Those are obvious, right? Here's a non-obvious one. In 1996, Buddy Lazier and I were doing the Indy 500 together. Buddy and I grew up together in Vail, and we had done Indy car together for years. In 1996, we were racing Indy, and he got into a major accident nine weeks before the Indy 500. He broke his back. It shattered in 16 places. So on the bottom of your butt, if you drop an egg, it just shattered, like what an egg looks like when you first crack it, right? Yeah. Well, we didn't think he was going to race Indy. So the guys from Lear, which is a seat company, came over with Dr. Brock, and they designed a seat from his neck down to the bottom of his foot, right above his foot and ankle. Custom molded the seat, poured him into the car. So he was able to actually, with a cane, walk up and get in the car. Come on. And we strapped him down. This is a fact. This is a history fact. In fact, we strapped him down and we won the Indy 500. No. It was, dude, I mean, I'll cry right now. It was the most amazing feat. What? How he didn't win the ESPN award for the greatest athlete that year. He almost did. I think Tiger won it. But it was amazing. So that seat now, that seat technology has translated into aerospace as well as IndyCar and other automobiles. That technology, right? So you have to really look at, you know, wow, it's cool. They're racing cars or they're racing planes. But the technology from that translates into helping save your life and affect other people. And that's what I invest in. So Rocket Racing League, we built the first rocket-powered plane that was manned in the world in history, approved by the FAA. Actually, the FAA certification is a rocket-powered glider. So two seat 32 foot wing rocket plane a delta wing canard and I had to create speed in the air It was a big problem. What problems were you to solve? Turning on and off a rocket engine. How do you turn off a liquid rocket engine in flight? Because if you have a liquid rocket, it's either on a missile hitting a target, right? Or it's on a rocket shooting something into space. You don't want to stop. You want full power all the time. So we had to figure out how to turn it on and off. That was our first technology to overcome, which can be used for other things if you think about it. Right. Then we had to figure out speed in the sky. So I took the first down line in football. Everyone watches football. You see that little yellow line they paint across. That's the next first down. Right. Every 10 yards. First down, there's a yellow line. I took that technology and I said, wait a second, that's a superimposed graphic. Why don't we create triangles, squares, circles, et cetera, that we can make a racetrack out of in the sky. So instead of driving a car, you turn 90 degrees and race the rocket plane in the air and have the pilots racing through these different colored rings so they know what their line is, right, for situational awareness so they don't crash. and you also can put the rings close together. So as they're going through the rings, you see speed, right? So watching a plane in the air looks like it goes very slowly. But if you watch a race car on a track, and you see the red and white lines on the track, when it goes by those lines, fast. Or if you're driving your own car, you drive by a bunch of poles on the highway close together, wow, you feel the speed, right? So we took that. Out of that, we created a video game. And we created a heads-up display application called RITS, Racetrack in the Sky. Now you can take that same technology and you can link it with GPS coordinates and radar, and you can have safe return to an airport so that if you have a problem in the air, you can't see, you lose situational awareness because of clouds or what have you, you can hit autopilot or you can fly the rings back to the runway and land safely. Another technology that came out of that. So venture capital, looking at technologies for me that can change mankind, investing in them and then supporting those companies growth. OK, explain an investment banker. What's the concept of if someone wants to go raise capital, why would everyone need to hire an investment banker? So investment bankers and I have a company called Faithstone Capital Partners, my investment bank here, as you know. So investment bankers help structure deals for people who either need to raise money to scale their companies, to buy a company, or to sell a company, right? So a traditional banker doesn't do that. You go to the bank, you get your credit card or your debit card, your savings account, maybe a mortgage line or something at your traditional bank. But for more sophisticated structuring, you need investment bankers, right? We go in, we underwrite the deals. We look at the risk profiles. And then we go out to the market, hedge funds, private investors, or those banks we were talking about, who have allocated capital for different ventures they are interested in investing in. So maybe oil and gas, maybe real estate, consumer products, what have you. So the investment banker goes in and qualifies the deal, underwrites the deal, has access to the capital, is registered, right? It's a registered agent so that we're fully compliant oversight by SEC and FINRA. And then we go and do the transaction. That's why you need investment bankers. So what if someone listening, they built up their company, now they've got some money saved up, and they want to do their first 100K, 200K, 50K, 500K, whatever type of investment. How do they decide when there's so many options what they want to invest into? How do they research it and kind of figure things out for themselves? well there's a smart guy i know who says invest in the things that you use right so um i grew up and my parents would say invest in the things that you like and that you use so when i was a kid and i was you know in college and i was working at top tech and i was selling apple computers and seagate you know drives that was back in 19 you know 87 86 nobody knew what that was right well i did and i called my mom i'm like mom buy apple well it was in public then by Seagate, by these companies, right? And another guy I know, you, when you talk about your 40-40-20, you talk about, hey, man, are you driving a Tesla? Buy Tesla. You're using the iPhone? Buy Apple. I mean, that makes common sense, right? For the $1,000, $2,000, $5,000 kind of investment, that's what you should do. I agree. So let me explain what Granger was referring to, which is called 40-40-20. It's 40% low risk, where you want to make between 5% and 9% for the year, 40% medium risk where you're trying to make 10 to 30% for the year and 20% is the high risk it's the shot at glory and if you get it right 7x 12x 15x but if you get it wrong or it takes a long time hopefully the medium risk and the low risk will cover the high risk quick 60 second examples are on the low risk side you can look at what's going on with at your bank wells fargo bank america Chase, et cetera, called a CD. CDs at your bank used to be like 1%, 2%. Now you can find 4% and sometimes even 5.4% as a CD at your bank. Doesn't sound like a lot, but if you go get a compound calculator, it'll blow your mind over the course of time. Also, the S&P 500. The S&P 500 sounds like it should be a meeting risk, but actually has returned on average over the last 93 years, 11% a year. Through recessions, depressions, COVID, shutdowns, wars, et cetera, it has averaged out 11% a year. Now, in the medium risk side, there's real estate, stock market, and cash flowing businesses. On the high risk side, the shot at glory, is cryptocurrency and angel investing. Some of the angel investing we're going to talk about now. Someone wants to do an angel investment. It's called a high risk investment for a reason. Oftentimes, there's these statistics that are thrown around that venture capital or angel investments, nine out of 10 fail. We hear nine out of 10 of everything fails, really. A musician, a clothing company, a record label, a restaurant, nine out of 10 of everything theoretically fail. That number can change, obviously. But on the angel investing side, when someone wants to go out there, how do they vet a deal? Someone comes and says, hey, Grainger, I want to start a new clothing line called High Level, or I want to start a new water company, whatever. How does someone pitch you and then you vet that deal. Yeah. So for me as a venture capitalist, that's different. So I live in all high risk, right? So I don't invest in real estate. I don't invest in, in, uh, in, in long-term bonds. I don't do that. I'm, I'm a high risk guy always. So it's probably not comfortable for my wife and, uh, but that's where I'm at. Right. So, um, so for me, I look management. It's always management for me, 100%. So if I think that the founder knows his market, not just thinks he has the coolest technology, right? Because everyone thinks I have the best thing since sliced bread. Every deal is a billion dollar deal. But they have to know the market. And I remember Malcolm Forbes, who would talk about this, and even Branson was really good at this, knowing your customer. You have to know your customer, the guy in the seat on your plane, right? The guy who reads your magazine, you have to know your customer clearly. If you can know your customer really, really well, and you know how to service them, then I'll invest in you. So someone gets pitched. There's a regular person. They're making, they're excited. They're making 180 grand a year. They've saved up a quarter million in the piggy bank that they can, they can make their first investment, 25K, 50K, et cetera. They got a quarter million set aside. How did they vetted deal since they're not an investment banker, but their friend pitches them the clothing line and they say, Hey, I want to start this clothing line. How did they vet that deal? Well, don't invest in your friends. No. I mean, you have to be very careful, right? Again, I go back to things that, you know, like if I'm an engineer and I, um, and I'm building, uh, different things, engineering computers or, or auto parts or whatever it is. And the guy comes to me in that space that I have some familiar area with, then I should be able to vet it pretty well, right? It's an engineering play. But if some guy comes to me with a hot dog stand, he wants to build, I would say don't buy the hot dog stand, right? And certainly not until he has five or six hot dog stands. Yes, which is your mantra. But yeah, no, I think that's very important. You have to invest in things that you know, the smartest guys I know. And I talk to investors all the time. And they say, hey, Granger, I just don't know that industry. I'm not comfortable investing in it. So I know this industry and maybe I want to break out of that, but not until I have a million dollars that I can lose. Not, not, not 50,000. Cause that's a lot of money to, to risk when you only have two 50 in the bank. Yeah. Okay. So when someone comes to you with the clothing line there a big difference between the idea of the clothing line or someone that already doing 5 million in revenue So elevator syndicate are we do angel investments We round together a bunch of investors There 2 investors in the Elevator Syndicate But we only do deals with companies doing at least million in revenue Why? Because zero to $1 million, super, super, super, super hard. It's very rare someone goes from zero to $1 million. You might be thinking, what do you mean rare? There's tens and tens of thousands, hundreds of thousands of companies doing $1 million in revenue. That's true. but tens of millions of companies try and only a few hundred thousand at a time really do it each year so zero to one million super super hard going from five million to 11 million it's not hard at all it's people systems processes marketing scaling zero to one million it's like i don't have enough fingers to say all the things that need to happen for zero to one million so if someone comes to the colon line zero to one million you can do it but just know that you're crossing your fingers. It's not just high risk. It's super, super, super, super, super high risk. So many things have to happen to go from zero to 1 million. Your friend is doing 5.2 million revenue. That becomes interesting. Now they go to medium risk or maybe even low risk. They're definitely not 0% risk because no matter what a brand's doing, there's humongous companies that can still fail or go bankrupt. However, they've reduced their risk a lot because they've proven to you that people want to buy their product. They know how to do sales. They know how to do shipping. Hopefully they've shown you their financials, et cetera, so you can vet that deal. I focus on companies that are doing that. If someone brings a restaurant, zero to one restaurant, not just hard. It's so rare that someone is successful in zero to one restaurant. When I invested into Everbull, there was 13 locations. I threw in 500K. And there were 17 locations. I raised them $5 million. And there was 25 locations. COVID happened. The whole world shuts down. Me and Cole Hatter, we buy 23 locations from them to help the company. A year later, they raise $15 million. and now they're worth over $200 million. There's 104 locations. The last round was $175 million. Amazing story. It's actually more, I think, now. Last round was at $175 million valuation. And the food's good. And the food's good. And we have one right down the street from here in Las Vegas, actually. There's 104 locations, one new one every six days. However, I invested when there was 13 locations. So Jeff Fenster already went through the hard stuff. His first location cost $345,000 to build. now 120,000 160 140,000 103,000 think about the difference of 345,000 versus 105k 145k that is a massive difference that came from efficiencies and so i got to skip the first three four years of his hard stuff that jeff had to go through so he got to 13 locations and then even though i invested at a higher valuation because i didn't take the risk with him at the very beginning of the journey it lowered my risk for my friends then when he got to 17 locations i raised five million notice i didn't raise money right away it's because i wanted to vet it now that i put in money i wanted to see what was going on i saw how good he was as an operator and boom here we are 104 locations later let's talk about the investing side you as a person is there an investment banking hat versus a granger hat because you mentioned you don't do real estate but you actually have some real estate right that you don't when you say like your wife gets nervous maybe or the concept of it you don't go all in on any one company you're not Like, hey, guess what, honey? We're putting a zillion dollars in this one deal, right? No, no, no. I'm diversified, yeah. So, no, I mean, I do a lot internationally now, right? So, you know, I had businesses in Vietnam. I was in Vietnam for seven years. And it was a great place to kind of be an entrepreneur and redo that again. Because I stopped really doing startup in early stage. But in Vietnam, that's all you're doing is startup in early stage. So that was fun and is fun to do. And in Saudi Arabia, I'm doing much larger transactions, right? multi-billion dollar deals, mostly infrastructure plays, that kind of stuff. So, you know, any of those I'll invest in. Some of them have real estate components, don't get me wrong. But this is not my, it's just not really where I look, right? I look at technologies that can really change mankind. Right now, I'm working with a company called Tevachi. And they have built a an incredible company. They have an AI machine that's 20 stories tall that prints food stock for animals. So for cows, pigs, et cetera. But they can program the actual grass to be superfood. So over five days, it prints this stuff. It's a closed loop ecosystem. And the cows are in a building next door and they actually take the feedstock goes right over the cows the cows eat it reduces the water consumption by 98 wow 98 oh my gosh they can feed the cows the meat that comes out of it is up a full grade wow the milk perfect and it reduces methane output right by significant so you're actually helping save water in a massive way you're doing this in the small building where you can have 10 of these machines at a time. Instead of 10,000 acres. Right. Instead of grazing on 10,000 acres, all the issues. You need the cows to go to watering holes. It's a massive technology that helps mankind. And I'm working with some people at the White House right now about trying to roll out this nationwide and also in Saudi Arabia and the GCC because each of those countries needs food sovereignty. And if you think about the Strait of Hermes right now, that gets shut down because of the war. Right. Anything can happen. Right. Well, they import 70% of their beef and their other food. Alifalfa, et cetera, right? So how do they get food sovereignty? So this is the perfect timing for this type of technology. And I was just lucky enough to meet them. And so that's something that I'm investing in right now. Very cool. Yeah. All right. So the third part of our segment is how to give it away to charity. You work with... My favorite. Exactly. So you work with something called a DAF, a donor advised fund. What does that mean? What is a donor advised fund? How can people research it? Give us the overview. Sure. Right. So my mission in life right now is to build a kingdom, right? So the kingdom of God, Christ. So we talk about rewards on earth and making all this money, but really what I think about is rewards in heaven, building crowns in heaven. So I work with a DAF, a donor-advised fund called the Waterstone Group. Waterstone Group is the largest Christian DAF in the country. We give away about $4 million a week to Christian charities. A week? A week. $4 million a week. Yeah. On average. I do Christian charities and support Christian businesses. Right. So DAF, unlike a 501c3 of which we have both, the DAF is controlled by Waterstone. They actually manage the DAF. And if I take $100 million and put it into the DAF, I can speak with them and say, hey, you know what? I'd really like to invest in that company I was just talking about, Tevechi, right? I think it helps mankind. I want to invest in it. So the board has to approve it. Sure. But that money then goes and they put $50 million in that deal for me. And all the profits of that, everything that comes out of it is 100% tax free. Nice. When we sell that business, all that money goes back into the DAF, the donor advised fund. I'm advising as the donor. And then we can reallocate it. Now, I can't take any money out of that. Sure. Okay. my children can't, et cetera. But we can direct it forever and hit forever history in the future and different projects that we want to do. So that's a donor advised fund, different than a 501c3. Give us the main idea. What's a 501c3? 501c3 is a nonprofit business. Ours is called Faith Rock. We support men and women who are Christ followers and scaling their businesses and different charities. You can donate to that. you. I can bring in donors for that. I can pay my staff. I can pay myself money to manage that, et cetera. And that is tax deductible as well, but not 100% tax deductible like a DAF. Why is it important for companies to be involved in some form of charity for their staff, for their customers, for their clients, investors to see or be a part of? Yeah. Well, I mean, I think that companies that have a giving heart make everybody feel better about themselves, right? If you're in a big company and you're giving to the American Heart Association, Cancer Society, anti-trafficking, like for Tim Tebow, my friend, who is the number one anti-trafficking for children guy in the world, that makes you feel good, right? You're doing good. You're doing well, but you're giving back, right? So do good, but give back. And I think that's great for the culture of a company. I also think you have to be a little bit careful with it, too, because you get into other things like DEI, other things that can be political. And I never want to politicize a charitable donation, anything I do from a charitable standpoint, right? It's not about Republican, Democrat. It's about helping people. So I pretty straight in my Christ kingdom building so I always there but certainly I give money to you know St Jude and I give the Heart Association and other people as well But yeah at FaceStone we look at things that we can really support and it really unifies the team From a household perspective, why is it important for the children, sisters, brothers, parents to see the father and mother do some type of charity work? Yeah. Not necessarily cutting a check. It's not just charity. Let me go back. Let me rewind because you had said something before. and I think I was listening to one of your podcasts, but talking children about money. Right. So I had this conversation with Beto yesterday. We were driving to downtown Summerlin. We were going to get a cup of coffee and go to the Apple store. And the kids were in the car and she started talking to me about some personal finance things. And I said, Hey, Beto, I don't want to talk about it right now with the kids in the car. And she's like, Oh, come on, we can talk about it. They need to learn. That's a problem. You don't talk about money in front of the children. They don't learn. I'm like, well, they're seven and four. They don't understand quite abstract stuff. So I'd prefer not to have this conversation, but it got us into a conversation. And it reminds me of, it is really important to talk to your children about money, whether it's how you make money, them making money, how to save money, which I talk to them about all the time, and how to give away money, right? And how it is important to be able to tie their giveaway 10 or 20%, whatever you can afford to charity, to others that are less fortunate than you. And this has always been a big thing with me. I have six children ranging from 30 to four. And even when I would tell them to go to school and they were very fortunate, you know, I'm like, listen, guys, if a new kid comes to school, you'd be the first one to shake his hand. Right. If a kid needs some money for milk or something, you pay for it because you have money, you know, help always help, always give a lending hand. And that is a core human thing we need to build in everybody. So I think it's hugely important to talk about kids about charity, but equally, if not more important to talk to them about money and how you use money and what money is, you know, as a tool for building. So the important topic about charity is a lot of people think that it only is about cutting a check. A hundred bucks, a thousand bucks, 10 grand or 10 million. The numbers are relative to your situation. However, you can actually do charity in other ways. Your cell phone is a powerful tool for charity. You can help through social media. You can help through texting your friends, calling your friends, rallying the troops to come together around something, whether it's a toy drive, a Thanksgiving food drive, back to school, helping the homeless, taking your friends to the senior citizens home, taking them to the children's hospital. There's so many things you can do that don't involve money. Putting in your time and energy. You spending time at a senior citizen home volunteering, you going to the children's hospital and playing with those children, they obviously have programs for these things. You don't just show up at children's hospitals, don't just show up at senior citizen homes, but they have programs for this where you can actually go spend time. They will remember that and care about that more than your 100 bucks or your 100 million. Well, time is the best investment you can ever give anybody. Yeah. you rallying the troops for an event or an organization or something you care about when you find something you care about in the charity space it will drive you to want to call hey granger will you show up to my toy drive hey granger i'm doing this thing for the homeless on saturday if you don't have someone that was impacted by homelessness in your family or friends or somewhere in your circle you might not have the same passion but if someone was impacted by cancer or a specific type like breast cancer or Alzheimer's or something happened within your family or friends or someone in your ecosystem, you will have passion to say, hey, Granger, will you donate a hundred bucks? Hey, Granger, will you show up to my charity event? Hey, Granger, my grandma's hosting a dinner. You will have passion for it when you find something you care about. So think about in your life, in your world, something that impacted you or someone that you care about. And that might be the thing that you want to get behind. You don't have to get behind only one charity. But that's typically what people ask me for is like, I don't know what to donate to. Think about for yourself. Were you impacted? Did you lose a friend to suicide? Did you lose a friend to alcoholism or drunk driving? Did you lose a friend to something that happened with Alzheimer's or leukemia or your grandparents? Something happened? That's a lot of times where you can find that driving force. Granger, there's only one question that I ask over and over and over in the last 300 plus episodes, and I've never gotten the same answer. And I'm for sure We're not going to get the same answer today with you. Many, many, many, many, many years from now, hopefully 50 to 100 years from now, Granger finally passed away. However, along the journey, you've done 174 more investments and created billions of dollars of personal wealth for yourself. You tithed 10%. You gave away hundreds of millions. But now you've got this huge, let's call it $3 billion saved up in the piggy bank. What percentage do you leave to those children? Oh, that's a great question. Yeah. So that's a whole other thing. So making money for a family and creating wealth in your family is something that I grew up with, right? So my family's in banking and estate planning, et cetera. So you can create a great amount of wealth, not just in making money out there, but understanding how to put a family office together, a family company, how to put assets into trust, how to fund that trust with life insurance. Life insurance is the best lever in the world. Ten to one you can make on any life insurance investment that creates a tremendous amount of wealth for your family on your passing. You can also use that to fund different things and businesses and offset taxes while you're alive. So, yeah, so I set up trust for my kids. They all have trusts. What percentage? Well, right now it's a large percentage. But in my DAF will probably hold probably 75% of everything I have. Another 25% will go to my kids. Very cool. Okay. Last question. We're going through wild times in the media. People are nervous about job security. They're nervous about AI is going to take all the jobs. They're nervous about the stock market and Bitcoin's crashing. Bitcoin went up. And how do people stay calm during the chaos when there's so many things getting bombarded at them? when it comes to money in the media? Well, so that's a different conversation, right? To me, that's a spiritual conversation, right? I find Christ, right? That's where I go to. I pray and I look for his guidance in everything I do. So I was talking to my mom about four years ago. I moved here to Las Vegas a year ago to be near my mother, as you know, because she was getting older and she's 88 now. And I felt called back. But part of that calling was God calling me back. And she asked me four years ago, what's going on with you? Why are you so calm? Like, this is not you. You're like race car guy, rocket guy, investment banker, cruising all around the world. And I just said, Mom, I have completely surrendered. I've surrendered to God, right, to Christ in my life. Surrendered. I mean, that's absolute surrender. And it gives me this incredible peace at all times. So the noise in the media is noise I don't pay attention to anymore. And the reason I left the United States seven, eight years ago to Asia, to go back to Asia, was because of the pop culture and commercialism and the politics and bifurcation, all that crazy stuff that was going on. And now I'm back in the middle of it all and it doesn't touch me, right? Because I have a higher power. So whatever your higher power is, whatever it is, come out of yourself. Don't let your ego make decisions for you because ego kills every business. The nine out of 10 businesses that die, seven of those die because of ego, right? And get out of your ego, get out of yourself, find something bigger than you to believe in, whatever that may be. Maybe it's your friend group. I don't care what it is. And you'll find a calmness and a peace that will endure forever. So ego is not your amigo. No. All right, guys, as you know, we run these commercial free for the last three and a half years. There are companies that I work with. Obviously, I'm wearing a high-level sweatshirt right this second. High-level is a multi-billion-dollar company, but it actually powers my entire back end. I don't go doing promo codes or affiliate codes. I literally use high-level. That's why I'm actually wearing the shirt because I actually work with the company for many years. I speak at the high-level summit. They're just an amazing company to power my entire back end. And also with FanBases. I've been with FanBases for years now. FanBases has done over $1 billion in transactions for influencers, creators, coaches, etc. FanBases also powers my systems. And it's so impressive. And they're actually going to be doing a very large round of funding now in the investment banking space. Great team. A great man. Exactly. I mean, everything we talked about, that's a company. They have all the checklists. Exactly. And they have over 100 employees now. It's just wild to watch how they've gone from 4,000 creators to 9,000 creators just in the last six months. All right, guys. These podcasts, again, might be seven months from now. You're at lunch. And you're like, wait a minute. I remember Granger. He mentioned this thing about faith. Or he mentioned this thing about investment banking. and you forward it to your friend and have them listen to it. You commenting, subscribing, sharing these episodes and these clips is what helps keep us in the top 10 in the entrepreneur category and the top 50 in the world of all podcasts. It's because of you. So I appreciate you guys. Go visit us at themondaymondays.com. And we'll see you guys next Monday.
