Why Airbnb Is Dying & Crypto Is the Future — with Jason Lee
12% a months. Yes. Are you kidding me? Crypto trading is uh volatile and it is high risk. We'll say, "Yeah, that's actually a good investment." Oh my gosh. And I sold everything. We created the crypto fund where investors don't need to think about it. We do something very unique that other people don't really do. What happens like when the market is goes up or goes down, it doesn't matter. We don't just want any investor to invest. We're very particular on who we want to work with. What's the best? My daughter is earning 1% a day now. Wow. Insane amount of gains that I I can't really talk about.
Welcome everyone. I'm Sardinov, founder of Home Alliance and Group of Companies. We are 100 million home service tech platform. Today I'm going to be having a conversation with my guest Jason Lee. Hi, my name is Jason Lee. I'm an entrepreneur and a fund manager for a fund of funds 506 C regggd fund. We primarily invest into crypto funds and crypto companies. Jason is entrepreneur, investor, successful business owner of Airbnb property management and now he's actually moved into fund of funds investing in crypto crypto funds and we're going to be discussing a lot about blockchain AI crypto funds. It's going to be really fun. Continue watching. [Music] Jason, great to have you here. Let's jump right in. All right, tell me your story. I was born and raised here in Los Angeles, California. And uh Korean-American and uh parents were from Korea. They came around 19 I would say 87 around that time. Yeah, they started from scratch and I'm the only child. Parents divorced when I was three. So my dad took care of me as a single father. I'm the only child and so you know later on he remarried when I got into high school. I got two step twin sisters. For me it was always about family. Uh I think that's what I really wanted because growing up uh I didn't really have a place to call home or a family. I just didn't really care about school. uh would ditch school to hang out with these gangster friends, but to me they were like family. That's why I hung out with them. High school, my GPA was pretty bad. It was 2.3. Wasn't a great example during that time. Uh but after high school, um I saw that there was a second chance. And my aunt uh on a Sunday when I wanted to play World of Warcraft, I was a pretty heavy gamer back then. Uh she's like, "You better go to church." like, "No, I don't want to go to church. I want to play games." And she was a really good salesperson that she kind of uh forced me almost to go to church. And uh my life just changed because this church when I went there, um I felt like this was a true family. After I got radically transformed by becoming a Christian, uh a believer in the church, uh I literally went on cloud9, which is why I transferred one year from Glendale Community College to go to Biola University. It's a private Christian school. After graduating, however, it was one of the hardest seasons of my life because Biola being a Christian school, it was a bubble. So, everyone there is so nice, but the moment I went into the the real world in in the workforce, oh man, you run into so many different types of people. Um, some of them are like sharks. And I was not prepared for that. And you know what got me started in my my business journey was when I my first job, I worked at sales as a T-Mobile salesperson in Korea Town. Mh. And most of my customers were Koreans. And I was teaching grandmas how to use their phone, their smartphones during that time. During the time I as I was working, I read Rich Dad Poor Dad. That was one of my favorite books that got me started on my journey. Read Napoleon Hill, Think and Girl Rich. One of my role models was Tony Robbins. Really deep into it, reading his books, listening to um some of his teachings on YouTube. I did that for a good amount of years when I was like, "Okay, I think I need to finally uh put what I read and what I learned to action." You know, I quit my my job. I started living in a garage. Do you already had a plan? I didn't have a plan. I was just going to go right in. And so, I decided, okay, I'm going to drive Uber on the side while I start cold calling bunch of uh homeowners. Uh the my first business idea was to do Airbnb management before Airbnb blew up. I knew that people were making two times more than the average rent. And so I would just go on Zillow or Craigslist and find, you know, homeowners that were saying, "Okay, $2,000 for twobedroom in Venice Beach." Back then it was a lot cheaper. But I realized, you know, I can make him $4 $5,000. So I'd call them saying, "Hey, do you know what Airbnb is?" Most of them didn't. How are you going to do it? And as I went through the process, I got my first three clients and it was actually really difficult. It wasn't easy. There's so many things involved in Airbnb where you got to deal with people's emotions. You got to get the right cleaners to the right. So you didn't learn some Well, you actually came up with it on the go because you just knew the difference of arbitrage. Correct. The rent versus Airbnb. Correct. Yeah. I just went with it. You know, looking back, I part of me wishes that I had a mentor. It would have saved me a lot of headache because, you know, I remember I quit one time and then I got back into it and then I wanted to quit again. Every time I wanted to quit, I just started getting more uh leads, more uh clients. I'm like, there's got to be a demand here. So, I just stuck with it. Eventually when it grew to like 30 30 properties uh that's when I was able to be like oh wow like it's finally working. But from there it was getting difficult as well because um I didn't know how to scale and some of the people that I tried to partner with they weren't the right fit. Some of them actually stole money from me. Employees uh tried to steal clients. Um, and there's just not a lot of I guess you call it integrity and ethics. Yeah. And, uh, went through a lot of hardships. I guess the best decision I made, uh, was to find someone trustworthy, a business partner that I can delegate to handle a lot of the operations. This business partner of mine, uh, really helped us to scale to the next level. So, I believe you have a business partner who does the day-to-day operations, right? Correct. And how many uh, customers you guys have now? Client-wise, we have like about 50 to 60 clients. But property-wise, we have 180. 180 properties you guys manage, right? Investing is not about money. It's about vision, partnership. It's about value. If you like to become a top tier entrepreneur, subscribe and continue watching this video. What is the average rent on those properties? They're all different because some are like onebedroom, two-bedroom studios. Some are luxury fourbedrooms, some are apartment complexes. So, if we're to get an average, I guess you can say like I don't know5 to $8,000 a month is the average. Right now, we're focused more on luxury because it's generating like almost $18 to $30,000 every month. How your organization structure? My business partner is the operation manager. So, he created the whole SOP, standard operating procedure. How you became partner? I got introduced to him through my business partner right now in my uh crypto fund that I'm doing. Uh and so his name is Jonathan. So Jonathan introduced me to his friend Brendan that he's known since he was like in middle school. So you already knew about partnerships like how you came to the partnership. I've always wanted a good partner. Yeah. Um you didn't want to do it yourself like Yeah. I didn't want to do it myself and you know I told him you you know you can be an employee in the beginning if you can learn everything and take over everything that I know I will give you equity into the company and so that's exactly what he did he worked like so you basically convert from employee to the equity so now you guys what have 50 uh he's 40 and I am 60 got it and uh he is or he was working like 12 hours every single day Monday through Sunday didn't take a break freed up a lot of my time which allowed me to do other other things. So I'm very grateful and I'm very happy and grateful for Brendan coming into my life. What do you think is going to happen to Airbnb industry? When I first started it was amazing. Not a lot of competitors. Mhm. Now we have a lot of competition. There was zero regulation back then. Yeah. Uh now there's a lot of regulations within every city. I mean, some cities are not regulated yet, but it's become a lot harder with uh cities cracking down and making it harder for people to manage properties on Airbnb, which is interesting cuz you know, we have the Olympics coming up and all the hotels are not going to be able to fill it up. So, it's like, hey man, like we need these homes. Probably a Pacific Paliside also affected some, right? Correct. Yeah. And that was I guess one of the only times where I felt wow this this business is actually bringing uh value and help to people cuz just just knowing myself like I just cannot do a business or work if I feel like there isn't a purpose or a vision behind it. For me, I was like back then, man, like I'm helping owners who already have a lot of money make more money or I'm creating an experience for guests to come. That just wasn't really like didn't really, you know, touch my heart as much or excite me as much. But that's why I say going back to the whole fire incident, um, I realized, whoa, I'm kind of glad that I had a lot of these properties because through my network, I I have a large network right now, almost a thousand people that are in business. And those guys were very active sending people that they knew that needed a place to stay because their home burned down or they needed to relocate. And so I was able to help families uh get midterm or long-term rental properties. And so I guess uh moving forward, we are transitioning some of our homes right now to more midterm and to more long-term uh strategy uh but also having a hybrid of short-term and how many uh in order to run that kind of operations with 180 properties you have your partner Brandon and how many uh assistants or like cleaners, handymen, I don't know what else you do you need to have to have in structure. Yeah, right now we have about like 50 cleaners, 10 handymen, we have a designer, we have a photographer, a local assistant, we have my business partner, and about seven VAS. What is the the expenses and what is the profitability on the business? Normally, a lot of the expense goes to um I mean the the cleaners are, you know, more like $10.99 we outsource and obviously with Airbnb we can charge the cleaning fee to the guests. So we use a lot of that to pay the cleaners. And how much does the cleaning cost? Like 120. Boy, I believe we spend Yeah. 120,000 a month on cleaning right now. 120,000 for cleaning. Then with our workers, employees, roughly about 20 to 24,000 every month. Got it. Yeah. So what is your net profit then percentage wise? Percentage wise, I believe we're at like maybe 15 to 20%. Is there any big companies in US like who's doing the similar things? Yeah. Yeah. I would say like Avant stay is one of them. Uh the biggest is Vicasa. They have like 30,000 plus homes under management. But how they are dealing with uh local licensing and permit things at the moment? Well, some a lot of these guys they're majority of their homes are in other states. So only LA has that problem? Well, LA, you know, you can get permits as long as they're not, you know, rent controlled. If if you're a rent control home, which a lot of homes in LA are rent controlled, uh you cannot get a permit. Mh. So, a lot of our homes are like single family homes or brand new construction. Yeah. Where we can pull permits through the owner's information. And with the permits, we're, you know, able to operate here in Los Angeles. So, we just made it our, you know, priority to just get more homes with permits, um, or, you know, find, you know, homeowners that are trying to do Airbnb, but they can't or maybe they have a bad manager. Yeah. So, we want to come in and to be able to help because I would say that our level of operations is a little bit more detailed than a big company like Vicasa. Yeah. Uh we did have uh you know some clients say hey we use Vicasa. It's just they don't really pay attention to us. I mean because they have a lot of homes. The cool thing about like Brendan is that he would personally even go to some of these houses and spend time with these owners and so he gives a lot of attention to detail. Let's say if I want to um give out my house to Airbnb and actually buy another house or move what the unit economy is going to look like. Well, the first question I would ask you is um you know, is it rent control or not? And um if it's not, then I will pull up data using a third party uh software. Yeah. That's kind of like Rentmeter or like CoStar. Um and I can find out how much, you know, like within a 3 to 5 mile radius of your competitors, how much they're making. If it generates a decent amount, then I would say, "Hey, you know, this might actually be a good uh opportunity." Got it. However, you know, to be honest, I haven't been seeing too many uh homes out there that are worth it, especially with the the home prices right now. It's just crazy. Interest rates are crazy right now. And so, I think even the long-term rental market is struggling, too, cuz you know, if you have a long-term renter, how are they going to pay for the mortgage? Things are shifting right now. And uh I don't know what it's going to look like with the economy as the economy is affecting. Yeah, it is. you could definitely see that um you know some some management companies lost about 30% of their portfolio or their revenue. So, wow. That's why right now we have to do our due diligence to see, okay, that's that's a good area. Like that's the uh purchase price of the home. And I like to look at the cap rate. And if the cap rate is about 8 to 12% at least, then we'll say, "Yeah, that's actually a good investment." That's why we don't just take in any clients. Yeah. Got it. So basically you have to first in order to actually evaluate my house you have to check the address if the house is if it makes financial sense or not. Correct. Correct. And I believe your your your shift is switching to more to what funds right. Correct. Yes. Uh that is my passion project. I like it better cuz the people there are more relational and intentional. Yeah. Yeah. Because Yeah. I also go for the group. I love it. I love family and community. Yeah. You know, for me, I always want to diversify and see what the next opportunity is because I want to see what can last long and what can actually um you know, bring generational change and, you know, legacy transformation and that's why I partnered up with my my friend Jonathan. Yeah. Uh to start pretty much a fund of funds that invests into crypto. What what is what is a fund of funds for the people who don't understand? Yeah. So fund the funds is uh you can just think of it this way like you guys might have done fantasy football or fantasy basketball and you want to choose the best players but you're not going to be the basketball player or the football player like uh traditional fund you know they're the ones that are doing the trades buying the stocks and um doing the operational work. Our job is to find the all-star team. Yeah. In the crypto space to see who's the best of the best. The fund of fund is all crypto or you guys invest in other verticals as other funds as well. Uh right now the primary focus is crypto. However, we are implementing other um deals there which is the beauty of our fund of funds. Um and each of them they will have to sign a deal disclosure. One of the ones that we are implementing it's it's uh it's through another you know fund or company that collects judgments and they have a law firm that you know goes after judgments and so they need investment money. So basically a fund of fund invest capital to the crypto funds right correct so we will invest the funds into you know one we have a uh they have a manual trader. Yeah, that manual trader is doing futures um doing shorting and longing, leveraging maybe like 50x leverage um and also spot trading as well. Um and so there's different strategies that what do you think is going to happen to economy with new administration like in the crypto? I mean you know next with Trump being president it looks like uh things are getting better uh in the crypto space. We see traditional finance people like Black Rockck coming in right now. You have uh banks even coming in. I believe JP Morgan said it recently saying the the next digital gold is uh Bitcoin. Yeah. Because traditional finance people are coming into um the crypto space. I believe it's becoming a more legitimate I think they won't even do a Federal Reserve or something on the crypto, right? Yeah. Yeah. Yeah. So it it's it's beautiful seeing that. So I I do see that. uh this is a great opportunity. Unbel unbelievable. I got in when Bitcoin was only like $200 back then when I was working my 9 to5 and I heard this, you know, this voice in my head, my conscience saying, "Hey, every every month with your paycheck, just put $200." I just didn't listen to it. I believe I had like what, I don't know, like 20 Bitcoin. Yeah. You know, back then because it was it was cheap back then. And then when it when Bitcoin shot up to like $5,000, I was like, "Oh my gosh." And I sold everything. I just didn't know back then of like holding on or dollar cost average. And so I was like, "Dang." But I was young back then and I was like, "Oh my gosh." I bought a Bitcoin I think when it was 16. Yeah. And I sold it when it was 18. And lost like a I think like I don't remember 50 or 75,000. I bought it with a huge amount and I said, "You know what? it's not for me. I need peace like I don't want to think about like volatility of the crypto because I want to focus on business and from that and I even went to mining actually I bought a video cards and tried to mine as well. Yeah, I understand that's why like uh we created the crypto fund where investors don't need to think about it and uh we do something very unique that other people don't really do. Yeah. What what those funds average they giving it average per year? Yeah. So right now we've been hitting about about 12% every month right now. 12% a months. Yes. Are you kidding me? I'm not kidding you. It's it's How much is it per year then? Well, if you compound it then you know it's going to add up to a lot. It could be like 150% 144 to be exact. Wow. But then I'm talking about compounding as well. So if you compound it it's going to Yeah. Yeah. Yeah. It's going to add up to like 150%. Maybe even more. Yeah. Yeah. I don't know the math on top of my head with compounding. Right now we we do like 70 days contract for that. So after 70 days, uh their principal and the profits go back to them and they can decide what they want to do. Do they want to compound everything? Some people pull out some of the profits and so you know from there they can decide what they want to do. If you want to get more information about the crypto fund and the fund of funds, you can visit us at
legacyblock.xyz or email us at jasonleacblock.xyz. What happens like when the market is goes up or goes down? Good question. It doesn't matter because um and you're trading on all cryptos or uh just just Bitcoin. Just one one one Bitcoin. Bitcoin because it's the most predictable most volatile for us. The trader has to see that Bitcoin is volatile. So, it's better for us if it's going up and down. Okay. Like really fast because that's where you can make the most amount of money. So, if it goes down, he can uh do a strategy of shorting. Yeah. And so, he can make money off the shorting. If it goes up, he can long it. And so, it really doesn't matter if it goes up or down. It's just a matter of our trading strategy. and how to implement the the shorting and the longing. So we we do futures trading, that's what you call it, and then spot trading is the other thing where we you know if Bitcoin goes down, we'll buy Bitcoin and then we'll wait till it goes up and we'll sell it. That's spot trading. Wow. Interesting. What is the minimum investment in your fund fund of funds? Minimum is uh 100K. 100K for for that deal. Yeah. And then um right now the maximum we have for our fund is about 100 million. But it's not from one investor. You mean you mean total? Yeah. And we can only take about 100 investors total. And it's all legit. It's all like controlled by SEG. Yes. So we are a 506 uh C uh fund. So we're regggd and so we can um publicly solicit only to accredited investors. And uh we're not brokers, we're not dealers, we're not your financial adviserss. And so people would have to get their own, you know, tax attorney or lawyers. So, you know, we don't just want any investor to invest. We're very particular on who we want to work with. You have some reserves buffer. Yeah. So, our fund of funds right now, um, we have a 87 page long p. It's a pretty long contract. Um, it states that we have a treasury that 10% of the the gross profit from, you know, these other funds that we invest into, let's just say they made, I don't know what, $100,000. Yeah. Uh, we'll take 10% and put it into a treasury. Mh. And then that treasury is there so that it can buffer uh all of our investors in case something ever does happen, right? And the cool thing is the the manual trader crypto fund or the company uh they also have a buffer. They set aside x amount of uh USDT. It's a stable coin. So it doesn't matter if Bitcoin goes up or down. It's onetoone with the US dollar. So basically it being one:1 you know as long as the US dollar doesn't crash then it'll still remain stable. USD I got you. You're right. the USDT they have a a decent amount of money uh set aside. Yeah. To you know buffer people's principles just in case something happens. That's why uh it's a little different than what I've seen like other traders do out there and it gives you a piece of mind because you know crypto trading is uh volatile and it is high risk um if you don't know what you're doing. So if you compare the hedge funds, the private equity funds, the real estate funds, venture funds, fund of funds, what differences you see and and the current economic situations for next four years during new administration, what do you think is going to happen? For us, we're a fund of funds. The beauty of it is that we do our due diligence to find which fund or company to invest into. So that allows us to not really do the day-to-day operations. Uh because a hedge fund would be more of the ones doing the trades because you would need a license to trade for other people. So the hedge fund would do that. So we're not really a hedge fund. That's why we chose the fund to fund route and actually fits our personality type a lot better because uh we want to be hands-off and to be able to to find the right deals, the best deals and and to just plug in um the investment money into these different vehicles. So that's the beauty of the fund of funds is that you know if the market changes our job is to do our research and due diligence to find what's the best. And so we always want to find something that's low risk but high reward as well too. Uh cuz back in the past man we did some high risk high reward ones and uh it was very difficult and we learned the hard way and there were some angry people and we weren't structured back then. We didn't know how to create a fund. We just had a really difficult time and so I'm glad that that was the cost of our education. Oh I remember the story. Yeah. Yeah. It's a painful story, but um back then for us, we we you know didn't know any better and um we got into the wrong investments and uh some of them were scams or some of them didn't know how to trade and it was just really bad. That's why for us we're like okay like data is something that we look for now. How many years have they been doing it? Uh do they have audits? Uh who are the people behind it? And so now we want to be able to have full transparency and uh proximity to these companies and funds that we're working with. Back then we didn't even know who who the the trader was. We've never met the person or we've never met like the company themselves. Mhm. So it was just uh our lack of knowledge back then and lack of due diligence. Uh but you know, thank God like you know, we were able to learn from our mistakes and now everything is by the books. Yeah. Um do you trade yourself? Yes, I do. Oh, really? Yeah. I'm not that good. It's pretty difficult because my emotions will get in the way. And I think a good trader knows how to be somehow robotic in his nature. And uh I think when emotions get in the way, you you make bad trades. Uh that's why you know there are people who do demo accounts when it's not their real money and they actually do a lot better. But then when they put the real money on the line they're like oh man I I can't make the same returns. And you trade on the stock market or you trade on crypto? Crypto. I trade myself. I do shorting and longing as well. Uh but just not a lot of money. I I just try to like practice here and there but you know not as good as the the trader from the the crypto fund. So my daughter is earning 1% a day now. Wow. Doing stocks, options? No, no, no, no. She's She gave me $400 and I give her back. It's actually It became 500 now. It was like every day it was adding $4. $4. It became like 500 now. So now it is growing up 5005 like in the daily bas. I'm just teaching her compounding effect. So you're like a super high yield savings account pretty much then. But she kind of goes every day to that calendar. She basically marks that off. Yeah. And actually one day she came to me like, "Dad, are you sure not you you're not lying to me?" Like says, "No, no, no. Here's like can I touch the money?" Like I give her like that $400 or $500 like go here. And she played with it and she came back to me like, "I want to put it back." Says, "Are you sure you can sleep on it if you want to, but you're not going to earn money?" "No, no, I want to earn money to keep it." Wow, that's a really cool lesson. And I got to use that for my child, too. Interesting cuz I I just saw one of my um part of a group called Go Abundance here. And um they have some awesome people. And they're just more than about making money. They're holistic family, health, and uh friendships to you know, they call it like five pillars of wealth. And I think some people are wealthy in just money, but they're not wealthy with their family. And I just remember seeing a video just recently from one of we call them GoPros. He showed a video clip of taking his son to uh like a airsoft gun place. So he bought bunch of airsoft guns and um the father was trying to teach him that spending money is not just for yourself but for generosity and you invest into your friends. So his uh son bought some of the airsoft stuff and gave it to his friends to invest into their experience and their relationship and he was teaching his son that investment is also investing into people in your life bringing value to them and and it pays long term. Yeah. Who you know is you know the most important thing and the the relationship you foster. Can you tell me uh about the challenges of raising capital for the fund of funds? Yeah, I think some of the challenges that I faced when it came to raising capital, I mean, this was back back then. Um, I try to like reach out to people and um pitch that's pitch a deal. Uh, which is why I like my mastermind group. They have a new policy. It's called the no pitching policy. When I first heard, I'm like, what? How are you supposed to like, you know, share about your deal? And you know, I I was able to learn that you really don't have to go out there pitching your deals to people. Um because when you do that, you're just trying to gain another dollar from the other person. You're just coming from the approach where you want something from them. I really don't do that anymore. And I saw that just sharing my story and what I do brings people to uh be interested. and I just share. Oh, if you're interested, uh, we can, you know, share about what we do. Yeah. A lot of times that just comes naturally by me just spending time and building relationships. So I I spend a lot of time like getting lunch, getting dinner, um going to Russian sas and stuff and just that's majority of my my week is just literally spending time with people and not just talking about what I know or what I do but like one of my core values is to find out what is the other person's vision, what is their value and how can I help them as well. And so if there is a synergy and synchronicity within if we could potentially go together, then I'm like, "This guy might be a potential good fit, right? And sometimes I could feel it. I'm like, "Oh, this person's interested. Hey, why not?" Like, "Let's go together." So I I really don't just go out like trying to pitch deals anymore. Yeah. I just try to find out like who they are, what they want. Yeah. And uh if we can go towards a bigger vision together, and that's helped tremendously. So what do you think about the future of uh alternative coins uh like with the blockchain AI? AI is a very interesting topic because um AI is able to collect data faster than a human being. Yeah. But also while collecting data they're able to execute a plan a lot faster than a human being. So it's definitely going to save a lot more time, bring more efficiency. Uh we're already utilizing AI right now in the crypto space utilizing uh AI arbitrage just collecting the spread of the coins. Back then like 201 what 16 we were we called it the Kimchi premium like the Koreans would uh buy Bitcoin in the US exchange and then send it to a Korean exchange and there's a spread the the price of the Bitcoin is you know a little different but you're able to arbitrage that. Uh, but we weren't using AI back then. It was just a a human being doing that. Now with AI, we're able to do that a lot faster. And it's been a world changer, bringing insane amount of gains that I I can't really talk about because, you know, traditional finance people don't believe it and uh it it is an insane amount. What kind of numbers are they? Depends on how much margin you put. Uh but I I I've seen someone put a million dollars and he transformed it into $18 million and what period of time? Eight months. Eight months. Yeah. Obviously, you can't really do that with a larger amount of capital because there is a law of diminishing return. Mhm. So, it's easier to do it with a smaller amount. So, um you know, once it gets bigger and bigger, can't do it until more and more people get into crypto. Yeah. uh so that there's more liquidity which is pretty cool because you know there's only about 5% from what I heard in the US of people actually utilizing crypto that's a very small amount I believe when when uh more and more people all around the world start utilizing it then shoot the liquidity is going to be there yeah uh right now all the the big players like black rockck traditional finance people uh banks institutions are getting the value is there right like because when transferring the fee is not that high. Liquidity is there. Like as a value as a currency, it's better than any other currency out there. There's going to be less and less Bitcoin every single time they they have it. The supply is going to go smaller and smaller. So, it's not like you can just print cash like all the time and then inflation happens. So, it's it's a lot better in my opinion. And then you know someone like Michael Sailor believes that I don't know was it like 20 years from now he thinks that every Bitcoin you're missing you're losing out on $14 million. That's what he thinks and who knows it may happen. So you're you're not too late getting into the game if what he's saying is true. So probably the best way is just invest in fund of funds. Yeah. and and more and more from what I heard is that uh traditional finance people are going into the alternative investment space because they're seeing that there are higher um returns more so than like real estate or you know stocks and bonds. So they're like slowly coming into the alternative space because the times are changing. I think some governments also have have that right like I think the Salvador has it like Ukraine, US. Yeah. Yeah. and Russia too and uh Trump with his uh you know treasury and and the the crypto space that he's getting into. He created a cryptocoin. Yeah. Everything's eventually going to all have to go digital and um I mean it's already digital back then like we're you know sending cash and checks to each other. But now like when was the last time like some of the people that we know would physically go to the bank themselves? We do everything online already. It's only going to get better with like uh you know cryptocurrency and AI coming into play. And I I believe the beauty of AI is that it's able to detect uh fraud and you know see if something is wrong within the data faster than a human being. So it's going to be able to help control and regulate the space in in a efficient way. Can you share about like personal efficiency? How you manage your time? How do you manage fund? And how do you manage relationships? To be honest, right now I just got a newborn. She's uh 4 months right now, my daughter. And u majority of my time goes to my daughter and my wife. That's a luxury to have. It is a luxury. That's the beauty of the fund of funds. It like frees up a lot of time and uh creates, you know, cash flow for me. I structure it around like, you know, when do I need to take care of my daughter? So me and my wife uh once a week we would write in our calendar um what we're doing in that week and if there's an opening I would uh find a time to get on either zoom calls get lunch or dinner with uh someone from my you know go abundance group or someone in a network meeting or meetup. Um and I'll spend majority of my week just building relationships. And so that's how I structure it. It's very free flowing. It's not like um like some other people and that that have their own business and operation heavy or maybe someone like yourself where I looked at your calendar. It's like art of war in the morning and then boom boom boom boom boom like get got to get on a Zoom call and it's just packed. No, mine's not like that. Uh however, learn from you. Huh? I should learn from No, I I'm saying the opposite. I feel like sometimes I I should learn from you cuz uh I feel like systems do create more freedom. Back then I didn't really like structure. But I'm very happy and grateful for my uh business partner and friend Jonathan. He created uh structure for me. It's called the the six months goals/visions utilizing the sixfs. And so six Fs is your your faith, your friends, family, finance, your fun, and your fitness. Uhhuh. I had a hard time structuring as a goal last time because I felt like, you know, let's just say one of my goals hit 10 million. It's just, okay, what are you going to do with it? But after talking with Jonathan, he said, okay, what would it look like and feel like for you when you hit 10 million? Yeah. or what would it look like and feel like for you if you had a healthy body, amazing family, uh you had the most adventurous fun in your life? And so I structured all of that 6 months where I wrote a letter to myself. Actually, today is July 26, 2025. I achieved $10 million and I'm so happy and grateful because I'm able to buy a house for my wife and my family and all my friends are inspired by how much wealth I have and I was able to generously give to a nonprofit organization to my pastor and uh support my mom and my family and like so I brought the the emotion and the the vision behind it for friends in that category I wrote like in in the next 6 months or today's July 26, 2025, I made 120 new connections that are successful people who are holistic in business, finance, and uh health and every every area of the lives. Yeah. And I already hit that goal. Wow, that's good. Congratulations. And uh joining the mastermind, I was able to achieve it a lot faster, but it it just came naturally. And then within the six months, you do a oneweek goal as well. Yeah. So each week with an accountability partner, we would just uh go over, hey, did you do this? Well, why didn't you do it? If you didn't do it, they'll be like, all right, like we're going to keep you accountable. You're going to put $100 into the pot that us as a group are collectively going to use. So, it's beautiful having uh we call them go pods. Uhhuh. In our group. And uh it's like I realized everyone needs a pod like a killer whale pod. Yeah. or a wolf pack. And back then I was like a lone wolf. But having a a pod like-minded people going towards the same vision is the most amazing thing. If things don't align in the success, then they're not priority for me. Yeah, I have a similar board, but that board is kind of a it's a family, health, uh fitness probably, right? business, finance, learning, spirit and hobby like uh probably it's like similar way and that's kind of a success is like for me is a freedom then I have to kind of put something in a similar way freedom no regrets proud grateful uh pure spirit help more and be fulfilled right like yep it's like you build a kind of a matrix and you put those things as sticky notes and kind of remove those Oh yeah. Yeah, that's awesome. What is your favorite book? You know, I would say it it has to be Ken Honda, Happy Money. You know, for me, I'm all about like friendship, relationship, and a lot of times I believe that people have the wrong relationship with money. That money can be a friend as well. Ken Honda talks about happy money because sometimes like, you know, someone living paycheck to paycheck, they're like, "Dang, I have to give the landlord money for rent." So automatically his relationship with money is like a place of lack of poverty of like h versus man thank you so much money or thank you so much to the landlord that you've provided us for a place to stay. It can even be employees like you're giving money to employees and they're like wow thank you so much or like the other way around like me as the the boss or employer would be like no thank you so much for your service. Like there's an attitude of of appreciation and that's the relationship that I've always wanted to have is to not be afraid of money, which most people are. That's their fear. Cuz imagine if money is your friend and they knock on the door and you're afraid of that friend and you don't open it up, then money won't come into your your life. But if you're not afraid of it and you see it as a friend, um you know, you can do a lot together. And the Bible says, you know, the the love of money is the root of all evil. You don't have to love your your friend. You can like your friend and be friends with them. And actually in the Bible, it actually says make friends with Mammon. Jesus actually said that, which is so interesting. And so a lot of people don't understand that concept. And I think Ken Honda really nails it down. He's he's like a life coach. And a lot of the people that pay him for his, you know, coaching Yeah. are so happy. They're like, "Thank you so much. You changed my life." If you like this video, don't forget to like and comment and subscribe and uh look forward to seeing you on the next episodes. Do you think Elon Musk and Trump are playing with crypto? Oh yeah, they're they're most definitely, you know, playing with crypto for sure. I believe I forgot where I saw it, they disclosed like some of the portfolio that Trump has. Yeah. And so they're they've invested, you know, their own money as well into crypto. So, and I think they moved so much money in crypto to Ukraine and back and forward probably is the Oh, you mean Trump and Elon or No, previously. Yeah. I mean, you know, some say that Ukraine is like the number one money laundering, you know, country. They supported just the moneyaundering purposes. Yeah. And then now Trump is uh splitting him up like opening everything up. Yeah. Trying to get his money back. And he's a true businessman um and a good negotiator. So yeah, I really like what he's doing. Yeah, I think hopefully the war is going to end. Yeah, I really like it. you know, the ceasefire and um him talking with Putin and finding ways and it's so funny like it it all sounds like business to me at the end of the day too because you know Zalinski and also Putin was asking for guarantees and even in the business world people are asking for guarantees but you cannot give really give guarantees like you know there's no such thing as a guarantee and I don't know if you can really give guarantees in in a in a act of war or a time of war either but I do know that learning from business you can uh bring historical records and data and track records. Yeah. To really help you know countries and people through integrity and through their words what they say they will do and so I've already seen like multiple times Trump said he will do this and he's just been doing it. Been doing it correctly. Yeah. Yeah. Panama canal he did it. I think the Greenland at first I thought it's a joke. I think he going to do it now. He's doing everything. So he he really the Canada I think it's going to be the 51st state. Yeah. That's why I believe like you know business can translate in politics and in areas of life if if people understand the principles. Yeah. I look at the Greenland uh the GDP is it looks like it's 3.6 billion and there are only like 56,000 population or something like that. Oh my gosh that's crazy. They'll just annex it. I think because China has a huge interest to Greenland. A lot of countries have interests. It makes you wonder what's really there. Yeah. Yeah. Conspiracy theories, you know, say that something is there. You know, I believe that things can get accelerated, especially with technology accelerating so quickly right now. So, yeah. No, definitely. Whoever is using the AI blockchain, correct? Yep. Yep. They have the power. Yeah. Open AI, all those guys, Deep Seek in China. So, it's like the gold rush like back in the days. And uh now it's everyone's going after who can develop the best AI. Yeah. Or integrate it. Right. Or integrate. Use it. Yeah. And funny enough, China used the Nvidia chips to create uh Deep Seek. Yeah. One of the biggest one is the huge trade war between US and China. Yeah. But you know, China has a lot of people. Can you compete with all those people? Cheaper amount of cost produce uh products better and faster than uh Yeah. But I think they have more technology. They have the infrastructure to to you can build uh more more advanced uh technologies there like you don't have those like infrastructure technology infrastructure here to build the same apple. Even like uh semiconductor is a huge one. I know that Trump was going to bring the guy in Taiwan to um was it Arizona? Yeah. And uh it's interesting because apparently with semiconductors you need a place with a big body of water like but Arizona is like a big body of desert and I think they already taking uh becoming really advanced on uh drones I think ship building. Yeah. And uh rear earth minerals. Yeah. Yeah. using then semiconductors like you just said and in general in the new technologies would be uh it's it's a combination of two. It's like whatever you guys are doing on the fund of funds you're using two separate technologies. You're using blockchain Yeah. and trade and AI. When you merge those industries together, you're actually generating something new. The same thing like drones. Drones and AI. It's going to be something newer, right? Like when you combine two separate technologies and merge them together, it will be like new advanced technology. Yeah. I mean there's a lot. I mean I just saw recently like AI robot that like knows everything that a person needs for their vitamins, supplements and they will the the robot will cook for you every single day. And they have uh companies like that already. They know what your body needs, what vitamins like I believe 10x health is one of them. like Grant Cardone created one. They do blood tests where they, you know, and uh genetic tests where they know what people need for their health. And imagine having a a robot where it will order groceries for you and then you don't have to go there and it's just literally cooking everything. It saves you so much time. And then like that's that's uh I think they already built it. That's going to be really cool to see. I want that robot. I would love to have that. Definitely like robots are are going to take over. Yeah. I think the neural link that's going to be crazy. That's going to be crazy if they're going to be able to put it together. Yeah. Yeah. Like through just the speed of thought. Yeah. Yeah. Yeah. Like just by thinking you're texting. Yeah. That's so crazy. And remember chipset size went up really huge. Like they can I think save like 128 terabytes or something even more. I think you know they say like you get 2 million bits of information every day or something. And out of the 2 million you can only process 126 bits. look like even limitless where you know if we can access a bigger part of our brain. Yeah. Oh, that's going to be crazy. Yeah. I think we don't even use 10% of the brain. Yeah. They don't 8% 8%. Yeah. Yeah. We don't even use 8% of the brain. Yeah. Imagine we we use a good chunk. That's going to be insane. [Music] Jason, as always, it's great talking to you to talk about uh how to fund raise, where to allocate funds, uh the current economic situations when uh the investing is emerging, the fundraising, about Airbnb management, right? Like all of the things like really interesting to talk to. It's really insightful. I really appreciate appreciate to coming here and having this and sharing your knowledge and your experience with us. Yeah, likewise. Thank you so much, Sardor, for inviting me to this place and uh it's my first time doing a podcast and so it was a great experience uh for me and I'm looking forward to doing more with you and building this relationship together. So, thank you so much. Thank you. All right. Thank you so much. Thanks for watching. I'm Sard Janov and I see you on the next
