cover of episode What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP105

What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP105

2025/1/27
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Dan Fleyshman
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Albert Preciado:我从一个贫困的不会说英语的孩子,通过在抵押贷款和房地产销售领域的不懈努力,最终建立了自己的商业帝国。我经历了2008年金融危机的冲击,但最终成功逆袭,年收入达到3000万美元。我的成功秘诀在于整合房地产、抵押贷款和托管业务,获得多重佣金;建立强大的个人品牌,提升影响力和商业机会;以及组建高效的销售团队,采用科学的管理方法。此外,我还强调了持续学习的重要性,积极寻求导师的指导,并始终保持谦逊和学习的态度。 我投资自己和个人品牌,并通过高压销售策略帮助人们改变生活。我提倡专注于高回报的业务,并高效管理时间,避免被无关的事情分散精力。对于年轻一代,我建议他们专注于学习和积累财富,避免追求超出自己能力范围的奢侈品。 在慈善方面,我认为给予越多,收获越多。我经常进行大额现金捐赠,并积极参与各种慈善活动。我计划成立一个慈善机构,专注于帮助拉丁裔儿童,因为我相信拉丁裔美国人是勤劳和忠诚的群体,他们需要更多的帮助和支持。 最后,我计划将大部分财富捐赠给慈善事业,只留少量遗产给子女,希望他们能够独立自主,而不是依赖遗产。我坚信,通过努力,我们可以改变世界,帮助更多的人实现成功。 Dan Fleyshman:本期节目探讨了如何通过房地产投资致富,以及如何进行慈善捐赠。Albert Preciado分享了他的成功经验,包括建立个人品牌的重要性,以及如何通过高效的销售团队和科学的管理方法来实现商业成功。他还强调了时间管理的重要性,以及专注于高回报业务的必要性。 此外,Dan Fleyshman也与Albert Preciado讨论了慈善事业的重要性,以及如何通过各种方式参与慈善活动,例如大额现金捐赠、志愿服务等。他们还探讨了如何选择合适的导师,以及如何避免被无关的事情分散精力。 最后,节目中还探讨了在社会中谈论金钱的观念转变,以及如何帮助更多的人实现财务自由和成功。

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Chapters
This chapter explores different revenue streams in real estate and mortgage industries, highlighting the potential for high earnings through diverse business models, including mortgage brokerage, real estate sales, and escrow services. The importance of personal branding in achieving financial success is also emphasized.
  • Two and a half percent commission on mortgage sales
  • Double-ending commissions on mortgages and real estate
  • High commission potential in escrow services
  • Importance of personal branding in generating revenue

Shownotes Transcript

Translations:
中文

You can't force everybody to be successful. There's 8 billion people in the world. Not everybody wants to be like a billionaire. Like some people are happy just being average. Most people are.

Ladies and gentlemen, welcome to a special edition of the Money Mondays podcast. As you guys know, 99% of the episodes are filmed inside of an RV motorhome. We have done 106 episodes, 103 of them have been RV motorhome. But Albert Preciado said, swing by the penthouse office here on Sunset Boulevard and I will set up the Money Mondays for you. So here we are.

Making a special exception for my dear friend over here, Mr. Albert Preciado. So as you guys know, the way it works is we cover three core topics, how to make money and invest money and how to give it away to charity. So we're going to go through how did Albert build up a real estate company, mortgage company, sales company, training company, all these things up inside this penthouse over the last, what, five, six, seven, eight, nine, 10 years now.

I mean, it's really been 20 years. 20 years in the game. But as a business owner, 13 years. 13 years. All right. So what we're going to do is, this is very important, we are going to break the mold of what you grew up with thinking that it's rude to talk about money. I think it's rude to not talk about it. And I've watched Albert break through and tell people about why it's important to have money, why it's important to make money, why it's important to...

build up wealth inside of their society, inside of their households, etc. And so we're going to go into those type of questions. But first, Albert Preciado, give them the quick two-minute bio so we can get straight to the money. You know, just a Mexican-American kid, first generation. I came here, my parents made me in Mexico, crossed the border for a better future, had me here, I was born here. I didn't speak English until I was seven. And former ESL student, special ed student, college dropout, nobody gave me a shot to do anything in life. And then I just

dropped out of college, got into sales in mortgages. I was selling mortgages. And then 13 years ago, I started my mortgage company. And then I made my first millions selling mortgages, real estate. And then I got into the whole social media, started my personal brand. And because of that, in 2021, I made $30 million in revenue for the first time. And ever since then, I've never looked back. Nice.

All right. On the make money side of the topics, how do mortgage loan officers, real estate, how do they make money? So when you sell a mortgage, you make a two and a half percent commission on the mortgage amount. So like if you sell a mortgage that's $500,000, you make two and a half percent of that. Got it. Just like real estate. If you sell a $500,000 home, then you make...

two and a half two percent three percent but it's very similar as you're you're just selling mortgages or you're selling the house but

We decided to start a real estate company. That way we can double end the commission. We get paid on the mortgage and the real estate, which led to opening up the escrow company, where now we make a commission on the real estate, on the mortgage, and on the escrow. And I'll tell you something. The escrow makes a lot of money. Sometimes you get like $60,000 commissions on escrow. What? Yeah. And so that's why I have that business. But that's the business that made me $30 million in 2021.

And that's how I made my money. Like that's when I was 20 years old, I made $260,000 selling mortgages. And then I lost it all in 2008. But after that and learning from you and other mentors, I realized that it was very important to create your personal brand and then to create your brand, like just your company brand.

which is just bigger than your personal brand now. I'll tell you why. Because Driven, it became a big brand now. Nine years. People want to be there. People want to speak for free. People want to pay me a lot of money to speak. I get a lot of favors from people. People want to be my friends. I have billionaire friends. I told you one of my best friends in the world, Neil Patel, he'll see this.

He's really successful. And we're always hanging out. I learn a lot from him, but it's opened so many doors by just building your personal brand that I told you I'm so excited right now. Like I'm making more money than ever. I can't even, like I'm making more money than ever. I'm really happy. I have my kids, my wife. I have everything in life. There's nothing that I don't have and Driven is gonna become the next Virgin. - Nice.

So what's the dates for Driven? Driven number nine, right? March, yeah, my birthday. So March 29, I came up with that date because it's my birthday. And I can ask a lot of powerful speakers to speak for free because I tell them, hey, it's my birthday. The best birthday gift you could give me, Ed Milet, is come to my event. And it's my birthday. It's going to be the best birthday gift. So, you know, I've been doing that and it's going to be the biggest event. Who are some of the speakers you already have?

I'm very excited about Mark Shapiro. Mark Shapiro, he owns a bunch of multi-units. I know all the stuff. I know the numbers of how many units he owns. I know what he has. I know his net worth, but I'm not going to reveal that. He's a very private person. I respect him, but I'll just tell you that he's like... If you guys think Grant Cardone is big, Mark Shapiro is big.

And so we have Mark Shapiro, we have Daniel G, we have Eric Spofford, he sold his company for $115 million. We have Dan Fleischman.

You know, we have a lot of heavy hitters. I'm about to announce a professional Hall of Famer NFL player. Nice. I think Mario Lopez, saved by the bell. Josh Altman, the number one realtor in the U.S. It's a serious lineup. I can go on and on. Natasha Graciano. I don't want to miss anybody. But Brad Lee, you know, Brad Lee, one of my best friends, too.

- It's the real Bradley. - Yeah, the real Bradley. - What's the website? Where can people go? - Drivenevent.com. It's the ninth year, the ninth year of the Drivenevent. - Why do you think that when a lot of other events are struggling to get three or 400 people, how do you keep getting 2,000, 3,000, 2,000, 3,000 over and over? - It's the brand that I built. And now people see the credibility, the track record,

so now they they it's like i don't even announce any speakers i just i don't even announce dates or nothing and we just sell out like a year in advance and and now what's made the biggest difference is that we build a sales force so we have 40 people for 40 sales people 40 40. like like we have like 10 10 remote and like 30 in-house but we have the science to it so

Everything in life has a science to it. Mortgages, real estate, escrows, events, you're the master of that. But sales, like I'm very good in sales and relationships and vision. Like I'm a visionary. Sales is very good at operations, my wife. She operates everything. So sales, there's a science. Like you have people that are appointment setters.

You know, they're not skilled enough to close because they could burn the lead. We have closers that specialize in closing deals that are solid. So the sellers have to get them solid leads to close. We have TOs, people that take over. We have SPFs, you know, when like, for example, right now, I told the guys, me and Casey told the guys, hey, you know what? If you do this, you'll get this amount of cash. My salespeople,

even if you offer them a million dollars, they wouldn't leave me because the culture that we have here is second to none. And then our people, they work Saturdays, Sundays and holidays. And they'll work here till 10, 11 p.m., midnight sometimes. Sometimes they sleep here because they're closing deals and they fall asleep. So what makes a good sales rep and an okay sales rep and a bad sales rep?

You need a lot of training. You need a lot of training. Give a shout out to Casey, who's right there. He came here and he just changed a lot of lives. Just like I changed his life, he changed our life. I saw the scoreboard out there. There's a lot of 80,000, 50,000, 100,000. Yeah, we have our scoreboard. But he's here. His responsibility is like I tell him, hey, you know what? You're only 24. I have the experience.

just be coachable. Always stay humble to learn more. There's always gonna be somebody doing more. - Of course. - And you gotta remain humble to be disciplined and be a student because you wanna get better. I made all the mistakes. I don't want you to make the same mistakes. - You know what's interesting is the wealthiest guys I've ever met, all they do is ask questions. - Yeah. - They wanna learn.

- Yeah. - You talk about Ed Milet, the guy's worth $700 million or whatever that is like, he asks a lot of questions because think about if he learns one little thing and it increases his business by 1%, well, 1% of 700 million is $7 million. You know, like, and like, I,

seen so many of these billionaires and zillionaires and like watching them interact at dinners yeah and they're asking what do you do how do you do that why do you do that why do you do it that way how do you do the structure it who does that for you why do they do that because that one little tidbit if you're doing 50 million 10 million 100 million whatever yeah it changes everything yeah

But practice and just the systems. Like every day at 7.30 a.m., Casey has to be here by 7.30 in the morning. They have their sales meeting in the morning. That sets up the mood. And if you have a crappy meeting, you're going to have a crappy production day. But Ed Milet, dude, I'm about to make a big announcement with Ed Milet. Like I love Ed Milet. Ed Milet always tells me that I'm the person that reminds him more about him than anybody else in the world. He connected me with Marshall Falk.

So like, and he sends me like these long voice notes and we're always talking, but, but Ed Milet has been huge in my success and he is a huge mentor and somebody I respect a lot. - So similar question about the sales jobs. What makes a good mortgage loan officer versus an okay one versus one that's not going to make any money? - You have to be, well, you need five things. I don't know if I'll remember the five things, but

In today's, like right now for mortgages, it's the worst, darkest times. We're going through a crisis. It's worse than 2008. We are in a major recession, especially for mortgages. So a lot of them quit. A lot of them died. A lot of them, they're just, they're out. The one percenters are doing good. But what do you need to be to separate yourself in mortgages? Five things. Number one, you have to have a strong mindset.

Because I'm sure like you're used to it. Like, you know, that every day you have like a plan for the next day and you're like, I'm going to do this, this, this. Everything's lined up. You have your calendar and something goes wrong in the morning every time. It throws off everything. And then you have to figure out how to fix it. So when you have a strong mindset, nothing tickles you. You just know I'm going to handle it. So you need a strong mindset because mortgages are tough right now. You need to be a genius marketer.

So what I mean by that is you got to be on social media. You got to be posting stories. You got to know how to market, how to be a marketer. And you got to know how to use social media. If you're not on social media and you don't have a strong mindset, you're going to fail in mortgages. Number three, you got to be a top closer, a salesperson. You got to master sales. If you suck in sales, you're going to you're going to you have no chance in mortgages. So mindset, marketing, sales.

Now, number four, you got to be an expert in your field. So you got to be an expert mortgage person. You got to understand all the guidelines. You got to know your shit. You got to know every single thing. So that's number four. Number, the fifth thing to complete it is you got to have extreme work ethic.

If you're not willing to work 18 hours a day right now, seven times a week in mortgages, and this is both for mortgages and real estate, you're not going to make it. And for me, dude, I enjoy it. Like today, I text you in the morning. Out of nowhere, I'm just like, hey, what's up, Dan? It's 520 in the morning. Yeah, I wake up. Today I woke up like at 3. I always wake up 3, 4, 3, 4. And like Kayla knows this. Like I wake up and I'm like on my DMs. I'm like I don't even have to do that. Like I don't need to.

I have people that do that for me, but I get up and I'll spend like an hour just DMing people back. Bam, bam, bam, bam, bam, bam. And then like around and I'm texting them and I'm telling them because Kayla and Casey, they're together. They're a couple. They're one of our favorite couples in the world.

and and kayla kayla is like um like i at i'm texting in the morning so then uh when i'm done i'm like hey kayla it's all yours you take over my dms uh i'm done i just because i like to to look through my stories and i'm looking at the viewers because people that are viewing your stories every day they're interested they're they're like they're big followers it's like if if i was single

and I would go through my story viewers. Dude, I would get a, it's so easy now to like hook up. You know, like before it was hard. But social media has changed the world for a lot of things. So like I'll go through my viewers and I'm looking for customers, future customers. I'm looking, so then after when I'm done, I'll be like, hey, Kayla, it's all yours. So she takes over. Special delivery for you. - Thank you. - Vodka and oranges.

So on the investing side, why do you invest so much into yourself, into your personal brand? Does it have a return or is it to build? What is it for? Best advice I'll give anybody here, especially young men. Young men, I tell them, stay away from women, alcohol and drugs. But the best advice I'll give besides that

is mentors, hire mentors, pay people $10,000, $20,000, $50,000, $100,000. And the second best advice is use credit cards. Like just swipe your credit card, pay for a mentorship.

one-on-one is the best way of learning. I paid 11 years ago, Grant Cardone and Patrick Bedevid. I paid them a lot of money for one-on-one and that changed my life. Because of that, I started my own mortgage company. And then that just, once you become an entrepreneur, you can't go back. - So as you're building the personal brand, you're getting bombarded with deals. How do you choose what you work on and what you focus on?

I don't do a lot of things because the day everybody has the same time. So if I have let's just say I have 13 businesses, but I have one business that makes me 80K a day. I'm going to focus my main energy on that business and all the other businesses. I'm going to spend 5%, 3% of my time.

Same thing with people. Same thing with family members. If they don't give me any value, if they're not contributing to my 80K a day, I'm not going to spend time with them because life is too short. I see people that are aging now. And, you know, I want to live the best life when I'm young. I want to be with my kids when I'm young. I want my parents to see major success for me when they're alive. My parents are getting older. They're not in the best health condition.

They're 75 years old. So time, you never get it back. It's easy to make money and you could always make more money, but you can never get time back. So I'm going to focus on 80K a day. 80K a day because $30 million a year equals to 80K a day. And that's my limit. That's my minimum. Yeah. So-

People get very distracted by shiny objects. You know, they're seeing social media, they're seeing people with Lamborghinis and Ferraris and mansions and things, but they're 19, 20, 21, 22, 23, 25, just getting started in the game. How can they learn first before trying to just jump right to the Ferraris and Lamborghinis? Well, I have a lot of young, I call them kids, but they're young adults. They're like 18, 19, 20, 21, 24 year olds.

And they always they they come from like a lot of them come from bad mentors and leaders. And they're just bad because they don't they don't they don't have the intelligence and knowledge, the experience. They just don't have it. So they ask me, hey, should I get a car? Should I get this exotic? Should I get this? They want to get like things over their means.

and me with my experience being 41 going through a lot of stuff. I mean, you see me, I'm very transparent. I tell you like, hey, I'm broke, my credit's fucked up, I made mistakes, I can't pay this, I can't pay that, I have to pay it later. Things happen, but an entrepreneur figures them out. So I tell my guys, my girls, hey,

It's not time for a car yet. It's not time for don't don't get this, you know, live below your means. Save money, invest it, stack it. It's not it's not time yet. Let's focus on making money. Let's make a million dollars first. Let's have at least half a million dollars in the bank and then you can go get your car. Why do you think so many people get stuck in just kind of existing and not trying to accelerate their life and try to make more money?

I think the one percenters are the one percenters for a reason. And you can't force everybody to be successful. There's 8 billion people in the world. Not everybody wants to be like a billionaire. Like some people are happy just being average. Most people are. So one thing that I'm very proud of is that we kind of force people to be successful. So we're calling people, you know, we have 40 people.

And every salesperson makes 100 calls. So we're dialing 4,000 times a day. And they're getting better. So we're high-pressure salespeople. So the way we look at it is we're going to change their lives. It would be unethical if we don't close them. Because we're going to close them and they're going to change their lives. There's people here that we've...

closed high pressure sell into them giving us their last $10,000 and now they're making $20,000 in one month. And this is I'm talking about their first month, second month. So like people are just average. I have the saying, if you truly believe in what you're selling, it's rude of you not to sell it. Exactly.

If you think you're gonna change someone's life, you should stay here till midnight and stuff. - I've always thought like that, but before it was like girls. I thought it would be unethical if I don't close her. A thousand later, yeah. - So why do you think it's in our society, the last, I mean all of it until recently, and maybe even in some households still recently, why do you think it's rude to talk about money? Why do you think people have that in their mind? 'Cause that's the biggest, the biggest reason I started this a couple years ago was to take that away from people's head because

Our daily lives have money involved for bills, food, travel, gasoline, rent. Everything is money related. I don't see what's rude about talking about real life stuff. There's nothing rude about it. Yeah, I think fucking brokies are the most selfish people in the world because they're so selfish. It's all about them.

Like, they don't like to talk about money. They don't like people that have money, that make a lot of money because they're so selfish. Because if you don't have money, if you're broke, you don't have any money, like, who are you going to help? If you don't have any money, you can't donate any money. You can't help people. If your best friend, your family member, whether it's your kids or your fathers, mothers, if they're sick and they need help,

their critical condition and they need 50 grand, you don't have it. They need 100 grand, you don't have it. They might have to go see Gary Brekka and get fixed and they don't have the money.

So you're not gonna change lives if you don't have money. Like Donald Trump wouldn't be the president if he didn't have any money. You need money to help people. You need money to change the world. You need money to beat Elon Musk and go to Mars. So like people that are broke and don't like to talk about money, they're the most selfish people in the world. - So as you've been scaling the business,

and you bring on 40 people here, you also have a ton of employees on the mortgage side, the lending side, the real estate side, et cetera. How is it to deal with so many staff members, the inner workings of it? I only, and this, it's almost like deja vu. Like I was talking to Eric Spofford, Neil Patel. I'm going to tell you my answer. I pretty much only talk to like five of my employees. We have probably close to 500 now. I only talk to like five.

So, like, I don't deal with it. But the reason why is because there's a really good book I'll recommend to everybody. It's called Rocket Fuel. When I read that book, I realized I'm a visionary and I just got to stick to the vision. I just got to stick to my CEO duties. And then Sil is the operator, and she's going to operate all the employees, everybody that works here. Maybe five to ten people in the company is who I talk to.

So let's say someone's got their five or $10,000 saved up. They want to choose someone to learn from, whether it's coaching, a mentor, a mastermind, whatever. How do they decide or research or figure out who's the right fit for them? There's different mentors for there's like,

I know some people have good rep, bad rep. I'll name a few. You have obviously yourself, Dan Fleishman. Dude, you connect me with everybody. I don't know if you call yourself that. Maybe you haven't. But you just know everybody. You're like a connector.

And, dude, you would be a mentor into teaching people, like, how to get into rooms, how to meet the right people, how to network. But then you have other people, like, you have, like, Wes Watson. A lot of people hate him. A lot of people love him. But he does have a good message for people that need his message. You know, like, the mindset stuff. Natasha Grosian, another one. She was here yesterday. Dude, she's awesome. Like, yeah.

People have told me bad things about her, this and that. And I did some research. I found some things. I saw one of her last podcasts. So I asked her, when she came in here, I said, hey, are you okay with me asking anything? Is there something you don't want to talk about? And she said, ask me anything. And I said, can I ask you about your fake followers? Can I ask you about...

the orphanage and just stuff like that. And if you see the podcast, she clears everything. And I'm a smart guy. Everything made sense. I believe her. She's awesome. Dude, I respect her fucking hustle.

And she sends a good message. She's just that tough woman. She talked about she was raped three times. 15, 21. It's the first time she talks about that. Wow. But she was super open. And I'm sure that's going to help a lot of other girls that maybe they're going through that right now. Sure. But there's also like Neil Patel. You know, that guy's a genius marketer for like huge trillion dollar companies. But.

You'll learn from everybody. Tai Lopez. You know Tai Lopez? He also gets hate and people love him, people hate him. But that guy knows how to do some things right. So everybody has something. So the way I did it was I hired Tim Grover, David Goggins, Grant Cardone, Patrick B. David.

Dean Graciosi. I hired every John Maxwell. Those are all big names. Yeah. So like I hired all of them, paid them like some 400K, some 100K, some less, some more so that they can spend one-on-one time with me and also be on my podcast, be on their podcast, go on an Instagram live, go visit them at their house. All of those things have made me who I am. And now I'm able to teach other people that. They get all in one with me.

So let's talk about the charity side of life. Why do you think it's important for families, households, or companies to do some type of charity work or help the homeless or feed people or help children? Like, why should they have some type of charity in their life? Bro, that's the biggest thing. Like, the more you give, the more you get. You just got to give, give, give. Like, I'm always, like, I always carry, like, cash.

It's weird, but I have like a Ziploc bag. That's fun. And I just have like a bunch of like $100 bills. And wherever I go, like wherever I go, I'm like, I'm always pulling out like $100 or whatever. And I'm like giving them to like the valet, the people at the restrooms, at Javier's. You've been doing this 100% bill thing. Can you talk about that?

Yeah, every time I go to dinner, no, not every time, but 90% of the time, I always match the price. So if the bill is $240, you tip $240? Yeah. Wow. Yeah, if it's $1,000, I tip $1,000. Really? Yeah. I love it. And we go to dinners every day. Yeah. 90% of the days, we go to dinner. And that's kind of like, that's why like life is work and work is life.

But I'm really, like, I want to start a, I want to do something with you, maybe Tim's story. Me and Sil, we've been talking about this. But for now, we just donate. Like, whenever I go to Dave Meltzer's events, yours events, like Tim's stories, I donate. I always give, like, $1,000, $500, $2,000, like, something like that. But I want to start my own, like, driven...

like driven charity. Of course, that's great. I'll,

we gotta look at GoDaddy, drivencharity.com. So I wanted to start that. I want you to help me with it. And I just wanna give, I don't know, I wanna give a lot of money, like a percentage of my income, I just wanna give it to my charity. And for me, I love white people, black people, purple people, yellow people, but I'm Mexican, I'm Latino. So I wanna do something that helps the Latino kids. I want something for the Latino American kids

The Latino community is 20% of the U.S. population, and they need help. For sure. They grow up with not the correct information.

to become successful, to build their dream life. You know, so I was one of those and I had to hire all these mentors to learn. So I want to do like some driven charity and then we could help like all the Latino Americans here in the U.S., even outside of the U.S. But I know that, I mean, you know that like the, some people won't agree with me, but I think the Latinos here in the U.S. are the hardest working people. Sure. Like they're loyal people.

And everybody's great. But I just feel like they're loyal, they're hard workers. Patrick Bedeved once told me,

I focus and most of my people are Latino. Latinos, PHP before he sold it because they're just hard workers and they're loyal. And I remember that hard workers and loyal. And then Grant Cardone, Brad Lee, you, Tim Story, Tim Grover. There's a video with Tim Grover. He tells me that I told him one thing and he ran with it. I always repost it.

They all told me the same thing. Albert, focus on your Latino community because there's nobody that controls that. You are the one. And my lead, another one. And so like I started doing that and it's been going really, really well. But the most powerful thing you'll hear here is if you want to make more money, give more, help more people. And the money is going to come on autopilot.

A lot of people don't realize that they can give without cash. If you don't have much money, use your social media, show up and volunteer, go there and put in the energy. If you can't donate the physical cash, put in your time, put in your energy, put in your muscles, go help. Go to the children's hospital, go to senior citizens home. Like everyone needs to go feed the homeless. So Trina's Kids Foundation, we started 11 years ago.

and it is for the latin community we've been helping the latin children in downtown los angeles since was that 2012 2013 and we always have 400 families show up and we do four charity events a year we do a back to we do back to school day report card day thanksgiving food drive and then the toy drive and every year it gets bigger and bigger and bigger and bigger and every year more families show up more families show up more families show up so with driven charity

you just gotta boil down and think about what is the main category i want to give a thousand dollars to your children amazing yeah i'm gonna i'm gonna give it out right now then we'll give it out tonight uh thank you the think about what is the thing is it is it the children is it the latin community in general is it education is it toys is it feeding them when you figure that out it makes it easier for people to support your mission because what will happen is people will copy you yeah and it's a good thing by the way

So years ago we started what's called the $100 tipping club. So the similar how you've been tipping 100%. Yeah. $100 tipping club is we'll get like eight friends, 15 friends, 30 friends together and everybody chips in 100 bucks. Sometimes if we're in like Salt Lake City, we'll do $1,000 tipping club. So we'll get 26 people together and donate $26,000.

And the way you do it is $100 Tipping Club, anyone can go. That's actually the website, $100 Tipping Club. You can go to a restaurant, get Albert and seven of your friends together, and you don't tell the waitress. And at the end of the meal, 50% of the money goes to the waitress, 50% of the money goes to the barbacks, the cooks, the chefs, et cetera. So if you got like $1,700, give her $800 or $900, and give the staff $800 or $900. Over 4,000 people have copied us.

that we know of. It could be a lot more. Over 4,000 have copied us. And so I love every time I see you doing this 100% because I started seeing other people do it. You're making me want to do it now. Let's go tonight. Half years. Yeah. And so the point is when you figure out what that niche is, you're like, okay, you know you want to help the Latin community. Is it children? Is it homeless? Is it feeding them? Is it education? What is that thing? Because that'll make people want to rally around you because you're such a powerful figure in that space. Yeah. All right.

I'm gonna ask you a question that I ask on every single episode, but I've never gotten the same answer. Ready for this? - Yeah. - Okay. $80,000 a day, right? $30 million a year, but you're still young. Over the course of time, you're gonna go from 30 million, 50 million, 100 million, God willing 200 million. Ultimately, you might become a billionaire. I think you will. And at that time, let's call it 100 years from now, and you've got multiple children.

What percentage of a billion dollars do you leave to those children? That's a very good question. It's hard. You know, like I'm not, I don't want to leave them. I want to leave them very little. I want to leave everything to the world. Like I want to just donate everything. Leave my children like a little bit. Something where they could start a business. My girls, because they're here right now.

All three of them. That's awesome. And, like, Italia's birthday was yesterday. She turned eight. And you know what her wish was? She said, Dad, Mom, I just want to go to the office for my birthday. That's her birthday gift. Wow. So, like, I want them to figure it out. I want them to struggle. I want to get them, like, maybe not a Honda Civic, but, like, a little Mercedes when they're able to drive. And then they have to earn everything else.

And then they have a little bit of money to start something. But then the rest of it, I just want to put it in good use. I want to donate it to the future. Like, I want to donate it. And I never thought about this to this extent, but I want to donate it to the kids, right?

And also the kids have to earn it, not just to any kid, right? Maybe there's like a school where they have to go to, a school that I build, and the kids that graduate, then they get it. Driven school, I like that. Yeah, driven school for the kids because the kids are the future. For sure. Italia will make her own billion. Berlin will make her own billion. Cali will make her own billion. Those are the kids that I want to create.

And I don't want to have kids where I give them a billion dollars and they turn into drug addicts. They're entitled. They expect everything. So that's the way I see it. And if you think about it, Dan, like me and you see each other like how often? Maybe like once a month right now, like once a month. So like if you have, let's just say me and you have 40 years left, right? 40 years left. So that means that

I'm going to see you 40 times 12. 480 times? So I'm going to see you 480 times more. So now with this, I'm going to see you 479 more times. So the life is not the years. And what if something happens to you or me? Then I don't see you again.

but a good way to see it is like i'm only going to see dan 479 more times after today so those 479 times have to count right you can't get the time back like how many times do you see your mom a year twice a year and how many years does she have left like more or less be just being conservative five okay so that means you're only gonna see her ten more times

So like when you think about that, like life is short and that's why I all have champagne every day. Like I all have, I have family members that are dying, that died. I have people that didn't do what they wanted to do and they were like always saving, saving, saving, pay off their home and then they die. So that's why like the money is so easy to make. Time is impossible to get back. So like,

I'm building a trillion dollar company. That's how big I think. Billions is gonna be easy. That's already in the works, but a trillion dollar company like Apple, like those big companies, Microsoft, Facebook, Amazon, that's my vision. And yeah, I mean, all the money that I make, I'll leave 1% to my kids and I'll give everything away.

Donate it to the students, to the young kids that earn it because they graduate from the Driven School. So that's what I'll do. I love it. All right. Where can people find you online? Where can they find Driven? Where can they find your whole world? Go through all of it. Very simple. Just Google me, Albert Preciado. That's it? Yeah. It's easy. Yeah. Google me. All right, guys. By the way, I did a campaign for Neil Patel. That's a really fun story, by the way, before we go. I love Neil Patel. Yeah. So I did a campaign called Who is Neil Patel?

And this campaign was, I had Instagram models, influencers holding up signs that literally said, who is Neil Patel? He wrote an article about it. You can still see the article. See? Neil. Hey, Neil, we're talking about you here. We're doing a podcast live. We're talking about the campaign that Dan did for you. You want to tell them really quick? All right. So you're live on the Money Mondays. And I'm going to put you right next to the microphone. Do you remember the Who Is Neil Patel campaign? Tell us about it.

Yeah, so Dan had a lot of people just go out there and take pictures and hold up a sign, who is Neil Patel. He took models, influencer people, business people, dudes, chicks, pretty much everyone to hold up a sign. And it caused a ton of people to Google for my name, which then helped with a lot of my Google rankings. Thank you, Neil Patel. We'll call you later. We'll probably see you for dinner. Bye. Bye-bye.

So that campaign was interesting because we would have girls use lipstick and write on the mirror, who is Neil Patel? So people are scrolling through Instagram like, who the hell is Neil Patel? They have no idea. And they started Google searching him and his search went through the roof. And as you guys know, he's a wizard. So he turned that into this huge company. All right, guys.

I appreciate you guys being here. As you know, The Money Mondays is meant for you to share with your friends, family, and followers. Visit us on themoneymondays.com. Talk to your families. Talk about money because it's important. You got to talk about loans, finances, taxes. What happens if you borrow money? Should I do this? Should I pay that? Should I get a rent, a lease?

What do I do about payroll? How much should I ask for my salary? Money is part of your daily life. So have discussions about it. Be blunt about it. Ask your friends about it and make sure to have open communication. So we'll see you guys next Monday on the moneymondays.com.