Ask Del Now!
Well, my friends, I haven’t been here in a long time. And I have to tell you, I miss being able to communicate with you all the wonderful epiphanies that I’m finding out in life as I run around out there and play in this wonderful playground we call life.
I have to tell you, it’s been absolutely incredible the last 10 to 15 days I haven’t been here because of the stuff that’s going on. Just tremendous amount of information I have to share with you. And today I’m going to try to get it all in—that’s why I came in today.
Independence Day
I came in today because I wanted to remind everybody—first of all, I have about five topics I want to cover, but first of all and foremost that we’re looking at Independence Day. Independence Day, what a wonderful concept.
I actually had a guy buy his first apartment complex one time, and he waited to close—and he actually closed, but he waited to quit his job until Independence Day. And he walked in on Independence Day, threw his keys on his desk and said to his boss, “That’s it. You no longer own me. I now have my own life.”
And he bought his life back with 120-unit apartment complex that made him $10,000 a month the first month right out of the blocks that he owned it. This gentleman named his apartment complex after his youngest child and wished that his family would never, ever suffer the pains of working at a job that they didn’t want to work at and live through the type of struggle that most people do living in what I like to call—and I think I stole this somewhere from a very important poet—a life of quiet desperation.
“Set Up Shop –at the Top –of Four Seasons” -Kid Rock
And as we go through this, I’m out there—and first of all, I spent a week in Las Vegas. I mean, come on. There’s the world for you. I stayed in the Four Seasons if you ever listen to Kid Rock he talks about set up shop at the top of the Four Seasons. The four or five top floors of the Mandalay Bay Hotel are the Four Seasons.
It’s like take the Mandalay Bay and ingest it with what you might call quality steroids and it’s over the top. It’s just totally over the top to stay at the Four Seasons. Everything they do for you, the rooms, everything’s unbelievable. Everywhere you go, down there by the pool where they bring you cucumbers for your eyes and mist you with sprays, Evian sprays, and et cetera, et cetera, et cetera, et cetera. Wait on you hand and foot. It’s just incredible.
Life is Incredible
Why do I bring this up? Because what I am trying to share with you today and I just can’t get it out fast enough, is how incredible the world really is. I think Las Vegas is a metaphor for adult playground. You go there and do just about anything you want to do. You see shows, we worked out, we swam, we lay by the pool, we—just incredible amounts of things to do. Of which, the one that I didn’t do was gamble.
Now, we did try to gamble. My girlfriend, like all people, had to get there like everybody has a bug to try to gamble. So I gave her 20 bucks and she gambled. It lasted no longer than two minutes in the slot machine. It was gone. I said that’s it, you’ve gambled. Now, there’s no more gambling. There’s no need to gamble when you make millions and millions and millions of dollars doing the right thing.
Back to financial freedom, Independence Day. I just wish if it were at all possible that I could get more of you to realize that you listen to the radio and I listen to these guys and they are all smart guys and they’re all talking about — well, I did this trade, and I did that trade, and we’re in this country, and we’re investing in that country, and we’re going here, and we’re going there, and we know this, and we know that,
…and we’re watching this, and we’re watching that, and we have got this upside and this downside and this flip and that flop, and — you know, market’s going this way, the market’s going that way, the market’s not going anywhere. I listen to all this garbage and I think to myself golly, how can you live your life with all of that garbage going on inside of your head?
Big Deals
I buy an apartment complex—I am buying one right now the cash flow’s $500,000 a year cash flow, not to mention that the profit is over a million dollars a year ‘cause there’s around $500,000 a year principal reduction which means we’re making a million dollars a year profit from day one.
And we’ll continue to do that for eight years, and at that point the property will be paid off and it will be worth $20 million more. And we’ll have no debt on it at all, so we’ll make $20 million. I mean, why would you do it any other way? I don’t understand this. Why not passive streams of income?
You hear the people get on here to buy single family houses and no time at all they own five or ten houses making anywhere from a thousand, $2,000 a month positive cash flow. I mean, you think about it, the average person in this country makes $48,000 a year –your take-home from that probably closer to $40,000 a year.
That’s like 2 to 3,000 bucks a month people are living on, folks. And you could go out there and replace that kind of income in a year, a year and a half at the longest, starting with next to nothing. Just buying these single family rent houses and building the equity and building up the cash flow.
If you have got enough money — if you have got some money in the bank, I hear people talking about these Roths and the regular IRAs and this and that and you can move it, you can flip it, you can save it, you can 401(k)-it. And all that crap is crap because if you think about all your 401(k)’s your IRAs, your Roths, how much money does it pay you every month? They pay you nothing. You are making no money at all with these investments. It’s sitting in these dead accounts waiting for you to get old and sickly and unable to move.
True Freedom
Which brings me back to my condition. When I had left—before, I had contracted some type of infection, went to the doctor, he wanted to throw me into the hospital where I caught staph a year ago. I refused to go. He gave me some antibiotics and boom, two days later the problem was gone, my leg was fine and everything was wonderful. And I’m thankful for those of you that sent me the emails that said you’re worried about me.
But I just wanted to make the point again: Freedom, the ability to make free choices—that’s what Independence Day is all about. I made the choice that that doctor who graduated from some school, who had been given a set of rules and regulations to live by—which is to always charge the person more by putting them in the hospital and running up the tab—I decided, elected to make the decision outside of that doctor’s choice.
I used free will. Came out okay. Might have come out bad, but in this case I used free will. And if it would have turned out bad, if it wouldn’t have solved it, I would have gone in the hospital. But at that point right there, the first thing they do is start shooting me up with antibiotics. Made sense. I didn’t need to go lay in a bed in a hospital to get shot up with antibiotics. You could shoot me up in the office.
Free Will
So again the point I’m making is not whether I was right over a doctor or wrong over a doctor, I am making the point independence is the ability to have free will. And I am asking you what free will do you have when you put your money in the stock market? You pick this stock, that stock, another stock.
You pick this bond, that bond, another bond. You picking all this crap, it’s all crap. And it all does the same thing, which is nothing. And it’s all about hoping that it goes up. It’s all about speculation. It’s all about me sitting there at Las Vegas with a bunch of our friends that were there and they were gambling and boy I was just giving them the razz you wouldn’t believe about how they were just throwing their money away.
Look, you’re losing. You’re going to lose. Even if you win a hand you’re losing. By the time you go home you’re going to have lost money. Irritated the crap out of them. But I thought it was my position in life to bring this kind of an argument to Las Vegas and to the gambling table.
I was laughing my head off ‘cause I was watching them lose. And I was telling them they were going to lose, and I was laughing because I was playing the house. I knew the house would win. The house always wins. And so I had fun being the house. I would always rather be the house and own the house than to be the gambler.
