 Yeah, they said pre-game. They LA now, Gabe. He from LA now. I'm not turning my back on Seattle. I'm just saying this is the way the world is. What's going on, everybody? Welcome back, you guys. We've got a list video for you today, some advice for you 20-year-olds just graduated from college joining us today. Richie Lee, thank you for letting us use your studio. For sure. This one's going to be good. Basically, we're going to be giving you guys seven pieces of advice that are going to help you live a cool baller life while still being frugal, set the P-word. Baller. You didn't just say live a good life. There's a thing. He said baller. We know a lot of people. They want to live cool lives. They want cool things. But you know what? There's a way to do it while still doing it on a budget. Me and Andrew have been watching some of those success channels. And a lot of them really criticize a lot of behaviors of young 20-year-olds, whether that's buying Starbucks, buying name brands. And they're just like, you know what? Don't do any of that. Save it up. Get buy income streams. It's not that black and white. You can't just eliminate your bad habits. You've got to be a little bit human. These are success tips for kids in their young 20s that are kind of like they like consumerism. Kind of like a baller life hacks. And if you guys are excited to hear these seven points, make sure to hit that like button, click Subscribe, and turn on your notifications. Let's go. First up, the number one tip. Focus on the resale and the actual value of the things that you're buying. I mean, we talk about this a lot on the channel. It's cool to buy stuff that doesn't have resale value. That's fine, but you got to know. You just got to be aware it is going to be hard to let it go. So I like this one because if ever you need a cash for something you bought, buy things that are easy to flip. You're going to find a buyer right away. Just be aware of that. Low transaction costs. What are these things? Are they generally usually the better brands of things? No, no, no, no. I would not even say it's a better brand thing. It's a really case by case item thing. Because just because Louis Vuitton quote unquote may be a better brand than, you know, a Nike sweatshirt, that Nike sweatshirt will be easier to flip than a Louis Vuitton sweatshirt. Using Louis Vuitton as an example, the Louis Vuitton monogram bags, you can flip that in about 10 minutes if you want, right? Because so many people want that particular bag. I think the biggest example that I give to people and they can make it applicable throughout sneakers and clothing is iPhones. iPhones, it doesn't matter. Even if you're rocking an iPhone 3, there is still cash value in an old iPhone. Okay, yes. You know what I mean? Like iPhone Apple products are essentially almost like a commodity. Maybe it's not to the level of like a gold bar, but it's the closest thing I've ever seen to a gold bar as an electronic, theoretically as depreciation. I know people make arguments that other brands are definitely better than certain Apple products and that's totally fine. Yeah, you hear that. But if you buy AirPods, you can actually resell those AirPods. If you buy a MacBook, you can resell that MacBook pretty easily. In 10 minutes. Easily. If you are buying an Android, I would just like people to be aware you're buying it more for personal reasons and not because you can easily sell it. You like the customizability or something like that. Which is fine, but just be aware. When you buy sneakers, Richie, is it kind of like buying cars? Is there some relation? There's like huge comparison. Do you think about it the same way? Oh yeah, for sure. Even from like the aspect of like driving a car off the lot versus undiesing a pair of sneakers. Same concept, you're paying for it. We were talking about this earlier. It's kind of like, you rather have five pairs of union ones rather than maybe a pair of Yeezy twos. You know what I mean? Because to get that price for the Yeezy twos, you almost have to sit on them, find the right buyer. So how easy it is to let go and get rid of is, you gotta take that into consideration. You mean how big of the market of buyers there is. And especially if you are close to that, for example, if you're in the sneaker community, like you're part of the band LA group or something, it's gonna be a lot easier to unload your sneakers than if you're not. We know that reselling old items does take some work, but if you have a friend who does it a lot, they might be able to do it for a percentage of the sales or you can use a variety of sites and apps to sell. No one said you can't buy the things you want, but it's smarter if you can flip it to buy the next thing. How do you know if it has resell value? Just do some quick research. Certain brands and specifically certain pieces have a much higher demand and resell value than others. Basically buying that one premium item you really want could potentially be worth it, but only if you do your due diligence. Basically, if you want cool clothes, you probably can afford it, but only if you flip it. Number two guys, a big concept I want you guys to understand is cost of usage. So for example, if I bought something, whether it's a shirt, a sneaker, a gadget for $1,000, I sell it for $700 at the end of its life, but I used it 300 times in that time. So think about it, that's 1,000 minus 700, that's $300, I use this 300 times. My cost per usage was only $1 per usage. Okay, with that being said, you're saying find things that have a low cost of usage? Okay, that's a good one. It kind of reminds me of like a beamer. Huge, huge cost of usage compared to a Honda. But you might, well, you're not getting the same points with a Honda from a beamer, but that's what you're paying for. You're paying for a high cost of usage. Each mile on a beamer costs way more. You're losing way more than a mile in a Honda. Nike Yeezys, there's a high cost of usage. Sometimes when I like wear a pair, I'm like, ooh, this is $100 right here, one wear. Rich, isn't that why boats are not a good idea? They say the best days of a boat owner, the day you buy and the day you sell. Spend money on the things you use every day and cut back on the things you don't. The more you use something, the more it's worth, based off the usage equation of depreciation over usage rate. If a luxury wallet is $500 and you resell it for 350, but you used it every day for two years, then you just divide $150 by 730 days. That's 20 cents a day, but you just can't lose your wallet then. So for cars, just look at the cost of ownership. BMWs are super expensive because they lose a lot of value quickly and are expensive to repair. Toyota's and Honda's have a very low cost due to durability and resell value. However, the BMW might make you feel extra special, so you'll need to determine your priorities. Number three, guys, pre-game before the club. Oh! But pre-gaming can be applicable to anything pre-game before you get to the airport. I gotta ask real quick. Do you guys say pre-funk or pre-game? Because in Seattle, they say pre-funk. I've seen, I've heard. I know, we grew up saying pre-funk, but when I got to California, they said pre-game. They LA now, Gabe. He from LA now. I'm not turning my back on Seattle. I'm just saying this is the way the world is. Listen, a lot of people like to go out and maybe if you're- Especially in their 20s, that's a huge like, just money goes into there, right? And for a lot of people, when they're the first one of their friend group to get the good job, they're picking up the tab a lot. But that's rough on your wallet. You know who was the first one that gave me the best concept? AJ Rafael. Before we had any money, or maybe you guys had money, I didn't have any money. He had talked about the concept of taking care of tabs a lot. Right, right, right. And I was like, whoa, you really pay for your friends that much? Right, right, right. He was like stop, you gotta stop it at some point, man. Rich, what is the mental blocks that people are gonna have to get over? Because a lot of people, I think they want to do this plan. But you gotta get the table. Yeah. But they ultimately don't execute this, the frugality of the club. Because those two sound like two opposing things. I don't think it's a hard compromise, actually. Prefunking almost adds to your night and it saves you money and it's just a good experience. I don't think it's a huge compromise. I think maybe people just kind of overlook it. Let me run the game plan. So you guys have some drinks at your apartment before, and then you take an Uber. So you all share an Uber and Uber XL. So the cost is low per person. Then you go to the club and then maybe you just get one bottle because everybody wants a table. You're at the group. You're celebrating something cool. Bro. But then you just don't get that second bottle. It's even funner being drunk waiting for the first bottle. You don't want to just be standing there sober. The ride to the club drunk is the funnest part. Not driving, the ride. I'm saying you're- Right, right. It is fun. Everybody's always getting the ox cord. That's what I'm saying. So this is not a hard compromise. All right. What do you think about just prefunking for a lot of different situations though before you even head to the airport, before you go with it? You know what I mean? I was just talking about drinking alcohol. Hey, you about to eat at an expensive restaurant? I'm gonna eat a little at home. So I'm gonna just get something cheap. I remember you used to drink a whole glass of water before we were eating. That was more of the lose weight though, huh? Yeah. That could save money too, though. That could save money for damn sure. Well, I guess it's just about preparing yourself before you enter an environment that's been built to extract money from you. You know what it is? Convenience costs money. Well, that's why I keep that. I keep a little like clear bag with me whenever I'm in the airport and it's got a lot of like cough drops and stuff. Got it, got it. I don't gotta pay $6 for cough drops. But then you might compromise and get the gummy bears. You did your planning on the other things. Doing a little extra planning and not only acting on impulse can go a long way. This way you can still spend a little bit in the moment without going overboard. Remember when your mom used to sneak snacks into the movie theater to avoid the exploitation prices? And what about all the food at the airport? Just eat before you go. And it's not about avoiding all situations and activities, but it's about preparing for them. The fourth piece of advice we have for you guys that are just graduating college or you guys in your 20s is do not be afraid to tap your network. If you need to resell anything, if you need to find a roommate, I think a lot of people are afraid to put it out there nowadays. But that's the reason social media is good too, because you have so many connections. And also if you're coming straight out of school or whatever organization or education, you're gonna know some. Be resourceful. You know what I like to say about this? I think a lot of people like to get their own apartment straight out of college. But I'm like, yo, if you wanna live by the city or in the city in your own apartment, that's really expensive. If you find roommates, one, that's a good way of synergy between your two networks. It just takes a little bit more legwork and obviously the relationship managing between you and your roommates. But guys, that's part of growing up. You don't have to do it when you guys get older. Anyways, it doesn't matter. Your friends and followers can be a great resource nowadays. What's the use of social media if you can't actually connect with people? Being able to put the puzzle pieces together is a skill. Sometimes there isn't even any more work involved, just connecting pre-existing systems that weren't aware of each other before. Post an IG story, Facebook post. If you have a good reputation, people are willing to help you out. Just don't be annoying and don't be scheming about it. Number five guys, share your food. No pun intended, five guys, share your food. Yeah. Share your food because it's like, there's so many different reasons for it. Whether we're talking about developing cultural capital for just being more open-minded and a more worldly cultured person all the way to saving money, all the way to just increasing your networks. Listen, I think there's a lot of Instagrammable food out there. A lot of aesthetically focused foods that you want to try but are kind of expensive. Try once. It's out of the fusion spot, yeah. But to me, the more obscure foods or like the immigrant restaurants are the cool ones. Because one, you become more cultured. Two, not everybody can travel, especially during these times. So what's the next best thing? You go to an authentic restaurant of that culture. You're extrapolating more value out of that $10, $15 you are spending. You're getting more value for it. Putting $5 towards, you know, a fast food item versus $10 on something you've never had before with your friend and experience, something to talk about. Hey, being cultured is cool now too. There's a lot of smart people that have written about the reasons why you shouldn't eat alone while on the path to success. Inviting someone out to lunch can go a long way. Also, eating more interesting meals can make you a more interesting person. Number six, do your research on the items that you purchase but don't get paralyzed or spend too much time doing the research. I think that that's one thing I've noticed for a lot of people, it's like they're on two ends of the spectrum. Either they're just not even researching their decision or they're just researching it to the point where it's like, you're about to spend $20 but you just spent about 40 minutes researching $20. It's called overthinking. Overthinking can lead you to just not doing anything. So let's say you spend three days researching something. Oh, what's the best blah, blah, blah, comparing this and this and really the difference is only like $50 to $100. You just spent three days of your brain power thinking about people value making quick decisions in sports. You don't have all the time to make your decision in sports. So the quicker you can make your decision that's valued as a player. I think one of the things, the frameworks that I've developed that's helpful to make reads guys for me at least as the law of thirds. So the law of thirds means the three by three grid that's nine boxes. And I actually much prefer this way of ranking things rather than zero to 10. You know, people will be like, Oh, is this, what's this thing out of 10? That doesn't really make that much sense to me because everybody like has such a weird scale for stuff. I like to rank things A, B and C and then A1, A2, A3, B1, B2, B3. So that's my preferred ranking scale for life. Three different tiers makes it more clear to where things fall. It's more specific. Yeah, it's more specific because you have your high end, your middle end and your low end. This is like a internet concept with Netflix. It's been two hours, you know, flipping through the, all the movies and stuff and by that time you damn near could have watched the movie. Oh, people do that with food. They spend 40 minutes looking through Yelp and I've done the same thing only to realize, I don't even, I just got some snacks at home. It's a waste of time, man. I know when you're young, it's different because you feel like you have so much time but when you get older, I guess the value of time like kind of goes up. These are things that we actually learned and went through ourselves. Doing deep research is the right thing to do but try putting a deadline on your decisions, especially if it's not a huge one. Let's make a decision in 10 minutes is a lot more efficient than letting it sit around in your head for days. Time is money so the more time you spend thinking it could cost you. Basically there is a balance between being diligent and actually moving forward on a project. You need both in life to get stuff done. All right, let me tell you that. Last but not least guys, this is just a seventh simple piece of advice we have for young people out there. Find the messengers that relate to you. So for a lot of people guys, there's been a lot of like success books written in American history in English for about like a hundred years. But in some of those books, do obviously have overlapping information that not all the books are gonna hit in your soul. Find content that is applicable to your life and what could help you out. And that's why a lot of people don't like school curriculums. Yeah, exactly. Exactly, don't apply to them. They wanna talk about taxes and stuff. Now you're talking about George Washington. You know, I had read through a lot of different success books in the past two years and I couldn't even finish some of them because I just didn't connect with the person in their story. But I'm not gonna lie, and this is a little plug for 50 cents, hustle smarter, hustle harder book. Like I thought that really connected because we follow 50 cents career and so he brings up people and stories that are relevant that I'm like, oh, I know who Lloyd Banks is, blah, blah, blah. You know, and so anything he said just made more sense to me. Now more so than ever, you could find advice from someone that is really catered to your life and situation. Sometimes two different people will tell you the exact same thing but because somebody resonated with your soul and you relate to them, you actually absorb the information way more. So I do recommend following industry verified people with real accolades. So you guys, those are just some seven quick tips for you guys. Those are good, those are good. You know, just add value to your life and go over all the seven tag lines real quick. Number one, resell your old items. Number two, look at the true usage value of something. Number three, pregame for life and not only the club. Number four, don't be scared to tap your network. Number five, don't eat alone and don't eat boring. Number six, do your research but don't get analysis paralysis. And number seven, the messenger matters. Find mentors that resonate with you. I think you guys out there, if you guys are just graduating college, follow all these looking to them. I feel like these are things that we all went through and I'm not saying I've mastered 100% of it but they're all relevant and I think about them time to time. So we really hope it was helpful and we're not claiming these tips will make you a millionaire but these are ways to still enjoy life while being responsible and thinking about the future. Let us know what some of your tips are in the comments down below. Thank you so much for watching. Give us a huge like, subscribe, turn on your notifications. Until next time, we out. Peace. Shout out to you know, Graham Stephens and all that stuff like that but I think a lot of people are not trying to give up Starbucks. If you find those success tips a little bit too extreme, I think you're gonna like this video.