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My Lamborghini Huracan Only Cost $20,000! (DREAM CAR)

Published on: December 4 2022 by Hayden Bowles

My Lamborghini Huracan Only Cost $20,000! (DREAM CAR)

My Lamborghini Huracan Only Cost $20,000! (DREAM CAR)

startTime durationTime text
00:00:00 00:00:04 all right let's tok about how i used
00:00:02 00:00:05 money for my e-commerce business to buy
00:00:04 00:00:07 something that was a little bit
00:00:05 00:00:17 dumb which was my lamborghini huracan
00:00:07 00:00:27 when i was 18 years old
00:00:30 00:00:36 wow that's so loud oh my goodness
00:00:42 00:00:46 so in this video i want to make it clear
00:00:44 00:00:47 that i don't want this to come off as
00:00:46 00:00:49 like a little douchey or in the wrong
00:00:47 00:00:50 sense i was actually a little hesitant
00:00:49 00:00:52 to make this video
00:00:50 00:00:54 for one simple reason because we tok a
00:00:52 00:00:57 lot about e-commerce on this channel
00:00:54 00:00:58 and we also touch on finances investing
00:00:57 00:01:00 different things like that
00:00:58 00:01:02 it can put off a little bit of a weird
00:01:00 00:01:04 image if i have a certain vehicle
00:01:02 00:01:06 now i've made the choice to show that
00:01:04 00:01:06 here online and we're going to tok
00:01:06 00:01:08 about
00:01:06 00:01:10 everything from the full cost i never
00:01:08 00:01:12 try to hide anything from you guys so
00:01:10 00:01:13 from purchase price whether i finance
00:01:12 00:01:15 the vehicle or not just going through
00:01:13 00:01:16 all the specific details
00:01:15 00:01:18 i've been very open and honest about
00:01:16 00:01:20 that and i hope you guys appreciate that
00:01:18 00:01:21 level of transparency
00:01:20 00:01:23 but in this video i wanted to explain
00:01:21 00:01:25 from a financial perspective
00:01:23 00:01:26 how i made sense of purchasing the
00:01:25 00:01:27 vehicle we're going to tok about all
00:01:26 00:01:29 the costs
00:01:27 00:01:31 how it worked out to be a pretty much
00:01:29 00:01:33 free vehicle and in what situation it
00:01:31 00:01:34 actually can make sense to potentially
00:01:33 00:01:36 consider
00:01:34 00:01:38 buying a car because there's multiple
00:01:36 00:01:39 types of people and i definitely don't
00:01:38 00:01:41 think everybody should have
00:01:39 00:01:43 you know a crazy sports car or something
00:01:41 00:01:45 like that so it's not for everyone i
00:01:43 00:01:46 want to make that very clear inside this
00:01:45 00:01:46 video i think you're going to get a good
00:01:46 00:01:49 sense
00:01:46 00:01:50 of at least my positioning on vehicles
00:01:49 00:01:52 at one point i had like six different
00:01:50 00:01:54 cars at once and it got a little out of
00:01:52 00:01:56 hand but there's always
00:01:54 00:01:57 a reason for doing certain things so
00:01:56 00:01:58 we're gonna break that down
00:01:57 00:02:00 if you guys are excited for this video
00:01:58 00:02:02 make sure to smash a like down below
00:02:00 00:02:04 and let's get right into it so like i
00:02:02 00:02:05 said this video is a little weird i
00:02:04 00:02:07 don't want it to come off wrong but we
00:02:05 00:02:08 tok about finances so i believe this is
00:02:07 00:02:09 important because
00:02:08 00:02:11 this is a video that i would have loved
00:02:09 00:02:13 to watch back in the day so
00:02:11 00:02:15 let me set the scene for you it was
00:02:13 00:02:17 pretty much two years ago to today when
00:02:15 00:02:19 i'm filming this like this week
00:02:17 00:02:21 two years ago i bought the lamborghini
00:02:19 00:02:22 huracan okay and we're going to tok
00:02:21 00:02:24 about that but here's what i
00:02:22 00:02:26 think in terms of who should be buying a
00:02:24 00:02:29 car i'm not a car guy
00:02:26 00:02:31 right i'm a guy who likes cars
00:02:29 00:02:33 there's a big difference car guys know
00:02:31 00:02:34 everything about the engine all the
00:02:33 00:02:36 specific details i have a bunch of
00:02:34 00:02:37 friends like that that's super cool they
00:02:36 00:02:38 know all the facts
00:02:37 00:02:40 they know their stuff because that's a
00:02:38 00:02:42 huge huge hobby of theirs
00:02:40 00:02:44 right cars are kind of a side passion
00:02:42 00:02:45 for me i can't tell you a ton about the
00:02:44 00:02:47 engines i can't take it apart and
00:02:45 00:02:47 rebuild it you have a bunch of friends
00:02:47 00:02:49 who can
00:02:47 00:02:52 i have family members who can that's not
00:02:49 00:02:52 me and typically car guys sink you know
00:02:52 00:02:54 100
00:02:52 00:02:56 of their money into it it's in not in
00:02:54 00:02:58 every situation but usually it's like
00:02:56 00:02:59 soul focus on the vehicle that's that's
00:02:58 00:03:01 not where my attention is
00:02:59 00:03:03 i just like cars so i always had
00:03:01 00:03:06 pictures on my walls i remember it was a
00:03:03 00:03:07 ferrari 458 it was a maserati ghibli
00:03:06 00:03:09 which probably wasn't the best choice
00:03:07 00:03:11 as well as a lamborghini huracan that i
00:03:09 00:03:12 had on my wall and that was a motivating
00:03:11 00:03:13 factor
00:03:12 00:03:15 five six years ago whether it was
00:03:13 00:03:17 materialistik or not because
00:03:15 00:03:18 here here's kind of my opinion on
00:03:17 00:03:20 materialistik stuff people like oh he
00:03:18 00:03:22 has a nice car blah blah blah
00:03:20 00:03:24 it's only materialistik depending on how
00:03:22 00:03:26 you're using the vehicle
00:03:24 00:03:28 so for an example if you have it for the
00:03:26 00:03:30 wrong reason so i bought the car because
00:03:28 00:03:31 it was a dream of mine i loved the car
00:03:30 00:03:33 and as i'm gonna explain
00:03:31 00:03:34 it was a very very good deal i purchased
00:03:33 00:03:36 it correctly
00:03:34 00:03:39 some people buy a car of whatever
00:03:36 00:03:40 magnitude for the purpose of what other
00:03:39 00:03:42 people will think about them
00:03:40 00:03:43 when they have that car and the real
00:03:42 00:03:45 test that you can ask yourself is
00:03:43 00:03:46 if you're the only person left on earth
00:03:45 00:03:48 and someone asked me this and told me
00:03:46 00:03:50 this before i bought the car
00:03:48 00:03:52 if you were the only person left on
00:03:50 00:03:54 earth would you still drive this car
00:03:52 00:03:56 and my answer is 100 yes i'd probably go
00:03:54 00:03:58 to the the craziest dealership and go
00:03:56 00:04:00 go get a connoisseur or a mclaren p1 i'd
00:03:58 00:04:00 go drive something even crazier if i
00:04:00 00:04:02 could
00:04:00 00:04:04 because i love cars right not a car guy
00:04:02 00:04:06 i just like cars okay
00:04:04 00:04:08 so i worked hard for many many years i
00:04:06 00:04:09 don't think that a vehicle should try to
00:04:08 00:04:11 be your first purchase
00:04:09 00:04:12 i definitely spent a little bit of time
00:04:11 00:04:14 like shopping for them online just
00:04:12 00:04:16 like as a motivating factor but try not
00:04:14 00:04:17 to put a lot of time into it again focus
00:04:16 00:04:19 on your business and your income
00:04:17 00:04:21 but i made the money just for many many
00:04:19 00:04:23 cars and i obviously want to spend all
00:04:21 00:04:24 my money on a lamborghini that'd be very
00:04:23 00:04:26 very backwards
00:04:24 00:04:28 but here's what happened two years ago i
00:04:26 00:04:30 was looking for a car i wasn't in a rush
00:04:28 00:04:31 i'd been looking for months and months i
00:04:30 00:04:33 was taking my sweet time
00:04:31 00:04:35 i was actually at the lamborghini
00:04:33 00:04:36 dealership in north scottsdale in
00:04:35 00:04:37 arizona
00:04:36 00:04:39 and the guy there is trying to sell me
00:04:37 00:04:40 on some brand new one i'm like dude i'm
00:04:39 00:04:41 about to lose so much money if i buy
00:04:40 00:04:42 this and
00:04:41 00:04:44 there was zero chance i was gonna ever
00:04:42 00:04:45 buy it i was just letting him tok and i
00:04:44 00:04:47 was going online showing him like better
00:04:45 00:04:48 deals and why his was terribly priced
00:04:47 00:04:50 just toking and
00:04:48 00:04:52 anyways i saw my friends listed for sale
00:04:50 00:04:54 and he had just listed it and i had seen
00:04:52 00:04:56 the car in person a few times
00:04:54 00:04:57 so i called him up when test drove it
00:04:56 00:04:59 the next day i bought it from him
00:04:57 00:05:00 here's the thing it was a private party
00:04:59 00:05:03 sale never buy from a dealership
00:05:00 00:05:04 i paid zero percent sales tax i saved
00:05:03 00:05:06 about 14 to 16
00:05:04 00:05:08 000 so pretty much every most people
00:05:06 00:05:09 that you see buy a car
00:05:08 00:05:11 they're gonna pay sales tax roughly
00:05:09 00:05:13 around that on a 200
00:05:11 00:05:14 000 car they're going to pay 15 000
00:05:13 00:05:16 roughly depending on where they are
00:05:14 00:05:18 i got one of the best deals on the
00:05:16 00:05:21 market at the time still a great deal
00:05:18 00:05:24 i paid 210 000 for a 2015 lamborghini
00:05:21 00:05:26 huracan with 13 000 miles that had a
00:05:24 00:05:26 bunch of options a white interior which
00:05:26 00:05:29 was pretty rare
00:05:26 00:05:31 full carbon package had an exhaust a
00:05:29 00:05:32 tune it was a beautifully built car
00:05:31 00:05:34 taken care of very well and i knew both
00:05:32 00:05:35 of the previous owners the only two
00:05:34 00:05:37 people who owned it
00:05:35 00:05:38 so i paid cash for the vehicle we're
00:05:37 00:05:40 going to tok about why
00:05:38 00:05:42 but today the car has 11 000 more miles
00:05:40 00:05:44 i've owned it for two years
00:05:42 00:05:45 and if you actually were to think about
00:05:44 00:05:48 the value that car right now i could
00:05:45 00:05:49 sell it for 190 000
00:05:48 00:05:51 from the car itself okay that's
00:05:49 00:05:52 obviously if you guys watch the channel
00:05:51 00:05:54 that's not factored in the twin turbo
00:05:52 00:05:54 build and what it's worth now and what i
00:05:54 00:05:56 put into it
00:05:54 00:05:59 but just the vehicle itself that 210
00:05:56 00:06:02 thousand dollars is now 190.
00:05:59 00:06:04 so a 20 000 loss over a two year period
00:06:02 00:06:06 is nothing when it comes to a vehicle
00:06:04 00:06:07 like that plus that's a write-off
00:06:06 00:06:09 and i'm sure i've made that back in some
00:06:07 00:06:11 way from ad revenue here on the youtube
00:06:09 00:06:11 channel like the lamborghini video i did
00:06:11 00:06:14 that
00:06:11 00:06:15 made like 10 or 15 thousand dollars
00:06:14 00:06:17 obviously i spent a lot of money to ship
00:06:15 00:06:19 it and go have fun filming the video
00:06:17 00:06:21 but nonetheless it kind of works out to
00:06:19 00:06:24 be somewhere in that range of near free
00:06:21 00:06:26 so two years of fun with my dream car
00:06:24 00:06:27 for twenty thousand dollars of
00:06:26 00:06:28 depreciation here's just how i think
00:06:27 00:06:32 about the finances
00:06:28 00:06:35 right so when i went to go buy this car
00:06:32 00:06:36 i didn't do it like in one day i mean
00:06:35 00:06:38 this was like a six
00:06:36 00:06:40 twelve month prior 12 month process of
00:06:38 00:06:42 looking at different cars you know
00:06:40 00:06:43 renting some here and there just feeling
00:06:42 00:06:46 out kind of what i wanted so
00:06:43 00:06:47 from an ownership perspective um this
00:06:46 00:06:49 vehicle costs like three thousand
00:06:47 00:06:51 dollars a year to maintain and that's
00:06:49 00:06:52 with tires i mean all the services it's
00:06:51 00:06:54 really not that bad
00:06:52 00:06:55 um it probably less that's an
00:06:54 00:06:57 overestimate my insurance
00:06:55 00:06:59 was 2500 a month for the first three to
00:06:57 00:07:00 four months that was terrible
00:06:59 00:07:02 because i hadn't met the broker that i
00:07:00 00:07:03 use now for insurance insurance now is
00:07:02 00:07:04 900
00:07:03 00:07:06 a month again all these things are
00:07:04 00:07:07 different types of write-offs the
00:07:06 00:07:08 maintenance as well as the insurance
00:07:07 00:07:10 just because of
00:07:08 00:07:11 how i use the vehicle and a lot of it is
00:07:10 00:07:13 for business mileage you know i
00:07:11 00:07:14 don't really drive many places except
00:07:13 00:07:15 the gym that's not really business
00:07:14 00:07:17 related
00:07:15 00:07:19 so it's funny you know when the
00:07:17 00:07:21 insurance is actually 2500 a month i
00:07:19 00:07:23 remember one of my friends graham stefan
00:07:21 00:07:24 he was at my birthday party in hollywood
00:07:23 00:07:27 in
00:07:24 00:07:28 was it was my 19th birthday in 2019 it
00:07:27 00:07:30 was really funny i just bought the
00:07:28 00:07:32 vehicle like two months before and so
00:07:30 00:07:34 the insurance was still 2500 a month
00:07:32 00:07:36 and he shows up early we're toking
00:07:34 00:07:37 we're hanging out and he asked about the
00:07:36 00:07:38 insurance i'm like yeah it's like 2500
00:07:37 00:07:40 he's like
00:07:38 00:07:42 wow every six months that's expensive
00:07:40 00:07:44 man and proceeds to tell me what his is
00:07:42 00:07:46 and i'm like no dude that's that's every
00:07:44 00:07:47 month and his eyes
00:07:46 00:07:49 you know he's a fruit guy he's a good
00:07:47 00:07:50 friend of mine but he's like boom he
00:07:49 00:07:53 just like picked up he's like
00:07:50 00:07:54 are you serious dude sell the car right
00:07:53 00:07:56 now and i just kind of laughed
00:07:54 00:07:57 because i knew the cost was about to go
00:07:56 00:07:58 way down and i was you know making
00:07:57 00:08:00 content with the car and i was i was
00:07:58 00:08:02 able to make sense of the vehicle
00:08:00 00:08:03 i understand how it seems outlandish but
00:08:02 00:08:04 i valued it because again i like cars
00:08:03 00:08:06 not a car guy
00:08:04 00:08:08 i really like cars and at the time i
00:08:06 00:08:09 valued it okay so the vehicle
00:08:08 00:08:13 we'll tok about why i bought it in cash
00:08:09 00:08:14 but the value of that vehicle the money
00:08:13 00:08:16 sitting in there
00:08:14 00:08:18 was not from my business that money was
00:08:16 00:08:20 sitting to the side for the purpose of
00:08:18 00:08:21 real estate investing but
00:08:20 00:08:23 i knew that i wasn't going to be buying
00:08:21 00:08:24 much real estate any time
00:08:23 00:08:26 soon and then you know it was i was
00:08:24 00:08:28 still buying real estate
00:08:26 00:08:29 like eight months after but i wasn't
00:08:28 00:08:30 using that money i you know i used a
00:08:29 00:08:32 porsche in the money
00:08:30 00:08:34 so anyways that's a whole different
00:08:32 00:08:36 organizational system
00:08:34 00:08:37 but nonetheless it meant that the reason
00:08:36 00:08:40 i would sell this car which i will sell
00:08:37 00:08:42 this lamborghini probably this year
00:08:40 00:08:43 that'll come up we'll tok about that
00:08:42 00:08:45 the reason i'd sell it is to take that
00:08:43 00:08:47 money to put it into a real estate deal
00:08:45 00:08:49 the money cannot and will not ever be
00:08:47 00:08:50 used for anything else that's just how i
00:08:49 00:08:52 think about it
00:08:50 00:08:54 so that's what the money is used for but
00:08:52 00:08:56 in the meantime i figured i would buy
00:08:54 00:08:59 the cars all of my cars you know one
00:08:56 00:09:02 point i had two gtrs i have the m4
00:08:59 00:09:04 uh tesla the audi r8 all of those cars
00:09:02 00:09:06 pretty much none of them lost me much
00:09:04 00:09:09 money like the gtr for an example
00:09:06 00:09:10 i made seven thousand dollars owning the
00:09:09 00:09:12 car for a year
00:09:10 00:09:14 so there's different ways if you buy the
00:09:12 00:09:15 vehicle correctly all of them private
00:09:14 00:09:16 party you know and you buy the car if
00:09:15 00:09:18 you understand the market
00:09:16 00:09:19 you can kind of play that game if you
00:09:18 00:09:20 have some capital to work with so the
00:09:19 00:09:23 cool thing is
00:09:20 00:09:24 you know i always loved cars and i knew
00:09:23 00:09:26 i would do something stupid and
00:09:24 00:09:26 impulsive eventually to go ahead and buy
00:09:26 00:09:28 one
00:09:26 00:09:30 but i got the bug out of my system now
00:09:28 00:09:32 and now i really don't care
00:09:30 00:09:34 i've actually been downsizing my garage
00:09:32 00:09:36 i've sold multiple vehicles
00:09:34 00:09:37 the tesla and m4 are just going up for
00:09:36 00:09:39 sale later this year the lamborghini
00:09:37 00:09:40 will probably go for sale
00:09:39 00:09:42 the gtrs are gone all right it's gone
00:09:40 00:09:43 one of the gtrs got stolen that was a
00:09:42 00:09:45 whole nother thing
00:09:43 00:09:46 uh sold my other one made seven thousand
00:09:45 00:09:48 dollars on that after a year
00:09:46 00:09:51 audi r8 that one i bit the bullet a
00:09:48 00:09:53 little bit but sold it nonetheless
00:09:51 00:09:55 and that one was totally fine so yeah it
00:09:53 00:09:56 wasn't really that bad when you look at
00:09:55 00:09:58 the total magnitude it's not like you're
00:09:56 00:09:59 spending x amount for a car then it goes
00:09:58 00:10:01 to zero
00:09:59 00:10:02 some of these you lose no money you
00:10:01 00:10:03 drive it for free
00:10:02 00:10:05 if you know what you're looking for and
00:10:03 00:10:06 just like house hacking that's car
00:10:05 00:10:07 hacking so
00:10:06 00:10:09 right now i want to get into kind of how
00:10:07 00:10:12 i did it with the drop shipping because
00:10:09 00:10:14 that money was purely from my e-commerce
00:10:12 00:10:15 business okay that that's where all of
00:10:14 00:10:17 the money was being funded
00:10:15 00:10:19 i wasn't living off of that i wasn't
00:10:17 00:10:21 spending much money personally
00:10:19 00:10:22 my expenses were very very minimal
00:10:21 00:10:24 income like personal expenses like
00:10:22 00:10:25 factoring in rent food
00:10:24 00:10:28 whatever at the time right as i was
00:10:25 00:10:30 buying that lamborghini my expenses were
00:10:28 00:10:32 a couple of percent of what i was making
00:10:30 00:10:33 i mean i keep it super super
00:10:32 00:10:35 low it might not seem like it but i'm
00:10:33 00:10:37 really frugal and very money conscious
00:10:35 00:10:39 so i really don't spend much money
00:10:37 00:10:41 personally i mean my grocery bill is
00:10:39 00:10:42 maybe 300 a month and i i pay a lot of
00:10:41 00:10:44 attention to what i eat
00:10:42 00:10:46 i eat out maybe once or twice a month i
00:10:44 00:10:48 keep things very
00:10:46 00:10:50 very tight people see me flying around
00:10:48 00:10:51 that's all paid for off amex points for
00:10:50 00:10:53 my business's ad spend
00:10:51 00:10:55 i really try not to spend a lot of money
00:10:53 00:10:56 so anyways let's get into the e-commerce
00:10:55 00:10:57 stuff and actually how i was kind of
00:10:56 00:10:59 operating the business
00:10:57 00:11:00 to make the money to do something like
00:10:59 00:11:02 this just because i want to
00:11:00 00:11:04 actually explain it and not just tok
00:11:02 00:11:06 about it so for anyone who wants a car
00:11:04 00:11:07 this is how you can make sense so a car
00:11:06 00:11:09 is 210 000
00:11:07 00:11:11 right we're just going to use this as
00:11:09 00:11:14 the example my average profit margin
00:11:11 00:11:16 during 2017 and 2018 from drop shipping
00:11:14 00:11:18 i was purely dropshipping i didn't hold
00:11:16 00:11:20 any inventory for any products
00:11:18 00:11:22 um it didn't really make sense to at the
00:11:20 00:11:23 time so nonetheless that average profit
00:11:22 00:11:25 margin was about 31
00:11:23 00:11:27 it's kind of what i calculated out maybe
00:11:25 00:11:30 it was 30 maybe it was 32
00:11:27 00:11:32 about 30 percent so when you do a couple
00:11:30 00:11:33 million dollars in sales and gross
00:11:32 00:11:34 revenue with an e-commerce business this
00:11:33 00:11:36 for me was spread out between probably
00:11:34 00:11:38 three or four stores
00:11:36 00:11:39 at the time living in minnesota and even
00:11:38 00:11:40 when i was in california paying
00:11:39 00:11:44 minnesota tax
00:11:40 00:11:46 37 percent your highest bracket plus 9.5
00:11:44 00:11:48 that's the minnesota state income tax i
00:11:46 00:11:51 was at 45.5
00:11:48 00:11:52 so nearly half of the money in taxes
00:11:51 00:11:55 gone
00:11:52 00:11:56 right so you can kind of do the math
00:11:55 00:11:58 on on how much money it was making or
00:11:56 00:12:00 whatever i i tok a little bit about it
00:11:58 00:12:02 but uh you know i again i use the
00:12:00 00:12:04 portion of the money that i
00:12:02 00:12:05 had sitting to go buy this vehicle but
00:12:04 00:12:07 keep in mind i was buying other cars too
00:12:05 00:12:09 so i bought those other cars in cash
00:12:07 00:12:10 i also gifted my grandfather a vehicle
00:12:09 00:12:11 because he co-signed on my first
00:12:10 00:12:13 business account
00:12:11 00:12:14 just so i could get started when i was
00:12:13 00:12:15 16 and open a shopify store and stuff
00:12:14 00:12:17 like that so
00:12:15 00:12:18 forever grateful for him for that he's
00:12:17 00:12:20 actually gotten he swapped the car for
00:12:18 00:12:21 another type of bmw and absolutely loves
00:12:20 00:12:23 it but
00:12:21 00:12:24 nonetheless he's uh he's been having a
00:12:23 00:12:26 lot of fun and so you know
00:12:24 00:12:28 i i did those things i mean i got the
00:12:26 00:12:30 bug out of my system with cars
00:12:28 00:12:32 so you know the point here isn't to
00:12:30 00:12:34 encourage you to buy a car
00:12:32 00:12:36 um in fact i spell all this stuff wrong
00:12:34 00:12:37 i've just been telling one of my friends
00:12:36 00:12:38 who's like kind of newer to making a
00:12:37 00:12:40 really good amount of money and he's
00:12:38 00:12:41 like oh what should i do and like you
00:12:40 00:12:43 know he's a frugal guy
00:12:41 00:12:44 i told him like you know don't do it
00:12:43 00:12:45 like if you really need to like if you
00:12:44 00:12:47 need to
00:12:45 00:12:48 take one of my cars take it for a month
00:12:47 00:12:50 take it for two months but
00:12:48 00:12:51 even if you do that i understand because
00:12:50 00:12:52 i've rented cars for a long period of
00:12:51 00:12:54 time
00:12:52 00:12:56 it won't be the same as ownership and
00:12:54 00:12:58 people say oh lamborghini's super cool
00:12:56 00:12:59 and then it doesn't feel like that after
00:12:58 00:13:02 two weeks
00:12:59 00:13:04 that's someone who doesn't like cars i
00:13:02 00:13:05 like cars the lamborghini has been
00:13:04 00:13:06 everything i've dreamed of and more i've
00:13:05 00:13:08 100
00:13:06 00:13:10 got my values worth even if i lost a
00:13:08 00:13:12 hundred thousand dollars on the car
00:13:10 00:13:13 it's still worth it to me so people who
00:13:12 00:13:14 say that oh it gets boring after two
00:13:13 00:13:17 weeks and then it's just
00:13:14 00:13:19 annoying and whatever you don't like
00:13:17 00:13:20 cars so you bought the car for the wrong
00:13:19 00:13:21 reason in the first
00:13:20 00:13:24 place you just have to keep that in mind
00:13:21 00:13:24 so one thing i told my friends is you
00:13:24 00:13:26 know
00:13:24 00:13:28 try to delay buying a car like that you
00:13:26 00:13:31 know if you're gonna buy it be patient
00:13:28 00:13:33 buy it in the right way try to watch the
00:13:31 00:13:34 depreciation curve don't buy it from a
00:13:33 00:13:36 dealership there's things like that that
00:13:34 00:13:37 you can do to save money when purchasing
00:13:36 00:13:39 a car so
00:13:37 00:13:40 again just like that gtr example that i
00:13:39 00:13:41 that i gave you guys i made seven
00:13:40 00:13:42 thousand dollars owning it for one year
00:13:41 00:13:44 and that's awesome
00:13:42 00:13:46 i got a lot of use out of it my friends
00:13:44 00:13:46 used it a lot we had a great time you
00:13:46 00:13:49 know
00:13:46 00:13:50 so here's kind of a little bit about my
00:13:49 00:13:52 drop shipping strategy at the time
00:13:50 00:13:53 if you guys have been following along on
00:13:52 00:13:55 the channel you've seen it evolve as
00:13:53 00:13:56 marketing platforms change and as i have
00:13:55 00:13:58 access to more capital
00:13:56 00:13:59 to spend in different marketing routes
00:13:58 00:14:01 and different alternatives
00:13:59 00:14:03 i've done that i've gotten to test a
00:14:01 00:14:04 whole lot of different stuff so
00:14:03 00:14:06 at the time i had this dialed in i had a
00:14:04 00:14:08 cookie cutter system that was so so easy
00:14:06 00:14:09 to start new stores
00:14:08 00:14:11 run it up make good money i started
00:14:09 00:14:13 partnering with other people because
00:14:11 00:14:14 we'll tok about that in a second but
00:14:13 00:14:16 instagram influencers i would pay
00:14:14 00:14:17 minimum kind of 500 bucks for a shout
00:14:16 00:14:19 out
00:14:17 00:14:21 i'd get back you know 1300 in sales or
00:14:19 00:14:22 1900 in sales 2800 in sales
00:14:21 00:14:23 i would do this over and over you know
00:14:22 00:14:24 sometimes a thousand two thousand
00:14:23 00:14:26 dollars
00:14:24 00:14:28 but what i would do is i would have my
00:14:26 00:14:29 facebook pixel on the shopify store so
00:14:28 00:14:31 even if i wasn't running facebook ads
00:14:29 00:14:32 right away and i was still somewhat new
00:14:31 00:14:34 to facebook
00:14:32 00:14:35 i would have all this data from a couple
00:14:34 00:14:37 of influencers shout outs
00:14:35 00:14:38 so it really helped me build the pixel
00:14:37 00:14:38 and and kind of right away i would
00:14:38 00:14:40 launch
00:14:38 00:14:42 low budget like five to ten dollar
00:14:40 00:14:44 facebook ads i don't run any five dollar
00:14:42 00:14:46 day ads now they don't work as well
00:14:44 00:14:48 but i would launch these low budget ads
00:14:46 00:14:50 um just on cold interest targeting right
00:14:48 00:14:51 away and this is way before cbo was like
00:14:50 00:14:53 this is back in the day
00:14:51 00:14:56 but uh just cold interest targeting and
00:14:53 00:14:57 then once you get 100 to 300 sales
00:14:56 00:14:59 start moving into look lookalikes and i
00:14:57 00:15:00 would bump those budgets a little bit
00:14:59 00:15:02 but then i could kind of have
00:15:00 00:15:04 consistency inside of the business
00:15:02 00:15:05 because with an instagram influencer i
00:15:04 00:15:08 pay someone to post something
00:15:05 00:15:09 sales go bananas for four hours then it
00:15:08 00:15:11 slows way down
00:15:09 00:15:12 and after 24 hours it's completely dead
00:15:11 00:15:15 because the post is gone
00:15:12 00:15:17 right so it's super super it comes and
00:15:15 00:15:19 goes it's very volatile
00:15:17 00:15:20 so with facebook that helped me achieve
00:15:19 00:15:23 consistency and since i was
00:15:20 00:15:24 really frugal and like money conscious i
00:15:23 00:15:26 never liked seeing monthly income go
00:15:24 00:15:28 down which was absurd back then but
00:15:26 00:15:30 nonetheless i was very focused on
00:15:28 00:15:32 consistency and so i mean i didn't even
00:15:30 00:15:34 move out until i had
00:15:32 00:15:35 consistency so facebook gave me that
00:15:34 00:15:36 consistency
00:15:35 00:15:38 and like i said that system was really
00:15:36 00:15:40 effective i got it nailed down
00:15:38 00:15:41 and then i moved to california and i was
00:15:40 00:15:42 like starting the youtube channel a few
00:15:41 00:15:44 months later we released our first
00:15:42 00:15:45 e-commerce program for
00:15:44 00:15:47 whatever was a couple hundred bucks and
00:15:45 00:15:49 it was just showing people that strategy
00:15:47 00:15:50 so for me it was really easy to get new
00:15:49 00:15:52 stores off the ground because i put
00:15:50 00:15:55 so much time into that strategy and it
00:15:52 00:15:57 worked but i hated building stores and
00:15:55 00:15:59 i've toked about this before
00:15:57 00:16:00 building shopify stores i actually just
00:15:59 00:16:01 started tinkering around with one
00:16:00 00:16:03 literally
00:16:01 00:16:05 last night it's been in the last two
00:16:03 00:16:06 years i've probably built two shopify
00:16:05 00:16:08 stores but i've started like 40 or 50
00:16:06 00:16:09 new ones that we've tested with multiple
00:16:08 00:16:10 different people
00:16:09 00:16:12 like partners of mine when we were
00:16:10 00:16:14 launching five a week and just testing
00:16:12 00:16:16 all sorts of crazy stuff
00:16:14 00:16:18 i don't like doing that i'm decent at it
00:16:16 00:16:19 i'm not the best i'd rather pay someone
00:16:18 00:16:20 else to do that i'm not going to handle
00:16:19 00:16:21 support
00:16:20 00:16:23 in fact i don't even like toking to my
00:16:21 00:16:24 support person so that's why i usually
00:16:23 00:16:26 operate with a partner who can handle
00:16:24 00:16:28 all of the administrative administrative
00:16:26 00:16:29 stuff because i strictly enjoy running
00:16:28 00:16:32 ads it's kind of
00:16:29 00:16:34 what i do that's that's my era and my
00:16:32 00:16:35 little niche inside of what we're doing
00:16:34 00:16:36 so i just like the ads i like the
00:16:35 00:16:38 analytiks
00:16:36 00:16:39 and i like looking at that so again for
00:16:38 00:16:42 money that i'd saved for years
00:16:39 00:16:43 all cash paid my taxes which always hurt
00:16:42 00:16:45 but i bought nothing you know i was very
00:16:43 00:16:47 financially conscious and i knew what i
00:16:45 00:16:48 was doing as well when i bought that car
00:16:47 00:16:50 i really just don't want this to come
00:16:48 00:16:50 off is toking about a car and the money
00:16:50 00:16:53 but
00:16:50 00:16:55 people always asking my original goal
00:16:53 00:16:57 with youtube the original thing was
00:16:55 00:16:59 make videos that i would have wanted to
00:16:57 00:17:01 watch four years ago five years ago six
00:16:59 00:17:02 years ago so that's exactly what this
00:17:01 00:17:04 video is
00:17:02 00:17:06 it's why about the car a full financial
00:17:04 00:17:07 breakdown on it i even toked about my
00:17:06 00:17:09 insurance in this video
00:17:07 00:17:10 and then how i did it not what caused me
00:17:09 00:17:12 to do it
00:17:10 00:17:13 how it's drop shipping and here's how i
00:17:12 00:17:15 just explained it so
00:17:13 00:17:17 again if you want to get more specifics
00:17:15 00:17:18 on that and what i do now with the
00:17:17 00:17:19 e-commerce stuff
00:17:18 00:17:21 i've recorded like two separate
00:17:19 00:17:23 tutorials in the last month or two just
00:17:21 00:17:25 on some 2021 strategies
00:17:23 00:17:27 toked about ad strategies product
00:17:25 00:17:27 research and product identification
00:17:27 00:17:28 strategies
00:17:27 00:17:30 i've toked about all that i'll leave
00:17:28 00:17:31 something linked below but you can just
00:17:30 00:17:33 go watch the longer videos that have
00:17:31 00:17:35 been posted recently on the channel so
00:17:33 00:17:37 now let's tok about the kind of the
00:17:35 00:17:38 final big question a lot of people
00:17:37 00:17:40 i don't see made fun of me for it i
00:17:38 00:17:42 don't really care what people say
00:17:40 00:17:44 because they're operating with limited
00:17:42 00:17:46 information so it's understandable
00:17:44 00:17:47 why i bought the car in cash you know
00:17:46 00:17:49 it's kind of an interesting topic
00:17:47 00:17:51 um and this is where the financial
00:17:49 00:17:52 frugality and different situations come
00:17:51 00:17:54 in so
00:17:52 00:17:56 for an example i'm kind of like dave
00:17:54 00:17:59 ramsey and not in a certain way but
00:17:56 00:18:00 i hate having monthly overhead so in
00:17:59 00:18:01 that realm
00:18:00 00:18:03 i really like what dave ramsey says and
00:18:01 00:18:04 i disagree with like 90
00:18:03 00:18:06 of the stuff that he says which is
00:18:04 00:18:07 totally fine love the guy no hate
00:18:06 00:18:08 against him but i just don't agree with
00:18:07 00:18:10 everything
00:18:08 00:18:12 but i could have financed the car um
00:18:10 00:18:13 yeah i had two years of tax returns
00:18:12 00:18:15 could have put like 50k down and
00:18:13 00:18:17 been paying like 2200 a month so i could
00:18:15 00:18:20 have saved 150
00:18:17 00:18:22 000 that i wouldn't have spent but
00:18:20 00:18:24 then my monthly overhead for the car
00:18:22 00:18:27 would have been at least 5 000
00:18:24 00:18:28 a month and in my head i wasn't even i
00:18:27 00:18:30 was spending
00:18:28 00:18:31 like probably around five thousand
00:18:30 00:18:32 dollars a month on all of my living
00:18:31 00:18:34 expenses
00:18:32 00:18:35 phone bills which i could write off some
00:18:34 00:18:38 of that i mean rent
00:18:35 00:18:38 food travel like everything i was doing
00:18:38 00:18:41 was
00:18:38 00:18:43 maybe maybe five thousand dollars a
00:18:41 00:18:45 month so why would i spend that on a car
00:18:43 00:18:46 that just didn't make sense to me so
00:18:45 00:18:48 to keep the cost down i bought it in
00:18:46 00:18:51 cash there's a few other reasons right
00:18:48 00:18:53 but i didn't like the overhead so people
00:18:51 00:18:54 are saying well that 150 000 could have
00:18:53 00:18:56 been invested here and there you
00:18:54 00:18:58 you could use your money in the business
00:18:56 00:18:58 but my business didn't need the money my
00:18:58 00:19:00 business
00:18:58 00:19:02 was operating on its current cash flow
00:19:00 00:19:03 and had huge cash reserves
00:19:02 00:19:05 so if i didn't need the money the money
00:19:03 00:19:07 wasn't being used and it was sitting
00:19:05 00:19:09 for the purpose of real estate not
00:19:07 00:19:10 business not any other investment it was
00:19:09 00:19:12 only there for real estate i would never
00:19:10 00:19:14 touch it for anything else
00:19:12 00:19:15 well that car that wasn't going to be
00:19:14 00:19:16 turned into real estate just turned into
00:19:15 00:19:16 a car right the money turned into the
00:19:16 00:19:19 car
00:19:16 00:19:21 so that's kind of how i thought about it
00:19:19 00:19:22 and to be honest if i was using 100 of
00:19:21 00:19:23 my money in different investments or the
00:19:22 00:19:25 business or
00:19:23 00:19:26 my money was going somewhere i would
00:19:25 00:19:28 have one car it would be
00:19:26 00:19:31 it probably just would have been the bmw
00:19:28 00:19:32 m4 right i paid like 50 grand for it
00:19:31 00:19:33 it would have been financed surely
00:19:32 00:19:35 wouldn't have been a lamborghini or
00:19:33 00:19:36 anything would have financed or leased a
00:19:35 00:19:39 lower end car
00:19:36 00:19:41 just to keep all that cash being usable
00:19:39 00:19:43 so that just wasn't my situation at the
00:19:41 00:19:46 time so you'll see me sell a lot of cars
00:19:43 00:19:48 uh and this will be a video for sure the
00:19:46 00:19:48 m4 was hard to let go everything else is
00:19:48 00:19:50 just like
00:19:48 00:19:52 it's a car like no emotional attachment
00:19:50 00:19:53 but the bmw for me
00:19:52 00:19:55 that was my first car that was one of my
00:19:53 00:19:56 dream cars it's been an amazing amazing
00:19:55 00:19:57 car
00:19:56 00:19:59 i bought it for fifty six thousand
00:19:57 00:20:00 dollars i'm selling it right now for
00:19:59 00:20:02 like 42.
00:20:00 00:20:03 so over three three years and three
00:20:02 00:20:05 months of ownership
00:20:03 00:20:06 of loyal ownership that car has been
00:20:05 00:20:08 great put over 50
00:20:06 00:20:10 000 miles on it and i'm gonna lose like
00:20:08 00:20:11 14 grand you know it's been very minimal
00:20:10 00:20:13 with maine i mean that's
00:20:11 00:20:15 that's a great deal that's cheaper than
00:20:13 00:20:15 leasing that's cheaper than buying a new
00:20:15 00:20:17 ultima
00:20:15 00:20:19 so people just don't understand how to
00:20:17 00:20:21 buy and operate these vehicles
00:20:19 00:20:22 to to you know have a decent financial
00:20:21 00:20:24 outcome with them
00:20:22 00:20:25 right so just buy the vehicle to sell a
00:20:24 00:20:26 lot of people will go lease or
00:20:25 00:20:28 you know and that can make sense but
00:20:26 00:20:30 they'll go buy like a new honda fit
00:20:28 00:20:32 right danny duncan style new honda fit
00:20:30 00:20:33 from the dealership
00:20:32 00:20:35 you're going to lose a lot of money
00:20:33 00:20:37 because all the fees the dealer fees
00:20:35 00:20:38 sales tax and you're getting overcharged
00:20:37 00:20:40 and it's brand new you drive it off the
00:20:38 00:20:41 lot it's going to go down in value so
00:20:40 00:20:43 again this video i just kind of wanted
00:20:41 00:20:44 to be like a mix of e-commerce also
00:20:43 00:20:46 toking about the vehicles as well as
00:20:44 00:20:46 just the financials surrounding that as
00:20:46 00:20:48 a whole
00:20:46 00:20:50 because this isn't stuff i learned in
00:20:48 00:20:52 school and granted i missed the last few
00:20:50 00:20:53 years of high school so
00:20:52 00:20:55 you know maybe they toked about it but
00:20:53 00:20:56 i really doubt it so there's just a lot
00:20:55 00:20:57 of stuff out there that just kind of
00:20:56 00:20:59 portrays things in the wrong way and i
00:20:57 00:21:00 know like i recently made a video
00:20:59 00:21:02 showing my you know the whole build on
00:21:00 00:21:04 the twin turbo lamborghini
00:21:02 00:21:06 and uh you know i'll lose some money on
00:21:04 00:21:06 that whenever i go to sell but i knew
00:21:06 00:21:07 that
00:21:06 00:21:08 it's all about just being aware and
00:21:07 00:21:10 understanding what it's going to
00:21:08 00:21:13 actually cost
00:21:10 00:21:14 so yeah that kind of wraps up my current
00:21:13 00:21:16 thoughts for the video if you guys have
00:21:14 00:21:17 any questions i'm an open book leave it
00:21:16 00:21:19 in the comment section down below
00:21:17 00:21:21 i just wanted to explain how you can
00:21:19 00:21:22 actually buy a vehicle like this and you
00:21:21 00:21:24 know i mean the guy i bought it from
00:21:22 00:21:26 owned it for six months bought it from
00:21:24 00:21:28 someone else i knew he
00:21:26 00:21:29 lost no money i have owned it for two
00:21:28 00:21:30 years and i'll lose 20 grand on the
00:21:29 00:21:31 vehicle then
00:21:30 00:21:32 everything else i've done to it is a
00:21:31 00:21:33 different story that we can tok about
00:21:32 00:21:35 but
00:21:33 00:21:37 nonetheless you can actually operate
00:21:35 00:21:38 these vehicles at a great cost and if
00:21:37 00:21:39 you have that cash
00:21:38 00:21:41 or the cash flow or you're willing to
00:21:39 00:21:43 take on a payment you can you can do it
00:21:41 00:21:44 in a way just make it make sense like if
00:21:43 00:21:45 i wasn't doing
00:21:44 00:21:47 youtube i would have just completely
00:21:45 00:21:48 suppressed the feeling of wanting to buy
00:21:47 00:21:50 the car
00:21:48 00:21:51 and i just wouldn't have because i
00:21:50 00:21:53 couldn't really make sense of it
00:21:51 00:21:55 and so with my you know a little bit of
00:21:53 00:21:57 financial frugality and consciousness
00:21:55 00:21:59 if i couldn't make sense of it through
00:21:57 00:22:01 youtube and know that i could at least
00:21:59 00:22:02 maybe get some extra ad revenue or do
00:22:01 00:22:03 something i i just wouldn't have done it
00:22:02 00:22:04 so
00:22:03 00:22:06 but you know then that'd always be eaten
00:22:04 00:22:07 away at me and i'd eventually want to do
00:22:06 00:22:09 it then i'd probably impulse buy
00:22:07 00:22:10 something stupid so
00:22:09 00:22:12 you know you just got to be careful um
00:22:10 00:22:13 kind of identify something that works
00:22:12 00:22:15 for you but put all your focus
00:22:13 00:22:17 on the income stream put it on the
00:22:15 00:22:18 business first so yeah i hope this kind
00:22:17 00:22:19 of explains all that if you guys want
00:22:18 00:22:21 any help leave it in the comment section
00:22:19 00:22:22 down below i'll be super active in there
00:22:21 00:22:24 answering questions
00:22:22 00:22:26 if you want any ecommerce resources we
00:22:24 00:22:26 have free ones as well as paid ones that
00:22:26 00:22:28 you can check out
00:22:26 00:22:29 depending on kind of how serious you are
00:22:28 00:22:30 but actually starting the e-commerce
00:22:29 00:22:32 stuff and if you really want to see
00:22:30 00:22:33 everything that we do
00:22:32 00:22:34 on a day-to-day basis so be sure to
00:22:33 00:22:36 check out all that stuff linked in the
00:22:34 00:22:37 description below if you enjoy this
00:22:36 00:22:39 video and the transparency
00:22:37 00:22:41 make sure to drop a like i do apologize
00:22:39 00:22:42 for the probably not so perfect audio
00:22:41 00:22:44 and lighting
00:22:42 00:22:45 i'm here at my condo in puerto rico
00:22:44 00:22:46 which by the way that'll be one of the
00:22:45 00:22:48 reasons for selling the cars
00:22:46 00:22:50 i'm not even on an island right so
00:22:48 00:22:51 anyways selling some of them right now
00:22:50 00:22:53 we'll see what happens i will keep you
00:22:51 00:22:56 guys updated but uh yeah i'll be
00:22:53 00:22:56 building up my office studio set up here
00:22:56 00:22:58 soon so
00:22:56 00:23:02 hope you enjoyed the video and with that
00:22:58 00:23:02 being said i'll see you in the next one
00:23:06 00:23:20 peace
00:23:22 00:23:36 wow that's so loud oh my goodness