Interview With Patrick Bet-David: ''What America Means to Me''

from iran to germany to the united states patrick bett-david's family personifies go where you're treated best now decades later the multi-millionaire entrepreneur is making waves as the founder of valuetainment on youtube with millions of subscribers today he joins us to share his views on entrepreneurship the best places to run a business why he still believes in the united states and what his escape plan would be if the u.s moved even further away from freedom plus i asked him about his offer to pay people to leave the us and give up their citizenship if they hate america it's all coming up with patrick bett david on the channel for seven and eight figure entrepreneurs [Music] always a pleasure to welcome patrick bett david glad to have you with us sir it's good to be with you your story uh has been called uh the ultimate underdog story uh is that a fair assessment of of you and your background is that a title that you that you like yeah i you know honestly i don't mind it unfortunately it changes as it as you advance so you know being born and raised in iran i live there 10 years and i go to germany refugee camp come out here go to high school join the army get out want to be a bodybuilder i meet a girl who works at morgan stanley i start working on morgan stanley dean with her day before 9 11. and then i get my series 7 66 31 26 life and health stay in the business seven and a half years with transamerica october of online start my own insurance company with 66 agents out of northridge california we grow it today to over 20 000 agents nearly 150 offices nationwide and accidentally start a youtube channel and start talking about capitalism and entrepreneurship and led to what it is today so although i see myself as an always underdog a lot of my competitors now don't see me as the underdog they see me as the favorite but i'm mentally i am fully in the state of being the underdog how is that an advantage in business it keeps me on the edge rather than uh at all thinking that you've already reached a milestone you know it's always like having to uh get to the next level rather than no i'm the best in the market i'm in the top of the mountain i don't ever want to feel that way i just want to know that i always have another milestone to reach so it keeps me more engaged and a bit paranoid uh a bit um you know thinking that i you know constantly have to improve to still be competitive in a marketplace today so i see that as an edge so you don't like the fact that now people see you three million youtube subscribers you have the big company you think it is perhaps a disadvantage is there a disadvantage to the fact that people now see you as this is the guy on top yeah because if you if you know just strategically it's not a good position to be in you don't get me wrong when i'm sitting in board meetings and i'm raising money or i'm talking to investors and i'm talking to people that i'm doing business with no it's to my advantage in those rooms but when it comes down to publicly no it's it's to my advantage to be the underdog as i've traveled and i'm curious to hear your experience i want to talk about your childhood and how that impacted you but but before that uh you know coming from iran living in the united states you know i travel around a lot and i meet people from different cultures who say why do you want to be frustrated you've made it why isn't it ever enough what do you say to those people so so for me i'm i'm chasing capacity i'm not chasing beating somebody it's a big difference in my 20s it was about beating my competitors like oh my gosh i'm going to beat him and i'm going to beat those guys and we're going to do this and it produced energy don't get me wrong but when you did beat somebody you're like now who do i go be you know so eventually every time i plateaued it's because i was targeting either a financial goal or i was targeting an enemy a competitor so i'm like okay hey i'm gonna have half a million dollars in savings plateau what what why am i platon i just got what i wanted oh we're gonna take those guys out and go boom oh shoot okay great versus okay pat no one exists in the world you versus you what do you think is your full capacity what are you capable of doing so you've lived this weird life why did the man upstairs give you this kind of a life why were you born into a christian family mom believed in communism dad believed in imperialism your parents your mom escaped russia and came to caspianc your dad escaped iraq came over here and then you go to germany your parents get a divorce you're living at a refugee camp you join the military you're the only iranian guy on campus with this size of a nose where everybody wonders where you're from and everybody's thinking maybe he's here to want to learn the military and take it back so you have to learn how to make friends so i'm 27 28 i'm sitting there saying you know why this life what is it you know maybe maybe there's a bigger thing that you're put here to do so you know what why don't we seek that rather than trying to beat everybody and what's funny is when i've seeked my capacity the money never stopped growing and i don't even think competitors i think more our capacity what we're capable of doing and you know i have three of my competitors they send me their i been added to their email list where they have a conference call that i can get in formation with the ceo they have this conference call that i can be a part of i've never been on a conference call on my competitor i've never gone on a call to hear what they're doing even i have access to it because it was more about what like even if you sit there and say well you know how about on youtube well look what uh some of these vloggers are doing you know let's go beat them you're not a vlogger you know like i'm not a vlogger oh no let's go beat the the ryan kid he opens up legos and why don't we start raiding toys i'm not a toy guy you know why don't we go and you know you know take pictures with your thongs and pretty body and muscles i'm not that guy so so you're like i'm just who are you you know what are we going to build so we targeted that and i got to tell you one it lifts so much weight off your back because you're not like compared to this other pursuit just kind of finding your own niche to want to compete in and then you're figuring out what the biggest upside is with you and you're hoping you reach it one day that's one of the biggest challenges of entrepreneurship is is staying focused it's really easy to get distracted it is so true because and especially today you know today you know the whole thing where hugh hefner came out and said i don't believe men were created to be monogamous i don't know if you follow hefner or not he made this big argument and by the way if you've ever seen him make his case you would say no wonder some people bought into his case it's very convincing the way he sells it and he doesn't sell it in a flamboyant energized way he's just kind of talking to you the way billy graham would baptize somebody to believe in you know god and his approach was more like a a prophet a prophet convincing you that man was not put here to be a monogamous right okay great um in my early 20s i had a lot of fun and i realized it's very distracting and it's not giving me the biggest upside of what i want to do the more focused i got the better i did today in the business world you're starting to see a lot of people let's do this no let's go sell this and let's go do this and multiple streams of income and what if i do this and what if i do that to business i'm all about monogamy choose one industry one business one company go build the heck out of it get it to a point where it's got value it's grossing it's got ebit it's got solid numbers you got c-suite executives to replace what you're doing where somebody could come in and say i'd like to buy your business because with or without you we can buy and own these assets and bring some revenue in and but that's if you can fully focus on building one area you've seen people nowadays i had a guy one time who was a former cop of 22 years in southern california he comes and sits in front of me and he gets his insurance license it's okay never get never sells a single policy six months later i'm like hey steve what are you doing so let me tell you what's happened the last six months so what's happening last six months i got my pnc my notary my real estate my series six my 63 my he told me 10 licenses he got in the last six months i said you got all those he says yes so what have you sold nothing but here's what i'm doing i'm trying to be holistic so what's holistic i want to imagine you sit with a client and you sell their house and you sell their auto insurance and you sell their health insurance and sell their life insurance and you do the uh what do you call a notary and you do the title and you do this i'm like oh you think that's how this works what part of that is specializing and seeing what bruce lee did to have the one kick that's so powerful why would you want to do that ten years later you know what he does making the same amount of money he just has 30 licenses today and still doesn't make any money because he's trying to he's thinking it's you know going wide like trying to do all these industries i'm about focus in one thing build it up grow it put your energy into it and then later on later on if you want to be an investor fine but go build one big thing and you're right as an entrepreneur one of the biggest distractions is to try to stay focused especially today where if you go on twitter or youtube you're going to get 50 different industries you want to get involved within two hours i call it the hashtag entrepreneur it seems like people are not as focused as you're saying on building a profitable business building out the capacities you say it's about influencing perhaps what is your thought in this modern day entrepreneur because when i was 12 years old and i think you were the same way and i wanted to be an entrepreneur it wasn't cool now it's cool yeah it is cool but also you you gotta know that today there are guys that rethink and grow rich laws of success rich dad poor dad psycho cybernetics multiple streams of income by robert g allen and they read these 10 20 books and then they go sell a course and they say the 22 keys to success as a business owner you've never ran a business you never profited from a business your business is selling courses and that's okay if you make money with that because i still think there's value and given inspiration to others but you're a motivational speaker you're not an entrepreneur and it's okay if you want to be a motivational speaker that's totally fine i learned very early on at 24 years old i did not want to be a motivational speaker i wanted to build things like i've always loved legos till today i love building legos we built the big uh star wars whatever it's called the big one the big piece the biggest lego piece that they had before the uh coliseum came out when you build it you're looking like oh my gosh it's so awesome like there's a high after you're done building something i love building a business a company an empire and unfortunately today unfortunately today there's guys that are doing drop shipping there's guys that are selling stuff on ebay there's guys that are flippers which i consider a flipper an entrepreneur uh but there's also guys that are selling courses online and they're making that way because we have this great tool called the internet that comes with youtube facebook ads google you know amazon and you can make money but i like uh i like like right now i'm running a company here got my you know 20 employees here this is one of the companies i got my nearly 100 employees of support that are running out of madison i have my developers all around the world i have my sales offices of 150 across the country in a 49 states and including puerto rico i love that there's something very very exciting about building a business that you see grow but that's me some people say well i what's wrong with selling courses online look if you're a great communicator and people are willing to buy your courses more power to you but you're more a motivational speaker than an entrepreneur if you're doing that i see a little bit of a different glimpse of what that means to me than somebody that actually is building a business the interesting thing to me is sitting across the table uh on the the times that i do that with folks who have you know half a billion a billion dollars the money is almost inconsequential you can say well that's easy with a billion dollars but they were in love with the building it wasn't about the hustle it was about the build it's there's there's you ever build legos are you a lego guy i've been a lego guy not not so not recently not so recently have any kids or no kids no kids okay so i got a i got a nine to seven and a four year old and we'll go into the lego store and i'll buy ten of them and we'll bring it home and i'll put it all the way at the top of my closet so they can see it when they come into my room but each of them have a number next to it if you read 20 books we're going to open that batman if you do 40 books we're going to open that one if you do 60 books we're getting so the currency in our house is reading books is what it is that's the currency in our house and that's how you get stuff that you want um and then when we sit and it's my kids and i and we're building something oh my gosh you know i've drank some of the best drinks in the world i've tried some additional things i probably shouldn't have tried to generate some kind of a high i've tried a lot of different things to get endorphins um there's something very different about the high of seeing nothing was there now there is and you were a part of that magical to me when people talk when i talk to people about living this nomad capitalist lifestyle that we have i think there's this idea that they want to find the place that they want to be they want to go there and they want it to be done they want it to be over and to me there's a there's a beauty in the lack of permanence there's an idea in the building and the learning and the self-awareness that you gain across going and exploring different places living in different cultures to me it's all building and and there is a high to building but i want to go back to your childhood and how that influenced you iran until 10 then germany then came to the united states your story as you said you know being in the army uh different than most how did that influence you beyond just perhaps being the underdog how did that influence the entrepreneur that you are today um uh i think prospecting i was a shy kid i was a very shy kid i remember one time we're in iran and we were on the uh end of the street where we lived in kyogun chat by jam hospital there was a store that sold technology stuff and they had this orange donkey kong tv game like one of those where you open it up and it's black and white and you play it right i wanted that thing so bad and i said dad i want that he says not not unless you go talk to the sales person to show it to you so i'm not doing that you got to go talk you're my dad he said i'm not doing it so he said then i'm not going to go through he said graham i'm not buying it for you he says okay so one month goes away two months goes back three months goes by he says do you want it i said dad why don't you buy dressing if you want to go talk to the guy like i'm not going to talk took nearly a year until i had the audacity to go talk to a stranger so he finally takes me there i'm shaking he stands outside he says go talk to the guy so i said wait wait finally we go inside and i'm looking at the tv game and i'm not talking to him just looking at the man he says what do you want to tell him finally i say can i please see this here so he gives it to me and i look at it i said my dad would like to buy this for me my dad bought it how much is it all this happened i eventually bought it i was a shy kid i would do this i was a guy that would stand behind my dad's leg and the reputation i had as a kid was the shyest kid in the family my my sister was more like more comfortable i was super shy okay so i come to germany and i don't have a father figure my parents get a divorce uh super nintendo comes out with super mario brothers 2 and there's a girl on campus i really like her name is katarina her brother's name is john stuff and i just think the world of this girl and i want to spend time with her and jan loves video games i love katarina and i said i got to figure out a way to get this thing done so i went to a local swimming pool where everybody would drink a lot which is beautiful because bottles will be everywhere and i asked the owner i said hey question for you what if i helped clean up these bottles for you i said how much money would you give me says i'll give you five fennec per beer bottle i'm a math guy so i do five fanny times five thousand two hundred fifty marks that's exactly how much my super mario brothers cause that count valve which is like their sears i get to work with katarina a month later i walk into kauffaut not asking a penny for my mom i buy the super mario brothers i bring you back to the refugee camp jan staff god bless us so he's no longer with us he plays super mario brothers and i'm in the basement playing with his sister at 10 11 years old and we're just hanging out together and that moment i'm like man i can have anything i want you've got to be kidding me i just have to ask them how can i help clean up how can i help so and then it taught me at the refugee camp i was there with everybody that escaped socialism dictatorship communism so yugoslavia this is when the the whole mess was taking place there with bosnia you guys all those guys and poland was their check was there and so i'm learning pakistani afghanistan all of these guys there's some learning you know cultures and i got stabbed and cut over here and all these things are happening to me and i'm learning okay maybe you can't trust everybody maybe you got to be a little bit careful but still you're learning how to get along with different personalities and then you come to the us and you go to the army and in the army have to learn how to get along with people from mississippi who have never met a middle eastern before or a mormon from north dakota you know or an atheist from naperville illinois and i'm learning about all these personalities and so when i left the army and i got out i had a world of experience on how to deal with people my biggest edge was i got a master's degree on how to deal with people based on all the challenges i faced and that kind of gave me an advantage in business i think a lot of guys first experience with entrepreneurship is trying to figure out how to get the girl to to talk to you is isn't that the the truth it is for a lot of people it is because you know again uh we're either insecure shy we're afraid we don't know what to say what if she doesn't like us and as we start going through the age our friends start making fun of us you're short you're tall your nose is big your ears is big your hair is this your hair is that your chin is this you know why do your hands look like this what about your feet you don't jump or you're ugly or this we hear so much of our friends say the stuff that they say to us that it leaves scars and so those scars makes us a little bit more hesitant to want to go out there in the real world and ask a rollout so yes that whole ability to talk to girls it's something that scares the hell out of a lot of boys and that kind of trains you to want to be an entrepreneur as well i i i'm assuming that was kind of your deal where you you eventually became a better entrepreneur because you had to learn how to flirt with girls yeah i was i was going door to door and selling stuff and i remember uh having a high school job and and and finally i had to be surrounded by some of the most popular girls standing up there at this at this restaurant and i think you know being forced to do something has some value but i have to imagine that going back to that underdog piece you know there's value in in that being a motivating factor because if it's too easy i think it doesn't last very long is is that what you think i fully agree with you there i totally agree with you there there's there's benefit to losing very early there's benefit to facing challenges very early there's benefit to having heartbreak early there's benefit to having a major humiliating experience early now here's the michael jordan in the documentary the last dance talked about the fact that there's this one scene where you know his dad was uh with his uh brother and you know they're sitting there they're building stuff and michael comes out and his dad says boy why don't you just get back inside there's nothing you can do here with us let the real men do what they're doing and michael was like furious and his dad would say you can't beat your brother you there's no way you you're better than your brother and michael explains it he says you have to understand when you're going through that and someone's doing that to you for the first time he said it's very difficult emotionally you're you're being challenged you're being compared you're going through that pain but he says the moment i saw that i had to prove to my dad that i could beat my older brother obviously the rest is history there's no older brother the guy doesn't make it into the nba because his older brother was a better player than him and kicked his ass on for him to get better so some of those experience just to me you know when i say an early breakup or heartbreak or prospecting or rejection or any of that some of that backfires on people as well some of some people's characters is built at the age of 15 and they're the same by the age of 50 because they handle that rejection in a different way it's the character of the individual to see when you're getting tested how you handle it not all of us handle the heartbreak the same way not all of us take handler public laws the same way not all of us handle the public humiliation the same way i feel that's the form of a test and if you pass that test yourself then you got a bigger upside in life but you may not pass the test so that's the part where it filters out who the real cream of the crop is that can handle that kind of pressure you are a proud american is that a fair statement die hard yeah is is that and this is something that having left the united states many years ago i look back now when i and i and i look a bit uh less emotionally at the american culture is that something that you think is is that is that an american trait is that what is that trait that that you find in especially maybe it's an immigrant trait well let's unpack what i mean when i say die hard i love america okay so to me i like to define words for example one time i'm in cinque terre with my friend arash and we have a three hour drive from tuscany ireland to cinque terre and we're debating the word love and he says love is a feeling i said no love is a verb he says no i disagree love is a feeling i said no love is a verb so i said let me ask you a question say you love me he said yeah say you're in jail yeah if you're in jail you can't write letters you can't call me you can't see me how do you show me your love but i love you i don't feel it though you got to show it to me love's a verb okay i want to see action i want to see you do certain things to love me and we had a nice three-hour debate and i love good debates with our friends lazy my dad would say you're so lazy i'm like so sick and tired of hearing this why the hell am i lazy so i go dissect and find out what it means to be lazy well i'm lazy because i'm bored there's a reason why when you watch a boring movie in the movie theater you fall asleep you're not falling asleep because you're lazy you're falling asleep because you're bored out of your mind so patrick you got a boring life why don't we spice up life so you won't be lazy boom patrick wakes up and he goes out and wants to do something big with himself right what is america let's talk about america america to me is not george washington america to me is not obama trump or biden america to me is an idea america to me is an idea that i didn't have in iran i couldn't go around saying how i felt about the president unfortunately you know the whole cancer culture today with what just happened to pierce morgan yesterday the kevin hearts of the world a bunch of different people that are being canceled that idea if that goes away i don't love the current idea of america i love what the initial idea of america was to have freedom of speech freedom of assembly freedom of press freedom of if i want to have a gun i'm a military guy second amendment uh if i want to be an atheist i can be if i want to be a christian i can be if i want to be a muslim i can be i don't want you to tell me you can't believe in prophet muhammad i want to believe in what l ron hubbard came up with scientology i want to believe in joseph smith i want to believe in moses i want to believe in baha'i i want to believe in whatever i want to believe in don't bother me that's what i fell in love with because i didn't have that in iran so i love the idea of america that gives me that freedom the moment america stops giving me that freedom then it's not america to me anymore it's a whole different concept now so that is what i mean when i say i'm a die-hard fan of america based on those freedoms that i get that america was founded on do you think that the united states still represents those ideals today not in the last six twelve months you know not in the last six to twelve months you know i just had a conversation right now with the former director of cia james woolsey and he's a conservative democrat very weird conservative democrat i said what is a conservative democrat he said well there's two of them right now that is mentioned one of them yes joe lieberman is the other one i said what would you consider a kennedy was he says kennedy was a conservative democrat i said what do you see with what's going on today in america we start talking about a bunch of different things and you know a friend of mine sends me a text message and we go back and forth and he says you know what's crazy today he says today if you're a comedian you can be a comedian and only make a fun of a certain group of people today if you're a comedian you can make fun of anybody that's on one side politically you can make fun of them says what about the other comedians that we have you know what about the tim allen's rodney dangerfield adam sandler and jerry seinfeld and even denzel is being cancelled lately what about those guys what about sylvester stallone sylvester stallone does rambo because it's his own money do we not just want to hear from them see to me when i interview certain people and i bring guys on my show i'll bring slavoy he's a full-on communist i'll bring richard wolff he's the number one socialist professor in america i just brought ron kim the new york city assemblyman who's on the aoc camp in a bernie sanders camp he's not a fan of biden we sat there and had a friendly debate i love that because i think what what what's better than any four-year degree or eight-year degree is if i can sit there for two hours and see two people from two complete opposite philosophies debate each other for two hours who are very educated when the two hitchens brothers debated i don't know if you've ever seen this it's a three-hour debate between chris hitchens and his brother one is selling atheism one is selling catholicism i mean go watch that debate you're smarter afterwards you're sitting there saying well i was weak here i had a blind spot here dang this was a great argument wow i never thought about this i don't know if i agree with this i definitely don't agree with this i'm wiser now we're almost saying no to debate so somebody can't get on there and say that they disagree with meghan markle they only have to agree that they came out and trashed you know the royal family we can only support that we can't have the kind of debate what's wrong with somebody have an opposing opinion the whole idea about an opposing opinion is that somebody's going to be offended half of the world is going to be offended if you put 45 on each side 45 percent of people in the world are politically on one side 45 percent of people on in the world are politically on the other side then you got the 10 in the middle that are willing to be convinced to go one side or the other but where is the converting going on where is the challenges going on and the less debate we have here's what the scary thing that happens the less debate that we have we produce more radicals we'll go further right and further left further right and further left further right and further left the more debate we have the more we go center the more center we go the more balance the eagle flies the more balance the ego flies the more we can soar so you know there there is there is this misconception about the fact that oh my gosh you know some of these things are offensive they're supposed to be offensive you're supposed to be offended like people are supposed to be offended by certain ideas and then if your argument is so great you don't need to silence anybody else why need to silence anybody else if your argument is that great so i think debate's one of the bigger things that we need and unfortunately we're getting away from it i would imagine probably 90 of people if you take the 45 and the 45 you know so many people today in the us at least don't agree with what we talk about here but i guess my question is especially in the air of the internet uh don't you think that that those american ideals because i i agree it's an idea it's not a place i you know left because i feel like um both financially economically uh you know in a sense of freedom uh america does not exist there anymore but don't you think that with with especially people watching things online the idea can be recreated anywhere and perhaps is being recreated in other places around the world where people want that more no question about it listen i always say give me a piece of land with 10 million people and look what we'll build it into we would get the most like-minded people we would decide who would be the president who would be the vice president we would decide a certain setting of where everybody has to do their part everybody has to pull their own little red wagon everybody who has to pull their own weight you have to bring value to the town and city just like back in the days you would say what do you offer for us to let you come into the town over here i'm a great soar okay great come on in what do you offer i know how to build weapons spears come on in what do you know how to do i know how to make shoes phenomenal you got to contribute to society unfortunately we're living in an era right now that uh it's too protective of the victim right now if you want to get attention go on the big camera and tell the world that somebody hurts you and offended you and your hero now we have forgotten who the hero is we have fully we are fully con confused with the meaning of what a hero is a hero faces resistance and takes responsibility and says even though i'm facing all these challenges i am still despite of all these challenges still wanting to go out there and win and make it happen and another kid says you know what when i grow up one day i want to be like her when i grow up one day i want to be like him he went against the odds and still won i think we have and whoever we paint the picture as hero you're gonna see the residual effects of it 20 years later you're not going to see it right now whoever you like right now we're painting the picture of victims being heroes in america oh my gosh if you only knew what the residual effects of this is going to be 10 20 years from now so look i understand you wanting to go around the world and live elsewhere uh i don't know if you've looked at panama panama's a pretty interesting place i'm sure you know about new zealand i'm sure you know about singapore i'm sure you know about a lot of different places right now you and i talk about where you are i don't know if publicly you've told people where yes i'm not going to say it but there's a lot of different places to live in but those ideas if another country today were to come up with those ideas i think they'd be surprised at how many people actually would be open to the idea of moving there you don't think there's that place yet i don't think so i think they're flirting with it but i don't know if they're there because the the the other child like for example police you and i can go become the president of belize right but how much land is police how much can you and i build in belize you need some resources you need some kind of land you need some ability to build some stuff uh then you have to see who's the one at the top leading it who's the influence how's the constitution being written what is it founded on what are the papers that are being written on how is it being cemented that somebody else can't come and amend it how are the people of the future being protected how is the money going to be made once that country becomes very rich yeah maybe right now the country is only doing a billion a year in gdp but what if it's doing a trillion dollars your gdp what if it's doing 100 billion of gdp does the future generation can they just go spend the money because they're not rich based on what their forefathers did all of those things would be very critical on how you would start a nation and if any nation you know that's thinking about doing that i'd love to speak to them 25 years ago my father said gilberg are treated best and he said this may not be the best place for you as an entrepreneur when you want to be older you should find the place that is if you were to start your business over again today would you do it in the u.s and a lot of people are are going overseas and finding other places would would you start over again in the u.s today today today i would do i would start it in u.s i wouldn't do it in california i would probably do it in texas florida tennessee i'd probably do it in one of those three places and do you think eventually the federal government comes and they come in and get in your business they raise taxes because the victims win what do you how do you look at that oh no i don't think victims win i don't think victims win to my core i don't believe that here's why um say say yeah i'm married and i have a my wife i am married but so my wife uh and i have been together for 11 and a half years say one day she wakes up and she meets a 22 year old and she says oh he's going to treat me better i dare you to lead me go yeah my heart's going to be broken yeah i'm going to have to start life all over again and sit there and say dang you know freaking this many years i put into this thing but i'm going to be fine because there are billions in a market that would like to find somebody that's going to work that's not lazy that's treats well that protects the kids that raise them well because they have value to offer say my wife was a great mother who is very good at kids and home and all the stuff that she does flip it on me and i go out there and do something dumb there's a big market for her because men are looking for somebody who can dot that same thing so when you're a creator you don't ever have to worry okay you may temporarily have a setback yes but no matter where you go you're gonna create commerce so the people who are voting in a certain way because they're victims they're getting all the recognition what they don't realize is the people they work for have many options let me say that one more time the people they work for that paid their salary they have nearly 200 countries that would love to take them and welcome them so if a nation like america as a country and the politicians and the government gets so greedy and arrogant that they think you're bigger than them on a smaller scale detroit went from 200 000 people to 1.8 million people to creating 200 000 manufacturing jobs to now down to 20 000 people and if you call 9-1-1 today in detroit this is now the poorest city in america and the most dangerous city in america if you call 9-1-1 today it takes 59 minutes for the cops to show up let me say that one more time the average 9-1-1 call takes 59 minutes for the cops to show up i can call the cops and say in the next 30 minutes i'm gonna rob the local bank and take a million dollars away from the bank i go rob the bank i take my million leap and cops are still not there what is that a byproduct of well you know all the private jobs were fired but the municipal jobs were not why because more government jobs more regulators more this more that today i made a video about detroit and this girl sends me an instagram story and i said i said i hope you share this with the world i said i hope you share this with the world and here's how it reads first when you read it you're like oh she's upset because i called out her city and i call that where detroit's from and all this other stuff and i'm like oh my gosh this one's going to be not pretty here's what she says i lived my entire life here build businesses employed by many people and i wanted to stay here forever covet made me realize that i always was in an abusive relationship i just never realized it too many regulation the state is always out to get businesses and fines for literally anything agencies like the state liquor authority power trip and take advantage their own court it's extortion really they say pay us and we forgive you twenty thousand dollars everything is taxed so high for businesses is like we are slaves of the state and the middle class is tired of handing out to the politicians and everyone i have a bitter taste in my mouth for the city i'm leaving can't wait to go to austin yes i want to be left alone and pay less taxes to enjoy my hard earned money if you look at this girl's picture you look at her like okay cool single mother by herself runs a business she's moving to austin leaving the finance current financial capital of the world which is new york you cannot bully job creators a job creator will forever be protected because they know how to create but all the victims they're not forever going to be protected so i'm going to bring up something that you talked about last july 4th and i want to get your clarification on where you said if someone wants to leave the united states let them go let them hand their passport let them i think there's possibly even they get a paycheck out of it who is that talking to because i i kind of feel like what's the difference in moving from detroit to austin if you're moving from detroit why not move to panama city why not move to singapore where is the difference lie in moving within the u.s for better conditions and and where does that lie when you decide i'm going to leave or do i have it wrong no i don't think i don't think you have it wrong i think uh to me that example when i made that example was about all the people that complain about america you hate america so much here's 100 grand leave but their challenge is you can never come back to america if you come back to america go to prison for ten years here's a hundred thousand dollars who wants it i dare you to take it go who's going to take it can i can i can i take the money retroactively patrick can i take the money retroactively i i left in 2017 forget could i is the offer still on the table you would take it but you would be amazed most of the people that take it are not like you but you would take it because you're needed anywhere you go the world's a better place who lands you based on the commerce you're going to create under education you're going to provide the community any country is going to have an open door for a guy like you are you kidding me come to my country hell i'll take you let's go start a country together right but the whole purpose of the hundred thousand dollars is the same people that bitched about america would never take a hundred thousand dollar check to leave they would never take the hundred thousand dollar check to leave if in return they can never come back to america if they ever do they're gonna go to jail for 10 years they would never ever do that because they'll knock they'll sit by themselves and say uh i guess it's not as bad as they made it out to be i guess i'm gonna stay here you know sometimes we we are so um so uh forgiven as a nation that we allow people to abuse and sometimes you allow so many of these guys to constantly abuse and and take advantage of what america offers that eventually you seem very weak and it shows weakness in the principles and values that this country was built on and and i i don't think there is power and strength in that either by the way i think you have to stand up for this what this country stands for and fight for it but if it gets to a point where they forget to value the job creator or the builder the builders will find a home that's what's happening right now don't you think in a lot of these western legacy brand countries they're turning on investors you can't do this you can't do that with your property if you don't if we don't like what you're doing we're going to take it i mean we're going to we're against if you're you're almost uh worse than a terrorist now in the united states if you're successful aren't you it's a very weird situation you know and about you know these wars that people are throwing around nowadays you know it's it's a very interesting place to be uh uh in america but what you're seeing the glimpse typically the first glimpse that we see is the following you first see people moving from california to texas okay oh i want to leave california and i'm going to go to first like people from san francisco are moving to southern california so then people from southern california move to manhattan because it's a nicer place to be people from manhattan then leave to dallas texas but what's after dallas texas what's after orlando what's after nashville what's after fort lauderdale or tampa or miami or boca it's another country and they're too arrogant to think that'll ever happen are you kidding me we have 40 million immigrants in america today because they hate their country and they hate what their country stands for not what it was originally built on they hate what the country stands for today so they came to america you don't think that can turn like empires have changed many many times you know you cannot just sit there and be arrogant thinking just because you have all the things in the world today that america is going to be number one forever that's not how life works it's not how life works people are not going to stay around you if you're abusive all the time if you and i are friends when i was making 50 grand here i was chill i started making quarter million dollars i get a little arrogant with you i become a billionaire i'm intolerable you can't be around me for too long people are not just gonna sit around and just be around you be just because you're a billionaire a friend still just wants to sit there and just have a drink with you and watch sports and say hey bro how you doing what's up bro how you doing dude it's your friend it's a guy you knew when you were 14 years old now you're this billionaire guy no what's up let's watch again i cannot believe they did this that should be pi and then hey but when we're doing business you respect me on what i'm doing with my business side so uh america's uh if they keep bullying the way they're bullying like i said there are many countries that would be more than happy to welcome a builder into their nation what what do you say to the american who leaves and rather than going to dallas or austin texas or florida they go to dubai they cut their ties with the u.s and they they go there because there's a great energy they go there because there's zero tax they go there because they can bring in talent more easily from all around the world what do you what do you say to that guy i say i totally understand more power to you literally that's what i tell you i totally understand more power to you when i went to panama city panama and i'm staying at the what is the hard rock cafe hard rock hotel and i go to the casino and i'm playing with the senator and a couple you know people who are living there and i say so where are you from i'm from new york also here for vacation no no i've been here for 11 years what yeah i've been here for 11 years why are you here you know the unemployment here is 2.3 have you seen the real estate that we built in panama city you ever seen anything like this in america like what do you mean boom i've never seen something like that in america so what do you do oh i'm in uh construction no way where are you from i'm from chicago get out of here yeah how long have you been here been here for 12 years why and then you're having this epiphany moment you're like people are leaving america that's a scary thought by the way if you think about it and by the way that hasn't happened yet because i don't think tipping point has happened yet i don't think we've reached the tipping point yet i don't think that part's happened yet i i if you if you notice like one of the things they're thinking about doing in certain states is when you leave california if you made your money here you cannot take your money out there's a tax when you take your money out when they start talking that kind of language just so you know it's handcuffs shackles and a muzzle coming next where you can't voice your opinion yeah i mean the u.s already does that if you want to if you want to leave for good you know it's interesting to me because you do mention the people who all want to move to the u.s those people may become creators and i'm sure you have a very positive uh impression of immigrants and their ability to to be entrepreneurs and to create and i would agree with that don't you think there's a difference between people who have the 40 million who come to the us because they need any kind of economic opportunity that their country hasn't provided because their country is also doing badly versus people who have done well uh because it seems like today a lot of people can do well i have people who you know grow up in the south of russia with single moms people who grew up in brazil morocco egypt you know they make millions of dollars a year you know is it really because they grew up in the u.s anymore can we really attribute it to this is because you're an american yeah so um i agree it's again again i said if you and i start a country together with a group of people and people want to come to the country you would apply and you'd be asked what value are you bringing to the country simple what value are you bringing here perfect you bring the value your doctor we need more doctors come on in you're an engineer we need more civil engineers come on in you know i'm a professor for math analysis come on in i'm this yeah come on in but there's got to be an exchange for value unfortunately we're now saying anybody and everybody come on in anybody and every like many of my family members came here because of social security come in get a social worker hire them within four years you get free social security for the rest of your life because you can say that you have health issues i've been in those meetings when i hear these types of conversations and it's disgusting to me when i hear it so i've i've been part of that i've witnessed some of this stuff that i really didn't want to witness but no i don't disagree with you that we have the immigrants but also at the same time um you know when people leave venezuela who leaves venezuela the entrepreneurs live venezuela they're coming here because they're saying just leave me alone and let me get to work when people leave from china and you meet people who are here from china why are they here they just want a voice you know when you have people that are coming from different places why are some of the folks leaving argentina are you kidding me eight million of workers are paying the salary of 12 million of workers unemployment 30 percent of course i'm going to leave argentina especially the job creators i'm pretty i'm supporting everybody it's not sustainable so no um like i said if we get away from the basic fundamentals like okay oh let's print two trillion dollars oh let's do another 900 billion dollars oh let's do another 1.9 trillion dollars how much money is going to go to people because if you divide 1.9 trillion divided by the populations 5 700 no no no we're just going to send 1400 and we'll use the other stuff to use for affordable health care act we're going to use it for this we're going to use it for that we're going to use it for covet got it so you're not really bailing americans out you're kind of bailing yourself out go okay so in the last two 12 months you mean to tell me we have printed 5 trillion dollars 40 of the money ever printed in america was printed in the last 12 months what does that mean is there such a thing called inflation like what's going to happen now our gold prices per kilo or ounce or prices for kilos are going to go to two three hundred thousand dollars all of a sudden what are we going to be doing next what's the plans how sustainable is this we're going to keep the rates that low for how long do you think that's sustainable all this fake wealth that's being created today i don't know i i don't know and i don't know if this is sustainable and some people are going to be shocked but if we keep going in this direction of ubi and giving everybody free things this and free that and free this i certainly hope that there are five ten other countries right now that are thinking about capital capitalizing off of this because there will be many people that will be open to the idea of going elsewhere if america keeps going in this direction well i'm here to help and unfortunately uh well it is what it is more more eight nine figure people entrepreneurs investors than ever have been coming and saying exactly what you're saying and i think a lot of them are going to small countries i got a couple minutes left you know you look at a country like a dominica or st lucia where you can go and invest your way to citizenship they take that money and they're pretty accountable about where it goes to building housing building the next airport to bring in tourism it's not 75 cents goes to the uh to the uh to the special interest and 25 cents goes in your pocket i mean i do wonder if if such a a big country can be saved there is so much heft there yeah so then the person that's going to want to go to domenico or saying lucia i've been to st lucia you're not dealing with a big market and like a lot of the guys that are going to puerto rico with the four percent you know the whole 420 rule that they have going on over there where you pay four percent i think it's over 10 years or 20 years i think it's a 20-year deal that you pay for um and puerto rico is a scary place to go to because puerto rico is another place that uh you know um but it's a it's a good market to go to if you're just somebody that can build your business online and you're building your business that way it could work but if i want to go to get the best talent manufacturing that's the stuff that sometimes gets you caught in staying in a country like this because the pool of talent that you have here versus the pool of talent that you have in st lucia it would work in certain companies and industries if i'm a developer engineer if i have something like that i can be an engineer from anywhere in the world especially if i'm you know developing coding all that other stuff but certain industries it's not going to work it'll be easier for other industries to move out than all industries i i'd say become a st lucian then go to dubai have the best of both worlds but one more question for you you know seeing where the u.s is going a lot of people have come to west they've talked about wanting a plan b they are like yourself they like the idea of being in the u.s they they like having their business there but they say if things get worse i want to have another option is there another option for you is it gold is it crypto is it another passport i mean or are you all in all in as in what all in america all in on the united states no backup plan no no no i'm all in on what america was founded on i'm not all in on the america those who wanted to become like europe i'm not all in for that i'm not i'm all in and us keeping taxes no more than a third i think taxes are stepped in the first place but i think a third is reasonable if you're going to spend the right place and we get rid of a lot of different government agencies that we have but i think 30 is a decent number i'll work with 30 and i'll give it up for all the other stuff that i'm getting but some of the direction we're going right now with california with the corporate taxes now are going back to being the highest in the world and you know elizabeth warren is getting out there saying let's create a wealth tax above 50 million well elizabeth warren what are you worth why don't a person that's got a million dollars is wealthy to a person that only has ten thousand dollars why don't we create the wealth tax above a million dollars why are you starting at 50 million dollars i think a millionaire is rich so who defines what a millionaire if you have three tvs you're rich if you have three pairs of shoes you're rich yeah that's the point so why don't we just so so if we go in that direction i think you'll be surprised look i have people that are moving to florida here left and right who would never leave goldman sachs's knee leaving new york to nasdaq is looking at frisco what are we talking about here like what are we talking about i mean wall street is looking at moving to south florida are you kidding me you don't you can't think of wall street as south florida there's only one thing you think about when you think about wall street new york city it makes no sense but it makes all the sense in the world so phase one is leaving the states next phase is if the tipping point comes all the way at the top at the federal side i think they're going to be surprised by how many people will also leave oh that's what it's funny is uh you know the tax rate you're saying 30 and 33 percent a lot of european countries not all but a lot of them already lowered and yet these people want to emulate europe uh patrickbetdavid valuetainment we can find you on youtube with your three million subscribers uh where else can we find you yeah youtube's the best place so if somebody wants to message me they can send me a tweet at patrickbetdavid it's my name that's my handle if you send me a message there i will respond back to you we uh we meet and agree on everything i appreciate your passion i appreciate your entrepreneurial story it's been a great pleasure to have you and uh appreciate all of your candor appreciate you for having me thank you doing a great job by the way thank you how can nomad accomplice help you four ways number one subscribe to our channel and click the notification bell to make sure you get our new video every day number two get a copy of nomad capitalist the book you'll learn a lot of my personal experiences over a dozen years of studying this stuff as well as exactly some of the strategies that you can use to build your nomad capitalist plan number three if you're not sure where to start but you want to come and learn from my team and i you want to come and mingle with like-minded people learn more about our live conference nomad capitalist live it's coming up soon and number four if you want some help right now because you've got a burning issue you need something solved you want to lower your taxes get a second passport or build the nomad capitalist lifestyle of your dreams go to nomadcapless.com and click on become a client

Channel: Nomad Capitalist

Views: 62,551

Rating: 4.9202318 out of 5

Keywords: nomad capitalist, go where you're treated best, patrick bet david, interview, successful business story, successful people story, successful people, secret of success, rich dad poor dad, motivational speech, how become successful in life, barack obama, election 2020, america today, living in united states, meaning of america, life in america, this is america, life in california, taxes in new york, taxes in california, us taxation, us citizenship, living in usa, taxes

Id: ZcZY45O9gq0

Length: 55min 31sec (3331 seconds)

Published: Wed Mar 17 2021