Desperation is what drives people into real estate development, not strategic planning.

5:13from way 100% New Zealand products. Uh water from New Zealand. We from New Zealand, which is um you know, >> this is a business that you own and started. >> Yeah. I spoke to a guy about this recently and um he was like, "Well, how did you how did you get into real estate? like what what was that thing that made you get into real estate? And

5:33I said, "Desperation." Like I had I I just I was freaking out. I had two and a half kids. I was living in Greenwich, Connecticut in a house that I had no right. >> Was it a fancy house? >> No, that's what No, it >> So it was like a thing that you were going to fix. >> Yes. Exactly. Well, it was something that I would have had somebody else fix,

5:48>> right? Okay. >> Because I wasn't building houses. >> So it seemed like maybe you took a project that maybe was a little bit over your head and then you're like, "Well, I have to make it work." >> Right. Yeah. Exactly. >> And did that work? >> Yes. Yeah. And that's kind of always how I've lived. So you're like >> And that was like how you got into real

6:02estate. >> Yes. It was it was I I I was completely overleveraged. So I'm a big big believer in in leverage and use other people's money, the bank's money, but it's a great way to go broke and get yourself in a lot of trouble. Uh and I know people that have done that and hasn't hasn't worked out very well. >> Dude, that's like how so many great

6:20things happen. Particularly I'm I just turned 37, but like I think about this all the time. Like if I lost it all, okay, I have young kids. I'm now like a proper man. I have people who rely on me and like if this go it's like it's my job to like you know to take care of this group. It's like the most emasculating feeling ever of like [ __ ] I

6:38have not taken care of the thing that I'm supposed to take care of. I feel behind and now it's my back against the wall and I have to and it's like well that's the beginning of a great story. >> Hopefully it's going to be a great story but that's like a very scary primal feeling. I have nightmares about that as like a dad. Did you um >> Yeah. I think. Hey, should we also do Do

6:56you want to walk out step outside and um Oh, dude. Now the sun's coming out. >> How many So, you've been doing this. How old are you? >> How old do you think? >> I don't know. >> Come on. >> 55. >> 51. >> 51. I don't know, man. See, this is why I hate playing this game. >> No, I'm not. I'm 60. 63. >> Oh, [laughter]