1 00:00:00.780 --> 00:00:04.530 Sean Murray: You have to ask yourself out there. If you are 2 00:00:04.530 --> 00:00:07.590 an individual and your your promised this very attractive 3 00:00:07.590 --> 00:00:12.360 return, you have to ask why you Why are you being offered this 4 00:00:12.360 --> 00:00:15.990 opportunity? Because if it's so attractive, yeah, you know, it's 5 00:00:15.990 --> 00:00:18.930 gonna make let's say double digit returns or whatever. Yeah. 6 00:00:18.960 --> 00:00:23.460 Why isn't somebody like Goldman Sachs taking up the whole thing? 7 00:00:23.490 --> 00:00:26.100 You think Goldman Sachs is gonna be like, Oh, it's a sure thing. 8 00:00:26.400 --> 00:00:31.380 Gosh, we'd make double digit returns. Yeah, you know, $100 9 00:00:31.380 --> 00:00:33.930 million $200 million. Yeah, we can make double digit returns on 10 00:00:33.930 --> 00:00:36.840 that, nah. Now, we don't know. We don't have the money. You 11 00:00:36.840 --> 00:00:38.670 know, maybe just go around the neighborhood. knock on some 12 00:00:38.670 --> 00:00:41.310 doors to get the money from those people. Yeah, give them 13 00:00:41.310 --> 00:00:43.680 the huge returns. Yeah, that kind of thing is not for us. We 14 00:00:43.680 --> 00:00:47.160 hate that you have to ask this seriously, like, this should go 15 00:00:47.160 --> 00:00:52.020 through your head. Why me? Why have I been offered this 16 00:00:52.170 --> 00:00:55.590 investment opportunity of a lifetime. And where, you know, 17 00:00:55.590 --> 00:00:57.810 my financial future is going to be set. I'm going to make double 18 00:00:57.810 --> 00:01:00.780 digit returns, this person came to me and they told me it's 100% 19 00:01:00.780 --> 00:01:06.420 legit. Okay. Just so you know, that type of return that goes to 20 00:01:06.420 --> 00:01:09.480 Wall Street first, they don't go to knock on some random person's 21 00:01:09.480 --> 00:01:12.330 door. And offer the investment opportunity of a lifetime is 22 00:01:12.330 --> 00:01:17.250 saying, Yeah, I'm being real. Yeah. No, no I red flag 23 00:01:17.280 --> 00:01:19.200 Johny Fernandez: Yeah. Well, because I think that a lot of 24 00:01:19.200 --> 00:01:22.680 times, you know, people think okay, I want to get rich quick. 25 00:01:23.130 --> 00:01:25.950 How am I gonna get rich quick, you see an opportunity like this 26 00:01:25.950 --> 00:01:28.770 come up, because I've met a lot of these people like this. And 27 00:01:28.770 --> 00:01:31.380 they jump on it and because it's like, Alright, we're gonna we 28 00:01:31.380 --> 00:01:34.110 don't want to do the hard work. We don't want to go work on Wall 29 00:01:34.110 --> 00:01:37.770 Street. We're gonna get we're gonna get rich quick, and get 30 00:01:37.770 --> 00:01:38.010 our money 31 00:01:38.040 --> 00:01:40.350 Sean Murray: If the get rich quick scheme is give your money 32 00:01:40.350 --> 00:01:42.540 to someone else. The get rich quick scheme is for the other 33 00:01:42.540 --> 00:01:44.910 person. Yeah. Yeah. Not for you. 34 00:01:44.910 --> 00:01:46.530 Johny Fernandez: But I think it's, I think it's hilarious 35 00:01:46.530 --> 00:01:48.270 because a lot of people are like, no, like, I'm gonna get 36 00:01:48.270 --> 00:01:49.590 rich quick. And they, they, 37 00:01:49.650 --> 00:01:52.080 Sean Murray: As you give your money to them, you have to think 38 00:01:52.080 --> 00:01:54.120 about the mechanics of that. Yeah, I'm going to get rich 39 00:01:54.120 --> 00:01:55.920 quick by giving my money to someone else. 40 00:01:56.250 --> 00:01:59.370 Johny Fernandez: So if someone if someone, let's just let's 41 00:01:59.370 --> 00:02:02.310 just roleplay so if someone was approaching me about an 42 00:02:02.310 --> 00:02:06.630 opportunity, like MJ funding, what should my response be to 43 00:02:06.630 --> 00:02:07.440 that person? 44 00:02:08.170 --> 00:02:10.450 Sean Murray: Okay, if it's if it's a sure if it's a sure 45 00:02:10.450 --> 00:02:13.570 thing, yeah. And it's so legit. Yeah. Why are they not? Why are 46 00:02:13.570 --> 00:02:18.880 you raising money from me? Not from Goldman Sachs. Okay, I 47 00:02:18.880 --> 00:02:22.090 would want to know the answer. Yeah. Why me? Who am I? Yeah. Do 48 00:02:22.090 --> 00:02:23.980 you think I'm Mr. Moneybags? Yeah. 49 00:02:24.910 --> 00:02:26.980 Johny Fernandez: And let me ask you this, because this blows my 50 00:02:26.980 --> 00:02:29.770 mind. The fact that a lot of these guys, like I could 51 00:02:29.770 --> 00:02:33.220 understand, Okay, I'm going to put like 1000 bucks, like to try 52 00:02:33.220 --> 00:02:37.420 things out first, like if I was ever to get you, but all these 53 00:02:37.420 --> 00:02:37.900 guys don't. 54 00:02:38.830 --> 00:02:40.660 Sean Murray: I'd say well, some of them probably did it in 55 00:02:40.660 --> 00:02:42.880 increments. They try 1000. They try it and they're like, Oh, it 56 00:02:42.880 --> 00:02:45.430 worked. They got that first payment. But in a Ponzi scheme, 57 00:02:45.580 --> 00:02:47.950 that payment is coming from other people. That's the whole 58 00:02:47.950 --> 00:02:50.950 thing, right? People assume that if I give you $1,000 And you 59 00:02:50.950 --> 00:02:53.380 make a payment for the next three months, it's been proven 60 00:02:53.380 --> 00:02:57.520 legitimate. I made I paid in my investment. I got my payments as 61 00:02:57.520 --> 00:03:00.610 promised. It wasn't it wasn't the whole thing back. Everything 62 00:03:00.610 --> 00:03:04.360 is now legit. That's the actual that's the you know, the 63 00:03:04.360 --> 00:03:07.540 evilness behind the Ponzi scheme. They didn't they didn't 64 00:03:07.570 --> 00:03:09.580 take your money and invest it and grow it and give you the 65 00:03:09.580 --> 00:03:12.010 return. They then tricked somebody else into giving them 66 00:03:12.010 --> 00:03:14.770 money and they give you that person's money but you've been 67 00:03:14.770 --> 00:03:17.920 convinced Okay, that's why the Ponzi scheme is so evil, because 68 00:03:17.920 --> 00:03:20.470 it does trick you you did get a return. Yeah, and now you're 69 00:03:20.470 --> 00:03:23.380 going around and you're vouching for it. It's legit because I got 70 00:03:23.380 --> 00:03:26.710 the payments that payments is someone else's stolen money 71 00:03:26.740 --> 00:03:30.280 Yeah. So that money is gonna come back the receivers gonna 72 00:03:30.280 --> 00:03:32.230 come knock on your door your gonna be like I well I got this 73 00:03:32.230 --> 00:03:35.320 much back receivers and say you got back too much. You're gonna 74 00:03:35.320 --> 00:03:36.310 have to give that money back. 75 00:03:36.359 --> 00:03:38.849 Johny Fernandez: Yeah. So at what point do you like if you're 76 00:03:38.849 --> 00:03:42.179 someone like, like a lot of these guys that are in these 77 00:03:42.179 --> 00:03:46.469 investors that actually, were a part of this whole alleged Ponzi 78 00:03:46.469 --> 00:03:48.959 scheme? How do you know it's a Ponzi scheme? At what point do 79 00:03:48.959 --> 00:03:51.449 you start realizing what red flags people look out for and be 80 00:03:51.449 --> 00:03:54.689 like, oh, wait a minute. Like, maybe this is like something's 81 00:03:54.689 --> 00:03:57.629 off? Because if you do two three months, you're like, okay, like 82 00:03:57.629 --> 00:04:01.049 this is real. So at what point is it? Like, I guess like what 83 00:04:01.049 --> 00:04:02.609 has to happen mentally? 84 00:04:02.750 --> 00:04:05.960 Sean Murray: Any any type of return that exceeds? That 85 00:04:05.960 --> 00:04:09.170 exceeds, you know, single digits should be an automatic anytime. 86 00:04:09.770 --> 00:04:13.280 A proposed return is double digits. Red flag that's good. 87 00:04:13.520 --> 00:04:15.860 Red flag Yeah, why isn't the Wall Street taking it all? Why 88 00:04:15.860 --> 00:04:17.990 are you coming to me once in a lifetime opportunity? I'm gonna 89 00:04:17.990 --> 00:04:20.420 get rich why? Yeah, that's good. 90 00:04:20.460 --> 00:04:23.090 That's good call out all street wants everything good for 91 00:04:23.136 --> 00:04:25.720 itself. I can't stress it enough. Yeah, this happened in 92 00:04:25.766 --> 00:04:28.534 peer to peer lending. Why don't we have peer to peer lending 93 00:04:28.580 --> 00:04:31.580 anymore as Wall Street wanted at all? Yeah, at first they went up 94 00:04:31.626 --> 00:04:34.579 to the peers you can contribute here you can make eight nine 10% 95 00:04:34.625 --> 00:04:37.209 But guess what? That one was legitimate. That was a real 96 00:04:37.255 --> 00:04:39.931 return what did Wall Street do the I don't want, get these 97 00:04:39.978 --> 00:04:42.884 people out of the way. Yeah. All for myself. Yeah, peer to peer 98 00:04:42.931 --> 00:04:45.607 lending was over Wall Street came in. Why? Why did they do 99 00:04:45.653 --> 00:04:47.130 that here because it's not real. 100 00:04:47.249 --> 00:04:48.059 Johny Fernandez: Yeah.