4.8 • 2.3K Ratings
🗓️ 9 October 2025
⏱️ 72 minutes
🧾️ Download transcript
LightSpeed VT: https://www.lightspeedvt.com/
Dropping Bombs Podcast: https://www.droppingbombs.com/
Ever wonder how the elites turn market chaos into millions overnight? In this straight-shooting Dropping Bombs episode, Joel Kraut—former Wall Street options trader turned real-estate operator—pulls back the curtain on going from Black Monday’s $10M day to pioneering a BRRR-style playbook that everyday investors can actually run. He strips away guru fluff and explains why most people never tap real-estate goldmines, how to build cash-flowing single-family portfolios, and why you must leverage the cycle instead of fearing it. This is Wall Street chaos turned Main Street wealth—delivered by someone who lived both.
Here’s the blueprint most gurus skip: automate $500/mo into an S&P 500 index (compounding toward ~$1.8M in 30 years), then accelerate with covered calls. If you’ve got $50K–$250K sitting idle, this convo shows exactly how to put it to work—and why mentorship collapses your timeline from a decade to 18 months. From personal rock bottoms to mentoring thousands, Joel’s message is simple: commitment over interest, mindset over money, and now is the time to buy—before the big players scoop it all.
🔗 Resources
💼 Lending / BRRR Loans — https://www.brrrr.com/
📚 Joel’s Book: Seven Steps to Financial Freedom — (https://a.co/d/3bnkwET)
🎓 Course & Mentorship — https://www.7stepsff.com/
💵 BRRR Loans Instagram: @brrrr_loans — https://www.instagram.com/brrrr_loans/
📲 Joel’s Instagram: @joelbrrrr — https://www.instagram.com/joelbrrrr/
Watch the full-length video version of any Dropping Bombs episode here on YouTube.
Brad Lea is a self-made entrepreneur who turned small-town grit into a multi-million-dollar empire. With over 25 years dominating sales and leadership, he’s mentored thousands to outsmart, outwork, and out win their competition. His top-rated podcast, Dropping Bombs, brings raw, game-changing insights from the biggest names in business.
LightSpeed VT is Brad’s brainchild—the world’s leading interactive training platform. It’s built to make your team sharper, faster, and more effective, without wasting time or money. Whether you’re a startup or a Fortune 500, LightSpeed VT is how you scale success and dominate your industry. Curious? Check it out:
https://www.lightspeedvt.com/
Brad’s also behind Closer School, the go-to program for mastering sales and closing deals like a pro. Want to 10x your income? This is where you start. His book, The Hard Way, lays out the brutal, honest lessons he learned building his empire—your blueprint to winning the game. Get it here: https://bradlea.com/product/the-hard-way/
This isn’t just a video. It’s a wake-up call. Watch it. Share it. Act on it.
Closer School: https://www.closerschool.com/cs
Click on a timestamp to play from that location
| 0:00.0 | I figured this has to be illegal because it's too easy. You made $10 million in one day. It was kind of unbelievable, the amount of trading volume we did. The map is laid out for you right there. In 20 years, you're guaranteed to be financially set. You would have over $1.8 million at year 30. So we'll drop a bomb for everybody. Go to LinkedIn, go to the search bar. So far, Google, Amazon, Apple, haven't taken that away yet they may but so far they |
| 0:23.5 | haven't explained to me what you would do knowing what you know now to get rich so what i would |
| 0:28.7 | suggest to young people what it is brad lee back again with another episode of dropping bombs today in the studio folks i got a |
| 0:39.8 | real treat for you especially if you're into real estate but just making money all together |
| 0:44.5 | i got joel kraut in the house who's been making some dough for a long time and making it in real |
| 0:51.8 | estate wall street you you're a lender you still flip houses to stay in the game, |
| 0:58.0 | you've bought hundreds and hundreds of projects, you've probably funded hundreds of projects. |
| 1:04.0 | You've you guys heard of the Burr method, this is burr.com basically, yeah? |
| 1:10.0 | Yes, sir. Joel Crout. |
| 1:11.5 | Now, we were talking earlier. |
| 1:14.1 | So I got a little excited when you were talking about, |
| 1:18.2 | you know, you started out on Wall Street, right? |
| 1:21.4 | Yes, sir. |
| 1:22.5 | Now, you were around when it crashed. |
| 1:23.6 | You made 10 million in one day. |
| 1:25.8 | Yeah, my brother-in-law and I were options traders on the Sibo, |
| 1:30.8 | and we traded in most at the time was called the OEX-100, |
| 1:34.3 | which was the biggest product in America. |
| 1:36.3 | It's been replaced by the S&P, |
| 1:38.1 | but for then, that was the biggest product. |
| 1:41.0 | My brother-in-law was truly one of the great independent traders in the country. |
| 1:46.0 | And we were both young kids. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Brad Lea, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Brad Lea and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.