Dude Is Going Into Debt To Mine Crypto

Financial Audit

Caleb Hammer

Education, Investing, Business, Self-improvement

4.6 • 633 Ratings

🗓️ 18 October 2023

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Hi, my name is Michael. I am 25 years old from San Antonio, Texas, and this is financial audit.
0:06.5	So what do you do in San Antonio for a living?
0:10.5	Loaded question. Very loaded question. A lot of people make fun of me because I have multiple
0:16.3	jobs. Why is that I make fun of? I don't know. Okay. I don't know, but they do. Sure. My business partner at one of the jobs, Heroes Hideout, a card shop that I'm one of the owners of. He likes to tell everybody that I have like eight or nine jobs at any given time. So you're part owner of a car shop? I'm part owner. What's your percentages of ownership?
0:38.5	I own 30%.
0:39.5	30%.
0:40.1	Okay.
0:40.6	How'd you get 30%?
0:42.0	Well, when we were talking about opening the thing up, I wanted to be a less, I wouldn't
0:50.0	say less present owner, but a less, um, um, less present owner.
0:58.4	Oh,
0:58.7	sure.
1:00.2	Um,
1:00.7	I wanted to be the guy in the back kind of sitting like, uh, like wade from
1:04.8	Kim possible and doing all of the stuff in the background while he was on the ground
1:08.5	doing all of the,
1:09.5	not all of the heavy lifting, but most of the heavy lifting, the day to day work on the ground doing all of the not all of the heavy lifting but most of
1:11.4	the heavy lifting the day-to-day work the managing and so we figured that a 70-30 split would
1:17.8	help with that okay so the business partner like runs the business mostly yeah yeah and I do like
1:23.5	the business how much did you put into it? Not very much. Not very much.
1:33.5	I think our actual split on paper was 700, 300, and then we put, yeah, well, I had a large collection of cards and he had a large collection of cards that we also just put into it.
1:36.8	Is this in a brick and mortar?
	...

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