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The Rich Somers Report

The Truth About Money, Masculinity, and Being a Provider | Albert Preciado E421

The Rich Somers Report

Rich Somers

Investing, Business

5.01K Ratings

🗓️ 8 November 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

If you’re still splitting dinner bills in your 30s and 40s—it’s time to level up. In this episode, Rich sits down with Albert Preciado for a real conversation about money, masculinity, and what it means to be a provider in today’s world. From learning hard lessons around success and scarcity to embodying what true leadership looks like in relationships, Albert breaks down the mindset shift that turns men into producers—and providers who create abundance for everyone around them. They cover: W...

Transcript

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0:00.0

I still see a lot of people going out there in the 30s, 40 year old man, they go out with each other.

0:04.3

The bill comes.

0:05.1

There's 10 people. And they're all splitting the bill, getting their calculators up at the dinner table, calculating the bill in front of everyone. I'm like, dude, it's kind of embarrassing. They got to stop hanging out with fucking all those losers. Because I was hanging out with losers. I used to be one of those guys. Bradley, he was one of my most successful friends that I knew at that moment.

0:23.2

We went to have one of those guys. Bradley, he was one of my most successful friends that I knew

0:22.2

at that moment. We went to have dinner with the families. It's the first time that I dealt with this, but I gave him my card and I'm like, here, let's split it. threw it back at me. And he said, we don't split bills. I got it. When you have that thinking, I'm always going to pay the bill. you're like forced to produce more income. And if you're going to go on a date, please pay the bill.

0:40.0

Welcome to the Rich Strummers Report, where we talk real estate, business, and wealth building, all while keeping it real. No fluff, no BS. I hope that you enjoy the show. I know you had lunch or, like, dinner with Bradley, like, back on the day. And it was kind of like your aha moment of like, hey, like real men pay the bill. But I still see a lot of people going out there that are like, you know, in the 30s, 40 year old men, they go out with each other. And there's the bill comes. There's 10 people. And they're all spitting the bill, getting their calculators up at the dinner table and calculating the bill in front of everyone. I'm like, dude, it's kind of embarrassing. What are your thoughts on guys that are splitting the bill in their 40s? It's the people you hang around with. That's why I was telling you, like, why are you hanging around with average people? Why are you hanging out with people that are no longer part of the company? Why are you hanging around with certain family? You know, like, the only family

1:33.3

members you should hang out with are your parents, your brothers or your sisters. Like, why you

1:38.5

don't have to be hanging out with your uncles and cousins? Like, are your uncles and cousins offering

1:43.3

you value to get better? Are they successful? Probably not. Like, are your uncles and cousins offering you value to get better? Are they successful?

1:47.2

Probably not. So, like, why are you wasting your time? Like, people don't realize how important

1:51.6

time is. Yes. You can't get that back. It's more valuable than money. So, like, that, that's key

1:56.9

right there. Yeah. And so what's, what's your message for these guys that are they're splitting

2:01.4

the bill when they go out to dinner? They got to stop hanging out with fucking all those losers.

2:08.0

Because I was hanging out with losers and I used to be one of those guys where I would be like,

2:15.2

oh, well, I only had one drink or oh, today I didn't drink. So why are we splitting it? You had five drinks. You had six drinks. And I didn't drink today. So like, why are we splitting it? I'm like, I only paid, I only got this taco. And I'm almost, I should only be paying $10. And I forget there's taxes plus the $10. So, but being around those people, that's what you're expected to do.

2:38.2

So like when I went out, like, like, Brad Lee was at one point, like he was one of my most

2:43.1

successful friends that I knew at that moment.

2:45.8

So I was doing okay.

2:48.6

I had an American Express card platinum and we went to have dinner with the families. So it's the first time that I dealt with this, but I gave him my card, and I'm like, here, you, like, let's split it. And then he just got my card and just threw it back at me. And he said, we don't split bills. Like, I got it. And I'm like, and then that just stayed with me.

3:08.3

And I'm like, you know what?

3:10.1

You, when you have that, that thinking, that when you think that way, I'm always going to pay the bill.

3:16.2

It, in your head, you're like forced to produce more income because you know that you always have to pay the bill.

...

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