Episode 56: Modelling King Solomon and Investing the Solomon Way
Our guest is a well-known motivational speaker and founder of the Boron Capital. He is also the author of the best-selling book “The Solomon Way.” The book has helped countless people achieve the financial independence they have been looking for and more.
In this episode, Blake Templeton shared how he used a thousand-year-old strategy King Solomon has used to accumulate massive wealth. The principle still rings true today despite the pandemic that has hindered million-dollar industries from thriving.
If you want to know how to accumulate financial freedom and wealth and discover your God-driven purpose, this episode is for you!
Tune in to this show and enjoy!
- 01:23 – Introduction
- 02:45 – How he got into the business
- 07:12 – High-reward low-risk guarantee
- 09:26 – All about 3D Investment
- 10:13 – Changes in the time of COVID-19
- 21:56 – On changing his strategy
- 25:17 – How he leaned outside Wall Street
- 26:43 – Fears outside Wall Street
- 27:55 – Investment that didn’t work
- 30:37 – Advice to aspiring investors
- 36:19 – How to get a copy of his book
3 Key Points:
- Knowledge alone is not enough to build a sustainable source of wealth -asking God for wisdom is just as vital.
- Acquiring wealth for oneself is not what makes it meaningful because it is meant to be shared.
- Utilize a strategy that eliminates as many risks as possible to guarantee incoming cash flow.
Get in Touch:
- Blake Templeton’s Website
- Blake Templeton’s Number – 31996
Welcome to The Gold Collar Investor Podcast with your host, Pancham Gupta. This podcast is dedicated to helping high-paid professionals to break out of Wall Street investments and create multiple income streams. Here is your host, Pancham Gupta.
Hi, this is Joe Fairless. If you wanna diversify out of Wall Street investments, then listen to The Gold Collar Investor Podcast.
Hey, this is Mauricio Rauld, founder and CEO of Premier Law Group and if you are serious about investing in real estate, listen to The Gold Collar Investor podcast with Pancham Gupta.
Pancham: Welcome to The Gold Collar Investor Podcast. This is your host, Pancham. Really appreciate you for tuning in today. Let’s get into today’s show. History is a brilliant teacher. There are so many successful people in our history that if you study some of them, you will realize that there are many common threads or things these successful people did. One of my mentors, the late Bob Helms, said that you do not have to give natural childbirth to good ideas. You can adopt them. So my guest today has been following the principles of one such successful person, King Solomon. Apparently, King Solomon was the first trillionaire. We ask our guest, Blake Templeton, about these very principles that were used by King Solomon. A bit about Blake. Blake Templeton is an international motivational speaker, author of the new book, The Solomon Way, an eight-figure award winner, and a regular contributor to Forbes Business Council. But what he’s really excited to share with you today is the investment secrets found in his book The Solomon Way. These secrets are making money for investors during this recession. Blake, welcome the show.
Blake: Hey, I really appreciate the invite.
Pancham: No, thank you for your time, Blake. It’s great to have you on. So, are you ready to fire up my listeners, break our Wall Street investments?
Blake: Man, I’ve got like blood boiling inside of me, the conviction to move to the private market, to get out of the public market. I got a lot of good stuff to share right now.
Pancham: Great. I’m super excited. I’m fired up to talk about that today. So, I wanna get into your background a little bit and your book title is kind of amazing, The Solomon Way, and, you know, I was reading a little bit before you hopped on and, you know, I don’t know much about King Solomon, so I want to know like how you got into the business that you’re in right now and then tell us about King Solomon and his principles.
Blake: Yeah, great question. Man, I started in 2006 as a college dropout, not a penny in my name, and ended up persuading a multimillionaire to pour into me and I kinda rode his coattail and I did that in the private market which you’d call the Main Street market, but I didn’t have the right heart. I was in the right market, because you and I, we both say your consistency at wealth creation, for those who have built wealth, is in the private market, it’s in the Main Street market, it’s not going to be in the public market. That’s where the volatility is and anyone, long term — I can’t find anybody, long term, in the public market, so I call stock market the public market, I can’t find anybody, over 30 years, who’s actually made, you know, a strong 20 percent rate of return or something like that.
Pancham: Year over year.
Blake: Long term. Yeah, year over year. I mean, S&P, when you adjust for inflation, you’re at 5 percent for the last 20 years. So, I mean, we’re on the same page, everybody’s gonna be in the private market obviously. I was in the private market. However, I didn’t have the right heart or wisdom. Long story short, I made a lot of money and come 2009, the Lord actually came to me and it was just like He said, “Blake, you’re really good at making money, I’ve actually created you for that. However, your heart is not right. Like you actually — you don’t have my heart toward people, towards money, like I want you to use this as a resource for good and you’re using it as a resource just for your good.” And so the Lord literally laid me down and I almost lost everything and it was because I didn’t have God’s wisdom so that took me to King Solomon and I just opened the bible, essentially to the middle of the bible, 3,000 years ago, and I found King Solomon and he was — as David, his dad was actually dying and he was making King Solomon king, he was like, “Man, I’m not ready to be king,” and so he gave a sacrifice to God and God said, “What do you want?” and he said, “I want your wisdom,” and he said, “Because you asked for my wisdom and not wealth and not for me to destroy your enemies, I’m gonna give you more wisdom than anyone before you has ever had. More wisdom than anyone in the future has ever had. And I’m going to give you wealth. Wealth beyond any other king before you or after you.” And there was this direct correlation with wisdom and wealth and so I just went deep into King Solomon’s — I mean, he’s the first trillionaire who ever — and he’s the first one who ever documented his story —
Blake: Yeah. Most of the time, what we’re doing is we’re listening to people who have, you know, a 20-year run or a 50-year run and it’s like, are you investing where you’re telling people to invest, right? Most people in the public market are investing where they’re told to invest and so everyone’s riding the emotional high but it’s like, man, I wanna go see the one who stood the test of time. I wanna go see the one who his entire reign was like making money hand over fist. I wanna go see what he did, and that’s what I did and that’s what the last 14 years we built our investment firm off of and, you know, in 2008, not a single investor lost money, in 2020, in the whole pandemic, not a single investor lost money, and, I mean, that’s what it is. It’s walking in what we call a three-dimensional investment. We basically took everything from Ecclesiastes and Proverbs and Chronicles and Kings and took that and actually put together a system of King Solomon and it’s called the three-dimensional investment. That’s what we ran our entire firm on this entire time.
Pancham: Wow. So, this, so many things that I actually want to dive in, I’m just thinking what should I ask first. So, so you said like in 2009 that something happened, right, where kind of God led you down and you were working for yourself and you wanted to work for people so between 2006 and 2009, you were, I’m assuming, were still investing and you were in the private market, so is that right?
Blake: Right. Right.
Pancham: Okay. So is there some, this 2008 market crash that you’re talking about, that was the event that kind of taught, made you, led to this —
Blake: We actually made a ton of money in the 2008 crash.
Pancham: Okay, great.
Blake: So we were making — so it was really toward the end of 2009 and, man, I was making so much money but I was prideful, I was arrogant, I was — and I would have never said this back then but, you know, I had tons of real estate investments, I had — I was speaking on stages selling how to actually run the investments, and then I actually was — had multiple divisions from the construction side to the actual investment side, and so He literally just put everything on hold and He was taking it from me if I didn’t actually change my heart, and so in my book, The Solomon Way, that just came out, the key is you gotta become a Solomon investor and you gotta have a Solomon general and a Solomon general is like forget the money manager, forget the financial adviser, you gotta have someone who’s in the trenches for you. You gotta have someone who actually cares about your money more than you care about your money. You gotta have someone who has God’s wisdom and they actually take God’s wisdom and overlay it over your wealth so that you can exponentially grow your wealth, and so The Solomon Way really explains how a Solomon investor thinks, the process of his mental framework, how to build wealth. You know, King Solomon was not about risky investments. He was about exponential multiplication investments and most people think high risk, high reward, low risk, low reward. King Solomon was like, no, that’s for peasants. A king would rise up and do a high reward, low risk, and that’s what three-dimensional investment is and that’s why, you know, as I said, no one lost money in this pandemic situations, it’s because it’s a three-dimensional so it’s high reward and low risk.
Pancham: Got it, got it. Okay. So, I guess I want to touch base on the 3D principles that you’re talking about, right? Can we dive deep a little bit into that and can you explain what you mean or what those principles are that King Solomon invested, used, and created his empire, whatever —
Blake: Yeah —
Pancham: I actually didn’t know that he was the first trillionaire and even we actually had a trillionaire —
Pancham: — in the history of the world.
Blake: Yeah, absolutely. So the three-dimensional investment. The first dimension is every investment has to be directed by God’s wisdom. God’s the one that created all the resources. God’s the one who is omniscient, who knows all things. God’s the one who actually creates wealth for his people. Instead of leaning on our own understandings, I mean, we are like sick and ruthless in our optics and metrics. I mean, we are like powerful in our due diligence. But if I lean on my own understandings only and I don’t actually seek one who is literally sitting up in the owner’s box above the whole entire situation, then I am at a massive deficit to actually what’s a good investment, what’s not a good investment. So first dimension is God’s wisdom. No one, almost no one walks in God’s wisdom in investments, you know, in the private market or the public market, but especially in the public market. I mean, the public market is on oxytocin of this connection of opportunity and this dopamine hit. I mean, when the stimulus checks came out from the salary of $150,000 to $300,000, which I’m sure is most of your listeners, 50 percent increase in stocks in that economic class when the stimulus check came out. Everyone put their stimulus check in the market. It’s like all the casinos were shut down so they had to have the dopamine hit and, you know, it’s like, okay, they put their money here; however, it’s just an emotional gain and, you know, Warren Buffet’s quote of, you know, be greedy when others are fearful and fearful when others are greedy, okay, he had pulled all his money out and he’s 137 billion for Berkshire sitting on the sidelines and he’s like it’s overvalued, it’s not a good deal, don’t do it, well, he’s — and that’s what his actions are saying while he’s telling everyone, “Hey, get in, get in, this is great, get in, get in.” Well, why is it great? Because it’s an emotional gain and if everyone gets in, then that holds the market while he’s out, and so it’s like that’s not wisdom, but if you lean on your own understandings, you’re gonna be riding the dopamine hit, you know, to get up so — but God’s wisdom, first dimension is, man, it’s outside of numbers. It’s outside of demographic. It’s outside of economic index. It’s outside of — I mean, we have a proprietary 13-number system that goes in from unemployment to the economic index of the area to the building cost, the, you know, the occupancy and this like creates this model but I’ve had it where all the checkmarks check out but God’s like, “No, it doesn’t give me any peace on that investment,” and we don’t move forward then we find out later it was a bad deal and then we stepped behind the curtain or all the checkmarks didn’t happen but I had his peace, this heavy, pure like moment of peace to move forward and then we buy it and then we find out that there’s new opportunities of new cash flow revenue centers that just — this made the deal amazing. So the second dimension is it’s gotta be tangible and the tangibility of it is like literally owning what’s called the Megiddo. Let me tell you a quick story. Back in King Solomon’s time, there was a city called Megiddo and —
Blake: Yeah, M-E-G-I-D-D-O, Megiddo, and everyone had to pass through Megiddo to actually transact, you know, trade merchant guys so the merchants and the traders, like if you wanted to go from Ethiopia to other parts of, you know, Asia or something, you had to like pass through Megiddo, so whoever controlled Megiddo controlled the financial economy of the world, the influence of the world, the culture of the world. So, there were more battles fought in Megiddo and the Jezreel Valley than any other area in the world to date, still. Why? Because if you owned that city, you controlled it. Every trader on the trade route had to pay a sliding fee, paid a fee to transact, to come through. Well, there’s a public market Megiddo and there’s a private market Megiddo. The public market Megiddo is the stock market. It’s ran by the centralized banks, the high-frequency traders, and your large players like Warren Buffet or something who’s controlling a big footprint. The private market Megiddo is controlled by those with three-dimensional investments. So, if you’re in the stock market, you’re just literally a trader on the trade route paying a sliding fee. For instance, in a mutual fund, the average mutual fund is 3.17 percent fee, but the average mutual fund’s not paying 8 percent, so 3.17 percent is coming out of your 8 percent so you’re not even making 5 percent before inflation adjustment. They’re taking 39 percent of your total return. You’re just a trader on the trade route getting hosed.
Pancham: When we were talking of Megiddo, right, I actually felt for a second that, you know, US dollar is kinda like Megiddo. You know, it’s the reserve currency of the world, you have to go through US dollar to buy oil or people are getting away from it, the countries are getting away from it, but it’s used that way and then within US, you feel the Fed is kinda Megiddo, like everyone has to go through —
Blake: Yeah, it’s interesting. It’s so interesting. When you start applying the wisdom of God, you start looking at like, for instance, in the public market, I mean, whoever controls the Megiddo means they control the emotions. They control the output, the soap opera, the story. When the stock price doesn’t match the earnings of the company, like Tesla’s upside down as a company but their stock price is out the roof. Amazon, Amazon itself, the earnings are only 3 percent margin. So on $250 billion, they’re only making $12 billion as a company and yet, you know, they’re over a hundred times earnings, a hundred times earnings, like that means an apartment that makes a million bucks is gonna be worth a hundred million? Amazon couldn’t even pay dividends if they wanted to ’cause $12 billion is over $1.3 trillion market capitalization. That doesn’t make any sense. They couldn’t even pay 1 percent ’cause 1 percent would $13 billion so it’s like there’s no wisdom but they own the Megiddo. If you buy in the public market, you’re just buying the dopamine hit and then you’re just a sliding fee payer. But we wanna own the Megiddo. We wanna take control. You take control in the private market, you take control owning the real estate. You take control, and so what we do in The Solomon Way is that the Solomon general comes in and we actually run everything turnkey for you. You actually take control of the real estate, we actually run it and then the clients, the tenants, they’re paying a sliding fee. Well, you wanna be the one collecting a sliding fee. You don’t wanna be the one paying a sliding fee, so that’s the wisdom tied to the actual tangible. Second dimension is the tangible. Third dimension is in the cash flow, and cash flow is the business set on top of the real estate. This is what Solomon did on every investment, it’s how he became the richest man in the entire world. So along the trade route, instead of diversifying into tons of stocks which he would never have approved of, you know, a stock is like an air company, a shell, and then the real company, stock is this company, it’s the shell, it doesn’t have earnings, it’s just an emotional vehicle. It’s not even directly tied to the company. Solomon was like, “No, I own my domain. I’m a king. I take authority. I’m in power.” And so, man, my call, my desire is for all the listeners to step up and be a king. You gotta go and own the Megiddo. You gotta go invest with the Solomon general. You gotta go get in the private market. You have to actually fully reject the public market. You’re not a peasant anymore. You’re a king. You rise up. You step up. You own your position and that allows you then to collect the sliding fee. The dopamine hit is here today, gone tomorrow. It goes up and it goes down. But you’re getting — everyone who has control of Megiddo in the public market, whether you make money or not, they’re gonna make money off of you. Don’t be duped. In the private market, hey, we control the Megiddo. The tenant, whether they’re making money at their job or not, we’re getting paid. We win. And so the three-dimensional investment, man, that’s where the money is. That’s where wealth was built and, I mean, I’ve just seen the last 14 years when no investors lost money no matter what the economic problems are. That’s the methodology of the three-dimensional investment.
Pancham: That’s great. Thank you for explaining that. So, now we are in the middle of this, you know, I wanna switch gears a little bit and I wanna talk about using these three principles, 3D, three dimensions of principles that you apply in your business and how, in the middle of this pandemic and COVID-19 situation, how has this impacted your business and are you changing things because of it?
Blake: A great question. So, a king in the king’s court, like King Solomon, you would always walk in God’s wisdom ahead of time fortifying the walls of the investment. So King Solomon put up massive walls around the entire kingdom to fortify the kingdom. As a Solomon general, we put up the walls around the kingdom so when the good times are coming, when everything is like, it’s amazing, we put up the walls. Where most people are eating, being merry, and, you know, loosening the system, spending money frivolously, we go the other direction. We tighten everything up because whenever things are going good, that’s when you’ve got additional money to fortify that, that’s when we start pushing buttons and pulling levers to actually lower expenses and to bring higher yield and so then when something happens, you’re prepared for it. Most people never prepare ahead of time. A Solomon investor prepares ahead of time because they’re doing it the Solomon way. So, for us, the pandemic, we didn’t feel it because we were already in a whole different place. So our construction projects, we had revenue put aside if something took longer. In our corporate housing or something like that, we have long-term contracts from corporations. With our wedding venues, on our wedding venues, while you couldn’t actually do tours ’cause of the physical, you know, whatever, spacing and stuff, we’re doing virtual tours like this and selling $15,000 weddings like this.
Pancham: Oh, wow.
Blake: And so, when you control the Megiddo, you control the price, you control the traffic, you control the system. When other wedding venues are going out of business, ours are thriving. Why are they going out of business? Because they didn’t prepare. They really are living on the wedding list that they booked out in 2021, they’re spending that money now for overhead. But that’s a terrible idea. That money shouldn’t even be touched until 2021 when the wedding ’cause you didn’t make any money yet, but they don’t have any money, so that’s how everyone else works. Department, world, even. You know, everyone spends the money before they get it, and so a Solomon general runs it a whole different way. We run a tight ship where, I mean, our margins are anywhere from 40 to 65 percent on all of our investments.
Pancham: That’s good. So you’re saying that now, because you were very prepared and your wedding venue business or your construction business or your apartment business, right, none of these got impacted, are you changing your strategy now or are you still doing what you were doing and still, you know, in the market, you know, look out for good new investments?
Blake: Yeah, for us, nothing changes. Now, with that thing, the only thing that’s consistent in business is change. So, while nothing changes in our mental frameworks, nothing changes in our flow, nothing changes in what we do, this is the wisdom, everyone should apply at all times, what’s always on a touch, little sensitive touch, like there’s something on your shoulder and you can feel it, it’s a sensitive touch, is sometimes a market shifts and you don’t go invest anymore in that market because once you can’t control something, so, for instance, let’s just say someone was like oil is great or it’s way volatile. We don’t invest in oil. But that would be where somebody would go, “We shouldn’t invest in oil anymore because,” right? We just are always looking at the highest revenue, lowest risk and our changes are only to actually maximize lowest risk and highest revenue. We might go into a new industry because it’s now becoming big enough but it’s still small enough where it’s not institutionalized, and so why the wedding venue world? Well, because it’s a mom and pop industry where the apartment world is highly institutionalized. Hard to break in. Self-storage is 15 years behind it. Wedding venues, another 15 years behind it. So it’s a mom and pop world. 93 percent don’t even know how to advertising right. They hire their daughter’s friends to be salespeople. I mean, it’s crazy. So where they have like 10 percent, you know, booking ratio, we have a 50 percent booking ratio. Their prices maybe to book a wedding are, you know, ten grand, ours are fifteen grand, you know, on average across the nation. And so, where they might sell $500 in upsells, we might sell $5,000 in upsells. And so our margins are higher, our traffic’s higher. We own the niches where we can dominate. A Solomon general would never go into an investment that he can’t dominate the industry. So a Solomon investor has to realize you gotta be somewhere where you can win and if you’re not winning, you gotta change your whole strategy to make sure that you’re actually winning.
Pancham: Got it, got it. Sounds great and I think I need to go and get your book and read it. That’s great. So, you know, would you like to add something before we move on to the next section of our show?
Blake: I think it’s good.
Pancham: Alright, great. So we’ll be back after this message.
If you want to know the top six reasons on why you should consider diversifying outside of the Wall Street, then you are in the right place. I have written a free report for you. It goes into not just the top six reasons why investing in stocks, 401(k)s, may not be the sound strategy but also what are the alternatives. Get your free report today on thegoldcollarinvestor.com/download.
Pancham: Blake, let’s move on to the next section of the show which I call Taking the Lead Crown. I ask these four questions to every guest on my show so my first question for you is when was the first time you invested outside of Wall Street?
Blake: I started outside of Wall Street in 2006 and I’m a little bit of a different breed ’cause I’ve never entered Wall Street so I’m kinda like that third-party fly on the wall, like seeing what’s happening, you know, I’m like seeing the devastation on people’s portfolios, seeing the adulterous lover relationship where it’s like, you know, it’s gonna be great, it’s gonna be great, oh, it’s great for a while, oh, guess what happened, I see the capitalization of market or a certain company and seeing how much had been invested in the S&P and I’m seeing like the price and the ratios. I’m like seeing if that was applied to the actual private market in real estate, if you could literally take every real estate investment and put it in a publicly traded market, you’d make billions out of nowhere, just free money. And so seeing this stuff happening, I’m like, man, that’s one of the things that really pushed me over the edge to actually go help people transform their thinking, become a Solomon investor, activate their net worth, pull it out of the market where they can truly rest while they invest.
Pancham: Great. Thank you for that. Second question is what fears, if you had any at the time, I know, like you never even went into Wall Street, what fears did you have to overcome when you first invested outside of Wall Street, which was 2006 in your case?
Blake: Yeah. For me personally, mine was different because I didn’t process it like it was a fear because I saw it was tangible. I saw something I could kick it, I could lick it, I could touch it. I mean, whether it actually — the real estate had value, it cash flowed and the value is always gonna go back up but something tangible, so I saw the difference between — like the public market, the stock doesn’t actually have value. It’s just in the emotional speculative thought that it has value. I mean, you mentioned the US dollar. It’s only the thought that people believe that the US dollar has value, but if they didn’t believe it had value, we’re in trouble. Same thing obviously for the stock. It’s only the game, the story. It’s like WWF Raw. Like, come on, bro, you know it’s fake. You know wrestling is fake. Come on. Like he throws him up to help the drama, but people go watch it and they really wanna believe it’s real, but it’s fake. That’s how the public market was so for me it was just different. I could just see the writing on the wall.
Pancham: Okay. That’s great. Alright. So, third question is can you share with us one investment that did not go as expected?
Blake: Yeah. I had an apartment complex that again all the checkmarks were there for the numbers. I felt the peace of God to move forward in the investment and, unfortunately, they were cooking the books so —
Pancham: Oh, the sellers.
Blake: Yeah, the sellers were cooking the book so it was 93 percent occupied. Well, those 93 percent of people in the building’s not paying, and so they were — but they were putting money in the bank, showing that it was there and truly cooking the books so if the money was in the bank, you know, I could see the bank statement, I could see, but God gave me, you know, wisdom to go into it. Long story short, occupancy goes from 93 to 63 in four months and so I had to just start literally kicking everybody out because they weren’t paying. And it was this massive understanding that, okay, this property is gonna take a different perspective, but because we went in with God’s wisdom, here’s the beautiful part, no matter the actual circumstances, this is with God’s wisdom, we had the available money to put into the property to then actually renovate it. We brought it back up to 93 percent. We held the property for three years, brought it up to 93 percent, and then we ended up selling it for more than you actually would have believed that could have sold before, three years earlier, and so all the investors made 43 percent return on their investment and it was all a great day.
Pancham: Wow. That’s good. How many units was this?
Blake: It’s 117 —
Pancham: In Texas?
Blake: This one was in Georgia, in Atlanta, Georgia —
Blake: — and we — we were in it at — all of our renovations, we were in it at $49,000 a door. We sold it for something like $65,000 a door or $75,000 a door. Anyway, we were all in at 4.9 and we sold it for 6.9 three years later and it’s just — it was a great bread and butter deal but it wasn’t like that in the beginning and so it was like during the bad circumstance that we got dealt, we had to actually walk in God’s wisdom to actually clean out the culture, put a brand new culture in place, restore the value of, you know, the community, and then get the right rules and belief systems inside the people and then, you know, once we sold it, it was humming at a beautiful rate.
Pancham: That’s great. Thank you. Man, you know, this is great outcome for you so that was good. So my last question, Blake, for you is what is one piece of advice you’d give to people who are thinking of investing in Main Street that is outside of Wall Street?
Blake: Yeah. I mean, I’ll talk about two different routes. One is like if the person’s like, I mean, I was kinda like born on the public market side. I was born on that side, the Wall Street side. I feel more comfortable in that world. I would just say, you know what, you should probably call a timeout and cut the emotions because everyone has blind spots and, you know, a lot of times, most people just don’t know, am I a peasant or a king? Like I just don’t know. Well, how are you gonna know is you gotta cut the emotions, to call a timeout, cut the emotions from the scenario, because sometimes we have blind spots that are giving us false beliefs in something and that’s not wisdom. And so we’ve gotta go process as a third-party consultant, so I call a third-party consultant, and it’s like the plumber can go fix everyone else’s stuff but he’s got leaks at his own house. The house cleaner is an amazing house cleaner but her own house is dirty. So why would you let it be when you can go give, you know, proper wisdom to other people about their circumstance, you know, maybe they have a bad marriage or something and you go give wisdom, but if you can’t apply wisdom to your own money and the idea is like what’s the best-case scenario, what’s the worst-case scenario, can I live with the worst-case scenario? The truth is, is it tangible? Does it have lasting resolve? Does it have integrity? Does it have value outside of the cash flow? And, obviously, the stock market, if you’re not getting a dividend, you don’t got cash flow, it has no tangible value itself and so it doesn’t have tangible value, what’s holding it up? Emotions. Well, come on, man. No investor has ever done well long term based on emotions. Most people who are in Forbes, you know, if you look at Forbes, they actually went deep into the private market. I mean, the people who are wealthy because of stock, they’re not wealthy. Their net is worthless because they haven’t cashed it in. Until you actually cash in your stock, you got nothing. You’re just on the trade route expecting something, so what I say is call a timeout if you’re in the public market. You just gotta call a timeout. King Solomon built things on tangibles, things with real resolve. Something you could touch, you could feel, you could hold, and that’s what he had control of. If you’re in the public market, unfortunately, you’re just a peasant on the trade route. You have no control. You’re hopeless, you’re helpless. And then, if you’re like looking to move to the private market, I’d say, hey, same thing, call a timeout, cut the emotions. We have bad belief systems sometimes that get created and we have to actually go in with proper resolve, so what you gotta realize is is that something that’s tangible is always better than something that’s abstract. I mean, always. Would you like to have a car or dream about having a way to have transportation? Would you rather have food or be like Peter Pan where you’re like having to create the food out of thin air, you know? It’s not real. So tangible is always better than something that’s abstract. And then does it cash flow? Well, yeah, cash flow. You need cash flow. Cash is king. Putting cash down in the bank where it’s resolved, it’s there, like everyone has bought in to the idea that I got stock, I got that, I got that. No, go back and look at all history. Go back and like walk in wisdom. Go back and look at the methodologies of empires of the past. Nothing did well when all your money was built on the past, was built on an abstract future, like in the future. You need something that’s tangible. You remember like Donald Duck and the cartoon and he’d go swim in his money, you know? He had like this big — Donald Duck had all the money and he’d like go swim in his little gold coins. King Solomon, at one time he had over 250 billion dollars and gold was their currency back then. Literally billion dollars in gold coins in one spot. Okay. I don’t know about you but that — forget gold ’cause gold is not a good investment, it’s a whole another conversation for another day, but this is currency. If you had 250 billion in currency, is that better than 250 billion in stock? Forget tax ramifications, which one’s better? The tangible. So for those who are in the public market thinking about tangible, man, that’s a no brainer. Everyone who has been intangible, in cash flow, you got something that’s hard, strong. It’s stronger to believe in something tangible than it is something that’s speculative or emotion. And then do you own the Megiddo? Do you control the Megiddo? Do you actually — you worked hard for your investments. All your listeners, they worked hard. They’re in the tech world. You’re on the top of your game. Do you really wanna risk everything you got? Do you control the Megiddo or do you not control the Megiddo? If you do not control the Megiddo, which you don’t if you’re in the public market, you’re just a trader on the trade route. You’re just a number. The casino always wins. You’ll get played. You just haven’t seen the whole ramification of it. In the public market, you take control. You have a Solomon general who runs it for you turnkey. I just give them massive encouragement. And the volatility of our current market, are you kidding me? Like call a timeout. Cut the emotions. Let’s make some wise decisions here.
Pancham: Great. Thank you, Blake, that was quite an answer to that question. So, thank you for time here. I want listeners to, you know, know how to get in touch with you and get your book if they’re interested.
Blake: Yeah. What I love to do, my friend, is I would love to give my book away for free. I love to actually put it in your listeners’ hands and actually let them like digest it. I think it’s that important. And so what I want you guys to do is I want to pull out your cellphone and I want you to text me and I’m gonna give you a link to actually go get the book for free and all I ask you to do is just pay for shipping and handling, so I’ve covered all the cost of the book, I’ve covered all the process to get it to you, I just need you to pay for shipping and handling and so text the number 31996 and I want you to text the word “Solomon.” Pretty simple. Text the word “Solomon” to the five-digit number, 31996, and that’s gonna shoot you a link that you can actually then go get the book. Simple process and I’ve got a lot of goodies that I wanna give you as well. This is the thing is that we’re in this moment what I would truly call the wealth transfer, but the wealth transfer is for the wise. Those who walk in wisdom, that’s what correlates wealth. That’s what brings the wealth transfer. And so you just gotta ask whose wisdom are you listening to. So text the number, 31996, text the word “Solomon,” and I so look forward to meeting you guys, I look forward for you to digest the material, letting me know how to fix you and then reaching out to us if that’s a benefit for you.
Pancham: Great. Thank you, Blake, for sharing your wisdom today and the three principles of your investing which you took from King Solomon. The first one is God’s wisdom, the second one, investing in tangibles, and the third one is the cash flow. So, great. Thank you for time today.
Blake: Hey, it was my joy.
Thank you for listening to The Gold Collar Investor Podcast. If you love what you’ve heard and you want more of Pancham Gupta, visit us at www.thegoldcollarinvestor.com and follow us on Facebook at The Gold Collar Investor. The information on this podcast are opinions. As always, please consult your own financial team before investing.