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Made millions fixing elevators
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Auto-generated transcript. Not time-synced to the video.
Hey guys, welcome to the Clappy and
Frank show. We this week have a great
honor of having CEO of CDG Elevator
Consulting, Dove Glick, longtime friend
of mine. I wasn't sure if it's a good
friend of mine or not because then it
look like less professional, more
professional. But the past few weeks, we
we interviewed regular people, less
business, and people are complaining.
So, I couldn't think of a better
outspoken
entrepreneur businessman than the great
Dove Glick.
>> Oh, thank you.
>> Actually, one of my first interviews I
ever did. I've been interviewing
everyone's people since I'm 8 years old.
I was in KMR
Glen Cove Mansion July 4th weekend. the
first Kmart after uh
>> after co and I sat with do I think it
was 10-minute interview it got a few
hundred views but it was one of my first
long I said this guy is so interesting I
first met him Friday night Daviding
everyone sitting professionally you know
KMR fancy people
>> and there's some rabbi shows up and he
decided that he needs a lot of covets
now you're in the room with rich KMR
guests
rabbis I and they respect rabbis but you
know and I forgot what happened but do
like yelled he was sitting in the back
he wasn't sitting in the mat and he just
like set the rabbi straight he's like
bro
someone like you need to earn the
respect you remember this remember so
what happened was that don't remember um
>> but the pro problem was he was screaming
at the another rabbi like he's not
giving him the time of day to talk like
the other rabbi something like that it
was a power struggle. So, everybody saw
right through it, but nobody ever was
scared. So, I just said, you know,
respect is something you have to earn.
You can't demand. The same thing with
anything in life. You have to earn
things in life, and you can't demand it.
That has to do with anything in life,
business, family, friends,
etc.
>> Nothing's unearned.
>> No. If by the way, it wouldn't be
challenging if something was not earned.
I want to ask you something. You woke up
tomorrow morning and you have a billion
dollars in the bank, but you didn't work
on it. You might be you might be dead in
five years, overdosing or whatever you
want to call it. And no, I'm seriously
uh statistically if you look,
you see a lot of uh more issues by
people that have than don't have. Why?
Because they're bored already. They have
nothing to look forward to. I'm not
talking about a y from yid. If he if he
enjoys Torah and he sits and learns and
he does then he he does the proper
things with his money or with his
success. Not not everything is money. It
could be success in education, could be
success and he takes that um uh
experience
and uses it to his to the right. Then
he's he's successful. He feels
fulfillment. The word is fulfillment.
Now
it's like anything else in life. So if
you feel h what what motivates people to
do things in life because they had their
struggles with it or their successes
with it and they wanted to give it on to
the other people to make it work.
>> Do how do you start your elevator
business? I know now you're a consultant
but how do you start from zero?
Elevators is such an obscure weird
unknown category like it's not typical.
>> Okay. So I was in the uh janitorial
business from my early 20s. You
>> used to sweep the floor forest.
>> Nope. I used to sell product and then I
went into plumbing hardware. I did some
kitchens. We sold I sold basically for
landlords and for commercial
>> B2B.
>> No, not B&B. There were those days when
no Yeah. B2B. I'm sorry. So
I was doing well. Okay. Ons and offs. I
had some good contracts, successful
contracts, but I didn't feel
fulfillment. We just spoke about
fulfillment a few minutes ago. Uh it was
very boring for me to keep selling
garbage bags, convincing the other guy,
my garbage bag is is thicker than yours
or my cherry smells better than yours in
my kitchen. Basically, I was selling uh
grocery items in a different sense and
it wasn't challenging. I didn't feel
motivated.
My father
uh great businessman
uh was in the elevator business through
a coincidence too in 1970. My father was
40 years older than 40 years older than
me. So I don't remember it, but I was a
little kid in the early 70s and my
father had a very large square block
building in Manhattan.
>> He owned a square block in Manhattan
>> with partners. Yeah.
>> Are you a billionaire?
>> I I would have been if you kept it.
>> So he had a rooming house in those days.
I don't know what a rooming house today.
It's like similar to a shelter.
He had contracts with the city,
whatever. And he had 10 elevators in
that building or 12. And literally these
people were destroying the elevators.
Literally destroying the elevators day
and night. So he kept getting bills. He
says his bills and elevators were
exceeded his mortgage expenses. So he
once took a mechanic. He says, "Listen
to me, buddy. I don't know what you're
making. I'll double your salary. You
work for me. You don't have to go
anywhere. You stay here in the
building."
And then he realized what the difference
>> you're saying. people have like an
in-house designer, in-house accountant.
He had an in-house elevator repairman.
>> Correct.
>> So, and he saw after a few months how
much the difference between this one
mechanic. He was actually a pretty good
mechanic. He actually ended up being
with him for 25 30 years till he retire
till he retired and not 20 30 years 25
years. is I remember when he he left in
early 90s. He retired and
um he learned he saw the difference what
he was paying these companies versus
what he was saving by paying this guy a
nice salary.
>> Healthy margin.
>> It's not so a healthy margin. Elevator
companies have a lot of liability. They
have workers. They have accounts
payable, accounts receivable,
secretaries, uh dispatchers. They have a
they have an infrastructure that cost
money. So he said, "You know what? I'm
going into the elevator business. In
1976, he started his elevator company.
>> 50 years ago.
>> Yeah.
>> With his mechanic that he hired.
>> The mechanic. Then he ended up having uh
75 people. He did a lot of in those
days. It wasn't like today uh uh
construction like in the Yiddish world
didn't exist. Construction.
>> It's all Italian mafia.
>> Yeah. It's right. It's all
>> a guy a guy asked me in the street a few
days ago. He tells me, "Izzy, you guys
have to do a show about what's happening
in the world of construction." I said,
"I don't know anything about
construction." He says, "Do you
understand 25, 30 years ago, the entire
construction industry in the entire New
York was only Italians and the Jews
stayed away from it?" He says, "Today
it's maybe 50/50. Theidum own the
construction world." Is that true?
>> The
own It's not the it's the Yeah, it's the
the community. It's the liter people
also doing it. Um the I would analyze to
say okay the yidden are very very big
with up to a certain cap meaning
>> when you're dealing with very large
complexes of very very large buildings
you don't have a lot of yeden doing that
>> Gary Barnett is not hired
>> Gary Barnett is is is an anomaly when it
comes to he's a from Jew and he's an
anomaly because usually these are funded
by massive corporations or big banks or
by hedge funds that that that you're
talking hundreds of millions of half a
billion dollar projects. the yidden.
There are very very very few from yidden
even that do do hundreds and hundreds of
millions of dollar projects
>> they cap out of 50 million
>> but they have the reputation they
started out 30 40 years ago
>> there's a lab you man that does concrete
for high-rise buildings they say he's
one of the I'm not going to say names
they say he's one of the biggest guys in
the industry concrete 30 40 years ago
was only Italian
is saying that at a certain let's say up
to $50 million project you have how much
people servicing Even more, even more
100 million, but but
>> not a billion dollar 57 street car
>> because you need different either you
have corporations, a lot of big
corporate and then also you have to be
union. You have to be unionized a lot a
lot of these very large projects in in
in New York. I tried to compete with
elevators with them when I used to do
large buildings and I either had to do
prevailing wage. Actually, I'll tell you
an interesting story. Sandy, when Sandy
happened in 2012, Hurricane Sandy
>> Oh, you said prevailing wage. What does
that mean?
>> Prevailing wage is you have to pay the
the the the the same. You take a
mechanic, even though he's not union,
you have to pay him the union the union
wage.
>> And if you do that, if you do that, they
won't come with the rats outside your
construction.
>> No, they won't come with the rats.
That's that's that's politics. Yeah,
that could happen. There's certain
states that are that are disastrous to
work for. I mean, because there that's
very well controlled. Connecticut, for
instance. So, you extremely tight with
with union. Very very tight. Either you
hire union or you have to pay the union
wages.
>> Yeah. Prevailing wage. So you have to
make money meaning you have to your
price is a lot higher because your cost
your cost and you can't mess around with
that. It's serious business. And
um but going back to my father over
>> you said Sandy or
>> S oh sorry so by Sandy I had a story
where there was such a shortage of
elevator companies that the port
authority reached out to me
>> and I actually did at the time a project
on in the Bronx for the engineering
company that actually did the new World
Trade Center. So they said you know what
let's call and I they they I said okay I
got to come look at the work. They had
so much damage in the basement in the in
in the New World Trade Center that I had
to go. It was like eight stories down or
seven stories. You saw pumping machines
as big as buildings down there that
bring that brings the water in the
cooling the cooling the systems. And I
said I met with the Port Authority guy
and and I told him I said they had four
or five elevators that got damaged from
Sandy in the basement and they're
willing to give me the job but so he
says you got to do prevailing wage. And
I said to him, I can't do that. I said,
I would love I I love the tour. Thank
you very much.
>> It was very unique. He was they were
very nice to me actually. And I said, I
can't do prevailing wage. So he asked me
why. So I explained to him, I said, if I
do prevailing wage, that means I will
take a few of my guys, pay him
prevailing wage, he'll never want to go
back to his regular salary.
>> Oh my god. And what happens is in such a
situation I'll give you another good
situation uh that happened to me during
co the first few weeks there was zero
control what every minute they were
changing direction do masks no mask yes
man you could work on a job said you
can't work you can't and yl are great
and what they came up with they I don't
know who who who they shmeared and who
they who they who they got to get this
done. But they come up with a new uh uh
um gazard. Anybody that's essential
that's essential to the program, they
could they could work. So everything is
essential. You ever saw Yid not say
something's not essential? You know what
I'm saying? I mean, he drives this new
luxury SUV. It's an essential.
Everything is a necessity.
Um, you ever see something's not a
necessity? Everything's a necessity.
They say luxury is not because it's a
necessity. So, it's not a luxury. So, so
made
and everybody was working. Everybody,
everybody suddenly became an excess.
>> This guy's excited now that there might
be another co thing. They think they had
the virus. People were figuring out how
to sell mask.
>> It's not going to happen. It's not going
to happen. They're not going to spend
trillions of dollars. I think one of the
biggest downturns problems that we're
having today in every sector is because
it's still co I I I don't understand why
they never speak about it. Uh they say
the economy is doing well. Economy is
not doing well. It's doing well in
certain sectors. Uh I read the Wall
Street Journal. I think it's very good.
>> Which sector is doing well?
>> No. So AI is is is producing a
tremendous amount of uh good sectors in
in the world in in the United States by
new by new buildings. It brings
elevators. It brings a lot of different
business uh yeah data centers tremendous
that's bring that's that's that's that's
bringing trillions of dollars into the
economy. So those sectors but if you go
and let's say food is not affordable. I
mean keeps going up and up. You have uh
everything that cost five, six years
ago,
>> nobody needs food anymore. Everybody's
getting the skinny shots. I don't see
>> Oh, skinny shots. Okay. So, you know
what the doctor once told me? He said
anything you put into your body extra is
you don't know what the repercussions
are later. Meaning, you don't there's no
there's no long-term.
>> So, you're not into GLP?
>> Not not for now.
>> Not for now.
>> Hashem.
I want to enjoy life.
>> But going Okay, we we're going into
topic to topic. So, so you did the Yidl
you're right the Yidl have essential I
mean they're very good in business to to
put put things together they're very
creative
>> and the Yiddish world you're talking
only construction forget construction
every building today that aid puts up he
could there's every subcontractor
in the building in the business that he
does not have to use an outside source
>> so a yiddesha plumber a yiddesha
electrician aidesha ventilation guy, AC
guy, everything.
>> Everything from cabinetry from cabinetry
to windows to to air condition, heating,
cooling. I did a project, a very large
project several years ago and the owner
was proud to tell me he made like a
celebration when he finished the
building. He says, "I have I used only
high emission sources."
>> Who's that? Who's that? Who is that guy?
>> I don't I don't I never discuss names. I
never bring up
>> one yet gets a $83 million contract for
a building. It could be two dozen yen
have panasa for five years.
>> Uh not five years. How many years a
project
>> in the the way we Yiddish people we have
to go every four I always say we
technically we work two months out of
the year
>> we have pes then we have
>> then we come back and we have miran we
come back then shu then we go to the
country and in between the country I
don't know whatever comes up then we
have rashun
>> tish whatever territory
>> kind of no before kan there's two y we
got to fly and whatever it comes out.
Bottom line, we work about two months.
So basically that's what I think you
know but
she called the big ver last night.
>> Yeah.
>> We were discussing something with him
whatever and he said can we meet up
before he said I'm on the way to the
airport for he's on the way to the
airport
>> last night
>> right because today like we just spoke
about before everything is a necessity.
You need to have a house wherever you
live. Let's say you live in Brooklyn you
need to have a summer house in the
country. You wouldn't tell everybody I
don't have an apartment in Israel. I
need to have an apartment in Israel too.
>> Miami for sure you need Miami. Miami is
out of the question.
>> So now there's five six kabat guys in
Crown Heights that have a big mansion in
Crown Heights. A big mansion in the
country. But you can't go to the country
every Shabba. So now they have in
Pomona. But there's a cooler place than
Pomona. What's it called near Pomona?
>> Montabella.
>> Montabella has a more gisha name. So
Bubba guy last night was telling us that
the Bubba didn't want his friend to buy
in Montabella. So he had to sell it and
lost his deposit. Said but my father has
in Montabella. So he said, "How?" He
says, "Oh," he just didn't tell anybody.
>> It it's but it is there is a crisis.
There's an affordability crisis in in in
in in Claus and I don't think that
nobody's talking about it and I don't
understand why. The only the only pe the
only people I seen in public talking
about it that's making doggish on it
that's really discussing it is from I
see lately about affordability.
>> You mean
very very great uh uh accomplishment
that he's done where thousands of people
eventually will have to live and not
have to pay these crazy amount of
>> $200 a square foot like something like
$200.
>> I heard I heard two years ago I worked
at a company that was loaded with
smears. I left 5 months ago my 9 to5 and
they told me that there was a crazy
meeting on the sat brought in the
biggest developers in the entire sat the
biggest guys and he told them a warning
>> he says if you want me to let my to live
in your developments you have to build
beautiful developments obviously you
don't want them to go bankrupt I don't
know I think the number was $200 or $300
a square foot and that's it game over
and now families are able to afford in
those areas in Monroe they're able to
afford beautiful houses and condos for
like 4 to 7 800,000 beautiful big
apartments.
>> Just to give a context, what is a
Jackson a square foot? If Monro is 200,
what's Jackson? 400.
>> A lot more. I mean, uh, a 2300 ft house
averages between $950 and a million
dollar.
>> But what does that break down to square
feet?
>> Let's figure it out. You have a
calculator?
>> It's a lot more than $200.
>> Yeah, it's a lot more. And then you have
when you're in Central Lakewood already
today, uh, uh, we're not even talking a
house. We're talking a
>> how do you break down? Here's a
calculator. So a million dollar
>> take a million dollars divided by 2,300
>> divided by 2300 equals 43.
>> Wow. Double. It's double.
>> And that's cheap. That's very
inexpensive
>> for new construction.
>> That's very very inexpensive.
>> So why is the satba the only one that
cares about having affordable houses?
Where's all the other debasis?
>> There's a I'm I I I thought about it a
lot. I'm going to be honest with you. I
thought about it a lot.
>> So you're right. I'm vision. My reb is
vision from I'm three generations
vision.
>> What's with the pis? No.
>> What's with the pis? Uh my father was my
father didn't wear a stram. My father
>> you wear straml.
>> I wear straml. The
>> he looks good. He looks very good in a
stram.
>> Okay. So satisfies. Okay. So the
>> and his Rolex. So
>> Oh, okay. Okay.
The the the the the
affordability. Oh. So what I think
Rabbar is is very centered on this
taking care of his people he listens to
a lot
the rebas today areas became very big
that's very big
theas are very big and they deal with
thousands of problems there is so much
crisis going on I want to ask you a
question 30 years ago how many people
got divorced
>> very few very few if somebody my parents
were divorced when I was a young
And it was like having like like looking
at somebody in a wheelchair. No,
seriously. There was such a rarity
stigma
>> stigma that if somebody got divorced was
like it's like the end of the world. But
that's the I spoke to a lot of friends
of mine that in that era that some of
them were divor. It was like an anomaly.
You know what I'm saying? Today lied the
liar. You know, somebody was just
telling me his father spent who knows
what on this and that. Three weeks
later, bum.
>> They don't even give it a chance.
>> Was it 5% 10%? What is the for I don't
know what the the ratio is, but
unfortunately
>> it's a percent. It's it's a percent that
I don't even want to I don't even want
to say it in public.
>> And it's a crisis
>> and these rebas and these raon they deal
with this 24 hours a day and kinaur give
you an example that was 500 people 25
years ago is today 5,000 people or 5,000
people is 30,000 people. It's very very
very very big.
>> If the houses weren't so expensive and
the mortgages weren't so high and they
didn't have to work three jobs, maybe it
would bring down the pressure. There
would be less divorces. It's all it's
all connected.
>> It's correct. It's correct. I want to
explain how much today is to make a kasa
on the low.
>> There's packages now. A lot of daka
packages.
>> Even with the dakona packages
>> 30k you're dreaming 100,000 bucks per
side. That's the minimum. It's
everything is very and then the gifts
the whole gift business I got to give
the kalo this they got to give a m
silver set you know we were 40 years ago
we got two patch and we were happy you
know you know I'm trying to explain we
our whole our whole our whole society
>> standards are very high
>> our standard our standard is today you
know we got to eat in this fancy
restaurant and that fancy restaurant and
this restaurant you know liquid canar is
120 restaurants
>> me and since We're content creators. We
don't we restaurants often comp us. So
that that's one bill we don't pay that
much.
>> That what
>> he's saying we get comped. We get comped
restaurants.
>> We're content creator. So that's one
bill we don't have to pay.
>> That's good. But what if you would have
to pay? You wouldn't go.
>> So had you just back to you started your
your elevator business. Was it a direct
results once you had relations with
landlords and management companies from
the supply you're able to now service
them with elevators?
>> Very very good question. So what
happened was my father already retired
from the elevator industry and and he
tells me why don't you go into elevators
and he said to him yeah but I don't know
anything about it. He said I'll help you
and
I'm not exaggerating and I'm telling you
the way it is. I started this business
with $5,000. I remember I needed to put
down $5,000 for an insurance uh uh GL
policy uh what do you call it general
liability
>> and I started the business and I started
reaching out to contacts from my past
experiences I got I dealt with mostly
real estate
>> and within Barak Hashem within
not even two years I had 200 elevators
on service and then it grew and grew and
grew and then I started construction I
only started two and a two years after I
was in the business.
>> What was your what was your elevator
pitch for somebody to change from their
regular elevator guy to you?
>> My elevator pitch was good question. Uh
the elevator
>> remember in the elevator business you
have to have a really good elevator
pitch.
>> Yeah. So so it's very interesting. Uh in
business what happened
there are all kinds of personalities in
any any every anywhere you go any
business right
>> there's only one complaint click let me
tell you. No, but the biggest complaint
when I went into the business was lack
of service and lack of knowledge.
I once asked a consultant, an old old
guy, he's passed away already. Uh he was
a Yid and I asked him, "Why do you think
that I'm successful in the elevator
business at the time, this was 12 years
ago, 15 years ago?" He says, "Dove, you
happen to be a businessman that's in a
business. It's not because you love
elevators. You don't love it. You happen
to be a businessman in the elevator
business. You understand? You could be
selling cherries. Oh, maybe you'll be
and cherries. What I meant to say is a
person has to you have to understand
what you're doing. A B you have to
understand business. Now, elevators are
very complex business. I I I remember I
just reminded myself I had a customer.
I'm going to go back to topic.
A very large customer of mine. Still
friends with me.
>> How big? 500 lb.
>> No, it was not 500 lb. He
>> said a big customer of yours.
>> Big customer. Big customer is actually
skinny guy but uh
a skinny guy, tall guy. Um but very
successful. Gives a lot of sodaka. Gives
a lot of sodaka
>> and about 75 buildings.
>> Wow.
>> Okay.
And
he told me one thing, Dove, I respect
you very much because I respect you very
because you never always been
straightforward with me. I went to a lot
of elevator companies and I he was my
customer until I retired from the
industry. And he told me that I know
everything about everything in
buildings, boilers, electric, plumbing,
lighting, everything. Facade, I
understand everything. roofing. Only
thing I don't understand is elevators.
This is what whichever way I wanted to
explain. This is a guy
and I'm not I'm not trying to toot my
horn or anything. It's just a very
complex
>> a lot of moving parts.
>> There a lot of moving parts and you deal
with a very difficult industry. It's in
general a very difficult industry.
Till five years ago, four years ago,
there were three hidden in the whole
industry in New York. Today there's 10.
So, and they're all killing each other
and undercutting each other. No, how did
you get that car? You just picked up the
phone and started calling. I'll be
honest with you. And you had a mechanic?
I mean, I'll be honest with you. Till
2016, I never had a salesman.
>> I never had a salesman.
>> How do you get your first customer? I
didn't know you were doing it.
>> I did the sales
>> cuz you weren't fixing the the elevator.
>> No, but but day one you hired a
mechanic. What was your first step?
>> No. No. So, I I learned every step.
>> Yeah.
>> From doing it myself. Let's say I'll
give you an example. uh something broke,
something uh $30,000, that's a big
repair at the time. $30,000, $25,000
repair. I would go down myself just to
see what it is, how they took it apart,
what it is, how they did it, how I
learned every and every major electrical
problem or something that had to
resolve, I studied. I called the
mechanic, the troubleshooter, and I
asked them, "What did you do? What was
the cause?
What was the cause? What was this? What
was that?" So that's how you learn. Now
you could be I'm in consulting today and
I really enjoy it. I give you a funny
story
but are you okay?
>> Yeah, sure.
>> I'll give you a good story. My son is in
healthcare. You know today is the trend
healthcare. Healthcare. My son Burk
Hashem he was uh he was in uh EMT for 5
years very successful in Muny in Spring
Hill and he only wanted to go into
healthcare. He worked for me never
worked out because he didn't have a
passion to it. you have to have a
passion for something. He wanted to do
in healthcare.
And so my son calls me up and he's very
in healthcare. My other son just be is
wants real estate. So he's in real
estate brokerage. So my son calls me up.
I got this quote for $30,000. I'm not
paying it. So I said, "Okay, what
happened?"
>> For what? Elevator.
>> For elevator. Got a quote. He's the
administrator in the nursing home in the
facility and whatever. and he says, "I'm
not paying for this. It's in the
Midwest.
What do I do?" So, I told him, "Send me
the quote. Let me look at it." I look at
it. I thought, "If I was in the
business, I would charge 15 grand."
>> Double the price. Wow.
>> Double the price. I said, "Give me a few
minutes. I'll take care of it. I'll get
back to you." Literally within two
hours, I get back to him. this and this
company will call you tomorrow. You this
is the number and they will they will
give you a price. Calls me back two days
later. They gave me a price of 18 G's
already make $12,000 in two days. Not
bad, huh? So, um he comes back at me and
I say, "Nope, they can go down to 16.
Make it work. Do this and this and it
will go." And guess what? He calls me
back. It's done. 16 grand. So, I just
made a place. $14,000. being that he's
my son and being uh I'm not charging him
just like maybe I'll charge him on the
next one, but I'm explaining I'm being
serious. I've I've seen scenarios where
I've saved guys.
>> I just had another healthare owner rep
owner rep. I have we have we have
clients for instance where where give
you an example they they know me
actually a lot of my clients are from my
elevator business
>> that people that worked with me in the
elevator business we're discussing a lot
about your business background in
servicing elevators and now you're a
consultant people that are putting up
tens of millions of dollars in projects
you could help them getting the right
people to put in the elevators or fixing
the elevators but I'm very frustrated at
the elevator industry my entire life I'm
39 years old
>> growing up in Crown Heights visiting
friends and buildings to go from the
lobby to the fifth floor. It felt like a
45minute ordeal that most of the time I
refuse to take the elevator because it's
just annoying. What bothered me even
more was I would go to a fancy
department store in Manhattan or I would
go to I go to a foot doctor in Manhattan
on the 17th floor by Pen Plaza building,
one Pen Plaza and that building to go to
the 17th floor under two seconds. It's
like boom boom. I'm think why is it that
a building in Crown Heights to go to the
sixth floor is a half an hour experience
and over there to go to the 17th floor
is under a second.
>> Can I ask you another question? Yeah.
How much rent were you paying in this
building?
>> I just want a plaza playing.
>> No, what what I'm saying is that I want
you to tell all my audience which Barak
our audience is growing by leaps and
bounds and we're so proud of our
viewers. Please like and subscribe. Last
week we had on a famous revson and our
viewership and listening u with women
bar hashem is taking off. So we want to
welcome all the new women that are
watching our show.
>> Yeah. Actually, my wife commented about
it. My wife is originally Labavage. So
>> there's no original. Once you're
Labavage, it's for life.
>> Yeah. You know, they say the closest
thing to Judaism is
so if it was true, if it was true, I
wouldn't say it, right? It's a joke. So
it's
>> So So my question is, is that what is it
about the It's all money. That means if
you build a building and you want your
if you want your tenants to get to the
sixth floor really quickly, could you
pay more money and get them there
quicker?
>> Uh the answer is most old preWorld War
II buildings in New York City, right?
The most the most buildings in Crown
House are old. Right.
>> By the way, the new construction
buildings, some of them, no names, no
addresses are not so fast. The
elevators,
>> uh I can't answer because I didn't I
wasn't involved.
>> You're involved in some. I'm evolved all
over the place, but uh
>> break it down for us. Why shouldn't an
elevator always be fast today?
>> Elevators could be fast, but there's a
certain ratio.
>> Okay.
>> You have a building that's four floor.
Let's say a building that's four
stories.
>> You don't need an elevator in New York.
>> Uh you do technically above four floors.
Yeah. You need
>> above four floors.
>> Yeah. But even below today, you need if
you're new building, new construction.
Yeah. You have to ADA compliant.
>> Wow.
>> ADA compliant. And then above four
floors, you have to have full stretcher.
>> No, you need a bigger one.
>> What does stretcher mean? Bigger
>> stretcher. Oh, ambulance stretcher has
to be full.
>> Oh, wow.
>> Full stretcher. So, so no, there's very
a lot of compliance rules today and they
keep coming out with new ones. And it it
basically
>> elevators are extremely safe today
because by the way, New York is the
first in the world in United States for
sure that follows the the first example.
They come out with all the new codes. I
mean, the national code, but they
adopted the first and and then it
trickles down to all the other states.
Was New York the first state to have
high buildings in Manhattan that had
elevator?
>> The first elevator in the world in the I
think in the United States for sure
in Manhattan and a department store in
Manhattan. I saw I I was preparing for
the show. I was watching on YouTube last
night that the the whole entire world of
real estate changed because in Manhattan
when a department store put in a
>> Elijah Otis demonstrated kept kept kept
cutting the cord and showing people how
the safety mechanism works. And also
interesting you're saying one of the
first elevator
>> I think we watched the same YouTube
video which with Elijah Otis cutting the
cord showing how safe it was
>> not only YouTube it's it's it's but also
very interesting that you're saying the
flat iron building in Manhattan it was
also one of the first I was actually
there one time because I was involved
with with the company that managed the
building with a friend of mine and he
told me do you got to come see this this
building had only building I think in
New York City or there maybe were a few
other but this was one of the last the
building worked on water pressure.
So every morning they had to bring in
55gallon containers of water always
ready and filled up with water and
that's how the elevator ran. This was
like a whole day process. I can tell you
one thing the elevator company made a
lot of money on the maintenance there.
But it it was one of the only buildings
by the way I never knew that till 10
years ago. I did some jobs in Manhattan
and Manhattan old buildings that were
really old. I'm talking 100 years old,
80 years old. They had the one of the
first elevators. They had wooden rails.
Those rails were so heavy and so strong,
stronger than steel in some cases. But
the the new code is you got to get rid
of them because of fire fire hazard.
>> But all these eleies have guy operators,
right? Elevator operator operators are
very very rare. Industry City still had
a lot of them in the union. There was a
union for it. Industry City Manhattan
that I don't think there are many left
anymore today. operators. But uh yeah,
there was a whole union on it uh uh that
that that that had operators.
>> I went with my wife to a fancy hotel a
few months ago in Manhattan. We did like
a week a shabas to Sunday night,
whatever. So my brother-in-law points
and this and that. Got really fancy
above my pay grade. And every time you
go on the elevator,
>> you get it from uh central travel.
>> We'll get to that in a moment. Every
time you go in the elevator, the one of
the people that work in the hotel goins
with you and they ask you which floor
and they like open the door and they But
that's more No, that's
>> ceremonial. Yeah. I felt guilty. My
wife's like, "Go get me a diet of coke
from the lobby or go get this." I was
like, "Oh, it's like a whole chaperone
system." I make they have a parasa from
this miser,
>> right? It's only It's a union. It used
to be a union. I don't
>> Some hotels they have tall buildings,
they have fant
>> because they can't get a shot. They do
it and also it's much quicker. You have
a big tall they put the car on
independent and they have somebody run
the car. So when they close the door,
they just push that floor. It goes
straight to that floor. They control
which floor. But go Chasers elevator and
you have two a thousand guests waiting.
It's not doesn't make sense. You need
someone to actually be up and down.
>> Sounds like you gave me a good hint that
we have to talk about our corporate
sponsors.
>> Yeah. Okay.
>> And one of the corporate sponsors this
week is related indirectly to elevators.
So, everybody wants to go on vacation.
Everybody wants to go on vacation.
That's what I do. Vacation.
>> What I tell people is that sometimes
thinking about going on vacation is
painful because you and your wife have
to one decide on a destination.
Two, you have to go to the go on the
internet, defense internet, whatever.
You have to find tickets. Tickets, which
airline, which airport, um the seating
assignment, you have to deal with it.
Get out the passport. It's another two
hours. Then you're going to land. You
need a car rental or arrange a shuttle
to the airport. Which car rental, which
liability, which insurance? Then finding
the hotel. Am I going to get a good
room? Am I going to get a bad room? If I
book it through the third party website,
maybe they'll give me a back room in the
basement.
>> You won't get a room altogether. Let me
tell you all we have AN ANSWER TO ALL
YOUR PROBLEMS.
>> What about the money park club? Do you
have an answer to that?
>> Central Travel. They have thousands of
successful reservations under their
belt. My friend Mishi and his partner at
Central Travel have readymade vacation
packages every day of the week. For
example, Panama City, the dates,
let's say 531 through 64, 5 days, four
nights. Transportation included,
king-size room included, airfare for
two. Everything back home, tax included,
3,300 bucks.
>> Can't beat that.
>> Look at that. Panama.
>> Remember that's three meals in reserve
cut.
You want to go to the Dominican Republic
top hotel, airfare for two, 5 days, four
nights, luxury pool, suite. You get a
suite. Transportation included, tax
included, $49.87.
Gorgeous, gorgeous resorts.
>> Dr.
>> The DR.
>> Wow.
>> You want to GO TO ST. REGES
Play the Carmen, Mexico.
You have over here for two, five days,
four nights. Ocean view. Private pool.
Imagine going to a hotel and having a
private pool.
>> Wow.
>> You don't need any shrimp flight.
Private pool.
Private pool. Airport transportation
included. $4,200.
Basically cheaper than a little chev.
>> Hello. That's That's four meals in a
fancy restaurant. Five meals.
>> You want to get something really
affordable? It's probably cheaper than
staying home. Alter Harbor, Miami,
Florida.
>> Alter. Alter.
>> Oh,
>> air for two
>> king
>> kosher. Oh, kosher breakfast. Five days,
four nights for 1875. I think if you
just turn off the utilities in your
home, it's cheaper to go store and and
for 5 days it's it's and then lunch
>> and they have a beautiful restaurant.
>> You call my friends at Central Travel
now. They have a very large staff so
they're serviceoriented. You don't do
anything. You WhatsApp them. That's it.
It's done. Your whole vacation is
planned in 90 seconds. You tell them the
package you want. You go on their
website. You could go to info.com. You
can mail them. You could call them. You
could WhatsApp anything. Chick. Huh?
>> Info@ central travel.
>> Insulenttravel.com.
You call my friends Misha. You say from
the Clappy and Frank show, you are going
to get the vacation of a lifetime.
Mamish. The best the best service. It's
about the best service.
>> Like we just said, you didn't work two
months a year. So now it's we have we
have two weeks we're working already. We
got to go on vacation again.
>> Yeah.
>> CL, can we talk about that beautiful
silver here?
>> What's going on is is that people say
they spend a lot of money on gifts.
Spend a lot of money on gifts. You buy a
schmata in a fancy department store, by
the time you finish taking it home, it's
worth zero. Zero. You buy a $900 suit,
it's not worth 50 cents the next day.
You buy somebody a beautiful fancy
women.
>> What about the matzas?
>> Women buy shoes.
>> We buy matzas. We make $50 a pound. The
day after yont. It's It's $4.
>> Yeah. What happens? You want to go to a
chevra, you want to go to a wedding, a
bar mitzvah, a basitzvah, you want to
give a gift that not only holds its
value
>> for life,
>> for life, but goes up in price every
day.
>> Hopefully,
>> when you want to buy silver,
>> we're talking about it's only going up.
>> I tell people all the time, you can't
buy silver. You need elite sterling.
There's silver stores and then there's
elite sterling. Elite sterling
>> has the most beautiful, is it called?
Elite Sterling.
>> Okay.
>> Elite Sterling has the most beautiful,
beautiful, beautiful showroom in the
world on 13th Avenue. Then they have a
second location in Crown Heights. Nobody
has the variety, the customer service,
and the pricing that they have.
>> We were there today. Thousands and
thousands and thousands of square feet.
You want to buy?
>> So, the Crown Ice location is much
smaller. You go to the bar place, it
just doesn't end. Look at this gold
modern with gold beautiful flowers for
it says in that you have flowers in the
house and in
>> that gold trim what's
>> now the whole thing is you want to
beautify Hashem and the mitzvah you buy
beautiful silver beautiful flowers from
elite sterling did you check if it's
sterling elite sterling
>> sterling
the young man that owns the store
>> he's not only a a businessman who hires
the most beautiful staff. But you know
what else he does? He's the r of a shaw.
>> Wow.
>> A r of a prestigious. So it's
and the service the service. You come
into the store, they greet you like a
mench. How can we help you? What are you
looking for? What budget? Although
everything is very well priced.
>> Topic.
>> Yeah. Look at this. Beautiful.
>> Wow.
>> I just hope my wife doesn't see this.
She'll, you know,
>> put this back on. Look at this ber. When
you make kesh on a baka like this or a
baka like this changes the whole shabas
changes the whole shabas
nice
>> custom pieces of
>> wow these are really look there's a hand
this is real ham that's hammered that's
called hammered
>> hammered
>> yeah
the best the best of the best
>> good topic you just brought up that
>> regarding respect in business no the
perkyas perkavas Oh, this week we're all
making a sem on the first cycle because
we say a lot of people say it's spiras
the whole summer and this coming Shabas
we're going to be making a sem on perv
because we finished before
now we're talking about respect in
pervator
sponsored by kahhat publication society
who printed this beautiful beautiful
perkava with kazal and midrashim and
agada and beautiful beautiful mentions
of all types
>> don't ask me if I should do with so
maybe in the future people
>> yeah 100%
if somebody learns from their fellow a
or even a even
you have to give the guy respect now
according to the this passage is
addressed to colleagues who study
together and share insights with each
other so a lot of times you have it's
not the rav it's not the maradas so you
think h THE GUY HELPED ME OUT WITH
LEARNING BUT you know a big deal.
Although they were not obligated to
honor each other as they would their
teacher, they are encouraged to do so as
an act of piety. So this is something
very very important in life. You're a
consultant. You teach people how to do
things in business. People that help
each other the the the Mishna is telling
you respect. A person helps you even a
colleague show him direct erits. And
that's what Perky is all about. Ethics
to learn how to treat people nicely and
respectful. That's what the mission is
telling us.
>> Clappy for a
>> You mentioned Clappy on.com
and the Asia book. I saw Mother's Day
was a very hot sale
is a hot sale for graduations. My
friends at Kahos have a beautiful
showroom. You go on their website. One
of these you mentioned the Clappy Capy.
You get 15% off.
>> So we have one more nonfood sponsor
cars.
>> Oh now the country is coming up.
>> I feel clappy. I feel very bad. Dove
drives a What? Why would he drive this?
>> Nobody's business.
>> He he drives a very always hush of a
cars. And we picked him up today in my
Toyota Sienna. So I think he doesn't
have to do Takman for a week.
>> I humbled him in my humble. It's
>> not about the car you sit in. It's about
the person that drives the car.
>> I have a prediction to make.
>> So therefore, I need to get a new car.
>> I have a prediction. I have a prediction
to make.
>> I'm thinking of guess like dove. I have
a prediction to make. That's not good.
>> Yeah. What's your prediction? I think
your car is um is going to be retiring.
It's going to a better place. But the
good news is for all of you watching the
Clappy and Frank show, if your car needs
to be replaced, you're going to have the
most amazing amazing experience. Wheels
to lease. 40 years getting the amum into
cars. I remember the only the only uh
first leasing company I remember is
wheels to lease.
>> They were the first.
>> Yeah. In the 80s.
>> And but you know what their reputation
everybody whoever they're servicing is
third generation.
>> Yep. I remember.
>> So you call up my friend Saul or you
call up Izzy Herman, one of his top
salesmen.
>> They get you into a car in a bodical
way. Within two hours the car was in
your driveway. My friend calls me up. He
says, "Is I needed a new car. I called
your guy. He's smoozing with me. Izzy."
He asks me a few pieces of information
while we're moving. I forgot that I even
gave it to him. He gets the application
approved in 10 seconds. He says, "Two
hours later, they're honking in my
driveway with a new Honda Pilot." I
said, "How much you paying?" He says,
"The price was so low, I forgot to even
like remember." Usually, you feel like
you're getting ripped off. You're like,
"How much am I paying?" The go to wheels
to lease, they don't even feel like
they're paying because the deals are so
good.
>> Can I tell you why they're in business
so long?
>> Why?
>> You just answered your own question.
Because they're nice people. They treat
I I remember my father in the years ago
uh 40 years ago uh buy taking leases
from them for for many years always I
remember always very respectful very
nice people so that's why they're in
business
>> can we move on to the food sponsor
show
>> we have by the way there's a big scandal
going on now I spoke to I'm the
president of a shul my sh made the
policy many schuls made the policy my
friend came out with a new cracker
called the flat cracks
now are storming out of and they're
saying they're baked in Brooklyn.
They're saying if you don't bring flat
cracks to the kdes we're not staying and
they have a reason it's a lot it's a lot
cheaper than fish fish bladders and meat
platters. So if that's if that's the
only uh
very tasty
Now kesha
people are saying I'm being y my entire
kdisha
on chabas with amechy cracker a stale
from 80 years ago today want the flat
cracks and great aerum it has the CRC
which is very good and it has u which is
also very good
olive dipl
>> I love olive dip
>> so you're no
>> so if you want to keep your congregants
change over to the uh flat cracks. Now
comes a very very very special company
that's been around since 19 since 1918.
My friends at Flam Pham also made here
in Brooklyn. So you take Brooklyn
cracker with a Brooklyn olive dip.
>> You're put you're putting me through my
childhood over here today.
>> You tasted it.
Whoa.
I don't know how anybody else could eat
something besides fam. And of course,
their hot tip, which is the new hot tip.
>> Let me get the hot tip.
>> Very professional.
>> I'm professional. I'm sorry. Clappy's
very professional.
>> I'm not into hot stuff, but let me tell
you something. This flam hot dip,
very low calorie. And because it's so
spicy, it gives you in sensation as if
it's much higher calorie.
>> The same flam and the cracker guy both
have the satar and the and the ou the
CRC. Yeah. Go with a good partner.
>> The camm and the antiou and
>> No, you got it. It satisfies everybody.
>> Repove. I was driving to Queens a few
days ago and my wife said she'll drive.
>> Okay. I'm sitting I'm sitting in the car
in the passenger seat all the way leaned
back. I'm not sure if I had my feet on
the dashboard and I bump into your This
is about 3 weeks ago. I bump into your
social media content.
>> Okay. Clap. You miss.
>> Oh, no. Pass it over. Pass it over.
>> Our first.
>> You told me that you're here with your
wife tonight and you want to go out to
eat. I said the only restaurant in Crown
Heights these days that's literally on
the Manhattan level. There's a lot of
good restaurants in Crown Heights. You
mean the Lakewood level
>> on the Manhattan level? CH Butcher on
Troy Avenue. They have the most
incredible chefs, the entre, the
desserts, the main courses. The CH
Butcher is phenomenal. Now, they also
have a butcher shop on Albany Avenue, CH
Butcher, and they also have the frozen
section items, the the flesh stuff that
you can get into the frozen section. So,
the Syrian kibbe, we had on a Syrian
guest a few weeks ago, and he told us it
passed the Syrian inspection. So, CH
Butcher on Troy Avenue, CH Butcher Deli
on Albany Avenue, and their stuff in the
frozen section. Phenomenal, phenomenal
taste, all natural ingredients. Also
great, great. Glacoser under the basin
of Crown Heights. Beautiful. A lot of
people only want to eat kabadita. It's
kabadita kmak yashan bishrell.
Checks all the boxes. CH Butcher. Please
support my friends at CH Butcher.
>> First sponsor ever. first sponsor ever.
>> So, I'm I was I was I was I was having
my feet on the dashboard and I came
across your your social media videos and
I was addicted. Your way of describing
how to win over customers, how to have
relationships with long-term clients. I
watched probably 20 videos in a row. I
couldn't get enough of what you were
saying.
>> You ignored your wife. All right.
>> Sean Bias is another story. with all the
vacations. With all the vacations coming
up and uh all the
>> No, I'm She was probably planning the
trips on the other line.
>> She's not to plan. It's all
>> there's nothing to plan. She was just
thinking about it.
>> You ever said not only they they do the
tickets, they do the traveling, they do
everything. You don't do anything.
>> So, she was thinking which one of these
you have to pay.
>> Okay.
>> So, watching your business advice, it
seems like you have many decades of
experience with working with people. One
of the things you mentioned is that it's
not always about the price. Cuz what
happens is you gave an example of a
story where a guy came in as being
cheaper on a contract on a building for
elevators and you told the guy, "Oh,
you're working with that company for
years." Yeah. Could I see what goes on
in your maintenance in your buildings?
You found out that the guy pay overpaid
about $50 to $100,000 a year in elevator
because they said that they charged for
late fees which are after 5:00. So they
show up 501 every night.
>> Let them say the story. Yeah. Okay.
>> Yeah. Okay. I can give you a lot of
scenarios uh in business.
First of all, I want to ask you a
question. You you're going to a grocery
every single day near your house. Every
convenient everything is a convenience,
right?
>> Yeah.
>> You go to you go to a grocery, you go
you buy your milk, you buy your this,
you buy that, you buy the crackers that
you just introduced.
>> Uh and then the dips. What happens? Four
blocks away, another guy opens up. And
obviously when new people open up, what
what's the first thing they do? They
lower the prices to get the business. So
you if you if you're price conscious
only, right? I'm not saying you're
spending $1,000, you'll save $150. It's
a lot of money. But an average you're
saving, let's say on a on a on a $100
order, you're saving a dollar, dollar,
$2 that you're not going to go
inconvenience yourself. Now there are
two two mindsets in business that I
found where people they they think that
everything I mean business they think
that business oriented when they're
saving another dollar here $50 there $30
there but in the end run on the end of
the line if you're not loyal to that
person that's servicing you and you find
somebody that's a little less we're not
talking strong
if the if the guy if you have a
long-term relationship with a guy and
he's ripping you off. I understand you
should not be do the business for such a
guy, but we're talking about a guy
that's working hard. He has a family to
feed like everybody else and he has kids
to marry off at 9:00. What regardless,
there's such a thing called respect.
Now, I grew up in my generation, you
know, you know, my father used to say
all the time, I was your age, you were
never my age yet. And I was laughing at
him 30 years ago, 40 years ago. Today, I
see how right he was. Like I've come
from a different generation already
because I can't identify anymore with
the young generation. I just don't
understand the way of thinking.
>> You're saying people jump ship for a few
dollars, save a dollar.
>> It's not only jump ship. There's a very
big lack of loyalty today
>> that I see in the world. Why? Because
everything is instant. We went from
having relationships in business, in
family, you know, I still have dozens
and dozens of customers that I wasn't in
the elevator but that I'm friends with.
We talk, we smoo, we talk about personal
things because we're friends. We have a
relationship. We go teach other simas,
right? And then today everything is on
automatic.
Phone, phone, email. You know, you ever
go to meetings? I guarantee you, you
have seen this. How many times you've
been in a restaurant and you see,
unfortunately, it's very sad. It's
really, really sad. I have a rule with
my family, my kids. We go out, the first
person that touches the phone pays the
bill.
I'm not going out with you and burm. No,
no, but I'm being I'm being I'm being
I'm being honest. I'm being honest. It's
true. It's very annoying. So, especially
I went out to a lot of meetings over the
years. The last not so long ago, five
years ago, 10 years ago, what two years
ago, three years ago, I had an incident
three years ago. I'm not going to say
names. I know. And unfortunately it was
a front person and we were in the middle
of a complicated project and and I saw
that my personnel on the job site were
having a very big conflict back and
forth and we saw the the the
the the person managing the project.
There's a developer and then there's a
contractor. The contractor builds for
the developer in some case sometimes
developer loans builds. Depends on this
scenario was the contractor built for a
developer. So the developer is the guy
funding the project and this guy
>> and this guy was literally not on the
job site
>> and things were going off track and this
and that and he cost us tens of
thousands of dollars in damages for the
elevator company. I'm not talking and we
spoke to the other the other parties in
in the
>> relying on the the contracted building.
>> When you're when you're doing an
elevator project in a building, you
know, I I uh um the joke in the industry
is the elevator man is always at fault.
No matter if the electrician failed
this, the elevator man is always kawaii
because it's one of the very important
parts of a business of the building like
like a like like the electric and the
plumbing. So it's it's very important.
The elevator is very very important
because they use it once you pass
inspection to use it right away to be
able to get accessibility in the
building. Take the hoist off a hoist
outside a building could cost you
105,000 a month or something. It's a lot
of money.
>> So having just a a functioning elevator,
>> right? So instead of having a budget on
everything and work with the elevator
company or work with your vendors, they
just they just they're just looking to
save money without even understanding
that there's a there's by the way I
dealt business with a lot of
professional companies. It was a
pleasure dealing with them. Literally a
pleasure. I'm saying corporate corporate
type companies cuz they work on a
schedule. They know you give them a
schedule. There's no screaming. There's
no shouting. They they accommodate you
perfectly. Now I want to tell you there
are some very successful uh uh from
builders very successful and they know
what they're doing they deliver but you
know what they accommodate their vendors
they accommodate the the the the
elevator guy the plumbing guy an
elevator guy needs a shaft to build his
elevator in. Right. He needs electric.
He needs he needs waterproofing. You
know how many times my guys went into
elevator you got to start the elevator.
Got to start the elevator. And they're
working and they're getting water over
their head. You understand? You know,
>> so you're dependent on a lot of other
vendors doing their job.
>> It's dependent on the building now. So I
I had this conflict with this
contractor. I said, "Listen, buddy. This
thing is not working out. You cost us
$25,000. You told us to do something
this. We did the plans. You didn't even
read your own plans." Make a long story
short. I went down to this meeting and I
want to straighten out. I always tried
to be professional with anybody I did
business with. That's the proper way to
do business. You know, you talk it out.
You come come to the meeting. these two
I was with one of my people supervisors
and we're sitting in the meeting and
this guy all he's does is on the phone
texting on the phone that's not the
story that I posted it's a different
story on the phone and I just lost it I
told the guy I'm out of here you have no
respect I I drove down here okay from
from where I lived to to to Brooklyn it
was an hour and a half trip I said you
have a little have a little and first of
all I'm much older than you forget about
the In fact, you just said if you learn
something from somebody, you're supposed
to respect them.
>> He was the contractor, the developer.
>> He was the contract, not developer. Make
a long story short, he apologized and he
and and and we ended the conversation,
but it was this he was like laughing at
me that I was all I was asking to have a
normal conversation and not be on his
phone every 30 seconds. And I walked out
and I told my supervisor that was with
me and I said, "This project is going to
end in disaster.
>> I'm telling you this is going to end in
disaster and this is going to end with a
fight." And guess what? But I had to put
a lean on the building on the end on the
end of the project. This is very common.
Uh very common when somebody there's
nobody to talk to and unfortunately. And
guess what? The owner reached out to me.
The actual uh developer reached out to
me and I told him, "Listen, buddy. I
tried to reach out to you for months.
You at the end of the day, the developer
made peace with me. He paid me and he
apologized and he says, "I know I
can't." What's the takeaway guys?
>> The take away on the phone. The takeaway
is the takeaway is very simple.
>> You have to be respectful to anybody. If
you you know that I have I have
mechanics that work for me 10 years ago.
I still talk to them. And we there's
such a thing called respect. You never
you'll always get so much further with
respect than show I'm sorry showing
power. You could be very powerful but
show respect. though if someone comes to
you in SH saying I have the developer
deal 30 units come and put money in the
deal coming from your side what are
things should people be aware of that
they'll that they will never know since
they're not actual developer someone
says I need to raise 5 million to start
this
>> 40 unit in Brooklyn I want to explain
here's some some uh flags to be aware of
>> I want to tell you I have unfortunately
a lot of friends a lot of friends
literally last night a friend of mine
said to me I wish DOVA would have taken
your advice three years, four years ago.
So, what this guy is not a rich guy. He
had a a nice, you know, he had a a few
dollars put away, nice couple of
dollars. It's in in the millions, but he
took a portion of his money and he
invested it in a syndication. And I told
him, don't do it.
>> It means a development deal to build
>> a developing deal in a syndication. It's
four or five years later, he hasn't seen
a red scent.
>> Now, not saying he won't. He'll get his
money back. But again, when you are
dealing with people that don't have
first of all, you're supposed to do your
due diligence on a person. There are
people that I would be honest with you
that that that that have a a dynamite uh
name. I mean to say they have a a
prestige
uh name out there. They have a they've
been in the business 40, 50 years. They
have funds.
There's no questions asked. They have
reputations. people invest with them.
But o off the record, every person need
on the record, let's say it on the
record, every person can do it all on
his own. You people think that actually
Labava, a very nice guy, calls me up to
a year and a half ago. He put in $2
million into a certain investment in
Florida,
>> a new development deal.
>> No. Yeah. They bought up some property,
>> right?
>> And unfortunately, they sold it. He was
living, he was getting his checks every
month, his percentage, whatever. And
they sold the property. So he had a
whole problem at 10:31 10:31 to to match
that that sale
>> exchange
>> exchange. He went through hell and back.
And the bottom line is I told him, "I
can help you, but it's a very short." He
he came to me already when it was very
late in the game. At the end of the day
is he had to go into another deal that
wasn't so secure, but he had no choice
cuz he his time was running out. They
don't want to pay 50% tax.
>> Yeah.
>> 40% whatever it is. Right. So the point
is a lot of people get stuck with that.
>> And so you're suggesting people
shouldn't invest.
>> And then we also have a sickness also
that we rely too much. What my friend
said this one said that one said
>> another thing I heard somebody telling
somebody a lot of guys that I know young
guys are raising millions and millions
of dollars to syndicate deals and
properties that they're going to manage
and they have a little bit more control
because they're you're dealing with a
guy that actually is buying the
properties and managing the properties.
They show you a very good proposal and
how much money you could project to make
and they're going to refy in two years
and all that stuff. But I was told by a
lot of people 99% of people they send
you a 30-page PDF. You don't understand
it. They just say give me 200k for this
and this amount of money and you say how
much can I make 8% 10% a year and you
get the money for the rest of your life
or you whatever. So people don't really
what they're doing.
>> So are you saying two things I
understood either give it to very long
reputable person in the business and or
do it yourself. Is that what you
>> I'm a big fan always. I've seen a lot of
people that started out very small with
a house, two houses, they bought
themselves. Few years later they they
they bettered, you know, they bettered
the value and they flipped it and they
bought a small building. I mean, it
takes time.
>> Whenever the guys are coping 150k from
each controlling do it yourself, but how
you have to learn the business on your
own and you have to put
>> there's nothing there's nothing to
learn. It's it's it's it's I mean to say
what this guy does know. How many I'm
going to ask you, how many syndicators
do you invest with? And you hear they're
flying private jets, helicopters, uh uh
uh chauffeers with Maybach, I don't know
what you call those things. Maybach,
yeah, Maybox with stretch cars, short
cars, whatever. All this nonsense. And
these things didn't exist 30, 40 years
ago. Even people that were very wealthy,
first of all, well,
>> they're doing it with your money.
>> They're doing it with your money. And
people don't even realize that. Gary
Bernett, the biggest developer in the
world, drives an old Lexus from one of
his you know that Jeff Bezos when 20
years ago still drove a Ford Taurus that
was 10 years old. I'm trying to explain
it's because they didn't they didn't go
in to make money on to go into shul and
tell everybody how wealthy I am. They
they they did it because they had a
strategy. They they created something.
They had an uh they had a vision, a goal
to create something. And happens to be
they got extremely wealthy from it. I'm
not saying but I'm saying if you look at
most people they want to create things
they want to do things uh to to to to
make things um uh to invent things be
creative the word is creative when I
went into the elevator I also wanted to
be creative I wanted to come up with
something uh I wanted to understand it
>> you weren't only money driven
>> I wasn't no it was it it wasn't no it
was about making money the kosha way
meaning to say kosha means uh uh I do a
service let me get paid for it and let
me move on
>> so are you saying any syndicator or
someone raising money for a deal that
flies private jets you would stay away
from.
>> Is that a red flag?
>> I want to I want to I want to I'm going
to be honest.
>> Yes. Look, look at people anywhere,
anywhere,
even it doesn't have to be world,
anywhere in the world, people that are
youngsters and all that.
>> Very rare, they always it always comes
out very bad at the end.
>> Meaning to say, look, look, I don't have
to I I read things. I always see what's
going on. And and and first of all, it's
not a br there's so much anti-semitism
going on today. And I say, you know, you
always talk about anti-semitism on your
on your short chats. I see sometimes
it's funny. Um, but it's, you know, it
it bothers me very much because, you
know, we're out of we were out of this
for a long time. We were out of all
these anti-semit. Why? Because we we
were very
>> it's it's you're not supposed to be gay.
You're not supposed to be uh uh uh uh um
showy. You know, I'm in Europe. I'm very
impressed. I go to Europe a few times a
year and I go to Vienna sometimes,
right?
You know, I I so enjoy this is what yed
you didn't live. This is how yed you
supposed to live.
>> What goes on in Vienna?
>> Give an example in Vienna, right? I have
a friend. I go there. I I I stay there.
We go in the shul there. It's it's like
a community. Everything is like a small
community. It's like 400 families in
Vienna. But everything's low-key. The
shooles. Everything is lowkey. Every the
wealthy guy, the poor guy, you from the
outside, there's no marbles and no kinds
of stuff like that. There's no fancy
cars. very very few. But I'm trying to
explain is there's a certain life.
>> What type of cracker did I have by a
kid? Flat cracks.
>> They might have flat cracks. That that
that's okay. That's a But I'm trying to
say there's a certain uh modesty. The
word is modesty. There is a modesty.
There's a certain modesty because why?
Because they still come from that era
where modesty is important. Don't
overindulge. Don't over that. I want to
ask you something. You see you're living
on a street and this guy is driving with
his this he's flying this and every two
weeks he's he's you know a lot of
extravagance what happens they become
jealous they become envy you know they
they say they create
>> right where is all this coming from
where
>> and then and then when they hear a juicy
story like somebody went bankrupt or
somebody defaulted they feel good you
know oh you know the point is modesty is
very important now I want to explain to
you it it mostly in our I'm not talking
about I'm talking but I'm talking about
big percentage of business people that I
still know today. I mean I'm not we're
not so old.
There are very very successful people.
You don't even know you don't even know
what you don't know where. They're
quiet. They don't talk about it. They
they they they could they they they do
go on nice trips but nobody talks about
it. Nobody it's it's not it's not
something that everybody talk comes into
shul and it's but it's not it's not good
to have uh einhara inhara is terrible um
I think it brings down a lot
>> what about Rolex what about a nice Rolex
>> yeah bring it donated so uh by the way
if I worked hard on something and I
bought it for myself nothing wrong with
it I didn't I didn't I didn't take it
from somebody in
>> you got the message across very clear
about being more hot being more like
reserved and humbled and sneezers to men
also men and flashy. But I have another
question. Because of our extravagant
lifestyles and the pressures of keeping
up with the Joneses, a lot of people are
going into industries that are
potentially controversial.
>> You're very good at business consulting.
So me and Moshi have a business
>> consulting. No, but but you have good
advice and knowledge. Me and Moshi were
business partners on the podcast. We had
a we were gonna he was Moshi was going
to bring on a guy that's doing cash
advances.
>> Terrible business. And I and I said I
don't know if I want to bring the cash
advance thing onto the show. So people
should comment on the show if they want
us to bring on somebody in the cash
advance indust.
The cash advance industry gets a lot of
antise-semitism and a lot of people say
it's a very big however I speak to
people in sh that do cash advance and
they say listen a guy has a business. He
has a pizza shop. It's been around 61
years. It's third generation already. He
needs an entire new pizza oven to stay
in business. He needs $144,000.
He needs a entire new HVAC system in the
restaurant. Wait, the HVAC.
>> Realistically speaking, to get his
restaurant, to continue it in the
family, to give it to the next
generation, he needs quarter million
dollars.
>> The banks are not giving him money. He
has three options. Not do the
renovations and do whatever he needs.
Not not an option because it's not it's
not up to par. Two, the banks won't give
him any money. So, option number two,
take in a partner, his number's not
good,
>> a brother-in-law, and the guy's an
honest guy, so he's not going to charge
him anything, but now he's a partner
with the guy for the rest of his life.
>> Or three, go to a cash advance guy, pay
30, 40%, but after he pays it back, he
didn't give up ownership. These cash
advance guys, by the time they're
telling me how what I think that they're
a sadic, I want to kiss their hand.
That's a deacon.
>> They're helping.
>> Can I the gammoras? I want to learn the
gar. I want your opinion on cash
advance.
>> Okay. So I'm going to tell you I once
was learning Gammorra's once recently. I
was learning Gammorra a few months ago.
I learn every morning shul and I was
learning Gammorra about
>> the ribbus. No I don't do it. I do my
own. So I was doing was talking about
ribbus there.
>> Terrible. It was like it was scared me.
>> And I went over to the RV in the shul he
dominion after me. And I went over to
him and I said I don't understand the
gammoras these these these hookas are so
so it tells you terrible stories. You
know the the famous story of from your
shalim.
>> What's the story
>> where um what was the who was the chief
rabbi of Shalim? Um in the early
1900seld
>> and there was a storyfeld
>> I think it was in his era because I
heard the story when I was a book in
nisha in Israel where where a person
died and they put him into the grave in
in harmoniz
and a thousands of mice came right away.
So they thought maybe something is in
that area. So they opened up another
grave and they found another thousand
mice.
So they don't know what to do. They went
to and then they went to
and same thing. So they went to zon
field and they asked him I'm almost sure
it was him that they said and they asked
him what to do. He says throw him in.
There's nothing you could do. They threw
him in. And then after that they dis
they did a little research on this
person and all his life he took money on
ribbus. Now you you know what I always
find the cash advance guys always
justify their their their um their
>> actions
>> their actions or what however you want
to call it they want to justify oh I
don't give it to a yet I don't loan
money to a yet I don't money to it could
be this guy is a y that you don't know
about or could be this that's number one
let me tell you something 61 years in a
pizza store and he doesn't have money to
buy an oven he should close shop
okay so so So, so that's the bottom
line. Okay. So, he should not be going
because I'll tell you why.
You don't ever pull out of that kind of
interest. Very very rarely that they
that you get out. You could pay up all
that. Uh you said 35% interest. I think
it's more than that. So,
>> depends on depends on the deal.
>> It depends on the deal. Right. Exactly.
On the risk of the deal, right? It's
going to Right. So, so it's a high risk
with a pizza oven and a guy after 60
years can't buy can't put in his thing.
It's a high-risisk deal, right? He's
paying more like 50 60%. Who knows? I
don't know the business. But I I I I
never even uh it it never even um
crossed my mind to even deal with a
person like that. So you
>> meaning to say in business? No, I would
never invest. I once had one time uh 17
years ago I had a story with a guy in
Williamsburg not a from guy Frier guy uh
wanted to me he he collateralized the
the property to build on that property
and he would collateralize the property
to me if I would loan him the I was
thinking about it and at the end of the
day I walked away from it why because I
asked I don't remember or whatever he
said stay away from these things there's
no on it
>> in rivers deals
I'm not going to get into deep uh
conversations here, but a person that's
in this business is not something I
don't think there's a lot of masle in
it. I'll be honest with it doesn't have
to be muslin money. He could be
>> if one of your children told you t
instead
>> I want to go into the cash advance
business.
>> Stay I would stay away from it. I'm sure
was alive. He would tell somebody walk
away from it.
>> I went I used to go to a every week from
Crown Heights very popular.
>> Oh okay. He said that if you speak to a
guy, speak to a guy as a 24 years old.
You ask him what industry do you want to
go into? He's like, "Oh, I love speaking
to people and helping people. I want to
become a psychologist." Another guy
says, "You know, children are so
innocent. They're so pure. I want to get
a masters. I want to go into uh
education or special education." He
said, "I speak to so many young guys.
They're like, where could I make the
most amount of money in the least amount
of time?"
Doesn't that tell you that something is
wrong?
>> So, no, he it's a big problem. So, a lot
of guys today are finishing yeshiva.
They're 22, 23 years old. They're
staying in B for an extra year or two.
22, 23 years old. They come out and I
speak to these guys at Shabas Meals. My
sister has boys that age. I speak to the
young guys today and they say, "Listen,
I see my friend. He left Yeshiva last
year. He's doing it for 10 months. Moved
out of his parents house. He has a nice
apartment. He's driving a nice car. He's
wearing a beautiful watch, you know,
rorowex or patek or whatever. And what
am I going to govitz for $80,000 a year
doing some faka office job? I want to be
able to raise a family. I want to be
able to make a parosa that a lot of the
guys are going into the cash advance
business.
>> You can also do lending money.
>> But this does doesn't this tell you
nothing comes a person comes down to
this world to struggle. Doesn't mean he
has to struggle with money. Doesn't have
to be it means everything in lie. Hashem
created that way. Not not everything
comes easy, right? If everything came
easy, you wouldn't you wouldn't
appreciate anything, right? If you got
married and and all your kids are
perfect and everything, there would be
no challenge. There would be you
wouldn't have to come to chev you know
my from the deba so from the daughter.
So so we're not so my grandmother wasn't
from the levium but but but her maiden
name was Londo because the
>> so she once told me the story years ago
and the had two son the daughter had two
sons. One was a RV and one was a very
successful businessman. When the RV told
the mother, "I'm going to live in this
this very wealthy town. They're going to
support me. I have no problem with
money. I'm going to have no problem with
with financial issues." The mother
started crying. She says, "Mama, you
should be very happy for me. Why are you
crying?" He says, "My son that's a
businessman has to get up every day and
ask Hashem, please help me to be within
and and say and all that
to to to be successful." You are not
going to have that same bush from
Hashem. Ask Hashem to help me. So that's
what I'm trying to explain. When
somebody goes to the cash, automatically
something is wrong.
>> Doesn't make sense. It doesn't make
sense. Why? This is the problem. This is
our society. A guy I want to ask you a
question and you're intelligent guy.
You're you've been around the bend both
of you. I want to ask you a question. If
a child in walks on the street and talks
about a guy, all they talk about is this
guy went on his private jet and he's
here and he's there and he's flying
helicopters. Give an example. Right. So
what is this about ah let me I want to
be like that too. So you just answered
your question. the minute he comes out
of yeshiva gets married I got to make
money I I got to be that that because
that's what everybody's talking about
that's the trend it's very sad it's
extremely sad that that's the trend that
people talk about that this is what brim
children they don't understand they're
not educated I when I see a person like
that I say no serious to be honest I
have on this guy you know you could do
so many good things you you're going on
a private jet give an example just
you're going to private jet to Florida
to Mexico I don't know where to to to
Israel You're spending hundred. I'm not
saying somebody is very wealthy and
successful and he worked hard and he did
this all his life and he's a private
person. Okay. Nobody but nobody talks
about it's not it's not it's it's not he
doesn't he doesn't uh advertise himself.
He doesn't flaunt it. He does it in this
private man. You
>> ever flew private or
>> No, never will.
>> Never will.
>> I I I I mean I don't know. I mean I I'm
going to be I'm going to be I'm going to
be I'm going to be I'm going be tell you
uh something that happened during co uh
you remember nobody could leave their
houses then they only private people can
fly and my daughter
>> my kids were my uncle was stuck in the
house my daughter had co my co and this
weren't by me so we deciding everybody
was going crazy I said maybe we'll take
a private my daughter says maybe take a
private jet to to Florida we'll all go
to and I thought for 10 seconds it
wasn't that expensive it was I asked
somebody it's not there was a lot of
flights just sitting in
And I said to myself, I reminded myself
from that story my father told me. It's
a very good story. He used it all the
time. It was a very my father looked up
to all his life. A very
and he lived in Muny and he had very els
mid early 80s. Everybody had air
conditioning in their houses, right? The
wall units, the the window units, the
the my father went after the war and
then came to America. They would they
used to sleep on the fire escape.
There's no air conditioning. It was very
expensive. So my father told me this
year the kids used to say tata
air conditioning it's very hot.
>> Can't breathe.
>> Can't breathe. So the father went
and he bought a big wall unit. He puts
it in the dining room and before he
turned it on he said kind remember I'm
going to turn this on but we will never
be able to shut it off again. What's the
meaning of it? that once you start with
something
>> it luxury
>> it becomes a necessity and then what
happens and what happens you're not
making money and what happens you're not
>> you're not unplugging the air
conditioner
>> you're not unplugging the air
conditioner and what happens
>> the electric bill comes out
>> we just said before divorce starts that
starts this start because the person
loses his mind he goes crazy and neb and
you know then this starts and that
starts and let's I I can go into
conversations for 10 hours I won't
finish so the the Point is that you have
to know where your boundaries are. So
guess what I thought about. I told my
daughter it's not happening. It's not
happening.
>> You're saying at time
>> I don't know. It wasn't a lot of money.
It was 10 grand. It wasn't a fortune and
it was no problem. I'm saying but you
know what I said? I'm not doing this.
Now you have a person with means and you
have to know how to use your means,
right? What is corporate jets all all
about? Either you're extremely you're in
Forbes whatever. Okay fine. you're a
corporate guy, the company pays for it.
Okay, that's another way. And third, if
you have an emergency medical, a medical
emergency or somebody is very ill or
he's not well and can afford it. No, I
have friend I have a friend of mine that
is that the family was going through a
cancer situation in the family and they
wanted the the the their family member
to have a good yontiff in Israel. So,
they took him on a private jet because
he shouldn't be uh exposed to any jer be
sitting in a little Exactly. But that
but that's but again to but to to to
emulate this and and talk about it and
and and and
>> finalize it.
>> You know how many times a month I go to
a restaurant?
>> How many times? Ask me a question.
>> Once five.
>> Maybe once a month. Maybe once at a
fancy restaurant. Why? Very simple.
I don't It used to be
>> your wife's a good cook. That's why
>> that's besides the point. Uh, no. But
I'm trying to say, you know, sometimes
you want to go out to it's it's it
became unaffordable.
>> It's not it's not that we can't afford
it. It doesn't make sense. When I ask
you, you take you go out with your with
a wife or with with a friend. It's $400,
$500 for sure. Used to be a hundred
bucks, $75. We're not talking 100 years
ago. We're talking five, six years ago.
>> Could you get some tips on bias? I'm not
I'm not a I'm not I'm not a I'm not a
certified uh therapist. That's fine. But
therapists are they want you to come for
20 sessions. They don't say the truth.
You're going to say the truth.
>> A few tips.
>> Say the truth. Bashem 31 years married.
Bashem
>> and some tips.
>> I tell you just
>> and also you said your parents are
divorced.
>> My parents are divorced. But
>> did that help your marriage or make your
marriage worse? No, it helps your
marriage that um
um let me explain better.
When when anybody goes through something
in life, right?
>> Traumatic
>> traumatic anything in life, right? You
want to always try not to emulate that
to your other children. Correct?
So
um the key the when I'm I'm thinking
while I'm talking the the key is the
same thing with business by the way same
thing with people personal with
relationships you have with people you
can have a relationship a toxic
relationship with someone and you can
have a great relationship now it takes
two to tango they always say right but
I'll tell you a good joke and that I
think will explain it all
somebody was sitting with somebody in
the car I was actually in the back seat
and this guy was a businessman
and he was sitting with his partner in
the front and I was sitting in the back
and I was listening to them talking and
we were going to a meeting.
>> A partnership is similar to a marriage.
>> No, they were both partners in business.
>> He's saying in general a partner when
you're spending a lot of time and you're
making a lot of decisions together, it's
it's almost like similar to a marriage.
>> Correct. Right. Right. These two
partners were sitting in the car in the
front. I was in the back also. We're
going to this meeting and
this guy, a customer was on the phone
with this guy, another business
associate, and he said, "Yes, sir. I'll
take care of this. I'll call my office.
We'll send out the information and blah
blah blah blah." Fine. And this guy that
was sitting in front of me was twice
divorced,
but this friend was his friend since
they're kids, so they could talk
whatever slang they want. And he tells
the other guy, I was just laughing. And
the guy tells the other guy, "Let me
tell you something."
I don't the guy's name, I won't say the
guy's name. Said, "Let me tell you
something. If you would put the effort
you just did with this customer that you
have for 10 years that everything he
does, you jank it, you you dance for
him, you do something, if you put that
energy into your marriages, you'd have
had the best marriage in the world."
>> Wow.
>> So, what does that tell you? A marriage
is a job 247
uh seven days a week. A job is Monday
through Friday or sometimes even some
people work on Sunday. By the way, the
elevator business was literally a very
very uh tense business to be in.
>> Intense
>> because intense I'm sorry. Intense
business to be in because it's a very
>> 24/7
>> for high-rise buildings out of an
elevator. They're very angry,
>> right? So even though I was an owner and
I had a lot of employees at the you know
many times I would get the the the third
degree it doesn't matter and I used to
tell the guy but the office didn't Yeah.
They got back to me they your service is
very good but I I need from hear from
you there's never and that's
relationships and I need to hear from
you. I I I know you're the one that
that's going to pull the button push the
button. So, so I said, "Yeah, but
they're doing everything, but it's not
going to happen any faster because I'm
not, you know, they're doing what
they're doing." And I used to give
updates, but that calmed the person.
Same thing. Marriage, everything in
life, obviously, friendships, everything
in in in in life has to be where first
of all, respect. What did I say?
Respect. The first day in business,
there's a tremendous lack of respect in
business today. Tremendous.
>> I'm not saying everywhere. Please don't
please don't generalize but there are a
big percentage of people young like he
just said a young generation that does
not have uh
>> you know why I'm thinking now while I'm
talking you had business partners or no
>> one time it lasted uh four months
>> somebody I know somebody I know had a
business part had a business with two
partners and they broke up and he bought
out the other partners whatever
But he was telling me that he met with a
litigation guy. Met with a big
litigation guy.
>> Lawyer.
>> I don't know if the guy was a lawyer,
but big in litigation that always people
respect and advise and he's going into
thousands. He tells the guy, "I've never
ever ever ever ever seen a big business
with partners that everybody gets
along."
He said in his experience, they bring
him in for their problems. But I'm
saying is how often do business partners
really get along?
>> Can I tell you something interesting?
>> We're together how eight months so far.
>> Okay. Can I tell can I tell you
something interesting?
>> Can I tell you something interesting?
>> There are partnerships that work.
>> First of all, you have to know how to
structure your partnerships, right? If
you have a rule in place, not when the
company had zero money and they became a
very successful company and then you
wake up and start doing the that's too
late. Usually, you're supposed to start
it in the beginning. Somebody has a good
idea, you come up, you come up with a
strategy, you put it in writing and you
write it up and you have a a clad
ironclad contract ironclad contract in
place or an agreement doesn't have to
be.
>> Now also partnerships work very well.
There's a lot of partnerships
unfortunately. Guy comes, he puts in his
own $34 million into an idea. The guy
sold him the Brooklyn Bridge saying,
"But the Brooklyn Bridge worked out, you
know, and
and what happens is I had this in my
company, too. Unfortunately, I had
people that I worked with over the
years, employees. I'm not talking uh
partners, employees, the way I paid them
hundreds of thousands of dollars a year,
very comfortable lives." And what
happened was unfortunately
they become they think they own you
because they let's say they're a little
successful what they're doing but buddy
you didn't put in the money. You didn't
sweat. You didn't grow this company. You
didn't uh so so
>> picking back piggy backing
>> right? You didn't you didn't do all
this. You did you weren't up nights
because of the XYZ. So what you know
what today's generation unfortunately is
entitlement. They all feel they're
entitled. So what they do? They they
come in in their head. They justify.
Oh, I'm only going to do this and this
behind this one's back. But it's
justified in their way. You understand?
Every find everybody finds a
justification. You go chatting and you
find justification.
>> You hired your competition basically.
>> Yeah. But but
>> who said that? We had someone
>> We had somebody said you hired and paid
your competition.
>> Oh, I know. Zie Freriedman Amazon. He
says the problem with hiring a firm guy,
>> by the way, you're right. that you train
and you hire, you pay for training and
then it becomes your competition.
>> But but again but but but by by but by
but by but by but by but by but by but
by but by but by the way you you know
that I want to explain I want to tell
you something.
>> Is that true dove?
>> 100%. A thousand%
>> and how you avoid that or it's
unavoidable.
>> Uh very good question. Now
>> and is it is it ethically okay to leave
a company where you learn to hold
business and then open up as a
competitor? What's your opinion?
>> Ethically.
>> Yeah. What's your opinion? Ethically, I
would say,
you know, you're reminding me of
something. I'm sorry I'm going off
course.
>> No, no, no. Let's focus on that cuz I
know I know it's a topic that you
>> I have a very good friend like a very
wealthy friend of mine in the elevator
industry.
>> This guy makes millions, very successful
guy, hands on just like I was when I was
in the business. And we're very good
friends. We even talk literally every
every every week or two we could smoo
and sometimes we meet.
>> Were you such good friends with him when
you were competition?
>> Yes.
>> Okay.
>> Yes. Yes. 100%. 100%.
>> Most successful business people are
friendly with the competitors. If they
can't cover for something
I had relationships with people in the
elevator business where
>> people have this idea that you're in
business on each other's necks. It's in
our business right all the deal.
>> I get I get along with everybody. you'll
the more you get along with people, the
more you make.
>> You know what? I'll tell you even
better. I have a guy, a salesman of mine
that worked for me, was very loyal to
me, and he took over my construction
part of the company. I gave it to him. I
I I walked away. I just I don't I I I
couldn't do the grind anymore. You know,
I couldn't when you can't give something
110%.
>> The new construction part.
>> Yeah. I I So, so he's very good. You
should know. He calls me a sometimes
here and there. He's very experienced.
He's been with me for 10 years or eight
years. And he tells me sometimes he
says, "What do I do in this in this
case?" I tell him, "Do this and this."
The guy will help you. Don't worry, just
tell him I told you. And he says, "Wow,
do the guy told me."
>> But you know why? Cuz I respected that
other person. I always had respect. I
never you know,
I want to tell you I want to tell you a
very important I want to tell you a very
important point over here.
>> Yeah.
>> This guy asked him recently. I says,
"Let me ask you a question. I'm
consulting as I was consulting some
projects for him.
and he was very fairly priced. So, and
he's a good he does a good job. So, I
asked him, "Why does it bother you so
much when you find out that a customer
that you have for years is going trying
to price it out with someone else?" He
said, "Dove, I'll be honest with you." I
told him, "Why are you why are you so
childish? I mean, business is business
and move on." He says, "Dove, that's not
what it is. Some people, especially when
you're in a personal type business,
elevators is a personal type business,
right? Jewelry is a personal like that.
You know, the customer comes to you,
right?
>> It's not a commodity.
>> Yeah. It's different. There's different
sales, you know, grocery, you know, you
you know, grocery. Yeah. One customer.
Yeah. So the
>> But this is big money. So he told me
when I give somebody 110% loyalty, I
expect it back.
>> You understand? You know you ask if you
have an employee that feels he wants to
open up his own company that you just
that you trained and hired him and it
interesting to the whole world. Is he
have the right morally to now open up a
competing business? Yes or no?
>> Morally would be like this. If he was
going after your specific business and
your customers obviously it's common
sense. I don't have to tell you it's
ethically or not. Right. First of all
it's not if it's a year to there's
nobody to talk to. I'm saying but to
>> he looks his own business.
>> But I can tell you one thing and I'm you
can publicize it anywhere in the world.
>> Yeah.
>> I am gonna tell it to you in writing and
you tell me if I'm wrong.
>> Podcast is good writing.
>> I don't care. You can publicize us in
any way you want. Wall Street Journal.
the the the the the point is go after
every person
that that took away that did unethical
things against somebody that helped him
or did the right thing for him is not
and I don't care if you're going to say
not money is not everything is not money
he's not with anything I don't care I
don't care whichever way you want to put
it take any person that I'm not saying
sometimes there's conflicts sometimes
family I'm not talking about that no
good comes out of it how many people I
want to ask you that I know
>> that the father died and they fight for
the for the yushia that they didn't
leave a proper yusha guess who wins the
lawyers that's it the lawyers get very
very wealthy and usually 95% of the
money is gone by the time they finish
all this litigation the same thing is
with when you hurt another person in
general I'm not going I don't
>> you're going to flying him here.
>> Dove, if you're going to spin off,
>> take my analysis and you'll see I'm
right.
>> So, if if someone is going to spin off
their own company, they should not go
after the old book of business.
>> First of all, there's there's a few
things to way I'll tell you. Is that
what you're saying? When my father was
toning down his business, L Marshall,
right?
>> Winding it down.
>> Winding it down, right? I mean, I mean
toning winding down. When my father was
winding down his business, he was he
wasn't so well. He was having uh he was
having health issues and one of his taka
his mechanics came over. Natt, can I
take over these buildings, these service
buildings? And my father said, "Yes, you
know what? I appreciate you asking me
first." And not only that, you know, my
father did, I was very touched. My
father picked up the phone, called up
the custom. He says, "Please, you could
take over this." And this guy, his name
was Kano. I remember the name now. Kano,
by the way, he also died. He died of a
heart attack on the golf course uh 10
years later.
>> At least he died while enjoying himself.
>> Yeah. But uh uh but he was a nice guy.
But I I I learned I learned, you know, I
I asked my father, "Does it bother you?"
No, I'm toning it down. I'm going I
mean, I'm winding down my business and
you know what? Why? The guy was good to
me. Why should I be good to him? Same
thing as my salesman that was in my in
the elevator business. I sat down with
him when and I told him, "I'll help you.
I'm here to help you and I and I would
send you customers day and night. I have
no problem. Anybody all my friends I
send business to. I send in the
consulting part. I always send business
to them wherever I can. You're bidding
things out.
>> I bid things out. I'm not It's not I'm
not giving them the business. The owners
I never make decisions. The owners make
decisions, but I have a tremendous
liability. Meaning, if I re if I
recommend somebody, I have to take aas.
I'm not just going to give a guy a
company that I don't feel that's
reputable. Uh but and and and but I
always let the owners make a decision.
It's their feeling. It's their
>> Okay, we we picked you up from a
building in Burough Park. I think that
square area is where all the square
Brooklyn Square, it's all happening. So
besides you being
>> has to be I put in a few elevators there
over the years.
>> So besides for you being a big big
business consultant your hands are on
the ground.
>> I don't go on the field so much. Not
necessarily.
>> You're around business people all day.
All day all day talk to me.
>> So people that are watching our show
always says we're an education show.
We're teaching people about business and
about life. You gave us a lot of
business advice and a lot of um life ex
things and a lot of Torah and your so
this show is like a hybrid. We brought
up a lot of important things. Somebody's
23 out of yeshiva. You say strongly tell
them do not go into cash advance. You're
hanging around business people every
day. Give us
>> anything to do with ribbon. I'm not
talking about I don't want to go through
circles with their cash advance. That's
that was our straight up ex stay away.
Now you were around successful people.
Give us I'm going to do a Mishi. Give us
three businesses that young coming out
of Yeshiva getting coming out of Kwell.
Three businesses that you would say it's
a field or an industry that you should
go into. Mishi, I'm sorry for stealing
your line. No, I'm happy I taught you
today's
>> Yidden are wheeler dealers. History has
shown hundreds of years if not till till
you can go back
>> thousands of years
>> thousands of years. But I'm saying uh I
was in Europe um about uh in Poland and
I went to the Warsaw Museum, Jewish
Museum. I was there for actually I met a
whole bunch of Ed Yidden there. I was
there six, seven hours. the the Lauder
family donated very beautiful building
history 800 years in Europe and I lit
I'm very into history Jewish history the
war my father always talked to my
father's a war survivor my grandmother
you know so I am into the war I mean the
history of the war and I mean before the
war and so I was going I was in in Bara
and went went to the museum went through
the whole lineage of the what they did
and what they would and you realize why
why are most Jews in Brooklyn started
out in land very simple they came off
the boat and they right away started
doing biskar business that's why in the
lower east side there were so many Jews
from the 1800s still they got off the
boat the first thing they do was
business
yiden I've come a long way kinahara
the last 10 years with with 15 years
with with uh with with um technology
technology
>> e-commerce
>> e-commerce technology and geishta does a
lot of very successful yen doing normal
things you You don't have to go into I I
have a nephew. He's very successful
today on Amazon selling uh certain food
food products where he studied it for a
few years with a friend. He was doing
other things, you know, to make ends
meet, but he ended up being very
successful in a certain niche in in
selling on Amazon. I'm not Amazon, maybe
eBay too, but uh e-commerce.
>> You're saying e-commerce could be very
successful.
>> It depends what a lot of guys are saying
no, it's not a business today because
Amazon is doing restrictions. I think
there's always the misker. Misker means
>> Dolly Friedman says you can still make a
lot of money on Amazon.
>> 100%.
>> You guys just buying kicker lend me.
>> No, the anything that has a lot of
exposure is a lot of service oriented
business.
>> Service. Okay. So, one is e-commerce
service oriented business.
>> Service
>> like elevators.
>> Not like elevators.
>> But you that's a service industry.
>> Exterminator.
>> Exterminating. Uh uh electricians. Uh uh
you have electricians. You have
plumbers. Plumbers make a lot of money.
plumbers, electricians, uh roofers.
I'll tell you a funny story. I had I was
in Mexico and I was in I was in Kabad
Mata. I was smooing with a sakmaring
man. I said, "What are you doing?
Roofing." I said, "You know, we're
looking for a price on a roof over
here." And I got this price $65,000.
This price uh $62,000. It was in a rural
area. So, a friend of mine was looking
for a roofer and and so I he said, "No,
I'll call you." What? Make a long story
short, he called a friend of mine,
whatever. and he gave him a price of
less than $40,000. Point is the yidl are
very capable. They have a lot but then
there's another problem we we we suffer
from in the Yiddish world that there is
no again there there is no loyalty in a
lot of in a lot of scenarios I'm talking
between us somebody goes into the
service business you're supposed to like
I
>> loyal loyalty is loyal being loyal
profitable or unprofitable though what
do you think
>> loyalty is very important very
>> profitable or unprofitable
>> very profitable you know why you know
why because if you have a relationship
with a guy and you know already all his
he knows you know his you know his
strengths. So, you know, where where,
what, when, right? For if you're only
going to save money or to cut out a guy
just because he's a few cents cheaper.
I'm not we're not talking significant.
We're talking and or or split the
business between a few people. It's
normal. But to to to just drop somebody
I've se and I've seen it. It's becoming
a trend.
>> That's interesting.
>> People complain to me. No, I have
friends that always I I have I have a
guy that does sheetrock.
>> He said I closed the business. and a guy
who was in business 20ome years. I asked
him what happened. He says literally
this year comes in and cuts me off 10%.
The next guy go another everybody's
desperate for work because it's a little
slow now. The market is not as good as
it was. So what do the developers do?
They take advantage of that of that of
that. But that's scenario but that's I
want to ask you I I asked one of the
developers I want to ask asked you I
asked him a question just off the he
wasn't a customer or anything even I
just asked him a question said is this
going to make you rich? You're doing a
$30 million project and this this part
of the business, let's say, is a million
dollars and this guy is a million1.
Isn't that really going to make such a
big difference for you when you know
this guy is going to deliver and this
guy you're not so sure for that
$100,000? And what happens if the guy
screws up in the middle? It's going to
cost you a million five. You're right.
This
>> What did he say?
>> He says, "You're right, but I have I
have partners. I have this. I have
that."
>> Syndicators.
>> I'm a syndicator. I have to this. I have
to save. Ah, so you mean I'm trying to
explain I want to say but go ahead. I'm
sorry.
>> No, no. To your point, I I have a
marketing client, my Instagram account
that I that I promoted, which is a 3PL
warehouse,
>> which is 3PL means that it's warehouse
as a service. So instead of renting a
warehouse, you just rent per pallet, you
pay X amount.
>> Yes. Yes. I know. I know some of my does
it.
>> So I put I put it on my Instagram. I
thought I'll get three people to respond
because it was it was a very sharp
pricing because the market's slow now.
It was like 50 cents a day. I got 50
people.
>> 50 cents a day a pallet.
>> A pallet. I had 50 people message me on
Instagram, strangers wanting more
information. They're ready to drop their
warehouse guy in a second. 50 over 50 to
go to cheaper warehouse. To your point,
my imports air condition. He's in the
appliance business for many years. 30 35
years. So, he buys thousands of air
conditioners before the summer, you
know, for for wall units and stuff like
that. And he told me that that that that
pallet today uh like you said is so much
cheaper than owning your own warehouse
today. It's comes out a lot cheaper
somewhere in Connecticut out. It's not
in the
>> It's always in the outskirts out. Yeah.
But again again but I can tell you right
now that this guy with the pallets I
don't think he's making money.
>> He's just he's probably filling space
>> till the economy changes or whatever.
You know how many truckers never going
out of business?
>> Well, it also depends what you bought
the warehouse in. If you've got a very
cheap deal, you can fill it up with
three people.
>> Also, if you have computers and and and
and
automation
>> and the automation does a lot of the
work, then then it might be it might be
I'm not in that business.
>> To your point, 50 people message me on
Instagram for a brand new warehouse.
They're all ready to drop their existing
vendor. But again, for
a question, zero loyalty. Okay. But
dear, it's a there's a little different
scenario. If a guy is spending, let's
say a very large company spending
$100,000 a month in warehouse fees,
let's say, and this is 30 or 50, it's a
lot of money. You have no choice.
>> Oh, so then then loyalty out the window.
So So where do you draw the line? What
the proper person does, I've had it many
times in my business, by the way, where
somebody sold the building or or or
let's say he left or he whatever
transition change or new management,
he'd call me up. I had it a few times,
not hundreds of times. I had it maybe a
dozen times in my career where somebody
would call me up and say, "Mr. Glick, I
loved your services. I loved you. I want
to thank you for everything. They're
taking over. Try to work it with them
and take it from there." Nothing bad,
nothing good, but that's the right thing
to do. You call the guy. Then I had I
did have scenarios in my business. It
happens to everyone where let's say I we
bid it on a price. I mean, we gave a
price. The normal thing is to check out
to make sure you're within range even
though they're loyal to you, right?
and can you come down $10,000, $15,000
because I wanted to be in within range.
No problem. And they would give me the
business. They told me if you come down
to that number, but they weren't trying
to because they showed me the other
bids. That's normal. Okay, fine. You
know, finally we're negotiating with the
sponsor and he said, "We want to sign a
year deal with you for our show."
>> Big company.
>> But he said, "I want to have the option
to extend. I want to have first first
rights of refusal." To your point,
>> but because you mentioned it, I just
want to say something. When we come on
the show every week,
>> what are you showing?
>> We're Mitsm going to be selling the
rights for us to hold a cup with a brand
across the cup every single week. The
same company. So, we're in contract with
some
>> contract. We're in the early No, no.
We're in the early early early
negotiation
um with a very very very large
prestigious company that the from world
is eating up. Not it's not food, but
they're eating up the company.
>> Wow. Surprising. Wait. And the guy, we
went to meet the guy yesterday. We drove
down. He said, "No, we could do it over
the phone." And Moshi said, "No, it's a
big deal. We want to come meet you in
person." Very guy. Very, very Arabic
guy. Him, his rabbits and his children.
Very
>> happy. How many people did he meet in
the past 10 years?
>> He said he never ever meets in person.
He said maybe one to three, but then
when you were pushing him, maybe only
one. I don't The kids are
>> He said in 10 years he's doing business
though. He's a huge business.
>> Huge.
>> He only met in person two or three
times.
>> He couldn't even identify who they were.
The kids are No. So, we're I'm just
letting everybody know that we're going
to be having a corporate sponsor where
the mug is going to have
>> You have to hold a mug of lock.
>> Every time I want to drink, I drink it
out of them.
>> Who's going to sponsor the coffee?
>> Hey, who said coffee going to be in the
drink? Who said? So, anyways, I'm
letting everybody know that something
big is about to happen.
>> It's a good thing that means Basham.
>> But he he had he he said, "I want the
first right of refusal." To your point,
>> it's going to be a year contract. It's a
year contract. If you're going to leave,
I want to have the first call me before.
>> Oh, I I mentioned it because you're
middle of a sentence. You were saying
that it's normal that a customer will
price it out and maybe come back to you
and say, could you match the price or
what am I do? What are you doing
different?
>> Everything you can do in business you
could do with like a kaya like a like a
like a mishuga and you could do it like
a mench. Not everything is a marriage.
Something's and by the way marriage is
also that's why there's
okay. So everything has but you could do
it in a nice way. You could do it in a
respectful way and you could do it in a
knowledgeable way. I'll tell you one
just reminded myself I was talking about
it today
about 20 25 before I was in the elevator
business 30 years ago I'm sorry 30 I was
a young guy I wasn't so experienced you
know in those days I don't know if today
it's so popular who's what's your name
Mr. Schwarz uh Mr.
whatever so I grew up in that generation
it was more of an older generation you
know Mr. formality
>> form of formality.
>> So a friend of mine came to me for
shabas. I was living in Muny then and
and he came to me said oh my brother
after Shabas I'll call you whatever fine
calls me up he says my brother I can I
my brother has manages 85 buildings big
company very very big company uh Syrian
family and he said to me my brother he's
the CFO of the company he I'll call him
for you and no problem I went down to
Manhattan I remember the east side and I
met with him in this big office there
and he met with me and he said give me a
call in two weeks Friday. This is one of
those guys that can handle 300
transactions an hour at 45 emails. And
remember,
and I said to him, "No problem." You
know, two weeks later, I was very raw. I
was in my 20s and it was uh I was very
raw in business, you know, but one
o'clock Friday. I called him, pick up
the phone. Secretary, who's calling? Uh,
can I speak to Eli? And he says, she
says, "Who's calling?" Mr. Glick.
All right. Five minutes. I'm on the
phone waiting, waiting, waiting. He
picks up the phone. Hello. You call
yourself Mr. Glick and you call me Eli.
I don't do business with narcissist
people. Slam the phone down and I'm like
turning cold, white, green, like what
the heck did I do? I didn't even know
what I did wrong.
And I thought about it. I thought about
it. I I I was so raw that I didn't And I
told somebody the story. I I think I
called my brother. My brother's an
accountant. And I called him. He says,
"Yeah, you call you don't call somebody
by his first name. You call yourself
mister. That means you're superior than
him."
I want to tell you something. Since
then, I never called myself Mr. Glick.
Ever. If you look at my emails, my my
even my signature never had a a title. I
My name is Dove Glick. I Every time
somebody calls me Mr. Gick, let's say,
"No, no, my name is Dove."
>> PDSC.
>> But guess what? I ended up doing
business with him.
>> My question. What happened was I called
up the brother. I told the brother like
what happened? Ah, he doesn't know you.
He thinks you're called him up that we
ended up doing business. The point is
don't
but it was a lesson I learned all the
time. Be humble. I He know he didn't
know me. I was I wasn't polished. I
didn't you know didn't wasn't in the
business world so long. I was three
years of business then in my first
business. And but guess what I learned
that don't be bigger than anybody else.
Be humility brings you much further than
being you know what I'm saying. You look
at all these they're all humble. Baba
was a humble person. He spoke to
everybody. He smiled to everybody. Gave
a dollar to everybody that passed him.
He had a good word for everybody. You
know you you look at his videos even
today you know you could cry in a lot of
them. Like there was a person named
Nabak that gave songs never had children
and he was singing his song in front of
him and he woke up like open this up you
know that's that's effect
>> three tips to get rich
>> text
>> three tips to able to afford a Rolex
>> stealing
>> work uh working hard and inheriting get
>> by the way you were talking about the
certain mile my people have and knowing
how to work with people I want to ask
you a question this is going on in a
very very very sad it's very sad Today
we have a problem with politicians in
New York and around the world where you
you have an organization you have a
mosided you live in a community and
you're elected politician you want to
get money out of them you know you want
to get fund earmarks you want to get
funding from them you want them to come
to your events you want them to come to
you think people should come to your
dinners and then some of these
politicians they're like openly
anti-Israel they say terrible things
about the Israeli IDF they say Israel is
committing genocide and we all know that
a lot of the rhetoric anti-Israel is
just another way of being an anti-
semite without being an anti-semite.
What do you think Meistestas and
Yeshivists should do with their local
politicians that are like basically
anti-semmites because they openly call
for terrible things to Israel, but
they're their elected politician? Do you
give them guests of honor? Do you invite
them? Do you not invite them? It's
becoming a problem now every day.
>> I was just saying uh I always say it. I
was saying it's it's co that you know
I was interesting. I I told it to a lot
of people then
enjoy the PPP money. Enjoy all the funds
and all the free food you're getting.
Okay? Enjoy everything now cuz you guys
are going to be paying bitter for this
later.
>> What do you mean by that? meaning this
is I think the one of the biggest
problems we accelerated so many years
ahead from this co because people got so
much like I said you give too much candy
to a child or too much chocolate to a
child what happens
>> he he vomits it up or he gets sick or or
he can't function right because if you
give too much the same thing they gave
too much to everything too much food
free food free
uh everything was free right and they
got all these monies and and who knows
what. So what happens the minute you
lose it all you don't have that stream
coming in right people were forgiven
this for I don't remember exactly you
>> loans were being forgiven exactly
whatever whatever you say so what
happens automatically people go crazy
they want it back
>> so what do they do start doing stupid
things again
>> that like you said they go first thing
get married go into cash advance I need
that I need that fix that I had 5 years
ago four years ago
it's all has to do with that
>> but again the mist Noises. So let me go
that. So I said then you know when I
said that we're in trouble everything
we're in trouble is when the the they
they started that uh they started
breaking windows in stores. They started
robbing became free uh they didn't
prosecute anybody. When there's
lawlessness I mean say just like loyal
what happened world war I
uh I want to ask is like who voted for
Hitler?
>> I don't know. Was it the Jews?
>> Yep.
Yep. Because he also promised and
promised and promised. Guess what
happened? People don't know history.
Unfortunately,
by the way, Natanyao said two days ago
he was an interview with 60 Minutes.
>> I watched the interview.
>> Okay. What did he say?
>> I should stop taking from America.
>> Not only that, he asked him, "Why do you
think people hate Israel so much?"
Because they envy us. Because we're so
successful. And it's true. And I said
that before. When when people see other
people successful, when they're
struggling, automatically it's it's it's
an automatic. It's And why is there why
do so many people hate Donald Trump? I
laugh at it all the time because he's
successful. Every, you know, there are
people and who are the people that hate
him? Look, look, greenhaired people,
pink hair people, people on are high on
weed, on on drugs, or whatever you want
to call it, or some people that just
don't understand anything.
Unfortunately, that's my opinion. And
they just hate Trump for one reason.
Successful billionaire, be a beautiful
family.
Uh is, by the way, I know people that
work for him. Personally, I actually bid
a jobs for the for the Trump
Organization in Connecticut. Not in
Connecticut, I'm sorry, in Westchester.
Uh um uh um
Yidden that I know that worked for him,
always very nice to them. If you look at
his office picture in his Manhattan
office where he used to ate Sky over
there. Why? Because he once gave his
plane for a sick child to save a child
in his private jet. Point is he's a he's
a humble guy. He's a New Yorker. He
talks to everyone.
>> Humble.
>> Humble. I didn't mean humble in in it
that way. I meant to say he would talk
to anyone.
>> Relatable.
>> He
>> he'll work in a McDonald during a
campaign. He'll make he'll make
>> I say he's an excellent salesman. He's a
He's a master salesman. And
>> get me pass me that cracker. This cracks
thing. I'm telling you.
>> He's he's a master salesman. You got to
admit to that. He's a good salesman. But
humility, I didn't mean it that way. He
But that's his spiel. His spiel is that
he wants to be recognized. He wants to
he wants to he wants to cuz that's a
sales pitch. He was always a salesman.
He was he was a very good salesman. Back
to the Meistas. They should have on
anti-Israel people that are elected in
New York and give them covers.
>> I'm not a RV. I'm not a Reb, but I can
tell you one thing. It It does not look
good. It No, it's un unfortunately does
not look good. It does not look good.
And I'm not a Reb. I'm not a RV and I'm
not I'm not a I'm not I'm not a leader.
And it's a shame, you know, that we
can't, you know, that nobody gives a
straight answer when it comes to, you
know, when it's a stroll. There's that
they follow the and all those people
they go into the and the give up what
which direction to go.
>> No, if you lost all your money today,
what would you what would be the first
thing you do to make money?
>> The wife says
>> uh what would the first thing you would
do?
>> I don't know. You're asking me questions
that that uh I'll go to Davashem. What
should I do?
>> Which maybe which industry would you go
into?
>> What would you do? The first thing would
you
>> I'm in consulting. I'm making money.
>> But what else you do? you become a
consultant. Starting
>> consulting because it's something I it's
something that I've done for for many
years. I know it and what better thing
can I do if not save people money.
>> Now what
>> I work for the other side meaning I want
to explain I want to ask you a question.
If somebody was uh uh wouldn't you want
to hire somebody and do I'm saying to do
something first of all it's it's
something that I know something I've
been doing it for so many years and I
know you see I'm different
an average consultant either he was a
mechanic
>> or he was a a worker in an office in an
elevator company they're all elevator
related right or he's an inspector
there's very rare elevator consultants
that did ran a business knows the
economics of an elev elevator knows how
much it's supposed to cost and sell it
>> and and all the and and how and all the
numbers how much it's supposed to cost
and what to look for and where to look
at where and where to where to find
areas of of of and also you know how
many times I send a guy down to a
building and they claim that they they
just spent $100,000 on on repairs and
stuff, upgrades, and you find this
wasn't done, that wasn't done, this
wasn't done.
>> Could you just ask for receipts? No,
>> it's not receipts. You document it. You
go over, you look at it and and then
>> Dove, does money make you happy?
>> There's two disappointments in life.
>> Yeah.
>> Once when you make it and once when you
don't.
>> What does that mean? Please elaborate.
>> People think when they're going to make
it, they working all these years to to
make it. And when they make it, ah, all
my problems are solved and they see what
nothing is solved. Uh, now when you
don't make it, it's like when you do,
that's when you make it. You think all
your problems are solved. This is far
far far from problem solved, right? Then
and also you have a big liability too.
You know, you don't know who to give,
what to give. You want to make sure you
know every every every person wants to
give to a certain cause that he feels
that his heart is in it. You understand?
Then when you don't make it, you always
it's
>> if you would have done things
differently, maybe you could have made
it. There's a lot of guilt,
>> right? There's a lot of guilt. But but
again, but but then there's a lot of
people that are very happy what they
have. Extremely happy. treat you
differently when you're more on the
giving zone or era versus not.
>> The phone call stop.
>> Phone call stop when you're stop giving.
Explain that experience.
>> Uh the the the Kaneka gifts and the pur
baskets and the pes baskets and the
cheesecakes and the flowers and the and
the and and the and the rashona honey
the blessing things come in. Thank God
they're all gone. When you stop giving
to you get less gifts. There's no uh
souvenirs.
>> Uh grad I was just telling Tom Kashabas
from from Lakewood
>> is a good friend of mine. One of the
guys that comes to my house a lot. I I
give him every year. I mean we give
every month
>> and I tell him uh I tell him do me a
favor. The next time you come to me,
don't bring me anything. I don't like I
don't like it. I just don't like it. I
don't enjoy it. I don't like it. I don't
want it. And I don't need it. I I don't
need clutter. Okay? And first of all, I
can't I can't afford to eat five 500
calorie cheesecakes, so I don't need it.
And guess what? You know what he tells
me? One of the only people that
appreciate not giving. I says, "Yes, you
you hit it on the nail."
>> You know, Taka is, you know, in
corporate America. And then, by the way,
it became like this
>> corporate giving.
>> It became like this, right? Am I not
right? It wasn't like this 20, 30 years
ago. You know,
>> you
didn't exist.
>> Dove, let's say you're rich and poor.
What's the experience that a rich person
will have when he goes to versus a poor
person?
>> I don't know.
And everybody's the same. Everybody's
>> treat more coverage. People say hello to
you.
>> No, I don't know. Everybody actually I
live in a very nice community. And I
want to tell you the is there is next
level and every if there is a person
that comes for Shabas in there, they're
very very very uh you know,
>> what's the name of your show? uh royal
grove a dominant
raishi is the is the dian there he was
being a dian in villinsburg it's a nice
community about 100 families a beautiful
show we just built with a mikvah and
everything and it's a very good place
>> so what do you prefer Jackson or my
>> uh Jackson
>> why
>> um I'll tell you very funny in in my
youngest from the youngest people today
I'm one from older people.
>> Exactly.
>> Yeah. So, I feel like a grandfather. I'm
joking. Um, no. I just finished my It's
a different lifestyle.
>> You missed the pool. Mie had a pool,
though.
>> I had a pool. But you know what?
Everybody was asking me, "Lick, where's
your pool?" I says, "My pool, I left the
Muny after 23 years, and it's the only
thing I I never want to see again. If I
want a pool, I have 10 people to call. I
go to the pool." A pool is a headache.
It's it's pure headache.
>> Guy told this to me. I went to a guy in
Kingston, Pennsylvania, community there.
Guy has a pool. He told me, "If not for
the fact that my wife and I both use the
pool every day possible, like not fake
swimmers, but they the weather the
months of the year," he said, "It's the
biggest waste of money." He went through
a whole list. I wasn't paying such close
attention. Always maintenance. Always
maintenance
to the pool maintenance. You'll make
more money.
>> Not a bad idea. Uh, no, but I'll I'll be
honest with you. The the the the
pool when I moved to my cousins I never
knew I had.
Okay. And and then I had friends I never
had that I never knew I people came out
of the woodwork.
>> And what really what really scared me
honestly is my one of my sons I was
getting dressed one time and my son was
in a tube and he just went under I
picked with 10 within 5 seconds I thank
God I caught him. My wife one time
jumped in and and then I had two
incidents where uh somebody that went
swimming in my pool, Airf Shabas, and
one fell into the pool and my cousin
happened to be there by coincidence and
he jumped in and got destroyed his
clothes and everything. The point is
it's not worth that's one part of it.
>> The second part of it and and even
though I had gates and locks and the
whole spiel,
>> it's just a it's just a nightmare. You
know that's a and b like you said the
maintenance don't ask the the if the the
liner has to be replaced and then the
the one time the wall something collab
you had to fix and then then I put in a
heater the heater broke and it it you
know what you were busy even though you
weren't doing it physically it was it's
just a it's just a it's just a it's just
a headache.
>> Did you own the pool or did the pool own
you? Basically
>> that you just said it like they say in
America people live to work and in the
rest of the world they work to live. D
on your investments in watches versus
art. What did better long term?
>> I have no idea. I'll find out. My kids
will find out when I die.
Do
>> I have anything else? I
>> think we made covered a lot of great
topics and I'm so happy you came on the
show because those, you know, I it's a
big thing in life when somebody's
interesting for 30 to 60 seconds, the
question is always going to be, are they
going to be good on a podcast?
>> No. It happened to me when I got invited
on to the biggest Jewish podcast in the
world.
>> Who?
>> We're not going to talk about it.
>> Sorry. We're we're we're trying to take
the market. We're trying we're we're
gonna we want to we want to take the
market. By the way, I get calls, Mos,
you have the same question. I get calls
every single day. People call me up.
They say, "Should I open up a podcast?"
I tell everybody, "Open up your own
podcast." They say, "Why?" I said, "If
you're asking me if you should do it,
you already have the ty. You want to do
it." Two, the entie
mode and upload it onto YouTube. And
three, you make millions.
You make millions. So, we invite we
invite everybody to open up a podcast.
Oh, no, no. So, what I was saying was is
that somebody told me, I want you to
come on my podcast when I went on a bit
big podcast, but you're interesting for
30 to 60 seconds. The question is if
you're going to be interesting for an
hour or two, so I don't know. Am I
interesting? I don't know.
>> You're very interesting. You have very
good topics. You you you're very good in
shorts. You you know, you explain
everything in 60 seconds that needs to
hear at the time. I think Madame with
his garbage with the with the snow. It
was excellent.
>> They got 7 million views. What' that do?
>> A lot.
>> I don't know. I I when I saw it the
first time I was it was on my status and
I I was I was hysterical. Uh
>> what about people that rip things off
Instagram? Popular websites. They rip my
videos off Instagram and they don't give
me credit.
>> So what do you
>> like? Anish guy has an interesting clip.
They don't put my they they whitewash my
trademarks. They they
>> they can't whitewash you. You going to
go sue everybody?
>> I'm not suing anybody. I'm not suing
anybody. though. I was telling Climb to
be successful in social media,
>> you got to be a you got to be a No.
Wait, I'll tell you what his success is.
>> Okay.
>> Would you put it on? You're going to put
it on the podcast?
>> Yeah, sure.
>> Okay. His success is cuz you see
authenticity.
Why? Because he doesn't pretend. He is
what he is. I was in the car with you.
You guys picked me up, right?
>> And and um
>> we were in the car the same way we're
here. And the same I know you 10 years
or whatever it is and a long time.
>> Long time
>> and and authenticity is the key to
everything. Now going back to Trump a
minute, that's what I meant to say.
Authenticity. He's authentic. He if he
tells a reporter he doesn't like you, he
tells you in the face, I don't like you.
Have a nice day. Goodbye. But he's he he
doesn't demeanor the person. He just
tells him, "I don't like you. You're
being disrespectful and go on." But he's
authentic. And that's why I think that
he's so successful. And same thing with
anybody. Now this Montami guy I
personally think is a disaster. His
ideology is a disaster. But guess what?
New Yorkers voted for him. I I left New
York. So you guys, you know,
unfortunately, it's very very sad and
very and it's very scary.
>> So here's a big secret how
>> Clappy does very well. Marks and my
accounts do really well.
>> If you're coming into the deal, and I
think it's with any life. If you're here
to create value andor entertainment,
which is entertainment value, you'll do
very well. If you're there to talk about
yourself and to just think people want
to hear you talk, no one's interested in
you hearing anything that you have to
say. However, if you come on to your
podcast and you say, "I'm here to
educate or entertain," you'll do very
well. So, I was telling Clapper earlier
today, I said 99% of people want to be
on podcast. I said 99% of people do not
want to be on camera, period.
>> Oh, no. He's just reminding me he's like
the next guy gets married, he wants to
make money. What does he want to do
instead of being on what's that business
called again? cash advance. He doesn't
want to be in cash advance. So, he go
podcasting a little throat. So, I said
99% are afraid to be in camera. That's
why Dove is amazing because he doesn't
he's the best on camera. He doesn't
care. Out of the 1% that are not afraid,
99% of them are narcissistic and
therefore they just want to talk about
themselves all day. Who do you think
wants to hear about you? And I was
thinking me and Clappy. Clappy for 5 10
years. No one knew who he was. He used
to send out these voice notes vi and it
would go viral. No one knew his name,
where he lived, nothing. He told me he
was in Manhattan. People, I think I know
your voice from some voice notes. By the
way, I I went to I went into a place la
last week and it was Brooklyn Sima.
>> Yeah.
>> 20 people attacked me. Not not in a nice
way. Oh, I love I love your you're very
educational. So, I said all I'm doing is
discussing what maybe I can give teach
or or give advice. Guess what? And I
learn also something every day. It's
something.
>> Let me finish. I said so 99% of people
are afraid to go on camera. Now you're
left with 1% of the people. Out of the
1%
um 99% of the 1% that's comfortable
camera are narcissistic. So they're
going to talk about themselves all day.
So no one's interested in hearing them.
So you have one point of 1% of people
that actually are not narcissistic. They
just like to talk and share their ideas.
And those.1% I believe will do very well
because they're there to help, to
educate, entertain. Can can I can I ask?
>> And therefore I say Clappy was anonymous
for seven years in his cubicle in his
office at
>> in the cubicle for 14 years. When I made
voice notes don't know who he was. Hold
on though. And then me my ex everyday
people in the first I think a year you
don't see my face. I'm always filming
other people. I always bar 100,000 over
100,000 followers. So the key is
>> no once you have to say if you're there
to educate or entertain or both you will
do very well.
>> Experience. Huh?
>> You need experience,
>> life experience. We all business
experience, life experience. You can
only give advice to educate, right?
Educate
some experience.
>> You just say what you feel. You don't
have to. But you know what? I want to
say something about Clappy and you. I
know you long.
>> I think it's going to be the closing
thing.
>> Yeah.
>> Closing words.
>> Closing thing. Two two two two positive
things. Nice things.
You know why I feel you're successful?
what you're doing here is because you're
both humble now. Meaning you have this
fame, you're getting these uh uh good
audiences, Bashem, and you're getting
very good content, but you know what?
You're the same guy. You can laugh in
the street with you. You're not this
like you just said, you're not a
narcissist. And if he was a narcissist,
you wouldn't be successful. Most people
you see that are successful. I think in
podcasting, I I watch some Joe Rogan
sometimes. I watch certain people. I
want to learn things, right? uh when
he's interviewing an an interesting
person, even your your your your
interviews, anything, right? You want to
learn. You're there to learn, right? But
if the person is a narcissist, you don't
want to listen to the guy.
>> You're not interested. Why? Because it
spews out of you. You know, you feel it.
Feel
>> no value.
>> We had a great time at the car, right?
We picked up the flowers. We picked up
the silver. Yeah. You screamed at him.
He screamed at you. It was perfect. And
he sold the painting in the way. Right.
And guess what? You understand? We had a
great We had a great experience. Why?
Because we we're we're neutral. We don't
We're here. We're here to do the right
thing. That's all it is.
>> Thank you so much, Abdul. It's been an
honor and a pleasure.
>> Subscribe, comment. I just want to do a
quick uh review of sponsors. Thank you
to Kaiser Crack.
>> Kaiser Flat Cracks. All SHs changed to
flat cracks. Cahus
>> Crown Butcher. Um Elite Sterling.
>> Elite Sterling Gadi
>> and Will Cis.
>> Wheels.
>> And our newest sponsor.
>> Yeah. I think we have two new sponsors
here.
>> Their friends from Central Travel Travel
845202775.
Their dedicated vacation staff are
waiting to hear from you.
>> I want to thank do for having the
patience to wait outside in my humbling
car while we had to get these things
printed and shleing everything around.
>> By the way, I enjoy sitting in your I
enjoyed sitting in your car. It's a 10,
15 or whatever it is. But guess what?
the the the the the atmosphere in that
car was better than sitting in a private
jet.