April 26, 2022

Seen and Unseen Wealth with Zac Juergensen


Zac Juergensen is a personal finance, real estate, and responsible debt educator. He currently hosts a podcast called DIY Wealth focused on providing free content in order to share in his self-learned wealth accumulation journey allowing others to learn and take action on their own money management and retirement goals. He also publishes short content pieces focused on providing real value that people can carry with them to help empower their money management journey. Zac Juergensen went from being in a fair amount of bad debt with poor money management and financial behavior patterns in his early 20’s to amassing a net worth of one million dollars by 31 through self education. 

https://zacjuergensen.com/

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Transcript


 Josh
 Hey, what's up fellows. Welcome to uncensored advice for men today. We're going to talk about perverted wealth. Like what the hell does that mean? On the show to talk about it, we're going to have a conversation with Zachary. Welcome to the show, dude. 


 Zac
 Gotcha. Thanks for having me. I'm really pumped to do this episode with you. 


 Josh
 Yeah. Perverted wealth. Like what do you mean by that? 


 Zac
 Yeah, so we can get into some of the, the inflection points, I guess, if you will, that I've had growing up and moving to where I'm at currently, but for people that are just tuning in and don't know, I grew up with a base of zero safety nets in life. Fast forward today with no financial literacy growing up, I have a net worth of a million dollars. Again, it's not so much the million dollars, but it's the passive income that allows me to have the freedom and move nimbly through how I want in life. Moving forward withe follow-up statement to what you just said, this idea of wealth, I think, has gotten very heavily perverted in society. If you go look up the Google definition of what wealth is, it says it's an abundance of resources that dot or money. Okay. I don't know how aware that got added to the definition of wealth, but I'm a huge advocate that should be taken out and we need to redefine what a wealthy life is and the definition of wealth, Josh has his lover resource. 


 Josh
 Yeah. 


 Zac
 Is contentment a resource? 


 Josh
 I would say, yeah. Hold one second. Let me, let me, let me challenge this because it's easy to go. Yes, 


 Zac
 Sure. I like challenging because it forces people to think. 


 Josh
 Yeah, let me chew on this is love a resource. I guess what is the definition of a resource? Something that is a, maybe a tool or something that we can leverage? Something that we can exchange something. That's a, something that could be used for something else, right. That would be what maybe a resource is considered. So yeah. Is contentment or resource? Can I leverage Reese or contentment? Can I use contentment? Can I, is it something that I could cash in or exchange? I dunno, man. I'd love to hear your thoughts. 


 Zac
 So let's start with love. Okay. There are certain people you love in your world, right? Can you love everyone in the world equally? Like your wife or your children, or do they get more love than other people? 


 Josh
 They get more love. 


 Zac
 Exactly. It's a resource. I have a limited amount of love that I can give a select few individuals. I have a limited amount of deep friendships that I can give other people. You cannot replicate these things over 7 billion people. It's just impossible. I want to redefine the idea of wealth, of an abundance of resources, both seen and unseen a wealthy life. Isn't that wealthy of a life. If you're sitting on a mountain, a gold and no one loves, and you don't love anyone and you're not content, and you're constantly just going, I need another dollar. I need another green rectangle. I need another imaginary green thing. And they are very imaginary. Believe me, we can get into the fed stuff and just how they're magically printed and all these other things. Again, we have very heavily tied in Western culture. This idea that I will be happy once I have objects things, money, coin metal, however you want to word it versus going, okay, this is a portion of the pie, but it is not the entire pie by any stretch of the imagination. 


 Zac
 That was the road I was on for a very long time. As I got closer and closer to this number, I promised myself I would be feeling these things. I would feel happy. I would feel content. I would feel accomplished and joyful and successful. As I got closer to that million mark, which I had set for myself, which isn't even a lot to begin with today, between inflation and cost of living, I wasn't feeling these things and I'm going, what the f**k is going on? In my mind, I was told these things. I watched Hollywood movies. They told me these things, these wall street guys making all these money, they were supposed to. And, and all of a sudden I'm looking at everything and it's like, this isn't working for me. Now. I have lied to myself for a decade about this idea of where I'll be happy. 


 Zac
 It was, it couldn't have been further from the truth. I really started doing a lot of heavy diving into Eastern philosophy, stoicism, and things like that, because it's like, if I'm not feeling this and I'm approaching 1 million, am I going to feel it at 2, 4, 8, 16, 25, 55? This just going to continue throughout my life? I just, so I got really scared by that. I really started diving deep into the stoicism philosophy aspects of life. I think, I know we need to do a better job, rooting our thought processes in sitting in our own thoughts and identifying the things we really want to do and achieve in life. And that's different for everyone. 


 Josh
 Yeah. So, I set out to be a millionaire by age 25. Why, who knows? Because I think we grow up and we're like, what do you want to be? I want a million bucks. We saw the movie office space and it's like, what would you do with a million bucks? You know? And the guy's like chicks at once. Like we have this idea of like, that money is going to make us freaking happy. So, Michael was age 25 millionaire and the Faster and closer I got to that, the more I felt like I was losing something, because that was the only goal that I was chasing, burning relationships, girls chasing opportunities and risky deals, lost it all been bankrupt. Right. Yeah, man, so let, let's kind of go backwards. Right. You said you grew up with no safety net, no financial literacy, kind of give us an idea of your background because that will lead to where you are today. 


 Zac
 Yeah. I think it ties into nicely to like the why I acted the way I did, but grew up in Michigan and didn't grow up in a good family household at all, basically grew up in a very religious community and upon, approaching, not quite high school, but middle school. Yeah. Maybe pushing into seventh or eighth grade sixth, seventh, eighth grade. My father divorced, my father actually divorced my mother much earlier than that. At that point in time, there was a disclosure that he had different sexual preferences. So, growing up in a religious Christianity background, there's the idea that you can not have sexual relationships with anyone outside of a man and a woman, very considered very sinful and things like that. Basically religion was used to weaponize and use against our biological father because we spend more time with my mother's and my father. Like, literally just having us, like, just remember Bible verses and I'm like remain strong in the faith. 


 Zac
 Remember your dad's going to be a sinner and he's going to burn in hell. Like, you're telling this to a kid who had a great relationship with his dad or dad, it's just one aspect of his life changed. Like it just was not a very good situation growing up and got to the point where physical child abuse was happening. My grandparents on my dad's side of the family, he had strings to pull with police forces and things like that. There were things, blind eyes were turned at certain times. Like just wasn't a good life growing up at all. Like some people are like, oh, I wish I could go back to college. I wish I could go back to high school. I wish the simpler days, like, I'm one of those people. It's like, no, I f*****g loved being an adult and it's sucked as a child. 


 Zac
 So, ended up testifying against the parent in court. I got kicked out of my house in high school. Working a full-time job while still getting my bat or still getting my diploma. But I had s****y grades. Like, it just, I did not Excel because it was just this frustrated kid. I was just angry at the world. So, I'm sure that poured into, not doing well in school. I kind of looked around and I was aware enough. Okay. That's the biggest thing with my podcast and talking to people, I just want to at least create awareness, but I was aware enough where I was just like, okay, I know I shouldn't stay here. If I stay here, I'm going to work at a gas station. I'm going to get two different girls pregnant. Like, my life is going to go nowhere. I ended up joining the military and still wasn't applying myself. 


 Zac
 I really started only applying myself until we got done with our combat deployment overseas. We ended up losing an individual in a bomb dog. Up until that point, I was just kinda like, laissez-faire like, whatever, my Diddy bop through life, like, money will come my way, money will go on my way, whatever. But that happened. And he was 21. I was just like, holy s**t, like life's fragile. Like, and I didn't even realize that overseas in a theater of war until one of our own no longer existed, ? From there, I just was like, okay, I know I don't want to do this anymore. I just started picking up books, any type of book, it was my last year in the military journalism books, photography books, personal finance books, everything. I ended up landing on this book called the little book on big dividends, easy read. 


 Zac
 It's like 120 pages. Again, I come from a financial base of zero and I was like, this is pretty cool. I ended up, investing my first 10 shares of bank of America back in 2010 when the market was just bottomed out. Like, I still didn't know what I was doing, but I was just like, okay, like I see banks everywhere. Let's invest in banks, you know? I'll never forget, the market went up but down sideways. And like, I was cussing at myself. When I was up, I was like, I'm a genius. I'm going to be so wealthy. I ended up closing out and I ended up having $4 and 14 cents more than I had when I started the day. That s**t in my head clicked real hard. I was just like, holy s**t. Like, I didn't do anything today. Money just made me money and then fast forward, that's where we've gotten today. 


 Zac
 We can talk about some more of my professional career after the Marines, but I sometimes I storytell too long. So I got a break. I got a break myself, 


 Josh
 Zachary, Zachary, or Zach, what do you prefer? 


 Zac
 Zack, I'm lazy. 


 Josh
 I'm going to be lazy. SAC with the first of all, thank you for your service. Stand in, salute you for all of our frontline workers, please fire military. I stand in salute. You respect you guys. Sometimes we, I was government for and sometimes we work for organizations and governments and things that we might not agree with, but I support the soldiers, the fire, the police. Thank you for what you did, Zack. Awesome, man. You're a fellow soldier died by the dog bomb, were you close to that situation? Did you, where you had, where were you in terms of the experience? 


 Zac
 Yeah, so I was on, so there's this. It was him and the bomb dog. Apparently the dog did not pick up on an IED that was on the ground or whatever. I was on this thing called tack chat. This is basically where all the information's getting sent and then you funnel what the important information based on the battalion you're in and things like that. I just remember seeing his initials and his social last four of his social come through. I just kinda like looked over at my Lieutenant and he was like, don't tell anyone right now. We've got to confirm some running around things happened. Yeah, about 20 minutes later, he passed away. Apparently, his legs were gone immediately. Like, they ended up getting him into a medivac, but just internal trauma, all that he ended up passing on and then fairly the dog was just gone instantly. 


 Zac
 Like that it was, it's an intense feeling to just Be staring at a screen and then seeing someone's name come across in bold red or whatever, and just going, wow, this person isn't alive anymore. Like to me, it just, that resonated with me so heavily. And I didn't fully process it. Even when I got back, I didn't have, I hadn't fully processed it, but it was just dislike. It was like this, I dunno, actualization, I guess. Like I just went from like, not ever really realizing you can die or that death is a thing to all the way up here. Again, like there were other people that were dying over there while I was there, but like to know someone within our unit and the bomb dog, you know that like, we're never going to see this person again. Like it just made me go, okay. 


 Zac
 I need to start applying myself to things in life. 


 Josh
 Yeah. That's interesting. You say that. Thank you for sharing that story. Please accept my condolences. Like that's, that's tough to filter or at least it was for me. I had a few firefighter buddies that passed away and we experienced death all the time as a firefighter medic. I experienced death on a daily basis, but then when I saw my friend's name, Hey, emergency, your friend dead happened again. Like to me, that hit. I thought, because I dealt with death so much, I thought I was okay when I got that news until I went out, went bowling with the family and I had a few drinks and dude, I lost it. My, my father-in-law had to like pick me up off the bathroom floor and carry me outside because I just completely broke whether I don't know what it was, but like the grief hit me all at once. 


 Josh
 Did you experience anything like that? Like survivor guilt or? 


 Zac
 Yeah. I think a lot of guys in my unit struggle was survivor's guilt. I think a lot of military people in general, just because like, you'll go bear, witness to an extreme thing. You come back with all your fingers and toes and you're just like, you're just Laden with guilt. For me, I've never been good at processing things. Cause you have to understand the way I grew up. The way I grew up was so s****y household. I had really no baseline of what like real good love is normal functioning love is even though were told were being loved and that God loves us. Like all these other ideas of love, but like, we're looking at my family relative to everyone else's family and we're like the black sheep and like nothing's functioning here appropriately and correctly. I've are I already have hard and I'm still struggling with it. 


 Zac
 To this day I still struggle with it. It has cost me some relationships romantically and friendships. Just because again, I don't know what I don't know, but I will say that after getting done with the military and just focusing on work, because again, I don't have to worry about family. I don't have to worry about my brother. Like I'm not close with these people. I don't have a lot of friends. I just moved out to Arizona. All I did was work, work, just working all the time. That is all that is taking up my capacity of my brain. There were two instances out here where just rogue waves of depression and suicidal thoughts and all these other things hit me. I specifically remember one time I didn't get out of bed for five days and all I ate was one egg in an orange and my brain just shut down. 


 Zac
 My brain just collapsed and like, and then it happened again and again. It's like, why is this keep happening to me? It's a lot of, it just comes down to just you're, you're malnourishing portions of your brain portions of your ego portions of things that make you, you're just not, you're not giving them enough attention. That, I think that's why you see some of these, like you see lawyers, you see doctors, you see very successful people and and I'll ball military people into that high performers that you just think of the world of them. They ended up offing themselves because the, the high octane ideas of them, they just red line one thing. Like, they're just like, I can't, this isn't sustainable. This isn't tolerable. They think their next best action is to just go ahead and take their life. 


 Zac
 Yeah. 


 Josh
 Yeah. When, so I was in the best shape of my life. I ran a fitness technology company, six pack, and, build in a company that I was supposed to be Uber wealthy, ultimately failed, just had, my wife and I were happily married, had a baby on the way or either she was either on the way or the here. So appearance-wise from the outside. Like Josh damn, you got it together inside bro. I was standing on a bridge thinking of jumping off. I, I, I was malnourished in a few aspects of my life. Like you talk about like this perverted wealth, right? Like I'm chasing money, chasing success, chasing the identity of Josh, the successful, whatever. But inside dude, a rogue wave. I like how you say that man rogue wave of depression hit me to the point where I'm standing on the bridge, thinking of what I would look like splattered down below. 


 Josh
 Right? Yeah. How did you, how did you unwind that five days in bed here? You are malnourished egg and OJ. How'd you how'd you come out of that man? 


 Zac
 I don't think I did, because again, it happened again and then it happened again. I think it was just my body or my brain or my ego went, okay, I've at least done this to you. I've gotten at least some form of this grief out. Has it been done in the most efficient way as it done been done in the healthiest way? No, but I got some of it out at least, and then just kind of managed to crawl out of my bed and like, all those, real estate clients that I canceled on and everyone that's, waiting to still get into a house and do all these other, cause I did real estate sales while I was in college, I slowly started reaching out to them and I didn't even tell them. I had a hard time. I said I had a family emergency. I didn't even want to tell them what I, what happened to me. 


 Zac
 Just again, I'm normal, I'm a high functioning, human being. I had to go take care of a family emergency. That was a complete fabrication, complete lie. Then, got back on that, shifted back up the third, fourth, fifth, sixth, seventh, eighth. Instead of shifting back up, just red lining again and then just blowing the engine again and then doing it again. So that happened a couple of times. At one point I had to have a buddy hold on to some guns, like things, the things I was thinking weren't healthy, they weren't good. Then, we can talk about this more in depth, but some of the most amazing, cause I was still angry kid after college. Like I remember, or after the Marines, I remember my mother came and visited me. Again, we don't have a close relationship at this point in time, someone was riding my ass to close on the highway. 


 Zac
 I stopped on the highway, got out of my car and started slamming on this person's hood. Like I was just in, I grew up angry as a kid and now I have all these angers and frustrations in the military and now I'm supposed to act like a happy little civilian and that's just not what was happening in my head every single day I woke up. Something that has helped me dramatically in that realm. Overall over the past couple of years, relative to the growth that I had received in my early and mid twenties has been the type of people I've been surrounding myself with. And then also psychedelics. 


 Josh
 Nice. Okay. So people in drugs, 


 Zac
 Yeah. Basically the right people and the right drugs. 


 Josh
 Sure. The right people in the right drugs. All right. So I love this conversation. Tell us about, so I mean, I've had a thousand interviews in the past and we've talked a lot about people and you're the average of the people you hang out with and such like that drugs. 


 Zac
 All right. Let's talk them. What do you, what do you want to start anywhere particular. 


 Josh
 Gateway and then work our way up? No, just, oh, why don't you just kind of give us your experience and how you thought that it was beneficial? Cause you're saying this actually was helpful to me. 


 Zac
 Again, I always preface when I have this conversation that, go seek a professional, go make sure that you talk to a professional about stuff. Look, is that the way I did it? No, I will tell you right now, but for legal reasons and stuff like that, like go talk to a professional before you even consider doing any type of testing with this stuff or whatever, because it can, there, I have read books where people have had real psychotic breaks from these things, like that wasn't me, did I do all my due diligence? Probably not. Was it the right place? Right. Time. Right. Setting right environment. And it happened. Yeah. Sure. And you know, so. 


 Josh
 I think this is a good time for me to throw a disclaimer in there too. 


 Zac
 Yeah, 


 Josh
 Absolutely. Check with your local law legal and your local professional before exploring anything we talk about here on the show. 


 Zac
 Yep. I would agree with that. The best analogy I've been able to give people when we talk psychedelics is imagine your brain is a building like a commercial building. Okay. The, the walls falling apart, you need to get the electrician and the plumber in there because you got some leaky pipes and he got some bad wiring that needs to get up to code. And you've got all these things. Okay. So what do you do? You call your electrician, you call your plumber, you call whoever and they go run in there and they fix the building for you. Okay. Psychedelics, what it allows you to do is your brain is the building. You have these electricians, these plumbers, and people that go in there and try and fix it with psychedelics, you become the electrician and the plumber and the other people that need to go run into that building and fix it. 


 Zac
 Whereas traditionally you hire the electrician or the plumber. The plumber is the psychiatrist. The electrician is the doctor that you need to go talk to about things. You become the professional because it's your brain. And you walk into your brain. That is that building. You start rewiring things and you start patching stuff up and you start on boxing. Some of the stuff that's been so deeply suppressed inside you, that you didn't even realize it was, you were still dealing with it. That's probably the best analogy based on my personal experiences on what psychedelics has been able to let me do. 


 Josh
 Interesting. So, I've seen experiences, where someone, did a psychedelic and when they started looking through the building, what they saw flipped them out correctly and they didn't either didn't recover or right. It made them crazy. 


 Zac
 Yup. Yeah. What, 


 Josh
 What, what was your experience when that happened and how was it helpful to you and maybe not helpful to others? 


 Zac
 There's definitely, sometimes can be a smoother, a bit of a smoother ride. Other times there were very heavy, I dunno, violence the right word. Cause it wasn't physically violent, but like, mentally, yes, it was a very violent ride. What I will say is, the rides that were a little smoother or weren't as intense, the amount of long-term, what's the word I'm looking for? Not ramification the long-term I'll come back to the word. I can't think of the word, but the law, the basically the long-term effects of the more intentionally hard exercises are ones where I wanted to dive deeper down the rabbit hole. Those had longer, bigger, larger lasting effects on who I am as a person, how I'm able to empathize who my patient's level, who I'm able to connect with, how I'm able to connect with people. A lot of those things happen when it was some of the rough. 


 Zac
 Like one of the rougher exercises I had, I was with some friends in a different country and, just, I finally started talking to them about how I just don't feel like I fit into society. I feel like this caged animal. Once in awhile, I'm allowed to come out of my cage. After that, I don't know who tells me, I don't know what tells me, I don't know how it tells me, but I feel like I got to recluse back into this human being that I don't want to be, that, that can't enjoy life. That could, I can't roam and run freely. Were all talking and working through it and again on psychedelics and stuff, but through it all, there were tears shed, there was crying, there was anger, there was angst, I mean, I ended up, punching the wooden swing I was on and stuff. 


 Zac
 Just like, I don't feel like I can solve this. I can't solve this. Like, exercises kept happening and came out from it on the other side the next day I felt so relaxed. I felt like a human, if that makes sense. 


 Josh
 Yeah, no I, so yeah, I think that drugs open up a world that we don't see. Right. My, my experience with it, I've had to in terms of maybe some type of trip or whatever. I remember one time I was in my wife and I, were on a boat like rowboat. Were like on the lake, we used to live on the lake and we would go over to the restaurant, but we would go over to a friend's house who also lived on a lake. I got a little John boat, a lot of fun, put a trolling motor, two oars pirate flag baller. Right. We were having fun. Yup. We had an experience and I just remember sitting there and my right arm would not work. My left arm would work and I'm rowing in circles and I'm frustrated because my body wouldn't and I see my life, my wife laughing at me and she's just laughing in general, but I got so angry and I, I feel like I, the building that I was maybe exploring internally, what was broken for me, abuse, growing up, angry person, externally, happy, joyful, Josh internally. 


 Josh
 I hated this guy. 


 Zac
 Yup. 


 Josh
 I felt like other people hated me too. I, I really had a bad experience because I felt like it was almost like the devil talking to me going, like, you're a piece of s**t, ? Like, look at you, look at her. She doesn't even like, you she's laughing at you. I, I came out of that angry. What, which kind of reveals to me, that some things I'd worked there I've been in counseling coaching. Did you ever have a bad trip? Like something like that, 


 Zac
 When you say bad, the last story is what I would infer too as bad where like my behaviors maybe don't necessarily align or match with what I want to be showing people, I'm angry, I'm crying, I'm punching a wooden swing. Like I'm just like, I'm yelling. Like that would be my bag experience. I, I, haven't been one of those people where, I'm crawling around on the asphalt screaming, help. Like I can't get out of this or, everyone's going to die. I haven't had one of those episodes if you will, but I have had like hard or scary. And, I there's a lot of talk amongst the idea of psychedelics about how you're, you need to have a willingness or openness to believe it's going to help you. Your subconscious needs to be in the right state of mind, which is a paradoxical statement because how can you ever know if your subconscious is in the right state of mind to be doing these things. 


 Zac
 I think really evaluating, and believing is this going to help me versus, oh, I hope this helps me, or I hope I don't have an episode or an issue. I think if you go into it already priming your mental state in that format, you're probably already, priming it for a potentially worse experience. And sure. Again, I don't know everything, but one of the reasons I did tap into or tap into psychedelics was cause I was just, I looked at my life historically and I'm like this isn't working. I'm not happy with anything. I've made all this money. I heard it. I don't have a good relationship with my family. I don't have a lot of friends. I wake up every day and it's a constant battle on a war. Here's my alternative Zack, you can do this and have a psychotic break or you can do this. 


 Zac
 It actually ends up changing your life to some marginally degree better. So I wanted to believe so heavily. This was going to help me and it did, but I went into it with the full intention of belief and looking at the alternative, which my alternative is keep doing the same s**t. You've been doing your entire life and you're not happy and you're not living a good life. Again, that was a power enough narrative for me to want to go in and have these positive experiences with it and something I'll tack onto the end of that too. Like we're talking about psychedelics and you and I already had to put a disclaimer out there and we're doing all that. We're talking about all of these things, you go talk to your professionals and things like that. The reality is like human beings think they're very smart creatures. 


 Zac
 We do, we think we're the, and again, you look at the animal kingdom compared to us like, yeah, we are, we've done a lot. The reality is even today in 2022, for everything we do know there's 99% of s**t we don't know. You had mentioned something about tapping into other, I forgot what it was. You said arenas or realities. Yes. So, I've had some ex indifferent experiences regarding realities and stuff like that to tapping into psychedelics. I just think, I, I resonated strongly with that statement that you said, and again, science, what does science need to do in order to continue being science? It needs to continually, it needs to continually be proven wrong. Yeah. That's paradoxically how science advances and move forward. Before someone discounts something or maybe dismisses something, I would just urge you to look at science and this idea that we know everything from a framer perspective of, that's not true at all. 


 Zac
 Like, Galileo was the first person that said what, that we didn't resolve around that, or that the planets didn't revolve around earth that we rolled off in, around the sun. When he said that, what was it? It was a bunch of hoopla like, oh, like, you're insane. Like this is stupid, you know? Like, so again, it's again, awareness and perspective. That's all I'm trying to give people with my show. 


 Josh
 Sure, sure. Give a shout out to your show. What's the name of your show? 


 Zac
 Yeah. So it's called DIY wealth. You can find that on Amazon, apple, audible, all the things that they're syndicated on. And then all of my handles. That's a Twitter Patrion, Facebook and Instagram. It's at Zack. So ZACC cause again, I'm lazy. I don't want to do this year, the age at Zack Z, a C D I Y wealth. 


 Josh
 Now w we started the conversation about perverted wealth and then we moved to D I Y wealth, right? We, one of the questions you posed to me is what if contentment joy, peace, love money, health? What if these were things where, which a resource, which we can measure and improve upon? What does, what's the opposite of a perverted wealth, an innocent wealth? Like I, what's the better alternative to a perverted wealth? 


 Zac
 I don't know if an innocent wealth would be the correct terminology. I will stand by my statement that we have a perverted idea of what wealth is in this world, just between capitalism. And, and again, I think capitalism has gotten us to phenomenal places in this world. I think it's been a great economic system, but this constant idea that I need more, I need to buy, I need more revenue. I need to make more phones. I need to make more cars and need to make sure people are buying these. By the way, I'm going to advertise them to you. The way I'm going to advertise them to you, which you're born into this world. You're born into a world where you're told you get to feel this feeling. If you buy that, you get to feel that feeling. If you buy this versus going, why can't I just feel that way without having to buy that thing. 


 Zac
 I definitely agree with the perverted statement regarding your innocent statement. I don't think it's an innocence wealth. I think it's a unique, transparent wealth with oneself because they're unique. If your wealthiest life is driving around in a truck all over north and south America and camping out of it, you're going to require a lot less money. That doesn't mean you're not willing living a wealthier life than someone that's sitting on $25 million. That's miserable as f**k. You know what I'm saying? If you want to go eat pizza naked on a yacht in the Mediterranean with models, you're going to require some more money to live your healthiest life. Does that mean that you're not living, that the person driving the truck around north and south America and that person eating pizza naked on a yacht in the Mediterranean with models, they could both be equally living their wealthiest life. 


 Zac
 It just comes down to intentionally sitting in your thoughts and identifying what does my wealthiest life look like? For me, it was ripping the cord on corporate and going, what? I can live off $8,000 a month passively right now. From here, I can continue to build and grow my podcast, getting into photography, doing the things I really want to do in my life, regardless of what these societal and economic norms have told me. And I've been born into. 


 Josh
 Yeah. Piece of advice, if you're going to be on a yacht, naked eating pizza with models, one is don't drop a hot pepperoni on your junk and you might want to use suntan lotion because those are very sensitive areas. 


 Zac
 Yup. I would agree with those are great. Yeah. Follow jobs for more tips and tricks. 


 Josh
 Yeah. This, if, if that's all that someone got out of this, they're like, oh s**t. Yeah. I should put some suntan lotion down below, or maybe put a bib around my waist. I don't drop pepperoni's on my junk. You're welcome guys. It's a. 


 Zac
 Worthy episode. Then. 


 Josh
 It's a worthy episode. What'd you talk about today? Well, pepperoni's your junk psychedelics. So no, 


 Zac
 We've covered a lot, man. This has been a great episode. 


 Josh
 I have a lot of fun with this. Zach Lacy's act not Sacary you mentioned this a few times said, no, I'm lazy. In this kind of does this play into the, this idea of passive investing and passive wealth building and strategies to do that? I C D I, Y wealth is important to you. Like, what's that look like? 


 Zac
 Yeah. The reason I use DIY wealth is just because again, I came from a financial base of zero growing up. Like, I've learned to do it myself. I have not leaned on a financial advisor. I went and got my own real estate license. I learned how to use, identify rental properties and do stuff like that. The reason I'm so huge on passive stuff is like, yes, are we actively doing this podcast episode right now? Yes. Passively will this episode potentially generate revenue down the road for someone like you or me? If we, add a link in there to purchase an item through affiliate marketing or things like that. Yeah. There's like an evergreen effect to this content we're creating. The biggest reason I I'm huge on the idea of passive income is because a lot of people think the most important asset you can have is money. 


 Zac
 It's not, it's your time. Your time is your most important asset. I, I have an Airbnb. Airbnb is doing great. I did it with a business partner. It's cash flowing like abandoned, but if I were to manage that property, I would easily be spending 10 hours a week, if not more managing it, fielding messages, taking phone calls, dealing with people, complaining about things. Are they out of toilet paper? When are the one of the cleaners getting in there? Like, why isn't it, like, and so it's like, I don't want to do that. Like my time is my most important asset. I will happily forego all of this money and hire an Airbnb manager to take care of that stuff for me. Now I can focus on building this podcast out. Now that I'm looking at this podcast, I hired a virtual assistant to try and get me onto more shows. 


 Zac
 I, I got a social media guy that's helping me organically grow. Like again, I could be doing all these things, but again, what's the most important asset time is. Unfortunately, because of the system and world we operate in, the only way to get a lot of your time back is to build your financial wealth and get it to a point where you don't have to worry about money coming in. Once you hit that playing field, you elevate yourself into a totally new, new ballgame in the world of just capitalism life living. Good. Being able to think about what you really want, because you're not worried about the bills. You're not worried about going to work and cash collecting a paycheck and just living month to month. 


 Josh
 Yeah, dude. Super cool. I, this may be, we might have to syndicate more, shows do you. 


 Zac
 I'd love to. 


 Josh
 Yeah. Cause you know, we didn't even hit, 


 Zac
 No, 


 Josh
 We didn't even talk about building strategies. We didn't even get there. I think that this just kind of was like the intro relationship building between you and I, and then just setting the stage of, Hey dude, you listen. If you want to learn some cool stuff about maybe how to build some wealth or have some conversations or maybe even explore things, you might not have thought of Zack Lacy, Zack with just the AC, 


 Zac
 Yeah, you use Lacey's ad Mel. It's great. 


 Josh
 W what's a good place for dudes to connect with you, maybe find some of your strategies and maybe do a deal with you. 


 Zac
 Yeah. Like I said, all my handles, Zach DIY, well that's Twitter, Instagram, Facebook, all that stuff. That's even my website too, Zach DIY wealth, and then I'm syndicated on everything. Again, messaged me on Instagram, ask me questions, and it doesn't even have to be limited to financial. I know that's the barrier I want you to get out of. You can go really start exploring what that wealthiest life looks like. Finally, for people that want, a little one-on-one coaching, maybe help it with some budgeting and stuff like that. I do have a Patrion account. It's $10 and 56 cents a month. So it's literally it's. So I didn't adjust for inflation. A lot of people adjusted for inflation this year. I didn't. I'm actually cheaper than a Starbucks breakfast right now for once a month, you also get my access to my Excel spreadsheet that I update monthly, which has like all my stock market positions, all my real estate deals, how much money that I went into them and what the cash flows are on them, all my digital assets, my cryptocurrencies and things like that. 


 Zac
 Like, literally, like if you don't even want to think about knowing how to do this stuff, you could literally just access my Excel spreadsheet for the cost of a Starbucks breakfast once a month and just mirror the things I've done in order to get where I'm at in life. I'm a very transparent human being with that. And, and yeah, just ask me all the questions on my handles. I will answer them on podcasts and I will answer them personally before the I actually air the episode. 


 Josh
 Yeah. It's, and it's funny that we got here in terms of maybe an affiliate link, because I have an affiliate link. We, I have specially for nudist to like to eat pizza in the Mediterranean with models. We have a, if you go to the description, we have a bib for nudist that fits right over your junk protects you from hot pepperoni's and the sun. Click on that link and buy that and do not send me the pictures. 


 Zac
 Yeah. That would be, yeah. That'd be a hard note for me as well. 


 Josh
 Yeah, totally. All right. Fellow dudes in the audience, man, I, I, I appreciate you guys. That's always to reach out to our guests and say, Hey man, thanks for your story. Thanks for walking me through that military police fire. If you guys are struggling, do not hesitate to reach out to me or any one of our guests and ask for help. 


 Zac
 Say, 


 Josh
 Alright, Zach, one more question. What question should I have asked you in the show that I didn't, 


 Zac
 What questions should you have asked me that you didn't Man? Do you like got me right now? 


 Josh
 Nailed it. 


 Zac
 On. Yeah, I guess I'll I guess we didn't really think about a good product or service for the individual that wanted to drive around in the truck north and south America. Like we got that. We got the pepperoni bib. Yep. We got the pepperoni bit, but we didn't come up with a Coke. We didn't come up with a good one for the guy driving around in a truck. Yeah. I mean, what's a good one. Then he would use that. You could do it's another affiliate link for you, dude. 


 Josh
 Yeah. Th so the guy who lives in a van by the river and he travels around, 


 Zac
 Some people are going to get that some people. 


 Josh
 For that guy, and I assume he has a dog. 


 Zac
 Yeah. Let's assume he's got a dog. Yeah, absolutely. 


 Josh
 He likes to play the bongos naked. Probably. 


 Zac
 Lots of naked people in these wealthiest lives. I wonder, I. 


 Josh
 Wonder. 


 Zac
 If there's something there. 


 Josh
 That's I'm just thinking about naked dudes all day. I don't know. I think the pepperoni bib works for him too, but it's a different one. It's more rugged has camouflage. And of. 


 Zac
 There you go. Yeah. It's probably got like tactical pockets and things like that. So that was the whole first stuff. Yeah. There you go. 


 Josh
 A beer holder on the side, the Mediterranean guy, he has a holster for suntan lotion and lube or something. I don't know. 


 Zac
 Pizza slice holder. Yeah. There you go, man. 


 Josh
 Gotta be ready to serve at a. 


 Zac
 Moment. Now we've really closed up this episode in totality. I feel like now we really did a good job. 


 Josh
 We're looking for partners. If you guys are out there and that's you. Oh, geez. Okay. Well as always guys, if you want to reach out to our guests or maybe get on the show, share a piece of advice, or if you need help, uncensored advice for men.com, fill out a quick form, connect with us there. We'll plug in letting you guys talk to you all on the next episode. Peace. 

Zac Juergensen Profile Photo

Zac Juergensen

Personal Finance, Real estate, & Responsible Debt Educator

Zac Juergensen is a personal finance, real estate, and responsible debt educator. He currently hosts a podcast called DIY Wealth focused on providing free content in order to share in his self-learned wealth accumulation journey allowing others to learn and take action on their own money management and retirement goals. He also publishes short content pieces focused on providing real value that people can carry with them to help empower their money management journey. Zac Juergensen went from being in a fair amount of bad debt with poor money management and financial behavior patterns in his early 20’s to amassing a net worth of one million dollars by 31 through self education.