
Episode No. 48
Investing In Both Sides of the Energy Coin:Oil Leases & EV Charging Stations – Andrew Jessup
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Episode No. 48
Investing In Both Sides of the Energy Coin:Oil Leases & EV Charging Stations – Andrew Jessup

Listen To The Podcast On
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SHOW NOTES
In this episode, we welcome back Andrew Jessup as he shares how he has been able to use multiple avenues to make money. He explains how he and his business partner Greg earned almost a million dollars in their first 11 months despite having no prior experience. He also dives into how good customer service and strategic partnerships are key for a successful business, as well as the importance of taking calculated risks and learning foundational knowledge before taking the plunge into entrepreneurship. Finally, Andrew gives advice on how to use social media effectively, hosting paint and sip nights, and investing in books that can provide valuable information. Discover the many ways you can make money with Andrew’s inspiring story of success!
[00:00 – 07:15] From Negative Net Worth to Six Figures:
- Currently making monthly money in real estate
- Worked as a paid magician, DJ, and blackjack dealer/player
- Moved to DC area and started flipping houses with current business partner
- Started JG Atlantic Capital for real estate operations and JG Roofing and Construction for roofing operations
- Made almost a million dollars in gross revenue in 11 months without prior experience
- Found most contractors lack good salespeople and customer service skills
[07:16 – 14:25] From W2 to Oil Leases: How One Person Learned to Leverage Multiple Streams of Income
- Greg moved in a different direction and started a tech company, Jess Technologies
- JG Oil and Gas was started on vacation in South America
- Oil leases allow the landowner to get 25% of the money and the leaseholder to get 75% of the money
- JG Oil and Gas was formed as a C corporation to be able to divvy out shares and sell portions of the company
- Shares were sold at a premium, allowing JG Oil and Gas to have $0 out of pocket cost
[14:26 – 21:47] Andrew’s Story: Learn, Implement, and Grow – The Key to Success in Multiple Industries
- Recurring revenue streams are a focus
- Co-founder and CTO of Capital Energy Solutions, which sets up electric vehicle charging stations across the country
- Working on a product with Jessup Technologies for the gaming industry related to cryptocurrency
- Network formed from previous organization has led to various successes
- Education is important, but implementation is key
[21:48 – 34:20] Closing Segment
- The final questions
- Diversification is for investors who don’t know what they’re doing
- Wealth means freedom of choice, leaving a legacy, controlling destiny, and having multiple streams of income
- The one thing needed to take business to the next level is up to the individual
- What’s next for Andrew?
Key Quotes
“Your network is your network.” – Andrew Jessup
“Wealth is having your name on the building, you know, you, you controlling your destiny, having multiple streams of income, having access to pay.” – Andrew Jessup
Connect with Andrew Jessup
through theturquoisecup.com, capenergyinc.com, royalfamdjs.com. Follow him on Instagram
Let’s get connected!
You can find Nicole on LinkedIn, Instagram, or Facebook. Visit her website https://noirvestholdings.com
Transcript
[00: 00: 00 – 00: 00: 25]
I started focusing more in the in the tech sectors. I finally said goodbye to the W 2 and started a tech company. And, you know, went out and, you know, contacted as many people as I could to figure out how to get contracts and, and, uh, thought offering my services was able to hire some remote people, uh, overseas to, to help with some of the workload, coding, and everything that needs to be done and start to manage some of those things.
[00: 00: 26 – 00: 00: 51]
Welcome to the share the wealth show where minority professionals can learn to escape the racial wealth gap and catapult themselves into abundance. Your host Nicole Pendergrass, who her net worth from being negative to multiple six figures. Join her on her investigative mission to expose C strategies of the wealthy so we can all have the tools needed to build the life and legacy we were created to possess. Now it’s time for the show.
[00: 00: 52 – 00: 01: 23]
Hey, guys. So we’re back again. This is the second part of the episode with today’s guest. I need you. If you have not heard part 1, go back to the previous episode and listen to that first and then come back and join us here today. but you’re not gonna wanna miss what they already said because then you’ll be lost with what they’re about to say. But in any case, you don’t wanna miss the whole. You need to hear the whole conversation. It’s why we split into two parts. There’s so many nuggets. It’s so juicy. Go back and listen to the first part.
[00: 01: 24 – 00: 02: 06]
But, yeah, so part of this being a paid a paid DJ and a paid blackjack dealer or a blackjack player and the real estate investigate. How many that’s how okay. How many of these streams of income have you had running at the same time? I would have to calculate that because I haven’t talked about any of the other stuff yet. Okay. Alright. We gotta work in. So how many other things are there? Just name them all. Currently, or just step up down in the path too? Uh, I don’t you’re blowing my mind right now. So, yeah, current currently, tell me current tell me currently. What are you doing currently? And then add in what you’ve done or tried in the past?
[00: 02: 07 – 00: 02: 47]
Gotcha. Yeah. So I’d like to make a caveat that most of the things that I’ve done have not been a success there’s maybe, like, 3 that are relatively good now. Okay. The rest or just learning experiences. Right? So Yeah. You know, Did I make money in real estate? Yes. I’m continuing to make monthly money in real estate. It’s not, uh, I didn’t become a millionaire off of that at all, but It’s just providing another stream of revenue. Right? Do I wanna make a $1,000,000 in real estate? Absolutely. And I know, uh, the blueprint that it takes to get that, it’s just a matter of putting that focus on that business to grow it to where I want to be. Um, but so I’m gonna take a pause on the story from my twenties because actually, I don’t have to. I could I could breeze through it.
[00: 02: 48 – 00: 03: 39]
So the rest of the twenties were, like, uh, doing DJ, DJ gigs, Magic Shills, playing by Jack, pertaining to work, my engineering job, buying houses and renovating them and getting rental income from that. And then at age twenty-seven, I moved down to DC the DC area. Because one of my friends who I actually taught had a DJ moved down there, and he was like, hey. You can now you can you can make more money down here, you know, doing software engineering work. Than you can in in Jersey. So I did that, um, and started to network with other real estate professionals. Eventually, it met my now current business partner. His name’s Greg. Great guy. Really wealth of knowledge has had a background in real estate and mortgage. He’s a real estate agent. He’s a mortgage licensed mortgage professional. So, yeah, we got together, and then we started flipping houses down here in in Maryland. We flipped like 12 houses in, like, a year uh, and did that did that here in Maryland.
[00: 03: 40 – 00: 05: 09]
And after the money kind of dried up from what some of the margins were with flipping, we decided to take the crews that we were using to do those flights and start a construction company. So we wanted to specifically focus on roofing because interior stuff. We found that clients were just way too picky, and it was just there’s a lot. I mean, the roof is like, you know, you install the roof to specifications and, you know, you’re in that in and out in the day, and you get paid. That’s it. So but granted, I mean, I make that simple, but there are a lot of liabilities with grouping It is one of one of the most dangerous jobs in the world. Um, so you need proper insurances and everything like that. So discounting now. So I had that. There was a company called JV Atlantic Capital. That’s what we used to do the real estate operation then with the houses. And then we made another the J and the G stands for Jessup and Gray. His last name is Gray. So another company called JJ Roofing and Construction, and that’s what we did these roofing operations with. So keep in mind, I’m not a roofer. I’m not a construction person, but we read Wilkes and we went and got the Maryland home improvement, uh, home improvement license he took the exam, and Greg was able to pass it in the 1st day. He took it. So we got we became license contractors in the state of Maryland, and then we had reciprocity in DC, Virginia. Uh, so, yeah, we it was a lot of work. within a lot of learning, um, but we made almost a $1,000,000 in our 1st 11 months of business in in in gross revenue. It was like 972,000.
[00: 05: 10 – 00: 06: 47]
So and that was never having any experience. And what I found in the construction industry is that most people in that industry are not good salespeople, and they have horrible customer service. So I’m talking like basic, basic stuff. Like, um, someone calls to get a roof, you answer the phone and actually call them back, Go to an appointment and follow-up. Like, those kind of things, like, people I’ve had countless customers say to me, Wow. Like, you called me back. I wasn’t expecting. You called back. Wow. Nobody else I called ten people. Nobody even — Wow. Very low bar to surpass. Yeah. And you know what? It’s so sad. It a lot of professional, like, services industries like that, especially and I’ve experienced it myself, especially dealing with contractors of any kind. Yeah. You know, and not even just in real estate and a lot of businesses. Like, if you think about, like, people who do hair, mechanics, like, just things like that, they’re really good at the service part. Or about the business management part? Yeah. Like, they don’t know how to that’s why I pay extra to go to salons where they actually, like, have appointment times, like, have bookings. Like, there’s it the place is nice. Like, they’re they have professional services on top of being good at the actual service they provide date because you can’t have one without I mean, you can, but then you gotta deal with, you know, people being late, not calling, not communicating, needed to change your appointment, just all these little things, like, make such a huge difference in your experience, and they can be so small.
[00: 06: 48 – 00: 07: 54]
So the fact that you already had that customer service background really was, I guess, a good mesh with Greg. Yeah. Absolutely. And Greg is an awesome business partner person as well. It’s sales tactics is very personal, personable, uh, and just been successful with everything that he’s that he’s touched in in business. So really, really good strategy sit with him. Um, so that that was, like, kind of a construction thing. Uh, we are still incorporated. We haven’t really we caught went away from that because Greg wanted to move in a different direction, doing focusing back on his real estate business and selling mortgages when everything was booming, you know, at least past couple of years. and done very well in that, in that regard. And I started focusing more in the in the tech sector. So I finally said goodbye to the w2 and started a tech company. And, uh, you know, went out and, you know, contacted as many people as I could to figure out how to get contracts and start offering my services, was able to hire some remote people overseas to help with some of the workload, coding, and everything that needs to be done and start to manage some of those things.
[00: 07: 55 – 00: 09: 18]
So, wait, what kind of tech company did you start? That’s a company called Jessup Technologies. We’re a tech services company that that offer software development work, full stack software development from front and back end, middleware, anything that clients need, I can basically If I can’t do it, I figure out who I can hire to get it done, and then we do it. Um, so that’s a that’s another company. Right. And those are basically the skills that you learned in your tech w2 over the years. Exactly. Yeah. Okay. Right. But I’m kind of a hybrid because most people in the tech industry, you know, were sitting in front of your computer all day, right? And, like, don’t have very many personal skills, don’t have the sales skills. They’re highly skilled at what they do on front of the computer, but when it comes to anything else outside of that, like, you can’t even have a drink at a bar and talk to talk to somebody uh, like a normal person because you’re socially inept. That’s what I say. Yeah. To stigma in that industry, but a lot of a lot of people, you know, a lot of my peers and coworkers were like that, aren’t like that. So I would definitely grateful to have been exposed to doing things like the magic and doing things like prepaid new because that helped me be able to actually interact and talk to people, say hello, and, like, not be weird about things. You know? So that’s definitely not a lot. That’s another company.
[00: 09: 19 – 00: 10: 35]
You ask people what what’s happening now. So was currently happening now with Adhesive Technologies. That’s 1. Uh, 2, I have another company called JG Oil and Gas, right? JG Oil and Gas. So down oil that passed due. I was on vacation in in South America, and I was on a beach. And the guy next to me We just struck up a conversation. We just started talking about multiple streams of income, and I was like, hey. This is right on my alley. And he he’s telling me he’s all pharmacies. He’s on with all kind of real estate rentals, and he’s he re recently started doing oil leases. And I was like, really, what’s that? How’s that work? So it’s it gets pretty in-depth, but make a long story short blew to Texas when I got back from South America, and I went to check out some oil fields and had the opportunity to invest, and it should buy a percentage of an oil lease. And what that does, just like a lease in real estate, I mean, you have a long term lease on some land that’s producing oil. The oil the land owner gets 25% of the money, and you, as the leaseholder, get 75% of the because you’re maintaining the wells and doing all the paying the electricity bill, all that stuff to maintain all the pump jacks and all that stuff. So I started that business and, you know, wanted to apply a real estate mindset to that business too.
[00: 10: 36 – 00: 11: 58]
So I’m like, Well, in real estate, you know, if I pay, let’s say, a $100,000 per property, fix it up for $20, I’m into it for a 120 And then I refi for 200,000, right, and the re that may say that’s an 80% LTV loan to value for the refinance, then I’m getting back 160 from the refi. Right? So I put it 120 and I get 160 back. So I’m making $40 in profit but it’s ruined that profit. It’s, well, it’s loan money. Right? Yeah. And I take get my 120 back that I put into the deal. So I’m like, how can I do that in oil at least, too? Because let’s say, like, the cost of what this oil lease was. It was a $100,000 for 8.3 percent of this oil lease. Right? Okay. So what I do is I form the C Corporation, and, you know, there’s, you know, there’s F Corps or C Corps or LLC. There’s, you know, different legal entities for forming companies. So form a C Corporation because I wanted to be able to give you out shares, you know, have shareholders and sell portions of my company to people. And I would treat that like a refinance. Right? So what I what I did is I took $100,000 and then I bought the bought the release and it is producing you know, income on a monthly basis. And I said, hey, investors, I’m dividing my company in half. So I I’m an A class shareholder and I’m selling off the B class shares, which are 50%. Right? B class shareholders, they don’t have any voting power. The only thing you get out of that is that you get paid every month proportional to how you invest.
[00: 11: 59 – 00: 13: 22]
So it’s like a LP position in a syndication limited partner position? Yep. Yeah. They have no voting shares and they just what they’re Distributions are based on how much they capital they brought to the deal. Exactly. Exactly. So I did that and, you know, Mark formed a bunch of shareholders a sold to a bunch of shareholders now, and they get paid whenever we get a distribution check from the oil field. And I sold the shares at a premium, obviously. So now my out of pocket is $0. So I am — And this is just on the 8.3% of the lease that you owe. Yeah. I only owe — — 100,000. Right. Oh, come on. Oh, come on. So it’s like, I borrowed for a 100,000, and I sold I sold the shit. Well, I actually still have some outstanding shares, but I sold the shares for a 108,000. So — For each year? No. No. No. No. No. Not for you to share. For all the shares total, we’re 8 with a 108,000. So, basically, we got your money back plus 8000 now you get the cash flow from your house. And I own 50% of the company. And that 50% is from the 8% of the lease. So, basically, 4% of the entire project you own and get cash flow from. Right. Right. smart. Depending on how much the oil produces and what the price of oil and all that stuff is. You know, I know it’s an industry that’s the oil industry around is gonna be rough forever.
[00: 13: 23 – 00: 14: 10]
Even with the advent of electric cars, there’s certain things that, you know, you still need oil for, like, like, uh, uh, airplanes and big ships that shell across the ocean for transporting goods and services, like, all that stuff. So, uh, it’s not going away anytime soon. Even if I get a good you know, 20 years, 30 years out of it, and it’s still another stream of revenue. So and it’s something that I’ve I literally spent I actually, right before this call, I was doing work on it. But I spent 15 minutes a month doing that. And that they’re — What? They’re all — Alright. We have to talk more about this offline because, like, I need to know more about how this works. I’ve never heard of this. It’s got See, talk about learning what you don’t know that you don’t know. I’ve never heard of oil lease before. And this concept you did with the c corp oh, so genius. Okay. Keep going. Sorry. You, it’s smart.
[00: 14: 11 – 00: 15: 18]
Alright. Appreciate that. Thank you. Um, so, yeah, I spent 15 minutes a month, and that’s really just setting up stuff to pay out investors, pay the people who invested in, and, uh, yeah, that’s it. And at the end of the year, I’ll submit all my work to be found, and they’ll take care of that. But, yeah, it’s just it’s something that’s a recurring revenue stream. That’s what I’m really interested in in recurring revenue stream stuff. So I remember at the beginning, I said grow one thing, grow one thing. So I can have multiple businesses. I can do all these other things if I’m not if they’re not sucking too much of my time because I can focus on growing my tech business and, well, suite of tech businesses right now. So that’s the oil. Right? There’s another there’s another company. I’m actually CTO, and that’s called Capital Energy Solutions, Capital Energy Solutions. Uh, and we are a company that is standing up EV charging stations, electric vehicle charging stations across the country. Right? So my I’m tasked with leading the technical direction of this organization as we continue to grow. And I’m actually CTO and co-founder of this this company too.
[00: 15: 19 – 00: 16: 12]
So this is this is the new venture that I’ve embarked on with another business partner. Because he has, like, 50 years of experience in business, really a wealth of knowledge, um, but super, super excited about growing in that space too. And this this is one of those businesses where it’s like, you gotta be in the right place at the right time. Like, now if you were to go and, you know, it’s like, let’s say, you know, you said, hey, Drew, let’s go and buy a gas station together. Like, yeah, we could make money off of the c store and a gas station maybe, but you can tell that that industry is on its way out. Right? Yeah. The industry that talks way in is the EV industry. So there’s a there’s a praise that all ships rise with the tide. Right? So — Yeah. That industry is a rising tide right now. So you can mess up and do something amazing in that industry if you if you play your card. So — You’re on both sides of the energy, the oil, and the EV. I am. I am. Alright. Yeah.
[00: 16: 13 – 00: 17: 32]
That and that would that I mean, there’s I could have another call in and of itself, just about the energy sector as well, and some of the things that we’re doing with demand response software and how to capitalize off of, uh, uh, buying energy at when it’s off peak hour and selling it back to customers during peak hours. So even if I can setting up charging stations to that, there’s so many back end revenue streams that she can make in that in that industry. So that’s that’s another company capital IRG solution. You have another one? No. That that’s those are those are my primary focuses at this point, uh, right now. Oh, I mean, that should be your only focus there on this already Do you think? I have another one that’s in the works, but I haven’t I haven’t stood it up yet because I don’t have the time at this point, but it’s dealing with I’m very passionate about cryptocurrency, and also, you know, my background in the gaming industry, particularly with casinos. So it’s a product that I’m developing It’s a technical product I’m developing and collaboration in with Jessup Technologies and my sister. My sister is a colonel in Jessup Technology. So that that product is going to service the gaming industry and bring various kinds of various kinds of cryptocurrency related paying services to the industry so that I’m super excited about that.
[00: 17: 33 – 00: 18: 22]
Uh, we’re I’m actually on patents now so that before our suite of products is released for that, that we, we should secure the intellectual property. But, yeah, so I can’t there’s only, but so much time in the day, so I haven’t I haven’t completely. Yeah. You’re already stretching it out to the max. Yeah. Yeah. And I thought I wasn’t busy. Oh my god. But, yeah, super, super passionate about all these things. And, you know, if anyone you know, Elon Musk has, like, 5 or 6 companies and he’s somehow doing it somehow. So, uh, you know, I think that if I take put my head down and focus and grow one at a time and then move on to the next one. Once one is on autopilot or you have a proper management team in place, then you can continue to I can continue to grow and learn more. So that’s the game. That’s where I’m at now.
[00: 18: 23 – 00: 19: 37]
This was way longer than 30 minutes just so you know. I forgot. It doesn’t matter. It doesn’t matter. I forgot to set my timer, so I don’t even know how long this has been. But this is definitely gonna be 2 episodes. Okay. But the information of what you’ve done is just expands so many different industries and skill sets and it kinda all one season to the next and you just sometimes you just start with something and you don’t know where is gonna become helpful in the future just like you’re doing prepaid legal. It’s like because you saw people making money, but you didn’t realize then that the skills you were gonna gain from that were gonna help you in other totally unrelated industries years down the road. You know what I mean? But how successful would that industry would have been without or that company without your skills in customer service? I mean, you don’t know. The problem still would have been, but maybe not as good. Like, it’s just one of those things that, like, one couldn’t happen without the other. You know? Yeah. So — It’s funny because a lot of, like, business partners and people who I still interact with are grown. Those prepaid legal days, like, every close person that I’ve had where I’ve kinda rock with on my, on my team is as Go ahead to do great things.
[00: 19: 38 – 00: 21: 37]
Once an author, published author, you know, a relationship expert, dating coach. 11 owns a big marketing firm that’s bringing in, you know, really, really large sums of income on a monthly basis. You know, people from, uh, auto in the cryptocurrency industry having startups that are valued at multimillions now, like, right off the bat, just lots, lots of stuff. So just the network that I was able to form as a result of being in that organization, it just that’s also invaluable.
- You know, I’m sure you’ve heard the praise your network is your network. Yep. Of course. Very true. Oh, man, guys. This really is crazy. Okay. And now that it’s giving me so much more that I need to talk to you about offline. Uh, and Okay. Let’s we’re gonna I’m gonna go to the final round of questions that we ask every guest Okay. I really just hope everyone listening has gleaned some insight from Andrew’s story. But all the various different things that he’s been involved in over the years and how one just kind of feeds into another. And basically, honestly, the underlying theme I feel like from your story is just like educating yourself and then jumping in and implementing Like, you can’t get progress without the action of doing it. And regardless of your skin, regardless if you think you might lose all your money, like, you still just need to try it. Because you never know where that’s gonna lead you and might open doors to the next thing that and have experience if you didn’t try the first one. So you don’t always have to have all the answers. You just have to start and find something that you’re interested in, learn about as much as you can about it. And the thing is even if you wanna sink your teeth in and read 5 or 6 books, don’t let so much information freeze you from actually taking the action. You, at some point, get as much information as you can, and then just start implementing. So that’s what it’s all about. Like, implement is the bridge between your ideas and reality. Right?
[00: 21: 38 – 00: 22: 54]
So — Alright. Last – I wanna second that because there’s a thing called learn knowledge, which you learn in books, and there’s a thing called activity knowledge, which you learn from actually doing the thing. Learn nowadays. So like, the activity knowledge is is you learn a lot more faster. Uh, is that is that a phrase a lot faster? Yes. Whatever. Greg. Greg, Gregory there. You learn a lot faster with through the activity knowledge, but the foundational learn knowledge is absolutely necessary, but some people get really involved at by the learn knowledge thinking that they have to go and get ready to get ready. Like, oh, first, it’s like, in prepaid legal, people would be like, oh, I wanna get my binder, and I wanna get my, you know, my paperwork together. I wanna read the manual, I’m gonna go put my flyers in order now. I’m gonna get off this desk and off this chair and sharpen my pencils and, like, people are busy talking. — company pesos, and I am out there talking to people. I get it turned down, get it rejected, but every ten times, you know, I got 1. Talk to 10 more people got 1. Talk to 10 more people got 2. Yeah. And more people got 3. Wow. So now I’m improving. Right? Yeah. At least sharpening your pencil. Yeah. That’s it’s I completely second, which you said. I mean, it that’s right on my way. Right on my way. That’s crazy. Okay.
[00: 22: 55 – 00: 24: 02]
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[00: 24: 03 – 00: 25: 48]
So final questions. Now, the first one is Warren Buffett said that diversification is protection against ignorance. Now what do you take that to mean? And is it right wrong? Is it positive and negative? What do you what do you feel about that statement? Yeah. I’m actually familiar with that phrase. Uh, there was another version of a pen saying that, uh, I think he said something to the effect that, you know, diversification is for investors really just don’t know what the heck they’re doing. So yeah. I mean, I agree with it because if you know what you’re doing, you can make things work that need to work. Uh, but I’m not saying that you don’t diversify your income stream. I absolutely do that, but I I’m not a huge stock person, and that’s another thing that I need to learn. Like, I’ve invested very minimally. Like, I know more about cryptocurrency than I did stock, but You you’re asking what my take on that is. I mean, I agree with it. I absolutely agree. Okay. True. And you know what? And that’s exactly what I take it to mean as well is It’s just that people diversify, like you said, because they don’t know what they’re doing. So they’re just exemplified to be — What a 401 k is. like. Yeah. To be certain. — job back doesn’t know anything about investing. So they give their money to some money manager in the sky who diversifies investing, makes them some small return while they’re literally, you know, raking you through the coals with their fees and stuff like that, making zillions of dollars while you make a modest return. Yeah. That 1% fee is Sandoz Little. It Sandoz like it’s little. That’s why it’s disarming to people. But if you look at the charts — Yeah. — that that journal adds up over time, but real bad. We gotta save that breakdown effort.
[00: 25: 49 – 00: 27: 31]
And that’s actually a good podcast episode uh, someone breaking down the chart of, like, what those fees actually mean for your investing. But, anyway, so, In the game of you paid monopoly before. Absolutely. I know you have. Okay. The road walk in a Baltic, what is your first purchase and why? Like, what’s your strategy for winning the game? Was my strategy for winning the game? Yeah. Which one are you gonna purchase first in your attempt to win the game? What? I know people don’t like those 2 options. Sometimes people like middle of the road, but obviously, boardwalk or ball sick? Well, the ball tick. I don’t remember that one. I know. So the asset is the cheapest one. Board was the boardwalks and those expenses. Oh, okay. My answer is everything. I mean, I would try to win that game by literally buying any and everything that I could before and land on. And Whether it was a cheap one or most expensive one, because, like, let’s say you go around the board 8 times and you save up your $200 you get, right, just to buy boardwalk. And if someone lands on that, he’d paid. Right? But the chances of someone landing on boardwalk are, like, how many spaces are on monopoly? Like, 36 or 40 space on a forty chance of you getting paid. Right? Whereas if I spent my money and I bought everything else on the map, I’m getting paid wherever you go. It’s like, yeah. I mean, that that that was my strategy to do — Yeah. — to do what — Somebody actually answer was, they hurt. You don’t have those have phrase. You buy real estate and wait. You don’t wait to buy real estate. Right. So that makes sense. Buy would you land off first. Okay. I like it. Yeah. Whatever may if the numbers make sense, like, anything could be a deal if the numbers make sense. And — Exactly. Exactly.
[00: 27: 32 – 00: 28: 49]
Okay. What does wealth mean to you? What does wealth mean to me? Means via the freedom of choice. It means the ability to use your use your resources to help other people to grow our businesses and ideas that you have to really have the freedom to explore things in life that you’re passionate about. So, um, wealth is leaving a legacy for your family and you know, not being attached to a 9 to 5 unless you wanna be. Like, it’s your choice. It’s your choice to be building xyz business because that’s what you’re passionate about. That’s what you wanna do. WAP is having your name on the building, you know, you controlling your destiny. having multiple streams of income, you know, having assets that pay you money every month. You know, if you are your only asset and your asset does not go to work, then your asset will not get paid. Right? So, yeah, that’s what it means to me. All those things. I love it. Uh, only a couple more. One more main one. Ret is okay. This question is, what’s the one thing you need to take your business to the next level? Now which business you wanna refer to? It’s up to you. You got too many businesses, bro. You could take that.
[00: 28: 50 – 00: 29: 24]
Gotcha. Gotcha. I’m a I’m a I will tell on a coffee shop in our studio in South Jersey. Oh my god. I don’t care. I’m a co-owner of that. I’m seeing it. another business partner. I forgot. I forgot that one, but that that’s actually, though. It’s called the turquoise cup. Uh, we can put that like in there too. Has anybody in South Jersey should know to check it out? I’m running down now next up. I’ve got my files up in a door to your chair, Prince Tux. Oh, man. Why? I cannot it’s just too me. Okay. Pick a business, whichever one needs them, you’re in the mercy room at this moment, it, like, what do you need to help that? Because you never know who’s listening. You know?
[00: 29: 25 – 00: 30: 34]
Sure. Sure. So pro probably the turquoise cup. It’s a brick and mortar business. It’s a paint your own pottery studio. We, uh, we are what’s called an art cafe. So It’s a cafe. It’s a Starbucks that that, you know, you can do paint and sip nights in there. We were out the space. It’s on High Street in Burlington, South Roan City, South Jersey. Uh, so what do we need to take the business to the next level? Uh, strategic partnerships with schools with churches, uh, you know, getting the word out there, that that we have an event space, something that you can do a date night with your significant other. You can bring your kids. We host a lot of parties. We’re, like, booked, booked up till May with, like, a lot of parties every weekend, which is huge. You know, we’re. We’ve been the business has been in business for, like, 12 years, but we were in North Jersey, and now we’re we’ve relocated in. We’re in Hoboken in Jersey City, and now we’ve relocated to the South Jersey. But, you know, that’s probably the business that’s in the most growth mode right now. Wow. Okay. I can’t and we need to make this. I can’t you’ve probably got 5 more business units. You forgot. You can’t you can’t go in there. — thing in one day. And the complications, no. No. We can’t.
[00: 30: 35 – 00:32: 57]
Alright. Last question. Just how can listeners get in touch with you if they wanna talk to you, connect, if they have some type of similar synergistic businesses or knowledge or skills, they just wanna see, you know, how you can add value to each other. Gotcha. Alright. I put it my email in the in the link, Andrea jessuptech.com or, uh, or my — — social media? Yes. social media Instagram is at dru. That’s It’s kind of a play on word. So my name is Andrew Jessa, but everyone calls me Drew. And, uh, so I just spelled the word Drew out, b e e a r e y o u. Drew. Yeah. We’ll have that link down in notes and show notes as well. Alright. Well, thank you, Mister Jessup, for blessing us with your myriad. Like, you are the crazy. Not craziest, but, like, the most diverse entrepreneur I have ever talked to actually. And I know you were so mad, but, like, so much has happened in the span of time that it’s just it’s ridiculous. You’re into everything. You don’t have super diverse all over the place, but, like, diverse, but dug in. Like, I don’t know. This dug in a word is that might be a bad grammar too. But, anyway, you know what I mean? Like, you better your experiences that ride but s so deep because you go deep into knowing what you’re doing so that your divert well diversified. So thank you for sharing all the information that you did. I am excited to, like, dig in some more to this and potentially partner with you on something in the future. Some of those things just sound so interesting that I had never even heard about. And that people know how to, like, go out and search for that kind of information. Um, maybe I’ll get some more books from you for offline, and I’ll put those in the show notes too because you’ve read so many books. You probably could have, like, a huge, like, just a Google drive sheet, just full of all the books that you red and different industries or topics that people can start going into if they’re interested in anything that you’ve said if they wanna get involved. So Okay. Sounds like a plan. And like I said, thank you so much. Thank you. Thank you for having me. It’s been a pleasure. And, uh, I, uh, look forward to talking in the future. Night.
[00: 32: 58 – 00: 33: 38]
Alright, everyone. So if this episode was of any value to you, don’t forget to share it with someone. Make sure you like and subscribe to like, and subscribe. I think that’s YouTube. So, man, make sure you like and comment in iTunes. So that we can expand and reach more people. It really helps to show out so that we can share this information with more people. We can uplift the community and get everybody getting these multiple streams of income because that’s what it’s all about. Right? So in any case, I will see you or Here you hear you. See you. We’ll include next time.
[00: 33: 39 – 00: 34: 03]
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