RPS Training Course Live Training Sessions
March 19, 2025
RPS Training Course Live Training Sessions March 19, 2025
Live Q&A with Syd Michael
(Raw transcription; not proofed for grammar or spelling.)
Click here for Google Doc of the transcript.
0:03
Set your watch like Casey Jones 11 a.m. Wednesday. What’s going on?
0:08
Good to see you Michael G Tina Kevin guy Mr.
0:21
Larson You know, I said Mr. Larson cuz my redneck *** can never say your name, right?
0:34
Did it go the long way, not the wrong way? Wanda Pretty cool watching those astronauts come back. I felt kind of patriotic seeing that.
0:53
Did anybody see the dolphins?
0:54
They started running around the capsule as it went in the water.
0:58
How cool was that?
1:00
Philip Hayes.
1:03
There’s something like extra about dolphins.
1:06
I don’t know what it is, but there’s something, they seem like they might be a little, I don’t know.
1:12
A lot of fishermen hate them because they eat all their fish, all their bait fish and stuff, but Kevin definitely helped him sweet bro.
1:31
Yeah, very intelligent.
1:32
Yeah, there’s something special about him for sure.
1:42
I got to, you know, I went and swam with the dolphins and I think the Bahamas is where I was at.
1:47
It was like 25 years ago, but that was pretty fascinating.
1:54
I thought it was fascinating that to touch the dolphins, but it was also fascinating that they had to tell people not to stick their fingers in any *******.
2:03
Hey, is there people over there trying to wallow out holes and touch stuff?
2:08
That’s awful.
2:09
Oh, no. What’s up, Doug?
2:13
Um. All right, we got a few people jumping in.
2:18
We’re coming to an end.
2:21
It’s starting to do the power close out.
2:27
Let me see who all is with me here.
2:32
uh Nicole Nicole I know uh I know when I talk to um uh to uh Vanessa well I was gonna get Vanessa talk about it but definitely on April uh 15th uh you uh well I’ll let her say it because if I say it then I’m responsible for it it’s hard but on April 15th there should be no more charges let’s Let’s just say that.
2:56
Right.
2:57
Right.
2:57
No more RPS charges.
3:01
And I appreciate everybody who was loyal with us and to the end, you know, it takes a ton of money to run this thing, you know, and we’re going to still be running it for two years after this to collect everybody’s money.
3:15
But we didn’t feel that it was fair to charge some of the 249s or whatever.
3:23
Or what was it?
3:24
197.
3:24
I can’t remember it’s 197 yep so you welcome guy it’s uh that’s that’s the right thing to do and listen if we could have if we could have paused it during the moratorium or whatever we would have but again super super expensive to run this this you know this thing turned out to me and brian just saying hey i think we could get 10 or 15 people that you know have a fun little group right, to absolutely blowing up.
4:08
We’d have known how big it was going to get.
4:10
I might not even got invited if we had known it was this big.
4:15
We thought it was just going to be something small, and it turned into some bigger stuff.
4:23
You sound like you live like me, Kevin.
4:30
Just out of curiosity, oh, that’s cool.
4:33
Just out of curiosity, and I’m just curious.
4:36
It’s just a yes or no question.
4:38
How many people are into crypto and how many people are not?
4:41
I’m not gonna talk about financial products on this all for sure, but No, very cool. A lot of people are good. It’s an exciting year.
4:56
It’s a super super super exciting year for crypto Even if you just follow the four-year cycle Kevin says I had to humble myself and learn from younger people.
5:13
That’s okay, man. There’s a lot of smart younger people at least for me now I mean, I used to be the kid.
5:18
Now I’m the, you know, the old man.
5:24
I know there’s a few on this call older than me.
5:29
But I got burned on, Tina said she got burned.
5:33
I got burned too on that USI.
5:36
It was awful, dude.
5:37
Where it paid 1% and all that stuff.
5:39
And I worked, I had like 850 people under me.
5:43
I was making like a half a Bitcoin a day at that time.
5:47
And, you know, of course, it all got just rug pulled and I got rug pulled on Voyager to who would have known that publicly traded company.
5:54
I lost 260 grand a few years back.
6:01
But for any customer who is archived, do they have to have all their documents in by April 15th?
6:08
Absolutely.
6:09
They need to submit their deal.
6:13
You know, and Brian’s they’re doing some fail stop stuff.
6:17
I mean, you know.
6:19
uh where where they’re auto submitting some people’s stuff just in case but uh you know they they saved you know that’s where that’s where John is is really most valuable he’s uh he’s really uh it with him and Brian together really right Brian Brian smarter than he probably comes across to I don’t know if y ‘all notice that but um they uh they do a lot of fail-safe stuff you know I mean there’s a lot of opportunity out there we got to take advantage of everything all this hard work. We just committed almost three, four years of our lives.
6:54
I hate to say it, but it was like an internet product at first and turned into a business.
7:00
We had well over 400 plus employees over those two years.
7:06
I know a lot of people that bought their first houses that worked for us.
7:10
It was exciting to see they’re living in Tampa now, which is the last place I’d want to buy a house and you can’t get a crackerjack for less than a half a million, you know, but it, you know, it was exciting seeing people do that, you know, and like Brian talked the other day when we were talking several, we have several AEs that have done over seven figures, right?
7:34
Not only do they live in the US, but also in Europe and in the Netherlands and other places.
7:40
So, you know, I don’t know about you, but when you could stimulate the economy with that kind of volume and that kind of amount of revenue, it feels kind of nice, right?
7:54
And we’ve helped over tens of thousands of customers, which, you know, a lot of them, we actually saved their businesses.
8:03
Unfortunately, due to the slow response to the IRS, some people lost their businesses before getting the help, you know?
8:13
And y ‘all know how I feel about that.
8:14
I mean, even people getting money today, is it really helping you from 2021, whatever?
8:22
But of course, Alex, yep.
8:27
Last deal submission, I mean, we said March 31st to give it some time, but I promise you they’ll take any deal they possibly can up until the 15th if they can process it quick enough.
8:38
It’s not guaranteed if you wait until the last day, but I promise I guarantee you they’ll try.
8:45
That’s for dang sure.
8:48
So Nicole, Jaleesa, did y ‘all have anything y ‘all need to go over?
8:53
Oh, nice, Julia, right, the last second joined yesterday and the restaurant is almost through the pipeline.
9:02
Good.
9:07
Hey, Syd.
9:09
Yes.
9:09
Can you hear me?
9:10
Okay.
9:11
Yep.
9:12
Okay, so everyone, we are doing all hands on deck, support included.
9:22
If you have questions and you’re seeing something in the portal or something, please still send in tickets.
9:29
There may be delays and responses, but we’re helping out the Tampa team right now trying to make sure everything has been done.
9:38
So we may be on the phones calling clients to or just doing admin work to make sure all of the 2021 files are in and things like that, or if we need to resubmit so I did want to let everyone know that just in case you may not get an answer right back I know a lot of times the turnaround times for our tickets are pretty quick but there may be delays in responses until the 15th but we will still respond.
10:07
I just want to put everyone on notice.
10:11
There you go.
10:14
There you go.
10:23
Good job, Julia.
10:24
Way to finish out the we’re in the fourth quarter, right?
10:30
Put one into the end zone.
10:31
That’s good.
10:34
What are you guys going to do when it’s over?
10:38
Well for us, like I said, we still got to process a lot of claims and we think it’s going to take 18 to 24 months.
10:48
So I would do that.
10:49
Me, you know, I have a couple hobbies, I have a couple hobbies, I play the market a lot.
11:04
I am. I’ve also been big into crypto for years and, uh.
11:12
To be honest with you, I got a gun range on the back side of my property.
11:15
I go there and shoot every day.
11:22
Yeah, and, uh, I like to do it.
11:25
I like to gamble a little bit.
11:26
I like to play blackjack.
11:28
Right?
11:30
That’s true.
11:31
Kendall Kendall put up the slot machine.
11:33
He knows.
11:36
Yep.
11:38
I enjoy playing poker and stuff.
11:40
I like anything like that.
11:42
But I’d rather gamble in the gentleman’s casino called the stock market than the actual casino.
11:52
You know, it’s just when you got to take your girlfriend out or something like that.
11:55
Sometimes the actual casinos are better.
11:59
But in fact, I’m going on the 30th to see a comedian, which I’m pretty excited about?
12:13
Yeah, if anybody has questions about crypto, it needs a little bit of, you know, if you need a trusted person just to help you get involved or to explain a little bit to you, you know, shoot me a DM, I’ll definitely help you.
12:26
That’s kind of, you know, me and Brian, even back in 2017, looked at doing a couple things with it.
12:31
But where I personally got the gratification out of it was helping people that was intimidated by it the same way I was you know back in the in the day and and then just kind of walking them down the path and getting them getting them started how about plans to offer more services to our ERTC clients yes yes I don’t know what I can talk about we’re working on a couple things with I just can’t I don’t know if We’re working on a recurring thing that you could offer to your ERTC client that is an absolute no-brainer and it’s going to be baller.
13:17
The one guy that we partnered with, because it required insurance licensing and stuff, just had quadruple bypass surgery.
13:25
So we’re just waiting for them to kind of get a little bit better.
13:29
And the second we know more, I promise you, we’ll tell everybody about it.
13:33
But it’s really cool.
13:34
Let me give you a small picture.
13:37
Imagine if any small business that has no benefits, could offer a relevantly decent wellness and telehealth type business, our benefits to their employees for mere pennies on the dollar every month.
13:57
We realized through the hiring and employees, as many employees we did our benefits really sway the difference in talent that we got over the past you know four years and this would be a super exponential help to all the small businesses out there that aren’t offering full medical packages or even if they are it uh it adds on you know um and it’s super inexpensive but the beautiful thing is it’s recurring it’d be recurring for us and you.
14:31
And so we know that that could be a not if, when, right?
14:36
So it’s about all I can say about it.
14:43
And I don’t even know if I’m gonna be involved in it.
14:46
I’m not even sure yet.
14:47
I’m sure I will be, but yeah, it is cool.
14:53
Julia, Tina, very cool actually.
14:58
That it just includes that Doug, just I know it includes telehealth stuff.
15:02
that’s one of the big big pieces of it so you know I got to tell you like and I can tell with even with Brian like you know when when you went to the level that we went in the last four years and the amount of negotiations and major like financial negotiations you have a short fuse with with any small small time, you know, internet marketer type. So, you know, we’ve got time for that.
15:37
And we’ve just grown so much in the last four years, which is good.
15:43
And so, you know, we’re extra careful, extra cautious, you know, we test everything 100 ways from Sunday.
15:50
Now, you know, last thing you want to do is, is put anything in front of y ‘all who are our best people and it not be something that you can 1000% lean on, right?
16:01
You don’t want to, you don’t want to dry rotted hammock, you know?
16:06
So anyways, I’d love to.
16:19
Did you, did you get that Philip Hayes talking about my car flipping course I did a long time ago?
16:27
You know, I still flip cars.
16:30
I don’t do near the volume I did back then, but I still flip two or three cars a year.
16:35
Always.
16:35
I’m always wheeling and dealing something.
16:38
In fact, right now I got a 09650 black convertible BMW and I’m cleaning up, I’m going to flip.
16:45
I’ll take it.
16:46
How much are you going to charge me?
16:48
Like $500?
16:49
I’ll take it.
16:50
$500 a month, you’re in.
16:57
You know what killed me on that, Phillip?
17:00
When I came out with Quick Cash Whipper, the Black Hatters got it and Black Hatted the **** out of it everywhere.
17:05
I mean they and that course was so honest and truthful. It was cool.
17:12
But the only claim to fame that I can say is they were charging more for my course on the black hat forums And they were Larry King’s so that made me feel good.
17:24
You know, they stole millions from me with a portal that remains the same. I don’t know Chris.
17:31
Good question Obviously, you’re gonna be able to track updates.
17:36
Yes, a thousand percent would never want you to be put in the dark.
17:40
We’re not looking to make you a mushroom.
17:44
Yeah, Chris, the portal should absolutely be up.
17:48
Just because the IRS is no longer accepting new applications, they’re still processing the claims that they have.
17:57
We are still going to have to track those claims and keep updates and talk to the clients and things like that.
18:04
We want the agents to be able to see that, especially for those agents that have a good rapport with the clients, you know, just to make sure that everything is still in place and processing things like that.
18:19
So that’s the way for it to keep you guys updated on your deals because I mean, we still have to pay commissions.
18:28
Yeah, the Facebook strategy that was called a social vending machine and you know, I still have a dealership that pays me $2 ,500 a month and has for over five years, has for over five years.
18:46
Let’s see, Chris, what question are you talking about?
18:50
Chris, do you want to read?
18:51
Okay.
18:52
Well, sometimes when I answer, I don’t want anybody to know what the question is.
18:56
I’m sorry, but yeah.
19:00
Well, we still have those updated meetings Wednesday.
19:04
Yeah, I think so.
19:05
I think so because we’re gonna have to talk more about the collection and I’ll do whatever I’m told, but I think we gotta talk more about the collection.
19:14
And we’ve got a couple of things coming that we’re considering even though you’re, well, I don’t wanna give them.
19:24
I can’t talk about it.
19:26
Either way, yes it’s going to keep going.
19:28
We’re considering where you’ll get involved in two or three or any other platforms that we’re about to get associated with if you remain at your 197 or maybe even less. So that’s what we’re talking about.
19:43
Best way to contact Syd or Brian, don’t contact Brian, he won’t respond. Me, be careful on press releases because you got to get them approved.
19:56
I saw some, they sent me a press release the other day that somebody put out and it looked as if they were us.
20:07
Jaleesa, send in a support ticket, Tina.
20:11
Send in a support ticket or go to any Alabama slot casino, you’ll find Jaleesa.
20:18
Absolutely, absolutely, you will see me at one of the three locations in Alabama.
20:27
Anywhere they used to race dogs that now have slot machines.
20:30
I mean, you’ll find Jaleesa and her mama, I’m just playing.
20:39
Hey, Roland. Yes, we still have UCCs in place.
20:45
And most of them aren’t contingent upon if they don’t pay.
20:49
We have them in place because if they don’t pay, we already have a lien.
20:53
And if it has to go to collections or legal, hopefully it doesn’t have to go to legal.
21:00
We have like a killer collections team right now.
21:03
And that’s the reason you guys are getting paid so much because those guys are, and one girl, are bringing in money.
21:11
Yeah.
21:11
Like it’s nobody’s business.
21:13
And Brian, you know, for the last six months, I know he’s worked on the collections and they finally got it right.
21:20
Right? Wouldn’t you say, Nicole?
21:22
I mean a couple of the collections that they tried to work with were worthless and weak.
21:27
They were only selling the service of collections not actually collecting.
21:32
So right these guys come from a collections background and I mean I wish you could see this as the support channel.
21:42
Demetrius is the team lead and then they have Josh who’s who is probably an all star like he is constantly asking for invoices because he’s got people that want to pay it’s every day day in and day out and they are set to a specific dollar amount that they have to collect every month i think so um they’re probably going to exceed that goal it’s it’s it’s really refreshing because we should have had this a year ago but i’m glad we got him now When we had a collector out of Tampa, I got along with him really well, but he was kind of a hard nose.
22:20
I mean, the guy was like, I don’t know, he was a cool dude.
22:23
I liked him, but he was very brash.
22:26
And so he came, you know, obviously it comes with good and bad, you know, when you’re talking to, you know, you got to be a little bit crazy to be a collector anyway.
22:35
You know what I mean?
22:35
Like you definitely got to have no empathy with the word no, or any excuse, you know?
22:45
And whatever, he ended up getting too brash.
22:50
So I think they let him go, but whatever.
22:53
Yeah, he was a little rude.
22:56
Let me say this too, just for responding to some of the inquiries that we have, you guys are going to start seeing a lot of notes and a lot of calls going out on the clients from, well, in the portal, because we do have a dedicated team now that does nothing but reach out to the clients to make sure that they remember us, they know who we are, to make sure they know they gotta pay us.
23:24
So you will see an influx of messages.
23:29
I’ve had a couple of tickets that they didn’t understand what the message was saying or what it was about.
23:34
That’s fine, you guys can send us tickets.
23:36
We’ll interpret it for you.
23:37
but we kind of encourage them not to use shorthand and lingo so everybody can understand what’s being said and make the notes concise, clear and very specific just in case we have to use it for legal purposes.
23:55
So you should start seeing better notes or you should be seeing better notes.
23:59
You should be seeing more precise notes and you should see a lot more contact going out to your clients.
24:15
Very, very, very cool.
24:22
Hey, Michael.
24:24
So Michael’s question, everyone will benefit from this.
24:27
When refunds for quarters come in, will we also see those logged in the portal?
24:32
You will see a note.
24:33
The note will say, spoke to the client in regards to notices for quarter refunds, and it’ll show the quarter, and then it will say invoice client, and it will also have the name of the client. I’m at the amount that’s being invoiced to the client.
24:55
Michael, so I want everyone to also understand that even though we are receiving partial payments from the clients, you will not receive your commission until the full fee is paid.
25:09
There will be no exceptions because I see names on here that I’m still receiving tickets for daily asking about your commission for a partial payment and we are not paying out any partial payments. Also let me piggyback on that too.
25:31
We’ve got a couple people, Guy in particular, I love him.
25:36
If your clients tell you they are getting notices from the IRS, please send it to us.
25:41
We may already have it, but it’s better to have two of them than not to have any of them.
25:47
So if you’ve reached out to your clients and they’re saying, well, the IRS sent me this letter, ask them to scan the entire letter to you and send it to us in a ticket desk or in a Slack channel if you’re a platinum agent.
26:00
So we can get it to the team.
26:02
If it’s an overpayment notice, that’s great.
26:04
That means somebody’s gonna get paid soon.
26:06
But if it’s a notice that is saying their claim has been denied or whatever, we gotta get our CPAs on that.
26:13
They are time sensitive. Sometimes they get 30 days, sometimes they get two weeks.
26:19
So the sooner we can get the letter in and they can get working on it, the better.
26:26
When he digs his way out of his igloo, he’s got to send in a support ticket. That’s all.
26:33
He lives in Minnesota where it freezes.
26:39
Who’s in the cold weather right now? Anybody?
26:42
It actually kind of snapped cold for about a day here uh um in florida it drives me nuts when when you got in the morning you turn the heat on because you’re about to freeze and then you got to turn on the air conditioner by the afternoon if you know you feel like you’re kind of fighting yourself there drives me crazy um all right all right uh colorado springs last oh there’s a blizzard **** Carl um 70 in Toledo that’s I’m talking about 34 degrees 25 mile an hour north winds in Minnesota cold rain in Wisconsin how far up Wisconsin are you Michael are you in like Eau Claire or Madison or where you at Madison you know I know exactly where you’re at you’ve been north to troll city for whatever reason I have yeah good people in North Chicago Wisconsin outside of Chicago right in the suburbs like sheboygan places like that great people man i agree carl yeah the summers are awesome yeah i was in middleton illinois um once and uh in fact i ended up buying a cadillac from there i bought a 65 cadillac from there that maybe i don’t know but i was up there and i was up there during the summer uh visiting a girl i was gaten’s parents or whatever and dude it was like a movie like all the people are like had their weber grill out front I mean, I was like, I felt like in a movie for a minute.
28:39
It was crazy, it was beautiful.
28:40
If I had kids and it wasn’t so cold, I’d raise them there.
28:54
What is SDR working in our back office?
28:58
I don’t know.
28:59
Jalisa, you might get to answer that.
29:01
Yes, hey, Johan, so SDR working just means that we’re trying to still push the file forward with connecting with the client or reconnecting with the client.
29:15
It’s like what Syd said earlier with Brian and John, they’re trying to, you know, revive some of the files, especially for those blue states that Syd is always referencing on the call.
29:29
So they’re just trying to get the client to, you know, respond and see if we can go forward with the deal and get our CPAs to review things like that, that’s all.
29:40
We’re just trying to revive the deal.
29:46
Very cool. Correct, Chris.
29:58
Our lockbox is still working this year.
30:00
They’re actually, I think they’re looking at a different company right now, and those things are tricky, so I can’t even really go much into detail with it because you’ve got to change the address and then sometimes the address changes back, and it was the greatest idea for the most part, but it didn’t work out as great as we wanted it to.
30:21
I’ll give you this much information, Michael.
30:24
So that very last commission run when Brian posted all of those people receiving multiple commissions, most of those were lockbox payments that we received.
30:36
Yeah, it was about 58 checks from the lockbox in one week.
30:49
All right, respect everybody’s time, man, I appreciate it. I’ll see you next Wednesday.
30:54
Hopefully, I can go more into detail and give you some more information because I’ll be honest with you.
30:58
I’m actually pretty excited about it.
31:03
But I hope everybody has a great week and I hope it warms up and has nice weather for everybody.
31:10
All right.
31:10
See you later.
31:11
See you, Julissa and Nicole.
31:12
I miss you all.
31:13
See you.
31:14
Come see us.
31:15
See you later.
31:17
See you.