Your acquaintance (I won't say "friend" because clearly he is not) is living in a dream world. That price in modern consulting buys MAYBE 1.5 to 2.0 hours of CHEAP consulting. The $80 price to which he alludes is the price associated with high-volume sales, where you get $80 per unit for selling over 10,000 units. This person of whom you speak will bleed you dry the moment you agree with him.
When I was still working for the U.S. Navy many years ago, my consulting price was over $50/hour, and with inflation now, you could easily double that. In fact, back then if you were an ORACLE-certified DBA you would have been getting $80/hour or more. But I wasn't ORACLE certified, I was only an Access expert so I wasn't worth as much.
You seriously need to sever ties with this person. If he was your conjoined twin, you would STILL need to sever ties. His attitude is that bad.