New Class Rising with Hector J. Mises

In the third quarter of 2018, the central banks of Russia, Turkey, India and other countries went on a splurge of gold buying. Collectively, five major countries including India, Russia and China demanded 33% of all of the gold mined out of the ground this last quarter. The question is, why are these major economies splurging on gold at a time when the U.S dollar is on the rise? In this episode of the show discuss why this is happening, why this is going to deal a big blow to U.S economic dominance and why this is of the upmost importance to you and me.    Support the show on Patreon Follow me on twitter: @HectorJ_Mises Show notes: http://www.NewClassRising.com/152 YouTube video podcast Get my Book: De-CLASS-ified: The fall of the middle class and rise of the internet entrepreneur

In this episode of the show I am sharing my #WalkAway story. There is not intro or outro music because I basically took the audio from the video I published but I wanted to share this as an episode for you to view. Do you have a #Walk Away story? Buy my eBook: De-CLASS-ified: The fall of the middle class and rise of the internet entrepreneur Follow me on Twitter: @HectorJ_Mises Show notes: http://NewClassRising.com/151

On this episode of the show I am sharing what the #WalkAway movement is all about and why I think it is important to aspiring entrepreneurs everywhere.    Buy my eBook: De-CLASS-ified: The fall of the middle class and rise of the internet entrepreneur Follow me on Twitter: @HectorJ_Mises Show notes: http://NewClassRising.com/150  

On this episode we are talking about the student loan debt problem that is facing America and the long term impacts that this is going to have not just on individuals but on the economy as a whole.  Get my eBook: De-CLASS-ified: The fall of the middle class and rise of the internet entrepreneur   Follow me on Twitter: @HectorJ_Mises

Imagine you are taking a walk through your neighborhood. It's a unusually breezy, but warm summer evening and you happen to run into a neighbor. You stop to chat for a bit and during the discussion you start talking about finances.  You're neighbor tells you, "Yes John, I jut hit a big milestone in my life. I've paid off my mortgage, student loans and all of my credit card debt.  The only thing I owe now is just a $2,000 car note and I I'll be scot free" By this time next month, I will be debt-free and ready to build up my savings and nest egg even more.  You wouldn’t say "Jeez. I'm sorry to hear that. These must be tough times. What happened? Is there anything I can do for you? Thankfully, things are going great on my end. I owe $350,000 on my mortgage, added another $10,000 in credit card debt and my student loans, well, I'm thinking about going back to school for another $50,000. Things just couldn't be better!" but that's what Keynesian economist want you to believe.  On today's episode I you'll learn: My top 3 reasons for why American's have now incurred over $1T in credit card debt 3 ways to pay-off credit card debt faster   Video Podcast:https://youtu.be/MD_hhmbYdxk Follow mean twitter: @HectorJ_Mises Show notes:  http://www.NewClassRising.com/148    

As promised, this week we are bringing the "7 Wealth KPI" series to an end. But the fact of the matter is, that we are jut getting started. If you've been listening to this series, then you know exactly what I mean. Over the last 2 episodes of this series, I've covered why it is critically important that you as an individual being to treat yourself like a business. What do I mean by that? As a loyal listener of this podcast, I know there is one thing that you want more than anything - Financial Freedom.  Why? Because financial freedom will buy you the lifestyle freedom to live your life however, which whomever and wherever you want & the time freedom to live it on your terms and time frame. But, there is a BIG but... How do you get there? Well, you can invest the earnings you get from a job and over time, it is possible to reach financial freedom. But a job alone will not do it, fort he obvious reasons. Stop working and there goes your income inflows. The only way to obtain financial freedom is by providing an incredible amount of value to your fellow man through the market system - entrepreneurship. In essence, you have to provide so much value, that your fellow man will voluntarily give you the dollars in his pocket (or his back account) because he values your product or service more than the money itself.  So that's it! That's the answer. Become an entrepreneur!  Easier said than done right? The problem is that one of the biggest hurdles that holds people like you and me from staring a business is that fact that we don't know if we can financially afford to do so? In other words, do we have too much credit card debt, student loan debt, car note debt, mortgage debt, etc, etc, to even be able to set aside $100 bucks a month to get our first website off the ground? I think, subconsciously we absolutely know the answer to that, but consciously we toil with the question over and over again and, well, sitting down and actually find out the real answer may be too painful to our ego, so we decide that the addition to not knowing whether we can get started is what we'll settle for. This is literally what happens is our heads. So, if you're going to become a business owner, the jury is in. You have to get your financial house in order. How are you going to do that? Well, first you have to give yourself compassion and you have to understand that you cannot change the financial decisions that you've made in the past. You can't go back and un-buy that car, un-buy that 75-inch 4K flatscreen or request a refund from your University for educational malpractice. (C'mon. Seriously! Have of most degrees are useless) See what I just did right there? ;) The second thing you are going to do is, you are going to start to treat yourself like a Business!  You are going to start to track your Wealth KPIs. Not just this month, or next, but for the long term.  we started this conversation in episode 144: Treat yourself like a Business - 7 KPI Series and we are ending the series with this episode today.  But your journey (our journey) is just getting started. In this final episode of the series I am going to share the most important step of all. I've saved the best for last.

Well, it only took me another 4 months to produce another podcast episode. Yup.. I know. Pretty shameful! Especially when you consider that over the lat couple of years my podcast output has been decreasing year after year? In fact, at this point I wold be surprised if I have any loyal listeners left.  I mean, how many 3-4 month podcast release intervals would you survive before completely giving up and deciding that its no longer worth listening to that particular show? I would venture to guess, not many? The truth is I love doing this show. In fact, right before I jumped on the mic and hit the 'record' button, it was a bit of a rush for me. Now granted, this may be due to the fact that, well, I just have not produced shows consistently enough over ht last couple of years for me to sort of acclimate to the whole thing. I would say, " sure, that's certainly part of it" but the other part is that I really get a kick out of being able to talk to my audience - the Rising Class!  So, I am going to strive to be more consistent and we'll let by-gones be by-gones  I really hope you continue to stick with me and the Rising Class!

So. I know, I know - I've been away from the show for a while (again) but let's put that aside for a sec because I have been hard at work and I have something pretty rad and important to give to you at the end of this episode -- but first, let me go into what I am covering on the show for today. On this episode of the New Class Rising podcast we picking back up from where we left off last time and I am covering the 7 specific Wealth KPIs that you need to track to be 100% crystal clear on your Financial Snapshot. Look, I am unequivocally convinced that one of the reasons why I have not been successful in business has been because I've carried with me too many levels of stress have not served me well, and in fact, have served as resistance to actually executing on my own ideas that could may have produced a profitable business with monthly streams of passive income. What am I referring to?  Debt - that's what! You know, one of the reasons you see Mark Zuckerberg and would see Steve Jobs wearing the same clothes often is because they know that if they minimize the numbers of decisions they have to make on a daily basis, which actually increase stress, that energy can then be forced on actually accomplishing the things they want to get done.  In essence, they reduce stress by not focusing on the things that don't matter and instead focusing ALL of their mental energy on the things that DO matter. Sounds like a pretty monumental idea, I know (you do realize... I am totally kidding, right?) but bodying this one simple thing they are ensuring they minimize stress and mental roadblocks and that they can fully commit to their work. Similarly, being crystal clear about your financial snapshot can allow you to have the same level of focus but when it comes to making LIFE decisions, like deciding you've had enough of the stuff your boss is serving you on the daily and you want to explore the entrepreneurial world, from the comfort of your safety-net job of course.  Seriously though, removing this stressor is what I believe holds many people from making the decision to become entrepreneurs and for those who do make there decision to do so (like me), this added layer of stress holds you back from executing on ideas, you second guess yourself, you worry and inevitably things don't work out as they should. This is a long episode but it is a good one and listen all the way to the end to now where and how you can get my free give away! Enjoy!     

Hey, you! Thanks for listening to another episode of the New Class Rising podcast!  I hope that this episode gets you on a great start to your week. I am certainly excited for the show today and the series that we are getting ready to go on over the next few weeks. So, today marks the beginning of this series I am calling "Your 7 Wealth KPIs". What are KPIs you ask? Oh nothing much, just the DIFFERENCE BETWEEN YOU LIVING THE LIFE YOU WANT OR NOT! Alright, my bad! I certainly didn't mean to sounds like I was yelling at you. Think of it more as the "passionate inflection of my voice". LOL Okay, seriously, KPIs stands for 'Key Performance Indicators' and you want to know a little secret? - The most successful companies (and I would venture to say that the most successful people) in the world all have them. So then, why don't you? Seriously, multi-billion dollar businesses all have KPIs that they track, and, trust me, they're not doing it for their health or because they want to give their workers something else to do. No, no, they track their business' KPIs because they care about: Understanding what are the factors that impact their revenue and where they stand today How they performing against their stated revenue goals What they need to do to maximize revenue So, just like a multi-billion dollar business tracks their KPIs, you have to understand what your 'personal wealth KPIs' and how you are performing within those KPIs to get you to where you want to be. I know I know what you're thinking - "I don't entirely know where I want to be." Well, no worries, because I do! Now you're saying "Hold on, Hold on. You know what's best for me?  I thought you were an authoritarian hating Libertarian?" Well, you're absolutely right! Although I am not an authoritarian that loves to tell people what to do or how to manage their lives, what I do now is that if you're listening to my podcast, then at the core you are in search of one thing - Financial Freedom! How do I know this? Well, I know it because at the core that is what we are all searching for, including myself. Financial Freedom is what gives us ultimately clarity of our financial situation, reduces any subconscious stressors we might have about whether or not we actually have the money to afford this or that, and it allows us to have the time freedom and eventual lifestyle freedom we seek. That's how I know! :) So, how are you going to benefit from understanding what are the wealth KPIs you should be tracking in your life? Paint a Picture of where you are today Allow you to Visually Track Progress (monthly/quarterly) Measure Progress against set Quarterly Goals Enforce Accountability by reporting out  I know what you're NOT thinking... "This sounds like a lot of work!" If you are, I'm not going to tell you to get the heck out of  here and stop listening to my show because this show is not for you. Instead what I will tell you is that, Yes, this does involve some work, but lucky for you, I have already done most of the heavy lifting for you. It's true!  I've actually been tracking my wealth KPIs for the last 2 quarter (the last 6-months) and in this time, my revolving debt has decreased by 13% and my disposable income has increased by a whopping 28% If you're read this far into the show notes for this episode, then congratulations, you now know 2 of the 7 KPIs that you must track. Again, I've been tracking these for the last 6 months and my stated reason is simple! "If I can't see, at a glance, what my personal wealth snapshot looks like, how can I have the confidence to become an entrepreneur?" Look, it's really this simple. A lot of want lifestyle freedom. However, you can only get it when you have time freedom. And how do you get time freedom? You guessed it, financial freedom. Understanding and tracking your wealth KPIs is all about removing the  unconscious stress that you carry with you day to day, by understanding exactly what your wealth snapshot looks like at a glance, so that you can focus on starting the business and being the absolute best you can be for your customers! That's it.  The by-product of this process is you reduce debt and you increase disposable income.  What you do with that income is up to you (I'm not an authoritarian, remember) :) But it all starts here! I hope you join me on this series. At the end of this series, I am going to give those who want to take this a step further and ACTUALLY (passionate inflection) are serious about their financial freedom, all of my templates and a step-by-step how-to guide (maybe some video's, haven't decided yet) so that they know exactly how to fill out the template and get an instant visual their 7 personal wealth KPIs. Thanks for reading this far and, oh yeah, please do me a favor. Share this episode with anyone you think will benefit from it and rate and review the podcast on iTunes. :) Enjoy the Show! Show Notes: http://NewClassRising.com/144  

"If you cannot fly, then run. If you cannot run, then walk. If you cannot walk, then crawl but whatever you do. you must keep moving forward." - MLK As we celebrate Martin Luther King here in the United States, this quote from MLK could not be better suited for where the podcast is today and the mindset that I think we must keep with us as we carry forward.  This is the first episode of the New Class Rising podcast since late August, right before Hurricane Harvey devastated most of Houston. I can say that it was unfortunate I (or anyone for that matter) was one of those impacted, but fortunately I did not lose it all. Many folks here in Houston did. With that said, so much has happened since August 2017. Among those, the Houston Astro's won't their first ever World Series and I did something I never thought I would ever do - I bought into the Cryptocurrency mania! (more on that in a future episode) In this episode, I want to focus on a few things of things: Welcome the Rising Class listeners back to the podcast and what to expect of the show as we move forward Discuss the 7 things I will be focusing on 2018 Share 6 upcoming Podcast episodes that you can expect in the coming weeks   Show notes: http://NewClassRising.com/143  

http://NewClassRising.com/142 - On today's episode I am talking about something that I have never really touched on before but that supports the idea that many successful entrepreneurs have espoused - the idea that you can visualize yourself to success - and it all starts with something that you have probably never heard about, the Holographic Universe. I have always been intrigued by this idea that you can "think your way to success" or that you can "materialize" anything you want into existence by simply using the power of the mind or through visualization. Many successful entrepreneurs all talk about this same concept, but how does it actually work and it is really that easy, why isn't everyone doing it to materialize everything they have ever wanted into existence? In comes the idea of the Holographic Universe. Now, I will admit that I am not expert on the concept of the Holographic Universe, or what I talk about in this episode of the podcast which is the Holographic mind, but I have to say that as I read this book I started to become very convinced about many of the ideas the book presents on the Holographic nature of our current existence. Surprisingly, I also felt a weird sense of peace and understanding about myself and place in the universe descend upon me. Not something I was expecting before I opened this book all together.  It is hard to explain it all here, but in this episode of the podcast I do 3 things. I tell you what is the idea, or theory, behind the Holographic Universe and the Holographic Mind I share why we know can speculate that only a Holographic Mind could function as our minds function today Why and How you can use your Holographic Mind to Visualize Yourself to Success in Business, Profession, Life and Relationships    Follow me on Twitter: HectorJ_Mises Subscribe on YouTube: New Class Rising Channel

http://NewClassRising.com/141 - Millennials today are leading the way in Home Equity Lines of Credit. According to TD Bank, millennials are tapping into home equity line of credit 2 times faster than Gen X'ers and more than 9 times as fast as baby boomers. The reason, "experts" claim" - millennials just want to upgrade their crumbling homes. How is this possible when millennial student loan debt, credit card debt, and car loan debt is at all time record highs?  It looks to me more like millennials are strapped for cash and are instead opting to boring on the cheap to pay of more expensive, higher-interest debt.

http://NewClassRising.com/140 - I feel like I find myself saying this quite a bit these days, BUT, I am back in the office and am (not live) recording from my new studio in Houston Texas. The month of June was a crazy and stressful to say the least. My wife and I decided that we were going to sell out house, so we put the house on the market, which if you've ever done this you know requires quite a bit of work to make it look "sellable". I also found myself having to look for a new place to rent, since I was not going to buy a home int he city, especially at these prices, I had to schedule movers, make minor repairs and give the house some curb appeal. Lastly, I also find myself having to start work on a completely new project at work that required a much higher and deeper level of commitment. To say the last month was busy and stressful is an understatement.  But, nonetheless, here I am - back in the studio and recording from my new rented condo.  In today's episode, I want to talk about Federal Reserve ChairWOMAN, Janet Yellen.  Yeah, I'm sure she's a cool ol'granny to some kinds somewhere, but to financially responsible American's everywhere, she's a financial terrorist, out to steal the purchasing power of those who exchange their time for money.  And this is a big f'ing deal, because most people out there who work a job, especially the hourly workers, are exchanging the one asset they can never get back - TIME. Time away from family, time away from friends, time away from their children, time away from experiences, time away from being able to enjoy leisure, which I would argues the greatest thing we all value - otherwise why the hell do so many people dream and fantasize about their retirement? Well, the sweet ol'Janet has done it again.  In a statement to the Committee on Financial Services Hearing, where Mrs. Yellen discussed the State of the Economy as well as Monetary policy, she said something that I think most American's should be really cognizant of - not worried or concerned, but cognizant.  If she really does follow through on her words, it has major implications for the US economy and may very well be the catalyst that makes this financial bubble got POP! Enjoy.   PS: Oh yeah. Sorry about the echo-e audio. 

I am back in the New Class Rising studio after my trip to Phoenix, AZ attending the 2017 Gartner Executive Supply Chain Conference.  The conference was a blast with tons of sessions on some of the biggest trends and disruptors in the field of Supply Chain. The theme of this years conference seemed to be focused around things like machine learning, deep learning, big data, sensor fusion, computer vision and many of the other buzz words that are taking the world by storm. Among many of the other sessions, one of my favorite was by John Phillips from PepsiCo. His session was titled "Bits and Bytes that will disrupt your Supply Chain" and in it he shared the 7 biggest trends that are changing the way people do business, consumers shop and retailers stock their shelves. In this episode I share those 7 major disruptors, and as a side not, some of the crazyness going on in "casa de Mises"     Show Notes: http://NewClassRising.com/139 Follow me on Twitter: HectorJ_Mises Subscribe on YouTube: New Class Rising Channel  

I am on my way to Phoenix, AZ for a conference, but before I left for the week I wanted to make sure that I sat in and shared this topic which I've had on the mind for the last couple of weeks.  During the 2016 summer Olympics, there was a big rivalry between olympic swimmer Michael Phelps had some other dude from South Africa. Tensions were high during the last race that would win Michael Phelps his 23 gold medal before retirement and the South African dude was determined to make sure that he did not win. The most iconic picture of that race is of the South African looking over 2 lanes at Michale Phelps during the last round to see how close Michael was ahead of him. Needless to say, Michael Phelps was focused on the goal at hand and on what he had to do.  Do I have to tell you how this ends? Michael goes not o win gold and the South African came in third place. This story is very synonymous with how some of us approach entrepreneurship.  On this episode of the show I discuss my own struggle with swimming in my lane but share why it's an absolute must.   Show Notes: http://NewClassRising.com/138 Follow me on Twitter: HectorJ_Mises Subscribe on YouTube: New Class Rising Channel  

The explosion of Membership and Subscription based businesses, driven by customer shopping preferences and advances in technology, over the last five years have begun to redefine how some companies interact with their customer base. Unlike old economy business, where a customer shopped in your store once and you hoped and prayed they returned sometime in the near future, in the new economy [Membership/Subscription] businesses if you don't take a proactive approach to managing customers, you're basically conceding to your competitor. This need proactive manage customers and ensure that they have an easy and stress free user experience has created the need for a new role on the market - the Customer Success Manager.  The Customer Success professional market is exploding, so whether you have a vision to start a SaaS based business and want to learn WHY you must leverage a CSM team from the beginning or whether you are not quite ready to make the business jump yet but want to learn CSM, in this episode I discuss: What is Customer Success Management and the (3) emerging building blocks of CSM. (3) reasons why CSM is important for Membership or Subscription based businesses Why CSM is a great career move if you want o start a SaaS in the future.    Show Notes: http://NewClassRising.com/137 Follow me on Twitter: HectorJ_Mises Subscribe on YouTube: New Class Rising Channel  

Unless you've been living under a rock or spending most of your time in a cave (which wouldn't make sense because how else would you have found this podcast) you've likely noticed that today's consumer economy is largely thriving off of Membership and Subscription based business models. From Netflix to Dollar Shave Club to Amazon Prime and all the way back to Starbucks, even, these businesses have figured out one key thing that many SMBs (Small and Medium sized Businesses) are still missing - if you do not capitalize on customers' need for community and their "every-moment" access to the internet, you're going to lose. Plain and simple. But how did we get here as a consumer society? In this episode, I discuss: the four (4) factors that led to the Membership Economy, and; how you benefit from understanding them. 

Democratic Socialist Venezuela is getting worse by the day, the government took an unprecedented and historic move, that actually was't so unprecedented to those of us who understand what the ultimate goal of socialist societies is.  In this episode I talk about: The state of affairs in socialist Venezuela Why I get so worked up when socialism is advocated in any way, anywhere; and, Why you should reject socialist ideas and hold those people who advocate socialism, accountable for the trail of death and destruction that socialism always leaves behind. Crisis in Venezuela - (video ~15 min)

It has been 7 months since I released an episode on the New Class Rising podcast, but so much has been going on with myself personally, in the economy, and we obviously now have a new president that I couldn't resist the urge to get back on the show to share my thoughts with all of you loyal Rising Class. In this episode, you'll hear me talk a bit about my prediction of the election of President Trump, the Federal Reserve's more hawkish stance on interest rates since the election of President Trump, and what I have been up to since I stopped producing the show and why I was missing for so long, and finally, what it means for the the show moving on.

Last week on the show I looked at why the poor are poor in the United States. If you listened to the episode then you know it had nothing to do with their willingness to work, but everything hat the perverse incentives the welfare state offers.  In this weeks episode, we take a really hard look at the Welfare State and the dangers that arise as this insidious institution rises.  Things you hear are: What is the welfare state? What is a Moral Hazard? The moral hazard of social welfare programs like, Food stamps, Housing subsidies and health care benefits? The moral hazard of the federal student loan programs, like Stafford loans The consequences of the welfare state.   Follow me on Twitter: @Hector_Avellan

This is definitely not a politically correct thing to say, but the reasons the poor who don't work are poor, is a lot different than what you may be thinking. In this episode I explain: What is the biggest threat to the American Dream. Why the poor are losing the chance at the American Dream; and How this makes it harder for everyone else to succeed.  How we can ensure that the poorest among us have a chance at the American Dream.   Follow me on Twitter: @Hector_Avellan

On today's show I am sharing the second part to my discussion with my first customer that paid me to build a SaaS for his school menus business.  In the last part of the episode I share my thoughts around the conversation, the process to deliver this product and why I thin you can do the same thing I did, even if you have no experience in SaaS. 

[TweetsAreLove] Some never take action because they everything perfect. In episode130 @Hector_Avellan shares his very imperfect idea extraction call If you've been a loyal listener of the show, you know that my goal over the last year and a half has been to work to start a software company. If you've been on this journey with me and have subscribed to becoming a part of the Rising Class, you know that last year I landed my very first gig in Software as a Service (SaaS) working with a small business owner who wanted to integrate software into his school food menus business. What I have never shared however is that first call with my customer that changed everything for me, and that is what I am sharing on this two part series.

[Click to Tweet] Roger Whitney sits down with @Hector_Avellan to talk about what millennial really need to invest in to build wealth in their generation.  On this episode, Roger and I pick up where we left off last week. Much of the advice that young people receive these days when it comes to investing and building wealth for the future is that in order to retire rich, you have to start investing early.  While there is certainly some validity to that statement, building wealth by investing early is not the end all, be all. Unless you're keeping a close eye on the markets every single day or maybe even day trading, that paper wealth can always go away when recessions hit and could even be entirely whipped out if a more serious economic event, like another Depression, were to happen.  Even then however, no one has a crystal ball and knows when to time the markets. This is Rogers point and in this episode he shares WHAT young professionals need to start doing today to build wealth for the future. 

Millennials may not be thinking about retirement right now, but the truth is that they should be. Why? Because the way we think about retirement today will be very different than the retirement you're parents and grandparents will have. In this episode, Roger Whitney, the Retirement Answer Man is really shaking up the way we think about retirement and, as we love to do on this show, changing up the paradigm of what it means to retire.    

Gold stocks are on fire! Some have reached highs of over as 100% so far this year, yet most market investors are not talking about what is going on in gold stocks or why. Everyone wants to ride the bubble until it is too late.  In this episode I share why I believe the bull market tin gold stocks is just getting started. 

Well, I am back from Playa del Carmen, Mexico and you are probably wondering what the heck happened. Why didn't I produce an episode every day like i said I was going to while I was out on vacation?  In this episode I share what happened and why I was unable to do that. I also share my breakthrough that I had while I was on vacation and plans on my travels to Washington DC in the morning.

I’ll be traveling to Playa del Carmen next week and I am really excited because I know I am going to have an absolute blast. I’ll be in Playa for 7 days then come back home to Houston for a few days before I am back in the air traveling to Washington D.C to visit some family. I am also seriously considering making out to Freedom Fest this year in Las Vegas, which would be just a few days after I get home from Washington D.C. That being said, I think you get the point. I am going to be doing a lot of traveling over the next few weeks, so what’s going to happen to the show while I am out of the office? Well, fear not because I did the research and bought the necessary equipment I need to be able to produce the show while I am traveling. That’s right! I am packing up the New Class Rising podcast studio and taking it with me on the road. In this episode, I explain my podcasting travel set-up and some of the equipment that I’ll be using to record my podcast.

[TweetThis] In his latest podcast episode @Hector_Avellan says #incomeinequality is a beautiful thing and proof the American Dream is still alive!@ Last week on the show I talked about the basket case that is the Democratic Socialist state of Venezuela! The government there has succeeded in destroying the free-market entries system and capitalism is practically nonresistant. Like any true socialist state, the government there has ceased all of the land, industries, and resources - it controls all of the means of production.  People in Venezuela are miserable. Many are going hungry, the poorest people are literally starving and dying int the streets. Many have none of the basic necessities and a hot meal at this point is a luxury.  What I believe Venezuela needs is less income equality, which has resulted in completely misery for all, and more Income Inequality. In this episode, I explain why Venezuela needs more income inequality and why we need to reject the ideas by the "Left" that income inequality is threatening the American Dream and who we are as a nation.   

[Tweet This] Democratic Socialist Venezuela is in crisis! @Hector_Avellan explains HOW & WHY its people are living through misery in his latest #podcast The Democratic Socialist state of Venezuela is going through on of the worst financial crisis of modern time and on the brink of complete financial and societal collapse. With the socialist government controlling all aspects of the economy and 94% tax rates on business, what was left of any entrepreneurship, free market enterprise and capitalism have been completely eradicated.  Today, with oil exports being the main source of income for the government, the impacts of low crude and the ever increasing cost burden of the socialist state have brought the country to it's hands and knees. The government cannot provide basic necessities and people are reportedly eating cats, dogs and hunting pigeons for food. In this episode I discuss How and Why democratic Socialist Venezuela got here and why I believe what it needs to recover is a higher degree of Wealth Inequality. 

[TweetThis] The New class Rising podcast is back in full effect with @Hector_Avellan #saas #economics #getshitdone I've been a way from he show for two very long months, but I am finally back and I feel I am in a better place mentally and physically to get this show back on the road. That being said, I know there are a lot of the listeners who are wondering where in the heck I was. Maybe some were wondering if I was okay or if, perhaps, something more serious was going that prevented me from doing the show, although I never received mail from anyone that seemed to suggest that was the case (Lol). Nonetheless, I feel that I need to share where I was mentally over the last couple of months and why I decided to stop the show so abruptly. I've had a lot of time to think about what this show really means, where I want to take it, where I should focus my efforts, what is and is not my business, and more importantly who I need to move forward.   The show picks up where it left off and I hope you decide to stick around for the ride.

[TweetThis] Can opportunistic focus be the key to building wealth and retiring young? This guy retired at 35 and seems to think so. http://bit.ly/1RGI3hh   Today's guest on the show is the Financial Mentor, Todd Tresidder, whose mantra is invest smart, build wealth, retire young, live free.  Todd Retired at the age of 35 and was able to sell all of his real estate holding prior to the crash of 2008. Today he is teaches people how to build wealth through  the three wealth classes he discusses on today's show. More than anything, he believes that it is opportunistic focus, as well as investing in ones self, what is the true key to being able to build wealth and retire young. Did I mention he retired at 35 years young?    Liked this Episode? Tell me on twitter @Hector_Avellan with #NCR121 AND Leave me a rating on on iTunes! Here's a video to show you how from your iPhone.

[TweetThis] There's a war being waged on American soil, right now! It's a war against your cash. What will you do about it? NewClassRising #podcast The writing is on the wall! The Central Banks of the world (including the U.S Central Bank) the Academics, the Political Elites and their Economist all want 'Negative Interest Rates' and have started to wage a war against cash - YOUR cash!    There are very specific reasons why they are doing this, but it will not work!  Unfortunately, when it fails the resulting effect will be economic armageddon and [they] will blame capitalism, the free-market, businessmen and women and will say we need even more government to steer the market.  How can you protect yourself? Well, you'll just have to listen to today's show to find out!  Liked this Episode? Tell me on twitter @Hector_Avellan with #NCR120 AND Leave me a rating on on iTunes! Here's a video to show you how from your iPhone.

[TweetThis] Confirmed! Gvmt is solely to blame for the drastic increase in college tuition through student loan debt subsidies. NewClassRising #podcast In late 2012, I released my first book De-CLASS-ified: The Fall of the Middle Class and Rise of the Internet Entrepreneur. In that book, I made a pretty bold claim that, in fact, it was Government who was responsible for the incredible increase in college tuitions.  Sure, I didn't expect that a lot of people would agree with me, but I knew I was on to something and it looks like I have been proven right by a pair of economists. In this episode, I share a reading from a section in my book and give commentary on the why the ensuing student debt bubble and how I believe is the only way this bubble will collapse. Liked this Episode? Tell me on twitter @Hector_Avellan with #NCR119 AND Leave me a rating on on iTunes! Here's a video to show you how from your iPhone.

[TweetThis] If you default on your student loan debt, you can now have the U.S Marshalls come looking for you. #NewClass Rising #podcast I was once of the belief that the Government was in such a disastrous financial position that when it came face to face with a currency crisis, it would have no choice but to default on all of it's debt obligations and as a result renege on it's promises. I still believe that day is coming, but as the government gets rid of its liabilities, it will call in its assets and to the federal government, if you owe them money, you're the asset. I was of the opinion that one day the student loan debt burdens would become so hopelessly large, that the government would have no choice but to forgive most, if not all, student loan debt, but I think I have been proven wrong.   

[TweetThis] You'll never build meaningful relationships simply by having thousands of friends on social media. Get out there and be face to face! Relationships in life are important, no doubt about it, but I'll take it a step further and say that meaningful relationships are of even greater importance. It's easy to be ourselves and be who we are when 'building relationships' with our friends over social media, hiding behind a computer screen, but many people struggle to engage in meaningful conversations and express who they are when interacting with people face-to-face. This inability to build meaningful relationships with people is what holds many back from accomplishing great things. "Everything that we accomplish in life is with or through other people" - That is one of the mantra's of today's guest on the show and he shares how to overcome your relationship building roadblock.    Liked this Episode? Tell me on twitter @Hector_Avellan with #NCR117 AND Leave me a rating on on iTunes! Here's a video to show you how from your iPhone.   

[TweetThis] "It's official! Subscribers are better than one-shot Customers! Here are 8 Reasons why. #saas http://bit.ly/1WOMyLm" I'm reading a phenomenal book (which I mention on this episode) right now on creating subscription based businesses and it is a gold mine of information for people aspiring to become SaaS entrepreneurs or who want to create a Subscription based model for their current businesses. On this episode it's just me, but I'm sharing the Top 8 reasons why traditional one-shot customers are cool, but why Subscribers are freakin rockstars! Enjoy.   Liked this Episode? Tell me on twitter @Hector_Avellan with #NCR116 AND Leave me a rating on on iTunes! Here's a video to show you how from your iPhone.   

[TweetThis] Starting an internet based business is not the only way to cashflow passive income and people often overlook the mobile home park niche.   Did you know that Mobile Home Park investing could also be a source of diversification of your passive income?   We don’t often think about it, but there are people out there who would prefer not to live in an apartment, but who cannot make a standard home purchase because they simply do not have the cash to do so. They still have the option however, of becoming a mobile home owner and fulfill their dream of owning their own home.   If you’re an investor, this could be a great passive income opportunity for your, but today’s guest says that you should’t buy the mobile home, at least that’s not how he cash flows.   Listen to today’s interview to learn more about Jefferson and his thoughts behind investing in mobile home parks for passive income.   Liked this Episode? Tell me on twitter @Hector_Avellan with #NCR113   Loved this Episode? Leave me a rating on on iTunes. Here's a video to show you how from your iPhone. 

[TweetThis] Some the most successful businesses in the world are masters at borrowing OPM - Other People's Money. Are you? @TyCrandall #NewClassRising Did you know that some of the most successful business in the world are excellent in borrowing OPM - Other People’s Money? Did you know that of the thousands of inventory products that Wal-Mart, one of the top retailers in the world, has in stock, 80% of those products were paid for by Wal-Mart with borrowed money that enabled Wal-Mart to grow and scale it’s business to the titan it is today?   I didn’t either! But, today’s guest on the show shares why, if you do it responsibly, borrowing money could be one of the best things you can do to grow and scale your business.    Liked this Episode? Tell me on twitter @Hector_Avellan with #NCR113

[TweetThis] Forget the middle class, I am the New Class Rising and 2016 we're making our goals for life and business a reality!    We did it Rising Class! We made it to 2016 and I am super pumped for everything awesome that this year is going to bring, both you and me. In this episode, I do an recap of my goals for 2015 and then I tell you everything you can expect for this podcast in 2016. I share several goals I have for the year in four different categories of goals: Business, Financial, Personal and Marriage. I hope that this inspires you to write down some goals for the year, if you have not done so already, that will get you one step closer to living the life you envision for yourself and your family and that you deserve to be living right now.   Liked this Episode? Tell me on twitter @Hector_Avellan with #NCR113

[TweetThis] This is not the easy way. Entrepreneurship is the tougher road, less frequently travelled.  On this episode I bring on a frequent guest of the show, Tim Delaforce, to mastermind about a small win we had last week doing cold-calls for our new SaaS endeavour. Tim and I also give a word of warning about a particular type of coaching program for starting entrepreneurs. I learned a very painful and expensive lesson that cost me a friendship and $5,000 when I had my run with this kind of coaching program as I was first starting out back in 2010 and Tim almost did the same.  Enjoy and Merry Christmas!   Liked this Episode? Tell me on twitter @Hector_Avellan with #NCR112

[TweetThis] If you think Social Security is going to be there for you when you retire, think again! You still have to pay into it though! Make sense? On this episode we are talking to RJ Renza, an author and concerned school teacher, who says that the biggest financial threat that Millennials and other recent generations are facing is the Social Security debacle.  Every time you earn a paycheck, the government steals money from you to fund it's ponzi scheme, otherwise noted as Social Security. Many of us have no idea how much money being taken from us every time we get paid yet, if you "pay into the system" today there is a very good chance you will not see a penny of this money in your lifetime. RJ Renza explains why in today's discussion.    Liked this Episode? Tell me on twitter @Hector_Avellan with #NCR110

[TweetThis] Idea Extraction calls and Masterminds.. If you're an entrepreneur, can you think of a better way to spend an afternoon?!  And.. That's a wrap!  On this episode of the show Tim and I bring our 3-part Idea Extraction call to a close with some good'ol Masterminding. Today, you'll get to hear Tim and I discuss and really dig deep analyze our subconscious thoughts as we were attempting to perform idea extraction, what went good, what we could have done better and lessons and take-aways that you can talk away with and implement in your own idea extraction calls.    Liked this Episode? Tell me on twitter @Hector_Avellan with #NCR110

[TweetThis] #Idea Extraction is the only way to create a product, build a business and not risk losing your shirt! We're starting another beautiful week in on the New Class Rising podcast and today we are picking up where we left off last week - Idea Extraction calls. On this episode, you will hear my business partner, Tim D., give his best attempt at doing an idea extraction call on me. I was pretty tough with him during the call, throwing objections and sometimes even being pretty direct about his 'intentions' trying to interview me and find out more about 'my business'. All of this was in an attempt to simulate how someone may react when doing real idea extraction calls with the business owners in the market we are going into.  Enjoy! Liked this Episode? Tell me on twitter @Hector_Avellan with #NCR109

[Tweet This] Why gamble trying to come up with a solution to a problem you think the market needs. Instead use Idea Extraction!  It's great to be back on the show! On this episode of the show I bring on an old guest of the show to practice an Idea Extraction call. Idea Extraction is a methodology coined by Dane Maxwell at The Foundation, an program for SaaS entrepreneurs, to come up with a business product to create without speculation about what the market might want.  Through this process you eliminate all the risk of starting a business or creating a product you think the market might want, when in fact, they may not need or want it at all.  In this episode you'll get to hear me take Tim through a process that involve asking a series of questions in an attempt to find a Tim's biggest pain, that I can then solve through Software automation. Enjoy!    Liked this Episode? Tell me on twitter @Hector_Avellan with #NCR108  

  [TweetThis] Here's what it takes to start and run an online language learning business. Check out today's episode 107 of the New Class Rising podcast. On today's show I am super pumped to be featuring Queen Kawabe who started an Online Language Learning business at the age of 19 and who, ten years later, has had massive success with her clients allover the world. Today she travels all over the world to meet and teach her clients one on one, but as you'll hear in this interview, scalability under her current business model is very difficult and she is pivoting to grow her business even further and have even greater impact.    Hit Me Up on Twitter: @Hector_Avellan and let me know what you thought of this episode with #NCR107

In this episode we are on the second of a two part discussion with Kevin Brinkley, the developer that I hired and paid $10,000 (none of it my money) to help me build a SaaS (software as a Service) product for my customer.  We go into specifics like, how to know the programmer you are about to hire is legit, to what kind go programming languages should your developer know and why, and we even cover things like, how programmers assess price for your project so that you don;t get scammed when working with someone who wants to charge you $40,000 for a project that can really be done with $15,000.!    Hit Me Up on Twitter: @Hector_Avellan and let me know what you thought of this episode with #NCR106

[TweetThis] Check out today's episode of the #NewClassRisingpodcast to hear Hector interview his SaaS developer and find out how to find your own!   Creating a SaaS (Software as a Service) product does;t have to be hard if you follow the right process, and you know what that process is if you've listened to previous episode of my show where I have discussed it.  However, if you are not a developer, finding the right programmer to build your product is one of the key things you have to focus on if you want to have a successful product at the end of the day. You can have the best solution to someone's problem, but if your programmer is crap or cannot deliver of you, not only will you have sunk time and money into a product that may not be what your client cannot use, you will have damaged the relationship and trust that your client may have had for you. It's not easy to recover after something like that. Don't make that mistake and listen to this episode to learn how to find a rockstar developer and what to look for in the right guy for your team.    Show Notes: http://NewClassRising.com/105   Hit Me Up on Twitter: @Hector_Avellan

[Tweet This]Want to learn how you can Enter and Win a 1st place prize to Mentor with this proven business owner?  Checkout todays #NewClassRisingpodcast If you had the opportunity to train and be mentored by someone with a proven track record who built a business that generates over $10,000 per month in less than a year, would you pass up on that opportunity? I didn't think so either, and because of that today I wanted to bring in Luis Congdon who is launching an incredible Content where one lucky winner will win a mentorship with him and his business partner Kamala Chambers to create, build, launch and monetize a podcast and an digital product.  For details on how to enter, listen to the show. Enjoy.   You can find today's show notes at http://NewClassRising.com/104 Hit Me Up on Twitter: @Hector_Avellan

[Tweet This] Want to know why 'Profits' are not as SCARY as socialists like to think? Check out today's episode of the #NewClassRisingPodcast Nothing scares the bejeezus out of the Socialist Left more than the idea that someone can actually make a 'Profit' by providing a product or a service to someone who desires it.  Unlike some in society who get in their car and drive to their favorite eating establishment for the night when they are hungry and get to chose from the plethora of options available to them through PROFIT seeking entrepreneurs in the Capitalistic free-market system, Socialists, who've also built their own houses and shelters, in their naked bodies, run out to the local forest to hunt for food for the day, collect their own drinking water and gather firewood for burning to cook their meals in the open air. Ah Yes! The sweet philosophy of profitless Socialism!  Wait. Wait. Socialists don't really do any of that stuff, right? Absolutely not, and today, int he spirit of Halloween, we are teaching them why they don't have to be scared of the Profit monster. Enjoy.   Show Notes: http://NewClassRising.com/103   Hit Me Up on Twitter: @Hector_Avellan

Student Loan Debt should be among the highest areas of concern, not just for government, but for the people that are actually leaving college with the debt because they are graduating into an economy that is producing the jobs or wages that justify those levels of debt. America's Millennials are being signed up for endured servitude, often with very little usable skills in workforce.  Today on the show we are talking to Zachary Slayback (co-founder) about Praxis and why his company is the perfect alternative for those who don't fit the mold of 4-6 years of college and tens of thousands of dollars of debt with very few usable real skills, and who instead prefer to learn how to build businesses and learn from those who have already done.    You can find today's show notes at http://NewClassRising.com/102 Hit Me Up on Twitter: @Hector_Avellan