Podcasts about 650k

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Best podcasts about 650k

Latest podcast episodes about 650k

MoneyWise
+$100M Exit, Then I Failed. Why 70% of Second-Time Founders Do Too.

MoneyWise

Play Episode Listen Later May 20, 2025 60:03


127 founders (net worth: ~$1M–$100M+) opened up their personal books. Want to see how your finances stack up? https://www.joinhampton.com/wealth-reportAfter a nine-figure exit, Anastasia Koroleva went through divorce, failure, and identity loss. She reflects on what she didn't see coming.Here's what we talk about:Anastasia's journey from a bootstrapped nine-figure success to divorce, burnout, and identity lossWhy second businesses often fail, and how success the first time around can actually work against youThe four biggest traps post-exit founders fall into: rushing into something new, chasing unfamiliar industries, losing self-awareness, and falling into “Sudden Wealth Syndrome”How to rebuild your life after selling a company using frameworks like Maslow's hierarchy and cognitive dissonance theoryWhy wealth alone doesn't create fulfillment, and what actually doesAnastasia's personal portfolio strategy: no wealth manager, heavy in private credit, designed for low stress and high flexibilityA real look at her post-exit lifestyle, including two homes and $650K to $1M in annual spendingHow long it truly takes to feel whole again after an exit, and why slowing down might be the smartest moveWhy she now spends her time helping other founders avoid the same mistakesCool Links:Hampton https://www.joinhampton.com/Lower Street https://www.lowerstreet.co/Anastasia's Podcast https://www.exitparadox.com/Chapters:(00:00) Introduction: The Big Picture Trap(00:56) Meet Anastasia's Net Worth(03:14) Anastasia's Early Life and Career Beginnings(04:19) The Silicon Valley Leap and First Ventures(07:25) The Emotional Rollercoaster of Success(09:25) Post-Exit Challenges and Personal Struggles(17:55) The Psychology of Second Ventures(24:26) Understanding Sudden Wealth Syndrome(28:20) Minimizing Psychological Discomfort Post-Exit(29:37) The Paradox of Wealth and Freedom(31:30) Confronting Financial Freedom(32:48) The Third Level of Wealth(33:30) Emotional Challenges and Evolution Post-Exit(34:49) Rebuilding the Basics: The Maslow Pyramid(35:44) The Goldilocks Approach to Post-Exit Life(48:07) Managing Wealth Post-ExitThis podcast is a ridiculous concept: high-net-worth people reveal their personal finances.Inspired by real conversations happening in the Hampton community.Your Host: Harry MortonFounder of Lower Street, a podcast production company helping brands launch and grow top-tier podcasts.Co-parents a cow named Eliza.

The Real Estate Podcast
"Australia's Affordable Beach Towns: Still Under $650K!

The Real Estate Podcast

Play Episode Listen Later May 2, 2025 13:01


We talk with Scott Mitchell from Mitchell's Realty about a beachside lifestyle without the million-dollar price tag? Some Aussie coastal towns still offer homes under $650K! Discover hidden gems like Zilzie and Bucasia, where prices are rising, and lifestyle seekers are cashing out of city markets for a more peaceful life. https://www.mitchellsrealty.com.au/ ► Subscribe here to never miss an episode: https://www.podbean.com/user-xyelbri7gupo ► INSTAGRAM: https://www.instagram.com/therealestatepodcast/?hl=en  ► Facebook: https://www.facebook.com/profile.php?id=100070592715418 ► Email:  myrealestatepodcast@gmail.com    The latest real estate news, trends and predictions for Brisbane, Adelaide, Canberra, Gold Coast, Sydney, Melbourne and Perth. We include home buying tips, commercial real estate, property market analysis and real estate investment strategies. Including real estate trends, finance and real estate agents and brokers. Plus real estate law and regulations, and real estate development insights. And real estate investing for first home buyers, real estate market reports and real estate negotiation skills. We include Hobart, Darwin, Hervey Bay, the Sunshine Coast, Newcastle, Central Coast, Wollongong, Geelong, Townsville, Cairns, Ballarat, Bendigo, Launceston, Mackay, Rockhampton, Coffs Harbour. #FraserCoast #HerveyBay #QueenslandRealEstate #PropertyMarket #RealEstateTrends #InvestmentProperty #RegionalGrowth #HousePrices #UnitSales #PropertyData"   #sydneyproperty #Melbourneproperty #brisbaneproperty #perthproperty   

Grow Your Independent Consulting Business
216. Identifying Leaks in Your Consulting Business Development Process

Grow Your Independent Consulting Business

Play Episode Listen Later May 1, 2025 30:52


What if the biggest reason you're not hitting your revenue goal has nothing to do with strategy — and everything to do with tiny, invisible breakdowns in your business development process?In this episode, I walk you through the concept of “leaks” in your consulting business — those points where value, opportunity, or efficiency is lost without you even realizing it. These leaks aren't just annoying; they dilute your revenue, add unnecessary stress, and make your business harder to run than it needs to be.We'll cover eight common types of leaks that affect independent consultants — from not generating enough conversations to getting stuck in the "friend zone" — and how to use the Consultant Leak Framework to identify and fix them.I also share two real-world case studies from clients who patched their leaks and saw big changes — including one who added $650K to their pipeline.Timestamps for Key Moments[05:12] What a "leak" actually is and how even seasoned consultants have them[08:45] Eight common business development leaks that stall your revenue growth[16:33] The Consultant Leak Framework, a 6-step process to find and fix the biggest breakdowns in your BD system[20:01] Case Study #1: How one consultant shifted his mindset and process to unlock $650K in pipeline[24:45] Case Study #2: How a “friend zone” leak was solved by creating simple hook offers that convert conversations into next stepsTune in to Episode 216 to diagnose your own biggest leak — and learn how to fix it so you can build a more predictable, fulfilling consulting business.Related ResourcesFull Show Notes: https://shownotes.melisaliberman.com/episode-216/Subscribe to Melisa's newsletter: The Independent - Weekly Newsletter, https://www.melisaliberman.com/newsConsulting Business Health Check – Take it at  https://www.icassessment.com to establish your baseline and identify key areas for optimization.Related Podcast Episode: Episode 193 - Being In Control of Your Consulting Business Results, https://shownotes.melisaliberman.com/episode-193/ Work with Melisa: Apply for a Coaching Exploratory call at https://consultmelisa.com Want More?Get Melisa's Book: https://www.melisaliberman.com/bookVisit with Melisa's Website: melisaliberman.com/ Follow on LinkedIn: linkedin.com/in/melisa-liberman Want help achieving your consulting business goals? Melisa can help. Click here for more on coaching tailored to you as an independent consulting business owner.

Govcon Giants Podcast
264: How Startups Are Winning $650K+ in Government Contracting (in Just 15 Minutes!)

Govcon Giants Podcast

Play Episode Listen Later Apr 19, 2025 68:42


In this episode of the GovCon Giants Podcast, I sit down with Pierce, a former intel analyst who's now knee-deep in the innovation game—helping non-traditional contractors break into defense and federal markets. With the new Executive Order pushing modernization in defense acquisitions, there's never been a better time for small businesses, startups, and technologists to step up. Pierce and I break down how these players are landing six-figure awards—some in under 15 minutes. We also unpack why over $650 million in government funding is still sitting untouched, and how to tap into it using tools like SBIRs, OTAs, CSOs, and pitch-day strategies. If you've got tech—or even just a great idea—Pierce shares the blueprint for building a winning quad chart and pitch deck that gets attention from agencies like DoD and NASA. Don't miss this one.

She's On The Money
The Truth About Big Tech Money From Someone Living It

She's On The Money

Play Episode Listen Later Apr 13, 2025 45:20 Transcription Available


You’ve probably heard the hype: tech jobs = massive salaries. But can you still get a slice of the pie if you don’t work in a technical role? This week’s Money Diarist is here to say… yes, you absolutely can. She’s in her early 30s, earning up to $650K "total comp" a year and building her dream home. But her path into tech was anything but traditional. No coding background, just a string of gutsy moves, lucky breaks, and saying yes before she felt “ready.” We talk about what big tech money actually looks like behind the scenes: the shares, the bonuses, the six-figure tax bills, the lifestyle creep... and the pressure that comes with it all. She’s open, honest, and full of wisdom about building wealth in a world that wasn’t necessarily built for her. If you’ve ever looked at a job description and thought, “I don’t tick all the boxes, so I won’t apply,” this one’s your sign to rethink what’s possible. Ready to binge more relatable, inspiring, and downright juicy money stories? Check out our ultimate Money Diaries playlist. Listen now Join our Facebook Group AKA the ultimate support network for money advice and inspiration. Ask questions, share tips, and celebrate your wins with a like-minded crew of 300,000+. And follow us on Instagram for Q&As, bite-sized tips, daily money inspo... and relatable money memes that just get you. Acknowledgement of Country By Natarsha Bamblett aka Queen Acknowledgements. The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289.See omnystudio.com/listener for privacy information.

How to Buy a Home
In a Homebuying Purchase, Details Matter (REPLAY+UPDATE)

How to Buy a Home

Play Episode Listen Later Apr 2, 2025 34:50


This is more than a replay—it's a full-circle moment. Back in Episode 244, David answered a listener's in-depth questions about down payments, credit scores, and monthly payments. Now, in Episode 329, you'll hear the amazing follow-up—how that same listener used the advice to buy a $650K home, win a bidding war, and walk away with a smarter mortgage strategy than most pros could dream up.This episode revisits a real listener journey that began with an email and turned into a personalized coaching moment in Episode 244. Now, months later, they're homeowners—with $90 PMI instead of 20% down, $100K in reserves still invested, and a clear plan to keep building wealth.From credit moves to appraisal gap strategies, from picking the right lender to planning for a second property down the road, this episode proves that when you stop Googling and start planning, you unlock real results.Quote:“Although we had over 20% to put down, we ended up just putting 5% down because the PMI was only $90 per month. We decided to keep our money in investments and watch it grow.” — Listener featured in Episode 329Highlights: • How a first-time buyer used Episode 244's coaching to win a bidding war • Why they chose terms over rate when picking a lender • Locked in at 6.3% after starting at 7.25%—and how timing made the difference • Why they kept 20% in investments instead of using it for a down payment • $90/month PMI that helped them stay liquid—and why that strategy matters • How her 720 credit score got fixed in just months • Planning ahead: Why she stayed off the loan to possibly buy a second property laterReferenced Episodes: • Episode 244 – Details Matter: On-Air Coaching With a Real Listener • Episodes 175–177 – How to Win a Bidding War • Episode 198 & 216 – Using PMI StrategicallyConnect with me to find a trusted realtor in your area or to answer your burning questions!Subscribe to our YouTube Channel @HowToBuyaHomeInstagram @HowtoBuyAHomePodcastTik Tok @HowToBuyAHomeVisit our Resource Center to "Ask David" AND get your FREE Home Buying Starter Kit!David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with two decades of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer. Subscribe for regular market updates, and leave a review to help us reach more people. Ready for an honest, informed home-buying experience? Viva la Unicorn Revolution - join us!

The Tom and Curley Show
Hour 2: John Wilson - King Country Assessor

The Tom and Curley Show

Play Episode Listen Later Mar 26, 2025 32:00


Matt Markovich - Spinning the wheel of Legislative Lunacy // House Transportation Tax Proposals // Tara Simmons Protests // Guest: John Wilson - King County Assessor // King County Executive Dow Constantine tapped as Sound Transit CEO with up to $650K salary // The Hands Off 2025 Protests planned for April 5th 

unDivided with Brandi Kruse
S1 Ep561: Cronyism wins, society loses (3.25.25)

unDivided with Brandi Kruse

Play Episode Listen Later Mar 25, 2025 100:17


Failed politician handed $650K/year job to lead failing agency – what could go wrong? Democrats find yet another tax they want to hike. Meanwhile, they want you to pay to give immigrants hockey lessons. Building industry blasts I-2066 ruling as “rigged” and “corrupt.” What's next in the fight to protect natural gas? Republicans are just as guilty of blind obedience as Democrats. 

LatamlistEspresso
V360 secures $7M Series A, Ep 201

LatamlistEspresso

Play Episode Listen Later Mar 11, 2025 2:36


This week's Espresso covers news from Malga, Loopia, Sunrize, and more!Outline of this episode:[00:29] – V360 secures $7M Series A to expand B2B payment solutions[00:38] – Malga raises $5.5M Series A round led by iDEXO and Costanoa[00:47] – Loopia raises $650K pre-seed to expand AI-powered e-commerce support[00:59] – Sunrize raises a $433K round[01:12] – Jeitto acquires Pilla to expand private payroll loans[01:24] – Reinventing Credit: How Vexi is Bridging Latin America's Financial GapResources & people mentioned:Startups: V360, Malga, Loopia, Sunrize, Jeitto, Pilla, VexiVCs: Cloud9 Capital, DEXO, Costanoa, Espírito Santo's Sovereign Fund (FUNSES),People: Gabriela Estrada

The Influential Personal Brand Podcast
How I Sold 650K Books with One Strategy with Mike Thomas

The Influential Personal Brand Podcast

Play Episode Listen Later Feb 18, 2025 38:42


Today, we discover how to become a bestselling author by going all-in on one marketing strategy. We are joined by Mike Thomas, legendary author of The Secret of the Hidden Scrolls nine-book series – a time-traveling epic that helps kids explore the Bible and their faith. After explaining where the idea for his widely popular series came from, Mike describes how his novels began as a simple Word document printout and evolved into the complete work of art you see today and why he chose to go all-in on influencer marketing after his first book launch. We unpack strategies for getting your book into the hands of many readers as quickly as possible, the various book marketing options and their budget considerations, the power of word of mouth, and the importance of choosing your words very carefully when approaching potential marketing partners. To end, we get an overview of the expected timeline from publishing to marketing to your book becoming a bestseller, and Mike details the pros and cons of other marketing avenues like Facebook and Amazon Ads.

Clare FM - Podcasts
Ennis 2040 Loan Interest Repayments Expected To Cost €650K Per Year

Clare FM - Podcasts

Play Episode Listen Later Feb 12, 2025 8:17


There's calls for urgent transparency surrounding the assets and expenses of the Ennis 2040 DAC. It's after this week's meeting of Clare County Council revealed that interest repayments on the designated activity company's €10m loan are expected to cost €650,000 per year, when the full amount is drawn drown. It's anticipated the remaining €7.8m will be drawn this year and will go towards strategic projects at Abbey Street, Francis Street the Post Office Field and Harvey's Quay. Clarecastle Fianna Fáil Councillor Tom O'Callaghan fears the loan will not be repaid.

The Property Podcast
ASK463: How can I use the equity in my home? PLUS: How can I track mortgage rates?

The Property Podcast

Play Episode Listen Later Feb 11, 2025 6:37


It's time for your weekly dose of Ask Rob & Rob – let's get stuck into some brilliant listener questions!  (0:41) Jane was gifted her parents' house, now worth around £650K. Keen to kickstart her property portfolio, she's torn between renting it out or selling to release equity for a smaller buy-to-let. With no current income, she's unsure about mortgage options – what will Rob & Rob suggest?  (4:02) With both his personal and buy-to-let fixed-rate mortgages ending soon, Jack wants to know the best place to find a reliable resource for up-to-date mortgage data, ideally by email.  Enjoy the show?  Leave us a review on Apple Podcasts - it really helps others find us!  Sign up for our free weekly newsletter, Property Pulse  Send us your question by calling us on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply) or click here to leave a recording via your computer instead.  Find out more about Property Hub Invest 

D2D - Podcast
Golden Door Winners Series: George Divitiae on Crushing $650K+ in Pest Control | The D2D Podcast

D2D - Podcast

Play Episode Listen Later Jan 24, 2025 10:51


What does it really take to hit $650K+ in pest control sales and take home a Golden Door Award? George Divitiae breaks it all down in this raw and unfiltered episode. From losing it all mid-year to finishing strong, George shares how he made it happen. If you're out knocking doors and chasing big numbers, this is the episode you need to hear.Why Listen?It's not just about talent—it's about grit, discipline, and a no-excuses mindset. George didn't just “try” to hit his goal—he committed and delivered. Want to know what separates reps who talk about Golden Door from those who actually win it? Tune in to hear George share:The mental game that kept him going when most would have quit.The biggest lesson he learned from starting over mid-year.How finding the right team changed everything for his success.We're not giving it all away here. If you want the playbook, you're gonna have to listen.

Pizza and Property
Ep 274: Investing Under $650K! Top Property Picks Across Australia - With Junge Ma

Pizza and Property

Play Episode Listen Later Jan 11, 2025 60:06


Investing Under $650K! Top Property Picks Across Australia     What are the top areas to invest in across Australia for $650,000 or less?   Junge Ma, Lead Research Analyst from InvestorKit, shares insights on what types of properties can be purchased in different regions, starting with Adelaide, South Australia, moving clockwise across the continent.   She explores various markets, discussing the unique characteristics and trends of each region. The conversation highlights the importance of understanding local market dynamics, including inventory levels, days on the market, vendor discounts, and rental yields.   Listeners will gain insights into which areas are showing signs of recovery and growth, as well as those that may be experiencing stagnation. The hosts emphasise the significance of long-term investment strategies and the potential for capital appreciation in emerging markets.   Whether you're a seasoned investor or just starting out, this episode offers valuable insights into the current property landscape across Australia. Click on this episode now to learn more!    

Coffee With Cole
Watch Me Write A 6-Figure Email Campaign ($650k in 10 days)

Coffee With Cole

Play Episode Listen Later Jan 9, 2025 32:34


La Cuna Galaxiana Podcast
Neal OUT, Zanka IN? The LA Galaxy Making Moves in 2025!

La Cuna Galaxiana Podcast

Play Episode Listen Later Jan 7, 2025 78:54


The Los Angeles Galaxy have kicked off 2025 and their championship defense by making colossal moves. The team announced today, Jan 6, that they'd sold Homegrown Academy Defender Jalen Neal to CF Montreal for $650K in GAM, an International Roster Slot, and a sell-on clause which will net LA funds upon Neal's transfer. We'll look at the deal, where the Galaxy's roster stands after Neal's departure, and who the rumored Galaxy transfer targets are. Who will Kuntz and co., look to bring in to replace the talented youngster and fill out the team?

D2D - Podcast
Golden Door Winners Series: From Rookie to $650K+ Pest Control Pro in 3 Years—Ricky Ramirez's Journey | The D2D Podcast

D2D - Podcast

Play Episode Listen Later Dec 20, 2024 24:40


In this special Golden Door series episode of The D2D Podcast, JP Arlie interviews Ricky Ramirez, a top-performing sales professional in pest control and a Golden Door Award winner. Having just completed his third year in pest control sales, Ricky didn't just reach the $650,000 benchmark to win the award—he achieved an impressive 90% retention rate while maintaining a balanced and integrity-driven approach. This episode is packed with practical tips and strategies for sales reps looking to hit new milestones and unlock their potential.Takeaways to Achieve Excellence in Pest Control Sales:Stay goal-oriented to push through tough times: Ricky shares how having his sights set on the Golden Door Award helped him stay consistent and overcome challenges throughout the year.Embrace a "next play" mentality: Learn how focusing on the next door, the next neighborhood, or the next opportunity can help you stay productive and move past setbacks.Position your pitch around value: Ricky explains how presenting pest control as a preventative solution allowed him to address common objections effectively.Leverage mentorship for growth: Discover how insights from top performers helped Ricky fine-tune his approach and maintain focus during peak season.Balance consistency with integrity: Ricky highlights the importance of setting clear expectations with customers to build trust and ensure long-term loyalty.Why This Matters:Ricky's journey shows that success in door-to-door sales isn't about luck—it's about applying proven strategies with a disciplined mindset. His experience offers actionable insights that any sales rep can implement to reach higher levels of performance and professionalism.

Mistakes That Made Me
“Chasing a million-dollar business I didn't want (and putting revenue before profit)” with Cindy Wagman

Mistakes That Made Me

Play Episode Listen Later Dec 13, 2024 70:22


In this episode, I speak to Cindy Wagman – a consultant for nonprofit consultants – about shutting down her $650K a year agency to restart her solo business. Cindy shares how her vision of success changed over time and why she ultimately decided to close her thriving agency. She shares insights on defining personal success, making difficult decisions, and integrating values into business operations. Our convo highlights the importance of creating a life-centric business model and the challenges and rewards of staying true to your goals. Find the transcript of this episode on my site, emancopyco.com/podcast Links from this episode: Take Eman's “What's Your Perfect Newsletter Style?” quiz: https://www.emancopyco.com/quizCheck out Cindy's websites: https://cindywagman.com/ and https://www.fractionalfundraising.co/ Connect with Cindy on LinkedIn: https://www.linkedin.com/in/cindywagman/ If you loved this episode, take a screenshot, post it on Instagram, and tell everyone you know that this is the podcast to listen to. Don't forget to tag me! @emancopycoLoving the podcast?Support the show and leave a rating or review here: https://ratethispodcast.com/mistakesGet the BTS scoop on how this podcast is made in this bonus episode: https://emancopyco.com/btsWork with Eman Copy Co. to power up your email strategy, your launches, and your revenueFill in the enquiry form on this contact page: https://emancopyco.com/contact/Want to learn with me?Check out my courses and masterclasses: https://emancopyco.com/learn-with-me/Say hi

Best Real Estate Investing Advice Ever
JF3741: Mobile Home Park Value-Add Deal Deep Dive: Turning a $1.3M Contract into a $650K Purchase ft. Amanda Cruise

Best Real Estate Investing Advice Ever

Play Episode Listen Later Dec 1, 2024 25:02


Ash Patel and Amanda Cruz discuss Amanda's recent acquisition of a mobile home park, detailing the challenges and strategies involved in the deal. They explore the negotiation process, financial insights, and the importance of understanding property dynamics. Amanda shares her experiences with the previous owner, the slumlord, and how they navigated the complexities of the deal. The conversation also touches on funding strategies, lessons learned, and future plans for the property. Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

The Elon Musk Podcast
Cara's Creative App Explodes to 650k Users in a Week as Artists Rebel Against Meta's AI Policies

The Elon Musk Podcast

Play Episode Listen Later Sep 27, 2024 5:45


In this episode, we delve into how the creative app Cara skyrocketed from 40k to 650k users in just one week. Discover why artists are leaving Meta in droves and flocking to Cara in response to controversial AI policies. Get on the AI Box Waitlist: ⁠⁠⁠https://AIBox.ai/⁠⁠⁠ AI Facebook Community: ⁠https://www.facebook.com/groups/739308654562189⁠ Podcast Studio AZ: ⁠https://podcaststudio.com/az⁠ Podcast Studio Network: ⁠https://podcaststudio.com/network/

Lex Fridman Podcast of AI
Cara's Creative App Explodes to 650k Users in a Week as Artists Rebel Against Meta's AI Policies

Lex Fridman Podcast of AI

Play Episode Listen Later Sep 26, 2024 5:45


In this episode, we delve into how the creative app Cara skyrocketed from 40k to 650k users in just one week. Discover why artists are leaving Meta in droves and flocking to Cara in response to controversial AI policies. Get on the AI Box Waitlist: ⁠⁠⁠https://AIBox.ai/⁠⁠⁠ AI Facebook Community: ⁠https://www.facebook.com/groups/739308654562189⁠ Podcast Studio AZ: ⁠https://podcaststudio.com/az⁠ Podcast Studio Network: ⁠https://podcaststudio.com/network/

Lynch and Taco
7:15 Idiotology September 17, 2024

Lynch and Taco

Play Episode Listen Later Sep 17, 2024 11:12 Transcription Available


New York Archdiocese strips 'Friar Tummy Tuck' of duties for allegedly stealing $650K in charity donations, Shakira was at LIV Night Club in Miami filming a music video and left the stage after spotting a fan shooting upskirt video, Amazon gives final ultimatum to return to office, 8-year-old girl took the family car on Sunday morning and drove to Target

PROPERTY LEGENDS with novak properties
EP. 1294 LITTLE JOHNNY HAD $650K - CAN HE BUY MORE OR LESS IN THE MARKET A YEAR LATER?

PROPERTY LEGENDS with novak properties

Play Episode Listen Later Sep 16, 2024 12:41 Transcription Available


Curious about why entry-level properties in Sydney's suburbs are behaving so unpredictably? Uncover the surprising trends and data-driven insights that could reshape your real estate decisions. In today's episode, we dissect the performance of entry-level properties in key areas like Manly, Dee Why, St Leonards, and Botany over the past year. Despite rising interest rates, some suburbs are defying expectations with growth, while others are facing more volatility. We'll share real-time data from RP Data to help first-time buyers and investors navigate this hot market.In the second half, we explore broader trends that have emerged post-covert, focusing on how cautious buyers are now gradually re-entering the market. Though some areas are still catching up to pre-covert values, the potential for capital growth is enticing. We'll discuss how interest rates and the possibility of rate cuts could impact your buying decisions. Whether you're a first-time buyer or an investor, this episode is packed with insights to guide you through Sydney's dynamic real estate landscape.

Jake and Gino Multifamily Investing Entrepreneurs
Accidentally Rich: The Secret Sauce to Tom Cruz's Real Estate Success | The Jake and Gino Show

Jake and Gino Multifamily Investing Entrepreneurs

Play Episode Listen Later Sep 9, 2024 43:16


In this episode of Jake and Gino, co-founder Gino Barbaro sits down with real estate investor and creative financing expert Tom Cruz. Tom shares his incredible journey, starting in 2012 with an accidental entry into real estate due to his dog's breed restrictions, and now owning a portfolio that generates over $650K in monthly passive income! From wholesaling to dominating Section 8 housing, Tom dives into his strategies for leveraging creative financing, scaling his portfolio, and finding success in real estate no matter the market conditions. Learn the secrets to navigating Section 8, the pros and cons of government-backed income, and why iPhone users make the best tenants (yes, really!). If you're a new or seasoned investor, looking to break into affordable housing or scale your real estate empire, this is an episode packed with invaluable insights. Tom's journey proves that luck favors the prepared, and scaling from a single condo to hundreds of units is within your reach!Key Takeaways:How Tom got started with just $15K and turned it into millionsThe importance of creative financing and Section 8Why timing the market isn't everything — cash flow is king!The secrets to tenant screening and property managementWhy managing properties with Cruise Control software transformed his businessScaling from a single unit to over 700 unitsDon't Miss:How Tom used TikTok to grow a following of over 1.3 million in real estate and educationThe hilarious story of Tom's first condo purchase (it all started with a dog!)Join the conversation and learn from a true real estate innovator! Subscribe to our channel for more deep dives into real estate investing, multifamily strategies, and building a brand in the digital age!Resources Mentioned:Section 8 Webinar: section8webinar.comFollow Tom on Instagram & TikTok: @TCruzncJake & Gino Podcast: jakeandgino.com We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors)

Our Future Podcast
#49: This 20-year-old makes $650K/mo bootstrapping AI tools?!

Our Future Podcast

Play Episode Listen Later Jul 17, 2024 36:08


In this episode of Our Future Podcast, Michael and Simmy dive into the journeys of young entrepreneurs like Arib Khan and Dhruv Bindra discussing their unique distribution strategies that enable them to be bootstrapped. We explore the importance of founder-led marketing, the value of investing in distribution, and the evolving landscape of startup success. We also touch on the need for modern content strategies in startup accelerators like Y Combinator. Tune in for insights on building and scaling businesses. 00:00 - Introduction and Podcast Anniversary 00:29 - Convo with Denise Hazime and ProdoScore 02:21 - Private Equity and SaaS Companies 08:28 - Dhruv Bindra and Styl App 16:02 - Arib Khan and Crayo's Success 22:15 - Y Combinator and Startup Strategies 25:48 - Importance of Distribution and Marketing 32:45 - Challenges in Hiring for Marketing Roles 34:28 - Closing Remarks and Podcast Wrap-Up #business #startups #podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

D2D - Podcast
Hitting 650k in revenue with Consistency: Matt Duvalois Path to Golden Door Success

D2D - Podcast

Play Episode Listen Later Jul 13, 2024 73:28


 In this episode of the DDD Podcast's Golden Door Deep Dive segment, we sit down with Matt Duvalois from the pest control industry and GRIT, who just completed his fifth summer and achieved remarkable results. Matt shares his journey, strategies, and mindset shifts that led him to hit a staggering 650k in revenue and service 550 accounts. He delves into the importance of setting specific goals, maintaining consistency, and adapting to different sales environments. Whether you're a rookie or a seasoned direct sales rep, Matt's insights on transforming goals into promises will inspire you to elevate your performanceMain KeywordsPest Control IndustrySales StrategyConsistency in SalesAdaptation in SalesDirect Sales TipsSales SuccessThank you for listening! Don't miss out on future episodes! Subscribe to The D2D Podcast on Apple Podcasts and Spotify.Follow us on Facebook and Instagram. You may also watch this podcast on YouTube!You may also follow Sam Taggart on Facebook, Instagram, and TikTok for more nuggets on D2D and Sales Tips.

AI Chat: ChatGPT & AI News, Artificial Intelligence, OpenAI, Machine Learning
Cara's Creative App Explodes to 650k Users in a Week as Artists Rebel Against Meta's AI Policies

AI Chat: ChatGPT & AI News, Artificial Intelligence, OpenAI, Machine Learning

Play Episode Listen Later Jun 20, 2024 5:45


In this episode, we delve into how the creative app Cara skyrocketed from 40k to 650k users in just one week. Discover why artists are leaving Meta in droves and flocking to Cara in response to controversial AI policies. Get on the AI Box Waitlist: ⁠⁠https://AIBox.ai/⁠⁠ AI Facebook Community: https://www.facebook.com/groups/739308654562189 Podcast Studio AZ: https://podcaststudio.com/az Podcast Studio Network: https://podcaststudio.com/network/

Upswing Poker Level-Up
$1,500 6-Handed Final Table (WSOP Hand Breakdown)

Upswing Poker Level-Up

Play Episode Listen Later Jun 12, 2024 41:07 Transcription Available


Let's analyze WSOP final table hands with over $400K on the line! Want to fast-track your tournament poker skills? Get in the Upswing Lab to get access to Aaron Barone's exclusive training content: https://upswingpoker.com/the-poker-lab-coaching/ Video Version of This Episode | Written Version of This Episode Event #12 $1,500 6-Max Payouts: 1st - $439K | 2nd - $293K | 3rd - $210K | 4th - $153K | 5th - $112K | 6th - $83K | 7th - 63KHAND #1 (7 players left 100K/200K blinds - 200K BB ante)Spasov raises to 400K from UTG w/ T♦ T♣. Dube folds K♦ Q♥ from UTG+1. Only Fan calls from BB with A♠ J♥.(Stack size notes: Spasov has 8M chips and is in 5th. Dube has 9M chips and is in 3rd. Fan has 11.5M chips and is in 2nd. There is a very short stack with 1.3M chips.)Flop J♣ T♠ 3♦. Fan checks. Spasov bets 350K. Fan calls.Turn 3♥. Fan leads for 500K. Spasov calls.River 2♦. Fan bets 850K. Spasov raises all-in for 4.45M. Fan calls.HAND #2 (5 players left 150K/300K blinds - 300K BB ante)Fan raises to 650K from the Button w/ A♣ 6♣. Spasov calls from the SB w/ 9♥ 8♥. Dube calls from the BB w/ 4♦ 2♦.(Stack size notes: Fan has 8M chips and is in 3rd. Spasov has 21M in chips and is in 2nd. Dube has 6M in chips and is in 4th. The shortest stack has 3M chips.Flop A♠ T♦ 5♠. Checks around.Turn J♦. Spasov bets 1.1M. Dube folds his straight+flush draw. Fan calls.River 8♣. Spasov bets 5.7M all-in (1.3x pot). Fan folds.Watch the full final table at https://www.pokergo.com/Subscribe to Upswing Poker on YouTube for Video Versions of These Episodes

Painter Growth Podcast
Painter Growth Story - Evan Simmons: $650k-$1.2M in 2 years - The Neverending Game Of Business

Painter Growth Podcast

Play Episode Listen Later May 17, 2024 22:48


In this episode of our podcast, I sit down with Evan Simmons, owner of Panoramic Pro Painting in Denver Colorado, and Painter Growth client. We delve into his journey as a painting business owner as Evan shares the challenges he faced, his decision to partner with Painter Growth, and the transformative changes he experienced after implementing the systems and advice provided by Painter Growth. Download our podcast-exclusive toolkit of templates for your painting company: ⁠www.paintergrowth.com/podcast/⁠ Learn how to grow your painting company NOW: ⁠go.paintergrowth.com?el=podcast ⁠ Free business breakthrough session with my team: ⁠go.paintergrowth.com/schedule?el=podcast ⁠ Free training series on Youtube: ⁠https://www.youtube.com/@paintergrowthblueprint⁠ Painter Growth Secrets Facebook group: ⁠https://www.facebook.com/groups/paintergrowthFacebook

D2D - Podcast
Cracking the pest control sales jackpot with $650K: Bailey Stanley's Secrets to Golden Door Success | D2D Podcast Deep Dive

D2D - Podcast

Play Episode Listen Later May 10, 2024 34:43


Meet Bailey Stanley, a young sales superstar whotransformed his approach to achieve a staggering $650,000 in revenue from pest control sales. Fresh off an incredible summer, Bailey shares his journey from Idaho construction to pest control phenom, revealing the mindset, strategies, and daily practices that led him to be a Golden Door winner. Discover how Bailey and his team harness competition, culture, and cutting-edge sales tactics to consistently outperform and achieve extraordinary results. Thank you for listening! Follow us on Facebook and Instagram. You may also watch this podcast on YouTube!You may also follow Sam Taggart on Facebook, Instagram, and TikTok for more nuggets on D2D and Sales Tips.

The UpFlip Podcast
118. How I Make $650K/Year Reselling Sneakers!

The UpFlip Podcast

Play Episode Listen Later Apr 8, 2024 27:37


Nicolas Malonga has cracked the code on reselling sneakers online and makes $650K per year. In this episode, Nick shares how he went from reselling used sneakers on OfferUp and Facebook groups to making a fortune selling new Nike's on Amazon and Instagram. We dig into how he got started and what you can do to start your sneaker flipping business with little to no cash.Key TakeawaysStart as a side hustle but treat it like the big business you're trying to grow it into. You're not going to have full time income initially but if you sell and reinvest you will get there.Early on find a mentor or a group you can join to talk to other people doing this. It will help you to avoid common mistakes and you'll feel more supported. Nick shares the best places to find used sneakers, how he started flipping them, and where he now buys new shoes and the platforms that work the best.Resources:UpFlip Courses: https://www.upflip.com/courses/businessUpFlip Academy: https://www.upflip.com/membershipConnect with Nicolas: https://www.instagram.com/sniperkicks32/Connect with UpFlip: On Facebook On Instagram @UpFlipOfficial on Twitter For more insights to start, build, or grow a business, check out the resources on UpFlip.com or head to the UpFlip YouTube channel to see more interviews with business owners and experts. Thanks for listening!

The Rush Limbaugh Show
Hour 3 - Trump Prosecutor Fani Willis Caught in Sex Scandal?

The Rush Limbaugh Show

Play Episode Listen Later Jan 11, 2024 36:39 Transcription Available


Biden looks lost again in recent video. SF board of supervisors celebrates meaningless Gaza cease-fire vote. Libs want to keep children from playing football, but allow them to cut off their genitals. Whoopi Goldberg claims Trump will "disappear" gay people and journalists. C&B take Trump's NY civil fraud case courthouse press conference live. Atlanta DA Fani Willis accused of hiring her married lover, paying him $650K to prosecute Trump case, meeting with WH staff on the case. Nick Saban leaves Alabama, Bill Belichick leaves Patriots.Follow Clay & Buck on YouTube: https://www.youtube.com/c/clayandbuckSee omnystudio.com/listener for privacy information.

Hacks & Wonks
RE-AIR: Digging into Seattle's Budget Process with Amy Sundberg and BJ Last of Solidarity Budget

Hacks & Wonks

Play Episode Listen Later Dec 22, 2023 72:09


Seattle budget season may be over but it's never too early to start preparing and studying up for next year! On this topical show re-air, special guest host Shannon Cheng chats with Amy Sundberg and BJ Last from Solidarity Budget about the City of Seattle budget process. After covering budget basics and where we're at in Seattle's budget process, they cover the ongoing fight over the JumpStart Tax and what's being done (or not done) to address the upcoming $251 million budget deficit in 2025. Next, the trio breaks down the difference between “ghost cops” and the fully-funded SPD hiring plan, as well as why ShotSpotter still isn't a good idea. The show wraps up with a sampling of this year's other budget fights, how people can learn more or get involved, and Amy and BJ's dream budget items! As always, a full text transcript of the show is available below and at officialhacksandwonks.com. Follow us on Twitter at @HacksWonks. Find the guest host, Shannon Cheng, on Twitter at @drbestturtle, find Amy Sundberg at @amysundberg, and find Solidarity Budget at https://www.seattlesolidaritybudget.com/.   Amy Sundberg Amy Sundberg is the publisher of Notes from the Emerald City, a weekly newsletter on Seattle politics and policy with a particular focus on public safety, police accountability, and the criminal legal system. She also writes about public safety for The Urbanist. She organizes with Seattle Solidarity Budget and People Power Washington. In addition, she writes science fiction and fantasy, with a new novel, TO TRAVEL THE STARS, a retelling of Pride and Prejudice set in space, available now. She is particularly fond of Seattle's parks, where she can often be found walking her little dog.   BJ Last BJ Last is a business analyst, and former small business owner, with two decades of budgeting experience across a wide range of industries. He organizes with the Solidarity Budget and Ballard Mutual Aid.   Resources Seattle Solidarity Budget   Notes from the Emerald City   Tools to Understand the Budget | Seattle City Council   “Mosqueda, Council Colleagues Pass JumpStart's COVID Relief Package and Economic Recovery Spending Plan” by Joseph Peha from Seattle City Council Blog   “Seattle's Jumpstart payroll tax raised more than expected. Is the money going where it's most needed?” by Angela King & Katie Campbell from KUOW   Memorandum: General Fund Deficit Historical Analysis from Seattle City Council Central Staff   “Harrell's 2024 Budget Leaves Big Questions on Safety and Looming Shortfall” by Doug Trumm from The Urbanist   Final Report of the Revenue Stabilization Workgroup   “Removing Vacant Police Positions in Seattle's Budget Is Good Fiscal Stewardship” by BJ Last for The Stranger   “Police Budget Fizz: Hiring Falls Short, Shotspotter Gains Support, Burgess Misrepresents Jane Jacobs” from PubliCola   “Nearly half of Seattle police calls don't need officers responding, new report says” by Elise Takahama from The Seattle Times   “Set Money Aside for Illegal Surveillance, or Fund Community Needs Now?” by BJ Last and Camille Baldwin-Bonney for The Stranger   “New UW study says human-services workers are underpaid by 37%” by Josh Cohen from Crosscut   City of Seattle Budget Office   Stop ShotSpotter! Webinar - Seattle Solidarity Budget and ACLU of Washington | Nov 8, 2023   Guaranteed Basic Income Panel - Seattle Solidarity Budget | Oct 10, 2023   The People's Budget Seattle | Announcing Winning Projects   Transcript [00:00:00] Crystal Fincher: Welcome to Hacks & Wonks. I'm Crystal Fincher, and I'm a political consultant and your host. On this show, we talk with policy wonks and political hacks to gather insight into local politics and policy in Washington state through the lens of those doing the work with behind-the-scenes perspectives on what's happening, why it's happening, and what you can do about it. Be sure to subscribe to the podcast to get the full versions of our Friday week-in-review show and our Tuesday topical show delivered to your podcast feed. If you like us, the most helpful thing you can do is leave a review wherever you listen to Hacks & Wonks. Full transcripts and resources referenced in the show are always available at officialhacksandwonks.com and in our episode notes. [00:00:52] Shannon Cheng: Hello, everyone! This is Shannon Cheng, producer of Hacks & Wonks. I'm here as your special guest host for today. Everyone's been super busy with elections, but another important thing currently happening right now in a lot of our local jurisdictions is that they're having budget deliberations for the coming year. Budgets are super important - we talk a lot about policy on this show, but what really matters in the end is how that policy is implemented and budgets manifest our intent. So Crystal let me take over the show for a day, and I wanted to have some folks on who are closely following the budget here in Seattle. They're two local community organizers with Solidarity Budget. And before we get to meeting them, I just wanted to point out that while we're gonna be focused pretty deeply on the City of Seattle's budget, a lot of what we talk about is applicable to other places. So if you're interested in getting involved in the budget where you live, we can learn something from these experts. So without further ado, I just want to welcome Amy Sundberg and BJ Last. Amy, starting with you, can you tell us a little about yourself and how you got involved with Solidarity Budget? [00:02:00] Amy Sundberg: Yes, hello! It's good to be here. I'm Amy, and I am the publisher and writer of the newsletter Notes from the Emerald City, which is a weekly newsletter that covers issues involving public safety, police accountability, and the criminal legal system - in our local area - so Seattle and King County mostly, and occasionally the state of Washington. As well, I sometimes cover public safety issues for The Urbanist. And I organize with People Power Washington and Solidarity Budget. Originally, I got my start organizing with People Power Washington and we would uplift the demands of Solidarity Budget. And eventually I connected with the folks at Solidarity Budget and started working with them as well, so that's how I initially got involved. [00:02:45] Shannon Cheng: What about you, BJ? [00:02:46] BJ Last: Hi, thanks. Great to be here. BJ Last - don't do anything as cool as Amy on a regular basis. I've lots of years as a budget analyst, former small business owner, was a professional baker - did pop-ups, but then COVID, so that kind of went by the wayside. I actually first got involved with Solidarity Budget over SPD overtime. SPD has a massive history of overspending on overtime. In 2020, there was a resolution the City passed mid-year saying if SPD overspends on its overtime, we won't give them more money for it. Lo and behold, SPD did. At the end of the year, council was like - Okay, fine, we'll give you more money, but we swear we're gonna take it from you next year to do an offset. And wanted that fight to be like - No, we need to actually try to get that money from them next year to have any kind of budget accountability. And spoiler, that sadly never happened. [00:03:34] Shannon Cheng: I agree with you that Amy is cool and also that the SPD overtime issues are very frustrating. For folks who don't know, could you give a little background on what Solidarity Budget is, and how it came to be, and how you all work together? [00:03:48] BJ Last: Sure thing. So Solidarity Budget came up out of - actually Mayor Jenny Durkan. Groups caught that Mayor Durkan was promising a lot of different groups the exact same pot of money and then being like - Y'all fight amongst yourselves to do this. And groups came together and was like - We're tired of actually just always being pitted against each other and forced to fight each other for scraps in the City budget, while all the funding goes to things that no one was wanting, like while all of the funding goes into SPD. SPD alone is still a quarter of the budget, getting everything carceral - it's about a third of the general fund. So it was that desire of - No, we don't want to be pitted against each other. And just rejecting this framework of - we have to fight against each other for scraps. So coming together as groups to be like - what are our big priorities and saying - Look, we are advocating for all of these things. [00:04:38] Amy Sundberg: I would say in addition, we wanted to make sure that when we're talking about the budget every year, that those most marginalized are centered in that conversation. And often they aren't, right? So it's important to have a coalition who has that front of mind when advocating. [00:04:54] Shannon Cheng: That's super smart. Our experience has been - it can be hard to get heard by electeds, just - if you're not the people in power, sometimes it just feels when you send your email and make your phone call, your voice might not be heard. And so trying to come together and forming a coalition so that you can have a larger voice seems like it would make a lot of sense if you want to push the lever on budget-related issues. Okay, so let's jump into some background and some budget basics before getting deep down into the weeds. Did you want to give, Amy, a sense of what the scale of budgets are at different jurisdictions and then what we're talking about here in Seattle? [00:05:31] Amy Sundberg: Sure. So there are many different government budgets. The biggest one, of course, is the national budget for the United States, which is around $4.4 trillion. So obviously a huge pot of money. Most of that money comes from personal income tax that we all pay every year and also corporate income tax, et cetera, et cetera. Then we have the state budget, which is about $72 billion per year. And then we have the King County budget, which is $6.2 billion per year. So you see, we're kind of getting smaller and smaller as we get into smaller jurisdictions. And then we have the City budget. And city budgets tend to be around $5 to $6 billion per year in total. All of these budgets are made up from various types of taxes and fees, and they each are responsible for funding different services in our communities. [00:06:26] Shannon Cheng: Great. So for the City of Seattle - let's just focus in on that as our example for today's episode. So where does the money for the City of Seattle come from? [00:06:35] Amy Sundberg: If we're talking about - particularly general fund - most of that money would come from property tax, sales tax, and B&O tax, which is a business tax. I think that's about 60% of the funds. And then there are a lot of other very small buckets of money that come in as well to make up the entire amount. [00:06:56] BJ Last: That's a great overview, Amy. And one thing I do want to just mention - so the total Seattle budget is $7.8 billion, but the vast majority of that is stuff that is extremely restricted. For example, we have public utilities. So City Light - that's $1.5 billion - that is all funded by the rates people pay for their electricity. So while that's there in that total number that makes the City's budget look absolutely huge, it's not accessible - the council can't use that to fund things. So the general fund is a much smaller slice of that. It's just about $1.6 billion. And that's the money that the City pretty much has full discretion as to where it decides to go and spend that. [00:07:37] Shannon Cheng: So if I'm understanding it correctly, you're saying Seattle's budget is pretty big, but a large part of it is already appropriated to specific things. So when it comes to these priorities that when people - they're looking around at their city or their neighborhood, and they want things - it's gonna have to come out of this thing you call the general fund. Is that correct? [00:07:57] Amy Sundberg: Yes, that's correct. So most of what we're advocating for every year is general fund dollars. [00:08:04] Shannon Cheng: Okay, and so you are saying, BJ, that the general fund is about $1.6 billion. So what types of things are currently getting funded out of the general fund? [00:08:14] BJ Last: Yeah, that's correct. So it's $1.6 billion. It's - very broadly defined, Public Safety is 47% of it. And that is SPD, also includes the Office of the Inspector General, the CPC, the police pension - those are all four different departments that are in there, that are all cops. The Fire Department and CARE/CSCC, which is the 911 dispatch - which is currently CSCC, may be getting rebranded CARE soon. So that's 47%. The next biggest bucket is Administration and that's 22%. And Administration is kind of a massive catch-all that includes a lot of things - so major expenditures in there are for indigent defense and the City's contract with the King County Jail. So when SPD goes and arrests someone and puts them in there, the City is effectively leasing part of the jail from King County - and that's to pay part of it. And it also includes things like Judgment and Claims Funds, which is for when people are suing the City - that comes out of there, that's housed in that Admin section. And unsurprisingly, that one's also been increasing a lot lately due to lawsuits coming from 2020, which we know what those were. And then the other thing that is anything really is Education & Human Services, and that's about 15% of the general fund. So those three things of Public Safety, Administration, Education & Human Services account for 80% of the general fund. [00:09:39] Shannon Cheng: Wow, so what's left in that 20% that's remaining? [00:09:43] Amy Sundberg: Oh gosh, it's a lot of small things. Libraries, for example, will get funded out of that. A lot of our Transportation actually gets funded through specific levies, so it wouldn't come from general fund. And I think that's true of Parks & Rec as well. But there might be some little bits of money that go to Transportation and Parks & Rec - they have varied funding sources, basically. [00:10:05] Shannon Cheng: Okay, great. So that's the general fund, the discretionary portion of the City of Seattle's budget. So what's happening right now with the process? [00:10:14] Amy Sundberg: When we talk about budget season in Seattle, it's generally just a two-month period in the fall. But really, budget goes on for much of the year - because before the fall, the City departments are having to analyze their budgets and turn in reports to the mayor. And then the Mayor's Office is developing a proposed budget - that's the budget that gets announced at the end of September. At that point, the City Council is able to come in and make their changes that they might wanna see in that proposed budget. So that's where we are right now. First, they review the proposed budget to make sure they understand what's in there and what isn't in there. And then the Budget Chair, who this year is Councilmember Mosqueda, puts together a balancing package - that's a package where she thinks that there is consent amongst the councilmembers, that everyone agrees that these are changes that should be made for the most part. And then each councilmember is given the opportunity to suggest amendments to that balancing package. And they need to get two other councilmembers to sponsor that in order to get those amendments considered. So that's where we are right now - we've just heard the amendments that are being considered. And eventually what will happen is that those amendments will be voted on by the Budget Committee, which is all of the councilmembers to be clear. [00:11:35] Shannon Cheng: Okay, so Mayor Harrell sent over his proposal end of September and we're about a month into the Council's involvement. And this is the budget for next year? [00:11:45] Amy Sundberg: Yeah, for 2024. [00:11:46] BJ Last: So Seattle operates on a biennium budget basis. So last year they set the budget for 2023 and 2024. So this year they're currently doing adjustments to that 2024 budget. And then next year it'll be back to doing the full biennium, where we'll be looking at 2025 and 2026. [00:12:04] Shannon Cheng: Okay, so this is just finishing up last year's work through the end of the year, and just adjusting based on the realities of how much money is coming in and new needs for expenditures. [00:12:15] Amy Sundberg: Theoretically that is the case. Seattle is a little bit less strict about that than some other municipalities. I would say King County is more of a true biennial budget, whereas Seattle's kind of a biennial budget. And I think actually there's been some push to make it more like King County, to make it more of a true biennium. So we'll see what happens with that. [00:12:36] Shannon Cheng: Okay, interesting. Another thing I keep hearing about all the time is this fight over the JumpStart Tax. And I think it'd be good to just lay out very clearly - what is that fight all about? [00:12:47] Amy Sundberg: Yeah, so the JumpStart payroll tax passed in the summer of 2020. And then the council passed a spending plan for it in 2021 to put into statute what exactly the JumpStart Tax is supposed to go to pay for. And just so we're clear on what that spend plan is - 62% of JumpStart funds are supposed to go to affordable housing, 9% to Green New Deal, 9% to Equitable Development Initiative, and 15% to small business. What has happened though - basically, because this was going on in the middle of the pandemic - obviously there was a lot more needs, the City budget was a little messier than maybe normally. So they allowed some of these JumpStart Tax dollars to be spent as a kind of a slush fund for the general fund so that we wouldn't have to have an austerity budget. And the idea was that over time this would transition and eventually all of the JumpStart Tax funds would go to those percentages that I mentioned a moment ago. However, what has ended up happening is that every year - regardless of what mayor we have - every year the mayor will take some of the JumpStart dollars and move it over for general fund purposes, instead of those specific Green New Deal and affordable housing purposes. Every year Council kind of tries to claw back those JumpStart funds to put them into the main purposes they were meant for. Now we're still having some budget issues, so there has been - even for this year - some money that Council agreed could be used from JumpStart funds to fund general fund priorities, especially because JumpStart funds ended up being larger than originally anticipated. So the compromise that was struck was that those extra dollars that we weren't originally expecting can be used to kind of help prop up the general fund. But what ends up happening is sometimes more money beyond that gets pulled from JumpStart into the general fund. And of course, because affordable housing in particular is a large percentage of where that money is supposed to go and is such a priority in the city right now, given our housing crisis, this becomes a big fight every year. [00:15:05] Shannon Cheng: Okay, yeah - that's helpful. So I think I saw - in 2021, the JumpStart Tax generated $234 million. And so that was one of those years where the City and the Council felt that some of that needed to go towards other things than that spend plan that you referenced. And so about 37% of it ended up going to the general fund. And then that leaves a much smaller slice left for addressing those issues that you listed - housing, small business support, Green New Deal, equitable development - which, if people stop and think about - looking around, what are the biggest issues that the City's facing right now? I mean, that's what these are trying to address - the housing crisis, small businesses struggling after the pandemic, needing to do something about climate change in a meaningful way, and then also trying to spread our resources in a more equitable way across residents of the city. And so - to me then - thinking about JumpStart Tax, it's sort of a mini version of a whole budget. Because we had purported values that we stated out when we passed this legislation - saying this is what we want to spend this money on. And then, as with many things, it's the reality of the implementation that lets us see where our priorities truly are. And it sounds like - in 2020, we said very strongly - We need to meaningfully address these issues that we've been in a state of crisis for for a long time, and they've just been getting worse. And people are pointing that out - you see that. What I find really interesting is that the original people who've opposed the JumpStart Tax - so that would be the Chamber of Commerce, the Downtown Seattle Association - are these the same people who are now pushing to take the money away from JumpStart's original purposes and redirect it towards other things? [00:16:53] BJ Last: Honestly, yes. They're a lot of the people pushing that they want to - I'll use the phrase - "liberate" JumpStart funds so that it can be used as effectively just more general fund backfill. They also haven't entirely given up on fighting JumpStart. As part of the Revenue Stabilization Task Force that was meeting this year, the representatives from the Metro Chamber of Commerce, she made comments of - Hey, we think we should actually pause JumpStart for a year or two - supposedly to help businesses on recovery. So they are still fighting on JumpStart a little. The opponents of JumpStart have much more moved to - they just want it to be more general fund. [00:17:32] Amy Sundberg: And I do think it's important to state also that when we talk about wanting to allow businesses to recover, JumpStart Tax only applies to very large businesses with very high payroll and very highly paid employees. It's not hitting small businesses - that's not how it was set up. [00:17:51] Shannon Cheng: Yeah, previous to JumpStart Tax, there was an attempt to pass the Amazon head tax and that did pass, but then eventually got repealed because of a lot of protest. And I believe the JumpStart Tax came out of a coalition that got built after that failed attempt, which included small business groups - because 15% of the JumpStart revenue is supposed to go towards small business support. Which everybody likes to say - small business is super important to the health and vibrancy of the Seattle economy. But are we willing to put our money where our mouth is on that? I just find it pretty insidious the way that they're approaching this because they oppose the tax to begin with, they're still opposing it now, they wanna pause it. But when they ask for the money to go back to the general fund, it seems like it's going back to a lot of their own interests, such as downtown activation. So not only are they taking the money back for themselves, they're also weakening the implementation of what this tax was originally said to do. People probably heard about this tax when they announced it - there was all sorts of glowing praise of this is gonna address meaningfully these problems that everybody cares about. And yet now, by weakening it and taking money away, we can't spend as much of that money on it. And so obviously, when you look at the results of what the JumpStart Tax has done, it will look like it's less. And so I just really wanna call that out. I also wanna call out that the council that passed the JumpStart Tax in July of 2020 is pretty much the same council we currently have other than Councilmember Nelson who replaced Councilmember González in 2021. And JumpStart Tax passed 7-2. The only two councilmembers who did not vote for it were Councilmembers Juarez and Pedersen. How have they been reacting to all this JumpStart scuffling? [00:19:33] Amy Sundberg: They definitely have been less supportive of increasing the JumpStart Tax in any way - that has been noticeable. [00:19:40] BJ Last: Yeah, they have also been very much on the wanting to just throw the spending plan out the window. Actually, it was Councilmember Pedersen who's the first one that I heard use the expression of "liberate" JumpStart funds - create additional flexibility and disregard that. There are also subtler attempts to pretend that the JumpStart spend plan is very unclear, and so potentially needs to be revisited due to that - even though it's actually an extremely clear spend plan. People just keep trying to violate it - it's not that the plan isn't clear, people just keep asking for stuff that goes outside of that spend plan. [00:20:13] Shannon Cheng: Okay, so then the councilmembers who did vote for it - so those would be Councilmembers Herbold, Morales, Sawant, Strauss, Lewis, and then obviously Councilmember Mosqueda, who spearheaded the effort. Are they staying strong behind the values that they voted for on the JumpStart Tax, or has that kind of squished up since then? [00:20:31] Amy Sundberg: I would say - I mean, you know - it's hard to say what is in their hearts, but I would say it's a mix. I think some of them have stayed pretty strong, and I think others of them have, you know, less so. [00:20:45] Shannon Cheng: Okay, fair enough. I guess I'm just concerned 'cause it sounds like this JumpStart Tax issue will continue to carry on, and it is possible that we will lose its biggest champion on the city council next year. So I just want everybody listening to understand what this fight is about and why it's so important. To me, it kind of comes down to differences in opinion over what is gonna float all the boats in this city, right? I mean, business wants us to believe that if we just pour all the money into business and their interests, that that will just generally help everybody. Whereas what JumpStart was trying to do, I believe, is trying to build from the ground up by providing people housing, trying to spread the resources in a more equitable fashion, tackling climate change, providing good jobs that come out of tackling climate change. And so I just really think this is a fight over shifting decision-making about how we spend our resources from being concentrated with a few powerful interests, and letting more people have a say and access to success and opportunities to do well in this city. [00:21:48] Amy Sundberg: I would say Councilmember Mosqueda in particular has been a stalwart advocate of JumpStart. And as the Budget Chair, she has been in good position every year to counter the attempts to try to use JumpStart as more and more of a City slush fund. So if we lose her on Council at the end of this year, that certainly will make it more concerning going forward in terms of what will happen with JumpStart. I'll also say there is this spend plan. It is in statute currently. That statute could be changed, so it's not like it's protected forever. [00:22:21] Shannon Cheng: All right, so everyone - it's Election Day. Get out and vote - try to think about who's gonna be our next champion for the JumpStart Tax. So moving on, we also keep hearing all this news about an upcoming budget shortfall in 2025. What's happening with that? [00:22:39] Amy Sundberg: So the City of Seattle is facing a massive budget deficit starting in 2025. It is now estimated to be around $251 million deficit, which has gone up based on the mayor's proposed budget. So basically, the mayor's proposed budget this year has made the problem worse - potentially - in upcoming years. $251 million is a lot of money. And so the question is, what are we going to do to address that? There are two main ways to do that. You can make cuts to the budget - spend less money. Or you can pass new progressive revenue that will help fund the budget. We are not allowed by law to have a not balanced budget, so that is not an option - it's not on the table. Or of course you can do a combination of cuts and new progressive revenue. So those are kind of the two levers that councilmembers have to play with. And what is relevant in this budget season right now is speaking about new progressive revenue, because if we want to pass new progressive revenue for the City of Seattle, we would need to plan ahead a little bit. Because it will take some time to implement any new progressive revenue that we might pass - there's a ramp up to getting it done. So if we wanted to have that revenue to rely on for 2025, we would really ideally want to pass things now before the end of the year. [00:24:03] BJ Last: What I'd add on to what Amy mentioned is how we actually ended up getting to this upcoming deficit. Over the last two decades roughly, Seattle's population has grown at a really robust clip. We have all seen that. We have not seen the same growth in the general fund revenues that come in. Property tax increases are limited to - I believe it's at most 1% a year for the city - because sales tax also does not increase. So while we are seeing this really big increase in population, we have not seen the same with our general fund. It has really not moved that much. So it isn't the narrative of - Oh, the city has added a bunch of new pet projects or whatever, and that's where it's come from. It's come from largely - the city has gotten bigger and the general fund growth has not kept up with that. 85% of that upcoming deficit projected is all due to just open labor contracts. The Coalition of City Unions - their contracts are open. SPOG - their contract is also open. Paying Coalition of City Unions, paying the City workers - the people that like literally keep the lights on, fix the roads - of actually going and paying them is where this is coming from. [00:25:06] Amy Sundberg: And especially because inflation rates have been so high the last couple of years, right? So that's - they need a much larger raise than they would need if inflation was not high. [00:25:15] BJ Last: Also on the inflation part - thank you, that's a great call out, Amy - growth of the general fund has not kept up with inflation, especially just these last two years. I think there've even been other years where it hasn't happened, but these last two years in particular, we have not seen the general fund grow at the same rate. So things have gotten more expensive for the city that the general fund has to get spent on, but the dollars coming in the door haven't kept up with that. [00:25:35] Shannon Cheng: Is anything being done about that? Did the mayor propose anything about progressive revenue, or thinking about this upcoming problem? [00:25:42] Amy Sundberg: The mayor did not propose anything having to do with new progressive revenue in fact, which is a decision that he has been critiqued for in the local media. And there certainly has been a fair amount of rhetoric about just tightening our belts, right? But to be clear, $251 million - that's a lot of cuts that would drive us straight into an austerity budget, one would think. So that is where the mayor's office has landed, but there have been a lot of conversations about potential new progressive revenue that started with the task force that BJ mentioned earlier, which was brought together to look at various possibilities of what could be good new revenue sources. And certainly there were people that sat on that task force that had a priority of finding good new progressive sources of revenue in particular, as opposed to regressive taxes that will hurt people who have less more. And they did find some reasonable options that would not require a change in state law, and so could potentially be implemented in time to address the 2025 budget shortfall. So I would say that there are three main possibilities at play right now that are being discussed. One of those is a capital gains tax, so we had a capital gains tax at the state level pass - so far it has survived any legal challenges that it has faced. So it would be possible for the City to institute a tax above that. It would be a fairly small amount, probably 1-2% capital gains tax. Councilmember Pedersen originally was the councilmember who suggested this, and he also suggested that we remove a certain water fee. So it'll be interesting to hear a more robust analysis of that water fee to find out - is that truly a regressive tax? Or with various rebates, et cetera, that are available for people - is it not that regressive a tax? Because if we were to take away that water fee, it would be revenue neutral, so it wouldn't actually assist us with the upcoming deficit. Not to say it's still not worthwhile to talk about, even if that's true, because we want to get rid of more regressive taxes and institute more progressive taxes. So either way, that's a good conversation to have - but it's unclear to me more of the details of that water tax, how regressive it is. So that is an important thing to discover. The other two options have to do with the JumpStart Tax that we were talking about. One of them would be just to increase that JumpStart Tax across - it has a tiered structure right now, so across the tiers to just increase it. Councilmember Sawant has already proposed very, very modest increases in that JumpStart Tax in two of her amendments for the 2024 budget to fund specific priorities. So increasing the JumpStart Tax just full stop is one option. Another really intriguing option that has been discussed is something called a CEO pay ratio tax. This would require corporations that pay their top executives exorbitant amounts to pay an extra tax, or fee, or surcharge. So basically what we could do is use the JumpStart Tax as a vehicle by adding an extra layer to it. So there would be an extra tax that would only apply to corporations that exceed a certain CEO pay ratio. And what I have heard about this tax - again, so it would be fairly easy to implement because you don't have to change state law, you would just add an additional layer to an already existent tax. And what I've heard is that it would collect a significant amount of funds, but I don't have any actual numbers on that. So it will be really interesting to hear an analysis of how much money that could potentially actually bring in. And what Councilmember Mosqueda has announced is that there will be an extra Budget Committee meeting after the main 2024 budget is passed to discuss some of these possibilities at more depth. So they will be discussed earlier in November, kind of as a briefing, and then the councilmembers will meet after the budget is passed to potentially vote on some of these possibilities, if they're not already passed in the 2024 budget. [00:30:09] BJ Last: One thing I wanted to mention - so the Revenue Stabilization Group looked at about 20 different taxes. They did a great write-up that finally made it out in August after having been delayed a few times. The three taxes Amy mentioned - one of the reasons that they're at the top three is how quickly they can get implemented. So, you know, we're currently sitting and recording this - it's November, the budget deficit starts on January 1st, 2025. There is very limited time to go and get an ordinance passed and actually then to have that go into effect - since a new tax doesn't go into effect the day that it is passed - and to make sure that it would survive any legal challenges. So there is even like a broader list of things, but because we have kept putting this conversation off, because the city has sort of kept pushing the can down the road, we don't have very much time to go and pass this. We have about 13, 14 months to get something passed and to start having dollars coming in the door before that deficit hits. [00:31:04] Shannon Cheng: All right, so time is of the essence here. And it sounds like although Mayor Harrell didn't put anything in his proposals to address this, at least Council seems like they're gonna be on it in some fashion. So we'll see what comes of that. Okay, so that's the revenue side of the budget. And I think that's helpful for people to understand, 'cause I think it's much easier to talk about what you want to spend money on rather than where that money is gonna come from. I mean, I know I'm like that in my own life. So maybe we need to talk about what are we gonna spend all this money that we're bringing in on. And earlier in the show, talked about a rough breakdown of the general fund - it sounds like a huge portion of that goes towards public safety, which includes the Fire Department and the Police Department. So is the reason why sometimes it feels like there's so much focus on the police budget because they're kind of the biggest chunk of the budget, so that if you were trying to look for places where we could make some savings, it would be there? [00:32:05] BJ Last: I'd say absolutely. Not only are they the biggest chunk - no other department eats up as big a portion of the general fund as SPD does. So not only that, but they also get absurdly special treatment that no other department gets, where a lot of basic budget practices even just get entirely thrown out the window because it's for SPD. Ghost cops are a great example of this. Ghost cops are positions SPD gets funded for, even though they have no plan, intention, or ability to fill these roles. So these are not people that SPD even thinks they can plan - they have said they aren't going in the plan, there's no desire to, but they still get funding for them year after year. There are like 213 of these now currently sitting around and it works out to be - about $31 million of SPD's budget right now is slush fund on this. And we talked about the upcoming deficit in 2025. So a $250 million roughly - $30 million on these guys - you can see that this is a large percentage of the deficit sitting right there in these ghost positions that councilmembers just don't want to touch. And to give a sort of example of how no one else gets treated this way - where they get to just sort of hold on to this positional authority when they have no ability to fill it. Last year, the city abrogated 24 911-dispatcher positions, which - abrogation means they remove positional authority to it. No one probably heard about this 'cause there wasn't a big kerfuffle because it's normal. Council and the mayor and everyone's like - Well, you guys have said you can't hire these guys for the next two years for the duration of the biennium, so we're just gonna remove positional authority to it. If staffing plans change, we can re-add it. We can also add this back into the 2025 biennium if staffing levels have picked up. And in fact, they actually already are adding back about three of them in the supplemental of - in 2024 now in the budget process because their hiring has picked up. So just using 911 dispatch as an example - the ghost cops, the excess positional authority - no other department gets that. Every other department it is what your staffing plan is - the number of people you actually expect to hire - that is the number of positions you get, and that's the number of positions you get funded for. SPD gets this massive slush fund that they get to go and use on whatever the heck they want. And there was also even a technology one that we saw in the 2022 budget. Truleo - it's a technology - it swears it's like AI, natural language processing of body camera footage. SPD specifically asked for additional money for this program as part of the 2022 budget. Council explicitly did not give them funding for this. They said - We are not funding this program. Then the City found out at the start of this year that SPD actually went ahead and bought Truleo anyway. So they ended up canceling the contract, but it ended up as a thing of - usually if a department goes to a company and says, We need additional money for this project - if they don't get that money and then they find a way to fund that project anyway, it raises a lot of questions. Like, why did you say you needed additional money for this if you could already cover it with your additional budget? And hey, all those other items that you said you needed additional money for, that we gave you additional money for - how many of them did you really need additional money for versus you were just attempting to pad out your budget? So that's one of the reasons why it gets a lot of attention. Not only is it just the biggest percentage of the general fund by a lot, but the absurd special treatment that they get. [00:35:29] Shannon Cheng: So SPD is 26% of the general fund? [00:35:33] BJ Last: SPD itself is 24-26%. That does not include the police pension department - that is a separate pension in there. It does not include the Office of Inspector General and the CPC, the Community Police Commission, even though they are also both part of that. So when you start adding all of those, it goes up even over a quarter. And then when you add in the city attorney's office, municipal courts, indigent defense, jail services - what we're spending on carceral - it's a third of the general fund all ends up sitting there. [00:36:05] Shannon Cheng: Wow, okay. Yeah, I see here - just the Seattle Police Department alone, not all those other things you added on - they're sitting at just under $400 million. So what I'm understanding is these ghost cops are haunting, I guess, the Seattle Police Department budget. [00:36:23] BJ Last: These ghost cop positions - they do haunt the general budget. Amy talked about how we're defunding JumpStart. So it's about $85 million last year, $85 million this year, $85 million next year - that's getting transferred from JumpStart to the general fund. So again, transferred from Green New Deal, affordable housing to the general fund. Because SPD gets a quarter of the general fund, that means that $21 million a year roughly is literally going from affordable housing to SPD and its ghost cops. [00:36:54] Shannon Cheng: Oh man. Okay. So, and then they're taking it, and as you said, spending it on things that they were explicitly told not to spend it on or who knows what else, right? We try to dig in and get more transparency into what's going on, but that can be difficult. And just what BJ was saying about budgeting practices and that SPD is not subject to those at times - so I looked at the King County biennial budget for the same time period from 2023 to 2024. And they have line items across all of their appropriation units, including the Sheriff's Office and the Department of Adult and Juvenile Detention, that's called a vacancy rate adjustment. And this is exactly what BJ is describing - it's capturing salary savings from them not having been able to hire and being able to put that back into the general budget so that they can use it for other things that there's a need for. And then in addition to that, last biennium for King County, they had an additional line item specifically only for the Sheriff's Office and the Department of Adult Juvenile Detention called Capture Additional Vacancy Savings. And here, I'll just read the line item - it says it's to increase expected savings due to vacancies to account for current unprecedented vacancy level. And, you know, it allows the Sheriff's Office and DAJD to request additional appropriation to reverse it if the vacancy rate reverses and that we're able to magically start hiring a ton of people. I mean, we see that there's kind of a nationwide hiring shortage across every kind of profession, but in police and corrections officers as well. So this is not abnormal, and there was not a giant fight in the King County budget when this happened. Just to give you a sense of the magnitude - just from the original base vacancy rate adjustment, it was $5.3 million from the Sheriff's Office. And that additional vacancy savings was $5.7 million. So this is meaningful money that can be used in other places and not just locked up in the - Oh, well, maybe law enforcement will get to use it. Or maybe when they get close to the end of the spending period, they'll just spend it on something that we didn't all agree that we wanted. [00:39:03] Amy Sundberg: I will say as well that SPD has a very optimistic hiring plan and they never hit it - at least for the last several years that I've been following it, they don't hit it. And this year they actually - the department shrank again. They have a negative total when you add in hires minus attrition. So it's still shrinking in spite of these hiring bonuses that we have no evidence actually works. But these ghost cop positions aren't even part of that. They're ones that even SPD says - We definitely aren't gonna hire that this year. It's not taking away from the hiring plan that SPD wants and thinks they can hire. It's additional positions beyond that. And to be clear, it's a couple hundred additional positions. It's not like four or five. [00:39:50] Shannon Cheng: Okay, thanks. 'Cause I feel like people conflate that a lot - this talk of supporting SPD and public safety and fully funding their hiring plan, which it sounds like that's what has been happening, but then you have this conversation about abrogating these positions or ghost cops. And so you're saying that those are two separate things? [00:40:10] BJ Last: Absolutely. SPD - they always put out incredibly optimistic hiring plans, even by their own terms. So their hiring plan for next year is still that they will end up with - I think it's a record number of hires, like more than they've ever had - hiring 125 cops, I think it is. And with the number of cops leaving slowing down. And they're like - Cool, our full hiring plan for next year is roughly 1,130 cops. And they're currently getting funded for like 1,344 cops, something like that - it's a difference of 213 positions between what they've said they can hire and what they actually plan on trying to hire - between that and what they're actually funded for. [00:40:47] Shannon Cheng: What are the issues in the hiring pipeline? Why is there a limit to the number of officers that they would actually be able to hire? [00:40:54] Amy Sundberg: I mean, there's a lot of factors. Primarily, there aren't enough applicants to begin with - not enough people want to become police officers at SPD. That's an issue. But as well, I just also - the hiring process takes time because they have to go through a series of testing and vetting. And then if they aren't lateral hires - if they're new recruits, then they have to go through the academy. And even once they're done with academy, they go through more training on the job, so they're not really full officers at that point yet. So it just - there's a long ramp to hiring new officers. Lateral officers - SPD has a great interest in hiring them because they've already been a police officer somewhere else. So they can kind of get plugged in more easily, directly into SPD. But they've been having a really difficult time finding lateral hires. So far in 2023 - I forget - it was four, five, or six total lateral hires for the entire year. And they had expected to be able to hire many more. And when asked about it, Chief Diaz said that the candidates simply weren't good enough for them to hire more than that. But somehow magically, they expect the candidates to get better next year if you look at who they expect to hire next year, which I think is interesting. [00:42:09] BJ Last: And I'd also say, Amy, none of that is unique to Seattle at all. It was already touched on - this is not just Seattle Police Department is having trouble hiring, this is police departments everywhere. Fewer people want to become cops. And just like Seattle, it really, really wants lateral hires because it's much shorter. I think the timeline from a new recruit is like 18 months before they are counted as a employable officer, or whatever their term is. The lateral is much shorter. So not only does Seattle want them, every other department wants them. Thing is just - people do not want to be cops as much. We know one of the things that isn't a barrier to hiring at all is pay. The average SPD officer made over $155,000 in 2022, based on the City's wage data. So they are making - the city pays an absolute ton for SPD on the individual officer level. There're the hiring bonuses that have been around that don't do anything. So it's - for these lateral hires, it's $30K that they're getting offered, it's $7,500 for a new recruit. So the city has already tried throwing just buckets and buckets of money to see if that would somehow turn into more people wanting to be cops in Seattle. And it has absolutely positively not worked. And that really needs to be acknowledged - not throwing money at this one - that's not going to change things here. It's not unique to Seattle, it's across everything. And it's also one of the reasons why other cities have moved to actually non-police responses to things. Because we look back - tons and tons of studies - SPD did its own study in 2019 that showed, I think it was 56% of all 911 calls are non-criminal. There was the National Institute for Criminal Justice Reform Study that came out in 2021 - showed 80% of all the calls SPD is currently doing don't match anything in the criminal code, and 49% of those calls could immediately go to the community. So one of the reasons other cities are going into non-police responses is because it's what cops actually do - is they respond to non-criminal stuff, that's where they spend all their time. So why on earth are we throwing all of this money at people to show up, and escalate non-criminal situations, and traumatize people? And Seattle has really dragged its heels on that. After having talked about non-police response for years, multiple studies coming out about how little of SPD's calls are actually anything that counts as criminal, how much could go to community - just this last month, they finally launched a dual dispatch, which is SPD responding to stuff. So years later, the city has just refused to move on this item. [00:44:43] Amy Sundberg: I will also add, since we're in the middle of election season - I keep hearing from candidates that what they want to do to fix public safety in Seattle is hire 500 new cops. And I'll just say, your opinion doesn't matter - regardless of your opinion of whether we should hire more cops, whether you want less cops - we are not gonna hire 500 new cops in Seattle anytime soon. It is literally impossible. It is just not gonna happen. So when I hear candidates say that - I mean, it's pie-in-the-sky thinking, it's not a real solution because there are not 500 new cops for us to hire. And also there's, as BJ said, there's the 18 month ramp up to even get someone trained up to become a police officer. So this is just not reality. [00:45:32] Shannon Cheng: Okay, well, speaking of a mismatch between reality and intended outcomes, I keep hearing about this technology called ShotSpotter. I feel like we had a giant debate over it last year, it sounds like it's reared its ugly head again this year. Can you break down what this fight over ShotSpotter is and why it's important? [00:45:54] BJ Last: Sure, so ShotSpotter at a basic level - well, first off, so the company is now called SoundThinking. They did a rebrand because - yeah, the reputation that ShotSpotter has. It's an acoustic gunshot detection service is what it describes itself as - and it is people sitting in a room hundreds of miles away, listening to recordings of loud noises. And then saying whether or not they think that loud noise was a gunshot. That is what ShotSpotter boils down to. Like they swear there's a super fancy AI algorithm, but whatever that AI decides to flag - it goes to people sitting in a room hundreds of miles away, listening to a noise, and saying whether or not they think it was a gunshot. And they have a large financial interest in actually saying everything was a gunshot. Because of how the contracts are written - that there's no guarantees that they won't send a lot of false alerts. The only guarantee that is in there is anything where the police actually find that there was evidence of a gunshot - for 90% of those, ShotSpotter will have given an alert. So it's pretty much if they say that something wasn't a gunshot, and it turns out it was, that then could potentially hurt their contract. If they call every single loud noise a gunshot, that has zero impact on them at all. So people listening to loud noises with an incentive to go and say everything's a gunshot. And you are right - we had this fight just last year, when the city went and asked for it. And what this ask was - was they asked for additional funding, specifically for ShotSpotter, which council declined to give them. They're asking for it again. Of that additional money specifically for ShotSpotter - this additional money piece actually though, has no impact on whether or not the city actually purchases ShotSpotter. In order to purchase a subscription to ShotSpotter - because it's a subscriptions purchase, so it becomes an annual expense every single year - SPD has to go through a Surveillance Impact Report, which is they have to meet with the community, put together what would be a lot of - what would be the impacts of this technology, what does it do, get community feedback, and then council also has to go and approve that. SPD has been able to do this any single day that it's wanted to. It could have started this process. When they first asked for it last year, they could have started this process then. In any of the time between last year's budget and now, they could have started this process. So they have not done that. So they're asking for money - again, for something that they've taken no steps to actually get anywhere close to being able to legally purchase. [00:48:17] Amy Sundberg: I think too - I have a lot to say about ShotSpotter - I've spent way too much of the last several weeks of my life thinking about ShotSpotter. And to be honest, I just - I find it personally painful that we're having this discussion again this year. Because not only is ShotSpotter ineffective, so it's a waste of money - which is bad enough. I mean, we obviously do not have money to waste. But it is actively harmful, to be clear. There are many, many studies that show this. It increases the number of pat-downs, searches, and enforcement actions. It justifies the over-policing of Black, Indigenous, and people of color neighborhoods that they are primarily living in. It leads to unnecessary contact between the police and vulnerable populations. And it also leads to false arrests. There have even been some cases where they've shown that possibly some of the "evidence" - I put that in air quotes - "evidence" has been tampered with in various ways. I mean, this is actively harmful. It is not just a waste of money. And then also, this year is being sold as part of a crime prevention pilot. And let me be clear - gun violence is a huge problem. It's a huge problem in Seattle. It's a huge problem in King County. Frankly, it's a huge problem across the entire country. And I don't want to minimize the impacts of that in any way, but there is no evidence that shows that ShotSpotter decreases gun violence. So people who are desperate, who want a solution to that problem, are being sold ShotSpotter as the solution, but it's not true. And that's what I find so painful, right? Is that there's people who desperately need a solution to this problem, and instead of actually giving them one that might have a chance of working, they're given ShotSpotter as a false hope instead - which I find repugnant, frankly. [00:50:13] BJ Last: Oh yeah - it's incredibly predatory what they do, Amy. They prey on communities that are struggling with issues of gun violence - which is a massive issue, as you said, that really has huge impacts - and they sell them something that just makes things worse. You mentioned on some of the - what happens with some of these alerts - Adam Toledo was one of the most famous examples of this. So Adam Toledo was a 13-year-old that the Chicago police killed because they were responding to a ShotSpotter alert. And they chased after a 13-year-old, and ended up shooting him in an alley when his hands were empty - when there was nothing in his hands. So this is the real harm that does come from this. And again, it is preying off of communities that have been disinvested in and that are dealing with real problems of gun violence and being like - Oh, hey, here's something we swear will make it better. And that goes and makes it worse. [00:51:01] Amy Sundberg: I will also say - we had this fight last year, we're having it again. There've been a few new wrinkles that have been introduced this year that I think are important to address. One of them is that this year, they have proposed that along with the ShotSpotter acoustic gunshot technology, that they include CCTV cameras. And what Senior Deputy Mayor Burgess said during one of these budget meetings was that the combination of these two technologies leads to higher accuracy and also better admissibility in court. However, these claims have not been backed up. We did find a study that shows that, in fact, the combination of these two technologies does not improve accuracy. And Councilmember Herbold asked Tim Burgess for his evidence - What makes you think this? A month after she asked, she says she finally received his answer - which was six reports on CCTV alone with no ShotSpotter technology included so does not, in fact, give any evidence that it makes ShotSpotter better. And one kind of manual suggesting that maybe you could combine these two technologies with no study attached. So the only study we have found says, in fact, it does not improve the accuracy. So I think that's really important to note. There seems to be a certain lack of regard from certain quarters for actually looking at the evidence - that I find sad, frankly. And another wrinkle that I'll mention is that BJ talked about the Surveillance Ordinance - the report that they would have to do in order to implement ShotSpotter. In the original proposal from the mayor's office, they asked to do one report - so each report, you have to do a racial equity analysis as part of that report - and they asked to only do one report. But this is mobile technology, so you can pick up the camera and the ShotSpotter tech and you can move it to a different neighborhood. So they would only be doing their racial equity analysis in the original neighborhoods that it was going to be placed, and then they could pick it up and move it to any other neighborhood without having to do another racial equity analysis, which I think is deeply problematic because different neighborhoods are different. And a lot of the neighborhoods that they were talking about originally using this technology on are primarily white. And my concern would be - what if they picked it up and moved it to a community that wasn't primarily white, but didn't have to do a racial impact report on that. That is deeply troubling. And I will say Councilmember Mosqueda, in her balancing package, addressed this problem and said - No, you should do a racial equity impact for each time you move it. So hopefully we won't buy ShotSpotter at all, but hopefully that change will stay if we do - because I think you can't do one impact report for a neighborhood, and then move it somewhere completely different and expect that report to have any validity. [00:54:09] Shannon Cheng: So ShotSpotter doesn't address the problem it's claiming to try to solve. In fact, it sounds like it might be making things worse. And so they're asking this year for about $1.8 million, but what do we know from other cities - once you buy a pilot, this $1.8 million this year, what happens after that? [00:54:28] BJ Last: It's a subscription service. So even if you wanted to maintain the same amount or the same coverage area, you are spending that every single year. So this is, would be an ongoing expense. And that's also assuming the ShotSpotter doesn't change its rates. And then if you decided to expand the footprint of where it is, that's gonna add what you're spending every single year. So it is very much just an ongoing expense into a budget that as we said - hey, is already facing a substantial general fund deficit for something that does not address a serious problem. [00:55:00] Amy Sundberg: And the company SoundThinking - I mean, their business model is to persuade cities to expand. So it would not be surprising to me if we were to start this pilot - if in a few years we were spending more like $10 million on ShotSpotter, that would not shock me. [00:55:16] Shannon Cheng: Okay, so it's - this year, we're trying to decide whether to dip a toe into this ShotSpotter technology, but it could lead to larger expenditures in future years if this initial pilot gets funded further. [00:55:34] BJ Last: Absolutely. And also the ShotSpotter company SoundThinking - they do a lot of other surveillance items. They recently bought PredPol, which is nominally predictive policing, that has all the absolute racial bias issues that you probably imagine the moment that a company said that they can sell you predictive policing. So odds are it would not even be staying at just ShotSpotter - of microphones listening for loud noises - that SoundThinking would be trying to then expand to all of their other horrible, dystopian, incredibly biased technology. [00:56:05] Shannon Cheng: Yay. [00:56:07] Amy Sundberg: It's really concerning, right? I think a lot of people want to hold up technology as this panacea - where it will fix everything. And that is not always the case. And in this case, I would argue it is not at all the case. And there are actually things that we could be investing in that might address the issue much more effectively. [00:56:28] BJ Last: Yeah, like the things that are proven to work on this are low tech items - they're violence interruption programs, resourcing communities, things like that that are actually shown to reduce gun violence. [00:56:39] Amy Sundberg: Even physical changes in the environment have been shown to have a significant effect - like adding more lighting, for example. [00:56:47] Shannon Cheng: So those are some of the big fights over public safety, which - they're really important. Unfortunately, I also feel like they often overshadow some of the other big fights that might be going on - just there's a lot of rhetoric right now about public safety, especially with the ongoing election. So what are some of the other big budget fights that you're seeing in this year's deliberations? [00:57:05] BJ Last: Well, I'd say a lot of those fights are actually also public safety items. Like there are fights on School Safety Traffic and Pedestrian Improvement, SSTPI fund - so that's been getting cut. That is safe routes for kids to walk and bike to school - Vision Zero stuff is also getting cut. We're fighting really to stop that. And so far, at least 22 pedestrians have been killed while walking, biking, or rolling. So that is absolutely a public safety item, I would say. Same with - there are currently amendments to undo the cuts to food safety. The proposed budget cut about $950,000 from food security, so that was 650K roughly for food banks and 300K for food access. I would very much say that food access is also very much a public safety item. I think there was even a French musical, Les Mis - didn't that have a lot to do with an entire revolution because people couldn't afford bread and were hungry? [00:57:58] Amy Sundberg: There also is a fight about funding behavioral health services at Tiny House villages. Right now, that funding is a lot less than it was in 2023 for 2024. And the reason why that's important is because having this funding allows Tiny House villages to house people with higher acuity needs. But if they don't have those services available, then those people can't live there. So, I mean, that's a huge issue. And there are a couple amendments to address that - one of them would take the ShotSpotter money and use it instead to pay for that, which I think is a great use of that money. And there also are fights about pay wages for human service workers - to make sure that all human service workers are getting inflationary increase and a 2% raise on top of that, a true 2% raise on top of that. There have been various little fiddly things regarding that - some of those workers were not covered because they're technically paid through King County or with federal money. But they're still doing the job every day, they still deserve that full 2% raise. So there are amendments that are working to address that shortfall to make sure that those folks get paid a fair wage. [00:59:08] BJ Last: Yeah, and on the 2% raise for human service providers, there's a pay equity study that the University of Washington released - I think it was February this year - that found human service workers in Seattle are underpaid by 37%. So 2% is just a drop in the bucket compared to what we, a city-funded study by UW found that they are currently underfunded by. There was even a resolution passed that wants to increase their wages by 7% by 2025, so this is a small item just trying to move inline with that resolution and to also make progress towards that study. 'Cause again - underpaid by 37% is huge and that impacts people's ability to actually provide services. One other item I'll

Wholesaling Inc with Brent Daniels
WIP 1364: #ThrowbackThursday - From $30k Per Year Landscaper to $650k Per Year Real Estate Investor

Wholesaling Inc with Brent Daniels

Play Episode Listen Later Dec 14, 2023 33:23


Your legacy starts with what you do. Making money takes guts and hard work; it's not an overnight magic trick, and today's guest will show you that.Meet Omar Lopez, a regular guy with a landscaping job who mastered real estate Wholesaling and is now earning $650,000 a year…and setting up long-term wealth by running his business the “right” way. If you're wondering how he did it, join the conversation and hit that play button!More opportunities await you when you join the TTP training program.----------Show notes:(0:50) Beginning of today's episode(8:02) “It's all about putting yourself out there and meeting new people.”(10:11) What did Omar do for his lead generation?(13:03) The reality of buying and selling mobile homes(19:11) This business has three parts: lead generation, conversion, and exit strategy.(22:25) A massive deal breakdown coming from a driving-for-dollars list----------Resources:DealMachine (code: ttp)Omar's InstagramTo speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the TribeGo to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space. Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.It's 100% free to join. The opportunities in this community are endless, what are you waiting for?

Colorado Springs Real Estate Investing Podcast
#152: Unbelievable Fourplex for $650K and 17% ROI Deal Analysis

Colorado Springs Real Estate Investing Podcast

Play Episode Listen Later Dec 6, 2023 18:50


Jenny and Leah dive into the details of a spectacular $650K fourplex deal—this client's 5th! Tune in for top insights for achieving multifamily success!

Gorilla State Investing
E6 - Jonny Cattani on Raising Capital, Tips to Raise

Gorilla State Investing

Play Episode Listen Later Nov 28, 2023 26:52


MC2M is stepping into capital raising! And who better to lead the charge than Jonny Cattani? Connect on email or via the group. ⁠⁠⁠⁠Middle Class to Millionaire Facebook Group⁠⁠⁠⁠ (Check out the Capital Raising course and content) ⁠⁠⁠⁠Contact: John Hooper (Email provided in the podcast)⁠⁠ https://cattanicapitalgroup.com/ Jonny's profile: ⁠https://www.linkedin.com/in/jonny-cattani-53159b179 Jonny is a licensed stock broker turned real estate investor and capital raiser. Over the past 3 years, Jonny has grown as a Commercial Real Estate investor, hosing the Cash Flow Chronicles Podcast, and managing a single asset fund of over $650K. Alongside growing a STR portfolio of 80 units, Jonny speaks about the importance of raising capital, the power of team, and selling value.

Hacks & Wonks
Digging into Seattle's Budget Process with Amy Sundberg and BJ Last of Solidarity Budget

Hacks & Wonks

Play Episode Listen Later Nov 7, 2023 72:09


On this Tuesday topical show, special guest host Shannon Cheng chats with Amy Sundberg and BJ Last from Solidarity Budget about the City of Seattle budget process. After covering budget basics and where we're at in Seattle's budget process, they cover the ongoing fight over the JumpStart Tax and what's being done (or not done) to address the upcoming $251 million budget deficit in 2025. Next, the trio breaks down the difference between “ghost cops” and the fully-funded SPD hiring plan, as well as why ShotSpotter still isn't a good idea. The show wraps up with a sampling of this year's other budget fights, how people can learn more or get involved, and Amy and BJ's dream budget items! As always, a full text transcript of the show is available below and at officialhacksandwonks.com. Follow us on Twitter at @HacksWonks. Find the guest host, Shannon Cheng, on Twitter at @drbestturtle, find Amy Sundberg at @amysundberg, and find Solidarity Budget at https://www.seattlesolidaritybudget.com/.   Amy Sundberg Amy Sundberg is the publisher of Notes from the Emerald City, a weekly newsletter on Seattle politics and policy with a particular focus on public safety, police accountability, and the criminal legal system. She also writes about public safety for The Urbanist. She organizes with Seattle Solidarity Budget and People Power Washington. In addition, she writes science fiction and fantasy, with a new novel, TO TRAVEL THE STARS, a retelling of Pride and Prejudice set in space, available now. She is particularly fond of Seattle's parks, where she can often be found walking her little dog.   BJ Last BJ Last is a business analyst, and former small business owner, with two decades of budgeting experience across a wide range of industries. He organizes with the Solidarity Budget and Ballard Mutual Aid.   Resources Seattle Solidarity Budget   Notes from the Emerald City   Tools to Understand the Budget | Seattle City Council   “Mosqueda, Council Colleagues Pass JumpStart's COVID Relief Package and Economic Recovery Spending Plan” by Joseph Peha from Seattle City Council Blog   “Seattle's Jumpstart payroll tax raised more than expected. Is the money going where it's most needed?” by Angela King & Katie Campbell from KUOW   Memorandum: General Fund Deficit Historical Analysis from Seattle City Council Central Staff   “Harrell's 2024 Budget Leaves Big Questions on Safety and Looming Shortfall” by Doug Trumm from The Urbanist   Final Report of the Revenue Stabilization Workgroup   “Removing Vacant Police Positions in Seattle's Budget Is Good Fiscal Stewardship” by BJ Last for The Stranger   “Police Budget Fizz: Hiring Falls Short, Shotspotter Gains Support, Burgess Misrepresents Jane Jacobs” from PubliCola   “Nearly half of Seattle police calls don't need officers responding, new report says” by Elise Takahama from The Seattle Times   “Set Money Aside for Illegal Surveillance, or Fund Community Needs Now?” by BJ Last and Camille Baldwin-Bonney for The Stranger   “New UW study says human-services workers are underpaid by 37%” by Josh Cohen from Crosscut   City of Seattle Budget Office   Stop ShotSpotter! Webinar - Seattle Solidarity Budget and ACLU of Washington | Nov 8, 2023   Guaranteed Basic Income Panel - Seattle Solidarity Budget | Oct 10, 2023   The People's Budget Seattle | Vote by Nov 12, 2023   Transcript [00:00:00] Crystal Fincher: Welcome to Hacks & Wonks. I'm Crystal Fincher, and I'm a political consultant and your host. On this show, we talk with policy wonks and political hacks to gather insight into local politics and policy in Washington state through the lens of those doing the work with behind-the-scenes perspectives on what's happening, why it's happening, and what you can do about it. Be sure to subscribe to the podcast to get the full versions of our Friday week-in-review show and our Tuesday topical show delivered to your podcast feed. If you like us, the most helpful thing you can do is leave a review wherever you listen to Hacks & Wonks. Full transcripts and resources referenced in the show are always available at officialhacksandwonks.com and in our episode notes. [00:00:52] Shannon Cheng: Hello, everyone! This is Shannon Cheng, producer of Hacks & Wonks. I'm here as your special guest host for today. Everyone's been super busy with elections, but another important thing currently happening right now in a lot of our local jurisdictions is that they're having budget deliberations for the coming year. Budgets are super important - we talk a lot about policy on this show, but what really matters in the end is how that policy is implemented and budgets manifest our intent. So Crystal let me take over the show for a day, and I wanted to have some folks on who are closely following the budget here in Seattle. They're two local community organizers with Solidarity Budget. And before we get to meeting them, I just wanted to point out that while we're gonna be focused pretty deeply on the City of Seattle's budget, a lot of what we talk about is applicable to other places. So if you're interested in getting involved in the budget where you live, we can learn something from these experts. So without further ado, I just want to welcome Amy Sundberg and BJ Last. Amy, starting with you, can you tell us a little about yourself and how you got involved with Solidarity Budget? [00:02:00] Amy Sundberg: Yes, hello! It's good to be here. I'm Amy, and I am the publisher and writer of the newsletter Notes from the Emerald City, which is a weekly newsletter that covers issues involving public safety, police accountability, and the criminal legal system - in our local area - so Seattle and King County mostly, and occasionally the state of Washington. As well, I sometimes cover public safety issues for The Urbanist. And I organize with People Power Washington and Solidarity Budget. Originally, I got my start organizing with People Power Washington and we would uplift the demands of Solidarity Budget. And eventually I connected with the folks at Solidarity Budget and started working with them as well, so that's how I initially got involved. [00:02:45] Shannon Cheng: What about you, BJ? [00:02:46] BJ Last: Hi, thanks. Great to be here. BJ Last - don't do anything as cool as Amy on a regular basis. I've lots of years as a budget analyst, former small business owner, was a professional baker - did pop-ups, but then COVID, so that kind of went by the wayside. I actually first got involved with Solidarity Budget over SPD overtime. SPD has a massive history of overspending on overtime. In 2020, there was a resolution the City passed mid-year saying if SPD overspends on its overtime, we won't give them more money for it. Lo and behold, SPD did. At the end of the year, council was like - Okay, fine, we'll give you more money, but we swear we're gonna take it from you next year to do an offset. And wanted that fight to be like - No, we need to actually try to get that money from them next year to have any kind of budget accountability. And spoiler, that sadly never happened. [00:03:34] Shannon Cheng: I agree with you that Amy is cool and also that the SPD overtime issues are very frustrating. For folks who don't know, could you give a little background on what Solidarity Budget is, and how it came to be, and how you all work together? [00:03:48] BJ Last: Sure thing. So Solidarity Budget came up out of - actually Mayor Jenny Durkan. Groups caught that Mayor Durkan was promising a lot of different groups the exact same pot of money and then being like - Y'all fight amongst yourselves to do this. And groups came together and was like - We're tired of actually just always being pitted against each other and forced to fight each other for scraps in the City budget, while all the funding goes to things that no one was wanting, like while all of the funding goes into SPD. SPD alone is still a quarter of the budget, getting everything carceral - it's about a third of the general fund. So it was that desire of - No, we don't want to be pitted against each other. And just rejecting this framework of - we have to fight against each other for scraps. So coming together as groups to be like - what are our big priorities and saying - Look, we are advocating for all of these things. [00:04:38] Amy Sundberg: I would say in addition, we wanted to make sure that when we're talking about the budget every year, that those most marginalized are centered in that conversation. And often they aren't, right? So it's important to have a coalition who has that front of mind when advocating. [00:04:54] Shannon Cheng: That's super smart. Our experience has been - it can be hard to get heard by electeds, just - if you're not the people in power, sometimes it just feels when you send your email and make your phone call, your voice might not be heard. And so trying to come together and forming a coalition so that you can have a larger voice seems like it would make a lot of sense if you want to push the lever on budget-related issues. Okay, so let's jump into some background and some budget basics before getting deep down into the weeds. Did you want to give, Amy, a sense of what the scale of budgets are at different jurisdictions and then what we're talking about here in Seattle? [00:05:31] Amy Sundberg: Sure. So there are many different government budgets. The biggest one, of course, is the national budget for the United States, which is around $4.4 trillion. So obviously a huge pot of money. Most of that money comes from personal income tax that we all pay every year and also corporate income tax, et cetera, et cetera. Then we have the state budget, which is about $72 billion per year. And then we have the King County budget, which is $6.2 billion per year. So you see, we're kind of getting smaller and smaller as we get into smaller jurisdictions. And then we have the City budget. And city budgets tend to be around $5 to $6 billion per year in total. All of these budgets are made up from various types of taxes and fees, and they each are responsible for funding different services in our communities. [00:06:26] Shannon Cheng: Great. So for the City of Seattle - let's just focus in on that as our example for today's episode. So where does the money for the City of Seattle come from? [00:06:35] Amy Sundberg: If we're talking about - particularly general fund - most of that money would come from property tax, sales tax, and B&O tax, which is a business tax. I think that's about 60% of the funds. And then there are a lot of other very small buckets of money that come in as well to make up the entire amount. [00:06:56] BJ Last: That's a great overview, Amy. And one thing I do want to just mention - so the total Seattle budget is $7.8 billion, but the vast majority of that is stuff that is extremely restricted. For example, we have public utilities. So City Light - that's $1.5 billion - that is all funded by the rates people pay for their electricity. So while that's there in that total number that makes the City's budget look absolutely huge, it's not accessible - the council can't use that to fund things. So the general fund is a much smaller slice of that. It's just about $1.6 billion. And that's the money that the City pretty much has full discretion as to where it decides to go and spend that. [00:07:37] Shannon Cheng: So if I'm understanding it correctly, you're saying Seattle's budget is pretty big, but a large part of it is already appropriated to specific things. So when it comes to these priorities that when people - they're looking around at their city or their neighborhood, and they want things - it's gonna have to come out of this thing you call the general fund. Is that correct? [00:07:57] Amy Sundberg: Yes, that's correct. So most of what we're advocating for every year is general fund dollars. [00:08:04] Shannon Cheng: Okay, and so you are saying, BJ, that the general fund is about $1.6 billion. So what types of things are currently getting funded out of the general fund? [00:08:14] BJ Last: Yeah, that's correct. So it's $1.6 billion. It's - very broadly defined, Public Safety is 47% of it. And that is SPD, also includes the Office of the Inspector General, the CPC, the police pension - those are all four different departments that are in there, that are all cops. The Fire Department and CARE/CSCC, which is the 911 dispatch - which is currently CSCC, may be getting rebranded CARE soon. So that's 47%. The next biggest bucket is Administration and that's 22%. And Administration is kind of a massive catch-all that includes a lot of things - so major expenditures in there are for indigent defense and the City's contract with the King County Jail. So when SPD goes and arrests someone and puts them in there, the City is effectively leasing part of the jail from King County - and that's to pay part of it. And it also includes things like Judgment and Claims Funds, which is for when people are suing the City - that comes out of there, that's housed in that Admin section. And unsurprisingly, that one's also been increasing a lot lately due to lawsuits coming from 2020, which we know what those were. And then the other thing that is anything really is Education & Human Services, and that's about 15% of the general fund. So those three things of Public Safety, Administration, Education & Human Services account for 80% of the general fund. [00:09:39] Shannon Cheng: Wow, so what's left in that 20% that's remaining? [00:09:43] Amy Sundberg: Oh gosh, it's a lot of small things. Libraries, for example, will get funded out of that. A lot of our Transportation actually gets funded through specific levies, so it wouldn't come from general fund. And I think that's true of Parks & Rec as well. But there might be some little bits of money that go to Transportation and Parks & Rec - they have varied funding sources, basically. [00:10:05] Shannon Cheng: Okay, great. So that's the general fund, the discretionary portion of the City of Seattle's budget. So what's happening right now with the process? [00:10:14] Amy Sundberg: When we talk about budget season in Seattle, it's generally just a two-month period in the fall. But really, budget goes on for much of the year - because before the fall, the City departments are having to analyze their budgets and turn in reports to the mayor. And then the Mayor's Office is developing a proposed budget - that's the budget that gets announced at the end of September. At that point, the City Council is able to come in and make their changes that they might wanna see in that proposed budget. So that's where we are right now. First, they review the proposed budget to make sure they understand what's in there and what isn't in there. And then the Budget Chair, who this year is Councilmember Mosqueda, puts together a balancing package - that's a package where she thinks that there is consent amongst the councilmembers, that everyone agrees that these are changes that should be made for the most part. And then each councilmember is given the opportunity to suggest amendments to that balancing package. And they need to get two other councilmembers to sponsor that in order to get those amendments considered. So that's where we are right now - we've just heard the amendments that are being considered. And eventually what will happen is that those amendments will be voted on by the Budget Committee, which is all of the councilmembers to be clear. [00:11:35] Shannon Cheng: Okay, so Mayor Harrell sent over his proposal end of September and we're about a month into the Council's involvement. And this is the budget for next year? [00:11:45] Amy Sundberg: Yeah, for 2024. [00:11:46] BJ Last: So Seattle operates on a biennium budget basis. So last year they set the budget for 2023 and 2024. So this year they're currently doing adjustments to that 2024 budget. And then next year it'll be back to doing the full biennium, where we'll be looking at 2025 and 2026. [00:12:04] Shannon Cheng: Okay, so this is just finishing up last year's work through the end of the year, and just adjusting based on the realities of how much money is coming in and new needs for expenditures. [00:12:15] Amy Sundberg: Theoretically that is the case. Seattle is a little bit less strict about that than some other municipalities. I would say King County is more of a true biennial budget, whereas Seattle's kind of a biennial budget. And I think actually there's been some push to make it more like King County, to make it more of a true biennium. So we'll see what happens with that. [00:12:36] Shannon Cheng: Okay, interesting. Another thing I keep hearing about all the time is this fight over the JumpStart Tax. And I think it'd be good to just lay out very clearly - what is that fight all about? [00:12:47] Amy Sundberg: Yeah, so the JumpStart payroll tax passed in the summer of 2020. And then the council passed a spending plan for it in 2021 to put into statute what exactly the JumpStart Tax is supposed to go to pay for. And just so we're clear on what that spend plan is - 62% of JumpStart funds are supposed to go to affordable housing, 9% to Green New Deal, 9% to Equitable Development Initiative, and 15% to small business. What has happened though - basically, because this was going on in the middle of the pandemic - obviously there was a lot more needs, the City budget was a little messier than maybe normally. So they allowed some of these JumpStart Tax dollars to be spent as a kind of a slush fund for the general fund so that we wouldn't have to have an austerity budget. And the idea was that over time this would transition and eventually all of the JumpStart Tax funds would go to those percentages that I mentioned a moment ago. However, what has ended up happening is that every year - regardless of what mayor we have - every year the mayor will take some of the JumpStart dollars and move it over for general fund purposes, instead of those specific Green New Deal and affordable housing purposes. Every year Council kind of tries to claw back those JumpStart funds to put them into the main purposes they were meant for. Now we're still having some budget issues, so there has been - even for this year - some money that Council agreed could be used from JumpStart funds to fund general fund priorities, especially because JumpStart funds ended up being larger than originally anticipated. So the compromise that was struck was that those extra dollars that we weren't originally expecting can be used to kind of help prop up the general fund. But what ends up happening is sometimes more money beyond that gets pulled from JumpStart into the general fund. And of course, because affordable housing in particular is a large percentage of where that money is supposed to go and is such a priority in the city right now, given our housing crisis, this becomes a big fight every year. [00:15:05] Shannon Cheng: Okay, yeah - that's helpful. So I think I saw - in 2021, the JumpStart Tax generated $234 million. And so that was one of those years where the City and the Council felt that some of that needed to go towards other things than that spend plan that you referenced. And so about 37% of it ended up going to the general fund. And then that leaves a much smaller slice left for addressing those issues that you listed - housing, small business support, Green New Deal, equitable development - which, if people stop and think about - looking around, what are the biggest issues that the City's facing right now? I mean, that's what these are trying to address - the housing crisis, small businesses struggling after the pandemic, needing to do something about climate change in a meaningful way, and then also trying to spread our resources in a more equitable way across residents of the city. And so - to me then - thinking about JumpStart Tax, it's sort of a mini version of a whole budget. Because we had purported values that we stated out when we passed this legislation - saying this is what we want to spend this money on. And then, as with many things, it's the reality of the implementation that lets us see where our priorities truly are. And it sounds like - in 2020, we said very strongly - We need to meaningfully address these issues that we've been in a state of crisis for for a long time, and they've just been getting worse. And people are pointing that out - you see that. What I find really interesting is that the original people who've opposed the JumpStart Tax - so that would be the Chamber of Commerce, the Downtown Seattle Association - are these the same people who are now pushing to take the money away from JumpStart's original purposes and redirect it towards other things? [00:16:53] BJ Last: Honestly, yes. They're a lot of the people pushing that they want to - I'll use the phrase - "liberate" JumpStart funds so that it can be used as effectively just more general fund backfill. They also haven't entirely given up on fighting JumpStart. As part of the Revenue Stabilization Task Force that was meeting this year, the representatives from the Metro Chamber of Commerce, she made comments of - Hey, we think we should actually pause JumpStart for a year or two - supposedly to help businesses on recovery. So they are still fighting on JumpStart a little. The opponents of JumpStart have much more moved to - they just want it to be more general fund. [00:17:32] Amy Sundberg: And I do think it's important to state also that when we talk about wanting to allow businesses to recover, JumpStart Tax only applies to very large businesses with very high payroll and very highly paid employees. It's not hitting small businesses - that's not how it was set up. [00:17:51] Shannon Cheng: Yeah, previous to JumpStart Tax, there was an attempt to pass the Amazon head tax and that did pass, but then eventually got repealed because of a lot of protest. And I believe the JumpStart Tax came out of a coalition that got built after that failed attempt, which included small business groups - because 15% of the JumpStart revenue is supposed to go towards small business support. Which everybody likes to say - small business is super important to the health and vibrancy of the Seattle economy. But are we willing to put our money where our mouth is on that? I just find it pretty insidious the way that they're approaching this because they oppose the tax to begin with, they're still opposing it now, they wanna pause it. But when they ask for the money to go back to the general fund, it seems like it's going back to a lot of their own interests, such as downtown activation. So not only are they taking the money back for themselves, they're also weakening the implementation of what this tax was originally said to do. People probably heard about this tax when they announced it - there was all sorts of glowing praise of this is gonna address meaningfully these problems that everybody cares about. And yet now, by weakening it and taking money away, we can't spend as much of that money on it. And so obviously, when you look at the results of what the JumpStart Tax has done, it will look like it's less. And so I just really wanna call that out. I also wanna call out that the council that passed the JumpStart Tax in July of 2020 is pretty much the same council we currently have other than Councilmember Nelson who replaced Councilmember González in 2021. And JumpStart Tax passed 7-2. The only two councilmembers who did not vote for it were Councilmembers Juarez and Pedersen. How have they been reacting to all this JumpStart scuffling? [00:19:33] Amy Sundberg: They definitely have been less supportive of increasing the JumpStart Tax in any way - that has been noticeable. [00:19:40] BJ Last: Yeah, they have also been very much on the wanting to just throw the spending plan out the window. Actually, it was Councilmember Pedersen who's the first one that I heard use the expression of "liberate" JumpStart funds - create additional flexibility and disregard that. There are also subtler attempts to pretend that the JumpStart spend plan is very unclear, and so potentially needs to be revisited due to that - even though it's actually an extremely clear spend plan. People just keep trying to violate it - it's not that the plan isn't clear, people just keep asking for stuff that goes outside of that spend plan. [00:20:13] Shannon Cheng: Okay, so then the councilmembers who did vote for it - so those would be Councilmembers Herbold, Morales, Sawant, Strauss, Lewis, and then obviously Councilmember Mosqueda, who spearheaded the effort. Are they staying strong behind the values that they voted for on the JumpStart Tax, or has that kind of squished up since then? [00:20:31] Amy Sundberg: I would say - I mean, you know - it's hard to say what is in their hearts, but I would say it's a mix. I think some of them have stayed pretty strong, and I think others of them have, you know, less so. [00:20:45] Shannon Cheng: Okay, fair enough. I guess I'm just concerned 'cause it sounds like this JumpStart Tax issue will continue to carry on, and it is possible that we will lose its biggest champion on the city council next year. So I just want everybody listening to understand what this fight is about and why it's so important. To me, it kind of comes down to differences in opinion over what is gonna float all the boats in this city, right? I mean, business wants us to believe that if we just pour all the money into business and their interests, that that will just generally help everybody. Whereas what JumpStart was trying to do, I believe, is trying to build from the ground up by providing people housing, trying to spread the resources in a more equitable fashion, tackling climate change, providing good jobs that come out of tackling climate change. And so I just really think this is a fight over shifting decision-making about how we spend our resources from being concentrated with a few powerful interests, and letting more people have a say and access to success and opportunities to do well in this city. [00:21:48] Amy Sundberg: I would say Councilmember Mosqueda in particular has been a stalwart advocate of JumpStart. And as the Budget Chair, she has been in good position every year to counter the attempts to try to use JumpStart as more and more of a City slush fund. So if we lose her on Council at the end of this year, that certainly will make it more concerning going forward in terms of what will happen with JumpStart. I'll also say there is this spend plan. It is in statute currently. That statute could be changed, so it's not like it's protected forever. [00:22:21] Shannon Cheng: All right, so everyone - it's Election Day. Get out and vote - try to think about who's gonna be our next champion for the JumpStart Tax. So moving on, we also keep hearing all this news about an upcoming budget shortfall in 2025. What's happening with that? [00:22:39] Amy Sundberg: So the City of Seattle is facing a massive budget deficit starting in 2025. It is now estimated to be around $251 million deficit, which has gone up based on the mayor's proposed budget. So basically, the mayor's proposed budget this year has made the problem worse - potentially - in upcoming years. $251 million is a lot of money. And so the question is, what are we going to do to address that? There are two main ways to do that. You can make cuts to the budget - spend less money. Or you can pass new progressive revenue that will help fund the budget. We are not allowed by law to have a not balanced budget, so that is not an option - it's not on the table. Or of course you can do a combination of cuts and new progressive revenue. So those are kind of the two levers that councilmembers have to play with. And what is relevant in this budget season right now is speaking about new progressive revenue, because if we want to pass new progressive revenue for the City of Seattle, we would need to plan ahead a little bit. Because it will take some time to implement any new progressive revenue that we might pass - there's a ramp up to getting it done. So if we wanted to have that revenue to rely on for 2025, we would really ideally want to pass things now before the end of the year. [00:24:03] BJ Last: What I'd add on to what Amy mentioned is how we actually ended up getting to this upcoming deficit. Over the last two decades roughly, Seattle's population has grown at a really robust clip. We have all seen that. We have not seen the same growth in the general fund revenues that come in. Property tax increases are limited to - I believe it's at most 1% a year for the city - because sales tax also does not increase. So while we are seeing this really big increase in population, we have not seen the same with our general fund. It has really not moved that much. So it isn't the narrative of - Oh, the city has added a bunch of new pet projects or whatever, and that's where it's come from. It's come from largely - the city has gotten bigger and the general fund growth has not kept up with that. 85% of that upcoming deficit projected is all due to just open labor contracts. The Coalition of City Unions - their contracts are open. SPOG - their contract is also open. Paying Coalition of City Unions, paying the City workers - the people that like literally keep the lights on, fix the roads - of actually going and paying them is where this is coming from. [00:25:06] Amy Sundberg: And especially because inflation rates have been so high the last couple of years, right? So that's - they need a much larger raise than they would need if inflation was not high. [00:25:15] BJ Last: Also on the inflation part - thank you, that's a great call out, Amy - growth of the general fund has not kept up with inflation, especially just these last two years. I think there've even been other years where it hasn't happened, but these last two years in particular, we have not seen the general fund grow at the same rate. So things have gotten more expensive for the city that the general fund has to get spent on, but the dollars coming in the door haven't kept up with that. [00:25:35] Shannon Cheng: Is anything being done about that? Did the mayor propose anything about progressive revenue, or thinking about this upcoming problem? [00:25:42] Amy Sundberg: The mayor did not propose anything having to do with new progressive revenue in fact, which is a decision that he has been critiqued for in the local media. And there certainly has been a fair amount of rhetoric about just tightening our belts, right? But to be clear, $251 million - that's a lot of cuts that would drive us straight into an austerity budget, one would think. So that is where the mayor's office has landed, but there have been a lot of conversations about potential new progressive revenue that started with the task force that BJ mentioned earlier, which was brought together to look at various possibilities of what could be good new revenue sources. And certainly there were people that sat on that task force that had a priority of finding good new progressive sources of revenue in particular, as opposed to regressive taxes that will hurt people who have less more. And they did find some reasonable options that would not require a change in state law, and so could potentially be implemented in time to address the 2025 budget shortfall. So I would say that there are three main possibilities at play right now that are being discussed. One of those is a capital gains tax, so we had a capital gains tax at the state level pass - so far it has survived any legal challenges that it has faced. So it would be possible for the City to institute a tax above that. It would be a fairly small amount, probably 1-2% capital gains tax. Councilmember Pedersen originally was the councilmember who suggested this, and he also suggested that we remove a certain water fee. So it'll be interesting to hear a more robust analysis of that water fee to find out - is that truly a regressive tax? Or with various rebates, et cetera, that are available for people - is it not that regressive a tax? Because if we were to take away that water fee, it would be revenue neutral, so it wouldn't actually assist us with the upcoming deficit. Not to say it's still not worthwhile to talk about, even if that's true, because we want to get rid of more regressive taxes and institute more progressive taxes. So either way, that's a good conversation to have - but it's unclear to me more of the details of that water tax, how regressive it is. So that is an important thing to discover. The other two options have to do with the JumpStart Tax that we were talking about. One of them would be just to increase that JumpStart Tax across - it has a tiered structure right now, so across the tiers to just increase it. Councilmember Sawant has already proposed very, very modest increases in that JumpStart Tax in two of her amendments for the 2024 budget to fund specific priorities. So increasing the JumpStart Tax just full stop is one option. Another really intriguing option that has been discussed is something called a CEO pay ratio tax. This would require corporations that pay their top executives exorbitant amounts to pay an extra tax, or fee, or surcharge. So basically what we could do is use the JumpStart Tax as a vehicle by adding an extra layer to it. So there would be an extra tax that would only apply to corporations that exceed a certain CEO pay ratio. And what I have heard about this tax - again, so it would be fairly easy to implement because you don't have to change state law, you would just add an additional layer to an already existent tax. And what I've heard is that it would collect a significant amount of funds, but I don't have any actual numbers on that. So it will be really interesting to hear an analysis of how much money that could potentially actually bring in. And what Councilmember Mosqueda has announced is that there will be an extra Budget Committee meeting after the main 2024 budget is passed to discuss some of these possibilities at more depth. So they will be discussed earlier in November, kind of as a briefing, and then the councilmembers will meet after the budget is passed to potentially vote on some of these possibilities, if they're not already passed in the 2024 budget. [00:30:09] BJ Last: One thing I wanted to mention - so the Revenue Stabilization Group looked at about 20 different taxes. They did a great write-up that finally made it out in August after having been delayed a few times. The three taxes Amy mentioned - one of the reasons that they're at the top three is how quickly they can get implemented. So, you know, we're currently sitting and recording this - it's November, the budget deficit starts on January 1st, 2025. There is very limited time to go and get an ordinance passed and actually then to have that go into effect - since a new tax doesn't go into effect the day that it is passed - and to make sure that it would survive any legal challenges. So there is even like a broader list of things, but because we have kept putting this conversation off, because the city has sort of kept pushing the can down the road, we don't have very much time to go and pass this. We have about 13, 14 months to get something passed and to start having dollars coming in the door before that deficit hits. [00:31:04] Shannon Cheng: All right, so time is of the essence here. And it sounds like although Mayor Harrell didn't put anything in his proposals to address this, at least Council seems like they're gonna be on it in some fashion. So we'll see what comes of that. Okay, so that's the revenue side of the budget. And I think that's helpful for people to understand, 'cause I think it's much easier to talk about what you want to spend money on rather than where that money is gonna come from. I mean, I know I'm like that in my own life. So maybe we need to talk about what are we gonna spend all this money that we're bringing in on. And earlier in the show, talked about a rough breakdown of the general fund - it sounds like a huge portion of that goes towards public safety, which includes the Fire Department and the Police Department. So is the reason why sometimes it feels like there's so much focus on the police budget because they're kind of the biggest chunk of the budget, so that if you were trying to look for places where we could make some savings, it would be there? [00:32:05] BJ Last: I'd say absolutely. Not only are they the biggest chunk - no other department eats up as big a portion of the general fund as SPD does. So not only that, but they also get absurdly special treatment that no other department gets, where a lot of basic budget practices even just get entirely thrown out the window because it's for SPD. Ghost cops are a great example of this. Ghost cops are positions SPD gets funded for, even though they have no plan, intention, or ability to fill these roles. So these are not people that SPD even thinks they can plan - they have said they aren't going in the plan, there's no desire to, but they still get funding for them year after year. There are like 213 of these now currently sitting around and it works out to be - about $31 million of SPD's budget right now is slush fund on this. And we talked about the upcoming deficit in 2025. So a $250 million roughly - $30 million on these guys - you can see that this is a large percentage of the deficit sitting right there in these ghost positions that councilmembers just don't want to touch. And to give a sort of example of how no one else gets treated this way - where they get to just sort of hold on to this positional authority when they have no ability to fill it. Last year, the city abrogated 24 911-dispatcher positions, which - abrogation means they remove positional authority to it. No one probably heard about this 'cause there wasn't a big kerfuffle because it's normal. Council and the mayor and everyone's like - Well, you guys have said you can't hire these guys for the next two years for the duration of the biennium, so we're just gonna remove positional authority to it. If staffing plans change, we can re-add it. We can also add this back into the 2025 biennium if staffing levels have picked up. And in fact, they actually already are adding back about three of them in the supplemental of - in 2024 now in the budget process because their hiring has picked up. So just using 911 dispatch as an example - the ghost cops, the excess positional authority - no other department gets that. Every other department it is what your staffing plan is - the number of people you actually expect to hire - that is the number of positions you get, and that's the number of positions you get funded for. SPD gets this massive slush fund that they get to go and use on whatever the heck they want. And there was also even a technology one that we saw in the 2022 budget. Truleo - it's a technology - it swears it's like AI, natural language processing of body camera footage. SPD specifically asked for additional money for this program as part of the 2022 budget. Council explicitly did not give them funding for this. They said - We are not funding this program. Then the City found out at the start of this year that SPD actually went ahead and bought Truleo anyway. So they ended up canceling the contract, but it ended up as a thing of - usually if a department goes to a company and says, We need additional money for this project - if they don't get that money and then they find a way to fund that project anyway, it raises a lot of questions. Like, why did you say you needed additional money for this if you could already cover it with your additional budget? And hey, all those other items that you said you needed additional money for, that we gave you additional money for - how many of them did you really need additional money for versus you were just attempting to pad out your budget? So that's one of the reasons why it gets a lot of attention. Not only is it just the biggest percentage of the general fund by a lot, but the absurd special treatment that they get. [00:35:29] Shannon Cheng: So SPD is 26% of the general fund? [00:35:33] BJ Last: SPD itself is 24-26%. That does not include the police pension department - that is a separate pension in there. It does not include the Office of Inspector General and the CPC, the Community Police Commission, even though they are also both part of that. So when you start adding all of those, it goes up even over a quarter. And then when you add in the city attorney's office, municipal courts, indigent defense, jail services - what we're spending on carceral - it's a third of the general fund all ends up sitting there. [00:36:05] Shannon Cheng: Wow, okay. Yeah, I see here - just the Seattle Police Department alone, not all those other things you added on - they're sitting at just under $400 million. So what I'm understanding is these ghost cops are haunting, I guess, the Seattle Police Department budget. [00:36:23] BJ Last: These ghost cop positions - they do haunt the general budget. Amy talked about how we're defunding JumpStart. So it's about $85 million last year, $85 million this year, $85 million next year - that's getting transferred from JumpStart to the general fund. So again, transferred from Green New Deal, affordable housing to the general fund. Because SPD gets a quarter of the general fund, that means that $21 million a year roughly is literally going from affordable housing to SPD and its ghost cops. [00:36:54] Shannon Cheng: Oh man. Okay. So, and then they're taking it, and as you said, spending it on things that they were explicitly told not to spend it on or who knows what else, right? We try to dig in and get more transparency into what's going on, but that can be difficult. And just what BJ was saying about budgeting practices and that SPD is not subject to those at times - so I looked at the King County biennial budget for the same time period from 2023 to 2024. And they have line items across all of their appropriation units, including the Sheriff's Office and the Department of Adult and Juvenile Detention, that's called a vacancy rate adjustment. And this is exactly what BJ is describing - it's capturing salary savings from them not having been able to hire and being able to put that back into the general budget so that they can use it for other things that there's a need for. And then in addition to that, last biennium for King County, they had an additional line item specifically only for the Sheriff's Office and the Department of Adult Juvenile Detention called Capture Additional Vacancy Savings. And here, I'll just read the line item - it says it's to increase expected savings due to vacancies to account for current unprecedented vacancy level. And, you know, it allows the Sheriff's Office and DAJD to request additional appropriation to reverse it if the vacancy rate reverses and that we're able to magically start hiring a ton of people. I mean, we see that there's kind of a nationwide hiring shortage across every kind of profession, but in police and corrections officers as well. So this is not abnormal, and there was not a giant fight in the King County budget when this happened. Just to give you a sense of the magnitude - just from the original base vacancy rate adjustment, it was $5.3 million from the Sheriff's Office. And that additional vacancy savings was $5.7 million. So this is meaningful money that can be used in other places and not just locked up in the - Oh, well, maybe law enforcement will get to use it. Or maybe when they get close to the end of the spending period, they'll just spend it on something that we didn't all agree that we wanted. [00:39:03] Amy Sundberg: I will say as well that SPD has a very optimistic hiring plan and they never hit it - at least for the last several years that I've been following it, they don't hit it. And this year they actually - the department shrank again. They have a negative total when you add in hires minus attrition. So it's still shrinking in spite of these hiring bonuses that we have no evidence actually works. But these ghost cop positions aren't even part of that. They're ones that even SPD says - We definitely aren't gonna hire that this year. It's not taking away from the hiring plan that SPD wants and thinks they can hire. It's additional positions beyond that. And to be clear, it's a couple hundred additional positions. It's not like four or five. [00:39:50] Shannon Cheng: Okay, thanks. 'Cause I feel like people conflate that a lot - this talk of supporting SPD and public safety and fully funding their hiring plan, which it sounds like that's what has been happening, but then you have this conversation about abrogating these positions or ghost cops. And so you're saying that those are two separate things? [00:40:10] BJ Last: Absolutely. SPD - they always put out incredibly optimistic hiring plans, even by their own terms. So their hiring plan for next year is still that they will end up with - I think it's a record number of hires, like more than they've ever had - hiring 125 cops, I think it is. And with the number of cops leaving slowing down. And they're like - Cool, our full hiring plan for next year is roughly 1,130 cops. And they're currently getting funded for like 1,344 cops, something like that - it's a difference of 213 positions between what they've said they can hire and what they actually plan on trying to hire - between that and what they're actually funded for. [00:40:47] Shannon Cheng: What are the issues in the hiring pipeline? Why is there a limit to the number of officers that they would actually be able to hire? [00:40:54] Amy Sundberg: I mean, there's a lot of factors. Primarily, there aren't enough applicants to begin with - not enough people want to become police officers at SPD. That's an issue. But as well, I just also - the hiring process takes time because they have to go through a series of testing and vetting. And then if they aren't lateral hires - if they're new recruits, then they have to go through the academy. And even once they're done with academy, they go through more training on the job, so they're not really full officers at that point yet. So it just - there's a long ramp to hiring new officers. Lateral officers - SPD has a great interest in hiring them because they've already been a police officer somewhere else. So they can kind of get plugged in more easily, directly into SPD. But they've been having a really difficult time finding lateral hires. So far in 2023 - I forget - it was four, five, or six total lateral hires for the entire year. And they had expected to be able to hire many more. And when asked about it, Chief Diaz said that the candidates simply weren't good enough for them to hire more than that. But somehow magically, they expect the candidates to get better next year if you look at who they expect to hire next year, which I think is interesting. [00:42:09] BJ Last: And I'd also say, Amy, none of that is unique to Seattle at all. It was already touched on - this is not just Seattle Police Department is having trouble hiring, this is police departments everywhere. Fewer people want to become cops. And just like Seattle, it really, really wants lateral hires because it's much shorter. I think the timeline from a new recruit is like 18 months before they are counted as a employable officer, or whatever their term is. The lateral is much shorter. So not only does Seattle want them, every other department wants them. Thing is just - people do not want to be cops as much. We know one of the things that isn't a barrier to hiring at all is pay. The average SPD officer made over $155,000 in 2022, based on the City's wage data. So they are making - the city pays an absolute ton for SPD on the individual officer level. There're the hiring bonuses that have been around that don't do anything. So it's - for these lateral hires, it's 30K that they're getting offered, it's 7,500 for a new recruit. So the city has already tried throwing just buckets and buckets of money to see if that would somehow turn into more people wanting to be cops in Seattle. And it has absolutely positively not worked. And that really needs to be acknowledged - not throwing money at this one - that's not going to change things here. It's not unique to Seattle, it's across everything. And it's also one of the reasons why other cities have moved to actually non-police responses to things. Because we look back - tons and tons of studies - SPD did its own study in 2019 that showed, I think it was 56% of all 911 calls are non-criminal. There was the National Institute for Criminal Justice Reform Study that came out in 2021 - showed 80% of all the calls SPD is currently doing don't match anything in the criminal code, and 49% of those calls could immediately go to the community. So one of the reasons other cities are going into non-police responses is because it's what cops actually do - is they respond to non-criminal stuff, that's where they spend all their time. So why on earth are we throwing all of this money at people to show up, and escalate non-criminal situations, and traumatize people? And Seattle has really dragged its heels on that. After having talked about non-police response for years, multiple studies coming out about how little of SPD's calls are actually anything that counts as criminal, how much could go to community - just this last month, they finally launched a dual dispatch, which is SPD responding to stuff. So years later, the city has just refused to move on this item. [00:44:43] Amy Sundberg: I will also add, since we're in the middle of election season - I keep hearing from candidates that what they want to do to fix public safety in Seattle is hire 500 new cops. And I'll just say, your opinion doesn't matter - regardless of your opinion of whether we should hire more cops, whether you want less cops - we are not gonna hire 500 new cops in Seattle anytime soon. It is literally impossible. It is just not gonna happen. So when I hear candidates say that - I mean, it's pie-in-the-sky thinking, it's not a real solution because there are not 500 new cops for us to hire. And also there's, as BJ said, there's the 18 month ramp up to even get someone trained up to become a police officer. So this is just not reality. [00:45:32] Shannon Cheng: Okay, well, speaking of a mismatch between reality and intended outcomes, I keep hearing about this technology called ShotSpotter. I feel like we had a giant debate over it last year, it sounds like it's reared its ugly head again this year. Can you break down what this fight over ShotSpotter is and why it's important? [00:45:54] BJ Last: Sure, so ShotSpotter at a basic level - well, first off, so the company is now called SoundThinking. They did a rebrand because - yeah, the reputation that ShotSpotter has. It's an acoustic gunshot detection service is what it describes itself as - and it is people sitting in a room hundreds of miles away, listening to recordings of loud noises. And then saying whether or not they think that loud noise was a gunshot. That is what ShotSpotter boils down to. Like they swear there's a super fancy AI algorithm, but whatever that AI decides to flag - it goes to people sitting in a room hundreds of miles away, listening to a noise, and saying whether or not they think it was a gunshot. And they have a large financial interest in actually saying everything was a gunshot. Because of how the contracts are written - that there's no guarantees that they won't send a lot of false alerts. The only guarantee that is in there is anything where the police actually find that there was evidence of a gunshot - for 90% of those, ShotSpotter will have given an alert. So it's pretty much if they say that something wasn't a gunshot, and it turns out it was, that then could potentially hurt their contract. If they call every single loud noise a gunshot, that has zero impact on them at all. So people listening to loud noises with an incentive to go and say everything's a gunshot. And you are right - we had this fight just last year, when the city went and asked for it. And what this ask was - was they asked for additional funding, specifically for ShotSpotter, which council declined to give them. They're asking for it again. Of that additional money specifically for ShotSpotter - this additional money piece actually though, has no impact on whether or not the city actually purchases ShotSpotter. In order to purchase a subscription to ShotSpotter - because it's a subscriptions purchase, so it becomes an annual expense every single year - SPD has to go through a Surveillance Impact Report, which is they have to meet with the community, put together what would be a lot of - what would be the impacts of this technology, what does it do, get community feedback, and then council also has to go and approve that. SPD has been able to do this any single day that it's wanted to. It could have started this process. When they first asked for it last year, they could have started this process then. In any of the time between last year's budget and now, they could have started this process. So they have not done that. So they're asking for money - again, for something that they've taken no steps to actually get anywhere close to being able to legally purchase. [00:48:17] Amy Sundberg: I think too - I have a lot to say about ShotSpotter - I've spent way too much of the last several weeks of my life thinking about ShotSpotter. And to be honest, I just - I find it personally painful that we're having this discussion again this year. Because not only is ShotSpotter ineffective, so it's a waste of money - which is bad enough. I mean, we obviously do not have money to waste. But it is actively harmful, to be clear. There are many, many studies that show this. It increases the number of pat-downs, searches, and enforcement actions. It justifies the over-policing of Black, Indigenous, and people of color neighborhoods that they are primarily living in. It leads to unnecessary contact between the police and vulnerable populations. And it also leads to false arrests. There have even been some cases where they've shown that possibly some of the "evidence" - I put that in air quotes - "evidence" has been tampered with in various ways. I mean, this is actively harmful. It is not just a waste of money. And then also, this year is being sold as part of a crime prevention pilot. And let me be clear - gun violence is a huge problem. It's a huge problem in Seattle. It's a huge problem in King County. Frankly, it's a huge problem across the entire country. And I don't want to minimize the impacts of that in any way, but there is no evidence that shows that ShotSpotter decreases gun violence. So people who are desperate, who want a solution to that problem, are being sold ShotSpotter as the solution, but it's not true. And that's what I find so painful, right? Is that there's people who desperately need a solution to this problem, and instead of actually giving them one that might have a chance of working, they're given ShotSpotter as a false hope instead - which I find repugnant, frankly. [00:50:13] BJ Last: Oh yeah - it's incredibly predatory what they do, Amy. They prey on communities that are struggling with issues of gun violence - which is a massive issue, as you said, that really has huge impacts - and they sell them something that just makes things worse. You mentioned on some of the - what happens with some of these alerts - Adam Toledo was one of the most famous examples of this. So Adam Toledo was a 13-year-old that the Chicago police killed because they were responding to a ShotSpotter alert. And they chased after a 13-year-old, and ended up shooting him in an alley when his hands were empty - when there was nothing in his hands. So this is the real harm that does come from this. And again, it is preying off of communities that have been disinvested in and that are dealing with real problems of gun violence and being like - Oh, hey, here's something we swear will make it better. And that goes and makes it worse. [00:51:01] Amy Sundberg: I will also say - we had this fight last year, we're having it again. There've been a few new wrinkles that have been introduced this year that I think are important to address. One of them is that this year, they have proposed that along with the ShotSpotter acoustic gunshot technology, that they include CCTV cameras. And what Senior Deputy Mayor Burgess said during one of these budget meetings was that the combination of these two technologies leads to higher accuracy and also better admissibility in court. However, these claims have not been backed up. We did find a study that shows that, in fact, the combination of these two technologies does not improve accuracy. And Councilmember Herbold asked Tim Burgess for his evidence - What makes you think this? A month after she asked, she says she finally received his answer - which was six reports on CCTV alone with no ShotSpotter technology included so does not, in fact, give any evidence that it makes ShotSpotter better. And one kind of manual suggesting that maybe you could combine these two technologies with no study attached. So the only study we have found says, in fact, it does not improve the accuracy. So I think that's really important to note. There seems to be a certain lack of regard from certain quarters for actually looking at the evidence - that I find sad, frankly. And another wrinkle that I'll mention is that BJ talked about the Surveillance Ordinance - the report that they would have to do in order to implement ShotSpotter. In the original proposal from the mayor's office, they asked to do one report - so each report, you have to do a racial equity analysis as part of that report - and they asked to only do one report. But this is mobile technology, so you can pick up the camera and the ShotSpotter tech and you can move it to a different neighborhood. So they would only be doing their racial equity analysis in the original neighborhoods that it was going to be placed, and then they could pick it up and move it to any other neighborhood without having to do another racial equity analysis, which I think is deeply problematic because different neighborhoods are different. And a lot of the neighborhoods that they were talking about originally using this technology on are primarily white. And my concern would be - what if they picked it up and moved it to a community that wasn't primarily white, but didn't have to do a racial impact report on that. That is deeply troubling. And I will say Councilmember Mosqueda, in her balancing package, addressed this problem and said - No, you should do a racial equity impact for each time you move it. So hopefully we won't buy ShotSpotter at all, but hopefully that change will stay if we do - because I think you can't do one impact report for a neighborhood, and then move it somewhere completely different and expect that report to have any validity. [00:54:09] Shannon Cheng: So ShotSpotter doesn't address the problem it's claiming to try to solve. In fact, it sounds like it might be making things worse. And so they're asking this year for about $1.8 million, but what do we know from other cities - once you buy a pilot, this $1.8 million this year, what happens after that? [00:54:28] BJ Last: It's a subscription service. So even if you wanted to maintain the same amount or the same coverage area, you are spending that every single year. So this is, would be an ongoing expense. And that's also assuming the ShotSpotter doesn't change its rates. And then if you decided to expand the footprint of where it is, that's gonna add what you're spending every single year. So it is very much just an ongoing expense into a budget that as we said - hey, is already facing a substantial general fund deficit for something that does not address a serious problem. [00:55:00] Amy Sundberg: And the company SoundThinking - I mean, their business model is to persuade cities to expand. So it would not be surprising to me if we were to start this pilot - if in a few years we were spending more like $10 million on ShotSpotter, that would not shock me. [00:55:16] Shannon Cheng: Okay, so it's - this year, we're trying to decide whether to dip a toe into this ShotSpotter technology, but it could lead to larger expenditures in future years if this initial pilot gets funded further. [00:55:34] BJ Last: Absolutely. And also the ShotSpotter company SoundThinking - they do a lot of other surveillance items. They recently bought PredPol, which is nominally predictive policing, that has all the absolute racial bias issues that you probably imagine the moment that a company said that they can sell you predictive policing. So odds are it would not even be staying at just ShotSpotter - of microphones listening for loud noises - that SoundThinking would be trying to then expand to all of their other horrible, dystopian, incredibly biased technology. [00:56:05] Shannon Cheng: Yay. [00:56:07] Amy Sundberg: It's really concerning, right? I think a lot of people want to hold up technology as this panacea - where it will fix everything. And that is not always the case. And in this case, I would argue it is not at all the case. And there are actually things that we could be investing in that might address the issue much more effectively. [00:56:28] BJ Last: Yeah, like the things that are proven to work on this are low tech items - they're violence interruption programs, resourcing communities, things like that that are actually shown to reduce gun violence. [00:56:39] Amy Sundberg: Even physical changes in the environment have been shown to have a significant effect - like adding more lighting, for example. [00:56:47] Shannon Cheng: So those are some of the big fights over public safety, which - they're really important. Unfortunately, I also feel like they often overshadow some of the other big fights that might be going on - just there's a lot of rhetoric right now about public safety, especially with the ongoing election. So what are some of the other big budget fights that you're seeing in this year's deliberations? [00:57:05] BJ Last: Well, I'd say a lot of those fights are actually also public safety items. Like there are fights on School Safety Traffic and Pedestrian Improvement, SSTPI fund - so that's been getting cut. That is safe routes for kids to walk and bike to school - Vision Zero stuff is also getting cut. We're fighting really to stop that. And so far, at least 22 pedestrians have been killed while walking, biking, or rolling. So that is absolutely a public safety item, I would say. Same with - there are currently amendments to undo the cuts to food safety. The proposed budget cut about $950,000 from food security, so that was 650K roughly for food banks and 300K for food access. I would very much say that food access is also very much a public safety item. I think there was even a French musical, Les Mis - didn't that have a lot to do with an entire revolution because people couldn't afford bread and were hungry? [00:57:58] Amy Sundberg: There also is a fight about funding behavioral health services at Tiny House villages. Right now, that funding is a lot less than it was in 2023 for 2024. And the reason why that's important is because having this funding allows Tiny House villages to house people with higher acuity needs. But if they don't have those services available, then those people can't live there. So, I mean, that's a huge issue. And there are a couple amendments to address that - one of them would take the ShotSpotter money and use it instead to pay for that, which I think is a great use of that money. And there also are fights about pay wages for human service workers - to make sure that all human service workers are getting inflationary increase and a 2% raise on top of that, a true 2% raise on top of that. There have been various little fiddly things regarding that - some of those workers were not covered because they're technically paid through King County or with federal money. But they're still doing the job every day, they still deserve that full 2% raise. So there are amendments that are working to address that shortfall to make sure that those folks get paid a fair wage. [00:59:08] BJ Last: Yeah, and on the 2% raise for human service providers, there's a pay equity study that the University of Washington released - I think it was February this year - that found human service workers in Seattle are underpaid by 37%. So 2% is just a drop in the bucket compared to what we, a city-funded study by UW found that they are currently underfunded by. There was even a resolution passed that wants to increase their wages by 7% by 2025, so this is a small item just trying to move inline with that resolution and to also make progress towards that study. 'Cause again - underpaid by 37% is huge and that impacts people's ability to actually provide services. One other item I'll throw out - there was also a cut in the budget to ADA accessibility. The reason that the City specifically funds this

Evangelism On Fire
REACH RVA Update 3

Evangelism On Fire

Play Episode Listen Later Oct 25, 2023 7:02


REACH RVA is a new ministry initiative of Evangelism On Fire Ministry/Podcast. Our REACH RVA E-Team (Evangelism Team) is leading the city wide gospel movement unification in the RVA (Richmond, Virginia) Metro area through our Mission of 650K.Listen to find out more about the REACH RVA city wide gospel unification movement.Donate to our mission of spreading the Gospel message using this giving link: https://tithe.ly/give_new/www/#/tithely/give-one-time/5727676Give financially to our REACH RVA E-TEAM by Cash App using this Cash App handle: $MarkDouglasThomasGive financially to our REACH RVA E-TEAM by Venmo using this user name:@Mark-Thomas-769Click the link to join our Evangelism On Fire Facebook community today: www.facebook.com/groups/evangelismonfireCheck out our website: www.evangelismonfire.com  

Evangelism On Fire
REACH RVA Update 2

Evangelism On Fire

Play Episode Listen Later Oct 24, 2023 11:45


REACH RVA is a new ministry initiative of Evangelism On Fire Ministry/Podcast. Our REACH RVA E-Team (Evangelism Team) is leading the city wide gospel movement unification in the RVA (Richmond, Virginia) Metro area through our Mission of 650K.Listen to find out more about the REACH RVA city wide gospel unification movement.Donate to our mission of spreading the Gospel message using this giving link: https://tithe.ly/give_new/www/#/tithely/give-one-time/5727676Give financially to our REACH RVA E-TEAM by Cash App using this Cash App handle: $MarkDouglasThomasGive financially to our REACH RVA E-TEAM by Venmo using this user name: @Mark-Thomas-769Click the link to join our Evangelism On Fire Facebook community today: www.facebook.com/groups/evangelismonfireCheck out our website: www.evangelismonfire.com  

Evangelism On Fire
REACH RVA Update 1

Evangelism On Fire

Play Episode Listen Later Oct 23, 2023 27:46


REACH RVA is a new ministry initiative of Evangelism On Fire Ministry/Podcast. Our REACH RVA E-Team (Evangelism Team) is leading the city wide gospel movement unification in the RVA (Richmond, Virginia) Metro area through our Mission of 650K.Listen to find out more about the REACH RVA city wide gospel unification movement.Give financially to our mission of spreading the Gospel message: https://tithe.ly/give_new/www/#/tithely/give-one-time/5727676Click the link to join our Evangelism On Fire Facebook community today: www.facebook.com/groups/evangelismonfireCheck out our website: www.evangelismonfire.com  

Evangelism On Fire
REACH RVA MOMENT

Evangelism On Fire

Play Episode Listen Later Oct 22, 2023 1:21


REACH RVA is a new ministry initiative of Evangelism On Fire Ministry/Podcast. Our REACH RVA E-Team (Evangelism Team) is leading the city wide gospel movement unification in the RVA (Richmond, Virginia) Metro area through our Mission of 650K. Listen to find out more about the REACH RVA city wide gospel unification movement.Give financially to our mission of spreading the Gospel message: https://tithe.ly/give_new/www/#/tithely/give-one-time/5727676Click the link to join our Evangelism On Fire Facebook community today: www.facebook.com/groups/evangelismonfireCheck out our website: www.evangelismonfire.com  

Relationships & Revenue with John Hulen
Episode 174 Live Selling Secrets with Sunni Hearin

Relationships & Revenue with John Hulen

Play Episode Listen Later Oct 6, 2023 65:41


John talks with Sunni Hearin — a multi-time author, children's writer, marketer, digital marketing agency owner, Amazon influencer, and live selling expert. Sunni's book "Live Selling Secrets: The Top Secret Formula For 10x'ing Your Physical Product Sales Online" focuses on the art of live selling for physical products and online sales.  In this episode, Sunni discusses her journey from writing children's books to discovering the world of live selling. She also shares strategies and frameworks for successful live selling of both physical and digital products. Listen to this episode to learn more: [00:00] - Intro [01:49] - Sunni's background and how she discovered live selling [06:39] - How Sunni developed her skills in writing [08:48] - How Sunni got into marketing [12:19] - Setting boundaries and defending your brand [15:22] - The importance of knowing who is not your audience [16:36] - Being unapologetic about setting boundaries [18:36] - The importance of going live and building trust [23:00] - Live comments selling [25:47] - The “Live” acronym (LIVE) [28:45] - Balancing value and offers in your content [31:18] - Keeping audience attention in live streaming [32:46] - Serving clients rather than selling to them [35:25] - How to sell without selling [40:28] - How to sell non-physical products live [42:27] - The reason that webinars work so well [44:18] - Generating over $650K by selling glass pumpkins [49:14] - Struggle and success in the art world [52:21] - 1/3, 1/3, 1/3 approach to networking and improving relationships [55:12] - Sunni's definition of success [57:37] - What makes a great leader [58:36] - How Sunni is investing in herself [1:05:30] - Book recommendations NOTABLE QUOTES: “God doesn't always reveal everything to you at once; you have to go through it to get to it.”  “No is not a forever no. It's no for now. But even if it's a forever no, that's actually a good thing. It helps you find out who you're not for.” “You are the brand. How can people like and trust you if they don't know you?” “Some will, some won't. So what?”  “Set a date, get it ready, get your merchandise ready, and go live.”  “Be bold and unapologetic about offering things. Let your audience know that you'll be making offers, and that's part of the journey.”  “Success for me is about having financial goals, but it's also about happiness, relationships with family and friends, and making a positive impact on others.”  “A great leader has a high EQ, listens actively, understands different perspectives, and ensures workflows make sense for the team.”  MENTIONED: Books: On Writing: A Memoir of the Craft by Stephen King (https://a.co/d/5DWB2wD) Traffic Secrets: The Underground Playbook for Filling Your Websites and Funnels With Your Dream Customers by Russell Brunson (https://a.co/d/eiZhn5V) Expert Secrets: The Underground Playbook for Converting Your Online Visitors into Lifelong Customers by Russell Brunson (https://a.co/d/frBFHQ3) Dotcom Secrets: The Underground Playbook for Growing Your Company Online with Sales Funnels by Russell Brunson (https://a.co/d/eQANz0l) 2. YouTube Channel: Deep Believer (https://www.youtube.com/c/deepbelievers)  3. Movie: Pay It Forward 4. Website: Comments Sold – a platform for live commenting sales (https://try.commentsold.com/)  USEFUL RESOURCES: https://livesellingsecrets.com/ https://thesunnation.wordpress.com https://www.linkedin.com/in/sunni-hearin-17a6a625a/ https://www.facebook.com/sunni.hearin https://www.instagram.com/sunnationfitness/ https://a.co/d/iurIsJ6 https://a.co/d/6Fqf8Id CONNECT WITH JOHN Website - https://thejohnhulen.com     Instagram - https://www.instagram.com/johnhulen     Facebook - https://www.facebook.com/johnhulen     Twitter - https://www.twitter.com/johnhulen     LinkedIn - https://www.linkedin.com/in/johnhulen     YouTube - https://www.youtube.com/channel/UCLX_NchE8lisC4NL2GciIWA     EPISODE CREDITS Intro and Outro music provided by Jeff Scheetz - https://jeffscheetz.com/

The Wealth Flow
Ep33: Methods to Rapidly Elevate Your Investment Game - Jonny Cattani

The Wealth Flow

Play Episode Listen Later Sep 26, 2023 43:41


Whether you're a seasoned investor or embarking on your investment journey, this episode has something valuable. Join our conversation with Jonny Cattani as we dissect various strategies and opportunities that can shape your financial future.     Key Takeaways To Listen For Comparing investments: Real Estate vs. Stock Market Unique opportunities and strategies within the short-term rental market How effective are oil and gas investing as an investment strategy? Tips when investing in RE opportunities amidst economic uncertainty Expert advice for those who are just starting their investment journeys     Resources/Links Mentioned In This Episode Rich Dad Poor Dad by Robert T. Kiyosaki | Kindle, Paperback, and Mass Market Paperback GreenLight Equity Group RaiseMasters Raising Capital for Real Estate by Hunter Thompson | Kindle and Paperback Zillow Airbnb Vrbo  MLS.com Principles by Ray Dalio | Kindle and Hardcover  Passive Investing Made Simple by Anthony Vicino et al. | Kindle and Paperback   If you're new to investing or preparing to do so, Jonny has created a video series called "Five Steps to Your First Passive Investment" specifically for beginners. Access this series by visiting https://www.thecashflowchronicles.com/.     About Jonny Cattani Jonny is the founder of Cattani Capital Group. He is a former stockbroker turned real estate investor and has been in commercial real estate for three years. He's been an investor for six years, and he currently manages a $650K short-term rental fund and specializes in helping busy professionals build wealth through passive income. Jonny is the host of The Cash Flow Chronicles- Daily Investing Podcast.     Connect with Jonny Website: Cattani Capital Group Podcast: The Cash Flow Chronicles     Connect With Us If you're looking to invest your hard-earned money into cash-flowing, value-add assets, reach out to us at https://bobocapitalventures.com/.     Follow Keith's social media pages LinkedIn: Keith Borie Investor Club: Secret Passive Cashflow Investors Club Facebook: Keith Borie X: @BoboLlc80554

The Scoot Show with Scoot
Metairie Hooters on the hook for $650k in racial discrimination lawsuit

The Scoot Show with Scoot

Play Episode Listen Later Sep 6, 2023 3:48


Scoot goes on a rant about why the Hooters on Veterans Blvd is having to pay out more than half a million to former Black employees in a discrimination suit

The WAN Show Podcast
One Of The Shows Of All Time - WAN Show August 25, 2023

The WAN Show Podcast

Play Episode Listen Later Aug 28, 2023 142:26


Try Notion AI for free at https://www.Notion.com/wan Check out Volcanica Coffee's over 150 different coffees at https://lmg.gg/volcanica and use code LINUS15 for 15% off! Save time and automate your social media marketing! Check out Tailwind at https://lmg.gg/tailwindapp Timestamps (Courtesy of NoKi1119) Note: Timing may be off due to sponsor change: (00:00:00) Chapters (00:01:18) Intro (00:01:56) Topic #1 - Lack of WAN Show last week (00:02:44) Working & figuring things out (00:03:54) Steven's FP post, content break (00:05:28) dBrand's broken glass, Linus's pool kills his tech (00:11:41) Linus on fixing his Z Fold ft. Bread Cam (00:12:44) Luke on baking tech, Android's photo back up (00:14:48) LTT's Radeon pt. 2 video, supposed to release sooner (00:16:09) Topic #2 - Disney ditches physical disks sales (00:19:12) Past writer strikes up to 153 day (00:19:42) U.S. judge rules A.I. art cannot be copyrighted (00:20:16) Lack of strikers' compensation, "tax write off" (00:22:31) Constantly dropping shows, what will happen to industries? (00:25:39) Discussing global film industries (00:27:35) Linus on Disney withdrawing content (00:29:38) Luke on archiving, Linus on piracy (00:33:02) Linus on Superchats (00:35:06) Merch Messages #1 ft. Bread Cam (00:35:43) Bread in resin FP exclusive? (00:36:57) Would wireless GPUs take off? (00:38:35) LMG's car channel update, style of video? (00:40:03) Topic #3 - Illinois allows child influencers to sue parents (00:48:22) Topic #4 - GTA VI leaked by a teen hacker (00:58:36) Topic #5 - Best Monopoly spots ft. Bread Cam (01:01:41) Luke's history with timestamping WAN Show (01:02:43) Result of FP poll, "inflation" in Monopoly (01:04:26) Luke confronts Bread deity about the number of topics (01:04:49) Sponsors (01:08:46) Monopoly's wiki on railroads ft. "Rush for Bread!" (01:10:05) Linus on Monopoly purchase & auction rules (01:13:04) Linus's screenshare button, Monopoly Tycoon (01:17:02) Discussing "Tycoon," past games, "better Anno" (01:20:02) Luke discuss Sawyer & Steam reviews, Linus recalls Anno (01:21:48) Starfield, Yukon Trail, Linus learns about FP polls (01:23:57) Jadeon's new FP player & features (01:26:47) Twitch's take on React (01:27:58) Merch Messages #2 (01:32:22) Topic #6 - Luke plays Baldur's Gate 3 (01:34:12) Luke mutes Linus the Bear Enthusiast (01:35:31) BG3's multiplayer & campaigns (01:36:20) Chained Echoes, Linus's & Luke's hours (01:37:20) Linus recalls Valve changing TF2's stats (01:38:24) StS's Ascension, Linus on overwriting saves (01:40:36) Rocket league ranks (01:41:08) Update on Ludwig V.S. Linus game-off (01:42:22) This Was NOT a Video (01:43:24) Dan wasted paper, Linus on iGPU (01:47:38) Topic #7 - Microsoft pulls A.I. article writer (01:49:32) Microsoft's response (01:50:03) Fully machined artwork is ineligible for copyright (01:50:24) Microsoft's A.I.'s sea life suggestion (01:51:50) Topic #8 - Meta blocks Canadian news (01:54:52) Topic #9 - Experian fined $650K for violating spam law (01:55:29) Topic #10 - Rockstar acquires Cfx.re (01:57:02) Linus on goal changes, Luke on modders being hired (01:58:25) Merch Messages #3 ft. Bread Cam (01:59:08) Ever experienced "if I do this, there's no going back?" (02:01:51) Favorite stories from LTX & Whale LAN (02:02:55) Did you think the screwdriver would be as widely used as it is? (02:04:12) Ever played racquetball or squash? How does it compare to badminton? (02:05:41) Favorite split screen Co-Op games? (02:11:24) Stubby screwdriver launch date on LTTStore? (02:12:09) Favorite smart home upgrades (02:13:40) Biggest culture shock during your travels? (02:15:01) Any other sponsors who were weird like dBrand? (02:16:27) Choose between old wireless internet & rechargeable batteries (02:18:23) Release of Atari 2600+ (02:19:21) Thoughts on DLSS being a necessity (02:22:29) Would you do a video about FP tech? (02:23:33) Outro

Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More)
241: $650k Funded Traders Tips to Pass & Withdraw from Prop Firms Effortlessly w/ Dan Cheung

Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More)

Play Episode Listen Later Aug 23, 2023 48:36


Daniel's Links: https://tradingnut.com/daniel-cheung-4/?r=pod ⭐ No Time Limit Funding with 85% Profit Split at Blue Guardian https://tradingnut.com/BlueGuardian/ - Save 10% Coupon: TRADINGNUT

The YouTube Power Hour Podcast
REPLAY: How to Grow 650k Subscribers on Youtube with Belinda Selene

The YouTube Power Hour Podcast

Play Episode Listen Later Feb 23, 2023 68:23


Another fabulous replay episode for you this week! I promise, new ones coming soon! What does it take to maintain a YouTube empire with 650k subscribers? For one, a whole lot of passion, and fashion, beauty and lifestyle YouTuber Belinda Selene has that in abundance. She also has a ton of other secrets to her success that she's sharing on this episode. She's breaking down how she built her empire and the entire process that helps her pump out hit after YouTube hit. If you're ready to grow, tune in! Click HERE to watch this interview on YouTube Full show notes at erikavieira.net ---------- ​✨ GET THE YOUTUBE AUDIENCE ATTRACTION SYSTEM FOR $39