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Bitcoin slips under $90,000 as markets react to rising concerns over AI profitability and slowing earnings from major tech firms. In today's BlockHash Morning Brief, we break down why risk appetite is shifting, how AI spending forecasts are impacting both equities and crypto, and what traders should watch as volatility increases.We also cover the launch of a new Prediction Markets Coalition—featuring Kalshi, Crypto.com, Coinbase, Robinhood, and Underdog—aimed at creating a unified regulatory framework for event markets in the U.S. This could become one of the biggest new frontiers in fintech and blockchain.Plus: OpenAI explores dedicated AI devices and on-device small models, signaling a major shift toward ambient, personalized, real-time AI experiences that don't rely solely on cloud compute. (0:00) Intro(0:32) Bitcoin Drops below $90K(1:56) Prediction Market Coalition(3:14) OpenAI Dedicated AI Devices(4:12) Marco Equities Snapshot(5:11) Crypto & Emerging Tech Market(6:10) What to Watch

This episode of Airey Bros Radio was originally streamed LIVE on YouTube on November 3, 2025 and is now available on all podcast platforms.

RUNDOWN   Time for a post-Thanksgiving catch-up — from Hotshot's massive Bonnie Lake feast (and industrial-sized leftovers) to Mitch explaining why he avoids other people's stuffing, small talk, and social gatherings altogether. The guys 'roll' into a playful celebration of area code 360, spotlighting surprising celebrity ties: Sam Elliott's Clark College days, Hilary Swank's Bellingham childhood, The Rock's Vancouver roots, and of course Kurt Cobain — whose Aberdeen home, schools, and legacy still anchor the region. Mitch and Hotshot mourn Washington's deflating rivalry loss to Oregon, wondering what's happened to Damon Williams over the last few weeks and whether Jed Fisch's 8–4 season is real progress or just a tiny baby step. They pivot to the Seahawks' 26–0 shutout of a completely overmatched Vikings team led by one-and-done starter Max Broer, raising fresh concerns about Sam Darnold, a sputtering passing game, and what—if anything—you can actually learn from a win like that. Mitch then slips into full "Mr. Playoffs" mode, mapping out the Rams–Seahawks tiebreaker hell. Brady and Jacson join Mitch to break down Seattle's emphatic 26–0 shutout of Minnesota — the team's first since 2015 — powered by five takeaways, four sacks, and total defensive domination of an undrafted rookie QB. While the win keeps Seattle tied atop the NFC West, all three acknowledge the troubling offensive trend. The crew debates whether this defense — with Ernest Jones ascending, DeMarcus Lawrence wrecking pockets, Reek Woolen surging, and reinforcements like Julian Love near return — is good enough to carry a sputtering offense deep into January. Rick joins Mitch to dissect Washington's season-ending loss to Oregon — highlighting Damon Williams' late-year regression, disorganized reads, and off-timed footwork, while crediting Dante Moore for outplaying him in a game UW needed. They walk through the wild coaching carousel (Lane Kiffin to LSU? Will Ole Miss even let him coach the playoff?) and unravel the tangled playoff math: whether the Ohio State–Indiana loser still deserves a bye, how an Alabama loss would knock them out, and why Texas Tech's "purchased darlings" have a real shot to win it all.   GUESTS   Brady Henderson | Seahawks Insider, ESPN Jacson Bevens | Writer, Cigar Thoughts Rick Neuheisel | CBS College Football Analyst, Former Head Coach & Rose Bowl Champion   TABLE OF CONTENTS   0:00 | Thanksgiving Leftovers, the 360 Area Code Deep Dive, and a Tour Through Kurt Cobain's Aberdeen Roots 10:57 | BEAT THE BOYS - Register at MitchUnfiltered.com 15:22 | Ducks Roll the Dawgs, Damon Williams Stalls, and the Seahawks Cruise While Playoff Math Gets Messy 35:39 | GUEST: Seahawks No-Table; Seahawks Blank Vikings 26–0, Rise to 9–3, and Spark Big Questions About Darnold, Pressure, and JSN Dependency 1:01:46 | GUEST: Rick Neuheisel; Neuheisel Breaks Down Oregon–UW, Lane Kiffin Chaos, and the High-Stakes Math of the New 12-Team Playoff 1:32:26 | Other Stuff Segment: three-six-oh shoutout to Ben Gibbard and Death Cab for Cutie in Bremerton, Huskies bowl projections (LA Bowl vs Boise State/UNLV, Sun Bowl vs SMU, or Holiday Bowl vs Pitt in San Diego), Lane Kiffin bolts Ole Miss for LSU and gets cussed out at the airport while Ole Miss fans also blame Pete Carroll and even God for "telling him to go," Vanderbilt QB Diego Pavia's brother Javier arrested again for public intoxication at Neyland Stadium, Jim Mora Jr leaves UConn for Colorado State and we revisit his infamous Hugh Millen "I'd leave in a second for UW" comment and his brutal Olindo Mare kicker rant, Carmel-by-the-Sea banning pickleball at public courts over nonstop paddle pop noise, Lions' Thanksgiving halftime show with Jack White bringing out Eminem for a Detroit super-collab, ozempic "perk" for men where losing weight makes everything look bigger downstairs, Paul Anka's new doc and his stories about Frank Sinatra's and Milton Berle's legendary endowments, Italy's "Mrs. Doubtfire" scam where a son dressed as his dead mom for years to steal her pension, Richard Simmons' Hollywood Hills house getting a big price cut on the market, RIPs: Fuzzy Zoeller – Masters and U.S. Open champion – dead at 74, HEADLINEs: France's far-right leader gets egged and floured like a human baguette, Brain scan reportedly shows Kim Kardashian has "low activity" upstairs, Trump supposedly slaps a "No fat chicks" sign outside the Oval Office, Thieves steal $90K worth of gourmet snails and instantly become the true escar-goats

John 12:1-8,Six days before the Passover, Jesus therefore came to Bethany, where Lazarus was, whom Jesus had raised from the dead. 2 So they gave a dinner for him there. Martha served, and Lazarus was one of those reclining with him at table. 3 Mary therefore took a pound of expensive ointment made from pure nard, and anointed the feet of Jesus and wiped his feet with her hair. The house was filled with the fragrance of the perfume. 4 But Judas Iscariot, one of his disciples (he who was about to betray him), said, 5 “Why was this ointment not sold for three hundred denarii and given to the poor?” 6 He said this, not because he cared about the poor, but because he was a thief, and having charge of the moneybag he used to help himself to what was put into it. 7 Jesus said, “Leave her alone, so that she may keep it for the day of my burial. 8 For the poor you always have with you, but you do not always have me.”And the Lord, in verse 7, defends the way Mary of Bethany expresses her devotion to him.What Mary does in verse 3 is good and right, and I think we can learn from her. So that's the goal of this sermon. All last week, my prayer for today has been that through Mary's example in John 12, the Spirit would reawaken in us Mary-like devotion to Jesus. I want us to learn from Mary how to be more like Mary for the glory of Jesus. To that end, this morning I want to show you seven truths of Mary-like devotion.1. Mary-like devotion is surprising. Verse 1 opens with the setting: we are six days away from Passover, and Jesus has come back to Bethany. Now remember that Bethany is where he raised Lazarus from the dead in Chapter 11, verse 43, but then when the Jewish leaders plotted to kill Jesus, John tells us in verse 54 that Jesus “no longer walked openly” among them, because they were looking for him. The Pharisees wanted to arrest him. So Jesus left that area and went to Ephraim, which gave him more distance from Jerusalem. (Bethany was 2 miles outside Jerusalem, Ephraim was about 15 miles). So by the end of Chapter 11, Jesus is laying low.But Chapter 12 opens here and he's back in Bethany, where news travels quickly to Jerusalem, which means this is dangerous — why would he do it? Why would he come back to Bethany now? It's because Passover is six days away. Remember Jesus has a purpose to accomplish in Jerusalem, and now he's getting closer. But since Jesus is in Bethany they throw a special dinner for him. And because it's Bethany, we would expect our favorite Bethany family to be there. We saw these three siblings in Chapter 11 — Mary, Martha, and Lazarus. Now, John knows we'd expect their attendance, so he takes roll in verse 2. Look what he says:“So they gave a dinner for him there. Martha served [check her name off — she's there], and Lazarus was one of those reclining with him as table [check his name off — he's just happy to be in the room].And right away that's Martha and Lazarus. Which sibling is missing?Mary. Now look at verse 3 (verse 2 was just a build up to this):“Mary therefore took a pound of expensive ointment made from pure nard, and anointed the feet of Jesus and wiped his feet with her hair.”The first thing I want you to see is that this was not expected. This is a dinner! People are sharing a meal. Martha is staying busy like she does. Lazarus is at the table (you know he's getting seconds). And then Mary, finally, enters into this dining room with a bottle of ointment (or perfume) and she does this extravagant display of worship.Most of us had big dinners a few days ago. Imagine for a minute if something like this happened! It was not on the menu. It's never happened before. This was a surprise! That's the first thing to know about Mary-like devotion. This is not what most people would expect — because it responds in the moment to the glory of Jesus regardless of the context.2. Mary-like devotion is costly.We can see in verse 3 that this perfume was expensive. John tells us that plainly. But he also gives us two details that explain why. It has to do with quantity and quality.First, with quality, this perfume was made from “pure nard.” That's a plant that's grown in India. The root of this plant produced an oil that was collected to make this perfume.So it's a product derived from nature, created by a process, imported from far away — that sounds expensive. (This is why many scholars believe this Bethany family was well off — this perfume would have only been owned by the luxury class of the Mediterranean world.)Second, notice the quantity. John tells us it was a pound — and that's a Roman pound. The Greek word is litra — and it's equivalent to about 12 ounces. So imagine the American pop can. (I don't know the last time you turned a can of pop upside down to pour it out, but it takes a little longer to empty it than you might think.)Twelve ounces is not a little bit. And Mary doesn't have pop, it's perfume — 12 ounces of perfume — that's a lot of a really nice thing. And to give us more of an idea of how precious it is, John tells us the number value in verse 5. Judas says it's worth 300 denarii — which is about a year's wages.So to draw a parallel to our day, this is what we'd call an annual salary, and the average annual salary in the Twin Cities, Google says, is between $80,000–$90,000. So translate this in your imagination... Picture this: Someone at dinner this past week walks into the dining room and pours out $90,000 on somebody else's feet … Again, this is stunning. And the costliness amplifies the surprise! Those two things go together in Mary-like devotion. It's surprising because it's costly.3. Mary-like devotion is humble.Now, for our imagination's sake, it helps to know how people ate together at this culture and time. They didn't use raised tables and chairs like we do, but they used low tables, and sat on cushions on the floor. They “reclined” on the table, like verse 2 says, and their feet were stretched out behind them, away from the table. So Mary approached Jesus, verse 3, while he was sitting like that, and she anointed his feet.This is a key detail. Because with the extravagance of her gift, we might imagine Mary's actions to be surrounded by pomp. Like maybe Mary enters the room and first clears her throat, and makes sure somebody's getting the video, and then she does it. But it's just the opposite.Mary comes into the room, and stays at the feet's distance away from the table. She's not the center of attention. Nobody was probably even looking in her direction, and then she pours the perfume on Jesus's feet and wipes his feet with her hair. This is borderline undignified. She definitely looked a little silly. To everyone's surprise, with likely the costliest thing she's got, she humbles herself at the feet of Jesus in worship — but then the most vivid display of her humility is the use of her hair.In the ancient world, a woman's hair was her glory. It was her honor. This was Mary's strength, but here she turns her strength into a servant's towel … Her radiance into a rag. Her splendor into a sponge. Her crown becomes a cloth. … to wipe feet.Which means, Mary gives the best part of herself for the least part of Jesus. The highest aspect of her presentation (hair) is submitted to the lowest aspect of his (feet).This is profound humility.Mary is not even audacious enough to pray here: “Jesus, take my utmost for your highest.” She just says, “Jesus, take my utmost!” — And I don't care what anybody else thinks. I'm not concerned about appearance. It doesn't matter what people might say. This is all about Jesus. Mary shows us a marvelous self-forgetfulness. Mary-like devotion is humble.4. Mary-like devotion is fitting.This is #4 of 7, and it really is the central truth in Mary's example.So far we've seen that Mary-like devotion is surprising, costly, and humble, but here's where we need to be clear that the only reason any of this makes sense is because of Jesus. And Jesus doesn't just make Mary's actions make sense, he makes them right. Because of who he is, what Mary does is fitting. John calls her act an “anointing,” which is something done to set someone apart for a certain office. The examples we have in the Old Testament are individuals anointed as a priest or king, and we should think especially of kings in the Gospel of John. If you remember, way back in Chapter 1, when Nathaniel first met Jesus he confessed right away that Jesus is the Son of God and the King of Israel (1:49). Then in Chapter 6, verse 15, after Jesus fed the five thousand, the crowd wanted to take him by force and make him king.So we've seen a kingship theme already.But then right here in Chapter 12, the very next day after Mary anoints Jesus, Jesus rides into Jerusalem on a young donkey, and the crowd paves the way for him with palm branches, and they say — in verse 13 — “Hosanna! Blessed is he who comes in the name of the Lord, even the King of Israel!”So we have every reason to see that Mary's anointing of Jesus is anointing him as King.Because that is who he is. It'll be explicit and public tomorrow in this story, in Jesus's ‘triumphal entry,' but tonight, at this dinner, with Mary, it's implicit and private. In the moment, even Mary doesn't know the full extent of what she's doing, but we as readers can see it. In Chapter 11, we saw her fall at Jesus's feet in grief, here she bows at Jesus's feet in worship.Last chapter she came to Jesus needing his help; now she comes to him just giving him glory.This doesn't mean we ever stop coming to Jesus for help — we do! We always need his help! But sometimes we can also just come to him in simple worship.This is when we come to him, not to ask him for things, but to give him whatever we can because he is worthy — just because he's our king and he's a good king! It is fitting to worship him!Think about this: When was the last time your heart moved toward Jesus, not for what he gives, but for who he is? When was the last time you were simply compelled by the worth of Jesus?The Little Drummer BoyMary's devotion here in Chapter 12 actually reminds me of what used to be one of my least favorite Christmas songs. “Santa Baby” is dead bottom, but not far from there used to be “The Little Drummer Boy.” And the reason I didn't like the song is because for years it didn't make sense to me, and it was kinda irritating. The pa-RUM-pa-pum-pums are distracting. But if we can get rid of that part and focus on the real words in the song, it's actually beautiful. It's a song about a boy who is invited to meet the newborn Jesus (and it's fictional; didn't really happen; we're supposed to use our imaginations). The boy starts the song by saying:Come, they told meA newborn king to see, Our finest gifts to bring,To lay before the king,So to honor himWhen we come You get it? The boy is invited to come meet Jesus, so he does. And in the second stanza he's at the manger, and he speaks to the infant Jesus:Little baby,I am a poor boy tooI have no gifts to bringThat's fit to give a KingShall I play for you on my drum?See, I imagine that's what Mary of Bethany thought. While Martha was busy serving and Lazarus was sitting at the table, Mary thought: The king is here. He's in the room. What do I have that's fit to give a King?And the technical answer is nothing. Nothing we have is enough to match the glory of this King, but Mary thinks I've got that bottle of perfume — just like the boy thought, I've got this drum. And the boy says, “Shall I play the drum?” Mary thinks, “Shall I pour the perfume?” So the boy plays his best, and Mary pours it all. I don't have enough to give you, but I'll give you my best because you're worthy.That's what the song is about. That's what Mary does here. And it's fitting because of the King!And John tells us that the fragrance of her worship fills the entire house. Which means: her personal reverence and self-forgetfulness in recognizing the glory of Jesus becomes uncontainable. Everybody around her can literally sense her devotion for Jesus.5. Mary-like devotion is criticized. This is verses 4–5: But Judas Iscariot, one of his disciples (he who was about to betray him), said, “Why was this ointment not sold for three hundred denarii and given to the poor?”Apparently, Judas caught the aroma, but instead of recognizing Mary's act as a surprising, costly, humble, and fitting act of devotion, he criticized her. He immediately liquidated the value of the ointment in his head, and he corrected her decision. That could have been used for something better! That could have been a lot of money to help poor people! Mary is being unwise!Now, before we look closer into the criticism, I just want to note that it happened, and right away, because that's just how things go — even things as wholesome as Mary's devotion.The Bible gives us no impression that devotion to Jesus will be easy — it actually ensures the opposite. There's a Forest Frank lyric my younger boys love. It goes: Jesus promised that the bad would come along, ‘Cause if life is always easyProbably doin' something wrong.That's true. I want everybody to know: when your devotion to Jesus meets difficulty, that's a good sign. The question for us is about our willingness to endure difficulty. Are we willing to be criticized? Are we willing to express devotion to Jesus that others would call wasteful but Jesus calls beautiful?6. Mary-like devotion is vindicated.Let's look closer at what Judas said in verse 5.At face-value, we might think Judas is onto something, because what he says is not untrue. That perfume was worth a lot of money — three hundred denarii/$80–90K — that's a lot of money you can do a lot with. Judas names one possibility. The problem, though, is that he's thinking about it all the wrong way. See, he's thinking about gifts from the giver's perspective, not from God's perspective. He's thinking about everything from earth looking around, not from heaven looking down.In his mindset — the ‘Judas mindset' — all value is monetary, and all that is monetary is a zero-sum category: which means I'm always thinking, “whatever I give here is what I cannot give there.” And see, Judas is so caught up in this mindset — he cares so much about the optimal management of the gift — that he's blind to the One the gift is for. That is what is most striking about verse 5 — it's the absence of anything to do with Jesus. Judas says nothing about him. So Judas not only rebukes Mary here, but he also registers how little he thinks of Who she worships.And if that wasn't clear, John adds in verse 6. He wants us to know that Judas said what he said:“…not because he cared about the poor, but because he was a thief, and having charge of the moneybag he used to help himself to what was put into it.”Judas was part of a program called ‘Feeding Our Future' …Greed is an ancient sin — it's the root of all evil, and it ruined Judas. (And it's behind the ruin of our state. God help us.)In verse 7, Mary doesn't say anything back to Judas, but Jesus speaks up on her behalf, and he says, first, “Leave her alone.”Which is amazing. Jesus doesn't argue with Judas. He doesn't explain why his mindset is wrong, he first just tells him to stop. Jesus defends Mary, and he makes the issue about himself, because it is!With this perfume Mary has prepared Jesus for the day of his burial, because, verse 8:“…the poor you always have with you, but you do not always have me.”And it's clear now, with the mention of his burial and that he won't always be here, Jesus is talking about his death. Which raises the question for us: Was Mary anointing Jesus as king or preparing him for his death? And the answer is Yes.Again, Mary is doing more here than she realized. She is anointing Jesus as King — it's just that he's a king who will sacrifice his life for his people.He's a King who has come to die. His reign will conquer the grave for good — remember Lazarus — but first Jesus's reign will come through the grave. Our triumphant King will also be a slain Lamb. And John wants us so badly to get this! He gives us hints here in Mary's devotion, but then later in the Book of Revelation he tells us about a vision when saints and angels together pour out their praise to Jesus, and they say, “Worthy is the Lamb who was slain to receive power and wealth and wisdom and might and honor and glory and blessing!” (Revelation 5:12)Listen: I want you to know that the final vindication of our every sincere act of devotion to Jesus will come on that day when we see him. If it's Mary-like devotion, it is never wasted. Jesus is worth it. And this brings us to the last point.7. Mary-like devotion is instructive. We're gonna finish how we started: I think we can learn from our sister Mary. It is a gift to us to be able to see her gift to Jesus, and I want us to be more like her. That's been my prayer: that the Spirit would reawaken or awaken in us Mary-like devotion to Jesus.Devotion that is surprising because it responds to Jesus in the moment, even if it doesn't fit the setting. Costly because it brings Jesus our best, humble because it doesn't worry about what others might think, fitting because Jesus is the King and nothing given to him is too much, criticized because it's not supposed to be easy, and vindicated because the King who Mary worshiped is the Lamb who was slain and one day we will see his worth with our own eyes.Mary's devotion is instructive because it shows us what it looks like when a heart is overcome by the worth of Jesus.And what's incredible for us, is that we know more about Jesus's worth than Mary does here. We already know the end of the story! That Jesus who has come will die, will be resurrected, and will come again.So in closing, I want to invite you to ask yourself this: For Advent, in this season of waiting, what is Jesus calling you to do that would simply reflect his worth?That's what brings us to the Table.The TableWe come here to this Table to rest in the worth of Jesus Christ. Let his glory be your comfort by taking refuge in him. That's what it means to trust in Jesus, and that is who this table is for. If you're here and you have put your faith in Jesus, we invite you to eat and drink with us and give him thanks.

Welcome back to Franchise Fit Podcast (formerly Eye on Franchising)!After 4+ years, we've rebranded—but the mission is the same: bringing you the most inspiring, profitable, and purpose-driven franchise opportunities in America.Today's guest is Brad Coleman, CEO of Safeway Driving, NASCAR driver, safety advocate, and the mind behind a modernized, premium version of driver's education.If you're looking for a home-based, low-investment, high-impact franchise, this episode is a must-watch.Safeway Driving has been around 52 years, trains safer drivers than any competitor, and posts incredible per-car revenue numbers ($90K avg). Brad shares the full story—from racing at 200 MPH to upgrading a dusty driving school into a scalable franchise model.

In this episode of the Niche Pursuits Podcast, Chelsea Clarke of Her Paper Route and Niche Investor reveals how she pivoted her business after losing $90K/month in revenue due to major Google updates. She dives into why Pinterest now drives the majority of her traffic, how lifestyle blogs are outperforming traditional niche sites, and what types of websites are actually selling in today's market. Chelsea also shares her strategy for building community through newsletters and virtual events, plus tips on boosting your site's valuation. If you're trying to adapt to the new digital landscape, this is a must-listen! Sponsor: 201 Creative Get your FREE GEO Snapshot today! - https://201creative.com/geo-snapshot/?utm_source=niche_pursuits_podcast&utm_medium=audio&utm_campaign=geo_snapshot_launch&utm_content=show_notes Links & ResourcesBuy Chelsea's Book - Glow Up Yourself: https://herpaperroute.com/glow-up-yourself-book/ View Sites For Sale on Niche Investor: https://nicheinvestor.com/ Learn More About Her Paper Route: https://herpaperroute.com/ Ready to join a niche publishing mastermind, and hear from industry experts each week? Join the Niche Pursuits Community here: https://community.nichepursuits.com Be sure to get more content like this in the Niche Pursuits Newsletter Right Here: https://www.nichepursuits.com/newsletter Want a Faster and Easier Way to Build Internal Links?  Get $15 off Link Whisper with Discount Code "Podcast" on the Checkout Screen: https://www.nichepursuits.com/linkwhisper Get SEO Consulting from the Niche Pursuits Podcast Host, Jared Bauman: https://www.nichepursuits.com/201creative

If you're craving clarity in a noisy industry, if you want to grow without sacrificing your sanity, if you're committed to excellence and hungry for sustainable, grounded success,  this episode is for you. As we wrap up 2025, I'm sharing the real, unfiltered thoughts I've been wrestling with behind the scenes, observations from a year spent sitting with small groups of founders across the country, breaking bread, and talking about the realities of leadership in our evolving industry. And what I've seen is this: We are living in an era of performative success. Visibility is being mistaken for value. Speed is being confused with strategy. And somewhere between AI, algorithms, and "look at me" culture… we're losing sight of what's real. In this episode, I unpack: The emotional crisis happening beneath the surface of our industry — the tension between growth and integrity. How the obsession with visibility is pushing founders into reactive decisions that erode their confidence and their businesses. Why the "quiet majority" — the women building intentionally and with integrity — hold the true power to shape the future of aesthetics and wellness. The importance of mastery, humanity, and leading with substance in a world that rewards speed and showmanship. Why the leaders of tomorrow will be the ones willing to build slowly, privately, and with conviction. I also share personal stories and three powerful case studies from women inside our programs who built businesses grounded in clarity, structure, and soul, not chaos or comparison. And if you're ready to structure that growth, protect your vision, and build your next level with intention, I invite you to join me for my 2026 Strategic Planning Masterclass, part of our 90K in 90 Days Challenge. On December 5th, I'm walking you through the same framework we use with our private clients to help them design their next 90 days of strategic, sustainable growth, with clarity, KPIs, a marketing calendar, and a plan that honors your life-first values. If you're ready to step into 2026 with confidence, strategy, and soul, reserve your seat at klcconsultants.com/90daychallenge. Resources → Download the The Ultimate Practice Growth Audit & Save Your Spot for our 2026 Strategic Planning Masterclass → Learn more & secure your spot for Confidence to Scale Live → Join the Fierce Factor Society → Follow Kaeli on Instagram: @kaeli.lindholm Additional Ways to Connect: Book a Discovery Call: Ready to scale with intention? Let's map out your next strategic move. KLC Consulting Website Kaeli on LinkedIn

This week's Wealth Formula Podcast is about the economics of sports—if you are a sports fan like me, you will love it. But before we get to that, I want to give you my two cents on one of the most important elements to financial success in anything: conviction. As I write this, Bitcoin sold off from a high of $126K to under $90K. Other cryptos have lost 50-90 percent of their value in the same time. It's been called a blood bath. Some are even saying it’s over for Bitcoin. I might even believe them if I hadn't seen the same story at least 5 times before over the past decade. True bitcoiners have tremendous belief in what bitcoin means to the world. Someone who bought $1,000 of Bitcoin in 2010 and simply refused to sell would now be sitting on hundreds of millions of dollars. That is the reward for true conviction. The irony of this bitcoin cycle is that many of those individuals with high conviction are finally cashing in on the fruit of their patience. Almost every day, another wallet that hasn't been active since 2011 is selling off a billion dollars into the market into the hands of Wall Street and governments. That's why prices are tumbling. But don't be fooled into thinking that these buyers are the dumb money holding the bag. The story does not end here. Nor is the Bitcoin story a one-off either. History repeats itself as the story of investments unfolds over time. In December 1999, Amazon stock traded at $106. After the dot-com crash, it fell to $5.97. Every talking head had a eulogy written for the company. But if you were crazy enough to hold through the storm, your conviction paid off spectacularly: $10,000 invested in Amazon in 2001 is worth over $20 million today. Now, moving on to the topics of sports. One of my favorite examples of conviction is from 1920, when George Halas bought the Chicago Bears franchise for $100. The Halas family could've “taken profits” countless times. They lived through multiple depressions, a world war, a dozen recessions, five or six league restructurings, labor disputes, player strikes, and decades of bad seasons. Anybody else would've bailed. But they didn't, and today, the Chicago Bears are valued at over $6.3 billion. These stories have different time periods and different industries, but they all teach the same lesson: Conviction is one of the most profitable assets you can own. That's the message I want to leave you before we move into a perhaps more entertaining topic: the economics of professional sports. Most people think of sports in terms of touchdowns, rivalries, and Super Bowl rings. But the truth is… professional sports is one of the greatest wealth-creation machines in American history. Few people understand those engines better than our guest this week. He's one of the clearest, most respected voices in sports economics today, and he's going to break it all down for us: salary caps, streaming deals, and team valuations. If you are a sports fan, you are going to love this week's episode of Wealth Formula Podcast! Transcript Disclaimer: This transcript was generated by AI and may not be 100% accurate. If you notice any errors or corrections, please email us at phil@wealthformula.com.  Donald Trump pretty much bankrupted the USFL by saying we’re gonna go head to head, uh, with the NFL instead of trying to build a a Spring Sports League. Welcome everybody. This is Buck Joffrey with the Wealth Formula podcast. Happy, uh, Thanksgiving week, uh, and uh, this week because it is a holiday week in, you know, football and all that kind of stuff that goes along with it. We’re gonna talk. About the economics of sports. And if you’re a sports fan like me, you’re gonna really like this. I really had fun with this interview actually. It was just like me asking a bunch of questions I always had. But anyway, before we get to that, I want to give you my 2 cents. One of the most important elements that I think there is give financial success in anything, and that is conviction. And I bring this up to you in part because Bitcoin sold off. Um, and well at least all the time, I’m recording this from a high of 126,000 and then it, it plunged actually below 90,000. And then of course, there were other cryptos that lost 50 to 90% of their value in the same time. Uh, yeah, it was a bit of a bloodbath. It’s been called a bloodbath and it is a blood bath. And of course, there are some who are declaring Bitcoin dead Again. Um, and you know what? I might even believe them if I hadn’t seen, uh, the same story, at least I’d say, I don’t know, maybe four or five times over the past I, eight years, nine years, whatever. True Bitcoiners though, have a tremendous belief in what Bitcoin means to the world and where this is headed. And some of them, well before I ever got in, right? I mean. That serious conviction because, you know, the people who were buying, you know, back in 2012, 13, I mean, this was completely outta nowhere, had no one’s, uh, no one’s support, nothing. In fact, in 2010, uh, you know, if, if you bought Bitcoin back then simply refuse to sell up until now, um, say you bought a thousand dollars of Bitcoin. You’d be sitting on hundreds of millions of dollars of Bitcoin, right? That’s the reward for true conviction. And those people, frankly deserve it. Because can you imagine if you just bought a thousand bucks or something and it was already up to a million, it was already up to 10 million and all the way up to 20 million, you still didn’t sell. I mean, I don’t even know if I could, I don’t know if I could do that. I don’t think I could. I mean, at some point I would be like, take the money and run. Right. Um. You know, it’s a funny thing though. The irony of this Bitcoin cycle that we have right now is that many of those individuals with, you know, super high conviction, um, the ones that were in way before any of us and before me, well, they’re actually, a lot of them are actually cashing out sort of the fruit of their patients. Right. Almost every day right now, you’re seeing a another wallet that’s been dormant since like 2011. And all of a sudden it sells. It’s something that has done nothing, but just sit there in storage, selling off a billion dollars into the market, probably, you know, started out as like 10 grand. Right? And where’s that money going? It’s going to the hands of Wall Street’s, going in the hands of, uh, governments. That’s actually the ironic part here. That’s why prices are tumbling. Because I think people are saying, well, gosh, we’re at a hundred grand. I’m sitting on hundreds of millions of dollars. I’m sitting on a billion dollars. Uh, I think it’s time to get out, right? But don’t be fooled, in my opinion, to think that these buyers are, uh, you know, they’re the dumb people holding the bag. I mean the, the people holding the bag, it’s Wall Street, right? They’re governments and reserves. And, uh, you know, big treasury companies, the story doesn’t end here. And the other thing is that Bitcoin story is not a one-off in history at all, right? In fact, you know, it, Bitcoin gets a lot of attention. But you even look at something like Amazon, right? December, 1999, Amazon stock trading at $106. Then the.com crash comes, and guess what? It fell down to $5 and 97 cents. That’s a Bitcoin like crash, right? And every talking had a eulogy written for the company. And if you were crazy enough to hold through that storm, your conviction paid off spectacularly. If you had $10,000 invested in Amazon in 2001, it’s worth over $20 million today. So anyway, that’s the point I have though. You know, it’s, the point is about conviction. Uh, and, and I’m not saying that you should just be dumb, buy something and be dumb about it, but especially on these asymmetric things where you think something could be really big, give yourself a time, a period, right? I mean. The only thing other than Bitcoin that I think I, I’m really interested in, in the crypto space is something called Solana. Solana is down like 50% from its ties, and I still think that, you know, when the dust settles, I think this is going to be something that’s gonna pay, pay off. Now if I were to watch it day by day, uh. It’s demoralizing, right? But, but I think the point is, if you have some conviction in something, give it some time. You know, say, I’m gonna watch this for at least five years if I can, if I don’t absolutely get into a situation where I need that money, which hopefully you don’t, because this is not where that kind of money belongs. Right? But give it some time and don’t look, there’s lots of noise, and, and, and then just give it some time and see what happens. Right? Now speaking of giving it some time, you know, a similar story in the sports arena in 1920, George Halas, I think it was Papa Bear, right? George Papa Bear. Halas bought the Chicago Bears franchise for a hundred bucks. Yep, a hundred bucks. Now the Halas family could have taken profits countless times, and they lived through lots of, uh, bad times. Depressions, uh, you know, world War, uh, a dozen recessions, five or six, uh, league restructurings, labor disputes, player strikes, decades of bad seasons. And maybe anybody else would’ve billed at some point if they’d made, you know, millions of dollars from the a hundred bucks. But they didn’t. And the Chicago Bears, as much as I don’t like the Chicago Bears, are valued over $6.3 billion. Now these stories, ultimately, they’re, you know, different time periods, different industries, but same lesson conviction, it’s one of the most profitable assets you can own or attributes at least. Maybe it’s not an asset, I don’t know. That’s a message I wanna leave you before we get into the topic of today, which is the economics of professional sports. Now, most people think of sports in terms of touchdowns, rivalries, super Bowl rings, all that kind of thing. But the truth is professional sports is one of the greatest wealth creation machines in American history, and few people understand those engines better than our guest this week. He’s one of the clearest, most respected voices of sports economics today. And he is gonna break it all down for us. We talk salary caps, streaming deals, team valuations. We talk about the Green Bay Packers and why they’re owned by the city of Green Bay instead of owners. All that kind of stuff that you might have wondered about but you never really knew. So if you’re a sports fan, enjoy it and happy Thanksgiving. We’ll have that interview for you right after these messages. Wealth formula banking is an ingenious concept powered by whole life insurance, but instead of acting just as a safety net, the strategy supercharges your investments. First, you create a personal financial reservoir that grows at a compounding interest rate much higher than any bank savings account. As your money accumulates, you borrow from your own. Bank to invest in other cash flowing investments. Here’s the key. Even though you’ve borrowed money at a simple interest rate, your insurance company keeps paying you compound interest on that money even though you’ve borrowed it. At result, you make money in two places at the same time. That’s why your investments get supercharged. This isn’t a new technique. It’s a refined strategy used by some of the wealthiest families in history, and it uses century old rock solid insurance companies as its backbone. Turbocharge your investments. Visit Wealth formula banking.com. Again, that’s wealth formula banking.com. Welcome back to the show everyone. Today. My guest on Wealth Formula podcast is, uh, Dr. Victor Matheson, professor of Economics and Accounting at College of Holy Cross. He’s a leading authority on sports economics, studying everything from the financial impact of mega events like the Olympics and World Cup, to the inner workings of professional sports leagues, lotteries, and public finance. Uh, welcome to the show. How are you? Well, thanks for having me. Great. Always happy to talk some sports economics. Oh gosh, this is interesting. I’m a huge, uh, I’m a huge sports fan, especially NFL and, uh, so, you know, instead of talking personal finance, you know, without, uh, without any, uh, uh, sports in it, this is definitely a, uh, welcome for me. So, um, well, vigor, let’s start, start with this, you know, um. Most of us who are big sports fans, you know, we’re really driven by the idea of the, the, you know, the, the emotion, the entertainment. Taking a step back from your perspective, how should we look at this whole ecosystem of sports as an economic system? Well, uh, first of all, it’s. It’s both bigger and smaller than, uh, than you would imagine. So if we think of the NFL, the NFL ha generat more revenue than any, uh, sports league in the world. Uh, this year it’ll come in somewhere around 22 ish billion dollars. Uh, that certainly seems like a lot of money. On the other hand, a Sherwin Williams paint store comes in at about that same sort of, uh, revenue, you know. On many podcasts talking about talking about paint, right? Um, if we talk worldwide, all the sports leagues all put together, uh, we’re talking about maybe a hundred billion or so, maybe 120 billion, roughly the same size as Johnson and Johnson. So, uh, you know, it’s a big industry. It’s a, you know, billions in with a B, but it’s also a tiny percentage of, of the total amount of economic. Being generated every year, and, and so we can easily get, uh, um, we can easily get ahead of ourselves and say, well, you know, uh, it’s the biggest company in the world, the NFL, it’s, it’s not even 500. Interesting. Um, so let’s talk a little bit about this, um, uh, how value is created in these leagues. So, so, you know, you said professional leagues are built on the economics of controlled scarcity. So talk a little bit about that, if you would, how this scarcity model drives value and, and, and protects, uh, uh, profitability. Right. So let’s compare, you know, let’s compare a Walmart. To the NFL, right? Uh, so Walmart takes a look at all these potential places that you could put a Walmart and they say, oh, this would be a good one. And a Walmart goes in. And now that Walmart’s generating economic impact and generating revenues for the, for the. For the company and all these sort of things. Now let’s look at the NFL, right? Uh, the NFL does the same thing. They said, Hey, uh, let’s look at Las Vegas. Would that be a good place for a, for a team? Uh, is is London gonna be a good place for a team? Uh, and they look at those. Uh, but here’s the deal. If Walmart looks at 50 places and says, Hey, these 35 would be good places. They’re not gonna just pick the best one for a franchise. They’re gonna put. Walmart’s in all of those, right? Uh, the NFL on the other hand, very specifically saying, you know, we actually don’t wanna put an NFL franchise in every place that we could, uh, make a profit in because we want to be in the, in a world where there are fewer NFL franchises than there are cities that want them, and that generates demand for this. Um, Walmart can’t do that because if Walmart doesn’t put in a franchise somewhere, uh, you know, Target’s gonna come in instead. Uh, that’s not gonna happen in the NFL, uh, because there’s no other competitor to that. So they can actually restrict the number of franchises they have, which means that every franchise is selling at a, a super premium price. These are, you know, at the lowest end, we’re talking five, six, $7 billion franchises. Now, uh, they could sell multiple new expansion franchises, but they choose not to. To maximize the value of those existing franchises. It’s been a while actually since the NFL expanded, um, the league. And I’m curious, what are, you know, what is it that drives them ultimately to do that? I mean, again, you just mentioned there’s this whole scarcity issue. I mean, what do you think are sort of the limitations or sort of the. You know, the, the, the points at which they say, well, gosh, maybe we do move to London, or maybe we do that. Like, do you have a sense of that? Yeah. So a couple things they wanna do. So first of all, one of the big things that all of the leagues in the United States have done is they want to be a big enough league to make sure that they cover all of the good spots or most of the good spots for a team. You don’t wanna leave enough good team locations that a rival league could come and start to challenge you. Right? So thinking back to the 1950s, uh, one of the most important sports leagues ever to come about in the United States. Actually never even existed. And this league is what was called the Continental League. And the Continental League in the 1950s arose as a challenger to major league baseball. Major League baseball in the 1950s was exactly the same size as it was in 1901. It was 16 teams. But the United States had grown immensely and the league had started to move, you know, the Dodgers to LA and the Giants to San Francisco, but you still had huge amounts of the country uncovered by baseball. And so this Continental League came about as an idea saying, you know what? We can take on Major League Baseball by putting franchises in places that it doesn’t exist. They said, oh, here’s our new eight league team. And the way Major League Baseball responded to that is before continental baseball could even start, uh, start existing, it said, oh yeah, well we’re gonna put a team in Minneapolis. We’re gonna put a team in Houston. We’re gonna put teams in these Lee in these cities that the Continental Baseball Association was gonna go into. And therefore, uh, continental baseball never got into existence because Major League Baseball expanded into those locations and everyone has taken that, that hit. You need to be big enough to make sure that every place with a, a good chance at having a team, or at least most of them, uh, are covered so that there’s 8, 10, 12 cities out there, uh, a big enough footprint that you could have your own new league. Uh, do that. So, I mean, if you look at the NHL, if you look at NBA major league baseball, NFL, all about 30 teams. There’s about 30 or a few more big cities. But what’s very important is there’s not 10 or 12 big cities out there, uh, without NFL teams, without football teams that. A rival league could move into that space. You know, I’m curious when you, you brought up that Continental league in baseball. It reminds me when I was a kid of, uh, the United States football, like the USFL and all, they got all these, uh, players, like I remember Herschel Walker started there and, and there was a number of actually guys who ended up in the NFL and being big stars there. So they, they definitely, uh, started out pretty strong. What went wrong for the USFL? It’s so funny you say that. Uh, the answer is actually one big, uh, name. It’s actually Donald Trump. Yeah. So, so what USFL did is, is they noticed that their niche was, um, was the spring, right? We play college football, we pay play high school football, and we play the NFL in the fall, which means that, uh, people out there in the spring, there’s no football out there to be had. The USFL said, you know, we could move into this market. So first of all, we’re gonna move into the spring where there’s not a rival. Second of all, we’re gonna take at least some cities where there’s not active, um, football teams either places like Birmingham, right? Uh, so any case, uh, what happened there is the USFL. Kind of got a little, its ego kind of got ahead of itself and it said, Hey, now that we’ve established ourselves in the spring, we do have some big stars like, uh, uh, Herschel Walker, like Doug Flutie, uh, some of these others. We’re gonna try to take the, uh, take the NFL on, uh, head to head and we’re gonna move from the spring to the fall. And the other thing they did that was very important is they filed a lawsuit against, uh, the NFL, saying that the NFL was engaging in antitrust activity that was keeping this rival league down. It was, uh, keeping them off TV by using their market power with some of the broadcasters. It was using its market power with stadiums to keep these teams out. And so they took him to court, and I think the, the hope was that there would have to be a settlement and that settlement would result in the USFL merging with the NFL. And the owners of the big teams in the USFL would kind of get a backdoor into the NFL this way. As it turns out, the court, in fact did find in favor of the USFL. Uh, they said yes, the NFL is engaging in illegal antitrust activity, but they also said. You guys are insane. Uh, going against the NFL in the fall, there was no way you’re gonna make it. So even though the NFL was found guilty, the jury only awarded $1 of damages. Uh, technically in antitrust cases, that’s tripled. So they actually were awarded $3 in damages and the league basically folded the next day. They won their lawsuit, but they folded the next day. But of course, the owner that had most. Most importantly pushed the league to go head to head against the NFL was the owner of the new, uh, New Jersey team, the Generals New Jersey Generals. Right? And it was Donald J. Trump. Donald Trump. Uh, so Donald Trump pretty much bankrupted the USFL. By, uh, by saying we’re gonna go head to head, uh, with the NFL instead of trying to build a, a Spring Sports League. Now, to be fair to Donald Trump, which I don’t necessarily want to be, but to be fair to him, um, there’s no guarantee that the USFL would’ve made it as a spring league either, but I think anyone, again, a jury looking at this said there was just no chance of that league, uh, surviving against, uh, the NFL. If you try to go head to head in the poll. Just, just outta curiosity, uh, you know, there, when you talk about Trump, I know like he’s had an interest in, you know, professional football teams for a long time where he did, at least, there’s a certain politics that goes into buying an NFL team as well, right? Right. So the NFL is a partnership. Yeah. Which means that they can choose who they decide to partner with. And, uh, the presumption was, uh, in the 1980s when Donald Trump was trying to become an NFL owner that Donald Trump, uh, neither had the money, nor had the friendships among other NFL player, uh, NFL owners, uh, to get into that very exclusive club. And so again, he was able to get into the USFL because it was a much lower buy-in, in terms of, of cost. The USFL owners couldn’t be as picky about who they wanted as fellow partners, and again, I think Donald Trump saw the USFL as a way to potentially get into the NFL through the back door through this lawsuit, and, and by moving directly in the, in the fall because the jury just didn’t find that, that there was any plan. By which the USFL teams could have ever become profitable, uh, going head to head in the fall against the NFL. Let’s talk a little bit about sort of valuations, because what’s interesting is, you know, you’ve talked about scarcity and, you know, the way that the leagues have manipulated, uh, that to make sure that there, you know, the values continue to grow, but at some point in the last 30, 40 years, the numbers just really skyrocketed, right? Where these football teams, you know. It wasn’t a straight line in terms of how much they were worth. What, what went into that massive inflection of, uh, of, of valuation? So, first of all, I think you’re exactly right. There has been this massive inflection. Uh, so I’ve been teaching sports economics since the 1990s and, and the 1990s were kind of at the end of an era where this was really one of the sames back in the seventies, eighties, and even as late as the early nineties, that if you wanna become a millionaire. Start out a multimillionaire and then buy a sports team because it was a, it was just a, uh, a dumpster fire that you could just burn up cash without any hope of any sort of real return. And that changed in probably the late eighties, early nineties. That really changed, uh, a couple things. Change that, uh, first of all. By the nineties and certainly by the two thousands, um, most of the big professional sports in the United States had solved lots of their labor relation problems with the, with the athletes. So there was always this question about, uh, you know, do athletes have the ability to bargain with other teams? Are they able to get free agent, uh, agency, are teams going to be constantly fighting and, and spending every dollar that they can down to the point of bankruptcy to buy that superstar team? And what happened again in the nineties, starting in the eighties through the nineties and the two thousands is pretty much leagues have, uh, agreed to a world where. We’re gonna limit the amount of spending, uh, that we’re gonna do on players so that we’re not all bankrupting each other, bidding for players. In order to get the players to go along with that, we come to an agreement that we’re gonna share basically half the money with the players. And that’s exactly how the NHL works, the NBA works and the NFL works. Major League Baseball is not like that yet. And we may see not this season, but the next one, um, them trying to finally join ranks with the other, uh, with the other leagues. Uh, the question is whether we’re gonna see that happen without a gigantic, uh, work stoppage that. You know, some people who are pessimistic think we’re, we may not have baseball at all in 2027. 2026 is fine, but 20, 27 may, may fall. So as soon as like your costs are all covered up, that you know that everyone is kind of playing on a level playing field. Once we know that we don’t have to worry about bankrupting ourselves. We are only paying players, what we’re bringing in as revenue. All of a sudden, this is a fairly safe investment in a way that it never was prior to, you know, this all dying down. Couple other things going on here as well is, of course, the country’s gotten bigger. We have gotten bigger, but without adding additional, many additional franchises, which means, uh, those, those tickets are becoming increasingly expensive. We’ve gotten richer in a, in a skewed fashion, so that, uh, that of course the rich have gotten richer, a lot faster than the poor have. But of course, going to a baseball game, especially with those luxury boxes and things like this, is, uh, an activity that is reserved for the wealthy. And as the wealthy have gotten more, uh, uh, have gotten, you know, increasingly rich, uh, that means that. You know, businesses like Major League Baseball in the NFL that cater to the upper class, uh, do disproportionately well. And the last thing, and I’m sure you’ve talked about, uh, this before, is on your show, obviously you can have, um, you can have investments that are irrational as long as you think there’s someone later that’s irrational, that you can, you can hand it off to, right? This is, this is all the Greater fool theory. Uh, although I don’t think necessarily in this case, the, the owners are fools, but. Sports teams are a toy of billionaires that you say, well, look, I, I am, I’m a Mark Cuban. I’ve made billions of dollars. Now I want to spend some of my, my money on a, a fun asset. You know, you and I might collect a baseball cards. Mark Cuban might collect baseball teams, right? Uh, so, uh, in a world you might be willing to overpay because you wanna be a sports soldier and you wanna rub elbows with. You know, KA Leonard, you wanna rub elbows with, uh, with, with Shhe Tani. Um, and you may be willing to overpay for that asset, but guess what? 20 years down the way, there’s still gonna be another billionaire who wants to rub elbows with that next generation of superstars. And so you’re fairly sure that the next time when it comes to sell your franchise, there will be another person who’s willing to pay a premium for that asset as well. So again, as we’ve gotten more billionaires, more billionaire wealth, um, this is something that, uh, you know, has attracted folks like Steve Ballmer to, to part with, with big money. And, uh, again, as billionaire assets have grown, uh, the ability and the desire to buy these teams has grown as well. I would think a major driver of the value. Is also coming from, um, the, the media sources, uh, that are changing, right? Where, I mean, I remember, you know, again, being a kid and there was this, you know, there was Monday night football and it was on NBC and. And that, that’s how it worked. But now there’s like bidding for these things and you’ve got Amazon, uh, doing Thursday night football, which is a little weird. Um, and you know, you sometimes you have, uh, uh, you have games on Peacock. What’s going on with that? How does it affect the economics? Uh, and ultimately, like where is this headed? So, uh, in a, in a league like the NFL, uh, over 60% of all revenues that they generate is media revenue, right? Because most of us aren’t going to games every day, uh, too expensive for us, or too time consuming or all sorts of other things. But, uh, lots of us tune in on tv. So we’re talking about, uh, well over $10 billion of annual media contracts with the NFL. Um, and those numbers have been going up, uh, at least in part because you have media companies, uh, in a pretty competitive environment bidding against one another for these things. Now, one of the things about, again, things like the NFL or the NBA is it allows broadcasters or other types of TV networks to bring in customers in a way that their regular programming doesn’t. So a, a company may actually be willing to overpay for the NFL, kind of as a way to get people to buy all of your other products. A famous example from early days, uh, is, is Fox, right? So in the old days there were three big networks. So old days, I’m talking, you know, 1970s, there were the three big networks, right? There was A, B, CNB, C, and CBS, and they all competed against one another. And then in the 1980s, this rival network came up and this is Fox. And they wanted to get into all these markets nationwide. Well, how do you make sure that a. A local station decides to pick up the Fox programming. So for example, I grew up in Denver and Denver had a, had a, an independent channel that, you know, played reruns and all sorts of other things, and, and so they have a broadcast license already. Fox goes up to them and says, Hey, would you like to carry our regular programming? And, and that, that channel said, well, I don’t really think so. We’re doing fine showing Gilligan’s Island and Love Boat and things like this, and we don’t need, uh, an entire set of your programming. We’re doing just fine, as as it is. Uh, so Fox couldn’t get a foothold in that Denver market. So what Fox does is they buy rights to the NFL. All of a sudden now they go back and say, Hey, we’ve got all this Fox programming, we’ve got the Simpsons, and we’ve got, I don’t know, uh, you know, uh, you know, these early, these early Fox programming. But, um, they say, but we also have the NFL. You can’t, you can’t turn down the NFL. And then all of a sudden that existing affiliate says, okay, all right, we’ll add the whole line of Fox programming because you’re right, we can’t turn down having the NFL. So what, what basically happens here is the NFL serves as this kind of must stock item. And uh, you know, Fox was willing to overpay for the NFL because now they’re gonna get everyone to be able to buy the Simpsons and everything else they were offering at the same time. Uh, and so media rights have gone much, have gone up much faster. And we see this all over the place, right? How do you get people to buy. Amazon Prime. Well, let’s say that’s the only way you get to watch, uh, football on Thursday nights. How do you get people to buy, you know, apple tv? You offer major league soccer games as part of their package, right? Uh, and so this is how you kinda legitimize yourself as an actual, real, uh, you know, quote real media company is by offering some, uh, live. Live sports. And that gets people who would not otherwise buy Netflix or Amazon Prime or Apple, uh, to actually purchase those because again, they’re offering this secondary item. Then presumably that in turn drives up the value of of the NFL and you know, they’re bringing in a lot more money because they’ve got not just the three major networks bidding on them, but they’ve got all sorts of big companies with deep pockets. Willing to, you know, increase their, their, their revenue is and, and that sort of snowballs. Is that, is that fair? No, and that’s exactly right. And, and for as much as I talk about, you know, that billionaire who wants the an NFL team or an NDA team as a. Prestige asset. Uh, they’re also concerned about having it as an actual functioning asset as well. So I’m willing to pay, you know, a lot more, even if I’m willing to pay a premium. That premium is based on a fundamental value in the first place. And how do you drive that fundamental value? You drive that fundamental value by maximizing the revenue you generate through things like media contracts, and by maximizing. And by minimizing your costs, by making sure that your labor costs aren’t gonna run away with you, uh, because again, hopefully you, uh, most of the leagues have solved kind of their long-term labor, uh, their labor strife between them and the players within each league. There is also some different rules, and specifically, again, being a big NFL fan, I love the fact that the NFL has a salary cap and profit sharing for each team. ’cause it makes for a much more competitive league, basically, you know, for people who don’t know what that means, essentially each team can pay, has a salary cap of how much they can pay players for a given year. But not all of the leagues have that. Uh, I don’t really follow the other ones. I, I’m not sure who has it, who doesn’t, but I know that, like in baseball, I don’t think they have that. And it creates a situation where you’ve got the Dodgers or the Yankees in, in, in the World Series. More often than not, and you know, you’re not getting the smaller teams usually. No. So you’re exactly right. So the NFL has what’s called a, uh, a salary cap, and it’s actually got what’s called a hard cap. So they’re actually quite serious about this, and there are very few exceptions that can be made to go over this cap. Uh, this cap is based on the total amount of revenue that’s being generated by the league. Uh, and again, the cap basically is the way that they make sure that they share. A fair proportion of the money with the players. Uh, what’s also important is they also have a floor. So the, the cap this year is about 225 million, if I remember right, but the floor is about 200 million. So every team in the league basically is spending the same amount on labor this season, which makes for a very even playing field. And we know that some teams are gonna lose and some teams are gonna win. And it seems like the Browns and the, and the jets never win. And it seems like other teams always do. But what’s important about that is it’s not just because they’re in a big city, that they have these gigantic revenue advantages and that they can buy a championship. It really is, you know, who is smartest with their money, who’s smartest with your coaching, who’s lucky with the draft and things like this. And, uh, that makes for a very nice thing here. What’s also super important is the NFL has a gigantic amount of revenue sharing, and the reason for this is every single game you watch on TV is part of a contract that’s being sold by the league, not the team. And because of that, the league is generating all these, all this revenue, and then is equally distributing that money to each of the individual teams. So a, a team playing in little tiny Green Bay is generating exactly the same amount of media revenue as the New York Giants. Or the LA Rams. So that’s really nice. Uh, again, gigantic amounts of, uh, again, even revenue sharing to all the participants. As a matter of fact, of all of the businesses in the United States, the NFL is probably the single most socialist company. In the United States. So this Great American pastime is wildly socialist when it comes to how they distribute their, their income. So what incentivizes a team to be better and to win Then from the ownership standpoint, if there’s revenue sharing, is it just at the, the other sources of income that come, like advertising, things like that. I’m, I’m just curious, like if there’s so much revenue sharing, what is it that drives a team to, you know, try to be better from the ownership standpoint? So first of all is that being bad doesn’t help you, right? This isn’t major league baseball, so we’re gonna go the o. The other extreme, at least for a US sport, is major League baseball. No, uh, salary cap there at all. So you can pay, uh, players as much as you want, although there is what’s called a luxury tax. So as you, as your, uh, salary, your total payroll gets too big, you start getting, uh, uh, paying penalties to the league, which is then redistributed to the poor teams in the league. That being said, you can spend as much as you want. So yeah, the Dodgers, they spent somewhere, uh, by some accounts somewhere around $400 million this year on talent, including, you know, gigantic contracts to folks like Shhe, Tani, right? Um, but there’s also no minimum either. So if you’re a team that decides, hey, we’re not even gonna bother to try to compete this year, uh, you are the. I don’t know to, if I should call them the Oakland A or the Las Vegas a a or the Sacramento A or the Traveling through the desert, sort of a for a while. Um, but, you know, this is a team that made a decision not to compete and had a, had a tiny payroll. Uh, other teams have decided to do this, and the, and the NFL you could decide that you didn’t wanna win. But it wouldn’t save you any money because again, not only is there a salary cap, there’s a salary floor. So if I have to pay $225 million each year anyway, I might as well try to win with that 225 million. Uh, ’cause I don’t have a choice to just collect my paycheck and hire, you know, the Minnesota Gophers for $20 million, uh, for my, for my team this year. ’cause that’s not an option. Right. Um, one of the things I wanted to just kind of, uh, drill down a little bit on is the model of the Green Bay Packers. As you um mentioned, it’s a tiny little town, northern Wisconsin. Uh, not much going on there. I’ve, I’ve been there myself for a game. It is unique in that it is owned, not by billionaires, but it’s owned essentially as by the fans. How, how does that work? And, and I guess the question is like, why, why aren’t other teams modeled that way? So other teams are not modeled that way because the NFL does not want other teams to be modeled that way, nor do any of the other, uh, major leagues out there. Uh, it’s not good for the NFL for a couple reasons. Uh, first of all. They have to open their books. If it’s a public company and they don’t like to open their books, um, you also don’t have a face for that, uh, league in a way that, that a person couldn’t, couldn’t be in there, uh, pouring extra money in as a kind of a, an, an angel investor. Uh, on top of that, uh, you can’t threaten to relocate to another city unless you get taxpayer subsidized. Um, you know, uh, stadiums and things because it’s a publicly owned team and we know that, that those public owners will not ever decide to move that team out. How did they get that status in the first place? That’s an interesting story, and it’s a story that’s not unique to. The Packers, but it is fairly unique to the United States. So, uh, in the rest of the world, this type of ownership model actually is fairly common. Um, teams that your, you know, listeners would’ve heard of, like Barcelona, like Al Madrid, these are club owned teams. Um, there is not an owner there. They are owned by the fans themselves, and they’re in the business of. Trying to stay in business every year while winning as many games as possible. Uh, there is, they’re not trying to win trophies for a, a Steinbrenner or a Mark Cuban. They’re trying to win, uh, trophies for that fan base. That literally, again, the, the season ticket holders are those owners. Um, the NFL itself, you know, was, was a very hard Scrabble league for a long time. It started in 1920, uh, and between 1920 and 1935. Roughly 55 teams played at least one season in the NFL. And of those 55 teams, basically all but about six of them, had gone outta business or relocated at some point in here. Uh, this is why actually we got such a socialist, uh, uh, business model here is because the owners of the big teams, the owners of the bears. Uh, the owners of the Giants, uh, they said, look, you know, this league isn’t gonna work if we can’t actually find someone to play. And yeah, we’re making money here, but we’re not gonna continue making money if we can’t find other teams that are gonna work in this league. So they said, Hey, we are gonna be very generous. We’re gonna make sure that, that we share our revenues with the people, uh, the other people in our league. We would rather have a small piece of a big pie, uh, than a big piece of a pie that is tiny or disappears completely. Uh, so that’s why we ended up with this, uh, revenue sharing. And of course they were very open to any sort of model that kept stable teams around, including a model where rather than some rich owner in, in Green Bay owns that team. Instead, it’s a municipally owned team. As long as that team had stability and conform long-term rivalries and can afford to put forward a product that’s gonna, that’s gonna work on a, you know, on an NFL field to make a competitive product, they were happy to kind of do whatever they needed to do because again, this was a, this was a really tough league to be in. For the first roughly 20 years with, you know, a lot more successes. There’s been a lot of talk, uh, I know about private equity entering the, uh, the NFL. Tell us, give us a little bit of an understanding of that. I mean, obviously, I, I kind of think of these owners in these buying groups as private equity already, so what’s the big deal? Is the point. So in most sports leagues have already allow private equity and already allow ownership groups with multiple owners, uh, to, to own teams. So again, uh, you know, the, the Red Sox, they have multiple owners of, of that team. Uh, again, Celtics, same sort of thing. Um, but in the NFL we have required basically one owner, right? So this is a, a person. That owns the team and is the face of the team and is this controlling majority owner, uh, they’re going to explicitly allow external people unrelated to the ownership group, to own pieces of NFL teams here. Uh, and I think the, the real issue here, uh, has to do with, uh, there are some franchises in the NFL where the owners are asset rich, but cash poor. I’m thinking actually, for example, the Bears. So the bears are still owned by the same group. Who bought the Bears back in 1920 ish. Right? So this, you know, the, the same family, the Halas, uh, have owned this team for a hundred years. Uh, by this point, you know, little pieces of the team have been handed down to all the cousins and the grandkids and the great grandkids and this sort of folks. Uh, so, uh, you know, I think in total there’s something like 86 different owners of the, of the Bears now, but they’re all part of that original ownership group that everyone. You know, has inherited a little, a little share here. Now mind you, you know, one 86th of the, uh, of the bears is like a hundred million dollars. You know, the bears are probably an $8 billion franchise. And so that’s a hundred million dollars of assets that each one of these grandkids has just because, you know, their grandfather made a smart, uh, smart investment a hundred years ago. Um, but it doesn’t mean that they can live the lifestyle of a person with a hundred million dollars. Because they’re not allowed to sell their share to anyone because private equity was never allowed. And the amount of money that that team is actually generating in terms of annual operating profits isn’t super high. So you’ve got a world where you’re wildly rich, but you can’t really do a lot with those riches. So you know, this is a team that would be prime for the idea of, well, let’s sell off 20% of this. 20% of the team is gonna be maybe a couple billion dollars. And, and then we will just share that basically it’s a big Christmas present to each one of these, uh, these kids here. And again, the, the thing here is that’s $2 billion in cash that each of these small minority owners gets rather than, you know, an asset that they can’t actually use. To buy a yacht in Monaco. Right? And so that’s giving these kids, or the, you know, these minority owners an option to basically, uh, you know, get liquidity for their ownership. And, and that’s the big difference, right? And of course the other thing is, is there are lots of wildly rich people who would like to be an owner of a team in a way that you could do that 20 or 30 years ago by being just a, you know, just a multimillionaire or a multi, multi multimillionaire. That was enough. Uh. You know, you can be a billionaire nowadays and not have nearly what it needs to become an owner in one of these big groups. So, uh, you know, if we think about, uh, Arod, right? Arod bought, uh, the Timberwolves, uh, in the NDA, um. But he couldn’t do it alone despite the fact that he was, uh, you know, for 10 years the highest paid athlete in the world, you know, signed the single biggest contract, uh, in the history of professional sports, uh, when he did so. Uh, and even a guy with that sort of money doesn’t have enough money to buy a sports franchise. So, uh, I think the NFL is, you know, looking down the, the road to a, a world where. Someone wants to sell, but there’s not that many folks with $10 billion out there. And so the idea that we were gonna keep a, a world where there’s gonna be one single owner forever, uh, you know that that’s a pretty small pool of people in a world where you’re thinking about selling franchises at $10 billion. But if we allow these to be sold private equity wise. Then people can live their dream of being a sports owner, you know, for a mere couple billion dollars. And of course, that increases the pool of, of potential people by a lot. You know, you, you mentioned, um, during, just a minute ago in, in passing that these teams don’t actually necessarily throw off a lot of cash. They’re not, you know, they’re not super profitable. It’s not like a bunch of money’s being distributed to owners. Uh, can you talk a little bit about that? I, I didn’t know that actually. Sure. So a bunch of these teams in, in fact, in terms of operating revenue, don’t actually generate gigantic amounts of, of money every year. Uh, again, taking an an NFL team, so an NFL team is gonna generate, you know, somewhere around $500 million, maybe six or $700 million a year, but you’re already competing about 250 million of that to, uh, to the players. So half of that revenue coming in automatically is going to the players. If you built yourself a new stadium anytime recently, obviously you could have big payments on that. Uh, there’s other operating expenses associated with that. Um, in, in a world where you’re not the NFL, but you’re a world like, uh, major League baseball, where. You have much more variability in your, in your player costs year to year and more variability in your revenue. Uh, you could easily end up with years where you’ve got negative cash flow or at least negative profits, and, uh, and that means that you need, you need to be able to weather that. And so of course that’s one of the reasons, for example, why the NFL, you know, wouldn’t just take anyone as an owner, you need to be for sure rich enough to, uh, to weather both the ups and the downs. Again, if you borrowed any money to, uh, to purchase the team, uh, that’s obviously a big, uh, big interest payment there as well. So you could easily have teams again, depending how the owner purchased that, that are not kicking out gigantic amounts of cash on a year to year basis. One of the things that I’ve been hearing about, I don’t really know how this would work, is the, is of private equity moving into potentially like college sports. So we’ve seen some changes in, uh, for example, in college football where now these players can legally get paid. So it’s, it’s starting to look more and more like a professional. Uh, professional league. So how would that work if you’ve got private money essentially buying, uh, the sports teams of an individual university? Or maybe I’m not, maybe that’s not exactly what’s happening, but that’s kind of the impression I got. So first of all, that is exactly what could be happening and, and what people are talking about. Uh, I am deeply skeptical that this is a good idea for the institutions involved. Um. So basically it works exactly like any other sort of, uh, sports franchise, right? Uh, basically you would have an owner, uh, you know, let’s call him Mark Cuban, although he’s not, you know, he’s, he’s not talking about doing this. But imagine Mark Cuban decided he wants to buy, uh, Ohio State, right? Uh, so he comes up with a a billion dollars hands over a billion dollars to Ohio State. And now Mark Cuban is the recipient of any revenues being generated by the Ohio State, uh, program here. Um, and so this works like, just like anything else, right? So this is, this is basically, um, a person like bringing money in, in exchange for a piece of the action. Uh, the reason I’m highly skeptical about this because. Uh, remember the name of your university is very, very strongly tied with the name of your athletic program, right? So, you know, the Ohio State University is the name of both the educational program as well as the, uh, you know, the sports teams, right? And so, uh, one of the reasons that that schools have sports teams in the first place. Is as a method of advertising for their other things, right? So they, they use spectator sports to bring in the students to, uh, bring in, uh, actually, you know, public taxpayer money, all sorts of things. Um, and of course if the school controls the money from the, uh, you know, controls the athletic program as well as the academic program, then we can presume that the interests of the athletic program and the academic program are aligned. As soon as you’ve sold off your, your athletic program to an external, uh, you know, an external buyer, then you have every reason to believe that the incentives of that athletic program, the incentives of the. Academic program are no longer aligned in, in a way that is useful. Um, for example, you could have that, that equity person say, you know what? I’m gonna make money no matter what, and I’m just gonna tank all of our programs because I’m gonna generate more revenue by spending less. And that’s what maximizes my profit. But that may very well harm the academic side. And so if you allow, you know, private equity to come in and they have any control. Over that, uh, athletic program, you basically outsourced an extremely important part of your business while still meaning that your business in the athletics is, is importantly tied to the other parts of your business that you haven’t outsourced. And, uh, that makes me deeply concerned for anyone who would consider going down this route. Is, is that likely to happen, do you think? I don’t think anyone who makes predictions about college sport to this point, uh, can, can do that with any certainty at all. It’s fascinating stuff. Um, and one last question I guess for you, which is, you know, we talk about like people who own teams, uh, being, you know, multi-billionaires. Um. Is there any way that fans can still get a stake if they’re just simple millionaires? Is that just not something that’s po un unless you’re live in Green Bay, I guess, is that pretty much non-existent? So it depends what you’re interested in doing, right? So if you’re a mere multimillionaire, uh, you’re not gonna become an NFL owner. You’re not gonna become an NDO owner. Right. Mm-hmm. Um, if you’re very famous and a multimillionaire, you might be able to come into an ownership group because they want you as the face of the organization. Right. Um, one example of this was George W. Bush who came in with a very tiny ownership stake, uh, when, uh, he bought the Texas Rangers and he owned about. 2% of that, that team. But he was the face of that because he was the son of the president. Right. Uh, and, and then when the Rangers did well, uh, you know, he, he made a fortune doing that as well. So, um, the answer is generally no. But as long as your heart isn’t wedded to the NFL or NBA, there are certainly options that you can come into. Right. Um, we have seen. One tier down, uh, buying into things like the WNBA or the, uh, NWSL in women’s soccer or, uh, or women’s basketball. Uh, even that’s become pricey nowadays. These are a hundred million dollar franchises now these days. Or you can take chances with lower level, essentially minor league, uh, soccer in the United States or, uh, elsewhere, uh, in, in the world. And I think you know where we’re going here. So if you’re a merely. Multimillionaire, uh, and you’re a, a famous, uh, movie star or two, you could put your money in and buy a football or soccer team in Wales, uh, called Reim. Right? And of course, that’s exactly what Ryan Reynolds did. And Malaney and, uh, you know, they did not have anywhere close to NFL money despite being famous guys, you know, big movie stars, you know, you know, tens of millions of dollars in, uh, in money. They’re nowhere close to being NFL owner money. Guess what they were wreck some owner money and, uh, they get all the fun and excitement of being an owner without needing to be a billionaire. Interesting. Well, listen, uh, I, I appreciate all your time and, uh, it’s, it’s fun for me personally as a sports fan to see how this stuff works. Um, do you have a site where you write, do you have people curious about this stuff or, or how can they learn more? So how people can learn more is, uh, is there is some fun sports economic stuff out there. Uh, the classic, uh, book in sports economics is of course Moneyball by Michael Lewis, who of course is a great writer about all things finance and, and people who are interested in, in general interest books about, you know, all sorts of things related from to the tech boom to, uh, obviously the financial crisis of the two thousands to. His early days in, in junk bonds in the 1980s. Uh, Michael Lewis is one of the, one of the great writers out there. Um, uh, other fun books by colleagues of mine, uh, omics by Stephan Semanski is, is a fun one. Uh, and, uh, you know, you can catch up, uh, with some, uh, some. Other podcasts that, uh, that follow these sort of things, including Freakonomics has often things on sports that are, that are fun as well. Uh, unfortunately if you wanna, you know, hear from me, it’s all textbook stuff and then I’ll have to give you a grade. And so probably that. Uh, but again, it, it’s a great time to be a fan of sports and of economics ’cause there’s just so much good stuff out there. Thanks so much for being on the program today. Again, my pleasure. You make a lot of money, but are still worried about retirement. Maybe you didn’t start earning until your thirties. Now you’re trying to catch up. Meanwhile, you’ve got a mortgage, a private school to pay for, and you feel like you’re getting further and further behind. Now, good news, if you need to catch up on retirement, check out a program put out by some of the oldest and most prestigious life insurance companies in the world. It’s called Wealth Accelerator, and it can help you amplify your returns quickly, protect your money from creditors, and provide financial protection to your family if something happens. Steve, the concepts here are used by some of the wealthiest families in the world, and there’s no reason why they can’t be used by you. Check it out for yourself by going to wealth formula banking.com. Welcome back to the show everyone. Hope you enjoyed it. And, uh, once again, uh, I wanna just wish you a happy Thanksgiving and, uh, thank you for, you know, being a listener of this show. And one more thing, just a reminder, uh, we are heading into sort of the last month or so. Of, uh, investment possibilities in the investor club. Wealth formula.com is where you go to join that group. And if you’re looking for a last minute tax mitigation type investment, make sure you sign up as soon as possible. Uh, that’s it for this week on Wealth Formula Podcast. Happy Thanksgiving. This is Buck Jre signing off. If you wanna learn more, you can now get free access to our in-depth personal finance course featuring industry leaders like Tom Wheel Wright and Ken McElroy. Visit wealthformularoadmap.com.

Bitcoin's brutal drawdown has traders asking whether the market finally found its bottom, with price testing $90K multiple times, sentiment crushed into extreme fear, ETF flows bleeding out, futures slipping into backwardation, and institutions stepping back; in today's episode NLW breaks down the case for and against a bottom through technicals, macro shifts, leveraged positioning, while also covering Kraken's $800M fundraise with Citadel involvement, Tether's strategic investment in Ledn, new OCC guidance allowing banks to hold crypto for gas fees, and the first slate of Solana ETFs launching into choppy markets. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/@TheBreakdownBW Subscribe to the newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://blockworks.co/newsletter/thebreakdown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownBW

Bitcoin just cratered under $90K, but what if the crash is the setup? From global carry trade meltdowns to subpoenas and sovereign dip-buyers, the real story isn't collapse, it's accumulation. This might be the most mispriced Bitcoin has ever been.SPONSORS✅ Ledn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.nmj1gs2i.com/8LJN3/9B9DM/?source_id=podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Simply Bitcoin clients get 0.25% off their first loanNeed liquidity without selling your Bitcoin? Ledn has been the trusted Bitcoin-backed lending platform for 6+ years. Access your BTC's value while HODLing.

Pete Day of Mosko Moto reveals what it takes to build a premium adventure motorcycle gear brand from the ground up. He explains why product quality is the foundation of everything, how they design for hardcore users who demand maximum utility, and the balance between innovation and accessibility. Pete shares insights on maintaining premium status while staying within reach of working riders, building community through 50+ annual events and multi-day riding experiences, and growing his Instagram to 90K+ followers. The conversation ends with Pete's definition of success and why the interesting path beats the efficient one every time.A few topics from the episode:The product-first philosophy: "Nobody wants to be in your community if your product sucks"Designing for hardcore users: maximizing utility for riders who push gear to its limitsThe danger of detaching into an "ivory tower" of premium pricing and exotic materialsWhy Mosko attends 50+ events annually and hosts multi-day riding and camping experienGrowing a personal Instagram following to 90K+ while staying authentic to the sportLinksMosko MotoPete's Instagram @moskopeteKuiu Purple Cow by Seth GodinDusty Lizard campoutFor more about the KORE Outdoors Podcast, visit https://koreoutdoors.org/podcast/The KORE Outdoors Podcast is supported by the Province of British Columbia.

Bitcoin has dropped below $90K and everyone's panicking, but is this actually a bear market or just another normal pullback before new highs? We break down what the top analysts are saying right now, take a look at the Michael Saylor Strategy drama, and reveal whether institutions will save crypto or destroy it when things get tough. You'll hear:  00:00 - Bitcoin's Down 28% But This Number Proves We're NOT Done Yet 06:04 - Fear & Greed Index Just Hit 10: What Always Happens Next 08:38 - Why Institutional Adoption Could Actually DESTROY Bitcoin 13:11 - The Fed Reset That Changed EVERYTHING For Crypto 16:48 - Only 3 Coins Are Up Right Now (Here's What They Tell Us) 20:39 - Michael Saylor Responds to the Strategy Scandal 24:23 - I Just Moved 75% Into Bitcoin: Here's Why I Got Defensive … and much more! Want to see what we're looking at every episode? Watch the YouTube version of the podcast here. Ready to start? Get $10 of FREE Bitcoin on Swyftx when you sign up and verify:  https://trade.swyftx.com.au/register/?promoRef=tappingintocrypto10btc  To get the latest updates, hit subscribe and follow us over on the gram @tappingintocrypto or X @tappingintocrypto If you can't wait to learn more, check out these blogs from our friends over at Swyftx. The Tapping into Crypto podcast is for entertainment purposes only and the opinions on this podcast belong to individuals and are not affiliated with any companies mentioned. Any advice is general in nature and does not take into account your personal situation, if you're looking to get advice, please seek out a licensed financial advisor.

Anthony and John Pompliano dive into bitcoin's latest price action — from the sharp sell-off and rising bear-market fears to what long-term investors should actually do right now. Anthony gets personal, breaking down how he invests, how he thinks about buying vs. selling, and why he separates the “gambling table” from the “long-term lounge.”======================Simple Mining makes Bitcoin mining simple and accessible for everyone. We offer a premium white glove hosting service, helping you maximize the profitability of Bitcoin mining. For more information on Simple Mining or to get started mining Bitcoin, visit https://www.simplemining.io/======================DeFi Development Corp. (Nasdaq: DFDV) is pioneering a new category in crypto investing with the first Solana-focused Digital Asset Treasury. DFDV offers public market exposure to Solana's growth, yield, and onchain innovation, offering investors a leveraged way to participate in a trillion-dollar opportunity. Learn more about why Solana and why DFDV at ⁠SolanaTo10K.com⁠.======================Bitwise is one of the largest and fastest-growing crypto asset managers, with more than $15 billion in client assets across an expanding suite of investment solutions—including the world's largest crypto index fund—plus products spanning Bitcoin, Ethereum, DeFi, and crypto equities. In addition to managing assets, Bitwise helps investors stay informed about the fast-moving crypto market. Every week, CIO Matt Hougan breaks down what's happening in crypto in five minutes or less. Read the latest at https://experts.bitwiseinvestments.com/cio-memos. Certain Bitwise investment products may be subject to the extreme risks associated with investing in crypto assets. Visit https://bitwiseinvestments.com/disclosures to learn more.======================Timestamps: 0:00 – Intro1:17 – Bitcoin: what is going on?8:31 – Comparing past cycles & long-term lounge mindset13:25 – Thinking through macro, liquidity, & gold18:18 – How average investors should think about bitcoin30:38 – Thinking through volatility & investing strategies36:51 – Will bitcoin be above or below $90K at end of the year?

En este episodio analizamos un inicio de semana tenso para Wall Street, marcado por temores sobre deuda corporativa, caída en activos de riesgo y señales de desaceleración económica:

Rich 'sniper tourists' allegedly paid $90K to shoot civilians -- including kids -- during 'human safari' trips to Sarajevo J.D. Greear on X: "Jesus’ main purpose on earth was not to teach great morals or to do great miracles. His main purpose was to go to a cross to pay the price for our forgiveness. Full sermon: https://t.co/YlnQ3MIGe9 https://t.co/Jap2cCyfA5" / X It’s Here: Gen-Z Revival Hits Campuses This Fall Meet chatbot Jesus: How churches use AI to save souls — and time Voice of the Martyrs’ Todd Nettleton Warns of Rising Global Christian Persecution: 'We Need To Get Ready' Philippians 2 NIV - Imitating Christ’s Humility - Bible Gateway See omnystudio.com/listener for privacy information.

Episode 1836 - brought to you by our incredible sponsors: Better Help - BetterHelp therapists work according to a strict code of conduct and are fully licensed in the US. Our listeners get 10% off their first month at BetterHelp.com/HARDFACTOR. Lucy - Let's level up your nicotine routine with Lucy.  Go to Lucy.co/HARDFACTOR and use promo code (HARDFACTOR) to get 20% off your first order. Lucy has a 30-day refund policy if you change your mind. DaftKings - Download the DraftKings Casino app, sign up with code HARDFACTOR, and spin your favorite slots! The Crown is Yours - Gambling problem? Call one eight hundred GAMBLER 00:00:00 Timestamps 00:03:20 US government is finally re-opening and what happened in 1836? 00:06:10 ‘Sniper tourists' allegedly paid $90K to shoot civilians in Sarajevo in the 90s 00:23:05 A marine biologist who had his face bit off by a shark is fond of said shark 00:34:30 Trump back in the Epstein allegation news 00:40:15 Man sets a bunch of stupid Guinness World Records, embarrassing Guinness  00:43:20 The blue Chernobyl dogs were just rolling around in porta-potties Thank you for listening! Go to patreon.com/hardfactor to join our community, get access to bonus pods, discord chat, and much more - but Most Importantly: HAGFD!! Learn more about your ad choices. Visit megaphone.fm/adchoices

The Simple Steps That Added $40,000 to an Airbnb (In Just One Year) James Carlson reveals how his clients transformed an existing Airbnb from $50K annually to $90K—an 80% revenue increase—by following five straightforward principles. He shares two strategies while teasing his $49 Stand Store report with all five.

In this Crypto 101 Podcast episode, Tevo and Brian break down a volatile week where crypto, stocks, and gold all fell together amid government gridlock and macro anxiety. Despite fear in retail circles, they emphasize that fundamentals remain strong, with institutions actively buying into Bitcoin, Ethereum, and Solana. The hosts highlight massive whale selling, a privacy coin breakout led by Zcash, and the steady advance of new ETFs signaling deep institutional conviction. They close with optimism — noting that volatility is opportunity, the “McRib indicator” is back, and prediction markets show growing mainstream integration.Efani Sim Swap Protection: Get $99 Off: http://efani.comcrypto101Check out TruDiagnostic and use my code CRYPTO101 for a great deal: https://www.trudiagnostic.comCheck out Gemini Exchange: https://gemini.com/cardThe Gemini Credit Card is issued by WebBank. In order to qualify for the $200 crypto intro bonus, you must spend $3,000 in your first 90 days. Terms Apply. Some exclusions apply to instant rewards in which rewards are deposited when the transaction posts. This content is not investment advice and trading crypto involves risk. For more details on rates, fees, and other cost information, see Rates & Fees. The Gemini Credit Card may not be used to make gambling-related purchases.Check out Plus500: https://plus500.comGet immediate access to my entire crypto portfolio for just $1.00 today! https://www.crypto101insider.com/cryptnation-directm6pypcy1?utm_source=Internal&utm_medium=YouTube&utm_content=Podcast&utm_term=DescriptionGet your FREE copy of "Crypto Revolution" and start making big profits from buying, selling, and trading cryptocurrency today: http://www.cryptorevolution.com/free?utm_source=Internal&utm_medium=YouTube&utm_content=Podcast&utm_term=DescriptionChapters00:05 — Intro: markets drop across crypto, stocks, and gold; setting up the “bloody week” discussion.01:40 — Macro overview: government shutdown, Fed uncertainty, and AI short trades shaking confidence.03:38 — Fear & Greed Index analysis; Bitcoin hovers near $100K, retail panic vs institutional calm.06:09 — Technical levels: key supports at $100K and $90K, risk management talk.09:27 — Whale selling and ETF data; redistribution from long-term holders to institutions.15:49 — Institutional accumulation: Bitwise, Schwab, Ark, and Robinhood add exposure.24:44 — Global Bitcoin arms race: U.S. vs China and major holders' accumulation.32:26 — Solana ETF inflows and bullish institutional demand amid a choppy market.34:40 — Privacy coins surge, led by Zcash breaking into the top 20 cryptos.37:33 — Lighter close: McRib's return meme, AI token plays, and prediction market trends.MERCH STOREhttps://cryptorevolutionmerch.com/Subscribe to YouTube for Exclusive Content:https://www.youtube.com/@crypto101podcast?sub_confirmation=1Follow us on social media for leading-edge crypto updates and trade alerts:https://twitter.com/Crypto101Podhttps://instagram.com/crypto_101*This is NOT financial, tax, or legal advice*Boardwalk Flock LLC. All Rights Reserved  ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Fog by DIZARO https://soundcloud.com/dizarofrCreative Commons — Attribution-NoDerivs 3.0 Unported — CC BY-ND 3.0 Free Download / Stream: http://bit.ly/Fog-DIZAROMusic promoted by Audio Library https://youtu.be/lAfbjt_rmE8▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬Our Sponsors:* Check out Gemini Exchange: https://gemini.com/card* Check out Plus500: https://plus500.com* Check out Plus500: https://plus500.com* Check out TruDiagnostic and use my code CRYPTO101 for a great deal: https://www.trudiagnostic.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

At 21, Skagen ditched a law-track career, joined Jim's Window & Pressure Cleaning, and pulled $30K in his first month. At 23, he's led an eight-person team to a $90K month, become Queensland franchisor, and built a referral machine with $50 neighbor offers and pay-for-performance hiring. We bust myths on Jim's fees, talk systems that save your sanity, and show how to scale without losing your weekends.

The average full-time daycare now costs $15,000+ per child annually. For families with two kids, that's more than rent or mortgage in most states.And here's what's breaking my heart: Women who built businesses from the ground up are returning to corporate jobs just to afford childcare—keeping their businesses as side hustles. Entrepreneurs forced to pause their dreams because the math doesn't work.What if there was a way to cut childcare costs by 40% while keeping your full-time career trajectory—benefits, promotions, and all?In this episode, I'm exposing the childcare funding cliff that's forcing impossible choices—and showing you how job sharing makes care affordable while accelerating your career.In episode 54:Why the $24 billion federal funding cliff changed everything in September 2024The heartbreaking math: when earning $90K means taking home barely more than childcare costs

Want to cut your 2025 tax bill and grow your real estate portfolio at the same time?In this powerful episode, hosts Zach Lemaster and Adam Schroeder reveal real-world strategies to legally reduce taxes through cost segregation, bonus depreciation, and builder incentives — all before year-end.They're joined by Amanda Han & Matt MacFarland (Keystone CPA) and Jeff Welgan (Bluprint Home Loans) to share how smart investors are stacking creative financing, tax deductions, and new construction deals to maximize ROI while preparing for the 2026 tax changes.If you've been waiting for the right moment to invest — this is it.⏱️ TIMESTAMPS00:00 – Introduction & 2025 real estate outlook01:30 – Why Q4 is the most strategic time for investors03:00 – Builder incentives: how to get $25K–$50K back on new builds05:10 – Using 5% down loans to scale your portfolio faster08:00 – Cost segregation 101: turn $300K homes into $90K tax write-offs10:40 – Combining tax strategies for “free real estate”13:00 – IRS-approved tax breaks and why they exist15:20 – Market highlights: San Antonio, Conroe, and Alabama20:00 – Lending insights with Jeff Welgan (Bluprint Home Loans)28:00 – DSCR loans, credit scores & qualification tips33:00 – Real estate professional status vs short-term loophole39:00 – Why you must own and place your property in service before year-end48:00 – Final takeaways: how to act fast and save big in 2025

Want to cut your 2025 tax bill and grow your real estate portfolio at the same time?In this powerful episode, hosts Zach Lemaster and Adam Schroeder reveal real-world strategies to legally reduce taxes through cost segregation, bonus depreciation, and builder incentives — all before year-end.They're joined by Amanda Han & Matt MacFarland (Keystone CPA) and Jeff Welgan (Bluprint Home Loans) to share how smart investors are stacking creative financing, tax deductions, and new construction deals to maximize ROI while preparing for the 2026 tax changes.If you've been waiting for the right moment to invest — this is it.⏱️ TIMESTAMPS00:00 – Introduction & 2025 real estate outlook01:30 – Why Q4 is the most strategic time for investors03:00 – Builder incentives: how to get $25K–$50K back on new builds05:10 – Using 5% down loans to scale your portfolio faster08:00 – Cost segregation 101: turn $300K homes into $90K tax write-offs10:40 – Combining tax strategies for “free real estate”13:00 – IRS-approved tax breaks and why they exist15:20 – Market highlights: San Antonio, Conroe, and Alabama20:00 – Lending insights with Jeff Welgan (Bluprint Home Loans)28:00 – DSCR loans, credit scores & qualification tips33:00 – Real estate professional status vs short-term loophole39:00 – Why you must own and place your property in service before year-end48:00 – Final takeaways: how to act fast and save big in 2025

In Episode 279, I sit down with Jerremy Newsome and my wife, Jennifer Anderson, for a powerful conversation. This marks Jenny's first appearance on the show — and it was an awesome one. She recently joined Jerremy's trading team, the Prosperity Portfolio, where she's grown $10K into $90K in just nine months under his mentorship. Jerremy is a hands-on wealth coach who dedicates three hours each week on Zoom to teaching, mentoring, and helping people transform their financial futures. His guidance is setting my family on a path toward financial freedom sooner rather than later. I have a ton of respect for Jerremy — his insights on wealth, abundance, athletics, and simply being a great human being always resonate. Please enjoy Episode 279 of the Endless Endeavor Podcast. Connect with Jerremy Alexander Newsome: Website: https://jerremynewsome.com/prosperity-portfolio Instagram: @jerremynewsome Books: https://www.jerremynewsome.com/books/ Connect with Greg: Instagram: @granderson33 Email: gregandersonpodcast@gmail.com Linktr.ee: https://linktr.ee/Granderson33 Podcast Apparel: www.theelectricnorth.com Episode Resources:  Prosperity Portfolio https://jerremynewsome.com/prosperity-portfolio COUPON CODE “JENNY” SAVES $1000.00 Timeline Nutrition Mitopure Gummies https://www.timeline.com/partners/endless-endeavor-gummiesample ENDLESSGUMMIES For FREE SAMPLE PACK Vortex Optics ENDLESS20 for 20% off all Vortex Products https://www.eurooptic.com/ If you enjoy the show, make sure to give the Endless Endeavor Podcast a rating via your favorite audio platform OR on YouTube here: https://www.youtube.com/channel/UCieFsr26t9cyPDKMbLQJzXw/featured!

In this emergency video, Steve shared his take on the Apple controversy surrounding Apps Gone Free campaigns. Indie developers are struggling to grow apps while Apple cracks down, but Steve explains how free campaigns can still generate massive results – like $90K in revenue – and why Apple might be restricting them.In this video, you'll learn:✅ Why our Indie App Santa app was removed from the App Store✅ How Apps Gone Free campaigns can skyrocket downloads and revenue✅ The safe growth hacks that still work for indie developers✅ Steve's perspective on Apple's controversial policiesYou can also watch this video here: https://www.youtube.com/watch?v=2S8Lqu_50EMWant expert guidance to grow your app? Book a quick call with App Masters:https://appmasters.com/contact-us/Indie App Santa: https://www.indieappsanta.comGet training, coaching, and community: ⁠https://appmastersacademy.com/*********************************************SPONSORSThe new Appsflyer Benchmarks siteAttention mobile marketers! Want to invest smarter? The new AppsFlyer Benchmarks site is here! Check out performance over time across countries, media types, and app categories to find growth opportunities, optimize spend, and see how you stack up.With two years of data, quarterly updates, and an upcoming AI co-pilot, it's the must-have tool for smarter UA. Check it out today and take the guesswork out of your next move.Check out now:https://tinyurl.com/537v4e9e*********************************************Arcads is the fastest and best indie-friendly platform to create authentic, AI-powered UGC-style video ads — all from just text input.- Emotionally resonant, human-like videos- Perfect for app demos, testimonials, and paid social creatives- Built for speed, built to convertWhether you're launching or scaling, Arcads makes it easy to test and iterate video ads.Try it now: ⁠https://www.arcads.ai/?comet_custom=appmasters*********************************************Follow us:YouTube: ⁠AppMasters.com/YouTube⁠Instagram: ⁠@App MastersTwitter: ⁠@App MastersTikTok: ⁠@stevepyoung⁠Facebook: ⁠App Masters⁠*********************************************

Galaxy Digital's Zach Pokorny reveals shocking details about the 80,000 BTC whale movement and a massive dusting campaign targeting 2.3 million Bitcoin across 40,000+ addresses with fake legal notices. Zach Pokorny from Galaxy Digital joins us to discuss their deep investigation into the mysterious 80,000 Bitcoin whale that moved last summer. The report uncovers a massive dusting campaign targeting over 40,000 addresses holding 2.3 million BTC with fake "abandoned property" notices. We dive into the Salomon Brothers connection, the $90K cost of the attack, and why this looks like classic Craig Wright-style lawfare. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • 2.3 million BTC dusted • 40,000+ addresses hit • Attack cost 0.7 BTC (~$90,000) • 80,000 BTC whale sold through Galaxy • 3-year dormancy minimum targeted Timestamps: 00:00 Start 02:27 Size & breadth of the messaging campaign 04:39 Message contents 05:51 Legal definitions 08:47 Is Salomon Brothers real? 12:02 Why not use a law firm? 13:06 Did the 80k BTC seller get spooked? 14:31 Scale of the campaign 15:35 Satoshi addresses? 17:55 How did they choose addresses? 19:44 Lots of holders have "dormant coins" 21:17 Cost of the campaign 23:14 Links to other attacks 26:26 Speculating who this was 28:12 Court process & jurisdiction 32:12 Wrap up -

These are clips highlighting some of the topics discussed in the full episode! Check it out if you want a bite-sized version of the full episode. Salon business coach @ninatulio was $90K in debt when she realized that her lack of vision, mission, and branding had to change.  She discusses the challenges she faced, including financial struggles and personal growth, and how she turned her business around. Nina emphasizes the importance of pricing strategies, leadership, and creating a positive culture in the beauty industry. This Weeks Topics: Early Career and Transition to Salon Ownership Turning Point: Overcoming Financial Struggles The Importance of Self-Reflection and Accountability Strategic Decisions for Business Growth Embracing Fear and Taking Action Building a Consulting Business: From Struggles to Success The Shift in the Beauty Industry: Commission vs. Indie Pricing Strategies: Understanding Value Over Worth Leadership and Culture: The Heart of the Business Video versions of our episodes are on our YouTube channel for you to watch! Subscribe to our channel The Hair Game on YouTube and check out ‘The Hair Game Podcast' playlist. Our podcast thrives on the opinions of you, the listener... if you have a moment (and you are an Apple user), please leave us a rating & review on the Apple podcasts app or iTunes! Here's what you do: - Scroll down to 'Ratings & Reviews'  - Click on the empty purple stars (5 is the best)!  - Click on ‘Write a Review' and let us know what you love most! Each rating & review helps us reach more and more of your fellow hair loves, and our goal is to help as many hairdressers as we can find success. Thanks in advance! FOLLOW US http://www.instagram.com/thehairgamepodcast http://www.instagram.com/salonrepublic http://www.instagram.com/loveerictaylor

Salon business coach @ninatulio was $90K in debt when she realized that her lack of vision, mission, and branding had to change.  She discusses the challenges she faced, including financial struggles and personal growth, and how she turned her business around. Nina emphasizes the importance of pricing strategies, leadership, and creating a positive culture in the beauty industry. This Weeks Topics: Early Career and Transition to Salon Ownership Turning Point: Overcoming Financial Struggles The Importance of Self-Reflection and Accountability Strategic Decisions for Business Growth Embracing Fear and Taking Action Building a Consulting Business: From Struggles to Success The Shift in the Beauty Industry: Commission vs. Indie Pricing Strategies: Understanding Value Over Worth Leadership and Culture: The Heart of the Business Video versions of our episodes are on our YouTube channel for you to watch! Subscribe to our channel The Hair Game on YouTube and check out ‘The Hair Game Podcast' playlist. Our podcast thrives on the opinions of you, the listener... if you have a moment (and you are an Apple user), please leave us a rating & review on the Apple podcasts app or iTunes! Here's what you do: - Scroll down to 'Ratings & Reviews'  - Click on the empty purple stars (5 is the best)!  - Click on ‘Write a Review' and let us know what you love most! Each rating & review helps us reach more and more of your fellow hair loves, and our goal is to help as many hairdressers as we can find success. Thanks in advance! FOLLOW US http://www.instagram.com/thehairgamepodcast http://www.instagram.com/salonrepublic http://www.instagram.com/loveerictaylor

Leftist government employees act like they are doing us a favor. The average government worker makes $90K vs $61K for the average private sector worker. They get more vacations, sick time, etc. and honestly most don't work hard, if at all. President Trump is trying to negotiate peace in the Middle East…again. This time between Israel and Hamas. And Democrats still think of him as Hitler and Joe Biden as Spartacus.Would you want to hire a Leftist? Marry one? Befriend one?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Alex Ivanov's journey to Angel Reyes & Associates in Texas started when he fled his native Belarus after refusing KGB recruitment, arriving in America at age 21 with $380. Just three years into trying cases, he secured his first seven-figure verdict on a non-surgical pain management case where the defense offered only $90K on a $250K policy. How? Leveraging strategies developed by host Dan Ambrose for his TLU platform to prepare the witness and transport the jury back to the crash scene, The jury awarded $1.075 million. Since 2022, Alex has tried about 15 jury trials and recently earned recognition as a Texas Rising Star. He's also the third most prolific TLU On Demand user; tune in to learn why he considers daily learning non-negotiable for trial success.Train and Connect with the Titans☑️ Alex Ivanov | LinkedIn☑️ Angel Reyes & Associates | Facebook | Instagram | LinkedIn | TikTok | YouTube☑️ Trial Lawyers University☑️ TLU On Demand Instant access to live lectures, case analysis, and skills training videos☑️ TLU on X | Facebook | Instagram | LinkedIn☑️ Subscribe Apple Podcasts | Spotify | YouTube2025 Programming☑️ Case Story Bootcamp: (Dan Ambrose and Eric Oliver), Oct 28-Nov 1, Las Vegas, NV☑️ TLU Performance Skills | Cabo Edition (Dan Ambrose and Giorgio Panagos), Dec. 15-22, Cabo San Lucas, MX2026 Programming☑️ Bootcamp & Ski (Dan Ambrose...

What if the very thing holding your business back isn't your leads, your pricing, or your people but your refusal to move before it's perfect?In this powerful episode, we sit down with Sherman Hatley, founder of Tactical Electric. Sherman gets real about what it takes to scale fast from learning emotional intelligence, hiring the right team, offering premium service options, and shifting from order-taker to general contractor mindset.This isn't a story of overnight success. It's the real cost of going all in of being present over perfect and replacing guesswork with system.Whether you're a tradesperson, business owner, or leader, this one is packed with wisdom on leadership, resilience, and service-based sales.

We unpack why money talks feel heavy and show how to make them safe, honest, and useful. Ericka Young shares her $90K debt payoff story, how “play money” reduced friction, and practical ways to teach kids about money without passing along anxiety.• the real reasons couples avoid money talks• using your money past to lower defensiveness• saver vs spender dynamics and finding balance• autonomy with transparency through “yours, mine, ours”• simple openers and ground rules for hard talks• when to call a coach or therapist• practical ways to teach kids give, save, spend• language shifts that reduce money stress at home• small weekly check-ins that build trust• Ericka's work with financial education and coachingYou can see more from Ericka at erickayoung.com and forbetterandworth.comSubscribe to the Money Matters Podcast, and visit neighborsfcu.org/financialwellness for more tools to help you build a strong financial future.Have an idea for a show or a question for Kim? Send us a text messageSupport the showWelcome to Money Matters, the podcast that focuses on how to use the money you have, make the money you need and save the money you want – brought to you by Neighbors Federal Credit Union. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice.

Are your money habits helping or holding you back? In this session finance expert Jen Smith reveals why managing your finances doesn't have to feel like calculus—and how small, sustainable habits can make a big difference. Discover the surprising connection between mindset and money, the real reasons behind impulse spending, and why “try before you buy” might be your new favorite rule. If you've ever felt overwhelmed, guilty, or just plain tired of complicated budgeting advice, this session will help you find out what habits are costing you, which ones can set you free, and make you ready to take simple steps toward increased financial confidence.    FREEBIE for all: EASIER THAN TAKEOUT Emergency Meals download   Get the Basic Pass to watch and/or read each speaker session for free through Sunday, October 12th. Upgrade to the All-Access Pass for ad-free listening on a private podcast feed, + lifetime access to all content visual, audio, and written.  Jen and her husband paid off $78,000 of debt in 2 years and bought a house on a combined income of less than $90K. Jen didn't want to change her spending to pay off debt and opted for side hustles instead. She quickly took on so many that she contracted shingles due to stress. FOLLOW ON IG WEBSITE Learn more about your ad choices. Visit megaphone.fm/adchoices

URGENT Bitcoin warning! A critical chart signal is flashing a potential $90K dump, and traders are on high alert. In this episode, we break down the alarming setup, the support zones that must hold, and what it means for Ethereum and altcoins if Bitcoin takes a big hit. JOIN PUMP.FUN STREAM HERE: https://pump.fun/coin/AR8WYR8oH3fnKBJAnBmzxdbRdVheY5tY1fymCVRQpump ASTER - Aster - https://www.asterdex.com/en/referral/0cfE2A

James Check (aka Checkmate) is the co-founder of Checkonchain and one of the leading voices making onchain data accessible for everyday bitcoiners. Known for his ability to turn complex charts into compelling stories, James blends his engineering background with market analysis to help people see human behavior imprinted in bitcoin's ledger. In this episode, James joins The Bitcoin Frontier to share why realized cap is one of the most powerful adoption metrics, how to interpret profit and loss across holders, and what onchain data is saying about the current cycle. We dig into the role of ETFs and treasury companies, the impact of derivatives on market structure, and why the future of onchain analytics remains deeply human.SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show with your friends and family → Send us an email: podcast@unchained.com→ Learn more about Unchained: https://unchained.com/?utm_source=you... → Book a free call with a bitcoin expert: https://unchained.com/consultation?ut...TIMESTAMPS: 0:00 – Intro & why onchain data matters for bitcoin 1:30 – Buying the 2017 top, engineering background & finding bitcoin 4:50 – Realized cap, cost basis, and why it just crossed $1T 7:30 – From civil engineering to onchain analysis 10:00 – Orange pill moments, macro influences, and early metrics 12:40 – Human behavior, fear & greed mapped onchain 15:00 – Turning raw data into stories people understand 18:00 – State of the market in 2025: leverage, ETFs, and demand 22:00 – Cycles, late-stage dynamics & institutional flows 26:00 – Rethinking market cycles: the three-cycle structure 31:00 – Sell-side pressure, hodlers, and ETF dynamics 35:00 – Are ETFs and treasury companies changing onchain analysis? 40:00 – Profit, loss, and building decision frameworks for different price scenarios 46:00 – Key support zones: 110K, 90K, and Sailor's liquidation line 49:00 – Derivatives, ETFs, and how flows shape volatility 54:00 – Risks of leverage, banks entering, and future fireworks 58:00 – Rapid fire: desert island metrics, entry point for retail, and data wish list 1:02:00 – The Australian bitcoin community & grassroots conferences 1:05:30 – The future of onchain analytics, AI, and Checkonchain's next reportWHERE TO FOLLOW US: → Unchained X: https://x.com/unchained → Unchained LinkedIn:   / unchainedcom  → Unchained Newsletter: https://unchained.com/newsletter → James Check's Twitter: https://x.com/_Checkmatey_ → Connor Dolan's Twitter:

This week Nicola and Di chat with the incredible Jim Murphy. Jim’s book Inner Excellence stands alongside Mel Robbins’ New York Times best-selling self-help books, offering powerful insights on overcoming fear and unlocking true potential. In addition to being a best selling author, Jim is a high-performance coach who helps athletes and leaders master their inner game with clarity, confidence and resilience. In this episode, we hear Jim’s inspiring story of how he went from being $90K in debt to his book becoming a global sensation when an NFL footballer was spotted reading his copy of Inner Excellence on the sidelines during a televised game. The rest is history. Jim shares what that Inner Excellence is really about being able to live and experience the fullness of life. He gives so many powerful ideas about how we can develop our inner world, and how it’s our heart that holds the key to extraordinary performance. Jim talks about love being the most powerful force in the universe because it is fearless and selfless, and ultimately we are here to learn selfless-actualisation. We also talk about manifesting and the power of the words and language we use. Jim explains how making a small shift in the way we talk about things can have a life-changing impact - you’ll want to tune in for this tip. We had such a great time speaking with Jim and we hope you enjoy this conversation as much as we did. This episode is proudly supported by Montgomery Investment Management, trusted experts helping you build and protect your financial future. For further information, please contact David Buckland, Chief Executive Officer or Rhodri Taylor, Account Manager on (02) 8046 5000 or investor@montinvest.com Follow Jim Murphy on IG here - https://www.instagram.com/innerexcellencejimmurphy/ Buy Inner Excellence here - https://innerexcellence.com/jim-murphys-books/ Follow more of Jim’s Work here - https://innerexcellence.com/ Follow Nicola and Di on IG here - https://www.instagram.com/overthebackfencepodcast/ Watch Over The Back Fence on YouTube here - https://www.youtube.com/@Overthebackfencepodcast/podcastsSee omnystudio.com/listener for privacy information.

In this podcast episode, I share the 5 things that led me to a $90K month in my online business. Ready to hold 10X the wealth you know you are meant for?CLICK HERE and register for the Identity to Income 3 Day Masterclass for $27XO, Brianna MichelleNot able to convert inquiries into contracts? Grab my Inquiry to Booked Training & Template for $37. Stop getting ghosted & start getting paid:https://www.briannamichellecoaching.com/sp-d-inquiry-incubatorGet Brides Obsessed To Book Your Team in this 27 minute training for just $27:https://briannamichellecoaching.thrivecart.com/get-brides-obsessed/

In just three years, Brett Stewart went from losing $90K to building a real estate business that generates over $1M in revenue. In this episode, he shares how trust and relationships became the foundation of his success, why having big visions while staying content matters, and how you can double or triple your revenue with the resources you already have. Brett also dives into uncovering the real goals of property owners, using Facebook ads effectively, and identifying lead sources that deliver results at scale. If you want to learn how to turn setbacks into a thriving business make sure to visit Brent's TTP Training Program today!---------Show notes:(0:50) Beginning of today's episode(4:00) Trust and relationships(6:57) Having big visions while still being content(13:00) Doubling or tripling your revenue with what you already have(20:07) Discover the goal(s) of your property owner(21:34) Utilizing Facebook ads as marketing(27:08) Find the lead sources that produce in a multiple effect----------Resources:BiggerPocketsJoe HomebuyerConnect with Brett on 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?

Las situaciones más críticas de tu carrera se deciden en conversaciones. Y en esas conversaciones, quien mejor escucha controla el resultado.Este episodio te prepara para 5 escenarios donde la escucha activa marca la diferencia entre el éxito y el fracaso.Situación 1: El cliente furioso que representa el 30% de tus ingresos quiere cancelar. Aprende el protocolo HEAT que salvó contratos millonarios y por qué las disculpas típicas empeoran todo.Situación 2: Tu equipo dice que todo está bien, pero sientes que algo no cuadra. Descubre el método "Conversaciones de Café" que reveló toxicidad oculta en una startup y salvó la empresa.Situación 3: Negociación de alto riesgo donde la información es poder. Domina la Escucha Estratégica: técnicas como "El Colombo" y el uso del silencio que generaron $90K extra en una negociación real.Situación 4: Mentoría efectiva que va más allá de consejos genéricos. La fórmula 70-20-10 que ayudó a una desarrolladora junior convertirse en VP de Producto.Situación 5: Detectar deshonestidad sin confrontación. Señales verbales y no verbales, plus técnicas para crear "espacios seguros para la verdad".Cada situación incluye casos reales, errores fatales a evitar y guiones exactos. Porque cuando más importa escuchar, no puedes improvisar.Déjanos ⭐️⭐️⭐️⭐️⭐️ para ayudarnos a llegar a más personas con este contenido transformador: re:INVÉNTATE en Spotify y Apple Podcasts.¿Tienes preguntas o quieres compartir tus progresos en el desarrollo de este PowerSkill? Etiquétame en Instagram (@librosparaemprendedores) en una stories o deja tus comentarios y opiniones sobre este episodio.✨ ¡Hoy comienza tu re:Invención!

In this powerful episode of "Black Wall Street Today," we sit down with Dr. Natalie Halloran, a distinguished educational and business leader and a key figure at Till Hall Enterprise. With over three decades of experience in strategic leadership and organizational improvement, Dr. Halloran shares her expert insights on building sustainable growth and equity within the Black business community.We dive deep into how Dr. Halloran's work in educational leadership translates to success for Black entrepreneurs. Get ready to learn about:Strategic Planning for Black Businesses: The critical role of data-driven practices in closing the wealth gap and fostering economic empowerment.Leadership Development: Essential advice for emerging Black leaders and how to make a lasting, systemic impact.Grant Management & Funding: Navigating the grant application process to secure crucial funding for small, Black-owned businesses.The Intersection of Education and Entrepreneurship: How to apply lessons from school system improvement to business growth and community development.Whether you're an aspiring entrepreneur, a seasoned business owner, or a community leader, this episode provides actionable strategies and inspiring perspectives on advancing Black economic power.Key Takeaways:Dr. Natalie Halloran's journey and her work with Till Hall Enterprise.How to use data and collaborative problem-solving to drive business success.The importance of strategic planning and leadership development for Black entrepreneurs.Practical tips for securing grants and navigating the funding landscape.Future trends that will impact Black communities and businesses.About Our Guest: Dr. Natalie Halloran is a seasoned educational and business leader with Till Hall Enterprise, specializing in strategic planning, leadership development, and human capital management. Her work is rooted in a deep commitment to equity and continuous improvement.Subscribe to "Black Wall Street Today" to hear more stories of Black excellence and economic empowerment."Black Wall Street," "Black business," "Black entrepreneurs," "economic empowerment," "Dr. Natalie Halloran," "Till Hall Enterprise," "leadership development," "strategic planning," and "grant management"Interested in sponsoring the podcast? Want to contact Blair orBrian or Black BRAND? Info@BlackBRAND.biz . The Black WallStreet Today (BWST) radio show is focused on all things Black entrepreneurshipand hosted by Virginia Tech alumnae Blair Durham, co-founder and co-Presidentof Black BRAND. The BWST podcast is produced by using selected audio from theradio show and other Black BRAND events. BWST is the media outlet for BlackBRAND. Black BRAND is a 501(c)(3) organization that stands for BusinessResearch Analytics Networking and Development. We are Hampton Roads RegionalBlack Chamber of Commerce. We promote group economics through professionaldevelopment and community empowerment, and we unify the black dollar byproviding financial literacy, entrepreneurship training, and networkingresources!   http://blackbrand.biz  m.me/blackwallstreettoday  +  info@blackbrand.biz  +  (757) 541-2680 Instagram: www.instagram.com/blackbrandbiz/ + Facebook: www.facebook.com/blackbrandbiz/   Find Black Owned Businesses in the 757: www.HRGreenbook.com Invest in Black Excellence! Watch all episodes of www.GenerationalFlip.com now! $20k - $90K of business funding - https://mbcapitalsolutions.com/positive-vibes-consulting/Get up to $20k in American Express Credit - Here's my Amexreferral link. Use it and we could both earn rewards if you are approved and get a Card. Check out offers and Card benefits. https://americanexpress.com/en-us/referral/delta-skymiles-gold?ref=SEKOVxoJW&xl=cp10mgMoney for your business: https://davidallencapital.com/equipment-financing?u=&u=PositiveVibesInvest in stocks via STASH: https://get.stashinvest.com/sekosq72j  Raise money with Republic: https://republic.com/raise/i/jpdajr 

What does it take to be “middle class” in your state? From Mississippi's $49K to Maryland's $90K, the income range might surprise you. But here's the bigger truth: labels don't create wealth, behaviors do. We break down the data, reveal the three key ingredients to wealth building, walk through the Financial Order of Operations, and answer your biggest money questions on mortgages, car buying, and life insurance. ⁠⁠⁠⁠⁠Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. ⁠⁠⁠⁠⁠⁠⁠NordVPN.com/MONEYGUY Learn more about your ad choices. Visit megaphone.fm/adchoices

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8/13/25 - Episode 165Episode SummaryIn this episode, Scott Austin speaks with Sean McCarthy from Customers.ai, a customer acquisition expert, to explore how eCommerce brands can significantly grow revenue through paid ads. They present a case study of a brand that scaled from $90K to $250K in monthly revenue within months through a strategic, data-driven advertising approach.Key Takeaways:Customer Acquisition Strategy: The brand initially had poor ad performance with low ROAS. Sean implemented a structured acquisition strategy, moving from ad-hoc efforts to a deliberate, customer-centric funnel.Channel Shifts: They started with Facebook and Instagram but shifted toward Google Ads, which better targeted high-intent customers searching for barefoot shoes—leading to improved performance.Attribution and Analytics: A key to success was using an attribution platform to accurately measure and connect performance across Facebook, Google, Klaviyo, and Shopify.Content and Creative: Success required high-quality, lifestyle content (not just product shots). This was repurposed across platforms to test various creatives and learn what resonated.Testing and Iteration: The team tested many ad types (videos, slideshows, etc.). They emphasized learning over failure—understanding what doesn't work is as valuable as knowing what does.Indicators for Scaling Ads: Brands should consider paid ads when they have strong fundamentals like a high repeat customer rate (e.g., 25%) and solid conversion rates. These suggest a strong product/market fit.Advice on Hiring Agencies: Sean advises brand owners to learn the basics and run ads themselves first before hiring an agency. Agencies should be focused on optimizing spend—not just scaling budget quickly.Final Message: Investing in paid ads can drive rapid growth—but only if it's done strategically. It requires time, money, tracking, testing, and good creative. Start small, build a foundation, and scale intentionally.Show Links Shawn McCarthy - https://www.linkedin.com/in/shawnwmccarthy/Customers.ai - https://customers.ai/Linear Shopping Experiences - https://apps.shopify.com/linear-shopping-experienceTranscript & Videohttps://jadepuma.com/blogs/the-shopify-solutions-podcast/episode-165-revenue-growth-through-ads

Today on the Wholesale Hotline Podcast (Flipping Mastery Edition), Jerry is joined by Ryan Barnum to talk about his real estate journey, lessons he's learned and do a deal breakdown. Show notes -- in this episode we'll cover: How Ryan overcame imposter syndrome, used a pay‑per‑lead program, and closed his first deal—earning $15,000 after negotiating and partnering with New Western. A step‑by‑step breakdown of Ryan's first deal: how he locked an exclusive lead at $348K, adjusted the rehab estimate from $60K to $90K, renegotiated to $320K, and flipped it to New Western at $345K. Emphasis on confidence and rapport: Ryan built trust through genuine conversation, which led the seller to reject $430K offers from others in favor of his. Key advice for beginners: Start talking to agents (even out-of‑market) to build confidence, record your calls for self‑review, and step into the investor identity—even before your first deal. More key nuggets for newbies inside today's episode.    Please give us a rating and let us know how we are doing! ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖  ☎️ Welcome to Wholesale Hotline & Flipping Mastery Breakout! ☎️ Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.   **NOTE: To Download any of Jerry's FREE training, tools, or resources… Click on the link provided and enter your email. The download is automatically emailed to you. If you don't see it, check your junk/spam folder, in case your email provider put it there. If you still don't see it, contact our support at: support@flippingmastery.com or 888) 958-3028.  ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖  

Today on the Wholesale Hotline Podcast (Flipping Mastery Edition), Jerry is joined by Ryan Barnum to talk about his real estate journey, lessons he's learned and do a deal breakdown. Show notes -- in this episode we'll cover: How Ryan overcame imposter syndrome, used a pay‑per‑lead program, and closed his first deal—earning $15,000 after negotiating and partnering with New Western. A step‑by‑step breakdown of Ryan's first deal: how he locked an exclusive lead at $348K, adjusted the rehab estimate from $60K to $90K, renegotiated to $320K, and flipped it to New Western at $345K. Emphasis on confidence and rapport: Ryan built trust through genuine conversation, which led the seller to reject $430K offers from others in favor of his. Key advice for beginners: Start talking to agents (even out-of‑market) to build confidence, record your calls for self‑review, and step into the investor identity—even before your first deal. More key nuggets for newbies inside today's episode.    Please give us a rating and let us know how we are doing! ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖  ☎️ Welcome to Wholesale Hotline & Flipping Mastery Breakout! ☎️ Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.   **NOTE: To Download any of Jerry's FREE training, tools, or resources… Click on the link provided and enter your email. The download is automatically emailed to you. If you don't see it, check your junk/spam folder, in case your email provider put it there. If you still don't see it, contact our support at: support@flippingmastery.com or 888) 958-3028.  ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖  

In this episode, we're sitting down with Jason Wojo, CEO and owner of Lifeonaire, to explore how real estate investors and entrepreneurs can build businesses that truly support the lifestyle they want—not enslave them. From earning a PhD to leaving science for flipping houses, Jason's journey is anything but ordinary. He shares how he transitioned from rehabbing homes to coaching others on creating vision-driven businesses that don't sacrifice life in the name of success.   You'll hear Jason's biggest mistakes, lessons from $90K in credit card debt, and why “grind culture” is not the path to freedom. Whether you're just getting started or leveling up, this conversation will push you to rethink what wealth really means, how you spend your time, and how to build a business that supports—not sabotages—the life you actually want.   Key Talking Points of the Episode   00:00 Introduction 01:57 Jason's backstory: From scientist to entrepreneur 04:07 How Jason got into real estate investing 05:41 The real estate trap: Early success, then burnout 06:29 From member to coach to CEO in Lifeonaire 07:11 Jason's journey in real estate: Rehabbing, wholesaling, new construction, lending 08:01 The impact of having mentors throughout your career 10:39 How to overcome the fear of speaking to people about your deals 15:00 3 mistakes that nearly derailed Jason's business 17:39 What Lifeonaire actually does and how it helps entrepreneurs 20:02 The danger of shiny object syndrome in real estate 22:17 The power of believing in delayed gratification 23:44 Why success takes years and not just months 25:00 You can have both the life and the business   Quotables   “Success is a crock pot business, not a microwave one.”   “You can absolutely have the life you want and the business you want at the same time.”   “I was making it all about me and that's why I was scared to speak. But if you know you can help someone, it's selfish not to speak up.”   Links   Jason Wojo jasonwojo@lifeonaire.com Lifeonaire https://lifeonaire.com/   Smart Real Estate Coach Resources https://smartrealestatecoach.com/getgoing   QLS Live https://qlslive.com   Real Estate On Your Terms and Deal Structure Overtime https://wickedsmartbooks.com/podcast   FREE Master's Class http://smartrealestatecoach.com/masterspodcast   FREE Strategy Session with Chris Pre http://smartrealestatecoach.com/actionpodcast   QLS 4.0 https://smartrealestatecoach.com/qlspodcast   Investor Resources https://smartrealestatecoach.com/resources   Apprentice Program https://smartrealestatecoach.com/apprentice-pod   In the Trenches Bootcamp https://smartrealestatecoach.com/ittb-pod   3 Paydays Virtual Event https://smartrealestatecoach.com/3paydayspodcast   REI Blackbook https://smartrealestatecoach.com/REIBB-pod   7 Figures Funding https://smartrealestatecoach.com/7figures-pod   Land Voice https://smartrealestatecoach.com/landvoice-pod

Today on the Wholesale Hotline Podcast (Flipping Mastery Edition), Jerry is joined by Ryan Barnum to talk about his real estate journey, lessons he's learned and do a deal breakdown. Show notes -- in this episode we'll cover: How Ryan overcame imposter syndrome, used a pay‑per‑lead program, and closed his first deal—earning $15,000 after negotiating and partnering with New Western. A step‑by‑step breakdown of Ryan's first deal: how he locked an exclusive lead at $348K, adjusted the rehab estimate from $60K to $90K, renegotiated to $320K, and flipped it to New Western at $345K. Emphasis on confidence and rapport: Ryan built trust through genuine conversation, which led the seller to reject $430K offers from others in favor of his. Key advice for beginners: Start talking to agents (even out-of‑market) to build confidence, record your calls for self‑review, and step into the investor identity—even before your first deal. More key nuggets for newbies inside today's episode.    Please give us a rating and let us know how we are doing! ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖  ☎️ Welcome to Wholesale Hotline & Flipping Mastery Breakout! ☎️ Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.   **NOTE: To Download any of Jerry's FREE training, tools, or resources… Click on the link provided and enter your email. The download is automatically emailed to you. If you don't see it, check your junk/spam folder, in case your email provider put it there. If you still don't see it, contact our support at: support@flippingmastery.com or 888) 958-3028.  ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖  

Today on the Wholesale Hotline Podcast (Flipping Mastery Edition), Jerry is joined by Ryan Barnum to talk about his real estate journey, lessons he's learned and do a deal breakdown. Show notes -- in this episode we'll cover: How Ryan overcame imposter syndrome, used a pay‑per‑lead program, and closed his first deal—earning $15,000 after negotiating and partnering with New Western. A step‑by‑step breakdown of Ryan's first deal: how he locked an exclusive lead at $348K, adjusted the rehab estimate from $60K to $90K, renegotiated to $320K, and flipped it to New Western at $345K. Emphasis on confidence and rapport: Ryan built trust through genuine conversation, which led the seller to reject $430K offers from others in favor of his. Key advice for beginners: Start talking to agents (even out-of‑market) to build confidence, record your calls for self‑review, and step into the investor identity—even before your first deal. More key nuggets for newbies inside today's episode.    Please give us a rating and let us know how we are doing! ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖  ☎️ Welcome to Wholesale Hotline & Flipping Mastery Breakout! ☎️ Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.   **NOTE: To Download any of Jerry's FREE training, tools, or resources… Click on the link provided and enter your email. The download is automatically emailed to you. If you don't see it, check your junk/spam folder, in case your email provider put it there. If you still don't see it, contact our support at: support@flippingmastery.com or 888) 958-3028.  ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖  

Today on the Wholesale Hotline Podcast (Flipping Mastery Edition), Jerry is joined by Ryan Barnum to talk about his real estate journey, lessons he's learned and do a deal breakdown. Show notes -- in this episode we'll cover: How Ryan overcame imposter syndrome, used a pay‑per‑lead program, and closed his first deal—earning $15,000 after negotiating and partnering with New Western. A step‑by‑step breakdown of Ryan's first deal: how he locked an exclusive lead at $348K, adjusted the rehab estimate from $60K to $90K, renegotiated to $320K, and flipped it to New Western at $345K. Emphasis on confidence and rapport: Ryan built trust through genuine conversation, which led the seller to reject $430K offers from others in favor of his. Key advice for beginners: Start talking to agents (even out-of‑market) to build confidence, record your calls for self‑review, and step into the investor identity—even before your first deal. More key nuggets for newbies inside today's episode.    Please give us a rating and let us know how we are doing! ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖  ☎️ Welcome to Wholesale Hotline & Flipping Mastery Breakout! ☎️ Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.   **NOTE: To Download any of Jerry's FREE training, tools, or resources… Click on the link provided and enter your email. The download is automatically emailed to you. If you don't see it, check your junk/spam folder, in case your email provider put it there. If you still don't see it, contact our support at: support@flippingmastery.com or 888) 958-3028.  ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖