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At 21, Cody Berman appeared on ChooseFI as a college student discovering financial independence. Three years later, he retired at 26. Now 30 with a $5 million net worth, he's back to reveal exactly how he compressed a decades-long journey into a three-year sprint—and why the same principles work whether you're 25 or 55. The Journey from 22 to FI at 26 00:05:30 Cody's path to financial independence was methodical and aggressive. Between ages 22 and 25, he experimented with over 20 side hustles, scaling his income from $96K to more than $400K annually. The key? He kept expenses locked at just $24K per year—creating a massive gap of $625K over three years. That gap fueled three wealth-building engines: $500K in stock market investments (VOO, VTSAX, VTI) 13 rental properties generating $3,700/month in passive income Digital products businesses producing $10K/month By his 26th birthday, Cody had achieved "cashflow FI"—his passive income streams covered living expenses without touching his investment portfolio. The Psychology of Financial Independence 00:18:00 Brad and Cody explore why some people achieve FI while others with similar incomes stay stuck. The answer isn't math—it's psychology and awareness. Cody attributes his success to having a clear destination. When you know exactly where you're going and why it matters, spending $100 on something that doesn't serve that destination becomes harder than saying no. The infamous "second marshmallow" experiment demonstrates this: delaying gratification becomes easier when you're aware of what you're trading for. As Cody puts it: "Earn more, spend less, invest the gap. Very simple. That is financial independence in a nutshell." Passive Income Reality Check 00:28:00 Let's demolish the myth of truly passive income. Cody manages 13 rental properties—but spends just 4-5 hours per month on them. This represents the spectrum of passive income: not zero effort, but minimal effort relative to the returns. The secret? Working in seasons rather than constant hustle mode. Some months require more attention (tenant turnover, maintenance issues), while others are nearly hands-off. Cody's businesses also follow this pattern—periods of intense development followed by relative autopilot. Brad reinforces this with math: "Every $100 a month you can cut out of your budget is $30,000 less you need in your FI number." Over 20 years, that $100/month compounds to $60K invested. That's a $90K swing from a single optimization. Designing the Perfect Tuesday 00:42:00 Forget exotic vacations—FI is about winning on a random Tuesday. Cody and Lauren's ideal weekday reveals what financial independence actually looks like: Morning: Wake naturally, coffee together, workout (him: gym; her: Pilates), shower, work on creative projects they enjoy Midday: Lunch together, afternoon walk in their neighborhood, separate time for individual pursuits Evening: Dinner together, reading, quality time before bed Nothing dramatic. No yachts. Just complete autonomy over every hour of a normal day. They maintain this through monthly alignment meetings—typically at a restaurant over a nice meal—covering: Money and real estate Health and fitness Travel plans Relationships (with a safe space to address concerns) Friends and family A rotating category Goals for the next month They also record an annual video reviewing the year, creating a time capsule of their journey. Post-FI Life and the Book 00:58:00 What actually happens when you achieve FI? Cody shares the uncomfortable truth: "Anything that you say that you want to do and that you don't do is a Cody problem. Before FI, you can blame things on time. You can blame things on money." When those excuses disappear, you're left facing yourself. That can be liberating and terrifying. His new book, Retire by Thirty, addresses this and more. Like Tim Ferriss's The Four Hour Workweek, the title is provocative but the principles are universal. Whether you compress your FI journey from 50-55, 33…

Top headlines for Friday, June 19, 2026New abortion figures show more than 1.13 million abortions took place in the U.S. in 2025, with telehealth accounting for a growing share; the Episcopal Church moves to redevelop its longtime Manhattan headquarters into affordable housing through a ground lease; and Oregon drops a nearly $90,000 fine against a Christian counselor after a Supreme Court ruling on counseling speech. Also, HHS Secretary Robert F. Kennedy Jr. announces more than $700 million for addiction recovery, mental health and homelessness programs with renewed support for faith-based groups, Vice President J.D. Vance spars with “The View” while promoting his new memoir about returning to faith, and President Donald Trump withdraws support for pastor and congressional candidate Jackson Lahmeyer amid scandal.00:11 Over 1M abortions took place in US last year: report01:02 Episcopal Church seeks to offload Manhattan headquarters01:51 Oregon drops $90K fine for Christian counselor over LGBT debate02:47 HHS Secretary RFK Jr. announces $700M more for addiction recovery03:43 JD Vance, 'The View' co-hosts spar over 3 hot topics about Trump04:28 Trump withdraws support for married pastor caught in scandal05:16 Elon Musk's brother says divine voice spoke to him after injurySubscribe to this PodcastApple PodcastsSpotifyGoogle PodcastsOvercastFollow Us on Social Media@ChristianPost on TwitterChristian Post on Facebook@ChristianPostIntl on InstagramSubscribe on YouTubeGet the Edifi AppDownload for iPhoneDownload for AndroidSubscribe to Our NewsletterSubscribe to the Freedom Post, delivered every Monday and ThursdayClick here to get the top headlines delivered to your inbox every morning!Links to the NewsOver 1M abortions took place in US last year: report | U.S.Episcopal Church seeks to offload Manhattan headquarters | Church & MinistriesOregon drops $90K fine for Christian counselor over LGBT debate | U.S.HHS Secretary RFK Jr. announces $700M more for addiction recovery | PoliticsJD Vance, 'The View' co-hosts spar over 3 hot topics about Trump | U.S.Trump withdraws support for married pastor caught in scandal | PoliticsElon Musk's brother says divine voice spoke to him after injury | U.S.

True crime meets real estate, industry leaders lying to agent faces about AI, a NYT reporter selling his own home with a chatbot, the UK banning social media for kids, and a housing market that ticked up 3.2% while quietly falling off a cliff in slow motion.

Attorney Jeremy Rosenthal discusses a couple topics: Former UC QB Brendan Sorsby betting on college football, to the tune of $90K, and which professions have the most DUI's

Please answer our short Moneywise listener survey! (Very, very short): joinhampton.com/moneywisefeedbackJOIN HAMPTON:These episodes often come directly out of conversations happening inside Hampton, a private community for founders and CEOs with $3M+ in revenue or $10M+ exits. Members range from $5M net worth to billions. They wrestle with these same questions off the record. Apply at http://joinhampton.com/mw.HOW FOUNDERS ARE BUILDING WEALTH:How much do founders actually make, spend, invest, work, and keep in net worth? Hampton surveyed founders directly and put the answers into one report. Download it for free here: https://joinhampton.com/mw-wrEPISODE DETAILS:Thibault — known online as Tibo — is a French indie hacker who spent six years failing at startups before building Tweet Hunter during Covid lockdown and selling it for $10 million. Except the real number was more complicated than that: $2 million up front, $8 million in earn-out, and 18 months of some of the most stressful building of his life to get there. He walked away with just under $3 million post taxes — and says he regrets the sale entirely.Today, Tibo is doing over $1 million a month in revenue across a portfolio of five software products he's built since that exit. His personal spend is negligible. He has no financial advisor, keeps roughly 50% of his net worth in cash, and puts almost everything investable into index funds.This episode gets into the full deal structure, the psychological cost of the earn-out period, what he calls the "frozen state" that hits founders after a big exit, and why he says he will never sell a company again.Timestamps:02:12 — Full guest intro: who Thibault is, the Tweet Hunter story, deal structure breakdown, and episode roadmap08:08 — The $10M deal unpacked: earn-out structure, revenue milestones, and what he actually collected10:17 — The co-founder split, the 25% influencer equity deal, and whether he'd do it again14:09 — How the influencer partnership worked and why they replicated it on Tapio26:17 — "Getting a ton of money up front feels unhealthy" — Thibault on why lump-sum exits are psychologically dangerous28:14 — The "frozen state": why founders can't ship after a big exit30:42 — The earn-out burnout period: stress, loss aversion, and the 18 hardest months of his life34:37 — "It was a bad decision financially" — Thibault's verdict on the sale38:15 — Nomadic life, the Vietnam hacker residency, and how wealth changes how he travels42:42 — No financial advisor, no trust in wealth managers — why everything goes into S&P 50045:29 — Personal spend breakdown: ~$8K/month — rent, food, tech gadgets, and that's basically it48:27 — What happens to the ~$90K/month delta: cash, S&P 500, and acquiring more products49:45 — The portfolio strategy: five products, two unannounced, and the 2026 scaling challenge51:12 — Building a distribution bridge between all his products with an AI agent53:06 — Raising kids with money: unconditional safety as the foundation for risk-taking

In this episode of Storage Wins, Alex Pardo welcomes back Dan Wentzel with a major announcement: after months of grinding through deals, cold calls, and follow-ups, Dan is officially under contract on a $2.625 million self-storage facility that has 234 units and 28,000 square feet in a growing market with strong demographics.   What makes this milestone so powerful isn't just the deal itself — it's the journey that led to it. Dan cold called this owner four years ago, followed up for over a year, sent somewhere between six and twelve offers, and refused to quit even when the seller went to a broker and the deal almost died twice. This is a masterclass in what persistence actually looks like in the real world of self-storage investing.   The conversation dives deep into how a single phone call to a local bank, uncovering better lending terms than anything previously available, completely changed what Dan could offer and finally got the deal done. It's a reminder that creative problem-solving and consistent action can unlock opportunities that feel out of reach.   Alex and Dan also work through the deal's financials in real time, breaking down back-of-napkin underwriting: starting with $275,000 in current revenue, applying a 35% expense ratio to arrive at a $178,750 NOI, and exploring what a conservative 20% rent increase could do (pushing projected NOI to over $217,000). With rates sitting 30–40% below market and only two competitors in the area (one of which appears to be at capacity), the upside is real. The episode closes with a cliffhanger. The numbers are promising, but the next episode will tackle how to structure the capital stack: debt vs. equity, investor returns, and whether this deal can fully support itself.   This is one of the most honest and instructive episodes in the series, proof that the deal of your life can be the one you almost walked away from. ⸻ You'll Learn How To: Push through analysis paralysis and doubt by staying in motion even when results aren't showing yet  Follow up with sellers over months and years without burning the relationship  Use simple back-of-napkin math to quickly evaluate any self-storage deal  Apply an expense ratio to calculate NOI and interpret cap rates in context • Identify value-add opportunities from below-market rents and unsophisticated operations  Use bank financing creatively to increase your offer and structure a better deal  Recognize what makes a market worth pursuing: population growth, median income, and limited competition  Build a simple, sustainable follow-up system that doesn't require an expensive CRM ⸻ What You'll Learn in This Episode: [0:00] Dan announces he's under contract on a $2.625 million storage facility [1:00] Alex reflects on Dan's journey — from stuck and overwhelmed to under contract [3:16] What the mindset shift actually looked like: keeping your head down and taking the next step [4:08] Was quitting ever a real thought? Dan's honest answer [5:38] Why Alex's mentor told him to "love the journey" — and what that actually means [6:35] The confidence that comes from persisting when others would have quit [7:40] Deal overview: how did Dan even find this opportunity? [8:43] Cold called the owner four years ago — couldn't get through [9:12] A VA finally made contact: seller wanted $3 million — the follow-up began [10:03] How finding better bank financing changed everything and unlocked the deal [10:41] The numbers: 28,000 sq ft, 234 units, plus 24 containers with upside potential [11:32] How many offers did Dan send this seller? "Somewhere between six and twelve" [12:07] Why seller financing was difficult: the seller wanted 40% down [13:03] What made this deal worth the persistence: unsophisticated owner, strong market [13:28] No Google Maps presence, no online rentals, no rate management — maximum upside [14:22] Dan's follow-up system: a Google spreadsheet and phone reminders [15:14] Why the best CRM is the one you actually use [15:55] Market demographics: 3% annual population growth, $90K median household income [16:22] Seller's motivation: retirement [17:06] Purchase price per square foot: $94 — high, but not the full picture [17:31] Current annual revenue: $275,000 at 95% occupancy [18:01] Walking through back-of-napkin math with Dan live on the show [19:47] NOI calculation: $275K × 65% = $178,750 — what that means as a 7 cap [21:07] Why cap rates alone don't tell the full story [22:22] How much can revenue grow? Rates are 30–40% below market [23:48] Analyzing worst case, likely, and best case revenue scenarios [25:11] Only two competitors — one appears to be at full capacity [26:40] How to review the P&L month by month to project ramp-up revenue [27:17] Conservative scenario: 20% rate increase = $60K in additional top-line revenue [27:41] New projected NOI: $217,750 — now buying at an 8 cap [28:29] What comes next: layering debt and equity onto the deal [30:29] The cliffhanger: tune in to the next episode for full capital stack breakdown ⸻ Who This Episode Is For: Investors who have been grinding without results and are questioning whether to keep going  Anyone trying to source their first off-market self-storage deal through cold calling  Listeners who want to understand how to underwrite a deal from scratch  Entrepreneurs learning how to structure persistent, respectful follow-up with sellers  Investors exploring how bank financing can improve deal terms  Anyone building a value-add self-storage investment thesis  People who need a reminder that the breakthrough is usually just on the other side of the next rep ⸻ Why You Should Listen: Most people give up long before the deal gets done.   Dan Wentzel cold called this seller four years ago, got nowhere, followed up for over a year, sent over half a dozen offers, watched it almost go to other buyers twice — and then found one bank with better terms that changed everything.   This episode is a real-time case study in what persistence, creative financing, and consistent action actually look like in the self-storage business. If you've been putting in the work and not yet seeing the results, this conversation will remind you why you can't afford to stop now. ⸻ Follow Alex Pardo here: Website: https://alexpardo.com/ Facebook: https://www.facebook.com/alexpardo15 Instagram: https://www.instagram.com/alexpardo25 YouTube: https://www.youtube.com/@AlexPardo Storage Wins Website: https://storagewins.com/ ⸻ Have conversations with at least three storage owners, brokers, private lenders, or equity partners inside the Storage Wins Facebook Group. Join for free here: https://www.facebook.com/groups/322064908446514/

Send us Fan MailWhat if 3 hours could uncover $500,000 in hidden revenue sitting inside your private practice right now?That's exactly what happened at the inaugural Private Practice Summit 2026 — and in this episode, Dr. Una pulls back the curtain on the 3 shifts that transformed 100% of the doctors in the room from physicians into Physician CEOs in just 48 hours.From startup practices to multi-seven-figure operations… insurance-based to direct primary care to telemedicine-only… every doctor walked out a different version of themselves. And the wins weren't theoretical — one doctor identified a $90,000 revenue opportunity she'd been missing, another uncovered a billing code she wasn't using that once applied will create an additional $500,000 in revenue, and another completely restructured her schedule on the spot.In this episode, Dr. Una breaks down:The identity shift every physician must make to scale a profitable practice (and why your strategy will fail without it)The 5-step reverse-engineering process that helped doctors uncover six and seven figures of hidden revenue in a single afternoonWhy the "right room" accelerates your growth faster than any strategy or tactic ever couldThe 3 things billion-dollar CEOs work on first — and why most physicians skip themHow to know if community is the missing ingredient in your private practice journeyIf you've ever felt stuck, isolated, or unsure of what your practice could actually become — this episode is your roadmap.Ready to experience this every week, not just once a year?The EntreMD Business School Open House is happening May 19, 2026 at 6 PM Eastern. Come see how we help physicians build profitable, scalable practices through world-class mentorship, accountability, and community.Register here: www.entremd.com/openhouseListening after May 19? Book a call with our team to see if EntreMD Business School is the right fit for you: www.entremd.com/callKey Moments:(0:00) Why this summit was different from every event Dr. Una has ever hosted(3:30) The #1 identity shift every physician must make to scale(8:45) Why mindset isn't woo-woo — and what billion-dollar CEOs actually work on(12:00) The 5-step process to reverse-engineer your revenue goals(15:30) Real wins: $90K, $100K, and $500K uncovered in 3 hours(20:00) The power of the right community (and why doing it alone is costing you)(25:00) What happens every week inside EntreMD Business SchoolConnect with Dr. Una:Website: entremd.comInstagram: @drunachukwuYouTube: EntreMDAdditional Resources:Learn more about my 12-month program. Interested in 1-on-1 coaching? Apply here.Grab a copy of the "The 7-Figure Physician CEO" book. When you are ready to work with us, here are three ways: The Profitable Private Practice Movement - If you want to build a thriving private practice that serves a lot of patients, while creating time and financial freedom for you, come join us here. EntreMD Business School Grow - This is our year-long program with a track record of producing physician entrepreneurs who are building 6, 7 and 7+ figure businesses. They do this while building their dream lives!EntreMD Business School Scale - This is our high-level mastermind for physicians who have crossed the seven figure milestone and want to build their businesses to be well oiled machines that can run without them.To get on a call with my team to determine your next best step, go here ...

Dylan Gillies started wholesaling with zero capital, no buyers list, and a $6,000 course that produced nothing. Then he forgot he was even sending mail through DealMachine and got a call that changed everything. Now, three deals in, he is staring down a six-unit manufactured home development with $800K in projected net profit for the group, and he had to pass on a $90K assignment fee to get there. In this episode, Dylan, David, and Ryan also dig into why Ryan scaled back from 11 employees to 3, how inbound direct mail creates more leverage than cold outreach, and what most wholesalers get wrong about hiring and partnerships.   KEY TALKING POINTS: 0:00 - Intro 0:30 - Dylan Gillies' Business & First Deals 4:52 - Building A Buyers List & Other Deals 6:19 - Manufactured Homes 10:21 - The Marketing He's Doing & Being An Agent 13:18 - Mistakes He's Learned From 14:46 - Sending Direct Mail & Ryan's Structure 25:42 - Mistakes When Building A Business 31:14 - Stepping Back As An Owner 34:31 - More On Direct Mail 39:37 - Outro   LINKS: Facebook: Dylan Gillies https://www.facebook.com/dylan.gillies.9   Website: North Coast REI LLC https://www.northcoastrei.com/   Instagram: David Lecko https://www.instagram.com/dlecko   Website: DealMachine https://www.dealmachine.com/pod   Instagram: Ryan Haywood https://www.instagram.com/heritage_home_investments   Website: Heritage Home Investments https://www.heritagehomeinvestments.com/

This guy didn't have money, experience, or connections, yet he bought a $700K business and walked away with $90K in cash at closing. How did he do it?In this episode, Russ and Joey sit down with Jason Wright to unpack one of the most unconventional deals you'll hear. Jason shares how he used a combination of seller financing, bank financing, and creative structuring to make the deal possible despite having no capital, no industry experience, and no clear path forward at the start.What made the difference wasn't just the numbers–it was understanding the seller's true motivations and building trust over time. Jason describes the three critical elements that made this deal work, and explains why rushing deals is a mistake.If you've ever thought “you need money to make money,” this conversation will challenge that belief and also show how buying an existing business can be more strategic than starting from scratch.Top three things you will learn:-The 3 key elements that make no-money-down deals possible-How to structure deals using seller + bank financing-Why trust and timing matter more than capital in business acquisitionsAbout Our Guest:Jason Wright is a serial entrepreneur, self-improvement enthusiast, and small business acquisition expert. He escaped corporate America to become his own boss and is now in the business of helping others love life and accomplish their dreams and goals.Jason is also the creator and host of the highly successful Texas Titans podcast, featuring weekly interviews from influential men and women in every industry who are leading in significant ways.Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.The hosts may have a financial interest in the programs or services mentioned in this episode.Connect with Jason Wright:- YouTube - https://www.youtube.com/@TheJasonWrightShow- Book: Push Play: Taking Your Life Off Pause by Jason Wright - https://www.amazon.com/dp/B07Z41MW9W

Your producers are losing sales on every call. And right now, you have no idea which ones or why. Agency Coach AI shows you exactly how to win—call by call.

⭐️ #316 - Cet épisode est rendu possible grâce aux soutiens de 4Endurance, Compressport, Merrell et Suunto ⭐️Dans ce nouvel épisode de Courir Mieux Rencontre, je reçois Mathieu Delpeuch, traileur professionnel installé à Annecy, originaire du Cantal et formé comme ingénieur. À travers cet échange, on découvre le parcours d'un athlète de haut niveau qui a su construire sa carrière progressivement, du handball en club aux sélections en équipe de France de course en montagne, jusqu'à ses performances marquantes sur la 90K du Mont-Blanc et la Maxi-Race. On parle entraînement avec beaucoup de précision, structure des semaines, gestion du volume entre 15 et 30 heures, place du sport croisé, ski de rando l'hiver, séances de seuil, charge mécanique et gestion des variations pour éviter les blessures. Il revient longuement sur ses blessures (fractures de fatigue, tendinites, syndrome de Morton) et sur ce qu'elles lui ont appris, notamment l'importance de manger suffisamment, de privilégier la continuité plutôt que la surcharge, et d'accepter les périodes off.

ResourcesGet the FREE Optimise your Instagram Checklist and 20% off audits!Know exactly what to fix, what to focus on, and what to stop doing. Get your Custom Business AuditRepurpose Ai: Streamline your content creation and repurpose effortlessly with ⁠Repurpose Ai⁠.Later Content Scheduling: Simplify your social media strategy with ⁠Later⁠.Flodesk: Elevate your email marketing with Flodesk – get 50% off your first year using ⁠this link⁠.Other Resources:Submit a question to be featured on the podcast and receive live coaching! Send a voice note or fill out the⁠ question form⁠.Where To Find Us:Instagram:⁠ @sigma.wmn⁠TikTok:⁠ @sigma.wmn⁠Newsletter:⁠ Subscribe here⁠Threads:⁠ @sigma.wmn⁠There is a version of money work that looks powerful on the outside but still feels restrictive underneath. In this episode, we explore the identity pattern many women business owners carry while building successful businesses: the quiet but persistent belief that they are bad with money. Even when revenue is growing, clients are signing, and the business looks successful from the outside, this internal identity can still shape what feels safe to receive, hold and expand into.This episode unpacks the disconnect between external success and internal money identity, and how that tension can silently limit your income ceiling. We look at the subtle ways money beliefs show up in high-functioning women business owners, from underestimating financial capability to holding shame around past debt, and why these patterns do not disappear just because your business is doing well.If you have ever felt successful on paper but still emotionally entangled in scarcity, this conversation will help you feel seen. Tune in to hear:The disconnect between external success and internal money identity.How being bad with money can show up in subtle, high-functioning ways.Why shifting identity, not just behaviour, changes your income ceiling.How to take aligned action even while limiting beliefs are still present.Find the Complete Show Notes Here → ⁠https://sigmawmn.com/podcast⁠In This Episode, You'll Learn:Why successful women business owners can still carry limiting beliefs about money.How scarcity and money identity can quietly affect how much support, wealth and success you allow in.Why you do not need to clear every money block before taking aligned action.How action, self-trust and identity work can help you expand your capacity to receive.Why your past experiences with debt or financial instability do not define your current financial capability.Themes & Time Stamps:0:45 – Introduction: Limiting beliefs, scarcity mindset & money in business1:42 – Feeling stuck? One-to-one business audit offer5:10 – Brand authority: why branding fixes ghosting, tire kickers & being copied5:19 – Topic intro: Building a successful business despite money blocks6:12 – Personal history: growing up poor & being programmed that creativity can't pay7:43 – Making ~$1,000/hour from creative work9:28 – Paying off $90K in tax debt, student loans & building net worth11:46 – Myth: Successful people don't have limiting beliefs13:32 – You don't need to clear all blocks before taking action14:59 – Taking aligned action despite your blocks15:16 – Some blocks may never fully disappear — and that's okay16:37 – How taking action weakens limiting beliefs over time17:39 – Closing thoughts

Imagine a wedding videographer who goes all-in on alignment, niching down, and grows to $300K+ in a year...Meet Frankie, one of my Business Blueprint coaching students.In this episode, I sit down with Frankie from Salt Shaker Films (one of my Business Blueprint students) who completely transformed his business. From $80–90K on the side, to turning down the wrong clients for him (even to the tune of $25k+ one month) to then making over $300K full-time as a videographer, this is what happens when skill meets strategy and conviction.Scaling as a wedding videographer$300K year after Business BlueprintNiching into faith-based weddingsDemand mindset (“house party”)Turning away misaligned clientsIf you've ever wondered what's possible, this is it.Nathan's Signature Coaching Program: THE BUSINESS BLUEPRINTGet my Free Inquiry & Follow Up Email & Text Templates Here!Questions about the Business Blueprint? Email info@nathanchanski.co to ask Nathan directly.Follow Nathan on Instagram:https://instagram.com/nathanchanskiConnect with Frankie:Website: https://saltshakerfilms.com.auInstagram: https://instagram.com/saltshakerfilms

Curious? Take The Free Money Stress Quiz!Ready? Buy Our Simplified Budget System Now!Check out Masha's Podcast!Hey budget besties

In this episode of the Crypto Rundown, Tevo and Brian break down a major shift as Bitcoin begins decoupling from tech stocks while institutional demand surges through consistent ETF inflows. They highlight 13 straight days of Wall Street buying, rising odds of Bitcoin hitting $90K, and growing evidence that smart money is accumulating during uncertainty. The conversation explores bullish catalysts like Morgan Stanley's ETF, government interest in Bitcoin infrastructure, and evolving regulation through the Clarity Act. They also touch on Ethereum's long-term upside, stablecoin adoption through major companies like DoorDash and Visa, and why crypto's integration into global systems is accelerating.$1 Trial Momentum Money Makers VIPhttps://www.thecryptomavericks.com/mm-vip-trial1763665474309?utm_content=MMTrial&utm_medium=Podcast&utm_source=Internal&utm_term=DescriptionCheck out Quince: https://quince.com/CRYPTO101Check out Shopify: https://shopify.com/crypto101Check out Mars Men: https://mengotomars.comGet my #1 altcoin pick for this month.Get immediate access to my entire crypto portfolio for just $1.00 today! Get your FREE copy of "Crypto Revolution" and start making big profits from buying, selling,Get immediate access to my entire crypto portfolio.. just $1.00 today! Go here to get access: https://www.crypto101insider.com/cryptnation-directm6pypcy1?utm_source=Internal&utm_medium=YouTube&utm_content=Podcast&utm_term=20250916Get your FREE copy of "Crypto Revolution: Your Guide To The Future of Money". In this book, I reveal how to make (and keep) a fortune during this crypto bull run! http://www.cryptorevolution.com/free?utm_source=Internal&utm_medium=YouTube&utm_content=Podcast&utm_term=20250916Chapters00:00 — Bitcoin decoupling from Software Stocks ($IGV)02:30 — Bitcoin pushes toward $80K as sentiment flips05:30 — Key signal: IGV vs Bitcoin separation08:00 — 13 straight days of ETF inflows12:30 — 62% odds Bitcoin hits $90K18:30 — U.S. military running a Bitcoin node24:30 — Ethereum $250K thesis explained35:30 — Fed says crypto is part of the system44:30 — Perps market explosion heats up48:00 — DoorDash, Visa push stablecoin adoptionSubscribe 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 Mars Men and use my code Mengotomars.com for a great deal: https://mengotomars.com* Check out NPR: https://npr.org* Check out Quince and use my code quince.com/crypto101 for a great deal: https://www.quince.com* Check out Shopify and use my code shopify.com/crypto101 for a great deal: https://www.shopify.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

This episode is a deep dive into one of the most misunderstood investment vehicles in Canada — the RRSP. Whether you've been told to avoid them or told they're the holy grail of retirement savings, the truth is nuanced, and it all comes down to your income, your stage of life, and your strategy. Key Topics: What an RRSP actually is — and how it differs from a tax elimination tool (spoiler: it's not one) Who benefits most from contributing to an RRSP (hint: if you're earning $90K+, pay attention) The biggest mistake people make when withdrawing — the lump sum trap How to build wealth inside your RRSP beyond just "parking it in cash" Spousal RRSP contributions and how couples can use income-splitting to their advantage Why your tax refund is your secret weapon — and what we did with ours (Barbados, twice — no regrets) The TFSA, RESP, and the newer FHSA: how to think about all three buckets together What happens at age 71 when your RRSP must convert to a RRIF — and why you want to plan for this before it happens The RRSP meltdown strategy: how to draw down intentionally so you're not hit with a massive, avoidable tax bill Why you need to talk to your advisor more than once a year — and what life changes should trigger that call immediately Let's dive in! Thank you for joining us today. If you could rate, review & subscribe, it would mean the world to me! While you're at it, take a screenshot and tag me @jennpike to share on Instagram – I'll re-share that baby out to the community & once a month I'll be doing a draw from those re-shares and send the winner something special! Click here to listen: Apple Podcasts – CLICK HERESpotify – CLICK HERE This episode is sponsored by: withinUs | Use the code JENNPIKE20 at withinus.ca for a limited time to save 20% off your first order and 20% off your first subscription order St. Francis | Go to stfrancisherbfarm.com and save 15% off your all your orders with code JENNPIKE15  Eversio Wellness | Go to eversiowellness.com/discount/jennpike15 and save 15% off every order with code JENNPIKE15 /// not available for "subscribe & save" option Free Resources: Free Perimenopause Support Guide | jennpike.com/perimenopausesupport Free Blood Work Guide | jennpike.com/bloodworkguide The Simplicity Sessions Podcast | jennpike.com/podcast Get 20% on thewalkingpad.com using code "JENNPIKE20" Metabolic Guide | jennpike.com/metabolic-guide Get discounts at happybumco.com using code "JENNPIKE" *code doesn't apply with Black Friday sale* Programs: Ignite: Your 8-Week Body Transformation Program | https://jennpike.com/ignite The Peri & Menopause Project  - Join the Waitlist | jennpike.com/theperimenopauseproject Synced Virtual Fitness Studio | jennpike.com/synced Services: Work With Jenn | https://jennpike.com/work-with-jenn/ Functional Testing | jennpike.com/testing-packages Business Mentorship | The Audacious Woman Mentorship:  jennpike.com/theaudaciouswoman Connect with Chris: Instagram | @chrisborsellino Finance Discovery Session | Book Here Connect with Jenn: Instagram | @jennpike Facebook | @thesimplicityproject YouTube | Simplicity TV Website | The Simplicity Project Inc. Have a question? Send it over to hello@jennpike.com and I'll do my best to share helpful insights, thoughts and advice.

He Was On an Operating Table Wishing He'd Never Wake Up. Today He's Building Africa's AI Economy.What happens when a man loses everything, his girlfriend, his money, his will to live, and still comes back to change an entire continent?You get Isaac Odongo Sr.Angel investor. AI educator. The man quietly training the next generation of Uganda's tech economy, one classroom, boardroom, one WhatsApp group, one life at a time.In this episode, Isaac sits down with Aggie Patricia Turwomwe and holds NOTHING back.He reveals the exact systems he uses to help businesses go from spending 30 million shillings a month on marketing with zero results… to generating 3,000 pre-qualified leads with just $1,000.He talks about the $20 ChatGPT subscription that does the job of a $90,000/month agency.He exposes why your data is being harvested RIGHT NOW — 20,000 cookies a day — and what to do about it.And then he gets personal. Deeply personal.In this episode you'll discover;⚡ The Master Prompt + System Prompt framework that turns AI into a money machine ⚡ Why Rwanda is 5 years ahead of Uganda, and what it will cost us if we don't wake up ⚡ The WhatsApp tool generating millions for smart businesses (it costs $19/year) ⚡ How to build and sell AI services with nothing but a smartphone ⚡ The truth about your data, who's selling it, who's buying it, and how to protect yourself ⚡ Why most Ugandan businesses are hemorrhaging money on team building instead of competence building ⚡ Isaac's near-death experience that completely rewired how he sees purpose, money and successThis is a masterclass disguised as a conversation.Every entrepreneur, creator, student, and professional watching this will finish it differently from how they started it.You will question what you've been doing with your time. You will question who's been profiting from your data. You will question whether the 9-to-5 grind has been the biggest distraction from your actual potential.And if you're brave enough to act on what Isaac shares here, your life one year from now will look unrecognisable.

In this episode, I'm breaking down the actual reason your content isn't converting consistently .. the one thing that becomes your biggest income cap once you hit six-figures.This is the work most people avoid because it's not as clean or tangible as “fixing your copy” .. you know how to write good copy.But it's the exact shift that took me from a $9K month to a $90K month in a year.Inside, we're getting into:Why your audience feels your state (not just your words)The subconscious patterns silently sabotaging your salesThe difference between short-term strategy wins vs. sustainable incomeThe two emotional drivers behind every sales block (and how they show up in your content)Why you can't out-strategize an energetic leakIf you've ever felt like:“when I'm on, I'm ON .. but I can't hold it”This episode will hit.

In this episode, we're joined by Summer Liu, CMO of SocialPeta, one of the leading ad intelligence platforms used by top app developers and marketers worldwide.Summer will break down the latest data from 90K+ advertisers and 1.7B+ ad creatives, revealing what's actually driving installs, revenue, and scale in 2026. She'll also share the trends from AI apps and short drama apps to the top-performing ad creatives and strategies across different markets.Must watch, if you're building, growing an app, or finding what to build next.You will discover:✅ Why micro-drama apps grew 126% YoY and how to replicate their success✅ The rise of AI apps (Chat, Companions) and winning growth angles✅ How to find winning creatives and spy on competitors using SocialPeta✅ Top-performing ad creatives across regions (and why they work)Learn More:Planning to scale your app or game globally?SocialPeta provides deep insights into global advertising trends, localized creatives, and competitive strategies, helping growth teams expand into new markets with confidence.Start your data-driven expansion at https://www.socialpeta.com/.You can also watch this video here: ⁠⁠https://youtube.com/live/_ELbpz39hzE*********************************************SPONSORSStill designing, resizing, and uploading screenshots manually? AppScreens lets you pick from hundreds of high-converting templates, generate for every device size and language in minutes, and upload automatically to directly to App Store Connect and Google Play Console. Trusted by more than 100K developers and ASO experts worldwide.Try it free: https://appscreens.com/?via=am*********************************************Got tons of freemium users who won't upgrade? Encore turns free users into paying customers and reduces churn by adding smart, curated affiliate offers at key user moments. Everyone wins with Encore.Learn more at ⁠https://encorekit.com/*********************************************Ready to take action? Start exploring AppsFlyer's deep linking suite -  coming soon as a standalone solution, independent of their measurement packages → https://bit.ly/46O7Wgd*********************************************Follow us:YouTube: ⁠AppMasters.com/YouTube⁠Instagram: ⁠@App MastersTwitter: ⁠@App MastersTikTok: ⁠@stevepyoung⁠Facebook: ⁠App Masters⁠*********************************************

This is the most boring way to get rich with rentals. It's not flashy, it's not sexy, but it works—and it doesn't even take that long to pull off. You don't need to have hundreds of thousands of dollars saved up, investing experience, or dozens of rental properties. In fact, you can build over a million dollars in wealth with just four to five properties: no big apartment complexes, no complicated strategies, no sketchy financing. That's what we're all after, right? Boring ways to build wealth. We want consistent five and six-figure cash flow hitting our bank accounts every year with millions in equity. But if it's so boring and easily accessible, why isn't everyone doing it? Well, that's where many Americans are wrong—thousands of real estate investors are using this same strategy to slowly and steadily build wealth without the stress of scaling a huge real estate portfolio. Dave has done it, dozens of top investors we've interviewed on the show have done it, and now you can, too—even if you're starting from square one. This is the boring way to build wealth with real estate.  In This Episode We Cover The most boring real estate investing strategy to become a millionaire  How to get into your first investment property with significantly less than you think The best beginner rental properties to buy with value-add potential (increase equity!) Full math of how just a handful of rentals can become over a million dollars in equity (and $90K+/year cash flow!) How to use your home equity to invest so you can recycle your money  The simple, beginner-friendly value-add renovations that can boost home value by $10K+ And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠h⁠ttps://www.biggerpockets.com/blog/real-estate-1260 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠advertise@biggerpockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

#834 If you're only making money from one source, you're leaving a fortune on the table! In part one of this two-part conversation, host Brien Gearin sits down with Bart Merrell — the Side Hustle Samurai — to explore how everyday experiences can be turned into income streams. Bart shares his unconventional journey from aspiring FBI agent to entrepreneur, covering ventures that span bungee towers in Japan, vehicle importing, dog training, and even monetizing his own leg amputation. He introduces his signature framework of three simple lists — what you like to do, what you need to do, and what you're already doing — as a starting point for identifying your ideal side hustle. Bart also digs into the mindset shifts required to move from scarcity thinking to seeing abundance everywhere, and explains why there has never been a better time in history to start a business! What we discuss with Bart: + Bart's unexpected path to entrepreneurship + "Can I monetize it?" — his guiding question + Bungee towers and vehicle importing in Japan + Turning dog adoption into a $90K side hustle + Getting paid as an amputee consultant + The three-list framework for finding your hustle + Scarcity mindset vs. abundance mindset + Why you don't need a traditional job to build wealth + The importance of mentorship and hand-holding + Why now is the best time to start a side hustle Thank you, Bart! Check out Bart Merrell at BartMerrell.com. Take the free ⁠$1k Blind Spot Assessment⁠. Follow Bart on Facebook, LinkedIn, and YouTube. To get access to our FREE Business Training course go to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠MillionaireUniversity.com/training⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ To get exclusive offers mentioned in this episode and to support the show, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠millionaireuniversity.com/sponsors⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn more about your ad choices. Visit megaphone.fm/adchoices

"La démo, c'est pour les faibles" : c'est le mantra que François et Guillaume ont forgé pour Basalt.Ils peuvent le défendre : ils ont signé 90K€ sans en faire. Et c'était pas un accident, c'était la stratégie.Dans cet épisode, on plonge dans les coulisses de Basalt : une startup IA entre Paris et San Francisco, avec ses deux fondateurs et leur coach JAB, Georick.Au programme :

Shoot us a Text.Episode #1292: Today we unpack Honda's massive $15.7B EV write-down and pivot back to hybrids, Rivian's make-or-break R2 SUV aimed at the mainstream market, and Ford CEO Jim Farley's vow to keep the manual Mustang aliveShow Notes with links:Honda is taking a massive $15.7 billion writedown as it cancels several EV programs and pivots back toward hybrids, underscoring just how quickly the EV demand outlook has shifted.Honda will cancel three planned U.S. EVs — the Honda 0 Saloon, 0 SUV, and Acura RSX — just months before production, as well as reviewing the future direction of the Sony Honda Mobility joint venture. The automaker's Honda Prologue, built by GM in Mexico, could also disappear after its current production run ends in December, with no plans for a Gen 2 vehicle.The Prologue launched in 2024 and sold nearly 39,000 units in 2025. But after the tax credit was eliminated, sales plunged 74% in 2026.Rivian is attempting one of the toughest transitions in the auto industry — moving from a niche EV startup selling $90K adventure trucks to a true mass-market brand.CEO RJ Scaringe calls the upcoming R2 SUV a “make-or-break” product for Rivian as the company tries to scale beyond wealthy early adopters.The R2 launches this spring with a $57,990 version offering up to 330 miles of range, followed by a $45,000 model next year aimed squarely at mainstream buyers.As Rivian's chief software officer put it: “We know there are just two companies in the U.S. who know how to do it: Tesla and us.”While manual transmissions continue disappearing across the industry, Ford CEO Jim Farley says the Mustang will keep its third pedal for as long as the company has a choice.Speaking at the Australian Grand Prix, Farley doubled down on Ford's stance (although it wasn't the most natural phrasing): “Out of our cold, dead hands will we not have a manual Mustang.”Farley framed the decision as part of Ford's identity, saying the brand aims to serve “working people and enthusiast drivers” and keep building cars that aren't boring.Today's show is brought to you by iPacket Value. From accurate MSRP validation to smarter merchandising decisions, iPacket Value replaces guesswork with data-backed clarity.Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

Send a textJeremy Haynes breaks down 5 real struggling business owners and delivers a custom roadmap to scale each one to $1 million a month. From a $90K/month ecommerce agency stuck on lead quality, to a burnt-out health coach, a brand-new SMMA, a functional medicine doctor with untapped potential, and a 20-year-old trying to find direction — Jeremy diagnoses exactly what's holding each business back and what to fix first. You'll learn how to reinvest profits using the cost of growth framework, why mindset and echo chambers silently cap your revenue ceiling, how to think in probability like a doctor when testing new strategies, and when an offer pivot actually makes sense versus shiny object syndrome. Whether you're scaling an agency, launching a supplement brand, or figuring out paid ads vs. organic content, this episode is a full masterclass in business decision-making, pricing strategy, and growth architecture. Drop a comment with your current revenue and biggest bottleneck — and subscribe for more real breakdowns every week.#ScalingBusiness #MillionDollarBusiness #BusinessGrowthStrategyTime Stamps:00:00 – How a $90K Agency Can Scale to $300K/Month05:10 – Why Echo Chambers and Mindset Cap Your Revenue10:08 – How Your Worldview Dictates Business Decisions12:40 – Shiny Object Syndrome vs. Smart Offer Pivots17:00 – How to Test Business Ideas Like a Doctor18:31 – Using AI Agents to Replace Staff and Cut Costs24:53 – Why Most Businesses Need More Volume Not a Pivot28:15 – Scaling a Functional Medicine Practice With Pricing36:18 – Paid Ads Strategy for High-Ticket Health Offers44:18 – Health Coach Burnout: Supplement Pivot Gone Wrong48:25 – How to Grow a New SMMA From Zero to Scale58:52 – Advice for a 20-Year-Old With No Direction1:02:20 – How to Grow and Monetize a Podcast in 2026Connect with Us!https://www.instagram.com/alchemists.library/https://twitter.com/RyanJAyala

C8 Health is solving a problem that costs hospitals billions: the implementation gap between medical knowledge and actual clinical practice. Despite hospitals investing heavily in clinical trials, licensing platforms like UpToDate and OpenEvidence, and creating comprehensive policies and guidelines, this knowledge remains siloed across 20+ disconnected systems per department. Operating across over 100 hospital systems including most top-40 US healthcare networks, C8 Health has become the standard platform for academic anesthesiology departments by making best-practice knowledge instantly accessible at the point of care. In a recent episode of BUILDERS, I sat down with Galia Rosen Schwarz, Co-Founder and CEO of C8 Health, to learn how the company evolved from a Geneva University Hospitals research project during COVID to building a land-and-expand motion that penetrates notoriously difficult enterprise healthcare logos through focused department-level entry.Topics DiscussedWhy hospitals struggle to operationalize best practices despite massive knowledge investmentsThe department-first penetration strategy that unlocked top-40 healthcare system logosHow high product engagement converted two non-paying pilots into 20+ qualified pipeline opportunities at a single conferenceMisalignment between founder value assumptions and actual buyer languageWhy 2-4 monthly micro-conferences outperform major industry events for qualified pipeline generationMeasuring everything: tracking conversion from leads through MQLs, SQLs, opportunities to closed dealsGTM Lessons For B2B FoundersUse department-level entry to crack enterprise healthcare logos: With only $90K in friends-and-family funding, C8 Health chose department deals over enterprise-wide deployments. This wasn't just about deal size—it was strategic penetration of logos that typically require 18-24 month sales cycles. Single departments provided faster procurement, immediate user feedback for product iteration, and internal advocates who later championed enterprise expansion. The land-and-expand data became their enterprise selling asset: C8-level executives see real usage metrics, clinician testimonials, and measured outcomes (reduced surgical site infections, shortened length of stay) from their own system before enterprise conversations begin. B2B founders facing long enterprise cycles should map department-level entry points that demonstrate ROI quickly while preserving expansion paths.Extract buyer language systematically—they sell differently than you think: C8 Health positioned around clinician benefits: easy knowledge access, time savings, and empowerment. Their champions sold it completely differently to peers: "administrative burden reduction" and "peace of mind that staff consistently follow our chosen best practices across every indication." This wasn't end-user value—it was management value that department heads actually budget for. Galia's insight: you must measure and message separately for buyers versus end users. B2B founders should implement structured win/loss interviews and case study processes specifically to capture verbatim buyer language, then test whether your current messaging actually resonates with how champions sell you internally.//Sponsors:Front Lines — We help B2B tech companies launch, manage, and grow podcasts that drive demand, awareness, and thought leadership. www.FrontLines.ioThe Global Talent Co. — We help tech startups find, vet, hire, pay, and retain amazing marketing talent that costs 50-70% less than the US & Europe. www.GlobalTalent.co//Don't Miss: New Podcast Series — How I HireSenior GTM leaders share the tactical hiring frameworks they use to build winning revenue teams. Hosted by Andy Mowat, who scaled 4 unicorns from $10M to $100M+ ARR and launched Whispered to help executives find their next role.Subscribe here: https://open.spotify.com/show/53yCHlPfLSMFimtv0riPyM

Episode Overview: In this powerful episode, John sits down with Jimmy Nelson to unpack a critical shift happening in real estate: AI is everywhere, but emotional intelligence is the true separator. From automation overload to shiny-object syndrome, agents are drowning in technology while skipping the internal work required to build something sustainable. Jimmy shares why inconsistency isn't a discipline problem — it's a regulation problem — and how agents must master self-awareness, identity, and emotional alignment before scaling with AI. This conversation dives deep into Human Plus thinking: emotional intelligence before automation, identity before scaling, and vision before decisions. If you want to future-proof your business in an AI-driven world, this episode is a must-listen. Key Topics Covered The Fork in the Road: AI Efficiency vs Human Connection The rise of AI and what it means for real estate professionals Why technology accelerates chaos if you haven't mastered discipline The "cold automation" model vs the Ritz-Carlton-level experience Why the future belongs to professionals who combine AI efficiency with human excellence The 75% Problem in Real Estate Two years in a row, 70%+ of agents didn't sell a home Why information is no longer the value — wisdom is The thinning of the herd and the leveling up of professionalism Why buyers and sellers now believe they know more than their agent Emotional Intelligence Before AI (Human Plus Framework) Timmy introduces the Human Plus model: Self-awareness before automation Emotional regulation before scale Identity before production Operators of AI — not AI operating you If you don't know who you want to be, AI will amplify confusion instead of clarity. The "Have, Do, Be" Trap Many agents operate backward: They chase the "have" (money, closings, recognition) Without becoming the person who consistently does the work The shift: Decide who you want to be Align your actions Then the results follow Why Most Agents Set the Wrong Goals When asked how much they want to make, most agents say "$100,000." But why that number? Why not $90K? Why not $200K? What is the purpose behind the number? The key is breaking big goals down into daily behavior: Conversations per day Appointments per week Agreements per month Math doesn't lie — but identity determines execution. Inconsistency Isn't a Discipline Problem Timmy's insight: "Inconsistency isn't a discipline problem. It's a regulation problem." Agents bounce between shiny objects because: They don't trust themselves They're emotionally misaligned They're chasing relief instead of results Technology reveals discipline. It doesn't create it. AI as a Mirror, Not a Crutch AI can be powerful — if used correctly. Practical exercise discussed: Ask AI to challenge your business model Have it ask you tough questions Use voice input for honest reflection Request direct, unfiltered feedback But remember: AI will gas you up if you don't bring discernment and critical thinking. The Work-Life Blend (Not Balance) Real estate creates guilt loops: When you're home, you feel like you should be working When you're working, you feel like you should be home The solution: Long-term vision Clarity of lifestyle goals Designing a sustainable model Finding What Lights You Up Within real estate, there are countless paths: Sales Marketing Social media Systems Development Coaching Community building The question becomes: What could you do for the rest of your life — even if you weren't paid for it? Then build the business around that. Resources & Mentions Elite Edge Network → EliteEdgeNetwork.com Human Plus Framework Chris Voss (Vision Drives Decision concept) Dan Sullivan – Unique Ability Working Genius Assessment StrengthsFinder Kolbe & DISC assessments AI Driven Leader (Geoff Woods) Jimmy also hosts weekly webinars every Thursday at 2 PM EST (details available through Elite Edge Network). Final Takeaway AI is not your competitive advantage. Emotional intelligence is. The agents who thrive in the next decade won't just automate — they'll: Master self-awareness Align identity with action Build clarity before scale Lead with vision, not reaction As John reinforced in the episode: Vision drives decision. Decision drives action. No vision, no deal. And as Jimmy summarized: Emotional Intelligence before AI. Connect with Us: Instagram: @johnkitchenscoach LinkedIn: @johnkitchenscoach Facebook: @johnkitchenscoach If you enjoyed this episode, be sure to subscribe and leave a review. Stay tuned for more insights and strategies from the top minds. See you next time!

On today's MJ Morning Show:Former HR director caught on kiss-cam now a keynote speakerMorons in the newsWoman poisoned husband, then wrote a book on how to handle griefIce creamHow's my driving on back of truck caught speedingHair extensions containing cancer causing chemicalsValentine's Day Olive Garden traditionHow many have actually experienced passionate love, and how many timesPrice of roses up this Valentine's DayStudy - cities with the highest risk of heartbreakMost romantic restaurantsRed and green flags during datingTipping on dates... we took callsGuthrie updatesRumor that El Cap is closing is not trueGrillsmithWalmart is hiring thousands at 90K per yearFriday the 13thJames van der Beek Gofundme celebrity donationsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Kevin and Casey stomp, clap, and cringe their way through Home, the millennial love anthem turned Gen Z punching bag by Edward Sharpe & the Magnetic Zeros. Kevin compares it to moldy peaches (the band and the fruit), Casey defends its wedding-core earnestness, and together they ask: is this song a barefoot bride in a $90K dress—or just the musical equivalent of a free people catalog?See omnystudio.com/listener for privacy information.

At the end of 2024, multiple 6-figure spiritual business coach Nora Virginia had a $90K launch, birthed a baby and then went on maternity leave. After 4 months of newborn baby bliss (her words!), returning to her business felt...a lottttttt harder than she thought it would. She felt like the rug had been pulled out from under her.In this episode, you'll hear how Nora went from closing down a multiple 6-figure offer & losing her mojo to a 33K WEEK (for a brand new offer) and the story of how she reinvented her business after becoming a mama.You'll hear:what identity work actually is and why 'act as if' + future self meditations aren't enough to create real changehow having her first baby and motherhood led to her biggest business pivot yet (+ navigating the void)the decision that looked "crazy" from the outside but created instant relief inside her body (& insane results)the money piece no one wants to admit: how fear of not making money can keep you stuck in a business model you've outgrownhow she grew her podcast to become a top 2.5% podcast organically and what we can all learn from her Check out Nora's podcast Glow Up to Blow Up here!Follow her journey as she reinvents her business as a CEO-mama on Instagram here.& for a limited time, Nora is opening up 1:1 intensives--send her a DM to learn more!

Joining us on this episode of Living Off Rentals is William Tingle, a creative real estate investor, coach, and author of the new book, Just Buy a House Already. William first appeared on the show in 2023, and our conversation picks up right where his story leaves off. After leaving a demanding career in the restaurant industry, William built his business around subject-to and seller-financed deals that generate cash flow without tenants, heavy rehabs, or traditional rentals. Listen as he shares how subject-to deals really work, why clear communication and transparency with sellers matters, and how beginners can get started by focusing on simple, repeatable actions instead of overcomplicated strategies. Enjoy the show! Key Takeaways: [00:00] Introducing William Tingle and his background [03:55] Why misery pushed William to finally take action [07:21] Leaving his full-time job [10:29] The hidden cost of lifestyle inflation when chasing financial freedom [13:27] Most people don't fail in real estate; they just never start [15:19] The easiest, lowest-risk way to get started: bird-dogging deals [18:03] How subject-to deals work and why sellers say yes [19:59] Common mistakes investors make with sub-to deals [22:48] A real example of turning one subject-to deal into nearly $90K [27:10] The "12 House Blueprint" and how one deal per month replaces a W-2 [29:22] Why owning notes, not rentals, creates more freedom and fewer headaches [31:07] Price point and condition for a property to buy [33:52] Exploring advanced deals like title issues, probate, and adverse possession [40:42] Connect with William Tingle [42:16] Outro Guest Links: Website: https://williamtingle.com/  Podcasts, Resources, Videos: https://www.youtube.com/@sub2deals  Just Buy a House Book: https://justbuyahouse.com/  Show Links: Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals  Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast  Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals  Living Off Rentals Website – https://www.livingoffrentals.com/  Living Off Rentals Instagram – instagram.com/livingoffrentals  Living Off Rentals TikTok – tiktok.com/@livingoffrentals 

When sales feel random, inconsistent, or out of your control, it's not because you need a new strategy. It's because you need new standards. In this episode, I'm showing you how to stop using revenue goals as a measuring stick for your worth and start using weekly standards as your CEO leadership system, so consistent sales become something you create on purpose.Whether you sell physical products on Shopify, Etsy, Amazon, at in-person markets, through wholesale to retailers, or on your own ecommerce website, I'm breaking down the 3 standards that drive predictable sales: promotion, follow-up, and offers. I'll share the mindset and action shift that helped me grow from a $90K side hustle to a million-dollar business, and I'll tell you how to join my free Best Seller Secrets Challenge (linked in the show notes) so you can get clear on what to sell, how to promote it, and map out a simple 30-day promotional plan to help you sell more products.In This Episode, You'll Learn:00:00 Why revenue goals without weekly action steps are just wishes.05:00 How I went from a $90K side hustle to a million-dollar product business.08:00 What consistent sales actually require (and why goals don't create consistency).15:15 What a promotion standard is (email marketing, product launches, and weekly offers).19:45 Follow-up systems that uncover “hidden money” (abandoned carts, welcome sequences, post-purchase).24:00 How to market ONE product for 14 days (focus, bestsellers, and a clear offer).28:30 Standards for in-person market sellers (email list growth + 24-hour follow-up).30:00 How standards helped build a $10M women-owned business.33:00 How your business mirrors your patterns (fear of being seen, inconsistency, perfectionism).36:15 Details for the Best Seller Secrets Challenge (free training + promotional calendar).Resources + LinksJoin the 5-day challenge to identify your best sellers and create a 30-day promo plan HEREReady to stop guessing and follow a proven system? Book your strategy call.Get business tips sent right to your inbox - join the newsletter!Watch on YouTubeFollowJacqueline on IG: @theproductbosstheproductboss.com

Will the United States seize Venezuela's $60B Bitcoin Reserve?  Is it real?Adam Meister (https://www.twitter.com/techbalt)Thomas Hunt ( https://www.twitter.com/madbitcoins)THIS WEEK:  Bitcoin price clings to $90K as traders eye US Supreme Court tariff rulinghttps://cointelegraph.com/news/bitcoin-price-clings-90k-traders-us-supreme-court-tariff-rulingSource: Cointelegraph WALMART TO ACCEPT BITCOIN AT THE CHECKOUTWalmart now enables Bitcoin payments at the checkout via OnePay Cash, tapping 150 MILLION customershttps://twitter.com/coinbureau/status/2007953941167067571?s=46Source: Twitter | Coinbreauhttps://twitter.com/aleabitoreddit/status/2007872395990937749?s=46Venezuela: The $60B+ Bitcoin "Shadow Reserve"https://twitter.com/bitcoin_teddy/status/2007830629480825117?s=46Source: Twitter | Bitcoin_teddyJPMorgan Tokenizes Cash On Ethereum And Redraws Wall Street's Maphttps://www.forbes.com/sites/digital-assets/2026/01/03/jpmorgan-tokenizes-cash-on-ethereum-and-redraws-wall-streets-map/Source: ForbesJUST IN:

HOMETOWN PAPER VERDICT: Toronto Star labels Meghan "most disappointing celebrity of 2025"—columnist: "Despite having all the ingredients to become global success, she has slowly deflated." Source: "Most painful review Meghan has had because it comes from city that once gave her refuge and normality. It's shaken her confidence." AS EVER INVENTORY DISASTER: Website glitch allegedly exposes $23M in unsold stock—220K+ jars fruit spreads, 90K candles, 110K tea products. Twitter analysis: "At current sales rates will take NINE YEARS to move all stock. That's catastrophically bad." Daily Express defends: "Points to business that's flying, literally off the shelf." DIANA DOCUMENTARY PLANS: Harry/Meghan developing Diana film for Netflix—Meghan wants to DIRECT. William "absolutely sickened that Harry, by extension Meghan, will be profiting off Diana. Nothing more than shameless money grab and he's vowing to do whatever it takes to stop them." Meghan pushing Harry to access SEALED 6,000-page Diana dossier in Paris (not public until 2082)—source: "She's convinced it could give them ultimate 'hook' to save their Netflix deal." HARRY "HOMESICK, HENPECKED AND HOLLOWED-OUT"—sources: "Harry has reached breaking point with life in California, no longer sees future for himself there. Feels profoundly unhappy and directionless. He misses the life he had—loved his sports, having laugh and pint with pals at pub. Misses sense of purpose being working royal gave him." Insider: "That security case became escape route. He is just absolutely done with life in the States." SECURITY WIN opens spring UK visit—late Feb/early March window. STRICT CONDITIONS: NDAs, Faraday bags for phones at family meetings, pre-approved social media, mediator to ensure "Meghan doesn't bottle things up and offload later in interviews." Princess Anne BLOCKING reconciliation—calling Meghan "upstart," says Charles entertaining reconciliation is "madness." KARDASHIANS CUTTING THEM OFF—Kris Jenner furious over photo permission denial: "Massive slap in face—one that she cannot let slide."PR AGENCIES REJECTING them—quote: "Difficult and frankly cheap. Kardashians and Beyoncé spend fortune on PR; Harry and Meghan expect same results for fraction of budget." "ARISE, QUEEN KATE" causes palace irritation—Times magazine cover sparks Camilla fury. Deep Crown: "Catherine achieved what current King spent decades pursuing: genuine public affection combined with institutional credibility." AI chatbot creatingSEXUALIZED IMAGES of Kate—Ofcom urgent intervention with Elon Musk's X. Andrew sending "begging letters" via Sarah Ferguson. "Duchess of England" Epstein manual mystery. Easter Royal Lodge deadline. Camilla reveals teenage sexual assault on train. Plus: Harry "homesick," Archewell staff 80-85% reduction, rom-com as "make-or-break," $150K-$300K PR budgets they won't pay.Palace Intrigue is your daily royal family podcast, diving deep into the modern-day drama, power struggles, and scandals shaping the future of the monarchy.Hear our new show "Crown and Controversy: Prince Andrew" here.Check out "Palace Intrigue Presents: King WIlliam" here.

Bitcoin holds around ~$90K as Brady and John frame the current range as a “higher floor” era with potential upside catalysts still intact“Healthy hopium” segment compares Bitcoin adoption to the internet's S-curve and revisits how skeptics routinely dismiss exponential technologiesDiscussion of long-horizon Bitcoin returns using a “wealth table” framing: short-term noise, long-term trend clarityLynn Alden's view: recent selloff lows may hold as liquidity conditions improve and excess “Bitcoin treasury company” activity gets washed outETF adoption story accelerates: Morgan Stanley launches branded Bitcoin and Solana ETFs, notably skipping EthereumBank of America/Merrill opens advisor access to multiple spot Bitcoin ETFs with a framed 1–4% allocation for suitable clientsETF flows remain resilient: outflows are modest relative to the drawdown, suggesting a stickier, longer-term holder baseMacro/politics: Supreme Court tariff case is approaching a decision, with markets likely reacting in a messy, sector-specific way rather than a clean “tariffs on/off” binaryHousing policy: Trump floats MBS buying to compress mortgage spreads and proposes restricting institutional purchases of single-family homes, with questions on feasibility and real impactDefense policy whiplash: conflicting announcements trigger sharp moves in defense stocks, highlighting policy-driven volatility risk Swan Private helps HNWI, companies, trusts, and other entities go beyond legacy finance with BItcoin. Learn more at swan.com/private. Put Bitcoin into your IRA and own your future. Check out swan.com/ira.Swan Vault makes advanced Bitcoin security simple. Learn more at swan.com/vault.

⬜ Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal's AI avatar, Palvatar. ⬜ In today's update, Palvatar covers a risk-off session in global equities as geopolitical tensions rise and economic data sends mixed signals. Defense stocks outperform on higher U.S. military spending plans, while oil and the dollar edge higher. U.S. labor data points to “no hire, no fire,” even as services activity surprises to the upside. In crypto, Bitcoin slips below $90K, altcoins struggle, and JPMorgan deepens its digital-asset push.

The panel breaks down the Zcash drama: the Electric Coin Company team resigns en masse over a governance clash, sparking a sharp but short-lived ZEC price drop. Panelists call it a "nothing burger", since the core devs are starting a new company to keep building privacy tech, and the protocol is unaffected. Debate intensifies on privacy coins (Zcash vs. Monero tech/adoption), why on-chain privacy is essential for payments, DeFi, and institutions, and broader market confusion: Bitcoin range-bound at ~$90K, mixed signals across stocks/gold/bonds, middle-class affordability woes, and prospects for an altcoin/small-cap rotation.

Shoot us a Text.Episode #1236: We're continuing our coverage of CES with headlines on Hyundai's humanoid robot plans and Sony Honda's SUV twist on the Afeela. Plus, a dramatic EV fire at a gas station is stopped cold by some simple, new tech.https://www.autonews.com/technology/an-ces-2026-hyundai-robotics-strategy-0105/Hyundai is jumping headfirst into the humanoid robot race, revealing a bold new plan to deploy thousands of AI-driven robots at its factories, starting with its Georgia Metaplant. The timeline? Hyundai aims to produce 30,000 Atlas humanoid robots per year by 2028.The robots will begin by handling parts-sequencing tasks at the Georgia plant.Developed by Boston Dynamics, Atlas can lift 110 pounds and is built for rugged environments.Hyundai's roadmap includes complex assembly work by 2030, supported by AI from Nvidia and Google DeepMind.“Robotics brings many different domains of machine learning together… That makes robotics a frontier application of AI,” said Carolina Parada of Google DeepMind.https://www.engadget.com/transportation/evs/sony-honda-mobilitys-afeela-prototype-2026-puts-an-suv-spin-on-its-too-familiar-sedan-at-ces-043927882.htmlSony Honda Mobility is back at CES with another Afeela concept — this time, it's an SUV. The new Afeela Prototype 2026 offers familiar styling with a taller twist, signaling the joint venture's attempt to better cater to American preferences.The SUV prototype mimics the Afeela 1 sedan, complete with nose-mounted LCD.Targeted release is “as early as 2028,” though 2029 is more likely.Meanwhile, the Afeela 1 sedan is still set to launch at the end of 2026 — but only in California.Starting at $90K, the sedan offers 300 miles of range and promises future Level 4 autonomy yet only charges at 150 kwh…half of what most Teslas and Hyundai's can do“You could drive in Gran Turismo 7 while your car drove you to work,” Sony Honda Mobility teased.https://www.jalopnik.com/2068144/firefighters-blanket-turtle-ev-fire/In an ironic turn, an EV caught fire at a gas station . Thanks to quick-thinking cops and some seriously clever firefighting tech, it didn't turn into a Hollywood-style explosion. This near-disaster in Minnesota gave emergency responders a chance to flex some new tools built just for EV firesA burning Kia EV6 was parked at a gas pump — yes, a gas pump.First, Police used cruisers to push the smoking EV away from the pump to a safe location.Then, firefighters used a giant fire blanket to control vapors and smoke.Finally, they also deployed the “Turtle” — a shell-shaped water cannon developed by Jersey City Fire Captain Howard "Buddy" Hayes after he discovered the shortcomings of his department's existing equipment in battling EV fires.The Turtle pumps 500 gallons per minute to cool EV battery packs from underneath avoiding ‘thermal runaway' that looks more like those crazy EV fires you've seenJoin Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

With a $500 investment,Lindsayleft a high-powered job and founded her first company, which she bootstrapped and grew to a 7-figure year over year business reaching 3MM users each month. She led her company through its acquisition less than a decade later.When she exited, she did so with one mission, to help other women entrepreneurs build their businesses using her Marketing Made Simple strategies. She launched her Top 0.5% global podcast, Dear FoundHer..., which has become a movement for women 40+ who are starting their own businesses.Lindsay's appeared as a guest on over 50 top-rated podcasts, and has contributed to 300+ television segments, appearing on “Access,” “The Doctors,” and many regular local news outlets. She has a combined social media following of close to 90K.Outside of work, she spends most of her free time with her husband and two daughters---they love going to concerts together.

In this episode of Money Matters, Scott and Pat tackle real-world financial planning questions that could save you thousands. They cover key tax-savvy income strategies, help a caller decide whether to cash out a $350K whole life insurance policy, and clarify the confusing tax rules on after-tax IRA contributions. You'll also hear how one investor turned a concentrated stock position into $90K in annual income—without selling a single share. This smart use of covered calls shows how modern income strategies are evolving beyond traditional methods. And yes, they weigh in on the latest hype around gold investing—and why it's often a distraction from sound long-term planning. If you're thinking about insurance, taxes, or smarter ways to turn assets into income, this episode is packed with insight. Join Money Matters:  Get your most pressing financial questions answered by Allworth's co-founders Scott Hanson and Pat McClain live on-air! Call 833-99-WORTH. Or ask a question by clicking here.  You can also be on the air by emailing Scott and Pat at questions@moneymatters.com. Download and rate our podcast here.

⬜ Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal's AI avatar, Palvatar. ⬜ In today's update, Palvatar highlights the Bank of Japan's 25-basis-point rate hike, pushing yields to 26-year highs, while European markets react to hawkish central bank signals and a €90 billion EU loan to support Ukraine. In crypto, Bitcoin swung between $84,500 and $90K following softer U.S. inflation data. The U.S. Senate confirmed crypto-friendly nominees, and SoFi launched a dollar-pegged stablecoin, signaling continued innovation in digital finance.

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

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

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

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

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?

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

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!