Podcasts about Appreciation

In today's episode of the Source Clarity Podcast, we explore one of the most underestimated spiritual arts: the mastery in appreciation.If you're calling in something big — the relationship, the career, the abundance, the breakthrough — your ability to appreciate the smallest moments becomes the foundation that allows the big things to arrive. Appreciation isn't just gratitude… it's an energetic skill, a frequency, a way of relating to your life that opens doors that force never could.In this conversation, we dive into:How appreciation actually expands your capacity to receiveWhy your manifestations depend on micro-moments of noticingHow to train your nervous system to feel safe with moreThe science, the energetics, and the practical ways to begin this mastery todayIf you've been wanting deeper clarity, more alignment, and a grounded way to shift your vibration — this episode is going to resonate deeply.Thank you so much for being part of the Source Clarity community. Your presence in this space means everything, and we're honored to walk this journey with you.

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In today's episode, we dive into one of the most powerful shifts you can make in your life: appreciation. Appreciation as awareness, presence, softness, and self-respect.We talk about why what you appreciate, appreciates — and how noticing the small, quiet miracles around you completely rewires your mind, deepens your relationships, and brings you back home to yourself.This episode is a reminder that you can't attract from lack—you attract from contentment, from noticing, from choosing to say “thank you” for even the simplest things.If you've been chasing, forcing, comparing, or doubting… this episode is your gentle reset. A slower breath. A softer perspective. A reminder that nothing is missing — and that appreciation is the energy that brings everything you want closer.With love,Mafe

In this special episode, we welcome back Lindsay Whorton, President of the Holdsworth Center, to discuss her new book, A New School Leadership Architecture: A Four-Level Framework for Reimagining Roles. We dive into why the current model for school leadership is unsustainable and explore a new framework for building capacity and driving results in Texas public schools and beyond. The Holdsworth Center is a nonprofit focused on building and strengthening leaders for Texas public schools. Texas educates 10% of the nation's children, and the challenges faced there—like high teacher turnover and the increased complexity of the principal and superintendent roles—reflect national trends. Lindsay explains that we have created leadership roles that are "pretty close to impossible" for an average person. A core mistake is the assumption that if educators simply work harder and build the right skills, everything will be fine. We argue that the old model of the principal as the single "hero" responsible for the development of all 30-40 teachers must evolve. Lindsay's framework offers a way to diagnose and restructure leadership roles to create shared leadership and meaningful stepping stones for development. It's about getting clear on the different leadership jobs and how they relate, moving away from an unhelpful hierarchy and toward an ethos of sharing power. Key Takeaways: The Impossible Job: The current principal role, where one person is the primary developer for an entire staff of 30-40+ teachers, is unsustainable, especially with new teachers entering the profession with limited preparation. The Four-Level Framework: The book outlines a four-level architecture—Team Member, Team Leader, Bridge Leader, and School Leader (Principal)—each with a unique leadership mission for building capacity and delivering results . The Bridge Leader: This key middle layer is vital for coaching Team Leaders, ensuring coherence, and connecting the different levels of the school. It also creates meaningful, smaller-jump development opportunities for future principals. A Shift in Identity: Moving into new leadership roles requires not just new skills and time allocation but a fundamental shift in professional identity, often requiring leaders to "release control" and trust their colleagues. AI and the Human Core: As technology changes the future of work, cultivating the "most human" skills—like recognizing the beautiful, feeling confident, and building relational capacity—becomes even more critical in education. Why You Should Listen: If you work in education, you understand the increasing pressure on school leaders and teachers. This conversation offers a practical, thoughtful, and evidence-based way to rethink your school's operating structure, unlock the untapped leadership potential (the "stranded brilliance" we discuss) in your building, and create a system where success doesn't depend on "superheroes". We provide a blueprint for supporting your current staff while developing the next generation of resilient school leaders. Subscribe, like, and follow Trending in Education wherever you get your podcasts. Time Stamps: 00:00 Welcome Back to Trending in Education 00:16 Introducing Lindsay Whorton and Her New Book 01:18 The Holdsworth Center's Mission and Impact 03:03 Challenges in Leadership Development 07:52 The Importance of School Culture 11:45 Reimagining School Leadership Roles 15:44 Developing Leadership Capacity 17:58 Transitioning from Teacher to Coach 19:26 The Player-Coach Experience 20:39 Challenges in Professional Development 21:29 Introducing the Four-Level Leadership Framework 22:18 Exploring the Four Levels of Leadership 24:20 The Role of the Bridge Leader 28:12 Leadership and Control 29:50 The Impact of AI on Education 33:02 Final Thoughts and Appreciation

What if the most powerful thing you could bring to Thanksgiving this year wasn't your famous [insert random comfort food], but a grateful heart your kids can actually see? In this episode, Kent and Lawson help dads get super practical about gratitude, right in the middle of a noisy, entitled world. Using the word GRATEFUL as an acrostic, they walk through eight anchors for a dad's heart: Grace, Reflection, Appreciation, Thanksgiving, Empathy, Faith, Understanding, and Love. You will hear stories about tiny frogs in a muddy trail, anonymous generosity on YouTube, benefit dinners that do not go as planned, and friends who choose gratitude in the middle of crushing loss. Together, Kent and Lawson connect these real-life moments to Scripture and to simple ideas you can try with your own family this Thanksgiving. Whether you want a quick conversation starter around the table, a game to play with your kids, or just a reset for your own attitude before the holiday rush, this episode will help you trade comparison and entitlement for a grateful, open-handed way of living.   We'll also include the Scriptures we referenced below, in case you want to go back and study them for yourself.   G - Grace: "For from his fullness we have all received, grace upon grace." — John 1:16 (ESV) R - Reflection: "I will ponder all your work, and meditate on your mighty deeds." — Psalm 77:12 (ESV) A - Appreciation: "Give thanks in all circumstances; for this is the will of God in Christ Jesus for you." — 1 Thessalonians 5:18 (ESV) T - Thanksgiving: "Enter his gates with thanksgiving, and his courts with praise! Give thanks to him; bless his name!" — Psalm 100:4 (ESV) E - Empathy: "Rejoice with those who rejoice, weep with those who weep." — Romans 12:15 (ESV) F - Faith: "Now faith is the assurance of things hoped for, the conviction of things not seen." — Hebrews 11:1 (ESV) U - Understanding: "Trust in the Lord with all your heart, and do not lean on your own understanding." — Proverbs 3:5 (ESV) L - Love: "We love because he first loved us." — 1 John 4:19 (ESV)   We've launched video now! Check out the video version of today's episode on YouTube: https://youtu.be/f6LfEomB-Jk    -----------------------------------------------------------------------   Range Leather: Support the show and upgrade your fatherhood swag. Shop Range Leather and get 15% OFF with code MJ15 Grab some fresh beans! https://rangecoffee.com/   Fatherhood Guard – Connect with dads from over 20 states and at least 2 countries by joining the Fatherhood Guard. Grab your welcome hat at https://manhoodjourney.org/donate/fatherhood-guard/     Buy Kent's latest book: Don't Bench Yourself on Amazon   Read the new State Of Biblical Fatherhood report here: http://manhoodjourney.org/sobf Find tools to share the report here: https://manhoodjourney.org/sobf-tools   Have a topic you want us to touch on? Well, get in touch! Send us an email at: info@manhoodjourney.org   -------------------------------------------------------------------------   About our hosts: Kent Evans is the Executive Director and co-founder of Manhood Journey, a ministry that helps dads become disciple-makers. After a twenty-year career as a business leader, he embarked on biblical Fatherhood ministry projects. He's appeared on television, radio, web outlets and podcasts. He's spoken at parenting and men's events, and authored four books. The first, Wise Guys: Unlocking Hidden Wisdom from the Men Around You, was written to help men learn how to find mentors and wise counsel. The latest, Don't Bench Yourself: How to Stay in the Game Even When You Want to Quit, aims to help dads stay present in their roles as fathers and husbands even when they feel like giving up. Kent's life has been radically affected by godly mentors and his lovely wife, April. They have been married thirty years and have five sons and one daughter-in-law. He lives in Louisville, Kentucky. Lawson Brown is husband to his high school sweetheart, a father of two young adult daughters, has been a business leader since 1995, and is a former Marine. He served as a small group leader for teenage boys for many years, helped start the Christian media ministry City on a Hill Productions, then later Sanctuary – a new church in Kennesaw, GA – where he served as its leader for Men's Ministry. Lawson's journey of faith has always been centered in a grounding from his wife, Audrey, and supported throughout by many men whom he's found as brothers along the way. His family is nearing an empty nest phase and has recently relocated to the Florida Gulf Coast beaches area.

In this episode of Loral's Real Money Talks, real estate expert John Casmon joins the show to talk about the power of multifamily investing and how he went from a W-2 marketing career to partnering on more than $145M worth of apartments. John shares how losing his job during multiple economic downturns pushed him to build a plan B through multifamily investing, and why partnering with the right teams can completely change your trajectory.We explore the three pillars of smart multifamily investing: market selection, team quality, and deal criteria. John breaks down how he evaluates markets, why he prefers B-class properties, and how investors can protect themselves in a shifting economy. He also shares his lessons from choosing partners, selecting vendors, creating deal criteria, and navigating market cycles with confidence.Whether you're new to multifamily investing or ready to scale, this episode gives you the clarity, strategy, and confidence to move forward.Loral's Takeaways:John Casmon's Journey from Corporate America to Real Estate Investing (00:05)Challenges and Opportunities in Real Estate Investing (02:20)The Role of Mentorship and Current Market Conditions (05:06)John Casmon's Deal Criteria and Investment Philosophy (08:09)Structuring Real Estate Deals and Lessons Learned (11:54)Lessons on People, Cash Flow, and Appreciation (16:24)Involving Children in the Real Estate Business (19:37)Meet John Casmon:Website: https://casmoncapital.com/Youtube: https://www.youtube.com/@JohnCasmonMultifamilyPodcast: https://podcasts.apple.com/us/podcast/multifamily-insights/id1269346577Instagram: https://www.instagram.com/jcasmon/?hl=enMeet Loral Langemeier:Loral Langemeier is a money expert, sought-after speaker, entrepreneurial thought leader, and best-selling author of five books.Her goal: to change the conversations people have about money worldwide and empower people to become millionaires.The CEO and Founder of Live Out Loud, Inc. – a multinational organization — Loral relentlessly and candidly shares her best advice without hesitation or apology. What sets her apart from other wealth experts is her innate ability to recognize and acknowledge the skills & talents of people, inspiring them to generate wealth.She has created, nurtured, and perfected a 3-5 year strategy to make millions for the “Average Jill and Joe.” To date, she and her team have served thousands of individuals worldwide and created hundreds of millionaires through wealth-building education keynotes, workshops, products, events, programs, and coaching services.Loral is truly dedicated to helping men and women, from all walks of life, to become millionaires AND be able to enjoy time with their families.She is living proof that anyone can have the life of their dreams through hard work, persistence, and getting things done in the face of opposition. As a single mother of two children, she is redefining the possibility for women to have it all and raise their children in an entrepreneurial and financially literate environment. Links and Resources:Ask Loral App: https://apple.co/3eIgGcXLoral on...

Appreciation! Gratitude!! Thanks!!! My constant wish for you is for peace, love, understanding, kindness, compassion, and empathy. May you find yourself swimming in all of it. May you offer these to others and share your abundance! Please find something to be THANFUL for.  The Music Authority Podcast...download, listen, share, repeat… heard daily on Belter Radio, Podchaser, Deezer, Amazon Music, Audible, Listen Notes, Mixcloud, Player FM, Tune In, Podcast Addict, Cast Box, Radio Public, Pocket Cast, APPLE iTunes, and direct for the source distribution site: *Podcast - https://themusicauthority.transistor.fm/  AND NOW there is a website! TheMusicAuthority.comThe Music Authority Podcast! Special Recorded Network Shows, too! Different than my daily show! Seeing that I'm gone from FB now…Follow me on “X” Jim Prell@TMusicAuthority*The Music Authority on @BelterRadio Monday, Tuesday, Thursday, Friday 7 pm ET & Wednesday 9 pm ET*Radio Candy Radio Monday Wednesday, & Friday 7PM ET, 4PM PT*Rockin' The KOR Tuesday, Wednesday, and Thursday at 7PM UK time, 2PM ET, 11AM PT  www.koradio.rocks*Pop Radio UK Friday, Saturday, & Sunday 6PM UK, 1PM ET, 10AM PT! *The Sole Of Indie https://soleofindie.rocks/ Monday Through Friday 6-7PM EST!*AltPhillie.Rocks Sunday, Thursday, & Saturday At 11:00AM ET!November 21, 2025, Friday, back with new podcasts on December 1st…@Clay Howard - Kicking The Stars [Clay Howard Doesn't Know Who You Are Either] @Michael Slawter - Emily Cries [The Plastic Years]@Danna & The Changes - Baby Love [Popboomerang Records- Making A Big Sound] (@Popboomerang Records)@Touch The Buffalo - In Six Heads About It@Del Shannon - Two Silhouettes@Goodbye Victory Road - Pop Art Shirt@The B-Girls - 'B' Side [Who Says Girls Can't Rock]@Jeff Slate - Heartbreak [The Last Day of Summer]@Eddy Best - Town Without Pity@The Cryers - Just A Little Rain@Abbie Barrett - Here To Stay [I Will Let You Know] (@Rum Bar Records)@Chris Rea - Fool (If You Think It's Over)@Mimi Betinis - This Girl [Music Sounds]@No Parking For Caravans - Before I Go To Sleep [Where The Fire Escape Touches The Ground]@Kevin Robertson - Make Believe [Magic Spells Abound] (@Futureman Records) (@Subjangle)@The Weeklings - Change Your Mind [3] (@Jem Records)@Cindy Lawson - I'm Not the Only One [New Tricks] (@Rum Bar Records)@Joel Tyler Wall - Stranger [F.I.T.H.] (koolkatmusik.com)@The Courettes - Killer Eyes [Outtakes & B-sides From The 'Back In Mono' Session] (@Damaged Goods Records)@Side Play – Faith And Kindness

Send us a textThere is a massive difference between being polite and being strategic.Most women leaders are courteous. They say "thank you" and acknowledge hard work. But most miss the specific leadership opportunity that separates middle management from executive leadership: Strategic Appreciation.Real influence isn't just about delivering results; it's about building a network of professional goodwill that becomes currency when you need it most. When you shift from generic gratitude to specific, impact-focused recognition, you stop being just "nice" and start positioning yourself as a leader who understands outcomes and elevates the people around you.In this episode of Communicate to Lead, Kele breaks down exactly how to use strategic appreciation to strengthen relationships and build your leadership brand. With Thanksgiving week approaching, there is no better time to implement this low-stakes, high-impact strategy.In this episode, you will learn:The "Polite vs. Strategic" Trap: Why generic "thanks for all you do" emails are noise, not leadership, and how to shift your approach.The 5 Categories of Influence: The specific people you need to appreciate this week (including the one category most women overlook).The 3-Part Framework: A simple formula for writing recognition messages that land with impact and make you memorable.Career Positioning: How this 10-minute practice signals executive presence and gets you advocated for in rooms you aren't in.Next Steps:This Week's Assignment: Identify 3-5 people from the categories discussed in the episode and send them a message using the 3-Part Framework before the holiday break.About Your Host:Kele Belton is a communication and leadership facilitator, coach, and consultant who specializes in helping women leaders develop confidence and impact through strategic communication and practical leadership frameworks.Connect with Kele for more leadership insights:LinkedIn: https://www.linkedin.com/in/kele-ruth-belton/Instagram: https://www.instagram.com/thetailoredapproach/Website: https://thetailoredapproach.com

On Thursday, November 13, 2025, Hudson Mohawk Magazine Network Roaming Labor Correspondent Willie Terry attended the 'Capital District Area Labor Federation 18th Annual Appreciation Gala at the Desmond Hotel in Albany. At the event, Natasha Pernicka, Executive Director of Food Pantries of the Capital District, was honored with the CDALF 2025 Solidarity Award for her work with the pantries. Mark Emanatian, CDALF Executive Director, introduced Natasha. On Saturday, November 22, 2025, she will coordinate one of the most significant single-day food distributions in state history in the New York State Capital Region. This Labor segment is part 1 of 4 on all of the CDALF Gala Honorees.

This episode reveals how note investor Sierra Davis transformed her financial life through passive income strategies, creative deal structures, and predictable returns, offering beginners a clear and inspiring path toward building long-term wealth through notes.See full article: https://www.unitedstatesrealestateinvestor.com/rising-into-financial-freedom-through-the-power-of-notes-with-sierra-davis/(00:00) - Welcome and Guest Introduction(00:05) - Sierra's Overview of Note Investing(00:21) - Why Note Investing Appeals to Numbers Driven Investors(01:07) - How Sierra First Entered the Note Investing Space(02:30) - Using Private Money to Buy Notes(03:17) - Buying Notes at a Discount and Creating Win Win Deals(04:30) - Why Sellers Choose to Sell Their Notes(06:00) - What Happens When a Seller Financed Note Is Sold(06:57) - How Note Terms Transfer to the New Investor(07:28) - Performing vs Non Performing Notes(09:00) - Risks and Foreclosure Timelines in Different States(10:10) - Why Sierra Focuses on Performing Notes(11:04) - Closing Logistics When Notes Change Hands(11:28) - How Borrowers Are Notified of a New Note Holder(12:05) - Understanding Servicers and Borrower Communication(12:40) - The Growing Marketplace for Seller Financed Notes(13:06) - Why Good Paperwork Matters in Note Investing(14:02) - How Investors Can Structure Better Seller Financing Deals(15:00) - Qualifying Borrowers and Protecting the Note(15:45) - Down Payments, Paperwork, and Attorney Prepared Documents(16:23) - Considering Balloons and Future Tax Planning(17:05) - Using Partials to Manage Cash Flow and Reduce Taxes(18:10) - How Partials Work in Practice(19:05) - Creative Deal Structures That Serve Both Sides(20:15) - How Sierra Paid Off Her Student Loans with One Deal(21:20) - The First Note That Stopped Performing(22:05) - How She Recovered by Reselling the Property with Seller Financing(23:00) - Making Private Investors Whole Even When Borrowers Default(23:47) - Why Reserves Matter for Note Investors(24:10) - The Kansas City Deal That Became a Lesson(25:00) - Handling Non Paying Borrowers and Foreclosure Costs(25:45) - Sierra's Golden Investing Nugget(26:15) - Why Notes Complement Other Investment Strategies(27:00) - Creating Balance Between Cash Flow and Appreciation(27:45) - Investing Out of State Without Tenants or Repairs(28:10) - Sierra's Book Recommendation(28:30) - Where to Follow Sierra Online(29:00) - Episode Closing with Mattias and Erica(29:15) - Show Disclaimer and Final GoodbyeContact Sierra Davishttps://wealthwithnotes.com/https://www.facebook.com/sierra.davis.803463https://www.instagram.com/sierradavisofficial/https://youtube.com/@sierradavisofficial Your next step toward financial clarity might be closer than you think. Let Sierra's journey remind you that predictable wealth starts with one bold decision. For more guidance and interviews that elevate your future, visit https://reiagent.com

Written by Simon ChadwickCome and follow more adventures on our animated TV show on Youtube!

The Athletic's Zak Keefer fills in for Jake Query as the guys discuss the post-bye gauntlet awaiting the Colts, starting with Patrick Mahomes and the desperate Chiefs. They also get into Jonathan Taylor's better than expected circumstances to force his way into true MVP contention, appreciate Purdue star Trey Kaufman-Renn, and talk Indiana's chances against Ohio State in the likely Big Ten Football Championship.Hoagies & Hops Hoagie of the Week: Original cheesesteakChilly Water Brewing Co. Brew of the Week: Built to Last

In this special November episode, we are swapping podcasts with Charlotte Bayala of the Cancer Caregiver Podcast. Charlotte explores the complexities of meeting expectations of gratitude during the holidays when you or your loved one is dealing with cancer. Listeners will hear an honest, grounded discussion of the mixed emotions that arise, and a breathing tool to help you deal with them in real time. By the end, listeners will have strategies for expressing gratitude authentically in difficult times. Links to Charlotte's bio and social mediahttps://www.cancercaregiverpodcast.com/Tell us your thoughts on this episode!Support the showBecome a member of The Cancer Pod Community! Gain access to live Q&As, exclusive content, and so much more! Join us today! Check out our website! Looking for more information? We have blogs, merch, and all of our episodes listed by season and category. Shop our favorite reads! We've joined with Bookshop.org to offer some of our fave books! Have a comment or suggestion? Email us at thecancerpod@gmail.com Follow us wherever you browse. We're always @TheCancerPod: Instagram Bluesky Facebook LinkedIn YouTube THANK YOU!!

Send us a textIn this short but powerful episode, Kris offers a compassionate bridge for anyone who listened to last week's conversation about appreciation and thought, “I'm not there yet.”Today's message is for the tender ones… the tired ones… and the ones stuck in a story they don't quite know how to step out of. With empathy and clarity, Kris explores the difference between presence and repetition, and why grief held in both the body and the mind requires two different kinds of attention in order to heal.Together we explore:✨ Why grief lives in both the body and the mind — and why they don't heal the same way ✨ How ‘truth' softens and opens you, while ‘loops' tighten and exhaust your system ✨ Three gentle questions that create real shift (not bypass, not pressure) ✨ Why retelling your whole backstory doesn't bring relief — and what actually does ✨ A loving message from Riven, Elira, and Soraya on leaving the familiar pain-loop with compassionKris reminds us: “Wherever you are is not a failure — it's an honest beginning.”

As we wrap up the Visionary Leadership series, Stacey delivers a motivating and practical episode about showing up as your best leader self—even when it’s hard, even when you’d rather stay under the doona. This isn’t about ticking boxes or chasing perfection. It’s about asking better questions, making small sustainable shifts, and building a version of leadership that aligns with who you actually are. In this final instalment, you’ll learn: ✨ Why wellbeing, movement, and mindset are the true building blocks of sustainable leadership✨ How to stop thinking about what you should be doing and start doing it—with ease✨ The three key questions to ask yourself: What should I be doing? What am I doing well? What would I love to do more of?✨ Why rewarding yourself for progress (not perfection) matters so much✨ And how to lead even if you’re a team of one—because your community, clients, and family are still watching Whether you're rebuilding, riding high, or stuck in the messy middle, this episode will give you the reset you need to finish strong and lead from a place of clarity, connection, and self-trust.

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In this no-holds-barred solo episode, Chris Craddock unleashes a passionate take on the newly proposed 50-year mortgage—and why the backlash from real estate professionals might be missing the point entirely. With firsthand stories of scraping by financially, and hard-won insights from years in both ministry and real estate, Chris breaks down why homeownership at any cost is better than being locked out forever.Key Takeaways:The 50-year mortgage is not a scam—it's an OPTION, and options are powerful.Most real estate pros project their own financial goals onto clients, creating unnecessary judgment.Appreciation—not just principal paydown—is what builds generational wealth.Time in the market matters more than timing the market.The average homeowner has 48x the net worth of the average renter.Buying anything, even with a long-term note, beats renting for life.Gatekeeping homeownership is only widening the wealth gap.Real estate agents should be educating, not shaming.Connect with Chris:Instagram: @craddrockFacebook: Chris Craddock BusinessResources

Appreciation can lift a team or quietly erode it, and Sarah Lockwood breaks down why the difference often comes down to whether people feel genuinely seen.   In this solo episode, she explains why the usual holiday scramble for company gifts rarely creates the connection leaders intend and why Thanksgiving offers a clearer moment for gratitude that feels personal instead of performative. Sarah shares how a simple note or a small, thoughtful gesture can shift how someone experiences their work, and she challenges leaders to consider what their gifts say about their culture. A day of rest signals care, a learning budget signals curiosity, and a mismatched gift signals a gap between stated values and lived values. She also covers the practical side of appreciation with tools like Goody that let teams choose their own gift while still giving leaders room to add a personal message.   Sarah closes by reminding listeners that recognition works best as a steady habit. Even one specific thank you can strengthen trust, and she encourages leaders to pause, notice one meaningful contribution, and send a message that proves someone's effort didn't go unseen.   Episode Breakdown: 00:00 The Art of Meaningful Employee Appreciation 01:25 Why Thanksgiving Is the Perfect Moment for Team Appreciation 04:05 The Power of Specific and Authentic Gratitude 06:10 Choose Gifts That Reflect Your Company Values 07:02 A Practical Tool for Personalized Corporate Gifting (Goody) 08:09 Make Recognition a Habit, Not a Holiday Task   Links: Goody   Connect with Sarah Lockwood: Visit HiveCast Connect with Sarah on LinkedIn   Connect with The Conscious Entrepreneur: The Conscious Entrepreneur  Follow The Conscious Entrepreneur on LinkedIn Follow The Conscious Entrepreneur on Instagram  Subscribe to The Conscious Entrepreneur on YouTube   HiveCast.fm is a proud sponsor of The Conscious Entrepreneur Podcast. Podcast production and show notes provided by HiveCast.fm

Ever wondered what Dr. Deming really meant by "profound knowledge" — and how it can still transform your work today? In this conversation, Bill Scherkenbach shares with host Andrew Stotz lessons from Dr. W. Edwards Deming on profound knowledge, systems thinking, and why "knowledge without action is useless, and action without knowledge is dangerous." Tune in for wisdom, humor, and practical insights on learning, leadership, and finding joy in work. TRANSCRIPT 0:00:02.2 Andrew Stotz: My name is Andrew Stotz, and I'll be your host as we dive deeper into the teachings of Dr. W. Edwards Deming. Today, I'm continuing my discussion with Bill Scherkenbach, a dedicated protege of Dr. Deming since 1972. Bill met with Dr. Deming more than a thousand times and later led statistical methods and process improvement at Ford and GM at Deming's recommendation. He authored the Deming Route to Quality and Productivity at Deming's behest, and at 79, still champions his mentor's message, learn, have fun, and make a difference. Bill, how are you doing?   0:00:36.3 Bill Scherkenbach: Doing great, Andrew. How about you?   0:00:38.6 Andrew Stotz: I'm good. It's been a while since we talked. I took a little holiday to Italy, which was. I was out for a bit, but I'm happy to be back in the saddle.   0:00:48.9 Bill Scherkenbach: Dove in Italia?   0:00:51.3 Andrew Stotz: Yes.   0:00:52.5 Bill Scherkenbach: Where in Italy?   0:00:53.6 Andrew Stotz: Well, I went to Milan for a trade show in the coffee industry, and then I went to Lake Como and relaxed and oh, what a paradise.   0:01:03.2 Bill Scherkenbach: Beautiful. Beautiful. Yep.   0:01:05.0 Andrew Stotz: And, of course, always great food.   0:01:09.4 Bill Scherkenbach: Yep, yep, yep. Well, you have a chance to use the PDSA on improving your mood there.   0:01:16.6 Andrew Stotz: Yeah, it was just... The resort I stayed at was a tiny little place on the side of a hill, and the food at this tiny little place was fantastic. We just didn't want to leave. Every single meal was great. So I love that. Who doesn't love that?   0:01:34.4 Bill Scherkenbach: They didn't have a food cart in the background.   0:01:38.0 Andrew Stotz: Yeah. In fact, they didn't really open for lunch.   0:01:39.8 Bill Scherkenbach: Like what they do over here.   0:01:41.3 Andrew Stotz: Yeah, they didn't open for lunch. They only served sandwiches at 2pm so we had to hold out. But we still, the sandwich was so good. We just thought yeah, just wait.   0:01:51.3 Bill Scherkenbach: Early lunch. Yep.   0:01:53.3 Andrew Stotz: Well, you've got some interesting stuff to talk about today, and I'm gonna share the screen, and then I think we can kick it off from there. So let me see if I can get that up straight here. One second in. All right, so hopefully, you see a white screen that says profound knowledge. You see that, Bill?   0:02:16.0 Bill Scherkenbach: Yes, I do.   0:02:17.2 Andrew Stotz: All right, well, let's... Yeah, let's. Let's get into it.   0:02:23.2 Bill Scherkenbach: Oh, okay. I'll go from the bullets that I've got, and we'll hear from Dr. Deming and how he couched it in a little bit, in a few minutes, but he recognized that leaders would say they had the knowledge. Oh, yeah, we do SPC. We follow Deming's philosophy, we do that. But they really only knew the buzzwords. And to an extent, and I don't know how he came up with the word profound, but I do know in speaking with him that he intended it to be a degree of expertise that was beyond the buzzwords. Now, he said you didn't have to be an expert in it, but you had to know enough to be able to understand it and in fact, use it, as we'll talk about in a little bit. And knowledge obviously includes, as he said, an appreciation for a system and variation and knowledge and psychology. And as we'll hear in the audio, he also didn't really limited to that when he said there was there... His point, main point was that there are a whole bunch of interrelated subject matters that are very, very useful in managing your business or managing any organization.   0:04:17.1 Andrew Stotz: You know, I was thinking about that word profound. It's oftentimes wondering exactly what is meant by that. This is helpful to help us understand. It's, number one, about expertise. And I think the thing that I've always also felt is like, when you understand appreciation for a system, knowledge about variation, theory of knowledge and psychology, it, like things click, like it comes together, it's a whole. And that's the way I've thought about it. But that's interesting about the expertise aspect.   0:04:51.8 Bill Scherkenbach: Yeah. And that's something Don Peterson at Ford spoke about. He gave a very good talk to our leaders with Dr. Deming in attendance. And he said that a lot of you have said, "Oh, yeah, we already do this at Ford, " but you have to come to grips with a lot of you have been promoted for perhaps the wrong reason throughout your career, and you're gonna have to change. The change starts with us. So that was very impactful for Dr. Deming to listen to that.   0:05:32.7 Andrew Stotz: Yeah. And I just thought about the idea of profound action. Like, once you get this knowledge, does that mean that you're going to also, you know, the way that you do things is going to change substantially.   0:05:47.3 Bill Scherkenbach: Yeah. I mean, that's been a philosophical question. In one of the slides, I quote Confucius. About 2500 years ago, essentially saying knowledge without action is useless and the action without knowledge is pretty dangerous. But that's been consistent with Eastern and Western. Aristotle did the same thing, and Mid Eastern folks did it as well. Philosophers dealing with, yeah, we've got knowledge, but everyone agrees, at least in the good thinker role, that, that you've got to take action, otherwise it's useless. Okay, so we've got, and the subject matters, as I said, are not new. And he coalesced on four, but the general thought was that. And you've got to remember Dr. Deming was a classically trained physicist in the 1920s. And because of that a lot of, although it had been a few years, but they were very aware that everything started in the both, the eastern philosophies and western philosophies. Everything started with philosophy. Science wasn't a separate subject matter. And so everything was connected on how people should live, on how the stars move, a whole bunch of stuff. It all was philosophy. And these various subject matters evolved over the years.   0:07:50.6 Bill Scherkenbach: So even though he stopped it for his general intent was that a whole bunch of things are interconnected. If you go study these various subject matters.   0:08:05.1 Andrew Stotz: It's interesting because I attended the seminars in 1990, 1992 and then I went to Thailand and then I did other things and I didn't really keep up with it because I was in the financial world and doing my thing. And then I got The New Economics years later and there was this discussion about System of Profound Knowledge. And then I think about also going back to your previous discussions of what it was like being in a classroom with Dr. Deming when you first met him and studied with him. You know, that these things were going on. Obviously he had a deep understanding of variation. He definitely understood about the theory of knowledge from his scientific background. But I'm just curious, as you... It's interesting what you said, these things are not new. It's the way he brought them together. I just find that, that fascinating. How do you see that journey for him going from when you first met him to a very full formed concept or theory of profound knowledge at his later years?   0:09:15.3 Bill Scherkenbach: Yeah, I think things just solidified or codified. I mean, when I first met him in '72 at New York University Graduate School of Business, he didn't have 14 Points. He didn't have the Deadly Diseases. So none of the stuff that were codified as he progressed. I mean the one thing that I've mentioned it a number of times, the most important thing I learned from him is that you never stop learning. And he epitomized that sense of continual learning in improving oneself. So he tried to learn from everyone. But, but yes, for instance, as I mentioned, he was a degreed physicist and ended up doing a whole bunch of. And that transitioned into statistics which was a relatively. Well, I'm going to say everything is relative. But new in operationalizing the use of statistics besides counting people and the experiments at Rothamstead for agriculture. I mean, that really was some of the... But the earlier stuff, yeah. Was helping their patrons gamble better.   0:11:02.0 Andrew Stotz: And so I often take comfort in your descriptions in the first episodes about how he hadn't put all of these things in place at the age of 72. And I think there's still hope for me, Bill, to figure it out and put together my grand thinking.   0:11:22.7 Bill Scherkenbach: Yeah. Oh, no, I understand. I mean, I'll be 80 in less than six months. But he really, he started out getting his foot in the water here anyway when he was 79 also. So there's a chance. There's a chance.   0:11:46.4 Andrew Stotz: There's a chance. All right, well, the next slide, you're talking about the connections.   0:11:51.6 Bill Scherkenbach: Yeah. Again, all the subject matters are, again, evolve from philosophy and they all are interconnected in many, many ways. So, yeah, if you could play what Dr. Deming's introducing, that might set the stage.   0:12:14.0 Andrew Stotz: Okay, let me play this audio. Hopefully it comes across. Okay.   [video playback] Dr. Deming: Let us begin our study of Profound Knowledge. Profound Knowledge. Provides a roadmap to transformation, not just change, but a roadmap to transformation. Nothing else will satisfy our needs. Not just change, a roadmap to transformation into a new state. The System of Profound Knowledge, appears here in four parts, all related to each other: first, Appreciation for a System. Which we shall study, we shall study a system, and soon, I won't keep you waiting. And Theory of variation and theory of knowledge and knowledge of psychology and add anything you please, sociology, anthropology, whatever you please. I present these four parts to Profound Knowledge. They are interdependent, they cannot be separated. One need not be imminent in any part of Profound Knowledge in order to make it, in order to understand it and apply it.   0:13:30.9 Andrew Stotz: That's quite a mouthful.   0:13:33.1 Bill Scherkenbach: Yes, it is. Yes, it is. What I've got to do is go back to the tapes and get the lead in and follow on to that. But yeah, that's how he introduced profound knowledge in his later seminars.   0:13:56.2 Andrew Stotz: So what would this have been? What, 1990, 1991, 1992?   0:14:03.8 Bill Scherkenbach: Well, probably, I would say, yeah, maybe '89.   0:14:10.6 Andrew Stotz: Okay.   0:14:11.9 Bill Scherkenbach: In there. Yeah.   0:14:13.8 Andrew Stotz: So I took out a little transcript of that and I want to just go through a couple quick points, if you don't mind. He starts off by talking about it's a roadmap to transformation, not just change. Why would he say transformation rather than just change?   0:14:38.6 Bill Scherkenbach: Well, he changed really, transformation. And he thought a metamorphosis would be better. There's a butterfly in there somewhere, but it needs change. And it's not just, I know he mentioned the western style of management, but in my travels, Eastern style of management is just as bad. And again, knowledge is, is literally encompasses space and time. Looking at the past, projecting or predicting the future, little space, great space. And when you look at Western philosophies or western style management, we have emphasized the individual. So restricted space and short term. And the eastern philosophy of management took a longer term viewpoint of things. And they said it's not the individual, it's the team, the family. In my opinion, you have to, everyone, no matter where you live in the world has to balance those two, being able to take joy in your work as an individual. To be able to take joy in your work as a member of the team. And, I mean, I've been asked years ago, how long would it take? And I would say, "Well, Deming says it'll take 30 years." So over here in the US it's going to take a long time, but it's not going to take a long time in Asia, it's only going to take them 30 years. So time is relative, so is space.   0:16:53.2 Andrew Stotz: And there's something else he said in here that if you could try to help me understand and help the listener understand it. He talks about, you know, he gives a summary, theory of variation, theory of knowledge, knowledge of psychology. And then he adds in this line, "add anything you please, sociology, anthropology, whatever you please." What does he mean by that?   0:17:16.6 Bill Scherkenbach: That's what I said before he came from the the school that everything started with philosophy and things broke off science and all of these various disciplines. What he's saying is he's gone to, his theory of profound knowledge is included these four. But the general message is any discipline is interconnected with each other. So you don't have to be restricted to these four. And you're going back to how knowledge was developed in the first place. And perhaps it could be full circle, although I'm not going to get bogged down with the potential of AI contributions. But you need to, you need to recognize that many, many subject matter are interrelated because they were spawned from the original Eastern philosophy and Western philosophy.   0:18:37.5 Andrew Stotz: And one last thing on this, he wraps it up with this statement that also, you know, particularly given his depth of knowledge of the subject, he said, "One need not be imminent in any part of profound knowledge in order to make it, nor to understand it and to apply it." Why do you think he had this need to explain that you don't really have to know this in super deep detail?   0:19:02.7 Bill Scherkenbach: Well, I think he was being off a little bit. The word profound scares a lot of people. And so there's again a balance. You need to go far beyond the buzzwords, but you don't need to be an expert in any of those fields in order to grasp and be able to in some cases, I think, contribute to them. So he's saying that he's trying to better explain or define the word profound.   0:19:48.8 Andrew Stotz: Yep. Okay, now the next slide is incredible. A lot of different things on here that you're showing. Maybe you can explain what you're getting across in this one.   0:19:57.9 Bill Scherkenbach: Yeah, this is a MEGO chart. My Eyes Glaze Over. What I tried and I'm. I'm continually updating it. The different colors are from the fields of statistics, the fields of epistemology, psychology and systems thinking. And I'm linking a whole bunch of them together to show that there are similar thoughts in all four of these fields that contribute to a better understanding and use of all of them. Now the next slide, hopefully is more visible. It should be. I'm focusing on a stable process, which is statistical concept. Stable process means you've got by definition of Shewhart. There's a... Deming would call them common causes. When common causes are... When a process is stable, you're able to do design of experiments. Some of the enumerative methods work very, very well or with some degree of belief with a stable process. The red bead experiment was stable. Rule one and two of The Funnel. Stable process. Common causes in theory of knowledge. There's comment, well, I've seen that before or no, jeepers, I've never seen that that hooks up to some other special causes and statistics. There's a concept in theory of knowledge where you're talking about general providence or specific providence that the storm just, it hit everyone and pick out anyone in systems thinking you can only have a stable process if you have negative feedback loops and negative feedback.   0:22:40.0 Bill Scherkenbach: Again, I think I had mentioned in a previous discussion with you, negative doesn't mean it's bad. It just means it closes the loop and it seeks a stasis so, and that's the only way you're going to get. I'll simplify just about the only way you're going to get a stable process. There's a negative feedback loop in there somewhere. Stable process leads to long term thinking versus short term thinking, the theory of knowledge, empirical knowledge is never complete. Knowledge is theory applied over time. Stable process over and over and over again. The theory matches the data or what you predict, you then have knowledge. So the point is that, that there are a number of specific learnings. Well, for instance, let me see here, what's on. I have to adjust this. Okay. From psychology you've got what the psychologists call a fundamental attribution error. And that is mistaking who, as Dr. Deming says, who, who did it, who did it, did the people do it? Or did the system do it? Did the process do it? And in psychology, although it's in a different place, you've got following Rule 3 of The Funnel is a psychological term called complementary schismogenesis.   0:24:42.3 Bill Scherkenbach: And that's easy for me to say, going back to the Greek schism of split in genesis of a birth of a split. What that means is in psychology it's two people trying to one-up another. I've got this example. Well, I can do it. I mean, who, yeah, and the move or the musical Annie Oakley. Anything you can do, I can do better. So, psychology has observations and subject matters that they didn't have a clue. That was rule 3 of The Funnel. So my point in looking at all of these is that as you dig into things, they are interrelated. Now I haven't dug through anthropology or started. I've just restricted it to the four things Dr. Deming spoke about. But that would be a challenge to our listeners. If you really know some of these sciences, some of these bodies of knowledge, how are they connected? Okay. The aim of profound knowledge, he says, has to have an aim. Confucius in the East, Aristotle in the West, and in the Mid east, someone essentially said knowledge without action is useless and action without knowledge is dangerous.   0:26:51.0 Bill Scherkenbach: And Deming said the aim of a system, of his System of Profound Knowledge is action. And as we discussed previously, it's a transformation of Western, I think it's a transformation of Eastern and Western style of management. And he, the way he pronounced it was metamorphosis. And I will have to check the OED, Oxford English Dictionary. I haven't done that yet. But he has been 100% right in his pronunciation and usage of the English language. So as I said, there's got to be a butterfly in there somewhere. But he's talking about a major, major shift, major rebirth if you will, management. Systems theory. A lot of this is obvious and these are what he mentioned in his, not Out of the Crisis, but The New Economics. A network of interdependent components that work together to try and accomplish its aim. And, and he, and this I had mentioned earlier, I think that in his work. Well, I've got... Going back to some things, this is a 1954 speech he gave in Rome and this is a 1940 speech he gave. And because he was a Renaissance scholar, they were talking about a Systems View before it was popular.   0:29:06.5 Bill Scherkenbach: Everyone knows that he introduced the improvement on the old: design it or spec it, make it, try to sell it. And he introduced his expertise, sampling theory to be able to check on the customers and see what they think about stuff and be able to create a system of production instead of just one way through. Now. And I'm sure anyone who has read any of his books knows he spoke about the interdependence. He said in the example he gave was bowling. You just add up the scores. In the orchestra, you don't use a bunch of soloists, but they have to work together to be able to make sure that the result is what the composer, well, we don't know, I don't think what modes are intended.   0:30:28.9 Andrew Stotz: One of the things that's interesting about that orchestra concept is even, you know, it's a relatively complex system, but there's a score, there's a rule book, there's a play guide, here's what we're going to play. But sometimes with business there is no guide particularly, you know, you're running your own business relative, you know, you're focused on your own development of your own business. And it's not like you wake up every morning and there's a manual that says, "Here's what you do, here's what you play today." Which makes it that interdependence even more difficult and the need for communication and cooperation even more challenging. I have a client of mine that they've struggled to get the team to work together. But what I've also found is that they never sat down as a team and really had honest discussions consistently to try to break down the barriers and figure out how we're going to work together for this aim. So I'm curious about how do you look at business compared to, let's say, that orchestra example?   0:31:36.9 Bill Scherkenbach: Well, yeah, and Deming made that exact same point, at the far end of complexity or just about is business. They are far more complex and require far more interaction than the orchestra. Now, in trying to operationalize Dr. Deming's philosophy, I've tried to emphasize. And we've got a process to be able to create a vision and it obviously is followed by mission, values and question. We covered the physical, logical, emotional a few talks ago. But, but you have to... Top management has to have that vision that will include everyone in its and all sorts of voices in its creation. And then you have to have a way to be able to master that vision or make sure that that vision is operationalized. And that requires a whole bunch of feedback loops, if you will, systems thinking, a whole bunch of being able to work with people. And so it literally needs the application of profound knowledge from the management's perspective. You need to be able to operationalize your vision, not just come up with the vision and put it on the bookshelf.   0:33:34.5 Andrew Stotz: And the final bullet, says "the obligation of any component is to contribute its best to the system, not to maximize its own production, profit or sales, nor any other competitive measure." Oftentimes in the world of finance where I teach and I work, a lot of stuff, people think that the objective is to maximize profit, but the reality is the objective is to maximize value. And so when we look at, for instance, the value of a business, it's two components. Number one, the profit, which you could consider is kind of in the numerator. And then we reduce the profit by the denominator, which is risk. So think about it. If you were to invest money in two projects. One, you invest $100 in two projects, and one is very proven and you're very confident that this is going to work, and the other one is brand new, very possible it doesn't work. We would reduce the second cash flow and say, "Well, yeah, the amount we're investing is $100, but the reality is the cash flows may or may not hit." So we would reduce the value by the risk. And I try to help my young students particularly understand that it's an intricate balance of profit and risk. And if you overemphasize profit, you could be increasing the risk, which actually doesn't increase the value of the company.   0:35:07.0 Bill Scherkenbach: Yeah. And Dr. Deming had a similar statement saying that the cost of something doesn't mean anything. It's the value of what you get for the cost and value is determined by the quality. My look at systems theory, especially the obligation this last one is to contribute its best to the system. What many people forget is as I mentioned in the beginning, everything is defined as in space and time. And Bill Ouchi who wrote the book Theory Z stated that... And this is an eastern management concept that you have to have, I guess, corporate knowledge because in order for someone to say, "Okay, this department, I'm going to..." Well, for instance, lunches, the corporate lunch room will lose money so that the corporation can make. So the people would stay on site and be able to contribute more work. But that's in the longer term. And so if someone steps aside today to let someone else get the kudos or the credit, the corporation needs to remember that. He called it societal knowledge or memory. And if you ended up being saying, "Screw you, I'm taking what's owed to me, " that also will be remembered. So you have to introduce the dimension of time to any systems theory view. Time and space.   0:37:36.3 Andrew Stotz: You mentioned about... Oh, go ahead.   0:37:40.5 Bill Scherkenbach: No, it's a statistician's attempt at humor before Einstein. Yeah.   0:37:49.6 Andrew Stotz: You mentioned about metamorphosis and you mentioned about transformation and I was just looking it up and let me maybe if I'll read out what I found. "Metamorphosis is a biological stage based change. Like a caterpillar turning into a butterfly. It implies a natural structured process. Transformation is a broad change in form, character or condition. It can be physical, emotional or organizational. In short, every metamorphosis is a transformation. But not every transformation is a metamorphosis."   0:38:26.2 Bill Scherkenbach: Good point. Understand.   0:38:30.7 Andrew Stotz: So let's continue.   0:38:35.0 Bill Scherkenbach: Okay. Variation. I think the first noble truth of Buddhism is "life is suffering." And Deming equated variation with suffering. So when I presented similar slides to my friends in Asia, I... Life is variation.   0:39:02.2 Andrew Stotz: That's great.   0:39:03.0 Bill Scherkenbach: Now there are two extremes in taking action on variation. Well, in taking action, I know this is in front of us, but Dr. Deming spoke about Shewhart's contribution. And that is the two mistakes that people can make with variation, while in taking appropriate action on variation. And one is mistaking common cause for special causes or special causes for common causes. And that's really the primary view. But Deming seminars showed that if you're going to take action, there also are two extremes in taking action. And one was every action taken tends to make things worse, which he used The Funnel experiment. And the other extreme is every action taken has no effect on the variation. And that's obviously the red bead experiment. And so he, those were the two extremes that he wanted to show and demonstrate to people in order to solidify the folks learning. Theory of knowledge. Okay, Management is prediction, temporal spread, space and time absolutely required, knowledge is built on theory.   0:40:50.5 Bill Scherkenbach: He got that from Shewhart and indirectly through C.I. Lewis and on knowledge being built on theory. And with that, that jogged my mind as far as coming up with my theory-question-data-action cycle, which is a bit different than the Plan-Do-Study-Act cycle. But in knowledge development knowledge is built on theory. So anytime any data that you see you and he asked, he told people, by what method did these data get to me? If you see data you have to ask that. If you see data you have to say what was the question that was asked? If you're a question asker, questions come from theory. They're connections of concepts in your mind. And so theory could be a guess or it could be as proven as scientific law, but everything, and that scares people away, but everything really starts with theory. Given a theory you can ask a question. You can tell people when you ask the question what I'm going to do with the data so they have a better idea of how to collect the data and what data to collect. And then you take the action and go back and revisit the theory. So theory, question, data, action over time generates knowledge. And with some other emotional and physical constraints and consistencies, you're going to gain wisdom.   0:42:58.8 Andrew Stotz: There's something...   0:43:00.4 Bill Scherkenbach: Go ahead.   0:43:01.5 Andrew Stotz: There's something that I always, I've questioned, I think you can probably clear it up in this part of our discussion is that Dr. Deming used to say something along the lines of without prediction or without theory there is no knowledge. Something along that line as I recall. And sometimes I understood that clearly and other times I question that. What would you say about that? How should I understand that?   0:43:33.1 Bill Scherkenbach: Well, it's something that he and Shewhart spoke about a lot. And let's see, in his 1939 book The Statistical Methods from the Viewpoint of Quality Control by Shewhart and edited and commented on by Dr. Deming, they speak about that, as far as. And again Shewhart was influenced by C.I. Lewis. And as an aside, when, when I was at Ford and we had a speaker who had studied under CI Lewis. I had to get Dr. Deming to speak with them. And I've put part of a video of their conversation on LinkedIn, YouTube, I guess. But knowledge is built on theory. Now can you explain it again? I might be able to...   0:45:03.0 Andrew Stotz: So let me get a quote from New Economics. He said "experience by itself teaches nothing. Without theory, experience has no meaning. Without theory, one has no question to ask. Hence without theory there is no learning."   0:45:19.0 Bill Scherkenbach: Yeah. Yeah, okay. He was getting to, and he had all sorts of examples on the, on the first statement that experience teaches nothing. If you're, you might have an experience that perhaps you were, you, you were picked on. And what are you going to do about it? Well, your theory could have been: well, they don't like me. It could have been that: well, that person was a bully. Could be a whole bunch of things. But without the theory, what are you going to do in the future to make that experience more to your liking? And so you have to go beyond the experience and look at what is the thoughts and motivations behind that, which is theory. And now I don't know why I mentioned that, but I mean a number of the way... Well, I'll leave it at that.   0:47:02.8 Andrew Stotz: Yeah.   0:47:04.3 Bill Scherkenbach: As the left and right dukes it out based on their own theories. Okay. Psychology, it's incomplete without knowledge of variation. You mention that if you know the red beads, you won't make the fundamental attribution error. I had mentioned schismagenesis earlier, which is rule three of The Funnel. It invites, it says helps us understand people as different individuals. In, again, my take on this part of psychology. And again Dr. Deming saying everyone is entitled to take joy in their work. And he spoke about extrinsic and intrinsic motivation. Well, I have looked at it for many years as each one of us has an internal voice of the customer. We are the customer. And what makes me take joy would make another person perhaps take despair. And so it's management's responsibility who manages the people, materials, methods, equipment, environment to know me as a customer and be able to, if this works for me, then the management would try to arrange things that would help me take joy because it's more congruent with my internal voice of the customer. Deming used a number of examples that I gather some psychologists call it overjustification. But it in fact says the description was he tried to tip someone and it was an insult.   0:49:30.8 Bill Scherkenbach: And so instead of a thank you. He talked, he talked about the letter he sent to a surgeon of his, meant more than adding $500 to the bill. And the surgeon would carry the letter from Dr. Deming because he was, Deming was thankful for it. But it takes an astute manager to be able to understand all of the individual voices of the customers, their employees, and be able to construct a system that is going to be more congruent with each of them. And if you know that money doesn't influence or isn't congruent with someone, maybe it's retirement point, maybe it's a day off, maybe it's a variety of things managers would know that works for one person pisses off another. So that's where I stand on that, on the overjustification. And the obvious: fear invites wrong figures. Yeah. Although I think I had mentioned that in my work over in Asia, in China. So we don't have fear. It's called respect. So.   0:51:09.0 Andrew Stotz: I've just been reading a book about the Gaokao, the exam that students have to take in China to get into the elite university system. And it really makes you, it definitely gives you all kinds of both sides of the thinking on that. It really has got me thinking about this, one measure, everybody's ranked and they go through the pros and cons of it, which is challenging, it's good to go through that and think about that. So, fascinating. Well, that's been a great discussion for me, the idea of transformation, the concept of metamorphosis was interesting to me also the stuff related to having, you know, that how do we acquire knowledge? I think sometimes when in research, let's say in financial research that I've done all my life, I come up with a vague hypothesis and then I just start playing with numbers to see what I find. And so I'm kind of fiddling around. I wouldn't say that I have...   0:52:18.7 Bill Scherkenbach: What's the vague hypothesis? Give an example of...   0:52:22.7 Andrew Stotz: So, one observation that I've been able to make is that a particular ratio has fallen consistently across the world for the last 30 years, and that is the amount of revenue that assets generate out of companies. And I looked at 10,000 companies across the world. So the first thing I thought, okay, well, maybe it's a particular sector that's causing this. And I broke down that those 10,000 companies into 10 different sectors, and I saw they all had almost the same pattern. So that kind of showed me yeah, it's probably not that. And then I went through. I came up with kind of five different ideas of what it could be. And I could test that because I had a lot of data to be able to test it, but I couldn't find an answer to it. Now, I guess what you could say is that my fiddling around was based on some type of theory or guess or prediction. It wasn't until I came up to one final one, which was, could interest rates have a relationship with this? We have been through a period of time of very, very low interest rates.   0:53:39.7 Andrew Stotz: So could that decline have been caused by or related to interest rates? So I looked at the average interest rate that these 10,000 companies were paying over the past 30 years, and I saw it was going down, down, down, down, down, down very low. And I would say that that was the most plausible explanation I could find was that low interest rates incentivize companies to invest in projects that generated less revenue than previous projects.   0:54:13.2 Bill Scherkenbach: Okay. Yeah. I would think that the system. Well, you have to take into account the lag in response to lower and lower. Okay, am I going to wait for the next one? Whatever. And what's the lag in decision-making on the thing? But you need to codify, what's your theory? Okay, if X, then Y, then collect, ask the questions, make sure you understand how you got the data. And then try to take action there. But, yeah, everything starts with theory. Yeah. So it'll be good to be specific about it. What do you think it is?   0:55:09.8 Andrew Stotz: Yeah, that's, that's helpful. Well, let's wrap this up. How would you, if you were to, to bring this into a very condensed takeaway of what you want people to get from this discussion, what would you say is the core takeaway you want them to remember.   0:55:25.7 Bill Scherkenbach: Space and time. And I have done my best. Dr. Deming ended all of his lectures.   0:55:38.9 Andrew Stotz: I have done my best. Well, I love that. And let me wrap it up, Bill, by saying, on behalf of everybody at the Deming Institute, I want to thank you again for this discussion, another one that I've enjoyed immensely and for listeners remember to go to deming.org to continue your journey. And of course, you can find bill on LinkedIn in particular, where he's posting a lot of these cool discussions and thoughts and all of that. So this is your host, Andrew Stotz, and I'll leave you with one of my favorite quotes from Dr. Deming, and it relates to what we were just talking about. And that is "people are entitled to joy in work."

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The Art of Being: Embracing Mindfulness and Compassion During Challenging Times with Cortland Dahl In this enlightening episode, we delve into the transformative journey and work of Dr Cortland Dahl, a meditation expert, scientist, translator and researcher at the Center for Healthy Minds. Cort's true passion is using ancient wisdom and modern science to help people flourish. Cort shares his personal experiences from battling anxiety as a young adult to finding solace and purpose through extensive work with meditation and compassion practices during eight years living in Tibetan refugee settlements in India and Nepal. He discusses the critical role of contemplative traditions in navigating the modern world's overwhelming pace and information overload. The conversation covers the importance of shifting from a state of doing to being, the mental health epidemic, and practical techniques for cultivating inner calm and compassion. Cort offers profound insights into how we can harness our innate capacities for wisdom and compassion. The episode concludes with a beautiful guided practice led by Cort, providing listeners with a practical experience of simply being that we can take into our daily life.   Cort's work can be found here: https://cortlanddahl.com/ https://centerhealthyminds.org   00:00 Introduction to Contemplative Traditions 00:33 Struggles with Anxiety and Early Discoveries 03:21 The Impact of Modern Life on Mental Health 04:39 The Mismatch Between Evolution and Modern Society 07:10 Simple Practices for Mental Well-being 13:12 The Power of Perspective and Micro Practices 22:31 The Role of Compassion and Service 25:49 Understanding Devotion and Social Learning 28:41 The Power of Respect and Inspiration 29:32 Personal Reflections on Prince and Devotion 32:15 A Meditator's Guide to Buddhism 32:56 The Four Noble Truths and the Path to Awakening 34:37 Writing the Book: Motivation and Process 36:33 Exploring Buddhist Philosophy and Practice 39:29 Advice for Those in Pain 40:23 The Importance of Being Over Doing 50:26 A Short Guided Meditation Practice 57:59 Final Thoughts and Appreciation  

Send us a textThis week,We kick things off with a look at GO Wild: Nagasaki, sharing our impressions of the event & how it sets the stage for this weekend's GO Wild Global.Next, we roll into our PGO Catchup, diving into the Enchanted Hollow event—spawns, wins, frustrations, and everything in between. Then it's time for another checkpoint on the Road to Level 80, where each of the lads shares their current progress, XP strategies, struggles, and whether the grind is finally starting to bite… or pay off.In The News – Part 1, we break down the newly announced Season STDs (Save The Dates) and the reveal of December Community Day 2025—what we think, what we expect, and what it means for the close of the year.Then Milo hosts a chaotic round of Play Your Dex Right, putting Ian and Mark through hell of guessing whether a Pokémon is to the left or right of the other, before we jump into WhatsApp Messages from listeners.The News – Part 2 covers Final Justice including event bonuses, rewards, and whether Niantic stuck the landing and Gift of Appreciation!We wrap, as always, with Shinies of the Week, featuring YOUR sparkly catches!The Gaming BlenderWe mash genres. We pitch games. You question our sanity.Listen on: Apple Podcasts SpotifySupport the showFind us on Niantic Campfire: CLICK MESend us a voice message on WhatsApp: +44 7592695696Email us: contact@incensedpodcast.comIf you'd like to buy merch, you can find us by clicking HERE for U.K. store, HERE for U.S. Oceana store or copy this link: https://incensedpodcast.myspreadshop.net/ for U.K. store or this link: https://incensed-podcast.myspreadshop.com/ for U.S. Oceana store!Hosted By: PoGoMiloUK, Ian Waterfall & Masterful 27. Produced & Edited By: Ian Waterfall & PoGoMiloUK. Administrators: HermesNinja & IAMP1RU5.Pokémon is Copyright Gamefreak, Nintendo and The Pokémon Company 2001-2016All names owned and trademarked by Nintendo, Niantic, The Pokémon Company, and Gamefreak are property of their respective owners.

Appreciation and Introduction Gratitude for songs, testimonies, and prayer requests. Expresses contentment and appreciation for being in God's house. Acknowledges the presence and importance of the Holy Spirit. Reference to Acts 2:1-4 about the day of Pentecost. All were in one accord in one place. Sound from heaven like a rushing, mighty wind. Cloven tongues like fire appeared. All were filled with the Holy Ghost and spoke in other tongues. Worship and the Holy Spirit People worship differently, and that's okay. Anticipation of uninhibited worship in heaven. Appreciation for times when the "wind blows" in church (the Holy Spirit is present). There are times for stillness for the seed to fall. Desire for the Holy Ghost in the church. If the Holy Ghost wasn't present, would seek it elsewhere. If one doesn't feel the Spirit, there may be something wrong in their heart. Not the fault of others or external factors. God is not a respecter of persons; He blesses all equally. If you want the Holy Ghost, He will give you all you want of Him. If one doesn't like the Holy Spirit, this church may not be a good fit. The Holy Ghost needs to lead in everything done in the church. The Pastor's Perspective The more people filled with the Holy Ghost, the better for the pastor. Contrast between preaching to an unresponsive crowd and a Spirit-filled congregation. Signs of a Spirit-filled congregation: raised hands, tears, smiles, recognition of God's presence. God is the answer, and the question is when. God administers through the Holy Ghost. The Holy Ghost dwells within, not just visits. The Holy Ghost stays until the job is done, taking believers to the end. Belief that one couldn't make it without the Holy Spirit's help. Old Testament Examples of the Holy Spirit (Wind) The Word of God is discerned by the Spirit. The Holy Spirit helps people get what they need from the Word. Exodus 14:21 - Deliverance at the Red Sea Moses stretched out his hand, and the Lord caused the sea to go back by a strong east wind. The wind blew all night, dividing the waters. The Holy Ghost has been a deliverer. The Holy Ghost is a wind that will deliver the people of God all the time. The Holy Ghost is always working, whether one is conscious of it or not. The Holy Ghost frustrates the devil. Reference to Job, whose hedge was removed, but his life was protected. The Holy Spirit's deliverance is still moving today. Numbers 11:31 - Sustenance in the Wilderness The children of Israel murmured and were hungry. God sent a wind that brought quails from the sea. The quails fell around the camp, two cubits high (three feet deep). The Holy Ghost brings what is needed to make it another day. The wind of sustenance feeds the soul. The Holy Ghost moves to make sinners uncomfortable and saints rejoice. God used the Spirit to gather billions of quail. The wind brought sustenance when it was needed most. Reference to Ezekiel, where the Lord asked if dry bones could live. The bones came together, but they were still dead until the wind blew into them. 2 Samuel 5 - Assurance David sought God before going into battle. David asked if he should go up against the enemy and if God would deliver them. God loves zeal but also gives assurance. God told David to wait for a sign: the sound of a going in the tops of the mulberry trees. The wind will start blowing, and you'll know it's time to go. The wind gives assurance. The unction is needed to preach. Without the unction, it's just teaching. The Holy Ghost won't bear witness to anything untrue or false. The Holy Ghost will bear witness if your heart is for God. Jonah 1:4 - Repentance Jonah ran from God because he didn't want to preach to the people of Nineveh. You can't run from God; the Holy Ghost is everywhere. The Lord sent a great wind into the sea, causing a mighty tempest. The wind of God can break, stop, or wake one up. The wind of God blows to bring repentance. God can use the Holy Ghost to bring you to a place of repentance. New Testament Promise and Provision of the Holy Spirit (Wind) John 16:7 - Promise of the Comforter It is expedient that Jesus go away so the Comforter (Holy Ghost) can come. The Comforter is the Holy Ghost. Jesus had bound Himself to an earthly body and couldn't be everywhere. The Holy Ghost isn't bound to anything. Jesus promised to send the wind of God (the Holy Spirit). Acts 1:4-5 - Promise of Baptism with the Holy Ghost Jesus commanded them not to depart from Jerusalem but to wait for the promise of the Father. John baptized with water, but they would be baptized with the Holy Ghost. The Holy Ghost will lead and guide in all truth and righteousness. Acts 2:1 - Provision of the Holy Spirit On the day of Pentecost, they were all with one accord in one place. Suddenly, there came a sound from heaven as a rushing mighty wind. It filled all the house where they were sitting. The Spirit of God still does that today. When people are walking with God, the wind will blow in their lives. All that Jesus was trying to tell them became clear when the wind started blowing. John 3:7 - Born of the Spirit Jesus told Nicodemus that he must be born again. The wind bloweth where it listeth, and thou hearest the sound thereof, but canst not tell whence it cometh and whither it goeth. So is everyone that is born of the Spirit. That which is born of the flesh is flesh; Jesus was talking about being born again in the spirit. The Holy Ghost had to blow over and be partaking in your salvation. God is saving your spirit, not your flesh. The Holy Spirit has blown in the lives of His children from the time He left them until now. The wind is still moving as long as the people of God are on planet Earth. Discernment of Spirits There are strange winds blowing today that are not of God. These winds are false and imitate the Spirit of God. They are a form of godliness but deny the power thereof. Try the spirits to see of what sort they are. Not every spirit that blows in your life is of God. People are getting caught up in smoke, mirrors, darkness, and strobe lights. These things appeal to the flesh and stimulate the emotions but are not of God. If it ain't of God, you ain't getting born again. Be sure every spirit you face is Him. Gratitude for the rushing mighty wind that blew into the hearts of those men and forever changed them. The wind leads or stops them, making them go to the left or right because He knows. Invitation and Closing Invitation for those who need the Lord to come forward. If you haven't felt the wind of God in a while, get right with Him. Repent of your sin, turn from it, yield yourself to God, and trust Him. He will forgive you of your sin and purge you of all unrighteousness. He will forgive you if you confess it. The wind of the Holy Spirit will start blowing in your life again.

Appreciating the people who support you—big or small—is not only thoughtful, it's God's will for your life in Christ. -------- Thank you for listening! Your support of Joni and Friends helps make this show possible.     Joni and Friends envisions a world where every person with a disability finds hope, dignity, and their place in the body of Christ. Become part of the global movement today at www.joniandfriends.org   Find more encouragement on Instagram, TikTok, Facebook, and YouTube.

Written by Simon ChadwickCome and follow more adventures on our animated TV show on Youtube!

Maggie shares how Linus has carried her through big life changes, kept her present, and made Toronto (and life) feel like home. Sponsor Notes: Go to cozyearth.com and use code METIMEMAGGIE to save up to 40% off in savings. Go to mimiohealth.com and use code METIME for 20 percent off your first order. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode ofAs the Drum Turns, Jeff & Lora welcome Operators Jeff Claybrooks and Deion Wade for Team Appreciation Day. They discuss what makes the company's culture thrive and unforgettable moments from their time on the job. 

Lisa Janey from the Kewanee Food Pantry joined Wake Up Tri-Counties to discuss how the Kewanee Food Pantry operates, the items it needs, and to express gratitude to the community for its donations of much-needed food, money, and hygiene essentials. Wethersfield High School's National Honor Society is cooking up community spirit this Friday during the football playoff quarterfinals. From noon to 2 PM, sweet treats will be on sale, with every dollar supporting the Kewanee Food Pantry. Along with the bake sale, students are offering Geese and Titans merchandise for donation. Looking to help another way? On Saturday, a drive-thru donation event in Good's Furniture parking lot invites locals to drop off food and hygiene essentials from 11 AM to 2 PM. The Kewanee Public Library is also collecting donations through December 22nd. Small acts are making a big difference for neighbors in need. The Kewanee Food Pantry is accepting online donations through the PayPal Giving Fund, a platform that ensures every dollar goes directly to support their mission. Unlike many donation services, this program charges no fees to either the charity or the donor, so contributions stretch even further. With your support, the pantry can purchase more supplies from food banks, maximizing the impact for community members in need. To donate, visit the PayPal Giving Fund online and select Kewanee Food Pantry. Every contribution helps provide essential groceries for local families and strengthens hunger relief efforts in the region.

There are over 7000 bus drivers across the country - and this Sunday is a day all about them. To show our appreciation, Jesse chats to kinetic bus driver Peter Smith from Wellington.

Thanks! Appreciation!! Gratitude!!! My constant wish is for YOU to experience peace, love, understanding, kindness, compassion, and empathy. May you share those gifts with those that deserve it least, they are the ones that need them the most. Be well! The Music Authority Podcast...download, listen, share, repeat…heard daily on Belter Radio, Podchaser, Deezer, Amazon Music, Audible, Listen Notes, Mixcloud, Player FM, Tune In, Podcast Addict, Cast Box, Radio Public, Pocket Cast, APPLE iTunes, and direct for the source distribution site: *Podcast - https://themusicauthority.transistor.fm/  AND NOW there is a website! TheMusicAuthority.comThe Music Authority Podcast! Special Recorded Network Shows, too! Different than my daily show! Seeing that I'm gone from FB now…Follow me on “X” Jim Prell@TMusicAuthority*The Music Authority on @BelterRadio Monday, Tuesday, Thursday, Friday 7 pm ET & Wednesday 9 pm ET*Radio Candy Radio Monday Wednesday, & Friday 7PM ET, 4PM PT*Rockin' The KOR Tuesday, Wednesday, and Thursday at 7PM UK time, 2PM ET, 11AM PT  www.koradio.rocks*Pop Radio UK Friday, Saturday, & Sunday 6PM UK, 1PM ET, 10AM PT! *The Sole Of Indie https://soleofindie.rocks/ Monday Through Friday 6-7PM EST!*AltPhillie.Rocks Sunday, Thursday, & Saturday At 11:00AM ET!November 14, 2025, Friday…may you experience the weekend you deserve…@Joe Riccardello - Help@Gary Frenay - Moonraker [Songs. Bond Songs- The Music Of 007] (@Curry Cuts)@Smash Palace - What Is Wrong With Me [21]@Lucas Aaron - Franklin Ave@Jeremy Morris - Happy Everyday [Pop Overflow] (jamrecordings.com)@Signal 13 - Stay With Me@The Strawberry Mynde - Try As I Might@Cliff Richard - We Don't Talk Anymore@Greg Murray & The Seven Wonders - Bought A Ring@Nick Piunti - One Hit Wonder [Trust Your Instincts] (@Jem Records)@Paul Melancon - Slumberland [Slumberland]@Richard Turgeon - You Always Believe [Rough Around the Edges] (koolkatmusik.com)@Vanilla - Go [77] (@Charlatan Records Cartel)@The Jam - Here Comes The Weekend@SoulBird - Waking Up [Fly Fast - Leaves From Our History Book]@Goodbye Victory Road - Looking From The Outside [Act 2] (@GVR Records)@Abbie Barrett - I Will Let You Know (featuring Greg Hawkes) [I Will Let You Know] (@Rum Bar Records)@Kevin Robertson - Brother Morning [Teaspoon of Time] (@Futureman Records) (@Subjangle)@Side Play – Faith And Kindness

Discover the limitless potential of The Healthy Mindset Application (App) with our exclusive Application Assess, Educate, Coach approach. Begin your journey of personal transformation through The Healthy Mindset App Podcast, featuring meditations, breathing exercises, and invaluable coaching insights. Our methodologies cultivate a growth mindset, empowering you to adopt self-coaching practices while engaging in mindfulness and resilience building. Delve into personalized 1-on-1 coaching sessions with Mike Hartman through The Healthy Mindset Coaching On Demand, focusing on goal setting and confidence enhancement. Each participant receives a tailored Audio MP3 Debriefing based on their assessment, ensuring personalized guidance every step of the way. For inquiries about 1:1 coaching or speaking engagements, please email Mike@Hartman.AcademyBook A Session https://calendly.com/coachingondemand/performancemindsetcoaching?month=2024-05Healthy Mindset For Athletes & Workplace Athletes Workbook https://www.amazon.com/Healthy-Mindset-Athletes-Workplace-Everything-ebook/dp/B0B55CFSCJ

Mama D often feels guilt when she complains about a situation, event, or experience that she believes she should actually appreciate.  In this episode we discuss conflicting feelings and why complaining does not lessen appreciation.  Become a supporter of this podcast: https://www.spreaker.com/podcast/petals-of-support--5614807/support.Petals of Support is brought to you by Spreaker Prime Please take a moment to Rate and Review this episode. Subscribe and Share http://www.petalsofsupport.comPlease consider being a Supporter of this podcast for $5/month https://www.spreaker.com/podcast/petals-of-support--5614807/supportEmail me at:  petals.s@aol.comPetals of Support is a member of the Unfiltered Studios Networkhttps://www.unfpod.com

Written by Simon ChadwickCome and follow more adventures on our animated TV show on Youtube!

Appreciation

Welcome back to Family Therapy! Before we dive into the sessions with this Season's family, we catch up with last season's family—Jay, David, and Freddy—to see how they've been progressing. During their last sessions, we tackled issues concerning lack of confidence, adjusting to co-parenting, and personal growth. Today, we hear about David's journey back to faith with his baptism and his new role supporting special education students. Jay shares her commitment to a healthier lifestyle and her pride in her children's achievements. Both express a strong desire to move forward by living separately, emphasizing the need for personal peace and better co-parenting. Elliott encourages them to replace resentment with appreciation to create a better environment for their kids, even before they transition to separate living spaces. It's a heartfelt check-in that underscores their continuous effort and the slow, steady progress they are making. Connect @ElliottSpeaks Visit ElliottConnie.comSee omnystudio.com/listener for privacy information.

In today's episode, Dr. Killeen shares the surprising story behind the invention of Gatorade—and how it connects to leadership and team culture in dentistry. Just like athletes need physical fuel to perform, your team needs emotional fuel to stay motivated and engaged. Dr. Killeen explains why authentic appreciation is the “electrolyte” of a healthy workplace and how a few sincere words can energize your team more than any system or strategy ever could.

11-11 Papa & Silver Show - Hour 4: The Burden and Appreciation for Bay Area All-Time Greats -- Christian McCaffrey, Stephen Curry, and Jumbo Joe ThorntonSee omnystudio.com/listener for privacy information.

In the final episode of the Performing at Your Best mini-series, Stacey pulls back the curtain on the little things that help her show up as her best self—especially on the tough days. From colourful shoes to crunchy salads and weighted blankets, this episode is a celebration of self-awareness, self-compassion, and setting yourself up to lead with clarity, calm, and confidence. You’ll learn: ✨ What “spoons” have to do with energy, productivity, and staying out of burnout✨ How sensory tools, joyful clothing, and rituals can regulate your nervous system✨ Why Stacey unapologetically leans into what works for her (and how you can too)✨ The power of finding your own quirky, comforting rhythm so you can lead from a place of strength This isn’t about copying someone else’s routine. It’s about discovering what works for you—and giving yourself full permission to do more of it.

11-11 Papa & Silver Show - Hour 4: The Burden and Appreciation for Bay Area All-Time Greats -- Christian McCaffrey, Stephen Curry, and Jumbo Joe ThorntonSee omnystudio.com/listener for privacy information.

What Men Secretly Want from Women (But Rarely Say Out Loud)In this deeply insightful episode of The Secret Formula of Femininity, Dr. Nicole Monteiro unpacks what emotionally grounded, high-value men truly desire in love — and how modern women can connect with them without losing their softness or strength.Building on her conversation with Conroy Jr., Dr. Nicole explores why respect, trust, and emotional safety mean everything to men — and how women can communicate in ways that create lasting connection instead of silent distance.

Register here to attend the live virtual event "How to Scale Your Portfolio, with Tenanted Cash Flowing, New Construction Properties" on Thursday, November 13th at 8pm Eastern. Keith discusses Billie Eilish's views on billionaires and contrasts her stance with Grant Cardone's, emphasizing the value billionaires bring.  Hear about the Fed's decision to end Quantitative Tightening (QT), predicting lower interest rates.  GRE Investment Coach, Naresh Vissa, joins the conversation to highlight the benefits of new build properties, such as lower maintenance and higher tenant quality, and mentions a 10% cashback incentive from builders.  Resources: Register for the event at GREwebinars.com Episode Page: GetRichEducation.com/579 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  1-937-795-8989 to speak with a freedom coach Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com or text 'GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:00   Keith, welcome to GRE. I'm your host. Keith Weinhold, should billionaires even exist? Why do so many people think that interest rates of all types are headed even lower than as a real estate investor, how to identify and capitalize on an opportunity in this era? It's something that I've never seen before. Today on get rich education   Speaker 1  0:27   since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com   Corey Coates  1:13   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:29   Welcome to GRE from flatiron, Manhattan to Flatbush, Brooklyn, across New York City and 188 world nations. This is Get Rich Education. I'm your host. Keith Weinhold, it's the longest federal government shutdown in US history. This whole thing has now lasted longer than most gym memberships. I guess the GDP stands for government doesn't produce, hmm. Before we get into our core investing and real estate content today, Billie Eilish, the singer, recently made some public remarks on whether or not billionaires should even exist. Yeah. Now if you're not familiar with her, Billie Eilish is known for her kind of unique style, sort of these baggy clothes, neon hair, avant garde fashion, and she has a reputation for being outspoken about a lot of things like mental health and body image and environmental issues. Now, in general, I respect people for speaking their mind, whether I agree or not, because a lot of people are just afraid to do that. Let's listen in to this short clip on what she said. You might have heard this because it was pretty widely broadcasted. Eilish spoke after receiving recognition at the Wall Street Journal innovator awards. This is courtesy of the AP. And then I'll come back to comment.   Speaker 2  2:58   We're in a time right now where the world is really, bad and really dark, and people need empathy and help more than kind of ever, especially in our country. And I'd say if you have money, it would be great to use it for good things and maybe give it to some people that need it and love you all, but there's a few people in here that have a lot more money than me, and if you're a billionaire, why are you a billionaire? No hate, but yeah, give your money away. Shorties. Love you guys. Thank you so much.   Speaker 3  3:40   First of all, without explicitly saying it, she's basically referencing how inflation widened the canyon between the haves and the have nots and GRE listeners that have acted have been on the right side of that canyon. I actually want to give Billie Eilish some credit here. Giving is virtuous. That is a good thing. In fact, next month, I plan to discuss the pros and cons of giving here on the show as we approach Christmas. Billie Eilish, she's certainly not a hypocrite either, because she's given away more than $10 million of her estimated $50 million dollar net worth. She's into feeding people and climate initiatives that right there is giving away more than 20% of your net worth, and that is really kind. Now, you heard her say there's a few people in here that have a lot more money than me, and she's right. Mark Zuckerberg was in that room. His net worth of over 200 billion means that his net worth is more than 4000 times greater than Billy eilish's. It sounds loosely like she's. shaming him for not giving away more of his wealth. And I don't know just offhand how much Zuck gives away, but this is where my credit to Billy Eilish stops. I think that it's okay for a person to be a billionaire. I wouldn't question that. I mean, a lot of times it meant that that person was willing to take risks that others would not dare try. A billionaire probably means you're a person of great value, and that you've hired hundreds or 1000s of other people, creating jobs for them. A billionaire has almost certainly created a product that society values. Jeff Bezos pioneered one day delivery. Zuckerberg connects people through his meta platforms. And now I'm not going to say that either one of those billionaires are perfect people. They are flawed, just like you and I. Billionaires probably pay more tax than the average person as well. That supports the infrastructure that you and I and everybody use, like building bridges or creating a fiber optic network. I would expect that a billionaire would be a giver as well. And see, if you're a billionaire, you have more ability to give than the average person does, you can make a greater impact. And see, this is where things really break down and not make sense. So if Billie Eilish is net worth is 50 million, Oh, apparently that's just okay. That's fine with her. But once it gets to 20 times greater than that, which is 1 billion, then it's not okay. So that means the line is drawn somewhere in there. That makes zero sense to me. The ceiling on what you're supposed to have in net worth is between 50 million and 1 billion. Like, I really do not get the logic on that one. And you know, a guest that we've had on the show here, Grant Cardone, whether you like him or not, he has had some on point remarks about these Billy Eilish comments himself to the question that she posited, which is, if you're a billionaire, why are you a billionaire? Cardone's answer is, if you're a pop star, why are you a pop star? Billy said, give your money away. Cardone's response to her is, give your music away. That's some food for thought there. That's my take on the Billy Eilish remarks on whether or not billionaires should exist. And if you want to hear Grant Cardone and I's conversation here on GRE, that was episode 264 the title of it is Keith Weinhold and Grant Cardone 10x your wealth number 264, a lot of listeners like that episode saying something like it was a dream to hear grant and I together for the first time. Like that, their favorite sales trainer on their favorite real estate show. You can listen by either scrolling way back to get rich education episode 264 in your podcatcher, or you can listen directly by going to get rich education.com/ 264,    Keith Weinhold  8:11   now the Fed has said that they are going to slow or end Qt, next month. All right, when Jerome Powell says something like this, what does that really mean to you as an investor? What can you expect ending QT? Well, you probably already know that QE quantitative easing that has the effect of creating dollars. Qt is the opposite. It has the effect of destroying dollars. So if they're ending Qt, this helps keep more dollars around in the future. So ending Qt then, like we expect soon, that really parallels a lower interest rate environment, because see lower rates already make dollars flow more freely. You probably remember the analogy that I introduced to you on the show earlier this year about how lower rates are like lowering the height of a dam wall. It makes it easier for water to flow, so then lowering rates makes it easier for money to flow, and that's because low savings account rates make people get money out of those vehicles. Okay, that's that low dam wall and low borrowing rates make that money flow as well. People will unlock dollars if rates are low, late last year, the Fed dropped rates a full 1% then they didn't make any moves for a while, until late this year, they've now dropped rates another half a percent. That's the environment that we're in. So then more QE and less QT. That further eases the flow of dollars, and it correlates with even lower rates that are coming in the future. Now it doesn't mean that they will. I'm not saying that they certainly will. There is just that tendency, that correlation. So we had pandemic era QE there about five years ago, that ended as we moved to Qt in 2022 and now what we're doing is unwinding Qt, moving back toward more flow, and it surely gets more technical than that. Ending Qt allows the Fed to expand its balance sheet again. Treasuries and mortgage backed securities, once matured, can now be replaced, and that injects liquidity into the system once again, and that is where we're going. Bank reserves are reaching ample levels again, and there is no need to put liquidity stress on money markets. A lot of these moves are here. What they're here for is to help ease the concerning labor market. It's been almost exactly three years now since chatgpt launched, and a while back, I mentioned how companies were newly interested in hiring the shiny new job that didn't exist before the AI prompt engineer that was one of the hottest jobs. Well, yeah, that was true back in 2023 but not so much. Now. A lot of companies have figured out that the employees that wanted to keep their job, well, they figured out real quick how to be the Ask AI, good questions guy, and we are seeing more layoffs later today, my guest and I will talk about that, and also he's going to make somewhat of a future mortgage rate forecast, or at least talk about the direction that they're going in. I think you're really going to like that. I don't predict rates myself, but sometimes a guest will. That's what's happening today. My point here is that with Qt ending, which again lowers the damn wall height and eases the flow of money, that parallels the fact that we have lower interest rates now than what we had one year ago, and we have lower interest rates now than what we had two years ago. As well, be mindful that you cannot get it all as a real estate investor. You cannot get soaring employment and low interest rates together. You cannot get those two things together, at least not for long. High employment means high rates. Low employment means low rates. Today's guest, and I will get into that as well.    Keith Weinhold  12:43   Well as we've had lower rates, hence a lower wall height, don't buy property and expect that you'll be able to refi into a lower rate within a year. If it happens, great. Don't buy expecting rents to go up or rates to go down, although many think that will happen. Just enjoy it. If it does, rent vesting has been on the rise lately. Yes, rent vesting. What that means is when you pay rent in the property where you live, and then the only properties that you own are rental properties. Rent vesting makes sense if you live in California, New York City and Boston, since rent to price ratios are so low there, and then you invest your dollars inland, that's how you can live in a high cost place and yet still benefit from cheap rental property and have income streams from them. You might remember that some months ago, I interviewed two listener guests on the show, everyday listeners, just like you, and California based investor and GRE listener, Joshua Fang, told us about his rent vesting. He pays rent in his primary residence, since the rent to price ratio might be three tenths of 1% there and then he owns property in GRE marketplace markets, I think it was Memphis and elsewhere where you're benefiting from, say, eight tenths of 1% that is called rent, vesting, investing in properties that make sense that you buy through GRE marketplace. And remember when Josh told us that passive income gives him time to enjoy life and even stop and watch two lizards for 15 minutes? Oh, what passive income can do. It's the quirky things that you remember. See. The point is that smart people in high cost states are rent vesting, if that's what you've got to do in order to own real assets. Then do it get on the right side, as this difference between the haves and the have nots just keeps expanding. I just did something that you might find interesting over the weekend for the first time in years. I visited that first fourplex building that I ever owned, which is also the first piece of real estate that I ever owned, that blue colored fourplex, and it is still blue. The address of that property is 925 east, 45th court, and it's in Midtown Anchorage. It has never been a pretty neighborhood, and I confirmed that it still is not. It looks a touch worse than when I owned it. I straightened up the curb appeal more than today's owner does. I bought the four Plex over 20 years ago for $295,000 and at that time, on the day that I bought. The total rents were $2,900 because it was 725 per door. I just looked on Zillow. And do you want to guess at its zestimated value today? Yes, it cost 295k back in 2002 and today, the Zestimate is 625k I don't know what today's rents are. My guess is that they're just short of $6,000 for all four units combined, two bed, one bath, 960 square foot units, really plain vanilla, boring looking housing, but it's certainly not like a crime ridden slum. It's just that depressing looking block that's just chock full of disorder and these other four Plex buildings and dumpsters all over the place. But yeah, that's how it all began for me. I visited that building again, and I haven't owned it in a while. I 1031 exchange out of it and into an eight Plex in 2013 if it weren't for that building, you would not be listening to me right now, and you would not have heard of me, because this show wouldn't exist big thanks to the three and a half percent down FHA loan for someone that came from humble means, like me.    Keith Weinhold  17:03   Last month, I did a running race that goes up a ski jump that was pretty cool. It gets so steep that you have to grab onto a cargo net to pull yourself up. It's almost like a rope ladder. I did not win. I got fifth out of 21 competitors in that race. Hey, I like to get out and physically challenge myself. After talking real estate all day, my body weight is up a little. It's currently sitting at 178 pounds. That's 81 kilograms for our European listeners, and it hit its recent bottom of 172 back on the Fourth of July. That's by design. I need to be really leaned out for a big Independence Day race every summer. You know, I'm one of those guys where I still cannot compete with bodybuilders because I'm too lean, and yet I don't win running races because I'm too bulky, so I'm more of an all around guy. I do about seven different sports, and that's exactly how I win nothing and always get like, fifth place or worse. This major mammal has got to keep himself moving, In any case.   Keith Weinhold  18:17   next week here on the show, we'll talk to a Harvard grad. She's super interesting. She used to work at Apple, and then she founded an AI centric property management company so that you can use her platform to self manage and leverage AI. But are we at the point where your tenant would really talk to a chatbot? Would that fly? And if society is there, well then do property management fees and everything start trending towards zero. I'm going to ask her about that. That's next week. As for today, you know, the world series ended about a week ago, and what I did is that I watched 10 commercials during the World Series, and then I jotted down the name of each sponsor, and here's who the World Series advertisers were just in this one segment where I paid attention to them. They're all big brands that you've heard of atnt Liberty, mutual nature made brand items like vitamins and supplements, Starbucks, Coors, light, Qdoba, Capital One, Home Depot, crest, white strips and Jim Beam, all right, those were the 10. What do those 10 have in common? More or less, any ideas there those 10 products and companies are all for consumer products. That's the common link. And that might seem so obvious that you wouldn't even think of it. Well, this is because most ads are for consumer products. Those ads fuel consumerism. And there's nothing wrong with that at all. That. Represents an economy. In fact, I use some of those very companies in my personal life.    Keith Weinhold  20:04   But here's the difference here at GRE our sponsors help you produce, not consume. Think about that as you listen to me in this spot for freedom, family investments and then Ridge lending group, then I'm coming back for more with a terrific guest.    Keith Weinhold  20:23   You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why? Fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom family investments.com/gre, or send a text. Now it's 1-937-795-8989, yep, text their freedom coach, directly. Again, 1-937-795-8989,   Keith Weinhold  21:34   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President chailey Ridge personally while it's on your mind, start at Ridge lending group.com that's Ridge lending group.com   John Lee Dumas  22:08   this is Entrepreneur on fires, John Lee, Dumas, don't follow Money. Make money. Follow you with get rich. Education.   Keith Weinhold  22:22   So we have a familiar voice back on the show. It's an in house discussion here with our own GRE investment coach. And like I've told you before, he's got both the formal education with his MBA and the self education, because he's an active real estate investor for four years now, he has helped you completely free, usually over the phone, sometimes on Zoom. He learns your own personal goals and then helps you find the market that's right for you in fitting those goals. And I've had listeners like you tell me that, you know, I can't believe that getting his actionable insight is free, and now he can help you best, though, if you're ready to own more income property, he even helps connect you with the exact property address, like say, 321, raspberry Street in Huntsville, Alabama. So it's great to welcome back to the show and provide the listener with a respite from my mouth breathing rhetoric and discourse, it is GRE investment coach. Naresh Vissa,   Naresh Vissa  23:24   thanks a lot, Keith. I can't believe it's been four years. It's been four amazing years, and congratulations to you and to GRE for being around so long and together, we have grown our listenership, and we appreciate all of you listeners, listening out there, for sure,   Keith Weinhold  23:42   real estate activity has slowed down overall, but things are still really vibrant. Here at GRE we see more activity than we saw last year, and when we talk about increasing activity, Naresh, the Fed, looks to do that when they reduce interest rates, that incentivizes businesses to borrow, that incentivizes consumers to spend, because, for example, they're not getting as high of a yield and their savings account. So now we're here in this fed cutting cycle. Tell us what that means from your perspective.   Naresh Vissa  24:15   We talked about this a few months ago when I was on the podcast at the Federal Reserve. I predicted that the Federal Reserve would begin a rate cutting cycle, and that this cycle would be extensive. It would not be an overnight, 100 basis point cut, or anything like that we saw in March. So that rate cutting cycle has begun, and they continue to cut. And we did an entire episode on President Trump and the name calling with Federal Reserve Chair Jerome Powell, whose term ends in the middle of next year. It's May of next year, when he's leaving. And with all that pressure, I predicted that the Fed would begin its rate cutting cycle. We are in the. Cutting cycle right now. They did a few cuts last year and stopped, which I thought were mistakes. But with that being said, we are in the thick of this cutting cycle. We are going to see more cuts moving forward. And what that means you're already seeing it. As a real estate investor, you are seeing, I don't want to say low interest rates, but lower interest rates compared to where we were a year ago, compared to where we were certainly 234, years Well, maybe not four years ago, but three years ago, we are seeing far lower interest rates, and we will continue to see interest rates, in the sense of mortgage rates, plummet as a result of this. So enjoy the low rates while they last, because they're not going to last forever. Nothing lasts forever, but the Federal Reserve, you throw in the government shutdown, I think it makes sense that the Federal Reserve continues to cut, because there's no telling where inflation is going to go. The experts thought that inflation would go up, up, up, up and be a significant problem. They've been saying that since the election winner last year or the election night last year, we haven't necessarily seen that. We have seen inflation somewhat go up, but we haven't seen that runaway inflation that many of the experts predicted as a result of the tariffs, as a result of the rate cutting, I think it definitely helps that number one, Doge, cut several government programs and cut a lot of government spending, not as much as they thought they would, but they cut enough to where they're limiting the amount of federal government spending. We've also seen mass layoffs, mass layoffs in the public sector, which has seeped into the private sector as well, because many of these private companies, like an Accenture, for example, many of these tech companies that were getting subsidies from the government, that funding has stopped, and that has led to layoffs. Now, what layoffs do is layoffs create, I don't want to say deflation, but layoffs are disinflationary, right? And we've seen significant layoffs, like I said, since February of earlier this year, when Doge was in the thick this government shutdown has led to mass layoffs as well. So we've seen 10s of 1000s of people well, we've seen hundreds of 1000s of people furloughed, if not at least a million people furloughed now, they will end up getting their pay, but we've seen 10s of 1000s of people laid off as a result of this government shutdown. And what that means is, again, this is very disinflationary. That's less money that the government is spending moving forward, not just right now, but moving forward. So there's a savings there that's also more people who are probably going to hold on to their cash as tightly as possible as they find new work. So this is, once again, disinflationary. And what does all this mean? All of this, to me, seems disinflationary. It goes against the narrative that when you cut interest rates, inflation goes up. It goes against a narrative that when you implement tariffs, inflation goes up, and that's why we haven't seen the runaway inflation that many so called experts were predicting. I think moving forward, the Fed continues to cut because of the weakness, at least when it comes to the job situation, because of the weakness with jobs, and because of unemployment, it's gone up somewhat. I think the Fed ends up continuing their rate cutting cycle through the end of Powell's term, and it could be just a series of 25 basis points every time they meet. Maybe if things get if there's something that they don't like, they up it to 50 basis points at one of the meetings. But the bottom line is, I think they're just going to keep cutting until Powell is gone, and then Trump will put in his guy into the Fed chair. And by that point, we may have cut enough to where there's not much left to cut yet, and that's when we're going to see there's a chance that could happen, or there's a chance the next guy will pick up where Powell left off and and do series of cuts as well. But what that means is that mortgage rates, we can expect, that's one of the most common questions I get from GRE followers, yeah, it's where do you see mortgage rates going? Because these people, they're not a lot of our followers, they're not following the intricacies of the market. Most of our followers have full time jobs as doctors or dentists or engineers or IT workers, and they're not following the ins and outs. And so the most common question that I get is, where are interest rates going? And I've been pretty spot on for the past few years, minus a few mistakes that I thought the Fed made. But I'm very confident when I say, just like I said when I came on earlier this year, that interest rates are on their way down there, and they are not on their way up.   Keith Weinhold  29:51   Just wait until this administration gets their guy in as the Fed chair. It almost feels like we're going to see a Javier Malay Argentina. President, you know, coming in with the chainsaw, they want to cut rates so aggressively, this administration, and Jerome Powell has sort of been a buffer against that, and Naresh has been using the term disinflation. I don't want you, the listener, to confuse that with deflation. Deflation means an increase in the purchasing power of your dollar, something that we rarely see. Disinflation means a slowing in price increases, meaning the rate of inflation goes down. And yes, I think it's been pretty obvious, and I've stated on the show before as well, that the Fed cares more about the employment situation than they do the inflation situation, probably, and you as an investor, you need to be careful what you wish for, because low rates sound really good, and they can be, but high employment typically correlates with high interest rates of all types, and lower employment typically correlates with low rates of all types. Rates get lowered because they know that the economy needs the help so you can't get both. You can't get both high employment and low rates. That condition doesn't persist for very long. And the Naresh during this part of the cycle, it's really been unusual and interesting at how new build properties have such advantages for investors today, including the aberration that the median new build property costs $33,500 less than the median existing property. That data is per the NAR when we think about new build property. Well, wait, first of all, that sounds amazing, and some people are incredulous about that, but there are reasons that the average new build property costs less. A lot of times the size is smaller. A lot of builders are building further from city centers. So I think before an investor gets in and buys a new build property, one really important question for them to ask is, oh, okay, well, how far is that property from an employment center. But otherwise, it's really the right time in the cycle for new build. New build can make your investment more passive. You know, you've got new fixtures, of course, and a warranty, and you're going to have lower insurance costs as well, typically, on a new build property. And Naresh, as you're talking with our followers and investors about new build property. I'm just kind of wondering, do you get more people that want to self manage the property because it's new build, because they figured that their maintenance and repair requests are going to be fewer? Or what do you see in there?   Naresh Vissa  32:35   No, not at all. Because the strength of GRE is that we connect investors, we coach investors so that they can own real estate around the country. They're not owning real estate in their neighborhood or in the area that they live in. We only focus on markets that make sense, generally linear markets, state friendly landlord friendly states, those other markets we are focusing on. So even with new builds we are seeing, I would say 100% of investors saying, hey, I want professional property manager, managing the property that's extremely, extremely common, that is the norm. I will also say, with new builds you brought up earlier, when you introduced me, I own several properties. The last two properties I bought were new construction. Were new builds. Yeah. And I personally comparing the first six properties of rehabs to my last two, which were new builds, I've had far fewer issues with the new builds, not just far fewer issues. I would say overall, the profitability has been greater with the new builds, despite the pro forma initially showing that I would barely Break Even now, I did buy several several years ago before all this appreciation and inflation hit. But it certainly helped a lot to have new builds where the maintenance is far lower and where the quality of the tenant is extremely high. So I generally recommend our investors, if you have the capital available, and generally, just to keep things simple, I say if you have $100,000 in liquid cash ready to go, there's no reason why you shouldn't be buying a new build. Would I waste my time with the rehabs, with the burrs. I mean, those could be profitable too. You should never say no to anything but the new builds. I've slept better at night because of those reasons, because I know at least for the first 10 years that there aren't going to be any major problems and the quality of the tenant is going to be far higher. So I'm a huge fan of new builds, not pre construction. Pre construction means you're buying a plot of land, and then you hope that the builder is going to build a home on top of it. And most of the time, the builder does, but many times, as we saw during the pandemic, there were key. Countless stories around the country of developers selling pre construction and then nothing ever got built. They ended up flipping the land and generating a profit off of it. I don't recommend those at all, but new construction is the way to go. And I'll also add one more tidbit about the previous topic that we talked about, regarding interest rates also remember that lower interest rates mean that the government and their debt they're going to be paying, they can refinance their debt and pay lower interest on their debt when interest rates go down. So that's also going to help reduce the the deficit, and it's going to help reduce the debt as well. So that will help bring inflation down.   Keith Weinhold  35:42   We're talking about buying a property that's already built with new construction, and in a lot of cases, like we'll talk about shortly, it's already tenanted for you as well. So it really reduces the guesswork and the waiting. And of course, new build properties tend to appreciate better than existing properties. So, yeah, tell us more about new build properties, because they tend to be in Florida and Texas that really has an outsized number of them right now. And that's where the builders are really giving incentives when we talk about appreciation, and where we think about appreciation going in the future. You know, appreciation has been really tepid, really boring. Prices have even contracted a little in some Florida and Texas sub markets, but with the long term trend, visual capitalists just shared a terrific map from today to 2050 for example, the Texas population is expected to grow 27% one of the fastest growth states that there is going to be. And a lot of people say, Oh, isn't it going to pass California in population soon? No, not anytime soon. It'll be decades. California is expected to grow 8% over the next 25 years, but Texas is a place where the numbers still can make sense on new build, because you have some overbuilding. So some builders are really incentivized to give you a good deal.   Naresh Vissa  37:06   Well, there are several markets in general. Let's just talk about it. You use an important term, which is appreciation. With new builds, the likelihood of appreciation is greater. This is statistically backed up. You can go check your sources, but the likelihood of appreciation is far greater with new builds compared to older rehabs, a property that's 50 years old, six years old. In fact, those properties probably appreciated early on in their life cycle, and that's just generally how it works. So with new builds, I say look, cash flow is still important. Cash flow is one of the tenets of real estate paying five ways. It's one of the core tenets of get rich education. But you also have that appreciation play with new builds. Again, it's about markets, because if you're buying a new build in, let's say a California or a New York or a New Hampshire, some really anywhere in the northeast, then it is somewhat of a speculative play, depending on the price point, depending on a lot of different other factors. But when you're talking about the markets that we operate in at GRE you brought up two of them, Florida and Texas. There are other markets, like in Tennessee and Oklahoma, where we have new constructions, and they are also positive, cash flowing, high appreciation place. So you just never know what's going to happen. I bought a new construction, for example, just outside of Memphis six years ago. It was just outside of Memphis in Mississippi six years ago, and I bought it for purely cash flow purposes. The pro forma looked good. Property was brand new. It was near several areas where there were many jobs. So I said, Hey, this is a good cash flow play. And I even remember asking my sales agent, hey, what do you think about appreciation? I usually never buy for appreciation, but this is a new construction. What do you think? And he said, You know what? I don't know if this is really going to appreciate that much. I'm not really sure about that. So I said, that's fine. I like the cash flow. Well, fast forward, six years later, as I said, we you just never know what's going to happen. We saw this inflation. We also saw an influx of people migrating into Tennessee, migrating into Mississippi, especially that Mississippi Tennessee border migrating into the Memphis area. Now we have the Trump administration, sent in the National Guard  about about a month ago, sent in the National Guard into the Memphis area, and they haven't left. They're still there, and crime has is at least based on the numbers that crime has really the National Guard has made a big difference on crime, and that's usually the number one deterrent for a market like Memphis. The point that I'm making here is that you just never know what's going to happen with these new construction builds. If you can get positive cash flow, I always tell our listeners. Shouldn't buy a new construction that's negatively cash flowing. You still want to protect yourself. You don't want to be paying money out of your bank account to own a property. Money should be coming in. So you still want to be positive cash flow. And the appreciation is a huge, huge plus, even in areas that you would not think or that you would not expect to appreciate all that much.   Keith Weinhold  40:22   Appreciation just is not as much of a story over on some other platforms, perhaps, or the way that people think about it, because if you pay all cash, appreciation isn't that good for you, but you're leveraged at four to one or five to one with a 20 to 25% down payment, which can really give you those outsized rates of return, which aligns with what we talk about here at GRE Well, we have a live upcoming virtual event. It is this coming Thursday, and before I ask you if you have anything else to tell the audience here as we wrap up, Naresh, it is hosted by you. So it is co hosted by our own in house investment coach Naresh, and our guest that you heard last week here on the show radio veteran Adam. The Event Thursday is called how to scale your portfolio with tenanted cash flowing new construction properties where you can get up to $41,000 cash back after closing, we talk about these builder incentives. So today's real estate market is really giving buyers opportunities for new builds that I haven't seen, maybe ever. Builders are incentivized to move their properties, and we've made headway with builders to get you up to a 10% cash back incentive at closing when you purchase, you can either take the cash at closing or boost your cash flow by buying down your rate, perhaps get some rent credits, so learn how you can take advantage and really prime yourselves for moves today that are going to lead to your success in coming years. And we have tenanted again, tenanted already occupied new build properties in hot markets like Houston, San Antonio, Dallas, Texas, ready for you to purchase with up to that 10% builder incentive so that you can cash flow from day one. And these properties are really in high quality communities, primarily owner occupied, high appreciation, upside, solid rent growth. So learn the strategy, learn the markets and even see available new build income property. The benefit of you attending is that you can have your questions answered in real time by Naresh or Adam. You can sign up for that now at grewebinars.com It is Thursday, November 13, at 8pm Eastern. Any last thoughts as we lead into Thursday, Naresh?   Naresh Vissa  42:45   Gre, webinars.com gre, webinars.com go to that website to register for our free online special event. It will be live. I'm going to be there with Adam. You heard on last week's podcast, we've got some great deals and great incentives, like what you said, Keith, and they're all new constructions. They're all new constructions, mostly in Texas. And these are major markets in Texas too. We're not talking, yeah, many of our followers and listeners, they see a new construction, and they're like, I've never heard of this place in Alabama, or I've never heard of this place in Oklahoma. These are in legitimate suburbs, areas outside of Dallas, Houston, San Antonio, some of them are even in Dallas, Houston, San Antonio proper. So these are markets that everybody is familiar with. It's not some podunk town that you may have seen on our GREmarketplace or GRE spreadsheet in an Arkansas or in Alabama. These are mostly in Texas. The incentives are great, and these are national builders as well. These are not small, no name, Mom and Pop builders. These are national builders who we are working with to offer these special incentives. These are names like you've heard. Many people have heard. Some of them are publicly traded companies like an LGI, that's a very large national builder. That's who we've partnered with to get these deals so grewebinars.com is the link to register for our online special event. GREwebinars.com. I hope to see all of you this Thursday,   Keith Weinhold  44:31   major builders, major markets and major incentives on new build property. You're going to hear more from Naresh on Thursday, it's been great having you back on the show.   Naresh Vissa  44:43   Thanks a lot. Keith   Keith Weinhold  44:50   oh yeah. Naresh does a better job of hosting GRE webinars than I do. In my opinion, you'll remember that I hosted them myself until 2020 23 but you know, maybe I'll come on to a future event for just the first five minutes on one of the upcoming ones, and give an intro before I let the real pros take over. This event is called really just what it is, how to scale your portfolio with tenanted cash flowing new construction properties. It's co hosted by Naresh and Adam, who you met last week. I have never seen this before, where the builder is giving you a fat 10% discount after closing, 10% you can use those 10s of 1000s of dollars to buy your rate down into the fours or other things like use it toward a down payment on another property, pair it with DSCR loans and pay no mortgage insurance on either property. You could buy one property or two properties or 18 properties through the event and DSCR loans. You might remember that means no time consuming income verification, no concerns about your debt to income ratio or W twos or tax returns. We'll show you how to do it all. Like Naresh was saying, we eat our own cooking. We ourselves. Here at GRE are investors too, and we are buying new build for our own personal portfolios. The time is right for this. It wasn't a few years ago, and a few years from now, it probably won't be either. Hundreds are already signed up for it. It is this Thursday, at 8pm Eastern. It's GRE, last event of the year. This is it one last time attend by signing up at grewebinars.com that's grewebinars.com Until next week, I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 4  46:59   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively. You   Keith Weinhold  47:27   The preceding program was brought to you by your home for wealth building, get richeducation.com  

Parent teacher conferences. Voting in local elections. GTA VI delayed again. Jim Downey appreciation. Support our sponsors: FitBod.me/ROSS for 25% OFF your subscription OR try the app FREE for 7 days! Exclusive ad-free episodes weekly on Patreon.com/RossBolenPodcast Subscribe on YouTube: YouTube.com/@TheRossBolenPodcast Presented by Bolen Media: BolenMedia.com

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Don't fret. The guys are back and well-rested after the bye week and ready to provide some sports information on the latest episode of, well, Sports Information.Topics include: Alabama week, Frank Wilson as interim, crossover season in the communications office and College Sports Communicators Appreciation Week. Make sure to give your favorite SID a hug today – and every day!

Join us for a new Sh*t Talkers Weekly podcast episode! This week we're joined by Marlon “Chito” Vera - Ecuadorian professional mixed martial artist. Cam took Chito on his first ever Blacktail Hunt, and Chito's here to talk about it - the hate comments, his thoughts on his first hunt, what he thinks could make the UFC better, and more! Follow along: Instagram: https://www.instagram.com/cameronrhanes Twitter: https://twitter.com/cameronhanes Facebook: https://www.facebook.com/camhanes/ Website: https://www.cameronhanes.com Timestamps: 00:00:00  Chito's Thoughts on Hunting 00:10:38  Hate  About Chito Hunting … “Trophy Hunters” 00:13:55  Hours in the Woods & Holding Your Sh*t All Day 00:17:27  Gringos & Tortos 00:19:38  Re-Population of Elk, Bucks, Does, Etc 00:21:12  Cam's Crazy Workouts Lately 00:25:28  Sh*t Talkers Weekly Shirts  00:33:43  Appreciation for Lineman  00:35:16  Hoyt's New 2026 Bow 00:38:39  Chito's Future Plans in Hunting & the Keeping the Tradition 00:47:14  The Emotional Impact of Hunting vs Fighting 00:54:08  Chito's First Experience Having Dairy Queen 00:55:55  Chito's Running Plans 01:03:28  Celebrity Boxing Matches & Money in Boxing 01:07:41  Pressure on the Fight Judges & How the UFC Could be Better 01:18:03  Who Would Chito Want to Fight in a Celebrity Fight? 01:20:14  F#*k, Marry, Kill: Cars, Hunting, Fighting 01:24:50  Final Thoughts, Guns, and F#*k, Marry, Kill for James Thank you to our sponsors: Ketone IQ: https://www.ketone.com/Cam use code CAM for 30% off your first subscription Sig Sauer: https://www.sigsauer.com/ use code CAM10 for 10% off optics LMNT: Visit https://drinklmnt.com/cam for a free sample pack with any purchase Montana Knife Company: https://www.montanaknifecompany.com/ Use code CAM for 10% off  Hoyt: http://bit.ly/3Zdamyv use code CAM for 10% off Grizzly Coolers: https://www.grizzlycoolers.com/ use code KEEPHAMMERING for 20% off

Written by Simon ChadwickCome and follow more adventures on our animated TV show on Youtube!

Written by Simon ChadwickCome and follow more adventures on our animated TV show on Youtube!

It's a Coca Thursday because there is no show Friday! Coca wanted to get started today talking about Trey Yesavage and the meteoric rise he's had this season from Single-A ball to World Series ace! Louisiana governor Jeff Landry had an insane press conference to discuss the head football coach at LSU? We dissect Kirby Smart's comments on the firing of Brian Kelly, NBA load management and Michael Jordan's disgust of it, and some chatter on NFL salary caps! Learn more about your ad choices. Visit podcastchoices.com/adchoices