Podcasts about as warren buffet

>> Get The Book (Buy Back Your Time): https://bit.ly/3pCTG78  >> Subscribe to My Newsletter: https://bit.ly/3W2tjp2 I spent the last 30 days analyzing thousands of businesses and these are the best businesses to start in 2025… As Warren Buffet always said “great businesses have good gross margins” And I'm going to go through the most profitable businesses with the highest gross margins that you can start today. Even if this is your first business, or you've been doing it a long time… You can use these ideas to inspire your next move. And start building your empire.

The name of the game is flexibility. Today's guest is an agent of change who has an exit under his belt, a transition from founder out of the CEO seat and recently increased the company from a 4-day, back to a 5-day work week.Join Jim and Alejandro as they go deep discussing Alejandro's journey building Komet Sales - a vertically integrated floral platform - with a focus on what it means to build a strong culture and how to align people to the company's long-term vision. 3 Key TakeawaysEmbrace Change: Don't get attached. Whether that's a title, a GTM approach, a person on your team. Things change, the ability to adapt quickly is an asset. Learn to let go, to move forward!Find a Mentor: This is a golden nugget that not nearly enough founders/CEOs do. As Warren Buffet says, “It's good to learn from your mistakes. It's better to learn from other people's mistakes.”Understand People: Take the time to know your team. This is the foundation for culture. When people believe in what you're doing, combined with a strong sense of connection, you've got a recipe for company success. Resourceshttps://www.kometsales.com/https://www.linkedin.com/in/aperez/About Our Guest Alejandro started Komet Sales, the top software platform for the flower industry. He built the business from nothing until he was able to sell it successfully. Along the way, he faced many challenges that most startups deal with. His journey needed a strong passion for what he did, lots of creative thinking, and taking smart risks.About The Dirt Podcast The Dirt is about getting real with businesses about the true state of their companies and going clear down to the dirt in solving their core needs as a business. Dive deep with your host Jim Barnish as we uncover The Dirt with some of the world's leading brands.If you love what you are getting out of our show please subscribe.For more information on how we dig into the dirt check out our other episodes here: https://www.orchid.black/podcastAbout Our CompanyOrchid Black is a new kind of growth services firm. We partner with tech-forward companies to build smarter, better, game-changing businesses. Website: https://www.orchid.black Jim Barnish's LinkedIn: https://www.linkedin.com/in/grow-smart-grow-fast/ Orchid Black's LinkedIn: https://www.linkedin.com/company/orchidblack/ YouTube: https://www.youtube.com/@OrchidBlack All contents of this show are rights of Orchid Black©️ and are not to be used unless authorized by written consent.

On to this week's show, someone polar opposite to my strategy of lazy investing: fully involved and active investing including having executed on 150 or some deals in 2023 including 50 flips.  While Luc Boiron lives in Ottawa, he has flips are far as Vancouver and while flips are sexy as people love to watch them on tv or take courses on flipping… well I'm sorry, not sorry we have Luc here to share a behind the scenes look at why he's flipping and it's not what you'd expect. Luc is the founder of Bliss Realty, former lawyer, one of Canada's leading investors.  He has a massive team and even more massive advertising budget. Luc is a legit investor and even has some stories about fake it till you make it investors failed to close on buying wholesale deals from him. Listeners, never forget, the community is a small one and we all talk.  We know who the fake it till you make it investors and gurus are and where they learnt those strategies. As Warren Buffet says “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.” Luc Boiron has also recently launched his podcast the Selfwealth Real Estate podcast available on Apple Podcasts and my fav platform Spotify. Please enjoy the show.

Andrea Jenson is the Founder of The Cash Flow CFO - the 7-Figure Entrepreneur's Solution to Scaling a PROFITABLE business, and the creator of the Predictable Profits Accelerator - a five (5) step holistic approach to creating predictable business profits. The Cash Flow CFO team provides fractional CFO Services, Fully Outsourced Accounting Teams and Financial Training Programs. Andrea's modern, boutique approach provides well thought-out, practical solutions, designed to help entrepreneurs run and scale their business faster & easier. As an investor and entrepreneur, Andrea understands first-hand what business owners need most to grow & scale. Prior to opening her firm, Andrea ran Corporate Accounting Departments for both Public and Private Organizations. Her work experience includes Starwood Hotels, Venture Capital and Multi-Million dollar Online & Offline Businesses. Today Andrea's goal is simple: to empower business owners to confidently OWN their finances and their future and use their business as a vehicle to create personal, legacy wealth. In addition to sitting on the Board for several Non-Profits in her community, Andrea is a wife, mother, soccer player, and passionate volunteer who spends her free time helping kids with cancer thrive, and shelter dogs find their forever homes. Here's what we covered on the episode: Andrea is a fourth generation entrepreneur and while she was in college on a soccer scholarship, she had to choose a major and chose accounting As Warren Buffet says, accounting is the center of business, and she kept learning how business models play out and then she graduated with a business degree After graduating, she got a job at a venture capital firm and there she was able to compare what she did there with what she knew in the restaurant industry She noticed the big disconnect between the industries, what small businesses do compared to the big businesses and that's how her business was born While Andrea understood accounting, she didn't have a ton of background in business tasks like sales and marketing When she first started out, it was a lot of trial and error for the first couple of years, tried to do it on her own, and now has a team of 30 people working for her A closer look at how Andrea's Company operates Andrea's company offers fractional CFO services and by focusing on implementing systems, she was able to grow the business and hire more people Andrea explains the role of a CFO and benefits for businesses using the metaphor of driving a car to explain the difference between a CFO and other financial professionals A CFO is described as the person looking out of the front windshield, providing future forecasts and strategic planning Every month, they look at budget and actuals; so by having a monthly look at that they're able to prevent money leaks in the business and increase finances Why a forward looking process can better help you use your resources They help business owners make more money by using historical data to forecast the future and strategically deploy cash Strategic financial planning includes decisions like investing in hiring more staff, purchasing equipment, or expanding office space Right now, Andea's company offers done-for-you services, and they plan to offer workshops + courses to be able to serve more people Why her company focuses on using financial anchors such as budgets, forecasts, and job costing help businesses stay on track and adapt when needed These anchors provide a big game plan while allowing for adaptation and adjustment How Andrea's team meets for a “Workshop Wednesday” to close gaps in their current processes as they work with teams The benefits of having a CFO inside your business Andrea highlights the constant stress and juggling that business owners experience, and how having a CFO can alleviate this stress by allowing the business owner to focus on sales, marketing, and fulfillment Working with a CFO can fine-tune the business model and make it more profitable through incremental adjustments Not all business owners have the financial skills to make these adjustments, which is where a CFO can provide a return on investment Having a CFO not only benefits the business owner by reducing stress but also makes the business more profitable and efficient The approach Andrea took when it came to branding her business Andrea's brand aims to create a comfortable and safe space for business owners unsure about financial matters How a lot of her clients made her clients feel bad about their past moves; and her brand uses the approach of understanding that it's okay, we just move on from here Their logos, company values, colors and marketing they share the same message They want businesses to feel comfortable working with them; and the approach of not making people feel bad about their situation They are exploring areas such as benefits, insurance, and staffing to serve their clients in different capacities How there's currently a shortage of accountants drives the need for strategic partnerships to attract quality accountants Their primary focus is on providing excellent customer service and continuously improving their offerings Timing is crucial in business, and some factors can be controlled while others cannot COVID made it difficult to find good team members, emphasizing the need for strategic hiring and planning A staff utilization schedule helps determine revenue generation based on the existing team Budgeting should consider the time period before new hires can generate revenue and align with sales activity Andrea's company aims to serve their clients as it grows and evolves, exploring various avenues such as partnerships and joint ventures How you can connect with Andrea on her website and you can also check out her YouTube channel Links mentioned: The Cashflow CEO Website  Connect with Andrea on LinkedIn Andrea's YouTube Channel Andrea's FB Page  Connect with Andrea on Instagram   Like what you heard? Click here to subscribe + leave a review on iTunes. Click here to download my Sales Page Trello Board Let's connect on Instagram!  

In this podcast we discuss the event of the 1929 stock market crash, its causes, and some of its aftermath.    This crash caused the creation of the SEC, FDIC and other protections for the US Consumer.    Speculation and greed caused the stock market crash of 1929, as well as most other large stock market crashes. What goes up, usually comes crashing down when it is built on a weak foundation!   As Warren Buffet says, "Be fearful when others are greedy and be greedy when others are fearful!"

Hi. I'm Andriansyah Gustiar 205111035 from Politeknik Negeri Bandung. In this podcast, i will tell about the success story from Warren Buffet. This story prove that to make successful person we must enjoy the process. Of course, we should upgrade our abilitiy and knowledge. As Warren Buffet said "The more you learn, the more you earn".

As the economy enters a state of uncertainty, Ryan asks JP his perspective on investing during economic recessions and staying optomistic through uncertainty.  JP shares his opinion on where we're heading and the opportunities that lay on the other side of fear.  As Warren Buffet says, "Be fearful when others are greedy and greedy when others are fearful." Follow the Investing on Purpose Podcast on Instagram @investingonpurpose.

Tax Fairness Might Lie in the Carbon Tax. The host for this show is Howard Wiig. The guest is Sara Brower. One of the prime causes of today's social unrest is the bifurcation of the economy. The middle class is stable but shrinking; the rich are getting richer and the ultra-rich are harvesting larger and larger of the nation's GDP. Meanwhile, the lower economic 50% of America is stagnating or even trending downward, causing resentment and frustration and opening the way for strongmen to rise to power. A prime cause of economic bifurcation is a tax structure that favors the rich. As Warren Buffet says, “My secretary pays more taxes than I do.” A path to a fair tax system may be by instituting a carbon tax with built-in checks and balances that lessens the burden on the poor and middle class, and ensures that the rich pay their fair share. The creation of a fair system could in turn tamp down the acrimony prevailing on the American social structure. The ThinkTech YouTube Playlist for this show is https://www.youtube.com/playlist?list=PLQpkwcNJny6nMw4RxJwoYzhZyXl8mz7hp Please visit our ThinkTech website at https://thinktechhawaii.com and see our Think Tech Advisories at https://thinktechadvisories.blogspot.com.

Since 2008, I've witnessed several epic collapses of real estate investment companies. Some small, some still in court for hundreds of millions. Several private lenders, even mortgage brokerages who originated the private lending have deals go bad.  In speaking to friends who had invested with Epic Alliance, a Canadian real estate company that recently collapsed, the passive investors are now actively scrambling and taking over control of the properties.  As Warren Buffet said, “only when the tide goes out do you see who's swimming naked.” Please enjoy the show!

What does it mean when someone says, “I've heard of you”? It means that your brand has value, and hearing that only adds more positive capital to your brand (unless you're known for the wrong reasons). If people have heard of you, then the power of “word of mouth” is working in the background, on your behalf. The sales pitch is already on its way. You are not starting from ground zero. Of course, this doesn't happen overnight. Building and cultivating a brand can take years, if not decades. Perhaps you may even have to re-brand, which takes even more time. The talking points have to change. As Warren Buffet famously said, “It takes 20 years to build a reputation and five minutes to ruin it.” Truer words have never been spoken. So, the question becomes: What do you need to do for people to “hear about you” and recognize your brand? Continue reading here.   The article read in this episode originally appeared on the Forbes Agency Council CommunityVoice™ in November 2020.   Activate The PR Maven® Flash Briefing on your Alexa Device.  Join The PR Maven® Facebook group page.  Sign up for email notifications for when new episodes are released. Take one of The PR Maven® Online Courses.

https://propertyplanning.com.au/propertyplannerbuyerprofessor/In this week's episode Dave, Cate and Pete take you through:Market update1. Expected end of year activityIf you're committed to purchasing a property, now is not the time to take your foot off the pedal. There is a distinct determination of buyers, vendors and agents to get deals done prior to Christmas and with other buyers getting distracted with Christmas preparations and other plans, now may be an opportune time to purchase. Unlike last year, where many agents worked through January after the desperation caused by lockdowns, agents want to take a break and are motivated to wrap up sales before the holidays.2. Melbournians and Sydneysiders are moving back to the CBDToday's episode is about the contrarian approach to investing and one potential opportunity, (although the horse may have bolted) is purchasing a quality unit in the inner-ring or CBD that has unique attributes to provide long-term growth. Rental stock on the market for apartments in inner Melbourne have plummeted by 76% since February and this same count is down 56% in inner Sydney, showing that buyer demand for city units is now starting to pick up.3. How COVID has impacted overseas property marketsThe Property Professor outlines the striking similarities between Portuguese and Australian property markets and the impact that covid has had in relation to commercial and residential property.Contrarian investing1. What is contrarian investing?Contrarian investing is an investment style in which investors purposefully go against prevailing market trends by selling when others are buying, and buying when most investors are selling. Contrarians may be seen as courageous, unconventional, counterintuitive thinkers, able to withstand herding pressures from crowd-following conformists. As Warren Buffet has said “"Be fearful when others are greedy, and greedy when others are fearful." Contrarian investing is often discussed within share trading circles, but it is entirely relevant in property too.2. Real examples of contrarian investing in propertyThe Property Buyer talks through her own personal experience of purchasing property during the GFC, when buying conditions changed dramatically and many were fearful. Also more recently, a client who purchased four properties at the beginning of covid, who saw the opportunity, while others put their purchasing plans on hold.3. What would happen if you purchased half-way through a market fall?The Property Planner shares his research on how your assets would have performed if you purchased shares mid-way through the GFC and 2020 covid crash and purchased property during the APRA driven downturn in 2018. When a market is falling, it can be one of the best times to buy. But it is scary, due to the uncertainty of how far the market will drop or how long the decline will last before it swings back up.4. Property market downturnsCheck out our show notes to see a graph of the last few decades of downturns. The downturns look like blips in the long run. When the market declines, the magnitude is not as great and the length not as long as when the market is on the rise. The most recent downturn lasted 18 months, which felt like a long time when you're living it, but in the scheme of our lives, is not very long.5. Segmenting markets – contrarian investing is not just about market timingWhilst buying when others are fearful of buying is an obviously contrarian approach, there are also other strategies to within contrarian investing. This could mean purchasing a less popular dwelling type, (such as an inner-city apartment), selling a property in a coastal or holiday hot spot or purchasing in a less popular area. The Property Buyer shares her tips on purchasing an inner-city apartment, which she just assisted some clients with.6. The risks of being a contrarianGoing against market sentiment does carry great risk and simply going against the grain without doing the research and understanding the market will not necessarily yield you good results. The dangers of contrarian investing, if you get it wrong, is difficulty in selling if you've chosen an unpopular property or extended days on market when it's time to sell. We also can't underestimate the opportunity cost of investing in an underperforming asset versus putting your money in a well-performing asset instead.7. Considering commercial propertyWith the onset of COVID, commercial property has taken a hit and could present an opportunity to catch the market while it's falling.Visit the show notes - https://propertyplanning.com.au/what-is-contrarian-investing-and-how-can-you-make-it-work-for-you-market-updates-melbourne-and-sydney-move-into-cbd-covids-global-impact-on-property-and-december-is-a-good-time-to-buy-ep/

Inflation is hitting 40 year highs and investors are aggressively jumping into the market to make up for what they're losing. But is that the best approach? Other investors are keeping their powder dry by holding cash… but history has proven that holding cash is a losing proposition from the start. How can you hedge against inflation effectively? This episode is focused on answering that question, and not based on opinion, but on facts that have come to light through the course of history. Find out what your only real hedge against inflation is, on this episode. You will want to hear this episode if you are interested in... High inflation after a 40 year bull market… is this the new normal? [1:13] Why stocks, equities, and dividends are the only hedge against inflation [4:26] Diversification is the only way to succeed in long-term investing [8:19] The Tipping Point: Proactively protecting yourself against bubbles popping [10:10] Hidden Facts of Finance [19:29] Inflation like we've not seen for 40 years, and bullish investors respond After a season of all-time market highs we're seeing inflation spike due to a number of factors. The response from investors is that everybody seems to be getting into the market, but is that wise? As Warren Buffet has been known to say, “Be fearful when others are greedy and be greedy when others are fearful.” It could be time for investors to heed his advice. What is a good inflation hedge? Stocks, equities, and dividends, with statistics as proof that it's the right approach. Listen to hear the facts.  This week on the tipping point: Proactively protect yourself against market bubbles There's only one thing in the stock market that doesn't change: investor behavior. It's always the case that people think they can correctly guess when stocks are going to continue to rise and when they are going to fall. That's one of the main reasons why people become indignant any time you suggest that their favorite investment is a bubble. The insist they will get out before it crashes, but as far as we can tell, there's still no reliable way to know when that is going to be. Everyone is afraid of missing out, so they ride those bubbles much longer than they should, fail to diversify and invest wisely, and lose a ton when the bubble pops. Boring investments are the way to go, because over time your portfolio will consistently grow when you keep your portfolio in solid, proven stocks. This week's hidden facts of finance Rivian is one of the bright so-called stars in the electric vehicle industry and its market cap is an unbelievable $140 billion. It makes no sense. Futures and options are proven ways to get burned for most investors. The dollar compared to the S&P 500: the dollar has no leg to stand on. Going to the mall is a thing again. Listen to hear all the details on these topics.  Resources & People Mentioned See if you qualify for a complimentary financial review from the Paynes Connect With Ryan, Bob, and Chris http://PayneCM.com  Follow on Twitter Follow on Facebook Follow on LinkedIn Subscribe on YouTube Follow on Instagram Subscribe to Payne Points of Wealth On Apple Podcasts, On Google Podcasts, On Spotify

“Think of ways you can grow offline, so that you can grow online.” One of the keys to success is setting healthy boundaries. As Warren Buffet says, " The difference between successful people is that really successful people say NO to almost everything."  Well, I was taught you should always say YES? I had the chance to bring my friend Michael on the show to share his perspective on this topic and he was an amazing resource. Michael H. Forde is an American author and public health specialist. He is the author of Success Begins From Where You Are! and is known for his work in health communications and disparities in the community. He has served several public and private community organizations.​He is a New York City native who attended Johnston County Middle College High School in Smithfield, North Carolina, graduating at the age of 16. Toward the end of his high school senior year, he received the Gates Millennium Scholarship which granted him the opportunity to receive full funding to pursue undergraduate and graduate programs. ​Forde received his undergraduate degree in health science from Southern Adventist University in 2014. In 2017, he graduated from Campbell University College of Pharmacy & Health Sciences, earning a graduate degree in public health. Forde authored Success Begins From Where You Are!, a book designed to inspire and motivate individuals to have faith and determination in their journey toward success. Forde is a firm believer of harnessing the power of one's own potential by leveraging positivity. He lives in Washington, D.C. In this episode, Michael shares the keys to what a healthy sustainable life looks like including setting boundaries, consciously using social media, and the importance of time management. Here's what you will learn: What it was like to graduate high school at 16 (2:11) The difference between a coach and a mentor (6:35) How Michael started to grow his following on Instagram (13:21) How Michael manages his boundaries around social media (19:29) The importance of time management to your success (26:41) What you learn from saying no and setting boundaries (31:24) How to set proper boundaries around Clubhouse (38:29) How accountability partners help in life (41:43) Screenshot your favorite part and post to your IG story and tag me @amberlylagomotivation and @michaelhforde so we can see and repost to our stories!   Follow Michael: Facebook Instagram Twitter Website   Links mentioned in this episode: Keishorne Scott HabitShare Success Begins From Where You Are!   Your Unstoppable Life Mastermind is coming June 26th! We will work to help you activate your highest potential, so that you can live the life you deserve!!  Apply now and let us know you are ready for greatness!   Hiitide Book Club: I am excited to share that registration for the True Grit and Grace Book Club is now OPEN!!! Register here!   Unlock your highest potential and start living the life you deserve! Read the True Grit and Grace book here and learn how you can turn your tragedies into triumphs!  Thank you for joining us on the True, Grit, & Grace Podcast! If you find value in today's episode, don't forget to share the show with your friends and tap that subscribe button so you don't miss an episode! You can also head over to amberlylago.com to join my newsletter and access free downloadable resources that can help you elevate your life, business, and relationships! Want to see the behind the scenes and keep the conversation going?  Head over to Instagram @amberlylagomotivation! Audible @True-Grit-and-Grace-Audiobook  Website @amberlylago.com Instagram @amberlylagomotivation Facebook @AmberlyLagoSpeaker

Jack Bosch is an experienced business owner, entrepreneur, real estate investor, respected industry leader, speaker, educator, and perhaps most importantly, a parent and husband. He's the author of the bestselling financial literacy book “Forever Cash” and the creator of the Land Profit Generator: Real Estate Without Hassles system. Jack immigrated to the United States from Germany in 1997 with just 2-suitcases and a bunch of student debt. Since 2002, Jack and co-founder Michelle Bosch have purchased and sold over 4,000+ properties. With his Land for Pennies investment method, Jack and Michelle went from zero to a million in just 18 months! As a result, this simple little-known Land for Pennies real estate niche has provided thousands of people with the opportunity to get into the real estate game without the hassles of traditional real estate investing and Jack and Michelle continue to spread the message with the mission to create 1,000 millionaires and impact the lives of many more. HIGHLIGHTS OF THE EPISODE 02:00 - Changing people's lives and doing deals 04:45 - Three Lifestyle Plans 10:00 - Definition of American Dream 14:53 - Understanding the world of Real Estate 22:55 - Strategy for solving of properties KEEPING IT REAL 28:25 – Meeting the demands 30:55 – Making the land or lot interesting more than the others 37:40 – Knowing who's in control of the land 41:00 – Mistakes that people typically do when purchasing or selling 45:35 – Process of attaining a goal 52:10 – Choosing an asset class in Real Estate NOTABLE QUOTES (KEY LESSONS): “What we're doing is living a legacy and changing the trajectory of the lives of so many people.” 2:27- 2:31 “If they do it, I can do it. I'm not less smarter than they are and they're not smarter than me, I can figure this out if they figured it out.” 16:30 – 16:35 “In the best sense of the world, it is boring and boring is actually a wonderful thing. “As Warren Buffet said “In business you don't want excitement because excitement usually means trouble.” 49:28 – 49:37 - This episode is brought to you by Boostly, a direct booking website provider for short term rental hosts like me and you looking to dominate the marketplace with direct bookings! To get onboard, schedule a call with Mark and his team at Boostly here: https://boostly.co.uk/epic CONNECTING WITH THE GUEST Facebook: https://www.facebook.com/jack.bosch LinkedIn : https://www.linkedin.com/in/jack-bosch-a923b59/ Website: https://www.landprofitgenerator.com/

Episode 26: GameStop - The Difference Between Investing and Trading At Flourish, we build client portfolio allocations and use a mixture of mutual funds and ETFs to accomplish long-term goals. Taking a long-term approach like ours, based on upside potential over time, is called investing. Trading, conversely, focuses on making money in the near-term by capitalizing on price changes, upcoming announcements, and expectations of short-term gains. Trading is exemplified by the recent headlines on GameStop and others and, while it’s not necessarily bad, we prefer the risk-reward benefits of investing. As Warren Buffet once said, “Our favorite holding period is forever.” Always check back next week for more Flourish Insights with Jay Pluimer and don't forget to check out our insights blog at https://www.flourishinsights.com Please write a review of this podcast on Apple Podcasts or Alexa

Track where your money goes this 2021! ➜ Income/Expense Tracking Sheet: https://tinyurl.com/y4h3kfx9 Here are some things you can do to handle your finances better this year: 1. Set up a goal - It may be cliché or overrated for some, but having a definite goal in mind would really help you out. As an alternative for new year's resolutions, I think it's better for us to set up goals for ourselves that we can hit within a year. Whether it's getting that promotion that you've always wanted or putting up the business you had in mind for some time, it all starts with a goal. 2. Define your why - You need to know the reason or the rationale why you're doing something. Example: putting up or opening a new business is your goal, so the question is, why do you want to do that? The answer will surely differ from person to person but a common reason would be to exit or quit the 9-5 job. If you know your 'why', then it's gonna be easier to stay committed to your goal and take action to actually achieve it. 3. Save up - This might be the most used new year's resolution of all time. After buying tons of stuff (that you don't need) the previous year, you've decided it's time to finally save some money up for the future. We can all take Mark Cuban's advice ($4.2B net worth as of January 2021) to save up at least 6 months worth of your current salary/income. This will be your emergency fund and should be invested or shelled in an asset class that's highly liquid (example: high interest rate savings account). 4. Pay off debts (or don't got into debt at all) - Most common debt is credit card debt. We're addicted to get/purchase something now even if we don't have enough resources (money) yet. Jay-Z ($1B net worth as of January 2021) said it best, "If you can't buy it twice, you can't afford it!". However, there are good debts as well, the ones that give you more money/cash flow. More on that here: https://youtu.be/vuhA2bLNTec 5. Invest - Can't stress this enough, and hopefully more of you will start investing this 2021. It's much better to start as early as you can. As Warren Buffet said, "Never depend on single income. Make investment to create a second source." and "“If you don't find a way to make money while you sleep, you will work until you die.” Basically, you need to make your money work for you, aka make your money make more money HAHA! Hope that makes sense! By the way, yung tip #2 to #5 always goes back to tip #1, which is setting up a goal. Lahat ng ito are correlated to one another, in some way and hopefully this helps you out handle your finances better this 2021! #personalfinance #tips #pesosmart #saving #investing #debt #goals #stocks #valueinvesting #saveup #ipon #pinoyinvestor #stonks

Recently, someone reached out to me on LinkedIn and asked if he could purchase one of my training programs as a Christmas gift for his girlfriend. I loved that he thought about that! Not for me but for him AND for her! Because giving a gift of self-improvement or professional growth, not only does it demonstrate his support for her career but it is also a gift that will keep giving back. As Warren Buffet says "The best investment you can make, is an investment in yourself. The more you'll learn, the more you'll earn."Because of that, I decided to create this special holiday episode on gift ideas for professional growth.  We share a number of great gift ideas that might be exactly what your friend, family member, or partner needs right now. Links to some of the products mentioned:HBR subscription: https://hbr.org/subscriptionsCalm app: https://www.calm.comHeadspace app: https://www.headspace.com/headspace-meditation-appFelix Grey blue blocker glasses: https://felixgray.comSouth by Southwest conference: https://www.sxsw.comResume support for students: https://www.letseatgrandma.com/studentsTime Management online courses: www.alexishaselberger.com/online-coursesMessage me at contact@ramonashaw.com for any of the following gift ideas:CoreStrengths assessment (Motives, Communication, Strengths, and Overdone Strengths)StrengthsFinder assessmentOther personality-type and behavioral assessments (e.g. Enneagram, DISC, 16 Types)Breakthrough coaching session

In any organisation we are going to have our A, B and C players.  Hopefully no D players but if you do, then commiserations.  The Pareto Principle tells us that 20% of our team will produce 80% of the results.  Quite straightforward.  Why don't we just fire the 80% and keeping adding to the 20%.  Well mathematically it doesn't work and also practically it is problematic.  If you have very deep pockets and you can hire the best, then go for it. The rest of us are just hellbent on making payroll.  We do our best to hire well, but after the probation period has ended, certain things become apparent. As Warren Buffet famously observed, once the tide goes out you can see who was skinny dipping.  In a properly functioning labour market, the poorer performers, could be terminated and replaced.  This is where Japan makes the whole premise more interesting. Covid-19 has crushed the hospitality and tourism industries, so there are a lot of people available on the market for that type of work.  Some other industries have had to let people go, so the unemployment rate has crept up slightly.  It is still not a market overflowing with talent ready to make a move or looking for a job.  People tend to stay where they are and particularly so at the moment.  Japan does not like volatility and people's native conservatism comes to the fore to resist all change.  The upshot is that hiring people has become more difficult and is likely to stay that way, as the demographic decline kicks in. As leaders, we know that there is no point spending a lot of time trying to turn C players into A players.  All the research says put your energy into the A players, because they have so much more potential and capability to perform.  By definition there are fewer of these people in the team, so technically we should be able to use our available time to work more with them.  What do we actually do though?  Our emotions drive us to invest in the C players, trying to turn them into Bs.  We hired them, didn't we.  Basically, we have discovered they won't become As, in the vast majority of cases, but B levels seem achievable. We get irritated by the Cs poor performance.  We want to be that rising tide leader who can lift all boats.  However, are we deluding ourselves?  Are we unable to admit we screwed up the hiring process?  Is Covid-19 the opportunity to circumvent the bias in the Japanese legal system in favour of workers?  Is this a good time to cut people loose, who are C level and lower?  It is astonishing for Westerners, raised in the harsh Darwinian climate of foreign capitalist organisations, that being incompetent doesn't qualify as a reason to get fired in Japan. Is this the time to fire them and blame it on Covid-19?  It will release some cashflow every month with them gone and reduce the amount of management time that they suck up.  The issue becomes what happens after Covid-19 declines and things get back to something resembling normalcy?  If we think ahead and we have to consider replacing these staff in the future, there will be costs to that.  The current people may not be producing much. Their replacements will also be getting paid about the same amount and for the first period of employment, won't be producing much either.  It varies from firm to firm, but we can expect from 12 to 18 months of very little as the new folk in sales, for example, learn the business and start to create clients.  Other vocations may be quicker to skill up, but there is still that gap in performance that equals what the previous incumbents were doing.  There is also the groupism of Japan, which doesn't welcome tossing people overboard like jetsam.  “But for the grace of God, there go I” is the dominant fear within the ranks of the survivors. Getting people is hard, getting good people is expensive.  Trying to keep your lower performers may not be possible, if bankruptcy is looming. In that event, many of the team are going to be tossed out regardless, just to reduce fixed costs.  Assuming that is not the case and you think you can hang on until the coast is clear, then keeping everyone together may be the better solution.  Maybe you have to adjust some salaries down or increase the at risk component of the salespeople's packages to make it work.  Unlike your competitors who sacked their people, you will have a highly experienced, trained, knowledgeable and full strength team to lead into battle in the marketplace.  Your competitors will be down on numbers. They will also face a long period of adjustment, to recruit, train and equip these newcomers to go into battle against you.  Their survivor's engagement levels will be low and their cynicism high.  Your team, on the other hand,  will be fired up and appreciative.  So, if you can afford to keep the team in place, this will be a powerful launching pad for you in the post Covid-19 universe.  Presuming any of us actually ever get to those sunny uplands.

(The transcript of today's important program appears just below and you may want to check out next week's Part 2.) Real Science Radio host Bob Enyart takes lessons from the founder of the discipline of praxeology, as it's been called by Ludwig von Mises, the past leader of the Austrian School of Economics. Taking brilliant insights from von Mises, and working them within the context of a biblical Christian worldview, gives stunning insights into why, just now and unlike ever before, the world has shut down to fight a pandemic. Good for the mind. Great for the soul.   Today's Resource: God's Principles of Government. Join Bob Enyart as he explores God's Principles of Government. From Against Democracy where we look at the biblical principles related to the idea of majority rule, to a Representative Republic and its similarities with democracy, to a real Alternative to Democracy, to what a Bible-based Constitution actually looks like, after this series, the Scriptures' principles of governance will permeate your thinking like never before! Or your money back. (Really.) * Transcript of Today's Program:  As a public service for the COVID-19 pandemic and brought to you by the Crawford family of radio stations, welcoming new RSR listeners in Portland and San Francisco, today we'll present an overview of the coronavirus pandemic. How we got here, where we are at, and what this global experience portends for the future. And we'll rebut a few conspiracy theories and hopefully mitigate some misplaced anger. Real Science Radio has long run as a weekly Bible-based science program out of Denver and during the pandemic its been made available to various Crawford Broadcasting stations. Today, we include the soft science of praxeology, as Ludwig von Mises called it. Von Mises was the recognized leader of what is called the Austrian School, or the more conservative school, of Economics. For RSR to understand what a virus is and how it spreads requires interviewing scientists, like we've done in this series. Audience favorite molecular biologist Kevin Anderson, and world renowned scientists like biochemist Michael Behe and synthetic chemist James Tour and his nanoprobe device, remember that from last week, like a guided missile, seeks out pathogens, attaches and drills into them at three million RPMs, three million revolutions per minute, to destroy them! Yes, many brilliant scientists including those among the most successful in the world, like Dr. James Tour, reject secular origins and trust in Jesus Christ as savior and in the Scriptures as God's Word. But if you want to understand how the world, including our own government, got to this point of near-global extended quarantine, vast economic shut down, and millions of jobs lost, and likely, tens of thousands of failed businesses with employers who will no longer and never again provide jobs for others, these questions fall into the domain, not only of economics, but into the larger realm, of what Von Mises called praxeology, for the study of Human Action. Hence, Mises' masterpiece, which I highly recommend though it was quite a slog to get through it, at a thousand pages, his magnum opus, titled, Human Action. The mass shut down as an early response to a growing worldwide outbreak was bound to happen, eventually. Like a Calvinist who gets a broken leg and, by his theology, believed that this was decreed from eternity past, breaks his leg and says, "Boy, I'm glad that's over with", right, believing that it was unavoidable. Well, about this COVID pandemic, I'm not making any kind of theological argument; not at all. I'm making a praxeological argument, that eventually in human history, a shutdown like this was unavoidably coming, and now that it's here, we can say, once we emerge from it: Glad that's over with. I'll explain why such a shut down was inevitable; and for whatever reasons this started, as we've said on air for, what, two months now, the cure may be worse than the disease. Because, even with the relatively high death toll, we'll lose what, about the same number of people we lost in the Vietnam War, albeit mostly the elderly and those also dying from underlying conditions. Regardless though, and with the world losing a quarter of a million people, eventually, or more, during this, what could be possibly just the first wave of SARS-CoV-2, this coronavirus, the number of people who die from the economic shutdown could potentially dwarf the number of people killed by the disease. Now if that happens, of course that is devastating, but like we'll discuss, a global pandemic-based shutdown has been coming at us for a while and the larger questions, even than whether the cure kills more people than the disease, is What are the principles of morality, justice, and authority, by which governments should make decisions and take actions. Also, from some of the crisis within the crisis, we'll see that we can blame ABC's Shark Tank, including Mark Cuban, Kevin O'Leary Mr. Wonderful, and Daymond John, and the rest, for their vastly overstated claim that an entrepreneur is a fool if, regardless of his reasons, if he does not outsource his production jobs, and move manufacturing overseas. So there's a lot on our plate. As far as economics being a subdiscipline within praxeology, or the study of all human action, which overlaps of course with the field of psychology, we've all heard the observation that movement in the stock market follows greed and fear, and of course, therefore, understanding the financial pages often puts you smack-dab in the middle of psychology. Buy low and sell high. As Warren Buffet said decades ago if you want to make money off the Dow, you need to be fearful when everyone else is greedy and greedy when everyone else is fearful. Back on March 16th, a month ago, the title of our broadcast was, Buy. Buy. Buy. If You Can Buy Stock, Buy! Our live show broadcasts on the most powerful Christian radio station in America, Crawford's AM 670 KLTT out of Denver, and it happens to air at Easter Time, 5 p.m. By then the market is closed, and we always consider those listening via streaming around the country regarding our live program. So that day and over the next five trading days, the market was at its lowest point since the coronavirus hit; the Dow Jones Industrial Average of 30 large U.S. businesses, had been hovering for two months mostly over 29,000 and flirting with 30,000, and then it dropped precipitously to, what, around 20,000, and even below, so almost a 30% pandemic-related drop. We just heard from one of our listeners in Alaska. He said that in listening to the program for decades, he had never heard us give a buy or sell recommendation; we don't do that. And up there in Fairbanks, he had been out of the market. So he transferred a lot of money in, and by the time he bought, within a few days of that program, he couldn't have timed it better and he's ecstatic. So, as praxeologists, the study of human behavior, we Bible-based Christians should be the best around, because you understand an automobile better when you understand how it was made. And you understand people better when you understand how we were made, and if you notice who is following the manufacturers recommended maintenance plan, and who is ignoring it. After all, this very program is brought to you by God, maker of heaven and earth and other fine products! So, I said that this government-imposed shutdown has been coming at us for sometime. Why is that? As we discuss in our Principles of Governance seminars and broadcasts, which are indexed in our archives, when you are trying to understand government behavior, and even, the principles by which governments should operate, use the analogy of a family. Afterall, the dispensation of human government, as many theologians call it, began when God instituted the death penalty, in contrast to what He did before the flood, the global flood, when He prohibited the death penalty. And yet, just as He changed the rules about eating animals, for likewise very deliberate and important reasons, He changed, 180 degrees reversal, His prohibition against execution to mandating it, in Genesis 9, for every convicted murderer. Now this command was given to Noah, as the head of his household, and that established the authority for human government, first through patriarchies, then tribes, then villages, to city states, and their daughter villages, their suburbs, to nations, and finally, even to empires. To simplify the rules of governance, including foreign policy, you can do what Von Mises so often recommended, and use a thought experiment. Consider a group of families that suddenly find themselves living in a frontier where there is no established governmental authority. You can confidently figure out, especially if you have a reasonable biblical understanding, both the way families should behave in such a circumstance, within their own homes, and toward one another, and you can figure out how they are likely to behave, within their own homes, and as they interact with one another. And this will give you tremendous insight into how governments should function, and how they are likely to function. So, the proper extent and the just functions of government authority; how nations should interact with one another and how they will likely interact. So this shutdown approach to a flu-like pandemic has never happened before [that is, the extent of the shutdown, throughout most of the economy, and the nation, and much of the world]. But its been a longtime coming because of the world's growing prosperity. Wealthy nations do things, and face problems, the scope of which mankind has never faced before. Here's a minor example. Wealthy nations are fat nations. Obesity was mostly an American problem at first, at a global level. Not because we were less disciplined, but because tens of millions of us could afford, including many who didn't even have a job, we bought all the junk food, ice cream, and candy we could shove in our face. Then as the rest of the world caught up, guess what happened? They got fat too. Turns out the media was wrong. It wasn't because Americans cared less about our health. It wasn't that Europeans were more health conscious; they're just far less wealthy than we are. The same problem with male delayed adolescence with millions of young men spending a decade or more caring mostly about playing video games, and watching pornography in their parents' basement, and not getting married until their 30s. Prosperity, obsessively violent adrenaline-pumping games, decriminalized sexual entertainment, and now add to all that increasingly decriminalized marijuana, and it's all-but destroying a generation. And many of these problems, including the wondrous yet pernicious problem of widespread wealth, has never before been dealt with on such a vast demographic scale. With a lousy job you can make more than enough money to watch porn, play video games, get high, and eat junk food, until you're 28 years old, and beyond. Bty the way, today is April 20th, that's 4/20, when a few million potheads go out of their way to make sure that they're high today. So please, urge those you know to not smoke pot, and Google: Negative effects of marijuana, or just go to our website, rsr.org/pot where we've worked with some of the world's leading experts on the terrible mental health, physical and moral health problems associated with cannabis. But back to the wealth crisis, and this is all to understand why, and why now, governments have shut down our economies to fight the coronavirus. Vast national wealth also brings with it predictable challenges. Those who say that the masses are not wealthy, relatively speaking, don't remember the past. What would a well-off family do if they thought that a growing epidemic had a good chance of killing one of their kids? I've asked that exact question to a dozen successful parents over the last two months. They've told me what we all know they would say. That they would go to any length they could, if they really thought that there was a good chance that one of their kids might pick up an infection that had a likely chance of killing them. For example, some folks said things like, we'd move to Tonga, you know in the South Pacific, for the duration of the pestilence. We'd hunker down and not leave the house until the plague had passed. We'd send our kids to live with their grandparents in Siberia. Literally. In other words, if you can afford it, you would go to extraordinary lengths, even if you couldn't really afford it, and it might bankrupt you, you would do above and beyond anything you had previously imagined, if you thought one of your kids might die, and you had some chance of saving them. Poorer families, on the other hand, can't even think in such terms. Compare what Bill Gates would do to protect his family, wife Melinda, and his kids, his son Rory, and daughters Jennifer and Phoebe? Yes, he's a pro-abortion, moral monster. He did help much of the world out of poverty, and for that, he deserves his wealth, however he's an all-but-declared enemy of biblical morality. In the 1980s I worked for him in Redmond Washington. He once flamed me, as we'd say back then, with an angry email of two screens worth of text, from Bill Gates; I didn't even read the whole thing. I was busy. And as I've too often mentioned, I had dinner at his home back when he was still a bachelor, before he had even bought much furniture. There wasn't even a table and chairs for us to eat at. It was funny. Anyway, if he had to, he'd buy the whole Hawaiian island of Lanai, which in fact he [temporarily shut down] about a decade after I worked for him, for his wedding. He'd spend billions to buy an entire island if he though it would protect his kids. What would a typical family, say, in Kenya do? If there's a plague coming across Africa and it's headed right for their family. What would a typical family in Kenya do? The answer is, they'd wait for it. There's virtually nothing that they could do. Or that they would think they could do. Epidemiologists for decades have been telling governments and the public how to slow down or even stop the spread of an infectious disease. Until now though, nations didn't have the wealth, or at least, they didn't think they had the wealth, to follow their advice. Go back a century to the Spanish flu, 1918, a quarter of the world's population was infected, about 500 million people, and estimates vary of the death toll, but all recognize it as one of the deadliest events pandemics in history. So let's take the smallest estimate, of about one percent of the world population, so that if you were alive then, if you personally knew 200 people, two of them would be killed by the plague. Careful estimates range up to 5% of the world's population, or one out of every 20 people, dying. So go back a hundred years, go back, to let's say, London, in 1850. What if they had a plague like that. When ]you think of their current deaths in the United Kingdom, they're approaching what, 17,000 deaths. Well London back, 150 years ago, they had a population of what, two and a half million people. If they tried to quarantine, lock down the city, let alone the whole country, for six weeks, two months, three months. Within the first six weeks, half the population of London would be dead. You'd have a million people starve to death. If it were in winter they'd freeze to death. So it is prosperity that has enabled governments to think, at some point, it's been coming for a long time at some point, that they could implement what epidemiologists were telling them for decades now, that they could do to stop people from dying. Now these scientists, they are important and they have valid insights, but they're not inerrant, and they're not praxeologists, right, they're not economists, and so they're not good at estimating how many people will be killed by their cure, for the opposite of an increased standard living, what we call economic decline, that kills people. Instead of living, and living better, they live worse, and they die. And that happens both when wealth increases, especially rapidly, and when, including rapidly, it decreases. Remember that China's scientists, twice, earlier this century, unintentionally allowed the SARS virus to escape from the Chinese Institute of Virology. Now that's not in Wuhan, but in Beijing. But they did a pretty good job, compared to what they did with this coronavirus, of slowing and stopping the spread. It's like the sailor who gets a commendation for securing a loose canon, and then has to walk the plank, because he's the one who let it get loose in the first place. About 800 people did end up dying, but China began by quarantining all 200 staffers from the lab, for weeks in a nearby hotel which they locked down; and they took other measures. Most of the dead were in mainland China, Taiwan, Hong Kong, and a few dozen in Singapore and even Canada. So, epidemiologists, some of whom are both helpful, and guilty, do have some valid ideas of how to slow down, or possibly even stop, the spread of a disease. You can expect a wealthy nation to behave like a wealthy family, including in a crisis. Add to that, our governing leaders who have virtually no knowledge, or concern, for what God says about the just function of government. And you can be sure that leaders will not know where the proper boundaries of their authority lie. And you can also be sure that those who are angry at their government, including some in this audience right now, whether they hate the government or are just angry at it, many of them will themselves, have very little knowledge of what God says about how governments should function, or know how to apply valid principles of governance during a pandemic. If we replaced any number of our leaders, with, say, the same number of our Christian leaders, do you think the final death toll would be lower than it will be under the current regime? Or, how about this. Do you think that fewer people would be angry at their decisions, than are currently angered? One rule we have here at Real Science Radio is, don't get angry at people for doing things that we ourselves couldn't do any better. Some governing leaders hate their own people. In addition to abortion, by which they have dismembered and otherwise killed millions of their own youngest boys and girls, in addition to that, some have slaughtered millions of their own, I could put it the way Antonin Scalia put it.  They have slaughtered millions of their own walking-around-people. Now he put it that thoughtlessly. A few years back I had the honor of giving a presentation, it's now on YouTube, against theistic evolution, on the beautiful campus in Malibu, of Pepperdine University. And there, former justice Antonin Scalia said, and Christians think that he was pro-life, he said that if Congress passed a law banning abortion, he would strike it down. Why? Because he'd rather people fight over killing the unborn at the local level. Now that's absurd. Anyway, not all leaders hate their own people, or at least, say, their walking-around people. Another Austrian conservative author, Erik von Kuehnelt-Leddihn wrote in his brilliant work, Leftism Revisited. that some leaders actually think of their citizens the same way that a father thinks of his children. By the way, his is another great book, and at a mere 500 pages, it's still quite the slog; boy, these Austrians really know how to write! If you want to watch your nation go broke faster, see what happens when millionaires end up in charge. The Clintons went from donating Bill's underwear, literally, it's on their old tax returns, and taking a deduction for each pair, they went from that, to controlling a two-billion dollar foundation. For like the Bible says about Judas, explicitly, the Bible says that Judas didn't actually care about the poor, but he said he did because he would take money designated for the poor, he'd take the money for himself. That's a perfect summary of socialist politicians. It's something, that very thing in fact, is in the headlines, describing Pope Francis in the Vatican, right now! Taking the money from all over the world, that Catholics put in their poor boxes. I was raised Catholic, I was an altar boy for a couple years. And in the back of every church in the vestibule there's a little box and it says, For the poor. Poor people put their money in it for other poor people. It turns out that the Pope has been spending that very money on his own budget. Wow. So wealthy politicians and those who become wealthy in office, they're especially inclined to have a socialist  mindset. Like right now, giving a thousand dollar check to everybody, to a hundred million of us, whether you need it or not. And "printing" money, put printing in quotes, printing trillions of dollars, so we can spread that around also, in a socialist hope of reducing the lethality of the quarantine cure. We don't need a conspiracy to figure out how this started. Mental illness is widespread, including among Christians, with paranoia, the susceptibility to conspiracy theory, being one of the easiest symptoms to diagnose your health issue. Now, regarding the crisis within the crisis, China produces much of our most vital pharmaceuticals, medicines, emergency medical supplies, and even much of the equipment, not to mention so much of everything else. And while I've always loved Shark Tank, I've also been critical of them for a couple reasons. One is that routinely they will skewer an entrepreneur who wants to manufacture in America. To them, a hundred times over, it mattered nothing that they could be weakening America, or taking away jobs that American business owners wanted to give to their neighbors. And so that mindset, profit is great; and greed will blind you to bigger issues, including matters of national security and economic health. Don't get me wrong. The cheaper provider, doing the same job, is almost always the wisest choice, except that, manufacturing your widget, often, is not the entire consideration, and they've always presented it as though it were. I've always openly and aggressively hated the Chinese communist government. Our church has even gone to protest their communist leader a decade ago when he came to Colorado Springs. And I've hated the idea that instead of always condemning them and pushing for the liberation of their 1.4 billion people that Donald Trump was always talking about getting a better "deal" from the Chinese, that is, from their slave labor. And I've always said the opposite whenever Trump would praise their president. So I don't think I'm inclined to err on their behalf. But they did not intentionally infect the world. They're nothing if not deliberate, long-term players. This was a combination of hubris and incompetence. Yes, they shut down Wuhan flights within China, in fact, they shut down the whole Hubei province from travel to the rest of the country. Let's dig in and add some accuracy to this story that's overlooked by the enraged right. And our goal is to think through the conspiracy theory now widely circulating especially among Christians, that China had some kind of plan to infect the world. So, when did they shut down Hubei, including Wuhan air travel within China? Let's see my notes here. That was January 23rd. Now the whole province has about half a dozen airports, and only one international, the Wuhan International Airport. So they were all closed to fights outside of Hubei province. And by the way, the Wuhan airport stayed closed for about ten weeks, until April 8th. So January 23rd till April 8th. In mid January, quite a bit was already going on, publicly, worldwide even, before they closed down those flights. On January 11th, China made their first nationwide announcement of the illness, which means of course that's when it became widely known about, around the world. Its state media reported the illness in Wuhan. Then, and this is easier to recall for Americans, ten days later, on January 21st, we had our first [publicly known] case here. It was, as you'll recall, in the state of Washington. The world was on the lookout for this virus. By then it had just shown up in Japan, South Korea and Thailand. Then two days later, on that January 23rd date, China closed off Wuhan by canceling planes and trains leaving the city. They suspended all public transportation in the city and apparently, throughout the province, buses, subways and even ferries were closed down. By this point, it was known publicly that at least 17 people had died and about 600 were infected, including then also in Taiwan. Then, and this is where the conspiracy theorists get energized, apparently, based on public reports we have of a February 4th announcement, China's Civil Aviation Administration ordered local airlines to keep operating international flights to countries that HAD NOT imposed restrictions on inbound travel to China. So that's been reported including by Reuters news agency, that's an extremely biased leftist source, but one that nonetheless, frequently does report the basic dates and facts correctly. People are angry, including people who have lost jobs, and businesses even, and see no way of financially recovering. They don't need us to pile on and give them a boogeymen to be enraged at. China has plenty of guilt for what we know that they've done to cover up the crisis, mistreat, and even disappear their own doctors, journalists, and experts. So why would China continue flights to the rest of the world, according to conspiracy theorists, and then according to a rational assessment. Well the conspiracy claims that they had an intentional plan to infect the world to give them an economic advantage. That seems absurd on its face. We'll talk about why. The claim continues like this. If the rest of the world is reeling from a pandemic, then China will have an economic advantage because they won't be reeling, except they were infected themselves, for starters, and they've lied about their numbers, which have apparently been much greater than they've publicized. On its face that theory seems absurd and will be believed by people who are inclined to paranoia and looking for an outlet for their fear and their anger, someone to blame, and especially because they think that this extreme accusation against China somehow helps their own favorite politician. Okay then, what's the rational assessment? First, it completely discounts the conspiracy claim, because China, again, is nothing if not a deliberate, long-term player. To gain some kind of supposed short-term economic advantage, they would be sacrificing decades of prosperity, when they've had a hundred million people just barely climbing out of poverty. They'd have to give all that up, and go backwards. For clearly, intentionally spreading a disease to the rest of the world is not something that could be hidden, especially after the Wuhan outbreak had become known worldwide. They would enrage more than a hundred countries, and infect and devastate even their allies, like Iran. They would become a global pariah, which they have become anyway, apart from the conspiracy theories. This was not a biological weapon engineered in a lab. The scientific evidence strongly refutes that claim. And this was not intentionally spread to the world, so they could take some kind of economic advantage. The world would be highly motivated to reduce, some countries cut off, all trade with China. And that trade is exactly what has been bringing them out of 70 years of communism-induced poverty. It is that trade that has built up their military. It is that trade that has enabled them to create the technology to control almost a billion and a half people. And they know that. Trade has been vital for their already struggling economy. For them to hatch this scheme would mean that they were willing to sacrifice decades of increasing prosperity, for, what? For nothing. Because their trade would collapse. Instead, it was what we see in tyrants generally. It was hubris, and incompetence. By the uncontrolled arrogance of the left, especially of communist tyrants, but even of the Nancy Pelosis and Hillary Clintons of the world. They put themselves up on pedestals, as though there were gods. And when you look at their policies, they do seem to think that they are gods, passing legislation that appear to, attempt to defy the very laws of nature itself, and certainly, that would defy human nature. So a communist leader thinks that what he says is law. And that even nature itself will obey him. So they lie about an outbreak as it inexorably explodes to where the whole world knows that they lied. And then in their incompetence and hubris, they hoard medical supplies for themselves violating even their own manufacturing commitments to the world. And they shut down travel within China. But again, in hubris, think, well if countries are still flying here, we're not going to shut down flights back to those countries. That's their decision. [Of course, based even just on the number of planes available in any fleet or nation, no airline or country, including China, could sustain continuing to send flights out of their country unless those same planes were first flying into their country. So the countries that planes were flying into, out of China, were the same countries that continued of their own volition, and with some recklessness, to fly planes into China.] Those countries, they know that there's an outbreak here, and if they're so stupid to fly here, then fine. Whatever business and help they bring along, on those flights, we could use it. And their problems, are their problems. So, we're out of time. We'll finish this on our next RSR COVID show. And until then, to forward this Crawford-sponsored public service program to a friend, just go online to rsr.org. That's r-s-r dot o-r-g. This is Bob Enyart for my co-host Fred Williams and Real Science Radio, may God bless you

Did you know that as investors and even as entrepreneurs or businesspeople we can sometimes be our own worst enemy? It's not because of the decisions we make, the opportunities we consider or the investments we miss out on, but rather, it's due to the way we think. It's because of our Cognitive Biases. You see, most of think we're rational people. But we're not. There is no shortage of cognitive biases out there that can trip up our brains. Cognitive biases are patterns of thinking that don't rely on logic.  And if you don't check your reasoning, they can lead to judgements and decisions that negatively impact your business. You can't eliminate them all, but you can become more aware of how they function and ways to counteract them. And that's what I'm going to discuss today with Pete Wargent Types of Cognitive Bias Confirmation bias People tend to search for information that confirms their view of the world and ignore what doesn't fit.   In an uncertain world, we love to be right because it helps us make sense of things. We do this automatically, usually without realizing; partly because it's easier to see where new pieces fit into the picture puzzle we are working on, rather than imagining a new picture. Confirmation bias also prevents us from looking objectively at an investment we've already made. One way to counter confirmation bias is to read things you're going to disagree with. In other words, read all you can from reputable sources, whether it's confirming your original view or not. Another is to look for reasons your strategies could be wrong, rather than right. Anchoring bias We have a tendency to use anchors or reference points to make decisions and evaluations, and sometimes these lead us astray.  Anchoring explains why you'll pay $6 for an hour of parking after seeing $10 at a car park down the street. Whether we like it or not, our minds keep referring back to that initial number. It's important for you to evaluate any property deal based on its own fundamentals and all the information you have available from your research and due diligence at the time. Awareness bias How are your investments performing – are you happy with the results you're getting? There's a chance that even if they're not doing so well, you may not even recognize it. In fact, it's been shown the poorest performers in all arenas of life are the least aware of their own incompetence. Lacking the capacity to realize how badly a task is performing is known as the Dunning-Kruger effect. If you're the smartest person on your team you're in trouble. It's best to work with mentors and professional advisors. Positivity bias Many people view residential real estate positively, considering it an asset class through which they can grow their wealth – and they continue to do view it in this light, even if their investments fail to prosper. In the face of lack of capital growth, prolonged vacancies or inflated expenses, they still continue to believe that their investment will turn the corner “one day.” The problem with this is that when all signs point to a dud investment, it likely is one – but positivity bias can stand in the way of an investor taking action to rectify the situation. Overconfidence is a real risk for property investors – one of the best things an investor can do is admit what they don't know and get a good team of professionals around them. Negativity bias Just as some investors can be overly positive this is the tendency to put more emphasis on negative experiences rather than positive ones. property information People with this bias feel that ‘bad is stronger than good' and will perceive threats more than opportunities in a given situation. Psychologists argue it's an evolutionary adaptation – it's better to mistake a rock for a bear than a bear for a rock. Fact is: there will always be property pessimists around telling us why not to invest and reminding you of all the things that can go wrong and the reality of real estate is that it is a cyclical investment class. However, you can minimize your risks and maximize your upside if you educate yourself and become financial fluent, follow a proven strategy and get a good team around you. Status quo bias This describes our tendency to stick with what we know whether or not it's the best course of action. It could be as simple as buying the same name-brand groceries that you always have or as complex as holding on to that underperforming property. People do this partly because they want to avoid costs, even when it's apparent that those costs will be offset by a larger gain, being the long-term growth of a better performing property. Psychologists have shown that most of us disproportionately stick with the status quo because “doing nothing is within the power of all men” as we often weigh the potential losses from switching from the status quo more heavily than the potential gains. That's why all the successful investors, businesspeople and entrepreneurs I know have mentors coaches and mastermind groups to help them see their blind spots and to encourage them to keep moving forward. Survivorship Bias The misconception here is that you should focus on the successful if you wish to become successful, while the truth is that when failure becomes invisible, the difference between failure and success may also become invisible. You see…if all you're looking at are other people's successes, you could be missing the most important lessons for getting ahead from those who got it wrong. If you spend your life only learning from “survivors”, buying books about successful people and reading property investment success stories, your knowledge of the world will be strongly biased and enormously incomplete. The trick when looking for advice is to not only learn what to do, but also look for what not to do. Bandwagon bias This is the psychological phenomenon whereby people do something primarily because other people are doing it.  This tendency of people to align their beliefs and behaviors with those of a group is also called “herd mentality.” Herding is the phenomenon by which animals and humans herd or stick together as a mechanism to enhance our safety. The bandwagon effect has wide implications but is commonly seen during strong property markets where the media stirs up a frenzy and it's one of the factors that leads to asset bubbles. It pays to remember that just because everyone else is doing it, that doesn't mean you should follow the crowds. In fact, smart investors tend to invest counter cyclically. I've found “the herd is usually wrong” or if not they're late. Unfortunately, excellence is the exception rather than the rule and that's why I believe you should aspire to be unique and not part of the herd. As Warren Buffet said: “Be fearful when others are greedy and be greedy when others are fearful.” Restraint bias Following on from bandwagon bias, restraint bias is the tendency for people to overestimate their ability to control impulsive behavior. Will you have that extra chocolate when you're watching your weight? business data success Will you spend that extra hour on the Internet when you have more important things to do? But, when the time arrives, panic kicks in… and they react just like so many others and sell up, often near the bottom – just before the cycle turns. As a property investor you should consider getting the independent property strategists at Metropole to not only help you formulate a property strategy that is proven and has stood the test of time, but also to help you annually review your property portfolio objectively. Bias bias Failing to recognize your cognitive biases is a bias in itself. Arguably this is the most damaging bias, because having blind spots means you're less likely to recognize any of these psychological influences in yourself. When you think you're more objective than you really are, you may be at risk of having bias bias. Investor takeaway The reality is that everyone comes into investing with their own predispositions and we are all prone to errors in judgment. The sooner you realize and acknowledge these tendencies in yourself, the more open you will be to improving and making better investment decisions. Simply becoming aware of these biases means half your battle against your own worst enemy – yourself – is won. The bottom line: We all want to think they we are rational, and biases are things that afflict other people. However, our brains are designed with blind spots and one of their clever tricks is to confer on us the comforting delusion that we, personally, do not have any biases. This is why so many of us are not only bad with money but make the same mistakes over and over again. We're blind to our blindness. Links and Resources:  Michael Yardney Metropole Property Strategists Pete Wargent  Next Level Wealth  Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us  Join us at Wealth Retreat 2020 in October  –find out more here Pete Wargent's new book Low Rates High Returns Show notes plus more here: https://propertyupdate.com.au/podcast-believe-it-or-not-this-is-probably-whats-standing-between-you-and-investment-success-with-pete-wargent/  Some of our favourite quotes from the show: “You actually don't treat real estate investing as you do stock market investing. It's very very different.” –Michael Yardney “You do need cash flow coming in from other areas so it's a balance.” –Michael Yardney “I've often said that there's no such thing as a rich victim.” –Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how

There are a lot of scary headlines at the moment.  All of the anxiety in the air can even make an optimistic person a little nervous. In today's episode, I want to bring some perspective to the frightening headlines by explaining some of my thoughts on the current situation. Then, I'll be talking to Dr. Andrew Wilson, who's also been around for a while and has seen and experienced things like this before.  By the end of the episode, I hope you'll be a little less scared, and also have some facts to work with.  Remember, most of the things we worry about actually never happen.  Seven reasons why I'm confident in our property markets despite the coronavirus scare What's ahead for our property markets in light of the coronavirus issues? Are they going to crash like the stock market has? Is Australia going to fall into recession? That's a question on the mind of many investors in light of the economic woes around the world and the uncertainty surrounding the coronavirus. Now I'm not downplaying the potential medical issues related to the coronavirus. In fact, I've looked up the definition of a "pandemic" and this definitely is a "pandemic" even though our health authorities are not prepared to call it one. Clearly many Australians will come in contact with the virus over the next couple of months, some people will suffer cold and flu-like symptoms while other more frail members of the community will succumb to the germ. And that is tragic. At the same time, many businesses will suffer, particularly those in hospitality, tourism, education and those whose supply chain from South East Asia will be affected. But based on my perspective having been involved in property for over 47 years, while this issue will have an effect on our economy and a short-term impact on our property markets because consumers will become less confident and sit on the sidelines waiting for things to become clear, I believe that a year from now, and in particular five years from now. and most certainly in 10 years from now, this pandemic will have had no influence on where the Australian property market will end up and the value of your and my home at that time. But this is the first global crisis we're experiencing in the social media age and we've learned that: Information spreads fast and False or sensational information spreads faster. So, remember these wise words... As Warren Buffet said: "Be fearful when others are greedy and be greedy when others are fearful." Homebuyers and long-term investors who have a secure job and income and pre-approved finance should take advantage of any short term downturn in our property markets to set themselves up for the next phase of the property cycle. As I said, I'm comfortable with the underlying fundamentals supporting our property markets int the medium to long term. Let's look at a couple of them… Population growth Australia's population is growing by around 360,000 people per annum, meaning we need to build around 170 to 180,000 new dwellings each year to accommodate all the new households. Declining housing supply The oversupply of dwellings in many Australian locations is now dwindling and there are very few new large projects on the drawing board. Considering how long it takes to build new estates or large apartment complexes, we're going to experience an undersupply of well-located properties in our capital cities in the next year or two. Interest rates are low and will go down further The prevailing low-interest-rate environment is making it easier to own a home, either as an owner-occupier or investor. Smaller households are becoming the norm Pretty soon Millennials will make up one-third of the property market and their households tend, in general, to be smaller as are the households of the booming 65+ year old demographic. More one and two people households mean that moving forward, we will need more dwellings for the same number of people. More renters Soon 40% of our population will be renters, partly because of affordability issues but also because of lifestyle choices. First home buyers are back First home buyers are back with a vengeance, in part thanks to the government's new scheme to encourage them, but also because of cheap finance and rising property values. As opposed to established homebuyers who have a “trade-in” that is increasing in value, if first home buyers wait to get into the market they're finding the market moving faster than they can save, so they're hopping on board the property train as quickly as they can. The underlying fundamentals are strong Sure our economy is facing challenges, and the share market is volatile, but our property markets are underpinned by the fact that 70% of property owners are homeowners who are there for the long term. They're not going to sell up their homes - they'd rather eat dog food than give up their homes. And Australia's banking system is strong, stable and sound. Property Insiders With Dr. Andrew Wilson In the short term, the virus might affect the property market, but in the long term, it most likely won't affect the value of property in Australia. Some history:  In the past 40 years in the share market, there have been 12 corrections of 10% or more. There have been 8 corrections of 20% or more.  We've had 5 recessions.  But property over the last 40 years has been much more resilient and stable.  That's because property is based on the provision of a good we all need – shelter Yes, business confidence and consumer confidence may be down for the next little while. If we can get a sustained recovery in the share market, that will be the first step to recovering confidence. There will be a decrease in travel and tourism, but that will probably be offset to some extent by government action. We still need to look at the fundamentals.  There is plenty of upside in recovery. Housing prices are still below where they were three years ago in Sydney and Melbourne. We still have the lowest interest rates on record and there's probably another cut coming as part of the government's stimulus package. This will only make property more affordable.  Plus, there's still a surge in first home buyers.  There are still a lot of positives for the housing market, and there's reason to be hopeful that this current situation won't be a significant issue within months.  The bottom line: The wise King Solomon had an inscription inside his ring that said, “This too shall pass.” This was so that he would not become too confident during the good times or too despondent during the bad times. The coronavirus outbreak has spooked markets across the world and there is no doubt that it will have a significant global economic impact. However, like all the other worldwide epidemics we've experienced this too shall pass. At his inaugural address in 1930, Franklin D Roosevelt said: "There is nothing to fear but fear itself."  Wise words indeed. Links and Resources:  Michael Yardney Metropole Property Strategists Dr. Andrew Wilson, chief economist of MyHousingMarket.com.au  Join us at Wealth Retreat 2020 on the Gold Coast    Click here for details Show notes plus more here: Coronavirus – property disaster or buying opportunity? | PROPERTY INSIDERS with Dr. Andrew Wilson Some of our favourite quotes from the show: “I don't make 30-year investment decisions – and that's what your investment should be long term – based on the last 30 minutes of news or so.” – Michael Yardney “Just because we do have a recession in technical terms, doesn't mean that people are going to lose their houses.” – Michael Yardney “You'll never regret taking a vacation, engaging in a new hobby, or spending a day with those who make you happy.” – Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how

What happened in the markets this week? The markets reacted strongly to the Coronavirus outbreak. Tune in for our take on what is going on and what is not going on in the markets. It’s an important time to have a guide and a steady hand in this volatile market. As Warren Buffet says “be fearful […]

As we enter a new year and the beginning of a new property cycle, there are still many mixed messages in the media leaving many investors and potential homebuyers confused.  Hopefully, by the end of today's show, you'll be a little less confused because I'm going to ask Dr. Andrew Wilson, Australia's leading housing economist, some of the questions you're probably thinking about.  But before that, we're going to discuss some lessons that we've learned in 2019 that will make you a better property investor in 2020.  I also have a mindset moment to share about things I would have liked to know earlier. 4 Property lessons As we enter a new year and in fact a new property cycle it's interesting to look back at 2019 and see what lessons we can take out of 2019 to make 2020 a better year in property.  Let's take a look at 4 property takeaways from 2019:  Be careful whose forecasts you listen to. What happened to all those predictions of 40% house price falls for the Australian property markets?  Lower interest rates, a miracle election result and looser lending criteria saw the property markets in our 2 biggest capital cities surge in the second half of 2019  Property investing is a game of finance - with some houses thrown in the middle.  This became clear as APRA tightened the lending screws on property investors from 2014 through till 2018 causing the biggest decline in our property markets in modern history.  Then when the banks' lending criteria became more relaxed and interest rates fell in 2019 our housing markets rebounded strongly.  There is not one “Australian property market”.  While the fundamentals of strong population growth and the wealth of our nation will underpin the Australian property markets, there is not one “Australian property market.”  Each state is at its own stage of its individual property cycle and within each state there are many markets segmented by geographic location, dwelling type and price point.  Expect the Unexpected. Every year an unexpected X factor comes out of the blue to undo the best laid plans – some on the upside (like the miracle election result in mid-2019) and sometimes on the downside. Sometimes these are local issues and at other times they come from overseas. However, over the long term our housing markets are driven by the fundamentals so don't make 30-year property investment or home buying decisions based on the last 30 minutes of news.  Bonus Lesson: The property market is not a get rich quick scheme, however those who own well located properties will benefit from the long-term growth of their properties. As Warren Buffet wisely said: “Wealth is the transfer of money from the impatient to the patient.” An expert answers your property questions  While our property markets are entering a new property cycle, currently there are lots of mixed messages in the media – some positive and many negative. This has led to many listeners to our podcasts leaving questions and asking for clarification. So, in my chat with Dr. Andrew Wilson today I'm going to ask him to answer these questions which, if you're interested in property, are likely to be on your mind also. Is Australia going to fall into recession in 2020? During 2019 the RBA realised that the Australian economy wasn't as rosy as it had hoped.  The labour market deteriorated, unemployment rose, incomes growth languished, inflation failed to increase, and our GDP slowed down despite 3 interest rate cuts. It was really only mining sector and government spending that kept our economies head above water. But as the year finished off, the latest labour market data at the end of the year showed a slight fall in unemployment and jobs growth albeit mainly part time jobs. But there are now signed of an improving global economy, particularly driven by the strong US economy. All this makes an Australian recession in 2020 very unlikely.  What is likely to happen to interest rates in 2020? While rates are likely to be cut again twice again in 2020, it is now more likely that the RBA will hold off cutting interest rates in February as many commentators are predicting. Their decision will depend on the end of year economic data that will be published in February and March.  Will the strength in the Australian property markets continue in 2020? The auction markets finished 2019 strongly indicating plenty of home buyer and seller confidence.  Other factors that will underpin strong property markets especially in Sydney and Melbourne include: The First Home Buyer Scheme that came into effect on January 1st The prospects of further interest rate cuts during the year Fear of Missing Out – as the markets rise strongly The missing link at present is investor activity. Investors are keen to get into the market, but many are having trouble getting finance due to restrictive bank lending practices.  What will be the major influencers of our property markets in 2020? Just as lack of confidence held back our property markets at the beginning of 2019, strong market confidence will be one of the main driving factors of our property markets in 2020. Particularly the Melbourne and Sydney property markets Other factors that will lead to continued property price growth include:  Pent up demand as property values in Melbourne and Sydney retrace their lost ground. These markets should reach new price peaks in the first half of 2020. Supply and demand – our population keeps increasing, but there is now very little new dwelling construction in the pipeline which will create a shortage of housing. Falling interest rates over the first half of the year A slowly improving Australian economy. The bottom line. The opportunity to take advantage of the beginning of a new property cycle only comes around a few times in your lifetime. Strategic property investors and smart home buyers will take advantage of the opportunities the property markets present in 2020. Links and Resources:  Michael Yardney Metropole Property Strategists Dr. Andrew Wilson, chief economist of MyHousingMarket.com.au  Join us at my annual Property Market and Economic Update – come as my guest using the Coupon Code: PODCAST  Click here for details Show notes plus more here: 4 property lessons from 2019 that will help you in 2020 + Your questions answered | PROPERTY INSIDERS with Dr. Andrew Wilson Some of our favourite quotes from the show:  “If you listened to all the Negative Nellies and the property pessimists, you would have missed out on some great opportunities 12 months ago.” – Michael Yardney “Mistakes teach you important lessons.” – Michael Yardney “The more you know, the more control you're going to have over your life.” – Michael Yardney PLEASE LEAVE US A REVIEW Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes - it's your way of passing the message forward to others and saying thank you to me. Here's how

As Warren Buffet said as well: Communication skills are really important or something similar at least … and indeed I am also having some problems with communicating my ideas and thought clearly so that others can understand them well. - This episode of the Self Development with Tactics / SDWT podcast is all about communicating everything a little bit more clear. - Amorelli, J. (2019). How to explain anything to anyone: 4 steps to clearer communication. [online] ideas.ted.com. Available at: https://ideas.ted.com/how-to-explain-anything-to-anyone-4-steps-to-clearer-communication/ [Accessed 28 Nov. 2019]. - I as always hope that you get a lot out of that! - Love you ➠Thank you for being with me! If you liked this episode of your daily self development kick please subscribe and like. Stay tuned for upcoming self development videos aaaaand comment down below or hit me up on the social media platform you like the most. Wish you the best, health wealth and happiness ❤️ Who I am? I am Christopher Walch a 18 year old graphic design student from austria, really interested in marketing self Development and having success in every aspect of life❤️However I am not only interested in having the best for me! I want you to be at your peak as well. Giving value to the people out here is what I want and what I am able to do here! Thank you. Self Development with Tactics/Christopher Walch on Instagram: https://www.instagram.com/walchchristopher Self Development with Tactics'/Christopher Walch's Podcast: https://www.anchor.fm/selfdevelopment_wt/ Self Development with Tactics/Christopher Walch on Twitter: https://twitter.com/SelfTactics Self Development with Tactics/Christopher Walch on Facebook: www.facebook.com/Selfdevelopment-With-Tactics Self Development with Tactics on Tumblr: https://www.tumblr.com/blog/we-selfdevelopment Self Development with Tactics/Christopher Walch on Youtube: https://www.youtube.com/channel/UC6ms9lq2XRrgdy0rOrMYVUQ Self Development With Tactics/Christopher Walch on Quora: https://www.quora.com/profile/Christopher-Walch-SDWT-Podcast LOVE YOU ALL!! ❤️

I believe that passive income is something that all people should learn how to accomplish. As Warren Buffet said, "If you don't find a way to make money while you sleep, you'll work the rest of your life." This is what taking control of your money and building passive income streams is all about. It's impossible to have the freedom of time if you are not making money while sleeping. How can you get started with passive income and create a source of cash flow for yourself? Whether you want to use the stock market or the real estate market (or another available strategy), the idea of passive income is not "in theory". When you have a proper strategy in place and follow a plan that works, as you'll see here, you can take a simple $100 and turn it into over $6,000 by doing nothing. I know that sounds too good to be true, but it's not and I'm going to show you how!

When you start doing less, you'll start making more. And that making "more" doesn't necessarily mean money. It could be more of an impact. It could be more freedom. It could be more clarity. In today's episode I share with you 3 different aspects of business in life that when you start doing less there, you'll start having more. As Warren Buffet says "The difference between successful people and really successful people is that really successful people say no to almost everything."

Watch full video here:https://www.youtube.com/watch?v=KbznvoJuTag Auto loan video: John Sneisen and Tim Picciott report on the next auto loan bubble and how there is more than auto loans that are at risk and in bubble territory. We talk about how there are seven million auto loans in 90+ day delinquency and how all of the $228.9B in Auto loans have been used to issue Asset-Backed Security derivatives. They talk about the similarities between the auto bubble and the real estate bubble in the US in 2008. The Eurozone is also involved with issuing auto backed securities wit Germany and France issuing the most derivatives on their banks auto loans. There is no doubt there is a massive problem with the structure and the creation of derivatives. As Warren Buffet said, they are weapons of mass destruction.  You would think we learned from 2008 and the collateral debt obligation debacle, but as John and Tim conclude it seems like we have not learned much from our prior mistakes. They provide evidence from SIFMA that shows that Asset-Backed Derivatives are now declining in outstanding derivatives the exact trend that happened in 2008. Coincidence? Maybe, but without the population understanding your car is not an asset until it gives you cash flow, we will continue to be tricked into unsustainable loans until the day we die. Schedule a limited time 15 minute portfolio consultation with Tim Picciott: bit.ly/booktimp   Lsten to the MP3 Version on The Liberty Advisor Podcast: Stay tuned for more from WAM! DON'T MISS AnarchoVegas 2019! Use promo code: WAM Save 10% on your tickets! Get your early bird tickets now at: www.AnarchoVegas.com CHECK OUT The Red Pill Expo 2019 here: https://redpillexpo.org/rpe/wam/ JOIN US on SubscribeStar here: https://www.subscribestar.com/world-a... We will soon be doing subscriber only content! Don't forget to check out Mike Maloney's GoldSilver at the following link: https://goldsilver.com/?aff=WAM Video edited by Tim Picciott Featuring: John Sneisen and Tim Picciott Visit us at www.WorldAlternativeMedia.com LIKE us on Facebook here: https://www.facebook.com/LibertyShall... Follow us on Twitter here: https://twitter.com/WorldAltMedia FIND US ON STEEMIT: https://steemit.com/@joshsigurdson BUY JOHN SNEISEN'S LATEST BOOK HERE: Paperback https://www.amazon.com/dp/1988497051/... Kindle https://www.amazon.ca/dp/B073V5R72H/r... DONATE HERE: https://www.gofundme.com/w3e2es Help keep independent media alive! Pledge here! Just a dollar a month can help us stay on our feet as we face intense YouTube censorship! https://www.patreon.com/user?u=265207... BITCOIN ADDRESS: 18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU World Alternative Media 2019 "Find the truth, be the change!"

Every investors greatest fear is buying a lemon of a property. A money pit if you will. I made that mistakes way back when I started, we were offered what every investor wants, an off market deal!  We made an offer well below what the seller’s Realtor thought they could get and boom. We got ourselves a money pit.  The house had a log foundation, the driveway was sloped to direct water into the basement window and onto the dirt floor of the cellar. The water that came out of the taps was brown time to time… I learned a lot from that house. Mistake #1 - we didn’t get an inspection.  The brown tap water is a symptom of galvanized steel plumbing. An old type of plumbing known to leak hence today’s insurance companies I use won’t insure it, hence you find it, you better have a plan to replace.  No insurance equals no mortgage. So if you were going to renovate a house with galvanized steel would you get permits and update the plumbing to today’s standards when renovating the bathrooms and kitchen or would you leave the old plumbing and just replace the bathroom and kitchen? Well as mastermind member of mine, let’s call him Brian, called me and asked my opinion.  He had an accepted offer conditional on home inspection, on a nicely renovated property BUT the home inspector found some improper electrical and the bathroom and kitchen fixtures were connected to galvanized steel plumbing.  The same stuff I mentioned earlier that insurance companies will not insure. There were no permits taken out obviously. What would you do? You bought a house you thought would not need renovation with new kitchen and bathrooms now you find out the electrical is problematic and the plumbing all has to be redone.  Doesn’t that feel like bait and switch? I told Brian what I thought his options were: Counter with the seller agrees at their own expense to get electrical and plumber permits to fix all the problems. Get a reduction in price to reflect the cost of remediation.  Not my ideal choice because now you have to manage contractors and have a vacant property during the renovations.  This what Brian’s Realtor’s preferred option. Walk away. A couple lessons here. Trust no ones’ renovations and workmanship, always get an inspection unless you plan on gutting the place anyways. Even brand new, I had my new construction houses in Brantford inspected, they had passed their electrical inspection but my inspector found a mistake in the arc fault circuit interrupter that should not have passed inspection.  The seller fixed it at their expense. My inspector also pointed out how the step was missing off the rear patio door, something required to obtain an occupancy permit allowing people to actually move in. Houses are a big investment, an ounce of prevention is worth a pound of cure. Get an inspection. On the other side, when you renovate, don’t cut corners.  You don’t want that as your reputation as the investor community is a tiny one. As Warren Buffet said, It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently. Our next Infinity Wealth Investment Network, or iWIN for short, meeting is here in Toronto on March 28th. If you’d like to come, you have to act fast as these events sell out. You can grab your ticket here: https://iwinmonthly.com/optin On to this week’s show!! While my wife Cherry and I were on a cruise ship in the Caribbean working the whole time, we fit in a podcast with our new friends Kristy and Brady Mcdonald.  With partners who contribute both the cash for down payment and renovation plus getting the mortgage, they have been able to acquire over 80 properties in just a few years.  Some were flips so they only still own 60+ properties depending on when you talk to them. Pay special attention on how they are able to manage both the acquisition, renovations and all those tenants.  Also note the Mcdonalds now spend a lot of time on their 50 foot boat in Florida and the Bahamas cruising and exploring uninhabited islands.  Their boat is called living the dream. Kristy also survived a tragic boating accident as a teenager and lost her arm in the process.  She’s no victim though as she practices a positive mindset. Anyways, I give you Kristy and Brady Mcdonald.

As Warren Buffet said, "Invest in yourself, you are your own biggest asset by far."  To most people, investing only means putting money in the stock market and/or buying real estate. Don’t get me wrong, these are historically good investments as the stock market has returned around 9% and real estate about 5.5% annually. Plus we can’t create any more land and people need to live somewhere so real estate is a great idea. But the more I studied, read, attended seminars, and listened to ultra-successful billionaires, CEO’s and entrepreneurs, I realized these are simply ok returns. There is another way of investing that can make you way more money and improve your life in every area. Investing in yourself allows you to improve every area of your life. One of the top habits of successful people is that they understand the power of investing in themselves. As Tony Robbins said, “I didn’t get this way by reading one book or attending one seminar. I consciously kept investing in myself and my future.”   Listen to find 7 easy ways to invest in yourself so you can upgrade your life in 2019!

We're just 90 days away from the end of the 2018 calendar year and the largest giving season of the year!   Join us as we take the 90-Day Challenge!   Write down your top 25 goals and circle your top 5. As Warren Buffet's 5/25 Rule suggests, focus 100% of your attention on the top 5 goals and ignore the rest until you've successful completed one off the list.   Share your top 5 in the Fundraising Freedom Tribe at http://www.facebook.com/groups/fundraisingfreedomtribe/.    For more information about Mary Valloni, visit http://maryvalloni.com

We’re just 90 days away from the end of the 2018 calendar year and the largest giving season of the year!   Join us as we take the 90-Day Challenge!   Write down your top 25 goals and circle your top 5. As Warren Buffet’s 5/25 Rule suggests, focus 100% of your attention on the top 5 goals and ignore the rest until you’ve successful completed one off the list.   Share your top 5 in the Fundraising Freedom Tribe at http://www.facebook.com/groups/fundraisingfreedomtribe/.    For more information about Mary Valloni, visit http://maryvalloni.com

As Warren Buffet once said: "the stock market is a manic depressive.” The market can be full of euphoria and greed one moment, and switch to fear and panic the next. This can often be a time of danger and high-risk for some traders, but for other traders it’s a time of immense opportunity. How? In this podcast episode we’re joined by special guest Larry Connors. Larry has over 30 years in the financial markets industry and has been featured on the Wall Street Journal, Bloomberg, Dow Jones, & many others. He has been providing high-quality, data-driven trading research for over 15 years, and I’m sure that many BST listeners have a stack of his books on their bookshelf. I definitely do! In my chat with Larry you'll discover: How human emotions drive the market, and why it’s so important to look beyond price charts and indicators to understand what's moving the market, How we can leverage extremes in specific human emotions to create quantifiable and profitable edges, How Larry came up with the idea of publishing his book ‘Buy the Fear, Sell the Greed’ and what traders can learn from it, 3 simple indicators to quickly judge the mood of the market, How Warren Buffets investment approach to be ‘fearful when others are greedy and greedy when others are fearful’ can also apply to short-term trading, And yes, I’m going to ask Larry about that famous ‘Stops hurt’ chapter published over 10 years ago that still has people talking today, Plus we cover a whole lot more.

As Warren Buffet's mentor Charlie Munger says, "To get what you want you have to deserve what you want. The world is not yet a crazy enough place to start rewarding undeserving people." In this episode we'll find out if you deserve what you want and show you how if you're not quite there. --- Support this podcast: https://anchor.fm/generalfitnesscompany/support

It doesn’t take a rocket scientist to figure out self-directed IRAs, but it may have before the age of the Internet. Fortunately, Carl Fischer, a third generation real estate investor, graduated from Cornell and went directly into rocket science. However, when his father passed, he dealt with the estate and stumbled across an investor using a self-directed IRA. That experience led him to learn more about SDIRAs and he was amazed at how little info was available at the time. He went on to fund CamaPlan to help others leverage the power of SDIRA investing. Learn more about how SDIRAs can serve as rocket fuel to blast up your retirement account.   Key Market Insights 3rd generation real estate investor, Cornell grad, rocket scientist at Kennedy Space Center for 18 years Carl’s dad died land rich, cash poor, so Carl helped settle the estate Found someone who loaned money through an IRA Called IRS, bank to find out more, but nobody knew about it SDIRA can exponentially increase your options of investments Brokerage firms (Merrill Lynch, Vanguard, Fidelity, etc.) have self-direct IRAs, but only allow you to self-direct in what they sell Qualified investments range from stocks, bonds, real estate, notes, private placements, precious metals, tickets, automobiles and even llamas Life insurance and collectibles (coin collections, jewelry) are prohibited IRS tells you what you can invest in, not what you can’t invest in Can not sell property to yourself or your IRA, must be strictly for investment purposes Other disqualified persons to your SDIRA: parents, children, grandparents and grandchildren; however siblings, uncles, aunts, nephews and nieces are permitted You are not allowed to do your own rehab with an IRA owned property Who should use a SDIRA? People that want control of their investment If you have a 401k, IRA you can roll this into a SDIRA The process: Select a custodian, open an account, fill out transfer papers to fund the account, select the investment, fill out investment contract (in account’s name) and send to custodian, proceed with due diligence Loopholes to pull out funds before 59 ½ through a 72T Distribution Starting to discuss cryptocurrency for SDIRA accounts as people are putting Bitcoin into SDIRA, but there may be regulatory issues   Bull’s Eye Tips: Winning Your Market: When investing out of market, rent a place in the area for a couple months and get to know the area, use Facebook to sell properties Daily Habit: Write list every morning, review the list from the day before  Resources: Best Business Books:Keep It by Joe Luby Think and Grow Rich by Napoleon Hill   Digital ResourcesTrulia DealMachine    Tweet This: “Self-direct and supersize your IRA” "The IRS doesn’t tell you what you can invest in, they tell you what you can’t" "As Warren Buffet once said, “it’s great to diversify, but don’t diversify into things you don’t know”   Places to Grab a Bite:Geno’s Philly Cheesesteak Connect with Carl:Website: Camaplan.com Phone: 215-283-2868 Email: info@camaplan.com   Please leave us a review and rating. Be sure to check out more info at TargetMarketInsights.com.

In this week’s episode, educator, coach and mentor Ben Harvey talks about systems, habits, everyday-discipline and living your love. Louise Bedford discusses loneliness in share trading and how to move beyond it and Chris Tate answers 10 questions on the markets in a quick quiz.   Chris Tate - Market Quiz Hear 10 questions with Chris Tate on the markets including his best and worst moments trading and when even he got distracted placing a position.   LOUISE BEDFORd - Mindpower When Louise started trading in the markets she was on her own. She had no family support and didn’t know any other traders, there was no-one to talk to about the markets.A lot of us start out like that. Fight your way out of your loneliness. Define it first and work out the scaffolding and the baby steps required to move beyond it. A world of friendship awaits you in the Mentor Program.   Ben Harvey - Authentic Education Part 2 Feel controlled by bad habits? Seeking to change your mind but don’t know how? As Warren Buffet said: ‘The chains of habit are so weak we can’t feel them until they become so heavy we can’t break them.’ In part two of this interview with Ben Harvey of Authentic Education we talk about: How to create new habits Everyday discipline The importance of creating systems for success Living your love To find out more about Ben Harvey and Authentic Education go to www.authenticeducation.com.au Ben is running a series of top functions, and he’s offered Talking Trading listeners’ free tickets! Have a look where he’s presenting: BEN’S FREE FINANCIAL FREEDOM FORMULA SEMINAR Manly Jun 14 (Wed) Parramatta Jun 15 (Thu) Adelaide Jun 17 (Sat) Melbourne Jun 18 (Sun) Perth Jun 20 (Tue) Sydney Jun 24 (Sat) Brisbane Jun 25 (Sun) Gold Coast Jun 27 (Tue) * 9am - 6:30pm each day Click here to get involved.  

For this episode of Planet MicroCap Podcast, I spoke with Ben Carlson, Author of the book, “A Wealth of Common Sense.” I picked up Ben’s book not too long ago and found it very useful and informative. The over-arching theme throughout the book, as it states on the cover, is answering the question, “why simplicity trumps complexity in any investment plan.” I thought this would be a great topic to discuss with Ben for the podcast. The goal for this episode is to understand why simple solutions can be used to solve complex problems. As Warren Buffet states, “Investing is simple, but not easy.” Click here to rate and review the Planet MicroCap Podcast The Planet MicroCap Podcast is brought to you by SNN Incorporated, publishers of StockNewsNow.com, The Official MicroCap News Source, and the MicroCap Review Magazine, the leading magazine in the MicroCap market - check out the latest issue here: MicroCap Review Winter/Spring 2017 For more information about Ben Carlson and where to buy "A Wealth of Common Sense", please visit:  Website: www.awealthofcommonsense.com Twitter: @awealthofcs

This might be a shocker, but they don't rely solely on the stock market. They usually have a stake in other businesses, real estate, etc. Having a skill set or business outside of trading that can help generate income is a must in my view. Having a valuable skill set or something creating side income will take a tremendous amount of pressure off you when you're going through that learning curve of trading options. Not only that, but it brings balance into your life. I know for me, it helps with getting in the right mind frame when I'm a position goes against me. I approach trading options as a business with the goal of making money. However, every day isn't going to be profitable. Sometimes, markets will be slow; sometimes you'll experience drawdowns. You will lose and be humbled. That's life! I believe one of the best ways to stay consistent in the markets is to eliminate the fear of having to make money consistently from the markets to put food the table. You want to avoid being at the mercy of the financial markets. As Warren Buffet has says, "Mr. Market Is A 'Drunken Psycho'." Being able to generate other streams of income will help you in so many aspects of your life as well as your trading. You will be more disciplined and not stressed when things don't go your way. There are ways many can do this. One way is real estate. For instance, you can buy a family duplex or a home in a college town and collect the rent checks. That is what my friend Kirk over at OptionAlpha and his wife do. However, you need a lot of capital tied up to do that. One thing I love about the financial markets is that I'm in control with everything at a click of a button. I have zero experience in real estate. I rent because I have no interest in real estate, I just see it too much of a hassle. I invest into other things such as digital properties. I think that is the new real estate. In fact, I know fund managers who diversify outside the market with investing into digital properties which provide passive income. That is kind or how I stumbled into this opportunity. You may not believe it, but with few thousand, you can conservatively start a stream of passive income and generate a better return than anything in the market with little risk. It involves a company who's stock is up a mind-boggling 20,000% since going public on May 15, 1997. That means for every $5,000 invested it would total into nearly $1 million today. While that sounds great, there's no way you would have held this stock for two decades. There's too much risk doing that. However, people are able to take that same $5,000 investment today and possibly create a 100% return in just one year. The company is Amazon, and all you have to do is partner with them, which means you don't have to own it's shares to profit from it tremendous upside growth. This is an alternative opportunity outside trading options, but if you like opportunities to make money, then I created a piece of free training that I teach you exactly about this opportunity, how I took a $1,000 investment that returned $12,427.24 that same year and how you can get started today. I share my results and how I can help you achieve them so you can create an alternative stream of income right away. This is a long presentation so make sure you're ready with a pen and paper because there will be solid, step-by-step content delivered that you can start using right away. Register your spot here: http://www.OptionSIZZLE.com/plr To your wealth, freedom and options! Joshua Belanger

Welcome to episode 15 of the Mobile Home Park Investors podcast, hosted by Jefferson Lilly and Brad Johnson, with the Park Street Partners. Today, Jefferson and Brad discuss some of their deals that have fallen out of bed for various reasons. These include deals they passed on after having done varying levels of diligence, all the way to the point of having them under a contract. Listen in to learn how not to let your emotions lead you to closing a bad deal.   Key Takeaways: [1:12] What not to do when closing a deal? Don’t let your emotions guide you no matter what. [2:44] Tale from the road to closing the Blue Grass State deal. [5:21] As Warren Buffet advises…invest in a business that any idiot can run because sooner or later, one will! [6:07] What are some red flags to look out for when you’re in the process of closing a deal? [9:37] Tale from the road to closing the Texas deal. [13:19] Why was the Park Street Partners’ 1st deal (a single-wide Michigan) a bummer and why did they call 113 banks? [18:06] Another tale from the road to closing a double-wide Michigan deal. [20:59] The Indiana deal seemed like a great opportunity, but the seller back paddled out of the deal. [25:31] What kind of due diligence issues have lead the Park Street Partners to cancel a deal? [26:42] What are the key lessons learned from some deals which have fallen out of bed for various reasons?   Mentioned in This Episode: Park Street Partners www.parkstreetpartners.com Mobile Home Park Investors www.mobilehomeparkinvestors.net deals@parkstreetpartners.com Park Street Partners - Investment Opportunities Park Street Partners - Resources Mobile Home Park Investors Mobile Home Park Investors Group on LinkedIn Send your deals to: deals@parkstreetpartners.net