Podcasts about Asset

Story of the Week (DR):JP Morgan's news weekThe Lurid Lawsuit, Salami Scandal and Trash-Can Thief Vexing JPMorgan's PR Department AND Meme of 'JPMorgan's HR Department in 2026' Has People in Stitches Amid Sex Scandal and Knicks Bin IncidentShe Stole a Knicks Trash Can Off the Street and Lost Her Job at JPMorganThe Trash Bin That Cost Her Career: Who Is Angie Báez? JPMorgan DEI Executive Fired After Viral Knicks Parade VideoThe Trash-Can Thief: Angie Báez, an Executive Director of Community and Industry Engagement at the bank, was captured on a viral video during the New York Knicks championship parade emptying a public trash bin onto a Manhattan sidewalk so she could steal the limited-edition, blue-and-orange Knicks-themed container.The Resolution: JPMorgan quickly terminated her employment after the video went viral. Báez eventually returned the trash bin and was issued $175 in sanitation fines.But what kinds of thing DON'T get you fired and get you fined?In 2023, JPMorgan Chase agreed to a $290 million (1,657,143x) settlement to resolve a class-action lawsuit from survivors of Jeffrey Epstein. The bank was accused of actively ignoring glaring red flags and helping bankroll Epstein's sex-trafficking operation for 15 years.Internal documents and later congressional probes revealed that the bank processed roughly 4,700 suspicious transactions totaling $1.1 billion for Epstein. They failed to file a single Suspicious Activity Report (SAR) until after his death.Who Kept Their Job? Mary Erdoes: The Head of Asset & Wealth Management was fully aware of Epstein's status as a high-risk sex offender, reviewed his account, and was directly implicated in internal communications regarding his status. She faced zero professional demotions and remains one of the top candidates to eventually succeed Jamie Dimon as CEO.In 2020, JPMorgan Chase entered a deferred prosecution agreement and agreed to pay a record $920 million (5,257,143x) to settle federal charges of market manipulation.For nearly a decade, traders on JPMorgan's precious metals and U.S. Treasuries desks engaged in "spoofing"—placing tens of thousands of fake, deceptive orders to artificially move market prices and maximize their own profits. The FBI stated that traders "openly disregarded U.S. laws."While a couple of mid-to-high-level traders (like Michael Nowak and Gregg Smith) were later criminally convicted and sentenced to prison, the executive leadership team responsible for supervising them and implementing compliance programs suffered no casualties. Top management stayed perfectly secure, chalking the multi-million dollar fraud up as the work of a few "bad apples."The Salami Scandal: Veteran wealth manager Brent Bodner was fired by JPMorgan in 2024 after he expensed a $642.50 deli platter (containing wings, sandwiches, and salads) for a Super Bowl gathering at his Beverly Hills home. The bank accused him of intentionally misclassifying a personal party as a pre-approved business meeting.Bodner counter-sued, jokingly dubbing the controversy the "salami incident." He argued that the event was a legitimate client-acquisition dinner that only two prospects ended up attending, and that the minor coding error was used as a pretext to push him out.The Resolution: A FINRA arbitration panel sided heavily with Bodner, ruling that JPMorgan acted preemptively out of paranoia that brokers were leaving for rivals. The panel ordered JPMorgan to pay Bodner $4.25 million in damages.The Lurid Lawsuit: Chirayu Rana, a former vice president on JPMorgan's leveraged finance team, leveled highly salacious allegations against his female supervisor, Executive Director Lorna Hajdini. Rana's lawsuit alleges he was subjected to a campaign of racial discrimination, severe harassment, and forced sexual relations under the threat of having his career sabotaged.The Resolution: Rana rejected a $1M settlement offer, countering with a demand for up to $22 million before escalating the fight to court. Both Hajdini and JPMorgan strongly deny the allegations as entirely fabricated, and the legal battle is moving toward a highly publicized trial.JPMorgan Chase promotes Petno, Rohrbaugh to copresidents, setting up two more successors for DimonThe Wait to Replace Jamie Dimon Keeps Getting Longer: Another potential successor, Marianne Lake, is leaving JPMorgan, as the longstanding chief executive enters his third decade atop the bank.How JPMorgan went from 3 female CEO contenders to an all-male succession raceJPMorgan named Doug Petno and Troy Rohrbaugh, current co-heads of the bank's commercial and investment bank, as co-presidents, setting them up as the frontrunners to succeed longtime CEO Jamie Dimon. Their promotions, the bank said in a press release, "are part of the Board's ongoing succession planning process."Petno and Rohrbaugh were among a handful of powerhouse candidates poised to succeed Dimon, including Jennifer Piepszak, chief operating officer, Marianne Lake, CEO of the commercial bank, and Mary Erdoes, CEO of asset and wealth management.Marianne Lake, a Potential Dimon Successor, Leaves JPMorganOne-time Retention and Continuity equity awards to the following Operating Committee members:Doug Petno, Co-President and CEO of the Commercial & Investment Bank, and Troy Rohrbaugh, Co-President and CEO of Consumer & Community Banking, in the amount of $30M each;Mary Erdoes, CEO of Asset & Wealth Management, and Jennifer Piepszak, Chief Operating Officer, in the amount of $20M each.JPMorgan Chase unveils $50 billion buyback, Goldman Sachs raises dividend after Fed stress testA 6 year study shows which CEOs are pushing RTO mandates: The ones with the biggest egosFortune 500 bosses demanding staff return to the office share one trait: narcissism, research findsA six-year study tracking corporate executives revealed that strict return-to-office (RTO) mandates are heavily driven by narcissism and executive ego, rather than actual employee productivityWharton organizational psychologist Adam Grant noted that researchers used reliable corporate proxies to quantify CEO narcissism, including the oversized scale of their compensation packages, the size of their signatures, and the prominence of their photos in company annual reports.The data showed that leaders with highly inflated self-opinions consistently coveted maximum power and status, making them the most aggressive opponents of remote work.Goldman Sachs and JPMorgan pushed hard for a 5-day-a-week return to the office. Why they're now letting employees work from homeGameStop CEO Cohen spurns $35 billion pay plan to focus on plan to buy eBayGameStop CEO on His eBay Pursuit: ‘I'm Not Going to Stop, I'm Not Going to Go Away'GameStop unveiled a compensation package worth roughly $35B for Ryan Cohen ​in January, hinging on a turnaround that requires him to lift the struggling company's market value more than tenfold and sharply boost its profit.In May, Cohen surprised Wall Street with an unsolicited offer to buy eBay for roughly $56 billion in cash and stock to ‌turn the e-commerce company into ⁠a bigger competitor to Amazon.EBay's board rejected the proposal, calling the offer "neither credible nor attractive."Cohen argued that he doesn't want the package ⁠so that GameStop's leadership can fully focus on its operating performance and the planned acquisition.SpaceX handed lowest possible ESG rating by MSCI: Triple C score puts Elon Musk's company on par with Russia after 2022 invasion of UkraineMusk 'most obvious risk' following SpaceX's lowest possible ESG rating“Board of Directors: The SPACE EXPLORATION TECHNOLOGIES board currently has an independent majority, which enables it to more effectively fulfill its critical function of overseeing management on behalf of shareholders. The company has failed to split the roles of CEO and chairman, which may limit the board's independence from current management interests. Split CEO and chairman roles are characteristic of 67% of companies in this market.”Welltower CFO's $167 million pay package sets new recordWelltower's Tim McHugh is the new highest-paid finance chief among the biggest U.S. companies. His $167 million pay package in 2025 not only dwarfs that of his CFO peers but also outpaces the compensation of many CEOs.McHugh's pay at Welltower, a real-estate investment trust focused on rental housing for seniors, surpasses the $139 million compensation package received by Tesla's Vaibhav Taneja in 2024. This puts him more than $135 million above Alphabet's Anat Ashkenazi, the next highest-paid CFO in 2025. And it secures him a spot in the club of executives making $100 million or more, a group that remains rare.Here's what the article DID NOT MENTION: CEO Shankh Mitra: $821MGoodliest of the Week (MM/DR):DR: Scientists Say New Method Turns Coffee Grounds Into High-Potency Renewable FuelAccording to a press release from South Korea's National Research Council of Science and Technology, a team of researchers at the Korea Institute of Geoscience and Mineral Resources (KIGAM) have developed a method to convert spent coffee waste into high-quality charcoal, known as biochar.While that's a feat in and of itself, the kicker is the method's blistering speed: it takes just 90 seconds from start to finish, with no drawn-out drying process or oil separation required. According to the release, the new technique solves a major issue in extracting the latent energy potential of spent coffee beans.DR: Bill to raise minimum wage to $25 an hour will be introduced in Senate DR MMThe bill would incrementally increase the minimum wage from its current rate of $7.25, with the first jump to $12 an hour in the first year of enactment. Major corporations would have six years to work up to a $25 minimum wage, while smaller employers would have a 13-year runway. The legislation would also do away with subminimum wages for tipped workers, such as restaurant servers, youth workers and workers with disabilities. Nearly half of the American workforce makes less than $25 an hour.DR: Federal judge blocks new law aimed at ESG, DEI investing decisionsA federal judge has blocked Kansas from enforcing a new law that requires institutional investment advisers to make certain disclosures when recommending against company management on issues, including environmental, social and governance principles.U.S. District Judge Holly Teeter on Wednesday issued a preliminary injunction halting enforcement of law enacted last session that two major national institutional investment advisers said was unconstitutional because it discriminated based on speech.MM: MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last yearAssholiest of the Week (MM):CEO SPEED ROUND - ONE HEADLINE, ONE CEO, ONE LINERTim Cook - It's pretty sweet to quit your job and let the new guy fight the union: Apple closed America's first unionized store and blocked workers from transfers — now the union is fighting backJamie Dimon - It was easy - we just pointed to the ones with boobs and said “Not you”: How JPMorgan went from 3 female CEO contenders to an all-male succession raceZuck - The best thing about being a little man king with no accountability is I can randomly change and unchange and rechange my mind… about people's lives: Meta pauses an AI training program that tracks employees' keystrokes after an internal leakLarry Fink - Have you SEEN the size of my signature??? Fucking come to work: A 6 year study shows which CEOs are pushing RTO mandates: The ones with the biggest egos“In the six-year study, researchers collected data on Fortune 500 CEOs, using behavioral proxies—signature size, photo size in annual reports, pay gap relative to peers—to construct narcissism scores. The higher the score, the more likely a CEO was to publicly oppose remote and hybrid work and seek additional status (like a board chairmanship). In a separate experiment, CEOs whose egos were primed—by reflecting on the assertive leadership styles of Steve Jobs and Larry Ellison—showed significantly greater opposition to working from home than a control group”Andy Jassy - Now we know EXACTLY when you're wasting our time peeing in a bottle instead of working: Amazon is on a mission to optimize warehouse work. Its latest test puts wearable devices on support staff.Nikesh Arora - If you just said, “Who?”, you better pay attention because I have important things to say: Palo Alto Networks CEO: We're in 'a Darwinian moment' where employees have to prove their AI skills - BRONZE ASSHOLESatya Nadella - If I complain about how everyone TALKS about AI, does that make me sound more sympathetic?: Microsoft's CEO Takes Aim At AI Companies: 'We Have To Walk The Walk' To Convince The Public - GOLDEN ASSHOLEJeff Bezos - I mean, if I'm honest, everyone is terrible and should be laid off: Jeff Bezos Called Washington Post His Worst Investment and Staff He Laid Off ‘Terrible' People - SILVER ASSHOLEBrian Moynihan - I mean, or your kid was late to school because they forgot to make their card for teacher appreciation day, you didn't eat breakfast, and you rushed in to work from the office as fast as you could because working from home isn't allowed anymore: By 7 a.m., Bank of America's CEO has already read 5 newspapers, his email inbox, and hit the gym—he says if you're late to meetings, you're ‘selfish'Dave Ramsey - 0.0001% of Musk's worst day could end hunger ON EARTH, but sure, take away Halloween and pets from the rest of us: Dave Ramsey Says 20% of Americans' Halloween and Pet Budgets Could End Hunger: 'There'd Be No Hungry Kids'Headliniest of the WeekDR: Beloved Grandmother Was Standing in Her Own House When a Tesla, Allegedly on Autopilot, Smashed Through the Wall and Killed Her in Grandchildren's PlayroomA popular password manager was hit by a hack. What you need to know—and how to keep your data safeMM: Ryanair says it will reluctantly not charge parents to sit next to childrenMM: Elon Musk will get a billion shares of SpaceX if he can settle a million humans on MarsJust make it 10 trillion shares if he can safely land Gus who sleeps at the bus station on NeptuneWho Won the Week?DR: The MotherS(C)hIpMM: ESG RatingsPredictionsDR: Symbolically giving up your $35 billion CEO pay package becomes the new $1 salary: proxy statements will say: “Our CEO generously waived his $35 billion pay package as a gesture of sacrifice to lead by example, preserve corporate cash, and show solidarity with displaced workers and stressed stakeholders.”MM: Ryanair announces a new fee children can pay to sit AWAY from their parents

From The Asset team: Patriarchs. Subscribe hereThis first episode begins at the end, then rewinds to before the Revolutionary War, at the Continental Congress, where Adams and Jefferson clash, collaborate, and argue over independence, democracy, and the future of the nation. With powerful performances and historically grounded dialogue, Patriarchs explores the human cost of power, principle, and ambition.Patriarchs is a six-part audio drama about John Adams and Thomas Jefferson, the founding of the United States, and the 250th anniversary of the Declaration of Independence enacted in 1776. Patriarchs stars Stacy Keach as Thomas Jefferson and Edward Gero as John Adams.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Announcing the CTP for SpaceX. MahJong Craze gone wild. Goodbye to Alan Greenspan – The Maestro. Have you seen RAM prices? PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? PayPal.Donation.Button({ env:'production', hosted_button_id:'JJJHP2GDEJC7J', image: { src:'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt:'Donate with PayPal button', title:'PayPal - The safer, easier way to pay online!', } }).render('#donate-button'); Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - Announcing the CTP for SpaceX - MahJong Craze - Goodbye to Alan Greenspan - The Maestro - Have you seen RAM prices? Markets - Economic Collapse Imminent? - Breathe is narrowing again - chips chips chips are the only play - Spacex coming back down to earth? What is that sucking sound? -- Markets getting weird..... 3% down for NASDAQ 100 today - 8% for SMH and 14% for Memory ETF - Just announced - Alphabet (Google) will replace Verizon in DJIA DEDICATION: Alan Greenspan - Died Monday at age 100 Google Enters DJIA - High priced shares - Moves tech to 22% of DJIA from 17% or so - very meaningful move - Every $1 move for Google = $7 move on DJIA - Tech:  S&P 500 (~30%+), Nasdaq (~50%+) Computer Pricing - What as $2,000 a year ago for a nice desktop is not like $4,000 - Dell not holding pricing quotes - and even if they do, back ordered so prices could go up after order - Will IPOs put more money in the pocket of tech companies to buy gear at any price? Endless - SpaceX recently finalized two massive, multibillion-dollar artificial intelligence contracts: a $6.3 billion computing power agreement with Reflection AI and a $60 billion acquisition of the AI coding startup Cursor. - AI Compute Deal with Reflection AI - - - - The Terms: Reflection AI agreed to pay SpaceXAI $150 million per month from July 2026 through the end of 2029. - - -- - - The Infrastructure: The startup will tap into hardware and GB300 chips housed at SpaceX's Colossus 2 data center in Memphis, Tennessee. More SpaceX - SpaceX shares were as high as $220 post IPO. - Sharea ahve been down over the past 3 days. - Most that got in POST IPO probably bought in at about $162-$165 - Newsline: SpaceX shares slipped for a third straight day, shedding hundreds of billions of dollars in market value, after the company said it is selling investment-grade bonds for the first time. - The stock fell 16% Monday to close at $154.60, the lowest level since the company's first day of trading, pushing its three-day loss to 23% and erasing over $600 billion in value over that period. - SpaceX is seeking to raise at least $20 billion from the first bond offering to fund its artificial-intelligence ambitions. Missed Opportunity - Short the Mattress companies he said...... ----- Got squeezed out....Never to return Swing and a Miss Maybe Because this can happen... - Shares of Getty Images Holdings Inc. soared as much as 145% on Monday after it announced a licensing deal with OpenAI. - Getty said that images from its library will appear in the search and discovery features of ChatGPT, marking a key reversal for the firm. - The partnership with OpenAI could improve “licensing optics” and shift the narrative on the stock, according to analyst Mark Zgutowicz. - Getty shares were up 118% to $1.32 as of 12:44 p.m. in New York, putting them on track for the best session since July 2022. The stock had fallen about 55% this year to close at 61 cents on Thursday before the Juneteenth holiday weekend began. KOREA - SK Hynix - New #1 in South Korea: SK Hynix surpassed Samsung Electronics on Monday to become the country's most valuable listed company. - Remarkable turnaround: A striking reversal for a chipmaker that nearly collapsed under heavy debt roughly two decades ago. (CYCLES) - AI memory leader: Now the dominant supplier of high-bandwidth memory (HBM) chips powering AI systems. - Marquee customers: Key buyers include Nvidia (NVDA) and Alphabet's Google (GOOGL). - Massive 2026 rally: Shares are up more than 340% year-to-date, fueled by the global AI boom. - Market cap milestone: Valuation now exceeds both Samsung and Micron (MU). Markets Get Chopped - Questions being asked about if AI spend boom producing fast enough return - Back to earth on valuation scare - (all of a sudden?) - KOSPI down 11% - Chips getting hit - 12% for Memory ETF - MU down 9%, Intel 4%, ASML 7% RAM Prices... - Looking at some additional RAM today for some office computers .... --- ARE THEY KIDDING? RAM Prices Imminent Collapse???? - President Donald Trump said the prospect of global economic collapse was a big reason he signed an interim peace deal with Iran. - According to sources, the deal reopened the Strait of Hormuz and set in motion waivers for sanctions on Iran's oil sales to the international market, with the effect being an immediate drop in oil prices and a rise in US stocks. - The agreement has been seen as skewed in Iran's favor, giving the country broad gains before the next round of talks, and has prompted pushback and anger from Republican lawmakers. - MOU signed lat Wednesday - also now more waivers of sanctions on sale of Iranian oil - 60 day reprieve. China - Weak economic conditions - H Shares about to enter bear market - Hong Kong - Close to a technical bear market, dragged down by weak domestic consumption, a struggling property sector, and an exodus of funds fleeing "old tech" for AI plays elsewhere in Asia. - A-shares are listed in mainland China (Shanghai/Shenzhen) and primarily target domestic investors. H-shares are listed in Hong Kong and are freely available to international investors More China - Retail sales declined for the first time since December 2022, dropping 0.6% from a year earlier. - China's urban fixed-asset investment contracted 4.1% as of end-May, dragged by real estate and manufacturing. - Manufacturing fixed-asset investment contracted for the first time since December 2020. - Industrial output was the lone bright spot, rebounding from April's near three-year low. - The national unemployment rate fell to 5.1% in May, compared with 5.2% in April. Marrrr Jonggg - Mahjong can be highly addictive due to its rewarding blend of strategy, luck, and social interaction. The rapid tile-drawing, need for pattern recognition, and "just one more round" mentality trigger dopamine releases. If compulsive play disrupts your finances or daily life, it can become a behavioral addiction requiring intervention. - Tactile and Auditory Appeal: Many users on community forums like Reddit agree that the physical weight, texture, and distinct clinking sound of shuffling tiles provide soothing, sensory satisfaction. - There has been a 70% surge in mahjong content on TikTok in the past year - Yelp recently named the Chinese tile game a top trend of 2026, noting that searches for mahjong clubs surged 4,467% year over year for the period from September 2024 to August 2025 and that searches for mahjong lessons rose 819%. Alphabet - WHAT>????*&*^ - Alphabet shares slid 7%, on track for the search giant's worst day in a year. - Alphabet's Google has seen consecutive high-profile researchers leave in the last several days. - The company also has exposure to the market's concerns around commoditized AI and ballooning capital expenditures. - The share slide also came on the heels of a Sunday Wall Street Journal interview with Microsoft CEO Satya Nadella, who called for less dependence on “AI Giants” and said the AI market was commoditized. Back to Oracle - Oracle reduced workforce by 21,000 employees over past twelve months. - Cuts broader than previously disclosed, driven by artificial intelligence adoption. - Global headcount fell from 162,000 to 141,000 full-time employees year-over-year. - Workforce reductions generated $1.8 billion in restructuring costs, company reported. - Company warned AI deployment may continue resulting in workforce reductions. NVDA - Underperforming - Nvidia shares slipping recently despite remaining up about 12% in 2026. - Stock down roughly 3% past month, underperforming semiconductor peers. - SMH ETF surged 84% year-to-date, gaining 15% last month. - Traders predict Nvidia chip pricing power is beginning to decline. - Wall Street focus shifting toward memory and infrastructure AI buildout. - Micron and Sandisk shares jumped nearly 60% over past month. Gloom and Doom - JCD sent interesting take from Chris Bloomstran - Traditionally asset light companies with all sorts of revenue, high margins now.... ---- Converting into asset heavy with no real understanding of what the profitability or even revue will be in the future ----- Here are the highlights of his commentary we can explre: ------------AI buildout shifting markets from asset-light toward capital-intensive infrastructure cycle - Hyperscaler capex surge reflects move into heavy, long-duration asset base - Massive capital requirements challenge economics versus prior asset-light models - Depreciation burden rising sharply as infrastructure scales across AI ecosystem - Returns depend on utilization of expensive, long-lived physical compute assets - Asset-heavy cycles historically lead to overbuild, weak returns, eventual consolidation - Infrastructure spending absorbing nearly all operating cash flow for hyperscalers - Off-balance-sheet financing masking true scale of capital intensity shift - AI economics hinge more on physical capacity than software-driven scalability - Echoes of past asset-heavy booms with eventual oversupply and value destruction Amazon Day - Today - June 26th - US consumers will spend $26.3 billion online at Amazon and other retailers during the four-day sale, up 9% from last year's event in July, according to Adobe Inc. - About 201 million Amazon shoppers in the US were Prime subscribers as of March, up about 3% from a year earlier - Amazon will capture about 60% of all US online spending during Prime Day, its highest market share since 2019, according to estimates from EMarketer Inc. Chevron and Microsoft - Chevron Corp signed 20-year deal with Microsoft for data center power. - Agreement supplies natural-gas fired generation for massive West Texas facility. - Project Kilby expected online 2028, ramping to 2.67 gigawatts. - Full output enough to power more than 530,000 Texas homes. - Chevron partnering Engine No. 1, final investment decision planned later. - Deal follows prior reports of exclusive long-term power negotiations. More Oil News - Drill baby Drill - Interior Department cutting federal drilling bonds by 95% to spur exploration. - Required bond drops from $500,000 to $25,000 for leases. - Bonds ensure cleanup costs don't fall on taxpayers if wells abandoned. - Policy change aims to encourage more oil and gas development. - Proposal subject to 60-day public comment after Federal Register publication. FedEx Earnings - FedEx posted strong fiscal fourth-quarter earnings on Tuesday in the company's last quarter that included the freight business before its spin off. - FedEx Freight spun off into a separate publicly traded company on June 1. - The company said it saw a 3% year-over-year increase in domestic volume. - Stock down 6% A/H   Love the Show? Then how about a Donation? PayPal.Donation.Button({ env:'production', hosted_button_id:'JJJHP2GDEJC7J', image: { src:'https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif', alt:'Donate with PayPal button', title:'PayPal - The safer, easier way to pay online!', } }).render('#donate-button'); ANNOUNCING the THE CLOSEST TO THE PIN for SpaceX (SPCX) Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!     FED AND CRYPTO LIMERICKS   See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

Would you like access to our advanced agency training for FREE? https://www.agencymastery360.com/training Are you still inside every client relationship because no one on your team has been given the room to own one? Have you hired people who look great on paper only to later discover the skills do not actually transfer? Today's featured guest built her agency deliberately, one client at a time, carrying systems from her years at L'Oréal before anyone told her those systems would matter. She talks about how she structured accountability on her team from the beginning, how she filters out candidates who cannot think without AI holding their hand, and why she stopped caring about working with the sexiest beauty brands and started caring about working with the right ones. Mimi Banks is the founder and CEO of MB Social, a New York-based social media agency specializing in beauty. She spent years at L'Oréal, where she was among the first people to build social media infrastructure at the company, then moved to a Paris-based startup before eventually launching MB Social. Her team of 25 now handles social strategy, community management, and content for beauty brands across the market. In this episode, we'll discuss: Starting off with a vision on accountable vs responsible Can your team do 80% of what you do? Then you're set Why she stopped chasing the wrong clients Subscribe Apple | Spotify | iHeart Radio Sponsors and Resources E2M Solutions: Today's episode of the Smart Agency Masterclass is sponsored by E2M Solutions, a web design and development agency that has provided white-label services for the past 10 years to agencies all over the world. Check out e2msolutions.com/smartagency and get 10% off for the first three months of service. Building From the Beginning with Systems, Not Just Instinct Mimi came into agency ownership with something most founders spend years trying to build after the fact: a working model for how things should get done. Her time creating social media infrastructure at L'Oréal gave her a process orientation before she had a team to apply it to. When she started bringing people on at MB Social, the systems came with her. The ways of working, the documentation, the clarity around who was responsible versus who was accountable: those were in place because she had already built them once somewhere else. For instance, she started off with clarity on the distinction between responsible and accountable. She positioned herself as accountable from day one while making sure there was always a specific person responsible for each piece of work. That structure kept her from becoming the default executor on everything, which is the trap most founders walk into when they hire without clarifying ownership. The 80 Percent Standard That Actually Frees You Mimi is far enough along in her evolution that she no longer reviews most of what her team produces. She trusts the people leading each department to make judgment calls without routing them upward. Getting there required learning to live with the gap between what she would do and what her team does, and deciding that gap was acceptable. This is a framing every mastermind member knows: if your team does 80 percent of what you would do, that is good enough. Because you cannot do a hundred percent of everything, and the cost of trying is that you stay in the operator role indefinitely. The coaching method Mimi asks her leadership team to apply is asking questions. Similar to the Mastermind's 1-3-1 method, it's basically about asking questions that will help your team come up with options they have already considered, which leads to them coming up with the solution on their own. Do that enough times and the team stops treating the founder as the answer key. Hiring for Beauty When Everyone Says They Know Social The challenge Mimi keeps running into in hiring is the gap between what candidates say they can do and what the work actually requires. Social media for enterprise beauty brands is not the same skill as posting on a personal Instagram. The strategy is more complex, the client demands are higher, and the responsiveness required is relentless. Candidates do not always know that going in, and some of them figure it out in ways that are expensive to the team. The hiring process she built with Hireflex added a video interview layer with no retry option that filters for candidates willing to do the uncomfortable thing even when it is not required. From there she takes the transcripts, runs them through AI against a scoring rubric tied to the job description, and uses that data alongside her own read to make decisions. What she is testing for is the ability to think, not just to produce a clean output with AI assistance. The perfect presentation that does not match the resume tells her nothing useful. The candidate who works through a problem imperfectly, in their own words, tells her a great deal. Designing the Agency Around the Clients You Actually Want Mimi stopped chasing the sexiest beauty brands. Not because she cannot get them, but because sexy and right are not the same thing. Payment terms that stretch to 120 days, clients who treat the team poorly, brands that want work done yesterday and deliver assets a month late: those are not problems that prestige solves. She now runs the agency with a no bullshit attitude and is quick to address when a client's behavior affects her team. That boundary is what makes it possible to keep the team she has built. The version of client selectivity that actually holds is based on being clear enough on what you are building that you can recognize a client who does not fit before the contract is signed. After all, client relationships are like dating: you have to see if you get along before you commit, because the worst version of a client relationship looks a lot like a bad marriage, and the damage it does to a team is not undone when the contract ends. Do You Want to Transform Your Agency from a Liability to an Asset? Looking to dig deeper into your agency's potential? Check out our Agency Blueprint. Designed for agency owners like you, our Agency Blueprint helps you uncover growth opportunities, tackle obstacles, and craft a customized blueprint for your agency's success.

Hyperscalers are spending more than $750 billion a year on AI infrastructure, and much of it is for physical hardware that needs financing. That's creating a compelling opportunity for asset-based lenders who can underwrite real collateral and contracts rather than picking technology winners.   On this episode of Disruptive Forces, host Anu Rajakumar speaks with Sean Hinze of Neuberger's Specialty Finance team. Together, they discuss: Why hyperscalers prefer off-balance-sheet financing and what that means for private credit How to underwrite GPU deals when chip technology evolves every two years Why power is the new bottleneck — and what a 68-gigawatt US shortfall means for lenders Where the strongest relative value sits today across chips, power equipment, and fiber How to separate hype from opportunity in a crowded space      This communication is provided for informational and educational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. Information is obtained from sources deemed reliable, but there is no representation or warranty as to its accuracy, completeness or reliability. This communication is not directed at any investor or category of investors and should not be regarded as investment advice or a suggestion to engage in or refrain from any investment-related course of action. Neuberger is not providing this material in a fiduciary capacity and has a financial interest in the sale of its products and services. Investment decisions should be made based on an investor's individual objectives and circumstances and in consultation with his or her advisors. All information is current as of the date of this material and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Neuberger products and services may not be available in all jurisdictions or to all client types. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. The firm, its employees and advisory accounts may hold positions of any companies discussed. This material may include estimates, outlooks, projections and other "forward-looking statements." Due to a variety of factors, actual events or market behavior may differ significantly from any views expressed. Investing entails risks, including possible loss of principal. Indexes are unmanaged and are not available for direct investment. Past performance is no guarantee of future results.   Use of Artificial Intelligence Tools. Neuberger may utilize AI tools in its business operations to improve operational efficiency and for assistance in research and analyzing data among other uses. AI tools are dependent on historical data, consequently, if the content or analyses that AI applications assist Neuberger in producing are or are alleged to be deficient, inaccurate, or biased, a client account may be adversely affected. Additionally, AI tools used by Neuberger may produce inaccurate, misleading or incomplete responses that could lead to errors in Neuberger's and its employees' judgement, decision-making, investment research or other business activities, which could have a negative impact on the performance of a client account. The application of AI in investment processes, research, or analysis is evolving and subject to limitations, including data quality, algorithmic biases, and interpretive errors. AI outputs should not be relied upon as the sole basis for investment decisions. No assurance is given regarding the accuracy, completeness, or timeliness of information generated by AI.   This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions.   The "Neuberger" name and logo are service marks of Neuberger Berman Group LLC.   © 2026 Neuberger Berman Group LLC. All rights reserved. M-003297  

In this Season 6 executive summary episode of the Wealth Planning for the Modern Physician Podcast, host David Mandell reflects on the major themes, conversations, and lessons shared throughout the season. David explains the structure of the podcast's academic calendar format and previews the upcoming Summer Rewind series, which revisits standout episodes from prior seasons. He then walks listeners through each episode of the season, highlighting important insights and lessons from all 20 episodes. By summarizing each episode from the season, this episode serves as both a roadmap for listeners looking to revisit episodes they may have missed and a reminder of the practical strategies, red flags, and opportunities physicians should consider as they navigate modern medical careers. Insights Covered in Season 6: Private practice compensation models are evolving to better align with the priorities of younger physicians entering medicine.  Entrepreneurship in healthcare can create significant opportunities, but it also introduces operational, financial, and emotional risks. Asset protection planning requires ongoing maintenance and discipline rather than a one-time legal setup. Artificial intelligence is already improving workflow efficiency and reducing administrative burden in clinical practice. Physician burnout often requires both operational changes and personal reinvention strategies to address effectively. Healthcare mergers, acquisitions, and private equity activity continue to reshape the physician practice landscape. Financial literacy and business education can dramatically improve a physician's ability to make informed career decisions. Peer review processes and workplace conflicts can have major professional and financial consequences if handled improperly. Real estate investments can be beneficial for physicians, but leverage and market timing carry meaningful risks. Strong mentorship, networking, and community support remain essential throughout every stage of a physician's career. Learn more, including additional show notes, links, and detailed key takeaways, by visiting physicianswealthpodcast.com. Click here to get your FREE copy of our latest book, Wealth Strategies for Today's Physician!

What if the thing keeping your content from landing isn't a missing strategy or the wrong platform, but the gap between how you actually communicate in real life and how you show up online? In this episode, I sit down with my friend Heather Sager, a high-performance coach for visionary and visible leaders who's got more than 1500 stages under her belt, to talk about why your voice is the most underrated asset in your business and what it takes to use it well. We get into what congruency actually means in your content, why short-form video is humbling even the most experienced speakers right now, and the concept Heather calls "creative atrophy", which is the subtle erosion happening in business owners who outsource their thinking to AI before they've done the work to clarify their own ideas. If you've been feeling like your content sounds flatter than it used to, or like you can't quite articulate the new direction your business is heading, this conversation will give you a much clearer picture of what's actually going on and what to do about it. Timeline Highlights [00:00] – Why I clicked on Heather's "I just told a bunch of business owners to take a dump" post and knew I had to have her on the show [03:01] – Heather's story of being a shy kid who became a person whose voice is her business [09:20] – The skill Heather didn't realize was unique until she'd spent years developing it [12:31] – Why questioning whether your stuff is good enough is the thing keeping you stuck [16:09] – Niche transformation and why it feels harder to talk about new offers than established ones [19:32] – The difference between processing, clarifying, and articulating your ideas [24:41] – Short-form video as the humbling moment for established experts [33:42] – Why looking stupid is part of the path to mastery on any new platform [42:48] – Heather on building a business where she's the same person backstage as on stage [51:08] – Creative atrophy and what happens when AI does the thinking your brain is supposed to do [55:11] – The skill that'll separate highly paid experts from the commoditized in the next five years Top Quotes from the Episode "Your voice is your business. You're already on stages all the time. The only question is whether you're using them on purpose." "If you don't even think your stuff is good, you can't expect anyone else to see you as an authority." "Processing your ideas, clarifying your ideas, and articulating your ideas aren't the same thing. Most people treat them like they are, and that's exactly why their messaging isn't landing." "Being good at speaking off the cuff isn't a personality trait. It's a skill that gets sharper with practice and dulls when you stop using it." "You've earned the right to skip the line, but business doesn't work that way. Every new platform asks you to be a humble beginner again." "When you let AI do the thinking your brain is supposed to be doing, the part of you that generates original ideas starts to atrophy. Six months later, you can't write an email without it." "The thing that'll separate the highly paid expert from the commoditized one over the next five years isn't output. It's the willingness to keep doing the hard creative work yourself." "Show up the way you talk. Get better at talking. The right people will recognize you faster than any polished version ever could." Links & Resources Connect with Heather Sager Heather's free guide: 19 Magnetic Phrases Heather's podcast: Hint of Hustle Take the "What's Your CEO Type?" Quiz If this episode resonated with you, follow the podcast, leave a review, and share it with someone who's ready to sound more like themselves in their business.

Guest: John Metzger (LinkedIn), Founder of Asset Assurance Monitoring (Website)."I don't know how, but I recognized it was one of my children. My friend rescued Nicolas, and I thought: Oh my God, at least I managed to catch one."These were the words of a father fleeing the 2015 Bento Rodrigues (Mariana) dam disaster in Brazil (O Globo, 08/11/2015). Five days later, his daughter Emanuele was found dead. The collapse killed 19 people and sent a torrent of toxic mine waste 670km down the Doce River to the Atlantic Ocean. It was Brazil's worst environmental disaster.Four years later, just 70km west, it happened again. The 2019 Brumadinho dam collapse killed 272 people—including an entire family of five and an unborn child—becoming Brazil's worst industrial disaster. Both mines were owned by corporate giant Vale.When raw ore is extracted, the toxic, liquid byproduct is stored behind massive earthen structures called tailings dams. Globally, there are an estimated 29,000 to 35,000 active, inactive, or abandoned tailings storage facilities (TSFs) holding 223 billion tonnes of waste (World Mine Tailings Failures). Active sites account for 85% of all failures. The risk is ongoing: as of late 2025, Brazil alone has 916 dams, with 74 at high risk of collapse and 91 on alert, concentrated heavily in the mining hub of Minas Gerais.When these structures are poorly designed or neglected, they fail. When they fail, the wall of mud obliterates everything in its path.Our guest today, John Metzger, is an expert on the advanced monitoring systems designed to prevent these catastrophes. Having led an incredible, multi-country career, John joins us to explain how real-time data, geotechnical instrumentation, and rigorous telemetry save lives.There were fatal systemic flaws of recent disasters—including why Brumadinho's emergency warning alarms failed to sound, echoing previous conversations on the show with Floodmapp's Juliette Murphy on the desperate need for strict flood-alarm regulations (YouTube Link). Also corporate failures: reports that Vale knew of automated sensor malfunctions two days before the Brumadinho collapse (Mining.com Report) and allegations that safety inspectors felt corporate pressure to sign off on unstable structures.Despite these failures, there are rays of hope. First, the recent establishment of the UN-backed Global Tailings Management Institute (GTMI), a new international watchdog tasked with ending corporate negligence in tailings management. Second, I want to honor the legacy of Lindsay Newland Bowker, the actuary behind the vital World Mine Tailings Failures database, who passed away in May 2026. To ensure her work is not lost to time, I have an upcoming conversation with Ankur Shah of PlanetSapling to discuss the future of open-source risk mapping.

Khadija Mustafa, advisory council member of VivoPower (VIVO), breaks down why the AI race is moving upstream… where the hyperscaler capex is actually going… why AI can't be compared to the dot-com boom… and much more. In this episode: Welcome, Khadija Mustafa, advisory council member of VivoPower [0:02] The AI race is moving upstream, thanks to the power bottleneck [3:52] AI is a critical national asset—and these countries have the lead [7:10] Here's where the hyperscaler capex is actually going [14:54] Why AI can't be compared to the dot-com boom [19:55] The future of AI: Does the reward outweigh the risk? [23:44] What sets VIVO apart in the AI landscape [28:37] Did you like this episode? Get more Wall Street Unplugged FREE each week in your inbox. Sign up here: https://curzio.me/syn_wsu Find Wall Street Unplugged podcast… --Curzio Research App: https://curzio.me/syn_app --iTunes: https://curzio.me/syn_wsu_i --Stitcher: https://curzio.me/syn_wsu_s --Website: https://curzio.me/syn_wsu_cat Follow Frank… X: https://curzio.me/syn_twt Facebook: https://curzio.me/syn_fb LinkedIn: https://curzio.me/syn_li

The Federal Reserve's latest policy shift under new governor chair Kevin Warsh marks a significant regime change for global markets. With the dot plot revealing two potential rate hikes and a shift away from forward-looking guidance, investors face heightened market uncertainty across stocks, crypto, and real estate. This discussion cuts through the media noise to analyze macro data points, including the geopolitical resolution with Iran, falling energy prices, and the approaching $930 billion commercial debt maturity wall. While mainstream capital retreats to the stock market, sophisticated investors recognize that slow, stale, and sideways markets offer generational opportunities. This episode explains the math behind negative leverage, the critical role of the 10-year Treasury note, and why the absolute best real estate deals are historically secured before rate cuts occur, not after. Discover how to build defensive buffers into your underwriting parameters to transform macroeconomic headwinds into asymmetric long-term wealth. KEY TOPICS DISCUSSEDMacroeconomic analysis of Fed Chair Kevin Warsh's first FOMC meeting and monetary policy adjustments Geopolitical implications of the US-Iran memorandum of understanding and its impact on global crude oil volatility Understanding the "Fed Trap" and balancing the risks of reigniting inflation versus fracturing economic growth Technical evaluation of the 10-year Treasury note as the foundational gravitational force for commercial lending benchmarks Financial underwriting frameworks for identifying and avoiding negative leverage in a 6% to 7% interest rate environment Strategic management of the upcoming $930 billion maturing commercial real estate debt wall Asset allocation rotation from overvalued equity sectors into distressed, undervalued real estate opportunities KEY TAKEAWAYSLock in your real estate opportunities before the Federal Reserve cuts interest rates. Historically, the most profitable assets are acquired when market sentiment is deeply depressed and capital sits passively on the sidelines. Treat the Federal Reserve's policy decisions as macroeconomic weather rather than an absolute indicator of deal viability. Successful investing relies on strict individual deal underwriting rather than relying on central bank rescue parameters. Address floating-rate debt maturities 12 to 18 months in advance. Initiating proactive refinancing and restructuring conversations with lenders prevents forced liquidations when interest rate environments shift. Implement structural buffers of 50 to 100 basis points above current market rates when modeling new investments. Ensuring a deal cash-flows under restrictive conditions turns future monetary easing into pure financial upside. Monitor the 10-year Treasury note on a weekly basis to filter out short-term market noise. A sustained technical break below the 4% threshold serves as the primary signal that institutional debt conditions are turning positive. CONNECT & TAKE ACTIONSchedule a professional portfolio review with Ryan's team: Text "X-ray" to 844-447-1555 Build steady mailbox money with the Imagos Income Fund: Text "income" to 844-447-1555 Join the exclusive newsletter for unfiltered market insights: Text "WIB" to 844-447-1555 Access institutional investor resources and trackers: thewiseinvestorvault.com Gain direct access to accredited private placement deal flow: Text "deals" to 844-447-1555 Review comprehensive media notes and digital resources: millionairemindcast.com Connect directly with Matty A on corporate social channels: @officialmattya

Are you tired of making tiny profit margins on your real estate investments while dealing with the stress of standard tenants? What if you could easily multiply your current rental cash flow without buying a single new property? In this episode of Exit Strategies Radio Show, Corwyn J. Melette sits down with Air Force veteran and Roundtable Living founder Katrina Robinson to discuss strategic co-living and how one property can create stronger cash flow, provide affordable housing, and become a lasting legacy asset.Katrina shares how room-by-room housing models can help address affordability challenges while creating opportunities for investors to grow income, serve their communities, and build generational wealth. The conversation explores responsible real estate ownership, community impact, operational systems, and the importance of creating opportunities that benefit both property owners and residents.Key Takeaways:01:34 Why buying more properties isn't always the answer04:10 How strategic co-living increases cash flow09:42 Addressing housing affordability through shared housing11:40 A real story of housing transformation and opportunity14:10 Managing risk and operations in shared housing20:27 Group Home on Autopilot explained24:52 Community impact and neighborhood responsibility26:28 Turning one property into a legacy assetLegacy Building Takeaway:"Because I've documented all of the processes, I can take that and give that to my daughters, and I have given them a business and 15 doors now." " - Katrina Robinson-Connect with Katrina:Website: grouphomeonautopilot.comYouTube: Group Home On AutopilotConnect with Corwyn:Contact Number: 843-619-3005Instagram:⁠ https://www.instagram.com/exitstrategiesradioshow/⁠FB Page:⁠ https://www.facebook.com/exitstrategiessc/⁠Youtube:⁠ https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA⁠Website:⁠ https://www.exitstrategiesradioshow.com⁠Linkedin:⁠ https://www.linkedin.com/in/cmelette/⁠Shoutout to our Sponsor: Country Boy HomesDo you remember your grandma's front porch? You know that spot where stories were told, kisses were stolen, and sweet tea was always being sipped. Now imagine giving your family a place to make those same memories, but in a brand new, energy-efficient, and home that was built just for you. At Country Boy Homes, we help folks just like you find that forever feeling.Whether it's your first home, your next home, or your, we're done with rent forever, like,  seriously home, we specialize in affordable, durable, manufactured, and modular homes, the kind that make room for muddy boots, big dreams, and second helpings. Come see what coming home really feels like. Call 843-574-8979 today.Country Boy Homes, Built to Last, Priced for You.

In this episode of In The Lab, Ruben sits down with investor-focused lender Ben Stef to unpack the lending side of real estate that most investors rarely take advantage of. From growing up working construction jobs to building a business helping investors access capital, Ben shares the lessons, mindset shifts, and sales skills that shaped his journey into the world of real estate finance.The conversation dives deep into one of the biggest opportunities entrepreneurs and investors can make to tap into the hidden equity in their rentals as hidden leverage regardless of the economy, interest rates, or market conditions. Ben breaks down why successful operators thrive in every market cycle and how focusing on marketing, relationships, and consistent action often matters far more than external conditions.Ruben and Ben also pull back the curtain on how lending actually works behind the scenes. From underwriting, servicing, and investor financing to creative lending solutions, they discuss the realities most borrowers never see. Ben shares one of his favorite products for investors sitting on significant equity but lacking access to traditional financing, along with the mindset required to use leverage responsibly.Tune in now to learn how lenders evaluate risk, why ownership beats excuses, how to think about return on equity, and the strategies experienced investors use to unlock capital and continue scaling their real estate portfolios.Keeping it Real:04:35 – Sales skills learned through telemarketing08:20 – Get close to people already doing what you want to do09:26 – Why business forces personal growth10:50 – The power of extreme ownership13:33 – Are interest rates actually high?15:23 – The real reason business feels slow20:00 – How underwriting really works behind the scenes22:31 – What happens when borrowers miss payments25:31 – What loan servicing actually means29:20 – Building customer loyalty through relationships31:58 – The immigrant hospitality advantage in business36:08 – Why Ben tells some clients NOT to take loans37:45 – Products vs people: what really differentiates you41:14 – The investor HELOC most owners don't know exists45:23 – Return on Equity vs Return on Investment50:59 – Why lenders are willing to take second position55:57 – Play defense before you play offense58:22 – Asset class vs business owner mindset01:00:28 – Why old real estate advice no longer applies01:01:18 – The three people every entrepreneur needs around them #RealEstateInvesting #InvestorFinancing #HELOC #DSCRLoans #EntrepreneurMindset #WealthBuilding #FinancialFreedom #RealEstateBusiness #BusinessGrowth #InTheLab CONNECT WITH THE GUESTWebsite: https://www.fundingfreedom.net/Linkedin: https://www.linkedin.com/in/benjamin-stef-b0b741275/

On this episode of Zen and the Art of Real Estate Investing, Jonathan Greene sits down with Scott Carson, known throughout the industry as "The Note Guy", to explore one of real estate's most misunderstood investment strategies: non-performing notes. Scott shares how his own experience with overleveraging into rental properties and facing financial hardship became the foundation for building a business around distressed debt, helping homeowners stay in their homes while creating profitable opportunities for investors. Scott explains what note investing actually is and why so many people misunderstand the asset class. Instead of owning and managing property directly, note investors purchase the debt secured by real estate, often at a discount, and step into the lender's position. That opens the door to restructuring loans, modifying payments, negotiating exits, and in many cases keeping borrowers in their homes while generating strong returns. The conversation dives into where note investors fit in the foreclosure process and how they work with distressed homeowners. Scott walks through how lenders decide to sell non-performing loans, why flexibility matters once notes are acquired, and how loan modifications can create better outcomes for everyone involved, including homeowners, neighborhoods, and investors. Jonathan and Scott also discuss the realities of foreclosure, borrower psychology, and why empathy and business discipline both matter when navigating financial hardship. Scott also shares practical advice for investors interested in entering the note space, including where to find opportunities, how to think about evaluating deals, and why building relationships matters more than chasing flashy opportunities online. They explore why many investors migrate into notes after difficult experiences with other real estate strategies and how note investing can offer a more scalable and operationally efficient approach for those willing to learn the process. In this episode, you will hear: • How Scott's experience facing foreclosure led him into note investing • Why buying debt creates different opportunities than buying real estate directly • How loan modifications can help homeowners while improving investor returns • Where investors can find note opportunities and build relationships with lenders • Why successful note investing requires process, patience, and long-term thinking Follow and Review If you enjoy the show, please follow Zen and the Art of Real Estate Investing on Apple Podcasts and leave a rating and review. It helps other listeners discover the show and supports its continued growth. Supporting Resources Connect with Scott: Website - http://WeCloseNotes.com  Youtube - http://WeCloseNotes.tv  Facebook - http://Facebook.com/1scottcarson  Instagram - http://instagram.com/1scottcarson  LinkedIn - https://www.linkedin.com/in/1scottcarson/  Connect with Jonathan: Podcast - www.zenandtheartofrealestateinvesting.com YouTube - www.youtube.com/JonathanGreenere Instagram - www.instagram.com/zenrealestateinvesting Instagram - www.instagram.com/trustgreene Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/zenandtheartofrealestateinvesting Jonathan's Hub Site - www.trustgreene.com Brokerage - https://www.streamlined.properties This episode was produced by Outlier Audio.

He had $300 to his name, sleeping on a mate's floor in Perth, Australia. Then a stranger in an empty pub changed everything — and 23 years later he owns 46 properties and manages 800 more.

Would you like access to our advanced agency training for FREE? https://www.agencymastery360.com/training Are you trying to sell a service so specialized that closing new clients feels like it can only come from you? What do you think about how AI is reshaping your industry and where that leaves the human at the center of it? Today's featured guest came up through luxury automotive, spent years learning how cultural nuance can derail a campaign that looks perfect on paper, and built a niche precise enough that she can spot from two miles away when someone writing about influencer marketing has never actually run a campaign. In this episode, she'll discuss what makes international influencer work fundamentally different from domestic campaigns and what AI-generated influencers mean for an industry built on human authenticity. Jeanette Okwu is the founder and CEO of Beyond Influence, an influencer marketing agency based in Berlin. Her background spans social media strategy, brand research, and influencer marketing across luxury automotive brands including Jaguar Land Rover and Mercedes-Benz. That global scope became the foundation for her agency's core differentiation: running influencer campaigns that actually account for cultural nuance in each market rather than pushing a headquarters strategy downward and hoping it lands. In this episode, we'll discuss: Building international campaigns understanding regional nuances How to overcome the expert-owner bottleneck problem Can AI influencers replace real ones? Subscribe Apple | Spotify | iHeart Radio Sponsors and Resources This episode is brought to you by Wix Studio: If you're leveling up your team and your client experience, your site builder should keep up too. That's why successful agencies use Wix Studio — built to adapt the way your agency does: AI-powered site mapping, responsive design, flexible workflows, and scalable CMS tools so you spend less on plugins and more on growth. Ready to design faster and smarter? Go to wix.com/studio to get started. Why International Campaigns Break When You Treat Every Market the Same Early in her career, Jeanette managed 24 markets at Jaguar Land Rover, which helped her understand that what works in one country does not translate by default. A TV spot that runs cleanly in Europe cannot air in the Middle East if it shows upper arms or alcohol. A campaign strategy built at headquarters and handed down to regional teams will get implemented, but it will not perform, because every market has cultural specifics that only someone operating inside that market will catch. The agency she built is the direct expression of that knowledge. Beyond Influence does not run German campaigns and call it international work. It builds campaigns from the ground up with an understanding of how audiences in each target market actually consume content and what they expect from the creators they follow. That distinction is hard to replicate without the years of field experience behind it, and it is exactly the kind of institutional knowledge that becomes a real moat when the rest of the market is running generic global strategies. The Sales Bottleneck That Comes With Deep Expertise Jeanette is candid about where she is stuck: sales still runs through her. This is something she has tried to change, but influencer marketing is still a new enough discipline that clients want to hear from someone who demonstrably knows what they are talking about. She frames it as expertise selling and she is probably right that some of it is structural to the space. But she also hears herself in the answer, acknowledging a degree of control that she knows is not fully serving the agency's ability to grow. The necessary shift in cases like this doesn't point toward finding a salesperson who already knows influencer marketing. The real solution will come from finding someone with the right consultative instincts and then giving them the success stories and methodology that let them carry the conversation. Such is the case of Darby, our agency scale specialist, who did not know what an agency was before joining the team. What he had was the ability to listen, qualify, and translate client pain into a path forward. That skill can be trained on the specifics. The instinct behind it cannot. What AI Influencers Actually Mean for the Industry Jeanette knows the question that is currently on every client's mind: will AI-generated influencers replace the real ones? Her answer is more nuanced than the headlines. AI avatars already perform comparably to human creators on certain content types. Brands are building owned avatars that show up on time, never gain weight, never create a scandal, and can post from six locations simultaneously without a travel budget. That part of the market is real and growing. What AI cannot replicate is the reason people follow a creator in the first place. The parasocial relationship that makes influencer marketing work is built on the sense that the person on screen is real and reachable. When a follower knows they will never be able to meet the creator, the connection breaks. That is the line Jeanette draws: AI content can perform well for product exposure, but for the kind of community trust that turns followers into buyers over time, the human at the center still matters. The agencies that understand where that line sits will be the ones helping brands draw it correctly rather than chasing the cost savings of going fully artificial before the audience has stopped caring about the difference. Do You Want to Transform Your Agency from a Liability to an Asset? Looking to dig deeper into your agency's potential? Check out our Agency Blueprint. Designed for agency owners like you, our Agency Blueprint helps you uncover growth opportunities, tackle obstacles, and craft a customized blueprint for your agency's success.

Check out our NEW Vetted Merch Store: https://vettedmerch.storePatrick discusses bombshell comments made by former chief scientist Bob McGwier in an X Space claiming that he and former skywatcher psionic asset Mike Battista summoned a UFO, captured on video the UFO landing with two beings stepping out and that the video will be released to the public.

Could a little-known tax strategy save you thousands in retirement? In this episode of the Wise Money Show, we break down Net Unrealized Appreciation (NUA)—an advanced 401(k) strategy that can help reduce taxes on highly appreciated company stock. Learn how NUA works, who may benefit from it, the potential pitfalls to avoid, and why careful planning before retirement is essential. If you have company stock in your 401(k) or are approaching retirement, this is an episode you won't want to miss. Season 11, Episode 44 Download our FREE 5-Factor Retirement guide: https://wisemoneyguides.com/    Schedule a meeting with one of our CERTIFIED FINANCIAL PLANNERS™: https://www.korhorn.com/schedule-a-call/  or call 574-247-5898.   Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Listen on podcast: https://pod.link/1040619718   Watch this episode on YouTube: https://youtu.be/ypDkTyaIUG0  Submit a question for the show: https://www.korhorn.com/ask-a-question/   Read the Wise Money Blog: https://www.korhorn.com/wise-money-blog/    Connect with us: Facebook - https://www.facebook.com/WiseMoneyShow  Instagram - https://www.instagram.com/wisemoneyshow/    Kevin Korhorn, CFP® offers securities through Silver Oak Securities, Inc., Member FINRA/SIPC. Kevin offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. KFG Wealth Management, LLC dba Korhorn Financial Group and Silver Oak Securities, Inc. are not affiliated. Mike Bernard, CFP® and Joshua Gregory, CFP® offer advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results. Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.

In this weekend's show, we take a step back from the daily price grinds to examine the massive, structural shifts occurring across the metals and...

In this weekend's show, we take a step back from the daily price grinds to examine the massive, structural shifts occurring across the metals and energy markets. From re-valued investor psychology to geopolitical choke points, the big picture is anything but quiet.    Segment 1 & 2 - Jeff Christian, managing partner at the CPM Group, kicks off the show to discuss structural changes and evolving investor psychology within the precious metals market. He highlights how robust investment demand is driving a long-term upward revaluation of assets like gold and silver, which he expects will lead to higher average prices despite short-term corrections.  Click here to visit the CPM Group website to learn more about the firm - https://cpmgroup.com/   Segment 3 & 4 - Dan Steffens, President of the Energy Prospectus Group, discusses the current volatility in the energy sector, highlighting the critical decline in domestic and global oil inventories despite recent diplomatic developments. He also provides an outlook on the financial resilience of upstream companies, emphasizing the strong dividend yields and growth potential within the oil services and natural gas markets.  Click here to visit the Energy Prospectus Group website for more energy market and stock analysis - http://www.energyprospectus.com/   If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don't forget to subscribe and leave us a review!   For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/   Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.  

#725: Most people assume their financial advisor is legally required to put their interests first. That's not always true. Andrea Baumann Lustig, a wealth advisor with 30 years of experience, joins us to walk through the blind spots she sees most often in legacy planning -- the deeply held beliefs that quietly undermine people's financial futures. We start with something most people never think to ask: how is your advisor actually registered? There are three categories. Registered representatives (stockbrokers) are held to a "best interest" standard - but they don't have to disclose when they earn a higher commission for recommending a specific investment. Fiduciaries are held to a stricter standard - they must put your interests ahead of their own. And 45 percent of advisors are dually registered, meaning they can switch between those two standards depending on which account they're discussing with you. Most clients have no idea this is happening. From there, we dig into what Lustig calls the "quarterback" problem. Many people have a financial advisor, an estate planning attorney, an accountant, and an insurance agent - but those specialists never talk to each other. Without someone coordinating the full picture, opportunities get missed and risks go unseen. We also talk through what happens when people try to manage everything themselves, why having multiple investment advisors can actually backfire (think: wash sale rule violations and hidden concentration risk), and why a revocable trust matters even if you don't think you're wealthy enough to need one. Lustig explains the three Ps a revocable trust protects against - probate, incapacitation, and privacy - and why even people in their 30s and 40s should consider setting one up now. The conversation closes with advice for small business owners on how to think about a business that might not be sellable - and how to plan around it anyway. Timestamps: Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. (00:00) Intro (06:52) Three types of financial advisors explained (09:11) Fiduciary vs. best interest standard (15:21) Dangers of dually registered advisors (19:26) Why you need a planning quarterback (24:42) Risks of using multiple investment advisors (37:10) Who benefits from holistic wealth management (40:50) The three Ps of a revocable trust (44:19) Returning to the blind spots overview (47:40) Risks of managing money yourself (57:13) Key questions to ask a new advisor (1:05:34) Index funds vs. active management (1:12:04) Asset allocation and rebalancing strategy (1:21:10) Legacy planning for small business owners (1:27:54) How to spot your own blind spots Resources: Book: Legacy on the Line: Overcome Blind Spots to Grow and Transfer Your Wealth by Andrea Baumann Lustig Free download: The FiiRE Playbook Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this episode, Ben Felix and Ben Wilson tackle a wide range of listener questions covering portfolio construction, home-country bias, currency exposure, ETF selection, retirement decumulation, leasing versus buying a car, discounted cash flow valuations, and the real work of portfolio management. Along the way, they revisit the Rational Reminder model portfolios, discuss how new products like CAGE have changed the DIY investing landscape, and explore whether Warren Buffett's long-term record still provides evidence that active management can outperform. The conversation also offers a behind-the-scenes look at PWL Capital's planning-centric approach to wealth management and why helping clients make better financial decisions often matters more than portfolio construction itself. Key Points From This Episode: (0:28) Why AMA episodes have become less frequent despite hundreds of listener questions waiting to be answered.  (2:07) Ben shares observations from PWL's growing institutional investment business and why low-cost, planning-focused institutional advice remains surprisingly rare.  (6:37) Revisiting the original Rational Reminder model portfolios and how newer products have simplified implementation.  (10:09) Should U.S. investors underweight the U.S. market relative to global market-cap weights?  (11:07) Research, home-country bias, and Ken French's arguments for overweighting domestic stocks.  (18:11) Asset-allocation ETFs in retirement: Is there any benefit to separating stocks and bonds during withdrawals?  (21:03) Leasing versus buying a vehicle, opportunity costs, depreciation, and convenience.  (26:13) Currency exposure, RRSPs, withholding taxes, and common misconceptions about USD-denominated ETFs.  (30:30) If Dimensional funds were unavailable, what would Ben choose instead?  (31:26) Are there any popular ETFs investors should avoid? A look at Canada's largest ETF holdings.  (38:28) Why discounted cash flow models often produce wildly different valuation estimates.  (41:47) What portfolio managers at PWL actually do when they are not trying to beat the market.  (45:57) Concentrated stock positions, client coaching, and helping investors make better long-term decisions.  (50:02) Why financial planning questions are often portfolio management questions—and vice versa.  (52:53) Helping clients navigate the transition from wealth accumulation to wealth preservation and spending.  (58:06) Revisiting Berkshire Hathaway's long-term performance versus broad-market index funds.  (1:02:35) The challenges of active management as assets under management grow larger.  (1:04:22) Aftershow: Ben reflects on his experience appearing on Diary of a CEO with Steven Bartlett. Links From Today's Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on YouTube — https://www.youtube.com/channel/ Benjamin Felix — https://pwlcapital.com/our-team/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com)  

Don and Tom take on one of investors' biggest blind spots: focusing on tiny costs while ignoring the factors that have a far greater impact on long-term wealth. Using a recent Jason Zweig article as a springboard, they explain how taxes can reduce stock market returns far more than the difference between low-cost fund expense ratios. The discussion covers tax-efficient investing, asset location, ETFs versus mutual funds, dividend taxation, capital gains, and why investors should pay more attention to portfolio design than chasing the lowest possible expense ratio. They also dissect a highly tax-inefficient YieldMax fund tied to MicroStrategy and Bitcoin, illustrating how taxes and poor fund structure can devastate returns. Listener questions cover Morningstar's acquisition of CRSP indexes and whether it threatens Vanguard investors, plus whether a retiree working part-time can contribute earned income to a Roth IRA.0:05 Big-picture investing versus obsessing over tiny details0:39 Why fund expense ratios matter less than most investors think2:06 Jason Zweig's research on taxes reducing long-term market returns3:20 How taxes often outweigh fund expense differences4:06 Qualified dividends versus ordinary income taxation5:03 Why investors should pay attention to after-tax returns5:40 YieldMax funds and the hidden cost of tax inefficiency7:19 The dangers of exotic income-focused ETFs7:48 Why ETFs can be more tax-efficient than mutual funds9:15 Tax knowledge as a critical investing skill10:30 Asset location: where stocks and bonds belong11:20 The YieldMax MicroStrategy fund and Bitcoin losses11:58 The truly important parts of financial planning13:15 Listener question from Longmont, Colorado14:17 Morningstar, CRSP indexes, and Vanguard concerns16:00 Why market-cap indexes are unlikely to be manipulated17:16 Morningstar ratings and conflicts of interest discussion17:58 Thoughts on the military-industrial complex19:23 UFL football, soccer, and sports tangents20:47 Listener question about Roth IRA contributions from part-time work21:30 Filing thresholds and earned income requirements for Roth IRAs23:21 Listener questions, voice submissions, and website tools24:08 AI voices and synthetic Don McDonald25:59 Romper Room memories and closing banterQuestions? Comments? Click!

MESMO COM A SELIC ALTA, O MERCADO DE CRÉDITO SEGUE COM OPORTUNIDADESNeste episódio do Stock Pickers, Marcelo Urbano Dias, gestor de crédito privado multiestratégia da XP Asset Management, analisa o momento atual do mercado de crédito e explica como investidores estão navegando um ambiente de Selic elevada, spreads atrativos e maior seletividade na concessão de crédito.Em um cenário de juros altos e incertezas econômicas, entender o futuro do mercado de crédito pode ser uma das chaves para encontrar as melhores oportunidades dos próximos anos.

After nearly four months of fighting, the U.S. and Iran agreed to a framework. Markets reacted: oil fell, equities hit record highs, and Treasury yields and inflation expectations eased. We break down the impact across markets and what it means for the Fed going forward. To read this week's Sight|Lines, click here. The views expressed in this podcast may not necessarily reflect the views of Stifel Financial Corp. or its affiliates (collectively, Stifel). This communication is provided for information purposes only. Past performance does not guarantee future results. Investing involves risk, including the possible loss of principal. Asset allocation and diversification do not ensure a profit or protect against loss. © Stifel, Nicolaus & Company, Incorporated | Member SIPC & NYSE | www.stifel.com See omnystudio.com/listener for privacy information.

Adam Haman helps Bob dissect a recent episode of the Coleman Hughes show, where he interviewed Iman Virjee on his new book on asset bubbles. Bob clarifies the description, and then pushes back on Virjee's analysis of the Great Depression.Mentioned in the Episode and Other Links of Interest:The YouTube version of this episode.Coleman Hughes' interview of Aman Virjee.This episode's sponsor, the free Plan-B guide from ExPatMoney.Bob's article on the Depression of 1920-1921. Bob's book on the Great Depression. Bob's presentation on theories of the Depression.The HamanNature substack.Help support the Bob Murphy Show.

Would you like access to our advanced agency training for FREE? https://www.agencymastery360.com/training Have you ever sensed that you and your business partner want different things, but neither of you has been willing to say it out loud yet? Today's featured guest bought out his co-founder in 2020. During a pandemic and two months after his first child was born. In this episode, he walks through what that transition actually required, how a black widow client almost derailed the whole thing, why niching into healthcare unlocked a sales clarity he had never had before, and more. Tim Bouchard is the owner and CEO of Luminus, a healthcare marketing agency based in Buffalo, New York, that delivers optimized marketing campaigns that capture the imagination of their audience and successfully convert them to prospects. Tim started the agency in 2010 alongside a co-founder, having come up through web design and digital development. After 10 years in partnership, a difference in vision and personal direction led to a buyout in late 2020, which Tim financed through an SBA loan while managing a new baby, a pandemic, and a client that represented 38% of agency revenue. He is now five and a half years post-buyout, has a core team that has been with him through the transition, and has fully committed Luminus to the healthcare niche. In this episode, we'll discuss: The first order of business post-buyout The black widow client problem Niching down into healthcare Subscribe Apple | Spotify | iHeart Radio Sponsors and Resources E2M Solutions: Today's episode of the Smart Agency Masterclass is sponsored by E2M Solutions, a web design and development agency that has provided white-label services for the past 10 years to agencies all over the world. Check out e2msolutions.com/smartagency and get 10% off for the first three months of service. What Nobody Tells You About the First Six Months After a Buyout Tim's instinct after the papers were signed was that the agency would feel like his within a few months. The vision was clear. What he did not anticipate was that none of the work he actually wanted to do could happen yet. The first order of business was not building toward a new direction. It was stabilizing what already existed. Client relationships had to be managed carefully, particularly with the black widow account that accounted for 38% of monthly billings. The team had to be reassured that the transition was amicable and not a signal that the agency was in trouble. Production gaps left by the departing partner had to be filled through promotion and new hires, all in the middle of COVID hiring conditions, with an SBA loan payment already running. As a result, the feeling that he had actually built the foundation he wanted did not arrive until roughly two and a half years after the buyout closed. The expectation that structural change happens quickly is one of the most expensive assumptions a founder can carry into a transition. The Black Widow Problem and What It Revealed About a year and a half after the buyout, the client representing 38% of Luminus' revenue left. What that exit revealed was that the entire team structure had been built around servicing that client. Two account people for a sub-million-dollar agency made sense when a single client demanded that level of coverage. It made no sense for what the agency actually needed to become. The loss forced a cleaner look at which people, processes, and positions belonged in the agency Tim wanted to build versus the one he had inherited through the transition. Four core team members who had been with him for eight or more years remained. Positions that had been built around the black widow were eliminated. That kind of correction is painful, and it is also necessary. An agency that has never stress-tested its structure tends to discover what does not belong only when something large enough forces the question. What Niching Into Healthcare Actually Unlocked Tim resisted narrowing down for the same reason most agency owners do: it felt like reducing the addressable market and therefore reducing the chance of success. The shift into healthcare happened only after the post-buyout chaos had settled and he could see clearly what the agency was actually good at. The downstream effects were not subtle. Sales conversations became easier because the problem was always the same. Content development became possible because the topics did not change from client to client. The sales message stopped being a generic positioning statement about branding and became something specific enough to open a door: a healthcare practice owner can hear "I might be able to help you with compliance" and immediately understand what is being offered. That kind of entry point does not exist for a generalist agency, because a generalist has no right to claim expertise in any single area. The niche gave Tim something specific to stand on, and that specificity is what allowed Luminus to sell nationally instead of depending on local referrals from Buffalo. Building a Team That Owns Its Own Processes Tim advocates for being transparent with your team as a way to create real ownership of the work. Quarterly financials are shared. Profit sharing is tied to net profit, and the team is updated on that number throughout the year. Client relationship status is visible. When people can see the whole picture, they make better decisions within their own roles without needing to ask. The same principle applies to how SOPs and technology choices get built at Luminus. Tim does not hand down a finished process and tell the team to follow it. He invites the relevant people into the build, acts as a guide and quality check, and then hands ownership back to the team. The process they build is theirs. They understand it because they made it. A process handed down from the founder gets followed when the founder is watching. A process built by the team becomes part of how they work. Do You Want to Transform Your Agency from a Liability to an Asset? Looking to dig deeper into your agency's potential? Check out our Agency Blueprint. Designed for agency owners like you, our Agency Blueprint helps you uncover growth opportunities, tackle obstacles, and craft a customized blueprint for your agency's success.

In this episode, Dedicated Logistics Partner's CEO Chris Barnard joins us to share what it really takes to navigate today's logistics market, scaling from small delivery routes to robust fleet ownership! Our conversation cuts straight to the core of building long-term partnership networks, achieving carrier density, and mastering the high-growth final mile sector through dedicated, just-in-time inventory services. Chris also shares his unfiltered perspective on why true logistics leaders must defy basic logic, remain entirely selfless, and prioritize customer trust above short-term margins!   About Chris Barnard Chris is the Founder and CEO of DLP. He launched the company in 2017 with a single operation in Allentown, PA and has since expanded it into a multi-region logistics platform operating across the Northeast and Southeast. With over 30 years in transportation, Chris began his career at Airborne Express in Ft. Lauderdale and went on to lead regional operations for DHL Supply Chain. His leadership style is hands-on, disciplined, and rooted in execution. Chris now focuses on strategic growth, acquisitions, and building long-term contract partnerships.   Connect with Chris Website: https://www.dlp31.org/  Email: chris@dlp31.com  

Most business owners spend years building wealth but very little time protecting it.In this episode of Grow Your Business & Grow Your Wealth, Gary Heldt sits down with attorney Blake Harris to discuss asset protection, offshore trusts, lawsuit prevention, and the strategies successful entrepreneurs use to protect what they have worked so hard to build.Blake explains why asset protection is not just for the ultra-wealthy, how lawsuits can affect business owners of all sizes, and why proactive planning often makes the difference between preserving assets and losing them. He also shares practical insights into trusts, LLCs, offshore structures, and evaluating professionals who claim to be asset protection experts.Key Takeaways• Many business owners wait too long to implement asset protection strategies.• Asset protection is about proactively arranging assets before legal issues arise.• Offshore trusts often provide stronger protection than domestic trusts.• Proper funding of trusts and business structures is essential for effectiveness.• Verifying an attorney's credentials, reputation, and experience is critical before engaging their services.• Asset protection planning can provide both financial security and peace of mind.Connect with Blake HarrisWebsite: https://blakeharrislaw.comLinkedIn: https://www.linkedin.com/in/blakeharrislawConnect with Gary HeldtVisit Gary Heldt's website at https://www.sbadvisors.cc/Connect with Gary on LinkedIn: https://www.linkedin.com/in/gary-d-heldt-jr/

Get in touch - leave me a messageWhat if one of the biggest climate risks in your portfolio is hiding in plain sight — in food, land, methane, and animal-dependent industries?In this episode of Climate Confident, I'm joined by Claire Smith, founder and CEO of Beyond Investing, to unpack why climate finance cannot stop at fossil fuels. Claire has spent years building investment products that screen for animal use, climate impact, weapons, defence, human rights issues, and risks mainstream ESG too often waves through with a clean conscience and a spreadsheet.You'll hear why Claire believes animal agriculture is a broken business model, propped up by subsidies and exposed to stranded asset risk in ways that echo the fossil fuel sector. We dig into how food systems connect to methane, water use, land use, biodiversity loss, emissions reduction, and supply chain fragility — and why treating food as a side issue in the energy transition is a mistake.You might be shocked to learn that animal agriculture uses around 75% of agricultural land while producing only 18% of calories. We also explore where climate tech, policy, and capital could help scale animal-free alternatives and resilient food systems that support decarbonisation, net zero, and real-world climate action.

What if getting financially clear had less to do with being a "numbers person" and more to do with leading your practice with confidence? In this episode, Tracy Cherpeski sits down with Luisa Alberto, CEO of People First Finance, People First Foundations, and Kindredly — three companies built around making self-employment less overwhelming and more sustainable.  Luisa shares her own path from philosophy student to business finance expert, and why she believes that financial clarity is one of the most underrated leadership tools a practice owner can develop. She breaks down the real cost of doing it all yourself — from missed compliance to the emotional weight of carrying unresolved financial questions — and explains why knowing the difference between a bookkeeper, a CPA, and a CFO could be what stands between a practice you love and one that slowly drains you.  You'll also hear why building your practice to be a sellable asset matters from day one, and what "burnout brain" looks like — and costs — when you're trying to make strategic decisions from a depleted place. Partingadvice: keep going.   Read the full show notes, memorable quotes, and key takeaways.  Find Luisa:  Websites: PeopleFirstFinance.com LuisaKAlberto.com  LinkedIn  Instagram @peoplefirstfinance   Connect With Us:  Be a Guest on the Show  Thriving Practice Community  Schedule Strategy Session with Tracy  Tracy's LinkedIn  Business LinkedIn Page 

ADUs are one of the easiest ways to turn unused backyard space into monthly cash flow. Instead of buying another property, you can add a rental unit and create a second income stream on the same lot. Smart investors use ADUs to increase property value, boost rental income, and build wealth faster.

David Daoud explains that reports of an upcoming memo of understanding between the U.S. and Iran are contradicted by Israel's refusal to leave Lebanon. Iran aims to save Hezbollah, its most critical asset, while the U.S. seeks a modus vivendi with the regime at almost any cost. (11)1898 LEBANON

If you are within three feet of Ed Mathews, you are probably talking about real estate. This week the conversation is with Tom Dunkel, managing principal at Eagle Capital Investments, and it is a clinic in how to vet a deal before a dollar leaves your account. Tom has been a full-time investor for two decades. Over that span he has raised more than $50 million in private capital from a network of investors who lean on his experience to place money into alternatives most people never see: multifamily, self-storage, mobile home parks, medical office, and private lending. His pitch is simple. Real diversification is not large cap versus small cap or value versus growth. It is owning assets that do not move when a headline does. As Tom puts it, a tsunami hitting Japan can knock the stock market down 15 percent overnight, but it does nothing to an apartment building in Phoenix or a storage facility in North Carolina. The backbone of the episode is Tom's SAFE Investing Method, the same screen he uses every day. S is for sponsor: who are you writing the check to, what is their track record, and have you earned the right to ask the hard questions. A is for asset: if you cannot explain the investment to your kid or your elderly parent, you do not understand it well enough to fund it. F is for financials: do the projections hold up, and has this sponsor actually hit numbers like these before. E is for exit: you cannot click your way out of a syndication on a Tuesday afternoon, so you need to know exactly what has to happen, and over what time horizon, before your money comes back. Then Tom goes off the mainstream script on taxes. The standard advice is to 1031 exchange again and again until you die and hand your heirs a stepped-up basis. Tom's question is blunt: do you really want to be managing properties at 90 the way his mother could be. He prefers the lazy man's 1031, taking the gain, then using fresh depreciation from the next deal to shelter income, all without the rigid timelines and same-title rules that make a true 1031 nearly impossible across a group of 20 or 30 investors. Pay the freedom tax, he argues, and buy yourself passive income and time. The buy box conversation is just as practical. Tom likes private lending for first-position security and monthly checks. He likes mobile home parks and co-living because they answer the housing affordability crisis with real, unsubsidized supply, and he breaks down how a Philadelphia operator turns a $1,000 row home into $3,000 a month by renting furnished rooms to tenants on fixed income. He covers where self-storage sits after its boom and consolidation, and why he treats it like multifamily underwriting now. On technology, Tom is candid that he is still early but already getting leverage from AI. His current workflow is to go back and forth with Claude to build a long, specific prompt, then hand it to Manus for deep research on a market like Phoenix multifamily. He even has an AI clone at tomdunkel.ai that will answer your investing questions, as long as you do not bring up the Eagles. The lightning round digs into purpose beyond family, the best advice he ever got from a nine-figure investor, a job he probably should have turned down, and how he defines success now as an empty nester: geographic and time freedom, plus the room to give back through Tunnel to Towers and a scholarship he started for a friend lost to ALS. Find Tom at investwitheagle.com, grab his book The Wealth Builder's Playbook, or talk to his clone at tomdunkel.ai. Chapters 00:00 Don't let the tax tail wag the freedom dog 01:00 Meet Tom Dunkel and Eagle Capital Investments 03:00 Why true diversification lives outside the stock market 04:00 The SAFE Investing Method: Sponsor, Asset, Financials, Exit 08:00 Taxes and the lazy man's 1031 exchange 13:00 The Wealth Builder's Playbook and being the "who" 17:00 The buy box: mobile home parks, co-living, multifamily 22:00 Where self-storage sits after the boom 24:00 Using Claude and Manus to move faster 27:00 Lightning round: purpose, significance, and legacy 30:00 The best advice he ever got 33:00 A decision he would take back 34:00 On the nightstand: Invest Like a Billionaire 36:00 Defining success as an empty nester 38:00 Golf, a rock and roll cover band, and where to find Tom This week's book: Invest Like a Billionaire: Unlocking the Wealth Secrets of the Ultra-Rich by Bob Fraser and Ben Fraser https://www.amazon.com/dp/B0F3W2SNDS?tag=clarkstholdin-20 More Real Estate Underground episodes: clarkst.com/podcast Elevista: elevista.com/podcast Elevista - Speed as a Service™Elevista Connect is the first AI-powered lead conversion system built for real estate investors.

In this premiere episode of Partner Perspectives, a special miniseries within the Look Forward podcast, host Molly Mintz examines how private markets are reshaping capital formation, portfolio construction, and long-term investment strategy. Drawing on S&P Global and Vanguard's joint research, Partner Perspectives: Unlocking Potential Ahead, this conversation explores why companies are staying private longer, how private equity has expanded in scale and influence, and what today's higher-rate environment means for returns and risk.  Vanguard's Bill Stout outlines an optimistic but measured view on private equity—emphasizing that disciplined underwriting, operational execution, diversification, and manager selection matter more than ever as the era of easy exits fades.  S&P Global's Evan Gunter and Ilja Hauerhof discuss private credit's rapid expansion, the rising trend of manager concentration, and how asset-based finance has emerged as a major growth engine. In addition, they highlight risks that are shaping this market evolution—including liquidity constraints and structural complexity—and explain why greater transparency, standardized reporting, and data-driven insights will be essential to unlocking the next phase of private market growth.   Chapters:  [00:00] - Introduction to Partner Perspectives and the future of private markets  [02:55] - Bill Stout on how capital formation has shifted from public to private markets  [05:15] - The biggest risks facing private equity in a higher-rate, slower-exit environment  [07:25] - Public vs. private equity performance, illiquidity premiums, and return dispersion  [08:50] - Why Vanguard's outlook for private equity is optimistic but measured   [10:55] - The case for manager selection and diversification across strategies, vintages, and regions  [13:25] - What's next: secondaries, democratized access, and fee compression  [16:15] - Transition to private credit with Evan Gunter and Ilja Hauerhof  [17:45] - How private credit evolved after the GFC and why private companies are getting bigger  [20:35] - Concentration risk and the growing dominance of the top five credit managers  [22:45] - Asset-based finance, fund finance, and infrastructure as the next frontier  [27:35] - Key risks in private credit: liquidity, transparency, and complexity  [32:35] - Why standardized data and clearer reporting are critical for future growth  [35:15] - Final takeaways and where to find more research from S&P Global and Vanguard  This podcast was authored by a cross-section of representatives from S&P Global and in certain circumstances external guest authors. The views expressed are those of the authors and do not necessarily reflect the views or positions of any entities they represent and are not necessarily reflected in the products and services those entities offer. This research is a publication of S&P Global and does not comment on current or future credit ratings or credit rating methodologies. 

Most property investors obsess over growth and yield, but the single biggest blind spot in any property strategy has nothing to do with acquisitions – it's what happens when life suddenly forces everything to stop. On The Property Nerds Podcast, Arjun Paliwal, Jack Fouracre, Adrian Lee, and Chris Seneviratne make the case that personal insurance isn't a side conversation but one of the most critical and consistently ignored pillars of any serious property strategy. The conversation reveals a dangerous pattern as investors carry enormous debt with virtually no protection over the income that services it, leaving everything they've built exposed to illness, disability, or sudden loss of earning capacity. Seneviratne shares how personal insurance, including life, total and permanent disability (TPD), trauma, and income protection, is designed to protect not just individuals, but the property portfolios built around them. A powerful real-life case study highlighting how the right cover can completely change outcomes during a crisis, allowing families to maintain stability even when facing devastating health challenges. The episode also challenges common misconceptions, including reliance on superannuation cover and the assumption that insurance is unnecessary until later in life, when costs and exclusions are often higher.

"There's a time when an exit is going to be inevitable — there may not be a time certain, but there is a time." Host Laurie Barkman reunites with Chip Scholz, founder of Scholz and Associates and author of Small Decisions, Big Shifts and the upcoming Handoffs, for a deeply personal and insightful conversation about the hidden leadership mistakes that quietly destroy business succession plans. Chip has spent nearly 30 years coaching executives and family business leaders through some of the most complex transitions in business — and he first met Laurie 13 years ago when she was a CEO candidate in a third-generation family business. Together they explore what great leadership evaluation looks like, why founders hold on too long, how hubris silently collapses delegation and decision-making, and the three stages every leader goes through on the road to retirement. Chip shares what he's learned — and what he's still learning — about the small decisions that ultimately create the biggest shifts.   Key Insights Culture fit is the foundation of every great leadership hire. The best organizations are people-oriented and performance-driven — in that order. When performance leads and people follow, bad things happen. Every hire, especially at the CEO level, should be evaluated through three lenses: strengths, motivations, and fit. Viewing the business as an asset — not a legacy — is what makes a clean exit possible. Founders who treat their company as an asset can make clear-headed decisions about growth, transition, and sale. Those who treat it purely as a legacy often hold on too long, stall the next generation, and turn what was once a strength into a bottleneck. Hubris is the silent killer of succession. When leaders believe they are the only ones who can run the business, delegation collapses, decision-making centralizes, and the organization becomes dependent on one person. Chip has seen companies where no one could spend $100 without CEO approval — and half the leadership team couldn't survive the transition when that CEO finally left. Retirement has three stages — and most founders only plan for the first one. Vacation, depression, and meaning and purpose. The honeymoon phase fades fast. Founders who haven't built outside interests, hobbies, or identity beyond the business hit a wall — and without a plan, depression follows. The goal is to reach meaning and purpose before a crisis forces the issue. Crisis is often the catalyst for transition — but it doesn't have to be. Whether it's a health scare, a lost client, or a market shift, crises force the introspection that should have happened years earlier. Chip advocates for doing that work proactively — in your 50s or early 60s — before external pressure removes your options. A hobby isn't a luxury — it's a succession strategy. Finding something outside the business that gives you purpose, community, and a sense of leadership is one of the most practical things a founder can do to prepare for transition. For Chip, it's woodturning. The point isn't the craft — it's the identity that lives outside the company.   Chapters: 00:00  Introduction of Chip Scholz 02:26  Reconnecting After 13 Years — A Personal Story 03:02  Leadership Evaluation: Strengths, Motivations, and Fit 06:37  Family Business Succession: Common Challenges 07:33  Asset vs. Legacy — The Mindset That Changes Everything 12:16  The Third-Generation Company: A Shared Story 14:04  Phantom Stock and Making 100 People Millionaires 16:00  The Five C's Framework for Leadership 17:42  Why Letting Go Is So Emotionally Hard 18:11   Hubris and Delegation: When Founders Won't Step Back 20:14  The $100 Approval Story 21:50  Why "Retirement" Triggers an Allergic Reaction 22:25  The Three Stages of Retirement 23:34  15 Years Preparing for Retirement — A Coaching Story 24:52  The Real Risk of the Depression Phase 26:44  What Does Retirement Really Mean? 29:33  Finding Purpose Outside Work: Woodturning 30:51  Handoffs — The Upcoming Book 35:02 Three Takeaways for Every Business Owner     Is your business truly ready—and are you? Take the Succession Readiness Assessment to get a clear snapshot of where you stand and what to focus on next. https://btsherpa.com/succession P.S. Most owners don't realize where they stand until they're already in a transition. Take a few minutes now to understand your readiness—and give yourself more options later.   Connect with Laurie Barkman:  Website: https://lauriebarkman.me LinkedIn: in/lauriebarkman YouTube: @LaurieBarkman_BTSherpa   Connect with Chip Scholz: Website: https://scholzandassociates.com LinkedIn: https://www.linkedin.com/in/chipscholz

Patrick K. O'Donnell highlights Harry Harrison Young, a fearless commander who led the Jesse Scouts as a strategic asset for Phil Sheridan in 1865. Disguised in Confederate uniforms, these scouts provided real-time intelligence and delivered critical messages to Grant while evading enemy patrols. They played a pivotal role in the Battle of Five Forks, finding weak points that allowed Sheridan to break Lee's lines. By intercepting orders and capturing supply trains, the scouts crippled Lee's logistics, forcing a premature evacuation of Richmond and setting the stage for the final retreat to Appomattox. (7)1865

Would you like access to our advanced agency training for FREE? https://www.agencymastery360.com/training Have you ever lost a pitch you were sure you had won on merit? Or if you did win the account, have you ended up with clients that only want to talk to you? Today's featured guest came up through seven years as head of marketing at a lean e-commerce company, where wearing every hat was not optional. In this episode, she talks about how a story about sorting fish as a child became the deciding factor in a competitive pitch, why genuine connection is not a soft skill but a structural advantage, and what happens to your agency when you never learned to let clients connect with your team instead of just with you. Bianca Beatty is the founder of Raven+Co, a full-stack boutique agency based in San Francisco offering everything from events to go-to-market strategy, social media, and brand communications. Before launching the agency in 2018, she spent nearly seven years as head of marketing at the largest online marketplace for antiques and vintage, where she built her foundation in SEO, paid ads, email, product placement, and revenue-driven decision making inside a lean team. She is also a licensed realtor, a fly fisher, and a former child caviar industry worker. In this episode, we'll discuss: The story that won Bianca an account over portfolio The double-edged sword of being the person clients want to talk to You do NOT have to work with everyone Subscribe Apple | Spotify | iHeart Radio Sponsors and Resources This episode is brought to you by Wix Studio: If you're leveling up your team and your client experience, your site builder should keep up too. That's why successful agencies use Wix Studio — built to adapt the way your agency does: AI-powered site mapping, responsive design, flexible workflows, and scalable CMS tools so you spend less on plugins and more on growth. Ready to design faster and smarter? Go to wix.com/studio to get started. A Story Can Win the Room Before the Work Does Bianca walked into a pitch for a caviar client with strong work and solid positioning. She almost did not mention that as a child, she spent a summer on her father's commercial fish house on the water in Florida, separating fish by sex for roe sold to China. She mentioned it. She won the pitch. The client told her afterward that the story, not the portfolio, was the deciding factor. The reason that moment is worth examining is not that personal stories win pitches. It is what the story actually communicated. It showed the client that Bianca understood the product from a level most marketers never will, that she had genuine curiosity about the industry, and that she was someone the client wanted to spend time around. A competitor with equally strong work and no story was indistinguishable. Bianca was not. Proof of capability opens the door. The story is what makes the client hold it open. When Your Personality Becomes the Bottleneck Bianca is honest about the double edge of being the kind of person clients want to talk to for two hours. The connection that wins the pitch is the same connection that makes clients want to route everything through you. Calls that run long, decisions that wait for your availability, relationships that belong to you and not to your agency: these are not signs that you are doing something right. They are early symptoms of a founder dependency problem that compounds as the agency grows. When the founder is most connected person in their agency, they're also the most trapped. Every client relationship that runs through him is a ceiling on how much the business could grow without him. The structural fix is not to become less personable. It is to build a team that is also personable, to hire for the same quality of human warmth and genuine curiosity that wins clients in the first place, and to let those people develop their own relationships. The goal is a team that holds the relationships well enough that the clients stop thinking about whether you are in the room. Picking Clients Before Clients Pick You Bianca is clear on something that most agency founders only learn after absorbing a nightmare client or two: you do not have to work with everyone. Early on, the answer is yes to almost everything because the pipeline is thin and the pressure to cover costs is real. As the agency develops a track record and a clearer sense of its own values, the ability to be selective is not a luxury. It is a structural protection for the team. The version of this that holds up over time is not just about avoiding difficult clients but about actively going after the clients you want, pitching yourself to companies that interest you even when they are not publicly looking, and staying honest about fit before contracts are signed rather than after scope has been blown. When clients align with what the team genuinely cares about, the work is better, the relationships last longer, and the agency does not spend the Monday morning meeting talking about which client made last week miserable. Do You Want to Transform Your Agency from a Liability to an Asset? Looking to dig deeper into your agency's potential? Check out our Agency Blueprint. Designed for agency owners like you, our Agency Blueprint helps you uncover growth opportunities, tackle obstacles, and craft a customized blueprint for your agency's success.

Are you on track for a successful retirement? While most people focus on how much they've saved, retirement success depends on much more than your account balance. In this episode of the Wise Money Show, the team breaks down the five key factors that determine retirement readiness. Learn how financial advisors evaluate retirement success and discover the critical ingredients that can help you retire with confidence. Season 11, Episode 43 Download our FREE 5-Factor Retirement guide: https://wisemoneyguides.com/    Schedule a meeting with one of our CERTIFIED FINANCIAL PLANNERS™: https://www.korhorn.com/schedule-a-call/  or call 574-247-5898.   Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow Listen on podcast: https://pod.link/1040619718   Watch this episode on YouTube: https://youtu.be/3I7VGWmfrAY  Submit a question for the show: https://www.korhorn.com/ask-a-question/   Read the Wise Money Blog: https://www.korhorn.com/wise-money-blog/    Connect with us: Facebook - https://www.facebook.com/WiseMoneyShow  Instagram - https://www.instagram.com/wisemoneyshow/    Kevin Korhorn, CFP® offers securities through Silver Oak Securities, Inc., Member FINRA/SIPC. Kevin offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. KFG Wealth Management, LLC dba Korhorn Financial Group and Silver Oak Securities, Inc. are not affiliated. Mike Bernard, CFP® and Joshua Gregory, CFP® offer advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results. Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization's initial and ongoing certification requirements to use the certification marks.

  The long-term bullish narratives surrounding precious metals are hitting a massive wall of technical resistance, while the broader equity markets are staging a quiet...

723: This episode originally aired in July 2025. Here's the thing about personal finance advice: what works when you have $10,000 won't work when you have $1 million.  Yet most financial guidance treats everyone the same, whether you're scraping together a $1,000 emergency fund or deciding whether to upgrade to business class. Nick Maggiulli, author of "The Wealth Ladder," joins us to break down how money strategies must evolve as your net worth grows. He's mapped out 6 distinct wealth levels, each requiring different approaches to spending, saving and investing. The levels start simple.  Level 1 covers anyone with less than $10,000 in net worth — that's 20 percent of American households. Here, bad luck gets amplified. A flat tire that costs $200 could spiral into job loss and debt if you can't afford the repair. Level 2 spans $10,000 to $100,000 in net worth. Maggiulli calls this "grocery freedom" — you can splurge on the nicer eggs without checking your bank balance.  Level 3, from $100,000 to $1 million, brings "restaurant freedom."  Level 4, the $1 million to $10 million range, unlocks "travel freedom." Getting beyond Level 4 — into the $10 million-plus territory — requires business ownership or extreme patience. Maggiulli calculates that even saving $100,000 annually after hitting $1 million takes 23 years to reach $10 million, assuming 5 percent annual returns. The data shows income matters more than frugality, especially in the early levels. The median household income in Level 1 is $32,000, but in Level 4 it's $197,000, and in Level 6 it reaches $4.3 million. We discuss why homeownership dominates wealth in Levels 2 and 3, how investment assets become crucial in higher levels, and why many people in Level 4 choose "Coast FIRE" over the grinding path to Level 5. Resource Mentioned: Nick's book: The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life Timestamps: Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. (0:00) Introduction to wealth ladder concept (1:35) The 0.01% daily spending rule (3:43) Six wealth levels breakdown (7:35) Level 1 survival mode focus (11:21) Six levels population data (13:02) Level 1 bad luck amplification (15:08) Level 2 skills development priority (17:55) Income and wealth correlation data (25:28) Level 2 education strategies (28:05) Income opportunity heuristics discussion (32:24) Level 2 mobility statistics (36:38) Asset composition shifts by level (39:28) Level 3 to 4 progression (46:52) Level 3 and 4 similarities (50:14) Level 4 to 5 math (53:29) Business ownership requirements for Level 5 (56:07) Level 5 and 6 non-monetary focus (59:07) Wealth movement bidirectional data (1:04:09) Key takeaways summary begins For more information, visit the show notes at https://affordanything.com/episode629 Learn more about your ad choices. Visit podcastchoices.com/adchoices

EPISODE DESCRIPTION I sat down with Mamadou Kwidjim Toure, co-founder of U-Tribe and GIFT (Gold International Fungible Token), to explore one of the most ambitious real-world asset projects I've come across. Mamadou spent decades in banking and early-stage investing across Africa , including in the first GSM projects and mobile payments before M-Pesa , and he turned that experience into a mission: giving anyone on earth access to physical, one-to-one backed gold from as little as 15 cents. We talk about why central banks are quietly buying more physical gold than at any point in the past 40 years, why the gold ETF market is dangerously over-encumbered, and how GIFT's MiCA-regulated token could become the financial safety net for 2.5 billion people across 35 countries. Mamadou also walks me through their quantum-enhanced wallet, their Ubuntu Academy for financial and digital literacy, and their upcoming STO launching in July. This one is packed with insight on the real shift happening in global finance right now. DISCLAIMERNothing mentioned in this podcast is investment advice and please do your own research. It would mean a lot if you can leave a review of this podcast on Apple Podcasts or Spotify and share this podcast with a friend. Be a guest on the podcast or contact us - https://www.web3pod.xyz/ CONNECT U-Tribe / GIFT: https://utribe.one/Twitter/X: https://x.com/UtribeOneWeb3 with Sam Kamani Podcast: https://www.web3pod.xyz/ KEY POINTS WITH TIMESTAMPS • [00:01] Sam introduces Mamadou and the GIFT tokenized gold project, noting the recent MiCA license in Europe• [01:36] Mamadou shares his background: 20+ years in African banking and tech investment, including early GSM and mobile payments before M-Pesa• [03:46] The origin of GIFT , one milligram of gold accessible from 15 cents on any mobile phone, backed one-to-one by physical gold• [05:06] The global financial shift: why the world is moving back toward asset-backed monetary systems and away from dollar dominance• [06:48] Central banks bought over 1,300 tons of gold last year and more physical gold in the past decade than the previous 40 years• [07:16] Why the gold ETF market is 10–15x over-encumbered and what that means for ordinary investors• [09:53] How blockchain solves the collateral problem for financial inclusion , instant loans from as little as 10 cents of gold• [10:42] GIFT holds a MiCA license in Europe and is upgrading to asset reference token status, with 30+ countries and 2.5 billion people in reach within five months• [13:05] Physical gold is stored in vaults in Zurich, Stuttgart, Copenhagen, Dubai, and Singapore, insured by Lloyds of London and audited on-chain• [16:30] The quantum-enhanced wallet , one of only four or five in the world , is live on Google Play Store and coming to App Store• [17:43] Ubuntu Academy inside the wallet: financial literacy, digital literacy, vocational training, and ethical leadership powered by a personalised AI tutor• [19:29] 10% of transaction fees go toward education and healthcare, including in the mining communities where the gold is extracted• [23:39] How Mamadou explains RWAs to newcomers: a digital title deed, like a certificate of ownership , no crypto jargon needed• [26:48] How to onboard: download the app on Google Play or visit utribe.gift.app, complete KYC, and pay via card, wire, mobile money, or voucher• [28:00] Key Web3 infrastructure shifts: NYSE moving $87 trillion of assets on-chain, DTCC moving on-chain, 130+ nations working on CBDCs• [30:55] Long-term vision: launching SIFT (Silver International Fungible Token), becoming a tokenization-as-a-service infrastructure provider• [33:20] Upcoming July STO (Security Token Offering) and tokenized convertible bond to finance gold extraction and fuel growth

P.M. Edition for June 11. After threatening more strikes against Iran this morning and then calling them off, President Trump said this afternoon that there's an agreement to end the war–although final details still need to be completed. Plus, Trump says he plans to nominate Jay Clayton, a top federal Manhattan prosecutor and former SEC chairman, as intelligence director. WSJ national security reporter Yoko Kubota discusses why this move might help defuse a fight with Congress over a crucial spying tool. And SpaceX officially sold $75 billion worth of shares, making it the biggest IPO ever. Asset managers like BlackRock helped: The Journal learned that it put in an order to buy at least $5 billion worth of SpaceX shares. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Most lawyers build their firms to serve clients, not to eventually leave them. But every law firm owner will exit someday, whether by choice, necessity, or life change.  In episode 622 of the Lawyerist Podcast, Zack Glaser talks with Tom Lenfestey, attorney, CPA, and founder of The Law Practice Exchange, about why exit planning should not be treated as something reserved for retirement. Tom explains why succession planning often feels like the end, while exit planning gives firm owners more control over their future, their value, and their next act.  They explore what makes a law firm transferable, why systems and data matter to buyers, and how lawyers can build firms that are worth more than just the owner's name. Tom also breaks down how the market for law firm sales is changing, from private capital to alternative business structures, and why modern buyers are looking closely at financials, intake, marketing, operations, and owner independence.  If you own a law firm, this conversation is a reminder that your firm can be more than a job you built for yourself. With the right planning, it can become an asset, a legacy, and a bridge to whatever comes next.  Links from the episode: https://thelawpracticeexchange.com/  https://a.co/d/05rY2bUe  Listen to our previous episodes on Law Firm Exits & Succession.  #568: How to Build a Law Firm You Can Sell, with Victoria L. Collier Apple | Spotify | LTN  #517: Passing the Torch: Mastering the Art of Succession, with Carol Bertsch & Brennen Boze Apple | Spotify | LTN  #369: Selling Your Practice, with Tom Lenfestey Apple | Spotify | LTN  #326: A Succession Plan for Your Law Practice, with Tom Lenfestey Apple | Spotify | LTN  Have thoughts about today's episode? Join the conversation on LinkedIn, Facebook, Instagram, and X!   If today's podcast resonates with you and you haven't read The Small Firm Roadmap Revisited yet, get the first chapter right now for free! Looking for help beyond the book? See if our coaching community is right for you.   Access more resources from Lawyerist at lawyerist.com.   Chapters / Timestamps:  00:00 – Introduction  01:00 – Why Succession Planning Feels Like the End  02:15 – Identity, Second Acts & Life After Practice  05:00 – Meet Tom Lenfestey  06:35 – Does a Law Firm Have Value Beyond the Owner?  07:45 – Why Tom Started The Law Practice Exchange  10:45 – Creating a Marketplace for Law Firm Sales  12:55 – When to Start Planning Your Exit  13:55 – Why Exit Planning Belongs in Your Strategic Plan  15:45 – Why Time Is Your Biggest Advantage  16:05 – Building a Firm with Exit in Mind  17:30 – Why The Exit Blueprint Matters Now  20:40 – What Law Firm Owners Need to Know Before Selling  22:45 – Private Capital, ABS & New Buyer Models  25:20 – What Sophisticated Buyers Want to See  27:15 – Why Data and Systems Create Transferable Value  29:00 – When Succession Planning Goes Wrong  31:20 – Why Internal Successors May Not Be Buyers  33:00 – Exit Strategy vs. Retirement Planning  36:50 – Keeping Your Options Open After Exit  38:50 – Where to Find The Exit Blueprint 

My guest in this episode is Rohit Punyani, the co-founder of The Owner's Asset, a firm focused on helping small business owners, 1099 professionals, and high-income earners build tax-aware retirement strategies with greater control, flexibility, and long-term ownership.With experience in capital markets and private wealth management, Rohit works closely with business owners and CPAs to design practical strategies for reducing tax drag, improving retirement outcomes, and helping owners keep more of what they earn.Interview Links:The Owners Asset https://ownersasset.com/Subscribe To Our Weekly Newsletter:The Wealth Dojo: https://subscribe.wealthdojo.ai/Download all the Niches Trilogy Books:The 21 Best Cashflow NichesDigital: ⁠⁠https://www.cashflowninjaprograms.com/the-21-best-cashflow-niches-book⁠⁠Audio: ⁠https://podcasters.spotify.com/pod/show/21-best-cashflow-niches⁠The 21 Most Unique Cashflow NichesDigital: ⁠⁠https://www.cashflowninjaprograms.com/the-21-most-unique-cashflow-niches⁠⁠Audio: ⁠https://podcasters.spotify.com/pod/show/21-most-unique-niches⁠The 21 Best Cash Growth NichesDigital: ⁠https://www.cashflowninjaprograms.com/the-21-best-cash-growth-niches⁠⁠Audio: ⁠https://podcasters.spotify.com/pod/show/21-cash-growth-nichesThe 21 Next Level Cashflow NichesDigital: https://www.cashflowninjaprograms.com/the-21-next-level-cashflow-niches-book-free-downloadAudio: https://podcasters.spotify.com/pod/show/the-21-next-level-nichesListen To Cashflow Ninja Podcasts:Cashflow Ninja⁠https://podcasters.spotify.com/pod/show/cashflowninja⁠Cashflow Investing Secrets⁠https://podcasters.spotify.com/pod/show/cashflowinvestingsecrets⁠Cashflow Ninja Banking⁠https://podcasters.spotify.com/pod/show/cashflow-ninja-banking⁠Connect With Us:Website: http://cashflowninja.comPodcast: http://cashflowinvestingsecrets.comPodcast: http://cashflowninjabanking.comSubstack: https://mclaubscher.substack.com/Amazon Audible: https://a.co/d/1xfM1VxAmazon Audible: https://a.co/d/aGzudX0Facebook: https://www.facebook.com/cashflowninja/Twitter: https://twitter.com/mclaubscherInstagram: https://www.instagram.com/thecashflowninja/TikTok: https://www.tiktok.com/@cashflowninjaLinkedin: https://www.linkedin.com/in/mclaubscher/Gab: https://gab.com/cashflowninjaYoutube: http://www.youtube.com/c/CashflowninjaRumble: https://rumble.com/c/c-329875

Would you like access to our advanced agency training for FREE? https://www.agencymastery360.com/training Have you ever pitched a client and led with everything your agency does well, only to watch their eyes glaze over halfway through? What you're missing is positioning copy that actually moves people. Today's featured guest has spent 40 years in the advertising and branding world, the last 20 of them devoted entirely to one question: why do some messages land and others disappear? In this episode, he'll walk through the storytelling frameworks he pulled from Hollywood screenwriting, evolutionary biology, and 12 years of podcasting, and then apply one of them live to Agency Mastery in real time. Park Howell is the founder of Park&Co, an agency he opened in Phoenix in 1995 and grew from a one-man operation to a team of 20 and beyond. He is now a full-time consultant, speaker, and coach on the business of story, and the host of The Business of Story podcast, which he has been running for 12 years. Park has been on the podcast previously talking about storytelling, how agencies fail to use it, and how, used, correctly it can help you connect with clients. In this episode, we'll discuss: Is your agency telling the wrong story? The And-But-Therefore Framework How learning about Hollywood screenwriting can help you improve your proposals Three Forces of Trust Your Story Needs to Build Subscribe Apple | Spotify | iHeart Radio Sponsors and Resources E2M Solutions: Today's episode of the Smart Agency Masterclass is sponsored by E2M Solutions, a web design and development agency that has provided white-label services for the past 10 years to agencies all over the world. Check out e2msolutions.com/smartagency and get 10% off for the first three months of service. Why Agencies Are Telling the Wrong Story The default agency pitch goes something like this: we have the best people, the best process, and a portfolio you will love. We are customer-centric, we care more, and we will be a true partner. And simply put, if every agency in the room is saying the same thing, none of it creates separation, none of it creates trust, and none of it gives a prospect a reason to remember you when the meeting ends. The root problem is that agencies tell their story from the inside out. They start with what they offer and work backward toward why a client should care. The structure that actually works is the opposite: start with the audience, name what they want, name what is standing between them and that outcome, and only then introduce how you help close that gap. The story is not about the agency. The agency is the guide. The client is the hero. The moment that inversion happens in how an agency frames its pitch, its content, and its proposals, the entire communication dynamic shifts. The And-But-Therefore Framework, Applied Live Park gave a live example of the and-but-therefore framework using Agency Mastery as the subject. The structure is deceptively simple: agreement, contradiction, consequence. You establish something the audience knows to be true about themselves. You introduce the contradiction, the reason they do not yet have what they want. Then the therefore: what becomes possible when that contradiction is resolved and how you help resolve it. The exercise surfaces something worth paying attention to. When Park asked for the one-word theme of Agency Mastery's story, he pushed back on it being focus. Why? It's a verb, a mechanism. The emotional outcome is actually freedom. You want freedom, but you do not have freedom, therefore here is how to get it. The distinction is not semantic. Copy that leads with a mechanism asks the reader to do intellectual work. Copy that leads with an emotional outcome pulls them forward before logic enters the picture. The and-but-therefore framework makes that difference visible and correctable in under five minutes. What Hollywood Screenwriting Has to Do With Your Next Proposal Park's Story Cycle System draws directly from the hero's journey and Blake Snyder's 15 beats, the frameworks professional screenwriters use to structure everything from Star Wars to The Wizard of Oz. The parallel between those two films is genuinely worth sitting with: same structure, same emotional beats, same character archetypes, separated by four decades and completely different settings. The reason the pattern keeps appearing is not coincidence. It is the way human beings have organized meaning since the first stories were carved into clay tablets. A practical application for agency pitches. Before the next proposal goes out, write an and-but-therefore for the prospect. A single focused statement that demonstrates you understand what they want, why they do not have it yet, and what changes when they work with you. Bring that into the room instead of a feature list. The agencies that win consistently do not win on credentials. They win because they showed up having already done the work of understanding the client, and the and-but-therefore is how that understanding gets made visible from the first sentence. The Three Forces of Trust Your Story Needs to Build When the and-but-therefore is executed well, it does not just clarify a message. It builds trust across three dimensions simultaneously. The audience feels understood: you know what they are trying to achieve. They feel appreciated: you recognize why that outcome matters to them. And they feel that their current struggle is real and acknowledged: you are not glossing over the gap between where they are and where they want to be. Most agency communication fails on the third dimension. It jumps too quickly to the solution without spending enough time in the problem. When a prospect does not feel that their frustration has been fully seen, the solution that follows lands as a pitch rather than as a read. The difference between a founder who says "I just want more freedom" and a message that reflects back "you started this business for freedom and the business owns you instead" is in how heard the person on the other side of that message feels. That is what separates the story everyone remembers from the one nobody does. Do You Want to Transform Your Agency from a Liability to an Asset? Looking to dig deeper into your agency's potential? Check out our Agency Blueprint. Designed for agency owners like you, our Agency Blueprint helps you uncover growth opportunities, tackle obstacles, and craft a customized blueprint for your agency's success.

Gaius and Germanicus critique the SpaceX IPO, labeling it a grand "grift" comparable to the speculative railroad booms of the 1870s. They warn of a stupendous transfer of wealth from ordinary people to the elite, fueled by asset bubbles in AI and space energy, while national wealth inequality reaches levels reminiscent of pre-revolutionary France. (3)1922 NERO

Send us Fan MailBill goes somewhere different today — and that's intentional.In this solo episode, Bill Caskey shares the first six of twelve core sales principles, each grounded in a biblical reference. From understanding your divine assignment and serving before selling, to detaching from outcomes and deploying your unique gifts, Bill connects the spiritual underpinnings of great selling to the real-world results you're after.This isn't a tactics episode. It's a foundation episode — and for many listeners, it may be the most important one they hear.Part two drops in a few days on another solo episode.The Insider program is open for enrollment. To check out our small learning group, go to http://advancedsellingpodcast.com/insiderIf you haven't already, join 14,000+ other sales professionals in our LinkedIn group at advancedsellingpodcast.com/linkedinIs it time to make a BOLD move in your business? If so, download our brand new book, "12 Bold Moves - Insider Secrets to Reinventing Yourself and Your Business." http://12boldmoves.comIf you want to learn how to build a Conversion Event that turns suspects into prospects and prospects into clients, join me June 5th inside Insider at advancedsellingpodcast.com/insider.

Savage speaks with Shannon Davis, CEO of American Alternative Assets, about retirement savings trapped inside a collapsing debt system. They discuss why gold and silver remain outside the printing presses, the pressure from America's $39 trillion debt, and how rising bond rates hit regular families through mortgages, credit cards, car loans, and inflation. Davis explains why retirement accounts may not be truly diversified if everything is still tied to the dollar, and Savage warns about runaway spending, currency revaluation, and the dangers of trusting banks with your financial future. Learn why physical precious metals offer control, privacy, and peace of mind in an age of debt, inflation, and digital uncertainty. Talk to precious metals specialists who understand the Great Gold Reset. Call (855) GOLD-099 or go to GetSavageGold.com.

Kirk Cameron rose to fame as Mike Seaver on the hit TV series Growing Pains, earning two Golden Globe nominations and becoming one of the most recognizable teen actors of the late 1980s. He later built a successful career in faith-based entertainment through projects including Fireproof, the Left Behind franchise, bestselling books, and television hosting. Most recently, Cameron has been creating and starring in the family-focused children's series Iggy and Mr. Kirk. Check out his new children's book, Built By The Brave, available now from Brave Books.IN THE NEWS: Hasan Piker appears rattled on stream as federal authorities reportedly probe his Cuba trip while Jasmine Crockett continues celebrating the controversy, The View downplays the “very limited destruction” caused during BLM protests, Minnesota parents are accused of faking autism diagnoses in their children as part of a $46 million fraud scheme, and gun violence barricades are being installed along side streets near Seattle's Aurora Avenue.GET IT ON!FOR MORE WITH KIRK CAMERON:BOOK: Built By The Brave (Children's Book)Available on Brave BooksAdventures of Iggy & Mr KirkKid's TV Show Available NOW | Streaming on BRAVE+INSTAGRAM: @kirkcameronofficial TWITTER: @kirkcameronWEBSITE: kirkcameron.comFOR MORE WITH RUDY PAVICH:WEBSITE: RudyPavichComedy.comINSTAGRAM: @ Rudy_Pavich PUNCH UP LIVE: https://punchup.live/rudypavichLIVE SHOWS: June 12 - Oklahoma City, OK (2 Shows)June 13 - Tulsa, OK (2 Shows)June 20 - Santa Ana, CA (KROQ Doc Screening)Thank you for supporting our sponsors:BetOnlineGo to https://hometitlelock.com/adamcarolla and use promo code ADAM to get a FREE title history report and a FREE TRIAL of their Triple Lock Protection! For details visit https://hometitlelock.com/warrantyLimited Time Offer – You Need Fiber. Yes you! Boost your fiber with Huel today using my exclusive offer of 15% OFF online with my code ADAM at https://www.huel.com/ADAM. New Customers Only. Thank you to Huel for partnering and supporting our show!oreillyauto.com/ADAMPluto.tvTRUEWERK.com with code acsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.