Podcasts about borrowing money

Did something big happen on the weekend? Well, yes, you could say that. Ah, but do you mean the historic election result that no-one saw coming? Prince Harry’s remarkably angry interview? Or, perhaps, the online food fight between Nagi Maehashi of Recipe Tin Eats fame and Brooke Bellamy of Brooki's Bakery? SO. MUCH. TO. CHOOSE. FROM. Welcome, Outlouders to this packed Monday episode of Mamamia Out Loud where Mia, Jessie and Holly debrief on all the news (and yeah, scurrilous gossip), anyone could ever wish for. PS. The supposed Brooklyn Beckham family rift is in there too. Just sayin'. What To Listen To Next: Listen to our latest episode: Uh Oh. The Most Low Status Way To Dress Listen: The Question We're Finally Ready To Answer Listen: Meghan's Bedtime Routine Is A Lot Listen: Caroline Bessette-Kennedy: The Original Influencer Listen: We're Fighting About Being Ugly Listen: What Supercommunicators Know That We Don't Listen: Sex Toys, Borrowing Money & A Dad's Group Chat Faux Pas Sign up to the Mamamia Out Loud Newsletter for all our recommendations and behind-the-scenes content in one place. What to read: Ali France survived the unthinkable. Now, she’s taken Peter Dutton’s seat. We asked 1200 Mamamia readers about the May 3 election. This is what you told us. Meghan Markle's show exposes the royal family's big mistake. Meghan and Harry left the royal family for their kids. This is Archie and Lilibet's life now. Rebecca Loos claims she woke up smiling after a night with David Beckham. Then the truth dawned on her. In 4 words, RecipeTin Eats' Nagi just said what she really thinks about the Brooki feud. GET IN TOUCH: Feedback? We’re listening. Send us an email at outloud@mamamia.com.au Share your story, feedback, or dilemma! Send us a voice message Join our Facebook group Mamamia Outlouders to talk about the show. Follow us on Instagram @mamamiaoutloud and on Tiktok @mamamiaoutloud Mamamia acknowledges the Traditional Owners of the Land we have recorded this podcast on, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present, and extend that respect to all Aboriginal and Torres Strait Islander cultures.Become a Mamamia subscriber: https://www.mamamia.com.au/subscribeSee omnystudio.com/listener for privacy information.

There’s a four-letter word taking over the internet — it rhymes with munt — and let’s just say it’s dividing the group chat. We’re diving in, side-eyes and all. Then, has personal style officially left the building? Mia and Jessie are joined by Em Vernem to break down the four forces that have turned fashion into chaos. Plus, our recommendations: the show you’ll binge in a day, the book every Outlouder needs to read, and the one thing guaranteed to scare the crap out of you. And in Best & Worst: gut problems, coping with grief, and a weekend that took 'tradwife' to a whole new level. What To Listen To Next: Listen to our latest episode: The Question We're Finally Ready To Answer Listen: Meghan's Bedtime Routine Is A Lot Listen: Caroline Bessette-Kennedy: The Original Influencer Listen: We're Fighting About Being Ugly Listen: What Supercommunicators Know That We Don't Listen: Sex Toys, Borrowing Money & A Dad's Group Chat Faux Pas Sign up to the Mamamia Out Loud Newsletter for all our recommendations and behind-the-scenes content in one place. Recommendations: Jessie wants you to watch Black Mirror season 7. Em Vernem wants you to watch Sinners by Ryan Coogler. Mia wants you to read He Would Never by Holly Wainwright. What to read: You might not want to ask your stylist for the latest hair trend. Oxford shirts are your new wardrobe essential. We found options from $25. 'The 3 pieces I'm buying to upgrade my style this year as a fashion editor.' 'I'm a fashion editor, and these are the 7 things I wore on repeat all year.' GET IN TOUCH: Feedback? We’re listening. Send us an email at outloud@mamamia.com.au Share your story, feedback, or dilemma! Send us a voice message Join our Facebook group Mamamia Outlouders to talk about the show. Follow us on Instagram @mamamiaoutloud and on Tiktok @mamamiaoutloud Credits Hosts: Mia Freedman, Jessie Stephens & Em Vernem Group Executive Producer: Ruth Devine Executive Producer: Emeline Gazilas Audio Producer: Leah Porges Video Producer: Josh Green Junior Content Producers: Coco & Tessa Mamamia acknowledges the Traditional Owners of the Land we have recorded this podcast on, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present, and extend that respect to all Aboriginal and Torres Strait Islander cultures.Become a Mamamia subscriber: https://www.mamamia.com.au/subscribeSee omnystudio.com/listener for privacy information.

Michelle Obama has spoken—and she’s not here to please everyone. The former First Lady revealed what it really took to skip Donald Trump’s inauguration, and why sometimes, disappointing people is exactly the right move. Mia, Jessie and Holly explore Michelle's decision and the role of women as 'shock absorbers'. Also, can kids read minds? The hit podcast The Telepathy Tapes thinks so. But the science behind it is looking more complicated. We discuss. Plus, Meghan Markle has shared a surprising part of her bedtime routine—except it’s not for her, won’t be used for years (if ever), and contains a whole lot of admin. And Gwyneth Paltrow is back in the headlines with a twist no one saw coming: she’s eating carbs again. But do we really need to know every time a celebrity changes their lunch order? Yep, our hosts have thoughts on this... What To Listen To Next: Listen to our latest episode: Caroline Bessette-Kennedy: The Original Influencer Listen: An Honest Day On Our Plate Listen: We're Fighting About Being Ugly Listen: What Supercommunicators Know That We Don't Listen: Sex Toys, Borrowing Money & A Dad's Group Chat Faux Pas Listen: The Influencer Who's Changed Too Much & Liz Hurley's Hard Launch Listen: Katy Perry, Gayle King & THAT Blue Origin Space Flight Listen: Clare Stephens - We Have Questions Sign up to the Mamamia Out Loud Newsletter for all our recommendations and behind-the-scenes content in one place. What to read: Read: Meghan Markle writes a letter every night. They won't be opened for years. Read: 'For Meghan Markle's show to succeed, she needs to go full Gwyneth Paltrow.' Read: ‘A debate is raging over Gwyneth Paltrow’s "boyfriend breakfast" and this time I'm on her side.’ Read: Exactly why the internet is convinced the Obamas are divorcing. Read: For a brief moment, the internet was convinced Barack Obama and Jennifer Aniston were having an affair. Read: All of Holly Wainwright's books in one place. GET IN TOUCH: Feedback? We’re listening. Send us an email at outloud@mamamia.com.au Share your story, feedback, or dilemma! Send us a voice message Join our Facebook group Mamamia Outlouders to talk about the show. Follow us on Instagram @mamamiaoutloud and on Tiktok @mamamiaoutloud Mamamia acknowledges the Traditional Owners of the Land we have recorded this podcast on, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present, and extend that respect to all Aboriginal and Torres Strait Islander cultures. Become a Mamamia subscriber: https://www.mamamia.com.au/subscribeSee omnystudio.com/listener for privacy information.

When you fall for someone else on national television, is there a right way to break the news to your partner? On today's show, we dive deep into the tangled breakup of Jojo Siwa and Aussie Kath Ebbs — and yep, it’s messier than you think. Also, the final leaders’ debate served up a baffling convo about eggs, a full-blown culture war, and plenty of secondhand embarrassment. And finally, we're at home with the deeply calm and zen-like Clooneys. George and Amal never argue apparently but is this really something to aspire to in a marriage? We’re unpacking everything they're missing out on when there's no argy-bargy and reveal what couples actually fight about. What To Listen To Next: Listen to our latest episode: What Supercommunicators Know That We Don't Listen: Sex Toys, Borrowing Money & A Dad's Group Chat Faux Pas Listen: The Influencer Who's Changed Too Much & Liz Hurley's Hard Launch Listen: Katy Perry, Gayle King & THAT Blue Origin Space Flight Listen: Another Little Treat: The Tyranny Of Looking Like You Haven't Tried Listen: A Little Treat: This Special Live Show Recording Spilt 10 Years of Tea Listen: The Exact Science To Keep You Enjoying Your Job Listen: A Very 2025 Diss Track. No Notes. Listen: Clare Stephens - We Have Questions Sign up to the Mamamia Out Loud Newsletter for all our recommendations and behind-the-scenes content in one place. What to read: Hours after leaving Big Brother, JoJo Siwa and Kath Ebbs split. Now, Kath has spoken. After another 'aggressive' incident, Mickey Rourke has left Celebrity Big Brother. Virginia Giuffre, one of Jeffrey Epstein's most prominent accusers, has died, aged 41. Days before her heartbreaking post, Virginia Giuffre was facing court. 'The sausage dog who terrorised Kangaroo Island for 500 days is my obsession. At last, we have an update.' 'My life changed.' A look into George Clooney's family life with 7-year-old twins. 'I asked couples without kids what they actually fight about. One answer kept coming up.' GET IN TOUCH: Feedback? We’re listening. Send us an email at outloud@mamamia.com.au Share your story, feedback, or dilemma! Send us a voice message Join our Facebook group Mamamia Outlouders to talk about the show. Follow us on Instagram @mamamiaoutloud and on Tiktok @mamamiaoutloud Mamamia acknowledges the Traditional Owners of the Land we have recorded this podcast on, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present, and extend that respect to all Aboriginal and Torres Strait Islander cultures.Become a Mamamia subscriber: https://www.mamamia.com.au/subscribeSee omnystudio.com/listener for privacy information.

When was the last time you cried in front of someone else? Or shared a deep conversation that left you feeling fulfilled? Well friends, we've found a magical list of questions that might be the shortcut to connection. We unpack the secrets of supercommunicators. Plus - Holly's favourite lip products, a book Jessie needs everyone to read, and an article about the most wild new cosmetic procedure we've heard yet... it's our recommendations. And, our bests and worsts including a camping Nicole, a family sick-fest, and some feedback for Nana. Support independent women's media Get your tickets to the Mamamia Out Loud Live 2025 All or Nothing Tour Presented By Nivea Cellular Get your merch for Mamamia Out Loud What To Listen To Next: Listen to our latest episode: Sex Toys, Borrowing Money & A Dad's Group Chat Faux Pas Listen: The Influencer Who's Changed Too Much & Liz Hurley's Hard Launch Listen: Katy Perry, Gayle King & THAT Blue Origin Space Flight Listen: Another Little Treat: The Tyranny Of Looking Like You Haven't Tried Listen: A Little Treat: This Special Live Show Recording Spilt 10 Years of Tea Listen: The Exact Science To Keep You Enjoying Your Job Listen: A Very 2025 Diss Track. No Notes. Listen: Clare Stephens - We Have Questions Listen: A Reality TV Showdown & Coachella's Three Levels Of Cool Connect your subscription to Apple Podcasts Sign up to the Mamamia Out Loud Newsletter for all our recommendations and behind-the-scenes content in one place. Recommendations: Jessie wants you to read The Safekeep Novel by Yael van der Wouden Holly wants you to try the NARS Afterglow Lip Balm Mia wants you to check out 'Inside Australia's booming leg lengthening industry' by Erin Docherty What to read: The best new TV shows and movies to binge this long weekend. 'I used these two words constantly until someone called me out. My career changed overnight.' 'There are 6 different conversation styles. If you’re a "builder", stay away from me.' Yes, your friends are talking about you. And other lessons from the 'White Lotus Three'. GET IN TOUCH: Feedback? We’re listening. Send us an email at outloud@mamamia.com.au Share your story, feedback, or dilemma! Send us a voice message Join our Facebook group Mamamia Outlouders to talk about the show. Follow us on Instagram @mamamiaoutloud and on Tiktok @mamamiaoutloud CREDITS: Hosts: Jessie Stephens, Holly Wainwright & Mia Freedman Group Executive Producer: Ruth Devine Executive Producer: Emeline Gazilas Audio Producer: Leah Porges Video Producer: Josh Green Junior Content Producers: Coco Lavigne & Tessa Kotowicz Mamamia acknowledges the Traditional Owners of the Land we have recorded this podcast on, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present, and extend that respect to all Aboriginal and Torres Strait Islander cultures.Become a Mamamia subscriber: https://www.mamamia.com.au/subscribeSee omnystudio.com/listener for privacy information.

Listen in to Part 5 of the series with the Bermuda Bankers Association and special guest Simon Van de Weg from Clarien: Borrowing Money – mortgages, credit cards and debt management   Simon Van de Weg – Chief Banking Officer   Simon leads Clarien's Lending, Retail and Corporate Banking business and is responsible for managing high value customers and special project initiatives. Prior to joining Clarien in 2015, Simon was Finance & Credit Director with Intelsat, Luxembourg. In this role he customised credit policy and solutions to mitigate customer, transaction and financial risks. From 2004 to 2008, he held the post of Vice-President, Structured Finance and Letters of Credit with Butterfield Bank, Bermuda after a previously progressing through various banking roles in investments and product management. Simon is a CMA/CPA, holds an Associate in Reinsurance designation and graduated from Dalhousie University in Canada   Sponsored by Bermuda Bankers Association www.bermudabankers.org

If a person keeps a charity box in his home and occasionally places money in the box on behalf of a charitable institution, may he borrow money that had been placed in the box and then return it later? It occasionally happens that a deliveryman comes and a person needs small change for a tip. Is it permissible to take some money from the Sedaka box and then repay the money at a later point? Some authorities allow taking money from the Sedaka box if one immediately writes a check for that amount to the institution on whose behalf he keeps the box in his home. In this way, he is not considered borrowing Sedaka, since he right away gives the same amount as he takes. Others, however, disagree, arguing that a check is not equivalent to cash, and therefore in such a case one does, indeed, take money from charity even if he writes a check right away. The Pitchei Teshuva (commentary to the Shulchan Aruch that cites rulings of later authorities), in Hilchot Sedaka (259), cites the work "Chamudei Daniel" as permitting one to borrow money from a charity box. The Chamudei Daniel explains that since this has become accepted, there is a presumed condition that the money placed in the box does not transfer ownership until it reaches the intended recipient. What more, it is common for people who borrow money from a charity box to return more than they took, and the Shulchan Aruch explicitly allows investing charity money if it will likely yield a profit on behalf of the needy recipients. Thus, by allowing people to borrow money from the charity box we increase the amount of charity distributed to the needy and to charitable institutions, and it should therefore be permissible. Nevertheless, the work "Sedaka U'mishpat" recommends that one stipulate when he begins placing money in the charity box that the money does not attain the formal status of Sedaka money until it reaches the intended recipient. In this way, there is no concern at all if one wishes to borrow money from the box and repay it in the future. Some authorities have noted, however, that if one makes such a stipulation then he does not fulfill the Misva of Sedaka immediately when placing the money in the box; since the money becomes Sedaka money only upon reaching the intended recipient, one fulfills the Misva only at that point. Some authorities claim that one can overcome this problem by stipulating that the money indeed becomes Sedaka money when it is placed in the box, but that it does not enter the ownership of the recipient until the money actually reaches him. In any event, according to strict Halacha, it is permissible to borrow money from a Sedaka box even if one had not made such a stipulation. It should be noted that according to all views, one may exchange bills and larger coins for small coins in a Tzedaka box. Since one gives the precise equivalent of what he takes, this is entirely permissible according to all opinions. Therefore, one may, for example, place a dollar bill in a Tzedaka box and take four quarters. Summary: One may borrow money that had been placed in a charity box and then repay the money at a later point. Some authorities advise making a stipulation when one first begins placing money in a Tzedaka box that the money becomes Tzedaka money only when it reaches the intended recipient. According to all authorities, one who needs small change may exchange bills and large coins for the equivalent in small coins taken from a Tzedaka box.

Rosso joined us this morning to celebrate his new show The Australian Dream and reminisces on his time and former merch at Nova.See omnystudio.com/listener for privacy information.

It's the start of a new relationship and the man keeps borrowing money. Are you staying or leaving?

What did you represent the country for? Group Therapy: My little brother keeps borrowing money from me and won't pay me back What was Matty holding when he ran into the popular guy from his high school PJ wants to take BJ to Wicked for date night... but the chat turns into listeners hating on Wicked and Matty! Stefan Ozich on why he's breaking a world record and walking the length of NZ... twice! See omnystudio.com/listener for privacy information.

This week, James and JB tackle the challenges of a £25k/month electrical contractor held back by fear of hiring and borrowing money. They'll discuss how to overcome these fears, build a team, and unlock the next stage of growth for the business. Welcome to the Business Broadcast Podcast! Each week James brings on the show an entrepreneur who shares their biggest challenges and struggles in business. James coaches the business owner through these challenges by asking those hard hitting questions in order to get to the bottom of these problems and help the business owner soar to success. Find out more from Sam here: Www.avonelectrical.co.uk Sign up to my weekly newsletter 'The James Sinclair Letter' here: https://www.jamessinclair.net/the-letter   Find out your Entrepreneurial DNA and take our '8 Traits of the Greats' Quiz: https://jamessinclair.scoreapp.com Try Entrepreneurs University 14 Day FREE Trial Here ►  https://jamessinclair.net/entrepreneurs-university-free-trial/ Get your tickets to our next event here ► https://www.jamessinclair.net/events Apply to be on my podcast here ► https://jamessinclair.net/podcasts/ Watch the podcast on YouTube ► https://www.youtube.com/@jamessinclairspodcast

Send us a textEmail Lennie at lennielawson2020@gmail.com

Today Erin and Keri unpack the emotional and financial fallout of lending money to friends, sharing personal experiences and expert advice on maintaining boundaries without ruining relationships. Expect candid talk about why lending rarely works and how to master the art of saying "no" with grace.  Is your experience different? Did you successfully lend a friend money? We would love to hear about it: https://www.speakpipe.com/erinskyekelly    _______________________________

In today's #podcast, we're unpacking everything Santa Clarita buyers need to know about interest rates as we head into November 2024. With fluctuating rates, global uncertainties, and recent Federal Reserve decisions impacting the lending world, it's more important than ever to make informed financial decisions. Joined by top local lender Tim Slominski, we cover what's changing and why, debunking misconceptions around rate changes, discussing how global events play into mortgage fluctuations, and providing valuable tips on managing your mortgage in today's market.What We Cover in This Episode:Federal Reserve Rate Decisions: Many borrowers are under the impression that when the Fed lowers rates, mortgage rates immediately drop. Tim explains the actual connection (or lack thereof) and clarifies how the Fed Funds Rate truly impacts #creditcards and #personalcredit – but not directly on #mortgagerates.The Global Market Impact on Mortgage Rates: From economic stress to international conflicts in Israel and Iran, the current state of the global economy is influencing the #housingmarket more than many borrowers realize. We break down how these events impact the #10yearTreasury and #mortgagebackedsecurities, ultimately affecting the cost of financing your home.Benefits of VA and FHA Loans: For #veterans, #firstresponders, and buyers who qualify for FHA loans, understanding these programs' unique advantages is critical. Tim sheds light on how VA and FHA loans can be major financial allies, helping more people achieve homeownership without the traditional barriers of high down payments and stringent credit requirements. Plus, find out why working with a direct lender ensures your loan experience is smoother and more cost-effective.Transparency in Lending – Understanding the Good Faith Estimate: Avoiding hidden fees and unexpected charges is one of our top priorities for clients. With the Good Faith Estimate (GFE), borrowers receive a clear breakdown of their costs upfront, enabling better comparison between lenders. Tim goes into detail about “garbage fees” and why choosing a reputable lender can save you thousands of dollars over the life of your loan.Credit Health and Mortgage Tips: Tim explains the importance of managing credit effectively when pursuing a mortgage or refinance. From using #rapidrescore tools to improve credit ratings quickly, to avoiding teaser rates often advertised online, this episode dives into practical credit management strategies that protect Youtube Channels:Conner with Honor - real estateHome Muscle - fat torchingFrom first responder to real estate expert, Connor with Honor brings honesty and integrity to your Santa Clarita home buying or selling journey. Subscribe to my YouTube channel for valuable tips, local market trends, and a glimpse into the Santa Clarita lifestyle.Dive into Real Estate with Connor with Honor:Santa Clarita's Trusted Realtor & Fitness EnthusiastReal Estate:Buying or selling in Santa Clarita? Connor with Honor, your local expert with over 2 decades of experience, guides you seamlessly through the process. Subscribe to his YouTube channel for insider market updates, expert advice, and a peek into the vibrant Santa Clarita lifestyle.Fitness:Ready to unlock your fitness potential? Join Connor's YouTube journey for inspiring workouts, healthy recipes, and motivational tips. Remember, a strong body fuels a strong mind and a successful life!Podcast:Dig deeper with Connor's podcast! Hear insightful interviews with industry experts, inspiring success stories, and targeted real estate advice specific to Santa Clarita.

Full show - Monday | The greatest TV shows of all time | No one loves Zebra Cakes as much as T. Hack | Celebrities doing "little jobs" | OPP - Reunion romance | Slacker's expensive ExpressToll bill | Borrowing money from your kid's college fund | 2019 @theslackershow @thackiswack @radioerin

Key Takeaways: Michael Saylor is using a clever tool called "convertible debt" to borrow tons of money at low interest rates. He's then using that borrowed money to buy Bitcoin. Saylor believes Bitcoin is like a shield against inflation (when prices go up). He's basically betting that Bitcoin's value will increase more than the interest he has to pay on the loans. Lenders like this deal because they have the option to convert the debt into shares of MicroStrategy stock later on. If Bitcoin's price goes up, the company's stock will likely go up too, making the conversion profitable for them. For investors, MicroStrategy is like a turbocharged way to bet on Bitcoin. If Bitcoin goes up, their investment could skyrocket. But it's also very risky. If Bitcoin's price drops, MicroStrategy could be in big trouble, and that would hurt the investors too. Overall, Saylor's strategy is bold and controversial. It could pay off big time, but it's a high-stakes gamble.   Chapters: Timestamp Summary 0:00 Introduction to Michael Saylor and Bitcoin Bet 0:31 Inflation and Lenders' Concerns 0:58 Convertible Debt Explained 1:34 Benefits of Convertible Debt in Inflation 2:11 Challenges for Slow-Growing Companies 2:44 Michael Saylor's Bitcoin Strategy 3:22 Impact of Borrowing Money for Bitcoin 3:58 Solution to Inflation with Bitcoin 4:30 Risks of Bitcoin Strategy   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

If you want to be successfully invested for the long term, you need to understand the impact of credit shifts and rate cuts on the markets. Joining the show today is Chris Litzler, Senior Director at commercial real estate financing corporation Marcus & Millichap. Chris is well versed in the credit cycles and one of my barometers when it comes to credit shifts and how banks need to adjust to the current economy. You won't want to miss what he has to say about the real estate market, rate changes, upcoming opportunities, and more. Check out the show notes for more information! Top ten most downloaded episodes: Ep #382: Dr. Cody Cowen - Financial Freedom by 40 - It's All About Your Network and Relationships Ep #243: Steven Mautner - Maximizing Profitably in an Era of Commoditization Ep #334: Justin Donald - Investing in Assets to Create Your Freedom Lifestyle Ep #360: Rob Swanson - The Eight Rules of Investing (Part 1) Ep #344: David & Kandace Phelps - Risk is Necessary to Find Freedom (Part 1) Ep #353: Jim Rachor - Family, Legacy, and Freedom - How to Get There Sooner, Not Someday Ep #364: Trey Taylor - A CEO Only Does Three Things Ep #238: Dr. Cherry Chen - The Real Estate Physician Ep #254: Aaron Chapman - Shorting the Dollar with Good Debt Ep #343: Steven J. Anderson - Creating a Fast Start for Next-Generation Entrepreneurs P.S. Whenever you're ready, here are some other ways I can help fast track you to your Freedom goal (you're closer than you think) : 1. Schedule a Call with My Team: If you'd like to replace the earned income you need from your practice with investment income in as little as 2-3 years, and you have at least 1M in available capital (can include equity or practice sale), then schedule a call with my team. If it looks like there is a mutual fit, you'll have the opportunity to attend one of our upcoming member events as a guest. 2. Become a Full-Cycle Investor: There are many self-proclaimed genius investors today who think everything they touch turns to gold. But they're about to learn the hard way what others have gained through “expensive” experience. I'm offering a report on how to become a full-cycle investor, who knows how to preserve and grow capital in Up markets and Down markets. Will you be prepared when the inevitable recession hits? Get your free report here. 3. Get Your Free Retirement Scorecard: Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Click here to take the 3 minute assessment and get your scorecard. 

And you're now locked into Episode 71! Topics:

Achieving your FI number in just four years? If you want to do it too, you must try something different. This couple found a niche within a niche, allowing them to hit the coveted “1% rule” in real estate, skyrocketing their cash flow and passive income and allowing them to make more than almost any other landlord in their area. So, how did they do it, and what was the investment that got them there? David and Morgan Stanhope weren't real estate investors five years ago. They didn't come from investor families and had zero real estate investing experience. One day, at his job as a New York State Police Investigator, David met a mentor who would change how he thought about money, financial freedom, and passive income. This was perfect because David and Morgan were already in a great place to invest—Upstate New York. But David chose NOT to invest in his home market, and for good reason. They went south to a state known for higher home prices and crushingly high insurance costs. There, they found acreative rental property investing strategy, allowing them to make much more cash flow than regular rentals. Four years later, they've surpassed their $10,000/month FI goal. Now, they're on track to hit an even bigger achievement: $70,000 per MONTH. Today, we're talking to them about exactly how they're getting there with investment properties you've probably never heard (or thought) about. In This Episode We Cover How to hit real estate's “1% rule” with creative, high-cash flow rentals Borrowing from your 401(k) to fund your first real estate deal Making real estate cash flow EVEN with eight percent mortgage rates (yes, it's possible) Why David WON'T quit his job, even though he has already hit his FI number Finding contractors and vendors when out-of-state real estate investing  Using other people's money to invest in real estate (and why you may want experience before you do) And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders BiggerPockets Money Group Stanhope Capital Start Investing with “The Book on Rental Property Investing” See Mindy and Scott at BPCON2024 in Cancun! Socially Conscious Investing: How to Start a Sober Living Home 00:00 Intro 01:17 Early Financial Education 05:13 Finding a Money Mentor 09:06 Hitting the 1% Rule in...Florida? 17:31 Current Cash Flow Numbers 20:41 $70K/Month Goal!? 24:09 Is Sober Living Investing Stable? 29:11 Borrowing Money to Invest 32:04 How Much Time Does It Take? 34:46 Connect with David and Morgan! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-562 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Psst, do you want to build wealth? Who doesn't? But what steps do you need to take to accumulate money?What common mistakes do people make that cause them to fall behind?We visited Dave Ramsey in his studio in Franklin, Tennessee to explore his famous Baby Steps and how millionaires are made.We hit him with some awesome questions throughout our very compelling 40-minute discussion. We saved some fun ones for the end. You're gonna enjoy the advice he shares.✬ DAVE'S MENTIONED LINKS ✬• The 'Total Money Makeover' book walks you through the Baby Steps: https://www.amzn.to/3G6fMVa• The 'Baby Steps Millionaire' book teaches you how Dave invests and builds wealth: https://amzn.to/3W2TQjv• The EveryDollar Budgeting App - https://ter.li/5cs2h1 (In the first month of using the app, most users cut monthly expenses by nearly 10%. Dang!)✬ SPONSORS OF EPISODE 77 ✬► THE DONOR'S FUND: More people are using this banklike system for charity. With a sleek mobile app or desktop solution, you can keep all your charity giving in a single place, plus there are about a dozen additional perks. Get your account here: https://thedonorsfund.org/koshermoney ► TWILLORY: Get $18 OFF your first purchase of absolutely comfortable clothing for today's casual professional look. Use code CHAI at https://Twillory.com/KosherMoney► COLEL CHABAD: Please help Israel as its people need all the help they can get! Visit https://www.ColelChabad.org/KosherMoney to make a much-needed donation! ► IT'S SLIME TIME! Nope, this isn't a paid ad, but check out their story in the outro of this video and visit https://tinyurl.com/ItsSlimeTime24 to see pics. You can contact Chavy at 646-515-5845. Kudos, sisters!CHAPTERS:00:00 Coming Up 00:45 Intro01:24 How Is Dave Doing?01:41 How The Baby Steps Began04:24 The 7 Baby Steps Explained In Under 4 Minutes07:48 Beyond The Baby Steps08:39 How Millionaires Are Made09:38 How to Put Money Into Retirement PRACTICALLY11:39 The Beauty of Automation12:33 Sponsor: The Donor's Fund13:58 The Wisdom Behind A Emergency Fund16:50 High Yield Savings17:21 Priorities in Budgeting (Private School Tuition)21:17 Borrowing Money for a Bar Mitzva?!25:03 How Kids Pick Up on EVERYTHING25:26 Sponsor: Twillory27:12 Home Buying Advice33:48 Buying vs. Renting35:22 What Dave Tells People Who Don't Wanna Budget38:36 Sponsor: Colel Chabad39:47 The Effect of Budgeting 43:15 2 Pieces of Advice for 25-Year-Old Dave Ramsey45:15 If Dave Ramsey Was In Charge of the USA's Finances47:18 How Cool Is This Story?48:53 Outro and Helpful LinksLove Living Lchaim? You can help us! Your tax-deductible donation enables us at Living Lchaim to share uplifting & insightful content! » https://www.livinglchaim.com/donate (THANK YOU!)Follow Kosher Money for Bonus Shorts: TikTok - https://www.tiktok.com/@koshermoneypod Instagram - https://www.instagram.com/koshermoneypod Free Call-In-To-Listen Hotline: USA: 605-477-2100 UK: 0333-366-0154 ISRAEL: 079-579-5088 Need financial guidance? Get help from our friends at https://LivingSmarterJewish.org/ WhatsApp feedback to 1-914-222-5513 All investment strategies and investments involve risk of loss. Nothing contained in our content, ads and videos should be construed as investment or actual life advice. #koshermoney #KosherMoneyPod #daveramsey #money #investing Hosted on Acast. See acast.com/privacy for more information.

Tom McSherry from BuildStore explains the importance of cashflow when it comes to building a house and why a big part of selecting the right mortgage product is about planning your project around your budget and making sure you have accurate costings. Check out the show notes for more information.

In this episode of The Adoption Roadmap, Rebecca interviews Matt Joyner, an expert in financial planning for adoptive families. Matt shares his personal adoption journey and provides valuable insights on how to financially prepare for adoption. He discusses both the emotional and economic aspects, common financial challenges, and strategies for balancing immediate adoption costs with long-term goals. Matt explains the adoption tax credit, including eligibility, income limitations, and the application process, as well as employer and military benefits available to adoptive families. Rebecca and Matt's conversation concludes with insights on the importance of early financial planning and self-awareness in the adoption journey. Important Links mentioned in Today's Episode Matt's Adoption Finance Planning Guide  Matt's Financial Planning Firm Dave Thomas Foundation Planswell - Retirement Planning Software Man's Search for Meaning - Victor Frankl ⁠⁠RG Adoption Consulting⁠⁠⁠  ⁠⁠⁠The Adoption Roadmap⁠ Your Adoption Finance Coach  Chapters 4:20 Personal Experience with Adoption  9:35 Financial Challenges and Preparation for Adoption  20:07 Financial Pitfalls to Avoid: Dipping into Retirement Savings and Inadequate Emergency Funds 23:16 Alternative Funding Options 28:51 Balancing Adoption Costs and Long-Term Financial Goals 29:40 Understanding the Adoption Tax Credit and Employee Benefits 37:45 The Importance of Early Financial Planning 39:45 Employer and Military Benefits for Adoptive Families  40:41 Raising, Saving, and Borrowing Money for Adoption 42:08 The Importance of Remembering the Purpose of Adoption Episode Disclaimer This recording is limited to the dissemination of general information pertaining to adoption planning. Nothing presented within constitutes specific investment advice, tax or accounting advice, legal insurance or regulatory advice, or an offer to sell or solicitation of an offer to buy any security.  While reasonable efforts were used to obtain information from sources believed to be reliable, Fortis Capital Advisors LLC makes no representation that the information or opinions contained in these materials are accurate, reliable, or complete. All information and opinions contained in this presentation are subject to change without notice. Investment advice is offered through Fortis Capital Advisors LLC, 7301 Mission Road, Suite 326. Prairie Village, Kansas 66208. Fortis Capital Advisors LLC is an investment advisor registered with the Securities and Exchange Commission, SEC. Additional information about Fortis Capital Advisors LLC is available on the SEC's website at www .advisorinfo .sec .gov. Fortis Capital Advisors LLC mainly provides investment advice, to individual investors and businesses.  Tune in to The Adoption Roadmap Podcast every Wednesday and Friday mornings. If you like what you hear, I'd appreciate a follow and 5-star rating & review!  THANK YOU!

Full show - Wednesday | What's your fantasy? | Is Slacker a jerk for pranking his friend? | Drinking at a job interview | OPP - Slobbery smoocher | Borrowing money from your kid's college fund | T. Hack's dogs | How often are you supposed to poop? | Where would you like to go for dinner tonight? @theslackershow @thackiswack @radioerin

Slacker's friend is thinking about "borrowing" some money from his kid's college fund. Is that ever ok?

In this episode of The Vault, we discuss whether or not airport money is ‘real money' (

In this episode of The Adoption Roadmap,Rebecca interviews Matt Joyner, an expert in financial planning for adoptive families. Matt shares his personal adoption journey and provides valuable insights on how to financially prepare for adoption. He discusses both the emotional and economic aspects, common financial challenges, and strategies for balancing immediate adoption costs with long-term goals. Matt explains the adoption tax credit, including eligibility, income limitations, and the application process, as well as employer and military benefits available to adoptive families. Rebecca and Matt's conversation concludes with insights on the importance of early financial planning and self-awareness in the adoption journey. Important Links mentioned in Today's Episode Matt's Adoption Finance Planning Guide  Matt's Financial Planning Firm Planswell - Retirement Planning Software  ⁠⁠RG Adoption Consulting⁠⁠⁠  ⁠⁠⁠The Adoption Roadmap⁠ Your Adoption Finance Coach  Chapters 4:20 Personal Experience with Adoption  9:35 Financial Challenges and Preparation for Adoption  20:07 Financial Pitfalls to Avoid: Dipping into Retirement Savings and Inadequate Emergency Funds 23:16 Alternative Funding Options 28:51 Balancing Adoption Costs and Long-Term Financial Goals 29:40 Understanding the Adoption Tax Credit and Employee Benefits 36:56 Employer and Military Benefits for Adoptive Families  46:03 The Importance of Early Financial Planning 47:13 Raising, Saving, and Borrowing Money for Adoption 49:09 The Importance of Remembering the Purpose of Adoption Episode Disclaimer This recording is limited to the dissemination of general information pertaining to adoption planning. Nothing presented within constitutes specific investment advice, tax or accounting advice, legal insurance or regulatory advice, or an offer to sell or solicitation of an offer to buy any security.  While reasonable efforts were used to obtain information from sources believed to be reliable, Fortis Capital Advisors LLC makes no representation that the information or opinions contained in these materials are accurate, reliable, or complete. All information and opinions contained in this presentation are subject to change without notice. Investment advice is offered through Fortis Capital Advisors LLC, 7301 Mission Road, Suite 326. Prairie Village, Kansas 66208. Fortis Capital Advisors LLC is an investment advisor registered with the Securities and Exchange Commission, SEC. Additional information about Fortis Capital Advisors LLC is available on the SEC's website at www .advisorinfo .sec .gov. Fortis Capital Advisors LLC mainly provides investment advice, to individual investors and businesses.  Tune in to The Adoption Roadmap Podcast every Wednesday and Friday mornings. If you like what you hear, I'd appreciate a follow and 5-star rating & review!  THANK YOU!

In this episode of The Adoption Roadmap,Rebecca interviews Matt Joyner, an expert in financial planning for adoptive families. Matt shares his personal adoption journey and provides valuable insights on how to financially prepare for adoption. He discusses both the emotional and economic aspects, common financial challenges, and strategies for balancing immediate adoption costs with long-term goals. Matt explains the adoption tax credit, including eligibility, income limitations, and the application process, as well as employer and military benefits available to adoptive families. Rebecca and Matt's conversation concludes with insights on the importance of early financial planning and self-awareness in the adoption journey. Important Links mentioned in Today's Episode Matt's Adoption Finance Planning Guide  Matt's Financial Planning Firm Planswell - Retirement Planning Software  ⁠⁠RG Adoption Consulting⁠⁠⁠  ⁠⁠⁠The Adoption Roadmap⁠ Your Adoption Finance Coach  Chapters 4:20 Personal Experience with Adoption  9:35 Financial Challenges and Preparation for Adoption  20:07 Financial Pitfalls to Avoid: Dipping into Retirement Savings and Inadequate Emergency Funds 23:16 Alternative Funding Options 28:51 Balancing Adoption Costs and Long-Term Financial Goals 29:40 Understanding the Adoption Tax Credit and Employee Benefits 36:56 Employer and Military Benefits for Adoptive Families  46:03 The Importance of Early Financial Planning 47:13 Raising, Saving, and Borrowing Money for Adoption 49:09 The Importance of Remembering the Purpose of Adoption Episode Disclaimer This recording is limited to the dissemination of general information pertaining to adoption planning. Nothing presented within constitutes specific investment advice, tax or accounting advice, legal insurance or regulatory advice, or an offer to sell or solicitation of an offer to buy any security.  While reasonable efforts were used to obtain information from sources believed to be reliable, Fortis Capital Advisors LLC makes no representation that the information or opinions contained in these materials are accurate, reliable, or complete. All information and opinions contained in this presentation are subject to change without notice. Investment advice is offered through Fortis Capital Advisors LLC, 7301 Mission Road, Suite 326. Prairie Village, Kansas 66208. Fortis Capital Advisors LLC is an investment advisor registered with the Securities and Exchange Commission, SEC. Additional information about Fortis Capital Advisors LLC is available on the SEC's website at www .advisorinfo .sec .gov. Fortis Capital Advisors LLC mainly provides investment advice, to individual investors and businesses.  Tune in to The Adoption Roadmap Podcast every Wednesday and Friday mornings. If you like what you hear, I'd appreciate a follow and 5-star rating & review!  THANK YOU!

In today's podcast, learn how to ask for a temporary capital injection, in Mandarin Chinese. If you need somebody to let you hold a few g's until payday, or slip you some skin to cover the electrical bill, this is the lesson for you. Episode link: https://www.chinesepod.com/1047

When a friend asks to borrow money for essentials, but instead uses it for a good night out, do you have any right to be annoyed? Plus, how do you ask for it back without confronting said friend? This weeks listener dilemma asks whether lending money to a loved one is ever a good idea... Don't forget to send us your questions/dilemma's/chats about any topic to longstoryshortpodcast22@gmail.com (all dilemmas will be anonymous, or you can DM @ellenextdoor if that's easier) also, follow us on TikTok- longstoryshortpod for lols and good times :) Hope you enjoy the episode xxPlease note, all opinions are our own and any advice given in this podcast is meant for entertainment purposes only. Please seek professional advice if you, or anyone you know is experiencing difficulty around any of the topics raised in this podcast. Hosted on Acast. See acast.com/privacy for more information.

I have a chat with Jason Brown, the mastermind behind Power Trades University and the Five-Year Millionaire Movement. Jason shares his incredible journey from investing with a student loan to becoming a successful stock market coach and trader. Watch the guest expert episode with Jason Brown (releases June 5th): Membership Growth & Retention Insights with Jason BrownPlease click here to give an honest Rating/Review for the show on iTunes! Thanks for your support!Links mentioned in this episode:Listen to episode 746 where Rick talks about passing the baton to me and his new direction.Listen to episode 720 to get to know Kwadwo. Get the The Stock Market Starter PackKwadwo [QUĀY.jo] Sampany-Kessie's Links:Subscribe to The Art of Online Business's YouTube Channel Book a strategy call with Kwadwo!Grab the Facebook Ads Lead Gen Cheat Code course to cut your lead costs and double your email list!Download the Free Facebook Lead Gen Ad Setup Checklist: Set your ads up like an expert ads manager!Visit Kwadwo's website for Facebook Ads helpSay hi to Kwadwo on InstagramJason's Links:Connect with Jason BrownDM Jason: https://www.instagram.com/brownreport/Subscribe to Jason's YouTube channelFollow Jason Brown on Facebook and XTimestamps:0:00 Stock Market Coach and Option Trader13:14 Borrowing Money for Stock Trading25:32 Building Success Through Network Marketing31:46 Interview With Jason Before RecordingTake Control Of Your Ad Results Without The Monthly Retainer FeeClick here to get 28 days of one-on-one FB Ads training from me with unlimited support.So you can successfully run ads campaigns with lower lead costs and higher revenue. Get 'The 7 Biggest Facebook Ad Mistakes Course Creators Make That Burn Through $$$ And Kill Results' email series and stop your ads from burning through your hard earned money.

Welcome to The Vault with Financielle. Hosts Lucy, Laura and Holly delve into the world of money dilemmas from leechy friends, getting the money ick, the benefits of budgeting and much much more! Nothing is off limits but everything is safe in the Vault. In this episode of The Vault, we're chatting about the credit card game

In this episode of Money Grows On Trees: The Podcast, host Lloyd Ross delves into the importance of establishing personal money rules to effectively manage finances. By sharing his own money rules and how they have shaped his financial decisions, Lloyd emphasizes the value of setting guidelines to achieve financial goals and avoid costly mistakes. He encourages listeners to create their own money rules to establish a financial culture in their households and secure a prosperous future. Join Lloyd as he shares his insights and principles for building wealth and financial independence. Tune in to learn how implementing money rules can guide you toward financial success and stability.

In the latest episode, we begin with sharing the best ways to enjoy Valentines's Day on your own, using contra-dating to get out of a dating rut, Gayle King revealing she lent $4000 to a man she once dated, our preferences on either being in loving relationship while making $75K or miserably single while making 300K and whether it's okay to get your partner's name, image and likeness tattooed on your body.

In this episode, the original Dad's meet up to play catch up! Dan has sadly gone through a break up and apparently was told he was missing ALL of the signs that it was happening. Meanwhile, he's owed a bit of money and maybe a hug or two.  While still looking for a full-time status in the job market, a trip to France for he and his daughter has long since been paid for so he makes the decision to go!  Jason struggles with finding the right time to bring the entire family together for Family Pictures. Because the last time this happened, things went over swimmingly, so why wouldn't they this time? That is IF he can get everyone together in the same block of time! 

Welcome back to Money Grows on Trees, your go-to podcast for practical money lessons in real life. In this compelling episode, titled "Are You a Learning Addict?" host Lloyd Ross delves into a prevalent issue—being addicted to learning without taking actionable steps. Join Lloyd as he unravels the analogy of learning and doing, equating them to left and right steps essential for achieving success and building wealth. He challenges listeners to pinpoint barriers hindering them from taking action and underscores the immense value of translating knowledge into practice. Discover why avoiding perfectionism is crucial and gain insights into how high performers approach the synergy of learning and execution. Dive deep into the concept of learning addiction with us and unearth actionable steps to break free and propel yourself toward your financial goals. Get ready to make the most of this episode by grabbing your notepad and putting your newfound knowledge into action. Let's embark on this journey together in the latest episode of Money Grows on Trees. Money Grows on Trees Team

SUPPORT FUMI FINANCIALLY BY GOING TO HIS SHOWS!Irvine, CA - Jan 10th 2024Dallas - March 22-23 2024San Diego - May 11th 2024Tickets: https://FumiAbe.com/touringGet MORE Cash Cuties at our Patreon!! https://www.patreon.com/CashCutiesPodYouTube Subscribe: https://tinyurl.com/4zhhs6s5Audio Subscribe: https://tinyurl.com/mv8tvffhMore Fumi Abe:YouTube: https://shorturl.at/hxzZ8Instagram: https://www.instagram.com/thefumiabeTiktok: https://www.tiktok.com/@thefumiabeTickets: https://FumiAbe.comVenmo: @TheFumiAbeMore Steffie BaikFun With Dumb Podcast: https://shorturl.at/KPTZ7Instagram: https://www.instagram.com/baikedgudsWebsite: https://www.steffiebaik.com/Venmo: @SteffieIsMeMore Cash CutiesiTunes: https://tinyurl.com/mv8tvffhInstagram: https://www.instagram.com/cashcutiespod#fumiabe #steffiebaik #cashcutiesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode of Your Support Group, Kenny and Q talk about money, borrowing money, managing credit, and bad spending habits. They offer advice on how to get your finances in order, avoid impulse purchases, and save for the future. Whether you're struggling with debt or just want to improve your financial habits, this episode is for you. Listen now and learn how to take control of your finances! LISTEN ON THE GO: www.ysgpodcast.com BUY A COFFEE FOR Your Support Group Podcast buymeacoffee.com/ysgpodcast Recorded Via Riverside: https://riverside.fm/?utm_campaign=campaign_1&utm_medium=affiliate&utm_source=rewardful&via=YSGRPOD Music by Slip.stream - Eazy "Frequency" - https://slip.stream/tracks/cc9a1d15-792f-4404-bade-415350983e4f --- Support this podcast: https://podcasters.spotify.com/pod/show/kenneth-williams74/support

Wired article on Lee Holloway: ⁠https://www.wired.com/story/lee-holloway-devastating-decline-brilliant-young-coder/⁠ (0:00) Intro(1:12) The internet was a fad(3:49) What is Cloudflare?(6:42) Project Honeypot(12:53) Meeting Michelle(19:12) Buying into the vision(23:04) The internet was built to support the porn industry(28:48) Borrowing Money(37:18) Transparency(43:08) On Lee Holloway(52:23) Philosophy behind hiring and talent(1:00:45) Prioritize curiosity and empathy(1:02:54) The fairness of an initial offer(1:07:11) Titles are cheap(1:21:59) How has being an English major manifested itself?(1:25:14) Building explosives in high school(1:32:38) Engaging with fans and critics(1:38:32) Going public(1:46:39) Conventional Silicon Valley wisdom Mixed and edited: Justin HrabovskyProduced: Rashad AssirExecutive Producer: Josh MachizMusic: Griff Lawson 

On Friday's show: As those with federal student loans prepare to start paying them again after a three-year hiatus, we discuss a new initiative that seeks to increase transparency in borrowing money for college. Also this hour: We talk with Jeremy Hobson, host of The Middle, a program focusing on the voices of those in the geographical and political center. It's now airing Thursday nights at 8 on News 88.7. And we remember longtime Houston Oilers coach Bum Phillips, who was born 100 years ago today. Then, another week, another Katy ISD book policy revision. And some foodies in New York fall for a fake restaurant. We talk about those stories and more as we break down The Good, The Bad, and The Ugly of the week And Troy Schulze tells us about the fascinating life journey of NASA astronaut José Hernández, the subject of the new Amazon movie, A Million Miles Away.

On episode 326 of Animal Spirits, Michael Batnick and Ben Carlson discuss: Future Proof, how markets have changed over the past 70 years, why allocations to stocks are higher than they were in the past, small caps vs. large caps, trading options vs. gambling on sports, why people spend more then they earn more, why the vibes are off in the economy, starter homes, and much more! Today's episode is sponsored by F/m Investments. Learn more about their ETF offerings at: https://fmetfs.com/ Find complete show notes on our blogs... Ben Carlson's A Wealth of Common Sense Michael Batnick's The Irrelevant Investor Feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation.   Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com   Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome back to another episode of Money Grows On Trees: The Podcast! Your host The Millionaire Money Mentor, Lloyd Ross, and today's episode is all about the red flags to avoid when it comes to choosing a partner and their impact on your financial well-being. Your Millionaire Money Mentor dives into the crucial signs that indicate a poor mindset regarding money in a spouse. While not advocating for divorce or drastic measures, it's important to recognize these warning signs early on to protect your financial future. Join Lloyd as he discusses the six red flags and how they can drain not only your bank account but also your ability to live a fulfilling life. So if you're ready to learn how to navigate these potential pitfalls, stick around until the end of the episode for some valuable advice. And don't forget to share this episode with anyone who might benefit from understanding the impact of a financially incompatible relationship. Let's jump right in! Money Grows on Trees Team

This hour Klein's plan to impress his wife backfires, Mugs borrows money from everyone in Vegas and we get to some news 

Get our newsletter free here or text “GRE” to 66866. Higher interest rates are cracking the economy—failing banks and failing commercial RE loans. With many expecting rates to go much higher, what else will break? Keith Weinhold, the host of the Get Rich Education podcast, discusses the current state of interest rates and their potential future trajectory.  Jim Rogers, legendary investor with an estimated $300M net worth, returns. He shares his insights on interest rates and inflation.  We discuss the impact of inflation on various asset classes, including real estate, and the potential for higher interest rates in the future.  The conversation also touches on topics such as agricultural real estate, the oil market, central bank digital currencies, and the role of gold and bitcoin as alternative forms of wealth storage.  Overall, the episode provides valuable insights into the current economic landscape and its implications for investors. Title [00:01:56] Introduction and overview of the current state of interest rates and market distortions. Title [00:05:03] Discussion on the unpredictability of interest rate predictions and the acknowledgment of inflation by Jerome Powell. Title [00:08:28] Explanation of the historical trend of interest rates, the recent rise in rates, and predictions for future rate movements. Title [00:12:09] Jim Rogers on Borrowing Money and Interest Rates Discussion on the benefits of borrowing money at low interest rates and the prediction of interest rates going higher. Title [00:14:27] Jerome Powell and the Possibility of a Soft Landing Questioning whether Jerome Powell can raise interest rates enough to control inflation without causing an economic crash. Title [00:18:41] Inflation, Interest Rates, and Real Estate Exploring the impact of inflation and interest rates on real estate investments and the potential risks for property owners. Topic 1: Agricultural Real Estate [00:22:21] Discussion on the opportunities in agricultural real estate due to erratic weather patterns and reduced yields in various crops. Topic 2: Oil Market [00:24:16] Conversation about the current state of the oil market, the decline in known reserves, and the potential for higher energy prices. Topic 3: Central Bank Digital Currencies (CBDCs) [00:26:04] Exploration of the proliferation of CBDCs and the implications of a digital currency controlled by central authorities, including potential restrictions on spending and increased government control. Title [00:32:06] History of Money and Gold Standard Discussion on the different forms of money throughout history and the transition from silver to gold as the basis for the US currency. Title [00:32:47] The Diminishing Value of the Dollar The prediction that the value of the dollar will continue to diminish over time and the suggestion to invest in real estate instead of saving in dollars. Title [00:33:33] Invest in What You Know Advice for investors to only invest in what they know about and not rely on advice from others, emphasizing the importance of knowledge and understanding in investment decisions. Resources mentioned: Show Notes: www.GetRichEducation.com/457 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY' to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Speaker 1 (00:00:01) - Welcome to GRE. I'm your host, Keith Weinhold. Interest rates rose fast last year, but a lot of experts think that they're going to go substantially higher from today's level, including our guest today, who is a legendary investor. How much higher will rates go and what's driving them higher today on get rich education.   Taxes are your biggest expense. The best way to reduce your burden is real estate. Increase your income with amazing returns and reduce your taxable income with real estate write offs. As an employee with a high salary, you're devastated by taxes. Lighten your tax burden. With real estate incentives, you can offset your income from a W-2 job and from capital gains freedom. Family Investments is the experience partner you've been looking for. The Real Estate Insider Fund is that vehicle. This fund invests in real estate projects that make an impact, and you can join with as little as $50,000. Insiders get preferred returns of 10 to 12%. This means you get paid first. Insiders enjoy cash flow on a quarterly basis, and the tax benefits are life changing.   Speaker 1 (00:01:10) - Join the Freedom Family and become a real estate insider. Start on your path to financial freedom through passive income. Text Family to 66866. This is not a solicitation and is for accredited investors only. Please text family to 66866 for complete details.   Speaker 2 (00:01:33) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get rich education.   Speaker 1 (00:01:56) - Welcome to GRE! From Mount Washington, New Hampshire to Mount Whitney, California, and across 188 nations worldwide. I'm Keith Whitefield and you are listening to Get Rich Education. Hey, it's great to have you back. Interest rates are not high today. They're just moderate by historic standards. But of course, the rapid rate of increases last year was faster than it's ever been in our lives. And that's what introduces market distortions. Today's guest is going to talk about that with us later. That's the legendary Jim Rogers. And it's public information that he has an estimated $300 million net worth. When Jim talks, people listen. When he was here with us in 2019, he was emphatic that interest rates were going to go much higher.   Speaker 1 (00:02:43) - He was completely correct. And few others were saying that then. In fact, when he's with us here shortly, all recite the interest rate quote that he stated here on this show back then and get his forecast from this point on as well before discussing interest rates a quarter recently ended. So let's whip around the asset classes as we do here at times, because you need to be able to compare real estate with other investments. The first half of this year, the S&P 500 was up a fat 17%. I'm just running to the nearest whole percent here. The tech heavy Nasdaq index had its best first half of the year in four decades. Gold was up 6%. Oil was down 34%. Bitcoin up an astounding 84% the first six months of the year. And that's partly because it really bottomed out near the beginning of this year per Freddie Mac. The 30 year fixed mortgage began the year at 6.5%, and now it's up to 6.7 for real estate. Since it lags, we've got a realtor.com year over year figure.   Speaker 1 (00:03:48) - The median listing price was up 1% to 440 K financial institutions aced their Fed stress test that they call it that measures how banks are holding up during a downturn. Q1 GDP was revised way higher than they previously calculated, so the economy is doing even better than many thought. And the number of Americans that are filing for new unemployment claims that fell the most in 20 months. So therefore, the economy is still hot by a lot of measures. Well, that puts more upward pressure on interest rates. Well, an interest rate that can be thought of as your cost of money, and they can even affect factors beyond the economic world. For example, in demographics, I mean, historically high interest rates, they've actually been a mild impediment to people's very migration and mobility. Understand the Fed's interest rate predictions and really all of their predictions have been awful, just awful. A long line of them. Fed Chair Jerome Powell's inflation is transitory. I mean, this is the latest notable one. He said that in 2021.   Speaker 1 (00:05:03) - I mean, though, look on your phones weather app, you don't trust the weather forecast ten days into the future. So I don't know why we would listen so intently, even reverentially to what the Fed economists predict for the next month or the next year. I mean, the economy can have as many or more variables than the weather. I'm going to assume. And these people know nothing Volcker, Greenspan, Bernanke, Yellen, Powell. They know nothing but see, they act like they know. So I just sort of wish they'd say we don't know more often. And by the way, this is why I do not predict interest rates like virtually everyone else. I know nothing on that. I joke around and I say I will let someone else be wrong and go ahead and predict interest rates. It's really hard to do now. A little credit to Jerome Powell later on, though, he did acknowledge that they ought to stop calling inflation transitory. So I think the word transitory has different meanings to different people.   Speaker 1 (00:06:08) - To many, it carries.   Speaker 3 (00:06:09) - A time, a sense of of short lived. We tend to to to use it to mean that that it won't leave a permanent mark in the form of higher inflation. I think it's it's probably a good time to retire that that word and try to explain more clearly what we mean.   Speaker 1 (00:06:26) - Another credit to Powell in today's Fed is that they'll tell you what interest rate decisions they plan to make at upcoming meetings, which is certainly a welcome departure from the opaque Alan Greenspan where you needed to try to translate his Fed speak. So if the Fed rate goes higher, then you can generally expect other rates to go higher. The prime rate mortgage rates, credit card interest rates, automobile loans and more. Jim Grant. Who's been running the interest rate observer since 1983. He recently said that we are embarking into a long era of higher interest rates. He says that that's due to inflation and asset price speculation and of course rates wouldn't move up in some sort of straight line from here. During recessions, interest rates fall.   Speaker 1 (00:07:14) - Well, in that case, if you had recessions during a longer term up spell, where you'd have is higher interest rate lows in a recession. Now, starting in 1958, something strange happened in America. In a recession, prices did not fall into many. This marked the beginning of the age of inflation. That was 65 years ago. So you're pretty used to that. If there is a recession, prices don't fall. All right. Well, after that period, rates went up, up, up until they peaked in 1981. And then they went down. Rates fell from 1981 until 2021, and now they have begun to rise again. Well, because artificially low rates that were set to deal with Covid, because they're still recent, I mean, many people have this sort of muscle memory of zero zero interest rate policy. Maybe you do, too. And it was an all you can eat buffet table of credit. And that buffet table was open for business for ten years. Well, now that we've hiked up the Fed funds rate from 0 to 5%.   Speaker 1 (00:08:28) - All right. Well, back on June 28th, Powell said that more restrictive policy is still the COB because they're continuing to fight inflation. And that includes the likelihood of quarter point interest rate hikes at consecutive meetings and two or more increases by the end of this year. Now, our frequent macro economist contributor here on the show, Richard Duncan. He says there is an unusual divergence between weak credit growth and solid economic growth. And that was probably brought about by the surge in savings from people's government checks during the pandemic. Well, if that divergence persists, then the Fed might have to raise rates even more than the half percent plus that they suggested is necessary by the end of this year. And Duncan says that the stock market is not prepared for the Fed rate to go from 5% today up to 6%. And if it does, the stock market could be in for a painful correction in the months ahead. Now, to my point about interest rates being hard to predict, some economists think that rates will generally fall after this year as well.   Speaker 1 (00:09:34) - So some people see it that way, but I think there are more now predicting that they will rise rather than fall. As the legendary investor that predicted that interest rates were going to go way higher when he was back here with us in 2019 is he joins us soon. We could have some challenging audio quality on this remote to Singapore, but people really hang on what Jim has to say. That's next. I'm Keith Wild. You're listening to episode 457 of Get Rich Education. With real estate capital Jacksonville. Real estate has outperformed the stock market by 44% over the last 20 years. It's proven to be a more stable asset, especially during recessions. Their vertically integrated strategy has led to 79% more home price appreciation compared to the average Jacksonville investor since 2013. Genevieve is ready to help your money make money and to make it easy for everyday investors. Get started at GWB real Estate. Agree that's GWB Real estate agree Jerry Listeners can't stop talking about their service from Ridge Lending Group and MLS 42056. They've provided our tribe with more loans than anyone.   Speaker 1 (00:10:49) - They're truly a top lender for beginners and veterans. It's where I go to get my own loans for single family rental property up to four plex. So start your pre-qualification and you can chat with President Charlie Ridge personally, though, even deliver your custom plan for growing your real estate portfolio. Start at Ridge Lending Group. Hi, this is Russell Gray, co-host of the Real Estate Guys radio show. And you're listening to Get Rich Education with Keith Reinhold. Don't Quit Your Day Dreams. Today's guest is one of the most esteemed celebrated and legendary business moguls, investors and financial commentators of our time. He co-founded the Quantum Fund, one of the world's first truly global funds. He's created his own commodities index, his own ETF, and he is a popular author of a great many books. Welcome back. For your third appearance on Jim Rogers case. There's no reason to go into all that. I'm just a simple Earth. That's why people like listening to you, because you rather plain spoken on what some people deem to be some pretty complex concepts.   Speaker 1 (00:12:09) - So it's good to have you here joining remotely from where you live in Singapore. You were here with us in both 2019 and 2021 and in 2019 here on the show you said and I've got the quote right here, if you can borrow a lot of money for a long period of time at low interest rates, rush out and do it right now, That's what you said. That was prescient. And also in 2019 here on the show, you said, and I quote again, interest rates are going to go much, much, much higher over the next few decades and it is going to ruin a lot of people. And here we are today. So what are your thoughts with regard to interest rates and inflation here? Jim.   Speaker 4 (00:12:52) - You make many mistake. Please. It's made many, many mistakes and I'm sure hope I live long enough to make many, many more mistakes. Yes, interest rates are up. They're up substantially. It sent them, but it is not over yet. Interest rates will go much, much higher because we have friend, not just we, but central banks everywhere have printed huge amounts of money.   Speaker 4 (00:13:17) - And whenever you print lots of money, inflation, college interest rates go higher and the usual amount of money inflation gets very high. And that always leads to central banks having to raise interest rates too high level because they don't know what else to do. In 1980, before you were born, interest rates on central US government Treasury bills, 90 day Treasury bills, interest rates were over 21%. Gosh, that's not a typo. 21% because inflation was out of control and we had to take drastic measures, which meant you have to do something like that again.   Speaker 1 (00:13:58) - That would be interesting. So to bring us up to where we are right now, the federal funds rate is basically gone from 0 to 5% since last year. Mortgage rates rose from 3% to 7% just last year alone. And a lot of nations are jacking up interest rates. Turkey just decided that they are going to raise interest rates 6.5% all at once. And some people don't think that is enough. So here we are. I mean, you talked about what happened about 40 years ago.   Speaker 1 (00:14:27) - Can Jerome Powell engineer a soft landing? Does he have any chance of doing that where he can raise rates enough to quell inflation but yet not crash the economy?   Speaker 4 (00:14:37) - No, of course not. First of all, in 1980, America was still a creditor nation. Now with the largest detonation in the history of the world. Yeah, that's staggering. And they go up every week, and the amount of money that's been printed is beyond comprehension. I don't know how they can solve this problem without really getting drastic and taking interest rates to very high levels back in 1980. The Federal Reserve had the support of the president. The president told him to do whatever you have to do because the head of the central bank was all over. It was a smart man. He knew what he had to do, but he made sure he had political support before he did it. Now, the president did not get reelected because Volcker did what had to be done. We don't have as smart a central bank head now as we did then.   Speaker 4 (00:15:31) - And the amount of money that's been printed is overwhelming. And America's debt with the largest detonation in the history of the world and we were a creditor then. So there are things that are different. So he would be worried if I were you. In fact, I am worried, so I'll leave it to you. But I'm more.   Speaker 1 (00:15:50) - Well, that's right. Carter was a one term president. We'll see if Jerome Powell ends up breaking too many things. If Biden only ends up being a one term president, then as well, whether it's his fault or not, oftentimes the onus could fall on him. You bring up all this debt, the greatest detonation in the history of the world. And maybe the first time you and I spoke back in 2019, I don't know what our debt was then. Maybe it was 25 trillion. Now it's more than $32 trillion. Maybe just as concerning. More our debt to GDP ratio is about 121%. So I guess really what I'm getting at, Jim, is how will we know that things break and things are already breaking in a world of higher interest rates with failing banks and more stress in the commercial real estate market.   Speaker 1 (00:16:37) - So what else is going to break?   Speaker 4 (00:16:40) - Jimmy Carter did say to go do whatever you have to do and I will go you. I doubt Biden would say to the central bank, do whatever you have to do without or you. And I doubt if the central bank Powell, the head of the central bank, now really comprehend what he's gotten us into. You know, he kept saying all along, oh, don't worry, everything is under control. The secretary of the Treasury, Janet Yellen, he's got Ivy League degrees, also kept saying, don't worry, everything is under control. We know what we're doing. We do have different people this time, not many Paul Volcker's that comes along in history. To me, the indications are going to get worse. They will not solve the problem until we have a very, very serious problem. I'm not optimistic. Having said that, if I'm not selling short or anything else at the moment, I'm worried about the markets in a year or two. But at the moment, since nobody seems to understand what they're doing at the Reserve or in the presidency, we can have okay times for a while, but the ultimate problem gets worse and worse and worse unless you deal with it.   Speaker 1 (00:17:56) - I don't know whether the economy has been slowed down enough yet or not. So in the midst of higher interest rates, we continue to create an awful lot of jobs. But there's a greater body of work that shows a lot of these jobs are just jobs that have recovered, that were lost in the pandemic.   Speaker 4 (00:18:13) - The economy is not bad in the US, economy is still strong. You mentioned office. You'll have a lot of jobs. ET cetera. Yes, we have inflation, but inflation is not as bad as it was in the 70s. And you look out the window and everything seems okay. At the moment. I'm just worried about what's coming down the road because I know that some throughout history, if you print a huge amount of money, you create big problems.   Speaker 1 (00:18:41) - We are avid real estate investors here directly investing in real estate. And as we have this chat about inflation and interest rates is real estate investors, ideally we would have low interest rates and high inflation. However, those two are positively correlated.   Speaker 1 (00:18:57) - You typically have both high interest rates and high inflation or low interest rates in low inflation. That positive correlation.   Speaker 4 (00:19:05) - Inflation always in the history has led to higher interest rates for a variety of reasons, which I'm sure you understand. If history is any guide, interest rates are going to go much, much higher eventually. And then you know very well I interest rates are not good for property, not good for real estate investors. They never have that. Even if you don't have any big debt and you don't have that problem or mortgage problems or anything, maybe your neighbors do. And if your neighbors have problems, that means their property prices will go down and that's going to affect you because you're nearby and everybody will say, oh, that property is collapsing. What about teeth? And teeth can say, Oh, no, don't worry about me. I don't have any debt. They'll say, okay, you don't have any debt, but we can buy property in your neighborhood. Very cheap because your neighbors have problems.   Speaker 4 (00:20:06) - That gives you a problem.   Speaker 1 (00:20:08) - That's right. Fortunately, Americans have plenty of protective equity in their properties despite these higher rates. You know, residential real estate here in the second half of 2023 is still doing just fine, probably because there's still a scarce supply of residential real estate. You've got more people working from home driving demand for residential real estate. But of course, office real estate has probably been hit the worst, crunched by high interest rates and the work from home trend both. So really that's where we've seen so many of the cracks in the real estate world, especially around the office space. Where else might we see cracks as interest rates continue to go higher like you think they will?   Speaker 4 (00:20:46) - Well, again, throughout history, when interest rates go higher and it attracts investors and money and people take their money out of property or stocks or whatever with their money and say yielding is you can buy the Treasury bills at 21%. That's attractive to a lot of people. And that's, you know, risk free and it's very high return.   Speaker 4 (00:21:12) - So as interest rates go higher in attracts money from other investment classes in other areas, it's very simple. People are not that dumb. We know that if we can get high interest rates safe, they will do it. And we have to take a risk and the stock market or something else for that spike to do.   Speaker 1 (00:21:33) - Sure. Higher rates just incentivize a few more people to be savers as they can now safely get above 4% in these online bank accounts today, where they are getting pretty close to 0% just a couple years ago. We talk about real estate investment. Oftentimes here we talk about improved property on a piece of land. But of course, the more traditional use of real estate is growing crops on a piece of land. And I know you've been a long time agricultural investing enthusiast and a thought leader in agricultural real estate investing. What are your thoughts about agricultural real estate, since in these past few years really we've seen more of these erratic weather patterns that have resulted in things like reduced peach yields in Georgia and reduced ores yields in Florida.   Speaker 1 (00:22:21) - Something else, Jim, we've seen reduced coffee yield in Panama, that last one, that's sort of a fractional ownership investment that we featured on the show here. Fractional ownership investment in coffee farm parcels in Panama. That's created some problems with their yield. Of course, you can see that reflected in the low levels of the Panama Canal as well that looks to threaten the economy. But what are your thoughts about agricultural real estate in this erratic weather that we've had? Perhaps that's an opportunity if that's reflected in lower agricultural real estate prices?   Speaker 4 (00:22:52) - I'm optimistic about agricultural land prices because, you know, for a long time, nobody wants to be a farmer. The average age of farmers in America is 58. The average age in Japan is 66. Mean, I can go on and on. Although the highest rate of bankruptcy in the UK is in agriculture. So agricultural disaster worldwide for a long time and disaster usually leads to great opportunities. If you know how to drive a tractor, if you should go buy yourself some farmland and become a farmer, if you like getting hot and sweaty every day, it can be a very exciting way to live.   Speaker 4 (00:23:38) - I just see I know from history when something gets very bad for a long time, it usually leads to a great opportunity.   Speaker 1 (00:23:48) - Well, you are so experienced in commodities trading in the number one, the most traded commodity in the world is oil. And it seems that the oil price really isn't very high now, especially when you adjust that for all the inflation that we've had the past few years and of course the oil market and the oil price drives the prices of so many other downstream products. So what are your thoughts with regard to the oil market and where we're headed there? Jim.   Speaker 4 (00:24:16) - I know that known reserves of oil have peaked and are in decline just about worldwide. Does it mean it has to continue going up? But unless somebody finds a lot of oil quickly in accessible areas, the price of energy undoubtedly will go higher. The price of energy is going to stay high. Oil and natural gas, whether we like it or not, and I know we don't like it, but unless you wave a magic wand and you know, in Washington, they keep doing things that they don't help the supply of energy, they they damage it because they put restrictions and controls on energy.   Speaker 4 (00:24:55) - So unless something happens somewhere in the world pretty quickly, energy is not going to be cheap.   Speaker 1 (00:25:01) - Renewables like solar and wind may be the future, but oil has a high degree of energy density that a lot of those renewables still don't. We're talking with legendary investor Jim Rogers. He's joining us from Singapore. You talked about all this dollar printing, which has created inflation. And in order for central governments and central banks to get more control over people, discussion with Cbdcs central bank digital currencies has really percolated quite a bit in the past few years here. And with your international perspective, your world view. I'd like to know what your thoughts are on Cbdcs, whether you see a proliferation of it, where you see it starting for those that aren't aware of it. Central bank, digital currencies. That gives a government central control where all money is digital issued by the central authority, where your money can be stored digitally on your phone so that a central authority like a bank or a government can have control over you.   Speaker 1 (00:26:04) - For example, if your local economy is sagging, well, the government could tell you through your cbdc, your central bank, digital currency, for example, that you need to spend 30% of your income within a ten mile radius or else your money expires. Or this would give central authorities power to do something like say, you know, there's a curfew so you can't spend any of your money after 9 p.m. or this is where they could push ESG, environmental, social and governance agendas through targeting your spending or targeting your spending through diversity, equity and inclusion and getting more control that way through Cbdc. So what are your thoughts with the proliferation potentially of Cbdcs, Jim?   Speaker 4 (00:26:44) - We're all going to have digital money in the future, whether we like it or not. It already happened and China's way ahead of it. You can't take a tax in China with money. You have to have your digital money. Your own money. Yeah. And the ice cream in China with money. So it is happening. And nearly every country is working on computer money.   Speaker 4 (00:27:06) - Let's call it whatever you want to put your money. And governments love computer money is cheaper. It's easier. They don't have to transport it all they love. But mainly they love it because they've complete control over all of us. As you point out, they know everything you do. They'll call you up one day and say, Keith, you've had too much coffee this month. Stop drinking so much. Whatever it is, they love control and they love knowledge. I don't, but they do. So this is the world we're coming to. None of us will have money in our pockets except on our own. And yes, that's the new world. It's not far away in 2023. Okay. Anything that's not good for the citizen, Washington will catch up very fast if it's good for them. So no money is coming.   Speaker 1 (00:28:00) - Yeah. Let's hope the cbdcs don't turn up the coffee for anybody. This might make one wonder, you know, what can they do about it is you see more cbdc sentiment building in other nations with them potentially doing something like this.   Speaker 1 (00:28:15) - Is it a smart thing then for someone rather than store dollars, to instead borrow dollars by having loans on real estate? Or is it better to just completely be out of the government system of currency issuance or at least park more of your prosperity outside of the government system of dollars and euros and pesos and riyals and yen, and instead into a non governmental alternative like gold or Bitcoin. Would that be a better path? What are your thoughts there?   Speaker 4 (00:28:44) - When the government says, okay, now this is money, they're not going to say, okay, but if you want to use that money over there, use their money. We don't care. Governments love control and they love Monopoly, especially when it comes to money. So there may be competing types of money that you dollars now anyway. I guess you and I could swap gold coins or seashells or something if we wanted to. Most of the people in the US use government money and that's the way it's going to be. Whether we like it or not, the government has the monopoly.   Speaker 4 (00:29:22) - They have the guns. And if you can say, All right, I'm not going to use government money, I'll say, okay, but you're not going to be able to pay your taxes, then you're money. You're not going to be able to buy a driver's license or pay your other fees with other money. You're going to have to use government approved money.   Speaker 1 (00:29:42) - Well, the government tried to shut down ownership of gold like they did previously or Bitcoin, which would be unprecedented. I'm talking about the United States government, especially in this case or other developed economies.   Speaker 4 (00:29:54) - But when the US took away the right to go in 30s, that was gold was the basis for. Monetary system. It is much, much, much more important to the world economy. Then gold is not that important in the world's economy now. It's important, but so is right. So a lot of stuff. So I doubt if they will take gold away again. I don't see them outlawing digital money currency unless it becomes very successful and competitive to the government.   Speaker 4 (00:30:30) - Then they'll do. They always have.   Speaker 1 (00:30:33) - Bitcoin's market cap is still under $1 trillion, but increasingly you do have more and more politicians that own Bitcoin and there are a few advocates for Bitcoin there in Congress. So if that's the change you want to see, maybe you want to vote in people that are promoting the holding of prosperity outside of US dollars really by being Bitcoin advocates in Congress there. That's one thing that you can possibly do. But we talk about gold and silver. You know, I really like the fact that it is scarce. Just like Bitcoin has scarcity. There will never be more than 21 million Bitcoin. And of course gold and silver have a finite supply.   Speaker 4 (00:31:14) - Well, but first of all, please remember many digital currencies, not Bitcoin, but many have already disappeared and gone to zero.   Speaker 1 (00:31:23) - And there are some Bitcoin critics out there that say something like, well, there have been more than 20,000 cryptocurrencies. So what makes Bitcoin any better? Well, I think the fact that a lot of these cryptocurrencies that have little or no utility or mean coins, so if they come by and then they die, I don't think that should diminish Bitcoin in its utility in any way.   Speaker 1 (00:31:42) - Just like there have been over 20,000 stocks in history. And if a new stock comes by that doesn't have any value or any fundamentals and it fails, it doesn't diminish the market cap leader Apple one bit at all. So I don't think it's a valid comparison to say that just because a new cryptocurrency comes and goes that shouldn't diminish or knock Bitcoin at all, just like it shouldn't Apple, if a flashy new stock comes by and dies?   Speaker 4 (00:32:06) - Well, throughout history, money has come and gone. People use seashells, people use cows, People use lots of things, glass beads all over the world. You know, the US was founded on a silver standard at 1792. Silver was the basis for the US currency that later changed to gold.   Speaker 1 (00:32:27) - What's so interesting, Jim, written in our United States Constitution, it stated that gold and silver shall be money, but of course it's not. In Nixon completely departed the last vestige of that in 1971. Yet there was no amendment written to the Constitution to supersede it.   Speaker 1 (00:32:47) - Gold and silver shall be money when it comes to currency and how one measures the prosperity in the United States. It is the dollar. We know it's going to continue to be the dollar for some period of time yet, and you can't get too many certainties in investing. And really the second near certainty we can get is that the dollar is going to continue to diminish in value. So that's why rather than save it, we borrow for real estate. Jim, wrap it up here. In this world of higher inflation, though, it's come down in higher interest rates where you tend to think they will keep going higher. What should one do, maybe especially a younger person today, You know, any direction that you would have for a younger person, a younger investor, or maybe that's even investing in themselves and developing skills themselves. So what are your thoughts?   Speaker 4 (00:33:33) - They're all investors. Young, old, whatever should invest only in what they themselves know a lot about. If you want to be successful, don't listen to somebody on the TV or in the magazine or even on the Internet.   Speaker 4 (00:33:48) - You know your program. They should invest only in what they know about you. Listen to somebody and she said, Buy X and you buy x and x goes up. You don't know what to do because you don't know why you bought it. Right? X goes down, you don't know what to do because you don't know why you bought it. So if you want to be successful, just stay with what you yourself know a lot about. You might say that's boring. Be boring If you want to be successful, be boring. You know, invest in what you know. And I cannot tell you how important that is for all investors, young or old.   Speaker 1 (00:34:31) - Yeah, well, to sum it up on rates, Jim Rogers said that governments have debt, therefore governments will keep printing. So then governments will raise rates to keep inflation in check. Remember, just last year, a lot of people didn't think that Powell would have the guts to raise rates so high. Well, he sure did. Who else did I ask about how high interest rates will go? Will, I asked you on our get Recession Instagram poll, the majority of you think.   Speaker 1 (00:35:01) - That the Fed rate will exceed 6%. And again, it's about 5% now. All right. Well, then with mortgage rates around six and three quarters now, perhaps they'd go up to about 8%. But of course, mortgage rates don't track the Fed rate in lockstep. They more closely follow the yield on the ten year note. Now, this is really interesting for real estate investors when inflation is low. So interest rates, well, in those environments, real estate people seem to love that. But you know what? Those two things pretty much cancel out. Well, since we're big borrowers as real estate investors, you get less benefit from low inflation and more benefit from low interest rates, just like high inflation and high interest rates cancel out because now you've got your debt being debase faster and a greater interest expense to pay. So really it's a wash either way. If for some reason real estate investors seem to be more concerned about high interest than they are thinking about the benefits of the high inflation and in fact, real estate investors, hey, we can totally have our cake and eat it too, because when inflation goes high, well, you can stay fixed on your low interest rates.   Speaker 1 (00:36:16) - And then when inflation and rates go low, you can refinance. So savvy real estate investors then in fact benefit from the inflation and interest rate dance. This kind of tango that they do where they stay together. If you enjoy the show here each week, do you mind doing something as a give back that takes less than two minutes of your time? Leave a podcast rating and review. The fastest way to do this is just perform a search. Either search how to leave in Apple Podcasts Review, or how to leave a Spotify podcast review. I'd be grateful that helps others find the show. And we've got a bunch of terrific episodes coming up for you here on Gray, providing you with free content and reliably showing up for you every week. I would greatly appreciate your podcast rating in review. Again, it's easiest to simply search how to leave an Apple Podcasts Review or how to leave a Spotify podcast review until next week. I'm your host, Keith Weintraub. Don't quit, dude. Adrian.   Speaker 5 (00:37:24) - Nothing on this show should be considered specific, personal or professional advice.   Speaker 5 (00:37:28) - Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.   Speaker 1 (00:37:52) - The preceding program was brought to you by your home for wealth building Get rich education.com.

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Should you borrow money from your family? It could hurt your relationship if the deal goes wrong, but strengthen an existing partnership if everything goes right. Maybe a better question—how should you start raising private capital for your real estate deals? When it comes to the debt vs. equity debate, which makes more sense in your situation? Don't worry, we're bringing answers to all these questions and more!Welcome back to another episode of Seeing Greene, where your host David Greene answers questions from both aspiring and established real estate investors. We're also joined by Alex Breshears and Beth Johnson, two expert private money lenders and authors of the newest BiggerPockets book, Lend to Live. They help tag-team some private money-specific questions as well as give context on who you should and shouldn't accept funding from.Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he's going live so you can hop on a live Q&A and get your question answered on the spot!In This Episode We Cover:How to use real estate depreciation to offset income from a W2Sell, refi, rent, or hold—which is the best move as the market gets shaky?Whether building a purely passive real estate portfolio is possible or improbableHow to pay back private money and whether taking debt vs. equity partners is the best moveBorrowing money from family and how it could hurt your real estate deals and relationshipsWhy understanding a lender's pain points is mandatory before accepting money from themAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramRob's BiggerPockets ProfileRob's YoutubeRob's InstagramRob's TikTokRob's TwitterBiggerPockets Podcast 636 with Amy Mahjoory (Part 1)BiggerPockets Podcast 637 with Amy Mahjoory (Part 2)Scott Trench's 10-Step Checklist to Buy Your First Rental PropertyBooks Mentioned in the ShowLend to Live by Beth Johnson and Alex BreshearsThe Win-Win Wealth Strategy by Tom WheelwrightSet for Life by Scott TrenchConnect with Beth & Alex:Alex and Beth Email on Lend2LiveBeth's Email on Flynn Family LendingAlex' BiggerPockets ProfileBeth's BiggerPockets ProfileLend2LiveFlynn Family LendingClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-645Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.