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2 episodes with brickx
3 episodes with brickx
2 episodes with brickx
2 episodes with brickx
We all love winners. We love hearing about the big wins and the perfect track records. It feels good. It feels safe. It instills us with a sense of trust. But I've been in business long enough to know that virtually all individuals who are long-term winners have had profound moments of failure from which they learned invaluable lessons. Those are the people I really want to hear from. They have the kind of knowledge we all need as we navigate through life. It's called wisdom. Surgeons have a saying: “If you've never had a complication, you haven't done enough surgery.” In my surgeon days, I had a handful of complications. Let me tell you—they are no fun. You stay up at night replaying things in your mind, trying to figure out how you could have done things differently—how you could have had a better outcome. Even when unavoidable, those complications teach you something you'll never get from textbooks. It's been no different for me when it comes to business and investing. But I take comfort in knowing that even the greatest investors of all time had their moments of failure and rose from the ashes stronger and wiser. Warren Buffett. Ray Dalio. Every big winner has a story of failure. And while it may be cliché to say that we learn best from mistakes, I truly believe it. The good news is that those mistakes don't have to be our own. Learning from other people's mistakes can be just as effective. This week's episode of the Wealth Formula Podcast is with Russell Gray—a guy many of you already know from his podcasting and radio career. Russ lived through 2008 up close. He took a beating, and he talks openly about what went wrong. But that period also changed the way he sees the world—in a good way. It changed how he thinks about risk, leverage, and what actually matters when things stop going up. That mindset is a big reason he's been successful since then. It's a conversation worth your time. Transcript Disclaimer: This transcript was generated by AI and may not be 100% accurate. If you notice any errors or corrections, please email us at phil@wealthformula.com. If you let the debt run, at some point you fall into a debt trap where the interest on the outstanding debt consumes all of the available discretionary income, and then you’re borrowing just to service the debt. Welcome everybody. This is Buck Joffrey with the Wealth Formula Podcast coming to you from Montecito, California. Before we begin today, I wanna remind you there’s website associated with this. Podcast called wealthformula.com. It’s where you will go if you would like to, uh, become more, uh, ingrained with the community, including getting on some of our lists such as the Accredit Investor Club. Of course, it is a new year and there are new deal flows coming through. Lots of opportunities that you won’t see anywhere else if you are a, an accredit investor, which means you. Make at least $200,000 per year for the last couple years with a reasonable expectation of doing so in the future. That’s 300,000 if you’re filing jointly or you have a million dollars of net worth outside of your personal residence. If you, uh, meet those criteria, you are an accredited investor. Congratulations. You don’t have to apply for anything, whatever, but you do need to go to wealthformula.com. Sign up for the Accredited Investor Club, get onboarded. And all you do at that point is look at deal flow, and if nothing else, you’ll learn something. So check it out. And who doesn’t want to be part of a club? Now let’s talk, uh, a little bit about today’s show. You know, um, we all love winners, right? We love hearing about big wins, the perfect track record. It feels good. It feels safe, gives us a sense of trust. But the thing is, I’ve been in business long enough to know that virtually all individuals who are, what you would call long-term winners, have had profound moments of failure from which they learned, um, invaluable lessons. So those are the people that I really like to hear from. You know, they have the kind of knowledge we all need that as we navigate through all of life, and it’s called wisdom. Um, surgeons, as you know, I’m an ex surgeon. Have a saying, if you’ve never had a complication, you haven’t done enough surgery. Uh, in my surgery days, I certainly, you know, had a handful of complications just like anyone else who did a lot of surgery. And, and lemme tell you, there, there are no fun, right? So you stay up at night replying things in your mind, trying to figure out how you could have done things differently, how you could have had a better outcome. And sometimes you realize that those mistakes were unavoidable, but. You still learn something from them. And in these cases, you always learn something that you’re not gonna get from the textbooks, just from reading something. And you know what, it’s been no different for me when it comes to business and, and investing, but I, I take comfort in the fact, uh, that even the greatest investors of all time had their moments of failure and arose from the ashes stronger and wiser. All you have to do is look up stories of Warren Buffet and Ray Dalio. And Ray Dalio basically lost everything at one point, uh, because he, you know, he had a macro prediction that went completely south. But listen, uh, the, the point I’m trying to make here is that every big winner, every big winner I know of as a story of failure. And while it may be cliche to say, you know what we learned best from our mistakes, I, I truly believe that. But the good news is that those mistakes don’t have to be our own, right? So you can learn from other people’s mistakes as well, and that can be just as effective. Uh, so this week’s episode of Well, formula Podcast is featuring a guy that you may know. His name is Russell Gray. Russ, uh, has been around a long time, uh, in the podcasting world. And radio. You know, he talks a lot. He’s talked many times to me at least about living through 2008. And you know what that was like, the beating he took and, you know, what went wrong? Uh, you know, it’s, it’s something that he talks about because, you know, he’s a successful guy and that period in time changed. You know, the way he sees the world, the way in which he behaves in that world. How he thinks about things like risk and leverage and you know, what actually matters when things stop going up. Uh, it’s a mindset thing and it’s important. Um, and we also obviously talk about other things as well, such as, uh, Russ’s current take on the economy. Uh, so anyway, it’s a, a good conversation and it’s one that you’re gonna wanna listen to, and we’ll have that for you right after these messages. 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Welcome back to Show Everyone. Today my guest on Wealth Formula podcast is Russell Gray. He’s a second generation financial strategist and, uh, you may know him from being a, the former co-host of the Real Estate Guy Radio Show, which is one of the longest running, uh, uh, radio shows of its time, uh, in the United States. He’s, he’s a founder of. Raising Capitalist project, which is an initiative focused on helping aspiring investors and entrepreneurs how to better understand how wealth is actually created and how uh, economic systems really work. Uh, he’s best known for his emphasis on real assets, cash flow, economic cycles, and preserving wealth and what he views as an increasingly fragile financial system. Welcome, Ross. How are you? Good buck, happy to be here. And, uh, proud of your success on your show. I remember way back at the beginning you were like, Hey, I wanna start a podcast. Yeah. Yep. You’ve done a great job. Yeah, it was an idea. I was like, here’s the idea. Start a podcast, build a community, all that kind of stuff. But it’s interesting. Uh, well, and let’s talk about what’s going on now. You’ve spent decades teaching people about, you know, real assets and cash flow. But lately your writings feel more focused on systems and and macro forces. So what’s changed? Has something finally become too big to ignore? Well, I think there’s two things you know personally, uh, most people who have heard of me or followed me know that 2008 wasn’t kind to me. I was in the mortgage business. I was very leveraged into real estate all over the place. Had my businesses for cash flow, had the real estate for equity growth. Believed that real estate was hyper resilient and gonna be the beneficiary of inflation. Didn’t understand the dependency on credit markets in both my business and my portfolio. And so that was a big mess, not doing, uh, a real SWOT analysis and understanding. And the third part of that, that was tough, is that I operated the business primarily on credit lines as well. So I had virtually no cash. And so when the credit markets seized up. Canceled my income, it canceled my credit lines and it evaporated my equity. And now all I had was negative cash flow on debt, on real estate. I couldn’t control. And so I looked at that and I said to myself, you know, I’m a pretty smart guy. I. Pride myself on paying attention. So obviously I’m not paying attention to the right thing. So I became obsessed with the macro, uh, picture and, and the financial system, which, you know, to me it’s, it’s the macro economy is what’s going on with, uh. Geopolitics and the energy and, you know, even policy, uh, that affects, uh, how well money can flow through the system. Both monetary policy from the Federal Reserve and fiscal policy from the government now today in the Trump administration trade policy. And so I began to pay attention to all those things, but from the standpoint of not how it was gonna affect the stock market, but how it was gonna affect the bond market and interest rates and the availability of credit, and how it was gonna affect Main Street. Directly and specifically now in terms of jobs and job creation are real wages. And so when I started really looking at all that, um, I, I, I realized that there were some things happening that were gonna be really good, and there were also some things that we needed to pay attention to. And these things move very slowly. So in 2010. I saw that coming outta the financial crisis, the Chinese were very upset with the United States about how much the Fed Balance sheet was expanding, and they were concerned about their very large investment in US dollar denominated. Bonds, and so they began creating bilateral trade agreements with Russia and many other countries to where they could begin this large process of de Dollarizing. Well, that was the first time I’d seen that movie, because it was the same thing that the Europeans did after they saw the Nixon default. Right? They began working on the Euro, which took ’em from 71, 72 when they started, maybe 74 when they started, but it took ’em till 99 to get it done. But you know, once they got it in place, over time, the Euro, the Euro has taken over 20% of global trade. You know, that’s market share from the US dollar. And so I saw this BrickX thing beginning to form. Uh, and then I saw the other thing on the macro that I thought was gonna be really good was in the jobs act, something you’ve benefited from as a syndicator, we. I wrote that report, new law breaks Wall Street Monopoly. And so, uh, even though I, I can’t tell you I was a big fan of Barack Obama, but he signed that legislation that happened on his watch. And I think it was fantastic because now it allowed Main Street syndicators, main Street Capital raisers to advertise for accredited investors and began to really, uh, level that playing field and open up Main Street, uh, to invest directly in Main Street. And so I met you in the syndication program that we put together with the real estate guys to coach real estate investors on how to become capital raisers to, to capitalize on that trend. So that’s, you know, kind of how I kind of became doing what I’m doing. And then when I decided, uh, just about 20 months ago to depart the real estate guys, I wanted to take some of the things that I originally set out to do when I first met Robert Helms way back in the day. And, you know, as relationships go, you know, he has his interest in the things that he wants to do, and I had my interest in things I came to do. And for a long time we were aligned well enough to continue to work together. But it got to a point where, for me, I, I wanted to go off in a different direction, and part of that was driven. By the, the death of my late wife. Uh, you had me on the show right after that happened to me, and I was going through this like, who am I? Why am I here? What am I supposed to do next? What do I really want to get done before I die? And so all of those things kind of informed my personal decisions to, to make a switch. And then of course, what’s going on in the macro. Um, what I saw with Trump 1.0, what I saw in the Biden administration and those policies, and then what I thought would happen in Trump 2.0. And I did a presentation on this at the best ever conference in March of 2025, right after he’d been inaugurated. And, and so, uh, that, that’s kind of has me where I feel like there’s some real opportunity coming. Uh, there’s also some things we need to be aware of on Main Street. Yeah. So you’re bullish on Main Street in general, but you’ve been pretty cautious about the broader financial system. So, uh, what are the things that you’re worried about? Well, I, I think if you understand the way the financial system works, uh, it has a shelf life and that. It’s because it’s, it’s a system that is, depends upon ever increasing debt. Um, people say, I wanna pay the debt off, but if they, if they really understood the system, at least the way I think I understand it, uh, and I’m not alone in this, so it’s not something I just figured out on my own. But, um, you know. I, I don’t want to sit here and pretend like I’m the world’s foremost expert, but the way I understand the way the system works is that it, it requires ever increasing debt, and if we were to pay the debt off, it would collapse the system. So I think you waste a lot of time and energy and from a policy perspective, trying to argue about doing that. And I think that’s why it’s never, ever, no matter what administration, what politician, what mix of congress, what. Pressure there is everywhere globally. The system, the central banking system, the way it works globally, is designed to create ever increasing debt. So the, the flip side of that then is to let the debt run. And if you let the debt run, at some point you fall into a debt trap where the interest on the outstanding debt consumes all of the available discretionary income. And then you’re borrowing just to service the debt. Yeah, that’s about $1 trillion right now, by the way. Which is. Which is, uh, about the, the, the defense, uh, budget. Well, and I think that the bigger thing is when you look at, at the interest on the debt and mandatory spending, there’s virtually no room left after that. So if you’ve got, you’ve got the mandatory spending and you’ve got, um, debt service, you, you have very little room. So it’s not. Feasible either for two reasons. One is there’s just not enough discretionary room to be able to cut expenses enough to, to ever manage the debt. Number two, as I previously mentioned, if we were ever to effectively try to pay down the debt in any appreciable way, it would crash the the system. So the, the way I look at it is it’s, it’s, it’s got to be replaced. There’s going to be a great reset. I think the World Economic Forum was trying to set that up for the world, and they had an agenda. I’m, I’m not particularly fond of. Um, there’s been talk about creating a central bank digital currency, which I think is what, you know, the Federal Reserve and the, what I all call the wizards, uh, or the powers of B would prefer. Uh, but I think if you care about privacy and, and, you know, individual sovereignty, uh, and, and just personal freedom, um, I have a lot of concerns about a central bank digital currency. Um, I think the popularity of Bitcoin, uh, if it was, you know, and who knows what the. True origins were, but let’s just take it at face value. I think a lot of the people, at least that were the early adopters before it had the big price run up, was just a way to escape, uh, the system before it failed. And so you’ve got that. And then you’ve got, again, as I mentioned, the bricks and this global effort to de dollarize, which was I think really kicked off. After the great financial crisis and the massive expansion of the Fed’s balance sheet. And then I think picked up a little steam when we froze Russian assets and people began to see that the US might use the dollar and the dollar system, uh, for political instead of being neutral. And I think that picked up some steam. And, and so there’s, there’s both a geopolitical drive to. Uh, come up with a new system. There is, I think we’re at the end of a shelf life that some type of a new system is gonna have to be, uh, created. Uh, and, and then you look at what Donald Trump is doing and what he’s espousing. You know, let’s get rid of income taxes. Let’s get back to pulling in, uh, revenue from tariffs the way the country was originally founded. Uh, he’s talked about eliminating the IRS and going with an ERS, an external revenue service. There’s people that think that he might beat. Wanting to try to get back on some form of sound money, you know, coming out of, Hey, let’s audit the Fed, let’s audit the gold. I mean, let’s audit the gold. And, um, so, you know, we, you, you never know what what’s really gonna happen, but, but I think what we have to pay attention to are the signs that the system is beginning to break down. And one of those signs that I pay a lot of attention to is monetary, metals, gold and silver. I make a distinction between precious metals, which would also include platinum and palladium, and of course they’re strategic metals, but I just focus on monetary metals, which would be gold and silver, and gold and silver. We’re telling you that people would prefer to be the, the, the safe ha haven asset is no longer us treasuries, but, um, but, but gold and central banks have been driving a lot of it. This isn’t the retail market driving it yet. It, it’s really central banks have been accumulating. And so those are the ultimate insiders when it comes to currency. And if the insiders in the currency markets are repositioning into gold, uh, I’d, I’d call that a clue. Yeah, absolutely. Um. Yeah. You recently commented on the public criticism, president Donald Trump made toward, uh, uh, Peter Schiff. What stood out to you about that exchange? Maybe give us some background people. Not everybody knows who Peter is and, and, uh. And all that. So, yeah. Well, I mean, as you know, I’ve known Peter for 12 or 13 years and, uh, I had read his father’s work way back in the day. He is a very famous in the tax protestor world as somebody who just believed that income taxes were unconstitutional. And he resisted that and ended up going to jail for, died in jail as a matter of fact. And so that was, uh, I think sad. Um. But, but to me it felt like a little bit of being a political prisoner, but be that as it may, that’s how I got to know Peter. And so Peter is a guy that comes from the Austrian School of Economics and he believes in sound money. He believes in gold. He does not like Bitcoin. I’ve sat on panels the last two years with Peter, uh, in between him and Larry Lepard. And you know, Larry is a, a former gold guy. He’s still not opposed to gold, but he’s a hardcore sound money guy. But he likes Bitcoin. Peter hates Bitcoin and they get into it, and I usually sit in between ’em and try to keep things calm. Well, you know, so Peter ended up going on Fox and Friends, uh, I think on whatever it was, Friday the eighth I think it was, or whatever, whatever day that was. And he, he criticized Donald Trump’s spending. And, um, budget deficits and said that it would lead to inflation, and that’s a hot button for Trump. And so Trump, yeah. Uh, responded to him, uh, I think like four 30 in the morning on Saturday morning and called Peter, uh, a. Jerk and a total loser. Well, actually I saw it before Peter did, and so I took a screenshot and I texted it to him. I said, Hey, have you seen this? You know, maybe I’ll press is good press. And I think to a degree, maybe it has been me from, I understand Peter ended up on Tucker Carlson’s show as a result of that. So, but I made a video right after that because I, you know, there was a time when. I’m friends with Peter Schiff and I’m friends with Robert Kiyosaki. As you know, I, we introduced you to both those guys and, and at one point they didn’t like each other very much. They got into it ’cause, you know, and, and so we introduced ’em to each other and found that they had more in common than they, they didn’t. And I, I think that that would be true. Not that I’m in a position to introduce Peter to, to Donald Trump, but I think the way Peter is looking at it is true. Um, but there’s context and I think the context is super important. Now I’ve been studying Donald Trump as a businessman way before he was a presidential candidate or a politician, you know, before he was a polarizing guy, a pariah for some people. He, he was just this real estate guy. He’s good at marketing, he’s a real estate guy, and as you know. We got to know his longtime attorney, George Ross. And so I’ve had a chance to have conversations about what it was like working with Donald Trump, the real estate guy, and when he became a politician, I asked George, is he a crazy man? Does he shoot from the hip? And you know, I got a lot of reassurances that he is a sober sound. Methodical, self-disciplined guy and, and I think he uses the eroticism to keep people off balance as a negotiating tactic. And he writes about that in the art of the deal. So the context that I think that people need to have, and I’m not here to defend Donald Trump, the man. I’m not here to defend Donald Trump, the politician, but I look at the policies and what I think he’s up to in the context of realizing that we have a system that is fundamentally flawed and has to be remodeled. So to use a real estate, uh, metaphor, it would be like we have a hotel building that is very tired. It’s at the end of its life, it’s got to be remodeled, and so you can’t. Completely shut it down because it’s an operating business, so it’s gotta operate during the remodel. And so you begin to, um, reposition things and. You, you, you’re not gonna run optimally, so you’re gonna run some deficits while you’re doing the remodel. You’re gonna go into debt because you got a lot of CapEx to do, and during that period of time, your debt and deficits are gonna be a problem. But real estate guys look at debt and deficits not as a permanent condition. I think Peter is saying, Hey, you’re just running up debt and deficits. Well, in the short term he is. Honestly, I don’t think Trump is concerned about that. I think he’s focused on getting this remodel done, and part of that remodel was showed up in the last jobs report, right? We lost jobs to a degree, but they were government jobs, and what we got was a lot of gains in private sector jobs. Scott descent, his treasury secretary, has come out and overtly said, we are an administration for Main Street, not for Wall Street. So if you’re going to de financialize this economy and turn it back into a productive economy. You’re going to have to have policies that are gonna stimulate Main Street, and that’s, that’s the, the, the new units that you’ve rehabbed in your hotel that you wanna move people into. At the same time, you gotta move them outta the old units, which is people making money, trading claims on wealth instead of producing real goods and services, which is the financial ice economy. So it’s not about banking, it’s not about stocks, it’s not about Wall Street. You know, you need the stock market to stay up. But really what you need to do is you need to create production. And, and, and I think that’s fundamental. I think he understands we’re never gonna pay the debt off by cutting. We’ve got to keep the system running until we can get to some form of sound money. We’re actually paying the debt off as realistic, and then we have to earn so much money that the debt relative to our earnings shrinks. So it’s not paying down the debt, it’s paying down the percentage of GDP by growing GDP. And the presentation I did at best ever in March of 2025 was me explaining why I thought. His policies, were going to allow him to increase velocity and increase wages by cutting taxes, interest regulation, transportation costs, and, and again, that was six weeks into administration. That was theory. I’m gonna do a follow up in March of this year to say, okay, looking back when I gave the speech a year ago, what’s transpired, but I can already tell you a lot of the stuff that I thought he would do. He’s done. And I think that’s muting some of the inflation that his spending and deficits to Peter’s point are causing. And that’s why when this last CPI report came out, it wasn’t as ugly as everybody thought it would be. And, and this is when you don’t look at, when you look at it in the mono, you just look at one thing and Peter’s very fixated on this quantity of money theory. Then the expectation is that you print a bunch of money, you run a bunch of deficits, you’re gonna get inflation. And it’s just a. Equals B or A leads to B. But there are other nuances and I think Trump is looking at more like a real estate developer, which makes sense. ’cause that’s his background. Yeah, yeah, absolutely. It’s, I mean, and then the other just point to, to make there is that there is probably, um, now inflation’s a tricky thing, right? Like on the one hand you don’t want this riding up, but on the other hand, it actually helps with that debt. You’re, you’re basically eroding the debt by letting inflation ride a little bit higher at the same time. And I think the Trump administration knows that it’s a tricky thing to balance, but the goal is to, you know, get GDP pumping at, you know, four or 5%, but it’s gotta be real production buck. And that’s the difference, right? The old way of dealing with the debt was inflation. And, and I think people think that he’s using the old formula, but I don’t think he is. Well, I think it’s, I think, I think it’s definitely geared towards increasing real GDP, but I think in the process there’s probably, they probably care less a little bit. Of inflation riding up a little bit in the meantime. ’cause you’re still gonna have, I think he thinks he can mute it. I think he can mute it with lower taxes, lower interest expense, lower energy costs. And the energy is the economy. And from day one, that was the first policy. He’s, he’s aggressively gone after lowering energy costs because that has a, a, a ripple through, it just affects every area of the economy. And then the regulations in, in the last cabinet meeting. It was reported, the way I understood it, that for every regulation his administration passes, they’ve eliminated 48. So it’s actually, he’s removing the friction. And I think the bigger thing is, and I, and I was on a panel at Limitless, uh, this last summer, and TaRL, Yarborough was moderating the panel, asked the panelists what we were looking at that maybe other people weren’t looking at that. Um. You know, is, is a signal about maybe the direction it was. We, I, I can’t remember. This was a prediction panel and what I said was trade policy because everybody in finance spends all their time looking at the flow of money and trying to get in front of the flow of money. And we’re so used to the money coming from the Fed or coming from the treasury. So they’re gonna come from monetary policy or fiscal policy. And that’s what Peter’s doing. He’s looking at the Fed and he is looking at the treasury. And so what I’m looking at is not just the tariff income, which is relatively minor, but I’m looking at the trade deals, and those are published at the White House and there’s a couple trillion dollars of money that’s FDI, foreign Direct Investments coming right into Main Street. And it’s gonna build infrastructure. It’s gonna build factories. It’s good. And they tell you where it’s gonna be because they, they came back with the opportunity zones, which I thought they would do. Makes sense. It’s the way he thinks. And then taking those opportunity zones, the governors can say where in their state they want that money to go. Well, people on Wall Street don’t think geography ’cause they operate in a commodity world that trades on global exchanges. But real estate people. Geography matters a lot. So if I’m a Main Street person, I live on Main Street and I’m looking for Main Street opportunities, I wanna look where that money is going to be flowing in geographically. And then there may be opportunities in real estate or small businesses in those economies, and you can see it coming, but nobody talks about it. So I created Main Street Capitalist as a show to begin to talk about it. I still do the investor mentoring club, which is, you know. A premium thing where we get together every month and we talk about these things. And the point is, is that if you understand, I think what he’s doing, then you can, you can begin to paddle into position. And I think, again, I am really bullish if he loses inflation. If he loses to inflation, he’s cooked. He knows it. I think that that even the suggestion that Peter made that he was losing to inflation is what flared him up. And so I wasn’t trying to necessarily defend. Peter and I wasn’t trying to defend Trump, I was just trying to reconcile that it is possible that both guys could be right at the same time from their perspective. And so I, you know, I, I had one guy take exception because he felt like I was defending Trump, but for the most part, I got positive feedback on the video. I, I, I, you saw it. So you tell me. Did it make sense? Yeah, yeah, yeah. Absolutely. So when you look at today’s environment, everything going on, where do you think investors are most vulnerable? Um, I, I think that if you are very dependent upon, um, healthy credit markets, we could have a disruption. And that’s what happened to me. If Trump loses the inflation battle even for a little while, little be reflected in interest rates. And the challenge is right now that he is asked the Fed to quote unquote lower rates, but the Fed actually doesn’t like. Set rates, what they do is they set a target and then they manipulate markets to achieve those rates. And if, if people believe the fed, there’s a little bit of front running. So what’ll happen is the Fed will come out and go, oh, we’re gonna lower rates, which means bond prices are gonna go up. So they’re like, that’s great, let’s go buy a bunch of bonds, which drives rates down. So the Fed just by talking. Begins to move the market and then they hope that later on the Fed will buy those bonds from them at a profit to push rates down. Does that make sense? So, so when the last two times the Fed has raised rates in their target, the 10 year has responded in the opposite direction. Which means that the market is like not buying in, and the Fed is gonna have to step in. And when the Fed steps in, they do it by printing money out out of thin air. Now, the concern about that is that when they print the money out of thin air. If they’re replacing bonds on their own balance sheet, that’s kind of a circle and it doesn’t leak out into the economy. If they’re buying new issuance from the the treasury, then that money is gonna work its way through the government to to to main street. Now, the Trump administration can prevent some of that by keeping the money in the Treasury, for example, uh, Trump 1.0 left. The Biden administration with, I think over a trillion dollars in, in the treasury checking account, and Janet Yellen put that into the economy right away during the lockdowns, which immediately created extreme inflation because you muted production at the same time you goose. Uh. Purchasing power, you know? So anybody with like three ounces of economic understanding could have told you that that inflation was gonna come, it was gonna come hard, it was gonna come fast, and it was gonna be stickier than than you thought. ’cause once you let that money out in the economy, it’s out. It’s out and the only way to mute it is either to suck it back, which is very, very difficult, or to outproduce it, and it’s very hard to produce anything when everything’s in lockdown. So I think that, you know, those days are behind us. I think the policies that we’re embracing now are more. Pro productivity. And I think that even if the Fed does have to step in, as long as that money doesn’t leak out into the economy, and part of it is the treasury being able to throttle some of that, and the money that does go into the economy doesn’t go into stimulus, but goes into CapEx and infrastructure, that’ll actually, uh, create. Production. Then I think that, you know, this, this game plan that I think they’re trying to execute has a chance. And so I, I’m, I’m watching for it. And of course, to answer your question, what do we have to worry about that it doesn’t work? Right? If it doesn’t work, then inflation will show up. Interest rates will rise, credit markets will crash, it will take real estate values with it. And the hedge is really gonna be, what I’ve always talked about is gold. I started talking back in 2018 when we were the zero bound with interest rates. Hey, there’s only one way interest rates can go and that’s up. And if they go up fast, then that’s gonna crash bonds. So it would be smart, and that’s gonna take real estate equity with it. So it’d be smart when you have real estate equity and low rates to pull some of that equity out and move it into gold. And I called that my precious equity strategy. If I have a video I did at the Vancouver Resource Investment Conference in January of 2022, explaining that when you could still really execute on that, and I’m not saying that you couldn’t do it today, but it’s harder, but the people who did it back then, I mean, you know, they’ve, they’ve seen their gold almost triple. And at the same time, they were able to lock in interest rates that are, you know, a half what they are today. So when you see those mega trends and you can begin, and that’s the stuff I didn’t know how to do in 2006, 2007. I didn’t understand any of this stuff. The, the, you know, losing everything in 2008 forced me to become a hardcore student and then try to apply that to Main Street strategy. And so I think gold and real estate and debt, they all work really well together depending on where you are in the cycle. Do you think that Main Street investors may actually have some advantages in periods like this? Yes, a ton because I think what’s gonna happen is if we have a, um, a, a, a restructure of the financial system into something more responsible, which I think is either gonna be forced upon us or it’s gonna be done by design, and I hope we do it by design. But when that happens, then the days of just buying low and selling high and riding the inflation wave that goes away. And so now it’s gonna be very, very important to understand how to invest for. Productivity. So I call it, you know, buy low sell high trading as an acronym, B-L-S-H-T you. You can sound it out for yourself phonetically. And then the other one is poo, which is productivity of others. And I think that if people focus on investing in the productivity of others, which is what Main street investors, especially real estate investors, focus on, I think cash flow, real profits on small businesses, not speculating on. Uh, exit price or a company that’s gonna take a company public, everybody trying to tap into this giant flood of money that gets pre created from thin air in the banking system and in Wall Street. If, if, if people on Main Street will just start investing. Kind of what Kenny McElroy was doing going through 2008, just focusing on sound assets and good markets with good fundamentals. That cash flow and, and are run by good managers, whether it’s a business, an apartment building, a mobile home park, a self storage, residential assisted living doesn’t really matter. Invest in real businesses that produce real profits where you’re not overpaying for that production of income and especially where there’s some upside. Not to flipping out of the stock, but to actually growing the market share and growing the income. That’s what investing really should be. Wall Street has perverted it into just placing bets and riding a wave and trying to figure out where the money is gonna flow from the Treasury or for from Fed stimulus. And I think Main Street is gonna pick up on the new game sooner. And the good news is if you get good at playing that game, even if the system stays the same, you’re probably gonna do better off anyway. When you talk about buying, buying or investing into productive businesses, I mean, what, what’s the difference in your mind between investing in a private business versus investing in a, you know, a publicly traded business that’s run off, you know, dividends? Yeah, so I, I, I think that it could be okay if the dividend yield makes sense, but anytime you have a publicly traded security, it’s a highly liquid market, which means it’s gonna be volatile and the stocks become chips in the casinos where professional traders are just gambling all day long. And some of that gambling can create an impact on the stock, and it doesn’t matter to you if you’ve only bought it for production of income. Um. And so, uh, you know, I, I don’t think it’s bad. I’ve, you know, Peter’s always been an advocate of, uh, dividend paying stocks, and I think if you’re gonna be in the stock market, that’s what you want to do. I think the opportunity in a private placement in a small business is the opportunity not to have to pay the high multiples because it’s not a perfect market. It’s, it’s the same reason there’s so much more opportunity in real estate. If real estate could trade on an electronic exchange where. You know, millions of buyers could find it, and you could have perfect price discovery. It’s very difficult to find a deal, right? It’s very difficult. But we, if you buy a private business, you know there’s gonna be considerations. You, you deal with a, a owner. Who cares about his customers, who cares about his team, maybe would be willing to carry back the way you would if you were buying a, a, a piece of property from somebody that cares about their neighbors or whatever. I mean, there’s, there’s, there’s a lot more humanity in it. There’s a lot more room for negotiation in it. And a lot of times there’s a lot more room to have control. So, you know, one of the adages with real estate that real estate investors like is, I’m gonna buy an asset, one that I understand, two that I can control. And so when you buy a stock, like a dividend paying stock, you, you might understand the business, you may not understand completely the. Uh, market dynamics that drive the stock price. But as long as the dividends are there, that can be okay, but you don’t have any control. When you actually go buy a small business, you have a, a degree of control. Now, if you’re a passive investor buying into a syndication, then you still have a little bit more, um. Relationship, you have a little bit more insight. You maybe have a voice. You may know the people that are making the decision and running the company personally. So it’s the same thing. You know, you Buck is a syndicator. When you go do a deal, your investors know you. They have a personal relationship with you. Go buy stuff in the stock market and mutual fund managers and investor. You don’t have a relationship with that fund manager and I think that’s worth something if you have a voice right. So we’ve, we’re talking a little bit about credit markets, um, volatility, you know, interest rates. Are they gonna go down like, you know, Donald Trump would like to see, and you know, we’ve got a new fed share coming, all that kind of thing. How should investors be thinking about leverage and risk right now? I, I think the adage with real estate, uh, I mean, sorry, with leverage is always the same, is, um, you know, manage cash flow. I, if, if you use leverage to speculate, that could be a real problem. And whether you did it. Do it for real estate like I did by having very thin or negative cash flow and making that up someplace else and believing that somehow, you know, rents or appreciation are gonna do it. Or buying a non-income producing asset with borrowed funds hoping it’s gonna go higher. I think that would be dangerous, but I think if you fundamentally use debt as a tool. Based on cash flows and you use conservative cash flows, you know, so the debt service coverage ratio, you know, if you have $10,000 a month going out in debt service, make sure you have at least, you know, $12,000 a month coming in on income or above. Then that’s how you begin to build resiliency into your portfolio. And the other thing is don’t borrow long to invest short, right? So your duration matters a lot. We were talking about this before we hit the record button, and I think what happens is people. Uh, make a mistake when they try to operate like a bank. ’cause banks lend short and invest long. And the only reason they get away with it is because they have the Federal Reserve Bank system backstopping them. But you don’t have that as an individual, so you better to do the opposite. Um, if you can match the durations, that’s perfect, right? ’cause then you know what your interest expense is for the, for the duration of the investment. And once you lock in the spread, then you just have the counterparty risk of the, whoever is responsible for creating that income stream that’s gonna service the debt you use to control the asset. And then it just comes down to underwriting and then recourse. And if you feel comfortable with the underwriting and you feel comfortable with the recourse, and you’ve got spread and you’ve locked in a, a duration. Um, that, that is compatible, then that can be a, a, a fairly safe way to use debt. And if interest rates work against you, then you’re okay. And if interest rates work for you, you might be able to refinance your debt and actually increase your spread, but you don’t need it to happen to be successful. Let’s talk a little bit more about what you’re doing right now. So in the past year, you’ve launched, um, several new initiatives. You had masterminds via platforms. Tell us a little bit about this and, and a little bit more what, what you’re trying to accomplish. Well, you know, after losing my wife, um, you, you go through this. Period of time of like figuring out, okay, life is short. What do I want to get done before I left die myself. And so, um, after thinking about that, I went back to really what I came to do when I first met Robert Helms and got involved in the real estate guys. And so I just kinda went back to home base and. Then the other thing is now I’ve got 17 grandchildren, and so I’m thinking a lot less like a father, more like a, a grandfather, a founding father. And, um, and so I’m thinking about what the world is gonna be like in 40, 50, 60 years, and what can I do to plant a seed that will make that world better for my grandchildren? And so I, I did a couple things. One is, um, after I left the real estate guys, we were going through a merger with Ken McElroy, George Gammon and Jason Hartman to create, um, a mastermind group, which we did. And I, I was CEO of that for the. The year during the merger. And that took up some time. And the second thing I decided to do, uh, ironically, it was after a conversation I had with Charlie Kirk. I had a conversation with Charlie Kirk. I said, Hey, I’ve got this idea to help, uh, K through 12 get involved in, in capitalism by starting businesses or working with businesses. Their parents start, and I explained to him the model. He goes, I love it. I want to help you. And so that encouraged me. And then I had a follow up meeting in January of 20. 24 with Mark Victor Hansen, and he really encouraged me. And so with the strength of those two endorsements, I go, you know, I’m gonna do this. And so, uh, I left the real estate guys in, um. March, late March of 2024, and in the summer of 2024, I, I launched the Raising Capitalists Foundation, and people can learn more about that by going to raising capitalists plural.org. And I, I literally launched it at Freedom Fest on July 13th, 2024 and five minutes before I took the stage, Donald Trump got shot. Always remember where I was and how distracting it was, but I did record that presentation and it’s on the website, and so it explains the model. But in, in short, it’s pairing, um, or it’s, it’s putting parents who are in what Kiyosaki, uh, rich Dad would call the E-Class employees. And, uh. Put them under a mentorship program with experienced entrepreneurs and investors to help them start a business, a side hustle. They need the money and they need a mentor. And so then they, um, it can create a situation where their children can come to work for them in the business. And today, information Society, you know, there’s a lot of things kids can do where they learn real life skills, um, working with their parents. So that’s what the Raising Capitalist Foundation is all about. Then I launched two shows. Uh, in 2025, uh, one is I literally just launched like a week ago, and that’s. That Donald Trump video was really the first one that I put out, the Donald Trump versus Peter Schiff video on YouTube. I haven’t even started the podcast side of it. Um, and in on September 27th, uh, on pray.com, I started, uh, another show that, that one’s called the Main Street Capitalist. So if you go to YouTube and look at the Main Street capitalist, you’ll, you can find me there. And then the other one I created was the Christian capitalist. And I kind of went back to, you know, my, my core roots of realizing when I started looking at. Where the country was at, John Adams said that, um. Our Constitution was designed for a moral and religious people and is really wholly inadequate for any other, and so I thought, you know what? I’m I, I’m going to do that because my experience as a, as a Christian businessman is that I find that sometimes the stuff I get in church is more consumer oriented, and it doesn’t, it’s more employee oriented. I, I don’t. And, and then the other part of that is I created a, a ministry called Fellowship, a Christian capitalist, which is really about helping people put purpose into their business and then, you know, express their faith. Love your neighbor. Through their business. And so I’ve got all these different initiatives going and then I created the Main Street Media Network because I wanting to reach youth. I hired a YouTube coach and I said, look, I want to create content to encourage youth. He goes, that’s great. You can’t do it. You’re too old, he said, so what you need to do is find young people you can mentor and teach them the things that you’ve learned and let them teach it in their own words and they’ll reach their generation better than you. So with Main Street Media Network, I’m I, I’ve got. Two guys that I’m apprenticing right now, but I’m gonna be adding a lot more. Um, one, one young man is 20 years old, the other one is 26 years old. And, uh, I just came back from the Turning Point USA event where we had a broadcast booth and they were conducting interviews and I did the New Orleans Investment Conference. And so these guys are sitting down with Peter Schiff, Robert Kiyosaki, Mike Maloney, Ken McElroy, you know, you, you know what that did for you, buck with your show. You know, you, you met all these people through us and then you. We’re able to build upon that and create a very credible show. So I’m doing that for these guys that are in their twenties with the idea that they will be able to reach a generation of people. Uh, I call it putting Boomer Wisdom in Gen Z mounts. I mean, they get to process it and it gets to be their own. And I’m helping them build financial podcasts that actually make the money and is the foundation of, in this case, they’re both capital raisers of their capital raising business. I got all these different things going, but I’m doing it through leaders, so I’m not trying to do all things myself. Yeah, yeah. Um, but I’m building out an ecosystem to accomplish all these goals and so far so good. It’s a lot. Sounds working like a young man, man, man. I’ll tell you that. I know, I know. Wow. I I thought you were gonna slow down after you. No, I’ve actually, I put my, I put, I put my foot on the gas. I, I’ve probably never worked, uh, harder. Um, but I, I think I’m working smart, you know, so I’m hiring coaches and I’m bringing in, um, leaders and going through all that EOS and organizing to scale stuff. Sounds good. Well, always a pleasure, Russ. Um, make sure not to be a stranger to have you on again, um, you know, in a few months and figure out where you’re going with all this stuff. All the new things that you’ve accomplished, but it’s, uh, it’s great to see you. Well, happy to be here, proud of you. Uh, keep up the good work and keep educating people. Thank you. You make a lot of money, but are still worried about retirement. Maybe you didn’t start earning until your thirties. Now you’re trying to catch up. Meanwhile, you’ve got a mortgage, a private school to pay for, and you feel like you’re getting further and further behind. Now, good news, if you need to catch up on retirement, check out a program put out by some of the oldest and most prestigious life insurance companies in the world. It’s called Wealth Accelerator, and it can help you amplify your returns quickly, protect your money from creditors, and provide financial protection to your family if something happens to you. The concepts here are used by some of the wealthiest families in the world, and there’s no reason why they can’t be used by you. Check it out for yourself by going to wealthformulabanking.com. Welcome back to the show everyone. Hope you enjoyed it. As always, Russ, uh, is, uh, you know, he’s, he’s got a lot of wisdom. He is the guy you really wanna listen to. And I would encourage you to follow his work anyway. Uh, just pivoting back, you know, to where this economy is and all that. I think for me personally, it’s about allocating capital in a market that is a, uh, is certainly losing value in its dollars. And, um, and I think that we’re gonna continue to see that. Speaking of that, make sure if you haven’t, as I mentioned before, sign up for the Accredited Investor Club. Go to wealthformula.com, go to investor club, as we have plenty of those types of things that are hedging against inflation, um, saving taxes in terms of tax mitigation strategies, that kind of thing. Check it out. That’s it for me This week on Well Formula Podcast. This is Buck Joffrey signing off. If you wanna learn more, you can now get free access to our in-depth personal finance course featuring industry leaders like Tom Wheel Wright and Ken McElroy. Visit wealthformularoadmap.com.
- What do you think about fractional property investing - companies like BrickX and Bricklet? - I've got some cash and wondering whether I should use it to buy an investment or pay down my home debt. What do you think is best? – We just bought a new house and have the luxury of being able to turn our old house into an investment property. What would be the reasons for and against doing that?
In this episode of the Investing for Life podcast, host Douglas Isles interviews a guest with infectious enthusiasm, entrepreneurial drive and vision. Anthony (‘Ant') Millet is Global Partner and co-lead of Global Capital at Antler, providing institutional grade access to Global Venture Capital from the earliest of stages, through heavily curated, diversified, unique and proprietary portfolios. But it wasn't always smooth sailing. Ant made an incredibly difficult, emotional decision to leave an illustrious investment banking career in 2008 to join the family business, quickly running out of cash. The challenge of transforming ActivInstinct from one High Street store into a leading global online sports retailer and multi-channel operator unlocked his deep passion for problem solving and innovation. A passion he ultimately took to FinTech BrickX as CEO, scaling the business to over 12,000 investors, before joining Antler. "When I joined there was a website that was barely functional, completing three to five orders a day. We ultimately grew it over five years into a business doing about a million orders a year, launched into nine countries." One of Ant's greatest personal discoveries during those five years was how to operate in a mode where failure was “not an option”. This conversation explores his leap of faith and a key pivot in his career, how he overcame early setbacks, and how he applied those hard lessons learned to shape his future career pathway. Tune in to hear more about: His family business turnaround story, the decisions made, and challenges faced along the way; Ant's views on whether one is born with – or learns – entrepreneurial grit, based on his own childhood experiences; His less-than-linear career path from investment banking to family sports shop to global e-commerce success story to scaling BrickX to his role with Antler today; His reflections on the "golden age of innovation" from his time working in the US; and How Ant perceives and approaches risk, and how he deals with ‘failure'. Investing for Life is hosted by Douglas Isles, Platinum Asset Management.Disclaimer: Issued by Platinum Investment Management Limited ABN 25 063 565 006, AFSL 221935. This information is general in nature and does not take into account your specific needs or circumstances. You should consider your own financial position, objectives and requirements and seek professional financial advice before making any financial decisions.See omnystudio.com/listener for privacy information.
To celebrate 50 episodes of the Proptech Podcast, we bring you some bonus content from The Proptech Association Australia Proptech Panels. With housing affordability a critical topic, this panel discusses the innovations occurring in property ownership and new ways to buy properties. Guests Ewan Laughlin from BrickX, Daisy Ashworth from Mortgage Mates and Darren Younger from Bricklet are interviewed by Jennifer Harrison, vice president of the Proptech Association of Australia. Thanks to the Proptech Association Australia and Stone & Chalk for making the content available. --- Send in a voice message: https://anchor.fm/theproptechpodcast/message
Anthony Millet from Antler joins David to discuss early-stage venture capital. Antler receives 50,000 applications a year to their programs around the world and spends over 200 hours with each team ultimately resulting in Antler investing in over 160+ companies. Over the past year since launch, the fund has delivered investors returns of 34%. Anthony and David discuss how Antler discover successful businesses, ideas and entrepreneurs. As well as how they cultivate the ideas and help the founders develop successful businesses from day one. Anthony also discusses his previous ventures such as BrickX, allowing investors to access residential property investments without the barriers which normally preclude them from doing so.
Episode 88 | BrickX XPLAINED in FULL - COMING SOON! by Dave Stockbridge
Episode 83 | BrickX? What is it and are there better options? by Dave Stockbridge
Noises will be teleported from whatever device you may be listening to this with and will go into your ears! It's magic! (podcast magic) This week, our guest is Famed Country star, Brickx Mainstream!
The Elephant In The Room Property Podcast | Inside Australian Real Estate
Anthony Millet, director of BrickX, which offers a new model of getting onto the property ladder “one brick at a time”. This is NOT a sales pitch, rather an exploration of what it means when a “lumpy asset” is broken down into “bricks” that can be sold one at a time. Here's what we cover: What is fractional property investment? What's been the best performing investment over the past 20 years. The benefits of liquidity and the power of cash. Why property can't be measured like your share portfolio. Issues with diversification. The philosophy underpinning blue chip investment property. Why venture capitalists are liking this model. How much gearing is required to make a blue chip property positive geared. Why you should not use your credit card to buy investments. Short term versus long term property investment. A potential market adjustment resulting from changes to negative gearing. What drives the flight to safety in times of crisis. The affordability problem and what's really caused it. Fundamentally any investor MUST remember that quality beats quantity, so listen and let us know what you think about this as an option. Links: www.brickx.com Pessimism Research: https://www.realestate.com.au/news/wannabe-homebuyers-wont-sacrifice-coffee-smashed-avocado-new-brickx-survey-shows/ Work with Veronica? info@gooddeeds.com.au Work with Chris? hello@wealthful.com.auSee omnystudio.com/listener for privacy information.
Nerida Conisbee shares with us some interesting property market insights derived from the big data from REA’s realestate.com.au. REA Group is Australia’s leading digital media business specialising in property, with property portals not just in Australia but in Asia, Europe, and the US as well.Listen to Matt and Nerida as they talk about the market movements in the capital cities and suburbs and how they compare to the other property markets in Australia. Have a better understanding of how the economy is affected by government restrictions and incentives and how it can affect property investing- from prices, rental yields, and capital growth.Discover the BrickX concept as Nerida talks about a property business model which enables you to become a property investor.
It’s no secret that property is expensive in Australia – it can be pretty disheartening for those trying to get into the property market especially if you’re trying to buy your first home. So, in today’s episode we’ll be covering off how to buy property using what’s called a fractal investment. It’s about getting into the property market in small increments rather than the traditional way. Getting into the property market can be risky, costly, time consuming. Rather than buying a full property yourself, you buy a portion (fraction) of a property – “Fractal property investments” There has been an increase in fractal investing over the past few years as people have been having trouble getting into the property market by buying property outright. People struggle to Build deposit – most cases $60k to $100k in cash savings Getting a loan – banks are tightening requirements Have time to find property (want to make sure it returns) or manage it Option of Buyers agents Property managers All of these together go in the too hard basket What are the alternatives? Online property investment platforms Allow for the investment into property for around $100 at a minimum, rather than buying the property outright Two companies doing this - Brickx, CoVesta How do they work? Unit Trust Structure Trust is created with 10,000 Units - Trust buys the property Gearing – Generally levels don’t exceed 50% Select a property you like Buy your Bricks/Blocks Transaction fees: 1.75% Earn rental income - Distribution payment calculation Gross Rental Income – (strata levies + water rates + council rates + maintenance + management fees + annual audit and valuation fees + property taxes + debt interest + principal repayments + other costs) = Net Rental income Capital returns Valuations Independent external property valuations are performed semi-annually Serves as a price guide – Not what the units are sold for Valuations go up – Guides for what bricks should sell for does as well Shares example – Almost like valuations vs price Price of the units – Based on supply and demand Sell the Bricks at a later date If you want to sell – list your units for sale Members have to then buy this off you What you sell for – Brick Price is determined by Member Supply and Demand Selling Brickx – List the Brickx sell price and number you want to see Average sale time is about 22h 1m. Whilst these investments are quite liquid, it can be a double-edged sword; The Pros Start building a property investment portfolio Diversification – Buy units in a range of properties No hassle – Easy to purchase and takes care of management Structure – Unit trusts are transparent No risk to you if other owners going default The Risks: Run on property – If lots of people list and no buyers, then values go down Someone has to be willing to buy you units (brickx/blocks) Unit trusts can be frozen if too many people try and sell Gearing – Capped at 50% in most cases Good for protection against declines Bad against Interest only loans You don’t get any of the tax offsets Trust structures don’t allow the losses to flow through Summary Good way to get a toe (or toe nail) into the property market Easy way to start the property investments Not without risks though – Likely to be more volatile if everyone tries to sell Thanks for listening!
Recent studies from Intuit indicate that Millennials are embracing the Gig Economy at rates faster than any other demographic group. Gig workers tend to move more often than other workers and do not always have predictable incomes – a formula that will not endear you to a bank that is deciding whether to offer you a home loan. In this show, I discuss these trends and how the Gig Economy is going to change how houses are financed, sold and shared in the future.If you like Gigging: Everything and the Sharing Economy, you might like my other podcasts, Guerrillapreneur: The Art of Waging Small Business Warfare and Career Coaching Xs and Os. Please check out some of my other podcasts:1. Guerrillapreneur: The Art of Waging Small Business Warfare - Interviews with Startup Executives and Influencers. https://www.spreaker.com/show/guerrillapreneur-podcast 2. Career Coaching Xs and Os - Career Advice for Executives who want the corner office. https://www.spreaker.com/user/5249131/ep-19-7-things-to-consider-before-re-hirIf you want to continue the conversation, follow me on Twitter @GiggingAnd or @ceyeroconsltg. Please subscribe, comment and like the show. It will make me happy. Need help developing a business pitch for your startup or small business? Check out my online course "How To Develop A Winning Business Pitch" https://ceyero-consulting-eschool.thinkific.com/courses/how-to-develop-a-winning-business-pitch. The course is only $39.00.
Recent studies from Intuit indicate that Millennials are embracing the Gig Economy at rates faster than any other demographic group. Gig workers tend to move more often than other workers and do not always have predictable incomes – a formula that will not endear you to a bank that is deciding whether to offer you a home loan. In this show, I discuss these trends and how the Gig Economy is going to change how houses are financed, sold and shared in the future.If you like Gigging: Everything and the Sharing Economy, you might like my other podcasts, Guerrillapreneur: The Art of Waging Small Business Warfare and Career Coaching Xs and Os. Please check out some of my other podcasts:1. Guerrillapreneur: The Art of Waging Small Business Warfare - Interviews with Startup Executives and Influencers. https://www.spreaker.com/show/guerrillapreneur-podcast 2. Career Coaching Xs and Os - Career Advice for Executives who want the corner office. https://www.spreaker.com/user/5249131/ep-19-7-things-to-consider-before-re-hirIf you want to continue the conversation, follow me on Twitter @GiggingAnd or @ceyeroconsltg. Please subscribe, comment and like the show. It will make me happy. Need help developing a business pitch for your startup or small business? Check out my online course "How To Develop A Winning Business Pitch" https://ceyero-consulting-eschool.thinkific.com/courses/how-to-develop-a-winning-business-pitch. The course is only $39.00.
My guest for Episode 83 of The Startup Playbook Podcast is Lauren Capelin, the Head of Venture Community at Reinventure Group. Reinventure is Westpac Bank's $50M venture fund for Australian entrepreneurs and disruptive technology in the Fintech space. To date, Reinventure has 20 companies in its portfolio including Hyper Anna, Brickx and Assembly Payments. We have spoken about the importance of community on a number of previous episodes and Reinventure has led the way in both developing the Fintech community in Australia as well as building it's deal flow pipeline and stakeholder management through effective community building and management. In this episode, Lauren and I deep dive into some the specifics of community where we cover topics such as. The importance of knowing who you are selling to How to build a successful community around your goals The 5 buckets of communities How to measure the health and success of communities WATCH ON YOUTUBE PLAYBOOK MEDIA – Growth through Data-Driven Storytelling THE E-COMMERCE PLAYBOOK ACCELEPRISE AUSTRALIA STARTUP PLAYBOOK HUSTLE APPLICATION Show notes: Rachel Botsmon Book - what's mine is yours (Rachel Botsman) Brian Chesky John Zimmer Reinventure Westpac Simon Cant Danny Gilligan CMX Hub Salesforce Blackbird Startmate Stone&Chalk Fintech Australia Swarm conference FeverBee Holly Liu (podcast) Lauren Capelin (Twitter) Lauren Capelin (LinkedIn) Feedback/ connect/ say hello: Rohit@startupplaybook.co @playbookstartup (Twitter) @rohitbhargava7 (Twitter – Rohit) Rohit Bhargava (LinkedIn) Credits: Intro music credit to Bensound Other channels: Watch the video on Youtube here. Don't have iTunes? The podcast is also available on Stitcher & Soundcloud The post Ep083 – Lauren Capelin (Head of Venture Community – Reinventure) on using community for growth appeared first on Startup Playbook.
In this episode, Founder and Publisher of The Urban Developer Adam Di Marco will speak with Anthony Millet, CEO of the disruptive Australian property platform, BrickX. So, what exactly is BrickX, I hear you ask? Well, it is a fractional investment platform that has democratised the property investment platform for all Australians. By allowing people to invest in a ‘brick’ - that is, one 10,000th of the value of a typical investment property - investors can now enter the highly competitive Australian market for a fraction of the price… in some cases, less than $100. Founded in 2014, the platform has since grown at a tremendous pace. Now, it should be worth noting that since we’ve recorded this podcast, BrickX has received an investment from Westpac’s Reinventure Group and was recently awarded the a suite of awards from Canstar, AREA and Fintech business. We sat down with Anthony in the middle of 2017. Over the course of 20 minutes, we’ll be talking about: How Anthony’s personal journey has taken him from turning a struggling family business around in his native UK to the CEO of one of Australia’s hottest startups; We look at how a intense affordability pressure, a property boom, new technology and the ‘power of the crowd’ created the perfect conditions for Brick to flourish; And finally, we’ll explore Anthony’s thoughts on what the future of home ownership is in Australia and how BrickX will likely play out in the future. If you are interested in more conversations like this, head to www.theurbandeveloper.com to subscribe to our free daily news, features, interviews and more. Also, visit us on social media by searching The Urban Developer on Facebook, LinkedIn, Twitter, Youtube and Instagram. If you’re interested in checking out our events, conferences and workshops, head to our website for all the details. If you like what you hear, you can support us by commenting, rating and sharing this podcast on iTunes, Soundcloud or any of our social channels. And finally, let us know who you want to hear from next by contacting us at podcast@theurbandeveloper.com Thanks and we look forward to you tuning in next time. USEFUL LINKS: www.brickx.com
Ce soir, dans la Matinale, nous recevons Ali Guessoum, fondateur de l'association Remembeur qui lutte contre le racisme à travers notamment des interventions scolaires : il vient aujourd'hui nous parler de son livre Attention, Travail d'Arabe. Si cette expression a pris un sens péjoratif avec le temps, cette série d'affiches humoristiques a pour but de déconstruire les stéréotypes et les préjugés racistes. "Dans le langage il y a une banalisation de la violence. Les mots peuvent faire mal. On serait bien inspirés d'inverser les scénarios." La troisième édition du Festival Creart'Up, lancé par la Ville de Paris, se tiendra les 24-25-26 à la Tour des Dames et au Point Éphémère. Son objectif est d'accompagner des projets culturels audacieux sur la voie de la professionnalisation et présenter la contribution des étudiants au dynamisme et à la vie culturelle du territoire parisien. Pour en parler, nous recevons Tina Biard et Anahïd Zahouri, accompagnés Camille Teyssier et Florian Plamont lauréats d'une précédente édition avec l'application Brickx disponible sur Android. "On crée une forme de chasse au trésor dans le 11e arrondissement pour découvrir la ville autrement." Côté chroniques, Ugolin a été inspiré pour parler des états généraux de la bioéthique par une association assez surprenante... Emmanuel, de son côté, veut nous du discours du député François Ruffin sur les travailleuses précaires à l'Assemblée Nationale. Présentation : François Pieretti / Réalisation : PH Dimitru / Co-interview : Simon Marry et Elodie Hervier / Chronique : Ugolin Crépin Leblond et Emmanuel Raspiengeas / Web : Simon Marry / Coordination : Nina Beltram et Elsa Landard
Ce soir, dans la Matinale, nous recevons Ali Guessoum, fondateur de l'association Remembeur qui lutte contre le racisme à travers notamment des interventions scolaires : il vient aujourd'hui nous parler de son livre Attention, Travail d'Arabe. Si cette expression a pris un sens péjoratif avec le temps, cette série d'affiches humoristiques a pour but de déconstruire les stéréotypes et les préjugés racistes. "Dans le langage il y a une banalisation de la violence. Les mots peuvent faire mal. On serait bien inspirés d'inverser les scénarios." La troisième édition du Festival Creart'Up, lancé par la Ville de Paris, se tiendra les 24-25-26 à la Tour des Dames et au Point Éphémère. Son objectif est d'accompagner des projets culturels audacieux sur la voie de la professionnalisation et présenter la contribution des étudiants au dynamisme et à la vie culturelle du territoire parisien. Pour en parler, nous recevons Tina Biard et Anahïd Zahouri, accompagnés Camille Teyssier et Florian Plamont lauréats d'une précédente édition avec l'application Brickx disponible sur Android. "On crée une forme de chasse au trésor dans le 11e arrondissement pour découvrir la ville autrement." Côté chroniques, Ugolin a été inspiré pour parler des états généraux de la bioéthique par une association assez surprenante... Emmanuel, de son côté, veut nous du discours du député François Ruffin sur les travailleuses précaires à l'Assemblée Nationale. Présentation : François Pieretti / Réalisation : PH Dimitru / Co-interview : Simon Marry et Elodie Hervier / Chronique : Ugolin Crépin Leblond et Emmanuel Raspiengeas / Web : Simon Marry / Coordination : Nina Beltram et Elsa Landard
Ce soir, dans la Matinale, nous recevons Ali Guessoum, fondateur de l'association Remembeur qui lutte contre le racisme à travers notamment des interventions scolaires : il vient aujourd'hui nous parler de son livre Attention, Travail d'Arabe. Si cette expression a pris un sens péjoratif avec le temps, cette série d'affiches humoristiques a pour but de déconstruire les stéréotypes et les préjugés racistes. "Dans le langage il y a une banalisation de la violence. Les mots peuvent faire mal. On serait bien inspirés d'inverser les scénarios." La troisième édition du Festival Creart'Up, lancé par la Ville de Paris, se tiendra les 24-25-26 à la Tour des Dames et au Point Éphémère. Son objectif est d'accompagner des projets culturels audacieux sur la voie de la professionnalisation et présenter la contribution des étudiants au dynamisme et à la vie culturelle du territoire parisien. Pour en parler, nous recevons Tina Biard et Anahïd Zahouri, accompagnés Camille Teyssier et Florian Plamont lauréats d'une précédente édition avec l'application Brickx disponible sur Android. "On crée une forme de chasse au trésor dans le 11e arrondissement pour découvrir la ville autrement." Côté chroniques, Ugolin a été inspiré pour parler des états généraux de la bioéthique par une association assez surprenante... Emmanuel, de son côté, veut nous du discours du député François Ruffin sur les travailleuses précaires à l'Assemblée Nationale. Présentation : François Pieretti / Réalisation : PH Dimitru / Co-interview : Simon Marry et Elodie Hervier / Chronique : Ugolin Crépin Leblond et Emmanuel Raspiengeas / Web : Simon Marry / Coordination : Nina Beltram et Elsa Landard
“There is no other financial product out there, that gives you exposure to the housing market without buying a house itself.” This month on Property Insiders, David sits down with Anthony Millet, entrepreneur and CEO of BRICKX, a unique and exciting new opportunity in the property investment market. BRICKX is an online platform that allows people to invest in property on a fractional basis. Practically, this means that BRICKX will purchase a property, which is then divided into 10,000 units - or Bricks - which are made available to investors for purchase. Currently, each Brick costs between $58 and $154, and investors are able to own up to a 5% share in each property. Investors benefit from their share of the monthly rental income, and every six months BRICKX properties are revalued so Brick investors can watch their investments grow. BRICKX can be used by anyone, but investors include those who have never invested before or entered the property market, as well as seasoned property investors seeking greater diversification. BRICKX will also soon be able to offer a Rent-to-Buy scheme, where future home-owners will pay a 5% deposit on a property, and then be given a 5 year lease to live there. The occupiers then keep on buying bricks until they’ve amassed at 20% share, at which point they are able to buy the property with a regular commercial mortgage. BRICKX is focused on Blue Chip suburbs, including some of the best suburbs in Australia with long-term high growth profiles. In Sydney, BRICKX offers properties in Double Bay, Bondi Beach, Mosman, Manly, Potts Point, Surry Hills, Annandale, Enmore, and Balmain. In Melbourne, investors can buy Bricks in Port Melbourne, Prahran, and Brunswick West. And their newest accusation opens the Adelaide market up to Brick investors with a property in St Peters. When investors decide to sell their Bricks, they will find it an easy process. To date, they have had over 150,000 transactions and Bricks are currently being sold within 14 hours. Such a situation gives investors, and particularly deposit-savers, greater freedom in managing their investment, allowing them to easily sell their position should their circumstances change. One of the positives of BRICKX is that being an investor will not impact on a person’s ability to access the first home buyer’s grant or stamp duty exemptions. Anthony comments that they are seeing people get to home ownership through using BRICKX. Any capital gains on Bricks are still eligible for the reduction if held for more than 12 months. Additionally, investors still get the benefits of depreciation as BRICKX is a widely-held trust with more than 300 investors. However, as a financial product investors do have to pay tax on the income they receive as part of the rental yield. Performance Property Advisory acts as a buyer for BRICKX and is proud to do so. About your host, David McMillan During his 16 years in the property industry David has worked as a property valuer and property adviser to private clients, financial planners, accountants, finance brokers, major banks and governments. He has been involved in more than $500M worth of transactions across Victoria, New South Wales, South Australia & Queensland. Since 2009, David has been specifically focused on helping medical professionals, expats, business owners and busy executives build effective property portfolios. David is a fully licensed real estate agent in Victoria, South Australia and Queensland (CEA), Certified Practicing property Valuer (CPV), Qualified Property Investment Advisor (QPIA) and most importantly is an active property investor. David joined the Australian Property Institute in 2001 and is now an Associate (AAPI) and in 2009 became a member of the Real Estate Institute. David currently sits on the board of Property Investment Professionals of Australia (PIPA) to promote ethics in the property investment industry. About David’s guest, Anthony Millet With a passion for property and technology, Anthony’s mission is to make property ownership and investing affordable and accessible to all Australians. Originally from the UK (where property also suffers from similar affordability and accessibility issues), Anthony brings a wealth of innovative and professional experience in eCommerce, technology and the banking industries to successfully lead the BRICKX team. Prior to joining BRICKX, Anthony was responsible for building one of Europe’s largest e-Commerce businesses in the Sports and Outdoors sector. Before this, Anthony was an Associate Director at UBS Investment Bank, London, working within the Listed Investment Funds team and also within Corporate Finance specialising in the Technology sector.
A few of our listeners have asked us about Fractional Property Investment; what is it and how does it actually works. It is a relatively new investing concept and often, people are confused if it's investing in shares or property [...] CONTINUE READING The post Episode 106 | What Is Fractional Property Investment and How Does It Work? – Chat with Anthony Millet, CEO of BRICKX appeared first on The Property Couch.
BrickX is a unique way to invest in property - it allows people to buy fractions of a property - known as ‘Bricks’ - for as little as $68. BrickX CEO Anthony Millett joins Kayley Harris and Ian Rogerson on the FiftyUp Club Show to chat about the concept.
Listen to the whole show podcast with Ian Rogerson and Kayley Harris. - Michael Chamberlain, the father of baby Azaria who was snatched by a dingo at Uluru in 1980, has died aged 72. Journalist Malcolm Brown spent years covering this significant legal saga and joins Kayley and Ian on the FiftyUp Club Show. - BrickX is a unique way to invest in property - it allows people to buy fractions of a property - known as ‘Bricks’ - for as little as $68. BrickX CEO Anthony Millett chats about the concept. - Keith Pearce competes in triathlons with his 80 year old identical twin brother. He shares his motto for life.
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