Podcasts about Capital

Is 2026 finally the year to buy? This episode is packed full of information on what happened in 2025 and how those trends are shaping what is to come in 2026. Todd breaks down the multifamily market and the opportunities and risks ahead. He also dives into the purchases Endurus Capital made, bringing property management in-house, and what Endurus Capital is doing to succeed in 2026 and beyond. YouTube: www.youtube.com/c/PillarsOfWealthCreation Interested in coaching? Schedule a call with Todd at www.coachwithdex.com Listen to the audio version on your favorite podcast host: SoundCloud: https://soundcloud.com/user-650270376 Apple Podcasts: https://podcasts.apple.com/.../pillars-of.../id1296372835... Google Podcasts: https://podcasts.google.com/.../aHR0cHM6Ly9mZWVkcy5zb3VuZ... iHeart Radio: https://www.iheart.com/.../pillars-of-wealth-creation.../ CastBox: https://castbox.fm/.../Pillars-Of-Wealth-Creation... Spotify: https://open.spotify.com/show/0FmGSJe9fzSOhQiFROc2O0 Pandora: https://pandora.app.link/YUP21NxF3kb Amazon/Audible: https://music.amazon.com/.../f6cf3e11-3ffa-450b-ac8c...

David Harvey speaks about his new book The Story of Capital. We hear an excerpt from Mark Carney's Davos speech. Adam Federman discusses Trump's Greenland obsession. Behind the News, hosted by Doug Henwood, covers the worlds of economics and politics and their complex interactions, from the local to the global.

Our Chief LatAm Equity Strategist Nikolaj Lippmann discusses why Latin America may be approaching a rare “Spring” moment – where geopolitics, peaking rates, and elections set the scene for an investment-led growth cycle with meaningful market upside.Read more insights from Morgan Stanley.----- Transcript -----Nikolaj Lippmann: Welcome to Thoughts on the Market. I'm Nikolaj Lippmann, Morgan Stanley's Chief Latin America Equity Strategist. If you ever felt like Latin America is too complicated to follow, today's episode is for you. It's Monday, February 9th at 10am in New York. The big idea in our research is simple. Latin America is facing a trifecta of change that could set up a very different investment story from what investors have gotten used to. We could be moving towards an investment or CapEx cycle in the shadow of the global AI CapEx cycle, and this is a stark departure from prior consumer cycles in Latin America. Latin America's GDP today is about $6 trillion. Yet Latin American equities account for just about 80 basis points of the main global index MSCI All Country World Equity benchmark. In plain English, it's really easy for investors to overlook such a vast region. But the narrative seems to be changing thanks to three key factors. Number one, shifting geopolitics in this increasingly global multipolar world. We can see this with trade rules, security priorities, supply chains that are getting rewritten. Capital and investment will often move alongside with these changing rules. Clearly, as we can all see U.S. priorities in Latin America have shifted, and with them have local priorities and incentives. Second, interest rates may very well have been peaking and could decline into [20]26. When borrowing cost fall, it just becomes easier to fund factories, infrastructure, AI, and expansion into all kinds of different investment, which become more feasible. What is more, we see a big shift in the size and growth of domestic capital markets in almost every country in Latin America – something that happens courtesy of reform and is certainly new versus prior cycles. And finally, elections that could lead to an important policy shift across Latin America. We see signs of movement towards greater fiscal responsibility in many sites of the region, with upcoming elections in Colombia and Brazil. We have already seen new policy makers in Argentina, Chile, Mexico, depart from prior populism. So, when we put all this together -- geopolitics, rates and local election -- you get to the core of our thesis, a possible LatAm spring; meaning a decisive break from the status quo towards fiscal consolidation, monetary easing, and structural reform. And we think that that could be a potential move that restores some confidence and attracts private capital. In our spring scenario, we see interest rates coming down, not rising in a scenario of higher growth to 6 percent in Brazil and Mexico, 7 percent in Argentina, and just 4 percent in Chile. This helps the rerating of the region. There's another powerful factor that I think many investors overlook, and that is a key difference versus prior cycles, as already mentioned. And that's the domestic savings. Local portfolios today are much bigger, much deeper capital markets, and they're heavily skewed towards fixed income. 75 percent of Latin American portfolios are in fixed income versus 25 percent in equity. In Brazil, the number's even higher with 90 to 95 percent in fixed income. If this shifts even halfway towards equity, it can deepen and support local capital markets; it supports valuation. For the region as a whole, sectors most impacted by this transformation would be Financial Services, Energy, Utilities, IT and Healthcare. Up until now, I think Latin America has been viewed as a region where a lot could go wrong. We asked the reverse question. What could go right? If the trifecta lines up: geopolitics, peaking rates and elections that enable a more investment friendly policy and CapEx cycle, Latin America could shift from being seen mainly as a supply of commodities and labor to far more investment driven engine of growth. That's why investors should put Latin America on the radar now and not wait until spring is already in full bloom. Thanks for listening. If you enjoy the show, please leave us a review wherever you listen to the podcast and share Thoughts on the Market with a friend or colleague today.

Register here to attend the live virtual event "Why Central Florida is the Year's Most Compelling Housing Market" on Thursday, February 19th at 8pm Eastern. Keith looks at how a changing Federal Reserve leadership might shape the interest rate environment, then zooms in on what's really happening with homebuilders versus remodelers across the country.  You'll hear about a lesser-known strategy some investors are using to step back from day-to-day landlording while keeping their income, and then we head to Central Florida to explore why one fast-growing market is quietly becoming a hotspot for new-build rental properties.  Along the way, a longtime Florida builder joins the show to explain how they're creating affordable, investment-friendly homes and what kinds of rents and tenant demand they're seeing on the ground—plus a way you can learn more live if this opportunity fits your own portfolio plans. Resources: Register for the event at GREwebinars.com Episode Page: GetRichEducation.com/592 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  1-937-795-8989 to speak with a freedom coach Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   welcome to GRE. I'm your host. Keith Weinhold, the naming of a new Federal Reserve Chair. Then are homebuilders in trouble today? There are a dwindling number of them, and their profits are down. I'll talk to a homebuilder. Listen to what amenities tenants want today, and it's interesting. We'll learn how low of a mortgage rate builders will give you. Now there's an opportunity here today on get rich education.   Corey Coates  0:30   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Keith Weinhold  1:14   mid south home buyers with over two decades as the nation's highest rated turnkey provider, their empathetic property managers use your return on investment as their North Star. It's no wonder smart investors line up to get their completely renovated income properties like it's the newest iPhone headquartered in Memphis, with their globally attractive cash flows, mid south has an A plus rating with the Better Business Bureau and 4000 houses renovated, there is zero markup on maintenance. Let that sink in, and they average a 98.9% occupancy rate with an industry leading three and a half year average renter term. Every home they offer you will have brand new components, a bumper to bumper, one year warranty, new 30 year roofs. And wait for it, a high quality renter in an astounding price range, 100 to 150k GET TO KNOW mid south enjoy cash flow from day one at mid southhomebuyers.com that's mid southhomebuyers.com   Speaker 1  2:17   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  2:33   Welcome to GRE from countersport Pennsylvania to Davenport Iowa and across 488 nations worldwide. I'm Keith Weinhold, and you're listening to get rich education now more than ever, where you learn about personal finance and real estate investing matters. There's more AI generated content out there. This show is all flesh and blood me. There's also more clickbait content out there that says something like the housing market is about to have a price crash. No, it's not. They're just there to get short term attention. So your information source really matters today. New incoming Fed chair, Kevin Warsh, was recently named. He will replace the outgoing Jerome Powell on May 15. I want to tell you more about that in a moment. But first, just imagine if this scenario were to occur, say that we get a Fed chair that has to deal with really high inflation. And so what this Fed chair does is that he successfully brings inflation down, and he does that without triggering a recession that's called a soft landing. Well, you know what? That's exactly what Jerome Powell did the past three years. Yeah, that's what he's accomplished, and he doesn't get credit for it. He only gets a lot of criticism. Now this doesn't mean that I love Powell. I don't even know that the Fed should exist at all, but Powell got a lot of criticism for calling 2022, wave of inflation transitory, and being too late to respond to it. So he gets some credit here as his term of more than eight years winds down. Let's listen in to some of Jay Powell's recent comments about succession,    Speaker 2  4:23   you've obviously experienced a lot during your time as Fed chair, served under multiple presidents. I'm wondering what advice you have for whoever your successor might be.   Speaker 3  4:34   Honestly, I'd say a couple of things. One is, you know, stay out of elected politics. Don't get pulled into elected politics don't do it. And that's another thing. Another is that you know, our window into democratic accountability is Congress, and it's not a passive burden for us to go. To Congress and talk to people. It's an affirmative, regular obligation. If you want democratic legitimacy, you earn it by your interactions with the our elected overseers. And so it's something you need to work hard at, and I have worked hard at it so and the last thing is, you know, it's easy to it's easy to criticize government institutions so many ways. I will tell whoever it is you're about to meet the most qualified group of people you not only have ever worked with, you will ever work with and when you meet fed staff. And not everybody's perfect, but, but there isn't a better cadre of professionals more dedicated to the public well being than work at the Fed.    Keith Weinhold  5:43   Yeah. So to Powell's point, the next Fed chair, worsh, does champion fed independence, much like Powell has. That is a good thing that keeps America from turning into a banana republic that maintains a strong dollar. Warsh was actually a Fed Governor back during the 2008 global financial crisis, so he's got that experience when he comes in as Fed Chair in three months, he's widely expected to lower interest rates more than Powell did, much like the president wants. Kevin Warsh looks a lot like Michael Scott from the office. He has got to be less bumbling than him, though, overall, the effect on real estate and mortgage rates by shifting from PAL to worsh, I mean, that should be pretty mild. Maybe you'll see rates go a little lower than if pal had stayed and speaking of rates, wait till you see how low the mortgage rate is that our homebuilder guest is offering today. What's really happening with homebuilders now? How much trouble are they in? Homebuilders have largely been maligned. Overall. There are fewer homebuilders today in America than there were 20 years ago, and there are more remodelers than there were 20 years ago, fewer home builders, more remodelers, and that's for a few different reasons. Over the past couple decades, we just have substantially higher labor and material costs, stricter building and energy codes, higher interest rates, and that disproportionately hurts long duration construction projects. We've got zoning constraints and land constraints that make ground up development slow and uncertain and risky. So while the number of Home Builders in America is down, the number of remodelers are up, because America's housing stock is getting older. Its median age is over 40 years, and that creates constant demand for upgrades. Capital prefers faster, lower risk cycles. That's what remodels offer, and homeowners with locked in low mortgage rates choose to stay in place. And what does that make them do? That makes them renovate and remodel, not move. So this is why, compared to 20 years ago, you have fewer home builders and more remodelers. Today, that's per the NAHB and the Census Bureau and all these forces, they've resulted in a lower profit margin for homebuilders. Yes, homebuilder margin compression for a lot of the bigger builders, including DR Horton, just as you might guess in this cycle, their profits were greatest in 2022 and they have fallen since then. Higher mortgage rates came in, and builders had to lose profits by offering more incentives to entice buyers. You're going to learn more about that today and how it really spells quite an opportunity for you and I. When the final change in national home prices was tallied for the end of last year, they had risen in 16,500 zip codes. All right, that's 63% of America's zip codes, and prices were lower from a year earlier in the other 37% home price gains were concentrated in the Northeast and Midwest, and the story there continues to be too many buyers and not enough homes. In fact, over 85% of zip codes saw price growth in Illinois, Connecticut, Wisconsin and Indiana, slow, steady, stubborn, kind of like winter refusing to leave. Losses were predominant in the Sun Belt. Prices caught their breath there. There was price attrition in Florida, with 96% of zip codes, so nearly all of Florida, then California, 78% of zip codes had a price loss. Texas, 75% of them and Arizona, 73% the biggest pocket of opportunity appears to be in Florida. Florida property is on sale. And because real estate is local. A lot of times we talk here nationally, but to get to that local level, sometimes you have to dig in to a local market to really find out what's going on. We're going to do that today. Now, central Miami, Orlando and Tampa, they're not generally the spot for obtaining cash flow from long term rentals. I've identified an opportunity. We'll get into that with this Florida homebuilder shortly. It's kind of funny. You'll run into people that say they want opportunity, but what they really want is certainty. How it plays out, though, is that once the certainty arrives, the opportunity is gone, and that's how to think about Florida and maybe Texas and some of these other markets today that have had price attrition.    Keith Weinhold  10:48   Now, three weeks ago, here on the show, I discussed the 721 exchange for the first time. So I won't get into all those details again when it comes time for you to sell your investment property, the 721 can be the best way for you to cash out. Perhaps you've been investing in real estate for a while and you have turned get rich education into got rich education. How the 721 exchange works is they basically say you have a case where you're a rental property owner and you realize that you don't want the hassles of landlording anymore. Oftentimes, this can mean you're older and real estate investing already took you where you wanted it to take you in life's journey, but you still like the financial benefit that ownership gives you. What you can do is exchange your properties into a partnership and receive shares in that partnership. Now that's different than a 1031, exchange. That's where you trade up some of your property that you directly own for what's usually more and larger property that you directly own. Well, instead, here's the big deal with exchanging your properties into a 721, partnership. The rules stipulate that this is not a taxable event, and therefore you don't have to pay any capital gains tax or depreciation recapture. Now that you're an owner in the partnership, you still get some of the benefits of owning the property, like appreciation and cash flow and such, yet no management or landlording at all like you would have with a 1031 and with a 721 you get all these benefits across a greater number of properties and markets diversification because you're a fractional owner in the other properties that are in the partnership, not only your own, and when you eventually pass away, your shares are stepped up in basis and can be distributed equally to heirs and C It's surely easier for you to divide shares among, say, your three children, than it is to divide your 18 rental houses among three children Who are going to have different goals and varying degrees of financial savvy. So the 721, exchange is a great estate planning tool too. You will have this partnership that makes an offer to buy your property. You're exchanging them for partnership shares. There's a firm that does this called flock homes, and they have a certain Buy Box to be clear with the 721, exchange, you can basically trade your rentals for shares in a diversified, professionally managed Real Estate Fund. This means that you keep your hard earned equity defer capital gains and other taxes, and you still get access to steady income and long term appreciation without the hassle of landlord duties, and you can visit flockhomes.com/gre, and get a free valuation. Get an offer for your property, see if it fits their buy box and see how much they'll pay you. There's often no need to pay to fix up or stage the property for sale or pay agent commissions for a certain investor type. This really can be a rather life changing experience for you to liquidate some or all of your property have zero tax obligation and still enjoy income and appreciation. So again, what you can do is stop by flock homes.com/gre, that's F, l, O, C, K, homes.com/g, R, E, let's discuss the home building climate today.   Keith Weinhold  14:38   I'd like to bring in a premium Florida homebuilder guest to the show, Jim, because there has been more homebuilding in Florida such that some areas of the state have excess supply. And when you add that onto the fact that the hot pandemic migration to Florida has slowed such that home prices have made a rare dip in the state, that is why it. A timely topic. Jim, you're on GRE Welcome to the show. Keith, great to be here. Thanks for having me. Yeah, and we did the IRL thing in Colorado there a few weeks ago. That was great hanging out in person. You provide entry level new build homes, mostly in Central Florida. And these are properties that are conducive to real estate pays five ways. These are properties that investors chiefly buy as rentals. So just bigger picture, tell us about that overall experience over, say, the last five years, as the pandemic wound down,    Jim Sheils  15:35   yeah, as the pandemic wound down, obviously Florida had a lot of attention. Some of it, rightly so, some of it, I think a little more inflated and commercial attention getting thrown at it. And you know, the type of deals that you and I have always stayed away from were very popular in Florida. You know, we're talking really nice houses. Keith, beautiful, nice HOAs people got in in 2021 let's say, with those very low interest rates on a six or $700,000 home, but now they're realizing that it's not going up $100,000 a year as they thought. And when they try to sell it, well, people trying to buy in $700,000 home, they're not getting that low interest rate. And if these people try to hold it and rent it, well, it doesn't cash flow, so it breaks one of those rules. It's not putting money in people's pockets, taking it out. And so we're seeing there was a large distribution of those types of houses around Florida. And then there were some builders like us that really focused on what was the most needed, and that was workforce housing. Now workforce housing, though, Keith, as you know, a lot of the builders don't want to build it. Why? Let's be straight. It's because the margins are lower right. But as you know, with me and my partner Chris, it was always let's make less margin and do more volume. That was always our model, and that was the area of the market where we felt we could build it right, we could get it financed right, and we could manage it right to hit the five things. And so we're seeing today, post pandemic, there are still key markets where the population growth is still the highest, coming into Florida, the prices are still the lowest, and there is a shortage of this type of workforce housing.   Keith Weinhold  17:11   Yes, you've identified a geography within Florida that have some of these characteristics like you're talking about. Tell us more about that region.   Jim Sheils  17:20   Yeah, we call it the Ocala region, so Central Florida, just west of Orlando. Right now, for example, u haul does their U haul top markets rankings every year? So where are the most U haul trucks going to now, you don't want to be on their side where they're coming from, Keith, because that's obviously the opposite. But for the second year in a row, the greater Ocala area has been the number 1u haul destination place in the country. So there's still a ton of population growth going there. Central Florida, I'm not going to say it sat out the growth during the pandemic that a lot of areas of Florida did, but it was starting at such a low basis with such a small amount of attention that today, even when people say, oh gosh, like I just said, house is 600 700 800,000 we're building new construction single family homes for under 300,000 the 270s a lot of the time. And we're building duplexes sometimes for under 400,000 and a lot of our you know, investors coming from the west coast. Say, are these fully built? Are they? But again, Central Florida has had a great affordability. Remain intact. It has a large population going in. There is a ton of job resource just blowing up in the area. And as you know, these are the things we look for. So we bought a lot of lots there. I'm gonna give credit to my partner, Chris. He saw calla more than I did, and we bought a lot of lots there in 2020 so before all the rises. So we got into the land basis, right? So that means we can build them at a great price. Our land basis is low, and that obviously passes along to our clients. And again, Central Florida is a perfect match for our goal. Because, you know, our goal is workforce housing, that cash flows on day one. But also nothing wrong with fixer uppers. I own a lot. I used to do a lot, but the new construction seems to have a little bit more of a less involvement, which it seems like a lot of our clients want.   Keith Weinhold  19:15   That was really prescient, as it turned out, for your business partner, Chris there to gobble up a lot of that land in 2020 before prices went soaring. And this is one reason why you can do things like offer a duplex for less than 400k That's a new build, which has some people saying like, does that thing include a roof even? But it surely does. These are very good quality livable properties. And the reason I have you here, Jim is because you are rare. There are fewer builders today than there were in decades past, and also those that build to your point earlier. They only want to build higher end properties, not the more affordable ones that you offer. We'll get more details on your price points and what properties. Products you offer later. But yeah, we have more remodelers today and fewer builders. And though it's a few years old, I found it interesting that census statistics show us that between 2007 and 2022 there are 73% more remodelers and 21% fewer builders today.    Jim Sheils  20:22   Interesting. You know, Keith, I didn't know that, and that makes me scratch my head on like when you and I were in Colorado, we were talking about future needs, even with growth that occurred during the pandemic going all the way back to oh eight when a real shortage started to start, we are still at an estimated three to 5 million homes short in the US. It really perplexes me that the amount of builders like us will be going down and not actually entering the market.   Keith Weinhold  20:47   Now, among those that are building, though, much of that is concentrated in the South, as I think we know, there's a recent resi club compilation show that 59% of current single family home building is in the south, and 41% is everywhere else. And how do you define the South? That's basically Maryland down to Florida, all the way out to Texas and Oklahoma. So you are pretty rare in some ways. However, where you're building regionally, that's not a rarity there, but yeah, having more remodelers today and fewer home builders, that's probably the result of a lot of things. You know, for one thing, just land and construction costs becoming that much more expensive over the past five years.   Jim Sheils  21:05    Yeah, we've been lucky, too, as you know, Keith, you've been with us for a decade now. But yeah, and we transitioned a piece of our company where Sumitomo forestry, large Japanese group stepped in and acquired a piece of our property. That was a very exciting thing for all of us together, because we had done well, and, you know, started small and built up to a decent sized builder for Northeast Florida and then the rest of Florida. But now, with Sumitomo coming in again, they build 17,000 homes worldwide every year, between all of their builders. Now being a part of them, we get to use their national material accounts, so they get pricing just as good, if not better, than national home builders, and they let us do our thing, stick to our build to rent, working with investor clients. We're not retail buyer guys, really. We like working with our investors, but just getting those great discounts on materials, again, we're always looking to pass on savings to our clients. Of course, we got to make margins as well, but if we're getting in with deals like that, getting into the land right, and knowing the pinpointed areas to get into, we can get the best deal for everyone. And that's been a major part having such a big, successful partner like Sumitomo keep us healthy, viable and able to do things we could have not even dreamed of five years ago.   Keith Weinhold  22:47   Yes, that gives you more capital and more options. Another unusual aberration in the market that really centers on a lot of what you do is that this fact that and this was mentioned on the show last year for the first time in my life, existing homes cost more than new build homes. Existing homes at about 420k nationally, and new build homes about 392k part of the divergence there is probably builder price cuts. So tell us more about that.    Jim Sheils  23:14   I think the issue Heath is builders built for largest spreads, and people bought very emotionally. I think you're to give you a compliment a very unemotional real estate buyer. You're not looking at, oh, this is a very nice, you know, extra his and hers porcelain sink. And we're looking at fundamental numbers a good, solid property. And I think what's caused a lot of that is people did the opposite. Builders were looking for the largest margin they could get, which was on those types of properties. And then buyers were looking very emotionally, and they were told, Hey, this is going to go up 50 to $100,000 a year. So just sit there and hold on, sure you'll lose $1,500 a month, but don't worry about it. You'll make up for that every year. And obviously we're not seeing that's true. They could have really used your class about the five ways to get paid in real estate. And I think that that's what's doing it. And this is what builders do. I mean, everyone's in a business, and a lot of builders just focus on the largest margin. Now that's eating them up now, because those types of properties are not in demand. To build them on spec would be very dangerous, but you can see that that worked for a short term. We're very glad we went to the low margin workforce housing model, because I see that falling out of favor almost never even in Oh 809, Keith, when I was in the remodel game, a lot of the properties that were new construction coming out that time they were affordable, still did very well.   Keith Weinhold  24:42   We're talking with a premium Florida homebuilder today, because they offer affordable properties that make sense for investors. But what about the demand? Where is that going to come from? Where is that going to be? And that's what's happening with the renter segment. We'll talk more about that when we. Come back. You're listening to get rich Education. I'm your host. Keith Weinhold,   Keith Weinhold  25:03   flock homes helps you retire from real estate and landlording, whether it's one problem, property or your whole portfolio through a 721, exchange, deferring your capital gains tax and depreciation recapture, it's a strategy long used by the ultra wealthy. Now Mom and Pop landlords can 721, the residential real estate request your initial valuation, see if your properties qualify@flockhomes.com slash GRE, that's F, l, O, C, K, homes.com/gre.    Keith Weinhold  25:39   You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom, family investments.com/gre, or send a text now it's 1-937-795-8989, yep, text their freedom coach directly. Again, 1-937-795-8989,   Keith Weinhold  26:51   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President chailey Ridge personally, while it's on your mind, start at Ridge lending group.com that's Ridge lending group.com   Ken McElroy  27:26   this is Rich Dad advisor, Ken McElroy. Listen to get rich education with Keith whitehold, and don't twitch your Daydream.   Keith Weinhold  27:40   Welcome back to get rich Education. I'm your host. Keith Weinhold, we're talking with Jim a premium Florida homebuilder here at such an interesting time in the cycle, since supply is up in some parts of Florida, Jim and his team has strategically chosen a place that is still fueling a lot of net in migration in Central Florida, and that's where the rental demand needs to come from as well. Now nationally, we've seen the homeownership rate fall over about the past year, from near 66% to near 65% that does not sound like much, but a 1% shift means there are 1.3 million new renters in just the past year. So with that in mind, and the fact that this low affordability for home buying means that people need to rent or stay renters longer, provides some of the Sustainable demand. So tell us more about the rental demand in Central Florida.   Jim Sheils  28:39   Yeah, you know, when we first went out there about a decade ago, Keith, I think it was 82 or 83% of all properties out there were owner occupied, which means it was a very lopsided amount of existing rental property available. And this is before the curve of population growth really took off. But when Chris and I went out there and we were assessing that small percentage of rental property that was out there. Gosh, it was old and kind of beat up. There was not a lot like the new construction that was available. So when we brought in new construction, we saw just the competition. Was hard to compete with us. You know, when it was an older, not so nice taking care of we came in and we saw a jump from, you know, doing older houses ourselves, you know, a person would stay about 13 months. But for the new construction in Central Florida, we've seen a jump to about three years. So that's really positive. People get into a new construction property they don't want to leave, whether that's half of a duplex or a single family. The duplexes are interesting because we're able to build those on infill lots and existing single family home neighborhoods, so a person who doesn't want to live in an apartment can live there, have their own yard, and they couldn't afford the whole single family, but to have half of a single family basically what a duplex is. It makes a big difference, and the people are in great demand of rental in Central Florida there because of exactly why. I said, Keith, the job. Course, continues to grow in Central Florida, extremely strong. The business incentives to come into the area by the local municipality is very, very good. So here's something interesting, Keith, the average salary in Ocala is about 72,000 and the average home price is about 298,000 that is a very healthy affordability one. Yeah, very, very good. And so that job source continues to pay very well. And we've talked about just the logistics centers and the Equestrian Center. That's the largest in the world. Now the villages are just 25 miles south. So Ocala becomes a bedroom community, and that is the second largest retirement community and growing in the US. So there's a lot of job source that allows people to live there at a good affordability. And so that combination of affordability with this extending job source has been really, really good for the Ocala region.   Keith Weinhold  30:59   It's been said that the only place you get money is from other people, and we're talking about your renters in this case. So oftentimes these renters, they had their sense of privacy there, like, for example, do the duplexes even have fenced backyards for each individual side,   Jim Sheils  31:17   depending on where they are? We will. Other times it hasn't been a requirement. We've done lots of surveys to see is it worth the price point to put in full fencing in certain areas. It can be in a lot of areas. Keith, they're just so excited with the price point not having to move into an apartment building that it hasn't even been warranted or necessary.   Keith Weinhold  31:38   Yeah. So we're talking about livability characteristics here, because oftentimes new build rental property results in a higher tenant stay that longer duration, because they're the first person that have ever lived there, and it's also difficult for them to go out and improve their living situation unless they become a home buyer, and that's difficult to do today. Tell us more about the incentives and the property types and so on, because there really are some pretty exciting ones.    Jim Sheils  32:09   One of the best things about Central Florida, Keith, combined with new construction, is insurance costs. Now you and I have laughed about the blanketed statement where you said, oh my goodness, you cannot get insurance in Florida. You can't get property insurance in Florida, or it's doubled, tripled, gone up 7x that is a true statement on certain properties. If you're buying older properties from the 1950s that are within a half mile of the beach on low lying ground, but new construction properties far away from the beach, that is a totally different things. So again, being in Central Florida, where we are, a lot of people think, oh, to insure a single family home there, that's going to be several $100 a month, when actually, you know, and you've seen a lot of our performer quotes, our insurance companies are getting a single family home done for about $65 a month on average, full coverage. And that's the advantage of new construction. Insurance companies are all about risk. They analyze risk. When you're on a new construction property built on higher ground away from the beach, they like that, and they do that a duplex. You're looking at about $100 a month. So incentive wise, we've really searched to team up with great insurance companies that get the best rates full coverage. And again, we surprise people when they say, Oh man, I thought there would be a whole nother zero at that monthly cost. And these are actual quotes, as you know, with working with a lot of GRE people. So that's one great thing, another great thing, Keith, that happened when we joined forces with Sumitomo. And again, Sumitomo 320, years old, one of the biggest powerhouses out of Asia, Warren Buffett, is very heavily invested in another one of the conglomerates, not the housing one we do, but he's very involved in one of their other companies. And when they came aboard, you know, we have no bank debt for a builder, which is rare. And since we have such a healthy balance sheet, we're actually able to work deals with mortgage companies where we'll do what's called builder forward commitments, Keith, and that means we will pre buy mortgages for our clients, for the homes we're building, and we will pass that savings along. So right now, you know, if an investment property in a duplex might be an average of 7% for anyone who walks in off the street to a bank. Right now, our most popular rate program for our investors, for single family or duplexes, is 3.75 Gosh. So as you know, for your five ways, if we want to get cash flow, there's a big difference. Yeah, we're getting affordable housing. But if the rate is over 7% compared to 375 that could eat up the cash flow with us being able to have this power to buy large tranches of money and pass it along and lock our people in again, an average right now at 3.75 is our most popular program, and that's long term money, then we're able to get that cash flow right off the bat. And you and I know how important that is   Keith Weinhold  34:50    for this super attractive 3.75% long term mortgage rate on single family homes and duplexes. How? Much does the buyer have to come out of pocket at the closing table to buy that down themselves? And how much do you the builder participate in that buy down?   Jim Sheils  35:07   You know, it depends Keith at different times, because there is a little bit of a fluctuation. Sometimes it can be as low as zero points or just one origination point to bring it in. It does vary. And also, if people say, hey, I really don't want to bring in any points. Well, that's fine. You know, if you don't want to walk in zero to 2% points for that, you can also just raise your rate up to four and a quarter and probably walk in nothing. So there's different things that we can do, but the goal of it is to have us have the brunt of it. And what I can tell you is, if the average person walked into a bank, and a bank wouldn't do this anyway. It's only for, again, builders with a certain size, but if you went into a bank right now and said, I'd like to buy my rate down to 3.75 the average Keith that this would cost a person off the street going into a bank would be 12 to 15% banks wouldn't even do it for an individual. But that's about the estimates when you look at it. So again, volume has privileged. The fact we're able to buy it down. It does cost us a good amount of money, but we're all able to save since we're kind of working together to buy these larger tranches. And again, the need of any investment for buying down the rate from the clients is very minimal.   Keith Weinhold  36:18   Tell us more about the property types, new build single family homes, new build duplexes.   Jim Sheils  36:23   You know, single family and duplexes are our main focus in 2026 for Central Florida, we've done the research. They're very high in demand. They rent quickly, and they rent long term to produce cash flow. Our average single family home under 300,000 we're aiming to after expense, make about $300 cash flow. Our duplexes should be about twice that amount, about just under $600 a month, or just over in cash flow. And then again, the prices are ranging from about 395, to 420, for a duplex. Again, these are in workforce areas where we're doing great, scattered lots. Scattered lot means there's already existing homes around. We like to go to an area where there's good a fundamental balance of homeowners and renters. So there's retail buyers that have bought their first home, and we will place our rentals in between them, whether it's a single family or a duplex.   Keith Weinhold  37:13   We sure don't need to do a complete audio pro forma here, but those cash flow amounts something near $300 for a single family home, and about double that for a duplex. Is that using, you know, a bought down rate to about 4% and some of these other inputs you're talking about, like low insurance costs and a certain property tax rate, can you tell us about that?    Jim Sheils  37:35   Yeah, property tax rate is property tax rate. We can get pretty dang close on property taxes, you know, based on millage and get that down. But when we do our performers, we absolutely go off of, you know, our average rate to be the 375, to four and a quarter. And then when GRE clients look at our performer, and they look at the insurance cost, that's an actual quote from one of our insurance companies that has insured hundreds and hundreds of these properties. Not a guess, yeah, so they know what they're doing. So yeah, those would be the assumptions made in there, and that's what we're basically getting on a week in, week out basis.    Keith Weinhold  38:09   That is really attractive as we're talking about new build. I imagine there is some sort of builder warranty as well.    Jim Sheils  38:16   There's a state mandated 210 warranty. 210 warranty is something we could talk probably a whole episode on Keith. But for what's good for people to know, basically what that means, you get two years coverage on the small stuff and 10 years coverage on the big structural stuff. And so that's why I like new construction. You know what? I used to personally just buy my own fixer up Return key properties from other people. I could get a one year warranty, and that's the best that really can be done. Now with new construction, we've gone from, you know, with our fixer upper homes, able to do a one year warranty, which is good at something. But now with new construction, we can do a 210 warranty, big difference, and also really helps the safety score of issues if they came up.    Keith Weinhold  38:59   We were talking about new build property, and we tend to project relatively low maintenance and repair costs for an obvious reason, maybe your long term vacancy rate could very well be lower as well, due to my earlier point about a tenant wanting to stay there for a long time, because it's hard for them to improve their living situation unless they went out and bought their own place. And you have the low insurance rates, and you have the low mortgage rates, all contributing to positive cash flow on a new build property. And we think about that tenant and what gets the tenant excited? We start to think about some of those amenities. So tell us about what amenities are offered, including inside, in the kitchen and so on.   Jim Sheils  39:38   Jim, yeah, great question, Keith. We've really gotten a great recipe for success for that. You know, we've been doing this a little over a decade now, and so you're always tweaking your build model. What do people like? What do they not like? What's good for durability? Let's look at maintenance and repairs. Let's look at turn costs. So our goal is always the dual focus. That's what looks good. And what lasts really well, yeah, because you want durability. When you have tenants, you want it to look good, so you sell it down the road, 510, years to a first time homebuyer, it looks great. You can sell it. But durability wise, you don't want a lot of extra expenses or maintenance and repairs. So we go durability. So what we found a couple of things. I always joke about this. I do not like the word carpet, Keith, that is a terrible swear word in real estate investing, I can tell you right now, if I could go back and this is not, you know, owning hundreds of rentals, if I could not have done carpet and just reversed it to like vinyl plank flooring, like we do now, or even tile, which was more, I probably would have been able to buy three or four of our duplexes cash with the amount of money, and that is not an exaggeration. So we do not do carpet. First of all, it seems like trends are changing. It's not in favor right now. So we do vinyl plank flooring, which looks really nice, almost like wood floors, super durable, though, for a young family that's going to be tenant occupied in your property and running around on it. That's great. Kitchen wise, again, we don't sell retail really. We like to work with investors, but down the road, our investor might want to sell to a retail buyer. So we know, you know, from our old fix and flip days of the FHA buyers, the kitchen's got a pop. So we always do, you know, we don't do the white appliances, which you know would save you quite a bit of money, and save us quite a bit of money. We do stainless steel appliances. We do all new cabinetry, you know, kind of the latest, nicer cabinetry, a little bit of an upgrade. And then, you know, butcher block countertops, those are going to wear in about a year or two. Keith, it feels really good to spend that smaller amount, you know. But we, we like to do the more durable, nice looking countertops, you know, that are, you know, just so much more esthetically pleasing and actually durable as well. Same thing in the bathrooms. A lot of new builders will do shower kit, which not a problem if you're saving money on a rehab, you know, but we would rather do tile, bring in the extra subcontractors to give tile, and then in the master we do the dual sinks, which this might sound like little stuff, Keith, but these are the micro movements that help get a tenant in quicker, stay longer and more rent. So we're always trying to do these extra things in the granite countertops, both in the kitchens and in the bathrooms. Those cost more upfront, but we see for long term of tenant we see, for the amount of rent we get, and for resale ability, because a lot of people don't think about that. You know what? In seven years you want to sell one of these properties? Well, it's a seven year old roof, it's seven year old plumbing, you're still in a great spot for an FHA buyer. And that esthetically pleasing flooring, bathrooms, kitchens. That allows an easier sale for them, because we want to look all the way around, not just a rental. I like to hold long term, but if you want to sell in five to 10 years, that's a very valid strategy.    Keith Weinhold  42:48   I like carpet in my own home, but not rentals. But what you're sharing with us, Jim, this is absolute gold that's been brought to you through experience. This over improvement versus under improvement line in rentals, and it really has a lot of balance between durability and price. These are the sort of things that really matter, but you are selling predominantly to individual investors, a lot of mom and pop investors. Why don't you make more sales to the retail, owner occupied market, or to institutional investors, even though that might be cracked down upon now. But why don't you sell to those parties?   Jim Sheils  43:26   Yeah, you know Keith, I did a lot of fix and flip to FHA buyers, and I'm an investor. I really like working with investors. So when this all really went back to is 2009 I had a lot of investors. I was in Northeast Florida. The deal flow was incredible. And I just had a lot of investors, you know, through my different networks and Masterminds, like, where you and I have met, and said, Hey, you're getting great deals in Northeast Florida. Could you help put some together for me? And so I had done quite a few fix and flips to retail buyers, and it just kind of hot on me, you know, way back then, like, Wow. I like working with investors. I like building portfolios. I also like the fact that when I'm normally building a portfolio for an investor, well, they hang out with other investors, and they're not looking to buy one property over the next five years. They're looking to buy five to eight properties over the next five years. great point. And so we just saw it as you gotta like who you work with, right? And nothing against first time homebuyers. But when I was rehabbing houses and selling them, golly, that was a lot of work. And then could be persnickety. Yeah, very persnickety. And so when Chris and I teamed up about 10 years ago, we had both gone through the same kind of aha, like going, Yeah, it seems great, but you could sell for more to a retail buyer. But again, like I go back to even the type of property we build, we'd rather do a volume with investors. Be a builder, buy investors for investors, and work that way. And I think it suits me. I think I would have probably hung up my shoes a long time ago if I was. Working with the amount of properties we've done with retail buyers compared to investors, honestly, and so I think it was just kind of, it was a preference, really, that made sense   Keith Weinhold  45:09   to your point. Investors buy multiple properties, and that way there are fewer parties to deal with. And investors tend to be less emotional than those more persnickety, owner occupied buyers. Well, Jim, you make it easy for investors. Besides all these incentives, you also offer an in house management solution for these investors, often that tend to be out of state. Well, Jim, before I ask you, if you have any closing thoughts, would you the listener like to ask Jim any question directly? Well, you can, because I have a great event to tell you about next Thursday, the 19th, at 8pm eastern Jim here and GRE investment coach, Naresh will co host a live webinar for Central Florida new build income property. In fact, Jim, I think you know Naresh longer than I have, as it turns out, but this event is free, and you the listener are invited. We've had between 250 and 550 registrants for our past webinars. Not all of them attend live. So the benefit of you attending live is that you can have any of your questions answered by either Naresh or Jim in real time, and besides learning about the Central Florida market and more about home building, you are going to see available new build income property, real addresses with some of these rather grand incentives that we've talked about here, you might end up with a long term rate of about 4% again, it is Thursday, the 19th at 8pm Eastern. Sign up is open now at grewebinars.com that's grewebinars.com Any final thoughts here, Jim, for this great event coming up next week?   Jim Sheils  46:52   I think we're going to dig a little deeper. Obviously, this is a conversation that was great, but moves pretty quickly when we talk next week, we're going to be able to dig into more of the fundamentals, some of the stats, and just get underneath the hood of why Central Florida is making so much sense, and just some of the rising stars that we're seeing there that we're very excited to be a part of.   Keith Weinhold  47:13   You've helped our listeners for close to 10 years now. It's been an informative chat as always. Thanks so much for coming back onto the show.    Jim Sheils  47:21   Thanks for having me, Keith.   Keith Weinhold  47:27   Yeah, like our guest touched on Ocala, Florida now has national recognition as the fastest growing city in America, and that's for the second year in a row. According to a new U haul report, Florida is, of course, a rather landlord friendly state. In fact, Florida is the first state to enact a law that allows law enforcement to immediately remove squatters, distinguishing them from legal tenants. Now here's what's interesting and why I've identified this opportunity if Florida prices dipped because people were leaving now, that could be a red flag, because population loss is like gravity. Once it starts falling, it is hard to escape. But that's not what's happening. Instead, what we're seeing is a temporary overbuild hangover. Builders got ambitious. We're in a brief period where supply outran demand and prices softened. That's not decay. That's a sale rack. Any vacant homes are not stranded. They're being absorbed by Florida's still growing population, which has now increased every single decade since its first census count, back in the year 1830 back in 1830 there were about 35,000 residents in the whole state. Isn't that amazing today? North of 24 million, that is 700x population growth in almost 200 years, and it's still growing. That kind of trend doesn't reverse because a few builders over ordered inventory here at GRE this made us target and find in opportunity. This isn't an accident. Central Florida is this year's most compelling. Housing market in that region, Central Florida, is growing faster than the rest of the state at large, and it really sits in the sweet spot of this temporary imbalance. One long established builder overbuilt and now they're motivated. They know what investors want. So, for example, they don't build swimming pools with their homes. They also offer property tours, and over 90% of their tour attendees buy property. They're willing to offer terrific incentives at our upcoming GRE live webinar, like we touched on new build single family rentals, 270k and up duplexes, three. 95 to 420, long term mortgage rates as low as 3.75% you get low insurance rates since they're inland and new build positive cash flow and a builder warranty at the event. You're going to learn all about the growth drivers in Central Florida, why so many renters are moving there and see available properties. This benefits anyone looking for a clear, practical view of current real estate conditions. Joining live does matter, since you can have those questions answered in real time, not after the opportunity has moved on, you are invited for next Thursday, the 19th, at 8p m Eastern. This one is worth circling, not because it's flashy, because it's timed right. Sign up is open now @grewebinars.com that's gre webinars.com. Until next week. I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 5  51:00   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.   Keith Weinhold  51:29   The preceding program was brought to you by your home for wealth, building, get richeducation.com  

Wealth that ends with you is success, but wealth that outlives you is a legacy.In this episode, Corwyn J. Melette sits down with Mark Miller, CEO of Hilton Tax and Wealth Advisors, to provide the tactical manual for dynasty building. Mark is a returning guest where he previously talked about the foundational concepts of wealth preservation and the mindset required to stop the "start-over" cycle. While that first conversation was a primer on financial literacy, this episode dives into the "what's next": creating the enduring trust systems and "wholesale" investing strategies used by the Hilton family.Mark bridges the gap between simply having money and systematizing it. If the first episode taught you how to start the car, this episode teaches you how to build a self-driving vehicle that ensures your great-grandchildren never have to start from zero again.The Legacy Moment:True legacy isn't about leaving a lump sum of cash; it's about building a disciplined system and imparting the financial wisdom that ensures your family never has to start from zero again.Key Takeaways0:00 - Legacy vs. Success: Defining wealth that outlasts you.5:38 - Why the third generation often loses everything and how to stop it.7:23 - The "Sieve" Strategy: Using trust structures to prevent "lump sum" wealth destruction.11:35 - Parenting & Money: How to teach heirs the value of a dollar before they inherit.15:21 - Retail vs. Wholesale: The hidden 3-4% fees eating your investments.17:40 - The "Bucket" Concept: Following Warren Buffett's lead in asset diversification.24:18 - Safety First: Why the ultra-wealthy prioritize downside protection over high-risk gains.Catch Up on the Foundation:Missed Mark's first appearance? Before you dive into the systems, make sure you have the right mindset.

email chris@drchrisloomdphd.com with "Podcast freebie" to book a coveted FREE guest spot on the show. To book a PREMIUM spot on the Podcast: ⁠⁠⁠⁠⁠https://www.drchrisloomdphd.com/_paylink/AZpgR_7f⁠⁠⁠⁠⁠Book a 1-on-1 coaching call: ⁠⁠⁠⁠⁠https://www.drchrisloomdphd.com/booking-calendar/introductory-session⁠⁠⁠⁠⁠ Become a member of our Podcast community: ⁠⁠⁠⁠⁠https://www.drchrisloomdphd.com/membership⁠⁠⁠⁠⁠Subscribe to our email list: ⁠⁠⁠⁠⁠⁠https://financial-freedom-podcast-with-dr-loo.kit.com/⁠⁠⁠⁠⁠⁠Click here to join PodMatch (the "AirBNB" of Podcasting): ⁠⁠⁠⁠⁠https://www.joinpodmatch.com/drchrisloomdphd⁠⁠⁠⁠⁠Click here to purchase my books on Amazon: ⁠⁠⁠⁠⁠https://amzn.to/2PaQn4p⁠⁠⁠⁠⁠Click here to purchase my audiobooks, visit: ⁠⁠⁠⁠⁠https://www.audible.com/author/Christopher-H-Loo-MD-PhD/B07WFKBG1F⁠⁠⁠⁠⁠To help support the show:CashApp- ⁠⁠⁠⁠⁠https://cash.app/$drchrisloomdphd⁠⁠⁠⁠⁠Venmo- ⁠⁠⁠⁠⁠https://account.venmo.com/u/Chris-Loo-4⁠⁠⁠⁠⁠Buy Me a Coffee- ⁠⁠⁠⁠⁠https://www.buymeacoffee.com/chrisJx⁠⁠⁠⁠⁠

Mark Roberge is calling it now: we are about to witness the highest failure rate for a single cohort of startups in the history of tech. As author of Science of Scaling, and co-founder of Stage 2 Capital, Mark joins the pod to dismantle the "growth at all costs" mindset that still plagues founders. He explains why the assembly-line sales model is dead and how AI will force a return to the full-cycle "rainmaker" rep. **Key moments:** The AI Bubble: Why the index fund of the last two years of AI investments is likely doomed. Fixing Your ICP: And how optimizing for CAC or inbound volume without ICP fundamentals in place is a recipe for disaster The 80% Rule: How AI moves reps from 25% selling time to 80%, and what that means for the future of SDR, AE, and CS functions LIR - What it is and Why It Matters: Why every board deck needs a a LIR slide to predict product-market fit before revenue numbers hit **Note:** Mark is donating 100% of the proceeds from his new book to mental health causes. Grab a copy of *The Science of Scaling* on Amazon!   Subscribe to Topline Newsletter. Tune into Topline Podcast, the #1 podcast for founders, operators, and investors in B2B tech. Join the free Topline Slack channel to connect with 600+ revenue leaders to keep the conversation going beyond the podcast!   Chapters: 00:00 Introduction: Mark Roberge and The Science of Scaling 03:44 Founder Turnover and Loyalty in the AI Era 06:18 Navigating Founder Burnout and Strategic Pivots 16:30 Predicting High Failure Rates for AI-Native Startups 18:57 The Origin Story Behind The Science of Scaling 24:51 Why Most Companies Define Their ICP Wrong 28:34 The Leading Indicator of Retention (LIR) Framework 32:30 Real-World Example: Shifting ICP Based on Retention 37:22 Who Should Own Product-Market Fit? 43:23 Transitioning GTM Strategies from SaaS to AI 47:29 The End of Specialization: Collapsing GTM Roles 51:12 Solving GTM Inefficiency by Increasing Selling Time 56:50 How to Pilot the Consolidated "Ninja AE" Role 01:04:29 Designing Organizations for Rainmakers vs. Average Reps 01:08:01 Mental Health, Gratitude, and Closing Thoughts  

En este episodio de Value Investing FM, Adrián y Paco tenemos el placer de volver a entrevistar a José Antonio Larraz de Equam Capital, que ya estuvo con nosotros en el episodio 309. Nos explicará cómo han vivido este último año y algunos movimientos destacables entre las empresas de cartera, cómo ve la situación actual en la economía y los mercados y repasaremos algunas de sus tesis de inversión y sus errores, antes de las preguntas cortas finales. Tesis de inversión: Actualización: Arnoldo Mondadori Editore Actualización: RHI Magnesita Domino's Pizza UK/ Amrest Holdings Expro Group Inchcape Befesa

John Casmon interviews Matthew Pezon, who shares his journey from being told he was the “worst employee” in his engineering job to building a vertically integrated multifamily portfolio in Pennsylvania. Matthew explains how early mentorship, relentless deal touring, and making dozens of offers helped him build confidence and land his first deals through distressed single-family and small multifamily properties. The conversation digs into Matthew's shift away from long-term buy-and-hold thinking toward what he calls the “velocity of capital,” recognizing when equity becomes trapped and redeploying it into larger value-add assets. After becoming a father of twins, he realized brute-force solo investing no longer scaled, pushing him to trade up into 20–40 unit properties and build leverage through people, systems, and capital. Matthew also breaks down how long-term relationships with agents and investors unlock off-market deals, why certainty of closing often matters more than top-dollar pricing, and how maintaining a reputation for not retrading sellers has fueled his growth. He closes by sharing how in-house property management, acquisitions staff, and clean financial reporting have helped him scale to hundreds of units while reclaiming time with his family. Guest Info Matthew PezonCurrent role: Founder and owner, Pezon PropertiesBased in: Lehigh Valley, PennsylvaniaSay hi to them at: https://pezonproperties.com Book your free demo today at bill.com/bestever and get a $100 Amazon gift card. Visit ⁠www.tribevestisc.com⁠ for more info. Try QUO for free PLUS get 20% off your first 6 months when you go to quo.com/BESTEVER  Join us at Best Ever Conference 2026! Find more info at: https://www.besteverconference.com/  Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at⁠ ⁠⁠⁠www.bestevercommunity.com⁠⁠ Podcast production done by⁠ ⁠Outlier Audio⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the Planet MicroCap Podcast, I'm joined by Chris Marlett, Co-Founder and CEO of MDB Capital Holdings (NASDAQ: MDBH), to unpack the firm's differentiated “public venture” model and why he believes the traditional venture capital and private equity ecosystem is breaking down. Chris explains how MDB operates as a hands-on merchant bank—building and taking early-stage, big-idea companies public as an alternative to VC—while addressing the shrinking U.S. microcap universe, the misperceptions around the cost of being public, and the opportunity created by a severe shortage of high-quality public companies. We also discuss MDB's focus on category leaders with billion-dollar potential, its equity-aligned business model, and why public markets can offer founders a more attractive path to scale, liquidity, and long-term value creation. We mention a number of companies and sectors during this conversation, and I'm not a shareholder in any of them. Chapters 00:00 Introduction to MDB Capital Holdings 01:40 Chris Marlett's Journey in Microcap Financing 03:19 Founding MDB Capital Holdings 08:22 Understanding Public Venture vs. Big Ideas 10:55 The Cost of Going Public 15:31 The Shift in Private Equity and Venture Capital 20:26 Why Now is the Time for MDB Capital 26:42 Identifying the Sweet Spot for IPOs 27:18 The Importance of Unique IP in Deep Tech 28:34 Navigating the Public Venture Ecosystem 29:51 Differentiating in a Competitive Market 30:50 The Challenges of Investment Banking 33:16 The Future of Microcap Investment 36:28 Sourcing Profitable Companies 39:19 Expanding Focus Beyond Deep Tech 41:09 Engaging with Institutional Investors 43:24 The Need for Follow-On Financing 46:02 Upcoming Opportunities in the Pipeline 50:11 Determining Ideal IPO Sizes For more information about MDB Capital Holdings, please visit: https://www.mdb.com/ Planet Microcap hosts the highest quality in-person microcap events in North America. The mission is to bring the best microcap investors, companies, and allocators together to gather, connect, and grow.; visit https://planetmicrocap.com/ to learn more about our Las Vegas and Toronto events. The purpose of this conversation is for informational and educational purposes only and should not be construed as a recommendation to purchase or sell any security. Planet MicroCap Holdings LLC and MicroCapClub LLC are not registered investment advisors. Planet MicroCap Holdings LLC, MicroCapClub LLC, its partners, contractors, members, subscribers, guests, and affiliates may or may not hold positions in one or more of the securities mentioned on this program and may trade in such securities at any time. Do your own due diligence and seek counsel from a registered investment advisor before trading in any security.

“You can't build wealth without building relationships.” In this episode, Rayna Mike shares her incredible journey from mortgage banking to owning and operating more than 1,000 multifamily units valued at over $20 million. With 25+ years in real estate, Rayna explains how she transitioned from single-family homes to multifamily syndication, the lessons learned from her first capital raise, and why partnerships built on trust and integrity drive her success. She also reveals how she uses education, consistency, and genuine care to attract investors, and why 2026 will be a defining year for those ready to seize once-in-a-decade opportunities in multifamily and mobile home investing. This conversation delivers timeless wisdom for investors and entrepreneurs seeking both financial growth and long-term impact. 

Chris Cutrone discusses how Trump, Elon, International Capital, and Capital itself are ushering in a world littered with personal robots, self-driving cars, AI therapists, and other Kitsch Crap that could easily have been lifted from an old issue of Amazing Stories. Support Sublation Media:https://patreon.com/dietsoap

In this conversation, Dylan Silver interviews Dean Zuleger, an investor specializing in multifamily housing, particularly workforce housing. They discuss the current trends in the multifamily housing market, the impact of economic factors, and the importance of employer partnerships in determining the viability of housing investments. Dean shares insights on market dynamics, investment strategies, and emerging trends in industrial and tech real estate, emphasizing the need for adaptability in a changing investment landscape.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true 'white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a "mini-mastermind" with Mike and his private clients on an upcoming "Retreat", either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas "Big H Ranch"? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

David Harvey on his new book, The Story of Capital • excerpt from Mark Carney's Davos speech • Adam Federman on Trump's Greenland obsession The post Behind the News – February 5, 2026 appeared first on KPFA.

Guest: John Cochrane. Cochrane discusses the demand for foreign investment, examining how capital flows impact the U.S. economy and the complexities of managing trade imbalances.1925 DUTCH MARINES IN SHANGHAI

Summary  Most people hear "franchise" and think McDonald's-level money and full-time grind. In this episode, Curtis sits down with Greg Mohr, founder of Franchise Maven, to break down a smarter, recession-resistant path: buying essential service businesses with proven systems without needing to be the technician. Greg shares his background from corporate engineering and small business ownership into franchising, then teaches how to evaluate franchise opportunities like a real investor. The centerpiece is his simple due-diligence filter: talk to 10+ operators before you buy anything and know what to listen for. What You'll Learn Why service franchises (HVAC, plumbing, electrical, senior care, restoration) can be more recession-resistant than trend-based businesses -The difference between buying a job vs buying a system (and how to structure the owner role) -A realistic expectation for time and ramp-up: 10–15 hours/week and a 2–3 year runway to "work-optional" cash flow -The 10-Operator Rule: why talking to 10 franchisees changes everything, and how it protects you from expensive mistakes -3 red flags to watch for when interviewing franchisees -Why undercapitalization kills otherwise good businesses—and how to think about runway and liquidity -What a pro forma is (in plain English) and how it helps you map break-even and profitability Key Quotes / Ideas "Don't buy a job—buy a system." "If you can't handle 18 months without income, don't pretend you're ready." "Keep interviewing operators until you hear the same truth over and over." Welcome: recession-resistant cash flow through service franchises. Greg's path: corporate → small business → franchising. Who this is for: career-changers, high achievers, and managers. Why service franchises are an overlooked asset class beyond fast food. The owner's role: you don't need to be the technician. "Don't buy a job—buy a system" and the delegation mindset. What "recession-resistant" actually means (essential services). Realistic time and effort expectations (semi-absentee ≠ no work). The 10-Operator Rule for due diligence. Red flags to watch for before buying. Capital runway and avoiding undercapitalization. Pro forma basics: costs, break-even, and timeline.   Episode Highlights 00:00:19 - Recession-resistant cash flow with franchising.   00:00:51 - The 10 operator rule for due diligence.   00:03:01 - Transition from corporate to entrepreneurship.   00:04:30 - Service businesses as overlooked asset classes.   00:06:49 - Essential services franchises.   00:10:10 - Systematizing for time and financial freedom.   00:13:37 - Recession-resistant business advantages.   00:14:09 - Realistic time and effort expectations.   00:14:47 - Importance of detailed financial forecasting.   00:18:00 - Necessity of liquidity and capital planning.   00:20:45 - The importance of building cash flow.   00:30:36 - Networking and due diligence in franchise investing.   00:32:20 - Franchise Maven's consulting process.   00:35:39 - Education and preparedness in franchising.   00:37:58 - Key factors for franchise success.   00:40:41 - Risk tolerance and strategic planning.   Episode Resources Business Owners: Assess Your Challenges with Cash Flow → https://curtis-73no5r8j.scoreapp.com Private Banking Readiness Assessment → https://curtis-qljorw8q.scoreapp.com How Ready Are You to Be Your Own Bank? → https://link.agent-crm.com/widget/quiz/XJwH7kM0wWxYB1KICcOW Title: Founder & CEO, Franchise Maven Email: greg@franchisemaven.com Phone: 361-772-6401 Website: franchisemaven.com   Keywords The Practical Wealth Show   recession resistant   cashflow   service business systems   franchising   Greg Moore   Franchise Maven   Forbes business council   Wall Street Journal bestselling author   high achievers   replace W-2 income   reliable cashflow   due diligence filters   10 operator rule   buying a franchise   restaurant industry   corporate world   master franchisor   franchise consultant   financial freedom   time freedom   recession resistant industries   essential services   HVAC   plumbing   electrical   senior care   restoration services   passive income   franchise disclosure document   service businesses   asset class   franchise royalties   franchise success rate   Greg Mays  

Welcome to another episode of Founders Club! On this episode we'll be talking to Flipping Boston Star Dave Seymour on How To Raise Money In Any Market.   Connect with Founders Club Host Oliver Graf on Instagram: @OliverGraf360     Do me a solid and…   Leave a 5 star review!   Find me on Instagram: @OliverGraf360   Founders Club TikTok: @FoundersClubPodcast   Subscribe to my YouTube channel: http://www.youtube.com/c/OliverGrafTV   Get on my VIP email list and get new episodes of Founders Club straight to you inbox: http://eepurl.com/g_L2Ev   Book me to speak: https://olivergraf.tv/speaking   Book a 1-on1 coaching session: https://calendly.com/olivergraf360/vip   ► JOIN OUR NATIONWIDE REAL ESTATE TEAM: https://www.100commissionrealestate.com  

As he nears the end of his first 100 days at Nintex, Burt Chao is doing something many new CFOs resist: listening more than talking. Understanding the business, its people, and its real growth potential comes before dashboards or directives, he tells us.Chao describes Nintex as a company with a “long and rich history” of helping organizations automate mission-critical work, but one now entering a new season. That evolution centers on orchestration—whether AI-enabled, agent-based, or rooted in RPA—while remaining clear-eyed about identity. Nintex, he explains, will not “become an AI company.” Instead, it aims to help customers leverage AI deliberately, embedding it where it strengthens the foundation of their operations, he tells us.That emphasis on fundamentals shows up quickly in how Chao evaluates performance. In today's environment, “there's no more important number than growth,” he tells us. Margins, profitability, and even rule-of-40 metrics only make sense once leadership understands what growth is possible and how it can be accelerated. Benchmarks matter, but only as tools; every business must be understood on its own terms, he tells us.That discipline has shaped some of the most challenging moments of his career. Chao recalls “shrink to grow” decisions—walking away from investments that still produced revenue but no longer delivered the best return. Those moments are rarely spreadsheet problems alone. They are emotional, cultural, and deeply human, requiring influence rather than authority, he tells us. For Chao, that balance—grounding strategy in numbers while leading people through change—defines the modern CFO role.

Seth Bradley interviews Bronson Hill, sharing how Bronson transitioned from a high-paying medical sales career into full-time capital raising and built a business that has raised nearly $60 million. Bronson explains why capital raising is fundamentally a sales and relationship-driven process, how authenticity and transparency have helped him retain investor trust through a difficult market cycle, and why cash flow has become more important than appreciation for many investors. He also breaks down the evolution from co-GP structures to fund-of-funds models, the importance of compliance and professionalism, and how systems, partnerships, and investor experience play a critical role in scaling a sustainable capital aggregation business. Bronson HillCurrent role: Founder & CEO, Bronson EquityBased in: Pasadena, CaliforniaSay hi to them at: Facebook: ⁠https://www.facebook.com/bronson.hill.37⁠ | LinkedIn: ⁠https://www.linkedin.com/in/bronsonhill equity/mycompany⁠ Youtube: ⁠https://www.youtube.com/channel/UCc1KYJL8ZjF3GC3Wh5lYNfg⁠ Instagram: ⁠https://www.instagram.com/bronsondavidhill⁠ Website: ⁠https://bronsonequity.com Visit ⁠www.tribevestisc.com⁠ for more info. Try QUO for free PLUS get 20% off your first 6 months when you go to quo.com/BESTEVER  Join us at Best Ever Conference 2026! Find more info at: https://www.besteverconference.com/  Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at⁠ ⁠⁠⁠www.bestevercommunity.com⁠⁠ Podcast production done by⁠ ⁠Outlier Audio⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Recorded live at the NTL Summit in Miami, this episode features Josh Hayyatt, President of Expert Institute, who shares a private-equity-informed perspective on where the legal industry is headed. Josh breaks down how capital, outsourcing non-core functions, and emerging AI tools are changing how law firms operate—allowing attorneys to focus more on strategy, clients, and case outcomes. A must-listen for managing partners thinking long-term about growth, profitability, and leverage.

In this episode, Carl pauses his planning series to explore the idea behind one of his favorite sketches from his new book: The Four Sources of Capital. Prompted by a thoughtful LinkedIn question, he unpacks why money, energy, time, and attention deserve to be treated as distinct—and why attention may be the most valuable of all. Using a simple skiing example, Carl shows how we can spend money, time, and energy without ever really being present, and how attention is what turns activity into meaning. At its core, this episode is a reflection on why attention is the true currency of meaningful experiences and lasting relationships.Want more from Carl? Get the shortest, most impactful weekly email on the web! Sign up for the Weekly Letter from Certified Financial Planner™ and New York Times columnist Carl Richards here: https://behaviorgap.com/ 

This week, we chat with Terri Burns! Terri is the founder of Type Capital, an early-stage venture firm focused on being the first check for ambitious founders at pre-seed and seed. Most recently, she was a partner at GV, where she made history as the firm's youngest partner and its first-ever Black female partner, with a focus on digital consumer and emerging technology.During her time at GV, Terri led and supported investments that went on to raise follow-on capital from top-tier firms and achieve meaningful exits, including the social app HAGS, which was acquired by Snapchat. She's also an active angel investor and cofounder of an angel collective that has backed companies like Clubhouse.Terri's impact extends well beyond investing. She's a Forbes 30 Under 30 awardee for Venture Capital, a three-time co-chair of Fortune Magazine's Brainstorm Tech Conference, and a frequent speaker at institutions like Stanford GSB and Harvard Business School. Her work has been featured in publications including Vogue, Fortune, and TechCrunch.Before venture, Terri began her career as an associate product manager at Twitter, studied computer science at NYU, and today serves on NYU's Board of Trustees.✨ This episode is presented by Brex.Brex: brex.com/trailblazerspodThis episode is supported by RocketReach, Gusto, OpenPhone & Athena.RocketReach: rocketreach.co/trailblazersGusto: gusto.com/trailblazersQuo: Quo.com/trailblazersAthena: athenago.me/Erica-WengerFollow Us!Terri Burns: @tcburning @thetrailblazerspod: Instagram, YouTube, TikTokErica Wenger: @erica_wenger

In this episode of The Distribution, Brandon Sedloff sits down with Lara Banks to explore her investing career and her long tenure at Makena Capital. Lara shares how her early background in energy, quantitative trading, and project finance shaped her perspective as an allocator, and how her role evolved as Makena expanded its private equity and venture platform. The conversation dives into Makena's origins, its approach to serving endowments, foundations, and families, and how the firm balances innovation, customization, and disciplined portfolio construction in private markets. Together, they also discuss how talent, alignment, and long-term thinking drive Makena's approach to manager selection and capital deployment across cycles. They discuss: Lara's career path from energy and quantitative trading to leading private equity and venture investing at Makena Makena Capital's evolution from a Stanford endowment model to evergreen private equity and venture vehicles The firm's focus on emerging managers, independent sponsors, and people-driven investing How Makena manages liquidity, pacing, and secondaries within evergreen private market portfolios Current themes in private equity and venture, including AI, energy infrastructure, and biotech inflection points Links: Lara on LinkedIn - https://www.linkedin.com/in/lara-banks-4216a69/ Makena Capital - https://www.makenacap.com/ Brandon on LinkedIn - ⁠https://www.linkedin.com/in/bsedloff/⁠ Juniper Square - ⁠https://www.junipersquare.com/⁠ Topics: (00:00:00) - Intro (00:02:21) - Lara's career journey (00:08:06) - Leadership evolution at Makena Capital (00:12:34) - Makena Capital's structure and customization (00:17:48) - Role of an OCIO and client interaction (00:20:39) - Focus on emerging managers and investment strategies (00:27:49) - Private equity and venture capital insights (00:34:51) - Managing liquidity in private markets (00:40:37) - Trends and opportunities in venture capital (00:47:06) - Conclusion and final thoughts

Rapper AKG DAN out of Birmingham Alabama, stops by The Hussle Report to tell us about what he's been up, talks about rebranding, and being more vulnerable in his art. available on youtube: www.youtube.com/@hussleporter

PREVIEW FOR LATER TODAY Guest: Fraser Howie. Howe argues Xi Jinping's push for the renminbi as a global reserve currency will fail unless China abandons strict capital controls preventing capital flight.1793 tradesman

In this REI Only episode of The FasterFreedom Show, Sam breaks down the exact four-pillar pitch he uses to get real estate deals funded. He explains what these capital partners actually are (and what they are not), why they've become a crucial part of real estate investing today, and how the right structure and messaging can completely change the outcome of a conversation. Sam also shares real scripts, language, and actions he's used on his own deals to build trust, add protections, and ease concerns before asking for capital.Whether you're raising money for your first deal or refining how you present opportunities, this episode gives you a clear, repeatable framework to communicate confidence, reduce risk, and close deals the right way.FasterFreedom Capital Connection: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://fasterfreedomcapital.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Free Rental Investment Training: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://freerentalwebinar.com⁠⁠⁠⁠⁠⁠⁠⁠

email chris@drchrisloomdphd.com with "Podcast freebie" to book a coveted FREE guest spot on the show. To book a PREMIUM spot on the Podcast: ⁠⁠https://www.drchrisloomdphd.com/_paylink/AZpgR_7f⁠⁠Book a 1-on-1 coaching call: ⁠⁠https://www.drchrisloomdphd.com/booking-calendar/introductory-session⁠⁠ Become a member of our Podcast community: ⁠⁠https://www.drchrisloomdphd.com/membership⁠⁠Subscribe to our email list: ⁠⁠⁠https://financial-freedom-podcast-with-dr-loo.kit.com/⁠⁠⁠Click here to join PodMatch (the "AirBNB" of Podcasting): ⁠⁠https://www.joinpodmatch.com/drchrisloomdphd⁠⁠Click here to purchase my books on Amazon: ⁠⁠https://amzn.to/2PaQn4p⁠⁠Click here to purchase my audiobooks, visit: ⁠⁠https://www.audible.com/author/Christopher-H-Loo-MD-PhD/B07WFKBG1F⁠⁠To help support the show:CashApp- ⁠⁠https://cash.app/$drchrisloomdphd⁠⁠Venmo- ⁠⁠https://account.venmo.com/u/Chris-Loo-4⁠⁠Buy Me a Coffee- ⁠⁠https://www.buymeacoffee.com/chrisJx⁠⁠Disclaimer: Not advice. Educational purposes only. Not an endorsement for or against. Results not vetted. Views of the guests do not represent those of the host or show.  Follow our YouTube channel: https://www.youtube.com/chL1357Follow us on Twitter: https://www.twitter.com/drchrisloomdphdFollow us on Instagram: https://www.instagram.com/thereal_drchrislooFollow the podcast on Spotify: https://open.spotify.com/show/3NkM6US7cjsiAYTBjWGdx6?si=1da9d0a17be14d18Subscribe to our email list: https://financial-freedom-podcast-with-dr-loo.kit.com/

In this episode of the Capital Raiser Show, Richard C. Wilson interviews John Lettera, co-founder of Fairbridge Asset Management, a real estate debt platform backed by institutional investors like Oaktree Capital. With 30+ years of experience, John shares his no-nonsense approach to real estate, how military discipline shaped his investing style, and how authenticity and downside risk focus helped him scale from $100K Bronx deals to managing $1B+ nationally. Topics covered include: What institutional investors really look for Why walking every property matters more than AI Mistakes investors make with equity offers The power of saying no and staying in your lane Deal flow as your best capital-raising strategy

After 335 episodes in the dark, the curtain is officially lifted. Welcome to the first-ever video broadcast of I Like Beer (now officially rebranding to "ILB"). To mark this milestone, we've orchestrated the "Ultimate Collaboration" with the San Diego Brewers Guild's official podcast, Capital of Craft. Joining hosts Jeff and Jeff is a third Jeff: Jeff Fox—a man who defines the San Diego scene through his roles as a Vista City Council member (District 2), founder of StarFox Media, and lead strategist at Beer Media Co.   This episode explores the intersection of consumer fandom and industry authority. Jeff Fox recounts his evolution from a macro-drinker who found IPAs to be a "bitter acquired taste" to a true industry appreciator. The turning point? A "yeast-driven epiphany" at White Labs, where he experienced a single beer recipe fermented with four different yeast strains—a moment that revealed the true artistry and craftsmanship behind the pour.   We also dive into the "lore" of ILB. Before the microphones, there were the "Beer-cations." We share the story of our legendary Spring Break van trip to Russian River and Sierra Nevada, a journey that saw us hit 17 breweries before a last-minute text about the grand opening of Burgeon Beer Co. in Carlsbad pushed the tally to a perfect 20. This is the story of how three Jeffs are moving the conversation from a "front row seat" for fans to a "backstage pass" for the entire industry.   Watch the premier at 5:00pm tonight (February 2nd, 2026) HERE!  

In Episode 122, Jerry is joined by Dr. Allen Mendenhall, Senior Advisor for the Free Enterprise Initiative at the Heritage Foundation. Dr. Mendenhall previously worked as a lawyer and served as the Associate Dean of the Sorrell College of Business. Join us for a fascinating discussion on: What Ayn Rand-style libertarianism gets wrong about capitalism How ESG activism inherently hinders the knowledge necessary for free enterprise How conservative and red-state-centric brands go woke, and what to do about it The Heritage Foundation’s goals for its Free Enterprise Initiative (previously the Capital Markets Initiative) Learn more about The Heritage Foundation’s Free Enterprise Initiative here.See omnystudio.com/listener for privacy information.

In this episode, Duane Mancini sits down with Stan Glezer, Managing Director at Outcome Capital, to dive deep into the roles of strategic advisory and investment banking in driving innovation within the life sciences sector. Stan elaborates on his multifaceted career, from his beginnings as a physician to leading roles in biopharma and MedTech companies. He discusses the importance of aligning a company's value proposition with market dynamics, the art and science behind M&A deals, and why realistic, transparent goals can unlock transactional success. Stan Glezer LinkedInOutcome Capital WebsiteDuane Mancini LinkedInProject Medtech WebsiteProject Medtech LinkedInThank you to our sponsors: Ward Law and JumpStart Inc.

Sean McMeekin introduces Stalin as a bandit and intellectual who adopted Lenin's theory of revolutionary defeatism, explaining how Stalin built Soviet industry by exploiting Western technology and capital during the Depression, often funding this through looted artwork and espionage.1881 GANGING THE STUDENT REVOLUTIONARIES

Seth Levine talks about his book "Capital Evolution - The New American Economy."  We examine how capitalism must adapt to address inequality, trust, and long-term value creation. Seth is a co-founder and Managing Director of Foundry, a venture capital firm focused on building enduring technology companies. Host, Kevin Craine Do you want to be a guest? https://Everyday-MBA.com/guest Do you want to advertise on the show? https://Everyday-MBA.com/advertise

Following the fatal shooting of 37-year-old Alex Pretti by federal immigration agents in Minneapolis last Saturday, Democrats have taken a stand against the Trump administration's immigration policy. While the Senate did reach a short-term deal to fund the Department of Homeland Security, because the House is out of session, a partial government shutdown could still begin on Saturday. USA TODAY Congressional Reporter Zach Schermele joins The Excerpt from the Capital with the latest.Let us know what you think of this episode by sending an email to podcasts@usatoday.com. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What hotel owners and investors are doing matters more than what gets said on stage. In this episode of No Vacancy, Glenn Haussman connects with Bruce Ford, SVP at Lodging Econometrics, as he reports from ALIS in Los Angeles. Bruce shares what he's seeing in the data and hearing in off-the-record conversations. The discussion focuses on how owners weigh new development versus conversions, how capital continues to move, and what influences decision-making as the industry looks toward 2026. Topics include: • How owners compare new development, conversions, and recapitalization • Where cost pressure continues to affect returns • How AI conversations sound more practical than speculative • Why certain asset types keep attracting investment • How labor and operating costs affect large hotels • Why portfolio reshaping and consolidation remain on the table Sponsored by Unifocus — technology that drives value. Learn more at Unifocus.com.

Guess what… The Chris Moyles Show podcast is back - and somehow, it's even sillier than ever! Palladium fever is VERY much in the air, we receive a letter from THE Alison of The Beautiful South (yes, who knew she was a Chris Moyles Show listener), and the long-awaited, much-discussed, slightly over-hyped WhatsApp Jingle FINALLY makes its grand debut. Dreams really do come true!Comedy legend and friend of the show, John Bishop joins the gang to chat about his brand-new feature film Is This Thing On? , which includes celebrity royalty... Bradley Cooper's dogs! And Chris obviously brings out his un-believable John Bishop impression (but we can't say John was best pleased about that…)Andi Peters joined us to play a quick game of 'Guess Where I Am In The World', but really, it was just an excuse to show off his sunny location and make us (and the listeners) painfully jealous. At least we've got our brand new Whatsapp jingle though!Meanwhile, we can see our pals over at Capital again, which naturally results in Chris snooping around the renovations and trying to challenge them to a football match. Reverse Words makes a triumphant return, and Chris Moyles Show history is made with what might be the longest feature ever from our new Executive Producer Aaron, he came up with a kazoo based game for us to play!And obviously, that's not it… Hott Property UpdateChris and Dom's friendship with Nothing But ThievesMore Stupid Amnesty!Enjoy!The Chris Moyles Show on Radio X!Weekdays 6:30am - 10am

In this invited lecture at Marist College, hosted by the Catholic Studies Program as part of their Marcelin Lecture Series, I narrate some of the key points and developments in the story of how we ended up with the current list of the Seven Deadly Sins, which are: Gluttony, Lust, Greed, Sloth, Wrath, Envy, and Pride. Originally, these start out as the Eight Capital Vices, a list which includes sadness, acedia, and vainglory, and which does not include envy. So, how did we end up with the list we know today? The story involves Christian monks in the Egyptian desert, Benedictine monks, a reluctant pope, poets, scholastic professors, confessors, and mystics, and ranges over a millennium of thinkers and texts. In the process, I discuss some of the key players: Evagrius Ponticus, John Cassian, Gregory I, Alcuin, Peter Lombard, Thomas Aquinas, and Dante Alighieri This portion of the talk discusses the treatments of the seven deadly sins by poets ranging from Prudentius to Chaucer and Dante, and by mystics like St. John of the Cross. We also conclude by examining a few additional topics raised by questions from the audience. To support my ongoing work, go to my Patreon site - www.patreon.com/sadler If you'd like to make a direct contribution, you can do so here - www.paypal.me/ReasonIO - or at BuyMeACoffee - www.buymeacoffee.com/A4quYdWoM You can find over 3500 philosophy videos in my main YouTube channel - www.youtube.com/user/gbisadler

We are living through a historic turning point. I sit down with generational historian and economist Neil Howe, co-author of The Fourth Turning, to unpack what's actually happening beneath the surface of today's economic, political, and cultural instability. Rather than forecasting fear, Neil provides context—explaining why long periods of stability breed complacency, why trust in institutions breaks down, and why agency and community suddenly matter again during crisis eras. From inflation as a policy tool to the return of community, authority, and shared purpose, this conversation challenges listeners to stop outsourcing responsibility and start preparing intentionally. If you like this episode, here are more episodes we think you'll enjoy: Ep #572 - An Argument For DSOs – Compliance, Consolidation & the Future of Dental Practice – Brian Colao Ep #567 - Rewriting The American Dream in a Stagflation World – Dr. David Phelps Check out the show notes for more information! 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're tired of running on the hamster wheel, and are looking for a proven blueprint to create more freedom and reduce dependency on your practice income, schedule a call with my team to learn more. 2. Get Your Dentist Retirement Survival Guide: The winds of economic change are here, and now is the time to move to higher ground. This guide gives you the steps to protect your retirement, your family, and your peace of mind. Get the 25-point checklist 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.

Pascal Wagner interviews Jon Brooks, who breaks down why today's real estate market is sending mixed signals—and why getting that interpretation wrong can have real financial consequences. Jon explains how decades of falling interest rates created a powerful tailwind for real estate that no longer exists, especially in overbuilt Sunbelt markets like Florida. The conversation explores what's actually breaking versus what's simply slowing down, including rising insurance and tax costs, declining affordability, demographic headwinds, and stalled migration. Jon also shares why he sold his entire personal real estate portfolio, pivoted into private lending, and ultimately shifted capital into equities as risk-return dynamics changed. This matters because many investors are still relying on outdated assumptions about appreciation, cash flow, and long-term demand. Understanding how interest rates, demographics, and market psychology intersect helps investors reassess where risk is no longer being adequately compensated—and how to position capital without relying on the market to “save” them. Jon BrooksCurrent role: Co-Founder, Momentum Realty; Private Lending Fund ManagerBased in: FloridaSay hi to them at: X - https://x.com/jonbrooks YouTube - https://www.youtube.com/@therealjonbrooks Threads - https://www.threads.com/@iamjonbrooks Instagram - instagram.com/iamjonbrooks/?hl=en Facebook - https://www.facebook.com/jon.brooks.12 Substack - jonbrooks.substack.com Visit ⁠www.tribevestisc.com⁠ for more info. Try QUO for free PLUS get 20% off your first 6 months when you go to quo.com/BESTEVER  Join us at Best Ever Conference 2026! Find more info at: https://www.besteverconference.com/  Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at⁠ ⁠⁠⁠www.bestevercommunity.com⁠⁠ Podcast production done by⁠ ⁠Outlier Audio⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Equal-weighted index funds sound like an elegant solution to some of today's biggest investor anxieties: high market concentration, elevated valuations, and outsized influence from a handful of mega-cap stocks. In this episode of the Rational Reminder Podcast, Ben Felix, Dan Bortolotti, and Ben Wilson take a deep, evidence-based look at whether equal weighting actually improves portfolios—or simply introduces new risks under a different name. The discussion breaks down how equal-weighted indices differ fundamentally from traditional market-cap-weighted indexes, why equal weighting has historically outperformed in certain periods, and what's really driving those results beneath the surface. The team explains how equal weighting tilts portfolios toward smaller, cheaper, and more volatile stocks, while also systematically trading against momentum due to frequent rebalancing. Key Points From This Episode:   (0:01:10) Introduction to Episode 394 and discussion about declining enthusiasm over long podcast runs. (0:02:00) PWL Capital's growing work with institutional clients and why index-based approaches are rare in that space. (0:05:12) Episode topic introduced: equal-weighted index funds and why listeners keep asking about them. (0:06:00) Definition of market-cap-weighted vs. equal-weighted indexes using the S&P 500 as the main example. (0:07:14) Historical outperformance of equal-weighted S&P 500 indexes and why start dates matter. (0:09:00) Equal weight vs. cap weight performance over the last decade: meaningful recent underperformance. (0:10:21) Market concentration concerns and why equal weighting appears attractive during periods of high valuations. (0:12:00) Why market-cap-weighted indexes do not mechanically buy more overvalued stocks as prices rise. (0:16:14) Trading costs explained: explicit vs. implicit costs and why turnover matters more than TER. (0:19:16) Capital gains, tax efficiency, and reporting differences between Canadian and U.S. funds. (0:21:07) Market concentration historically shows little relationship with future returns. (0:24:58) Volatility comparison: equal-weighted indexes are meaningfully more volatile due to small-cap exposure. (0:25:12) Equal weighting increases exposure to small-cap, value, and high-volatility stocks. (0:28:58) Sector distortions created by equal weighting and why this represents uncompensated risk. (0:31:21) Unintended consequences: sector bets, security-level overweights, and forced rebalancing. (0:32:30) Turnover is roughly 10× higher in equal-weighted funds than cap-weighted equivalents. (0:33:15) Equal weighting behaves as a systematic anti-momentum strategy. (0:34:02) Multi-factor regression results: positive size and value exposure, negative momentum loading. (0:36:33) Rebalancing frequency trade-offs and how quarterly rebalancing amplifies momentum drag. (0:42:21) Comparison with alternative approaches that target similar factor exposures more efficiently. (0:44:47) Why backtests are seductive—and why live fund results matter more. (0:47:40) Investor behavior, uncertainty, and the constant search for strategies that "fix" the market. (0:48:41) Factor investing in disguise: most deviations from cap-weighting are just factor tilts. (0:53:06) Equal weighting as an acceptable strategy—if investors understand and accept the trade-offs. (0:57:18) Listener feedback, enthusiasm jokes, and discussion about Spotify video uploads and audio speed. Links From Today's Episode: Meet with PWL Capital: https://calendly.com/d/3vm-t2j-h3p Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on YouTube — https://www.youtube.com/channel/ Benjamin Felix — https://pwlcapital.com/our-team/ Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Dan Bortolotti — https://pwlcapital.com/our-team/ Dan Bortolotti on LinkedIn — https://ca.linkedin.com/in/dan-bortolotti-8a482310 Ben Wilson on LinkedIn — https://www.linkedin.com/in/ben-wilson/ Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com)

What does it really take to lead a values-driven nonprofit at scale—without losing your mission, your independence, or your sanity? In this episode, I sit down with Elyse Cherry, CEO of BlueHub Capital, to talk about long-term leadership, mission discipline, community-centered finance, and how great leaders keep asking better questions as their organizations grow. Episode Highlights 02:21 – How global travel shaped Elyse's leadership worldview 07:58 – Staying true to mission and values over decades 14:15 – Navigating financial partnerships without losing independence 19:49 – What systems change really looks like in practice 31:15 – Why nonprofit leaders must "look around the corner." My guest for this episode is Elyse Cherry. Elyse Cherry is the CEO of BlueHub Capital, where she has led the organization since 1997. Under her leadership, BlueHub has invested more than $3.2 billion to support affordable housing, health centers, schools, clean energy, foreclosure prevention, and community wealth-building initiatives nationwide. She is also President of Managed Assets at Boston Community Venture Fund, Aura Mortgage Advisors, and NSP Residential. A former partner at WilmerHale, Elyse is an attorney with deep experience in real estate finance and community development. She is an active civic leader, serving on the boards of Wellesley College, Eastern Bank, and The Boston Foundation, and has been widely recognized for her leadership, including honors from the White House, the Boston Business Journal, and the Financial Times. Connect with Elyse: Website: https://bluehubcapital.org/ LinkedIn: https://www.linkedin.com/company/bluehubcapital Instagram: https://www.instagram.com/bluehubcapital/ X: https://twitter.com/BlueHubCapital Sponsored Resource Join the Inspired Nonprofit Leadership Newsletter for weekly tips and inspiration for leading your nonprofit! Access it here >> Be sure to subscribe to Inspired Nonprofit Leadership so that you don't miss a single episode, and while you're at it, won't you take a moment to write a short review and rate our show? It would be greatly appreciated! Let us know the topics or questions you would like to hear about in a future episode. You can do that and follow us on LinkedIn.

Get The Paid Offer Playbook here:https://the505podcast.courses/paidofferplaybookCollab with Artlist and get 2 extra months for free here:https://artlist.io/artlist-70446?artlist_aid=the505podcast_2970&utm_source=affiliate_p&utm_medium=the505podcast_2970&utm_campaign=the505podcast_2970What's up Rock Nation! Today we're joined by Marcus, founder of Minted New York, a brand that went from side project to full-blown fashion business built entirely in public. Zero investors, no shortcuts. Just documenting the journey and betting on himself before he felt ready. Marcus has built his brand on one core principle: respect for the time and effort people put into earning the money they spend on your product.In this episode, we break down why documenting beats perfection, why entrepreneurship is never easy even when you're winning, how integrity builds a brand people actually care about, and what it takes to build something real without waiting for permission. Let's get into it.Check out Marcus here:https://www.youtube.com/ ⁨@marcusmilione1⁩  https://www.instagram.com/marcusmilione/SUSCRIBE TO OUR NEWSLETTER: https://the505podcast.ac-page.com/rock-reportKostas' Lightroom Presetshttps://www.kostasgarcia.com/store-1/p/kglightroompresetsgreeceCOP THE BFIGGY "ESSENTIALS" SFX PACK HERE: https://courses.the505podcast.com/BFIGGYSFXPACKTimestamps: 0:00 – Intro1:12 – Paid Offer Playbook1:26 – Getting started before the money makes sense3:13 – Early belief vs external validation5:26 – Running a brand with no safety net7:48 – Cash flow stress and staying in the game10:43 – Bootstrapping realities and investor pressure14:01 – Artlist15:10 – Content as leverage not just creativity16:49 – Talking to camera vs polished production20:30 – Finding formats that don't burn you out23:35 – Consistency beats novelty25:20 – When content finally compounds27:17 – Endurance over overnight success28:21 – Running as a metaphor for business30:53 – Long timelines nobody talks about32:02 – Training patience and discipline34:50 – Reflecting on growth without losing momentum36:41 – Luck vs work and acknowledging both39:51 – Increasing surface area for luck42:13 – Posting volume and probability44:55 – Creating opportunities before they appear46:32 – Saucony Collab49:38 – Brand alignment over quick wins52:32 – Saying no to the wrong partnerships53:22 – Capital isn't evil but terms matter56:55 – Why bad money kills good businesses58:32 – Credit cards cash flow traps1:01:09 – Paying everything off and staying liquid1:04:29 – Negotiating manufacturer terms1:06:22 – Relationships as leverage1:07:38 – Stress nobody sees1:09:10 – Running accounts down to survive1:14:04 – Why most people quit too early1:18:26 – Momentum comes after commitment1:20:17 – Playing the long game on purpose1:21:55 – Building something you can live with1:29:29 – Looking back at what's been built1:33:53 – The After PartyIf you liked this episode please send it to a friend and take a screenshot for your story! And as always, we'd love to hear from you guys on what you'd like to hear us talk about or potential guests we should have on. DM US ON IG: (Our DM's are always open!) Bfiggy: https://www.instagram.com/bfiggy/ Kostas: https://www.instagram.com/kostasg95/ TikTok:Bfiggy: https://www.tiktok.com/bfiggy/ Kostas: https://www.tiktok.com/kostasgarcia/

In this episode of Excess Returns, we're joined again by Dan Rasmussen of Verdad Advisors for a wide-ranging conversation that challenges some of the most popular narratives in markets today. From private equity and private credit risks to AI-driven capital cycles and overlooked opportunities in biotech and international equities, Dan offers a deeply research-driven perspective on where investors may be misallocating capital and where future returns could emerge. Alongside Justin and special guest co-host Kai Wu, the discussion connects valuation, incentives, and innovation in a market environment shaped by concentration, leverage, and technological change.Main topics covered• Why private equity performance continues to disappoint and where the biggest structural risks are emerging• The growing stress in private credit and what rising bankruptcies signal for lower middle-market deals• Why democratizing private equity through 401ks, interval funds, and ETFs may create more problems than solutions• How AI CapEx is changing the economics of Big Tech and why asset-light models may be getting worse, not better• The case for diversifying away from U.S. concentration toward international markets and international small value• Why bubbles are often necessary for innovation and how to think about AI through that historical lens• How investors may be underestimating valuation and growth bankruptcy risk in the Mag 7• Why biotech is one of the hardest sectors to model and how Verdad rebuilt its framework from scratch• How intangible value, clinical trial data, specialist ownership, and peer momentum can improve biotech investing• What capital starvation, M&A dynamics, and global competition mean for biotech's future returnsTimestamps00:00 Introduction and market narratives02:20 Revisiting private equity risks and performance06:58 Private credit stress and bankruptcy signals10:58 Private equity in 401ks and interval fund risks14:52 Private assets in ETFs and liquidity concerns15:45 Why bubbles drive innovation and capital formation20:13 AI CapEx, Mag 7 concentration, and valuation risk25:24 International diversification and market leadership29:41 Why Verdad turned to biotech research37:13 Rebuilding biotech valuation and quality metrics44:26 Clinical trial data and peer momentum insights49:17 Portfolio construction and long-short biotech strategies51:00 Capital starvation, AI, and biotech's setup53:58 Research culture, humility, and evolving quant models

In this episode, we examine how billionaires and corporations threatening capital strikes and capital flight to discipline populist politicians and movements is treated as normal, obvious, and healthy by US media.

Today I sit down with two of my best friends, Moses Kagan and Rhett Bennett to reflect on how ReSeed has evolved since their first appearance (ep. 278) on the show three years ago.   ReSeed is on a mission to back the next generation of elite real estate operators. We unpacked what has actually happened since launch, how their original vision has held up in practice, and what they have learned by deploying real capital across multiple markets and operators.  We also dug into how they think about underwriting, operator selection, asset management intensity, and navigating a shifting multifamily landscape. It was a candid look at what it really takes to build a disciplined, long term real estate platform in today's market. We discuss: • How ReSeed's original thesis has played out after deploying over $100M across multiple operators • What they look for in emerging operators and how the cohort selection process has evolved • Why discipline and patience mattered during a slow deal environment and when opportunities finally opened up • How they approach underwriting, leverage, and long-duration capital in different markets • The realities of asset management, property management, and execution risk at smaller deal sizes This episode is for investors, operators, and anyone interested in building durable real estate businesses with long term alignment and disciplined capital deployment. Topics: (00:00:00) - Intro(00:04:01) - ReSeed's journey and evolution(00:17:14) - Profile and selection of operators(00:25:10) - Partnership and capital structure(00:37:39) - Due diligence and deal approval process(00:40:51) - Cohort integration and support(00:42:55) - Real estate market overview(00:43:22) - Market opportunities and challenges(00:50:41) - Market fatigue and seller dynamics(00:51:20) - Operational challenges and opportunities(01:01:50) - Property management and asset management(01:11:36) - Construction management and budgeting(01:15:06) - Capital allocation(01:23:34) - Closing remarks Support our Sponsors Ramp: https://ramp.com/powers Collateral Partners: https://collateral.com/fort Chris on Social Media: Chris on X: https://x.com/fortworthchris Instagram: https://www.instagram.com/thefortpodcast LinkedIn: https://bit.ly/45gIkFd Watch POWERS on YouTube: https://bit.ly/3oynxNX Visit our website: https://www.powerspod.com/ Leave a review on Apple: https://bit.ly/45crFD0 Leave a review on Spotify: https://bit.ly/3Krl9jO  POWERS is produced by https://www.johnnypodcasts.com/

Don and Tom kick off the show with weekend banter and nostalgia about checkbooks before diving into why buying and selling a home remains one of life's biggest—and most misunderstood—financial decisions. Using a Wall Street Journal quiz, they explore smart pricing, commission negotiations, low-cost home improvements, inspections, seasonal pricing patterns, and even haunted-house disclosures. Along the way, callers ask about life insurance planning, tax-managed accounts, umbrella insurance, and retirement income strategy. The episode emphasizes realistic expectations, low-cost investing, diversification, and avoiding unnecessary fees, while reminding listeners that simple, disciplined decisions usually beat flashy financial “solutions.” 0:04 Weekend open, call-in invite, “no annuity” guarantee, check-writing nostalgia 1:24 Don discovers last checks were written in 2019–2021 2:45 Home buying/selling as life's biggest transaction 3:20 Overpricing your house and “it's worth what someone pays” 4:24 WSJ real estate quiz: pricing strategy in slow markets 6:14 Break, banter, and commission quiz setup 7:04 Real estate commissions are negotiable 8:10 Selling by owner and staging realities 9:14 Caller Dustin: debt-free at 27, life insurance, DIY vs advisors 12:41 Planning for life insurance proceeds and beneficiaries 14:06 Zillow estimates and home values 14:43 Caller Joey: SMAs and tax-loss strategies 17:31 Capital gains, housing exemptions, and SMA practicality 19:16 Caller Beth: umbrella insurance for homeowners 22:02 Caller Ron: retirement income, stable value funds, RMDs 25:06 Diversification beyond the S&P 500 26:50 Returning to WSJ real estate quiz 27:43 Best ROI upgrades: paint and curb appeal 28:23 Pre-listing inspections 29:44 When home prices peak (June) 31:09 Haunted houses and disclosure laws 33:43 Listener portfolio: AVGE, AVGV, bonds Learn more about your ad choices. Visit megaphone.fm/adchoices

Brad and Jonathan continue unpacking *incremental gains* — the small, tactical decisions that compound into financial independence. This conversation moves quickly through **core FI math, expense optimization, retirement accounts, and tax strategy**, showing how flexibility, optionality, and understanding the rules of the game can radically change your long-term outcomes.   Retirement Accounts: The Rules That Matter 401(k): Always Take the Match Employer match = free money Declining it = turning down part of your salary Pre-Tax Accounts Are Often Better for FI Account Benefit Traditional 401(k) Lowers taxable income today Traditional IRA Tax deduction now 457(b) Penalty-free access after separation

Richard McGirr interviews Mike Zlotnik, announcing a strategic shift toward more solo, educational monologue episodes while remaining highly selective about guest interviews. Richard explains why his deep-dive capital raising content has resonated with listeners and how it's sharpened his own thinking as a fund manager and marketer. He then introduces Mike Zlotnik as a long-time fund-of-funds investor and capital partner who has been active since 2009. The conversation reframes the value of fund-of-funds investing, moving beyond improved economics to focus on control rights, deal intervention, and protecting LPs when investments go sideways. This episode dives into advanced, 201–301 level insights on how experienced capital partners can materially improve outcomes for investors. Mike ZlotnikCurrent role: Fund-of-Funds Investor / Capital PartnerBased in: New York, New YorkSay hi to them at: https://www.linkedin.com/in/mzlotnik/ | https://www.facebook.com/TFmanagementgroup | https://www.youtube.com/@TempoFunding | BigMikeFund.com | tempofunding.com  Visit ⁠www.tribevestisc.com⁠ for more info. Try QUO for free PLUS get 20% off your first 6 months when you go to quo.com/BESTEVER  Join us at Best Ever Conference 2026! Find more info at: https://www.besteverconference.com/  Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at⁠ ⁠⁠⁠www.bestevercommunity.com⁠⁠ Podcast production done by⁠ ⁠Outlier Audio⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Entrepreneurship often promises freedom, but for many high performers, success can come at the cost of time, health, and relationships. After years in private equity, Sahil Bloom realized that money alone doesn't guarantee fulfillment, freedom, or a meaningful life. That realization deepened when he learned he might only see his parents 15 more times before they passed if he stayed on his current path. Within 45 days, he left his job, sold his house, and rebuilt his life around what mattered most. In this episode, now on Spotify Video, Sahil breaks down the five types of wealth entrepreneurs need to acquire to win in both business and life. In this episode, Hala and Sahil will discuss: (00:00) Introduction (02:01) Life Razor: How to Decide What Matters (06:34) Breaking Free from Limiting Beliefs (08:22) The Turning Point That Changed Sahil's Priorities (18:24) Protecting Your Energy as an Entrepreneur (22:20) Starting Entrepreneurship Without a Plan (27:47) Time Management Tips for Entrepreneurs (31:23) Understanding the Five Types of Wealth (46:41) The Brain Trust Approach to Mentorship (49:43) Building Wealth Through Business Ownership (01:00:30) Balancing Wealth, Health, and Life (01:03:11) Sahil's Daily Routine for Success Sahil Bloom is an entrepreneur, investor, and writer best known for his newsletter, The Curiosity Chronicle, which reaches over 800,000 readers worldwide. He is the founder of SRB Holdings, a holding company that builds and invests in media and operating businesses. A New York Times bestselling author of The 5 Types of Wealth, Sahil focuses on helping entrepreneurs redefine success beyond money. Sponsored By: Indeed - Get a $75 sponsored job credit to boost your job's visibility at Indeed.com/PROFITING  Shopify - Start your $1/month trial at Shopify.com/profiting.  Spectrum Business - Visit Spectrum.com/FreeForLife to learn how you can get Business Internet Free Forever. Northwest Registered Agent - Build your brand in just 10 clicks and 10 minutes at northwestregisteredagent.com/paidyap Framer - Publish beautiful websites. Go to Framer.com/profiting and get 30% off their Framer Pro annual plan. Intuit QuickBooks - Take control of your cash flow at QuickBooks.com/money  Quo - Run your business communications for free plus get 20% off your first 6 months when you go to quo.com/profiting   Working Genius - Take the Working Genius assessment at workinggenius.com and get 20% off with code PROFITING Experian - Manage and cancel unwanted subscriptions and reduce your bills. Get started now with the Experian App and let your Big Financial Friend do the work for you. Huel - Get all your daily nutrients from Huel and get 15% OFF with code PROFITING at huel.com/PROFITING Resources Mentioned: Sahil's Book, The 5 Types of Wealth: bit.ly/5TypesWealth  Sahil's Newsletter, The Curiosity Chronicles: bit.ly/3EsRmH5  Sahil's Instagram: instagram.com/sahilbloom Sahil's LinkedIn: linkedin.com/in/sahilbloom  King of Capital by David Carey: bit.ly/KingCapital  One Up On Wall Street by Peter Lynch: bit.ly/UpWallStreet  Main Street Millionaire by Codie Sanchez: bit.ly/-MainStreet  Man's Search for Meaning by Viktor E. Frankl: bit.ly/S4Meaning  Active Deals - youngandprofiting.com/deals  Key YAP Links Reviews - ratethispodcast.com/yap YouTube - youtube.com/c/YoungandProfiting Newsletter - youngandprofiting.co/newsletter  LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ Social + Podcast Services: yapmedia.com Transcripts - youngandprofiting.com/episodes-new  Entrepreneurship, Entrepreneurship Podcast, Business, Business Podcast, Self Improvement, Self-Improvement, Personal Development, Starting a Business, Strategy, Investing, Sales, Selling, Productivity, Entrepreneurs, Marketing, Negotiation, Money, Finance, Side Hustle, Startup, Mental Health, Career, Leadership, Mindset, Health, Growth Mindset, Passive Income, Online Business, Solopreneur,