Podcasts about Compound interest

Keith reviews the state of the real estate market, noting that existing home sales are down about 33% from their 2021 peak, while prices remain firm due to low supply and high demand.  Affordability challenges are driven by stagnant wages, inflation, and higher mortgage rates, with 70% of mortgage holders still locked in at rates below 5%.  He observes that in certain markets, new construction may now offer better investor terms than comparable existing properties, especially where builders buy down rates.  The episode highlights a comparison of nearly a century of asset class returns, reporting real estate's long-term annual appreciation at approximately 4.7%. Episode Page: GetRichEducation.com/583 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 or text 'GRE' to 66866 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, how do other audiences feel about the GRE mantras that we've come to love here, like financially free beats debt free and don't get your money to work for you? Then sometimes it's not what you're attracted to in life, but what you're running away from finally comparing the returns from six major asset classes over the past century all today on get rich education    Keith Weinhold  0:29   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   Corey Coates  1:18   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  1:34   Welcome to GRE from Kennebunkport, Maine to Bridgeport, Connecticut and across 188 nations worldwide. It is the voice of real estate investing since 2014 I'm Keith Weinhold, and I'm grateful to have you here with me, and we're doing something a little different today, as you'll soon listen in to me as I was on the hot seat being interviewed on another prominent real estate show. But first, when you pull back and ask yourself, why you're really an investor in the first place? There are so many reasons. Maybe you just want a few properties in order to supplement your day job income. Maybe you want to have more than a few so that you can completely replace that active income, or perhaps rather than going the route of building up your cash flow, which is valid, but some think that it's the only way to real estate financial freedom. Instead, you could own, say, nine doors or 22 doors, and even if they all had zero cash flow, you can just keep borrowing against that leverage and equity tax free and live off of that whatever you do when it comes to your day job, income, your degree of disdain for your nine to five job that is going to be greater or less than it is for some others. So your motivation for self improvement, it isn't always about what you're running to in life, which could be real estate investing, but it's also what you're running away from, especially if you don't get a deeply rooted sense of meaning from your job. So you could have both a push factor and a pull factor in what motivates you. There's a scene from the 1999 movie Office Space that just does this incredibly unvarnished job of saying out loud how so many of us feel today. What I'm going to share with you, I mean, you know that you have felt this at least once in your life. Office space wasn't supposed to be a mega hit movie, but it kind of was, because it's so relatable. Let's listen in to part of this clip. This is Ron Livingston playing a disgruntled male employee talking to Jennifer Aniston at a restaurant about his job in the movie Office Space.   Speaker 1  4:09   I don't like my job, and I don't think I'm gonna go anymore. You're just not gonna go. Yeah, won't you get fired? I don't know, but I really don't like it, and I'm not gonna go.   Keith Weinhold  4:24   Then it continues when she asks. So you're just gonna quit? No, not really. I'm just gonna stop going. When did you decide all of that? About an hour ago? Really? Yeah, aren't you going to get another job? I don't think I'd like another job. What are you going to do about money in bills and all that? I've never really liked paying bills. I don't think I'm going to do that either.   Keith Weinhold  4:53   That's it. That is the end of that classic dialog from office space that we can. All relate to you did not wake up to be mediocre, but a lot of people's jobs pummel them into a rather prosaic state. You were born rich because you were born with this abundance of choices, this huge palette in menu, but society often stifles that and makes you forget it, and it gets really easy to just fall into your groove and stay there. The main reason we aren't living our dreams is really because we're living our fears. Failure doesn't actually destroy as many dreams as people think fear and doubt. Does fear and doubt destroy more dreams than failure ever does financial runway? That is a phrase for the amount of time that you can maintain your lifestyle without the need for a paycheck. And it's critical for you to lengthen this runway if you hope to retire early, and it will dramatically reduce your stress level. An example is say that you currently earn 150k per year after taxes, and you spend 126k of that, all right. Well, that means you've got a surplus of 24k a year. Well, it's going to take you a little over five years to accumulate that 126k that you need to annually support your lifestyle. That's what happens if you don't invest. And see investing helps you lengthen your financial runway, that amount of time you can maintain your lifestyle without the need for a paycheck. That's what we're talking about here. Last week I brought you the show from Caesar's Palace in the center of the Las Vegas Strip. So therefore, what I've done is I have gone from the ostentatious and flamboyant over here to the familial and simple as this week I'm in Buffalo New York, broadcasting from a somewhat makeshift GRE studio here, the Buffalo Bills had a home game yesterday, so the city and hotels are busier than usual. Next week, I will bring you the show from upstate Pennsylvania, as I'm traveling to see my family. Let's listen in to me on the hot seat. I was recently a guest on Kevin bups long running real estate investing show. You're going to get to see how I present information and GRE principles for the first time to a different audience. And as I do, you're going to hear me provide new material, but you'll also hear me say quite a few things that I have told you before, even then, the concepts might land differently when I'm explaining them to a new audience. The show is based in Florida, so We'll also touch on the real estate pain and opportunity there. After I'm interviewed, I'm going to come back and tell you about something fascinating. I'm going to compare the returns from six major asset classes over the past century, since 1930 anyway, and that's going to include the first time on the show where I'll tell you real estate's annual appreciation rate over the last entire century. Just about what do you think it is? 8% 5% 3% you're gonna have, perhaps the best answer you've ever had. Here we go.   Kevin Bupp  8:31   Now, guys, I want to welcome back a guest that we've had on. It's been a number of years now. Keith Weinhold, I went back to look at the last episode we had him on. I think it's been about four years. So, you know, four years ago, the world was in the very different state. It was a very different time. And so, you know, thankfully, we're out of the covid era and on to newer and greater things. So for those that don't know Keith, he's the founder of get rich education. He's the host of the popular get rich education podcast. He's a longtime thought leader in the real estate investing space, and like myself. Keith was also born and raised in Pennsylvania. For those that know don't know, I was born and raised in Harrisburg, Pennsylvania, Keith, I believe, a couple hours away from where I was. But Keith has very much a unique perspective on wealth, building debt, and really the housing market as a whole. And today, you know, we'll be diving into everything you know, from why the property itself? This is something that Keith kind of coins, why the property itself is less important than you think, to how the housing crash has already happened in a way that most people don't even realize, to the role inflation and debt play in building long term wealth. And so again, it's been a number of years here, so I'm excited to welcome Keith back here. So my friend, Keith, welcome to the show. It's it's a pleasure to have you back here again, my friend.   Keith Weinhold  9:43   Oh, Kevin, it's good to be here and be in the auspices of another fellow native Pennsylvanian as well.   Kevin Bupp  9:49   That's right, that's right, yeah, no, Pa is rocking and rolling as I think I told you this little, this little tidbit last time everyone, every time I speak with someone from Pennsylvania, they never know this. But I'm going to share this fun fact. Are you already know, Keith. I'm gonna share it with the rest of the listeners here today, Pennsylvania, those that are born and raised there. It's the only state where, if you're from Pennsylvania, you refer to it by its initials, and you assume that everyone else, everywhere else across the country, they know what you're talking about when you say I'm from PA and that's the only state that does that. So I think it's pretty neat.   Keith Weinhold  10:19   That's right. No one else does that. No one else says, I'm from TN, if they're from Memphis, right?   Kevin Bupp  10:24   They don't, they don't. So with that, my friend. So, you know, it's, again, it's been a number of years since we, since we had you last on here, you know, let's start with just, let's back up a little bit. You know, what have you been up to? I mean, what, what have the last few years look like for you? Where have you been spending your time, energy and efforts? Obviously, it's, you know, we've gone through some quite a bit of turmoil over the last five years, and would love to just get an update as to what's going on your life.    Speaker 2  10:48   Well, one of the big words in real estate investing, we all know it, even the person that cuts your hair and cleans your teeth knows it, and that's affordability. You know, really, affordability has been under fire, under pressure. By a lot of measures, we have the worst affordability for home buying since the early 80s, when the Jeffersons was on television. So it's been helping a lot of people deal with that. It's really the effect of three things, general inflation, higher home prices and higher mortgage rates. Really, those three things the crux of the problem. It's not exactly inflation, really. It's the fact that over the long term, wages don't keep up with inflation. And really that's the crux of the affordability problem. So I've been helping people deal with that and put that in perspective, really, Kevin,   Kevin Bupp  11:42   what does that mean for, you know, investment, real estate? I mean, are you still still doing deals? Are you seeing deals still get done by your students? I mean, what? What's your world look like?   Keith Weinhold  11:52    Yeah. I mean, I think you're asking, you know, how many deals are taking place? One way to measure that on a national basis is existing home sales. You know, existing home sales have been down substantially. And when a lot of people hear that, they think, prices, oh no, we're not talking about prices. We're talking about existing home sales. That means sales volume. That means the amount of overall transactions. So to give an idea of a real estate market, a residential one that's become pretty lethargic and not very vibrant, is that sales volume. It had its recent peak of about 6 million home sales back in 2021 I mean, 2021 was crazy, kind of the crux of the pandemic, you know, Kevin, that's when for an open house. You saw cars wrapped around the block for just one open house. Okay, well, that year 2021 there were 6 million existing home sales. Today, we're on pace to do about 4 million, and we also did only about 4 million last year. So if you put that in perspective and think about what that means, prices have stayed stable, but that's a 33% reduction in transactions. So investors, you know, people like you and I, Kevin, we're not as affected by this as some other industries. But think about the mortgage loan industry. If you're doing 33% fewer transactions, think about the hard decisions companies have to make and lay people off. 33% fewer transactions for title companies. It's probably close to 33% fewer transactions for furniture companies as well. So really it's both affordability that's been a problem, and that's led to this relative lethargy, kind of a slow, not very interesting residential real estate market, at least from the transaction perspective, really, really slow.   Kevin Bupp  13:58   But Could, could one not argue, I don't know the data points. Keith, I guess, what did it look like? 2021? Was kind of the peak. I think you'd reference 6 million units a year. Transactionally, what did it look like prior? What, what was, what was a more normal year like? And maybe 2020, wasn't a normal year either, right? Because a lot of folks thought the role was ending for a period of time. You know, 2019 maybe just again, trying to, trying to find maybe a better baseline to use. And then, you know, does, I guess, in my mind, and I don't follow these data points as much as you do, is that maybe 2021, was, you know, somewhat artificial inflation, right? Lots of lots of money pumping into the marketplace. And ultimately, we had to get back to a sense of normalcy at some point in time. And so are we at a at a place of normalcy? Are we still behind the eight ball a little bit?   Keith Weinhold  14:44   We're still behind the eight ball a little bit. 5 million is more of a normal long term number. But yeah, I mean, if we've got 4 million now, that's, you know, 25% less still than 5 million, sort of this long term normalcy rate of existing. Home transactions. And if you're a careful listener, you notice I've been using the word existing that doesn't include new build. So you know, when you the listener out there reading headlines, always look at that closely. We talking about existing? Are we talking about new build? You can learn a lot from that when you introduce new build data that introduces an awful lot of noise. For example, even when we look at prices, sometimes we want to exclude new construction. So why is that? Why do we want to focus on existing a lot? Well, because new build can introduce a lot of aberrations to the market. For example, the size of new build properties has dropped substantially the past few years, again, coming back to the central theme of affordability to help make a home more affordable. So we're not looking at same same when the square footage of a property drops a lot. And also, another thing that's been happening as a response to the lack of affordability is you have more builders building further and further out from a central business district where there are lower land costs for that new build property as well to help meet affordability. So the takeaway is, yeah, we want to be careful when we look at numbers. Are we looking at existing? Are we looking at new? Are we looking at overall properties.   Kevin Bupp  16:22   If you believe that if rates come down, we really is that the is that the lever that has to be pulled in order for that transactional volume to kick back up and, you know, make homes more affordable for the average home buyer,   Keith Weinhold  16:34   yeah, it's certainly going to help. I mean, really lower rates is the most likely significant lever that can help with the affordability crisis. Prices are pretty firm. Home prices are up 2% year over year. It's difficult for home prices to fall. In fact, home prices have only fallen one time substantially since World War Two. A lot of people don't realize that. So home prices are firm. I expect them to stay firm. And then the other lever is if we get a huge surge in wage increases, which I really don't expect anytime soon, unless we have another really big bout of inflation. So to your point, yes, lower mortgage rates like, that's the biggest lever that can help affordability return. And to speak to mortgage rates, Kevin and help put all of this into perspective, including this affordability component, is the fact that today, mortgage rates are low, and that gives a lot of people pause. They're like, What are you talking about? Mortgage rates were 3% even as low as two point some percent, just as recently as 2021 and early 2022 What are you talking about? Like, mortgage rates are 2x to 3x that today we look at a long term perspective when we look at the arc of mortgage rates, instead of in setting up expectations where we think rates could go. And we need to look at a frame of reference. Mortgage rates peaked over 18% in 1981 that's if you had a good credit score and everything on a 30 year fixed rate mortgage. That's what we're talking about here. In fact, Freddie Mac, they're the ones that have the best, most reliable stat set for mortgage rates, and that goes back to 1971 the average mortgage rate since 1971 all the way up to today, through all these presidential administrations you know, Nixon and in the Reagan years, and Clinton and the bushes and Obama, everything You know up to today, from 1971 until today, the average 30 year fixed rate mortgage is 7.7% so that's why I talk about how mortgage rates are, you know, moderate to a little low today. That takes a lot of people back. I don't see any impetus. It's going to get us back to, say, 3% mortgage rates. So some real perspective here.   Kevin Bupp  19:06   Yeah, yeah, no. And, you know, the interesting thing again, you might have data points on this to see, is a lot of the lack, do you feel that a lot of the lack of transactional volume is also related to those folks that have locked in, you know, 3% you know, mortgages, right? Like they're they, why would they sell and ultimately trade into a, maybe a, you know, a, you know, upgrade of a home, but ultimately be paying significantly more than that of what they're paying at the present time, you know, double the cost of capital. Your rates today, 30 year, rates are where the six and a half, 7% range, I don't follow it, but yeah.   Keith Weinhold  19:42   I mean, as of today, 6.3% is is where they're at. But yeah, you have a lot of those homeowners locked in to low rates. I mean, first, if we just pull back and look at the overall homeowner landscape, four in 10 have a paid off property. So just to talk to those about the other. Or 60% that percentage that are mortgage borrowers, among borrowers, 70% still have a mortgage rate under 5% meaning it starts with a four or less. So yeah, you're bringing up astutely Kevin the lock. In effect, people are reluctant to sell and give up that rate to trade it for a higher rate. And here's what's interesting, a lot of people if they couldn't make the payments on their home and say they lost their home, something that actually happened a lot in 2008 when people were locked into in sustainable mortgages because they didn't have good credit and they didn't have good income, the borrower is in good shape today. But even if, for some reason, they couldn't make the payments on their home, and they lost their home and they had to rent. Rents are actually higher in many cases, than what that mortgage principal and interest payment is. Maybe even the mortgage principal interest, taxes and insurance that they pay today are lower than what comparable rent would be, and this helps stabilize the housing market, people are really motivated to make their payments, and they can easily do it when it is so low, speaking to that lock in effect, and we're bringing up another reason now why transaction volume is so low, that lock in effect. So homeowners are in good shape. Their payments are sustainable. They don't want to sell, and they're just staying put. They're staying in place   Kevin Bupp  19:42   tying that all back around. Keith, what does that mean for us real estate investors? I mean, is there still good value out in the marketplace? I mean, is the rent to value ratio still, you know, Is there good opportunity to be had, as far as ROI for an investor that wants to buy into a residential investment or a multifamily investment, or anything related to that of residential housing?   Keith Weinhold  19:42   Well, the deals in the one to four unit space, single family homes up the four Plex buildings, yeah, just are not as good as they used to be. The ratio of rent income to purchase price is lower than it was five years ago. And that's so simple, but that's just really the simplest formula for profitability for a real estate investor, you don't have to look at cap rate or or NOI in the one to four unit space. Let's just look at that ratio of rent income to purchase price. 20 years ago, it was easy to find a full 1% meaning, on a 200k property, you could get $2,000 worth of rent income. That's that 1% ratio. But now oftentimes you've got to find something that's more like seven tenths of 1% that would be a $1,400 rent on a 200k property. So that simple formula, and I love that, the rent income divided by the purchase price when I'm looking at properties, when I'm scrolling or scanning like that's a calculation you can do in your head. It's only if I would see a ratio that appears really good, oh, that I would like drill down and look at that property more closely. So of course, when you have something that is that simple, though, rent income divided by purchase price, there's a lot of things that doesn't tell you. You know, what kind of mortgage interest rate can you get? What kind of property tax Do you pay in that jurisdiction? But really, I love the simplicity. That's it, rent divided by price, but it has been under attack. Now today, I still don't know where you're going to get a better risk adjusted return than you do with a carefully bought income property with a loan. I've always liked fixed interest rate debt the best risk adjusted return anywhere. I really don't know of a better one than with buying real estate, because real estate investors have so many profit centers, five simultaneous profit centers, which few people understand. Yeah.   Kevin Bupp  19:42   So using that, I want to, I want to unpack the the 1% rule a little bit for those that aren't familiar with it. And again, there's a lot of variables there, as you had mentioned, you know, mortgage rate, taxes, insurance and that respective market that you that you're buying in, and so what? What are you really trying to back into when applying that rule? Is there? Is there? Is there a true cash on cash return that you're hoping to achieve, again, assuming all these other variables that we just don't know, what they are at this point, you know? Is there a target range of actual ROI that you're actually looking to achieve when applying that 1% rule?   Keith Weinhold  19:42   No, I'm just looking for any positive cash flow. You know, to your point, yeah, there's nothing like the cash on cash return needs to be at least three and a half percent or something like that. But, yeah, I still like buying a property that's that's greater than a break even. Inflation is probably going to increase your cash flow over time, even if you bought a property that that broke even or just had a trickle of cash flow or a $100 cash flow today, a lot of people don't understand that fact that right there you can't count on it, you shouldn't count on. Getting rent increases. But we all know it generally happens over time at a rate of about 3% a year, but it actually increases your cash flow. If you increase your rent 5% your cash flow can often increase something like 12% why is that? How could that happen? That's because, you know, it's key for the person that was listening closely, you get fixed interest rate debt, so your rent income goes up, your expenses increase, except for that mortgage principal and interest. Inflation can touch it. It's kind of like a mosquito buzzing against a window and always trying to get in. And inflation can't touch that in a way. It's sort of like debt that's an asset in some unusual way, or some play on words, getting that debt so So yes, you can't count on rent increases over time. We know what typically happens, and that's really part of the compelling value proposition of buying income property with a loan. You're sort of leveraging inflation. You're really on the right side of it.   Kevin Bupp  20:08   Are there any particular markets that you feel are ripe for opportunity today where you're spending your focus and energies in?   Keith Weinhold  20:08   Yeah, it's still in high cash flowing markets like Memphis, okay, little rock and a good part of the Midwest and the Midwest still has home prices appreciating faster than the national average as well. So those are some of the areas that I like. Those jurisdictions also tend to have laws, as your listeners might know this already, Kevin, they tend to have laws that benefit the landlord more so than the tenant, where you can get a prompt eviction, but those are still the areas where you do get that high ratio of rent income to purchase price on a single family rental home, you might still find eight tenths of 1% meaning $800 worth of rent for every 100k of property purchase in places exactly like that.   Kevin Bupp  20:08   I was hoping that you tell me 1% rule would is applicable.   Keith Weinhold  20:08   It's pretty rare. You know, if you do see, if you do see a property that has a full 1% rent to purchase price ratio, it could be in a sketchy area, you need to make sure that you can actually get the rent in like you would get a respectful rent paying tenant in there. That's something that we would have to look at more closely.   Kevin Bupp  20:08   Have you explored building new product? Is there an opportunity there getting at a lower basis by building ground up?   Keith Weinhold  19:42   You asked such a smart question. This is actually the first time ever, as long as I've been an active real estate investor, Kevin for more than 20 years where new build purchases for income property make more sense than existing purchases. Why is that? It's because builders know that investors and borrowers are struggling to buy and afford property and make the numbers work. Like you're talking about, that builders are incentivized to buy down your rate. For you, to buy down your mortgage rate, we deal with a lot of providers that buy down your mortgage rate to 5% or less for you, and this is a fixed, long term loan in order to help get the numbers to work. You know, especially where you might see a new build property where the rent to purchase price ratio is less than seven tenths of 1% and it's just like, ah, the numbers wouldn't work paying a higher mortgage rate, but some are willing to buy them down to as little as four and a half. However, if you're looking into buying a new build income producing property, you do want to look at that closely. Who is paying for the discount points to buy down the rate. Is it the builder, or is it you? Because some builders just suggest, hey, you can buy down. You can have your rate bought down. But yeah, the next question is, yeah, okay, who is actually doing the buy down? Yeah.   Keith Weinhold  19:43   I mean, just getting tacked on. I mean, in that instance, I'm assuming that a lot of it's just getting tacked on to the to the back end of the purchase price, or it's being baked into closing costs somewhere somebody is paying for it. More than likely the borrower is paying for it. Paying for it. Is that? Is that? Again, I'm assuming we probably have that here in Florida. Again, I don't really follow the residential market too much, but there's, as you had mentioned, like, kind of on the the outskirts of Tampa, the tertiary, necessary, tertiary, probably more secondary areas. That's where a lot of the builds are happening. Lots of these, you know, planned subdivisions. You know, hundreds and 1000s of homes being put up. And in my understanding, through the grapevine, is I hear that they're, you know, sales volumes is incredibly slow, and a lot of these builders are now offering some creative loan products, again, to what you've just stated there, to attract, not necessarily even just homeowners, but also investors, to come in and buy their product from them. Is, is there a real opportunity there, though? I mean, have you seen investors be able to benefit from buying brand new product at a fair price, with economics at work keeping as a rental?   Keith Weinhold  29:53   I have and Florida has some builders that are almost desperate. I'm a long time investor. Know personally, directly in Florida, income property, Southwest Florida, places like Cape Coral, they have been ground zero for real estate depreciation, a contraction in real estate values year over year of 10% or more in some southwest Florida markets. So like the post pandemic, migration boom is certainly over in Florida. And you know, Kevin, as little as 10 years ago, people used to talk about buy in Florida. It's cheap, it's sunny, cheap and cheerful, like you would sort of hear that sort of thing about Florida real estate. That is no longer true. Florida just is not as cheap as it used to be. It's the same or higher than the national median home price now in Florida. So yes, some builders are rather desperate. The other benefit of buying new build, especially in a place like Florida, where a lot of new building has taken place and the supply actually exceeds the demand here in the short period. You can take advantage of that, not only by getting the rate buy down, but because homeowners insurance premiums are substantially less on new build property, because they're built to today's wind mitigation and other standards than they are existing property. I have a friend that just bought a new Florida duplex through us in Ocala, Florida. That's sort of a central, North Central Florida, on that new build duplex that he paid 400k for. I saw the actual insurance premium, the the rate sheet, $694.06 $694 694 so the benefit of buying new build is you get a lower insurance premium. You get these rate buy down. Sometimes what your builder will buy for you make for you rather and of course, you're probably going to have low maintenance costs for a long time, since it's a new build property, and you get a tenant that is probably going to stay longer than the average duration. They're the first person to ever live there. It's difficult for the tenant to improve their housing situation when they have a new build income property, unless they would go out and buy, and it's a very difficult time to go out and buy. So through that lack of affordability, really, the advantage for a real estate investor is tenants are staying put longer. The average tenancy duration is up because they can't run out and be a first time homebuyer.    Keith Weinhold  32:32   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. 1937795898, 77958989   Keith Weinhold  33:44   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   Todd Drowlette  34:17   this is the star of the A and E show the real estate commission. Todd Rowlett, listen to get rich education with my friend Keith Weinhold, and don't quit your Daydream.   Kevin Bupp  34:38   That even trickles down to the to the space that we're in. We're in the mobile home park space. And while we don't have a lot of rentals inside of our portfolio, most of our residents own their home and they rent the land, but throughout our portfolio, we have roughly 400 units that we own that we have as standardized rentals, and we've noticed that trend as well. Historically. 10 years ago, you. Yeah, we track actually about, I can take it back about eight years, where we actually have data to support this. This claim is that our average renter would stay about 16 months. That was fairly standard. Whereas today it's over, it's nearly three years. At this point in time, the majority are staying nearly three in there's probably, there's some variables in there. You know, eight years ago, we weren't bringing a lot of new product into our communities, whereas a lot of the mobile home parks that we purchased today do have a lot of newer mobile homes in them. So again, to your point, it's, it's a it's a newer home. It's fresh. There might not be the first person that lived there, maybe they're only the second, right? But it's still a very new home. It's only a couple years old. All the appliances are new. It's fresh, you know, it's well insulated, and it's just a high quality product, but, but it's nearly double of what we used to experience and what we used to underwrite. It's, you know, which is, which is interesting. You know, I am, I want to, I want to circle back, you'd mentioned Cape Coral. I've got quite a bit, quite a bit of experience with Cape Coral. This is not the first time that Cape Coral and Port Charlotte in those areas have crashed. I mean, like, they've got quite an interesting history in time, back during the GFC, that area down there took probably one of the biggest hits in most of Florida, while, you know, the rest of Florida got, you know, pounded pretty hard with home values and decreasing home values decreasing rents, Port Charlotte, Cape, coral, in those areas as well. It's just It looks very different down there today. As far as you know, the job basis. I mean, there's a little bit more of a, you know, you know, an economy than what existed maybe 1015, years ago. But I don't know if you know the story of Port Charlotte. Is it some interesting history that you can if you want to spend some time, go on YouTube. There's some documentaries out there about, basically when that area was created. There's a two brothers that, essentially, you know, sold, subdivided and sold swampland and sold the dream to the northeast centers to come down and buy, you know, parcels of land down in Cape Coral, port, Charlotte and in that general area. And it took a lot of time for it develop over the years, but it's a beautiful area down there. But again, I think what happened to your point? A lot of folks during the covid era were wanting to come to Florida. We were fairly free down here. The sun was shining, you know, the Gulf of Mexico was warm, and that was a good value for a lot of folks. You know, the values were driving up there. Was home inventory down there. You got a good bang for your buck back at that point in time. But again, there's not, there's not as much as many amenities and supportive economy there. And then to me, there, like you might find in the Tampa area, or you might find Orlando, or even Ocala cow is a phenomenal market right now. And yeah, oh, Cal is, for those that don't you know you mentioned, you referenced the insurance there, which is, that's a great, that's a great price for that, that policy, you know, 700 bucks, basically, that is inland. For those that don't know the geography here in Florida, that is inland. So you are fairly protected from storms, you know, hurricanes and things of that nature, which crush us here on the on the Gulf Coast. But in any event, I just thought I'd share that there's some good, pretty cool documentaries out there in Port Charlotte, in the whole area down there, but a beautiful part of the country. But just Yeah, it's, it's suffering right now. There's, I think there's, I was looking the other day on Zillow. I just play around and check and see what waterfront home prices are going for. And down there, you can basically get a you can get a canal front home going out to the Gulf of Mexico for about $500,000 which was probably closer to 800,000 during, you know, the the boom era of 2021 2022 So historically, we used to buy properties down there. This is back in 2000 and 345, before the the GFC, we could buy those same properties for 150 and $200,000 waterfront home, waterfront homes, deep water canals going out to the Gulf of Mexico. But when it crashed, some of those homes were selling for $120,000 $100,000 so it's interesting to see how things have come kind of full circle multiple times, not just down there, but in all of Florida as well. Florida is always boom and bust. You know, I think they say that with you know, you could probably speak to that most of these coastal towns, whether it be in Florida, whether it be up the eastern seaboard, the coastal markets are definitely more of a roller coaster ride than the Midwestern markets, where you invest in would you? Would you agree with that?   Keith Weinhold  39:09   Yeah, I would. And yeah, you talk about Florida being a boom and bust, and what you said is certainly true in the shorter term. Back in the global financial crisis, we saw more price blood letting in Florida than we did in other states as well. But over the long term, the long arc, I'm bullish on Florida because of just the obvious constant in migration story. In fact, if you go back to decennial censuses, all the way back to the early 1800s every single decennial census, every 10 years, the population of Florida has rose, and it rises faster than the national average, almost all of those 10 year periods. So yeah, over the long term, I certainly like Florida, but Yeah, you sure can, you know, nitpick over the. Short term, but as little as five years from now. If you bought today, as little as five years from now, I could see someone saying, like, yeah, I bought back five years ago, because we're actually in a in a short term, overbuilt condition, and builders bought down my rate. For me, this could look savvy and this could look wise. So if you're looking for opportunity, new building Florida is definitely something to look into.   Kevin Bupp  40:22    I agree. No, absolutely. Like, the long term, you know, opportunity here in Florida, it's there, you know, it's interesting. We've got the we get these hurricanes every year. Last year was a pretty impactful year, at least here on the on the Gulf side, and the neighborhood I lived in, we got flooded. Luckily, our homes in newer builds built up. But, you know, 70% of the neighbor I lived in had 444, or five feet of seawater. And as did the, you know, the long stretch of the Gulf Coast here, and it was the first time this area has ever this immediate air right where we live, has ever had a it wasn't even a direct hit. It just happened to be a massive storm surge. But it was, you know, catastrophic as far as the damage that it did. And a lot of folks that we knew in our neighborhood here. Have lived here for 1020, 3040, or 50 years, and they had never had any floodwater whatsoever. And and there was two camps where they fell in either one camp where they didn't, they whether they had the money to rebuild or not, didn't matter. Like, mentally, they were never going to end up. They were never going to deal with that again. They were moving away, like they just didn't want to go through the heartache of that again. In the second camp, we're basically, I knew it was going to happen at some point in time. This is the kind of price to live, to pay, a live in paradise and and what ultimately occurred is, you know, you saw homes going up for sale, and in the initial chatter for those that that were impacted, is that, who's going to buy that? You know? You know, they're not going to get hardly anything for it. You know, it's just like, who's going to want to live here now that has been flooded. I said, Just wait. I'll say people have us as human beings, have short term memories. We do and and I can promise you, within a few months, those homes will be gobbled up, some will be knocked down, some will be rebuilt, but inevitably, the prices will come back incredibly strong, and you'll see very limited inventory, at least in desirable markets that are here on the water. And that's exactly that happened. Within six month period of time, prices are back up. You can't get your hands on a flooded property now, or one that had been flooded, right?   Keith Weinhold  42:12   I can believe it. And this is not the way that you want to have a waterfront property when the water inundates you and comes to you, that is not the way to buy waterfront property.   Kevin Bupp  42:23   Yeah, interesting, but, uh, no, Keith has been a fun conversation, my friend. So let's, let's talk about, you know, I like to you'll peek inside your brain if you were going to start all over again, from scratch, you know, you've been at this now, what? How long? Almost two decades. It's been, been quite   Keith Weinhold  42:38   Yes, yes, more than two decades. Is that what you're asking, how would I start, starting from today?   Kevin Bupp  42:47   Yeah, like, what would you do? Where would you focus, what asset type and any particular strategy outside of what you're doing today? You know, where would you focus your time?   Keith Weinhold  42:55   Actually, it is quite a coincidence. The way that I would start all over again in real estate is the way that I did start in real estate. It worked out phenomenally, in a way it makes sense, because if it hadn't worked out phenomenally, you never would have heard of me, and I wouldn't have become this real estate thought leader or whatever, because this is a way, an everyday person with virtually no real estate knowledge and very little money. Can start out, what I did is I made the first ever home of any kind, a four Plex building where I lived in one unit and rented out the other three. This is something very actionable for your for your audience as well, Kevin. Or if maybe you're a listener that has a an adult daughter or son and they want to get started in real estate with a bang without much money, is to buy a four Plex, just like I did. You can use an FHA loan, a three and a half percent down payment. You have to live in one of the units at least 12 months, and at last check, your minimum credit score only needs to be 580 now you will get a lower interest rate if you have a higher credit score. But those are the only three criteria you need. I mean, what a country talk about? The American Dream. You can use that FHA program with a single family home, duplex, triplex or fourplex, that's the formula. That's how I began. Actually ended up living there a little more than three years. But what that did for me was remarkable, and in fact, you know what it taught me? Kevin and every listener can benefit from this. It's paradoxical. A lot of times I say things that you would not expect to hear that make you go, wait what? Whoa, how can that be? Is what it taught me is that I don't want to focus on getting my money to work for me. You probably wouldn't expect to hear that. It's actually a middle class paradigm to say, well, I don't want to work for money. I also want to get my money to work for me. I'm telling. You that that's going to keep you middle class, or worse, that's going to keep you working until old age, and you won't have an outsized life and retirement and options. If you think that the best and highest use of your dollar is getting your money to work for you, it's not what's the paradigm shift if this four Plex building taught me the way I started out, which is still the way that I would start out today, and you probably heard this before, but I'm going to put a new twist on it. Is you want to ethically get other people's money to work for you, and we can be ethical. We can do good in the world. Provide housing that's clean, safe, affordable and functional. Never get called a slumlord that way. You can employ other people's money three ways at the same time, ethically by buying an income property with a loan, like we've been talking about in Florida, or with this fourplex building. How do you do it three ways at the same time, using the bank's money for the loan and leverage, which greatly amplifies your return beyond anything Compound Interest can do. The second of three ways you're ethically employing other people's money is you're using the tenants money to pay for the mortgage and some of the operating expenses on this fourplex. And then the third way you're simultaneously using other people's money is using the government's money for generous tax incentives at scale. So the lesson is that the best and highest use of your dollar is not getting just your money to work for you, it's other people's money, in this case, the banks, the tenants and the governments. That's what you can do. I mean, what an opportunity. A lot of people just don't even know about that FHA program.    Kevin Bupp  46:41   Yeah, I actually, I wasn't, I wasn't aware that it was that low of a down payment key. That's no idea. Three and a half percent, you said, a 550 credit score, believe me, 580 minimum credit.   Keith Weinhold  46:51   And you have to, thirdly, you have to owner occupy a unit for at least 12 months. And hey, I'm not saying it's always easy. You know, you got to think about that. Your neighbors are also your tenants. And I don't know how to fix stuff. I still don't. I'm a terrible handyman, but it's good to learn a little about about human relations. And you know, letting finding a general way to let the tenants know that you have a mortgage to pay every month. I mean, just that alone can can help them ensure timely rent payments. But, and this also doesn't mean every area, or every four Plex building is is good, but, yeah, that's the opportunity. That's how I started. I would totally do it again.   Kevin Bupp  47:27   Can you use that FHA program more than once? Or is that just the one time you know your first, first, first primary home purchase?   Keith Weinhold  47:34   It's generally you can only use one at a time. There are some exceptions, like if you and your job move, like, a certain mile radius away from where you got the first one, but, yeah, generally it's only going to be one at a time. A lot of people don't use it. Don't know about it. In fact, if you have VA benefits, Veterans Administration benefits, you can get a similar program, like I was talking about, but zero down payment, rather than three and a half with an FHA loan. It's a really good, amazingly good opportunity.    Kevin Bupp  48:05   That's incredible. That's incredible. Keith, my friend, I appreciate you coming back going. It's always good to catch up with you. Good to see that you're doing well.   Keith Weinhold  48:17   Oh yeah, a terrific chat there with Kevin. I hope that you like that really. At our core, real estate investors are not day trading. We are decade trading. Now I'm in western New York today, at the other end of the state, NYU compiled some terrific statistics that you want to hear about for nearly the past 100 years. It is the annualized returns of six major asset classes. This spans, the Great Depression, a number of recessions, World War Two, the New Deal, gold standard, abandonment, brendawoods, the Cold War, Civil Rights Movements, oil shocks, Volcker rate hikes, the.com boom and crash, the 911, attacks, the housing bubble, covid, 19, AI revolution and 16 presidencies, all those ups and downs and war and peace and economic booms and economic lows, and now there is going to be a mild tongue in cheek element here, because stats like this drive real estate investors crazy, but this is often how mainstream media portrays asset class comparisons. All right, the six asset classes are stocks, cash, bonds, real estate, gold, and then inflation, which isn't in an asset class, but it's a benchmark. All of these begin from the year 1930 so spanning almost 100 years. Let's take it from the lowest return to the high. Best return the lowest is inflation. And what do you think the CPI inflation rate is averaged over the last 100 years? Any guess at all? You might be surprised. It is 3.2% Yeah, even though the Fed's CPI inflation target has long been 2% it runs hot longer than most people believe. So therefore, today's inflation rate isn't high, it's just normal. The next highest return is cash at 3.3% How did NYU measure that the yield from three months T bills? Next up is bonds. They returned 4.3% that's the 10 year treasury average of the last 100 years. The next highest is real estate at 4.7% that uses the K Shiller Index. Now we're up to the second highest. It is gold at 5.6% and the highest is stocks at 10.3% using the s, p5, 100, and this was all laid out in a brilliant chart that also shows the returns by each decade for all of these asset classes. You'll remember that I shared the chart with you in our newsletter a few weeks ago. Now you are smarter and more informed than the layperson is, you know, but they see this chart and they think, Oh, well, that's it. I've got my answer. Real Estate's 4.7% appreciation loses out to gold's 5.6 and stocks 10.3 and then they go back to watching Love is blind. But of course, rental property owners like us know that we often make five times or more than this 4.7% when we consider all those other income streams and profit centers, leverage, rents, ROA and inflation, profiting on our debt, it's often 25 to 30% total. It's sort of like judging a Ferrari by only measuring its cupholders or something. Now, would stocks 10.3% get adjusted up as well? Yeah, probably a little, because the s and p5 100 currently averages a 1.2% dividend yield, so that might be added on the 4.7% return for real estate. That cites the popular Case Shiller Index. And the way that that index works is that it uses a repeat sales methodology. So what that means is that the Case Shiller measures the sales price of the same property over time. Therefore a property would have to sell at least twice in order to be measured by this popular and widely cited K Shiller Index. So then the 4.7% appreciation figure excludes new build homes, and new builds appreciate more than existing homes, but you do have more existing homes that sell the new build homes, so we can pretty safely assume that real estate's long term appreciation rate is higher, likely between five and 6% there it is. So yeah, making comparisons across asset classes like this is pretty tricky, because investment properties leverage and cash flow gets nullified. And when you make comparisons like this, it's a big reminder that even if you can't get much cash flow off a 20 or 25% down real estate payment, sheesh, most people put a 100% payment into stocks, gold or Bitcoin, and they don't expect any cash flow. And Bitcoin isn't part of what we're looking at for this century long view, because it did not exist until 2009 and also NYU had to use some alternative statistics. Sometimes the s, p5, 100 index only came into being in 1957 and the Case Shiller Index 1987    Keith Weinhold  54:02   next week here on the show, I expect to answer your listener questions from beginner to advanced. You've been writing in with some good ones for the production team here at GRE. That's our sound engineer, Vedran Jampa, who has edited every single GRE podcast episode since 2014 QC in show notes, Brenda Almendariz, video lead, brendawali strategy talamagal, video editor, seroza, KC and producer me, we'll run it back next week for you. I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 3  54:36   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.   Speaker 2  55:04   The preceding program was brought to you by your home for wealth building, get richeducation.com  

On this episode of Overdue Advice, MetCredit's podcast focused on cash flow strategies and financial literacy, host Bryn Griffiths talks with Noah Booth, a now-third-year student at Dalhousie University and author of the best-selling book “A Rich Future: Essential Financial Concepts for Youth”. As someone who wrote a book on personal finance before graduating high school, Noah brings a fresh, relatable perspective to young people (and parents, educators, and business owners) on how to build strong financial habits from an early age.Whether you're navigating your own financial journey or helping your kids avoid common pitfalls, this conversation is packed with practical advice for managing money, budgeting for life changes, and understanding the importance of starting early. The episode explores how basic financial literacy can make all the difference in avoiding debt, achieving stability, and setting up a "rich future," no matter your age. If you're a business leader or a parent worried about your youth's financial readiness, or a young adult wanting a head start, Noah's story and simple strategies are a powerful guide.Episode Highlights00:00:59 – Noah's passion project sparks his personal finance journey and reveals a gap in youth-targeted resources 00:03:02 – Why financial literacy is missing in schools and why that matters for young people00:04:03 – The challenges of digital spending and practical tips for mindful money management 00:05:31 – How a school presentation evolved into a published book, and partnering with RBC00:08:07 – Family support, early lessons, and using real-life examples—including siblings—in the book00:10:31 – Opportunities and impact since publishing; advice for teachers amplifying financial lessons 00:14:23 – Financial concepts apply at any age—breaking the silence on money conversations at home 00:15:36 – The power of starting early with budgeting, saving, and compound interest 00:16:05 – Overcoming procrastination and taking action for your financial future 00:17:32 – Feedback from students and the influence of social media on money management 00:19:57 – Budgeting tips for life's big transitions, like moving away for school 00:20:10 – How to find more resources, connect, and apply these lessons via MetCredit and Noah's website Whether you're just starting out or recalibrating your finances, this episode offers overdue advice that can shape your path to security and success … at any age! Be sure to share the book with a young person.Noah's website: ARichFuture.com

Bruce Sellery talks with personal finance expert and author Preet Banerjee about the “light bulb moment” that changed his money life as a teenager: automatic savings and the astonishing power of compound interest. Preet walks through simple examples that show why starting early matters more than saving perfectly, how small increases in your contributions can more than double your nest egg, and why high-interest credit card debt is compounding working against you. If you've ever wondered whether those online calculators are “too good to be true,” this segment will flip the switch. Connect with Preet on Instagram.

Are the Government about to get this all wrong?---------Check out Plum https://upthegains.co.uk/visit-plum-partner/(When you invest your capital is at risk. Past performance is not a guarantee of future success. Investments can go up and down in value. Lifetime ISAs can be used for a first home purchase or towards retirement)---------In this episode of the Money Gains Podcast we welcome Rajan Lakhani, Head of PR & Comms at Plum to the show. Rajan explains why Rachel Reeves' proposed cash ISA reforms might not achieve their intended goal of boosting UK investment, the psychological barriers preventing people from investing, and the Lifetime ISA trap affecting London buyers.---------

Welcome to the Transformation Church Podcast! Each week you can be a part of the weekly sermon delivered at TC by one of our Pastors. You can join us and listen to each message and then catch our Message Re-Cap Podcast on each Wednesday where we talk a little message and a lot of nonesense. Thank you for taking the time to connect with us and with God through this message! For more info about Transformation Church check out our website at https://transformationchurch.com This week Pastor Justin brings the message from the Bridge Builders series with Compound Interest.

One of the most powerful forces in economics and finance is compound interest.  Not everyone understands compound interest, even though they may reap its benefits or suffer its consequences.  Compounding has the potential to build fortunes and wreck empires. The effects of compounding are also not limited to interest payments. It can apply to a great many things in and out of the natural world. Learn more about compound interest, how it works and its awesome potential on this episode of Everything Everywhere Daily. Sponsors Quince Go to quince.com/daily for 365-day returns, plus free shipping on your order! Mint Mobile Get your 3-month Unlimited wireless plan for just 15 bucks a month at mintmobile.com/eed Stash Go to get.stash.com/EVERYTHING to see how you can receive $25 towards your first stock purchase. Newspaper.com Go to Newspapers.com to get a gift subscription for the family historian in your life! Subscribe to the podcast!  https://everything-everywhere.com/everything-everywhere-daily-podcast/ -------------------------------- Executive Producer: Charles Daniel Associate Producers: Austin Oetken & Cameron Kieffer   Become a supporter on Patreon: https://www.patreon.com/everythingeverywhere Discord Server: https://discord.gg/UkRUJFh Instagram: https://www.instagram.com/everythingeverywhere/ Facebook Group: https://www.facebook.com/groups/everythingeverywheredaily Twitter: https://twitter.com/everywheretrip Website: https://everything-everywhere.com/  Disce aliquid novi cotidie Learn more about your ad choices. Visit megaphone.fm/adchoices

HEADLINES:♦ UAE Supreme Court Rules Against Compound Interest on Loans♦ Sharjah Property Market Hits Record AED 44.3 Billion in 2025 ♦ Sinner Clinches $6m Six Kings Slam Title in Saudi Arabia

AI Investment Bubble Warning: Why Compound Interest Beats Market Speculation for Kentucky Retirees Episode Length: 45 minutes | Host: Tom Dupree Jr. | Guest: Mike Johnson The current AI investment […] The post AI Investment Bubble Warning: Why Compound Interest Beats Market Speculation for Kentucky Retirees appeared first on Dupree Financial.

In this episode of the Sunlight Tax podcast, I reveal the #1 habit that sets successful freelancers apart: consistent saving. Discover why saving is like a muscle you need to train, how small, steady contributions to retirement accounts can snowball into long-term financial security, and why waiting for the "perfect" moment to save holds you back. I share my personal journey, real success stories from my community, and practical tips to overcome the psychological barriers that keep many creatives and freelancers from building wealth. Whether you're just starting out or have been self-employed for years, you'll learn how to take imperfect but powerful action toward your financial goals and harness the power of compound interest to create a more secure future. If you've ever felt behind on saving, this episode will give you the motivation and strategy you need to start today. Also mentioned in this episode: 01:11 The Key Habit of Successful Freelancers 03:40 Overcoming Perfectionism in Saving 06:37 The Power of Consistent Savings 09:12 Building a Safety Net with Small Contributions 11:51 The Psychology of Financial Habits 14:54 Real Success Stories from the Community 18:26 The Importance of Habits Over Windfalls 21:10 Encouragement and Resources for Financial Security   If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Links: Join my free class: Make Taxes Easier and Stash an Extra $152k in Your Savings Check out my program, Money Bootcamp Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions Check out my program, Money Bootcamp  

What if your money could work for you—and then recruit friends to help it work even harder? That's the power of compound interest, the 8th wonder of the world.In this episode of Kellechie Speaks, we break down:What compound interest really is (without the math headache)Why time + consistency = unstoppable growthHow compounding can build your wealth—or trap you in debtSimple steps to start investing today, even with small amountsYour future self will thank you for listening to this one!

Join The SwoleFam https://swolenormousx.com/membershipsDownload The Swolenormous App https://swolenormousx.com/swolenormousappMERCH - https://papaswolio.com/Watch the full episodes here: https://rumble.com/thedailyswoleSubmit A Question⁠ For The Show: https://swolenormousx.com/apsGet On Papa Swolio's Email List: https://swolenormousx.com/emailDownload The 7 Pillars Ebook: https://swolenormousx.com/7-Pillars-EbookTry A Swolega Class From Inside Swolenormous X: https://www.swolenormousx.com/swolegaGet Your Free $10 In Bitcoin: https://www.swanbitcoin.com/papaswolio/   Questions? Email Us: Support@Swolenormous.com

Episode Description Are your credit cards secretly keeping you stuck? In Episode 276 of the #GetUnstuck Podcast, Heather Newman breaks down how credit card interest and compound interest work, why the “mini loan” illusion is costing you more than you think, and exactly how to break free using the Dave Ramsey snowball method. This episode is perfect for women ready to take control of their finances, stop the cycle of debt, and build quiet confidence in their money decisions. Heather shares 5 actionable steps to get out of credit card debt, plus real numbers and examples that make it crystal clear why taking action now matters.

Most investors know about 1031 exchanges, but few realize how much inefficiency, hidden fees, and outdated systems still dominate the process. In this episode, Daniel Osman, CPA reveals how his team is disrupting the industry with tech-forward, transparent, and zero-fee solutions. From compound growth to generational wealth and AI-powered innovation, this is the future of tax strategy for serious real estate investors.   WHAT YOU'LL LEARN FROM THIS EPISODE   What a 1031 exchange is and why it's critical for long-term wealth building How Deferred.com is eliminating fees, sharing interest, and modernizing exchanges The "swap ‘til you drop" strategy and how to pass on assets tax-free to heirs Hidden inefficiencies of traditional QIs  Creative ways to rescue a potentially failed 1031 exchange   RESOURCES MENTIONED IN THIS EPISODE Deloitte  askAri   ABOUT DANIEL OSMAN, CPA  With a strong foundation in accounting, sales, and strategic partnerships, Daniel leads growth at Deferred. He's dedicated to building a 10-star customer experience while making a potentially complex 1031 process simple and easy to navigate. Previously, he managed partnerships at Home Depot, led sales and operations at Balance Homes, and worked at Deloitte & Touche across their M&A and Audit practices.   CONNECT WITH DANIEL  Website: deferred.com  LinkedIn: Daniel Osman, CPA    CONNECT WITH US: If you need help with anything in real estate, please email invest@rpcinvest.com  Reach Ron: RP Capital Leave podcast reviews and topic suggestions: iTunes Subscribe and get additional info: Get Real Estate Success Facebook Group: Cash Flow Property Facebook Community Instagram: @ronphillips_ YouTube: RpCapital Get the latest trends and insights: RP Capital Newsletter  

In this episode of the Sunlight Tax Podcast, I had the joy of interviewing my daughter, Farrah, about her very first job and everything she's been learning about managing money. We talked about the excitement of earning her own income, the value of saving and starting a Roth IRA early, and how taxes work. We even touched on the idea of net worth.  Farrah shared some really thoughtful insights about spending wisely and why she thinks financial education is so important for kids her age (Gen Alpha). It was also fascinating to see how her perspective reflects some of the generational shifts in how we think about money.   Also mentioned in today's episode: 03:12  First Job and Earnings Insights 06:17  Understanding Roth IRA and Compound Interest 08:56  Navigating Taxes and Financial Responsibilities 11:43  Defining Net Worth and Wealth 15:36  Lessons on Spending and Saving 18:05  The Importance of Financial Education   If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences. Links: My #1 Tip to Make Your Kid a Millionaire Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions Check out my program, Money Bootcamp

In this episode of the Sunlight Tax Podcast, I'm discussing the benefits of tax-advantaged savings for children, specifically focusing on a Roth IRA for kids. I explain how parents can open a custodial Roth IRA for their kids, the advantages of a Roth IRA, and the importance of teaching children about compound interest and financial literacy.  This episode also emphasizes the long-term benefits of starting early with investments and how this can empower the next generation financially. Also mentioned in today's episode: 00:00  Introduction to Tax-Advantaged Savings for Kids 05:42  Understanding Roth IRAs for Minors 10:32  Teaching Kids About Compound Interest and Financial Literacy   If you enjoyed this episode, please rate, review and share it!  Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.   Links: Roth vs Traditional IRA: Does it even matter? How to fund your IRA: Pay yourself first Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions Check out my program, Money Bootcamp    

Welcome back to another episode of the Building Your Money Machine Show! Today, I'm pulling back the curtain on one of the biggest myths the financial industry loves to sell: the fantasy of compound interest as the ultimate, effortless path to wealth. We all hear that “compound interest is the eighth wonder of the world”—and while it's powerful, the way Wall Street sells it can leave you feeling like you were promised a yacht and handed a pool noodle with a dream.In this episode, I bust the myth that time alone will make you rich. I break down why average returns aren't the same as your actual returns, and how relying on those rosy averages can seriously wreck your portfolio. I also unpack the deceptive smooth curve of compound interest, explain why your wealth journey starts with what I call the “wealth flatline,” and get real about the discipline and consistency it takes to get to the good stuff—where your money machine finally takes off.By the end, you'll have a new perspective on compound interest (without the hype), and a blueprint for making it work for you—not against you—on your path to financial freedom.IN TODAY'S EPISODE, I DISCUSS:The truth about compound interestThe big difference between average returns and real, compounded annual returnsThe impact of sequence of returns riskMy strategies for building flexibility and resiliency into your wealth planWhy watching out for fees can save you tens of thousandsRECOMMENDED EPISODES FOR YOUIf you liked this episode, click here to enjoy these and more:https://melabraham.com/show/1970s Money Habits Not Taught Today... That We Need in 2025Accountant Debunks: The Most Controversial Topics in Personal FinanceThe WORST Investment Lies Told by Finance Gurus8 Signs You're Doing Well Financially (Even If It Doesn't Feel Like It)Accountant Explains: The 4 Financial Freedom Zones - How close are you?RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:1970s Money Habits Not Taught Today... That We Need in 2025: https://youtu.be/CnUi_Dr_v7IAccountant Debunks: The Most Controversial Topics in Personal Finance: https://youtu.be/9xG2GgrBx8YThe WORST Investment Lies Told by Finance Gurus: https://youtu.be/Nlt9-Z61bxA8 Signs You're Doing Well Financially (Even If It Doesn't Feel Like It): https://youtu.be/KKhrKQb-v40ORDER MY NEW USA TODAY BESTSELLING BOOK:Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that's no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.When you do you'll also get over $1100 in wealth resources & bonuses for FREE! TAKE THE FINANCIAL FREEDOM QUIZ:Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com

This segment is compound interesting! In a way only Steve Moore can, we find out how this topic is relevant to our country.

Common college debt traps are avoidable! Emilie Chowdhury was lucky to learn smart money habits early on, but after nearly a decade in the corporate world, she realized most of my friends—brilliant, educated women—had never been taught how to manage their finances. And the truth is, we shouldn't have to rely on luck to learn this. Financial education should be accessible to all of us. That's what sparked this community: no MLMs, no get-rich-quick schemes, no clickbait. Just honest, approachable, and supportive guidance. Inspired by the power of strong female friendships, Emily's mission is to give you the tools to take control of your money so you can thrive, not just survive. In episode 585 of the Fraternity Foodie Podcast, we find out why Emilie decided on Northwestern University, what was special about Alpha Chi Omega, her journey from the corporate world to financial literacy education, what inspired her, how you can flip the "I'm a broke college student" mindset, what are some budgeting strategies for college students, tips to improve chapter-wide financial literacy for treasurers, how to avoid common college debt traps, how to get started with investing, and small steps you can take to own your first home. Enjoy!

What do you think might be the biggest threat to your long term health?  Drug resistant bacteria?  A global pandemic?  Bee extinction?  Nuclear war?  Could be.  Those would be bad and make us rethink everything we thought we knew about our futures.  But I think there's something else more likely to reduce the number of years you have left in good health. come connect with me:  www.healthcouragecollective.comemail me directly: healthcouragecollective@gmail.comTake my Udemy Course about Bioidentical Hormone Replacement Therapy$10 off EYE BUY DIRECT: https://www.eyebuydirect.com/referral/1615995 Lume Deoderant discount: http://lumedeodorant.refr.cc/christinahackett $10 off coupon for your first order at Built Bar. To accept, use my referral link: http://i.refs.cc/ANZLBkC9?smile_ref=eyJzbWlsZV9zb3VyY2UiOiJzbWlsZV91aSIsInNtaIn episode 210 of The Healthcare Collective Podcast, the host explores the biggest threats to long-term health, using the metaphor of the hero's journey. The episode delves into the dangers posed by seemingly insignificant habits—referred to as 'gnats,' 'paper cuts,' and 'kryptonite dust'—and how they can accumulate over time to cause major health issues like cardiovascular disease and diabetes. The host emphasizes the importance of recognizing and eliminating these small, harmful habits to improve health and longevity. The episode also discusses the power of marginal gains, suggesting that small, consistent efforts can lead to significant positive changes over time. Practical tips are provided to help listeners identify and tackle their own small, detrimental habits, thereby enhancing their resilience and overall well-being.00:00 Introduction: The Biggest Threat to Your Long-Term Health00:42 Welcome and Personal Anecdotes01:17 The Hero's Journey and Health03:32 Facing Life's Challenges05:57 The Danger of Small Threats07:07 Compound Interest and Health09:04 Training for Resilience11:52 Identifying and Eliminating Small Threats15:35 The Power of Small Changes

You've heard of the Dave Ramsey Baby Steps, now let's discuss the FOO aka the Financial Order of Operations. Full credit to Brian & Bo at www.moneyguy.com for the FOO. Spoiler alert: we prefer the FOO over the Baby Steps, but you can't go wrong with either. If you aren't doing one of them, you're missing the boat!

Brotherhood. Community. Jeremiah uses episode 58 to express his extreme gratitude for teams, friendships, and giving back.

This week we're sharing a re-release of a popular episode!   In this episode I am going to go over practical applications and how you can turn $123k of debt into cash flow using compound interest. Sit back, relax, and enjoy learning about how you can implement this into your life with your own debts and expenses.    Thank you for tuning in!    To view a recorded version of our presentation on the Infinite Banking Concept, please visit: https://bit.ly/tmm-podcast-ppt   Registration is LIVE for The Money Multiplier Mastermind event in Denver, CO. For details, please visit: https://bit.ly/lt-mm2025   For other resources: https://linktr.ee/themoneymultiplier    Hannah: https://www.instagram.com/hannah_kesler #TheMoneyMultiplier #FinanceTips #InfiniteBanking   Music Content ID Code: W1PAII3MR9FZFQGY

In this episode, we walk through the 7-question money quiz from FINRA's National Financial Capability Study — the test that reveals what most people don't know about their own money.We're not just going over the correct answers — we're breaking down:o Why each question matterso How it affects your everyday money decisionso What core financial principle it reveals (like interest, inflation, debt, risk, or investing)o How to actually apply it in your real lifeTopics we cover:o Compound interest explained (for saving AND for debt)o How inflation destroys your savingso Mortgages: 15 vs. 30 yearso Bonds vs. interest rateso Diversifying investmentso Understanding risk & probabilitieso And more...Whether you're just starting your financial journey or trying to level up your money knowledge, this episode is your free financial education starter kit.Subscribe to the channel for more empowering content on personal finance, investing, and self-improvement. Don't miss out on the opportunity to unlock your true financial potential and live a life of abundance. It's time to invest in yourself and create the future you deserve!Articles Referenced:- Quiz: ⁠https://money.com/adults-cant-pass-basic-money-quiz/?xid=applenews⁠- Compound Interest: ⁠https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator⁠- Bond Relationship: ⁠https://www.sec.gov/files/ib_interestraterisk.pdf⁠- 15-year vs 30-year Mortgage: ⁠https://www.bankrate.com/mortgages/15-vs-30-year-mortgage/#differences⁠Stock Returns:- SPY: ⁠https://finance.yahoo.com/quote/SPY⁠- INTC: ⁠https://finance.yahoo.com/quote/INTC⁠**Support the Stream By Shopping at Our Store** Buy Your Financial Mirror Gear: ⁠https://www.thefinancialmirror.org/shop ⁠YouTube:⁠ https://www.youtube.com/@thefinancialmirror⁠Rumble: ⁠https://rumble.com/TheFinancialMirror⁠Facebook:⁠ https://www.facebook.com/thefinancialmirr0r⁠X:⁠ https://twitter.com/financialmirr0r⁠Instagram:⁠ https://www.instagram.com/thefinancialmirror/⁠Podcast:⁠ ⁠⁠https://creators.spotify.com/pod/show/thefinancialmirror⁠If you are in need of a Financial Coach, don't waste another day of being in debt, not planning for retirement, or simply wondering where your money went each month. Today is the day to take control of your finances and I can help, no issue is too big or too small. Contact me at ⁠https://www.thefinancialmirror.org/⁠#FinancialLiteracy #PersonalFinance #MoneyTips #FinanceForBeginners #HowMoneyWorks #MoneyQuiz #FinancialEducation #CompoundInterest #DebtFreeJourney #InvestingBasics #FinancialIndependence #MoneyManagement #FinancialPlanning #WealthBuilding #SmartMoney #FinanceTips #MoneyGoals #MoneyMatters #FinanceHacks #FinancialWellness #FinancialIQ #MoneySmarts #TeachMeMoney #Finance101 #FinancialAwareness #MoneyEducation #LearnFinance #MoneySkills #FinancialSavvy #DebtAwareness #SaveMoney #PayOffDebt #EmergencyFund #HighYieldSavings #InvestSmart #BeginnerInvesting #PassiveIncome #RuleOf72 #WealthMindset

What exactly is compounding and why can it be so magical? Allow me to explain! Have a money question? Email us ⁠⁠⁠here⁠⁠⁠ Subscribe to ⁠⁠⁠Jill on Money LIVE⁠⁠⁠ YouTube: ⁠⁠⁠@jillonmoney⁠⁠⁠ Instagram: ⁠⁠⁠@jillonmoney To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Josh Jalinski. He is prominent financial advisor recognized by Forbes as one of 'America's Top Financial Security Professionals' for three consecutive years (2021-2023) and he is the host of The Financial Quarterback radio show. The Financial Quarterback radio show airs Saturdays at 9 AM and 10 AM ET on WOR 710 AM New York, Josh offers live financial guidance, tackling real-time listener questions with his signature blend of expertise and insight. Josh Jalinski. He is the founder and CEO of Jalinski Advisory Group and Wealth Quarterback LLC, is a prominent financial advisor recognized by Forbes as one of 'America's Top Financial Security. Professionals' for three consecutive years (2021-2023). As the host of The Financial Quarterback radio show, airing Saturdays at 9 AM and 10 AM ET on WOR 710 AM New York, Josh offers live financial guidance, tackling real-time listener questions with his signature blend of expertise and insight. Josh also leads The Financial Quarterback Podcast, where he explores modern financial strategies, from retirement planning to cutting-edge economic trends. His book Retirement Reality Check challenges outdated financial wisdom, offering innovative ways to protect and grow wealth. Jalinski Advisory Group, led by Josh Jalinski, provides comprehensive financial advisory services tailored to retirement planning, investment strategies, and wealth management. The firm is dedicated to helping individuals and families secure their financial futures through a holistic approach that covers everything from tax-efficient planning to long-term income strategies. With a focus on personalized advice, Jalinski Advisory Group emphasizes proactive planning to navigate market challenges and ensure clients can achieve their financial goals with confidence. #BEST #STRAW #SHMSSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Josh Jalinski. He is prominent financial advisor recognized by Forbes as one of 'America's Top Financial Security Professionals' for three consecutive years (2021-2023) and he is the host of The Financial Quarterback radio show. The Financial Quarterback radio show airs Saturdays at 9 AM and 10 AM ET on WOR 710 AM New York, Josh offers live financial guidance, tackling real-time listener questions with his signature blend of expertise and insight. Josh Jalinski. He is the founder and CEO of Jalinski Advisory Group and Wealth Quarterback LLC, is a prominent financial advisor recognized by Forbes as one of 'America's Top Financial Security. Professionals' for three consecutive years (2021-2023). As the host of The Financial Quarterback radio show, airing Saturdays at 9 AM and 10 AM ET on WOR 710 AM New York, Josh offers live financial guidance, tackling real-time listener questions with his signature blend of expertise and insight. Josh also leads The Financial Quarterback Podcast, where he explores modern financial strategies, from retirement planning to cutting-edge economic trends. His book Retirement Reality Check challenges outdated financial wisdom, offering innovative ways to protect and grow wealth. Jalinski Advisory Group, led by Josh Jalinski, provides comprehensive financial advisory services tailored to retirement planning, investment strategies, and wealth management. The firm is dedicated to helping individuals and families secure their financial futures through a holistic approach that covers everything from tax-efficient planning to long-term income strategies. With a focus on personalized advice, Jalinski Advisory Group emphasizes proactive planning to navigate market challenges and ensure clients can achieve their financial goals with confidence. #BEST #STRAW #SHMSSee omnystudio.com/listener for privacy information.

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Josh Jalinski. He is prominent financial advisor recognized by Forbes as one of 'America's Top Financial Security Professionals' for three consecutive years (2021-2023) and he is the host of The Financial Quarterback radio show. The Financial Quarterback radio show airs Saturdays at 9 AM and 10 AM ET on WOR 710 AM New York, Josh offers live financial guidance, tackling real-time listener questions with his signature blend of expertise and insight. Josh Jalinski. He is the founder and CEO of Jalinski Advisory Group and Wealth Quarterback LLC, is a prominent financial advisor recognized by Forbes as one of 'America's Top Financial Security. Professionals' for three consecutive years (2021-2023). As the host of The Financial Quarterback radio show, airing Saturdays at 9 AM and 10 AM ET on WOR 710 AM New York, Josh offers live financial guidance, tackling real-time listener questions with his signature blend of expertise and insight. Josh also leads The Financial Quarterback Podcast, where he explores modern financial strategies, from retirement planning to cutting-edge economic trends. His book Retirement Reality Check challenges outdated financial wisdom, offering innovative ways to protect and grow wealth. Jalinski Advisory Group, led by Josh Jalinski, provides comprehensive financial advisory services tailored to retirement planning, investment strategies, and wealth management. The firm is dedicated to helping individuals and families secure their financial futures through a holistic approach that covers everything from tax-efficient planning to long-term income strategies. With a focus on personalized advice, Jalinski Advisory Group emphasizes proactive planning to navigate market challenges and ensure clients can achieve their financial goals with confidence. #BEST #STRAW #SHMSSteve Harvey Morning Show Online: http://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

What do most millionaires have in common? No, it's not a yacht named “Compound Interest.” It's mindset. In this episode, Joe Saul-Sehy and OG kick off Mindset Week by welcoming Sam Dogen, the Financial Samurai himself, to help you start your journey toward a million-dollar net worth—one intentional step at a time. Sam shares why building wealth is less about luck and more about grit, clear goals, and a killer savings rate. He explains why $250,000 is the magic milestone where compounding takes over, why your “why” is more important than your budget, and how a simple house-to-car ratio can reveal whether you're cruising toward financial freedom or stuck in the valet lane. You'll learn: Why your first $250,000 is the hardest (and most critical) How to find your “why” and let it drive your money decisions Why some people crush millionaire goals while others stall out The pros and cons of prioritizing student loan payoff How real estate, entrepreneurship, and mindset play a role in long-term success Plus, Doug delivers trivia about the world's most millionaire-dense country (hint: it's not the U.S.), and Joe announces a live event with Boldin's Steve Chen to help you master retirement planning tools. All that and a wink toward OG's dream car obsession (which definitely didn't come from the after-show... wink wink).

My daughter and daughters-in-law have just launched a meaningful new podcast that dives into what it's like to grow up in, or marry into, a Torah-centered home. They share real stories about living together on a multigenerational family compound, where land, values, and the work of everyday life are shared with purpose and love. They explore family, faith, and the practical joys and challenges of building a life rooted in community and tradition. Follow them now on TikTok, Instagram, and YouTube, and keep an eye out as they roll out on all major podcast platforms! Your support means the world to them!  let's help spread the word! https://linktr.ee/compoundinterestpodcast?utm_source=linktree_profile_share<sid=0187ef69-9d95-4c27-8993-66df532c60c0&fbclid=PAZXh0bgNhZW0CMTEAAafgNJ4e9iTf5pquVrFaPuO73FK6o6mjshDA7sXCbdvuCcil83Vf4wVhCIUL-Q_aem_XqsgihFWwcoQ3cTD0wlAaw   https://www.youtube.com/@CompoundInterestPodcast-girls  

Pastor Kent teaches on Proverbs 1:20-33.

In this episode of Boldin Your Money, host Steve Chen welcomes back Sam Dogen, the Financial Samurai, to discuss his journey from Wall Street to financial independence, and his latest book, Millionaire Milestones. Sam shares hard-earned insights from his early career in finance, the emotional and financial toll of market downturns, and how he transformed a cathartic blog into a thriving income source and community. The conversation explores the power of compounding, the value of real estate in wealth-building, risk tolerance, money mindset, and why aligning financial goals with personal values is crucial. Sam also dives into how AI is shaping the future of content creation and wealth strategy, both as a tool and a hedge. Whether you're starting your financial journey or refining your path to early retirement, this episode offers rich takeaways on how to invest with intention, build passive income, and live a life of purpose and autonomy.

Money stress is everywhere right now — rising interest rates, the cost of living crisis, inflation, layoffs, and a looming recession — we're all feeling it. But the truth is, even in financially prosperous times, money can be a point of shame, anxiety, guilt, and avoidance for a lot of us. Your money history and money story shape your financial security throughout your life — but you can rewrite that story and heal your money mindset.In this episode, we dive deep into the psychology of money and how to heal your relationship with it, so you can stop toxic financial habits, rewire your mindset, and *actually* build long-term wealth.We called back returning guest, Jessica Moorhouse—Accredited Financial Counsellor, bestselling author of Everything but Money, host of the More Money Podcast, and a leading voice on personal finance and emotional literacy in financial wellness.This isn't just another budgeting or investing 101 episode… it's a mindset shift that can set you up for success in your personal finances and your close relationships. Whether you're  struggling with debt or making $250K, this conversation will help you stop self-sabotage, understand your unconscious toxic beliefs, and make an actionable plan toward financial security.Tune in to hear more about:The emotional roots of money anxiety, guilt, shame, envy, and fearUnderstanding the 3 toxic money patterns that keep you stuck (avoidance, money worship, and relationship codependence)The impact of shame and judgment in your financial journey — and how to break that shame cycleHow ADHD and neurodivergence can affect spending, saving, and money organizationHow your attachment style impacts your financial behaviour and the way you deal with money in relationshipsThe #1 mistake most people are making with moneyActionable advice for building wealth if you're in debt or low incomeHow to manage setting up an emergency fund VS paying off debt VS investingHow to recession-proof your financial plan right nowCheck out Jessica's book, Everything but Money.Follow Jessica on Instagram, YouTube, and her website.For advertising and sponsorship inquiries, please contact Frequency Podcast Network. Sign up for our monthly adulting newsletter:teachmehowtoadult.ca/newsletter Follow us on the ‘gram:@teachmehowtoadultmedia@gillian.bernerFollow on TikTok: @teachmehowtoadultSubscribe on YouTube

What if a simple financial principle could revolutionize not just your bank account, but your entire spiritual journey? In this episode of The Purpose City Church Podcast, Pastor Talaat explores "Compound Interest"—a transformative concept that goes beyond dollars and cents. Drawing from the Parable of the Three Servants in Matthew 25, he reveals why God calls us to multiply what we've been given, not just maintain it. Through personal stories, biblical wisdom, and practical steps—like starting small and investing wisely—you'll discover how to grow your finances, time, and talents for God's kingdom. Part of our series No Cap: God's Blueprint for Financial Freedom, this message is a must-listen for anyone ready to break free from stagnation and step into purpose. Tune in and learn how to make your life a masterpiece of multiplication today!

What good are strong finances without good health? Nathaniel Williams joins us in the studio for another episode where discuss the 3 pillars of health: sleep, nutrition, and exercise. We delve into the hypocrisy of modern medicine, a universal approach to nutrition (hint: eliminate processed foods!), and, possibly the most important ingredient to good health: sleep! A slight deviation from our normal personal finance content, we contend that money is useless if you're not healthy enough to enjoy it.

Want to break free from the money hamster wheel and finally achieve Financial Freedom?

Where to begin when you're new to investing? We are getting back-to-basics with some Investing 101 and money psychology in this episode. We'll discuss what first-time self-directed investors need to know to get started on your investing journey and good concepts for all investors to think about in their investing strategy...along with some important jargony terms, defined, so that you don't get overwhelmed. Investing involves risk, but that doesn't mean you should be afraid to learn how to make your money make money! We can all do it. Your knowledge compounds just like your can and so many barriers to entry have already been broken! Things to remember:*Time in the market is better than timing the market. *The stock market hates uncertainty (creates volatility).*Compound interest and dollar cost averaging are great terms to understand that help you invest wisely, well, and often. Reference Episodes:12. How to Invest in the Stock Market (Step-by-Step)2. Understanding the Stock Market9. How to Choose a Brokerage Firm34. Investing Jargon, Demystified10. How to Read a Stock Quote14. How to Analyze a Stock24. Pay Yourself First29. Investment Risk Tolerance56. How to Construct a Portfolio (Asset Allocation) Chapters:00:00 Introduction to Self-Directed Investing03:21 Understanding the Psychology of Money11:47 The Power of Compound Interest15:00 The Power of Compound Interest15:29 Navigating Market Volatility18:49 Wealth vs. Appearances: The Real Story19:58 Understanding Dollar Cost Averaging24:47 Demystifying Investment Jargon----------------------------------------------------------

Albert Einstein famously called compound interest the “eighth wonder of the world”—and for good reason! On this episode of BullCast, we dive into the magic of compounding. But first, we take a historical detour, drawing inspiration from his famous quote to discuss “The New 7 Wonders of the World.” Then, we break down the power of compound interest, how the Rule of 72 can help you estimate your money's growth, and smart strategies to maximize your returns. Whether you love history or finance, this episode is packed with insights to help you make your money work for you! The List: The New 7 Wonders of the World Hashtags: #compoundinterests #alberteinstein #tajmahal #romancolosseum #itstimetoexplore Visit us online: www.bullcastpodcast.com Produced by Cameron Spann | Powered by Pickler Wealth Advisors Sound effects obtained from https://www.zapsplat.com

About the Guest(s):Trevor Houston is the host of the "Who You Know" show. He is known for his focus on bridging the gap between job seekers and their ideal careers. As a financial strategist, Trevor has expertise in investment strategies and retirement planning, dedicating himself to helping others grow their wealth and prepare for the future. Mark Elder is a co-host alongside Trevor Houston on the "Who You Know" show. Mark is experienced in financial planning and career advising, offering practical tips on how to manage finances for retirement. His insights often focus on strategies for achieving financial independence and maximizing retirement savings.Episode Summary:Welcome to this insightful episode of the "Who You Know" show, where hosts Trevor Houston and Mark Elder delve into the powerful strategies for becoming a "401k millionaire." Focusing on financial literacy, they discuss the importance of early and consistent investments in your 401k and shed light on the potential pitfalls to avoid. This episode is a must-listen for anyone aiming to retire comfortably and escape the grind of working into their senior years.The episode outlines five essential steps to becoming a 401k millionaire, including maximizing your company match, understanding your plan's vesting schedule, and the profound impact of time on financial growth. They share eye-opening statistics, 22% of Americans over 65 are still working, underlining the necessity of strategic financial planning to avoid working beyond retirement goals. Trevor and Mark emphasize that, by making informed decisions early, retirees can enjoy financial freedom and stability.Lastly, Trevor and Mark warn against unnecessary withdrawals that come with penalties and taxes, advocating for solid emergency funds as safeguards. They illustrate how setting up automated contributions and incremental increases enables workers to bolster their retirement savings effectively. Whether you're 25 or 55, it's never too late to improve your financial outlook and work towards becoming a 401k millionaire.Resources: Trevor Houston LinkedIn: https://www.linkedin.com/in/trevorhouston/ Mark Elder LinkedIn: https://www.linkedin.com/in/markelder1/ Career Transition Summit: https://event.webinarjam.com/register/67/04404igv  LinkedIn e-book: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://online.flippingbook.com/view/714118097/⁠⁠⁠⁠⁠⁠⁠  ⁠⁠⁠⁠⁠⁠⁠ Subscribe: ⁠⁠⁠⁠⁠⁠⁠⁠https://podcasters.spotify.com/pod/show/who-ya-know-show ⁠⁠⁠⁠⁠⁠⁠⁠ Trevor Houston is a licensed financial professional offering insurance/financial products through various carriers. For more info visit ⁠⁠⁠⁠⁠⁠⁠⁠http://cpwstrategies.comChapters:(0:00) Becoming a 401k Millionaire Through Early and Consistent Strategy  (3:30) Maximizing Employer 401k Matches and Understanding Vesting Schedules  (10:06) The Power of Early Investing and Compound Interest  (18:29) The Importance of Preserving Retirement Funds for Future Security  (22:38) The Importance of Gradual Investment for Financial Beginners  (24:57) Strategies for Building Wealth Through 401k Contributions

In this episode, my guest is Morgan Housel, an expert in private wealth generation and management and author of the bestselling book The Psychology of Money. We discuss how desiring, pursuing, saving, and spending money impact our psychology and perception of wealth. We explore why people tend to either overspend or oversave and examine the most common mistakes made in the pursuit of financial freedom. Additionally, we discuss how to best use money — and one's relationship with it — as a tool to create psychological security, freedom, and a deeper sense of life purpose. We also delve into the impact of purchases, social media, and wealth signaling on our internal reward circuits, the dangers of using money as a gauge of career progress or self-worth, and the healthiest psychological stances to adopt while building wealth at any level. By the end of the episode, listeners will have gained numerous practical tools for making smarter financial decisions and should have a clearer understanding of the role money plays in their psychology, happiness, and life. Access the full show notes for this episode at hubermanlab.com. Pre-order Andrew's new book, Protocols: protocolsbook.com Thank you to our sponsors AG1: https://drinkag1.com/huberman Wealthfront**: https://wealthfront.com/huberman BetterHelp: https://betterhelp.com/huberman ROKA: https://roka.com/huberman Function: https://functionhealth.com/huberman **This experience may not be representative of the experience of other clients of Wealthfront, and there is no guarantee that all clients will have similar experiences. Cash Account is offered by Wealthfront Brokerage LLC, Member Finra/SIPC. Promo terms and FDIC coverage conditions apply. Same-day withdrawal or instant payment transfers may be limited by destination institutions, daily transaction caps, and by participating entities such as Wells Fargo, the RTP® Network, and FedNow® Service. New Cash Account deposits are subject to a 2-4 day holding period before becoming available for transfer. Timestamps 00:00:00 Morgan Housel 00:02:13 Sponsors: Wealthfront & BetterHelp 00:05:11 Spending Habits & Cynicism 00:08:44 Tool: Money & Future Regrets 00:16:07 Money Management Extremes; Credit & Hope 00:23:17 Money as a Tool, Happiness, Independence & Purpose 00:27:30 Sponsors: AG1 & ROKA 00:30:11 Unstructured Time; Independence, Identify & Money; Addiction 00:39:04 Longevity, Health & Money 00:47:42 Ambition, Social Media, Fame & Social Debt 00:53:37 Sponsor: Function 00:55:24 Resume Virtues vs. Eulogy Virtues 00:57:52 Compound Interest, Math vs. Behavior 01:01:42 Dopamine & Time, Marshmallow Test & Distraction 01:09:58 Motivation, Pleasure; Relationships 01:14:38 Freedom, Tool: Savings & Independence 01:19:06 Peak-End Rule, Autonomy & Independence; Elder vs. Elderly 01:24:07 Familial Wealth & Identity; Entrepreneurs 01:31:53 Life Purpose; Dogs; Social & Historical Comparison 01:39:58 Social Comparison & Geography, Angst 01:46:07 Carrot vs. Stick, Identity, Tool: Verb States & Energy 01:56:43 Envy & Spending Money; Wealth & Birth Rates 02:01:27 Tools: Parent Modeling; Resentment, Individual Goals 02:07:15 Purpose, Happiness & Money 02:13:05 Zero-Cost Support, YouTube, Spotify & Apple Follow & Reviews, Sponsors, YouTube Feedback, Protocols Book, Social Media, Neural Network Newsletter Disclaimer & Disclosures

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Josh Jalinski.  He is prominent financial advisor recognized by Forbes as one of 'America's Top Financial Security Professionals' for three consecutive years (2021-2023) and he is the host of The Financial Quarterback radio show.    The Financial Quarterback radio show airs Saturdays at 9 AM and 10 AM ET on WOR 710 AM New York, Josh offers live financial guidance, tackling real-time listener questions with his signature blend of expertise and insight.  Josh Jalinski.  He is the founder and CEO of Jalinski Advisory Group and Wealth Quarterback LLC, is a prominent financial advisor recognized by Forbes as one of 'America's Top Financial Security Professionals' for three consecutive years (2021-2023). As the host of The Financial Quarterback radio show, airing Saturdays at 9 AM and 10 AM ET on WOR 710 AM New York, Josh offers live financial guidance, tackling real-time listener questions with his signature blend of expertise and insight. Josh also leads The Financial Quarterback Podcast, where he explores modern financial strategies, from retirement planning to cutting-edge economic trends. His book Retirement Reality Check challenges outdated financial wisdom, offering innovative ways to protect and grow wealth. Jalinski Advisory Group, led by Josh Jalinski, provides comprehensive financial advisory services tailored to retirement planning, investment strategies, and wealth management. The firm is dedicated to helping individuals and families secure their financial futures through a holistic approach that covers everything from tax-efficient planning to long-term income strategies. With a focus on personalized advice, Jalinski Advisory Group emphasizes proactive planning to navigate market challenges and ensure clients can achieve their financial goals with confidence. #BEST #STRAW #SHMSSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Josh Jalinski.  He is prominent financial advisor recognized by Forbes as one of 'America's Top Financial Security Professionals' for three consecutive years (2021-2023) and he is the host of The Financial Quarterback radio show.    The Financial Quarterback radio show airs Saturdays at 9 AM and 10 AM ET on WOR 710 AM New York, Josh offers live financial guidance, tackling real-time listener questions with his signature blend of expertise and insight.  Josh Jalinski.  He is the founder and CEO of Jalinski Advisory Group and Wealth Quarterback LLC, is a prominent financial advisor recognized by Forbes as one of 'America's Top Financial Security Professionals' for three consecutive years (2021-2023). As the host of The Financial Quarterback radio show, airing Saturdays at 9 AM and 10 AM ET on WOR 710 AM New York, Josh offers live financial guidance, tackling real-time listener questions with his signature blend of expertise and insight. Josh also leads The Financial Quarterback Podcast, where he explores modern financial strategies, from retirement planning to cutting-edge economic trends. His book Retirement Reality Check challenges outdated financial wisdom, offering innovative ways to protect and grow wealth. Jalinski Advisory Group, led by Josh Jalinski, provides comprehensive financial advisory services tailored to retirement planning, investment strategies, and wealth management. The firm is dedicated to helping individuals and families secure their financial futures through a holistic approach that covers everything from tax-efficient planning to long-term income strategies. With a focus on personalized advice, Jalinski Advisory Group emphasizes proactive planning to navigate market challenges and ensure clients can achieve their financial goals with confidence. #BEST #STRAW #SHMSSee omnystudio.com/listener for privacy information.