Podcasts about discretionary

Today's guest is Ben Carlson of Ritholtz Wealth Management, author of A Wealth of Common Sense and host of the Animal Spirits podcast. In today's episode, Ben unpacks the counterintuitive math behind long term investing. He reveals that picking the wrong asset every year still makes money, that the average up year tops 20%, and that stocks grow less volatile than bonds the longer you hold. To close, Ben explains why patience has never been harder. (0:00) Starts (2:05) Ben Carlson on the secret to investing (5:00) The worst investor ever (15:20) Tax management as new alpha (17:12) Inflation's impact on asset classes (21:06) "Now do Japan" (33:02) Lessons from bear markets (41:54) Discretionary investing challenges (46:31) Poor performance of hyperactive traders ----- Sponsor: ⁠⁠Ivy Invest⁠ ⁠- To learn more about Ivy Invest's SEC-registered endowment-style fund, view the prospectus, and learn how to invest, visit⁠ ⁠ivyinvest.co/fund ----- Follow Meb on X, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Follow The Idea Farm: X | LinkedIn | Instagram | TikTok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.  ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here!  ----- Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Learn more about your ad choices. Visit megaphone.fm/adchoices

Two Spring Camps Per Year? June OTAs? FBS Proposes Additional Offseason Practice PeriodCollege football's calendar could be changing again.Tony Gerdeman and Tom Orr discuss a new FBS proposal that would reshape the offseason practice schedule beginning in 2027, including two separate offseason practice periods, fewer fall camp practices, a shorter transfer portal window, expanded off-campus recruiting access, and possible real-time replay video access for coaches during games.They break down what the changes could mean for Ohio State, how a June OTA-style practice period could work, why coaches may like spreading out instruction, and how these proposals continue to move college football closer to an NFL-style calendar.00:00 — Intro00:34 — Proposed changes to the college football calendar01:42 — How two offseason practice periods could work03:23 — Discretionary weeks, OTAs, and June practices06:06 — Questions about the details of the proposal06:35 — Trading fall camp practices for more offseason work08:52 — Transfer portal window could shrink08:56 — How the new portal window could affect playoff teams10:38 — Why June OTAs could help summer enrollees11:57 — Expanded off-campus recruiting access13:08 — How Ohio State could use more staffers on the road14:18 — Real-time replay video access for coaches15:59 — Experimental replay rules and what comes next16:55 — Final thoughts and viewer remindersWhat do you think of the idea of two offseason practice periods? Would this help college football, or is it just another step toward the sport becoming the NFL? Drop your thoughts in the comments.Subscribe to Buckeye Weekly for daily Ohio State football talk, recruiting coverage, analysis, and more.

In this episode, Market Wizards author Jack Schwager reveals the common traits shared by some of the most successful traders he's ever interviewed—from a volunteer firefighter with virtually no losing months to a former musician who turned $40,000 into half a billion dollars. Discover why money management, mentorship, relentless research, and obsession with improvement consistently separate elite traders from the crowd. https://tradingnut.com/jack-schwager - Jack's Links

Send us Fan MailIn this episode, join Tim Gerdeman, Vice Chair & Co-Founder and Chief Marketing Officer at WTR, and Peter Gastreich, Managing Director - Energy Transition and Sustainable Investing, as they dive into WTR's Initiation of Coverage report for ClearSign Technologies (NASDAQ: CLIR). ClearSign is an industrial combustion innovator addressing a non-discretionary regulatory driver: NOx emissions compliance. Discover how ClearSign's burner technology tackles both NOx pathways at a fraction of conventional costs, the regulatory cycle expanding from California to Texas and beyond, its manufacturing partnership with Zeeco, and the growing addressable market across refining and ethylene. Peter also shares WTR's financial forecasts for CLIR, including its path to its first annual net profit and rapid scaling beyond. 

It was a pleasure to welcome Colin Lancaster, Global Co-Head of Discretionary Macro and Fixed Income at Schonfeld Strategic Advisors, back to the Alpha Exchange. Our discussion focuses on the evolution of the multi-manager model, portfolio construction, and the challenges of navigating today's macro environment.   Colin discusses the importance of systems, data, and risk infrastructure, and why scale has increasingly become a competitive advantage. We explore how firms differentiate themselves through strategy mix, geographic focus, and organizational culture, even as the industry has converged around a similar set of core investment disciplines.   A further theme throughout the discussion is talent. Colin outlines his approach to identifying and underwriting portfolio managers, emphasizing self-awareness, intellectual honesty, resilience, and the ability to articulate a sustainable edge. He also discusses the growing importance of managing correlations across strategies, particularly during periods of market stress.   Lastly, we turn to the macro backdrop, including inflation persistence, sovereign bond markets, central bank policy, and the changing role of liquidity in financial markets. Colin shares views on crowding, leverage, and the risks associated with concentrated positioning across increasingly interconnected markets.   I hope you enjoy this episode of the Alpha Exchange, my conversation with Colin Lancaster.

Key Takeaways: Think of Budgeting Like Plumbing: Money needs a clear path to flow through your financial life. A good budget helps make sure bills, savings, and investments are all working together smoothly. Use Separate Accounts for Different Purposes: Keeping money in separate accounts for fixed expenses, spending, savings, and investments makes it easier to stay organized and avoid overspending. Build Emergency and Tax Funds: Having dedicated accounts for emergencies and taxes helps you handle unexpected costs without disrupting your other financial goals. Automate Good Financial Habits: Automatic transfers to savings, investments, and other accounts make it easier to stay consistent and build wealth over time. Stay Aware of Your Finances: Even when your finances are automated, regularly reviewing your accounts helps you stay informed, catch problems early, and make better decisions.   Chapters: Timestamp Summary   0:00 Budgeting and Financial Systems as Plumbing for Your Money 1:15 Managing Finances by Separating Fixed and Discretionary Expenses 3:43 Managing Finances with Fixed, Discretionary, and Emergency Accounts 5:11 Planning for Taxes by Allocating Funds Monthly 5:49 Rethinking Emergency Funds and Financial Security Strategies 7:40 Balancing Automation and Awareness in Financial Planning Powered by ReiffMartin CPA and Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Discretionary effort is the gap between what people have to give and what they choose to give. Research consistently shows that most leaders are leaving 20–30% of their team's capacity on the table — not because of skill shortages, but because of environment.In this episode, we draw on six of the world's most influential thinkers on leadership and performance to give you a practical, layered framework for unlocking the effort your team already has inside them.The question isn't how to push people harder. It's how to create the conditions where they choose to give more.I've practised all of these myself, in low-functioning teams, and can personally attest to the spectacular rise that's possible when you are deliberate about applying them.The Six-Layer Discretionary Effort StackLayer/Thinker: The Question to Ask YourselfPositivity/Shawn Achor:Am I creating an environment where people feel good?Clear Direction/Greg McKeown: Do people know exactly what matters most?Strengths/Dan Sullivan: Is everyone working in their Unique Ability?Safety/Timothy R. Clark: Can people speak up without fear?Purpose/Simon Sinek: Do people know why their work matters?Right People/Jim Collins: Are the right people in the right seats?Ask Dex AI Coach for leadership strategy e.g. "My team are underperforming - how can I find out why?" https://app.coachvox.ai/share/DexRandallSubscribe for more leadership and burnout recovery insights →  https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7393784577229709312-----------------------------------  Resources:Leadership Performance without Burnout https://go.dexrandall.com/leadershipDex AI Coach https://app.coachvox.ai/share/dexrandallConfidential. Expert. Free. Your Leadership Performance Partner.For even more TIPS see FACEBOOK: @coachdexrandallINSTAGRAM: @coachdexrandallLINKEDIN: @coachdexrandallYOUTUBE: @dexburnoutcoachSee https://linktr.ee/coachdexrandall for all links

BONUS: Why a Former Chess Champion Thinks Your Leadership Is Stuck in the Opening Game John Whitt spent 30 years managing billion-dollar construction portfolios in corporate America — sleeping five or six nights a week in hotel beds, traveling the country, winning at someone else's game. Then he walked away. In this episode, he breaks down what chess taught him about business phases, why generosity outperforms hustle in the long run, and how the "pause factor" keeps leaders from burning out while scaling their impact. From Corporate Construction to Coaching — The Move That Changed Everything "I spent 5, sometimes 6 nights a week, sleeping in a hotel bed, traveling around the country, and it really wasn't good for my sanity, it wasn't good for my family. And then the company decided to move from Southern California to Dallas, and so that was like the — I'm not going to Dallas move, and it's time to start something else."   John's corporate career was successful by every external measure — managing $500 million construction portfolios at companies like CB Richard Ellis. But the lifestyle was hollowing him out. He'd been thinking about leaving for a while when the relocation to Dallas forced his hand. Through behavioral assessment work, he discovered coaching was where his strengths naturally pointed — it had been his primary leadership style all along. In 2010, he invested in a Focal Point coaching franchise, which gave him the tools and training without having to reinvent the wheel. Combined with 30 years of corporate relationships, it was enough to launch. His reflection on the transition is simple: "The cool thing about coaching is that we're just helping people." The Chess Game of Business — Opening, Middle, and End "The way the chess game is played at the higher levels has influenced my way of thinking essentially for the rest of my life. The opening is where you're getting started — startup business, takes a lot of hustle, a lot of energy. But then the transition happens to the middle game, where you have to think a lot more strategically, and tactically with the right move in the right order, because the wrong order will not get you the results you're looking for."   John played in the United States Chess Championships in 1976, and the framework stuck. He maps business growth to three chess phases: the opening (startup hustle, high energy, you do everything), the middle game (strategic delegation, building systems, hiring people with an ownership mindset), and the end game (transitioning assets and resources to serve the life you actually want). The danger zone is the opening-to-middle transition. Founders and leaders get trapped being the go-to person for everything — solving everyone else's problems during business hours and doing their own work after hours and on weekends. The middle game demands a different skill: learning to operate on the business instead of always in it. And it can't happen overnight — you have to prioritize what to change, in what order, or it gets jumbled up. Accomplishing Goals Through Others — The Magic of Discretionary Effort "The magic is accomplishing goals through other people, because when you do that, you're going to do big things. As an individual, you can only do so much. There's only so many hours in a day."   John keeps coming back to one idea: if you're doing it all yourself, your impact is capped at 24 hours. The real unlock is getting other people to give their discretionary effort — that extra gear where someone stays 20 minutes longer because they care, or thinks about the project at home because they're genuinely excited. Discretionary effort isn't something you can demand. It comes from inspiration. John frames it through WIIFM — "What's In It For Me?" — everybody's favorite radio station. Leaders who skip that question get compliance. Leaders who answer it get mountains moved.   The flip side is equally important: many leaders have never been on a high-performing team, so they don't know what they're missing. They accept compliance as normal. Others are smart and capable but lack the relationship skills to inspire. John's point is clear: leadership through inspiration is a learnable skill, not an innate trait. Generosity as Strategy — Time, Talent, and Treasure "Generosity always — I mean, this is unequivocal — always gives you better long-term results. If you plan to be generous, if you say this is who I am and I will do the work that's necessary to be generous, then you will always get better long-term results."   John's 4-Facet LifeShine Generosity Process puts generosity at the center of leadership — an unusual move in a world that defaults to performance metrics and execution frameworks. His argument is that generosity isn't soft. It's strategic. The framework starts with unique identity (who are you?), then moves through three dimensions: time, talent, and treasure. Most people think generosity means writing a check. John says time and talent are far more powerful. A leader who invests the time to communicate vision and inspire the team is being generous — and that generosity compounds into better team performance, stronger relationships, and less burnout over time.   The risk, though, is over-giving. Agile coaches and scrum masters who tie their identity to the work are especially vulnerable — they give so generously at work that they burn out when results don't match expectations. That's where the plan matters: define the life you want, build the business or career to serve that life, and stay disciplined about boundaries. The Pause Factor — How Leaders Protect Their Thinking "You gotta learn to say pause. That's a great idea, I understand what you're saying, we need to spend a little more time on that — so let me schedule some time later. Because right now, if I spend all that time, it's not going to get my best thinking, it's not going to get my best response."   People bring problems to leaders constantly — personal problems, business problems, urgent and not-urgent mixed together. The instinct is to solve immediately. John teaches leaders the "pause factor": acknowledge the importance of what someone brings you, then schedule dedicated time to address it properly. This isn't avoidance — it's quality control for your own thinking. When you're distracted and rushed, you give worse answers. When you pause, you also create space to ask: is this mine to solve, or does it belong to someone on my team?   John extends this to how teams bring problems: train people to come with clarity — here's the problem, here's the challenge, here's some potential solutions. That way the leader can triage effectively in a short time instead of getting pulled into an unstructured conversation that eats an hour. About John Whitt John Whitt is a leadership strategist with 30+ years of business transformation experience, from managing $500 million construction portfolios at companies like CB Richard Ellis to coaching small business owners. He's the author of Checkmate!: Winning Tactics for Translating Ideas Into Money and creator of the Whole Life Leadership experience.   You can link with John Whitt on LinkedIn.  

Canada Strong Fund vs. Sovereign Wealth Funds: Why Borrowing to Invest at Home Could BackfireHosts Josh Sheluk and Colin White discuss the proposed Canada Wealth/Canada Strong Fund and argue it differs materially from traditional sovereign wealth funds. They explain sovereign wealth funds originated as a response to “Dutch disease,” using commodity windfalls to build large funds (e.g., Norway's) that invest outside the country to diversify and stabilize the domestic economy and currency. By contrast, they say Canada would start with about $25B in borrowed money, likely invest domestically, and overlap with existing vehicles like the Canada Infrastructure Bank and Canada Growth Fund without clear details on governance, cost of capital, returns, or liquidity. They warn government investing can become politically driven, may crowd out private capital, and fear a retail component with capital guarantees would shift risk to taxpayers and repeat past failures like labour-sponsored venture capital funds. Their current verdict is “no.”00:00 Sovereign Wealth Hype00:21 Show Intro and Setup01:26 What Sovereign Wealth Means02:44 Dutch Disease Origins05:03 Norway Model Explained06:59 Canada Strong Fund Basics08:46 Where Will It Invest10:35 Domestic Focus and Diversification11:38 Government Investing Risks14:04 Retail Investor Idea Alarm16:38 EV Subsidies as Warning19:26 What Government Should Do21:09 Labor Fund Cautionary Tale23:04 Guarantees and Liquidity Problems31:06 Best Case vs Worst Case33:43 Verdict and Wrap Up35:17 Disclaimers and Credits

Host: Nadia Cameron, Publisher | Editor – Marketing The Iconic CMO, Joanna Robinson, describes commercial marketers as “customer obsessed, commercially disciplined, always data-informed and strategically curious”. Former Naked Wines CEO and Unilever marketing leader, Paul Connell, says it’s about being highly accountable, “and also being someone who’s in for the business outside of their lane”. And TPG CMO, Bec Darley adds another all-important word to the list: Profit. “This is we know how much of the net cash that’s falling to the bottom line. Is it a term you’d expect a commercial marketer to have? Absolutely. Is it one we see a lot of? No … If marketing is truly to be seriously among our c-suite and board, understanding profit has to be part of the language of the commercial marketer,” Darley argues. There’s absolutely no doubt marketing leaders are being asked to be more accountable for commercial outcomes. Yet they continue to carry a ball and chain around their ankles: Marketing as discretionary spend on the P&L, and the first thing to be cut when times are tight. So how do you successfully reframe marketing as revenue, not cost, and ensure you’re fiscally responsible while pursuing the growth game? These three marketing luminaries joined us on the mics for an exploration of the strategies – formal and informal – they’ve pursued to embed an expansive mentality around marketing that beats those tired perceptions of marketing and brand investment as a lag on the balance sheet. From getting to the heart of unit economics, and truly understanding what creates value inside a business, to balancing the logic of brand – increasingly possible through tools like MMM and tech – with the magic and behavioural psychology informing why marketers do what they do, through to inviting CFOs and CEO into the pitch to see the power of creativity, these three provide a wealth of insight into how marketers win over stakeholders. We also explore key tenets of meeting the leadership team and board on their terms, from the language required to connect, to problem solving, plus tactics for structuring teams and capability to make the most of cross-functional ways of working.See omnystudio.com/listener for privacy information.

The Japanese Trade Union Confederation, the largest umbrella organization for labor unions in the country, urged the government on Monday not to loosen rules governing discretionary work arrangements.

The federal budget just blindsided every property investor in Australia. CGT discount gone. Negative gearing gutted. Discretionary trusts under fire. And pre-1985 properties no longer untouchable. Mish Daniel and Samantha Riley cut through the noise in real time and map out what just changed, what shelter still exists, and what to do before July 2027 closes the window for good. This one is urgent. 01:06 - The budget changes nobody was ready for and why the full damage is worse than the headlines suggest03:31 - Why removing negative gearing from existing stock makes the rental crisis dramatically worse, not better05:19 - The CGT overhaul explained and why no property in your portfolio is as protected as you thought09:58 - Discretionary trusts are now in the crosshairs and here is what that costs you on your bottom line13:03 - The tax concessions that survived the budget and the four pillars that could still legally shield your returns15:40 - Your pre-July 2027 action plan and the one financial tool that just became your greatest asset#AustralianPropertyInvestor #CommercialProperty #CGTChanges #PropertyTax #NegativeGearing #FederalBudget2025 #CommercialRealEstate #PropertyInvestmentAustralia #TaxStrategy #CapitalGainsTax #InvestmentProperty #PropertyPortfolio #AustralianBudget #WealthBuilding #CommercialPropertyInvesting #PropertyWealth #TaxPlanning #RealEstateAustralia #SmallBusinessAustralia #FinancialFreedomSHOW CREATED BY REVOLVE COMMERCIAL PROPERTY PODCASTHOSTED BY: Mish DanielPh: +61 401 313 573Website: ⁠www.revolvecommercial.com.au  ⁠Email: ⁠sales@revolvecommercial.com.au  ⁠YouTube: ⁠@mishdaniel-revolvecommercial⁠LinkedIn: ⁠www.linkedin.com/in/michelline-daniel-commercial⁠Facebook: ⁠www.facebook.com/revolvecommercial⁠Facebook Group: Revolve Commercial Group - ⁠www.facebook.com/groups/revolvecommercial⁠Instagram: ⁠@revolve.commercial⁠TikTok: ⁠@revolvecommercial⁠★ Free Tools & Resources for Commercial Property InvestorsGot questions about commercial real estate? Mish has answers.★ #Ask Mish Anything about CRE. Send your questions to: https://revolvecommercia.kartra.com/page/ama★ Unlock the Secrets of Commercial Property Due Diligence with our Exclusive Book!Check out the book here: https://revolvecommercia.kartra.com/page/ddbookUse Code: DD100 to get the book for free★ Book a call with Revolve Commercial: https://revolvecommercial.com.au/book-a-call/

Prediction Markets: Why They're Gambling, Not InvestingHosts Josh Sheluk and Colin White of Verecan Capital Management discuss the rise of prediction markets (e.g., Polymarket, Kalshi, and a planned Wealthsimple product in Canada) following regulatory approvals, and argue people should avoid them. They frame the episode as a “draft of bad ideas,” led by the claim that participants will likely lose money, citing research on 1.4 million users and $20B in transactions showing profits are concentrated (1% earning ~80% of profits) and losses can be extreme (0.1% accounting for 43% of losses). They warn prediction markets are prone to manipulation and insider-information advantages, give examples of odds moving ahead of events, and criticize regulators' rationale that people will do it anyway. They emphasize these products blur investing and gambling, siphon money from long-term investing, and are gamified to drive activity. Click here to view the episode transcript. 00:00 Wild Prediction Market Hook00:12 Show Intro and Today's Topic00:55 Why Prediction Markets Are Exploding03:17 Regulators Open the Door05:02 Draft Pick One You'll Lose Money08:52 Draft Pick Two Manipulation and Insider Info14:13 Draft Pick Three Gambling Not Investing17:07 Money Drain and Social Harm19:02 You Don't Need This to Hedge22:03 Gamification and Worst Case Losses23:32 What Prediction Markets Actually Are27:34 Where This Is Headed and Final Thoughts30:40 Sponsor Message and Contact Info31:22 Legal Disclaimer and Wrap Up

In this episode, host David Hamilton breaks down the recent 2026-2027 federal budget from a property perspective to see who are the winners,, losers and how we can use it to our advantage as property investors!Fact sheet for Discretionary trusts 30% minimum tax https://budget.gov.au/content/factsheets/download/tax-explainers-minimum-tax-discretionary-trusts.pdfFact sheet for Negative Gearing and Capital Gainshttps://budget.gov.au/content/factsheets/download/tax-explainers-negative-gearing-capital-gains-tax.pdfLooking to invest in property yourself? Why not join a team of 9 experts who have experience across 35,000 property transactions over a combined 135 years in the field. We've put together the Property Investment Course for people who want to learn how to buy and build a portfolio, without paying $25k for buyers agents. To learn more, checkout:www.everythingproperty.auFacebook: http://facebook.com/everythingproperty.auInstagram: http://www.instagram.com/everythingpropertyLinkedIn: http://linkedin.com/everythingpropertyDisclaimer: The topics, conversation, opinions and discussion provided in this episode  are general in nature. As a listener you should not take or use the information discussed as financial advice. Everything Property and its associates recommend that you always engage in independent financial advice before making any investment or purchasing decision.

Is a 20% tip excessive? Gordon Ramsay's been criticised after one of his restaurants applied the hefty ' discretionary service charge' to seasonal menus. Peter spoke to NI's top restaurant critic, Joris Minne Hosted on Acast. See acast.com/privacy for more information.

AI-Powered Misinformation and Financial Scams: Fake Opportunity, Authority, and UrgencyHosts Josh Sheluk and Colin White of Barenaked Money welcome back misinformation researcher and author Matthew Facciani (Misguided) to discuss current misinformation trends, especially how AI scales personalized scams across social media, email, and increasingly convincing audio deepfake phone calls. Facciani outlines three common scam patterns—fake opportunity, fake authority, and fake urgency—and shares examples of AI-tailored job-offer and book-club scams that quickly pivot to small fees. He recommends habits and tools to reduce risk: pause and reflect before reacting emotionally, avoid clicking links, verify credentials via official sources, use lateral reading to check independent coverage and digital footprints, and leverage tools like reverse image search, the Wayback Machine, and URL checks. The conversation also covers identity and network overlap as drivers of bias, plus Facciani's interactive tools for mapping identity complexity and social network diversity.Click here to view the episode transcript. Links: Matthew Facciani's newsletter: https://matthewfacciani.substack.com/Matthew's Identity Map Tool: https://matthewfacciani.github.io/identity-map/Matthew's Post on Verecan's Blog:  Don't Get Fooled Out of Your Money: A Fact-Checker's Guide for Every Kind of Investor 00:00 AI Scam Wake Up00:11 Meet The Misinformation Expert01:25 State Of Misinformation Now03:23 Financial Scams Three Buckets05:35 Deepfakes Voice And Text06:48 Personalized Job Offer Scam11:18 Spotting Scams Daily Habits13:48 Book Club Flattery Trap17:54 Predatory Conferences Gray Lines20:49 Verify Claims With Lateral Reading25:20 Identity Bias Map26:41 Overlapping Identities Risk28:46 Complexity Score Tool30:29 Network Diversity Shield34:29 Echo Chambers Everywhere35:34 Privacy And Metrics36:34 Critical Ignoring Chatbot40:21 Making It A Business41:41 Contrarian Matching Ideas44:48 Where To Find Everything47:16 Contact Info And Disclosures47:16 Financial Advisor Disclaimer

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Most financial advice is built around a default life plan — and it quietly breaks down when you've opted out of that script. Cory Smith is a fee-only financial life planner and founder of Discretionary Inc. in Reno, Nevada, where he works exclusively with childfree individuals, couples, and business owners who want their finances to support the life they actually want — not the one they were expected to want.In this episode, we get into his core concept of discretion: the freedom to determine your own best course of action. We talk about what changes in planning when there are no assumed heirs, why longevity and support structures deserve more attention in this space, and how he works backward from a client's vision to build a financial framework around it.Cory also shares the path that shaped his philosophy — from commission-driven environments and door knocking at Edward Jones to the fee-only model — and how he integrates George Kinder's Real Life Planning process into a modern client experience, including a concurrent planning approach that delivers early wins while the deeper work unfolds.We also cover what's working in his business today: partnerships, community building, and using short-form and long-form content to reach people who are quietly rewriting the rules.If you're interested in values-based planning and building a life on your own terms, this one's worth your time.Cory's Social and Websitehttps://www.linkedin.com/in/dincwithcory/https://www.discretionaryinc.com/

Frank Feiler, a seasoned business intermediary with over 40 years of experience, shares insights on business valuation, deal structuring, and the nuances of buying and selling businesses. This episode covers how to accurately assess a business's worth, the importance of good records, and emerging opportunities in business brokerage.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true 'white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a "mini-mastermind" with Mike and his private clients on an upcoming "Retreat", either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas "Big H Ranch"? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

Our U.S. Thematic and Equity Strategist Michelle Weaver breaks down the results of a new survey on U.S. consumer spending and confidence.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Michelle Weaver, Morgan Stanley's U.S. Thematic and Equity Strategist. Today, we're bringing you an update on the U.S. consumer as we try and understand the outlook for the economy.It's Thursday, April 9, at 10 AM in New York.You've probably noticed shopping these days feels like a mixed bag. You spend money on your everyday staples like groceries, personal care or clothes. But you might be second-guessing those big ticket items like a new piece of furniture or a new TV. And you're not alone. Our newest AlphaWise survey of U.S. consumers reveals a pretty mixed signal. On the surface, things look solid. Consumers are still spending. We've seen that borne out in some of the recent economic data. And our survey work reveals around 34 percent expect to spend more next month, compared to just 15 percent who expect to spend less. That leaves us with a net spending outlook of +18 percent, which is actually above the long-term average. But when we start to dig in and look beneath the surface, the story shifts. Confidence is deteriorating. Nearly half of consumers expect the economy to get worse over the next six months, while only 32 percent expect an improvement. This results in a net outlook of -17 percent, a meaningful drop from what we saw last month. So how do we reconcile that? That spending with that deterioration in confidence. It's really a balance of timelines. Consumers are spending today, but they're increasingly worried about tomorrow. And these worries are grounded in very real concerns. Inflation remains the dominant issue, with 57 percent of consumers citing rising prices as a key concern – reversing what had been a fairly short-lived improvement on consumers' view on prices. At the same time, of course, with the tensions in the Middle East, geopolitical concerns are increasing quickly. They've jumped to 33 percent from 22 percent just last month. And concerns around the U.S. political environment remain elevated at 43 percent. When you combine all these pressures, it's not surprising that consumers are becoming more cautious in how they plan to spend. We're also seeing that caution show up in the mix of expenditures. In the near term, consumers are still increasing spending across most categories – especially the essentials like groceries, gasoline, and household items. But when we look over a longer horizon, the outlook becomes more selective. Discretionary categories are weakening. Apparel spending expectations have dropped to -16 percent, domestic travel to -11 percent, and international travel to -14 percent. That shift – from discretionary to essentials – is something we tend to see when consumers are bracing for a more uncertain environment. Now, one factor that's supporting the near-term – a brighter spot here – is tax season. This year, 46 percent of consumers expect to receive a larger tax refund compared to last year. And what's interesting about that is where people are going to put the money. About half of consumers plan to save at least a portion of the refund. About a third plan to pay down debt. And only around 30 percent intend to spend it on everyday purchases. So even when people receive a cash boost, the instinct isn't to spend freely. It's to shore up finances. Putting it all together, the picture of the U.S. consumer today is one of resilience but also rising caution. Spending is holding up in the near term, supported by income and tax refunds. But confidence is weakening, savings behavior is increasing, and discretionary demand is softening. These divergent trends are important. We'll continue to watch them closely and bring you updates.Thanks for listening. If you enjoy the show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

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Step 4 of the 10-part military finance essentials series. Spencer and Jamie explain how to create a realistic budget focusing on "the four walls": food, utilities, shelter, and transportation. Learn which budgeting tools work best, why tracking spending matters, and how to avoid the biggest financial trap in the military—buying too much car. Create a Realistic Budget Focus on the Four Walls first: Food Utilities Shelter (rent/housing) Transportation Then track: Other necessary expenses Discretionary spending Where money is actually going Recommended Apps: Monarch Money - $100/year (Spencer's current choice, replaced Mint.com) YNAB (You Need A Budget) - $109/year (Jamie's choice) Google Sheets or Excel - Free (works fine for beginners) Pen and paper - Free (better than nothing) Cash Envelope Method Key Points Military Advantages: Housing usually covered (BAH or base housing) Food access (DFAC for single members) Should be "almost zero situations" where four walls are an issue This frees up money for other goals Biggest Trap: Buying Too Much Car What to Look For The Goal: Align spending with your values—spend on what matters, cut what doesn't Important Reminders Budget = A Plan Not restrictive, just intentional Know what's coming in, what's going out Ensures you're being efficient with money Credit Cards Are NOT the Solution Don't solve overspending with credit cards Credit cards are great tools (right time, right place) Not for covering expenses you can't afford Not for living beyond your means If You're Behind: Focus on four walls FIRST Pay rent, utilities, food, transportation Everything else comes after Create safe, stable environment so you can focus on work/mission Resources Episode 48: Four Ways to Budget a Military Paycheck (deep dive) Monarch Money: monarchmoney.com YNAB: youneedabudget.com Military Money Manual Book: Full budgeting strategies   Spencer and Jamie offer one-on-one Military Money Mentor sessions. Get your personal military money and personal finance questions answered in a confidential coaching call. militarymoneymanual.com/mentor Over 22,000 military servicemembers and military spouses have graduated from the 100% free, Ultimate Military Credit Cards Course available at militarymoneymanual.com/umc3 In the Ultimate Military Credit Cards Course, you can learn how to apply for the most premium credit cards and get special military protections, such as waived annual fees, on elite cards like The Platinum Card® from American Express and the Chase Sapphire Reserve® Card. https://militarymoneymanual.com/amex-platinum-military/ https://militarymoneymanual.com/chase-sapphire-reserve-military/ Military Money Manual may receive compensation from JPMC. Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain. Learn how active duty military, military spouses, and Guard and Reserves on 30+ day active orders can get your annual fees waived on premium credit cards in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3 If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual.

Send us fan responses! Most people live their entire financial lives inside a public trust system without realizing it. We draw the map, showing how Social Security, birth certificates, and everyday signatures place you in a structure where you're a beneficiary, the state holds legal title, and adhesion contracts set the terms. Then we walk you step-by-step into private capacity: how to use layered LLCs, a holding company in a strong charging order state, a 508(c)(1)(A) ministry trust, and a private family foundation to reduce liability, protect assets, and plan for legacy.We break down the non-grantor, irrevocable, complex, discretionary spendthrift trust and why each feature matters. You'll learn the roles inside a trust—from trustee to protector and proxy—plus how to avoid co-mingling and maintain arm's-length control. We also explain how a governing instrument can classify income, allocate capital gains to corpus, and, when aligned with local law, take advantage of IRS 643(b) for extraordinary dividends and capital gains exclusion at the trust level. The goal isn't tax evasion; it's lawful tax avoidance through structure, compliance, and clarity.Along the way, we connect the dots between identity and commerce: why your name functions like a business in the public, how to operate with EINs instead of SSNs, and how to open accounts and run contracts without collapsing privacy. We highlight practical moves—register agents, proper operating agreements, and beneficiary alignment through a foundation—to make one tax return work across multiple LLCs while minimizing exposure. If you've wondered how private families preserve wealth and autonomy across generations, this is the blueprint: own nothing, control everything, and let well-drafted instruments carry the weight.If this helped clarify your path to the private side, follow the show, share this episode with a friend building their structure, and leave a review with the next topic you want us to unpack.https://donkilam.com FOLLOW THE YELLOW BRICK ROAD - DON KILAMGO GET HIS BOOK ON AMAZON NOW! https://open.spotify.com/track/5QOUWyNahqcWvQ4WQAvwjj?autoplay=trueSupport the showhttps://donkilam.com

Think for a moment about how you spend the majority of your day—working, attending school, raising children, running errands… Now, how do you spend the time that remains? Have you set aside time for the Lord each day? In this message, Jill encourages us to be intentional in connecting with God in all that we do and to make each moment count for Him. To support this ministry financially, visit: https://www.oneplace.com/donate/1141/29?v=20251111

Today, Chelsea has some strong opinions on discretionary tips, whilst James has brought a new game to the podcast - get ready to join in at home! They also chat about comedy cruises, Airbnb revelations, and a familiar holiday nightmare...Hosted on Acast. See acast.com/privacy for more information.Download SAILY in your app store and use our code PASSPORTS at checkout to get an exclusive 15% off your first purchase! For further details go to https://saily.com/passportsplease Hosted on Acast. See acast.com/privacy for more information.

Most teams are capable of far more than they are currently giving, but the gap is rarely about effort or attitude. Dr. Stephen and Dr. Pete break down why discretionary energy is the true driver of performance and how leaders unintentionally suppress it by failing to connect people to the business model. When team members understand how their daily work influences revenue, profit, and opportunity, alignment replaces compliance and energy rises naturally. By shifting focus from motivation to measurement, leaders gain a clear framework for evaluating managers, strengthening team capacity, and creating sustainable growth without burnout.In This Episode You Will:Identify where discretionary energy is being lost inside the teamRecognize which people metrics reveal leadership effectivenessSee how manager performance shows up through team resultsEvaluate when team capacity is approaching a breaking pointApply clearer financial alignment to increase focus and engagement Episode Highlights01:33 - Discretionary energy is introduced as the hidden gear inside every team member that leadership either activates through alignment or suppresses through misalignment.02:19 - Financial alignment is framed as the missing link between daily responsibilities, revenue, profit, and why team members should care about business performance.03:17 - The four requirements of a world-class team are clarified as right people, right seats, right work, done the right way.04:46 - Employee stickmo begins, revealing how long A players actually stay and how turnover often exposes management or cultural breakdowns.06:38 - Employee net promoter score is introduced as a leadership diagnostic measuring whether team members would enthusiastically refer others to work in the organization.09:39 - Internal patient referrals from staff are positioned as a real-time indicator of engagement, belief, and cultural buy-in.12:22 - Direct report goals completed is identified as the most powerful KPI for evaluating manager effectiveness and team performance.13:26 - The 80 percent goal completion standard is defined as the benchmark for healthy management and accountability.14:43 - Labor cost begins as a COO-owned metric directly tied to profitability, cost of services delivered, and operational stewardship.17:03 - Revenue per employee is introduced as the key indicator for identifying $250,000 growth breakpoints before capacity strain causes the business to stall or break. Resources MentionedLearn more about the TRP Remarkable Business Immersion March 6 - 7, 2026 in Phoenix, AZ and March 20 - 21, 2026 in Brisbane, AUS - https://theremarkablepractice.com/upcoming-events/  To learn more about the REM CEO Program, please visit:  http://www.theremarkablepractice.com/rem-ceoBook a Strategy Session with Dr. Pete - https://go.oncehub.com/PodcastPCPrefer to watch? Catch the podcast on YouTube at: https://www.youtube.com/@TheRemarkablePractice1To listen to more episodes, visit https://theremarkablepractice.com/podcast or follow on your favorite podcast app.

Episode Summary Auditing your expenses can dramatically improve financial awareness, helping you identify money leaks and understand your true living costs. In this episode, the hosts present a structured four-step framework aimed at facilitating regular expense audits, which ideally should be conducted annually. The discussion includes practical strategies for tracking subscriptions, variable expenses, and distinguishing between required and discretionary spending. By adopting a calculated approach to expenses, you can effectively mitigate lifestyle creep while ensuring every dollar serves a purpose. Key Tactical Takeaways Conduct an Annual Expense Audit: Establish a routine to review expenses at least once a year to stay on top of spending habits and identify areas for improvement. Categorize Every Expense: Break down expenditures into necessary (fixed costs) and discretionary (variable costs) categories for clearer insights. Use a Value Matrix: Assess expenses based on their joy and necessity to inform which should be retained, reduced, or eliminated. Track Subscriptions and Variable Costs: Pay attention to recurring payments, particularly those related to entertainment and services like streaming or software. Calculate the Long-Term Impact of Small Savings: Remember that cutting small monthly expenses can significantly affect your financial independence number over time. Core Rules & Formulas Rule Explanation Annual Expense Audit Review all expenses once a year to prevent overspending and identify leaks. Categorization of Expenses Differentiate between Required (fixed) and Discretionary (variable) expenses. Value Matrix Implementation Organize spending into High Joy/ Low Joy and Essential/ Eliminate quadrants. Prioritize Necessary Expenses Always account for essential bills, including utilities, groceries, and housing costs. Evaluate Impact of Expenses Each $100 cut from monthly expenses reduces your FI number by $30,000 and if invested can generate $60,000 over time (20-year horizon). Tools, Accounts, or Strategies Mentioned Tool/Strategy Link/Description Expense Audit Spreadsheet Download here     Value Matrix Framework Framework for analyzing the necessity and joy of expenses. Resources & References ChooseFI Episode 009: Travel Rewards Framework Expense Audit Spreadsheet: Download What To Do Next Join the Expense Audit Challenge: Participate in the community challenge to gain insights and support while auditing your finances. Download Your Bank and Credit Card Statements: Begin your audit by gathering statements from the last few months. Categorize Your Expenses: Use the expense audit spreadsheet to identify necessary vs. discretionary spending. Reflect on Your Findings: After auditing, identify any hidden expenses or subscriptions that can be cut, and share insights with the community at choosefi.com/login. Conducting an Effective Expense Audit: A Step-by-Step Guide Understanding the Expense Audit Definition: An expense audit is a systematic review of your expenditures to identify unnecessary spending and money leaks. Goal: The aim is to clarify how much your life actually costs. Importance of Regular Expense Audits Frequency: Conduct an expense audit at least once a year to keep track of spending habits. Long-term Tracking: Monitor for lifestyle creep, which can happen gradually and affect your financial health over time. Action Steps to Begin Your Expense Audit Gather Financial Data: Download your recent bank and credit card statements (last 3 to 4 months). Check statements for variances and patterns in spending. Categorize Your Expenses: Separate them into categories such as housing, transportation, food, entertainment, and miscellaneous. Include all necessary and discretionary expenditures. Identifying Money Leaks Subscription Services: Track all recurring subscriptions and evaluate their necessity. Variable vs. Fixed Expenses: Distinguish between fixed permissible expenses (mortgage, insurance) and variable spendings (dining out, entertainment) to identify areas for improvement. Implementing a Value Matrix Categorization: Create a value matrix to differentiate between: High Joy (essential to happiness) Low Joy (non-essential) Essential (required for daily living) Eliminate (unnecessary expenses) Analyze Each Category: Assess each item in terms of value and joy to decide if it should remain in your budget.

In this episode of Honest Money,  Warren Ingram and Pieter de Villers address audience questions related to personal finance, focusing on pension contributions and estate planning. They discuss the implications of diversifying investments across multiple funds and the importance of simplicity in financial strategies. The conversation also delves into the complexities of estate planning, particularly regarding how discretionary investments are treated upon death and the best practices for ensuring financial security for dependents.TakeawaysPersonal finance should be approached with simplicity and clarity.Diversifying across too many funds can lead to over-concentration and unnecessary complexity.It's essential to understand the implications of investment strategies on long-term growth.Estate planning is crucial, especially for individuals with dependents.Retirement funds fall outside of estate duty, providing tax advantages.Discretionary investments can be subject to estate duty, so planning is necessary.Nominating guardians for minor children is an important aspect of estate planning.Trusts can be a useful tool for managing assets for minors.Understanding the tax implications of different investment vehicles is vital.Asking the right questions about finances is a sign of good financial health.Learn more about how Curate Investments can help you here.Send a textHave a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod

Quint and Logan talk through making retirement savings decisions if your company has a discretionary match. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

**New Video Alert! Most buyers rely on the seller's discretionary earnings or EBITDA to decide what a business is worth. That's a mistake. In this episode, I use a real-life story from my own home to explain why depreciation, equipment replacement, and capital expenditures can quietly drain your cash flow after you buy a business. If you're buying a business or preparing to sell one, this is something you need to understand before money changes hands. Watch the video here: https://youtu.be/NvFvNoN-PiE Cheers See you over on YouTube David C Barnett **** - Join David's email list so you never miss any new videos or important information or insights, RECEIVE 7 FREE GIFTS!!- https://www.DavidCBarnettList.com **** Special Xero offer: Get 90% off for 6 months using this link: https://referrals.xero.com/DavidCBarnett_xero. Terms & Conditions apply.* Find more content that answers your questions with my new AI BOT: https://www.davidcbarnettbot.com/ Enjoy HUGE savings when signing up for Xero cloud-based accounting software using David's sponsorship link: https://referrals.xero.com/DavidCBarnett_xero Do Business with David using these incredible internet links... - David's Blog where you can find hundreds of free videos and articles, https://www.DavidCBarnett.com - Book a call with David and let him help you with your project, https://www.CallDavidCBarnett.com - Learn how to buy a successful and profitable business in a risk-controlled way https://www.BusinessBuyerAdvantage.com - Get help selling your business, https://www.HowToSellMyOwnBusiness.com - Get better organized in your business, https://www.EasySmallBizSystems.com - Learn to make better cash flow forecasts and write incredibly effective business plans from scratch!, https://www.BizPlanSchool.com - Learn to build an equity asset with insurance! visit https://www.NewBankingSolution.com

Today, we are joined by Rob Carver to unpack one of the most volatile weeks seen in commodity markets in years. The conversation centers on silver's sharp rise and sudden collapse, using it as a case study in volatility targeting, liquidity risk, and disciplined position sizing. From Freaky Friday to broader dislocations across assets, they examine why systematic risk management matters when markets move faster than narratives. The discussion expands into diversification, correlation assumptions, alternative markets, and new research on trend portfolio construction, offering a grounded reminder that survival often matters more than precision.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Rob on Twitter.Episode TimeStamps:00:00 - Introduction to the Systematic Investor Series03:56 - Freaky Friday in precious metals04:29 - How Rob trades silver in a volatility adjusted framework10:25 - When volatility forces position reduction12:38 - Liquidity myths in hot commodity markets16:25 - Risk management lessons from silver's collapse22:28 - Dislocations across assets beyond metals24:54 - Fed chair speculation and muted market reactions31:33 - Discretionary versus systematic decision making34:03 - Trend barometer and market breadth update37:34 - Estimating portfolio correlation from PnL41:18 - Correlation versus volatility predictability45:13 - MAN Group paper...

Trusts are often described as “bulletproof” in divorce—but that assumption can be misleading. In this episode of Divorce at Altitude, co-host Ryan Kalamaya is joined by associate attorney Makenzie Ralston to discuss how discretionary trusts are treated in a Colorado divorce.Ryan and McKenzie explain when a trust may truly be protected, when it can be considered property, and when it may still affect property division, spousal maintenance, or child support—even if it is not divisible. Using common divorce scenarios and Colorado case law, they break down how trust language, trustee discretion, and distribution history can dramatically impact divorce outcomes.Guest Information: McKenzie RalstonMcKenzie Ralston is an associate attorney at Kalamaya | Goscha with a background in estate planning and tax law. She earned her law degree and Master of Laws in Taxation from the University of Denver Sturm College of Law and focuses on the intersection of trusts, estate planning, and domestic relations.Episode OutlineWhat Is a Discretionary Trust?An overview of trust roles—settlor, trustee, and beneficiary—and how discretionary distribution standards such as health, education, maintenance, and support operate.Revocable vs. Irrevocable TrustsWhy revocable trusts generally are not property interests for beneficiaries, how irrevocable trusts differ, and when a trust may become relevant in divorce proceedings.Colorado Case Law on TrustsA discussion of In re Marriage of Jones and In re Marriage of Balanson, and how courts analyze enforceable rights versus discretionary interests.Economic Circumstances vs. PropertyHow a trust may not be property—but still influence property division as an economic circumstance in a divorce.Trustee Control and Distribution PatternsWhy consistent distributions, beneficiary control, and trustee appointment powers can undermine claims that a trust is fully discretionary.Trust Distributions as IncomeHow regular and dependable trust distributions may be included as gross income for spousal maintenance and child support calculations.Drafting Trusts With Divorce in MindHow thoughtful trust drafting—spendthrift provisions, independent trustees, divorce-triggered protections, and prenuptial requirements—can provWhat is Divorce at Altitude? Ryan Kalamaya and Amy Goscha provide tips and recommendations on issues related to divorce, separation, and co-parenting in Colorado. Ryan and Amy are the founding partners of an innovative and ambitious law firm, Kalamaya | Goscha, that pushes the boundaries to discover new frontiers in family law, personal injuries, and criminal defense in Colorado. To subscribe to Divorce at Altitude, click here and select your favorite podcast player. To subscribe to Kalamaya | Goscha's YouTube channel where many of the episodes will be posted as videos, click here. If you have additional questions or would like to speak to one of our attorneys, give us a call at 970-429-5784 or email us at info@kalamaya.law. ************************************************************************ DISCLAIMER: THE COMMENTARY AND OPINIONS ON THIS PODCAST IS FOR ENTERTAINMENT AND INFORMATIONAL PURPOSES AND NOT FOR THE PURPOSE OF PROVIDING LEGAL ADVICE. CONTACT AN ATTORNEY IN YOUR STATE OR AREA TO OBTAIN LEGAL ADVICE ON ANY OF THESE ISSUES.

A school safety policy existed. It was ignored. A student lost an eye. So why did immunity apply? In this clip, Craig T. Jones explains why appellate courts often classify educator decisions as discretionary, shielding individuals from liability even when written safety policies are not enforced. This conversation highlights one of the most controversial aspects of governmental immunity in Georgia and why it matters for students and families.

In this episode, we break down: The real difference between discretionary and systems-based trading. Why copying trading strategies destroys confidence and execution. Why backtesting isn't about data—it's about belief. And whether beginners should start mechanical or discretionarySupport the show by leaving a rating or review.Your Trading Coach - Akil

In this episode of The Finest Unfiltered, we break down internal NYPD promotion data and a 2018 NYPD-commissioned study by Columbia Business School that raises serious questions about whether NYPD promotions are truly merit-based. The data shows a more than four-year difference in promotion timelines from Captain to Deputy Inspector based on race and gender. Asian male captains waited the longest on average, while other groups were promoted significantly faster disparities the NYPD has never clearly explained. Discussed is an NYPD-commissioned study, promotion data, and a former Chief's own words, which raises serious questions about merit, race, and discretion inside NYPD promotions. We break down the evidence. This episode is data-driven, source-based, and focused on process, accountability, and transparency not politics. *If you have ever felt you were wrongfully passed over for a discretionary promotion in the NYPD you are going to want to tune in. ️ New to streaming or looking to level up? Check out StreamYard and get $10 discount! https://streamyard.com/pal/d/5689366474915840 Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A Hospital Room Reminder About What Really Matters When Bruce recorded this episode, I was in the hospital. He carried the podcast solo while I was headed into yet another surgery connected to pregnancy complications—a storyline some of you know has been part of our family's journey for years. https://www.youtube.com/live/Fbq412_k_mU That day was a harsh reminder: life is fragile, the future is never guaranteed, and your family's financial stability cannot depend on “hoping it all works out.” It has to be built on purpose. And that's exactly what cash flow vs accumulation is really about: not numbers on a statement, but whether the people you love will be equipped, protected, and provided for—no matter what happens to you. A Hospital Room Reminder About What Really MattersWhy Cash Flow vs Accumulation Matters More Than a NumberWhy Cash Flow vs Accumulation: How to Build Multigenerational Wealth Matters NowWhat Is the Difference Between Cash Flow and Accumulation Investing?How to Shift from Accumulation to Cash Flow in Personal FinanceHow to Manage Cash Flow Like a Business in Your Personal FinancesHow to Create a Personal Cash Flow Strategy That Supports Your LifeCash Flow vs Accumulation: How to Build Multigenerational Wealth in PracticeBest Cash Flowing Assets for Families and Business OwnersShould You Use a HELOC to Fund Life Insurance Premiums and Cash Flow Investments?From a Pile of Money to a Living Financial SystemGo Deeper With the Full Cash Flow vs Accumulation EpisodeFAQ – Cash Flow vs Accumulation and Multigenerational WealthWhat is the difference between cash flow and accumulation investing?How can I shift from accumulation to cash flow in my personal finances?How do I create a personal cash flow strategy that supports my lifestyle?What are the best cash flowing assets for families and business owners?How can focusing on cash flow vs accumulation help build multigenerational wealth? Why Cash Flow vs Accumulation Matters More Than a Number Most financial conversations revolve around a number. “How much do I need to retire?”“What should my net worth be at this age?”“What's my freedom number?” Those questions all assume one thing: that a bigger pile of assets automatically equals security. But it doesn't. A big balance that doesn't produce reliable cash flow can disappear quickly. You start selling assets, paying taxes, and hoping the market cooperates. That's not peace of mind. That's pressure. In this article, I want to walk you through a different way of thinking: cash flow vs accumulation and how to build multigenerational wealth with a system instead of a guess. You'll see: What is the difference between cash flow and accumulation investing in real life How to shift from accumulation to cash flow in your personal finances How to manage cash flow like a business in your personal economy The role of cash flowing assets, Infinite Banking, and trusts in building multigenerational wealth How Secure Act 2.0 and current tax rules affect inherited accounts and cash flow My goal is not to make you feel behind, but to help you feel equipped. You can design a personal cash flow strategy that supports your lifestyle now and continues to bless your family long after you're gone. Why Cash Flow vs Accumulation: How to Build Multigenerational Wealth Matters Now At the simplest level, accumulation is about growing a balance; cash flow is about growing an income stream. Most people are taught the accumulation mindset from day one. Work hard, spend less than you make, and stash the difference in a 401(k), IRA, or brokerage account. You watch the balance grow over time and hope it's enough. Cash flow asks a different set of questions. Instead of “How much do I have?” it asks, “What is this money doing? How much sustainable income does it produce? How easily can my family access it? And how long will it last?” Accumulation is about mass; cash flow is about motion. Mass can look impressive on paper. Motion is what pays the bills, funds opportunities, and supports your heirs without forcing them to sell assets at the worst possible time. When you start thinking this way, your focus shifts from chasing the biggest number to designing the strongest system. What Is the Difference Between Cash Flow and Accumulation Investing? Let's make this practical. Accumulation investing looks like this: your paycheck comes in, your bills go out, and whatever is left—if anything—gets swept into a savings account, retirement plan, or investment account. You might reinvest dividends automatically, but you're mostly watching the line go up and down on a graph and hoping the long-term trend is favorable. Cash flow investing is more intentional. You still earn income, still pay expenses, but you do one crucial thing differently: you give that surplus a job. Instead of leaving it to drift, you send it into assets that are designed to pay you on a regular basis. That might be a rental property, a share in a business, a private lending fund, a dividend-paying stock portfolio, or a policy loan strategy built on whole life insurance. The key is that these assets put money back into your personal economy as a dependable stream, not just a fluctuating account value. Accumulation is “I hope this is enough someday.”Cash flow is “I know what this produces every month, and I can plan around it.” How to Shift from Accumulation to Cash Flow in Personal Finance The shift doesn't happen with one dramatic move; it happens through a series of decisions. The first step is awareness. You need to see your personal economy the way a CFO sees a business. That means tracking not just your balance, but your flow. How much truly comes in? Where exactly does it go? What is the consistent surplus? Once you know the surplus, you can stop letting it evaporate. This is where Bruce's idea of a Wealth Coordination Account becomes powerful. Instead of leaving extra money in the same checking account that pays your groceries and subscriptions, you move it to a separate, dedicated account. That account becomes the home base for your cash flow strategy. It's where you hold cash temporarily while you decide: do we pay down a debt that's draining us? Do we fund a life insurance premium that will expand our long-term options? Do we step into a strategic rental, a business partnership, or a dividend-focused portfolio? Shifting from accumulation to cash flow is less about wild new investments and more about refusing to let surplus be accidental. You become intentional about directing it toward assets that feed you back. How to Manage Cash Flow Like a Business in Your Personal Finances Bruce shared a simple but powerful idea: Run your personal economy the way a healthy business runs its economy. A good business watches: Revenue in Expenses out Profit (cash flow) How quickly profit is redeployed to either increase revenue or decrease expenses You can do the same at home. Track your cash flow clearlyDon't just “check your balance.” Know exactly what's coming in, what's going out, and what's left. Increase income where you canSide business, consulting, a raise, better pricing in your current business—anything that adds more revenue to your personal economy. Decrease unnecessary expensesLook at both:Discretionary spending (the “nice to haves”) Non-discretionary spending (insurance, utilities, groceries) where you can shop, renegotiate, or restructure. Capture the surplus in a separate “Wealth Coordination Account”This is something Bruce and I teach often:Create a separate account for excess cash flowDon't let it disappear into your normal spending Use this account to fund your cash flow strategy, pay premiums, and invest in new opportunities This is the heart of cash flow planning—directing every dollar on purpose. How to Create a Personal Cash Flow Strategy That Supports Your Life A personal cash flow strategy isn't just a budget. It's a design for how money moves through your life: Income sources W-2 income Business income Rental income Dividends and distributions Core expenses Lifestyle (home, food, transportation, education) Taxes Debt payments Surplus (profit) This is what flows into your Wealth Coordination Account Redeployment planYou decide in advance: What percentage goes to debt reduction What percentage goes to cash flowing assets What percentage goes to premiums on your whole life policies What percentage stays liquid for opportunities This is how you manage your cash flow instead of reacting to it. Over time, this system builds stability for you and creates a foundation for multigenerational wealth planning. Cash Flow vs Accumulation: How to Build Multigenerational Wealth in Practice So how do we make cash flow vs accumulation truly multigenerational? Bruce and his wife use a simple repeatable framework: Cash flowing assets (businesses, rentals, funds) send income into a Wealth Coordination Account. That account pays premiums for permanent life insurance policies. As cash value grows, they borrow against policies to purchase more cash flowing investments. The new cash flow goes back to: Repay policy loans Rebuild the Wealth Coordination Account Fund additional opportunities Rinse and repeat. On the legacy side: Trusts are structured so that death benefits and cash flowing assets pass in an organized, tax-aware way to nieces, nephews, and charities. The trust language gives guidance and guardrails for how the next generation should use policy loans, pay them back, and take out new policies on their own lives and their children's lives. This is how building generational wealth with cash flow becomes a repeatable family system, not just a one-time event.

Lucas Downey tells investors to brace for a "rough year" in 2026. Historical data he compiled shows points to underperformance in mid-term years compared to the prior year. He believes value stocks and sectors in banks and consumer discretionary will outperform others in 2026. Lucas offers tactical portfolio shifts for investors ahead of expected volatility. ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

In this season 5 episode of First Look ETF, Stephanie Stanton ‪@etfguide‬ examines the latest ETF marketplace trends with NYSE and guests. The guest lineup for this episode includes:1. Maital Legum, NYSE2. Chris Wilson, CFA, Head of Product & Strategy for Voya IM3. Sriram Reddy, Head of Client Portfolio Management, Discretionary, Man Group4. Wayne Plewniak, Managing Director and Head of Gabelli Fixed Income*********First Look ETF is sponsored by the New York Stock ExchangeLearn more at https://www.ETFCentral.comWatch us on YouTube (Link http://www.youtube.com/etfguide)Follow us on Twitter @ETFguide (Link https://twitter.com/etfguide)Visit us at ETFguide.com (https://www.etfguide.com)

In this episode of Retire With Style, Alex Murguia and Wade Pfau explore core themes in retirement planning, including the 4 percent rule, sequence of returns risk, and how to balance discretionary and essential spending. They discuss how these factors shape retirement income strategies, the role of reliable income sources, and when a rising equity glide path can be beneficial. The conversation highlights why retirees may need a more flexible and adaptive approach rather than relying on traditional rules of thumb.   Takeaways The 4% rule is not a constant and can vary based on market conditions. Sequence of return risk is a real concern but may be overstated for average investors. Discretionary spending in retirement should be carefully planned to avoid future regrets. Variable spending strategies can help manage sequence risk effectively. Reliable income sources are crucial for covering essential expenses in retirement. Investors should consider the implications of longevity risk on their withdrawal strategies. The rising equity glide path can be a useful strategy for managing investment risk in retirement. Dividend income should not be the sole focus for retirement income planning. The retirement planning community often relies on outdated paradigms that may not serve current needs. Education on retirement income strategies should start early, even in high school. Chapters 00:00 Introduction to Retirement Planning Themes 06:11 Understanding the 4% Rule and Withdrawal Strategies 12:03 Exploring Sequence of Return Risk 17:59 Discretionary vs. Essential Spending in Retirement 24:13 The Role of Dividend Income in Retirement 30:06 Rising Equity Glide Path Strategies 36:04 The Shift from Traditional Drawdown Paradigms   Links    Explore the New RetireWithStyle.com! We've launched a brand-new home for the podcast! Visit RetireWithStyle.com to catch up on all our latest episodes, explore topics by category, and send us your questions or ideas for future episodes. If there's something you've been wondering about retirement, we want to hear it! The Retirement Planning Guidebook: 2nd Edition has just been updated for 2025! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by Retirement Researcher https://retirementresearcher.com/. Download their free eBook, 8 Tips to Becoming A Retirement Income Investor at retirementresearcher.com/8tips

Discretion is a skill—one most traders never truly develop. Today we unpack how to improve it, how to stay consistent, and how to use judgment without turning your trading into guesswork.Your Trading Coach - Akil

Filip and Pedro unpack mechanical vs discretionary trading in 2026, breaking down how each method has evolved and what traders must understand to win in 2026. If you want to stay ahead as technology changes how markets move, you can't miss this.

Frances Stacy considers Expedia's (EXPE) earnings very strong in the current economic environment. She and many other investors were surprised to see the company beat Airbnb (ABNB) and Booking (BKNG) in room reservations. With travel spending appearing to remain robust, Frances is confident that a "reckoning" in discretionary spending will not happen in the near-term. Tom White offers an example options trade for Expedia.======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

In this week's episode of the Rich Habits Podcast, Robert Croak and Austin Hankwitz answer your questions!---

In part 2 of our 3-part series on discretionary trading, Akil Stokes breaks down the real differences between discretionary and systematic trading and reveals the powerful hybrid approach he has used successfully for 15+ years. Learn why many traders get stuck forcing trades, how to harness structure without losing flexibility, and the exact mindset needed to finally gain consistency.

Save 10% on CSE Exam Prep here: https://www.blackspectacles.com/cse-pricing. In this episode of CSE Live, Black Spectacles hosts a mock exam on the California Supplemental Exam focused on Schematic Design & Discretionary Approval! Timestamps: 4:12 - Question No. 1 7:53 - Question No. 2 11:11 - Question No. 3 16:34 - Question No. 4 19:38 - Question No. 5 See previous episodes or register for the next CSE Live at https://www.blackspectacles.com/podcast/cse-live

You track your steps. Maybe even your calories. But do you know what it really costs to live each month?Your personal cost of living is one of the most important numbers in your financial life. Without it, you may be spending in ways that don't reflect your values—or your faith. Let's explore why this number matters, how to calculate it, and how it ties into faithful stewardship.The Basics of StewardshipNo matter your income level or stage of life, the same principles apply. There are five things you can do with money:Earn itLive on itGive it awayOwe it to othersGrow it through saving and investingToday, we're focusing on “living on it”—what it really takes to cover your day-to-day needs. And remember: it's not just rent and groceries. A true cost of living includes less frequent expenses too—insurance premiums, car repairs, or even Christmas gifts.Why Tracking MattersInflation may be slowing, but most of us are still paying more than before. The government reports a national “cost of living,” but that number doesn't reflect your personal circumstances. That's why tracking your own cost of living is crucial—it provides clarity, and clarity is the foundation of stewardship.A practical tool for this is the FaithFi app, which helps you track your income, giving, saving, and spending—all in one place. Here's where to start:1. Begin with GivingFor believers, giving isn't just another line item. It's the first priority—an act of worship and trust in God's provision.2. Add Savings GoalsWhether building an emergency fund, saving for retirement, or preparing for a large expense, set targets you can track monthly.3. List Your ExpensesExpenses fall into three categories:Fixed: Rent, mortgage, insurance, subscriptions.Variable: Groceries, gas, utilities.Irregular: Property taxes, holiday gifts, car repairs. Spread these out by assigning a monthly average.When you add it all up, you'll have a clear picture of your total monthly needs—your true cost of living.If your expenses exceed your income, don't panic. The process reveals problem areas so you can adjust—cutting back on non-essentials, reevaluating fixed costs, or pausing discretionary spending. Stewardship isn't about guilt—it's about faithfulness.Proverbs 27:23–24 says, “Know well the condition of your flocks, and give attention to your herds, for riches do not last forever.” In modern terms: know your financial condition and manage it wisely.Living With Clarity and FaithTracking your cost of living isn't just a budgeting exercise. It's about living intentionally, aligning every dollar with God's purposes. Needs will shift, life will happen, but clarity allows you to walk with confidence, generosity, and purpose.That's why I encourage you to download the FaithFi app today. With FaithFi Pro, you'll gain access to tools, articles, Bible studies, and daily encouragement to help you manage money with wisdom. Find it at FaithFi.com or in your app store.So, do you know your personal cost of living? If not, there's no better time to find out.On Today's Program, Rob Answers Listener Questions:I'm 67 and single. Should I start taking Social Security now, or wait until age 70 for the larger benefit? I'm also worried about whether Social Security will even be around in the future. On top of that, I worked many years for a nonprofit that provided housing, so my reported income was low. Now I'm earning more—will that help increase my Social Security amount?I'm retired and already drawing Social Security, but I also have earned income from pastoring two rural churches. With that income, am I allowed to contribute to a Roth IRA or another type of retirement account?My husband and I don't have much debt besides our mortgage and a 0% interest loan we used for a heat pump. Should we pay off the heat pump early, add more to our emergency fund, or focus on paying down the mortgage?My online savings account was compromised, and someone tried to transfer money out. What steps can I take to protect myself when using online accounts? And do you recommend using a password keeper?Resources Mentioned:Faithful Steward: FaithFi's New Quarterly Magazine (Become a FaithFi Partner)1Password | LastPassWisdom Over Wealth: 12 Lessons from Ecclesiastes on MoneyLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

Preview: Lancaster County. Colleague Jim McTeague comments on the mixed hesitancy to spend discretionary money of the well to do. More later. 1912

Chris's SummaryJim and I continue discussing funding discretionary spending in Robert Merton's three bucket retirement income framework from last week's article, focusing on how his flexible and aspirational spending categories compare with our philosophy. We explore why annuities are insurance products, where TIPS fit into income planning, and why funding Go-Go years demands liquidity and […] The post Funding Discretionary Spending: EDU #2533 appeared first on The Retirement and IRA Show.

The timeline of Aaron Sorkin's THE NEWSROOM is getting further and further into the 2012 presidential election... so it only makes sense that Season 2 Episode 6 ("One Step Too Many") is the horniest episode yet! We catch up on some shocking developments in the "Genoa tip," and find out the true meaning of "discretionary time." PATREON-EXCLUSIVE EPISODE - https://www.patreon.com/posts/640-time-part-16-134860722