Podcasts about Expense

Most people misunderstand whole life insurance because they look at it as a product instead of a system. In this Practical Wealth Study Group, Curtis May breaks down the Four Stages of Whole Life Insurance, also known inside the Money4Life Blueprint as the Private Reserve Strategy. This is not about chasing rates of return. This is about control, liquidity, certainty, and building a personal economy where your money keeps working inside your system instead of constantly leaving to banks, lenders, credit cards, and financial institutions. Curtis walks through the Money4Life Framework: Earn it. Bank it. Borrow it. Spend it. Repay it. Repeat. You'll learn how whole life insurance can function as a foundational asset, why premium should be viewed as a capital flow instead of an expense, and how families and business owners can begin using their policies to recapture debt, build liquidity, and eventually finance opportunities. This conversation covers: Why whole life insurance is not an investment account The economic value of certainty The crisis of financial control Why liquidity matters more than rate of return How to calculate your burn rate Why you must capitalize before you invest The difference between being a saver, wealth builder, business banker, and infinite banker How to stop giving interest away to strangers Why banking is a process of becoming, not a product you buy The goal is not just to own a policy. The goal is to become the banker. Visit PracticalWealth.net to take the Financial Freedom Assessment and learn more about the Money4Life Blueprint. 00:00 – Welcome to Practical Wealth Study Group 00:19 – The Four Stages of Whole Life and IBC 01:00 – Whole Life Is Not an Investment Account 01:45 – The Economic Value of Certainty 02:30 – Whole Life as a Foundational Asset 03:10 – The Money4Life Framework: Earn It, Bank It, Borrow It 04:20 – Why Banking Means Control of Capital 05:30 – The Crisis of Control 06:15 – Stop Giving Away the Banking Function  07:00 – The Maturity Matrix: Where Do You Stand? 08:00 – Stage 1: The Saver 09:20 – You Can't Invest Until You Capitalize 10:30 – Contract Wealth vs. Statement Wealth  11:45 – Stage 2: The Wealth Builder 12:45 – Premium Is Not an Expense 13:45 – Freedom From Debt to Others 14:40 – Your Burn Rate and Liquidity Number 15:50 – Debt-to-Capital: Bringing Debt In-House 17:00 – The Difference Between Chaos and Opportunity  18:00 – Stage 3: The Business Banker 19:00 – Money as Inventory  20:00 – Financing Opportunities Through Your System  21:00 – Stage 4: The Infinite Banker 22:00 – Closing the Financial Loop  23:00 – Banking Is Not a Product 23:30 – Immediate Action Plan

Expense records show a government minister spent almost $17,000 in airport parking fees over two years. Credit card records show between February 2024 and February 2026 Karen Chhour parked her vehicle at Auckland airport for a combined eight and a half months. That cost taxpayers $16,686. The figures were revealed alongside other MPs spending habits. Former Minister Peter Dunne spoke to Lisa Owen to give more context.

What happens when the drive that helped you build your success becomes the very thing that pushes you toward burnout? Many entrepreneurs pride themselves on powering through exhaustion, stress, and overwhelm. But eventually, the body sends signals that can no longer be ignored. In this episode, Rachel sits down with Dr. Anna Cabeca, a triple board-certified OB/GYN, bestselling author, hormone expert, and founder of a thriving wellness company. Dr. Anna shares how personal loss, infertility, burnout, and financial hardship led her to completely rethink health, performance, and what lasting success really looks like. In this episode, she breaks down how leaders can protect their energy, improve resilience, and build a healthier foundation for both life and business. When Success Comes at the Expense of Health Dr. Anna's entrepreneurial journey wasn't born from a business plan. It was born from necessity. After losing her mother, experiencing infertility and early menopause, navigating divorce, and eventually reaching severe burnout, she found herself forced to step away from the medical practice she had spent years building. The emotional and financial consequences were significant, but so was the lesson. Rather than accepting the limitations she was told to live with, Dr. Anna began exploring functional medicine, nutrition, and integrative approaches to health. Her own transformation became the catalyst for helping others do the same. What started as solutions for her patients eventually evolved into bestselling books, educational programs, and a seven-figure wellness brand built around solving real problems and sharing authentic stories. Why Energy is the Ultimate Asset One of the most powerful themes in this conversation is the connection between health and performance. Dr. Anna explains how chronic stress, elevated cortisol, inflammation, and insulin resistance can affect everything from decision-making and focus to mood, resilience, and long-term health. While many people focus solely on hormones, she argues that true wellbeing requires a broader approach. She also introduces the concept of increasing oxytocin, the hormone associated with connection, trust, and wellbeing, as a practical strategy for managing stress and supporting overall performance. Enjoy this episode with Dr. Anna Cabeca… Soundbytes 29:11–29:40 "You can't out-supplement a bad diet. So, it's these lifestyle pieces. So when I think about what are some of the things we do to improve our health? It's starting with — I don't like to talk about stress management — increasing oxytocin. That is the antidote to stress. So, gratitude practice. Positive terminology. Being kind to yourself. Being kind to others." 36:39–37:49 "I was over 240 pounds. I had terrible weight loss, and that was at 39 years old. Everyday I think, OK, I can walk towards health, or I can walk towards disease." Quotes "Your mess becomes your message." "It takes more than hormones to fix the hormones." "Workaholism is an addiction like anything else." "We have it within us to be empowered and to create solutions and serve others." "I want to be a safe place where people feel seen and heard and empowered and inspired that their life can be better." Links mentioned in this episode: From Our Guest Website: https://dranna.com 10-Day Breeze Through Menopause Program: https://dranna.com/tribe Connect with Dr. Anna Cabeca on LinkedIn: https://www.linkedin.com/company/drannacabeca Follow Dr. Anna Cabeca on Facebook: https://www.facebook.com/DrAnnaCabeca Follow Dr. Anna Cabeca on Instagram: https://www.instagram.com/thegirlfrienddoctor Connect with brandiD Find out how top leaders are increasing their authority, impact, and income online. Listen to our private podcast, The Professional Presence Podcast: https://thebrandid.com/professional-presence-podcast Ready to elevate your digital presence with a powerful brand or website? Contact us here: https://thebrandid.com/contact-form/

Quite frankly, it's all getting a bit much. We're all tightening our belts, we're making decisions about where we're spending our money, what we're spending it on. The rates keep rising, insurance levies keep going up, the cost of everything is through the roof. And for many, many people, there's not a lot of disposable left at the end of the day. Even people who are earning pretty good salaries are suddenly finding there's not as much left at the end of the pay cycle as there used to be. Meanwhile, our House of Representatives are seeing the members gouging the taxpayer for every last cent they can get out of us. Louise Upston is claiming the full $1,000 a week ministerial housing allowance, which she's perfectly entitled to. It's designed to support MPs based outside Wellington with the cost of maintaining two homes. And you understand that. When you become a Member of Parliament, your business is in Wellington, but you might be representing the people of Timaru. You have a home there, a family there. So where are you going to live while you're in Wellington? Your employer should pay your expenses given you're required to be there. So the employer does. It offers an allowance to MPs who are not from Wellington to live there. That is us, the taxpayer. So, fair enough. But Louise Upston owns an apartment in Wellington and according to the register of financial interests, which all MPs have to fill out, there's no mortgage on it. Again, good for her. She's paid off the mortgage on that apartment and presumably her home. But what costs does she then have to claim? There are none. She owns the apartment outright. So she's claiming a cost she's legally entitled to, but should she be? She said at the time, it's an entitlement, I'm well within the rules, I can do it. Louise Upston's case unfortunately came just a week after she reduced the eligibility of homeowners to claim the accommodation supplement payment. She said we want to target support for the accommodation supplement to those who need it most. They are renters, they're not people who are using taxpayer support to increase their own asset. Hello! Are we looking in the mirror? She's not the only one, of course. Labour's Kieran McAnulty, Jan Tinetti, they have properties in Wellington, although they may still have a mortgage. New Zealand First's Andy Foster's doing it. He was the mayor of bloody Wellington and now he's claiming an accommodation allowance for a home in Wellington. Then we find the MPs in the parties, the different political parties, and again, all of them are doing it. Yeah, we wonder why they don't work together more often. Oh, they do, when it comes to their perks and allowances. We find the MPs in parties that own commercial property, which they rent to Parliamentary Service to operate as their own electorate offices. So they own the building, they say to Parliamentary Service, have we got a deal for you? We'll rent this and you pay for it because it's our electorate office. They defend this by saying the offices are rented at below market rates, and again, everybody does it. And then there's the superannuation. Chris Hipkins has defended using a generous taxpayer funded private super scheme to buy his family's holiday home by saying it's my money, I can do what I like with it. And it is, he can. But Heather du Plessis-Allan this morning interviewed Chris Hipkins, and I think outlined in an excellent manner just how it looks. HDPA: None of us are getting $60 to $70,000 popped into our superannuation funds every year by our employer, in your case the taxpayer, which we're then able to withdraw and buy a beach house with. This is the ruling class who has a different set of standards from everybody else. It's not right, is it? HIPKINS: The superannuation provisions that Members of Parliament get are generous superannuation provisions compared to what other members of the public get. I'll absolutely agree with that. HDPA: Do you need to change it? HIPKINS: Well, look, I think Members of Parliament are in a unique role. When people put their hands up to be Members of Parliament, in many cases they're basically leaving behind jobs that they cannot go back to. And we've just talked about an example of that now. When someone puts their hand up to be an MP, it closes off a lot of future potential job opportunities for them. So for many people when they put their hand up to be MPs, it will be the last job that they do. He was referring to Rakesh Naidoo, who is no longer working for Police now that he's put up his hand to be a Labour list MP. But we're told that the reason why backbenchers and MPs have diverged so far from other public servants like police, teachers, nurses – all of the salaries used to be around about the same in the 80s, MPs, police, nurses, teachers. Oh, it's very, very different now. We're told that the reason we're paying so much money is not because they can't get a job when they leave, but because they're so special and their talents are so unique that the private sector would snap them up in a heartbeat. And that is why we give them $177,600 for a backbencher, a learner MP, $320,600 for a Cabinet Minister, and $510,300 for a Prime Minister. Plus the expenses, the living accommodation, office expenses, travel allowances, plus the superannuation. With the superannuation, they get $2.50 for every dollar that the MPs put in from us. The contribution's capped at 20% of an ordinary MP's salary, which works out at $36,240 for every MP as of July 1st when the new rates kick in. So what's it to be? We can't do that. I mean, sure, if you're in a private super scheme of your own with different terms, you can take it out and do what you want with it. But dumb shmucks like you and me who are locked into KiwiSaver are limited to what we can do. We can't buy a second property with ours until we're 65, but hey. Are MPs of every colour and hue —apart perhaps from the Greens who seem to be able to maintain a shaky kind of moral high ground— just having a laugh? Everything is completely legal. Completely legal, but is it right? We're told we have to pay them that much to prevent the private sector from snapping them up. But really, where else would most of those people get that sort of money? Very few of them would and do once they leave Parliament – that's why they keep snuffling back to the trough, looking at Stuart Nash and Michael Wood. They tried it in the public, in the private sector, wasn't nearly as good as working as an MP, so back they come. We're told that they're such brilliant stellar talents that we have to pay them that much, but then Chris Hipkins says they can't get a job elsewhere. Yeah, they can. What they do is they use their political nous and contacts to set themselves up as lobbyists or working for companies as lobbyists in other parts of the world. Once a Minister leaves office, they can't just pop up as a lobbyist because they've got all kinds of insider knowledge – it's like insider trading. Not here. Kiri Allan started her consultancy business two weeks after resigning as Justice Minister and she was still an MP. So while they're doing this job that nobody really wants to do, they're getting paid very well to do it. They're getting good expenses to do it. They're getting a healthy superannuation fund that we are paying them we're paying for everything, but we're paying the super fund as well. Plus, they're building up knowledge and contacts, insider info that they can then sell, either as individuals setting themselves up as lobbyists or to companies that act as lobbyists. It's all legal, but is it right? We're funding all this. I mean, would you do the job? You've heard about the perks, you've heard about the expenses. You'd have to be prepared to be hated by at least half of the population and probably half of your caucus if you're hard working and you've got ambition. There'd be a few people who wouldn't like that. So I mean, you know what the gig is. It's a hard job. Is this what we have to pay for democracy to be sustained? It's legally right, but is it morally right to be claiming these sorts of expenses when you just don't need to? And at a time where you're wagging your finger at other people and telling them they need to tighten their belts and oh, we can't just be giving accommodation supplements away to everybody. They can't use it to build their asset. Yeah, but you can. See omnystudio.com/listener for privacy information.

Galatians 1:10-24

God's invitation and the miracle of restoration from the Old Testament table behind the veil to Jesus, the Bread of Life, who tears the veil and seats spiritual outcasts like Mephibosheth at the King's Table. Grace — God's Riches At Christ's Expense — has made a place for us at His Table so that we might know Him deeply and become witnesses to His redeeming love and transforming power. (2 Samuel 9)

Another example of the problems with Annuities.Is it OK to pay higher fund expense ratios for higher returnsLaura Pausini concert in OrlandIoniq 9 and some EV newsStill time to go to CSI Con in New York

Can it be justified? Commentator Mal O'Doherty and ex-DUP advisor David Graham discuss

We all want retirement success. But how do we achieve it? What if the best method is to identify possible *failures* first, and then simply work backward to avoid those failures?  Looking for a financial planner?  → PlanWithJesse.com In this follow-up episode, Jesse completes his inversion-based framework for retirement planning by outlining the remaining risks that can derail long-term financial outcomes, shifting from market and inflation concerns to more personal, behavioral, and systemic threats. He begins with shock spending and long-term care risk, emphasizing the scale and unpredictability of end-of-life care costs and arguing that insurance alone is often insufficient, making realistic cash flow modeling and programs like Medicaid more practical planning tools. He then covers cognitive decline risk, highlighting how reduced decision-making capacity can lead to fraud, mismanagement, and financial error, and recommends safeguards such as legal protections, trusted contacts, and automated, simplified financial systems. Behavioral risk is framed as the danger of emotional decision-making, with mitigation strategies including automation, written investment policies, and reduced exposure to market volatility. Jesse then addresses assumptions risk, warning that small inaccuracies in assumptions about markets, inflation, taxes, or even one's future self can compound significantly in retirement projections, advocating for base rates and disciplined "what-if" analysis. He explores policy, legislation, and tax risk as an unavoidable layer of uncertainty around Social Security, taxation, and healthcare policy, suggesting retirees stress test outcomes without overreacting to speculation. Identity and purpose risk follows, underscoring that retirement success depends heavily on structure, meaning, and social connection, not just financial security. Finally, he introduces "deep risks"—deflation, confiscation, and devastation—arguing that while rare, these systemic threats reinforce the central conclusion that no portfolio design eliminates all risks, and effective retirement planning ultimately comes down to balancing trade-offs and building resilience. Key Takeaways: • Shock spending risk includes large, unexpected expenses that can destabilize retirement plans. • Long-term care is one of the most significant and unpredictable retirement costs. • Cognitive decline can lead to financial mistakes, fraud vulnerability, and poor decision-making. • Behavioral risk stems from emotional and irrational financial decisions. • Assumptions risk arises from unrealistic expectations about markets, inflation, or personal behavior. • Policy and tax risk includes uncertainty around Social Security, taxes, and healthcare programs. • Identity and purpose risk highlights the psychological challenges of retirement. • Deep risks (deflation, confiscation, devastation) are rare but potentially catastrophic. • No single strategy can eliminate all risks—retirement planning is about balancing trade-offs and building resilience. Key Timestamps: (01:42) – 8: Shock Spending & Long-Term Care Risk (08:04) – Saving for the Coming $500,000 Expense (09:15) – Changing Expenses as We Age (10:24) – Medicare & Medicaid (12:44) – 9: Cognitive Decline Risk (15:43) – Building Backup Systems & Backup People (18:30) – 10: Behavioral Risk (22:48) – 11: Assumptions Risk (About Yourself & the World) (25:18) – Assumptions About the Future World (31:50) – 12: Policy, Legislation, & Tax Risk (36:17) – 13: Identity & Purpose Risk (39:16) – 14: The Deep Risks Key Topics Discussed: The Best Interest, Jesse Cramer, Wealth Management Rochester NY, Financial Planning for Families, Fiduciary Financial Advisor, Comprehensive Financial Planning, Retirement Planning Advice, Tax-Efficient Investing, Risk Management for Investors, Generational Wealth Transfer Planning, Financial Strategies for High Earners, Personal Finance for Entrepreneurs, Behavioral Finance Insights, Asset Allocation Strategies, Advanced Estate Planning Techniques Mentions:https://bestinterest.blog/e108/ Stumbling on Happiness by Daniel Gilbert Thinking, Fast and Slow by Daniel Kahneman https://bestinterest.blog/the-crushing-cost-of-conservative-retirement-planning/ https://bestinterest.blog/e106/ If You Can: How Millennials Can Get Rich Slowly by William J. Bernstein The Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk by William J. Bernstein A Splendid Exchange: How Trade Shaped the World by William J. Bernstein The Four Pillars of Investing, Second Edition: Lessons for Building a Winning Portfolio by William J. Bernstein Deep Risk: How History Informs Portfolio Design by William J. Bernstein More of The Best Interest: Check out the Best Interest Blog at https://bestinterest.blog/ Contact me at jesse@bestinterest.blog Need a financial planner?  → PlanWithJesse.com  The Best Interest Podcast is a personal podcast meant for education and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.

To learn more about Breakthrough Academy, click here: https://trybta.com/EP275 Download your free Cash Flow Resource Bundle here: https://trybta.com/DL275 You're winning jobs, billing strong — and still sweating payroll every two weeks. Cash timing slips. Payroll doesn't. Here's how to fix it.In this episode, Danny Kerr breaks down the exact cash flow management system BTA has used with 1,900+ contractors to stop the financial panic and start projecting 90 days ahead, so you can make growth decisions with intention, not desperation.What you'll learn:The 5 cash flow killers quietly draining your roofing contractor business (weak deposits, slow collections, and more)How to build a simple weekly cash flow system — so you know what you can spend before you hire, buy, or marketHow to project your cash position 90 days out and spot payroll pressure before it hitsThe financial benchmarks $10MM contractors actually useHow to stop playing financial roulette and build real confidence in your numbersWhether you're at $1M or pushing $10M, cash flow management isn't optional — it's the difference between scaling and gambling.00:00-Intro09:32-Developing Annual Budgets19:20-Effective Job Costing23:48-Industry Profit Benchmarks28:04-Strategic Cash Flow32:28-Avoiding Cash Flow Destroyers41:22-Using Cash Flow Projections53:43-Expense and Overhead Q&A

Join us as Pastor Craig takes us through Spent: Selling your Present at the Expense of your Future!

Kia ora. Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. Today we lead with news of a changing of the guard. Countries are moving away from US Treasuries as a core reserve asset, replacing it with gold. At the same time, crypto values including for bitcoin, seem to be fading fast. But first up today, there was a full dairy auction overnight, one that brought slightly lower overall prices, with the USD index falling -0.6% mainly on -3% lower SMP prices. Milk fat products like AMF. Butter and Cheddar all rose, offsetting the fall in powder prices. But the NZD has also strengthened, so the result in NZD terms was a -2.0% fall. A pull-back in demand from China is part of this story too. In the US, they reported a surge in April job openings, their most in 18 months, notably in California and other western states. It is a services related thing, with manufacturing jobs not really participating. Meanwhile, the US RCM/TIPP economic sentiment survey fell slightly in June from may, but to its lowest in two years. And the US Logistics Managers Index is showing the full impacts of the current supply-chain disruptions and stockpiling. It held in May at its highest since the pandemic stress period. It is increasing at an increasing rate for inventory costs, warehousing capacity, and freight prices. In China, we should note that it is wheat harvest season and that they expect a bumper result. At the same time, both Australian and US farmers are hesitating in their plans for wheat as high fertiliser and fuel costs threaten to make the prospects very uncertain. In the EU and as expected, CPI inflation firmed up to 3.2% in May from 3.0% in April. Their core inflation rose as well. It seems to be only about rising fuel costs at present with the spread wider quite limited. Will the ECB hike its policy rate on June 11? Markets are betting 100% it will. In Australia, they have slipped into their first trade deficit since 2017 in the March 2026 quarter. Exports of minerals fell (except for gold) while imports of data center equipment surged. Globally, it is worth noting again that aluminium, zinc, copper and tin are all now either at record highs or at post-pandemic highs. The UST 10yr yield is now just on 4.46%, down -1 bp from this time yesterday.  The price of gold will start today down -US$9 at US$4482/oz. Silver is down -50 USc at just over US$75/oz. Interestingly, an ECB analysis released overnight has highlighted that after the run-up in the gold price, at the same time as the value of US Treasuries fell, gold was the largest single asset held for 'foreign reserves'. (see Chart 7) Oil prices are up another +US$2 just under US$93.50/bbl in the US, while the international Brent price is now on US$96/bbl and up +US$1.50. Hormuz remains shut. The Kiwi dollar is lower from yesterday at this time at 59.2 USc, down -30 bps. Against the Aussie we are also down -40 bps at 82.5 AUc. Against the euro we are down -10 bps at just under 51 euro cents. That all means our TWI-5 starts today at just over 62.7 which is down -20 bps from yesterday. The bitcoin price starts today at just on US$67,464 and down a sharp -5.9% from this time yesterday and falling. Crypto funds are getting excess redemptions at present. Volatility over the past 24 hours has been high at just under +/- 3.5%. You can get more news affecting the economy in New Zealand from interest.co.nz. Kia ora. I'm David Chaston and we'll do this again tomorrow.

Sick of health feeling "too expensive"? Coach Delicia breaks down the real math of wellness versus illness, shares her personal choices on funding her vitality, and challenges you to invest in your greatest asset: yourself.

Michael Steele tackles the stark realities of a system that favors the wealthy while leaving the middle class and the poor to fend for themselves. With insider information flowing to the elite, decisions are made that enrich a select few at the expense of the many. Michael exposes the troubling dynamics at play, from stock market manipulation to the alarming disconnect between policy and the everyday struggles of American families. Tune in to understand how this rigged system is shaping the narrative as we head into the fall.Catch Michael Steele on The Weeknight Mondays - Fridays at 7pm EST on MSNBC: https://www.msnbc.com/weeknightFollow Michael on X: https://x.com/MichaelSteeleFollow Michael on Bluesky: https://bsky.app/profile/michaelsteele.bsky.socialFollow Michael on Instagram: https://www.instagram.com/chairman_steele/Follow Michael on Threads: https://www.threads.net/@chairman_steeleListen to The Michael Steele Podcast: https://podcasts.apple.com/us/podcast/the-michael-steele-podcast/id1412905534Watch The Michael Steele Podcast: https://www.youtube.com/playlist?list=PLJNKzTkCZE9uNqPiKYw5eU5YkS_mMsr6oIf you enjoyed this, share it with a friend!

What happens when one of the world's fastest-growing travel platforms decides the future of business travel will be built around AI from the ground up? In this episode of Tech Talks Daily, I sat down with Navan co-founder and CTO Ilan Twig to discuss how the company is reshaping travel, payments, and expense management through AI-native systems designed for the real world, not just polished demos. What immediately stood out during our conversation was Ilan's mix of technical obsession and relentless focus on user experience. This is someone who isolated himself for months to truly understand the mechanics of large language models before most companies had even worked out what ChatGPT meant for their business. That curiosity now powers Navan's AI strategy, where conversational interfaces are replacing what Ilan calls the old "forms and tables" model of software interaction. We explored how Navan's AI assistant, Ava, is already handling thousands of real-world travel support conversations every day, with customer satisfaction scores that rival those of human agents. During major disruption events like Storm Fern and the Heathrow airport fire, Ava scaled instantly, resolving huge volumes of customer requests without the delays and staffing nightmares that traditionally overwhelm travel providers. But this conversation goes much deeper than travel. Ilan shared his thoughts on why the software industry is moving toward conversational, context-aware interfaces, why most businesses still misunderstand what agentic AI actually means, and how Navan is building proprietary models trained on its own travel data to outperform larger, generic frontier models. We also discussed trust, hallucinations, AI supervision layers, and why companies must stop treating AI as a magic trick and start measuring it against hard business outcomes. There is also a fascinating human side to this episode. From building a company through market turbulence, investor skepticism, and geopolitical uncertainty, to challenging accepted thinking since his school days, Ilan's story reflects the mindset of someone who genuinely believes technology should solve real problems rather than create headlines. If you have been wondering where AI moves beyond hype and starts delivering measurable operational value, this conversation offers a rare look behind the curtain from someone building these systems at scale every single day. Useful Links Connect with Ilan Twig Learn more about Navan Check out blog posts by Navan Follow Navan on LinkedIn Visit our Sponsors Check out the Nordlayer Browser Learn more about Denodo Data Products  

In this episode, Lex chats with Mike Milotich — Chief Executive Officer of Marqeta, the modern card issuing platform that processed nearly $400 billion in payments volume in 2025, and is certified to operate in 40+ countries, growing over 30% for the third straight year. They discuss how Marqeta's separation of bank, processor, and brand armed fintech's largest winners across buy now pay later, on-demand delivery, neo-banking, and expense management with the Lego blocks to build their own card programs.  Mike explains how the company's growth is shifting from enabling new use cases to displacing volume on legacy bank platforms, and they explore why card issuing is going multinational, what the agentic commerce wave actually requires to clear security and behavioural hurdles, and how Marqeta's continued growth runs through embedded finance, real-time personalisation, and the forced modernisation of the banks themselves. NOTABLE DISCUSSION POINTS: The BNPL business model is flipping from merchant rails to consumer cards. Marqeta originally solved the merchant scale problem for buy now pay later via virtual cards, removing the need for tens of millions of merchants to integrate a new button at checkout. The current shift is more important: BNPL players are now issuing consumers their own physical and virtual cards usable anywhere cards are accepted, turning BNPL from a merchant-acceptance game into a direct consumer value proposition. BNPL volume has grown over 50% year-on-year for Marqeta in recent quarters. Card issuing is going multinational, and that breaks the legacy bank model. Banks have always been local on the consumer side, with only a handful multinational on the commercial treasury side. The next generation of card issuers, neo-banks like Revolut and Nubank, plus large global platforms embedding financial products into existing user bases, are global by default. A single platform that issues cards, and is certified to operate across 40+ countries, becomes the strategic moat, and legacy processors built to serve domestic bank programs aren't structured to compete. The growth story is moving from expanding the pie to displacing the incumbents. To date, Marqeta has mostly powered new card use cases that didn't exist before — on-demand delivery, BNPL, neo-banking, expense management. Mike's forward thesis is a phase change: pressure from fintech winners is forcing banks to modernise, and the next leg of growth comes from displacing volume sitting on legacy bank-controlled platforms. Real-time personalised rewards, where the same card delivers different offers to different cardholders based on live data, is the wedge that legacy infrastructure can't deliver. TOPICS Marqeta, Visa, Mastercard, American Express, PayPal, Payments, card issuing, embedded finance, fintech, BNPL, neobank, agentic commerce, e-commerce, crypto, stablecoins, programmable money, machine economy, agentic AI   ABOUT THE FINTECH BLUEPRINT

In this special two-part conversation on The Neoliberal Round Podcast, Dr. Nolan Fontaine joins Renaldo McKenzie to discuss two urgent struggles unfolding in America today: environmental justice in Chester, Pennsylvania, and the fight for Indigenous recognition and visibility.In Part 1, (this episode) Dr. Fontaine discusses the growing movement opposing Philadelphia's practice of sending its trash to Chester to be burned at the Reworld/Covanta incinerator — one of the largest incinerators in the United States. He speaks about the recent protest at Mayor Cherelle Parker's budget meeting in West Philadelphia, allegations surrounding political and corporate interests, the health impacts on Chester residents, and why activists describe the situation as environmental racism. The conversation explores decades of organizing by Chester Residents Concerned for Quality Living (CRCQL), community resistance, youth activism, and the broader struggle over power, pollution, and accountability.In Part 2, which is scheduled to release on Memorial Day, May 24th, Dr. Fontaine shifts to his role as President of the Urban Indian Heritage Society (UIHS), where he discusses updates surrounding the Lumbee Tribe of North Carolina and its movement toward federal recognition as the 757th federally recognized tribe in America. The discussion explores Indigenous identity, urban Indigenous communities, cultural survival, political recognition, and the importance of visibility in a society that often treats Native peoples as relics of the past rather than living communities.This is a powerful conversation about resistance, identity, justice, survival, and the communities America too often ignores.Dr. Nolan Fontaine is a member of the CRCQL and is the Coordinator of the YouTh Arm. Dr. Nolan is also the President of the Urban Indian Heritage Society. Dr. Nolan Fontaine is also a brother of Phi Beta Sigma Fraternity.Rev. Renaldo McKenzie is the Creator and Host of The Neoliberal Round and The Neoliberal Round YouTube Channel, Founder and President of The Neoliberal Corporation, and Author of Neoliberalism, Globalization, Income Inequality, Poverty and Resistance. Renaldo has a second book coming out soon entitled Neoliberal Globalization Reconsidered, Neo-Capitalism and The Death of Nations. Renaldo is a Professor in Caribbean Thought and is a Visiting Professor at the Jamaica Theological Seminary an international 4-year college in Religious Education and Social Work.Subscribe to The Neoliberal Round Podcast and visit The Neoliberal Journals for more interviews, commentary, and analysis.The Neoliberal Round is available on any stream. Find your stream at https://anchor.fm/theneoliberal. Visit The Neoliberal main site at https://theneoliberal.comor https://renaldocmckenzie.com. Renaldo's book is available at https://store.theneoliberal.comDonate to us at https://donate.stripe.com/7sYcN48uybAA2OEb9V93y06Email us at info@theneoliberal.com.

The guys talk about the tragic passing of Kyle Busch, the Vegas talk heats up as the gang revisits the infamous forgotten, deleted podcastSee omnystudio.com/listener for privacy information.

Most investors obsess over finding the best mutual fund to invest in. But what if avoiding the worst fund matters far more than picking the absolute best? In this episode, host Shrey Chandra sits down with Deepak Shenoy (Founder & CEO, Capitalmind Mutual Fund) and Anoop Vijaykumar (Head of Equity & Fund Manager, Capitalmind Mutual Fund) to tackle one of the most searched questions in personal finance: how to pick mutual funds that actually deliver long-term returns — without constantly second-guessing your choices. Using 10 years of FlexiCap fund data across 18 funds, they reveal why even top-performing funds underperform 30–50% of the time — and why that's completely normal. They also run a "reactive investor" experiment that shows exactly how timing the market destroys returns, and what a disciplined mutual fund portfolio strategy looks like instead. What you'll learn: • The core vs. satellite portfolio framework and how to allocate across funds smartly • Why mutual fund underperformance doesn't always mean you should exit — and when it does • How fund size and AUM can quietly cap your returns — and the red flags to watch • Corporate governance issues and fund manager changes as early warning signs • The hidden tax impact of switching mutual funds that most investors never calculate • When multi-asset mutual funds make sense as a simplified core holding • How many mutual funds you should hold — and why more isn't always better • 3 questions to ask before picking any fund — covering philosophy, size, and hygiene checks Chapters: 0:00 – Intro 1:50 – Introduction to the topic: What's the best mutual fund? 2:22 – Anoop begins: How to think about picking a mutual fund 3:26 – Analysis of FlexiCap funds over 10 years (18 funds compared) 5:15 – Avoiding the worst funds vs. picking the best 5:35 – Rolling underperformance data - what it reveals 7:07 – Even good funds underperform 1/3 to 1/2 of the time 8:09 – Should you sell an underperforming fund? 8:28 – The "reactive investor" experiment - timing the market backfires 9:51 – What to do before and after investing in a fund 12:07 – Argument for style diversification across funds 13:50 – Two types of successful investors 15:39 – Do multi-asset funds simplify everything? 17:45 – Deepak joins: How many mutual funds should you hold? 20:00 – Core vs. satellite portfolio framework 24:44 – Multi-asset funds as a core holding 28:45 – Can you predict the worst funds? (Size, AUM issues) 31:35 – Corporate governance & fund manager changes as red flags 33:59 – Tax impact of switching funds - often overlooked 39:41 – Three questions to pick the right fund for you 49:46 – Expense ratios: are they really that important? 55:13 – Final framework: philosophy, size, hygiene checks 59:48 – Closing thoughts If you've ever wondered why your mutual fund is underperforming or made the common mutual fund mistakes of chasing last year's top fund or switching too frequently — this conversation will reframe how you think about investing entirely. Whether you're a first-time investor or managing a mature portfolio, this is the clearest framework we've put out on mutual fund selection in India.

This market is projected to grow annually by 8.4 percent through 2030. Constitutional expert, lawyer, author, pastor, and founder of Liberty Counsel Mat Staver discusses the important topics of the day with co-hosts and guests that impact life, liberty, and family. To stay informed and get involved, visit LC.org.

For the past 3.5 HOURS, Thor has been trying to fill out an expense report to get paid back for a work trip The Show is going on in August. While we will say the new program is hard to figure out... the reaction that he has been having is INSANE!See omnystudio.com/listener for privacy information.

What does grace actually mean — and why do so many people struggle to believe it applies to them? In this episode of the Nomad Pastor Podcast, Rick shares a moment from a Bikers for Christ chapter meeting where a brother named Pete said something simple that landed in the room like a hammer: “GRACE... The post GRACE — God's Riches at Christ's Expense first appeared on The Nomad Pastor.

Ike, Spike, and Fritz investigate why the sun seems to be rising significantly earlier, entertaining theories about a 'Deep State' experiment. They also discuss Paul Jolovitz's criticism of Spike regarding Daryl Morey and debate if Buzz should be fired from managing the Bala Cynwyd middle school baseball team. 01:59 - Caller Rivalry: Herb Vs Richard 05:41 - Buzz's Baseball Season Review 08:25 - Responding To Paul Jolovitz 12:04 - Deep State Sunrise Conspiracy

There's no question the entire Trump family is substantially richer now than they were before he started his second term - but where is the money coming from, exactly?

Sam and Calen talk about the way the system is set up for the wealthy to succeed at the expense of others. They explore how the war with Iran is hitting the global economy and walk through the 11 steps of authoritarianism to discuss the current state of politics in the US. 

Somehow, Mike didn't know how to pronounce "durag", and the guys let him hear about it.

Did you deduct actual expenses or use the standard mileage rate for your vehicle? More importantly, was that the best choice for your situation? Book a comprehensive tax and business consultation with Mark and Mats firm KKOS Lawyers to ensure your strategy works for you.Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For  Small Business Owners On Main Street America:  Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohlerCraving more content? Check out my Instagram! 

Mother Miriam Live - May 12th, 2026 Mother Miriam speaks about Rogation Days. Mother Miriam answers questions about Muslims, divisiveness between Novus Ordo and Traditional Latin Mass, whether there are ethical ways to practice medicine, whether Catholics can support President Trump, and what to do if you prefer Traditional Latin Mass but only have access to Novus Ordo.

I am so excited to have gotten to buy a brand new tv. It cost move than anything in my house. You know I love a deal and this was a good price but let's stick to things under $200.

And did the Beeb, in ancient times, broadcast to England's* mountains green?... ...Till Reith has built Jerusalem, transmitting to England's* green and pleasant** land.   *and Scotland, Wales and Northern Ireland's **and the less green and unpleasant bits too === In the third and final part of our General Strike special, 100 years on, we look at 10-12 May 1926, in a week that changed the BBC forever - as John Reith walked a tightrope of independence and impartiality. Plus the legacy of the strike, how it changed the BBC, and of course we couldn't resist bringing you the iconic moment of Reith announcing the strike's end, by reading Jerusalem with accompanying orchestra and choir. While there was no recording at the time, Reith re-enacted it in 1932. The newspapers, the bulletins, the occasional later reminiscence (Peter Eckersley, Stuart Hibberd...), this aims to be the most thorough - and yet I hope entertaining - retelling of the BBC and the General Strike. I hope you enjoy listening as much as I did putting it together.   With thanks to these excellent resources... Radicalstroud.co.uk Warwick Digital Collections at the University of Warwick The Trades Union Congress The BBC Written Archive Centre 1926 The General Strike edited by Jeffrey Skelley Into the Wind by John Reith Asa Briggs' The Birth of Broadcasting Ian McIntyre's Expense of Glory Peter Eckersley's The Power Behind the Microphone The BBC A People's History by David Hendy Our Newspaper Detective Andrew Barker - and the various newspaper articles Trevor Howard and his article Immovable object, irresistible force: Reith, Churchill and BBC ‘impartiality' Nine Days in May – radio drama by Robin Glendinning Churchill vs Reith – radio drama by Mike Harris Random Radio Jottings: https://andywalmsley.blogspot.com/2025/01/churchill-and-bbc.html   SHOWNOTES: Original podcast music is by Will Farmer.  Broadcasts over 50 years old are beyond copyright, but anything that is BBC copyright content is reproduced courtesy of the British Broadcasting Corporation. All rights reserved.  See Paul on tour in An Evening of (Very) Old Radio - or book it: paulkerensa.com/tour Our latest Substack summarises these 5 over-steps of the BBC in the General Strike: paulkerensa.substack.com Our Facebook group has ample marvellous photos and newspaper articles - thanks to Newspaper Detective Andrew Barker: facebook.com/groups/bbcentury Find us on BlueSky: bsky.bbcentury.social Find Paul on Instagram: instagram.com/paulkerensa Join Paul's mailing list This podcast is not made by today's BBC. It's just about the old BBC. Support the podcast by joining as a Patreon subscriber - for extra videos, writings, readings etc: patreon.com/paulkerensa - £5/month, cancel whenever. Or support this project without that regularity, with a one-off tip: ko-fi.com/paulkerensa Please share/rate/review this podcast if you have a mo - it all helps. Next time, Episode 121: Ask Elvis, The Archers, The Cultures of Early Television conference, and An Evening of (Very) Old Radio - all live events you come to this summer. We'll chat to those behind these do-please-come-along happenings. Then on Episode 122, we're back in our chronological retelling in Nov 1923, for the launch of the first relay station, Sheffield 6FL.   More on this broadcasting history project at paulkerensa.com/oldradio

It has been a crushing set of local and devolved elections for Labour, with Reform UK making huge gains across the country and the Greens winning in London. Keir Starmer is under pressure to announce a timeline for his departure – yet he insists he will not walk away. Help support our independent journalism at theguardian.com/politicspod

Send us Fan MailThat desk, laptop, or company vehicle might affect your taxes more than you think. Get clear on how these items should be handled in your bookkeeping.Many business owners buy equipment without knowing whether it should be depreciated over time, written off with Section 179, or treated as a smaller expense under de minimis rules. Those choices can impact taxes, bookkeeping accuracy, and how clearly you understand your business finances. In this episode, our favorite Bookkeeping Mensch, Paul Rosenblum, breaks down these three key concepts in plain English and explains why business owners should talk with their tax preparer now that things are a bit calmer post tax season. This episode could save you money and reduce confusion.Links: NOLO: IRS De Minimis Rule for Deducting Business Property: https://www.nolo.com/legal-encyclopedia/new-irs-de-minimis-rule-deducting-business-property.html#:~:text=BasicallyQuickbooks Small business tax deductions cheat sheet: chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://digitalasset.intuit.com/render/content/dam/intuit/sbseg/en_us/Blog/Downloadable-assset/Checklist/small-business-tax-deductions-checklist-us-en.pdfIndeed, What Is the Definition of De Minimis in Business? https://www.indeed.com/hire/c/info/de-minimisSupport the show

6-9 May 1926, in a week that changed the BBC forever... this is part 2 of our 3-part special on the BBC and the General Strike 100 years ago this week (at time of podcast release), two million strikers were out in solidarity with the miners. It brought unique challenges to the BBC - with Winston Churchill trying to take it over, a tightrope of independence and impartiality, and broadcast requests from the Archbishop of Canterbury (no), the Leader of the Opposition (no), the TUC (no) and the Prime Minister (come on in sir!). John Reith welcomes the PM to his own home, even rewriting his speech for him while he's on air. It's all part of what we're calling The BBC and the General Strike in 5 (Over-)Steps. This episode, we'll discover over-reaching editorialising of the news, Reith the rewriter and those notably absent voices of opposition. Hmm. But then again, what would you do differently... and would that hand to Churchill the BBC on a plate? All will become clear, in our day-to-day guide through the middle of the General Strike during those nine days in May 1926. This episode looks at 6-9 May. Last episode we looked at 3-5 May. Next episode we'll look at 10-14 May plus the General Strike's legacy (and Reith's apologies). I hope you'll agree it's a fascinating tale, worth us taking the long way round. The details - from the role played by Reith's creaky office chair to his mum listening to the PM through the study door, and from Earl Grey's doorstep duel to Peter Eckersley's shock when he discovers imbalanced news - are deserving of retelling. So thanks for listening, if you do. And you should. Join us!  Part 3 follows on 10 May 2026 - 100 years on from the moments featured. Be subscribed to get the episodes when they land.   With thanks to these excellent resources... Radicalstroud.co.uk Warwick Digital Collections at the University of Warwick The Trades Union Congress The BBC Written Archive Centre 1926 The General Strike edited by Jeffrey Skelley Into the Wind by John Reith Asa Briggs' The Birth of Broadcasting Ian McIntyre's Expense of Glory Peter Eckersley's The Power Behind the Microphone The BBC A People's History by David Hendy Our Newspaper Detective Andrew Barker - and the various newspaper articles Trevor Howard and his article Immovable object, irresistible force: Reith, Churchill and BBC ‘impartiality' Nine Days in May – radio drama by Robin Glendinning Churchill vs Reith – radio drama by Mike Harris Random Radio Jottings: https://andywalmsley.blogspot.com/2025/01/churchill-and-bbc.html   SHOWNOTES: Original podcast music is by Will Farmer.  Broadcasts over 50 years old are beyond copyright, but anything that is BBC copyright content is reproduced courtesy of the British Broadcasting Corporation. All rights reserved.  See Paul on tour in An Evening of (Very) Old Radio - or book it: paulkerensa.com/tour Our latest Substack summarises these 5 over-steps of the BBC in the General Strike: paulkerensa.substack.com Our Facebook group has ample marvellous photos and newspaper articles - thanks to Newspaper Detective Andrew Barker: facebook.com/groups/bbcentury Find us on BlueSky: bsky.bbcentury.social Find Paul on Instagram: instagram.com/paulkerensa Join Paul's mailing list This podcast is not made by today's BBC. It's just about the old BBC. Support the podcast by joining as a Patreon subscriber - for extra videos, writings, readings etc: patreon.com/paulkerensa - £5/month, cancel whenever. Or support this project without that regularity, with a one-off tip: ko-fi.com/paulkerensa Please share/rate/review this podcast if you have a mo - it all helps. Next time, Episode 120: The General Strike at 100, part 3: Reith wins? More on this broadcasting history project at paulkerensa.com/oldradio  

If clients keep treating your creative work like a line-item expense, the problem isn't your talent, per se. It's likely how you're translating your value.In this episode, we unpack how to move from vendor-for-hire to strategic asset in your clients' minds. You'll learn how to connect your creative work to the outcomes clients actually care about: revenue, efficiency, trust, communication, brand equity, and fewer headaches.We'll cover how to build your "asset case" with metrics, before-and-after narratives, discovery questions, and post-project follow-ups that make your impact impossible to ignore.You're not an expense to be minimized. You're an investment that can help clients grow, communicate better, save time, and show up with more power. Time you act like it.Want to go deeper on this topic?Join us in ⁠Snacks⁠, our free community space inside Forge, where we expand on these topics with real conversations and actionable insights. Check it out ⁠here⁠.

100 years ago to the day (at time of podcast release), Britain began to grind to a halt. Our first and only General Strike. But while it was a time of national crisis, it was also an opportunity for the BBC - and particularly John Reith. With most newspapers ceasing publication, the BBC gained a news division, and a reputation, for independence and impartiality - at least, that's what Reith hoped. But it meant opponents and critics at every turn - from strikers believing they were being unfairly ignored, to Winston Churchill thinking the BBC were too generous to the strikers. Surely, thought Churchill, it was better for the government to commandeer the BBC, and become an audio version of his pop-up partisan paper The British Gazette? There's a lot to this tale. So to do it justice, we're breaking it into four podcasts. This is part 1 - with the birth of the BBC's news-gathering squad, and Reith locking horns with Churchill, though cosying up to the PM. And he announces the strike - and other interruptions - from his own home studio. Our guest is Professor Michael Tracey, of the University of Colorado at Boulder, and former head of the Broadcasting Research Unit. Part 2 follows in a few days' time - 100 years on from the moments featured. Be subscribed to ensure you get the episodes when they land.   With thanks to these excellent resources... Radicalstroud.co.uk Warwick Digital Collections at the University of Warwick The Trades Union Congress The BBC Written Archive Centre 1926 The General Strike edited by Jeffrey Skelley Into the Wind by John Reith Asa Briggs' The Birth of Broadcasting Ian McIntyre's Expense of Glory Peter Eckersley's The Power Behind the Microphone The BBC A People's History by David Hendy Our Newspaper Detective Andrew Barker - and the various newspaper articles Trevor Howard and his article Immovable object, irresistible force: Reith, Churchill and BBC ‘impartiality' Nine Days in May – radio drama by Robin Glendinning Churchill vs Reith – radio drama by Mike Harris Random Radio Jottings: https://andywalmsley.blogspot.com/2025/01/churchill-and-bbc.html   SHOWNOTES: Original podcast music is by Will Farmer.  Support the podcast by joining as a Patreon subscriber - for extra videos, writings, readings etc: patreon.com/paulkerensa - £5/month, cancel whenever. See Paul on tour in An Evening of (Very) Old Radio - or book it: paulkerensa.com/tour Read Paul's Substack: paulkerensa.substack.com Find our Facebook page: facebook.com/bbcentury Find us on BlueSky: bsky.bbcentury.social Find Paul on Instagram: instagram.com/paulkerensa Join Paul's mailing list This podcast is not made by today's BBC. It's just about the old BBC. BBC copyright content reproduced courtesy of the British Broadcasting Corporation. All rights reserved. Share/rate/review this podcast if you have a spare 5mins - it all helps. Next time, Episode 119: The General Strike at 100, part 2: Reith v The Archbishop More on this broadcasting history project at paulkerensa.com/oldradio  

Discover how modern advertising functions as your business's ultimate "crystal ball." This episode reveals the power of leveraging paid ads to gain instant, invaluable data on your audience, offers, and campaign effectiveness. Learn why advertising is an investment that either multiplies capital or provides crucial insights, effectively eliminating the concept of "failure" and opening up unparalleled, low-cost opportunities for rapid business growth. Key Takeaways Advertising IS Your Crystal Ball: Paid ads provide immediate, precise data on your perfect audience, ad effectiveness, and offer performance, just like a predictive tool. Data Drives Decisions: Every ad campaign, successful or not, generates vital data. This data is the true value, guiding optimizations and informing future strategies. No More "Failure": With instant feedback and quick data analysis, advertising allows rapid adjustments. "Failed" ads are simply data-gathering exercises, not costly mistakes. Investment, Not Expense: When executed properly, advertising acts as capital that multiplies returns or provides strategic insights, transforming it from a cost center into a growth engine. Affordable & Powerful: Modern advertising offers unprecedented opportunities for growth at an incredibly low cost, enabling rapid testing, optimization, and scaling for any business. Timestamps [00:00] The "Crystal Ball" Analogy [00:18] Frank Kern's Introduction [00:32] The Hypothetical Crystal Ball Explained [01:04] The Value of Insights [01:17] Advertising: The Real Crystal Ball Revealed [01:37] Why Data is Your Most Valuable Asset [02:06] Advertising as Capital, Not an Expense [02:20] Your Personal Marketing Department [02:35] The Myth of Advertising Failure [02:46] Low Risk, Instant Results for Growth [03:02] Unprecedented Opportunity in Modern Ads

On this episode of Maximize Business Value, host Dave Casey and Mark Mitford of HR Catalyst discuss how to transform HR from a transactional expense into a strategic profit center. Ahead of his new book launch, People Are Your Profit, Mark explains how proactive succession planning and leadership development protect a company's long-term continuity.Tune in weekly to hear more from Mastery Partners and to receive relevant key content on your journey to maximizing your business value!GET THE BOOKS: 'Start with Maximizing Business Value' by Tom Bronson, and 'People Are Your Profit: Transform Your Biggest Expense Into Your Biggest Asset' by Mark Mitford. Learn More about Dave Casey: Dave Casey is a seasoned business owner with deep expertise in all aspects of organizational behavior and a passion for helping entrepreneurs reap the full rewards of building their companies. He understands that a truly valuable business isn't just profitable—it's secure, scalable, and transferable. In addition to his work with Mastery Partners, Dave actively gives back to the entrepreneurial community through leadership roles with organizations like Business Navigators, Biz Owners Ed, and Liberty Ministry. Whether advising on strategic growth or mentoring the next generation of business leaders, Dave brings clarity, integrity, and decades of real-world experience to every interaction. His mission goes beyond exit planning—he's committed to helping owners build lasting legacies.Learn More about Mark Mitford: Mark Mitford is an outsourced HR Leader & Trusted Business Advisor to CEO's of middle market companies. Small to middle market sized businesses need HR thought leadership and expertise. I am the recent Author of the Book – People Are Your Profit – Transform Your Biggest Expense into Your Biggest Asset. Your people costs are 50-75% of the overall costs in your business! I help you optimize your leaders and employee's performance, that creates higher revenue and higher profitability.Outstanding track record of helping companies grow their people and company bottom line. Worked in organizations various life cycles - high growth to retrenching modes. An MBA, bottom-lined focused, expert in succession planning, MMastery PartnersElevating Businesses to Achieve The Business Owner's Dream Exit The unfortunate reality is that for every business that comes on the market (for whatever reason), only 17% of them achieve a successful exit. You read that right. 83% of attempted business transitions never reach the closing table. Mastery Partners is on a mission to change that. We ELEVATE businesses to achieve maximum value and reach that dream exit.Our objectives are simple - understand where the business is today, identify opportunities for dramatic improvement, and offer solutions to enhance the business, making it more marketable and valuable. And that all starts with understanding the business owner's definition of his or her dream exit.  Mastery has developed a 4-Step Process to help business owners achieve their dreams.STEP 1: Transition Readiness Assessment STEP 2: Roadmap for Value Acceleration STEP 3: Relentless Execution STEP 4: Decision: Now that desired results are achieved, the business is ready for the next step in the journey!CONNECT WITH MASTERY PARTNERS TO LEARN MORELinkedInWebsite© 2025 Mastery Partners, LLC.

Twelve official definitions for R&D. Zero agreement. The US government publishes at least a dozen distinct official definitions across agencies, accounting standards, tax authorities, and international bodies. Not one agrees with the others on where research ends and development begins. Trillions of dollars flow through R&D budgets every year. Boards approve them. Investors evaluate them. Governments subsidize them. Analysts benchmark them. And the term at the center of all of it has no settled definition. A company can gut its research investment without triggering a single alarm on its income statement. Researchers who gained rare access to confidential federal R&D data found exactly this: when companies face financial pressure, they cut research while leaving development essentially untouched, and the combined number barely moves. Every benchmark, every board conversation, every investment thesis built around the R&D line may be built on sand. Innovation, ideas made real, requires both. Research is how you find the idea. Development is how you make it real. Strip out the research and you're not innovating, you're iterating on what already exists. Strip out the development and you're just experimenting. The problem is that nobody in the room knows which one they're actually funding, because the definition that would tell them doesn't exist. Someone needs to draw the line. This episode is about why nobody has, and the definition I think should replace the chaos. By the end, I'm going to put that definition in front of you and ask you to push back on it. Not to agree. To tell me where it breaks. How We Got Here Four institutions took a run at defining R&D. Each one got it right for their own purposes. None of them got it right for yours. Frascati: Built for Governments In June 1963, OECD economists met at a villa in Frascati, Italy, south of Rome, and produced what became the international standard for measuring R&D across nations. Now in its seventh edition. The Frascati Manual divides R&D into three tiers: basic research (theoretical work with no application in view), applied research (original investigation toward a specific practical objective), and experimental development (using existing knowledge to produce new products or processes). To qualify, an activity must be novel, creative, uncertain in outcome, systematic, and transferable. Used by governments across roughly 75 countries. Solid for what it was designed to do: let nations compare R&D investment on consistent terms. What Frascati cannot tell you: whether a specific company's spending is creating competitive advantage. It counts the type of activity. It doesn't assess what the activity produces for the organization doing the spending. A company can satisfy every Frascati criterion investigating something every competitor already knows. The knowledge is new to them. That is enough. The accountants drew a different line, for a different reason, with a different consequence. FASB: Built for Accountants In October 1974, the Financial Accounting Standards Board issued Statement No. 2, Accounting for Research and Development Costs, now codified as Topic 730. Every public company filing under US GAAP operates under it. The rule: all R&D costs expensed as incurred. Research, development, basic, applied: one line on the income statement. Their definition: research is a planned search aimed at discovery of new knowledge. Development is the translation of research findings into a plan or design for a new product. The rationale is explicit in the original standard. Future benefits from R&D are, in FASB's language, "at best uncertain." Expense everything immediately. The standard solved the problem it was asked to solve, which was accounting treatment: when to recognize the cost, not whether the cost was strategically sound. The consequence: sustaining engineering, feature maintenance, and incremental product updates all land on the same line as genuine exploratory research. Nobody looking at the income statement from outside can see the difference. The number is technically accurate and analytically opaque. Abraham Briloff, the late accounting professor at Baruch College, put it plainly: "Accounting statements are like bikinis. What they show is interesting, but what they conceal is significant." He was talking about financial reporting broadly. He could have been writing specifically about the R&D line. Researchers at Duke and London Business School spent years tracking corporate scientific output and found that it declined steadily across industries even as headline R&D spending kept rising. The combined number was hiding a substitution. Nobody on the outside could see it. Outside the United States, a different standard governs, and it creates a comparison problem most analysts never account for. IFRS: Built for International Investors IAS 38 governs R&D under IFRS, and its treatment differs from FASB in one significant way. Research costs are always expensed, same as FASB. But development costs can be capitalized as an asset on the balance sheet once a company can demonstrate technical feasibility, intent to complete, ability to use or sell the result, likely future economic benefit, adequate resources, and reliable cost measurement. A European company that capitalizes its development phase carries those costs as an asset: lower expenses in the period, higher total assets. An identical US company expensing everything under FASB takes the full hit immediately: higher expenses, lower assets. Same underlying investment. Incomparable financial pictures. Run the standard industry benchmark, R&D as a percentage of revenue, and you may conclude the US company is investing more aggressively. You may be comparing the same dollar invested under two different accounting regimes. Roughly 169 jurisdictions use IFRS. The United States does not. India uses an adapted version. Japan maintains its own standards board. The benchmark the industry trusts most is meaningless for cross-border comparison, and almost nobody says so. Section 174: Built for Tax Authorities The Internal Revenue Code adds another layer. Section 174 governs the deductibility of what the US tax authority calls "research or experimental expenditures," and the definition is not the same as FASB Topic 730. A company's R&D for tax purposes and its R&D for financial reporting can cover different activities and produce different numbers. The Tax Cuts and Jobs Act of 2017 tightened this further: domestic R&D expenses that were previously deductible immediately now must be amortized over five years, international over fifteen. The definition of what qualifies shifted when the timing rules changed. Within one country, one company, three definitional regimes apply simultaneously: Frascati for any government reporting, FASB for the income statement, and Section 174 for taxes. A single dollar of R&D spending can be classified three different ways depending on who's asking. The Gap None of Them Fill Four frameworks, built by four institutions, for four different purposes. Not one was built for the question that actually matters. Is this investment creating new knowledge that gives us a capability nobody else can easily replicate? The gap between them is where innovation decisions actually live. The National Science Foundation recognized the problem clearly enough that it publishes a separate annotated document just to catalog the competing definitions, because they're too inconsistent to assume any two readers are using the same one. That gap isn't an oversight. It's a structural consequence of four institutions doing their own jobs well. The question practitioners need answered was nobody's institutional job. You've been in the room. The R&D number is on the slide. Nobody asks what's inside it, because the accounting standard doesn't require an answer, and the room has learned not to expect one. So it went unanswered. Until now. A Better Definition for R&D Research is work directed at creating new knowledge where the outcome is genuinely uncertain and the knowledge cannot be readily obtained from existing sources. Development is the translation of that knowledge into products, services, or processes that meaningfully advance an organization's capability in ways competitors cannot easily replicate. Four elements define it: Genuinely uncertain outcome. If you know what you're going to get before the work starts, it's engineering execution, not research. The uncertainty doesn't have to be total. Most applied research has a likely direction. But there has to be real doubt about whether the approach works, whether the knowledge emerges. Cannot be obtained from existing sources. This is the one nobody puts in writing. If the knowledge is already in the literature, available from a consulting engagement, or present in a competitor's published work, finding it again isn't research. Generating new knowledge and capturing existing knowledge are different activities. Only one belongs here. This criterion alone would reclassify a significant portion of what companies currently call R&D. Advances capability competitors cannot easily replicate. Development only qualifies when it translates research into something that genuinely moves the organization forward competitively. Sustaining engineering doesn't pass it. Feature parity doesn't. Competitive catch-up doesn't. All real work, none of it development under this definition. Agnostic to accounting jurisdiction. This definition doesn't tell you how to expense or capitalize anything. That's already governed by whichever standard applies. What it does is establish what genuinely belongs in each category, regardless of where the company files. That makes it usable across FASB and IFRS companies without translation. There is a simpler way to put it. For any project in your R&D budget, ask two questions. First: are we creating new knowledge, or executing against something we already know? If you're executing, it's not research. Second: does this translate into a capability competitors cannot easily replicate? If not, it's not development either. It's product engineering, valuable and necessary, but a different budget category entirely. Three buckets: Research, Development, and Product Engineering. That taxonomy, applied honestly across a typical portfolio, would reclassify a significant share of what most companies are currently reporting as R&D. The Call I'm not asking FASB to rewrite Topic 730. What I am asking: that the people who actually make innovation decisions start applying a definition built for the question they're trying to answer. If you run an R&D function: apply this definition to your current portfolio. Not to change the accounting. To see what's actually in the category and what isn't. The gap between what your budget calls R&D and what this definition calls R&D will tell you something worth knowing. If you sit on a board: ask what portion of the R&D line is directed at new knowledge creation versus sustaining existing products. If no one in the room can answer, you're governing a number you don't understand. And if you think the definition is wrong, tell me. Where should the line be drawn differently? What element doesn't hold? What did I miss? That's not a polite invitation. That's the actual point of this episode. Definitions become standards when enough serious people apply them consistently and make the case until the institutions catch up. The four frameworks we inherited were each built by an institution serving its own purpose. This one is built for the people making the decisions. The most consequential line in any company's budget is the one separating what builds the future from what protects the present. Nobody drew it clearly. It's past time someone did. The idea was never the hard part. It never is. The call is. If this episode shifted something for you, subscribe wherever you listen to podcasts. On YouTube, hit subscribe and the bell so you don't miss the next one. And if you want to go deeper every Monday, Studio Notes is free at philmckinney.com. Until next time. See the pattern. Make the call. The Innovators Studio | philmckinney.com

One of the biggest mistakes in real estate investing is underestimating expenses—and it can quietly destroy your property's value. In this video, we break down how expense ratios work, why they matter in multifamily underwriting, and how small expense errors can wipe out hundreds of thousands in value. If you want to analyze real estate deals like a pro, understanding expense ratios is non-negotiable. This video will show you how to identify hidden costs, avoid bad deals, and uncover real opportunities. What you'll learn: What a good expense ratio is for multifamily properties How expense ratios impact property value Why beginners miscalculate expenses How to analyze rental property expenses step by step Common underwriting mistakes investors make If you're serious about multifamily investing and real estate deal analysis, this breakdown will give you a practical edge. Links Referenced in Episode: SS273: Multifamily Expense Ratio - https://youtu.be/aC05w_SRiGk Connect with the Global Investors Show, Charles Carillo and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com ◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/  ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

Within 76 days of the COVID shot rollout, any other drug would have been pulled from the market. Constitutional expert, lawyer, author, pastor, and founder of Liberty Counsel Mat Staver discusses the important topics of the day with co-hosts and guests that impact life, liberty, and family. To stay informed and get involved, visit LC.org.

We talk about friendship, money dates, pelotons, open tabs, expense tracking, and so much more in the first and highly requested no-agenda episode. We also answer some listener questions and discuss standard vs. itemized deductions on your taxes, rental income as an early-retirement strategy, spending levels in early retirement, when Liz is going to retire, how we track our expenses, and more. And we might just explain to you what waffling means. Get the full show notes, show references, and more information here: https://www.insideoutmoney.org/159-waffle-week-on-friendship-money-dates-choosefi-taxes-rental-income-expense-tracking-reclaiming-your-mornings-and-more/

Key Takeaways: Use Bonus Depreciation Wisely: Recent tax rules allow businesses to write off large equipment costs faster. This encourages investment, especially in areas like manufacturing. Know When to Expense vs. Capitalize: Expensing means deducting costs right away, while capitalizing spreads the cost over time. Understanding the difference helps you manage taxes and keep a strong balance sheet. Use Cost Segregation to Save More: Cost segregation breaks down parts of a building or plant so they can be depreciated faster. This can improve cash flow and overall financial efficiency. Plan Finances With Strategy: Good financial planning connects tax decisions with long-term business goals. This helps businesses grow in a more stable and intentional way. Manufacturing Is Evolving: New technologies like AI and 3D printing are changing how things are made. Businesses that adapt early can gain a strong advantage.   Chapters: 0:00 Rebuilding America's Industrial Base Through Tax Incentives 2:16 Understanding Bonus Depreciation and Its Impact on Business Growth 4:53 Exploring Accounting, Manufacturing, and Future Economic Strategies 6:40 Maximizing Depreciation Through Cost Segregation in Farming 10:13 Strategic Investments for Business Growth and Societal Benefit 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.

By Doug Green “We organize the chaos of invoices and inventory so businesses can focus on strategy instead of spreadsheets.” At the Channel Partners Conference and MSP Summit, I spoke with Tommi Ellis of IntraTEM about the company's move into the channel and how Telecom Expense Management (TEM) is becoming increasingly important for MSPs and their customers. IntraTEM has built its business over the past two decades serving clients directly, focusing on managing expenses across mobility, wireline, cloud, and SaaS environments. The company's approach goes beyond simple cost reduction. While identifying savings is part of the value, Ellis emphasized that the bigger opportunity lies in organizing invoices, managing inventory, and bringing clarity to complex telecom and IT environments. At its core, IntraTEM combines a robust portal with a strong human element. Ellis made it clear that while automation and platforms are essential, the company believes hands-on support is still critical. Customers are often dealing with multiple providers, fragmented billing systems, and limited visibility into what they actually have deployed. IntraTEM steps in to normalize that data and provide a clear operational picture. For enterprises, this means less time spent reconciling invoices and more time focused on strategic initiatives. For MSPs and channel partners, it opens up a new layer of value-added services that can deepen customer relationships and create recurring revenue opportunities. The timing of IntraTEM's move into the channel is deliberate. Ellis was brought on to build out the partner program, bringing nearly a decade of channel experience to the role. After years of direct sales, the company now sees the channel as the most effective way to scale its offering and reach a broader market. The message to MSPs and partners is straightforward: TEM is not just about cost savings—it's about control, visibility, and operational efficiency. As customer environments continue to expand across mobility, cloud, and SaaS, the complexity only increases. Partners who can help clients manage that complexity will be in a strong position to differentiate themselves. IntraTEM is positioning itself as that behind-the-scenes engine, helping partners deliver clarity in an increasingly fragmented communications and IT landscape. Learn more at: https://www.intratem.com

PWTorch editor Wade Keller presents the Tuesday Flagship edition of the Wade Keller Pro Wrestling Podcast with PWTorch's Chris Lansdell, making his long-awaited Flagship debut. They discuss these topics:Reaction to the WrestleMania's night 1 and night 2 line-ups release: Did WWE load WrestleMania night 2 at expense of night 1? Did they make good choices for the ESPNsimulcast first hours?What key element is WrestleMania 42 missing and was it avoidable?AEW Dynasty line-up so far a good counter to WrestleMania's weaknessThoughts on the Pat McAfee debacleChris Jericho's return to AEW and how can he be useful for AEW this time?Mailbag topic: Is AEW building for the future and what does the state of their original Four Pillars say?A preview of AEW DynamiteNew Japan's resurgenceA Foodie discussion closes out the free portion of the showBecome a supporter of this podcast: https://www.spreaker.com/podcast/wade-keller-pro-wrestling-podcast--3076978/support.

Amy starts us off with a story that is truly what sci-fi dreams are made of : Mike Marcum's Time Machine. Then Monique covers the supremely scandalous and eventful life of the unfortunately named Dorcas Hoar.  If you liked this episode, please take a moment to rate, review, and subscribe.Join us for the AFHP x Crawlspace Live Show: ⁠⁠⁠Criminally Stupid⁠⁠⁠ in NYC!Join Our⁠ ⁠⁠Patreon!⁠⁠⁠Check Out Our⁠ ⁠⁠Website!⁠⁠⁠Follow Us On⁠ ⁠⁠Instagram!

11. Fitzhugh Brundage examines Civil War prison administrators John Winder and William Hoffman. He details the harsh conditions at Libby Prison and Hoffman's focus on extreme cost-saving measures at the expense of prisoner welfare.,, (11)1865 Grant and staff

This episode opens with a blistering takedown of sensationalized financial media, using a Kiplinger income piece as the latest example of how risky, high-fee junk bond products get dressed up as safe income solutions for yield-hungry investors. Don and Tom explain why bonds are supposed to provide stability, not speculative upside, and why chasing eye-popping payouts usually means swallowing hidden risk, ugly expenses, and stock-like volatility. They then pivot to listener questions on building a teen's Roth IRA, whether Avantis or Dimensional funds make more sense than Vanguard for a small/value tilt, and why their website still shows mutual funds more prominently than ETFs, before wrapping with some loose studio banter and a reminder to send questions through TalkingRealMoney.com. 0:04 Rant on terrible financial advice and declining media trust 0:24 Criticism of Kiplinger and “investment porn” content 1:08 Concerns about newsletter-driven incentives 2:35 Warning against using short-term returns 4:13 Breakdown of Nuveen Multi-Asset Income Fund and unrealistic yield claims 5:08 Junk bond exposure and credit risk explained 6:18 Expense shock: 0.03% vs 3.38% 7:18 High yields = high risk reality 8:01 “Safe income” claim debunked 8:57 Collapse risk in downturns 9:37 Core principle: risk and return are linked 10:38 Fed/yield curve speculation criticism 10:56 Purpose of bonds: stability vs yield 11:27 Bonds as capital preservation, not return drivers 12:05 Example of high-cost junk bond ETF 12:12 Fewer trustworthy financial sources 13:16 Stop consuming financial media noise 13:38 Do something better with your time 14:32 Listener: teen Roth IRA strategy 16:33 Recommendation: AVGV single-fund approach 17:40 Fund-of-funds diversification explained 18:38 Listener: Vanguard vs Dimensional Fund Advisors / Avantis 19:45 Case for small/value tilt 21:59 Listener: ETF vs mutual fund inconsistency 24:12 Simple portfolio: DFAW / AVGE + BND 25:11 Studio banter and mic technique Learn more about your ad choices. Visit megaphone.fm/adchoices

Questions? Comments?This episode opens with a blistering takedown of sensationalized financial media, using a Kiplinger income piece as the latest example of how risky, high-fee junk bond products get dressed up as safe income solutions for yield-hungry investors. Don and Tom explain why bonds are supposed to provide stability, not speculative upside, and why chasing eye-popping payouts usually means swallowing hidden risk, ugly expenses, and stock-like volatility. They then pivot to listener questions on building a teen's Roth IRA, whether Avantis or Dimensional funds make more sense than Vanguard for a small/value tilt, and why their website still shows mutual funds more prominently than ETFs, before wrapping with some loose studio banter and a reminder to send questions through TalkingRealMoney.com.0:04 Rant on terrible financial advice and declining media trust0:24 Criticism of Kiplinger and “investment porn” content1:08 Concerns about newsletter-driven incentives2:35 Warning against using short-term returns4:13 Breakdown of Nuveen Multi-Asset Income Fund and unrealistic yield claims5:08 Junk bond exposure and credit risk explained6:18 Expense shock: 0.03% vs 3.38%7:18 High yields = high risk reality8:01 “Safe income” claim debunked8:57 Collapse risk in downturns9:37 Core principle: risk and return are linked10:38 Fed/yield curve speculation criticism10:56 Purpose of bonds: stability vs yield11:27 Bonds as capital preservation, not return drivers12:05 Example of high-cost junk bond ETF12:12 Fewer trustworthy financial sources13:16 Stop consuming financial media noise13:38 Do something better with your time14:32 Listener: teen Roth IRA strategy16:33 Recommendation: AVGV single-fund approach17:40 Fund-of-funds diversification explained18:38 Listener: Vanguard vs Dimensional Fund Advisors / Avantis19:45 Case for small/value tilt21:59 Listener: ETF vs mutual fund inconsistency24:12 Simple portfolio: DFAW / AVGE + BND25:11 Studio banter and mic techniqueLearn more about your ad choices. Visit megaphone.fm/adchoices

Questions? Comments?This episode mixes studio banter with a surprisingly substantive look at education and investing trade-offs. Don and Tom walk through data on the lowest-paying college majors, highlighting that many bachelor's degrees—especially in education and the arts—start and stay low in income unless paired with advanced study. They push back on the idea that college isn't worth it, citing Federal Reserve data showing higher lifetime earnings, better job stability, and longer life expectancy for graduates, while emphasizing the real danger: taking on large debt for low-paying fields. Listener questions cover Roth conversions (worth considering carefully within tax brackets), why 529 plans still beat so-called “Trump accounts,” and the flaws in covered-call income ETFs like JEPI—ultimately reinforcing their core philosophy: ignore gimmicks, focus on total return, and keep investing simple.0:04 Almost-live intro from “studio” (aka broom closet) and end of radio era2:10 Lowest-paying college majors and why outcomes vary3:23 Pharmacy (without grad school) and theology incomes4:22 Social services, performing arts, and education pay realities5:42 Liberal arts debate—value vs. earning potential7:42 Biology, hospitality, psychology, and other $45K careers9:22 Should you skip college? ROI vs. cost and debt10:44 Federal Reserve data on college ROI and lifetime earnings11:48 Job stability, longevity, and socioeconomic effects of degrees12:42 Mid-career earnings—education still lags badly14:32 The real issue: debt vs. income mismatch16:45 Roth conversion question—when it might (and might not) make sense19:21 529 plans vs. “Trump accounts” for kids' savings20:59 Covered call ETFs (JEPI, etc.) and income strategy pitfalls22:06 Why income-focused funds don't reduce risk23:07 Expense drag and hidden costs in “income” ETFs24:14 Gimmick investing vs. simple total return strategy25:43 Bellevue weather, Lyft misadventure, and wrap-upLearn more about your ad choices. Visit megaphone.fm/adchoices

This episode mixes studio banter with a surprisingly substantive look at education and investing trade-offs. Don and Tom walk through data on the lowest-paying college majors, highlighting that many bachelor's degrees—especially in education and the arts—start and stay low in income unless paired with advanced study. They push back on the idea that college isn't worth it, citing Federal Reserve data showing higher lifetime earnings, better job stability, and longer life expectancy for graduates, while emphasizing the real danger: taking on large debt for low-paying fields. Listener questions cover Roth conversions (worth considering carefully within tax brackets), why 529 plans still beat so-called “Trump accounts,” and the flaws in covered-call income ETFs like JEPI—ultimately reinforcing their core philosophy: ignore gimmicks, focus on total return, and keep investing simple. 0:04 Almost-live intro from “studio” (aka broom closet) and end of radio era 2:10 Lowest-paying college majors and why outcomes vary 3:23 Pharmacy (without grad school) and theology incomes 4:22 Social services, performing arts, and education pay realities 5:42 Liberal arts debate—value vs. earning potential 7:42 Biology, hospitality, psychology, and other $45K careers 9:22 Should you skip college? ROI vs. cost and debt 10:44 Federal Reserve data on college ROI and lifetime earnings 11:48 Job stability, longevity, and socioeconomic effects of degrees 12:42 Mid-career earnings—education still lags badly 14:32 The real issue: debt vs. income mismatch 16:45 Roth conversion question—when it might (and might not) make sense 19:21 529 plans vs. “Trump accounts” for kids' savings 20:59 Covered call ETFs (JEPI, etc.) and income strategy pitfalls 22:06 Why income-focused funds don't reduce risk 23:07 Expense drag and hidden costs in “income” ETFs 24:14 Gimmick investing vs. simple total return strategy 25:43 Bellevue weather, Lyft misadventure, and wrap-up Learn more about your ad choices. Visit megaphone.fm/adchoices