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Play Episode Listen Later Oct 27, 2025 41:40

Keith discusses strategies for amplifying investing returns and reducing lifetime tax burdens through real estate, geography, and industry. He compares tax burdens by state and explains how investors can leverage low-income tax states and low-property tax states. Podcast host, investor and developer, Victor Menasce, joins the conversation to highlight the industrial real estate market, emphasizing the demand for warehousing and logistics.They touch on the potential in industrial outdoor storage and the complexities of data center investments. Reach out to Y Street Capital to learn more about their projects and the real estate espresso podcast. Resources: Switch to listening to the podcast on the Apple Podcasts or Spotify app, as the dedicated GRE mobile app will be discontinued at the end of the month. Show Notes: GetRichEducation.com/577 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text 1-937-795-8989 to speak with a freedom coach Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold 0:00 Welcome to GRE. I'm your host. Keith Weinhold, we're talking about how you can use real estate, geography and industry to amplify your investing returns over the course of your life and permanently reduce your lifetime tax burden today on Get Rich Education. Keith Weinhold 0:21 You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products. They've got workshops, webinars and seminars designed to educate you before you invest, start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom, family investments.com/gre, or send a text. Now it's 1-937-795-8989 77958989, yep, text their freedom coach directly. Again, 1-937-795-8989, Corey Coates 1:34 you're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 1:49 Welcome to GRE from Milford, Delaware to Milford, Utah and across 188 nations worldwide. I'm Keith Weinhold, and this is get rich education, the voice of real estate investing since 2014 now, what do you think about a multi week government shutdown? That means there's a cut in your service level, but of course, oh geez, there's no commensurate cut in the amount of taxes that you pay. This is the government's version of charging rent on a vacant unit. That's what's happening. That's what we've been looking at in the biggest expense you'll ever pay in your life. It isn't housing, it's taxes. Before I get to how you can reduce the amount of taxes that you'll pay throughout the course of your life, which is huge. Let's pull back, and I guess it's a bit of a real estate geography riddle for you, imagine if there were a place that existed, and this place is within a 15 minute drive of a seacoast, 15 minutes of mountains, within 15 minutes of an urban core of about 300,000 people, and within 15 minutes of an international airport and a decent airport that has direct, non stop flights to Europe. Even, could that place exist all of that? I mean, it almost sounds too good to be true when I put it like that, yes, it does, and it's in the United States. On top of that, this same place with proximity, within 15 minutes of all four of those things, has zero state income tax and zero sales tax. Yes, all this is in the same place, and that's where I am coming to you from today, Anchorage, Alaska. I traveled a good bit, and I can't think of another place in the US quite like it. A quick check of Chad GPT corroborates this, saying that the US places that come closest are Honolulu, Juneau and Bellingham, Washington. They come the closest to that. Now, the biggest downside, in my opinion, is a long, dark, cold winter. Well, that's when I do more traveling, but I spend many months of the year right here in Anchorage. And my guest today, who you'll hear from later, I haven't had him on the show in years, where recently he I and his wife, Natasha, toured Anchorage. I drove them around. Keith Weinhold 4:29 first, let me tell you about a creative way to pay both a low property tax and a low income tax, and that is no matter what state or province that you live in now, the big three taxes that people pay throughout their lives are income tax, sales tax and a property tax. Those are the big three, and when you combine those to come up with the highest and lowest tax burdens by state, you'll notice that coastal states often pay the most. They generally have the biggest burden, because coasts attract people, and therefore those highly populated areas, they need infrastructure, say, for example, more bridges, and they often have more social services for people, and it costs tax money to maintain all of that. Now, look, will people move to an area specifically because they can get low taxes there? Like is that amenity in itself an attractant? Actually, not so much. No, you do get some people to move to Puerto Rico, predominantly for that reason. But interestingly, the two states with the lowest overall tax burden, that is, when you combine income, sales and property tax, the lowest are Alaska and Wyoming, and yet they have the fewest people living there, under 1 million people each. So the two states with the lowest tax burdens are also the two least populous states. So it is not making people flock there. So where you choose to live? Oh, that has more to do with your overall quality of life. And you know that's probably as it should be. Well, whether you own your home or you rent your home, you effectively do pay property tax, because tenants end up subsidizing the landlord's expenses. Most property tax maps that you see out there, those national property tax maps, they show the average tax bill that a household pays by state, regardless of real estate values. Well, that's not so useful. You might remember that a few weeks ago in our newsletter, I sent you the best and the smartest property tax map that I have by county. You'll remember that it showed the property tax paid as a percentage of the home value, so that relative basis is what matters more. When we look at property tax paid that way, we can more transparently see that the highest property taxes are generally paid in three US regions. Those three regions with the highest property taxes are the northeast, much of the Great Plains and Texas now a 1% property tax rate is, for example, when you have to pay 4000 bucks a year on a property value of 400k That's that 1% and the lowest are in the Western US and the nation's southeast quadrant, often under 1% we're just talking about the property taxes only here. Now out west, lower property taxes, they still rarely create investor cash flow, and that's because purchase prices are too high out west, and rents don't keep up with them proportionally. But low taxes, they do adequately sweeten the most investor advantaged areas, that is in the southeast Indiana, Missouri, Oklahoma, Hawaii, and a bunch of the Mid Atlantic states. All right, so they are the investor advantaged areas that also have low property tax. The nation's lowest property tax rate is in Alabama. Roll tide, I think I've mentioned that on the show before. All right, so that's property tax, but states have to get their revenue somewhere, so oftentimes, if their property tax is low, well then they have to make up for that. So therefore their income or sales tax can be high. Now as far as income tax, each state has their own of course, the high ones are New York, New Jersey, California and Hawaii. Those are many of the high ones. But there are nine states with zero, absolutely zero, state income tax, and those nine states that are free of income tax are the aforementioned, Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming and Washington gets somewhat of an asterisk that has a little wrinkle in it. That's one of the nine with the wrinkle, you'll pay zero income tax on your wages in Washington. It only applies to high earners, capital gains tax income there, all right. Well, all of that is true for everybody there, every US citizen. But here's the arbitrage that a real estate investor can create. If you live in one state and you own property in another state, you always pay property tax where the property is physically located, not where you live. I mean, any longtime out of state real estate investor knows that. So you can therefore live in a state with little or no income tax, for example, Texas, and then a Texas resident can skirt Texas's higher property tax by investing in a different state that has low property tax, like, say, Alabama or Tennessee. Oh, well, now both your property tax and your income tax are low this way. And congratulations, you have just legally exploited the tax system. Some examples of a low income tax home state where you live and a low property tax investor state where your investment property is, so that you get the best of both worlds. They are, Texas is your home state, and Alabama is your investment property state, like I just described, and then a few other scenarios, so that you can legally use the system to pay both a low income tax and low property tax. Are having Pennsylvania as your home state and Missouri as your investor property state, having New Hampshire as your home state and Tennessee is your investor property state. And then another example, having Washington as your home state and Arkansas as your investor state. Those are just some examples of combinations there about how you can live in a low income tax state and then also enjoy having your investment property in a low property tax state and see perhaps now you're doing this without having to move. Yes, investing in low property tax states. Now, of course, property taxes are set at the county or city level. They're not set federally, but just within one state. Sometimes property tax can vary dramatically, which you probably know, but two of the biggest examples of this are in Illinois, Cook County, which is Chicago, and also Miami, Dade County, Florida. I mean those jurisdictions, they have tax rates that can make wallets cry more than their surrounding counties do, and some states have maximums, legal limits ceilings on property taxes. California proposition 13 famously limits property tax to 1% of assessed value, and then the increases are capped as well. I mean this means the two California neighbors with identical homes can pay wildly different taxes, and Florida is still looking to completely eliminate the property tax. Can you imagine that? I mean, it seems doubtful that that will happen, but you can conceive of how much more desirable that would make Florida properties, and that would probably make all Florida housing values skyrocket now, just because a property has a high property tax rate that doesn't disqualify it as an investment property alone, it's just one consideration that'll show up in your proforma, your cash flow. So the bottom line is that as an income property owner, property tax is mostly passed on to your tenant, but paying a low rate still keeps you more flexible and profitable. So think of a map of states with low property taxes, sort of like a treasure map, but instead of x marking the spot, it marks where your money will go the furthest. Keith Weinhold 13:36 And if you want real estate maps like I'm talking about here, and stories and great charts and investment opportunities that I cannot fit onto the channel. Here, you can grab them in my free weekly newsletter at gre letter.com and part of this is because I just cannot adequately describe a map or a chart to you here in an audio format. You get more in the letter free wealth, building insight every week. And it comes straight from me. 1000s of investors read it every week. Don't live below your means. Grow your means. Get It At gre letter.com Again, that's gre letter.com Keith Weinhold 14:20 something interesting just happened when Wells Fargo released their housing forecast for the next two years. Let's discuss that between today and 2027 they expect the federal funds rate to drop by a full 1% but they don't expect mortgage rates to drop as much only about a quarter point drop over the next two years in the 30 year fixed rate. For next year, they expect home prices to rise three and a half percent, and then the year after 3.7%. looking down the road a couple years here, and this is sorced by Wells Fargo economics and the US Department of Labor and the FHFA and more. All right, so only a small reduction in mortgage rates and a pickup in home price appreciation, although still pretty moderate. Now you gotta take any interest rate prediction with a grain of salt, like I've told you here before. I personally, I do not forecast interest rates, and when you're looking at interest rate predictions, you are squarely looking at a waste of your time. Keith Weinhold 15:34 Now, a recent Gallup poll wanted to find out what Americans consider to be the best long term investment. That's the question that the pollsters asked, what is the best long term investment? And the findings were that 16% said stocks. I mean, despite the fact that stocks only seem to make insiders wealthy, still somehow 16% of Americans consider stocks to be the best long term investments, a higher share of Americans, 23% said gold. That actually surprises me, that nearly one quarter of Americans say that gold is the best long term investment, when only about 10% of Americans own gold in the physical form, like bars or coins. And part of this could be driven by the recent hype, where the gold price has more than doubled just since last year, and it broke above $4,000 an ounce for the first time in history this month. All right, so 16% said stocks, 23% said gold. And what's number one in the Gallup poll for what Americans believe is the best long term investment? It's real estate. Ah, well, they got that right. That actually gives me a little more faith than Americans there. Now, when it comes to real estate investment, you know, there's this long running mantra or catchphrase out there that I really disagree with. I mean, you've certainly heard this before, but it just does not resonate with me. And that is, appreciation is just the icing on the cake. That's the catchphrase I am not feeling the vibe there. How in the heck is appreciation just the icing on the cake? The presumption, the inference here, is that cash flow is the main driver of an investment philosophy, and then if you just happen to get appreciation too, oh, well, that's a little sweetener. Like the mantra would say cash flow is the cake, the majority piece, and then appreciation since the icing, oh, that's only a little thing. No, that's misleading. You usually get more of a return from appreciation than you do cash flow. Keith Weinhold 17:56 I mean, on, say, a 400k income property, what if you only get $200 of cash flow? That can happen? That's $2,400 a year. But instead, 5% appreciation on that property gives you $20,000 a year. That is almost 10x. I think what the icing on the cake, curious catchphrase means is that cash flow is important because it controls the mortgage. Well, then I think it's just better to say that appreciation is not an inconsequential thing. It's often the biggest thing. So is appreciation just the icing on the cake? No, it certainly is not. In fact, I'm going to talk more about that next week when I've got something special planned for you here on the show. What I'm going to do then is look at the ways real estate pays you five ways in a slow market, the real estate market is slow. If you look at it on a basis of transaction volume, say that you buy a property today and over the next year, you don't even get what Wells Fargo forecasts say you only get 2% appreciation and zero cash flow. Just break even on a monthly basis. I mean, there's surely some disappointing numbers, but just say that's what happens. Well, next week, I'm going to add up what your total rate of return would be even in this dour scenario, and I think that you are going to Marvel be flabbergasted at how profitable you are if you just got 2% appreciation and zero cash flow. That's next week. Keith Weinhold 19:36 As far as today, I'm about to bring in a super smart guest that hasn't been on the show here in a few years. He's usually a fellow faculty member on the real estate guys invest or summit at sea. But he wasn't there with me this year, so we met up in Anchorage. Instead, we're talking about changes to commercial real estate that market, and the opportunities that you might be able to find there from Industrial land, an activity that well generates noise, like Bitcoin mining operations and growing data centers with the increased use of AI. And as you listen, see if you know what I mean about how he feels professorial in his approach, and I mean that in the best possible way you can learn from him. He's from Ottawa, Canada, an international conversation coming up next. I'm Keith Weinhold. You're listening to Episode 577, of get rich education. Keith Weinhold 20:34 If you're scrolling for quality real estate and finance info today, yeah, it can be a mess. You hit paywalls, pop ups, push alerts, Cookie banners. It's like the internet is playing defense against you. Not so fun. That's why it matters to get clean, free content that actually adds no hype value to your life. This is the golden age of quality email newsletters, and I write every word of ours myself. It's got a dash of humor. It's direct, and it gets to the point, because even the word abbreviation is too long, my letter takes less than three minutes to read, and it leaves you feeling sharp and in the know about real estate investing, this is paradigm shifting material, and when you start the letter, you'll also get my one hour fast real estate video, course, completely free as well. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be simpler to get visit gre letter.com while it's fresh in your head, take a moment to do it now at gre letter.com Visit gre letter.com Keith Weinhold 21:46 the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President chailey Ridge personally while it's on your mind, start at Ridge lending group.com, that's Ridge lending group.com, Tarek El Moussa 22:19 what's up? Everyone. This is hgtvs Tariq al Musa. Listen to get rich education with Keith Weinhold, and don't quit your Daydream. Keith Weinhold 22:27 Hey, it's great to welcome back a longtime industry friend. He's a senior partner at y street capital. He owns a development company that's active in nine US states and two Canadian provinces, and he's the host of the real estate espresso podcast. Hey, it's great to have back. It's been a few years. Victor Menasce, great to be here. Keith, well, you know what's different? I mean, we were together doing some sightseeing around Anchorage, Alaska. You I and your wife here just a few weeks ago. That was great to have you. And then you had a nice Alaskan cruise after that. It was lovely. It was great to spend time with you in person, where you and I have spent time together at conferences all around the nation. So thank you for that. Yeah, it was great to do some fun stuff and like, Oh, hey, this guy knows a world outside of just talking about cap rates all the time. So Victor, the commercial side is pretty dynamic, and it sure has been lately with all the changes that we've had in the world, really starting with the pandemic almost six years ago, now, that includes the industrial space and how the need for warehousing and storage has changed. So from a real estate perspective, tell us about what you're seeing there. Victor Menasce 23:41 We're seeing a lot of changes. Of course, there's a lot of uncertainty that's been injected by the current administration in Washington in terms of international trade. But even if you put that aside the flow of goods from wherever they're manufactured to the end customer, that flow is still there. It's one of these things that often creates inefficiencies, especially as you start to think about really optimizing the overall cost. You know, if you think about what inventory costs you to have on a retail floor where you might be renting that retail space at, I don't know, 55 $60 a square foot, and it's occupying very, very expensive real estate, if you can instead put that in a warehouse that's maybe at 10 to $15 a square foot. Oh, but wait a minute, you've got a 27 or a 35 or a 40 foot ceiling height, and you're stacking it seven to nine levels high. Really, the cost of that inventory has gone way, way down because you're putting it much less expensive real estate, right? Okay, so here is one of the efficiencies of a retailer doing e tail instead of brick and mortar retail, absolutely. And you know, we often see situations where the last mile, you know, we want to get that instant gratification as a consumer, but we don't necessarily want to be having to drive to that retail space. And we don't that's. Supplier doesn't necessarily want to pay Amazon for warehousing that particular product. So often, the fulfillment is done locally, that last mile Logistics is extremely important. That's putting a lot of pressure on this category of product that has traditionally been called Flex industrial. These are those places in the industrial park that you might see an electrician or a landscaping company or a plumber or anyone like that that has an office at the front of 14 or 18 foot Bay at the back and a bit of inventory. A lot of that product right now is being pulled off the market for many different reasons. Some of that's just disappearing and that land is getting repurposed for residential. Some of it's disappearing because people are putting gyms and pickleball courts and things like that and those types of products. Some of it's disappearing because people with exotic car collections want to use that space for a man cave. There's many different things that are demanding that particular product, and there's very little of it getting built. So that's another area right now that is under a lot of pressure. On the demand side, not a lot of new supply and rents are going up much, much faster than they otherwise should be. Talk to us more about the industrial space from the supplydemand perspective, what do people want and what do people need? It varies widely. There are companies that are in manufacturing, they will often look to refresh their investment in equipment. They may not have the capital, so they will sometimes do a sale, lease back of their building, of their facilities, so that they can then repurpose some of that capital onto into the equipment side, so that they can maybe modernize their manufacturing. That's another area where we see significant shifts happening. In industrial we also see a lot in logistics, where the most efficient way to move goods is a 200 year old technology called rail, and it's still alive and well. I mean, if you think about the cost of shipping a container across the country, you're going to spend about two cents per ton mile to move that by rail, or about 10 cents per ton mile to do it by truck. So that's a five times difference in price. That means a container from Los Angeles to New York is going to cost you about $1,400 if you're moving it by rail, or about $7,500 if you're moving it by truck. But if you're now part of the rail system, there's now logistics that you have to worry about at either end. And so if you want to make all of that work, those transfer hubs become extremely important, and there's just not a lot of them, Keith Weinhold 27:38 okay, so it might only cost 1/5 as much per ton mile to move a good over rail as it does road. But you're sort of talking about the logistical challenge of, oh, getting it that last mile from the rail Terminus to the end user. Victor Menasce 27:53 absolutely. And there can be a lot of cost associated with that last mile. So if you can solve that problem for the logistics companies and lower their cost for that last mile. That's got significant value, and that's another demand for industrial land. And very few cities are adding industrial land to their master plan. You know, warehouses don't vote, so they don't tend to take other land and zone industrial In fact, if anything, it goes the other way. There's a lot of pressure to take land that was zoned industrial and rezone it for commercial or for residential. In fact, we see that in a lot of cities. Keith Weinhold 28:30 Now, you the listener, if your entrepreneurial wheels are turning, you can see the opportunity for, Hey, can I get in and help solve the problem in that last mile demand creatively. How do I think I could get in? How do I think I could do that, as long as that demand is sustainable? Victor, when we talk about industrial real estate, like we are here as real estate investors, one of the things that we often think about is site selection. Tell us more about that through the industrial lens Victor Menasce 28:58 I think there's a couple things that matter. Number one, you can't pay too much for it. It's got to be at the right price. So you've got to be thinking about, you know, we always do what's called residual land value analysis and and that happens in residential, commercial, every single asset class, everyone works backwards from the answer to the question. So the answer is, here's how much profit I need to generate. Here's my capital cost. Here's, you know, you keep backing up and you say, well, now what's left over? That's what I can afford to pay for the land. So you always gotta be working backwards from the answer to the question. And this is no different. We do this in industrial as well. So you gotta make sure that that situation where the numbers work. Number two, you've gotta make sure that there is the right supply, demand dynamics. Got to make sure that the property itself is not contaminated. That can be a liability. If that was once a heavy industry site, then there could be contamination. You want to make sure that that's somebody else's problem, not yours, or if it is your problem, that you can mitigate it where the cost is bounded. So you got to. You know, look at all of these things together. And then, of course, there has to be good connectivity, good access to freeways, to major arterial roads, good access to rail. If you can get a Rails per on the property, even better. But even if you can't, as long as you have good access to major roads. You know, I always look at this through the lens of product design, where you're designing a product for a very specific customer. And so it's really, it starts with the end customers need in mind. And it's not a speculative process. It's really understanding who that customer is designing a product for them and making sure that you're delivering it at the right price. So it's always, always working backwards from the answer Keith Weinhold 29:43 nowwhen we think about site selection and geography of where we're putting this real estate cities are often located on a body of water, like a bay or a river, often runs through a city, but yet you think of industrial use. Land is not your priciest land, but yet you think of a city center as your priciest land. Oftentimes, where do you put the industrial real estate with regard to the city center? I usually think of it as far outside of that. But are there other trade offs or nuances there? Victor Menasce 31:11 it can be. You know, it's a question of whether you're doing a greenfield project or an infill project. If the land was previously zoned industrial and you're now just redeveloping it, that can make a lot of sense. If it is a greenfield project where you're looking to build new then, yeah, it's probably going to be in the outskirts, because that's where you're going to get the best land cost. And then, of course, you got to be thinking about what the end product is, and it what's it going to cost you to get it where it needs to be. Most of these projects are built slab on grade, which means that the surface has to be suitable for that sort of building. The land might be cheap, but if you've got to bring in half a million yards of gravel to get the site where it needs to be, it might not look cheap anymore, because you could import so much material. So you have to think of the cost of the land in a shovel ready context, because you can spend an awful lot of money moving dirt, moving gravel, things like that that will be necessary for an industrial project. So when we look at land for that product, we're always looking at it through the lens of, is it in a floodplain? Is it high enough ground? Is it drain? Well, all of those things that come into the cost of preparing the site to accept that kind of a building. Keith Weinhold 32:23 Now, when we think about what goes on in an industrial space in your mind's eye, you might think of an asphalt plant, or you might think of the noise in some rumbling concrete trucks. With regard to that, what are your thoughts about nimbyism? Do you see much, not in my backyardism among communities with industrial real estate. Victor Menasce 32:44 Oh, absolutely, without a doubt. And oftentimes that's one of the reasons why industrial land often gets pushed out away from those residential zones. So once you're outside the radius of people who can object, then there's no objection. So that's one way to solve it, and often a good way to solve it, by the way, but you also have to be mindful the fact that if there is potential contaminants coming off of that site, you don't want to be near a body of water that can carry it down into an aquifer and so on. So you've got to be thinking through containment issues. You've got to be thinking through noise propagation issues. There's been, in fact, a lot of issues with data centers, where the air handling and the the air conditioning systems right generate a lot of noise, and that noise often carries over very large distances. And you know, we're talking noise levels that would be very offensive to most homeowners. Some people have had to move because the noise levels have just been so continuous. Keith Weinhold 33:42 I like the way you put that Victor. It's sort of like, yes, industrial parks are built outside the radius of the loudest objectors. That's right where they're going to go. But that's really the way that it is sometimes when we think about more contemporary uses for how we use industrial real estate today. You touched on data centers, also Bitcoin miners, you know, these are some of the things that generate noise. So what are some of the considerations with those two? Victor Menasce 34:06 If you're looking at a data center, they consume a lot of power and they generate a lot of heat. The most efficient way to get rid of heat is with water. And that sounds a little bit strange, but you think about it this way, if you heat a molecule of water by one degree. I'm going to actually give you the textbook definition of a calorie. You take that water and you heat it by one degree, that'll consume one calorie of water. That's the definition of a calorie. And if you take it from the liquid state to the vapor state, just that phase change at 212 degrees Fahrenheit, or 100 degrees centigrade, that phase change is going to consume 500 calories. So you're getting rid of tremendous amount of heat by evaporating water, and that's why data centers consume so much water, is because they evaporate the water. That's the way they get rid of the heat. They evaporate it into the atmosphere. And that's how they get rid of the heat. It's the most efficient way to do it, but it consumes a lot of water resources. And then, of course, you've got to have the power to get into the data center, and a lot of places don't have the electric infrastructure to provide what's needed on a sustained basis. So you need not just good power, you need good power redundancy. So if there's a power failure here, you've got maybe redundant paths. So if one transmission line goes down, you've got alternate paths to keep the data center running. And you need the same thing also with communication, so multiple redundant fiber pathways in and out of the data center. So all of these things come into site selection. And then if you got all of that right, you got to overcome the neighborhood objections. Keith Weinhold 35:45 Yes, that's right. We're doing a little science here with Victor Menasce, experienced international developer, and Victor when we think about industrial real estate, and we're here on an investing show. You know, maybe an investor sees potential in data center real estate or something like that. So for the individual investor, what can they do? Can they do anything individually? Are there funds to invest in, to either avoid or be attracted, to tell us about how the investor can get in? Victor Menasce 36:15 We're not active in data centers. We're active more on the industrial side. I know the existence of data center funds. I know, for example, Kevin O'Leary, very famous Shark Tank, is a major investor in data centers. If you look him up, there might be some potentials there. Many of the major players in artificial intelligence, Oracle right now is taking on a boatload of debt to build data centers for open AI, so they're going to both build and operate those data centers. And I don't know where they're getting their capital, but they're getting a lot of it, or at least that's what's been announced publicly. Data centers require a lot of at least at that scale, require tremendous amount of infrastructure. We're talking hundreds of acres. We're not talking a small warehouse here that might be a million square feet. We're talking big, big acreage for those scale projects and for more localized projects. Yeah, there are smaller data centers, but they're not that economical to run. So it's usually the large ones that are the most cost efficient. Keith Weinhold 37:16 Well, two things Victor is there anything else about industrial real estate? Our listeners should know maybe something I did not think about asking you and then tell our audience how they can learn more about what you're doing. Victor Menasce 37:27 We see opportunity in particular. We think of it almost like a covered land play. We're very active in the industrial outdoor storage space where there is need for things to be stored outdoors. It might be landscaping companies that want to buy materials by the truckload. It might be car dealerships that have an excess of inventory. It might be boat and RV storage. There's many different uses for secured outdoor storage, and these are products that are designed very specifically for customers that have those needs. And as a covered land play, frankly, some of the best returns that are available in the marketplace. We've looked at a number of different things, and this is where we're placing majority of our energy right now as a development company is in that space, because we see it as an underserved segment of the market where there is not a lot of institutional money that's come into the play yet, so we're very active in that space. Keith Weinhold 38:22 And how can our audience learn more about what you're doing Victor Menasce 38:25 best is to reach out to us at y Street, capital com. Be happy to have if folks want to learn more about our projects. There's a place where they can sign up on the website to get more information. And love to have you as guests or as listeners to the real estate espresso podcast, and that's a daily show, seven days a week, so love to have you as a listener for that show as well. Keith Weinhold 38:46 And that's the letter Y, Y Street, capital.com,Victor Mesance, it's been enlightening as always. Thanks so much for coming back onto the show. Victor Menasce 38:55 Thank you so much. Keith Weinhold 39:02 Oh yeah, good stuff from Victor as always. Another thing that he, I and his wife did in Anchorage when he was here recently is visit, well, it was not an AI data center, but we went to a mint that sells gold bars, nuggets and bullion. I really just looked. It was fun to look with Victor and actually pick up and hold gold nuggets, something that you cannot do online. I didn't have any intent to buy anything with the run up in precious metals prices. I made my last purchase of those in the middle of last year. So a year and four months ago today, I hear about lots of people rushing to buy precious metals. Now, amidst this big price run up and the run up might still have a ways to go, but no, the time to buy was like a year and a half ago or more. It's not now getting caught up in the euphoria this sort of exhaltation where you're paying double the price. Keith Weinhold 40:03 next week here on the show, I've got more that I want to share with you on today's opportunity in new build rental property. How real estate pays five ways in a slow market, which is just fascinating. And I've got a GRE live event to tell you about next week as well, and more, lots of intriguing wealth building material here in future weeks, and then sometime after that, my own right hand assistant here at GRE is going to come out of the show and ask me some of your listener questions. It's the first time you'll hear her voice on the show. But more importantly, get my answers to your investing questions. If you'd like your question answered on a listener questions episode down the road, as always, you can write into us at get rich education.com/contact, that's get rich education.com/contact, until next week, I'm your HOST. Keith Weinhold, don't quit your Daydream. Unknown Speaker 41:02 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively, Keith Weinhold 41:30 The preceding program was brought to you by your home for wealth. Building, get richeducation.com

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MBA Wire Taps 453: PM, 327 GRE, 320 GRE, retake? 685 GMAT, from Mexico

Play Episode Listen Later Oct 27, 2025 37:11

In this week's MBA Admissions podcast we began by discussing the current state of the MBA admissions season, with interview invites continuing to roll out. This week, Georgetown / McDonough is scheduled to release its Early Action decisions and Cornell / Johnson is scheduled to release its Round 1 interview invites. We also anticipate that MIT / Sloan will release its Round 1 interview invites. We then had a discussion on the H1-B visa situation, concluding that US MBA graduates residing in the USA may now be at an advantage, over those who apply for the visa from their home country. This is an ongoing and impactful situation for top MBA candidates. Graham highlighted next week's events being hosted by Clear Admit, concluding a series focused on MBA programs in different regions of the United States. Signups for all these events are here, https://www.clearadmit.com/events Graham also highlighted our next livestream AMA, which is scheduled for today, Monday, October 27; here's the link to Clear Admit's YouTube channel: https://bit.ly/cayoutubelive. Graham noted two recently published admissions tips. The first focuses on Wharton's Team-Based Interview; Wharton released its interview invites for Round 1 last week. The second focuses on developing a target program list, helpful for those applying in Round 2. He also shared a peek at some comments from a first year MBA student at Duke / Fuqua, as part of our ongoing Real Humans series. We then reviewed the Berkeley / Haas Class of 2026 profile, and the NYU / Stern Class of 2026 profile. Both declared slightly smaller class sizes, and a higher proportion of international students in the class. For this week, for the candidate profile review portion of the show, Alex selected three ApplyWire entries: This week's first MBA admissions candidate applied in Round 1 to a few programs and is now considering their Round 2 strategy. They have progressed from an analyst role to a product management role. This week's second MBA applicant is an investment banking analyst in the digital infrastructure domain. They have a 320 GRE, and we really hope they retake the test. The final MBA candidate is from Mexico and has a 685 GMAT score. Their overall profile does look strong, and they want to do investment banking in the short term, post MBA. This episode was recorded in Saratoga Springs, New York and Cornwall, England. It was produced and engineered by the fabulous Dennis Crowley in Philadelphia, USA. Thanks to all of you who've been joining us and please remember to rate and review this show wherever you listen!

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Episode 565: As little as possible (why men need to do the bare minimum)

Play Episode Listen Later Oct 27, 2025 11:15

Women often complain online about men doing “the bare minimum” when planning and executing dates. In today's episode, I present a number of arguments why it may – in fact – be in men's best interests to do as little as possible, especially early in the courtship process. Besides enabling men to establish sustainable reinforcement protocols, doing as little as possible helps men separate the women who really like them from the women who simply want to use them for their own purposes. This is why men need to do the bare minimum. Join my community: https://the-captains-quarters.mn.co Buy my book, "The Value of Others" Ebook: https://amzn.to/460uGrA Audiobook: https://amzn.to/3YfFwbx Paperback: https://amzn.to/3xQuIFK Book a paid consultation: https://oriontarabanpsyd.com/consultations Subscribe to my newsletter: https://oriontarabanpsyd.com Social Media TikTok: https://www.tiktok.com/@oriontaraban Facebook: https://facebook.com/profile.php?id=100090053889622 LinkedIn: https://www.linkedin.com/in/orion-taraban-070b45168/ Instagram: https://instagram.com/psyc.hacks Twitter: https://twitter.com/oriontaraban Website: https://oriontarabanpsyd.com Orion's Theme: https://www.youtube.com/watch?v=WrXBzQ2HDEQ Thinking of going to grad school? Check out STELLAR, my top-rated GRE self-study program based on the world's only empirically-validated test prep system. Use the code "PSYCH" for 10% off all membership plans: https://stellargre.com. Become a Stellar affiliate and earn a 10% commission for every membership purchased by a new student you conduct into the program: https://stellargre.tapfiliate.com. GRE Bites: https://www.youtube.com/@grebites4993 Become a Psychonaut and join PsycHack's member community: https://www.youtube.com/channel/UCSduXBjCHkLoo_y9ss2xzXw/join Sound mixing/editing by: valntinomusic.com Presented by Orion Taraban, Psy.D. PsycHacks provides viewers with a brief, thought-provoking video several days a week on a variety of psychological topics, inspired by his clinical practice. The intention is for the core idea contained within each video to inspire viewers to see something about themselves or their world in a slightly different light. The ultimate mission of the channel is to reduce the amount of unnecessary suffering in the world. #psychology #dating #relationship

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Episode 564: Garden tools (how to capture male attention)

The Steve Harvey Morning Show

Play Episode Listen Later Oct 24, 2025 10:47

In today's episode, I'll be discussing garden tools – but not the horticultural type. The fact is that hoeish behavior persists on the population level because it works. Women who behave this way know how to capture male attention and resources. That said, while it may not be possible to turn a hoe into a housewife, you can – in fact – turn a housewife into a hoe. Join my community: https://the-captains-quarters.mn.co Buy my book, "The Value of Others" Ebook: https://amzn.to/460uGrA Audiobook: https://amzn.to/3YfFwbx Paperback: https://amzn.to/3xQuIFK Book a paid consultation: https://oriontarabanpsyd.com/consultations Subscribe to my newsletter: https://oriontarabanpsyd.com Social Media TikTok: https://www.tiktok.com/@oriontaraban Facebook: https://facebook.com/profile.php?id=100090053889622 LinkedIn: https://www.linkedin.com/in/orion-taraban-070b45168/ Instagram: https://instagram.com/psyc.hacks Twitter: https://twitter.com/oriontaraban Website: https://oriontarabanpsyd.com Orion's Theme: https://www.youtube.com/watch?v=WrXBzQ2HDEQ Thinking of going to grad school? Check out STELLAR, my top-rated GRE self-study program based on the world's only empirically-validated test prep system. Use the code "PSYCH" for 10% off all membership plans: https://stellargre.com. Become a Stellar affiliate and earn a 10% commission for every membership purchased by a new student you conduct into the program: https://stellargre.tapfiliate.com. GRE Bites: https://www.youtube.com/@grebites4993 Become a Psychonaut and join PsycHack's member community: https://www.youtube.com/channel/UCSduXBjCHkLoo_y9ss2xzXw/join Sound mixing/editing by: valntinomusic.com Presented by Orion Taraban, Psy.D. PsycHacks provides viewers with a brief, thought-provoking video several days a week on a variety of psychological topics, inspired by his clinical practice. The intention is for the core idea contained within each video to inspire viewers to see something about themselves or their world in a slightly different light. The ultimate mission of the channel is to reduce the amount of unnecessary suffering in the world. #psychology #relationship #dating

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Mestno gledališče ljubljansko - Branislav Nušić: Pokojnik

Ocene

Play Episode Listen Later Oct 24, 2025 1:37

Na velikem odru Mestnega gledališča ljubljanskega so premierno uprizorili komedijo Pokojnik Branislava Nušića. Gre za zadnjo, leta 1937 napisano igro srbskega dramatika, ki je živel med letoma 1864 in 1938. Na Slovenskem so jo prvič uprizorili že leto po nastanku, prevedena je bila kar trikrat, tokrat jo igrajo v prevodu Mileta Klopčiča. Pokojnika je na oder postavil hrvaški režiser Ivan Plázibat. Premiero si je ogledala Staša Grahek. Pokojnik, 1937 Komedija Premiera: 23. oktober 2025 Prevajalec Mile Klopčič Režiser Ivan Plazibat Dramaturginja Petra Pogorevc Scenografka Urša Vidic Kostumografka Tina Bonča Avtor glasbe Laren Polič Zdravič Prirejevalka prevoda in lektorica Maja Cerar Oblikovalec svetlobe Andrej Koležnik Oblikovalec zvoka Sašo Dragaš Nastopajo Branko Jordan, Primož Pirnat, Iva Krajnc Bagola, Bernarda Oman, Jožef Ropoša, Mila Peršin AGRFT, Tomo Tomšič, Gal Oblak k. g., Gašper Jarni, Gaber K. Trseglav, Filip Žunić AGRFT, Nika Manevski k.g., Robert Kladnik AGRFT Foto: Peter Giodani https://www.mgl.si/sl/predstave/pokojnik/

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Marjan Šorli in udomačena arhitektura - razstava v Muzeju za arhitekturo in oblikovanje v Ljubljani

Razgledi in razmisleki

Play Episode Listen Later Oct 23, 2025 18:48

Razstavo si lahko ogledamo vse do 8. februarja 2026. Gre za prvo postavitev v seriji Predogled, ki zbirko iz muzeja predstavlja kot odprt komentar in ne v klasični kurirani obliki. Tako vidimo na razstavi dokumente, načrte, knjige, časopise, risbe, izjemne fotografije in predmete arhitekta Marjana Šorlija. Letos namreč mineva 110 let odkar se je arhitekt Šorli rodil. Bil je vsestranski ustvarjalec, projektant, urbanist, premišljevalec, predavatelj, publicist, predvsem pa zagovornik in uresničevalec arhitekturnih rešitev po meri človeka, ki naj bi bil povezan z naravnim okoljem in trajnostno naravnan. Razstavo sta pripravila Martina Malešič in Andraž Keršič, pred mikrofon ju je povabila urednica oddaje Tadeja Krečič Scholten.

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Nataša Bučar: Ne manjka nam optimizma niti ambicij

Proti etru

Play Episode Listen Later Oct 23, 2025 18:11

Nataša Bučar, direktorica Slovenskega filmskega centra SFC, edine filmske institucije v Evropi, ki organizira festival s pregledom domače produkcije. Trenutno imamo v produkciji in postprodukciji osem do enajst celovečernih filmov, gre za mlade ali pa že uveljavljene avtorje, eden od najzanimivejših sodelovanj je film Mila Marija, v režiji Andrine Mračnikar, prva velika slovensko avstrijska koprodukcija, zgodba o koroških Slovencih. Filmske projekte pripravljajo tudi: Janez Burger, Urša Menart, Luka Marčetič, Darko Simko in mnogi drugi. Vsak film zase je svoj prototip. S filmi se ne da delati po nekem industrijskem modelu, odvisno je od selektorjev, trenutka v zgodovini itd. A kontinuiteta bo, ker se nam obeta veliko, tudi novih izrazov, prihajajo avtorji z zanimivimi temami. Nataša Bučar Prav v letu, ko slovenski film ali posamezni ustvarjalci v svetu doživljajo številna najvišja priznanja, bosta letos med častnimi gosti festivala tudi Nicoletta Romeo, italijanska filmska kuratorka in programska direktorica Tržaškega filmskega festivala ter direktor Evropske filmske akademije (EFA) Matthijs Wouter Knol, ki bo v petek, 24.10.25. na Prvomajskem trgu v Piranu odkril obeležje Evropske filmske dediščine EFA.. Gre za prvo obeležje te vrste v Sloveniji, ki Piranski trg postavlja na zemljevid najpomembnejših filmskih lokacij v Evropi.

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Andrej Saje: Po njihovih sadovih jih boste spoznali

Komentar tednika Družina

Play Episode Listen Later Oct 23, 2025 7:02

Zakon o pomoči pri prostovoljnem končanju življenja (ZPPKŽ) so predlagatelji predstavili kot izraz sočutja in svobode, a v resnici pomeni globok preobrat v razumevanju človeka, prava in medicine. Gre za kulturni prelom – od kulture življenja h kulturi smrti.

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Education: Test preparation for professional certifications, IT, cybersecurity, healthcare, and college admission exams.

Play Episode Listen Later Oct 21, 2025 28:07 Transcription Available

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Christopher Gray. CEO and co-founder of Path. Gray discusses how his AI-powered platform is transforming test preparation for professional certifications, IT, cybersecurity, healthcare, and college admission exams.

Education: Test preparation for professional certifications, IT, cybersecurity, healthcare, and college admission exams.

Strawberry Letter

Play Episode Listen Later Oct 21, 2025 28:07 Transcription Available

Education: Test preparation for professional certifications, IT, cybersecurity, healthcare, and college admission exams.

Best of The Steve Harvey Morning Show

Play Episode Listen Later Oct 21, 2025 28:07 Transcription Available

Helene Barron- Beyond The Finish Line | Dirt Church Radio 348

Dirt Church Radio

Play Episode Listen Later Oct 21, 2025 71:32

Kia ora e te whānau. Best laid plans and all that…We had a bumper episode lined up for you this week, with a lot of stuff to talk about, and an amazing GRE, that was even before we got to Andrew's conversation with the mighty Helene Barron. Annoying story short, our entire episode got zoinked by the AWS outage. Perfect. So please enjoy this distilled episode of DCR, with the one and only Helene Barron, elite trail athlete, high-performance physiotherapist, coach, mother, wife, sister, friend, and legend. The trail exploits are but a small part of Helene's story, as she has recently gone through a two-year battle with tongue cancer. Andrew talks with Helene about overcoming this most serious challenge, and a whole to more on this episode of Dirt Church Radio. Excellent Stuff.Dirt Church Radio – Best Enjoyed Running.--- --- --- Episode Links Helene Barron Instagram Sign up for the DCR AidStation newsletterThe Squadrun 4-Week Training Trial for DCR Listeners!Dirt Church Radio on InstagramDirt Church Radio on FacebookFurther Faster New ZealandEnjoy!Music by Andrew McDowall, Digicake

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Tanja Dominko: Kdo nam kreira vrednote?

Naš pogled

Play Episode Listen Later Oct 21, 2025 7:10

Vrednote so tisto, kar nam daje smisel v življenju. Gre za temeljna prepričanja o tem, kaj je prav in kaj narobe, kaj je pomembno in kaj ni. Naše vrednote oblikujejo naše odločitve, naše odnose in našo osebnost. Vrednote so ključnega pomena za uspeh in zadovoljstvo v življenju. Tak zapis je moč najti na spletu in še mnogo drugih, pomensko zelo podobnih. Vsi vemo, kaj vrednote so, so del nas, a kako so nastale in kako jih zasledujemo? Tukaj se bom danes nekoliko ustavila.

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576: How to Cut Vacancies and Keep Tenants Twice as Long - with Mid South Home Buyers

english gre english vocabulary

Play Episode Listen Later Oct 20, 2025 47:36

Keith sits down with Terry Kerr and Matthew Vanhorn, the leaders of America's oldest turnkey real estate provider, Mid South Home Buyers, to unpack the practical systems that keep thousands of rental units profitable and tenants happy. With national renter mobility dropping, longer stays are now the norm. Average resident stay is 4 years—double the industry average, thanks to proactive maintenance and relationship-driven management. Instead of fighting for eyeballs on Zillow, they target HR departments at hospitals, universities, and major employers, tapping into pre-screened, income-verified tenants with stable paychecks and predictable work schedules. Invest where returns still make sense. Visit midsouthhomebuyers.com to book your investor tour and get $500 off your first property. Resources: Switch to listening to the podcast on the Apple Podcasts or Spotify app, as the dedicated GRE mobile app will be discontinued at the end of the month. Show Notes: GetRichEducation.com/576 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text 1-937-795-8989 to speak with a freedom coach Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold 0:01 welcome to GRE I'm your host. Keith Weinhold, learn about how to cut your rental property vacancies and keep tenants twice as long. Why Memphis, Tennessee stays the cash flow King, and exactly where to find really low cost, quality properties today. That make sense from day one today on, get rich education. Keith Weinhold 0:26 You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There is real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program. When you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom family investments.com/gre, or send a text now it's 1-937-795-8989, yep, text their freedom coach, directly. Again, 1-937-795-8989, Corey Coates 1:39 you're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 1:49 Welcome to GRE from New York's Long Island Sound to Washington's Puget Sound and across 188 nations worldwide. I'm Keith Weinhold, and you're listening to get rich education. There's an economic trend that you need to be aware of. We're going to talk about how you can play it in this era, sources ranging from Redfin to Housing Wire and others, you know they're all in agreement that the transiency rate, that mobility rate for Americans, is down. And what that means is, when people find a place to live, whether they're a property owner or a renter, they are staying put longer. They put this big, heavy anchor down, and that kind of goes along with employment. Although the unemployment rate is low right now, there aren't very many people moving jobs or changing jobs. So the rate of hiring is low, that's bad, but the rate of employer firings is low, that's good. So on balance, Americans are keeping their job if they've already got one, and they're keeping their home if they've already got one. But because movement has slowed, as we are in this slower housing market, I'll drastically oversimplify here. All right, a few years ago, you might have had a tenant stay for two years, and then there would be a one month vacancy between tenancies today, double both of those. You're more likely to see a four year stay, but two months between vacancies. So your occupancy rate, therefore, is the same in both scenarios, but there's less movement. Again, oversimplifying, but you can see the effect a longer vacancy period is bad, a longer tenant retention period is good, all right. Well, how do you increase your tenant's length of stay and decrease that vacancy in order to be more profitable as an investor and yet give your tenant a satisfactory experience too well. One thing that you can do is list your vacant unit with an employer. Yeah, advertise it through a local stable company. You're going to end up with higher quality tenants. See, there's already this built in screening that was done for you. The employer basically did that for you. So when you work directly with especially hospitals, universities, corporate campuses or military bases, what you're doing is you're fishing from a pond of already vetted, income verified and drug screened candidates. See these tenants what they had to do. They already had to pass HR background checks and employment verification in order to get their job. So for you, that saves you both risk and time compared to the you know, the Craigslist style roll the dice crowd. Now, Of course, we cannot discriminate against certain groups of people, and we'll get into that shortly. But of course, steady employment equals steady rent tenants sourced through employers. They usually have reliable paychecks, often through direct deposit. They've got predictable work schedules, and there's going to be less income volatility. So that means that you'll have fewer late payments and lower eviction risk. And some landlords, you know what they do, they even structure rent payments through payroll deduction. I mean that essentially automates the rent collection. Yes, you can do that. Employees who move for a job, they often sign longer leases, because relocating again would be a hassle. So many will stay in your unit as long as they stay employed. That could be two years or five years, especially in the health care, education and tech sector. So less turnover means fewer make ready costs for you, fewer showings and just more ease and peace of mind. So advertising through employers that is a really low competition marketing channel as well. You know, most landlords, they blast their listings on Zillow apartments.com or maybe Facebook marketplace. Well over there, your post is just one out of hundreds, instead of all that competition, what you're doing is you're finding quiet, uncrowded channels when you utilize these employer housing boards and their HR relocation departments, and this way you can even get inside that company's internal newsletters so you're reaching renters before they can even start scrolling listings over on Zillow and see employers love this too. It's not like the employer is having to do a favor for you. They love it, because when they can help new hires or transferees find housing, it's better for that company. It reduces the employee's stress. It improves the retention at that company. If they have an employer that's satisfied and has a good place to stay, and it really boosts that company's recruiting success. So you're helping yourself, you're helping that company, and you're helping their new employee, which is your tenant. So this makes HR departments. They are surprisingly receptive to you. They might even circulate your listing internally or add you to their housing resource list. So this is a perfect fit for these hands off turnkey investors. So if you're doing that or you're managing properties remotely, this employer outreach, it really gives you a nice extra layer of reliability. And as far as the people that will be your tenants, think about nurses, engineers. IT staff, sometimes teachers, sometimes military based personnel. I mean, they are all ideal long term tenants. Now the way that you can actually do this and put it into practice is identify major employers that are near your property, that could be hospital systems, that could be universities or manufacturing plants, then contact their HR or the relocation department, and after that, it's not hard just provide them with a concise PDF or a one page flyer with your property photos and the monthly rent amount. And one thing you can do, and you should in this case, is put the distance or the time it takes to travel to the employer from your rental unit, and then add your contact info. That is exactly how you do it. You can offer a small incentive, like $50 off the first month for employees. So this is a slick way to advertise your vacancy with employers and make you more profitable over time. Keith Weinhold 7:02 Now today, we're going to talk to who is actually America's oldest turnkey real estate company. As far as we know, they're based in Memphis, Tennessee, and we'll learn how they advertise a vacant unit and screen prospective tenants and place them and maintain their units over time. They are called mid south homebuyers. You've heard them on the show before, and because of their success, both investors and other real estate companies, they actually listen in intently to what these people have to say. I mean, others study them and learn from them. These are the people other companies study, and you're still going to hear from their principal and their sales lead about reducing your vacancy time and increasing your tenant duration. And, you know, it's just kind of funny how often Memphis, Tennessee, which is where they're based, how often this comes up in cash flowing real estate conversations that you have out there over time? I mean. And Memphis consistently has the best cash flow, maybe, amongst any substantial Metro in the nation. We'll just say among metros that are big enough to have a major pro sports team. I mean, Memphis does have the NBA Grizzlies. There aren't many other cities that can even compete with Memphis as the cashflow King, although there are some that you can work into the conversation. Indianapolis, Cleveland and Oklahoma City are some of those places. Now, before we're done, you'll also learn about how, even following this generation's big inflationary wave, how purchase prices are still as affordable as they are in both Memphis and Little Rock. I mean, this is going to make you ask out loud today, how could they still be so low? We'll also talk about conventional, enduring property management techniques today, now next month here on the show, we're going to talk about how you can use AI to self manage your properties, and that show next month is going to be with an expert straight from Silicon Valley. We're going to talk to the CEO of hemlane then and their AI driven property management software. She used to work for Apple, and she's got a Harvard Business School degree. That is next month today. It's about tried and proven techniques to make you more profitable as an investor Keith Weinhold 11:24 I'd like to welcome in longtime friends of the show, with the emphasis on long time since they were first here with us, nearly 11 years ago, They are those ever steady property providers based in Memphis, mid south homebuyers. They also serve Little Rock, Arkansas. I have physically walked their offices and properties in person myself. They are, in fact, America's oldest turnkey real estate provider. And it's the return of their founder and principal, Terry Kerr and a second guest who you'll meet shortly, Terry, welcome back on of the show. Terry Kerr 12:04 Thanks so much, Keith, so glad to be back. Keith Weinhold 12:07 Congrats on your success. Your model and operation is prominent and exemplary nationally. You've now grown to 110 w2 employees there, and your 13 plus year property management guru who's been leading that entire division is now your sales director. It's terrific to introduce him to the world today. Matthew Van Horn, Matthew Vanhorn 12:31 Keith, so great to be on here. Long time listener of the show. Really great to meet you. Keith Weinhold 12:36 Yeah. Appreciate it now you'll soon be listening to yourself on the show. GRE, listeners are familiar with the turnkey real estate model. What you do is buy a distressed property, you rehab it, and then you place a tenant in the property, and you hold on to that for investors across the nation for the production of long term cash flow. Well, let's get an update between Memphis and Little Rock. How many properties do you hold under management for investors now and then? What percent are single family rentals versus other types? Terry Kerr 13:07 Right now, we're about 57 maybe a little closer to 5800 and the vast majority of them are single family houses. I'm going to say probably. What 5% are duplexes? Matthew, something like that. Yeah, something like that. So no other multis, just single family, most of them rehabs. And of course, now we're doing a new construction direct to rental as well. Keith Weinhold 13:29 Interestingly, with 58 to 5900 rentals, I mean, you can easily sort of be your own surveying outfit in an informal way, in finding out what's happening with the market, what all the dynamics are. So why don't we start at the beginning, when you're marketing and advertising and looking to place a tenant, tell us about just what you look for, just what you need to avoid. I mean checking for the tenant. That typically involves an employment check, a credit check, a rental history. Sometimes something might appear like a red flag, say, a 590 credit score. Would you always accept tenants in that condition? Because there are times when there are extenuating circumstances when a tenant with a 590 credit score actually might be a good placement. So tell us more about that screening. Terry Kerr 14:17 As you know, it is renters that drive our returns as investors, and so selecting the right renter is where the money is made in this business, for sure, we are doing as much screening as we can for our renters. There's a lot that goes into that. We actually have a whole processing department. You know some people here who spend their whole day working in the processing division. And what you really got to watch out for, as far as red flags, is just fraud. There are so many ways you can use machines to defraud, and we have people who are able to detect and weed out the bad actors there, but we know what works really well. We have, for instance, in. Arkansas, the main employer of our residents is Baptist Health Medical Center, and we love our healthcare workers there. So that's a place that, you know, starting from the marketing side, we're going to dial up our marketing in those places we're going to go to the HR department, or we're often in the HR department of Baptist Health Medical Center, pushing and asking for referrals from them, you know. And same with just referrals in general, good tenants tend to refer other good tenants. We're of course, looking for strong income that we can verify. And more than anything, we're looking for strong, credible current rental history, so someone who's paying the rent today somewhere to a verified landlord, not their sister, you know, but a very verified landlord. That's the big thing, Keith. Keith Weinhold 15:50 Tell us more about that. That's great that you're being proactive and getting right in there with a stable, steady employer. That is where our rent comes from. After all, are there any other red flags, maybe things that people would not think about identifying as a red flag when it comes to that employment, in that credit, in that rental history Matthew Vanhorn 16:11 one reason I bring up the localized marketing that some people may not think about is that renters who move from Out of state often will land in a place and then stay there for one year, which is fine, but then they often don't renew their lease and they'll move somewhere else. Now, of course, what we have to do above all is we have to be legal, you know, so we can't discriminate against someone from coming from out of town, but what we can do is dial up our localized marketing so that we're getting people who are in the neighborhood, who love the neighborhood already where they are, and so that contributes to longer residence days, and it's just little things like that. Once again, you're looking for employment that you can verify, so that you know that you're getting a quality renter. Terry Kerr 16:59 I'll also say that one of the ways that we try to attract the most potential residents we can is by having a free application. So typically, a property management company is going to charge, you know, 50 to 75 bucks per applicant. And we're very fortunate that we've get a terrific deal from Equifax, because we're also lenders, we do some lending to our investors, which gives us a really good deal on paying for credit checks. And so we waive those fees for our residents. And so a lot more folks are going to apply with us, because it doesn't cost them anything to apply. And of course, the more people that apply, you've got a much better shot at a filling the property quicker, but also finding a much better resident. Keith Weinhold 17:44 well this is a great part of building the connection. One of the first interactions they have with you is realizing that you don't have any application fee. And AI can be great for marketing and for doing things like writing listing descriptions, but you build that human connection there. For example, you do in person showings. You invite prospective tenants in current tenants into your physical office, kind of replacing society's trust crisis with humanity. Matthew Vanhorn 18:14 Yes, that's right, Keith. In the last 12 months, we've spent more money than ever on technology, so we are leaning heavily into creating the systems and processes that allow us to get to our service quickly. And at the same time, we've invested more into staffing up in the past 12 months, into inviting people into our office, you know, and we can still do everything remotely. We can do it virtually for folks who want that, we found that a lot of residents love to look us in the face, and they like to come down to our office, and they like to sit across from Karen and across from Gabby, and they just love the personalized experience that we give them. It's hard to quantify it, Keith, but I just really believe that it drives longevity, right? Keith Weinhold 19:04 Having a face behind that rental because your properties are freshly rehabbed, or, in some cases, they're new builds, so hopefully you won't have too many tenant service calls once they do become a resident, and you don't need to interact with them all the time, though you're there for them, but once you have chosen a tenant, and that tenant is placed, you know somebody has to be the adult in the lease, and we sincerely hope that the tenant is one of them. So with regard to that, how do you help ensure that tenants keep making on time payments, and you can keep tenants and not get ones that break the lease. So can you speak to us about that, how you can help identify that in the screening and then that ongoing relationship? Matthew Vanhorn 19:47 I will say that perfect vetting does not necessarily lead to perfect collections, because it turns out that every one of our residents, they are humans, and as humans, we run into things you. Know, divorce can happen. Relationship breakups can happen, job losses happen. Just very human things happen. And so we like to stay in touch with our residents as often as possible, and very much encourage an open line of communication. We very much believe in compassion based collections here at Mid South. And so when residents fall upon hard times, we are truly there for them. Memphis actually has more nonprofits per capita than any place in America then. So when residents do fall on hard times, you know, and it happens, we're actually able to reach out. We have connections with several agencies that can help with rental assistance for renters who need it, we found that by pouring into our staffing with the resident support and solutions department that we've had a lot of success in collecting just by keeping that relationship intact when the pandemic hit. For instance, and I know that's been a few years from now, and maybe we all want to forget it, our collections rate actually went up during that time, and I attribute that largely to the fact that, number one, we had a relationship in place with our renters. We staffed up, and matter of fact, we had a full time person just working to get rent assistance for those renters who kind of had been disenfranchised by the pandemic Keith Weinhold 21:26 during pandemic times or post pandemic times whenever it is us as investors, we're always interested in reducing that vacancy time. We seem to be in a period, at least nationally, where when people get a hold of a place, they want to keep it and hold on to it. In a lot of markets, the duration of a tenancy has been increasing. So despite what era that we're in, can you talk to us about some of the best practices for how you reduce the vacancy time? Because we all know vacancy and turnover is our biggest expense over time. As investors, Terry Kerr 21:58 I like to say, you know, at the heart of what we do is making sure that when a hard working, single mother comes home at the end of the day, she can give her child a hot bath. And that's not possible if the water heaters out. And that's just one example, but our main job is to give a good quality of life to the residents that we are caring for, and if we can do that, and if we can treat them with respect when they do fall on hard times, like Matthew said, they're going to want to renew the lease. So we have got a almost twice the average length of stay as the industry average, which is we've got about a four year average resident stay. And when folks move out of a mid south house, it's not because they can find a better value they're going to get. They're already in the nicest house on the street. And if something breaks, we're out there lickety split to fix it. When folks move out of a mid south house. It's either because they're downsizing. Kids are moving out, or they're going up because they're having their family increases and they've got to move up, or maybe something happens to them, like Matthew mentioned, you know, death, divorce, disability, these things happen, right? But no one's moving out because they can find a better value or because they're not getting the service or respect that they deserve. Keith Weinhold 23:25 That says a lot. Being managers of 5800 to 5900 properties, which gives you this sort of canvassing or de facto surveying ability that you have. What are we seeing for the direction of rents? We'll get into rents and prices later, because nationally, rents are just holding steady. They're really not rising very much. What do you see there? Matthew Vanhorn 23:49 Yes, we saw them fairly stable. Over the course of 2024 I have started to see an uptick here in the past few months, I will say, which is encouraging for investors, for sure, each month, I'm looking at all of the renewal rates personally, to kind of look at that, engage the market. And like you said, it really is helpful. I mean, yes, we have all the tools, Zillow, rentometer, all these things, but there's nothing like just our own data of seeing, hey, what's the house across the street renting for? You know, how long did it take for that to rent and incorporating that into our data. And right now, our houses are moving at a faster pace on the leasing tip, which rent increases tend to follow that Keith Weinhold 24:30 when it comes to optimizing rents, a lot of that coming back to reducing vacancy time. There are a number of strategies that one can employ now it's not with you guys, but I have a single family rental home in another market, and one promotion that that manager is running and encouraged me to participate in is a 50 inch flat screen TV having that and giving it away to the tenant. Somehow, that only costs $250 so I decided to do that. At for a vacancy that I have there in that market. Now, some investors might say, you know, why am I buying TVs for a tenant? I'm already providing them with a place. If the rent is 1500 bucks, a $250 TV only costs five days of vacancy, and that helps me reduce that vacancy period. Might even make a tenant want to stay longer, so sometimes you got to be thinking about how your tenant thinks, and you can come up with inventive ways to reduce vacancy. Do you have anything like that, any small concession that you've offered or have needed to offer in either market? Terry Kerr 25:33 Well, we haven't done anything like that, Keith, but what we do like to do, and Matthew mentioned this earlier, is as great tenants tend to refer other great residents, and so we have a referral bonus that we pay out to our residents that refer other folks to us, and that does not come out of the pocket of our investors, that comes out of our pocket, because it's our job to make sure that We rent these properties as quick as we can to qualified residents. Keith Weinhold 26:04 One thing that I've liked about Memphis, which few markets have, is that it's embedded within renter culture in Memphis, since it is such a renter city, that renters travel with their appliances, like the refrigerator, in their stove, in their dishwasher, which always seems crazy to me, so you're not providing those appliances. It seems like that fact alone might help with resident retention in Memphis. They're just less likely to move when they have more stuff to move. Matthew Vanhorn 26:35 Yeah, it's really true. Yeah. And the longer people stay, the longer they tend to stay as funny as that sounds. And yeah, that's something that we found even in our new construction homes where we do provide the appliances we've been finding in many instances, still the residents are coming with their own appliances. And so we're storing our appliance, our brand new appliances, in our warehouse. Keith Weinhold 26:58 Wow, yes, that's just something that you don't see in other places. And when it comes to retention, we're interested in maintaining the property like you talked about being proactive with are there some other things you do to help ensure that the maintenance expenses stay lower throughout the lifetime of that investor ownership? How do you approach that? Terry Kerr 27:16 It really starts with doing a full blown rehab, right? So every once in a while, you know, we'll have houses that, you know, have some age on the components. But when we do a rehab, everything is brand spanking new, like a new roof, gut, the kitchen, got the bathroom, you know, all new electrical, all new plumbing, all new HVAC, a new water heater the whole nine yards. So it starts there, and then when a property turns over, we go into the property, and we are looking for safe and clean, right? So we want to make sure to keep the water out. We want to make sure that everything is safe and the property is tip top and super clean. Fortunately, the folks that are maintaining the houses for our investors. The technicians are the same technicians that did the renovations on the property, right? And it's the same materials. Yeah, it's like, we have an assembly line and a junky house jumps on the assembly line, and we rip everything off, and all the same materials jump back on the house. So we're able to keep costs low because of that, and also because the labor that we end up having to pay the technicians typically is a lot less than normal, because they're used to working on the same water heater, the same HVAC system, you know, the same furnace, the same dishwasher. So our volume model kind of helps with that. Keith Weinhold 28:39 Oh, if you were listening closely, yes, what a huge efficiency that can be. You fellas, have any last thoughts about efficient property management, since that's what you've led for more than 13 years, Matthew, Matthew Vanhorn 28:51 I resonate with what you said about how many investors overlook vacancy costs when properties turn over. And so I think it's just getting your rents right on the money, maybe just a little below, can actually drive returns, as opposed to maybe trying to get an extra 25 bucks more, which takes you three weeks longer to rent. You actually did not come out ahead in that, in that scenario, Keith Keith Weinhold 29:14 today, with inflation, a $25 difference, I mean, we're down to what 12 hours of vacancy is, really how we're talking about there Property Management turning a passive income into an active lifestyle since forever. That's what they do. Property managers are the people that have never met a maintenance issue that waited until business hours. So that's why I'm grateful that my managers do what they do for me. That's what we're talking about today. More when we come back with Terry Kerr and Matthew Van Horn of mid south homebuyers, I'm your host. Keith Weinhold Keith Weinhold 29:45 if you're scrolling for quality real estate and finance info today, yeah, it can be a mess. You hit paywalls, pop ups, push alerts, Cookie banners. It's like the internet is playing defense against you. Not so fun. That's why. It matters to get clean, free content that actually adds no hype value to your life. This is the golden age of quality email newsletters, and I write every word of ours myself. It's got a dash of humor. It's direct, and it gets to the point because even the word abbreviation is too long, my letter takes less than three minutes to read, and it leaves you feeling sharp and in the know about real estate investing, this is paradigm shifting material, and when you start the letter, you'll also get my one hour fast real estate video course, completely free as well. It's called The Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be simpler to get visit gre letter.com while it's fresh in your head, take a moment to do it now at gre letter.com Visit gre letter.com Keith Weinhold 30:56 the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President chailey Ridge personally, while it's on your mind, start at Ridge lending group.com that's Ridge lending group.com Tom Wheelwright 31:31 this is Rich Dad Advisor Tom wheelwright. Listen to get rich education with Keith Weinhold, and don't quit your Daydream. Keith Weinhold 31:37 welcome back to get rich education. You've got the pleasure of listening to the voices of America's oldest turnkey real estate provider mid south homebuyers based in Memphis, Tennessee, and some years ago, they branched out to Little Rock, Arkansas as well, just about a two hour road trip west of Memphis. When us as investors buy a property, we've got to be cognizant of the fact that that property swims in an economic ocean, and therefore job vibrancy is, after all, how the tenant pays the rent. So tell us about economic developments in Memphis and Little Rock, because there are some exciting ones. Matthew Vanhorn 32:24 So yeah, both in Memphis and in Little Rock, we've got the roads, we've got the rivers, we've got the rails, which drives both Memphis and Little Rock as distribution hubs here in the middle of America. And so of course, FedEx famously has their headquarters here in Memphis. Many of your listeners will know it's the largest cargo airport in America. We've had a resurgence of X. AI has actually come to Memphis and built the world's largest supercomputer here in Memphis, and they're actually working hard now on building a second called Colossus two, which is going to be even larger. They're saying it may hold as many as 1 million Nvidia chips, which I can't do that math, but that's a lot of money. And so x AI is has quickly become the second largest taxpayer here in Memphis and in Shelby County. And 25% of those tax proceeds, by the way are going, they're earmarked to go right into that local community beside where the plant is, and all the development is in Little Rock. You know, of course, it's Arkansas's largest city. It's the capital city, and so by nature of that, there are many stable state government jobs there that is a bulwark of the economic development there. There is a actually Fintech startup space is big in Little Rock as well. Lockheed Martin has been doing developments there, so a lot of aerospace development around Little Rock. Folks who look at our homes will also notice that we are in Jacksonville, which is a suburb of Little Rock that's anchored by the Air Force base there in Jacksonville. And there's actually a large munitions supplier there, Sig Sauer, which provides a lot of jobs to the locals there. And our number one, I may have mentioned it earlier, our number one employer in Central Arkansas is actually Baptist Health Medical Center. And just generally speaking, health care workers make up the largest portion of our residents in Central Arkansas. So a lot of great economic drivers that we're seeing bringing renters to Little Rock and and new jobs there. As a matter of fact, not just that, but I noted recently that the cost of living in Little Rock is now 10% below the national average. I think we had a report on our website a few years ago that it was 6% and that's actually. It's only becoming more favorable to live in Central Arkansas. Keith Weinhold 35:04 You're talking about stable and growing drivers here, AI related businesses and healthcare. Let's talk about those rents and prices. Because really, this is one reason why national investors are so drawn to that area. It's that high affordability and that high ratio of rent income to purchase price. So what sort of rent and price ranges are we looking at in both markets now, Matthew Vanhorn 35:29 it's not the same as it was when I started here in 2012 Reds have increased and so, you know, average rents around here start around 900 and now we're going up to about 1700 toward the high end there. And you know, the great news is that incomes have increased as well, and so our renters are able to afford this just as well as they were before. Or maybe even better, like I mentioned, cost of living in Arkansas has actually improved. And so what that means is people are actually making more money compared to the rent, even though rents have increased, which I believe is good news for investors, and it's been good news for us as a management company, as I think that contributes to the resident longevity there, once again, Keith Weinhold 36:17 nowhere in the nation Do we hear enough about increased affordability stories, which is exactly what you have when your income rises faster than your rent, which is a harbinger of being able to increase the rent in the future. Tell us more about the rent in price ranges in both markets. Matthew Vanhorn 36:35 In Memphis, if you get a two bed, one bath, you can often find that for as low as 808 850, something like that. As you step up into a three bed one bath, that's going to be somewhere between 1000 1200, depending on where you are in the city, there in Memphis, if you're in our new construction homes, those can range between 1395 all the way up to 1850 once again, depending on the size of the construction and the location out in Arkansas, rents tend to be just a little bit higher than in Memphis. So you see the rent starting there around 950 and going up to just under 2000 Keith Weinhold 37:19 and we're interested in that capital price, because a lot of times, investors think about their purchase through that perspective of the ratio of the rent income to the purchase price. Matthew Vanhorn 37:30 As far as sales price goes, Keith, we started right around $100,000 on the low end, and those can range up to 240,000 thereabouts, on the high end, if you're talking about a new construction, three, two with a two car garage in an appreciating area. You can see that sort of range in Memphis, very similar, very similar. We have some of our smaller rehabs starting as low as 100,000 and going up to about that $215,000 range. Keith Weinhold 38:04 Now, I would imagine, in the inflationary era that we're still in, that you get investors that call in there, and you do have these robust interactions with investors, where you talk with them on the phone like a human being, and people that say, come on. How can you get a respectable tenant in a single family rehab rental home that only costs $120,000 How do you handle questions like that? Matthew Vanhorn 38:30 That's the whole job here is explaining that Sure, no where our renters are living. It's the best home that they've ever lived in, and it's it's in a affordable area. It's in an area where their friends live, where you just have workforce, just blue collar, but beautiful neighborhoods where they live. And I mean, they're proud to call these houses their home, and for many, it really is their dream home. Keith Weinhold 38:55 People mold their lawns. The streets aren't littered with trash. I know where you guys invest. I've been on the streets there with you, checking them out. What percentage of investors finance the property, and how has that changed over time? Terry Kerr 39:09 I'm going to say that it's probably about 75% finance, 25% cash. A lot of your listeners come with their own mortgage broker. The ones that don't, we have our tried and true mortgage brokers. Interest rates are not 4% anymore, and some folks are are wanting to pay cash, and they do, and some of them will pay cash, and then, you know, plan on refinancing later. But right now, that's probably about 25% cash, 75% finance. Keith Weinhold 39:36 Yeah, it's interesting to see that direction, since rates did begin to get higher in 2022 you have this robust interaction with investors, but that doesn't only have to be over the phone. You guys are so proud of what you do that you've long offered investor tours. In fact, now you're doing more of those investor tours than you ever have. I believe you're doing 11. In tours per year in Memphis, and five in Little Rock as well.So tell us about that. Terry Kerr 40:04 I guess it was maybe seven or eight years ago. We're so stoked that everybody wants to buy houses from us, and we've got, you know, a short wait list, and that's awesome, but we want folks to come visit us, and so, you know, we just started offering folks $500 off of the purchase of their first home, if they'll just come visit us. And so we know it's in our best interest to try to get to know our investors on a personal level, and the investors that do come to visit us, and we're able to pull back the curtain and show them, you know how operational efficiency benefits them as investors. I think they appreciate it, and then we do also just kind of like the nerd out on the nuts and bolts of the business. So it's fun to be able to pull that curtain back. Keith Weinhold 40:48 Now, you don't have to be an investor to come on the tour, either prospective investors or regular investors that are already there can come on the tour. Is the Tour Free? Absolutely. So the tour is free, and you get a $500 credit if you end up purchasing there. Most investors never come physically see the property at all, but you sure can do that, and they make it really easy for you. Well, this is going to help a lot of people, especially when we think about how to manage the tenant and reduce our vacancy time in today's era. Before I ask how our listeners can learn more about you. Do you have any last thoughts at all about anything that we discussed management or properties or tenants or anything else? Maybe I did not think about asking you. Matthew Vanhorn 41:32 I'll just go back to Keith talking about how well staffed we are here at Mid South. I think that's where we stand. Apart from a lot of our competitors is that we're not just two or three guys in an office here, we have over 100 employees. It takes speed to deliver good service. Service leads to satisfaction. Satisfaction leads to the residents staying. The resident staying leads to stacks of cash for you as investors, and the only way you can do that is if you're staffed up properly. And so that's something that you want to ask if you're ever vetting another property manager, is what does your staff look like? And really understand, can they actually provide the service to their residents and to their investors that they're reporting? Keith Weinhold 42:17 You have helped more of our listeners than any other provider in the nation, certainly over 100 of them, perhaps hundreds by now. I'm not really sure if listeners want to get a hold of you, what's the best way for them to do that? Terry Kerr 42:31 Invest at mid southhomebuyers.com Keith Weinhold 42:34 that's a great starting place for you. And that way you can take a look at properties, get thinking about the market. Learn more about their management and get a hold of them. Terry and Matthew, it's been valuable as usual. Thanks so much for coming out of the show. Matthew Vanhorn 42:49 Thank you, Keith. Terry Kerr 42:49 Thank you, Keith. Keith Weinhold 42:56 Oh yeah. Sharp insights from Terry and Matthew at mid south homebuyers today, waiving their application fee means more applicants, a bigger renter pool to choose from, which either shortens your vacancy time or it's going to get you a better quality tenant. Now, a lot of people, they think that real estate is unaffordable and even impossible, but few make it easier and more affordable than these people. And I think I shared with you before that, an 18 year old guy who I do know and have talked to in person, he bought his first ever rental property from mid south homebuyers. So it's kind of interesting. His goal was to own his first rental property when he was 18, and he closed just in time the day before his 19th birthday. I think he's age 20 now, but because fully renovated single family homes can be bought in a range of about 100 to 220k here, and you will put 20 to 25% of a down payment on that your monthly rent is about eight tenths of 1% of that purchase price. Okay, so that's renovated, and then new builds sell in a range of 200 to 260k rent to price ratios on those are a little lower. They're point seven five or so. Now we are here in an era where mortgage rates are in the low sixes for owner occupied that means you'll pay closer to 7% on income properties. But if you go new build, which is really something I've been suggesting to you for a while, if you can swing it, those rates are as low as five and a quarter percent for qualified buyers here, yes, at these low Memphis and Little Rock prices, they've got a few duplexes usually available as well, renting your residence. It's just something that's sort of in the culture there in Memphis, and that's why they're confident in offering a number of guarantees for investors. They just do things that. That other providers don't do in the rare event that your property is occupied and then it somehow falls vacant during your first year of ownership. Their releasing fee is free. They also have a guarantee that you will cash flow after you close. They have a one year bumper to bumper warranty on the renovations we're talking about from the doorknob to the ductwork, and there's a lifetime 90 day occupancy guarantee. What that means is, if your property were ever vacant for that long, they would start paying rent to you on day 91 but you know what's amazing? It's easy for them to offer that they'll tell you that they've never had to pay out on that, because they've never experienced the vacancy of more than 55 days. Just amazing. And all those guarantees I just told you about that is in writing on their website. So if you want to get a hold of them, there's virtually no one else in the nation that makes it easier and more affordable. I believe that's an email address that Terry gave there. Again, it is invest@midsouthhomebuyers.com their website is, as you might have guessed, midsouthhomebuyers.com that's midsouthhomebuyers.com interestingly, you can even look at their income properties. There some provider websites don't let you do that. And again, they offer free tours, and if you prefer, their phone number is 901-306-9009, this week, you learned some great techniques for reducing your vacancy and being more profitable, as well as a provider that can deliver it for you. Should you so choose? The proverb goes, give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime. Well, you've got the option of doing either one or both today, until next week. I'm your host. Keith Weinhold, don't quit your Daydream. Speaker 1 46:59 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively you Keith Weinhold 47:27 The preceding program was brought to you by your home for wealth building, get richeducation.com

If you know these 20 words, you're an EXPERT in English vocabulary!

Espresso English Podcast

Play Episode Listen Later Oct 20, 2025 6:43

MBA Wire Taps 452: Huge salary, 317 GRE. 705 GMAT, Austin TX. Data Scientist to IB.

Play Episode Listen Later Oct 20, 2025 39:40

In this week's MBA Admissions podcast we began by discussing the current state of the MBA admissions season, with interview invites continuing to roll out. This week, John's Hopkins / Carey has its Round 1 deadline, UPenn / Wharton is scheduled to release its Round 1 interview invites and UVA / Darden and Johns Hopkins / Carey are scheduled to release their Early Action Round decisions. Graham highlighted several upcoming events being hosted by Clear Admit that begin this week, including a Real Humans series and a series focused on MBA programs in different regions of the United States. Signups for all these events are here, https://www.clearadmit.com/events Graham also highlighted our next livestream AMA, which is now scheduled for Monday, October 27; here's the link to Clear Admit's YouTube channel: https://bit.ly/cayoutubelive. Graham recognized Stanford's 100-year anniversary by quizzing Alex on some of the history of the MBA Program degree and business schools in general. Graham then noted several recently published admissions tips which focus interview preparation, as well as an admissions tip that focuses on assessment days that are offered by a few top MBA programs. Graham highlighted a Real Humans piece that focuses on MBA students at Columbia Business School, and also reviewed Yale SOM's Class of 2027 profile, which appears to be very impressive. For this week, for the candidate profile review portion of the show, Alex selected three ApplyWire entries. This week's first MBA admissions candidate has a remarkably high salary, as a software engineer at a FANG company. We hope they will consider retaking the GRE. This week's second MBA applicant has a very high GMAT score of 705. They want to be in Austin Texas, post MBA. They are also very concerned with gaining scholarship to help defray costs. The final MBA candidate is a data scientist and is debating their post MBA goals. They want to do investment banking but worry how that would appear for adcom. This episode was recorded in Paris, France and Cornwall, England. It was produced and engineered by the fabulous Dennis Crowley in Philadelphia, USA. Thanks to all of you who've been joining us and please remember to rate and review this show wherever you listen!

Episode 563: The prison planet (the nature of existence)

Reformed Brotherhood | Sound Doctrine, Systematic Theology, and Brotherly Love

Play Episode Listen Later Oct 20, 2025 10:58

In honor of my father's 75th birthday, I'm going to talk about one of his favorite concepts: the prison planet. Once you accept the fundamental premise of this model, a great deal of human suffering – past and present – begins to make sense. People exist in various degrees of unfreedom, and no one quite remembers how this happened. By understanding the nature of existence, we can make better choices with respect to our time on the inside. Join my community: https://the-captains-quarters.mn.co Buy my book, "The Value of Others" Ebook: https://amzn.to/460uGrA Audiobook: https://amzn.to/3YfFwbx Paperback: https://amzn.to/3xQuIFK Book a paid consultation: https://oriontarabanpsyd.com/consultations Subscribe to my newsletter: https://oriontarabanpsyd.com Social Media TikTok: https://www.tiktok.com/@oriontaraban Facebook: https://facebook.com/profile.php?id=100090053889622 LinkedIn: https://www.linkedin.com/in/orion-taraban-070b45168/ Instagram: https://instagram.com/psyc.hacks Twitter: https://twitter.com/oriontaraban Website: https://oriontarabanpsyd.com Orion's Theme: https://www.youtube.com/watch?v=WrXBzQ2HDEQ Thinking of going to grad school? Check out STELLAR, my top-rated GRE self-study program based on the world's only empirically-validated test prep system. Use the code "PSYCH" for 10% off all membership plans: https://stellargre.com. Become a Stellar affiliate and earn a 10% commission for every membership purchased by a new student you conduct into the program: https://stellargre.tapfiliate.com. GRE Bites: https://www.youtube.com/@grebites4993 Become a Psychonaut and join PsycHack's member community: https://www.youtube.com/channel/UCSduXBjCHkLoo_y9ss2xzXw/join Sound mixing/editing by: valntinomusic.com Presented by Orion Taraban, Psy.D. PsycHacks provides viewers with a brief, thought-provoking video several days a week on a variety of psychological topics, inspired by his clinical practice. The intention is for the core idea contained within each video to inspire viewers to see something about themselves or their world in a slightly different light. The ultimate mission of the channel is to reduce the amount of unnecessary suffering in the world. #psychology #freedom #karma

sound nature existence orion psych stellar psy psychonauts gre prison planet

Helena Fojkar Zupančič: Zborovstvo je druženje, ki nas bogati

Ime tedna

Play Episode Listen Later Oct 20, 2025 11:33

Ime tedna je Helena Fojkar Zupančič, zborovodkinja Zbora svetega Nikolaja Litija, ki so v konkurenci osmih azijskih in evropskih zborov na mednarodnem zborovskem tekmovanju Gallus v Mariboru navdušili s tehnično pripravljenostjo zbora, zahtevnostjo programa in prepričljivostjo izvedbe. Z zmago je zbor samodejno postal eden od finalistov tekmovanja za veliko zborovsko nagrado Evrope 2026. Kandidati so bili še: Dimitrij Mlekuž Vrhovnik in Tomaž Fabec, raziskovalca z Oddelka za arheologijo na ljubljanski Filozofski fakulteti in Centra za preventivno arheologijo Zavoda za varstvo kulturne dediščine Slovenije. Z ekipo arheologov sta na Krasu našla več kilometrov dolge strukture, ki so jih prazgodovinske skupnosti uporabljale za množični lov na divjad. Najdbe svetovnega pomena predstavljajo eno največjih tovrstnih prazgodovinskih arhitektur v Evropi. Janez Vodiškar, srčni kirurg, ki je v sodelovanju s strokovnjaki ljubljanskega UKC-ja uspešno izvedel prvo implantacijo mehanskega podpornega sistema berlinsko srce pri otroku v Sloveniji. Gre za prelomni dogodek, saj do zdaj otroci s hudimi srčnimi boleznimi v Sloveniji pogosto niso imeli realne možnosti, da bi dočakali presaditev srca. Bili so bili odvisni od začasnih podpornih sistemov, ki pa niso namenjeni dolgotrajni uporabi.

centra gre ime gallus sloveniji evropi slovenije evrope zupan mariboru ukc zavoda krasu filozofski oddelka

Tatjana

Strašno hudi

Play Episode Listen Later Oct 20, 2025 37:19

»Jaz bi rabila, da bi eden prišel spat z mojo taščo.« Ta na videz nenavadna prošnja, izrečena sredi pogovora, je v resnici utelešenje globoke stiske, teže, obupa in nemoči svojcev, ki skrbijo za osebe z demenco. Tokrat smo v podkastu poskusili odgrniti zaveso z bolezni, ki ne prizadene le bolnika, ampak vso družino, prijatelje in skupnost. Demenca, pogosto opisana kot »nepričakovani gost, ki pride brez vabila in ostane preveč dolgo«, je mnogo več kot zgolj pozabljanje. Gre za krovni izraz za več kot sto bolezni, ki vplivajo na delovanje možganov, najpogostejša med njimi je Alzheimerjeva bolezen. Vpliva na mišljenje, vedenje in sposobnost opravljanja vsakodnevnih opravil. Čeprav je pogostejša po 65. letu, se lahko pojavi tudi prej. Tatjana Cvetko, zdravnica splošne medicine in predsednica društva Primorske spominčice, se je z demenco profesionalno srečala pred več kot dvema desetletjema. Takrat podpore praktično ni bilo. »In tako smo pravzaprav zastavili delo, ki še traja,« je povedala o nastanku skupine za samopomoč za svojce bolnikov z demenco. Iz te pobude je zraslo društvo Primorske spominčice, ki danes deluje v Izoli, Ilirski Bistrici, Postojni in Sežani, in kjer se svojci in strokovnjaki, pa tudi bolniki, redno srečujejo.Podpri Strašno hude. Vsaka donacija pomeni veliko. Ob vsaki bova tudi skočili do stropa. Obljubiva. To lahko storite tako, da kliknete tu.

ob jaz gre iz tatjana tokrat takrat vsaka primorske izoli postojni

Batiskaf: Iz morskih globočin v središče Trsta

Morje in mi

Play Episode Listen Later Oct 20, 2025 12:13

Kdor je v teh dneh obiskal Trst, je na Velikem trgu zagotovo opazil veliko nenavadno plovilo. Gre za kopijo batiskafa Trieste/Trst, ki je leta 1960 v Marijanskem jarku dosegel skoraj 11 tisoč metrov globine. Plovilo, ki se je zapisalo v zgodovino, je bilo zgrajeno v Trstu, od tod tudi njegovo ime. Več o zgodbi, ki jo je v sodelovanju s tržaško občino obudilo potapljaško športno društvo Mare Nordest v prispevku Špele Lenardič:

ve globo gre trst sredi kdor trstu trsta velikem

The Wheat Among Weeds: Christ's Call to Faithful Endurance

Play Episode Listen Later Oct 17, 2025 65:36

In episode 465 of The Reformed Brotherhood, hosts Tony Arsenal and Jesse Schwamb explore Jesus's parable of the wheat and tares (weeds) from Matthew 13. This thought-provoking discussion examines Christ's startling teaching that good and evil will always coexist within the visible church until the end of time. The brothers carefully unpack the theological implications of Jesus's command not to separate wheat from weeds prematurely, challenging our natural tendency to judge others while offering wisdom about God's sovereign plan for final judgment. This episode wrestles with difficult questions about church purity, assurance of salvation, and how believers should approach the reality of false professors within Christ's church—providing biblical guidance for faithfully enduring in a mixed communion. Key Takeaways The Coexistence of True and False Believers: Jesus teaches that the visible church will always contain a mixture of genuine believers and false professors until the final judgment. The Danger of Premature Judgment: Christ explicitly warns against attempting to completely purify the church before the harvest (end of age) because doing so would damage the wheat (true believers). Proper Biblical Interpretation: Unlike some parables, Jesus provides a detailed allegorical explanation of this parable—the sower is Christ, the field is the world, the good seed represents believers, and the weeds are the sons of the evil one. The Challenge of Discernment: One of the most difficult theological pills to swallow is that it's often impossible to perfectly distinguish between true and false believers. Final Judgment as God's Prerogative: The separation of wheat from weeds is reserved for the angels at the end of the age, not for current church leaders or members. The Reality of False Assurance: Some professing Christians may have false assurance of salvation while genuinely believing they are saved. The Importance of Theological Integrity: Public theologians and pastors have a moral responsibility to be transparent about their theological convictions and changes in their beliefs. Deeper Explanations The Difficult Reality of a Mixed Church Jesus's teaching in the parable of the wheat and weeds directly challenges our natural desire for a perfectly pure church. By instructing the servants not to pull up the weeds lest they damage the wheat, Christ is establishing an important ecclesiological principle that will hold true until His return. This means that no matter how rigorously we apply church discipline or how carefully we examine profession of faith, we will never achieve a perfectly pure communion this side of eternity. The visible church—which can be understood as those who profess faith and are baptized—will always include both true and false believers. This reality should cultivate humility in how we approach church membership and discipline. Jesus isn't suggesting that all attempts at church purity are wrong (as other Scripture passages clearly call for church discipline), but rather that perfect purification is impossible and attempts at achieving it will inevitably damage true believers. This teaching directly refutes movements throughout church history (like Donatism) that have sought absolute purity in the visible church. The Problem of Discernment and Assurance One of the most challenging aspects of this parable is Christ's implicit teaching that true and false professors can appear nearly identical, especially in their early development. Like tares growing alongside wheat, false believers can profess orthodox doctrine, participate in church life, and exhibit what appears to be spiritual fruit. This creates profound implications for how we understand assurance of salvation. As Tony notes, while "assurance is the proper and rightful possession and inheritance of every Christian," there's also the sobering reality of false assurance. Some may sincerely believe they are saved when they are not, raising difficult questions about self-examination and spiritual discernment. This doesn't mean believers should live in perpetual doubt, but rather that we should approach assurance with both confidence in God's promises and healthy self-examination. True assurance must be grounded in the finished work of Christ rather than merely in our experiences or behaviors, while false assurance often lacks this proper foundation. The brothers wisely note that final judgment belongs to God alone, who perfectly knows who belongs to Him. Memorable Quotes "The visible church is set before us as a mixed body. Maybe everybody else's churches, but certainly not my church, like the one that I actually go to on the Lord's day. So it seems like there might be this shocking statement possibly that he has for us, whether you're Episcopalian or Presbyterian or independent or Baptist or Christian life assembly, whatever it is, that no matter what we do to purify the church, our churches, we're never gonna succeed in obtaining a perfectly pure communion." - Jesse Schwamb "I think that's what I find shocking. It is like a massive statement of reality that is at equal points totally sensible. And other times we would think, 'well, surely not in the church Lord, like of all the places, like aren't we talking about a kind of purity of your people?' ...and what I think he's striking at, which I do find a little bit wild, is that Jesus is essentially saying, at least to my ear, anything we try to do, even the purest preaching of the gospel, is not gonna prevent this in every age of the church." - Jesse Schwamb "I'm affirming that assurance is the proper and rightful possession and inheritance of every Christian." - Tony Arsenal Full Transcript Jesse Schwamb: Welcome to episode 465 of The Reformed Brotherhood. I am Jesse. Tony Arsenal: And I'm Tony. And this is the podcast with ears to hear. Hey brother. Jesse Schwamb: Hey brother. Guess what? It looks like you and I are taking another trip back to the farm on this episode. Tony Arsenal: Yes. For a couple episodes. Jesse Schwamb: For a couple episodes. Yeah. [00:01:01] Exploring Jesus' Parables in Matthew 13 Jesse Schwamb: Because what, Jesus will not stop leading us there. We're looking at his teachings, specifically the parables, and we're gonna be looking in Matthew chapter 13, where it seems like, is it possible that Jesus, once again has something very shocking for us to hear? That is for all the ages. 'cause it seems like he might actually be saying, Tony, that good and evil will always be found together in the professing church until the end of the world. Like in other words, that the visible church is set before a mixed body. I mean. Maybe everybody else chose churches, but certainly not my church, like the one that I actually go to on the Lord's day. So it seems like there might be this shocking statement possibly that he has for us, whether you're Episcopalian or Presbyterian or independent or Baptist or Christian life assembly, whatever it is, that no matter what we do to purify the church, our churches, we're never gonna succeed in obtaining a perfectly pure communion. Could that possibly be what Jesus is saying to us? I don't know what we're gonna find out. Tony Arsenal: We are. We are gonna find out. Jesse Schwamb: It's gonna be definitive. And if now that makes sense. If you don't even know why we're looking at Jesus' teachings, you could do us a favor even before you go any further. And that is just head on over in your favor, interwebs browser to or reform brotherhood.com, and you can find out all of the other episodes, all 464 that are living out there. There's all kinds of good stuff, at least we think so, or at least entertaining stuff for you to listen to. And when you're done with all of that in a year or two, then we'll pick it up right back here where we're about to go with some affirmations or some denials. [00:02:39] Affirmations and Denials Jesse Schwamb: So Tony, before we figure out what Jesus has for us in Matthew 13, in the parable of the weeds, or the tears, or the tears in the weed, what gets all of that? Are you affirming with, are you denying against, Tony Arsenal: I am denying. First of all, I'm denying whatever this thing is that's going on with my throat. Sorry for the rest of the episode, everyone. Um, I'm denying something that I, I think it is. How do I want to phrase this? Um, maybe I'll call it theological integrity, and maybe that's too strong of a word, but maybe not. So the listener who's been with us for a little while will remember that a while back. Um, you know, we've, we've talked about Matthew Barrett and he was a Baptist, uh, who's heavily involved in sort of the theology, proper controversies. He wrote Simply Trinity, which is just a fantastic book. He was a teacher or a professor at Midwestern, um, Baptist Theological Seminary. And he recently, um, uh, converted is not the right word. I hate calling it a conversion when you go from one faithful Bible tradition to another. But he recently, um, changed his perspective and joined the Anglican Church. And at the time I kind of, you know, I kind of talked about it as like, it's a little bit disappointing, like the reasons he cited. [00:03:57] Theological Integrity and Public Disclosure Tony Arsenal: Where I'm bringing this into a matter of sort of theological integrity. And it's not, it's not just Matthew Barrett. Um, there's other elements of things going on that I'll, I'll point to too is it's often the case when someone who is in some form of professional theological work or professional vocational ministry, that as they start to change perspectives, um, there comes to be like an inflection point where they should notify whoever it is that they are accountable to in that job or vocation, uh, uh, and then do the right thing and step down. Right? And so with Matthew Barrett, um. He continued to teach systematic theology at a Baptist Theological Seminary, which has a faith statement which he was obligated to affirm and hold in good faith. He continued to teach there for quite some time, if, you know, when he, when he published the timeline and he's the one that put all the timelines out there. So it's not like people had to go digging for this. Um, he continued to teach under contract and under that, that faith statement, um, for quite some time after his positions changed. I remember in college, um, sim very similar situation, one of my professors, um, and I went to a Baptist college. It was a General Baptist college. Um, one of my professors became Roman Catholic and for quite some time he continued to teach without telling anyone that he had converted to Roman Catholicism. Um. And I think that there's a, there's a, a level of integrity that public theologians need to have. Um, and it, it really makes it difficult when something like this happens to be able to say that this is not a moral failing or some sort of failure. Um, you know, James White has jumped on the bandwagon very quickly to say, of course we told you that this was the way it was gonna lead. That if you affirm the great tradition, you know, he was very quick to say like, this is the road to Rome. And I think in his mind, um, Canterbury is just sort of one, one stop on that trip. Um, it becomes very hard after the fact to not have this color and tarnish all of your work before. 'cause it starts to be questions like, well, when, when did you start to hold these views? Were you writing, were you, were you publicizing Baptist theology when you no longer believed it to be the truth? Were you teaching theology students that this is what the Bible teaches when you no longer thought that to be true? Um. Were you secretly attending Anglican services and even teaching and, and helping deliver the service when you were, you know, still outwardly affirming a Baptist faith statement. And the reason I, I'll point out one other thing, 'cause I don't want this to be entirely about Matthew Barrett, but there's a big, uh, hub glue going on in the PCA right now. Um, a guy named Michael Foster, who some of our audience will probably be familiar with, um, he and I have had our desktops in the past, but I think he and I have come to a little bit of a, of a uneasy truce on certain things. He, uh, went to work compiling a, a list and there's some problems with the data, like it's, it's not clean data, so take it for what it's worth. But he compiled a list of. Every publicly available church website in the PCA. So something like 1800 websites or something like that. Huge numbers. And he went and looked at all of the staff and leadership directories, and he cataloged all the churches that had some sort of office or some sort of position that appeared to have a, a woman leading in a way that the Bible restricts. And that more importantly, and starting to say it this way, but more importantly, that the PCA itself restricts. So we're not talking about him going to random church websites and making assessments of their polity. We're talking about a, a denomination that has stated standards for who can bear office and it's not women. Um. So he compiled this and people in the PCA are coming out of the woodwork to basically defend the practice of having shepherdess and deacons. There was one that he cataloged where, um, the website actually said, uh, that was the pastor's wife and the title was Pastor of Women. Um, and then as soon as it became public that this was the case, they very quickly went in and changed the title to Shepherd of Women or Shepherdess of Women or something like that. So it's, it's really the same phenomena, not commenting, you know, I think we've been clear where we stand on the ordination of female officers and things like that, but not that all that withstanding, um, when you are going to be a part of a body that has a stated perspective on something and then just decide not to follow it, the right thing to do the, the upstanding morally. Uh, in full of integrity move would be to simply go to another denomination where your views align more closely. PCA churches, it's not super easy, but it's not impossible to leave the PCA as an entire congregation and then go somewhere like the EPC, which is the Evangelical Presbyterian Church, which still on the spectrum of things is still relatively conservative, but is in general is in favor of, uh, female officers, elders, and diegans. So I, I think, you know, and you see this with podcasters, there was the big, there was a big fu and Les became a Presbyterian, and then when Tanner became a Presbyterian on the pub, I think it is, um, incumbent on people who do any form of public theology and that that would include me and Jesse when our views change. There comes a point where we need to disclose that, be honest about it, um, and not try to pretend that we continue to hold a view that we don't be just because it's convenient or because it might be super inconvenient to make a change. I don't even want to pretend to imagine the pressures, uh, that someone like Matthew Barrett would face. I mean, you're talking about losing your entire livelihood. I, I understand that from an intellectual perspective, how difficult that must be, but in some ways, like that kind of comes with the territory. Same thing with a pastor. You have a Baptist pastor or a Presbyterian pastor. It can go both ways, I think. I'm more familiar with Baptist becoming Presbyterians. I don't, I don't see as many going the other direction. But you have a, a Baptist pastor who comes to pay to Baptist convictions and then continues to minister in their church for, I've, I've seen cases where they continue to minister for years, um, because they don't, they don't have the ability to now just go get a job in a Presbyterian context because there's all sorts of, um, training and certification and ordination process that needs to happen. Um, so they just continue ministering where they are, even though they no longer believe the church's state of, you know, state of faith statement. So that's a lot to say. Like, let your yes be yes and your no be no, and when we really all boil it down. So I think that's enough of that. It, it just sort of got in my craw this week and I couldn't really stop thinking about it. 'cause it's been very frustrating. And now there are stories coming out of. Doctoral students that, um, that Barrett was teaching who have now also become Anglican. Um, so, you know, there starts to be questions of like, was he actively pros? I mean, this is like Jacob Arminius did this stuff and, and like the reform tradition would look down on it, where he was in secret in like sort of small group private settings. He was teaching convictions very different than the uni. I'm talking about Arminius now. Not necessarily Barrett. He was teaching convictions very different than the, the stated theology of the university he taught for, and then in public he was sort of towing the line. You have to ask the question and it is just a question. There's been no confirmation that I'm aware of, but you have to ask the question if that was what was going on with Barrett, was he teaching Baptist theology publicly and then meeting with, with PhD students privately and, and sort of convincing them of Anglican theology. I don't know. I'm not speculating on that, but I think it, the situation definitely right, brings that question to mind. It forces us to ask it. Um, and had he. Been transparent about his theological shifts sooner than that may not be a, a question we have to ask. Um, the situation may not be all that different, but we wouldn't have to ask the question. Jesse Schwamb: Yeah, that's totally fair. I mean, disclosure is important in lots of places in life and we shouldn't think that theological dis disclosure, especially like you're saying among our teachers, among our pastors, it is a critical thing. It's helpful for people to know when perspectives have changed, especially when they're looking to their leaders who are exhibiting trust and care over their discipleship or their education to express that difference. If there's been a mark, change it. It's worth it. Disclose, I'm guessing you don't have to over disclose, but that we're talking about a critical, we're talking about like subversive anglicanism, allegedly. Yeah. Then. It would be more than helpful to know that that is now shaping not just perspective, but of course like major doctrine, major understanding. Yeah. And then of course by necessary conviction and extension, everything that's being promulgated or proclamation in the public sphere from that person is likely now been permeated by that. And we'd expect so. Right. If convictions change, and especially like you're talking about, we're just talking about moving from, especially among like Bible believing traditions, just raise the hand and say loved ones, uh, this is my firm conviction now. Tony Arsenal: Yeah. Yeah. I think if someone walks up to you and says, do you think that we should baptize babies? And you're like, yeah, I think so. Then you probably shouldn't be teaching at a Baptist seminary anymore. Like, seems like a reasonable standard. And that seems to be what happened, at least for some period of time. Um, you know, and, and it, that's not to say like, I think, I think there are instances where the church, a given church or um, or a university or seminary or, or whatever the situation might be, can be gracious and recognize like, yeah, people's perspectives change and maybe we can find a way for you to continue to finish out the semester or, you know, we can bridge you for a little while until you can find a new, a new job. Um, you know, we'll, we'll only have you teach certain courses or we'll have a guest lecturer come in when you have to cover this subject that is at variance and like, we'll make sure we're all clear about it, but it doesn't seem like any of that happened. And that's, um, that's no bueno. So anyway, Jesse. What are you affirming and or denying Tonight? [00:13:43] Music Recommendations Jesse Schwamb: I'm just gonna go with something brief. I suppose this is an affirmation of me. I'm saying that like somewhat tongue in cheek, but maybe it's, wait, I'll rephrase. It's because this will be more humble. I'm affirming getting it right, even more than I thought. So I'm just gonna come back to the well and dip it into something that I mentioned on the last episode. So the keen listener, the up-to-date listener might remember. And if you're not up to date, uh, just let this be fresh for you. It'll, and I, it's gonna be correct because now I have posts, you know, I'm on the other side of it. I've clear hindsight. I am affirming with the album Keep It Quiet by Gray Haven, which I affirmed last week, but it came out on the same day that the episode released. And since you and I don't really like record in real time and release it like exactly as it's happening, I only did that with some, a little bit of reservation because I only heard they only released three songs in the album. And I thought I was overwhelmed that they were, they were so good that I was ready to jump in and loved ones. Oh, it, it turns out. I was so correct and it was, it's even better than I thought. So go check it out. It's Grey, GRE, YH, and they are, this is the warning, just because I have to give it out there and then I'll balance it with something else for something for everybody here today. So, gr Haven is music that's post hardcore and metal core. You're getting two cores for the price of one, if that is your jam. It has strong maleic sensibilities. It's very emotional, it's very experimental. But this new album, which is called, um, again, keep It Quiet, is like just a work of arts. It real like the guitar work is intricate haunting, lovely, and it's bold, like very intentional in its structure and very el loose in its construction. It's got hook driven melodies and it's got both heart and soft. It really is truly a work of art. So if you're trying to, to put it in your minds, like what other bands are like this? I would compare them to bands like, every Time I Die, Norma Jean, let Live Hail the Sun. If you just heard those as combinations of words that don't mean anything to you, that's also okay. No worries. But if you're looking for something different, if you're looking for something that's maybe gonna challenge your ear a little bit, but is like orchestral and has all of these metal core post hardcore, melodic, textured movements, there's no wasted notes in this album. It's really tremendous. If that's not your thing. I get, that's not everybody's thing. Here's something else I think would be equally challenging to the ear in a different way. And that is, I'm going back to one other album to balance things out here, and that's an album that was released in 2019 by Mark Barlow, who I think is like just. So underrated. For some reason, like people have slept on Mike Barlow. I have no idea why he put together an album with Isla Vista Worship called Soul Hymns, and it's like a distinct soul and r and b album of praise with like these really lovely like falsetto, harmonies. It's got these minimalistic instrumentation, warm keys, groove oriented percussion, like again, like these false soul driven melodies. It's contemplative. It's got a groove to it. This is also equally a beautiful album for a totally different reason. So I think I've given two very book-ended, very different affirmations, but I think there's something for everybody. So my challenge to your loved ones is you gotta pick one or the other. Actually, you could do both, but either go to Gray Havens, keep it quiet, or go to Mike Bellow's Soul hymns. I do not think you will be disappointed. There's something for everybody on this one. Tony Arsenal: Yeah, I, it was funny because as you were saying the names of those bands, I literally was thinking like Jesse could be speaking Swahili and I wouldn't know the difference. And then you, you, you know me well, yeah. Uh, I haven't listened to Gray Haven. Uh, I probably will give it a couple minutes 'cause that's how it usually goes with songs that meet that description. Uh, I can always tell that the music that Jesse recommends is good from a technical perspective, but I never really, I never really vibe with it. So that's okay. But I mean, lots of people who listen to our show do so check that out. If, if you ever. Want a good recommendation for music. Jesse is the pers so much so that he can recommend amazing music before it's even available and be a hundred percent correct, apparently. That's right. So Jesse Schwamb: affirm with me everybody, because turns out I was right. Uh, it was easy to be correct when of course I had all of that fair sightedness by being able to listen to those. Yeah, those couple of songs, it, this is a kind of album. Both of these, both of these albums. When I heard them, I reacted audibly out loud. There are parts of both of 'em where I actually said, oh wow. Or yeah, like there's just good stuff in there. And the older you get, if you're a music fan, even if you're not, if you don't listen to a lot of music, you know when that hook gets you. You know when that turn of melody or phrase really like hits you just, right. Everybody has that. Where the beat drops in a way. You're just like, yes, gimme, you make a face like you get into it. I definitely had that experience with both of these albums and because. I've listened to a lot of music because I love listening to music. It's increasingly rare where I get surprised where, you know, like sometimes stuff is just like popular music is popular for a reason and it's good because it's popular and it follows generally some kind of like well established roots. But with these albums, it's always so nice when somebody does something that is totally unexpected. And in these, I heard things that I did not expect at all. And it's so good to be surprised in a way that's like, why have I never heard that before? That is amazing. And both of these bands did it for me, so I know I'm like really hyping them up, but they're worth it. They're, they're totally worth it. Good music is always worth it. Tony Arsenal: Yeah. Yeah. I, uh, I think that is a good recommendation. I will check those out because, you know, you're a good brother. I usually do, and I trust your judgment even though it, you'll like the second one. Yes. Hopefully. Yeah. Yeah. Jesse Schwamb: You'll like the second one. Second one is like, just filled with praise and worship. And like, if, if you're trying to think, like say, here's how I'd couch the proper atmosphere for Mark Barlow's soul hymns you're having, you know, it's, it's a cold and chilly. A tal evening, the wind is blowing outside. You can hear the crisp leaves moving around on the pavement and the sun has gone down. The kids are in bed, the dinner dishes are piled up in the sink. But you think to yourselves, not tonight. I don't think so, and you just want that toneage to put on. You want that music as you dim the lights and you sit there to just hang out with each other and take a breath. You don't just want some kind of nice r and b moving music. You don't want just relaxing vibes. You want worshipful spirit filled vibes that propel your conversation and your intimacy, not just into the marital realm, but into worship and harmony with the triune God. If you're looking for that album, because that situation is before you, then sol hymns is the music you're looking for. Tony Arsenal: See, I'm gonna get the, I'm gonna get the recommendations backwards and I'm gonna sit down with my wife with a nice like evening cup of decaf tea and I'm gonna turn the music on. Yes, it's gonna be like, yes. That was me screaming into the microphone. That was not good for my voice. Well, the good news is it's gonna, it's gonna wake the kids up. That's, I'm gonna sleep on the couch. That's, it's gonna be bad. That's, Jesse Schwamb: honestly, that's also a good evening. It's just a different kind of evening. It's true. So it's just keep it separated again, uh, by way of your denial slash affirmation. Tony disclosure, I'm just giving you proper disclosure. Everybody know your music KYM, so that way when you have the setting that you want, you can match it with the music that you need. So it's true. Speaking of things that are always worth it. [00:21:30] Parable of the Weeds Jesse Schwamb: I think the Bible's gotta be one of those things. Tony Arsenal: It's true. Jesse Schwamb: And this is like the loosest of all segues because it's like the Sunday school segue into any topic that involves the scriptures. We're gonna be in Matthew 13, and how about we do this? So this is one of these parables and in my lovely ESV translation of the scriptures, the, we're just gonna go with the heading, which says the parable of the weeds. You may have something different and I wanna speak to that just briefly, but how do we do this, Tony? I'll hit us up with the parable and then it just so happens that this is one of the parables in the scripture that comes with an interpretation from our savior. It's true. How about you hit us up with the interpretation, which is in the same chapter if you're tracking with us, it's just a couple verses way. Does that sound good? Tony Arsenal: Let's do it. Jesse Schwamb: Okay. Here is the parable of the weeds. Jesus puts another parable before them saying The kingdom of heaven may be compared to a man who sewed good seed in his field. But while his men were sleeping, his enemy came and sewed weeds among the weeds and went away. So when the plants came up and bork rain, then the weeds also appeared, and the servants of the master of the house came and said to him, master, did you not sow good seed in your field? How then does it have weeds? He said to them, an enemy has done this. So the servant said to him, then, do you want us to go and gather them? Then he said, no. Lest in gathering the weeds, you root up the wheat along with them, but let them grow together until the harvest and at harvest time, I will tell the reapers, gather the weeds first, and bind them in bundles to be burned, but gather the wheat into my barn. Tony Arsenal: Alright, so then jumping down. To verse 36. We're still in Matthew 13, he says, then he left the crowds and went into the house and his disciples came to him saying, explain to us the parable of the weeds of the field. He answered, the one who sows the good seed is the son of man. The field is the world, and the good seed is the sons of the kingdom. The weeds are the sons of the evil one, and the enemy who sowed them is the devil. The harvest is the end of the age, and the reapers are the angel. Just as the weeds are gathered and burned with fire, so will it be at the end of the age, the son of man will send his angels and they will gather out of his kingdom, all that, all causes of sin in all lawbreakers and throw them into the fiery furnace. It is that in that place there will be weeping and gnashing of teeth. Then the righteous will shine like the sun in the kingdom of their father. He who has ears let him hear. Jesse Schwamb: So let me start with just like a little bit of language here, which I've always loved in this passage because where else in like the contemporary context, do you get the word tear? Yeah. Aside if you're like using a scale, and that's a totally different definition. I like this. I like the word tear. It force, it forces to understand that what's common to our ear, why that's being used, it often is translated weed. Here's just like my, my little like linguistic addition to the front end of our discussion and is the reason I like it is because here does have a specific definition. If like you were to look this up in almost any dictionary, what you're gonna find is it's like a particular type of weed. It's actually like an injurious weed that is indistinguishable in its infant form from the outgrowing of green. So I like that because of course that is exactly why. Then there's all this explanation of why then to not touch anything in the beginning because one, it causes damage to it looks like everybody else. I just thought I'd put that out there as we begin our discussion. Tony Arsenal: Yeah, yeah. You know, I, um, I am a homeowner and I don't own the land that I'm on, but I'm responsible for the land that I'm on. And we have this really gnarly weed problem. There's this, uh, sort of floor growing, uh, carpeting weed called, uh, I think it's called like a carpeting knob, head weed or something like that. Some really descriptive thing. And I went out there the other day and there's really nothing you can do about this other than to rip it up. But I went out there the other day to start to pull some of it up and it totally wrecks the yard. Like it totally pulls up the grass, it destroys the sod. And when you're done, this is why it's kind of nice that I don't have, I'm not responsible for the land as I'm not gonna have to pay to resod the land. But when you're done pulling up this weed, you have to resod the whole place. You have to regrow all the grass because it, first, it takes over for the grass, and then when you rip it up, it rips the roots of the grass up as well. And so this parable, um, on one level is immediately obvious, like what the problem is, right? The situation is such. That the good, uh, the good sower, right? He's a good sower. He knows what he's doing. He understands that simply ripping up the weeds. Even if you could distinguish them right, there's this element that like at an early stage, they would be very difficult, if not impossible to distinguish from, uh, from wheat. Even if you could distinguish them, you still wouldn't be able to pull up the weeds and not do damage to the grain. And so we, we have this sort of like, um, conflict if you wanna follow like literary standards, right? We have this conflict and as we come to sort of the climax of this, of this plot is when all of a sudden we see that, that the problem needs a resolution and there is a resolution, but it's not necessarily what we would think it would be. Jesse Schwamb: Yeah, I think that's what I find shocking. It is like a massive statement of reality that is that like equal points or equal times totally sensible. And other times we would think, well why surely not in the church Lord, like of all the places, like aren't we talking about a kind of purity of your people, the very people that you're assembling together, the chief of which is Christ and the apostles being the building stones and Christ of course being the cornerstone. And I, I think that's what I find and I wonder the people hearing this, if they thought like, well, surely Lord, that not be the case like you are bringing in and ushering in this new kingdom. Isn't this new kingdom gonna be one of absolute purity? And, and what I think he's striking at, which I do find a little bit wild, is that Jesus essentially saying, at least to my ear, anything we try to do, even like the purest preaching of the gospel, is not gonna prevent this in every age of the church. The same state of the things that's existed in that is in the time of the early fathers. In the first century, and the church as it stands right now in the land and the time of the reformers, and of course with the best ministers at this hour right now and on your next Lord's day, and everyone after that, there is always and ever will be a visible church or a religious assembly in which the members are not all wheat. Yeah. And then I like what you're saying. It's this idea that. There's a great harm that's gonna come about if you try to lift them up because you cannot tell. So, and this is what's hard, I think this does influence like how we interact with people online. Certainly how we interact with people in our own congregations, but we are going to have no clear convicted proofs. We might only have like probable symptoms if we're really trying to judge and weigh out to discern the weeds from the weeds, which at most can only give us some kind of conjectural knowledge of another state. And that is gonna sometimes preemptively judge cause us to judge others in a way that basically there's a warning against here. It, it's, it's not the right time. And ba I think mainly from the outside where I find like this parable coming together, if there's like maybe a weird Venn diagram of the way Christians read this and the way unbelievers hear this, the overlap between them is for me, often this idea of like hypocrisy and you know. When people tell me that the church is full of hypocrites, either like Christian or non-Christian, but typically that's a, a, you know, statement that comes from the non-Christian tongue. When people say that the church is full of hypocrites, I do with a little bit of snark, say it's definitely not full of hypocrites. There are always room for more in the church and, and there's like a distinction of course between the fact that there is hypocrisy in the Christian or whether the Christian is in fact or that person is a hypocrite. So like when I look through the scriptures, we see like Pharaoh confessing, we see Herod practicing, we see Judas preaching Christ Alexander venturing his life for Paul. Yeah, we see David condemning in another, what he himself practiced and like hezeki glorifying and riches Peter. Doing all kinds of peter stuff that he does, and even all the disciples forsaken Christ, an hour of trouble and danger. So all that to say, it goes back to this like lack of clear, convicted proofs that I think Jesus is bringing forward here, but only probable symptoms. And I'm still processing, of course, like the practicality of what you're saying, Tony, that in some ways it seems like abundantly clear and sensible that you should, you're, you're gonna have a problem distinguishing. But our human nature wants to go toward distinguishing and then toward uprooting sometimes. And the warning here is do not uproot at the improper time. And in fact, it's not even yours to uproot because God will send in the laborers to do that at the time of, of harvest. And so there will be weeds found among the wheat. It's just like full stop statement. And at the same time it's warning, do not go after them now. Tony Arsenal: Yeah, I, I'm sure this, um, I, I'm sure this will spill over into a second conversation, but we, I think we have to talk a little bit about the interpretation here before we, before we even like talk more about the parable itself, because if you're not careful, um, and, and. I need to do a little bit more study on this, but it, it's interesting because Matthew almost seems to want you to sort of blend these parables together a little bit. Jesse Schwamb: Yes. Tony Arsenal: Right. These, these, there's three, um, there's three, maybe four if you count the parable of the treasure in the field. But there's three agricultural parables that have to do with sowing seed of one, of, one way or another. And in each one the seed is something different. And I, it almost seems to me. And then on top of that, the parables are like interwoven within each other. So like right smack in the middle of this, we have the parable. Uh, is given. Then the next parable of the mustard seed, which we're gonna talk about in a future episode, is given, and then the explanation of this parable of the tears is given. Um, and so we have to talk a little bit about it and sort of establish what the seed is, because we just spent three weeks talking about the seed in the par of the sower. Um, or the parable of the, of the soils. And in that parable, the seed was the word of God in this parable. And this is where I think sometimes, um, and again, this is like the doctrine of election in parable form, right? Yes. I think sometimes we read this and we, we misstep because the seed is not, uh, is not the word of God in this. The seed is the believers. Jesse Schwamb: Yes. Tony Arsenal: Right. So the good seed is sewn into, uh, into the field, which, you know, I think maybe there'll be some, we, we can save this for, for next week. But a little sneak peek is, it's not always clear exactly what the field is. Right. And I think we often, we often talk about the field as though it's the church that doesn't necessarily align a hundred percent with how Christ explains the parable. So we'll have to, we'll have to talk through that a little bit. I affirm that it is the church in, in a, a broad sense. Um, but, but the, the way that Christ explains it slightly different, but the, the seed is sewn into the world. The sons of the kingdom of heaven are sowed into the, into the world. And then the seed of the enemy, the bad seed, is the sons of the devil that's also sewn into the world. And so these two seeds grow up next to each other. If we think about the seed here as though it's the word of God, rather than the, the actual believers and unbelievers that elect in the ate, we're gonna make some missteps on how we understand this because we're not talking about, um, the, the seed being, you know, doctrine being sewn into the world. And some of it grows up good and some of it grows up bad or good doctrine and bad doctrine. We're talking about the believers themselves. Sorry, Jesse is mocking my rapid attempt to mute before I cough, which I, I did. That was pretty good. Jesse Schwamb: Yeah, that was, that was pretty good. Listen, this is real. Podcasting is how it goes. Yeah, I'm with you. Thank you for pulling out that distinction. 'cause it is critical. We, we have some overlap of course, with Jesus being really ascribed as the farmer, the son of man, right. He's sowing this good seed, but not the word. It's believers or the sons of the kingdom. And it is into his field, which is the world. Part of that world of course, is necessarily the church, right? But while everybody's sleeping, this enemy, the devil, he comes, he sows weeds or unbelievers, the sons of the evil one among this weed, they grow, go up together. And of course, like if I were servants in this household, I'd ask the same thing, which was like, should we get the gloves out? Yeah. Just pull those bad boys out. Like and, and so again, that's why I find it very so somewhat shocking that. It's not just, you could see like Jesus saying something like, don't worry about it now because listen, at the end of all time when the harvest comes, uh, I'm gonna take care of it. Like it's just not worth it to go out now. Right. That's not entirely The reason he gives, the reason is lest they uproot the wheat by mistake. So this is showing that the servants who are coming before Jesus in the parable, in this teaching here to really volitionally and with great fidelity and good obedience to him to want to please him to do his will. He there, he's basically saying, you are not qualified to undertake this kind of horticulture because you're just not either skilled enough or discerning enough to be able to do it right. Tony Arsenal: Yeah. Yeah. And you know, I think, um. Maybe just a word of meth methodology too. Um, this parable also flies in the face of all of the, like, parables are not allegories, kind of kind of people. Um, and this is, we talked about this in our introductory episode. You have to take each parable for what it's worth, this parable very much is explained like a traditional allegory, right? Right. [00:35:39] Understanding the Parable's Symbols Tony Arsenal: It's got, it's got several different elements and Christ goes through and the first thing he does is tell you what each element represents, right? The sower is the son of man, the field is the word. The good seed is the sons of the kingdom of the weed. It's like, he's like clicking down all of the symbols and then he explains how all of it works together and like a good, all like a good allegory. Once you understand what each element and each symbol is, the rest of it actually is very self-explanatory, right? When you understand who's what in the parable. The outcome and the sort of the punchline writes itself as it were. And I think this is one of those parables that we would do. [00:36:18] Challenging Our Sensibilities Tony Arsenal: I think we would do well to sort of let marinate a little bit because it does challenge a lot of our sensibilities of what, um, what is real in the world, what is real in terms of our interaction with the world, right? What's real in terms of the role of unbelievers in the life of a Christian, um, whether we can identify who is or isn't an unbeliever. Um, I think we, you know, I, I'm not one of those people that's like, we should assume everyone's a Christian. And I'm certainly not one of those people who's like, we should assume nobody is a Christian. But I think there are a lot of times where we have figures either in public or people in our lives. Like personal acquaintances that have some sort of outward appearance. And, and that's like the key here that that distinction between weeds is a, is not a great translation as you said. Right. Because right. That distinction between wheat and weeds, to go to my analogy, like it's very clear what is grass and what is this like carpeting, knob weed. Like there's no, there's no doubt in my mind, which is the weed and which is the grass. Um, that's not what we're talking about here. And so it does, it does say here, I mean, it implies here that it's not going to be easy to distinguish the difference between exactly. The, a son of the kingdom and a son of the evil one. And I think that's a, that's a. A theological pill that is very difficult to swallow. Yes. [00:37:43] Personal Reflections on Identifying Christians Tony Arsenal: Because a lot of us, um, and this goes back to like what I, what we were saying in the last, the last parable, A lot of us were reared in our Christian faith on sort of this idea that like, you can check your fruit or you can check other people's fruits and you can determine, you can easily identify who's a Christian and who's not. I remember when I was in high school, you know, I got, I was converted when, when I was 15 and, um, I got to high school and it felt very easy to me to be able to identify the people who were play acting Christianity and the people who were real Christians. That felt like the most natural thing in the world to me. Um, it, it's an interesting story, but one of the people that I was absolutely sure was not a Christian. That he was just doing kinda civic Christianity. He was in confirmation 'cause his parents wanted him to. Um, and I had good reason to believe that at the time he was very worldly. He, he, um, did not seem to be serious about his faith at all. There was good reason to make the assessment that I did. And then I ran into him on Facebook like 15 years later and he's a pastor at the Lutheran Church and he's, you know, he loves the Lord Jesus Christ. And he would not explain it as though he had a later conversion story. It's not as though he would say like, well yeah, in high school I pretended to be a Christian. And then, you know, I got through college and uh, I really became like I got converted. He would, would grow this, or he would explain this as slow, steady growth from an immature state that knew the facts of the gospel and in a certain sense trusted that Jesus was his savior and didn't fully understand the ramifications of that. I mean, who did at 15 years old? Mm-hmm. Um. And, and that it was a slow, steady growth to the place that he's in now. [00:39:21] The Difficulty of Distinguishing Believers Tony Arsenal: So I, I think we should take seriously, and maybe this is the takeaway for this week at least, and we can, we can talk about it more, is we should take seriously the fact that the Sons of the Kingdom and the Sons of the evil one in this parable are not only inseparable without doing damage, but in many ways they are not easily distinguishable. Jesse Schwamb: Right. On. Tony Arsenal: Um, and that, that's a baked into the parable. And I think we do spend a fair amount of time and I, I'll. I'll throw myself on on this. You know, this, we, I'm not just saying we, um, we as a genuine statement, like I have participated in this. I'm sure that I still do participate in this sometimes intentionally. Other times, uh, subconsciously we spend a fair amount of time probably in our Christian lives trying to figure out who is a Christian who's not. And it's not as though that is entirely illegitimate, right? The, the, as much as we kind of poke at the, the, um, workers in this who sort of are kind of chumps, right? They're sort of like the idiots in this. They, they don't seem to know how this happened. They propose a course of action that then the master's like, no, no, that's not, that's not gonna work. They can tell the difference, right? They can see that some are weeds and some are are weeds, and they're asking, well, what do we do about it? But at the same time he is saying like, you're not really competent to tell the difference, Jesse Schwamb: right? On Tony Arsenal: a good, uh, a good. Competent farmer could probably go out and take all the weeds out. Just like a really good, I dunno, landscape technician, I'm not sure what you would call it. I'm sure someone could come into my yard and if I paid them enough money they could probably fix this knobby grass, weed, whatever it is. Um, infestation. They could probably fix it without damaging the lawn. Like there are probably people that could do it. I am not that competent person and the workers in this are not that competent person. And I would say by and large in our Christian life, we are not that competent person to be able to identify who is and who isn't, um, a Christian who is or isn't a son of the kingdom versus a son of the devil. Jesse Schwamb: And there's sometimes like we just get history reprised, or it's like, again, the same thing microwaved over and served to you three or four times as leftovers. So it's also gonna remember like any as extension that like any attempt to like purify the church perfectly, and this has happened like donatism in the fourth century I think, or even like now, certain sectarian movements are completely misguided. Yeah. And Jesus already puts that out ahead of us here. It's almost like, do not worry what God is doing because God again is, is doing all the verbs. So here's a question I think we should discuss as we, we move toward like the top of the hour. And I think this is interesting. I don't know if you'll think it's interesting. I, I kind of have an answer, but I, I'll post it here first. [00:42:01] Visible vs. Invisible Church Jesse Schwamb: So the setup like you've just given us is two things. One, we got the visible church, we talk about the visible church. I think a lot across our conversations. Yeah. And we might summarize it, saying it's like the community of all who profess faith, maybe even the community of all who are baptized. Right. Possibly. Yeah. And it's going to include then necessarily as Jesus describes it here, true and false believers. So that's one group. Then we've got this invisible church, which as you said is the elect. Those who are known perfectly to God. So the good seed is those elect true believers. The weeds, then the weeds to me, or the tears, even better, they sound a lot like that. Second and third soils that we talked about previously to some, to some degree. I'm not, I'm not gonna lump them all in because we talked about receiving the word and it taking root, all that stuff, but to some degree, and also probably like a soil one. But here's, here's the way I would define them up and against or in contradistinction to the elector believers. They're the reprobate. They're false professors or they're children of the evil one. Now here's the question, Doni, Alex, I, I think this is very interesting. I'm trying to build this up for like more dramatic effect. 'cause now I'm worried it's not that good. The question is, I'm going to presume that this good seed, the elect, true to believers, the confidence of perseverance of the saints, the justification in sanctification of God's children is in fact though we at some points have our own doubts, it is made fully aware and known to the good seed. That is, we should have, as you and I have talked about before, the confidence that God has in fact saved his elect. So the question that on the other side is for the ta, do the tears always know that they are the tears? Tony Arsenal: Yeah, I mean, you know, I think, um, I've said this before and I, I mean it, and I think it takes probably more. More discussion than we have time for tonight. And and that's fine because we can do as many episodes on this as we want to. 'cause this is our show and you can't stop us actually. Jesse Schwamb: Correct. [00:43:56] Assurance of Faith and False Assurance Tony Arsenal: Um, I've said before that assurance is the proper and rightful possession and inheritance of every Christian. Jesse Schwamb: Amen. Tony Arsenal: Right. So I, I am not one to say that the technical terminology is that assurance is not of the essence of faith. Um, I think we have to be really careful when we say that it's not, but we have to be equally careful when we say that it is. Because if we say that assurance is of the essence of faith, then what that means is someone who doesn't have assurance, doesn't have faith. Um, the reason I say that we can say that is because there's a sense that that's true, right? If you don't believe you're saved, then you don't believe you're saved and you don't trust that you're saved. But that doesn't mean that you always have full awareness of that confidence. And, you know, I think, um, I think. I think you're, you're right that, um, it may not always be, let me put it this way. I, I think that we have to consider the entire life of a Christian when we're, when we're making that analysis. And in a certain sense, like, I'm not even sure we should be making that analysis. That's kind of the point of the, the, um, the parable here, or at least one of the points. But, um, when that analysis is made, we'll, we'll channel a little bit of RC sprawl. It's not as funny when he's actually, uh, gone. I don't really mean channel RC sprawl. We will, uh, speak in the tradition of RC sprawl, um, in the final analysis, whatever that means. Whenever that is. You have to consider the whole life of a Christian, the whole life of a believer. And so there may be times in the life of a believer where they don't possess that full assurance of faith or that that full assurance is weak or that it seems to be absent. But when we look at the entire life of a believer, um, is it a life that overall is marked by a confident trust, that they are in fact children of God? Um, that a confident, uh, a confident embracing of what the spirit testifies to their spirit, to, to borrow language from Romans, I think in, in the life of a true elect Christian, um, that with the perseverance of the saints, uh, with the persistence of the saints and the preservation of the saints, um, I think that yes, those who are finally saved, those who are saved unto salvation, if you wanna phrase it that way. They finish the race, they claim the prize. Um, that assurance will be their possession in their life as a Christian. Jesse Schwamb: Right on. Tony Arsenal: All of that to say, I think there are, are, there's a good case to be made for the fact that there is also people who have false assurance, right? And this is where it takes a lot more, you know, finagling and jockeying and theological explanation of how can we know we have true assurance versus false assurance. You know, it's kinda like that question, like, does an insane person know they're insane? Well, does a false, does someone with false assurance know that their assurance is false? I don't think, I don't think so. Otherwise, it wouldn't be false assurance. Um, if they knew it wasn't real assurance, then they wouldn't have any kind of assurance. So I, I think I agree with you at least where, where I think you're going is that we do have to, we do have to make some judgements. We have to look at our own life, right? Um, there is an element of fruitfulness in this parable, right? We'll talk about that. I, I think we'll get into that next week. But it's not as though this is entirely disconnected from the parable of the soils. Both of them have a very similar kind of. End point. [00:47:20] Final Judgment and Eschatology Tony Arsenal: At the end of all things, at the end of the harvest, when the end of the age comes, and the reapers, the angels are sent, what they're gathering up are fruitful Christians, right in the parable, he sends out the, it's funny be, I love my dispensational brothers and sisters, but in this parable, like the rapture is the rapture of the unbelievers, right? The angels go out and reap the unbelievers first. The, the weeds are bundled up and thrown into the fire, and then the, the fruitful wheat is gathered into the barns. Um, there is this delineation between the fruitless weeds and the fruitful wheat or the, the grain that has borne, you know, borne fruit. That is part of what the, the outward. Elements of this parable are, so we should talk about that more, of what is this trying to get at in terms of not just the difference between weeds and wheat and how that maps up to those who are in Christ versus those who are not in Christ, but also like what is this telling us about the, the end of the age eschatology. All of that's baked in here and we haven't even scratched the surface of that Jesse Schwamb: yet. Yeah, we, we, I, and we just can't, even on this episode, probably, you're right, we're gonna have to go to two so that, I guess it's like a teaser for the next one. I'm told they're with you. It's interesting. I've been thinking about that, that question a lot. And I do like what you're saying. You know, at the end here, it's almost as if Christ is saying at the time of harvest, things become more plain, more evident In the beginning. The chutes are gonna look really, really similar, and you're gonna go in and you're gonna think you're guessing properly or using your best judgment, and you're gonna get it wrong in the end when he sends out those who are harvesting. I liken this passage here in the explanation as you read to us starting in verse 36, how there's this comparison of heat and light. And so there is the heat and light of the fiery furnace into which, as you said, all of those who are the children of the enemy will be gathered up and burned. And then there's that contrast with in verse 43, then the righteous will shine like the sun in the kingdom of their father. So there is like a reward that comes from the bearing of the fruit and that made evidence by a different type of heat and light. So I do struggle with this question because. It's easy to answer in some ways if we're defining the weeds in pirate or the tears in pirates as false professors typically. Let's say false professors of a nefarious kind, then it seems pretty plain that somebody, right, that the enemy has implanted certain people to stir up trouble with the intention to stir up trouble that is in fact their jam. Or they know that even if they're putting on heirs, that they're in fact play acting that the hypocrisy is purposeful and that it is part of like the missional efforts that they're doing to disrupt what God is doing in the world. So I might think of somebody like when we go, when we're looking in, um, Exodus, and we find that at least to some degree, all of Pharaoh's magicians can replicate everything that Moses is doing. Moses doing that by the power of God. But the magicians are so good and whatever means they're using, but they know, I presume they know they're not, they're not using Yahweh, they're not drawing their power or their influence from Yahweh. Tony Arsenal: Right? Jesse Schwamb: But it's so convincing to the people that Pharaoh is like, eh. Obviously I've seen that before because we just, we just did that here. Come back with your next trick until God flexes his mighty muscles in a really profound way, which cannot be replicated. And at some point there's a harvest that happens there. There's a separation between the two, those who are truly professing, the power that comes from God, the one true God, and those that are just replicating the cheap copy, the one that's just pure trickery and smoke and mirrors. So. That's an easy category. I'm with you. And I'm not saying that this is an invitation to bring the kind of judgment here that we've just spoken against. I'm not condoning this. What I do find interesting though is if the enemy is crafty, is it possible that they're always going to be forms of terror in the world that do feel that they have very strong conviction and belief about biblical things? Maybe there's, there's strong hobby horses or there are misguided directions here that pull us apart, that become distractions. Or maybe it's just even attitudes, uh, things that can be divisive, disruptive, derogatory that again, pull us away. For making the plain things, the main things and the main things, the plain things, which in some ways draws us back to like the whole purpose of you and I talking every week, which is we wanna get back to what the scripture teaches. We wanna follow the our Lord Jesus Christ very, very closely. I'm gonna clinging to the hymn of his rob as we walk through life so that we do not fall to those kind of false convictions. So I'm not, please hear me, loved ones. I'm not trying to call into question your faith as Tony just said. I am saying that there, this is kind of scary, just like we talked about. There are elements of the parables of the, of the soil that were equally scary. And so it's just in some ways to say, we gotta keep our heads not theological, swivel. We, we gotta be about the Lord's business, and we gotta be about understanding through prayer and study and communion with him, what it is that he wants to teach us in the purest way, knowing that the church itself and the world, of course, is never going to be entirely pure. At the same time, it is our responsibility to, as you already said, test for ourselves to understand what is that true gospel of the Lord Jesus Christ. Because some tears are going to be maybe easy to identify and with without, you know, throwing too much shade or. I was gonna say spilling the TI don't think that works here, but I'm not young anymore, so I'm trying to use or or put on blast. Yeah. I'm looking at you Mormons or Jehovah's witnesses. Like it's, it's easier there to be like, yeah, right, this is wrong. It is a false profession, but we've just gotta be careful even in our own hobby, horses not deviates into ground. I think that doesn't preclude us from being children of the light and children of the kingdom, but can still be disruptive or uh, you know, just distracting. But either way, yeah. I think what's scary to me about this is exactly what you said, Tony, is, is could it be that there are people that are very sincere about the Christian faith, but are sincerely wrong? Tony Arsenal: Yeah. Jesse Schwamb: And what does that mean for God's elected purpose? What does that mean for our understanding of how to interact in our churches in the world? Does that make sense? Tony Arsenal: It does. And I'm not sure whether you were trying to set up the, what might be the first genuine reformed brotherhood cliffhanger, but you did. Because we're on minute 54 of a 60 minute podcast, and, uh, there's no way we're gonna get into that and not go for another 60 minutes. So, Jesse, I, I'm, I'm glad that we are taking our time. Um, I know that sometimes it's easy when you put out a schedule or you put out a sort of projected content calendar to feel like you have to stick to it. But I wanna give these parables, the time they deserve and the effort and the, uh, the, uh, study and the discussion that they deserve. And I think the questions you're posing here at the end of this episode are really, really important. And they are questions that this parable forces us to ask. Right, right. It's not as though we're just using this as a launching pad. Um. If the workers can't tell the difference between the, the seed and the, or the, the weeds and the weeds, it's reasonable to think that the weeds themselves may not be able to tell the difference. Right? The sons of the evil one, um, are probably not in this parable, are probably not the people like in the back, like doing fake devil horns, right? And like, you know, like there's, there's probably more going on that we need to unpack and, and we'll do that next week. Jesse Schwamb: I love it. So we've got some good stuff coming then, because we've gotta, this is like, do you ever remember when you were in, uh, you know, doing your undergraduate postgraduate work, you'd get like a topic or an assignment or a paper and you'd be super stoked about it and you start reaching it, be like, okay, researching it. And you'd be like, all right, I've got some good topics here. And then you get into it, you're like, oh, but I'm gonna have to talk about this. And Oh, like before I could talk, I'm gonna have to explain this. Sometimes when we get into these, as you and I have been talking, that's what it feels li

christmas god jesus christ women lord bible soul reality speaking kingdom phd christians christianity romans satan iphone scripture podcasting rome exodus sun loved danger faithful sons pastor engaging honestly judas parable affirmations congratulations telegram elements endurance mormon baptist discernment assurance pharaoh parables mother in law weeds brotherhood herod difficulty wheat jehovah yahweh visible mm reverend assuming midwestern canterbury roman catholic esv presbyterian anglican eschatology rc venn church discipline personal reflections competent pca tas doctoral james white swahili gie anglican church roman catholicism final judgment disclose assurance of salvation gre lutheran church doni epc episcopalian auggie norma jean michael foster uncle jesse yh matthew barrett shepherdess arminius donatism jacob arminius baptist theological seminary tony arsenal mike barlow

Episode 562: Bait your hook (how will you be used?)

ai mba associate director using ai graduate schools admissions ets achievable gre

Play Episode Listen Later Oct 17, 2025 10:44

If you're fishing for relationships, you have to bait your hook – because fish don't bite steel. Of course, this runs the risk of being exploited for your bait. However, you can significantly reduce the likelihood of this occurring with a little common sense. Just remember that you can't dictate what fish are supposed to like. Bait your hook appropriately and you'll never be at a loss for food. The only question you have to ask yourself is: how will you be used? Join my community: https://the-captains-quarters.mn.co Buy my book, "The Value of Others" Ebook: https://amzn.to/460uGrA Audiobook: https://amzn.to/3YfFwbx Paperback: https://amzn.to/3xQuIFK Book a paid consultation: https://oriontarabanpsyd.com/consultations Subscribe to my newsletter: https://oriontarabanpsyd.com Social Media TikTok: https://www.tiktok.com/@oriontaraban Facebook: https://facebook.com/profile.php?id=100090053889622 LinkedIn: https://www.linkedin.com/in/orion-taraban-070b45168/ Instagram: https://instagram.com/psyc.hacks Twitter: https://twitter.com/oriontaraban Website: https://oriontarabanpsyd.com Orion's Theme: https://www.youtube.com/watch?v=WrXBzQ2HDEQ Thinking of going to grad school? Check out STELLAR, my top-rated GRE self-study program based on the world's only empirically-validated test prep system. Use the code "PSYCH" for 10% off all membership plans: https://stellargre.com. Become a Stellar affiliate and earn a 10% commission for every membership purchased by a new student you conduct into the program: https://stellargre.tapfiliate.com. GRE Bites: https://www.youtube.com/@grebites4993 Become a Psychonaut and join PsycHack's member community: https://www.youtube.com/channel/UCSduXBjCHkLoo_y9ss2xzXw/join Sound mixing/editing by: valntinomusic.com Presented by Orion Taraban, Psy.D. PsycHacks provides viewers with a brief, thought-provoking video several days a week on a variety of psychological topics, inspired by his clinical practice. The intention is for the core idea contained within each video to inspire viewers to see something about themselves or their world in a slightly different light. The ultimate mission of the channel is to reduce the amount of unnecessary suffering in the world. #psychology #dating #relationship

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Gorazd Božič: Argumenti so jasni, Chat Control je slaba ideja

Odbita do bita

Play Episode Listen Later Oct 17, 2025 32:57

Danska, ki predseduje Svetu Evropske unije, je v zadnjih mesecih na skupno mizo prinesla zakon, ki bi veljal v državah članicah Evropske unije, poimenovan Chat Control. Gre za nadzor zasebnega klepeta, ki med uporabniki poteka prek različnih aplikacij (WhatsApp, Signal, Messenger …), tudi tistih, ki danes veljajo kot šifrirane, torej zaklenjene. Zagovorniki zakona pravijo, da bi z zakonsko podlago in stalnim vpogledom v vse vrste komunikacije med državljani Evropske unije lažje našli in ujeli kriminalce in teroriste, nasprotniki, med njimi tudi celotna strokovna javnost, pravi, da je zakon zelo slaba ideja brez pravih argumentov.Slovenija je proti zakonu in se pridružuje Avstriji, Slovaški, Češki, Poljski, Nemčiji, Nizozemski, Finski in Estoniji. Neodločene so Belgija, Italija, Romunija, Grčija in Latvija. Chat Control podpirajo Irska, Portugalska, Španija, Francija, Hrvaška, Madžarska, Bolgarija, Danska, Švedska in Litva. Glasovanje v Svetu Evropske unije je z oktobra prestavljeno na december.Na pomembnost varnosti in zasebnosti na spletu, ki je v Evropi pogosto zgled drugim državam in ga zato moramo ščititi, opozarja vodja SiCerta Gorazd Božič. V epizodi sodelujejo tudi ameriški tehnološki novinarji: Dan Moren (Six Colors), Jacob Kastrenakes (The Verge) in John Siracusa (ATP.fm). Zapiski: Odbit Discord Oglasite se lahko na odbita@rtvslo.si Poglavja: 00:00:57 Uvod v Chat control 00:02:12 Gorazd: zgodba se ponavlja 00:07:56 Odločitev Slovenije 00:08:26 Podporniki, nasprotniki in ponovno glasovnaje o Chat Control 00:12:33 Dan Moren: osnove šifriranja 00:18:47 Jake Kastrenakes: tudi tehnološki velikani so proti 00:23:47 John Siracusa: zakaj tak razkorak med politiko in stroko 00:28:00 Kaj pa če nič ne skrivam? 00:31:33 Kaj se bo zgodilo na naslednjem glasovanju?

whatsapp chat signal messenger mad verge nem atp kaj gre siracusa slova odlo danska evropi slovenija evropske hrva dan moren latvija chat control ideja john siracusa six colors uvod scaron italija avstriji zapiski francija litva slaba gorazd belgija poljski estoniji svetu evropske gorazd bo

EA Prep Week 2: Striking the Balance

Inside the GMAT

Play Episode Listen Later Oct 17, 2025 26:05

"When you approach EA prep the right way, you're not just studying for a test—you're training your brain for your business career." GMAC Zach continues his EA exam prep journey with expert coach Stacey Koprince from Manhattan Prep. Zach shares his early research into Executive MBA programs close to home in Washington, DC — from Georgetown McDonough to UVA Darden — and reflects on how to find the right academic fit without sacrificing career goals or personal passions. Together, Zach and Stacey discuss how to balance work, study, and life commitments, including how to have the "EMBA conversation" with your employer and what to expect from global residencies and weekend programs. Then, the conversation shifts back to EA prep. Zach opens up about surprising progress in Quant, growing concerns about Verbal, and how to balance study time across all three sections. Stacey offers practical advice on managing test anxiety, understanding "word problems" in GMAC terms, and making math feel less like memorization and more like real-world reasoning. Whether you're considering an Executive MBA or deep in your own EA prep, this episode offers a candid look at how to plan smartly, study effectively, and stay grounded in your goals! Follow along each week as Zach shares his progress, pitfalls, and small wins on the road to exam day and his dream career. About Stacey: Stacey Koprince is one of the most recognized names in test prep, with over 15 years of experience teaching the GMAT, GRE, and LSAT. As Manhattan Prep's Director of Content & Curriculum, she has written countless articles, guides, and video explanations that thousands of students rely on. A former management consultant, Stacey now spends her days helping future business leaders master tricky concepts and find confidence in their prep—something she's passionate about seeing "click" for every student. Helpful links: Register for the EA: https://www.mba.com/exams/executive-assessment/register Purchase EA Official Prep: https://www.mba.com/exams/executive-assessment/prepare GMAC Free EA Prep: https://www.mba.com/exams/executive-assessment/prepare/free-prep-resources Manhattan Prep EA Resources: https://www.kaptest.com/gmat/courses/executive-assessment-test-prep Chapters: 00:00 Introduction and Context Setting 02:00 Exploring EMBA Program Options 04:27 Navigating Employer Conversations 07:22 Researching Schools and Networking 09:36 Balancing Commitments and Passion Projects 11:41 Preparation Strategies for the Exam 14:12 Understanding the Verbal Section 17:02 Tackling Word Problems in Math 19:22 Building a Strong Math Foundation 21:40 Final Thoughts and Next Steps

How graduate schools are already using AI in the admissions process and what that means for you

GRE Snacks

Play Episode Listen Later Oct 15, 2025 24:16

How are graduate schools changing with the AI revolution? Jay Bryant, Associate Director of Business School Relations at ETS, speaks with MBA admissions officers regularly as part of his role. In this episode, Jay shares what he is seeing regarding graduate schools and AI, including how they are leveraging it in resume screening and essay review, and what that means for your application. Achievable's GRE prep course uses AI-powered adaptive learning to target your weak areas and boost your score - visit https://achievable.me/exams/gre/overview/#s=podcast to try it for free.

575: The American Dream Now Costs $5 Million

Play Episode Listen Later Oct 13, 2025 40:19

Keith discusses the rising cost of the American dream, now estimated at $5 million, due to inflation and housing prices. He highlights the affordable housing crisis, with more Americans living in RVs and homelessness up 18% since last year. The NAR's "Best Week" report highlights the benefits of buying during this time, including lower prices and more favorable terms. Resources: IMPORTANT: GRE mobile app listeners - Switch to listening to the podcast on the Apple Podcasts or Spotify app, as the dedicated GRE mobile app will be discontinued at the end of the month. Check out the free video course on real estate investing at getricheducation.com/course. Show Notes: GetRichEducation.com/575 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text 1-937-795-8989 to speak with a freedom coach Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold 0:01 welcome to GRE. I'm your host. Keith Weinhold, the American dream now costs $5 million learn just what that will mean for you. The beauty of 50 year mortgages, then after 11 years, I share the most depressing thing I've ever said on the show today on get rich education. Keith Weinhold 0:26 You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom family investments.com/gre or send a text now it's 1-937-795-8989, yep, text their freedom coach, directly. Again, 1-937-795-8989, Corey Coates 1:39 you're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 1:55 Welcome to GRE from Norwich, Connecticut to Norwich, North Dakota, and across 188 nations worldwide, you're listening to get rich education. I'm Keith Weinhold. You probably know me by now, but if you're new, I am an active member of the Forbes real estate Council. You can see my work in the USA Today. And of Paramount import, I am an active real estate investor. We're talking about America's top shaved mammal on a microphone here, but suffice it to say, this mammal has at least shaved just how can this slack jawed mammal persist in this environment? Well, I don't know, but I've been doing it here for more than 11 years now. More on that later. This is episode 575, and each episode's release is a bigger deal than releasing the Epstein files. Today is no exception, although today's show release will get fewer people in trouble than the release of the Epstein files. Speaking of people in trouble. It is the middle class. It's the average American and the average Canadian too, because it now costs $5 million to fuel the American dream. But yet, at the same time, hordes of people are now going the other direction, and they're getting poorer. The affordable housing crisis that we've talked about here seems to probably still have not reached its crescendo. Or perhaps, if you know music, it's the opposite a diminuendo. Things are getting to a low point. How bad is it? Getting well priced out of a permanent home. More and more Americans are living full time on RVs, not like nice, fancy RVs either. Beaters. 486,000 Americans are now estimated to live in RVs because they are out of options. And the more soul crushing part of this is that that number has more than doubled just since 2021 I've got two minutes of astonishing audio footage of this to share with you shortly about the RV living homelessness is up 18% Since last year, that figure is sourced by HUD. HUD has the best stat set on homelessness, and that's a problem that's increasingly visible in your own city, more likely than not. And you know, I have personally gotten into more than just surface level chats casually with food servers and baristas, just these quick chats with them. And you know what they divulge to me, that they're living in their car. Yeah, I'm not probing and asking about that sort of thing, but they just share that with me, yeah, food servers and baristas that I just met. They will often tell me that they're living in their car within five minutes of chatting with them, and when they do that, by the way, it also makes me wonder if they're trying to get me to feel bad for them, and they're freely telling me that just to get a tip from me. Well, today, mobile homes are even being coveted. I mean living in a trailer park that is affordable housing. We covered that on last week's show now the real estate company Redfin and Ipsos, they conducted a survey of more than 4000 US homeowners and renters, and they asked respondents about the struggle to afford housing. And it was astounding to learn that to string together a life where they have stable housing, how people are doing all these things, they're delaying having children, they're getting rid of their pets, and some are going through the discomfort of living with an ex spouse just to have affordable housing, as far as what is now almost half a million Americans living full time on RVs and growing since they can't afford a home. NBC covered this, and it is sad. Let's listen into just how squalid the living conditions are, quickly profiling two people as this reporter goes on their tiny RVs. I mean, as you listen to this, okay, keep reminding yourself, keep telling yourself this is America today. And as you'll see, this isn't even in a high cost part of the nation that we're about to profile here again, tell yourself this is America today. Well, this NBC field reporter gets shown the insides of two different RV units by two separate owners, each living by themselves, first a man and then a woman. This is about two minutes in length Speaker 1 6:53 for Gus Francis. This is home a 20 year old camper he bought for $5,000 parked in an RV lot in Graysville, Tennessee, just north of Chattanooga. I got all my rosaries for protection everywhere. Books, books, books. now retired, he worked for decades as a commercial diver and hoped to live closer to his widowed mother, but when he sought a more conventional home, I just can't see how people with their normal job making 15 bucks an hour can afford an apartment without multiple roommates. Meals are made in the microwave, the stove unused for fear of a gas leak. Right next door is Debbie Williams. She sold her house in Kentucky to be closer to her grandchildren, but housing prices near Chattanooga increased by almost 50% since 2020 apartments are like about 1200 a month, but then you got your utilities to pay. This is permanent, plus it include is like 550 a month includes electric water, saving over everything. It includes everything. Debbie works nights, helping adults with disabilities, and says she likes her setup, even if the exercise bike doesn't fit inside. Okay? I like my shower. It's really nice. And then my bedroom, Debbie and Gus now among the nearly half a million people in the US living in RVs full time. I sometimes thought, Man, if I could have saved more money in the past. But what it was is, I don't blame myself, either, because I raised four kids with no child support, despite the tight quarters, plenty of room to build a community that matters. Ellison Barber, NBC News, Graysville, Tennessee Keith Weinhold 8:46 gosh, cramped and modest conditions there again. Tell yourself this is America today, and see, here's the thing. From all outward signs, these two people profile. They're not substance abusers. They're not criminals that can't get a job. These are American workers that have been productive people throughout their lives. The first guy, Gus said he worked for decades as a commercial diver, and that part of Tennessee, it's not a place in the nation where the cost of living is exorbitant, either the crux of the problem here is not just the wave of inflation that started in 2021 the essence of it is the fact that inflation has outpaced wage growth. Will you ever get to having a $5 million net worth? Because that's what it takes to live the American dream today. Now, a while back, I told you how, if you amass $5 million really that's the number, that's the threshold where you could probably stop working and just invest such that you could live off it forever. But inflation. Changes that and it keeps upping that number. Well, since then, Investopedia recently came up with this $5 million price tag that's just for living the American dream in today's dollars. Let's look at what that really means, and then we'll add up the spending categories. This is really interesting. All right, the definition of the American dream. What that means is owning a home, raising two kids, retiring comfortably, and maybe throwing in an annual vacation or two. So a nice life, for sure, but nothing extravagant and okay, yes, there is this other angle of like, Money cannot buy the best things in life, and that's true. There's a lot to be said for that, but this is not a relationships in a dating show, okay? So that's why I'm covering the financial angle here, and later today, I'll tell you how much the typical American makes throughout their lifetime, which is much less than 5 million bucks. But to get to that exact $5 million total, which is the least that you now need in net worth, the estimated lifetime costs of eight milestones most often associated with a dream were added up by Investopedia. And now, of course, everyone's dream is different, and housing costs differ nationally. But, I mean, this is pretty reasonable. Here they are. This is how much it takes for each of them today. And I'm doing some rounding retirement, over $1.6 million that's what it takes now. Healthcare, 414k this is all spent over the course of your lifetime, a wedding 38k And I hope that is wedding singular, not weddings plural, owning a home, 957k raising two children and paying for college that costs. 876k and then owning a new car, that is another 900k Yeah, that sounds like a lot, but that will include costs of financing and insurance and depreciation on cars throughout your life, and then a yearly vacation is 180k throughout your life, and pets, 39k All Right. There it is. That is the $5 million total for the American dream. And again, that is only in today's dollars. Inflation will, of course, make all of these future costs run up. All right, housing is really the biggest part of the dream. I mean, second to retirement anyway, all right. Again, the lifetime cost of housing, like I said, is 957k just a year ago, it was 930k okay, well, the national median list price of a single family home is about 430k I guess that makes sense. Most people live in multiple homes throughout their lives. Well, the price per square foot is up 50% just since 2019 that is what is pricing people out. That is what is making people become your renter instead of a homeowner. Well, this $5 million required for the dream, that is why more people are homeless or more people are living in RVs. This means that the demand for the product that you're providing to the marketplace affordable housing, that demand is considerable, and that demand is durable, and the median lifetime earnings for one American with a bachelor's degree is only $2.8 million. All right, so that's just over half as much as it takes to live the dream. But here's what's appalling. Are you ready? Here we go. This could be the most depressing and concerning stat you've heard on this show, maybe one of the most depressing and concerning in your entire life when you really think this through. All right, now, what do you think of as sort of a model for someone that is stable? How about both married and a homeowner? I mean, yeah, they're two big markers, married and home ownership that is foundational stuff when your kids grow up to be adults, if they become married in a homeowner. I mean, come on, who would be disappointed with that? That would probably make you feel proud and fulfilled. I mean, the future of the nation that is children and stable household formation material, right there. Well, by age 30, how many people do you think are married in a homeowner today, and how has that changed over time? What do you think this is the percent of 30 year olds who are both married and homeowners in the US? Right back in 1950 it was 52%. today Okay, it is just a quarter of that. Only 13% of American 30 year olds are married homeowners today. Gosh, is that appalling? Or what? I mean, it doesn't exactly give you hope for the future, since Owning a home is a key pillar of the American dream, then the best thing that our local, state and federal lawmakers can do is to make it easier to build new housing. That is one of the most depressing stats I gave in 11 years of doing the show, probably the most depressing another thing we can do is not protest or block new development, no nimbyism. Keith Weinhold 15:45 Now, earlier this year, the White House announced that they are considering declaring a national housing emergency. In fact, you saw me put a link to that in the section of our newsletter that we call the five, though we haven't seen a national housing emergency declared yet. If we do it all, the motivation behind it is largely to make housing affordable. One piece that's been floated out there is the introduction of a 50 year mortgage so that way mortgage payments are spread out and made lower than they are with the most popular mortgage in America today, by far, the 30 year fixed rate mortgage. Now, I wouldn't say that a 50 year mortgage is eminent and is about to happen. We can't say that, but it could be creeping closer. I mean, a 40 year mortgage that is already more of a thing. You've got 40 year HUD loans and 40 year DSCR loans both already here for residential property. We do know that buyers buy property more so based on a payment than they do the overall price of the property. Now look, I'll tell you if I could somehow magically snap my fingers and convert all of my 30 year mortgage loans over to 50 year loans. Oh, I sure would. It would lower my payment and increase my cash flow. Yes, my debt would hang around longer and well, we're right back to, you guessed it, financially free beats debt free. Let's run that comparison on a 300k loan at 6% interest, a 30 year mortgage payment, that is 1800 bucks a month, but on a 50 year loan that would be just 1580 Yeah, $1,800 versus 1580 1580 Well, that is going to boost your cash flow by $220 a month on that property, just by going from a 30 year to a 50 Year at the same interest rate. So maybe not as much of a difference as you thought, but probably worth doing, at least in the mortgage world debt free. I mean that concept of debt free that makes most people, in exchange for that debt free condition, grind and toil and work overtime and lose family time and eat dirt for decades because inflation and all these other forces work against them. And yes, this is just with mortgage debt that I'm talking about here. Of course, some debt is bad, like unsecured, high interest rate credit cards or doing a buy now, pay later, plan on a pizza that you split into four payments. That's ridiculous. And those are the type of debts you've also got to pay yourself. That's not what we're talking about here. In fact, it gets even worse for the mortgage debt free person. That extra $220 you're paying by having a 30 year loan instead of a 50 year loan, that would mean you're accumulating more dollars in home, which are illiquid. And again, 50 year loans don't exist yet, but understanding this concept and this trade off helps you be a better investor. Look, a debt free person can still be broke in the short term if they have a meager income, and they can be broke in the long term if they are not leveraging assets and debt. Being debt free, that is like bragging that you quit the gym so that you'll never pull a muscle again. I mean, you're safe for now, but you're going to be weaker in the long run. Let's use a different example. Let's just run a different set of numbers. Let's say you've got a 400k mortgage at three and a half percent interest, though your monthly payment is 1796 on a 30 year fixed. Some people think, Oh, if I just throw an extra $1,000 a month at this, I'm going to be debt free years sooner. And the truth is, yes, you will save 90k in interest, and you are. Going to own the house outright earlier. But what's the opportunity cost if that same 1k a month went into investments earning even 7% annually, after 15 years, it grows to about 311k Keith Weinhold 20:16 Well, that is more than three times the interest savings, which again, was only 90k so for some paying off the mortgage early feels like some sort of emotional win, but it is rarely the best financial win. I mean, that is like benching LeBron to save money on Gatorade. I mean, that is a bunch of nonsense. So debt free is the floor. Financially Free is the ceiling. I mean, do you know about those popular call in shows where people are advised to lower their standards, diminish their quality of life, not go on vacations in order to get debt free? Oh, dear. I mean, those shows have got to be screening their callers closely to ensure that no one savvy actually gets on the air. Somebody, hey, how about you? Why don't you get on the air? Get on that show. Ask them some tough questions about getting mortgage debt free. You tell them yeah. Tell them that your ROI on all that equity is zero because home values change regardless of equity positions. Tell them that a home is never paid off because you'll still owe property tax and maintenance and repairs and utilities and maybe insurance and an HOA. Tell them you lost the gift of inflation eating your debt while you sleep. Tell them mortgage interest is often tax deductible. Tell them that their leverage is gone, and all these facts, every one of those I just stated, they're now figuratively not just talking. They're yelling. They're screaming now, because markets of all types are at all time highs. So instead, if you had used those funds to pay off a property, they would have really missed out on earning big returns for years elsewhere, a steep opportunity cost. Suffice it to say, I would love to see the widespread adoption of 50 year mortgages, and I would use them. The other thing that would happen is that it would make home prices rise further, because more people can afford the lower payments to bid up the price. So actually, here's something that I'm wondering about with you. Did you ever have a paid off property, and then realize all of this, and then go and get new financing on it again. Have you ever done that? If you have that would be really interesting. Let us know if you've had a property in a paid off position, realized the vulnerability and the opportunity cost of having all that illiquid equity, and then you went and put debt back on it. Let us know at get rich education.com/contact. That's get rich education.com/contact. Like Ridge lending group knows this when I have chili ridge here, like she and I discussed, you even get the cash chunk out tax free. And here's what else is interesting about this. Just say you know how out in the world of real estate agents, where people are buying and selling property, well, whenever a buyer's agent knows that that listed property is owned by a seller that still has a mortgage on it, well the assumption is that the seller, well, they might be a little more motivated to sell since they have to make mortgage payments on that property that they might not even be occupying anymore. Well, that is backwards. In most cases, you should be more motivated to want to sell a property if it's paid off because you've got all that dead equity in it that needs to be released through that sale. So really, a listing agent should be thinking, this seller has got to sell this property with urgency, if for no other reason, because he or she has lots of equity in that property. That's how to think about it. The world has it 100% backwards. That mindset is 180 degrees from the truth coming up next. Keith Weinhold 24:25 Did you know that this week? Yes, right here in mid October every year is historically the best week of the year to buy a home. Also, what's it like behind the scenes here on the microphone? I've got that and more straight ahead. I'm Keith Weinhold. You're listening to get rich education, Keith Weinhold 24:44 if you're scrolling for quality real estate and finance info today, yeah, it can be a mess. You hit paywalls, pop ups, push alerts, Cookie banners. It's like the internet is playing defense against you. Not so fun. That's why it matters to get clean. Mean free content that actually adds no hype value to your life. This is the golden age of quality email newsletters, and I write every word of ours myself. It's got a dash of humor, it's direct, and it gets to the point because even the word abbreviation is too long, my letter takes less than three minutes to read, and it leaves you feeling sharp and in the know about real estate investing, this is paradigm shifting material, and when you start the letter, you'll also get my one hour fast real estate video, course, completely free as well. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be simpler to get visit gre letter.com while it's fresh in your head, take a moment to do it now at gre letter.com Visit gre letter.com Keith Weinhold 25:55 the same place where I get my own mortgage loans is where you can get yours Ridge lending group NMLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Caeli Ridge personally, while it's on your mind, start at Ridge lending group.com. That's Ridge lending group.com. Hi. Russell Gray 26:29 This is Russell Gray, co host of the real estate guys radio show, and you're listening to get rich education with Keith Weinhold. Don't quit your Daydream. Keith Weinhold 26:36 welcome back to get rich Education. I'm your host. Keith Weinhold, there's a lot to look forward to in future months here on the show, new content from me, new prominent guests, the return of some favorite guests, a live event to tell you about and our annual home price forecast show, where I'll also reveal if last year's GRE home price prediction for this year came true or not. I have got to say I have nailed it to the exact percent a few years in a row now. But if you remember, before this year began, I forecast 5% national home price appreciation for this year. We will see how that turns out, but home prices are only up one or 2% year over year so far. Yes, not only do I make the forecast, I actually follow up with the previous years to check the accuracy. Don't you wish everyone did that? Well, it is October, and it's the month where you got to be ready to defend your love of candy corn and the same Americans complaining about inflation also bought a 40 foot skeleton for the front yard. Well, the best time to buy a home, historically, is this week this year. It happens to fall on October, 12 to 18th, as it turns out. Why would that be? It sounds kind of random, doesn't it? Well, the NAR recently reported on this, and this is what they give, a three word moniker, aptly named the best week. That's what they call it, the best week. Now, this applies more to primary residences into one to four unit investment property, but it's a little applicable to apartment buildings too, and this really helps you understand real estate buying, selling and consumer nature. Historically, this week offers the most favorable balance of market conditions for buyers. This is when inventory tends to be elevated. Prices typically dip below their seasonal peak. The buyer competition slows, and just the overall pace of the market becomes more manageable. Again, quote, unquote, the best week this seasonal shift every year, it's influenced by school schedules and even weather patterns. Housing activity typically ramps up in the spring. It peaks in the summer because a lot of families try to move while children are out of school and the desire to settle before the new academic year that's back when you've got the warmer weather and the longer daylight hours, and you got these curb appeal enhancements from Lush summer foliage that also makes spring and summer an ideal time for showings in inspections, that adds further momentum to the summer surge. These sort of things actually matter. But then the calendar shifts into fall, and demand naturally tapers off. Every year you got families with school age children that exit the market, and then the remaining inventory begins to linger longer, and prices respond by dipping below peak levels. And homes tend to stay on the market longer. This happens every year. That makes for conditions that benefit late season buyers. So listings tend to become more plentiful now each October inventory levels, they tend to peak in early fall, and that's why it's about the best time to buy. You have less competition from other buyers, home buyer shopping during again, what is called the best week, you should expect less competition. Properties tend to attract the most viewership per listing early in the spring, and that's when buyers trickle into the market before the inventory picks up. And then the summer ushers in both more homes and more shoppers, and that means that buyers face quite a bit of competition in the summer, so the best week that should offer more time for buyers to deliberate, and it can mean that sellers are more eager to compromise. And the numbers back that up historically that this is the peak week for price reductions. So what can you do if you're potentially in the market? You might want to hit up gre investmentcoach.com and have our coaches connect you with the right income property if that's the right move for you, and doing that is totally free. In fact, most listeners buy their first income property that way. In fact, if you had a good experience with a GRE investment coach, go ahead and tell a friend about it. Now, let's say that you had $1 back in the year 1995 so you've got a green dollar bill in your pocket 30 years ago. All right. Well, what would happen to your dollar if you saved it versus putting it in stocks versus putting it in real estate? What do you think would happen in each of those three scenarios? Let's do it. Let's compare well, because of inflation, your dollar would be worth less than 50 cents if you had saved it, yeah, it would have just 47 cents worth of purchasing power today. Instead, if you had put it in the s, p5, 100, your dollar would have seen some pretty significant growth. It would be worth $19 today. That's how stocks have performed over the past 30 years. But what about real estate? Well, there are so many ways to do it specifically. What if it were a rental property where real estate pays five ways, not just one or two like stock. What kind of return can you expect from real estate? Well, when you add up all five ways, just using historic norms like classic rates of appreciation and a four to one leverage ratio, you get 38% as a total rate of return in year one. And then that rate starts to fall because equity accumulates. And if you're not initiated on that, and it sounds like such a high flying number, you can see my free video course that teaches you this at get rich education.com/course, the most valuable free course you've ever taken in your life. At get rich education.com/course, let's just get conservative and say so many things go wrong with your property that we're going to round that 38% all the way down to 20% per year. Yes, if you're new here, those sound like ridiculous rates of return. Anyone that's listened here for a while instead has been enjoying those rates of return if you bought right? I mean, you have so much more time and money in your life now, but at 20% ROI, your $1 from 1995 would be worth $237 today. Wow, and again, if it were saved under a mattress, it would be worth less than 50 cents, and in the sp5 100, just 19 bucks. This is a simplified way to demonstrate that compound leverage beats compound interest. I mean real estate beats stocks by more than 12x right there and see that's the type of multiplier that you're probably going to need on your money. Since it already takes $5 million to live the American dream, you might very well need $25 million over the next few decades, while the 401 K was created around 1980 the Roth IRA created in 1998 and the GRE podcast was created on October 10, 2014, and I trust that it's had a more positive impact on your life than any of those other vehicles. Keith Weinhold 34:56 This means that I've released weekly episodes here for. 11 years, never missing a week at all, 52 weeks a year, and we've never replayed an old show either. I am here for you. Integrity means doing what you say you're going to do. Vedran, our sound engineer, has been here with GRE for 11 years as well. That is the team, the duo, that's been bringing you this show. And also, I didn't even tell my team here at GRE this yet, so I guess they'll learn now, the platform business rate just ranked us and awarded get rich education the best of the year, 2025 as a real estate school. Yes, we learned that this award is based on outstanding reviews from real customers, not nominations or votes, but the best of the year award comes from feedback through listeners just like you. Thank you for that, and thanks business rate this show and real estate investing, they are the main things that I do, and I expect to be here for you well into the future. Now, it's sort of funny here, kind of a paradox on the show I talk about income production that's largely passive, yet producing this show at a high level for 11 years here on this side of the microphone is not passive. It is highly active. I got a reminder of this recently when a doctor buddy of mine said he considers starting a podcast on the side. Let me tell you what I shared with him that is probably a terrible idea to launch an ongoing podcast where you'll constantly carve out the time to produce high quality week after week. That is not a side gig. 99% of those scenarios fail. You've got to deliver great new content yourself. You've got to have a network of guests to compliment you. You got to perform research and then cross check your research, because you've got to publish real, true information. You need a reliable editing solution. You need some organizational skills. You're going to need to hire some skilled and specialized assistance in the real estate world. You've actually got to get out into the field and visit cities in person to corroborate your research on the ground and go to in person conferences. I mean, there's a lot to do, but I did tell my doctor friend, you know, the good news is that there are alternatives to starting a show. There are a couple of them. In fact, first, you can do a 10 episode mini series on your area of expertise, host it on YouTube or Spotify and then send that link to clients. Another thing you can do is get yourself booked as a guest on someone else's show, and you'll pay a podcast booking agent to do that one strong guest episode that could do more than 100 of your own episodes ever could. So that's my guidance. In case you know any thought leaders that considered doing that, and what things look like from my view back behind the mic, it is not passive income, although my investing mostly is and another thing, if I've hosted a past guest on the show, and I get feedback from you or other listeners that they're not looking out for your best interest, or they don't want to do the property rehabs that they promised. Well, they are not coming back onto the show. Instead, we move on. I am here to do good and connect you only with providers that are doing good. Another show related announcement, and if you listen here each week through the get rich education mobile app. This is really important if you're listening to me right now on our dedicated mobile app, the hosting platform terminates at the end of this month, so you're going to have to listen in a different way. Go to either the apple podcasts app or the Spotify app and search get rich education to keep listening that way, you'll keep learning, stay motivated and never miss an episode of my incomprehensibly slack jawed vocals, profligate and unrepentant. Again, if you're listening to me right now on our dedicated GRE mobile app, the hosting platform terminates at the end of this month, you'll have to listen in a different way. Go to either the apple podcasts app or the Spotify app and search. Get rich education inside those apps in order to keep listening after this month, until next week, I'm your host. Keith Weinhold, don't quit your daydream Speaker 2 39:41 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich, education and. Will see exclusively. Keith Weinhold 40:09 The preceding program was brought to you by your home for wealth. Building, get richeducation.com.

MBA Wire Taps 451: Law firm leadership. Mitigating a 2.9 GPA. From Africa to Europe.

Play Episode Listen Later Oct 13, 2025 33:07

In this week's MBA Admissions podcast we began by discussing the current state of the MBA admissions season, with interview invites continuing to roll out. This week, Ohio State / Fisher, Notre Dame / Mendonza, Boston College / Carroll, Texas / McCombs, USC / Marshall, Indiana / Kelley, Arizona / Carey, UCI / Merage, Florida / Warrington, Rice / Jones and The Consortium all have their Round 1 deadlines. NYU / Stern has its Round 2 deadline. Duke / Fuqua, Oxford / Said and Notre Dame / Mendoza are all scheduled to release final decisions from early rounds. INSEAD and Imperial Business School are scheduled to release interview invites. Graham highlighted several upcoming events being hosted by Clear Admit this month, including a Real Humans series and a series focused on MBA programs in different regions of the United States. Signups for all these events are here, https://www.clearadmit.com/events Graham also highlighted our next livestream AMA, scheduled for Tuesday, October 28; here's the link to Clear Admit's YouTube channel: https://bit.ly/cayoutubelive. Graham noted a recently published admissions tip which focuses on which types of questions a candidate can ask their MBA admissions interviewer, at the end of the interview. Finally, Graham highlighted a Real Humans piece that focuses on Class of 2027 MBA students at ESADE in Barcelona. For this week, for the candidate profile review portion of the show, Alex selected three ApplyWire entries: This week's first MBA admissions candidate has applied in Round 1 with a GRE score of 315. They do plan to retake it and submit the new score to the schools to which they have already applied. This week's second MBA applicant is based in Canada and has a 2.9 GPA. This is due to their first two years of study, where they really struggled. They also have a 317 GRE score. We recommend they retake the test, one more time. The final MBA candidate is from Africa and is targeting European MBA programs. They need to refine their goal focus and perform well in either the GMAT or GRE. This episode was recorded in Paris, France and Cornwall, England. It was produced and engineered by the fabulous Dennis Crowley in Philadelphia, USA. Thanks to all of you who've been joining us and please remember to rate and review this show wherever you listen!

Episode 561: The spark (dating for feels)

Play Episode Listen Later Oct 13, 2025 9:43

Many young people are in search of the spark: a certain quickening of the blood that supposedly indicates that they've found “the one.” However, dating for feels generally only makes any sense if certain conditions are met. Assuming the spark is a kind of signal detection software for your unconscious love template, following this feeling only “works” if you had a good model to begin with. Otherwise, you may need to move in the opposite direction. Join my community: https://the-captains-quarters.mn.co Buy my book, "The Value of Others" Ebook: https://amzn.to/460uGrA Audiobook: https://amzn.to/3YfFwbx Paperback: https://amzn.to/3xQuIFK Book a paid consultation: https://oriontarabanpsyd.com/consultations Subscribe to my newsletter: https://oriontarabanpsyd.com Social Media TikTok: https://www.tiktok.com/@oriontaraban Facebook: https://facebook.com/profile.php?id=100090053889622 LinkedIn: https://www.linkedin.com/in/orion-taraban-070b45168/ Instagram: https://instagram.com/psyc.hacks Twitter: https://twitter.com/oriontaraban Website: https://oriontarabanpsyd.com Orion's Theme: https://www.youtube.com/watch?v=WrXBzQ2HDEQ Thinking of going to grad school? Check out STELLAR, my top-rated GRE self-study program based on the world's only empirically-validated test prep system. Use the code "PSYCH" for 10% off all membership plans: https://stellargre.com. Become a Stellar affiliate and earn a 10% commission for every membership purchased by a new student you conduct into the program: https://stellargre.tapfiliate.com. GRE Bites: https://www.youtube.com/@grebites4993 Become a Psychonaut and join PsycHack's member community: https://www.youtube.com/channel/UCSduXBjCHkLoo_y9ss2xzXw/join Sound mixing/editing by: valntinomusic.com Presented by Orion Taraban, Psy.D. PsycHacks provides viewers with a brief, thought-provoking video several days a week on a variety of psychological topics, inspired by his clinical practice. The intention is for the core idea contained within each video to inspire viewers to see something about themselves or their world in a slightly different light. The ultimate mission of the channel is to reduce the amount of unnecessary suffering in the world. #psychology #dating #relationship

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Episode 560: Dread (understanding evil)

Play Episode Listen Later Oct 10, 2025 10:24

The mission of this channel is to reduce unnecessary human suffering, and one way to do this is through a proper understanding of evil. One underappreciated source of evil is dread: the deeply unnerving uncertainty that attends awareness of our mortality. Attempts to both avoid dread and foreclose on it create a good deal of misery in the world. However, alternatives exist that can make life less hellacious. Join my community: https://the-captains-quarters.mn.co Buy my book, "The Value of Others" Ebook: https://amzn.to/460uGrA Audiobook: https://amzn.to/3YfFwbx Paperback: https://amzn.to/3xQuIFK Book a paid consultation: https://oriontarabanpsyd.com/consultations Subscribe to my newsletter: https://oriontarabanpsyd.com Social Media TikTok: https://www.tiktok.com/@oriontaraban Facebook: https://facebook.com/profile.php?id=100090053889622 LinkedIn: https://www.linkedin.com/in/orion-taraban-070b45168/ Instagram: https://instagram.com/psyc.hacks Twitter: https://twitter.com/oriontaraban Website: https://oriontarabanpsyd.com Orion's Theme: https://www.youtube.com/watch?v=WrXBzQ2HDEQ Thinking of going to grad school? Check out STELLAR, my top-rated GRE self-study program based on the world's only empirically-validated test prep system. Use the code "PSYCH" for 10% off all membership plans: https://stellargre.com. Become a Stellar affiliate and earn a 10% commission for every membership purchased by a new student you conduct into the program: https://stellargre.tapfiliate.com. GRE Bites: https://www.youtube.com/@grebites4993 Become a Psychonaut and join PsycHack's member community: https://www.youtube.com/channel/UCSduXBjCHkLoo_y9ss2xzXw/join Sound mixing/editing by: valntinomusic.com Presented by Orion Taraban, Psy.D. PsycHacks provides viewers with a brief, thought-provoking video several days a week on a variety of psychological topics, inspired by his clinical practice. The intention is for the core idea contained within each video to inspire viewers to see something about themselves or their world in a slightly different light. The ultimate mission of the channel is to reduce the amount of unnecessary suffering in the world. #psychology #peace #wellness

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EA Prep Week 1: The Practice Results Are In...!

Inside the GMAT

Play Episode Listen Later Oct 10, 2025 25:49

Can you get a good EA score after one week of prep? It turns out you can! In the first week of his Executive Assessment journey, GMAC Zach finally puts his skills to the test — literally. After taking both the EA Question Sampler and his very first full-length practice exam, he sits down with test-prep legend Stacey Koprince of Manhattan Prep to unpack every result. Together, they dig into what went right (and wrong) across Integrated Reasoning, Verbal, and Quant — including Zach's surprise 150 score and how close that is to being competitive for top programs. Stacey breaks down how to analyze mistakes, manage timing, and prioritize what to study next, while Zach learns that careless errors can be as valuable as correct answers. Follow along each week as Zach shares his progress, pitfalls, and small wins on the road to exam day and his dream career. About Stacey: Stacey Koprince is one of the most recognized names in test prep, with over 15 years of experience teaching the GMAT, GRE, and LSAT. As Manhattan Prep's Director of Content & Curriculum, she has written countless articles, guides, and video explanations that thousands of students rely on. A former management consultant, Stacey now spends her days helping future business leaders master tricky concepts and find confidence in their prep—something she's passionate about seeing "click" for every student. Helpful links: Register for the EA: https://www.mba.com/exams/executive-assessment/register Purchase EA Official Prep: https://www.mba.com/exams/executive-assessment/prepare GMAC Free EA Prep: https://www.mba.com/exams/executive-assessment/prepare/free-prep-resources Manhattan Prep EA Resources: https://www.kaptest.com/gmat/courses/executive-assessment-test-prep Chapters: 00:00 Introduction and Initial Impressions 00:54 EA Question Sampler Results 13:41 EA Practice Exam Results 23:34 Next Steps: Review Answers & Research Programs

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Državna revizijska komisija z zavrnitvijo zahtevka KPK prikimala nakupu Leonardovih helikopterjev

Dogodki in odmevi

Play Episode Listen Later Oct 8, 2025 30:53

Državna revizijska komisija je zavrnila zahtevek KPK-ja za revizijo nakupa Leonardovih helikopterjev in s tem prižgala zeleno luč nadaljnjemu postopku. Po navedbah komisje so presojali le domnevno sporno merilo o osvetlitvi ločenega prtljažnega prostora. - Von der Leyen: Kršitve zračnega prostora članic Unije v sklopu usklajene kampanje proti Evropi, ki mora okrepiti obrambo. Gre za hibridno vojskovanje Rusije. - V Egiptu tretji dan pogajanj o ameriškem mirovnem načrtu za Gazo. Hamas predal sezname talcev in palestinskih zapornikov, ki jih bodo izmenjali. - Nobelova nagrada za kemijo za razvoj kovinsko-organskih okvirjev. Z njimi lahko zajemamo ogljikov dioksid in pridobivamo vodo iz puščavskega peska.

hamas gre evropi kpk rusije komisija nobelova

574: Mobile Home Parks and Parking Lots: Do They Have a Real Estate Future?

Play Episode Listen Later Oct 6, 2025 41:29

Are You Missing Out on Real Estate's Best-Kept Secrets? Imagine investing in properties where: Tenants fix their own roofs You can boost income with a few tech upgrades Most investors are too scared to even look This episode reveals two underground real estate niches that could change your wealth strategy forever: Mobile Home Parks and Parking Lots Special Guest: Kevin Bupp, an investor with over $1 BILLION in real estate transactions under his belt shares how everyday investors are building wealth in places others overlook. Grab your FREE real estate investment white papers and unlock hidden wealth strategies at InvestwithSunrise.com Resources: Text FAMILY to 66866 Call 844-877-0888 Visit FreedomFamilyInvestments.com/GRE Show Notes: GetRichEducation.com/574 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold 0:00 Welcome to GRE. I'm your host. Keith Weinhold, talking about first mobile home park investing and then investing in parking lot assets. What makes them profitable? What gets investors excited about mobile home parks and parking lots? What are the risks and what's the future of both of these real estate asset classes? All with a terrific guest today on get rich education. Keith Weinhold 0:28 You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom family investments.com/gre or send a text now it's 1-937-795-8989, yep, text their freedom. Coach, directly. Again, 1-937-795-8989, Corey Coates 1:40 you're listening to the show that has created more financial freedom than nearly any show in the world.This is get rich education. Keith Weinhold 1:56 Welcome to GRE from Burlington, Vermont to Burlington, Washington and across 188 nations worldwide. I'm Keith Weinhold, and you are inside get rich education. We are all firmly in the fall season. Now, autumn, if you prefer. And as we often do, we're discussing residential real estate investing today, but it's two different and distinct niches within that, and I guess they both have to do with wheels, as it turns out, mobile home parks in the first part of the show and then parking assets later today. I think there's a compelling future use case for at least one of those two to speak to our international audience for a moment, but this will actually help clarify things for you. If you're a North American too, though it's called a mobile home, well, it doesn't really have that much to do with wheels. There might not be any wheels on it. And if a resident lives inside one of these for, say, a decade, well then it's probably going to remain attached to that same location on the ground all 10 years. That's why a mobile home is often referred to now as a manufactured home. What it is is it's a factory built residence, constructed on a permanent chassis and then transported to a site. I mean, that's what we're talking about here, and they are a less expensive alternative to traditional homes that have, say, a cast in place, concrete foundation. So therefore, understand, mobile homes are affordable housing, highly affordable housing, and that's really important in this housing affordability crisis. And I've talked quite a bit about that on the show, and the meager national supply of that all types of affordable housing, they are recession resilient. I mean, that's just one reason why we love affordable housing types here at GRE where we're often buying rental property just below an area's median price. You know, people think of mobile home parks MHPS, that they're all crime ridden and that there are slumlords. But that is not true in every case. There are actually nice ones. If you're an MHP investor, you often only own the land beneath the structure, and not the mobile home itself. The resident owns the mobile home itself. So therefore, if there's a leaky roof or a window needs replacement, or flooring needs replacement, that is on the resident to fix, not you. MHP dwellers, they often don't have to pay property tax, though, because, like I said, they don't own the land. The landlord, or the community, therefore, is the one that has to pay the property tax. So there's some thoughts on mobile home parks for you, parking asset, real estate that's still settling into its post pandemic pattern with Return to Office mandates that aren't really fully matured yet. We're still settling in and seeing how that is going to look. And then when it comes to parking lots, you got to wonder about its future. When you consider the proliferation of autonomous cars, will that make parking lots obsolete? I'll have our guest address that longtime GRE listeners, you might remember episode 13 of this show, yeah, almost 11 years ago, that episode was about how autonomous cars will affect your future and your real estate and the very need for parking lots and a lot of what I discussed there in early 2015 that is beginning to come true, but this autonomous car adoption that is way slower than a lot of people thought. I mean, most Americans, they still have not been inside an autonomous car at all. A lot of people are still saying that they don't trust that that should change soon. But as for now, I'm just guessing that fewer than one in 10 Americans have been inside an autonomous car, probably quite a bit less than that. Today's terrific guest has over $1 billion in real estate transactions under his belt. This should be interesting. He is a specific investor in both mobile home parks and parking assets. Keith Weinhold 6:26 Today's guest is a seasoned real estate investor entrepreneur, and he's a prominent voice in the space, because he hosts the real estate investing for cash flow show. He's built a strong reputation as an expert in two niches that have less competition than some other investments, and we'll discuss those two today. They are mobile home parks and also parking asset investments too often overlooked yet pretty profitable niches, and he and I have a lot in common. I'm on the Forbes real estate Council. He is on the Forbes Technology Council. He and I are both native Pennsylvanians. It's been quite a few years. Hey, welcome back to GRE it's Kevin Bupp. Kevin Bupp 7:06 Hey, Keith, thanks for having me back. And yeah, excited to be here, my friend, and excited to finally get caught up. When you referenced that, it was nearly eight years since we last spoke. I was taken back a little bit because A lot's happened in past eight years. Keith Weinhold 7:21 I know that's wild with where things are at. People didn't even know the meaning of the word pandemic when you were last here on the show, Kevin, let's talk about really the case for mobile home parks. I know they can be a strong, cash flowing asset once people are really dialed into them. I think what's interesting is, since you were last here on the show, really, from the pandemic on, it's been a well documented national story where lay people just know about how the supply of housing just is not adequate in order to meet demand, and what that usually means, just talking about the single family space is, of course, they're building, but they're not building fast enough to keep up with population growth and housing demand. But what's so compelling about mobile home parks is, I mean, they're barely even building them anymore, like they are contracting in supply in a lot of areas. So tell us more about the compelling case for mobile home parks. Kevin Bupp 8:16 Yeah, well, you had a big one. You know? It's an asset class that has a diminishing supply, right? We can get into the reasons behind that. But, you know, just from a high level perspective, one of the other factors as it relates to, you know, available homes, available housing for the growing population, is that while they are building stick boat homes, they're not fulfilling the needs of those that actually need affordable housing. So there's not a lot of the average working household can't necessarily afford the starter home any longer, and so mobile home parks are unique. I truly feel they're the best vehicle to help us fill this void of housing, affordable housing that is really needed throughout the entirety of the country. I mean, there's very few markets in this country that are still affordable. There's some places you can still go buy. You can probably go to Flint, Michigan, buy a home for 50 or $60,000 but generally speaking, I think the median home price today, I think it's crested over 400,000 I don't have the exact number, but I do believe over $400,000 and the average starter family, or even folks that are, you know, just working two jobs, making 40, $50,000 a year, they can't afford to purchase that type of home, a $400,000 home. And so again, these mobile homes you had mentioned, they're not building mobile home parks any longer. However, they're still building new mobile homes, and it's kind of interesting what's evolved over the past 10 years. The quality of the product is it's like a night and day difference of what it looked like 1015, years ago, of the homes themselves to what they look like today, and what you get for your money. You know, the average single wide that we might be putting into a community, brand new home, 13, 1400 square feet. Someone could come in and for roughly $80.70 $80 a foot, can buy a brand new home that's never been lived in before, that's unheard of, that's absolutely unheard of when you compare it to the average or the median home price across the US today. So it really is kind of the last frontier, and it's typically any market that we're in, if you take the same comparable quality of an apartment complex in the same, you know, area of town, the same school districts, we're typically about 20% less all in cost to actually own your own home, versus that of even renting the comparable size apartment. So it's a very compelling reason for folks that are looking for an affordable place, but not just affordable, but clean, safe and quiet. I mean, like we run very respectable communities, they're in the really good school districts. They're places that folks are proud to live and raise their families, then, Keith Weinhold 10:22 yeah, that's true. This would really help meet that affordability challenge, another problem that's been so well documented. Talk to us more about what makes mobile home park investing different from investing in single family rentals or even a fourplex or a 20 unit apartment building. Kevin Bupp 10:40 A lot of the fundamentals are similar, and I would say that it's probably more comparable to that of an apartment complex to a certain degree. Just think of it as a horizontal apartment complex, where units aren't stacked on top one another. They're just layout horizontally more wider than they are tall. But the bigger difference is in most instances, we don't actually own the homes, so the residents own the mobile homes, whereas we as community owners own the infrastructure, we own the land. We own the roads, when the sewer lines, the water lines, the common areas, if it has a clubhouse, if it has amenities, so we maintain and we own all that collective area where the folks basically come and they bring their home, they fix it to the ground, and then ultimately pay a slot rent to have their home there on that premise. And so for us, it's very attractive in that the resident that's in their home, if they have a Roofing Leak, they have a plumbing leak, they have their HVAC system go out. They're not calling us like they enter an apartment complex. It's on them, yeah. So they're homeowners. And a couple other really attractive elements of that that come as a result of having residents that live there, not just renters, is that they're very sticky. And so just like in a standard single family subdivision, where you've got folks that might have lived there for generations, you just reference that your parents literally live in the same house, and so they've lived there a very long time. It is quite common to find residents and even multi generations of the same family that live in our communities. And a couple come to mind. We just celebrated a woman's 50th year of living one of our communities in brendalin. And so you've got sticky resident base. There's not a lot of turnover. And then the last big piece of it that is really attractive us is a homeowner mentality is very different than a rental mentality as far as upkeep. And so you got folks that they plant flowers, they ensure that their units have curb appeal, right? They put flags out, they put decorations out during the holidays. It's a lot more warmth than that of what you might find in a traditional rental apartment complex. Keith Weinhold 12:26 So what all does the tenant pay for? You mentioned that they pay for the lot rent. What other expenses do they have? How does that look for them? Kevin Bupp 12:36 Typically, you know, utilities. So they'll have their own individual meter. They'll pay, you know, direct to the utility company, utility provider, water and sewer as well. They'll pay for their water and sewer usage. And that can come in many different forms. Sometimes, where our communities have public utilities, where it's built directly by the utility provider, sometimes it's more of a private system, where we're actually acting and participating as utility provider and building them back for their usage. Really the standard things that you might pay for if you live in a single family home. I think so the areas where it might differ. And honestly, this is really community by community for us, some of our communities, literally, the residents, they pay for the utility use, but outside of that, literally, we mow the grass, we shovel their driveway, we shovel their walkways, we handle all those type of elements, whereas some other communities, the residents we might require that they actually maintain their own grass so they their own grass, so they have to mow it, or hire a a third party vendor to come in and mow it. They might have to actually shovel their own driveway. And a lot of how we run a community really is depend on how it used to be run when we took it over. You know, if it's not broke, we don't fix it. And so a lot of times we don't like shaking things up too much. If they're used to a certain way, we just keep it status quo and continue rolling on of how the prior ownership used to manage it really similar elements of what a folks, an individual living in a single family home, might pay for so very similar. Keith Weinhold 13:48 Okay, so they pay you the rent for the lot. This puts nearly all the maintenance and repair burden on them. So is there any sort of HOA like body here? Kevin Bupp 13:58 Not in our community. You do find some communities, and most of these that have an HOA are typically a community that's gone through more of a co op type arrangement to where the actual individuals only like fractionalized share of the community, the residents that live there, and so then they have a the oversight from an HOA that's managing the daily operations, managing the financing, managing the budget, things like that. But in our communities, no, there is not an HOA, I'd say the one other thing that's typically included in lot rent is they don't have property taxes, right? So we own the land, and so the individuals that live in these units aren't paying individual property taxes. A lot of states require that they have a registration fee, just like you do in your vehicle, that they would have to pay on an annual basis. And then most of them have insurance as well. You know they're covering you're carrying homeowners insurance on the actual dwelling itself. Outside of that, it's, again, just pretty straightforward, Keith Weinhold 14:47 yeah. So here we are in this low competition, low supply niche that we're talking about here we think about communities and nimbyism and building, not in my backyard. ISM oftentimes that's a sentiment that residents of a certain area have, residents say something like, ah, we don't want this new 200 unit apartment building or mobile home park here in our single family home neighborhood, like, that's nimbyism. But in mobile home parks, to me, it seemed like nimbyism is often at a different level. It's at the government or the municipal level, like your town or city, might not want one, because it doesn't generate as much property tax revenue as a new single family neighborhood would. Is that the reality? Kevin, Kevin Bupp 15:31 that's absolutely the reality. And that's why you don't see new parks getting built. I think last year, ones that I know of, there are about a dozen that were built, many more than that. They're actually shut down, you know, for redevelopment purposes. And so that is absolutely huge part of it. In fact, you know, it's frustrating, because pretty much every municipality across the country the topic of affordable housing, it's on the radar, and it's probably one that is discussed quite often. And in all reality, again, these mobile home parks really would help resolve that challenge at most of these you know, municipalities are the shortage of homes, affordable homes, that they're facing across the country. And so, you know, another big piece of it, you mentioned the tax basis, absolutely, you know, the municipality would make, they'd have much better tax revenue from pretty much anything else that could be built there. And so that's a big barrier. But the nimbyism piece of it, I think a big part of that is it's unfortunate. I think it's getting better over time. There's bad operators in our space, just like they're bad operators in the apartment space, just like there's bad operators landlords that have single family homes that just let them deteriorate over time and don't repair things. Unfortunately, we kind of get lumped all the mobile home parks get lumped in that bad bucket. And so while there's, you know, I always joke and say there's mobile home parks that are on the wrong side of town, wrong side of the tracks, right? You don't want to go to and during the daytime. Well, guess what? There's subdivision, the single family home, neighborhoods that are the same thing, and there's apartments that are like that as well. You don't go anywhere near them. And you've got the middle of the road, right? You've got just the good, hard working, blue collar folks that want to send their kids to good public schools. We've got those communities apartments are that way too single family home subdivision, you got white collar stuff. You got some higher end stuff. Unfortunately, we kind of all get lumped in that bad bucket. That's where the assumption that's made by folks that don't understand mobile home communities have never driven through one. They just assume that it's all, you know, basically, drug, sex, rock and roll, the wrong element that we do not want in our neighborhood. We don't want anywhere near us. It's going to devalue our home prices. And for that reason, you just don't see them getting built. It's unfortunate, but it's the truth. Keith Weinhold 17:20 Yeah, I'm just thinking about the mobile home park that I drive past most often. It's sort of walled off. There's maybe an eight or 10 foot high wall around it. I don't know if that's something that the municipality erected to sort of screen its appearance off, or something that the mobile home park built, which is my guess as to who built it, but not all mobile home parks look blighted Kevin Bupp 17:43 absolutely, yeah. And I don't know the case that you just referenced there. I mean, it could be for sound deadening purposes, if it's off of a busy road. It could have been something put up as far as just to kind of shield off so folks that are driving past don't see the community. My guess would be that's probably not the the reason that was built. But in any event, these are, there's, you know, we've got a number of communities, Keith, that if you drove through, and I didn't, if I blindfolded you and you drove in, so you went past the entrance, you went past a sign that said manufactured home community, and I took you down a road, you wouldn't believe that you were actually in a mobile home park. Some of these homes, they're double wide homes, and they look like ranch homes, and so they're actually laid out perpendicular to this, or parallel to the street, and then they have two car site built garages that are attached to them via breezeway. So they look like your traditional ranch style home, but they're absolutely 100% mobile homes that could be moved if you wanted to move them, and for a fraction of the price of what a neighboring single family home might sell for. So there's all different qualities. They all come in different shapes and sizes. But to my point earlier, some of these communities, they're not even affordable. There's actually, there's down here in Florida, we've got what we call lifestyle communities. It's very common out in Arizona as well, where it's a lot of times a second home for snowbirds, you know, retirees that want to come down and want to live an active lifestyle. You know, they want to have two swimming pools. They want to have an activities director. They want to have, you know, shuffleboard and pickleball courts and tennis courts, and they want to live this lifestyle. And those units are anything but affordable. In fact, there's many. There's a community down the road for me that, you know, their lot rent is $1,200 a month, and so you factor that in with probably a house payment. And you know, you might be looking at 2000 to, you know, $2,300 a month, all in for the house and the lot rent. And so not necessarily in the affordable scheme of things, but they come in all shapes and sizes and again, unfortunately, we just get lumped into that bad bucket. It's unfortunate because I do think that we could really help start making a dent in this affordable housing crisis. I don't how it's going to happen any other way. I really don't, because we can't build affordable products at this point in time. It's not possible Keith Weinhold 19:37 a posh an exclusive mobile home park there that you're referencing in Florida. As paradoxical as that sounds, tell us, Kevin, how that really works, because I know you help investors get in to mobile home parks. Does this mean an investor owns a full Park? Or I wouldn't imagine you're just doing it at the level where you just own one lot and then have One dweller pay you the lot rent. So tell us about how it works from the investor angle. Kevin Bupp 20:05 We have fund structures that we typically roll out through sunrise capital investors and any one individual fund will own somewhere between nine to 13 somewhere, typically in that range, mobile home communities. These communities can range in size from maybe as small as 80 or 90 lots to the largest community we own at present time is 780 lots. And so it's quite large. I mean, the size of a small town. But essentially, investors come in and they own a based on their investment. They own a proportionate share of the various properties that are owned underneath that fund umbrella. And so one, an individual, might come with 100,000 and own a smaller proportion share than someone that comes in with a million dollars. But they are owners. They're absolute owners. They participate in the cash flow, they participate in the the upside, and they participate in the proceeds. When we have capital events, either cash out refinances or potential sale events. Keith Weinhold 20:56 Tell us more about why it's so profitable. Why do mobile home park investors get excited, Kevin Bupp 21:01 as with anything, Keith, you know, you got to buy it, right? And, you know, we look at a lot of deals, and a lot of deals don't pencil like, if we bought it for what they're asking, we would make money. We might lose money. And so the money's made on the buy, just like with any other type of real estate investment. But I think the one factor that really has allowed mobile home parks to be an attractive investment vehicle over the past, really, the last decade, it's grown the attention of lots of different private equity groups, institutional investors, that 15 years ago, they weren't in the space, and the biggest reason is a lot of these. It's a very fragmented niche, and so there was no consolidation that existed 10 years ago. There was really only two public traded companies outside that. It was mom and pops, mom and pops, that typically owned one, maybe sometimes two or three communities, but it was just a very fragmented niche. And what you find those fragmented niches that there's a lot of inefficiencies that exist in the operations. There's a lot of inefficiencies that exist with regards to utility management or managerial oversight within the community, or even keeping up with market rents. And so very often, we'll get into a community we just bought one at the end of last year, and right outside of Ann Arbor, you know, great sub market in Michigan. It's it literally has never traded hands. It was built back in the 80s by the gentleman we purchased it from. He was a subdivision developer, but he got into the manufactured housing space, so he built this, what looked like a subdivision, but it was mobile homes and and he basically owned it up until we acquired it last year, but gorgeous community, well maintained, needed some upgrades, different amenities that just were a little worn out and tired. But the biggest element within that community was that the market rents in the local area were roughly $800 a month. $800 a month for lot rent, and when we purchased it from him, the average lot rent throughout the community was $477 so there was a significant loss lease that exists. And we see this quite often with just over time they've owned it, free and clear, they go 567, years out, doing rent increases, and sooner or later, they find themselves in a situation where they are severely below the local market rents. And so there's typically a lot of loss, at least recapture, that we find going into these communities. Sometimes we'll also go in and we'll find there's a lot of waste with the water and sewer cost. It might not be billed back for usage to the residents, to where if you're not paying for something, sometimes you're abusing it. And a lot of times we can go in and put individual meters in and almost send entirely that savings down to the bottom line and find it as additional noi on our PNL. And so it's just inefficiency of operations, and again, quite common, given the mom and pop nature of this asset class. But it's very quickly becoming consolidated. Now it looks very different today than what it looked like as far as the ownership groups. When I go to an industry event 10 years ago, those other guys like us, and then a lot of mom and pops. Now it's, you know, the likes of reps from Blackstone and Carlisle group and and got lots of other institutional groups that are showing up there. So just it's very different world, and probably more akin to that of what the apartment sector looks like, as far as ownership groups and the consolidation that's happening. Keith Weinhold 23:52 You're feeling more of that competition. Kevin and I are going to come back and talk about another, I suppose, real estate investment that has something to do with wheels, and that is investing in parking lots. I'm your host, Keith Weinhold Keith Weinhold 24:07 if you're scrolling for quality real estate and finance info today, yeah, it can be a mess. You hit paywalls, pop ups, push alerts, Cookie banners. It's like the internet is playing defense against you. Not so fun. That's why it matters to get clean, free content that actually adds no hype value to your life. This is the golden age of quality email newsletters, and I write every word of ours myself. It's got a dash of humor. It's direct, and it gets to the point because even the word abbreviation is too long. My letter takes less than three minutes to read, and it leaves you feeling sharp and in the know about real estate investing, this is paradigm shifting material, and when you start the letter, you'll also get my one hour fast real estate video course, completely free as well. Now it's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be simpler to get visit gre letter.com while it's fresh in your head, take a moment to do it now at gre letter.com Visit gre letter.com Keith Weinhold 25:19 the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage, start your pre qual and even chat with President chailey Ridge personally. While it's on your mind, start at Ridge lending group.com that's Ridge lending group.com. Ted Sutton 25:51 Hey, it's corporate directs Ted Sutton. Listen to get rich education with Keith Weinhold, and don't quit your Daydream. Keith Weinhold 25:59 welcome back to get rich education. We're talking about two real estate investment niches with Kevin bump today, an expert in both mobile home park investing and in parking lot assets. And Kevin, I got to tell you, I am more skeptical about parking lot investing than I am about mobile home park investing, but you can probably help me with this. I think we know that. I mean, gosh, just historically, ever since Henry Ford did his thing. I mean, mass transit adoption is really slow in most US cities. But anymore, one needs to wonder, okay, can autonomous cars disrupt the parking model? A Robo taxi can just constantly stay on the road, dropping off and picking up passengers where, you know, some people foresee a day in the not too distant future that people won't even need to own cars. They'll sort of have a subscription to a car service, but now this is where your expertise is. So I'm sure you thought above and beyond that. So what are your thoughts there, just for the need for parking spaces? Kevin Bupp 27:11 You make a valid point. I think the adoption of that, it's, I think it will be very different from market to market, say, the city, whereas, if you want to maybe look at one area. We have a parking garage today in downtown Phoenix, Arizona. Phoenix is very much a driving city. It's parsed out very far the public transit. It's not great there. And again, it's just it's a wider state, whereas, if you compare it to like a San Francisco, the adoption of Robo vehicles and robotaxis and things like that autonomous vehicles is much, much faster than that of a of a phoenix. But also San Francisco is much a much more consolidated marketplace as far as the urban core. And so for that reason, you know, we look at parking, it's got a there's a couple things also that feed into that. So I want to back up a little bit. One of the major changes that has been really playing out over the past 15 years within the parking sector is that building departments within now, I think it's over 100 cities across the country. Denver just announced last week that they're also adopting this policy. And that policy is that historically, if you were Keith, you're going to go on, hey, I want to build this in downtown. I want to go build this apartment complex, condo complex, mixed use property, whatever it might be. Historically, they would have required you, whether you wanted to or not. They would have made you put in a certain amount of parking per 1000 square feet, every municipality would have a formula. And what, what a lot of these cities realized a couple decades ago is that, based on their, you know, antiquated formulas, they had a surplus of parking available on a lot of these downtown areas. You know, it wasn't being used. And given the developer an opportunity and the choice to say, Hey, do I want to build 20 more parking spaces that aren't going to get used? Or I want to build want to build 10 more apartment units, they're going to choose the apartment units. And so the parking mem requirements have been taken away, have been eliminated in a lot of cities over the last decade plus. And so that's created a shrinking supply of parking because now when developers build something, they're building only as much as they need, sometimes not even as much as much as they really need, because then they can still rely upon other ancillary parking structures within the immediate marketplace. And so, so there's a shrinking supply of parking. And every city that we own in today there's a massive shrinking supply of parking. So that's big piece of it that we know that inevitably, if we get the location right, an area where literally, you wouldn't be able to afford, based on the cost of construction and the cost of lands, they wouldn't be able to afford even building new parking structure, if you so chose to. And now that there's also a shrinking supply, diminishing supply, of this parking that we can be comfortable in our demand for our product, and so to the point of like autonomous vehicles and things of that nature, I do think there will be a time. I don't know how long that time is. I do think that there will be a time where we'll see some sort of impact. I don't know what that is. And so how we underwrite deals is we feel very confident over the next 10 years. We have to have a absolute confidence level over the next 10 years that there's going to be continual demand based on the various factors within this marketplace, the demand drivers that are servicing that garage, like, who's parking there, why they're parking there. But second to that, when we. Buy something. We need to have the air rights. We know that there inevitably will be a higher and better use. So Location, location, location, it's got to make sense today as parking. We got the underwriting has to stand on its own as parking, and we have to have a comfort level that 10 years, there will be sufficient demand throughout the duration of the next decade, in the event things start changing down the road, we know that, literally, the lowest use that it could ever have is its present use, which is parking because it's just a concrete structure, sometimes just an asphalt parking lot, to where, once you go vertical, that's where you're going to be able to unlock a lot of additional potential. And so we don't underwrite the future. We look at that as icing on the cake. But we know, based on the the location, the proximity to, you know what else is happening in that marketplace, that location will be in demand, not just today, but many decades to come. So I'll stop there and see if you have any clarifying questions. Keith Weinhold 30:51 I think about how for the parking lot investor, Jamie Dimon has been really good for you. He is so hard on the return to Office. Mandate? Kevin Bupp 31:01 Yeah, I'd say one thing that's important to make note is, I don't know what the future holds for office I tend to make the argument that wherever picking office building in a marketplace, wherever they're at with occupancy today, I think it's probably as good as it's going to get. We don't have to go down that rabbit hole. But I just I feel like it's been long enough since covid. And don't get wrong, there's gonna be a few companies that are going to be pressed that are going to be pressing, you know, in a big way, to get people back, but I think 80% of them that we're going to go back are already there. And so any parking asset that we look at, if it's got more than 10 or 15% as far as relationship with an office building or multiple office buildings in immediate vicinity, then we typically pass on it. And on top of that, it's got to have a variety of demand drivers. So it just can't be supportive of one or two different demand drivers. We have have at least five. And so it can be a courthouse, municipal buildings, sports arenas. It's got to be a 24/7 city where there's something happening, 24 hours a day, seven days a week, hotel, valet, restaurants, retail, things like that. And office has to be a very minimal part of that makeup, or else we just move on, because I don't know how to fix it. How to fix that problem yet. I don't know what's going to you know what the future holds for your traditional office towers, especially the ones that are, you know, 50, 60% vacant at the present time? Yeah, that's interesting, because when you look at a parking lot and you're evaluating its potential and its current use, yeah, you're basically thinking about, what is that tenant mix. You don't want 100% of it to be for one office building. You would probably want a number of uses. That's correct. Yeah, absolutely. Again, like I said, Five is our minimum. I mean, the more the merrier. And I'd say another big piece of it, if we had to look at the different demand drivers and put a value or a hierarchy of what we feel, what are the highest priority demand drivers, transient is the best. I want to know that the folks that are coming there, there's enough attractions in immediate vicinity, and we need to know what those attractions are, and better understand those attractions. But there's a variety of attractions in the immediate vicinity to where it's going to continually attract transient parking. So it's not just it's not a reliance upon one thing. And so, for example, we just closed on a garage in historic Philadelphia, and so it's a block away from Liberty Bell, two blocks from Independence Hall, any of other museums. I mean, like it's it is we talk about location, location, location. It's there that part of Philadelphia has been in demand by tourism for hundreds of years, and I don't foresee that that changing anytime soon. And so 70% of the makeup of the traffic in that garage is made up of transient traffic, so folks that are visiting the various attractions and immediate vicinity. So even if one of those attractions went away, which most of them are historical, they're not going to go away. If one or two did, it still wouldn't have that significant of an impact on the parking demand. Keith Weinhold 33:36 That's interesting. Okay, a transient customer, not one that's showing up and parking there every day to go to work. And yes, the Liberty Bell, Independence Hall, there's going to be a long term demand to see those sorts of things in person. So that's an interesting way to think about that. And Kevin, while we've been talking about parking, at least in my mind's eye, a lot of times, I've just been thinking about one paved at grade parking area, but we're talking about parking garages as well. Or what are some of the trade offs there between parking garages and an at grade parking lot? Kevin Bupp 34:08 Yeah, I mean, at grade parking lot is, can't get any simpler than that. I mean, typically they're asphalt or sometimes just crushed gravel, but that's it. So as far as future capex requirements, there's not many, right? It's very, very minimal. Whereas a parking garage, especially if it's in a colder environment, where there's snow and you've got salt on the road, salt that's making its way up the concrete, seeping into the cracks, you've got structural rebar issues to worry about, things of that nature. So weather can take a major toll on parking structures if they're not maintained well. Whereas you know the worst that could happen the same weather, you know, the weather takes the same toll on these asphalt parking lots, but it really only equates to maybe a pothole that you have to fill in, and a parking structure could be deteriorated to the point of no return if it's been neglected long enough to where it might be unsafe, structurally where you know now you're you're getting condemned or shut down. So big considerations there, it's interesting. We Own, the one we own in Phoenix, the Phoenix, it's a desert. It's a desert climate. They get very little moisture. And that was that parking garage was built in the 60s, so very long time ago. It's the oldest thing we have in our portfolio, but it better condition has been preserved better than that of of a recent garage we purchased that was built in 1990 that's all the environment that's in. You know, there's really not much that can deteriorate concrete once in the desert. Keith Weinhold 35:22 Was there any last thing on parking lot investing like something that gets an investor really interested in this asset class? What's really compelling and profitable about it? Kevin Bupp 35:33 It's very technology driven business, and what we have found is a lot of these parking assets, of either they're owned by, you know, an individual investor, or if they happen to be owned by an institution, they've never been viewed as the primary investment vehicle. A lot of institutions that own parking garages, they happen to own them by default, because maybe they bought the two office towers years back, and it just happened to come with parking right? And so a lot of times, they've been somewhat neglected, like the PnL has been neglected. They haven't found ways to really extract all the value out of these parking facilities. And so very commonly, we'll go in and we'll find that the technology that's in place is 10 years old. And think about what a computer 10 years ago look like, right? Like it's you're not catching all the license plates. You're not able to log in and adjust pricing in a dynamic manner based on supply, demand factors. And so we can simply go in and just create a more efficient pricing model and find sometimes, you know, 10 15% of additional revenue just from doing those simple things, like literally a few $100,000 worth of upgrades and technology, we can add millions of dollars of value. There's other factors, you know, just simple things folks want to park in a not just clean and safe, but well lit. You know, they want to feel safe in lighting. And we'll find parking facilities that still have old halogen lights. Half of them are burnt out. If you start serving people, they're actually not parking there in the evenings. They're finding somewhere else to go because they don't feel safe. And so just going in and doing a revamp, you know, an upfit with LED lights, making it nice and bright, bright and clean and letting everyone feel safe, we'll find a instant increase in demand and Parkers in the later evening hours. So I mean just little simple operational tweaks that we can make that just have simply been overlooked for many, many years by the prior ownership groups. Keith Weinhold 37:15 That's really interesting, that oftentimes the owner of a parking lot owns that parking lot as an afterthought, because they were in it to purchase the building that accompanies the parking lot. So it would make sense that when you focus on that parking lot, you could really add value and profitability to that lot. Well, Kevin, these have been interesting chats between mobile home park investing and parking lot assets. I think that the commonality here is that you the investor, are just owning a lot, and therefore the maintenance and hassles with these things are really low. This gives our audience an awful lot to think about. So Kevin, are there any last thoughts that you have about this space overall, and then please let us know how our audience can learn more. Kevin Bupp 38:02 No additional thoughts. I don't believe I'd say that if you have an interest, if we've piqued your interest at all, we've written a number of white papers on both asset classes, both parking as well as mobile home parks. You can download all that for free on our website. Invest with sunrise.com We've got a number of other case studies on our website. We're pretty transparent. Well, what we buy, what we've owned, what we've exited out of. We'll go as far as providing appraisal reports and third parties and things like that on our website. So if you just want to get a sense of not just who we are, what we do, but just have a better understanding of the investment thesis behind parking and manufactured housing, there's tons of resources that you can download from the website. Keith Weinhold 38:37 Well, that's a great way to learn more about Kevin, what he does, and then maybe even invest alongside him. Well, Kevin, it's been valuable and eye opening. It's been great to have you back on the show. Kevin Bupp 38:46 Yeah, thanks for having me, Keith. Been a lot of fun, my friend. Good seeing you again. Keith Weinhold 38:57 Yeah? Good stuff from Kevin there. The MHP space becoming more consolidated and corporatized too. You know, single family rentals are different from mobile home parks in that way. I mean, 90% of single family rentals are owned by small mom and pops, which means those people that own between just one and five properties, Kevin used the term loss to lease a few times. That phrase loss to lease being a real estate education show what that term means is really a lot like how it sounds. It is the potential income that a property owner misses out on because the actual rent collected is less than the current market rent. That's what loss to lease means. Though, I like the long term future of mobile home parks more than parking deals. You know, Kevin did, though, have some great answers for why he still likes parking. He focuses on a 10 year horizon. He. Looks for at least five use types for the parking. And then another great point is that in a lot of cases, the land that the parking occupies is its lowest use. So therefore, when they sell the parking area, they can get some nice exit income. That makes a lot of sense. And being two native Pennsylvanians like we are, I am familiar with that part of Philly that he's talking about. In fact, what's funny is that, in producing this show today, I guess cookies are doing their thing. This parking lot deal in Philly just appeared in my Instagram feed next week on the show, it'll be back to no guest. It's going to be all me, and you're going to hear some things that you wouldn't expect to hear Until then, I'm your host, Keith Weinhold, don't quit your Daydream. Dolf Deroos 40:51 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively. Unknown Speaker 41:19 The preceding program was brought to you by your home for wealth, building get richeducation.com

Episode 559: She can cry (how to deal with an emotional woman)

Play Episode Listen Later Oct 6, 2025 12:04

The sight of a crying woman can be a source of great distress for a man, which can motivate him to do all kinds of things he wouldn't ordinarily do in order to “make her feel better.” However, in most cases, there is typically nothing to be done. She can cry, and she is entitled to her feelings. This is dealing with an emotional woman. Join my community: https://the-captains-quarters.mn.co Buy my book, "The Value of Others" Ebook: https://amzn.to/460uGrA Audiobook: https://amzn.to/3YfFwbx Paperback: https://amzn.to/3xQuIFK Book a paid consultation: https://oriontarabanpsyd.com/consultations Subscribe to my newsletter: https://oriontarabanpsyd.com Social Media TikTok: https://www.tiktok.com/@oriontaraban Facebook: https://facebook.com/profile.php?id=100090053889622 LinkedIn: https://www.linkedin.com/in/orion-taraban-070b45168/ Instagram: https://instagram.com/psyc.hacks Twitter: https://twitter.com/oriontaraban Website: https://oriontarabanpsyd.com Orion's Theme: https://www.youtube.com/watch?v=WrXBzQ2HDEQ Thinking of going to grad school? Check out STELLAR, my top-rated GRE self-study program based on the world's only empirically-validated test prep system. Use the code "PSYCH" for 10% off all membership plans: https://stellargre.com. Become a Stellar affiliate and earn a 10% commission for every membership purchased by a new student you conduct into the program: https://stellargre.tapfiliate.com. GRE Bites: https://www.youtube.com/@grebites4993 Become a Psychonaut and join PsycHack's member community: https://www.youtube.com/channel/UCSduXBjCHkLoo_y9ss2xzXw/join Sound mixing/editing by: valntinomusic.com Presented by Orion Taraban, Psy.D. PsycHacks provides viewers with a brief, thought-provoking video several days a week on a variety of psychological topics, inspired by his clinical practice. The intention is for the core idea contained within each video to inspire viewers to see something about themselves or their world in a slightly different light. The ultimate mission of the channel is to reduce the amount of unnecessary suffering in the world. #psychology #women #relationship

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Episode 558: You are a parking space (how to suffer less)

ai common mistakes achievable quantitative gre matt roy

Play Episode Listen Later Oct 3, 2025 11:17

A great deal of the unnecessary suffering on this planet arises from inappropriate identification, which leads to narcissistic injury. A way to prevent this from occurring is to consider the idea that you are a parking space. Rather than identifying with anything that resides there, you can see yourself as the container which holds what you temporarily have. This is how to suffer less. Join my community: https://the-captains-quarters.mn.co Buy my book, "The Value of Others" Ebook: https://amzn.to/460uGrA Audiobook: https://amzn.to/3YfFwbx Paperback: https://amzn.to/3xQuIFK Book a paid consultation: https://oriontarabanpsyd.com/consultations Subscribe to my newsletter: https://oriontarabanpsyd.com Social Media TikTok: https://www.tiktok.com/@oriontaraban Facebook: https://facebook.com/profile.php?id=100090053889622 LinkedIn: https://www.linkedin.com/in/orion-taraban-070b45168/ Instagram: https://instagram.com/psyc.hacks Twitter: https://twitter.com/oriontaraban Website: https://oriontarabanpsyd.com Orion's Theme: https://www.youtube.com/watch?v=WrXBzQ2HDEQ Thinking of going to grad school? Check out STELLAR, my top-rated GRE self-study program based on the world's only empirically-validated test prep system. Use the code "PSYCH" for 10% off all membership plans: https://stellargre.com. Become a Stellar affiliate and earn a 10% commission for every membership purchased by a new student you conduct into the program: https://stellargre.tapfiliate.com. GRE Bites: https://www.youtube.com/@grebites4993 Become a Psychonaut and join PsycHack's member community: https://www.youtube.com/channel/UCSduXBjCHkLoo_y9ss2xzXw/join Sound mixing/editing by: valntinomusic.com Presented by Orion Taraban, Psy.D. PsycHacks provides viewers with a brief, thought-provoking video several days a week on a variety of psychological topics, inspired by his clinical practice. The intention is for the core idea contained within each video to inspire viewers to see something about themselves or their world in a slightly different light. The ultimate mission of the channel is to reduce the amount of unnecessary suffering in the world. #psychology #wisdom #selfimprovement

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Vladna koalicija še brez komentarja o sodni preiskavi proti premierju Golobu glede vmešavanja v policijo. Njegov odvetnik prepričan, da bo sodnik ustavil postopek.

Jutranja kronika

Play Episode Listen Later Oct 3, 2025 22:41

Specializirano državno tožilstvo je včeraj vložilo zahtevo za sodno preiskavo proti predsedniku vlade Robertu Golobu zaradi domnevnega nedopustnega vmešavanja v delo policije, kar premierju očita nekdanja notranja ministrica Tatjana Bobnar. Gre za novo poglavje zgodbe, ki traja že skoraj tri leta. Tatjana Bobnar je tožilstvo in komisijo za preprečevanje korupcije o domnevnih pritiskih obvestila, ko je bila še ministrica, policija je premierja kazensko ovadila pred nekaj manj kot letom; dva postopka proti njemu vodi tudi KPK, in to zaradi domnevnega vmešavanja v delo policije in afere Karigador. V oddaji tudi o tem: - Vladimir Putin: Nato je v vojni z Rusijo, Moskva pa namesto napadov na Evropo išče vrnitev k diplomaciji. - Izraelsko ravnanje proti človekoljubni flotilji pred Gazo sprožilo množične proteste po vsem svetu. V Italiji splošna stavka. - Celjski nogometaši konferenčno ligo začeli z zmago proti atenskemu AEK

moskva gre proti glede brez njegov kpk aek evropo prepri rusijo koalicija celjski sodni postopek robertu golobu

Why GMAC Zach is Taking the EA Exam

Inside the GMAT

Play Episode Listen Later Oct 3, 2025 24:03

Now for something completely different! GMAC Zach is putting himself in the hot seat. In this kickoff episode, he sits down with Stacey Koprince from Manhattan Prep to talk about his own career goals, and whether a full-time, part-time, or executive MBA could be the right next step. Zach opens up about the leadership skills he wants to strengthen beyond his graduate marketing degree, while Stacey shares expert advice on choosing between programs, the ROI of grad school, and how to balance education with a full-time career. They also dive into what makes the Executive Assessment (EA) unique, how Zach will prepare, and the study strategies he'll put to the test. If you are at your own career crossroads, this is a journey you do not want to miss! Follow along each week as Zach shares his progress, pitfalls, and small wins on the road to exam day and his dream career. About Stacey: Stacey Koprince is one of the most recognized names in test prep, with over 15 years of experience teaching the GMAT, GRE, and LSAT. As Manhattan Prep's Director of Content & Curriculum, she has written countless articles, guides, and video explanations that thousands of students rely on. A former management consultant, Stacey now spends her days helping future business leaders master tricky concepts and find confidence in their prep—something she's passionate about seeing "click" for every student. Helpful links: Register for the EA: https://www.mba.com/exams/executive-assessment/register Purchase EA Official Prep: https://www.mba.com/exams/executive-assessment/prepare GMAC Free EA Prep: https://www.mba.com/exams/executive-assessment/prepare/free-prep-resources Manhattan Prep EA Resources: https://www.kaptest.com/gmat/courses/executive-assessment-test-prep Chapters: 00:00 Navigating Career Crossroads 02:29 Exploring Graduate Education Options 05:10 Understanding MBA vs Executive MBA 07:34 Balancing Work and Education 09:59 Researching Schools and Programs 12:49 Preparing for Admission Tests 14:09 Assessing Readiness for Graduate Studies 16:21 Study Strategies and Resources 19:00 Leveraging Insider Knowledge 20:59 Final Thoughts and Next Steps

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The 4 most common mistakes on the GRE Quantitative section

GRE Snacks

Play Episode Listen Later Oct 2, 2025 15:05

What are the mistakes that an experienced GRE tutor sees people making over and over again? Matt Roy is a longtime dedicated GRE tutor with thousands of hours of tutoring experience, and the author of Achievable's GRE course. In this episode, Matt walks you through the 4 most common mistakes on the GRE Quant and how to avoid them. Achievable's GRE prep course uses AI-powered adaptive learning to target your weak areas and boost your score - visit https://achievable.me/exams/gre/overview/?utm_source=podcast to try it for free.

Episode #299: Reimagining Tutoring as a Student Success and Career Development Tool

The Higher Ed Geek Podcast

Play Episode Listen Later Oct 1, 2025 26:28

Samyr Qureshi, Co-Founder and CEO of Knack, returns to the podcast to unpack how his team is reshaping peer tutoring into a powerful engine for student success and workforce readiness. With a tech-enabled, Uber-style platform, Knack empowers high-achieving students to tutor peers while building soft skills and resumes. Samyr and Dustin explore the evolution of tutoring in higher ed, the role of AI in academic support, and how innovative partnerships are driving equitable outcomes across the student lifecycle.This episode includes a sponsored question in partnership with Brian LeDuc, founder of Learning, Designed — a consulting practice and newsletter focused on helping higher ed institutions design more student-centered systems and strategies.You can subscribe to the newsletter here.Guest Name: Samyr Qureshi, Co-Founder and CEO, KnackGuest Social: LinkedInGuest Bio: Samyr Qureshi is the Founder & CEO of Knack, the leading peer-to-peer learning platform partnering with top campuses such as Georgia Tech, University of Florida, University of Utah, University of Connecticut, and dozens of others. Knack has raised $20M in venture capital, most recently closing their Series B, from investors like New Markets Venture Partners, Jeff Vinik (Tampa Bay Lightning NHL Team Owner), Precursor Ventures, ETS (creators of GRE), Chegg, ASU Enterprise Partners, and many other well-known education venture investors and corporations. Currently based in St. Petersburg, Florida, Samyr previously worked as an Account Executive in the Emerging Technology division at Gartner and also formerly served as an iOS Advisor at Apple.Samyr was born in Abu Dhabi, UAE, and immigrated to the US with his mother and sister at the age of seven. Landing in Florida, he grew up in the Tampa Bay area, enrolled in and served as Student Body President at St. Petersburg College while in high school, and ultimately went on to University of Florida earning a Bachelor's degree in Law & Criminology. Samyr has been named in Forbes 30 Under 30, honored as the Emerging Tech Leader of the Year by Tampa Bay Tech, has been featured in Tampa Bay Magazine's Top 10 Under 40, Pi Kappa Phi's Thirty under 30, and was also named in University of Florida's 40 Gator Alumni Under 40 in 2021. When he's not traveling, Samyr loves to play guitar, write music, and spend time outdoors. - - - -Connect With Our Host:Dustin Ramsdellhttps://www.linkedin.com/in/dustinramsdell/About The Enrollify Podcast Network:The Higher Ed Geek is a part of the Enrollify Podcast Network. If you like this podcast, chances are you'll like other Enrollify shows too!Enrollify is made possible by Element451 — The AI Workforce Platform for Higher Ed. Learn more at element451.com. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Elektronski oziroma e-odpadki

Svetovalni servis

Play Episode Listen Later Oct 1, 2025 28:45

Pokvarjene, nedelujoče, neuporabne, zapuščene elektronske naprave. To so tako imenovani elektronski oz. e-odpadki. Gre za najhitreje rastočo skupino odpadkov v Evropski uniji, njihovo število se povečuje štirikrat hitreje, recikliramo pa jih manj kot 40 odstotkov. V sredinem Svetovalnem servisu bomo izpraznili tiste predale, ki so polni starih polnilcev, kablov in telefonov, ter strokovnjakinjo vprašali, kam z njimi? Sogovornica: Marinka Vovk, doktorica bioloških znanosti iz Okoljsko raziskovalnega zavoda.

gre evropski oziroma svetovalnem

573: The War on the Young and the Vanishing Middle Class

Play Episode Listen Later Sep 29, 2025 35:03

Imagine a world where your investments work smarter, not harder. Keith reveals the truth about why real estate trumps stocks, and how the current economic landscape is creating a once-in-a-generation wealth opportunity. Discover: Why traditional investing wisdom is leaving younger generations behind Why owning assets is the ultimate key to breaking free from economic uncertainty From the dying middle class to the rise of strategic real estate investing, Keith exposes the game-changing insights that most investors never see. Inflation is reshaping the economic landscape - and you can either ride the wave or get swept away Generation Z faces unprecedented economic challenges Want to learn more? Your financial transformation starts here. Resources: Text FAMILY to 66866 Call 844-877-0888 Visit FreedomFamilyInvestments.com/GRE Show Notes: GetRichEducation.com/573 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold 0:01 Welcome to GR, I'm your host. Keith Weinhold, talking about real estate versus stocks, how housing has been in a recession that could now be thawing. Then why the war on the young and the vanishing middle class threatens to get even worse today on get rich Education. Keith Weinhold 0:19 You It's crazy that most people think they're playing it safe with their liquid money when they're actually losing savings accounts and bonds don't keep up when true inflation can eat six to 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments and their flagship program with fixed 10 to 12% returns that have been predictable and paid quarterly. There's real world security. It's backed by needs based real estate like affordable housing, Senior Living and healthcare. Ask about the freedom flagship program when you speak to a freedom coach there. And here's what's cool. That's just one part of FF eyes family of products. They include workshops and special webinars, educational seminars designed to educate before you invest start with as little as 25k and finally, get your money working as hard as you do. It's easy to get started. Just grab your phone and text family. 266866, text the word family. 266866, that's family. 266866, Corey Coates 1:37 you're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 1:47 Welcome to GRE from Rocky Mount North Carolina to Mount Shasta, California and across 188 nations worldwide. I'm your host, Keith Weinhold, and you are inside for another wealth building week of get rich education. A lot of people have been building wealth lately. Do you even understand all the markets that are either at or near all time highs, real estate, stocks, gold, all recently hit those levels, also nested home equity positions of American property owners are at all time highs. Silver is also near an all time high, and so are FICO credit scores. All this means that the haves are in really good shape, and the have nots aren't more on that later. Let's then you and I talk about real estate versus stocks. I've invested in both for decades, and it's not something that I do on the side. This is the core of what I do and talk about with you every week. And I've never felt more inclined toward investing in real estate ever the resilience of residential real estate, a major reason is that I've always found real estate investing easier to understand than the s and p5 100, and it comes down to the mechanics of each one in The stock market, a company can be well run, it can be profitable, and it can even be growing, yet its stock price might fall anyway. Why? Because expectations weren't met for a quarterly earnings report, or investor sentiment just happened to shift for a while, people just tended to focus on the bad stuff instead of the good stuff, even though it was always there, and that's why the stock price went down. So what makes a stock move more often than not, is kind of laughable. It isn't a word sentiment, emotions. It's how investors collectively feel about a stock and that can change on a dime. One quarter's earnings miss an interest rate hike, geopolitical news or even a single social media comment from a CEO that can move billions of dollars of market value in an instant real estate, on the other hand, that strips away a lot of that noise and that ability for other people's emotions to ruin the price of your apartment building that cannot happen at its core, the value of a property is tied to its income stream and the market that It sits in, that makes it far more direct and way more controllable. If I buy a property, I can see the levers in front of me and ask my property manager to push or pull them or even do it myself. For example, I just asked them to replace flooring in three of my apartment units. With pricier luxury vinyl plank rather than new carpet, and that's because I plan to hold that building for another five years or more. I'll attract a better quality tenant that can afford to pay me more rent. So I know that if I improve operations and increase occupancy, reduce expenses or reposition the asset down the road. I mean, that is directly going to increase net operating income, and that increase will directly affect my valuation. So there's a logic to this that's almost mechanical, and that is not to say that real estate is without nuance or risk. The risk lies in execution. You have to underwrite carefully. Is the location of your property sustainable long term? Are the demographics supportive of Lent growth? What capital improvements are truly lucrative to you and provide the tenants with value, and what kind of improvements are only cosmetic? So real estate isn't just tangible, it's also something that you can interact with. You can walk a property, you can even speak to tenants, study the neighborhood and know exactly what you're dealing with. It's not a ticker symbol reacting to opaque forces that you'll never see or control, and for me, that tactile nature creates clarity. When you buy the right property in the right market with the right strategy, then the path forward is not mysterious. It isn't whimsical, it's deliberate. Real Estate is easier to understand than the S p5, 100. And that also doesn't mean that real estate is simple, because there is that due diligence and strategy, but it's the cause and effect relationship between what you do and the outcome that you get that's far more direct with stocks. You can be completely right about the fundamentals. I mean, you can nail it. You can Bullseye that stock target, and after all that, yet still lose with real estate. If you execute well, the fundamentals eventually do show up in the returns and see because of that direct cause and effect relationship, you can improve yourself as a real estate investor faster than a stock investor can, and that's because you can learn about how your upgrade drove your properties, noi, that information, that feedback that you got, that's something that you can either replicate again or improve upon in your own investor career. So between real estate and stocks, execution is the real differentiator, and control is a key one as well. To me, that sweet spot is control that I have. But through a property manager that way, control doesn't mean that you're losing your quality of life, your standard of living. Now, some people, they do, have the right handyman skills to maintain the property and the right people skills to maintain the tenants. So self managing it can work for just a few people. I sure don't have the handyman skills myself. Sheesh, if I even try to hang a picture on a wall, there's a 50% chance that it's going to end in a drywall patch job. When you can see the cause and effect between your decisions and the property's performance, it creates that level of control that stocks and bonds just don't offer. And I'm also being somewhat kind to stocks by discussing a benchmark like the s, p5, 100, even harder to control and understand are the Wall Street derivatives and financial mutations that the people invested in them don't even understand. Unlike stocks, you own, the levers you own, the operations, the expenses and the occupancy, both have risks, but real estate's risks are more perceptible, more knowable. You won't have to cringe when a company's CEO posts a tweet that's either pro Israel or pro Gaza. Billions of market cap is wiped out, and your investment goes down 12% in one hour. This is why we talk about real estate on the show. There is less speculation and conjecture. It is concrete stuff, and that's all besides how real estate pays you five ways at the same time, as if that wasn't enough. Keith Weinhold 9:38 Now, when we talk about real estate investing in this decade, do you realize that we have been in a housing recession for two years? A recession in real estate? I mean, it might not feel like it with those home prices at erstwhile mentioned all time highs. We don't need to have falling prices to have a recession. Investors are obviously. Making money in this housing recession. The recession I'm talking about is the slowdown in housing activity stemming from less affordability, lower sales volume and less available inventory. But we do now have signs that we are breaking out of these housing doldrums. As far as affordability, national home prices are staying firm. But what's helping there is that mortgage rates have fallen, and we've also had wages that are rising faster than rents and wages that are rising faster than mortgage payments. In fact, wages have been rising faster than both of those for most of the last year now, and that's sourced by Freddie Mac Federal Reserve stats and rental listings on Redfin. Yes, year over year, American wages are up 4.1% rents are up 2.6% and mortgage payments are basically unchanged over the past year, up just two tenths of 1% and of course, these facts, combined with lower mortgage rates, all supports more real estate price growth. Now to kick off the show, I mentioned how real estate stocks and gold all recently hit all time highs. Well, that's denominated in perpetually based dollars, of course. However, one thing that affects you that certainly has not reached all time highs is the level of available homes, the number of homes for sale, that inventory is up off the recent bottom in 2022 yet it is still below pre pandemic levels. We have had quite a recovery here. National active listings definitely on the rise. They are up 21% between today and this time last year. Well, that means that buyers have gained leverage, mostly across the south, where lots of new building has occurred, and some areas of the West as well. Yet today, we are still, overall here 11% below 2019 inventory level. So nationally, we're basically still 11% below pre pandemic housing inventory levels. And in the Midwest and Northeast, the cupboard looks even more bare than that, since new construction totally hasn't kept up there, we will see what happens. But with the recent drop in mortgage rates, buyers might take more of that available inventory off the shelf. But here's the twist that I've heard practically no one else talk about no media source, no one in conversation. Nobody. It is the paucity of available starter homes. It's the entry level home segment that has the great scarcity, and it's these low cost properties that are the ones that make the best rental properties. Their paucity is jaw dropping, as sourced by the Census Bureau and Freddie Mac starter home construction in the US. I mean, it is just fallen precipitously. Are you even aware of the trend? All right, defined as a home of 1400 square feet or less, all right, that's what we're calling a starter home. Their share of new construction that was 40% back in 1982 Yeah, 40% of new built homes were starter homes. Then by the year 2000 it fell to just a 14% share, and today, only 9% of new built homes are starter homes, fewer than one in 10, and yet, that's exactly what America needs more of. So although overall housing inventory is still low, it's that entry level segment that is really chronically underserved, and that won't change anytime soon, we remain mired in a starter home slump because builders find it more profitable to build higher end homes and luxury homes. Yet for anyone that owns this workforce rental property, which is the same thing we've been focused on doing here on this show, from day one, you are sitting in an asset class that's going to remain stubbornly in demand over the long term. And when it comes to starter homes, the ones Investors love most, they are more scarce than bipartisan agreement in Congress, really. That is the takeaway here. Keith Weinhold 14:39 So last week, I had an interesting in person meet up at a coffee shop with a 19 year old college student because he's a real estate enthusiast, rapping Gen Z there. He's an athlete too, an 800 meter runner. Well, his dad read Rich Dad, Poor Dad, and his dad has 60 rental properties. Where they're from in Wisconsin, and maybe you're wondering, oh, come on, what could I learn from this 19 year old? I don't think that way. Now, I told him about some foundational GRE principles like financially free, beats debt free and things like that. It was also insightful to get his take on how he sees the world, and for me to learn what his professors are teaching him about real estate investing in his classes, he talked about how his professors show them, for example, what affects apartment cap rates. Also about how, whenever they run the numbers on a property, it always works out better to get the debt, get that mortgage, and how that leverage increases total rates of return. I was really happy that he's learning that over there at the university, but I was really impressed how at age 19, he's responsible and understands so much about society, politics, investing, athletics and even diet. I mean, this guy is rare, talking about his preference for avoiding food cooked in seed oils and choosing beef tallow instead. He also lamented on how Generation Z is so screwed up, saying that no one reads, no one's having kids, no one can buy a home, no one's going to be able to buy a home, and that people his age are so used to looking at screens that they're anxious about in person interactions, even in person, food ordering from a waiter at a restaurant gives them anxiety. He and I are planning to go running together next week. We'll see how that goes. As a college 800 meter runner, he's going to have the speed advantage on me, but we're running up a steep, 40 minute long trail where I've got a shot at an endurance advantage. So it was rather interesting to get his take and see what college professors are teaching on real estate. I mean, this generation that's coming of age now, Gen Z is the worst generation since George Washington to have it worse off than their parents. I'm going to talk about that today, shortly. next week, on the show here, I plan to help you learn about what's going on with some real estate niches and what their future looks to be over the next 10 to 20 years, including mobile home park real estate and parking lot real estate, one of these asset classes I really don't like the future of That's all next week on the future of some certain real estate niches. Straight ahead today, I want to tell you about mortgage rates in a way that you've never thought about before and more about the war on the young and the vanishing middle class. I'm Keith Weinhold. There will only ever be one. Get rich education podcast episode 573, and you are listening to it. Keith Weinhold 17:53 If you're scrolling for quality real estate and finance info today, yeah, it can be a mess. You hit paywalls, pop ups, push alerts, Cookie banners. It's like the internet is playing defense against you. Not so fun. That's why it matters to get clean, free content that actually adds no hype value to your life. This is the golden age of quality email newsletters, and I write every word of ours myself. It's got a dash of humor. It's direct, and it gets to the point, because even the word abbreviation is too long, my letter takes less than three minutes to read, and it leaves you feeling sharp. And in the know about real estate investing, this is paradigm shifting material, and when you start the letter, you'll also get my one hour fast real estate video course, completely free as well. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be simpler to get visit gre letter.com while it's fresh in your head, take a moment to do it now at gre letter.com Visit gre letter.com Keith Weinhold 19:06 the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President Chale Ridge personally. While it's on your mind, start at Ridge lendinggroup.com that's Ridge lendinggroup.com Todd Drowlette 19:38 this is the star of the A E show the real estate commission, I'd roll that. Listen to get rich education with my friend Keith Weinhold, and don't quit your Daydream. Speaker 1 19:49 Welcome back to. Get Rich Education. I'm your host. Keith Weinhold, as a reminder that show the real estate commission starring our friend Todd Drolet, who is a guest on the show here with us at the beginning of this month, it starts October 10, on A and E, that's that reality based commercial real estate show. Late last year, the Fed lowered interest rates, and they're doing the same thing again this year, when interest rates rise and fall, think of it like a wall that's being raised and lowered. Cutting rates is like lowering the height of a wall or a dam. That's because it allows for the free flow of capital. Savings rate accounts. Well, since they'll now pay at a lower rate with this rate cut, they're more likely to get shifted out and invested somewhere and flow into something else, driving up that other asset's value. Mortgages are more likely to originate because you pay less interest. Lowering rates lowers the impediment to the flow of money. It eases that flow. Oppositely, raising rates is like increasing the height of a wall or a dam, because if your savings account rate goes from 4% up to 5% oh well, you more likely to keep it parked there a higher wall or dam around your money, and raising rates makes your mortgage costs higher, so you're more likely to stay put and not move money around, constrained by the higher wall, that's how interest rates are like walls and lower walls also increase inflation, since they increase The flow of money, and hence the demand for goods and services. Well, then why did the Fed cut rates, lowering the wall opening the door for inflation this last time? Well, I think you know that was due to the evidence of a sputtering job market. You know that, if you follow this stuff, a slowing job market slows the flow of money, hence why they lowered the wall to increase the flow. Now this might translate to even lower mortgage rates. It does have that loose correlation anyway, and this should lift the housing market. But here's the real problem. Inflation is higher than the Fed wants already, and it's still rising, and they cut rates, making it more likely to rise further. This is like pouring gasoline on a campfire while yelling, don't worry. I got this sure the fire burns brighter, all right, but you might lose your eyebrows. The risk here is that these rate cuts will make inflation spike, since lower rates makes everyone less likely to save and more likely to borrow and spend, this pushes up prices even farther and faster, and this is the Fed's dangerous game. This is the crux about why the Fed is between a rock and a hard place. Ideally, the Fed only cuts of inflation is at or below their 2% target, but understand it hasn't even been there one time in nearly five years. Now, year over year, inflation was 2.7% last month and rose to 2.9% this month. The price of almost everything is up even faster than it usually goes up, beef, housing, haircuts, flamin hot, Cheetos, everything as we know this inflation that's now positioned to pick up again. However, for us, this is the long term engine that makes our real estate profitable. It makes it easier to raise rents, all while your principal and interest payment stays fixed. Inflation cannot touch that like a mosquito buzzing against a window, and let's be real, official inflation numbers are like Instagram filters. They are shaved down, touched up and airbrushed. The government massages them with tricks like hedonics, the wave of inflation that peaked at 9% in 2022 that has already widened the distance between the haves and the have nots, like the Grand Canyon, eviscerating so much of the middle class. And now the powers that be are setting up a scenario for another wave of elevated, long term inflation. This could get dire. Look like I was saying earlier the generation coming of age today is the first one since George Washington to have it worse off than their parents. Do You understand the profundity of this? They had the lowest home ownership rate, and they're the poorest, often leaving them directionless, anxious, depressed, drug addicted and even suicidal for. The first time in US history, Americans are on track to be poorer, sicker and lonelier than their parents. They will make even less than their parents did at the same age, and that's despite having a college degree. Inflation is a big reason for that, and that's what I help you solve here. I can't really help you with the depression stuff. That's not really my role with what I do here in the show. But inflation, in getting behind is one contributor to all these things. Understand, in 1989 those under age 40, they held 12% of household wealth. Today it's just 7% older Americans got rich, and they basically locked the gates behind them. Those over age 70 only held 19% of US wealth in 1989 now it's 30% Harvard's endowment has grown 500% since 1980 that's adjusting for inflation, but yet their class size hasn't grown. I mean, this is just more evidence that old money wins and young people are losing and cannot get ahead in 2019 the federal government spent eight times more per capita on seniors than they did kids. We all know that Gen Z is delaying marriage, home ownership and family formation in 1993 60% of 30 to 34 year olds had at least one child. Today, it's gone all the way down to 27% in about 30 years, that's fallen from 60% down to 27% this is not a resource problem. It's a values problem and an inflation problem, and also the tax code, values owning assets which older people have over labor, which younger people have. This is the crux of the war on the young and the war on those that don't own assets. You've got to wonder, is it even fixable? Some of it is, but no one really wants to fix inflation, and now they're lowering rates to open the door for even more of that widening that canyon, yes, the wave of inflation that started four to five years ago that broke down the middle class, and now it's set up to widen even more. I want to tell you what you can do about that shortly. But first, have you ever wondered, why do we even stratify upper, middle and lower class based on somebody's income? Why the income criterion, if you say that someone's upper class, everyone knows what that means. It means that you have a lot of wealth or income. But why is that the basis? Why do we classify it based on income? Well, it really started forming during the Industrial Revolution of the 1700s and 1800s that began in Great Britain. Before that, class distinctions were usually based on land ownership or nobility or occupation, for example, aristocrats versus peasants. But as industrial capitalism spread out of the UK, wages became the dominant way that people made a living. So tracking income, it sort of became this natural way to map out class. And then this notion spread in the 1800s and 1900s that was propelled through both economics and social science. You had thinkers like Karl Marx and Max Weber that were deeply concerned with class. Marx emphasized ownership of the means of production. You've probably heard that before, capitalists versus workers. But as societies modernized people in the world of both Economics and Psychology, they agreed that income was an easier dividing line than ownership alone. And then, starting last century, in the US, the 1900s income statistics, they became rather central in all of these policies that we make, like our tax system and poverty thresholds and qualifying for housing programs and even welfare benefits. See, they all rely on income bands. And over time, this normalized in our vernacular, these strata of upper middle and lower class sort of this income based shorthand that we use, throwing these terms around. So whether we like it or not, classes are based on your income level, and that's how it came into being. Well, with. A quick history lesson with the eroding of the middle class, with the war on the young. What can you actually do to make sure that you find yourself on the upper income side of it without falling to the lower side the lower class? Well, we know who the future financial losers are going to be. It is anyone not owning assets, and it's also savers clutching their dollars as those dollars quietly melt like ice cubes in July, right in their hand. Those are who the financial losers are going to be. Who are the winners going to be? It is asset owners riding the inflation wave, and the winners are also debtors who get to pay back tomorrow with cheaper dollars today, especially with that debt that you have outsourced to tenants. Here's the big takeaway, if you did not grab enough real assets during the last wave of inflation don't get left behind this time, because the longer you wait, the harder it is to jump aboard this moving train that keeps getting momentum and moving faster. The bottom line here is that at GRE we advocate for simply doing it all at once. Use debt to own real assets while inflation pushes up your rents. That's it, right. There it is. That's really the most concise way to orate the formula. Look in your mortgage loan documents. It does not say that you have to repay the mortgage loan in dollars or their equivalent. It only says you have to repay in dollars. That's your advantage. As dollars keep trending closer to worthless. To review what you've learned so far today, real estate is easier to understand and has more control than stocks. Housing has been in a recession, but there's more evidence that it is thawing, and a setup for more inflation has America poised to exacerbate the war on the young and widen the canyon between the haves and the have nots, and it threatens to get even wider as the middle class keeps vanishing and struggling. Keith Weinhold 32:23 Now, if you like good free information, like with what I've been sharing with you today, and you find yourself doing a bit too much scrolling for quality written real estate and finance info. I mean, yeah, it can be a mess. It can be tough. If you want to get the good stuff, you hit paywalls and pop ups, and you get these push alerts and cookie banners. It's a little annoying. It's like the internet is playing defense against you. Not so fun, and that's why it matters to get good, clean, free content that actually adds no hype value to your life. This is the golden age of quality email newsletters. I've got one. I write every word of ours myself, and it's got a dash of humor, yet it's direct. And it gets to the point because, as I like to say, even the word abbreviation is too long. My letter takes less than three minutes to read, and it leaves you feeling sharp and in the know about real estate investing, this is the good stuff, the paradigm shifting material, the life changing material, you can get my letter free at gre letter.com Where else would you get the GRE letter? Greletter.com and along with the letter, you'll also get my one hour fast real estate video. Course, it's completely free as well, and it's not to try to upsell you to some paid course, there is no paid course, there's just nothing for sale, no strings attached, free value. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be simpler to get as you know, I often like to part ways with something actionable for you, visit gre letter.com while it's fresh in your head, take a moment to do it now one last time it's gre letter.com until next week. I'm your host. Keith Weinhold, don't quit your Daydream. Speaker 2 34:24 nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively. Keith Weinhold 34:52 The preceding program was brought to you by your home for wealth building. Get richeducation.com

MBA Wire Taps 449: 331 GRE, Tokyo goal. 2.76 GPA, can it be overcome. 335 GRE from Pakistan.

Play Episode Listen Later Sep 29, 2025 35:14

In this week's MBA Admissions podcast we began by discussing the current state of the MBA admissions season. This week, MIT / Sloan, Duke / Fuqua, CMU / Tepper, UVA / Darden, UCLA / Anderson, Emory / Goizueta, Georgetown / McDonough, Washington / Foster, Vanderbilt / Owen, Georgia Tech / Scheller, Maryland / Smith and Minnesota / Carlson have Round 1 application deadlines. Oxford / Said has its Stage 2 application deadline. Graham highlighted several upcoming events being hosted by Clear Admit in the upcoming months, including a Real Humans series, a deferred admissions series and a series focused on MBA programs in different regions of the United States. Graham also highlighted our next livestream AMA, scheduled for Tuesday, October 28; here's the link to Clear Admit's YouTube channel: https://bit.ly/cayoutubelive. Graham noted that two new business-related academic programs were announced last week: Wharton's MS in Quantitative Finance and Georgetown's MS in Business Analytics. Graham then noted two recently published admissions tips, focused on MBA interview etiquette and the role of letters of support. Graham discussed the recently published Real Humans series focused on NYU / Stern. This led to a brief discussion on GMAT preparation. We then discussed the Class of 2027 admissions profile from Wharton, within the context of class profiles from Anderson and Johnson. For this week, for the candidate profile review portion of the show, Alex selected three ApplyWire entries. This week's first MBA admissions candidate has a strong international focus and can speak several languages. They have a super GRE score of 331. This week's second MBA candidate is a West Point graduate with a 2.76 GPA. We discussed potentials for mitigation, which might include retaking the GRE. They currently have a 321 GRE score. The final MBA candidate is from Pakistan and has a terrific GRE score of 335. They are working in energy sector consulting and looking to switch to a more health-care focused career. This episode was recorded in Paris, France and Cornwall, England. It was produced and engineered by the fabulous Dennis Crowley in Philadelphia, USA. Thanks to all of you who've been joining us and please remember to rate and review this show wherever you listen!

Episode 557: The look (speak with your eyes)

Play Episode Listen Later Sep 29, 2025 10:41

As a man, it is your job to convey sexual intent in the early stages of the courtship process, and this is done most effectively using non-verbal forms of communication. Today, I'm going to be describing – and demonstrating – “the look:” a way of looking at women that cultivates sexual tension without being creepy. Learn to speak with your eyes – as your mouth is better served for other things. Join my community: https://the-captains-quarters.mn.co Buy my book, "The Value of Others" Ebook: https://amzn.to/460uGrA Audiobook: https://amzn.to/3YfFwbx Paperback: https://amzn.to/3xQuIFK Book a paid consultation: https://oriontarabanpsyd.com/consultations Subscribe to my newsletter: https://oriontarabanpsyd.com Social Media TikTok: https://www.tiktok.com/@oriontaraban Facebook: https://facebook.com/profile.php?id=100090053889622 LinkedIn: https://www.linkedin.com/in/orion-taraban-070b45168/ Instagram: https://instagram.com/psyc.hacks Twitter: https://twitter.com/oriontaraban Website: https://oriontarabanpsyd.com Orion's Theme: https://www.youtube.com/watch?v=WrXBzQ2HDEQ Thinking of going to grad school? Check out STELLAR, my top-rated GRE self-study program based on the world's only empirically-validated test prep system. Use the code "PSYCH" for 10% off all membership plans: https://stellargre.com. Become a Stellar affiliate and earn a 10% commission for every membership purchased by a new student you conduct into the program: https://stellargre.tapfiliate.com. GRE Bites: https://www.youtube.com/@grebites4993 Become a Psychonaut and join PsycHack's member community: https://www.youtube.com/channel/UCSduXBjCHkLoo_y9ss2xzXw/join Sound mixing/editing by: valntinomusic.com Presented by Orion Taraban, Psy.D. PsycHacks provides viewers with a brief, thought-provoking video several days a week on a variety of psychological topics, inspired by his clinical practice. The intention is for the core idea contained within each video to inspire viewers to see something about themselves or their world in a slightly different light. The ultimate mission of the channel is to reduce the amount of unnecessary suffering in the world. #psychology #dating #attraction

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Episode 556: The art of surrender (how to let go)

Play Episode Listen Later Sep 26, 2025 8:21

When caught in the jaws of life, it is immensely useful to practice the art of surrender. In so many words, this is the art of waking up to the fact that your helplessness and powerlessness are nothing new. You've always ever been in the passenger seat – and that's okay. By practicing this art before you need it, you'll be better equipped to make use of it when the time comes. This is how to let go. Join my community: https://the-captains-quarters.mn.co Buy my book, "The Value of Others" Ebook: https://amzn.to/460uGrA Audiobook: https://amzn.to/3YfFwbx Paperback: https://amzn.to/3xQuIFK Book a paid consultation: https://oriontarabanpsyd.com/consultations Subscribe to my newsletter: https://oriontarabanpsyd.com Social Media TikTok: https://www.tiktok.com/@oriontaraban Facebook: https://facebook.com/profile.php?id=100090053889622 LinkedIn: https://www.linkedin.com/in/orion-taraban-070b45168/ Instagram: https://instagram.com/psyc.hacks Twitter: https://twitter.com/oriontaraban Website: https://oriontarabanpsyd.com Orion's Theme: https://www.youtube.com/watch?v=WrXBzQ2HDEQ Thinking of going to grad school? Check out STELLAR, my top-rated GRE self-study program based on the world's only empirically-validated test prep system. Use the code "PSYCH" for 10% off all membership plans: https://stellargre.com. Become a Stellar affiliate and earn a 10% commission for every membership purchased by a new student you conduct into the program: https://stellargre.tapfiliate.com. GRE Bites: https://www.youtube.com/@grebites4993 Become a Psychonaut and join PsycHack's member community: https://www.youtube.com/channel/UCSduXBjCHkLoo_y9ss2xzXw/join Sound mixing/editing by: valntinomusic.com Presented by Orion Taraban, Psy.D. PsycHacks provides viewers with a brief, thought-provoking video several days a week on a variety of psychological topics, inspired by his clinical practice. The intention is for the core idea contained within each video to inspire viewers to see something about themselves or their world in a slightly different light. The ultimate mission of the channel is to reduce the amount of unnecessary suffering in the world. #psychology #peace #mentalhealth

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572: Landlording vs. Professional Management, How to Increase Your Income as a Real Estate Lender

Play Episode Listen Later Sep 22, 2025 50:02

Keith discusses the pros and cons of being a hands-on landlord versus hiring a property manager. Self-management offers cost savings, quality control, and better tenant relationships but can be challenging due to tenant and contractor management. Keep up with inflation and market trends, by using tools like Rent Finder.ai for market analysis. Dani-Lynn Robison with Freedom Family Investments joins the conversation to highlight their recession-resilient real estate funds offering 8-16% returns, with options for liquidity and growth. Resources: Visit freedomfamilyinvestments.com/gre to learn more about the investment opportunity or text FAMILY to 66866 to get more information about Freedom Family Investments' liquid investment options. Show Notes: GetRichEducation.com/572 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold 0:01 welcome to GRE I'm your host. Keith Weinhold, being a hands on landlord versus professional property management. Which one is right for you? How often and how much should you raise the rent? Then learn how, rather than a landlord, to be a landlord and increase your income by becoming a real estate lender. Today on get rich education, Speaker 1 0:28 since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads in 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com Corey Coates 1:13 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Speaker 2 1:30 Welcome to GRE from Charleston, South Carolina to Charleston, West Virginia and across 188 nations worldwide. I'm Keith Weinhold, and you're listening to get rich education before we talk about, should you be your own landlord or not, and how often do you raise the rent? Let's get more personal. I want to get introspective with you with three questions, do you focus more on what you have or on what's missing? Yeah, and not just as an investor, but in your overall life. Do you focus more on what you have or on what's missing? As for me, it's what's missing, and that might be a shame. I'm definitely grateful for what I have, but probably not grateful enough if you also focus more on what's missing from your life rather than what you have. Maybe you need to be more grateful for what you've got too. But those like me that focus more on what's missing are often accomplishment driven people always trying striving for more. The second question is, do you focus more on your past, present or future. Now we all focus on all three, but which one do you focus on the most? For me, it's the present and then the future after that. The third question that you can ask yourself to learn more about yourself is, do you focus more on what's in your control or out of your control, I focus more on what's in my control. So there you go. Certain combinations of those questions can tell you a lot about yourself. For example, if you answered that, you're most focused on your future and what's out of your control, you could be setting yourself up for some sleepless nights. Oh, gosh, did I lock the car door or really, it's more like, Geez, how is that meeting really going to go tomorrow? I do some of that too fretting too much about the future for things outside your control that won't change your future one bit, but yet, ostensibly, that steals your peace of mind in the present. And I don't know who to attribute those questions to. Who originated them, but I heard Tony Robbins talking about them, and that helps you figure yourself out for some of what we're talking about here on today's show. I want to start off real basically here most first time real estate investors, they find themselves diving into the world of property management with zero experience and tons of uncertainty. You don't have to put management experience on a resume before you hire yourself to manage your own property. Self managing a rental property, it can be daunting in the beginning, but it also offers you some real benefits, like greater control and cost savings and some hands on learning. But self management comes with its own set of challenges, like tenant management and handling maintenance issues, so let's weigh some of those pros and cons of self landlording versus outsourcing it to a professional manager, there are about four key advantages to self managing. I think that most obvious one is the cost savings, because property management companies typically charge eight to 10% of the monthly. Rent amount for their services, along with an additional fee for placing a tenant or renewing a lease, and maybe even a fee for certain maintenance types. By self managing, you can then avoid these fees and keep more of the rental income for yourself and thereby making your investment more profitable. Say that your property is rented for $2,000 a month. That $200 management fee, because that's 10% Well, multiply that by 12, that's $2,400, a year, plus a typical leasing fee when a new tenant is placed is a half months rent. That's $1,000 in this case, now, you're probably not going to have a new tenant placed every single year, but if you did, then that's $3,400 annually to the manager in total, between the management fee and the leasing fee. Another advantage of DIY ing is quality control. Now, I think people that tend to be control freaks, oftentimes have to self manage, and they care a little too much. But when you self manage, you do have direct control over the maintenance and tenant selection and the overall condition of your property, and that is going to ensure that your investment is well maintained and that your tenants are satisfied. Property managers, they often manage multiple properties, so your rental might not get as much attention. And the most common, recurring issue that I hear from investors that use a professional management company is that they don't feel like their property is getting enough attention, or that the property manager doesn't really care that much about them after their contract is signed. And if you think that through, from the property management industry side, you know most managers, they're only making that 100 to 200 bucks of recurring revenue per month on each property they manage, and these are pretty thin margins overall. So in order to run a profitable business and pay their employees and cover their other business expenses, these property managers, they need to onboard hundreds of clients, and in turn, that's going to spread out their efforts pretty thin if you've only got a few properties with a manager. Well, their main priority sometimes ends up being their bigger clients. So the smaller you are, the further down the callback list you might be. But I'll tell you, even staying in touch with my professional managers a little bit, even the ones I only have a few properties with, I feel like I get what I need. A third advantage to managing yourself is better tenant relationships. You've got a level of control that allows you to build relationships with your residents that can lead to longer retention and less of that costly turnover, and having that direct communication that builds some trust, that builds some respect between you and your tenant, they appreciate a landlord like you is probably going to respond quickly to maintenance requests and the fact that you're approachable if an issue comes up, and also, by you being more involved in the tenant screening process, you can ensure that you select a pretty good tenant that's going to stay Long Term and really take care of your property. Another advantage to you self managing is that you do build some valuable skills. I mean, managing a property on your own that teaches you a big range of pretty versatile skills, from like handling maintenance and repairs to negotiating leases and just overall, managing your finances, these can be pretty helpful skills, not just for your rentals, but for your future business ventures. So really, those are some of the upsides of self management. Now, how about the flip side, the challenges of self managing your own rental property? Well, the problem is managing your tenants. I mean, some say that this whole discipline that's called Property Management ought to be called tenant management and handling tenant relations. That's one of the most critical aspects of being a self managing landlord. I mean, even if you try to build tenant relationships, mismanagement that can lead to vacancies or disputes or can even go into legal issues. So educating yourself on landlord tenant laws and best practices, that's pretty essential. If you want to head off problems, you've got proper tenant screening and addressing tenant concerns and ensuring that rent is paid on time. I mean, all that stuff's crucial. Most tenants are pretty reasonable, but you know, there are always going to be a few that will challenge your patients, and it really requires that you be tactful and professional to manage well, managing contractors. I mean, property maintenance, that's another key responsibility you have to. Fine and hire and coordinate contractors for repairs and upkeep and poor contractor management that could lead to cost overruns or really shoddy work and more, knowing how to negotiate contracts and oversee projects that's crucial to maintaining the tenant satisfaction and the overall quality of your property. Another downside of self management is handling emergencies, I mean plumbing leaks or electrical issues, that stuff could happen anytime. And as a self managing landlord, you might not always be available to respond immediately, which can lead to property damage or unhappy tenants. So self managers, they really need to be problem solvers. Self managing a rental property, things go fine 99 plus percent of the time, but it could get emotionally taxing, especially if those tenant relations become a problem. So you got to keep personal feelings out of it, that stuff can cloud your judgment and negatively impact your decisions. If you want to self manage, you've got to maintain professionalism and set clear boundaries and remain objective when you're dealing with tenants and property issues, so creating systems and processes help you minimize those emotionally driven decisions, and can help you ensure consistency in managing approach. And then there is that legal side you ought to keep up on that local area's landlord and tenant law. So in conclusion, on whether to be your own landlord or outsource it to professional management, while these challenges are pretty real, you should still be able to self manage your properties, even remotely, even across state lines or from 1000s of miles away. I mean, most of these worst case scenarios that you hear about, like a flood at 2am I mean that stuff just never happens. I mean, it's never happened to me, even if you don't have previous experience, you really can effectively manage your rental properties and see positive results when you got the right tools and the right mindset. And today's tech tools make remote management easier than it's ever been in human history. But any long time listener knows that I do not manage my own properties. My time is simply too valuable. As a frequent guest on the show here, Robert helm says life is too short for property management, I just feel a personal sense of freedom and autonomy and some headspace clearance by knowing that no tenant can contact me directly yet that my manager is taking care of them. I mean, it's just not worth doing it myself to get that last 2% toward perfection. When you buy in the most investor advantage areas, you should have enough margin to pay for a manager. Keith Weinhold 13:03 All right, well, let's change topics now, and whether you self manage or you outsource it to a pro, you know, you've got to ask, how much and how often should landlords raise the rent? That is the question. Let's say you've crunched the numbers and expenses are climbing like they have these past few years, and the market is shifting and your rent hasn't changed. That really leaves you with one big question, Should you raise the rent? And should you raise it every year? And if you're new to landlording, it can kind of feel complicated. It could feel like if you raise the rent too much, you risk losing a great tenant if you raise it too little or not at all, and you might fall behind on costs then, or even undervalue your property if you don't keep your rents up there, because five plus unit property values are based on the rent, which goes into the NOI your net operating income. And really, this is one of the more common dilemmas that landlords face. But really, the good news is that there's a pretty clear way forward. So let me help you determine when a rent increase makes sense, and then figure out an amount that keeps your unit competitive. It keeps your rental income on track. Now some people, they actually believe that landlords are required to raise the rent every year and to a tenant, it might seem like that's what happens, but no, landlords are not required to raise the rent every year. They often choose to do so to keep up with inflation or stay competitive and high demand markets, and keep up with shifts in local rental trends, gradual, smaller increases can help you avoid the need for making larger jumps later, that stuff can surprise or frustrate your tenant. You want to go for those big rent jumps, but two. 19 tenancies. We've covered that part before. Now, some landlords prefer to keep rent steady, like when they have long term reliable tenants, or they're just focused on building equity over time, and they want to stay hands off, and don't really need the cash flow so much. Now, in a lot of cases, maintaining that same rent amount that sure can reduce your turnover in vacancy costs, those things are your biggest expenses, but often that is not the best approach in the long run, because you probably are a leveraged investor, meaning that you have a loan on the property. Well, then a rent increase that helps you out more than it does for the less educated, paid off free and clear property owner, because you can widen your delta faster. You widen your cash flow faster because your biggest expense, your principal and interest payment, stays fixed. Yes, you are getting leverage on both the asset value overall and the income. Yes, this is winning that third crown of GRE s inflation triple crown. So ultimately deciding how often to raise the rent, that really depends somewhat on your goals and also the condition of the rental. You got to factor in how satisfied you think that your tenant is. That's part of it, and the state of the market as well. Now, if you're unsure what the right rent price is for your area, there are increasingly sophisticated tools for helping you figure that out. Rent finder.ai, can help you. One of my property managers uses it. It's a really cool AI driven report that looks at 25 rent comparables in the area. Again, that tool is rent finder.ai. Speaker 2 16:52 Now, when should landlords raise rent? Finding the right time to do this that helps you stay aligned with the market value all while supporting your financial goals. But there are also times where it might be smarter to hold off on hiking the rent. The most common times that you implement a rent increase are at least renewal. That's really the most common and appropriate time to raise the rent, provided that you give proper notice. You usually got to give 30 to 60 days notice. Another common time to raise the rent are after you make significant upgrades, like installing new appliances or renovating a kitchen or updating flooring. I mean, this is when it might be reasonable to adjust rent to reflect that added value. Another time is when overall market rents are rising, even if you haven't improved the unit or anything, because if rental prices in your area are up, well, then raising your rent helps keep your property in line with local rates. But you got to keep in mind that rent price increases require a well thought out strategy to avoid pushing away good tenants. Another time to increase the rent is to keep up with inflation and expenses over time, especially these last few years, we've all had higher operational costs like higher insurance, higher property taxes, higher maintenance costs. So even a small annual rent increase definitely helps offset those rising expenses, but you have got to avoid basing your rent price solely on operating expenses. When you do raise the rent for this reason, though, let the tenant know just which operating expense rose. That is going to help reduce tenant frustration. Now, on the flip side, there are times when keeping your rent steady could be the better choice, especially if you have a long term reliable tenant. I mean good tenants that pay on time and take care of the property. They are worth retaining, not all times, but sometimes avoiding that rent hike can help you maintain a good relationship. There another time to avoid it is when the rental market is soft. I mean, if there's more competition in your area, or high vacancy rates in your area, well then raising the rent could lead a tenant to look somewhere else, especially if there are vacant properties nearby that they could move into. Another time to not raise the rent is if the property hasn't changed, if you haven't made any of those improvements, sometimes a rent increase might not be justified, or obviously you don't want to raise the rent if you really, really want to avoid a vacancy. So keeping the rent the same might encourage them to renew. So factors to consider before raising the rent and how to calculate an appropriate increase if a unit is aging or needs repairs, raising the rent without improvement that could discourage renewals. So consider creating a value checklist to quantify certain improvements, like new apps. Appliances could be 25 to $50 a month in additional rent, or a renovated kitchen, $75 a month or new HVAC. That could be 30 to $50 a month. Think about neighborhood changes like gentrification or new schools or increased transportation access or nearby commercial development. I mean, all that stuff can raise demand, building a Whole Foods nearby, having a new office space with high wages nearby, that can increase your rent. Look at City Planning announcements and local news. You can help stay ahead of the trends that way, and if your neighborhood has seen a rise in new businesses or housing demand. I mean, that is justification for a moderate increase and a modest annual rent increase tied to inflation that can help offset your rise in costs. You can reference the CPI, yeah, the BLS. They don't just report national inflation, but they do this by region as well. Now, is there a limit to the amount of your rent increase? Well, depending on where your property is located, there might be legal limits to how much you can raise the rent, and they're typically defined by state and local rent control laws that can vary a lot across the US, in cities or states with rent control, or what's called rent stabilization, there are strict caps on how much you can raise the rent annually. And those caps, they're often based on the local CPI. They might range from 2% per year to 10% a year, depending on the area and if your rental property is in a place without rent control, well, then there might not be any legal limit on how much you can raise the rent really. That's sort of situation normal. So you do have to look at those local laws. Of course, here at GRE we recommend buying and owning properties outside of any rent control jurisdictions, which are often those places in big Northeastern cities or on the west coast where they have rent control. Well, your success as an investor, it has a lot to do with how much of your money you are leveraging, but funds that are leveraged into property that you own directly, they're not very liquid. Any prudent investor keeps a liquidity bucket of funds, and for me personally, I don't keep many of them in these online only savings accounts that might yield a 3% or 4% return today, because that is simply too low. What I do with my liquid funds is I get a return that's more than twice that amount. Where I am not the landlord, I'm the LEND Lord. Yes, l, e, n, d, lendlord, I'll tell you how to increase your income that way. That's next. I'm Keith Weinhold. You're listening to get rich education. Keith Weinhold 23:03 The same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage, start your pre qual and even chat with President Chaley Ridge personally. While it's on your mind, start at Ridge lendinggroup.com. That's Ridge lendinggroup.com. Keith Weinhold 23:34 You know what's crazy your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back, no weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family to 66 866. To learn about freedom. Family investments, liquidity fund again. Text family to 66866, Robert Kiyosaki 24:48 this is our rich dad. Poor Dad. Author Robert Kiyosaki, listen to get rich education with Keith Weinhold. Don't quit your Daydream. Speaker 2 25:06 If you love the income from rentals but you don't like the vetting and the tracking and the tenant calls, this episode is for you. I've openly shared with you before that I don't keep much money in a savings account, since the returns are often lower than true inflation today, it's about where I invest my own funds that I want to keep fairly liquid yet get a strong return. We're talking to who owns and runs those very funds that I'm personally invested in. She co founded freedom family investments. They're a firm with over $50 million in assets under management, and they have a 100% track record of investor payouts to those investors that include me. After building her own wealth through real estate, she made it her mission to help investors create freedom, safety and peace of mind in their portfolios. She specializes in turning hands on real estate strategies like turnkey rentals into relatively passive, scalable income. It has real estate backed returns that get fairly high. You'll see how high today. She's got a great plain English approach and focus on recession resilient, needs based assets that have earned her repeat invitations to get rich, education and other top real estate shows she and her husband flip also co wrote a great book called Get real, which I have on my bookshelf. Hey, it's great to have you back on GRE Danny Lynn Robison Dani-Lynn Robison 26:30 thank you so much, Keith. I'm so excited to be here Speaker 2 26:33 Danni, We'll discuss rates of return for the investor shortly, but first, I think that any prudent investor asks about that foundation, what is the investment backed by? What are the underlying assets? Tell us about that. Dani-Lynn Robison 26:48 So that's really important to me as well. And real estate is my love and passion. So this is a fund that is based on recession resilient needs based real estate. What that means is we're really focused on the needs over economies, down economies, no matter what is going on the market, is there demand? Is there enough demand that the cash flow is going to continue on? And so our asset classes inside this fund are multifamily housing and then senior housing build to rent and self storage. And by concentrating on all of those, we're just staying aligned with the fundamental needs of American families, which is why we're freedom family investments, Keith Weinhold 27:26 right? Okay, so, yeah, pretty staid, stable underlying assets there, like you say, these are needs based items, items that people need. And tell us more about how the investment is structured for that investor, and these investors like me, looking for predictable, passive income. Dani-Lynn Robison 27:46 This is something that's really important to me. I'm always talking to our investors and finding out what's important to them. What are they investing in right now? How do they feel about the market? What's important to them? And out of that has come every single fund or offering that we have created. And so what I love about this one is it combines a whole bunch of things all into one place. So this fund, the way it's structured, provides diversification, because as a private money lender, you are lending on one asset, so you're dependent on that one asset actually performing and being able to pay you back. Now, as you said at the beginning of the episode, we have a 100% payout track record, and that's because I think my very first episode with you was about private money lending, and I told this story about this duplex where we lost, I want to say, over $50,000 and I talked about the importance of investor relationships to me, and that long term relationship means more to me than anything else, because if you don't Have trust, then you don't have anything, you don't have a business, you don't have you can't grow long term. So even though we had lost so much money on that duplex and made a lot of mistakes, the investor got their full principal paid back. They got every penny of interest during the time that they were owed. And that Testament has happened over and over again, and it's also why I've always preached volume, because deals like that in real estate, it's going to happen in anybody who tells you otherwise just run, because there's going to be times where you peel back a wall and there's something you know big that you're going to have to take care of, and there's times when contractors aren't going to do what they say they're going to do, and it's going to go over budget. And because of that, volume is important. So if I'm doing 10 deals a month, and two of them go bad. I've got eight that do really, really great. So that's the diversification piece that is so important to me, and therefore also important to my investors. Because we've talked about that, we've talked about those conversations. So in the fund, being balanced and diversified across those four asset classes ensures that no matter where the market is and what we're investing in, some of them could be doing really good, while some of them may not be doing as good, and we're just evening out and protecting ourselves and our investors with that separate asset classes and multiple doors. Then the other thing about that I've heard loud and clear is liquidity. And you and I were talking about this right before we pressed record, and I. Always laughed, and I was like, liquidity and real estate just don't go together. So let me figure this out. And we worked with our attorneys and figured out different ways to provide liquidity to real estate investors while still protecting just the way everything was structured, because that promise and making sure that I'm always giving that money back to the investors and paying them on time every single time, was so important, we structured a fund that allows people to invest and then get their money back in a year if they want it, but if they don't, then they get to continue investing for a period of time. And so that marriage and balance has really been a win for us and for our investors. And so I'm really excited about this fund. Keith Weinhold 30:37 Danny Lynn, it's a little sad before our chat today, we learned about another industry professional that offered a fund to investors, and that fund imploded, for lack of a better term, and you divulged with me that you're actually familiar with that fund and with that operator that offered it. And you know you talked about how there were really some red flags, some warning signs, there, you have third party eyes on your fund for its lifespan, from beginning to end and here in the present. And the other thing is that you invest the funds in your own businesses, so you have more control over that when you talk about these four different asset types that you're involved in. So can you talk to us about that? Dani-Lynn Robison 31:25 I've been in the room with him. I don't know him personally. We're not friends or anything, but I know him, and I know what happened as that fund progressed. And when I looked at the fund structure, I love the promissory note idea, because it's simple to understand. There's a warren buffett quote I love talking about that you shouldn't invest in something you don't understand. And I believe in simplicity. I believe in making sure that you understand exactly what you're getting into when you're putting your money on the line. And in that particular fund, it was very hard to understand the assets that you're investing in. And so it was a lot of businesses I would view them as high risk. I felt like even the monthly distributions were a little risky as well, because sometimes you just don't know if the money is going to be coming in. You know, you might be in a building phase where you actually need the capital to work on and grow and improve the business or the real estate. And so we always structure things in a way that we do two tiers. There's an income track and there's a growth track to allow us to balance everything out and be able to give the investors a lower rate of return if they want income, and a higher rate of return if they want growth, because that higher rate of return we can do that because they are allowing us to use that capital to be able to work on properties, to work on businesses have that growth trajectory, and when it comes to our businesses, I'm glad you brought that up, because he did invest in businesses, and I don't historically do that. I love real estate, but I do invest in my own businesses, because I know me. I know my character, I know my track record. I know what I promise I'm going to do, no matter how hard it is. I'm going to make sure that I fulfill those promises. And so if I have like, ownership and direct control of everything, I feel very confident in my ability to move forward. And that's really where the masternote program comes in, we now call it freedom notes, because we just love freedom so much we're just rebranding everything. So the freedom note program really does help us invest in businesses as we're growing, and it's our own businesses so super excited about that opportunity. Structured the exact same way as the flagship fund. Keith Weinhold 33:16 You use the term promissory note there, just so that no investor is left behind. What is a promissory note? Dani-Lynn Robison 33:23 A promissory note is really like an IOU. So I always like to compare it to bank loans. Whenever our private money lenders would come and talk to us about private money lending, and they'd say, can you explain this to me? I'd say your Bank of America like you're the one with the lien on the property, so you're in first lien position, and so if something goes wrong, then you have the ability to foreclose and get that property back. So promissory notes, essentially is a loan to this fund, and this fund is then going to use that money to purchase or acquire or invest in or do recapitalizations of those projects that we talked about. So in the flagship fund, those four asset classes, masternodes, so the freedom notes also invest in those same asset classes, but they also invest in the businesses as well. Keith Weinhold 34:09 So we're talking about predictable passive income for the investor here, about as close to passive as it gets, hands off management. You've got the professional underwriting, the servicing and the reporting done by a third party you actually use invest next, that's the third party company that administers this. Tell us more about the investor qualifications, about the minimum investment amount and accredited versus non accredited. Tell us about that. Dani-Lynn Robison 34:38 We have programs for both non accredited and accredited investors, and like I said, they're set up structurally very, very similar, but they are it's has to be SEC compliant, right? So for the non accredited investors, it is the freedom note program, and it's set up so your funds are in a separate bank account all by itself. It's fully tracked that way by our accounting team. And you can always go in and say, Hey, can you guys tell me where my funds are placed? And we can always track that information. So it's a little bit more work on our part, but it does allow non accredited investors to participate in something until they have the opportunity to reach a point where they do meet that accredited status and they can participate in the fund. And then the fund is the accredited vehicle. It's a 506, C, again, fully it's a Regulation D, fully vetted by our attorney. They're just actually finishing the documents right now. I didn't tell you before this, but you're actually the very first group that we're like talking to this about. And I told you how much I love our relationship and how long we've known each other, and how I just want to do more things with you. And so we're like, this is perfect that we get to actually launch it to Keith's group first. So we're excited about that as well. And then you talked about invest next. This is the piece that I think is important to me, no matter who you invest in, is what is their financial transparency look like? How are in the investments tracked? Where are the funds? Who is looking at those funds. So not only are we tracking all of the funds in house, but our CPA has to look at the funds and what's happening there. And originally we had nav, which is a fund manager. Now we've moved over to our invest next, and it probably took us six months to get onboarded with them, because of all the compliance pieces required for a company like that to bring you on board. So I just think that's one of the important pieces that makes me feel safe, because I want a bunch of eyes on the financials, and it makes our investors feel safe as well. Keith Weinhold 36:31 For those wondering why I invest my funds here, yes, you've got that third party auditing, like you've mentioned, and you're investing only in your own businesses, so you have control. That's a big part of what makes me feel good. Well, let's talk about the fun part. Danny, tell us about those rates of return and the liquidity. Dani-Lynn Robison 36:50 The rates of return are anywhere from eight to 14% but the 14% can go up to 16% because there's a 2% bonus upon maturity, and that eight to 16% is in two series. So there's an income series and there's a growth series. The income series is what appeals to investors who want those quarterly distributions and who want the passive income and cash flow. And so that particular series is anywhere from eight to 10% and again, depending on how much you invest, there's a 2% bonus in that series, and then the growth series is even higher. And the reason that is is because these are the long term investors who are looking to really accelerate growth in their portfolio. And that allows us peace of mind that we've got capital to be able to use for the renovations, for whatever is needed, depending on the market and how the cycles are going. As I said before, real estate is illiquid, and you have to structure and balance things based on that. And the growth series is a win for the investors, because compounding on, let me see, it's 10 to 14% returns, plus, depending on how much you invest, there's a 2% bonus that compounding adds up fast. We've done math for our investors are like, Oh my gosh, I'm never moving my money. I love this. They just love to see the growth trajectory. It's a win for us, too, because we get to use that capital as needed in order to ensure that we've got successful investments at the end of the day. Keith Weinhold 38:21 Okay, so the income series has eight to 10% returns based on how much you invest, that pays out quarterly. And then the growth series that has those higher rates of return, up to 14 even 16% where the payout is made at the end, and how long is one waiting until the end? I know it sounds like most people want to continue that compounding and roll it forward, but what does the end look like for the groceries fund? Dani-Lynn Robison 38:47 Yeah, I'm glad you asked that. So that's the liquidity piece, and that's the thing that we went back and forth with our attorneys about, because real estate is naturally illiquid, and so what we did is it's a recurring annual renewal. So it's an auto renewal, meaning that every single year you have the opportunity to say, Hey, Danny, hey freedom, I would like to go ahead and give you notice that I would like to get my funds back. And so that gives us enough notice be able to plan for those funds to come back to you principal plus interest. And then every year, if you choose not to ask for your funds back, it auto renews for a total of five years. I believe it is. You'll have to look at the documents just to confirm everything that I'm saying, because what I'm speaking to is our freedom note program, which is what this was built off of, because it was so popular. When given investment opportunities, everybody was just like, I want to go into those freedom notes. I like those because it gave them peace of mind, the ability to take out their cash if they needed it, but allowed for a compound or fast growth and a long term investment if they felt that was right as well. Keith Weinhold 39:47 Okay, this freedom note program either the income series or the growth series, but we're talking about rates of return here. What's interesting is we're in a period where federal funds rate drops are. Anticipated when that happens, the return on your savings account does fall by that amount. However, these funds don't. That is correct. Yes, we're talking about, again, these funds that are backed by needs based real estate, like senior housing, workforce apartments and self storage demand that stays steady, even in downturns. And I know that you have an investor story as well. Tell us about that. Dani-Lynn Robison 40:28 Yeah. So we have so many investor stories, and you can actually see the videos and audios on our website, and I encourage you to go check them out. But we like to call this investor story Jane, because we've heard the story so often that we call her Jane. So this is really the investors who have been investing with us as private money lenders and turnkey investors. And there they realize that number one, the in and out of investments. As a private money lender means that they always have this capital sitting and earning nothing at some point in time. And the turnkey investors, they think it's passive. And then they realize, oh gosh, there are tenant issues. I do have to, you know, manage this, the property management company. I do have to double check all the financials. I do have to approve a tenant or approve repairs, and it ends up being a little bit more work, and sometimes a lot more work than they ever anticipated. Those investors in particular, are the ones that love working with us the most, because suddenly what they thought was freedom going into the investment opportunity turned out to be a little bit different than they anticipated. And so they're like, I'm so thankful to finally, you know, be in an investment with a company that I trust, but that can be there, give me liquidity options, give me a good return, but it's 100% passive. So we call that investor Jane, because we just hear this story over and over and over Speaker 2 41:45 before I ask about how our listeners can learn more about this, if it might interest them. Is there any last thing that you want to tell the audience? Maybe something that I didn't think about asking you? Dani-Lynn Robison 41:57 That's a great question. The here's the thing that I always like to say, when you're investing with somebody, I think it's important to ask about the worst thing that's happened, what they did, how their investor was treated, what was the financial outcome? I think those questions are people don't think to ask that. Like, when you get on the phone with somebody, everybody's gonna tell you the rosy stories and all the good things, and this is why you should invest. And they're not going to go down the road of like, what happened, like, what are the bad things? Because every business and every real estate investor experiences bad things. So finding out the character of the person, I think, is how you find out is by asking what happened in that worst case scenario. So I think that's a really great question to ask, and you can ask us anytime I transparently tell my horror stories all the time, and just always in saying how important our long term investors are with us. Keith Weinhold 42:46 It's just like the title of your book. Get real. If you don't have a messy story to tell, you probably haven't been in business for very long. Are there any fees in order for one to get started? Dani-Lynn Robison 42:58 No, there are no fees. That's another investor feedback piece is the confusion. It's like they want to invest, but they're so confused by investment opportunities and what they're really making. So when you invest with us, the return that we tell you you're going to get is actually the return that you're going to get. So whether it's, you know, 8% 9% 10% whatever that is, that's the return you'll get. If there's any fees in, uh, within the fund itself, there's none in the freedom notes program. If there's any fees within the fund itself, it comes from the actual underlying properties, not from investor returns. Keith Weinhold 43:31 Well, it doesn't take very much documentation in order to get started. This could really help you make more of the funds that you want to keep more liquid as fast as 90 day liquidity. Danny, tell our audience how they can get started, and if they just want to learn more about this to see if it's right for them, Dani-Lynn Robison 43:50 we have done something super special this time. I think I've been on your podcast probably four or five times. Now this time, I'm going to tell you to go to freedom, family investments.com. Forward, slash, G, R, E, so it stands for get rich, education, so freedom, family, investments.com. Forward, slash GRE, what we've done this time is we're really tailoring what we do to Keith, because this relationship has just been such a great relationship we've had over time that we want to make sure that the investors that come in from your audience are just they rise to the top for our Investor Relations team so that anything that you need, we're just right there for you. We've got an investor concierge, and we're just doing as much as possible to make sure that you guys are prioritized. Speaker 2 44:30 Yeah, feel free to let them know that you learned about this through me, you'll get the VIP treatment. Danny, thanks for being such a responsible custodian of my own funds. For years, it's been great having you back on the show. Dani-Lynn Robison 44:42 Thank you so much, Keith. Keith Weinhold 44:50 Look the key to most anything in business or investing is for you to provide something that's of value to someone. Else. Look for something that makes somebody else money, and then go get a piece of that for yourself. And because this is where I park my own funds for liquidity, I do need something that I can count on, recession resilient needs based real estate assets that people rely on in every economic cycle. So this is backed by, frankly, pretty plain things, with durable demand, limited supply and strong demographic tailwinds. And again, those four underlying assets are multifamily housing, senior housing, build to rent, which are new single family rental communities and self storage, which is something proven to hold up even in recessions. And what makes these funds from Freedom family investments different is that, like we said, they have third party financial eyes on them, and the control is there because the funds are invested in their own companies, and now there's no such thing as a zero risk investment or even a 100% passive investment, but this is about as close to real estate passivity as you can get. There's more of that than there is with direct ownership of turnkey real estate, they'd surveyed investors to find out what they want. That's why you can choose from again, Freedom family investments either their income series, which has eight to 10% returns, but it can be up to 12% at higher investment amounts, you get quarterly distributions, or their other is their growth series, 10 to 14% returns, but it can be up to 16% at higher investment amounts, with the option to have your funds back annually. These are fixed rates of return and a declining interest rate environment like we're in now. Cannot touch those rates of return, I think, for someone that's not in real estate and doesn't understand how real estate pays, five ways, they might find it unusual that an investment can reliably return more than 10% like this. But those that are initiated, they get it. It's pretty simple. I mean, you are going to increase your income $10,000 per year if you invest 100k at a 10% return. If you'd like to learn more and see if it's right for you, it's been made pretty easy. You can do that one of two ways. Text family to 66 866, just text the word family to 66866, yes. This is how you can, rather than a landlord, be a lend Lord with the liquid component of your investments. So you can learn more about freedom family investments, just visit freedom family investments.com/gre. That's freedom, family investments.com/gre, until next week, I'm your host. Keith Weinhold, don't quit your Daydream. Speaker 3 48:13 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively. Keith Weinhold 48:37 You know, whenever you want the best written real estate and finance info. Oh, geez, today's experience limits your free articles access and it's got paywalls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you'll also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now just text. Gre 266, 866. While it's on your mind, take a moment to do it right now. Text, gre 266, 866, Speaker 2 49:53 The preceding program was brought to you by your home

MBA Wire Taps 448: Naval Academy graduate. Mexico to Canada, or Tuck. Fourteen-month break.

Play Episode Listen Later Sep 22, 2025 42:07

In this week's MBA Admissions podcast we began by discussing the upcoming MBA admissions season. This week, Dartmouth / Tuck, IESE and Imperial Business School have their Round 1 application deadlines; Duke / Fuqua is scheduled to release its interview invites for its Early Action Round. Graham noted that our second livestream AMA is scheduled for this Tuesday on YouTube; here's the link to Clear Admit's YouTube channel: https://bit.ly/cayoutubelive. Graham then highlighted the ongoing September series of admissions events. The third session is on Wednesday, and includes Berkeley / Haas, INSEAD, London Business School, Michigan / Ross and UNC / Kenan / Flagler. Signups for this series are here: https://bit.ly/cainsidemba We then had a detailed discussion on the recently released 2025-26 MBA rankings from LinkedIn and Bloomberg / Business Week. Graham noted two recently published MBA admissions-related tips that focus on completing the business school application data forms, and whether it is advisable to skip the GMAT or GRE and seek a test waiver. We continued our series of profiling star MBA professors. This week we feature two professors from Columbia Business School and Northwestern / Kellogg. We then discussed our first student-focused Real Humans for this season, from UNC / Kenan Flagler. Finally, we had our first class profile to review, from the Duke / Fuqua Class of 2027. For this week, for the candidate profile review portion of the show, Alex selected three ApplyWire entries: This week's first MBA admissions candidate graduated from the Naval Academy and was a division 1 athlete. They appear to have a very decent career in the navy. Unfortunately, they have a low GPA and a modest GRE score. This week's second MBA candidate is from Mexico and targeting Dartmouth / Tuck and several Canada-based programs. They are a chemical engineer graduate with several years of business experience. The final MBA candidate has recently had a fourteen-month break from work. They also want to waive the GMAT. They do appear to have strong prior experience and academics, but we caution against the waiver. This episode was recorded in Paris, France and Cornwall, England. It was produced and engineered by the fabulous Dennis Crowley in Philadelphia, USA. Thanks to all of you who've been joining us and please remember to rate and review this show wherever you listen!

571: Trump's Takeover of the Fed Will Unleash a Wealth Bonanza and a Dollar Crash with Richard Duncan