Podcasts about Great Depression

We begin this week in  1970's Sardinia, where a quiet, deeply devout teenage girl began to wake up every night at exactly 3:00 a.m., convinced something terrible was standing next to her bed… watching her… and waiting to enter her. Then we head to Christmas Day, 1929, when a well-liked North Carolina farmer committed the unspeakable. Has it spawned paranormal activity? Then we find ourselves visiting the same house, ten years apart, both times the home is for sale and empty... or is it? Lastly, a sweet, sad and comforting tale of a couple so deeply connected, not even death can keep them apart. Do you want to get all of our episodes a WEEK early, ad free? Want to help us support amazing charities? Join us on Patreon!Want to be a Patron? Get episodes AD-FREE, listen and watch before they are released to anyone else, bonus episodes, a 20% merch discount, additional content, and more! Learn more by visiting: https://www.patreon.com/scaredtodeathpodcast.Send stories to mystory@scaredtodeathpodcast.comSend everything else to info@scaredtodeathpodcast.comPlease rate, review, and subscribe anywhere you listen.Thank you for listening!Follow the show on social media: @scaredtodeathpodcast on Facebook and IG and TTWebsite: https://www.badmagicproductions.com/Facebook: https://www.facebook.com/scaredtodeathpodcastInstagram: https://bit.ly/2miPLf5Mailing Address:Scared to Deathc/o Timesuck PodcastPO Box 3891Coeur d'Alene, ID 83816Opening Sumerian protection spell (adapted):"Whether thou art a ghost that hath come from the earth, or a phantom of night that hath no home… or one that lieth dead in the desert… or a ghost unburied… or a demon or a ghoul… Whatever thou be until thou art removed… thou shalt find here no water to drink… Thou shalt not stretch forth thy hand to our own… Into our house enter thou not. Through our fence, breakthrough thou not… we are protected though we may be frightened. Our life you may not steal, though we may feel SCARED TO DEATH." Subscribe to SiriusXM Podcasts+ to listen to new episodes of Scared to Death ad-free and a whole week early. Start a free trial now on Apple Podcasts or by visiting siriusxm.com/podcastsplus. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

0:30 - Bear Down 11:05 - MLK Day 36:38 - Protesters disrupt service at Minnesota church 54:44 - Noem vs. Brennan 01:14:51 - Justin Logan of the Cato Institute argues the smartest U.S. strategy on Greenland is the path of least resistance. Follow Justin on X @JustinTLogan 01:34:02 - The trees planted by the water are back...at Target 01:51:43 - Amity Shlaes, board chair of the Calvin Coolidge Presidential Foundation & winner of the Hayek Prize: Oil: Venezuela’s Problem. Amity is also the best selling author of The Forgotten Man: A New History of the Great Depression and Great Society: A New History 02:10:34 - Resident Fellow in Law and Policy at the Center for Immigration Studies Andrew R. Arthur asks Is a ‘Civil War’ Brewing in Minnesota over Immigration? For more on the Center for Immigration Studies visit cis.orgSee omnystudio.com/listener for privacy information.

An expansive policy blueprint for meaningfully expanding the middle class for the first time in a century The US middle class was a product of state and federal policies enacted in the wake of the Great Depression. But since the 1980s, lawmakers have undermined what they once built, shredding the social safety net and instituting laws that virtually guarantee downward mobility for all but the most privileged. How can we restore what has been lost? Rigorous and highly readable, The Middle-Class New Deal: Restoring Upward Mobility and the American Dream (U California Press, 2026) breaks down the policies that have decimated working families and proposes reforms to reverse this trend. As Mechele Dickerson shows, part of the problem is that politicians disingenuously conflate the middle class with the "White lower rich." Such propaganda hides how state and federal lawmakers consistently favor education, labor, housing, and consumer-credit laws that erode the bank accounts of lower- and middle-income people--especially those who are not White and don't have college degrees. Weaving together the latest research with the personal stories of Americans struggling to make ends meet, Dickerson provides a clarion call for political leaders to enact a bold agenda like the one that created the middle class almost a century ago. A. Mechele Dickerson is the Arthur L. Moller Chair in Bankruptcy and Practice and University Distinguished Teaching Professor at University of Texas School of Law. Professor Dickerson is a nationally recognized scholar on financial vulnerability, consumer debt, housing affordability, and racial and economic disparities. She regularly teaches Remedies and Federal Civil Procedure at the School of Law, has taught a class on civil procedural disputes that arose between the two Trump presidencies, and has taught numerous cross-listed interdisciplinary graduate-level courses on the American middle-class and the COVID pandemic. She is also the author of Homeownership and America's Financial Underclass: Flawed Premises, Broken Promises, New Prescriptions. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

An expansive policy blueprint for meaningfully expanding the middle class for the first time in a century The US middle class was a product of state and federal policies enacted in the wake of the Great Depression. But since the 1980s, lawmakers have undermined what they once built, shredding the social safety net and instituting laws that virtually guarantee downward mobility for all but the most privileged. How can we restore what has been lost? Rigorous and highly readable, The Middle-Class New Deal: Restoring Upward Mobility and the American Dream (U California Press, 2026) breaks down the policies that have decimated working families and proposes reforms to reverse this trend. As Mechele Dickerson shows, part of the problem is that politicians disingenuously conflate the middle class with the "White lower rich." Such propaganda hides how state and federal lawmakers consistently favor education, labor, housing, and consumer-credit laws that erode the bank accounts of lower- and middle-income people--especially those who are not White and don't have college degrees. Weaving together the latest research with the personal stories of Americans struggling to make ends meet, Dickerson provides a clarion call for political leaders to enact a bold agenda like the one that created the middle class almost a century ago. A. Mechele Dickerson is the Arthur L. Moller Chair in Bankruptcy and Practice and University Distinguished Teaching Professor at University of Texas School of Law. Professor Dickerson is a nationally recognized scholar on financial vulnerability, consumer debt, housing affordability, and racial and economic disparities. She regularly teaches Remedies and Federal Civil Procedure at the School of Law, has taught a class on civil procedural disputes that arose between the two Trump presidencies, and has taught numerous cross-listed interdisciplinary graduate-level courses on the American middle-class and the COVID pandemic. She is also the author of Homeownership and America's Financial Underclass: Flawed Premises, Broken Promises, New Prescriptions. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

The Federal Reserve is one of the most powerful institutions in America, yet most people don't fully understand how it works or why it matters.In this weekend deep dive, Zaid breaks down why the Fed was created, how it evolved into the backbone of the U.S. financial system, and the critical role it has played during the Great Depression, World War II, the 2008 financial crisis, and the COVID-19 pandemic.The episode also dives into the escalating clash between President Trump and Fed Chair Jerome Powell, why Trump wants lower interest rates, and why the Fed's independence is now facing one of its biggest tests in decades.From bank runs and inflation to political pressure and market credibility, this episode explains why the future of the Fed could shape the future of the economy.If you enjoyed this episode, check out my interview with finance journalist and author of the bestseller book 1929, Andrew Ross Sorkin. Watch here.

An expansive policy blueprint for meaningfully expanding the middle class for the first time in a century The US middle class was a product of state and federal policies enacted in the wake of the Great Depression. But since the 1980s, lawmakers have undermined what they once built, shredding the social safety net and instituting laws that virtually guarantee downward mobility for all but the most privileged. How can we restore what has been lost? Rigorous and highly readable, The Middle-Class New Deal: Restoring Upward Mobility and the American Dream (U California Press, 2026) breaks down the policies that have decimated working families and proposes reforms to reverse this trend. As Mechele Dickerson shows, part of the problem is that politicians disingenuously conflate the middle class with the "White lower rich." Such propaganda hides how state and federal lawmakers consistently favor education, labor, housing, and consumer-credit laws that erode the bank accounts of lower- and middle-income people--especially those who are not White and don't have college degrees. Weaving together the latest research with the personal stories of Americans struggling to make ends meet, Dickerson provides a clarion call for political leaders to enact a bold agenda like the one that created the middle class almost a century ago. A. Mechele Dickerson is the Arthur L. Moller Chair in Bankruptcy and Practice and University Distinguished Teaching Professor at University of Texas School of Law. Professor Dickerson is a nationally recognized scholar on financial vulnerability, consumer debt, housing affordability, and racial and economic disparities. She regularly teaches Remedies and Federal Civil Procedure at the School of Law, has taught a class on civil procedural disputes that arose between the two Trump presidencies, and has taught numerous cross-listed interdisciplinary graduate-level courses on the American middle-class and the COVID pandemic. She is also the author of Homeownership and America's Financial Underclass: Flawed Premises, Broken Promises, New Prescriptions. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/american-studies

Dan takes us to downtown Dallas, across from Union Station, to an old hotel that's changed names so many times it's like it keeps trying to hide from its past. Room 1009 doesn't seem to care what the hotel is called, though. Stories of encounters with its ghosts remain unchanged. The room allegedly has a long, sordid history of murders and suspicious deaths tied to it. Then we explore the lore of the elegant Adolphous Hotel. It's been collecting tragedy since the first month it opened. On the nineteenth floor, guests still report hearing a woman sobbing like her heart is breaking in real time. Lynze starts off with a possible Grim Reaper sighting on the night of a confirmed death. Then, we head to Key West AKA Bone Island, for a ghost tour with an actual ghost. Lastly, on a long drive home after a long week of work, a man encounters someone who seems to have wandered out of their final resting place. Do you want to get all of our episodes a WEEK early, ad free? Want to help us support amazing charities? Join us on Patreon!Want to be a Patron? Get episodes AD-FREE, listen and watch before they are released to anyone else, bonus episodes, a 20% merch discount, additional content, and more! Learn more by visiting: https://www.patreon.com/scaredtodeathpodcast.Send stories to mystory@scaredtodeathpodcast.comSend everything else to info@scaredtodeathpodcast.comPlease rate, review, and subscribe anywhere you listen.Thank you for listening!Follow the show on social media: @scaredtodeathpodcast on Facebook and IG and TTWebsite: https://www.badmagicproductions.com/Facebook: https://www.facebook.com/scaredtodeathpodcastInstagram: https://bit.ly/2miPLf5Mailing Address:Scared to Deathc/o Timesuck PodcastPO Box 3891Coeur d'Alene, ID 83816Opening Sumerian protection spell (adapted):"Whether thou art a ghost that hath come from the earth, or a phantom of night that hath no home… or one that lieth dead in the desert… or a ghost unburied… or a demon or a ghoul… Whatever thou be until thou art removed… thou shalt find here no water to drink… Thou shalt not stretch forth thy hand to our own… Into our house enter thou not. Through our fence, breakthrough thou not… we are protected though we may be frightened. Our life you may not steal, though we may feel SCARED TO DEATH." Subscribe to SiriusXM Podcasts+ to listen to new episodes of Scared to Death ad-free and a whole week early. Start a free trial now on Apple Podcasts or by visiting siriusxm.com/podcastsplus. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Fan Jan rolls on here at @wedrinkandwewatchthings, and this week we're answering a massive listener request by hopping a freight train into the Great Depression-era South with the Coen Brothers' 2000 masterpiece, O Brother, Where Art Thou? Mix yourself a  R-U-N-N-O-F-T by @crft.wrld because we are joining the chain-gang escapees on their quest for buried treasure and, more importantly, some Dapper Dan hair grease.This week, we trace the brilliant parallels between this folk-tale odyssey and Homer's epic poem, looking at how Everett, Pete, and Delmar navigate sirens, a cyclops, and one very charismatic blind prophet. We appreciate the Grammy-winning, T-Bone Burnett-produced soundtrack that single-handedly revitalized bluegrass and old-timey music, and we marvel at George Clooney's pitch-perfect comedic performance as the fast-talking Ulysses Everett McGill. We also spend some time admiring Roger Deakins' groundbreaking, sepia-tinted cinematography that gives the whole film the warm, dusty feel of a living postcard from a bygone era.If you're a fan of quirky Coen Brothers humor, legendary soundtracks, or just want to hear us debate which of the three protagonists we'd actually trust to lead us to safety, this episode is a "bonafide" treat. We're blending our love for this cinematic treasure with our usual casual banter, making this one of our most harmonious Fan Jan entries yet. Come on in, the water's fine!This episode VIDEO is live on YouTube AND Spotify!Follow us on Instagram and TikTok to get ep sneak peaks and find out what's coming next. DM us what you want to hear about next or email us at wedrinkandwewatchthingspod@gmail.com.

Surviving Consolidation, One Pig at a TimeGreg Gunthorp, a fourth-generation Indiana hog farmer, joins Nate for a wide-ranging conversation about survival, stubbornness, and adaptation in the American meat industry.Greg grew up raising pigs on pasture as part of a diversified family farm, using livestock as a tool to care for the land and keep the operation afloat. But by the early 1990s, the writing was on the wall. In 1994, Greg's father, Theodore, told him that the era of the independent hog farmer was over. Greg didn't accept it. Determined not to be the last Gunthorp to raise pigs, he bought the sow herd from his father and struck out on his own on 65 acres just down the road.Then the market collapsed. By 1998, Greg was selling pigs for less than what his great-grandfather had earned during the Great Depression. Walking away would have made sense, but instead, a chance conversation after a conference changed everything. Someone suggested he call a Chicago restaurant that was buying whole hogs. Greg picked up the phone, not knowing who Charlie Trotter was. “Bring me a pig,” the chef said. That delivery, into one of the most celebrated restaurants in the world, marked Greg's entry into foodservice and a niche that would keep the farm alive.As farm-to-table gained momentum in the late '90s and early 2000s, Gunthorp Farm grew rapidly, at times doubling year over year. Greg talks about what that growth felt like, and why it eventually slowed as larger brands entered the space and redefined what “farm-to-table” meant. “The big guys woke up,” he says. “Most of it comes from them now.”The pandemic brought another shock, especially as downtown Chicago restaurants shut down and office workers disappeared. Greg speaks candidly about the fragility of restaurant-driven farm businesses, thin margins, and how quickly demand can vanish. Throughout the conversation, adaptation is the throughline. From expanding into poultry, sheep, and on-farm processing, to developing fully cooked products and partnering with other farmers, Greg shares how flexibility, and a refusal to quit, has sustained the operation. Today, Greg, his wife Lei, and son Evan farm 240 acres with a growing team, raising and processing pigs, poultry, and sheep using practices rooted in past generations and refined with modern tools.This episode is an unvarnished look at modern meat production, the limits of food trends, and what it really takes to keep farming on your own terms when the odds aren't in your favor.You can find Greg at Gunthorp Farms, a family-run pasture-based livestock and USDA-inspected meat processing farm in LaGrange County, Indiana.https://gunthorpfarms.com/

Since 1915, the Society of American Graphic Artists (SAGA) has survived world wars, the Great Depression, and the digital revolution by doing one thing: keeping the press rolling. In this episode of Platemark, we're going behind the scenes of the cornerstone of American printmaking with three powerhouses who have steered the ship—Diego Briceno, DeAnn Prosia, and Esther Schwalb.  We dive into SAGA's gritty 110-year evolution, from its origins as a Brooklyn etching club to its current status as a national titan championing inclusivity and technical mastery. Discover the secrets behind their longevity, the "radical community" that supports artists for a $75 annual membership, and why this legacy is more vibrant today than ever before. Plus, don't miss the SAGA 90th Annual Exhibition, Ink and Impressions, on view at the Housatonic Museum of Art now through February 16, 2026. Show me the images !!  https://sagaprints.com/  SAGA members images through the years.

How will demographics affect commercial real estate investing? How will changes in generational characteristics affect opportunities in US property markets? Neil Howe is an author of The Fourth Turning and The Fourth Turning is Here. An expert in generational demographics who is credited as one of the coiners of the term “millennial”, Howe discusses the cycles of history and their implications for cross-border investors in this wide-ranging conversation with AFIRE CEO Gunnar Branson. LINKS To hear the globe's top experts discuss opportunities in US property markets, register for future AFIRE conferences: Winter Conference 2026 in Washington, DC https://www.afire.org/events/wc2026/ Summer Conference 2026 in Tokyo https://www.afire.org/events/tokyo26/ Watch Neil Howe's POV https://youtu.be/qFm_tFmgBj8 Recent Neil Howe books include: The Fourth Turning https://www.amazon.com/s?k=the+fourth+turning The Fourth Turning Is Here https://www.amazon.com/Fourth-Turning-Here-Seasons-History/dp/1982173734/ The thinking behind Howe's theories on the cycles of history: https://en.wikipedia.org/wiki/Strauss%E2%80%93Howe_generational_theory Howe is the managing director of demography at Hedgeye Risk Management: https://app.hedgeye.com/ KEY MOMENTS 00:00 – How demographics is one of the most powerful factors for investors. 00:54 – Who is Neil Howe? 01:25 – Why is Neil Howe thinking about Investing and future casting? 02:35 – Can the meaning of being 60 change over time? 02:57 – What are the origins of generational demography? 04:02 – Did we overestimate long-term care this decade? 05:05 – Will home-oriented care redefine the future of healthcare? 06:28 – Could Gen X be America's next leadership generation? 07:55 – Do crises reform the cycles of American history? 08:20 – Are infrastructure-related investments shaped by dark periods? 09:06 – How did the Great Depression and WWII shape generations? 14:25 – Are we entering a new era of anti-globalization? 16:37 – Are we entering the Fourth Turning now? 17:12 – Are nations hoarding resources to prepare for crisis? 18:32 – What are the hallmarks of the late Fourth Turning? 21:55 – How can real estate investors respond to rising inflation? 22:47 – Can inflation be controlled in a de-globalizing world? 23:07 – Why can't we effectively tackle inflation politically? 24:53 – Is winning the US election now more important than governance? 25:50 – Are voters settling for “not the other guy”? 26:10 – What steps lead to renewed community today? 27:07 – Can understanding history guide today's investments? 29:15 – Why does Southern migration keep accelerating? 32:09 – Are rising risks changing Sun Belt investments? 35:45 – Can old lake cities thrive again? 36:30 – Is the lack of public education a deal-breaker for families? 39:23 – Are pension costs the hidden urban challenge? 40:46 – What's driving rural decline but urban stability? 44:54 – How does age influence where people choose to live? 50:41 – Are we building the right types of housing for today?

In Seven Crashes: The Economic Crises That Shaped Globalization (Yale UP, 2023), distinguished economic historian Harold James offers a fresh perspective on the past two centuries of globalization and the pivotal moments that shaped it. James analyzes seven major economic crises that occurred over this period, including the late 1840s, the simultaneous stock market shocks of 1873, the First World War years, the Great Depression era, the 1970s, the Global Financial Crisis of 2007-2008, and most recently the Covid-19 crisis. Through his insightful analysis, he illustrates how some of these crises contributed to increased cross-border integration of labor, goods, and capital markets, while others resulted in significant deglobalization. James classifies the crises into two categories: those caused by shortages and those driven by demand. He explains how shortages have led to greater globalization as markets expanded and producers innovated to increase supply, as evidenced by events such as the First World War and the oil shocks of the 1970s. In contrast, demand-driven crises, such as those that caused the Great Depression and the Global Financial Crisis of 2007-2008, have typically led to international trade contraction and decreased globalization, often accompanied by widespread skepticism of governments. To support his findings, James examines the writings of key observers who shaped our understanding of each crisis, including Karl Marx in 1848, Stanley Jevons, Léon Walras, and Carl Menger in the 1870s, German Treasury Secretary Karl Helfferich in the First World War, John Maynard Keynes in the Great Depression, Milton Friedman and Friedrich Hayek in the 1970s, Ben Bernanke in 2008, and Larry Summers and Raj Chetty in 2020. Overall, James' work provides an insightful and thought-provoking analysis of the relationship between economic crises and globalization over the past two centuries, and sheds light on the potential trajectory of future economic developments. Javier Mejia is an economist at Stanford University who specializes in the intersection of social networks and economic history. His research interests also include entrepreneurship and political economy, with a particular focus on Latin America and the Middle East. He holds a Ph.D. in Economics from Los Andes University. Mejia has previously been a Postdoctoral Associate and Lecturer at New York University-Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is also a frequent contributor to various news outlets, currently serving as an op-ed columnist for Forbes Magazine. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/world-affairs

In Seven Crashes: The Economic Crises That Shaped Globalization (Yale UP, 2023), distinguished economic historian Harold James offers a fresh perspective on the past two centuries of globalization and the pivotal moments that shaped it. James analyzes seven major economic crises that occurred over this period, including the late 1840s, the simultaneous stock market shocks of 1873, the First World War years, the Great Depression era, the 1970s, the Global Financial Crisis of 2007-2008, and most recently the Covid-19 crisis. Through his insightful analysis, he illustrates how some of these crises contributed to increased cross-border integration of labor, goods, and capital markets, while others resulted in significant deglobalization. James classifies the crises into two categories: those caused by shortages and those driven by demand. He explains how shortages have led to greater globalization as markets expanded and producers innovated to increase supply, as evidenced by events such as the First World War and the oil shocks of the 1970s. In contrast, demand-driven crises, such as those that caused the Great Depression and the Global Financial Crisis of 2007-2008, have typically led to international trade contraction and decreased globalization, often accompanied by widespread skepticism of governments. To support his findings, James examines the writings of key observers who shaped our understanding of each crisis, including Karl Marx in 1848, Stanley Jevons, Léon Walras, and Carl Menger in the 1870s, German Treasury Secretary Karl Helfferich in the First World War, John Maynard Keynes in the Great Depression, Milton Friedman and Friedrich Hayek in the 1970s, Ben Bernanke in 2008, and Larry Summers and Raj Chetty in 2020. Overall, James' work provides an insightful and thought-provoking analysis of the relationship between economic crises and globalization over the past two centuries, and sheds light on the potential trajectory of future economic developments. Javier Mejia is an economist at Stanford University who specializes in the intersection of social networks and economic history. His research interests also include entrepreneurship and political economy, with a particular focus on Latin America and the Middle East. He holds a Ph.D. in Economics from Los Andes University. Mejia has previously been a Postdoctoral Associate and Lecturer at New York University-Abu Dhabi and a Visiting Scholar at the University of Bordeaux. He is also a frequent contributor to various news outlets, currently serving as an op-ed columnist for Forbes Magazine. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

This episode is a once-in-a-lifetime conversation with Fred Haise — Apollo 13 astronaut and Biloxi, Mississippi native. Fred joins Brown Water Banter to talk about growing up on the Mississippi Gulf Coast during the Great Depression, fishing and crabbing off the seawall, working as a newspaper boy in Biloxi, and how a kid from a small seafood town ended up in the space program. We dive deep into Fred's journey from journalism to the military, becoming a test pilot, and eventually being selected by NASA. Fred walks us through the intense training process for Apollo missions, what it was like preparing for spaceflight, and how incremental testing and preparation shaped NASA's approach to risk. This episode isn't just about space — it's about discipline, curiosity, service, and how life on the Gulf Coast helped shape one of the men who survived one of the most famous missions in human history. An incredible story from a true American legend. Watch the full episode now on YouTube ⬇️ https://youtube.com/live/uC-ophFMbFU?feature=share Also big thanks to Southern Magnolia Smiles, Forever Young Men's and Women Health, and Taylor and Cox Law Firm,  for the support!  Want to be a part of the pelican gang? Check out our merch Here.  Download our free app: Apple: Here Android: Here All our links: https://linktr.ee/brownwaterbanter

In this week's Short Suck, we head back to the 1930s, when milk wasn't just one of many beverages  - it was survival, income, and power. As the Great Depression crushed farmers, workers, and cities alike, a perishable staple sparked riots, bombings, deadly shootings, and even Mafia involvement across the Midwest. This is the forgotten history of the Milk Wars,  when America went to war... over cow juice.For Merch and everything else Bad Magic related, head to: https://www.badmagicproductions.com Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this interview recap, Lesley and Brad explore June Suepunpuck's insights on joy, identity, and the courage it takes to pause and reassess the life you're living. They reflect on career versus calling, destination addiction, and the role grief plays in meaningful transformation. This episode is a reminder that sustainable joy grows from self-awareness—and the willingness to be honest with yourself.If you have any questions about this episode or want to get some of the resources we mentioned, head over to LesleyLogan.co/podcast https://lesleylogan.co/podcast/. If you have any comments or questions about the Be It pod shoot us a message at beit@lesleylogan.co mailto:beit@lesleylogan.co. And as always, if you're enjoying the show please share it with someone who you think would enjoy it as well. It is your continued support that will help us continue to help others. Thank you so much! Never miss another show by subscribing at LesleyLogan.co/subscribe https://lesleylogan.co/podcast/#follow-subscribe-free.In this episode you will learn about:Understanding the why behind the dream and its impact on fulfillment.The difference between building a career and honoring a calling.Why addressing grief is a necessary part of finding real joy.How to identify one good thing about today even when you're struggling.How to actively question whether the life you are living brings you joy.Episode References/Links:Pilates Journal Expo - https://xxll.co/pilatesjournalCambodia Retreat Waitlist - https://crowsnestretreats.comAgency Mini - https://prfit.biz/miniContrology Pilates Conference in Poland - https://xxll.co/polandContrology Pilates Conference in Brussels - https://xxll.co/brusselsPOT in London - https://xxll.co/potHow To Find Joy Podcast - https://howtofindjoy.buzzsprout.comJune Suepunpuck's Website - https://www.joyguidejune.comSubmit your wins or questions - https://beitpod.com/questionsOnline Pilates Classes on Youtube - https://www.youtube.com/@OnlinePilatesClassesEpisode 559: David Corbin - https://beitpod.com/ep559 If you enjoyed this episode, make sure and give us a five star rating and leave us a review on iTunes, Podcast Addict, Podchaser or Castbox. https://lovethepodcast.com/BITYSIDEALS! 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DEALS! https://onlinepilatesclasses.com/memberships/perks/#equipmentCheck out all our Preferred Vendors & Special Deals from Clair Sparrow, Sensate, Lyfefuel BeeKeeper's Naturals, Sauna Space, HigherDose, AG1 and ToeSox https://onlinepilatesclasses.com/memberships/perks/#equipmentBe in the know with all the workshops at OPC https://workshops.onlinepilatesclasses.com/lp-workshop-waitlistBe It Till You See It Podcast Survey https://pod.lesleylogan.co/be-it-podcasts-surveyBe a part of Lesley's Pilates Mentorship https://lesleylogan.co/elevate/FREE Ditching Busy Webinar https://ditchingbusy.com/Resources:Watch the Be It Till You See It podcast on YouTube! https://www.youtube.com/channel/UCq08HES7xLMvVa3Fy5DR8-gLesley Logan website https://lesleylogan.co/Be It Till You See It Podcast https://lesleylogan.co/podcast/Online Pilates Classes by Lesley Logan https://onlinepilatesclasses.com/Online Pilates Classes by Lesley Logan on YouTube https://www.youtube.com/channel/UCjogqXLnfyhS5VlU4rdzlnQProfitable Pilates https://profitablepilates.com/about/Follow Us on Social Media:Instagram https://www.instagram.com/lesley.logan/The Be It Till You See It Podcast YouTube channel https://www.youtube.com/channel/UCq08HES7xLMvVa3Fy5DR8-gFacebook https://www.facebook.com/llogan.pilatesLinkedIn https://www.linkedin.com/in/lesley-logan/The OPC YouTube Channel https://www.youtube.com/@OnlinePilatesClasses Episode Transcript:Lesley Logan 0:00  You learn from what you did, and you do better the next time. And we have to allow for that, and we can't be so afraid of people who could take advantage on either side that we don't do anything at all. Lesley Logan 0:11  Welcome to the Be It Till You See It podcast where we talk about taking messy action, knowing that perfect is boring. I'm Lesley Logan, Pilates instructor and fitness business coach. I've trained thousands of people around the world and the number one thing I see stopping people from achieving anything is self-doubt. My friends, action brings clarity and it's the antidote to fear. Each week, my guest will bring bold, executable, intrinsic and targeted steps that you can use to put yourself first and Be It Till You See It. It's a practice, not a perfect. Let's get started. Lesley Logan 0:50  Welcome back to the Be It Till You See It interview recap where my co-host in life, Brad, and I are going to dig into the delightful convo I had with June Suepunpuck in our last episode. If you haven't yet listened to that interview, feel free to pause us now go back and listen to that one. Brad was obsessed with it. He interrupted my work three times a day to tell me how much he appreciated it. So you should go listen to it and then come back and join us, or keep listening and then go listen to that one. Lesley Logan 1:15  Today is January 8th 2026, and it's War on Poverty Day. Brad Crowell 1:20  War on Poverty Day. Lesley Logan 1:21  Okay, ready for it. Annually, on January 8th, we reflect on the impact of the legislation first introduced in 1964 by President Lyndon B. Johnson that collectively expanded economic opportunity through anti poverty, health, education, employment policies. I mean, we can't cosign on this more, I think. Lyndon B. Johnson's War on Poverty was primarily established by the Economic Opportunity Act of 1964.Brad Crowell 1:46  This is a this is a bit nerdy here, but there's a reason to give a little (inaudible). So the EOA.Lesley Logan 1:51  We're gonna rant in a second with some of you like that. But we got to get you on the same page with us. So created the Office of the EO,Brad Crowell 1:59  the Office of Economic Opportunity. So the EOA was the Act created the OEO. So the Office of Economic Opportunity. Lesley Logan 2:07  I guess I thought it was in a office of, like, OEC, but anyways, I don't know what I'm talking about. So I could never work in government, because I get confused with the letters real quick. So Office of Economic Opportunity, OEO, that's like a song, oh, e, o, oh. Anyways, to oversee new programs, I did not take my focus meds today. Key initiatives include the job corpse head. Key initiatives included the Job Corps, Head Start and community action programs, along with funding for vocational training, college work study and local development. Subsequent legislation and programs expanded on this foundation, including the permanent Food Stamp Act of 1964 and the passage of Medicare and Medicaid in 1965.Brad Crowell 2:31  Yeah, so it's possible that you might have heard of the Job Corps. You probably heard of Head Start. You may or may not have heard of community action programs, but you've definitely heard of food stamps, and you've definitely heard of Medicare and Medicaid, right? So all of these came out of LBJ's, War on Poverty program, which included the Economic Opportunity Act of 1964 and.Lesley Logan 3:08  And if you have, if you're not, if you never had experienced like food stamps or Medicare or Medicaid, right? Medicaid is for the babies and Medicare is when you're older, if I'm correct, if you haven't ever had experienced that it might be really easy to not know how people are served by that, how much they're served by it, like, how do they get that? And so if you have any reasons to go, I can't believe they're paying this much on food stamps, I highly educate would educate yourself on how hard people have to work to get these things.Brad Crowell 3:33  Well, we're talking about, we're talking about poverty here. Right? And so, you know, the reality is that it's a it's, it's actually really, really challenging to get out of poverty. Right, 10% of our country currently 11, it's moving up to like 11% or something, is in the place where we would consider them in poverty.Lesley Logan 3:51  Yeah. And if you want to know what that is, I think the US government considers you in poverty if you make under $20,000 as an individual, which, by the way, is $0 like that. How I don't even know where you're living, that you can afford the food at the grocery store and gas and any part of life. So you know, if you are in that place, a lot of people are working full time jobs ending poverty. Brad Crowell 4:15  For a family of four in in the United States in 2025 the Federal Poverty Level is an annual income of $32,150 or less. Lesley Logan 4:24  How do you feed how do you feed four mouths on that amount of money? Brad Crowell 4:24  For the whole year. Lesley Logan 4:24  Yeah, I don't even understand that. Brad Crowell 4:24  Like that's enough for the food. What about. Lesley Logan 4:24  Well. And then we, and then there's these people have the nerve to tell those people, well, they should just eat healthier. How are you affording lettuce and eggs on that amount of money? And then also. Brad Crowell 4:40  You're able to afford a fast food meal because it's $1. Lesley Logan 4:43  Because it's $1. Brad Crowell 4:44  And that's why it's crap.Lesley Logan 4:45  Yeah, so let me just finish our notes, and then we can (inaudible). One definition of poverty is not have enough resources for your basic needs, and it's a huge impact on people's lives in society. It's a huge impact on society. People think all the time like, oh, I don't want to pay for immigrants to have health care. Well, you don't, but you certainly pay when they go to county, when you go to them, they go the hospital, you pay. So, like, we have, we, I actually don't think a country can be rich if you have all.Brad Crowell 5:09  Let's just make a distinction there. We're not paying for, we're not paying for immigrants to have health care, in the sense of, like, are they on insurance going to the doctor. If they go to the emergency room, yes, right, if they go to jail, yeah, we're paying for that, too. Lesley Logan 5:25  And by the way, if you were traveling a different country that happens to have healthcare for all of their people, you also don't pay like my friend, yeah, as a visitor, my friend had an emergency surgery. They fell in the Netherlands in a race, and they did this crazy surgery that would have costed her so much money, no bill. Anyways, that's another day, another day's holiday. So recent studies show that suggests that the poorest states have a poverty rate of up to 18%. I think we can guess what states those are. Poverty can happen to anyone. This is very important. Poverty can happen to anyone, whether it's students who rely on scholarships to claim their right to education, seniors struggling with rising health care costs, or large families struggling to get food on the table. Poverty is a problem that over 40 million Americans are fighting against on a daily basis, and we'll just say as of 2024 we were down to 10.6% from 19% of our country beneath the poverty line in 1964.Brad Crowell 6:18  Yeah, so in 1964 so effectively, like, if you go back and look at the 30s, where there was the Great Depression, they did all of these government programs to help the country, because everything was in the toilet, right? Well, 30 years later, in the 60s, there was a 19% poverty rate, and it was a problem. And so how could they address these problems? They they put into like, that's how LBJ ran on the war on poverty, and he started to implement these things to support the country, right? And it's taken a long time for us to get down to 10% poverty, 10 and a half percent, yeah, you know. And that was what was happening as of last year. And now things are shifting in the wrong direction. Lesley Logan 6:57  Yeah. And there. And also, by the way, we were, we were recording this before the Thanksgiving holiday. And so what we do know is, on January 1st, everyone's healthcare bills are going up. Ours, we are very lucky that ours only went up 3000 for the year, for the two of us.Brad Crowell 7:09  Yeah, it's, well, it's 25%. Ours went up 25%.Lesley Logan 7:12  Yeah, that is insanity. That is insanity. And can we afford it? Sure, we're just gonna invest less in our retirement, I guess. Like, you know, it's not like, it's that money just doesn't come from somewhere. And what I also know is that there are people in certain states that theirs is going up 48%, and some people are making $85,000 a year. Their health insurance is going to cost $44,000 a year. So we're going to see poverty go up. And if we don't start thinking about it as a way that, like, I think that a lot of people think about people taking like they get these things, and they're taking from the government, and that's coming from your tax dollars. But if we don't help people get ahead, they will always be taking in different ways, right? And so your crime will go up. Why? Because people have to sleep and eat and be warm like they just have to. So we have to think of it as a holistic thing. And I really think that I love what LBJ did, and I love that we're honoring this. And I think like we could be doing so much better by now. I feel like if LBJ was alive, I would hope he'd be disappointed that we don't actually have preschool for every child in the US for free, like Head Start in Vegas, my nail tech, it's a lottery. So some of her kids got Head Start, and some of her kids didn't. And she's like, Lesley, I can tell you a difference in my children my kids can read levels above where their greatest and some of them are behind and and she's like, I can't, I can't teach them that that's not something I didn't teach them, that they learned that at school when they got to earlier. So I just think that we could be doing a better job, and especially, like, we should be thinking about people who'd have less than us and not, how do we give them more? Like, yes, any more money, but how do we actually set them up so that they can do other things? They need trainings, they need childcare. They need it to be they need busses to be free, you know, like, there's just different things we can do. So anyways.Brad Crowell 8:58  Yeah, it's that this is this is a tough thing, you know, like, if you look at the I'm not going to keep going, because I could keep going on. But this, this is definitely a challenging thing. I'm, you know, I'm glad that we have attempted to address it over the years. I don't admit, I don't, I can't, I can't convincingly say that we've done an amazing job of the process of doing it, you know, like, but I, but I think the intention is the right intention, and we should be always looking for ways to make it better. Lesley Logan 9:22  And also, I think, you know, that's exactly the right line, like we're just always looking for ways to make it better, you're going to have people who are going to have nefarious acts that they're using the money for or not doing it correctly. You cannot always be thinking only about those people, because they're always a small percentage. You have to be thinking about the greater good. And then when you figure out how people are usurping the system or doing different things. Okay, you make changes.Brad Crowell 9:43  Well, let's, let's talk about this like I think this is important, because there's always going to be someone taking advantage of the system. But I think even defining it as a percentage seems misleading, because I would imagine the numbers are minutes. We're talking 40 million people in the United States are considered poverty line or below. 40 million people. So even if 10,000 people are taking advantage of it, that sounds like a lot of people, but the percentage is microscopic compared to 40 million.Lesley Logan 10:05  Correct. And also, I wasn't even thinking about the people like this is, right, I think people are thinking about the people on food stamps or whatever, like the Reagan years of all that disgusting rhetoric, but I was actually thinking about, like, the companies that are pretending to help people, to get the government money to do these things, I was actually thinking about like, you know, there are people who can say, Oh, I'm going to do these things with this program and get that money, but I think you just you, you learn from what you did, and you do better the next time. And we have to allow for that, and we can't be so afraid of people who could take advantage on either side that we don't do anything at all? Brad Crowell 10:43  Yeah. Okay, well, hey, thanks for joining us on that journey. That was a journey, that was a history lesson. Lesley Logan 10:48  I just get really upset about this. I was poor. I was so poor, you know. And I was, I guess I was lucky that my parents weren't on any of these stamps, whatever, because they had family to help. But, like, this is how my life started, so I can't even imagine, was, like, if they didn't have that help.Brad Crowell 11:02  Yeah, yeah. Well, I appreciate your passion, and I think it's important. I love it. I really do. I mean. Lesley Logan 11:09  Well, I mean, like, I would, I would not have gone to college had my best friend's parents not cosign a student loan. You know, like, I happen to have those people, and that's why I get to be where I am today. So I'm, I think that, like, I think a lot of people don't realize how close they were growing up, or people in their lives were to being poor, like impoverished. So, January, hi.Brad Crowell 11:30  Let's talk about upcoming events. We're shifting gears. Lesley Logan 11:33  We're home, today we're home. Brad Crowell 11:34  It's January. Today is the eighth we just we are pulling in from tour tonight. Lesley Logan 11:39  We are fixing the roots, changing the nails. Well, they're my nails, but they're getting new they're getting an update.Brad Crowell 11:45  Yeah. And then tomorrow. Lesley Logan 11:45  We drive down to Huntington Beach. Brad Crowell 11:45  We hit the road again. Lesley Logan 11:46  We're leaving Bayon, we're leaving Bayon, and we're we're driving to Huntington Beach for the Pilates Journal Expo. You can go to xxll.co/pilatesjournal. I don't know why I stuttered there, but I thought I said them. That's completely wrong. xxll.co/pilatesjournal. So if there's any spots left, you should totally join us there. There's like, the lineup is insane. Brad Crowell 12:08  Yeah, it's gonna be awesome. Lesley Logan 12:09  The lineup's insane. Then, oh, you know what? We'll tell you this, but I'm pretty sure tomorrow it releases. So you want to get on the waitlist for next year's Cambodia retreat, because.Brad Crowell 12:20  No, this year's. Lesley Logan 12:21  This year's, oh, it's this year. Well, you need to change that copy, my friend. You want to get on the waitlist for this year's Cambodia retreat details. We'll be having early bird presale right now. In fact, if my memory serves me correctly, it starts tomorrow, but only for those on the waitlist, crowsnestretreats.com is where you go. Brad Crowell 12:40  I thought it was the 12th, but it could be the ninth. Lesley Logan 12:43  I think it's the ninth. Brad Crowell 12:44  Anyway, get on the waitlist, crowsnestretreats.com you'll find the waitlist there. Lesley Logan 12:46  This is what happens when we're recording early. Okay, then next month we have Agency Mini. It'll be happening this year's February, and you want to get on the waitlist for that, for it prfit.biz/mini who is it for? It is for the teachers, Pilates teachers and studio owners who work for themselves or want to, and they want to have ease in their business, without the overwhelm, and they actually want to be in control of things and not feel like they're always like reacting, because that's annoying in the business. So pfit.biz/mini we only are doing Mini, I don't know, maybe twice this year, but for sure, one. Brad Crowell 13:17  The plan, the plan is two times in 2026. Lesley Logan 13:19  Okay, great. Well, you don't want to miss this one. You'll go, oh, I'll do the next one because that could be, that could be the fall. I don't even know what it's going to be. Oh, it's going to be the fall. We could find out on the flight.Brad Crowell 13:26  Yeah, end of Q3 beginning of Q4. Lesley Logan 13:30  And then. Brad Crowell 13:30  So, but the point is this, why wait another six months? It's, we're talking it's early it's going to be early bird. Lesley Logan 13:38  By the way, it's only $25 when it's early bird, and it's $65 full price. If what we teach you makes you an extra. Brad Crowell 13:43  $25 Lesley Logan 13:46  Over six months. No, I was gonna say, do the math like, okay, six months is what? 26 weeks? 26 weeks, right? 24 weeks this I'm not a mathematician, so 24. Let's say, let's just say, all we do is make you an extra $100 a week. That's $2,400 you're fucking welcome, for 25 bucks go to prfit.biz/mini then in March, Brad and I are taking off to Europe for a month. I'm teaching the Poland Controlology Pilates conference with Karen Frischmann, xxll.co/poland and then the next week, where Karen and I are in Brussels. Brad's joining us along for the ride. xxll.co/brussels we're super excited about both events are selling really fast. I think our sessions are very much taken in Brussels, but there might be some spots left in Poland and then, okay, we've been saying, like, I don't know if we can announce it yet. I don't know. Well, here's what I do know. As of December 2nd, it was official to announce that we were going to be in London. So it's a few can now buy your ticket. And I don't know if the early bird is happening still or not, because I don't know anything, but I do know we'll be there. And I have workshops, I have a booth, you going to want to go to xxll.co/pot, so go there. Okay. Brad Crowell 15:00  Awesome. Lesley Logan 15:00  We have an audience question. I promise not to take too long.Brad Crowell 15:02  We sure do. Yeah. Instagram, (inaudible) reached out asking if OPC has a certificate of training online, and she said she wants it to be a Pilates instructor, mostly for knowledge. So she's not trying to be a teacher. She wants it as a practitioner to know specifically for herself. Do we have any recommendations? Lesley Logan 15:24  Well, I love this question, because I always want to do this with Anthony for yoga, like I always wanted him to teach a yoga training, but just for people who just wanted to learn it better and not be a teacher, because almost every teacher training that I've ever heard of in life is going to teach you how to teach it. And so what I would say is I don't know of a program that does that, especially online, that's going to be solid that I know about. I know that the Pilates Center out of Boulder does have online trainings, but again, they're going to train you to teach it, and there's going to be requirements for you to teach it. So what I would probably also just encourage you to do, because this is something that I realized now that we've trained with Anthony for over 10 years, is that the more you just do classical Pilates with us at OPC, you will become more educated and knowledgeable about the practice, especially for your body. So what I would actually suggest, and I know this sounds like a shameless plug, but seriously. Now at OPC, we follow Joseph Pilates' orders on all the pieces of equipment. And yes, there's other equipment that we don't talk about in OPC classes, but you can always ask us about them. And you can take advantage of the FFF and submit videos of you doing exercises, and I will give you specialized feedback for your practice so you're more knowledge about your body. You can come to the live class every month, and ask questions for your practice, and I will answer that for your body, and you can get the flash cards. So you do those things.Brad Crowell 16:46  So do, do we have a certificate of training online? No, but I don't know that you need one the tools that we've created will will support you in your goal, yeah, which you know we're assuming is to further your personal practice. Lesley Logan 17:01  And if you're like, I don't want to pay you a dime, LL, great. Our YouTube videos are free. Go have fun. You can do it between the flash cards and the YouTube videos. You can really understand it for your practice. You don't need to pay thousands of dollars for training where you only want half of the information. That's what I would do. If you would like to ask me a question. You can go to 310-905-5534, you can text us, call us, or you can go to beitpod.com/questions and send one in. Brad Crowell 17:24  Love it. Lesley Logan 17:25  And you can send your win in because I really love seeing those. All right. Brad Crowell 17:29  Stick around. We'll be right back.Brad Crowell 17:31  All right, now, let's talk about June Suepunpuck. Okay, June is a joy guide. She's a speaker, and she's the host of the How to Find Joy Podcast. She helps high achieving, heart-led leaders who have reached the top and still find themselves asking, is this it? Or what's the point? With a background in psychology and tools like human design and nervous system healing, June guides people through the process of reassessing their goals, addressing destination addiction of finding fulfillment in daily life rather than in the next achievement. This conversation lit me on fire because I, I'm I'm telling you, we've had a handful of other guests that talked about joy, and we had the doctor who was doing the research on it, and I was, like, really intrigued by that, but I don't know this. I really connected with the way that she talked and spoke and the things that she dug into. So I'm very excited to discuss this. So tell me what you loved about this convo.Lesley Logan 18:33  Okay, so we, I mean, there's so many different things, but like, I really love that she found a way to articulate the difference between, like, a career versus a calling. And that, like, you know, once you figure out what your calling is, it becomes, oh, it becomes really clear, like, this is the point. She said, like, this is the point, why we do it. I also love that she emphasize differentiate, differentiating between career versus calling, because it's, like, the important, because it's a why behind the dream, and it will determine if the result, the resulting fulfillment, will be fleeting or sustainable. So because if you're not clear on the dream, then it's really easy for us to, like, have an achievement, and then literally, three minutes later, go on to something else and a whole other feeling, like we've all done that, right? We're like, have this amazing high. And then you need a text message like, oh, fuck, right. And then, like, the high is gone. Where'd the high go? It's just totally gone. So, you have to have that clarity. Because I will say, like, I feel like I'm very much doing my calling. And the more I get clear on, like, not just what we what I know, I've always known what we're doing and why we're doing it, but the more you work on it, the more you're like, oh, I can make this better. Oh, we this could be the next thing that we do. And even on the hardest days you feel fulfilled, is more sustainable than like, going with the highs and lows of the business, like, I can have a good day only when the business has a good day. Brad Crowell 19:52  Yeah, I think, I think, like to clarify the career versus the calling thing. You know, it's put it into context, I think. She specifically meant. Mentioned her the influence of her parents on her college direction, you know, which is very typical for a first generation American, right? Her parents emigrated here. She was born here, and then what did they tell her, you got to be a doctor, basically, right? Lesley Logan 20:17  I know I had friends whose parents like, you can do whatever you want. I'm like, what? I'm not a first generation American. I was the first person to go to college like you figure out a degree that pays this bill back. That's what you have to do. Brad Crowell 20:28  Well, the the so for her, she, you know, it's like, now, go pursue your goals is what she said. And I listened to that part twice because I thought this is really interesting, you know, because she started saying, well, are these actually my goals? I don't know that these are my goals. I don't know. Am I excited about this at all? Right? This is going to put me on a career path that's going to make me probably the money that, you know, my parents want me to have, which is great, or the whatever that my parents want to have, awesome. But you know, is this my calling? And the answer is most likely no. So career versus calling in that sense, right? And she said, why are we doing the career? What is it about it? Right? We're, we're been told, Well, that's going to get you the financial independence, the house, the car, the money, the whatever, you know. And then, because you're in a parent child relationship, you know, how are you supposed to say, No, that's tough, right?Lesley Logan 21:20  Yeah, oh, I don't think, I don't even know that you she had the opportunity to you just, you don't have the life experience to know you can.Brad Crowell 21:27  Yeah, sure, and, you know, and then and then, and then, and then, what happens? Then, like, you know, you have your midlife crisis, and you're like, I hate everything about what I'm doing, you know, because once you've gotten the money, once you've had the time in the career. Does it make you happy? Probably not. Probably not. So now you're disenchanted, because you're like, Well, what the hell I thought that when I got here, it was going to be different. I was going to feel happy and fulfilled and better and ready to go, and I'm not. I don't feel that at all. So now, why am I doing it? And that's when people blow up their lives. And I really appreciate it when you and her were both talking about this moment where kaboom, right, quit everything, all of it, or it fell apart around you, you know, like in your case, it started with one decision you made, and then all these other things happening on top of it.Lesley Logan 22:13  Yeah, I like detonated something, and then like that detonated a lot of things. Brad Crowell 22:13  Yeah. So, you know, and I appreciated you sharing your story then, because I thought that was really, really awesome. But you know, the differentiating between the career versus the calling is important because of the why behind the dream and really knowing the dream. How do you know your dream? You need to know yourself, right? And that's, that's really tough.Lesley Logan 22:39  Yeah, I mean, like, I think that's where people are really struggling, is, like, getting to know themselves. I don't think, like, I think that a lot of people have been being, especially women who listen this podcast, right? Like, like, they have been trying to be the perfect daughter, perfect wife, perfect sister, perfect employee. Like, don't take up too much space. And like, now they're, they're 40s plus, and they're like, I'm fucking tired of that. But then it's like, okay, what? Okay, then, who am I? Right, right? Yeah, you know. So it's not, it's not the easiest thing, but I think it's the most essential thing to figure out.Brad Crowell 23:12  Yeah, yeah. 100% and, and, you know, so, and then there's a couple of other paths here, right? If you've hit that point of, like, I hate what I'm doing, you know, and you make a change, you know, there's, it's terrifying, it's scary. There's all these things. And that's when I, when I was really, you know, intrigued, because she said, yes, I coach people on finding joy. But I'm actually also like, a grief coach too, because when you make a change, there is grieving that happens. It just does, like, there's no way around it, right? And so what I really liked, when she was talking about this, she said, you can't it's kind of like what Anthony said, you can't have, you know, war without peace. You can't have light without dark. You can't have good without bad, right? You can't have these things. You need that polarity and joy was, was reiterating that. She said experiencing deep grief is actually necessary, because you wouldn't have understood how joyful you can be if you haven't personally experienced those dark places. I mean, I personally connected with this in my with my journey, with my story, where my, you know, I thought I was happy with my my old relationship, everything went to ship, and then I was incredibly set right, and now I have this marker in my life where I'm like, I am so much in a different place from where I was after that. And I can, I can measure against that and go barometer of in the shit versus not even close to that anymore. I am very happy today with who I am now because I had that negative experience, so.Lesley Logan 24:52  Yeah, I do think like and I think, I think it's really easy when you're in the grieving part to just go, Well, this is all happening for a reason. Correct it is. It doesn't mean you don't, you skip the part where you feel it, you know, like, and I also think it's really easy for us to want for others to not feel those things. We're like, trying to help people out in our lives from like, we try to make sure they don't make the same mistake as us. And so then we end up telling them things that make them just like, doubt what they're doing, and it's so important that, like, I remember one of the coaches we had said you can't take someone's rock bottom away, and I think that, like, you've got to be there for people when they hit it, but you kind of got to let people experience it, otherwise they're going to hit it again.Brad Crowell 25:34  Yeah, but I think there's a second step here, and I think I agree with you 100% and I think it's important for you can't take away someone's rock bottom, no, because otherwise you're just enabling them. And they're gonna they're never gonna change or learn or transform. But there's a second part of transformation after you hit the rock bottom, you have to address the grief.Lesley Logan 25:54  That you will that goes back to what June was saying. You have to. A lot of people, don't, I think they just like, want to skip over to the feeling good part.Brad Crowell 26:01  Right. And, and addressing the grief is where the self-reflection happens, the the analysis of, where were you and that you know, where were you before the shit? How did you get into the shit? Like, how do we not want to be in the shit, and now that we're now, how do we get out of it, right? And, and there's a lot of, that's right.Lesley Logan 26:01  Who do we need to see or who are you going to ask for help or. Brad Crowell 26:24  Self-reflection. Lesley Logan 26:25  Yeah, I will. There you go. That goes back to the same other thing as, like, people don't know themselves. This helps with that, because you, you, well, it's inside you, but you can't always articulate it, like, sometimes it comes out better in a journal.Brad Crowell 26:40  Yeah, sure. I mean, there's a lot of different methods to to get it out of your head, get it out of your you know, subconcsious. Lesley Logan 26:45  There was that one guy who tries to grab a journal, but close your eyes and just write what was coming up with your eyes closed. Lesley Logan 26:50  Oh, that's interesting. Lesley Logan 26:51  It was like David, somebody on the pod, like David Grove Gore Groban. Starts with a G. It was in the last 100 episodes.Brad Crowell 26:51  It's in the last 100 episodes.Lesley Logan 26:51  But I liked it. I like the idea of that, like there's different ways to do self-reflection. And when you self reflect, it allows you to know yourself, which allows you. Brad Crowell 27:08  Corbin. Lesley Logan 27:09  Corbin, not Groban, okay. So you can the more you know yourself, the more you're gonna understand, not just like your calling, but also how you experience joy and grief. Yeah.Brad Crowell 27:22  Yeah, awesome. Well, anyway, I, I, I would suggest going back and watching this episode again or listening to this episode again. Really, really awesome. Lesley Logan 27:30  She's so authentic. I really enjoyed her. Yeah.Brad Crowell 27:33  Yeah, and also very willing to be transparent. That's great. Lesley Logan 27:37  Yeah I was like, whoa. So, like, I so appreciate her transparency, because usually people come on and they like, be her like, they, like, they, they, for lack of better word, like, like, they whitewash the experience. Like I was here and now I'm here, and it's like, okay, but hold on, how do we get here? And they like, are so good at like, going around it? And she's like, nope, this is the it. This is how it was. And I, I really enjoyed that.Brad Crowell 27:58  Yeah. Well, stick around. We'll be right back, because we have some great be it action items from June. Brad Crowell 28:05  Welcome back, welcome back. Let's talk about those Be It Action Items that we got from your conversation with June. So what bold, executable, intrinsic or targeted action items can we take away from that convo? She suggested journaling, but she gave some very specific journaling tips, which we love here. Lesley Logan 28:25  She's a fan of the show, so she knows the rules. Brad Crowell 28:27  Although, yeah, yeah, absolutely, although, ironically, she was, she was myth-busting the perfectionism. I was really interested in listening to her first season of her podcast because she was trying to, like, break down the steps of how to be joyful. And in season two, she's basically already decided there's no one way to do it. And this entire way that I thought that I was creating in season one, I don't think I agree with myself anymore, and I was laughing about that. So sorry, perfectionist, but this, I thought, was a very actionable tip. She said, identify one good thing about today. One good thing about today. It's not a gratitude journal. This is she because she believes that gratitude is very hard to reach when you're struggling. So you're just identifying one good thing about today. You're focusing on only the one good thing, such as, I woke up tonight, or I woke up today. You know, provides a vital step on the path towards joy, even when deeper feelings of appreciation or joy feel very out of reach. So thought that was a great simple like just baby step kind of a thing to to support, especially if you're looking at everything as scary or frustrating. So, yeah. What about you?Lesley Logan 29:36  Okay. This is huge. I think this is amazing. Ready? Stop lying to yourself. That's what she says. Be It Action Item. We've never had anyone say this. And I was like, yeah, actually, that's probably the best way to be it until you see it. Stop lying to yourself. Where are you lying to yourself in your life? You need to get honest. You must figure this out. And she said, actively question the life you are currently living by asking, are you living this life that is your dream? Is it expired? Does it still even bring you joy? And so there's ways to find yourself and discover this new version of yourself that can support by reaching you can get support by reaching out to her and get support and go to therapy. But I love this, like, where am I living? Is this the life that I wanted to live? Is it the life that I wanted to live while did it expire? Did I did I move on from a new life to a new life? Does it even bring me joy? We only get this one life, you know, that's what we know.Brad Crowell 30:29  I remember this made me think back to my childhood dream, where they're like, what do you want to be when you grow up? You know, and everyone's like an astronaut, firefighter.Lesley Logan 30:38  My sister said, an adult. Brad Crowell 30:39  Brilliant. I told everyone I was going to be a professional soccer player, and I was preaching that since I was, like, six years old and. Lesley Logan 30:48  You mean, you could have done it, babe. Brad Crowell 30:49  I could have done it, except that when I got into high school and I was 75 pounds, it was pretty tough for me to be able to muscle people off the ball. So it became pretty, pretty quick that physically, it was gonna be really challenging for me to be able to compete. Lesley Logan 31:04  But look at you now. Brad Crowell 31:05  Look at me now. Lesley Logan 31:06  You, maybe you're, maybe you're a late bloomer.Brad Crowell 31:09  Pro soccer. Here I come, 43 I got this. Lesley Logan 31:12  Require you to be so consistent. Brad Crowell 31:15  But I, but I, yeah, which, which you know that's, well, that's my MO, consistency, but, but here's the here's the reality is that I also wasn't really enjoying it in my teens as much anymore. When I was a kid, all I wanted to do was soccer. I loved it. I went out, I juggled, I did the backyard thing, all that stuff. I was excited about it. But when I got in my teens, I was not as excited, not as enthusiastic. I was doing it because I thought I had to. So, you know, it was interesting to shift. Same thing happened with my music career, where I was like, I define myself as a musician. This is the only thing I actually ever want to do with my life. And then years later, I was like, well, I kind of want to do other things too. You know, is this really giving me the joy? And there are definitely pieces of the music element that I missed, don't get me wrong, for sure, but also too, I'm so grateful that I was willing to redefine who I am, how I am, because it really wasn't bringing me the joy that I thought it was and or that it initially did. So yeah, yeah, stop lying to yourself. Very, very tough. Lesley Logan 32:14  I love it. I'm Lesley Logan. Brad Crowell 32:15  And I'm Brad Crowell.Lesley Logan 32:16  Thanks so much for listening to this, you know, our rants, to our favorite takeaways, to our episodes. Who are you going to share this episode with? I would certainly share June's first and then this one. And because your friends need to hear it, they need to hear these Be It Action Items. They need to hear these things and it allows us to have not just friendships where we cheer each other on, but friendships we can hold each other accountable. So we can be it till we see it together. So you know what to do, until next time, Be It Till You See It. Brad Crowell 32:46  Bye for now. Lesley Logan 32:42  That's all I got for this episode of the Be It Till You See It Podcast. One thing that would help both myself and future listeners is for you to rate the show and leave a review and follow or subscribe for free wherever you listen to your podcast. Also, make sure to introduce yourself over at the Be It Pod on Instagram. I would love to know more about you. Share this episode with whoever you think needs to hear it. Help us and others Be It Till You See It. Have an awesome day. Be It Till You See It is a production of The Bloom Podcast Network. If you want to leave us a message or a question that we might read on another episode, you can text us at +1-310-905-5534 or send a DM on Instagram @BeItPod.Brad Crowell 33:24  It's written, filmed, and recorded by your host, Lesley Logan, and me, Brad Crowell.Lesley Logan 33:29  It is transcribed, produced and edited by the epic team at Disenyo.co.Brad Crowell 33:34  Our theme music is by Ali at Apex Production Music and our branding by designer and artist, Gianfranco Cioffi.Lesley Logan 33:41  Special thanks to Melissa Solomon for creating our visuals.Brad Crowell 33:44  Also to Angelina Herico for adding all of our content to our website. And finally to Meridith Root for keeping us all on point and on time.Support this podcast at — https://redcircle.com/be-it-till-you-see-it/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

In this episode of Breaking History, Matt Ehret delivers a solo broadcast examining the reported removal of Nicolás Maduro and the broader implications of regime change operations in Latin America and beyond. Matt walks through historical precedents involving Venezuela, Iran, Cuba, Nicaragua, and Mexico, raising concerns about intelligence-driven interventions, narco-cartel entanglements, and the normalization of foreign regime replacement. A significant portion of the episode explores the concept of technocracy, tracing its origins during the Great Depression and revisiting the proposed “Technate of the Americas,” including its ties to elite management systems, energy-based credit models, and centralized control. Matt also contrasts these developments with historical examples of anti-corruption purges in China and Russia, questioning whether similar purges have occurred within U.S. intelligence and military institutions. Throughout the episode, he emphasizes constitutional sovereignty, long-term historical patterns, and the dangers of repeating past imperial strategies under new narratives, while engaging with live audience commentary and questions.

We brought the husbands on for this one. Sean Van Horn and TJ David join us to talk about eating disorders in men, disordered eating in male athletes, and how the wellness industry preys on masculine insecurity with different packaging but the same playbook.First up: a game called Influencer or Dictator, where the guys guess whether quotes about discipline and suffering came from David Goggins or Joseph Stalin. It was harder than it should have been.Ten million American men will experience an eating disorder. Men make up 25 percent of cases, but only 10 percent of treatment, and the shame is double because you're told you have a "women's disease." Meanwhile, gym culture sells restriction as optimization and calls it biohacking. If you put it in a spreadsheet, it's not mental illness, right? It's astrology for boys.We trace the history from Charles Atlas selling masculinity during the Great Depression to G.I. Joe's impossible biceps to today's Ginfluencer explosion. Every masculinity crisis spawns a fitness boom. Sean shares his own eating disorder recovery, and we break down the red flags hiding in plain sight: cutting, clean eating, cheat days, earning food, no rest days. When The Rock does it, he's a brand. When your friend does it, check in.Sponsors:Osmia Skincare — Code YDS20 at osmiaskincare.com for 20% offTailwind Nutrition — Code YOURDIET20 at tailwindnutrition.com for 20% offMicrocosm Coaching — Free consult at microcosm-coaching.com

**Uncover the Hidden Backstory: How Gene Roddenberry's War on Authority Forged *Star Trek*** Dive deep with The Rocky Mountain UFO Podcast as we explore the **untold formative crucible** that shaped Gene Roddenberry's radical vision. This episode, "Gene Roddenberry's Trek Vision," reveals how his early life—navigating his police officer father and Baptist mother, surviving the **Great Depression's institutional betrayal**, flying bombers in **WWII**, and serving in the **LAPD**—forged an unshakeable skepticism of centralized power. Discover how these experiences of **systemic failure, propaganda, and bureaucratic control** directly inspired the **United Federation of Planets**—envisioned not as a rigid government, but as a **voluntary, decentralized alliance**. We analyze how Roddenberry's clashes with network censorship and his belief in **individual liberty over obedience** became the DNA of Star Trek, framing the starship not as a tool of empire, but as a vehicle for **ethical exploration and human potential**. **Search Keywords:** Gene Roddenberry, Star Trek philosophy, United Federation of Planets, decentralized government, Roddenberry skepticism, LAPD Roddenberry, WWII bomber pilot, institutional authority, Star Trek creation, Rocky Mountain UFO Podcast, Trek vision, humanism Star Trek, science fiction philosophy.

Carmela Then: When Remote Teams Stop Listening—The Silent Killer of Agile Collaboration Read the full Show Notes and search through the world's largest audio library on Agile and Scrum directly on the Scrum Master Toolbox Podcast website: http://bit.ly/SMTP_ShowNotes.   "Two minutes into it, my mind's starting to wander and I started to do my own thing." - Carmela Then   Carmela paints a vivid picture of a distributed team stretched across Sydney, New Zealand, India, and beyond—a team where communication had quietly become the enemy of progress. The warning signs were subtle at first: in meetings with 20 people on the call, only two or three would speak for the entire hour or two, with no visual aids, no PowerPoints, no drawings. The result? Within minutes, attention drifted, and everyone assumed someone else understood the message.  The speakers believed their ideas had landed; the listeners had already tuned out. This miscommunication compounded sprint after sprint until, just two months before go-live, the team was still discussing proof of concept. Trust eroded completely, and the Product Owner resorted to micromanagement—tracking developers by the hour, turning what was supposed to be an Agile team into a waterfall nightmare. Carmela points to a critical missing element: the Scrum Master had been assigned delivery management duties, leaving no one to address the communication dysfunction.  The lesson is clear—in remote, cross-cultural teams, you cannot simply talk your way through complex ideas; you need visual anchors, shared artifacts, and constant verification that understanding has truly been achieved.   In this segment, we talk about the importance of visual communication in remote teams and psychological safety.   Self-reflection Question: How do you verify that your message has truly landed with every team member, especially when working across time zones and cultures? Featured Book of the Week: How to Win Friends and Influence People by Dale Carnegie Carmela recommends How to Win Friends and Influence People by Dale Carnegie, a timeless classic that remains essential reading for every Scrum Master. As Carmela explains, "We work with people—customers are people, and our team, they are human beings as well. Whether we want it or not, we are leaders, we are coaches, and sometimes we could even be mentors." Written during the Great Depression and predating software entirely, this book emphasizes that relationships and understanding people are the foundation of personal and professional success. Carmela was first introduced to the book by a successful person outside of work who advised her not just to read it once, but to revisit it every year. For Scrum Masters navigating team dynamics, stakeholder relationships, and the human side of Agile, Carnegie's principles remain as relevant today as they were nearly a century ago.   [The Scrum Master Toolbox Podcast Recommends]

In the midst of Great Depression era Columbia, a young man was celebrating his 15th birthday. Intrigued by the prospect of a job opprotunity, he accepted a ride from a strange man as his mother looked on. Little did she nor the rest of the city realize that would be her son's last ride.Acknowledgments and credits to:The New York Times 3/14/1934Missing in the Carolinas and Renne RobersonThe State 12/26/1933

How mathematical rigor, probabilistic thinking, and family priorities shape a young investor's approach to finding overlooked opportunities.The episode is sponsored by TenzingMEMO — the AI-powered market intelligence platform I use daily for smarter company analysis. Code BILLIONS gets you an extended trial + 10% off.https://www.tenzingmemo.com/David Diranko is a 29-year-old German mathematician turned professional value investor who uniquely combines statistical rigor with contrarian small-cap investing, building his investment advisory firm Diranko Capital while sharing research through his newsletter Contrarian Cash Flows.3:00 - David explains his unconventional journey from mathematics to IBM data scientist to full-time value investor, detailing how he worked 40+ hours at IBM while spending another 30 hours weekly on investing before making the leap to launch Duranko Capital.6:00 - Drawing parallels between Ben Graham as "the original data scientist" during the Great Depression, David discusses how mathematical thinking enhances investment analysis through probabilistic frameworks and viewing intrinsic value as a range rather than a single number.10:00 - The decision to share research publicly through Contrarian Cash Flows despite initial hesitation about giving away "edge," leading to deeper thinking, network effects, and unexpected client relationships—though David candidly admits he's still learning to balance transparency with proprietary insights.20:00 - Europe's structural advantages for small-cap investors: fragmented markets across 27 countries, language barriers creating information asymmetries, and limited institutional coverage enabling patient capital to exploit mispricing—with David emphasizing the importance of investing in quality businesses over statistical cheapness.35:00 - AI's transformative impact on investing: from automating routine tasks to potentially replacing 50% of analyst work, while emphasizing that relationship-building, creative thinking, and probabilistic judgment remain distinctly human advantages that AI cannot replicate.50:00 - Balancing entrepreneurship with young family life (two kids under three), David shares his contrarian view that starting families early while building careers creates stronger bonds through shared struggle, rejecting the common narrative of family as a "reward" for career success.1:02:00 - Closing wisdom on finding meaning beyond financial returns, referencing Charlie Munger's caution that a life purely about buying securities wouldn't be enough—investing must serve a deeper purpose than accumulation.Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.

During the Great Depression, there lived in Fayette County a mountain man named Iley Tate who ruled the hill country between Haydentown to the West Virginia line like a feudal lord. Tate, a father of 20, had amassed considerable wealth as a livestock trader, and, because of his influence and steel-cold demeanor, he had a number of local lawmen and politicians in his hip pocket. Like many powerful men in similiar positions, Iley Tate came to think of himself as untouchable; but this was an illusion that came to a shattering end in the fall of 1932.This is the story of Iley and the Tate family-- a family notorious for feuding, fighting, fornicating... and committing the occasional murder.

TRIGGER WARNING: This episode covers content around violence, murder, war, death, brutality, drug usage, substance abuse, PTSD, animal abuse, racial injustice, hate crimes, and racism. Please be advised.   Welcome back to another episode of Did You Read The Book? ! Join me and my frequent flyer guest, Julie McCulloch-Francis, as we dive real fast into the past to talk about classic Greek themes, wacky mythos, and how in the heck does it tie into the Great Depression (that don't make no sense!) in The Odyssey by Homer.   Our Recommendations Lucifer, the Devil in the Middle Ages by Jeffrey Burton Russell Blood Orange: The Dracula Duet Book 1 by Karina Halle Black Rose: The Dracula Duet Book 2 by Karina Halle   Find Me Online If you like Did You Read The Book?, don't be shy and share with your family, friends, neighbors, and anyone else you see fit! You can also follow me on Twitter (@DYRTBPodcast), Threads, Facebook, Google Podcasts, Amazon Music, iTunes, Tune In/Alexa, Spotify, and Pandora!   About The Show Music composed and produced by Abek Cover art created by Jared Stokes Banner art and background design by IndigoLink Podcast production by Erin Palmer

It's been a while, but we're back with another episode. And this one is a doozy, in all the wrong/right ways. We start with a discussion of how Musk's DOGE initiative was a complete failure. Most of the claimed cuts were inaccurate and didn't happen, and government spending has actually increased during the Trump administration. DOGE failed. This eventually leads to Ryan revealing why he hasn't wanted to discuss politics lately (and we haven't had many recent episodes): while he always knew Trump was a piece of shit, Ryan has finally realized that most of humanity wants that, suggesting they are equally as selfish and inconsiderate of the planet and others. Good times! We then take a quick break to mock the recently announced Trump Class ships that everyone knows are just an attempt to stroke Dear Leader's cock and boost his ego, because the ships are not needed, impossible to build, and already obsolete, but it will also, no doubt, enrich someone who has bribed Trump. Our third topic is a discussion of the recent situation in Minnesota of fraudsters bilking the government to the tune of billions of dollars. Tom's point with this story is that this level of fraud is really only possible with the government, and it's not entirely clear how to prevent it. We end with predictions of what is going to happen to the US. The answer is: DOOM! Revolution! Cataclysmic collapse! Great Depression! Weimar Republic level catastrophe!

Keith shares a mindset-shifting quote from John D. Rockefeller that challenges the idea of trading time for money.  He revisits some of the year's most powerful real estate investing lessons, and breaks down the big forces shaping today's housing market—affordability, supply & demand, demographics, and interest rates.  All of this sets the stage for his data-driven national home price outlook for next year—without the usual crash-and-doom hype. Episode Page: GetRichEducation.com/586 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  1-937-795-8989 to speak with a freedom coach Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com or text 'GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold  0:00   Welcome to GRE. I'm your host. Keith Weinhold, learn from a quote attributed to the world's first billionaire, it will change how you see wealth building. I'll explain why national home prices have never crashed. Then it's gre, 2026, home price appreciation forecast. You'll learn the future the exact percent that home prices will appreciate or depreciate next year. Today on get rich education   Speaker 1  0:29   since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com   Corey Coates  1:14   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  1:30   Welcome to GRE from Lake Huron, Michigan to Lake Tahoe, California and across 188 nations worldwide. I'm Keith Weinhold, and you're listening to get rich education. You know something I love, quotes that shift your entire mindset, paradigm, and once your mind is shifted, actions follow. Actions develop into patterns. Those patterns become habits, and habits become the new, transformed you few quotes hit harder than the one from resource tycoon John D Rockefeller. He lived from 1839 to 1937 in fact, Rockefeller is widely regarded as the world's first billionaire. His quote, you might have heard it before. It is this, he who works all day has no time to make money. That sounds paradoxical, even provocative. It's sort of like it's inviting you to come in and want to learn more about it. And this is because most people's concept of income generating is to work 40 hours a week for a salary or an hourly wage. But what does that quote really mean? He who works all day has no time to make money, and be sure to capture the all day part of that quote that ties right back into the show that I did with you two weeks ago about the K shaped economy breakdown, where you learned about how capital compounds labor doesn't most people sell their time for dollars, but trading time for money makes you too busy to actually build Wealth. Working and building wealth. Those things are two separate distinct activities in how you're investing your time and energy. Now, most people start out with a wage or a salary job. I surely worked by pushing brooms and cubicle dwelling before investing in my first rental property. But if you're working all day in a job, physically or mentally well, then you're consumed by tasks that only pay you. Once you're occupied, you can often get exhausted and you're only concerned with short term output. You're focused on the next deadline, not the next decade, when all your hours are spent on labor, you have no bandwidth to do what you need to do, which is, create vision, acquire assets, build a portfolio, develop systems, learn tax strategy, evaluate investment deals, network with like minded investors, or refine your strategy with a GRE investment coach. Be cognizant that labor only pays today. Wealth building pays forever. Even if your work a day job, salary doubled, you would have to ask, how would that even build wealth? You could retire earlier, but you would have to keep working the hours, and let's remember that wealth equals freedom. You can't architect a wealth plan from the assembly line. Now, that's something that Rockefeller would have agreed with. Wealth requires less. Leverage and labor has none. So working all day means no leverage. You are the engine instead making money, that means using leverage, and instead of you being the engine, well, the engine is something else, like assets, systems, technology, other people's time, other people's money, and borrowing to inflation profit. Rockefeller believed and proved that leverage beats labor 100 to one. He's not discouraging work. In fact, it's just the wrong type of work, because he was one of the hardest working people alive. And really the bottom line here, with this quote, he who works all day has no time to make money, is that Rockefeller meant that if you spend your life doing tasks, you'll never rise high enough to own things that pay you for life. Earning a living is a different activity than building wealth, and once your mindset is shifted, actions follow, yep, actions develop into patterns, and those patterns become the new you. well as the last episode of the year on the show here, 52 weeks worth, I sure hope that I've helped you think, learn and grow your wealth, as have our guest contributors here early in the year, the father of Reaganomics was here, a man that frequently advised a president inside the White House. He told us how much he dislikes tariffs. Tariffs block free trade, and trade improves our lives. Major apartment investor, Ken McElroy, was here this year, and he predicted that the American home ownership rate will fall below 60% that would be major it's currently at 65 if the home ownership rate falls to 60% that would unleash millions of new renters into the market, and it has not been that low in decades, if ever you got a lot of mortgage insights with chailey Ridge, including learning how you can qualify for income property loans without a w2 job, without a pay stub or without tax returns by instead getting a DSCR loan. You'll recall this year that I discussed 50 year mortgages, and I did that before it even hit the news cycle, telling you that it could be coming and that it could be proposed. I explained why I like 50 year mortgages more than 30 year loans, but be aware it is not imminent that they're coming. Also this year, economist Richard Duncan and commentator Doug Casey discussed the Fed. Richard told us how the President is trying to totally restructure who serves on the Fed, trying to get low interest rate pushers in there. And then just last week, Doug and I discussed how fed decisions just keep hollowing out the middle class. A and E television star Todd drillette told us how to negotiate. I had four good discussions with our own investment coach, nuresh this year, more than usual, a pastor and I discussed a rare topic, what the Bible says about money. You learned how to use AI in your real estate investing and when not to. We had a few episodes about that. But above all the shows this year, they were about you, probably more than any other year that we've had here. I did more listener question episodes where I answered your questions as you wrote in, and I also had more listeners come right onto the show and tell me how this show has personally built their wealth. And of course, this year, I got to meet more of you in person when I served as a faculty member on the terrific real estate guys Investor Summit to see and I got to meet you personally for more than just a handshake. The event was set up so that chances are you had dinner with me as well. So rather than this show being a one way chat from me to you this year was more of a dialog between you and I and more two way communication. A lot of new topics are coming for next year, both me teaching and some great guests. If there's something on the show that you'd like to hear more of or less of, let us know. Write into us or use your voice to tell us either way you can do that. At get rich education.com/contact, let us know what you want to hear more of or less of. Do you like shorter term tactics like when and how to increase the rent? Or do you like mid range tactics like how to constantly do cash out refinances and get a tax free windfall from your properties every year. Or do you like more of the long term strategies like specifically how you profit from inflation? Let us know what you like again, at get rich education.com/contact, now, even if you're listening 10 years. Years from now, which I know you very well. May, I'm going to break down next year's home price appreciation forecast, but I'll do it in a way where you'll learn how to analyze a market for all time coming up. It's gre 2026, national home price appreciation forecast. Learn the future to the exact percent. First listen to this from Freedom family investments and Ridge lending group, because I'm a client of both myself and they can help you. I'm your host. Keith Weinhold   Keith Weinhold  10:29   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,   Speaker 2  11:40   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 Caeli Ridge personally. While it's on your mind, start at Ridge lending group.com that's Ridge lending group.com   Robert Kiyosaki  12:14   this is our Rich Dad, Poor Dad. Author Robert Kiyosaki. Listen to get rich education with Keith Weinhold. And there is, I respect Kate. He's a very strong, smart, bright young man.   Keith Weinhold  12:35   Welcome back to get rich education. It's episode 586 the last show of the year. I'm your host. Keith Weinhold, I am proud to present to you in this segment of the show gre 2026, national home price appreciation forecast, where I use my insight and experience so that you'll learn the exact percent that national home prices will either appreciate or depreciate next year. It's the fifth consecutive year that we're doing this. I nailed the first three spot on and then this year happened. I'll get to reviewing my track record, total accountability. First understand something, real estate values have never crashed in your entire lifetime, even if you're 90 years old, to grab eyeballs, slack jawed, tick tock. Call them crash talk. Economists keep making awful predictions about a housing price crash, and none of them have been worse than one that published last month in Newsweek, which outlines a as it's called, correction worse than 2008 and says national home prices will fall 50% five zero, starting as soon as next year. That's absurd, and I can't believe that a respectable publication would platform a view from an analyst like that, and I'm not going to call out that Doomsayer analyst's name. That's not my style. I'm sure you can find it that crash is about as likely as one social media post changing your political affiliation later today. Look, doomsayers don't care about you. They make dire predictions because they care about them. It elevates their clicks, their followers and their name recognition, and they never hang around to follow up on that prediction, but it harms you, because you miss out on the equity gains, and that's the real damage. In fact, this particular analyst also called for this year to have the second largest home price decline since World War Two. Well, national home prices have only fallen twice in that time period. In fact, going further back. Back to the 1930s Great Depression. They've only fallen twice. Yes, that means home prices have risen every single year since the 1930s except for two periods, a small decline of less than 1% around 1990 and then, of course, the severe downturn from the housing bubble and great recession from 2007 to 2011 or 2012 that's where prices dropped in total, 25 to 26% from peak to trough. Now why do I say that that period around 2008 was not a housing price crash. Well, because it wasn't. Instead, it was a slow bleed. The definition of financial crash is a sudden, sharp and widespread drop in prices. That's the definition. Well that can happen in some other asset classes like stocks or Bitcoin or perhaps even precious metals, but not real estate. It is neither sudden nor sharp. The worst year, 2008 saw home prices drop 12% in that one year and some of the other years bracketing it, home prices fell three to 4% in each of those years. So then during this time period of price attrition, during the global financial crisis, each month, real estate values fell just a few tenths of 1% maybe half of 1% or even one full percent, not a crash, a slow bleed. This means that it took about five years for values to fall, a total of near 25% I mean, that makes it really clear that it's not a crash. And again, this period was about 2007 to 2012 don't get me wrong, it was bad. I was a real estate investor both before and during 2008 but to call it a crash is hyperbolic, and that is because words mean things. I think a lot of media consumers get so conditioned to mass media sensationalism that they've forgotten what a crash even means. At some point, it begins to bend our very lexicon back around 2007 I remember I frequently checked a website called implode meter. Yeah, that's the name of it. It tracks, failing banks. I looked the other day and implodemeter.com is still in existence, even though it's not nearly as spicy as it used to be during the GFC, because lending has been pretty stable for a long time, and loans are well and carefully underwritten. So home prices are unusually stable over time, because, in a sense, housing is not a normal market. It is slow, regulated, credit driven, and it's emotionally sticky, even though rental property is less emotional. Well, the values of one to four unit property are tied to primary residence values, and that's where the emotion exists. So if you put all those together, you get prices that creep upward most years and rarely fall at all. Nationally. The real estate market moves too gradually to be crash susceptible. It is the place for real wealth building values also are not going to double annually if you want to scroll for dopamine hits from the couch. Well, you can do that with a prediction market like call she or in crypto with altcoins, while your real estate keeps leveraging dollars in a stable way in the background. That's how you can think about it. All right, so we've established since the Great Depression, home values have fallen twice and once substantially. Well, right now, home prices are up about 2% year over year. Most places have appreciated, especially the more affordable markets. Not only has home price growth been slow, though, rent growth has been slow as well. Single Family rents are up 1% per totality. Apartment rents are down one to 2% per Zumper. But back to our focus today, forecasting national home prices. Everything we're discussing is nominal price change, meaning not inflation adjusted, and it's single family homes up to fourplexes. Well, as we use context to build up to the big reveal today, where I'll tell you the exact percent that home prices will rise or fall next year. Could 2008 happen again any time soon? Let's isolate that out. It's important to look at history rather than. Having some uninformed hunch in both periods with price attrition around 1990 and 2008 these two falls have some attributes in common. So let's look at that. What led to these rare falls in home prices, irresponsible lending, forced selling, a vacancy issue and overbuilding. All four of those factors were in place during those two periods now leading up to 1990 the irresponsible lending was on the commercial side. That was the savings and loan crisis, but it did trickle into the residential market, and then in 2008 it was on the residential side. But of all four of those factors, none of them are in place today. Zero borrowers are strongly underwritten because they've got those full documentation loans, and virtually no one is forced to sell in a fire sale. In fact, homeowners still have these record equity positions of about 300k fewer than 3% of homeowners have a negative equity position, and there is no vacancy issue. Because, in fact, we've been under building. We'll look at that. So for next year, no substantial price of drawdown is coming. None's expected. We can isolate that out. Since I was investing directly in real estate through 2008 I know what happened is that when people walked away from properties, they did so because the economy got rough, their variable rate mortgages rose, they couldn't make their payments, or they just had no motivation to make their payments because they were underwater and had zero protective equity. In a lot of cases, it's almost impossible for that to happen today, homeowners can make their payments, and they're motivated to do so because they have that erstwhile equity to protect, like I said last week, through the Census Bureau data and realtor.com we know a couple things. Four in 10 homeowners have no mortgage at all. They own their property free and clear. Among the group with mortgages, 70% of borrowers still have a mortgage rate locked in at under 5% and blending those together for you means that then 82% of borrowers either have no mortgage or they've got a rate under 5% this translates to really affordable payments, along with The protective equity, even if inflation heats up again, it still cannot touch a borrower's mortgage payment amount because it is fixed. As we're leading up to the big reveal of next year's number, we're about to look at affordability, supply, demand and the effect of mortgage rates on prices. Of course, that word affordability, that has been the most central word to home buying for a couple years now, affordability will improve in three main ways. If either home prices fall, mortgage rates fall, or wages rise, it takes at least one of those three things, the good news is that this year, wages have been rising faster than both stated inflation and home prices. Wages have been rising close to 4% that looks to continue at least into the early part of next year. Well that improved affordability allows home prices to move up, and it gives room for rents to move up as well. Now when it comes to mortgage rates, if you're new to listening to me, it will be groundbreaking for you to realize that today, mortgage rates are low, and increases to mortgage rates usually lead to increases in home prices, not decreases. If you're new here, both of those facts might leave you saying what I thought it was the opposite. How can that be? I won't spend much time on this because longtime listeners already know these two things, but they do go into the forecast the long term 30 year fixed rate mortgage averages 7.7% per Freddie Mac thirst, that set goes back to 1971 and rates are lower than that now, and mortgage rates have risen 1% or more seven different times since 1994 and home prices increased all Seven times right alongside those rising mortgage rates. In fact, when rates more than doubled in 2022 what happened? Home prices soared to their highest appreciation year in a long time. It reinforced this so, yes, way higher rates equaled way. Higher prices. It's not that one directly causes the other. This is correlation versus causation. It's because rate increases confirm that the economy is doing well. I have discussed that extensively in previous episodes, so mortgage rates actually don't have that much to do with home prices, and that's why it is hardly going into the forecast for next year. I'll tell you what trying to forecast mortgage rates to then use that to predict home prices, that is a fantastic way to waste your time. Now, 1x factor that could make that different for next year is that this President, he imposes his will to make rates low no matter what. So even if the economy is good, which typically leads to higher rates, wholesale push to make rates low, and that's an artificial phenomenon. Wouldn't that make home prices boom if we had a strong economy and low rates? The fact that affordability is still historically low today, though, we appear to be off the bottom. Affordability is still historically low today, that has less to do with mortgage rates than most people think, since, again, rates are low when they're in the low sixes, like they currently are. Instead, affordability is soured, because over the long term, decades, wages haven't kept up with true inflation. That's what's really going on with affordability and what everybody misses, and because affordability is still strained, home prices cannot rise a lot, say 10 or 12% next year. That can't happen on a national basis next year, now, a bill is advancing through Congress now to make housing more affordable. It's got bipartisan support relaxing zoning requirements in such a bill that could help build more homes, but if the government tries to help by making access to loans easier, that is going to lead to even higher prices and really will not help with affordability beyond the short term. In fact, just this month, the Fed has resumed QE quantitative easing. And that effectively means that it is ramping up the number of dollars being printed. And these are just more dollars in existence coming in to chase real estate and every other assets values higher we look at the employment picture. Although unemployment has been ticking up lately, it is still low at under 5% what about housing supply versus demand? And future supply versus demand? Well, this is basic econ and it will totally affect future prices. Actually visited the home of the father of economics, Adam Smith in Scotland this year, the man that nearly invented the supply demand concept starting with supply. I think anyone in real estate knows that generally, over six months of housing supply is too much. Under six months is too little. Six months is sort of that balanced point. What does that really mean? Well, months of supply is how long it would take to sell all the homes currently for sale if no new listings came on the market. All right, that's all that means. Well, currently, that level is 4.2 months that is low, and that puts some upward pressure on prices as well. Another way to think about it is with the active listing count of single family homes and condos. All this means is the number of homes currently for sale and available to buy right now. That's what active listing count means when you see that statistic out there? Well, one and a half to 2 million is the normal level of units needed to adequately house our growing population, for single family homes and condos. Well, that figure bottomed out in 2022 and it's only hovered around one or 1.1 million for a few months now, we are under supplied, and it takes a long time to build our way out of it. Now, apartment buildings are a different story. They are oversupplied, but again, today, we're here focused on the future price direction of one to four unit properties. So that's supply, not as tight as it was, but still on the tight side, and then demand. Where is demand coming from? It comes from us. There's more of us. As our population keeps growing, there is a lot of housing demand coming. Not only is there pent up demand from those trying to afford a home as soon as they can, but more broadly. Demographically, I will point back to that period where there was a surge of us births from 1990 to 2010 there were over 4 million births every single one of those years, births peaked in 2007 if you add 40 years to that, because 40 years is now the average age of the first time homebuyer. That's still a mind blowing figure to me, 40 years the average age of the first time homebuyer. You add that to 2007 that peak birth rate year, and this demand won't even peak until about 2047   Speaker 2  30:36   and this doesn't even include additions from immigration, demand, demand, demand, propping up prices for decades, but for next year, improved affordability, which is expected that boosts the demand for those that have the capacity to pay. Well, considering everything we've covered, I'm about to reveal the number for next year. But first, I mean, gosh, don't you wish everyone actually followed up on their past forecasts, like I'm about to I don't think I've ever seen a price crash predictor follow up, because they're always wrong. Well, what is the track record of get rich, education, home, price appreciation forecasts. It's the fifth straight year I'm doing this, and I always release the forecast in the final days of the year in anticipation of the coming year, just like you and I are doing together now. For 2022 I said that prices would rise nine to 10% the year ended, and they came in at 10% 2023 a lot of people said home prices would fall because they had just seen a terrific run up. I said a price fall would not happen, largely due to that jaw droppingly low supply that we had then. I said zero, there wouldn't be any change. They came in at exactly zero. There was no price change in 2023 for 2024 I forecast 4% they came in at exactly 4% this is all documented. You can go back and listen to those episodes. They're all near year end. So yes, three straight years, I nailed it to the exact percent. How about this year? Just before the year began? Do you remember what my forecast figure was from listening here about a year ago, it was 5% home price appreciation. The year is not over yet, and real estate statistics move pretty slowly. Figures lag, but we pretty much know where it's going to end up. And as we look at this same stat set that I consistently use, which is the NARS national median existing single family home price, it is 2.2% as of late in the year, and it's almost certainly going to end up at 2% appreciation. So I would call that a miss, probably not a terrible call, but far enough apart to call that a miss, 5% forecast versus 2% actual for this year. That's the track record. So before I reveal the number for next year, in the last four I've nailed three of them spot on, and why was appreciation less than I expected for this year? Well, a few reasons. One of them is that inflationary pressure from tariffs was postponed. That Tariff Schedule was changed more times than anyone could have possibly forecast, and affordability stayed stubbornly low too. And here we go for 2026 how much home price appreciation or depreciation do I expect? Well, I haven't said this in any of the previous forecasts, because it's the easiest thing to say, and I often avoid saying the easiest thing, but this is just what I see coming, and that is, I expect more of the same. It's the first time I've said more of the same, which is drumroll here, 2% home price appreciation for next year. No wild figure or hyperbolic material here, in order to attract attention that is my best target for the truth, I'm here to do my best to be accurate and help you make the most informed decision, 2% for next year. So a 500k property today should cost you about 10,000 more dollars next year, and as we know, with a figure like 2% which is less appreciation than the long run historic 5% or so, with this 2% appreciation on new purchases, you leverage that five to one with your 80% loan, and you get a 10% return on your down payment. And you add in the other four ways real estate pays to your 10% leverage appreciation and at historic norms, you can end up with a 29% total ROI. That's realistic. I outlined the math of that in an earlier episode this year when I discussed how real estate pays five ways in a slow market, there you have it, 2% forecast home price appreciation for next year. If you want the charts that support the forecast and more, there's a way for you to get a hold of that, and also the best real estate maps, stories and investment opportunities that you won't see in any headlines. They are all in my free weekly newsletter. The newsletter also gives you access to my free real estate pays five ways. Video, course, that is it. GRE letter.com Get it all at one easy place. Gre letter.com I look forward to talking to you in the new year. I'm Keith Weinhold, don't quit your daydrem   Speaker 3  36:06   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  36:34   The preceding program was brought to you by your home for wealth building, GetRichEducation.com  

Bob uses three recent controversies–Richard Murphy's “Christmas all year” claim, Elon Musk's net worth, and Ron DeSantis on the Great Depression–to clear up common economic fallacies about work, wealth, and wartime spending.The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

Bob uses three recent controversies–Richard Murphy's “Christmas all year” claim, Elon Musk's net worth, and Ron DeSantis on the Great Depression–to clear up common economic fallacies about work, wealth, and wartime spending.The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

fWotD Episode 3160: Hearst Tower (Manhattan) Welcome to featured Wiki of the Day, your daily dose of knowledge from Wikipedia's finest articles.The featured article for Monday, 29 December 2025, is Hearst Tower (Manhattan).The Hearst Tower is a building at the southwest corner of 57th Street and Eighth Avenue, near Columbus Circle, in the Midtown Manhattan neighborhood of New York City, New York, U. S. It is the world headquarters of media conglomerate Hearst Communications, housing many of the firm's publications and communications companies. The Hearst Tower consists of two sections, with a total height of 597 feet (182 m) and 46 stories. The six lowest stories form the Hearst Magazine Building (also known as the International Magazine Building), designed by Joseph Urban and George B. Post & Sons, which was completed in 1928. Above it is the Hearst Tower addition, designed by Norman Foster and finished in 2006.The building's main entrance is on Eighth Avenue. The original structure is clad with stone and contains six pylons with sculptural groups. The tower section above has a glass-and-metal facade arranged as a diagrid, or diagonal grid, which doubles as its structural system. The original office space in the Hearst Magazine Building was replaced with an atrium during the Hearst Tower's construction. The tower is certified as a green building as part of the Leadership in Energy and Environmental Design (LEED) program.The Hearst Magazine Building's developer William Randolph Hearst acquired the site for a theater in the mid-1920s, in the belief that the area would become the city's next large entertainment district, but changed his plans to construct a magazine headquarters there. The original building was developed as the base for a larger tower, which was postponed because of the Great Depression. A subsequent expansion proposal during the 1940s also failed. The New York City Landmarks Preservation Commission designated the facade of the original building as a city landmark in 1988. After Hearst Communications considered expanding the structure again during the 1980s, the tower stories were developed in the first decade of the 21st century.This recording reflects the Wikipedia text as of 00:06 UTC on Monday, 29 December 2025.For the full current version of the article, see Hearst Tower (Manhattan) on Wikipedia.This podcast uses content from Wikipedia under the Creative Commons Attribution-ShareAlike License.Visit our archives at wikioftheday.com and subscribe to stay updated on new episodes.Follow us on Bluesky at @wikioftheday.com.Also check out Curmudgeon's Corner, a current events podcast.Until next time, I'm generative Kajal.

 This special explores Trump's historic increase in US import duties, which have pushed America to its highest aggregate tariff rate since the Great Depression. What kind of results can we expect? Fareed looks for lessons in history, tracing US tariffs from the 1800s onward and noting some of the pitfalls. Tariffs can foster crony capitalism, Fareed points out—and in illiberal regimes around the world, they've long been part of the autocrat's playbook. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Send us a textPublished in the 21 July 1934 issue of the Saturday Evening Post, "No Flowers" is one of Fitzgerald's Great Depression stories that teaches a lesson about the frugality and humility many mainstream American outlets felt were necessary to survive the economic devastation of the decade. At first glance, the story can seem frivolous or even silly compared to the proletarian fiction pouring from the pens of more radical writers. A young woman, Marjorie, struggles to accept that she lives in "the tin age," as opposed to the golden age her mother, Amanda, enjoyed as a teenager. And what makes it a tin age? Her boyfriend, Billy Johns (no relation to Billy Joel, although we try our best to force one), not only can't afford a corsage for the prom they're scheduled to attend, but due to the austerity dictates of the time, aren't allowed. The story contrasts Marjorie's moral challenges at the dance to those of her mother and her grandmother, Lucy, both of whom have melancholy experiences at their own proms that challenge their ethical sensibilities. As its strangely renunciatory title suggests, "No Flowers" is an anti-romanticist story that explores the struggles of the post-jazz generation to find some purpose in maturation in a world that seems to have lost all sense of fun. It's not a great story by any means, but as we argue, even the most expendable of Fitzgerald stories have interesting ideas.  

A MIDWESTERN CHILDHOOD: ROOTS OF OPTIMISM AND DETACHMENT Colleague Max Boot. Biographer Max Boot discusses Ronald Reagan's difficult childhood in Illinois during the Great Depression. He details how Reagan's alcoholic father, Jack, created family instability, while his mother, Nelly, instilled optimism and a love for performance. Boot also highlights Reagan's formative experience as a lifeguard, shaping his desire to be a hero. NUMBER 1 1916 THE REAGANS

Lloyd Blankfein never chased a master plan. He focused on whatever was right in front of him, and those small decisions carried him from a Brooklyn housing project to leading Goldman Sachs through the worst financial crisis since the Great Depression.In this episode of Big Shot, Harley and David sit down with Lloyd to explore how that path unfolded. He talks about growing up in public housing and sharing a room with his grandmother, then suddenly finding himself at Harvard at 16, arriving in a suit because he had no idea what college culture looked like. He reflects on the dislocation of moving between the projects and the Ivy League and how he learned to navigate both worlds without ever feeling fully at home in either.Lloyd traces his shift from law to commodities, what he absorbed inside J. Aron, and how a crisis inside Goldman in the 1980s reshaped the firm and opened unexpected doors. He also shares what it was like to lead Goldman Sachs through 2008, why Warren Buffett's support mattered at a defining moment, and what it took to keep the firm intact while the global financial system was breaking apart.It is a conversation about chance, focus, resilience, and the surprising places a life can go when you simply take the next step.—In This Episode We Cover:(00:00) Intro(05:15) Lloyd's early days(07:05) How Lloyd graduated early (08:53) How Lloyd ended up at Harvard at 16 (10:56) A glimpse at just how humble his beginnings truly were(13:42) What it was like arriving at Harvard with no roadmap(19:37) Why top public-university talent can match (and sometimes surpass) the Ivies(20:27) What it was like moving between worlds (25:05) Why it took a long time to adjust to the burden of great wealth (27:11) What led Lloyd to law school(28:48) Lloyd's approach of thinking one step ahead(30:35) Why Lloyd quit practicing law (35:16) Lloyd's pivot to finance and initial rejection from Goldman Sachs(41:00) The J. Aron role that pulled Lloyd into Goldman (49:30) Inside the meritocracy of Goldman Sachs (53:08) How Lloyd ended up making partner at Goldman Sachs unexpectedly(1:02:30) Building trust across cultures (1:06:52) What changed after making partner (1:10:10) What sparked Lloyd's retirement and renewed focus on learning(1:14:42) How the 1994 crisis set the stage for Lloyd to become CEO(1:22:00) Steering the firm through the 2008 financial crisis(1:28:22) The deal with Warren Buffett (1:37:58) Risk-taking vs. risk management (1:39:04) How anxiety fuels Lloyd's risk management style (1:42:00) Lloyd's biggest accomplishment at Goldman Sachs (1:46:21) A case for self-acceptance —Where To Find Lloyd Blankfein: • X: https://x.com/lloydblankfeinWhere To Find Big Shot: • Website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.bigshot.show/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠• YouTube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@bigshotpodcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  • TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.tiktok.com/@bigshotshow⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠• Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.instagram.com/bigshotshow/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  • Harley Finkelstein: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/harleyf⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ • David Segal: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://twitter.com/tea_maverick⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠• Production and Marketing: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://penname.co⁠

Send us a textOn this episode we discuss one America's great modern singer-songwriters -Robbie Fulks, and his wonderful 2016 album Upland Stories. Produced by the late, great Steve Albini, Upland Stories combines folk and traditional country elements into a rich collection of narrative-driven songs. The album and the fantastic opening track “Alabama at Night” both earned a Grammy nominations, recognition for what is considered by many to be Fulks' finest batch of songs. The album is full of poignant character studies, told with emotional and literary lyrics that are deeply rooted in American storytelling (Let Us Now Praise Famous Men - James Agees' Great Depression account of impoverished tenant farmers is a major touchstone). Like much of Fulks' discography, the album is an eclectic yet highly satisfying mix of tunes, both serious and humorous. Upland Stories explores diverse themes sung by a remarkably rich voice, backed by some topnotch musicianship, and told by a songwriter at the absolute top of his game.  Visit us at www.tappingvinyl.com.

The Rockefeller Center Christmas tree has brought joy and sparkle to Midtown Manhattan since the early 1930s. The annual festivities may seem steady and timeless but this holiday icon actually has a surprisingly dramatic history. Millions tune in each year to watch the tree lighting in a music-filled ceremony on NBC, and tens of thousands more will crowd around the tree's massive branches during the holiday season, adjusting their phones for that perfect holiday selfie. But the Rockefeller Center Christmas Tree is more than just decor. The tree has reflected the mood of the United States itself — through good times and bad. The first tree at this site in 1931 became a symbol of hope during the Great Depression. With the dedication of the first official Christmas tree two years later, the lighting ceremony was considered a stroke of marketing genius for the grand new “city within a city” funded by JD Rockefeller Jr. The tree has also been an enduring television star — from the early years in the 1950s with Howdy Doody to its upgrade to prime time in the 1990s. Join Greg Young for this festive holiday history featuring kaleidoscopic lighting displays, painted branches, whirling snowflakes, reindeer and a very tiny owl. ** This episode originally aired in December 2021. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Tis the season for our Christmas bonus episode, featuring returning film historian Vaughn Joy and a discussion of The 12 Dogs of Christmas, a movie about a fictional Maine town that outlawed dogs during the Great Depression.  

This Day in Legal History: Federal Reserve ActOn December 23, 1913, President Woodrow Wilson signed the Federal Reserve Act into law, creating the Federal Reserve System, the central banking system of the United States. The law was the culmination of decades of debate over banking reform, intensified by the financial panic of 1907. The Act aimed to provide the country with a safer, more flexible, and more stable monetary and financial system. It established twelve regional Federal Reserve Banks overseen by a central Board in Washington, D.C., striking a balance between public oversight and private banking interests.The Federal Reserve was given key powers, including the ability to issue Federal Reserve Notes (now the dominant form of U.S. currency), regulate banks, and serve as a lender of last resort during financial crises. This marked a significant shift from the fragmented and largely unregulated banking environment of the 19th century.Critics feared it concentrated too much financial power in the hands of a few, while supporters believed it brought necessary structure and national oversight. Over the decades, the Fed's role expanded, especially during the Great Depression, World War II, and more recently the 2008 financial crisis and COVID-19 pandemic. The creation of the Fed also represented a broader legal evolution in how the federal government engaged with economic policy.A coalition of 21 Democratic-led states and the District of Columbia has filed a lawsuit in federal court in Oregon to prevent the Trump administration from defunding the Consumer Financial Protection Bureau (CFPB). The states argue that the administration's decision to stop requesting funds from the Federal Reserve is unlawful and undermines Congress's constitutional authority. Since returning to office in January, President Trump has taken steps to dismantle the CFPB, including appointing his budget director, Russell Vought, as acting head and halting most agency operations.The CFPB was created in 2011 to safeguard consumers in the financial sector and has recovered over $21 billion for Americans. It is uniquely funded directly by the Federal Reserve rather than through Congressional appropriations. The administration claims the Dodd-Frank Act requires the CFPB's funding to come from the Fed's combined earnings, which they argue are unavailable due to the Fed operating at a loss since 2022.The lawsuit highlights that the CFPB is legally required to process consumer complaints from states, and without funding, it cannot fulfill this duty. Plaintiffs also contend that the administration's move violates the separation of powers by interfering with a congressionally established funding mechanism. Additional lawsuits from a federal employee union and nonprofits are pending in other courts, also seeking to compel the agency to resume funding requests.Democratic-led states sue to block US consumer watchdog's defunding under Trump | ReutersA new push by the Trump administration to challenge corporate diversity, equity, and inclusion (DEI) initiatives through the Equal Employment Opportunity Commission (EEOC) faces steep legal hurdles. Under EEOC Chair Andrea Lucas, the agency is shifting toward what she calls a more “conservative view of civil rights,” focusing on potential discrimination against white men. Lucas has announced plans to investigate corporate DEI policies and pursue enforcement where race- or sex-based decisions are suspected.However, legal experts emphasize that proving such claims is difficult. Discrimination cases require clear evidence that someone was denied a job or benefit specifically because of their race or sex, not just because they were part of a changing applicant pool. Critics argue that the administration's narrative misunderstands the legal and practical realities of workplace diversity, which is often designed to prevent discrimination, not perpetuate it.Despite aggressive executive orders targeting DEI, many companies are maintaining or quietly adjusting their programs to remain compliant. Legal audits and program rebranding are common, especially in industries like automotive. DEI advocates point out that the business case for inclusion remains strong, as companies see diverse teams as essential to long-term success.Ultimately, while the administration's rhetoric may galvanize parts of its base, experts say turning that rhetoric into enforceable legal action will be difficult under existing anti-discrimination laws.Trump's anti-corporate DEI campaign faces high legal hurdles | ReutersMercedes-Benz has agreed to pay $120 million to settle environmental and consumer protection claims brought by multiple U.S. states over its use of emissions-cheating software in certain diesel vehicles. The settlement resolves the remaining U.S. legal actions tied to the broader Dieselgate scandal, which has affected several automakers. The claims focused on Mercedes' BlueTEC diesel models, which were previously marketed as especially clean and advanced.As part of the agreement, Mercedes will continue retrofitting affected vehicles with approved emissions software. These additional updates are expected to cost the company tens of millions more. However, the company stated that its financial results won't be impacted, as it had already set aside sufficient funds to cover the settlement and associated costs.Mercedes reaches $120 million settlement with US states over emissions scandal | ReutersIn my column for Bloomberg this week, I argue that the IRS has a rare opportunity to repair its deeply flawed Voluntary Disclosure Program (VDP), which has become so punitive and complex that it actively discourages taxpayers from coming forward. While the program is supposed to help bring people back into compliance, its current structure demands that taxpayers essentially confess to wrongdoing—sometimes criminal—in a sworn statement, without any assurance the IRS will even consider their disclosure.Recent proposed reforms introduce a more structured penalty system and eliminate the notorious “willfulness checkbox” from Form 14457, a small but significant change that previously forced taxpayers to admit to criminal conduct just to apply. Still, the process remains risky. The IRS continues to require extensive narratives of past noncompliance, and for taxpayers with crypto assets, the demands are even greater: wallet addresses, transaction hashes, and mixer use must all be disclosed upfront. That level of technical and legal exposure could deter even well-meaning taxpayers.I argue the IRS must go further. It should offer flexible payment options—like installment agreements or offers in compromise—and abandon its rigid “pay-in-full” approach. It should also adopt a tiered penalty framework that accounts for intent, scale, and the evolving complexity of assets like cryptocurrency. Finally, the IRS needs to delay the most invasive digital asset reporting until after a taxpayer has been preliminarily accepted into the program, rather than forcing exhaustive disclosures at the outset.Without deeper changes, the VDP risks continuing as a trapdoor rather than a lifeline—one that punishes honesty and rewards silence. The current moment of public review is the best chance to realign the program with its original purpose: restoring compliance, not burying it.The IRS Has a Chance to Fix Its Voluntary Disclosure Program This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

In this special year-end episode, Joe revisits one of the earliest Content Inc. podcasts, originally recorded in December 2014. It's a deeply personal reflection on growing up around his grandfather's funeral home in Sandusky, Ohio, and the unexpected business and storytelling lessons that came from those years. At the heart of the episode is a simple truth. Great storytelling is not about performance or persuasion. It's about service, empathy, and meaning. Through one powerful story from the Great Depression and a set of foundational content marketing principles, Joe reminds us why helping first and communicating well still matter more than ever. This is a no-video episode, shared intentionally as a reminder of how far the podcast has come and what has remained constant. What You'll Learn in This Episode Why helping others is the foundation of meaningful business How a single story can communicate values better than any strategy deck What great storytelling actually does for trust and connection Why usefulness always beats interruption in marketing The core Content Inc. beliefs that still hold true more than a decade later Key Takeaways Helping people is not separate from business. It is the business. Storytelling works best when it is grounded in empathy and service. Content is more important than the offer. Trust is built over time through consistency, usefulness, and direct communication. Brands can be copied. The way you communicate cannot. Content Inc. Principles Mentioned The content is more important than the offer Customer relationships do not end with the transaction Being the content is more important than surrounding the content Focus on what the customer wants, not just what you have to sell Build your content on owned platforms, not rented land Culture comes before strategy Customers want inspiration, not sales messages About This Episode This episode originally aired on December 16, 2014. It is being reshared to mark the anniversary of Joe's grandfather's passing and to close out the year with a reminder of why Content Inc. exists in the first place. There will be no new episode next week. Content Inc. returns with all-new episodes on the first Monday of 2026. If this episode resonates, share it with one creator who is doing too many things out of habit instead of intention. If you want more insights every Friday morning, subscribe to Joe Pulizzi's Tilt newsletter at https://www.thetilt.com/. Get Joe Pulizzi's new book Burn the Playbook: https://www.joepulizzi.com/books/burn-the-playbook/ Subscribe to Content Inc. here - https://www.contentinc.io/

This week on TrendsTalk, ITR Economist Taylor St. Germain shares a long-term economic outlook that every business leader should be planning for now. With strong GDP and Industrial Production growth expected through 2029, the real risk is not the next few years but how prepared your business will be when the downturn arrives around 2030. Learn which markets are positioned to outperform, why waiting to react is costly, and how today's growth cycle creates rare opportunities for diversification, market share gains, and strategic acquisitions. Are you using the next four years wisely? Click here to buy our webinar, Strategic Shifts for Resiliency in the 2030s Great Depression, here → https://hubs.la/Q03VQwhz0

MeidasTouch host Ben Meiselas reports on the parallels between Donald Trump's policies and the conditions that led to the Great Depression in 1929 and Meiselas interviews renowned writer and author of the new book 1929 Andrew Ross Sorkin. Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: ⁠https://www.meidastouch.com/tag/meidastouch-podcast⁠ Legal AF: ⁠https://www.meidastouch.com/tag/legal-af⁠ MissTrial: ⁠https://meidasnews.com/tag/miss-trial⁠ The PoliticsGirl Podcast: ⁠https://www.meidastouch.com/tag/the-politicsgirl-podcast⁠ Cult Conversations: The Influence Continuum with Dr. Steve Hassan: ⁠https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan⁠ Mea Culpa with Michael Cohen: ⁠https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen⁠ The Weekend Show: ⁠https://www.meidastouch.com/tag/the-weekend-show⁠ Burn the Boats: ⁠https://www.meidastouch.com/tag/burn-the-boats⁠ Majority 54: ⁠https://www.meidastouch.com/tag/majority-54⁠ Political Beatdown: ⁠https://www.meidastouch.com/tag/political-beatdown⁠ On Democracy with FP Wellman: ⁠https://www.meidastouch.com/tag/on-democracy-with-fpwellman⁠ Uncovered: ⁠https://www.meidastouch.com/tag/maga-uncovered⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

December 19, 2025 This week on Fed Watch, ITR Economist and Speaker Lauren Saidel-Baker breaks down the latest U.S. jobs report and what softer headline growth is really signaling beneath the surface. She also examines why inflation remains stubbornly above the Fed's target, what recent CPI data suggests about a turning point ahead, and how rising cost pressures could impact pricing strategies in 2026. Plus, Lauren looks ahead to GDP, business spending, and why uncertainty may finally be easing as we move into the new year. What should business leaders be preparing for now? Click here to buy our webinar, Strategic Shifts for Resiliency in the 2030s Great Depression, here → https://hubs.la/Q03VQwhz0

Who doesn't love a good crime story from the 1930s? Add romance, fast cars, and a nation in chaos… and you've got Bonnie and Clyde. In this episode, I share a simplified, learner-friendly version of their true story—set during the Great Depression—and pack it with irregular verbs. You'll hear how newspapers turned two criminals into legends, why the public sympathized with them, and how their story became one of the most famous love-and-crime tales in U.S. history. You'll Learn: The meaning of infamous Why crime increased during the 1930s How newspapers turned Bonnie and Clyde into legends 10 essential irregular verbs in context (+ TONS of others we already learned in other irregular verb episodes) Focus Verbs: steal (stole) · meet (met) · have (had) · drive (drove) · shoot (shot) ·hurt (hurt) · catch (caught) · give (gave) · hide (hid) · forget (forgot) Mentioned in the Episode Get the full transcript, quizzes, worksheets, and videos inside ⁠The Academy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Scott interviews economist Bob Murphy about how the Federal Reserve enables the government to pursue its wars of choice. They also talk about the soundness of Modern Monetary Theory, the prospect of a war with Venezuela, the affordability crisis and more. Discussed on the show: The Creature from Jekyll Island by G. Edward Griffin What Has Government Done to Our Money? by Murray Rothbard Secrets of the Temple: How the Federal Reserve Runs the Country by William Greider Politically Incorrect Guide to the Great Depression and the New Deal by Robert P. Murphy Robert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of numerous books: Contra Krugman: Smashing the Errors of America's Most Famous Keynesian; Chaos Theory; Lessons for the Young Economist; Choice: Cooperation, Enterprise, and Human Action; The Politically Incorrect Guide to Capitalism; Understanding Bitcoin (with Silas Barta), among others. He is also host of The Human Action Podcast and The Bob Murphy Show. Follow him on X @BobMurphyEcon Audio cleaned up with the Podsworth app:  https://podsworth.com Use code HORTON50 for 50% off your first order at Podsworth.com to clean up your voice recordings, sound like a pro, and also support the Scott Horton Show! For more on Scott's work: Check out The Libertarian Institute:  https://www.libertarianinstitute.org Check out Scott's other show, Provoked, with Darryl Cooper https://youtube.com/@Provoked_Show Read Scott's books: Provoked: How Washington Started the New Cold War with Russia and the Catastrophe in Ukraine https://amzn.to/47jMtg7 (The audiobook of Provoked is being published in sections at https://scotthortonshow.com) Enough Already: Time to End the War on Terrorism: https://amzn.to/3tgMCdw Fool's Errand: Time to End the War in Afghanistan https://amzn.to/3HRufs0 Follow Scott on X @scotthortonshow And check out Scott's full interview archives: https://scotthorton.org/all-interviews This episode of the Scott Horton Show is sponsored by: Roberts and Roberts Brokerage Incorporated https://rrbi.co Moon Does Artisan Coffee https://scotthorton.org/coffee; Tom Woods' Liberty Classroom https://www.libertyclassroom.com/dap/a/?a=1616 and Dissident Media https://dissidentmedia.com You can also support Scott's work by making a one-time or recurring donation at https://scotthorton.org/donate/https://scotthortonshow.com or https://patreon.com/scotthortonshow Learn more about your ad choices. Visit megaphone.fm/adchoices

 Download Audio. Scott interviews economist Bob Murphy about how the Federal Reserve enables the government to pursue its wars of choice. They also talk about the soundness of Modern Monetary Theory, the prospect of a war with Venezuela, the affordability crisis and more. Discussed on the show: The Creature from Jekyll Island by G. Edward Griffin What Has Government Done to Our Money? by Murray Rothbard Secrets of the Temple: How the Federal Reserve Runs the Country by William Greider Politically Incorrect Guide to the Great Depression and the New Deal by Robert P. Murphy Robert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of numerous books: Contra Krugman: Smashing the Errors of America's Most Famous Keynesian; Chaos Theory; Lessons for the Young Economist; Choice: Cooperation, Enterprise, and Human Action; The Politically Incorrect Guide to Capitalism; Understanding Bitcoin (with Silas Barta), among others. He is also host of The Human Action Podcast and The Bob Murphy Show. Follow him on X @BobMurphyEcon Audio cleaned up with the Podsworth app: https://podsworth.com Use code HORTON50 for 50% off your first order at Podsworth.com to clean up your voice recordings, sound like a pro, and also support the Scott Horton Show! For more on Scott's work: Check out The Libertarian Institute: https://www.libertarianinstitute.org Check out Scott's other show, Provoked, with Darryl Cooper https://youtube.com/@Provoked_Show Read Scott's books: Provoked: How Washington Started the New Cold War with Russia and the Catastrophe in Ukraine https://amzn.to/47jMtg7 (The audiobook of Provoked is being published in sections at https://scotthortonshow.com) Enough Already: Time to End the War on Terrorism: https://amzn.to/3tgMCdw Fool's Errand: Time to End the War in Afghanistan https://amzn.to/3HRufs0 Follow Scott on X @scotthortonshow And check out Scott's full interview archives: https://scotthorton.org/all-interviews This episode of the Scott Horton Show is sponsored by: Roberts and Roberts Brokerage Incorporated https://rrbi.co Moon Does Artisan Coffee https://scotthorton.org/coffee; Tom Woods' Liberty Classroom https://www.libertyclassroom.com/dap/a/?a=1616 and Dissident Media https://dissidentmedia.com You can also support Scott's work by making a one-time or recurring donation at https://scotthorton.org/donate/https://scotthortonshow.com or https://patreon.com/scotthortonshow

In the 1800s, it seemed like mathematics was a solved problem. The paradoxes in the field were resolved, and even areas like advanced calculus could be taught consistently and reliably at any school. It was clearly understandable in a way that abstract fields like philosophy weren’t, and it was on its way to solving humanity’s problems. Mathematical work on electromagnetism made modern electrical engineering and power systems possible. New research in algebra created the logical basis for future computer science and digital circuits. But then new problems appeared. In the early 20th century, mathematicians made discoveries that showed them enough to know how little they really knew. Bertrand Russell showed that at its edges, math fell apart. It couldn’t fully define itself on its own terms without becoming logically inconsistent. He gave the analogy of a small-town barber who shaves everyone who doesn't shave himself; the question is, who shaves the barber—if he shaves himself, he breaks the rule, but if he doesn't shave himself, he must, by the rule, shave himself? In today’s episode, I’m speaking to Jason Bardi, author of The Great Math War: How Three Brilliant Minds Fought for the Foundations of Mathematics and we explore the story of three competing efforts by mathematicians to resolve this crisis. What do you do if math, the most logical of all sciences, becomes illogical at a certain point? Bertrand Russell thought the problem could be solved with even more logic, we just hadn’t tried hard enough. David Hilbert thought redemption lay in accepting mathematics as a formal game of arbitrary rules, no different from the moves and pieces in chess. And L. E. J. Brouwer argued math is entirely rooted in human intuition—and that math is not based on logic but rather logic is based on math. Set against the backdrop of one of the most turbulent periods of European history (from the late 19th century through World War I, the 1920s, the Great Depression, and the early days of World War II), we look at what happens when rock-solid truths don’t seem so rock solid anymore.See omnystudio.com/listener for privacy information.

Despite its long-held place in history as the lynchpin of America's recovery from the Great Depression, what if the New Deal did more to hinder the country's recovery than help it? George Selgin is a professor emeritus of economics at the University of Georgia and former director of the Center on Monetary and Financial Alternatives at the Cato Institute. His books like, False Dawn: The New Deal and the Promise of Recovery and Floored!: How a Misguided Fed Experiment Deepened and Prolonged the Great Recession, examine macroeconomic theories through the lens of key moments in monetary history. In this conversation, Greg and George dive deep into the inner workings of The Great Depression, covering the biggest misconceptions surrounding the New Deal's role in ending the crisis, why many of President Roosevelt's policies were counterproductive, and how pre-existing, international factors impacted the U.S.'s recovery.*unSILOed Podcast is produced by University FM.*Episode Quotes:The myth of New Deal wisdom47:17: The thing that people have to remember when they are inclined to think, oh, you know, we need to look back at the New Deal and all the wonderful things they did to end the Depression. They knew so much, you know, they had all these experiments. No. We know a lot more about how to fight recessions and depressions than they did because we know that fiscal and monetary stimulus are our best hopes. And those were two things that the Roosevelt administration did not put much, if any, emphasis upon. And that, of course, just hearing that should give a lot of people second thoughts about how helpful the New Deal was. They did a lot of stuff, but they did not do the main thing we rely on now. The main things, they did not promote monetary stimulus, and they did not promote fiscal stimulus except somewhat, reluctantly.Keynes vs. the New Dealers59:39: I certainly believe that if Keynes's advice had been followed instead of what the New Dealers did, that the Depression would have ended much sooner than it did in the United States. The downside of "bold experimentation"35:56: Roosevelt made two statements that were probably the least, the two main unambiguous things he said, one of which turned out to be a very accurate description of what his administration would end up doing. And the other one of which would be a very inaccurate statement. This is all in the course of the campaign. The accurate statement was when he said that his administration planned to go about addressing the Depression through bold experimentation. And that is absolutely true. There was a lot of trial and error. And the problem is, as I say in my book, you know, the problem with bold experiments is they often fail.On war clouds and gold flows45:41: What keeps gold flowing in for the rest of the decade, and more and more of it as time goes on, is Hitler's rise to power and the, the gatherings war clouds that eventually have many, many Europeans thinking, I do not think this is place, this place is safe for our gold. And as long as they could, taking it and shipping it to the United States, where now after the suspension of the gold standard and the devaluation, the treasury alone is buying all the gold.Show Links:Recommended Resources:John Maynard KeynesFranklin D. RooseveltHerbert Hoover Henry Ford Alexander J. Field James Bradford DeLong Guest Profile:Faculty Profile at University of Georgia Professional Profile at the Cato InstituteProfessional Profile on LinkedInProfile on XGuest Work:False Dawn: The New Deal and the Promise of Recovery, 1933–1947 Floored!: How a Misguided Fed Experiment Deepened and Prolonged the Great RecessionMoney: Free and Unfree Less Than Zero: The Case for a Falling Price Level in a Growing EconomyThe Menace of Fiscal QE  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

New York Times columnist Andrew Ross Sorkin, a student of past financial calamities, talks about the likelihood the U.S. economy could be headed toward another crisis. He says there are concerns about the impact of AI, crypto currencies and shadowy investment firms operating outside the regulated banking system. How the nation fares, he says, depends much on the judgement, and perhaps financial interests of Donald Trump. “The entire business world now runs through one address – 1600 Pennsylvania Avenue – and to some degree through the prism of the whim of one individual,” Sorkin says. His new book, 1929, is about the financial panic that led to the Great Depression.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

Keith reviews the state of the real estate market, noting that existing home sales are down about 33% from their 2021 peak, while prices remain firm due to low supply and high demand.  Affordability challenges are driven by stagnant wages, inflation, and higher mortgage rates, with 70% of mortgage holders still locked in at rates below 5%.  He observes that in certain markets, new construction may now offer better investor terms than comparable existing properties, especially where builders buy down rates.  The episode highlights a comparison of nearly a century of asset class returns, reporting real estate's long-term annual appreciation at approximately 4.7%. Episode Page: GetRichEducation.com/583 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  1-937-795-8989 to speak with a freedom coach Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com or text 'GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation   Complete episode transcript: Keith Weinhold  0:01   welcome to GRE. I'm your host. Keith Weinhold, how do other audiences feel about the GRE mantras that we've come to love here, like financially free beats debt free and don't get your money to work for you? Then sometimes it's not what you're attracted to in life, but what you're running away from finally comparing the returns from six major asset classes over the past century all today on get rich education    Keith Weinhold  0:29   since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Corey Coates  1:18   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:34   Welcome to GRE from Kennebunkport, Maine to Bridgeport, Connecticut and across 188 nations worldwide. It is the voice of real estate investing since 2014 I'm Keith Weinhold, and I'm grateful to have you here with me, and we're doing something a little different today, as you'll soon listen in to me as I was on the hot seat being interviewed on another prominent real estate show. But first, when you pull back and ask yourself, why you're really an investor in the first place? There are so many reasons. Maybe you just want a few properties in order to supplement your day job income. Maybe you want to have more than a few so that you can completely replace that active income, or perhaps rather than going the route of building up your cash flow, which is valid, but some think that it's the only way to real estate financial freedom. Instead, you could own, say, nine doors or 22 doors, and even if they all had zero cash flow, you can just keep borrowing against that leverage and equity tax free and live off of that whatever you do when it comes to your day job, income, your degree of disdain for your nine to five job that is going to be greater or less than it is for some others. So your motivation for self improvement, it isn't always about what you're running to in life, which could be real estate investing, but it's also what you're running away from, especially if you don't get a deeply rooted sense of meaning from your job. So you could have both a push factor and a pull factor in what motivates you. There's a scene from the 1999 movie Office Space that just does this incredibly unvarnished job of saying out loud how so many of us feel today. What I'm going to share with you, I mean, you know that you have felt this at least once in your life. Office space wasn't supposed to be a mega hit movie, but it kind of was, because it's so relatable. Let's listen in to part of this clip. This is Ron Livingston playing a disgruntled male employee talking to Jennifer Aniston at a restaurant about his job in the movie Office Space.   Speaker 1  4:09   I don't like my job, and I don't think I'm gonna go anymore. You're just not gonna go. Yeah, won't you get fired? I don't know, but I really don't like it, and I'm not gonna go.   Keith Weinhold  4:24   Then it continues when she asks. So you're just gonna quit? No, not really. I'm just gonna stop going. When did you decide all of that? About an hour ago? Really? Yeah, aren't you going to get another job? I don't think I'd like another job. What are you going to do about money in bills and all that? I've never really liked paying bills. I don't think I'm going to do that either.   Keith Weinhold  4:53   That's it. That is the end of that classic dialog from office space that we can. All relate to you did not wake up to be mediocre, but a lot of people's jobs pummel them into a rather prosaic state. You were born rich because you were born with this abundance of choices, this huge palette in menu, but society often stifles that and makes you forget it, and it gets really easy to just fall into your groove and stay there. The main reason we aren't living our dreams is really because we're living our fears. Failure doesn't actually destroy as many dreams as people think fear and doubt. Does fear and doubt destroy more dreams than failure ever does financial runway? That is a phrase for the amount of time that you can maintain your lifestyle without the need for a paycheck. And it's critical for you to lengthen this runway if you hope to retire early, and it will dramatically reduce your stress level. An example is say that you currently earn 150k per year after taxes, and you spend 126k of that, all right. Well, that means you've got a surplus of 24k a year. Well, it's going to take you a little over five years to accumulate that 126k that you need to annually support your lifestyle. That's what happens if you don't invest. And see investing helps you lengthen your financial runway, that amount of time you can maintain your lifestyle without the need for a paycheck. That's what we're talking about here. Last week I brought you the show from Caesar's Palace in the center of the Las Vegas Strip. So therefore, what I've done is I have gone from the ostentatious and flamboyant over here to the familial and simple as this week I'm in Buffalo New York, broadcasting from a somewhat makeshift GRE studio here, the Buffalo Bills had a home game yesterday, so the city and hotels are busier than usual. Next week, I will bring you the show from upstate Pennsylvania, as I'm traveling to see my family. Let's listen in to me on the hot seat. I was recently a guest on Kevin bups long running real estate investing show. You're going to get to see how I present information and GRE principles for the first time to a different audience. And as I do, you're going to hear me provide new material, but you'll also hear me say quite a few things that I have told you before, even then, the concepts might land differently when I'm explaining them to a new audience. The show is based in Florida, so We'll also touch on the real estate pain and opportunity there. After I'm interviewed, I'm going to come back and tell you about something fascinating. I'm going to compare the returns from six major asset classes over the past century, since 1930 anyway, and that's going to include the first time on the show where I'll tell you real estate's annual appreciation rate over the last entire century. Just about what do you think it is? 8% 5% 3% you're gonna have, perhaps the best answer you've ever had. Here we go.   Kevin Bupp  8:31   Now, guys, I want to welcome back a guest that we've had on. It's been a number of years now. Keith Weinhold, I went back to look at the last episode we had him on. I think it's been about four years. So, you know, four years ago, the world was in the very different state. It was a very different time. And so, you know, thankfully, we're out of the covid era and on to newer and greater things. So for those that don't know Keith, he's the founder of get rich education. He's the host of the popular get rich education podcast. He's a longtime thought leader in the real estate investing space, and like myself. Keith was also born and raised in Pennsylvania. For those that know don't know, I was born and raised in Harrisburg, Pennsylvania, Keith, I believe, a couple hours away from where I was. But Keith has very much a unique perspective on wealth, building debt, and really the housing market as a whole. And today, you know, we'll be diving into everything you know, from why the property itself? This is something that Keith kind of coins, why the property itself is less important than you think, to how the housing crash has already happened in a way that most people don't even realize, to the role inflation and debt play in building long term wealth. And so again, it's been a number of years here, so I'm excited to welcome Keith back here. So my friend, Keith, welcome to the show. It's it's a pleasure to have you back here again, my friend.   Keith Weinhold  9:43   Oh, Kevin, it's good to be here and be in the auspices of another fellow native Pennsylvanian as well.   Kevin Bupp  9:49   That's right, that's right, yeah, no, Pa is rocking and rolling as I think I told you this little, this little tidbit last time everyone, every time I speak with someone from Pennsylvania, they never know this. But I'm going to share this fun fact. Are you already know, Keith. I'm gonna share it with the rest of the listeners here today, Pennsylvania, those that are born and raised there. It's the only state where, if you're from Pennsylvania, you refer to it by its initials, and you assume that everyone else, everywhere else across the country, they know what you're talking about when you say I'm from PA and that's the only state that does that. So I think it's pretty neat.   Keith Weinhold  10:19   That's right. No one else does that. No one else says, I'm from TN, if they're from Memphis, right?   Kevin Bupp  10:24   They don't, they don't. So with that, my friend. So, you know, it's, again, it's been a number of years since we, since we had you last on here, you know, let's start with just, let's back up a little bit. You know, what have you been up to? I mean, what, what have the last few years look like for you? Where have you been spending your time, energy and efforts? Obviously, it's, you know, we've gone through some quite a bit of turmoil over the last five years, and would love to just get an update as to what's going on your life.    Speaker 2  10:48   Well, one of the big words in real estate investing, we all know it, even the person that cuts your hair and cleans your teeth knows it, and that's affordability. You know, really, affordability has been under fire, under pressure. By a lot of measures, we have the worst affordability for home buying since the early 80s, when the Jeffersons was on television. So it's been helping a lot of people deal with that. It's really the effect of three things, general inflation, higher home prices and higher mortgage rates. Really, those three things the crux of the problem. It's not exactly inflation, really. It's the fact that over the long term, wages don't keep up with inflation. And really that's the crux of the affordability problem. So I've been helping people deal with that and put that in perspective, really, Kevin,   Kevin Bupp  11:42   what does that mean for, you know, investment, real estate? I mean, are you still still doing deals? Are you seeing deals still get done by your students? I mean, what? What's your world look like?   Keith Weinhold  11:52    Yeah. I mean, I think you're asking, you know, how many deals are taking place? One way to measure that on a national basis is existing home sales. You know, existing home sales have been down substantially. And when a lot of people hear that, they think, prices, oh no, we're not talking about prices. We're talking about existing home sales. That means sales volume. That means the amount of overall transactions. So to give an idea of a real estate market, a residential one that's become pretty lethargic and not very vibrant, is that sales volume. It had its recent peak of about 6 million home sales back in 2021 I mean, 2021 was crazy, kind of the crux of the pandemic, you know, Kevin, that's when for an open house. You saw cars wrapped around the block for just one open house. Okay, well, that year 2021 there were 6 million existing home sales. Today, we're on pace to do about 4 million, and we also did only about 4 million last year. So if you put that in perspective and think about what that means, prices have stayed stable, but that's a 33% reduction in transactions. So investors, you know, people like you and I, Kevin, we're not as affected by this as some other industries. But think about the mortgage loan industry. If you're doing 33% fewer transactions, think about the hard decisions companies have to make and lay people off. 33% fewer transactions for title companies. It's probably close to 33% fewer transactions for furniture companies as well. So really it's both affordability that's been a problem, and that's led to this relative lethargy, kind of a slow, not very interesting residential real estate market, at least from the transaction perspective, really, really slow.   Kevin Bupp  13:58   But Could, could one not argue, I don't know the data points. Keith, I guess, what did it look like? 2021? Was kind of the peak. I think you'd reference 6 million units a year. Transactionally, what did it look like prior? What, what was, what was a more normal year like? And maybe 2020, wasn't a normal year either, right? Because a lot of folks thought the role was ending for a period of time. You know, 2019 maybe just again, trying to, trying to find maybe a better baseline to use. And then, you know, does, I guess, in my mind, and I don't follow these data points as much as you do, is that maybe 2021, was, you know, somewhat artificial inflation, right? Lots of lots of money pumping into the marketplace. And ultimately, we had to get back to a sense of normalcy at some point in time. And so are we at a at a place of normalcy? Are we still behind the eight ball a little bit?   Keith Weinhold  14:44   We're still behind the eight ball a little bit. 5 million is more of a normal long term number. But yeah, I mean, if we've got 4 million now, that's, you know, 25% less still than 5 million, sort of this long term normalcy rate of existing. Home transactions. And if you're a careful listener, you notice I've been using the word existing that doesn't include new build. So you know, when you the listener out there reading headlines, always look at that closely. We talking about existing? Are we talking about new build? You can learn a lot from that when you introduce new build data that introduces an awful lot of noise. For example, even when we look at prices, sometimes we want to exclude new construction. So why is that? Why do we want to focus on existing a lot? Well, because new build can introduce a lot of aberrations to the market. For example, the size of new build properties has dropped substantially the past few years, again, coming back to the central theme of affordability to help make a home more affordable. So we're not looking at same same when the square footage of a property drops a lot. And also, another thing that's been happening as a response to the lack of affordability is you have more builders building further and further out from a central business district where there are lower land costs for that new build property as well to help meet affordability. So the takeaway is, yeah, we want to be careful when we look at numbers. Are we looking at existing? Are we looking at new? Are we looking at overall properties.   Kevin Bupp  16:22   If you believe that if rates come down, we really is that the is that the lever that has to be pulled in order for that transactional volume to kick back up and, you know, make homes more affordable for the average home buyer,   Keith Weinhold  16:34   yeah, it's certainly going to help. I mean, really lower rates is the most likely significant lever that can help with the affordability crisis. Prices are pretty firm. Home prices are up 2% year over year. It's difficult for home prices to fall. In fact, home prices have only fallen one time substantially since World War Two. A lot of people don't realize that. So home prices are firm. I expect them to stay firm. And then the other lever is if we get a huge surge in wage increases, which I really don't expect anytime soon, unless we have another really big bout of inflation. So to your point, yes, lower mortgage rates like, that's the biggest lever that can help affordability return. And to speak to mortgage rates, Kevin and help put all of this into perspective, including this affordability component, is the fact that today, mortgage rates are low, and that gives a lot of people pause. They're like, What are you talking about? Mortgage rates were 3% even as low as two point some percent, just as recently as 2021 and early 2022 What are you talking about? Like, mortgage rates are 2x to 3x that today we look at a long term perspective when we look at the arc of mortgage rates, instead of in setting up expectations where we think rates could go. And we need to look at a frame of reference. Mortgage rates peaked over 18% in 1981 that's if you had a good credit score and everything on a 30 year fixed rate mortgage. That's what we're talking about here. In fact, Freddie Mac, they're the ones that have the best, most reliable stat set for mortgage rates, and that goes back to 1971 the average mortgage rate since 1971 all the way up to today, through all these presidential administrations you know, Nixon and in the Reagan years, and Clinton and the bushes and Obama, everything You know up to today, from 1971 until today, the average 30 year fixed rate mortgage is 7.7% so that's why I talk about how mortgage rates are, you know, moderate to a little low today. That takes a lot of people back. I don't see any impetus. It's going to get us back to, say, 3% mortgage rates. So some real perspective here.   Kevin Bupp  19:06   Yeah, yeah, no. And, you know, the interesting thing again, you might have data points on this to see, is a lot of the lack, do you feel that a lot of the lack of transactional volume is also related to those folks that have locked in, you know, 3% you know, mortgages, right? Like they're they, why would they sell and ultimately trade into a, maybe a, you know, a, you know, upgrade of a home, but ultimately be paying significantly more than that of what they're paying at the present time, you know, double the cost of capital. Your rates today, 30 year, rates are where the six and a half, 7% range, I don't follow it, but yeah.   Keith Weinhold  19:42   I mean, as of today, 6.3% is is where they're at. But yeah, you have a lot of those homeowners locked in to low rates. I mean, first, if we just pull back and look at the overall homeowner landscape, four in 10 have a paid off property. So just to talk to those about the other. Or 60% that percentage that are mortgage borrowers, among borrowers, 70% still have a mortgage rate under 5% meaning it starts with a four or less. So yeah, you're bringing up astutely Kevin the lock. In effect, people are reluctant to sell and give up that rate to trade it for a higher rate. And here's what's interesting, a lot of people if they couldn't make the payments on their home and say they lost their home, something that actually happened a lot in 2008 when people were locked into in sustainable mortgages because they didn't have good credit and they didn't have good income, the borrower is in good shape today. But even if, for some reason, they couldn't make the payments on their home, and they lost their home and they had to rent. Rents are actually higher in many cases, than what that mortgage principal and interest payment is. Maybe even the mortgage principal interest, taxes and insurance that they pay today are lower than what comparable rent would be, and this helps stabilize the housing market, people are really motivated to make their payments, and they can easily do it when it is so low, speaking to that lock in effect, and we're bringing up another reason now why transaction volume is so low, that lock in effect. So homeowners are in good shape. Their payments are sustainable. They don't want to sell, and they're just staying put. They're staying in place   Kevin Bupp  19:42   tying that all back around. Keith, what does that mean for us real estate investors? I mean, is there still good value out in the marketplace? I mean, is the rent to value ratio still, you know, Is there good opportunity to be had, as far as ROI for an investor that wants to buy into a residential investment or a multifamily investment, or anything related to that of residential housing?   Keith Weinhold  19:42   Well, the deals in the one to four unit space, single family homes up the four Plex buildings, yeah, just are not as good as they used to be. The ratio of rent income to purchase price is lower than it was five years ago. And that's so simple, but that's just really the simplest formula for profitability for a real estate investor, you don't have to look at cap rate or or NOI in the one to four unit space. Let's just look at that ratio of rent income to purchase price. 20 years ago, it was easy to find a full 1% meaning, on a 200k property, you could get $2,000 worth of rent income. That's that 1% ratio. But now oftentimes you've got to find something that's more like seven tenths of 1% that would be a $1,400 rent on a 200k property. So that simple formula, and I love that, the rent income divided by the purchase price when I'm looking at properties, when I'm scrolling or scanning like that's a calculation you can do in your head. It's only if I would see a ratio that appears really good, oh, that I would like drill down and look at that property more closely. So of course, when you have something that is that simple, though, rent income divided by purchase price, there's a lot of things that doesn't tell you. You know, what kind of mortgage interest rate can you get? What kind of property tax Do you pay in that jurisdiction? But really, I love the simplicity. That's it, rent divided by price, but it has been under attack. Now today, I still don't know where you're going to get a better risk adjusted return than you do with a carefully bought income property with a loan. I've always liked fixed interest rate debt the best risk adjusted return anywhere. I really don't know of a better one than with buying real estate, because real estate investors have so many profit centers, five simultaneous profit centers, which few people understand. Yeah.   Kevin Bupp  19:42   So using that, I want to, I want to unpack the the 1% rule a little bit for those that aren't familiar with it. And again, there's a lot of variables there, as you had mentioned, you know, mortgage rate, taxes, insurance and that respective market that you that you're buying in, and so what? What are you really trying to back into when applying that rule? Is there? Is there? Is there a true cash on cash return that you're hoping to achieve, again, assuming all these other variables that we just don't know, what they are at this point, you know? Is there a target range of actual ROI that you're actually looking to achieve when applying that 1% rule?   Keith Weinhold  19:42   No, I'm just looking for any positive cash flow. You know, to your point, yeah, there's nothing like the cash on cash return needs to be at least three and a half percent or something like that. But, yeah, I still like buying a property that's that's greater than a break even. Inflation is probably going to increase your cash flow over time, even if you bought a property that that broke even or just had a trickle of cash flow or a $100 cash flow today, a lot of people don't understand that fact that right there you can't count on it, you shouldn't count on. Getting rent increases. But we all know it generally happens over time at a rate of about 3% a year, but it actually increases your cash flow. If you increase your rent 5% your cash flow can often increase something like 12% why is that? How could that happen? That's because, you know, it's key for the person that was listening closely, you get fixed interest rate debt, so your rent income goes up, your expenses increase, except for that mortgage principal and interest. Inflation can touch it. It's kind of like a mosquito buzzing against a window and always trying to get in. And inflation can't touch that in a way. It's sort of like debt that's an asset in some unusual way, or some play on words, getting that debt so So yes, you can't count on rent increases over time. We know what typically happens, and that's really part of the compelling value proposition of buying income property with a loan. You're sort of leveraging inflation. You're really on the right side of it.   Kevin Bupp  20:08   Are there any particular markets that you feel are ripe for opportunity today where you're spending your focus and energies in?   Keith Weinhold  20:08   Yeah, it's still in high cash flowing markets like Memphis, okay, little rock and a good part of the Midwest and the Midwest still has home prices appreciating faster than the national average as well. So those are some of the areas that I like. Those jurisdictions also tend to have laws, as your listeners might know this already, Kevin, they tend to have laws that benefit the landlord more so than the tenant, where you can get a prompt eviction, but those are still the areas where you do get that high ratio of rent income to purchase price on a single family rental home, you might still find eight tenths of 1% meaning $800 worth of rent for every 100k of property purchase in places exactly like that.   Kevin Bupp  20:08   I was hoping that you tell me 1% rule would is applicable.   Keith Weinhold  20:08   It's pretty rare. You know, if you do see, if you do see a property that has a full 1% rent to purchase price ratio, it could be in a sketchy area, you need to make sure that you can actually get the rent in like you would get a respectful rent paying tenant in there. That's something that we would have to look at more closely.   Kevin Bupp  20:08   Have you explored building new product? Is there an opportunity there getting at a lower basis by building ground up?   Keith Weinhold  19:42   You asked such a smart question. This is actually the first time ever, as long as I've been an active real estate investor, Kevin for more than 20 years where new build purchases for income property make more sense than existing purchases. Why is that? It's because builders know that investors and borrowers are struggling to buy and afford property and make the numbers work. Like you're talking about, that builders are incentivized to buy down your rate. For you, to buy down your mortgage rate, we deal with a lot of providers that buy down your mortgage rate to 5% or less for you, and this is a fixed, long term loan in order to help get the numbers to work. You know, especially where you might see a new build property where the rent to purchase price ratio is less than seven tenths of 1% and it's just like, ah, the numbers wouldn't work paying a higher mortgage rate, but some are willing to buy them down to as little as four and a half. However, if you're looking into buying a new build income producing property, you do want to look at that closely. Who is paying for the discount points to buy down the rate. Is it the builder, or is it you? Because some builders just suggest, hey, you can buy down. You can have your rate bought down. But yeah, the next question is, yeah, okay, who is actually doing the buy down? Yeah.   Keith Weinhold  19:43   I mean, just getting tacked on. I mean, in that instance, I'm assuming that a lot of it's just getting tacked on to the to the back end of the purchase price, or it's being baked into closing costs somewhere somebody is paying for it. More than likely the borrower is paying for it. Paying for it. Is that? Is that? Again, I'm assuming we probably have that here in Florida. Again, I don't really follow the residential market too much, but there's, as you had mentioned, like, kind of on the the outskirts of Tampa, the tertiary, necessary, tertiary, probably more secondary areas. That's where a lot of the builds are happening. Lots of these, you know, planned subdivisions. You know, hundreds and 1000s of homes being put up. And in my understanding, through the grapevine, is I hear that they're, you know, sales volumes is incredibly slow, and a lot of these builders are now offering some creative loan products, again, to what you've just stated there, to attract, not necessarily even just homeowners, but also investors, to come in and buy their product from them. Is, is there a real opportunity there, though? I mean, have you seen investors be able to benefit from buying brand new product at a fair price, with economics at work keeping as a rental?   Keith Weinhold  29:53   I have and Florida has some builders that are almost desperate. I'm a long time investor. Know personally, directly in Florida, income property, Southwest Florida, places like Cape Coral, they have been ground zero for real estate depreciation, a contraction in real estate values year over year of 10% or more in some southwest Florida markets. So like the post pandemic, migration boom is certainly over in Florida. And you know, Kevin, as little as 10 years ago, people used to talk about buy in Florida. It's cheap, it's sunny, cheap and cheerful, like you would sort of hear that sort of thing about Florida real estate. That is no longer true. Florida just is not as cheap as it used to be. It's the same or higher than the national median home price now in Florida. So yes, some builders are rather desperate. The other benefit of buying new build, especially in a place like Florida, where a lot of new building has taken place and the supply actually exceeds the demand here in the short period. You can take advantage of that, not only by getting the rate buy down, but because homeowners insurance premiums are substantially less on new build property, because they're built to today's wind mitigation and other standards than they are existing property. I have a friend that just bought a new Florida duplex through us in Ocala, Florida. That's sort of a central, North Central Florida, on that new build duplex that he paid 400k for. I saw the actual insurance premium, the the rate sheet, $694.06 $694 694 so the benefit of buying new build is you get a lower insurance premium. You get these rate buy down. Sometimes what your builder will buy for you make for you rather and of course, you're probably going to have low maintenance costs for a long time, since it's a new build property, and you get a tenant that is probably going to stay longer than the average duration. They're the first person to ever live there. It's difficult for the tenant to improve their housing situation when they have a new build income property, unless they would go out and buy, and it's a very difficult time to go out and buy. So through that lack of affordability, really, the advantage for a real estate investor is tenants are staying put longer. The average tenancy duration is up because they can't run out and be a first time homebuyer.    Keith Weinhold  32:32   You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom, family investments.com/gre, or send a text. Now it's 1-937-795-8989, yep. Text their freedom coach directly. Again. 1937795898, 77958989   Keith Weinhold  33:44   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President chailey Ridge personally while it's on your mind, start at Ridge lending group.com that's Ridge lending group.com   Todd Drowlette  34:17   this is the star of the A and E show the real estate commission. Todd Rowlett, listen to get rich education with my friend Keith Weinhold, and don't quit your Daydream.   Kevin Bupp  34:38   That even trickles down to the to the space that we're in. We're in the mobile home park space. And while we don't have a lot of rentals inside of our portfolio, most of our residents own their home and they rent the land, but throughout our portfolio, we have roughly 400 units that we own that we have as standardized rentals, and we've noticed that trend as well. Historically. 10 years ago, you. Yeah, we track actually about, I can take it back about eight years, where we actually have data to support this. This claim is that our average renter would stay about 16 months. That was fairly standard. Whereas today it's over, it's nearly three years. At this point in time, the majority are staying nearly three in there's probably, there's some variables in there. You know, eight years ago, we weren't bringing a lot of new product into our communities, whereas a lot of the mobile home parks that we purchased today do have a lot of newer mobile homes in them. So again, to your point, it's, it's a it's a newer home. It's fresh. There might not be the first person that lived there, maybe they're only the second, right? But it's still a very new home. It's only a couple years old. All the appliances are new. It's fresh, you know, it's well insulated, and it's just a high quality product, but, but it's nearly double of what we used to experience and what we used to underwrite. It's, you know, which is, which is interesting. You know, I am, I want to, I want to circle back, you'd mentioned Cape Coral. I've got quite a bit, quite a bit of experience with Cape Coral. This is not the first time that Cape Coral and Port Charlotte in those areas have crashed. I mean, like, they've got quite an interesting history in time, back during the GFC, that area down there took probably one of the biggest hits in most of Florida, while, you know, the rest of Florida got, you know, pounded pretty hard with home values and decreasing home values decreasing rents, Port Charlotte, Cape, coral, in those areas as well. It's just It looks very different down there today. As far as you know, the job basis. I mean, there's a little bit more of a, you know, you know, an economy than what existed maybe 1015, years ago. But I don't know if you know the story of Port Charlotte. Is it some interesting history that you can if you want to spend some time, go on YouTube. There's some documentaries out there about, basically when that area was created. There's a two brothers that, essentially, you know, sold, subdivided and sold swampland and sold the dream to the northeast centers to come down and buy, you know, parcels of land down in Cape Coral, port, Charlotte and in that general area. And it took a lot of time for it develop over the years, but it's a beautiful area down there. But again, I think what happened to your point? A lot of folks during the covid era were wanting to come to Florida. We were fairly free down here. The sun was shining, you know, the Gulf of Mexico was warm, and that was a good value for a lot of folks. You know, the values were driving up there. Was home inventory down there. You got a good bang for your buck back at that point in time. But again, there's not, there's not as much as many amenities and supportive economy there. And then to me, there, like you might find in the Tampa area, or you might find Orlando, or even Ocala cow is a phenomenal market right now. And yeah, oh, Cal is, for those that don't you know you mentioned, you referenced the insurance there, which is, that's a great, that's a great price for that, that policy, you know, 700 bucks, basically, that is inland. For those that don't know the geography here in Florida, that is inland. So you are fairly protected from storms, you know, hurricanes and things of that nature, which crush us here on the on the Gulf Coast. But in any event, I just thought I'd share that there's some good, pretty cool documentaries out there in Port Charlotte, in the whole area down there, but a beautiful part of the country. But just Yeah, it's, it's suffering right now. There's, I think there's, I was looking the other day on Zillow. I just play around and check and see what waterfront home prices are going for. And down there, you can basically get a you can get a canal front home going out to the Gulf of Mexico for about $500,000 which was probably closer to 800,000 during, you know, the the boom era of 2021 2022 So historically, we used to buy properties down there. This is back in 2000 and 345, before the the GFC, we could buy those same properties for 150 and $200,000 waterfront home, waterfront homes, deep water canals going out to the Gulf of Mexico. But when it crashed, some of those homes were selling for $120,000 $100,000 so it's interesting to see how things have come kind of full circle multiple times, not just down there, but in all of Florida as well. Florida is always boom and bust. You know, I think they say that with you know, you could probably speak to that most of these coastal towns, whether it be in Florida, whether it be up the eastern seaboard, the coastal markets are definitely more of a roller coaster ride than the Midwestern markets, where you invest in would you? Would you agree with that?   Keith Weinhold  39:09   Yeah, I would. And yeah, you talk about Florida being a boom and bust, and what you said is certainly true in the shorter term. Back in the global financial crisis, we saw more price blood letting in Florida than we did in other states as well. But over the long term, the long arc, I'm bullish on Florida because of just the obvious constant in migration story. In fact, if you go back to decennial censuses, all the way back to the early 1800s every single decennial census, every 10 years, the population of Florida has rose, and it rises faster than the national average, almost all of those 10 year periods. So yeah, over the long term, I certainly like Florida, but Yeah, you sure can, you know, nitpick over the. Short term, but as little as five years from now. If you bought today, as little as five years from now, I could see someone saying, like, yeah, I bought back five years ago, because we're actually in a in a short term, overbuilt condition, and builders bought down my rate. For me, this could look savvy and this could look wise. So if you're looking for opportunity, new building Florida is definitely something to look into.   Kevin Bupp  40:22    I agree. No, absolutely. Like, the long term, you know, opportunity here in Florida, it's there, you know, it's interesting. We've got the we get these hurricanes every year. Last year was a pretty impactful year, at least here on the on the Gulf side, and the neighborhood I lived in, we got flooded. Luckily, our homes in newer builds built up. But, you know, 70% of the neighbor I lived in had 444, or five feet of seawater. And as did the, you know, the long stretch of the Gulf Coast here, and it was the first time this area has ever this immediate air right where we live, has ever had a it wasn't even a direct hit. It just happened to be a massive storm surge. But it was, you know, catastrophic as far as the damage that it did. And a lot of folks that we knew in our neighborhood here. Have lived here for 1020, 3040, or 50 years, and they had never had any floodwater whatsoever. And and there was two camps where they fell in either one camp where they didn't, they whether they had the money to rebuild or not, didn't matter. Like, mentally, they were never going to end up. They were never going to deal with that again. They were moving away, like they just didn't want to go through the heartache of that again. In the second camp, we're basically, I knew it was going to happen at some point in time. This is the kind of price to live, to pay, a live in paradise and and what ultimately occurred is, you know, you saw homes going up for sale, and in the initial chatter for those that that were impacted, is that, who's going to buy that? You know? You know, they're not going to get hardly anything for it. You know, it's just like, who's going to want to live here now that has been flooded. I said, Just wait. I'll say people have us as human beings, have short term memories. We do and and I can promise you, within a few months, those homes will be gobbled up, some will be knocked down, some will be rebuilt, but inevitably, the prices will come back incredibly strong, and you'll see very limited inventory, at least in desirable markets that are here on the water. And that's exactly that happened. Within six month period of time, prices are back up. You can't get your hands on a flooded property now, or one that had been flooded, right?   Keith Weinhold  42:12   I can believe it. And this is not the way that you want to have a waterfront property when the water inundates you and comes to you, that is not the way to buy waterfront property.   Kevin Bupp  42:23   Yeah, interesting, but, uh, no, Keith has been a fun conversation, my friend. So let's, let's talk about, you know, I like to you'll peek inside your brain if you were going to start all over again, from scratch, you know, you've been at this now, what? How long? Almost two decades. It's been, been quite   Keith Weinhold  42:38   Yes, yes, more than two decades. Is that what you're asking, how would I start, starting from today?   Kevin Bupp  42:47   Yeah, like, what would you do? Where would you focus, what asset type and any particular strategy outside of what you're doing today? You know, where would you focus your time?   Keith Weinhold  42:55   Actually, it is quite a coincidence. The way that I would start all over again in real estate is the way that I did start in real estate. It worked out phenomenally, in a way it makes sense, because if it hadn't worked out phenomenally, you never would have heard of me, and I wouldn't have become this real estate thought leader or whatever, because this is a way, an everyday person with virtually no real estate knowledge and very little money. Can start out, what I did is I made the first ever home of any kind, a four Plex building where I lived in one unit and rented out the other three. This is something very actionable for your for your audience as well, Kevin. Or if maybe you're a listener that has a an adult daughter or son and they want to get started in real estate with a bang without much money, is to buy a four Plex, just like I did. You can use an FHA loan, a three and a half percent down payment. You have to live in one of the units at least 12 months, and at last check, your minimum credit score only needs to be 580 now you will get a lower interest rate if you have a higher credit score. But those are the only three criteria you need. I mean, what a country talk about? The American Dream. You can use that FHA program with a single family home, duplex, triplex or fourplex, that's the formula. That's how I began. Actually ended up living there a little more than three years. But what that did for me was remarkable, and in fact, you know what it taught me? Kevin and every listener can benefit from this. It's paradoxical. A lot of times I say things that you would not expect to hear that make you go, wait what? Whoa, how can that be? Is what it taught me is that I don't want to focus on getting my money to work for me. You probably wouldn't expect to hear that. It's actually a middle class paradigm to say, well, I don't want to work for money. I also want to get my money to work for me. I'm telling. You that that's going to keep you middle class, or worse, that's going to keep you working until old age, and you won't have an outsized life and retirement and options. If you think that the best and highest use of your dollar is getting your money to work for you, it's not what's the paradigm shift if this four Plex building taught me the way I started out, which is still the way that I would start out today, and you probably heard this before, but I'm going to put a new twist on it. Is you want to ethically get other people's money to work for you, and we can be ethical. We can do good in the world. Provide housing that's clean, safe, affordable and functional. Never get called a slumlord that way. You can employ other people's money three ways at the same time, ethically by buying an income property with a loan, like we've been talking about in Florida, or with this fourplex building. How do you do it three ways at the same time, using the bank's money for the loan and leverage, which greatly amplifies your return beyond anything Compound Interest can do. The second of three ways you're ethically employing other people's money is you're using the tenants money to pay for the mortgage and some of the operating expenses on this fourplex. And then the third way you're simultaneously using other people's money is using the government's money for generous tax incentives at scale. So the lesson is that the best and highest use of your dollar is not getting just your money to work for you, it's other people's money, in this case, the banks, the tenants and the governments. That's what you can do. I mean, what an opportunity. A lot of people just don't even know about that FHA program.    Kevin Bupp  46:41   Yeah, I actually, I wasn't, I wasn't aware that it was that low of a down payment key. That's no idea. Three and a half percent, you said, a 550 credit score, believe me, 580 minimum credit.   Keith Weinhold  46:51   And you have to, thirdly, you have to owner occupy a unit for at least 12 months. And hey, I'm not saying it's always easy. You know, you got to think about that. Your neighbors are also your tenants. And I don't know how to fix stuff. I still don't. I'm a terrible handyman, but it's good to learn a little about about human relations. And you know, letting finding a general way to let the tenants know that you have a mortgage to pay every month. I mean, just that alone can can help them ensure timely rent payments. But, and this also doesn't mean every area, or every four Plex building is is good, but, yeah, that's the opportunity. That's how I started. I would totally do it again.   Kevin Bupp  47:27   Can you use that FHA program more than once? Or is that just the one time you know your first, first, first primary home purchase?   Keith Weinhold  47:34   It's generally you can only use one at a time. There are some exceptions, like if you and your job move, like, a certain mile radius away from where you got the first one, but, yeah, generally it's only going to be one at a time. A lot of people don't use it. Don't know about it. In fact, if you have VA benefits, Veterans Administration benefits, you can get a similar program, like I was talking about, but zero down payment, rather than three and a half with an FHA loan. It's a really good, amazingly good opportunity.    Kevin Bupp  48:05   That's incredible. That's incredible. Keith, my friend, I appreciate you coming back going. It's always good to catch up with you. Good to see that you're doing well.   Keith Weinhold  48:17   Oh yeah, a terrific chat there with Kevin. I hope that you like that really. At our core, real estate investors are not day trading. We are decade trading. Now I'm in western New York today, at the other end of the state, NYU compiled some terrific statistics that you want to hear about for nearly the past 100 years. It is the annualized returns of six major asset classes. This spans, the Great Depression, a number of recessions, World War Two, the New Deal, gold standard, abandonment, brendawoods, the Cold War, Civil Rights Movements, oil shocks, Volcker rate hikes, the.com boom and crash, the 911, attacks, the housing bubble, covid, 19, AI revolution and 16 presidencies, all those ups and downs and war and peace and economic booms and economic lows, and now there is going to be a mild tongue in cheek element here, because stats like this drive real estate investors crazy, but this is often how mainstream media portrays asset class comparisons. All right, the six asset classes are stocks, cash, bonds, real estate, gold, and then inflation, which isn't in an asset class, but it's a benchmark. All of these begin from the year 1930 so spanning almost 100 years. Let's take it from the lowest return to the high. Best return the lowest is inflation. And what do you think the CPI inflation rate is averaged over the last 100 years? Any guess at all? You might be surprised. It is 3.2% Yeah, even though the Fed's CPI inflation target has long been 2% it runs hot longer than most people believe. So therefore, today's inflation rate isn't high, it's just normal. The next highest return is cash at 3.3% How did NYU measure that the yield from three months T bills? Next up is bonds. They returned 4.3% that's the 10 year treasury average of the last 100 years. The next highest is real estate at 4.7% that uses the K Shiller Index. Now we're up to the second highest. It is gold at 5.6% and the highest is stocks at 10.3% using the s, p5, 100, and this was all laid out in a brilliant chart that also shows the returns by each decade for all of these asset classes. You'll remember that I shared the chart with you in our newsletter a few weeks ago. Now you are smarter and more informed than the layperson is, you know, but they see this chart and they think, Oh, well, that's it. I've got my answer. Real Estate's 4.7% appreciation loses out to gold's 5.6 and stocks 10.3 and then they go back to watching Love is blind. But of course, rental property owners like us know that we often make five times or more than this 4.7% when we consider all those other income streams and profit centers, leverage, rents, ROA and inflation, profiting on our debt, it's often 25 to 30% total. It's sort of like judging a Ferrari by only measuring its cupholders or something. Now, would stocks 10.3% get adjusted up as well? Yeah, probably a little, because the s and p5 100 currently averages a 1.2% dividend yield, so that might be added on the 4.7% return for real estate. That cites the popular Case Shiller Index. And the way that that index works is that it uses a repeat sales methodology. So what that means is that the Case Shiller measures the sales price of the same property over time. Therefore a property would have to sell at least twice in order to be measured by this popular and widely cited K Shiller Index. So then the 4.7% appreciation figure excludes new build homes, and new builds appreciate more than existing homes, but you do have more existing homes that sell the new build homes, so we can pretty safely assume that real estate's long term appreciation rate is higher, likely between five and 6% there it is. So yeah, making comparisons across asset classes like this is pretty tricky, because investment properties leverage and cash flow gets nullified. And when you make comparisons like this, it's a big reminder that even if you can't get much cash flow off a 20 or 25% down real estate payment, sheesh, most people put a 100% payment into stocks, gold or Bitcoin, and they don't expect any cash flow. And Bitcoin isn't part of what we're looking at for this century long view, because it did not exist until 2009 and also NYU had to use some alternative statistics. Sometimes the s, p5, 100 index only came into being in 1957 and the Case Shiller Index 1987    Keith Weinhold  54:02   next week here on the show, I expect to answer your listener questions from beginner to advanced. You've been writing in with some good ones for the production team here at GRE. That's our sound engineer, Vedran Jampa, who has edited every single GRE podcast episode since 2014 QC in show notes, Brenda Almendariz, video lead, brendawali strategy talamagal, video editor, seroza, KC and producer me, we'll run it back next week for you. I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 3  54:36   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.   Speaker 2  55:04   The preceding program was brought to you by your home for wealth building, get richeducation.com  

The Collapse of the Soviet Union was twice as devastating as the Great Depression for those who lived there. It immediately led to widespread economic chaos and a breakdown of public services, plunging millions into a difficult period where mere survival was the priority. As one Russian described, after hyperinflation wiped out their family's savings, "my parents still had the same 50,000 rubles... But by then, all they could afford to buy with it was a pair of winter boots for my mother." There was optimism that democracy could emerge, but thirty years after the collapse of the USSR, the victory over totalitarianism feels alarmingly short-lived, with the unresolved unraveling of the Soviet empire now directly fueling global crises like the war in Ukraine. The people currently in power in Russia, belonging to what some call the last Soviet generation--meaning they absorbed Soviet culture but not Soviet faith--carry a deep, cynical disbelief in democracy and human rights, demonstrating how the core structures of empire remain entrenched in the governing forces today. Today's guest is Mikhail Zygar, author of The Dark Side of the Earth: Russia's Short-Lived Victory Over Totalitarianism, and we explore his decade-long investigation, drawing on hundreds of never-before-public interviews with figures like Mikhail Gorbachev, the first leaders of post-Soviet republics, and democracy activists, to reveal how the USSR's demise was primarily driven by a collapse of faith in communist ideals, and we examine the parallel it creates for liberal democracy today.See omnystudio.com/listener for privacy information.

From Harding's Success to FDR's Political Evolution — David Pietrusza — Herbert Hoover chose affiliation with the Republican Party, finding the Democratic Party either excessively radical or institutionally corrupt. Hoover's persistent inability to establish authentic public connection ultimately undermined his effectiveness during the Great Depression. FDR, by contrast, was politically mature and experienced significant personal transformation after contracting polio in 1921, developing genuine empathy and becoming a disciplined, calculating leader who mastered radio communication with the American people. Learning from Wilson's diplomatic failures, FDR ensured that future international commitments, notably the United Nations, incorporated substantive consultation with Republican leadership and bipartisan support. 1929