Podcasts about Great Recession

Breaking the Chains of Burnout: Michael Levitt's Journey to Redemption In this raw and deeply personal episode of 'Your Message Received,' host John Duffin delves into the harrowing journey of Michael Levitt, founder and Chief Burnout Officer of the Breakfast Leadership Network. Michael recounts his devastating year of burnout, marked by a near-fatal heart attack, job loss, car repossession, and home foreclosure. Highlighting the critical importance of addressing burnout, Michael shares his hard-earned wisdom on delegating tasks, establishing boundaries, and transforming toxic workplace cultures. The conversation offers gritty, no-nonsense advice for leaders striving to avoid the pitfalls of extreme stress and guiding their teams towards healthier, more productive lives. This is a must-listen for anyone on the brink of burnout or leaders determined to foster a resilient and supportive work environment.To learn more about Michael Levitt, including Michael's own podcast, check out these links below. https://bfastleadership.podbean.com/https://www.instagram.com/bfastleadership/00:20 Welcome to Your Message Received Podcast01:09 Meet Michael Levitt: Burnout Specialist02:32 Michael's Personal Burnout Story03:23 Rebuilding After Burnout04:19 The Impact of Burnout on Leadership05:03 Michael's Year of Worst Case Scenarios07:19 The Great Recession and Its Aftermath07:56 Relocation and Family Challenges12:34 The Cycle of Poor Decisions13:20 Breaking the Cycle: Small Steps to Recovery14:32 Creating Pattern Disruptors15:48 The Importance of Scheduling Enjoyable Activities28:59 Delegation and Team Growth33:33 Overcoming the Fear of Letting Go34:34 Understanding Leadership and Generational Differences35:27 Creating a Flexible Work Environment36:22 Aligning Company Mission and Vision38:02 Adapting to Change and Seizing Opportunities38:47 Effective Grant Writing and Preparation41:14 Breaking Down Silos in Organizations47:06 Engaging with Younger Generations52:01 Building Confidence and Overcoming Negative Thoughts57:11 Resilience and Personal Growth01:01:38 Final Thoughts and Contact Information

Conventional wisdom is brimming with economic myths: the Industrial Revolution impoverished the masses; bobber barons were the scourge of the Gilded Age; the Great Recession was caused by irresponsible deregulation. Senator Phil Gramm and economist Don Boudreaux attempt to set the record straight in their new book, “The Triumph of Economic Freedom: Debunking the Seven Great Myths of American Capitalism.”

"I used to think I had it all together—until I saw my own Facebook post saying I was studying in the library the same semester I failed every class." This brutally honest, powerful, and uplifting Detroit is Different episode features Shawntae Harris Mintline, Detroit Center Director for Grand Valley State University's OMNI program, who shares her incredible story of resilience through housing insecurity, financial struggle, and academic burnout. From couch surfing through the Great Recession to eventually earning multiple degrees and shaping innovative higher ed solutions, Shawntae breaks down how navigating systemic gaps turned her into an empathetic, radically student-centered leader. With raw reflections on poverty (“It costs more to be poor”), emotional truths about being a first-gen college student, and sharp insights into building support systems for adults with unfinished degrees, Shawntae shows how lived experience becomes expertise. Hosted by Khary Frazier, this episode is a masterclass in how personal transformation meets institutional change—with Montell Jordan playing in the background and a trip to Bert's BBQ sealing the Detroit stamp of approval. Tune in to hear why Grand Valley's Detroit Center is not just another campus—it's a place where doors open, people say “yes,” and education bends to meet you where you are. Detroit is Different is a podcast hosted by Khary Frazier covering people adding to the culture of an American Classic city. Visit www.detroitisdifferent.com to hear, see and experience more of what makes Detroit different. Follow, like, share, and subscribe to the Podcast on iTunes, Google Play, and Sticher. Comment, suggest and connect with the podcast by emailing info@detroitisdifferent.com

Advisors on This Week's Show Kyle Tetting Dave Sandstrom Kendall Bauer (with Max Hoelzl and Joel Dresang engineered by Jason Scuglik) Week in Review (May 12-16, 2025) Significant Economic Indicators & Reports Monday No major announcements Tuesday Broad inflation slowed in April to its lowest point in more than four years. The Bureau of Labor Statistics reported that its Consumer Price Index rose 2.3% from April 2024, still outpacing the Fed's 2% target but down from a four-decade high of 9.1% in mid-2022. Shelter costs c0ntributed more than half of the month's increase while grocery prices fell the most since mid-2020. Egg prices dropped nearly 13% from March but were 49% more expensive than they were in April 2024. The 2.3% year-to-year inflation rate was the lowest since February 2021. Excluding volatile costs for food and energy, the core CPI rose 2.8% from the same time last year, the same pace as in March. Wednesday No major announcements Thursday Inflation on the wholesale level registered a 2.4% annual increase in April, slowing for the third month in a row. The Producer Price Index was down 0.5% from March, the first decline in 16 months and the most since April 2020. The Bureau of Labor Statistics said the index shrank mostly because of lower prices for services, led by margins for machinery and vehicle wholesaling. The core rate of wholesale inflation, stripping out volatile prices for food, energy and trade services, sank 0.1% for the month and was up 2.9% from April 2024. Retail sales slowed in April, though consumers kept spending, according to a report by the Commerce Department. Advanced sales by retailers and food services rose 0.1% from March. Among 13 major categories, five increased sales from the month before, including bars and restaurants. Sales at supermarkets and liquor stores were unchanged. Car dealers and gas stations were among the outlets where sales declined. Adjusted for inflation, retail sales fell 0.2% in April. Economists follow store signs as an indication of consumer spending, which drives two-thirds of the U.S. economy. The four-week moving average for initial unemployment claims rose for the third week in a row, rising to its highest level since October. The measure of employer willingness to let workers go was 36% below the 58-year average, suggesting a continued tight labor market. According to Labor Department data, total jobless claims fell 3% from the week before to just under 1.9 million applications, which was nearly 6% higher than the year before, The Federal Reserve said its industrial production index was unchanged in April, though 1.5% above where it stood the year before. Lower output from manufacturing and mining was offset by increased production by utilities following an unseasonably warm March. Factories produced 0.4% less than March and were up 1.2% from April 2024. Industry's capacity utilization rate fell marginally to 77.7%, staying below the 52-year average of 79.6%. Seen as an early indicator of inflation, the capacity rate has been safely under the long-range average since late 2022. Friday Housing construction in April stayed in a relatively narrow band that has accompanied higher interest rates since mid-2022. A Commerce Department report on building permits and housing starts showed the indicators on par with levels in early 2007, just before the Great Recession. The number of houses under construction has been declining since late 2023 but remained near the housing boom peak of 2006. Economists have blamed a lack of inventory for years of escalating housing prices. The University of Michigan said consumer sentiment sank slightly from the end of April following four months of sharp declines. Since January, sentiment was down nearly 30%. More consumers spontaneously mentioned tariff uncertainty as reasons for angst for the economy and their personal finances.

The Resilient Leader's Journey Podcast focuses on navigating challenging currents of growth & change. In this episode, Jim Hagerty shares his insights on leadership, community service, and the importance of empathy in guiding organizations. He discusses his experiences in banking, the challenges faced during the Great Recession, and the significance of communication and trust in leadership roles. Jim emphasizes that self-confidence is a learned trait developed through experience and reflection, and he draws parallels between leadership lessons and fictional characters, highlighting the impact of storytelling in understanding leadership dynamics.  Chapters 04:03 The Importance of Community Involvement 06:45 Empathy in Leadership 12:49 Building Self-Confidence in Leadership 15:47 Navigating Change and Risk Management 21:45 Leading Through Uncertainty

Recently, the U.S. has experienced several financial crises - all of them hard on American families.  In 2008, over eight million Americans lost their jobs in the Great Recession. In 2020, unemployment was at 13 percent thanks to the COVID pandemic. By early 2025, the economy had recovered and unemployment had dropped back to the 4 percent range. Then sweeping new tariffs sent the stock market reeling.  Vicki Bogan, who studies household finance, inequality and investment decision making, talks with Manoj Mohanan, Interim Dean of the Sanford School of Public Policy at Duke University, about what this latest financial shock might mean for families. Read show notes/transcript at our website.

In this week's episode, Tracy sits down with journalist and author Brian Reisinger to discuss one of the most pressing — yet overlooked — issues in agriculture today: how farmers continually get caught in the crossfire of government policy, global trade, and economic upheaval. Brian is the author of the powerful book Land Rich, Cash Poor: My Family's Hope and the Untold History of the Disappearing American Farmer, which traces the historical and ongoing struggles of farmers against a backdrop of political decisions that too often leave them behind. From the trade wars and tariffs of today to policy decisions made over a century ago, Tracy and Brian explore the deep and often devastating connection between government policy and farm economics. They unpack how the American farmer has repeatedly gotten the short end of the stick—despite feeding the world.

It this DAV Podcast, Elizabeth DePompei interviews Carl Churchill, a decorated army veteran and the driving force behind Alpha Coffee. This veteran-owned coffee company, established on September 11th, 2010, operates with a compelling dual mission: delivering exceptional, high-quality coffee while steadfastly supporting veterans and the broader community. Carl recounts his transformative experiences at DAV Patriot Boot Camp, which significantly influenced Alpha Coffee's journey, tracing the company's beginnings from a personal challenge during the Great Recession to its current status as a thriving enterprise deeply committed to service. Listeners will learn about Alpha Coffee's foundational principles of ethical and sustainable sourcing, meticulous roasting, and a strong ethos of giving back to veterans, women's initiatives, and environmental protection, highlighting their dedication to quality from global partnerships to the perfect brew. This episode provides valuable perspectives for coffee enthusiasts, advocates for veteran-owned businesses, and aspiring entrepreneurs alike, showcasing Alpha Coffee as more than just a beverage company—it's a powerful symbol of veteran resilience, dedication, and community spirit.

In this episode, Chris Davis, founder of Davis Capital Partners, shares his journey from the mortgage industry to multifamily real estate investing. He discusses the evolution of the mortgage industry, the impact of the Great Recession, and the lessons learned from his experiences in real estate. Chris emphasizes the importance of cash flow in investments, the appeal of multifamily properties, and the growth potential in Northwest Arkansas. He also provides insights on diversification in real estate, finding the right partners, and offers advice for aspiring investors.Learn more about Lone Star Capital at www.lscre.com Apply to attend the LSC Summit 2025: www.lscsummit.com Get a FREE copy of the Passive Investor Guide:https://www.lscre.com/content/passive-investor-guide Subscribe to our newsletter and receive our FREE underwriting model package:https://www.lscre.com/resource/fof-underwriting-toolkit Follow Rob Beardsley:https://www.linkedin.com/in/rob-beardsley/Read Rob's articles:https://www.lscre.com/blog 

Zach Hill from The Hill Team in Seattle, Washington, shares his journey from public policy studies to leading a successful real estate team alongside his wife, Jody. Host Lucas Sherraden delves into Zach's insights on overcoming early career challenges, the importance of consistent client follow-ups, and systemizing success. Learn how Zach navigated the Great Recession, developed essential leadership skills, and focused on lead generation. This episode underscores real estate's demanding yet rewarding nature, especially during volatile markets, offering valuable lessons for both new and seasoned agents. Connect with Zack @ https://www.thehillteam.com/ ---------- Visit www.builthow.com to sign up for our next live or virtual event. Part of the Win Make Give Podcast Network

In this power-packed episode, Keith delivers a masterclass on the current real estate landscape, blending personal insights with market-changing trends. From the nuanced world of home flooring to the pulse of national housing markets, Keith breaks down complex real estate dynamics into actionable intelligence. The episode reveals a market at a critical inflection point: declining home sales, shifting apartment dynamics, and emerging investment opportunities. Keith provides listeners with a strategic roadmap to navigate these changes, emphasizing the importance of adaptability and informed decision-making. Exclusive Takeaway: Get Rich Education offers free investment coaching to help you turn these insights into wealth-building action. Your real estate success journey starts here. Free Resources: Connect with a free GRE investment coach at GREinvestmentcoach.com Show Notes: GetRichEducation.com/552 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments:  You get paid first - Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai    Keith Weinhold  0:00   Keith, welcome to GRE. I'm your host. Keith Weinhold, there's been a real estate tragedy in my family. Then this past month, national home sales have plummeted to their worst level since 2009 then something is happening in the market for apartment buildings that shocked everybody and more all today on get rich education.    Speaker 1  0:24   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 guessing the 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   Speaker 2  1:09   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  1:25   welcome to GRE from Montreal, Quebec to Montrose, Michigan and across 188 nations worldwide. I'm Keith Weinhold, and you are back inside get rich education here in our 11th year, you're listening to one of America's longest running the most listened to shows on real estate investing, indeed, the 552nd consecutive week before we delve into the sad topic of terrible national home sales, the worst since 2009 which is a serious topic, first, a bit More of a light hearted topic, a real estate tragedy of sorts, has taken place inside my family, right inside my parents home, the same home that I grew up in. And you know, it's been a while since I had a good rant in an episode. So before we get to our core content today, my parents just replaced the nice, plush, warm, soft, inviting wall to wall carpets in both of their living rooms with laminate, hardwood floor. Oh no, this is disastrous. I mean, this is an abject property atrocity right in the home that I grew up in. Now, if you're a longtime listener, you know what I'm talking about. If you're newer here, it's probably been a couple years since I mentioned it. You know, everyone has their own quirks and idiosyncrasies, like you have certain ways of thinking about some things in your life, where you just know that you're in the minority of society with how you behave with that thing. Yeah, there are some things that you're counter cultural on. It's part of your unique personality, and it's what makes you you, well, one of my real estate idiosyncrasies and unorthodoxies is that I love deep, plush carpet, not hardwood floor, and hey, I don't expect you to agree with me on this. It's what makes me different. Now we'll talk about the flooring that you choose to use in your rental units in a moment and compare their prices and when you might want to use those things and when you don't. But we're just talking about home here, the flooring that you live on your primary residence. Why would anyone replace carpeting with hardwood, plank flooring? It is uninviting. It is cold, hard, and it even transfers noise more than quiet, comfortable, plush carpeting. And yes, hardwood floors can be heated. And some homeowners do that. They use what are called radiant heating systems, and they are installed beneath the floor, and these systems use either electric cables or sometimes mats or hydronic tubing, which are pipes filled with hot water in order to radiate that heat upwards into the floor. Now, something like that is what you'd be more likely to do in your own home, and not a rental unit, but even if you do that, hard floors are still, well, hard and noisier, like I just don't get it deep, plush carpet is superior. I'm not talking about the shag carpet that was popular 50 years ago, just plush carpet that hit its peak. In the 1990s Oh yes, that is the stuff I'm telling you. I mean plush carpet. That is the stuff that turns a house into a home. Well, my parents did just the opposite. They turned their home back into a house. Oh, dear. And, hey, it's their home. They can do whatever they want. Now, what are the main reasons that I hear about why people prefer laminate, hardwood flooring or luxury vinyl plank flooring over carpeting? That's what the majority of people want to do, and that's not what I want. Well, one reason, and this is the main reason that my parents did it, is that it looks nicer. In their opinion, looks nicer. I don't get it at all. I mean, even most cheap $1,000 apartments have been using like hardwood, plank flooring for close to 25 years now, there's nothing special about the way that it looks. Most of it anyway, some of it can look pretty cool. Now, some people want the hardwood because, well, they say that it's easier to clean. Easy to clean. Why in the world would you have trouble keeping your own home clean? I mean, if there's any space in the world that you keep clean, it is your humble abode. Now I know that it's easier for me to say that because I don't own any pets and still don't have kids, maybe you do replacing carpet for hard flooring is just an unspeakable act. What an uncalled for abhorrence, a repugnance. Other reasons that people say they prefer hardwood or vinyl plank over carpet is that it is allergy friendly. All right. Well, I don't have any trouble with allergies. But here's the thing that's even more confounding, most people that install a hard flooring. Well, the next thing that they do, and this is exactly what my mom and dad say that they're going to do next now that they put the hardwood floor in, is find some area rugs and cover it up so people put carpet on top of the hardwood floor anyway, but then yet, that carpet cannot be plush and padded underneath like real Carpet would be, because it's just like a piece that's rolled out, plus it cancels out, then all these pet friendly and allergy free benefits, plus it might be even harder to clean, because now you got to clean both the carpet and the edges of the room where the stupid hardwood flooring is showing I mean, it makes zero sense, so this just all compounds how I am confounded on how almost everybody in the world, it seems they want hardwood floor. I feel like I'm the only person in the world sticking up for carpeting. I do not expect you to agree with me here. It is just my, I guess, oddball preference. I also do a lot of exercises down on the floor. That's where the best high intensity interval training workouts take place. Down on the floor. Plush carpet is best for that too. Oh, the myriad reasons that carpet is superior, I'll tell you. Well, I'll next be staying at my parents place in two months, as I'll spend a lot of July there, and that's when I will first be witness to this transgression, this incomprehensible abomination. I mean, it is almost malfeasance.   The reason that I care more about this than most sons of parents would is that my parents have lived in the same home since I was age one. I have a lot of memories there, and when I visit my parents in rural upstate Pennsylvania, I sleep in the same exact bedroom that I have since age one. Really special continuity there. What's more important than the flooring changing in the two living rooms is that, like I've told you before, I won the parent lottery, I did not have an affluent upbringing, but my brother and I had a top 1% childhood anyway, because we have two married, committed parents that are still together, still healthy and loved us. I phone my parents at least weekly, and I send them messages all the time. I guess it's a good time to think about that as this is the last episode before Mother's Day, and if you did not win the parent lottery, like I did in the way that I just described. Well, the good news is that you can do something about it. You can provide that same stable, nurturing environment to your children, and that way, they will win the parent lottery. Now, when it comes to. My rental properties, I do have hardwood flooring virtually everywhere and in every property, from single family rentals up to apartment buildings, because I don't have to live on it now, I probably do have some bedrooms in those rentals where there's carpeting, yeah, I mean hard floors that makes sense for the durability in a rental. I mean, with rentals, you might have to replace the carpet every three to five years. That is cost prohibitive. So for real estate investing, hardwood flooring, which, again, it's really a trend that became widespread in America about 25 years ago. I mean, that trend was really good for real estate investors. Tenants actually prefer this intolerable condition, perhaps much like you do. Now let me talk about five main types of flooring, how much they cost per square foot, and where you might want to use different flooring types in different situations, as we've already established. For me, it is carpet, carpet, carpet, wall to wall, everywhere, except for kitchens, bathrooms and maybe the laundry room. Seriously, though, for you and how you want to think about this and these prices include the total for both the material and the installation is for hardwood plank flooring, which is that atrocity that my parents committed. Expect to pay about $25 per square foot. And of course, all these costs are going to vary based on the wood species, the finish and the part of the world that you're in for LVP, luxury vinyl plank that's about $8 installed. LVP is a good choice because it mimics the hardwood esthetics. It's waterproof, and as you can see there, its cost is less than half of that of hardwood plank. So LVP can be a good choice for bathrooms and maybe a kitchen, and though the name luxury might be cheapened or diluted somewhat in that name, LVP, it's a bit over named. I suppose it's that that name is given to help distinguish it from vinyl flooring. Because when you hear the term vinyl flooring, what do you think of you think of sheets, something that comes in a roll in sheet vinyl only costs maybe about $5 installed. And then carpeting installed, my favorite at home, but not in rentals that costs about $6 per square foot. And then the last major flooring type is tile, and the cost of tile is really all over the place because of its different material types. Tile can be made of so many things, going from cheapest to most expensive ceramic. That's about $20 per square foot. Again, this is the cost installed for both the materials and the time it takes to install it, porcelain, 20 to 25 natural stone tile can be 40 bucks or more, and then glass tile can be a little more expensive than that, yet. So those are the approximate prices for your flooring, what you can expect to pay because, of course, plank flooring and tile, it doesn't have to be replaced as often as carpet and sheet vinyl. That's something to keep in mind when you think about those prices. But yeah, I have bought apartment buildings before, where, when I bought it, every unit was carpeted, and then as each tenant moved out, one by one, I would have my property managers contractor replace it with hard plank flooring, the radiant heat that you'd place beneath hard flooring that I described earlier, that is cost prohibitive to put in a long term rental in almost every case, that's something you'd only want to do in your own home, or maybe, just maybe a luxury short term rental in a cold climate, Like a ski resort town or something like that. So yes, you have now learned about one of my odd quirks, and you've learned about flooring types. Another of my idiosyncrasies is my preference for back scratching rather than massages. But that has nothing to do with real estate, and we've got more important topics to move on to heck. Come on, though, you might have some weird quirks, even more weird than mine. In fact, maybe real estate investors in general have more quirks than mainstream society. Because, you know, real estate investing is a little countercultural itself, right? We own things that pay us to own it every month with mainstream society and 401, KS, you have to pay it with every paycheck. Now. Who in the heck would do that?    The title of this week's episode has to do with the fact that spring existing home sales are now at their worst level since two. 2009 the worst in all that time. Now, and understand when I say home sales, that means the volume of sales, the number of transactions. We're not talking about the prices now, the outlook for home prices is also less rosy now as well. I'll get to that shortly. But why are the number of property transactions at their lowest level in 16 years like this? Let's listen in to Diana Olick at CNBC. She's talking about March, but that's the newest month reported. You got to remember that real estate stats run in arrears more so than most essay classes. This report is a real bellwether for the spring housing market and how this year could turn out. This is a little over a minute, and then I'll be back to comment.   We also have some housing data just cross the tape. Diana olik Has that for us. Diana, Well, David, existing home sales in March fell a much wider than expected, 5.9% from February to a seasonally adjusted annualized rate of 4.0 2 million units sales down 2.4% from March of last year, and that is the slowest March sales pace since 2009 the Great Recession. Now remember, this count is based on closing, so its contracts likely signed in January and February, when mortgage rates were over 7% but it was before the market volatility of April, supply is rising fast, 1.3 3 million units for sale at the end of March, up nearly 20% from the year before. That makes a four month supply, which is still on the lean side. Six months is considered a balanced market. More inventory and slower sales are starting to put the chill on prices. The median price of an existing home sold in March was $403,700 that's still an all time high for the month, but it's only up 2.7% from last March, and that annual comparison is shrinking. First time, buyers made up 32% of the market, the same as last year, they should be around 40% all cash dropped to 26% from 28th the year before, but investors house steady at 15% of sales. Sarah, all right, have a bad combo, weaker sales, higher prices. Diana, thank you very much. Diana Olek.   okay, we just learned that the latest month shows the slowest spring housing market for that month since 2009 and that the supply of available homes is up 20% since last year. All right? Well, if the supply of homes is up, then why is the volume of sales down? Well, it's the same reasons that we've had for a couple years soured affordability and the ongoing lock in effect, and that soured affordability is just more set in I hope you caught it. Note that this 16 year low in sales volume is for existing homes, okay, brand new home sales are healthier. The nation is still undersupplied of housing Overall, though, with four months of supply, of course, six months is that balance point. Now, the worst news here, with this low sales volume is not affecting the homeowner or the investor. It is affecting the renter somewhat more, because they're having to stay as renters. But it's really tough. Just horribly bad news for people that are in the business of home sales, like realtors and other agents. Mortgage lenders are losing business too. So are title insurers, moving truck companies, furniture companies, and for those consumers in the market to buy and sell homes. It's actually troublesome news for society. Less residential mobility means less economic mobility and more people stuck in place. And how are we going to get Americans moving again? It is lower mortgage rates. It's probably not going to come from a substantial lowering of prices. Prices keep rising, as you heard in that clip, up 2.7% year over year, but as we look out in future months, you know, I can feel it. Price growth seems to be flattening out. Zillow and some other agencies have lowered their home price appreciation forecast for the year, I really keep up on this stuff in research, in my estimate is that the consensus is that there will be zero to 2% home price growth this year. That's not me saying that. That's me amalgamating what others say, and they don't always get it right, and this year still has a long way to go, but you know, there is just this sort of general malaise in the real estate market where there's not a lot of activity for primary residence buyers. In that clip, you heard that investor purchases are steady, constituting 15, one 5% Of home purchases, just like they did in the previous period. So that's what a low sales volume means, and that's who is affected. It is not a vibrant market out there. I still don't see anything on the horizon that could make home prices jump as much as 10% this year, not even substantially lower mortgage rates could do that. In my opinion, tariffs impact to construction costs over the next few months. You know, it's probably quite a bit less than you think. The prevailing current view among the number of developers for now is that construction costs will increase between one and 3% on wood frame builds. And wood frame builds that represents the vast majority of apartment and build to rent projects and now that one to 3% that's by no means immaterial, but it's also not some crazy surge like some headlines have suggested. So as you're out there listening to media reports on the housing market, as you can see, you've got to listen closely to what you're being told. The volume of sales and the median price are two very different things, and they're both moving in different directions, sales down, price up, also the existing home market and the new build home market are, of course, different, but you got to listen closely sometimes in order to pick that up. That also helps to be attentive to if you hear that new build prices are falling, you got to think about what that means, because in recent years, builders have responded to weak affordability by building smaller homes to try to make them more affordable, so they might be selling for actually more money on a square footage basis, even though their price is lower, it's because the homes are smaller. And then another thing is, when you hear that sellers are cutting prices, be attentive to what that really means. For example, say that median home values in an area are 450k and if a seller advertises a perfectly median home for 475k therefore it's a little overpriced, and say it doesn't sell in a month, and then they drop the price to 460 and sell it for that well, then what they've done is that they cut the price, yet at the same time, they moved the median price up from 450 to 460 so despite a price cut, that was about a 2% gain in sale price there in That example, that is how a price cut results in moving up in areas median price. So there's a lot to be attentive to when you look at news like that. As volatile as stocks have been lately, a lot of people are grateful to have their dollars invested in really stable real estate. When Stocks are volatile, the rent just keeps coming in. In fact, in a let's look at history over hunch's vein, when stocks crash, which all define as a loss of 20% or more, what happens to home prices now, a while ago, here on the show, I discussed what historically happens with home prices during recessions. But this is different. This is what happens during stock market crashes, because the stock market is not the economy. Aside from the one bad mortgage blow up of a housing market induced economic recession from 2008 to 2010 which was bad. Home prices do not go down when the stock market crashes. In fact, real estate prices usually rise when stocks plunge hard. Let's look at the five other times that this has happened since 1980 and we'll take the S, p5, 100 index high to its low. All right, in november of 1980 the S P was at 135 points. And doesn't it sound funny to say that that sounds like a ridiculously small number? Yes, the S P was at 135 points. Then by August of 1982 almost two years later, it tanked to 109 during that time, home prices went up 7.2% then in the late 80s, it was August of 1987 the S P was at 329. In November of that year, it fell to 245, I mean, that was a massive stock drop of almost 35% in just about three months, the result, home prices went down 1.7% but that happens almost every year, from summer to late autumn. In August of 2000 the S P was at 1485 by February of 03 it went down to 803 37 I mean, that was a major stock crash. During that time, home prices went up 11 and a half percent, and then we got into COVID. Times, March of 2020, 3277 was the level April of 2020, just a month later, down to 2653 home prices went up 2.1% during that month. And then finally, December of 2021, 4675 October of 2022, 3726 that was a big stock market drawdown during that time, home prices went up 5.3% so there you go. The stable nature of real estate is something that's a really valuable attribute during massive stock market drops. And I think there are a lot of people that don't realize that since World War Two, home prices have only fallen significantly one time, and it was that awful period around 2008 now, in fact, you know something interesting related to this, last month, I took that cog railway tour that goes to the top of Pikes Peak in Colorado. You might have taken that train before. It's pretty popular. It's a nice way to spend an afternoon. Well, on that cog railway tour, I got talking to a passenger. He was there with his wife and family, and this was an intelligent, professional guy. He worked in the VE printing space, so he was pretty interesting to talk to. I asked him about that. And this guy, this passenger on the train, he asked me about real estate, once he knew that that's my field. He said the strangest thing to me, but I think a lot of people think this way. He asked me, don't real estate prices have a 10 year cycle? They have a price correction and go down every 10 years, and then the values start going back up again. What I didn't laugh in this guy sure wasn't stupid. I mean, hey, he's in the 3d printing space, and maybe I have some misconceptions about his field too. But it's almost as unlikely that home prices will fall appreciably than that grocery store prices would fall significantly. Both things really unlikely. I don't know how people think things like this.    To summarize what you just learned in this segment, hardwood flooring in the living room is an abomination of inhumane proportions. Existing home sales volume hit low levels not seen since 2009 home prices are still rising, but the pace of that growth is slowing, and when the stock market takes a big hit, real estate historically performs well most of the time. We're talking about residential real estate in the one to four unit space so far coming up a trend in the larger apartment building world that shocked a lot of experts. That's next. I'm Keith Weinhold. You're listening to get rich education.    You know what's crazy? Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing. Check it out. Text family. 266, 866, to learn about freedom. Family investments, liquidity fund again. Text family. 266, 86    Hey, you can get your mortgage loans at the same place where I get mine at Ridge lending group and MLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Caeli Ridge personally. Start now while it's on your mind at Ridge lendinggroup.com, that's Ridge lendinggroup.com.   Speaker 3  29:53   This is the king of commercial real estate, Dolph de Roos. Listen to get rich education with Keith Weinhold. And don't Quit your Daydream.   Keith Weinhold  30:10   Welcome back to get rich Education. I'm your host. Keith Weinhold, being springtime, it's also graduation time. If you're looking for a gift idea for a graduate, consider doing what I did. My niece is about to graduate from high school. That's my brother's oldest daughter. I gave her two gifts, cash plus gold cash because, I mean, come on, any 18 year old wants something that they can use. You want to give them something that they want. But I gave gold as well, not because it's in a massive bull market right now, which it is, but saving that can help her tangibly see and understand the diminished purchasing power of the dollar over time. Be mindful, dollars are just currency, but gold is money. So yes, I like my niece, but apparently not enough to give her a little rock turnkey property. As we know, wannabe homeowners have been roughed up with poor buyer affordability that started around 2022 they must either patiently wait for Mr. Beast to give them a home, or they need to keep renting apartment demand just could not keep up with 2023 and 2020 four's massive surge in new apartment construction that left a lot of units vacant. It meant that any new renters were quickly absorbed, and as a result, rent growth stayed flatter than a soda left open for a week. Builders overachieved, and renters under showed back then, but in 2025 and 2026 new apartment construction deliveries are going to keep falling from their peak even in 2027 that's probably going to happen. And we can already project this, because it takes two years, basically, to build an apartment from permitting to completion and permits are down. The dynamics of the apartment market are pretty straightforward. It takes around two to three months to turn permits into construction starts, and then it takes an additional 19 months to complete and deliver new units. So that's the two years or so that I'm talking about. The past high housing starts have therefore shown up as completions here. In recent months, the high completions are predominantly in southern states, and that's exactly why apartment rents have been falling in places like Atlanta, Charlotte, Tampa, Dallas and Austin. Even though those are the places that people are moving to, oppositely in California, it is especially tough to get permits, and tougher even yet to get apartments completed, there will be acute housing shortages in California. If recent past trends hold, then homelessness is going to be an ongoing problem. Moderate income workers cannot make ends meet, and therefore they're going to leave the state, California simply needs to build more housing to reduce the homeless problem and help out the moderate income workers. The real surprise is that today, national demand for apartments keeps coming in at high levels that defy even the most bullish forecasts. Real page recorded the best first quarter for net absorption in more than 25 years. It was 138,000 units. Costar called it the second best q1 in more than 25 years with 128,000 units. And now those numbers don't mean much to you until you realize that this century apartment demand absorption, you know, is typically in a range of 30 to 80,000 units per quarter, and we're looking at double, triple or quadruple that now. And what all that really means is that there is a surprisingly healthy level of well qualified demand for US apartments. All right, so this net absorption that I'm talking about, which is move ins minus move outs, that being over 100,000 units like this, that's something that you might see in busier leasing seasons, like towards summer q2 and q3 but rarely in q1 and apartment demand. It came in hot in nearly every region of the country. So what is going on here? What are the reasons for this surging apartment demand? I mean, sure, for one, it's the one that you already realized. Eyes, fewer people can buy houses. But it's more than just fewer people can buy houses, it's also, if you build it, they will come. I mean, cranes have dotted skylines in US cities for the past few years, apartment construction soared. It's also wage increases. They have outpaced inflation, and both of those have outpaced apartment rent growth, helping with affordability. Another reason for surging apartment demand are those baked in demographics. We had this surge in US births from 1990 to 2010 and that means that think about the age that they are now. That means this group is hitting peak. Let me get out of my parents house age. A whole lot of Netflix accounts are being split into those. People are moving out and getting an apartment. Well, with this in mind a surge of apartment demand in fewer new apartments being built over the next two years. You know, you think about what this means for a while here I've discussed how in real estate, today's best opportunities are one to four unit turnkey properties, especially new builds and also burr properties. I mean, those things have been the MVPs of this cycle, and you keep finding those properties and buying them at GRE marketplace, but apartment buildings, I mean, they're probably warming up in the bullpen by now, I might be able to add those to the mix soon, and to add those to the list about where the opportunity is, because apartment building values have been suppressed Ever since mortgage rates spiked in 2022 but it's probably not time to swing the bat quite yet. Of course it is in some cases. There are always some exceptions, but when you look around today, you know you got to consider apartment landlords. They still got to commonly offer concessions to fill their rent rolls. They're having to give away a free month's rent here and waived some fees over there. But demand, you know, it really tangibly, is starting to catch up with supply now, and when it comes to rent growth, it's still been pretty pathetic for apartments. Okay, apartments still lag behind single family rentals. Now apartment rents, they're only up a week, 1.1% year over year. Really weak. That's the latest figure, a paltry 1.1% apartment rent growth less than inflation then, and that's per real page market analytics, incredibly that 1.1% is actually the highest apartment rent growth rate in 21 months. So the bottom line here is that the apartment market, it has been through the wringer. They've been beaten up by rate hikes and drowned in supply and ghosted by demand. But finally, after years of gloom, the clouds are starting to part for apartment buildings, supply slows and demand grows here at get rich education, you know, I'm trying to give you the knowledge in the tools that I wish I had when I began, where the opportunities are, how to think about real estate, how to know about how you get paid. I mean, knowing all that sooner really would have made my life easier, like frameworks through which to understand real estate investing and the resources so that you can make it actionable and build your real estate portfolio. You'll notice that our provider network at GRE marketplace has recently expanded, and perhaps the best tool of all, that's our free in house investment coaching. We make it easier and hold your hand through the process of buying your first investment property. If you're a more experienced investor, our coaching helps you assess and evaluate the GRE Income Property inventory and help you decide which geographies seem to be most conducive to your goals, and of course, find that real estate pays five ways. Kind of property. Don't let uncertainty prevent you from taking action, because GRE coaching is free access those off market deals. There's no agent that has to be compensated. You'll get free help along your journey, from making the offer, submitting your earnest money, inspection, appraisal, your management agreement, what your closing day is like, and more or perhaps the coaching will help you decide that it's not the right time for you to add income property based on your own unique circumstances. We help you do it all and make it easy. I often like to leave you with something actionable for a free GRE investment coaching Strategy Session customized just exactly to you. Start at GREinvestment coach.com until next week. I'm your host. Keith Weinhold, don't quit your Daydream.    Speaker 4  40:03   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  40:27   You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access and it's got paywalls and pop ups and push notifications and cookies, disclaimers, it's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called The Don't quit your Daydream. Letter, it wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text GRE 268, 66 while it's on your mind, take a moment to do it right now. Text GRE 266, 866,   Speaker 1  41:42   The preceding program was brought to you by your home for wealth, building, get richeducation.com

In this conversation, John Harcar and Eric Patterson discuss innovative strategies for building wealth outside of traditional Wall Street investments. Eric shares his personal journey into real estate, the lessons learned from the Great Recession, and the concept of Infinite Banking as a means to gain financial control. They explore the unique challenges faced by landlords and introduce the Slow Flip strategy as an alternative investment method. The discussion emphasizes the importance of self-education and finding the right financial strategies tailored to individual needs. Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind: Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership: Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright: Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

San Francisco's property tax appeals just EXPLODED to the highest level since the Great Recession, with owners demanding $52.3 BILLION in valuation cuts. Is anyone surprised when buildings are selling for 90% discounts? From the Warriors seeking $1 billion off Chase Center's assessment to Salesforce Tower asking for $564 million in reductions, the city's facing a $600 million potential tax revenue wipeout while already drowning in an $800 million deficit. Officials claim a potential 'turnaround' while commercial vacancy rates hover at a staggering 34% and taxpayers foot the bill for their delusions. Is this the bottom of the doom loop, or just another chapter in the city's financial free fall? Like, share, and subscribe to keep up with the government waste your local officials don't want you to see.

In the latest episode of the Gartner Sales Podcast, host Betsy Gregory Hosler talks with Gartner experts Kevin Hooper and Andy Clement to explore sales leadership in uncertain times. These seasoned executives share strategies for navigating volatile, uncertain, complex, and ambiguous (VUCA) environments, drawing lessons from their own leadership roles during past crises like the Great Recession and COVID-19 pandemic.Andy Clement is an Executive Partner with Gartner's Chief Sales Officer program, where he coaches, guides, and challenges sales leaders who are Gartner clients. He joined Gartner in August 2024.Andy retired from Kimberly-Clark in March 2024 after a distinguished 33-year career. During his tenure, he held various key roles, including chief customer officer, vice president of sales, general manager, strategy director, marketing director, and manufacturing director. Andy earned his executive MBA from Vanderbilt University and his undergraduate degree from Wake Forest University.Kevin Hooper is an Executive Partner at Gartner, where he leverages over three decades of experience in technology and sales to advise clients on strategic growth and operational excellence. Before joining Gartner, Kevin held leadership roles at companies including Oracle, NEC, Hewlett-Packard, IBM, and Lenovo, where he served as North America president and general manager of the Infrastructure Solutions Group. His extensive background encompasses expertise in cloud business analytics, enterprise solutions, sales operations and strategy. Kevin is dedicated to helping organizations optimize their strategies and achieve their business objectives.

This episode features Jim Lundquist, known as "the Swede," a trim carpenter, inventor, and self-described "happy-go-lucky guy" and "monkey wrench". Jim shares insights from his 40-plus-year construction career, which started in Seattle before moving to Arizona, navigating periods like the Great Recession which led him to work with a cabinet company importing from China for seven years. Now 60, he works as a lead carpenter and tackles diverse tasks on job sites. He discusses his unique perspective on aging in the trades and an exit strategy, considering a transition to a handyman role due to increasing demand and income potential. A highlight is his patent-pending invention, "the Swede," a multi-tool combining a scribe, magnet stud finder, and margin tool, which he sells and manufactures in the USA using 3D printing. Jim also touches on his past as a rock musician, balancing touring with construction work, and humorously credits turmeric with pepper for alleviating his hip pain

Send us a textWhat transforms a reluctant financial reporter into an award-winning personal finance journalist with nearly a decade at one of America's top business networks? For Jessica Dickler, CNBC's veteran personal finance writer, it was the seismic economic shift of the Great Recession that changed everything."When the economy skidded and became the Great Recession, unemployment spiked, people lost their homes, their jobs and then all of a sudden, everything was a money story," Dickler reveals in this illuminating conversation. With two Peabody Awards, a DuPont Columbia Award, and a Fleck Award for financial literacy education to her name, Dickler's journey from political science major to trusted financial voice offers fascinating insights into both journalism and personal finance.The mother of two doesn't just write about financial challenges—she lives them. Her reporting on working mothers struggling with childcare costs while advancing careers resonates deeply with readers because it mirrors her own balancing act. "I model my schedule after the kids' schedule," she explains, working a 7-3 timeline that allows her to be present for family responsibilities while maintaining professional excellence. This authenticity has helped her build a devoted audience at CNBC, where her three-month temporary position extended to nearly a decade.Despite dramatic changes in journalism and increasing online hostility toward reporters, Dickler remains steadfastly committed to quality reporting. "What hasn't changed is the commitment to present stories based in data, with vetted sourcing, that help inform people's decisions every day about money," she notes. Her fundamental financial advice—spend less than you earn, avoid credit card debt, save consistently, invest wisely—offers a beacon of clarity in an increasingly complex financial landscape.Connect with Jessica on LinkedIn, X and Instagram. You can follow her work here: https://www.cnbc.com/jessica-dickler/Subscribe to Media in Minutes for more conversations with journalists who shape our understanding of the world. Visit communicationsredefined.com/podcast to explore our full library of interviews with media professionals.Please take a moment to rate, review and subscribe to the Media in Minutes podcast here or anywhere you get your podcasts: https://podcasts.apple.com/us/podcast/media-in-minutes/id1555710662  

Is your cash working for you? Each year individuals leave thousands of dollars on the table by accepting the extremely low interest rates offered on their checking and savings accounts. In fact, this is an area where we consistently see family after family missing out on significant income that could easily be theirs.With the significant drop in interest rates after the Great Recession, most banks began paying little to no interest to their depositors. Over the ensuing 15 years, most individuals became accustomed to earning very little interest. Now as overall interest rates have started to rise, most banks have left the interest rates they pay on deposit accounts very low. With most individuals no longer expecting to earn interest on their bank accounts, very few have spent the time to find a solution paying a better interest rate. For many families, this costs them thousands of dollars each year.The good news is that this is one of the easiest issues to fix! In this podcast, we discuss a simple option to begin earning a competitive interest rate on your cash balances. If you want your money to work for you, we think you'll enjoy this podcast episode. Thanks for listening!For more details we recommend that you check out our blog post covering the same topic at https://pw-wm.com/learn/financial-planning/flourish-cash-is-your-cash-working-for-you/

Ten state treasurers and one state auditor just pulled the alarm on America's economic future, and their message is simple: Congress, do your job. In a fiery open letter, the financial watchdogs warned that the U.S. is teetering on economic collapse—and they're pointing fingers at the Trump administration's trade wars, rising borrowing costs, and threats to the Federal Reserve's independence. The data is chilling: A $6.6 trillion stock market loss in just two days, the dollar hit a three-year low, and consumer confidence has crashed to near-Great Recession levels. The twist—they're not just blaming Trump. They're calling out Congress for sitting on its hands. The Constitution gives Congress power over trade, tariffs, and economic policy—not the White House. The message is clear—this isn't about red or blue. It's about governance—and the credibility of the United States is on the line. Learn more about your ad choices. Visit megaphone.fm/adchoices

Recessions aren't something to fear – they're opportunities to seize, especially if you're a home inspection business owner. While conventional wisdom suggests economic downturns are universally negative, historical data reveals a surprising truth: home inspection companies consistently thrive during these periods.During both the Great Recession (2007-2009) and the COVID-19 downturn (2020), the inspection industry experienced remarkable growth while other sectors struggled. This isn't coincidental – it's a predictable pattern driven by fundamental market shifts that create ideal conditions for inspection services to flourish.When economic pressure forces more homes onto the market, housing inventory increases dramatically. Financial hardships, job relocations, and foreclosures push properties into circulation that would otherwise remain off-market. Simultaneously, market dynamics shift in favor of buyers, making sellers more willing to invest in pre-listing inspections to attract purchasers. Recession-era buyers, naturally more cautious with their investments, rarely waive inspections and frequently walk away from properties with significant issues – creating inspection cascades where multiple inspectors evaluate the same property for different potential buyers.The multiplier effect continues as rejected properties generate additional inspections when sellers must find new buyers, and those initial buyers move on to inspect other homes. Add in the foreclosure market, increased investor activity as prices drop, commercial property transitions, and renovation loan inspections, and you have a perfect storm of opportunity for inspection businesses that maintain operations while competitors react emotionally and exit the market.Waiting eight to ten years between recessions might seem like a long time, but these economic cycles are inevitable. Rather than dreading the next downturn, prepare to capitalize on it. When others panic and retreat, position your inspection business to capture the expanded market share that historically appears during these periods. The evidence is clear: in the home inspection industry, recessions don't signal disaster – they herald opportunity.Check out our home inspection app at www.inspectortoolbelt.comNeed a home inspection website? See samples of our website at www.inspectortoolbelt.com/home-inspection-websites*The views and opinions expressed in this podcast, and the guests on it, do not necessarily reflect the views and opinions of Inspector Toolbelt and its associates.

Consumer confidence plunges to a 13-year low — is a recession next?  Consumer confidence declined for a fifth consecutive month in April, to levels not seen since May 2020. With Americans' spending comprising 70% of economic growth, what could their growing concerns mean for the US this year?    Three specific expectation components – business conditions, employment prospects and future income – all dropped sharply, reflecting deep pessimism about the future. Crucially, the number of consumers expecting fewer jobs in the next six months was nearly as high as in April 2009, the middle of the “Great Recession.” Americans' concerns about the wider economy are bleeding into worries about their own personal situations.     Dana Peterson, Chief Economist and Leader of the Economy, Strategy & Finance Center at The Conference Board, sits down with Stephanie Guichard, Senior Economist of Global Indicators, and Erik Lundh, Senior Global Economist to unpack how this could shape US and global economic growth this year.    For more from The Conference Board:  US Consumer Confidence Plunged Again in April  Economy Watch Webcast on May 14  Labor Markets Watch on May 21 

What happens when consumers have nowhere to hide from inflation? In the April 2025 edition of 3Squares Live!, Charlie, Kevin and Susan unpack how economic uncertainty, tariffs and a shifting supply chain are reshaping consumer behavior and ag markets. From the resilience of private label to the pressure on snacks and QSR, it's a fascinating look at what's changed (and what hasn't) since the Great Recession. Plus, test your knowledge of foods invented during the Great Depression in Kevin's quiz, including the inspiration for iconic Kraft mac and cheese! Hosted on Acast. See acast.com/privacy for more information.

America's high-poverty cities and counties have suffered for decades, enduring skyrocketing inequality, the opioid epidemic, rising housing costs, and widespread disinvestment. Governments have offered a variety of failed solutions, from luring wealthy outsiders to slashing public services. But four communities are turning inward instead: Stockton, California; rural Josephine County, Oregon; Lawrence, Massachusetts; and Detroit, Michigan. In these diverse places—all of which went broke in the wake of the Great Recession—locals are building networks and trust in one another and their institutions, to promote health, wealth, and opportunity. In Stockton, this meant designing organizations to help residents cope with trauma. In Josephine County, people convinced freedom-loving, government-averse voters to increase taxes. Lawrence is building a new model to secure living wages. Detroit is battling to stabilize low-income housing. What did these strategies look and feel like on the ground? How can other struggling places borrow from their playbooks? And what can the rest of the country do to support towns as they try to help themselves? Stanford Law School's Michelle Wilde Anderson, winner of the 2023 Zócalo Book Prize for The Fight to Save the Town: Reimagining Discarded America, visits Zócalo to talk with Alberto Retana, president and CEO of South L.A.'s Community Coalition, about how a place with the odds against it can draw on historic strengths and resilient residents to thrive. Zócalo Public Square is proud to award the 2023 Zócalo Poetry Prize to Paige Buffington for her poem "From 20 Miles Outside of Gallup, Holbrook, Winslow, Farmington, or Albuquerque." The 2023 Zócalo Book and Poetry Prizes are generously sponsored by Tim Disney. Visit www.zocalopublicsquare.org/ to read our articles and learn about upcoming events. Follow along on X: twitter.com/thepublicsquare Instagram: www.instagram.com/thepublicsquare/ Facebook: www.facebook.com/zocalopublicsquare LinkedIn: www.linkedin.com/company/z-calo-public-square

The UK's green zealots and a rogue U.S. billionaire plot to dim the sun with acid rain-causing chemicalsZelensky's Crimea obsession threatens to escalate the Ukraine war into global catastropheErratic tariffs tank global trade by 49%, sabotage Trump's own energy goals, pushing us toward a depressionGold soars to $3,500 as Trump's Soros-linked Treasury Secretary schemes a “New Bretton Woods” resetAI guru's Mechanize startup aims to obliterate all human jobs, and a $17 billion CO2 pipeline scam steals billions through tax subsidies, endangering lives with deadly leaksCalifornia's Gas Car Ban: Constitutional ChaosCalifornia's audacious plan to ban all gasoline cars by 2035 is backed by a dozen rogue states. Will the Supreme Court slam the brakes on this green madness? Who has the authority to stop this prohibition? 15:07 Al Gore's African Power Grab: Solar Scam or Dictatorial Depopulation Plot?Al Gore's back with a diabolical new scheme to “save” Africa by shoving unreliable solar panels and windmills down their throats, all while keeping the continent in the dark! Promising to “leapfrog” fossil fuels, Gore's plan masks a sinister agenda to de-industrialize the West and trap Africa in poverty, ensuring dictatorial control for globalist elites. 29:04 Dimwits in UK and US Plan to Block the SunGeoengineering was dismissed as a conspiracy theory until they want to go large.  The UK's radical green government pumps £50 million into a chilling plan to dim the sun and in the US its a radical entrepreneur      Even better, they're injecting a gas that they banned for causing “acid rain”.  Remove CO2 and sunlight and produce acid rain—what dimwits dreamed this up? 46:20 Yet Another Study Shows “THE VIRUS” Wasn't The Problem     As the White House pushes COVID as an “accidental lab leak” from Wuhan's gain-of-function lab, Greek researchers reveal the oft repeated truth     From Dictator Dan's brutal Australian lockdowns to Trump's vaccine push, uncover the lockstep conspiracy they want to hide by claiming “lab leak” 1:00:22 LIVE comments from audience 1:07:01 Zelensky Demands Crimea or War Continues: Did Crimea EVER Belong to Ukraine?      Tensions ignite as both Trump and Vance slam Zelensky for rejecting a peace deal to freeze the Ukraine-Russia conflict, demanding Crimea instead!     In a fiery social media clash, Trump accuses Zelensky of risking Ukraine's total collapse, while Vice President Vance threatens to pull U.S. support entirely.     What are Crimea's deep Russian roots?     Will Russia ever give up the home to its Black Sea Flee? 1:14:43 Tariff Uncertainty is Locking Down the Economy Sabotaging Trump's Stated GoalsEven Trump's “drill baby drill” agenda crumbles as energy firms predict a million-barrel-a-day drop. As Trump-aligned influencers and pundits claim China will be hurt worse in the “war”, Trump's unpredictable dictates freeze markets, sabotage nuclear projects, and threaten a depression worse than the Great Recession. 1:34:16 Gold Soars to $3,500 as Global Reset Looms: Trump Treasury Sec Wants “New Bretton Woods” with Globalist Organizations Leading      Gold skyrockets to a jaw-dropping $3,500 an ounce, markets in chaos, and the dollar crumbling!     Tony Arterburn, DavidKnight.gold, joins to expose a sinister global reset orchestrated by Trump and his Soros Treasury Secretary for “stakeholders”.     A warning of a coming depression worse than 1929 with tariffs, meme coins shenanigans at Mar-a-Lago — is Trump pulling the strings or just a pawn in a bigger game? 2:19:00 GREATER Replacement: AI Guru's Plan to Wipe Out ALL Jobs"A famed AI researcher launches Mechanize, a startup hell-bent on replacing every human worker with chatbots and robots! He promises to mechanize EVERY human worker worldwide as Google pays top AI talent to sit idle in “garden leave” schemes 2:24:05 Exposing the CO2 Pipeline Scam: Billions in Tax Subsidies Stolen are the ONLY Reason for Projects      Jeff Weiss unveils the sinister CO2 pipeline scheme—a multi-billion-dollar bipartisan heist (and how we break out of this system, co-author of Free Indeed: Ten Truths to a Life Lived Free)     From eminent domain land grabs to deadly CO2 leaks that could wipe out entire ecosystems, this is a spiritual and economic war     It's the latest twist in wealth transfer as Jeff recounts his personal experience with wind grifts and the seduction of local politicians in the pipeline of green cash. If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTFor 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

The UK's green zealots and a rogue U.S. billionaire plot to dim the sun with acid rain-causing chemicalsZelensky's Crimea obsession threatens to escalate the Ukraine war into global catastropheErratic tariffs tank global trade by 49%, sabotage Trump's own energy goals, pushing us toward a depressionGold soars to $3,500 as Trump's Soros-linked Treasury Secretary schemes a “New Bretton Woods” resetAI guru's Mechanize startup aims to obliterate all human jobs, and a $17 billion CO2 pipeline scam steals billions through tax subsidies, endangering lives with deadly leaksCalifornia's Gas Car Ban: Constitutional ChaosCalifornia's audacious plan to ban all gasoline cars by 2035 is backed by a dozen rogue states. Will the Supreme Court slam the brakes on this green madness? Who has the authority to stop this prohibition? 15:07 Al Gore's African Power Grab: Solar Scam or Dictatorial Depopulation Plot?Al Gore's back with a diabolical new scheme to “save” Africa by shoving unreliable solar panels and windmills down their throats, all while keeping the continent in the dark! Promising to “leapfrog” fossil fuels, Gore's plan masks a sinister agenda to de-industrialize the West and trap Africa in poverty, ensuring dictatorial control for globalist elites. 29:04 Dimwits in UK and US Plan to Block the SunGeoengineering was dismissed as a conspiracy theory until they want to go large.  The UK's radical green government pumps £50 million into a chilling plan to dim the sun and in the US its a radical entrepreneur      Even better, they're injecting a gas that they banned for causing “acid rain”.  Remove CO2 and sunlight and produce acid rain—what dimwits dreamed this up? 46:20 Yet Another Study Shows “THE VIRUS” Wasn't The Problem     As the White House pushes COVID as an “accidental lab leak” from Wuhan's gain-of-function lab, Greek researchers reveal the oft repeated truth     From Dictator Dan's brutal Australian lockdowns to Trump's vaccine push, uncover the lockstep conspiracy they want to hide by claiming “lab leak” 1:00:22 LIVE comments from audience 1:07:01 Zelensky Demands Crimea or War Continues: Did Crimea EVER Belong to Ukraine?      Tensions ignite as both Trump and Vance slam Zelensky for rejecting a peace deal to freeze the Ukraine-Russia conflict, demanding Crimea instead!     In a fiery social media clash, Trump accuses Zelensky of risking Ukraine's total collapse, while Vice President Vance threatens to pull U.S. support entirely.     What are Crimea's deep Russian roots?     Will Russia ever give up the home to its Black Sea Flee? 1:14:43 Tariff Uncertainty is Locking Down the Economy Sabotaging Trump's Stated GoalsEven Trump's “drill baby drill” agenda crumbles as energy firms predict a million-barrel-a-day drop. As Trump-aligned influencers and pundits claim China will be hurt worse in the “war”, Trump's unpredictable dictates freeze markets, sabotage nuclear projects, and threaten a depression worse than the Great Recession. 1:34:16 Gold Soars to $3,500 as Global Reset Looms: Trump Treasury Sec Wants “New Bretton Woods” with Globalist Organizations Leading      Gold skyrockets to a jaw-dropping $3,500 an ounce, markets in chaos, and the dollar crumbling!     Tony Arterburn, DavidKnight.gold, joins to expose a sinister global reset orchestrated by Trump and his Soros Treasury Secretary for “stakeholders”.     A warning of a coming depression worse than 1929 with tariffs, meme coins shenanigans at Mar-a-Lago — is Trump pulling the strings or just a pawn in a bigger game? 2:19:00 GREATER Replacement: AI Guru's Plan to Wipe Out ALL Jobs"A famed AI researcher launches Mechanize, a startup hell-bent on replacing every human worker with chatbots and robots! He promises to mechanize EVERY human worker worldwide as Google pays top AI talent to sit idle in “garden leave” schemes 2:24:05 Exposing the CO2 Pipeline Scam: Billions in Tax Subsidies Stolen are the ONLY Reason for Projects      Jeff Weiss unveils the sinister CO2 pipeline scheme—a multi-billion-dollar bipartisan heist (and how we break out of this system, co-author of Free Indeed: Ten Truths to a Life Lived Free)     From eminent domain land grabs to deadly CO2 leaks that could wipe out entire ecosystems, this is a spiritual and economic war     It's the latest twist in wealth transfer as Jeff recounts his personal experience with wind grifts and the seduction of local politicians in the pipeline of green cash.If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTFor 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

How do you teach an old pizza chain new tricks?This week's episode of the Restaurant Business podcast A Deeper Dive features David Karam, the CEO of the pizza chain Sbarro.The pizza chain was founded in 1956 and for years thrived inside mall locations. But the company took on too much debt and filed for bankruptcy twice after the Great Recession. We wanted to talk with Karam to understand what Sbarro did to survive those two bankruptcies. Karam took over the chain between the two filings and has led the it ever since and now owns the concept. Sbarro just opened its 800th restaurant and has found new life in places like convenience stores and airports as well as international markets.Karam discusses these plans and provides insight into how the company was able to find a life past bankruptcy. 

In this episode of the Know Your Why podcast, Dr. Jason Balara interviews Jacob Vanderslice, co-founder of Van West Partners, about his journey from residential real estate to self-storage investing. Jacob shares key lessons learned from the Great Recession and how market timing plays a crucial role in building a resilient portfolio. He highlights the advantages of self-storage investments, emphasizing their ability to generate steady cash flow and provide downside protection during economic downturns. The discussion also covers creative financing strategies, the importance of operational excellence, and the evolving landscape of real estate investment opportunities. Jacob explains how his personal "why" in investing is centered around wealth creation through recurring revenue and financial stability.Key Highlights:- Jacob began full-time real estate investing in 2005.- Transitioning to self-storage provided stronger cash flow and stability.- Lessons from the Great Recession shaped his approach to market timing.- Self-storage investments offer protection during economic downturns.- Real estate technology continues to change the industry.- Finding undervalued assets remains possible, though more challenging.- Creative financing is essential in today's investment climate.- True wealth comes from consistent cash flow, not just net worth.- Operational excellence is key to thriving in fluctuating markets.Jacob Vanderslice's insights on real estate and self-storage investing underscore the importance of adaptability, strategic deal structuring, and long-term wealth creation. His experience highlights how market shifts can create opportunities for those who are prepared and willing to innovate. Whether you're new to investing or looking to refine your strategy, his perspective offers valuable takeaways on navigating economic downturns and maximizing financial independence.Get in touch with Jacob:Email: jacob@vanwestpartners.comWebsite: https://www.vanwestpartners.com/LinkedIn: https://www.linkedin.com/in/jacob-vanderslice-02905b16b/If you want to know more about Dr. Jason Balara and the Know your Why Podcast:⁠⁠https://linktr.ee/jasonbalara⁠⁠  Audio Track:Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license.⁠⁠ https://creativecommons.org/licenses/⁠⁠Artist:⁠⁠ http://audionautix.com/

In this episode of the Getting Smart Podcast, Tom Vander Ark is joined by Kathleen deLaski, author of "Who Needs College Anymore?" to explore the ever-evolving landscape of higher education. DeLaski challenges traditional views on college education, delving into how the rise of alternative pathways like apprenticeships and dual enrollment are reshaping post-secondary education. They discuss the implications of the Great Recession, the impact of AI, and the role of experience as the new "silver bullet" in career advancement. Tune in to discover why the four-year degree might not be the only or best option for today's learners and how these changes are influencing the future of work and education. Outline (00:00) Introduction: Who Needs College Anymore? (02:34) The Changing Perception of Higher Education (04:27) The Great Recession's Impact on College Value (07:21) Is College for All Dead? (09:25) Who Needs College? Exploring Different Personas (14:17) The Rise and Fall of Bootcamps and MOOCs (20:45) The Future of Apprenticeships (24:03) The Step Ladder Approach to Higher Education (28:43) AI and the Future of Higher Education Links Read the full blog here Watch the full video here Who Needs College Anymore? LinkedIn Substack Education Design Lab deLaski Family Foundation Blog on the Northeastern Co-op Model Riipen Ryan Craig on Apprenticeships Reach University  

Each year, 2 million Americans are diagnosed with cancer and face a fragmented, overwhelming healthcare system with minimal guidance between doctor visits, even as they make life-altering decisions.In this episode, we talk with Robin Shah, Founder & CEO of Thyme Care, who has devoted his 17-year career to improving oncology care and is now building a virtual support system that has already helped over 50,000 cancer patients nationwide.We cover:

What even is a recession, and how can we prepare for one without spiraling? As a certified “Millennial who survived the Great Recession” and a financial therapist, I've got you. In this episode, I explain what a recession is (beyond just bad vibes), how they work, and how to take care of your emotional and financial well-being when the economy slows down. Chapters0:00 Recession1:43 What is a Recession?5:45 How to NOT Prepare for a Recession15:07 Mental Health Tips20:55 Financial Tips

On this episode of Inside the Firm, are your people failing you or are you failing your people, then some echoes from the Great Recession, and last but not least, what is the leading determinant of happiness for your employees?! Join us as we go back Inside the Firm!

State Revenue Forecasts project a $2.4 billion loss in revenue, the worst forecast since the Great Recession. Governor Mike Braun unveils significant changes to the Supplemental Nutrition Assistance Program that includes removing candy and soft drinks and limiting eligibility. The property tax overhaul is signed in to law, giving most Hoosiers a credit of up to $300. Host Brandon Smith is joined by Democrat Ann DeLaney, Republican Chris Mitchem, Jon Schwantes of Indiana Lawmakers, and Niki Kelly of the Indiana Capital Chronicle to debate and discuss this week's top stories.

Moshe Popack is a real estate investor, entrepreneur, attorney, and philanthropist. He is the co-founder and chairman of YMP Real Estate Management, which oversees a diverse portfolio of 4,000 multifamily units and 2 million square feet of commercial space. After losing his job in 2009, Moshe pivoted to real estate, building an integrated organization with 400 employees and vertical operations spanning multifamily, office, and assisted living investments.     Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here. Key Takeaways Moshe began his real estate journey after losing his job during the Great Recession, investing his last funds into a distressed property. He scaled his business by focusing on underappreciated opportunities, analyzing deals line-by-line, and maintaining strong discipline in execution. Believes success starts with mindset—resilience, grit, and faith were key to pushing through early rejection. Today, he leads a vertically integrated firm with in-house legal, property management, and construction teams. Moshe and his wife run Neighborhood Farms USA, a nonprofit that teaches children to grow fresh produce in affordable housing communities.     Topics From Rock Bottom to Real Estate Renaissance Lost job in 2009 with three kids to support—chose real estate over retreat. Faced 30 investor rejections before landing funding for his first 400-unit acquisition. Relied on line-by-line financial analysis and tenacity to stabilize the asset. Mindset Over Mechanics Operates on a core principle: “If your why is deep enough, the how doesn't matter.” Encourages entrepreneurs to expect resistance from others and stay focused on their path. Cautions investors to “assume brokers are lying” and do their own due diligence. Analyzing Deals with Precision Understands every income and expense line item and underwrites conservatively. Warns against blindly assuming future rent growth or tax projections without validation. Stresses that the deal's net income is the key to sustainability and value. Distressed Opportunities and Contrarian Plays Invests in overlooked or feared asset classes—currently buying office space at deep discounts. Believes in Florida's long-term growth story and the cyclical nature of real estate. Focuses on holding power and conservative leverage to weather downturns. Neighborhood Farms USA Nonprofit initiative transforming landscaping at workforce housing properties into edible gardens. Educates children on gardening, nutrition, and personal fulfillment through nature. Offers after-school programs and community engagement with a focus on well-being.    

Creating Thriving Work Environments Eric and I dove into the essentials of workplace culture, a topic central to our careers. Eric shared his journey from a childhood fascination with business to leading large teams at Enterprise Rent-a-Car. His book on company culture and high performance has become a key resource for his speaking and consulting work. We explored what it takes to create work environments where employees don't just survive—they thrive. It all starts with strong relationships, clear communication, and understanding the diverse needs of a multigenerational workforce. Setting clear expectations is critical, especially in today's workplace, where retention is a growing challenge. When organizations prioritize culture and communication, they see stronger engagement and long-term success. Effective Communication and Planning for Success Our discussion also highlighted the role of communication and strategic planning in driving results. I shared a case from my time at Mercedes-Benz, where we implemented an asset-tracking system to streamline operations. The key takeaway? Getting things right the first time prevents unnecessary work and improves efficiency. Eric echoed this with his experience launching a content initiative for sales, emphasizing the importance of a steady, intentional approach to culture-building. We also tackled a critical hiring insight—focusing on a candidate's match rather than just their fit within an organization. Engaged employees who align with company values will consistently outperform those who check the right boxes. His book profoundly covers these themes, offering practical strategies for building high-performing teams. Hiring for Potential and Career Growth One story that stood out was hiring a receptionist without prior healthcare experience. Over time, she thrived, earned a promotion, and eventually ran a clinic. It reinforced the idea that hiring should be about potential rather than just experience. Eric and I agreed that asking the right questions during hiring is essential in identifying high-potential candidates. Too often, employers focus on filling a position quickly rather than considering a candidate's long-term career trajectory. Investing in people's growth benefits both the individual and the organization. Connecting Beyond the Conversation We wrapped up by discussing ways to keep the conversation going and share the episode when it's live. If you're interested in Eric's work, you can find him on LinkedIn or at ClearPathVentures.com, where he offers speaking and coaching on leadership and company culture. ERIC D. Stone's passion for business led him to an influential twenty-six-year career at the iconic rental car company Enterprise Holdings, where he quickly became one of the most decorated Regional Vice Presidents in the company's history. His ability to connect and motivate employees from all different generations and demographics allowed his teams to sustain top-level results and a culture of pride. Eric attributes much of his success to his ability to create, ignite, and sustain a high-performance culture—one that enabled him to lead his teams through challenges like 9/11, the Great Recession, the COVID-19 pandemic, and the Great Resignation—along with an extraordinary ability to adapt to the unexpected and help others do the same. Eric is the author of the award-winning book Jumpstart Your Workplace Culture and an international speaker on leadership, employee engagement, and creating high-performance organizations. He retired from Enterprise in 2018 and founded Clear Path Ventures, which specializes in guiding young professionals and businesses as they navigate their path to success. My social media handles: a. https://www.linkedin.com/in/eric-stone-clear-path/ b. https://www.instagram.com/clearpathventures_/ c. https://www.facebook.com/profile.php?id=100040382190383 d. https://www.youtube.com/@ericdstone1/about  Websites: https://clearpathventures.com/about http://www.ericdstone.com/

College Uncovered Season 4 is coming! The first two episodes drop Thursday, April 17th. This season, we're standing on the precipice of a “demographic cliff” threatening higher education. A drop in the number of 18-year-olds that are alive right now – triggered by a decline in birth rates after the  2008 Great Recession – is forcing colleges to rethink everything. Schools across the country are changing admissions, restructuring financial aid, rebranding the humanities, and finding new ways to recruit and educate young men, whose numbers are dropping even more precipitously on many campuses. We'll uncover how these changes affect students, families, higher education, the economy, and our society at largeCollege Uncovered is hosted by Kirk Carapezza and Jon Marcus, two skilled multimedia journalists with decades of experience in covering higher education in the United States. They offer students, their families, and anyone curious about the business of college, an unvarnished look at a uniquely American system – and help you make better informed choices. New episodes of College Uncovered drop each week through May and are available wherever you listen to podcasts.

Millennials are Minnesota's largest generation by population and are the largest portion of the workforce. That's according to the most recent state data from 2023 obtained by MPR News. The generation ranges from age 29 at the youngest and in their early 40s at the oldest. They are an important part of our economy. But they've faced a lot of economic headwinds. The 2008 Great Recession and COVID-19. And now there is more economic uncertainty ahead. Janna Johnson is an associate professor at the Humphrey School of Public Affairs at the University of Minnesota. She joined Minnesota Now to break down the importance of the millennial generation and what the possibility of another economic crisis could mean.

If only this had never been invented, the Great Recession could've been avoided. Noah and Louisa talk about the food that put housing, healthcare and more entirely out of an entire generation's economic reach. Follow us: @NoSubsPlease@mastodon.online on Mastodon. @NoSubsPlease on BlueSky. Noah: @elderrumbao on Twitter, @nsmckinnon@laserdisc.party on Mastodon, @nsmckinnon.bsky.social on BlueSky. Louisa: @louisa@mastodon.xyz. Our theme is Street Food, by FASSounds, and is governed by the Simplified Pixabay License. Our cover art includes work by artist Kirsty Pargeter.

Consumer sentiment plunged 11% this month to a preliminary reading of 50.8, the University of Michigan said in its latest survey released Friday, the second-lowest reading on records going back to 1952. April's reading was lower than anything seen during the Great Recession. Learn more about your ad choices. Visit podcastchoices.com/adchoices

A new survey suggests American consumers are more pessimistic about the economy than during the Great Recession. Service sector jobs could become a casualty of the US-led trade war. US Foreign Envoy Steve Witkoff and Russian President Vladimir Putin are set to meet today. The US has removed the commander of its Greenland space base. Plus, Yoko Ono tells her side of The Beatles' split. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Katie Fidler, director of real estate and investor relations with Drapac Capital Partners, joins host Carol Morgan on this week's Atlanta Real Estate Forum Radio episode. In this podcast episode, Fidler discusses Drapac Capital Partners' unique approach to property investment and acquisition. What sets Drapac Capital Partners apart from other property investment groups? Drapac Capital Partners has built its strategy off quick problem-solving. The investment group seeks challenging projects that allow it to add or extract the most value. With a data-driven approach and focus on housing market statistics, it keeps tabs on everything from market population and cost of living to economic investment and job growth. Drapac Capital Partners looks at these demographics to understand the impacts of inflation rates and fluctuating market conditions. In addition, by comparing current housing market statistics with “steady state” rates, it can discover markets coming up with runway for growth, specifically in the Southeast. “We pride ourselves on being very disciplined,” said Fidler. “So for me, and for us, that is finding the balance between not being reactive but also being nimble enough to pivot when it proves best for a project.” Findler explains that Drapac specializes in creating “red-ribbon” packages with fully entitled and permitted projects ready for development. She calls them “shovel-ready” because they can begin at any moment. How is Drapac Capital Partners navigating the current economic environment? While the large “unknowns” make forecasting and planning difficult, Fidler assures that Drapac is approaching the environment as “cautious business as usual.” Fidler said, “We're not seeing the amount of panic that we did four to five years ago, but there's obviously hesitancy that we're seeing in the market.” Rapid shifts in the market have prompted many buyers to make quick purchases while spooking others. Drapac Capital Partners takes a more careful, thoughtful approach, securing deals in the process. All along the Southeast, it has scouted projects in Atlanta, coastal Georgia and the Carolinas. Fidler highlights that the Southeast is a source of immense growth, outpacing national growth by 40% over the last 50 years. There are many challenges that the housing market continues to face, from labor shortages and increased material costs to its finite amount of land that's suitable for residential development. However, Fidler points out that the opportunities outweigh the challenges. The state of the market leads some to sell, which allows the investment group to snatch those up and progress on planning and permitting until the market stabilizes. How is Drapac Capital Partners incorporating placemaking, and where? “Our goal is always to find that balance between what our buyers, who are mostly developers, and home builders want, which is usually high density with very low development cost,” said Fidler. “Then next step, what their home buyers are going to want, which are nice community amenities and spacious yards.” Drapac Capital Partners is largely in control of the planning phase, designing community elements and amenities that will ultimately facilitate increased absorption and pricing. Preserving natural landscapes is important for creating community greens and open spaces, which is why Drapac Capital Partners works with the existing topography. It also adds an appropriate mix of active and passive amenities based on a community's size. While it's not involved in the development stage, the investment group works to sell the project vision. Fidler describes a project in North Carolina as one of the investment groups' biggest wins. In 2012, it acquired a 1,000+ lot, master-planned community in Brunswick County, NC. The community was a victim of the Great Recession but transitioned into a major profit once the Drapac got its hands on it. As the market recovered,

China's industrial policy for clean energy has turned the country into a powerhouse of solar, wind, battery, and electric vehicle manufacturing. But long before the country's factories moved global markets — and invited Trump's self-destructive tariffs — the country implemented energy and technology policy to level up its domestic industry. How did those policies work? Which tools worked best? And if the United States needs to rebuild in the wake of Trump's tariffs, what should this country learn? On this week's episode of Shift Key, Rob and Jesse talk with two scholars who have been studying Chinese industrial policy since the Great Recession. Joanna Lewis is the Provost's Distinguished Associate Professor of Energy and Environment and Director of the Science, Technology and International Affairs Program at Georgetown University's School of Foreign Service. She's also the author of Green Innovation in China. John Paul Helveston is an assistant professor in engineering management and systems engineering at George Washington University. He studies consumer preferences and market demand for new technologies, as well as China's longstanding gasoline car and EV industrial policy. Shift Key is hosted by Robinson Meyer, the founding executive editor of Heatmap, and Jesse Jenkins, a professor of energy systems engineering at Princeton University.Mentioned: Jesse's downshift; Rob's midshift. --Music for Shift Key is by Adam Kromelow. Hosted on Acast. See acast.com/privacy for more information.

Volatility continues to ramp higher into the third day of selling action surrounding President Trump's tariff policy. Kevin Green points to 4,800 as a level of support for the SPX and 5,000 as resistance. He urges investors to watch the 50-day SMA on a monthly chart and explains how it compares to downside trends like the Great Recession of 2008. However, Kevin adds that there could be technical opportunity for investors if there's capitulation signals.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Open land rarely garners the same attention as developed properties due to their perceived value discrepancies. But as today's guest, Kevin Bupp explains, there are many ways to generate significant income from open spaces like mobile home parks and parking lots. Kevin is a seasoned commercial real estate investor, a top podcast host, and author of The Cash Flow Investor, a practical step-by-step framework for creating financial freedom by investing in commercial real estate. Kevin begins our conversation by explaining who he is, what he does, and how he got into the world of real estate. Then, we discover what piqued his interest in mobile home parks, how he invested before stumbling upon this revenue stream, the challenges he's overcome and lessons learned since and because of The Great Recession, and the importance of discipline and planning for the worst when entering new investments or developments. To end, we unpack parking lots and why this is a crucial business model to take note of, and we explore why seasoned real estate professionals appreciate the value of longer holds.    Key Points From This Episode:Kevin Bupp explains who he is, what he does, and how he got into real estate. Understanding what drew him to mobile home parks and how he invested before this venture.The lessons he learned from The Great Recession of 2008.Challenges he and his company have faced and ultimately, overcome. The power of discipline, planning for the worst, and being secure in real estate fundamentals. Parking lots: Why this relatively underexplored business model deserves a second look.  How real estate experience reveals the value of longer holds. Links Mentioned in Today's Episode:Kevin BuppKevin Bupp on LinkedInKevin Bupp on InstagramKevin Bupp on FacebookKevin Bupp on YouTube The Cash Flow Investor ‘The Passive Investors Guide to Parking Lot Profits'Real Estate Investing for Cash Flow | Mobile Home ParkSunrise Capital Investors  Invest with Sunrise Capital InvestorsBrian Spear on LinkedInAsset Management Mastery Facebook GroupBreak of Day Capital Break of Day Capital InstagramBreak of Day Capital YouTubeGary Lipsky on LinkedInJoseph Fang on LinkedIn

"Anything's possible to the upside," says Kevin Green, but he adds that the path of least resistance is down. A news-driven market has gripped trading over fundamentals, as Kevin points to Jerome Powell and the EU as two more potential catalysts today. On the SPX, he shows the index's move toward the flat line year-over-year. Sticky volatility is another trend Kevin expects is possible as well, pointing to the Great Recession as an example.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Markets are sinking. Tariffs are looming. Wall Street's sweating bullets. Trump's trade policies have stocks on a downward rollercoaster, but savvy investors smell opportunity in the chaos. Will your portfolio weather the tariff storm? Is this the buying chance you've been waiting for? Should you join the gold rush while others panic? We're unpacking all that and more on this week's podcast. It's financial wisdom you can't afford to miss. So grab your shopping list, steady your nerves, and tune in. It could turn market lemons into investment lemonade. Watch the YouTube version: https://youtu.be/SVAIR30bI4Q 00:00 - Introduction and market downturn overview00:47 - Why you shouldn't panic during market drops01:08 - Evaluating if your portfolio allocation is appropriate01:37 - When to start buying during market declines02:13 - Gold and alternative investments as hedging options02:32 - Learning from the 2009 Great Recession opportunity03:54 - Creating a shopping list of desired stocks04:23 - The paradox of wealth creation during bad times04:54 - Final advice and long-term perspectiveBecome a member: https://www.moneytalksnews.com/members/See omnystudio.com/listener for privacy information.

Audrey McLoghlin's peer once compared her to a cockroach that could withstand nuclear warfare. Weird compliment? Maybe. But Audrey says she was touched. She grew up with an alcoholic father and learned early to rely on herself, not a partner, to make ends meet. As a serial entrepreneur in fashion, she's built her businesses through some of the toughest economic times—think: the Great Recession and COVID-19—proving resilience is her superpower. In this episode of 9 to 5ish, Audrey shares:  Why “stranger danger” seemingly doesn't exist in Ireland  How she went from engineering to entrepreneurship in her early 20s The biggest thing she learned going through personal bankruptcy Why she thinks entrepreneurs owning 100% of their company isn't a one-size-fits-all approach  Learn more about your ad choices. Visit megaphone.fm/adchoices

Send us a textDr. Robin Hills, an esteemed business psychologist and the visionary director of EI4Change, joins us to unravel the pivotal role of emotional intelligence in the realm of business. We'll explore how emotional intelligence is not just a leadership buzzword but a critical skill for effective decision-making, communication, and relationship-building. Inspired by Daniel Goleman's groundbreaking work, Dr. Hills shares his transformative journey of overcoming multiple redundancies and imposter syndrome to build a thriving business during the Great Recession. Get ready to delve into the universal struggle with self-doubt and discover the secret to finding inner confidence amidst professional challenges.Have you ever wondered how the art of listening can redefine your personal and professional relationships? Tune in as we dissect the different levels of listening and their profound connection to emotional intelligence. With focused listening and the power of open-ended questions, you'll learn how to foster deeper connections and enhance self-awareness and empathy. Dr. Hills illustrates his insights with a moving story about adapting to hearing loss, turning what some might perceive as a weakness into a formidable strength. The conversation underscores the importance of being present and embracing life's unpredictability, offering strategies for achieving a fulfilling and connected existence.Finally, embark on an exploration of embracing change and taking action in an ever-evolving world. Through the lens of technology's dramatic evolution, we emphasize adaptability and strategic thinking as keys to navigating life's challenges. Dr. Robin Hills offers insights from his book on emotional resilience, providing valuable strategies for maintaining poise in the workplace. Let this episode inspire you to take imperfect action and pursue what truly energizes you, leaving behind a legacy of growth and resilience. With resources like Dr. Hills' courses on emotional intelligence, this episode equips you with the tools to enhance your workplace dynamics and personal well-being.How to reach Jeremy:https://uk.linkedin.com/in/robinhills To Reach Jordan:Email: Jordan@Edwards.Consulting Youtube:https://www.youtube.com/channel/UC9ejFXH1_BjdnxG4J8u93Zw Facebook: https://www.facebook.com/jordan.edwards.7503 Instagram: https://www.instagram.com/jordanfedwards/ Linkedin: https://www.linkedin.com/in/jordanedwards5/ Hope you find value in this. If so please provide a 5-star and drop a review.Complimentary Edwards Consulting Session: https://calendly.com/jordan-555/intro-call

"Wealth gained hastily will dwindle, but whoever gathers little by little will increase it." — Proverbs 13:11This verse offers a powerful lesson on financial stewardship—true and lasting wealth isn't built through shortcuts or speculation but through steady diligence and faithful management. In today's fast-paced world, financial success is often measured by how quickly one can accumulate wealth. Social media is filled with stories of overnight millionaires, high-risk investments, and shortcuts to riches. But is this the right approach? Let's explore how this biblical principle plays out in real life.The Temptation of Instant WealthTo illustrate this principle, let's look at the real-life story of an executive at a major Western bank—we'll call him Brian to protect his anonymity.Brian began his finance career in the 1990s, confident in his ability to manage money. However, he now admits that he was living beyond his means and accumulating debt. This financial instability made him especially susceptible to the allure of quick wealth, particularly during the height of the dot-com boom in the early 2000s.When a coworker offered him a chance to get in on the ground floor of a "can't lose" tech startup, Brian didn't hesitate. He scraped together $10,000, convinced he was on the fast track to wealth. In his mind, success was inevitable—he was already preparing to celebrate.But before he could, Brian heard the sound of the dot-com bubble bursting. His investment vanished, lost in a company he knew little about. He had chased quick wealth only to face the painful consequences.His story echoes the warning of Proverbs 28:20:"A faithful man will abound with blessings, but whoever hastens to be rich will not go unpunished."The Consequences of Chasing Quick WealthIt's important to understand that God doesn't sit around waiting to punish people for making bad financial choices. Instead, He may allow those poor decisions to lead to their natural consequences. Proverbs 13:11 teaches that when money is gained too quickly—whether through reckless speculation, gambling, or unethical shortcuts—it often lacks a foundation of wisdom and discipline, making it easy to lose.1 Timothy 6:9-10 warns:"Those who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge people into ruin and destruction. For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs."Many people experience financial hardship because they prioritize speed over stewardship. But God has a better way.The Power of Slow, Faithful GrowthIf Proverbs 13:11 warns against hasty wealth, it also points us to a better way:"Whoever gathers little by little will increase it."This principle isn't flashy, but it's powerful. True financial growth happens gradually through wisdom, patience, and discipline.Rather than seeking quick riches, God calls us to:Work diligently and earn honestly (Colossians 3:23).Save and invest wisely over time (Proverbs 21:20).Be generous and steward money for His purposes (2 Corinthians 9:6-7).Financial success isn't about speed—it's about faithfulness over time. Or, as the late Eugene Peterson put it so well, it's about “long obedience in the same direction.”Brian's Financial RedemptionBrian's story didn't end with financial ruin. Instead of giving up, he decided to take a biblical money management class through his church. That's when things started to turn around.He learned to be more disciplined with his finances—budgeting, saving, and living within his means. Eventually, he began investing again, but this time, he avoided speculation and focused on something he understood: real estate. He started small, took his time, and remained patient.Because he wisely managed his investments, his real estate holdings survived the housing crash and the Great Recession. Over time, he even started a fitness-related business with his son—something he had always dreamed of. That business survived the challenges of COVID-19 and is still thriving today.Brian's financial recovery wasn't instant. It was the result of steady, faithful growth over many years. His story is a testament to the wisdom of Proverbs 13:11—building wealth little by little often leads to long-term success.If you've experienced financial setbacks, don't lose heart. The key is to keep moving forward. The world promotes shortcuts, but God calls us to faithfulness. If we embrace patience, diligence, and godly stewardship, we'll not only experience financial security but also the joy of honoring Him with our resources.So, instead of chasing instant success, let's follow God's way—one wise step at a time.On Today's Program, Rob Answers Listener Questions:I received a notice from my bank about an arbitration provision and class action waiver for dispute resolution by individual arbitration. What does this even mean?I'm doing a remodel because my husband has Parkinson's, and I need to modify the bathroom to accommodate him. The bathroom renovation will cost about $25,000 to $30,000. Should I take the money from my 401(k), or would it be better to use funds from my home, which has been paid off for about seven years?My wife had open heart surgery at the end of 2023, and due to her portable bypass, she's unable to work continuously. I want to build retirement savings for her through a Roth IRA. I know I can open a spousal IRA for her since I'm working, but I'm concerned about whether this might affect her current disability benefits.I'm 65 and considering retirement in a couple of years. My friends suggest I take Social Security now, but I'm wondering about the best strategy. I'm currently 67 and don't need the money right now. Should I take Social Security now, wait until my full retirement age, or wait until I'm 70 to get a higher benefit? What are the investment implications of each option?Resources Mentioned:Faithful Steward: FaithFi's New Quarterly MagazineMovement MortgageSSA.gov (Social Security Administration)Wisdom Over Wealth: 12 Lessons from Ecclesiastes on Money (Pre-Order)Look At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

Keith shares some historical perspective on inflation highlighting the cost of a Taco Bell meal in 1999 to its cost today. He also touches on the concept of service inflation, where services like mail delivery and self-checkout at grocery stores have become less convenient but not cheaper. Keith reviews the historical performance of real estate during the last eight recessions, noting that housing prices usually rise during recessions. He explains the concept of the Inflation Triple Crown: asset price inflation, debt debasement, and cash flow enhancement. Housing prices usually rise during recessions, as demonstrated by historical data. Resources: To learn more about the Inflation Triple Crown go to: getricheducation.com/itc. Show Notes: GetRichEducation.com/547 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching:GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai    Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, is higher inflation or even hyper inflation now in our future, and is an imminent recession, or even worse, a depression lurking. What's it all mean for your investments and your real estate? We'll investigate exactly what happens to real estate during recessions, historically today, on get rich education,   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 rights 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 and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Corey Coates  1:19   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  1:35   Welcome to GRE from Hartsdale, New York to Springdale, Utah and across 488 nations worldwide. I'm Keith Weinhold. I think you know that by now, you are inside one of America's longest running and most listened to real estate investing shows. This is get rich education. Most people have two plans. Plan a get rich. If that doesn't work out, the alternative is Plan B, which is hate rich people.   We are firmly rooted in plan a for you here. So yes, we're about building your wealth, but ultimately we are a lifestyle improvement show. I'm going to get to high inflation and the potential for a recession or depression in just a minute. But I recently got a reminder on the fragility of life and its finite nature. My oldest friend recently died. He was almost like a mentor to me, a friend of mine's grandmother recently died, shattering her world, and it's a reminder that you won't be remembered for the money that you make. You won't even be remembered the real estate portfolio that you build. I mean, that surely won't last. The tennis that you serve, they'll die as well. I will be forgotten. This show will be forgotten. The people that love you, their opinions will die with them. Your Haters, their opinions will die with them. You can confirm that this is true right now by naming your eight great grandparents for me, there. Go ahead. You can't do it. I can't either. So what can you do, at least in this finite life that you have on earth? What you can do is enjoy your existence. The good news is, because you can control this, you can control enjoying your life and existence as get rich education is ultimately a lifestyle improvement show, and we are squarely helping you do that right here. And one way that I've done that over the years is by pointing out how inflation is actually advantageous to real estate investors. Well, it impoverishes most people. You're initiated on that by now. That's something that you really found out tangibly back during the pandemic. Now today, though, wow, people are frightened. I've got some contemporaneous material to share with you today, but I'll give you some lessons so that even if you're listening to this 10 years from now, you're going to learn some lessons. Americans inflation expectations for the next five years. They just hit the highest level since 1993 Yeah, expecting a lot of inflation, tariff pressures are a huge concern now. Last week, inside our newsletter, I sent you something that gave you some perspective on inflation. I sent you a photo of a Taco Bell receipt from 1999that might have left your mouth agape if you didn't see it. I'll tell you about it here and expand on this. And yes, it could leave you aghast, stupefied, gobsmacked, or even flabbergasted. In a sense, 1999 was not that long ago. It's sure not like ancient history. I mean, I was alive then, yes, I am here, and I'm from the 1900s. Well, this 1999 Taco Bell receipt that someone found perfectly preserved in the pages of a book. It shows a complete meal that was purchased for $3.50 it was actually just $3.26 and then the rest was tax added in. That's 350 for a chili cheese burrito, a taco nachos and a 16 ounce Pepsi. That's not the price for each item. That is the combined total from 1999 All right, how much do you think those same items would cost today? I don't eat there. I went to the Taco Bell website and found out. I mean, what an inflation measuring stick. This is what cost, 350 A Taco Bell in 1999 costs $11.44 today I use the same sales tax rate to come up with that. So today it's 1144 and today they also ask you a question a Taco Bell, if you want to round up for the kids or something like that, and then just watch, pretty soon, they're gonna request a tip too. That's a 327% price increase, and few people's wages have risen that much since 1999See, I told you that you would be left slack job and flabbergasted. All right, so let's look at where we are today. Now it's not an apples to apples comparison, but you know, Taco Bell is a fast food restaurant. Let's look at the price of a consumer item at a sports stadium today. All right, because both are places that everyday Americans frequent college basketball's March Madness tournaments have been taking place the last few weeks. Well, for the first time ever, the SEC is selling beer at its tournament. The price for one large premium draft beer is $17.50 so before tax or tip, 1750 for one beer all in that might be $20 or more, and I doubt that the beer is really that premium. I mean, you know what kind of beer you get at stadiums. So we look at inflation, one beer today is at least five times the cost of a complete Taco Bell meal in 1999   that's price inflation, and that's the stuff that's highly perceptible. Okay, you've been seeing that effect all of your life. It's making most people poorer. It's making real estate investors wealthier. And then there's the inflation that few people consider the less perceptible stuff, service inflation. And what are some examples of service inflation growing up the postal service delivered mail right to my parents porch, and they still do deliver mail right to my parents porch. Their neighborhood was built more than 100 years ago, but look, when new neighborhoods are built today, like places I've lived and perhaps where you live now, the postal service doesn't deliver your mail right to the individual mailbox on your porch. Today, you've got to walk both ways to your neighborhood's mailbox cluster. Some people even have to drive to get their mail. So your mail is no longer being delivered. Really, you have to go pick it up. Well, they don't lower the price for that reduced service level. That's service inflation. A second example is more obvious, grocery self checkout. You're taking the time and doing the work of scanning your groceries, but yet, they sure aren't lowering the prices of your lettuce and your beef jerky. And look service, inflation is here to stay. That is because companies make investments in it. The Postal Service bought those mailbox clusters, the supermarket bought those self checkout kiosks.    All right, so with this ramp and price inflation and service inflation, along with it, and the other forms of inflation that I've talked about on the show before, like stagflation, tip inflation and Shrink flation and skimpflation. What is an individual investor like you supposed to do? Well, stock and mutual fund investors get killed by inflation. I mean, think about it this way, just killed if the Sp5, 100 gains 10% but there's 5% inflation. That's a 50% hidden tax on your gain, plus you might pay capital gains tax. On top of that, savers really get obliterated. I mean, just destroyed if your bond yield or your savings account pays 4% interest, and there's 5% inflation. That is a 125% hidden tax on your gain, and then you might pay regular tax on top of that. So stocks and mutual funds and savings accounts are not the answer. What is the answer? Real Estate and borrowing the opposite of saving. And let me address now, whenever people get fearful that another wave of inflation is coming, whether that's tariff induced or otherwise, let's not get carried away and think that Hyperinflation is right around the corner, although definitions of hyperinflation vary, the most accepted one by economists is a 50% inflation rate per month, not annually, per month. So that would be over 600% a year, with compounding. I mean, that would be really hard to get, but what we do know is that inflation is still elevated above the Fed's 2% target. It's 2.8% today. And what we do know is that more inflation is coming at what rate nobody knows. These facts almost necessitate that you have either got to start your own business, which is tough, or become a real estate investor which is easier, in order to escape this and acquire some lasting wealth. Any devoted listener here knows that the formula for beating it is luckily, not highly sophisticated, not esoteric, not anything that you need a degree or certification for, just own income properties with loans, and that's when inflation produces three profit centers. As we know that is something that I coined as the inflation triple crown. So if you're new, you're learning something. If you've been around here for a while, here's a little comprehension test for you. What are the three crowns in the inflation Triple Crown, you win with asset price inflation, debt debasement and cash flow enhancement. Asset price inflation benefits you because you have leverage gains debt debasement passively lightens our debt burden for us, and then cash flow enhancement, that boosts our cash flow above the inflation rate, because our principal and interest payment stays fixed. And you can learn more about that totally free. You don't even have to leave your email address or anything. You can watch the three videos of the inflation Triple Crown at get rich education.com/itc. For inflation, Triple Crown, it's just good free learning for you there I've made available at get rich education.com/itc, it is a foundational financial education. Is a recession or even a depression eminent, that's straight ahead. I'm Keith Weinhold. You're listening to get rich education.   You know what's crazy? Your bank is getting rich off of you, the average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family to 66866, to learn about freedom. Family investments. Liquidity fund again. Text family, to 66866   hey, you can get your mortgage loans at the same place where I get mine at Ridge lending group NMLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties, they help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Chaley Ridge personally. Start Now while it's on your mind at Ridge lendinggroup.com that's Ridge lendinggroup.com   you   Dani-Lynn Robison  15:45   This is freedom. Family investments. Co founder, Danny Lynn Robinson, listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  16:00   Welcome back to get rich Education. I'm your host. Keith Wynne Holland, you are inside episode 547. I'll tell you, being a landlord or real estate investor can really change you now. I was using the stair climber at the gym just before talking to you today, I like to set up a big fan down on the floor to keep me cool before running or climbing. Plug it in, set up a fan. When I'm done, I turn off the fan. It's just a habit. I don't pay the electricity bill at my gym, but it's just the way that I would want to be treated. But you know what? When I find a fan that's already set up before I grab it and start on the treadmill. That fan is always running when no one is using it. No one turns off their fans when they don't have to pay for the electricity. And this reminds me of when I owned apartment buildings in Anchorage, Alaska, and tenants kept their windows open, even during the frigid winter, so that they could get fresh air. Yeah, you can guess who was paying the heating bill. It wasn't the tenant. It was me. The larger the apartment building is, the more likely that the owner is the one that pays for more of the utilities. And of course, in that case, you can look into utility sub metering. That process can be costly, but it might be worth it. It can increase your cash flow and your net operating income, which, when it increases your net operating income, that means that it also increases the apartment buildings value. And you know, in real estate today, you've got to look for where the opportunities are. There are opportunities in every market today. For places where there are specifically good opportunities are apartment buildings where their values have fallen 20 to 30% in some markets, it's wise to invest in beaten down sectors that you just know are going to come back like you know, the demand for apartment buildings is going to be there long term. This doesn't mean that you want to invest in any beaten down sector, like Office real estate in general. I don't see how that's coming back. A second strong real estate opportunity today is to find over built pockets, especially ones that exist in Texas and Florida. I mean, this is why they call them buyers markets. A Texas or Florida seller might make you a deal, and that doesn't mean everywhere in these states. For example, Southwest Florida is one area that's specifically over built, even amidst the national landscape that's under built. A third and a fourth area of specific real estate opportunity today are two that I have mentioned before, but they persist. That is still brand new, properties where many builders are still motivated to buy down your mortgage rate to about 5% even 4.75% in some cases, and new builds have low insurance premiums too. And then a fourth opportunity. That's something that we've covered a good bit here these past few weeks. BRRRR, real estate investing, buy, rehab, rent, refinance and repeat. That's a specifically good strategy if you don't have, say, hundreds of 1000s of dollars in liquidity to invest. Now you might ask, do those four strategies have validity? Do they have cogency in today's market, where there are these fears of an economic slowdown. Oh, yes, they do, or I would not have gone over them, but these palpable recession Fears are growing, and some are even asking, is a new Great Depression eminent? There is tons of bad economic news right now, not just in the US, but the global economy is on the edge, starting earlier this month, stock market tremors have turned into full blown convulsions. Trillions of dollars in wealth have just vaporized, wiped out. Investors are rattled, consumers are anxious. Business owners are confused, and those in power in the administration, they insist that tariffs and policy swings are all just part of a transition period, but a transition to what some have even asked, Is the everything bubble finally about to pop. Is this the brink of a recession or something even deeper, a D pressure? Well, one thing is undeniable, from stocks to crypto asset prices recently made a free fall, and I've got some long term lessons for you today, even if you're listening to this years from now, including what a phenomenon like this historically means for the real estate market, it's about what really happens to property values during an economic recession. Stocks recently had their worst week since 2023 barreling toward an all out bear market crash. A bear market means when 20% of the value has been lost from a recent high. Even Bitcoin, the poster child of speculative excess, has cratered. The carnage has been everywhere. But yet, instead of taking steps to prevent an economic meltdown, the administration in power, whether you like them or not, they have introduced more and more radical policies that could accelerate the crisis. Now, some of the tariffs could help long term, but the short term pain is perceptible, and you've got to be able to survive it. We've got new tariffs on multiple countries, and these are our biggest trading partners, even if these import taxes diminish, this is already strained friendships long term, especially with Canada. These countries keep retaliating with tariffs of their own, Canada, Mexico, China and the EU government spending is being slashed. Mass layoffs of federal employees have been underway for a while now. This is not just an economic experiment. I mean, this is a high stakes gamble with global consequences. So is this a detox period, or is it an economic freefall? Treasury Secretary Scott tebescent described this economic shift as a necessary detox period. That's the phrase that he used, and yes, I need to acknowledge there is no more grandma Yellen running the Treasury for long time, listeners, that is a reference to the long running joke about how my late grandmother resembled former Fed chief and former Treasury Secretary, Janet Yellen, but anyway, according to Besant, the US must break free from what he calls its addiction to government spending in return to private sector growth. Now, hey to me, that sounds good. Actually, that sounds like a good plan for the long term. But here's the problem, that addiction has been the lifeblood of the US economy for decades. And you know, this is something that regular GRE guest macroeconomist Richard Duncan has talked about when he's here. Remember what he's told us for over a decade here on the show, if the US doesn't have 2% real credit growth, credit expansion, well then we go into a recession. Well, what happens when the government cuts spending during soaring consumer prices due to trade wars? What happens when businesses hesitate to invest in the face of extreme uncertainty? Well, the bad news is that tariff whiplash and massive layoffs mean that businesses can't plan, and when businesses can't plan, they freeze. Look, just the other day, I talked to the President of a manufacturing company they make stainless steel tube valves and fittings. Due to all the tariff uncertainty, he's had to set up a reserve account based on what happens next, all right. Well, with that reserve account, that means that that's not money that's going into equipment reinvestment, that's not money that's going into making new hires. What happens when more confidence shatters and markets spiral lower? We may be about to find out. So has the recession, which is a precursor to any depression, already begun? Well, the warning signs are multiplying. Most ominously at last check, the respected Atlanta Fed tracker is now forecasting a more than 2% contraction in US GDP this quarter. That is quite a drawdown and two negative GDP quarters in a row. I mean, that is the definition of what a technical recession is. And here's a quick history piece for you in 1930 to try to quell the effects of the Great Depression, tariffs were passed. Alright. Do you know how badly that turned out back then in 1930 it was called the Smoot Holly Tariff Act. It raised tariffs to try to collect more revenue for the government. It didn't work, and the US sunk deeper into the Great Depression, with rampant unemployment and poverty and social unrest. There was a rise in crime, there were bank failures, even hunger and malnutrition. That's what a depression looks like, right there. Well, back to today. Right now, consumer confidence is collapsing. Retail Sales are plunging. The bond market is signaling distress, and yet those in power appear kind of oblivious to the magnitude of the risk. So what if it's not a transition and it is a start of something far worse? And see, this is just part of what's made investors raise their bets on a recession. Stocks are down like a global trade war has begun. Crypto has fallen like risk appetite has collapsed. Bond prices are rising like inflation is declining, and experts have priced in a 52% chance of a recession in the next 12 months. Okay, 52 that's like flipping a coin and just hoping that it lands on good news. Now in the real estate world, when we talk about direct threats from tariffs, as I've touched on before, the biggest direct threats are tariffs on lumber and on gypsum board. The lumber is used in house framing and trusses. Gypsum board, that just means drywall, the base case for tariffs on Canadian lumber alone, that adds about $10,000 to the cost of a new build typical single family home, which in turn jacks up all existing housing prices and their replacement cost. But let's look beyond that now at market factors. How is real estate adversely affected if the economy slows? Though historically. Let's look at how recessions really affect housing prices, and this is, again, as I like to say, where we take history over hunches. It's easy to have a hunch about what you think is going to happen, but let's look at what has really happened. How do real estate prices perform during recessions. When we look at the last eight recessions, okay? And the most current of those was in 2020, and then when we go back eight recessions ago, that is the 1960s Okay. Well, let me move along in chronological order here, during those eight recessions, starting in the 1960s leading up to today, housing prices, and this includes single family homes up to multifamily apartment buildings, they were just rounding to the nearest whole number here, up 5% there in The late 60s, in that recession, and then up 18% up 14% in the next recession, and then no change, down 1% and then up 6% and then down 13% that was during the 18 month recession, around 2008 and then finally, home prices were up 8% in the latest recession, alright. So in our total of eight recessions since the 1960s home prices only fell significantly one time, and they usually rise that one timethey fell. Let's explore that. That was during the 2008 global financial crisis, which involved more than just the recession. It was a deep recession, that's why it's called the Great Recession, but it also involved more than that. 2008 was special because that was a time of housing oversupply and low homeowner equity positions and a complete mortgage meltdown backed by flimsy liar loans. Well today we are in the opposite of all three of those conditions. We have a housing under supply. Americans have a record 300k plus in protective equity that they are not going to walk away from. And more.   Underwriting is stringent, the opposite of a liar loan. So housing prices usually rise in recessions, and if we're teetering on the brink of a recession, there are a lot of reasons to think that housing prices will go up yet again. And by the way, I felt what was happening back in 2008 I invested through it. I think I let you know before that, that's when I owned two four Plex buildings, 2008 but it didn't feel that bad to me, because my properties were temporarily suppressed in value, and that part didn't feel good, but my rents and rental demand went up because no banks would give loans to borrowers to buy properties, so I wouldn't want to sell when the buildings were paying me a higher than ever monthly income. But let's not lose the greater point what I'm telling you here that housing only fell significantly one time through the last eight recessions. That demonstrates the resilience of the housing market. And by the way, those stats were sourced by the NAR and the NB er National Bureau of Economic Research. All right, so why is this? Why is housing resilient in the face of a recession? There are a few reasons, but a main one is see, even if and when times get tough, people still need a place to live, and they will pay for it, especially now, when they have record equity, people are motivated to make mortgage payments and make rent payments, or else they are going to be homeless. So tough times when consumers they get less likely to pay for their car loan are less likely to pay for student loans, and when they default on credit card payments, that's when this stuff happens, but people will fight like heck to avoid losing their home. I mean, people will pay for food, shelter and safety. And also, when it comes to recessions, let's not forget how many bad just God, awful, wrong recession calls there were from over the past two to three years. I mean, the so called experts were wrong, wrong, wrong. Today, the economy is actually starting from a good place. And what do I mean here today, consumers still have money to spend, and they probably will. This is huge, because consumer spending is 70% of the economy, but how will they respond when these higher tariff induced prices hit more shelves at Walmart and Target? We'll see unemployment is still so low that it's practically down there doing squats. But you know these numbers, they're always backward looking, so it does only aim to get worse. The labor market is firm. Interest rates have been pretty steady. They've fallen a little. Energy prices are still down. So really, the bottom line with what I've shown you so far is that federal policies have induced economic trauma, and it does increase the chance of recession over the next 12 months. During recessions, housing is a top performer, and interest rates usually fall as well, and specifically interest rates of all types, including the Fed funds rate, mortgage rates, pretty much every interest rate type, they tend to fall in the mid and late stages of a recession. So this is what you can expect based on history, not hunches. But as for a depression, that is super unlikely. We haven't had one in 90 years, and today. I mean, come on, we have seen what the powers that be do. We can see how they respond to crises. They will just print and print and print more dollars to help pave over any problem. And that's not responsible long term, and it creates more inflation, but that's exactly what the government did to pull us out of the Great Recession and to pull us out of the COVID slowdown. We'll review what you've learned today in just a minute, but let me tell you, though you may very well have the majority of your capital smartly invested in real estate, since that's where the long term wealth creation is, those funds are not very liquid. So what about your liquid funds? Like I pointed out early in the show today, amidst higher inflation expectations, inflation really destroys those in the stock market, and it absolutely crushes savers. Savers really get destroyed, because if your bond yield or your savings account pays you 4% interest, and there's 5% inflation, that is a 125% hidden tax on your gain. And if that's the. Damaging enough there might be tax that you have to pay on that gain, which is not really a gain. This whole thing was a big loss.   So for some people, including me, what I do is become a lend. Lord, yes, I get a higher yield by lending to others a lend. Lord. I mean, why settle for just a, say, four and a half percent yield on your liquid funds? I mean, that's the level at both the 10 year bond and the savings account yield today, about four and a half percent. I've parked my own liquid funds for a steady 8% yield that I've been getting for years with a long time established real estate company. I make the loan to them, they have paid on time, every time, for that steady 8% return. And see, when you understand that directly investing in real estate pays five ways, and that a 20 to 30% total ROI, therefore is common and even expected. You can understand how they can pay you and me an 8% return on your liquid funds. You can see where the arbitrage is. Just a little insider tip here. It's called Freedom family investments. If you want to learn more, text family to 66 866. Their minimums are pretty low to 25k and you don't have to be accredited. So for steady 8% returns from the same place in the same vehicle where I've been getting my 8% you can just do it right now. What's on your mind? Text the word family to 66866.    Let's review what you've learned today, Americans have higher long term inflation expectations than they've had since 1993 a 1999 Taco Bell receipt really brings to light how much inflation you have experienced in your life. Though, higher inflation can come. Hyper inflation is unlikely. Let's not get carried away. The prospects for a recession are 52% in the next 12 months, per a plurality of experts, but a depression is really unlikely. Now you know how real estate performs in recessions and why it holds up so well it even tends to appreciate coming up here on the show are some prominent guests, including the leader of rezzy club. You might know about them. Sometimes I share their great charts in our newsletter. Yes, rezzy Club's Lance Lambert will be with us. Also, Legacy finance expert Laurel Langemeier will be here with us on another upcoming episode. Thanks for being here, but you weren't here for me. You were here for you. I'm Keith Weinhold. Don't quit your Daydream.   Dolf Deroos  37:53   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  38:16   You know, whenever you want the best written real estate and finance info. Oh, geez, today's experience limits your free articles access, and it's got paywalls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read. And when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text. GRE to 6866 while it's on your mind, take a moment to do it right now. Text, GRE to 6866   The preceding program was brought to you by your home for wealth, building, get rich, education.com.    

Mark Manson's journey into the workforce started during a challenging time: the Great Recession of 2008. After struggling with various odd jobs, he shifted his focus to blogging and became a bestselling author. In this episode, Mark explores human behavior, the psychology behind success, and how the critical thinking needed to develop a growth mindset is key to navigating career and personal development in a rapidly changing world. In this episode, Hala and Mark will discuss: (00:00) Introduction (02:40) Mark Manson's Journey to Becoming a Blogger and Author (05:13) The Evolution and Challenges of Blogging (06:39) Key Takeaways from Mark Manson's New Book (09:43) Understanding Hope and the Uncomfortable Truth (14:09) The Thinking and Feeling Brain (20:18) Pain as a Currency of Our Values (22:14) The Concept of Anti-Fragility (30:37) Defining Adulthood and Real Freedom (39:35) Hope in Science and Technology Mark Manson is a three-time New York Times bestselling author and entrepreneur. His books, including The Subtle Art of Not Giving a F*ck, have sold over 20 million copies in 75+ languages worldwide. He has also built a thriving online business, offering courses, podcasts, and one of the most popular self-improvement newsletters. Known for his brutal honesty and dry humor, Mark has established himself as a leading voice in the fields of mindset, self-improvement, and human psychology. Sponsored By: Shopify - youngandprofiting.co/shopify Open Phone - openphone.com/profiting Airbnb - airbnb.com/host Indeed - indeed.com/profiting    RobinHood - robinhood.com/gold Factor - factormeals.com/factorpodcast   Rakuten - rakuten.com Microsoft Teams - aka.ms/profiting Active Deals - youngandprofiting.com/deals       Key YAP Links Reviews - ratethispodcast.com/yap  Youtube - youtube.com/c/YoungandProfiting  LinkedIn - linkedin.com/in/htaha/  Instagram - instagram.com/yapwithhala/  Social + Podcast Services - yapmedia.com   Transcripts - youngandprofiting.com/episodes-new  Entrepreneurship, Entrepreneurship Podcast, Business, Business Podcast, Self Improvement, Self-Improvement, Personal Development, Starting a Business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side Hustle, Mental Health, Career, Leadership, Mindset, Health, Growth Mindset, Positivity, Critical Thinking, Robert Greene, Chris Voss, Robert Cialdini.