Podcasts about Great Depression

Growing up in the Salinas Valley of Northern California, John Steinbeck dreamed of becoming a professional writer. In his youth he took on odd jobs and worked amongst ranch hands and migrant workers, who would inspire some of his greatest work, including The Grapes of Wrath. Published in 1939, the book captured the struggles of everyday Americans during the Great Depression, and Steinbeck became famous for his empathetic portrayal of the working class.Steinbeck would go on to become one of the most decorated authors of the 20th Century, winning the Pulitzer Prize and the Nobel Prize for Literature, but he was plagued by marital struggles and chronic illness that threatened to cut short his writing career.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The FBI warns of possible drones heading to California. The Dad Bros “Would you rather” The Great Depression vs Covid. CNN host issues apology for her claim on the attempted bombing in NYC. AI developers want you to stop wasting AI resources with “please” and “thank you”. Is “hotwifing” really a thing? A study suggest caffeine might be protective against dementia. Drink of the Show: Suntory -196 Grapefruit SHOW LINKS CNN Abby Phillips Walk Back Abby Philips Narrative Attack on Mamdani? Ai Phone Spam  “Please” and “Thank You”  Cost Ai Millions Hotwifing- Is it REALLY a Trend? Caffeine Intake Linked to Reduce Dementia Secret Link Visit DadBros.com Follow the Dad Bros Show on Instagram, Facebook & Twitter Contact the Dad Bros: 1-844-DadTalk or Email Us Patreon Special thanks to: @LadyMpire & Beer Man Mark The post Ep 648 – Please and Thank You appeared first on Dad Bros.

Love, dating, and marriage have existed for thousands of years, but past romance could be bizarre, dramatic, and sometimes downright shocking. We delve into the strange history of love and relationships across centuries. From Julius Caesar's scandalous love life to Victorian Era dating rules, discover how romance evolved from ancient civilizations to the Great Depression's challenges. We're also uncovering some of the weirdest dating stories in history, including when serial killer Rodney Alcala appeared on The Dating Game. History proves romance has always been complicated—and sometimes unbelievably strange. Which historical love story shocks you the most? Tell us in the comments! 00:00:00: When A Serial Killer Went On The Dating Game...00:10:09: The Bride Ships Of 1620, Colonial America's First Transatlantic Party Buses00:20:10: Facts About Julius Caesar's Love Life00:30:40: How a 14th Century King Crowned His Corpse Bride Queen00:42:00: The True Story of Casanova | History's Most Legendary Lover00:54:49: Strange Viking Wedding Traditions and Rituals01:05:39: What Dating Was Like In the Victorian Era01:16:17: What Dating During The Great Depression Was Like01:25:50: Charles II - The King With the Wilder Love Life Than Henry VIII #DatingHistory #WeirdHistory #HistoryOfMarriage #JuliusCaesar #VictorianEra #RodneyAlcala #Casanova #VikingTraditions #GreatDepression See show notes: https://inlet.fm/weird-history/episodes/69b450b5558399b5dd07e02c Learn more about your ad choices. Visit podcastchoices.com/adchoices

At the start of the Great Depression, a Minnesota candy magnate moved to the Pulaski area and became the community's biggest employer. Plus the local news for March 12, 2026 and Winter Storm Fern evictions. Credits: This is a production of Nashville Public RadioHost/producer: Nina CardonaEditor: LaTonya TurnerAdditional support: Mack Linebaugh, Tony Gonzalez, Megan Jones and the staff of WPLN and WNXP

Back on this day in 1933 President Franklin D. Roosevelt gave his first national radio address. These became known as fireside chats, which began at the lowest point of the Great Depression.

Let's put on a show! It's season 8 for Paul and Corey Cross the Streams, and this season we're watching musicals. It's a singular art form with a dynamic history, and we get to listen to a lot of cast recordings... It may be the Great Depression, but Paul and Corey are in the money! Yes, this week's episode is Gold Diggers of 1933 (1933). Directed by Mervyn Leroy, music & lyrics by Harry Warren and Al Dubin, choreography by Busby Berkeley, and starring Joan Blondell, Dick Powell, Ruby Keeler, Ginger Rogers, and Aline MacMahon (and more), Gold Diggers of 1933 was and is a classic of Hollywood musicals. However, Corey really didn't like it. The boys discuss sexism and the Male Gaze, the Hayes Code, spectacle and Busby Berkeley's impact on filmmaking, the reappraisal of musicals of the '20s and '30s that happened in the '70s, and even the Bonus Army.

Mount Rushmore is one of the most famous monuments in the United States. Nearly everyone can recognize the towering faces of George Washington, Thomas Jefferson, Theodore Roosevelt, and Abraham Lincoln carved into the granite of the Black Hills of South Dakota. But the real story behind Mount Rushmore is far more complicated—and far more fascinating—than most people realize. In this episode of Parkography, we explore the surprising history behind America's most recognizable monument. From the unlikely idea of South Dakota historian Doane Robinson, to the larger-than-life and controversial sculptor Gutzon Borglum, to the hundreds of workers who risked their lives carving the mountain with dynamite and hand tools during the Great Depression.

At the beginning of the Great Depression, three groups of Germans moved to Floreana Island in the Galápagos to create their own utopia. Over the coming years, paradise crumbled into sex, acrimony, and eventually murder. Author Abbott Kahler joins Alex and Boney to ask what the hell happened and to convince you to buy Abbott's book, in just 15 minutes.Patreon members get extra time: 15 more minutes, in which you get to see behind the scenes and find out how the book was written. You can subscribe here: https://www.patreon.com/cw/15MinuteBookClubBuy Eden Undone: A True Story of Sex, Murder and Utopia at the Dawn of World War II by Abbott Kahler at our Bookshop.org shop. Support authors, indie bookshops and us!UK Link - https://uk.bookshop.org/a/16621/9780008729721US Link - https://bookshop.org/a/118682/9780451498663Visit our Bookshop with books from all of our guests via the links below:(UK) https://uk.bookshop.org/shop/15MinuteBookClub(US) https://bookshop.org/shop/15MinuteBookClubPatreon members get extra time: 15 more minutes, in which you get to see behind the scenes and find out how the book was written. You can subscribe here: https://www.patreon.com/cw/15MinuteBookClubWatch the video version: https://www.youtube.com/@15MinuteBook_ClubBuy [INSERT BOOK TITLE] at our Bookshop.org shop. Support authors, indie bookshops and us!UK Link: US Link: Visit our Bookshop with books from all of our guests via the links below:(UK) https://uk.bookshop.org/shop/15MinuteBookClub(US) https://bookshop.org/shop/15MinuteBookClub Hosted on Acast. See acast.com/privacy for more information.

Bill Marriott built the largest hotel company in the world. But he didn't open his first hotel until he was 55 and he fought against it the whole way. In fact, the man that would go on to build the world's largest hotel chain started with a nine-seat root beer stand in Washington, DC and a simple goal: serve people well and build something that lasts. In this episode of Outliers, we explore how Marriott turned that single stand into huge hotel empire without a master plan. In fact, before hotels, he even made a detour to start the airline catering industry. We break down his obsession with downside risk, how he isolated variables like location, and why his refusal to rely on forces he couldn't control allowed him to expand during the Great Depression while his competitors folded. ----- Approximate Timestamps: (00:00) Introduction (03:58) Ice Cold Root Beer (10:35) The Hot Shoppe Expansion (12:07) Building the Machine (20:07) The Airport Expansion (24:20) The Marriott Lessons (26:22) The Hotel Empire (30:53) Handing Over the Presidency (35:01) The End of an Era ----- Upgrade: Get a hand edited transcripts and ad free experiences along with my thoughts and reflections at the end of every conversation. Learn more @ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠fs.blog/membership ------ Newsletter: The Brain Food newsletter delivers actionable insights and thoughtful ideas every Sunday. It takes 5 minutes to read, and it's completely free. Learn more and sign up at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠fs.blog/newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ------ Follow Shane Parrish: X: ⁠⁠⁠⁠⁠⁠https://x.com/shaneparrish⁠ Insta: ⁠https://www.instagram.com/farnamstreet/⁠ LinkedIn: ⁠https://www.linkedin.com/in/shane-parrish-050a2183/⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the Video Store Podcast.It's March, the snow is slowly melting, and the world is turning green. Everywhere you look, stores are pushing the same movies about leprechauns and four-leaf clovers.I'm here to give you a break from the lucky charms and offer up four different movies for the green spring season.Soylent Green (1973)Set in a crowded, overheated dystopian future, Soylent Green follows New York City detective Robert Thorn as he investigates the murder of a wealthy businessman. By 2022, the world has been pushed to the edge by overpopulation, pollution, and food shortages. Most people survive on processed food rations distributed by the powerful Soylent Corporation: Soylent Yellow, Soylent Red, and their new product, Soylent Green.As the investigation unfolds, Thorn uncovers a conspiracy that reveals the shocking truth behind Soylent Green and reaches the highest levels of the Soylent Corporation.If you like classic 1970s science fiction with a darker edge and big ideas about the future, this one is for you.The Emerald Forest (1985)The Emerald Forest tells the story of a young boy, Tommy, who disappears while his father is working on a massive dam project in the Amazon rainforest. Bill Markham spends the next decade searching for his son, traveling deeper into the jungle and encountering the indigenous tribes who call the forest home.It's a story of love, loss, and hope set against the lush green backdrop of the Amazon rainforest.If you're in the mood for an adventure that feels different from the usual Hollywood formula, this one is worth pulling off the shelf.Romancing the Stone (1984)Romancing the Stone is often labeled an “Indiana Jones clone,” even though the script was written two years before Raiders of the Lost Ark.Romance novelist Joan Wilder is suddenly pulled into a real adventure when her sister is kidnapped in Colombia. To save her, Joan must deliver a mysterious treasure map deep into the jungle. What follows is a fast-moving adventure filled with treasure hunters, narrow escapes, and an unlikely partnership with a rugged fortune hunter.Much of the film takes place in the thick green jungles of South America, where the landscape becomes just as important as the story. The lush setting adds a sense of danger and excitement as the characters try to stay one step ahead of the people chasing the same treasure, a priceless emeraldRomancing the Stone is pure 80s adventure fun. If you like action, humor, and a little romance, this is an easy choice for movie night. The Green Mile (1999)The Green Mile takes place inside a prison during the Great Depression and follows a group of guards who oversee death row. The story centers on John Coffey, a kind, imposing inmate who arrives with a mysterious presence and an unexpected gentleness.The “green mile” is the nickname given to the stretch of green linoleum floor that prisoners walk on their way to the execution chamber. Over time, the guards realize the man walking the Green Mile possesses something extraordinary, turning a routine prison job into a powerful story about compassion, redemption, and humanity.Settle in for this epic. It's a powerful, character-driven story that blends drama, mystery, and a touch of the supernatural.Thanks for reading Video Store Podcast! Subscribe for free to receive new posts and support my work. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.videostorepodcast.com

When Franklin D. Roosevelt stepped into the White House on March 4, 1933, the country was gripped by the Great Depression. Bank failures and record unemployment were ravaging the nation. Roosevelt knew Americans wanted a confident president who could lead them through the storm, and he was determined to hit the ground running.

This Day in Legal History: FDR Declares Bank HolidayOn March 6, 1933, just two days after taking office, President Franklin D. Roosevelt declared a nationwide bank holiday in response to the escalating financial panic of the Great Depression. At the time, banks across the country were collapsing as frightened depositors rushed to withdraw their savings. The closures threatened to completely destabilize the American financial system. Roosevelt used emergency executive authority to temporarily shut down the nation's banks in order to stop the flood of withdrawals. The pause allowed federal officials to inspect financial institutions and determine which were stable enough to reopen.Although the order began as an executive action, Congress quickly moved to support the president's efforts. On March 9, lawmakers passed the Emergency Banking Act, which retroactively approved Roosevelt's bank holiday and expanded federal oversight of banks. The law allowed only financially sound banks to resume operations and provided additional confidence to depositors. In the days that followed, many banks reopened under stricter supervision, and public trust gradually returned to the banking system. Roosevelt reinforced this confidence through his first “fireside chat,” explaining the reforms directly to the American public.Legal challenges later tested the government's authority to take such sweeping action during a crisis. Courts ultimately upheld many emergency financial measures adopted during the early New Deal period. These rulings helped establish the principle that the federal government has broader power to respond to national economic emergencies. The bank holiday of March 6, 1933, therefore became an important early example of how executive initiative and congressional support can combine to address a national crisis.An insurer has filed a lawsuit accusing OpenAI of engaging in the unauthorized practice of law after its AI chatbot allegedly provided faulty legal assistance to a disability benefits recipient. According to the complaint, Nippon Life Insurance Co. of America had settled a long-term disability dispute with Graciela Dela Torre in January 2024. About a year later, she questioned the agreement and asked her attorney about reopening the case due to alleged documentation problems. When her lawyer explained that the settlement was final, Dela Torre consulted ChatGPT, asking whether her attorney had dismissed her concerns.The insurer claims the chatbot suggested that her attorney had invalidated her feelings and deflected responsibility. After receiving that response, Dela Torre fired her lawyer and attempted to reopen the case on her own. The lawsuit alleges that ChatGPT generated legal arguments asserting that her former counsel had pressured her into signing a blank signature page. She filed a motion based on those arguments, which Nippon says violated the settlement agreement releasing the company from future claims.According to the complaint, Dela Torre then submitted numerous additional filings drafted with the chatbot's help, including more than twenty motions and other court documents. The court rejected her attempt to reopen the case and upheld the settlement as valid. Despite that ruling, she allegedly used ChatGPT again to prepare a new lawsuit asserting claims such as fraudulent misrepresentation and interference with disability benefits. Nippon says she has filed dozens of motions that serve no legitimate legal purpose, forcing the company to spend significant time responding. The insurer is now seeking damages and an injunction preventing OpenAI from providing legal assistance to Dela Torre, while OpenAI has dismissed the claims as meritless.OpenAI Practices Law Without A License, Insurer Alleges - Law360A coalition of 24 states has filed a lawsuit challenging new global tariffs imposed by President Donald Trump. The case was brought in the U.S. Court of International Trade and seeks to block tariffs introduced on February 20 under Section 122 of the Trade Act of 1974. The states argue the administration rushed to impose the tariffs only hours after the U.S. Supreme Court invalidated an earlier set of trade measures that had been issued under a different statute. According to the complaint, the new tariffs were an attempt to revive similar trade restrictions using a separate legal authority.The policy first imposed a 10% tariff on imports worldwide and was raised to the statute's maximum 15% the following day. The administration justified the move by claiming it was necessary to address serious U.S. balance-of-payments deficits. However, the states argue that such deficits do not actually exist and that the government selectively relied on negative data while ignoring overall positive financial inflows. They claim this misuse of the statute mirrors the earlier tariffs that the Supreme Court struck down.The lawsuit also argues that the tariffs violate the Constitution because the authority to impose taxes and duties belongs to Congress. The Supreme Court recently emphasized this principle when it ruled against the administration's earlier tariff policy. According to the states, Section 122 was originally enacted to address problems tied to an outdated international currency system that no longer exists today. Because the statutory conditions cannot be met, the coalition argues the president's tariffs are unlawful. The states are asking the court to invalidate the measures before they remain in effect through the summer.Two Dozen States Sue Trump to Halt New Global Tariffs - Law360Twenty-four US states file lawsuit to stop Trump's latest global tariffs | ReutersA federal trade judge is meeting privately with government lawyers to determine how the United States will refund billions of dollars in tariffs that courts recently ruled unconstitutional. Judge Richard Eaton of the U.S. Court of International Trade scheduled the closed-door meeting as a settlement conference to discuss a practical process for returning money to importers. The tariffs at issue were a major part of President Donald Trump's trade policy but were struck down by the U.S. Supreme Court in February for exceeding presidential authority. Because the Court did not provide guidance on how refunds should be handled, lower courts are now working to establish a workable procedure.The scale of the refunds could be enormous, potentially reaching $175 billion and affecting more than 300,000 importers. Government attorneys have warned that processing the reimbursements will be unusually complex because it may involve manual review of tens of millions of tariff payments. Many of the affected importers are small businesses concerned about the cost and administrative burden of seeking repayment. Judge Eaton has indicated that he wants a system that avoids forcing companies to file individual lawsuits.The issue arose in a case filed by Atmus Filtration Inc., which claims it paid $11 million in unlawful tariffs. Eaton recently ordered U.S. Customs and Border Protection to begin using its internal processes to refund tariffs not only to Atmus but potentially to all affected importers. The upcoming conference is expected to focus on how the agency can efficiently review roughly 79 million shipments and distribute refunds. Attorneys involved in related cases believe the meeting could lead to a standardized process that allows most businesses to receive reimbursements without extended litigation.Exclusive: US judge to meet parties on Trump-tariff refunds in closed-door ‘settlement conference' | ReutersA federal appeals court has ruled that President Donald Trump has the authority to suspend refugee admissions to the United States, reversing most of a lower court decision that had blocked the policy. The ruling came from a three-judge panel of the U.S. Court of Appeals for the Ninth Circuit. The judges concluded that federal law gives the president broad power to restrict the entry of foreign nationals when he believes it serves national interests. As a result, the panel allowed Trump's halt of the U.S. Refugee Admissions Program to remain in place.The policy was introduced shortly after Trump took office in 2025 and paused the admission of refugees while the administration reviewed whether the program ensured proper assimilation. Refugees, their family members, and several resettlement organizations filed a class action lawsuit challenging the move. A federal judge in Seattle had previously issued injunctions blocking the suspension and related actions. However, the Ninth Circuit determined that most of those rulings exceeded the district court's authority.Writing for the panel, Judge Jay Bybee acknowledged that the decision could have serious real-world consequences for thousands of refugees who had already completed years of vetting and were awaiting resettlement. Despite those concerns, the court emphasized that Congress granted the president sweeping authority over immigration entry decisions. The judges said policy judgments about refugee admissions belong to the executive branch rather than the courts.The panel did leave some portions of the lower court's order in place. It upheld injunctions that prevent the government from cutting services to refugees who have already been admitted to the United States and from terminating certain agreements with refugee support organizations. One judge dissented in part, arguing that the district court's injunctions should have been entirely overturned.Trump can suspend refugee admissions, US appeals court rules | Reuters This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

Our Deborah Kerr Acteurist Spotlight starts strong with two entertaining progressive WWII-era British films, John Baxter's Love on the Dole (1941), a socialist portrayal of working-class life in Manchester during the Great Depression, and Alexander Korda's Perfect Strangers (aka Vacation from Marriage), a sort of comedy of remarriage that envisions a radically new kind of marriage arising out of wartime upheavals in gender roles and middle-class routine. Elise confesses and recants her previous opinion that Deborah Kerr was a solid but slightly boring choice. Time Codes: 0h 00m 25s:       Brief intro – Deborah Kerr 0h 06m 20s:       LOVE ON THE DOLE (1941) [dir. John Baxter] 0h 34m 29s:       PERFECT STRANGERS aka VACATION FROM MARRIAGE (1945) [dir. Alexander Korda] +++ * Listen to our guest episode on The Criterion Project – a discussion of Late Spring * Capsule reviews from John Springer's Forgotten Films to Remember (Citadel Press, 1980) * Marvel at our meticulously ridiculous Complete Viewing Schedule for the 2020s * Intro Song: "Sunday" by Jean Goldkette Orchestra with the Keller Sisters (courtesy of The Internet Archive) * Read Elise's piece on Gangs of New York – "Making America Strange Again" * Check out Dave's Robert Benchley blog – an attempt to annotate and reflect upon as many of the master humorist's 2000+ pieces as he can locate – Benchley Data: A Wayward Annotation Project!  Follow us on Twitter at @therebuggy Write to us at therebuggy@gmail.com We now have a Discord server - just drop us a line if you'd like to join! 

Franklin D Roosevelt is consistently considered one of the United States' best Presidents. Elected four times, he oversaw the end of the Great Depression and victory in the Second World War.But was all of this actually his work? Did FDR solve the depression? And how do both his failure to support an anti-lynching bill and the internment of thousands of US citizens during the war impact his legacy?Don is joined by David Beito, Professor Emeritus at the University of Alabama and author of 'FDR: A New Political Life'.Edited by Aidan Lonergan, produced by Sophie Gee. Senior Producer was Freddy Chick.Sign up to History Hit for hundreds of hours of original documentaries, with a new release every week and ad-free podcasts. Sign up at https://www.historyhit.com/subscribe.  All music from Epidemic Sounds.American History Hit is a History Hit podcast. Hosted on Acast. See acast.com/privacy for more information.

Born in Frankfort, Indiana, on March 9, 1902, Will Geer told the Indianapolis News in 1977 that his first public performance took place on the streets of Indianapolis, where he recited a poem outside the Lockerbie Square home of James Whitcomb Riley. Geer later became widely known for his portrayal of Grandpa Zeb on the 1970s television series The Waltons. But his life extended far beyond television. He helped stage one of the most politically explosive musicals in American history, supported labor organizing during the Great Depression, and used his art as a platform for activism. Geer was also a close friend and collaborator of the legendary folk singer Woody Guthrie. Together they toured the country, performing in union halls and at labor benefits. Geer used his theatrical skills to amplify Guthrie's music and political message. Their collaboration left a lasting imprint. Even after Guthrie's death, Geer continued to preserve and interpret his songs. This week on Cultural Manifesto, we'll celebrate the life and work of Will Geer by exploring his friendship and artistic partnership with Woody Guthrie. Together they toured the country, performing in union halls and at labor benefits. Geer used his theatrical skills to amplify Guthrie's music and political message.

We chat about Operation Epic Fury's latest developments and the Clintons' Epstein testimony. Then, Anders talks to Kim Kelly about her reporting on Trump's unhinged Labor Secretary, the Department's reichslop content and the oft overlooked history of Frances Perkins, who used DOL's authority to dismantle the Great Depression version of ICE. Kim's articles: https://thebaffler.com/latest/a-piece-of-work-kelly https://www.thenation.com/article/economy/sheris-ranch-union-united-brothel-workers/ Subscribe to our bonus feed for extra episodes at Patreon.com/poddamnamerica

Money feels volatile. The headlines feel dramatic. And for many women, investing still feels intimidating. In this powerful conversation, accredited financial counselor and investor Tess Waresmith returns to cut through the noise. She unpacks the truth about market crashes, why the economy and the stock market are not the same thing, and the simple compound interest math that can turn a small monthly contribution into a million-dollar legacy. This episode offers grounded perspective and practical next steps to help you move from fear to financial clarity. If you have any questions about this episode or want to get some of the resources we mentioned, head over to LesleyLogan.co/podcast https://lesleylogan.co/podcast/. If you have any comments or questions about the Be It pod shoot us a message at beit@lesleylogan.co mailto:beit@lesleylogan.co. And as always, if you're enjoying the show please share it with someone who you think would enjoy it as well. It is your continued support that will help us continue to help others. Thank you so much! Never miss another show by subscribing at LesleyLogan.co/subscribe https://lesleylogan.co/podcast/#follow-subscribe-free.In this episode you will learn about:The importance of financial independence for women.How to prepare your finances for an inevitable market crash.The "bucket strategy" for organizing short-term vs. long-term funds.Comparing the 2000 dot-com bubble to today's AI trends.Why learning to invest takes weeks, not a finance degree.Episode References/Links:Wealth With Tess – https://wealthwithtess.com/savvyFree Financial Independence Mini-Course - https://www.moneyconfidentclub.com/3daysfiTess Waresmith Instagram - https://www.instagram.com/wealthwithtess1929: Inside the Greatest Crash in Wall Street History by Andrew Ross Sorkin - https://a.co/d/0h4yDFDvGuest Bio:Tess is an Accredited Financial Counselor® and the founder of Wealth with Tess, a financial education platform and community, that helps millennial women build wealth using simple investing strategies. Her mission is to help women gain agency over their money so they can retire comfortably and have options to live life on their terms. After losing thousands by working with the wrong financial advisor in her early 20s (a fiduciary by the way), Tess rewrote her financial story. She immersed herself in the world of personal finance and wealth building, and by 35, she went from a net worth of $0 to $1 million, all as a single woman. Today, Tess is a sought-after financial expert, featured by Forbes, CNBC and Business Insider. Her free investing workshops have drawn thousands of attendees, and hundreds of women have transformed their financial futures through her straightforward and supportive learning programs. Her approachable, no-jargon investing tips inspire a growing community on Instagram at @wealthwithtess. Whether you're short on time or new to investing, Tess is proof that you don't need Wall Street-level expertise to build wealth, you just need to decide it matters and get some judgement free education. If you enjoyed this episode, make sure and give us a five star rating and leave us a review on iTunes, Podcast Addict, Podchaser or Castbox. https://lovethepodcast.com/BITYSIDEALS! DEALS! DEALS! DEALS! https://onlinepilatesclasses.com/memberships/perks/#equipmentCheck out all our Preferred Vendors & Special Deals from Clair Sparrow, Sensate, Lyfefuel BeeKeeper's Naturals, Sauna Space, HigherDose, AG1 and ToeSox https://onlinepilatesclasses.com/memberships/perks/#equipmentBe in the know with all the workshops at OPC https://workshops.onlinepilatesclasses.com/lp-workshop-waitlistBe It Till You See It Podcast Survey https://pod.lesleylogan.co/be-it-podcasts-surveyBe a part of Lesley's Pilates Mentorship https://lesleylogan.co/elevate/FREE Ditching Busy Webinar https://ditchingbusy.com/Resources:Watch the Be It Till You See It podcast on YouTube! https://www.youtube.com/channel/UCq08HES7xLMvVa3Fy5DR8-gLesley Logan website https://lesleylogan.co/Be It Till You See It Podcast https://lesleylogan.co/podcast/Online Pilates Classes by Lesley Logan https://onlinepilatesclasses.com/Online Pilates Classes by Lesley Logan on YouTube https://www.youtube.com/channel/UCjogqXLnfyhS5VlU4rdzlnQProfitable Pilates https://profitablepilates.com/about/Follow Us on Social Media:Instagram https://www.instagram.com/lesley.logan/The Be It Till You See It Podcast YouTube channel https://www.youtube.com/channel/UCq08HES7xLMvVa3Fy5DR8-gFacebook https://www.facebook.com/llogan.pilatesLinkedIn https://www.linkedin.com/in/lesley-logan/The OPC YouTube Channel https://www.youtube.com/@OnlinePilatesClasses Episode Transcript:Tess Waresmith 0:00  Money is not good, bad, evil. It is just a tool. Are there billionaires that are assholes, of course, but that doesn't mean that money is a bad thing. We should all be working to acquire it, because if we have more flexibility, independence and freedom, we're going to be better for the people around us. We're going to make a better impact.Lesley Logan 0:17  Welcome to the Be It Till You See It podcast where we talk about taking messy action, knowing that perfect is boring. I'm Lesley Logan, Pilates instructor and fitness business coach. I've trained thousands of people around the world and the number one thing I see stopping people from achieving anything is self-doubt. My friends, action brings clarity and it's the antidote to fear. Each week, my guest will bring bold, executable, intrinsic and targeted steps that you can use to put yourself first and Be It Till You See It. It's a practice, not a perfect. Let's get started. Lesley Logan 0:56  All right, Be It babe, we are gonna talk about the financial times. Don't turn this away. I know you wanna go, la, la, la, la, la, when we talk about money, and I think I said that the last time we had the amazing Tess Waresmith on. But I really want, I want you to know that like after talking with her and hearing her voice and hearing her perspective on all the uncertainty when it comes to money, when it comes to the stock market, when it comes to the economy, she always helps me put it all in the most amazing perspective. And I want that for you as well. And I also want you to have all the things that you want to have. And if you're like, oh Les, I'm good, we also talk about that too. We also talk about what like if you are good, why it's so important for you to have this information and to know what to do with it. So, here's Tess Waresmith. Lesley Logan 1:42  All right, Be It babe, I am thrilled to have this guest back, because, to be honest, I just love hearing her speak. I actually there's very few people online that I am like absolutely 100% have to watch everything they post, because I learned so much. I learned so much from her, and I wanted to have her back so we can learn some more, because the financial investment is always uncertain, but it feels more uncertain now than it ever did before. So Tess Waresmith, welcome back. Will you tell everyone who you are and what you rock at?Tess Waresmith 2:08  Thank you. Thank you for having me back. I am an accredited financial counselor, an investor, and I would say more colloquially, I am an advocate for women and people having more money so that they can do what they want, when they want, with who they want, and eventually retire comfortably and have the flexibility, yeah, to do whatever you want with your life. That is my goal. Lesley Logan 2:28  Yeah. Well, I mean, I think we're on the same path in different ways. Like, I don't know money the way you know money, but I'm like, I want women to have, like, I want them to be a priority in their life, so that they have a body that will take them everywhere they want to go. Because, you know, so I and for a lot that may require is like having financial independence and abilities to do things that can care for themselves, they advocate for themselves. And so money does, people can hate it or love it, but it does make the world go round. It is this energy that we need to understand. So, you know, we've had you on the pod before, so you guys, we'll definitely link in the show notes, and you will learn so much. But you know, as we record this, I'll say what when we're recording this, because I think it's helpful. We just got out of the longest shutdown, the crazy times we're recording November, so it's probably come out in 2026 in the beginning. But like, people are scared. I think people are freaking out. Like I coach businesses all the time, and where my predictions are is that the group fitness aspect of things is being affected, because that's the amount of those are the people whose paychecks are being affected, those people whose the cost of groceries going up, it affects their luxury spending, which I don't think fitness should be luxury, but their luxury spending on fitness is changing. And so I'm seeing these changes. Can we talk like, where do you want to start, Tess? Should we talk with, like, what is like is always uncertain, and it just and we're like, we're making it up that it's more uncertain today?Tess Waresmith 3:50  It's a great question. I mean, I want to, like, double tap on one thing you said, where before we even, like, get into this conversation. If, when Lesley said, if money is, like, good or bad? Like, money is a tool. It's not either. And so if you are somebody that's like, oh, I hear this a lot from women, they're like, oh, I don't need to make that much money or, like, I don't want to have too much because it's bad, or I feel greedy. If you're that person, we probably need you to have more money so that you can make a bigger impact, donate to causes you care about. You're probably a good person, if you're thinking about it that way. So I need you to just park that and rewrite a new story that's money is not good, bad, evil. It is just a tool. Are there billionaires that are assholes, of course, but that doesn't mean that money is a bad thing. We should all be working to acquire it, because if we have more flexibility, independence and freedom, we're going to be better for the people around us. We're going to make a better impact. If you're an asshole, you're going to be with money or without. So I just want to, like, start there, because I think, I think that is such a useful excuse to be like, I'm not going to focus on my money. I like, don't need more and just like, the reality is, like, if you're saying that I probably need you to have more. Yeah, know what I mean, because.Tess Waresmith 5:04  You're gonna do better things with it, like, I couldn't agree more. Like, I was listening to a business guy, a coach doing not a business coach. He's like, an actual, like, life coach type of thing. And he was finding how people are like, oh, I'm good. Like, I don't, I don't want to. I feel like if me wanting more is bad when other people have so little. And he's like, right, but you playing small is never going to give them anything. Right? So, like that to your point, like, if you're the, if you're the woman, listen, is going, like, I'm really good. Like, I don't need more. We need you to have more, because you will give it to the right people. You will spend it at the right businesses. You're not the ass hole. So, we need that. Yeah, I agree.Tess Waresmith 5:41  Yeah, yeah. So I've been thinking about that a lot more and more, especially as we roll into this economy where we have so much information and so much access and visual representations of under resourced people, and we're seeing that all the time. So it's easy to feel like, you know, well, I'm doing better than this person, and this isn't something I should focus on. The other thing that people don't realize is, if you learn more of the basics, you get to impact the people around you, and not all of them are doing well, either, like I have some really close friends that I've grown up with that are in much better financial positions, that came from nothing, that grew up in really bad homes and with no money, parents in jail. They're doing better because I am a money nerd, and I force them to talk about this stuff, and so, like, I think that it's just important to remember that this is like a fundamental unfortunately in this country, are the rights to like, food and housing is not guaranteed. We need money for those things. So if you have more than you need, great, give it to somebody that doesn't. So yeah, I could go on and on about that.Lesley Logan 6:44  Yeah, yeah. I know it's like, I think, like, it's really interesting, right? I just saw someone post because, again, we're recordimg in November. Somebody posted like, should you be doing, like, Black Friday, Cyber Monday sales? And as a Pilates business coach, I tell Pilates studios all the time, don't fucking do it. You have a service-based business. You don't have the margins to do the discounts that stores have, so you can't copy what stores are doing, and the big stores put those margins in. So guess what? When it's 40% off, it's because when it was full price, you're paying more than they needed you to pay. They have, it's built in, right? As a small business owner, do I do it? Yes. Why? Because I have a product that I can do it on, I have digital products I can do it on, and I'm only doing it this one time a year. While y'all want to have a discount, that's what people want. So like, I'm like, here's the game. I can acquire new customers with it. I can reward my loyal customers who've been with me a long time with these things. But I don't have to participate in this game. But we are currently, right now, recording in the States, in the United States, where housing and medical care and all these things are not guaranteed. And so you do need to have an awareness of how to make money and how to invest money so you can have those luxuries. So going to who what you're an expert at, and talking about these things like, I think people who have a lack of understanding of how money works and investment works, this is when they start to freak out. You know, like we all know, that as soon as they start to see that these big people are pulling their shares out of this, or pulling their shares of this, all of a sudden people start to freak out and pull their shares, and we become a very predictive death spiral. So what should we know? What should we be paying attention to if we are investing? Should we should we not invest right now? Like, what's the?Tess Waresmith 8:24  Yeah, yeah, all great questions and very real and honest questions. So I appreciate that. So I want to start with the fact that the economy and the stock market are not the same thing. It's easy to feel like they are, because we hear so much about the stock market, it's a super exciting piece of information and news for the media to to constantly bring up. And so a lot of times we see these things like, are we in an AI bubble? Are we going to have a recession? Is the stock market going to collapse? Or the stock market is collapsing when it goes down one day, or crashing or whatever. And so I think it's important to remember that those are two different things. The economy right now. There's a lot of issues in the economy. There's a there's a lot of data. Like, just to, like, nerd out for a second, and I'll make this like, as non jargony as possible. So stay with us. So, so first of all, there's, there's things called leading and lagging indicators in the economy, and leading indicators are typically things that are going to influence what the stock market might do in the future. And then there's lagging indicators that kind of show what the business cycle is doing in the past. And all of this to say is that there's so many factors that influence the stock market, and right now, we're in a place where we are getting bombarded with information that is favorable for the stock market and not favorable for the stock market all at the same time. So let me give you some examples. AI obviously has massive potential. It's driving incredible returns in 2025 so right now, when we're recording this this year, the returns on AI investment in the stock market have been outstanding. And if you are invest, even if you're investing in just something like a US stock market fund that holds a bunch of stocks in the US or some of you might know what the S&P 500 is, which is the top 500 US, largest stocks that are publicly traded if you're investing in the US stock market, you're investing in AI right now, and you've probably benefited from that, whether you know it or not, if you have a 401K or an IRA, let me tell you this, it should be up. Also, if it's not, shoot me a message, please. So that's one piece of the economy. At the same time, consumer sentiment isn't great. Healthcare costs are going up. Things are more expensive. We have not solved our inflation problem. A ton of layoffs are happening. We're adding jobs in some sectors, removing them from others. So it's important to remember that while all of those economic factors are going to influence the stock market, they are not the stock market. They are two different things. So that's the first thing I want to say. The second thing I want to say is that the stock market, I'll be very interested to see what happens when this podcast episode is released, to be honest. Because right now, we are in a place where the stock market has gone up over the last three years, significantly. 2024 '25 phenomenal years. However, we have a very hard time predicting what's going to happen in the stock market and how long the stock market will continue to go up before it eventually comes down. I'm telling you right now, it will for sure come down at some point to a lower place than we are at now. The stock market never goes up indefinitely. And so for those of you that are really nervous about investing, you're hearing, hearing and seeing all this news that we're like, we're in a bubble. There's going to be a stock market crash, doom and gloom, like maybe zombies or solar flares, like whatever dramatic things they can add to this conversation about investing, it's important to remember that the stock market actually goes in cycles. So it goes up pretty regularly, it hits a peak, it contracts, and then it hits a floor. And that cycle happens over and over and over again. And so we all get really surprised when we start focusing on our money and paying attention to investing, or even just start to get a little bit more nervous about retirement if we're in our 40s, and we're approaching that and we're realizing, oh, we should have paid more attention to this. All of a sudden, when we start to see this news, we go, oh my gosh, like the stock market's going to crash. The stock market has crashed a lot over the last 100 years. We see a correction and a correction is when the stock market comes down by roughly 10% the word correction comes from the prices of stocks actually like coming down being corrected. So we see that like every three to four years, it's very, very common. So one of the things that I can tell you and your listeners is that we should not be worried about a crash. We should expect one. It's part of the price of entry. If you want to build wealth, just like if you become a business owner, you learn a lot about yourself. It's a crash course in personal development. You have, like, ugly cry days, and then your best revenue day, like, three months later. And then everything you build crashes like and over and over. You're in this cycle of building, three steps forward, two steps back. That's business, right? Stock market's going to be the same thing. So what I highly suggest is, whenever you see news, if there's any kind of emotional or sensational twinge to it, that is your one, that should be a signal to you that that's probably clickbait. Yes, first of all, the news wants to write stock market crash, because you're going to click on that, because you're going to be like, Oh God, that sounds scary. So what I love to do, as an accredited financial counselor and an investor, and I will share a lot more about this through Instagram and upcoming YouTube videos, is that we need to understand that the stock market goes in cycles, and this is expected, and the more we can learn and understand the history of that, it's going to make us more confident in how we're investing. And so I'll give you an example for any of our listeners that are lived in 2008 right? The 2008 financial crisis. If you don't know, the stock market dropped like 50% it was abysmal, super bad. People lost a lot. But when people say they lost everything, they didn't lose their money in the stock market, if they didn't sell what they were invested in, if they were invested in 2008 when the stock market crashed and they waited five years, their money would have returned to the same amount it was at, and then over the next 10 years, would have ended up growing significantly and tripling in value like crazy. So the point of all this is there's two things we need to understand. The economy and the stock market are not the same thing. It's going to go in cycles. And if we're investing for the long term, we have 10, 20, 30 years to weather these cycles. It's going to happen. The more we can educate ourselves, the more we can stay calm during these moments.Lesley Logan 15:13  Okay, first of all, you just somehow always know how to, like, calm me down and make me, like, not nervous. Like, I feel like the I'm like, okay, great. So I'll just give I'll just find some more money to put in there. But also, like, I feel, I'm not gonna lie, I feel like I've never heard someone explain that the economy and the stock market are not the same thing. Like, I'm sure you've said it to me and I like, but there I'm hearing it for the first time, and it's like, well, that explains why, when the stock market was great and the economy, people were like, people aren't feeling the economy was great, and so people are confusing the two. And also I want to highlight that I do remember 2008 I actually became a very successful Pilates instructor during the time that people were canceling cable because I was selling something people wanted to invest like they wanted to invest in themselves. They wanted to take some time. They wanted they were thinking how they're putting their dollars. And so it doesn't they don't always had to be bad when they do figure itself out, and you are right, if people are in it for the long haul, then you're going to weather this. And I think it's hard, because the only people who talk about money around us are typically uncles and granddads and like other men, and they make it sound negative all the time, and we aren't always educated in what that looks like. And so then it's like, oh, it's really bad. But we have, there's a lot of cycles in life that we get more confident in, don't we remember? Like, we all remember our first time we got our female cycle. That was really scary, that was a lot. Then there was years of figuring it out, and then you become an adult, and sometimes you're still surprised it comes. Tess Waresmith 16:38  Tha't ssuch a good comparison.Lesley Logan 16:38  Like, it's right, yeah, but we have, like, it's this thing, and like, we have to dread it, and then it comes, and then all of a sudden, we got all the good hormones because it came, and then it's like, this great time. And so it's like, we live in cycles all the time, and if we know when to like you, the one difference is that, unfortunately, the stock market isn't on a 20-day day or 32-day cycle, I mean if it's good, but we don't know when it's going to happen. We know it is going to happen. So I love the way that you addressed that you say that it's like, okay, so then what's the attitude we want to have when it comes? How? What are we what? What is? What are some things that we can, like, plan for when that happens, so that we can not listen to the noise and the clickbait and be in fear and instead make proactive decisions? And so I guess my question is to you, like, when the stock market crashes, what is your process?Tess Waresmith 17:27  Yeah, yeah. So a lot of it is about preparation. And again, the first the acknowledgement, like we talked about, that's going to happen, knowing that we can say, okay, what do we want our finances to look like, to weather this storm, and there's some very specific things we can do to get ahead of this. So the first thing I would say is that if you are investing in the stock market, that should be money that you don't need, I'm going to say, depending on your risk tolerance the next three to five years. So now might be a good time, because there is so much uncertainty, politically, socially, financially, economically, like, yeah, it's a crazy time. I mean, it's always kind of a crazy time. I think now with social media, we probably get bombarded with it more than we used to. But I will say that, like that is an important thing to remember. Is, like, one of the things I love to tell people, people ask me what they should do with their money, and I always flip that around, and I want to say, what do you want your money to do for you? So let's say a crash is coming. What we want is to make sure we have enough money in the interim while the market is being crappy. So that means having maybe a little bit more of a buffer in savings, maybe adding to your high yield savings account. In the same breath, the money that you're investing in a retirement account like an IRA or a 401(K), you have to remember you're probably not going to touch that money for another 10, 20, 30 years, depending how old you are listening to this, those accounts don't even let you withdraw until you're 59 and a half without penalty, with the exception of Roth contributions, which are have already been taxed. We can come back to that if you have questions on that. But essentially, for the most part, just to like, simplify this, your retirement accounts are meant to be for retirement. So if you have money invested in those accounts, and we have a stock market crash in 2026 it doesn't actually affect your day to day life at all, because you're not going to be using that money in the next immediate future. And even if, even if you are retiring next year, that sucks. It's, it's a bummer, right? That sucks if that happens, and I really hope it doesn't happen to any of you. But even that said, in your first year of retirement, are you going to drain your entire 401(K) and IRA to live? Probably not. You're going to take a portion of that. And if you are prepared, you already have your next few years expenses. Right in savings. So one of the big misses, and like very simple financial organization, is thinking about your money in buckets. What do you need in the short term? What do you need in the long term? And then there's like a little bit of a middle gray area, like maybe you want to buy a house in five to 10 years. Should you invest that money in, like a flexible investing account, like a regular brokerage account? Maybe. It depends on your risk tolerance. You know that likelihood of the stock market being up after five years is roughly 90% based on historical data, so pretty good odds. Is it guaranteed? No. So I think that that's the way we've got to think about it is like, what's the intention for our money? And I'll tell you right now. Lesley, like I for sure, have more money in cash right now. I have a couple of rental properties. I need to make sure I can cover those expenses. The other reason I have that is I so I don't do any dumb shit and take my money out of my investing accounts, because I don't need it. Because even as somebody that is very well educated on the economy, on the stock market, an accredited financial counselor. These things are always going to still be emotional and psychological. So that's the first thing is, like, make sure you have some savings. The second piece of this is understand how your money is invested in the first place, and so learning the basics of investing and making sure that you are investing in a bunch of different stocks and different geographies is really, really valuable. It's called diversification, aka putting your eggs in different baskets. And you can learn about this in hours, making sure that your money is not just all invested in Nvidia or Meta if you're picking one stock, putting all your money in it, I think that's a terrible investing strategy. You could become really wealthy, or you could lose a lot. That's actually Lesley, how you lose everything is when you put all your eggs in one basket. So the other important thing to remember is when we diversify appropriately and invest in US stocks and international stocks. The whole point of that is to create a portfolio that can weather these dramatic downturns. So I think it's like two things. It's like making sure we have our money in the right places to weather the storm, and then our money is invested, understanding how that's diversified across different stuff, so that when one sector collapses, or if there is an AI bubble, not all your money is in AI, so you have different stuff. And thankfully, there's easy ways to do that.Lesley Logan 22:30  Yeah, I think, I think that these are all good reminders. And I also love that, like, the vulnerability of like, yes, even you an expert, there's emotions, because with social media, there's these crazy titles on things that are meant to get you riled up and freaking out, and then you do something stupid when, if you were sane and rational, you would go, hold on. Wait a minute. What? So we're recording this in November, and I said to Brad (inaudible) at the gym, I said, oh, that Peter Thiel guy, like dropped all of his stock, and Tesla and a bit, and Nvidia what is that? And he and I, and I was like, do you think he's like, trying to fuck with things, like, right (inaudible) he's not getting enough attention. But at any rate, like, Brad goes, oh, well that. I hope people don't read too much into that, because that could really scare some people to do some stupid stuff. And it's like you start to realize, like, oh, like, when you could just get yourself away from the title and get yourself away from some things, you can go start to see as a bigger picture. You take a deep breath and you can do these things. I do. I do think that a lot of people, even you know, just in the way that I coach people in their Pilates business, I see them doing drastic changes because they're they're reacting, as opposed to giving themselves a runway that allows them to take a deep breath and figure out, like, what's the next best thing to do.Tess Waresmith 23:44  Yeah, such a good example that Brad brought up. I saw that exact article, and actually three people messaged me about that, which is so funny that you bring that up. I have another great example of this. And there was an author, Andrew Sorkin, who wrote a book on the dot-com bubble when the internet started, and there were all these internet companies popping up all over the place. And then, of course, there was a stock market crash right after that, because there are all these companies that weren't set up for success in the long term in the era of the internet. And so he was drawing some similarities, and all these news publications said, author of dot-com bubble book says we're in the same situation that we were in in 2000 and that's not really exactly what he said. He said there were some similarities, but I can tell you about some differences. So first of all, in the dot-com bubble, the Internet was new, there weren't companies that were huge and integrated into this new technology in the way we are now, and so some of the biggest investment in AI is Meta, Google, like Microsoft, these companies that are so big and so profitable and so established, even if AI just like stopped being a thing tomorrow, they're not going anywhere. So it's a totally different economic business landscape than it was in 2000. Sure, there are some similarities. There was internet hype. Now there's AI hype. Yeah, you could draw them, but a lot of the AI investment is in these mega companies that are so well-resourced that it's very unlikely that we'll see, like an entire bubble and all these there will, for sure, be AI companies that don't do well, but it's a totally different situation in a lot of ways. So that's a good example of, like, how things can be skewed to scare people.Lesley Logan 25:36  Yeah, and I think I love you brought that up because I remember one of the one of my old business coaches, he had mentioned something was probably, it was a podcast, probably during the pandemic when we were all kind of worried. But it might have been a little after, to be honest. So I'm not going to get the dates correct on this, but he mentioned, you know, people are worried about a recession right now. And let me, let me, it must have been two years into the pandemic, because I'm now thinking, remember, I was driving to Vegas, but he said, let's just look at what the recession was in 2008 and when we knew we're in a recession, and actually how quickly we actually started to get out of it. And so, like, the, it's about the and you can correct me if I'm wrong, Tess, but it's like, you have two quarters in a row where things are declining, and then it's like, okay, the economy is retracting, and this is going on. By the time we were actually going up, it had been like another quarter was a little bit but like, things started to turn around. Now, it took a long time for people to feel that turning around, of course, he said. But the other thing we have to know is today, people's incomes are a bit more diversified as well. Not everyone is working for the same big companies. A lot of people have their own businesses. We have people who have a bit more ability to, Oh, this isn't making any money over here. I can make money over here. Not to say that we are, we all can't be hurt by this. But something that I remind myself of is like I am at the time of of 2008 I was only teaching people private one on one sessions in-person today where I'm at I have in-person stuff. I've got retreat stuff. I've got this online thing over here. Now can things retract? Absolutely, but one of those things might actually be more in demand, and I can lean more over there. And so I do think that we can take some emotions out of it and start to go we are all in a different place than we were, because we've learned from different things, and maybe we have to just start to keep in mind, like, what the people writing the headlines want us to do, which is react and have emotion because they because they have to sell ads so they can stay alive. Tess Waresmith 27:34  Yeah, totally. It's, that is a fantastic point and really important to remember, especially for business owners. And then the other thing I would say is, like controlling what we can control, like you just gave us a great example of what we can control. We can control our businesses. We can create new streams of revenue. You know, I love this quote that's like, there's never a lack of resources, only a lack of resource for people like the amount of like free information on the internet that you can find to help you create stuff, make money. It's out there. The other thing we can control is making sure that during these times we're not going into debt. So just making sure you're not spending more than you make that is a super simple tip to survive any kind of recession or stock market crash. And then the other thing I'll say is to look at it as, and this is harder, because it's counterintuitive, but as a massive opportunity. There are a lot of people that became very wealthy after 2008 because they saw the stock market crash and they went, Well, shit, this whole thing is on sale. I am going to invest as much as I possibly can, and as the market recovered, they saw phenomenal returns over the next five years or so. So that's another reason why this education and conversations like this are so valuable, is because, yes, it happens, yes it sucks, it doesn't feel good, but it's also a massive opportunity, if we understand that this goes in cycles, so just another, another way to frame it that's hopefully a little helpful.Lesley Logan 29:05  Yeah, I know that's like, I mean, that's the thing that I don't think enough people understand, because no one talks about it, right? No one talks about, like, after the Great Depression, who got really, really rich from that, and how they did it. No one talks about how after the dot-com even then there was, like, there was different people do benefit, and we do swing back up. And I think we tend to, maybe it's because of how our brains are wired. We look at, we look for the negative, and then we we live in fear, and then we do things based off fear, as opposed to, like, getting on top of the mountain and having a bigger perspective and understanding, like, what is going on and what, what, you said it the best, what can we control? And we can't control. I we can't we cannot control the stock market, unfortunately. We don't have that power yet, maybe, but we can control, like, how we prepare ourselves. And I think that's really, I think that's really key. So you talked about the different buckets you talked about, so preparing ourselves. As it would be as just to reiterate it, just make sure I heard them all, you know, not spending more than we have, so easy, making sure we have a bit more cash on hand, not just to weather any storms, but also sounds like so we can, like, take part of the garage sale that's gonna happen and then diversifying what we are invested in, so it's not all in one area and things like that. I guess I would also say, like, what would your wish be for every woman listening about their level of educating themselves on investments and money? Like, is this something they have to do weekly, daily? Can they do a crash course? Like, how much should they be thinking about this? Because I'm sure they're also thinking, okay, guys, on top of this, I have to think, you know, because, there is a lot going on. There's there's the worry that they have about the people down the street who aren't making enough. There's the the political stuff that's going on. There's a lot that they have to educate themselves on. Like, how much should they be thinking about this?Tess Waresmith 30:52  Yeah, it's such a great question. I'm gonna say it's less than you think once you get a basic education. So I would say the level of information that you should have about investing and the stock market and retirement accounts is roughly the same as getting your driver's license and learning the rules of the road and how to stop at stoplights, please, hopefully you're doing that, and how to put gas in your car, right? Like, like basics, right? Like, when you learn to drive, at first it was hard. You had to practice a little bit, but then you have it, and it's not going anywhere. That is the level of understanding that you have to have about finances in the stock market. So some things you should know are all the things we talk about, your personal cash flow, how money comes in and out of your life, what accounts you can use to build wealth. There's accounts that help you save on taxes, like 401(K)s and IRAs and ones that are just flexible regular accounts, both are great for different reasons. And then you should also know the basics of how to choose investments inside those accounts. And the type of investments that I think everyone should understand the basics of are not the kind of things that you have to go in and tweak every single week. In fact, the best type of investing is investing in funds that hold hundreds or thousands of stocks so these are usually index funds or index ETFs, exchange traded funds. This is just jargon for investments that hold a bunch of different stocks at once. And if you can learn that, and you can learn how to select ones that represent the market, the average return of the market over time is roughly 10% so even if you invest in the most simple way, and you just buy a fund that holds all the stocks that are publicly traded, you could, based on historical data, get the average return of the market at 10% that is like the minimum. That's what you have to learn. And that takes, like, weeks, not months, years, not a finance PhD. It takes you deciding that this matters and deciding that you want to retire comfortably, you want to have the flexibility to pivot, start a new business, do whatever you want, travel to Bali, Cambodia, whatever, like, that's why this matters. It's investing doesn't matter because of investing. It matters because of all those other awesome things you get to do with your life. So I would say, if you dedicated, like, and don't tell me you don't have enough time because you do like, like, half an hour on a Saturday morning, if you like, pick something and you watch some YouTube videos on it, it could change your life in like two or three months. So that's like, high level. I think people think it's going to be way harder than it actually is to learn the basics. And then once you've set up your system where you have money coming in from your business or job, some of that money might go to debt. Some of it goes to your savings some of it goes to your investing accounts. Guess what? All of that can be automated. You can just have an automatic transfer to your Roth IRA that goes directly into a simple fund that holds a bunch of stocks. You can automatically pay off your debt. You can automatically add a little bit more to your high yield savings accounts. Once you set up that system, the maintenance is negligible. There are accounts that I have not touched in over a year, and they're doing fine. Is there a point, at some point when you build more wealth that you might want to talk to somebody get some strategy for sure, of course, but if you understand the basics of what I just explained, which, again, takes weeks, not months, hours, not years. Once you learn the basics, then what you can do is find the right kind of help that's not going to screw you over with a bunch of hidden fees. You understand how the system works, so you can get help that's effective and not hemorrhaging money from your investing accounts, which is a very common problem I see all the time. So that's what I would say. I would say it's less hard than you think, reading two books and taking a course, setting aside time to watch some YouTube videos like being diligent in that way can honestly change your life so much faster than you think. The hardest part is deciding that this matters and then making a commitment to learn. That's the hardest part, actually, learning, it's not that hard.Lesley Logan 35:03  Oh, I love that so much. Okay, something that you do that I want to highlight real quick before, I mean, we could talk forever, but you are aunt. I'm an aunt. You do something epic for your niece, correct? Tess Waresmith 35:13  Yes. Lesley Logan 35:14  Can we, like, should we? Can we talk a little about, like, setting things up for, like, the shares? Tess Waresmith 35:19  Sure. Yeah, yeah. So one of the great math I'm going to say the best mathematical equation on the planet is compound interest, right? So that's why we're investing, because we invest a little bit, it grows and then we get that same return on that money, and then it just continues to grow and grow, right? That's the snowball effect of investing. That's why we're doing it. So if you start investing when somebody's young, or investing for a kid when they're young, the amount of money it takes to completely change their life is so much smaller than you think. So my niece was born this year, so she's zero. I'm not a parent. That's how you know I'm not a parent. I just said zero. Lesley Logan 36:04  It's all right, you didn't say it. So that's good. But yes, I know it's true. And then they talk in months for a long time, and I'm like, you know, we got to get to a year, and then I would be great. Tess Waresmith 36:14  Yeah. So let's say I already told you the average return of the stock market is 10% if I invest for my niece, little little Frida, not it. Little Frida like 100 bucks a month until she's 18, she will have roughly $54,000 given the average return of the stock market. Nothing like crazy, just the average return of the stock market. So that's pretty good, right? But what we don't remember is what happens after that, like, if she just leaves that account alone. So let's say I contribute $100 until she's 18 into an account. It could be a tax advantaged account. There are education accounts, but let's just say it's like a regular investing account, and I contribute that amount, and she's got $54,000 by the time she's 18. What I'm going to tell little Frida is girl just like, leave it there, make your own money, do whatever you want and leave it there for 30 years. Because if you do that, she's going to have roughly a million dollars in 30 years. And I contributed roughly, I don't know, whatever 100 like, month for. Lesley Logan 37:21  I would just say about $18,000 but maybe a little more, because it's 12, there's 12 months in a year. Tess Waresmith 37:24  Yeah, yeah, not a lot. The whole point is not a lot. Lesley Logan 37:27  Yeah, yeah.Tess Waresmith 37:28  So that's like, that's insane to imagine, right? $100 for 18, $100 a month for 18 years, and then it just sits that $54,000 just sits for 30 years. Lesley Logan 37:39  No added money. Tess Waresmith 37:40  She's, no added money. She's a guaranteed millionaire. I don't even have to support her in retirement. I already did. So so like that is, that is the power of compound interest. And I will say also, I'm glad she brought that up, because if you need a motivator to learn this, and you're a parent or you have nieces, this has to be your motivator. Because even if you're not in a place where you can invest $100 a month for your kid. No shame in that. What is so much more valuable than doing what I just told you is learning the basics for yourself, learning how to put on your own mask first, before assisting others so that you can teach your own little Frida the basics of what I just taught you, because if they learn how to do it, and they're contributing 50 bucks a month, 100 bucks a month, they're also going to be a millionaire in retirement. Tess Waresmith 38:03  Yeah, yeah. Love you so much. Okay, we're going to take a brief break and then find out how people can work with you, because I'm sure that's where they're at. They're like, I don't need a random YouTube person. I need you. Tess Waresmith 38:18  Sounds good. Lesley Logan 38:18  All right, Tess, where do you hang out? Where can they stalk you in the best way? Because you're gonna teach them all the ways and where and do you have courses? Do you have anything that they can work with you on? Tess Waresmith 38:48  Yes, absolutely. So I hang out on Instagram a lot @wealthwithtess is my Instagram handle, so follow me there. I also think if this conversation was helpful, I highly recommend that you grab my free investing guide. It has a ton of information of what we just talked about today, and it's going to help you, step by step, start thinking through this process of how to organize your money and start investing. And there's some great examples in there. So that is free, and that's at wealthwithtess.com/savvy S-A-V-V-Y wealthwithtess.com/savvy there's a free investing guide there. Honestly, I'd start there. That's a great place to get information. And then I'm always offering free workshops and opportunities to learn, and I share those so once you download that, you'll get on my email list. And I share information weekly and try to help you stay calm during the AI bubble madness that we're in. Lesley Logan 39:39  I feel so calm, you're like a cortisol little like control objection. You you know the drill. We have the bold, executable, intrinsic, targeted steps people can take to Be It Till They See It. What do you have to add to the amazing advice you've already given us?Tess Waresmith 39:53  I might have said this last time, but I'm gonna say it again. No one cares about your money more than you do. They just don't. So if you care about your money. What you're going to do after this is you're going to go into the show notes, download that free guide and spend 20 minutes reading it, and you're then you're going to pick a next step. That's what you got to do. You got to take action. You can't just listen to people talk about money. You got to do something with what you're learning. Lesley Logan 40:13  Yeah, I love that so much, because I do think people like, okay, check, thought about my money, right? And also like, then take an action that goes along with it. You're epic. I love you so much. I can't wait. We'll have to just make this, like, figure out a way to, like, an annual wealth with Tess, tell us how we're doing. Tell us what's up. You guys, what are you going to do with these tips in your life? Wealth with Tess, wants to know. I want to know so and also share this with all your friends. Because I actually do think when the biggest, this is a little tangent side story, but years ago, when I lived in LA those was so many emails were hacked, and what a lot of female actresses learned is they're making very little money compared to their male counterparts. And one of the things that came out of that is, well, women don't talk about how much they make enough. They don't talk about money enough. And I do think that if our friendships could go deeper into those ways. And it's not a flashy thing. It's an actual thing that allows us to educate ourselves of how much we can make in different areas. There would be less of a wealth gap. There would be more information, because we just don't know how much people are making at different places. And so make this be the start of the conversation about money with your friends, so you can have deeper, wealthier relationships. And until next time, Be It Till You See It. Lesley Logan 41:22  That's all I got for this episode of the Be It Till You See It Podcast. One thing that would help both myself and future listeners is for you to rate the show and leave a review and follow or subscribe for free wherever you listen to your podcast. Also, make sure to introduce yourself over at the Be It Pod on Instagram. I would love to know more about you. Share this episode with whoever you think needs to hear it. Help us and others Be It Till You See It. Have an awesome day. Be It Till You See It is a production of The Bloom Podcast Network. If you want to leave us a message or a question that we might read on another episode, you can text us at +1-310-905-5534 or send a DM on Instagram @BeItPod.Brad Crowell 42:05  It's written, filmed, and recorded by your host, Lesley Logan, and me, Brad Crowell.Lesley Logan 42:10  It is transcribed, produced and edited by the epic team at Disenyo.co.Brad Crowell 42:14  Our theme music is by Ali at Apex Production Music and our branding by designer and artist, Gianfranco Cioffi.Lesley Logan 42:21  Special thanks to Melissa Solomon for creating our visuals.Brad Crowell 42:24  Also to Angelina Herico for adding all of our content to our website. And finally to Meridith Root for keeping us all on point and on time.Support this podcast at — https://redcircle.com/be-it-till-you-see-it/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Much of your technology - your phone, your kid’s ipad, your electric car… wouldn’t function without computer chips. They’re basically tiny pieces of silicon semiconductor wafers that drive our tech-focused economy. And their supply chain is highly centralized. Most chips come from just one country, Taiwan. And Taiwan is in a very delicate geopolitical position. China has claimed sovereignty over the island democracy since the founding of the PRC, in 1949. If China ever decided to exert its claims using military force – that could put chip production in danger. Potentially leading to the largest economic downfall since the Great Depression. According to documents obtained by the New York Times, it’s an issue tech companies here in the US have known about for years, and have largely tried to ignore. Guest: Tripp Mickle, Silicon Valley reporter for the New York Times Related stories: The Looming Taiwan Chip Disaster That Silicon Valley Has Long Ignored - NYT Nvidia’s Quarterly Profit Hits $43 Billion on Strong A.I. Chip Sales - NYT Thank you to the supporters of KUOW, you help make this show possible! If you want to help out, go to kuow.org/donate/soundsidenotes Soundside is a production of KUOW in Seattle, a proud member of the NPR Network.See omnystudio.com/listener for privacy information.

Before ICE raids, there were pamphlets warning Americans about immigrant "peasants" stealing their jobs and "hell ships" dumping people into the Mexican desert with no food, water, or way to reach their families. Sharon looks back at the parallels between the mass deportations of the past and what's happening now.  Plus, historian and author Ana Raquel Minian joins Sharon to discuss her book In the Shadow of Liberty and the cruelty of immigrant detention in the United States. She explains why brutality was the point.  And be sure to read our newsletter at ThePreamble.com – it's free! Join hundreds of thousands of readers who still believe understanding is an act of hope. Credits: Host and Executive Producer: Sharon McMahon Supervising Producer: Melanie Buck Parks Audio Producer: Craig Thompson (00:00:00) The Long History of Demonizing Immigrants (00:13:03) Ellis Island Was a Prison (00:27:48) Mass Incarceration of Immigrants  To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Keith breaks down where the U.S. housing market appears to be headed and which regions and states are quietly winning or losing in the population shuffle since 2020—and what that could mean for real estate investors.  You'll also hear about an intriguing cash-flow play in single-family rentals in select Southern markets. Then, Keith is joined by financial strategist and comedian Garrett Gunderson, who challenges the usual "scrimp and save" advice. Together, they explore how to build real wealth without sacrificing your life today, how high-net-worth individuals often get money wrong, and a different way to think about financial independence, freedom, and investing in yourself. Resources: Get Garrett Gunderson's Killing Sacred Cows audiobook free: DM @GarrettBGunderson on Instagram with the words "Keith Cows." Episode Page: GetRichEducation.com/595 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  1-937-795-8989 to speak with a freedom coach Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Keith, welcome to GRE. I'm your host. Keith Weinhold, is the future direction of the housing market trending up or trending down? Which states have seen the most population growth? Then powerful wealth mindset tactics with a financial comedian today on get rich education   Speaker 1  0:20   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 and 188 world nations. He has a list show guests and keep 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   Keith Weinhold  1:04   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President chailey Ridge personally. While it's on your mind, start at Ridge lending group.com that's Ridge lending group.com   Speaker 2  1:38   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  1:54   Welcome to GRE from Mount Rainier to Mount Rushmore and across 188 nations worldwide. I'm Keith Weinhold, and this is get rich education. I am not a Lambo driving influencer that will take any brand deal just to shill a gambling platform instead. Our core strategy at GRE is aging. Well, I've spoken with a lot of LP investors with capital calls and deals that lost all their money. Well, we approach wealth building with discipline and consistency. It doesn't sound dazzling, but it really shines when things go wrong elsewhere, because at least for the core of our portfolios, we get long term fixed rate debt for income property get paid five ways and win the inflation triple crown, and we do it all with a high degree of passivity. Right before I took the mic today, I got a two sentence email from a property manager that said an air conditioning unit's air handler board had to be replaced for $420 I don't even know what an air handler board really is. Now, the manager sent some photos in a written estimate. I quickly checked chat GPT, and I saw that the price was about right, and replied to my manager to go ahead and have that done. That's it an example of relative passivity. US residential real estate has nominally appreciated over every single 10 year period in modern history, despite some occasional short term downturns, even those are not common. Well, we recently had a guest mention that it's 20 years at the longest like 20 years or less is the period of time between which real estate never goes down. He was right. But you actually can't find any 10 year period where home values fell. What about the 2008 global financial crisis, I think that's the first place that the mind goes. Well back then, home values bottomed out at 208k in 2009 before they started growing again. And 10 years before that, the median price it was 157k in 1999 so even when home values hit their GFC low at that point, they were still up 32% from the previous 10 years. So you can confidently say then that over any 10 year period, home prices are up nationally. Now, how about the future? Well, for the future, there is more evidence of rising home prices. Building permits for new homes have fallen to their lowest level since 2019 that's according to the census bureau. So fewer single family homes are being built. Now we plan to discuss that more on. Next week show when we dive deep on does America really have a housing shortage? But this week, more reasons for future home price bullishness is that the labor market now, it's not doing that great. It sure isn't white hot, but unemployment, which was already low, that recently dropped a touch lower to just 4.3% inflation has fallen to 2.4% and wages are rising faster than that. In fact, our own Fed Chair recently remarked at how he's surprised at the strength of the economy. The property market analytics firm kotality, they now expect home prices to appreciate another four and a half percent this year. They and other firms continue to believe that the Midwest will be the hottest area of home price growth even more than that four and a half percent in that region. That is because not only is the Midwest underbuilt, it's that the prices are so affordable that it's attracting young people. The other factor is that mortgage rates recently dipped just below six into the high fives again, and that can release this pent up housing demand, and think about where we've come from. In late 2023 mortgage rates were about 8% and now lower mortgage rates also reduce the lock in effect, so it can create both more sellers and more buyers. The thing to remember is that 70% to 80% of home sellers are also home buyers because they've got to live somewhere. And first time homebuyers, of course, they buy only, they don't sell anything. In fact, former GRE guest in housing wire lead analyst Logan modeshami and Barry Habib were just positing on this at housing wire's latest summit on how the volume of home sales has been depressed for so long that lower rates could very well trigger a rush of buyers, these kind of people that have been delaying purchasing for years, this pent up housing demand being released if indeed rates go lower. People think they know the future, but we don't really know that that's going to happen for sure. But a lot of optimism about this phase of the housing market supported by not great, but decent economic conditions. Of course, that new housing demand is going to manifest unevenly across the nation. So let's talk about the places that have seen the most population growth from 2020 to today, basically the states that support that housing demand. Well, between 2020 and today, the US has grown by about 10 million people. That's over 3% nearly every state grew. But the bigger story is where that growth is happening. And really, here's the jaw dropper as a region, the South, gained more people than all of the other regions combined, about 7.6 million new residents in the south since 2020 the South's population is up 6% the West's almost 2% the Midwest population is up more than 1% and The Northeast up seven tenths of 1% again, this is not per year. This is total population growth from 2020 to today, Florida and Texas, they led the nation among the big states, both up almost 9% sprinting like they just found out that income tax is optional. The Carolinas in Tennessee are big southern growers too. People clearly keep moving toward warmer weather, a lower cost of living, lower taxes and job markets. Nothing new there. California in New York are the biggest losers in absolute numbers, California losing half of 1% of population in New York, a full 1% people keep moving away from these traditionally expensive, high tax coastal states like a buffet when the crab legs run out, people just getting up and leaving. That's not any sort of news story there, either. These trends help cash flow residential real estate investors like us, because the south aligns with that favorable landlord tenant law and those high ratios of rent income to purchase price. Luckily for us, that's where people are moving too. The Midwest has those phenomena as well, although their growth has been slower.    Keith Weinhold  9:39   Now a few Midwest highlights for you. Since 2020 the population of Indiana is up 2.8% quietly benefiting from Illinois. Escape Velocity, Missouri up almost 2% and that's growing mostly in Kansas City and St Louis suburbs. Ohio at almost 1% that's pretty modest growth overall, but Columbus up 5% that is flexing like it just landed a semiconductor plant there in Columbus, the intermountain west has bicep bulging growth, but it rarely works for us, because rents are only a little higher, but property prices are way higher. Yes, those pretty Rocky Mountain states, great Instagram, tough cash flow now Louisiana, it is a state that confounds people. It's a warm place, and it has a low cost of living, you would think Louisiana would be attracting people in droves for those reasons. Well, then why is its population following Louisiana down nine tenths of 1% since 2020 Well, you've got bleak job prospects that make Louisianans leave its tax competitiveness ranks 31st property insurance costs are high thanks to environmental risk. Louisiana has more swamps than beaches. Even the NFL saints were six and 11, and if they had made the playoffs, that wouldn't have made people move back. And hey, no personal shade here, I enjoy going to the New Orleans investment conference in Cajun culture, in Airboat Tours through the alligator filled Bayou, fun stuff, but for income producing property, you got to seek out different characteristics than just vacation Glee or how Good the gumbo tastes keep emotion separate from investing, Hawaii is America's biggest percentage loser. Its population is down one and a half percent since 2020 its cost of living is stratospherically high, with a median home value of just a little over a million dollars. That results in net outmigration to the mainland parts of the Aloha state now experience natural decrease. That means that deaths exceed births. Natural decrease. That's mostly a phenomenon on the Big Island. That's not where Honolulu is. That's where you have Kona and Hilo when young people can't afford to stay demographic gravity kicks in population loss. Hawaii is also highly dependent on tourism, meaning more volatility in recessions. It has contractor availability issues and higher repair costs, partly due to shipping materials to the remote islands. What about the upsides of Hawaiian real estate? Well, you're just going to have this inherent, strong, long term land scarcity and lifestyle desirability overall. Hawaii isn't bad. It's just hard. And I like Hawaii as a place to vacation, so the best times in my life were in Hawaii. Now, with all this said, These are broad generalities about states which are big places themselves right now. There are certainly Missouri real estate investors listening to me that are actually losing, and Hawaii real estate investors that are winning, and even cash flow positive. I'm talking general trends here, and this is with respect to long term rentals, not short term rentals. If your rent to price ratio is as low as point three or point four, like it often is near the coasts, well then you are speculating on appreciation. That's what that means. All 50 states have opportunity. All 50 states have no go zones. People keep moving south. That's a trend that the pandemic accelerated six years ago. More opportunity is concentrated there. That's got nothing to do with vacation excitement. That is population math, and I'm talking about swimming with the tide here in our Don't quit your Daydream newsletter I recently sent you that colorful population change map that I was describing some of there. More recently, I also emailed you that great and rare map of landlord friendly versus tenant friendly states mapped out and a lot of other great stuff.    Keith Weinhold  14:17   Before we bring in our firebrand guest, Garrett Gunderson, I just learned about a really strong opportunity for a provider of single family rentals and duplexes in Memphis and Little Rock. They're providing a locked in 5% interest rate and 5% property management for five years. Yeah, that's not a throwback to 2020 it's what mid south homebuyers calls their triple five program. They are the oldest and most trusted, maybe turnkey investment provider in the country, operating since 2002 and what they do is they offer these fully renovated, occupied rental properties in Memphis and Little Rock, two of the strongest cash flow markets in the South. With financing and management and rates that make the math work like it hasn't in years. So again, 5% interest, 5% property management fees for a full five years. You know those markets, they already had these investor advantage numbers with rent to price ratios mere point eight in Memphis and Little Rock. But yeah, that low 5% mortgage rate, even for renovated properties, not just new build. That's the kind of spread that turns a good deal into a great one. So to give you an idea, if you get a 30 year fixed rate mortgage loan amount of 125k with a 7% mortgage rate, your principal and interest payment is 832, at a 5% rate, it's just 671, so that's $160 more cash flow right there, and it's made a tad sweetener than that with just a 5% Property Management rate. And I don't know how long that offer is going to last, but it is available now and for the next little while, you can ask about it. When you visit mid southhomebuyers.com that's mid southhomebuyers.com and you can ask them about their triple five program. More next. I'm Keith Weinhold. You're listening to Episode 595, of get rich education.    Keith Weinhold  16:19   Flock homes helps you retire from real estate and landlording, whether it's one problem property or your whole portfolio, through a 721 exchange, deferring your capital gains tax and depreciation recapture, it's a strategy long used by the ultra wealthy. Now Mom and Pop landlords can 721, the residential real estate request your initial valuation, see if your properties qualify@flockhomes.com slash GRE, that's F, l, O, C, K, homes.com/gre. You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom family investments.com/gre, or send a text. Now it's 1-937-795-8989 Yep. Text their freedom coach directly. Again, 1-937-795-8989,   Dani-Lynn Robison  18:08   this is freedom family investments. Co founder, Danny Lynn Robinson, listen to get rich education with Keith Weinhold, and don't quit your Daydream. You Brenda.   Keith Weinhold  18:24   Today's guest is someone that America knows as the long haired, bearded money guy in the past, he's drawn physical appearance comparisons to Jesus Christ. He's a prominent financial strategist. Founded an eight figure company, hit the Inc 500 he's both a New York Times and Wall Street Journal bestselling author. He is just an electric speaker, including appearances in front of dozens of billionaires. And he's just got this great way of speaking to financial freedom that hits you differently. He even has a comedy special that's great to welcome back to the show. Garrett Gunderson,   Garrett Gunderson  19:02   that's good to be back. Man. Is really good. Love your energy. Has a nice intro.   Keith Weinhold  19:07   Well, you give a lot of like, nice guidance to people that's somewhat different than they're used to hearing. You know, Garrett, I think a lot of the conventional guidance is, you know, it's not very far above Elementary School advice like, put your credit card in the freezer so you don't use it too often, but a lot of times you speak to either business owners or people that have already had some success, and I think a lot of your underlying mantra is, hey, you better live your best life now   Garrett Gunderson  19:35   I kind of feel like you are your greatest asset, and if you starve out that asset because you don't feed it with knowledge, or you don't invest in yourself, or you don't gain the skills that really matter because you're so addicted to scrimping and sacrificing and building your balance sheet right, trying to build savings accounts and retirement plans and doing all you can to pay off that mortgage. Yeah, you could become a millionaire on paper. But will you live like one? Will you enjoy your. Life. What about all the memories that you miss along the way? What about having quality of life today and creating a life you don't want to retire from? The wealthy people, they didn't get that way because they shrunk their way there. They didn't get that way because they were amazing budgeters. They built businesses. They created value. They learned how to, you know, sell or speak or market or have business acumen that grow business or to hire people, and having those systems that actually impact more people or more deeply impact the people that they serve, because it's about value creation and their value creators. And I think this notion of just thinking, Oh, I could just trade time for money and set money aside. Man, that's a really painful way to get to a million dollars, but Northwestern Mutual, they just put out an article that said, 32 or 34% of millionaires don't feel wealthy, because if you have money tied up in an account that isn't kicking off cash flow, it doesn't feel like wealth. You can't spend that net worth. It's just a statement if you don't learn how to create cash flow. And I love financial independence, where people have cash flow from assets to cover their expenses now their lifestyle is covered from that cash flow. Now they can reinvest every active dollar into themselves and their quality of life, into more cash flowing assets, into taking trips along the way, not just waiting until they're too old to enjoy it.   Keith Weinhold  21:13   You work with business owners all the time, and you've even worked with some ultra high net worth people that still seemed to scrimp and save. Do you think really, what is that the function of? Is it more of the wrong mindset or the wrong tactics when someone acts that way?   Garrett Gunderson  21:32   It's a mindset that's really kind of handed down to them? Yeah, maybe from their parents or grandparents or from a different era, like there's people that were, you know, in the Great Depression, that then tells stories to their family about how tough it was, and you never know when that money could go away. So you got to hold tight, and it's a scarcity mindset. So one of the wealthiest clients I ever had, I mean, this was a guy who he was worth a lot of money, but you would never know it. I saw him on TV one day. I was like, Dude, he needs new clothes, and we found a strategy to save him a bunch of money. He was just buying his inventory with cash or like, let's buy it on a plum card, and you'll get cash back. I just said, Just take 10% of that cash back, which was over $100,000 a month, and spend it on yourself. He's like, Well, I wouldn't know to spend it on I'm like, Well, how about some new clothes to start with? He's like, Okay. And then the next month, he bought a nest system for his house. The next month he bought a sound system. Eventually, saved up enough money to buy a Tesla, which he really wanted, like it was money that was there for him, but it changed his entire paradigm, because now he had a quality of life. He was very philanthropic and donated money. He built massive businesses, but he never treated himself well. He'd never felt like it was okay to spend that money because of his upbringing, because the way that his parents viewed money and the way that their parents viewed money, and it was always something that felt scarce. So it felt like, okay, will this go away? And the reality was, we just found money in your couch cushions, essentially. So why not enjoy it along the way? He eventually bought a home that he loved on the water, that he loves the garden. I mean, it was like a total transformation with that one simple thing to help him heal his relationship with money, overcome scarcity, because he was already highly productive. He just had to break free from this budgetary mindset.   Keith Weinhold  23:09   That's great. It was almost like, Dude, I can see it in you. Before we even talk. You got that code off the rack at Burlington. I swear you can do better than this. Come on, now   Garrett Gunderson  23:17    30 years ago, 30 years ago too. You know, it doesn't even fit anymore.   Keith Weinhold  23:23   Well, you know, I recently dedicated a complete episode Garrett to the way I put it is that the risk of delayed gratification is denied gratification. Now, there are some good things to be said for delayed gratification, I think, especially when you're younger, or you're just starting out in the working world, and you just tried to cover rent for your apartment and you don't have much else. Delaying some gratification is good. You need to form capital. You need to get liquid. I try to avoid saying stacking savings, because that gets people in the mindset of becoming super savers sometimes, and they miss out on returns. But what I mean about the risk of delayed gratification, being denied gratification, if it's taken too great of an extent, is, you know, I'm talking about the guy where, when he was 24 he used to say, Oh, I'm going to visit the Galapagos Islands someday. That's what I want to do. But you can just tell by the time you talk to the dude, when he's 48 he begins to use the past tense for things he wanted to do, for example, then he might start saying, Oh, well, I guess I never did visit the Galapagos Islands. You know, you can tell with people when they use the past tense, and that's when you know that their future is not bigger than their past, and a lot of that is the reflection of their financial status.   Garrett Gunderson  24:40   I got married at age 23 and the first two years, well, it was really like the first year and a half, maybe I was just such a miser. I gave my wife a $400 a month budget for an apartment, and we found out that there's places you don't want to live in Utah. I didn't know it, but she's like, is this what you want? And I was like, This doesn't feel like a safe neighborhood. And then you. Know, I was like, All right, maybe $600 I was still kind of really scarce. And my parents were like, Why don't you just live in our basement, rent free, and my wife's like, sex free. If you think that's where we're living, I'm gonna live in my parents basement, you know? Because I just thought money was something to save. So I saved me over 50% of my income. And a lot of people were like, that's amazing. Congratulations. Great job. And so I felt really good about it, and then I realized that my business wasn't growing as fast as this other person my age. I met him at an event, and a year later, he was doing better. And I was like, Dude, what's going on? I could hear it in your voice. I could hear like, you're just a different person. He goes, Oh, I'm doing two things. One, I just hired this guy, Steve D'Annunzio, and he changed my entire life. And I was like, I need to meet him. He's like, he happens to be here in Vegas. He's from Rochester. Introduced me. I hired him as my coach right away. I'm hearing all these people talk about strategic coach at the same event, and they had a booth. So I signed up for Strategic Coach, which meant I had to part with some of my money. Think it was $7,500 I hired Steve as a one on one mentor, and all of a sudden I was investing in myself, yeah. And I broke free from those chains of like, reduction and restriction into the game of production. And then I even had a situation where a woman called me out at the same event. This was a life changing event where she's like, I wonder what it's like living in a financial prison you built for your wife. It's like, Oh, see, that's what happened. I thought I was responsible, and building that responsibility that's actually building walls. And when I came home for that event, my wife and I started looking for our home. Within a few months, we found one. I bought a home. It was very easily within my means. I basically made as much as I paid for this house that we loved. We lived there for nine years. We built so many memories. You know, we had our two kids while we were there, I started host study groups, and that year, I grew my income by $170,000 with the coaching of strategic coach, Steve dnunzio And this woman, Nancy, calling me out. The next year, it grew by even more because the skills started to compound. I decided from that moment forward, I would spend at least $40,000 a year, which I might be able to reach for some people, but at least $40,000 a year on mentors. Is a guy named Alan. He writes my meal plans and my workouts, and I'm at 10% body fat because he knows exactly what they do. I do what he says. It was worth this $10,000 investment, because now I pay attention what I pay for, and I look at like if I'm my greatest asset, how can I create more energy? How can I create more value? How can I feel better about myself? How can I show up the very best version of I am, so I can deliver the most to the other people. And so I've always just been in amazing groups. I just got back from two different events in Beverly Hills around amazing people, learning incredible things that allow me to grow. I haven't spent a huge amount of money on a mentor last year to figure out something that I hadn't been able to figure out to this point. It's the same thing I did to become a speaker, to become a writer or even learn how to sell or market, you've got to invest in the skill, not just in the savings account. You grow yourself first, and then you grow your money. If you starve yourself out because you're in that miserly mindset, you're going to stunt your growth and never be fully fulfilled.   Keith Weinhold  27:56   You're your own best investment. And yes, this stuff is the varying definition of investing in yourself. Don't live below your means. Grow your means and all of that.   Garrett Gunderson  28:05   Grow your means and be more efficient within your means. I mean, the best way I know how to save is not overpay on tax, which 98% of business owners are doing that today. You know, don't overpay on interest, because you either restructure your loans, renegotiate your interest rates, reallocate underpouring funds to pay it off, or you remove investment drag. A lot of people have unnecessary fees and hidden commissions that drag on their investments. Or just design your insurance properly so it's more efficient. Those four i's, IRS, interest, investments and insurance show you how to keep more of what you make, take some of that money, build up your foundation so you have a peace of mind fund, so you have staying power, at least six months of liquidity and then invest more into yourself or learn how to create cash flow. This is the game the wealthy play. But the poor middle class, they think it's about paying off a mortgage and funding the retirement plan, and they will argue about it until it's too late, when they get there and now their homes paid off, but the property taxes are higher than their mortgage was 20 years ago, you know. Or they have home maintenance they have to take care of, or inflation has destroyed the value. Like if someone were to put away 100 grand and they wait for 30 years if they got 10% which the market did the last 30 years, if you reinvest dividends, they're going to have right around $1.7 million but if they have to pay 2% in fees, fiduciary fees, 12 b1 fees, which are marketing fees for the fund expense ratio, you know, the fees of maybe a retirement plan, and they now have 2% fees. It only goes to 1.1 million. Huge difference. And that 1.1 million if we account for inflation, even if we said inflation was low, like 2.7% over that 30 years. Well, by the time we pay for inflation and tax, guess what? The purchasing power value is like, 300 grand $300,000 that's a problem, and it's because they didn't learn to create cash flow. It's because they didn't learn to invest in themselves. It's because they relied completely on a market they don't control. I'm not saying the market is completely something to avoid. I'm saying we go in sequence. How do you grow your income for. First, then how do you keep more of the income you make with? You know, financial savvy and plugging leaks. Then learn to grow your money, but maybe growing your money. For some I like to think of like three dimensional assets, like real estate's three dimensional. It can grow in equity, it can create cash flow, and it has tax advantages. But my business is three dimensional, the more my business creates cash flow, without me, the more equity it has, and that business has major tax advantages. So most people are one dimensional, pay off a loan, put a money in retirement account. That's the poor, middle class. Wealthy people build a system where they've got three dimensional assets, equity, cash flow and tax savings. And that is a complete game changer, because then they can employ the buy borrowed I strategy, if you have assets like, you know, an individual stock, or if you have assets, like a piece of real estate or a business, you could borrow against it. There's no tax on that five for life, right? You keep refinancing. Or you can even do charitable trust to avoid the taxes upon the sell of those paying no tax when there's gains. Or you can pass it on to the next generation with a step up in basis, which means they get it at the full value and not have to pay the difference. And if you have life insurance, the life insurance will pay back the loan that tax free as well. So buy, borrow, die. I mean, it's a completely different thought process of defer taxes. If you defer taxes, I get it. You could do a Roth IRA or Roth 401. K Sure, that'll let you put after tax money in and grow it. But where's the cash flow? What's the underlying investment? How does it help you create financial independence? How does it help you does it help you grow your skills to become a better investor? We've been taught to be lazy, not that people are lazy. We've just been taught to be lazy with our money. We've been fed a narrative. I don't have the time, I don't have the skill, I don't have the interest, but I want to have it, so I just hand it over. And who do we hand it over to Keith Wall Street. Wall would you trust Wall Street? Like you flew to Frankfurt not long ago. Would you get on Wall Street airlines where they're like, hey, sometimes our planes go up, sometimes they go down. That would brand, and he'd feel inspired, right? Would you go to Wall Street, you know, hospital? Or like, hey, he lost one of your kidneys, and by loss, we stole it and resold it. You know, like, Wall Street doesn't have a brand. That's good. It's boiler room. It's Wolf of Wall Street. It's the movie Wall Street with Michael Douglas. You know, greed is good like yet that's what people put their money into. And you can go to any downtown and any major city, and guess who has the biggest buildings, insurance companies, banks and Wall Street investment companies. So you're taking the size of your home and shrinking it to build up their building and put money in their pocket. And their story is, it's because they're Ivy League, they're smart. They try to make it complicated, but you don't have to know most of the things you think you need to know about finance. The foundational things are important, how to protect your assets, how to design insurance, to transfer risk, how to have some liquidity, how to automate your savings. And then you focus like Warren Buffett would teach. He said, You know how people would become a better investor if they only had 20 investments they could make over their lifetime? He says, I don't diversify because I'm in the know. He's like, I'm a good businessman, therefore I'm a good investor and I'm a good investor because I'm a good businessman. I don't separate the two. Yeah, most people think he's a stock market investor. No, he buys out the companies in the stock market. Rarely does he have minority stakes in it. He does have some of that, maybe with Coca Cola and apple, but he bought a lot of companies outright, whether it was Geico, whether it was See's Candies, whether it was like he buys these companies, he's so far outperformed the stock market by billions of dollars from an index fund like what he has, versus someone that put the same money in an index fund, Warren has billions more from his investments than the person that put all their money in the index fund, even if it was the same amount. It's completely about strategy, not about luck.   Keith Weinhold  33:30   Yeah, it's the Andrew Carnegie, put all your eggs in one basket and then watch your basket. Yeah? Watch that basket like a hawk. Totally. Yeah. I mean, stacks mutual funds, they have what I call those five simultaneous drags. If you think you're getting a 10% long term return over time, subtract out inflation, emotion, taxes, fees and volatility. What do you have left? Not much. But there's no friction there. It is just the easiest thing to do ever since decades ago, 401 K contributions begin to become automated throughout your paycheck, sometimes even automatically, automated   Garrett Gunderson  34:04   values your permission opt out. It's easy. You have to opt out, right? It's Big Brother. You don't know what's best for you. And by the way, how crazy are four one K's. Part of the reason the market has gone up in value is because people consistently fund for one case, whether the market's going up or down, they're told $8 cost average. So that's artificially fueling the market. When we see the numbers, there's a buffet index, and it's like 2.9 times higher than what he's comfortable with, with the stock market, because of how overinflated the market is, partially due to inflation, partially because people put money in. But let's remember, why did 401, K's even come about? Because pensions failed. And by the way, these pensions failed and they had world class money managers managing these multi billion dollar pensions, but they didn't know about something called disinvesting, or didn't know enough about it. When the market goes down and pension money is owed, they still have to pull money out of the pension to pay the employee which disinvests, which pulls more money out of the account. So now instead of just being 10% down, they might be 17% down. And so even if the market comes back 10% it's 10% of only 83% of the money. So not even back to square one. And if it goes down a second year in a row, they're in real trouble. It starts to chip away at the principal, and they can't recover. And that happened to pensions, and they said, Oh, here, we can't handle these. We're going bankrupt. We're going to get rid of pensions. You take care of it. Well, guess what? Vanguard says, the average balance in a 401, k right now is $148,000 how someone's supposed to live on $148,000 even if you could get 10% that's $14,800 a year taxable, that's not going to do it. Even if you have a million dollars, where are you going to put the million dollars to get the return without risking it going down? Maybe you're going to be in treasuries at 5% that's $50,000 taxable per year. You're a millionaire on paper, but living poorly. That's why I'm here to call these things out. I think that my book Killing Sacred Cows, which was my original New York Times bestseller, which is probably how we met. Yeah, I rewrote it. I rewrote it, rereleased it in 2024 and I'll give people the audiobook. They just have to DM me on Instagram. Garrett B Gunderson and DM the word cows with Keith's name, cows and Keith or Keith and cows. I'll hook you up with the book for free, so you can learn about the nine financial myths. We're talking about some of them here, but there's also some comedy in there, so they can laugh after each chapter. I threw some comedy in there. You know, if you like my comedy, I'm not the funniest comedian. I'm just the funniest money comedian. That's the reality.   Keith Weinhold  36:33   When we had the very inventor of the 401 k plan, Ted benna, come onto the show, he revealed to us that when 401 K plans rolled out, they were first called salary reduction plans. They had to scrap that name in order to foster participation. But reducing your salary is still principally what it does to you. You got to think about it that way and blow up some of these myths. But Garrett, you've already given a lot of great technical information about what someone can do, how someone can think differently. Bigger pictures, we're sort of winding down here. You know, when I'm thinking about this whole delayed versus denied gratification thing, how do you meter it out right throughout your life? I mean, what's your earmark your family legacy? How do you meter it out, right so you don't have too much or too little at the end of your life?   Garrett Gunderson  37:15   I like to see this strategy of, like, what would the rockfellers do that I wrote about is, you know, the beginning before that strategy is you pay yourself first, which has always been around Richest Man in Babylon. Tons of books talk about it. My argument is you want to pay yourself at least 15% of your personal income, off the top, to a separate account. Once you get six months in that account, now you start to invest that money, but you build your stability with that peace of mind. And we want 15% because the luxury once enjoyed becomes a necessity. So you want more money in the future, not the future, not less propensity to you know, there's also, just like planned obsolescence, things break down. You have to repair them. Technological change, we're buying new technology that doesn't even exist. I have now subscriptions to a bunch of AI things that help me out, right? But I'm spending more money. There's also taxes, those could go up in the future, or 38 trillion in debt as we film this, which is a crazy number. And there's also inflation. If we give 3% to each of those five factors, that's 15% now again, use the four i's, IRS, interest, investments and insurance to find that money, not just budgeting. But then here's the magic. At least 3% of your income should go to a separate account called the Living wealthy account. That's your guilt free spending, value based spending account, so you enjoy some money along the way. These are the things that are the finer things in life that people might say are wasteful. You know, there's a book called unreasonable hospitality that talks about this, 11 Madison Avenue was the number one rated restaurant in the world. And, you know, will who wrote the book talked about they had 3% of their budget to just go wild on their customers dream making money, right? So to create the special experience in the restaurant, and even the bear, I think was season three, showed some of that process of how they do that. So I highly recommend taking a certain percentage. You get to enjoy along the way. It could be higher than 3% but start there, and you're going to feel better, you're going to have different energy, you're going to show up in a different way. And then from there, I just believe in having trust, so that your money's outside of your estate, and protecting financial predators so you own nothing but control everything. And I personally use life insurance. I use just standard over, you know, like basically properly structured, optimally funded whole life, so that death benefit will come in after I die. It allows me to spend more of my money and then have it replenished so I can enjoy more of my money along the way, because I know that death benefit will be there for my wife or even for my family trust after I'm gone, so I don't disinherit the people that I love.   Keith Weinhold  39:31   Garrett Gunderson, he can take you through these steps, which he calls financially fit, to financially independent, and then finally to financially free. Tell us a little more about that going through those steps.   Garrett Gunderson  39:44   So financial fitness means your financial house is in order. You've got everything handled properly, car insurance, homeowners, liability, disability, medical life insurance, your corporate structures as a business owner, how you pay yourself, your taxes the last three years and move. Moving forward your investments. It's like, you know what it's going on. You've improved your cash flow, and you're dialed in. You're as safe as you could possibly be. Then financial independence is, how can we create income, especially from a business that comes in when you don't, that's people, that's processes, that's technology, so that you can be involved, but you don't have to be involved. This is the part most people miss, yeah, and I think it's crazy. A lot of people have this notion they're just going to work so hard so they can sell their business one day, I'm like, What about just creating a business that you love so much you don't want to sell it? What about giving up the things that are burning you out and have the employees that can take care of that so you do the things that you love and then just enjoy life along the way, take some little trips, take some time off and come back in. The business grows up when you're away, they learn how to do things without you, and then you can still create value into that business. I sold the business in 2021 and really regretted it, because I kind of was so removed from the business. I kind of felt like it lost its soul and I didn't feel connected to it. So this time around, I started a business in July of 2024 I'm like, I'm only going to work with the P with the people I love, building things that I love, and I'm not going to let myself get burned out by doing too much. We're going to take two weeks in Hawaii coming up here in April, just enjoy some time together as a family. We do quarterly family retreats with my wife and kids. We do traditions with my family up at my cabin, like I want to have this great life where it's blurs the lines between work and play. I have a little quote from someone else that talks about that art of life is blurring the lines between work and play, but also just having complete play sometimes that there is no work. So I come back refreshed, relaxed, rejuvenated and ready to create. And so really, that financial independence gives you permission to swing for the fences and what you do, knowing your foundation is handled, knowing that your lifestyle is covered, from assets to create cash flow gives you work optional freedom. But instead of retiring, think, what could your biggest impact be like? Create the life you don't want to retire from. Create a vision so compelling you can dedicate your life to it and find that the win is actually in the work, not just the outcome. I think that is the elegance of we win when we play, and when we have more play in our life. We don't try to escape from something. And when you start something, you might have to do things you hate, but you can eventually delegate it, and then life becomes great. I mean, one of my early coaches, Dan Sullivan, who I mentioned, a strategic coach. He's in his 80s, still behemoth of creating value in the in the market. To listen to him, you know, he's phenomenal. He's made such a huge difference in my life, and he has no intent of retiring. He just gets smarter every year, adds more value, builds more infrastructure, and he's the one that taught me the merit of free days, just taking time off, taking time away. So, yeah, that's financial independence. Is cash flow, and then financial freedom is a state of mind. It's when money is no longer the primary reason or excuse you would do or not do something. It's a consideration, but it's no longer the consideration means that you have a healthy relationship with money. Money is an asset and an ally, not an enemy. You don't come from a place of scarcity. You come from a place of abundance. You can be more present with your family and doing what you do without feeling distracted. I think wealth is our ability to be present, not necessarily how much money we have in a bank account. I think we have a good amount of money in a bank account, and we can be present. That is like true wealth.   Keith Weinhold  43:12   It harkens back to the John D Rockefeller, he who works all day has no time to make money. Rockefeller would have said, you can architect a wealth plan if your head is down on the assembly line, that means gradually move your offer. It's from trading your time for dollars over to owning assets that pay you to own them. Garrett's comedy special is called the American Ream. There's no D in that word, R, E, A, M. You can look that up, Garrett. It's been enlightening as always. Thanks so much for coming back onto the show.   Garrett Gunderson  43:43   Hey man, good to be back.   Keith Weinhold  43:51   Always. A lively conversation with Garrett, besides some great mindset perspective, he's really good at saving you tax and setting you up with asset protection. Though he's not as real estateish as me, he's pretty savvy. For example, He's aligned on the fact that, for example, say you have an 80k debt. Well, it doesn't necessarily mean that it makes sense for you to pay that off sometimes it does, but what happens to your net worth anytime you pay off an 80k debt, well, let's see. You've reduced your asset side by 80k and you've reduced your debt side by 80k so your net worth is the same, and retiring the debt means that you might have lost leverage, lost cash flow and lost tax advantages, all at the same time on Instagram, send a DM with the two words, Keith Cows to Garrett B Gunderson, and he'll hook you up with his book for free next week on the show, we go deep on does America really have a housing shortage with an expert analyst. Until then, I'm your host. Keith Weinhold, don't quit your Daydream.    Speaker 4  45:01   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  45:29   The preceding program was brought to you by your home for wealth. Building, get richeducation.com  

BARD annotation West with giraffes DB102687 Author: Rutledge, Lynda Reading Time: 10 hours, 0 minutes Read by: Jack Fox Subject: Historical Fiction As the Great Depression lingers, Americans long for wonder. They find it in two giraffes who miraculously survive a hurricane while crossing the Atlantic. In a twelve-day road trip, Woodrow Wilson Nickel drives a custom truck to deliver the giraffes to the San Diego Zoo. Some violence and some strong language. 2021. Seattle : Lake Union Publishing, 2021. Bookshare You can find this book on Bookshare at the following website: https://www.bookshare.org/browse/book/6227042?returnPath=L3NlYXJjaD9tb2R1bGVOYW1lPXB1YmxpYyZrZXl3b3JkPVdlc3QlMkJ3aXRoJTJCZ2lyYWZmZXM

A big birthday with a big inheritance comes with more attention and trouble. So would a birthday party even be worth the risk? November 1933, after Doris Duke turns 21 and receives the first portion of her inheritance, she must now face threats from kidnappers, ill-intentioned suitors, and lawsuits. Meanwhile another kidnapping situation turns deadly. Amidst the threats, Doris has a small birthday dinner party with some illustrious guests back at her mansion. Other people and subjects include: Nanaline Holt Inman Duke, James H.R. Cromwell aka “Jimmy,” Princess Barbara Hutton Mdivani, Prince Alexis Mdivani, Prince Serge Mdivani, Prince David Mdivani, Eva Stotesbury, Edward “E.T.” Stotesbury, Walker Inman, Prince Serge Obolensky, Elsa Maxwell, Maury Paul / Cholly Knickerbocker, Janet Snowden, Harold Vanderbilt aka “Mike,” Charles Lindbergh, Anne Morrow Lindbergh, President Franklin Delano Roosevelt, Mrs. Curtis Dall aka Anna Roosevelt, “Atty” Atwater Kent Jr., Secretary of War, superintendent of Annapolis, West Point graduate, Newport sheriff, Cinina Rafaela (alternate spellings Cimina – Fafeala), J. Irving Shaffer, Brooke Hart, Thomas H. Thurmond, Jack Holmes, California Governor James Rolph, Grand Duke Dmitri, Mrs. Horatio Seymour Shonnard aka Mary Elizabeth Joyce, Mrs. Allan Ryan Jr., Harrison Williams and wife Mrs. Harrison Williams, Mrs. Allen Gouveneur Wellman, Lady Mendl, Mrs. Robert McAdoo, astrologer, reporter, photographers, injury lawsuit, twenty first 21st birthday inheritance, Army-Navy football game, broke suitors, FBI investigation, Lindbergh baby kidnapping, kidnapping, transatlantic air mail, American-European air mail service, League of Nations, mob rule, lynching, accordion, Great Danes, tiara, royal guests, Duke mansion, Duke Farms, Whitemarsh Hall, Santa Clara County Jail, Manhattan, New Jersey, Philadelphia, Cape Verde, Africa, different story format, anecdotes, expanding references, newspaper research, Pro Search archive, Newspapers.com, cultural references, , biographies, Richest Girl in the World by Stephanie Mansfield, Trust No One by Ted Schwartz, Daddy's Duchess by Valentine and Mahn, Too Rich by Pony Duke, The Silver Swan by Sally Bingham, prevalent fears of kidnapping, Great Depression newspapers vs modern social media, birthday quotes on wealth, Sherry Papini, Joseph Dunniger, Harry Houdini, Theodore Roosevelt, Thomas Edison, psychic mediums, Spiritualists – Spiritualism, debunking, Netflix Frankenstein 2025, Guillermo Del Toro, Del Toro's father's kidnapping, James Cameron, ransom, father – son reconciliation, creativity, Today Show host Savannah Guthrie, Nancy Guthrie, recent famous kidnapping, Niccola Peltz, Brooklyn Beckham… -- Extra Notes / Call to Action: Antique Jewelry Historian – Zuleika Gerrishhttps://www.instagram.com/antiquejewelleryhistorian/ Doris Duke and her tiarashttps://www.instagram.com/p/DT_YSorjd5X/?img_index=1https://www.naturaldiamonds.com/historic-diamonds/doris-duke-jewelry/ Marjorie Merriweather Posthttps://www.instagram.com/p/DUIMRV7jXTX/?img_index=1 YouTuber Meghan's Mole Doris Duke and Peltz Family Connection | Meghan's Mole January 31, 2026https://www.youtube.com/watch?v=1Ffm5Aa1IGA Enty Lawyer – Crazy Days and Nights blog Doris Duke cryptic message relating to Peltz familyhttps://www.crazydaysandnights.net/2022/07/todays-blind-items-get-yours.html The Silver Swan: The Search for Doris Duke by Sally Binghamhttps://www.amazon.com/Silver-Swan-Search-Doris-Duke-ebook/dp/B078X21PDT Share, like, subscribe -- Archival Music provided by Past Perfect Vintage Music, www.pastperfect.com. Opening Music: My Heart Belongs to Daddy by Billy Cotton, Album The Great British Dance Bands Section 1 Music: Top Hat, White Tie and Tails by Carroll Gibbons & Boy Friends, Album Sophistication – Songs of the Thirties Section 2 Music: Moonlight Cocktail by Hutch, Album Tea Dance 1920s, 30s, 40s Vintage Tea Party Section 3 Music: It's An Old Southern Custom by Carroll Gibbons, Album The Age of Style – Hits from the 30s End Music: My Heart Belongs to Daddy by Billy Cotton, Album The Great British Dance Bands --https://asthemoneyburns.com/ X / TW / IG – @asthemoneyburns X / Twitter – https://x.com/asthemoneyburns Instagram – https://www.instagram.com/asthemoneyburns/ Facebook – https://www.facebook.com/asthemoneyburns/

Americans are deeply divided, passions are running high, and many fear the Republic is failing. But is any of this actually new? In our recent ClubGPF live discussion, GPF Chairman George Friedman revisited his book The Storm Before the Calm to explain where we are in America's recurring 80-year institutional cycle. Drawing parallels to the Revolution, the Civil War, and the Great Depression, George shows that the current crisis is the least threatening of the four great institutional upheavals in American history. To learn more about ClubGPF, including more free audio and video clips, go to https://geopoliticalfutures.com/join-clubgpf-bundle/.

March 1933. The Great Depression has Americans on edge, banks are shutting their doors, and fear is moving faster than facts. In this America Explained episode, Rich Bennett sets the scene and then shares a historic voice that helped steady the country: Franklin D. Roosevelt's first Fireside Chat, delivered March 12, 1933.Roosevelt doesn't talk like a politician here. He talks like a neighbor, breaking down complicated banking mechanics into plain language and giving people something they desperately needed: clarity and reassurance.Send a textVote for us here 10% off All MembershipsRuntime: 2/10/2026 until 2/28/2026Code: CRBPodcast This discount is valid only for memberships purchased February 10, 2026 until February 28, 2026. It cannot be applied retroactively to previous purchases and may not be combined with any other discount or promotion. All memberships purchased are nonrefundable.Freedom Federal Credit UnionHELPING YOU REACH YOUR FINANCIAL DREAMSDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showRate & Review on Apple Podcasts Follow the Conversations with Rich Bennett podcast on Social Media:Facebook – Conversations with Rich Bennett Facebook Group (Join the conversation) – Conversations with Rich Bennett podcast group | FacebookTwitter – Conversations with Rich Bennett Instagram – @conversationswithrichbennettTikTok – CWRB (@conversationsrichbennett) | TikTok Sponsors, Affiliates, and ways we pay the bills:Hosted on BuzzsproutSquadCast Subscribe by Email

Walled Lake, Michigan — just 25 miles from Detroit — was once one of the Midwest's most electric summer destinations.In this episode of The End of the Road in Michigan, we step back to the early 20th century, when steam trains, Model Ts, and streetcars carried thousands to the first popular beach west of Detroit. What began as a quiet farming village transformed into a lakeside playground filled with dance halls, glowing pavilions, and the roar of the Flying Dragon roller coaster.We tell the story of rival dance halls that packed nearly a thousand people onto polished maple floors. We revisit the Walled Lake Amusement Park, where families rode Ferris wheels at sunset and teenagers stayed out late beneath spinning mirrored lights. And we explore how, even during the Great Depression, this small Michigan town kept the music playing. This episode is about ambition, escape, and the simple power of summer nights by the water. It is the story of how Walled Lake became more than a dot on a map — it became a memory for a generation.The End of the Road in Michigan is a production of Thumbwind PublicationsThis episode includes AI-generated content.

On a hill above the Soo Locks in Sault Ste. Marie, Fort Brady stood guard for more than a century. It never became a battlefield. It rarely made national headlines. Yet for decades, it shaped the lives of soldiers and the community around it.In this episode of The End of the Road in Michigan, we step into the years between wars — when Fort Brady functioned less like a combat outpost and more like a northern town in uniform. Soldiers drilled at dawn, shoveled heavy snow in winter, played baseball in summer, and performed in post bands that echoed across Ashmun Hill.We examine how routine shaped readiness. How winter training prepared troops for global conflict. And how the fort's steady presence supported Sault Ste. Marie survived the Great Depression and World War II.When the Army closed Fort Brady in 1944, its buildings did not fall silent. They became classrooms and dormitories, forming the foundation of what is now Lake Superior State University. This episode explores a different kind of military story — one defined by patience, discipline, community, and endurance in Michigan's Upper Peninsula.The End of the Road in Michigan is a production of Thumbwind PublicationsThis episode includes AI-generated content.

Thursday, February 26, 2026 In this episode: Pro-Trump activists circulated a 17-page draft executive order urging Trump to declare an election emergency and use it to impose federal voting rules, including limits on mail ballots and voting machines; the Trump administration believes "the politics are a lot better if the Israelis" attack Iran first, thinking Tehran's retaliation would build U.S. support for American attacks; the FBI subpoenaed phone “toll records” for Kash Patel and Susie Wiles in 2022 and 2023 during Special Counsel Jack Smith's investigating into Trump's efforts to overturn the 2020 election and his mishandling of classified documents; Hillary Clinton's closed-door deposition before the House Oversight Committee's Jeffrey Epstein investigation was briefly paused after an unauthorized photo from inside the room was posted on social media; a federal judge ruled that the IRS violated federal privacy law “approximately 42,695 times” by sharing taxpayer addresses with ICE; the U.S. recorded net negative migration in 2025 for the first time since the Great Depression; 61% of Americans say they support deporting unauthorized immigrants, but 60% say ICE agents have “gone too far"; and 56% of Americans say they don't trust Trump to make the right decisions about using military force overseas. Read more: Day 1864: "The politics are a lot better." Newsletter: Get the daily edition of WTFJHT in your inbox Feedback? Let me know what you think AI Policy: My AI policy

Los Angeles, California February 26, 1931 The Great Depression had America on its knees, and men in power needed someone to blame. On a sunny Thursday afternoon, federal immigration agents and local police sealed off La Placita park in the heart of Mexican Los Angeles, trapping nearly four hundred men, women, and children. They demanded papers. They beat those who tried to run. They arrested a man whose documents proved he'd lived legally in the country for eight years — and stuffed them back in his pocket. The raid was the opening salvo in what became the Mexican Repatriation, a decade-long campaign that drove an estimated one to two million people of Mexican descent out of the United States. Sixty percent were American citizens. It took California seventy-four years to apologize. This is the story of the afternoon it started.Become a supporter of this podcast: https://www.spreaker.com/podcast/true-crime-historian--2909311/support.You can pay more if you want to, but rent at the Safe House is still just a buck a week, and you can get access to over 400 ad-free episodes from the dusty vault, Safe House Exclusives, direct access to the Boss, and whatever personal services you require.We invite you to our other PULPULAR MEDIA podcasts:If disaster is more your jam, check out CATASTROPHIC CALAMITIES, telling the stories of famous and forgotten tragedies of the 19th and 20th centuries. What could go wrong? Everything!For brand-new tales in the old clothes from the golden era of popular literature, give your ears a treat with PULP MAGAZINES with two new stories every week.This episode includes AI-generated content.

In Episode 381 (Rebroadcast of Ep 194), we look at some very practical lessons people learned from the Great Depression. talk about money. We continue the conversation in the After Show. Please support our sponsors US Law Shield,  EMP Shield, Numanna Foods, Backwoods Home Magazine, Jared Savik - Montana Realtor, Lizzy McDaniel - Tennessee Realtor, Minutemen Coffee, and My Kind CBD. We are now part of the Firearms Radio Network. Learn more about our podcast at Prepping 2-0.com

In Episode 381 (Rebroadcast of Ep 194), we look at some very practical lessons people learned from the Great Depression. talk about money. We continue the conversation in the After Show. Please support our sponsors US Law Shield,  EMP Shield, Numanna Foods, Backwoods Home Magazine, Jared Savik - Montana Realtor, Lizzy McDaniel - Tennessee Realtor, Minutemen Coffee, and My Kind CBD. We are now part of the Firearms Radio Network. Learn more about our podcast at Prepping 2-0.com

Best Of 2GG: Great Depression Food by Two Girls and a Guy

“You are the most God-gifted writer I've ever had,” Tom's college professor told him. However, Tom quit college; his love of farming drew him back to the farm. Thirty years later, Tom picked up the pen again, drawing readers into farming adventures with him. In these exciting and uplifting true stories, he shares his love of farming, family, and God. His unique writing style brings the reader right alongside him and his family as they work on their northern Wisconsin dairy farm. Tom's stories have spread like wildfire from his hometown newspaper to papers across America. Readers tell him, “Please don't quit writing.” Others ask him, “When are you going to make it a book?” Due to popular demand here it is. From quotes like “Dad, I really enjoyed fixing that with you” to “She's a dead cow don't call me anymore,” these engaging stories will keep you turning the pages to read one story, then another. As you do, you will be blessed as so many others have been. Come, read, and enjoy our farm life with us.

Travels With Randy Route 66 Episode 6 is here! Something Something Something Winslow, Arizona Route 66's Steepest Climb Randy discussed his journey along Route 66, focusing on the steep climb from Ash Fork to Williams, which he described as the steepest on the route. He explained that modern vehicles easily navigate this challenging terrain, unlike the early 20th-century cars that struggled to ascend. Randy also mentioned encountering abandoned cars along the route, which he finds fascinating and takes pictures of, though he lacks the expertise to identify many of the makes and models. Automotive Industry Consolidation History The discussion focused on the history of the automotive industry, with Randy sharing that a Ford Model T cost $250 in 1926 (equivalent to $4,500 today) while a Packard cost $3,300, and that there were 1,800 different car companies in the United States in the 1920s, compared to just three major companies today (Ford, GM, and Stellantis). They discussed how the industry has undergone significant consolidation over time, with many companies failing during the Great Depression and World War II playing a crucial role in Jeep's survival. Bubba noted parallels between the automotive industry's history and the current AI landscape, where many companies may eventually be consolidated down to a few major players. Williams: Route 66 Gateway The discussion focused on the history and significance of Williams, Arizona, as a key stop along Route 66. Randy explained that Williams was the last town bypassed by Interstate 40, which was notable because they negotiated three distinct entrances and exits in exchange for being bypassed. They discussed the town's history as a gateway to the Grand Canyon, despite Route 66 not directly reaching the canyon, and highlighted the presence of the Grand Canyon Railway, which still operates train service from Williams to the Grand Canyon. The conversation also touched on the Harvey Hotels, which were prominent railroad stops with elegant dining and lodging, with La Posada in Winslow being one of the few remaining original Harvey houses. Flagstaff's Route 66 Resilience The discussion focused on the history and significance of Flagstaff, Arizona, as a key stop along Route 66. Randy explained how Flagstaff survived and thrived despite the construction of Interstate 40, attributing its success to the establishment of Northern Arizona University and the presence of the Lowell Observatory, where Pluto was discovered. They discussed Flagstaff's unique dark sky ordinance requiring neon lights to be turned off 30 minutes after business hours, and Bubba shared a personal story about his son's astronomy class at NC State, where students can remotely control satellites to take pictures of celestial objects like galaxies Route 66: Winslow's Revival Journey The discussion focused on the history and development of towns along Route 66, particularly Winslow, which gained fame from the Eagles' song "Take It Easy." The town transformed from a ghost town to a popular tourist destination after building a park and statue on the corner referenced in the song. The conversation also covered Two Guns and Two Arrows, two nearby towns with different attractions, and mentioned that Route 66 passed through the Petrified Forest National Park before being rerouted. Route 66 Maintenance Challenges Randy discussed Route 66, highlighting its historical significance and the challenges in maintaining the original road for a national bike route. They explained that while some states have completed their sections, others like Arizona and New Mexico have not, making it dangerous for cyclists. Randy shared experiences driving through the Petrified Forest, describing its stunning rock formations and the transformation of the Painted Desert Inn into a visitor center. They noted that after Flagstaff, Route 66 becomes less maintained and less accessible, with many dead ends and issues with tribal land permissions. Route 66 Exploration and Challenges Randy shared his experience exploring Route 66 in Arizona, including visiting a 50,000-year-old crater and the town of Winslow, famous for the song "Take It Easy." They discussed the challenges of maintaining businesses along the less-traveled Route 66 compared to Interstate 40, noting the abundance of abandoned gas stations and trading posts. Randy highlighted the unique attractions in towns like Holbrook and Winslow, and mentioned plans to continue exploring Route 66 into New Mexico in the following week. Route 66 Podcast and Preservation Randy and Bubba discussed their ongoing Route 66 podcast and social media project, noting their growing Facebook following of 25,000 and plans to launch a Kickstarter campaign in mid-March. They explored the challenges of preserving Route 66, including the need to complete certain sections to enable a bike path, and shared their concerns about younger generations losing interest in road trips. Bubba suggested the idea of renting classic cars along Route 66 to enhance the travel experience, and both agreed on the importance of capturing nostalgia for future generations. They also discussed their use of AI, specifically Beth, to assist with their project and the potential for future developments in automated driving.   SO. MANY. PHOTOS - Come join the conversation on Facebook! https://www.facebook.com/travelswithrandypodcast Have a great idea for the guys?  Want to sponsor us?  Want us to sell something National Park or Route 66 related? Want to be a guest? Want to pay for both of us to go to Alaska? Want me to stop asking questions?   bubba@travelswithrandypodcast.com !!

Episode Summary:In this episode of Explaining History, Nick explores the agonizing political and strategic choices faced by Great Britain in the 1930s.Why did the British government delay rearmament for so long? Drawing on Daniel Todman's Britain's War: Into Battle, we examine how the shadow of the First World War and the Great Depression shaped the policy of appeasement. Nick argues that the "caution" of the Baldwin and Chamberlain governments wasn't just cowardice; it was a desperate attempt to avoid the "total war" that would require the complete subordination of freedom and prosperity to the state.From the technological leap from biplanes to monoplanes to the "imperial overstretch" that left Singapore and Palestine vulnerable, we delve into the global chessboard of the late 30s. How did the need to defend an empire spanning the globe leave Britain dangerously exposed in Europe? And why was the fall of Singapore written into the strategic compromises of the 1920s?Plus: Details on our upcoming Nazi Germany Masterclass in March!Key Topics:The Rearmament Debate: Why a "Churchillian" surge in 1935 might have failed.Technological Change: The shift from fabric biplanes to the Spitfire and Hurricane.Imperial Overstretch: The impossible task of defending the UK, the Mediterranean, and the Far East simultaneously.The Palestine Mandate: How the Arab Revolt of 1936 tied down British troops needed elsewhere.Books Mentioned:Britain's War: Into Battle (1937-1941) by Daniel TodmanEnglish History 1914-1945 by A.J.P. TaylorForgotten Armies by Christopher Bayly and Tim HarperExplaining History helps you understand the 20th Century through critical conversations and expert interviews. We connect the past to the present. If you enjoy the show, please subscribe and share.▸ Support the Show & Get Exclusive ContentBecome a Patron: patreon.com/explaininghistory▸ Join the Community & Continue the ConversationFacebook Group: facebook.com/groups/ExplainingHistoryPodcastSubstack: theexplaininghistorypodcast.substack.com▸ Read Articles & Go DeeperWebsite: explaininghistory.org Hosted on Acast. See acast.com/privacy for more information.

Welcome to another episode of Beats, Vines & Life! In today's episode, “Gemello Audio,” host MJ Towler sits down with Bay Area writer, wine historian, and longevity researcher Kevin Ferguson. Growing up surrounded by the orchards of Mountain View, California, Kevin Ferguson comes from a family with deep roots in winemaking—his grandfather, Mario Gemello, ran the historic Gemello Winery for nearly five decades. As the 50th anniversary of the legendary Judgment of Paris approaches, Kevin shares the incredible story of his family's journey through Prohibition, the Great Depression, and their surprising triumph at the 25th anniversary of the Judgment of Paris blind tasting.Along the way, MJ and Kevin dive into multigenerational family life, the transformation of Silicon Valley from orchards to tech hub, and how sports, culture, and a passion for storytelling intersect in Kevin's life. From epic basketball moments to the science of longevity inspired by Kevin's 104-year-old grandmother, this conversation is all about history, legacy, and celebrating the Mavericks and centenarian wine drinkers shaping our world. So grab a glass and get ready for a fascinating blend of music, wine, family, and life's biggest stories.For more information about Gemello Winery follow Kevin's Substack!Follow Gemello on IG!____________________________________________________________Until next time, cheers to the mavericks, philosophers, deep thinkers, and wine drinkers! Go to the-vines.com and use code BLACKWINEGUY to unlock member pricing and join their community for just $395, plus get a case of wines they make with their partners. (U.S. addresses only.)Subscribe and give Beats Vines and Life a five-star review on whichever platform you listen to.For insider info from MJ and exclusive content from the show, sign up at blackwineguy.comFollow MJ @blackwineguyFollow Beats Vines and Life @beatsvinesandlifeFollow Totally Biased Wine Reviews on IGSign up for Totally Biased Wine Reviews Hosted on Acast. See acast.com/privacy for more information.

This week, during the Great Depression, Osage, West Virginia was a raucous river town. It's sleepier now, but music is keeping the magic alive.Also, a poet remembers growing up in a secret city in Tennessee that was built during World War II.And, rock climbing is usually for warmer months, but some climbers have taken to climbing frozen waterfalls. You'll hear these stories and more this week, Inside Appalachia.

Alex Howlett, an independent scholar affiliated with The Greshm Institute, discusses Universal Basic Income (UBI). Beginning with Modern Monetary Theory (MMT), an offshoot of post-Keynesianism, he addresses its key principles: notably Keynes' belief that the Great Depression was caused by a deficiency in aggregate demand, leading to sustained involuntary unemployment that the market could not self-correct. Howlett deflates Keynesian theory that assumes that economic policy aims for full employment, asking, “To what extent actually does it make sense for people to be workers?” while explaining that labour is not the most effective or efficient way to get money to people. Howlett sees UBI as solving this problem of distributing money to people while dispensing with the need to ensure that everyone has a job, dispelling the notion that only if every single person is working can an economy run at full capacity. Assessing some of the major criticisms of UBI—from fiscal feasibility, economic incentives, and social justice—he responds to the fears of inflation, worries that borrowing will lead to reckless fiscal policy and a loss of central bank independence, or that UBI would dismantle already established welfare programmes. Responding to counter-arguments to UBI, such as the claim that the economy will not have the labour pool it requires or that people won't be working as much, Howlett turns these arguments on their head demonstrating how the demand for labour is artificially inflated as a way of getting people jobs, noting the historical overstimulation of the financial sector to encourage firms to borrow so they hire workers. Howlett contends that with UBI, the economy does not have to play into the push and pull of labour supply and demand, stating, “You hear this fear that people aren't going to work as much at the same time that you hear this fear that there aren't going to be enough jobs available, right? It's like, well, wait a minute…. Isn't it good if those things kind of go together?” Get full access to Savage Minds at savageminds.substack.com/subscribe

During the 19-teens and through the Great Depression, women and particularly black women were holding together literacy in society with their bloody fingertips and blistered feet. In this episode we discuss the Packhorse Librarians of Kentucky, and the black librarians of the Harlem Renaissance. Literacy is power, guys. And Black history is American history. And women's history is still sadly overlooked, which is why we do this podcast!Kelly's creative projects of the moment: Goddess justice arc 2026 calendar Well behaved women keychains

The filmmaker John Sayles (“Eight Men Out”, “The Brother From Another Planet”) returns for his 3rd visit. In addition to the 18 feature films he has written and directed, he is also a longtime author of novels. His latest, “Crucible” is now available where books are sold. From the Oscar-nominated filmmaker comes a complex and sweeping historical novel about Henry Ford — the Elon Musk of his day — and his attempt to rule not only an automotive empire but the rambunctious city of Detroit. It is an epic tale ranging from the 1920s through the second World War, featuring violent labor disputes, misbegotten jungle expeditions, a tragic race riot, and the gestapo tactics of Ford's private army . . . Already the gateway for illegal Canadian liquor during Prohibition, the Motor City becomes a crucible for American class conflict during the Great Depression, with an army of laid off Ford workers drifting into the ranks of the burgeoning union movement — Henry Ford’s worst nightmare. To keep the hundreds of thousands still employed by him in thrall, the man who was formerly ‘America’s favorite tycoon’ recruits black laborers migrating from the deep South to serve as ‘strike insurance’, and gives Harry Bennett, pugnacious as he is diminutive, free reign over the legion of barroom brawlers and ex-cons who make up the company's ‘Security Department’. https://www.youtube.com/watch?v=w_cHq5UhYRI The Model T mogul has also bought a sizable chunk of Brazil’s Amazonian rainforest, vowing to grow his own rubber for tires, but stubbornly refusing to include a botanist in his troop of would-be jungle tamers. As a series of biological plagues descend on the Fordlandia plantation, the racial melting pot he has created in Detroit begins to boil over, and not even the Sage of Dearborn can control the forces that have been unleashed. The novel’s cast — Ford workers black and white and their families, young radicals, cynical newsmen, gangsters, Brazilian rubber tappers, cameos from boxer Joe Louis and muralist Diego Rivera — create the tapestry of differing points of view that John Sayles has become famous for, the events portrayed fundamental to the country we live in today.

Returning to Jackson County: A History of the Temple Lot Church Rick Bennett sat down down with historian R Jean Addams in 2020 to explore the fascinating history of the Church of Christ (Temple Lot), often referred to as the “Hedrickites.” Addams, whose wife is a descendant of the sect’s founder, Granville Hedrick, provides a deep dive into how this small group returned to Independence, Missouri, to reclaim the original temple site dedicated by Joseph Smith. https://youtu.be/vBmd_8RCktE Key Historical Moments: • Return to Missouri: While many restoration groups moved west or stayed in Illinois, Granville Hedrick received a revelation in 1864 to return to Jackson County, Missouri, in 1867. His brother, John Hedrick, was the first to return in 1865, and the group began purchasing the lots that make up the specific temple site. • Temple Lot Case: In the 1890s, the RLDS Church (now Community of Christ) sued the Temple Lot church to seize ownership of the property. In a surprising twist of history, the Utah-based LDS Church secretly funded the Temple Lot's legal fees to help them retain the land and prevent the RLDS church from winning. • Trials by Fire: The church has faced significant physical challenges, including arson attacks in roughly 1900 and 1990 that destroyed their buildings. Additionally, an attempt to build a temple in 1929 created a massive excavation site that stalled during the Great Depression; the “ugly hole” remained until the city of Independence filled it in 1946, reportedly after it caught the attention of city officials who wanted to cover the hole when Harry Truman returned home to Independence from the US Presidenty. Unique Beliefs and Practices: • Scripture: The Church of Christ (Temple Lot) rejects the Doctrine and Covenants, viewing the changes made to revelations as unauthorized; instead, they adhere strictly to the 1833 Book of Commandments. • Leadership: They do not have a single church president but are led by a Council of Apostles. • Worship: Their services include the use of a “common cup” for the sacrament (restricted to baptized members) and the practice of the entire congregation kneeling for prayers. Women generally do not speak or pray during worship services. Current Status: Despite their small size—estimated at roughly 1,000 members in the U.S. and Canada—the church maintains active missionary work, with growing congregations in the Yucatan, the Philippines, and Kenya. They remain the guardians of the physical “Temple Lot” in Independence to this day. Jean has written “Upon the Temple Lot.” Check out the book for more information.

This week, we celebrated Presidents Day, which makes it a fitting time to recognize one of America's most underrated presidents. Herbert Hoover presided over the onset of the Great Depression and is widely viewed as the inferior predecessor to Franklin D. Roosevelt. But, as host Megan McArdle explains, that judgment is unfair to Hoover. It also reflects a larger problem: the assumption that a president can singlehandedly fix or wreck the economy.Subscribe to The Washington Post here.

The boys drink and review Sierra Nevada's Narwhal Imperial Stout, then discuss the obligation of the government to provide for the poor and how such efforts inevitably degrade into graft, corruption, and abuse -- like what we see in Minneapolis right now. There have always been poor people, and there has always been an obligation to help the less fortunate. In the past, much of that work was done by churches. The big transformation in government-run charity followed the Great Depression, where masses of unemployed men threatened to riot. So-called "welfare" system only got bigger over time, especially under President Johnson. At first, public assistance was just for the elderly, widows, and orphans. Today, an enormous percentage of the population gets some type of government benefit. The trouble is, whenever there's money changing hands, people try to get in on it and put themselves in the middle so they can get their cut. Charity is no exception. Unscrupulous actors find ways to cheat and rob the system. The extent of the cheating, stealing, and fraud is almost beyond belief. But rather than monitoring and preventing it, public officials turn a blind eye. It makes you wonder whether welfare systems are designed to help the poor, or are just slush funds for politicians to bribe their cronies.

The balance of global power changed profoundly over the course of the twentieth century, above all with the economic and political rise of Asia. Asia after Europe: Imagining a Continent in the Long Twentieth Century (Harvard UP, 2024) is a bold new interpretation of the period, focusing on the conflicting and overlapping ways in which Asians have conceived their bonds and their roles in the world. Tracking the circulation of ideas and people across colonial and national borders, Sugata Bose explores developments in Asian thought, art, and politics that defied Euro-American models and defined Asianness as a locus of solidarity for all humanity.Impressive in scale, yet driven by the stories of fascinating and influential individuals, Asia after Europe examines early intimations of Asian solidarity and universalism preceding Japan's victory over Russia in 1905; the revolutionary collaborations of the First World War and its aftermath, when Asian universalism took shape alongside Wilsonian internationalism and Bolshevism; the impact of the Great Depression and Second World War on the idea of Asia; and the persistence of forms of Asian universalism in the postwar period, despite the consolidation of postcolonial nation-states on a European model.Diverse Asian universalisms were forged and fractured through phases of poverty and prosperity, among elites and common people, throughout the span of the twentieth century. Noting the endurance of nationalist rivalries, often tied to religious exclusion and violence, Bose concludes with reflections on the continuing potential of political thought beyond European definitions of reason, nation, and identity. Sugata Bose is Gardiner Professor of Oceanic History and Affairs, Harvard University. Lucas Tse is Examination Fellow at All Souls College, Oxford University. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

The balance of global power changed profoundly over the course of the twentieth century, above all with the economic and political rise of Asia. Asia after Europe: Imagining a Continent in the Long Twentieth Century (Harvard UP, 2024) is a bold new interpretation of the period, focusing on the conflicting and overlapping ways in which Asians have conceived their bonds and their roles in the world. Tracking the circulation of ideas and people across colonial and national borders, Sugata Bose explores developments in Asian thought, art, and politics that defied Euro-American models and defined Asianness as a locus of solidarity for all humanity.Impressive in scale, yet driven by the stories of fascinating and influential individuals, Asia after Europe examines early intimations of Asian solidarity and universalism preceding Japan's victory over Russia in 1905; the revolutionary collaborations of the First World War and its aftermath, when Asian universalism took shape alongside Wilsonian internationalism and Bolshevism; the impact of the Great Depression and Second World War on the idea of Asia; and the persistence of forms of Asian universalism in the postwar period, despite the consolidation of postcolonial nation-states on a European model.Diverse Asian universalisms were forged and fractured through phases of poverty and prosperity, among elites and common people, throughout the span of the twentieth century. Noting the endurance of nationalist rivalries, often tied to religious exclusion and violence, Bose concludes with reflections on the continuing potential of political thought beyond European definitions of reason, nation, and identity. Sugata Bose is Gardiner Professor of Oceanic History and Affairs, Harvard University. Lucas Tse is Examination Fellow at All Souls College, Oxford University. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/east-asian-studies

SHOW SCHEDULE 2-13-20261909 BENGAL1.Jeff Bliss discusses Governor Newsom's mixed popularity in California, highlighting failures in housing affordability, rising homelessness, and the costly, delayed high-speed rail project undermining his national ambitions.2.Jeff Bliss reports on Las Vegas's growth as Californians relocate there, the continued success of In-N-Out Burger, and the irony of California's beautiful weather amidst persistent economic troubles.3.Jeff Bliss and Brandon Weichert debate the AI boom, predicting a market correction followed by a second wave where robotics and AI integration fundamentally transform the global economy.4.Conrad Black reflects on former Prime Minister Stephen Harper's conservative achievements and analyzes current leader Pierre Poilievre's similar but more comprehensive vision to rescue Canada's stagnating economy.5.Veronique de Rugy of the Mercatus Center analyzes tensions between the President and the Federal Reserve, warning against fiscal dominance where political pressure regarding debt forces the Fed to lower rates.6.Jim McTague describes Lancaster County's freezing tundra weather, inflation impacting Valentine's Day sales, and a significant financial windfall for local government from a new data center.7.Michael Munger reviews George Selgin's book False Dawn, arguing that regime uncertainty from FDR's arbitrary New Deal policies hindered investment and actually prolonged the Great Depression.8.Michael Munger explains how post-WWII economic recovery defied Keynesian predictions of doom due to the removal of government controls and a massive release of pent-up consumer demand.9.Josh Rogin discusses the trade conflict between the US and India, noting that tariffs were used as leverage regarding Russian oil and Modi's diplomatic de-risking from Washington.10.Josh Rogin analyzes the reopening of trade between Washington and Delhi, suggesting India is returning to a non-aligned strategy despite improved relations and adjusted tariff rates.11.Bill Roggio and Caleb Weiss of the Long War Journal discuss a sophisticated Islamic State drone attack on an airfield in Niger, highlighting security failures by the Russian Africa Corps that replaced US forces.12.Bill Roggio and Caleb Weiss provide updates on Somalia including relative success against Al-Shabaab leadership, while reports confirm Russian deceptive recruitment of Africans for the war in Ukraine.13.Henry Sokolski of the Nonproliferation Policy Education Center analyzes the crumbling Non-Proliferation Treaty, citing Iran's inspection violations and China's nuclear expansion as critical challenges for the upcoming international review conference.14.Henry Sokolski critiques the chaotic government response to a balloon over El Paso, arguing the incident exposes dangerous coordination flaws in America's homeland security apparatus and interagency communication.15.Bob Zimmerman of Behind the Black contrasts SpaceX's routine success with ULA's technical struggles, attributing the booming private space sector and massive investments to a shift toward capitalist models.16.Bob Zimmerman covers ESA's fast-tracked Apophis asteroid mission, a commercial attempt to resÅcue a NASAtelescope, and the contrasting regulatory environments of the UK and New Zealand for space launches.Å

Michael Munger reviews George Selgin's book False Dawn, arguing that regime uncertainty from FDR's arbitrary New Deal policies hindered investment and actually prolonged the Great Depression.1945 DOJ

The Great Depression inflicted an apocalyptic financial struggle on American cities, driving unemployment to a staggering 25%.  While urban areas faced widespread unemployment, poverty, and food scarcity, the Great Plains were grappling with an equally devastating crisis: the Dust Bowl, a disaster of epic proportions. Short-sighted farming practices and historic droughts led to a decade of soil erosion, creating a series of suffocating dust storms that triggered a mass exodus from the region. Learn more about the Dust Bowl, its causes, and its impact on Everything Everywhere, Daily. Sponsors Quince Go to quince.com/daily for 365-day returns, plus free shipping on your order! Mint Mobile Get your 3-month Unlimited wireless plan for just 15 bucks a month at mintmobile.com/eed Subscribe to the podcast!  https://everything-everywhere.com/everything-everywhere-daily-podcast/ -------------------------------- Executive Producer: Charles Daniel Associate Producers: Austin Oetken & Cameron Kieffer   Become a supporter on Patreon: https://www.patreon.com/everythingeverywhere Discord Server: https://discord.gg/UkRUJFh Instagram: https://www.instagram.com/everythingeverywhere/ Facebook Group: https://www.facebook.com/groups/everythingeverywheredaily Twitter: https://twitter.com/everywheretrip Website: https://everything-everywhere.com/  Disce aliquid novi cotidie Learn more about your ad choices. Visit megaphone.fm/adchoices

In this conversation, Andrew Ross Sorkin discusses his new book '1929: Inside the Greatest Crash of Wall Street History and How It Shattered a Nation', exploring the parallels between the events of 1929 and today's economic landscape. He delves into the process of writing the book, the historical patterns of market manipulation, and the lessons learned from government responses to financial crises. Sorkin also reflects on the current state of the market, the role of optimism in investing, and the accountability of CEOs in today's political climate. Takeaways: People look to history to understand the present. The story of 1929 has parallels to today's economic issues. Writing a book requires extensive research and dedication. Market manipulation in 1929 was shocking and legal at the time. Modern equivalents of market manipulation exist in crypto. Government failures in 1929 led to the Great Depression. Lessons from 2008 show the importance of government intervention. CEOs are often reluctant to speak out against political issues. Optimism has historically been more profitable than skepticism. Investing in the S&P index is a sound long-term strategy. Learn more about your ad choices. Visit megaphone.fm/adchoices

Just outside of Columbus, Ohio, in the early summer of 1929, two teenage boys set out to settle a friendly argument over who was the better shot. The sky was clear after a night of rain—and the world was only months away from the Great Depression. But that morning, in a field known to locals […] The post Shirt-Tail Alley: The Murder of Theora Hix appeared first on Tiegrabber.

The Great Depression was, as Professor John Moser puts it, the result of a perfect storm. So what brought it on? What was it like to live through it? And could it have been prevented in any way?In this second episode of our series on America's Darkest Hours, we are examining the disastrous fall out of the great depression with John Moser. John is a Professor at Ashland University and author of 'Global Great Depression and the Coming of World War II'Edited by Aidan Lonergan, produced by Sophie Gee. Senior Producer was Freddy Chick.Sign up to History Hit for hundreds of hours of original documentaries, with a new release every week and ad-free podcasts. Sign up at https://www.historyhit.com/subscribe.  All music from Epidemic Sounds.American History Hit is a History Hit podcast. Hosted on Acast. See acast.com/privacy for more information.