Podcasts about hedonic

Description: Everyone wants to be happy. We shop, snack, scroll, and self-medicate trying to get there. But when you’re living with an autoimmune condition, happiness isn’t just bubble baths and affirmations — it’s having energy, clarity, and a body that doesn’t betray you. In this episode, we’re breaking down the two kinds of happiness: the quick hit and the deep-rooted. Hedonic vs. eudaimonic. Let’s talk about what kind of happy actually helps you heal. Watch https://youtu.be/hr_P69ucljE

Description: Everyone wants to be happy. We shop, snack, scroll, and self-medicate trying to get there. But when you’re living with an autoimmune condition, happiness isn’t just bubble baths and affirmations — it’s having energy, clarity, and a body that doesn’t betray you. In this episode, we’re breaking down the two kinds of happiness: the quick hit and the deep-rooted. Hedonic vs. eudaimonic. Let’s talk about what kind of happy actually helps you heal. Watch https://youtu.be/hr_P69ucljE

Today, we talk about happiness. Is happiness a choice? Is it a skill? Is it a set of practices? Is it all those things? What's the difference between happiness and fulfilment or well-being? I am thrilled to welcome Dr. Mark Fabian to the show. Mark is a professor of public policy at the University of Warwick in the United Kingdom. He was previously a Fulbright scholar. He studies well-being from an interdisciplinary lens. Mark is also the author of a fabulous new book called Beyond Happy -  How to Rethink Happiness and Find Fulfilment. So, we talk all about that in this episode, including what happiness is, the foundations of happiness, success and its hidden costs, relationships, happiness and the decisions we make, and something very important today -  happiness and confronting nihilism. Show notes: Mark Fabian Beyond Happy -  How to Rethink Happiness and Find Fulfilment. Theory of Subjective Well-being Hedonic treadmill Introjection Intrinsic motivation Extrinsic motivation Moneyball Sonya Lyobomirsky Epicureanism Laurie Santos Jonathan Haidt Cyber punk _ _ _ _ _ _ _ _ _ _ Learn more about The Decision-Making Studio: https://thedecisionmaking.studio/ All our podcast episodes are here: https://thedecisionmaking.studio/podcast  Our latest newsletter: https://us19.campaign-archive.com/?u=f19fc74942b40b513cf66af32&id=cbd8d34efe Get in touch: https://thedecisionmaking.studio/contact-us  

We explore the science of "hedonic forecasting"—our often-flawed ability to predict future happiness—and share strategies to make better life decisions. We debate the right approach to a “task cascade.” Plus, as part of #Read25in25, we discuss hacks for doing more reading. Finally, an answer to the burning question: What will my family name our new dog? Resources & Links Related to this episode: Order your copy of Secrets of Adulthood Join me on book tour starting April 1, 2025 Read 25 in 25 Elizabeth is reading: The Spy Coast by Tess Gerritsen (Amazon, Bookshop) Gretchen is reading: Sun City by Tove Jansson (Amazon, Bookshop) Get in touch: podcast@gretchenrubin.com Visit Gretchen's website to learn more about Gretchen's best-selling books, products from The Happiness Project Collection, and the Happier app. Find the transcript for this episode on the episode details page in the Apple Podcasts app. See omnystudio.com/listener for privacy information.

Loss, grief, even a pause you didn't ask for. This edition of Doing What Works is a search for better ways of appreciating what you have.Here are your show notes…Why do Jeep drivers have rubber ducks on their dashboards?The Panorama of the City of New York.How Tim Urban stops tossing and turning.Hedonic adaptation is why you aren't happier.Outer weather versus inner weather.

0:00- Intro1:00- CGM and Peter Attia's recommendations11:00- Lipids. LDL, ApoB24:00- Hedonic eating31:00- Our super power to manipulate weight33:00- Health ramifications of excess junk food37:00- Exercise “snacks” and intermittent exercising40:00- Levels of enjoyment from food49:00- Hunger and appetite55:30- Calorie cycling59:30- What it takes to maintain peak physique and performance1:01:00- Low volume training1:20:00- Aaron's PED update

In this episode of The Liquidity Event: Money & Finance with AJ and Shane, we explore how demographics shape friendship networks, examine Elon Musk's exaggerated claims about DOGE savings, and answer a retirement planning question from a business owner.  Key Timestamps:  0:34 - Introduction and episode topics 1:55 - Mexico City update and lifestyle chat 3:17 - Billionaire Brian Johnson's extreme anti-aging efforts 6:18 - AJ's Certified Exit Planning Advisor (CEPA) designation 9:04 - Hedonic vs. eudaimonic happiness discussion 12:21 - How demographics and education affect friendship patterns 16:18 - Analysis of gathering spaces and COVID's impact on socializing 21:22 - DOGE's questionable $55 billion savings claims 24:24 - Concerns about public lands and national parks 25:24 - Reddit Q&A: Should you contribute to self-employed 401k or Roth 401k?  

Here I offer a guided meditation through the body and feeling tones. as presented by Ven. Bhikkhu Analayo. In this practice we explore our experience of our body through the skin, flesh, bones, and the elemental qualities of the body: Earth, Water, Fire, and Air. We are then invited into the feeling tones inherent in the human experience. Then we rest deeply in the body and from that deep state of bodily rest, we observe the activity of the mind and heart. By observing in a non-judgemental was we might come to notice how the contact in the body leads to a feeling tone which leads to thoughts, emotions, and moods.With practice, this practice can lead one to a deeper sense of present moment awareness, and to recognize the not-self aspect of our physicality.Meditation can be challenging at times. Occasionally we may experience things which surprise as a result. If you have any questions or concerns in regards to this, or other meditation practices, please feel free to message me through my website: www.suchsweetthunder.org

Reliable heat, hot water on demand, level surfaces. These are a few of my favorite things, and I no longer take them for granted. What about you? How would you like a gratitude-packed edition of Doing What Works?Here are your show notes…Barbara Sher said the passage of time drives you crazy when you know you're not using it right.Do you take technology for granted?Hedonic adaptation is a way of taking things for granted.

Summary In this episode of The Humans vs Retirement Podcast is get to chat with Susan Latremoille Susan is a certified Retirement Coach (CPRC) and the author of The RichLife – Managing Wealth and Purpose, It's Not Just about the Money – The Whole Life Approach to Wealth Management, and co-author – Thriving Throughout Your Retirement Transition.  Susan spent over 35 years as a wealth advisor assisting clients to financially plan for their retirement. She saw a common thread among her clients. Having enough money to retire was only a piece of the retirement puzzle. It was the non-financial side that had the greatest impact on the predictability of a successful retirement. That's when Susan decided to launch next chapter lifestyle advisers, a retirement lifestyle consulting business that helps individuals and families create a retirement lifestyle plan   In our conversation Susan discusses her transition from a financial advisor to focusing on the non-financial aspects of retirement planning through her company, Next Chapter Lifestyle Advisors. She shares insights on the importance of understanding your life journeys and the concept of a 'rich life' that encompasses living well, giving back, and leaving a legacy.   Susan introduces the idea of a happiness portfolio, which includes eight non-financial areas of life that contribute to a fulfilling retirement. Our conversation emphasizes the need for a holistic approach to retirement planning that goes beyond numbers to include personal fulfillment and purpose.   Susan and I discuss the multifaceted aspects of retirement, emphasizing the importance of leisure, the dynamics of relationships, and the necessity of planning for a fulfilling next chapter in life. We explore the challenges retirees face in managing their time, setting boundaries, and maintaining social connections, while also advocating for a shift in perspective from traditional retirement to a more vibrant and purposeful next chapter.  Key Takeaways Many retirees are not as happy as they expected. Understanding the life journey is crucial for retirement planning. The rich life mantra includes living well, giving back, and leaving a legacy. Purpose is essential for a fulfilling life after retirement. A happiness portfolio consists of eight non-financial areas of life. Retirement can bring challenges in personal relationships. Leisure is just one aspect of a fulfilling retirement. Self-understanding is the first step in retirement planning. Accountability is key to implementing a retirement plan. Leisure is a vital part of retirement planning. Changing relationships require open communication. Hedonic adaptation can diminish the joy of leisure activities. Structuring time is essential for a fulfilling retirement. The retirement honeymoon phase should be managed carefully. Setting boundaries is crucial to avoid overcommitment. Planning for the next chapter is as important as financial planning. Retirement should be reframed as a new beginning. Storytelling is more impactful than numbers in retirement planning. Communication about expectations can enhance family dynamics Sound Bites "Live well, give back, leave a legacy." "Purpose is a human need that we all need." "It's a very individual journey." "Leisure is such a vital part." "You need to really think about it." "It's vital to communicate your boundaries." "We need to retire the word retirement." "We are storytellers over spreadsheets." "Make a plan for your next chapter." Chapters 00:00 - Introduction to Next Chapter Lifestyle Advisors 05:23 - The Shift from Financial to Non-Financial Planning 10:31 - Understanding the Rich Life Mindset 17:00 - Building a Happiness Portfolio for Retirement 24:50 - The Importance of Leisure in Retirement 27:13 - Navigating Changing Relationships 29:47 - The Reality of Leisure Activities 33:01 - Structuring Time in Retirement 35:57 - The Retirement Honeymoon Phase 38:56 - Setting Boundaries and Communication 43:06 - Reframing Retirement: A New Perspective Links Next Chapter Lifestyle Advisors Susan's book 9 Steps to a Rich Life in Retirement The Super Sunday Retirement Roundup Newsletter The Skill of Spending Money in Retirement Whitepaper The Humans vs Retirement Sketchstore Book in a Time For us to Chat About Your Retirement

(Insight Meditation Society - Retreat Center) Hedonic tone (vedanā) as a feature of human experience is the major factor in governing involuntary attention – vedanā rules much of our attention. The reflections unpack the role of feeling tone on attention, intention and the cultivation of mindfulness. Learning to cultivate attention beyond gratification and avoidance and to uncouple attention from pleasant or unpleasant feeling tone.

(Insight Meditation Society - Retreat Center) Hedonic tone (vedanā) as a feature of human experience is the major factor in governing involuntary attention – vedanā rules much of our attention. The reflections unpack the role of feeling tone on attention, intention and the cultivation of mindfulness. Learning to cultivate attention beyond gratification and avoidance and to uncouple attention from pleasant or unpleasant feeling tone.

In this episode of The Inspire Podcast, Bart speaks with Khe Hy about the power of stories and how leaders can unlock their inner storyteller. Bart learns how Khe left a successful career on Wall Street and turned his self-reflection into a highly read newsletter on career, money, life, and a wide range of other topics. Khe explains why so many stories suck, what qualities make for engaging stories, and how to put storytelling into action with authenticity, vulnerability and intention. Tune in for practical tips and inspiring insights to help you harness the art of storytelling. Learn more about Khe at https://radreads.co and connect with him on LinkedIn and TikTok: https://www.linkedin.com/in/khehy/ https://www.tiktok.com/@radreadsco Show Notes: 0:43 Welcoming Khe 2:09 Storytelling ability 2:40 Khe tells his story 6:21 What led him to quit his job? 7:59 The Hedonic adaptation 9:41 Entrepreneurs have this messed up wiring 10:09 Designing life from first principles 12:08 Early writing successes 12:30 What's your "number"? 13:08 The fisherman and the banker 14:30 Writing personal articles on the block 16:11 Story about losing hair 16:57 Storytelling is key for leaders - so why do they often suck at it? 21:19 Why are business leaders bad at storytelling? 22:08 Emotional resonance 22:26 Things that make a good story 24:32 Conflict 25:04 3 things to become a better storyteller 28:07 Open your eyes 28:19 Stories are everywhere 29:04 Bitcoin story 30:32 Go into your own life to find stories 32:38 Practice telling stories 33:39 It's really fun! 35:19 Have a diverse set of inputs 35:44 Ask ChatGPT 38:11 Profiles of famous people have good stories 39:35 Storytelling is a skill 40:16 How to find out more about Khe

Hedonic adaptation is the tendency to return to a relatively stable level of happiness. Good things happen and we may be happy but over time, we return to our baseline of happiness. Bad things happen and we may be upset, sad, or angry but over time, we return to our baseline of happiness. If that's the case, are we stuck where we are? In this episode, I talk about Hedonic Treadmill, it's similarities and differences from habituation, and some things we can do to actually shift out baseline level of happiness.   Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.   

In my last episode, I spoke about my cycling trip to Taiwan. While there, I had a lot of time alone to think to myself with no distractions. In this episode today, I'm going to share some of the things I was thinking about.One of these was the idea of Hedonic Adaptation (also known as the Hedonic Treadmill). This is something that we all face as humans and might just be the key to understanding how to be happy and content.It's a really useful topic when it comes to being happy with what you have and not always feeling bad about what you don't - such as feeling bad for not being good enough at English. Let's find out more.Show notes page - https://levelupenglish.school/podcast299Modem FuturaModem Futura is your guide to the bold frontiers of tomorrow, where technology,...Listen on: Apple Podcasts SpotifySign Up for Free Lessons - https://www.levelupenglish.school/#freelessonsJoin Level Up English - https://courses.levelupenglish.schoolBy becoming a member, you can access all podcast transcripts, listen to the private podcast and join live lessons and courses on the website.

In this episode, Kari Schneider dives into the fascinating world of Hedonic vs. Eudaimonic Happiness. Kari shares a personal story about overeating to uncover why many of us chase short-term pleasures and miss out on deeper, lasting happiness. You'll learn the differences between pleasure-seeking happiness (hedonic) and purpose-driven fulfillment (eudaimonic), backed by research from the likes of Ryan & Deci and insights from the Harvard Grant Study. Takeaways include actionable tips on how to align your daily actions with long-term happiness and reflections on balancing life's pleasures with meaningful goals. If you want more joy, health, and a stronger sense of purpose, this episode is for you!   The Empowered Team is your ticket to your next level - learn more via the link below:   https://bit.ly/TheEmpoweredTEAM

Got food chatter going all day long? Let's quiet the food noise! We age in a more accelerated way at certain points in our life – when are these and what can we do about this dynamic? Tune in, find out!   LET'S TALK THE WALK! ***NEW*** Facebook Group for Our Community! Join here for support, motivation and fun! Wellness While Walking Facebook page Wellness While Walking on Instagram Wellness While Walking on Twitter Wellness While Walking website for show notes and other information wellnesswhilewalking@gmail.com RESOURCES AND SOURCES (some links may be affiliate links) FOOD NOISE + AGING ISN'T LINEAR This Is Your Brain on Food: An Indispensable Guide to the Surprising Foods that Fight Depression, Anxiety, PTSD, OCD, ADHD, and More Aging Occurs in Dramatic Bursts at 44 and 60, Study Shows, womenshealthmag.co/uk A Narrative View of the Construct of Hedonic hungr and its Measurement by the Power of Food Scale, nih.gov Undulating Changes in Human Plasa Proteome Profiles Across the Lifespan, nih.gov “Ageotypes” Provide Window into How Individuals Age, Stanford Study Reports   HOW TO RATE AND REVIEW WELLNESS WHILE WALKING How to Leave a Review on Apple Podcasts on Your iOS Device 1.   Open Apple Podcast App (purple app icon that says Podcasts). 2.   Go to the icons at the bottom of the screen and choose “search” 3.   Search for “Wellness While Walking” 4.   Click on the SHOW, not the episode. 5.   Scroll all the way down to “Ratings and Reviews” section 6.   Click on “Write a Review” (if you don't see that option, click on “See All” first) 7.   Then you will be able to rate the show on a five-star scale (5 is highest rating) and write a review! 8.   Thank you! I so appreciate this!   How to Leave a Review on Apple Podcasts on a Computer  1.   Visit Wellness While Walking page on Apple Podcasts in your web browser (search for Apple Podcasts or click here)  https://www.apple.com/apple-podcasts/ 2.   Click on “Listen on Apple Podcasts” or “Open the App” 3.   This will open Apple Podcasts and put in search bar at top left “Wellness While Walking” 4.   This should bring you to the show, not a particular episode – click on the show's artwork 5.   Scroll down until you see “Rating and Reviews” 6.   Click on “See All” all the way to the right, near the Ratings and Review Section and its bar chart 7.   To leave a written review, please click on “Write a Review” 8.   You'll be able to leave a review, along with a title for it, plus you'll be able to rate the show on the 5-star scale (with 5 being the highest rating) 9.   Thank you so very much!! OTHER APPS WHERE REVIEWS ARE POSSIBLE Spotify Castbox Podcast Addict Podchaser Podbean Overcast (if you star certain episodes, or every one, that will help others find the show)  Goodpods   HOW TO SHARE WELLNESS WHILE WALKING Tell a friend or family member about Wellness While Walking, maybe while you're walking together or lamenting not feeling 100% Follow up with a quick text with more info, as noted below! (My favorite is pod.link/walking because it works with all the apps!) Screenshot a favorite episode playing on your phone and share to social media or to a friend via text or email! Wellness While Walking on Apple – click the up arrow to share with a friend via text or email, or share to social media Wellness While Walking on Spotify -- click the up arrow to share with a friend via text or email, or share to social media Use this universal link for any podcast app: pod.link/walking – give it to friends or share on social media Tell your pal about the Wellness While Walking website Thanks for listening and now for sharing! : )       DISCLAIMER Neither I nor many of my podcast guests are doctors or healthcare professionals of any kind, and nothing on this podcast or associated content should be considered medical advice. The information provided by Wellness While Walking Podcast and associated material, by Whole Life Workshop and by Bermuda Road Wellness LLC is for informational and entertainment purposes only. It is not intended to be a substitute for professional medical advice, diagnosis or treatment. Always seek the advice of your physician or other qualified health care provider with any questions you may have regarding a medical condition or treatment, and before undertaking a new health care regimen, including walking.     Thanks for listening to Wellness While Walking, a walking podcast and a "best podcast for walking"!  

Leave Health Bite a Feedback.Click This Link.Are you more of a marshmallow eater or a marshmallow waiter?

Ditch Perfect: A Guide to Embracing Wins and Boosting Your Happiness. We dig into the show archives to uncover the timeless topic of perfectionism. Hedonic adaption is a major reason we aren't as happy as we should be and relentlessly pursue the next thing without taking time to even reflect on the happiness we are seeking. Lessons from the episode: Balancing perfect with good enough When our work is better than we think it is Why we aren't as happy as we deserve The importance Recognising achievements Building more sustainable happiness When we ask ourselves why are we unhappy we often seek more things to solve our problems and jump onto the next things as quickly as possible. However, a big part of our unhappiness is this exact habit to relentlessly move on that we can't even experience joy when we do achieve something. This episode will help ground you in reality. Sponsors: ManScaped: Men's grooming at its best. 20% Off + Free Shipping - code 'GROWTH' - ManScaped.com/Growth ShortForm: Summaries of the world's best books. Free trial + 20% off - code 'PSYCHOLOGY' - ShortForm.com/Psychology SleepyClub: Doctor-approved natural sleeping aid that improves sleep quality. 20% discount - code 'GROWTH20' - SleepyClub.co.uk Meet Sam Free Call - Schedule Link Growth Mindset Psychology: Sam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Watch - YouTube (Growth Mindset) Website - GrowthMindsetPodcast.com Insta - SamJam.zen Newsletter - Expansive Thinking Newsletter examples When and What to Celebrate Is your work better than you think it is? Chapters: 00:00 Introduction to perfectionism and Celebrating Our Wins 03:09 Celebrating Successes 04:17 Perfectionism and Letting Go 06:41 The Concept of Bundling in Business 08:46 The Importance of Celebrating Achievements 10:17 The Struggles of Entrepreneurship 11:28 Prioritizing Celebrations for long-term success 14:21 Personal Achievement: Running an Ultra Marathon 17:40 Recognizing Your Own Successes that pass us by 18:54 Reflecting on 200 Episodes 20:51 Future Plans and New Projects 22:51 Conclusion and Call to Action Learn more about your ad choices. Visit podcastchoices.com/adchoices

(Insight Meditation Society - Retreat Center) Introduction to Vidana, conditioning of it, relation to citta

The illusion that your life is deeply flawed is fueled by the desire for what you don't have. We can develop an unpleasant distaste for our situation, a nagging sense that something isn't enough. This episode answers two main questions: Why is Life dysmorphia so common when objectively life has never been better? What can we do about it? Sponsor - Cozy Earth Luxury Bamboo sheets and Loungeware that become softer the more you use them. 35% off code 'GROWTH' - CozyEarth.com Sponsor - SleepyClub Doctor-approved natural sleeping aid that improves sleep quality. Safe to take every day. 20% discount code 'GROWTH20' - SleepyClub.co.uk Freebies Meet me - Free call Growth Mindset pod Sam Webster Harris explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Success and happiness is a state of mind unique to ourselves and is our responsibility to create. Watch - YouTube (Growth Mindset) Mail - GrowthMindsetPodcast(at)gmail.com Insta - SamJam.zen Chapters 00:00 The Pressure of Social Media Fame 01:10 The Pervasive Nature of Upward Comparison 02:12 Gratitude in Perspective 03:18 The Privilege of Modern Conveniences 05:24 The Illusion of "Enough" 06:45 Valuing Life Over Wealth 07:45 The 5-6 Minute Episode Challenge 08:04 Send Off Learn more about your ad choices. Visit podcastchoices.com/adchoices

“Through repetition, we manifest our intentions,”  says James Doty, M.D. James, a neurosurgeon, compassion researcher, and Stanford professor joins us to discuss the science of manifestation and how to get what you want by fine-tuning your intentions, including:  The biggest misconceptions about manifestation (~02:18) How to establish a manifesting baseline (~06:16) How to manage expectations when manifesting (~10:07) How to actually manifest wealth (~14:40) James's inspiring personal story (~16:20) Hedonic happiness vs. eudaimonic happiness (~23:53) The James Doty-approved manifestation method (~26:35) How your surroundings sabotage your manifestations (~31:32) How to identify your true intentions (~33:41) How neuroanatomy influences manifestation (~45:45) A final word of wisdom (~53:00) Visit shop.mindbodygreen.com to shop focus+ and use code FOCUSPOD for 20% off your first order. Cannot be combined with gift cards or other discount codes. Referenced in the episode: Doty's latest book Mind Magic: The Neuroscience of Manifestation and How it Changes Everything MRI results from longtime meditators The Harvard Study of Adult Development  Karen Armstrong's portfolio of books on religion ​​The Power of Positive Thinking by Norman Vincent Peele We hope you enjoy this episode, and feel free to watch the full video on YouTube! Whether it's an article or podcast, we want to know what we can do to help here at mindbodygreen. Let us know at: podcast@mindbodygreen.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is it dangerous to live in the past? Why is Disney remaking all of its classic movies? And why does Angela get sentimental over a cup of soup and a free roll?  SOURCES:Julie Beck, senior editor at The Atlantic.Danielle Campoamor, freelance writer and reporter.Kyle Chayka, staff writer at The New Yorker.Amelia Dennis, research associate in psychology at the University of Bath.Erica Hepper, lecturer in personality/social psychology at the University of Surrey.Lucy Hone, director of the New Zealand Institute of Wellbeing and Resilience.Imran Rahman-Jones, freelance journalist.Florence Saint-Jean, executive director of Global Trauma Research. RESOURCES:"Pancultural Nostalgia in Action: Prevalence, Triggers, and Psychological Functions of Nostalgia Across Cultures," by Erica Hepper, Constantine Sedikides, Bettina Zengel, et al. (Journal of Experimental Psychology: General, 2024)."From Rosy Past to Happy and Flourishing Present: Nostalgia as a Resource for Hedonic and Eudaimonic Wellbeing," by Erica Hepper and Amelia Dennis (Current Opinion in Psychology, 2023)."Locating Nostalgia Among the Emotions: A Bridge From Loss to Love," by Wijnand A.P. van Tilburg (Current Opinion in Psychology, 2023)."Hindsight is 2022: The Psychology Behind Our Cultural Nostalgia," by Kyle Chayka (Town & Country, 2022)."Why We Reach for Nostalgia in Times of Crisis," by Danielle Campoamor (The New York Times, 2020)."Mulan: Disney Remakes and the Power of Nostalgia During Coronavirus," by Imran Rahman-Jones (BBC, 2020)."The Three Secrets of Resilient People," by Lucy Hone (TEDxChristchurch, 2019)."When Nostalgia Was a Disease," by Julie Beck (The Atlantic, 2013). EXTRAS:Big Five Personality Inventory, by No Stupid Questions (2024).Zoom, by Istvan Banyai (1995).Peter and Wendy, by J. M. Barrie (1911).

Do you feel like there's always something that you want or desire? There's always a product "finish line" that you're working towards where you tell yourself "once I have ______ I'll finally be happy". If you find yourself in this familiar pattern, you're stuck on the hedonic hamster wheel. The hedonic hamster wheel is a metaphor for the human tendency to pursue one pleasure after another and it can be a viscious never-ending cycle that can derail your spending and finances if we don't take steps to actively slow it down or get off of it entirely.  In this week's episode of The Money Love Podcast we're diving into the phenomena of hedonic adaptation and breaking down how it impacts our consumption (in not so great ways). In this value-packed episode Paige is breaking down what hedonic adaptation is, how it impacts our consumption, real life examples that you might recognize in yourself, why our brains are wired this way, and the types of consumption that will keep you on and off the hedonic hamster wheel. Enjoy!   Work with Paige: Join the Overcoming Overspending Membership HERE Use code MLP30 at checkout to save $30 off your first month inside the membership   FREE RESOURCES: FREE MASTERCLASS: Why You Impulse Shop & How To Stop Get Paige's Money Recommendations Where you can find Paige online: Website: https://www.paigepritchard.com  IG: @overcoming_overspending TikTok: @overcoming_overspending Subscribe to Paige's YouTube Channel

Hello again my witchy friends, and thanks for tuning in to today's episode of The Fat Feminist Witch! Today's episode is a little different, because it's actually the first episode of a new show I've created called The Hedonic Tone, all about the goddess Voluptas, hedonism, and magical pleasure. This is a show with lisenced music, which is exclusive to Spotify, so while the episode shared here is music free for all to enjoy, you can find the full episode at HERE! . Connect with me: Website: ⁠⁠thefatfeministwitch.ca⁠⁠ Facebook: ⁠facebook.com/TheFatFeministWitch⁠ Twitter: ⁠⁠@fatfemnistwitch⁠⁠ Instagram: ⁠⁠@fatfeministwitch⁠⁠ Threads: @fatfeministwitch Patreon: patreon.com/thefatfeministwitch Get stickers, mugs, journals, and t-shirts up to size 5X on ⁠⁠my TeePublic store!⁠⁠ As always, the opening track is Back to the 90s by Douglas Mulvey! The intro, outro, and transition music heard in The Hedonic Tone is Dream Song No. 168 by Isaac Joel

In this episode, we delve into the intricate dynamics that shape how individuals perceive and derive pleasure from products over time. Hedonic adaptation, a process where the initial delight of a purchase diminishes with familiarity, poses a unique challenge for marketers seeking to sustain consumer joy beyond the point of sale. In this episode we unraveled the strategies and insights that empower marketers to navigate this psychological landscape, ensuring that the post-purchase experience remains a source of sustained delight for consumers long after the excitement of the initial acquisition fades. Behavioral Economics in Marketing Podcast | Understanding how we as humans make decisions is an important part of marketing. Behavioral economics is the study of decision-making and can give keen insight into buyer behavior and help to shape your marketing mix. Marketers can tap into Behavioral Economics to create environments that nudge people towards their products and services, to conduct better market research and analyze their marketing mix. Sandra Thomas-Comenole | Host | Marketing professional with over 15 years of experience leading marketing and sales teams and a rigorously quantitative Master's degree in economics from Rensselaer Polytechnic Institute. Check out her Linkedin profile here: Sandra Thomas-Comenole, Head of Marketing, Travel & Tourism

In this episode of the Daily Flow Podcast, we delve into the intriguing world of happiness and its relativity through the lens of two extreme life events: winning the lottery and becoming an accident victim. We explore how these life-altering experiences impact an individual's happiness and examine the concept of hedonic adaptation. Additionally, we draw connections with Stoicism, providing a Stoic perspective on achieving and maintaining a state of contentment regardless of external circumstances. ✅ Happiness is not solely determined by external events, but rather by our perceptions and reactions to them. ✅ Hedonic adaptation illustrates that our happiness levels tend to return to a baseline over time, despite major positive or negative events. ✅ Stoicism teaches us the importance of focusing on what is within our control and maintaining equanimity in the face of life's ups and downs. ✅ Cultivating a Stoic mindset can help individuals find a more stable and enduring form of happiness, rooted in virtue and inner peace.

What comes up when you think about dreaming bigger? Does it feel light, expansive, fun, or does it bring up fear, doubt or questions?I ran a live event in Melbourne last week and spent the day with incredible business owners on this theme of dreaming bigger.Join me for some reflections on what it means to dream bigger and use these to reflect on what dreaming bigger might look like for YOU.1 - Going bigger doesn't need to mean achieving, doing or having MORE, it can be deeper, richer, simpler2 - Going too big in terms of outcomes CAN be overwhelming and demotivating UNLESS you break it down into smaller parts3 - Achieving big goals is NOT what makes us happy. You won't necessarily be happier if you achieve your big dream. You'll probably be just about as happy as you are now. Hedonic adaptation and impact bias. BUT working towards goals DOES make you happy.4 - You can focus on what DOES make you happier now. Sleep, movement, time affluence, controlling your mind (meditation), relationships - we know these are important but it's only valuable if you are doing what you know5 - Knowing WHY you want what you want makes a big differencePrevious episodes:Create your vision: https://www.alignandattract.com/blog/109My Intuitive program: http://alignandattract.com/intuitiveShare your insights with me on Instagram: http://instagram.com/kerryrowett

There are as many ways to have a difficult relationship with food as there are ways to eat. It's hard to get conversations about these challenges right, but today we're taking the plunge and exploring the habit of eating when we're not hungry with psychiatrist Dr. Jud Brewer.  Dr. Rick, Forrest, and Dr. Jud start by discussing our often flawed approach to conversations about eating patterns, shame spirals, and the many problems with diets. They then move the conversation from what we eat to how we eat, applying Dr. Jud's work on habits and craving to the challenge of emotional eating. Specific topics include the neuroscience behind how our hunger cues and emotional cues get mixed up, common habit loops related to food, reward value and the importance of creating a prediction error, the nature of craving as wanting without liking, mindfulness-based tools, and how we can create a bigger, better offer for our brains. About our Guest: Dr. Jud Brewer is a psychiatrist, the director of research and innovation at Brown University's Mindfulness Center, a professor in Behavioral and Social Sciences at the School of Public Health and Psychiatry at the School of Medicine at Brown University, and a research affiliate at MIT. He's also the bestselling author of a number of books, including The Craving Mind, Unwinding Anxiety, and his most recent book The Hunger Habit. Disclaimer: If you struggle with a serious restrictive eating disorder like anorexia or bulimia nervosa, the material in this conversation will not support your needs. Please consider working with your doctor or mental health clinician, or using the free resources at www.nationaleatingdisorders.org. If you need immediate help, call the ANAD hotline at 1-888-375-7767. You can watch this episode on YouTube. Key Topics: 0:00: Introduction and disclaimer 2:40: The surprising finding from Jud's smoking cessation program 6:05: What Jud's new book is not about, and information vs. behavior 11:05: The mental health impact of dieting, and the problem with willpower 18:05: Hedonic hunger, and food-mood wiring 24:15: Bringing awareness to how we eat, and our cultural conditioning 31:50: Developing freedom of choice, and the MBSR raisin exercise 36:20: A walkthrough of mindful eating 44:25: When you don't want to let go of a behavior, and finding the bigger better offer 52:50: Kindness, curiosity, and other tools for improving interoception 57:00: Ways to find the bigger better offer 1:07:45: Caring for our future self 1:11:30: Recap Forrest is now writing on Substack, check out his work there.  Support the Podcast: We're now on Patreon! If you'd like to support the podcast, follow this link. Sponsors Get your stand on with UPLIFT Desk! Go to UPLIFT Desk.com/BEINGWELL for 5% off your order of one of their fantastic standing desks or office products. Join over a million people using BetterHelp, the world's largest online counseling platform. Visit betterhelp.com/beingwell for 10% off your first month! Want to sleep better? Try the Calm app! Visit calm.com/beingwell for 40% off a premium subscription. Trust your gut with Seed's DS-01 Daily Synbiotic. Go to Seed.com/BEINGWELL and use code 25BEINGWELL to get 25% off your first month.  Start each day right with IQBAR's bars, hydration mixes, and mushroom coffees. Just text BEINGWELL to sixty-four thousand (64-000) and get an exclusive offer of 20% off plus free shipping. Connect with the show: Subscribe on iTunes Follow Forrest on YouTube Follow us on Instagram Follow Forrest on Instagram Follow Rick on Facebook Follow Forrest on Facebook Visit Forrest's website

This week on It's Never About Money, I am joined by Associate Professor Lisa A. Williams. Lisa is a social psychologist whose research explores how emotions shape and are shaped by social processes. Specifically, her research focuses on the adaptive functions of positive social emotions such as pride and gratitude.      In our conversation, we explored well-being and the relationship between happiness and meaning. Lisa explains what hedonic well-being and eudaimonic well-being are, and why it is important to have a healthy balance of both. We also talk about the pursuit of more (income, things etc) and stress the importance of social relationships.     This was a thoroughly enlightening and thought provoking episode to record, so I hope you enjoy it!     FIND OUT MORE:     > Connect with Lisa on LinkedIn > Follow Lisa on Twitter: @williamslisaphd     ABOUT IT'S NEVER ABOUT MONEY:   Joe Stephan is a Financial Planner with Stephan Independent Advisory, based in Melbourne, Australia: www.siadvisory.com.au   It's Never About Money is powered by Stephan Independent Advisory: www.itsneveraboutmoney.com.au   It's Never About Money is a proud supporter of Cufa: https://www.cufa.org.au/   

There is a well known book for men called the second mountain by David Brookes.In the book he talks about this idea of men climbing their first mountain for Hedonic pleasure.And the second one for Eudaimonic pleasure and in the session we outline the difference between the two.This podcast is ideal for guys who are a little lost coming into their 30's/40's.EnjoyBen & Pete. >>>>>>>Join the Facebook group where we hang about daily: Join Here Are you a man in business and have a partner? Don't waste another second on trying to please everyone! Watch our 13min training w/Google doc cheat sheet - Watch Here Check out the website for events & program details: AwakenedMan Follow AMP Socials: LinkedIn | Instagram | Facebook | Youtube | Twitter Follow Pete: Instagram | Facebook Follow Ben: Instagram | Facebook

Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: Types of subjective welfare, published by MichaelStJules on February 2, 2024 on The Effective Altruism Forum. Summary I describe and review four broad potential types of subjective welfare: 1) hedonic states, i.e. pleasure and unpleasantness, 2) felt desires, both appetitive and aversive, 3) belief-like preferences, i.e. preferences as judgements or beliefs about value, and 4) choice-based preferences, i.e. what we choose or would choose. My key takeaways are the following: Belief-like preferences and choice-based preferences seem unlikely to be generally comparable, and even comparisons between humans can be problematic ( more). Hedonic states, felt desires and belief-like preferences all plausibly matter intrinsically, possibly together in a morally pluralistic theory, or unified as subjective appearances of value or even under belief-like preferences ( more). Choice-based preferences seem not to matter much or at all intrinsically ( more). The types of welfare are dissociable, so measuring one in terms of another is likely to misweigh it relative to more intuitive direct standards and risks discounting plausible moral patients altogether ( more). There are multiple potentially important variations on the types of welfare ( more). Acknowledgements Thanks to Brian Tomasik, Derek Shiller and Bob Fischer for feedback. All errors are my own. The four types It appears to me that subjective welfare - welfare whose value depends only or primarily[1] on the perspectives or mental states of those who hold them - can be roughly categorized into one of the following four types based on how they are realized: hedonic states, felt desires, belief-like preferences and choice-based preferences. To summarize, there's welfare as feelings (hedonic states and felt desires), welfare as beliefs about value (belief-like preferences) and welfare as choices (choice-based preferences). I will define, illustrate and elaborate on these types below. For some discussion of my choices of terminology, see the following footnote.[2] Hedonic states Hedonic states: feeling good and feeling bad, or (conscious) pleasure and unpleasantness/unpleasure/displeasure,[3] or (conscious) positive and negative affect. Their causes can be physical, like sensory pleasures and physical pain, or psychological, like achievement, failure, loss, shame, humour and threats, to name a few. It's unclear if interpersonal comparisons of hedonic state can be grounded in general, whether or not they can be between beings who realize them in sufficiently similar ways. In my view, the most promising approaches would be on the basis of the magnitudes of immediate and necessary cognitive or mental effects, causes or components of hedonic states. Other measures seem logically and intuitively dissociable (e.g. see the section on dissociation below) or incompatible with functionalism at the right level of abstraction (e.g. against using the absolute number of active neurons, see Mathers, 2022 and Shriver, 2022). Felt desires Felt desires: desires we feel. They can be one of two types, either a) appetitive - or incentive and typically conducive to approach or consummatory behaviour and towards things - like in attraction, hunger and anger, or b) aversive - and typically conducive to avoidance and away from things - like in pain, fear, disgust and again anger ( Hayes et al., 2014, Berridge, 2018, and on anger as aversive and appetitive, Carver & Harmon-Jones, 2009, Watson, 2009 and Lee & Lang, 2009). However, the actual approach/consummatory or avoidance behaviour is not necessary to experience a felt desire, and we can overcome our felt desires or be constrained from satisfying them. Potentially defining functions of felt desires could be their effects on attention and its control, as motivational salience, or incentive salience an...

On today's episode, Dr. Rick and Forrest focus on one of the most important skills we can learn: how we can become more aware of all the parts of our experience, avoid being captured by any one of them, and work with those parts more skillfully. One of the key tools we have for accomplishing this is vedanā, or the “feeling tone” of our experience. Author and meditation teacher Dr. Danny Penman joins the show to explore the role of vedanā, how we can help our brain interpret the world more accurately, and practical tools for relaxing suffering and enjoying life. About our Guest: Danny Penman is a meditation teacher, an award-winning writer and journalist, and the co-author of the classic Mindfulness with Dr. Mark Williams. Dr. Williams was one of the original creators of Mindfulness-Based Cognitive Therapy (MBCT). Mark and Danny are back with the new book Deeper Mindfulness: The New Way to Rediscover Calm in a Chaotic World. Forrest is now writing on Substack, check out his work there. Key Topics:0:00: Introduction1:40: How a major injury started Danny's professional relationship with mindfulness practice10:45: Vedanā, and unpacking the different aspects of our experience18:20: The sensations that precede our thoughts24:45: How the brain creates a model of reality, and whether that model is accurate29:40: How an undisciplined relationship with feeling tone creates unnecessary suffering37:00: Accepting a feeling vs. approving of a situation44:10: Practical steps to feeling our feelings48:00: Finding enjoyment in new habits, especially somatically57:50: RecapYou can watch this episode on YouTube.Support the Podcast: We're on Patreon! If you'd like to support the podcast, follow this link.Sponsors:Join over a million people using BetterHelp, the world's largest online counseling platform. Visit betterhelp.com/beingwell for 10% off your first month!Want to sleep better? Try the Calm app! Visit calm.com/beingwell for 40% off a premium subscription.Connect with the show:Subscribe on iTunesFollow Forrest on YouTubeFollow us on InstagramFollow Forrest on InstagramFollow Rick on FacebookFollow Forrest on FacebookVisit Forrest's website

Alan welcomes Dr. Martin Mendelson back to Very Dental to discuss the science of optimism! Did you know that optimism and positivity can influence our performance and ability to deliver great dental care? Martin asserts that an optimistic and positive mental outlook makes a difference in performance and experience in dentistry! Happiness vs. toxic positivity What is happiness? Practicing optimism and gratitude Moving through the bad stuff Coaching vs. therapy Hedonic adaptation Comparison is the thief of joy How to do time travel (scheduled send emails) Some links from the show: How Optimism Can Impact Diagnosis, Treatment Planning and Financial Success by Martin Mendelson Losado Ratio The Baader-Meinhof Phenomenon Martin Mendelson's website Spear Education Join the Very Dental Facebook group using the password "Timmerman," Hornbrook" or "McWethy," "Papa Randy" or "Lipscomb!" The Very Dental Podcast network is and will remain free to download. If you'd like to support the shows you love at Very Dental then show a little love to the people that support us! -- Crazy Dental has everything you need from cotton rolls to equipment and everything in between and the best prices you'll find anywhere! If you head over to verydentalpodcast.com/crazy and use coupon code “VERYDENTAL10” you'll get another 10% off your order! Go save yourself some money and support the show all at the same time! -- The Wonderist Agency is basically a one stop shop for marketing your practice and your brand. From logo redesign to a full service marketing plan, the folks at Wonderist have you covered! Go check them out at verydentalpodcast.com/wonderist! -- Enova Illumination makes the very best in loupes and headlights, including their new ergonomic angled prism loupes! They also distribute loupe mounted cameras and even the amazing line of Zumax microscopes! If you want to help out the podcast while upping your magnification and headlight game, you need to head over to verydentalpodcast.com/enova to see their whole line of products! -- CAD-Ray offers the best service on a wide variety of digital scanners, printers, mills and even  their very own browser based design software, Clinux! CAD-Ray has been a huge supporter of the Very Dental Podcast Network and I can tell you that you'll get no better service on everything digital dentistry than the folks from CAD-Ray. Go check them out at verydentalpodcast.com/CADRay!

We interview Dr. Robert Biswas-Diener, a leading authority on strengths, culture, courage, and happiness, about his extensive research in these areas and his pioneering work in the application of positive psychology to coaching. We explore the concept of psychological richness and its practical implications for improving our quality of life, the distinction between happiness and optimal happiness, and why self-reflection and engaging in difficult things is so important for improving our well-being. Dr. Robert Biswas-Diener is widely known as the “Indiana Jones of Positive Psychology” because his research has taken him to such far-flung places as Greenland, India, Kenya, and Israel. He has authored seven books, including the 2007 PROSE Award winner "The Courage Quotient," "Happiness," and the New York Times bestseller "The Upside of Your Dark Side," with Dr. Todd Kashdan, one of our first guests on Flourish FM. His most recent book is "Positive Provocation: 25 Questions to Elevate Your Coaching Practice," published in 2023. He has authored more than 60 peer-reviewed academic articles and chapters, two of which are “citation classics” (each cited more than 1,000 times).   Learn more and subscribe at flourishfmpodcast.com/robertbiswasdiener Robert's website: robertdiener.com   Follow us: YouTube @flourishfmcast Instagram @flourishfmpodcast TikTok @flourishfmpodcast Twitter @flourishfmcast Facebook @flourishfmcast LinkedIn @flourishfmpodcast   Time stamps: 01:49 - Optimal Happiness and Psychological Richness 03:09 - Defining Well-being and Happiness 04:42 - The Importance of Hedonic and Eudaimonic Aspects of Well-being 06:33 - Key Ingredients for Quality of Life 09:39 - Global Studies on Happiness 12:19 - Cultural Differences in Well-being 14:09 - Psychological Richness Across Cultures 16:17 - The Role of Distress Tolerance in Psychological Richness 18:18 - Clarifying Psychological Richness 20:44 - Emotional Agility and Psychological Richness 23:15 - The Balance of Positive and Negative Emotions 24:06 - The Role of Negative Emotions in a Full Life 25:25 - The Concept of Optimal Happiness 27:25 - Seeking Psychological Richness 28:54 - The Role of Negative Emotions in Psychological Richness 30:30 - Emotional Agility in Coaching 35:56 - Connecting Emotional Agility to Psychological Richness 36:59 - Transition to Discussing Positive Provocation 37:14 - Reflective Practice in Coaching 39:59 - Overview of Positive Provocation 40:40 - The Method of Reflective Practice in Coaching 45:01 - The Goal of Positive Provocation 00:45:26 - Psychological Richness as a Process 00:46:25 - The Importance of Reflective Practice 00:50:26 - Optimal Happiness in Achievement-Oriented Domains 00:53:14 - The Balance Between Satisfaction and Striving for More 00:53:54 - The Flourishing Question

(Insight Meditation Society - Retreat Center)

Juan and I are experiencing firsts & lasts with our loved ones, moments that may or may not be lost in time.In Episode #423 of 'Musings', Juan & I discuss: the connection between moments and memories, why the last time of something can also be the first of something else, our tricks for enjoying the good/bad moments of life, what Juan did after slipping on his driveway and how life journaling could alter our perception of reality. Massive thanks to Dave Jones & Cole McCormick for the support. Checkout the book review collab I did with Cole for 'The Inevitable' by Kevin Kelly: https://www.youtube.com/live/OtF73p1v48UTimeline:(0:00) - Intro(1:21) - What's a moment?(7:36) - Have we had more recently?(15:24) - Intentionally not remembering(20:48) - How to improve recall(32:52) - Boostagram Lounge(37:01) - Does technology change the game?(49:07) - Hedonic treadmill/adaptation(51:49) - Negatives hurt more(54:58) - Summary(57:22) - Juan enjoys pain(1:00:39) - Teasing for next week(1:02:57) - V4V: Time, talent & treasureValue 4 Value Support:Boostagram: https://www.meremortalspodcast.com/supportPaypal: https://www.paypal.com/paypalme/meremortalspodcastGet Some Sats: https://lightsats.com/tips/clo6iyhiq057sqx7u43h7wshw/claimConnect with Mere Mortals:Website: https://www.meremortalspodcast.com/Discord: https://discord.gg/jjfq9eGReUTwitter/X: https://twitter.com/meremortalspodInstagram: https://www.instagram.com/meremortalspodcast/TikTok: https://www.tiktok.com/@meremortalspodcastSupport the show

"In Selbstgemachtem steckt ein Stück von mir selbst." – Über den Wert des Unverfälschten, Ursprünglichen und Wahren in Zeiten von künstlicher Intelligenz und sozialen Medien. Was ist Echtheit? Was bedroht die Echtheit in der Gegenwart? Und wie können wir sie in unserem Leben fördern? In dieser Podcastfolge erkunden Sinja und Boris verschiedene Antworten auf diese Fragen.Wie gefällt dir Verstehen, fühlen, glücklich sein? Erzähle es uns hier.Boris und Sinja freuen sich weiter über deine Fragen und Sprachnachrichten an unsere Whatsapp-Nummer 01782039465. Hintergründe und Studien:Sinja und Boris gehen in dieser Folge unter anderem auf die Titelgeschichte des aktuellen Flowmagazins (Nr. 77) *Wie wir das Leben wirklich fühlen* von Christiane Stella Bongertz ein. Das Magazin ist seit dem 21.11.2023 im Handel und online erhältlich. Chae, J. (2018). Reexamining the relationship between social media and happiness: The effects of various social media platforms on reconceptualized happiness. _Telematics and Informatics_, _35_(6), 1656-1664. Link zur StudieHancock, J., Liu, S. X., Luo, M., & Mieczkowski, H. (2022). Psychological well-being and social media use: A meta-analysis of associations between social media use and depression, anxiety, loneliness, eudaimonic, hedonic and social well-being. _Anxiety, Loneliness, Eudaimonic, Hedonic and Social Well-Being (March 9, 2022)_. Link zur StudieValkenburg, P. M. (2022). Social media use and well-being: What we know and what we need to know. _Current Opinion in Psychology_, _45_, 101294. Link zur StudieTwenge, J. M. (2019). More time on technology, less happiness? Associations between digital-media use and psychological well-being. _Current Directions in Psychological Science_, _28_(4), 372-379. Link zur StudieUnsere allgemeinen Datenschutzrichtlinien finden Sie unter https://art19.com/privacy. Die Datenschutzrichtlinien für Kalifornien sind unter https://art19.com/privacy#do-not-sell-my-info abrufbar.

In this weeks message, Pastor Carl continued the “Flip the Script” message series by focusing on how to obtain peace in this world. Throughout history, the greatest minds came up with two general schools of though on how to flourish. The first was Hedonic. In this belief system, hedonism rules with its unabated consumption of vices to bring pleasure. The thought leaders of the day saw how destructive this was to both the person and society. They moved into a […] The post How to Get Peace Working : Psalm 36 appeared first on Revival Life Church Boca Raton, FL.

Today I speak with IFBB Pro Kendall Call, born and raised in Oregon but currently living in Tampa. She was involved in sports at a very young age and began training with a coach when she was 15. She became a personal trainer while in undergrad and went on to get her Master's in Nursing from Johns Hopkins while also starting to online coach as a side hobby. She had planned on competing in June of 2020 in her first show but it got canceled due to COVID. A year later, she did an 8 week prep while coaching herself. She won the overall at her first two shows, and decided to do Universe three weeks later and earned hoer Pro card!   In June of 2023, she quit her full-time nursing job to pursue her online coaching business after realizing that coaching was her passion. Kendall wants to bridge the gap between western medicine, fitness, and functional health.   TOPICS COVERED -struggles with confidence and depression -disordered eating patterns -fast road to Pro -unconventional prep -taking a long off season -struggles with reverse diets -habits for success in every season -being aware of thoughts -prioritizing health & hormones  -understanding lab work -transitioning from nurse to coach   CONNECT WITH CELESTE: Website: http://www.celestial.fit Instagram: https://www.instagram.com/celestial_fit/ All Links: http://www.celestial.fit/links.html CONNECT WITH KENDALL: Instagram: https://www.instagram.com/kendall.ifbbpro/ Coaching: https://www.firstcallcoaching.net/ TIME STAMPS 1:00 introduction 6:35 prepping with a support system 12:04 applying the knowledge she gained 14:55 improving posing and working with a coach 16:40 intentions with starting to compete 19:43 approach while working with a coach 24:10 Pro debut and a long off season 28:19 physiological changed in reverse 35:55 establishing non-negotiable habits 38:30 struggles with disordered eating 44:47 focuses in improvement season 48:20 normal versus optimal function  52:25 leaving nursing for functional medicine 56:40 going off birth control 61:39 deciding on focus on coaching 66:50 goals as a Pro 68:35 advice for competitors   CLICK HERE TO SIGN UP FOR THE FREE FOOD RELATIONSHIP COACHING SERIES   CLICK HERE TO SIGN UP FOR THE FREE POST SHOW BLUES COACHING SERIES   LEARN MORE AND APPLY FOR MY 5 WEEK FOOD RELATIONSHIP HEALING & DISCOVERY COACHING PROGRAM   FOR OTHER FREE RESOURCES, LIVE EVENTS, AND WAYS TO WORK WITH CELESTE CLICK HERE

Hedonic self-care involves activities that we find pleasurable. A massage or a nap or time spent with dear friends. Eudaimonic self-care includes those things we do not necessarily because they are pleasurable in the moment, but because they support our goals and objectives.  Things like getting our teeth cleaned, or doing meal prep ahead of a busy week, or spending time and money on a therapist or hiring a health coach. You could easily get the impression that eudaimonic self-care is better or more virtuous than hedonic self-care. But this is not the case. And I don't want you to forsake hedonic self-care as lesser than.Key Takeaways Try to maintain a balance between those things you do because they make you feel good in the moment and those things you do because they contribute to your long term well-being. Both are important to a fulfilling life. Cramming in a lot of peak experiences doesn't guarantee that you'll look back on your life and feel it was well-lived.  One way to waste time is to spend it doing things that don't really matter. But another way to waste time is to spend it living for an imaginary future.  Whether hedonic or eudaimonic, if it comes at the expense of your mental, physical, or financial wellbeing, it doesn't qualify as true self-care. MentionedEpisode 80: Rescuing Self-care from Consumer Culture4000 Weeks, by Oliver Burkeman30 Day Nutrition Upgrade ★ Support this podcast ★

On today's episode of the Flex Diet Podcast, I welcome the brilliant Dr. Gillian Mandrick to discuss the science of happiness. Dr. Mandrick, a health scientist from Western University, unravels the science behind happiness, from our personal values to our emotions. We discuss how we can leverage technology to gauge our happiness levels and we also tackle the role of fitness and lifestyle in our pursuit of lasting joy. If you enjoyed this podcast, you can get more from me at MikeTNelson.com/podcast. You can see all the other podcasts and guest episodes I've done. Then if you scroll down, you can subscribe to my Fitness Insider Newsletter.Episode Chapters:(0:00:01) - Finding Happiness Through Fitness(0:09:37) - Exploring Happiness, Purpose, and Hobbies(0:19:18) - The Element of Surprise(0:24:06) - The Connection Between Happiness and Goals(0:32:07) - Autonomy and Finding Happiness in Goals(0:40:48) - Understanding Happiness and Personal Values(0:47:27) - Embracing Emotions for Positive Experiences(0:55:49) - The Fascination With Happiness and ChallengesConnect with Dr. Mandich:WebsiteInstagramIn Dr. Mandich's words:"I'm a scientist on a mission to help people live their happiest life. I'm a published researcher; two-time TEDx speaker; the founder of The International Happiness Institute of Health Science Research; and you can often find me in the media on shows such as The Social, Marilyn Denis, Breakfast Television, and The Morning Show."

In this episode, Dr. Andrew Wilner shared insights into the world of locum tenens. He discussed how locum tenens, which means "placeholder" in Latin, involves physicians temporarily filling in for various medical roles, such as covering for vacations, maternity leaves, or staffing shortages. Dr. Wilner emphasized the flexibility and work-life balance that locum tenens offers, making it an attractive option for physicians seeking unique experiences and the freedom to explore different locations. Looking for something specific? Here you go! 00:01:00: Dr. Wilner's introduction to locum tenens 00:02:00: The definition of locum tenens 00:03:00: Compensation in locum tenens 00:05:00: Locum tenens and the doctor shortage 00:06:00: The impact of telemedicine on locum tenens 00:07:00: Dr. Wilner's locum tenens experiences 00:08:00: Flexibility and the lack of job security in locum tenens 00:09:00: The lack of ownership in modern medicine 00:10:00: The tax advantages of self-employment in locum tenens 00:11:00: Coping with changes in locum tenens positions 00:12:00: Locum tenens experiences in toxic work environments 00:13:00: The need for flexibility and self-confidence in locum tenens 00:14:00: The story of Dr. Wilner's locum tenens job with residents 00:15:00: Credentialing and the challenges of starting a locum tenens position 00:16:00: Onboarding processes for locum tenens physicians 00:17:00: Dr. Wilner's transition from locum tenens to permanent roles 00:18:00: The freshness of locum tenens work 00:19:00: Hedonic adaptation and locum tenens 00:20:00: A physician's perspective on locum tenens 00:21:00: Advice for physicians considering locum tenens 00:22:00: Dr. Wilner's final thoughts on locum tenens About Dr. Andrew Wilner: Dr. Wilner, an experienced Neurologist, guides physicians on the unconventional locum career path with courage, knowledge, and an adventurous spirit. His book bridges a gap in physician career support, offering practical advice to navigate the world of locum life. While some parts are US-specific, the book's global relevance resonates, making it an inspirational and useful resource for locum physicians worldwide.  Learn more about Dr. Wilner on his website.  Did ya know…  You can also be a guest on our show? Please email me at brad@physiciansguidetodoctoring.com to connect or visit www.physiciansguidetodoctoring.com to learn more about the show! Socials: @physiciansguidetodoctoring on FB  @physicianguidetodoctoring on YouTube @physiciansguide on Instagram and Twitter

“Hedonic adjustment” is a curse word among those who think that inflation figures are all scrubbed to look nice by the Bureau of Labor Statistics (if they are, the BLS did a pretty rotten job of it over the last couple of years!), but it is not nearly as sinister as you might think it is. In this episode, the Inflation Guy goes inside-baseball again to explain hedonic adjustment, and the offsetting effect that no one ever seems to complain about because it pushes inflation higher. It's okay to hate inflation, but don't blame hedonic adjustment! Or the Inflation Guy. He's just the messenger.   NOTES To Subscribe to Quarterly Inflation Outlook: https://inflationguy.blog/shop/ Podcast Callback: Ep. 4: The Making of an Inflation Index Website reference: BLS Link to Hedonic Adjustment Q&A Website reference: BLS Link to Hedonic Adjustment for Men's Suits Research reference: Johnson, D.S., S.B. Reed, and K.J. Stewart . 2006. “Price Measurement in the United States: a Decade Aftert he Boskin Report.” Monthly Labor Review 129 (5): 10–19.

Get our newsletter free here or text “GRE” to 66866. Are you curious about the direction of rents and property prices?  In this episode of Get Rich Education, host Keith Weinhold dives into the absolute 100% certainty of a housing crash and how mortgage rates affect home prices.  Keith is interviewed by Ken McElroy. He also shares the importance of real estate in reducing taxes and increasing income.  Keith discusses the attractive pricing and inflation in Ohio, and the benefits of investing in new build properties.  He even touches on the increasing gold purchases by central banks and the potential impact on personal finances.  Don't miss out on these valuable insights and learn about the prospects for a housing crash. Tune in now! Title [00:01:37] Advertisement for Freedom Family Investments An advertisement for Freedom Family Investments and the benefits of investing in real estate. Title [00:02:00] Introduction to Get Rich Education Keith White introduces the podcast episode and talks about the longevity and popularity of the show. Title [00:03:54] Real Estate Price Gains Since the Start of the Pandemic Keith White discusses the cumulative home price appreciation in different regions since February 2020. Title [00:12:33] Discussion on the attractiveness of real estate pricing and the impact on renters. Title [00:15:08] Keith's personal experience of starting with a fourplex and the concept of house hacking. Title [00:19:38] Exploring the house hack model as a solution to affordability issues and leveraging other people's money for real estate investment. Title [00:22:12] Investing Out of State The speaker discusses the benefits of investing in real estate out of state and the importance of choosing the right market and team. Title [00:24:58] Importance of Prioritizing Market and Team The speaker emphasizes the importance of prioritizing the market and team before considering the property in real estate investing. Title [00:27:19] Supply Crash vs Price Crash The speaker explains the significance of the housing supply crash that occurred in April 2020 and how it affects property prices and homelessness. Title [00:31:51] Inflation Measurement Challenges Discussion on the difficulty of accurately measuring inflation due to various factors such as personal preferences and hedonic adjustments. Title [00:34:05] Housing's Impact on Inflation and Interest Rates Exploration of the significant contribution of housing to the Consumer Price Index (CPI) and its implications for future interest rate changes. Title [00:35:38] Paradox of Rising Mortgage Rates and Home Prices Explanation of the counterintuitive relationship between rising mortgage rates and increasing home prices, with historical data supporting this trend. Title [00:42:28] Advantages of Investing in New Build Properties Discussion on why it makes more sense now to look at new build properties than in the recent past. Title [00:43:49] Feasibility of Building vs Buying in Different Markets Comparison of the cost per unit for acquiring existing properties versus building new ones in different markets. Title [00:46:28] Turnkey Rental Properties and Scarcity as an Investment Theme Exploration of the concept of turnkey rental properties and the importance of investing in scarce assets like real estate, gold, and bitcoin. Topic 1: Central banks buying gold [00:51:38] Discussion on how central banks are buying gold as a way to store value and hedge against the inflation and debasement of the US dollar. Topic 2: Increasing geopolitical uncertainty and gold [00:52:36] Exploration of how geopolitical events, such as trade agreements and conflicts, have led to increased uncertainty and a rise in the price of gold. Topic 3: Reasons why home prices won't crash [00:56:46] Explanation of several reasons why home prices are unlikely to crash, including a shortage of homes, strict lending guidelines, government intervention to prevent foreclosures, and the slowing of new home construction due to higher interest rates. Resources mentioned: Show Notes: www.GetRichEducation.com/456 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY' to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Speaker 1 (00:00:01) - Welcome to Get Rich Education. I'm your host, Keith Weinhold, with a crucial update on the direction of rents and property prices. Then a discussion between Ken McElroy and I where I posit to his audience about why a housing crash is 100% certain and why what mortgage rates do to home prices is exactly the opposite of what everyone thinks. And more today on Get Rich Education. Taxes are your biggest expense. The best way to reduce your burden is real estate. Increase your income with amazing returns and reduce your taxable income with real estate write offs. As an employee with a high salary, you're devastated by taxes. Lighten your tax burden. With real estate incentives, you can offset your income from a W-2 job and from capital gains freedom. Family Investments is the experience partner you've been looking for. The Real Estate Insider Fund is that vehicle. This fund invests in real estate projects that make an impact, and you can join with as little as $50,000. Insiders get preferred returns of 10 to 12%. This means you get paid first.   Speaker 1 (00:01:08) - Insiders enjoy cash flow on a quarterly basis, and the tax benefits are life changing. Join the Freedom Family and become a real estate insider. Start on your path to financial freedom through passive income. Text Family to 66866. This is not a solicitation and is for accredited investors only. Please text family to 66866 for complete details.   Speaker 2 (00:01:37) - You're listening to the show that has created more financial freedom than nearly any show in the world.   Speaker UU (00:01:44) - This is Get rich education.   Speaker 1 (00:02:00) - Working from Hot Springs, Arkansas, to Palm Springs, California, and across 188 nations worldwide. You're listening to one of America's longest-running and most listened to shows on real estate. This is Get Rich Education. I'm your host and my name is Keith Weinhold. And with 456 weekly episodes, you probably know that by now. Hey, I'm really grateful that you're here. Carefully chosen buy and hold Real estate is not day trading. Rather it is decade trading. Yeah. I'm a decade trader. Perhaps you're one two. You just haven't thought of it that way before.   Speaker 1 (00:02:41) - When I was recently with Ken McElroy in person in his studio in Scottsdale, Arizona, we produced a terrific media interview and conversation together that I'm going to share with you later today. But first, you know, it's not just you're out of control. Trader Joe's grocery bill. The entire world seems to be losing its battle with inflation. U.S inflation is still double where the powers that be want it. The UK recently stunned markets will need jacked up interest rates a half point to the highest level in 15 years. The ECB, Australia, Canada, Switzerland and Norway. They have all announced recent rate hikes. But Turkey Turkey is raising rates and astounding. 6.5%. Yeah, you heard that right. 6.5% all in one fell swoop. That's how much interest rates are going up there. Yet many say that it's not enough for them to get on top of their wildly out of control inflation. Now, let's get into a few real estate numbers here before my fantastic chat with real estate influencer in Great Guy Ken McElroy.   Speaker 1 (00:03:54) - Now here's a great set of real estate numbers since inflation has hit real estate too. Okay, we'll talk about rents in a moment, but let's talk price first with credit to John Burns, Real Estate Consulting. Let's look at American real estate price gains since the start of the pandemic. Okay. So this is not annual. This is cumulative starting in February of 2020 up to today. Here we go. There is a national home price appreciation figure and then it's broken into ten regions. And I think this regional breakup is kind of quirky, and I'll tell you why in a moment. But nationally, since the start of the pandemic, national real estate is up 36%. But let's stop and think about what that means for a moment. Well, since that time, February 2020, which is when these figures are all tracked back to, has the real rate of inflation also been 36%? I'll just say that the answer is yes. Well, then real estate has no inflation adjusted gain in all that time.   Speaker 1 (00:05:03) - Well, here are the ten regions cumulative gain since that time. Okay. Going from lowest to highest, Northern California is up 27%. The Northeast up 29%. The northwest is up 32%. Southern California up 33% cumulatively since that time, about three and a half years here. The Midwest is also up 33%. The Southwest up 38%. Texas up 40%. The Southeast up 46%. North Florida up 50%. A lot of castle markets there in north Florida, too. And the top appreciating region, according to this stat set since February of 2020 with 56% cumulative home price appreciation is South Florida. Yeah, up 56%. And now some of those regions mentioned like in the West, they were actually up more than this a few months ago and they've given back a little bit of their gain. But that is a great stat set. The only thing that seems quirky about the methodology to me is that you've got Florida and California, each with two stat sets, yet the entire Northeast is lumped in together without, say, breaking out New England.   Speaker 1 (00:06:26) - But I don't know, There might be a reason for the odd amalgamations there. I might look into that. Maybe that's just some regional bias or some concern there. Since I am a Northeastern guy, I think that by now, any long time listener knows that I'm from Pennsylvania and have lived most of my life there. I'm in Pennsylvania every year and I like to avoid hot summers, so I spend my summertime and more time in Anchorage. AK So fantastic home price appreciation in the past three and a half years, partially demand driven. Partially inflation driven, you know, three plus years ago, a lot of people, but never me, a lot of people, including real estate influencers, they said that the pandemic would be awful for both real estate and stocks because people would lose their jobs and lose their homes and businesses would shut down. Oh, no. We talked here about agree with it or not, the government's safety net is on its way and it came with the PPE and the Cares Act and everything else.   Speaker 1 (00:07:29) - I mean, Biden won't let people lose their homes. That's what was going on back then. And then in late 2021, I stated Jerry's National Home Appreciation forecast that home prices would rise between 9 and 10% in 2022. They ended up rising 10.2%. And then you remember that late last year I forecast that there really wouldn't be much of any national home price movement this year. Okay, 0%. I am on record right here on the show saying that then and here we are near the year's midpoint. And I like how that forecast is looking. And it was interesting. Late last year, Realtor.com, they predicted 5.4% national home price appreciation for this year. Well, just last week they revised it down to a drop of 6/10 of 1%. Okay. So basically they've gone to 0% as well, much like I forecast late last year. But of course in our core investor areas of the inland in the south, home prices, they are rising just a little this year. What about rents? That's something you might care about more.   Speaker 1 (00:08:42) - CoreLogic They tell us that rents for both single family homes and apartments are up 4% year over year, and that's really unremarkable. That's just the historic long term norm. And it's really been interesting how the rent growth rate for single family homes and apartments has just been remarkably similar, like shadowing each other. But the real story is that rent growth has really decelerated because national rent growth, it peaked at about 14% a year and a half ago. And now among Single-family rental homes, what you'd expect in inflation is happening. High end property rents are up just 2% because they're the least affordable. And then the more affordable low end rents are up 6%. And like anatomy, there are so many ways to parse real estate. There are so many ways to dissect the frog here. So let's look at rental growth by region. And it's from that chart that I shared with you in last week's Don't Quit Your Daydream Letter. Rents are down 2% in the West. They are up 1%. In the South. They're up 5% in the Midwest and they're up 5% in the Northeast as well.   Speaker 1 (00:10:02) - And what's been persistently steadiest is the Midwest price growth in rent growth. I mean, they're in the Midwest. That is like as stable as the clover honey that's in your pantry right now. And also, did you know that honey is the only food that doesn't spoil? Did you know that? Yes. Yeah. It's also stable, so it doesn't need mixing either. Stable like Midwestern real estate. And that's the reason that's had that best ratio of high rents to a low purchase price, which is really that key metric that you care about as a real estate investor. Now, for example, let's take a look at this specific property in Exact Street address from Marketplace. I mean, this is a great example. This is 224 Baltimore Street in Middletown, Ohio. Middletown is between Cincinnati and Dayton. Okay. This duplex here has a monthly rent income of $1,400 total from both sides. The price is $139,900. And this duplex is substantially rehabbed. And the $1,400 rent that's broken down by $800 comes from the two bed one bath side and $600 from the one bed, one bath side.   Speaker 1 (00:11:26) - The duplex is 1680 eight square feet. It's in a classy neighborhood and the rental status is that both sides are already leased. Okay, So when you have an existing property like this, sometimes you have that as the advantage. It's leased and on a duplex when you have both sides leased, you know what questions I would want to know before I buy a duplex like this? What is the rent payment history of those tenants on each side of the duplex and where are they employed? I mean, one might have been paying the rent. But if they're employed at the malls, pop up, stand for 4th of July fireworks or something, Well, I would want to know that. Or if their employment is more stable than something like that. So this 140 duplex is something you could buy with a 25% down payment. So even with closing costs, you're in there for under 50 K. So yes, they're in America's seventh most populous state of Ohio and might take on a property like this. Is that this duplex that's for you? If you're more interested in cash flow than you are appreciation.   Speaker 1 (00:12:33) - I mean, my gosh does pricing like this almost make you feel like inflation missed Ohio? That's how it feels in hey, that's what attracts renters as well. And you can find their property in more like them, including an increasing proportion of new build property nationwide from Florida to Indiana to Texas to utah@marketplace.com. Coming up in this interview with Ken, where I was a guest on his show, you're going to hear me say some things that you might have heard me say before, but I sort of say them in a different way when someone else sees interviewing me and I talk about including why there is a 100% certainty of a housing crash in a few other surprising things. And then at the end I discuss some new things that I have not discussed previously, including what I personally champion and invest in myself outside of real estate. We don't run with the herd on the mainland, but you know, here in Jerry, we are not an island to ourselves either because the dust from the herd affects us. Our investing philosophy is on a profitable, I suppose, peninsula, if you will.   Speaker 1 (00:13:48) - That's why I definitely say things that you don't expect to hear in this interview. And you know what? If someone only says what you expected to hear, that would probably be a disappointment and a waste of your time and you wouldn't learn anything. A critical real estate conversation between Ken McElroy and I, straight ahead. I'm Keith Reinhold. You're listening to Get Rich Education. With real estate capital Jacksonville. Real estate has outperformed the stock market by 44% over the last 20 years. It's proven to be a more stable asset, especially during recessions. Their vertically integrated strategy has led to 79% more home price appreciation compared to the average Jacksonville investor since 2013. Genevieve is ready to help your money make money and to make it easy for everyday investors. Get started at GWB Real estate. Agree That's GWB Real estate. Agree. Jerry listeners can't stop talking about their service from Ridge Lending Group and MLS 42056. They've provided our tribe with more loans than anyone. They're truly a top lender for beginners and veterans. It's where I go to get my own loans for single family rental property up to four plex.   Speaker 1 (00:15:08) - So start your prequalification and you can chat with President Charlie Ridge personally, though even deliver your custom plan for growing your real estate portfolio. Start at Ridge Lending Group. This is Richard Duncan, publisher and Macro Watch. Listen to get rich education with cheap wine and don't quit your day drinks. Hey, everybody. I'm here with Keith Reinhold. Welcome back. Hey, it's so good to be here. It's interesting. I was last here in January of 2021. And remember, Ken, that's when we talked about how you can profit from inflation. Inflation was only 1.5% back then. So for all the viewers and listeners, had they watched that, they really were profited from that surge of inflation, we should go back and check that one out again, you know, because I remember that discussion was fabulous. And now now that's kind of the hot topic, the hot topic for sure. So Keith has a great company. It's called Get Rich Education. Before we go down that road, let's talk about how you started, because most people, you know, they struggle with just getting started.   Speaker 1 (00:16:22) - And I know you started with a fourplex. Yes. And you know, this is something very actionable for you, the listener, the viewer there. You can start off like I did. I didn't have a lot of money when I started out. I think that's a common investor's story. So how could I do more with less? And, you know, I was in Anchorage, Alaska, at the time when I was about to buy my first fourplex building, and I didn't have the inclination to know how to remodel places or be a landlord or anything like that. And, you know, Ken, it's a quote we've all heard, but it bears repeating the circle of friends I had fallen in with Harkins, the Jim Rohn quote, You are the average of the five people that you spend the most time with. Take your five closest friends income level. Take their educational attainment level, take the way they dress your five closest friends. If you want to change yourself, change your five. In two of my five in Anchorage, what I call pretty aspirational guys and two of my friends, they had made their first ever property a fourplex building with just a 3.5% down payment.   Speaker 1 (00:17:25) - So I learned how to do this from them. And you can still do this today. All you have to do is live in one of the units at least 12 months and just have a minimum credit score of 580. You can do that with a single family home, duplex, triplex or fourplex. That's how you can start with a bang and a small down payment. Yeah, we call that house hacking. Yeah, yeah, yeah. We talk a lot about this and I don't think people really realize, you know, and if you move into one side of a duplex and you buy a duplex with with this low money down and the lower credit score, you're basically you might not have a lot of cash flow if you live on the other side. But what you are is you're eliminating that huge expense that might have been for rent or something else, right? That's right, 100%. You know, everybody has their wacky landlord story. So I bought my first property living in one unit of the fourplex, renting out the other three.   Speaker 1 (00:18:16) - And like a duplex, like you said, where you might live. Did you tell me you were the owner? I because that's always thing. Yeah. You know, after a while after I got the new tenants in there, actually after I had moved offsite to another place, I didn't really want to admit I'm the owner. They ask all kinds of crazy things, but, you know, everything didn't go perfectly. For example, you know, shortly after I moved in, it was time for a tenant to pay the rent. It was the first that was due. They said they pay it the fifth. I was like, Oh, yeah, sure. Okay, whatever. Well, of course they didn't. I had to replace them. And you know how I qualified my next tenant in that vacant unit? What the qualifications were. Three females applied. They were attractive. So I let him move into the unit next to me based primarily on the fact that they were attractive. Well, that didn't work out very well.   Speaker 1 (00:19:00) - They had parties and they did not invite their landlord to the party. So everyone's got their wacky landlord story that's mine, but that's how you can start big. It is a good way to do it. And I think I don't think a lot of people realize that they can do that. So a lot of people I know are struggling with these affordability issues. So, you know, we've seen since our last podcast, you and I did, we've seen massive inflation, massive rent growth, obviously massive interest rate growth, which has driven people's mortgages up and doubling people, the mortgage payments up, plus we have all the inflationary components that I just mentioned. This is the best time to look at that house hack model because, you know, why wouldn't you grow.   Speaker 3 (00:19:38) - With inflation if you can do it with a with a two unit or four unit? Right now, there are some restrictions for for units and underwriters there something where if you go over that, it's a different kind of loan.   Speaker 1 (00:19:50) - That's right.   Speaker 1 (00:19:51) - Four units is the most you can do with that FHA loan in 3.5% down. So it's single family home, duplex, triplex or fourplex. And if you have VA Veterans Administration benefits, you can use that same plan with zero down. Believe it or not. It's a great way to start with the bank. Yeah.   Speaker 3 (00:20:07) - So you guys really need to look into this. If you could replace your living expenses large of the largest one, which is obviously typically rent and utilities and all that, then why wouldn't you?   Speaker 1 (00:20:20) - Yeah. And you know, here's the thing. Here's the takeaway. And I didn't understand this until I had owned that first fourplex for a couple of years. I think we've all learned we've all been influenced by the mantra that you don't want to invest with your money. You can build wealth profoundly by ethically employing other people's money. We're talking about doing it ethically. Providing people with housing that's clean, safe, affordable and functional. With that fourplex like I just described, I was using other people's money three ways at the same time.   Speaker 1 (00:20:50) - And you can do it too, because I use the bank's money for the loan and leverage. I use the tenant's money for the income that you were just talking about to offset all the building expenses and the mortgage payments. And then thirdly, I was using the government's money for very generous tax incentives, use other people's money three ways at the same time with the loan for income property, that's really going to accelerate your wealth building.   Speaker 3 (00:21:15) - That's right. That's right. And can you with that also do it with the down payment? That might be a fourth way.   Speaker 1 (00:21:21) - There are creative ways. For example, I know with FHA, sometimes you can get a gift. So that's a very astute question.   Speaker 3 (00:21:27) - Yeah. So that's another thing that a lot of people don't think about is, you know, I know with the FHA program, they're going to be looking at you. But there are there are ways to get gifts.   Speaker 1 (00:21:38) - That's right. And really use other people's money for the entire thing with keep using other people's money all that you can.   Speaker 3 (00:21:45) - The point is, guys, all can be OPM or other people's money. And that is the point. And so if you can't look into that, then it's now just an excuse. So let's talk about like you've done a very successful job of going out of state, out of the network and, and buying real estate. How have you done that? Because a lot of people are freaking out around, you know, how do I do I stay local? Do I go out of state? There's a lot of things to consider.   Speaker 1 (00:22:12) - I don't invest in my own local market. In fact, can I sell my last local meaning local to Anchorage, Alaska? I sold my last local apartment building last year. It's the first time in 20 years since I bought that first fourplex building. I don't own any local properties. I do all my investing out of state in investor advantage markets in the Midwest and South. And I know to some people it's scary to go out of state for the first time. You know, for some reason with stocks, people feel quite comfortable with, you know, buying stock for a company.   Speaker 1 (00:22:41) - They don't even know where that company's headquartered. But with real estate and something called turnkey real estate investing, that's one way to go across state lines. But really, here's my mindset in getting comfortable without estate investing, this is how I think of it. Can The property is only the fourth most important thing in real estate investing, and if you're thinking about investing, you often start by thinking about, okay, what would my next property be? It's important. But there are three things more important. Number one is you. What do you want real estate to do for you? This is what I like to share with people. Can Secondly is what market are you in? Thirdly, what's the team of professionals, especially your property manager, that you choose to surround yourself with? And then fourthly and only fourthly is the property. So let's go through that. It starts with you. What do you want real estate to do for you? Or are you looking for cash flow, which is common, or appreciation or tax advantages or a lifestyle benefit? Like maybe you want to live in it yourself.   Speaker 1 (00:23:37) - Once you've got that figured out what you want real estate to do for you, the market is the next most important thing. There is more risk with being in a little ho dunk market of 6000 people where half the employment is tied to the zinc mine than you think. So I like to be in larger metros have a diversification of economic sectors, something that you really excel in. Can So the market's at second thing because you need to have a place that's going to be filled with tenants. And when you buy your property, you need to have a reasonable expectation that 18 months down the road you're going to have another tenant that's going to be able to come in and fill that property. And then the third most important thing is the manager, your team. I mean, a bad property manager would drive a good property into the ground because you want this to be relatively passive. And fourthly and only fourthly is that property. And you know what happens. Can I see this happen? So often people get a 100% backwards.   Speaker 1 (00:24:30) - They go for three, two, one. First, they get all excited about a property and buy it because it has pretty blue shutters. Then they try to figure out if there's a good manager in the market because they don't like to get texts from tenants. And then secondly, they try to figure out the market that they bought in and it's too late. And then they go back to number one, which you're just so far out of line. And this is why a lot of people say that real estate doesn't work. So, again, the property is only the fourth most important thing. It starts with you market and team first. Yeah, I.   Speaker 3 (00:24:58) - Find that key. They do go for three, two, one all the time. Right? It drives me nuts because, you know, as you know and most professionals go one, two, three, four. And I think what happens is if when they get to one, they're they're figuring it out. You know, they need you to start there because it certainly clears up the vision, right?   Speaker 1 (00:25:18) - Yeah, 100%.   Speaker 1 (00:25:19) - And, you know, you intrinsically know this, but you just haven't thought it through before. Like, for example, you already know that the market is more important than the property. A giant mansion in a swamp outside Charleston, West Virginia, is not worth much, but yet a tiny 400 square foot efficiency apartment in the Tribeca neighborhood of Manhattan. Can be worth an awful lot. It's just reinforces the fact that the market's more important than the property and a lot of people get it wrong and always.   Speaker 3 (00:25:46) - Has been and always will be because you can you can screw up a purchase in a market that's going like this and you'll still look like a star.   Speaker 1 (00:25:55) - Yeah. And this will be true a decade and maybe even a century know. Yeah.   Speaker 3 (00:25:59) - So that's why the market is so important. So let's talk about the most controversial thing here, which is why there is 100% certainty, 100% of a housing crash. This is a I heard you talk about this and we talked a little bit about it for the podcast.   Speaker 3 (00:26:16) - I said, let's just wait, wait, wait, Let's talk about it on the podcast.   Speaker 1 (00:26:20) - There is a 100% certainty of a housing crash. And one might be wondering, first of all, how could you say that no one has complete clairvoyance to know the future? And the reason there is a 100% certainty of a housing crash in this era is because it already occurred. It happened in April of 2020, More than three years ago. It was a housing supply crash, not a price crash. In fact, the fact that we have had a supply crash really hedges against any sort of price crash. So using Freddie Mac data and I shared the chart with you before I came over to this video here so that you could see the backup. There are so many ways to go ahead and measure the available supply of homes, but about 1.5 million is what you'll see, Fred. The Federal Reserve economic data, about 1.5 million has historically been the amount of available homes going back to 2016. It began to fall after that with what happened in the health crisis.   Speaker 1 (00:27:19) - It plummeted in April of 2020 to 600,000 units and it still hasn't rebounded and it's continued to fall. So it's a 60% supply crash, 1.5 million down to less than 600,000 now. And that's what hedges against a price crash. That's why prices are continuing to stay buoyant at whatever demand level. The supply is really low, and that helps keep a bid on property. And really, I'd like to share with you the profundity of the fact that we've had a supply crash, not a price crash. I mean, think about this. We're the most powerful nation in the world, by so many measures, were the most powerful nation as far as political positioning and our military and our currency and our brand, the most powerful nation in the world. And we have trouble housing our own people. I mean, we're talking about food, shelter, safety, Maslow's hierarchy of needs, base level stuff here. So it's actually a bigger deal then a price crash. If you think about it, you may very well see more more homeless people in your in your hometown, for example.   Speaker 1 (00:28:25) - So the crash already occurred. A supply crash, not a price crash. Yeah. Yeah.   Speaker 3 (00:28:29) - It's important distinction, I think. I think people really need back up from this a little bit and understand where things are headed. You know, we have affordability problems. We definitely have homelessness issues creeping up. And so what really, really challenged everybody were these federal funds, increases in interest rates that went up. So all of a sudden, you know, we've also had the largest delta between rents and the the average mortgage price. So you got mortgages here. So rents and mortgages were kind of trending along at a pretty, you know, pretty equal amount. But now because of the whole prices that went up and the interest rates went up, there's a big, big gap between rents, even though rents have gone up. So that's also keeping people in their houses because they've got the 6%, let's say five, 6% interest rates, but they bought them at three. So they have this trapped equity, right? So so if you own a home that's 500 grand and you you have 3% on it, you're not going to move.   Speaker 1 (00:29:39) - Right? No, it's the mortgage interest rate lock in. Yeah, And that's a really astute point, Ken, because this plays in to the national dearth of supply on Iraq, 1.5 million available units down to 600,000. I talked to just lay people in everyday homeowners that have become landlords because they say, I don't want to sell my home. And it's 3.25% interest rate. So when I move out of it, I just want to hold on to that loan and rent it out. In the United States, you can't move your mortgage along with your property like that. So it's that interest rate lock in effect, that property, rather than coming up for sale, which would increase supply, doesn't it stays put. And almost two thirds of mortgage borrowers in the United States have a mortgage rate of 4% or.   Speaker 3 (00:30:24) - Less, a staggering number. It is. So I always tell people, Keith, you know, when I was growing up, cash was an asset, right? That was a liability. But now it's the opposite.   Speaker 3 (00:30:35) - Cash is now a liability because inflation. If you're if you have it in the bank is running faster and harder than what you're getting in interest. And now that debt at 3%, let's say, is an asset, you would actually be selling the property and you'll be getting rid of that asset. You can't borrow at 3% today because that is OPM or other people's money like we talked about.   Speaker 1 (00:31:00) - Right, Right. And if I borrow from a bank, say I'm a borrower and I want to take a loan from you. Well, of course, if I can do that at an interest rate, that's less than the rate of inflation. I want to do that because it's profitable. And how the mechanics of that work actually is when I repay Ken the bank in this case, every month that dollar debases on him faster than his interest can accrue on me. That's profitable for you if you can find that it's getting a little harder to find. But you can in some situations, still get interest rates lower than inflation.   Speaker 1 (00:31:33) - And inflation is such a fluffy number. We know that the CPI is manipulated with substitution and weighting and things, but if you can borrow at less than real inflation, that's exactly the transaction you're profiting from.   Speaker 3 (00:31:43) - What do you think real inflation is? Because I, I'm all over the Internet trying to figure this out, you know, and I go to all the shadow stats and all the things.   Speaker 1 (00:31:51) - Yeah, that's good that you're in shadow stats. There isn't really a good accurate way to measure inflation. I mean Ken and I a for next door neighbors were going to pay different rates of inflation. Say one of us is a vegetarian and the other eats beat then inflation in the price of steak affects one of us, but not the other. So if he commutes more than I do, gasoline prices affect him more than me. It's very difficult to pin down what the real rate of inflation is. There are hedonic reasons as well. Hedonic means pleasure seeking. So, for example, if home values go up 10% in a year, but now it's more common for homes to have quartz countertops in them a year later and they didn't have that in the homes of yesteryear.   Speaker 1 (00:32:33) - How do you adjust inflation for that? Because you're getting a better standard of living with quartz countertops. So this is why can and anyone has such a hard time pinning it down to what's the real inflation number. It's really nebulous.   Speaker 3 (00:32:45) - And I do know it's more.   Speaker 1 (00:32:48) - We do know it's more than what the CPI is reporting. How much more? No.   Speaker 3 (00:32:52) - One. I know it's true. It's all over the map. But I got to tell you, man, things are creeping up. You know, we were you know, my wife and I were you know, we just go to dinner and it's 100 bucks now. I mean, there's all these things that are there a lot more. But one thing is for sure, guys, if you can have an interest rate less than inflation, you're beating the market. That's the important thing to understand. And that's why, you know, go go the way back to Rich dad, poor dad with Kiyosaki. He was way ahead of his time when he said cash is trash.   Speaker 3 (00:33:27) - And, you know, savers are losers. And he doesn't mean that you are a loser. What he means is savers are losing money as compared with inflation. Back then, it was 2%. So now it's obviously more. Right?   Speaker 1 (00:33:41) - Yeah. And you know, really with inflation, I think the word is noticeable. No one talked about it when it was about 2% these past few years when it was right around the Fed target. It isn't until it became noticeable that it really became a thing. And you know, what do they say? What's Walmart greater say? They no longer say hello at the door. Instead, they just apologized for what's about to happen to you in there. It's noticeable.   Speaker 3 (00:34:05) - I noticed I was digging into the CPI or the Consumer Price Index recently for a video I was doing and I saw that housing was 44% of that number.   Speaker 1 (00:34:14) - Yeah. Between rent and owners equivalent rent, those two measures contribute to the CPI.   Speaker 3 (00:34:19) - So that's a lot. So think about that because I know, you know, what does that mean To me? That means that the Fed is not done increasing rates because, you know, I guess now they're reporting it at five.   Speaker 3 (00:34:33) - But if 44% of that 5% is housing in theory, then it looks to me like they're going to they're going to clip away at more of these federal funds rates. Right. What do you think?   Speaker 1 (00:34:46) - That's right. A lot of people think the Fed pivot will come later this year. The Fed pivot means when they stop hiking, which is increasing rates and begin to lower rates. I've got something really almost pretty trippy, really on interest rates to share with your audience here, Ken, because I think this is a real paradox that's going to blow some people away. What is it? So we know that mortgage interest rates have been up so much lately. And you know what happens with rising mortgage rates, right? When mortgage rates rise, home prices. You thought I was going to say fall, didn't you know? When mortgage rates rise, expect home prices to rise. And you might say what? That turns my whole world upside down. I mean, wouldn't one know that when mortgage rates rise.   Speaker 1 (00:35:38) - Well, that to. Creases affordability so one would afford less in prices would need to come down. And you know, the lens I like to look through a lot of times. Can we talk about applying economics to real estate? It's what I call history over hunches. I think it's really easy to have a hunch that when mortgage rates rise, well, obviously prices would have to come down due to impeded affordability. So maybe you're still wondering, well, what kind of upside down world would that happen? It's the world that you've been living in these past two years. What happened in 2021 and 2022? Home prices rose at a torrid pace, about 20% in 2021 and the following year last year, another 10% way beyond historic norms. And what happened with interest rates during that same time, they got doubled. I mean, they climbed a cliff. So that actually usually happens that when rates rise, prices rise. In fact, in the history over hunches, vane Winston Churchill is the one that said, the further you look into the past, the further you can see into the future.   Speaker 1 (00:36:44) - So let's open this up and look at the past, talk about why this happens, and then think about some lessons that you can learn from it. So in about the last 30 years, since 1994, mortgage rates have increased substantially nine times. That's defined as a mortgage rate increase of 1% or more. And during those nine times that mortgage rates rose, home prices rose seven of those nine times. This typically happens. And, you know, when I share this with real estate, people can a lot of them are blown away. They don't understand how they really don't even believe it. And I shared the data with you right before I came down here. You have the studio and maybe you can even put that chart up there to show people that I.   Speaker 3 (00:37:25) - Will do that.   Speaker 1 (00:37:25) - Jerry Yeah, but you know what? When I talk with doctors of economics, like the ones that I interview on my show, some of them aren't aware of it, but they all say, Oh yeah, I can believe it.   Speaker 1 (00:37:33) - I can understand how that would happen. All right. So what's going on here? Why does this happen? Why wouldn't mortgage rates rise? Would home prices rise? And, you know, there are for a couple of reasons. You know, can you and Donnell talk so eloquently about lag effects in the economy? Yeah, So that's one reason. But this can't completely be explained by lag effects because we have to think about what makes a person buy a home. Okay. We'll come back to that in a moment. But let's think about what happens when rates rise. Okay. Generally, the Fed is saying that the economy's hot, people are employed right now. There are some high profile tech layoffs for sure, but there are still more open job positions than there even are people to fill them. And this makes inflationary pressures heat up. So that's why they raise rates. When everyone has a job and you have an option if you get laid off to go to a second job and employers are competing for employees, what happens? You feel pretty secure in your job and what do you do when you feel secure in your job? You're likely to buy a home.   Speaker 1 (00:38:37) - So your situation, your income, your job security is an even more important factor than what mortgage rates are. So this is why, completely counter-intuitively and paradoxically, when mortgage rates rise, expect home prices to rise as well. And in fact, can. The only two times in the last nine that rates rose, that prices didn't rise as well. You know, they were they were 2007 and 2008 when there are really wacky aberrations going on in the market leading up to the global financial crisis. So, again, when rates rise, prices typically do two completely opposite of what most think.   Speaker 3 (00:39:12) - Yeah. And don't forget that part of the reason rates rise is because of the scarcity. So when you go from 1.4 million to 600,000, yeah, you have less just basic demand and supply. Less supply.   Speaker 1 (00:39:27) - That's right. And I think importantly, one needs to remember that there's less supply of both homes to buy and homes to rent. And even when one does want to buy and they continue to get shut out of the market with higher rates and higher prices than that obviously puts more people back in the renter pool, which is pretty good for guys like you.   Speaker 1 (00:39:45) - And I can know a lot of income priced right?   Speaker 3 (00:39:47) - That's why I did that video Renter Nation because it's not good by the way this you know housing is supposed to be balanced. So as somebody who owns a lot of rentals, we lose people. We lose people to single family home buying. That is the way it's supposed to be. Right? And then there are some people that when they're when they're done with the single family side, they want to come to rentals for convenience, for flexibility, for all kinds of things. So it's a natural stop. And so when one's out of whack or the other is out of whack, it's not necessarily good.   Speaker 1 (00:40:21) - No, it's not good. I mean, that impedes the upward mobility in really part of the American dream. Of course, you never want to lose a tenant from one of your apartments, but at least you can say, hey, congratulations, you moved up a rung or whatever. So this is the cost of any entry level. Housing is really high.   Speaker 1 (00:40:40) - In fact, when you parse the amount of available homes by the entry level type of, say, single family homes and duplexes, which tend to be the ones that make the best rentals, yeah, they're even more scarce.   Speaker 3 (00:40:51) - It's it's gotten worse. You know, I don't know that as a builder as you know, we built we can build entry level you know the.   Speaker 1 (00:41:00) - Most can't make it feasible.   Speaker 3 (00:41:01) - Cost the cost to build a house today is expensive.   Speaker 1 (00:41:05) - Yeah it really is. And you know, if you are looking to be a real estate investor in the 1 to 4 unit space, which is really an area where I specialize, if you can find a builder that builds entry level homes, I do know of a number of them in the Midwest and South, this could be a time for you to get a new build rental property more so than a renovated one. You know, that's really opposite of ten years ago. Ten years ago, we were still coming off the global financial crisis. Crazy.   Speaker 1 (00:41:32) - That was when the cost of property was even less than the replacement cost no one was going to build. Now you do have people building and, you know, can I know a number of these builders because mortgage rates are higher, that they're helping the investor, the individual investor down there. People like me, yeah, they're buying down the rates. So it's quite common for, oh, say on a $350,000 property for the builder to give you 2% of that 350 K purchase price. What is that, $7,000 at the closing table for you to buy down your mortgage rate? You also have turnkey newbuild companies that are giving 1 to 2 years of free property management. So new build typically costs more than renovated, which is why in the past a lot of investors like to buy a renovated property. But with the new builds and incentives like that and the fact that you're probably going to have lower insurance rates with new builds versus renovated, I think this really tilts toward you as the investors looking at property to your portfolio.   Speaker 1 (00:42:28) - It makes more sense now to look at new build than it has at any time in the recent past.   Speaker 3 (00:42:33) - Yeah, I know that like when we look at those big projects for for acquisition, you know, we're looking at what is it, what is the cost per unit for, let's say an acquisition in Phoenix versus building one? And in the last three years it was building all day long because the cost was 100,000 more per unit to buy crazy, crazy how existing product can get pushed up that high. And so all of a sudden that makes the building more affordable. Yeah, actually. And when you when you build the one next to the other, people are going to want the newer product all day long.   Speaker 1 (00:43:12) - Ken And maybe I can ask you a little something about being a builder. You know, I have learned from some builders that in a way some things are nice because they're not getting as much competition from resales on the market. We talked about why there aren't resales on the market. People want to hold on to their low mortgage rates so builders don't have the competition that way.   Speaker 1 (00:43:31) - But maybe you could let me know. Of course, it's going to vary by region and we've been talking very much nationally so far in the conversation here. But really, what's the lowest price point where it's still feasible as a builder to build where you have enough margin? Like what's the lowest price point on maybe a single family home? And then a larger. Yeah.   Speaker 3 (00:43:49) - So for me, it's mostly just apartments. So, you know, we'll go into a market. I'll give you a great example. We can buy in Austin, Texas, mid-nineties product, vaulted ceilings, nine foot ceilings, beautiful garages for $180,000 a door. Really nice. There's no way we can build that there for that price. Not even close. However, you take that exact project and you move it to Phoenix, it's 350 now. The rents are different, the expenses are different, the insurance is different, the property taxes are different. I understand the math. Is that the same? But, but on a per foot basis and a per unit basis, that's how different it is.   Speaker 3 (00:44:33) - So because of that, we're building in Arizona and buying in Texas. So now that can change. And also, you know that Austin could get really hot, those prices can go up and then we know that then it would change that dynamic. And so to your point, you always have to take a look at the difference between the deliverable. You know, do you buy The one thing I do like about buying is that it's immediate. You know, you could step into something immediate, make change immediate, whereas there's a bigger lag with the construction. So you do have some interest rate risk because you can't get a fixed rate loan on something that doesn't exist. It's land, it's air, and then it's built until it's in service, they call it. Then you can put fixed debt on it, but that's it. Up to that point, you're subject to a little bit of the whim of the fluctuations of the Fed and all the other things that that determine interest rates. So so you do have those things.   Speaker 3 (00:45:36) - We do love the new property. And so do our tenets. So when you build something new, people want to be there and they move out of that ten year or 15 year old product into something new. So there is that, plus you get a little bit more rent and, you know, all of those things. So there's positives and negatives for both.   Speaker 1 (00:45:55) - And so it's really, I'd say in the last ten years when you've seen the advent and proliferation of these build to rent companies, they're turnkey companies that build a finished product for you. That's the first thing that they do. And then the second thing they do is they place a tenant in it for you. And then thirdly, they hold it under management for you, the investor, if you so choose. Basically, it's those three things that define what a turnkey rental property is. So it's making more and more sense to do that with new build properties.   Speaker 3 (00:46:28) - Yeah, it certainly can and it's market by market. But you're right, you have to look at it each and every time.   Speaker 3 (00:46:34) - So before we wrap up, I'd like to talk about, you know, you always say invest in what's scarce, which I completely agree with. You know, And the other thing I like to say is invest the things that you can't print. So, you know, you could print dollars. You know, you can you can create a stock or ETF out of gold and all kinds of things, but you can't print gold, you can't print oil, you can't print trees. You can't print real estate. So let's talk about what's invest in what's scarce. So what do you mean by that?   Speaker 1 (00:47:05) - Oh, I love that. And we're so aligned on that. If I have any one investing theme, it comes down to one word scarcity. Yeah, I like to invest in what's scarce, not what's abundant and can be printed. You know, you don't even have to print anymore. It's just a few keystrokes and things like dollars and additional stock shares, abundant things, they can just be conjured into existence.   Speaker 1 (00:47:27) - So I avoid what's abundant like dollars in stocks and I focus on investing in what's scarce and is difficult to produce more of and take, yeah, real world resources to produce which is for me, it's real estate, gold and bitcoin that rounds out my scarcity theme. Why Real estate? It's a wealth builder really. Gold and bitcoin are not proven wealth builders. I think gold and bitcoin are maybe good places to move some capital once you've built it. Gold and bitcoin can be good stores of value gold really the classic store of value and bitcoin the real risk. But you know real world resources to produce. They're all scarce. Like we talked about the low supply of real estate. It has utility meaning usefulness. And yeah, when you buy a piece of real estate, a lot of people don't think about it this way, but break down all the commodities that you're buying when you buy a piece of real estate from drywall to gypsum, the copper wire to glass and all those sorts of things, it takes real world resources to produce that real estate.   Speaker 1 (00:48:27) - Real estate gives you advantages that gold and bitcoin don't like a reliable income stream and the ability to use leverage and terrific tax advantages. So that's why I'm a real estate guy. That scares gold, has a scarcity. What's really special about gold is it's one of the few things that's had enduring value for millennia, about 5000 years. You can say that about exceedingly few things. I guess you could make jokes about. It's intrinsic value. It's really not used that much industrially, but people have always flocked and gravitated toward that during times of uncertainty. And there's low supply inflation on gold that is very difficult to mine 2% more gold than it was the previous year. There were just challenges from exploration to mining and creating much more of this gold. And then thirdly, Bitcoin. You might not be that familiar with Bitcoin, but it takes real world resources, hardware, software and electricity to bring more Bitcoin into existence. There will never be more than 21 million bitcoins, so it has a fixed supply. You can't quite even say that about real estate and gold.   Speaker 1 (00:49:37) - A hard cap of fixed supply. More than 19 million bitcoin have already been mined. It's truly scarce and Bitcoin does have a role. It has some downfalls too, in case the government cracks down on it. I think that's the big risk with Bitcoin. But gold and dollars each have their downfall is difficult to transport gold across space due to its weight in its volume and security problems and then dollars. You can't transmit dollars across time due to inflation. Bitcoin is that one store of value. It's still volatile, it's still got some problems there, but it's the one store of value that you can transport across both space and time. You can't say that about dollars or gold. I'm a real estate guy. Real estate, you know, I think of it Ken is real estate is old and slow and analog and Bitcoin is young and fast and digital, so it is kind of a counterpoint. To the real estate with the Bitcoin. But yeah, if you need to build wealth and you don't have it yet, it's really difficult to invest in an asset class outside of real estate.   Speaker 1 (00:50:47) - Wealthy people's money either starts out in real estate or it ends up in real estate.   Speaker 3 (00:50:52) - Yeah, that's true. Yeah. I personally, I'm a big gold guy. I, I love being able to just throw a couple coins in my pocket and fly to wherever I want and pull them out and they're like, I got 4 or 5 grand.   Speaker 1 (00:51:04) - It's something tangible. You could actually look at it.   Speaker 3 (00:51:06) - It's nice. It's kind of nice to have that, you know, I don't particularly look at it as an investment, right? I look at it more as a hedge, an insurance policy, maybe a hedge against the dollar.   Speaker 1 (00:51:17) - Yeah, it's sort of like money insurance. I agree. And really a lot like an insurance policy. You hope you never have to use it, just like you hope you would never have to sell your goal. It's good money insurance. It's not a wealth builder. In my experience. It really just generally tracks inflation over time.   Speaker 3 (00:51:35) - Which is a good thing, by the way, especially now.   Speaker 3 (00:51:38) - I think what's interesting is have you had a chance to look at how much gold the central banks have been buying? I really have. So this is a really interesting point before we wrap up. So as you guys might know, central banks are in charge of printing money, basically. Well, other things, but one of those, that's one of them. So and they're kind of upset at the US dollar right now. Yeah. Because, you know, the world trades in US dollars and they're sitting on US dollars. And as we inflate and print US dollars, it looks like that a lot of them are buying gold, Right. And I would if, if they're they're trying to store their value in something that dollars so something other than dollars. I read an article the other day that said that we've been weaponizing the dollar against the rest of the world. Right.   Speaker 1 (00:52:28) - Right. So many foreign central banks, China, Russia and many more, they've really been loading up on gold these past few years.   Speaker 1 (00:52:36) - You see more and more international trade agreements, like you alluded to, cutting out the dollar and going through the yuan. You had the war in Ukraine, all these things increased geopolitical uncertainty. And that's why gold was on a tear and went over $2,000 recently.   Speaker 3 (00:52:49) - And then BRICs, BRICs is showing up. You know, that's the Brazil, Russia, India, China and South America. Right. And South Africa. Right. And I think there's a 30, 40 countries now. I've joined something like that.   Speaker 1 (00:53:04) - Yep. There's more and more. And they're not they're not pals of the United States.   Speaker 3 (00:53:07) - No, no. I don't know if you guys are watching this stuff, but it's something you have to watch. I mean, because your hard earned, your hard earned money is yours. And so you have to be a steward of it. You have to look at this stuff. It's not conspiracy theory stuff. You need to go out and Google this stuff and you'll see it's the dollar doomed. I don't know the answer, but I do know that you have to keep your eye on all this stuff.   Speaker 3 (00:53:30) - Right.   Speaker 1 (00:53:31) - Well, I'm glad you bring this up because one can speculate, one can make projections. But one of the few things that we do know and this is central to every investment that you make is that the dollar is going to continue to be debased. At what rate? We just don't know. But there are a few guarantees in life, but that's one thing that's virtually guaranteed. And really everything that we're talking about here hedges you against that. Again, dollars in stocks can easily be printed. Want to stay out of those sorts of checks?   Speaker 3 (00:53:59) - And if you could fix your rate while the government debases your dollar, you're winning.   Speaker 1 (00:54:05) - That's a winning formula for every million dollars in debt you have with just 5% inflation, you know the bank back 950 K after one year because wages and prices and everything, salaries are all higher. And with real estate, it's wow, your tenant pays all the interest for you while you're enjoying that debasement benefit. It's definitely counterintuitive. Get more debt. That's one of my favorite four letter words.   Speaker 3 (00:54:31) - Ha ha ha. Well, good. Keith, this has been awesome. So what's the best way people can reach you? I know I listen to your stuff, but I'm not sure everyone knows the.   Speaker 1 (00:54:40) - Get Rich Education podcast and get rich education YouTube channel. Real estate pays you five ways at the same time. Just regular buy and hold real estate. And it's actually okay that we didn't get into that because I made a free course with five videos, one on each of the five ways, just regular everyday buy and hold real estate pays and we're giving that away free right now at Get Rich education slash course. So it's a gift certificate and podcast and YouTube channel and again that free course real estate pays five ways which really reinforces why real estate is that generational wealth builder is a get rich education slash course. Awesome.   Speaker 3 (00:55:21) - All right, buddy, always great to see you.   Speaker 1 (00:55:23) - Love catching up, kids. Yeah. I hope that you enjoyed that vibrant conversation and a lot of original thoughts between Ken and I there.   Speaker 1 (00:55:36) - Ken is one of the more giving guys in the real estate industry. I like to hang around with the givers and reciprocate myself. One thing that I cannot take credit for as original is my part of the discussion where I was speaking about how the property is only the fourth most important thing in real estate investing. I learned at least some version of that from the real estate guys Robert Helms and Russell Gray. Now, when it comes to the prospect of a housing price crash, I think that a lot of the gloom and doom was that were completely wrong about that. Since 2020, you know, a lot of them have just dissipated or have gone away. Economic uncertainty that could not make home prices fall in any meaningful way like we've experienced the last three plus years and then last year a doubling of interest rates. Well, that couldn't really touch home prices either. Looking into the future, the rest of this year and into next year, I've got a good eight or so reasons here that home prices won't crash, although there could always be a black swan event, I suppose, from a pandemic to a direct hit by a meteor into the center of the United States.   Speaker 1 (00:56:46) - You are listening to someone that successfully invested through two recessions here. Home prices won't crash anytime soon because there aren't currently enough homes to house Americans. There are billions of dollars sitting on the sidelines right now just waiting for people to jump into the market. Lending guidelines have been strict for a decade plus, and that means those that own homes now can afford to make the payments. Home equity is also near record levels, so those that do have trouble making their payments, they wouldn't have to make a highly distressed fire sale. The government will do everything that they can to stop foreclosures, and on average, it takes 900 days to complete one. The population keeps increasing, although slowly US housing is still some of the most affordable in the world. And what higher interest rates do is that they also slow homebuilding. They slow that rate of new supply. This is all why housing prices cannot crash any time soon. We've got a fantastic show coming up here next week for you. If you're newer to this show or you just haven't seen my free real estate pays five Ways video course yet.   Speaker 1 (00:58:00) - Like I was telling Ken's audience about there, this is fundamental to you building the kind of life that you've always wanted for yourself. The course is truly free. I don't try to upsell you from that to some paid course. Perhaps the best thing that you can do for your financial future is to watch and understand all of the ways that you are paid. You can do that now at Get Rich Education slash course Happy independence Day. I'm Keith Winfield. Don't quit it.   Speaker 4 (00:58:35) - Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.   Speaker 1 (00:59:03) - The preceding program was brought to you by your home for wealth building get rich education. Com.    

In this episode, I've got something on my mind that I want to share with you all. It's about this thing called the Hedonic treadmill. As high achievers, we're always looking ahead, moving that goalpost, and reaching for the next big thing. It's what keeps us motivated and helps us achieve greatness.The thing is….that mountaintop we're aiming for? It never seems to get any closer. We reach one peak, and guess what? Another one pops up in the distance, teasing us with its allure. It's like playing a never-ending game of chase. It's not a bad thing at all….it's what keeps us on our toes and striving for more.Every now and then, it's important to turn around and take a look back at how far we've come.Let me share a bit of my own journey as an entrepreneur and creator. Recently, our YouTube channel blew up like fireworks on the Fourth of July. From 200 subscribers to a whopping 135,000 in just eight or nine months. It's mind-blowing. But…it wasn't always rainbows and unicorns. I remember the days when a post would get five likes. Ten if I was lucky.The point is, success isn't always a straight line. And if you're just starting out, it can be frustrating, wondering why your content isn't getting the attention it deserves. So, here's what I want you to do: take a moment to pat yourself on the back. Even those little wins, the baby steps, they matter. We're all on this crazy Hedonic treadmill, constantly adapting to our surroundings and setting new norms. But don't forget to appreciate the journey, my friend.LEAVE A REVIEW if you liked this episode!! Let's Connect On Social Media! youtube.com/anthonyvicino twitter.com/anthonyvicino instagram.com/theanthonyvicino https://anthonyvicino.com Join an exclusive community of peak performers at Beyond the Apex University learning how to build a business, invest in real estate, and develop hyperfocus. www.beyondtheapex.com Learn More About Investing With Anthony Invictus Capital: www.invictusmultifamily.com Multifamily Investing Made Simple Podcast Passive Investing Made Simple Book: www.thepassiveinvestingbook.com

All rights belong to J.K Rowling. This is a Harry Potter fan fiction written by Eliezer Yudkowsky. I am Jack Voraces, a professional audiobook narrator: https://www.audible.com/search?searchNarrator=Jack+Voraces I do not intend to make any money from this podcast. It is a free audiobook for anyone to listen to and it is my hope that it will eventually evolve into a dream I have had for a while. The 500 hour audiobook. I would like to create an audiobook that is 500 hours long, totally free and available in multiple formats. The author has given permission for this recording and if you enjoyed Mother of Learning, you will likely enjoy this too.  Each chapter is recorded live on Discord on Mondays at 20:00 GMT: https://discord.gg/6B5hJdx

Sitting in a room listening to a variety of presentations, most of them non-engaging with slides that looked like this.  HUH? Then a physician stands up and begins to relay a series of statistics accompanied by stories. The suicide attempts among college girls have increased from 1% to 2%...a 100% increase in a 2-year span.  Nearly 1 in 3 girls have contemplated suicide.  We have a college-aged daughter and two college-aged sons…this woke me up.  After the presentation, I waited until the presenter was finished shaking hands and walked over into a quiet corner where he was refreshing coffee and asked, “What happened?” His response, in paraphrase…” it is well documented that there is a two-year reversal in behavior among HS and college students in general…so instead of an 18-year-old dealing with 18-year-old things, you have an 18-year-old who is developmentally 16, trying to deal with 28-year-old things because of the unfiltered availability of information.” Thirty years ago, a small subsection of people in the lowcountry of South Carolina would have known of the intimate details of the Alex Murdaugh trial… now there are people in New York, California, and Indonesia whose lives have been impacted by a very very local story.   That is 28-year-old Grown Adult information, being straight-veined into 16-year-old minds in New York City while also trying to deal with acne, prom dates, and asking, “Should I download Snapchat OR TikTok OR  Tinder OR all three?”   There is a narrative that we have heard around the country as we have spoken to groups in Tampa, CLT, ATL, Houston, Dallas, LA, and Vegas…. “Nobody wants to work anymore.” The business owners are looking at the labor pool, and looking at the modern “flexible work environment” and concluding… “Nobody wants to work anymore.” The key leaders are looking at the teams they are leading, and/or the people they are trying to hire and train and conclude… “Nobody wants to work anymore.” But let us reason together for a moment.   Really ask, do people REALLY not want to work?  REALLY? Do people REALLY want to wake up in a fog, sit around on the couch, indulge in meaningless things all day, eat dinner, watch Maury Povich and Dr. Phil, go to sleep, and do it all over again day after day after day? No. You know what people want?  What YOU want?” MEANING You want to be-the-better you know you have the capacity to be! You want what you do to matter! You want what you do to move the needle! You don't want to stand around the cubicle wasteland and drone on and on about the TPS report.  To do meaningful things, things that matter, there are 3 things that I want to reiterate, remind, and regurgitate… First, you need hard coachING and you need TO coach hard A reshaping is needed (chucks pottery example sermon 2/26) It offers mobility, portability… And yet, periodically needs to be reshaped and reformed. Pottery shifted an entire economic culture  Allowed for portable societies The beauty of the pottery metaphor is that… Solid, hard coaching re-forms, both as you receive and give thoughtful coaching  The alternative of this is to ignore coaching, the sound of which just sounds idiotic. Kyrie Irving/Kevin Durant (audio)  Nothing good will be done that is done outside of wisdom and accountability  Tech will change, languages will change, empires will come and go Wisdom and accountability have and will always be Instead of seeking principle wisdom, We PURSUE THE BEST books, conferences, podcasts, and new strategies to find non-caloric solutions that will run themselves so we don't have to work.  THEY WILL NOT… We keep trying to buy the BEST project management software, CRM, billing system… The BEST software is the software that you will actually use!...it requires action The BEST town is the town you will actually live life in…it requires action The BEST car is the one you will actually drive…it requires action The BEST spouse is the one you will actually enjoy spending time with…it requires action ALL of these require YOUR choice, and YOUR action WHY did we see a regress of maturity and cognitive capability among a younger generation?   Not realizing that solving problems IS THE JOB ROLE Because outside forces stepped in (including us in this room) and did not allow them to work the muscle of their own independence! What we touted as flexibility became inactivity and apathy…just waiting.  We've done much the same in our business trying to remove people from the challenge of solving problems… We have a tool called the Ideal Weekly Schedule…it is among the SIMPLEST tools a BOP coach brings in their toolbelt. You want the adherence level of an Ideal Weekly Schedule is?  30 minutes of pre-work 2 minutes of review daily UNLIMITED discipline and implementation Parkinson's Law tells us that “work expands to the time allotted” Was challenged to do a duel The night before the duel, he wrote letters to friends… Then wrote his “Mathematical Testament” that changed the entire landscape of modern math…IN ONE NIGHT Annie Dillard - a weekly schedule is “willed, faked and so brought into being” Give yourself a week and you'll take a week…give yourself an hour and you'll take an hour EVARISTE GALOISE A POLITICAL ACTIVIST AND MATHEMATICIAN…and a man of turmoil Less than 20% if we're being very generous You know what an Ideal Weekly Schedule requires?   A manufactured stricture of our time creates urgency Instead of the weekly schedule, we look at the sub-contractor, the vendor, the customer, our own team and point our finger at them blaming our haphazard week on outside forces. We assume all MEANINGFUL time means personal time Assuming you believe in creation, one of the very first things we as humans were created to do was to WORK There is MEANING IN WORK. THAT IS FULL TIME -> BEST EFFORT YOU OWN YOUR TIME, and YOU WANT THAT TIME TO BE MEANINGFUL within the helpful expectations your business has helped set for you Not to work ALWAYS Not to work SOMETIMES We were designed to work, and rest, and work, and rest…a rhythm When we surround ourselves with the accountability of coaching (internally and externally), we are pushed to work and rest When we lead a person who needs to BE coached, we surround them with the accountability to work and rest, work and rest REALITY: We are trying to rest, pass it off as work and excuse it as “flexibility” Our current narrative: “I need flexibility to interrupt the drudgery of work to take care of life” Let's reframe the narrative:  “Technology has provided the flexibility to check in on life while I'm doing meaningful work, and to be fully present in life while I am resting from work” Coaching will hold you accountable so you can find meaning in both.  By which YOU can now coach others to do the same. The Second reminder of meaningful work: happiness is elusive, joy is manufactured Full confession - I'm teaching this as a student…not the expert Hedonic treadmill:  “these conveniences by becoming habitual had almost entirely ceased to be enjoyable, and at the same time degenerated into true needs, it became much more cruel to be deprived of them than to possess them was sweet, and men were unhappy to lose them without being happy to possess them.” - Jean-Jacques Rousseau TRUE STORY: We've achieved a lot of chaos-busting tools and coaching, and yet a failure that we have had at BOP since we started in 2015 is building an incentive compensation structure and coaching module that works for everyone A constantly rising tide that could go up…or down leaving the business in a tough spot if it doled out its reserves.   We have never seen more than 10-15% of employees offer a sincere and non-expectant thank you for additional compensation received (bonuses, etc.) Why? The joy of possessing them was immediately rooted out by the numbness of expecting them Why have we pushed so hard against year-end, random bonuses?  B/c the human psyche can't help but see it as a recurring expectation…joy is lost b/c the convenience was never found… FLIP THE NARRATIVE IN YOUR HEAD: “All joy…make it your in-front-of thought” James 1:2 - James was the son of an Israeli Construction worker who lived in a village town between Haifa on the Mediterranean and the modern Sea of Galilee When they were older, his brother was falsely accused of a crime, and murdered in public James was beheaded because of his teaching and his body buried in Spain  What was the message he taught?  “All joy…make it your in-front-of (first before any) thought” What is joy - a willful acceptance that a situation has brought you favor Testing leads to endurance Endurance leads to growth Growth leads to fullness Fullness is the opposite of emptiness which is what many of us feel now.   Choosing Joy in hard things = Satisfaction and not emptiness WHY JOY? ACTION:  A NEW QUESTION TO ADD FOR CHECK IN: “what hard thing happened this week that you can find joy in?” Third, your job is to swim in a pool of problems and solve them This was the wisdom of the great Vanilla Ice - “If you've got a problem, yo, I'll solve it…”  Without a PROBLEM, there is no need for a solution, therefore no need for job roles…no need for services and products.   Artif. Intel. can now perform both repetitive and non-repetitive tasks But they cannot solve problems with a human touch  Your role exists b/c of PROBLEMS, so it is unreasonable for any of us to be convinced that your role will be without continuous challenge Fortitude: courage in pain and adversity…courage when problems persist A new training course at USC: How to Fail: A Resilience Building Workshop Universities across the country are seeing the need for proactive training in the area of  a) identifying problems,  b) learn from problems  c) solve problems,  d) endure thru problems We are in a space and time where we need to embrace the power both of the problem, and finding joy in solving the problem Billing glitch…opportunity for gratitude that you get to solve it Sub-contractor no show…opportunity for gratitude that you get to solve it Client won't follow through…opportunity for gratitude that you get to solve it Marketing machine is not delivering leads…opportunity for gratitude that you get to solve it Sales conversions hit or miss…opportunity for gratitude that you get to solve it It is time to boundary ourselves and get BACK to the work of solving problems where we can use Technology to allow for the flexibility to check in on life while I'm doing meaningful work, and to be fully present in life while I am resting from work Over the next two hours we have set the table for you to either wallow in a large, easy pool of pity…or to put your cape on, take a deep breath, and go to work to solve important problems that will change your life…and in turn, you will change my life. One of our 5 core values is WRITE IT DOWN…what is the ONE thing that jumps out at you, you want to work on?

Thrive State   Thrive State is a state of being. It's an energy you feel in yourself, a frequency in your body, and that vibration goes out, and other people feel.    When we are told by the world that we are not loved, we start covering it up with pain and trauma and adopt being somebody else. We give our body stress signals—and when we feel stressed out, we don't sleep well, eat well, move well, and connect well. This stressful signal goes to our cells, and information will go up, and our immune system will go down. Thrive State is about the basic tenets of how to be a good human being. The Thrive State book is all the research about the fact that how we live our life is medicine. The thrive state vibration is about giving love.   How we live our life is Medicine   Blue Zones are areas where people are living the longest because the ways they live life actually give them life. Translating sociological data to biochemistry and molecular biology of ourselves.   Achieving higher vibration   Every single choice we make changes the vibrational energy of our being. And that vibrational energy does not only affect the people around us; it affects every single cell in our body.    We live our lives by remembering to make choices that create a beautiful life. We just need to understand that every single choice leads to an action or habit that leads to the vibration that we give to ourselves and the people around us.    Navigating Information Overload   There is a hyperbole of information out there. Finding yourself and space for yourself is very important. Take a pause. When you're still, you activate the parasympathetic system. If you trust your intuition on the information out there, you're gonna feel it and sense it, And with that, you can slowly take tiny steps to each and every choice that you make every day.   Happiness, Health and Well-being   Hedonic happiness is the pleasure that you get from things. You get the things that make you happy, so you continue to uplevel that for you to continue to be happy. Eudaimonic happiness is the feeling you have when you are connected with something bigger. That is the happiness associated with purpose.  The things that put people in a stressful state are the programming and ego. When ego is always thriving, you are always looking to serve yourself, chasing success. You go to surviving mode. But when you are just yourself and telling your body you're good, not stressed out, and enough, you are turning off the survival mode. You turn the thrive state signals.   Recovery and Technology   Technology is good but there's limitations and limiting circumstances, like money. They're good for identifying trends but not necessarily accurate. Best to ask yourself how you feel. Technology is not necessary to get you to your optimal self.   Work Culture, Sleep and Health Sleep is not for the weak–we all need it. We need to get a good night's sleep to be in the best state. If you want to have a good work culture, rest you people.   Start with the basics   Start with one, with the easiest thing for you. For me, the most important thing is rediscovering who I really am.  There is love in every single moment. Continue working on all those different layers of trauma and old conditioning and the more you do that work, the more you will be aware that you are in control of choices that you make. Breathwork has been transformative in unpacking the love vibration.   Advice from the Future Kien: You are nothing but love. Everything you think you have to do or achieve, you don't have to. Recognize the abundant amount of love you have in your life.  

We all need a little hedonism in our lives sometimes. A spa day, a good meal ... and modeling to account for quality change? Today, how economists model pleasure – and what it means for inflation data.For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.