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Garth Heckman The David Alliance TDAgiantSlayer@Gmail.com #The brotherhood manifesto #TripleCsurvivor What's the best bible? NIV, NLT, GV, NASB, KJV, NKJV, IOU, NBA, NFL or the one I love the Wuest translation…. But you wanna know truly the best bible version? Its the one you read. Wuest Study bible is the best near greek experience in English for a bible. 1. The Crisis of Identity (The "Manual" Problem) Many men today are trying to build lives, careers, and families without ever reading the "manufacturer's instructions." When we don't know the Word, we define our masculinity by cultural trends—which change like the wind—rather than the unchanging character of God. The Result: A generation of men who are "spiritual orphans," unsure of their true calling or value. The Fix: Realizing that the Bible isn't just a history book; it is the primary source for a man's identity. 2. The Erosion of Leadership (The "Compass" Problem) A man cannot lead his family, his business, or his community to a destination he hasn't seen. Biblical illiteracy leaves men without a moral or spiritual compass. When a crisis hits, an illiterate man reacts based on emotion or instinct rather than responding based on Truth. The Result: Passive leadership at home and a lack of conviction in the public square. The Fix: Internalizing Scripture so that decision-making becomes an act of obedience rather than a guessing game. 3. The Power of the "Sword" (The "Weapon" Problem) In the New Testament, the Word of God is described as a double-edged sword. A man who doesn't know the Bible is essentially walking onto a battlefield unarmed. We cannot fight temptation, pass on a legacy to our children, or stand firm against injustice if we don't know the promises and commands of God. The Result: Men who are easily discouraged, defeated by habit, and unable to mentor the next generation. The Fix: Moving from "casual reading" to "intentional study," treating the Bible as a vital tool for daily survival and victory. "A Bible that's falling apart usually belongs to a person who isn't." — Charles Spurgeon
The Wealthy Woman's Podcast | Save Money, Invest, Build Wealth, Manage Money, Overspending, Finances
In this episode of Becoming the Wealthy You, I am joined by a true powerhouse in the real estate world, Scott Carson. Scott brings over 20 years of experience to the table, specifically in the niche of distressed properties and mortgage debt. If you have ever felt like you're making good money but aren't building the legacy you want, this conversation is exactly what you need to hear.My Mission for YouMy goal is always to help you stop overspending, break free from the cycle of debt, and become the wealthy woman you were born to be. Real estate is a massive piece of that puzzle, but I know it can feel intimidating. Scott and I dive deep into how you can start small, stay safe, and make your money work harder than you do.Redefining "Investment"We start with a question many of you have asked: Is your own home an investment?. Scott breaks down why your primary residence is likely your biggest asset, but he also introduces the concept of "House Hacking"—using duplexes or fourplexes to let others pay your mortgage while you build equity.Becoming the Bank with Note InvestingOne of the most fascinating parts of our talk is Scott's expertise in Note Investing. Imagine receiving monthly payments without the headaches of being a landlord. Scott explains how buying the "IOU" from banks allows you to earn 8% to 12% returns while a third-party company handles the collections. It's a game-changer for those seeking more passive income.Key Takeaways for Your Wealth Journey:You Don't Need Perfect Credit: Scott shares his personal story of starting over after a foreclosure and how networking with private lenders can fund your deals.The "Numbers Over Emotions" Rule: We discuss the "Oh That's So Cute" (OTSC) syndrome. If you want to succeed, you have to take the emotion out and let the data drive your decisions.Financial Foundations First: Before you buy your first rental, ensure you have your six-month emergency fund and your retirement accounts in place.The Power of Local Networks: Why your first step shouldn't be a generic online course, but your local real estate investment club.About My GuestScott Carson is the host of The Note Closers Show and the principal at WeCloseNotes.com. He is a wealth of knowledge for anyone looking to get their hands dirty in the market or invest passively through notes.Connect with Me: Ready to tackle your money challenges head-on? Book a complimentary one-to-one money consultation with me at germanefoley.com/consult."You don't necessarily wanna swap one job for another job... make sure the numbers work for you."If this episode helped you, please leave a five-star review and subscribe! It helps me reach more women just like you.Scott CarsonWeCloseNotes.com(512) 585-3810BOOK A CALL WITH METalk With My AI CloneLISTEN TO OUR #1 PODCASTSIGN UP FOR OUR NEXT WORKSHOPCLICK HERE to save your seat for the Stop Overspending Masterclass that's happening on Sunday, May 17th at 4pm Eastern.
In this episode, Monika Halan simplifies one of the most misunderstood parts of personal finance—bonds and debt funds. She explains that a bond is essentially an “IOU,” where governments or companies borrow money and promise to pay interest along with the principal at maturity. Breaking down concepts like coupon, maturity, and face value, she highlights the single most important rule of the bond market—the inverse relationship between interest rates and bond prices. This foundational idea explains why bond investments behave the way they do.She then expands the discussion to debt mutual funds, which allow investors to access the bond market without directly buying individual bonds. She walks through different types of debt funds—ranging from liquid and short-duration funds to gilt and long-duration funds—along with their varying risk levels. The episode also explains the two key risks in debt investing: interest rate risk and credit risk. Using simple mental models, she helps listeners understand when to choose different types of funds and how they compare with fixed deposits in terms of returns, risk, liquidity, and flexibility.In listener queries, Ajay Sojitra from Surat shares his detailed financial plan and early retirement goal, where the advice focuses on increasing equity allocation, securing independent health insurance, and setting more realistic retirement expectations. Ananda Bhattacharyya from Kolkata asks about Macaulay Duration, which is explained as a measure of how long it takes to recover investment value from a bond and its importance in assessing interest rate risk. Raghavendiran Sudhakaran seeks clarity on international investing, where the guidance is to first build a strong domestic portfolio and limit global exposure to a small portion for diversification.Chapters:(00:00 – 00:00) Understanding Bonds, Interest Rates and Debt Mutual Funds(00:00 – 00:00) Types of Debt Funds, Risks and How to Choose Them(00:00 – 00:00) Planning Early Retirement, Asset Allocation and Health Insurance(00:00 – 00:00) What is Macaulay Duration and Why It Matters in Debt Funds(00:00 – 00:00) Should You Invest in International Mutual Funds?If you have financial questions that you'd like answers for, please email us at mailme@monikahalan.com Monika's book on basic money managementhttps://www.monikahalan.com/lets-talk-money-english/Monika's book on mutual fundshttps://www.monikahalan.com/lets-talk-mutual-funds/Monika's workbook on recording your financial lifehttps://www.monikahalan.com/lets-talk-legacy/Calculatorshttps://investor.sebi.gov.in/calculators/index.htmlYou can find Monika on her social media @monikahalan. Twitter @MonikaHalanInstagram @MonikaHalanFacebook @MonikaHalanLinkedIn @MonikaHalanProduction House: www.inoutcreatives.comProduction Assistant: Anshika Gogoi
We're re-hashing our IOU chat to hold Jack accountable - has he paid back his parents back? or his friend, Lucy? Not even Chrissie Swan? Plus, we need to talk about some stuff going on with our councils around the country. See omnystudio.com/listener for privacy information.
British Airways is testing in-flight phone calls with Starlink, as luxury hotel brand Montage doubles down on slow growth and hotel giants sit on billions in unredeemed loyalty points. On today's Skift Daily Briefing, Sarah Dandashy breaks down why in-flight calls could reshape cabin etiquette, how Montage is scaling luxury without losing its identity, and what the growing “loyalty IOU” really means for travelers. This episode is presented by Lodgify! Articles Referenced: Honorable Mention: @AskAConcierge on IGBritish Airways Will Allow In-Flight Calls With StarlinkHow Montage Is Scaling Luxury Brands — Slowly, and With PurposeThe $7 Billion Loyalty IOU: What Marriott and Hilton Owe Members Connect with Skift LinkedIn: https://www.linkedin.com/company/skift/WhatsApp: https://whatsapp.com/channel/0029VaAL375LikgIXmNPYQ0L/Facebook: https://facebook.com/skiftnewsInstagram: https://www.instagram.com/skiftnews/Threads: https://www.threads.net/@skiftnewsBluesky: https://bsky.app/profile/skiftnews.bsky.socialX: https://twitter.com/skift Subscribe to @SkiftNews and never miss an update from the travel industry.
A steady paycheck can feel like “wisdom” until you realize it is actually fear wearing a suit. That realization sits at the heart of my conversation with Kent Chevalier, the Pittsburgh Steelers team chaplain and the author of Do It Afraid, a book built for leaders who feel called to more but keep hesitating at the edge of the jump.• a childhood IOU note and how scarcity quietly shapes leadership decisions• why comfort, familiarity, and responsibility can smother purpose• the birds' nest story that clarified calling and provision• “What God initiates, He permeates, and why self-started plans drain us• LEAP and PRAY as a simple framework for big decisions• expressing fear without shame and why real men cry out to God• identity beyond performance and the pressure elite athletes carry• active waiting through spiritual disciplines instead of doomscrolling• delayed obedience as a form of disobedience and why Jesus is not a buffet lineKent takes us back to a childhood moment in western Pennsylvania that planted a scarcity story in his heart, then walks us forward into the very adult struggle of responsibility, comfort, and control. We talk about what holds people back from their God-given purpose, why familiarity can quietly erase a dream, and how God used an unexpected bird's nest on a patio to drive the message home: you are more valuable than the birds, and God can provide when you step out in faith. If you have ever felt stuck between obedience and “being practical,” this will hit home.We also dig into a simple, repeatable decision-making approach from Kent's work, including the LEAP framework and the discipline of active waiting. That leads to some of the most honest parts of the conversation: how high performers handle anxiety, why expressing fear is not weakness, and how identity gets tangled up with performance in the NFL and in everyday leadership. Kent shares lessons he has learned alongside Coach Mike Tomlin and Steelers players, plus a direct challenge about obedience: what God reveals is not meant to be negotiated.
Private credit woes continue! Investors continue to worry about the private credit market and this week has been filled with troubling news from the sector. According to the Financial Times, Glendon Capital Management said private credit funds run by Blue Owl (OWL) and several of its peers may have understated loss rates in their portfolios, suggesting actual losses could be higher than reported. This has led to concerns around the “true valuation” of these assets. This wouldn't be surprising given the little clarity that we have for these loans. We also saw JPMorgan Chase take a conservative approach and mark down the value of some loans tied to private credit vehicles. All the negativity has now caused investors to question the long-term viability of this investment, and many are now wanting to redeem their shares. The problem is these companies don't have to give you all your money back when you ask for it. Blackrock, Morgan Stanley, and Cliffwater all had to curb withdrawals as requests exceeded the pre-existing limit, which normally looks to be around 5%. Looking at Morgan Stanley's North Haven Private Income fund in particular, redemption requests totaled 10.9% of shares outstanding in Q1 and the fund said it would honor 5% of those requests, which is roughly just 45.8% of each investor's tender request. This now means those investors have to continue holding the fund until next quarter and can try again at that time to sell additional shares. I also recently learned of a term in the private credit space called Paid in Kind interest, also referred to as PIK. It is essentially an IOU that borrowers give to lenders instead of cash. When this occurs, the borrower's debt just increases by the interest due rather than the borrower needing to make an interest payment. The crazy thing is that these PIK receipts are still counted as interest income and it counts towards the management fee. An analyst by the name of Ron Kahn, who runs a unit at the Chicago investment bank Lincoln International that does valuations for about a third of all U.S. private credit loans, wondered why private credit companies were showing such few defaults. What he found was lenders were proactively amending loan agreements by allowing PIK interest rather than cash payment so they could avoid default. Lincoln International saw private credit loans with PIK interest rise to 11% at the end of 2025, which was up from 5% in early 2022. There are many concerns in this space right now and I'm sure glad I don't have any assets in this space! Prediction markets are hitting college campuses to find gamblers Prediction markets have something FanDuel and DraftKings don't, access to the 18 to 21-year-olds in college. Gambling is generally limited to adults 21 years or older, however, prediction markets that are run by companies like Polymarket and Kalshi are trades that are regulated as financial derivative contracts by the Commodity Future Trading Commission. This allows anyone 18 years or older to gamble using these prediction markets. Both Kalshi and Polymarket are hitting college campuses across the country and throwing cash around to lure in 18 to 21-year-old students to place bets via the prediction market. They are doing this by using fraternities and even campus clubs to promote their platforms and in some cases, they pay them $10 per each new account they sign up. There was one fraternity who received $30,510 in two weeks which the fraternity used for parties and new furniture. They are also using student influencers as brand representatives to sell other students on the prediction market. These two companies have no shame as they have even used college athletes to influence others to bet on sports with prediction markets. Don't pay attention to the price of oil on a daily basis I say that because there's so much speculation out there and likely the information you receive on the price of oil is useless when you look forward to a few months and maybe even just a few weeks from now. Last week the price of oil surged around 35%, but on Monday after comments from the President that this will not last long in the Middle East, crude oil fell back down to under $85 a barrel. Why is this volatility in the price of oil happening? Roughly 20% of global oil consumption is exported through the Strait of Hormuz and about 20% liquefied natural gas exports worldwide also pass through the narrow waterway. The United States over the years along with other allies have spent billions of dollars making sure the waterway remains open. At the smallest part it is only 21 miles across and to the northeast there sits, Iran. Officially the waterway is not closed or blocked physically, but there are concerns of going through the strait for fear of being hit by a missile shot from Iran. The other concern is how long this will go on because storage facilities for oil have pretty much reached full capacity and when that happens the producers need to turn off the well in a process known as “shutting in” occurs. When this happens, there can be problems and delays turning the wells back on and some may not regain the original flow. As you can tell, it is not a simple process and it's not just oil that's goes through the strait but also liquified natural gas and even large amounts of fertilizer flow through the area as well. I would not recommend making any investment decisions during this time around anything that has to do with oil or even energy for that matter. The International Energy Agency (IEA) agrees to historic oil release The IEA, which is an organization of 32 member countries primarily with advanced economies in Europe, North America and northeast Asia, agreed to release 400 million barrels of oil from strategic reserves. Currently, IEA members hold more than 1.2 billion barrels of public emergency oil stocks, with a further 600 million barrels of industry stocks held under government obligation. While the strategic release is helpful, it is only a temporary fix considering nearly 20 million barrels passes through the Strait of Hormuz per day in normal times. China also could help with oil prices if it reduced its purchasing or released some of its stockpile. Ahead of the war China was buying oil at an elevated rate and in the first two months of the year, crude imports soared 15.8% compared to a year earlier. It's estimated as of January China had a stockpile of 1.2 billion barrels as well. China has also been continuing to receive oil from Iran and since the war began it's estimated they've received close to 12 million barrels from the country. Surprise.... Gen Z is going to the mall for in-person shopping! You may be hearing that younger people don't go to the mall any longer, but that is not true, it's just a little bit different than when people went 20 years ago. Gen Z, the generation consisting of 14 to 29-year-olds, shops at the mall but first they check online sources like Instagram and TikTok to see what's in style. According to Nielsen IQ, the global annual retail spending by this generation is expected to be over $12 trillion by 2030. Shoppers between 18 and 24 years old made 62% of their general merchandise purchases in stores last year, but shoppers 25 and older made just 52% of their purchases in person. Some of the reasons given for the in-person preference was that Gen Z does not like to pay the shipping fees along with common sense things like they want to touch the item and see it in person especially if it's clothing, they want to see how it looks on them. Malls understand this, and many of them have actually set up areas so that the young shoppers can take their selfies in fitting rooms and other areas that are social media friendly. If you're a salesperson in a retail store and if you're talking to this generation, you'd better be up to date when it comes to what's going on in social media. Some salespeople even have a tablet to show shoppers how influencers are styling different items. It is a misconception that this generation is averse to talking to people, but how you talk to them is different. They'd rather get their advice from an influencer or a friend rather than a salesperson. Companies Discussed: The Gap, Inc. (GAP), StubHub Holdings, Inc. (STUB), Delta Air Lines, Inc. (DAL) & Uber Technologies, Inc. (UBER)
Nobody likes tax season. But for new retirees, it can come with a few unwelcome surprises. The rules have changed, the income sources have shifted, and strategies that made sense during your working years may no longer apply. Today, we're looking at some of the biggest tax mistakes retirees make, as discussed in a recent Kiplinger article, and whether these match what we see in the real world. Important Links: Website: http://www.yourplanningpros.com Call: 844-707-7381 ----more---- Transcript: Speaker 1 00:01 Nobody likes tax season, and certainly not even Tony Morrow here on playing with the tax man. But for new retirees, it can also come with a few unwelcome surprises. So this week on the podcast, let's talk about tax mistakes new retirees make. Look up in the sky. It's a bird. Nick 00:17 It's a plane. No, it's the tax man. He may not be a superhero, but Tony Morrow has saved many retirement plans with his extreme knowledge of tax planning strategies. It's time for plan with the tax man. Speaker 1 00:32 Everybody welcome into the podcast. Thanks for playing tour. Thanks for hanging out with us here on plan with the tax man. If I can get my thoughts together, Tony, it is tax season. And I made the joke there in the intro that not even you like taxes, even though it is obviously something you've been doing for a long time as a CPA and a CFP and an EA of 30 plus years. But it is a it is a hectic, confusing time, for sure, every year, isn't it? It really is. And as we're taping this, we're right in the midst of it. And it seems to me, you know, I mean, we like helping clients, but this truly is, you know, compliance season, you know, and the tax planning has to go on before after this. And so what I find, ever since covid, it seems like taxpayers, our clients anyway, tend to really just kind of put it off. And, you know, we're down to kind of where we prepare tax. Most of our tax returns is March and April. It used to be kind of from mid January on, but yeah, stuff gets out later and everything's slower, yeah, Tony Mauro 01:31 yep, yeah. So it is a hectic time. And I understand, from a taxpayer standpoint, nobody likes to gather all their stuff and they put it off and yeah, you know, Speaker 1 01:40 yeah, yeah. So yeah. But we were just talking before we started the podcast, folks, and I was saying, I got to get my stuff over to my CPA. And of course, you know, he was like, Well, why isn't toning your CPA? Well, we're in two different parts of the country, so that's the beauty of the internet. But, but, and he's, you know, he's like, look, my public service announcement to everybody out there is, get them this information as soon as possible, so they have time. And I was like, Okay, I'll get it over there. So I got scolded. So not that, not that we, all, you know, don't do it right from time to time, Tony, but yeah, the sooner we can get it in, the better, right? But it is. Let's talk about tax mistakes for new retirees, specifically on this week's podcast. Okay, because there's a recent article from Kiplinger, we'll put a link into it there, talking about big mistakes that tax retiree new retirees make. And so we'll focus on some of those comments there, and just kind of get your thoughts on it and see how it matches up with what you see, you know, in the real world, right, from just you know, from just an author as an article standpoint, versus what you see in the trenches. So starting the conversation with ignoring the upcoming RMDs, especially if it's your first one, right? Yeah, so you got to be careful here. So talk to me a little bit about that, and some of the stuff you Tony Mauro 02:49 see, well, some of the stuff we see, and we, you know, base what we see, because a lot of our retail tax clients are retirees or nearing retirement, and so we do see a lot of these things come up, rather than, you know, working with the younger crowd who don't have these problems yet, but they will. But yeah, ignoring the RMDs. I mean, RMD is required minimum distribution, you know, for those that are unaware. And so you you may have an IOU to the government for these, and they're going to come knocking and say, hey, look, once you reach a certain age, at 73 now and 75 for people like me, born after 1960 you need to start taking money out of your tax deferred accounts, because the government says you have to, because they want their their tax. They want their cut. That's right, they want their cut. So it's important that you work with your advisor or figure this out, because there is a large penalty if you delay this past the date you're supposed to do it, so you don't want to get in that situation, and then you have to start taking this money out every year, which creates a little bit of a tax problem, because you're going to, you're going to have some taxes due on this and whatnot. But the kind of, the hidden problem is, is the government will allow you to defer this a little bit past your full retirement age or your RMD age, but you got to be careful, because then you could end up taking two in one year if you wait till the last minute. So you want to plan this carefully, Speaker 1 04:08 and you can do that the first time, right. Tony, you can push it back on that first one, but to your point, you'd have to take two, and that could cause you to bump a tax bracket if you're not careful, right? If you're Tony Mauro 04:20 not careful, depending on how much you have to take out, you hate to go into the next tax bracket and pay some extra tax needlessly, when just a little bit of planning could have saved you. That Gotcha. So I would stay, you know, stay ahead of that and work with your advisor. So, you know, these important dates coming up and your options, yeah, you know. Speaker 1 04:37 And of course, we're off conversion conversations, and are going to can fall into there. And, you know, just again, getting efficient with it and getting handled is just gonna remove some of that stress. And people are always the question always comes back, I don't need it. Why do I gotta take it? Well, we said it a minute ago. The government wants their cut, right, right? They want their cut. There's no way around it. People often ask that question to Tony. They're. Like, how do I get out of the RMDs? It's like, well, you don't, well, I heard a Roth conversion gets me out of it. No, you're just convert. You're still paying the taxes. You're just moving it to an account that you want, that your heirs won't have to deal with, or, you know, later on, Tony Mauro 05:12 that's right. And Roth conversions really can be a really powerful tool. We use them all throughout the age brackets, depending on your stance on, you know, if you want it, you know, tax free forever, or tax deferred, and worry about it later. But Roth conversions, if done correctly, you know, and you gradually do them over, you know, especially your early retirement years. So really, what that means is, all you're doing is taking money out before your RMD, paying taxes on it now, no penalties, right? And filling up the tax bracket you're in not going into the next one, so you're not paying tax needlessly. And then you got, you've got that money out of Uncle Sam's crosshairs for the tax IOU, because it's, it's now tax free forever, the earnings, and, of course, the principal, Speaker 1 05:57 yeah, and keep So, yeah, yeah. And definitely keep in mind, I say, like the state you're in, right, their state, lower tax, state issues. You know, people often think about moving as part of that equation when thinking about Roth's right, or the Social Security factors, Irma right, triggering the Irma cost. So just make sure that if you are considering a conversion, you're doing it correctly. Tony Mauro 06:16 Yeah, and all of those points are good points, because all that stuff comes into play. I get a lot of seniors. Do they get tripped up on the higher Medicare costs, because all of a sudden, you know, their income is way high, and then they get a bigger Medicare bill. Course, it's coming out of their Social Security. And then they're mad. You could file some forms and do some things there to get it back lowered, but it's just more work and more, you know, and it's tricky too, Tony, because it's a two year. Look back. Two year, look back. Yeah, so it's, again, a little planning goes a long way in this area, you know, going back to my first point, all of these require some planning, but it's not difficult. It's just you got to have the conversations. Speaker 1 06:54 Well, you and I were chatting when we first kicked things off that people are owing a bit this year. You're doing some returns, and people are, you know, and you know, and you were kind of surprised to see a few more people owing, which is interesting, because, you know, we were seeing a lot of reports in February that, you know, with the new tax law changes and things that they expect more people to get, you know, returns and so some confusion, again, around the whole social security piece. So again, as a new retiree, that's our conversation point today, getting blindsided by Social Security taxes is a thing, and unfortunately, the confusion around what happened with the passing of the Oba is still tripping some people up. Right? They did not remove taxation on Social Security. They added a senior deduction, right? Added a senior Tony Mauro 07:39 deduction, which is helpful for the seniors who don't have a lot of other income outside of Social Security and a few other sources, but it's not as helpful to the higher income retirees, because it does get phased out. They don't mention that. And what happens? What I've been seeing this year as we were talking is I see a lot of people that are at their full retirement age or beyond, and starting to take out and spend some of their money, which is great, sure, but what they're getting tripped up on is, like you said, Social Security is not tax free. It's partially taxable with other income sources. So what's happening is is their their income they're taking from their 401, k's and everything else and their investments is now causing more of their Social Security to be taxed. And generally, people don't have taxes withheld from their social security so that their tax bill goes up. So yeah, again, I think with some planning and some coordination, you can pull money from different accounts in a particular order so you don't have that and, Speaker 1 08:37 yeah, that's a great point. People, yeah, right. How are you pulling it, and where and when are you pulling it, to avoid those little, I guess, those little tax traps, right? Yeah, these little snafus, you know? And so, yeah, that's a big one as well. Start putting some of these things together, if you you know, if all three of them are happening, correct? And, you know, all of a sudden you got a pretty big, pretty big, good increase in there. Like, What the Hey, it just what happened here? Yeah, exactly. So, all right, and then another one that trips people up, and we'll do one more point here is forgetting to plan for the spouse or The Heirs I mentioned earlier, right? Your heirs might appreciate, you know, you leaving them money, you know, tax efficiently, right? You might think, well, that's their problem. I'm gone. I don't care. They can deal with it. But you might not feel that impact, Tony, but of course, again, like I said, Your loved ones will. And certainly, I think most people, if we're in a position to be more tax efficient with with the legacy, why not do it right? But talk to me about some of the different things dealing with, you know, when planning for the spouse or The Heirs? Tony Mauro 09:36 Yeah, when, when you have a one of the spouses passing, a lot of people don't think about how this shifts so quickly. Why would you right? 40 years you're finally married filing jointly, all of a sudden, yeah, boom, you know, now you're filing single, which is a different and generally higher tax rate on the same income. Your Medicare thresholds drop. One of your social securities goes bye, bye, and disappear. Years. Now you can file on the higher one, but you're not going to get two. You're going to get one, possibly a pension too. Goes bye, bye, if you didn't select the option right and select the option, we see a lot of people not knowing their options. When they select an option and they hire, they choose the highest option, and then they're dumbfounded when the spouse dies and it goes away, you know, and then really just kind of becomes, you know, more of a burden, I think, if that starts happening, adding to the other you know, things we just talked about with this increased in tax so even though you're gone, you know, your your loved ones might be filling a tax bill, but they probably gonna have the money to do it. But again, they're needlessly wasting money, and all it would take is just a little bit of planning. And most of this stuff isn't going to cost you a dime. Might cost you a little tax if you do Roth conversions, but hopefully you're minimizing that, and you can really save a lot of money, even trickling down to your heirs if you if you pass away. Speaker 1 10:57 Yeah, and I think again, tax efficiency comes into the conversation. You know, we talked many times here on the podcast about the removal of the stretch IRA, right? So when leaving money, if you've got that IRA, you gotta, you know, we'll just make it easy. Math here, you got that million bucks, then an IRA, and you want to leave it to whomever, unless it's going to the spouse that's going to have to be taken out in 10 years. Now, because they got rid of the stretch Ira used to could go to the kids, and the kids could stretch it out over their lifetime. They can't do that anymore, right? But if it goes to the spouse, right? It becomes basically their own IRA. So in that regard, that's still fine. Tony Mauro 11:30 That's still fine, yeah, and at least you can, you know, stretch it out a little bit, type of thing. But like in, in my father's case, he's still living. He's got a rollover IRA, and his spouse is gone. My mom is gone, and so we will, you know, if he's got any left in that, we'll have to take that out over the next 10 years, right? And pay our taxes. Speaker 1 11:47 Finally, speaking of the government finally gave you guys guidelines on that, right? They put that into play, what, five years ago, and they're just now, you know, the last, last maybe year and year and a half, they're going, Okay, here's what we meant, Tony Mauro 12:00 yeah, I think the whole covid thing affected a lot of that, you know, and they're just kind of starting to get back on their feet a little bit with that. And, you know, yeah, we're just now getting guidance on that. So it's still kind of a weird area, murky Speaker 1 12:12 waters, yeah, yeah. So again, there's lots of different things you need to think about when leaving, you know, planning for a spouse. And again, we're talking about taxation today, obviously leaving a legacy. In general, there's a lot of things to think about, but just tax mistakes, new retires. New retirees can sometimes trip up on the big one being ignoring those RMDs that we talked about, Roth conversions not done at all or done wrong, and, of course, getting blindsided by Social Security. So if any of those things are pain points that you're concerned about make sure you're having a conversation tax mistakes and retirement are rarely about being careless Tony. They're just usually about not knowing what you didn't know, right? Tony Mauro 12:49 Not knowing what you didn't know. And yes, and I would you know, strongly suggest now you do have a little bit of information those that are listening, but it's one of the things that an advisor who's a tax guy or gal has to talk about, versus maybe, you know, someone that doesn't, is the tax efficiency of how you're going to plan and, you know, take money from your retirement. Speaker 1 13:12 Yeah, a lot of financial professionals are like, Hey, let's make sure you consult with your CPA. You know, whenever you're, you know, whatever these things that we're doing. And don't get me wrong, a lot of financial advisors have a lot of tax knowledge, they do, but you have both, because your CPA and CFP, right? So, you know, that's you kind of have everything under one roof there. So if you need some help, you know, again, get some help. Because the good news about all of this, right? Is a lot of this stuff is avoidable. With a little planning and a little bit of guidance, you can kind of knock some of this stuff out. So if you need some help, reach out to Tony and his team at your planning pros.com that's your planning pros.com he's got 30 years of experience plus helping people with all of this stuff. So you know, start planning with the tax man today at your planning pros.com and don't forget to subscribe to us on Apple or Spotify or whatever podcasting app you like using. Just type that into the search box, plan with the tax man, or just again, go to his website. Your planning pros.com. Tony, thanks for hanging out. Breaking it down. I will let you dive back into your stack of taxes to work on, and we will see you next time, my friend. All right, we'll Tony Mauro 14:14 see you next time. Thanks. Walter Storholt 14:21 Securities offered through avantax investment services. SM Member FINRA, SIPC investment advisory services offered through avantax advisory services, insurance services offered through an avantax affiliated Insurance Agency. Investment strategies discussed in this episode may not be suitable for all investors. Please consult with a financial professional. Securities offered through Avantax Investment Services SM, member FINRA, SIPC. Investment advisory services offered through Avantax Advisory Services. Insurance services offered through an Avantax affiliated insurance agency. Investment strategies discussed in this episode may not be suitable for all investors. Please consult with a financial professional.
It's tough times for Matt at the moment - his white goods are dropping like flies and he's in the dog house with Laura - but he swears it's not his fault! The guys deep dive into mum rage and Ash has a cracking story about April - his ceiling fan has never looked the same since. And can you give the tooth fairy an IOU if you've got no coins? The boys battle it out over whether we need to keep the magic up for our kids. Plus the boys look at more of the childhood movies that left us all traumatised. If you need a shoulder to cry on: Two Doting Dads Facebook Group: https://www.facebook.com/groups/639833491568735/ YouTube: https://www.youtube.com/@TheTwoDotingDads Instagram: https://www.instagram.com/twodotingdads/ TikTok: https://www.tiktok.com/@twodotingdads See omnystudio.com/listener for privacy information.
The gang introduces a new segment that's a spin on an old classic, opening the door to all sorts of review possibilities. Also, Chris admits a past mistake, Cody gets an IOU, Dave doesn't want to give info for free, and Shaun chooses a different path than Dave.
Yanis Varoufakis and Raphael Arar discuss the Monetary Commons. Find the feed of English episodes only here: https://www.futurehistories-international.com/ You can also import the RSS feed to your favorite app: https://www.futurehistories-international.com/feed.xml Shownotes Yanis' website: https://www.yanisvaroufakis.eu/ Raphael's website: https://rarar.com/ Iza Romanowska at Aarhus University: https://pure.au.dk/portal/en/persons/iza-romanowska/ Hirad's website: https://hiradsab.com/ the Monetary Commons website: https://monetarycommons.com/ Varoufakis, Y. (2024). Technofeudalism. What Killed Capitalism. Vintage Books. https://www.penguin.co.uk/books/451795/technofeudalism-by-varoufakis-yanis/9781529926095 Varoufakis, Y. (2021). Another Now. Melville House. https://www.mhpbooks.com/books/another-now/ on the 2025 German ‘Sondervermögen'/‘The Special Fund for Infrastructure and Climate Neutrality': https://www.bundesfinanzministerium.de/Web/EN/Issues/Public-Finances/SVIK/special-fund-infrastructure-and-climate-neutrality.html on Wolfgang Schäuble: https://en.wikipedia.org/wiki/Wolfgang_Sch%C3%A4uble Graeber, D. (2011). Debt. The first 5,000 Years. Melville House. https://files.libcom.org/files/__Debt__The_First_5_000_Years.pdf on IOU's: https://en.wikipedia.org/wiki/IOU on the Money Market Multiplier: https://en.wikipedia.org/wiki/Money_multiplier on Ludwig Wittgenstein's argument of the impossibility of a private language: https://plato.stanford.edu/entries/private-language/ on the Digital Renminbi in China: https://en.wikipedia.org/wiki/Digital_renminbi on Universal Basic Income (UBI): https://en.wikipedia.org/wiki/Universal_basic_income Berry, C. (2023). The Case for a Universal Basic Dividend. UCL Institute for Innovation and Public Purpose, Policy Brief series 25. https://www.ucl.ac.uk/bartlett/sites/bartlett/files/berry_c_2023._the_case_for_a_universal_basic_dividend.pdf on fiat money: https://en.wikipedia.org/wiki/Fiat_money Varoufakis, Y. (2013). Bitcoin and the Dangerous Fantasy of ‘Apolitical' Money. https://www.yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/ on the case of Nicolas Guillou, French ICC judge, being sanctioned by the US: https://www.lemonde.fr/en/international/article/2025/11/19/nicolas-guillou-french-icc-judge-sanctioned-by-the-us-you-are-effectively-blacklisted-by-much-of-the-world-s-banking-system_6747628_4.html on the distributed ledger technology: https://en.wikipedia.org/wiki/Distributed_ledger Mau, S. (2023). Mute Compulsion. A Marxist Theory of the Economic Power of Capital. Verso. https://www.versobooks.com/products/2759-mute-compulsion McCarthy, M. A. (2025). The Master's Tools. How Finance Wrecked Democracy (And a Radical Plan to Rebuild It). Verso. https://www.versobooks.com/products/755-the-master-s-tools Sorg, C. (2025). Finance as a Form of Economic Planning. Competition & Change, 29(1), 17-37. https://journals.sagepub.com/doi/10.1177/10245294231217578 on citizen's assemblies: https://en.wikipedia.org/wiki/Citizens%27_assembly on the International Monetary Fund (IMF): https://en.wikipedia.org/wiki/International_Monetary_Fund on the Digital Euro: https://www.ecb.europa.eu/euro/digital_euro/html/index.en.html the essay that includes the quote by Peter Thiel on the incompatibility of liberalism/capitalism and democracy: https://www.cato-unbound.org/2009/04/13/peter-thiel/education-libertarian/ on the Meidner Plan: https://jacobin.com/2025/08/sweden-socialism-rehn-meidner-plan on the Trump administration buying 10% of Intel shares: https://www.pbs.org/newshour/politics/what-economic-and-policy-experts-think-about-the-u-s-governments-stake-in-intel on Cloud Capital (see also Yanis' ‘Technofeudalism' book): https://youtu.be/3gsGvgrsyOU?si=fQwW5BEHBFDvB980 on Ursula K. Le Guin: https://de.wikipedia.org/wiki/Ursula_K._Le_Guin the speech including the mentioned quote by her: https://youtu.be/Et9Nf-rsALk?si=VCGW4OoDqY0HXa2E on the 1973 Coup in Chile: https://en.wikipedia.org/wiki/1973_Chilean_coup_d%27%C3%A9tat on Modern Monetary Theory (MMT): https://de.wikipedia.org/wiki/Modern_Monetary_Theory on Fernando Haddad: https://en.wikipedia.org/wiki/Fernando_Haddad on pix: https://en.wikipedia.org/wiki/Pix_(payment_system) on the 2008 financial crisis in Iceland: https://en.wikipedia.org/wiki/2008%E2%80%932011_Icelandic_financial_crisis Future Histories Episodes on Related Topics S3E29 | Nancy Fraser on Alternatives to Capitalism https://www.futurehistories.today/episoden-blog/s03/e29-nancy-fraser-on-alternatives-to-capitalism/ S03E21 | Christoph Sorg zu Finanzwirtschaft als Planung https://www.futurehistories.today/episoden-blog/s03/e21-christoph-sorg-zu-finanzwirtschaft-als-planung/ S03E19 | Wendy Brown on Socialist Governmentality https://www.futurehistories.today/episoden-blog/s03/e19-wendy-brown-on-socialist-governmentality/ S02E34 | tante zu Crypto-Imaginaries und alternativen technologischen Infrastrukturen https://www.futurehistories.today/episoden-blog/s02/e34-tante-zu-crypto-imaginaries-und-alternativen-technologischen-infrastrukturen/ S02E28 | Marcus Meindel zum Global Commoning System https://www.futurehistories.today/episoden-blog/s02/e28-marcus-meindel-zum-global-commoning-system/ S01E59 | Joscha Wullweber zu Zentralbankkapitalismus https://www.futurehistories.today/episoden-blog/s01/e59-joscha-wullweber-zu-zentralbankkapitalismus/ S01E34 | Aaron Sahr zu monetärer Souveränität und Modern Monetary Theory (Teil 2) https://www.futurehistories.today/episoden-blog/s01/e34-aaron-sahr-zu-monetaerer-souveraenitaet-und-modern-monetary-theory-teil-2/ S01E33 | Aaron Sahr zu monetärer Souveränität und Modern Monetary Theory (Teil 1) https://www.futurehistories.today/episoden-blog/s01/e33-aaron-sahr-zu-monetaerer-souveraenitaet-und-modern-monetary-theory-teil-1/ Future Histories Contact & Support If you like Future Histories, please consider supporting us on Patreon: https://www.patreon.com/join/FutureHistories Contact: office@futurehistories.today Twitter: https://twitter.com/FutureHpodcast Instagram: https://www.instagram.com/futurehpodcast/ Mastodon: https://mstdn.social/@FutureHistories English webpage: https://futurehistories-international.com Episode Keywords #YanisVaroufakis, #RaphaelArar #JanGroos, #Interview, #FutureHistories, #FutureHistoriesInternational, #futurehistoriesinternational, #MonetaryCommons, #Commons, #Transition, #Capitalism, #Socialism, #Narratives, #MMT, #CentralBanks, #MoneyCreation, #Commoning, #Finance
Gold is exploding in value, the dollar is imploding, and more Americans are waking up to the truth: the financial system is broken. But there's a critical mistake many are making right now—they think they own gold when all they really have is a digital IOU. The keyword isn't "exposure." It's ownership. And unless you can hold your gold in your hands, you're depending on a fragile system full of counterparty risk.Questions on Protecting Your Wealth with Gold & Silver? Schedule a Strategy Call Here ➡️ https://calendly.com/itmtrading/podcastor Call 866-349-3310
Good morning, afternoon, and good evening, investor! Scott Carson here, ready to tackle the burning questions in the note investing world. I went straight to the source – Google's Gemini AI – and asked for the 20 most frequently asked questions by note investors. And let me tell you, AI did not disappoint! Since so many new folks want to jump into the "sexy side of real estate," I'm breaking down these essential FAQs to help you act like the bank, not the pawn.If you've ever wondered how much cash you really need, whether you own the property (spoiler: you don't!), or how to avoid common pitfalls, this episode is your no-nonsense guide. As I always say, the pen is mightier than the hammer, and these insights are your ultimate toolkit for 2026.Here's your AI-powered cheat sheet to note investing:Note Investing 101: The Basics & Beyond: What's a real estate note? (It's an IOU, baby!). What's the difference between performing, non-performing, and "scratch & dent" loans? And seriously, how much money do you actually need to start? (Hint: it can be less than you think!).Yields, Values & Spreads (No, Not Butter): Unpack what constitutes a "good yield" for performing (9-12%!) and non-performing notes (20%+!). Learn about Investment-to-Value (ITV), Unpaid Principal Balance (UPB), and how to calculate your true return so you're not paying too much for the paper.Due Diligence Decoded (Without Owning the House!): Master the art of checking property condition (BPOs!), title (O&E reports!), and borrower payment history (servicing notes!). Plus, the absolute non-negotiables: collateral files and an unbroken chain of assignments – essential to avoid a "dud" deal.Operations & Management: Who Ya Gonna Call? (Not the Borrower!): Understand why you never call the borrower yourself (it's illegal, buddy!). Learn how servicers manage payments, what happens if a borrower stops paying (loan modifications, cash for keys, foreclosure!), and who's really on the hook for property taxes.Funding Your Future: IRAs & Beyond: Discover how Self-Directed IRAs are a game-changer for note investors, allowing tax-free or deferred growth. Learn about "cash for keys" as a smart exit strategy to avoid costly foreclosures, and why a clear plan beats wishful thinking every time.Whether you're a seasoned pro or just dipping your toes into the "paper investing" world, these 20 FAQs are fundamental. Don't be that person who learns the hard way because they didn't ask. Take action, get educated, and start acting like the bank. Because in the note world, being smart with your debt can make you a whole lot of dough!Want to learn more? Head over to weclosenotes.com, keep listening to the podcast, or sign up for our next workshop at notebuyingfordummies.com. Go out, take some action, everybody, and we'll see you at the top!#NoteInvesting #RealEstateInvesting #NoteInvestingFAQs #AIinRealEstate #PerformingNotes #NonPerformingNotes #DueDiligence #SelfDirectedIRA #CashForKeys #Foreclosure #InvestmentStrategy #RealEstateEducation #PodcastWatch the Original VIDEO HERE!Book a Call With Scott HERE!Sign up for the next FREE One-Day Note Class HERE!Sign up for the WCN Membership HERE!Sign up for the next Note Buying For Dummies Workshop HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest
Lee Markholt: Bull Riding, Old-School Poker, and the Wild West Era of Vegas Games | Table 1 PodcastSome poker careers start with solvers and staking deals.Lee Markholt's started with bulls, butcher shops, and a $10 “please just get on this thing” rodeo spot… and somehow turned into a decades-long poker run that included early WSOP final tables (hello, Daniel Negreanu), WPT cash-game glory, and a whole lot of “I never went broke” discipline.In this episode, Art and Justin sit down with Lee for one of those conversations that feels like you're getting a peek behind the curtain of two disappearing worlds: rodeo and pre-boom poker.What we talk aboutGrowing up in Tacoma + a family story that sends him to the farm at 12The bull riding dream (and the injuries that came with it)Dropping out before high school… then out-working everyone anywayThe moment poker “clicked” during shoulder surgeryEarly card rooms: dealer's choice, stud games, wild stuff, and “IOU poker”Tournaments in the early days (including the legendary Seymour Flop story)Working as a floor / running rooms… and the twist that pushed him into full-time playWSOP memories + the final table where Negreanu won his first bracelet (and the brutal hand)The boom years, shot-taking, bankroll rules, and why Lee never borrowed to stay aliveBellagio's golden era, private-game politics, and why phones changed the feel of pokerWhy Lee game-selects more than ever now (and what he's chasing these days)Quick shoutouts / linksCard Player stories from our episodes:https://table1.vegas/cardplayerWant a seat in our game at Aria?Go to https://table1.vegas → click “Get a seat in the game” and fill out the form. Minimum buy-in $5,000. Art or Justin will text you.SponsorsPhenom Poker — now running daily MTTs (10–12 tournaments a day).First-time depositors can get up to a 200% bonus on $2k when you use our link:https://play.phenompoker.com/register?r=Table1If you enjoyed this one, hit Subscribe and drop a comment with your favorite Lee story — we read them all.Show Notes00:00 Early Cowboy Life & Growing Up Fast10:04 The Bull Riding Days20:07 Lee's Worst Injury & Biggest Rodeo Spots24:01 Getting into Poker & Tournaments31:18 Dropping Bulls for Poker40:22 The Poker Boom & Money Management47:36 From Backers to Binking56:58 Family + Poker1:00:30 Getting Stiffed & Almost Going Broke1:13:39 Make Poker Fun Again!1:25:18 Good Decisions & The Future1:30:56 One More for the Road
We have paper money today because it functioned as an IOU, certifying that the holder could redeem it for an equivalent amount of physical gold or silver from the bank's vault. That’s where the English pound got its name as it matched a specific weight of gold (or silver). This was the gold standard, and this is how banks operated for centuries. But it was largely abandoned after World War I, when governments prevented the withdrawal of gold by suspending the convertibility of their paper money into gold to conserve national gold reserves for purchasing vital war supplies and to allow central banks to print money for financing massive military expenditures. Governments abandoned linking their money to anything at all, giving central banks full control over the money supply. Printing money has led to inflation, national debt, and financial instability, which ultimately fueled the creation of cryptocurrency like Bitcoin as a decentralized, mathematically-scarce alternative. What if things hadn’t happened this way? What if the gold standard survived the Great War? Today’s guest, Saifedean Ammous , imagines this scenario in his new book The Gold Standard: An Alternate Economic History of the 20th Century.” The story begins with a fictional divergence in 1911: French aviation pioneer Louis Blériot partners with the Wright brothers to create the Blériot Transport Corporation (BTC), an airplane-based, peer-to-peer gold-settlement network. This innovative system quickly becomes a secure alternative to central banks. When World War I starts, the BTC offers Europeans a way to export their wealth to neutral countries, escaping central bank war inflation. This triggers a global financial panic in September 1915, bankrupting the world's central banks, abruptly ending the war, and strangling fiat money in its cradle. With the collapse of central banking and the establishment of a free-market, decentralized gold standard, a radically different 20th century unfolds. Hard-money savings become plentiful and cheap, accelerating technological progress, increasing energy production, and fostering a world of appreciating money and declining prices. Without the ability to print money to fund expansive projects, governments become more accountable, transforming into mere service providers whose citizens expect better service at a lower cost. This thought-provoking narrative suggests that the absence of central bank financing could have prevented major 20th-century conflicts, eliminated chronic inflation, and ushered in a "Century of Affluence" based on lower time preference, long-term investment, and voluntary governance.See omnystudio.com/listener for privacy information.
What about Ian Curtis? This question stuck with me for nearly 4 years. Now, as a long-overdue IOU, we are pleased to bring you the story of this outstanding artist. Ian was a visionary. In this, our first chapter, we will see how he became a quiet leader with a passion for music. We will also learn about the unfortunate undertow of struggle in his life that would lead to his untimely and tragic passing. Don't miss part one of the great Ian Curtiss available now on rock ‘n' roll heaven! Want cool candles?? Buy them here: https://cinemascentscandleco.etsy.com Our social stuff: Patreon.com/rockandrollheaven Twitter: @rockandrolllt Instagram: Rockandrollheavenlt Facebook: Rock and Roll Heaven Pod Our website: https://rockandrollheavenl.wixsite.com/mysite Tick Tok: rockandrollheavenpod Email us! rockandrollheavenlt@gmail.com Check out the other awesome Pantheon Podcast at www.pantheonpodcasts.com Learn more about your ad choices. Visit megaphone.fm/adchoices
From IOUs to investment rounds: The brutal truth about raising funds in Africa - and why giving away 50% equity almost destroyed everything. In this raw and unfiltered episode of Konnected Minds, Francis pulls back the curtain on the harsh realities of building a business from absolute zero in Ghana. Starting with nothing but determination, he reveals how he wrote IOUs to co-founders he couldn't pay, got evicted by a landlady for "causing too much rubbish," and transformed a single themed donut order for Uber into their first investment round. The conversation exposes a fundamental truth most African entrepreneurs miss: investors aren't charity organizations looking to help you - they're multipliers seeking documented proof that their money will grow. Francis shares how most founders fail at fundraising because everything lives in their heads with zero documentation - no sales ledgers, no expense tracking, no evidence that invested capital will multiply. He opens up about the devastating cost of desperation, revealing how he gave away over 50% equity to his first investor, losing majority ownership while fighting to remain CEO of the company he built. "People change when money comes," he reflects, comparing it to getting married only to have your spouse forget you exist once they make money. Critical lessons revealed: • Why the fastest response time (minutes, not days) won them the Uber deal that changed everything • The IOU system that kept co-founders loyal when there was literally no money • How to think like an investor seeking multiplication, not a founder seeking help • Why "the economy is bad" is a lie - money just changed hands, it didn't disappear • The exact documentation framework that attracts investment vs endlessly chasing it • The painful reality of equity vs debt - and why he'd choose debt if starting over • Why working backwards from desired profit beats hoping for organic growth • The mentor advantage he didn't have - and why it cost him years of unnecessary grinding From selling phones at UTC Accra in secondary school to building multiple ventures, Francis demonstrates that raising funds isn't about crafting sob stories - it's about presenting data that shows clear paths to multiplication. He challenges the notion that there's no money in Ghana, revealing instead that there's "loose money" everywhere, desperately seeking documented opportunities to grow. The episode takes an unexpected turn as Francis discusses building business with his wife, emphasizing that communication and understanding trump everything else in partnership. He shares the painful decision to close a flashy shop after 11 months when data showed delivery donuts outsold everything else - proving that listening to market data beats emotional attachment to ideas. This isn't another generic fundraising tutorial - it's the unvarnished truth about what it takes to attract investment in African markets, including the mistakes that cost founders their companies, the systems that separate fundable businesses from eternal ideas, and why most Ghanaian businesses fail because they never listen to what the market is actually telling them. Host: Derrick Abaitey IG: https://www.instagram.com/derrick.abaitey YT: https://www.youtube.com/@DerrickAbaitey Join Konnected Academy: https://www.konnectedacademy.com/ Listen to the podcast on: Apple Podcast - http://tinyurl.com/4ttwbdxe Spotify - http://tinyurl.com/3he8hjfp Join this channel: /@konnectedminds FOLLOW ► https://linktr.ee/konnectedminds #Podcast #businesspodcast #AfricanPodcast
The Promise to Pay: A Philip Marlowe Mystery UnraveledIn this gripping tale of crime and deception, private detective Philip Marlowe is hired to recover a gambler's marker, which leads him into a web of murder, blackmail, and betrayal. As he navigates the dangerous underworld of Los Angeles, Marlowe uncovers the truth behind the death of Terry Dodge and the dark secrets of those involved. With sharp dialogue and a classic noir atmosphere, the story explores themes of morality, justice, and the consequences of one's choices.In the shadowy world of crime fiction, few characters stand as tall as Philip Marlowe, the creation of Raymond Chandler. In "The Promise to Pay," Marlowe is drawn into a web of deceit, gambling, and murder, where a simple IOU becomes the linchpin of a deadly game.The Story Unfolds: The narrative kicks off with Marlowe being hired to retrieve a gambler's marker worth a thousand dollars. What seems like a straightforward task quickly spirals into a complex case involving the futures of two men, the freedom of a third, and the life of a woman named Terry Dodge. As Marlowe delves deeper, he encounters a cast of characters, each with their own secrets and motives.Key Characters and Plot Twists:Garfield Randall: A rising star in the business world, whose future hangs in the balance. Terry Dodge: The enigmatic woman whose life is tragically cut short, leaving behind a trail of mystery. Paul Nailer: A club owner with a penchant for manipulation and deceit.Marlowe's investigation leads him through a series of dangerous encounters, from a ransacked house to a high-stakes gambling den. Along the way, he uncovers a plot of blackmail and betrayal, where trust is a rare commodity and every ally could be a potential foe."The Promise to Pay" is a testament to Chandler's mastery of the crime genre, weaving a tale that is as intricate as it is thrilling. As Marlowe navigates the treacherous waters of Los Angeles' underworld, readers are reminded of the timeless allure of a well-crafted mystery.Subscribe now to follow more of Philip Marlowe's adventures and dive into the world of classic crime fiction.TakeawaysThe story begins with a gambler's marker that holds significant value.Philip Marlowe is a private detective navigating a complex case.The investigation reveals a murder that complicates the situation.Marlowe encounters various characters, each with their own motives.The theme of betrayal is prevalent throughout the narrative.Gambling serves as a backdrop for the unfolding drama.The character of Terry Dodge plays a crucial role in the plot.Marlowe's interactions highlight the dangers of the criminal underworld.The resolution ties together the various threads of deception.The story emphasizes the consequences of greed and ambition.Philip Marlowe, Raymond Chandler, crime fiction, detective story, murder mystery, gambling, blackmail, Los Angeles, private investigator, noir
From writing IOUs to raising investment: The brutal truth about building a business with no money - and why giving away 50% equity almost cost everything. In this raw and revealing episode of Konnected Minds, Francis shares the untold story of building Doman from nothing - including writing IOUs to co-founders he couldn't pay, getting kicked out by a landlady for "causing too much rubbish," and how a single themed donut order for Uber led to their first investment round. The conversation exposes the brutal reality of raising funds in Africa: investors aren't looking to help you, they're looking to multiply their money. Francis reveals how most businesses fail at fundraising because they have everything in their heads but nothing documented - no sales ledgers, no expense tracking, no proof that money invested will grow. He shares the painful lesson of giving away over 50% equity to his first investor, losing ownership while fighting to remain CEO. "People change when money comes," he reflects, comparing it to getting married and having your spouse forget you exist once they make money. The episode takes a masterclass turn as Francis breaks down exactly what documents you need to attract investment: inventory records, production processes, customer acquisition data, and the financial story that becomes "music to investors' ears." Critical insights revealed: • Why the fastest response time (minutes, not days) won them the Uber deal • The IOU system that kept co-founders loyal when there was no money • How to think like an investor, not a founder seeking help • Why "economy is bad" just means money changed hands, not disappeared • The documentation framework that attracts investment vs chasing it • The costly mistake of not asking enough questions before taking investment From selling phones at UTC Accra in secondary school to building multiple businesses, Francis demonstrates that raising funds isn't about having a sob story - it's about having data that shows a clear path to multiplication. He challenges the notion that there's no money in Ghana, revealing instead that there's "loose money" everywhere, looking for documented opportunities to grow. This isn't another generic fundraising tutorial - it's the unfiltered truth about what it takes to attract investment in African markets, including the mistakes that cost founders their companies and the systems that separate fundable businesses from those that remain ideas in someone's head. Host: Derrick Abaitey IG: https://www.instagram.com/derrick.abaitey YT: https://www.youtube.com/@DerrickAbaitey Join Konnected Academy: https://www.konnectedacademy.com/ Listen to the podcast on: Apple Podcast - http://tinyurl.com/4ttwbdxe Spotify - http://tinyurl.com/3he8hjfp Join this channel: /@konnectedminds FOLLOW ► https://linktr.ee/konnectedminds #Podcast #businesspodcast #AfricanPodcast
From zero to investor funding: How a themed donut order for Uber changed everything - and the painful truth about giving away too much equity. In this raw and revealing episode of Konnected Minds, Francis shares the untold story of building Doman from nothing - including writing IOUs to co-founders he couldn't pay, getting kicked out by a landlady for "causing too much rubbish," and how a single themed donut order for Uber led to their first investment round. The conversation exposes the brutal reality of raising funds in Africa: investors aren't looking to help you, they're looking to multiply their money. Francis reveals how most businesses fail at fundraising because they have everything in their heads but nothing documented - no sales ledgers, no expense tracking, no proof that money invested will grow. He shares the painful lesson of giving away over 50% equity to his first investor, losing ownership while fighting to remain CEO. "People change when money comes," he reflects, comparing it to getting married and having your spouse forget you exist once they make money. The episode takes a masterclass turn as Francis breaks down exactly what documents you need to attract investment: inventory records, production processes, customer acquisition data, and the financial story that becomes "music to investors' ears." Critical insights revealed: • Why the fastest response time (minutes, not days) won them the Uber deal • The IOU system that kept co-founders loyal when there was no money • How to think like an investor, not a founder seeking help • Why "economy is bad" just means money changed hands, not disappeared • The documentation framework that attracts investment vs chasing it • The costly mistake of not asking enough questions before taking investment From selling phones at UTC Accra in secondary school to building multiple businesses, Francis demonstrates that raising funds isn't about having a sob story - it's about having data that shows a clear path to multiplication. He challenges the notion that there's no money in Ghana, revealing instead that there's "loose money" everywhere, looking for documented opportunities to grow. This isn't another generic fundraising tutorial - it's the unfiltered truth about what it takes to attract investment in African markets, including the mistakes that cost founders their companies and the systems that separate fundable businesses from those that remain ideas in someone's head.
In this episode of the Wounds of the Faithful Podcast, host Diana Winkler interviews Pastor Mark Sowersby, who shares his powerful testimony of overcoming childhood abuse and finding forgiveness and healing through faith. Mark recounts his early life filled with abuse, meeting Jesus at 16, and wrestling with his identity as a victim. Through the love of his church community and personal determination, he not only found freedom but also pursued education and ministry. He also speaks about reconnecting with his birth father and how the loss of his mother catalyzed the launch of his ministry, 'Forgiving the Nightmare'. The episode serves as an inspiring account of transformation, resilience, and the power of unconditional God's love. 00:00 Introduction and Sponsor Message 00:47 Welcome to the Podcast 01:25 Introducing Pastor Mark Sowersby 01:40 Technical Difficulties and Apologies 02:17 Pastor Mark's Testimony 05:49 Childhood and Abuse 07:10 Finding Faith and Forgiveness 18:06 Weight Loss Journey and Healing 23:08 Dyslexia and Education Struggles 24:42 Writing a Book and Ministry 28:14 Reading the Bible: Audio vs. Written 28:27 A Life-Changing Christmas Story 29:20 Overcoming Illiteracy with Help 30:14 A Love Story Blossoms 30:56 College Journey and Divine Guidance 32:49 Answering the Call to Ministry 33:13 Struggles with Self-Worth 35:15 Finding Confidence in God 35:56 Weight Loss and Self-Love 40:01 Victim to Victor: A Personal Transformation 45:00 Reuniting with Birth Father 48:20 Launching Forgiving the Nightmare Ministry 54:40 Final Thoughts and Prayer website: www.forgivingthenightmare.com email: mark@forgivingthenightmare.com Bio: Reverend Mark Sowersby has been married to his wonderful wife Jennifer for 17 years and is the father of four children. Mark has been an ordained minister with Assembly of God for over 25 years and is currently the Pastor of Christian Assembly of Schuyler in beautiful upstate New York. Pastor Mark holds a BA in theology from Zion Bible College/Northpoint Bible College. In 2019 Pastor Mark went through a time of great healing. He began speaking about the experiences of his past and God's grace and the transformational work of forgiveness in his life. He now speaks about his story through his ministry, Forgiving The Nightmare. When he isn't serving his congregation and his community through ministry, teaching, and support, you can find him on all the trails and lakes in Upstate New York, spending time with his family. Website: https://dswministries.org Subscribe to the podcast: https://dswministries.org/subscribe-to-podcast/ Social media links: Join our Private Wounds of the Faithful FB Group: https://www.facebook.com/groups/1603903730020136 Twitter: https://twitter.com/DswMinistries YouTube: https://www.youtube.com/channel/UCxgIpWVQCmjqog0PMK4khDw/playlists Instagram: https://www.instagram.com/dswministries/ Facebook: https://www.facebook.com/DSW-Ministries-230135337033879 Keep in touch with me! Email subscribe to get my handpicked list of the best resources for abuse survivors! https://thoughtful-composer-4268.ck.page #abuse #trauma Affiliate links: Our Sponsor: 753 Academy: https://www.753academy.com/ Can't travel to The Holy Land right now? The next best thing is Walking The Bible Lands! Get a free video sample of the Bible lands here! https://www.walkingthebiblelands.com/a/18410/hN8u6LQP An easy way to help my ministry: https://dswministries.org/product/buy-me-a-cup-of-tea/ A donation link: https://dswministries.org/donate/ Transcript: [00:00:00] Special thanks to 7 5 3 Academy for sponsoring this episode. No matter where you are in your fitness and health journey, they've got you covered. They specialize in helping you exceed your health and fitness goals, whether that is losing body fat, gaining muscle, or nutritional coaching to match your fitness levels. They do it all with a written guarantee for results so you don't waste time and money on a program that doesn't exceed your goals. There are martial arts programs. Specialize in anti-bullying programs for kids to combat proven Filipino martial arts. They take a holistic, fun, and innovative approach that simply works. Sign up for your free class now. It's 7 5 3 academy.com. Find the link in the show notes. Welcome to the Wounds of the Faithful Podcast, brought to you by DSW Ministries. Your host is singer songwriter, speaker and domestic violence advocate, [00:01:00] Diana Winkler. She is passionate about helping survivors in the church heal from domestic violence and abuse and trauma. This podcast is not a substitute for professional counseling or qualified medical help. Now here is Diana. Welcome back. You made it well. I have a great guest for you today. I told you about him last week. Pastor Mark Sowersby and he has knocked this interview out of the park, and we had an amazing time. We did not have an amazing time with the Zoom platform. I could not hear him, but he could hear me, and it was a half an hour of back and forth trying to get it to work. So I wound up having to record this episode on our phones with the earbuds. So I don't normally do [00:02:00] that. I usually have my $300 studio microphone. So if it doesn't sound as good, I apologize. But this content is so great that I think you'll forgive me, but I'll try to do some, post-production, to make it sound better. So without further ado. Here is Pastor Mark. Yeah. Nice. Nice to meet you. Yes, nice to meet you also. And I saw your wife there too, so, and I think you saw my husband's beard anyway. Yes. And my wife is the strength and the brains of this operation around us. I'm blessed. I'm a blessed man there. Amen. Thank you. Yes. So we got the, um, the technical, uh, demons outta the way. Well, I appreciate that. We tried two computers and my Apple phone. And I have to tell you, I am a novice at computers at best, so Yeah, me too. So we're kindred spirits for sure. Amen. Amen. And I read your testimony about your [00:03:00] website and your faith and your podcast and everything. What a beautiful testimony you have. Oh, thank you so much. So you, you're in Arizona, is that correct? Yes. Wow. Wow. Well, I have to tell you of one of my bucket lists because I'm a northeast guy. I'm a New England, New York. We have snow. It's freezing. They're saying we could have a possible blizzard tomorrow. Uh, I love that. Go to the Grand Canyon. That's my, on my bucket list. My, my family. Hear me speak about that all the time. I've never seen it. But I long to, let me tell you, it's more breathtaking than you can imagine. The pictures don't do it justice. I've been there many, many times, of course. And yes, you should come as soon as you're allowed to travel. I would be over here. Yeah. There's so much more to see. We long to go. We really want to see it. You know, if somebody said, you really see the significance when you look at that great canyon and you see how [00:04:00] small you are, it humbles you and reminds you of what a great big God we serve. So, you know, we just, uh, amen. Thank you for hearing my story and my testimony, and it's an honor to be here with you and celebrate the victories that we have in Christ. Amen, brother. We're gonna get to know you a bit here for my listeners. So why don't you tell the, listeners a little bit about yourself. My name is Mark Sowerby. I'm a husband, a father, a friend. I'm a sports fan. I eat too much. I talk too much, but I'm a pastor and a servant of Jesus Christ. I was looking at all your pictures and stuff, and I saw your progression of your weight loss. That is so amazing. Thank you. Thank you. And my weight loss journey is really just a symptom. Or result of the greater healing that's taken place in my life. Uh, I'm very proud of it. It's something [00:05:00] I have to work hard for and be very disciplined in. So yes, there's a work towards it, but really it's the sub to the main plot. The main plot is what Jesus did in my heart to help me forgive and help me heal the abuses and the pains. And as that began to fill my life, this weight loss journey with the discipline and that burning good habits and exercising, and I'm up to running, uh, six miles a day on the treadmill. So, wow. Six miles. Yeah. So well, remember, we're not in Arizona heat, so it's not hot, well, I have a treadmill. That's usually what I exercise on. I have an exercise room, I don't run unless somebody's chasing me or the laxative has started working. Those are good reasons to run. so let's start at the beginning. So what was your childhood like? Well, unfortunately I have a story of brokenness, pain, and sorrow. I was born from an affair. Uh, so my [00:06:00] father never really had a relationship with him. I am assuming that as soon as he, uh, got the news, he, he left. So I was raised by my mom. I have two siblings that my mom had from a prior marriage. So the three of us kind of lived together at my grandmother's house, and that's what I knew. That was what life was. I was seven years old. A young man came into our family, and that young man eventually married my mom 20 years, her younger, and when he came into our home, he brought abuse and pain. He brought death and destruction. He brought lies and poison. And as any abuser, those abusers have touched many people. And as not only did he abuse my mom in a and. With just vulgarness and pain, but he also abused me and with sexual abuse and physical abuse and emotional abuse. And it was just a very difficult time in my life. So from seven to 14, that's kind of the world I knew. Not only did he abuse my body, not only did he steal from [00:07:00] me, my dignity, my value. Not only did he try to control me, but he also sold me for other men to abuse me. Mm-hmm. Other men to take my body. He stabbed me and beat me and burnt me. And at 16, I was invited to church, I ran into a youth group. And, uh, there's a whole story in that. But let me tell you, I ran into youth group and I ran into Jesus. Jesus was Amen loving. Amen. Jesus's loving arms. He wrapped him around me and started me on the journey, journey of forgiveness. And it's been a journey up. I just turned 50. We just lost my mom earlier this year. Wow. They say a flu. Some say COVID, but we lost her earlier this year and it was really kind of a season for me to walk through some even deeper, deeper healing. We have a lot in common. 'cause I just lost my brother this week. I'm so sorry. I'm so sorry for your loss. Yeah. So we both have losses today. Yes. Yes. I'm so [00:08:00] sorry for your loss. You as well. Thank you. Your mother was a believer? She was at the end of her life. As we say, the 11th hour of Thief on the cross remember me. Mm-hmm. My mom did have one of those kind of conversions. Unfortunately, she never, the last few years of her life, she came to understand Jesus, but she never forgave herself or forgave. Her pain. She lived with the regrets and the shames and the guilt of her pains. She knew the love of Christ, and I believe that when she closed her eyes on this earth, she opened her eyes there because of what Christ did for her. But she carried this burden of shame and guilt and hurt. But I forgave her, not because I'm special, not because I'm better. I forgave her because Christ forgave me. And in that journey of learning with to forgive people say to me, how could you forgive such a great thing? I just forgave what was in front of me. That's it. Step by step, precept by precept. That's how I forgave. I [00:09:00] couldn't think about the whole journey all at it was too hard. What's in front of you? Well, we'll definitely get into, your process of forgiveness. Would it be okay to, circle back to your stepfather coming into your life? Now it sounded like it was a very violent to way he treated you. Did he do any grooming of you to start the abuse or was it violent right away? I believe there was grooming, again, being so young and, uh, being so, uh, naive. I probably didn't recognize it, but I'm sure there was grooming you know, there was this natural longing. From a child without a father to find a father figure. Mm-hmm. Um, being so young, not understanding the process of that, and any person that would gimme attention, I would run to them to try to find somebody who would govern me or lead me or [00:10:00] guide me or accept me. So I'm sure there was some manipulation in that, as I became more groomed or broken or became more pliable, if you would, because of my young immaturity. He began to have more of his way on it, just so you know. And I always refer to him as my mother's husband. Never as my stepfather? Yes. Oh, I'm sorry. Yeah. Oh, no, you didn't offend. No, I have forgiven him. I think in forgiveness, it's okay to have, uh, some boundaries. Sure. I think that, to have some healthy boundaries, I've forgiven him. I've put him in the hands of God, and I pray the grace of God will meet him and his pain and his sorrow, and only God can reach him. Uh, but again, there's some healthy boundaries around my life and my families. So what was your relationship with God when you were going through all this abuse? We grew up in a very religious home. I was a New England Protestant, so most of New England are [00:11:00] Irish Catholic, Italian Catholic, Polish Catholic, French Catholic. But I was the rare Protestant. And I remember saying to my grandfather one day, I asked him, I said I, well, let me back up and say, I always knew what I wasn't. I knew I wasn't a Catholic, but I didn't know what I was. So, grandpa used to tell us we weren't Catholic. He announced that pretty clearly. But one day I asked him, I said, then if we're not Catholic, what religion are we? And all he said was, go ask your mother. So, you know, we didn't really grow up in any kind of. Formal faith-based community, uh, you know, sometimes went to Christmas Eve service, you know, those kind of what we call Sea Easter and Christmas. The CE. The CE crowd. That's right. But it really wasn't, a church was not a part of my life. We knew God was there, be good and you go to heaven, be nice to people, you go to heaven. But there really wasn't a faith-based situation. I'll be honest with you, uh, the [00:12:00] only religion I got, or the only faith I got was the one album that was played in our home. It's not a Christian album, it was Jesus Christ Superstar. I'm a kid of the seventies. Yes, I'm very familiar with that. Yeah. And but God's name is so powerful now as a Bible college graduate, as a pastor, I could see all the holes of the theology in that and how it was really written, dragged down the gospel. They say Jesus Christ, and as a child, that name is so powerful. So, I mean, I didn't know anything. So here I was, I, I remember seven years old with a big headset on sitting in front of the speakers and listening to Jesus Christ Superstar. And, and now I realize what a mockery it was. But then just the name has power. Yeah, there was no resurrection in that movie. No, no, no. You know, when you have Mary Magdalene sing to, to him and say, you're just a man, [00:13:00] only a man. I mean, it's such a mockery. But again, at eight years old, 10 years old, I thank God that all truth belongs to God. Amen. And his name is so, amen, powerful. Amen. That every knee shall bow and every tongue will confess that Jesus Christ is Lord. And as that name, Jesus was smoking, it pierced my darkness. Now, I didn't know about crying out. I didn't know about prayer, but God was preparing me for such a time. And at 16 the lifeguard at the apartment complex invited me to church. She was a pretty girl, and I didn't wanna say no. Uh, she invited she invited me and picked me up with her boyfriend. Oops. We went, yeah, we went to church that night and there began my journey into meeting Christ, knowing his mercy and grace into my faith walk and it's been a journey ever since. So is that when you, met the Lord for real [00:14:00] and got saved? Exactly, I was 16 years old. It was the early part of the summer and I went to that youth group and everybody told me that. To throw away my rock and roll music and to cut my hair and take my earring out. And everybody wanted to hug me and I didn't wanna be hugged by anybody. It's an evangelical Pentecostal church. And I was like, I don't, yeah. But come to find out, the youth pastor lived in the same apartment complex I did. I had a ride to church anytime it was open. So, later on that summer, mid-August, I remember a man inviting me, a young man from the youth group. It was raining. He was giving me a ride home. We got into his car and he asked me right there, uh, mark, do you wanna ask Jesus Christ to be your Lord and Savior? And we prayed right there the sinner's prayer. And I recognized the grace of God and the mercy of God and the Spirit of God. And at 16 years old, I asked Jesus Christ to be my Lord. And I thank him that he was calling me at such a time. So, and then I [00:15:00] had to grow up. Wow. And then I had to grow. I was still 16 with a messed up background and, still was spilling life all over myself. But that church loved me. They hugged me and kicked me in the can at the same time. Now were you out of your mom's house? Away from your abuser? Well. When the abuse first became, and I don't wanna say public, but when it became outside of the family when I meant the first person I confessed it to or, or shared it with, was my uncle. And I think that people have to remember my abuse happened from 19 7 7 to 1984. And the awareness and the advocacy that's out there today wasn't there then. And things like this happen behind closed doors. And I think culturally, not everybody, but culturally in most families said, we keep that stuff behind closed doors. We don't share it. We handle it as families. I told my uncle at [00:16:00] 14 years old. He was the first person I confessed to, and I ended up living with my uncle for about a year. He became my defender. So from about 14 to about 15 and a half, I lived with my uncle, and about 15 and a half I moved back with my mom. And yes, her husband was still there. But he, uh, he was very sickly at this time. So, he wasn't able to hurt me physically anymore. And I was strong enough to not allow anybody to hurt me anymore. So Now you said the word confess. Well, you didn't do anything wrong. Thank you. I, yeah, I just meant, I told. You shared your story, your abuse, uh, your victimization. So yeah. You don't have to apologize for anything. Amen. Thank you. That's right. It was probably a poor choice of words. I was just reading. I announced to my uncle, or I, I shared out, I took it out. I took it outta that simple family unit that I would tell my mom, [00:17:00] my mom having so much hurt and pain in her life, didn't know how to handle that. And just would say, well, he promises not to do it again. And he promised not to do it. And of course, so in a lot of ways I felt like my mom was a victim. And, and. Even though I've had to learn to forgive my mom because of what she allowed to happen, but in some ways, not that I justify it, but I've begun to understand it. Because she was abused by her first husband who broke her heart because, uh, just pain who had many affairs on her, and she was so broken down, so hurting and she did not understand love. I think she, um, interpreted love in a very, uh, trying to think of the word here you know, an enabling way. My mom was more of an enabler and I think she interpreted her love in enabling. So she enabled people. I mean, it sounds like [00:18:00] codependency. Was that the word you're looking for? Yes. Okay. Yeah. Thanks. So you struggled with your weight for years. Was that a symptom of your. Abuse your childhood? I, I think it was, you know, I'm, I'm not a psychologist or, a social worker. I'm a preacher, but you know, I think what I was trying to find in food was comfort, friendship. It always accepted me, uh, it comforted me when I was having a bad day and it rewarded me when I was having a good one. But like any drug, if you would, it lies to you. And it says, Hey, is everything will be okay. Just have a little bit more, have a little bit more, and, it just is. So for me, food became my drug of choice. Mm-hmm. Uh, it became where I found comfort, found peace, found acceptance. I punished myself with it. Boy, I'm no good. I'm going to eat ice cream. Oh, I'm having a great day. I'm gonna eat [00:19:00] ice cream. So, you know, it was one of those things. Uh, what I tell people is that I wish I could say to you that, that God has taken away all the hurt, all the pain, all the sorrow. It's still there in my life. It's still a familiar. Familiar pain that continues to call to me. But what God did is he became bigger. He became bigger than the pain. He became bigger than the shame. He became bigger than the hurt. So is it still there? Sure. And the flesh wants to run to it. And the psyche wants to run to it because I know it, it's comfortable. I, I know my role there. I, I understand what my protection and my manipulation that I can find there. But God became bigger. God became bigger. You know, I was telling a friend today, and I climbed a mountain after I lost about 50 pounds. I climbed a mountain. And it was about a half a mile long. And to me it was Everest. It was the biggest mountain in the world. And it took me hours [00:20:00] to go up and I had blisters on my feet and bruises on my toe. I was very proud that I climbed it. But after I lost about a hundred pounds, I climbed the biggest mountain in the state of New York called Mount Marcy. And what was the difference between those two mountains? One was bigger and I think that's the same thing. What happened to me is that even though that sometimes the enemy wants to try to bring me back to those familiar pains, those familiar insecurities, those familiar foes, God became bigger. His word, his spirit his love all became bigger. And I have to hold onto that and I have to claim, not claim it, but I have to run into it. You know, I have to run into that every day. So. Oh, you would love the mountains here. We have so many mountains to climb. So yeah. If you come to Phoenix, then we'll have to go hiking together. Yes. I wanna see that Grand Canyon. I wanna come to Phoenix. I am a New Englander, but it's cold [00:21:00] all the time here. But I hear that you guys leave for the summer and go back in the winter. We leave for the winter to warm places because it's so hot in Phoenix in the summer. Yeah. We're not snowbirds. We are here all year. Now we get to 110 every year. That's, that's normal. It gets to 120 here every summer. But this year it was 55 days of 110 degrees. Wow. Which, um, that killed all my plants and, uh, two of my trees, so Wow. Yeah, it's 70 degrees outside now, but in the summertime it's brutal. Wow. Don't come in the summer. Come in the winter. Okay. I, um, I did get to do a mission chip for Juarez, Mexico, which is obviously south of you guys and a little east, but at the same time, I got a touch of hot weather and I have done a lot of missions trips to Central America and the Caribbean, but they do have a different climate because of the sea and the water. So it's not that dry heat. [00:22:00] It's, definitely that, more moist, heat. Yeah, I think you'll do fine. Like I said, I looked forward to it. We were just in Israel in, November November, 2019, and it was 85 degrees. In Jerusalem and I roasted, I had such a hard time because the elevation was different and the humidity from the from the sea. Yeah. I don't know if you've been to Israel, I have not. Another, another bucket list, yeah yes, definitely recommend that for sure. Thank you. My wife and I, we love to travel. You know, we, we have four children, so right now our kids are in the ages of 15 to seven, so we are right in the midst of it. You know, we're, we're mom and dad, taxi and, and we homeschool. So my wife is going a hundred miles an hour all the time. Pastor wife. Homeschool mom and she's taking care of [00:23:00] me. So, I mean, this is, God bless her. If there's a hero in this story, it's my wife. Your wife's a homeschooler. Um, you had said in your story that you had dyslexia growing up. What was that like? Well, you know, I think that I still have it. Uh, God hasn't, hasn't healed me from it. So what happens is, is I tell people when the way I was raised, I survived my childhood. I wasn't raised, you know, I didn't have parents that, that looked out for me. I didn't have somebody who wanted to govern my experiences or, or was an advocate for me. So I, I really just kind of survived my childhood and one of the casualties of that. Was my education. Uh, it was the early seventies, so I think there was a lot going on with sight reading and some different kind of philosophies of teaching. So here I was in a broken home with a learning disability. I [00:24:00] was being bullied at school because the way I felt about myself and, you know, so yeah, reading has always been a chore for me. It still is a chore today. But again, the lord, he helps and he, he brings me through and he gave me a brilliant wife. Uh, she is a, a teacher by education. And my children love to read. My son will walk into walls. He reads books this thick. I mean, and I remember holding him the moment he was born, praying, Lord, give him just a heart for reading. And he does. I mean, my son 15 says, dad, can we go to the library? Love the library. Oh, he, yeah, we're friends with the librarian. Uh, if they need somebody to help him out, move books and they call him. But yes, reading has always been a chore and I, believe it or not, I'm in the midst of writing a book. Oh, I was just gonna ask that if you had a book out or not. We are just started to speak to a publisher, it's self-publishing company. Uh, so we're definitely in [00:25:00] conversations. We have written, just kind of let it pour out of me. It's been there for 50 years, so just kind of. And, uh, now we've kind of put it in front of people who really know what they're doing. I tell everybody, I wrote it my ways, I handed it to my wife and she interpreted it and made it legible. And, uh, we have some local friends who have done some basic editing, so they're kind of editing for us, and now we're sending it to the publisher who knows how to edit in a professional way. So, so, you know, the Lord told me years ago that this testimony would be written down. I remember I chuckled when he told me that because I said, Lord, I can barely read or write. And I remember saying to the Lord, Lord, if you want this written down, what am I gonna call it? He said, you'll call it Forgiving the Nightmare. So that's why the name of the ministry, the name of the book, the name of the website is called Forgiving the Nightmare. I think everybody uh, regardless of [00:26:00] how one came, you know, yours and I came in by probably hands of other people's, but sometimes nightmares come in by all different ways. Loss, regrets pains, hurts. And we all have to kind of say, Lord, how do we go through that? And I know as Christians, we want it instant, you know, we wanna stand on the word, we wanna claim it, we wanna save. Lord, give it to me. But I think sometimes we have to, uh, go through the process. I think of Jacob and how he wrestled with God, or he wrestled with the angel and they wrestled all night long. And, and God, the angel touched his hip and then he said, what do you want? And Jacob said, I want a new. And he became Israel, the promise. Mm-hmm. So he left deceiver, as you know, and he became Israel promise. And I think sometimes in that journey of forgiveness as much as Christians and people, we want it and we want it so true and so earnestly, [00:27:00] but sometimes we have to wrestle. We have to wrestle with the past. We have to wrestle with ourselves, we have to wrestle with the fears, and wrestling doesn't make us bad, doesn't make us sinners, doesn't mean God has left us. I think God's working with us, the process as a pastor, I've seen so many people who are unwilling to go through the process. And they get stuck. They get stuck in the cycle, in the the hurts and the pains of life. Just kind of build up on them. And I know God wants to set 'em free, but again, it, you have to learn to die to self crucify the old man, you know, tame the tongue. And it's hard. It's hard, especially when everything in the, especially when everything in the world tells you you're okay to have that. It's okay for you to hate. It's okay for you to be angry. It's okay for you to, when God says, for us to let him go first, let Him lead us. And God is, if we forgive those who trespass against us, he'll be faithful and just to forgive us. [00:28:00] And that scripture boy haunted me for a long time because I said, Lord, I'm not ready to begin. I'm sorry I'm preaching. No, you're awesome. I'm enjoying this. Um, I'm curious how you read your Bible. Do you use an audio bible or do you, um, do use an actual written Bible? Well, I do read Bible. I like the ESV, I like the NIV, I like those verses. I do read it. I do listen to audio at times. What happened was, is about 20, I was in my early twenties and a woman at church asked me to read the Christmas story out of Luke in front of the youth group. Now, when I say youth group, we had about a hundred youth in our youth group, maybe even 150. It was a large youth group and she was the kind of woman who would not take no for an answer. You know, the church lady? Yeah. I think every church has one of those. Yeah. And you know, I tried to give her every excuse in the [00:29:00] book, I lost my glasses. I was too embarrassed to say that I couldn't read. So I got up in front of the youth group and I read out of Luke chapter two and I. Stumbled over my words and I read slowly and I read broken up. And people were very kind to me that day. The youth pastor and the youth group, they were not cruel. And after service, that woman came back to me and said that she homeschooled her children and she would like to homeschool me if I'd want to. Now I was, I was a grownup. I was 23 and I went back to her house and there I sat with her 6-year-old, five-year old as she was teaching her 5-year-old, 6-year-old how to read. She was also teaching me phonics. I never learned phonics. I tell everybody, when I learned TION and Sean and not ion, it changed my life. Unbeknownst to me that church lady had an older daughter [00:30:00] and that older daughter watched me. Watch me struggle over my words, watch me go to the house and sit with her five-year-old sister and learn ae IOU and learn the rules of bowels and phonics. Well, years later, that older daughter would become my wife. Oh. Oh. So, yep. So, you know, she told me that she fell in love with me and she watched me there. And so that, that's a little bit of our love story. But yeah, she watched me from afar and, and now today we have four kids together and she still helps me read. So I do read. I a much stronger reader than I ever was. Uh mm-hmm. So I, I can read a much better than I could then. Well, I certainly can see looking back that you had so many people in your corner to that God sent to help you, and what a blessing. Now, did you go to college? I did. I [00:31:00] graduated from what's now called North Point Bible College. At the time, it was called Zion Bible College. It was in Barrington, Rhode Island. It was a very focused school for ministry only. Uh, so I did go there. I didn't wanna go there. I'm a New Englander. I knew about the school. It was in my backyard. I wanted to go to Southeastern to Florida. I wanted to go to pennsylvania and go to Valley Forge. Uh, those doors were not open to me. I remember saying, the Lord, I'm done. Lord, I've tried. Everybody's rejecting me because of my education. And he said, go to Zion. I went in and I met with the Dean of students. In that meeting, the dean of students said to me, mark, do you have a call? I said, yes, I believe I do have a call. He got up from his desk and he went to a big picture window, a woman who was walking in front of his picture window, and he tapped onto the window and he called this woman in. As she came [00:32:00] into his office, he introduced me to a woman named Jan Kruger. He let me know that Jan was led by God to go to school, to go to Zion the week earlier than me to start a learning center. And Jan and I became our first student in the learning center and we worked hard. The first year, most of my, classes were uncredited 'cause I had to learn how to be a student. I didn't know what a syllabi was. I didn't know how to take tests. Uh, we sat in that learning center. I cried, I complained. She was a mom. She hugged me sometimes and she told me to. To suck it up sometimes. And, uh, that was the best advice I could get. So yeah, i'm a proud graduate of Zion Bible College, and I'm ordained with the Assembly of God. So when did you get called into the ministry? Well, pretty much after, it was about my 17th year, 16 years old, I got saved and 17 years old, I was [00:33:00] at a Youth convention, and I pretty much felt like the Lord called me then. Now, I ran from that call for a long time because of my insecurities, my fears, my inabilities. See, when I walked into the room, I always felt like I was junk. Like I was dirt. Like I could offer nobody, nothing. And I was, no, you know, I, that's how I felt about myself. So who would let me be that pastor? What do I have to offer? I could barely read. Look what happened to me. So. For many years I wrestled with it and about 24, 25 years old, I had a brand new truck, little S 10 pickup truck. They called it Bernie because it was purple. I was listening to Petra, remember a Petra? I love Petra. And I was, I was listening to Petra from the seventies not the nineties. Petra and I remember I was listening to Petra and the Holy Spirit filled with the cab of that car and that truck I had to [00:34:00] pull over. I was on old post road. I'll never forget tears coming down my face. The Holy Spirit spoke to my heart and said, mark, choose this day whom you'll serve. I've called you and I will equip you. And I said, God, I want you. That's when the journey of. Colleges, and I wish I could tell you it was all roses and cherries after that. It wasn't, you know, there's still a lot of growing up and a lot of overcoming, and a lot of dying to self. And, and there still is. But yeah, that's how I got called and I went to that school and they loved me. They were honest to me. You sound like you had a lot , in coming with Moses with his speech impediment. He was, exiled to be a goat and a sheep herder. They're not gonna listen to me, Lord. You know? Did you feel like that? Oh, sure. I sure did. Like I said, I, for most of my life, I felt like what can I offer? So what I did is I put a facade on myself or I, I lived up to the role that I [00:35:00] thought people wanted from me, or a role to, to find acceptance or protection. So, if I had to be the clown, I was the clown. If I had to be the fool, I was the fool. If I had to be the weak, I was the weak because I felt those things about me. Recently in this weight loss journey and this giving, God has given me confidence. And I say that with much humility because I know it's not my confidence, it's confidence in him. But I've never had confidence before. I feel like a carpenter with a new tool. I feel like, you know, a businessman with a new suit that I've never had confidence before. Now again, it's not confidence in what I have. Because I'm still weak, but it's a confidence going, my Abba father makes a way for me. My Abba father heals me and, and goes before me. So it's, it's a kind of a new season for me to be confident and say, you know what? I can live a healthy life. People ask me why I lost the weight. [00:36:00] And I remember I was reading the scripture, and you're probably familiar with it, is when the Pharisee comes to the Lord or it says to him, Lord, how does one enter the kingdom of heaven? And the Lord says, well, what is written? He says, Lord, love the Lord your God with all your heart, with all your mind, with all your strength, and with all your spirit, and love your neighbor as yourself. I've read that a million times. I've preached on it. I've studied it. One day I was reading it, he said, Lord, I know you love me, mark, but you don't love your neighbor, and you don't love yourself, so you can't love your neighbor. And I realized because I didn't love myself, I wasn't taking care of myself. I love my children. I love my wife. I wanna take care of 'em. They don't need me. I wife can, but I want to. I wanna do things for, I wanna take care of 'em. I wanna help 'em be better and stronger and smarter and wiser, and love the Lord. And I realized I didn't love myself. So the weight loss journey, forgiving the nightmare, forgiving my mom, forgiving the abusers, forgiving those [00:37:00] who betrayed me as a child, helped me begin to love myself again. No visions of grander. I'm still a just a normal guy saved by grace. Uh, I still put my big foot in my mouth, my wife can come in and tell you all the stories, but, uh, but you know, I started to love myself and. It sounds like, you found your self worth in the Lord Jesus because Jesus sees you as his child. You are a child of God, and that's where your worth is. So it sounds like your healing journey brought you to that place. Yeah. It's not self-confidence like the world says it is. It's how God sees you. You're precious and you're loved. Amen. And you're valuable. He died for you. Hallelujah. Hallelujah. You're gonna get me going now. Hallelujah. Hallelujah, hallelujah. I want others to [00:38:00] experience this. You know, I, my whole ministry, I've been surrounded by hurting people and hurting churches. I've worked with people that have had major traumas in their life. Not that I ever sought it. I can't. I think the Lord just led me to it. And as I've worked with people, people say that I've been able to bring comfort. I'm easy to talk to. I thought, well, okay, Lord. And I want people to find that freedom that I have. I understand being shackled to pain in the past. I understand allowing those things to form the way you think about and believe about yourself, and never truly being set free. Waking up with that numbing feeling of brokenness all the time. All the time, just constantly. But God truly set me free. He set me free. And because he set me free, I'm nobody special. And being a pastor, I see so many people that have a [00:39:00] form of this and they don't. They haven't gone through it. So they're still living with a confession in Christ, but still the hurts of the past. Blame them. I don't, I'm not putting fingers, I'm not taking the log out on my own eye before I take the twig from their eye. But I'm saying the freedom that God has for his people. Uh, and again, do we still stumble? Yeah. Do we still need refining? Sure. Are we still the clay? And he's still the potter of court, but there's a freedom that we find as a pastor. I've just met so many people who will say, pastor, I'm killed. I'm delivered. And you realize it's, it's only an inch deep. It's, you know, as soon as they get tested, as soon as they get, get bothered, it just spills out. It pulls out of them in, in a defense or in, in a rejection or in a way they, they have a self view of the world or of themselves. Now God's consent is free. God can set [00:40:00] us free. So, what's the difference between being a victim and being victorious? Hallelujah. Well, in my humble opinion, a victim is somebody who always sees themselves broken, sees themselves in a way that, that that allows them to stay in their victimhood. For a long time, my victimhood became my identity. I remember one day when the Lord brought me to the altar and he said those words to me. He said, mark, I want you to give this up. And I literally said, in an audible voice, Lord, if I'm not a victim, then what am I? Because all I knew was the, the role of being a victim. Oh, my victimhood was good. I could manipulate with it. I could win every argument with it. Oh, when I was 16 years old, my mom, who was a single mom with not much money she bought me a car. I had a phone in my room. I had cable on my own [00:41:00] tv. She made me breakfast in bed. Why she owed that to me. Why? Because I was a victim. And I got to see how I could win every argument at school. I could put my head down and I could lift up my head and go, well, who here else was molested? I was, and no one would say anything. And the Lord rebuked me at that and said, said, yeah, that's what victims do. At least that's what I did. He said, I wanna make you victorious. And I remember him saying, me saying to the Lord, if I'm not a victim, what am I? And he said, you're victorious in me. I had to learn what it meant to be victorious. Amen. I had to learn to let that facade go. Let that personality go, let that old man die and let the new man of Christ rise up inside him. That is awesome. I just love that. I've never heard anybody describe it like that. Now, I prefer the, word survivor instead of victim. But I think you took [00:42:00] it up another notch. We are, victorious in the Lord. Well, my victimhood, you know, as much as I was a victim, but I used it for my own gain. Mm-hmm. Which made me just as not guilty of what happened to me, but made me not a healthy place. It put me in a Right. But it's all I knew, you know, I could manipulate, I could win the argument. Right. I was the guy. Who else here was stabbed and burnt and abused? I could show you my scars where they stabbed me. I could show you the burn marks. I was prostituted for other men to abuse me. Boy, you know, I could really win the, the argument. But that was wrong. Yeah, it was wrong. It was wrong to put that on my mother, it's wrong to put that on my family. It was wrong to put that on others. And the Lord had to rebuke me and, uh, wow. And he did, because he loves, he rebukes the ones he loves, so he rebuked you. I just so appreciate your raw [00:43:00] and honest, telling of your story. Because, you've heard stories where they just put the fluff or they put the stuff that's gonna, bring up the ratings or whatever. But you really, kept it real. And I think you're a great pastor because people see that you're a real person. You're not some fake up there that can't relate to your congregation's problems, do you feel that way? Oh, definitely. You know, my congregation, as you know, like we talked earlier, I wrestle with dyslexia and every once in a while I'll stumble over a word while I'm reading the Bible and in front of my congregation. And, and that really bothered me for a long time. My Lord, I'm a pastor. How can I not read this and now. When I stumble over a word, my congregation yells it up to me. So I'll be on the platform. And you know what? They'll see me stumbling and you know, they'll yell it up to me and it's just a term of endearment. [00:44:00] It's not been one of rejection or shame, and I say, you know what? I'm doing that just to make sure you're in the Bible. That's what I tell 'em. But I'll be reading the scripture and, and my dyslexia kick in, or, or the word will be all scrambled. And, and they're the kind voices. Oh, pastor, that's, that means this. And, and it's kind of a nice direction. I tell people the church I pastor is a real church with real people serving a real God. Wow. So, wow. Fancy fluff. Church don't come to us because, you know, we're real and we cry together, we do life together. We step on each other's toes. We don't always agree, but we always love God. That is so awesome. Pastor of Christian is Alia Scott. That's right. I didn't announce your church name. I wanted to ask you to tell another story about. You said that you met your birth father at one point. What happened during that reunion Union? [00:45:00] Well, I was 45 years old and I wanted to reach, I wanted to know, I tell people my birth father and I met at the right place in life. I think if I would've met him younger, I would've still been angry. Rejected Kyle, but I was 45. I was the father of four. I've made my own mistakes, my own problems. I learned to mature a little bit. To be really frank, my father's wife passed on, so he was more ready to meet me. So his wife that he had the affair on to si me, if you would, she passed. So he was more open to meet me and uh, I just didn't meet him, but the whole family met him together. We met in a restaurant, we met in Cape Cod, Massachusetts, and the family came in and the kids instantly. Started to call him grandpa. I thought, I don't know if I'm okay with that. And he never rejected it. So the last few years of [00:46:00] life, we just lost him. I, I had him for about four years. It wasn't warm and fuzzy, daddy and son, but it was something, we had a relationship. We'd talk about sports, we'd talk about life. He was a snowbird from Massachusetts to Florida and he just kind of let me know. So I'm very thankful for the four years I had. Again, it wasn't, Hey buddy, I'm proud of you kind of moment, but I got to find out a little bit about. Who my dad was and who some of my relatives are on my father's side. I got to learn about some of the health conditions of, of my father. And you know, he said he was pretty, he made it to 84. He liked to drink and he liked ladies, I like Jesus, I like one lady, Wow. That's an incredible story. I tell people it was the right time. Again, if I would've met him at 25, I would've been angry. I would've said, you know, why did you abandon me? 45 was a good time because. You know what, by that [00:47:00] time I, I stepped in enough life of my own to, to not, to be slow to judge, oh, God does have the perfect timing. I haven't spoken much about my story at all on here, but my husband and I talk about, boy, I wish that we had met, long time ago, you know, and skipped all the pain because we were both victims of abuse from our previous spouses. I'm sorry. And, um, but we thought about it and we thought we were different people. If we met at that time, I don't think I would've been interested in you and you wouldn't have been interested in me. And, I think that God brought us together this time of our life. No, we've been married 11 years. Congratulations. Thank you. So, God brought us together at our time of life because that was the perfect time and Sure. We're best friends. We never even have had a real fight. We didn't disagree, of course, but now you should write a book [00:48:00] about that. Okay. I mean, we disagree and, um, get on each other's nerves, but the Lord has just, you're normal. Just blessed us. Yeah, we're definitely normal. Um, especially during pandemic. It's like you learn about your spouse when you're stuck with them 24 7. Right? That's true. That's true. Yeah, we had to make some adjustments. Amen. And, um, we still love each other, and that it's great when you're talking about times of life, you know, for such a time as this, and I think for me, the Lord spoke to me years ago about forgiving the nightmare ministry. He actually spoke to me when I was in college about this. I didn't know it was gonna, uh, blossom or what it was gonna look like, but he spoke to me years ago about writing it down and it was always inside me. And I kept, my wife knew about it. We would always think, how's the, what's the Lord gonna do with this? Is it distant inside me to guide me through life? Is it more for others? Is it, Lord, how's it, how's it [00:49:00] gonna? Blossom if you would manifest. And we lost my mom and I have to tell you that, not immediately, but pretty quick. After losing my mom, I felt like this ministry could just launch. And it has launched. God has brought, brought a web designer into our life. He's brought some, um, producers into our life to help me tell the story. We're talking with a, an editor and a publisher. All this has happened fairly quickly. And I think, Lord, why now? And I think, to be honest with you, and this is just my opinion, I, I don't know if I have chapter and verse to back this up, but my mom was so embarrassed. She was so full of shame because of my upbringing every time for the last 20 years of my life, every time me and my mom were alone together, she would just apologize. And I don't just mean say, sorry. She would grovel and I would say, mom, I forgive you. I forgive you, [00:50:00] Marky. I'm so sorry. I'm so sorry. And if my mom knew that I was speaking to podcasts or writing a book, she would've been so, so embarrassed. So she may, it would've just troubled her so much. So I think outta the grace of God, and again, don't have chapter and verse, but I think upon her passing released me to be able to share this story, to be able to bring others into it, to just think God was being merciful to my mom on her journey. And again, it was almost pretty instant after her, uh, her own passing that I remember being on the treadmill one morning and the Lord just kind of. Just impressing upon me by giving the nightmare. Remember those words? I spoke to you. This is where it's gonna take place. And since then, we've made a couple videos, uh, we've launched a website. I'm talking to wonderful people like yourself and just trying to get the [00:51:00] story out of forgiving the Nightmare and trying to say to people whatever that nightmare was. Was it physical and sexual abuse like mine? Was it a tragedy in your life? Is it regrets? Is it fears? Is it the loss of a child or a loved one? Whatever that pain is that your nightmare. I want you to know that God can help you forgive it and overcome it and break the shackles so we don't have to be the man or the person. The hurt tried to make us. We no longer have to be Jacob. We can become Israel. Your mom would be so proud of you. And I think that, thank you. If, the Lord's probably told her, you know, the good things that have come out of a terrible situation, she said she had, you said she had some shame. Oh. I think if she was looking down at you now that, that shame would be gone. [00:52:00] That shame is no longer there. Look how God's using my son, my, my wonderful son to spread the gospel and to help people. And so Well, thank you. I'm so thankful for you, brother. Thank you for saying those words, sister. It's very kind of you. I used to say to my mom, even up to her last days, I would say, mom, who's your favorite? And she would say, I love you all, all the same. And I'd say, mom, stop lying to my siblings. I'm the youngest of three. My older brother and my older sister never made me feel like a step or a half brother. Uh, we just kind of always lived in the same house. We got real family problems and just life, but they've never left, never met me, felt, never let me feel like I was less than even to today. So I'm very thankful. My oldest sister, who is, a second mom to me, my oldest sister, she is my second mom and I'm thankful for her. So. Wow. Well, we [00:53:00] just had just a great time tonight. When your book comes out, please contact me. I would love to have you on the show again, to promote your book because obviously you, your story is so powerful and we wanna get it out to as many people as we can. So, tell the folks how to connect with you. Well, the best way to connect with me is@forgivingthenightmare.com. Forgiving the nightmare.com. Forgiving the nightmare.com is the best way to connect with me. If you go there, you'll find a email, it's called mark@forgivingthenightmare.com. That comes directly to me, right on my phone. So that's the best way to connect with me. Also you can go to our Facebook page called, forgiving the Nightmare. For giving Nightmare Facebook page. I try to put up pictures and little devotions there and stories there. So that's the two. Best way through Facebook, after Giving the Nightmare, after giving the Nightmare do [00:54:00] com, those are the best ways to connect with me. And I hope to get so Arizona someday. You have an open invitation. Wow. I'll be a tour guide for you. I know that Arizona like the back of my hand. Wow. Wow. Now my children could hear you in the background, so they're gonna be pretty excited about that invitation. There's so much stuff for, for their Edge group as well. So, we will hook you guys up. So thanks for being patient with the tech stuff and I'm glad we pushed through and didn't let the devil get the victory tonight. We found a way to get you on here. That's right. May I pray for you as we close. Oh yes, please. Thank you. Father God, we just come to you tonight and we thank you again for your son, Jesus Christ. Lord, we thank you for the sacrifice that he gave to us upon the cross, Lord. And we pay the price we could not pray, Lord. And we thank you for the gift of life [00:55:00] and life more abundant. Lord, we thank you for the promises. It says in this life there will be many troubles, but fear not because you are with us always. And Lord, tonight I pray for my sister. Father, I thank you that you're using her Lord. To spread the gospel to share, hope to be a light and a dark place. But Father, now, I pray that you come beside her father as she's shared that she's lost her brother this week, Lord. And I pray you comfort her. Lord, you said you had to go so the comforter could come. I pray, the comfort of the Holy Spirit will come beside my sister and be with her and her family as they grieve their loved one, their family member, their friend, Lord. So Lord I pray peace upon my sister. I pray Lord that you use her, continue to bless her. I thank you for the testimony of her and her husband, 11 years that you've brought together for such a time as this. I pray, Lord God, that they grow closer to you so they can grow closer to each other. And Lord, we thank you tonight [00:56:00] that Lord, we're no longer Jacob. You've made us Israel Father, no longer do we have to be shaped by our past, but now we can hold on to the promises. Lord, no longer does, we have to be shackled by somebody else's abuse, and we can be set free by your word. So, Lord, I pray that you fill us. You lead us, and may we be the light and may we be the salt, and may we lift up your name. We pray for a unity across our nation. We pray for a healing across our land, and we pray, Lord, for a revival of your salvation to come to our our country again, in Jesus name, amen. Thank you so much, brother. God bless, sister. Thank you. Take care yourself. Bye now. Bye. Thank you for listening to the Wounds of the Faithful Podcast. If this episode has been helpful to you, please hit the subscribe button and tell a friend. You could connect with us at [00:57:00] DSW Ministries dot org where you'll find our blog, along with our Facebook, Twitter, and our YouTube channel links. Hope to see you next week.
Romans 1:16Colossians 2:13–151. The Gospel has the power to bring life to the dead.“When you were dead in your sins… God made you alive with Christ”.- Paul begins with our condition. We are separated from God and spiritually dead. Sin is not just a bad thing we do, not just an obstacle between God and us, no it is spiritual death. Because of that we don't just need resuscitation we need resurrection! 2. The Gospel has the power to forgive all our sins“He forgave us all our sins, having canceled the charge of our legal indebtedness”Our DebtEvery sin is a spiritual debt — a legal record that stood against us.The “charge” (Greek: cheirographon) refers to a written IOU, a debt we could never repay.b. God's GraceJesus “canceled” our debt — the term means “to wipe out completely.”How? “He has taken it away, nailing it to the cross.”Every accusation, every shameful act, every failure was placed on Him.3. The Gospel has the power to triumph over evil“And having disarmed the powers and authorities, he made a public spectacle of them, triumphing over them by the cross”.a. The Defeat of Darkness“Powers and authorities” refers to demonic forces, spiritual rulers, and systems opposed to God.At the cross, it looked like Jesus was defeated — but in truth, the enemy was disarmed.b. The Victory of the CrossIn Roman times, a victorious general paraded his conquered enemies in public.Paul says Jesus did that spiritually — He turned the cross, an instrument of shame, into a throne of victory.
Alex Rider stops being bulletproof. In Scorpia Rising, Anthony Horowitz cashes in every IOU the series has dodged: real stakes, identity games, and a gut-punch that actually lands. Today I break down why this is the first truly adult entry in the YA spy saga and what it teaches about cost, courage, and growing up without permission.00:00 Cold Open — “The end begins here”00:38 Why Scorpia Rising Matters02:02 Spoiler-Safe Synopsis04:05 What Horowitz Does Differently06:11 Villains That Bite: Razim08:03 Identity Warfare: Julius Grief10:02 The Cost of Winning12:09 Major Spoiler: The Blow That Lands14:05 Who Should / Shouldn't Read15:18 Best Lines & Takeaways16:40 Final Rating + Next Read17:35 CTAConnect with Mere Mortals:Website: https://www.meremortalspodcast.com/Discord: https://discord.gg/jjfq9eGReUTwitter/X: https://twitter.com/meremortalspodsInstagram: https://www.instagram.com/meremortalspodcasts/TikTok: https://www.tiktok.com/@meremortalspodcast Connect with Mere Mortals:Website: https://www.meremortalspodcasts.com/Discord: https://discord.gg/jjfq9eGReUTwitter/X: https://twitter.com/meremortalspodsInstagram: https://www.instagram.com/meremortalspodcasts/TikTok: https://www.tiktok.com/@meremortalspodcastsValue 4 Value Support:Boostagram: https://www.meremortalspodcasts.com/supportPaypal: https://www.paypal.com/paypalme/meremortalspodcast
Keith discusses the pros and cons of being a hands-on landlord versus hiring a property manager. Self-management offers cost savings, quality control, and better tenant relationships but can be challenging due to tenant and contractor management. Keep up with inflation and market trends, by using tools like Rent Finder.ai for market analysis. Dani-Lynn Robison with Freedom Family Investments joins the conversation to highlight their recession-resilient real estate funds offering 8-16% returns, with options for liquidity and growth. Resources: Visit freedomfamilyinvestments.com/gre to learn more about the investment opportunity or text FAMILY to 66866 to get more information about Freedom Family Investments' liquid investment options. Show Notes: GetRichEducation.com/572 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold 0:01 welcome to GRE I'm your host. Keith Weinhold, being a hands on landlord versus professional property management. Which one is right for you? How often and how much should you raise the rent? Then learn how, rather than a landlord, to be a landlord and increase your income by becoming a real estate lender. Today on get rich education, Speaker 1 0:28 since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads in 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com Corey Coates 1:13 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Speaker 2 1:30 Welcome to GRE from Charleston, South Carolina to Charleston, West Virginia and across 188 nations worldwide. I'm Keith Weinhold, and you're listening to get rich education before we talk about, should you be your own landlord or not, and how often do you raise the rent? Let's get more personal. I want to get introspective with you with three questions, do you focus more on what you have or on what's missing? Yeah, and not just as an investor, but in your overall life. Do you focus more on what you have or on what's missing? As for me, it's what's missing, and that might be a shame. I'm definitely grateful for what I have, but probably not grateful enough if you also focus more on what's missing from your life rather than what you have. Maybe you need to be more grateful for what you've got too. But those like me that focus more on what's missing are often accomplishment driven people always trying striving for more. The second question is, do you focus more on your past, present or future. Now we all focus on all three, but which one do you focus on the most? For me, it's the present and then the future after that. The third question that you can ask yourself to learn more about yourself is, do you focus more on what's in your control or out of your control, I focus more on what's in my control. So there you go. Certain combinations of those questions can tell you a lot about yourself. For example, if you answered that, you're most focused on your future and what's out of your control, you could be setting yourself up for some sleepless nights. Oh, gosh, did I lock the car door or really, it's more like, Geez, how is that meeting really going to go tomorrow? I do some of that too fretting too much about the future for things outside your control that won't change your future one bit, but yet, ostensibly, that steals your peace of mind in the present. And I don't know who to attribute those questions to. Who originated them, but I heard Tony Robbins talking about them, and that helps you figure yourself out for some of what we're talking about here on today's show. I want to start off real basically here most first time real estate investors, they find themselves diving into the world of property management with zero experience and tons of uncertainty. You don't have to put management experience on a resume before you hire yourself to manage your own property. Self managing a rental property, it can be daunting in the beginning, but it also offers you some real benefits, like greater control and cost savings and some hands on learning. But self management comes with its own set of challenges, like tenant management and handling maintenance issues, so let's weigh some of those pros and cons of self landlording versus outsourcing it to a professional manager, there are about four key advantages to self managing. I think that most obvious one is the cost savings, because property management companies typically charge eight to 10% of the monthly. Rent amount for their services, along with an additional fee for placing a tenant or renewing a lease, and maybe even a fee for certain maintenance types. By self managing, you can then avoid these fees and keep more of the rental income for yourself and thereby making your investment more profitable. Say that your property is rented for $2,000 a month. That $200 management fee, because that's 10% Well, multiply that by 12, that's $2,400, a year, plus a typical leasing fee when a new tenant is placed is a half months rent. That's $1,000 in this case, now, you're probably not going to have a new tenant placed every single year, but if you did, then that's $3,400 annually to the manager in total, between the management fee and the leasing fee. Another advantage of DIY ing is quality control. Now, I think people that tend to be control freaks, oftentimes have to self manage, and they care a little too much. But when you self manage, you do have direct control over the maintenance and tenant selection and the overall condition of your property, and that is going to ensure that your investment is well maintained and that your tenants are satisfied. Property managers, they often manage multiple properties, so your rental might not get as much attention. And the most common, recurring issue that I hear from investors that use a professional management company is that they don't feel like their property is getting enough attention, or that the property manager doesn't really care that much about them after their contract is signed. And if you think that through, from the property management industry side, you know most managers, they're only making that 100 to 200 bucks of recurring revenue per month on each property they manage, and these are pretty thin margins overall. So in order to run a profitable business and pay their employees and cover their other business expenses, these property managers, they need to onboard hundreds of clients, and in turn, that's going to spread out their efforts pretty thin if you've only got a few properties with a manager. Well, their main priority sometimes ends up being their bigger clients. So the smaller you are, the further down the callback list you might be. But I'll tell you, even staying in touch with my professional managers a little bit, even the ones I only have a few properties with, I feel like I get what I need. A third advantage to managing yourself is better tenant relationships. You've got a level of control that allows you to build relationships with your residents that can lead to longer retention and less of that costly turnover, and having that direct communication that builds some trust, that builds some respect between you and your tenant, they appreciate a landlord like you is probably going to respond quickly to maintenance requests and the fact that you're approachable if an issue comes up, and also, by you being more involved in the tenant screening process, you can ensure that you select a pretty good tenant that's going to stay Long Term and really take care of your property. Another advantage to you self managing is that you do build some valuable skills. I mean, managing a property on your own that teaches you a big range of pretty versatile skills, from like handling maintenance and repairs to negotiating leases and just overall, managing your finances, these can be pretty helpful skills, not just for your rentals, but for your future business ventures. So really, those are some of the upsides of self management. Now, how about the flip side, the challenges of self managing your own rental property? Well, the problem is managing your tenants. I mean, some say that this whole discipline that's called Property Management ought to be called tenant management and handling tenant relations. That's one of the most critical aspects of being a self managing landlord. I mean, even if you try to build tenant relationships, mismanagement that can lead to vacancies or disputes or can even go into legal issues. So educating yourself on landlord tenant laws and best practices, that's pretty essential. If you want to head off problems, you've got proper tenant screening and addressing tenant concerns and ensuring that rent is paid on time. I mean, all that stuff's crucial. Most tenants are pretty reasonable, but you know, there are always going to be a few that will challenge your patients, and it really requires that you be tactful and professional to manage well, managing contractors. I mean, property maintenance, that's another key responsibility you have to. Fine and hire and coordinate contractors for repairs and upkeep and poor contractor management that could lead to cost overruns or really shoddy work and more, knowing how to negotiate contracts and oversee projects that's crucial to maintaining the tenant satisfaction and the overall quality of your property. Another downside of self management is handling emergencies, I mean plumbing leaks or electrical issues, that stuff could happen anytime. And as a self managing landlord, you might not always be available to respond immediately, which can lead to property damage or unhappy tenants. So self managers, they really need to be problem solvers. Self managing a rental property, things go fine 99 plus percent of the time, but it could get emotionally taxing, especially if those tenant relations become a problem. So you got to keep personal feelings out of it, that stuff can cloud your judgment and negatively impact your decisions. If you want to self manage, you've got to maintain professionalism and set clear boundaries and remain objective when you're dealing with tenants and property issues, so creating systems and processes help you minimize those emotionally driven decisions, and can help you ensure consistency in managing approach. And then there is that legal side you ought to keep up on that local area's landlord and tenant law. So in conclusion, on whether to be your own landlord or outsource it to professional management, while these challenges are pretty real, you should still be able to self manage your properties, even remotely, even across state lines or from 1000s of miles away. I mean, most of these worst case scenarios that you hear about, like a flood at 2am I mean that stuff just never happens. I mean, it's never happened to me, even if you don't have previous experience, you really can effectively manage your rental properties and see positive results when you got the right tools and the right mindset. And today's tech tools make remote management easier than it's ever been in human history. But any long time listener knows that I do not manage my own properties. My time is simply too valuable. As a frequent guest on the show here, Robert helm says life is too short for property management, I just feel a personal sense of freedom and autonomy and some headspace clearance by knowing that no tenant can contact me directly yet that my manager is taking care of them. I mean, it's just not worth doing it myself to get that last 2% toward perfection. When you buy in the most investor advantage areas, you should have enough margin to pay for a manager. Keith Weinhold 13:03 All right, well, let's change topics now, and whether you self manage or you outsource it to a pro, you know, you've got to ask, how much and how often should landlords raise the rent? That is the question. Let's say you've crunched the numbers and expenses are climbing like they have these past few years, and the market is shifting and your rent hasn't changed. That really leaves you with one big question, Should you raise the rent? And should you raise it every year? And if you're new to landlording, it can kind of feel complicated. It could feel like if you raise the rent too much, you risk losing a great tenant if you raise it too little or not at all, and you might fall behind on costs then, or even undervalue your property if you don't keep your rents up there, because five plus unit property values are based on the rent, which goes into the NOI your net operating income. And really, this is one of the more common dilemmas that landlords face. But really, the good news is that there's a pretty clear way forward. So let me help you determine when a rent increase makes sense, and then figure out an amount that keeps your unit competitive. It keeps your rental income on track. Now some people, they actually believe that landlords are required to raise the rent every year and to a tenant, it might seem like that's what happens, but no, landlords are not required to raise the rent every year. They often choose to do so to keep up with inflation or stay competitive and high demand markets, and keep up with shifts in local rental trends, gradual, smaller increases can help you avoid the need for making larger jumps later, that stuff can surprise or frustrate your tenant. You want to go for those big rent jumps, but two. 19 tenancies. We've covered that part before. Now, some landlords prefer to keep rent steady, like when they have long term reliable tenants, or they're just focused on building equity over time, and they want to stay hands off, and don't really need the cash flow so much. Now, in a lot of cases, maintaining that same rent amount that sure can reduce your turnover in vacancy costs, those things are your biggest expenses, but often that is not the best approach in the long run, because you probably are a leveraged investor, meaning that you have a loan on the property. Well, then a rent increase that helps you out more than it does for the less educated, paid off free and clear property owner, because you can widen your delta faster. You widen your cash flow faster because your biggest expense, your principal and interest payment, stays fixed. Yes, you are getting leverage on both the asset value overall and the income. Yes, this is winning that third crown of GRE s inflation triple crown. So ultimately deciding how often to raise the rent, that really depends somewhat on your goals and also the condition of the rental. You got to factor in how satisfied you think that your tenant is. That's part of it, and the state of the market as well. Now, if you're unsure what the right rent price is for your area, there are increasingly sophisticated tools for helping you figure that out. Rent finder.ai, can help you. One of my property managers uses it. It's a really cool AI driven report that looks at 25 rent comparables in the area. Again, that tool is rent finder.ai. Speaker 2 16:52 Now, when should landlords raise rent? Finding the right time to do this that helps you stay aligned with the market value all while supporting your financial goals. But there are also times where it might be smarter to hold off on hiking the rent. The most common times that you implement a rent increase are at least renewal. That's really the most common and appropriate time to raise the rent, provided that you give proper notice. You usually got to give 30 to 60 days notice. Another common time to raise the rent are after you make significant upgrades, like installing new appliances or renovating a kitchen or updating flooring. I mean, this is when it might be reasonable to adjust rent to reflect that added value. Another time is when overall market rents are rising, even if you haven't improved the unit or anything, because if rental prices in your area are up, well, then raising your rent helps keep your property in line with local rates. But you got to keep in mind that rent price increases require a well thought out strategy to avoid pushing away good tenants. Another time to increase the rent is to keep up with inflation and expenses over time, especially these last few years, we've all had higher operational costs like higher insurance, higher property taxes, higher maintenance costs. So even a small annual rent increase definitely helps offset those rising expenses, but you have got to avoid basing your rent price solely on operating expenses. When you do raise the rent for this reason, though, let the tenant know just which operating expense rose. That is going to help reduce tenant frustration. Now, on the flip side, there are times when keeping your rent steady could be the better choice, especially if you have a long term reliable tenant. I mean good tenants that pay on time and take care of the property. They are worth retaining, not all times, but sometimes avoiding that rent hike can help you maintain a good relationship. There another time to avoid it is when the rental market is soft. I mean, if there's more competition in your area, or high vacancy rates in your area, well then raising the rent could lead a tenant to look somewhere else, especially if there are vacant properties nearby that they could move into. Another time to not raise the rent is if the property hasn't changed, if you haven't made any of those improvements, sometimes a rent increase might not be justified, or obviously you don't want to raise the rent if you really, really want to avoid a vacancy. So keeping the rent the same might encourage them to renew. So factors to consider before raising the rent and how to calculate an appropriate increase if a unit is aging or needs repairs, raising the rent without improvement that could discourage renewals. So consider creating a value checklist to quantify certain improvements, like new apps. Appliances could be 25 to $50 a month in additional rent, or a renovated kitchen, $75 a month or new HVAC. That could be 30 to $50 a month. Think about neighborhood changes like gentrification or new schools or increased transportation access or nearby commercial development. I mean, all that stuff can raise demand, building a Whole Foods nearby, having a new office space with high wages nearby, that can increase your rent. Look at City Planning announcements and local news. You can help stay ahead of the trends that way, and if your neighborhood has seen a rise in new businesses or housing demand. I mean, that is justification for a moderate increase and a modest annual rent increase tied to inflation that can help offset your rise in costs. You can reference the CPI, yeah, the BLS. They don't just report national inflation, but they do this by region as well. Now, is there a limit to the amount of your rent increase? Well, depending on where your property is located, there might be legal limits to how much you can raise the rent, and they're typically defined by state and local rent control laws that can vary a lot across the US, in cities or states with rent control, or what's called rent stabilization, there are strict caps on how much you can raise the rent annually. And those caps, they're often based on the local CPI. They might range from 2% per year to 10% a year, depending on the area and if your rental property is in a place without rent control, well, then there might not be any legal limit on how much you can raise the rent really. That's sort of situation normal. So you do have to look at those local laws. Of course, here at GRE we recommend buying and owning properties outside of any rent control jurisdictions, which are often those places in big Northeastern cities or on the west coast where they have rent control. Well, your success as an investor, it has a lot to do with how much of your money you are leveraging, but funds that are leveraged into property that you own directly, they're not very liquid. Any prudent investor keeps a liquidity bucket of funds, and for me personally, I don't keep many of them in these online only savings accounts that might yield a 3% or 4% return today, because that is simply too low. What I do with my liquid funds is I get a return that's more than twice that amount. Where I am not the landlord, I'm the LEND Lord. Yes, l, e, n, d, lendlord, I'll tell you how to increase your income that way. That's next. I'm Keith Weinhold. You're listening to get rich education. Keith Weinhold 23:03 The same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage, start your pre qual and even chat with President Chaley Ridge personally. While it's on your mind, start at Ridge lendinggroup.com. That's Ridge lendinggroup.com. Keith Weinhold 23:34 You know what's crazy your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back, no weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family to 66 866. To learn about freedom. Family investments, liquidity fund again. Text family to 66866, Robert Kiyosaki 24:48 this is our rich dad. Poor Dad. Author Robert Kiyosaki, listen to get rich education with Keith Weinhold. Don't quit your Daydream. Speaker 2 25:06 If you love the income from rentals but you don't like the vetting and the tracking and the tenant calls, this episode is for you. I've openly shared with you before that I don't keep much money in a savings account, since the returns are often lower than true inflation today, it's about where I invest my own funds that I want to keep fairly liquid yet get a strong return. We're talking to who owns and runs those very funds that I'm personally invested in. She co founded freedom family investments. They're a firm with over $50 million in assets under management, and they have a 100% track record of investor payouts to those investors that include me. After building her own wealth through real estate, she made it her mission to help investors create freedom, safety and peace of mind in their portfolios. She specializes in turning hands on real estate strategies like turnkey rentals into relatively passive, scalable income. It has real estate backed returns that get fairly high. You'll see how high today. She's got a great plain English approach and focus on recession resilient, needs based assets that have earned her repeat invitations to get rich, education and other top real estate shows she and her husband flip also co wrote a great book called Get real, which I have on my bookshelf. Hey, it's great to have you back on GRE Danny Lynn Robison Dani-Lynn Robison 26:30 thank you so much, Keith. I'm so excited to be here Speaker 2 26:33 Danni, We'll discuss rates of return for the investor shortly, but first, I think that any prudent investor asks about that foundation, what is the investment backed by? What are the underlying assets? Tell us about that. Dani-Lynn Robison 26:48 So that's really important to me as well. And real estate is my love and passion. So this is a fund that is based on recession resilient needs based real estate. What that means is we're really focused on the needs over economies, down economies, no matter what is going on the market, is there demand? Is there enough demand that the cash flow is going to continue on? And so our asset classes inside this fund are multifamily housing and then senior housing build to rent and self storage. And by concentrating on all of those, we're just staying aligned with the fundamental needs of American families, which is why we're freedom family investments, Keith Weinhold 27:26 right? Okay, so, yeah, pretty staid, stable underlying assets there, like you say, these are needs based items, items that people need. And tell us more about how the investment is structured for that investor, and these investors like me, looking for predictable, passive income. Dani-Lynn Robison 27:46 This is something that's really important to me. I'm always talking to our investors and finding out what's important to them. What are they investing in right now? How do they feel about the market? What's important to them? And out of that has come every single fund or offering that we have created. And so what I love about this one is it combines a whole bunch of things all into one place. So this fund, the way it's structured, provides diversification, because as a private money lender, you are lending on one asset, so you're dependent on that one asset actually performing and being able to pay you back. Now, as you said at the beginning of the episode, we have a 100% payout track record, and that's because I think my very first episode with you was about private money lending, and I told this story about this duplex where we lost, I want to say, over $50,000 and I talked about the importance of investor relationships to me, and that long term relationship means more to me than anything else, because if you don't Have trust, then you don't have anything, you don't have a business, you don't have you can't grow long term. So even though we had lost so much money on that duplex and made a lot of mistakes, the investor got their full principal paid back. They got every penny of interest during the time that they were owed. And that Testament has happened over and over again, and it's also why I've always preached volume, because deals like that in real estate, it's going to happen in anybody who tells you otherwise just run, because there's going to be times where you peel back a wall and there's something you know big that you're going to have to take care of, and there's times when contractors aren't going to do what they say they're going to do, and it's going to go over budget. And because of that, volume is important. So if I'm doing 10 deals a month, and two of them go bad. I've got eight that do really, really great. So that's the diversification piece that is so important to me, and therefore also important to my investors. Because we've talked about that, we've talked about those conversations. So in the fund, being balanced and diversified across those four asset classes ensures that no matter where the market is and what we're investing in, some of them could be doing really good, while some of them may not be doing as good, and we're just evening out and protecting ourselves and our investors with that separate asset classes and multiple doors. Then the other thing about that I've heard loud and clear is liquidity. And you and I were talking about this right before we pressed record, and I. Always laughed, and I was like, liquidity and real estate just don't go together. So let me figure this out. And we worked with our attorneys and figured out different ways to provide liquidity to real estate investors while still protecting just the way everything was structured, because that promise and making sure that I'm always giving that money back to the investors and paying them on time every single time, was so important, we structured a fund that allows people to invest and then get their money back in a year if they want it, but if they don't, then they get to continue investing for a period of time. And so that marriage and balance has really been a win for us and for our investors. And so I'm really excited about this fund. Keith Weinhold 30:37 Danny Lynn, it's a little sad before our chat today, we learned about another industry professional that offered a fund to investors, and that fund imploded, for lack of a better term, and you divulged with me that you're actually familiar with that fund and with that operator that offered it. And you know you talked about how there were really some red flags, some warning signs, there, you have third party eyes on your fund for its lifespan, from beginning to end and here in the present. And the other thing is that you invest the funds in your own businesses, so you have more control over that when you talk about these four different asset types that you're involved in. So can you talk to us about that? Dani-Lynn Robison 31:25 I've been in the room with him. I don't know him personally. We're not friends or anything, but I know him, and I know what happened as that fund progressed. And when I looked at the fund structure, I love the promissory note idea, because it's simple to understand. There's a warren buffett quote I love talking about that you shouldn't invest in something you don't understand. And I believe in simplicity. I believe in making sure that you understand exactly what you're getting into when you're putting your money on the line. And in that particular fund, it was very hard to understand the assets that you're investing in. And so it was a lot of businesses I would view them as high risk. I felt like even the monthly distributions were a little risky as well, because sometimes you just don't know if the money is going to be coming in. You know, you might be in a building phase where you actually need the capital to work on and grow and improve the business or the real estate. And so we always structure things in a way that we do two tiers. There's an income track and there's a growth track to allow us to balance everything out and be able to give the investors a lower rate of return if they want income, and a higher rate of return if they want growth, because that higher rate of return we can do that because they are allowing us to use that capital to be able to work on properties, to work on businesses have that growth trajectory, and when it comes to our businesses, I'm glad you brought that up, because he did invest in businesses, and I don't historically do that. I love real estate, but I do invest in my own businesses, because I know me. I know my character, I know my track record. I know what I promise I'm going to do, no matter how hard it is. I'm going to make sure that I fulfill those promises. And so if I have like, ownership and direct control of everything, I feel very confident in my ability to move forward. And that's really where the masternote program comes in, we now call it freedom notes, because we just love freedom so much we're just rebranding everything. So the freedom note program really does help us invest in businesses as we're growing, and it's our own businesses so super excited about that opportunity. Structured the exact same way as the flagship fund. Keith Weinhold 33:16 You use the term promissory note there, just so that no investor is left behind. What is a promissory note? Dani-Lynn Robison 33:23 A promissory note is really like an IOU. So I always like to compare it to bank loans. Whenever our private money lenders would come and talk to us about private money lending, and they'd say, can you explain this to me? I'd say your Bank of America like you're the one with the lien on the property, so you're in first lien position, and so if something goes wrong, then you have the ability to foreclose and get that property back. So promissory notes, essentially is a loan to this fund, and this fund is then going to use that money to purchase or acquire or invest in or do recapitalizations of those projects that we talked about. So in the flagship fund, those four asset classes, masternodes, so the freedom notes also invest in those same asset classes, but they also invest in the businesses as well. Keith Weinhold 34:09 So we're talking about predictable passive income for the investor here, about as close to passive as it gets, hands off management. You've got the professional underwriting, the servicing and the reporting done by a third party you actually use invest next, that's the third party company that administers this. Tell us more about the investor qualifications, about the minimum investment amount and accredited versus non accredited. Tell us about that. Dani-Lynn Robison 34:38 We have programs for both non accredited and accredited investors, and like I said, they're set up structurally very, very similar, but they are it's has to be SEC compliant, right? So for the non accredited investors, it is the freedom note program, and it's set up so your funds are in a separate bank account all by itself. It's fully tracked that way by our accounting team. And you can always go in and say, Hey, can you guys tell me where my funds are placed? And we can always track that information. So it's a little bit more work on our part, but it does allow non accredited investors to participate in something until they have the opportunity to reach a point where they do meet that accredited status and they can participate in the fund. And then the fund is the accredited vehicle. It's a 506, C, again, fully it's a Regulation D, fully vetted by our attorney. They're just actually finishing the documents right now. I didn't tell you before this, but you're actually the very first group that we're like talking to this about. And I told you how much I love our relationship and how long we've known each other, and how I just want to do more things with you. And so we're like, this is perfect that we get to actually launch it to Keith's group first. So we're excited about that as well. And then you talked about invest next. This is the piece that I think is important to me, no matter who you invest in, is what is their financial transparency look like? How are in the investments tracked? Where are the funds? Who is looking at those funds. So not only are we tracking all of the funds in house, but our CPA has to look at the funds and what's happening there. And originally we had nav, which is a fund manager. Now we've moved over to our invest next, and it probably took us six months to get onboarded with them, because of all the compliance pieces required for a company like that to bring you on board. So I just think that's one of the important pieces that makes me feel safe, because I want a bunch of eyes on the financials, and it makes our investors feel safe as well. Keith Weinhold 36:31 For those wondering why I invest my funds here, yes, you've got that third party auditing, like you've mentioned, and you're investing only in your own businesses, so you have control. That's a big part of what makes me feel good. Well, let's talk about the fun part. Danny, tell us about those rates of return and the liquidity. Dani-Lynn Robison 36:50 The rates of return are anywhere from eight to 14% but the 14% can go up to 16% because there's a 2% bonus upon maturity, and that eight to 16% is in two series. So there's an income series and there's a growth series. The income series is what appeals to investors who want those quarterly distributions and who want the passive income and cash flow. And so that particular series is anywhere from eight to 10% and again, depending on how much you invest, there's a 2% bonus in that series, and then the growth series is even higher. And the reason that is is because these are the long term investors who are looking to really accelerate growth in their portfolio. And that allows us peace of mind that we've got capital to be able to use for the renovations, for whatever is needed, depending on the market and how the cycles are going. As I said before, real estate is illiquid, and you have to structure and balance things based on that. And the growth series is a win for the investors, because compounding on, let me see, it's 10 to 14% returns, plus, depending on how much you invest, there's a 2% bonus that compounding adds up fast. We've done math for our investors are like, Oh my gosh, I'm never moving my money. I love this. They just love to see the growth trajectory. It's a win for us, too, because we get to use that capital as needed in order to ensure that we've got successful investments at the end of the day. Keith Weinhold 38:21 Okay, so the income series has eight to 10% returns based on how much you invest, that pays out quarterly. And then the growth series that has those higher rates of return, up to 14 even 16% where the payout is made at the end, and how long is one waiting until the end? I know it sounds like most people want to continue that compounding and roll it forward, but what does the end look like for the groceries fund? Dani-Lynn Robison 38:47 Yeah, I'm glad you asked that. So that's the liquidity piece, and that's the thing that we went back and forth with our attorneys about, because real estate is naturally illiquid, and so what we did is it's a recurring annual renewal. So it's an auto renewal, meaning that every single year you have the opportunity to say, Hey, Danny, hey freedom, I would like to go ahead and give you notice that I would like to get my funds back. And so that gives us enough notice be able to plan for those funds to come back to you principal plus interest. And then every year, if you choose not to ask for your funds back, it auto renews for a total of five years. I believe it is. You'll have to look at the documents just to confirm everything that I'm saying, because what I'm speaking to is our freedom note program, which is what this was built off of, because it was so popular. When given investment opportunities, everybody was just like, I want to go into those freedom notes. I like those because it gave them peace of mind, the ability to take out their cash if they needed it, but allowed for a compound or fast growth and a long term investment if they felt that was right as well. Keith Weinhold 39:47 Okay, this freedom note program either the income series or the growth series, but we're talking about rates of return here. What's interesting is we're in a period where federal funds rate drops are. Anticipated when that happens, the return on your savings account does fall by that amount. However, these funds don't. That is correct. Yes, we're talking about, again, these funds that are backed by needs based real estate, like senior housing, workforce apartments and self storage demand that stays steady, even in downturns. And I know that you have an investor story as well. Tell us about that. Dani-Lynn Robison 40:28 Yeah. So we have so many investor stories, and you can actually see the videos and audios on our website, and I encourage you to go check them out. But we like to call this investor story Jane, because we've heard the story so often that we call her Jane. So this is really the investors who have been investing with us as private money lenders and turnkey investors. And there they realize that number one, the in and out of investments. As a private money lender means that they always have this capital sitting and earning nothing at some point in time. And the turnkey investors, they think it's passive. And then they realize, oh gosh, there are tenant issues. I do have to, you know, manage this, the property management company. I do have to double check all the financials. I do have to approve a tenant or approve repairs, and it ends up being a little bit more work, and sometimes a lot more work than they ever anticipated. Those investors in particular, are the ones that love working with us the most, because suddenly what they thought was freedom going into the investment opportunity turned out to be a little bit different than they anticipated. And so they're like, I'm so thankful to finally, you know, be in an investment with a company that I trust, but that can be there, give me liquidity options, give me a good return, but it's 100% passive. So we call that investor Jane, because we just hear this story over and over and over Speaker 2 41:45 before I ask about how our listeners can learn more about this, if it might interest them. Is there any last thing that you want to tell the audience? Maybe something that I didn't think about asking you? Dani-Lynn Robison 41:57 That's a great question. The here's the thing that I always like to say, when you're investing with somebody, I think it's important to ask about the worst thing that's happened, what they did, how their investor was treated, what was the financial outcome? I think those questions are people don't think to ask that. Like, when you get on the phone with somebody, everybody's gonna tell you the rosy stories and all the good things, and this is why you should invest. And they're not going to go down the road of like, what happened, like, what are the bad things? Because every business and every real estate investor experiences bad things. So finding out the character of the person, I think, is how you find out is by asking what happened in that worst case scenario. So I think that's a really great question to ask, and you can ask us anytime I transparently tell my horror stories all the time, and just always in saying how important our long term investors are with us. Keith Weinhold 42:46 It's just like the title of your book. Get real. If you don't have a messy story to tell, you probably haven't been in business for very long. Are there any fees in order for one to get started? Dani-Lynn Robison 42:58 No, there are no fees. That's another investor feedback piece is the confusion. It's like they want to invest, but they're so confused by investment opportunities and what they're really making. So when you invest with us, the return that we tell you you're going to get is actually the return that you're going to get. So whether it's, you know, 8% 9% 10% whatever that is, that's the return you'll get. If there's any fees in, uh, within the fund itself, there's none in the freedom notes program. If there's any fees within the fund itself, it comes from the actual underlying properties, not from investor returns. Keith Weinhold 43:31 Well, it doesn't take very much documentation in order to get started. This could really help you make more of the funds that you want to keep more liquid as fast as 90 day liquidity. Danny, tell our audience how they can get started, and if they just want to learn more about this to see if it's right for them, Dani-Lynn Robison 43:50 we have done something super special this time. I think I've been on your podcast probably four or five times. Now this time, I'm going to tell you to go to freedom, family investments.com. Forward, slash, G, R, E, so it stands for get rich, education, so freedom, family, investments.com. Forward, slash GRE, what we've done this time is we're really tailoring what we do to Keith, because this relationship has just been such a great relationship we've had over time that we want to make sure that the investors that come in from your audience are just they rise to the top for our Investor Relations team so that anything that you need, we're just right there for you. We've got an investor concierge, and we're just doing as much as possible to make sure that you guys are prioritized. Speaker 2 44:30 Yeah, feel free to let them know that you learned about this through me, you'll get the VIP treatment. Danny, thanks for being such a responsible custodian of my own funds. For years, it's been great having you back on the show. Dani-Lynn Robison 44:42 Thank you so much, Keith. Keith Weinhold 44:50 Look the key to most anything in business or investing is for you to provide something that's of value to someone. Else. Look for something that makes somebody else money, and then go get a piece of that for yourself. And because this is where I park my own funds for liquidity, I do need something that I can count on, recession resilient needs based real estate assets that people rely on in every economic cycle. So this is backed by, frankly, pretty plain things, with durable demand, limited supply and strong demographic tailwinds. And again, those four underlying assets are multifamily housing, senior housing, build to rent, which are new single family rental communities and self storage, which is something proven to hold up even in recessions. And what makes these funds from Freedom family investments different is that, like we said, they have third party financial eyes on them, and the control is there because the funds are invested in their own companies, and now there's no such thing as a zero risk investment or even a 100% passive investment, but this is about as close to real estate passivity as you can get. There's more of that than there is with direct ownership of turnkey real estate, they'd surveyed investors to find out what they want. That's why you can choose from again, Freedom family investments either their income series, which has eight to 10% returns, but it can be up to 12% at higher investment amounts, you get quarterly distributions, or their other is their growth series, 10 to 14% returns, but it can be up to 16% at higher investment amounts, with the option to have your funds back annually. These are fixed rates of return and a declining interest rate environment like we're in now. Cannot touch those rates of return, I think, for someone that's not in real estate and doesn't understand how real estate pays, five ways, they might find it unusual that an investment can reliably return more than 10% like this. But those that are initiated, they get it. It's pretty simple. I mean, you are going to increase your income $10,000 per year if you invest 100k at a 10% return. If you'd like to learn more and see if it's right for you, it's been made pretty easy. You can do that one of two ways. Text family to 66 866, just text the word family to 66866, yes. This is how you can, rather than a landlord, be a lend Lord with the liquid component of your investments. So you can learn more about freedom family investments, just visit freedom family investments.com/gre. That's freedom, family investments.com/gre, until next week, I'm your host. Keith Weinhold, don't quit your Daydream. Speaker 3 48:13 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively. Keith Weinhold 48:37 You know, whenever you want the best written real estate and finance info. Oh, geez, today's experience limits your free articles access and it's got paywalls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you'll also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now just text. Gre 266, 866. While it's on your mind, take a moment to do it right now. Text, gre 266, 866, Speaker 2 49:53 The preceding program was brought to you by your home
The Rev. Nick Lannon preaches a sermon on Paul's letter to Philemon. Jesus takes our debts onto himself, signing our IOU with his own flesh and blood.
Let's Chat!A body in a freezer. A burned IOU card. Red ink that refuses to fade. Detective Grayson thought he had buried his past, but when former informant Victor Ramos is found executed with Grayson's handwriting on an IOU card left at the scene, everything changes. This noir-inspired journey through Chicago's shadowy underworld isn't just about a murder—it's about the debts we all carry and the prices we pay when they come due.What begins as a murder investigation quickly becomes a reckoning as Grayson confronts the bargain he made years ago: burning a police report to keep Ramos out of prison in exchange for information. His partner Black sees through his carefully constructed walls, delivering the cutting truth: "You're not haunted, Grayson, you're hiding." As the investigation deepens, we discover that Ramos wasn't just killed—he was audited, a balancing of books that threatens to expose everyone connected to him.The real power of this episode lies in its universal message. Ramos believed collecting secrets and debts would protect him, that leverage equals power. But as Grayson discovers, "Leverage doesn't make you free; it makes you owned." This resonates deeply whether you're navigating Chicago's criminal underworld or simply confronting your own compromised choices."You don't get peace of mind from negotiation. You get it from deletion." These words echo beyond the story as we're challenged to examine our own ledgers—the promises we've broken, the compromises we've made, and the versions of ourselves that no longer deserve to live. What debts are you still carrying? What ledgers need burning? The lies we tell ourselves don't disappear; they collect interest.The journey toward peace of mind begins when we stop writing IOUs to ourselves and finally settle accounts with who we've been to become who we're meant to be. Listen, reflect, and consider which ledgers in your life need burning."True mastery is found in the details. The way you handle the little things defines the way you handle everything."
2010 Rerun: Definition of Money: In the 1990s here at Bob Enyart Live, I wrongly claimed that justice required a return to the gold standard, whereby currency was formerly backed by reserves of precious metals. Years ago you could return a $10 bill, also called a gold certificate, to a bank and receive a certain amount of gold. After studying and thinking about money for years, reading economic texts and reflecting on the Bible, asking questions of internationally renowned economists, I now know that the definition of money is not gold or silver (although they can be used as money). But money is more like a transferable IOU. Most accurately, money is the accounting of transferable incomplete transactions. That is what money actually is. You can see the rest of this at KGOV.com/money... * Post-show Note: You're invited to also see our KGOV Political Spectrums chart and program. Today's Resource: You can enjoy one or two of Bob Enyart's entertaining and insightful videos each month, mailed to you automatically, simply by subscribing to the BEL Monthly Topical Videos service! Also, you can check out the other great BEL subscription services!
The new tax bill just passed, but will it actually help you? Let's look at who stands to benefit, strategic moves to consider now while the rules are fresh, and answer a few true or false questions about the law. Important Links: Website: http://www.yourplanningpros.com Call: 844-707-7381 ----more---- Transcript: Marc: This week on Plan With the Tax Man, let's revisit the Big Beautiful Bill conversation. But this time let's look at who it helps and maybe who it doesn't help as we digest more of the Big Beautiful Bill. Welcome in to Plan With the Tax Man with Tony Mauro and myself as we talk investing, finance, and retirement. What's going on, my friend? How you doing? Tony Mauro: I've been doing well. How about you? Marc: Hanging in there. We are firmly into August already. Man, the year is just like, "Shoo," just flying by. So I hope everybody's doing well. We're on the back half of the year and we wanted to just readdress a little bit more the Big Beautiful Bill conversation. We talked two weeks ago, Tony, about some of the nuance, some of the numbers, things of that nature, but let's talk about who's benefiting and maybe who isn't, just depending on where you're at. And we'll just kind of refresh some of the rules in the conversation as we're moving along. So in your mind as a planner, as someone who helps people with their business, with their personal, not only taxes, but also financial strategies, things of that nature, who do you see benefiting from this passing law? Tony Mauro: Well, I think there's a little bit for almost everyone in varying degrees. So I hate to say that there's no real losers, I don't think. Some people might benefit more than others, but I think that anybody could take some of this, especially with the tax rates and use it to their advantage for a while. It doesn't matter what your income is, it matters of how much that you can do to save for some things. So while I think it's a good attempt to maybe provide some tax relief all up and down the board, yeah, I mean it depends on who you listen to. High income earners are the winners because the greater tax cuts for businesses and the lower income households are losing way more than they're getting. We don't want to get into all that, but we want to at least hopefully explain a few things about this of how you can win on this. Marc: And we talked about that a couple of weeks ago. I mean, I think retirees and pre-retirees, certainly with the expanded standard of deduction, see benefit 65 plus, right? So that's a big piece. Some above the line items we talked about for charitable people, that's definitely beneficial. I think married couples that are, I guess middle/upper I guess maybe might be the ones losing out. I think married couples between basically $250,000 of income coming into the house and down. There's quite a few benefits for those folks, right? 250 and up, I think you're not going to see some of that. Tony Mauro: Not going to see some of that, especially if you're one of those people and you're both W2 and you don't have businesses or rentals or some things like that. And it depends on some of where you live, but there is some things in there that you might be able to take advantage of. Depending on what state you're living in with the whole SALT cap thing, you might be able to itemize where before you could not. But yeah, I think you're right with the things above 10 or 200, some of that stuff's going to phase out and you might feel like, "Well, I didn't get much out of this," but nevertheless, the tax rates are still relatively low. You still can convert Roth IRAs and do some things for retirement and things that will help you. Marc: Clients with no business or rental exposures. They're going to miss that. A little bit, like you said, some of the lower states with the SALT, but I feel like there's a lot of strategy in here for people. So if you're being proactive, which we hope that you are, what strategic moves should savers be looking at? Tony Mauro: Well, I think the big one would be, I'm a big Roth guy if you can do it, because way back Congress made a deal, what I call, with the devil, because they allowed these Roths, even though I think it kills them in the end because they can't get any tax on it. But they did set some limits in, but Roth conversions are big because they still allow you to convert from a tax deferred to a Roth, and you can even still do a backdoor Roth. It doesn't matter even what tax bracket you're in. And so even high income owners can start getting that money from the IOU to Uncle Sam to tax-free later on. So I think that's a huge one no matter what bracket you're in, that's the big one. Higher income earners and wealthier people, they did raise the estate and gifting strategies, but you're talking really high net worth up there, so that's not going to affect most of our clients. Marc: Right. At least they went to an even number, what was it, 13? It was like $13 million 999 before or whatever. Now they made it $15 million, so it's like- Tony Mauro: $15 million. Marc: Yeah, thanks for making it simple. Tony Mauro: And if you think about that, and if you double that, if you're for joint, you've got $30 million roughly before you have to start paying some of those taxes. I can remember in my lifetime when that exemption was like a million dollars and boy, if today it was that low, everybody would be getting snagged with that one. Marc: Yeah, I mean that's a good thing, right? Because I mean just the home values right now would send most people over. Even I think there was talk about before this even went through of them removing that $13 million down to back down there like six or seven or somewhere in that neighborhood even that would've been easy to hit for a lot of people with some of the housing prices. Tony Mauro: Especially in these total estates. Marc: Yeah, so I think again, charitable deduction, charitable contributions being effective there is certainly going to benefit a lot of people. And when it comes to the estate side, you definitely want to make sure you're still talking with your strategist and hopefully an attorney and you're putting those pieces together anyway, because a lot of people just don't even bother. They hear that number and they go, "Oh, well, I'm never going to touch that, so I don't need an estate plan." It's like, well, no, everybody needs an estate plan. It's just a matter of the estate tax conversation. Tony Mauro: Yeah, and the complexity of it. I believe everybody needs an estate plan and some of the basics. Obviously if you get up there to those numbers, then it's more complex and you really do have to do some planning to avoid those nasty taxes, but it's possible to do it. Marc: Yeah. Well, what else might trip people up on the new landscape, Tony? Tony Mauro: Some things would be implementation windows. Check with your advisor. I mean, we're sending out newsletters, so hopefully our clients are reading those about some of these weird start dates, so you don't do something and miss it and be mad that you don't get that particular deduction. There's that. And then I think too, I think you should check with your advisor to see overall, just you're just your tax advisor and/or your tax and or planning advisor, is, "What can I do? How can this help me?" So you don't go out and do something that you shouldn't, so you don't make a mistake. And I'll give you an example. The car interest deduction, it's basically for lower to middle income people. It does phase out. It would be a mistake to go out and buy a car that doesn't qualify for that. And so that would really make you mad if you went out and bought a new car. Maybe you got yourself into a loan and with the hope of getting the interest deduction, you don't get it. The other one is too though, with that one, you have to be careful, and maybe this would be more of a planning situation, is don't go out and buy a new car, maybe just for a deduction if you don't need it. Now, that's going against probably what Congress's intent is, but from a planning standpoint, as an advisor, we want you to stay out of debt as much as possible. But if you're in the market for a new car and need it, do it and maybe you can get a tax deduction that lowers the overall cost a little bit. But again, I think the big takeaway there is really check with your advisor before you implement some things. Let's put it this way, before spending money on things. Marc: Yeah, very true. All right, well let's wrap up the program here, Tony, with just a quick true or false on some of the Big Beautiful Bill myths out there. True or false? Social security is no longer taxed. Tony Mauro: That is false. Marc: Okay. Tony Mauro: They're still subject to the income tax depending on your total income, so that's not true. People are getting that confused with the extra deduction or- Marc: Yeah, the senior deduction. Tony Mauro: Yeah, the senior deduction. Yeah. Marc: Well that's my next one, so that's false. Okay. True or false? The new law means tax cuts for everybody. Tony Mauro: Yeah, not really because some of it, like the $6,000, I mean really is only for 65 plus and that does phase out if your income is too high. And then the SALT deduction really is going to help mostly people in the higher tax states. Marc: Yeah, for sure. True or false? The tax brackets are permanent now, so I don't need to worry. Tony Mauro: That's definitely false. You know nothing is permanent in Washington and it only means they're not set to expire. That doesn't mean the next Congress or president couldn't come in and rewrite everything, so absolutely not. Marc: Yeah. Okay. The $15 million estate tax exemption means estate tax or estate planning won't really matter to me because I don't make that much or I don't have that much. Right? Tony Mauro: And that's definitely false because every state has their own rules. Everybody always fixates on that big federal one. In Iowa, the rules are very different here. And so you are going to need a state tax plan even if you have a net worth say of a million bucks or more, especially depending on who you're going to give it to. Marc: There you go. Tony Mauro: Definitely check with your advisor. Marc: Great point. All right folks, well hopefully the last couple of episodes we're talking about the One Big Beautiful Bill hopefully we helped you with some clarity. I know Tony sent some other things out with newsletters and different things as well. So as always, before you take any action with something you hear from our show or any other podcast or anything you see or read online, see how it relates to your specific situation with your qualified professional because every situation is going to be different. Obviously we're all affected by taxation, we're all affected by social security, we're all affected by healthcare, things of that nature. But how it rolls into and plays in your specific life and strategy is different from person to person. So make sure you're sitting down with someone like Tony who is a CPA, who's also a CFP and an EA of 30 plus years helping people get two and three retirements. So got all the credentials, got all the stuff there, so make sure you're reaching out to Tony and his team at Tax Doctor Inc. You can find them online at yourplanningpros.com, that's yourplanningpros.com and you can also subscribe to the podcast on Apple or Spotify or whatever app you like using so you can catch new episodes when they come out of plan with the tax man. Tony, thanks for breaking it down, my friend. Tony Mauro: Okay, we'll see you next time. Marc: I always appreciate you. I always learn something new and we'll see you a little bit later here on Plan With the Tax Man with Tony Mauro. Securities offered through Avantax Investment Services SM, member FINRA, SIPC. Investment advisory services offered through Avantax Advisory Services. Insurance services offered through an Avantax affiliated insurance agency. Investment strategies discussed in this episode may not be suitable for all investors. Please consult with a financial professional.
Welcome back for this week's episode of That Peter Crouch Podcast! We return from our summer break with a very special episode featuring reigning PDC World Champion Luke "The Nuke" Littler. At just 18 years old, Luke has taken the darts world by storm, rising from pub leagues to global stardom in record time.Pete, Chris, and Sids dive into Luke's rapid journey, from his first throws as a kid to competing — and winning — on the biggest stages.Luke talks candidly about dealing with sudden fame, staying grounded with his mates, meeting sporting heroes like Sir Alex Ferguson and Wayne Rooney, and the surreal moment he took the World Championship trophy to Old Trafford.Plus, we hear about his love for KP nuts, his driving theory test nerves, and the mindset tricks that keep him calm at the oche. Expect big laughs, surprising confessions, and a few dartboard challenges thrown in for good measure.We also catch up on the latest transfers, our first week of predictions, and issue a brief reminder to Pete that he has an outstanding IOU on a forfeit…Oh it's good to be back.Chumbawamba 00:00:00 – Back from summer break; lads catch up and talk about the new podcast format.00:04:16 – Sad news: Samira restaurant closes, with funny and nostalgic stories from visits.00:09:29 – Transfer gossip kicks off – Sunderland's announcement video, player knowledge, and awkward intros.00:12:05 – Jack Grealish to Everton rumours and how the system could suit him.00:14:33 – Crystal Palace discussion: key players, Conference League drama, and unfair rulings.00:17:12 – Will Hughes shout-out and Conference League chances.00:18:06 – Predictions segment starts with Arsenal v Man United and Tucker's 19 involvement.00:23:01 – Debate over managers coaching from opposite touchlines.00:26:21 – Tucker's 19 predictions revealed for upcoming fixtures.00:28:05 – Villa v Newcastle preview and more predictions.00:34:21 – Brighton v Fulham predictions before Luke Littler joins.00:35:54 – Luke Littler arrives – warm welcome and first dart throws with the lads.00:37:26 – Luke on going from pub darts to global fame and dealing with attention.00:41:24 – How Luke copes with media, stays grounded, and avoids showing frustration.00:43:00 – Meeting sporting heroes – Rooney, Ferguson, and surreal fan moments.00:46:05 – Luke's early days in darts, playing pub leagues from the age of 9.00:50:16 – Talking favourite legs, nine-darters, and the mental edge in competition.00:56:09 – Life on tour: food, travel, and the realities of the darts circuit.Check out Grass Gains: https://www.grassgains.co.uk/?srsltid=AfmBOopGnZTHnwjsjSubs2LKImqj5Zzrm2Dq5wUwqUQDbIZdF54tNgT2Follow our Clips page https://www.youtube.com/channel/UCLNBLB3xr3LyiyAkhZEtiAA For more Peter Crouch: Twitter - https://twitter.com/petercrouch Therapy Crouch - https://www.youtube.com/@thetherapycrouch For more Chris Stark Twitter - https://twitter.com/Chris_StarkInstagram - https://www.instagram.com/chrisstark/For more Steve Sidwell Twitter - https://twitter.com/sjsidwell Instagram - https://www.instagram.com/stevesidwell14 #PeterCrouch #ThatPeterCrouchPodcast Hosted on Acast. See acast.com/privacy for more information.
Ann Arbor voted to create a parallel, municipal electric utility that offers only distributed renewables, and Missy Stults is the woman making it real. We explore the nuts and bolts: buying existing solar for seed revenue, building microgrids in a city still served by DTE, and why DTE is — so far — more curious than threatened. If it works, the SEU could become the blueprint for every climate-ambitious town trapped in IOU territory. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.volts.wtf/subscribe
Web'in neden kırık olduğunu, tıklama tuzağı, yanlış bilgi ve trol ordularıyla dolu olduğunu hiç merak ettiniz mi? Sorun teşviklerde, çevrimiçi paranın teknik sınırlamalarında, kredi bazlı sistemlerin getirdiği yüksek ücretlerde ve kimlik zorunluluğunda yatıyor. Bugün web'de dikkatimiz bir para birimi gibi satılıyor ve bu durum derinliği, nüansı yok ediyor.Peki ya farklı bir yol olsaydı? Değer odaklı bir web vizyonu, bu sorunlara kökten bir çözüm sunuyor. Doğrudan dijital para (IOU'lar yerine nakit benzeri para) kullanarak teşvikleri düzeltebilir, mikro ödemeleri mümkün kılabiliriz. Bu, kimliği isteğe bağlı hale getirirken, kötü davranışlara gerçek bir maliyet ekler ve spam'i ekonomik olmaktan çıkarır.Bu yeni yaklaşım, değerin serbestçe akmasını sağlar. İçerik üreticileri doğrudan desteklenir, aracıların önemi azalır, sansür riskleri düşer. Merkezi platformlara bağımlılık yerine, eşler arası etkileşimler ve açık protokoller öne çıkar.Bitcoin'in (satoshis - sats) getirdiği olanaklar sayesinde, gerçek maliyetli eylemler ve isteğe bağlı kimlik bir arada var olabilir. Artık dikkatimizi "satmak" yerine, yarattığımız veya tükettiğimiz değere odaklanabiliriz.Değer odaklı web, dijital dünyada özgürlük, refah ve insanlığı artırmayı hedefler. Tıklama tuzağı ve gürültü yerine, kalite ve anlam odaklı bir internet hayal edin. Kazan-kazan durumu yaratan, herkese açık bir ekosistem. Bu, internet için İkinci Gün ve onu düzeltme zamanı.Kaynak
Today's guest, Bluefield Analyst Megan Bondar, joins host Reese Tisdale to unpack the growing role of investor-owned utilities (IOUs) in the U.S. water sector. From calculating market share to tracking M&A activity and geographic expansion, Megan brings fresh insights into how IOUs are positioning themselves in a fragmented market of 49,000 drinking water and 18,000 wastewater systems. Though IOUs currently serve only about 5% of the U.S. population, their influence is expanding—through acquisitions, capital investments, and shifting ownership strategies. This episode also explores how consolidation is playing out in different forms, including municipal-to-municipal deals and the rise of quasi-public entities. This episode answers key questions: Who are the IOUs in the U.S., and what's their footprint? How are IOUs reshaping the water market through M&A? What are the capital strategies behind IOU growth? What role is private equity playing in this sector? How are regional realignments and exits redefining competition? If you enjoy listening to The Future of Water Podcast, please tell a friend or colleague, and if you haven't already, please click to follow this podcast wherever you listen. If you'd like to be informed of water market news, trends, perspectives and analysis from Bluefield Research, subscribe to Waterline, our weekly newsletter published each Wednesday. Related Research & Analysis: Investor-Owned Utilities in Water: Market Share, Trends, and Company Rankings Nexus's Utility Sell-Off Goes to American Water Unitil Carves Out Water Presence via Aquarion Platform
Founder of the Raising Capitalists Foundation and previous co-host of The Real Estate Guys Radio show, Russell Gray, joins Keith to discuss the historical and current devaluation of the U.S. dollar, its impact on investors, and the broader economic implications. Gray highlights how the significant increase in interest rates has trapped equity in properties and affected development. He explains the shift from gold-backed currency to paper money, the role of the Federal Reserve, and the impact of the Bretton Woods Agreement. Gray emphasizes the importance of understanding macroeconomic trends and advocates for Main Street capitalism to decentralize power and promote productivity. He also criticizes the idea of housing as a human right, arguing it leads to inflation and shortages. Resources: Connect with Russell Gray to learn more about his "Raising Capitalists" project and his plans for a new show. Follow up with Russell Gray to get a copy of the Beardsley Rummel speech transcript from 1946. follow@russellgray.com Show Notes: GetRichEducation.com/558 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”. For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold, what's the real backstory on why we have this thing called the dollar? Why it keeps getting debased? What you can do about it and when the dollar will die? It's a lesson in monetary history. And our distinguished guest is a familiar voice that you haven't heard in a while. Today on get rich education. Mid south home buyers, I mean, they're total pros, with over two decades as the nation's highest rated turnkey provider, their empathetic property managers use your ROI as their North Star. So it's no wonder that smart investors just keep lining up to get their completely renovated income properties like it's the newest iPhone. They're headquartered in Memphis and have globally attractive cash flows and A plus rating with a better business bureau and now over 5000 houses renovated. There's zero markup on maintenance. Let that sink in, and they average a 98.9% occupancy rate, while their average renter stays more than three and a half years. Every home they offer has brand new components, a bumper to bumper, one year warranty, new 30 year roofs. And wait for it, a high quality renter. Remember that part and in an astounding price range, 100 to 180k I've personally toured their office and their properties in person in Memphis, get to know Mid South. Enjoy cash flow from day one. Start yourself right now at mid southhomebuyers.com that's mid south homebuyers.com Russell Gray 1:54 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 2:10 Welcome to GRE from St John's Newfoundland to St Augustine, Florida and across 188 nations worldwide. I'm Keith weinholden. You are inside get rich education. It's 2025. The real estate market is changing. We'll get into that in future. Weeks today. Over the past 100 years plus, we've gone from sound money to Monopoly money, and we're talking about America's currency collapse. What comes next and how it affects you as both an investor and a citizen. I'd like to welcome in longtime friend of the show and someone that I've personally learned from over the years, because he's a brilliant teacher, real estate investors probably haven't heard his voice as much lately, because until last year, he had been the co host of the terrific real estate guys radio show for nearly 20 years. Before we're done today, you'll learn more about what he's doing now, as he runs the Main Street capitalist platform and is also founder of the raising capitalists foundation. Hey, it's been a few years. Welcome back to GRE Russell Gray. Russell Gray 3:19 yeah, it's fun. I actually think it's been maybe 10 years when I think about it, I remember I was at a little resort in Mexico recording with you, I think in the gym. It was just audio back then, no video. Keith Weinhold 3:24 Yeah, I remember we're trying to get the audio right. Then I think you've been here more recently than 10 years ago. But yeah, now there's this video component. I actually have to sit up straight and comb my hair. It's ridiculous. Well, Russ, you're also a buff of monetary history. And before we discuss that, talk about the state of the real estate market today, just briefly, from your vantage point. Russell Gray 1 3:55 I think the big story, and I'm probably not telling anybody anything they don't know, but the interest rate hike cycle that we went through this last round was quite a bit more substantial, I think, than a lot of people really appreciated, you know. And I started talking about that many years ago, because when you hit the zero bound and you have 6,7,8, years of interest rates below half a point, the change when they started that interest rate cycle from point two, 525 basis points all the way up to five and a quarter? That's a 20x move. And people might say, well, oh, you know, I go back to what Paul Volcker did way back in the day, when he took interest rates from eight or nine to 18. That was only a little bit more than double. Double is a far cry from 20x so we've never seen anything like that. Part of the fallout of that, as you know, is a lot of people wisely, and I was on the front end of cheerleading This is go get those loans refinanced and lock in that cheap money for as long as possible, because a loan will actually become an asset. The problem is, when you do that, you're kind of married to that property. Now it's not quite as bad. As being upside down in a property and you can't get out of it, but it's really hard to walk away from a two or 3% loan in a Six 7% market, because you really can't take your same payment and end up getting more house. And so that equity is kind of a little bit trapped, and that creates some opportunities, but I think that's been the big story, and then kind of the byproduct of the story. Second tier of the story was the impact it had on development, because it made it a lot harder for developers to develop, because their cost of funds and everything in that supply chain, food chain, you marry that to the 2020, COVID Supply Chain lockdown and that disruption, which, you know, you don't shut an economy down and just flick a switch and have it come back on. And so there's all of that. And then the third thing is just this tremendous uncertainty everybody has, because we just went from one extreme to another. And I think people, you know, they don't want to, like, rock the boat, they're going to kind of stay status quo for a little bit, whether they're businesses, whether they're homeowners, whether they're anybody out there that's thinking about moving them, unless life forces you to do it, you're going to try to stay status quo until things calm down. And I don't know how close we are to things calming down. Keith Weinhold 6:13 One word I use is normalized. Both the 30 year fixed rate mortgage and the Fed funds rate are pretty close to their long term historic average. It just doesn't feel that way, because it was that rate of increase in 2022 that caught a lot of people off guard, like you touched on Well, Russ, now that we've talked about the present day, let's go back in time, and then we'll slowly bring things up to the present day. The dollar is troubled. It's worth perhaps 3% of what it was 100 years ago, but it's still around since it was established in the Coinage Act of 1792 and it's still the world reserve currency. In fact, only three currencies have survived longer than the dollar, the British pound, the Japanese yen and the Swiss franc. So talk to us about this really relentless debasement of the dollar over time, including the creation of the Fed and the Bretton Woods Agreement and all that. Russell Gray 7:09 That's a big story, as you know, and I always like to try to break it down a little bit. One of my specialties I'd like to believe, is I speak macro and I speak Main Street. And so when I try to break macroeconomics down, I start out with, why do I even care? I mean, if I'm a main street investor, why do I even care? In 2008 as you know, is a wipeout for me. Why? Because I didn't think anything had happened in the macro I didn't think Wall Street bond market. I didn't think that affected me. One thing I really cared about was interest rates. And I had a cursory interest in the bond market. We just try to figure out where interest rates were going. But for the most part, I thought, as a main street real estate investor, I was 100% insulated. I couldn't have been more wrong, because it really does matter, because the value of the dollar, in other words, the purchasing power of the dollar, and usually you refer to that as inflation, right? If inflation is there, the dollar is losing its purchasing power, and so the higher the inflation rate, the faster you're losing that purchasing power. And you might say, well, maybe that matters to me. Maybe it does. But the people who make the money available to the mortgage community, right to the real estate community to borrow that comes out of the bond market. And so when people go to buy a bond, which is an IOU, they're going to get paid back in the currency that they lent in, in this case, dollars. And if they know, if they're making a long term investment in a long term bond, and they're going to get paid back in dollars, they're going to be worth a whole lot less when they get them back. One of the things they're going to want is compensation for that time risk, and that's called higher interest rates. Okay, so now, if you're a main street investor, and higher interest rates impact you, now you understand why you want to pay attention. Okay, so let's just start with that. And so once you understand that the currency is a derivative of money, and money used to be you mentioned the Coinage Act Keith money, which is gold, used to be synonymous with the dollar. The dollar was only a unit of measure of gold, 1/20 of an ounce. It was a unit of measure. So it's like, the way I teach people is, like, if you had a gallon of milk and you traded, I'm a farmer, and I had a lot of milk, and so everybody decided they were going to use gallons of milk as their currency. Hey, where there's a lot of gallons of milk. He's got a big refrigerator. We'll just trade gallons of milk. Hey, Keith, I really like your beef. I you know, will you sell me some, a side of beef, and I'll give you, you know, 100 gallons of milk, you know, like, Oh, that's great. Well, I can't drink all this milk, so I'm going to leave the milk on deposit at the dairy, and then later on, when I decide I want a suit of clothes, I'll say, well, that's 10 gallons of milk. So I'll give the guy 10 gallons of milk. So I just give him a coupon, a claim, a piece of paper for that gallon of milk, or 20 gallons of milk, and he can go to the dairy and pick it up, right? And so that's kind of the way the monetary system evolved, except it wasn't milk, it was gold. So now you got the dollar. Well, after a while, nobody's going to get the milk. They don't care about the milk. And so now. Now, instead of just saying, I'll give you a gallon of milk, you just say, well, I'll give you a gallon. And somebody says, Okay, that's great. I'll take a gallon. They never opened the jug up. They never realized the jug is empty. They're just trading these empty jugs that used to have milk in them. Well, that's what the paper dollar is today. It went from being a gold certificate payable to bearer on demand, a certain amount of gold, a $20 gold certificate, what looks exactly like a $20 FEDERAL RESERVE NOTE. Today they look exactly the same, except one says FEDERAL RESERVE NOTE, which is an IOU backed by nothing, and the other one said gold certificate, which was payable to bearer on demand, real money. So my point is, is he got money which is a derivative of the productivity, the beef, the soot, the milk, whatever, right? That's the real capital. The real capital is the goods and services we all want. Money is where we store the value of whatever it is we created until we want to trade it for something somebody else created later. And it used to be money and currency were one in the same, but now we've separated that. So now all we do is trade empty gallons, which are empty pieces of paper, and that's currency. So those are derivatives, and the last derivative of that chain is credit. And you had Richard Duncan on your show more than once, and he is famous for kind of having this term. We don't normally have capitalism. We have creditism, right? Everything is credit. Everything is claims on wealth, but it's not real wealth, and it's just when we look at what's going on with our current administration and the drive to become a productive rather than a financialized society, again, as part of this uncertainty that everybody has. Because this is not just a subtle little adjustment on the same course. This is like, No, we're we're going down a completely different path. But fundamentally, your system operates on this currency that is flowing through it, like the blood flowing through your body. And if the blood is bad, your body's sick. And right now, our currency is bad, and so it creates problems, not just for us, but all around the world. And now we're exacerbating that. And I'm not saying it's bad. In fact, I think it's actually it's actually good, but change is what it is, right? I mean, it can be really good to go to the gym and work out before we started recording, you talked about your commitment to fitness, and that if you stop working out, you get unfit, and it's hard to start up again. Well, we've allowed our economy to get very unfit. Now we're trying to get fit again, and it's going to be painful. We're going to be sore, but if we stick with it, I think we can actually kind of save this thing. So I don't know what that's going to mean for the dollar ultimately, or if we end up going to something else, but right now, to your point, the dollar is definitely the big dog still, but I think it's probably even more under attack today than it's ever been, and so it's just something I think every Main Street investor needs to pay attention to. Keith Weinhold 12:46 And it was really that 1913 creation of the Fed, where the Fed's mandates really didn't begin to take effect until 1914 that accelerated this slide in the dollar. Prior to that, it was really just periods of war, like, for example, the Civil War, where we had inflation rise, but then after wars abated, the dollar's strength returned, but that ceased to happen last century. Russell Gray 13:11 I think there's a much bigger story there. So when we founded the country, we established legal money in the Coinage Act of 1792 we got gold and silver and a specific unit of measure of gold, a specific unit, measure of silver was $1 and that's what money was constitutionally. Alexander Hamilton advocated for the first central bank and got it, but it was issued by Charter, which meant that it was operated by the permission of the Congress. It wasn't institutionalized. It wasn't embedded in the Constitution. It was just something that was granted, like a license. You have a charter to be able to run a bank. When that initial charter came up for renewal, Congress goes, now we're not going to renew it. Well, of course, that made the bankers really upset, because bankers have a pretty good gig, right? They get to just loan people money. They don't have to do any real work, and then they make money on just kind of arbitraging, you know, other people's money. Savers put their money in, and they borrowed the money out, and then they with fractional reserve, they're able to magnify that. So it's, it's kind of a cool gig. And so what happened? Then he had the first central bank, so then they got the second central bank, and the second central bank was also issued by charter this time when it came up for renewal, Congress goes, Yeah, let's renew it, right? Because the bankers knew we got to go buy a few congressmen if we want to keep this thing going. But President Andrew Jackson said, No, not going to happen. And it was a big battle. Is a famous quote of him just calling these bankers a brood of vipers. And I'm going to put you down. And God help me, I will, right? I mean, it was like intense fact, I do believe he got shot at one point. I think he died from lead poisoning, because he never got the bullet out. So, you know, when you go to up against the bankers, it's not pretty, but he succeeded. He was the last president that paid off all the debt, balanced budget, paid off all the debt, and we got kind of back on sound money. Well, then a little while later, said, Okay, we're going to need, like, something major, and this would. I should put on. I got my, this is my hat, right now, I'll kind of put it on. This is my, my tin foil hat. Okay? And so I put this on when I kind of go down the rabbit trail a little bit. No, I'm not saying this is what happened, but it wouldn't surprise me, right? Because I know that war is profitable, and so sometimes, you know, your comment was, hey, there's the bank, and then there was, you know, the war, or there's the war, then there's a bank, which comes first the chicken or the egg. I think there's an article where Henry Ford and Thomas Edison went to Congress. I think it was December. The article was published New York Tribune, December 4. I think 1921 you can look it up, New York Tribune, front page article Keith Weinhold 15:38 fo those of you in the audio only. Russ started donning a tin foil looking hat here about one minute ago. Russell Gray 15:45 I did, yeah, so I put it on. Just so fair warning. You know, I may go a little conspiratorial, but the reason I do that is I just, I think we've seen enough, just in current, modern history and politics, in the age of AI and software and freedom of speech and new media, there's a lot of weird stuff going on out there, but a lot of stuff that we thought was really weird a little while ago has turned out to be more true than we thought. When you look back in history, and you kind of read the official narrative and you wonder, you kind of read between the lines. You go, oh, maybe some stuff went on here. So anyway, the allegation that Ford made, smart guy, Thomas Edison, smart guy. And they go to Congress, and they go, Hey, we need to get the gold out of the banker's hands, because gold is money, and we need money not to revolve around gold, because the bankers control gold. They control the money, and they make profits, his words, not mine, by starting wars, because he was very upset about World War One, which happened. We got involved right after Fed gets formed in 1913 World War One starts in 1914 the United States sits off in the background and sells everybody, everything. It collects a bunch of gold, and then enters at the end and ends it all. And that big influx created the roaring 20s, as we all know, which ended big boom to big bust. And that cycle, which then a crisis that created, potentially a argument for why the government should have more control, right? So you kind of go down this path. So we ended up in 1865 with President Lincoln suppressing states rights and eventually creating an unconstitutional income tax and then creating an unconstitutional currency. That's what Abraham Lincoln did. And then on the back end of that, you know, it didn't end well for him, and I don't know why, but all I know is that we had a financial crisis in 1907 and the solution to that was the Aldrich plan, which was basically a monopoly on money. It's called a money trust. And Charles Lindbergh, SR was railing against it, as were many people at the time, going, No, this is terrible. So they renamed the Aldrich plan the Federal Reserve Act. And instead of going for a bank charter, they went for a constitutional amendment, and they got it in the 16th Amendment, and that's where we got the IRS. That's where we got the income tax, which was only supposed to be 7% only affect like the top one or 2% of earners, right? And that's where we got, you know, the Federal Reserve. That's where all that was born. Since that happened, to your point, the dollar has been on with a slight little rise up in the 20s, which, you know, there's a whole thing about whether that caused the crash or not. But at the end of the day, if you go look at St Louis Fed, which you go look at all the time, and you just look at the long term trend of the dollar, it's terrible. And the barometer, that's gold, right? $20 of gold in 1913 and 1933 and then 42 in 1971 or two, whatever it was, three, and then eventually as high as 850 but at the turn of the century, this century, it was $250 so at $2,500 it would have lost 90% in the 21st Century. The dollars lost 90% in the 21st Century, just to 2500 that's profound to go. That's right, it already lost more than 90% from $20 to 250 so it lost 90% and then 90% of the 10% that was left. And that's where we're at. We're worse than that. Today, no currency, as far as I understand, I've been told this. Haven't done the homework, but it's my understanding, no currency in the history of the world has ever survived that kind of debasement. So I think a lot of people who are watching are like, okay, it's not a matter of if, it's a matter of when. And then the big question is, is when that when comes? What does the transition look like? What rises in its place? And then you look at things like a central bank digital currency, which is not like Bitcoin, it's not a crypto, it's a centrally controlled currency run by the central bank. If we get that, I would argue that's not good for privacy and security. Could be Bitcoin would be better. I would argue, could go back to gold backing, which I would say is better than what we have, or we could get something nobody's even thought of. I don't know. We don't know, but I do think we're at the end of the life cycle. Historically, all things being equal. And I think all the indication with a big run up of gold, gold is screaming something's broken. It's just screaming it right now, not just because the price is up, but who's buying it. It's just central banks. Keith Weinhold 20:12 Central banks are doing most of the buying, right? It's not individual investors going to a coin shop. So that's really screaming, telling you that people are concerned. People are losing their faith in giving loans to the United States for sure. And Russ, as we talk about gold, and it's important link to the dollar over time, you mentioned how they wanted it, to get it out of the bank's hands for a while. Of course, there was also a period of time where it was illegal for Americans to own gold. And then we had this Bretton Woods Agreement, which was really important as well, where we ended up violating promises that had to do with gold again. So can you speak to us some more about that? Because a lot of people just don't understand what happened at Bretton Woods. Russell Gray 20:56 What happened is we had the big crash in 1929 and the net result of that was, in 1933 we got executive order 6102 In fact, I have a picture of it framed, and that was in the wake of that in 1933 and so what Franklin Delano Roosevelt did in signing that document, which was empowered by a previous act of Congress, basically let him confiscate all The money. It'd be like right now if, right now, you know, President Trump signed an executive order and said, You have to take all your cash, every all the cash that you have out of your wallet. You have to send it all, take it into the bank, and they're going to give you a Chuck E Cheese token, right? And if you don't do it, if you do it, it's a $500,000 fine in 10 years in prison. Right? Back then it was a $10,000 fine, which was twice the price of the average Home huge fine, plus jail time. That's how severe it was, okay? So they confiscated all the money. That happened in 33 okay? Now we go off to war, and we enter the war late again. And so we have the big manufacturing operation. We're selling munitions and all kinds of supplies to everybody, all over the world, right? And we're just raking the gold and 20,000 tons of gold. We got all the gold. We got the biggest army now, we got the biggest bomb, we got the biggest economy. We got the strongest balance sheet. Well, I mean, you know, we went into debt for the war, but, I mean, we had a lot of gold. So now everybody else is decimated. We're the big dog. Everybody knows we're the big dog. Nine states shows up in New Hampshire Bretton Woods, and they have this big meeting with the world, and they say, Hey guys, new sheriff in town. Britain used to be the world's reserve currency, but today we're going to be the world's reserve currency. And so this was the new setup. But it's okay. It's okay because our dollar is as good as gold. It's backed by gold, and so anytime you want foreign nations, you can just bring your dollars to us and we'll give you the gold, no problem. And everyone's like, okay, great. What are you going to say? Right? You got the big bomb, you got the big army. Everybody needs you for everything to live like you're not going to say no. So they said, Yes, of course, the United States immediately. I've got a speech that a guy named Beardsley Rummel did. Have you ever heard me talk about this before? Keith, No, I've never heard about this. So Beardsley Rummel was the New York Fed chair when all this was happening. And so he gave a speech to the American Bar Association in 1945 and I got a transcript of it, a PDF transcript of it from 1946 and basically he goes, Look, income taxes are obsolete. We don't need income tax anymore because we can print money, because we're off the gold standard and we have no accountability. We just admitted it, just totally admitted it, and said the only reason we have income tax is to manipulate behavior, is to redistribute wealth, is to force people to do what we want them to do, punish things and reward others, right? Just set it plain language. I have a transcript of the speech. You can get a copy of you send an email to Rummel R U, M, L@mainstreetcapitalist.com I'll get it to you. So it's really, really interesting. So he admitted it. So we went along in the 40s and the 50s, and, you know, we had the only big manufacturing you know, because everybody else is still recovering from the war. Everything been bombed to smithereens, and we're spending money and doing all kinds of stuff. And having the 50s, it was great, right, right up until the mid 60s. So the mid 60s, it's like, Okay, we got a problem. And Charles de Gaulle, who was the president of France at the time, went to a meeting. And there's a YouTube video, but you can see it, he basically told the world, hey, I don't think the United States is doing a good job managing this world's reserve currency. I don't think they've got the gold. I think they printed too much money. I think that we should start to go redeem our dollars and get the gold. That was pretty forward thinking. And he created a run on the bank. And at the same time, we passed the Coinage Act in 1965 and took all the silver out of the people's money. So we took the gold in 33 and then we took the silver in 65 right? Because we got Vietnam and the Great Society, welfare, all these things were going on in the 60s. We're just going broke. Meanwhile, our gold supply went from 20,000 tons down to eight and Richard. Nixon is like, whoa, time out. Like, this is bad. And so we had inflation in 1970 August 15, 1971 year before August 15, 1971 1970 Nixon writes an executive order and freezes all prices and all wages. It became illegal by presidential edict for a private business to give their employee a raise or to raise their prices to the customers. Keith Weinhold 25:30 It's almost if that could happen price in theUnited States of America, right? Russell Gray 25:36 And inflation was 4.4% and it was a national emergency like today. I mean, you know, a few years ago, like three or four years ago, we if we could get it down 4.4% it'd be Holly. I'd be like a celebration. That was bad. And so that's what happened. So a year later, that didn't work. It was a 90 day thing. It was a disaster. And so in a year later, August 15, 1971 Nixon came on live TV after Gunsmoke. I think it was, and I was old enough I'm watching TV on a Sunday night I watched it. Wow. So I live, that's how old I am. So it's a lot of this history, not the Bretton Woods stuff, but from like 1960 2,3,4, forward. I remember I was there. Keith Weinhold 26:13 Yeah, that you remember the whole Nixon address on television. We should say it for the listener that doesn't know. Basically the announcement Nixon made, he said, was a temporary measure, is that foreign nations can no longer redeem their dollars for gold. He broke the promise that was made at Bretton Woods in about 1945 Russell Gray 26:32 Yeah. And then gold went from $42 up to 850 and a whole series of events that have led to where we're at today were put in place to cover up the fact that the dollar was failing. We had climate emergency. We were headed towards the next global Ice Age. We had an existential threat in two different diseases that hit one right after the other. First one was the h1 n1 flu, swine flu, and then the next thing was AIDS. And so we had existential pandemic, two of them. We also had a oil shortage crisis. We were going to run out of fossil fuel by the year 2000 we had to do all kinds of very public, visible, visceral things that we would all see. You could only buy gas odd even days, like, if your license plate ended in an odd number, you could go on these days, and if it ended on an even number, you could go on the other days. And so we had that. We lowered our national speed limit down to 55 miles an hour. We created the EPA and all these different agencies under Jimmy Carter to try to regulate and manage all of this crisis. Prior to that, Nixon sent Kissinger over to China, and we opened up trade relations. And we'd been in Vietnam to protect the world from communism because it was so horrible. And then in the wake of that, we go over to Communist China, Chairman Mao and open up trade relations. Why we needed access to their cheap labor to suck up all the inflation. And we went over to the Saudis, and we cut the petro dollar deal. Why? Because we needed the float. We needed some place for all these excess dollars that we had created to get sucked up. And so they got sucked up in trading the largest commodity in the world, energy. And the deal was, hey, Saudis, here's the deal. You like your kingdom? Well, we got the big bomb. We got the big army. You're going to rule the roost in the in the Middle East, and we'll protect you. All you got to do is make sure you sell all your oil in dollars and dollars only. And they're like, Well, what if we're selling oil to China, or what if we're selling oil to Japan? Can they pay in yen? Nope, they got to sell yen. Buy dollars. Well, what do we do with all these dollars? Buy our treasuries. Okay, so what if I got this? Yeah, and so that was the petrodollar system. And the world looked at everything went on, and the world is like, Hmm, the United States coming back to Europe, and Charles de Gaulle, they're like, the United States is not handling this whole dollar thing real well. We need an alternative. What if all of us independent nations in Europe got together and created a common currency? We don't want to be like one country, like the United States, but we want to be like an economic union. So let's create a current let's call it the euro. And they started that process in the 70s, but they didn't get it done till 99 and so they get it done in 99 as soon as they get it done, this guy named Saddam Hussein goes, Hey, I'm now the big dog here. I got the fourth largest army in the world. I'm here in, you know, big oil producing nation. Let's trade in the euro. Let's get off the dollar. Let's do oil in the euro. And he's gone. I'm not sure I should put my hat back on. I'm not sure, but somehow we went into Afghanistan and took a hard left and took this guy out. Keith Weinhold 29:44 Some credence to this. Yes, yeah, so. But with that said, Russell Gray 29:47 you know, we ended up with the Euro taking about 20% of the global trade market from the United States, which is about where it sits today. And the United States used to be up over 80% and now we're down below 60% still. The Big Dog by triple and the euro is not in a position to supplant the US, but I think China, whose claim to fame is looking at other people's technology and models and copying it, looked at what the United States did to become the dominant economic force, and I think they've systematically been copying it. I wrote a report on this way back in 2013 when I started really paying attention to it and began to chronicle all the things that they were doing, this big D dollarization movement that I think still has legs. It's the BRICS movement. It's all the central banks buying gold. It's the bilateral trade agreements where people are doing business outside the dollar. There's been not just that, but also putting together the infrastructure, right? The Asian Infrastructure Bank is an alternative to the IMF looking, if you have you read Confessions of an economic hitman. No. Okay, so this is a guy that used to work in the government, I think, CIA or something, and he would go down and he'd cut deals with leaders of countries to get them to borrow from the United States to put in key infrastructure so they could trade with the US. And then, of course, if they defaulted, then the US owned that in the infrastructure. You can look it up. His name is Perkins, right. Look it up confessions of economic hit now, but you see China doing the same thing. China's got their Belt and Road Initiative. And you go through, and if you want to trade with China on that route, you have traded, you're gonna have to have infrastructure. You can eat ports. You're gonna need terminals for distribution. But you, Oh, you don't have the money. We'll loan it to you, and we'll loan it to you and you want. Now we're creating demand for you want, and we also are enslaving borrower servant to the lender. We're beginning to enslave these other nations under the guise of helping them by financing their growth so they can do business with us. It's the same thing the United States did and Shanghai Gold Exchange, as opposed to the London Bullion exchange. So all of the key pieces of infrastructure that were put in place to facilitate Western hegemony in the financial markets the Chinese have been systematically putting in place with bricks, and so there's a reason we're in this big trade war right now. We recognize that they had started to get in a position where they were actually a real threat, and we got to cut their legs out from underneath them before they get any stronger. Again, I should put my hat back on. Nobody's calling me up and telling me, I'm just reading between the lines. Sure, Keith Weinhold 32:23 there certainly are more competitors to the dollar now. And can you imagine what rate of inflation that we would have had if we had not outsourced our labor and productivity over to a low wage place like China in the east? Russ and I have been talking about the long term debasement of the dollar and why. More on that when we come back, including what Russ is up to today. You're listening to get rich education. Our guest is Russell Gray. I'm your host, Keith Weinhold, the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Chaley Ridge personally while it's on your mind, start at Ridge lendinggroup.com that's Ridge lendinggroup.com. You know what's crazy? Your bank is getting rich off of you. 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Get rich education with Keith Weinhold, don't quit your Daydream. Keith Weinhold 34:52 Welcome back to get rich education. We're talking with the main street capitalists Russell gray about this long term debasement of the dollar. It's an. Inevitable. It's one of the things we actually can forecast with pretty good predictability that the dollar will continue to debase. It's one of the few almost guarantees that we have in investing. So we can think about how we want to play that Russ one thing I wonder about is, did we have to completely de peg the dollar from gold? Couldn't we have just diluted it where we could instead say, Well, hey, now, instead of just completely depegging the dollar from gold, we could say, well, now it takes 10 times as many dollars as it used to to redeem it for an ounce of gold. Did it make it more powerful that we just completely de pegged it 100% Russell Gray 35:36 it would disempower the monopoly. Right? In other words, I think that the thing from the very beginning, was scripted to disconnect from the accountability of gold, which is what sound money advocates want. They want some form of independent Accountability. Gold is like an audit to a financial system. If you're the bankers and you're running the program, the last thing in the world you want is a gold standard, because it limits your ability to print money out of thin air and profit from that. So I don't think the people who are behind all of this are, in no way, shape or form, interested in doing anything that's going to limit their power or hold them accountable. They want just the opposite. I think if they could wave a magic wand and pick their solution to the problem, it would be central bank digital currency, which would give them ultimate control. Yeah. And it wouldn't surprise me if we maybe, perhaps, were on a path where some crises were going to converge, whether it's opportunistic, meaning that the crisis happened on its own, and quote Rahm Emanuel and whoever he was quoting, you know, never let a good crisis go to waste, and you're just opportunistic, or, you know, put the conspiracy theory hat on, and maybe these crises get created in order to facilitate the power grab. I don't know. It really doesn't matter what the motives are or how it happens at the end of the day, it's what happens. It happened in 33 it happened in 60. In 71 it's what happens. And so it's been a systematic de pegging of any form of accountability. I mean, we used to have a budget ceiling. We used to talk about now it's just like, it's routine. You blow right through it, right, right. There's you balance. I mean, when's the last time you even had a budget? Less, less, you know, much less anything that looked like a valid balanced budget amendment. So I think there's just no accountability other than the voting booth. And, you know, I think maybe you could make the argument that whether you like Trump or not, the public's apparent embrace of him, show you that the main street and have a lot of faith in Main Street. I think Main Street is like, you know what? This is broken. I don't know what's how to fix it, but somebody just needs to go in and just tear this thing down and figure out a new plant. Because I think if you anybody paying attention, knows that this perpetual debasement, which is kind of the theme of the show is it creates haves and have nots. Guys like you who understand how to use real estate to short the dollar, especially when you marry it to gold, which is one of my favorite strategies to double short the dollar, can really magnify the power of inflation to pull more wealth onto your balance sheet. Problem is the people who aren't on that side of the coin are on the other side of the coin, and so the poor get poorer and the rich get richer. Well, the first order of business in a system we can't control is help as many people be on the rich get richer. That's why we had the get rich show, right? Let's help other people get rich. Because if I'm the only rich guy in the room, all the guns are pointed at me, right? I wanted everybody as rich as possible. I think Trump and Kiyosaki wrote about that in their book. Why we want you to be rich, right? When everybody's prospering, it's it's better, it's safer, you have people to trade with and whatnot, but we have eviscerated the middle class because industry has had to go access cheap labor markets in order to compensate for this inflation. And you know, you talk about the Fed mandate, which is 2% inflation, price inflation, 2% so if you say something that costs $1 today, a year from now, is going to cost $1 too, you think, well, maybe that's not that bad. But here's the problem, the natural progression of Business and Technology is to lower the cost, right? So you have something cost $1 today, and because somebody's using AI and internet and automation and robots and all this technology, right? And the cost, they could really sell it for 80 cents. And so the Fed looks at and goes, Let's inflate to $1.02 that's not two cents of inflation. That's 22 cents of inflation. And so there's hidden inflation. The benefits of the gains in productivity don't show up in the CPI, but it's like deferred maintenance on an apartment building. You can make your cash flow look great if you're not setting anything aside for the inevitable day when that roof is going to go out and that parking lot is going to need to be repaved, right? And you don't know how far out you are until you get there and you're like, wow, I'm really short, and I think that we have been experiencing for decades. The theft of the benefit of our productivity gains, and we're not just a little bit out of position. We're way out of position. That's Keith Weinhold 40:07 a great point. Like I had said earlier, imagine what the rate of inflation would be if we hadn't outsourced so much of our labor and productivity to low cost China. And then imagine what the rate of inflation would be as well, if you would factor in all of this increased productivity and efficiency, the natural tendencies of which are to make prices go lower as society gets more productive, but instead they've gone higher. So when you adjust for some of these factors, you just can't imagine what the true debased purchasing power of the dollar is. It's been happening for a long time. It's inevitable that it's going to continue to happen in the future. So this has been a great chat about the history and us understanding what the powers that be have done to debase our dollar. It's only at what rate we don't know. Russ, tell us more about what you're doing today. You're really out there more as a champion for Main Street in capitalism. Russell Gray 41:04 I mean, 20 years with Robert and the real estate guys, and it was fantastic. I loved it. I went through a lot, obviously, in 2008 and that changed me a little bit. Took me from kind of being a blocking and tackling, here's how you do real estate, and to really understanding macro and going, you know, it doesn't matter. You can do like I did, and you build this big collection. Big collection of properties and you lose it all in a moment because you don't understand macro. So I said, Okay, I want to champion that cause. And so we did that. And then we saw in the 2012 JOBS Act, the opportunity for capital raisers to go mainstream and advertise for credit investors. And I wrote a report then called the new law breaks Wall Street monopoly. And I felt like that was going to be a huge opportunity, and we pioneered that. But then after my late wife died, and I had a chance to spend some time alone during COVID, and I thought, life is short. What do I really want to accomplish before I go? And then I began looking at what was going on in the world. I see now a couple of things that are both opportunities and challenges or causes to be championed. And one is the mega trend that I believe the world is going you know, some people call it a fourth turning whatever. I don't consider that kind of we have to fall off a cliff as Destiny type of thing to be like cast in stone. But what I do see is that people are sick and tired of monopolies. We're sick and tired of big tech, we're sick and tired of big media, we're sick and tired of big government. We're sick and tired of big corporations, we don't want it, and big banks, right? So you got the rise of Bitcoin, you got people trying to get out from underneath the Western hegemony, as we've been talking about decentralization of everything. Our country was founded on the concept of decentralization, and so people don't understand that, right? It used to be everything was centralized. All powers in the king. Real Estate meant royal property. That's what real estate it's not like real asset, like tangible it's royal estate. It's royal property. Everything belonged to the king, and you just got to work it like a serf. And then you got to keep 75% in your produce, and you sent 25% you sent 25% through all the landlords, the land barons, and all the people in the hierarchy that fed on running things for the king, but you didn't own anything. Our founder set that on, turn that upside down, and said, No, no, no, no, no, it's not the king that's sovereign. It's the individual. The individual is sovereign. It isn't the monarchy, it's the individual states. And so we're going to bring the government, small. The central government small has only got a couple of obligations, like protect the borders, facilitate interstate commerce, and let's just have one common currency so that we can do business together. Other than that, like, the state's just going to run the show. Of course, Lincoln kind of blew that up, and it's gotten a lot worse after FDR, so I feel like we're under this big decentralization movement, and I think Main Street capitalism is the manifestation of that. If you want to decentralize capitalism, the gig economy, if you want to be a guy like you, and you can run your whole business off your laptop with a microphone and a camera, you know, in today's day and age with technology, people have tasted the freedom of decentralization. So I think the rise of the entrepreneur, I think the ability to go build a real asset portfolio and get out of the casinos of Wall Street. I think right now, if we are successful in bringing back these huge amounts of investment, Trump's already announced like two and a half or $3 trillion of investment, people are complaining, oh, the world is selling us. Well, they're selling stocks and they're selling but they're putting the money actually into creating businesses here in the United States that's going to create that primary driver, as you well know, in real estate, that's going to create the secondary and tertiary businesses, and the properties they're going to use all kinds of Main Street opportunity are going to grow around that. I lived in Silicon Valley, when a company would get funded, it wasn't just a company that prospered, it was everything around that company, right? All these companies. I remember when Apple started. I remember when Hewlett Packard, it was big, but it got a lot bigger, right there. I watched all that happen in Silicon Valley. I think that's going to happen again. I think we're at the front end of that. And so that's super exciting. Wave. The second thing that is super important is this raising capitalist project. And the reason I'm doing it is because if we don't train our next generation in the principles of capitalism and the freedom that it how it decentralizes Their personal economy, and they get excited about Bitcoin, but that's not productive. I'm not putting it down. I'm just saying it's not productive. You have to be productive. You want to have a decentralized currency. Yes, you want to decentralize productivity. That's Main Street capitalism. If kids who never get a chance to be in the productive economy get to vote at 1819, 2021, 22 before they've ever earned a paycheck, before they have any idea, never run a business. Somebody tells them, hey, those guys that have all that money and property, they cheated. It's not fair. We need to take from them. We need to limit them, not thinking, Oh, well, if I do that, when I get to be there, that what I'm voting for is going to get on me. Right now, Keith, there are kids in ninth grade who are going to vote for your next president, right? Keith Weinhold 45:56 And they think capitalism is evil. This is part of what you're doing with the raising capitalists project, helping younger people think differently. Russ, I have one last thing to ask you. This has to do with the capitalism that you're championing on your platforms now. And real estate, I continue to see sometimes I get comments on my YouTube channel, especially maybe it's more and more people increasingly saying, Hey, I think housing should be a human right. So talk to us about that. And maybe it's interesting, Russ, if I take the other side of it and play devil's advocate, people who think housing is a human right, they say something like, the idea is that housing, you know, it's a fundamental need, just like food and clean water and health care are without stable housing. It's incredibly hard for a person to access opportunities like work and education or health care or participate meaningfully in society at all. So government ought to provide housing for everybody. What are your thoughts there? Russell Gray 46:54 Well, it's inherently inflationary, which is the root cause of the entire problem. So anytime you create consumption without production, you're going to have more consumers than producers, and so you're going to have more competition for those goods. The net, net truth of what happens in that scenario are shortages everywhere. Every civilization that's ever tried any form of system where people just get things for free because they need them, end up with shortages in poverty. It doesn't lift everybody. It ruins everything. I mean, that's not conjecture. That's history, and so that's just the way it works. And if you just were to land somebody on a desert island and you had an economy of one, they're going to learn really quick the basic principles of capitalism, which is production always precedes consumption, always 100% of the time, right? If you're there on that desert island and you don't hunt fish or gather, you don't eat, right? You don't get it because, oh, it's a human right to have food. Nope, it's a human right to have the right to go get food. Otherwise, you're incarcerated, you have to have the freedom of movement to go do something to provide for yourself, but you cannot allow people to consume without production. So everybody has to produce. And you know, if you go back to the Plymouth Rock experiment, if you're familiar with that at all, yeah, yeah. So you know, just for anybody who doesn't know, when the Pilgrims came over here in the 1600s William Bradford was governor, and they tried it. They said, Hey, we're here. Let's Stick Together All for one and one for all. Here's the land. Everybody get up every day and work. Everybody works, and everybody eats. They starved. And so he goes, Okay, guys, new plan. All right, you wine holds. See this little plot of land, that's yours. You work it. You can eat whatever you produce. Over there, you grace. You're going to do yours and Johnson's, you're going to do yours, right? Well, what happened is now everybody got up and worked, and they created more than enough for their own family, and they had an abundance. And the abundance was created out of their hunger. When they went to serve their own needs, they created abundance forever others. That's the premise of capitalism. It's not the perfect system. There is no perfect system. We live in a world where human beings have to work before they get to eat. When I say eat, it could be having a roof over their head. It could be having clothes. It could be going on vacation. It could be having a nice car. It could be getting health care. It doesn't matter what it is, whatever it is you need. You have the right, or should have, the right, in a free system to go earn that by being productive, but the minute somebody comes and says, Oh, you worked, and I'm going to take what you produced and give it to somebody else who didn't, that's patently unfair, but economically, it's disastrous, because it incentivizes people not to work, which creates less production, more consumption. I have another analogy with sandwich makers, but you can imagine that if you got a group if you got a group of people making sandwiches, one guy starts creating coupons for sandwiches. Well then if somebody says, Okay, well now we got 19 people providing for 20. That's okay, but then all the guys making sandwiches. Why making sandwiches? I'm gonna get the coupon business pretty soon. You got 18 guys doing coupons, only two making sandwiches. Not. Have sandwiches to go around all the sandwiches cost tons of coupons because we got way more financialization than productivity, right? That's the American economy. We have to fix that. We can't have people making money by just trading on other people's productivity. We have to have people actually being productive. This is what I believe the administration is trying to do, rebuild the middle class, rebuild that manufacturing base, make us a truly productive economy, and then you don't have to worry about these things, right? We're going to create abundance. And if you don't have the inflation is which is coming from printing money out of thin air and giving to people who don't produce, then housing, all sudden, becomes affordable. It's not a problem. Health care becomes affordable. Everything becomes affordable because you create abundance, because everybody's producing the system is fundamentally broken. Now we have to learn how to profit in it in its current state, which is what you teach people how to do. We also have to realize that it's not sustainable. We're on an unsustainable path, and we're probably nearing that event horizon, the path of no return, where the system is going to break. And the question is, is, how are you going to be prepared for it when it happens? Number two, are you going to be wise enough to advocate when you get a chance to cast a vote or make your voice heard for something that's actually going to create prosperity and freedom versus something that's going to create scarcity and oppression? And that's the fundamental thing that we have to master as a society. We got to get to our youth, because they're the biggest demographic that can blow the thing up, and they're the ones that have been being indoctrinated the worst. Keith Weinhold 51:29 Yes, Fed Chair Jerome Powell himself said that we live in a economic system today that is unsustainable. Yes, the collectivism we touched on quickly descends into the tyranny of the majority. And in my experience, historically, the success of public housing projects has been or to mixed at best, residents often don't respect the property when they don't have an equity stake in it or even a security deposit tied up in it, and blight and high crime rates have often followed with these public housing projects. When you go down that path of making housing as a human right, like you said earlier, you have a right to go procure housing for yourself, just not to ask others to pay for it for you. Well, Russ, this has been great. It's good to have your voice back on the show. Here again, here on a real estate show. If people want to connect with you, continue to see what you've been up to and the good projects that you're working on, promoting the virtues of capitalism. What's the best way for them to do that? Russell Gray 52:31 I think just send an email to follow at Russell Gray, R, U, S, S, E, L, L, G, R, A, y.com, let you know where I am on social media. I'll let you know when I put out new content. I'll let you know when I'm a guest on somebody somebody's show and I'm on the cusp of getting my own show finally launched. I've been doing a lot of planning to get that out, but I'm excited about it because I do think, like I said, The time is now, and I think the marketplace is ripe, and I do speak Main Street and macro, and I hope I can add a nuance to the conversation that will add value to people. Keith Weinhold 53:00 Russ, it's been valuable as always. Thanks so much for coming back onto the show. Thanks, Keith. Yeah, terrific, historic outline from Russ about the long term decline of the dollar. It's really a fresh reminder and motivator to keep being that savvy borrower. Of course, real estate investors have access to borrow giant sums of dollars and short the currency that lay people do not. In fact, lay people don't even understand that it's a viable strategy at all. Like he touched on, Russ has really been bringing an awareness about how decentralization is such a powerful force that reshapes society. In fact, he was talking about that the last time that I saw him in person a few months ago. Notably, he touched on Nixon era wage and price controls. Don't you find it interesting? Fascinating, really, how a few weeks ago, Trump told Walmart not to pass tariff induced price increases onto their customers. Well, that's a form of price control that we're seeing today to our point, when we had the father of Reaganomics, David Stockman here on the show, five weeks ago, tariffs are already government intervention into the free market, and then a president telling private companies how to set their prices, that is really strong government overreach. I mean, I can't believe that more people aren't talking about this. Maybe that's just because this cycle started with Walmart, and that's just doesn't happen to be a company that people feel sorry for. Hey, well, I look forward to meeting you in person in Miami in just four days, as I'll be a faculty member for when we kick off the terrific real estate guys Investor Summit and see and really getting to know you, because we're going to spend nine days together. Teaching, learning and having a great time on a cruise ship in the Caribbean. Until then, I'm your host. Keith Weinhold, don't quit your Daydream. Speaker 3 55:13 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively. Keith Weinhold 55:36 You know whatever you want, the best written real estate and finance info. Oh, geez, today's experience limits your free articles access and it's got pay walls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read. And when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text. GRE to 66866, while it's on your mind, take a moment to do it right now. Text, GRE to 66866 The preceding program was brought to you by your home for wealth, building, getricheducation.com.
Lex chats with Yuval Rooz, CEO and co-founder of Digital Asset, about the company's transformation from its early institutional blockchain experiments to launching the Canton Network - a purpose-built, privacy-enabled smart contract platform designed for financial markets. Rooz shares insights into why Digital Asset was inspired by Bitcoin's financial principles rather than its technical assumptions, highlighting the importance of rethinking blockchain infrastructure rather than replicating flawed legacy models. He also unpacks the hard lessons from high-stakes projects like the Australian Stock Exchange overhaul, emphasizing why large-scale financial infrastructure must evolve incrementally to succeed. Finally, the conversation dives into Canton's unique tokenomics, where 70% of block rewards go to the developers and users who create economic activity on the network, challenging traditional validator-centric models and aligning incentives more fairly for long-term ecosystem growth. Notable discussion points: 1. Canton's innovative tokenomics: Unlike Ethereum, where validators capture most of the rewards, Canton allocates 70% of block rewards to developers and applications, creating sustainable alignment. 2. Lessons from ASX: Rooz reflects on the failed ASX blockchain migration, advocating for iterative upgrades rather than “big bang” infrastructure transformations. 3. True tokenization: Rooz critiques superficial on-chain IOU models, asserting that real tokenization must place the asset's books and records natively on-chain to unlock the benefits of DeFi and composability. MENTIONED IN THE CONVERSATION Topics: Digital Asset, Canton Network, DRW, ASX, Ethereum, Bitcoin, Plaid, DAML, fintech, web3, tokenization, digital assets, financial infrastructure, DeFi, onchain ABOUT THE FINTECH BLUEPRINT
Half marathon? Hard. Full marathon? Very Hard. Ultra Marathon? Insanely hard. Ultra marathon while breastfeeding a baby and still managing to win your division? WHAT IN THE F**K?!?! Let's talk about that, IOU a rimjob Willy Wonks candy bars, accidentally spilling 70,000 lbs of bees on the highway, Joe smashing his head into the ceiling in an airplane bathroom, and more on today's episode of Can You Don't?!*** Wanna become part of The Gaggle and access all the extra content on the end of each episode PLUS tons more?! Our Patreon page is LIVE! This is the biggest way you can support the show. It would mean the world to us: http://www.patreon.com/canyoudontpodcast ***New Episodes every Wednesday at 12pm PSTWatch on Youtube: https://youtu.be/f5-70tzYJP0Send in segment content: heyguys@canyoudontpodcast.comMerch: http://canyoudontpodcast.comMerch Inquires: store@canyoudontpodcast.comFB: http://facebook.com/canyoudontpodcastIG: http://instagram.com/canyoudontpodcastYouTube Channel: https://bit.ly/3wyt5rtOfficial Website: http://canyoudontpodcast.comCustom Music Beds by Zach CohenFan Mail:Can You Don't?PO Box 1062Coeur d'Alene, ID 83816Hugs and Tugs.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
"Have you ever done something so efficient that you think you could get away with committing crimes?" With Billy Pill in the Dan seat today, we react to the Knicks vs. Pacers game with a full hour of analysis. HA! Just kidding. It's time for the high-level IOU, the peasant garage, and Sydney Sweeney's bathwater soap. Today's cast: Billy, Stugotz, Chris, Izzy, Jeremy, Roy, and Tony. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Hello and welcome to episode 98 of the Still Spinning Podcast. We appreciate you checking us out! You can watch the live taping every Monday at 7 PM on Facebook, YouTube or Instagram OR wait until the official podcast release on Wednesday morning. Visit our website for more details on becoming a sponsor, buying merch and check out old episodes. All of this at stillspinningpodcast.com. Maybe it is us but it seems there is a new term being used in the world almost every single week. This is true this week with the term “unbossing” which means something different to businesses than it does to workers. Basically workers no longer want to work in management roles, for a variety of reasons. Dan and Nicole both share personal stories that fall into this world. Have you ever visited a restaurant or store that is located near a high school, particularly when that high school has a lunch break or when it ends for the day? There is a McDonald's in Virginia that has a new 21 and over policy because of the behavior of the kids from a nearby school. Nicole and Dan discuss and talk about how scary kids can be. And finally, road rage has taken a turn (pun intended) and you will never believe what happened when a woman got mad and lost her shit. You can watch the (somewhat graphic) video here: https://www.instagram.com/p/DJFKE4eOjlk/ Nicole sent this to Dan but did not tell him what it was about. We encourage you to just watch it before reading anything about it. Thank you so much for checking us out! Spinners, we may have to write you an IOU on bonus content this week, we have some scheduling issues we are trying to work out. But we promise, we will load you up on bonus content as soon as we are able!
The boys discuss best way to get a job, locks and IOU's
How to assess the damage that the conspiring witnesses would have caused if they hadn't been determined to be conspiring: especially with monetary cases, such as the value of a ketubah, for example. But if he were to have died, he'd only have lost the value of the ketubah, without having to pay it out. So the risk of her having been widowed becomes part of the equation - including whether someone might have been willing to buy out the ketubah. Likewise, a case where the person they're testifying against has done the thing they're testifying about - and in that case, how much damage have they caused him? Also, a caveat about whether a loan is made with a promissory note - and how the default 30 days before asking for your money back kicks in only with a formal IOU. Plus, a concern about opening a collar on a shirt - and how that would be a violation of Shabbat, in contrast to removing the stopper from a wine barrel.
If there's ever been a Know Your Enemy subject worthy of two episodes, it is Elon Musk—currently the world's richest man, CEO and leader of several pathbreaking companies, ringleader of the Department of Government Efficiency, and (for now) Donald Trump's co-president. In other words, to understand what's happening in the United States during the second Trump administration, it's essential to understand Musk: what shaped him, his enduring preoccupations and personality traits, how he made his vast fortune, and why, in unprecedented ways, he decided to go all in on Trump.In this second of two episodes on Musk, Matt and Sam bring his story up to the present. After offering a few concluding details on Musk's various romantic and familial entanglements, they chart the course of his political derangement, especially focusing on his seeming addiction to Twitter—the social media platform he eventually bought and renamed "X," which also is the name he gave one of his young sons. Musk's purchase of Twitter is treated as a case study in how the billionaire now tends to operate, from his penchant for making wild claims and impulsive decisions, to the way he manages people, tasks, and money. The discussion concludes with a theory of why Trump made such a show of buying a Tesla at the White House, and how to understand what Musk is up to with his erratic, ignorant work at DOGE, with plenty of eyebrow-raising details along the way.As mentioned: Join Matt and Sam and Jamelle Bouie at Dissent magazine's fundraiser on April 8 in New York!Listen again: "Becoming Elon Musk, Part One"Sources:Kate Conger & Ryan Mac, Character Limit: How Elon Musk Destroyed Twitter (2024)Walter Isaacson, Elon Musk (2023)Ashlee Vance, Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future (2015)Ella Yurman, "Vivian Jenna Wilson on Being Elon Musk's Estranged Daughter, Protecting Trans Youth and Taking on the Right Online," Mar 20, 2025Kylie Cheung, "World's Richest Man Allegedly Refuses to Pay Appropriate Child Support," Jezebel, Mar 21, 2025Faiz Siddiqui, "Elon Musk is worth $270 billion. He'd buy Twitter with an IOU," WaPo, April 22, 2022Theodore Schleifer & Maggie Haberman "Elon Musk Seeks to Put $100 Million Into Trump Political Operation," NYTimes, Mar 11, 20225.Eric Lipton, "Musk Is Positioned to Profit Off Billions in New Government Contracts," NYTimes, Mar 23, 2025.Jessie Blaeser, "DOGE shared its receipts — and some of them don't match," Politico, Feb 22, 2025. Hadas Gold, "Trump says he'll buy a Tesla to support Elon Musk, whose companies are struggling," CNN, Mar 11, 2025.Sam Adler-Bell, "Capital without Borders," Commonweal, Feb 8, 2017. ...and don't forget to subscribe to Know Your Enemy on Patreon to access to all of our bonus episodes!
Sign-up for my free 20-day devotional, The Word Before Work Foundations, at http://TWBWFoundations.com--Series: Wisdom for Work from PhilippiansDevotional: 2 of 4Do everything without grumbling or arguing, so that you may become blameless and pure, “children of God without fault in a warped and crooked generation.” Then you will shine among them like stars in the sky. (Philippians 2:14-15)Want to “shine among” the non-Christians you work with? Paul tells you how: “Do everything without grumbling or arguing.” Apparently, working without grumbling and complaining was as countercultural in Paul's day as it is in ours.C.S. Lewis once said that, “Hell begins with a grumbling mood.” The inverse is also true. People can get a whiff of heaven through the joyful mood of its citizens. Dr. Randy Alcorn goes so far as to say that, “Happiness in Christ is one of our most powerful evangelistic tools.”The question, of course, is how can we be joyful and work without grumbling when your co-worker replies all to yet another email or your boss makes an urgent request at 4:45 on a Friday? By focusing on what Christ has done for us.Just a few verses before today's passage, Paul writes about how Christ “humbled himself by becoming obedient to death” for you and me (see verse 8). “Therefore,” Paul says in verse 14, “do everything without grumbling or arguing.”The cross is the source of our joy amidst less than desirable circumstances. Once you focus on what Christ accomplished for you at Calvary, grumbling about the smell in the office refrigerator feels ridiculous. Tim Keller once compared it to being a “spiritual billionaire…wringing your hands over ten dollars.”Grumbling is so second nature we often don't notice we're doing it. Here are three simple ways to prevent, confess, and respond to complaining.First, prevent grumbling by writing Philippians 2:14-15 somewhere you'll see it while you work. On a post-it note, your phone background—wherever.Second, confess grumbling by creating a grumble jar. And every time you or someone on your team complains, drop in a dollar (or, if you're like me and never carry cash, an IOU to tally later). My family and I did this recently to break a different habit and it was shockingly effective. We were able to kick our habit in less than a month. Finally, respond to grumbling by expressing gratitude. Think back to the last thing you complained about and thank God for something related to that thing. For example, this morning I grumbled about the house being a mess. But I then said a quick prayer of gratitude that I have children to make said mess.Do whatever it takes to wrestle your grumbling to the ground, believer. Because as Dr. Alcorn put it, “Our happiness makes the gospel contagiously appealing; our unhappiness makes it alarmingly unattractive.”
Place your bets with these old time radio mysteries involving gamblers and the (sometimes) crooked games they play. Sherlock Holmes and Dr. Watson find murder among the roulette tables of a French casino in "The Case of the Double Zero," starring Basil Rathbone and Nigel Bruce (originally aired on Mutual on November 19, 1945). Philip Marlowe tries to find a friend's stolen IOU but stumbles across a corpse during the search in "The Promise to Pay" (originally aired on CBS on May 14, 1949), and Nero Wolfe is hired to find out who dealt a deadly hand during a poker game in "The Case of the Killer Cards" (originally aired on NBC on January 12, 1951). Finally, Sgt. Joe Friday hunts for the man who's impersonating a cop to extort money from gamblers in "The Big Shakedown" from Dragnet (originally aired on NBC on May 22, 1952).
Flow State of Mind Podcast | Health | Fitness | Physique | Psychology | Business
We all know the best way to overcome objections is to not have them in the first place (which we will get into how to show up better for yourself and why that's so important) but when they do happen, it's important to have some strategies and tactics in your back pocket and what I'm going to share with you today made us and our IFCA clients thousands of dollars we wouldn't have made otherwise. We'll go over the IOU strategy when it comes to referrals, prerequisites of being a great coach and salesperson in the first place, share a bonus ambassador strategy with you, and more! Time Stamps: (1:02) The Best Way To Overcome Objections (1:17) Our Former Company T4E Systems (4:39) Being The Leader For Your Prospects (6:39) Prerequisites For A Great Salesperson (9:04) Tom Cruise Example (10:14) Objection Handling (12:04) Referral Tactic (14:09) Bonus Time: Ambassador Program (16:44) Please Leave A Rating and Review ---------- Whenever You're Ready, Here Are 4 Ways We Can Help You (For Free) (Community) Join the Fitness Business Secrets FB Community to Unlock Your Free 5 Clients in 5 Days Mini-Course (Content) Grab our exact post templates that are responsible for more than 3,500 online clients in our business Automated Post Planner (Instagram) 3-5x Your Engagement, Grow an Audience and Generate Dream Clients from Instagram IG Playbook For Health & Fitness Coaches (Get Clarity) Schedule a FREE No-Obligation 15-minute Call to Explore How To Add 10,000/Mo to Your Business–Guaranteed
Keith discusses the inefficiency of compound interest in wealth building, advocating for compound leverage through real estate investments. He illustrates how a $100,000 investment in a $500,000 property at a 6% annual return can yield much higher returns due to leverage (see the math below). He also explains how mortgage rates are influenced by long-term bond yields and discusses the benefits of real estate over stocks. A coaching call with GRE Investment Coach Naresh highlights the process of investing in real estate, including financing considerations and the role of a coach in guiding investors. Here's the math on a 5:1 leveraged RE return at a 6% appreciation rate: Year One: $500,000 x 1.06 = $530,000. Subtract $400K debt = $130,000 equity Year Two: $530,000 x 1.06 = $561,800. Subtract $400K debt = $161,800 equity Year Three: $561,800 x 1.06 = $595,508. Subtract $400K debt = $195,508 equity. GRE Free Investment Coaching: GREmarketplace.com/Coach Show Notes: GetRichEducation.com/526 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:00 Keith, welcome to GRE I'm your host. Keith Weinhold, make America rich again in play numbers. You'll get a fresh take today on how compound interest does not build wealth and compound leverage does. Then you'll learn about how bond market moves affect mortgage rates. Finally, you get to listening to a call between one of our investment coaches and a GRE follower today on Get Rich Education. Speaker 1 0:33 Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com Corey Coates 1:19 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 1:35 Welcome to GRE from Altoona, Pennsylvania to Saskatoon, Saskatchewan, and across 188 nations worldwide. I'm Keith Weinhold, and this is get rich education, the voice of real estate investing Since 2014 you're going to hear some things that you've never heard before today, and some listeners tell us that GRE is unlike any real estate information they've ever heard. And with what I want to tell you today, well, again, it's information that I've never heard anywhere else, either. So what I endeavor to regularly do for you here on this show is to tell you what I wish I had known sooner make America rich again, nope, that is not my presidential campaign platform for my run in the year 2032, or anything like that. It is this, don't get your money to work for you. In fact, if you want real wealth, don't work for money or get your money to work for you. Don't make either of those things the focus anyway, avoid growing your money through compound interest, because that's not the formula either. Now you and I have covered that ground before, if you're new here, and that material makes you say what you might have thought things like that were the holy grail of wealth building, nope, and today, for the first time on the show, in over 500 episodes, I'm gonna put some real numbers to that to show you exactly what I mean. Let me explain to you how to invest to truly win in a way that you've never seen in your life. You're not gonna improve only your life, but generationally, your entire family's life. At your job, you are like a dock worker. You're trying to pull your boat up to the dock so that you can then make a short, easy hop onto the boat and get away. And you'll learn how I did that and how I would begin investing today if I could start all over again. Now, after I had graduated college and had a job, I used to think, Well, yeah, I'll invest through a 401K in mutual funds, because it's easy and it's just deducted right from my paycheck. Well, when you do the easy thing in life, there's usually not much reward. And back then, I thought, Well, why would I invest in real estate anyway? I mean, a stock and mutual fund return on investment is about 10% over time. Real Estate is more like five or 6% plus real estate has all these maintenance hassles, and in the stock market, your 10% return enjoys compound interest. I don't really know how that works over on the real estate side, all right. Well, let's look at some numbers with how this would all work anyway. Here we go with $100,000 invested in stocks at 10% after year one, it's grown to $110,000 in year two, you don't just have 120k you've got more, because the 10% compounds on the 110 10k so now in year two, you've got $121,000 and I bet that you don't see any problem in this yet, right? Hey, things are going great. And after year three, you're up to $133,100 All right, so there we are. You begin with 100k and after three years, you've got then $33,100 in profit, your gain, on top of your 100k All right, that's what compound interest does. Well, let's take a closer look at that. $33,100 first, okay, I could attack it a slew of reasonable ways, if I wanted to, we could subtract out the constant drags on that of inflation, emotion, taxes, fees and volatility. But let's just take one volatility. We smoothed out our 10% return saying that you achieved it every year in that example there, we know that does not happen in the real world. Stocks are volatile, and the more volatile the return, the lower the return. Because instead, if you were up 20% one year and then down 20% the next year, which stocks are known to do you're not even you're down your 100k would instead go up to 120k in year one and down to 96k in year two, a loss, like I've told you before, that right there is the difference between what's called the compounded annual growth rate and the average annual return. But we'll just leave stocks number right there. We'll say that despite all five drags, volatility, of which is just one, the compound interest still somehow gave you this $33,100 gain. That number is about to look really disappointing, and this is about to get really interesting. Let's compare that to real estate, and we'll say that despite that, it only returns, say, 6% per year here. Well, how do most people buy real estate? They do it with other people's money. OPM, remember earlier that I talked to you about how you don't create wealth from getting only your money to work for you, like you did in the stock example. Yeah, here's how you ethically use other people's money to buy real estate. When you invest 100k in a rental property. That's your 20% down. You get to borrow 80% from the bank, 400k so now you control a $500,000 property. And here's the thing, its entire value appreciates a 6% all 500k not only your 100k invested, yes, so you're now about to get the return on both your 100k and all of the bank's money. 400k that you get to leverage returns from both are about to go to you. Oh, yes, let's run these numbers, instead of compound interest, you're about to get compound leverage, using those borrowed funds to amplify your own return. So with your 100k invested on a 500k property at 6% after year one, you've got 130k after year two, $161,800 and after year three, $195,508 why? Because, again, your 6% return was accumulating on the 500k property. All right, so after year three, with this $195,508 you're gonna subtract out your 100k down payment, and your gain is $95,508 All right, that is compared to your compound interest based stock and mutual fund return of just $33,100 if you'd like to see the math for that leverage. Return that is in the show notes. Look for it there. See, by employing other people's money, it's like when you were a kid and in the evening, your body cast a shadow five times taller than you actually were. That's how leverage allows you to magnify returns and appear to be a bigger, taller investor than you actually are. Yes, your 20% down payment on real estate gave you five to one leverage amplifying your returns. If you listen to the show for a while, you understand that, but you never saw that numeric dollar per dollar comparison like we just did. So after three years, how about 33k profit on stocks and 95k on real estate? Real estate returns almost three times as much. But in reality, it's probably more than a 3x win for real estate because you're 95 Gain over three years in real estate, equity is actually going to be higher, because your tenant is also paying down your principal balance on your 400k loan every single month for 36 months in this three year example, if your property is vacant, 10% of the time they paid it down for you 33 out of 36 months, and as we know, at the same time, inflation pays down your loan even faster than the tenant does. Real Estate is also more tax advantaged than your stock gain, because you never have to pay capital gains tax on your 95k profit with a 1031 tax deferred exchange. And on the downside for real estate, upon owning the property, you will need to pay closing costs of maybe four to 5% of the purchase price. All right now, in this 95k gain for real estate versus 33k gain for stocks, I did some rounding there. Yes, even if your stock return was in a 401 K type fund, well, you would still have to either pay the tax now with a Roth or later with a traditional retirement plan. So you're still paying the tax. The higher real estate return is also more likely because real estate is less volatile than stocks, and I've got more vitally important things to tell you about how you just grew wealth about three times faster with leverage than with compound interest. And yes, this is exactly the kind of stuff I wish I knew when I had just started out. Now if you think you don't have the money for a down payment. I'll get into that. But first, a big review here, and I've woven threads of this review through previous episodes. First, don't focus on getting only your money to work for you. And second, stress compound leverage, not compound interest. Optimize using other people's money. And when you take out a loan for rental property, you get to use other people's money three ways at the same time, three different entities, you're using their money. Number one, it's for the bank's loan, like we discussed. Number two, you're using the government's money for generous tax incentives. I only touched on one of the tax incentives. And then, thirdly, you are using the tenants money to pay down your mortgage loan and pay all of your properties operating expenses, like maintenance repairs, insurance, property taxes and pay your property manager to make this all mostly passive for you. I don't manage any of my own properties. I think you already know that. And on top of that, hopefully you'll have a little residual income after expenses every month, your monthly profit of rent income minus expenses, that is called cash flow. And when I talk about doing this ethically, use an experienced property manager. Never get called a slumlord. Provide housing that's clean, safe, affordable and functional, okay, some really core, enduring, GRE mantras in there. But what if real estate goes down in value? It's not common, but I did have it happen to me around 2008 we won't even talk about what happens when stocks go down in value, but when real estate values went down in 2008 it just didn't matter that my rental property's values were temporarily suppressed because my rents were higher than my expenses, I was still making income each month off the property. That's a good way to own property, if you can. I'm not motivated to sell an asset. I mean, are you motivated to sell an asset that's paying you income every month during a time when it's capital value dip, so probably not. And by the way, there is nothing new or esoteric here. You just haven't had it explained to you in this way before. This 33k from stocks and mutual funds versus 95k from real estate you haven't seen that before. This is simply buying houses with plain vanilla 30 year fixed rate loans, and it's just simply long term buy and hold. This is not flipping, as I like to say. This is not day trading. This is decade trading, as you continue along in your real estate journey, keep stacking more properties, and it's gonna go faster than you think, because you've got this power of compound leverage, and your tenant also pays you income that you can use toward buying the next property, and then as a backup, you have that trapped equity that keeps accumulating in your property. And the reason this goes faster than you think is that you can also release that equity by removing it with a completely tax free event, a cash out refinance, all while you still hold onto the asset and you. Use the untrapped equity to put down payments on more property. Now, what if you think you don't have the money to start or get as big as you want, as fast as you want? Well, I've met a lot of people that when they understand this compound leverage concept, they withdraw their 401 K funds, pay a penalty and pay the taxes, and they put those funds toward real estate. I mean, you would owe taxes on it anyway. Now that part may or may not be ready for you, but you know, once I understood this, what I did is I stopped contributing to my 401K and I instead got into compound leverage. Yeah, this is how to make America rich again. Now, what if you think you don't have 100k to invest in property like we did in our example? Well, there are perfectly good $200,000 properties at GREmarketplace.com where you could make a $40,000 down payment. But you still might be thinking, I'll just say that the real estate market is just really competitive now, and that your small down payment maybe it can't compete with a deep pockets all cash offer, because all cash buyers can close really fast, but no your small down payment can still compete with all cash offers, because Some sellers don't want a quick sale for either tax reasons or myriad lifestyle reasons that they might have, I like to say that using debt is like using fire if it's misallocated, like with 23% credit card debt, that's what the average credit card interest rate is right now, 23% well that can burn down your financial house. But if you know how to use the debt in a controlled manner, like from income property that others paid down for you, oh, that fire is contained in a stove, and that fire or fireplace will heat your home. If I could start all over again with what I know now, it would be to embrace good debt, because tenants pay down this debt for me, so use it as leverage to build a real estate empire. Think of it this way, besides the employer match, every dollar that you lock inside a 401K is $1 that you cannot use to leverage other people's money. Back when I started investing, I should not have contributed to a conventional retirement plan beyond the employer match myself. So I used leverage to pull my boat up to the dock more than three times faster and escape the day job when I was still young enough to enjoy it. And once you know the difference, why would you want to do life any other way? You might have heard that real estate has made more people wealthy than any other investment today. You've learned how now, sometimes it is hard to stop and turn off a mindset if the same thing has been believed for a long time. I think we've all experienced that. If you believe something for a long time, well then it's hard to change your mind on that, and you might even fight and defend that core belief. That could be the case here with me, denigrating the wealth building capability of compound interest. And if you're still wrestling with that yourself, a great compliment where I discuss this more in depth and in a different way, can be found on an episode that I did earlier this year that is on GRE Podcast, episode 507 episode 507 is called compound interest is weak. I'm here to talk to you about things that are really gonna move the meter in your financial life, like what I've covered with you so far, and what I'm gonna help you learn next. You know, there's just some information out there, even real estate information, it's just not that useful. Say, for example, mortgage purchase applications were down from last week, but yet they were up month over month. Well, that might matter to certain sub industries, but it doesn't move the meter in your life with how you're going to actionably build wealth. Hey, before we move on, I want to give a major shout out to this show's long time, steady, capable sound engineer, Vedran. He just hit the 10 year mark of filling that important role for us here. Yet 10 years almost since the inception of this show. He's been with us since November of 2014 so since about episode five, and he's edited every single episode since then, and he recently told me that he looks forward to the next 10. Congratulations, Vedran. Also, thanks to you, the listener, the follower. Here, we held three GRE live virtual events this year, webinars. You. You are really taking action. Back in June, we broke a record with 307 registrants for that event. And then our latest event that was held about 10 days ago saw another record broken, 528 of you registering, and I say thanks, because you make me feel good. You're showing that I'm helping make a difference in your life. And now maybe you're thinking these events or this platform, it's getting too well known, and if you show up to a future event that you might not get to ask a question, no, that's not the case. Not everyone that registers shows up for the event live, and then you can ask a lot of your own questions with a personal free coaching call as well. I'll let you listen into a coaching call later on, today's show. In fact, now I've shared with you a few times before that changes to mortgage rates don't follow changes in the federal funds rate that Jerome Powell and the FOMC said. I've also told you that mortgage rates closely track long term bond yields, but let me tell you about what all that really means, and this is going to help you understand and perhaps even predict the future direction of mortgage rates. In fact, it's unusual. You know, the largest market in the world is not the real estate market, it's not the stock market, it's the bond market. And What's unusual is here we are on episode 526, and we've really never discussed the bond market. Well, you're probably aware that a month and a half ago, the Fed dropped interest rates by a half point. Their next decision is in just three days. Now I don't think they should drop rates again, though they could. That's because since the rate cut, GDP and job growth have been strong. That's why I don't think they should do it. I mean, rates usually get cut to help a wounded economy, so why lower them now? I mean, recessions usually see rate cuts. But here's what even fewer people understand when the Fed cut rates a month and a half ago by a half point, why have mortgage rates soared since then? They were about 6.1% and then the Fed made their cut, and mortgage rates recently spiked up to 6.9% well, many still feel that the long term trend for all types of interest rates is lower. But you know for one thing, rates are really hard to predict. The Fed only controls short term rates. Long term rates, like the 30 year and 15 year mortgage are tied most closely to the yield on the 10 year treasury note, and here after I'll just call that the 10 year All right, so what is this and what controls it? Well, don't let that name intimidate you. This is get rich education. So let's break down each word yield on the 10 year treasury note. Yield just means interest rate. 10 years is the period of time that this loan is made for the duration the US Treasury issues them so they receive the loan and a note is an IOU. It was also known as a bond. That is what's held by the person or the entity that loaned the money, the person that loaned this money to the Treasury. It could be you yourself, or it could be a foreign nation. So you hold on to this note because you made the loan to the Treasury. That's the breakdown of every word of the phrase the yield on the 10 year treasury note. Okay, so to say it a different way, if you hold a 10 year treasury note, that is basically your receipt, your proof that you made a 10 year long IOU to our federal government and it is going to pay you an interest rate known as a yield. All right, that is the simplest explanation I can give. Well, a month and a half ago when Jerome Powell cut short term rates, the 10 year was 3.7% at that time, and at the beginning of last week, it was up to 4.2% that's the highest since July. And again, 30 year mortgage rates most closely track the 10 year all right, as you and I sort of hold hands through this together next, let's ask what made them rise. And you know, some think this is harder to understand than trying to understand why YouTube viewers constantly fall for ludicrous housing price crash videos. Okay, but relax. This is easy. When the economy gets hot, all these things tend to rise in value, real estate, stocks and also productivity rises. Employment rises. Is an inflation that tends to rise as well. Because a 10 year investor needs a real return above the rate of inflation, this yield must rise as well. That's it. You got it. You got it. So therefore, when a rosy jobs report comes out, the 10 year tends to go up. When a strong retail sales report comes out, the 10 year yield tends to go up or a high flying CPI is released, the 10 year tends to go up. And therefore, because it rose in the past month, investors have expectations for a strong economy and more persistent inflation. So conversely, expect both the yield on the 10 year treasury note and the 30 year mortgage rate to fall when the economic outlook gets more dim. It's important to understand that, like a lot of things in the stock market, yields on the 10 year they tend to be more of a reflection of future economic expectations than the current economy. And this should be pretty easy for you to remember, because when you think about it, that makes sense. Since you've lent out your money to the federal government for 10 years. I mean, you're really interested in what that 10 year future is going to look like. So yes, though this is somewhat less exciting than watching a motorcycle jump over the Grand Canyon now that you listen closely for the last few minutes. Congratulations. Now you know that the 10 year can tell you both what investors expect to happen in the future, and can tell you the direction of 30 year mortgage rates. And, yeah, I mean, this is just more the type of material that I wish someone had explained to me sooner, in a way, just like that. And you know, are you interested in doing things that at the end, they make you say, You know what, I just got 1% better this week. I mean, think about the kind of person you'll be if you make yourself just 1% better each week. Now you better understand how leverage beats compound interest and what makes mortgage rates move. Go out and vote tomorrow as far as next, listen into one of our GRE investment coaching calls. I'm Keith Weinhold. You're listening to get rich education. Hey, you can get your mortgage loans at the same place where I get mine, at Ridge lending group NMLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Caeli Ridge personally. Start Now while it's on your mind at Ridgelendinggroup.com that's Ridgelendinggroup.com. your bank is getting rich off of you. The national average bank account pays less than 1% on your savings. If your money isn't making 4% you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work with minimum risk, your cash generates up to an 8% return with compound interest, year in and year out. Instead of earning less than 1% sitting in your bank account, the minimum investment is just 25k you keep getting paid until you decide you want your money back. Their decade plus track record proves they've always paid their investors 100% in full and on time. And I would know, because I'm an investor too, earn 8% hundreds of others are. Text FAMILY to 66866, learn more about freedom. Family investments, liquidity fund on your journey to financial freedom through passive income. Text Family to66866. Zack Lemaster 29:08 this is rent to retirement. Zach Lemaster, listen to get rich education with Keith Weinhold, and don't quit your Daydream. Keith Weinhold 29:22 Welcome. Back to get rich Education. I'm your host. Keith Weinhold, there will only ever be one GRE podcast episode five under 26 and you're listening to it. Let's let you listen into a coaching call between GRE investment coach Naresh and GRE follower, Brenda, and then I'll be back to wrap it up at the end. Naresh Vissa 29:41 hey, Brenda, good to Good to see you after emailing back and forth. Thanks for setting up this call. Brenda 29:47 Yeah, thanks, Naresh, thanks for setting up time to talk to me. Naresh Vissa 29:49 Yeah. Well, tell me what made you schedule this call, like, Why did you hit that button saying I want to talk to the real estate investment coach? Brenda 29:59 Yeah, well, I've seen some of the newsletters that come from GRE I'm familiar with some of the podcasts, but then I had gotten into the newsletters, and then I saw that there was an option for a free consultation to talk to you. And I thought, Well, I'm not sure what this really means, or what we talk about, or how you can help me, as far as, like, the vision, or how do I set my goals? Or what is it exactly that I would do with you with GRE, like, what kind of consultation Do you provide? Naresh Vissa 30:29 Yeah, well, so that's you came to the right place. So let me tell you a little bit about GRE, a little bit about me, who we are, how we operate. So get rich. Education is an education company. As you know, you listen to the podcast, you read the newsletter. It's free. The podcast is free. The newsletter is free. You can go to our website, read our blog, go through past podcasts. You can subscribe to our YouTube channel, subscribe to our social media, Tiktok, Instagram, Facebook, X, you name it. That's all free content available for you, and this service, the real estate investment coaching, is completely free of charge. I know that sounds kind of crazy, but you'll never pay as a dime. I'm here to help you throughout and along your real estate investment journey. Think of me as a super connector, someone who can introduce you to all the right people, whether it's specific markets you want to invest in. Providers. There, wholesalers, flippers, lenders, appraisers, although your lender will take care of the appraiser part, if you need a second lender, financing, CPAs, attorneys, anything at all, just come to me and I can introduce you to the right people, or at least point you in the right direction. I'll try my best to do it 100% of the time. I don't, or I should say, I don't, have answers 100% of the time, but I do have answers most of the time, and I can forward you and refer you, point you in the right direction. So think of me as a super connector. Think of me as your silent partner in deals, because I get any equity in the deals who you don't have to pay anything to think of me as an advisor, a consultant. Again, this is a completely free service. There's you're not going to get like, a bill in the mail saying, Hey, you talked to Naresh five times, so you owe us $1,000 for that. Now, there's none of that. So the most common question I get after telling people this or, like, well, then, I mean, you can't be doing this for free. Like, why are you doing great? Like, like, yeah, what's the catch here? And they also have, I mean, I'm sure you're wondering, how do you make money? Well, if you listen to the podcast, if you go to our website, you'll see advertisements, sponsorships. We are paid marketing fees, advertising fees from partners. So you listen to the podcast, I'm sure you hear many of those commercials. We make our money on the back end, so we can keep services like this and our newsletter and our podcast free on the front note, like I said, GRE is not is an education company. We are not a broker or a wholesaler or a flipper or a builder or an agency or a realtor service or any of that a brokerage, where we're not of that, we're purely education, education based through our educational content or free educational coaching, which I offer too. So that's what you are. Got it .we work with all those other companies. So we can refer you to all those other types of companies that can help you on your real estate investment journey. But we are not any of those. Now me, personally, I am an investor myself. I own eight properties in southeastern United States. I got started in 2017 I bought my first property in a single family home. That was rehab. Back then, rehabs are very hot. That was what you should get in, that what made sense to get into. And I scaled pretty quickly. I went from one to eight in a matter of it's been seven years since I bought that first property, but I actually went from one to eight in a matter of more, like two and a half years, I just kind of went so I bought, like I said, southeastern United States, bought my last property in 2020 I'm saving up for my next property because I personally now only, like new construction, I rehabs have their place, certainly For certain investors. And at the time, I got six rehabs, rehab properties from 2017 to 2019 so I personally, though, am now saving up because new construction is more expensive than than rehab. So I'm saving up for my next real estate property, which is most likely going to be a new construction. So that's a little bit about my investing background. I've been a real estate coach Since 2019 came in 2021 to GRE and have run the coaching side ever since. So that's a little bit about me on the real estate side, on the coaching side. Now, my background is not in real. Real Estate. I like, I said, I got in 2017 before that, and I still do work in tech. So I worked in tech from 2000 really, from 2005 and still do work in tech. So it was through my tech work that I got involved in real estate, because I would do back end tech work for real estate companies. And doing that work, I was like, Oh, I started learning about real estate, and then I said, huh, if this doesn't seem hard or difficult. And I also got an investment coach who helped me, like I said, with that competitor, they also had investment coaches or investment counselors. So I had a coach who helped me a little bit, but that's what the coaches are for there to help investors like me, especially newbie investors, or even veteran investors. They're there to help investors with the networking part, with the who are offering the best deals, special deals, special interest rates, who's honest, who's dishonest? That's what I'm here to do. So that's a little bit about GRE About me, about my background, how our coaching program works. So now, Brenda, it's all about you. I want to hear I'm sure you have tons of questions based on what I just said, but before you ask those questions, I'm just going to start out with, how much cash do you have ready to invest? Because really, I could be of most service if you're looking to invest, otherwise, I can't really be of much service. So how much cash do you have ready to go to invest? And then I'll answer, I'll say something about that, and then I'll let you ask whatever questions you want. Brenda 36:35 Sounds good. Just a cash ready for deployment is 100,000 but I'm assuming that doesn't all have to go to one property, right? Or depending on the property? Naresh Vissa 36:46 Yeah, so, so is that lick? So what I should have clarified my question as how much liquid cash do you have on not like a 401, K, or properties that you have to cash out refinance, or it's just if you today, if you were to take a property and and you had cash ready to do so be $100,000 Yeah, correct. Okay, so, so a few things that's very good, because with 100,000 that gives you optionality. You can either go for a rehab property, and we have rehab property right now. Our hottest provider is in Memphis, Tennessee, and you can get a rehab property. Worst case scenario, let's just say the property, the average property, is about $100,000 and so you just put down a 25% down payment. So let's just give or take, let's say $30,000 I tell our investors. I say, Look, if you want to buy your first property, or Yeah, your first rehab property, you need at least $50,000 cash, liquid in the bank, ready to go. That's just because you want that cushion. You don't want to put all your eggs in one basket. So I say, if you want a rehab property, you need 50,000 if you want a new construction, single family 100,000 because the new constructions are going to cost you at least $240,000 at least. So if you take 25% of that, plus closing costs and cushion and everything, just if you want to be a good investor, you have to be disciplined. And you have to be disciplined enough to be able to save the 50,000 or the $100,000 if you want to make it as a real estate investor. So 50,000 for a rehab property, 100,000 for a new construction. If you want a duplex, you need, I say, a new construction duplex, which is probably our hottest new construction asset class right now in Florida, 150,000 for a new construction. Down payment or not. Down Payment task, ready to go for a new construction duplex, because those are selling for about 490,000 give or pay. So it's 50,000 for rehab that you should have in the bank. 100,001 in the bank for a new construction, single family. 150,000 for a duplex. Anything beyond that, then we can talk. You know, later you wanted a squad or something else, but that's generally what I say. And I tell, I tell investors. I say, Look, if you only have $30,000 in the thing, let's connect after you get up, because I don't want you putting all that 30,000 into a rehabbed property, whereas, who knows, maybe the economy might go into a recession and it stays vacant for six months. I don't want you to have to go through that. So let's stick to those numbers. So you said you have 100,000 so you have options. You can you can get either a rehab property or you can get a new construction. So it's completely up to you. It's about your new construction. Single family, it's completely up to you. I personally, I, like I said, I started out with the rehabs, and then I've kind of graduated up to new construction. God, they the lowest risk you can take with 100,000 is by starting with a. Be just a low price rehab where you put in $30,000 and full, you know, down payment burden, costs, everything else you put that, you know, 30 grand, if it first property, you put that 25 to 30 grand in, and you treat that as a learning experience. And you go through the experience, and if everything goes smoothly, then you can buy the second property, and you can decide whether, hey, do I want to continue with this rehab, or I'd still have enough capital for the new construction single payer. But I would start small. If you're new, if you're an advanced veteran investor who has six figure, well into the six figures in the bank, ready to go. I tell those people. I say, hey, let's just go for new construction. Let's go for the new construction. Single family. Let's go for the duplexes. Some of them have 700 $800,000 in some cases, a million dollars plus. I say, hey, let's let's just go for the quad to the construction four Plex. The incentives are great, etc, etc. So in your case, 100,000 you certainly have choices. And what I'll do after this call is, well, first I want to hear, based on what I said, What are your thoughts on anything, whether it's renew, construction versus rehab, and then what I brought up earlier about coaching? Brenda 41:12 Yeah, I actually thank you, Naresh, I really like what you said about starting small. I have purchased two single family homes in the past, their rentals, but I never went through a coach. I just kind of did it on my own, and luckily, things worked out. But certainly having a coach and starting out small, just to kind of go through the process, it's really helpful. Here's the situation that I think is just a little bit different, and I know that this would probably be something that I talked to like a lender about. But in your experience, I actually just came from an 18 year career. Actually, I was in tech myself, but I'm now transitioned from a corporate w2 into more, but 1099, what's classified as like a independent company, you know, type of income, what has been your experience with other clients that transitioned from that type? Is it easier? Is it harder to obtain loans? Is there going to be different requirements? 25% does that still stand? Naresh Vissa 42:13 Yeah. So I could give you a full, you know, lecture on this, or something called the housing expense ratio and something called the total obligation ratio. I'm not going to get into those details, because the lenders, I can refer you to lenders, and they can explain all that, and those ratios mean a lot to getting you pre qualified. But what I will say is, unfortunately, if you are 1099, you are at a disadvantage, because it's not steady, consistent income, unless you can show two years of steady, consistent income. I mean, really is the last for your last two years of tax return. So if it's a new 1099, gig, yep, you're gonna have to wait until you have two years of consistent high income. If you've been doing it for a while, then send your last two years. And if it's, you know, if it's looking good, then, then you'll get approved. The other option, and this is, this is not a personal question or anything, but it married couples can go together on one loan. So if this actually helped me out a lot, because my wife is a high income earner, and I have my own business, and my business does pretty well, but if you're 1099 as as you know, there are all sorts of things you can do with your tax return that are completely legal and to where you pay yourself as little as possible, so that you can cut your income tax. So in any case, that's like 1099 workers are a disadvantage for mortgage because all they care about is your pay stub, your you know, how much income did you have? So there were times when I put my wife on the mortgage and she's got a high income, and so you can put a spouse on there, and you can both do it together. Now you're allowed 10 loans per person, so if you want a spouse go on a mortgage that counts, even if it's for one mortgage, one property, that counts as one for each of you. So for two working husband and wife. For a couple where both spouses are working with good income, I say look, you'll want one spouse to do 10 properties and another spouse to do a completely different 10 mortgages. That way you can do 20 combined. Now, if you do it together, then you'll only be able to buy 10 combined because you're older than so 1099, workers. We get that question a lot, and it actually it is a problem, because the standards changed after 2008 so either wait the two years and have your consistent records to show high income, or if you already have it right now, then you can get approved. Brenda 44:54 Got it. Got it. This would be for just conventional loans. What about other loan products? Like, I think I've heard of the DSCR loan where maybe just the rental property would cover, you know, part of the I'm not sure, like, I guess you're guaranteeing that the property will make enough money to cover the payment of the loan. Naresh Vissa 45:12 Yeah, DSCR and loans are hard to get approved. Really, what I should do is introduce you to some of our lending partners. If you're interested. DSCR is meant more so for people who have utilized you want to use those 10 loans first, so because if you go you're going to have a higher interest rate if you go with the deal. So those DSCR loans, or Portfolio loans, are meant for people who have used their 10. Their spouse has used their 10. They've got capital low rolling in their ultra high net worth. So they're fine, okay, just get me another loan. I need the tax benefit. I need the tax break. I'm fine paying a 10% interest. So they'll go for a portfolio loan or a vsdr loan. In your case, first property, your first investment property, first turnkey we want to go for a loan. Brenda 45:58 Got it makes sense. And then another question, so this was about the financing. But another question that I meant to ask earlier is, I know you mentioned, like, you know, I am not like a realtor or anything like that, but how does it work? Like, I'm think about when I'm purchasing a home, personally, I kind of say, hey, I want to three bedrooms, four bedrooms, this many baths. Like, how does that work with you? Like, do I give you criteria of what I'm looking for, or, you know, based on my goals? Do you kind of craft a plan? How does that work? Naresh Vissa 46:29 Yeah, so I actually sent you an email just right before this call it. I think you got the email, and it includes a link to about 20% of our inventory. It's not all of our inventory. That inventory is just there. To get you started to see the types of properties that we have available. We have some constructions and the markets that we cover, again, it's only about 20% of the inventory. If you go to our GRE marketplace, you can see all of the markets that we cover. Your biggest source will be, I send out emails. So your biggest source will be, if I email you, I'll email you like a property. It'll be, Hey, I just came across this deal. It's like, it's my VIP email list. So you'll get my, you know, VIP emails, and that's going to be your, your best source. You also get Keith white holds newsletter, which promotes properties from time to time and and we only promote the best. We there are hundreds of properties we can promote. We only distill it down to the best of the best. So don't think, oh, like, there might be another property that narration knows about. Now we promote through our social media, through my email list, through Keith's newsletter, through the podcast, through the webinars, the best of the best. So that's the best way to to find out, Brenda 47:49 got it your inventory or what you currently right, Naresh Vissa 47:52 and with your permission, I can add you to my VIP email list. If it's okay, yeah, that would be cool. I'll go ahead and add you, and you'll start getting those emails in real time. I only send out an email maybe once every three weeks, so I really only want to send the best of the best. I want to waste people's time. Brenda 48:07 Great. So what if you do send me an email and I'm like, Yeah, I love it. I think this is fits exactly what I'm looking for. Do I email you back? Do I contact you? Like, how do we stay in contact? Naresh Vissa 48:18 So email is the best form of communication, because in real estate and business in general, we want documentation of everything. We don't want any miscommunications. So if you see something you like, email me. I'm available. You have my phone number. You can text me, you can call me, you can email me. I'm very accessible, but email is preferred, because that way it's in writing, and I'll know exactly what you want, the address, everything. So let's say you see a property that you like from an email that you get from Keith or from me, and you email me to say, hey, I'm interested. What are next steps? I will get you in touch with the actual like I said, we're just an education company. I'll get you in touch with the actual builder or the broker or the agent on the property, and they'll be able to answer way more questions than I can answer way more and that that's for anything. If your question is about financing, I can get you in touch with several good, low rate lenders, and they can answer all your questions about financing. Your question is CPA Tax stuff. I can get we have, uh, several good contacts who can help you out there as well. Brenda 49:20 Got it, got it. So then what, what does our communication look like from there? Like, do if I say yes, I want it, then you get me in contact with them, and then I kind of work with whoever it is that has this property. And then hopefully we just close on the property. And that's it, right? Am I understanding that correctly? Naresh Vissa 49:40 Sure? So, so all correctly? Yeah, I'll refer you over to them, and they will, they will take care of you. Should copy me on all emails that way. Okay, what's going on? Copy, you remember, I'm your coach. I'm here to help you, like it's free, so copy to an email so I know what's going on. If there's a problem, I can jump in. In many cases, I hold a leverage over a lot of these. People, if a problem happens, I can step in and say, Hey, treat her better. Or, you know, you should waive this cost, or whatnot. So copy, because the people who get into trouble are the people who didn't copy me on the emails. And many, many time, time just goes by, and then they come with their problem as they Hey, if you came to me a year ago, I could have actually helped you with this. Now, the statutes expired, and it's, it's a complete mess. So always, even after you're done posing on the property and you have a tenant in there and just copy me on me. Brenda 50:30 Got it. Okay, So kind of bring you along the journey. Okay, so let's say I'm at the end, like, do these providers help me? I'm assuming in some of these cases, you've mentioned places that are far from where I live. So do they help provide additional resources, like, who's going to manage my property, or who's going to find me a tenant? Like, could they help me with that? Naresh Vissa 50:51 Absolutely. So the entire point of GRE of this investment coaching program, the entire point is so that you can become what's called a laptop landlord. You can literally live free and have just take a step back and have your properties run on their own. So the idea is not for you to invest down the street and become a property manager and a landlord down the street. It's you can be anywhere in the world. Buy properties anywhere. Like I said, I live in Florida, but by Prop, I've never visited any of my properties. I've never met a tenant. So that's what you want to do, and that's what we help people do. If you want to buy a property across the street and become you can do that yourself. Go through all the loops yourself. We are here to help you invest in Ohio, in Tennessee, in Florida and Texas and all these places that you may not have even visited every other life, but you can still have a very fruitful investment journey. So we set all that up for you, the property management, every all that it's going to be taken care of, so that your hands off. That's why it's called turnkey real estateReal real estate investing. Brenda 51:56 Got it. Okay, sounds good. And typically, how long does this process take? I mean, I'm sure it's different for everybody, but what can I expect, like from beginning, from when I talk to you, to when hopefully I have a property that I'm signing off on? Naresh Vissa 52:12 In some cases, it's literally taken two days. In other cases, it's taken there's not even an answer, because people did end up buying Okay, yeah, so, so, yeah, in in the case of, like, our Memphis burr properties, which are rehab properties in Memphis, I recommend that you watch our burr webinar. I can send that to you after this call, if you'd like. But I had people who watched the webinar talk to me. I introduced them that same day to the provider in Memphis. They talk to their provider in Memphis, and then the next day, they pick the property, and the day after that, they sign a contract. Oh, okay, so it's all about the investor. If you're a serious investor, it can be very quick, like me, I was very serious. That's why I scaled. I bought eight and two and a half years, eight properties in two and a half years. Other people, if you want to take your time, it could, you could literally take your time and never buy any and a lot of people are doing that, because in 2019 they said, Oh, you know what, I'm gonna wait. There's gonna be a crash and this and that. And so they waited, they waited, and prices skyrocketed, and now they said, You know what, I'm I'm priced out of the market, so I'm just not gonna invest in real estate anymore. Brenda 53:16 Yeah, it's that analysis paralysis. I've experienced that. Yeah, yeah, got it. Okay, cool. Naresh Vissa 53:23 All right. So any other questions? Brenda 53:25 No, this is really helpful. It's kind of good to know, like, kind of where you step in and kind of where you hand off, and again, the timeline is different for everybody, but it's kind of good to know that I could literally be standing here two days later and have a property if I want. So good. Naresh Vissa 53:42 Yeah. So as we end this call, next step, so I told you about new construction versus rehab. Are you? Are you interested in both, or leaning towards one or the other? Right now? Just Brenda 53:54 probably the rehabs, because I think, like what you said, I like the idea of the E step into like, let me see how this process goes first before kind of committing a bigger chunk of capital to something larger. Yeah, I agree. Naresh Vissa 54:06 Okay, so here's what I'm going to do as next steps. I'm going to send you a link to the webinar we did for our hottest rehab asset class right now, hottest rehab provider out of Memphis. It's the Memphis Burkey webinar. I went ahead and just emailed that to you. So watch that webinar. It will answer like every question imaginable regarding the provider, how they do their process, the properties, everything. So watch that webinar and then shoot me an email after you're done with the webinar on what you're thinking just you can watch webinar today and you want to shoot me an email right after, just let me know what you're thinking, and we can go from there. I think that's would be the next step. Just watch that webinar, and then we'll, we'll reconnect. Brenda 54:54 Sounds good? Okay, I like that. Naresh Vissa 54:57 Okay, very good. Well, I sent that link to you, and. And that's about it. If you have no more questions like I said, you can add my phone number to your phone book and feel free to reach out whatever you want. Brenda 55:07 will do. Thank you so much. Naresh Vissa 55:09 All right, thank you. It was great. Keith Weinhold 55:11 Yeah, I hope that you found that helpful in making America rich again. Namely, you. Of course, no two coaching calls are the same. Some GRE followers will perhaps have more questions than Brenda did. There. We are here to learn your situation. We know the mistakes you've got to avoid, and we can connect you with the best income property for you across the nation. We really filter it down to the best of the best, and besides being a truly free coaching call, we don't try to upsell you to a paid course or anything like that, because we don't even have any product to sell really. So even if you wanted to buy something from GRE, I don't know if you could, maybe unless you buy a GRE logo t shirt from our website or something like that. So keep all of your funds for the property down payment. As far as now, you can book a coaching call at GREmarketplace.com and select the free investment coaching area. Until next week, I'm your host. Keith Weinhold, don't quit your Daydream. Speaker 3 56:21 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively, Keith Weinhold 56:41 The preceding program was brought to you by your home for wealth, building, get rich, education.com
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