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Welcome back to your favourite Canadian podcast about sensible investing! Today we are focusing on evaluating equity strategies and wondering aloud whether you should be chasing these anomalies, thinking about the costs and turnover, and how these products are being implemented. These are just some of the important questions that can be asked on this subject, and we do our best to cover the most vital points in this episode. We start things off with our customary book review segment, taking a look at Katy Milkman's fascinating new title How to Change and the thesis it lays out on the continuum from now into the future. We then turn to a few interesting and pertinent news stories dealing with the CPP and clarifying the role of fund managers! After the preamble, we get into the main course of today's show and talk about some of the most prominent literature on the subject of equity strategies before laying out some criteria for useful data in this discussion. Our main point can be simplified as such: in the event of selecting systemic equity strategies with hopes of beating the market, there are many additional tradeoffs and costs that should be considered, many more than we even have time here to go through! To close out the show we take on a few questions for our Talking Sense segment and share some somewhat relieving news for our bad advice of the week! Key Points From This Episode: A retraction and re-review of the last episode's book of the week, Effortless! [0:04:26.4] This week's book review of the exciting new title from Katy Milkman, How to Change. [0:06:35.6] A round-up of recent news stories from the WSJ, The Globe and Mail. [0:10:32.2] The surprising results of the Canadian year-end SPIVA scorecard. [0:14:55.8] Investment topic of the week: evaluating equity strategies and the inspiration behind it. [0:17:24.5] The identification of systematic factors; Fama and French's original findings and newer research. [0:21:15.9] Conditions for useful data: persistent over time and pervasive across markets, strong economic rationale, and non-reliance on rising valuations. [0:23:44.3] The two forms of implementation costs that the data needs to survive: implicit and explicit. [0:32:40.1] The importance and impact of taking transaction costs into account for your portfolio. [0:35:53.0] The rough estimations that Ben put together in 2019 for a fund premium regression. [0:38:54.6] The 'what if I am wrong' check; the usefulness of maintaining a healthy level of skepticism. [0:42:22.5] Summarizing today's argument about additional costs and tradeoffs when selecting equity strategies. [0:46:01.7] Talking Sense segment; thoughts on money's purpose, and goals and sacrifices. [0:46:39.1] This week's bad advice! The amazing claims of TFSA maximizer schemes. [0:52:21.0]
Is it possible to hedge your investments against different levels of inflation? This is the question we ask in today's episode, as we run through a variety of different investment approaches and commodities. While the answer may not come as a huge surprise, it is definitely worth the walk-through and getting to grips with what the literature can tell us in each scenario. After rounding up some news and a few reviews relevant to our usual subject matter, we dive straight into this topic, tackling the performance of stocks and bonds, gold, international stocks, value stocks, and more! We also share some general thoughts and questions to ask during periods where inflation is high, before positing our view that there is no single successful hedge against inflation, but rather our usual position of an adjusted and diversified portfolio will serve you as well in this regard as in others. We finish off this episode with a few of our usual quick cards, and this week's disturbing bad advice! So tune in to hear all about what you should know about expected and unexpected inflation and a whole lot more! Key Points From This Episode: The exciting recent decisions around succession that were made at PWL! [0:00:22.4] Ben's review of Greg McKeown's new book Effortless and Netflix's Money, Explained. [0:04:51.7] A quick round up of some big money news from around the country. [0:08:25.2] Reflecting on the recent performance of Wealthsimple portfolios. [0:13:26.6] 'The ultimate inflation hedge'; looking at returns under different conditions through the years. [0:19:50.1] Looking at the performance of stocks and bonds during high inflationary periods. [0:25:04.6] What to do and what to ask in situations with higher-than-expected inflation. [0:32:21.0] Weighing the value of gold as an inflation hedge; 'The Golden Dilemma' and 'The Golden Constant'. [0:39:50.3] The performance of international stocks during a period of high inflation. [0:44:05.8] What the research shows about value stocks and and their relation to inflationary periods. [0:45:55.2] The answer to the question: no perfect hedges against inflation! [0:52:04.7] Today's cards; saving versus spending, and tools versus treasures. [0:55:20.3] Bad advice of the week courtesy of the Investment Executive! [0:56:56.0]
Today’s guest is Professor Robert Novy-Marx, the Lori and Alan Zekelman Distinguished Professor of Business Administration at Simon Business School of the University of Rochester. Professor Novy-Marx is best known for his articulation of the profitability factor and has also done a ton of great work on momentum and low volatility. We kick our conversation off with Professor Novy-Marx’s thoughts on how profitability should inform portfolios. From there we hear why Professor Novy-Marx has a problem with evaluating the performance of a multi-signal strategy the same way that we would a single-signal strategy. He then talks about the trade-off between concentrated versus diversified factor exposure for capturing premiums. Next, we discuss why there is no good empirical evidence that we can time premiums. Professor Novy-Marx makes a great argument for why the regressions people use to say that the value spread works to predict the value premium can't be taken seriously. Our conversation moves to focus on how our guest defines price momentum and what drives it, and the nuances of investing in momentum. We then hear his perspectives on the low volatility anomaly and how profitability helps to explain it. After that, we talk about whether investing in a low-vol fund is a way of accessing value and profitability, and why the five-factor model is a trustworthy factor model for regular investors. In the last part of our conversation, we talk to Professor Novy-Marx about his approach to critiquing other methods before ending off with his definition of success. Tune in for this excellent evergreen conversation. Key Points From This Episode: We introduce today’s guest, Professor Robert Novy-Marx, and his work. [0:00:17] The significance of the relationship between profitability and stock returns for asset pricing. [0:02:45] How the risk-based story around profitability is completely counterintuitive. [0:08:51] The best way to go about using profitability in portfolios. [0:12:34] When to target premiums individually and then combine them after the fact. [0:14:48] How profitability is different from quality. [0:16:26] Risks of building strategies that draw insight from different signals to identify a premium. [0:18:10] The trade-off between concentrated versus diversified factor exposure for capturing premiums. [0:23:33] Whether the recent decade’s run of underperformance impacts Professor Novy-Marx’s view of the value premium. [0:25:10] The vagueness of the equity premium and if it is possible to time premiums. [0:27:58] How Professor Novy-Marx defines momentum and what drives it. [0:32:32] Whether investors should be using momentum in portfolios. [0:38:47] Professor Novy-Marx’s perspectives on the low volatility anomaly. [0:44:19] Whether investing in a low-vol fund is a way of accessing value and profitability. [0:32:32] Why regular investors need factor models and how to choose one. [0:51:58] Whether it is reasonable to pursue factor premiums in a smaller market like Canada. [0:57:45] Professor Novy-Marx weighs in on writing papers that critique other methods. [0:58:44] Why Professor Novy-Marx consults for Dimensional Fund Advisors. [1:01:15] Insights Professor Novy-Marx has carried over from his years as a professional triathlete. [1:01:15] How Professor Novy-Marx defines success. [1:01:15]
Achieve Wealth Through Value Add Real Estate Investing Podcast
Welcome to Achieve Wealth Through Value Add Real Estate Investing Podcast with James Kandasamy. Thank You so much Kent Ritter for having me on your show. The more advanced your passive investing understanding gets, the smarter your decisions become, leading to higher returns and success in achieving your investing goals. Key Points From This Episode: - I will shares details about my successful real estate career. - How I have discovered real estate and why it appealed to me. - The challenge of aligning your investment goals with syndication deals. - Insights into setting your investment goals. - The power of becoming an increasingly sophisticated investor. - How you determine your risk-adjusted returns. - Using risk-adjusted returns to assess how good a deal is. - Hear top advice on communicating with sponsors and other investors. - How passive investors can vet sponsors. - The value of having a vertically integrated investing business. - Unpacking the different types of ‘off-market deals. - Why you’re overpaying for your on-market deals. - What it means to be a conservative versus an aggressive investor. As always, if you have enjoyed the show, please subscribe to the show and share it with your friends. There will be more exciting conversations on the show to come. Never forget to like and subscribe and press the bell icon for more useful videos. ----------------------------------------------------------------------------------------------------------------- Get your copy of James #1 International Best Selling book – Passive Investing in Commercial Real Estate – https://amzn.to/2Ng35KE ----------------------------------------------------------------------------------------------------------------- ☑️ Check out James Kandasamy at
Skewed Factor IPO Investing and Financial Well-being Episode 134: Show Notes. Many IPOs start with a bang, resulting in high first-day closing prices that attract retail investors. Today we unpack new and established research to explore how the hottest IPOs compare with average market returns. We open our conversation by first sharing community updates and details about the book and news of the week. After reflecting on how 2020 was one of the biggest IPO years since 2000, we talk about why IPOs tend to release in waves. We then chat about where IPO allocation usually goes and why most investors aren’t given access to huge early returns. A key insight this episode, we dive into how retail investors impact IPO pricing and why IPO buy and hold returns often trail the market. Following this, we discuss the factors that skew IPO prices, why IPOs resemble lotteries, and whether there is an optimal model for when companies make an IPO. From IPOs we jump into our planning topic on well-being and behavioural coaching. We start by looking into the differences between financial well-being and funded contentment. Linked to this, we talk about other forms of capital that range from human and social capital to temporal capital. We examine the factors that impact your well-being before touching on why you should make decisions while considering all your forms of capital. Later, we debut a new feature and then offer our bad advice of the week. Tune in for another informative conversation on rational investing. Key Points From This Episode: From building battlebots to what they’ve been watching, hosts Benjamin and Cameron catch-up with listeners. [0:00:23] Rational Reminder community updates and added features. [0:02:53] Being a generalist over a specialist? Hear about the book of the week. [0:06:23] Hear our news roundup for the week. [0:09:14] Introducing today’s portfolio topic: investing in IPOs. [0:15:30] Exploring IPO waves, pricing, and why only high-value investors are given IPO offerings. [0:19:54] How institutions and retail investors impact IPO pricing. [0:23:00] Examining the historical buy and hold returns for IPO stocks. [0:25:37] Why IPO stocks might be the “worst of all worlds.” [0:29:31] Research that shows why IPOs are like lotteries. [0:30:48] How ‘skewness factors’ hype up the value of IPOs. [0:34:01] Why waves of companies tend to make IPOs near the same time. [0:37:11] Benjamin summarizes his arguments for and against IPOs. [0:42:54] Introducing today’s planning topic: your well-being. [0:44:22] Financial well-being versus funded contentment and the different forms of capital. [0:47:11] The importance of weighing your other forms of capital when making decisions. [0:51:12] Why high-income doesn’t correlate with higher well-being. [0:53:28] How nationality and social factors affect self-reported well-being. [0:56:54] Consequences from people being generally bad at predicting what will make us happy. [01:00:37] Setting financial goals that consider your well-being and sense of purpose. [01:02:58] How unemployment can affect your well-being. [01:04:26] Why you should consider other forms of capital when saving for retirement. [01:06:30] We answer a conversation card from the University of Chicago Financial Education Initiative. [01:09:30] Hear our bad advice of the week, courtesy of TikTok. [01:12:20]
Paloma Montoya’s work draws visual inspiration from classic cartoons, using her character Lola to play with teen internet culture in a way that is dark but funny too. She was a recipient of the 2020 NRA grant and joins us on the show today to talk about what her work is all about and how she handles the different sides of being an artist. We kick things off with Lola talking about some of her recent projects, making art during the lockdown, and how she copes with the challenges of networking at real-life art events. From there we get to hear more about where the fierce and satirical imagery Paloma makes comes from. Paloma shares about how she came up with Lola from the word ‘LOL’, and draws different grotesquely funny versions of her along with other language abbreviations from online culture. Along with all this, we speak to Paloma about staying true to her childhood dream amongst the pressures of corporate America, the challenges posed by the business side of being an artist, and how best to approach being disciplined about art-making to keep inspiration and sincerity levels as high as possible. Wrapping up for the day, we get into ideas around self-care in a capitalist world that values constant production, and what being a part of the Not Real Art team means for Paloma’s practice and for sticking the middle finger up to all the high art snobs out there! Key Points From This Episode: A reminder to vote; voting for Biden even if you do not like him as a vote against Trump. What Paloma was doing when she found out she was a recipient of the NRA grant. How Paloma’s work has been affected by the lockdowns; productivity, commissions, and events. The last corporate job Paloma did for Converse to celebrate Hispanic Heritage Month. Paloma’s feelings toward Instagram as a social media platform and marketing tool. Anxiety around IRL art networking and whether Paloma is that affected by this. Paloma’s perspectives on her art and how it contains a tension between darkness and satire. What inspired Paloma’s character Lola and her different iterations and messages. Paloma’s journey trying to stay committed to art amongst pressures to get a real job. Art as a transcendental and therapeutic experience for Paloma. Challenges presented by the business side of art and how Paloma copes with them. Keeping inspiration up; how Paloma keeps up with managing routines of creating work. The value of self-care which challenges the capitalist idea of constant production. Believing in gods versus in the power of oneself; Paloma’s thoughts on spirituality. Where Paloma heard about the NRA grant and her thoughts on its name. The snobbishness of ‘high art’ and how the ‘Not Real Art’ name critiques it. Where to find Paloma’s work online to learn more about what she does. What Paloma is busy with right now and some new projects on the horizon for her. For more information and photos, visit here: https://notrealart.com//paloma-montoya
Today’s episode is the audio of a video shoot that Sourdough and Man One recently did at Art Share L.A. Despite knowing each other for 17 years, there are still new stories that come out every time the pair sit down to talk. Man One shares more about his Hollywood encounters, from being cast in stereotypical graffiti artist roles to having his work featured in some major motion pictures, he’s been through it all. He also discusses how rife artist exploitation is and both he and Sourdough share their stories of how people have tried to undercut them throughout the years. It can be so easy when you’re starting out to want to do work for free, but artists should stand their ground both for themselves and for the artistic community at large. By giving your time and work away for free, you devalue yourself and other artists by extension. Stand up for yourself, be firm, and trust in your work. As artists who have seen it all, Man One and Sourdough’s advice is certainly worth tuning in for. Join us today! For more info and links from this episode, just go here: Key Points From This Episode: The story behind Man One’s art feature in The Rookie and other Hollywood appearances. How Man One got his break in the film industry and some of his false starts. Learn how Man One was cast in a Burt Reynolds’ film and why the character had to change. Hollywood has not made enough effort to understand graffiti culture. Man One nearly painted a portrait of Burt Reynolds and his grandson. The downside of Hollywood and how they treat artists. Have integrity and do not sell yourself short! The nature of social media leads people to believe art is free. Never lose your power to walk away. See your art from a brand’s point of view and figure out the price from there. Don’t dwell on gigs you haven’t secured. It's a numbers game, so keep going. Charge a nominal spec fee. Don't do anything for free.
#147 An Intentional Approach to Your Numbers It is a common misconception that numbers are out of a business owner’s control. This pervasive thinking is not only untrue but also lends itself to a passive financial approach. Jeni and Sandy want you, as the powerful entrepreneurs you are, to take charge and be intentional about your numbers. During this episode, they debunk this passivity myth and discuss why it is so important to realize that you have financial agency as well as what you can do once you make this pivotal mindset shift. They also move past the conventional understanding of profit and offer an alternative lens. Profit should be the ultimate goal of every business endeavor, so changing current thinking unlocks unlimited potential. They have used this model to great success in their own businesses and they share these stories today. Ultimately, in shifting thinking about profit and numbers, you change your approach to business entirely. Key Points From This Episode: Why moving from financial passivity to realizing you have agency can fear-inducing. Learn why it is not a good idea to start a business with the ultimate goal of getting a salary. Profit and financial freedom should be the motivators of any business. Women carry their experience as employees over into their roles as business owners. The long game: why it is crucial to have an overarching vision to drive business decisions. Unpacking the conventional understanding of profit and an alternative suggestion. By adopting a ‘profit-first’ mentality, you gain clarity on the tools you need to get you there. Learn how Jeni used a profit-first approach in her family business and how it succeeded. Discover how Jeni and Sandy handled their salaries with Namastream. A look at the suggested percentages of salaries, taxes, and revenue from Profit First. Find out why the snowball effect gives you the psychological momentum to keep going. Words of Wisdom: “When you hold agency for your outcomes, you’re responsible both for your successes as well as for your failures.” “We are not the victim of our businesses.” Links Mentioned in Today’s Episode: Bench — https://soulfulmbapodcast.com/bench Namastream — https://namastream.com/ Joy: Hilma af Klint at the Guggenheim — https://www.youtube.com/watch?v=CHdud9km7bQ Hilma af Klint: Paintings for the Future — https://amzn.to/2MPHz02 Hustle: Profit First — https://amzn.to/37uV1hV
Far too often business owners either fear or dread looking at the numbers or simply find it impersonal and boring. This is not an empowering way to approach your financials and does not have to be the case! Looking at the numbers can become a sacred monthly ritual where you take time to pause and reflect on all that you have accomplished and where you have room to improve. If this sounds like something you’d like to incorporate into your business, today’s show is just for you! Jeni and Sandy believe that what you track grows, not only because these numbers are in your consciousness, but also because you can create systems based on the data you uncover. There is often shame around small numbers, but every business has to start somewhere, so take time to understand and appreciate them. Every lesson the numbers teach you can be put to use to grow your business or make informed choices for how to move forward. Jeni and Sandy share two aspects of tracking numbers. They first talk about bookkeeping, what it is and the bookkeeping tools that they have found most useful for their businesses. Then they move onto a different aspect of tracking – the other metrics they use to measure their business performance. Tracking the numbers puts you back in the driver’s seat and empowers you to make decisions that align more closely with your goals. Don’t fear the numbers, embrace them! Key Points From This Episode: Some of the reasons why what you track will grow. Numbers are simply neutral data and not an indication of your worth. Tracking can be separated into bookkeeping and other kinds of non-financial metrics. Bookkeeping options: do it manually, hire a bookkeeper, or use an online bookkeeping tool or software tool. How to choose a bookkeeping tool based on the specific needs of your business. Insights into some advantages of using bookkeeping software. Discover the specific reasons that Sandy and Jeni love using Bench for Namastream. Learn more about the way that Sandy and Jeni track their sales goals. Knowing your numbers allows for better decision-making and goal alignment. Why it is useful to see differentiated product sales that comprise the total revenue. If you have different products, differentiate goals and allocate energy accordingly. Further expenses that Sandy and Jeni keep track of in their business. Business performance metrics: numbers other than money that matter. Make time to go over your numbers and let it be part of the ritual of running your company. Words of Wisdom: “The more you analyze and understand how you made that first dollar, the easier it is going to be to make your next dollar.” “If you’re not looking at this stuff, you’re really shooting from the hip and making decisions whimsically. And I love whimsy but not when I am talking about my business.” Links Mentioned in Today’s Episode: Bench Accounting — https://soulfulmbapodcast.com/bench Namastream — https://namastream.com/ QuickBooks — https://quickbooks.intuit.com/ FreshBooks — https://www.freshbooks.com/ Stripe — https://stripe.com/ Tezza on Instagram https://www.instagram.com/tezza/ Joy: Tezza App — https://apps.apple.com/us/app/tezza/id1393061654 Hustle: Start Finishing on Amazon — https://amzn.to/2LBeR2n
In this episode, where we dig into everything you need to know about profit and loss statements. Understanding the numbers and margins that our business generates each month can be intimidating—and understandably so—but we are here to tell you why it is actually incredibly empowering to be aware of your finances. Our profit and loss statements and balance sheets give us valuable incremental information that we use to make decisions each and every month in our company. While P&L statements may seem impenetrable, having a clear understanding of what they are telling us makes it SO much easier to make properly educated decisions moving forward. We help you understand the different sections of a profit and loss statement, the difference between gross and net profit, as well as the difference between top line and bottom line revenue today. We also get into the logical progression any new business must take, from requiring capital to breaking even and, finally, to generating revenue. We speak about the side hustle as a strategy to weather during the first few years of starting a business while still earning an income, which helps the prospect seem less intimidating. Our key message today is that it’s reasonable to build a company that, within a few years, is supporting you and your family. BUT is usually does take some time, so don’t sacrifice this amazing opportunity because it doesn’t happen in the first couple of months! Key Points From This Episode: Why understanding profit and loss (P&L) statements is empowering rather than scary. It is OK to not know everything and ask questions as a business professional. An explanation of why a P&L statement is only ready two weeks in arrears. The goals and advantages of the P&L statement: price and expense surveillance. P&L statements and balance sheets are the two most valuable monthly financial documents. How revenue is defined in this conversation: not as accrual but cash-based monthly income. The makeup of a P&L statement (‘revenue’, ‘cost of goods’, and ‘other expenses’) explained. A definition of ‘gross profit’ as ‘revenue’ minus ‘cost of goods’. ‘Net profit’ is ‘gross profit’ minus ‘other expenses’. Why having a lot of gross profit rather than a little is vital. The business owner’s salary is not included in a P&L statement. Focus on making money instead of assessing which items money was spent on each month. Earnings are one’s ‘top line revenue’ while savings are one’s ‘bottom line revenue’. Products which generate top line rather than bottom line revenue are risky but lucrative. Starting a business costs money and just breaking even after the first year is good. Understanding reinvestment in relation to growth trajectory. The value of keeping your business as a side hustle for the first few years. Building a successful business is reasonable but just takes time. What makes the bookkeeping tool Bench amazing and how to use it. The brilliance of the analogue/digital mixture of Bench and its new tool called Pulse. Words of Wisdom: “Numbers and accounting reports are so avoided, but the truth is that this is the most empowering thing you can do.” “You do need to spend money to create a business, period, and in the first year you’re doing well if you break even.” “It’s absolutely reasonable to build a company that within a few years is supporting you and your family. Don’t sacrifice that amazing opportunity because it doesn’t happen in two months.” Links Mentioned in Today’s Episode: Namastream Become an Online Teacher Beta Launch Lab Joy: Bench Hustle: TED Talks: Finance
Welcome back to the show creators and creatives! Today our guest is interior designer, Nina Hiken of Nina Hiken Designs! Nina has a passion for bringing beauty into spaces through the use of color and texture and we chat about client relationships, current projects and the previous career Nina had in education. For Nina, every job is an opportunity to solve problems and unify themes for a client and she is fully focussed on bringing their dreams and personality alive through interior design. We discuss this approach in contrast to signature design styles and why she feels that, for now, she is very happy to work in strict adherence to client needs. She also believes that matching well with clients is imperative to good results, something she has grown to sense early on. Nina unpacks her adoration of color and the tactile, sensory feel of different materials, she also opens up about some of her dream projects for the future! We discuss Feng Shui, societal norms around cleaning up and the effect that our environments have on our headspace. For this and a whole lot more from a wonderful guest, be sure to listen in! Key Points From This Episode: Nina's experience firing a client after early problems that were unsolvable. One of the most exciting projects that Nina has been working on recently. The work that Nina did on Scott's own home and the fun she had on the project. Distinguishing between interior design and interior architecture. Bringing both spheres of the brain into play with interior design. Nina's design language and how she currently focusses on the client first. A sense of matching with clients and being selective of clients and jobs. The importance of play and bringing emotion into whatever is being created. Color and surface materials; how Nina works from these two fundamental points. The influence of public art and beauty on societal mindsets. Nina's career as a teacher and her experiences in the classroom. Feng Shui and the rules of good energy in any space. Japanese practices around school kids and tidying and cleaning spaces. Homogeneity and style coherence in neighborhoods. The advice Nina would give a younger version of herself! Listening to inner intuition and our internal dialogue's clear messages. Spec-work in Nina's field; walkthroughs and communication early on. Nina's use of apps and new technologies in her design work and portfolio. Links Mentioned in Today’s Episode: Not Real Art Conference — https://www.notrealartconference.com/ Not Real Art on Instagram — https://www.instagram.com/notrealartofficial/ Nina Hiken Designs — http://www.ninahikendesigns.com/ Nina Hiken Instagram — https://www.instagram.com/ninahiken/ Rothko — https://www.moma.org/artists/5047 Matisse — https://www.henrimatisse.org/ David Hockney — http://basquiat.com/ Burning Man — https://burningman.org Cradle to Cradle — https://www.amazon.com/Cradle-Remaking-Way-Make-Things/dp/0865475873 Tim Conway — https://www.imdb.com/name/nm0176792/ Houzz — https://www.houzz.com Man One — http://www.manone.com/ Man One on Twitter — https://twitter.com/ManOneArt Scott “Sourdough” Power — https://www.instagram.com/sourdoughpower/
110 Pinks and Blues: Boiler Surging Episode 110: Show Notes Pinks and Blues: Questions From the Nation!, Boiler Surging Nation! Once again, we have a show because one of the members of The Scaling UP! Nation! gave us a topic to talk about. Adam Sites, CWT sent us a voicemail about boiler surging. His frustration was that the water treater always gets blamed. And he’s right, we do. When in doubt, blame the water treater is a phrase that rings true to most of us. However, as much fun as it is to joke about this. I do think we share in the problem of our customers not understanding what it is that we do. As a group, water treaters don’t explain what it is that they do. That leaves our talents to be explained as mystic voodoo and that leads to customers making bad choices when we are not onsite. Join me as I try to answer Adam’s inquiry to the best of my ability. There is no substitution for being there. Since I am not there, I share with you some of my experiences that I have had in dealing with this issue. Do you want to be featured on Scaling UP! H2O with your question? Simply click on the “Leave Voicemail” button on the left side of the our homepage, or go the the show ideas page. Key Points From This Episode: 2019 Last Quarter [0:01:20] Conferences And Seminars [0:03:21] Low Water In Boiler [0:06:45] Water Boiling [0:10:05] Bottom Blowdown [0:13:59] 2 Types Of Valves [0:15:32] Surging [0:21:00] Freebies [0:26:16] And A Lot More! Tweetables: "The solution to pollution is dilution." @traceblackmore #scalinguph2o #scalingup #scalinguppodcast #scalingupnation #PinksandBlues #BoilerSurging #CWT #ASHRAE #AWT #ScalingUPandbeyond "If we don't understand the equipment that we are treating, we could not do our job to the best of our ability." - Jay Farmerie @traceblackmore #scalinguph2o #scalingup #scalinguppodcast #scalingupnation #PinksandBlues #BoilerSurging #CWT #ASHRAE #AWT #ScalingUPandbeyond Links Mentioned On This Episode: Adam Sites on LinkedIn Jay Farmerie on Linkedin
On today’s episode, we cover a variety of topics, such as some tips for DIY investors, highlights from a conference Cameron recently attended, home country investment bias and whether it’s possible to have too much money in your RRSP. We begin first by talking about what DIY investors can do to ensure that they are investing to the best of their abilities. As people who work in investment daily, we often forget how tricky a terrain it can be to navigate if you are not armed with all of the knowledge, so we hope to pass some of it on to you. After that, we move onto the lessons Cameron learned from the Dimensional Advisors conference. We unpack ideas such as why he believes the world is ‘running towards factors,’ how Dimensional is leveraging academic research to inform their work along with some other highlights. Following on from that and picking up on what was spoken about at the conference, we delve into the pros and cons of home country investment bias. In some instances, this bias makes perfect sense, both from a returns and tax perspective and in other instances less so. We take you through some of these scenarios and what they mean for an investor looking to diversify. And finally, in the planning portion of our show, we tackle RRSPs, whether it is possible to overinvest in them, how they compare to other investments and much more. To learn more, join us today! Key Points From This Episode: Our team is growing and we are looking to add some extra positions at PWL. [0:01:32.0] There are many challenges that DIY investors face not having access to professional advice. [0:05:00.0] How to overcome asymmetries of financial knowledge between spouses and within families. [0:07:30.0] Some of the fee-only planners available in Canada that we recommend. [0:08:49.0] Robb Engen’s services and his discount for Rational Reminder listeners. [0:09:42.0] What factors are and why the world is ‘running towards’ using them. [0:12:38.0] Dimensional provides a framework for investing but does not guarantee answers. [0:14:09.0] Has the value-add factor become obsolete? [0:14:55.0] Highlights from Robert Novy-Marx's presentation at the conference. [0:16:18.0] Insights into and trends in the fixed income market. [0:20:31.0] What peer to peer bond trading is and why it has seen such huge growth? [0:21:17.0] All countries in the world, except for one, have a home country investment bias. [0:22:36.0] Factors to consider when deciding how much to allocate to home country investments. [0:23:58.0] Buying and trading costs and taxes are drivers to own more home-country stocks. [0:26:19.0] The difference between tax payable on international versus Canadian stocks. [0:27:50.0] An explanation of unrecoverable foreign withholding tax related to non-taxable accounts. [0:31:50.0] Some of the ways to get around the foreign withholding tax. [0:33:08.0] How the S&P 500 has been performing in Canada over the last ten years. [0:35:29.0] Why we are comfortable having a third of investments in Canada. [0:37:00.0] Is it possible to have too much in an RRSP? [0:39:40.0] Understanding the differences between an RRSP and a taxable account. [0:41:57.0] Which tax conditions make it better to use an RRSP. [0:44:00.0] The conditions under which your OAS will be clawed back. [0:48:07.0] The one exception where you may not want to contribute to your RRSP at all. [0:51:40] This week’s piece of ‘bad advice.’ [0:53:12]
In today’s episode, we are talking all about in-person gatherings and the powerful effects they can have on your online business. As online entrepreneurs, we find that our offline and online identities can become incongruent with one another. This can lead to feelings of isolation, which is why it is so important to connect with like-minded people in-person. Attending live events can often seem like a hassle, but because as humans, we are hardwired for connection, the benefits of attendance far outweigh these perceived obstacles. We love attending these gatherings so much and believe in their power so much that we have decided to organize a retreat of our own in April 2020 in the hills of Santa Fe, New Mexico. Although organizing the event is a great deal of work, it ‘s worth it for the connection and all-round magic that takes place. These events have helped us connect with one another and so many others and we hope to inspire you to attend or even organize a gathering of your own to foster deep and boundless connections. Key Points From This Episode: Some of the benefits of having in-person gatherings. Why these events are gifts of connection and growth. The capacity for in-person connection is much higher than what is possible virtually. Even though we work online, we should place equal importance on our offline lives. Paying for an event puts ‘skin in the game,’ and enhances the richness of the gathering. Work trips are opportunities for busy moms to put your needs front and center. Meeting in person can save time because it offers a dedicated, continuous work period. Some of the details of our 2020 Sante Fe retreat (including a chance to save $200). Links Mentioned in Today’s Episode: Namastream Soulful MBA on Facebook Joy: Ken Burns’ Country Music Documentary Hustle: Gather + Grow Retreat
Today on the show we’re joined by the highly talented Karen Frost who is a television producer, fellow podcaster and spiritual advisor. Karen is a creative executive at JuVee Productions, Viola Davis and Julius Tennon’s production company that is focused on developing the content of marginalized and emerging writers. In this episode, you will hear all about the podcast Drunken Church Ladies, which she co-hosts with her wife and her personal struggles with breaking out of religious traditions to find her own spiritual path. Karen is passionate about redefining God and what it means to be spiritual, fully committed to creating a society that is wholly inclusive and one that can reconstruct ancient ways that no longer serve the greater good of all. She shares about the obstacles she has had to overcome as a queer person of color, the mental shift she had to make to finally get into the entertainment industry and what the spiritual center, Bodhi, meant to her in the process. Some of the other topics we cover include dry counties, filtering through scripts, the massive advancement of the LGBTQ community, the importance of faith and the conflicting voices around climate change. There is a ton of wisdom to get out of this episode, so be sure to join in on the conversation! Key Points From This Episode: Thoughts on drinking wine while podcasting and Karen's show, Drunken Church Ladies. Settling into the podcasting process and Karen's unique segmented structure. Breaking out of religious traditions and the lack of spaces to explore spirituality. Karen’s mission to redefine God and to reconstruct religious narratives. How JuVee Productions helped Karen to find her own voice as a queer person of color. Working with Viola Davis and her role at JuVee Productions. Learning faith in LA's worst economic period! Being introduced to a new way of faith at Bodhi and the essence of what they believe. Realizing that she needed to get rid of internal biases to get into the entertainment industry. Creating stories that are like both mirrors and windows. More about Karen's producer role and how they help artists to develop and refine their ideas. Being sent hundreds of scripts and the criteria for them to warrant a second look. Recording all new ideas, her creative process and why Karen believes in rigorous outlining. Mormons, memberships and, moonshine in dry counties. Diversity and unexpected friendships as some of the best things about spiritual centers. Thanksgiving at Viola’s house and the incredible authenticity she demonstrated. Steering clear of works that perpetuate stereotypes and the kind of narratives to avoid. The massive progress there has been made in terms of LGBTQ rights. Views on the creation of an inclusive country and letting go of what no longer serves us. The importance of patience in the re-birth of the US and why we need antagonists. Climate change, capitalism and the impact that a single person can have. The diverse mentalities and philosophies in the US and the need for new paradigms. Links Mentioned in Today’s Episode: Karen Frost — https://www.revkarenfrost.com/about-karen/ Karen Frost on Twitter — https://twitter.com/revkarenfrost Drunken Church Ladies Podcast — https://www.drunkenchurchladies.com/ JuVee Productions — http://www.juveeproductions.com/ Spirit Uncensored — https://www.spirituncensored.org/ Columbia College Chicago — https://www.colum.edu/ Viola Davis on Twitter — https://twitter.com/violadavis?ref_src Pam Redwood — https://www.smgspeakers.com/team_members/pam-redwood-harris/ Bodhi — https://bodhicenter.org/ Alec Baldwin — https://www.alecbaldwin.com/ Channing Dungey — https://www.linkedin.com/in/channing-dungey-57a47a183/ Jorge Gutierrez on Twitter — https://twitter.com/mexopolis Netflix — https://www.netflix.com/ The Breakfast Club — https://www.imdb.com/title/tt0088847/ Samantha Bee on Twitter — https://twitter.com/iamsambee Big Mouth —...
Welcome back to the podcast everybody, we have another great round-up episode for you where we field questions that you sent in and cover a bunch of things we think you need to hear! We discuss how you should weight your stocks and bonds ratio and times that you could think about changing it, we also talk about index funds, Michael Burry and why his reputation is a bit overstated. Then we get into the different types of risk! We cover volatility, uncompensated risk, skewness, and inflation and help you think about each and the impact that they may have on your portfolio. The conversation then turns to planning, longevity, and sustainability and we talk about how to prepare for your last years cleverly and realistically. Goals are so important when laying out a sustainable strategy and we give you a bunch of questions to ask yourself to make the task a bit easier. We finish off with another edition of last wee's worst advice and this time around we are talking about some questionable actions and remarks from TD Ameritrade. For all this and more, join us on the Rational Reminder, today! Key Points From This Episode: Considering a bond to stock ratio and when you might adjust it. [0:01:22.7] Questions when switching to index investing and what to hold on to. [0:06:04.3] The Michael Burry question and how much index funds affect prices. [0:11:46.0] Risk 101; going through all the different types of risk. [0:18:07.6] Identifying which risk you are actually averse to and the results of this. [0:31:04.2] Planning and annuities; longevity risks and age-related questions to ask yourself. [0:32:48.1] Increasing the sustainability of your investments and the importance of goals. [0:36:46.9] Last week's worst advice! TD Ameritrade's confusing decisions around fees. [0:42:01.8] Links From Today’s Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/ Benjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/ Benjamin on Twitter — https://twitter.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on Twitter — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Larry Swedroe — https://www.etf.com/contributors/larry-swedroe Vanguard — https://investor.vanguard.com/corporate-portal/ Michael Burry — https://www.cnbc.com/2019/09/04/the-big-shorts-michael-burry-says-he-has-found-the-next-market-bubble.html Barry Ritholtz — https://ritholtz.com The Economist — https://www.economist.com AlphaZero — https://deepmind.com/blog/article/alphazero-shedding-new-light-grand-games-chess-shogi-and-go Stockfish — https://stockfishchess.org/ Ray Dalio — https://www.bridgewater.com/leadership/ray-dalio/ Bryan Kelly — https://som.yale.edu/faculty/bryan-t-kelly Philippe Jabre — https://www.ft.com/content/3d07e70c-fefc-11e8-ac00-57a2a826423e Jabre Capital — https://www.jabcap.com/ Bernie Madoff — https://www.investopedia.com/terms/b/bernard-madoff.asp Fama French Five-Factor Model — https://blog.quantinsti.com/fama-french-five-factor-asset-pricing-model/ Alexandra McQueen — https://www.pensionacuity.com/ Alexandra McQueen Episode — https://rationalreminder.ca/podcast/2019/8/15/episode-59-financial-economics-and-annuities-rational-planning-for-retirement Prof Moshe Milevsky — https://moshemilevsky.com Schulich School of Business — https://schulich.yorku.ca Schwab — https://www.schwab.com TD Ameritrade — https://www.tdameritrade.com Jason Zweig — https://jasonzweig.com Wall Street Journal — https://www.wsj.com Costco — https://www.costco.com Raymond James — https://www.raymondjames.com/ Morningstar — https://www.morningstar.com
Today on Convoy Radio we are talking about CB Radios! That's right we are getting down and dirty about Citizen Band and sharing all of our memories and knowledge on the subject. Inside this episode, we discuss radio slang and the code terms used on the airwaves before looking back at the history and origin of the technology and how it has been used over the years. We then dive in to consider the radios' usage in organizing and mobilizing convoys, as well as providing the necessary connection to friends and associates on long journeys. Finally, we finish off the episode breaking down and trying out some combinations of CB slang and try and figure out what each sentence means! Stay tuned to the end hear the definition of a 'West Coast Turnaround'! Key Points From This Episode: The changing weather and the sweet spot in Seattle fall. Childhood experiences with walkie-talkies and tuning into other people's frequencies. The history of the Citizen Band Radio, its inventor and range. Original uses for CB radios and connecting with friends and associates. Organizing a convoy and alerting peers to anything important. CB nicknames and coming up with the perfect alias. Going over some classic CB slang and the way it can fit together. The crossover between slang and code from different industries. Favorite gas stations and deciding where to stop. And much more!
Our guest today is Nicole Lebreux. Nicole is a yoga instructor, a whole-plant herbalist, a mom, and the founder of Nicole Lebreux Yoga and Wellness. One of our Inner Circle clients, Nicole is an inspiring example of what you can achieve when you take action and invest in yourself. She has achieved fantastic results by following the step-by-step process that we lay out in our Beta Launch Lab—our brand new course on how to launch a profitable digital product within 30 days.Rather than come up with excises, Nicole went through the course, got down to business, and made some money! Although she has a smaller email list and a not-massive following on social media, she still had a fantastic launch. We see SO people delaying an online launch because they believe they don’t yet have a big enough following. In this episode, Nicole debunks this myth by sharing her numbers, walking us through her beta launch process, providing tips on pricing, digital product curation, and community interaction. Most importantly, we hear about the massive mindset shift Nicole experienced when she decided to invest in herself and in her business, and the impact this had on her results. Nicole is a force of nature, passion, and enthusiasm—and by the end of this episode, she’ll have you feeling like you can take a chance on yourself and your business too. Key Points From This Episode: Why Nicole was inspired to move into the online/digital space after the birth of her child. Making the shift from working for someone else to working for yourself using an online model. Challenges with adapting to teaching online from a background of teaching in-person. Navigating tech, software and digital strategies and products for your online business. The Beta Launch Lab and how to use it to build a solid foundation for your online business. Using your online and in-person community to help you develop your first digital product. Nicole shares what she built for her Beta Launch Lab course product and how she did it. Why you don’t need great numbers to achieve great success in your online business. From “cart open” to “cart close”: How many sign-ups do you really need? Tips for deciding on how to price your first beta course or program. Where to turn for support and how to take action if you’re not a self-motivated person. Discover how investing in yourself can help you take your business more seriously. And much more! Words of Wisdom: “Everything I have to share, you can find online, but it’s not coming from me. People want to hear it from me.” — Nicole Lebreux [0:20:20] “I didn’t know how powerful investing in yourself is, energetically. Once I did that, it totally changed the game.” — Nicole Lebreux [0:25:50] “I think the investment, at first, is probably the scariest thing if you’re not used to spending on yourself.” — Nicole Lebreux [0:26:30] Links Mentioned in Today’s Episode: Nicole Lebreux Nicole Lebreux on Instagram Journey With Your Chakras Elements of Abundance Beta Launch Lab Namastream Joy: local CSA (community supported agriculture) programs Hustle: Namastream’s Inner Circle Program
As we move into Fall, we honestly cannot wait to get down to more serious work and slide right back into high productivity mode. This is traditionally the busiest time of year for us. School is starting again, colder weather and the end of the year is looming, and it’s time to sip coffee and get down to business. It's the season for more work and there is literally no better time to get down to launching your first, or your new, online offering. These days, online courses have become akin to a business card and clients and students are increasingly coming to expect you to have some kind of dynamic online content. Online courses, membership sites, and group coaching programs can be an incredibly lucrative income stream. In this episode, we lay out the main reasons why now is a better time than ever to get started, so put that fear of failure aside and let's get things rolling! Key Points From This Episode: It is the season of more work! We love getting down to things in fall! Online teaching and using this service as your new business card. Experiential interactions; the trends of web-based platforms. Creating another source of income from your online space. Building a reputation, multiple revenue streams, and a solid audience. It is so affordable to get online and start selling your expertise! The ongoing puzzle and the success that constantly grows with time and effort. The availability of cheap and amazingly useful tools for doing your thing! Taking action to get past your fear of failure and anxieties around starting. Learning and laughing at your failures; the correlation between wins and losses. Our signature beta launch formula and why it is easier than ever to get yourself out there. The timeline for getting to a launch from where you are! And much more! Words of Wisdom: “You need more than just a static presence on the internet, even social platforms are moving towards more experiential interaction.” Links Mentioned in Today’s Episode: Namastream — https://namastream.comBecome an Online Teacher Course — https://www.soulful.mba/teacher Kevin Kelly — https://kk.orgWireless Go — https://www.rode.com/wirelessgo Sweetwater Audio — https://www.sweetwater.com Joy: EmmaClaireShop on Etsy — https://www.etsy.com/shop/EmmaClaireShop Hustle: Beta Launch Lab Checklist— http://betalaunchlab.com/
On this episode of the show, we talk about mindset triggers that may be holding you back from making the kind of money you’re looking to make online. This episode is an important next step in our Women and Money Series, where we share the tough-love lessons we’ve learned about our own mindset traps and how limiting beliefs can drastically affect your ability to make money. We see these patterns, these excuses, these victim mentalities play out all the time online and in this episode, we take the opportunity to address the common thought patterns that get so many of us stuck in a rut. Here, we break down the Top 7 limiting beliefs/excuses we hear way too often:1. I can’t do what everyone else is doing.2. There’s so much free stuff out there...who’s going to pay for mine?3. Not embracing your inner salesperson.4. I won’t be able to figure it out.5. I’m not techie enough!6. Always telling old stories.7. I don’t really believe yoga teachers (or health coaches or spiritual teachers or personal trainers or ______ ) can make money.If any of these excuses ring true to you, we’re going to help you kick them to the curb! Key Points From This Episode: Failure to launch: The two types of dreamers you don’t want to be. Why you need to take action and take a chance on yourself. The comparison game and how to finally stop playing it. Why you should still charge a fair price even though everything already exists for free. Discover how to embrace your inner salesperson. How to actively start believing that you CAN do hard things. Find out why your excuses about technology are not helpful. A shout out to the softer skills: empathy, communication, compassion. How to break the “belief ceiling” and stop telling yourself old stories. The importance of writing a new story and acting on it every day. The value of building a scalable teaching/coaching business online today. And much more! Words of Wisdom: “Keep your eyes on your own page and do the work.” “Saying you’re ‘not technical’ is not a valid excuse. Of course you can do it.” Links Mentioned in Today’s Episode: Soulful MBA — https://www.soulful.mba/ Namastream — https://namastream.com/ Joy: TAXA Cricket — https://taxaoutdoors.com Hustle: Apple Watch — https://www.apple.com/apple-watch-series-4/
On today’s episode, Benjamin and Cameron are talking real estate, specifically mortgage rates and REITs. For the first time since the early 90s, fixed mortgage rates are lower than variable ones, which have always been the popular choice. However, due to the fact that Canada’s yield curve is inverted, short term rates higher than their long-term counterparts. This is not usually the case, which makes it a great time to consider a fixed term mortgage, bearing in mind that it requires some lifestyle considerations. Benjamin and Cameron also provide some insights into the rental property market changes since 2015, with some astonishing figures. They then discuss REITs, which many think should be considered their own asset class. While it is often recommended to have REITs in your portfolio, research is starting to show that you are taking a great deal of risk you are not being compensated for. This means you may be better off investing in other options such as high exposure bonds which bear much less risk. For all this and much more, join us today! Key Points From This Episode: Why fixed-rate mortgages are now lower than variable-rate ones. [0:03:58.0] Interest rates went up, but the shape of the yield curve changed as well. [0:06:25.0] Property prices have almost doubled relative to rent since 2015. [0:07:12.0] What a rental wage is. [0:12:48.0] What a REIT is and the benefits of investing one in your portfolio is. [0:17:05.0] Why the risk of a REIT may not be justifiable. [0:21:01.0] Variable annuity investors routinely outperform mutual fund investors [0:26:23.0] And much more!
In this episode, we discuss the benefits of joining a group coaching program and explain why being part of one can help fast-track your company’s growth. We have both served as students and as mentors in group coaching programs and we have seen the power that comes from working in community. We discuss the five key results we’ve observed within our Inner Circle community, from stress-free decision-making to feeling less isolated and more inspired. A group coaching program can also help you conserve your energy in order to allow you to focus on what’s really important to you. Starting a business is not easy, but being uncomfortable is often where the magic happens. So why not step out of your comfort zone, while being supported and mentored by those who have been through it all before? To learn more about the huge advantages of joining a group coaching program, tune in today! Key Points From This Episode: How groups help alleviate decision fatigue through mentorship and peer learning. How being in a facilitated community can save you time—both long- and short-term. How mentorship and support can help you to fast-track your growth, which leads to quicker financial freedom. How a sense of community helps keeps you motivated. Words of Wisdom: “There is no right or wrong; there are just two decisions that reveal different outcomes. Make the decision, make it quick, and move on.” — Sandy Connery “It’s going to be uncomfortable either way. Choose the brand of discomfort that’s going to give you the result you want.” — Jeni Barcelos Joy: Atomic Habits by James Clear Hustle: On-demand Masterclass
Today on the show we are very glad to welcome Dr. Nina Shapiro, ENT specialist and author of Hype! In our conversation we chat about her book and what inspired a general and popular publication of its kind before getting into some of our guest's experiences and opinions on the medical field at present. We discuss confirmation bias, common health concerns and the attitudes of parents towards health in the modern climate. Dr. Shapiro opens up about e-cigarettes, vaccines, online information and gender bias in medicine too. She shares some of the challenges that come with writing a book, and particularly a medically focused one, why mentorships are so important to young doctors and the troubling advice she offers encounters in her work. We finish off the episode with a few fun questions about wishes, her mission and a question that Dr. Shapiro wants to ask Shree! For all this and more, tune in today! Key Points From This Episode: Confirmation bias, the influence of Google and the inspiration behind the book. Surprising beliefs that are widely held to be true. Reformulating the pyramid of health concerns. E-cigarettes, JUUL products and the effects that Dr. Shapiro has noted. The evolving attitude of parents about their children's wellbeing. The unrealistic debate around vaccines and legal and ethical concerns. Close-knit communities, the speed of outbreak and the importance of education. Lay press, battling fake information and Dr. Shapiro's attitude towards these. The most challenging elements of writing the book. Medical education and mentorships within any program. Shapiro's experience of gender bias in the medical profession. The professional advice Dr. Shapiro disagrees with the most. Shapiro's mission and what gets her out of bed in the morning. The three things Dr. Shapiro would wish from a genie! And much more! Tweetables: “I work in healthcare, I work with patients, I work with families, we’re exposed to a lot of information, all of us, not just doctors, all of us on a daily basis.” — @drninashapiro [0:01:04] “I really felt that there was a dire need to write a book that was as evidence based and as non-biased as possible.” — @drninashapiro [0:01:29] “I take care of very elective problems and I take care of severely emergency, life and death problems and everything in between. And no two days are the same.” — @drninashapiro [0:34:56] Links Mentioned in Today’s Episode: Common Sense Medicine — http://commonsensemedic.com/ Hype — https://www.amazon.com/Hype-Doctors-Understanding-Personal-Decisions/dp/1250149304/ Dr. Nina Shapiro — http://drninashapiro.com Dr. Nina Shapiro on Twitter — https://twitter.com/drninashapiro Dr. Peter Attia — https://peterattiamd.com/ When Breath Becomes Air — https://www.goodreads.com/book/show/25899336-when-breath-becomes-air The Spirit Catches You and You Fall Down — https://www.goodreads.com/book/show/25589791-the-spirit-catches-you-when-you-fall-down How Millennials Became The Burnout Generation — https://www.buzzfeednews.com/article/annehelenpetersen/millennials-burnout-generation-debt-work Digital Minimalism — https://www.goodreads.com/book/show/40672036-digital-minimalism
On today's episode we are so happy to be joined by none other than Barry Ritholtz! As the founder and CIO of Ritholtz Wealth Management, host of the Masters in Business Podcast and regular financial blogger for more than 15 years, Barry is someone we have been dying to speak to on the show and who we have taken loads of inspiration from over the years. We talk to Barry about his own podcast which has been going strong for years now and is just about to reach its 250th episode! He also explains the beginnings of his firm and how his role has evolved in it since it started. From there, the conversation turns to the different parts of an investing philosophy we and Barry pretty much share and we ruminate on the state of the financial industry in US and Canada currently. We all feel that it is surprising that brokerage firms still find business in this day and age, when it has been shown so many times, for an extended period of time to be a far inferior business model for clients. Barry offers some pretty sensible advice on how to pursue financial growth in the long term and shares how RWM approaches client acquisition. For all of this and so much more, be sure not to miss this great episode! Key Points From This Episode: Why Barry feels he has the easiest gig in podcasting. [0:03:17.6] The inspiration behind starting the firm and Barry's day to day work. [0:05:53.9] The RIA model versus the brokerage model in investment firms. [0:12:45.4] How Barry and the firm have chosen to run their business model. [0:16:03] Specific portfolios at Ritholtz and the philosophy behind them . [0:21:18.8] It's no good breaking a record if you crash straight after! [0:28:13.1] How Barry and the firm find customers and the client conversations they have. [0:34:04.2] Behavioral counseling as RWMC's biggest value proposition. [0:42:34.8] Barry's opinions on robo-advisors and the factors to consider. [0:47:06.2] Why are there still commission based advisors in 2019? [0:50:38.9] Things Barry has changed his mind about since starting the firm in 2013. [0:55:09.9] Small cap tilts, lower rates and the longer term vision that is necessary. [1:01:11.1] How Barry defines success in his life. [1:07:01.5] And much more!
Continuing with our women and money series, we are thrilled to share this recent interview with Claire Pelletreau—a Facebook Ads expert who runs a six-figure online business and hosts The Get Paid Podcast. As you may infer from the name of her show, Claire loves to talk about all things money. Once a week, she sits down with entrepreneurs and asks them tough and very personal questions about their businesses. A standout from these episodes is her tradition of asking guests what they pay themselves—a question that most people would admit is quite uncomfortable. In this episode, Claire shares insights about her own business journey and reveals what it’s like to ask her guests about money. We also get into why Claire believes paid ads are so important and how she manages her own success. We absolutely love Claire's work and we both listen to EVERY episode of her show. It is so affirming and enlightening and we are grateful for her contribution to the broader money conversation. Enjoy the episode! Key Points From This Episode: Asking the questions that no one seems to want to ask on a podcast. How Claire started work as a freelancer while employed elsewhere. Finding early guests for the podcast who were comfortable talking about money. Why Claire still gets nervous asking what people pay themselves. Unpacking a particular person's story and looking beyond a snapshot. Claire's younger years, career dreams, and how she came into entrepreneurship. Discovering money mindsets and how important this moment was for Claire's journey. Claire's current money goals; why she is currently focussing on income over revenue. Business scaling and why ads are so essential. Claire's family, friends and social community; their reactions to her success. The divide between online entrepreneurs and the rest of the world. The most surprising elements of hosting a podcast about money. This week's top of mind question round with Claire! Claire's joy and hustle recommendations. And much more! Links Mentioned in Today’s Episode: Become and Online Teacher — https://www.soulful.mba/teacher Namastream — https://namastream.com/ Brooke Castillo — https://thelifecoachschool.com/ Brooke Castillo on The Get Paid Podcast — https://clairepells.com/63/ Nathan Barry — https://nathanbarry.com/ ConvertKit — https://convertkit.com/ Denise Duffield Thomas — https://denisedt.com/ Get Rich, Lucky Bitch — https://www.amazon.com/Get-Rich-Lucky-Bitch-Release-ebook/dp/B00BSG124I Crazy Rich Asians — https://www.goodreads.com/book/show/16085481-crazy-rich-asians Joy: Show Your Work Podcast — https://laineygossipentertainment.libsyn.com/ Hustle: Instagram + Facebook Ads Connect with Claire Claire Pelletreau — https://clairepells.com/ The Get Paid Podcast — https://clairepells.com/category/podcast/
On the show today we are going back to basics, just Cameron and Benjamin going through some useful topics for your financial benefit! We start talking about GIC's and the article on MoneySense that led to this conversation. GIC's have a somewhat mix and match reputation, one which we believe has been often misunderstood and misrepresented. We try to show in which ways people have been misled into thinking that GIC's are the best option when, we believe, they are not. From there we turn to more general portfolio ideas, comparing the performance of the S&P 500 over time and drawing on a very useful study that illuminates the index's limitations. Our last topic for today is around saving for college and RESP's or registered education saving plans. We talk about asset allocation, how to think about starting and best practices when drawing on these funds. We finish off the show with some bad advice regarding dividend investing that actually referenced a video we made! So for all and a bunch more great stuff, be sure to tune in today! Key Points From This Episode: Our recent summer travels and getting away from it all! [0:03:02.4] The article by Jonathan Chevreau that sparked part of today's discussion. [0:05:46] GIC's, long term returns and the financial implications of your choices now. [0:07:15.2] Reasons why returns on GIC's can be misleading in the short term. [0:11:02.7] The S&P 500's performance against other portfolio options. [0:13:56.3] Market drops and risk appetites during panic periods. [0:19:15.2] Saving and drawing on college funds and education plans. [0:22:40.2] Asset allocation and the best way to think about covering costs. [0:27:41.1] Withdrawing funds and making the most of unused college savings. [0:31:21.3] This week's bad advice! An argument about dividend investing. [0:33:30.8] And much more!
As part of our Women and Money series, we’re thrilled to bring you an interview with the powerful and inspiring Emily Williams. Emily is a success coach and the author of the new book: I Heart My Life. Emily teaches women to examine their mindset around money and to do away with the limits we so often put on ourselves. She reveals how our false backstories are holding us back, and she shows us that, as ambitious women, we need to have more conversations about what we desire—including stories and examples that represent successes we can emulate. Emily is such a great example of this kind of success and her fearless attitude is something we can all learn from. Emily shows us that we have such amazing power to transform and mold our very existence through our thoughts, including the amount of money we have access to. Key Points From This Episode: The beginnings of Emily's business, life coaching and discovering purpose. Emily's snowballing experience of starting I Heart My Life. The work that Emily does with women now and how she fell into this role. Day to day to life for Emily and getting started early every morning. Working with her husband—how this all came together and their great partnership. Emily's process and the opening phase with clients; removing denial. Making more money in order to serve more people, more powerfully. Why we should not be worrying about money and creating more space and energy. Holding back, lack of belief, fear and how limiting these feelings can be. The power of envisioning your plans, creating new beliefs and making things happen! Drawing on available resources and spending what is necessary to start a business. The collection of limiting beliefs that hold us back from reaching our potential. Emily's thoughts and tips for pricing; start with your own intuition. Links Mentioned in Today’s Episode: Namastream Software — https://namastream.com/ Soulful MBA — https://www.soulful.mba/ Bulletproof Coffee — https://www.bulletproof.com/blogs/recipes/official-bulletproof-coffee Marianne Williamson — https://marianne.com/ Law of Divine Compensation — https://www.amazon.com/Law-Divine-Compensation-Money-Miracles-ebook/dp/B007HB8EV2 Big Magic — https://www.goodreads.com/book/show/24453082-big-magic Elizabeth Gilbert — https://www.elizabethgilbert.com/ Oprah Winfrey — http://www.oprah.com/index.html Nicholas Sparks — https://nicholassparks.com/ The Notebook — https://www.goodreads.com/book/show/33648131-the-notebook David Neagle — https://davidneagle.com/ Trello — https://trello.com Connect with Emily: Emily Williams — https://www.iheartmylife.com/ I Heart My Life — https://www.amazon.com/Heart-My-Life-Discover-Transform/dp/1788172868/ Joy: The Successful Mind Podcast — https://successfulmind.wpengine.com/ Hustle: Asana — https://asana.com/ p.s. This podcast is sponsored by Audible. Head over to audibletrial.com/soulfulmba to get a free audiobook and a 30-day free trial!
Welcome back to the Less Alone Podcast! We start off with our experiences from the listening challenge then we talk about what it means to be a terrible friend. Last week we talked about how to be a good friend, so today we are flipping the switch to really dig deep and find out what qualifies as being a bad friend. In our conversation, we define one-sided relationships, we look at what causes people to get into unhealthy relationship cycles, and how EMDR can be used to get to the root of your issues. Next, we discover why conflict is not always a bad thing and how to use the rupture and repair technique to communicate in relationships and sort through recurring problems. We also discuss the difference between toxic vs. bad relationships and learn how to set those must-have boundaries by teaching others how they should be treating you. So for an incredible episode on the intricacies of friendship, be sure to join us today! Key Points From This Episode: A shout-out to our listeners and their reviews What we learned and our experience with the “listening challenge” Why children often feel less heard and why it’s important to give them that space Outlining the characteristics of what a bad friend is Understanding what a one-sided friendship looks like Why people often repeat patterns from their childhood in their friendships The benefits of using EMDR to get to the root of a problem Stories of our personal experiences of being a bad friend Why conflict isn’t necessarily bad Understanding the concept of rupture and repair 9 tips for making a true apology Learning to differentiate between toxic and bad relationships Recognizing gut instinct versus fear Implementing boundaries: teaching others how to treat you Practical tips to get out of toxic relationships Awareness challenge: learning to use “I feel” statements And much more! Find the Show Notes and full transcripts for this episode at LessAlonePodcast.com Join the community LessAlonePodcastGROUP.com Please rate, review, and subscribe in your favorite podcast player!
On this episode of the Soulful MBA podcast, we talk about a slightly controversial topic—the value of a wife. We touch on several articles we’ve read recently about the economic benefits for men who have a wife at home (or at least in a position where she is still primarily responsible for childcare and the emotional labor that takes place in families). As feminists and entrepreneurs, we felt that it was important to invite this conversation into our community because there is still so much we need to shift in our culture around gender and the workplace. Do you also wish for a wife—someone to take care of all the details and homework so that you can focus on your career and on building your business? The first article we’re discussing is “70% of Top Male Earners in the US Have a Spouse Who Stays Home”. Another article we’d like to talk about is titled “What ‘Good’ Dads Get Away With”, which is the other side of the coin. You might have a husband who does a lot more than most husbands and fathers, yet you still find yourself being the primary caretaker and filling in all the gaps in your family’s day-to-day life. Either way, women are often financially marginalized by gender roles and these seem to be exacerbated when we become mothers. This conversation affects almost all of us and it has to be acknowledged that it is still largely an unequal playing field. Something’s got to give! Key Points From This Episode: Examples of the silent labor we as women do that we’re not always aware of. How men still have a higher earning capacity in the existing economic structures. The unequal playing field, where men have a different set of opportunities than women. The double pressure on women to be home with the kids while also building a career. Why so many women choose to hold back on their own ambitions. The gender pay gap as a root cause of women staying home with the kids. Drop the Ball and what women can do to change the patterns of unequal burden. Why women often don’t ask for help. Buying your way out of these part-time family responsibilities as a possible solution. And much more! Words of Wisdom: “He can turn off when he comes home from work and I can’t because there are just so many little, minute things that we have to deal.” “Not only do customers expect to pay less for products from women owned companies, but women who launch their own businesses also have a harder time attracting venture capital funding or bank loans.” Links Mentioned in Today’s Episode: Soulful MBA — https://www.soulful.mba/ Soulful MBA on Facebook — https://www.facebook.com/soulfulmba/ Article 1 — https://qz.com/work/1607995/most-men-in-the-top-1-of-us-earners-have-a-spouse-who-stays-home/ Article 2 — https://www.nytimes.com/2019/05/04/opinion/sunday/men-parenting.html Tiffany Dufu — http://tiffanydufu.com/ Drop the Ball on Amazon — https://www.amazon.com/Drop-Ball-Achieving-More-Doing/dp/1250071739 Rachel Hollis — https://thechicsite.com/ SOMA System on Amazon — https://www.amazon.com/SOMA-SYSTEM/s?k=SOMA+SYSTEM
Today we’re talking about a slightly different topic from the usual – used cars. We have Brad Boehme joining us and he is the Dealer Principal/General Manager at MyCar, a successful used cars dealership that has three different locations around the country. Brad shares with us how he got into the industry, how the 2008 financial crisis helped them to start the business, where they source their inventory from and why the profits are in the buying more than in the selling. Client experience is a high priority for them, and he tells us how they approach negotiations with clients and what he advises listeners to consider before leasing or buying a car. Tune in today to learn more about the business of used cars! Key Points From This Episode: An overview of Brad’s education and how he got into the car business. [0:1:46.0] The different roles that taught Brad about remarketing and the ins and out of the trade. [0:02:54.0] Why the financial crisis of 2008 was an opportunity to start a used car business. [0:4:10.0] What volume of inventory they typically have between the three locations. [0:05:41.0] Where they source their cars from and why the buying process is so important. [0:07:23.0] The digital platforms they use to buy and sell and what the process involves. [0:08:55.0] How car dealerships make profits, where the margins are and understanding lot packs. [0:12:12.0] How they approach negotiations with clients and prioritize customer experience. [0:14:57.0] Buying and leasing new cars and how residuals work. [0:16:42.0] Factors to consider when you want to buy out a leased vehicle. [0:20:27.0] Weighing up whether it is best to lease or to buy used. [0:21:35.0] Advice for buying used cars and what protection there is for consumers. [0:24:58.0] The cars that are investments and that have a good growth rate on them. [0:29:42.0] The aspects of the business that are most rewarding to Brad and how he defines success. [0:31:25.0] And much more!
Today on the show, we will be giving you seven tips for creating captivating and impactful social media videos! Video has been the format for social content for years and it shows no signs of letting up. So what better way to master your social media skills than to brush up on your video creation strategy? These tips apply to both live and recorded video, and we touch on video primarily for Facebook and Instagram. It is very important to keep your video content and each individual video within the larger picture of your social media strategy, so be sure to consider your audience and you can reach them in the most appropriate spaces and ways. The tips we run through in this episode include having a clear goal and purpose for a video, deciding on a platform, headline creation, content and message preparation, calls to action, captions and subtitles, and lastly, thumbnail selection. Key Points From This Episode: Making sure you have a clear goal and purpose for your video. Which platforms should you use to share a video? How to create a compelling headline. Outlining your content while steering away from full scripting. Your all important call to action! Captions, subtitles and adding supplementary text to your videos. Selecting an amazing and compelling thumbnail. The joy and hustle for this week! And much more! Words of Wisdom: “You should really consider how a single video fits into your larger editorial calendar.” “You audience is a little bit different everywhere!” “You must drill down and figure out where your people are spending their time and how to reach them best in that space.” Links Mentioned in Today’s Episode: Namastream — https://namastream.com Namastream on Twitter — https://twitter.com/namastream Soulful MBA — https://www.soulful.mba Audible — http://audibletrial.com/soulfulmba Clipomatic — https://www.apalon.com/clipomatic.html Handbrake — https://handbrake.fr Joy: Benro Let’s Go Selfie Stick + Tripod Hustle: The Social Media Video Checklist
In this episode, we take a look at some of the current trends in online business we’re noticing in the Spring of 2019. From Facebook groups to the “new” Pinterest to shifts in membership and subscription model businesses to the rise of nanoinfluencers and IGTV. We dive into five exciting trends that we’ve been noticing, both on social media and in online business in general, over the past few months. We give you our take on what’s working, what’s not, and how you can embrace some of these changes, rather than be overwhelmed by them. By the end of this episode, you’ll have some concrete evidence of the powerful role Facebook groups still play in connecting us, as well as what to make of the new ads that are going to be popping up all over your Pinterest feed! In addition, we take a look at the exciting shifts big brands are taking toward nanoinfluencers and WHY you should consider becoming an early adopter of IGTV. Key Points From This Episode: Why many women are only on Facebook for the groups. Why we still recommend Facebook groups. Pinterest recently went public: what does this mean? What the next wave of Pinterest means for bloggers and podcasters. Why we are getting back in the Pinterest game. Shifts we’re noticing in membership and other subscription model businesses. Why your audience really just wants to connect with you. The rise of nanoinfluencers and how this model works. The benefits of being a nanoinfluencer and how to become one. Why are we seeing so much more IGTV? How Instagram is rewarding early adopters of IGTV. And much more! Words of Wisdom: “If it’s difficult for you to be on social as a business owner, there’s a mindset shift that has to happen.” — @namastream Links Mentioned in Today’s Episode: Audible Free Trial — https://www.audibletrial.com/soulfulmba Pinterest — https://www.pinterest.com Namastream — https://namastream.com/ Namastream on Twitter — https://twitter.com/namastream Tailwind — www.tailwindapp.com/ Obvious.ly — www.obvious.ly/ Soulful MBA — www.soulful.mba/ Soulful MBA on Instagram — www.instagram.com/namastream/ Become and Online Teacher FREE Course — www.soulful.mba/teacher Joy: Felix Gray Glasses — https://shopfelixgray.com/ Hustle: Are You Ready for the Nanoinfluencers? — www.nytimes.com/2018/11/11/business/media/nanoinfluencers-instagram-influencers.html These Women Are Only on Facebook for the Groups — www.buzzfeednews.com/article/annehelenpetersen/facebook-private-groups-online-abuse
The Bad Girls Bible - Sex, Relationships, Dating, Love & Marriage Advice
Today on the podcast we welcome Caitlin and Michael Doemner, authors of Sex Every Day, who are sharing with us some hands-on tips for enjoying sexual intimacy on a daily basis, regardless of busy schedules, kids and periods. They talk about their three-step strategy for practicing frequent intimacy, including how you can communicate your sexual desires in a fun way and what you can do to ensure that both you and your partner are always satisfied. Before you think all of this is unattainable for you as a parent of young kids, hang on a minute! They have four kids of their own and advise you on overcoming the logistics of having regular sex with a house full of small children. Key Points From This Episode The interesting story of how Caitlin and Michael got together. Why sleeping naked is such a natural and effective way to restore intimacy in a relationship. How the menu metaphor can be used to communicate and express sexual needs. The importance of being open to both give and receive. What you can do to maintain intimacy with your partner throughout the day. A quick review of the five love languages and what they each entail. Why it is important for couples to prioritize a woman’s pleasure. What couples with kids can practically do to preserve their intimacy and privacy. Why a period should not be stopping you from giving and receiving uninterrupted pleasure. And much more! Tweetables “It's really hard to be angry with somebody when you're laying full body contact naked with them and in bed.” [0:04:49] “The intimacy and the passion, it doesn’t have to be intercourse …there's a lot of different ways that we can please our partners.” [0:19:45] Links Mentioned in Today’s Episode Bad Girls Bible Newsletter — https://badgirlsbible.com/newsletter Sex Every Day: How to Prioritize Pleasure in your Marriage — http://www.lulu.com/shop/michael-and-caitlin-doemner/sex-every-day-how-to-prioritize-pleasure-in-your-marriage/hardcover/product-23974387.html The Five Love Languages on Amazon — https://www.amazon.com/Love-Languages-Secret-that-Lasts/dp/080241270X Pussy: A Reclamation on Amazon — https://www.amazon.com/Pussy-Reclamation-Regena-Thomashauer/dp/1401950264/ref=sr_1_fkmrnull_1?keywords=pussy%3A+a+reclamation&qid=1555401985&s=books&sr=1-1-fkmrnull Sex Every Day Website — https://www.sexeverydaybook.com/homepage25989259 Sex Every Day on Facebook — https://www.facebook.com/QuotidianCoitus/
The Bad Girls Bible - Sex, Relationships, Dating, Love & Marriage Advice
On the show today we welcome Dan and Dawn Williams, master-slave couple, kink enthusiasts podcast hosts and authors of the new book Living M/S! Our guests unpack their own experiences of discovering their submissive and dominant sides and how they found each other and each other's limits. They explain some basics about the master-slave dynamic and how it fits into the broader world of BDSM and kink play. They explain the important role of trust and the things that are pivotal in making a relationship like theirs work. We talk a bit about the events, parties and activities which they enjoy and Dan and Dawn are so open and honest, explaining the erotic nature of their lives. The conversation also covers, shame, abusive relationships and how sharing stories, using cards and watching porn can help certain couples. Key Points From This Episode Dan and Dawn's awakening to their dominant and submissive sides. A little bit about how their master-salve relationship works. Earning trust and taking responsibility for mistakes. Contrasting Dawns and Dan's average day with other relationships. Parties, dungeons and the BDSM play that the couple enjoy. The parts of play that each of them engage with. Considering the erotic and non-erotic elements of play. Some of the issues of shame related to submission. Comparing a sub-dom relationship with an abusive relationship. The helpful act of sharing naughty stories and porn. And much more! Tweetables “In our case, it happens to be a male led relationship where I happen to be in charge. What that means is that I take responsibility for everything in the relationship.” [0:03:45] “If something needs to be addressed, it’s addressed head on instead of sideways. It’s a very authentic relationship where we’ve decided, what do we want this relationship to be.” [0:11:05] Links Mentioned in Today’s Episode Bad Girls Bible Newsletter — https://badgirlsbible.com/newsletter Erotic Awakening Podcast — http://www.eroticawakening.com Dan and Dawn Email — dananddawn@eroticawakening.com. Living MS — https://www.amazon.com/Living-Masters-slaves-Their-Relationships/dp/1610981952/ The Kink Starter — http://www.eroticawakening.com/kinkstarter/
The Bad Girls Bible - Sex, Relationships, Dating, Love & Marriage Advice
Today on the Bad Girl's Bible we a joined by a very special listener named Jaime, who is here to tell us about how her and her husband turned their marriage around after some very tough times. Early into their new marriage, Jaime's husband started to experience some pretty serious health challenges and after his diagnosis and medical prescriptions became increasingly moody and difficult to be around. This, in conjunction with Jaime's own health and anxiety issues, led to a very difficult time, emotionally and in the bedroom. It took a few drastic changes that happened around the time of a mortal scare for her husband to take the relationship back to a healthy place and into territory that Jaime never even dreamed of. Jaime takes us through their complete history, early dates and the proposal before getting into the troubled period. She talks about how different things are now and the difference in connection she feels when they make love. For all this and much more, be sure to join us today! Key Points From This Episode Jaime's childhood, parents and the atmosphere at home. The first day that her and her future husband met. Proposal, the wedding and the early days of marriage. Jaime's husband's health problems and the first diagnosis. How the medication affected her husband's moods and their relationship. Jaime's own health problems that she was experiencing at the same time. The near death experience that turned her husband's life around. Changing their sex life around and the effect of the Blowjob Bible. How the challenges have strengthened their relationship. The times that Jaime considered giving it up. How Jaime's life has turned out differently to her expectations. The role of her faith in helping her through tough times. Advice from Jaime to listeners in similar situations. And much more! Tweetables “That’s how he is now, he brushes off all the little things and doesn’t let him bother anymore.” — Jaime [0:15:30] “Sometimes it does take something life altering to make you decide that it’s time to change how you live your life and the way you treat other people.” — Jaime [0:16:58]
On the show today we welcome Dave Butler, who is now the co-CEO of Dimensional Fund Advisors. We have a great conversation about a wide range of topics from the beginnings of the firm, to his earliest involvement, how he was nearly in the NBA and the importance of trust and family. Dave takes us on a personal and professional journey in science-based investing, who his biggest influences and mentors are and how he found the path of fiducial advice after a few different careers early on. We discuss leadership, small cap stocks, efficient portfolios and the building of trust with clients as we scan through the last 40 years or so with our guest. Dave shares history and memories on some of the landmark events in the field and Dimensional's story, spilling the beans on his experiences with industry giants such as Gene Fama and Merton Miller. For a great conversation with an open, honest and inspiring person, be sure to tune in today! Key Points From This Episode: How Dave describes Dimensional. [0:02:32.2] Dave's basketball career before finance. [0:03:05.8] A 24 hour transition from sports to business. [0:06:46.7] Leadership, drive and team mentality. [0:09:38.6] The founding of Dimensional and the evolution of index funds. [0:11:32.5] The early days of small cap stocks. [0:17:40.1] Acting in the best interests of the clients and the rise of the fiduciary. [0:21:05.6] The first financial advisor at Dimensional! [0:23:59.0] Dave's own 'aha moment' and joining Dimensional. [0:25:42.6] Independent advice and always acting in the best interests of the client. [0:31:52.1] Building efficient investment portfolios for advisors. [0:35:51.1] Access to Dimensional funds and the indispensability of advisors. [0:37:33.5] Developing the essential element of trust. [0:38:51.1] The expansion of the advisor role over the last 25 years. [0:42:29.9] Dave's relationship with co-CEO Gerard O'Reilly. [0:45:22.4] The incredible experience of working with leading minds in finance. [0:47:50.8] Dave's definition of success. [0:51:38.0] And much more!
The 401K world has always had a big question mark around it. On this bonus episode, Bernard and I discuss the pitfalls of a traditional 401K and how you can take control of your retirement funds to maximize your wealth. Key Points From This Episode: 401k vs IRA, which should you have? How to maximize your retirement match I'm about to graduate college, how should I invest? What 2 things should look for in a service provider Links Mentioned in Today’s Episode: Bernards Website Before the Millions Books: What They Do With Your Money Listen to this book for free! Lifestyle Design App: vCita Free Training: Building A Lifestyle Business Through Real Estate Investing
5 Sales Strategies to Increase Your Revenue, with Meryl Snow. On the show today we welcome sales guru and wedding superstar, Meryl Snow! She has turned her passion for weddings and event planning into a system that can help anyone in our side of the industry to make more sales, get more clients, and bump up their business. We hear from Meryl about how a catering company grew and grew into a multifaceted service through her attention to detail and her desire to deliver the best product to her customers. She stresses the importance of making connections and building relationships, how to use questions to push communications along, and why it is important to keep track of the little things. We discuss the interplay between pricing and value, the pivots her and her company have made, how to display value and differentiate yourself from competition and the best ways to get to know a bride! Meryl has so much great knowledge and experience to share from years in the game and a keen mind for organization and marketing. Make sure to not miss this great conversation! Key Points From This Episode: A brief look at Meryl's history in the industry. The different sectors and pivots Meryl and her company have made. Sales' vital importance to any business! Websites, contact page, pricing and commoditization. Differentiation and showing potential clients your real value. Practices for communication and replying to first contact emails. The four W's of who, what, where and when. Which questions to ask and how to ask them. The bride's Pinterest board details and getting to know them! How corporate relationships differ from private weddings. Financial concerns, storytelling and event cost analysis. Making sure helpers and influencers are present at pivotal moments. Gracefully letting a customer go that cannot afford you. Why the right questions can make all the difference. Venues, caterers and giving your client an estimate of the whole wedding. The think tanks that Meryl hosts. And much more! Links Mentioned in Today’s Episode: Meryl Snow — https://www.merylsnow.com Meryl on Twitter — https://twitter.com/MerylSnows Megan Eely — https://ofdconsulting.com Dubsado — https://www.dubsado.com Meryl Snow Think Tank — https://www.merylsnow.com/think-tank
Today on the show we are joined by Rob Carrick from The Globe and Mail! Rob has been writing about money and investing for almost 30 years and has a wealth of expertise and insight to share on everything from mutual funds to ETFs. In our discussion we cover common questions that Rob encounters, how his views have changed over the years, the parts of his job he has most enjoyed and his thoughts on where we are at right now. Rob comments on the feelings of worry and dissatisfaction that seems to characterize Canadian finances at the moment and talks about the FIRE Movement and lessons for the next generation. For all of this great content and much more, be sure to join on the podcast today! John Robertson's spreadsheet Key Points From This Episode: The most common questions that Rob receives. [0:02:47.8] Rob’s shifting perspective on seeking out an advisor. [0:04:41.5] Why Rob has traditionally enjoyed writing about housing investments [0:07:49.9] The current financial climate and Rob’s take on it. [0:10:14.4] Reasons why current financial worries are justified. [0:13:08.1] The rise in popularity of ETFs. [0:14:50.9] The bad rep that mutual funds have been getting recently. [0:18:37.4] Good practices for parents to teach their children about money. [0:21:42.2] The FIRE Movement and comparing generational attitudes. [0:24:56.6] Rob’s own many practices and who he goes to for advice. [0:30:39.5] How Rob defines success. [0:35:23.5] And much more! For more information or to contact Cameron and Ben, visit pwlcapital.com
The Bad Girls Bible - Sex, Relationships, Dating, Love & Marriage Advice
On today’s show we welcome Dr. Lori Brotto, a Professor in the department for Obstetrics and Gynecology at the University of British Columbia and the Canada Research Chair in Women’s Sexual Health. Lori has also the author of the book, Better Sex Through Mindfulness: How Women Can Cultivate Desire. In this episode we are discussing sexual desire, and how a low desire or lack of interest in sex is by far the most common sexual concern, not only in women but in men as well. Many people struggle for different reasons, both psychologically and socially. Lori helps us today to uncover those struggles and those reasons and step beyond our negative beliefs to reignite our sexual desires through mindfulness. For an incredibly insightful conversation, be sure to tune in to today’s episode! Key Points From This Episode: Hear more about Lori and how she became a sex researcher and sex therapist. Researcher’s findings on reasons why women experience low sexual desire. Why low sexual desire is often confused. Understanding how mood and depression suppresses desire. How your beliefs can impact your desire. Cognitive behavioral therapy and how it can effectively treat sexual complaints. Physical conditions people can have that may interfere with sexual function. A female Viagra solution to fix female sexual arousal disorder, how terrible can it be? Struggling to reach orgasm during sex: whether you’re lacking desire or full of it. How mindfulness can help women and man be more present and reignite desire. Lori share some stories from her book on how mindfulness can be useful. Adopting a regular mindfulness practice and engaging the muscle of the mind. And so much more! Tweetables: “Low desire or lack of interest in sex is by far the most common sexual concern, not only in women but in men as well.” — @DrLoriBrotto [0:04:01] “Negative beliefs in the brain can also stimulate certain brain path ways that interfere with desire and arousal.” — @DrLoriBrotto [0:11:21] “Pretty much anything that impacts hormones has the potential to impact sexual response.” — @DrLoriBrotto [0:14:35] “If you are going to have sex, you may as well show up for it.” — @DrLoriBrotto [0:27:30] Links Mentioned in Today’s Episode: Dr. Lori Brotto — http://www.loribrotto.com/ Dr. Lori on Twitter — https://twitter.com/DrLoriBrotto Better Sex Through Mindfulness: How Women Can Cultivate Desire — https://www.amazon.com/Better-Sex-Through-Mindfulness-Cultivate/dp/1771642351/ University of British Columbia — https://brottolab.med.ubc.ca/about/dr-lori-brotto/
The Bad Girls Bible - Sex, Relationships, Dating, Love & Marriage Advice
On today’s show we welcome Annabelle Knight. Annabelle is a dating, sex and relationship expert along with being a certified couple’s councilor. She’s also written a novel, The Endless Autumn, which has been featured by Cosmopolitan. Annabelle has her own range of sex toys available online and is a resident sex and love expert for online retailer, lovehoney.com. Our topic for today is sex toys. Thanks to Annabelle’s expertise on the subject she is able to share with us just how useful they can be and how they can cause breathtaking pleasure. We’re also talking about getting your partner on board with using sex toys during sex and the different types of vibrators and sex toys available. For an incredibly insightful conversation, be sure to tune in to today’s episode! Key Points From This Episode: Hear more about Annabelle’s background and how she started her own line of sex toys. How sex toys can improve your pleasure, whether you’re alone or with a partner. Annabelle’s favorite sex toys - the cock ring and the vibrating bullet. Advice to people wanting to buy their first sex toy. Why some guys are hesitant about using sex toys during sex. Ways to help your partner get on board with using sex toys. Why using sex toys has nothing to do with how good you are in bed. Different types of vibrators for clitoral stimulation. What to look for when buying a sex toy. Sex toys that are unisex or male specific that men can use. Learn more about prostate play and prostate massagers. Toys to use during sex that can give different sensations. Anal first-timers prep. Main types of lubricant: water based, silicon based and oil based. Using the right type of lube with your sex toys. What to do if sex toys just aren’t for you. And so much more! Tweetables: “Sex toys are like the cherry on the cake so you don’t need the cherry to make the cake tasty but it kind of gives you a third dimension, a little extra something.” — @missbelleknight [0:03:10] “Sex toys provide different type of stimulation and that’s not a better type or worse type, it’s just a different type.” — @missbelleknight [0:07:50] “The end goal for any sex toy manufacturer is pleasure and the better their toys and their products provide pleasure, the more popular they are.” — @missbelleknight [0:18:26] Links Mentioned in Today’s Episode: Annabelle Knight — http://annabelleknight.com/ Annabelle on Twitter — https://twitter.com/missbelleknight Annabelle on Instagram — https://www.instagram.com/annabelleknight/ The Endless Autumn — https://www.amazon.com/Endless-Autumn-Annabelle-Knight/dp/1786939606/ Love Honey — https://www.lovehoney.com/ Cosmopolitan — https://www.cosmopolitan.com/ Aneros — https://www.aneros.com/
The Bad Girls Bible - Sex, Relationships, Dating, Love & Marriage Advice
Joining us today is Dee Dussault, a sexuality coach, Yoga Alliance® certified yoga teacher, the creator of Ganja Yoga, and author of the book by that title. She has taught partner yoga, vanilla tantra, and cannabis-enhanced yoga to thousands of people across the US, Canada, and Europe. She studied sexuality for over a decade and carries an honors degree in Sexuality Studies. Her training was in the tantric tradition of Swami Satyananda of Bihar, India. Dee tells us what got her into tantra and explains that the practice is about much more than sex. She highlights the spiritual value as well as the opportunities it offers to fuel the evolution of our consciousness. She further discusses mindfulness, the importance of slowing down your sexual encounters, and why the edge of your comfort zone is where you want to be. We talk about solo orgasmic experiences, Kegel exercises and the exhilarating dynamic that marijuana can bring to your yoga routine. So tune in to find out how Dee can help you tap into your radiant embodied self! Key Points From This Episode: Some of Dee’s background and how she became a sexuality coach. How tantra facilitates the whole human experience. Why tantra is for everyone, at any time. The relationship between breathing and feeling. What to do when you feel awkward at first. How yoga can lead to arousal and orgasmic experience. The benefits of redirecting genital energy. How energy orgasms can be achieved. How tantric sex helps older people and those with sexual dysfunction. The importance of balancing Kegel exercises with stretches. How cannabis enhances your yoga routine. And so much more! Tweetables: “The idea is in Tantra that our sexual energy is the most potent energy we have as humans.” — @TheGanjaYoga [0:04:05] “Tantra allows the whole range of human emotions and experiences.” — @TheGanjaYoga [0:08:00] “You don’t need a partner to do tantra.” — @TheGanjaYoga [0:08:22] “As you slow down your breath, your capacity to feel increases.” — @TheGanjaYoga [0:09:37] “I recommend people play at the edge of their comfort zone.” — @TheGanjaYoga [0:11:09] “Pleasure is our birthright.” — @TheGanjaYoga [0:22:51] Links Mentioned in Today’s Episode: Yoga Alliance® — https://www.yogaalliance.org/ Swami Satyananda — http://www.biharyoga.net/bihar-school-of-yoga/about-wyc/sri-swami-satyananda/ Dee Dussault — https://www.deedussault.com/ Ganja Yoga — https://www.harpercollins.com/9780062656841/ganja-yoga/ Ganja Yoga on Instagram — https://www.instagram.com/ganjayoga/ Sting — https://www.sting.com/ Sting on Twitter — https://twitter.com/OfficialSting
Digital Marketing in the World of Film, With Scott Zimbler. Today on Not Real Art we are joined by our friend, Scott Zimbler, founder of the Home Brew Agency here in LA. Scott works with some of the most creative people in the film industry and has designed digital advertising content for blockbusters such as The Lego Movie and Fantastic Beasts. We have a conversation about his employment history, including his time at Electronic Arts and Paramount Pictures, and we discuss how the design landscape has changed over the last few years. Scott tells us about being one of the early advocates of the Internet in the 90s, navigating the power struggle between game designers and marketers and why he believes marketing is in his DNA. In talking about his company, Scott reveals a profound commitment to art and authenticity and establishing a healthy home-work balance for his employees. He shares about the importance of trust, instituting sabbatical programs and building into the career development of his staff members. Tune in today to find out more about Scott and his industry-leading business! Key Points From This Episode: Why Scott decided to start his own company His frustrations with working for advertising agencies What makes Home Brew Digital Agency unique How he introduced digital marketing to some of the big names His big break with Titanic! What he did for Electronic Arts The necessity of social media marketing How CPG companies teach you the value of a strategic approach Why marketing is harder than ever The importance of having a strong account team A few of their runaway success campaigns Being an employee-friendly company How Scott views his role in the company Who their biggest competitors are How design has evolved over the last few years The importance of investing in employee career development Links Mentioned in Today’s Episode: Scott Zimbler on LinkedIn — https://www.linkedin.com/in/scott-zimbler-5612106/ Scott Zimbler on Twitter — https://twitter.com/szimbler?lang=en Home Brew Agency — https://homebrewagency.com/ Home Brew Agency on Instagram — https://www.instagram.com/homebrewagency/ Indiana University — https://www.iu.edu/ California State University Northridge — https://www.csun.edu/ America Online AOL — https://www.aol.com/ Paramount Pictures — https://www.paramount.com/ 21st Century Fox — https://www.21cf.com/ Apple — https://www.apple.com/ Electronic Arts — https://www.ea.com/en-gb James Cameron on Twitter — https://twitter.com/JimCameron Procter and Gamble — https://us.pg.com/ The Blacklist on NBC — https://www.nbc.com/the-blacklist The Lego Movie — http://www.thelegomovie.net/ Fantastic Beasts — https://www.fantasticbeasts.net/ Warner Brothers — https://www.warnerbros.com/ Happy Death Day 2 — https://www.warnerbros.com/ Universal Studios — https://www.universalstudioshollywood.com/ McKinsey & Company — https://www.mckinsey.com/about-us/overview Boston Consulting Group — https://www.bcg.com/ George Lucas — https://www.imdb.com/name/nm0000184/bio Wiz Khalifa — http://www.wizkhalifa.com/ Man One — http://www.manone.com/ Man One on Twitter — https://twitter.com/ManOneArt Scott “Sourdough” Power — https://www.instagram.com/sourdoughpower/ Not Real Art Conference — https://www.notrealartconference.com/ Not Real Art on Instagram — https://www.instagram.com/notrealartofficial/ Hueman — http://www.huemannature.com/ Logan Hicks — http://workhorsevisuals.com/new/ Jorge Gutierrez — http://www.super-macho.com/ Man One — http://www.manone.com/ Netflix — https://www.netflix.com/za/
Today we are joined by a friend, hero, and a legend in the field fact based investing. Larry Swedroe is here to discuss his latest book, some of the timeless concepts he has been espousing for many years, and to give out a few golden nuggets of advice for your finances and retirement. Larry is so generous with his time and wisdom and we chat about a ton of chapters from his book, Your Complete Guide to a Successful and Secure Retirement, and he picks out a few ideas to focus on here in this quick discussion. Larry shares the biggest mistake he has noticed in retirement planning, lifestyle considerations moving into the final stages of life, estate transfer, underperforming stocks, and more! We draw on Larry’s wealth of experience to get some perspective on more current trends in the industry such as the fixation on costs of advisors and we finish off hearing from Larry about how he defines success as he nears the end of his professional career. For all this and more, be sure to join us for an extra special episode! Key Points From This Episode: The four horsemen of the retirement apocalypse. [0:03:03.4] Larry’s pick for the biggest mistake made in retirement planning. [0:06:32.9] Non-financial considerations for those heading into retirement. [0:09:22.7] Day to day preparations for finding meaning in the retirement years. [0:13:04.5] Why it is important to expose yourself to independent risk factors. [0:15:34.6] Understanding the reasons for never actually avoiding factors. [0:26:53.9] How to avoid losing assets during the transfer of an estate. [0:29:16.4] Taking underperformance into account when considering your investments. [0:32:58.3] Looking at the financial industry’s shift in focus towards costs. [0:37:06.1] Larry’s own definition of success moving into the end of his career and retirement. [0:41:55.1] And much more! For more information or to contact Cameron and Ben, visit pwlcapital.com
Today on the podcast we are very excited to welcome Brad Steiman who is the Canadian Head of Financial Advisor Services for Dimensional! This is an episode we literally cannot wait to share with our listeners as it is jam packed with really useful information, history, and inside scoops on Dimensional and what has helped them get to where they are today. As huge fans and associates of DFA this is the type of conversation we have been hoping to have for quite some time and hope you are as excited as we are. In our discussion, we cover Brad’s early career and how he became involved and employed by Dimensional. From there, Brad gives us some great insight into the important early events that shaped his and the companies trajectories as well as laying out the vital characters in DFA’s story. We also get into some of the ideas and the ethos that underpins the work done at the company, particularly around research, findings and implementation. For all of this and host of other interesting subjects be sure to join us for this episode! Key Points From This Episode: Brad’s initial attraction to working at Dimensional. [0:01:45.5] The college years and the following epiphanies. [0:02:37.9] Why Brad did not look at his early paychecks at Dimensional. [0:06:29.3] How David Booth preempted the evidence-based approach. [0:08:53.1] Dimensional’s continual approach to new research and data mining. [0:14:55.5] The criteria Dimensional apply when assessing findings. [0:17:26.9] Brad and Dimensional’s philosophy when it comes to stock momentum. [0:20:41.1] The implementation strategy at Dimensional. [0:25:51.1] ETFs versus mutual funds and Dimensional’s decision in this battle. [0:28:05.1] Dimensional’s unique approach to working with the advisor community. [0:30:51.5] Three of Brad’s favorite stories from his time at the company. [0:32:49.6] Brad’s science based approach to happiness! [0:37:34.1] And much more! For more information or to contact Cameron and Ben, visit pwlcapital.com
In this episode of the Rational Reminder Podcast we welcome Robin Powell. Robin is a journalist and content creator who has dedicated the more recent part of his career to helping spread the word on research backed investing and turning the tide on the history of investment advice. For Robin, this all came about from an assignment he was working on and the feeling of shock he experienced when he discovered the wealth of information that is available to investors but how it is shielded by the majority of investment advisors. Robin explains these experiences and why we still see this in today’s marketplace. He chats to us about the films he has produced on the subject and the great characters and thought leaders with whom he has met. Robin is kind enough to open up about his thoughts on the future of investing, regulation and his hopes for the spread of this information. For all this and more, be sure to join us! Key Points From This Episode: Some of Robin’s background and previous work experience. [0:01:40.6] Why Robin started spreading the evidence based investment message . [0:02:38.9] The experience of speaking with industry leaders to make a documentary film. [0:04:07.7] The impact of this and the subsequent films Robin has produced. [0:05:44.0] Robin’s perspective on the Canadian financial industry. [0:06:57.8] The impact of the change of rules for financial advisors in the UK. [0:09:21.6] The effect of RDR and claims about reduced access to advice. [0:12:24.2] Difficulties in sharing information and changing people’s minds. [0:15:06.0] The role of the press in this dynamic and whether it can change [0:16:52.2] Robin’s favorite interviews and encounters over the years. [0:18:07.4] Looking to the future of the financial industry. [0:19:53.5] Considering the role of the human financial advisor with the rise of robo-advisors. [0:21:40.1] Robin’s own measure of success in his work [0:22:59.9] Regulation in the pursuit of changing the approach of advisors. [0:24:28.9] And much more! For more information or to contact Cameron and Ben, visit pwlcapital.com
Welcome to this holiday edition of the Rational Reminder Podcast. Today on the show we have a special treat for you. A little while back, Cameron made an incredible connection with our guest, David Goetsch. David is a writer and the Co-Executive Producer of the Big Bang Theory. David himself subscribes to our investment philosophy and he is passionate enough about it that he speaks about it at conferences every now and then. He is truly a fascinating guy and the impact that this investment philosophy had on him is unreal. Inside this episode David shares with us how he used to a be a self-described worrier who worried about every little thing in his life. But once he had his eyes opened up to this philosophy, it changed him forever. He now embraces uncertainty, he embraces risk, he is not worried about his portfolio at all, and it has given him a great amount of peace in his life. For an incredible conversation with an absolutely changed man, stay tuned to hear it all! Key Points From This Episode: How David’s financial advisor changed his entire life. [0:02:46.3] What it means to become a transformed investor. [0:08:32.1] The greatest impact that David’s philosophy had on his life. [0:10:19.7] David’s relationship with his financial advisor; meetings, and guidance. [0:14:03.6] How to think about the fees you pay your financial advisor. [0:16:11.1] David’s miscalculation of risk in his life; moving to Hollywood. [0:22:36.0] The journey of David’s career as writer in Hollywood. [0:27:17.3] Schedule and writing process of the Big Bang Theory. [0:34:23.1] How David defines success and happiness in his own life. [0:37:43.0] The story of when David got check 1 of 104 from Big Bang Theory. [0:39:51.8] And much more! For more information or to contact Cameron and Ben, visit pwlcapital.com
This week on the podcast we are starting to wrap things up for the year, doing some house keeping and looking back at recent trends in the market. First of all we talk a bit about the podcast going forward and have a few comments on ratings and reviews. We also look at some of the upcoming content you can expect early next year! We chat about the client survey we recently held and what the data from this tells us. From there we move into more general information on the relationship between risk and profitability and try and explain why they are so closely linked. We also get into the market’s performance this year and the apparently bad year it has had. This exploration is located in the broader context of historical data and evidence based investing strategies and we try our best to show how a bad year like 2018 is not a reason to be reactive in you investments. For this and more, join us today! Key Points From This Episode: The first critical review of the podcast. [0:01:52.3] Some of the upcoming content for the new year. [0:02:52.0] The recent client survey which we completed. [0:04:56.3] Interesting data that we collected during this survey. [0:07:02] The blog post from Michael James about our chat with Glenn Cooke recently. [0:08:57.8] How is being profitable riskier? [0:12:39.9] Behavioral explanations for factors and market timing. [0:15:10.7] The market this year and how it has dipped. [0:16:13.3] Comparing this year’s downturn with 2008. [0:17:38.6] This generation’s investors and risk seeking. [0:21:04.7] Understanding standard deviation in this context. [0:22:58.3] The potential impact of social media on markets compared to 2008. [0:26:02.4] The human bias towards action when in danger. [0:27:12.8] Don’t leave your seat to get a hot dog! [0:29:04.2] And much more! For more information or to contact Cameron and Ben, visit pwlcapital.com
Welcome back to The Rational Reminder Podcast. Today we are joined by Glenn Cooke. Glenn is a fixture on the personal finance Canada sub-Reddit and spent many years as the President of Lifeinsurancecanada.com, which is an online platform for insurance information. Today, Glenn is the President of Insurance Squared where he works with market research departments at life insurance companies and shows life insurance agents how to generate leads online and sell non-face to face. Glenn has a very matter of fact, rational approach to insurance and that’s what we talk to him about in today’s episode. He shares with us about the mistakes he commonly sees in insurance, especially the fact that most people way under buy the amount of life insurance that they truly need. Glenn also describes permanent insurance, what it is, when it makes sense and what situations it is best suited for. We hear about when it’s important to use investments versus not and as long as consumers stick to those basic rules, it’s hard to go astray. So for an incredible interview, keep listening to hear more! Key Points From This Episode: Over the phone and online - why that approach worked so well for Glen. [0:02:24.0] Understanding field underwriting. [0:03:17.0] Why some people are hesitant buying insurance online and prefer in person. [0:06:27.0] Most common questions people are asking when buying insurance. [0:07:27.0] Mistakes people are making when buying life insurance. [0:07:56.0] Justifying how much you need. [0:09:31.0] How disability insurance ties in very closely to life insurance. [0:10:34.0] Settling for group disability insurance through your employer. [0:13:23.0] What is permanent life insurance and where would it make sense. [0:15:25.0] Two general categories of permanent insurance. [0:19:30.0] Glen’s views on critical illness insurance. [0:21:0] Three ways you can use life insurance. [0:25:46.0] Ways you can get money out of your insurance policy. [0:28:08.0] Glen’s observation about financial literary in Canada. [0:32:05.0] And much more! For more information or to contact Cameron and Ben, visit pwlcapital.com
Key Points From This Episode: • Learn more about Joe Slowik and his non-traditional CS Background.• Joe gives his overview of the current thought around industrial controls.• Find out how we defend industrial control systems today.• How can attacks be actualized to impact an ICS environment?• Script locking and reevaluating credential storage and credential use.• Adopting a strategic perspective and designing network defense.• Discover more about the Perdue model and what this means for defense.• Tackling the misconception that the attacker only needs to get it right once.• Who are getting industrial control systems right and what to aspire to.• Why we need to develop a more analytical approach to threat behavior.• How to empower individuals to respond and react to threats as they arise.• Learn more about the Dragos company motto of safeguarding civilization.• And much more!
The One with the 2018 Association of Water Technologies President, Marc Vermeulen Episode 30: Show Notes. On today’s show we talk to the 2018 president of the Association of Water Technologies, Marc Vermeulen. Marc tells us about his life from becoming a water treater to becoming the AWT president. We will also learn about specific items that you can take advantage of that the AWT is offering this year. AWT Technical Training: If you have listened to the show before, you know that I am proud to be a training with AWT for the Technical and Fundamental trainings. This episode talks specifically to what is offered at the seminars as well as how to get the most out of the seminars. Pinks and Blues: This segment of Pinks and Blue deals with a set of questions, not just one or two, around pH meters. I have complied a list of about 12 different and similar questions and talk about the pH meter to try to answer them all. We will talk about proper meter care, calibration procedure and many more items around the pH meter. Take a listen. Key Points From This Episode: 00:05 - Introduction 00:55 – AWT Technical Training Seminars 14:20 – Interview with Marc Vermeulen Introduction 16:10 – About Marc 17:40- CWT Certification 21:45 – International Business 23:55 – Biggest water treatment victory 24:43 – Biggest water treatment hurdle 26:11 – AWT presidency 28:42 – AWT board meetings 29:55 – AWT – technical 32:10 – Pure Water for The World 39:15 – AWT 2018 40:47 – AWT volunteers 43:20 – What one thing should we know about AWT? 44:50 – Lightning Round 51:35 – Pinks and Blues (Listener Questions) 52:45 – pH meter calibration 1:07:17 – How long should a probe last? 1:08:55 – What is the best pH meter? 1:11:07 – The necessity of a pH meter 1:12:21 – Alkalinity vs. pH meter 1:13:55 – Closing statements And much more! Links Mentioned in Today’s Episode: Scaling UP! Nation! Linked IN Group - https://www.linkedin.com/groups/12074848 Marc Vermeulen Linked IN – https://www.linkedin.com/in/marc-vermeulen-20416721/ Hawkstone Solutions – http://hawkstonesolutions.ca/ CWT Tips – http://scalinguph2o.com/cwt AWT Certification(CWT) - https://www.awt.org/certification/index.cfm AWT Technical Training = https://www.awt.org/education_events/technical_training.cfm AWT Technical Training Booklet - http://www.awt.org/pub/0d1c4ef7-afef-94eb-dc75-2286998dba10
If you've ever had high hopes about how good your sales were going to be… and then had those hopes destroyed by little to no results? **Get the shownotes: Fizzleshow.co/242** So often we see business owners who get super excited about launching a new product or service, and they have high hopes about making those sales. They then proceed to put it out there, push it to social media, email their list, and give something away for free thinking that this is going to be “the thing” that lands them a ton of sales. But instead, they are met with disappointment and little to no sales at all. So why does that happen? It happens all the time — we think our sales efforts are going to have bigger results than they actually get. Why? Because we haven't yet learned how to make the sale happen NOW. It's simple stuff, but many fresh entrepreneurs still haven't learned how to do it. Today on the show we talk about: making the sale, how to avoid the post-launch disappointment, and the three essential elements for getting someone to take action and purchase what you have to offer, today! Inside this episode, we dive into the common scenarios that business owners face when launching a new product or service and why things go so terribly wrong despite having the greatest of intentions for their success. We also discuss the three ingredients that are necessary for getting someone to buy right now — the essential things that you might be missing your sales efforts. There are things you have to do to get someone to actually make the sale. It is not enough to simply put in the effort and commit to the hustle. It is absolutely key to nurture your audience, warm up your leads, and give them a reason to buy and a reason to buy right now. Enjoy! Key Points From This Episode: Most common examples of failed launches that most business owners face. [0:03:32.0] The deflating mental state that is experienced after an unsuccessful launch . [0:07:38.0] Common misconceptions of having a big email list; will they buy? [0:11:10.0] Understanding if your email list subscribers are qualified to buy your offer. [0:16:06.0] Allowing your email list to get to know you better before asking them to buy. [0:18:42.0] Why you should not “catfish” your customers; avoiding the bait and switch. [0:21:16.0] The process of qualifying a lead and identifying those who are interested. [0:23:31.0] Identifying your buyers who are either warm or cold. [0:26:59.0] Channels to use got warming up a lead and nurturing a lead. [0:32:31.0] Understand the concept of selling vitamins versus painkillers. [0:37:00.0] Creating an urgency to purchase by using a launch model instead of an ever-green model. [0:39:01.0] Why their reason to buy is based on how well you have nurtured your audience. [0:49:11.0] Provide enough details about your offer to debunk the myths and objections. [0:54:50.0] Links Mentioned in Today's Episode: A Toolkit for Indie Entrepreneurs — https://fizzle.co/toolkit Fizzle on Twitter — https://twitter.com/fizzle FreshBooks — https://freshbooks.com/fizzle Storyblocks — https://www.storyblocks.com/fizzle Henry Rollins on The Iron — https://chasereeves.net/2013/henry-rollins-on-the-iron/ Think Traffic — http://thinktraffic.net Defining Your Audience Course — https://fizzle.co/library/defining-your-audience 5-Week Free Trial — https://fizzle.co/try5 Daily Direction Journaling Course — https://fizzle.co/courses/journal Start A Blog That Matters — https://fizzle.co/sabtm
Today’s episode is another Audacious Life Lesson — tips, tricks, ideas, and thoughts about things that I’ve learned in this life. It’s short, it’s sweet, and it’s all about purpose! Do you ever feel like life is just running away with you? Like you’re running on auto-pilot? We often have to remind ourselves why we do the actions we do and ask ourselves, “What purpose does this serve in my life?” Today’s topic is about doing things on purpose, where I’ll cover the following four key aspects: 1) living each day on purpose, 2) doing our work on purpose, 3) shining on purpose, and 4) pausing with purpose. It's important to be conscious in our actions and ensure that everything we do helps us get closer to a greater goal. It’s about reflecting on each day, celebrating our triumphs, and taking the time to pause and look after ourselves and others. If you’re looking to take back control of your life today, this is the perfect episode for you. Put your shoulders back, sit up tall, take a deep breath, and have a listen! Key Points From This Episode: What it means to live each day on purpose Why each purposeful act is so important Taking the time to do a 10-minute brain dump Using each action to get closer to a bigger goal Working on purpose to move forward Give yourself permission to shine unapologetically Let yourself shine so others can do the same Pause on purpose: allow yourself a moment to stop. Why everybody should take a self-care Sunday The value of writing your thoughts down Tweetables: “Every action, everything that we do throughout our day, should be done on purpose.” — @TheRobinWSmith [0:00:55.0] “Writing it down is the key to looking at the big picture and being able to create your actions with purpose.” — @TheRobinWSmith [0:05:55.0] “You’re allowed to shine. You deserve to shine. Let yourself shine.” — @TheRobinWSmith [0:07:05.0] Links Mentioned in Today’s Episode: Robin Wilkins Smith's Audacious Life Podcast Robin Wilkins Smith Website Robin Wilkins Smith on Twitter Robin Wilkins Smith on Instagram Robin Wilkins Smith on Facebook
If you are stuck in the romantic notion of what it looks like to create a business and you need some motivation to stop running away from the hard work, you're going to love this episode. On today's show we are joined by none other than Justin Jackson, who went from having a day job to being a successful author and creating 100 projects in one year, all to show that it is possible for you to become an indie entrepreneur (even in Canada!). Justin is the founder of MegaMaker, where he advises software, SaaS, and digital product companies. His books, Marketing for Developers and Jolt have sold thousands of copies, and truly saved him from bankruptcy. On his blog and in his podcast he focuses mainly on topics like product marketing, helping entrepreneurs and software companies around the world. Inside this episode Justin shares his experience of pursing his indie entrepreneur dream and how he got caught up in the romantic fantasy of what it's really like to start a business. Justin gets vulnerable, revealing that his initial motivation for creating 100 projects in a year was to impress others and get approval from celebrity entrepreneurs, instead of doubling down on what was already working for him. Plus, he gets super real with us about how you absolutely cannot avoid the hard work that entrepreneurship requires. Show Notes & Conversation: FizzleShow.co/241 (http://fizzleshow.co/241) Key Points From This Episode: Why Justin could not have been an indie entrepreneur without a strong network. [0:03:32.1] The turning point that opened up the possibility for Justin to quit his day job. [0:06:30.1] An overview of Justin's books, and whether or not they are right for you. [0:09:36.1] A single blog post that put Justin on the map; This is a webpage. [0:10:124.1] Justin's journey of creating 100 projects in a year. [0:14:50.1] Learning not to get caught up in the romantic fantasy of being a business owner. [0:25:44.1] Identifying your motivations behind starting a business; do they align with your values? [0:29:29.1] Biggest lessons Justin learned from his challenge of creating 100 projects in a year. [0:36:39.1] Why we get caught up in the idea that “the grass is greener on the other side”. [0:46:39.1] Recognizing that you have to lean in to your discomfort, fully owning your story. [0:49:02.1 Understanding that the beginning stage of every business is difficult. [0:55:19.1] Links Mentioned in Today's Episode: A Toolkit for Indie Entrepreneurs — https://fizzle.co/toolkit FreshBooks — https://freshbooks.com/fizzle Justin Jackson — https://justinjackson.ca/ Justin on Twitter — https://twitter.com/mijustin Mega Profitable — https://megamaker.co/profit/ MegaMaker — https://megamaker.co/ Marketing for Developers — https://devmarketing.xyz/ Jolt — https://justinjackson.ca/jolt/ Product People Podcast — http://www.productpeople.tv/ Build and Launch Podcast — https://buildandlaunch.net/podcast/ MegaMaker Podcast — http://podcast.megamaker.co/ This is a Webpage article — https://justinjackson.ca/words.html Jason Zook — https://jasondoesstuff.com/ Heroku — https://www.heroku.com/ Peter Levels — https://levels.io/ Jeff Sheldon — https://shop.ugmonk.com/ Tobias van Schneider — http://www.vanschneider.com/
Today on the show, we welcome Jessica Upchurch. It’s hard to sum up Jessica in one simple package but she is the most genuine, giving, intelligent and gorgeous woman — the full package! Jessica describes herself as a “collaborator, a catalyst, and a conversation ready to happen.” She is an Ambassador for Sustainability at Virtuoso Travel, where she gets to travel around the world and meet people from all walks of life. With a Master's Degree in Community Health and an in-depth knowledge of alternative modalities, holistic healing, and yoga, Jessica has an impressive background in instructional programs and biometric testing with the Cooper Institute, the FAA, the U.S. military, and numerous Fortune 500 companies. Today on the show, we hear Jessica’s story: her journey to self-love, authenticity, and why women need to come together, feel their feminine energy, and cultivate healthy conversations. Key Points From This Episode: Who is Jessica, what does she want, and why? Why Jessica defines herself as “love and light” Recognizing that there is something greater than you The importance of asking yourself who you are How Jessica tackles her biggest struggle — food How to make our voices better heard as women Jessica’s personal experience with journaling Find out more about Jessica’s favorite books Is what you read what you become? Why the audacious life is an inside job Why we need to show up and have conversations Accepting the feminine energy that you’re feeling And much more! Tweetables: “Wherever I am, I am in that moment.” — Jessica Upchurch [0:06:00.0] “I want to love more than being loved. I want to listen more than being heard. I want to live more than be lived.” — Jessica Upchurch [0:06:51.0] “I think, as women, our voices are better heard when we are not the anti.” — Jessica Upchurch [0:24:15.0] “You’ve got to get rid of fear in order to get to love.” — Jessica Upchurch [0:39:20.0] Links Mentioned in Today’s Episode: Raising Caine on Amazon Reviving Ophelia on Amazon Jessica Upchurch on Linked In Jessica Upchurch on Facebook Virtuoso
The One On Insurance and Liability in the Water Treatment Industry and Why We Need It, with Mike Highum. Episode 25: Show Notes. Our guest today is Mike Highum, Vice President of McGowan Insurance Group. McGowan is a trusted provider of insurance and risk management products and services across the United States. McGowan Insurance Group just received the AWT Supplier of the Year for 2016. Specialty protection includes Primary and Excess Liability, Pollution Liability, Professional/E&O, Executive Liability, Workers Compensation, Property and Fleet coverages. Complete risk analysis, loss prevention and claims management, as well as consulting services, are also provided. McGowan incorporates a collaborative approach that emphasizes client educational, along with delivering meaningful resources to equip clients with the necessary tools to manage risk. During the last few weeks I’ve had multiple people in the water treatment industry asking me questions about insurance, so I thought to bring in the professional. In this episode we’re talking about what we should be thinking about when it comes to insurance and liability to protect not only ourselves but also our business. Insurance. [0:00:28.0] Why would we talk about insurance on ScalingUP? Scaling UP! is not just water treatment and chemistry. It’s about all things that have to come into play for us to have a successful water treatment business. Unfortunately, there’s liability out there and we cannot protect ourselves from all liability. That’s why we have insurance. As a employee you will think, “If the company does well, I’ll do well” or “If I know more about the company and what they have to go through then I can do better job.” During this interview, think in this mindset and think how you can be a better water treater tomorrow than you are today, knowing more about your company’s liability risk. Insurance is not the sexiest topic however it’s something that every business needs to have and it’s one of the things, as a business owner, you need to know about. Key Points From This Episode: Mike tells us how he got into this industry he’s been in for 30+ years. [0:05:38.0] How McGowan Insurance Group has made a practice around the AWT. [0:06:37.0] What water treaters should be aware of with regard to insurance and risk management. [0:08:45.0] Defining what a certificate of liability is and the importance thereof. [0:10:21.0] Reasons why clients are purchasing insurance. [0:11:45.0] Instances where water treaters have said no to business because of higher insurance. [0:14:23.0] Why getting all the boxes checked can be so costly. [0:15:13.0] Three key areas water treatment business owners should be aware of when talking about insurance. [0:16:28.0] Areas water treatment technicians should be aware of when talking about insurance. [0:19:08.0] Documenting training, development, meetings held and practices adopted. [0:20:37.0] Insurance benefits for being a member of AWT or a CWT. [0:22:51.0] Mike tells us what opportunity we have with our insurance provider. [0:25:18.0] The core liability program comprising of three essential parts. [0:26:42.0] More areas of insurances available to us. [0:27:20.0] Reviewing and checking your policies every few months. [0:29:40.0] Comparing quotes and finding the insurance company that’s right for you and your business. [0:31:31.0] Knowing your business well enough to know whether you have the right insurance coverage. [0:35:08.0] Ways to start applying good practices in your business. [0:37:07.0] Find out why Mike would want to talk to his dad if he could talk to anybody. [0:42:13.0] And much more! Today’s Questions: Pinks and Blues Can I get continuing education points for my CWT? [0:44:20.0] That’s my number one question! The answer is no, however, “we’re working on it” is really the right answer. Based on your interest on getting continuing education points, I did speak to the education committee. The issue is that they don’t know how to track it, meaning they don’t know how they prove that the listener actually listened to it? I will say that the podcast is a newer format for the education committee and they may not be totally familiar with that. I’m going to ask you to help me help you with this question and the Scaling UP! Nation! can come up with a way that the Certification Committee feels comfortable issuing these points. If you have any ideas, let me know. On an earlier show you mentioned resin cleaning, how do you do that? [0:46:44.0] I believe that show was the one I did with Bruce Ketrick and in the intro I spoke on water softeners and did a very brief operational explanation and then I went into some brief trouble shooting. There’s not really a simple answer to that, the simplest way to do that is to use some sort of resin cleaning product and put that into the brine tank so that you have that going into every brining cycle and that will help clean up the resin. To back up even more, what I’m talking about here is iron fouling and if I remember the episode, I was talking about the valance and that sodium has a +1 charge, calcium and magnesium have a +2 charge. The way we get the calcium magnesium off the resin with a +1 charge is that we put so much sodium in there that the resin starts getting rid of the calcium magnesium because we faked it out to think it had a higher charge. If we have iron on the resin with a +3 charge, sodium is not going to go in there and remove the iron that's in that resin hole, so how do we remove it? The resin cleaner should help promote getting some of that iron out, it won't get all of it but it will help with some. My advice is not to wait for the resin to become fouled but to start using that resin to keep that resin cleaner longer. Offline cleaning is when you put a whole bunch of cleaner in with the resin and then you have to agitate everything. So basically, you take a PVC wand and hook it up to a compressor and bubble through a very, long, tedious, boring process. You can manually clean the resin using that airline that I just described, or you can put a little bit of resin cleaner in as an ongoing basis and/or you can send the resin sample off to be analyzed. It’s sometimes easier to just replace the resin rather than cleaning it. You hear a lot about people job hopping these days, especially millennials. Do you have any statistics that talk specifically about how long people stay in the water treatment industry? [0:50:19.0] I want to say I don't have specific statistics that I have taken myself but I have heard Colin Frayne talk on this topic and he has said that throughout his career he has found, he’s a consultant an contributor to AWT and has been in water treatment for a while, that if somebody gets into water treatment and they stay for two years, they’re kinda hooked, they’re there for life. If people don't reach that two-year mark, they’re more apt to switch jobs and do something else. That make a lot of sense. For somebody brand new that’s coming into this industry, it can be overwhelming for some. If someone were to stick it out and learn all along the way, they get hooked. My advice is, for those new people out there. Keep doing what you're doing. This job is not going to come easy, this job is hard, but there will be a reward if you stay in this job. If you try to learn and be the best water treater you can be and make sure you’re better tomorrow than you are today, the more you're going to appreciate being here. That’s what speaks to what Colin has found out. Action Items Out There [0:53:20.0] Tweetables: “Your actions really not only impact you, but they impact the entire company.” — Mike Highum [0:19:53.0] “If we don't have it documented, we can’t prove that it ever happened.” — Trace Blackmore [0:22:34.0] “Don’t position your business to accommodate insurance; position your insurance to accommodate your business.” — Mike Highum [0:35:16.0] Links Mentioned in Today’s Episode: Mike Highum — http://www.mcgowaninc.com/ AWT — https://www.awt.org/ AWT Convention — https://www.awt.org/annualconvention17/ AWT Webinars — http://www.awt.org/education_events/webinars.cfm
Today on the podcast we are joined by Loren Ashley Boyd. Loren is the founder of Loren Ashely Design, a design company that provides authentic web solutions tailored specifically to client needs. Loren has a degree in Journalism and Graphic Design from the University of Washington. She is a passionate yoga instructor, jewelry artist, web designer, blogger, traveler, mother, and lover of life. She has helped a number of people with logo and website design, creating design expressions through each client that reflect their unique personalities. Loren has a unique eye for design, incredible skill with the written word, and a passion for helping people follow their heart's desire. As an avid yoga practitioner and yoga teacher, she desires to help others achieve the fullest expression of themselves in all areas of life. In this episode Loren shares with us her journey of reconnecting with yourself by understanding how you choose to connect with the energy in your life. All this and more inside today’s episode. Key Points From This Episode: Loren’s journey and how she was always pulled toward the creative side The time Loren spent as a cheerleader for the Seattle Seahawks Why Loren decided to pack her suitcases and head to Costa Rica for six months How yoga helped Loren to open up her intuition more clearly to follow it Understanding the seven main chakras, and the importance of our energy centers Becoming more present in life and increasing awareness with mindfulness practice Learning to hold a space for people to experience healing The why that makes Loren get out of bed every single day Taking responsibility for our own health and awareness, starting with ourselves Loren’s daily routine and how she balances working from home and being a mom The importance of taking time to shift your awareness away from the busyness of life Learning to empower others through accountability and vulnerability Using a website or a blog to create a community and make an impact in the world And much more! Tweetables: “I packed two suitcases and I left, and I moved to Costa Rica.” — Loren Ashley Boyd [0:07:44.0] “Our awareness is like a muscle; we have to train it.” — Loren Ashley Boyd [0:16:00.0] Links Mentioned in Today’s Episode: Loren Ashley Boyd Loren on Instagram Loren on Facebook Loren Ashley Yoga Loren Ashley Yoga on Instagram Daring Greatly by Brené Brown
Today’s episode is an Audacious Life Lesson: Tears for Fears. For those who are new to the show, an audacious life means being surprisingly bold, fearless, and courageous, which looks different for every woman. An audacious life may be loud and proud or quiet, soft, and easy. However you define it, an audacious life is always bold, fearless, and courageous. When I was growing up, the culture and lifestyle of my family required me not to be loud or speak my mind. It wasn’t okay to speak the truth or show emotion. I learned it was best to be seen and not heard. How I was raised truly affected the person I became as an adult, so I have done a lot of work and self-inquiry to overcome it. Stay tuned as we go over how to take ownership of your tears and face your fears head-on. All this and more inside today’s episode. Key Points From This Episode: An overview of the Audacious Life Podcast and the purpose How your past shapes the person you become Making the decision to own your tears and walk through your fears Recognizing that everyone has fears and why they are stronger for some Understanding that it is okay to be vulnerable and it does not make you a victim Learning not to feel shame for your tears when speaking your truth Digging deep to identify your own tears for fears Tweetables: “I really try to speak authentically.” — @TheRobinWSmith [0:03:53.0] “The tears make me vulnerable, but they don’t make me a victim and they don’t mean that I’m weak.” — @TheRobinWSmith [0:04:37.0] Links Mentioned in Today’s Episode: Robin Wilkins Smith's Audacious Life – The Podcast Robin Wilkins Smith Website Robin Wilkins Smith on Twitter Robin Wilkins Smith on Instagram Robin Wilkins Smith on Facebook
Running Small Businesses and Beginning To Know What You Don’t Know, With Tim Fulton. Episode 18: Show Notes. Our guest today is Tim Fulton, my Vistage coach. Tim is the Vistage Chair to some of the most successful CEOs in Atlanta. It’s why in 2013 he launched the Small Business Matters Conference, which has become an all-star, exclusive gathering that attracts some of the best small business owners in the state. And it’s why he’s a tireless advocate for small businesses, every single day. Small Business Matters is owned and operated in Atlanta, Georgia by Tim Fulton. Tim is a nationally-recognized small business coach, consultant, and advocate. He has been involved in the field of entrepreneurship for over three decades as a successful business owner, small business counselor, and adjunct university professor. Vistage is an international membership organization for company CEO’s and Presidents that provides a very unique growth experience for its members. In addition, Tim is a facilitator for the University of Georgia SBDC’s GrowSmart training program, which is designed for growth-oriented small business owners, operators, and executives. Each year, he celebrates small business with the Small Business Matters Conference, gathering his tribe and beyond to dedicate a day to the development and success of the businesses that drive the U.S. economy. Small business stimulates international trade, helps the young get started, and encourages innovation. In today’s episode Tim is sharing on what Vistage is but the short of it is that in business we’re really good at what we do but we don't know what we don't know about business and it was with that that I went looking for somebody like Tim. He’s also talking to us about GrowSMART. Give it a listen! [0:04:50.0] Key Points From This Episode: Tim tells us what it means to be a small business coach. [0:05:46.0] Understand what GrowSMART and Vistage is and does. [0:06:30.0] Myths that surround small business and ownership. [0:08:08.0] Find out whether running a business ever gets easier. [0:11:54.0] The importance of keeping score and what to be keeping score on. [0:15:54.0] Identifying certain key performance indicators within the business. [0:16:38.0] Establishing the vision of the business through the owner and the employees. [0:18:38.0] The importance of having a business plan. [0:21:52.0] Advice for multi-generational/ family businesses. [0:25:30.0] Discover what an exit plan is and why it’s essential. [0:29:20.0] Thinking of your business as a game and sharing financials with your employees. [0:33:05.0] The signs of beginning to know what you don’t know. [0:37:35.0] Hear what were the last three books Tim read. [0:39:07.0] Top three business book to read, according Tim [0:42:50.0] Find out more about Tim’s books, Small Business Matters and Small Business Matters and All That Jazz. [0:44:43.0] The benefits of doing stand-up comedy and improv in the sales community. [0:50:30.0] Why Tim would want to talk to Ben Franklin. [0:51:20.0] Why to always to listen and act on that voice in the back of your head. [0:53:35.0] And much more! Tweetables: “In business we’re really good water treaters but we don't know what we don't know about business.” — Trace Blackmore [0:01:57.0] “I am constantly learning from my clients and my members.” —@TF_SBM [0:06:24.0] “The growth paradox is the assumption that as a company grows it’s going to get easier.” — @TF_SBM [0:12:20.0] “Think of your business as a game and any good game, we’re going to keep score.” —@TF_SBM [0:16:16.0] Links Mentioned in Today’s Episode: ScalingUp! Podcast – http://scalinguph2o.com/ AWT Young Professionals & SEED Group – https://www.facebook.com/groups/1377068122547724/ AWT — https://www.awt.org/ AWT Convention — https://www.awt.org/annualconvention17/ AWT Webinars — http://www.awt.org/education_events/webinars.cfm IWC Conferences — http://www.iwcconferences.com/ Tim Fulton — http://smallbusinessmattersonline.com/ Tim on LinkedIn — https://www.linkedin.com/in/timcfulton/ Tim on Twitter — https://twitter.com/tf_sbm Seth Godin — http://www.sethgodin.com/sg/ Books to Read: Michael Gerber’s book, The E-myth Seth Stephens-Davidowitz’s book, Everybody Lies Charles Duhigg’s book, The Power of Habit Bo Burlingham’s book, Finish Big Jim Collins’s book, Good To Great Stephen Covey's book, The 7 Habits of Highly Effective People Tim’s book, Small Business Matters Tim’s book, Small Business Matters and All That Jazz Seth’s book, Tribes
Connecting Water Treaters Around The Globe and Why The Water Treatment Industry Should Continue To Learn, Share And Laugh With James McDonald. Episode 21: Show Notes. Our guest today is James McDonald. James has been in the water treatment industry since 1997 and is a Chemical Engineer by degree with a Master’s from the University of Louisville. After college, James worked for an environmental compliance company, doing environmental assessments for the likes of the FAA and various army bases. Later James went on to work for Crown Solutions and today is also a much loved committee chair at the Association of Water Technologies (AWT). Interestingly, after many years at Crown Solutions, his next job at Chem Aqua, was discovered via a LinkedIn advertisement pop-up seeking a Corporate Engineer. Most of you out there are on LinkedIn and LinkedIn is probably dominated in the water technology community by James McDonald. James spends a lot of time on social media, specifically his LinkedIn page. But when we have so much work to do already, is social media really worth it and what are the rewards? James loves the work he does and loves sharing it with other people, so today we hear James’ story, his role in the AWT, how LinkedIn has helped him connect hundreds of water treaters around the globe and why we should continue to keep learning a little bit every day and share our knowledge even more. Take a listen! [0:03:20.0] We also answer questions from listeners on Pinks and Blues. Key Points From This Episode: About James and his career and history in the water treatment industry. [0:03:46.0] How James became a well-rounded water treater with a rich knowledge bank. [0:05:51.0] Reaching a knowledge plateau in the water industry. [0:07:13.0] James’ book and philosophy of Learning Drop By Drop. [0:08:45.0] James’ thoughts on the use of PTSA in water treatment today. [0:11:20.0] What James loves and hates about the water industry. [0:14:10.0] How James maximizes his LinkedIn profile. [0:16:59.0] Learn more about James’ Industrial Water Treatment Group. [0:20:14.0] Meet Detective H2O. [0:20:55.0] Projects James is involved in within AWT. [0:24:03.0]. Advice to new people approaching the water treatment industry. [0:28:10] Current goals and objectives of the AWT committee. [0:29:10] The value of an AWT membership. [0:30:13.0] Key strategies James uses to look for or find new business. [0:33:26.0] Taking on new challenges to expand your knowledge and learn new skills. [0:35:22.0] Resources for young professionals coming into the industry. [0:37:18.0] Learn, share and laugh! [0:41:23.0] And much more! Today’s Questions: This person just switched hardness test manufacturers and the softener used to be soft all the time with the old manufacturer. Now it’s hard all the time. So is something wrong with the softener or with the test kit? [0:45:05.0] Here at Blackmore Enterprises, we had that exact same thing happen. We were using manufacturer A and the softener was soft all the time. Then we switched to manufacturer B and it was soft some of the time, but a lot of the times we were getting that red tinge to the hardness test, and as those of you know out there in the ScalingUP! Nation, a soft sample is nice and blue and if it has a red color to it, then that indicates hardness and then we add the EDTA to it as a titrant until it grabs all that hardness and then turns it blue. So in a softener situation, as soon as we put the buffer in there and the indicator in there, we want that sucker to be nice and blue. Well, we thought that the softener was malfunctioning, and it actually was. The only reason we found that out was because the test that we then started buying with manufacturer B actually was able to test to a smaller degree, less than a ppm. The other test was only testing down to 2 or 3 ppm and we actually worked with somebody and we sent those off and actually had an independent lab measure those using a different method and we actually found that out, that one of the test manufacturers was able to get that lower. So it might be your tests are working fine, but they’re only working in the limits that they are able to work in. What we did when we did that, we found out that we were actually putting hard water in when we thought we were putting soft water in with the other manufacturer, Manufacturer A, and that actually explained some of the readings that we were getting where we were losing alkalinity on occasion and things like that. The water was still clean, but everything didn’t add up and then we found that when we were testing with this lower range test kit that we were actually leaking over some hardness. So I say this because the boilers, in order to be soft, need to be less - actually I think it’s supposed to be less than half a ppm. So if your test kit’s only testing 2 or 3 when it says it’s soft, that’s several times higher than half a ppm. So make sure you know what your test kit is actually doing and even in the same manufacturers, they have different ranges. So if one drop equals 10 parts, that’s probably not good when you’re titrating. That’s probably not good enough for a softener. You probably want to figure out either how to change the sample size, or maybe change the test kit so you can get that to a really fine amount. But then also realize that your test that you’re using may not go as low as you think it goes. Trace, what do you do for fun? [0:49:05.0] I am a scuba dive instructor. That is my passion. I absolutely love being under water. It is the most therapeutic thing that l can think of. Underwater you can fly around like Superman. You want to go up, go up. You want to go down, go down. You can bank left, bank right, it’s totally awesome. I love it so much, and you out there in the ScalingUP! Nation know that one of my passions is teaching, so I actually teach scuba diving to other people and try to get them to enjoy it as much as I do. Teaching scuba diving has made me a better instructor when it comes to water treatment, because when you’re teaching somebody that they’re not going to die, you learn how to deal with people at a different level. Because everybody’s scared that there’s no air underneath that water, and you’ve got to convince them that if an emergency or if a situation happens under water, you can deal with it underwater and not panic and go up to the surface because once you have all that pressure under you under water and then you get up too quickly and that pressure is gone, you can actually hurt yourself. So, to answer your question, I don’t even have to think about it; what I do for fun is I scuba dive. I know Mark Lewis has been brought up on this show. Mark Lewis and I scuba dive together, so there you go. It’s fun for water treaters to get together. You know, we’re working in water and now we’re playing in water too. So we just have a whole life that talks about water, or deals with water. Which is better: LSI, RSI or PSI? [0:51:45.0] So for those of you out there in the ScalingUP! Nation that don’t know what those letters stand for, there’s the Langelier Stability Index, the Ryznar Stability Index, and the Practical or sometimes called Puckorius Scaling Index. So, better is not a work that I really like, but I understand why you ask it. Better is an opinion. All of them are the same thing. What they deal with is when calcium carbonate comes out of solution or goes into solution. We’re either precipitating or we are dissolving, if you will. Right in the middle where neither of those has happened, is called the saturation pH. That’s the equation that all of these different scales use and then they do something with it to make it unique, and then they can name it something else. LSI takes the saturation pH and what you do is you take the system pH and you subtract the situation pH from it to get LSI. The range from that is -3 to 3. Anything above 0 has a scaling tendency. Anything below 0 has a non-scaling tendency. We know water is the universal solvent, i.e. water is corrosive. Now some water might be more aggressive than others, depending on what’s dissolved in it, but that being said, all water is corrosive. The RSI take the saturation pH times 2, and then subtract the system pH. That is a range between 0-12 and anything above 6 has a non-scaling tendency and anything below 6 has a scaling tendency. The PSI takes the station pH and multiples by 2, but then subtracts the pH of equilibrium, then add 4.54. The scale is 0-12, above 6 is a non-scaling tendency and below 6 is a scaling tendency. Now, you get to choose which is best for you. We at Blackwater Enteprises use RSI, and the only reason we use it is because that’s what my father used and that’s what he taught me, and that’s what I’m used to. Tweetables: “As long as you keep learning more each day all the guys that started where you did will never catch up.” — @JamesMcDonald89 [0:07:30.0] “PTSA should be a guidance and should be checked on a regular basis.” —@JamesMcDonald89 [0:11:35.0] “The most important part of my job is telling bad, bad jokes.” — @JamesMcDonald89 [0:12:35.0] “You sell yourself by your qualities and the value you bring.” — @JamesMcDonald89 [0:16:34.0] “A water treater is a lonely job. Water treaters are often hungry to connect.” — @JamesMcDonald89 [0:20:14.0] Links Mentioned in Today’s Episode: ScalingUp! Podcast – http://scalinguph2o.com/ Association of Water Technologies (AWT) Website – https://www.awt.org/ Chem Aqua Website – http://chemaqua.com/ Chem Aqua on LinkedIn – https://www.linkedin.com/company/475270/ Industrial Water Treatment Facebook Group – https://www.facebook.com/IndustrialWaterTreatment/ AWT Young Professionals & SEED Group – https://www.facebook.com/groups/1377068122547724/ Detective H2O – https://sites.google.com/site/industrialwaterscience/detective-h2o James McDonald on LinkedIn – https://www.linkedin.com/in/james-mcdonald-pe-cwt-%F0%9F%92%A7-9760328/ Industrial Water Treatment on LinkedIn – https://www.linkedin.com/groups/4155017/profile James McDonald on Twitter – https://twitter.com/JamesMcDonald89 Industrial Water Science – https://sites.google.com/site/industrialwaterscience/
How The Water Treatment Industry is Evolving and the Changes That Come With It with Jack Walker. Episode 15: Show Notes. Our guest today is Jack Walker, CEO of WaterTech Specialties Incorporated. Jack is also one of the founders of The Association of Water Technologies. WaterTech is a family-owned and operated business. They pride themselves on the diversity of their customer base, from small family businesses to Fortune 100 companies. Truly, they are small enough to care and large enough to make a difference. In this episode we’re talking about what changes Jack has seen throughout his lifetime, what it was like for him transitioning his company to his children and what he thinks about water treatment in general. We also talk about some things to think about when the season change and answer listener questions on “Pinks and Blues.” Season Changes. When seasons start to change you need to look at making changes to your programs. For instance, chiller and cooling tower cleaning. If your customer doesn’t have filtration on their cooling tower, they should be cleaning their cooling tower a minimum of twice a year. It’s easier to keep a clean system clean than it is to clean up a dirty system. There has to be a synergy with mechanical i.e... cleaning and chemical. Whenever there is a season change it’s also recommended that legionella testing be done. Any equipment upgrades or maybe you have to change some product dosing, you need to think of all those things next time you go to service your accounts, now that you’re in a different weather pattern. Key Points From This Episode: Jack’s accolade of Water Technologist of the Year 2017 by AWT. [0:06:55.0] Jack tells us how he started in the water treatment industry. [0:07:54.0] Hear about Jack’s goals when he started his company. [0:10:34.0] Understand what Jack looks for when hiring employees. [0:12:51.0] How Jack manages the company as a successful family business. [0:16:07.0] The importance of having an interest in what you’re doing. [0:17:53.0] Discover why you need to understand the industry in order to make decisions. [0:21:00.0] Tips on leaving a business gracefully and not burning your bridges. [0:25:10.0] Hear how sales have evolved to networking and how your approach needs to change. [0:32:10.0] Some of the biggest changes Jack has seen in the water treatment industry over the years are chemicals and communications. [0:36:29.0] Find out about some of Jack’s failures in business and what he learnt from those failures. [0:41:35.0] Learn why Jack loves having the ability to help resolve problems in the water treatment industry. [0:45:31.0] Discover how Jack discerns in giving away free information and helping other water treaters. [0:50:30.0] The important of being well trained in the water treatment industry. [0:57:28.0] Hear more about AWT in the infant stages back when it first started. [0:59:25.0] Jack tells us how he got involved with AWT and what his experience has been like. [1:00:45.0] Listen as Jack explains how many different people and situations have taught him what he knows about the water treatment industry. [1:04:00.0] Understand how some people are applicators in the industry. [1:05:00.0] What Jack has learnt through his journey with AWT. [1:06:05.0] The advice Jack would give people starting in the water industry is to know the industry really well. [1:09:35.0] Why once you think you know something, it’s all over . [1:14:30.0] Picking an industry you’re comfortable with. [1:19:30.0] And much more! Tweetables: “If you don’t have an interest in the long term, it’s not going to work.” — Jack Walker [0:17:53.0] “You need to be focused on one thing, one industry.” — Jack Walker [0:42:19.0] “Whatever you do, make sure you make referrals and talk to someone in the same industry.” — Jack Walker [0:52:39.0] “When you’re sending new people out, make sure that they’re trained at least well enough so it looks good on the company.” — Trace Blackmore [0:57:28.0] “If we’re all better then people are going to look at the industry better.” — Trace Blackmore [0:59:05.0] “Most of us are applicators; we are not scientists.” — Jack Walker [1:05:35.0] Links Mentioned in Today’s Episode: Jack Walker — http://www.watertech.net/ AWT — https://www.awt.org/ AWT Convention — https://www.awt.org/annualconvention17/ AWT Webinars — http://www.awt.org/education_events/webinars.cfm IWC Conferences — http://www.iwcconferences.com/
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