Podcasts about loans

How can you course-correct after taking out a 401(k) loan for a down payment? We'll walk you through that question and more in today's Q&A episode! Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.

It sounds ridiculous until you shift your thinking --- Send in a voice message: https://podcasters.spotify.com/pod/show/originatorsguide/message

In this episode you will hear:   ²  Mark discusses a special interview that is coming up and he asks for listeners to send in Speakpipe questions for this interview ²  Mark interviews David Marcus about his book, “Acceptance: A legendary college counselor helps seven kids find the right college--and find themselves, Part 2 of 3 Part 2 o   David talks about Chapter 7 of his book, that looks at the Industrial Complex of college o   David talks about what he was trying to convey in Chapter 8, “Donating Blood is not an extracurricular activity” o   David shares his 5 big takeaways from the book o   David talks about the value of being a big fish in a small pond o   David talks about the importance of picking a college that is a fit and values alignment     Our favorite way for you to leave a question or any message for us is to put speakpipe.com/YCBK in your browser and take up to 90 seconds to leave a message. We recommend you share your first name and your state, but you can also be anonymous.   If you do not want to verbally leave a message for us by using speakpipe.com/YCBK you can send in your questions either on Twitter at @YCBKpodcast using the Messages tab  or via email at .   You can also send in questions for our interviews by using speakpipe.com/YCBK. Our interviews are confirmed for 2023 and 2024 with the following leaders at the following schools: Confirmed interviews not yet completed Bard-Mackie Siebens Rice University-Tamara Siler American University-Andrea Felder Pitzer College-Yvonne Berumen Chapman University-Marcela Meija-Martinez Connecticut College-Andy Strickler* Trinity College-Anthony Berry* College of the Atlantic-Heather Albert* Spelman College-Chelsea Holley* Scripps College-Victoria Romero* Saint Louis University-Daniel Wood-(Interview is about transfer admissions, Daniel is a transfer counselor) Colby College-Randi Arsenault* University of Georgia-David Graves* University of Minnesota-Keri Risic Cornell University-Jonathon Burdick Akil Bello of Akilbello.com Oberlin College-Manuel Carballo Carleton College-Art Rodriguez Swarthmore-Jim Bok Joy St. Johns-Harvard Duke-Christoph Guttentag Florida State-John Barnhill Southern Methodist University-Elena Hicks Johns Hopkins-Calvin Wise Cornell University-Shawn Felton Haverford College-Jess Lord UAspire-Brendan Williams Yale University-Moira Poe Bard College- Baylor University Butler University California Institute of Technology Colorado School of Mines Creighton University Dartmouth College-Lee Coffin     To sign up to receive Your College-Bound Kid PLUS, our free quarterly admissions deep-dive, delivered directly to your email four times a year, just go to yourcollegeboundkid.com, and you will see the sign up on the right side of the page under “the Listen to our podcast icons”   Follow Mark Stucker on Twitter to get breaking college admission news, and updates about the podcast before they go live. You can ask questions on Twitter that he will answer on the podcast. Mark will also share additional hot topics in the news and breaking news on this Twitter feed. Twitter message is also the preferred way to ask questions for our podcast:   https://twitter.com/YCBKpodcast   1. To access our transcripts, click: https://yourcollegeboundkid.com/category/transcripts/ 2. Find the specific episode transcripts for the one you want to search and click the link 3. Find the magnifying glass icon in blue (search feature) and click it 4. Enter whatever word you want to search. I.e. Loans 5. Every word in that episode when the words loans are used, will be highlighted in yellow with a timestamps 6. Click the word highlighted in yellow and the player will play the episode from that starting point 7. You can also download the entire podcast as a transcript   We would be honored if you will pass this podcast episode on to others who you feel will benefit from the content in YCBK.   Please subscribe to our podcast. It really helps us move up in Apple's search feature so others can find our podcast.   Don't forget to send your questions related to any and every facet of the college process to: questions@yourcollegeboundkid.com.   If you enjoy our podcast, would you please do us a favor and share our podcast both verbally and on social media? We would be most grateful!   If you want to help more people find Your College-Bound Kid, please make sure you follow our podcast. You will also get instant notifications as soon as each episode goes live.   Check out the college admissions books Mark recommends:   Check out the college websites Mark recommends:   If you want to have some input about what you like and what you recommend we change about our podcast, please complete our Podcast survey; here is the link:     If you want a college consultation with Mark or Lisa or Lynda, just text Mark at 404-664-4340 or email Lisa at or Lynda at lynda@schoolmatch4u.com. All they ask is that you review their services and pricing on their website before the complimentary session. Their counseling website is: https://schoolmatch4u.com/

http://www.copperplatemailorder.com                                    Copperplate Time 437                                presented by Alan O'Leary                             www.copperplatemailorder.com                                          Music & Mischief1. Bothy Band:  Green Groves/Flowers of Red Hill.  After Hours 2. Trian: Humours of Ballyconnell/Reel Eboulemant/Richie Dwyer's. Trian 23. Seamus Maguire & John Lee:        The Road to Ballymac/Corrigea Grove/The Cloone Reel.                The Missing Reel 3. Planxty:   Accidentals/Aragon Mill. Retrospective 4. Liam Clancy:  Ten & Nine. Liam Clancy5. Dervish:    Jim Coleman's Set.    At The End of the Day 6. Johnny O'g Connolly:  Fear Inis Bearachian/Fear Londain/Fear Bhoston.  Fear Inis Bearachain7. Leonard Barry:         Kitty Got A Clinking/Sarah's Reel/The Bog Carrot   New Road 8. Catherine McEvoy:  Elizabeth Kelly's Fave/Kitty Come Down to Limerick.  The Home Ruler                                   9. Niamh Parsons: Clohinne Winds. Her Infinite Variety10. Crawford/Farrell/Doocey:         Aube Mauve/Mousein the Mug/The Cuil Aodh/Monaghan Twig.            Music & Mischief 11. Ralph McTell:   Interest On the Loan.     Streets 12. Ralph McTell:   River Rising.    Right Side Up13. Ralph McTell:   Harry (Don't Go).    Slide Away the Screen 14. Martin Carthy:    Scarborough Fair. Electric Muse 15. John Martyn:    Some People Are Crazy.   Grace & Danger 16. John Regan & Paddy Glackin       Maid at the Spinning Wheel/A Visit to Ireland. Let Down the Blade17. Mulcahy Family:  The Fog on the Hill/Dave White's/Peg McGrath's.  The Reel Note 18. London Lasses:  Dandy Dinny Cronin/Moving in Old Decency/Ballintore Fancy/Over the Bridge to Peggy.  LL 25   19. Bothy Band:  Green Groves/Flowers of Red Hill. After Hours

Want a better rental property loan? You've probably tried talking to banks, brokers, and residential lenders about growing your real estate portfolio, only for them to hit back with W2, income, and credit score requirements. Is there a loan that gets around these conditions for those that are hard to fund? What if you have a rock-solid real estate deal but no nine-to-five income to show to a bank? Well, there's one type of funding you've probably never heard of, and real estate investors nationwide are starting to take advantage of it. We're back with another Rookie Reply as Ashley and Tony embark on an emotional journey down eviction lane, discussing what to do when bad tenants stay in your property and how to ensure it never happens again. But that's not all; Ashley and Tony bring their tenant red flags that ANY landlord should know about when interviewing potential renters. They'll also touch on subject to, seller financing, and other creative ways to fund your real estate deal, plus why you should (or shouldn't) buy a historic home. Finally, you'll hear about the investor-only loan so many people are using to grow their portfolios even faster! If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE). In This Episode We Cover The one rental property loan that big-time investors are using to multiply their portfolios  Evicting a tenant and how to recover rent payments that you're owed Tenant screening tips and red flags you should look out for when interviewing tenants Creative financing and how seller financing and subject to deals create win-wins for buyers and sellers Buying in a historic district and the grants and tax advantages you may be entitled to for doing so And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Real Estate Rookie Podcast 280 with Pace Morby Real Estate Rookie Podcast 538 with Katie Neason DSCR Loans: What Are They And How To Get The Best Terms The Ultimate Comprehensive List of Tenant Red Flags Book Mentioned in the Show: Wealth without Cash by Pace Morby Check the full show notes here: https://www.biggerpockets.com/blog/rookie-288 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

For this week's financial insights, we tackle top solutions for settling your loan obligations with the least possible interest and utilizing credit cards wisely to avoid future debt crises. Tune in to make the most of your hard-earned cash and develop financially healthy habits!   WHAT YOU'LL LEARN FROM THIS EPISODE  Reasons behind the rising credit card debt status of 2023 The power of compound interest on wealth-building and the credit card crisis  Two approaches to responsibly use banking credit and avoid interest growth Loan methods to pay off credit debt faster    RESOURCES/LINKS MENTIONED  Federal Reserve Board Albert Einstein  Dave Ramsey Multifamily Money: Ep22: How To Pay Off Your Debt Faster | Apple Podcast   CONNECT WITH US  Email: shawn@greenbriarcg.com    Instagram: Shawn Winslow  YouTube: Shawn Winslow LinkedIn: Shawn Winslow Facebook: Shawn Winslow

Just about every serious hunter dreams about owning their own hunting property. On this episode of the Nine Finger Chronicles, Dan sits down with Cody Kiser, a Loan Officer who specializes in loans for farming and agriculture. Cody is also very knowledgeable buying land specifically for hunting, and tips and tricks that you may be able to take advantage of to reduce you down payment or get a better interest rate on your loan. Tons of great information in this episode, especially if your are ready to buy your first farm. Enjoy and share! Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode you will hear:   (13:28) Mark and Julia discuss an article in “The Chronicle of Higher Education” by Eric Hoover entitled, “A profession on the edge-Why admission leaders are wearing down, burning out and leaving jobs they once loved. The article came out on April 5th, 2023   (41:15) Mark and Lisa discuss a question from overseas from Ari who wants to know, how can a parent and a younger sibling avoid being unduly biased when looking for a college by an older sibling that is having a great experience at his college   (54:55) We start a new interview with Gus Resendiz who will discuss the pros and the cons of a cooperative education. Part 1 of 3   (01:07:40) The recommended resource is https://www.thecollegetour.com/tour-colleges/semester-at-sea/   (01:21:50) Sylvia Borgo discusses the advantages of the Semester at Sea travel abroad program. Part 2 of 2   We now have set up audio recordings in your own voice for any question you send in for our “question from a listener” segment. In order to send us an audio message, just go to speakpipe.com/YCBK. You can also use this for many other purposes: 1) Send us constructive criticism about how we can improve our podcast 2) Share an encouraging word about something you like about an episode or the podcast in general 3) Share a topic or an article you would like us to address 4) Share a speaker you want us to interview 5) Leave positive feedback for one of our interviewees. We will send your verbal feedback directly to them and I can almost assure you, your positive feedback will make their day. Speakpipe.com/YCBK is our preferred method for you to ask a question and we will be prioritizing all questions sent in via Speakpipe. If you have a question for one of our upcoming interviews with admissions professionals, here is a list of admissions professionals who we will interview in 2023 or 2024 Confirmed interviews not yet completed Bard-Mackie Siebens Rice University-Tamara Siler American University-Andrea Felder Pitzer College-Yvonne Berumen Chapman University-Marcela Meija-Martinez Connecticut College-Andy Strickler* Trinity College-Anthony Berry* College of the Atlantic-Heather Albert* Spelman College-Chelsea Holley* Scripps College-Victoria Romero* Saint Louis University-Daniel Wood-(Interview is about transfer admissions, Daniel is a transfer counselor) Colby College-Randi Arsenault* University of Georgia-David Graves* University of Minnesota-Keri Risic Cornell University-Jonathon Burdick Oberlin College-Manuel Carballo Carleton College-Art Rodriguez Swarthmore-Jim Bok Joy St. Johns-Harvard Duke-Christoph Guttentag Florida State-John Barnhill Southern Methodist University-Elena Hicks Johns Hopkins-Calvin Wise Cornell University-Shawn Felton Haverford College-Jess Lord UAspire-Brendan Williams Yale University-Moira Poe Akil Bello of Akilbello.com Bard College Baylor University Butler University California Institute of Technology-Ashley Pallie Colorado School of Mines Creighton University University of Puget Sound- Robin Aijian   To sign up to receive Your College-Bound Kid PLUS, our new monthly admissions newsletter, delivered directly to your email once a month, just go to yourcollegeboundkid.com, and you will see the sign-up popup.   Check out our new blog. We write timely and insightful articles on college admissions: https://yourcollegeboundkid.com/category/blog/ Follow Mark Stucker on Twitter to get breaking college admission news, and updates about the podcast before they go live. You can ask questions on Twitter that he will answer on the podcast. Mark will also share additional hot topics in the news and breaking news on this Twitter feed. Twitter message is also the preferred way to ask questions for our podcast:   https://twitter.com/YCBKpodcast   1. To access our transcripts, click: https://yourcollegeboundkid.com/category/transcripts/ 2. Find the specific episode transcripts for the one you want to search and click the link 3. Find the magnifying glass icon in blue (search feature) and click it 4. Enter whatever word you want to search. I.e. Loans 5. Every word in that episode when the words loans are used, will be highlighted in yellow with a timestamps 6. Click the word highlighted in yellow and the player will play the episode from that starting point 7. You can also download the entire podcast as a transcript   We would be honored if you will pass this podcast episode on to others who you feel will benefit from the content in YCBK.   Please subscribe to our podcast. It really helps us move up in Apple's search feature so others can find our podcast.   If you enjoy our podcast, would you please do us a favor and share our podcast both verbally and on social media? We would be most grateful!   If you want to help more people find Your College-Bound Kid, please make sure you follow our podcast. You will also get instant notifications as soon as each episode goes live.   Check out the college admissions books Mark recommends:   Check out the college websites Mark recommends:   If you want to have some input about what you like and what you recommend, we change about our podcast, please complete our Podcast survey; here is the link:     If you want a college consultation with Mark or Lisa or Lynda, just text Mark at 404-664-4340 or email Lisa at or Lynda at Lynda@schoolmatch4u.com. All they ask is that you review their services and pricing on their website before the complimentary session. Their counseling website is: https://schoolmatch4u.com/

When growing a real estate investing business, having a good FICO Score is a key factor in obtaining capital and achieving the highest return on investment. Hard money or private money lenders use this score to determine if they should give a loan to the borrower and what interest rate they should set. In most cases, hard money lenders look at your FICO Score before pre-qualifying your application and approving your loan. So, let's take a look at FICO Scores, how it's determined, and some steps you can take to improve your score over time. Learn more about your ad choices. Visit megaphone.fm/adchoices

The International Monetary Fund's executive board has approved a $3bn three-year loan programme for Ghana. The West African nation has been battling its worst economic crisis in a generation. In Burundi, a group of women have set off to go and work in Saudi Arabia, as part of a government-backed initiative which aims to curb illegal migration. And in Nigeria, medical services at teaching hospitals across the country have been disrupted by a five-day strike by resident doctors who are demanding salary increases.

Ray sits down with Lizzie Slaton, newly appointed SBA Credit Manager at Dogwood State Bank. Lizzie shares her background in SBA servicing and underwriting, discusses her credit philosophy and indulges Ray as they share each others pet peeves.    https://www.artofsba.com/   -----------------------------------------------------   This episode is brought to you by the folks from Shatterbox.   Lenders, would you like to hire top-shelf, pre-vetted talent to deepen your SBA bench?   Shatterbox is resurrecting the apprenticeship to solve the talent gap in SBA lending.   Visit www.shatterbox.io for more information.   The Cohort kicks off this Fall, and space is limited!

Photo: No known restrictions on publication. @Batchelorshow Argentina 1930s #Bestof2023: The origins of the student Loan forgiveness policy: #SCOTUS: Student Loans and standing.  Richard Epstein, Hoover Institution. (Originally posted January 12, 2023) . https://www.msn.com/en-us/news/us/supreme-court-to-hear-title-42-oral-arguments-march-1/ar-AA163fdh

This One Thing Drives Results --- Send in a voice message: https://podcasters.spotify.com/pod/show/originatorsguide/message

According to the Federal Reserve's latest Senior Loan Officer Opinion Survey, small businesses may be the most vulnerable to banks tightening their lending standards.----- Transcript -----Welcome to Thoughts on the Market. I am Vishy Tirupattur, Morgan Stanley's Chief Fixed Income Strategist. Along with my colleagues, bringing you a variety of perspectives, I'll be talking about the takeaways from the Senior Loan Officer Opinion Survey. It's Wednesday, May 17th at 10 a.m. in New York. We've talked a lot about the effects of the turmoil in the regional banks on credit formation, on this podcast. We thought the ongoing liquidity pressures in the regional banking sector may lead to tighter lending standards, which will eventually translate into lower credit formation. The Senior Loan Officer Opinion Survey, conducted quarterly by the Federal Reserve, provides a window on bank lending practices, including the standards and terms for banks to make loans, as well as the demand for bank loans to businesses and households. The survey results published last week, reflect conditions during the first quarter of 2023 and provide a first glimpse on the effect of the regional banking turmoil on banks outlook for lending over the remainder of 2023. The survey showed that banks expect to tighten standards across all loan categories. Banks cited an expected deterioration in the credit quality of their loan portfolios, customer collateral values, a reduction in risk tolerance, concerns about bank funding costs, banks liquidity position and deposit outflows, as reasons for expecting to tighten lending standards over the rest of 2023. While standards for commercial and industrial, the so-called C&I loans, tightened only marginally, the demand for C&I loans fell to levels not seen since the great financial crisis. Even though lending standards only tightened marginally, the tightening came from some loan officers tightening standards considerably. Further, banks reported changes to their modalities of their lending quite substantially. For example, the spread on loans or their cost of funding broke above the pandemic period and entered levels last seen during the great financial crisis. Loan officers also changed credit lines to small businesses drastically, especially regarding the size and cost. They reduced the maximum size and maturity of credit lines, as well as increased collateral requirements and the cost of credit lines. For small businesses in the U.S., such credit tightening comes at a very difficult time. Small business optimism and the outlook for business conditions already deteriorated significantly over the past year, and small businesses acknowledge that the environment isn't conducive for expansion or CapEx. Why does this matter? As small businesses have continued to lower expectations of sales, there were also moderated plans to raise prices in the near term. We see this dynamic raising the risks of downside surprises to upcoming inflation data. Also worth noting that fewer small businesses describe inflation as their number one concern, in fact, more describe interest rates as the number one concern. One of the special questions in this quarter's survey pertained to commercial real estate, so-called CRE. Banks tightened lending standards across all categories of CRE loans. Action cited included, widening loan spreads, reducing loan to value, raising debt service covers ratios and reducing maximum loan sizes. These survey results are consistent with what we had been predicting. Volatility in the regional banking sector has resulted in lower credit formation, due to both lingering liquidity stress and regulatory changes to come. The former is already playing out and the latter is likely to weigh on economic growth over the long term. Thanks for listening. If you enjoy the show, please leave us a review on Apple Podcasts and share Thoughts on the Market with a friend or colleague today.

Are you a business owner looking to take your success to the next level? In this episode, we dive deep into the power of bookkeeping and how it can unlock new opportunities for your business. Discover practical strategies, tips, and tools to streamline your financial processes and make informed decisions that drive growth. Don't miss out on harnessing the true potential of bookkeeping! Join us on a journey to unlock the secrets of business success through the power of bookkeeping. We explore the indispensable role of bookkeeping in managing your finances, tracking performance, and optimizing profitability. From setting up a solid bookkeeping system to leveraging technology and data analysis, we provide valuable insights and expert advice to empower you as a business owner. Get ready to unleash your full potential! Welcome to another episode of B2B Vault - The Payment Technology Podcast. , we will delve into the world of business ownership and provide valuable insights to help business owners thrive. While bookkeeping is not the most glorious aspect of running a business is one of the most important things you need for success and growth, and it is crucial when tax time arrives.  What does bookkeeping do for your business? Privies a financial snapshot   Recording transactions   Banking  Credit Cards – paying bills  Writing checks or paying by ACH  Tracks all of your bank accounts  Income   Spending   What tools can you use?  Quickbook  Xero   Freshbooks  Zoho   To name a few   Accurate bookkeeping is important!   You can get a good picture of your business   Profit and loss statement  Balance Sheets  Money owed  When will you need this info?   When you want to get a better merchant account    Lower rates  Loans  Need an investor   If you have a retail store or restaurant – it is good to use a point-of-sale system and track your inventory.   Track your buying and plan  Find out your best-selling items   When are your peak sales days   Payroll is another aspect of bookkeeping.   Pay yourself – many who did not – did not get PPP money.  You can make better business decisions – and understand your cash flow.  Save money on merchant fees – get higher limits on your merchant account.  Attract an investor  Makes it easy to work with a bookkeeper – CPA – Accountants   They will cost you less money – as there will be less for them to do when you have good financial records saving you money and making thing more efficient. 

We've chatted with many wedding venue owners who are interested in adding onsite accommodations to their venue property as an additional stream of revenue.  If this is something you've also been considering, today's episode is for you!  DISCLAIMER: This episode is not legal or financial advice. We're just sharing our stories and tips! Please consult your own legal and financial professionals before pursuing any loan.  One of the first questions we often receive is: "I need an amount of upfront capital, can you give me an example of loan options you've seen?"  In this episode Lindsay shares:  Three loan types to consider when adding onsite accommodations to your wedding venue property.  1. Standard Commerical Loan 2. DSCR - Debt service coverage ratio Quick Tip: Based on the property's income potential vs the purchaser's credentials/credit - if approved lenders don't require money down. Perfect for venue acquisition or/on-site accommodations. 3. Portfolio loan - lender keeps the loan in-house - doesn't sell to another company. The benefit of small, local banks - may be more flexibility within the terms. 4. BRRR (Buy Rehab Refinance Repeat)

The International Monetary Fund has approved a three-year extended credit for the African nation, which will receive an immediate disbursement of about $600 million. We look into the crisis the country is going through and how this funds can help. Also in the programme, we hear the latest from Pakistan, where political instability is affecting the economy. And we ask the Finance Minister of The Philippines, Benjamin Diokno, about the brain drain taking place in his country.

Money has the potential to strain relationships, particularly when it involves lending to loved ones.    There's always a risk of not getting the money back when lending to friends or family. Even with the best intentions, circumstances can change, and repayment may not happen. This can result in the lender losing the money and the relationship being damaged.    According to Brian Bristol, loaning to friends and family should not be a scare because he has developed a platform and process to ensure both parties feel comfortable about bringing lending money into their relationship.   In Episode 121, he filled us in on his platform “Pigeon” and how it takes away the awkwardness of lending money to your friends and family.    Listen in and learn more about Pigeon.    How To Start A Podcast E-Book.    https://www.etsy.com/listing/1344467520/how-to-start-a-podcast-e-book-planner    Connect with the host, Patrina Dixon   +Instagram https://www.instagram.com/itsmymoney_/    +Facebook https://www.facebook.com/profile.php?id=100013355082005    +Twitter https://twitter.com/itsmymoney_    +YouTube https://youtube.com/c/It%E2%80%99sMyMoneywithPatrinaDixon    +Pinterest https://pin.it/5x8rOTp    +Website http://www.itsmymoneyjournal.info/  Connect with guest, Brian Bristol   +Website   https://www.usepigeon.io/   

5 - 16 - 23 CO - SIGNING A LOAN FOR A SIBLING by Maine's Coast 93.1

In this episode you will hear:   ²  Mark discusses the things that are on the yourcollegeboundkid.com website that you won't get on a podcast app ²  Mark shares the story of what a 10th grader did to get 8-10 research opportunities with elite universities ²  Mark interviews David Marcus about his book, “Acceptance: A legendary college counselor helps seven kids find the right college--and find themselves, Part 1 of 3     Our favorite way for you to leave a question or any message for us is to put speakpipe.com/YCBK in your browser and take up to 90 seconds to leave a message. We recommend you share your first name and your state, but you can also be anonymous.   If you do not want to verbally leave a message for us by using speakpipe.com/YCBK you can send in your questions either on Twitter at @YCBKpodcast using the Messages tab  or via email at .   You can also send in questions for our interviews by using speakpipe.com/YCBK. Our interviews are confirmed for 2023 and 2024 with the following leaders at the following schools: Confirmed interviews not yet completed Bard-Mackie Siebens Rice University-Tamara Siler American University-Andrea Felder Pitzer College-Yvonne Berumen Chapman University-Marcela Meija-Martinez Connecticut College-Andy Strickler* Trinity College-Anthony Berry* College of the Atlantic-Heather Albert* Spelman College-Chelsea Holley* Scripps College-Victoria Romero* Saint Louis University-Daniel Wood-(Interview is about transfer admissions, Daniel is a transfer counselor) Colby College-Randi Arsenault* University of Georgia-David Graves* University of Minnesota-Keri Risic Cornell University-Jonathon Burdick Akil Bello of Akilbello.com Oberlin College-Manuel Carballo Carleton College-Art Rodriguez Swarthmore-Jim Bok Joy St. Johns-Harvard Duke-Christoph Guttentag Florida State-John Barnhill Southern Methodist University-Elena Hicks Johns Hopkins-Calvin Wise Cornell University-Shawn Felton Haverford College-Jess Lord UAspire-Brendan Williams Yale University-Moira Poe Bard College- Baylor University Butler University California Institute of Technology Colorado School of Mines Creighton University     To sign up to receive Your College-Bound Kid PLUS, our free quarterly admissions deep-dive, delivered directly to your email four times a year, just go to yourcollegeboundkid.com, and you will see the sign up on the right side of the page under “the Listen to our podcast icons”   Follow Mark Stucker on Twitter to get breaking college admission news, and updates about the podcast before they go live. You can ask questions on Twitter that he will answer on the podcast. Mark will also share additional hot topics in the news and breaking news on this Twitter feed. Twitter message is also the preferred way to ask questions for our podcast:   https://twitter.com/YCBKpodcast   1. To access our transcripts, click: https://yourcollegeboundkid.com/category/transcripts/ 2. Find the specific episode transcripts for the one you want to search and click the link 3. Find the magnifying glass icon in blue (search feature) and click it 4. Enter whatever word you want to search. I.e. Loans 5. Every word in that episode when the words loans are used, will be highlighted in yellow with a timestamps 6. Click the word highlighted in yellow and the player will play the episode from that starting point 7. You can also download the entire podcast as a transcript   We would be honored if you will pass this podcast episode on to others who you feel will benefit from the content in YCBK.   Please subscribe to our podcast. It really helps us move up in Apple's search feature so others can find our podcast.   Don't forget to send your questions related to any and every facet of the college process to: questions@yourcollegeboundkid.com.   If you enjoy our podcast, would you please do us a favor and share our podcast both verbally and on social media? We would be most grateful!   If you want to help more people find Your College-Bound Kid, please make sure you follow our podcast. You will also get instant notifications as soon as each episode goes live.   Check out the college admissions books Mark recommends:   Check out the college websites Mark recommends:   If you want to have some input about what you like and what you recommend we change about our podcast, please complete our Podcast survey; here is the link:     If you want a college consultation with Mark or Lisa or Lynda, just text Mark at 404-664-4340 or email Lisa at or Lynda at lynda@schoolmatch4u.com. All they ask is that you review their services and pricing on their website before the complimentary session. Their counseling website is: https://schoolmatch4u.com/

Edward Chancellor is a financial historian, journalist, and author of, "Devil Take the Hindmost: A History of Financial Speculation" and his latest, “The Price of Time: The Real Story of Interest” The two books link together the history of money and finance, and human culture.  In today's episode we explore the ways in which money and finance is embedded deeper in our lives than we may have previously thought.  ------ ✨ DEBRIEF | Unpacking the episode:  https://www.bankless.com/debrief-edward-chancellor    ------ ✨ COLLECTIBLES | Collect this episode:  https://collectibles.bankless.com/mint  ------

The economic historian and former trader Anne Murphy looks back at the Bank of England in the 18th century. In Virtuous Bankers she shows how a private institution became ‘a great engine of state' and central to Britain's economic and geopolitical power. Anne Murphy tells Adam Rutherford that both its inner workings and outer structure had to command the respect of the general public. Interest was a fact of life long before the involvement of central banks and goes back as far as ancient Mesopotamia. In Price of Time the financial historian and Reuters' commentator Edward Chancellor explores its long history and warns of the financial instability caused by years of low interest rates. Far from benefitting the majority of individuals, the ultra-low rates following the banking crash in 2008 have proved a boon for bankers, financiers and corporate stakeholders. After the crash, the businessman David Fishwick was concerned that few people or small businesses in his home town of Burnley could get access to credit. His challenge to the traditional high street banks was to set up his own banking enterprise which became Burnley Savings and Loans – a story told in a Channel 4 series and the film Bank of Dave (on Netflix). He argues for a return to banking as a means to serve and grow the local economy. Producer: Katy Hickman

In the past few months, we have published a couple of robust overviews of DSCR loans, a popular loan product that has entered the scene over the past few years. DSCR loans enable investors to qualify for a mortgage loan on an investment property without consideration for personal income or “DTI” ratios—making these loans a top option for investors scaling portfolios, especially for single-family rental properties. Qualifying for the best rates and terms for DSCR loans is primarily driven by three factors: leverage, property cash flow, and credit. After that, investors can use advanced strategies such as optimally structuring loan terms such as prepayment penalties, adjustable rate options, and borrowing entities to tailor DSCR loans to their specific investing needs. Learn more about your ad choices. Visit megaphone.fm/adchoices

A person who lends money to another Jew on interest transgresses six Torah prohibitions. The Torah introduces the prohibition against lending on interest in five instances (twice in Shemot 22:24, once in Vayikra 25:36, and twice in Vayikra 25:37), and lending on interest entails as well a violation of "Lifnei Iver Lo Titen Michshol" (Vayikra 19:14), the prohibition against causing others to sin. As the Torah forbids borrowing on interest, as well, one who lends on interest in effect causes the borrower to violate the Torah, and he is thus liable for "Lifnei Iver," in addition to the prohibitions against lending on interest. (See Rabbi Moshe Halevi's "Milveh Hashem," page 29)The borrower is in violation of the prohibition of "Lo Tashich" (Devarim 23:20) – borrowing on interest – as well as "Lifnei Iver," in that his acceptance of the loan causes the lender to transgress the Torah. ("Milveh Hashem," page 42)Furthermore, all other parties participating in the loan may likewise be in violation of the Torah prohibition of "Lifnei Iver." This includes the one who draws up the contract, the witnesses who sign the contract, and any agents or lawyers involved in arranging or overseeing the loan. The level of their transgression depends on the circumstances. If the loan could not have taken place without their involvement, then these parties indeed transgress the Torah prohibition of "Lifnei Iver." If, however, the loan would have given even without their participation, then they do not transgress "Lifnei Iver," but they nevertheless violate the Rabbinic prohibition of "Mesayei'a Li'dvar Aveira" – taking part in a Torah violation. ("Milveh Hashem," page 45)If somebody did lend to another Jew on interest, he obviously cannot collect the interest despite the arrangement he made with the borrower. He is, however, entitled to the principal amount that he lent, though his ability to collect will depend on the particular circumstances. If the borrower admits to owing the sum, then he must certainly pay the lender that sum. If the borrower denies the debt, and the lender produces the contract as evidence to the loan, the contract is not necessarily valid. Since the witnesses committed a violation by signing this contract, they become disqualified as witnesses and the contract is thus worthless. The contract is valid only if the witnesses were unaware when they signed that their involvement in this loan constitutes a violation. In this case, since they did not intentionally violate Halacha through their participation, their signing does not disqualify them as witnesses and the contract is perfectly valid. Thus, the lender is entitled to collect the principal only if the lender admits to owing the money, or if the signatories were unaware that their participation violated Torah law. ("Milveh Hashem," page 61)(Based on Rabbi Moshe Halevi's "Milveh Hashem," chapter 2)Summary: Halacha forbids lending or borrowing money on interest, or participating in any way in such a loan, such as by drawing up the contract, or serving as a witness, agent or lawyer for one of the parties. If a person did lend on interest, he may not collect the interest. He may collect the principal amount if the borrower admits to owing the money; if the borrower denies the debt, the lender can prove his case with the contract only if its signatories were unaware when they signed that their participation violated Torah law.

In this episode, Ray sits down with SBA legend John Handmaker. John is the Co-Founder and Chief SBA Lending Officer at Venturus. Tune in to hear John look back on his 35 year in SBA lending, from the Money Store days, to creating multiple SBA shops - and all the ups and downs along the way.   Venturus is a nationwide direct small business lender specializing in U.S. Small Business Administration (“SBA”) loans for owner occupied commercial real estate, equipment, business acquisitions, partner buy-outs, debt refinance, growth capital and franchise financing. ----------------------------------------------------------------------- This episode is brought to you by the folks from Shatterbox. Lenders, would you like to hire top-shelf, pre-vetted talent to deepen your SBA bench?  Shatterbox is resurrecting the apprenticeship to solve the talent gap in SBA lending. Visit www.shatterbox.io for more information. The Cohort kicks off this Fall, and space is limited!

In this episode of Beyond Networth Podcast, we have Ben McAffee, a loan officer at Momentum Loans. Listen in as we talk about building momentum by taking the first step and the value of work ethics. Also watch out for his advice on how to prepare yourself better financially.

If a person is approached by two different people in need of a loan, and he is able to lend to only one of them, to whom should he afford precedence?Rabbi Moshe Halevi addresses this issue in his work "Milveh Hashem," and rules that if a person is approached by a poor person and a wealthy person, priority is given to the poor individual (as discussed in a previous Daily Halacha). If the two people's financial statuses are roughly equal, but one of them is related to the lender, then the relative is awarded precedence. If neither are related to the lender, but one of them resides in the same town as the lender, then the fellow townsman is given preference. (See Rabbi Moshe Halevi's "Milveh Hashem," pages 14-15.)If a person is approached for loans by a Jew and a gentile, then he must grant the Jew precedence. Even though the gentile offers to pay interest on the loan, while from the Jew, of course, the lender cannot receive interest, he should forego on the potential profit and give the Jew an interest-free loan. This is the explicit ruling of the Gemara in Masechet Bava Mesia (71A). (Ibid page 26)In introducing the obligation to lend money, the Torah speaks of lending money to "Ahicha" – "your brother" (Devarim 15:7). The Sages understood this term to mean "Ahicha Be'misvot" – "your brother with regard to Misvot" – thus indicating that the obligation to lend money applies only to those who are Torah observant; one bears no obligation to lend to Jews who are not Torah observant. (Y"D siman 251:1.) Nevertheless, as Rabbi Moshe Halevi rules, it is permissible to lend money to non-observant Jews who transgress the Torah not as an expression of rebellion or contempt for Judaism, but simply because they were not raised and educated along the path of Torah observance. By and large, all non-observant Jews nowadays fall into this category (which in Halachic terminology is called "Tinokot She'nishbu" – "children who had been taken captive" and were not given a religious education). Thus, although there is no strict obligation to lend money to non-observant Jews nowadays, it is certainly permissible to do so. (See Rabbi Moshe Halevi's "Milveh Hashem," page 22.)Summary: One who is approached by two people in need of loans should give precedence to a poor individual over a wealthy person. If both have a similar financial status, priority is given to the lender's relative; if both are either related or not related to the lender, priority is given to the lender's townsman. A Jew takes precedence over a gentile, even though the gentile offers to pay interest. The obligation to lend money does not apply to lending to non-observant Jews, though it is certainly permissible to do so.

In this episode you will hear:   (14:36) Mark and Vince discuss Danielle Braff's April 25th, 2023 article entitled, “Sorry You've Been Rejected, Now Let's Party   (29:37) Mark and Lisa discuss a question from Bobbi from Ohio. She wants to know if colleges in remote areas help facilitate transportation to major airports   (39:02) We continue with our interview with Dr. Christine Gangelhoff who is an expert on all things related to studying music in college. Lisa interviews Christine in this interview you do not want to miss, Part 3 of 3   (50:52) The recommended resource is Edurank.org   (01:01:30) Sylvia Borgo discusses the advantages of the Semester at Sea travel abroad program.   We now have set up audio recordings in your own voice for any question you send in for our “question from a listener” segment. In order to send us an audio message, just go to speakpipe.com/YCBK. You can also use this for many other purposes: 1) Send us constructive criticism about how we can improve our podcast 2) Share an encouraging word about something you like about an episode or the podcast in general 3) Share a topic or an article you would like us to address 4) Share a speaker you want us to interview 5) Leave positive feedback for one of our interviewees. We will send your verbal feedback directly to them and I can almost assure you, your positive feedback will make their day. Speakpipe.com/YCBK is our preferred method for you to ask a question and we will be prioritizing all questions sent in via Speakpipe. If you have a question for one of our upcoming interviews with admissions professionals, here is a list of admissions professionals who we will interview in 2023 or 2024 Confirmed interviews not yet completed Bard-Mackie Siebens Rice University-Tamara Siler American University-Andrea Felder Pitzer College-Yvonne Berumen Chapman University-Marcela Meija-Martinez Connecticut College-Andy Strickler* Trinity College-Anthony Berry* College of the Atlantic-Heather Albert* Spelman College-Chelsea Holley* Scripps College-Victoria Romero* Saint Louis University-Daniel Wood-(Interview is about transfer admissions, Daniel is a transfer counselor) Colby College-Randi Arsenault* University of Georgia-David Graves* University of Minnesota-Keri Risic Cornell University-Jonathon Burdick Oberlin College-Manuel Carballo Carleton College-Art Rodriguez Swarthmore-Jim Bok Joy St. Johns-Harvard Duke-Christoph Guttentag Florida State-John Barnhill Southern Methodist University-Elena Hicks Johns Hopkins-Calvin Wise Cornell University-Shawn Felton Haverford College-Jess Lord UAspire-Brendan Williams Yale University-Moira Poe Akil Bello of Akilbello.com Bard College Baylor University Butler University California Institute of Technology-Ashley Pallie Colorado School of Mines Creighton University University of Puget Sound- Robin Aijian   To sign up to receive Your College-Bound Kid PLUS, our new monthly admissions newsletter, delivered directly to your email once a month, just go to yourcollegeboundkid.com, and you will see the sign-up popup.   Check out our new blog. We write timely and insightful articles on college admissions: https://yourcollegeboundkid.com/category/blog/ Follow Mark Stucker on Twitter to get breaking college admission news, and updates about the podcast before they go live. You can ask questions on Twitter that he will answer on the podcast. Mark will also share additional hot topics in the news and breaking news on this Twitter feed. Twitter message is also the preferred way to ask questions for our podcast:   https://twitter.com/YCBKpodcast   1. To access our transcripts, click: https://yourcollegeboundkid.com/category/transcripts/ 2. Find the specific episode transcripts for the one you want to search and click the link 3. Find the magnifying glass icon in blue (search feature) and click it 4. Enter whatever word you want to search. I.e. Loans 5. Every word in that episode when the words loans are used, will be highlighted in yellow with a timestamps 6. Click the word highlighted in yellow and the player will play the episode from that starting point 7. You can also download the entire podcast as a transcript   We would be honored if you will pass this podcast episode on to others who you feel will benefit from the content in YCBK.   Please subscribe to our podcast. It really helps us move up in Apple's search feature so others can find our podcast.   If you enjoy our podcast, would you please do us a favor and share our podcast both verbally and on social media? We would be most grateful!   If you want to help more people find Your College-Bound Kid, please make sure you follow our podcast. You will also get instant notifications as soon as each episode goes live.   Check out the college admissions books Mark recommends:   Check out the college websites Mark recommends:   If you want to have some input about what you like and what you recommend, we change about our podcast, please complete our Podcast survey; here is the link:     If you want a college consultation with Mark or Lisa or Lynda, just text Mark at 404-664-4340 or email Lisa at or Lynda at Lynda@schoolmatch4u.com. All they ask is that you review their services and pricing on their website before the complimentary session. Their counseling website is: https://schoolmatch4u.com/

5.10.23 Kevin opens the show with last night's NBA playoff action and the Nuggets taking Game 5 from the Suns. Kevin reacts to the article in the Athletic reporting that Dan Snyder is giving the Harris Group a loan to buy the Commanders. Daniel Kaplan, The Athletic, on his story this morning that Dan Snyder is loaning Josh Harris money to buy the Commanders. 

Join us for an exciting episode as we explore the world of commercial real estate. We'll provide insider perspectives on banking systems and financial institutions, and essential information about loan-related issues that all savvy investors should know. With high-stakes revelations and thrilling insights, you shouldn't miss this week's episode!   WHAT YOU'LL LEARN FROM THIS EPISODE Possibility of a commercial real estate crash  Factors that influence property values and a formula to calculate them Why are real estate vacancies on the rise The impact of overbuilding in the real estate market  How refinancing differs between residential and commercial real estate   RESOURCES MENTIONED IN THIS EPISODE CNBC The Bottomline: The Coming Commercial Real Estate Crash that May Never Happen Wells Fargo Bank Wells Fargo PNC Bank JPMorgan Chase & Co. National Multifamily Housing Council   CONNECT WITH US: If you need help with anything in real estate, please email: invest@rpcinvest.com  Reach Ron: RP Capital Leave podcast reviews and topic suggestions: iTunes Subscribe and get additional info: Get Real Estate Success Facebook Group: Cash Flow Property Facebook Community

Dawn Dai speaks about visiting her FM listener Mr. Meredith at the hospital after having heart surgery and the fun-filled day she had with Ms. Marilyn. Everything in life is finite. We're here for a good time not a long time, so we have to make it count. We're on loan.See omnystudio.com/listener for privacy information.

Gags Tandon is joined by Dave Hendrick, Dan Kennett and Mo Chatra to discuss how they go about working on this summer's squad changes and work through the squad to decide on who they Keep, Loan or Sell!Prefer to listen to our shows without the ads? We've got your back, just head on over to http://anfieldindexpro.com and supercharge your listening experience.Chat and debate 24/7 with other Reds, join our FREE Discord community at https://bit.ly/3geu605Follow us on Twitter: https://bit.ly/3u9gYShFind us on Facebook: https://bit.ly/3KWFxbdSubscribe on YouTube: https://bit.ly/3KXImsjFREE iOS app: https://apple.co/3KSqdMGFREE Android app: https://bit.ly/32KMxqmSupport this show http://supporter.acast.com/theanfieldindex. Hosted on Acast. See acast.com/privacy for more information.

In this episode you will hear:   ²  Mark discusses a new approach to take on college tours if you can't spend multiple hours at each college you are interested ²  Lisa interviews Lynda Doepker on the topic of things students and parents should do between the time a senior selects a college through the first semester in college, Part 2 of 2       Our favorite way for you to leave a question or any message for us is to put speakpipe.com/YCBK in your browser and take up to 90 seconds to leave a message. We recommend you share your first name and your state, but you can also be anonymous.   If you do not want to verbally leave a message for us by using speakpipe.com/YCBK you can send in your questions either on Twitter at @YCBKpodcast using the Messages tab  or via email at .   You can also send in questions for our interviews by using speakpipe.com/YCBK. Our interviews are confirmed for 2023 and 2024 with the following leaders at the following schools: Confirmed interviews not yet completed Bard-Mackie Siebens Rice University-Tamara Siler American University-Andrea Felder Pitzer College-Yvonne Berumen Chapman University-Marcela Meija-Martinez Connecticut College-Andy Strickler* Trinity College-Anthony Berry* College of the Atlantic-Heather Albert* Spelman College-Chelsea Holley* Scripps College-Victoria Romero* Saint Louis University-Daniel Wood-(Interview is about transfer admissions, Daniel is a transfer counselor) Colby College-Randi Arsenault* University of Georgia-David Graves* University of Minnesota-Keri Risic Cornell University-Jonathon Burdick Akil Bello of Akilbello.com Oberlin College-Manuel Carballo Carleton College-Art Rodriguez Swarthmore-Jim Bok Joy St. Johns-Harvard Duke-Christoph Guttentag Florida State-John Barnhill Southern Methodist University-Elena Hicks Johns Hopkins-Calvin Wise Cornell University-Shawn Felton Haverford College-Jess Lord UAspire-Brendan Williams Yale University-Moira Poe Bard College- Baylor University Butler University California Institute of Technology Colorado School of Mines Creighton University     To sign up to receive Your College-Bound Kid PLUS, our free quarterly admissions deep-dive, delivered directly to your email four times a year, just go to yourcollegeboundkid.com, and you will see the sign up on the right side of the page under “the Listen to our podcast icons”   Follow Mark Stucker on Twitter to get breaking college admission news, and updates about the podcast before they go live. You can ask questions on Twitter that he will answer on the podcast. Mark will also share additional hot topics in the news and breaking news on this Twitter feed. Twitter message is also the preferred way to ask questions for our podcast:   https://twitter.com/YCBKpodcast   1. To access our transcripts, click: https://yourcollegeboundkid.com/category/transcripts/ 2. Find the specific episode transcripts for the one you want to search and click the link 3. Find the magnifying glass icon in blue (search feature) and click it 4. Enter whatever word you want to search. I.e. Loans 5. Every word in that episode when the words loans are used, will be highlighted in yellow with a timestamps 6. Click the word highlighted in yellow and the player will play the episode from that starting point 7. You can also download the entire podcast as a transcript   We would be honored if you will pass this podcast episode on to others who you feel will benefit from the content in YCBK.   Please subscribe to our podcast. It really helps us move up in Apple's search feature so others can find our podcast.   Don't forget to send your questions related to any and every facet of the college process to: questions@yourcollegeboundkid.com.   If you enjoy our podcast, would you please do us a favor and share our podcast both verbally and on social media? We would be most grateful!   If you want to help more people find Your College-Bound Kid, please make sure you follow our podcast. You will also get instant notifications as soon as each episode goes live.   Check out the college admissions books Mark recommends:   Check out the college websites Mark recommends:   If you want to have some input about what you like and what you recommend we change about our podcast, please complete our Podcast survey; here is the link:     If you want a college consultation with Mark or Lisa or Lynda, just text Mark at 404-664-4340 or email Lisa at or Lynda at lynda@schoolmatch4u.com. All they ask is that you review their services and pricing on their website before the complimentary session. Their counseling website is: https://schoolmatch4u.com/

On this episode of DIY Money, Quint and Daniel talk about what would happen to your mortgage, car loan, etc. if your bank were to fail.

Robin Simon is a partner at Easy Street Capital overseeing the "DSCR Loan" platform, specializing in financing short-term rentals. We are one of the nation's leaders and forerunners of lending on STRs, pioneering use of alternative qualification methods (AirDNA, etc.), and recently medium-term rentals and co-housing. https://linktr.ee/robinsimonesc www.instagram.com/robinsimonesc www.linkedin.com/robinsimonesc www.twitter.com/robinsimonesc Watch Mike's free hotel case study at www.strsecrets.com/hotels. Connect with the Hosts Michael Sjogren: Short Term Rental Secrets Facebook Group | Clubhouse | Instagram | Youtube | Facebook Page | Linkedin https://linktr.ee/the_airbnbguy Emanuele Pani: Clubhouse | Instagram | Facebook | Linkedin Watch Mike's free masterclass training on www.strsecrets.com/masterclass Learn more about your ad choices. Visit megaphone.fm/adchoices

I'm going to call these thoughts: The Difference Between Making It and Making DoOne of my all-time favorite movies is It's a Wonderful Life. No surprise, it's one of the world's most beloved films and one of the American Film Institute's Top 100 Movies of All Time. It's hard to keep track of all the life lessons in It's a Wonderful Life but one of my favorite scenes is where George and his wife Mary—newly married—are supposed to be heading off for the honeymoon of a lifetime. This part of the film is set during the Great Depression and that afternoon there's a run on the bank, and George and Mary painfully decide to use their honeymoon savings to keep the Bailey Building and Loan solvent. They forfeit their dream to stay home and take care of other people. Why? Because sometimes life really sucks. When George is done with that awful day he finds that Mary has transformed a desperately run down abandoned house into a magical space for their wedding night. There are posters of far away lands in the windows, flowers, candles, music playing from a phonograph that is also turning a spit with two chickens roasting over the fire in the fireplace. Mary Bailey has faced a sad, difficult day and made do.I feel her. It feels like I've been making do my entire life. But instead of resenting it, I've come to the opinion that making do is just about the most important skill a person can master. I've also witnessed making do elevated to nothing less than an art form. Making do is making the best out of what you've got. It's about mixing limited resources into a recipe, the flavor of which becomes greater than the sum of its parts.In my opinion there are at least three reasons why mastering the art of making do is so important. First, we all want to be happy and fulfilled. Second, we all have limited resources. And third, life is beautiful but life is never perfect. Some part of life will always be painful, always be difficult, and always suck.Making do is about finding all the good and taking responsibility for the all bad. By the way, taking responsibility for everything that happens to you is not the same as taking the blame for it. All sorts of things happen to you that are not your fault. But if you're going to heal and thrive then everything has to be your responsibility. Making do is about not becoming entitled, not giving up, and embracing with gratitude what you have. Making do is not about surrendering your dreams. It's about recognizing that this current moment—not your dreams—is where all life is lived. And this moment will always be far more important than any dream could ever be.Tina and I started our life together in a very different financial place than we are now. We were never poor but we had more struggles than we would've preferred—often having to make decisions between keeping the telephone on or keeping the gas on. And that's ok, because I married a Mary Bailey. Wherever we've lived, be it ever so humble, our home has always been a special place because Tina and I make do. I can honestly tell you we've never had a conversation about what will life look like when we “make it.” "Making it” is a bit too slippery and elusive a concept for me. I don't know if I've already “made it” or if I'm ever going to "make it.” What I do know is how to make do. And I am confident of this one thing: for richer, or poor, in sickness and in health, for as long as we both will live, we will do our best to make do. So that every day is a day worth living, and every moment is a moment not wasted. And when it comes to not wasting moments I highly recommend mastering the humble, precious art of making do. Making do works in any and every context. It's not just about tough times. It's not just about turning lemons into lemonade. It's definitely not about settling or letting go of your dreams. It's about staying as much as possible in this present moment, which in the end is the only life any of us actually have.Making do is being grateful that you have this moment and making sure that this moment is the most it can be. In my book, the people who can make do are the people who have really “made it.” And the people who stand the best chance of building themselves a beautiful life.

This week's theme on the Retirement Quick Tips Podcast is: Top 5 Money Traps To Avoid Today, I'm talking about a money trap that may not seem like a money trap at first glance: the 401k loan.  The 401k loan is essentially a loan you take from yourself. You're borrowing from your own 401k balance, and then when you re-pay the loan, you'll pay interest, but that interest on the 401k loan, you're paying to yourself.  So it sounds like the loan is free and low risk. But here's why 401k loans are money traps:  They're tempting for the reasons I just mentioned. For this reason, people who use 401k loans tend to view their 401k as a piggy bank to tap into whenever they need, not as an account set aside for retirement. Viewing it this way causes many borrowers to tap into their 401k more often and borrow at higher amounts.  When you borrow money from your 401k, you're losing out on the investment earnings you otherwise would have had if they money stayed in  hte account and stayed invested. That wouldn't have been a problem in 2022 when your 401k went down in value, but what if you had a 401k loan outstanding in 2019-2021. The S&P 500 was up 29% in 2019, 16% in 2020, and 27% in 2021. The cost of the loan is essentially equal to those returns you missed out on while your money wasnt invested, making the real cost quite significant.  You repay your loan using after-tax money. That's a horrible financial tradeoff when most of the time, your original contributions were made on a pre-tax basis. Think of it this way: if you're in the 24% tax bracket, you now have to work about 1/4 more to get the money back into your 401k, compared to when you made the original contributions.  I work with a lot of 401k plans, so I see firsthand what people tend to do when they take a loan. And very often, they stop contributing to their 401k while they're repaying the loan. We're talking potentially tens of thousands if not more in a lower 401k balance because of lower or no contributions while repaying the loan.  All kinds of problems if you change jobs or get laid off or fired. The loan becomes due by the time you file for your next tax return. And if you default, you're looking at taxes and penalties on the loan. So despite seeming attractive on the surface, a 401k loan is definitely a big money trap, and should only be used for a true emergency, and paid back as soon as possible.  That's it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.     ---------- >>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs >>> Visit the podcast page: https://truenorthra.com/podcast/  ---------- Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

Aston and Mike spend the second half of today's pod debating the fates and classifications of Arsenal's players.  Untouchable, First Team, Squad Players, Loan, or Sell?   The Board listens to us, why wouldn't you? 

In this episode you will hear:   (25:28) Mark and Susan discuss James Murphy's third educational brief in his trilogy on the “Future of Fair Admissions”. This third and final entry looks at “Admissions Transparency and Accountability”   (01:00:40) Mark and Lisa discuss a Speakpipe question about an article Jamaal Bowman wrote on Legacy admissions. The listener asks us to comment on this article.   (01:09:24) We continue with our interview with Dr. Christine Gangelhoff who is an expert on all things related to studying music in college. Lisa interviews Christine in this interview you do not want to miss, Part 2 of 3   (01:18:20) The recommended resource is Greek rank, a source of information on Greek life on college campuses.   (01:28:30) Lynda Doepker has her first College Spotlight and it is about a recent visit she had to Loyola University Chicago, Part 2 of 2   We now have set up audio recordings in your own voice for any question you send in for our “question from a listener” segment. In order to send us an audio message, just go to speakpipe.com/YCBK. You can also use this for many other purposes: 1) Send us constructive criticism about how we can improve our podcast 2) Share an encouraging word about something you like about an episode or the podcast in general 3) Share a topic or an article you would like us to address 4) Share a speaker you want us to interview 5) Leave positive feedback for one of our interviewees. We will send your verbal feedback directly to them and I can almost assure you, your positive feedback will make their day. Speakpipe.com/YCBK is our preferred method for you to ask a question and we will be prioritizing all questions sent in via Speakpipe. If you have a question for one of our upcoming interviews with admissions professionals, here is a list of admissions professionals who we will interview in 2023 or 2024 Confirmed interviews not yet completed Bard-Mackie Siebens Rice University-Tamara Siler American University-Andrea Felder Pitzer College-Yvonne Berumen Chapman University-Marcela Meija-Martinez Connecticut College-Andy Strickler* Trinity College-Anthony Berry* College of the Atlantic-Heather Albert* Spelman College-Chelsea Holley* Scripps College-Victoria Romero* Saint Louis University-Daniel Wood-(Interview is about transfer admissions, Daniel is a transfer counselor) Colby College-Randi Arsenault* University of Georgia-David Graves* University of Minnesota-Keri Risic Cornell University-Jonathon Burdick Oberlin College-Manuel Carballo Carleton College-Art Rodriguez Swarthmore-Jim Bok Joy St. Johns-Harvard Duke-Christoph Guttentag Florida State-John Barnhill Southern Methodist University-Elena Hicks Johns Hopkins-Calvin Wise Cornell University-Shawn Felton Haverford College-Jess Lord UAspire-Brendan Williams Yale University-Moira Poe Akil Bello of Akilbello.com Bard College Baylor University Butler University California Institute of Technology-Ashley Pallie Colorado School of Mines Creighton University University of Puget Sound- Robin Aijian   To sign up to receive Your College-Bound Kid PLUS, our new monthly admissions newsletter, delivered directly to your email once a month, just go to yourcollegeboundkid.com, and you will see the sign-up popup.   Check out our new blog. We write timely and insightful articles on college admissions: https://yourcollegeboundkid.com/category/blog/ Follow Mark Stucker on Twitter to get breaking college admission news, and updates about the podcast before they go live. You can ask questions on Twitter that he will answer on the podcast. Mark will also share additional hot topics in the news and breaking news on this Twitter feed. Twitter message is also the preferred way to ask questions for our podcast:   https://twitter.com/YCBKpodcast   1. To access our transcripts, click: https://yourcollegeboundkid.com/category/transcripts/ 2. Find the specific episode transcripts for the one you want to search and click the link 3. Find the magnifying glass icon in blue (search feature) and click it 4. Enter whatever word you want to search. I.e. Loans 5. Every word in that episode when the words loans are used, will be highlighted in yellow with a timestamps 6. Click the word highlighted in yellow and the player will play the episode from that starting point 7. You can also download the entire podcast as a transcript   We would be honored if you will pass this podcast episode on to others who you feel will benefit from the content in YCBK.   Please subscribe to our podcast. It really helps us move up in Apple's search feature so others can find our podcast.   If you enjoy our podcast, would you please do us a favor and share our podcast both verbally and on social media? We would be most grateful!   If you want to help more people find Your College-Bound Kid, please make sure you follow our podcast. You will also get instant notifications as soon as each episode goes live.   Check out the college admissions books Mark recommends:   Check out the college websites Mark recommends:   If you want to have some input about what you like and what you recommend, we change about our podcast, please complete our Podcast survey; here is the link:     If you want a college consultation with Mark or Lisa or Lynda, just text Mark at 404-664-4340 or email Lisa at or Lynda at Lynda@schoolmatch4u.com. All they ask is that you review their services and pricing on their website before the complimentary session. Their counseling website is: https://schoolmatch4u.com/

Today on the podcast, Ray travels to the NAGGL conference in St. Louis to sit down with Scott Oliver, Partner at Lewis Kappes. Ray and Scott discuss why attorneys are afraid of engaging on social media, the secrets behind his firms outstanding customer service, and some of the major pitfalls in SBA closings.  Scott's LinkedIn: https://www.linkedin.com/in/scottoliver5/ This episode is brought to you by the folks from Shatterbox. Lenders, would you like to hire top-shelf, pre-vetted talent to deepen your SBA bench? Shatterbox is resurrecting the apprenticeship to solve the talent gap in SBA lending. Visit www.shatterbox.io for more information. The Cohort kicks off this Fall, and space is limited!

☝️ Click above ☝️ to follow the show, it is pretty much the only thing that keeps the show visible and it makes me very happy.Paydown curves are one of my favourite things. Get a few glasses of wine in me and the right audience at an industry event, and I'll happily chat about them long into the night. The thing is, they can create the impression that there's only one route to Present Value = 0 And that really doesn't need to be the case. After all, everything else in life fluctuates, so why can't your loan balance follow a more fluid path downward? That's not the most elegant way of describing Custom Credit's philosophy, but it's not that far off. Custom Credit was set up with three mission statements in mind: (1) to become the most customercentric fintech in the UK; (2) to ensure our colleagues better reflect our customers; and (3) to improve financial literacy, both in terms of our customers and the broader community.Join us as we chat about spending time to understand customer needs, staffing to reflect customer needs, and, ah, designing products that react to customer needs.Custom Credit is at https://www.customcredit.co.uk/Custom Credit are also on Linked in at - https://www.linkedin.com/company/custom-credit/ - and as Damien said, you can find him on LinkedIn, too (just tell him the podcast sent you)You can learn more about myself, Brendan le Grange, on my LinkedIn page (feel free to connect), my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24If you have any feedback, questions, or if you would like to participate in the show, please feel free to reach out to me via the contact page on this site.Regards, Brendan Hosted on Acast. See acast.com/privacy for more information.

“The Fortune is in the Follow-Up” 2022 $90M 258 units Mike learned the business in a refi operation and learned that staying after client's desires and priorities is what made him so successful. He became the #1 salesperson at each of the companies he worked for. Mike was making 50% more calls than anyone else. He simply outworked people. Mike prides himself on asking smart questions and taking notes with clients, and making sure that he doesn't let them give up on what they've said that they want to do. ____________________________________________ Bill Hart is a coach in the mortgage industry, and the author of the book "White Collar Warrior: Lessons for Sales Professionals from America's Military Elite" Buy on Amazon: https://www.amazon.com/White-Collar-W... Follow Bill Hart on social media at @coachbillhart for more. _____________________________________________ #AllIn #AllInPodcast #Coaching #Mortgage #MovementMortgage #TakeMoreGround #MovementOfChange #MortgageAdvice #RecruitingTips #LeadershipDevelopment #LoanOfficer #MortgageCoaching #Mindset #Leadership #RealEstate #loanofficers

Integrated Business Financing President. In the last 14 years, Jonathan has helped thousands of entrepreneurs to the beat of ½ a billion dollars in funding. How to Get the Best Financing Possible Without Stepping Foot in a Bank Getting the right financing for a new business or to grow a business can be difficult, and banks are not very flexible in this regard. Jonathan has great advice to share to get around the bank and get the financing plan they are looking for. How to Cut Payment Processing Costs by 95% The cost of processing payments in business adds up fast, and there seems to be no way around this. However, there are great solutions to minimize these costs, make payments more efficient and effective.  Never Say Never (Ever) Your business may be cash flow positive, EBITDA healthy, nowhere near concerned with contribution margin... The access to lines of credit, additional working capital, and negative cash conversion cycles are what can save once credit-worth Duns and Bradstreet business from getting its own door slammed in its face.    Leave Some Feedback: Who should we have on the show next? Please let us know in the comments below Did you enjoy the episode? If so, please leave a short review.   Connect with Us: TheHowtoEntrepreneur.com Instagram Twitter LinkedIn   Today's Sponsors: JavaPresse Coffee Company - #1 Rated Coffee Grinder on Amazon (Free Grinder in Link) SANESolution - Harvard Medical endorsed body & mind health framework American Dream U -  Transitioning veteran professionals

Many banks are updating their requirements and rules regarding physician loans. Doug talks about changes you may see at various banks around the US. He also offers his free book Hippocratic House: Do No Harm When Purchasing Your First Physician Loan to you at www.DougCrouse.com.

Rachel Cruze answers your questions and discusses: "Should we buy land before or after leaving the military?" Paying extra on the house vs. saving for a new house, from the blog: How to Pay Off Your Mortgage Early, Travel spending: what conveniences are worth it? from the blog: Travel Hacks That Will Save You Money, "How do I pay off credit cards I haven't paid on in years?" "Pay off small loans first even if they have 0% interest?" "Should we put our whole budget on autopay?" Support Our Sponsor: Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Join a Personality-led FPU class. Click here! Enter The Ramsey Cash Giveaway for a chance at $3,000! https://bit.ly/TRSgvwy Shop our bestsellers during the $10 Sale! https://bit.ly/TRS10Sale Enter The Ramsey Cash Giveaway for a chance at $3,000! https://bit.ly/TRSgvwy Shop our bestsellers during the $10 Sale! https://bit.ly/TRS10Sale Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Interested in advertising on The Ramsey Show? https://ter.li/s64ye3 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

People get mind-fucked by money at some point in their lives.   When I was a kid, my family had made so much money by the time I was 5 years old,  life was looking pretty good.   It was easy.  But then, the Savings and Loans crash came in the 80s, and the economy was thrown upside down.  They went from having tons of cash, and resources, to nothing.  One of my grandmothers went to jail for cooking the books and my grandfather lost his business.  Eventually, the stress and pressure of an adjustment in lifestyle sent my family into a downward spiral.  Money comes and goes.  When I started coming up and making a little money, I struggled with keeping it.  I felt like I didn't deserve it.  In this episode, I'll break down some best tips on how to not get mind fucked by money starting with:  -When you have some, you're ultimately responsible for it. -Don't give your money to people who promise something that sounds too good to be true -Stop paying for people who can't afford to pay their own rent -Make sure you keep your money working for you And one final tip......... Act as you deserve it.  If you work hard for it, and do the work necessary to get it, don't apologize to those who haven't done the same work.  #RiseAbove    HOW TO GET INVOLVED:  This planet is based on an algorithm and with every positive action, there is an adverse reaction.  Ryan Stewman rose and overcame a life of addiction, imprisonment, divorce, and circumstances that would break the spirit of the average human being.  He went on to create a powerful network of winners and champions in life and business creating a movement quickly changing lives one day at a time.  Learn more at: www.JoinTheApex.com   Check out this show and previous killer episodes of the ReWire Podcast in Apple Podcasts.

SEGMENT‌ ‌1 with ‌Monica Parker,‌ ‌‌starting‌ ‌at‌ ‌0:00‌:‌ ‌How do you lead your company and still live a wonderful life? This is a question small business owners have been trying to answer forever, but it is now even more important since the COVID pandemic.SEGMENT‌ ‌2 with ‌Alan Roth,‌ ‌‌starting‌ ‌at‌ 23:45:‌ ‌With the banking crisis, where can small businesses go to borrow money now?SEGMENT‌ ‌3 with Melissa Stephenson,‌ ‌‌starting‌ ‌at‌ 39:45:‌ ‌ What is the cost of a talkative coworker on others' productivity and what can a business owner do about it?Sponsored by Truly Financial.-- Visit Barry's Blog for complete show notes.

Learn how to harvest equity without giving up your low, fixed-rate mortgage. Today, I discuss: conventional loans for single-family rentals, DTI, refinancing, accessing equity, student loan debt, and down payment requirements for income properties with Ridge Lending Group President, Caeli Ridge. Learn what's better for a second mortgage—the pros and cons of a HELOC vs. Home Equity Loan. You also get a mortgage market overview. We discuss changes in cash-out refinance seasoning requirements.  Caeli also describes where she believes mortgage rates are headed later this year. Resources mentioned: Show Notes: www.GetRichEducation.com/447 Ridge Lending Group: www.RidgeLendingGroup.com info@ridgelendinggroup.com Join us for tomorrow's free GRE Florida properties webinar: www.GREwebinars.com Ridge's All-In-One Loan Simulator: https://ridgelendinggroup.com/aio-simulator/ Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free—text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Speaker 0 (00:00:00) - Welcome to GRE! I'm your host Keith Weinhold. You can get a conventional loan for a single family rental with less than a 20% down payment. Learn why you might want to refinance today. Even though mortgage rates aren't as low as they were a couple years ago, how do you qualify for loans if you've already got student loan debt? All things mortgages and financing today on Get Rich Education, Speaker 2 (00:00:29) - You are listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education.   Speaker 0 (00:00:52) - Welcome to GRE from K Patis North Carolina to Hattiesburg, Mississippi and across 188 nations worldwide. I'm Keith Weinhold. This is Get Rich Education, the voice of real estate investing since 2014. Before we get into a great education on all things mortgages today, there is still a little bit of time left for you to join us on tomorrow night's G R E Live event. You can join us from the comfort of your own home. This is for new build single family rentals, opt to four plexes in Jacksonville, Ocala, and elsewhere in Florida. Purchase prices are still below 300 K on the single families. Yes, still in the two hundreds in some cases. I don't know how long that can last. Yeah, these are the property types that are quickly vanishing. Our investment coach Naresh Stars in that event tomorrow, he finds you the good deals with the national providers that are actually giving incentives despite the fact that the product that you're buying is in really short supplies.   Speaker 0 (00:01:59) - You're gonna get a good, solid, fundamental education on what makes a durable income property market and a arrest in the Florida provider are going to share with us just for webinar attendees. Those even better than two and two incentives. Yes, for you, the incentives on the webinar are even better than that 2% of your purchase price paid do you in closing costs cash and 2% of free property management. It is going to be even better than that. That's gonna be rolled out tomorrow night, May 2nd at 8:30 PM Eastern, 5:30 PM Pacific. It is free to attend. You can ask questions live, get your questions answered and get access to the actual properties should you so choose. That is the final reminder. So if that's of any interest to you, be sure to sign up now@grewebinars.com. I'm coming to you from the Mojave Desert today here in metro Las Vegas.   Speaker 0 (00:03:04) - It's Henderson Nevada. To be technical next week I'll bring you the show from Phoenix, Arizona. And you know what? It's kind of funny. Sometimes you hear people refer to this general area of the nation this southwest and they say they are going to the desert if they were doing what I'm doing. Well this unrepentant geography nerd will clarify that it is the deserts plural. Yes, Las Vegas is in the Mojave Desert in Phoenix is in the Sonora Desert. There are differences in vegetation type and others that distinguish the two. And the most obvious difference perhaps is the presence of the big iconic Saguaro cactus down in the Sonora that you don't find up here in the more northerly Mojave and perhaps the Joshua tree is the more distinct plant type here in the Mojave. Yes, we're talking about two gigantic pieces of real estate here. Much of it is baron. Two disparate deserts with their own distinctive flora and fauna. As you're about to learn about financing real estate today, let's remember that there is a cash out refinance and then generally if you're performing a refinance without pulling cash out, that is known as a rate and term refinance. Let's get into it.   Speaker 0 (00:04:30) - Well hey, well how do you qualify for more mortgage loans at the lowest interest rate available, Americans have near record equity levels in their homes. What's the best way to access that equity yet keep your low mortgage rate in place? And what about your student loan debt and how that factors into you getting a mortgage or getting a refinance? We're answering all that today with a GRE regular guest and though it's her first appearance back on the show this year, it's the return of the company president that's created more financial freedom through real estate than any other lender in the entire nation, Ridge Lending Group. It's time for a big welcome back to Caeli Ridge.   Speaker 3 (00:05:08) - Keith Wein. Hold. Thank you. You flatter me sir. I appreciate it. Love being here with you and for your listeners.   Speaker 0 (00:05:14) - Well yes, the president is back and everyone loves this type of president because it's not about being a Democrat or Republican. So hail to the chief, great to have you here. And Jaylee mortgage rates, they have settled down a good bit from their recent highs now they peaked back in the fall of last year. So with that and some of the other things in mind, why don't you talk to us about the big picture first, sort of your mortgage market overview.   Speaker 3 (00:05:40) - Interest rates is always top of mind for everybody. I think they're doing pretty well. I do believe I've been sharing with our listeners and and my clients on a day-to-day. I do believe that rates will continue to kind of increase here and there. There's gonna be some ups and downs. Of course the Fed has been very clear with us. Jerome Powell is gonna continue to raise the Fed fund rate just for anybody that doesn't know the two between a mortgage rate and a Fed fund rate while connected, not the same thing. So when they raise that does not automatically mean that we see the increase on the the 30 year mortgage bonds. I think that that's gonna continue to happen, but I think the pace in which it happens or continues to happen is gonna be a lot less aggressive. So I think that's gonna bode well overall.   Speaker 3 (00:06:21) - For interest rates. I know everybody is very, very interested in in are they going up, are they going down, when are they going up, when are they going down? I think that we'll continue to see a little bit of upward movement. I think it's gonna be sometime next year that we start to see interest rates come back down in any meaningful way. And remember gang rates go up much, much faster than they come back down unfortunately. So I think we've got a little bit of way to go. But I'm always the one saying, Keith, you and I have talked about this, um, many, many times you must be doing the math and that the rate as a function of the return of the investment isn't the most important thing. So I'll leave it there for rates. Otherwise, I think that the industry is doing really, really well.   Speaker 3 (00:06:58) - One big announcement that we had this year was that Fannie and Freddie both have extended the seasoning period of time to where a cash out refinance when leverage was used to acquire is applicable. So now you have to wait 12 months to pull, to pull cash out of a property using the A R V that after repair value if you use leverage to acquire the property. Quick distinction because this has been confused. If you paid cash for the property, your source and season funds, that still falls under what's called the delayed cash out refi and no seasoning is required. It's only when leverage was used to acquire the property and then they're trying to use an after repair value to pull cash out in hand. Is that 12 month seasoning rate and term is different. So that doesn't apply either.   Speaker 0 (00:07:45) - Okay. So if you make a purchase and then say it less than 12 months down the road, you want to do a refi but not pull cash out, is that still all right?   Speaker 3 (00:07:55) - That's absolutely fine. No seasoning is required and we can use the arv. It's only when you want cash in your hand that that 12 months is is applicable.   Speaker 0 (00:08:04) - Got it. Okay. That's really helpful to know. Just big picture before we winnow down, are there any other big substantial mortgage stories out there that some should know about? Um, it was only a couple weeks ago, there was a lot of misinformation going around on TikTok and elsewhere about 40 year loans from F H A without people understanding that's just for loan modifications and really other stories like that. Any other big picture things where you can help us see what's happening?   Speaker 3 (00:08:30) - It seems to be par for for the course? I have not. There's nothing that's come across my desk that I would say was newsworthy or noteworthy to share. I think we've got more to unpack here than any of that.   Speaker 0 (00:08:40) - Yeah and things sure are picking up here around G R e. People wanna buy more properties this year. It really slowed down toward the end of last year, right about when the mortgage rates were at their peak. So when we talk about getting loans, we think about leverage. Leverage is created with debt. Has anything changed with the down payment requirements for an income property? And we're largely here in today's discussion talking about one to four unit income properties. Properties that you don't live in yourself,   Speaker 3 (00:09:08) - Correct down payments have have remained the same. There isn't been anything that has changed there. Just to reiterate, for those that may not be aware on a single family residence, conventionally 85% loan to value is applicable. You can leverage all the way up to 85, you're putting 15% down. Keep in mind everybody that that will have pmi, private mortgage insurance attached to it, I would have you look at them side by side. The PMI factors actually pretty low and depending on the loan size it may only be 20, 30 bucks a month. So if you're able to leverage extra, it may make sense. You're gonna have to look at the numbers so that single family and then two to four unit on a purchase transaction different on a refinance transaction but purchase is 25% down or 75% leverage is required for those duplex, triplex, fourplexes.   Speaker 0 (00:09:54) - Okay, so as little as 15% down on a rental single family home. So you're getting up to six to one, seven to one leverage in that case. Sheila, do you find very many people doing that or would they rather pay the 20% down for a rental single family home and not have the pmi?   Speaker 3 (00:10:10) - I find that right now I think that it's less common than maybe it was because interest rates are up from where they were, uh, a year, year and a half ago. So more often than not we see the 20% down. But I still think it's worth looking at. I mean you're never gonna know unless you run the numbers right side by side.   Speaker 0 (00:10:25) - Okay, so we're thinking about how much cash we have to have put aside for a down payment in closing costs. And one thing that we need to do in order to qualify for that loan in the first place of course is some people get hung up on the dti, their debt to income ratio is too high to qualify for property and chaley. Over the past few months I've had a few listeners write in with questions and I thought, well I'll say that question until we have chale on again. And one of them really has to do with student loan debt. Student loan debt often contributes to one having too high of a debt to income ratio so that they didn't have to repay their loan. I know that Biden said that you wouldn't have to pay back student loan debt for a while, but can you talk to us specifically about student loan debt with D T I?   Speaker 3 (00:11:06) - There's gonna be a few pieces to share with everybody depending on whether we're talking about Fannie Mae or Freddie Mac and we won't know who we're gonna end up selling to after the loan funds. And they have slightly different guidelines between the two of them. Similar. But there are some differences as it relates to student loan debt regardless of whether you're in deferment or you've been told that you don't have to repay. If it shows up on an individual's credit report, the calculation will be as follows. They're going to take the outstanding balance times 1%, that's Fannie Mae's rule or the outstanding balance times half a percent. That's Freddie Mac rule and that will be the payment that we include in the debt to income ratio. Uh, I'll mention that the all-in one, which is a very popular loan right now. First Lean HeLOCK, maybe we'll talk about that here today. They will defer to Fannie rules so it'll be 1% of the outstanding debt pulling on the credit report even if it shows a zero payment listed. Now there is one caveat, if the individual has a letter, this happened maybe in the last six months and I'm trying to think about, there was a title, it's pretty rare. But if they're able to gain access to documentation that specifies that they are not going to have to repay that debt and we can take that documentation, then we can zero out that payment in the D T I.   Speaker 0 (00:12:22) - Alright, there's some strategies for how you can approach D T I with respect to any student loan debt that you have and what is the maximum D T I that a borrower can have?   Speaker 3 (00:12:34) - Conventionally and non qm, you're gonna get to 50% debt to income ratio for the all-in-one since we just touched on it, 43% is the absolute max.   Speaker 0 (00:12:43) - Okay. And on prior shows, Chile and I have discussed specifically with examples just how that D T I is calculated. If you're wondering, you can hear that in some past episodes Chile one one goes ahead and they continue to add income properties to their portfolio. Often I recommend that one does that with high leverage but not over leverage. How does one keep their D T I ratio down over time as they continue to add properties so that they can qualify for more properties in the future? Is there a good strategy for that?   Speaker 3 (00:13:14) - There is, and it's such a good question because as investors, right, our qualification primers are not static. They're going to change over time as we buy and sell and refinance. So it's very, very important, especially with the debt to income ratio that we're keeping an eye on it. And there's a few ways in which you can kind of strategize or optimize that D T I. The first is going to be the Schedule E, okay? The Schedule E is where all the rental properties are going to live once you've filed the annual tax return. The easiest way for the time that we have here today, Keith, is gonna be to tell the listeners, send us your draft returns. So on an ongoing basis we tell our active clients do not file federal tax returns until you send us the draft. We're going to run that draft through the pre-formulated calculation that comes straight from Fannie, Freddie and then we're gonna provide you with some feedback, one of which may be Mr.   Speaker 3 (00:14:03) - Jones, you forgot to include your insurance as a deduction and that's actually an add back that's gonna be to your disadvantage. Make sure that you put that in there. You didn't claim the full number of days of income for the property, you forgot to put depreciation on there. That's also an add back. There's a whole slew of things that we can look at and look for and give the individual that feedback so that they are filing at that optimal way while maintaining what the maximized tax credits are, right? There's a nice balance there. The more aggressive you are with the tax deductions, the more it can impact the D T I. So we wanna have eyes on that and work closely with the client and or their CPA is a very common part of what we do. So schedule E a little more complicated, that would be one of the the ways in which we wanna maximize debt to income ratio.   Speaker 3 (00:14:45) - Obviously not obtaining new debt, new consumer debt is is not gonna be to our advantage, right? We don't want more liability than we have income. Another thing is, is that when we talk about credit and a lot of clients that we talk to, they pay their credit cards off monthly, right? Maybe they charge up five grand, eight grand, 10 grand, they get a miles or whatever it is. It's very important to communicate with us to find out when in the month we wanna strategically pull the credit. Because what will happen is is that the day in which we take that snapshot, if there's a minimum payment due, a balance with a minimum payment, that minimum payment will be used in the individual's debt to income ratio regardless of whether they're gonna pay it off at the end of the month. That doesn't matter to us.   Speaker 3 (00:15:26) - There's a payment here, we gotta hit you for it. So strategizing on the day in which we wanna run credit might be another helpful way for D T I. And then finally, and there's probably a few other things, but I think high use would be, I don't like the shorter term amortizations. I think this is something else you and I have talked about many times, Keith, where people wanna pay off quicker, which is great if that's really what they wanna do, that's perfectly fine. I'm not sure that that would be my strategy, but whatever. Don't get yourself into a 15 year fixed mortgage because it's only gonna jack that payment. It's gonna really increase that payment. It's ultimately going to, for long-term optimization, hurt your D T I. You can do the same thing with a 30 year mortgage and not pay extra interest by accelerating the debt if that's what you chose. So those would be the the few things I'd comment on   Speaker 0 (00:16:10) - 100%. And for you the listener and viewer right now with what you just heard from chaley, you can begin to understand the value of working with a lender that works specific with income property investors rather than those lenders that are more geared toward primary residents, borrowers. Nothing wrong with them but they're in their lane during their thing. And you can understand why Chaley over there at Ridge is really a specialist to help you qualifying for as many income property loans as you possibly can and optimizing those loans as well. Chaley, when we talk about interest rates, oftentimes it's of interest to people to look at what are refinance interest rates like versus new purchase interest rates.   Speaker 3 (00:16:54) - I would say on average there's a variety of of variables that dictate what the rate is gonna be. Okay? I talk about this a lot. They're called LPAs loan level price adjustments. And a loan level price adjustment is a positive or negative number that attaches to the characteristic of the loan transaction. So purchase or refi, hash out refi rate and term refi credit score has its own L L P A loan to value, loan size occupancy. All of these come with a positive or negative number attached to them as it relates to purchase versus refinance. Generally speaking, let's take a rate and term refi where you're not getting cash out, you're just maybe taking an arm and making it affix. You're taking a higher rate and making it lower, whatever, maybe about a half a point difference. So if a purchase was at six and a half, the re rate and term refinance might be at 6 75 or 7%, cash out's gonna be a little bit different. I would add a quarter point to that and then if, if it's a two to four unit, add another quarter point on top of that. So those variables do make a difference.   Speaker 0 (00:17:53) - And maybe the listener might think, well why are you talking about refinancing at a time like this? If I wanted to refinance, I would've been more likely to do that about two years ago when mortgage rates read historic lows. But today Americans are sitting on near record equity, oftentimes it might be tied up in a low mortgage rate loan with that equity chaley. I talked to some people out there just lay people, people that aren't even investors and they have a big equity position with a really low mortgage interest rate loan and they seem to think that to refinance it, they would need to go ahead and refinance their entire mortgage and lose that maybe three or 4% loan, but they don't necessarily have to if they can do a second mortgage. So I guess really what I'm getting at and the question chaley is what is the best way to do a rate and term refi versus a cash out refi? And I know there are a lot of scenarios there.   Speaker 3 (00:18:44) - Yeah, lots of scenarios. So to your point, it is not necessary to give up a very low fixed rate mortgage if you want to harvest some of that equity. The ways in which, and I'm gonna have a plug after this for the all in one, but I'll get to that cuz I'm just such a big fan. But the ways in which you can do that both for your primary residents, a second home and an investment will be through a second lien mortgage, whether it be a heloc, home equity line of credit or a he loan, the HE loan is applicable for the rental properties. I do not believe, I hope somebody can give me alternative information, but I do not believe you're able to find second lean HELOCs for rentals today. I feel like those have really dried up if they're out there, the ones that I know of that used to do them are not doing them anymore.   Speaker 3 (00:19:27) - If they're out there and anyone's listening to this, somebody please let me know. Keylock for rental probably not an option. He loan for rental absolutely is an option. And this is guys a fixed rate mortgage in second lean position, just like your 30 year fixed first, this will be a 30 year fixed second interest rates are gonna be higher. And since we were talking about interest rates, I'm gonna say that they're probably anywhere from 10 to 13%, but they're smaller amounts. C L T V combined loan to value for a he loan on a rental would be 85% is what we have access to. So as quick math guys, if you have a value of a home of a hundred thousand and you owe on your first mortgage 50,000, the CLTV would be 85% of a hundred. So 85,000 minus the 50001st, which stays in place, you'd have access to about 35,000 in that example. And that would be access to rental properties that you just do not want to mess with that first lien mortgage different for owner-occupied. And I'll take your queue on when you want me to get into that.   Speaker 0 (00:20:26) - Yeah. Okay. So we are just talking about income property second mortgages there. Tell us about primary residences.   Speaker 3 (00:20:32) - So primary and secondary should be in the same bucket. You can leverage just 90% C L T B, same math as before but up to 90% And these are gonna be, you have HeLOCK and he loan. I'm gonna assume most people are gonna go for the HeLOCK, right? The open-ended revolving is definitely more attractive than a closed-ended fixed I believe in a second lien. And you know Prime is at eight I believe right now. Gosh, I should have checked before we go on, but I think Prime is sitting, it's an index. An indices like the Fed fund rate, that's an index two prime is at about eight. And then depending on the characteristics, those l LPAs that I mentioned, loan level price adjustments are gonna come up with a margin. Maybe it's 2% over prime or one or whatever it is depending on those things. So I would anticipate a HELOC and second lie position on a primary residence will be anywhere from eight to maybe 10%. More often than not is what you should expect. Interest only open-ended.   Speaker 0 (00:21:24) - And on the second mortgages, whether that takes the form of a HELOC or a HE loan, how long is the initial fixed rate period? Typically   Speaker 3 (00:21:32) - There are hybrids where you can fix in for a year or three years, et cetera. Those are available. I'm not sure that you wanna do that in a high rate environment. You probably wanna avoid any fixed rate right now if you had the option to get into it a couple of years ago, you're looking really good right now because you fixed in at at some ridiculously low rate for a period of two, three, maybe five years. I would tell people listening, fixing in on a HELOC right now is not gonna be your advantage when we believe that rates are gonna start coming down over the next year, et cetera. But for the HE loan, it's fixed for 30 years. Just like a 30 year fixed first lie mortgage, it's fixed, you have it four 30 years, it's amortized, it's closed ended. You're making your regular payments until you pay it off after the 30 year period of time.   Speaker 0 (00:22:13) - We're talking about how you can more efficiently borrow in this environment where people and investors have high equity positions and we have hopefully come off the mortgage rate highs from late last year. You're listening to Get Risk Education. Our guest is Ridge Lending Group President Chaley Ridge Morton, we come back. I'm your host Keith White Hole with JWB Real Estate Capital. Jacksonville Real Estate has outperformed the stock market by 44% over the last 20 years. It's proven to be a more stable asset, especially during recessions. Their vertically integrated strategy has led to 79% more home price appreciation compared to the average Jacksonville investor. Since 2013, JWB is ready to help your money make money, and to make it easy for everyday investors, get started at jw b real estate.com/g rre. That's JWB real estate.com/g R E GRE listeners can't stop talking about their service from Ridge Lending Group and MLS 40 2056. They've provided our tribe with more loans than anyone. They're truly a top lender for beginners and veterans. It's where I go to get my own loans for single family rental property up to four plexes. So start your pre-qualification and you can chat with President Chaley Ridge personally. They'll even deliver your custom plan for growing your real estate portfolio. start@ridgelendinggroup.com.   Speaker 4 (00:23:45) - This is Rich Dad sales advisor, Blair Singer, listen to Get Rich Education with Keith Wine Hold and above all don't quit your daydream.   Speaker 1 (00:24:03) - Welcome   Speaker 0 (00:24:04) - Back to Get Rich Education. We're learning about how to be a savvy borrower with President of Ridge Lending Group, Chaley Ridge and Chaley. One product you have there that's really flexible and has helped out so many people and helped save borrowers tens of thousands of dollars in interest or more is what's called your all in one loan. Tell us about it.   Speaker 3 (00:24:25) - This is a first Lean HeLOCK everyone. I'm such a big fan, it's not for everybody, but for the right individual, I don't know that there is a loan product to rival it. It's got all the flexibility in the world and as Keith said, the mechanics of this and the concept of this arbitrage, it's called Velocity Banking, infinity Banking. If anybody's familiar with those terms, that's what this does. It allows you all the open flexibility to sort of become your own bank where you have this line of credit. It is a first lien line of credit. So let's take a a step back and talk about those low interest rates that everybody has secured over the last couple of years. We were very lucky to have to two and a half, 3% interest rates. And I'm constantly having this conversation and I'm really trying hard to dispel the psychology of you can never do better than that when it's just not the truth.   Speaker 3 (00:25:14) - And mathematically you will be able to figure this out. I'm gonna plug our website here. There is an interactive simulator that will take you to the all-in-one simulator where you can compare your existing fixed first lien mortgage to the All in one and and the input data is very, very simple. No vials of blood here guys, but if the input is accurate, the results page will tell you very clearly if the all-in one will save interest and Trump over the 30 year fixed at two and a half or whatever it is, or if you're fixed rate mortgage is more to your advantage, it will be very clear there'll be no mistaking it from that. I think further conversations will be necessary for those that see some real value in the All In One. I won't go too far down that rabbit hole, it's a little bit more complicated than we probably have time for here. But the first Lean All In one is such a fantastic tool. I really encourage your listeners to go ahead and and check out at the very least the simulator and see how it applies to you.   Speaker 0 (00:26:08) - The all-in one loan operates much like a first lien heloc. I don't think we have time to describe it all. Like you said, you do have the simulator there on your website@ridgelendinggroup.com where one could see if their existing mortgage it compares favorably or unfavorably to the all-in one loan. But as we know with the first lien heloc, therefore one feature of the All in one loan is the option, not obligation, but option of making interest-only payments to keep your payment down.   Speaker 3 (00:26:34) - Yeah, this is where it gets a little bit tricky for some people when we start talking about payments FirstLine Open-ended HeLOCK, where it's called the All In one because you're replacing not only your mortgage with this revolving open-ended heloc, but also a checking and savings account and combining those two elements whereby simple depository income is being used at dollar for dollar driving down principle balance to save in daily interest accrual. I'm gonna give a quick example and then we can move on and, and I encourage everybody to do the simulator email us, let's talk through it. We'll take you by the hand. It's the learning curve's a little intense, it was even for me. But here's an example of velocity of money and kind of how the all-in-one works. So take a 30 year fixed mortgage and a 15 year fixed mortgage. Both of them started at $400,000 each.   Speaker 3 (00:27:22) - You lock the 30 year at 4% and the 15 year was locked at 7%. Without exception, everybody runs to the 30 year at 4%. I would've done the same if I didn't know the math when in fact the reality is is that you will pay $40,000 more on that 4% 30 year than you would on the 7% 15 year because the amount of time that you're paying on that mortgage is greatly reduced. And that's, I guess a, an easy concept. It's a, the first step of trying to define this for most people, they can kind of see it in those terms because they understand the amortized mortgage. It's the amount of time that you are paying interest. So if you're utilizing your depository checking savings and your mortgage and all of that money is going in there month after month before it's going back out the door for whatever your living expenses are. And then whatever's left over is, is stays in there. 24 7 access. Nothing changes about your current banking techniques or or strategies. It's all the same. But now you're in control. You've become your own bank. It's amazing. I can't say enough about it   Speaker 0 (00:28:24) - Talking about the all in one loan there. You sure can learn more from Ridge on that. Jaylee, is there really like anything else that I guess is noteworthy specifically in helping a borrower qualify for income property loans, maybe a common problem or a borrower hurdle that you see in there at Ridge?   Speaker 3 (00:28:43) - I would just boil it down to education. Just lack of information. It's not dear Google stuff. The guidelines and what's available. All of these things are changing on a consistent basis that real-time information's not available to them. So if I had to pick one thing, I would just say education. And I'm very proud to say that we really focus on that. If there's a value add about Ridge, I think there's quite a few. But the one that I think sticks out for most people is the education that we provide to our investors and shining a light and giving them a look under the hood and what they need to know, teaching 'em how to optimize their qualifications and all of the stuff that we've been talking about here today.   Speaker 0 (00:29:19) - Well that's a good point because when we talk about real estate investing, you're really, they're in one of the more dynamic and fast-changing parts of the industry as opposed to something like home construction where a lot of the methods haven't changed for 50 or more years, if you will. So yeah, it's really staying up and staying informed on that and engaging with a lot of the educational resources increasingly that Ridge has for you to help you stay on top of that as an income property bar yourself. And Shaley can tell us a bit more about that shortly. But why don't you tell us about all of the loan types, the mortgage products if you will, that you offer in there.   Speaker 3 (00:29:52) - That's another great value add about us. We have a very diverse menu, if you will, of loan products that don't just start and stop with the conventional. We're not a one size fits all. So we've got the Fannie Freddy's, we talk about that a lot. Our all in one, my favorite. We have a very diverse non QM product line and for those that aren't familiar with that term, QM stands for Qualified Mortgage. Fannie Mae and Freddie Mac are the, uh, epitome the definition of what a qualified mortgage is. There's a whole definition we don't need to go into today, but, so everything outside of that QM is now non qm. And within non qm, like I said, extremely diverse. There's things called the debt service coverage ratio product where we're not showing borrower income, we're just looking at the properties income offset by the new mortgage payment. There's bank statement products. If you can't show tax returns, we're gonna take deposits and average them asset depletion. If you've got large self-directed ira, we can come up with an income calculation for that. The list goes on. We've got commercial products for commercial properties, but also for residential properties. Cross collateralization. It's pretty diverse. We have a lot for everybody.   Speaker 0 (00:30:54) - When you excel in there, you've been such industry leaders at originating income property loans for investors were proportion of your businesses income property loans and what proportion is primary residence loans?   Speaker 3 (00:31:06) - A lot of people don't realize we can do both and we do both very well. But I would say that it's probably 70 30 not owner-occupied. To owner-occupied. A large part of what we do is the investor loans. But most of our investor clients come to us for their primary needs too because we already have their life on file and, and can get that done very competitively   Speaker 0 (00:31:24) - Too. , right? And you keep growing. You're in almost all 50 states now.   Speaker 3 (00:31:27) - I know. Can you believe it? We're in 47 states. We're not in North Dakota, New York, or Vermont, otherwise we're everywhere.   Speaker 0 (00:31:34) - Letter audience know how they can learn about your resources.   Speaker 3 (00:31:37) - There's a couple ways to find us our website, ridge lending group.com. They can email us, info ridge linen group.com. Our toll free is 8 5 5 74 Ridge 8 5 5 7 4 7 4 3 4 3. And while you're on our website gang, uh, check us out on our community. I have a live event every Tuesday, one 30 Pacific, uh, four 30 Eastern. Uh, lots of good information register and it's free. Lots of good information and, and education like we've been talking about here. Hope to see you.   Speaker 0 (00:32:05) - Oh, it's been a terrific and crucial mortgage market update. Chaley Ridge, thanks so much for coming back into the   Speaker 3 (00:32:11) - Show. Thank you. Appreciate it.   Speaker 0 (00:32:18) - Oh yeah, lots of good concise information there from Chaley. It's a type of content that can have you hitting the rewind button on your pod catcher at times. All right, so we learned that in a lot of scenarios there. Second, mortgages come with rather high interest rates that is prohibitive. But then on the other side, it's encouraging to learn, learn that on primary residences, for example, you can get up to 90% loaned value. That means you only need to keep 10% equity in your home. And as far as that all in one loan simulator, we'll put a link directly to that in the show notes for you. But like Chaley said, you might wanna reach out to them@ridgegroup.com and then they can help walk you through it. Thank you to Caeli for the generous contribution to your learning today. Until next week, I'm your host, Keith Weinhold. Don't quit your daydream.   Speaker 5 (00:33:15) - Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests on their own information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education L l C exclusively.   Speaker 6 (00:33:43) - The preceding program was brought to you by your home for Wealth building. Get rich education.com.

In this episode of Loan Officer Freedom, the #1 podcast for loan officers, your host Carl White interviews guest Ryan Whitfield, a loan officer based in Tallahassee, Florida. They emphasize the importance of leaving reviews for the podcast, which helps with search engine optimization and reaching wider audiences. Don't miss this episode as it provide s tips for loan officers on lead generation and nurturing relationships with referral partners. Tune in today – and be sure you subscribe on wherever you listen to your podcasts, so you don't miss newly released episodes. Click here for a free 60 - minute coaching call – we'll chat about how to map out a 60 - day plan for your specific business.

Taiwan's status in the world has never been clear and neither has the United States' position on the issue. In this Congressional Dish, via footage from the C-SPAN archive dating back into the 1960s, we examine the history of Taiwan since World War II in order to see the dramatic shift in Taiwan policy that is happening in Congress - and in law - right now. Please Support Congressional Dish – Quick Links Contribute monthly or a lump sum via PayPal Support Congressional Dish via Patreon (donations per episode) Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank's online bill pay function to mail contributions to: 5753 Hwy 85 North, Number 4576, Crestview, FL 32536. Please make checks payable to Congressional Dish Thank you for supporting truly independent media! View the show notes on our website at https://congressionaldish.com/cd272-what-is-taiwan Background Sources Recommended Congressional Dish Episodes CD259: CHIPS: A State Subsidization of Industry CD187: Combating China Taiwan History and Background “In Focus: Taiwan: Political and Security Issues” [IF10275]. Susan V. Lawrence and Caitlin Campbell. Updated Mar 31, 2023. Congressional Research Service. “Taiwan taps on United Nations' door, 50 years after departure.” Erin Hale. Oct 25, 2021. Aljazeera. “China must 'face reality' of Taiwan's independence: Taiwanese President Tsai Ing-wen.” Stacy Chen. Jan 16, 2020. ABC News. “Taiwan weighs options after diplomatic allies switch allegiance.” Randy Mulyanto. Sep 26, 2019. Aljazeera. U.S.-Taiwan Relationship Past “The Taiwan Relations Act” [Pub. L. 96–8, § 2, Apr. 10, 1979, 93 Stat. 14.] “22 U.S. Code § 3301 - Congressional findings and declaration of policy.” Cornell Law School Legal Information Institute. Current “China moves warships after US hosts Taiwan's Tsai.” Rupert Wingfield-Hayes. Apr 6, 2023. BBC News. “Speaker Pelosi's Taiwan Visit: Implications for the Indo-Pacific.” Jude Blanchette et al. Aug 15, 2022. Center for Strategic and International Studies. "Pelosi in Taiwan: Signal or historic mistake?” Aug 4, 2022. DW News. “China threatens 'targeted military operations' as Pelosi arrives in Taiwan.” News Wires. Feb 8, 2022. France 24. “Nancy Pelosi's visit to Taiwan would be 'ill-conceived' and 'reckless.'” Dheepthika Laurent. Feb 8, 2022. France 24. Presidential Drawdown Authority “Use of Presidential Drawdown Authority for Military Assistance for Ukraine.” Apr 19, 2023. U.S. Department of State Bureau of Political-Military Affairs. U.S. China Relationship “America, China and a Crisis of Trust.” Thomas L. Friedman. Apr 14, 2023. The New York Times. Laws H.R.7776: James M. Inhofe National Defense Authorization Act for Fiscal Year 2023 Full Text Outline of Taiwan Provisions TITLE X - GENERAL PROVISIONS Subtitle G - Other Matters Sec. 1088: National Tabletop Exercise By the end of 2023, the Secretary of Defense is to assess the viability of our domestic critical infrastructure to identify chokepoints and the ability of our armed forces to respond to a contingency involving Taiwan, including our armed forces' ability to respond to attacks on our infrastructure. TITLE XII - MATTERS RELATING TO FOREIGN NATIONS Subtitle E - Matters Relating to the Indo-Pacific Region Sec. 1263: Statement of Policy on Taiwan “It shall be the policy of the United States to maintain the capacity of the United States to resist a fait accompli that would jeopardize the security of thepeople of Taiwan.” Fait accompli is defined as, “the resort to force by the People's Republic of China to invade and seize control of Taiwan before the United States can respond effectively.” Sec. 1264: Sense of Congress on Joint Exercises with Taiwan Congress wants the Commander of the United States Indo-Pacific Command to carry out joint military exercises with Taiwan in “multiple warfare domains” and practice using “secure communications between the forces of the United States, Taiwan, and other foreign partners” Taiwan should be invited to participate in the Rim of the Pacific (RIMPAC) exercise in 2024. RIMPAC is a multinational maritime exercise, now the world's largest, that has happened 28 times since 1971. The last one took place in and around Hawaii and Southern California in the summer of 2022. 26 countries, including the US, participated. TITLE LV - FOREIGN AFFAIRS MATTERS Subtitle A - Taiwan Enhanced Resilience Act PART 1 - IMPLEMENTATION OF AN ENHANCED DEFENSE PARTNERSHIP BETWEEN THE UNITED STATES AND TAIWAN Sec. 5502: Modernizing Taiwan's Security Capabilities to Deter and, if necessary, Defeat Aggression by the People's Republic of China Grants: Expands the purpose of the State Department's Foreign Military Financing Program to “provide assistance including equipment, training, and other support, to build the civilian and defensive military capabilities of Taiwan” Authorizes the State Department to spend up to $100 million per year for 10 years to maintain a stockpile of munitions and other weapons (authorized by Sec. 5503). Any amounts that are not obligated and used in one year can be carried over into the next year (which essentially makes this a $1 billion authorization that expires in 2032). The stockpile money is only authorized if the State Department certifies every year that Taiwan has increased its defense spending (requirement is easily waived by the Secretary of State). Authorizes $2 billion per year for the Foreign Military Financing grants each year for the next 5 years (total $10 billion in grants). The money is expressly allowed to be used to purchase weapons and “defense services” that are “not sold by the United States Government” (= sold by the private sector). No more than 15% of the weapons for Taiwan purchased via the Foreign Military Financing Program can be purchased from within Taiwan Loans: Also authorizes the Secretary of State to directly loan Taiwan up to $2 billion. The loans must be paid back within 12 years and must include interest. The Secretary of State is also authorized to guarantee commercial loans up to$2 billion each (which can not be used to pay off other debts). Loans guaranteed by the US must be paid back in 12 years. Sec. 5504: International Military Education and Training Cooperation with Taiwan Requires the Secretary of State and Secretary of Defense to create a military training program with Taiwan by authorizing the Secretary of State to train Taiwan through the International Military Education and Training Program. The purposes of the training include enhancements of interoperability between the US and Taiwan and the training of “future leaders of Taiwan”. The training itself can include “full scale military exercises” and “an enduring rotational United States military presence” Sec. 5505: Additional Authorities to Support Taiwan Authorizes the President to drawdown weapons from the stocks of the Defense Department, use Defense Department services, and provide military education and training to Taiwan, the value of which will be capped at $1 billion per year The President is also given the “emergency authority” to transfer weapons and services in “immediate assistance” to Taiwan specifically valued at up to $25 million per fiscal year. Sec. 5512: Sense of Congress on Taiwan Defense Relations “The Taiwan Relations Act and the Six Assurances provided by the United States to Taiwan in July 1982 are the foundation for United States-Taiwan relations.” “The increasingly coercive and aggressive behavior of the People's Republic of China toward Taiwan is contrary to the expectation of the peaceful resolution of the future of Taiwan” “As set forth in the Taiwan Relations Act, the capacity to resist any resort to force or other forms of coercion that would jeopardize the security, or the social or economic system, of the people on Taiwan should be maintained.” The US should continue to support Taiwanese defense forces by “supporting acquisition by Taiwan of defense articles and services through foreign military sales, direct commercial sales, and industrial cooperation, with an emphasis on capabilities that support an asymmetric strategy.” Support should also include “Exchanges between defense officials and officers of the US and Taiwan at the strategic, policy, and functional levels, consistent with the Taiwan Travel Act.” PART 3 - INCLUSION OF TAIWAN IN INTERNATIONAL ORGANIZATIONS Sec. 5516: Findings “Since 2016, the Gambia, Sao Tome and Principe, Panama, the Dominican Republic, Burkina Faso, El Salvador, the Solomon Islands, and Kiribati, have severed diplomatic relations with Taiwan in favor of diplomatic relations with China” “Taiwan was invited to participate in the World Health Assembly, the decision making body of the World Health Organization, as an observer annually between 2009 and 2016. Since the 2016 election of President Tsai, the PRC has increasingly resisted Taiwan's participation in the WHA. Taiwan was not invited to attend the WHA in 2017, 2018, 2019, 2020, or 2021.” “United Nations General Assembly Resolution 2758 does not address the issue of representation of Taiwan and its people at the United Nations, nor does it give the PRC the right to represent the people of Taiwan.” Sec. 5518: Strategy to Support Taiwan's Meaningful Participation in International Organizations By the end of Summer 2023, the Secretary of State must create a classified strategy for getting Taiwan included in 20 international organizations. The strategy will be a response to “growing pressure from the PRC on foreign governments, international organizations, commercial actors, and civil society organizations to comply with its ‘One-China Principle' with respect to Taiwan.” PART 4 - MISCELLANEOUS PROVISIONS Sec. 5525: Sense of Congress on Expanding United States Economic Relations with Taiwan “Taiwan is now the United States 10th largest goods trading partner, 13th largest export market, 13th largest source of imports, and a key destination for United States agricultural exports.” Audio Sources Evaluating U.S.-China Policy in the Era of Strategic Competition February 9, 2023 Senate Foreign Relations Committee Witnesses: Wendy Sherman, Deputy Secretary of State, U.S. Department of State Ely Ratner, Assistant Secretary of Defense for Indo-Pacific Security Affairs, U.S. Department of Defense Clips 17:40 Wendy Sherman: We remain committed to our long standing One China Policy and oppose any unilateral changes to the cross-strait status quo. Our policy has not changed. What has changed is Beijing's growing coercion. So we will keep assisting Taiwan in maintaining a sufficient self-defense capability. 41:30 Sen. Marco Rubio (R-FL): I want to get a little broader because I think it's important to understand sort of the strategic vision behind our tactics on everything that we do. So if we go back to the late 80s, early 90s, end of the Cold War, and the gamble at the time was, if we created this international economic order, led by the US and the West, built on this global commitment to free trade, that this notion of that this trade and commerce would bind nations together via trade, via commerce and international interest and economic interest, that it would lead to more wealth and prosperity, that it would lead to democracy and freedom, basically domestic changes in many countries, and that it would ultimately ensure peace. The famous saying now seems silly, that no two countries with McDonald's have ever gone to war. That's obviously no longer the case. But the point being is that was the notion behind it. It was what the then Director General of the WTO called a "world without walls," rules-based international order. Others call it globalization. And basically, our foreign policy has been built around that, even though it's an economic theory it basically, is what we have built our foreign policy on. I think it's now fair to say that we admitted China to the World Trade Organization, Russia as well, I think it's now fair to say that while wealth certainly increased, particularly in China through its export driven economy, massive, historic, unprecedented amount of economic growth in that regard, I don't think we can say either China or Russia are more democratic. In fact, they're more autocratic. I don't think we can say that they're more peaceful. Russia has invaded Ukraine now twice, and the Chinese are conducting live fire drills off the coast of Taiwan. So I think it's fair to say that gamble failed. And we have now to enter -- and I think the President actually hinted at some of that in his speech the other night -- we're now entering a new era. What is that new era? What is our vision now for that world, in which not just the global international order and World Without Walls did not pacify or buy nations, but in fact, have now placed us into situations where autocracies, through a joint communique, are openly signaling that we need to reject Western visions of democracy and the like. So, before we can talk about what we're going to do, we have to understand what our strategic vision is. What is the strategic vision of this administration on what the new order of the world is? The Future of War: Is the Pentagon Prepared to Deter and Defeat America's Adversaries? February 7, 2023 House Armed Services Committee, Subcommittee on Cyber, Information Technologies, and Innovation Watch on YouTube Witnesses: Chris Brose, Author Rear Admiral Upper Half Mark Montgomery (Ret.), Senior Director, Center on Cyber and Technology Innovation, Foundation for Defense of Democracies Peter Singer, Strategist at New America and Managing Partner of Useful Fiction LLC Clips 1:16:30 Rear Adm. Mark Montgomery: We don't have weapons stowed in Taiwan. In the last National Defense Authorization Act you authorized up to $300 million a year to be appropriated for Taiwan-specific munitions. The appropriators, which happened about seven days later, appropriated $0. In fact, almost all of the Taiwan Enhanced Resilience Act, which you all pushed through the NDAA, ended up not being appropriated in the Consolidated Appropriations Act that passed eight days later. 30:10 Chris Brose: Nothing you do in this Congress will make larger numbers of traditional ships, aircraft and other platforms materialized over the next several years. It is possible, however, to generate an arsenal of alternative military capabilities that could be delivered to U.S. forces in large enough quantities within the next few years to make a decisive difference. Those decisions could all be taken by this Congress. The goal would be to rapidly field what I have referred to as a "moneyball military," one that is achievable, affordable and capable of winning. Such a military would be composed not of small quantities of large, exquisite, expensive things, but rather by large quantities of smaller, lower cost, more autonomous consumable things, and most importantly, the digital means of integrating them. These kinds of alternative capabilities exist now, or could be rapidly matured and fielded in massive quantities within the window of maximum danger. You could set this in motion in the next two years. The goal would be more about defense than offense, more about countering power projection than projecting power ourselves. It would be to demonstrate that the United States, together with our allies and partners, could do to a Chinese invasion or a Chinese offensive what the Ukrainians, with our support, have thus far been able to do to their Russian invaders: degrade and deny the ability of a great power to accomplish its objectives through violence, and in so doing to prevent that future war from ever happening. After all, this is all about deterrence. All of this is possible. We have sufficient money, technology, authorities, and we still have enough time. If we are serious, if we make better decisions now, we can push this looming period of vulnerability further into the future. The Pressing Threat of the Chinese Communist Party to U.S. National Defense February 7, 2023 House Armed Services Committee Watch on YouTube Witnesses: Admiral Harry B. Harris Jr., USN (Ret.), Former Commander, U.S. Pacific Command Dr. Melanie W. Sisson, Foreign Policy Fellow, Strobe Talbott Center for Security, Strategy, and Technology Clips 28:15 Rep. Mike Rogers (R-AL): China is the most challenging national security threat America has faced in 30 years. If we fail to acknowledge that and take immediate action to deter it, the next 30 years could be devastating for our nation. Under President Xi, the Chinese Communist Party has nearly tripled its defense spending in the last decade alone. The PLA has gone from an obsolete force barely capable of defending its borders to a modern fighting force capable of winning regional conflicts. The CCP now controls the largest army and navy in the world, with a goal of having them fully integrated and modernized by 2027. The CCP is rapidly expanding its nuclear capability; they have doubled their number of warheads in two years. We estimated it would take them a decade to do that. We also were just informed by the DOD [that] the CCP now has more ICBM launchers than the United States. The CCP is starting to outpace us on new battlefields as well. They have leapfrogged us on hypersonic technology, they are fielding what we are still developing. They are making advances in AI and quantum computing that we struggle to keep pace with. Finally, their rapid advances in space were one of the primary motivations for us establishing a Space Force. The CCP is not building these new and advanced military capabilities for self defense. In recent years, the CCP has used its military to push out its borders, to threaten our allies in the region, and to gain footholds on new continents. In violation of international law, the CCP has built new and commandeered existing islands in the South China Sea, where it has deployed stealth fighters, bombers and missiles. It continues to intimidate and coerce Taiwan, most recently by surrounding the island with naval forces and launching endless fighter sorties across its centerline. In recent years, the CCP has also established a space tracking facility in South America to monitor U.S, satellites, as well as an overseas naval base miles from our own on the strategically vital Horn of Africa. These are just a few destabilizing actions taken by the CCP. They speak nothing of the CCPs Belt and Road debt trap diplomacy, it's illegal harvesting of personal data and intellectual property, it's ongoing human rights abuses, and its advanced espionage efforts, the latter of which came into full focus for all Americans last week when the Biden administration allowed a CCP spy balloon to traverse some of our nation's most sensitive military sites. Make no mistake, that balloon was intentionally lost as a calculated show of force. 44:15 Dr. Melanie W. Sisson: Since 1979, the United States has adopted a constellation of official positions, together known as the One China policy, that allow us to acknowledge but not to accept China's perspective that there is one China and that Taiwan is part of China. Under the One China policy, the United States has developed robust unofficial relations with the government and people of Taiwan consistent with our interest in preserving peace and stability in the Taiwan Strait. US policy is guided by an interest in ensuring cross-strait disputes are resolved peacefully and in a manner that reflects the will of Taiwan's people. This has required the United States to deter Taiwan from declaring independence, and also to deter the CCP from attempting unification by force. The 40 year success of the strategy of dual deterrence rests upon the unwillingness of the United States to provide either an unconditional commitment to Taipei that it will come to its defense militarily, or an unconditional commitment to Beijing that we will not. The U.S. national security interest in the status of Taiwan remains that the CCP and the people of Taiwan resolve the island's political status peacefully. Dual deterrence therefore remains U.S. strategy, reinforced by U.S. declaratory policy which is to oppose unilateral changes to the status quo by either side. 45:28 Dr. Melanie W. Sisson: The modernization of the PLA has changed the regional military balance and significantly enough that the United States no longer can be confident that we would decisively defeat every type of PLA use of force in the Taiwan Strait. This fact, however, does not necessitate that the US abandon the strategy of dual deterrence and it doesn't mean that the United States should seek to reconstitute its prior degree of dominance. Posturing the U.S. military to convince the CCP that the PLA could not succeed in any and every contingency over Taiwan is infeasible in the near term and likely beyond. The PLA is advances are considerable and ongoing, geography works in its favor, and history demonstrates that it's far easier to arrive at an overconfident assessment of relative capability than it is to arrive at an accurate one. Attempting to demonstrate superiority for all contingencies would require a commitment of forces that would inhibit the United States from behaving like the global power that it is with global interests to which its military must also attend. This posture, moreover, is not necessary for dual deterrence to extend its 40 year record of success. We can instead encourage the government of Taiwan to adopt a defense concept that forces the PLA into sub-optimal strategies and increases the battle damage Beijing would have to anticipate and accept. 46:45 Dr. Melanie W. Sisson: U.S. military superiority in the Persian Gulf and Indian Ocean allows us to threaten the maritime shipping upon which China depends for access to energy, global markets, and supply chains. The inevitable damage a use of force would cause to the global economy and the imposition of sanctions and restricted access to critical inputs needed to sustain China's economic development and the quality of life of its people, moreover, would certainly compound China's losses. 1:04:50 Adm. Harry B. Harris: We're going to share the crown jewel of America's military technology, the nuclear submarine and the nuclear reactors, with another country and that's Australia. We have not done that with any other country, except for the UK, back in the late 50s, and into the 60s. So here we have the two countries with with that capability, the United States and the UK, and we're going to share that with Australia. It's significant. But it's only going to going to be significant over the long term if we follow through. So it's a decade long process. You know, some people the CNO, Chief of Naval Operations, has said it could be 30 years before we see an Australian nuclear submarine underway in the Indian Ocean. I said that if we put our hearts and minds to it, and our resources to it, and by ours, I mean the United States', the UK's and Australia's, we can do this faster than that. I mean we put a man on the moon and eight years, and we developed a COVID vaccine in one year. We can do this, but we're going to have to put our shoulders to the task for Australia, which has a tremendous military. For them to have the long reach of a nuclear submarine force would be dramatic. It would help us dramatically. It would change the balance of power in the Indian Ocean, and it will make Australia a Bluewater navy. They are our key ally in that part of the world and I'm all for it. 1:32:05 Adm. Harry B. Harris: I think this issue of strategic clarity versus strategic ambiguity is critical, and we have been well served, I'll be the first to say that, by the policy of strategic ambiguity with Taiwan over the past 44 years, but I think the time for ambiguity is over. I think we have to be as clear about our intent with regard to what would happen if the PRC invades Taiwan as the PRC is clear in its intent that it's ultimately going to seize Taiwan if need. 1:41:25 Adm. Harry B. Harris: I used to talk about during the Cold War with the Soviet Union, almost every branch of the U.S. government understood that the Soviet Union was the threat. You know, I used to joke even a park ranger, Smokey Bear, would tell you that the Soviets were the bad guys. We didn't have that comprehensive unified view of the PRC. You know, State Department looked at as in negotiation, DOD look at it as a military operation, Commerce looked at it as a trading partner, and Treasury looked at it as a lender. So we didn't have this unified view across the government. But I think now we are getting to that unified view and I think the Congress has done a lot to get us in that position. 1:49:45 Rep. Matt Gaetz (R-FL): We have the capability to block the transmission of information from the balloon back to China, don't we? Adm. Harry B. Harris Jr.: We do. Rep. Matt Gaetz (R-FL): And in this type of an environment do you think it's probably likely that we did that? Adm. Harry B. Harris Jr.: I would only guess, but I think General van Herk said that -- Rep. Matt Gaetz (R-FL): Well you can't see any reason why we wouldn't do that, right? U.S.-Taiwan Relations March 14, 2014 House Foreign Affairs Committee Witnesses: Kin Moy, [Former] Deputy Assistant Secretary for East Asian and Pacific Affairs, U.S. Department of State Clips 7:20 [Former] Rep. Eliot Engel (D-NY): Taiwan is a flourishing multiparty democracy of over 20 million people with a vibrant free market economy. It is a leading trade partner of the United States alongside much bigger countries like Brazil and India. Over the past 60 years, the U.S.-Taiwan relationship has undergone dramatic changes, but Taiwan's development into a robust and lively democracy underpins the strong U.S.-Taiwan friendship we enjoy today. 14:00 Rep. Brad Sherman (D-CA): I think that it's important that we provide Taiwan the tools to defend itself, but Taiwan needs to act as well. Taiwan spends less than $11 billion on its defense, less than 1/5 per capita what we in America do, and God blessed us with the Pacific Ocean separating us from China. Taiwan has only the Taiwan Strait. On a percentage of GDP basis, Taiwan spends roughly half what we do. So we should be willing to sell them the tools and they should be willing to spend the money to buy those tools. 1:11:50 Rep. Randy Weber (R-TX): I think Chris Smith raised the issue of a One China policy. Does it not bother you that that exists, that there are statements that people have made, high level officials, that said they they agreed on one China policy? Does the administration not view that as a problem? Kin Moy: Our one China policy is one that has existed for several decades now. Rep. Randy Weber (R-TX): Okay. Well, I take that as a no, but let me follow up with what Jerry Connolly said. So you haven't sold submarines yet, you don't take Beijing into account. People around the world watch us. Words and actions have consequences. Would you agree that y'all would be okay with a one Russia policy when it comes to Crimea and the Ukraine? Is that akin to the same kind of ideology? Kin Moy: Well, I can't speak to those issues. But again, we are obligated to provide those defense materials and services to Taiwan and we have been through several administrations, I think very vigilant in terms of providing that. U.S.-China Relations May 15, 2008 Senate Foreign Relations Committee Witnesses: Richard N. Haass, President, Council on Foreign Relations Harry Harding, Professor of International Affairs, George Washington University, 1995-2009 Clips 1:46:42 Richard N. Haass: The bottom line is China is not yet a military competitor, much less a military peer. Interestingly, I think Chinese leaders understand this. And they understand just how much their country requires decades of external stability so that they can continue to focus their energies and their attention on economic growth and political evolution. China is an emerging country, but in no way is it a revolutionary threat to world order as we know it. 1:47:20 Richard N. Haass: We alone cannot bring about a successful us Chinese relationship. What the Chinese do and say will count just as much. They will need to begin to exercise restraint and patience on Taiwan. There can be no shortcuts, no use of force. We, at the same time, must meet our obligations to assist Taiwan with its defense. We can also help by discouraging statements and actions by Taiwan's leaders that would be viewed as provocative or worse. 2:03:47 Harry Harding: Now with the support and encouragement of the United States, China has now become a member of virtually all the international regimes for which it is qualified. And therefore the process of integration is basically over, not entirely, but it's largely completed. And so the issue, as Bob Zoellick rightly suggested, is no longer securing China's membership, but encouraging it to be something more, what he called a "responsible stakeholder." So this means not only honoring the rules and norms of the system, but also enforcing them when others violate them, and assisting those who wish to join the system but who lack the capacity to do so. It means, in other words, not simply passive membership, but active participation. It means accepting the burdens and responsibilities of being a major power with a stake in international peace and stability, rather than simply being a free rider on the efforts of others. Now, China's reacted to the concept of responsible stakeholding with some ambivalence. On the one hand, it appreciates that the United States is thereby seeking a positive relationship with China. It suggests that we can accept and even welcome the rise of Chinese power and Beijing's growing role in the world. It certainly is seen by the Chinese as preferable to the Bush administration's earlier idea that China would be a strategic competitor of the United States, as was expressed during the campaign of 2000 and in the early months of 2001. However, Beijing also perceives, largely correctly, that America's more accommodative posture as expressed in this concept is conditional. China will be expected to honor international norms and respect international organizations that it did not create and it may sometimes question. And even more worrying from Beijing's perspective is the prospect that it's the United States that is reserving the right to be the judge as to whether Chinese behavior on particular issues is sufficiently responsible or not. Taiwanese Security August 4, 1999 Senate Foreign Relations Committee Witnesses: David “Mike” M. Lampton, Founding Director, Chinese Studies Program, Nixon Center Stanley Roth, Assistant Secretary, East Asian and Pacific Affairs, U.S. Department of State Caspar W. Weinberger, Former Secretary, Department of Defense James Woolsey, Former Director, CIA Clips 9:00 Sen. Joe Biden (D-DE): Taiwan security, in my view, flows from its democratic form of government's growing economic, cultural and political contacts with the mainland and, ultimately, the United States' abiding commitment to a peaceful resolution of the Taiwan question. In my opinion, we should concentrate on strengthening those areas rather than spend time pre-authorizing the sales of weapon systems, some of which don't even exist yet. 20:10 Stanley Roth: There are three pillars of the [Clinton] administration's policy. First, the administration's commitment to a One China policy is unchanged. Regardless of the position of the parties, we have not changed our policy. The President has said that both publicly and privately. Second, we believe that the best means to resolve these issues is by direct dialogue between the parties themselves. We have taken every opportunity, including on my own trip to Beijing last week with Ken Lieberthal from the NSC, to urge the PRC to continue this dialogue. It strikes us that it's precisely when times are difficult that you need to dialogue, and to cancel it because of disagreements would be a mistake. China has not yet indicated whether or not these talks will continue in the Fall, as had been previously anticipated, but they put out a lot of hints suggesting that it wouldn't take place, and we are urging them to continue with this dialogue. Third point that is integral to our position. We have stressed again, at every opportunity, the importance of a peaceful resolution of this issue and the President has made that absolutely clear, as did Secretary Albright in her meeting with Chinese Foreign Minister Tong in Singapore last week, as did Ken Leiberthal and I in our meetings in Beijing. But China can have no doubts about what the United States' position is, with respect to peaceful resolution of this issue. 1:29:15 Caspar Weinberger: So I don't think that we should be hampered by or felt that we are in any way bound by what is said by the communique, nor should we accept the argument that the communique sets the policy of the United States. 1:32:50 Caspar Weinberger: There are two separate states now, with a state-to-state relationship, and that the unification which was before emphasized, they repeated again in the statement of Mr. Koo, the head of their Trans- Strait Negotiating Committee, that the unification might come when China itself, the mainland, changes, but that that has not been the case and it is not now the case. 1:41:15 David “Mike” Lampton: Once both the mainland and Taiwan are in the WTO, each will have obligations to conduct its economic relations with the other according to international norms and in more efficient ways than now possible. 1:45:20 James Woolsey: The disestablishment of large, state-owned enterprises in China over the long run will bring some economic freedoms, I believe, that will quite possibly help change China and Chinese society and make it more conducive over time to political freedoms as well. But in the short run, the unemployment from the disestablishment of those enterprises can lead to substantial instability. U.S.-Taiwan Relations February 7, 1996 Senate Foreign Relations Committee, Subcommittee on East Asian and Pacific Affairs Witness: Winston Lord, Assistant Secretary of East Asian and Pacific Affairs, U.S. Department of State Clips 16:45 Winston Lord: The Taiwan Relations Act of 1979 forms the basis of US policy regarding the security of Taiwan. Its premise is that an adequate defense in Taiwan is conducive to maintaining peace and security while differences remain between Taiwan and the PRC. I'm going to quote a few sections here because this is a very important statement of our policy. Section two B states, "It is the policy of the United States to consider any effort to determine the future of Taiwan by other than peaceful means, including by boycotts or embargoes, a threat to the peace and security of the Western Pacific area, and of grave concern to the United States. To provide Taiwan with arms of a defensive character, and to maintain the capacity of the United States to resist any resort to force or other forms of coercion that would jeopardize the security or the socioeconomic system of the people on Taiwan." Section three of the TRA also provides that the "United States will make available to Taiwan such defense articles and defense services in such quantity as may be necessary to enable Taiwan to maintain a sufficient self defense capability." 18:00 Winston Lord: The key elements of the US policy toward the Taiwan question are expressed in the three joint communiques with the PRC as follows. The United States recognizes the government of the PRC as the sole legal government of China. The US acknowledges the Chinese position that there is but one China and Taiwan as part of China. In 1982, the US assured the PRC that it has no intention of pursuing a policy of two Chinas, or one China, one Taiwan. Within this context, the people the US will maintain cultural, commercial and other unofficial relations with the people of Taiwan. The US has consistently held that the resolution of the Taiwan issue is a matter to be worked out peacefully by the Chinese themselves. A sole and abiding concern is that any resolution be peaceful. 19:30 Winston Lord: The U.S. government made reciprocal statements concerning our intentions with respect to arms sales to Taiwan, that we did not intend to increase the quantity or quality of arms supplied, and in fact intended gradually to reduce the sales. At the time the joint communique was signed, we made it clear to all parties concerned that our tensions were premised on the PRC's continued adherence to a policy of striving for peaceful reunification with Taiwan. 21:30 Winston Lord: The basic inventory of equipment which Taiwan has or will have in its possession will, in our view, be sufficient to deter any major military action against Taiwan. While arms sales policy aims to enhance the self defense capability of Taiwan, it also seeks to reinforce stability in the region. We will not provide Taiwan with capabilities that might provoke an arms race with the PRC or other countries in the region. 21:55 Winston Lord: Decisions on the release of arms made without proper consideration of the long term impact. both on the situation in the Taiwan Strait and on the region as a whole, would be dangerous and irresponsible. If armed conflict were actually breakout in the Taiwan Strait, the impact on Taiwan, the PRC, and indeed the region, would be extremely serious. The peaceful, stable environment that has prevailed in the Taiwan Strait since the establishment of our current policy in 1979 has promoted progress and prosperity on both sides of the Taiwan Strait. The benefits to Taiwan and the PRC have been obvious and I outline these in my statement. All of these achievements would be immediately put at risk in the event of conflict in the Strait. Conflict would also be costly to the United States and to our friends and allies in the region. Any confrontation between the PRC and Taiwan, however limited in scale or scope, would destabilize the military balance in East Asia and constrict the commerce and shipping, which is the economic lifeblood of the region. It would force other countries in the region to reevaluate their own defense policies, possibly fueling an arms race with unforeseeable consequences. It would seriously affect the tens of thousands of Americans who live and work in Taiwan and the PRC. Relations between the US and the PRC would suffer damage regardless of the specific action chosen by the President, in consultation with Congress. For all these reasons, we are firmly determined to maintain a balanced policy, which is best designed to avoid conflict in the area. Music Presented in This Episode Intro & Exit: Tired of Being Lied To by David Ippolito (found on Music Alley by mevio)