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The advantage of being an old man is that you can remember the past. This gives you a different perspective on current events. But if that old man is foolish enough to share his thoughts, the average person will smile tolerantly and pat him on his head and tell him that he is just “a lovable old dinosaur who is out-of-touch and living in the past.”Screw it. I'm going to go ahead say what I'm thinking.A few years ago, Big Data was going to change the world. Big Data came and went.Then we got excited about ideas that were “disruptive.” Slash-and-burn disruption by a bunch of young pirates was going to change everything.The Blockchain was going to change everything. You couldn't go anywhere without someone blathering about Crypto and NFT's.Now AI is going change everything. And it definitely will, for awhile.Technology saves money by reducing labor costs, which is just a fancy way of saying that technology allows you to replace people with machines. Unemployment will increase, and Trump will blame Obama.And so it goes.I had an appointment in 1977 to meet with a loan officer at First National Bank in Broken Arrow, Oklahoma, to borrow $1,000.The greeter at the bank sat me in a chair in the waiting room. I was 19 years old.Smart phones did not exist. My only option was to paw through the pile of old magazines on the coffee table in front of me. Can you believe that every one of those magazines was about banking? The banker puts his banking magazines on the coffee table in his lobby when he is finished reading them. And the dentist puts his dental magazines on the coffee table in his lobby. This is how the Business Titans of Smallville keep their costs under control.And they do it for our convenience.I began reading a magazine about banking and it catapulted my brain into a tumbling somersault from which I have never recovered. The feature article was about ATM's, but it didn't call them ATM's. It referred to them as automated teller machines.“The modern bank executive can now reduce his payroll significantly because these new automated teller machines work without pay 24 hours a day, and they never make mistakes.”My eyes were jacked open so wide that I was unable to blink.ATM's were not invented for our convenience! They were invented so that banks could fire 60% of their bank tellers!“These new tellers require no health insurance, no air-conditioned offices, no telephones, no sick days, and they take no vacations. Your customers will thank you for giving them the ability to make deposits and withdrawals 24 hours a day from a variety of convenient locations.”The man I saw in my mind was the banker in the old Monopoly game by Parker Brothers. The way to win the game of Monopoly is to gobble up all the things that people cannot avoid, then take everything they own when an unlucky roll of the dice puts them at your mercy. It's perfectly legal.I played Monopoly when I was young, but I don't play it anymore.Parker Brothers began selling Monopoly in 1935. But that game's origins trace back to an earlier version called “The Landlord's Game” created by Elizabeth Magie. She crafted her game back in 1904, when Teddy Roosevelt was making his mark on history by curbing the excesses of the richest and most powerful men in America.Google, Apple and Meta still play Monopoly. As do the insurance companies, the oil companies, the pharmaceutical companies and the medical corporations that control virtually all the doctors. But the version of Monopoly they play isn't sold by Parker Brothers.To win, all you have to do is gobble up the things that people cannot avoid, then take everything they own when an unlucky roll of the dice puts them at your mercy. It's perfectly legal.Abraham Lincoln and Teddy Roosevelt are the Republicans on
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Kiera and Kristy break down a few reasons why your practice might not seem (or might not be, period) to have any money. They touch on how to find your profit point, knowing your debt, staying on top of collections and AR, and more. Episode resources: Subscribe to The Dental A-Team podcast Schedule a Practice Assessment Leave us a review Transcript: The Dental A Team (00:00) Hello, Dental A Team listeners, this is Kiera. And today I have Kristy with me and I'm super excited because today is one of my favorite things to do as consultants and I call it office autopsy. ⁓ Don't worry offices, this is a mix of a few offices because believe it or not, offices think that they're on individual islands and believe it or not, you're not. ⁓ Multi-practices actually struggle, they actually do the same things that you struggle with. And so we just wanna make sure that we bring, we're not going to ever disclose who this office is. We will mix a few offices together, but I think for people to see what the office's pain point was and then what as consultants were able to do. Kristy, we have some really fun ones. so Kristy and I decided we wanted to podcast today about some office autopsies of what, hopes to help more offices. So Kristy, welcome to the show today. How are you? DAT Kristy (00:48) Good, thank you. Pleasure to be here. The Dental A Team (00:50) Of course. Well, I'm super happy because I think the one that we run into a lot ⁓ is we call it cash flow row or cash flow woes, like whatever you want to talk about. But it's really when an office comes to us and they seem to not be able to figure out what's going on. ⁓ They feel like they're producing. Sometimes they're producing, sometimes they're not. So we'll kind of discuss like how to know if you're producing enough or not. But then they feel like they just like have no cash. And so giving some background. Like I said, I'm going to blend a couple of practices together, but we have kind of going to do like two simultaneous ones. One practice was producing really, really well, but literally the owner felt like they had no money. We're talking like flat broke, felt like they were completely going to go under, had no money, but yet their production numbers were really good and their P &L looked really good. And we're just like, it showed on the P &L. I think, Kristy, you'll find this too, offices get so frustrated. I got so frustrated and angry with my CPA when they said, well, Kiera, like according to the numbers, you have money. And I'm like, great, high five, jerk. I have no money in my bank account. Like it's the most infuriating feeling in the world of my CPA tells me I should have money, but there's no money. Flip that too on the other side when a practice isn't quite producing what they need to be producing to pay for their expenses. And they feel like they have no money and they are flat broke, which in reality that practice is flat broke because they need to produce more or they need to cut. So we're gonna kind of dig on both sides of these with office autopsies of what we see, what we've been able to do. And let's start, Kristy, on the side of what do we do? Like, okay, first step, how do we find like the profit point? Like, how do we figure out what should an office be producing? Because I think that's also infuriating when doctors are like, but I'm just producing. I feel like I'm trying to out-produce my problems. Like, I don't know how to produce more. ⁓ how do you, Kristy, as a consultant, come in and help offices just gain that clarity? Because I think sometimes when we know the North Star and we know what we should be targeting, it actually becomes a lot easier to then build block schedules and then figure out what our overhead should be. But how do you help offices even dig into that? As point one to figure out, let's autopsy both of these practices, I think this is step one to really getting clarity. DAT Kristy (03:00) Absolutely. I agree with you, Kiera. ⁓ The first step is to understand how much we're paying for things. What is the cost to keep the doors open? You know, we talk about overhead, right? But what is overhead? It's everything that we have to pay within a month. Rent, utilities, staffing, right? The other thing that I want to point out is many doctors don't include themselves in that. And I definitely want to pay them The Dental A Team (03:16) you DAT Kristy (03:30) Just like if they were an associate in the practice and so we want to include that in that overhead cost if you will and find that What I like to call profit point so we know where we're what's our? BAM right The Dental A Team (03:48) bam, that bare ace minimum, like what do we have to do? It's kind of like in real life. I mean, I think all of us have a bam in real life. You know what your mortgage or your rent is. You know how much it costs you to like do your groceries. You know how much daycare is, you know how much it costs you for like your Amazon spending. And some of those are fixed costs. So fixed are like your mortgage or your rent. You can't really change those. Those are fixed for you. Yes, like I get it. The semantics, we're not CPAs here. We're not like, that's not our world. The semantics are can you change your rent? Potentially you could go find somewhere else. That is an option you could do. But most of the time those are pretty fixed. Just like our utilities are pretty fixed. You can be like my husband where literally our AC goes off at 6 p.m. at night. He freaking freezes us until 6 o'clock to save on these utilities until 9 o'clock. It drives me wild. I'm like in a hoodie freezing, shivering. And then the AC goes off and I'm like roasting. It's really entertaining because he wants to save the $3. But genuinely speaking, like you're not really going to be saving on those fixed costs. are some fixed ones. Staffing is usually pretty fixed. However, we could add team members or take team members away. So therefore it's not as fixed. But like you said, Kristy, I think it's figuring out in a practice and agreed, doctors should be paid. Like nobody, think that that actually causes more stress for owners. If you don't even know what your paycheck is or you're just taking draws, because then how do you budget your life on a up and down volatile paycheck? I think that creates a lot of stress versus like, okay, great. Let's just put you at a hundred grand or let's put you at whatever is a reasonable salary. Talk to your CPA. They'll be able to give you that. ⁓ And that can be agreed with Kristy. I like to pay you as an associate, but if right now the practice can't support that minimum should be a reasonable salary of say a hundred grand. So that way you can at least bank on that of getting that paycheck in your practice. Sometimes you have to adjust that, but generally speaking, if we at least give you some type of certainty and clarity, that's going to help you then be able to budget your life around that too, in addition to budgeting your practice. DAT Kristy (05:49) Absolutely. In fact, Kiera, sometimes even with startup doctors, I like them to even keep a spreadsheet of their production as if they were paying them as an associate. And then when they start to get profitable, we can back pay those wages. But definitely they have to take care of themselves first. ⁓ I've even seen where they get a little bit of animosity if not, right? Like, staff's driving these cars and they're getting their nails done and they're doing The Dental A Team (06:00) Agreed. Mm-hmm. DAT Kristy (06:19) and I can't even pay myself. So I think it's very important that we understand what that is and work toward that, number one, if we're not there. And then if we are there, adding additional ⁓ percentage to that, which us as consultants can help guide that depending on your goals. If it's paying down debt, paying you as an owner doctor. ⁓ And you know, we follow the EOS system, so adding those buckets for taxes and those sort of things that come up and we can be prepared for. The Dental A Team (06:55) Yeah, no, I think it's brilliant, Kristy. And when you said that, I agree. You don't want to not be paid in your practice, because that gets, A, it's stressful, and B, it's annoying, and C, you've got all this debt on you. ⁓ But I also think when we're looking at our practices, there are pieces, so when doctors are like, I'm not getting paid, I just want to remind that sometimes we're being paid through things running through our practices. And so we've got to be careful, because that is, Like if you didn't have your practice, you'd be paying for that out of pocket. And so that is technically part of your salary, doctors. And I don't want to be the like balloon pop girl over here. I do want to be realistic because a lot of times doctors are like, I'm not making money. And I'm like, but you forgot that these things are running through your practice. So you are being paid for those or those things are no longer coming to you, which is totally fine and legal. Talk to your CPA. Like we want you to do that. There's nothing wrong with it. But when we're looking and we're like stomping our foot saying we're not being paid, sometimes I even have to remind myself of like, yes, but Kiera, if you didn't have the business, all those costs would be coming out of your W2 paycheck, not your business right off. So agreed with Kristy, when we're looking at this, step one is let's find that BAM, let's find that profit point, let's find out what you have to produce. And then from there, what we need to find out is also in addition to that, how much is our debt? Because a practice should not have to be covering your debt, but you as a human needs to be covering your debt. So if your student loans, your practice loans, things like that, the practice isn't necessarily a poor performing practice. You just have all this excess of like, my gosh, I have to pay this off, which that's real life for you. And I think that's the difference of a CPA's bookkeeping for you versus your real life living through it. And I can tell you from personal experience, like this is very hard. Sometimes practice loans do go through your your practice profitability. Again, this is pending on your CPA and how they recommend you do it. But most of the time your student loans and different things like that don't run through the practice. So, but you as a human need to have enough money to be able to pay for all those things. So I think it's finding out the practices, BAM, like Kristy said, finding out your personal BAM, because that might be different. And then from there, let's tack on 10 to 20 % beyond that. So let's say you know you've got to produce 50,000. Well, awesome. 10 % of that would be 55, adding 20 % excuse me, so 10 % of that is going to be an additional $5,000. To do 20 % of that's going to be an extra $10,000. So if I know I've got to do 50, I've either got to produce 55 or 60. Now that becomes much easier and I know beyond that I'm going to have 10 to 20 % leftover of the practice after everything's spent. Our ideal is to get it to where your 50,000 is 50 % of your practice and there's 50 % quote unquote profit beyond that. Now again, that profit is a little bit funny because if we're doing a 50 % overhead and 50 % profit, doctor salaries usually are not included in that. If doctor salaries are included in that, then usually it's a 20 % profit at the end of that. So I know those two numbers feel a little like disjointed. They've been very disjointed for me. So if you're doing true overhead, we want it at 50%, 30 % doctor pay, 20 % profit. If you want to combine it all together, then it would be 80 % quote unquote overhead, 20 % profit. Now that 20 % profit though, does technically pay for debt services. So watch that. You might need to scale down our 50 % down a little bit more or 80 % to then be able to offset that. So hopefully that wasn't too confusing for everybody. This is why we're consultants. This is why we help you. But I think when you understand like either need a 50 or an 80 % ultimate goals, we're trying to get 20 % cashflow at the end of the month. think for me, that's like the easiest thing. Like, okay, if I'm producing a hundred grand a month, I want 20 % of that, so that's 20 grand. So like I'm trying to do easy numbers for all of you. I want 20 grand after everything's paid to still be remaining. Now, one other kicker as a business owner is that 20 % is also taxed. So don't forget that that gets taxed. So if you're at a 30 % tax bracket, well, you gotta take 30 % of 20 grand and then the rest of that you can spend. And this is why I think owners get so frustrated, because it's like, oh my gosh. Like just tell me how much money I can have. And when I talked to a CPA and Kristy, I think you come across this, like our whole lives up until owning businesses, we've been paid at the W-2. So everything we got paid, we were able to use. Well, now as business owners, everything we're paid, we don't get to use. That's not the way the game works. ⁓ And it's due to write-offs and different pieces like that. So I think just knowing the rules of the game, I remember being so fresh with my CPA and I said, I like you're playing Monopoly with me. Like just tell me the dang rules. So, and like, don't tell me like, no, you can't pass go, but you can pass go if you do X, Y, Z, but then like, no. So it's really, you've got to have a profitable practice of overhead. That's what we as consultants are really obsessed with. You also as an owner need to be responsible of how you spend. That's not to say you can't spend, but you do need to spend responsibly and you do need to set aside your taxes. And I think when you have all those pieces set up, then you can have guilt free spending because you're paying yourself. Plus, you know what your true profit is. You've saved for taxes, you've saved for a rainy day, like Kristy was saying. We can put buckets into place to pay down more debt. You can put buckets in place for emergencies in your practice. You can put buckets in place for ⁓ vacations. I have a doctor I was just talking to on Alaska cruise and I was like, how's that bucket working out for you? And he's like, I love it, Kiera, you set it up for me. And I know how much I can spend on vacations. I know how much of my paycheck goes into that portion. He also used to spend an absurd amount on CE. So we set a true budget of how much CE money he could use. But that's kind of where you then as owners aren't just trying to waffle through this and actually can figure out those profit points. And I do think, Kristy, like as much as we've belabored this so much at the beginning of this podcast, I feel this foundational piece is what makes owners crazy because they don't know the rules of the game. So they start spending all the money. Then you get this huge tax bill. Then you feel mad. Then you feel like you have no money when it's like, no, you did have money. just we accidentally spent it. So now we got to make up for it later because we didn't put these rules of the game into play. Kristy, you might have a simpler way to do that. What are your thoughts around that? DAT Kristy (12:49) No, I agree with you 100%. Otherwise, what I find is, you know, business owners, doctors, they just come up with this arbitrary number that they want to hit. But again, just because we're producing something doesn't mean we're profitable. And so they go together, but we have to understand the difference. The Dental A Team (13:12) I agree. And I love that you said that because production feeds the ego and profit feeds the family. And so it does not matter what you're producing. And I agree with Kristy. It's like, I want to produce a hundred grand. I want to produce 200 grand. Well, high five. Let's help you do that. But on the flip side, let's make sure your expenses are there. And there's another practice I'm thinking of right now where they're like, we have no money. And I'm like, all right, if we have no money, truly it's let's do the checklist. Number one. Like, do you see me even scratch my head? I'm like, if you're not watching the video, Just know when I hear people say, don't have money. I'm like, all right, it's either a production issue or a spending issue. It's one of the two. So just know those are the only two levers for when you're saying, I don't have money. It's either actually there's a third. There's technically a third. And that is a collection issue too, because we're either not producing enough. And if we are producing enough, we might not be collecting enough. And if we're doing both of those two things, then it's a spending issue. So let's break it down to this office autopsy. Kristy, let's go for a practice that is producing enough. they don't have money, how did you fix or how did you find out that this practice had a collections issue? DAT Kristy (14:14) Yeah, well number one we would look at. How much was their net production and how much are they currently collecting? My minimum benchmark is always to be at 98 % or higher. Obviously, if we can get reservation fees to pre-collect on things, we may see that up a little bit higher. But if they're not at that 98%, what can we do to get them there? What's getting in the way? Is it patient? Is it insurance? Are we not submitting clean claims and getting them back in a timely fashion? The Dental A Team (14:26) Agreed. DAT Kristy (14:47) ⁓ But definitely that would be the first place to look. The Dental A Team (14:51) Yeah. And so Kristy just said the benchmark. If you're not at 98 % collections, then there's a problem. Second piece is look at your AR and if you have more than one month's worth of production in your AR, we also know it's a collection problem. So when we diagnose on this practice, I remember we talked to a doctor and they're like, Kiera, I have no money. Kristy, I have no money. And I remember we're like, so actually you do have money. Believe it or not, the money is there. It's just sitting in uncollected amounts. So Kristy, you even went with another office and like they didn't have money and you just straight up called. You like went with the office manager and you guys just picked up the phone and started calling on balances to get the money. And I really want doctors to know, and Kristy, I think this is the infuriating part as a consultant where I'm like, no, like you're producing well, you just have to collect the money that you're producing and don't like, don't even feel bad about it. So what do you do for teams that don't want to collect, that have these big ARs? Like what are a few simple steps? Like if that's my practice, I'm- Hi, Kristy. I'm the doctor today. My team, this does not want to collect money and I feel like I can't pay any bills. What do you do in that scenario as a consultant, Kristy? DAT Kristy (15:53) Yeah, well, I think we have to dig deeper into their own, like the team members own biases and what's getting in the way and get them comfortable to realize that we're not doing good by our practice and or patients if we're not collecting those balances. So, you know, really seeing what's the roadblock and let's work through it to overcome it because people deserve the care. Patients deserve to be healthy and And part of that is also paying for the treatment, right? So just digging deeper, figure out what's getting in the way and helping them to overcome, create some verbiage for them to feel confident in being able to collect. The Dental A Team (16:39) Yeah. And Kristy, I think you do an amazing job as a consultant. think this is where I love being consultants is like, you will actually help them sometimes call on accounts and help them see how easy it is. And ⁓ I also think when we're looking at AR, let's get our best bang for our buck. like, let's sort it to biggest balances and let's call on those first. Like, let's figure out different pieces. And like you said, there might be a myriad of reasons why your team members don't want to collect. don't think typically it's due to the fact that they don't want to collect. I think they're just scared. There's fear. They're afraid of a patient being mad. They're afraid of not being able to explain the balance on the account. They might not understand why insurance is denying claims. Billing is a whole black hole, just so doctors understand, like there are a lot of nuances there. But I think on that side, if you are producing, like I remember this practice, they are producing like 150 to 200. And I was like, what do mean you don't have money? And we looked at the P &L and we're like, no, according to your P &L, you have money here. And we just realized it was a lack of collection process. We implemented that Kristy, you helped this practice. They implement, they started collecting and now the doctor's like, wow, like two months later, I feel like I'm like happy as a clown because they literally have money now, but the money was there all along. And that's really like, I think a myth to dispel on this office autopsy is a lot of times the money is actually there. We're just not collecting. We don't have the correct processes in play to do correct insurance verification, to have better estimates, to collect in practice, to then have better ways that we are posting payments. We don't have a process for how we're calling patients and insurance. And if you don't have that whole process dialed in, that can actually get really daunting for a practice. But Kristy, let's flip sides to the other dark side of this coin where they might not be producing enough. So like we said, it's either a production process, a collection process or a spending process. What do we do on the dark side where they're not producing enough? Like that's scary to me. So what do you do on that? I think there's like two zones here. DAT Kristy (18:33) Yeah, absolutely. Well. Number one, once we figure out that benchmark, typically, Kiera, we go and look at how much are they diagnosing, right? If we're looking to hit 100,000, we typically need to be diagnosing minimum three times that number ⁓ if we want to hit it, right? So where are we with diagnostics? And then where are we in case acceptance? how, if we are diagnosing that much, how much are we actually getting patients to say yes to that treatment if you will. The Dental A Team (19:09) Mm-hmm. And I think, Kristy, great point on that because it's twofold on this dark side of the coin of if we're not producing, are we diagnosing enough? And if we're diagnosing enough, are we closing enough? And those are two different people actually in this scenario. So doctors, have to diagnose. And if you're a doctor who's scared of diagnosing a couple tools, it's OK. I always tell doctors, it's your moral obligation to diagnose. As a patient, if you were to go in and there was someone who saw Let's say you did a scan, I've had multiple MRI scans on my brain. Do you know how mad I would be at a doctor if they chose, because like they don't know if I can afford it, if I don't wanna hear the bad news or like whatever it is, they choose not to tell me what's on my brain or a broken bone or if I've got something in my blood work, I would be livid. And yet doctors, you're diagnosing, you're taking x-rays and if you're not telling these patients what's going on, ⁓ that's your moral obligation to do that. So if you're nervous about it, that's okay, I'm not here to tell you. there's anything wrong with it. I just want to remind you that this is your moral obligation as a healthcare provider. So there's Pearl or Overjet of an AI solution that might be a solution for you ⁓ or just diagnosing one more thing than you normally would. If you're used to like watching, ⁓ that's okay. Maybe like just watch 75 % of it, but diagnose one of those things that you would normally watch and just notice patients don't get mad. They don't get angry. ⁓ Remember when you do get that frustration, it's just due to their expectations not being met. So if you can even help them co-diagnose with you. So having your hygienist call out their perio numbers and let the patient know before they do it, like, hey, we're looking for the health of your gums, anything above a four, that's something that we need to watch if there's bleeding. And I'm gonna show you, so listen with me, you're gonna hear, ⁓ and then you'll be able to hear. Well, now that patient's listening actively with you of, wow, I heard like seven fours, or I heard like a six in there, now you don't have to try and teach them and say like, you've got perio. They actually heard it and they co-diagnosed with you. You can show them x-rays of here's a healthy tooth. This is what a healthy tooth should look like. Now look at this tooth and what do you see? You guys, if there's decay in there, even the untrained eye usually can see that pretty big chunk of decay taken out of there or use intraoral photos to where that patient's co-diagnosing with you to gain the trust. And that actually makes it easier for you doctors, because then you're not teaching them. Or if you're like really nervous about it. AI teaches them. Like it literally just puts the puts it up on there and you don't even have to hardly do anything other than just presenting it to them and educating them. So something simple there. And then if your team's not closing cases, amazing simple things like an NDT our handoff. next visit date, time, recare that can help tremendously. ⁓ having your team members track their treatment plans, having a consultant help them. Like we literally help listen to treatment plans, guide and give coaching on different ways that they can do it. So there's two ways if you're not diagnosing or producing enough. that we can easily do that. And the next one would be a block schedule. Kristy, any other thoughts on that? Because I'm sure you've got pieces working with so many team members too. DAT Kristy (22:06) Yeah, listening to you talk about the case acceptance, it's just hitting me that sometimes I think our fear is in telling them, but really if we take a step back and just include them in the process and figure out what are their long-term goals for their mouth and being able to speak to them in a relational way that... The Dental A Team (22:23) Thank DAT Kristy (22:29) really is flipping it to what is their goals and getting them what they want. I think that takes the pressure off of us telling the patient, right? And so, ⁓ truly, I think when we master this, it's a beautiful thing and you get patients to stick for very long time because they feel heard, right? And they still are in control of their care. So. The Dental A Team (22:53) Totally, I agree with you, Kristy, and I love that you talked about like, they're part of the solution with you. And I agree, like, I can't as a treatment coordinator want this more than they do. It really has to be something that they're a part of. ⁓ And also just helping your team see, similar to doctors, when we're watching so many things, team members can accidentally be saying one or two words that's guiding a patient the wrong direction. We might be highlighting insurance more than we're highlighting total treatment. We might be putting emphasis on like your max on insurance or Like we could just start with one thing because we're afraid of presenting total dollar amounts. All of those things are normal. That's like very normal. Your team's not struggling, team members listening. You're not doing anything wrong. Just highlighting that there are different ways that you can present it. And I call it like the sequence. So think about when you're back in high school and you had your locker combination. If your combination code was 321, you could put in the number 213 and your lock wouldn't open. You could also do 123 and it wouldn't open. You could also do 32... three and it won't open. You can have the exact same numbers and just do them in the wrong combination and it won't open versus if we have the right pieces in the right combination, we actually get more case acceptance. So just realizing like what are my tools that I'm using? Am I putting them in the right sequence? Am I using the tools like insurance is a tool? It's a coupon. So let's maximize that, but it's not going to guide my treatment. Let's maximize getting full case acceptance. Let's maximize like Kristy said, knowing their ultimate goals and tying my treatment back to those ultimate goals. just using the tools in the right sequence can also help with that case acceptance. Now, if you are a practice that's not diagnosing enough, I think that this becomes like a little bit of an ego check and I'm sorry to be the ego check day today, but it might be something where if we're not diagnosing enough and we are collecting and we're not producing enough, it might be time for us to look to see about cutting costs. And this is something where I don't love to have this conversation. However, bottom line is the practice has to thrive. Otherwise we all will fail. And doctors like you won't be able to help your team. You won't be able to help patients. And ultimately your livelihood is on the line too. Nobody is happy in this scenario. So when an office is like, don't have money, great. We've looked to see, you diagnosing? We've looked to see, are we collecting? We've looked to see our case acceptance. Like let's check all the boxes. Flip side is what are we spending money on? Immediately I'm gonna go to anything that you no longer need in the practice. So I know we might have been in the glory days. doing all these ITero scans. Well, guess what? Glory days are gone. We're no longer there. And I hate to be Debbie Downer, but the reality is we need to sell that. We need to get out of that contract. Anything we are not using in the practice, we need to cut those debts off of us. And this is just a yucky moment. And I'm sorry, but you've got to do it. And as a business owner, this is your job as a CEO is to watch the profitability of the business. Like you have to, and you have to make those hard cuts. And I will tell you, you do it one time. You're a lot more cautious on things you'll purchase in the future. So we start cutting costs of things that are not paying for themselves. So if we've got extra equipment in the practice, if we've got other things that we can sell. Also, team members, we might have bulked. I've done this as a CEO, so I'm just gonna tell you, like, it was a really, really, really bad day when I realized I over-bulked anticipating something to happen in the practice, and I actually had to scale back and cut. That does not feel good, and it's something that we want to avoid. However, if we have ultimate, like, more team members than are necessary, or we could outsource to things, I'm not here to say, determinate team members. Like we said, like we went through all the different scenarios, everything we possibly could do. But the reality is you may have bulked too much in a practice and you need to scale back and cut. And that's just a zone where you walk the walk of shame and you commit you're never going to do it again. But ultimately you have to get yourself to a profitable zone. You've got to look at your own spending. A doctor was like really struggling on spending and they had multiple credit cards. Consolidate those credit cards down to where you only have one. We pay it off every single time. We look to see what other things we like work out deals with the lab or different people. ⁓ But you've got to be realistic. You might have to get a line of credit to get yourself out of it. You might have to take equity out of your home or your practice. Those are things I hate doing, but I also feel sometimes the pain of discipline is better than the pain of regret. And I would rather go through the pain of discipline and learning to like cut my costs and watch my costs and not hire. Like I might extra hire. a hygienist. I might extra hire a treatment coordinator. Those are two players on my team that will actually generate revenue for me. And not to say assistants don't because assistants can, but I could get by with a Mr. Thurshy. Now, dentists, I know I'm going to get a lot of flak for that. The reality is you can do that for a short amount of time. And I just want to highlight like it's inconvenient, but it's also inconvenient not to have money to pay your bills. So like choose our heart on this. But this is a zone where like I heard a doctor and they were struggling and they They spent like 10 grand on something unnecessary. And I'm like, that's a spending issue. That's a you issue. That's not a practice issue. And it's not a diagnosis issue. If you cannot produce what you have for your costs, it's like the person has to accept the fact that they bought too big of a house. Like you've got to scale down. You got to size down. And as much as that's an ego blow, that's also smart business ownership. So Kristy, that's my like soapbox. So doctors, like we said, it's first, let's make sure we're producing. Like, let's figure out our amount. have to, then we're going to check our production. Then we're going to check our collections. Then we're going to check our diagnosis. We're going to check our case acceptance. We're going to check our block scheduling. Then we're going to go into any unnecessary costs that are on our PNL. ⁓ Look to see, there anything we could do to reduce costs? And then it's going to be, we've got to cut. And like, you've got to make that decision before you go under. ⁓ You owe that to your patients. You owe that to yourself and you owe that to your team. And it's a sad, crummy day, but it's part of business. Kristy, what are your thoughts? DAT Kristy (28:27) Yeah, I think you nailed it. The only area we didn't uncover was you usually do have some unscheduled treatment that you may be able to tap into. And I would definitely explore that resource. But you nailed it, Kiera. I mean, you hit all of the boxes for sure. The Dental A Team (28:46) So those are kind of like looking at a practice that says, I don't have cash. These are some of the ways to diagnose that we do within practices. And notice the very last thing that we went to was cutting. That's not our mission. That's not our process. And we're never going to tell you to cut somebody. That's going to be ultimately your decision. We're just going to remind you that as a CEO, that's part of your job. And I remember going through COVID, had a coach and she said, Kiera, you've got to have a list. You've got to have a list in your mind of like when things get tight, if they get there. What are you going to do to make sure your business thrives and survives? And that has stuck with me when I realized like, that's why I'm paid a CEO salary. That's why I'm paid to make these hard decisions. That's why I ⁓ signed up to be a business owner. Like that's the hard side of success. Success has two parts of that coin too. There's the light side and the amazing side. And then there's the dark side that a lot of people don't talk about. So if you're looking at your practice and you're saying, I don't have cash, go through the checklist, Kristy and I just gave you. ⁓ And sometimes it does help to have a buddy in it with you, a consultant, somebody who's in it with you. Like Kristy, I think about the night that you picked up the phone with that office manager and you guys started calling, you called on accounts with them. I think sometimes not feeling alone in the process. think somebody pushing your team, because you're like, I don't know how to say this to my team. ⁓ Someone who can help guide them, someone who can help look at your diagnosis and help you diagnose maybe one more thing, ⁓ really can be an asset. And I call Kristy our money bloodhound. If I have a practice on cashflow row, I'm like, all right, Kristy, I don't what you're gonna do, but girl, go to work and go start looking. And I think having an outside set of eyes, it's not sitting in there floundering with you, but can have a cool, calm, collected head, sometimes can be the most beneficial. So if you're struggling, reach out, we're here to help you. And it comes with no judgment. Kristy, don't think I've ever once heard you judge a single practice. You come with love, you come with open arms, and you come with solutions quickly. to make sure they get there. So Kristy, any last thoughts you have for these practices who might be struggling, who are hearing this office autopsy being like, my gosh, that's been me, or my gosh, I feel like I'm headed that way. Any other thoughts you might have for them? DAT Kristy (30:43) ⁓ Just again that you're not in it alone and having us to help ⁓ guide mentor and just make sure you have you know daily weekly monthly Systems in place and balance, you know a checklist balance. We got ya we can help The Dental A Team (31:00) We do. do. Well, Kristy, thanks for being on the office autopsy with me. Thanks for just loving our clients so much and helping them. I think that client who two years after you started helping say to us, I like have never been this free or like, my gosh, like this is what ownership should feel like. I think those are the wins that we live for as consultants of hearing you thrive, hearing your successes, hearing you have your dream life and not being so stressed, ⁓ even in possible situations that are stressful. So Kristy, thanks for being that consultant with us. DAT Kristy (31:30) It's a pleasure. Thanks. The Dental A Team (31:32) Of course, for all of you listening, don't be on cashflow row. Don't be struggling about these things. If you are part of any of the scenario, if you're like, my gosh, any of those things resonated, reach out. Hello@TheDentalATeam.com. Go to our website, click on TheDentalATeam.com book a call. Like truly it's a no judgment, just clarity, just momentum. Even if we can't help you, we've got resources. Even if you're not quite the right fit, that's okay. Like we will be there to support you. ⁓ but I think it takes courage to book the call. It takes courage to admit you need help. but there's so much freedom. to know that you're not alone, that you're not having to do this alone and that there's somebody who truly can help you get out of the scenario and that's been there, done that and done it successfully many times. So reach out and as always, thanks for listening. I'll catch you next time on The Dental A Team Podcast.
The transcript exposes a high-stakes geopolitical drama unfolding between the U.S. and China, centered on a critical trade commodity: rare earth minerals. It details how a long history of environmental policies and political deals has left the U.S. at a severe disadvantage, giving China a near-total monopoly on the essential materials needed for everything from military technology to electric vehicles. As a result, the number of Chinese students on U.S. visas has become a negotiation tool for China, a "hostage situation" where the U.S. is forced to make concessions. The transcript argues that this is not a sign of a failed negotiation, but a necessary and revealing moment that has exposed America's dangerous dependency and prompted a new, frantic push to regain control of its own resources. It paints a picture of a nation fighting to regain its footing in a global conflict with far-reaching economic and military implications.
Talking sin and censorship with Joe as we cover 1971's The Devils. It's one of the most controversial and most censored movies in the Western world, but it's also thematically very important (and relevant). We love this movie for its set design, its performances, its writing, its themes, and, of course, its reputation. Tangents include: Space Jam 2, Nine Inch Nails, Jodie's awesome Monopoly and video game save point questions, things we're looking forward to, places we'd move if language wasn't a barrier, and our midlife crises
Topics: are we competitive, Tay closing the Monopoly board, responsibility to take kids to sports, should Tay give up her First Class ticket to her pregnant wife, should the Taylors spend or save their Poshmark earnings, sports trivia for childrenSponsorsVital Proteins: Visit VitalProteins.com to learn more and find out where to buy and use promo code TAYLOR at checkout to get20% off your next orderSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Dive into the housing crisis with Aaron Renn and Adam Ozemeck, Chief Economist at the Economic Innovation Group, as they unpack why buying a home can feel impossible in 2025. From skyrocketing construction costs to zoning roadblocks and institutional investors, this episode explores the real reasons behind soaring home prices. Discover potential solutions like YIMBYism, density zones, and more to make housing affordable again. CHAPTERS:(00:00 - Introduction: The Housing Crisis Explained)(01:32 - State of the Housing Market: Why Are Prices So High?)(05:58 - Indianapolis Case Study: A 40% Price-to-Income Surge)(07:33 - Construction Costs: Why Building Homes Is So Expensive)(15:33 - Zoning: The Hidden Barrier to Affordable Housing)(23:26 - Monopoly in Home Building: Is Competition the Issue?)(28:48 - Institutional Investors: Are They Driving Up Prices?)(44:23 - Immigration and Labor: Impact on Housing Costs)(49:50 - Solutions: YIMBYism and the Abundance Agenda)(55:42 - Single Stair Reform: A Key to Cheaper Housing)(59:22 - State Preemption: Rewriting Zoning Rules)(1:02:13 - Density Zones: A Balanced Approach to Local Control)(1:06:43 - Tackling Construction Costs: Tariffs and R&D)(1:09:09 - Place-Based Policy: Spreading Opportunity Beyond Big Cities)(1:15:08 - Fiscal Stimulus: Did It Fuel the Housing Crisis?)(1:16:23 - Final Thoughts: Building a Dynamic Future)ADAM OZIMEK'S LINKS:
Private corporations have a monopoly on communications. We discuss what it's all about. Check out our new bi-weekly series, "The Crisis Papers" here: https://www.patreon.com/bitterlakepresents/shop Thank you guys again for taking the time to check this out. We appreciate each and everyone of you. If you have the means, and you feel so inclined, BECOME A PATRON! We're creating patron only programing, you'll get bonus content from many of the episodes, and you get MERCH! Become a patron now https://www.patreon.com/join/BitterLakePresents? Please also like, subscribe, and follow us on these platforms as well, (specially YouTube!) THANKS Y'ALL YouTube: https://www.youtube.com/channel/UCG9WtLyoP9QU8sxuIfxk3eg Facebook: https://www.facebook.com/Thisisrevolutionpodcast/ Twitter: @TIRShowOakland Instagram: @thisisrevolutionoakland Read Jason Myles in Sublation Magazine https://www.sublationmag.com/writers/jason-myles Read Jason Myles in Damage Magazine https://damagemag.com/2023/11/07/the-man-who-sold-the-world/ Read Jason in Unaligned here: https://substack.com/home/post/p-161586946...
In this episode, Clay unpacks the extraordinary rise of ASML — a little-known Dutch company that quietly became the most important player in global technology. Since its IPO in 1995, ASML has compounded at 20% annually. ASML holds one of the most powerful monopolies on earth as it's the sole manufacturer of EUV lithography machines, which make the world's most advanced semiconductor chips. Without ASML, companies like Apple, NVIDIA, and TSMC couldn't power iPhones, AI data centers, or the modern digital economy. IN THIS EPISODE YOU'LL LEARN: 00:00 - Intro 04:56 - How ASML grew from a Philips spinoff into Europe's most important tech company. 13:31 - How ASML's partnership with TSMC shaped the global semiconductor industry. 32:16 - Why ASML holds a near-monopoly on EUV lithography machines. 41:01 - Why the geopolitical tension between the US and China place ASML at the center of technology power struggles. 53:30 - How investors can view ASML's growth, risks, and future opportunities. 01:00:23 - What makes ASML's moat nearly impossible for competitors to replicate. 01:05:08 - The dual leadership that propelled ASML's rise and built a culture of relentless focus. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here. Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Marc Hijink's book: Focus: The ASML Way. Related Episode TIP727: 7 Powers by Hamilton Helmer. Related Episode TIVP024: TSMC: The Most Important Business in the World?. Follow Clay on X and LinkedIn. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter. Check out our We Study Billionaires Starter Packs. Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: SimpleMining HardBlock AnchorWatch Human Rights Foundation Cape Unchained Vanta Shopify Onramp Abundant Mines HELP US OUT! Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
Chelsea's going through it, and her discussion topics are here to prove it - but she's not lying! Meanwhile, Donny is not missing; he was just asking his mom to make cookies and watching Survivor: Australia vs. the World. The Cute Ones giggle about dead dogs, dragon puberty, Monopoly, and Sabrina Carpenter and Olivio Rodrigo's props for emotional support. [time stamps] INTRODUCTION 1:30 chelsea is a liar & her mom was abducted by aliens 3:10 astrological discovery about virgos 6:15 monopoly & spiritual money blocks 9:00 companion (movie review) 10:30 donny teaches children life lessons 13:30 donny's housewives experience 15:20 highest 2 lowest (movie review) RECOMMENDATIONS 24:40 australia vs the world survivor HEADLINES 26:45 andy samberg's nemesis dies 30:10 sabrina carpenter / olivia rodrigo news 33:00 cutie of the week To access AD FREE versions of our episodes, as well as bonus episodes and uncut audio and video, subscribe to our Patreon! If today's episode makes you laugh or scream, please do us a favor and rate our show 5 STARS on Apple or Spotify This is the easiest way for us to grow our community! Get your Cutie MERCH! We're on YOUTUBE! Be sure to subscribe so you don't miss a second of our hijinx - now on video! Follow Us on Social Media! Chelsea: @ohnochels Donny: @realdonnywood Learn more about your ad choices. Visit megaphone.fm/adchoices
Dirty Mike and Big Ugly return to discuss the aftermath of Summerslam, Brock Lesnar's return, the Money in the Bank cash in. Here what the group feels about the new ESPN deal, what needs to happen with Seth Rollins, and has the bloodline run its course? All this and MORE!!!
The most impactful play-by-play voices of the 21st century. Former LSU Tigers national championship coach Ed Orgeron has the itch to coach again. Who among this group is most likely to coach again? Ed Orgeron, Jimbo Fisher, Jon Gruden, Nick Saban Should we be worried about ESPN's growing sports monopoly. Potential for one of these most memorable show moments. Florida State Head Coach Mike Norvell talks Alabama FOLLOW TNR ON RUMBLE: https://rumble.com/c/c-7759604 FOLLOW TNR ON SPOTIFY: https://open.spotify.com/show/7zlofzL... FOLLOW TNR ON APPLE PODCASTS: https://podcasts.apple.com/us/podcast... WEBSITE: https://nextroundlive.com/ MOBILE APP: https://nextroundlive.com/the-ne.... SHOP THE NEXT ROUND STORE: https://nextround.store/ Like TNR on Facebook: / nextroundlive Follow TNR on Twitter: / nextroundlive Follow TNR on Instagram: / nextroundlive Follow everyone from the show on Twitter: Jim Dunaway: / jimdunaway Ryan Brown: / ryanbrownlive Lance Taylor: / thelancetaylor Scott Forester: / scottforestertv Tyler Johns: /TylerJohnsTNR Sponsor the show: sales@nextroundlive.com Learn more about your ad choices. Visit megaphone.fm/adchoices
Send us a textGames reveal who we truly are. In this lively, sometimes heated conversation with guests Matt Landowski and Tony Bogan, we explore the classic pastimes that define our social gatherings and family reunions.The humble board game sparks surprising passion as we debate the merits of simplicity versus strategy. Matt champions tic-tac-toe for its accessibility and Tony confesses his complicated relationship with Monopoly—a game that simultaneously tops his "favorite" and "most hated" lists. We explore how these tabletop classics have evolved over generations, with Monopoly's marketing genius creating everything from NFL editions to electronic banking versions.When the conversation shifts outdoors, volleyball emerges as the unexpected star. Our guests share stories of intense backyard matches complete with celebratory spikes, trash talk, and the occasional bloody nose. The unanimous preference for beach over grass volleyball (despite finding sand in unexpected places months later) reveals how we're willing to sacrifice comfort for the perfect playing experience.Card games provide some of the episode's most revealing moments, especially when discussing Cards Against Humanity's ability to transform gatherings. The shocking revelation about Uno potentially becoming a Vegas casino game prompts predictions of heated confrontations on the gaming floor—highlighting how even the simplest games can ignite our competitive spirits.Whether you're a strategic chess player, a casual cornhole enthusiast, or someone who's flipped a Monopoly board in frustration, this episode celebrates the universal truth that games don't just fill time—they reveal character, create memories, and sometimes even test relationships. Join us for laughs, revelations, and perhaps a new appreciation for the games that bring us together.Subscribe for exclusive content: https://www.buzzsprout.com/1530455/support Buzzsprout - Let's get your podcast launched!Start for FREETactical BrotherhoodThe Tactical Brotherhood is a movement to support America.Sweet Hands SportsElevate your game with Sweet Hands Sports! Our sports gloves are designed for champions,Buddy's Beard CareBuddy's Beard Care provides premium men's grooming products at an affordable price.Deemed FitBe a part of our movement to instill confidence motivation and a willingness to keep pushing forwardDubby EnergyFROM GAMERS TO GYM JUNKIES TO ENTREPRENEURS, OUR PRODUCT IS FOR ANYONE WHO WANTS TO BE BETTER.ShankitgolfOur goal here at Shankitgolf is for everyone to have a great time on and off the golf courseDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showFollow us on all social mediaX: @mikebonocomedyInstagram: @mikebonocomedy@tiktok: @mikebono_comedianFacebook: @mikebonocomedy
Podcast diario para aprender español - Learn Spanish Daily Podcast
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Keith discusses the recent executive order by the White House, which could bring Americans closer to retirement plan access for real estate, private equity, and crypto. He also interviews two listeners: Luke Frizell, a Navy officer who leverages principles from the show to invest in residential assisted living (RAL) properties, and Dr. Axel Meierhoefer, who uses turnkey properties and agricultural investments to build a diversified portfolio. Both guests share their strategies and insights into real estate investing. Resources: Explore the exclusive Texas income property deals available to Get Rich Education listeners, with up to $41,000 in incentives, book a strategy session here. Show Notes: GetRichEducation.com/567 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith, welcome to GRE. I'm your host. Keith Weinhold, it's an episode focused on you as we feature two GRE listener guests today. See how they've leveraged listening to this show into real world, real estate investing action then a property opportunity to announce to you on get rich education. Keith Weinhold 0:27 Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors and delivers a new show every week since 2014 there's been millions of listener downloads in 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com Speaker 1 1:12 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 1:22 Welcome to GRE from Mannheim, Germany, to Mannheim, Pennsylvania and across 188 nations worldwide. You're listening to get rich Education. I'm your host. Keith Weinhold, you probably grew up playing the board game Monopoly. Well, imagine playing Monopoly and never buying an asset that generates income. What if you just went around the board collecting $200 giving your money to the rich and trying to stay out of jail. Does that sound ridiculous? Well, that's how most people live their lives. We don't do that here at GRE we add real assets that pay us while we own them, and more and more people can potentially soon get exposure to these asset types. The White House recently reported that Trump made an executive order that is bringing Americans closer to getting retirement plan access to real estate, private equity and crypto. I mean, think about what that could do to overall real estate demand, pushing up prices. It could make the industry boom. Sort of how the advent of 401, KS helped the stock market boom. Also, another development is that in order to qualify for mortgage loans, crypto could soon be used as an asset in your mortgage qualification. That's per the FHFA, and that's what they're moving toward. Now there's been a lot of novel information and developments and stories like that this year, as we're in a presidential administration that shakes up all kinds of status quo policies, from foreign wars to tariffs to us real estate. Journalistically, it's important to be accurate and avoid misinformation and false news as the AI era is near its nascency. Still, you have got to be increasingly cautious about where you get your information. I got a stark reminder of this recently, now former presidential candidate and HHS Secretary, Robert F Kennedy Jr and I recently did a stair climber workout together at a gym. You probably know that RFK Jr leads the MaHA movement make America healthy again, which I support, and much like me, he's an avid fitness enthusiast, and that's the kind of stuff that we talk about. Well, there are now some photos of RFK, JR And I out there exercising together, something that's okay with me. I'm even proud of that. I shared one of those on my social media myself. He and I don't talk politics or vaccines or even diet or just exercise enthusiasts. That's what we talk about. That's our common ground. Well, a Facebook post of RFK JR and I exercising together, and here's where the terribly irresponsible misinformation comes in. Meta AI has a one touch link from there to what they call Weinhold and RFK Jr collaborations. Here's how it reads. I'll read it all word for word, and so much of it is false. Keith Weinhold and Robert F Kennedy Jr have a close friendship that has garnered significant attention. Keith Weinhold, a businessman and podcaster, has been a vocal supporter of Kennedy's work and advocacy their friendship has been built around shared interests and values, including their passion for environmental issues and their skepticism of mainstream narratives. Weinhold has often featured Kennedy as a guest on his podcast, where they discuss issues ranging from vaccine safety to corporate accountability. Together, they have collaborated on various projects, including the promotion of Kennedy's book the real Anthony Fauci. Their friendship has been subject to scrutiny, with some critics accusing them of spreading misinformation. That's the end of the meta AI page. What in the world? How do they come up with this stuff? The only shared interest we've collaborated on is fitness at the gym. And you as listener know that he's never been a guest on this show. Now, if his expertise were real estate investing or economics, well, then I might invite him on. How does meta AI come up with this stuff about vaccines and Fauci I mean, that is so far away from my area of focus. I haven't weighed in on any of that stuff. My gosh, this meta AI page, it is published work for all to see, and it is about 90% false. So my point is, there's a lot of information out there about everything from real estate investing to endangered sharks to cooking tomato soup. Be careful. Pay attention to information that has cited reliable sources. And AI in its current fledgling stage, it really muddies the picture. One thing that might help is that open AI's chatgpt Five, which recently debuted, it is better. It's an improvement. For example, if it does not know the answer to a question that you have, it will tell you that it does not know the answer, instead of making up something fake just to give some sort of answer like previous versions. Did we need more of that coming up here on the show. In future weeks, we have vital monolog material from me, as always prominent guests, new guests and repeat guests. Last week, I answered your listener questions here on air, you can always write in with your questions or comments at get rich education.com/contact this week, it's interviewees like you, as I talk to the first of two listener guests. Keith Weinhold 8:17 He has been an avid GRE listener for a few years, and says that he shifted from bigger pockets and other content over almost exclusively to get rich education for real estate and market content. He uses the principles taught through GRE to focus on his niche, which is residential assisted living, R, A, l, investments at the single family home level, he owns two single family units that also have ADUs and a handful of Ral units, which has helped him reach his goal of replacing his military income with property cash flow. He is a husband, father of three boys and active duty Navy officer currently stationed in Virginia Beach, Virginia, a buy and hold investor. He began investing in real estate in 2017and now owns a portfolio that includes rental properties in San Diego, five Ral homes in Phoenix and GP stakes in two Ral syndications. He is also the founder of open range capital in the Ral room, there are two platforms dedicated to scaling the Ral model. Again, that's residential assisted living, scaling those across the US. And when he's not serving or investing, you can find him on the lacrosse field, playing, basketball, training, Jiu Jitsu or chasing down any kind of competition. Hey, welcome to GRE. Luke frazell, Luke Frizzell 9:37 Keith, thank you for the introduction. Appreciate that very kind. And once I started investing in 2017 I got started with the bigger pockets train, and pretty avidly listened to their podcast and taking some action on my own, I actually found your podcast and your website, and it was so much more efficient in the information that I needed to hear. I. Know, and the the time that I could spend actually paying attention to real estate news and the important things that I need to be paying attention to as an investor, that I exclusively and paying attention through your email list and through your podcast, it's always great information. So I appreciate being on and thanks for having me. Keith, Keith Weinhold 10:18 thanks. I try to keep things nutrient dense around here, Frizzell is spelled F, R, I, z, E, L, L, and look, I know your investing philosophy is strongly influenced by one of GRE most seminal and central mantras, and something that the world first learned right here on this show back in 2015 real estate pays five ways. Tell us about that. Luke Frizzell 10:42 That is one of the best just mantras for whenever I'm talking to people about getting into real estate, yes. And I literally say, what the five ways that real estate pays, because that's how I heard about it was through you. And I was like, That is such a perfect illustration of why this beats, let's say, the stock market, or why this beats a lot of other investment vehicles, because you're not just getting the cash flow, which is a huge reason why people get involved in it, and that's actually the first thing that I'm scrubbing for whenever I'm looking for an investment. But of course, you're hoping for the appreciation, which I really just count as the cherry on top. And if I'm looking at a market from the macro lens, I'm making sure that the the city is growing, the jobs are coming in, there's a decent population, and at a macro level, that's the first thing you need to do before you dig into a city to make sure it's good to go. When appreciation happens, it's probably because those things are all in the right spot. And you're you're picking the right neighborhood, but just, you know, leverage, and being able to buy with 20% of the full amount down, that's a huge piece. And just the hedge against inflation that you get through a loan all the ways, I'm probably missing one, but that's one of the first things that I say when somebody's on the fence on whether they get into real estate investing is, Hey, these are the five ways I learned it from Keith's website, and I'll point them to you guys. That's how I found residential assisted living was really Yes, I had been an investor in San Diego and had great success there with, you know, the buy, rehab, rent, refinance, repeat, the burn method, and putting those five ways into practice. But what I really wanted, as I was looking towards getting out of the military in a few years was more the cash flow piece. So that's what drew me to Phoenix. I actually heard a podcast where somebody was talking about this strategy where you buy a home and you lease it out to a senior care operator and they are paying two to three times the lease amount that you would pay or get from a single family rental, and yet you're also getting all the benefits of real estate. So it seemed pretty hands off, which checked the box for me on that since I was working an active duty job, and then it was also very high, high cash flow. So that's what got me into residential assisted living, and has kept me into it, and I've brought a couple partners into what we're doing, and really bringing my partners in is brought us so much further than I would have ever gone myself. The core tenets of five ways real estate pays has definitely influenced my thoughts as an investor and everything that I've done Keith Weinhold 13:16 yeah, I can't believe more people don't talk about the compelling why for real estate investing? And I think real estate pays five ways. Is the most efficient and comprehensive way of doing that for sure, when it comes to Property selection and adding to your portfolio, like you touched on, I know that you like to say that you don't chase doors, you chase quality, and you have sort of this peace of mind with intentional investing over scale. Can you tell us about that? Luke Frizzell 13:43 That's a great question. It was really a forcing function that formed my investor mindset was it has to be quality, because I don't have the time as somebody who's doing a full time job that's very time intensive, and sometimes I'm leaving for months on end before I come back and in my spouse works in something completely separately, so she doesn't have time to manage properties and things like that. It was forced upon me to be very efficient with what I invested in, and my wife was not. She, just like me, didn't grow up learning about real estate investing, so they had to really hit bang for buck whenever we made that first investment in order to buy her or get her buy in on it. And when that first rental check came in, I was able to take her out to a sushi dinner and say it was paid for by our our tenants. And that was kind of the first buy in piece Got it, got us in there. But, yeah, I really Chase quality. And we were very fortunate, and got a little bit lucky with the timing of our properties in California with covid and the interest rates we bought to early on in 2017 and then in 2020 before interest rates started going up, before prices got crazy out there. And those have done really well for. For us. But as interest rates continued to rise and as prices on homes continued to rise, I had to keep the efficient piece in the back of my mind. That's when I heard about the senior care investing number one. I was like, hey, yeah, the demographics, it makes sense. There's so many, that demographic of seniors, the boomer generation, reaching, you know, 80 years old, and coming to that time of life where they need care that is not going down. The medical system as flawed as it can be in our country. You know, people are living longer, and we need to house them, and people don't want to stay in a big box facility anymore that feels like a hotel and not personal, and you have a one caregiver to 30 resident ratio. People want more personalized care, like you would get at a private school. At a public school, you get what you get, and you don't throw a fit, which kind of the analogy I make for a facility versus residential assisted living. So what we invest in is the residential level, where you actually buy just a regular house and it may have four or five bedrooms in it, and let's say three bathrooms, and if it's a single story home that has, let's say 3000 square feet, that is a prime home to actually build out into a senior care home. And every state needs these. Every state has different laws and rules and regulations as to what some are going to require, different size door frames, different width requirements in the halls, ramp requirements, of course, for wheelchair access and such. At the end of the day, every state needs more housing for seniors, and it's really going to be an education piece on getting people up to speed. We have five homes in Phoenix doing this, this model. There's a lot of network already available there. Like people love to retire in warm weather. Phoenix is just a hotbed for these residential assisted living homes. So that's where we got started. But when you move into, you know, let's say rural Nebraska, it's not going to be as as prevalent. So you really got to do a lot more networking and education to zoom back to your question about quality over quantity. If you think about scaling to $10,000 per month in passive income, quote, unquote, passive, the way I look at it, if I can have one residential assisted living home that nets $10,000 per month when I talk about the one residential assisted living home that could make net $10,000 per month that would be running the operations yourself, where you have let's say the average resident across America is going to pay 4000 to $6,000 per month to stay in a home like what I'm talking about if One home, let's go with the low end of $4,000 per month has a capacity of 10 residents in the house, then you can have 10 residents at $4,000 per month. So that's $40,000 gross. And then if you the average, if you're running an efficient home, just having straight up staffing costs, that maybe cost you $15,000 per month, and then you have your mortgage and your debt, that takes you another $10,000 per month, and let's say another five for excess costs and food and things, that's $30,000 of expenses. So 40,000 minus 30,000 is $10,000 per month. That's an efficiently run home. But that is not the height of what someone could do with this strategy. We have partners that do $40,000 net per month in this strategy, and that's generally in the dementia care, memory care space. What we did when we started was something called the lease to operator model, and that's a little bit more hands off, actually, I would say a lot more hands off than the actual operations of the home, like what I just said, because if you're doing the staffing and you have the business liability, that's all pretty involved, and there's a lot of education and a lot of networking that you need to do to get to that point. When I got started in this, I did the least operator model, because I was time constrained and I didn't want to actually get involved with the hands on care number one, because I was in Virginia Beach, and the homes that we were buying were in Phoenix, so there was no possible way for me to do that when we bought our first home at 10 capacity, so there's 10 residents that can fit in the home. I found an operator and vetted them and moved them into the house, and they're paying me a lease for five years, so it's somewhat of a commercial lease, but it's a residential home, and I actually got residential insurance on the house. The business owner that is leasing from me has the business liability insurance, and now they're paying me two and a half times what would have been the regular lease amount that I could have gotten for that home. So in that area, they're paying me $8,000 per month on a five year lease, and that goes up 3% per year. However, if I was renting that out like a normal house, I'm. Be getting 2020 $500 per month, every month, on a long term lease. Keith Weinhold 20:05 That's this way the manager operates it, rather than you, right? So I Luke Frizzell 20:09 actually empower the manager, or this operator, is what we call them. That's why it's leased to operator. I empower this manager to actually run it themselves. I don't tell them you can't paint the inside of the house. I don't tell them you can't redo the floors when you want. If they want to do that, that's on them, but they owe me that lease amount every month, and I empower them to run the home however they want. What I'm making sure happens is I'm paying for the insurance on the house, and I'm making sure the roof is stable and the walls are not going to collapse. Everything else, from utilities to whatever is on them, and they are a full fledged business owner in there, and hopefully they stay once the five years is up. Keith Weinhold 20:48 That's a really interesting way to do it, by the way. Just dropping back to your earlier comment, I like how you say your wife doesn't have time to do the property management. I think we both know that we are protecting her standard of living and quality of life when she is not the property manager. Yes, I think it's common knowledge in America that the senior population is growing faster than the overall population. In fact, about four past GRE episodes featured the late great gene Guarino here on the show, a big educator in the residential assisted living space. We've got this aging population, the silver tsunami, the demographics about it are surely undeniable. I think a holdup for some people is that you're merging real estate investing with an active business. However, you've just described something where you're sort of withdrawing from that active business part, getting a leaseholder to pay you two and a half times the market rent, if you just had it as a buy and hold property and having them operated, is that right? Speaker 2 20:48 Yeah, and I that's obviously a rough I say two to three times. I like to call it Airbnb numbers in a good market, without the stolen paper towels. Keith Weinhold 20:48 You know what I mean? Like that, the stolen paper towels, the vacancy, the managing a listing, the clean. So Speaker 2 20:48 you're doing all the you're getting the reaping the rewards of, let's say, an Airbnb without any headache. Because once you've set that operator in there, and you've empowered them to do it, and you have a rock solid lease, you're wiping your hands clean, I have to reach out to my operators to get an update from them to make sure that everything's going well, because they're not reaching out to me they're running their home. And hopefully, if I've empowered them the right way, and I am allowing them to be successful, and they reach out to me and say, Hey, Luke, I want to actually expand operations. So if you buy another house in this area, let me know, so that I can expand my operations there as well. Luke Frizzell 21:23 Yeah. Well, do you have any last things to tell us about the residential assisted living for example, I know you have four strategies. For one, to get invested in it. Luke Frizzell 22:44 That's a good question. And and just to hit on your last point, you're I actually like that. You can mix the real estate with the business, if you have time for that. And many people can do that, especially if you come from a healthcare background, or you're a nurse, that you're just looking to do something out on your own and not just spending your hours working at the hospital. And maybe you're a caregiver that's not paid well enough, and you're overworked, but you know that you could go and do something like that, or you're a doctor, a lot of people can go out and do this themselves, but if you're like me, and you're just a working professional that doesn't have time to get into that, but you do have people skills, and can figure out, like, Hey, I've interviewed about five different operators for this, and I can tell that this one meets all the marks, and they're going to get in there, and I can trust them, and they have a good, extensive experience in this space, and they're going to pay me a reasonable lease. That makes sense for why I'm putting the risk into this. Yeah, I'm going to pick them and get them in there. That's a really good option for people. So that's one of the strategies, is lease to operator. Another strategy is the one we already talked about, which is own and operate. So you're getting the power of real estate. You're leasing from yourself as so it's one entity, one business entity owns the property, one business entity owns the care business, and you're leasing from yourself, and there's some major tax benefits to doing it that way. That's obviously the most time intensive, and you're probably going that route if you want to make this your life's path. The other option is actually, if you don't have the money right now to buy a house, but you have the drive and you have the experience to get into the actual operations, you could just lease from somebody like me and who owns the house and doesn't want to get involved in the operations just yet, and now you can just set up a lease with them. Phoenix is a really good hub. Houston is a really good hub, but cities across America are going to start finding out about this and needing to get this into their advertise, basically because the senior housing issue that we talked about. And then finally, you can passively invest in these through open range capital, we are investing in these, and we're actually developing some memory care homes in Northern Virginia right now. So if you go to open range capital, you'll be able to find opportunities to invest in these as a passive investor. Or there's folks in the rail room who are building. Memory Care Homes in Houston area, and they're offering over 20% returns to people who just want to, hey, you have money, but you don't have time, and you don't have the interest to actually do some of this yourself. But you understand the power of residential assisted living, and the way that this medical problem and the senior care housing issue is growing in our country. Well, you can put your money there instead of doing it yourself. Keith Weinhold 25:25 These are four distinct strategies for investing in residential assisted living, from the very much hands on to the passive hands off. Oh, this has really been helpful. Why don't you go ahead and let our audience know how they can learn more about the Raoul room and your website. Luke Frizzell 25:42 Thanks for that. So we saw that there was a huge knowledge gap between real estate investors and business owners. And just anybody who's an entrepreneur thinking about how to get into this. You see the Cody Sanchez's of the world talking about business ownership and all those things you hear about the problem with our senior housing. And if you put those two things together, there's a huge gap in the marketplace. We wanted to educate people on this, because when we got started, there was a lot of unknowns, and it's really hard to sift through all the confusion about, you know how to get licensed. How do I know how many people I can fit into my home and actually care for? How do I find operators? How can I learn from other people who are actually doing this across the country and figure out which market to get into? So we wanted to combine all of that and have a network of people who know how to find these homes, know how to get you started in doing these and of course, we've been learning along the way as well, and that that was part of our goal as well when we started the Ral room. But we have a community of over 115 people. At this point, you can go to the ralroom.com r a l room.com and find out more. It's a great opportunity to learn about what it is. We have freebies in there about how to get started, from one to 10 step guide, and we even have a free podcast called The Ral room podcast. So tune into that. If you haven't done it yet. Keith Weinhold 27:04 This has been informative, terrific stuff from Luke Frizzell. The audience will benefit from your point of view. Thanks for your time and intention today. Luke Frizzell 27:14 Yeah, absolutely, Keith. Appreciate you. Keith Weinhold 27:17 This was our first of two GRE listener guest profiles. We've got the second one when we come back. I'm Keith Weinhold. You're listening to get rich education. Keith Weinhold 27:26 The same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Chaley Ridge personally. While it's on your mind, start at Ridge lendinggroup.com. That's Ridge lendinggroup.com. Keith Weinhold 27:58 You know what's crazy your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family 266, 866, to learn about freedom. Family investments, liquidity fund again. Text family to 66866, Richard Duncan 29:08 this is Richard Duncan, publisher on macro. Watch, listen to get rich education with Keith Weinhold, and don't quit your Daydream. You Keith Weinhold 29:26 this week's GRE listener guest profile is with an Air Force vet turned real estate investor, and today he even runs the ideal investor show. He's from Germany and lives in San Diego today, using strategies like turnkey real estate, 1031, exchanges and more. He now owns multiple properties in different countries and states. These include the states of Ohio, Idaho, Illinois and Florida, and the nations of Belize, Panama, Spain and more. He's been a GRE listener since episode. 100 which was in 2016 and this helped him connect with income property providers and get started and really growing his wealth through compound leverage, not just compound interest. He ultimately ended up with eight properties in what he calls well performing locations. Hey, it's great to have you here. Welcome to GRE Dr Axel meyerhoffer, hey, Keith, thank you for having me. Meyerhoffer is spelled m, e, i, e r, H, O, E, F, E R. I know that coming on to GRE is something that you've wanted to do for a while, but let's pull back first, what is your doctorate in? And then how do you use that degree or distinction today? Dr Axel Meierhoefer 30:40 Well, my doctorate is in organizational change and leadership, and the dissertation that I wrote as the study at the end of the degree program was about business coaching and whether it's better for a company to have internal coaches versus external coaches. And when you're diving really deep, my like, I don't know if you're aware, but PhD stands, at least in my book for pilot high and deep, high and deep, right? And so, you know, I really dug into this, and what I learned about coaching is still helping me, even though idea wealth grow is a little bit more mentoring program than a coaching program, but still, the practice of engaging people and getting out of them what they really want to accomplish is valid every day Keith Weinhold 31:28 when we wonder about what's piled high and deep, I'm sure that thing is knowledge couldn't possibly be anything else. Dr meyerhoffer, tell us what you learned from listening here that piqued your interest? Dr Axel Meierhoefer 31:43 Well, the one thing is, I had found the book turnkey revolution, by Chris closure, who, for those who don't know he, is the one of the family members of the founders of Memphis invest that is now known as Rei Nation. I'm sure you're very familiar with it, Keith and I've heard of them. Yeah, I read the book, and it was very helpful, but it wasn't very clear, other than his family's company, how do you apply this as a regular investor, which I was at the time. And then I listened to your episodes over and over, talking about how you can use turnkey investing to invest out of state, being far away. And I remember, if I'm not mistaken, that you were in Alaska and investing somewhere in lower 48 and so that kind of got me triggered to look into that. Keith Weinhold 32:30 You figure, if you're in San Diego, you can invest in Alabama, if a person from Honolulu or anchorage can do that same thing. All right, so you've built up, it sounds like, is it eight turnkey properties? It's Dr Axel Meierhoefer 32:45 eight turnkey properties. And then I have a few other things, like, I also listen to episodes that you had about agricultural investing. So, yeah, like in Panama, the first investment was in a coffee farm. And then a little later, I also discovered some you would call them, like little cabin, kind of like vacation cabin investments and stuff. So yeah, I've actually learned a lot and benefited, and I always appreciated that, you know, you're not just saying, Hey, here's something you can do, but you oftentimes have a connection or relationship with an organization. And so several times my investments were at least informed, let's say, by GRE, Keith Weinhold 33:26 yes. And oftentimes I'm investing right next to you, the investor myself, with some of the same GRE marketplace providers. You have eight properties. Are they all cash flowing? Are they all producing positive cash flow? Dr Axel Meierhoefer 33:41 Yeah. I mean, that's actually one of the things that I wanted from the get go, and that's also part of our idea rights grow a mentoring program to look at properties now. Right now, with the higher interest rates, it's admittedly a little harder to find locations and properties that have a good balance between the quality of the property, the area that the property is in and then also being cash flowing. We have fundamentally for renovated properties. We're still looking for 1% rule. It's harder to find, but you know, as a starting point to say, Should I even consider as long as it's close to that most of the time, the numbers work out, even at seven or eight percentages, you still make at least a little bit of money Keith Weinhold 34:20 overall. Yes, the real estate deals just aren't as good as they were, say, five years ago, because both rents and prices are up, but rents haven't risen as much as prices have. I still don't know where you're going to find a better risk adjusted return in any investment, though, than with income property bought with a loan. Dr Axel Meierhoefer 34:42 Yeah, I'm with you on that. And I mean, I remember vividly, not in only in books and other research, that people have this apples to oranges comparison thing going on all the time, right? I always say, Okay, well, tell me if you can buy stocks where somebody gives you 80% of the money, and I already need to put 20 right? What tell me if you can buy stocks and somebody says, Oh, the stock is gonna depreciate in the next 27 and a half years. So, you know, you write some of it off your tax return, and those kind of things. Tell me where somebody gives you money but allows you to keep 100% of the increase in value all these things. I mean, you have beautiful graphics and stuff that you made over time, but when you really try to do apples to apples comparison, there's nothing there. And one thing maybe for the audience, that I think is an important thing to know is, and I know Keith, you have said this so many times, real estate, especially residential real estate and investing, is really the long term game. And that also means to realize, okay, even in times like right now, you might only start with, like, 50 or $100 positive cash flow. But when you look at the longer term, I always say, and I say this to our clients, the first five and maybe right now, it's more like seven years. It's kind of like the hard time of this investment where you just barely break even, where you might be a little disgruntled when you get a maintenance bill and you haven't really built a big reserve yet, because you're still with your first few properties, but when you look at the trajectory, and I can see it now, you know, I've six years in all properties are cash flow positive, the rate that we're getting, even if we only increase rents by 2030, $35 a month, year over year. Like you said, right? You want to train your tenants. When I look at the overall picture, it's basically getting better every year. If you have that in mind, to say, I make an investment. I call, by the way, the point what we want to get to. I call that the time freedom point where your portfolio generates enough cash flow so yet you have a choice to say, Do I go work or do I live off the income? And that is why you still have mortgages, right? So if the listeners ever think, Okay, well, what happens when one after the next, the mortgages get paid off, it's like paradise at that point, right? If you really think of it from a purely cash flow perspective, Keith Weinhold 36:56 starting is the hardest, because it's clunky to buy your first property, and then it also takes a few years until you really feel the effect of all these wealth multipliers at the same time. You're sort of touching on the third in the inflation Triple Crown, cash flow enhancement, if you only increase the rent three or 4% per year. Yeah. So what it feels like you're only keeping up with inflation, but the fact that your principal and interest payment stays fixed means a three to 4% rent increase might be a 10% cash flow increase. As that compounds year after year, you really begin to feel those effects. But yes, it does take the addition of time, but not decades. Dr Axel Meierhoefer 37:38 I'm with you. It's just for me, important that anybody who is considering should I get into this right, especially in an environment where people constantly pointing to the fact that the stock market keeps going up, gold is going up, silver is going up, Bitcoin is going up, right? And to me, these are the apples, and they are nice apples, don't get me wrong, right? They're beautiful apples, but we're dealing in oranges, right? And we have these five different things that you keep counting on, and have all kinds of beautiful descriptions about that we get as real estate investors. And it's a choice, right? People can make a choice, and I'm all for diversification, but if you make the choice, then you really have the beginning of building a legacy. And for many people, I find more and more that becomes important to say it's not just for me, like if you were to ask me, it's not just for me, it's also knowing that my daughter will have a much better portfolio than I ever had when I was young. Yeah, our now, like almost two year old grandson, he is going to be safe pretty much forever Keith Weinhold 38:37 getting started and even after starting for some people, there are certain mindsets that they need to overcome. One of them is getting out of state property. So do you have any thoughts or approaches with adding out of state properties, which is still a foreign proposition to some people? Dr Axel Meierhoefer 38:56 Well, one thing that I do and emphasize very strongly in our mentoring program is besides the investing and helping people to get the connections to like the turnkey providers and the lenders and the property managers, inspectors and stuff, the other part, and I'm sometimes almost feel, is more important than the investing itself. Obviously, it's kind of a requirement, but the other part is to really as the mentor, help people to develop the mindset of the king or queen of their own empire, or basically the owner of the investing business. And when you think about it that way, I often times portray it in the way look at all the components, all the services that you need for the out of state investor, right? You need the turnkey provider, property management, bank or lender. You need inspectors and stuff. I try to convey to people, we are building an LLC, and that LLC is hiring these people as if they were employees. And if you look at it that way, and you start adopting that mindset. And. You look at their performance like any employer would look at the performance of their employees. If the performance is great, they get praise and the raise. If the performance sucks, you let him go and get another one when you're not going to hang out with the same property management out of state, constantly complaining, not doing their job, not treating the tenants well, not treating your property well. Why would you keep somebody like that? So it's this aspect of building a mindset of, yes, you might have a job, a regular w2 job, but for the purposes of building your real estate portfolio, you are the business owner, and you're hiring all these services. And when that clicks and you start treating the people that you're working with in that way, with respect, but with every expectation that you pay them for their services so they're supposed to perform. That changes, in my opinion and my experience. That changes everything Keith Weinhold 40:54 comes down to the fact that the team is more important than the property, and a lot of people perhaps overemphasize the geographic location of that property. Location surely matters, but it's just not nearly the most important thing I know. One approach that you take is you have this mantra that underdog properties often outperform hot properties. However, can you speak to that some more Speaker 3 41:21 Well, I think it has to do with it, with this kind of analogy of Steady as she goes right underdog property, I'm more inclined to look in a nice neighborhood and establish nice neighborhood. I always say, Let's try, with the help of a turnkey provider, to find the ugly duckling in a nice neighborhood and get that renovated and that neighborhood, I'm not a big fan of this term blue color versus white color or anything like that, but if you bring the ugly duckling back to be the white swan of that neighborhood, you have, I believe, a very good probability that that will be a very long time longevity, well respected, well rented, well performing property, rather than, you know, running after the shiny object the most you know, like, I don't want to really open wounds, but I know that a lot of people ran to Austin, Texas, because everybody said, that's the market you gotta be in, Right prices, outrageous rents, looked good for a little while, then the property taxes got adjusted, the market collapsed, and now everybody is whining. I rather have my nice property in Dayton or in Cincinnati, and it's doing steady, as she goes, every month, every year, right? So that's what I meant by that Keith Weinhold 42:30 a friend and prolific apartment investor, Ken McElroy, who's been a frequent guest on this show, Ken says, look for distressed properties, not distressed markets. There's a lot in that. Dr Axel Meierhoefer 42:53 Yeah, I'm very much with Ken on that. And it's not just for apartment complexes. I think it fits just as well for single family or duplex triplex fourplex properties? Yeah, we Keith Weinhold 43:03 want to avoid those distressed markets. It takes a long time for them to turn around, and every property in that market floats up or down with it. Well. Dr meyerhoffer, as we think about the future, you've been around this space for a while now, like you mentioned, you're even helping mentor some others. Where do you think the residential real estate market is headed the next few years? From your perspective, Dr Axel Meierhoefer 43:27 I really have the feeling it's kind of a little bit like a coil spring that is basically being wound tighter and tighter and tighter. Because people may not agree with me. I think everybody is entitled to their own opinion, but I'm a little bit refusing to believe that the dream and the interest of owning your own property for yourself and your family supposedly has gone away. What I believe is that the circumstances both from a Can I qualify for a loan? Can I afford the price? Can my wages actually work for what I want to accomplish that balance is out of whack a lot right now, but I can totally see when we're looking in the future, that we will see interest rates coming down, properties still being in high demand. And for us as investors, I don't know if you had it on your show before, but I oftentimes being asked, you know, is it still the right time to invest. And my answer is always, like most people in residential real estate, the best time was 20 years ago. The second best time is today. Yeah. And if you adopt this idea of, like, this cold spring getting ready, I mean, just ask yourself people, the last time they really did anything meaningful was basically in 2022 let's just assume it takes another year until interest rates come down, and another six to nine months for the market to really start adjusting. So that takes us to the middle of 2027 that would mean for five years, hundreds of 1000s, if not billions, of people wanted to do something, wanted to move, wanted to get a house, wanted to get a bigger place. They've. Finally can that's kind of the window that I'm looking at with. Not to say there will never be another opportunity. But why would you wait until the market goes crazy when you have it really nice, really calm right now, almost no competition for an owner occupants. It's really an investor market right now. We can pick and we can be diligent, and we can negotiate with the builders and all this nice stuff, no time pressure. They even tell you, I know Keith. They tell you, too, when you have a client, make first sure that the client is qualified before we even talking about price. I remember times when I bought where I was told you have 72 hours to decide if you want it or not and get it under contract because of 100 people out the door who want it, it's the calm before the storm. If you ask me, I can tell exactly when that storm is really gonna hit, but nobody can convince me that if five years the market is basically frozen, that when you release it and open the door, that it's not going to be pretty crazy. Yeah, no, in my opinion, Keith Weinhold 46:01 that's a good analogy. We're in this period where we have a compressed spring lower interest rates could open up that spring to bounce up, because we have, really, it's all this pent up demand, a pent up demand spring, and we know as mortgage rates fall, millions more people qualify increasing demand for a fixed supply of housing. Well, this has been helpful for the audience. In closing, Dr meyerhoffer, do you have any last thoughts, anything else that you want to share with the GRE audience at all? Dr Axel Meierhoefer 46:35 Well, the one thing I would say is, you know, you want to work with somebody real estate investing, when you have somebody who has built the experience, like you have Keith with you, the programs and all the partners you're working with, similar to me, over the last 10 years, I think it's a great opportunity to do it now, where you can and have the time to learn and work together and take advantage of this relatively Calm market, because it's probably not going to stay that way. And on the other hand, I also feel that too many people are going like you said, in a slightly different context, after the current shiny object. And I would hate for people that made good money in the last year or two in the stock market to lose it all, because what goes up comes down, especially in these kind of assets, why not take some profits and put it where you really have the long term perspective, like you and I have always suggested for people, Keith Weinhold 47:29 and is there a good resource where someone can connect with you? Because we've learned that you've taken such an interest in this and you've begun mentoring people. Is it ideal wealth grower? Dr Axel Meierhoefer 47:38 Yeah. Idealwealthgrower.com we have a button for a complimentary conversation to just book a call. I would assume you agree. You know, when you work with people for longer term and for the personal things like money and investing, you kind of have to have a good relationship. You have to kind of in agreement where you want to go and whether you like each other and have a good energy with each other. So I always feel, let's talk, let's get to know each other. And if we decide we want to work together, then we do that. And if somebody says, You know what I really want to do, apartments. I know people. You know people, we can direct them to. Some people want to do storage units or whatever. So these conversations are really to say, let's get to know each other and see if the goals you have match with what I can help you with. And if that's a yes, then we are off to the races. Keith Weinhold 48:24 Sort of reassuring in this algorithmic world that we live in, in this highly digital world that people you know really still matter, it's still about your connections with people. Dr Meyer Hopper, it's been great getting your perspective. Thanks so much for coming onto the show. Dr Axel Meierhoefer 48:42 Thank you, Keith, for having me. Keith Weinhold 48:49 Yeah, with the first GRE listener guest, Luke, it's just exemplary of how when you own the property now you make the rules, and in this case, you can increase your income multiples by converting your rental property into residential assisted living with the second listener guest, Dr meyerhoffer, I like his analogy of the coiled spring ready to open up as pent up housing demand should get released With lower interest rates. Both guests have a Military Connection, which is merely a coincidence. But today's listener guests were chosen because, unlike others that we've had here, they've each started their own real estate mentoring platforms influenced by listening to this show. Keith Weinhold 49:35 Now in the preview to today's episode, I let you know that I have an opportunity to tell you about it's been pretty well documented that both Florida and Texas have temporarily overbuilt pockets, and this is where home builders, sometimes desperate, are willing to give you a deep deal. I've discussed Florida and their specific opportunities. What? About Texas? Listen to these deep deals, because Texas, it is one of the most in demand states for real estate investing, but cash flow is often hard to find due to property taxes and rising prices. That's why I'm excited to announce that here at GRE us with our coaches, we found a tiny stash of new construction, yet tenant occupied properties in San Antonio, the Houston suburbs and Dallas suburbs, and they are available exclusively to GRE listeners, four bed homes under 340k here's what's remarkable. There's up to $41,000 to you in incentives. That is 12% back at closing, interest only loan options as low as four and three quarter percent. Yes, they're already leased to long term tenants. This is a 19% cash on cash return potential put these properties into service and get bonus depreciation, like I discussed last week, up to $94,000 these incentives are just massive, and you can qualify with DSCR loans, no tax returns required, no w2 required. I mean, this whole thing is a bigger deal than a Bucky brisket sandwich, something else you'll find in Texas. These are all built either this year or last year. For example, like this beautiful three bed, two bath, single family rental in Conroe, Texas that I'm looking at right now. The sale price is just $279,900 and then you get all those incentives. The rent is almost $2,000 it's 1950 and it's over 1500 square feet on this really good looking property with garage. That's just an example of one of the income properties I'm talking about here. They are off market and they won't be available long. Don't miss out on this best performing Texas inventory we've seen many are already cash flowing, $500 plus a month. Chat with a GRE investment coach, and they'll show you the best picks before this inventory evaporates. Book time with them. It's free. You can do that at GRE investment coach.com. Until next week. I'm your host, Keith Weinhold, don't quit your Daydream. Speaker 4 52:47 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC exclusively. Keith Weinhold 53:10 You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access, and it's got paywalls and pop ups and push notifications and cookies disclaimers, it's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor, and it's to the point, because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream. Letter, it wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text gre 266, 866, while it's on your mind, take a moment to do it right now. Text gre 266, 866, Keith Weinhold 54:26 The preceding program was brought to you by your home for wealth. Building, get richeducation.com
It's a tag team edition of BGW as Peninsula Heat rock the commentary booth as we look over the card of AEW Forbidden Door, Konosuke Takeshita wins the G1 Climax and when he will cash in for an IWGP World Title match, Asking Nolo what he thinks of the Karrion Kross situation, AAA Triplemania, speculation about Naomi, WWE & TKO trying to monopolize the game and much more!► BGW goes LIVE with new episodes weekly! https://www.youtube.com/@bgwpod► Follow BGWhttps://www.twitter.com/bgwpod https://www.instagram.com/bgwpod/► “Get Lo” performed & produced by https://www.youtube.com/@iamaoabker► Until The Final Whistlehttps://youtube.com/playlist?list=PLRpdkWXHRFOBBS1n3l6FmiNrWXE1zncf6&si=7tPQLZy44dG8SE3K► The Locker Room Lead https://youtube.com/playlist?list=PLRpdkWXHRFOCkasRcMs_8AMUQ6jEuFqDr&si=sNnVrVzN9VWxOBK8► Ladies Hoop Collective https://youtube.com/playlist?list=PLRpdkWXHRFOAHbBYfJgtWIeIagdjMzV68&si=csMy8S4D4VzhR0VI
Lee & Tammy Sanders bring you another wild ride on WRESTLING with the TOPICS (WWTT) breaking down Bret Hart ripping WWE & Triple H, AEW challenges, Washington, D.C madness, and combat sports shake-ups!This Week on WRESTLING WITH THE TOPICS:•Trump's surprise “crime emergency” takeover of D.C. — National Guard in the streets & home-rule questioned•Viral DC sandwich saga — “Pastrami Revolution” after a man throws a hot pastrami at cops and loses everything•Paramount drops $7.7 B to snatch UFC — pay-per-view model dying, fighter bonuses rising•WWE keeps playing MONOPOLY — global PPV expansion, ESPN television era incoming•Bret Hart shades Triple H again — claims WWE doesn't appreciate him & says modern product is too “manufactured”•Future of the WWE video library — rumors heat up about YouTube / ESPN after Peacock deal ends in 2026 — Lee gives his predictions on where it SHOULD go and why•AEW wobbling — Collision dipped under 300K, Dynamite soft, Tony Khan under pressure while WWE grows stronger•Karrion Kross tells Ariel Helwani his WWE exit wasn't a work — blasts contract games, still wants back in•Baltimore Ravens preseason update — Derrick Henry, DeAndre Hopkins, Tyler Loop & camp battles and Record predictions
SCOTUS: Price control pharma monopoly. Richard Epstein, Civitas Institute, University of Texas 1876 SCOTUS
Shop Talk shares 9 phrases you should eliminate and replace to have people take you more seriously. Caught My Eye looks at a cruise ship passenger's unfortunate trip down a broken slide and the role the Monopoly board game played to help prisoners escape in WW2. Our Business Birthday celebrates Under Armour founder Kevin Plank. Listen, laugh, and learn on this week's The Focus Group. We're all business. Except when we're not. Apple Podcasts: apple.co/1WwDBrC Spotify: spoti.fi/2pC19B1 iHeart Radio: bit.ly/4aza5LW Tunein: bit.ly/1SE3NMb YouTube Music: bit.ly/43T8Y81 Pandora: pdora.co/2pEfctj YouTube: bit.ly/1spAF5a
Mergers and monopoly haven't made streaming more affordable, if anything, it's made it more expensive than cable was originally. What do the recent moves by the NFL, ESPN, and Paramount mean for sports fans? We'll discuss. Check out our new bi-weekly series, "The Crisis Papers" here: https://www.patreon.com/bitterlakepresents/shop Thank you guys again for taking the time to check this out. We appreciate each and everyone of you. If you have the means, and you feel so inclined,BECOME A PATRON! We're creating patron only programing, you'll get bonus content from many of the episodes, and you get MERCH! Become a patron now https://www.patreon.com/join/BitterLakePresents? Please also like, subscribe, and follow us on these platforms as well, (speciallyYouTube!) THANKS Y'ALL YouTube: https://www.youtube.com/channel/UCG9WtLyoP9QU8sxuIfxk3egFacebook: https://www.facebook.com/Thisisrevolutionpodcast/Twitter: @TIRShowOaklandInstagram: @thisisrevolutionoakland Read Jason Myles in Sublation Magazine https://www.sublationmag.com/writers/jason-myles Read Jason Myles in Damage Magazine https://damagemag.com/2023/11/07/the-man-who-sold-the-world/ Read Jason in Unaligned here: https://substack.com Read, "We're All Sellouts Now" here: https://benburgis.substack.com/.../all-we-ever-wanted-wa
We spoke with Award winning director Spike Lee about his love for KAT on the Knicks, what is was like to start up in the film industry and who he thinks the Greatest Actor of All Time is. Plus, best late night eats and why St. Paul got screwed by Monopoly. See omnystudio.com/listener for privacy information.
Most of us don't realize this, but our dreams die long before we've even tried to make them happen. We think it happens after a failed business, a bad job, or a tough season, but it starts in childhood. Without even noticing, we begin capping our ambitions to match our current circumstances. We play small, not because we want to, but because we've convinced ourselves the “big wins” are for other people. And when those limits follow us into adulthood, the damage is exponential, especially in business and investing. We end up making decisions based on fear, not opportunity. In this episode, I take you back to my eight-year-old self at a Monopoly board. That game shaped how I saw money and how I played for years. I'll share why I avoided “Boardwalk,” not just in Monopoly, but in life. And I'll explain how changing my relationship with money completely rewired the way I play today. Things You'll Learn In This Episode The silent killer of ambition What subtle childhood messages about money and “realistic” dreams are still running the show in your financial life? “Boardwalk” isn't the goal How can reframing big-ticket investments change your strategy (and your stress) forever? Breaking generational money habits Most parents accidentally teach their kids the wrong lessons about money. How do we create a legacy of confidence and wealth instead? The mindset shift that multiplies opportunity Why should we stop asking, “Can I afford this?” and start asking, “How can I make this work for me?” About Your Host Remington Ramsey is a speaker, author, entrepreneur, and visionary in the world of real estate. As the creator of "Real Producers", a widely acclaimed magazine connecting top agents and industry leaders, Remington has built an impressive platform dedicated to celebrating and elevating the real estate community. Remington is also the author of Agent Allies: Building Your Business With Strategic Real Estate Partnerships. With a passion for motivating and mentoring, he's shared stages with some of the biggest names in business, helping professionals break through barriers and reach new heights. When he's not busy being a real estate guru, Remington is known for his contagious energy, practical wisdom, and a good dose of humor—because let's face it, navigating life and business requires both grit and a sense of humor. With multiple successful ventures under his belt and a reputation for engaging storytelling, he has the rare ability to make even the driest industry stats sound exciting. Follow the show on our website, Apple Podcasts or Spotify so you don't miss a single inspiring episode! Start a Real Producers Magazine in YOUR Market! Learn more about franchise opportunities at realproducersmag.com
Double Thumb Up, David Stratton, Weekend Plans, The People's Playlist, Weddings & Funerals and the TimewasterSee omnystudio.com/listener for privacy information.
Josh is in for DJ - he has the Quick Takes for Jordana and it includes St. Paul Monopoly - we also dive into an 11 year wallet search, a Christmas tradition returning to Saint Paul and more!
Edition No222 | 14-08-2025 - Putin and Trump seem intent on carving up Europe into an area for manipulation, appropriation and exploitation. This isn't diplomacy, it's geopolitical vandalism. There is an imperial and chauvinist style of geopolitics that treats the world like a Monopoly board: you move pieces, trade squares, bankrupt opponents. Everything is transactional, and everyone can be bought. Peace and justice don't play a role, unless they contribute to deals and relationships that keep the old hamster wheel turning. It's often referred to as the realistic school of geopolitics too, but the mechanistic theories that drive its logic bear little resemblance to what Putin wants, and how Russia is behaving. His game is closer to the military strategy game Risk. The challenge is that Trump is negotiating from this supremely transactional point of view, over layed by a veneer of so-called realist thought among his advisers and analysts. But Putin is playing a different game, and one on a larger board – in terms of scale and depth of time – namely the survival of his regime, and the impact of his person on history. He wants no less than to enter the annals of Russian political folklore as a great Tsar – among the ranks of Peter and Catherine, unifiers of imagined Russian lands and oppressors of the native populations of those places. Rulers that shaped Russia's militaristic civilisation and the contours of empire. Coming into the Alaska summit, Trump is playing Monopoly, while Putin is playing Risk. ----------DESCRIPTION: Alaska Peace Summit: Dangerous Proposals for Ukraine?In this episode of Silicon Bites, we delve into the controversial proposals ahead of the Alaska Peace Summit, which could model the occupied territories in Ukraine on Palestine—a move heavily criticized for legitimizing Russian aggression. Host highlights the transactional approach of Trump's administration and Putin's broader, historical ambitions, examining why such peace deals may perpetuate violence and instability. We review leaked proposals, their implications for Ukrainian sovereignty, and the moral imperatives at stake. Lastly, we analyze the attendees, the symbolic significance of Alaska, and the geopolitical stakes for Europe and Ukraine's future.----------CHAPTERS: 00:00 Introduction and Channel Support00:43 Geopolitical Games: Putin vs. Trump02:36 The Alaska Summit: A Dangerous Proposal03:57 The Palestine Model for Ukraine: A Terrible Idea06:37 Economic Bribes and Ideological Goals11:31 The Reality of Russian Occupation14:43 The Stakes of the Alaska Summit16:25 Non-Negotiables for Peace----------SUPPORT THE CHANNEL:https://www.buymeacoffee.com/siliconcurtainhttps://www.patreon.com/siliconcurtain----------SOURCES: https://www.telegraph.co.uk/news/2025/08/12/the-daily-t-trump-and-putin-carve-up-europe/https://kyivindependent.com/russia-announces-delegation-schedule-for-putin-trump-alaska-meeting/https://www.ft.com/content/5031b199-344c-4fb0-8ce8-6f62165a0aa8https://kyivindependent.com/ukraine-war-latest-112/https://www.reuters.com/world/uk/trump-offers-hope-security-guarantees-ukraine-braces-putin-meet-2025-08-14/https://kyivindependent.com/zelensky-to-reportedly-meet-starmer-in-uk-after-call-with-trump/https://www.telegraph.co.uk/us/news/2025/08/13/trump-to-present-minerals-deal-to-putin-in-alaska/https://kyivindependent.com/ukraine-suffered-most-civilian-casualties-in-july-since-2022/https://kyivindependent.com/drone-attack-sparks-blaze-at-oil-refinery-in-russias-volgograd-russian-official-says/https://kyivindependent.com/us-will-support-ukraine-security-guarantees-but-no-nato-membership-macron-says/https://www.thetimes.com/us/american-politics/article/us-russia-deal-west-bank-occupation-ukraine-wfvnt6v6f----------
Generative AI is testing the limits of copyright law — and the courts are starting to weigh in. Teddy Downey speaks with Keith Kupferschmid, CEO of the Copyright Alliance, about:The legal stakes of AI training on copyrighted works-Conflicting rulings in California courts-How the Warhol decision could influence AI copyright cases-The importance of a healthy licensing market-What's at risk for creators and the economy
In this Capitol Forum podcast, Executive Editor Teddy Downey speaks with Catherine Simonsen—co-founder of the newly launched Simonson Susman LLP and former FTC antitrust enforcer—about the long-neglected Robinson-Patman Act. Together, they dissect how underenforcement of price discrimination laws has contributed to excessive consolidation, economic rent extraction, and the quiet hollowing-out of American small businesses.Simonson outlines legal strategies to revive these laws and challenge dominant “power buyers” like Walmart and Amazon, and explains how price discrimination distorts the supply chain from producer to pharmacy shelf. This is antitrust not as theory, but as practice.
"It's as if we were both JP Morgan and the New York Stock Exchange." — Quoting a Google executive in his new book, Ari Paparo lays out the case against the tech giant. In this Technology Reseller News podcast, Publisher Doug Green interviews Ari Paparo, CEO of Marketecture TV and author of Yield: How Google Bought, Built, and Bullied Its Way to Advertising Dominance. Paparo draws on two decades in ad tech—including his time at DoubleClick during its $3.1 billion acquisition by Google—to explain how the search giant built a commanding position across the digital advertising ecosystem. The conversation centers on the OpenX civil suit against Google, which follows a federal court ruling finding Google guilty of abusing its monopoly in advertising technology. Paparo details how Google's control of both the ad server market and the AdX exchange created a “tie” that locked out competitors, costing companies like OpenX market share and even forcing layoffs. With Google facing multiple antitrust actions worldwide—including parallel cases in search and app stores—Paparo says the September remedies trial could reshape the economics of online publishing. The discussion also examines the broader implications for news organizations and independent publishers, with Paparo predicting that breaking Google's control could open access to new advertising demand sources such as Meta. However, he warns that the rise of AI could create a new winner-take-all dynamic, potentially replacing one dominant gatekeeper with another. For advertisers, Paparo advises pragmatism—continue investing where ROI is strongest, chiefly Google and Meta—while publishers should focus on controlling their distribution through channels like email and podcasts rather than relying on referral traffic. Paparo's Yield—currently a #1 Amazon bestseller in the media category—offers what he describes as a “Michael Lewis–style” narrative for understanding the stakes of ad tech dominance, its impact on journalism, and the uncertain future of an open web. Learn more about Ari Paparo's work at aripaparo.com or find Yield on Amazon and major booksellers.
Tawinee's Actual Factuals- Cardboard Wall, Monopoly and Taxes by STAR 102.5/Des Moines
Monopoly marathons that went on for hours? 30 Seconds that tested friendships? Scrabble showdowns with your gran? Everyone’s got that one board game that reigns supreme in their heart. We want to settle it once and for all what’s the greatest board game of all time, according to YOU? Old-school classics, party favourites, or even the new-gen ones… nominate your champ! Hang out with Anele and The Club on 947 every weekday morning. Popular radio hosts Anele Mdoda, Frankie du Toit, Thembekile Mrototo, and Cindy Poluta take fun to the next level with the biggest guests, hottest conversations, feel-good vibes, and the best music to get you going! Kick-start your day with the most enjoyable way to wake up in Joburg. Connect with Anele and The Club on 947 via WhatsApp at 084 000 0947 or call the studio on 011 88 38 947Thank you for listening to the Anele and the Club podcast.Listen live on Primedia+ weekdays from 06:00 to 09:00 to Anele and the Club broadcast on 947 https://buff.ly/y34dh8Y For more from the show go to https://buff.ly/gyWKIkl or find all the catch-up podcasts here https://buff.ly/K59GRzu Subscribe to the 947s Weekly Newsletter https://buff.ly/hf9IuR9 Follow us on social media:947 on Facebook: https://www.facebook.com/947Joburg/ 947 on TikTok: https://www.tiktok.com/@947joburg947 on Instagram: https://www.instagram.com/947joburg947 on X: www.x.com/947 947 on YouTube: https://www.youtube.com/@947Joburg See omnystudio.com/listener for privacy information.
Google may be forced to give up Chrome, and that's just the start of today's headlines. While Marc is away at Camp Footprint DR and the community lead the conversation on podcasting's most profound news. We cover the $34 billion Chrome bid from Perplexity AI, what users are saying about Chat-GPT5, and the unusual lawsuit pitting Mattel against a podcaster named Ken. Add in Shondaland's podcast division closing, Patreon's $10 billion payout milestone, and YouTube's latest updates, and we've got a can't-miss news round-up just for you!Episode Highlights: [02:21] Podcast Stats and Rankings[04:51] Upcoming Podcasting Events[06:59] True Crime Podcast Awards[09:20] Spotify and Pod Link Updates[10:29] Howard Stern's Possible Retirement[13:10] Google Chrome and AI News[24:29] Google's Monopoly and User Experience[26:08] GPT-5: User Experience and Updates[32:22] Social Media Updates: Instagram and Chatter[36:10] Intellectual Property Rights and Branding[39:55] Patreon: Sustainability and Competitors[44:09] YouTube Updates: Multi Audio Tracks and MoreLinks & Resources: Join The Empowered Podcasting Facebook Group:www.facebook.com/groups/empoweredpodcastingGet Your Tickets for The Empowered Podcasting Conference:www.empoweredpodcasting.comPodnews:www.podnews.net Podcast Strategy Weekly: https://podcaststrategy.substack.comPodcasting Directory Meets Every Thursday:https://lu.ma/22kyg389Ten-True Crime Award Nominees: https://bit.ly/45eWTw3Podlink:https://bit.ly/45CD9l7Mattel Lawsuit: https://bit.ly/3Jg0EZyPatreon Crosses $10B Payout:https://bit.ly/45KaCuZRemember to rate, follow, share, and review our podcast. Your support helps us grow and bring valuable content to our community.Join us LIVE every weekday morning at 7 am ET (US) on Clubhouse: https://www.clubhouse.com/house/empowered-podcasting-e6nlrk0wOr Join us on Chatter: https://preview.chattersocial.io/group/98a69881-f328-4eae-bf3c-9b0bb741481dLive on YouTube: https://youtube.com/@marcronickBrought to you by iRonickMedia.com Please note that some links may be affiliate links, which support the hosts of the PMC. Thank you!--- Send in your mailbag question at: https://www.podpage.com/pmc/contact/ or marc@ironickmedia.comWant to be a guest on The Podcasting Morning Chat? Send me a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/1729879899384520035bad21b
We sat down with the CCO of @chess Danny Rensch, in a tell all conversation about his upbringing in a cult, how chess.com became the biggest chess platform in the world, the current cheating plague and how the platform is working to combat it, his relationship with Hans, and much more. Pre-order Danny's upcoming book, Dark Squares, here: https://www.chess.com/darksquares ♟️Play With Us: https://www.chess.com/join/csqpod?ref_id=207174611
We are joined by new pantheon member Tilly Rose! Tori writes and edits for Pajiba, Mr. Monopoly co-hosts Bad For Me. The next Workplace Month topic is The Oh in Ohio (2006).
Co-hosts Mark Thompson and Steve Little explore the groundbreaking release of ChatGPT-5, which arrived after over a year of anticipation. They discuss how this new model transforms the AI landscape with better reasoning, larger context windows, and dramatically reduced hallucinations.The hosts examine OpenAI's new Study and Learn Mode, which acts as a personal tutor rather than just providing answers, making it ideal for genealogists who want to deepen their understanding of their favourite topic.This week's Tip of the Week cautions beginners about challenging AI tasks like handwritten transcriptions and structured files, recommending they master the basics first.In RapidFire, they cover OpenAI's first open-source release since 2019, NotebookLM's video capabilities, and impressive AI company earnings reports.Timestamps:In the News:00:55 ChatGPT-5 Has Arrived: Improved Features (mostly) for Genealogists16:29 OpenAI's Study and Learn Mode: Your Personal Genealogy Tutor23:40 Claude Releases Opus 4.1: Enhanced Reasoning and WritingTip of the Week:29:25 AI Tasks for Beginners to Be Cautious OfRapidFire:40:16 OpenAI Releases First Open Source Model Since 201948:33 NotebookLM Upgrade Adds Video Support53:34 AI Companies Report Record EarningsResource LinksIntroduction to Family History AIhttps://tixoom.app/fhaishow/OpenAI GPT-5 Model Cardhttps://openai.com/index/gpt-5-system-card/Introducing study modehttps://openai.com/index/chatgpt-study-mode/ChatGPT Study Mode - FAQhttps://help.openai.com/en/articles/11780217-chatgpt-study-mode-faqClaude Opus 4.1https://www.anthropic.com/news/claude-opus-4-1OpenAI announces two "gpt-oss" open AI modelshttps://arstechnica.com/ai/2025/08/openai-releases-its-first-open-source-models-since-2019/Google's NotebookLM rolls out Video Overviewshttps://techcrunch.com/2025/07/29/googles-notebooklm-rolls-out-video-overviews/Tech bubble going pop: AI pays the price for inflated expectationshttps://www.theguardian.com/commentisfree/article/2024/aug/07/the-guardian-view-on-a-tech-bubble-going-pop-ai-pays-the-price-for-inflated-expectationsIs The AI Bubble About To Burst?https://www.forbes.com/sites/bernardmarr/2024/08/07/is-the-ai-bubble-about-to-burst/Google loses appeal in antitrust battle with Fortnite makerhttps://masslawyersweekly.com/2025/08/06/google-play-monopoly-verdict-epic-games-win/Department of Justice Prevails in Landmark Antitrust Case Against Googlehttps://www.justice.gov/opa/pr/department-justice-prevails-landmark-antitrust-case-against-googleTagsArtificial Intelligence, Technology, Genealogy, Family History, OpenAI, ChatGPT-5, Claude, Large Language Models, AI Learning Tools, Study Mode, Open Source AI, NotebookLM, Video Overviews, AI Reasoning, Context Windows, Hallucination Reduction, GEDCOM Files, Handwritten Transcription, Document Analysis, AI Earnings, Google Antitrust, Apache License, Local AI Processing, Privacy, AI Education, Tutoring Systems, Coding Capabilities, Multilingual Processing, AI Development, Family History Research, Genealogists, AI Tools, Machine Learning
High Performance Computing is here for the masses!Enterprises are bleeding budget in the public cloud, shackled to legacy on-prem systems, and wrestling with HPC workflows so complex they require armies of admins just to keep them running. In this episode, I talk to Matthew Shaxted, Founder & CEO of Parallel Works, about how their ACTIVATE platform is breaking that lock-in, unifying HPC, AI, and hybrid cloud computing into one seamless control plane.Think democratized supercomputing — where scientists, researchers, engineers, and AI teams get instant, intuitive access to powerful compute resources without becoming system admins. ACTIVATE abstracts away the messy plumbing of schedulers, chipsets, and hybrid environments, enabling workloads to run seamlessly across on-prem, multi-cloud, and GPU clusters. From high-security IL5/CUI/ITAR deployments to real-time cost control and AI-driven physics model replacement, Parallel Works is lowering the complexity barrier and unlocking HPC for the AI era.Parallel Works was founded in 2014 in Chicago, IllinoisTechnology & Topics Mentioned:HPC, AI Orchestration, Hybrid Cloud, OpenStack, Kubernetes, GPU Clusters, Multi-GPU Nodes, IL5 Security, CUI/ITAR Compliance, Workflow Automation, Cost Governance, Scientific Computing, Predictive Modelling, Scheduler Abstraction, HPCwire Top Cloud Platform, Cloud Repatriation, NOAA, Biomedical Research, Space Weather Modelling, ML-based Physics ReplacementGreat Things with Great Tech Podcast: https://gtwgt.comGTwGT Playlist on YouTube: https://www.youtube.com/@GTwGTPodcastListen on Spotify: https://open.spotify.com/show/5Y1Fgl4DgGpFd5Z4dHulVXListen on Apple Podcasts: https://podcasts.apple.com/us/podcast/great-things-with-great-tech-podcast/id1519439787EPISODE LINKSParallel Works Website: https://www.parallelworks.comParallel Works on LinkedIn: https://www.linkedin.com/company/parallel-worksMatthew Shaxted on LinkedIn: https://www.linkedin.com/in/matthewshaxtedGTwGT LINKSSupport the Channel: https://ko-fi.com/gtwgtBe on #GTwGT: Contact via Twitter/X @GTwGTPodcast or visit https://www.gtwgt.comSubscribe to YouTube: https://www.youtube.com/@GTwGTPodcast?sub_confirmation=1Great Things with Great Tech Podcast Website: https://gtwgt.comSOCIAL LINKSFollow GTwGT on Social Media:Twitter/X: https://twitter.com/GTwGTPodcastInstagram: https://www.instagram.com/GTwGTPodcastTikTok: https://www.tiktok.com/@GTwGTPodcast
What happens when you mix stop-motion-inspired visuals, card-based combat, and a dice companion that can literally change your fate? You get Lost in Random: The Eternal Die — a bizarre, Tim Burton-esque action-adventure that's equal parts whimsical and unsettling.In this episode of Game Pass or Pass, we dive into:How the dice-rolling mechanic impacts combat pacing and strategyThe blend of real-time action with deck-building and why it's unlike most Game Pass titlesThe dark fairy tale world design and how it elevates the game's atmosphereWhether the story and gameplay loop hold up through the entire journey or start to feel repetitiveHow “The Eternal Die” expansion adds new layers to the original and if it's worth revisitingIs Lost in Random: The Eternal Die a hidden gem on Game Pass, or just a stylish curiosity that runs out of luck?
While Black Lives Matter protests may not have brought lasting reforms nationwide, in Sanford, Florida, the town where Treyvon Martin was killed in 2012, change has taken root. Also in today's stories: the people fighting to keep local news alive, the stand-up comics testing free speech in India, and the role of Monopoly in rescuing POWs from German prison camps. Join the Monitor's Clay Collins for today's news.
The goal of the podcast is to teach you how my system of research and how I determine risk/reward. I think this episode laid it out well with an analogy to Monopoly. You can take every trade you hear about and maybe do well or you might not - the risk is yours - the decisions are yours and managing it is yours. Here are the links to all the sales: SAVE ON TRENDSPIDER - GET THE ANNUAL SUBSCRIPTION TO GET MY 4 HOUR ALGORITHM
(August 07, 2025)Homeowners say Army Corps. Botched L.A. fire cleanup, agency documents concur. Millions of Californians may lose health coverage because of new Medicaid work requirements. ChatGPT adds mental health guardrails after bot ‘fell short in recognizing signs of delusion.' How one company maintained a monopoly on U.S. fire retardant.
Jake, Gareth and Guest Helper Ty Burrell find a caller's dad a new pee spot. Then, they confront a game night cheater.Check out The Good Life, created by Ty Burrell, and starring Jennifer Garner, Ty Burrell, and Colton Dunn. The Good Life is a feel-good comedy inspired by Ty's real-life childhood and available now, only on Audible.Want to call in? Email your question to helpfulpod@gmail.com.PATREON: https://patreon.com/heretohelppodMERCH: heretohelppod.comINSTAGRAM: @HereToHelpPodIf you're enjoying the show, make sure to rate We're Here to Help 5-Stars on Apple Podcasts.Advertise on We're Here to Help via Gumball.fmSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Introducing ZOUK'S CUBES – a new podcast from the creators of Add to Cart! Jason Mantzoukas is taking over the feed to bring Ku and Su on an unforgettable journey into the world packing cubes, pouches and backpacks. It's a meeting of the minds for Kulap, as her two besties Jason and SuChin hit it off at first, thanks to their shared love of wool socks and arch support. But things take a quick turn when Zouk's gear threatens the chaos Su thrives on. Forget everything you've heard so far, this is episode zero. Please note, Add To Cart contains mature themes and may not be appropriate for all listeners. To see all products mentioned in this episode, head to @addtocartpod on Instagram. To purchase any of the products, see below. Jason and Su share a deep love of Darn Tough Socks The Birkenstock Zermatt slipper is so good, Jason bought several These small bags from Tom Bihn and Evergoods make going through TSA a breeze This Evergoods backpack is carry-on and under-the-seat size But wait, there's more backpacks: bellroy's Transit Backpack, and the Synik 30 and Shadow Guide 33 from Tom Bihn This Nitecore Powerbank can charge Jason's phone three times in one go The stars of Zouk's Cubes are these Peak Design Packing Cubes The cherry on top of Jason's organizational system: little plastic baggies Can't stand the Monopoly board game? Try the card game (pst, get the green pack) Jason nerds out about the Star Wars: Thrawn Series (and the Audible version too) Stay up to date with us on Twitter, Facebook, and Instagram at @LemonadaMedia. Joining Lemonada Premium is a great way to support our show and get bonus content. Subscribe today at bit.ly/lemonadapremium. Click this link for a list of current sponsors and discount codes for this show and all Lemonada shows: lemonadamedia.com/sponsorsSee omnystudio.com/listener for privacy information.
In this episode, Capitol Forum's Nate Soderstrom sits down with Jeremy Sanford, partner at Econic Partners and former FTC economist, to discuss his new paper on the 2015 Steris/Synergy merger—a key potential competition case that was litigated but allowed to proceed.Jeremy walks through:Why the FTC brought the case-The court's reasoning in denying the injunction-What we've learned from 10 years of post-merger evidence-How this case fits into broader merger enforcement and guideline updates
Mark and John discuss the 2024 horror film Heretic. Directed by Scott Beck and Bryan Woods, and starring Hugh Grant, Sophie Thatcher, Chloe East, and Bob Ross Monopoly, the movie focuses on a villain who loves to lecture people. In this episode, they also talk about metal walls, hidden rooms, and 2024 horror films. EnjoyPlease rate, review and subscribe the podcast!
TransMissions Podcast: Transformers News and Reviews! - All Shows Feed
In this special episode, the B++ Team explores the wide world of Transformers board games and tabletop experiences! From the classic Monopoly reskins to the deck-building games, RPGs, miniatures, and the much-loved (and missed) TCG, we cover it all. We share our personal favorites, hidden gems, and games that didn't quite transform as hoped. Whether you're into strategy, storytelling, or just moving plastic bots across a grid, this episode has something for every kind of tabletop fan. Special Thanks to Dr. Pants for editing this episode! Check out his show Nerdstrodamus! Check out Mike and Brandon on Empire Of Rust! Order our exclusive Skybound Transformers #1 comic with cover art by E.J. Su! Want some TransMissions swag? Check out our online shop, powered by Dashery! If you enjoy TransMissions, please rate us and subscribe on Apple Podcasts and Spotify! These ratings greatly help podcasts become more discoverable to other people using… Continue reading The post Alt Mode 453 – Board To Be Wild: Transformers Games Unpacked appeared first on TransMissions Podcast Network.
Rock legend David Lowery draws on his decades in the music industry to explain how government-imposed licensing fees and price controls helped streaming platforms flourish while eroding artist rights and income.
Tesla just opened something completely wild: a drive-in movie theater diner / charging station… run by robots.About ½ of all zippers are made by 1 company: YKK… it's the most international brand on earth.WNBA All-Stars wore pay-protest t-shirts on the court… so we're breaking down the salary negotiation.Plus, the untold origin story of the most valuable franchise in history… Pokemon.$TSLA $LEVI $NTDOYWant more business storytelling from us? Check out the latest episode of our new weekly deepdive show: The untold origin story of… “Pokemon