Podcasts about multi millionaire

Louise (not her real name) has far more money than she is ever likely to spend. She has always invested in equities and is comfortable with them. However, now at age 84, she is wondering whether she should invest more conservatively. This is a case study about the "Multi-Millionaire's Dilemma." Louise says: "Many of my women friends have the same concern: Is my asset allocation suitable for me? Specifically, what proportion should I invest in GICs versus broad-market index ETFs? Tax efficiency is also a concern." In my latest podcast episode you will learn: What is the "Multi-Millionaire's Dilemma"? How is Louise's situation similar to the "Multi-Millionaire's Dilemma"? What reasons might she have for investing more conservatively with GICs? What reasons might she have for staying invested in equities? How can understanding the odds of losing money and the potential for growth help her decide? What are the odds that her investments will be worth less at the end of her life? How much could they be down in a worst-case scenario? How much less is she likely to earn by switching from equities to GICs? How can she simplify her investments if she stays in equities?

What happens when someone loses everything… and decides to rebuild their life from the ground up?In this powerful episode, hear the real story behind going from being homeless and living in motels with no money, no car, and no direction… to becoming a successful real estate investing entrepreneur and multi-millionaire.But this is more than just a real estate investing success story.It's a conversation about:

“I'm not a writer, but you don't have to be a writer to create a really wonderful book.” – Christine Blosdale Today's featured international bestselling bookcaster is award-winning media personality and sought-after expert authority coach, Christine Blosdale. Christine and I had a fun on a bun chat about her books, conquering her imposter syndrome, the power of a small start, and more!!Key Things You'll Learn:What sparked Christine's early love for recording and broadcastingHow she helps clients overcome their fear of writingWhy it's easier than you think to produce an audiobookThree major lessons learned from starting, growing, and running her podcastsChristine's Site: https://www.christineblosdale.com/Christine's Books: https://www.amazon.com/stores/author/B088C19Y6K/allbooksChristine's Podcasts: https://www.christineblosdale.com/mypodcastsThe opening track is titled, “Unknown From M.E. | Sonic Adventure 2 ~ City Pop Remix” by Iridium Beats. To listen to and download the full track, click the following link. https://www.patreon.com/posts/sonic-adventure-136084016 Please support today's podcast to keep this content coming! CashApp: $DomBrightmonDonate on PayPal: @DBrightmonBuy Me a Coffee: https://www.buymeacoffee.com/dombrightmonGet Going North T-Shirts, Stickers, and More: https://www.teepublic.com/stores/dom-brightmonThe Going North Advancement Compass: https://a.co/d/bA9awotYou May Also Like…699 – “From His Brothers Basement to Hall of Fame Podcaster” with Dave Jackson (@DaveJackson): https://www.goingnorthpodcast.com/ep-699-from-his-brothers-basement-to-hall-of-fame-podcaster-with-dave-jackson-davejackson/583 – “How to Be the Face of Your Business” with Tonya Eberhart (@brandfacestar): https://www.goingnorthpodcast.com/ep-583-how-to-be-the-face-of-your-business-with-tonya-eberhart-brandfacestar/488.5 – “Create, Innovate & Dominate” with Tracy Hazzard (@hazzdesign): https://www.goingnorthpodcast.com/ep-4885-create-innovate-dominate-with-tracy-hazzard-hazzdesign/681 – “Make Someone's Moment Through Podcasting” with Kelly Smith: https://www.goingnorthpodcast.com/ep-681-make-someones-moment-through-podcasting-with-kelly-smith/232 – “Podcast Power” with Heneka Watkis-Porter (@TheEntrepYou): https://www.goingnorthpodcast.com/232-podcast-power-with-heneka-watkis-porter-theentrepyou/400 – “How to Become a Multimillionaire, but Not Act Like It” with Tom Antion (@TomAntion): https://www.goingnorthpodcast.com/ep-400-how-to-become-a/#Host2Host Bonus Ep. - “Innuendo City” with Michelle Nedelec (@michellenedelec): https://www.goingnorthpodcast.com/host2host-bonus-ep-innuendo-city-with-michelle-nedelec-michellenedelec/333 – “How to Grow Your Social Media Influence” with Catherine Saykaly-Stevens (@CatherineNetWeb): https://www.goingnorthpodcast.com/ep-333-how-to-grow-your-social-media-influence-with-catherine-saykaly-stevens-catherinenetweb/86 - "Stepping Into the Spotlight" with Tsufit (@Tsufit): https://www.goingnorthpodcast.com/86-stepping-into-the-spotlight-with-tsufit-tsufit/384 – “Steal Your Skills From Corporate” with Katrina Roddy (@KRoddy65): https://www.goingnorthpodcast.com/ep-384-steal-your/277 – “Entrepreneurs Rocket Fuel” with Kimberly Hobscheid (@EntrepreneursR4): https://www.goingnorthpodcast.com/277-entrepreneurs-rocket-fuel-with-kimberly-hobscheid-entrepreneursr4/348 – “Bring Inner Greatness Out” with Dr. Mansur Hasib, CISSP, PMP, CPHIMS (@mhasib): https://www.goingnorthpodcast.com/ep-348-bring-inner-greatness-out-with-dr-mansur-hasib-cissp-pmp-cphims-mhasib/387 – “How to Demolish Imposter Syndrome & Create an Online Course” with Mark Kumar (@mark2kumar): https://www.goingnorthpodcast.com/ep-387-how-to/

Andrew Scott shares his inspiring journey from early struggles in Belfast to building multi-million pound businesses, overcoming setbacks, and fostering an entrepreneurial spirit. This episode offers practical frameworks, insights on resilience, and tips for growth and success.Chapters00:00 - From Ireland to Opportunity: Andrew's Journey 05:53 - The Power of Hard Work and Learning 11:53 - Turning Around Distressed Businesses 17:57 - The Importance of Metrics in Business 24:03 - Resilience and Rebuilding After Failure 25:41 - Strategic Planning and Operational Growth 26:59 - The Journey of Scaling a Business 27:57 - Overcoming Imposter Syndrome 30:35 - Celebrating Failure as a Stepping Stone 34:29 - Reviving the Entrepreneurial Spirit 38:21 - The Importance of Experimentation 40:08 - The Emotional Journey of Selling a Business 43:49 - Inspiring Future EntrepreneursCTA Sales shouldn't feel like guesswork. Get clear, proven tactics delivered weekly — no fluff, just results. If you want to close more and stress less, this is for you.

You're tired of guessing, right? Watching other people seem to “get it” while you're stuck learning expensive lessons the slow way, hoping the next move isn't the one that sets you back months. If you've ever thought, “I just need someone to tell me what actually matters,” this episode is for you, because it's built around one idea: compressing years of business reality into minutes you can actually use. Omar shares how he went all in at 32 with no savings, no safety net, and zero proof it would work, then lived through the full ride of building, failing, winning, running multiple businesses at once, and landing an exit that changed everything. Instead of the usual fluff, he's pulling from the moments that cost him the most and taught him the most, then squeezing those hard-earned takeaways into a tight 20-minute(~ish) listen. You'll feel the weight behind what he's saying, and it'll make you rethink what you've been stressing about. If you want the fast-track version of what two decades in business can teach you, click play at the top of the page and get the “20-years-in-20-minutes” hit of perspective you didn't know you needed. MBA2778 20 Years Of Business Knowledge In 20 Minutes (From A Multi-Millionaire) Resource: Download the P&L Sheet here: Download Link Recommended episode to explore: The 5 Silent Killers Of Success (How To Avoid Them & What To Do Instead) Watch the episodes on YouTube: https://lm.fm/GgRPPHi SUBSCRIBE YouTube | Apple Podcast | Spotify | Podcast Feed Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

"You could recover 1%. You could recover 100%. It'll be based on how hard you work, how much you give towards this." Success is often built long before the breakthrough arrives. Discipline, resilience, and the refusal to quit become the foundation that carries people through moments that would destroy most others. This episode explores what happens when life is stripped down to survival itself—and how purpose, gratitude, and relentless effort can rebuild a person from the ground up. It's also a reminder that the simplest moments in life become extraordinary when viewed through the lens of survival and second chances. After surviving a catastrophic workplace accident involving a 10,000-pound pipe, Andrew Gauthier was left with severe head trauma, memory loss, PTSD symptoms, and uncertain odds of recovery. Doctors told him there were no guarantees, and that his future would depend on how hard he fought. Andrew pushed through rehabilitation, rebuilt his physical and cognitive abilities, completed a half marathon just nine months later, and eventually ran a full marathon while continuing to grow his real estate career and appreciation for life. Andrew is a Canadian real estate investor and developer who began investing at 21 years old while working physically demanding jobs as a marine welder across Canada. After building his portfolio through hard work and self-funded investing, his life changed following a near-fatal workplace accident. Today, Andrew speaks openly about resilience, recovery, mindset, gratitude, and rebuilding life after trauma. Learn more & connect: 905-691-6762 www.gauthierlegacyproperties.com IG: GauthierInvestments Raymond Aaron has shared his vision and wisdom on radio and television programs for over 40 years. He is the author of over 100 books, including Branding Small Business For Dummies, Double Your Income Doing What You Love, Canadian best-seller Chicken Soup for the Canadian Soul, and he co-authored the New York Times best-seller Chicken Soup for the Parent's Soul. Raymond's latest, co-authored book is The AI Millionaire's Path: Discover How ChatGPT‐Written Books Become Bestsellers and How They Can Make You a Millionaire Author!. www.Aaron.com

Connect with the Investor Mama Tribe Janine Mix is a Christian entrepreneur, author, speaker, and investor who turned her financial life around from being $120,000 in debt to becoming a multimillionaire. After years of frustration with conventional financial advice focused on strict budgeting and cutting expenses, Janine finally experienced a breakthrough by unlearning these limiting approaches and transforming her relationship with money. This pivotal shift empowered her to take bold, strategic actions that led to complete financial freedom by age 33. Janine believes that more wealth in the hands of women can change the world and is passionate about helping women get out of their own way and break financial barriers and build generational wealth. Janine hosts the Permission to Prosper podcast, where she shares insights on financial empowerment and wealth-building strategies. Her  best-selling book, Buy The Damn Coffee, is a call to break free from cycles of blame, shame, and restrictive money habits, empowering readers to embrace a mindset that fosters confidence, growth, and impact for their families and communities. Key Takeaways: 1. Heal Your Money Story Before You Build Wealth Your relationship with money — what you heard, learned, and experienced growing up — is what’s actually blocking you. Until you identify and rewrite those beliefs, no strategy will stick. Janine’s “MIX Shift Framework”: find the message, ask if it’s true, cross it out, and replace it with a new one. 2. There’s No One-Size-Fits-All Real Estate Strategy — Start with Your Goal Airbnb, flipping, house hacking, single-family rentals — they all work. The key is knowing why you’re investing and what you want your life to look like. You only need 3–5 semi-free-and-clear properties to retire. Pick one strategy, start, and give yourself permission to pivot. 3. Not All Debt Is Bad — Learn to Use Leverage Consumer debt takes your money; leveraged debt makes you money. Real estate’s real power isn’t just cash flow — it’s depreciation, tax benefits, equity lines of credit, and using other people’s money (OPM) to grow. Net worth on paper means nothing; cash flow is what matters. 4. Focus on Income, Not the $5 Latte Cutting small expenses won’t change your life — growing your income will. “Buy the Damn Coffee” is a movement away from guilt and scarcity thinking. Temporary sacrifice is okay to course-correct, but the real wealth shift happens when you move from restricting to building. More money in the hands of women changes the world. Additional Resources and Help Support the Show Check out the Intern Strategy Course created by Christina from Smart Influencer Learn How to Make Extra Money with a Side Hustle or Get a High Paying Salary with Time Flexibility Episode #30:The #1 Side Hustle for the On the Go Busy Mom with Mike Yanda and Bobby Hoyt Episode #52: Millionaire by 31 and How to Start An ETSY Side Hustle Business with Julie Berninger from Gold City Ventures Check out Julia’s Sidehustle course to get started today The Legacy Binder to help you organize all of your estate documents and plans in case of an emergency Show Me How To Fix My Pelvic Floor from Tighten Your Tinkler Use Coupon Code: INVESTORMAMA to save $50 off this signature program High-income earner, needing an amazing accountant? Check out the TaxGoddess Connect with Janine Janinemix.com Buy the Damn Cofee by Janine Mix Permission to Prosper Podcast Instagram Facebook

You've worked hard, built up a few million dollars, and now you're seventy-five, retired, and staring at your portfolio wondering — do I really need to keep riding the stock market rollercoaster?  Or is it finally time to play it safe? That's the multi-millionaire's dilemma, and it's a lot more common than you might think. We have seen it many times. Far more money than you will spend during your life.  Continue investing for growth or switch to conservative? In my latest video, podcast episode and blog post you'll learn: What is the "Multi-Millionaires' Dilemma"? Why consider going conservative? Why consider continuing to invest for growth? What is the maximum that equities are likely to be down at the end of your life? What are the odds equities are down over periods of 5, 10, 15 or 20 years? How much growth are you likely giving up by switching from equities to GICs? Can the numbers make this clearer? What is your money for? Why Ed will be 100% equities his entire life.

For more, visit www.BishalSarkar.com or WhatsApp our team: https://wa.me/918880361526In this transformative episode of the "I Love Public Speaking" podcast, Bishal Sarkar shares the 7 types of rest that have contributed to his journey of becoming a multi-millionaire.Join Bishal Sarkar as he reveals how proper rest, both mental and physical, plays a crucial role in boosting productivity, creativity, and long-term success.Learn how incorporating these different types of rest into your routine can enhance your performance, reduce burnout, and help you achieve your personal and professional goals.Tune in to the "I Love Public Speaking" podcast with Bishal Sarkar to discover how these powerful rest practices can support your growth and pave the way to success.

Garth Heckman The David Alliance TDAgiantSlayer@Gmail.com  THE MAN   ABOUT 2 1/2 YEARS AGO I HAD A CHANCE TO TALK TO MULTI MULTI MILLIONAIRE… HIS FIRST QUESTION TO ME RIGHT OUT OF THE GATE “IF YOU WERE TO DIE TODAY WOULD YOU GO TO HEAVEN?  I ASKED HIM WHY HE STARTS EVERY CONVERSATION LIKE THAT? AT THE END OF THE CONVERSATION I SAID “HAVE YOU EVER BEEN AFRAID IT MIGHT COST YOU YOUR REPUTATION, BUSINESS OPPORTUNITY OR MONEY?  HIS REPLY: I HAVE FOUND OUT OVER THE YEARS JESUS DOESN'T CARE ABOUT WHAT OTHER PEOPLE THINK… HE BLESSES ME REGARDLESS!    Some day I will own a gym again, and when I sign people up on the contract I will have a place where I explain the plan of salvation to them… I may lose customers… but its always the gospel first!    When healing takes place, when forgiveness takes place it is the supernatural invading the darkness here on earth. YOU WALK AROUND LOOKING TO MESS UP SATANS PLANS! YOU ARE THE SECRET WEAPON!   Stages of faith seen in the scriptures. - You ask Jesus "if you can” Luke 5:12 Leper - You ask Jesus “if you are willing” Matt. 8:2 Leper - If I can only touch him Matt. 9:20 - If he touches me - He goes out and heals the masses - If he says the word - Matt. 8:8 The centurion - If I hear his word - Paul hears Jesus speak to him on Damascus - If I read his word - We read the Word and believe it  -  I AM HIS WORD 2 Cor. 3:3 clearly you are an epistle of Christ, ministered by us, written not with ink but by the Spirit of the living God, not on tablets of stone but on tablets of flesh, that is, of the heart. *Get people to Jesus at all cost (Mark 2:1-5 bring the paralytic man through the roof to Jesus)   -  What are you willing to do to bring people to the Gospel?   -  What are you willing to believe in order to get people to the Gospel?   -  What are you willing to risk to bring people to the gospel? 

Coucou everyone!One of the world's richest women of the 20th century, hear how Helena Rubinstein turned 12 pots of face cream into a multi-national beauty empire. Not only was she passionate about making women feel like their best selves, but she had exquisite taste in art, fashion, and real estate. Then we pivot into learning about pre-Christian sand folk art in central Poland. Helena would have certainly approved.Main topic sources: Helena Rubinstein: Documentary on the Queen of Female Beauty | Art, Culture & Advertising History Helena Rubinstein - The Metropolitan Museum of Art Helena Rubinstein, A Champion of the Beauty IndustryHelena Rubinstein: Self-Made Cosmetics Magnate and Multimillionaire  Mini topic sources:Drawing protective symbols with sand in PolandWiano.eu Rysowanie piaskiemKate's recommendation: Alice Pilate Pilates AppCatherine's recommendation: Tasting History with Max Miller on YouTubeDon't forget to follow us on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ & ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tiktok⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ :)Cover art and logo by Kate WalkerMixed and edited by Catherine RoehreTheme song by LumehillThank you all - ciao!

In this episode of The Trader's Journey, Anthony speaks with David Veprek, CFA about the highs and lows of his multi-million dollar trading career spanning more than two decades. From starting with a $2,000 account, Dave reached massive highs while absorbing career-defining hits like a $1.7M loss — and navigating a multi-year drawdown that tested everything. Learn how he survived and adapted using risk managment, understanding his own limitations, working as a team to build automation tools and strategies, and much more!

In this episode of The Kirk Miller Podcast, Kirk sits down with entrepreneur and bestselling author Jason for a powerful conversation about breaking out of the cycle of inconsistency and finally achieving lasting results. Despite success in business and life, Jason spent years stuck in the all-too-familiar pattern of losing weight, gaining it back, and never quite understanding what actually drives sustainable change. This episode explores what shifted — and how he went from frustration to building a physique and lifestyle he can now maintain long-term. In this episode, Kirk and Jason discuss: Why success in business doesn't automatically translate to success in health The cycle of dieting, inconsistency, and starting over The turning point that changed Jason's approach to fitness Why more discipline isn't always the answer The role of structure, guidance, and accountability How to train effectively without overcomplicating things Why nutrition doesn't need to be restrictive to get results The importance of environment and surrounding yourself with the right people The Bigger Takeaway This episode is a reminder that: You can't outwork a broken system Guesswork leads to frustration And long-term results come from clarity, structure, and consistency Jason's journey shows what's possible when you stop relying on willpower and start following a proven process. For more information on what was discussed in this episode head to https://www.builttolast.co/apply The Kirk Miller Podcast is the show for business leaders and peak performers to get into the best physical and mental shape of their lives and unleash from within confidence they never thought possible.    

SWall Street Journal,  CNN, Fortune, Barrons, HGTV Frank McKinney is a true modern-day Renaissance man who has pushed the limits of success in his every endeavor. His early years were not very promising: upon attending his 4th high school in 4 years (he was asked to leave the first 3), and seven stints in juvenile detention, he earned his high school diploma with a 1.8 GPA. With $50 in his pocket and without the benefit of further education, he left his native Indiana for Florida in search of his life's highest calling.Today, Frank's life is a testament to the power of aspiration to create a completely new reality. As a real estate artist he has created and sold 44 oceanfront mansions on spec, with an average price of $14 million. Frank recently announced he was un-retiring and coming back to create more real estate artistry! See two short films that were just made about Frank's exciting comeback!As a philanthro-capitalist, Frank has built 30 self-sustaining villages over the last 20 years in Haiti, providing 13,600+ children and their families with homes, schools, clinics, community centers, churches, renewable food and clean water, and means to support themselves.A best-selling author, actor, and keynote speaker, Frank has written seven books in six genres, with the title, premise and cover for his 8th book in his 7th genre being revealed at an exciting stunt Frank will perform on Friday the 13th of January, 2023! Frank has starred in four movies, and keynoted before audiences of ten to ten thousand around the world.Physically, Frank has pushed the limit of his body by racing in the Badwater 135-mile Ultramarathon 12x in the scorching summer in Death Valley, California, a race referred to by National Geographic as “the world's toughest footrace.”As with all of his books, Frank wrote his latest bestseller Aspire! in his Delray Beach, Florida, oceanfront treehouse office that has spectacular views and includes a bamboo desk, shower, bathroom, sink, air-conditioning, hardwood floors, cedar walls, a loft with a king size bed, and a suspension bridge to the master bedroom in the main house—that's Frank's commute to and from work!Today Frank and Nilsa, his wife of 34 years, split their time between Delray Beach and their “glass cottage” in the mountains of Canton, North Carolina. They enjoy visiting their 24 year-old daughter, Laura, in New York City, where she started and runs StrataBrand, a brand strategy firm.© 2026 All Rights Reserved© 2026 Building Abundant Success!!Join Me on ~ iHeart Media @ https://tinyurl.com/iHeartBASSpot Me on Spotify: https://tinyurl.com/yxuy23ba

Ever feel like you are working harder than ever but still falling behind because technology keeps moving faster than you can keep up? A lot of entrepreneurs feel that way right now. Artificial intelligence is everywhere, automation is changing how businesses run, and it can either feel overwhelming or become the greatest advantage you ever leverage. In this episode we explore how to make it your advantage. This conversation on The Happy Hustle Podcast features internet marketing pioneer Tom Antion. Tom is an internet multimillionaire, entrepreneur, speaker, and the host of the long running podcast Screw the Commute. He has spent decades helping entrepreneurs build profitable businesses online while designing a lifestyle that gives them freedom and flexibility. Tom is also the subject of an upcoming documentary called American Entrepreneur, which highlights his journey from humble beginnings to becoming a mentor to thousands of business owners. In this episode, we dive into practical AI hacks, productivity shortcuts, and mindset lessons that can help entrepreneurs save time, increase output, and stay ahead of the curve. Tom brings a unique perspective because he has been building businesses long before AI existed. He has seen multiple waves of technology come and go. What makes this conversation powerful is how simple his approach is. These are not complicated tech tricks. They are practical strategies that anyone can start using today to work smarter and build momentum. One big lesson from this episode is that AI works best when you guide it clearly. Tom shares a powerful writing prompt that helps AI sound more human and less robotic. By instructing the system to vary sentence length, use natural language, and avoid common AI phrases, you can create content that feels authentic. This small adjustment can dramatically improve the quality of blog posts, emails, and marketing copy. Another takeaway is the power of automation. Tom explains how simple macro tools can save enormous amounts of time. If you answer the same questions repeatedly in your business, there is no reason to type those answers again and again. With the right shortcuts you can insert full responses with just a couple of keystrokes. Tom estimates this simple habit has saved him millions of keystrokes over the years and allowed him to run large operations with a small team. We also talk about the importance of verifying information when using AI. Tom explains how AI can sometimes produce something called hallucinations, which means it creates information that sounds correct but is not actually verified. A simple fix is asking the system to verify and cite its sources. This keeps your research accurate and protects your credibility when you share information with your audience. Another powerful insight is using AI to sharpen your thinking. Instead of simply asking for praise or confirmation, Tom suggests prompting AI to critique your work harshly. When you ask for brutally honest feedback, you get insights that can improve your writing, marketing, and messaging. It becomes like having a tough but helpful coach sitting beside you. Finally we talk about mindset and resilience. Tom shares a story about how his father taught him to overcome obstacles from a young age. The lesson was simple. Hard work and persistence can overcome almost anything. When someone tells you that you cannot do something, it usually reflects their own limitations rather than yours. That mindset has helped Tom build multiple businesses and mentor entrepreneurs for decades. For those who want to learn more from Tom, you can explore his podcast and resources at screwthecommute.com. It is packed with hundreds of training episodes designed to help entrepreneurs grow their businesses and create more freedom in their lives. Tom is also featured in the upcoming documentary American Entrepreneur. The film shares his story, his philosophy on business, and the impact he has had on entrepreneurs around the world. It is a powerful reminder that success is not about shortcuts. It is about consistency, creativity, and helping others along the way. If you are looking for ways to work smarter, embrace technology, and build a business that supports the life you want, this conversation is packed with practical wisdom you can apply immediately. Now it is your turn. Tune in and listen to the full episode at caryjack.com/podcastin. What does Happy Hustlin mean to you? Tom says living your life on your terms, because one of the people asked me, what's the best thing about, you know, you never had a job. I don't have to deal with anybody. I don't like, you know, to me, that's happy hustlin'. I could talk to you for hours and hours because I like you and you're good, but if you aren't. Goodbye. That's the beauty of so happy hustlin' to me is living on your terms, being good to people. High integrity, you don't step on anybody to get where you're going and great things can come to you. Connect with Tomhttps://www.instagram.com/screwthecommute/?kuid=98f1db92-4a7e-443a-b0da-6f1009cd8f84-1772885990&kref=https%3A%2F%2Fscrewthecommute.com%2Flaunchteam%2Fhttps://www.Facebook.com/AmericanEntrepreneurFilmhttps://www.linkedin.com/in/tomantion/https://x.com/screwthecommutehttps://www.youtube.com/channel/UCA1DihUs5Ry2THZ5vaYMrGg?view_as=subscriber Find Tom on his website: https://screwthecommute.com/?kuid=5d7c0b8e-8085-4055-881f-31ebcd8c5e58-1773296629&kref=https%3A%2F%2Fscrewthecommute.com%2Flaunchteam%2F Connect with Cary!https://www.instagram.com/caryjack/https://www.facebook.com/SirCaryJackhttps://www.linkedin.com/in/cary-jack-kendzior/https://twitter.com/thehappyhustlehttps://www.youtube.com/channel/UCFDNsD59tLxv2JfEuSsNMOQ/featured Get a copy of his new book, https://www.thehappyhustle.com/book Sign up for The Journey: 10 Days To Become a Happy Hustler Online Course @ https://thehappyhustle.com/thejourney/ Apply to the Montana Mastermind Epic Camping Adventure @ https://thehappyhustle.com/mastermind/ “It's time to Happy Hustle, a blissfully balanced life you love, full of passion, purpose, and positive impact!” Episode Sponsors: If you're feeling stressed, not sleeping great, or your energy's been kinda meh lately—let me put you on to something that's been a total game-changer for me: Magnesium Breakthrough by BiOptimizers. This ain't your average magnesium—it's got all 7 essential forms that your body needs to chill out, sleep deeper, and feel more balanced. I take it every night and legit notice the difference the next day. No more waking up groggy or tossing and turning all night If you're ready to sleep like a baby, calm your nervous system, and optimize your recovery, go grab yours now at bioptimizers.com/happy and use code HAPPY10 for 10% OFF.

In this episode of Zero to CEO, entrepreneur and author Christopher Volk reveals why the key to wealth isn't just a high salary — it's ownership. Learn how becoming business rich by holding equity in the company you build or work for can dramatically increase your chances of becoming a multimillionaire. Christopher breaks down shareholder return hurdles, the five return components of wealth-building businesses, and the financial framework that sets high-growth companies apart. Whether you're a founder or an ambitious team member, this episode delivers a roadmap to financial freedom through ownership.

Comedian and Emmy-winning actor Jay Thomas is best known to audiences as doomed hockey star Eddie LeBec on “Cheers” and tabloid talker Jerry Gold on “Murphy Brown,” but he's also a showbiz renaissance man, having worked as a stand-up comic, disc jockey, sportscaster and reality show host. Jay stopped by Gilbert's apartment on a summer evening to share hilariously candid anecdotes about everything from swiping Bill Cosby's jokes to getting kicked out of an audition for “The West Wing.” Also in this episode: Jay looks back on the infamous “Who Wants to Marry a Multi-Millionaire?," Joe Piscopo runs afoul of the mafia and Jay runs afoul of Rhea Perlman. PLUS: The Lone Ranger “rides” again! Learn more about your ad choices. Visit megaphone.fm/adchoices

Support Dr. Grande on Patreon: ⁠https://www.patreon.com/drgrande⁠⁠⁠⁠⁠⁠⁠⁠ Dr. Grande's book Harm Reduction: ⁠https://www.amazon.com/Harm-Reduction-Todd-Grande-PhD/dp/1950057313⁠⁠⁠⁠⁠⁠⁠⁠ Dr. Grande's book Psychology of Notorious Serial Killers: ⁠https://www.amazon.com/Psychology-Notorious-Serial-Killers-Intersection/dp/1950057259⁠ Check out Dr. Grande's merchandise ⁠⁠⁠⁠⁠⁠⁠⁠https://teespring.com/stores/dr-grandes-store⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Send a text What do you do when you lose everything?In this powerful episode of unLimited, Elisabeth Carson sits down with Dariush Soudi — entrepreneur, investor, and founder of the Gladiator Summit — to unpack a story that sounds almost unreal.From losing his father at a young age…To being bullied and abused…To having armed men break into his home…To suffering two heart attacks…To moving to Dubai with just $700 in his pocket at 44 years old…And rebuilding it all.Today, he advises over $300M in investments — but this conversation isn't just about money. It's about scarcity vs abundance, trust, resilience, open-hearted leadership, and why most people stay stuck in fear.They talk about: • Why he refuses to sell from stage (and still sells out events) • How trauma can either close your heart or crack it open • The truth about scarcity mindset • Self-worth struggles at the highest levels of success • Why abundance is a decision — not luckThis episode is raw, honest, and deeply human.If you've ever felt like you're starting over… this one is for you.—

​Watch how top coaches escape the grind and scale to £100K/month using systems that run without them: https://www.7fss.com/7fss-vsl-a?el=youtube2025&htrafficsource=ANTOINEPODWant a FREE copy of our 5C Million Dollar Content & Ads Course - Click here : https://www.charlieslivetraining.com/7fss-4c?el=youtube2025&htrafficsource=ANTOINEPODConnect With Me On Other Platforms:Instagram: @charliejohnsonfitnesshttps://www.instagram.com/charliejohnsonfitness/Instagram: @sevenfigurescalingsystemshttps://www.instagram.com/sevenfigurescalingsystems/Podcast: The Charlie Johnson Showhttps://podcasts.apple.com/ae/podcast/physically-jacked-financially-stacked/id1671480628LinkedIn : Charlie Johnsonhttps://www.linkedin.com/in/charlie-johnson-fitness/Book your FREE Business Audit Call Now: https://www.7fss.com/7fss-vsl-yt?htrafficsource=youtube&el=Want a FREE copy of our 4C Million Dollar Content & Ads Course - Click here : https://charlieslivetraining.com/4cmain?htrafficsource=youtube&el=Connect With Me On Other Platforms:Instagram: @charliejohnsonfitnesshttps://www.instagram.com/charliejohnsonfitness/Instagram: @sevenfigurescalingsystemshttps://www.instagram.com/sevenfigurescalingsystems/Podcast: The Charlie Johnson Showhttps://podcasts.apple.com/ae/podcast/physically-jacked-financially-stacked/id1671480628LinkedIn : Charlie Johnsonhttps://www.linkedin.com/in/charlie-johnson-fitness Hosted on Acast. See acast.com/privacy for more information.

Leila Philip explains how John Jacob Astor founded America's first multi-millionaire fortune by overhearing traders discuss the massive profit margins on beaver fur. Astor leveraged the Lewis and Clark expedition to establish global trade routes, utilizing beaver pelts—which functioned as a literal currency—to jumpstart American capitalism before the species was nearly wiped out.

What would you do if you had all the money you needed to create your own vision of the world you want to live in? For multimillionaire Fergie Chambers, it meant building a self-described communist revolutionary base in Alford, Massachusetts. Fergie and his mission are the story in a new documentary, “All About the Money,” premiering at this year's Sundance Film Festival. We speak with the film's director, Sinead O'Shea.

The real difference between those who build massive wealth and those who stay stuck isn't just about income—it's about information, mindset, and daily habits. In today's episode, I'm breaking down the 5 books that changed my life, shifted my money mindset, and helped me go from broke to multi-millionaire CEO. If you're tired of living paycheck to paycheck, feeling stuck at your financial ceiling, or just want to build a legacy for your children's children, this is for you.What You'll Learn:The 5 books that transformed my thinking and my bank accountHow to break out of the paycheck-to-paycheck cycleWhy your beliefs about money are either building wealth or keeping you stuckThe daily habits and frameworks wealthy people use (and you can too)How to protect your family's future with life insurance and smart credit buildingTake Action:Don't just watch—pick one book, take one action, and let me know in the comments which book you're starting with. If you're ready to join a book club, drop “book club” in the comments!RESOURCES & LINKS MENTIONED:Life Insurance (Ethos):https://anthonyoneal.com/ethosBuild Credit the Debt-Free Way (Kikoff):https://anthonyoneal.com/kickoffABOUT ANTHONY ONEAL:Anthony O'Neal is a nationally bestselling author, speaker, and host of The Table with Anthony O'Neal. He holds a Bachelor of Science in Finance & Banking and is a professor of Consumer Economics at Virginia Union University. Since 2014, he's helped millions of people get out of debt, build wealth, and break generational poverty. His mission is to help you maximize your income, eliminate debt, and create a life of freedom and legacy.

Colin Yurcisin is founder and CEO of Leveraged Lifestyle (formerly Credit Class), Leveraged Investments, and Leveraged Mining.Colin discusses how faith-based decision making played a foundational role in building his businesses, creating wealth, and developing an entrepreneur mindset - not as motivation, but as a framework for execution.From being $50,000 in debt to becoming a multi-millionaire, Colin shares the faith-driven principles, business lessons, and disciplined habits that reshaped his financial future and approach to success.We get into the real work behind building wealth and financial freedom, including:- The mental shift required to escape financial rock bottom- How faith guided decision-making in business and risk- What Bitcoin mining is, who it's for, and common misconceptions- Round-tripping net worth and the lessons it teaches entrepreneurs- Building long-term, sustainable businesses instead of chasing quick wins- The habits, beliefs, and discipline that compound into massive successMental Training for Men who want discipline, clarity and consistent execution. Subscribe to the newsletter for free. Join the BA Family & follow us on Instagram.Watch and subscribe to our Youtube. The #1 Non-Synthetic Supplement for recovery, anti-aging, skin, sleep, sexual health. Use code "breathinair"

Apply for Outliers, my private group for 7-9 figure entrepreneurs including Josh and many more of my podcast guests: https://www.joinoutliers.comFree networking discord: https://discord.gg/SP78qG4yfz⚫ Follow me on:➤ Instagram: https://www.instagram.com/lukaspakter/?hl=en➤ TikTok: https://www.tiktok.com/@squidpakter?lang=enFollow Josh Suggs - https://www.instagram.com/joshsuggss/?hl=enMy brand - ➤ Website: https://gohaus.com/

In this reflective year-end episode, host Paul Jamison looks back on the biggest wins and lessons from the year, while sharing an inspiring guest segment from Andy Mulder on how he eliminated debt and built multi-millionaire wealth in the green industry.

Ever wish you could have that special edge that all high-performing salespeople seem to have? What if the thing that makes a salesperson so successful ISN'T necessarily natural talent, but a specific step-by-step PROCESS that, when learned and implemented, turns any mediocre entrepreneur into a profit-making machine? According to sales master Brian Tracy, this seemingly fictional sales process DOES, in fact, exist, and in this episode, he's teaming up with marketing expert Dave Dee to teach every single step. If you're new to sales, frustrated with failing to hit your sales goals or you're just looking to massively up your sales game, THIS sales process is the game-changer you need! MagneticMarketing.com NoBSLetter.com

Links & ResourcesFollow us on social media for updates: ⁠⁠Instagram⁠⁠ | ⁠⁠YouTube⁠⁠Check out our recommended tool: ⁠⁠Prop Stream⁠⁠Thank you for listening!

From battling addiction… to facing jail time… to becoming a multi-millionaire in high-ticket sales — Jon Briseno has lived a transformation most people wouldn't believe. In this episode, Jon opens up about the darkest chapters of his life, the moment everything collapsed, and how hitting rock bottom forced him to rebuild with discipline, sales skills, and relentless self-belief. He went from having nothing — no money, no opportunities, no direction — to leading sales teams, closing massive deals, and changing his family's future forever. You'll hear: How addiction and jail shaped his mindset The turning point that pushed him into entrepreneurship How he developed elite sales skills with zero experience The strategy that led him to multi-million-dollar success Why discipline mattered more than motivation How he now helps others earn life-changing income This isn't a highlight reel — it's a raw, real blueprint for anyone who feels stuck, broken, or overlooked. If you've ever doubted yourself or your path, John's story will prove that your past doesn't define your future. Guest: Jon BrisenoInstagram: @realjonbriseno

This week's Wealth Formula Podcast is about the economics of sports—if you are a sports fan like me, you will love it. But before we get to that, I want to give you my two cents on one of the most important elements to financial success in anything: conviction. As I write this, Bitcoin sold off from a high of $126K to under $90K. Other cryptos have lost 50-90 percent of their value in the same time. It's been called a blood bath. Some are even saying it’s over for Bitcoin. I might even believe them if I hadn't seen the same story at least 5 times before over the past decade. True bitcoiners have tremendous belief in what bitcoin means to the world. Someone who bought $1,000 of Bitcoin in 2010 and simply refused to sell would now be sitting on hundreds of millions of dollars. That is the reward for true conviction. The irony of this bitcoin cycle is that many of those individuals with high conviction are finally cashing in on the fruit of their patience. Almost every day, another wallet that hasn't been active since 2011 is selling off a billion dollars into the market into the hands of Wall Street and governments. That's why prices are tumbling. But don't be fooled into thinking that these buyers are the dumb money holding the bag. The story does not end here. Nor is the Bitcoin story a one-off either. History repeats itself as the story of investments unfolds over time. In December 1999, Amazon stock traded at $106. After the dot-com crash, it fell to $5.97. Every talking head had a eulogy written for the company. But if you were crazy enough to hold through the storm, your conviction paid off spectacularly: $10,000 invested in Amazon in 2001 is worth over $20 million today. Now, moving on to the topics of sports. One of my favorite examples of conviction is from 1920, when George Halas bought the Chicago Bears franchise for $100. The Halas family could've “taken profits” countless times. They lived through multiple depressions, a world war, a dozen recessions, five or six league restructurings, labor disputes, player strikes, and decades of bad seasons. Anybody else would've bailed. But they didn't, and today, the Chicago Bears are valued at over $6.3 billion. These stories have different time periods and different industries, but they all teach the same lesson: Conviction is one of the most profitable assets you can own. That's the message I want to leave you before we move into a perhaps more entertaining topic: the economics of professional sports. Most people think of sports in terms of touchdowns, rivalries, and Super Bowl rings. But the truth is… professional sports is one of the greatest wealth-creation machines in American history. Few people understand those engines better than our guest this week. He's one of the clearest, most respected voices in sports economics today, and he's going to break it all down for us: salary caps, streaming deals, and team valuations. If you are a sports fan, you are going to love this week's episode of Wealth Formula Podcast! Transcript Disclaimer: This transcript was generated by AI and may not be 100% accurate. If you notice any errors or corrections, please email us at phil@wealthformula.com.  Donald Trump pretty much bankrupted the USFL by saying we’re gonna go head to head, uh, with the NFL instead of trying to build a a Spring Sports League. Welcome everybody. This is Buck Joffrey with the Wealth Formula podcast. Happy, uh, Thanksgiving week, uh, and uh, this week because it is a holiday week in, you know, football and all that kind of stuff that goes along with it. We’re gonna talk. About the economics of sports. And if you’re a sports fan like me, you’re gonna really like this. I really had fun with this interview actually. It was just like me asking a bunch of questions I always had. But anyway, before we get to that, I want to give you my 2 cents. One of the most important elements that I think there is give financial success in anything, and that is conviction. And I bring this up to you in part because Bitcoin sold off. Um, and well at least all the time, I’m recording this from a high of 126,000 and then it, it plunged actually below 90,000. And then of course, there were other cryptos that lost 50 to 90% of their value in the same time. Uh, yeah, it was a bit of a bloodbath. It’s been called a bloodbath and it is a blood bath. And of course, there are some who are declaring Bitcoin dead Again. Um, and you know what? I might even believe them if I hadn’t seen, uh, the same story, at least I’d say, I don’t know, maybe four or five times over the past I, eight years, nine years, whatever. True Bitcoiners though, have a tremendous belief in what Bitcoin means to the world and where this is headed. And some of them, well before I ever got in, right? I mean. That serious conviction because, you know, the people who were buying, you know, back in 2012, 13, I mean, this was completely outta nowhere, had no one’s, uh, no one’s support, nothing. In fact, in 2010, uh, you know, if, if you bought Bitcoin back then simply refuse to sell up until now, um, say you bought a thousand dollars of Bitcoin. You’d be sitting on hundreds of millions of dollars of Bitcoin, right? That’s the reward for true conviction. And those people, frankly deserve it. Because can you imagine if you just bought a thousand bucks or something and it was already up to a million, it was already up to 10 million and all the way up to 20 million, you still didn’t sell. I mean, I don’t even know if I could, I don’t know if I could do that. I don’t think I could. I mean, at some point I would be like, take the money and run. Right. Um. You know, it’s a funny thing though. The irony of this Bitcoin cycle that we have right now is that many of those individuals with, you know, super high conviction, um, the ones that were in way before any of us and before me, well, they’re actually, a lot of them are actually cashing out sort of the fruit of their patients. Right. Almost every day right now, you’re seeing a another wallet that’s been dormant since like 2011. And all of a sudden it sells. It’s something that has done nothing, but just sit there in storage, selling off a billion dollars into the market, probably, you know, started out as like 10 grand. Right? And where’s that money going? It’s going to the hands of Wall Street’s, going in the hands of, uh, governments. That’s actually the ironic part here. That’s why prices are tumbling. Because I think people are saying, well, gosh, we’re at a hundred grand. I’m sitting on hundreds of millions of dollars. I’m sitting on a billion dollars. Uh, I think it’s time to get out, right? But don’t be fooled, in my opinion, to think that these buyers are, uh, you know, they’re the dumb people holding the bag. I mean the, the people holding the bag, it’s Wall Street, right? They’re governments and reserves. And, uh, you know, big treasury companies, the story doesn’t end here. And the other thing is that Bitcoin story is not a one-off in history at all, right? In fact, you know, it, Bitcoin gets a lot of attention. But you even look at something like Amazon, right? December, 1999, Amazon stock trading at $106. Then the.com crash comes, and guess what? It fell down to $5 and 97 cents. That’s a Bitcoin like crash, right? And every talking had a eulogy written for the company. And if you were crazy enough to hold through that storm, your conviction paid off spectacularly. If you had $10,000 invested in Amazon in 2001, it’s worth over $20 million today. So anyway, that’s the point I have though. You know, it’s, the point is about conviction. Uh, and, and I’m not saying that you should just be dumb, buy something and be dumb about it, but especially on these asymmetric things where you think something could be really big, give yourself a time, a period, right? I mean. The only thing other than Bitcoin that I think I, I’m really interested in, in the crypto space is something called Solana. Solana is down like 50% from its ties, and I still think that, you know, when the dust settles, I think this is going to be something that’s gonna pay, pay off. Now if I were to watch it day by day, uh. It’s demoralizing, right? But, but I think the point is, if you have some conviction in something, give it some time. You know, say, I’m gonna watch this for at least five years if I can, if I don’t absolutely get into a situation where I need that money, which hopefully you don’t, because this is not where that kind of money belongs. Right? But give it some time and don’t look, there’s lots of noise, and, and, and then just give it some time and see what happens. Right? Now speaking of giving it some time, you know, a similar story in the sports arena in 1920, George Halas, I think it was Papa Bear, right? George Papa Bear. Halas bought the Chicago Bears franchise for a hundred bucks. Yep, a hundred bucks. Now the Halas family could have taken profits countless times, and they lived through lots of, uh, bad times. Depressions, uh, you know, world War, uh, a dozen recessions, five or six, uh, league restructurings, labor disputes, player strikes, decades of bad seasons. And maybe anybody else would’ve billed at some point if they’d made, you know, millions of dollars from the a hundred bucks. But they didn’t. And the Chicago Bears, as much as I don’t like the Chicago Bears, are valued over $6.3 billion. Now these stories, ultimately, they’re, you know, different time periods, different industries, but same lesson conviction, it’s one of the most profitable assets you can own or attributes at least. Maybe it’s not an asset, I don’t know. That’s a message I wanna leave you before we get into the topic of today, which is the economics of professional sports. Now, most people think of sports in terms of touchdowns, rivalries, super Bowl rings, all that kind of thing. But the truth is professional sports is one of the greatest wealth creation machines in American history, and few people understand those engines better than our guest this week. He’s one of the clearest, most respected voices of sports economics today. And he is gonna break it all down for us. We talk salary caps, streaming deals, team valuations. We talk about the Green Bay Packers and why they’re owned by the city of Green Bay instead of owners. All that kind of stuff that you might have wondered about but you never really knew. So if you’re a sports fan, enjoy it and happy Thanksgiving. We’ll have that interview for you right after these messages. Wealth formula banking is an ingenious concept powered by whole life insurance, but instead of acting just as a safety net, the strategy supercharges your investments. First, you create a personal financial reservoir that grows at a compounding interest rate much higher than any bank savings account. As your money accumulates, you borrow from your own. Bank to invest in other cash flowing investments. Here’s the key. Even though you’ve borrowed money at a simple interest rate, your insurance company keeps paying you compound interest on that money even though you’ve borrowed it. At result, you make money in two places at the same time. That’s why your investments get supercharged. This isn’t a new technique. It’s a refined strategy used by some of the wealthiest families in history, and it uses century old rock solid insurance companies as its backbone. Turbocharge your investments. Visit Wealth formula banking.com. Again, that’s wealth formula banking.com. Welcome back to the show everyone. Today. My guest on Wealth Formula podcast is, uh, Dr. Victor Matheson, professor of Economics and Accounting at College of Holy Cross. He’s a leading authority on sports economics, studying everything from the financial impact of mega events like the Olympics and World Cup, to the inner workings of professional sports leagues, lotteries, and public finance. Uh, welcome to the show. How are you? Well, thanks for having me. Great. Always happy to talk some sports economics. Oh gosh, this is interesting. I’m a huge, uh, I’m a huge sports fan, especially NFL and, uh, so, you know, instead of talking personal finance, you know, without, uh, without any, uh, uh, sports in it, this is definitely a, uh, welcome for me. So, um, well, vigor, let’s start, start with this, you know, um. Most of us who are big sports fans, you know, we’re really driven by the idea of the, the, you know, the, the emotion, the entertainment. Taking a step back from your perspective, how should we look at this whole ecosystem of sports as an economic system? Well, uh, first of all, it’s. It’s both bigger and smaller than, uh, than you would imagine. So if we think of the NFL, the NFL ha generat more revenue than any, uh, sports league in the world. Uh, this year it’ll come in somewhere around 22 ish billion dollars. Uh, that certainly seems like a lot of money. On the other hand, a Sherwin Williams paint store comes in at about that same sort of, uh, revenue, you know. On many podcasts talking about talking about paint, right? Um, if we talk worldwide, all the sports leagues all put together, uh, we’re talking about maybe a hundred billion or so, maybe 120 billion, roughly the same size as Johnson and Johnson. So, uh, you know, it’s a big industry. It’s a, you know, billions in with a B, but it’s also a tiny percentage of, of the total amount of economic. Being generated every year, and, and so we can easily get, uh, um, we can easily get ahead of ourselves and say, well, you know, uh, it’s the biggest company in the world, the NFL, it’s, it’s not even 500. Interesting. Um, so let’s talk a little bit about this, um, uh, how value is created in these leagues. So, so, you know, you said professional leagues are built on the economics of controlled scarcity. So talk a little bit about that, if you would, how this scarcity model drives value and, and, and protects, uh, uh, profitability. Right. So let’s compare, you know, let’s compare a Walmart. To the NFL, right? Uh, so Walmart takes a look at all these potential places that you could put a Walmart and they say, oh, this would be a good one. And a Walmart goes in. And now that Walmart’s generating economic impact and generating revenues for the, for the. For the company and all these sort of things. Now let’s look at the NFL, right? Uh, the NFL does the same thing. They said, Hey, uh, let’s look at Las Vegas. Would that be a good place for a, for a team? Uh, is is London gonna be a good place for a team? Uh, and they look at those. Uh, but here’s the deal. If Walmart looks at 50 places and says, Hey, these 35 would be good places. They’re not gonna just pick the best one for a franchise. They’re gonna put. Walmart’s in all of those, right? Uh, the NFL on the other hand, very specifically saying, you know, we actually don’t wanna put an NFL franchise in every place that we could, uh, make a profit in because we want to be in the, in a world where there are fewer NFL franchises than there are cities that want them, and that generates demand for this. Um, Walmart can’t do that because if Walmart doesn’t put in a franchise somewhere, uh, you know, Target’s gonna come in instead. Uh, that’s not gonna happen in the NFL, uh, because there’s no other competitor to that. So they can actually restrict the number of franchises they have, which means that every franchise is selling at a, a super premium price. These are, you know, at the lowest end, we’re talking five, six, $7 billion franchises. Now, uh, they could sell multiple new expansion franchises, but they choose not to. To maximize the value of those existing franchises. It’s been a while actually since the NFL expanded, um, the league. And I’m curious, what are, you know, what is it that drives them ultimately to do that? I mean, again, you just mentioned there’s this whole scarcity issue. I mean, what do you think are sort of the limitations or sort of the. You know, the, the, the points at which they say, well, gosh, maybe we do move to London, or maybe we do that. Like, do you have a sense of that? Yeah. So a couple things they wanna do. So first of all, one of the big things that all of the leagues in the United States have done is they want to be a big enough league to make sure that they cover all of the good spots or most of the good spots for a team. You don’t wanna leave enough good team locations that a rival league could come and start to challenge you. Right? So thinking back to the 1950s, uh, one of the most important sports leagues ever to come about in the United States. Actually never even existed. And this league is what was called the Continental League. And the Continental League in the 1950s arose as a challenger to major league baseball. Major League baseball in the 1950s was exactly the same size as it was in 1901. It was 16 teams. But the United States had grown immensely and the league had started to move, you know, the Dodgers to LA and the Giants to San Francisco, but you still had huge amounts of the country uncovered by baseball. And so this Continental League came about as an idea saying, you know what? We can take on Major League Baseball by putting franchises in places that it doesn’t exist. They said, oh, here’s our new eight league team. And the way Major League Baseball responded to that is before continental baseball could even start, uh, start existing, it said, oh yeah, well we’re gonna put a team in Minneapolis. We’re gonna put a team in Houston. We’re gonna put teams in these Lee in these cities that the Continental Baseball Association was gonna go into. And therefore, uh, continental baseball never got into existence because Major League Baseball expanded into those locations and everyone has taken that, that hit. You need to be big enough to make sure that every place with a, a good chance at having a team, or at least most of them, uh, are covered so that there’s 8, 10, 12 cities out there, uh, a big enough footprint that you could have your own new league. Uh, do that. So, I mean, if you look at the NHL, if you look at NBA major league baseball, NFL, all about 30 teams. There’s about 30 or a few more big cities. But what’s very important is there’s not 10 or 12 big cities out there, uh, without NFL teams, without football teams that. A rival league could move into that space. You know, I’m curious when you, you brought up that Continental league in baseball. It reminds me when I was a kid of, uh, the United States football, like the USFL and all, they got all these, uh, players, like I remember Herschel Walker started there and, and there was a number of actually guys who ended up in the NFL and being big stars there. So they, they definitely, uh, started out pretty strong. What went wrong for the USFL? It’s so funny you say that. Uh, the answer is actually one big, uh, name. It’s actually Donald Trump. Yeah. So, so what USFL did is, is they noticed that their niche was, um, was the spring, right? We play college football, we pay play high school football, and we play the NFL in the fall, which means that, uh, people out there in the spring, there’s no football out there to be had. The USFL said, you know, we could move into this market. So first of all, we’re gonna move into the spring where there’s not a rival. Second of all, we’re gonna take at least some cities where there’s not active, um, football teams either places like Birmingham, right? Uh, so any case, uh, what happened there is the USFL. Kind of got a little, its ego kind of got ahead of itself and it said, Hey, now that we’ve established ourselves in the spring, we do have some big stars like, uh, uh, Herschel Walker, like Doug Flutie, uh, some of these others. We’re gonna try to take the, uh, take the NFL on, uh, head to head and we’re gonna move from the spring to the fall. And the other thing they did that was very important is they filed a lawsuit against, uh, the NFL, saying that the NFL was engaging in antitrust activity that was keeping this rival league down. It was, uh, keeping them off TV by using their market power with some of the broadcasters. It was using its market power with stadiums to keep these teams out. And so they took him to court, and I think the, the hope was that there would have to be a settlement and that settlement would result in the USFL merging with the NFL. And the owners of the big teams in the USFL would kind of get a backdoor into the NFL this way. As it turns out, the court, in fact did find in favor of the USFL. Uh, they said yes, the NFL is engaging in illegal antitrust activity, but they also said. You guys are insane. Uh, going against the NFL in the fall, there was no way you’re gonna make it. So even though the NFL was found guilty, the jury only awarded $1 of damages. Uh, technically in antitrust cases, that’s tripled. So they actually were awarded $3 in damages and the league basically folded the next day. They won their lawsuit, but they folded the next day. But of course, the owner that had most. Most importantly pushed the league to go head to head against the NFL was the owner of the new, uh, New Jersey team, the Generals New Jersey Generals. Right? And it was Donald J. Trump. Donald Trump. Uh, so Donald Trump pretty much bankrupted the USFL. By, uh, by saying we’re gonna go head to head, uh, with the NFL instead of trying to build a, a Spring Sports League. Now, to be fair to Donald Trump, which I don’t necessarily want to be, but to be fair to him, um, there’s no guarantee that the USFL would’ve made it as a spring league either, but I think anyone, again, a jury looking at this said there was just no chance of that league, uh, surviving against, uh, the NFL. If you try to go head to head in the poll. Just, just outta curiosity, uh, you know, there, when you talk about Trump, I know like he’s had an interest in, you know, professional football teams for a long time where he did, at least, there’s a certain politics that goes into buying an NFL team as well, right? Right. So the NFL is a partnership. Yeah. Which means that they can choose who they decide to partner with. And, uh, the presumption was, uh, in the 1980s when Donald Trump was trying to become an NFL owner that Donald Trump, uh, neither had the money, nor had the friendships among other NFL player, uh, NFL owners, uh, to get into that very exclusive club. And so again, he was able to get into the USFL because it was a much lower buy-in, in terms of, of cost. The USFL owners couldn’t be as picky about who they wanted as fellow partners, and again, I think Donald Trump saw the USFL as a way to potentially get into the NFL through the back door through this lawsuit, and, and by moving directly in the, in the fall because the jury just didn’t find that, that there was any plan. By which the USFL teams could have ever become profitable, uh, going head to head in the fall against the NFL. Let’s talk a little bit about sort of valuations, because what’s interesting is, you know, you’ve talked about scarcity and, you know, the way that the leagues have manipulated, uh, that to make sure that there, you know, the values continue to grow, but at some point in the last 30, 40 years, the numbers just really skyrocketed, right? Where these football teams, you know. It wasn’t a straight line in terms of how much they were worth. What, what went into that massive inflection of, uh, of, of valuation? So, first of all, I think you’re exactly right. There has been this massive inflection. Uh, so I’ve been teaching sports economics since the 1990s and, and the 1990s were kind of at the end of an era where this was really one of the sames back in the seventies, eighties, and even as late as the early nineties, that if you wanna become a millionaire. Start out a multimillionaire and then buy a sports team because it was a, it was just a, uh, a dumpster fire that you could just burn up cash without any hope of any sort of real return. And that changed in probably the late eighties, early nineties. That really changed, uh, a couple things. Change that, uh, first of all. By the nineties and certainly by the two thousands, um, most of the big professional sports in the United States had solved lots of their labor relation problems with the, with the athletes. So there was always this question about, uh, you know, do athletes have the ability to bargain with other teams? Are they able to get free agent, uh, agency, are teams going to be constantly fighting and, and spending every dollar that they can down to the point of bankruptcy to buy that superstar team? And what happened again in the nineties, starting in the eighties through the nineties and the two thousands is pretty much leagues have, uh, agreed to a world where. We’re gonna limit the amount of spending, uh, that we’re gonna do on players so that we’re not all bankrupting each other, bidding for players. In order to get the players to go along with that, we come to an agreement that we’re gonna share basically half the money with the players. And that’s exactly how the NHL works, the NBA works and the NFL works. Major League Baseball is not like that yet. And we may see not this season, but the next one, um, them trying to finally join ranks with the other, uh, with the other leagues. Uh, the question is whether we’re gonna see that happen without a gigantic, uh, work stoppage that. You know, some people who are pessimistic think we’re, we may not have baseball at all in 2027. 2026 is fine, but 20, 27 may, may fall. So as soon as like your costs are all covered up, that you know that everyone is kind of playing on a level playing field. Once we know that we don’t have to worry about bankrupting ourselves. We are only paying players, what we’re bringing in as revenue. All of a sudden, this is a fairly safe investment in a way that it never was prior to, you know, this all dying down. Couple other things going on here as well is, of course, the country’s gotten bigger. We have gotten bigger, but without adding additional, many additional franchises, which means, uh, those, those tickets are becoming increasingly expensive. We’ve gotten richer in a, in a skewed fashion, so that, uh, that of course the rich have gotten richer, a lot faster than the poor have. But of course, going to a baseball game, especially with those luxury boxes and things like this, is, uh, an activity that is reserved for the wealthy. And as the wealthy have gotten more, uh, uh, have gotten, you know, increasingly rich, uh, that means that. You know, businesses like Major League Baseball in the NFL that cater to the upper class, uh, do disproportionately well. And the last thing, and I’m sure you’ve talked about, uh, this before, is on your show, obviously you can have, um, you can have investments that are irrational as long as you think there’s someone later that’s irrational, that you can, you can hand it off to, right? This is, this is all the Greater fool theory. Uh, although I don’t think necessarily in this case, the, the owners are fools, but. Sports teams are a toy of billionaires that you say, well, look, I, I am, I’m a Mark Cuban. I’ve made billions of dollars. Now I want to spend some of my, my money on a, a fun asset. You know, you and I might collect a baseball cards. Mark Cuban might collect baseball teams, right? Uh, so, uh, in a world you might be willing to overpay because you wanna be a sports soldier and you wanna rub elbows with. You know, KA Leonard, you wanna rub elbows with, uh, with, with Shhe Tani. Um, and you may be willing to overpay for that asset, but guess what? 20 years down the way, there’s still gonna be another billionaire who wants to rub elbows with that next generation of superstars. And so you’re fairly sure that the next time when it comes to sell your franchise, there will be another person who’s willing to pay a premium for that asset as well. So again, as we’ve gotten more billionaires, more billionaire wealth, um, this is something that, uh, you know, has attracted folks like Steve Ballmer to, to part with, with big money. And, uh, again, as billionaire assets have grown, uh, the ability and the desire to buy these teams has grown as well. I would think a major driver of the value. Is also coming from, um, the, the media sources, uh, that are changing, right? Where, I mean, I remember, you know, again, being a kid and there was this, you know, there was Monday night football and it was on NBC and. And that, that’s how it worked. But now there’s like bidding for these things and you’ve got Amazon, uh, doing Thursday night football, which is a little weird. Um, and you know, you sometimes you have, uh, uh, you have games on Peacock. What’s going on with that? How does it affect the economics? Uh, and ultimately, like where is this headed? So, uh, in a, in a league like the NFL, uh, over 60% of all revenues that they generate is media revenue, right? Because most of us aren’t going to games every day, uh, too expensive for us, or too time consuming or all sorts of other things. But, uh, lots of us tune in on tv. So we’re talking about, uh, well over $10 billion of annual media contracts with the NFL. Um, and those numbers have been going up, uh, at least in part because you have media companies, uh, in a pretty competitive environment bidding against one another for these things. Now, one of the things about, again, things like the NFL or the NBA is it allows broadcasters or other types of TV networks to bring in customers in a way that their regular programming doesn’t. So a, a company may actually be willing to overpay for the NFL, kind of as a way to get people to buy all of your other products. A famous example from early days, uh, is, is Fox, right? So in the old days there were three big networks. So old days, I’m talking, you know, 1970s, there were the three big networks, right? There was A, B, CNB, C, and CBS, and they all competed against one another. And then in the 1980s, this rival network came up and this is Fox. And they wanted to get into all these markets nationwide. Well, how do you make sure that a. A local station decides to pick up the Fox programming. So for example, I grew up in Denver and Denver had a, had a, an independent channel that, you know, played reruns and all sorts of other things, and, and so they have a broadcast license already. Fox goes up to them and says, Hey, would you like to carry our regular programming? And, and that, that channel said, well, I don’t really think so. We’re doing fine showing Gilligan’s Island and Love Boat and things like this, and we don’t need, uh, an entire set of your programming. We’re doing just fine, as as it is. Uh, so Fox couldn’t get a foothold in that Denver market. So what Fox does is they buy rights to the NFL. All of a sudden now they go back and say, Hey, we’ve got all this Fox programming, we’ve got the Simpsons, and we’ve got, I don’t know, uh, you know, uh, you know, these early, these early Fox programming. But, um, they say, but we also have the NFL. You can’t, you can’t turn down the NFL. And then all of a sudden that existing affiliate says, okay, all right, we’ll add the whole line of Fox programming because you’re right, we can’t turn down having the NFL. So what, what basically happens here is the NFL serves as this kind of must stock item. And uh, you know, Fox was willing to overpay for the NFL because now they’re gonna get everyone to be able to buy the Simpsons and everything else they were offering at the same time. Uh, and so media rights have gone much, have gone up much faster. And we see this all over the place, right? How do you get people to buy. Amazon Prime. Well, let’s say that’s the only way you get to watch, uh, football on Thursday nights. How do you get people to buy, you know, apple tv? You offer major league soccer games as part of their package, right? Uh, and so this is how you kinda legitimize yourself as an actual, real, uh, you know, quote real media company is by offering some, uh, live. Live sports. And that gets people who would not otherwise buy Netflix or Amazon Prime or Apple, uh, to actually purchase those because again, they’re offering this secondary item. Then presumably that in turn drives up the value of of the NFL and you know, they’re bringing in a lot more money because they’ve got not just the three major networks bidding on them, but they’ve got all sorts of big companies with deep pockets. Willing to, you know, increase their, their, their revenue is and, and that sort of snowballs. Is that, is that fair? No, and that’s exactly right. And, and for as much as I talk about, you know, that billionaire who wants the an NFL team or an NDA team as a. Prestige asset. Uh, they’re also concerned about having it as an actual functioning asset as well. So I’m willing to pay, you know, a lot more, even if I’m willing to pay a premium. That premium is based on a fundamental value in the first place. And how do you drive that fundamental value? You drive that fundamental value by maximizing the revenue you generate through things like media contracts, and by maximizing. And by minimizing your costs, by making sure that your labor costs aren’t gonna run away with you, uh, because again, hopefully you, uh, most of the leagues have solved kind of their long-term labor, uh, their labor strife between them and the players within each league. There is also some different rules, and specifically, again, being a big NFL fan, I love the fact that the NFL has a salary cap and profit sharing for each team. ’cause it makes for a much more competitive league, basically, you know, for people who don’t know what that means, essentially each team can pay, has a salary cap of how much they can pay players for a given year. But not all of the leagues have that. Uh, I don’t really follow the other ones. I, I’m not sure who has it, who doesn’t, but I know that, like in baseball, I don’t think they have that. And it creates a situation where you’ve got the Dodgers or the Yankees in, in, in the World Series. More often than not, and you know, you’re not getting the smaller teams usually. No. So you’re exactly right. So the NFL has what’s called a, uh, a salary cap, and it’s actually got what’s called a hard cap. So they’re actually quite serious about this, and there are very few exceptions that can be made to go over this cap. Uh, this cap is based on the total amount of revenue that’s being generated by the league. Uh, and again, the cap basically is the way that they make sure that they share. A fair proportion of the money with the players. Uh, what’s also important is they also have a floor. So the, the cap this year is about 225 million, if I remember right, but the floor is about 200 million. So every team in the league basically is spending the same amount on labor this season, which makes for a very even playing field. And we know that some teams are gonna lose and some teams are gonna win. And it seems like the Browns and the, and the jets never win. And it seems like other teams always do. But what’s important about that is it’s not just because they’re in a big city, that they have these gigantic revenue advantages and that they can buy a championship. It really is, you know, who is smartest with their money, who’s smartest with your coaching, who’s lucky with the draft and things like this. And, uh, that makes for a very nice thing here. What’s also super important is the NFL has a gigantic amount of revenue sharing, and the reason for this is every single game you watch on TV is part of a contract that’s being sold by the league, not the team. And because of that, the league is generating all these, all this revenue, and then is equally distributing that money to each of the individual teams. So a, a team playing in little tiny Green Bay is generating exactly the same amount of media revenue as the New York Giants. Or the LA Rams. So that’s really nice. Uh, again, gigantic amounts of, uh, again, even revenue sharing to all the participants. As a matter of fact, of all of the businesses in the United States, the NFL is probably the single most socialist company. In the United States. So this Great American pastime is wildly socialist when it comes to how they distribute their, their income. So what incentivizes a team to be better and to win Then from the ownership standpoint, if there’s revenue sharing, is it just at the, the other sources of income that come, like advertising, things like that. I’m, I’m just curious, like if there’s so much revenue sharing, what is it that drives a team to, you know, try to be better from the ownership standpoint? So first of all is that being bad doesn’t help you, right? This isn’t major league baseball, so we’re gonna go the o. The other extreme, at least for a US sport, is major League baseball. No, uh, salary cap there at all. So you can pay, uh, players as much as you want, although there is what’s called a luxury tax. So as you, as your, uh, salary, your total payroll gets too big, you start getting, uh, uh, paying penalties to the league, which is then redistributed to the poor teams in the league. That being said, you can spend as much as you want. So yeah, the Dodgers, they spent somewhere, uh, by some accounts somewhere around $400 million this year on talent, including, you know, gigantic contracts to folks like Shhe, Tani, right? Um, but there’s also no minimum either. So if you’re a team that decides, hey, we’re not even gonna bother to try to compete this year, uh, you are the. I don’t know to, if I should call them the Oakland A or the Las Vegas a a or the Sacramento A or the Traveling through the desert, sort of a for a while. Um, but, you know, this is a team that made a decision not to compete and had a, had a tiny payroll. Uh, other teams have decided to do this, and the, and the NFL you could decide that you didn’t wanna win. But it wouldn’t save you any money because again, not only is there a salary cap, there’s a salary floor. So if I have to pay $225 million each year anyway, I might as well try to win with that 225 million. Uh, ’cause I don’t have a choice to just collect my paycheck and hire, you know, the Minnesota Gophers for $20 million, uh, for my, for my team this year. ’cause that’s not an option. Right. Um, one of the things I wanted to just kind of, uh, drill down a little bit on is the model of the Green Bay Packers. As you um mentioned, it’s a tiny little town, northern Wisconsin. Uh, not much going on there. I’ve, I’ve been there myself for a game. It is unique in that it is owned, not by billionaires, but it’s owned essentially as by the fans. How, how does that work? And, and I guess the question is like, why, why aren’t other teams modeled that way? So other teams are not modeled that way because the NFL does not want other teams to be modeled that way, nor do any of the other, uh, major leagues out there. Uh, it’s not good for the NFL for a couple reasons. Uh, first of all. They have to open their books. If it’s a public company and they don’t like to open their books, um, you also don’t have a face for that, uh, league in a way that, that a person couldn’t, couldn’t be in there, uh, pouring extra money in as a kind of a, an, an angel investor. Uh, on top of that, uh, you can’t threaten to relocate to another city unless you get taxpayer subsidized. Um, you know, uh, stadiums and things because it’s a publicly owned team and we know that, that those public owners will not ever decide to move that team out. How did they get that status in the first place? That’s an interesting story, and it’s a story that’s not unique to. The Packers, but it is fairly unique to the United States. So, uh, in the rest of the world, this type of ownership model actually is fairly common. Um, teams that your, you know, listeners would’ve heard of, like Barcelona, like Al Madrid, these are club owned teams. Um, there is not an owner there. They are owned by the fans themselves, and they’re in the business of. Trying to stay in business every year while winning as many games as possible. Uh, there is, they’re not trying to win trophies for a, a Steinbrenner or a Mark Cuban. They’re trying to win, uh, trophies for that fan base. That literally, again, the, the season ticket holders are those owners. Um, the NFL itself, you know, was, was a very hard Scrabble league for a long time. It started in 1920, uh, and between 1920 and 1935. Roughly 55 teams played at least one season in the NFL. And of those 55 teams, basically all but about six of them, had gone outta business or relocated at some point in here. Uh, this is why actually we got such a socialist, uh, uh, business model here is because the owners of the big teams, the owners of the bears. Uh, the owners of the Giants, uh, they said, look, you know, this league isn’t gonna work if we can’t actually find someone to play. And yeah, we’re making money here, but we’re not gonna continue making money if we can’t find other teams that are gonna work in this league. So they said, Hey, we are gonna be very generous. We’re gonna make sure that, that we share our revenues with the people, uh, the other people in our league. We would rather have a small piece of a big pie, uh, than a big piece of a pie that is tiny or disappears completely. Uh, so that’s why we ended up with this, uh, revenue sharing. And of course they were very open to any sort of model that kept stable teams around, including a model where rather than some rich owner in, in Green Bay owns that team. Instead, it’s a municipally owned team. As long as that team had stability and conform long-term rivalries and can afford to put forward a product that’s gonna, that’s gonna work on a, you know, on an NFL field to make a competitive product, they were happy to kind of do whatever they needed to do because again, this was a, this was a really tough league to be in. For the first roughly 20 years with, you know, a lot more successes. There’s been a lot of talk, uh, I know about private equity entering the, uh, the NFL. Tell us, give us a little bit of an understanding of that. I mean, obviously, I, I kind of think of these owners in these buying groups as private equity already, so what’s the big deal? Is the point. So in most sports leagues have already allow private equity and already allow ownership groups with multiple owners, uh, to, to own teams. So again, uh, you know, the, the Red Sox, they have multiple owners of, of that team. Uh, again, Celtics, same sort of thing. Um, but in the NFL we have required basically one owner, right? So this is a, a person. That owns the team and is the face of the team and is this controlling majority owner, uh, they’re going to explicitly allow external people unrelated to the ownership group, to own pieces of NFL teams here. Uh, and I think the, the real issue here, uh, has to do with, uh, there are some franchises in the NFL where the owners are asset rich, but cash poor. I’m thinking actually, for example, the Bears. So the bears are still owned by the same group. Who bought the Bears back in 1920 ish. Right? So this, you know, the, the same family, the Halas, uh, have owned this team for a hundred years. Uh, by this point, you know, little pieces of the team have been handed down to all the cousins and the grandkids and the great grandkids and this sort of folks. Uh, so, uh, you know, I think in total there’s something like 86 different owners of the, of the Bears now, but they’re all part of that original ownership group that everyone. You know, has inherited a little, a little share here. Now mind you, you know, one 86th of the, uh, of the bears is like a hundred million dollars. You know, the bears are probably an $8 billion franchise. And so that’s a hundred million dollars of assets that each one of these grandkids has just because, you know, their grandfather made a smart, uh, smart investment a hundred years ago. Um, but it doesn’t mean that they can live the lifestyle of a person with a hundred million dollars. Because they’re not allowed to sell their share to anyone because private equity was never allowed. And the amount of money that that team is actually generating in terms of annual operating profits isn’t super high. So you’ve got a world where you’re wildly rich, but you can’t really do a lot with those riches. So you know, this is a team that would be prime for the idea of, well, let’s sell off 20% of this. 20% of the team is gonna be maybe a couple billion dollars. And, and then we will just share that basically it’s a big Christmas present to each one of these, uh, these kids here. And again, the, the thing here is that’s $2 billion in cash that each of these small minority owners gets rather than, you know, an asset that they can’t actually use. To buy a yacht in Monaco. Right? And so that’s giving these kids, or the, you know, these minority owners an option to basically, uh, you know, get liquidity for their ownership. And, and that’s the big difference, right? And of course the other thing is, is there are lots of wildly rich people who would like to be an owner of a team in a way that you could do that 20 or 30 years ago by being just a, you know, just a multimillionaire or a multi, multi multimillionaire. That was enough. Uh. You know, you can be a billionaire nowadays and not have nearly what it needs to become an owner in one of these big groups. So, uh, you know, if we think about, uh, Arod, right? Arod bought, uh, the Timberwolves, uh, in the NDA, um. But he couldn’t do it alone despite the fact that he was, uh, you know, for 10 years the highest paid athlete in the world, you know, signed the single biggest contract, uh, in the history of professional sports, uh, when he did so. Uh, and even a guy with that sort of money doesn’t have enough money to buy a sports franchise. So, uh, I think the NFL is, you know, looking down the, the road to a, a world where. Someone wants to sell, but there’s not that many folks with $10 billion out there. And so the idea that we were gonna keep a, a world where there’s gonna be one single owner forever, uh, you know that that’s a pretty small pool of people in a world where you’re thinking about selling franchises at $10 billion. But if we allow these to be sold private equity wise. Then people can live their dream of being a sports owner, you know, for a mere couple billion dollars. And of course, that increases the pool of, of potential people by a lot. You know, you, you mentioned, um, during, just a minute ago in, in passing that these teams don’t actually necessarily throw off a lot of cash. They’re not, you know, they’re not super profitable. It’s not like a bunch of money’s being distributed to owners. Uh, can you talk a little bit about that? I, I didn’t know that actually. Sure. So a bunch of these teams in, in fact, in terms of operating revenue, don’t actually generate gigantic amounts of, of money every year. Uh, again, taking an an NFL team, so an NFL team is gonna generate, you know, somewhere around $500 million, maybe six or $700 million a year, but you’re already competing about 250 million of that to, uh, to the players. So half of that revenue coming in automatically is going to the players. If you built yourself a new stadium anytime recently, obviously you could have big payments on that. Uh, there’s other operating expenses associated with that. Um, in, in a world where you’re not the NFL, but you’re a world like, uh, major League baseball, where. You have much more variability in your, in your player costs year to year and more variability in your revenue. Uh, you could easily end up with years where you’ve got negative cash flow or at least negative profits, and, uh, and that means that you need, you need to be able to weather that. And so of course that’s one of the reasons, for example, why the NFL, you know, wouldn’t just take anyone as an owner, you need to be for sure rich enough to, uh, to weather both the ups and the downs. Again, if you borrowed any money to, uh, to purchase the team, uh, that’s obviously a big, uh, big interest payment there as well. So you could easily have teams again, depending how the owner purchased that, that are not kicking out gigantic amounts of cash on a year to year basis. One of the things that I’ve been hearing about, I don’t really know how this would work, is the, is of private equity moving into potentially like college sports. So we’ve seen some changes in, uh, for example, in college football where now these players can legally get paid. So it’s, it’s starting to look more and more like a professional. Uh, professional league. So how would that work if you’ve got private money essentially buying, uh, the sports teams of an individual university? Or maybe I’m not, maybe that’s not exactly what’s happening, but that’s kind of the impression I got. So first of all, that is exactly what could be happening and, and what people are talking about. Uh, I am deeply skeptical that this is a good idea for the institutions involved. Um. So basically it works exactly like any other sort of, uh, sports franchise, right? Uh, basically you would have an owner, uh, you know, let’s call him Mark Cuban, although he’s not, you know, he’s, he’s not talking about doing this. But imagine Mark Cuban decided he wants to buy, uh, Ohio State, right? Uh, so he comes up with a a billion dollars hands over a billion dollars to Ohio State. And now Mark Cuban is the recipient of any revenues being generated by the Ohio State, uh, program here. Um, and so this works like, just like anything else, right? So this is, this is basically, um, a person like bringing money in, in exchange for a piece of the action. Uh, the reason I’m highly skeptical about this because. Uh, remember the name of your university is very, very strongly tied with the name of your athletic program, right? So, you know, the Ohio State University is the name of both the educational program as well as the, uh, you know, the sports teams, right? And so, uh, one of the reasons that that schools have sports teams in the first place. Is as a method of advertising for their other things, right? So they, they use spectator sports to bring in the students to, uh, bring in, uh, actually, you know, public taxpayer money, all sorts of things. Um, and of course if the school controls the money from the, uh, you know, controls the athletic program as well as the academic program, then we can presume that the interests of the athletic program and the academic program are aligned. As soon as you’ve sold off your, your athletic program to an external, uh, you know, an external buyer, then you have every reason to believe that the incentives of that athletic program, the incentives of the. Academic program are no longer aligned in, in a way that is useful. Um, for example, you could have that, that equity person say, you know what? I’m gonna make money no matter what, and I’m just gonna tank all of our programs because I’m gonna generate more revenue by spending less. And that’s what maximizes my profit. But that may very well harm the academic side. And so if you allow, you know, private equity to come in and they have any control. Over that, uh, athletic program, you basically outsourced an extremely important part of your business while still meaning that your business in the athletics is, is importantly tied to the other parts of your business that you haven’t outsourced. And, uh, that makes me deeply concerned for anyone who would consider going down this route. Is, is that likely to happen, do you think? I don’t think anyone who makes predictions about college sport to this point, uh, can, can do that with any certainty at all. It’s fascinating stuff. Um, and one last question I guess for you, which is, you know, we talk about like people who own teams, uh, being, you know, multi-billionaires. Um. Is there any way that fans can still get a stake if they’re just simple millionaires? Is that just not something that’s po un unless you’re live in Green Bay, I guess, is that pretty much non-existent? So it depends what you’re interested in doing, right? So if you’re a mere multimillionaire, uh, you’re not gonna become an NFL owner. You’re not gonna become an NDO owner. Right. Mm-hmm. Um, if you’re very famous and a multimillionaire, you might be able to come into an ownership group because they want you as the face of the organization. Right. Um, one example of this was George W. Bush who came in with a very tiny ownership stake, uh, when, uh, he bought the Texas Rangers and he owned about. 2% of that, that team. But he was the face of that because he was the son of the president. Right. Uh, and, and then when the Rangers did well, uh, you know, he, he made a fortune doing that as well. So, um, the answer is generally no. But as long as your heart isn’t wedded to the NFL or NBA, there are certainly options that you can come into. Right. Um, we have seen. One tier down, uh, buying into things like the WNBA or the, uh, NWSL in women’s soccer or, uh, or women’s basketball. Uh, even that’s become pricey nowadays. These are a hundred million dollar franchises now these days. Or you can take chances with lower level, essentially minor league, uh, soccer in the United States or, uh, elsewhere, uh, in, in the world. And I think you know where we’re going here. So if you’re a merely. Multimillionaire, uh, and you’re a, a famous, uh, movie star or two, you could put your money in and buy a football or soccer team in Wales, uh, called Reim. Right? And of course, that’s exactly what Ryan Reynolds did. And Malaney and, uh, you know, they did not have anywhere close to NFL money despite being famous guys, you know, big movie stars, you know, you know, tens of millions of dollars in, uh, in money. They’re nowhere close to being NFL owner money. Guess what they were wreck some owner money and, uh, they get all the fun and excitement of being an owner without needing to be a billionaire. Interesting. Well, listen, uh, I, I appreciate all your time and, uh, it’s, it’s fun for me personally as a sports fan to see how this stuff works. Um, do you have a site where you write, do you have people curious about this stuff or, or how can they learn more? So how people can learn more is, uh, is there is some fun sports economic stuff out there. Uh, the classic, uh, book in sports economics is of course Moneyball by Michael Lewis, who of course is a great writer about all things finance and, and people who are interested in, in general interest books about, you know, all sorts of things related from to the tech boom to, uh, obviously the financial crisis of the two thousands to. His early days in, in junk bonds in the 1980s. Uh, Michael Lewis is one of the, one of the great writers out there. Um, uh, other fun books by colleagues of mine, uh, omics by Stephan Semanski is, is a fun one. Uh, and, uh, you know, you can catch up, uh, with some, uh, some. Other podcasts that, uh, that follow these sort of things, including Freakonomics has often things on sports that are, that are fun as well. Uh, unfortunately if you wanna, you know, hear from me, it’s all textbook stuff and then I’ll have to give you a grade. And so probably that. Uh, but again, it, it’s a great time to be a fan of sports and of economics ’cause there’s just so much good stuff out there. Thanks so much for being on the program today. Again, my pleasure. You make a lot of money, but are still worried about retirement. Maybe you didn’t start earning until your thirties. Now you’re trying to catch up. Meanwhile, you’ve got a mortgage, a private school to pay for, and you feel like you’re getting further and further behind. Now, good news, if you need to catch up on retirement, check out a program put out by some of the oldest and most prestigious life insurance companies in the world. It’s called Wealth Accelerator, and it can help you amplify your returns quickly, protect your money from creditors, and provide financial protection to your family if something happens. Steve, the concepts here are used by some of the wealthiest families in the world, and there’s no reason why they can’t be used by you. Check it out for yourself by going to wealth formula banking.com. Welcome back to the show everyone. Hope you enjoyed it. And, uh, once again, uh, I wanna just wish you a happy Thanksgiving and, uh, thank you for, you know, being a listener of this show. And one more thing, just a reminder, uh, we are heading into sort of the last month or so. Of, uh, investment possibilities in the investor club. Wealth formula.com is where you go to join that group. And if you’re looking for a last minute tax mitigation type investment, make sure you sign up as soon as possible. Uh, that’s it for this week on Wealth Formula Podcast. Happy Thanksgiving. This is Buck Jre signing off. If you wanna learn more, you can now get free access to our in-depth personal finance course featuring industry leaders like Tom Wheel Wright and Ken McElroy. Visit wealthformularoadmap.com.

Today we are talking with an emergency doc who has become a multimillionaire. We love this conversation because he has the most boring and consistent financial story. He didn't build a real estate empire or get lucky with Crypto or some fancy investment. He just has a written financial plan that he has followed consistently. He built wealth the boring old fashioned way, with nothing fancy, but lots of success. He feels strongly about spending on what you are passionate about and being cheap on the things you don't care about. He spends lavishly on travel and even has a language tutor. He currently speaks 4 languages and has been to 45 countries. After the interview we are talking about real estate syndications for Finance 101. Mortar Group is a premier real estate investment firm focused on multifamily properties in both ground up and value add projects in the competitive markets of New York City since early 2000s. With over $300 million in assets under management and over 30 investments since inception, their fully integrated firm model allows Mortar to maximize efficiency and value across their investments in these niche markets. Mortar leverages over two decades of experience in architecture, development and asset management in their projects to build value and minimize risk for investors. Invest in tax efficient, high return, risk adjusted strategies with Mortar Group at https://whitecoatinvestor.com/mortar The White Coat Investor has been helping doctors, dentists, and other high-income professionals with their money since 2011. Our free personal finance resource covers an array of topics including how to use your retirement accounts, getting a doctor mortgage loan, how to manage your student loans, buying physician disability and malpractice insurance, asset allocation & asset location, how to invest in real estate, and so much more. We will help you learn how to manage your finances like a pro so you can stop worrying about money and start living your best life. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you! Have you achieved a Milestone? You can be on the Milestones to Millionaire Podcast too! Apply here: https://whitecoatinvestor.com/milestones  Find 1000's of written articles on the blog: https://www.whitecoatinvestor.com  Our YouTube channel if you prefer watching videos to learn: https://www.whitecoatinvestor.com/youtube  Student Loan Advice for all your student loan needs: https://studentloanadvice.com  Join the community on Facebook: https://www.facebook.com/thewhitecoatinvestor  Join the community on Twitter: https://twitter.com/WCInvestor  Join the community on Instagram: https://www.instagram.com/thewhitecoatinvestor  Join the community on Reddit: https://www.reddit.com/r/whitecoatinvestor  Learn faster with our Online Courses: https://whitecoatinvestor.teachable.com  Sign up for our Newsletter here: https://www.whitecoatinvestor.com/free-monthly-newsletter  00:00 MtoM Podcast #249 04:58 Emergency Doc Becomes a Multimillionaire 09:20 Advice For Others 21:35 Real Estate Syndications

Welcome to another insightful episode of the Building Your Money Machine Show! Today, we're tackling a topic at the very heart of your financial future: fiat currency. If you've ever wondered why your paycheck doesn't seem to stretch the way it used to, or why groceries keep creeping up in price, stick with me—because the real issue isn't just inflation. It's understanding the actual money you're using.In this episode, I break down what fiat currency really is, how it became the global standard, and why it can silently drain your wealth if you don't know how to play the smart game. As a CPA, entrepreneur, and investor who's walked the financial freedom path more than once, I discovered firsthand that mastering money starts with understanding how the system works—when it's built on belief, not backing.We dig into the historical pivot from the gold standard to fiat currency, its pros (like flexibility and scalability), and its pitfalls. I'll show you how fiat impacts your income, spending, and investment strategies, and why focusing on real returns—not just what's printed on the page—is critical to building true wealth.IN TODAY'S EPISODE, I DISCUSS:What fiat currency is and how it shapes your financial lifeThe pros and cons of fiat currencyWhy asset ownership is crucial to outpace inflation and build real wealthThe difference between nominal returns and real returns, and why it mattersActionable steps to make your money work for youThe importance of the Financial Freedom Zone quizRECOMMENDED EPISODES FOR YOUIf you liked this episode, click here to enjoy these and more:https://melabraham.com/show/7 Popular Finance Tips That Are Quietly Keeping You Broke12 Things I Don't Waste Money On (As a 64 Yr Old Millionaire)When You Get RICH, Tell NO ONE (Act Like You're Poor)12 Signs That Predict You'll Be a Multi MillionaireWhy Keeping Over THIS AMOUNT In Cash Is a Huge MistakeRECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:7 Popular Finance Tips That Are Quietly Keeping You Broke: https://youtu.be/ctwclEvqOyg12 Things I Don't Waste Money On (As a 64 Yr Old Millionaire): https://youtu.be/quh1Hdz7Wb8When You Get RICH, Tell NO ONE (Act Like You're Poor): https://youtu.be/FailzpHkJBc12 Signs That Predict You'll Be a Multi Millionaire: https://youtu.be/ITi-nvwJPVwORDER MY NEW USA TODAY BESTSELLING BOOK:Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that's no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.When you do you'll also get over $1100 in wealth resources & bonuses for FREE! TAKE THE FINANCIAL FREEDOM QUIZ:Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com

Advice from a multi millionaire to allow money to flow - that you've never heard before! This will change your entire relationship with money and how it responds to YOU! Join Tapped into Wealth EFT Tapping Challenge Enter into the Free Rewire Yourself Rich Lounge Apply to the RICHCODED Mastermind Enter into The Rewired Rich Room Connect on Instagram 

Welcome to another game-changing episode of the Building Your Money Machine Show! Today, I'm pulling back the curtain on seven popular finance tips that might sound smart—but are actually keeping you stuck, broke, and playing small. If you've ever been told to skip the lattes, save 10%, hustle harder, buy a home ASAP, kill all debt before investing, play it safe, or believe that money can't buy happiness... you're not alone. But in my decades of working with families, entrepreneurs, and my own money journey, I've seen firsthand how these well-meaning tips can quietly sabotage your path to financial freedom.In this episode, I break down each myth, explain why they're momentum killers, and show you how to flip them into powerful, actionable strategies. It's time to escape the income trap and build a money machine—because earning more doesn't make you free, your money machine does! Freedom begins the moment you get your dollars working harder for you than you did for them.Let's jump in, unpack these outdated money rules and reframe your mindset for real progress, and a life by your design.IN TODAY'S EPISODE, I DISCUSS:Why cutting small expenses is a distraction from high-leverage money movesThe truth about saving 10% of your incomeThe trap of trading time for moneyWhy buying a home isn't always the wealth builder you've been told it isThe reality of debtPlaying it "safe" vs. playing to winThe false wisdom of “money can't buy happiness” and the real power of money to buy options, time, and impactRECOMMENDED EPISODES FOR YOUIf you liked this episode, click here to enjoy these and more:https://melabraham.com/show/12 Things I Don't Waste Money On (As a 64 Yr Old Millionaire)When You Get RICH, Tell NO ONE (Act Like You're Poor)12 Signs That Predict You'll Be a Multi MillionaireWhy Keeping Over THIS AMOUNT In Cash Is a Huge Mistake35 Years of Investing Lessons in 21 Minutes (From a CPA)RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:12 Things I Don't Waste Money On (As a 64 Yr Old Millionaire): https://youtu.be/quh1Hdz7Wb8When You Get RICH, Tell NO ONE (Act Like You're Poor): https://youtu.be/FailzpHkJBc12 Signs That Predict You'll Be a Multi Millionaire: https://youtu.be/ITi-nvwJPVwWhy Keeping Over THIS AMOUNT In Cash Is a Huge Mistake: https://youtu.be/P8vdriqlP-0ORDER MY NEW USA TODAY BESTSELLING BOOK:Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that's no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.When you do you'll also get over $1100 in wealth resources & bonuses for FREE! TAKE THE FINANCIAL FREEDOM QUIZ:Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com

Today we are talking to a primary care doc who has become a multimillionaire and is now essentially financially independent. Their financial success has allowed her career military spouse to retire. She said she loves her career and despite their financial situation she has no desire to quit working. They live in a high cost of living area and are a great example that if you do the right, boring, consistent thing over time - you will reach your financial goals. After the interview we are talking about financial independence for Finance 101. Goodman Capital is a premier real estate credit investment firm specializing in senior-secured, low loan-to-value lending on Class A properties in prime markets across the greater New York metro area. Founded on a family legacy dating back to 1987, Goodman has closed more than $850 million+ across 95+ loans with a track record of zero principal loss. Their flagship private mortgage REIT, Liquid Credit Strategy Fund I, delivered a steady 9% net dividend yield since inception at a very conservative sub-50% LTV. Invest in tax-efficient, high-yield, risk-adjusted debt investment strategies with Goodman Capital at https://www.whitecoatinvestor.com/goodman The White Coat Investor has been helping doctors, dentists, and other high-income professionals with their money since 2011. Our free personal finance resource covers an array of topics including how to use your retirement accounts, getting a doctor mortgage loan, how to manage your student loans, buying physician disability and malpractice insurance, asset allocation & asset location, how to invest in real estate, and so much more. We will help you learn how to manage your finances like a pro so you can stop worrying about money and start living your best life. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you! Have you achieved a Milestone? You can be on the Milestones to Millionaire Podcast too! Apply here: https://whitecoatinvestor.com/milestones  Find 1000's of written articles on the blog: https://www.whitecoatinvestor.com  Our YouTube channel if you prefer watching videos to learn: https://www.whitecoatinvestor.com/youtube  Student Loan Advice for all your student loan needs: https://studentloanadvice.com  Join the community on Facebook: https://www.facebook.com/thewhitecoatinvestor  Join the community on Twitter: https://twitter.com/WCInvestor  Join the community on Instagram: https://www.instagram.com/thewhitecoatinvestor  Join the community on Reddit: https://www.reddit.com/r/whitecoatinvestor  Learn faster with our Online Courses: https://whitecoatinvestor.teachable.com  Sign up for our Newsletter here: https://www.whitecoatinvestor.com/free-monthly-newsletter  00:00 MtoM Podcast #247 02:18 Primary Care Doc Becomes Multimillionaire and Retires Her Husband 11:56 Advice For Others 18:17 Financial Independence

Welcome to another eye-opening episode of the Building Your Money Machine Show! Today, I'm sharing the 12 things I DON'T waste my money on as a 64-year-old millionaire. If you've ever felt the pressure to cut out coffee or deprive yourself to achieve financial freedom, let me tell you — that's not the secret. True wealth is about living consciously, and making sure every dollar multiplies your joy, not your regret.I'll break down the biggest financial pitfalls I've seen over decades as a CPA, entrepreneur, and mentor. These aren't just theoretical — I've made these mistakes myself, and learned how to dodge them to build lasting financial freedom. From subscription creep to “joy purchases” disguised as progress, chasing rewards and fads, buying for the future you, and more, I want you to be intentional about every decision.Building your money machine isn't about deprivation. It's about being smart — celebrating your successes, understanding where your dollars go, and making choices that feed your future wealth and peace. So if you want to know what really robs people of their freedom, you're in the right place!IN TODAY'S EPISODE, I DISCUSS:The real killers of financial freedomWhy lifestyle inflation keeps you stuck on the hamster wheelHow subscriptions eat away at your wealthGambling in the stock market vs. anchoring your wealth in boringThe cost of financial complexity, and why simplicity always winsWhen DIY projects cost more than hiring a proBuying for the future you, instead of living and investing for todayRECOMMENDED EPISODES FOR YOUIf you liked this episode, click here to enjoy these and more:https://melabraham.com/show/When You Get RICH, Tell NO ONE (Act Like You're Poor)12 Signs That Predict You'll Be a Multi MillionaireWhy Keeping Over THIS AMOUNT In Cash Is a Huge Mistake35 Years of Investing Lessons in 21 Minutes (From a CPA)9 Subtle Signs You're Building REAL WealthRECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:When You Get RICH, Tell NO ONE (Act Like You're Poor): https://youtu.be/FailzpHkJBc12 Signs That Predict You'll Be a Multi Millionaire: https://youtu.be/ITi-nvwJPVwWhy Keeping Over THIS AMOUNT In Cash Is a Huge Mistake: https://youtu.be/P8vdriqlP-035 Years of Investing Lessons in 21 Minutes (From a CPA): https://youtu.be/uGmn1VppXSgORDER MY NEW USA TODAY BESTSELLING BOOK:Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that's no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.When you do you'll also get over $1100 in wealth resources & bonuses for FREE! TAKE THE FINANCIAL FREEDOM QUIZ:Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com

Welcome to another episode of the Building Your Money Machine Show! Today, I'm shedding light on one of the most misunderstood secrets in wealth-building—why the truly rich keep their wealth quiet and what that means for living a life of freedom, choice, and peace of mind.If you've ever thought that being rich means showing off the fancy car, watch, or taking extravagant trips, let's flip that script. In this episode, I dive deep into the reality behind loud wealth—the hidden stress, the debt, and the attention from scammers and opportunists. I'll walk you through why acting broke (not literally poor, but quietly and respectfully wealthy) actually protects your relationships, your sanity, and, yes, even your safety.We'll explore practical action steps to audit your expenses, rethink your relationship with social media, and use the power of financial camouflage as a secret weapon. I'll show you why stacking assets—not brands—is how the rich stay rich, and how you can redirect just one status purchase into building your own money machine.IN TODAY'S EPISODE, I DISCUSS:Why announcing your wealth is the fastest way to lose itThe psychological burden and hidden stress behind performing wealthAction steps to audit expenses and reduce image-driven spendingHow social media invites judgment and scammersThe silent advantage of flying under the radar, negotiating better deals, and avoiding “rich person surcharges”Real-life role models of quiet wealth and what you can learn from their habitsHow to define your “freedom number” and build your money machineRECOMMENDED EPISODES FOR YOUIf you liked this episode, click here to enjoy these and more:https://melabraham.com/show/12 Signs That Predict You'll Be a Multi MillionaireWhy Keeping Over THIS AMOUNT In Cash Is a Huge Mistake35 Years of Investing Lessons in 21 Minutes (From a CPA)9 Subtle Signs You're Building REAL Wealth9 Things Rich People Don't Waste Money OnRECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:12 Signs That Predict You'll Be a Multi Millionaire: https://youtu.be/ITi-nvwJPVwWhy Keeping Over THIS AMOUNT In Cash Is a Huge Mistake: https://youtu.be/P8vdriqlP-035 Years of Investing Lessons in 21 Minutes (From a CPA): https://youtu.be/uGmn1VppXSg9 Subtle Signs You're Building REAL Wealth: https://youtu.be/H7OLvx2eciYORDER MY NEW USA TODAY BESTSELLING BOOK:Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that's no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.When you do you'll also get over $1100 in wealth resources & bonuses for FREE! TAKE THE FINANCIAL FREEDOM QUIZ:Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com

Join me as I share my journey from a college athlete with dreams of going pro to building a net worth of $300,000 by the age of 24 through real estate investing and a Millionaire by Age 30. In this episode, I discuss the challenges, lessons, and strategies that helped me scale multiple businesses, navigate tough times, and ultimately achieve financial freedom. Whether you're an aspiring entrepreneur or seasoned investor, these insights will inspire and guide you to think smarter and work more efficiently. =================================================== Welcome to the Real Estate Masters podcast, where we interview the top names in the Real Estate game. If you want to grow your Real Estate business, see more podcasts, or get free resources – Go to www.REMmastermind.com. The only podcast that allows you to directly connect with the guests and many of the highest-level names in the real estate game. You are in for a treat with our next guest. Do me a favor, subscribe to the podcast, leave us a review, and don't forget to go to www.REMmastermind.com to connect with some of the highest level Real Estate professionals in the United States through our community and through our high-level masterminds. Let's go. Itunes – www.TonyJavier.com/itunes

Welcome to another episode of the Building Your Money Machine Show, where we break down exactly what it takes to master your money, eliminate financial stress, and build a life of choice. In today's episode, I'm diving into the 12 wealth signals that can predict whether you're on the millionaire track long before your bank account proves it. That's right—millionaire status isn't about IQ, luck, or outworking everyone around you. It comes down to a handful of specific mindsets, behaviors, mechanics, and relationships most people ignore.From the power of saying "no" to the art of delayed gratification, curiosity over intelligence, and the ability to measure wealth in time—not just dollars—I'll show you why compounding, discipline, and self-control beat hustle and brute force every time. We'll talk about why emotional detachment from money, risk radar, and embracing unpopular paths make all the difference when everyone else is chasing the herd.Whether you're just starting out or already building your money machine, these 12 signals are your checklist for financial freedom. Plus, I'm sharing free resources like my Lifestyle Cost Calculator to help you figure out how much your dream life will actually cost.IN TODAY'S EPISODE, I DISCUSS:Why saying "no" compounds your focusHow curiosity and adaptability beat raw intelligence when it comes to wealthLearning to emotionally detach from money and stick with your planThe difference between ownership and effortMoney as a tool and a paintbrush, not a trophyHow learning from every dollar leads to exponential improvementRECOMMENDED EPISODES FOR YOUIf you liked this episode, click here to enjoy these and more:https://melabraham.com/show/Why Keeping Over THIS AMOUNT In Cash Is a Huge Mistake35 Years of Investing Lessons in 21 Minutes (From a CPA)9 Subtle Signs You're Building REAL Wealth9 Things Rich People Don't Waste Money OnHow to Have Better Finances Than 95% of People (in 3 Months)RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:Why Keeping Over THIS AMOUNT In Cash Is a Huge Mistake: https://youtu.be/P8vdriqlP-035 Years of Investing Lessons in 21 Minutes (From a CPA): https://youtu.be/uGmn1VppXSg9 Subtle Signs You're Building REAL Wealth: https://youtu.be/H7OLvx2eciY9 Things Rich People Don't Waste Money On: https://youtu.be/n4C0FMrIrTcORDER MY NEW USA TODAY BESTSELLING BOOK:Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that's no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.When you do you'll also get over $1100 in wealth resources & bonuses for FREE! TAKE THE FINANCIAL FREEDOM QUIZ:Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com

Have you ever wondered how to set your kids up for financial success? In today's conversation, the financial coaches reveal three powerful strategies to help your children become multi-millionaires. It's not about passing down money–it's about passing down the skills, mindset, and systems that will enable them to create wealth for themselves. The coaches share practical steps that can make all the difference in teaching kids how to generate passive income, understand financial systems, and take charge of their financial futures.Top three things you will learn:-How to teach your kids the value of passive income-The mindset shifts necessary to make them multi-millionaires-Practical steps to start building wealth systems for future generationsDisclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.The hosts may have a financial interest in the programs or services mentioned in this episode.

In this episode of The Personal Finance Podcast, Andrew introduces the 401k Sprint strategy—a game-changing approach where you max out retirement contributions for just 5-10 years instead of grinding for 30-40 years straight, proving that a 25-year-old who contributes $23,500 annually for only 5 years can retire with over $2 million while someone starting at 60 can still add $430,000 in just 5 years using catch-up contributions. He breaks down the exact numbers for sprints starting in your 20s, 30s, 40s, 50s, and 60s, explains the difference between traditional and Roth 401k strategies, and shows why the 2-on/2-off cycle approach (maxing contributions for 2 years, taking 2 years off, and repeating) can still build nearly $3 million by retirement—proving that short bursts of intense saving combined with compound growth can beat decades of mediocre contributions. How Andrew Can Help You: Listen to The Business Show here. Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your aspirations are not just wishes but realities. Enroll now and make this year count! Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Learn to invest by joining  Index Fund Pro! This is Andrew's course teaching you how to invest!  Watch The Master Money Youtube Channel! , Ask Andrew a question on Instagram or TikTok Learn how to get out of Debt by joining our Free Course  Leave Feedback or Episode Requests here.  Car buying Calculator here Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast DELL: Get a new Dell AI PC starting at $749.99, at Dell.com/ai-pc  Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance Acorns: Start investing automatically with Acorns and get a $5 bonus at Acorns.com/PFP  Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn't affect your credit score. Get started at chime.com/  Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote. Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at  shopify.com/pfp Go to https://joindeleteme.com/PFP20/ and Use Promo Code PFP for 20% off!    Relevant Episodes: Should You Stop Using a Roth 401(k) After a Certain Income? (Money Q&A) What to Do With Your Old 401(K) (Step-By-Step!) Should I reduce my 401(K) Contributions to Save for a House? - Money Q&A Connect With Andrew on Social Media: Instagram TikTok Twitter Master Money Website Master Money Youtube Channel  Free Guides: The Stairway to Wealth: The Order of Operations for your Money How to Negotiate Your Salary The 75 Day Money Challenge Get out Of Debt Fast Take the Money Personality Quiz Learn more about your ad choices. Visit megaphone.fm/adchoices

In this game-changing episode of The Best You Podcast, Nick sits down with Austin Hankwitz, financial educator, entrepreneur, and host of the Top 10 Rich Habits Podcast. Austin has become a multi-millionaire in his late 20s—and he's not gatekeeping any of it.This conversation gives you the blueprint for how to handle your personal finances. Whether you're starting from scratch or looking to refine your strategy, Austin breaks down what accounts to open, how much to invest, where to put your money, how to handle debt, and how to talk about finances in a relationship.What You'll Learn:●      The exact accounts you need to save, invest, and grow your wealth●      How to pay off debt the right way (yes, there's a smarter order)●      How much to invest each month to retire with millions●      What Austin is most excited about investing in next●      How to talk about money with your partner—without it getting weird

Most social media growth advice tells you to hustle harder, post more, and chase every trend. But that's not how sustainable businesses are built. In this episode, Tiffany Carter shares rapid fire social media tips, Instagram growth strategies, TikTok growth hacks, and content marketing advice from her perspective as a Type C multi-millionaire who scaled online without burning out or selling her soul to the algorithm.  RESOURCES & LINKS MENTIONED:  FREE 2-DAY LIVE MASTERMIND EVENT (One-Time-Only): Cash-Flow Content Accelerator Details + Register HERE (*limited seating since this is on Zoom Live)  Summer Applications CLOSING SOON for my Exclusive Two-Month Private Business Coaching Program APPLY HERE (won't be available again for along time!)  ONLY DAYS LEFT! Special Summer Sale ENDING > Get 55% OFF my landmark Money Manifestation self-guided program, Make More, Work Less! Projectmewithtiffany.com/SpecialOffer  (FREE) Guided Walking Manifestation Series + the companion guided wealth journal: Projectmewithtiffany.com/Wealthy. First 1111 people get a FREE printable copy!    Connect with Tiff:  Tiffany on Instagram @projectme_with_tiffany   Tiffany on TikTok @projectme_with_tiffany  Tiffany on YouTube: ProjectME TV  Tiffany's FREE Abundance Email Community: JOIN HERE > The Secret Posse  If you've ever searched for how to grow on Instagram, TikTok tips for entrepreneurs, social media growth strategies, content that converts, or how to get clients online, this episode gives you the unfiltered truth. These lessons go beyond surface-level hacks to show you what it really takes to build trust, attract buyers, and create financial freedom with social media.    Inside, you'll discover:  > The social media growth strategies that actually bring in paying clients  > Why Instagram trends and TikTok algorithms don't matter as much as timeless hooks  > How to feel safe being seen online and why visibility is the most underestimated growth strategy  > The difference between chasing followers and building business growth and financial freedom  > Content creation tips and social media marketing advice that let you grow without constant hustle    This episode is your blueprint for growing on social media with clarity, confidence, and consistency — so you can build wealth, attract high-paying clients, and turn content into cash flow. 

Most money advice is built for Type A personalities — hustle harder, grind longer, and sacrifice everything to succeed. But that's not the only path to wealth. In this episode, Tiffany Carter shares rapid fire money tips, millionaire habits, and wealth building strategies from her journey as a Type C multi-millionaire who created financial freedom without burning out.    RESOURCES & LINKS MENTIONED:    FREE 2-DAY LIVE MASTERMIND EVENT (One-Time-Only): Cash-Flow Content Accelerator Details + Register HERE (*limited seating since this is on Zoom Live)    Summer Applications CLOSING SOON for my Exclusive Two-Month Private Business Coaching Program APPLY HERE (won't be available again for along time!)    Special Summer Sale ENDING > Get 55% OFF my landmark Money Manifestation self-guided program, Make More, Work Less! Projectmewithtiffany.com/SpecialOffer    (FREE) Guided Walking Manifestation Series + the companion guided wealth journal: Projectmewithtiffany.com/Wealthy. First 1111 people get a FREE printable copy!    Connect with Tiff:  Tiffany on Instagram @projectme_with_tiffany   Tiffany on TikTok @projectme_with_tiffany  Tiffany on YouTube: ProjectME TV  Tiffany's FREE Abundance Email Community: JOIN HERE > The Secret Posse     If you've ever searched for money advice for entrepreneurs, millionaire mindset tips, passive income ideas, or how to make money online, this episode is your shortcut to clarity. These lessons are fast, practical, and proven — designed for entrepreneurs, coaches, and small business owners who want to grow wealth without endless hustle.    Inside, you'll discover:  > The top money lessons and financial tips Tiffany used to scale to multi-millions  > How to protect and grow cash flow instead of chasing empty revenue numbers  > The wealth mindset shifts that separate successful entrepreneurs from those stuck in survival mode  > Money making strategies for business growth that actually work for coaches and online service providers  > Practical advice for building financial freedom and passive income without adding more stress  This episode is your guide to building wealth and creating financial freedom while staying aligned, sustainable, and true to who you are.    

Today we are talking with a hand surgeon later in his career who has become a multimillionaire. This inspiring doc shared his successes as well as his mistakes on his journey to becoming financially secure. He is a great example of not having to do it perfectly the second you get out of training. Slow and steady learning, growth and savings will pay off in the long run. He feels strongly about the importance of paying yourself first and giving generously. After the interview we are talking about annuities for Finance 101. Since April 2021, more than 650 physicians in the White Coat community have invested over $300 million with DLP Capital, a 12-time Inc. 5000 honoree that offers four private real estate investment funds—one of my favorite ways to invest in real estate. If you're eager to achieve success as a private real estate investor, DLP's impact-focused sponsored funds offer the potential to earn double-digit returns while making an impact on America's affordable housing crisis. Interested in learning more? Head to https://WhiteCoatInvestor.com/DLP today. The White Coat Investor has been helping doctors, dentists, and other high-income professionals with their money since 2011. Our free personal finance resource covers an array of topics including how to use your retirement accounts, getting a doctor mortgage loan, how to manage your student loans, buying physician disability and malpractice insurance, asset allocation & asset location, how to invest in real estate, and so much more. We will help you learn how to manage your finances like a pro so you can stop worrying about money and start living your best life. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you! Have you achieved a Milestone? You can be on the Milestones to Millionaire Podcast too! Apply here: https://whitecoatinvestor.com/milestones  Find 1000's of written articles on the blog: https://www.whitecoatinvestor.com  Our YouTube channel if you prefer watching videos to learn: https://www.whitecoatinvestor.com/youtube  Student Loan Advice for all your student loan needs: https://studentloanadvice.com  Join the community on Facebook: https://www.facebook.com/thewhitecoatinvestor  Join the community on Twitter: https://twitter.com/WCInvestor  Join the community on Instagram: https://www.instagram.com/thewhitecoatinvestor  Join the community on Reddit: https://www.reddit.com/r/whitecoatinvestor  Learn faster with our Online Courses: https://whitecoatinvestor.teachable.com  Sign up for our Newsletter here: https://www.whitecoatinvestor.com/free-monthly-newsletter 

If you ever catch yourself thinking, “There's just never enough time!” — listen up. A few years back, I discovered a little magic trick that almost instantly, can turn you into a TIME MULTIMILLIONAIRE. Whether it's launching your dream project, getting in the best shape of your life, or writing that novel you keep talking about — by the end of this episode you'll be saying, "I have all the time I need to make this happen!" Thanks for listening! New episodes drop every Tuesday. Make sure you hit the follow button to get notified.

You've been told you need to be loud, everywhere, and always on to hit multi-millions.
That's a lie. I'm breaking down the 5 unconventional, behind-the-scenes secrets I've used to build a multi-million dollar business as a Type C entrepreneur.      If you've ever thought, “I'm too quiet,” “I'm too laid-back,” or “I'm not cutthroat enough to build millions,” this episode will change the way you see yourself as an entrepreneur.    RESOURCES & LINKS MENTIONED:    Summer Applications OPEN for my Exclusive Two-Month Private Business Coaching Program APPLY HERE (won't be available again for along time)    The ProjectME Posse Group Business Coaching Membership: Go from $0-15K/month online. There are a handful of new membership spots left!  CLICK HERE    (ENDING SOON) Wealth Walkers One Time Only Special Offer > Get 55% OFF my landmark Money Manifestation self-guided program, Make More, Work Less! Projectmewithtiffany.com/SpecialOffer    (FREE) Download the companion guided wealth journal for this series: Projectmewithtiffany.com/Wealthy. First 1111 people get a FREE printable copy!    Connect with Tiff:  Tiffany on Instagram @projectme_with_tiffany   Tiffany on TikTok @projectme_with_tiffany  Tiffany on YouTube: ProjectME TV  Tiffany's FREE Abundance Email Community: JOIN HERE > The Secret Posse     You'll learn how to grow massive wealth without selling your soul, running yourself into the ground, or pretending to be someone you're not.  Whether you're introverted, burnt out on the “hustle 24/7” advice, or you just know there's an easier way to scale your business, this is your permission slip to play the game differently… and win.    What You'll Learn in This Episode:  > Why protecting your energy is a higher ROI move than chasing every opportunity.  The skill-building obsession that pays off more than trend-hopping.  > How to design a business model that matches your nervous system — not just your revenue goals.  > The power of staying underestimated while you quietly scale.  > Why big decisions should be made slowly… but acted on quickly.  > The “small circle, high standard” rule that keeps profit high and stress low.  > How to measure success without tying it to hustle hours. 

What does real financial progress look like? In this episode, we break down the 7 key milestones on the road to financial independence from reaching a net worth of zero, to saving your first $100K, to becoming a liquid millionaire. Whether you're just starting out or nearing retirement, these benchmarks will help you measure, motivate, and master your money. ⁠⁠⁠⁠Jump start your journey with our FREE financial resources⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Reach your goals faster with our products⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Take the relationship to the next level: become a client⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Subscribe on YouTube for early access and go beyond the podcast⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠Connect with us on social media for more content⁠⁠⁠⁠⁠⁠⁠ Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. NordVPN.com/MONEYGUY Learn more about your ad choices. Visit megaphone.fm/adchoices

A new Pat Gray Bingo This Week, featuring a range of entertaining impressions. "The Late Show with Stephen Colbert" has been canceled, with its final episode scheduled to air in May 2026. Questions have arisen about whether Barack and Michelle Obama are personally answering queries on their podcast or if artificial intelligence is involved. Former President Obama recently emphasized the importance of positive role models for young men, though his specific comments have sparked debate. At the WNBA All-Star Game, captain Caitlin Clark and other players wore shirts stating, "Pay Us What You Owe Us," highlighting their push for fair compensation. Pee-wee's famous bike from "Pee-wee's Big Adventure" will find a permanent home at the Alamo. North Korea claims to have launched a new resort promising extravagant events, but skepticism remains about its authenticity. NVIDIA's stock valuation has reached an impressive $4 trillion, reflecting America's strength in technological innovation. Over the weekend, an ICE Border Patrol agent was reportedly shot in the face, and Rep. Jerry Nadler (D-N.Y.) claimed he was unaware of any attacks on ICE agents, raising concerns about oversight. Renovation of the Tennessee Titans stadium in Nashville was paused after a noose was found at the site, with workers being offered counseling to address the incident's impact. 00:00 Pat Gray UNLEASHED! 00:21 New Pay Gray BINGO! Card 09:54 Stephen Colbert Leaving the Air 11:28 Stephen Colbert “Get the Jab” Song 13:56 Stephen Colbert Flashback 18:56 Is this AI? 22:11 Obama Wants Men to have Gay Friends 26:40 No One is Above the Law? 31:31 Fat Five 50:16 Stop BLOCKING the ROAD! 52:31 Jerry Nadler Doesn't Know about ICE Attacks 54:40 Eric Swalwell Accuses ICE Agents of Terrorizing Women 55:32 Karen Bass on Officers Wearing Masks 59:57 Tulsi Gabbard DROPS Major News around Russia Collusion 1:02:17 Tulsi Gabbard on 'Obama Politicization' of Intel Agencies 1:06:43 Michelle from Kentucky Calls-In to Pat Gray UNLEASHED! 1:12:18 MRI Freak Accident 1:16:45 Trump Birthday Card for Epstein? 1:23:53 Tennessee Titans Stadium Remodel Learn more about your ad choices. Visit megaphone.fm/adchoices