Podcasts about OPM

The Property Unleashed Podcast

Play Episode Listen Later Aug 15, 2026 3:14

From September to December 2026, a lineup of legendary OPM acts and contemporary Philippine stars will take the stage across Australia. - Ilan dito sina Martin Nievera, Ice Seguerra at Cup of Joe.

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Nicolas Peluffo : Disconnecting into Awe

7:47 Conversations

Play Episode Listen Later Aug 13, 2026 47:08

In a hyper-connected world filled with constant noise, notifications, and performance, we often travel just to capture the photo rather than live the moment. But what happens when true luxury isn't about being seen—it's about the privilege of disappearing? In this profound episode, Chris Schembra sits down with Nicolas Peluffo, CEO of Awasi Lodges. With over two decades of experience across hospitality, real estate, and finance, Nicolas explores how Awasi's carbon-neutral, Relais & Châteaux lodges in South America—from Patagonia and the Atacama Desert to Iguazú and Santa Catarina—provide the setting for guests to disconnect, surrender control, and reconnect with intrinsic human awe. Together, they discuss why time and space are the ultimate modern luxuries, how unscripted nature lowers cortisol and restores genius-level creativity, why hiring for attitude over aptitude is the secret to true hospitality, and how surrendering to the present moment unlocks our deepest clarity. 10 Memorable Quotes "You come to experience something unique, right? To be in awe. And that's the reason that makes you get there." — Nicolas Peluffo "A normal hospitality company says, 'We're your home away from home.' The way we approach it is: this is your best friend's home." — Nicolas Peluffo "We're hit by way too many distractions—noise, people, email, text... that makes it increasingly difficult for anyone to be human." — Nicolas Peluffo "We all need that connection with nature. We all need that disconnection from the noise and the things that are unimportant." — Nicolas Peluffo "We're not built to be in a seat, on a sofa, definitely not in a shopping mall." — Nicolas Peluffo "When looking for attitude versus aptitude, attitude always prevails. It's very difficult to teach someone to smile, but it's pretty easy to teach someone to use Excel." — Nicolas Peluffo "Smile, not because you were told to smile. Smile because this is what you were meant to do." — Nicolas Peluffo "Hospitality is unlike any other customer experience. I don't think any other business has the same level of vulnerability and surrender both ways." — Nicolas Peluffo "Surrendering for me is letting go of all those constraints that the world told us—that we need to be better, faster, cheaper." — Nicolas Peluffo "Forcing things into existence is not the best way of going about things... Flow happens when you surrender." — Nicolas Peluffo 10 Key Takeaways The Privilege of Disappearing: In an overstimulated society, true well-being comes from reaching places where you can become unreachable and step away from constant noise. Hyper-Customized Hospitality: Exceptional experiences are built around individual human pacing ("your pace, your space") with dedicated guides and private vehicles rather than rigid group itineraries. Space for Cognitive Genius: Slowing down in nature allows the brain to process internal insights, creating the mental space needed for breakthrough creativity and innovation. The Neurobiology of Awe: Immersing oneself in vast natural landscapes reduces cortisol, lowers inflammation, and shifts focus away from big egos toward prosocial connection. Unstaged and Unscripted Moments: Authentic human experiences cannot be transactional or manufactured; they flourish in unscripted interactions with nature and local cultures. Hiring for Heart and Energy: True hospitality cannot be scripted; organizations must hire people with an innate inclination to serve, prioritize attitude over skills, and cultivate genuine presence. The Power of the Smile: Emotional energy is transmitted instantly—even through a phone call—making authentic warmth and positive energy essential for meaningful human connection. The Vulnerability of Hospitality: Creating transformative experiences requires mutual trust and vulnerability between host and guest as people share meals, stories, and life moments. Surrender Before Power: Letting go of the need to control every outcome opens up flow, presence, and deeper alignment both in leadership and in personal life. Living Intrinsically vs. Extrinsically: Shifting from external validation (like social media approval) to intrinsic presence transforms a brief transaction into a lifelong memory. About Our Guest Nicolas Peluffo is the Chief Executive Officer of Awasi Lodges, a collection of carbon-neutral luxury lodges and Relais & Châteaux member set in South America's most remote corners—including the Atacama Desert, Torres del Paine, Iguazú, and Santa Catarina. Bringing over 23 years of experience across hospitality, real estate, finance, and technology, Nicolas previously served as Founder and CEO of TRVLR and spent nearly seven years at Awasi's Santa Catarina property (formerly Ponta dos Ganchos) rising to General Manager. He served as President and Co-Founder of the Brazilian Luxury Travel Association (BLTA) and sat on the Board of Directors of Relais & Châteaux as Delegate for South America. A graduate of Harvard Business School's OPM program with certifications from Cornell University, Nicolas resides in Santa Barbara, California, leading Awasi's conviction that time and space are the greatest of privileges. Learn more at awasiexperience.com.

OPM Mindset For Property Investing

Play Episode Listen Later Aug 13, 2026 11:00 Transcription Available

Send us Fan MailUsing other people's money can feel scary, awkward, or even “wrong” when you're getting started in property investing, but that fear is often the exact thing that keeps your portfolio small. I'm Mark Fitzgerald, and I'm breaking down what an OPM mindset really is, why it matters, and how to use private money and investor capital in a way that's safe, controlled, and built on trust.We dig into the biggest mental trap I see: treating raising money like begging, and treating “no” like rejection instead of clarity. When you can source a solid real estate deal and you understand the numbers, staying silent can actually be the selfish move because plenty of people have cash sitting in low-interest accounts and want better returns but lack the skills to execute. The goal is not hype or pressure, it's creating mutual value through clear communication and strong fundamentals.I also walk through how to structure win win win agreements so the investor gets the return and security they need, you get the leverage to execute, and the seller or landlord gets a fair outcome. We cover practical options like second charge positions, RX1 restrictions, and personal guarantees, plus the long-term habits that protect your reputation: transparency, updates when timelines slip, and doing what you say you'll do.If this helps you think differently about creative finance, subscribe, share it with a friend who's stuck, and leave a five-star review so more investors can find it. What's the biggest thing stopping you from asking for funding?VALUABLE RESOURCES:Let me help you build your property business, Check out how I can support your investing now.Visit https://www.thepropertyunleashed.com/homeMy Property Investing Community called Property Education To Action, This is the best place to achieve your property goals and build the life you desire. https://educationtoaction.com Apply here: thepropertyunleashed.com — click Inner CircleSupportive Living help www.socialspaces.uk“Free Goal Setting Masterclass: Build Your Life In Five Days”“If you've enjoyed these episodes, leave us a five-star review”https://www.facebook.com/groups/816926952556608 to meet like-minded property investors and be a part of the community.CONNECT WITH ME:Facebook: https://www.facebook.com/mark.fitzgerald.7921Instagram: https://www.instagram.com/markfitzgeraldentrepreneur/Linkedin: https...

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The Federal Drive with Terry Gerton - - Wednesday, August 12, 2026

Play Episode Listen Later Aug 12, 2026 50:04

Today on the Federal Drive with Terry Gerton Clinical trials need participants. Regulators are examining whether existing rules on participant compensation are helping or getting in the way Government asks for public input all the time. Most people don't know what to do with that invitation OPM has spent the past year helping reshape the federal workforce. A new GAO report looks at what's happened inside OPM itselfSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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OPM spent the past year helping reshape the federal workforce, a new GAO report looks inside OPM itself

Play Episode Listen Later Aug 12, 2026 9:47

OPM has played a central role in shaping federal workforce policy over the past 18 months. At the same time, the agency itself has undergone substantial staffing reductions. A new GAO report examines what those changes could mean for OPM's ability to carry out its mission and support other agencies. Joining me to walk through the details is Dawn Locke, director in GAO's Strategic Issues team.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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4 federal retirement mistakes you can't undo

Play Episode Listen Later Aug 11, 2026 5:34

Four federal retirement mistakes to avoid. These decisions have a short window to get right — survivor benefit, FEHB, FEGLI, and TSP withdrawals — and for most of them, there's no fixing it later. In this video, Charles walks through exactly what to do with each one, and why the "obvious" move (cancel, take the lump sum) is usually the expensive one.━━━━━━━━━━━━━━━IN THIS VIDEO YOU CAN LEARN━━━━━━━━━━━━━━━- Survivor benefit: the short window to change it — and why you can't count on a fix later- FEHB: why you should SUSPEND, never cancel, your federal health insurance- FEGLI: how a 75% reduction on Basic can cost $0 at 65 — don't just cancel it- TSP withdrawals: why pulling a large lump sum is a one-way doorWhich of the 4 scares you most? Drop a number below

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OPM preparing to take over federal employee appeals

Play Episode Listen Later Aug 11, 2026 8:02

Federal employees are getting more details on what to expect if they appeal an adverse action. That's after the Office of Personnel Management finalized an overhaul to the government's avenues for challenging agencies. Here to break down the latest from OPM's guidance, Federal News Network's Drew Friedman.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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OPM drops ‘disparate impact' guidelines from federal hiring regulations

Play Episode Listen Later Aug 6, 2026 7:02

A longstanding framework meant to root out inadvertent discrimination in hiring assessments will no longer be required for agencies. An interim final rule that OPM issued last week eliminates the "Uniform Guidelines on Employee Selection Procedures" from federal personnel policy and regulations. The move aligns with a June opinion from the Department of Justice, which deemed the framework for hiring assessments unconstitutional. Federal News Network's Drew Friedman breaks down what the changes will mean with the Partnership for Public Service's Jenny Mattingley.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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SAFE and sound.

The CyberWire

Play Episode Listen Later Aug 5, 2026 35:47

The White House lays out its AI strategy at Black Hat. Researchers spotlight rogue AI behavior. CISA warns of an actively exploited N-able flaw. TP-Link patches 15 Omada vulnerabilities. Apple fights the UK's iCloud access order. The AI gray market expands. A Massachusetts healthcare breach hits more than 300,000 people. Lawmakers push to extend protections for OPM breach victims. Our guest is Cal Al-Dhubaib, Principal Technologist at Rubrik, who wonders if your security team is solving the wrong problem. With elections, don't trust AI to tell you the whole story. Remember to leave us a 5-star rating and review in your favorite podcast app. Miss an episode? Sign-up for our daily intelligence roundup, Daily Briefing, and you'll never miss a beat. And be sure to follow CyberWire Daily on LinkedIn. CyberWire Guest On today's Industry Voices segment, we are joined by Cal Al-Dhubaib, Principal Technologist at Rubrik, talking about how your security team is solving the wrong problem. If you enjoyed the conversation, check out the full interview here. You can also find more information below: Rubrik Agent Cloud landing page Rubrik AI landing page News: Rubrik Launches Rubrik Agent Cloud for Anthropic's Claude Code Selected Reading National cyber director lays out White House plans to secure AI without writing new rules (CyberScoop) Cybersecurity Alliance Drafts SAFE Guidelines for Sharing AI Incident Data (SecurityWeek) AI researchers let models off the leash – then watched as they tried to add malware to a FOSS project (The Register) MSPs urged to patch immediately after N-able issues hotfix for N-central ‘god mode' flaw (IT Pro) TP-Link patches Omada ZTP flaws allowing hackers to breach networks (BleepingComputer) Apple launches new legal challenge against UK over iCloud access (The Record) Free tokens for sale: How fake signups drive AI fraud (Threat Intelligence) 311,000 Impacted by Brown Health Medical Group-MA Data Breach (SecurityWeek) Lawmakers spring to save ID theft services for OPM breach victims, with expiration looming (CyberScoop) AI is getting better at election facts, but voters shouldn't rely on it (CyberScoop) Share your feedback. What do you think about CyberWire Daily? Please take a few minutes to share your thoughts with us by completing our brief listener survey. Thank you for helping us continue to improve our show. Want to hear your company in the show? N2K CyberWire helps you reach the industry's most influential leaders and operators, while building visibility, authority, and connectivity across the cybersecurity community. Learn more at sponsor.thecyberwire.com. The CyberWire is a production of N2K Networks, your source for strategic workforce intelligence. © N2K Networks, Inc.

If You're Retiring Now, Watch This Before You Claim FERS

Play Episode Listen Later Aug 5, 2026 4:27

- Gross vs. net on a FERS pension — and why the difference matters- How the survivor benefit election takes ~10% off the top- Why FEHB (health insurance) is often the single biggest deduction- What federal and state taxes do to what's left- The number that actually reaches your bank account — your "port of entry"Your FERS pension has a number that looks great on paper (gross) and a number that actually lands in your bank account (net) — and the gap is bigger than most federal employees expect. In this short video, Charles walks a $3,000 monthly pension through every deduction, dock by dock, until you see what really comes home.Do you know your FERS NET number? Not just the gross.━━━━━━━━━━━━━━━START HERE━━━━━━━━━━━━━━━Apply for a Retirement Consultation:https://apply.cdfinancial.org/6a694299bad1c9a176cdc79f/Get the Digital Federal Retirement Guidebook:https://cdfinancial.org/being-a-federal-employee-book/Subscribe for Weekly Federal Retirement Planning Content:https://cdfinancial.com/newsletter━━━━━━━━━━━━━━━TIMESTAMPS━━━━━━━━━━━━━━━0:00 Gross vs. Net — Why It Matters0:25 The $3,000 Pension Sets Sail0:30 Deduction 1: Survivor Benefit (–10%)1:00 Deduction 2: FEHB (Your Health Insurance)2:01 Deduction 3: Federal Taxes3:03 Deduction 4: State Taxes3:26 What Actually Reaches Your Bank Account3:46 Watch Next: The FERS Choices You Can't Undo━━━━━━━━━━━━━━━WHO WE ARE━━━━━━━━━━━━━━━CD Financial helps federal employees and retirees make smarter retirement decisions around FERS, TSP, FEHB, and retirement income planning — where health meets wealth.━━━━━━━━━━━━━━━IMPORTANT DISCLAIMER━━━━━━━━━━━━━━━Advisory services are offered through CD Financial LLC dba CD Financial, an Investment Advisor in the State of California. Insurance products and services are offered through CD Financial & Insurance Services LLC, an affiliated company.Educational only; not financial, legal, tax, or investment advice. The $3,000 example and all deduction figures are illustrative — your survivor election, FEHB premium, and tax bracket depend on your situation. Verify with OPM and your agency.#FERS #FERSPension #FederalRetirement #RetirementIncome #CDFinancialSupport the show

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OPM cements major shift in federal employee appeals, RIF processes

Play Episode Listen Later Aug 4, 2026 8:39

Adverse action rules for federal employees are undergoing a major transformation. A set of final rules from the Office of Personnel Management transfer more power to OPM and take some authority away from the Merit Systems Protection Board. At the same time, agencies will now be required to prioritize employee performance over tenure during a reduction-in-force. Here with more, Federal News Network's Drew Friedman.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Eggs 477: Mastering Remote Teams with Chris McShanag

EGGS - The podcast

Play Episode Listen Later Jul 30, 2026 49:13

SummaryIn this episode, Chris McShanag, CEO of Virtual Teammate, shares insights on building remote teams, leveraging AI, and scaling businesses effectively. Discover practical strategies for hiring, leadership, and creating a cohesive remote culture.TakeawaysRemote team building and managementAI-enabled virtual teams and productivityHiring strategies and cultural fitLeadership and communication in remote settingsBusiness scaling and operational efficiencyChapters00:00 Introduction to Chris McShanag and Virtual Teammate01:19 Chris's Entrepreneurial Journey and Healthcare Focus03:01 The Shift to Remote Support in Healthcare04:11 Controlling Your Destiny as an Entrepreneur06:04 Parallels Between F1, Fighter Pilots, and Business07:07 Creating Clear Processes and Outcomes for Remote Teams08:04 Hiring and Building the Right Virtual Team09:06 Common Mistakes in Remote Hiring10:00 Aligning Tasks with the Highest Value10:57 Effective Communication and Performance Tracking12:05 Team Roles and Specialization in Remote Settings12:54 Building Company Culture with Virtual Teams13:51 Delegation Framework: Do, Defer, Delete15:09 Overcoming Challenges in Scaling with Virtual Support16:05 Assessing When Virtual Teams Are a Good Fit17:04 Lessons Learned from Entrepreneurial Challenges17:59 The Role of AI in Virtual Teams18:47 Ensuring Human Accountability with AI Tools20:08 Maximizing Productivity and Engagement in Remote Teams 21:03 Building a Cohesive Global Culture21:53 Success Traits of Effective Remote Leaders23:04 Limitations of AI and Human Intervention23:50 Avoiding Premature Outsourcing25:12 The Power of Personal Connection in Virtual Teams26:06 Encouraging Virtual Team Engagement and Leadership27:04 Impact of Virtual Teams on Global Economy28:11 The Future of AI and Human Collaboration28:54 Building a Legacy and Positive Impact in Healthcare30:05 Final Advice for Entrepreneurs and Business Leaders30:58 Where to Connect with Chris and Virtual TeammateLearn more: https://www.linkedin.com/in/christopher-mcshanag/https://virtualteammate.com/Credits:Hosted by Ryan RoghaarProduced by Ryan RoghaarTheme music: "Perfect Day" by OPM The Eggs Podcast Spotify playlist:bit.ly/eggstunesThe Plugs:The Show: eggsthepodcast.com@eggsthepodcast on X and InstagramMike "DJ Ontic": Shows and info: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠djontic.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@djontic on twitterRyan Roghaar:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠rogha.ar⁠⁠

616: Which Real Estate Will Survive AI, Robots, and Amazon?

Get Rich Education

Play Episode Listen Later Jul 27, 2026 45:45

Keith welcomes back Todd Drowlette, star of A&E's The Real Estate Commission, to help demystify commercial real estate for residential investors. They explore which sectors are most resilient to disruption from AI, automation, and Amazon, why certain office and warehouse assets still work, and how service-based retail like nail salons and quick-service restaurants can offer durable returns. Todd breaks down the basics and advantages of triple net (NNN) leases, key considerations in office-to-residential conversions, and how rising interest rates are reshaping commercial deals. He also shares negotiation tactics from large commercial transactions that investors can immediately apply to their next rental property purchase. Episode Page: GetRichEducation.com/616 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text FAMILY to 66866 Unlock truly passive real estate income—visit flockhomes.com/GRE today to see if your properties qualify for a 721 exchange with Flock Homes. To get in the best physical, mental, and professional shape of your life, go to DanielThomasHind.com and apply for Daniel's intensive 1-on-1 coaching for burnt-out entrepreneurs and executives. Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review" For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold 0:01 Welcome to GRE. I'm your host Keith Weinhold. We're talking with the star of the A&E show, the Real Estate Commission today. What real estate sectors are safe from AI, robots, and Amazon disruption? How many deals on the commercial side are still going to implode due to mortgage rates resetting higher? And some of the best negotiation techniques from $100 million deals that you can use in your own deals, and more today on Get Rich Education. You know, Mid South Homebuyers, that top Memphis turnkey provider. I learned that a secret weapon behind their explosive growth is more than just you buying their properties. It's an executive coach. For nine years now, their CEO Terry Kerr and his COO Pat Nix have worked privately with a coach who I've now learned from too, and he doesn't market himself online anywhere. After 12 years behind the scenes, that coach is now making himself available exclusively for GRE listeners, his name is Daniel Thomas Hind. If you're a hard-charging business owner or investor who wants to get in the best shape of your life, physically, mentally, and professionally, you can fill out an application for a free consult. This is private one-on-one coaching for those willing to go to uncommon lengths to achieve uncommon results. Thanks to Daniel, we've all become better leaders, better operators, and better men. It started by showing up for ourselves. Now it's your turn. Go to DanielThomashHind.com. H-I-N-D. That's DanielThomashHind.com and sign up before spots fill. What if you got your mortgage loans the same place I get mine? You sure can at Ridge Lending Group NMLS 42056 They provided GRE listeners with more loans than anyone because Ridge specializes in investment property. They'll help you build a long-term plan for growing your real estate empire with leverage. Start your prequal and even chat directly with President Caeli Ridge. While it's on your mind, start at ridgelendinggroup.com. That's ridgelendinggroup.com. Speaker 1 2:19 You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education. Keith Weinhold 2:35 Welcome to GRE from Peoria, Illinois to Peoria, Arizona, and across 188 world nations. I'm Keith Weinhold, and you're listening to Get Rich Education. Though we're a show centered on how to build wealth through residential real estate investing, today we're talking mostly about the commercial side with a guest that's more comfortable investing in commercial real estate than he is residential. We'll learn why. He is the star of the new real estate show called the Real Estate Commission that airs on A&E Network. Todd Drowlette, because he was here with us last year shortly before the show debuted, and he had so many interesting things to tell us then. That's why he's back. Now we know that residential real estate is positioned well at surviving the boom in artificial intelligence's influence because everybody still needs a place to live. You can't download a kitchen or living room, and a chatbot can't replace a roof. But some types of commercial real estate are vulnerable to AI. I'm going to ask Todd which types and businesses are the most resilient to survive AI, robots, and Amazon, because there surely are some. He does a good job of making commercial real estate approachable to those that have never invested in it before. Keith Weinhold 3:59 Contrary to the narrative, he also likes to talk about why office real estate is not dead. Occupying both worlds, I will ask him about office to residential conversions and also get his take on what is happening with commercial loans because apartment investors have been feeling the pain ever since mortgage rates doubled and nearly tripled in 2022. I'll ask about commercial loans blowing up and just how much more of that is expected to happen because the pain is certainly not over there. Let's meet this week's guest. A series on A and E Television and streaming launched last year called The Real Estate Commission, and it's going well enough that it's gearing up for season two. The star of that show is with us today. He was with us last year just before the show debuted, and that's when he shared all kinds of interesting insights with us, like why. A gas station is on a certain side of the road. He's perhaps the most prolific commercial real estate broker in the nation. He's managing director at Titan Commercial Realty Group in New York, closing deals totaling over $2 billion all across commercial real estate sectors. He's represented everyone from local startups to national reits. Hey, welcome back to Get Rich Education, Todd Drowlette. Todd Drowlette 5:26 Thank you so much for having me back. I appreciate it. It's always great to talk to you. Keith Weinhold 5:30 Yeah, same. It was so interesting when you were here last year, and I do want to ask you about how it's going with the A and E show later. Most of our listeners own single family rentals or small multifamily, and I think the commercial side, Todd. Frankly, it it intimidates some people. I know I've thought of it that way before. What are some of the misconceptions that the residential side seems to have about the commercial side? Todd Drowlette 5:56 So a big misconception is that you have to be smart to do it. You certainly do not. A lot of people also think you have to already be a multimillionaire to do it, right? So the same way with residential, there's levels to it. There's levels to commercial real estate. So I say there's pros and cons, right? So in commercial real estate, if you have an office building or a shopping center or a ground lease, you rent to a McDonald's, whatever. You don't get phone calls at two in the morning saying my hot water tank just exploded, my furnace isn't working. So you still get property management calls, but they're typically from you know Monday through Friday, nine to five type of thing, and you don't need millions of dollars. People think you do. It's like you can buy a small two or three tenant office building or a two or three tenant retail shopping center, maybe something has a nail salon, hair salon in it. Depending on the market you're in, that could be a couple $100,000 to buy. If you're in a tertiary town in the United States, if you're in a major metro, it could be a million, 2 million bucks. But the rent is commiserate with what you're paying. So if you can make an 8 or 10% return, a lot of banks will finance startup people as long they're looking in commercial at the quality of the tenant and what the lease is. So you could have no experience, but if you're going to rent to a Hertz rental car, a Starbucks, a McDonald's, even if you personally have like say a 750 credit score, it's decent. It's not a perfect credit score, but you're financeable. They're lending in commercial real estate based on the credit and the length of the leases, not necessarily on your own financials. And a lot of people don't realize that, and they think, "Oh, bank's never going to approve me because I've never done commercial real estate before. Well, nobody's ever done anything until they do it, right? So as long as you start small, banks will lend to people, you know, on smaller things, there's a ton of pros to being in commercial real estate compared to residential. There's less competition. It's easier to repeat deals because once you know one tenant's looking for something, then you can find the next thing they're looking for, and it's a small knit group. You know, if there's 3 million real estate agents in the United States, I would say across the entire country, maybe 10,000 of us are commercial real estate agents. Keith Weinhold 8:05 Yeah. Todd Drowlette 8:06 So if you get into commercial, once you get into that network of people with a deal with the tenants and the whatever, you know, if you're in, you're in. If you're out, you're out. That was a very long answer to a very short question. Keith Weinhold 8:16 Well, some people even have one of the same hangups about residential real estate investing-they think just to buy income property takes an awful lot of money, not realizing you can start with a single-family home of less than 300k or even less than 200k still today and make a small down payment on it. And you know, Todd, I think one thing that refines commercial real estate for some people and piques interest among residential investors is one of the first things that they learn when they're finding out about commercial real estate investing is the triple net lease. Oftentimes, you see that abbreviated NNN out there, and how that can make things somewhat more hands off for that commercial real estate investor. So, can you tell us about triple net leases? Todd Drowlette 9:00 I sure can. Number one, the funny thing about triple net leases: none of the three things the N's represent start with an N. So your triple nets are literally your real estate taxes, your insurance, and your commonary maintenance. None of which start with an N. Yet it's called N N N. Keith Weinhold 9:14 It's kind of like reading, writing, and arithmetic. The 3r is what only one of them starts with an R. It's a terrible acronym, but yes. Todd Drowlette 9:22 Exactly. So there's different types of triple net properties. So essentially, a triple net property, unlike most residential, where you're responsible, you get X amount of rent, and then out of that rent for your income, you're going to subtract out your school tax, your property tax, your property insurance, liability insurance, you know, snow plowing, lawn mowing, all that type of stuff, right? So triple net properties, you have absolute net properties, which is the best thing you can own from a landlord's perspective. Those are things that are called absolute ground leases or an absolute net lease. Typically, you'll see those in like many gas stations. Will be that a lot of McDonald's. Deals are that where essentially you own a piece of property, you buy a piece of property, and you go here. You have X amount of time to put your building up, do construction, get your approvals. You're going to pay me X per month in a ground rent. You build your own building, you own your own building, you're responsible for it, and I just own the dirt. And those are typically 10 to 20 year leases with options. The downside of a triple net ground lease is you can't depreciate anything because it's just ground, right? So you don't get the depreciation you get with other properties, but you have no risk other than the credit of the tenant. So if you're signing a lease with the United States Postal Service and it's the federal government, you know you're getting that. Those will trade typically about one percentage point higher than U.S. Treasuries because there's very, very little risk in it. But there is some risk, so as an investor, you need a little bit better return than the guarantee of a U.S. Treasury. Todd Drowlette 10:54 Then you have roof and structure triple net properties, where basically, okay, the roof and the structure I'm responsible for as the landlord. Anything inside of that, or you're responsible for, and then the tenants pay the proportionate share of, like I said, the taxes, the snow plowing, whatever. If that's a multi-tenant building, then you run the risk. Oh, tenant moves out as the landlord, you got to pick up that percentage. If if you have a 10,000 foot building and someone's in 2000 feet and they move out, well, now you're responsible for 20% of that tax and CAM and insurance bill until you replace it with a new tenant. But typically, if you're investing in small strip centers, smaller office buildings, which people say office is dead, I've made a fortune in office. Office is not dead. You just have to own the right office in the right place. A lot of downtown offices are dead, where they're moving to the suburbs for drugs and a lot of other issues. But typically, you know, strip centers today, people are buying those for 8% returns to as much as 10, 12% and a lot of times they're vacancy. That's upside you can add into it as well. But again, these are all things that you can get into for a couple $100,000 down, and there's way more room for error than people think there is. As long as you have a professional that's looking at the lease for you before you buy it, you know you just want to make sure the guarantee is on the lease that you have corporate guarantees. But typically, if a bank will finance it, they're also looking at that. But it's not as scary as people think it is, and it's really a strong alternative to investing in single-family homes. Not that I'm knocking single-family homes. There's pros and cons to literally everything you do in life, as you know. 100. Keith Weinhold 12:28 A triple net lease, where in commercial property the tenant covers three main expenses or nets: property taxes, insurance, and the maintenance and repairs. And in a lot of the situations, like Todd is describing, that really leaves landlords responsible for little more than the mortgage, really increasing the passivity here. And you know, tenants that are willing to shoulder a triple net lease, I don't think of them as taking on those extra costs for nothing. I think about it is in exchange, tenants typically pay lower rent then, and the tenant also gets more control over the property in a triple net arrangement. Todd Drowlette 13:08 That's a generally safe thing to say, but I hate saying this. I can't believe I'm even saying this, but you know they say location, location, location. So it really depends on the market. The biggest mistake people make to go, oh, I get asked all the time, should I invest in land? I'm like, hell no, raw land. I go when I develop stuff, I have a use for it. Once I get the approvals, then I'll close and buy the land. Land banking stuff and just going and buying land and hoping it goes up in value. I have a number one rule that I always say to people, and it's anytime you can buy $1 for 50 cents, you buy it, but you don't buy property for $1 hoping it goes to $2 because there's no guarantee that that'll happen. In raw land, you know you have a guaranteed. You're paying taxes every year, so just paying taxes on something that's also not returning you anything is a terrible investment, in my opinion. You're speculating. If you want to speculate, just go to the casino, play roulette, pick black or red, and you have roughly a 50-50 shop minus the three greens, but there's a lot easier ways to make money than buying raw land. But shopping centers, triple net properties, there's definitely ways for people to get into that that are much lower risk, and they're not as scary as you'd think. And many banks will finance them. Keith Weinhold 14:18 Now, if you had to buy one commercial asset today, what would that be? I know that might depend on some factors, but generally, I've got to say, industrial comes to mind for me as one of the hottest commercial real estate asset classes in quite a while. Todd Drowlette 14:32 So I would pick two strategies. One would be high bay warehouse, whether it's specifically industrial or just warehouse, but things with high ceilings, open floor plans, like you know, a 20,000 foot warehouse, 30,000 feet, something in that range, that a lot of people want that type of use. Warehouse rents have been increasing way faster than office or retail rents have been in the same markets. And as things get more and more automated, you still need to ship stuff. You still need to. Stuff you still need to get things to people's houses, so with the whole AI boom and the crazy things that are happening, I think there's going to be a lot fewer people with jobs sooner than people realize. But I do think the warehouse is a good thing to be invested in, especially if it's on main streets. It could be retail, could be warehouse, could be whatever. The second thing I'll say that's very low risk are any businesses that Amazon can't compete with you for. So, a small strip center that's two or three tenants, that's a hair salon, a nail salon, service type business, retail tenants, because it's a turnover business. So, like nail salons, they're never going to come to your house and do your nails unless you're a billionaire, because they can make more money with people coming to them in back-to-back appointments. So any type of service business tenant that you can have, and typically nail salons, hair salons, they don't usually go out completely. Usually, if they don't want to do it anymore, they'll sell the business to somebody else, and you keep a tenant. From an ownership standpoint, there's very low turnover and having to pay new brokerage fees or do give tenant fit-ups or free rent to like get their business up and running. So I would either go high bay warehouse with loading docks like 18 foot, 20 foot or higher ceilings, open floor plans, overhead doors, 20, 30,000 square feet, or two or three tenant strip malls with high traffic counts, good suburban locations that have service type businesses. Those are your two. Would be very hard to lose as long as you don't overpay when you buy them. Keith Weinhold 16:25 This is such an interesting thing to say when you think about a resilient business, something that can't easily be disrupted by AI or Amazon, which something like a nail salon would fit into. Tell us about some of those other types that might fit into a small retail center that are resilient that way. Todd Drowlette 16:45 End caps, so any kind of like a Popeyes, a McDonald's, anything that's drive-through or food. Even you're starting to see, you know, the Tesla robots, and you're seeing more and more of that. However, people will still buy the food. So whether the employees are actually still in there, it's all robots. They still physically need a place that's close and convenient for people to drive to, or even the food delivery apps. Like a lot of the retail restaurants now are telling me 30, 40% of their orders are delivery through like Uber Eats and whatever. But those are great tenants to have because they're still making money, and as the world's changing, they're adapting. And I want tenants that adapt to the changing world. And honestly, they can afford to pay more. This is terrible. But from a strictly landlord perspective, the fewer employees they have, you don't have workers' comp claims, you don't have the insurance, you don't have all those things. The more you can afford to pay rent to landlords. So as the world's changing, those type of retail, small strip centers, end caps, fast food, QSR type food, quick serve retail. Those are definitely things that I would be considering if I was someone getting into this, and they're things that I also own. So I always recommend what I would do myself. Keith Weinhold 17:55 Right, and with that commercial tenant, if they're serving fast food, yes, it's not like their customer has to physically show up there at that business for that business to thrive. Todd Drowlette 18:06 And actually, if you have them as a tenant, because of the delivery, like with a drive-through, you're typically only working off one or two miles. But Uber Eats or these other meal services, they're now going out five, six, even seven miles in some places. So that actually means their sales could be higher. And another thing I didn't mention, but now I'm thinking, a lot of restaurant tenants will pay a percentage rent. So actually, as their sales go up, even though there's not more infrastructure, you know, strains from more customers coming in and out of your property, as they're doing the meal delivery, you're actually potentially be getting cut of that as a landlord with percentage rent, which is a thing that doesn't exist in residential real estate, obviously, there's multiple streams of income for triple net properties at times when you have percentage rent that doesn't exist in warehouse, where it's in retail. It doesn't exist in office, doesn't exist in warehouse, doesn't exist in residential. So that can be a nice bonus, and you see that with supermarkets, restaurants, different types of retailers pay percentage run. Keith Weinhold 19:05 Okay, so in a sense, Todd, we've been talking about going against the flow, if you will, in being in businesses that are resilient toward disruption from AI or Amazon. But while we're talking about industrial real estate, warehouses do come to mind for me soon afterward, I think generations ago maybe industrial had the connotation of a dirty factory. But today, when I think about warehouses, I think about Amazon fulfillment centers or AI data centers. So, what is the business like for investing in those sort of warehouse deals, and how do those deals even get put together for these warehouse types. Todd Drowlette 19:42 So you have two types. So you have people who do spec building. So there's guys that will go out and say, "Hey, I'm in the warehousing business, and they'll go through. They'll get approvals and they'll say they'll buy 10 acres, 20 acres, 30 acres, and they'll say, "Okay, we're going to." Put I'm making this up. 500,000 square feet of warehouse on this. They'll go get approved, but they basically will put up a spec building of 40,000 50,000 feet, and then they'll lease it. Depending how long it takes them to lease it, then they'll build the next one. Once you kind of have one building up, it's much easier to prelease. If you just have a piece of dirt and say, hey, I'm going to do a warehouse building here. Unless you have a direct in specifically with Amazon, and they're like, hey, we need to be in Skoda, New York, you know, at this exit within 10 miles of that. And it's like anything. Once you do something for someone once, they're working across the whole country. So if you're particularly good in a specific region as developer, they will often say, "Hey, find me a spot here, here, because they're in the business of getting open and running data centers. They don't care if you're making a profit on the real estate, and they're not set up to locally go through the approvals, know the politicians, know the process, that whole thing. So there's opportunities like that. If you don't know anyone from a hole in the wall, if you have a big piece of property and you start with whatever you're comfortable with to spec out a warehouse, 10,000 feet, 5000 feet. See how long it takes. Do you lease that in six months? Does it take three months? Does it take a year? And then you can kind of take some of the profits from that, either refinance, or if you have a construction loan, then build the next one, build the next one, and build the next one. You can kind of build out as the demand comes along. Keith Weinhold 21:22 You're listening to Get Rich Education. We're talking to the star of the A and E show, the Real Estate Commission, Todd Drowlette. So much when we come back. He's going to update us on what's happening with office to residential conversions, how much higher interest rate pain is still going to surface in some of these deals, and a negotiation tactic or two that you can use for your own residential deals. I'm your host Keith Weinhold. 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What I like is that their team walks you through how it all works, so you can decide if it aligns with your portfolio and income goals. Every investment carries risk, and nothing is guaranteed, but with a track record of consistent, on-time investor payouts, they built real credibility. Todd Drowlette 24:15 Well, I'll tell you about some of the pitfalls, and I'll tell you the huge opportunities. If you have office buildings that are vacant, you know, particularly in downtown municipalities like in Albany, New York, you know, our state capital in New York. Politicians and the government right now are creating a lot of incentives to convert those, where they're putting up grant and giving away millions of dollars to private developers that you don't have to repay. So there's a huge opportunity to have people take on a lot of the risk for you to do it. Some of the pitfalls people get into are you want to pick the right office building to do it for. So you want to a make sure that that office building either has on site parking garages or on site parking because I've seen people try to do it and that. Downtowns where there's no parking, and you can put a lot of money in a building with no parking. And if you're not in New York City, where people are used to, and you're competing against suburban apartments, that's a tough sell. So that's number one. Number two, for whatever reason, people really want in office buildings and downtown settings floor-to-ceiling windows. So you really want to pick office buildings that already have floor-to-ceiling windows because it can be very expensive. If you get over three floors, it can be very expensive to cut out windows and make them larger. And another, this is a huge money potential pitfall if you're not careful. Many municipalities and states have different codes for elevators for residential buildings than they have for office. It makes no sense to me, but office buildings. It has to do with fitting the elevator has to be large enough that you can get a stretcher if someone had a heart attack and needed to be wheeled out. Ah, for some reason, residential buildings require larger elevators, and if your shaft isn't big enough and your car isn't big enough. You could have a million dollars or more of an unexpected expense to either make the shaft bigger. Some buildings you can't even do it. Keith Weinhold 26:08 Well, but if it was originally set up for- Todd Drowlette 26:09 It doesn't make any sense either. This is new. If you have an office building that's 30 stories tall, people could have heart attacks in the middle of the day at the office. So how is that any different than if they're at home in an apartment and have a heart attack, so it doesn't make any sense to me why the code is different for the fire code. But in New York State, the fire code is different, and that can be astronomically expensive, or it can literally stop your project dead in the tracks if it just becomes cost prohibitive to do it. Keith Weinhold 26:34 That's something that I never would have thought about. I generally like to see office to residential conversions revitalizing central business districts in our cities. You know, you talked about the parking before having less need for parking. If people can walk to work and where they work, that increases the walkability of an area. I like so many things about office to residential conversions, despite all the hardships and the pitfalls you have to avoid. Todd Drowlette 27:01 Oh, they're great. You just want to make sure you're picking the right building. So my point is, if you have five or 10 vacant office buildings, mostly vacant office buildings, just make sure you're choosing the right one. And before you buy it, do your due diligence and go through with contractors and engineers and architects that understand all the codes and say, hey, the other positive thing that saves money in office conversions is most office buildings. If you have an elevator bank, typically have bathrooms directly across from the elevator bank, so water and sewer can be very expensive when you're running apartments. So having central lines going up through usually concrete floors can save you a ton of money in the design and the layout of how you place the units and do it around central bathrooms, but typically larger office buildings will have plumbing and sewer on different parts of the floor. So it just means you have to go less distance and it saves money. And a lot of office buildings, even older ones, have higher ceilings, which today is very desirable for apartments. So if you can have a building that has natural light, high ceilings, and you can get grant money to do it, that's definitely something people should look into. And even with a smaller building, I've seen people in New York people are converting 5000 foot office buildings into like five units. You know, there's money to be made. You just have to buy right. I always say, you know, if you can buy $1 for 50 cents. Buy it. Don't buy $1 and hope it goes to $2 A Keith Weinhold 28:25 lot of these physical limitations, oftentimes in the office to residential conversion, and Todd in the residential world, oftentimes apartment buildings have been problematic. A lot of these syndicators have had their deals blow up because in 2022 or earlier they got five to seven year fixed rate debt. Those deals are coming due. The mortgage payments double, and a lot of times the operator just can't meet it, and it blows up. And apartment building values have been down about 30% nationally, largely for that reason, even though an apartment building owner gets a commercial loan, I still want to know from the commercial side and the commercial use type how much higher interest rate pain do you see that has surfaced and is still going to surface. Todd Drowlette 29:17 So, I'll answer this by quoting my grandmother. She said, "Anytime you want to cook, whatever size pot you think you need, pick twice that size pot and start using that. Keith Weinhold 29:29 Yeah. Todd Drowlette 29:29 So I say the same thing when you're financing a deal or you're writing it out and seeing what your returns are. I always say to people, make sure that you have a big enough cushion in there for all the things you can never predict in commercial loans, there's a ton of guys that are about to lose their shirts, and you're starting to see it because, unfortunately, I don't know if it's true in residential real estate, but in commercial real estate, I've seen guys go from nothing to 50 million, 100 million, $200 million net worths, but I've also seen. Lose everything. So what happens in commercial real estate that you don't want to do is so many people say OPM, use other people's money, use other people's money, use other people's money, which is fine as a strategy. But what you don't want to do is cross collateralized loans. So if you have one property and then you go, oh, let me refinance that and then buy a next property and I'll refinance that and buy the next property, and then the bank's like, okay, we'll refinance that, but we're going to now tie all these properties together as one mortgage, or you're going to cross guarantee these properties. Right. The problem with that is, the people who do that strategy, if you started at that, you know, in 2021 when interest rates, you could get things at three and three quarters percent. Well, commercial loans are five-year loans typically, and they might have 20 or 20-five-year amortizations. So, unlike a residential mortgage that's a 15 or 20 or 30-year self-amortizing loan, they're not. At the end of five years, you have a balloon payment that you have to pay off. So, if interest rates are going down, that's amazing because if your tenants are the same, and even if your rents didn't change, and you bought something at 6% and now it's at 5% Your cash flow goes up significantly, and nothing happened other than your refinance. The problem is you have a ton of guys right now, guys, women, people that were financing stuff five years ago at three and three quarters, and now interest rates are hanging six and a quarter, six and a half, depending on the property, is might maybe seven. Same tenant, same everything. You're giving the keys back to the bank because you're broke now. Because all of a sudden you're financing, you squeeze too much out of the deal. I always say you can take on the in in or you can take on the out, but you can't have both. So when people are financing stuff, they just need to make sure. Like here's another thing I'll go off on. A lot of people will buy stuff with tax credits, and you see even with residential apartments, a lot of guys are financing that, selling people tax credits. Economies and things change and things move. If a deal is so tight that you need the tax credits to make the deal make sense, yeah, don't do the fricking deal because tax credits should be an added bonus. That's just, hey, that's a nice adding to the cushion. So many people have razor thin margins. They go, oh well, I do the tax credits. If I can get 70 cents on the dollar, this is how I make the money. I tell people I will have nothing to do with tax credit deals unless it's strictly a bonus. The deal has to stand on its own, and always assume in the course of five years interest rates could go up three points or down three points. Most people will not listen to me and will not do that. If you do that, you'll never get killed and you won't lose a property. It's super conservative, but there's enough money you can make, and if you buy it right, that's how you can afford to figure that spread in when you're financing something. But just so many people get greedy, and I just think back to my friend Bob Bear, who died. I met him when he was like 70-five. He was a billionaire, self-made, and he used to say to me, "It's not what you make; it's what you keep. And when people would ask how rich are you, he knew how rich he was. He would say, "I don't owe anybody in the world a dime. Todd Drowlette 32:59 And to me, my entire strategy is I don't owe anybody in the world a dime. So I personally look at deals and say, out of my own cash flows, what can I buy? And instead of buying four properties a year, I might buy one property a year. But if I'm buying that and compounding my returns, I'm not paying interest to the banks. So it's just a different strategy. I sleep at night. I'm like the multimillionaire next door. I don't live extravagantly. I don't drive Ferraris and Rolls Royces. That's just not my thing. But I sleep at night and I have peace, which is important to me, knowing I don't owe anybody in the world a dime. But will I get as rich as the guy who's risking everything? No. But real estate to me is musical chairs, and the music always stops at some point. And there's never enough chairs for everybody. But if you're somebody who's in a cash position, which you're going to be going through in the next six months to a year, on the residential and commercial, I think there's going to be blood in the streets. And I think people who are sitting in cash are going to have like a once in a lifetime opportunity to buy things at a deep discount. Keith Weinhold 34:02 Philosophically, we're different in one way. I use debt and leverage to grow larger, but ensuring that I do have enough income to cover the mortgage and all the operating expenses. But Todd, to your analogy about your grandmother in selecting a bigger pot than what she would need to cook whatever she's going to do, when it does come to debt, the last time I bought an apartment building myself, which wasn't recent, I could have chosen seven-year fixed-rate debt with a balloon at the end, or 10-year fixed-rate debt with a balloon at the end. The 10-year fixed-rate debt cost me one quarter of a percent more in mortgage rate, which dented my cash flow during the entire duration of that loan. But I did indeed choose that 10-year loan in order to have that much more certainty, and I sure am glad that that's what I did. Todd Drowlette 34:54 That's always the game because it's people think that rich people know what you don't, or it's inside. Whatever I'm like. Number one, if you sit in a room with a bunch of rich people, yes, they will work against you if it benefits them to work together. But if it doesn't, you have egos and separate interests that are all competing. And there's always that thing of I know very very rich people who could buy and sell me 100 times over, and I also know that you don't know what you don't know, and the world has gotten so complicated, and financial markets are all intertwined globally. Anyone to be able to predict, it's like it's a crapshoot when you're like, okay, do I take seven years? Where do I think interest rates will be in seven years? It's hard to say where interest rates going to be tomorrow. You ask a banker tomorrow, they can't tell you. So it's like, what's your best educated guess of seven or 10 years? What's the better play? But I always go the conservative route. Keith Weinhold 35:43 I think it's easier to predict the future direction of capital prices than it is interest rates. Myself, Todd Drowlette 35:50 but I will say also, I am the exception. And if you have 100 other guests on here in the next year, well, 50-one more guests in here the next year, yeah, they would all say Todd's an idiot. That's terrible advice. If you want to get rich, literally leverage, leverage. Just do it intelligently, and I acknowledge that. I don't see the world the way other people do, but my end game is to be rich and comfortable, and to sleep at night with peace. And that's why I choose to do what I do, realizing I'm giving up. It's the you know what are you giving up to what do you gain benefit analysis, and I'm realizing I'm giving up some upside in my total potential net worth. But I like peace, and you know I had anxiety for years. I don't have it anymore, and I live my life to be as anxiety free as I can possibly be. Keith Weinhold 36:34 That's interesting, and that certainly works for you, Todd. What's one negotiation tactic that you get from dealing with, well, let's say Decca or Centa million dollar commercial deals that our listeners could use the very next time that they buy a rental property. Todd Drowlette 36:53 So the number one mistake I think people make is they assume what's motivating the other person, and they assume it's always price. So anytime I'm going to negotiate a deal from someone, whoever has the most information always wins, and whoever doesn't need the deal always wins. Yeah. So I want to know as much about that other person on the other side as I am. Are they going through a divorce? Are they desperate? Do they hate each other? Is it a partnership breakup? Did somebody inherit it and they live five states away and don't even know what this thing is worth that they have. So the number one thing from a negotiating standpoint is understand exactly who you're negotiating with and what's motivating them. From an actual tactic standpoint, just think logically through whatever the process is, and you can always go up. You can't go down. So the key is to offer as little as you can without insulting the person, so they don't even respond. So figure out what that fine line is, and before you go into the negotiation, know what your walk away number is. That's just the point you're not getting over. The fast way to lose in a negotiation is to get stuck in a bidding war. There's nothing I want so much that I'm going to overpay for it. So when people go, "Well, if somebody else is interested, I go then sell it to them. Yeah, I don't need it. Sell it to them. And then the other thing I'll say is, if you start the negotiation, this is the one piece. Say your number and shut up. So many people are scared of silence. And then, right, if the person doesn't immediately respond, they go, "Oh, well, I guess I offered you 500,000 I mean, I guess I could go 550. As soon as you talk after you give a number, you're negotiating against yourself. So throw the number, let it land wherever it lands, and do not talk until that person responds to you. That's like the number one mistake I see people do. They throw out a number, they get nervous with the silence, and then they immediately go up in their offer. That person could have been thinking, "Oh my God, did I forget to call back my whatever? And they're not even thinking about the number you just threw out. But people just assume, oh God, the number was too low, and then they negotiate against those. Do not do that. Keith Weinhold 38:48 Risk the awkward silence. And yes, to your point about learning more about the other side, terms are often more important than price for sure. Well, Todd, you know a lot of commercial real estate content in mainstream media it tends to focus on these big institutional deals. But what has made your A and E show interesting, the Real Estate Commission, is what it's called. Is it focuses more on sort of leasing and this negotiation that we're just touching on there, and that's what makes you interesting. So tell us about what audiences can expect for season two of the Real Estate Commission on A and E. Todd Drowlette 39:24 So, season two, you will 100% see real landlords, real brokers, real investors. You'll see real retailers. You'll see people relocating their offices in New York City. You'll see stuff in upstate New York. It's generally in the Northeast. In the first season, we helped a kitchen cabinet manufacturer relocate their suburban offices in Philadelphia. I sold a 50-unit HUD property that has a HAP contract you might be familiar with. That was crazy going through a bankruptcy foreclosure proceeding two year. That was crazy. Yeah, so you are going to. See more of that. It's a documentary. It's not a reality show, so you're watching the deal as it unfolds. Some things have happy endings. Some things have terrible endings, but they're real endings either way. So people will see a lot of that of deals happening in the Northeast. And if someone's listening and they're a business owner and they want to be part of the show, they can apply. We're announcing the casting will be open for about three weeks across the U.S. They can go to the realestatecommission.com/forward/tv and they can apply to be part of the show. Keith Weinhold 40:32 Now, since you started this last year, I want to ask: Has this A and E exposure helped you generate more business and create traffic? I would really think so. Todd Drowlette 40:42 Yeah, I wasn't sure. You know how because you never anything new. You never know, right? Like I put time and energy into it. It definitely did. Definitely, people start to notice you, which is a little weird. I was in a cell phone store, and they literally it was playing, and the guy's like, "Oh, it's you! Like, and then everybody who's walking in, he's like, "Hey, look, it's the guy on TV. He's right here. That was like kind of an awkward. Like, I'm like, "Okay, this is weird. Guy was excited, so that was fine. It's an adjustment of things, but it definitely has increased our overall visibility and people reaching out to do deals with us for sure. Keith Weinhold 41:18 Is there any last resource you'd like to tell our audience about. Todd Drowlette 41:21 I would just quickly announce the first season did so well. We're actually doing a spinoff show that'll also air on A and E called the Real Estate Commission New York that we're casting in upstate New York as well as New York City for brokers, agents, home sellers, home buyers that will actually document real buyers, real sellers, same thing. It'll follow our format, which I know there's a million shows on TV about real estate. Those are reality shows, not docu series. And I'll say, without going into the details, there's a very big difference between those two and what you're actually seeing on camera and what's happening. That will air in March of 2027, back to back with our show, I will make cameos in that. But I'm executive producing that show, so from your residential audience, that's a show they should tune into. I think they'll get a lot out of it. Keith Weinhold 42:12 Congratulations! Your show has had so much success that it's setting the template for another show, and it has been most interesting since we first had you here last year to follow this along, Todd Drowlette. It's been a valuable chat. Thanks so much for coming back onto the show. Todd Drowlette 42:28 I'd love to come back anytime, and thank you so much for having me on again. I appreciate it. Keith Weinhold 42:38 Drowlette is spelled D R O W L E T T E. Todd and I talk a good bit off mic as well. In addition to the elevators, sometimes he emphasizes how cumbersome to impossible HVAC system compatibility is when you're doing office to residential building conversions. Too, you just never seem to hear about an easier than expected office to residential property conversion. It is most interesting and rare that Todd is not much of a leverage guy at all. Whereas in the vein of financially free beats debt free, I like to approach deals where the interest cost is lower than the expected opportunity cost. When it comes to negotiating, some of Todd's approach, you know, it's similar to what prominent hostage negotiator Chris Voss shared with you here on the show a few years ago. That silence is powerful in negotiating. In fact, if you feel like you need to say something to fill the silence. Use what Chris Voss calls the mirroring technique, and the mirroring technique that is simply repeating what the other party just said, kind of like a parrot would. For example, if you're trying to buy a property and the seller says that the best they can do is sell it to you for 550k and a delayed 90-day close. Reply with 550k and a 90-day close, and then listen to see if the seller comes down from there. Or instead, you can simply say nothing and just sit there with the silence like Todd recommended. The reason I like these particular negotiating techniques right here is that they're easy to remember and they're easy to do. You either remain silent or, per the mirroring technique, you just repeat the last words that the other party said. Thanks to Todd Drowlette today, you can check out the real estate commission on A and E Coming up here on the show soon. Back to residential, where for the first time ever on the show here we discuss what might be the greatest real estate cash flow strategy because it's becoming quite popular today. Until next week, I'm your host Keith Weinhold. Don't quit your daydream. Speaker 1 45:08 Nothing on this show should be considered specific, personal, or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively. Keith Weinhold 45:36 The preceding program was brought to you by your home for wealth building getricheducation.com

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OPM's governmentwide HR system in the clear on post-award GAO bid protests

Play Episode Listen Later Jul 27, 2026 5:34

Post-award bid protests filed at the Government Accountability Office will not hold up the Office of Personnel Management's rollout of a governmentwide HR system. OPM spokeswoman McLaurine Pinover confirmed to FedScoop via email that all companies that were entitled to and requested a debriefing received one, and that all debriefings were completed “well over 10 days ago.” Per rules that govern bid protests before the GAO, that means that the nearly $400 million award the agency made to Oracle in June can no longer be challenged before the watchdog agency's adjudicatory body. The eventual 10-year award to Oracle came after a rocky start for the push to build a governmentwide HR platform. OPM initially awarded a sole-source contract — one without a competitive bidding process — to Workday in May 2025 to facilitate the Trump administration's HR modernization efforts, only to walk the award back shortly thereafter. OPM eventually launched open competition for a contract to establish a governmentwide HR system. That contract faced pre-award protests from IBM and Economic Systems, Inc., which were withdrawn or resolved, freeing up the agency to make its award. And ultimately, Oracle was announced as the winner. Most of the Technology Modernization Fund's projects have yet to achieve expected cost savings, according to the Government Accountability Office, but there's big money to be saved on the horizon. Two dozen projects are expected to reach savings of more than $1 billion, a figure that exceeds total TMF investments across its broader 68-project portfolio. Nearly a dozen of those have realized a combined $13.5 million in savings, while another 13 have not achieved savings at all, according to the GAO audit published Thursday. “While savings thus far have been small, the amount is not unexpected given that 21 projects — with expected savings of about $1.04 billion, or 98.3 percent of the total — anticipate achieving their savings in fiscal year 2027 or later,” the watchdog said in its report. Six TMF-funded projects that expected cost savings have been completed. Two were on track to meet their cost savings target. The watchdog found that the others missed the mark. A General Services Administration project went through “a major change that descoped planned work and reduced expected savings,” per the report. At least one other project met a similar fate, leading to less savings than initially planned. Higher-than-expected migration and transition costs led another project's predicted savings to not materialize. Seven other projects were cancelled. The Daily Scoop Podcast is available every Monday-Friday afternoon. If you want to hear more of the latest from Washington, subscribe to The Daily Scoop Podcast on Apple Podcasts, Soundcloud, Spotify and YouTube.

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'Music brings us together': OPM legends unite to give Filipinos in Australia a taste of home - OPM icons, hatid ang musika at alaala ng Pilipinas sa mga kababayan sa Australia

Play Episode Listen Later Jul 27, 2026 7:36

Ahead of the highly anticipated ASAP XP Australia 2026 concert in Sydney, OPM legends Regine Velasquez-Alcasid, Ogie Alcasid, Martin Nievera, Zsa Zsa Padilla, Angeline Quinto, and Erik Santos shared that the show is not just about entertainment but about reconnecting with overseas Filipinos through music that has become part of their lives. - Bago ang sumalang sa ASAP XP Australia 2026 sa Sydney, ibinahagi ng mga OPM legend na sina Regine Velasquez-Alcasid, Ogie Alcasid, Martin Nievera, Zsa Zsa Padilla, Angeline Quinto, at Erik Santos na higit pa sa isang konsiyerto ang kanilang pagbisita sa Australia. Para sa kanila, isa itong pagkakataong muling makaugnay ang mga Pilipinong naninirahan sa ibang bansa sa pamamagitan ng mga awiting naging bahagi ng kanilang buhay.

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ASAP Australia Concert, Filipino fans reveal the artists they are most excited to see - Mga Pilipino sa Australia, sino ang pinakaabangang artist sa ASAP Australia Concert?

Federal Workers Compensation Coffee Break

Play Episode Listen Later Jul 25, 2026 4:17

More than 30 Filipino artists, OPM singers, and performers have arrived in Australia for ASAP XP 2026, one of the biggest concerts for the Filipino community in the country. - Nasa Australia na ang mahigit 30 artista, OPM singers, at performers mula sa Pilipinas para sa ASAP XP 2026, ang isa sa pinakamalaking konsyerto para sa komunidad ng mga Pilipino sa bansa.

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Eggs 476: Reimagining Life After Sports with Eric Dahl

EGGS - The podcast

Play Episode Listen Later Jul 23, 2026 53:22

SummaryIn this episode, Ryan Roghaar interviews Eric Dahl about his journey from real estate to marketing, and his focus on helping athletes transition after sports. They discuss the importance of identity, leveraging skills, and building a successful post-sports career.TakeawaysEric Dahl's career journey from real estate to marketingThe importance of identity for athletes transitioning out of sportsThe Athlete 5 blueprint and its pillars: purpose, mental health, physical health, spiritual well-being, relationshipsThe impact of NIL and sports commercialization on athletes' choicesStrategies for athletes to leverage discipline and skills in new careersThe significance of networking and relationships in career transitionsThe role of self-assessment and introspection in finding purposeChallenges faced by athletes with career-ending injuries or unexpected exitsThe book 'Winning the Post Game' and its approach to life after sportsAdvice for young athletes and their families on planning for life after sportsChapters00:00 Introduction and guest background01:07 Eric Dahl's career journey from real estate to marketing04:15 Why sports has been a lifelong passion for Eric06:48 The shift in sports and athlete opportunities over the last decade11:51 The importance of identity for athletes and their post-sports life17:42 Building a support network and making meaningful connections30:39 The Athlete 5 blueprint and how it helps athletes transition43:45 Overview of the book 'Winning the Post Game'50:36 The impact of NIL and sports commercialization52:33 Closing remarks and how to connect with Eric DahlLearn more: https://www.athlete5.comhttps://www.athlete5.com/bookhttps://www.linkedin.com/in/dahleric/Credits:Hosted by Ryan RoghaarProduced by Ryan RoghaarTheme music: "Perfect Day" by OPM The Eggs Podcast Spotify playlist:bit.ly/eggstunesThe Plugs:The Show: eggsthepodcast.com@eggsthepodcast on X and InstagramMike "DJ Ontic": Shows and info: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠djontic.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@djontic on twitterRyan Roghaar:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠rogha.ar⁠⁠

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Brunner Presumption - Medical Disability Retirement with OPM-FERS

Play Episode Listen Later Jul 23, 2026 30:16 Transcription Available

What Is the Bruner Presumption?Facing a potential adverse action due to a medical issue as a federal employee can be incredibly difficult and stressful. However, a powerful but often underutilized tool — the Bruner Presumption — can significantly strengthen your FERS disability retirement application if you understand the ins and outs of this tool in your disability application. Stemming from the 1993 Federal Circuit case Bruner v. OPM, this presumption kicks in when your agency takes an adverse action (like removal or termination) based on your medical inability to perform the essential functions of your job.The Game-Changer: Burden ShiftingNormally, you carry the full burden of proving to OPM that you're disabled and unable to do your job. But with the Bruner Presumption, your agency's own action becomes prima facie evidence of disability. This shifts the burden from you proving your disability to the agency along with OPM must now produce their evidence to disprove your entitlement. It's a major strategic advantage.For more information click on the show's transcript...For more information on this topic click on the show transcript...The podcaster is Dr. Stephen Taylor, OWCP medical-legal consultant & DOL expert for Oberheiden Law Firm. Dr. Taylor's contact email information is:fedcompconsultants@protonmail If you need a medical provider or assistance with an OWCP / DOL claim in Pensacola, Tampa or Jacksonville Florida you can make an appointment to see Dr. Taylor at the clinic at FWC Medical Centers or check out the webiste at fedcompconsultants.com To make a consultation with Dr. Taylor call the clinic at 813-215-4356 in Florida.For responses email Dr. Taylor at fedcompconsultants@protonmail.comSupport the showFor responses email Dr. Taylor at fedcompconsultants@protonmail.comSupport the showFEEDSPOT TOP 10 National Workers Compensation Podcast: https://podcast.feedspot.com/workers_compensation_podcasts/?feedid=5557942&_src=f2_featured_email

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OPM moves forward with its transformational HR contract

Play Episode Listen Later Jul 21, 2026 25:32

Throughout 2026, you cast your nominations for the FedScoop 50, and the results are in. Hundreds of top executives from across the government tech landscape are now up for vote to see who will be honored among this year's FedScoop 50. Voting is open now and runs through September 26. Make your voice heard to help us select who will be recognized on this year's list. One of those nominees in the prestigious Golden Gov category for this year is OPM Director Scott Kupor. Kupor recently sat down in the Daily Scoop Podcast studio to share updates on OPM's ongoing federalwide modernization initiatives, from the latest on Tech Force to what's next now that the agency has awarded Oracle its massive HR 2.0 contract. The Daily Scoop Podcast is available every Monday-Friday afternoon. If you want to hear more of the latest from Washington, subscribe to The Daily Scoop Podcast on Apple Podcasts, Soundcloud, Spotify and YouTube.

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Federal Retirement Acronyms Explained: FERS, CSRS, TSP, FEHB, SRS & More

Security Clearance Careers Podcast

Play Episode Listen Later Jul 16, 2026 29:12

Spend enough time around federal retirement and the acronyms start flying — and it starts to feel too late to ask what they mean. Charles and Marcus decode the alphabet soup in plain English: FERS (and RAE/FRAE), CSRS and CSRS Offset, TSP, FEHB, FSA, FEGLI, MRA, VSIP/VERA/DRP, SRS, SCD, OPM, ORA, AUO/LEAP, the SF forms, and CSA. Grab the free Acronyms Cheat Sheet in the description.Fill out the form and download the cheat sheet here: https://perspectivefunnel.co/682642d22275ec003bfa6626/6a445b182446fd510fd3af9b/Chapters:0:00 The Acronyms You're Afraid to Ask About2:03 FERS (RAE / FRAE)4:24 CSRS & CSRS Offset5:37 TSP6:23 FEHB & Open Season8:53 FSA10:04 FEGLI11:25 MRA12:44 VSIP, VERA & DRP14:24 SRS18:00 SCD, OPM & ORA23:06 AUO & LEAP25:00 SF Forms27:30 CSA + Free Cheat SheetCTA: Apply for a Retirement Consultation: https://perspectivefunnel.co/682642d22275ec003bfa6626/691df07396253e003c42b434/?ps_hello=Disclaimer: Educational only; not advice. Verify with OPM/TSP.gov. Advisory services through CD Financial LLC dba CD Financial (CA); insurance through CD Financial & Insurance Services LLC.Support the show

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The New Rules of Suitability: What OPM's Vetting Changes Mean for Your Career

Play Episode Listen Later Jul 15, 2026 27:08

The federal personnel vetting landscape is evolving—and understanding the changes has never been more important. In this episode of Security Clearance in Security, host Lindy Kyzer is joined by former OPM suitability expert Bill Pedersen to unpack the biggest updates to federal suitability regulations, Trusted Workforce 2.0, and continuous vetting.They explain how OPM's reforms are creating greater consistency across agencies, what post-appointment suitability actions mean for federal employees, how new reporting capabilities could improve government-wide visibility, and why understanding your position designation has become increasingly important. Whether you're a federal employee, contractor, facility security officer, or security clearance holder, this conversation breaks down complex policy changes into practical insights you can use to better navigate today's personnel vetting environment. Hosted on Acast. See acast.com/privacy for more information.

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Federal retirement processing times are slowing down

Federal Newscast

Play Episode Listen Later Jul 10, 2026 7:28

Federal retirement processing times are slowing down. During June, it took OPM an average of 108 days to process a retirement claim, according to the agency's latest data release. Processing times for digital-only applications averaged 96 days. That's a full 30 days longer than the previous month's average. But at the same time, OPM's retirement claim inventory in June was the lowest it's been all year, coming in at just under 34,000 pending applications. OPM received close to 9,000 new claims last month and processed nearly 13,000.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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A new OPM rule will expand how federal agencies make workforce decisions

Play Episode Listen Later Jul 10, 2026 8:02

Hiring someone is only the beginning of the government's relationship with an employee. A newly finalized OPM rule expands the agency's authority to pursue suitability actions for certain misconduct that occurs after hiring, raising new questions about accountability and workforce management. Federal News Network's Eric White spoke with Michael Fallings, Managing Partner at Tully Rinckey, to find out more about what is changing.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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The Federal Drive with Terry Gerton - - Friday, July 10, 2026

Play Episode Listen Later Jul 10, 2026 47:53

Today on the Federal Drive with Terry Gerton In the military, mission success depends on understanding what people can actually do—and matching them to the missions that need them For pregnant Medicaid patients, finding care depends on information that's supposed to point them in the right direction, but may not Federal agencies make thousands of decisions about the workforce every day. A new OPM rule could expand how some of those decisions get madeSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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OPM finalizes performance review overhaul for federal employees

Play Episode Listen Later Jul 9, 2026 6:31

An overhaul to the federal workforce's performance management system is now set in stone. A final rule from the Office of Personnel Management removes a previous ban on using forced distribution system. It also prohibits employees from challenging the ratings they receive. OPM's new rule marks the first major update to performance management in decades. Here with more, Federal News Network's Drew Friedman.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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THE BASTOS PODCAST SEASON 5 ep 92- FILIPINA RNB DUO CHELLY AND KACELYN

THE BASTOS PODCAST

Play Episode Listen Later Jul 8, 2026 72:22 Transcription Available

Chelly and Kacelyn are an emerging Filipina R&B duo carving out their own lane in the growing landscape of modern OPM and Asian R&B. While detailed public profiles are still limited — a sign of how early they are in their rise — their presence reflects a new wave of young Filipina artists blending soulful vocals, contemporary R&B production, and a distinctly Pinay sensibility. Their sound fits into the broader movement of Filipino R&B, a genre that has been gaining global attention thanks to artists who merge Western R&B influences with Filipino storytelling and emotional depth Support the show

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Federal Retirement Acronyms Explained: FERS, FEHB, FEGLI, CSRS, High-3 & More

Play Episode Listen Later Jul 8, 2026 11:28

Which acronym tripped you up the longest — FERS, FEGLI, SRS, or MRA? Drop it below

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OPM seeks to decentralize, revise governmentwide federal employee survey

Play Episode Listen Later Jul 7, 2026 6:32

The Office of Personnel Management plans to take a more hands-off approach to the Federal Employee Viewpoint Survey. A new proposal would make agencies, rather than OPM, responsible for surveying their own employees. OPM is also seeking to cut some currently required questions and add back in some different ones. Here with more, Federal News Network's Drew Friedman.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Three proposed changes to the process to remove federal employees

True Wealth Investors Podcast

Play Episode Listen Later Jul 6, 2026 12:17

The Office of Personnel Management wants to make easier to remove federal employees for performance or misconduct reasons. In a new 81-page proposed rule that came out last week, OPM and the Merit Systems Protection Board are jointly seeking to change the administrative procedures used to fire employees and the review of such actions before the board. For more on the proposed changes, Federal News Network executive editor Jason Miller joins me now to discuss.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Ep. 238 - Fatal Financing Mistake #2: Why Leaving Money in the Deal Kills Your Growth

Play Episode Listen Later Jul 2, 2026 14:59

Are you growing your rental portfolio as fast as you'd like, or are you stuck in the "saving for a down payment" cycle? In this episode of the One Rental to Freedom podcast, Chad Harris breaks down the second fatal financing mistake: leaving your own money in the deal.Learn how to leverage appreciation and "Other People's Money" (OPM) to recycle your capital and scale your portfolio exponentially. Chad compares two real-world scenarios showing how one method leads to millionaire status in just five years, while the other leaves you years behind. Don't let your own cash hold you back from financial freedom!Visit our website at www.TrueWealthInvestors.com for more real estate wisdom and resources. More Resources & LinksStruggling to get started in Real Estate or feel like you are struggling to get to the next level? Check out this Free Vision Casting Video to help clarify your goals and get specific steps to accomplish them!Schedule a 30 Minute Discovery Call with Chad Accelerate the growth of your business and reclaim control of your life! Are you tired of your business running you instead of the other way around? It's easy to get bogged down in the day-to-day operations, making it challenging to identify overarching challenges and solutions. Let's schedule a call to gain a strategic 10,000-foot perspective and devise a tailored plan for your success. Take the first step towards a business that not only thrives but also enhances your life! Connect with Chad on LinkedInFollow Chad on InstagramFollow Chad on YouTubeFollow True Wealth on FacebookBe sure to leave a rating & review to let us know how this show has helped YOU!

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Federal Retirement Mid-Year Check-In: Are You Still on Track to Retire within 5 Years?

Play Episode Listen Later Jul 1, 2026 7:47

1. High-3 & step increases — a step increase only lifts your High-3 for the time you're actually in it (stay ~3 years for full credit)2. TSP allocation — does it match your goals? Start taking risk off the table ~3 years out if you'll need the money for income3. Buy back your military / pre-1989 temp time — file SF-3108 now; it takes 6–9 months and must be done before you retire4. TSP catch-up & the age 60–63 super catch-up — are you on pace to max it before year-end?5. The survivor benefit election — the one-and-done decision couples keep putting offPlus the non-financial one most people miss: what are you retiring TO?Get the Mid-Year Check-In Checklist:https://perspectivefunnel.co/682642d22275ec003bfa6626/6a445b182446fd510fd3af9b/Apply for a Retirement Consultation:https://perspectivefunnel.co/682642d22275ec003bfa6626/691df07396253e003c42b434/?ps_hello=Get the Digital Federal Retirement Guidebook:https://cdfinancial.org/being-a-federal-employee-book/Subscribe for Weekly Federal Retirement Planning Content:https://cdfinancial.com/newsletterWe're halfway through 2026 — the moment most federal employees realize they set goals in January and haven't looked since. If you're within five years of federal retirement, this is your mid-year check: five things to review NOW, not in December, so a small move today keeps your retirement on track.Some of these can't be fixed at the last minute — a military buyback alone takes 6–9 months. Run them at the halfway mark and you stay in control.━━━━━━━━━━━━━━━FEDERAL RETIREMENT RESOURCES━━━━━━━━━━━━━━━Thrift Savings Plan (Official):https://www.tsp.gov/OPM — Military Service Credit / Deposits (SF-3108):https://www.opm.gov/retirement-center/fers-information/creditable-service/OPM — FERS Survivor Benefits:https://www.opm.gov/retirement-center/fers-information/survivor-benefits/━━━━━━━━━━━━━━━TIMESTAMPS━━━━━━━━━━━━━━━0:00 Halfway Through 2026 — Are You On Track?0:33 #1 Step Increases & Your High-31:08 TSP Allocation vs. Your Goals1:48 #2 Buy Back Your Military Time (SF-3108)3:24 #3 The TSP Super Catch-Up (Ages 60–63)4:40 #4 The Survivor Benefit Conversation6:30 #5 What Are You Retiring TO?7:28 Watch Next: You Don't Have to Work Longer━━━━━━━━━━━━━━━WHO WE ARE━━━━━━━━━━━━━━━CD Financial helps federal employees and retirees make smarter retirement decisions around FERS, TSP, FEHB, Medicare, survivor benefits, and retirement income planning. Our mission: help federal employees retire with more clarity, confidence, and peace of mind. Subscribe for practical federal retirement planning content — where health meets wealth.━━━━━━━━━━━━━━━IMPORTANT DISCLAIMER━━━━━━━━━━━━━━━Advisory services are offered through CD Financial LLC dba CD Financial, an Investment Advisor in the State of California. Insurance products and services are offered through CD Financial & Insurance Services LLC, an affiliated company.This video is for educational purposes only and is not financial, legal, tax, healthcare, or investment advice. TSP limits, catch-up amounts, and federal rules change yearly and depend on your individual service history. Always verify current figures at TSP.gov and OPM and consult qualified professionals before making elections.Opinions expressed are solely those of CD Financial. Information herein is derived from sources believed reliable but is not guaranteed as to accuracy or completeness. All ideas should be discussed with your individual adviser prior to implementation.#FederalRetirement #FERS #TSP #SurvivorBenefit #RetirementPlanning #CDFinancialSupport the show

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OPM offers incentives for healthcare and insurance employees to leave before Open Season

Play Episode Listen Later Jul 1, 2026 5:48

The Office of Personnel Management is giving many employees in its healthcare and insurance division another chance to accept voluntary incentives and leave their jobs, ahead of their busy season. OPM is giving most employees working there another shot at the deferred resignation program that will allow them to go on paid administrative leave for six months before leaving the agency. OPM is making these changes ahead of an agency reorganization and Open Season. Federal News Network's Jory Heckman has more. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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BINI, ASAP, and more: Every concert from the Philippines coming to Australia, July–December 2026 - BINI, ASAP, atbp: Listahan ng mga konsiyerto mula sa Pilipinas na darating sa Australia, Hulyo–Disyembre 2026

Play Episode Listen Later Jun 27, 2026 3:12

From July to December 2026, a massive lineup of legendary OPM acts and contemporary Philippine stars will take the stage across Australia. - Mula Hulyo hanggang Disyembre 2026, isang malaking lineup ng mga maalamat na OPM act at mga kontemporaryong bituin mula sa Pilipinas ang sasakyod sa entablado sa iba't ibang dako ng Australia.

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The Mid-Year Federal Retirement Checklist Most Employees Skip (5 Things)

Play Episode Listen Later Jun 25, 2026 33:26

Show-notes summary:We're halfway through 2026 — the moment most federal employees realize they set retirement goals in January and haven't looked since. Charles and Marcus walk through five things to review now, not in December: knowing your High-3 (and how step increases and COLAs really affect it), buying back military time before it's too late, the TSP "super catch-up" for ages 60–63, the survivor benefit election couples keep avoiding, and the non-financial question that derails more retirements than money does — "what are you retiring TO?"Chapters:0:00 The Mid-Year Reality Check0:57 Health Tip: "Don't Let the Old Man In"3:24 #1 Know Your High-3 (Step Increases & COLAs)5:25 TSP Allocation: Income vs. Growth Money9:58 #2 Buy Back Your Military Time14:13 #3 The TSP Super Catch-Up (Ages 60–63)24:44 #4 The Survivor Benefit Election Couples Avoid28:48 #5 What Are You Retiring TO?32:35 Get Your Written Retirement Income PlanCTA: Apply for a Retirement Consultation (our Charted Retirement Course): https://perspectivefunnel.co/682642d22275ec003bfa6626/691df07396253e003c42b434/?ps_hello=Disclaimer: Educational only; not financial, legal, tax, or investment advice. TSP limits and federal rules change yearly — verify current figures at TSP.gov and OPM. Advisory services offered through CD Financial LLC dba CD Financial, an Investment Adviser in the State of California; insurance through CD Financial & Insurance Services LLC.Support the show

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12 Retirement Income & Tax Terms Federal Employees Get Wrong (And It Costs Them)

Play Episode Listen Later Jun 23, 2026 14:19

Which of these terms confused you the most before today — Roth vs. Traditional, RMDs, or capital gains? Tell me below

Trump's FEMA nominee is planning an IT overhaul

Play Episode Listen Later Jun 18, 2026 5:07

The Federal Emergency Management Agency might undergo a major change to its IT operations if President Donald Trump's nominee to lead the Department of Homeland Security unit is confirmed. Cameron Hamilton, Trump's pick to lead FEMA, told Senate lawmakers during a Wednesday hearing some of the tools and technology that FEMA uses are a bit antiquated and that if he's confirmed, he's planning to do a significant IT overhaul of the entire agency for better accountability. Hamilton would be the first permanent leader of FEMA in Trump's second term. The agency has gone through four different acting administrators, including Hamilton, whose stint lasted from January-May 2025. The instability at its helm is representative of the turmoil throughout FEMA, which has seen its net workforce contract by nearly 4,000 since 2025. More than half of those departures occurred in the first four months of 2026, according to OPM's Federal Workforce Data website's latest update in April. FEMA was especially impacted by the historically long DHS shutdown earlier this year, with its operations scaled back to the bare minimum. The Environmental Protection Agency has run artificial intelligence pilots on “everything,” but its chief information officer only wants subject matter experts to be using the technology at a high level. CIO Carter Farmer said last week that while the agency has piloted AI to review public comments and analyze large scientific datasets, he still wants experts to review outputs. Farmed explained: “Something we tell our staff quite regularly is if you're not an expert in the subject matter you're using AI for, you probably shouldn't be using AI because it can be very convincingly wrong. If you're not an expert at that, validating those outputs is very hard.” Another reason why using AI can require more experience: “Prompt engineering is a real skill,” Farmer said, and proper use is rarely plug-and-play. He added that: “Having to learn how AI works — and how the back end of it actually works — is very helpful in how to think about how you should be using this tool.” But the agency's daily use of AI is less high-stakes. Farmer said the EPA's biggest focus currently is using AI for “low-level” or “low-risk functions” like email drafting and creating presentations. The Daily Scoop Podcast is available every Monday-Friday afternoon. If you want to hear more of the latest from Washington, subscribe to The Daily Scoop Podcast on Apple Podcasts, Soundcloud, Spotify and YouTube.

Federal Employee Roth Strategy — Why Susan Gained $80K Over Linda #casestudy

Play Episode Listen Later Jun 18, 2026 21:41

Apply for a Retirement Consultation:https://perspectivefunnel.co/682642d22275ec003bfa6626/691df07396253e003c42b434/?ps_hello=%20Get the Digital Federal Retirement Guidebook:https://cdfinancial.org/being-a-federal-employee-in-the-era-of-trump-book/Take the Checklist Challenge:https://cdfinancial.org/checklist-challenge/Subscribe for Weekly Federal Retirement Planning Content:https://cdfinancial.com/newsletterWhy One Federal Employee's Roth Strategy Created an $80K DifferenceFederal employee Roth strategy can make a major difference in how your retirement income is taxed. In this case study, we compare Roth TSP vs Traditional TSP decisions and show why Susan's projected outcome gained $80K over Linda's.If you are a federal employee trying to decide between Roth TSP contributions, Traditional TSP contributions, or whether a Roth in-plan conversion may fit into your retirement strategy, this video walks through the planning factors that can affect your taxes, withdrawals, and long-term retirement flexibility.Whether you are trying to reduce future tax pressure, create more flexible retirement income, or avoid common mistakes around TSP withdrawal planning, this episode shows why the same retirement account can produce very different outcomes depending on the strategy behind it.━━━━━━━━━━━━━━━FEDERAL RETIREMENT RESOURCES━━━━━━━━━━━━━━━TSP Traditional and Roth Contributions:https://www.tsp.gov/making-contributions/traditional-and-roth-contributions/TSP Roth In-Plan Conversions:https://www.tsp.gov/investing-strategies/roth-in-plan-conversions/OPM Retirement Center:https://www.opm.gov/retirement-center/━━━━━━━━━━━━━━━TIMESTAMPS━━━━━━━━━━━━━━━0:00 Federal Employee Roth Strategy Case Study1:12 Why Susan and Linda Had Different Retirement Outcomes3:05 Roth TSP vs Traditional TSP Explained5:18 The Tax Timing Mistake Many Federal Employees Miss7:42 How Roth Strategy Can Impact Retirement Income10:16 Roth In-Plan Conversions and Federal Employees12:35 What Federal Employees Should Review Before Retirement14:20 Next Steps for Your Federal Retirement Plan━━━━━━━━━━━━━━━WHO WE ARE━━━━━━━━━━━━━━━CD Financial helps federal employees and retirees make smarter retirement decisions around FERS, TSP, FEHB, Medicare, survivor benefits, retirement income planning, and health-focused financial strategies.Our mission is simple:Help federal employees retire with more clarity, confidence, and peace of mind.Subscribe for practical federal retirement planning content designed to help you better understand your benefits, avoid common planning gaps, and prepare for your next chapter with confidence.━━━━━━━━━━━━━━━IMPORTANT DISCLAIMER━━━━━━━━━━━━━━━Advisory services are offered through CD Financial LLC dba CD Financial, an Investment Advisor in the State of California. Insurance products and services are offered through CD Financial & Insurance Services LLC, an affiliated company.This video is for educational purposes only and should not be considered financial, legal, tax, healthcare, or investment advice. Federal retirement decisions depend on your individual service history, agency records, health coverage, survivor needs, retirement income goals, tax situation, and personal circumstances. Always consult qualified professionals and review official OPM and TSP guidance before making retirement elections.Opinions expressed herein are solely those of CD Financial and our editorial staff. The information contained in this material has been derived from sources believed to be reliable but is not guaranteed as to accuracy or completeness and does not purport to be a complete analysis of the materials discussed. All information and ideas should be discussed in detail with your individual adviser prior to implementation.━━━━━━━━━━━━━━━SEO KEYWORDS━━━━━━━━━━━━━━━Federal Employee Roth Strategy, Roth TSP, Traditional TSP, Roth TSP vs Traditional TSP, TSP Roth Conversion, Roth in-plan conversion, federal retirement planning, federal employee retirement, FERS retirement, TSP withdrawal strategy, retirement tax planning, federal employee tax strategy, TSP retirement income, federal retirement case study, CD Financial, retirement income planning#RothTSP #FederalRetirement #FederalEmployees #RetirementPlanning #CDFinancialSupport the show

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Merit vs. Tenure: Reforming Federal Firing

Statecraft

Play Episode Listen Later Jun 17, 2026 45:45

Today we have a special repeat guest, Scott Kupor, Director of the Office of Personnel Management (OPM). The OPM is the people function in the federal government — the department that sets the rules for the various HR departments in other agencies. Director Kupor was on Statecraft six months ago, and is now a little more seasoned in the federal government.We discuss:* How veterans' preference works in federal hiring* Who gets fired first when an agency conducts a Reduction In Force (RIF)* Proposed changes to prioritize performance during RIFs* Kupor's progress in recruiting early career and tech talent to governmentThe full transcript for this conversation is at www.statecraft.pub This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.statecraft.pub

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OPM awards major HR IT modernization contract to Oracle

Play Episode Listen Later Jun 17, 2026 21:58

A long-awaited HR modernization project is taking a big step forward. The Office of Personnel Management has awarded a nearly $400 million contract to Oracle. The vendor is expected to deliver a governmentwide IT platform to consolidate and replace the more than 100 HR systems currently in use across agencies. For the latest, Federal News Network's Drew Friedman sat down for an exclusive interview with Jason Parman, OPM's principal deputy associate director for HR Solutions and OPM Director Scott Kupor.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Age 60 + Federal Pension + $1M Saved: The 5 Decisions Most People Get Wrong

Play Episode Listen Later Jun 16, 2026 7:07

Federal retirement planning at 60: if you're a year or two from retiring from federal service with a FERS pension, Social Security, and about $1M saved in your TSP, here are 5 decisions to make before you retire — so you stop asking "Am I okay?" and start building the retirement you actually want.This covers income order, TSP taxes and RMDs, Roth conversions, FEHB and Medicare timing, and IRMAA — gaps many federal employees miss before retiring.Apply for a Retirement Consultation: https://perspectivefunnel.co/682642d22275ec003bfa6626/691df07396253e003c42b434/?ps_hello=THE 5 DECISIONSYour numbers look fine — but you still don't feel okay. That's the gap we're closing.1) Income order — You've got three engines: your FERS pension, Social Security, and TSP. The pension turns on the day you retire. Social Security has a filing window from 62 to 70 — thousands of dollars a month for life. TSP is the lever you control. The real question: which do you draw from first, and which do you let grow?2) Taxes & RMDs — Required minimum distributions start between age 73 and 75 (depending on your birth year) from your Traditional TSP, IRA, and 401(k). They land on top of your pension and Social Security, which can push you into a higher bracket in retirement. The years before then are your Roth conversion / sequencing window. And IRMAA is a real Medicare surcharge that hits about two years later.3) Healthcare — FEHB is gold and stays with you in retirement. Medicare enters at 65: do you take Part B, skip it, or coordinate with FEHB? Miss the enrollment window and there's a late-enrollment penalty. Decide before the deadline, not after.4) Investments — You're shifting from accumulation to distribution. The portfolio that got you here often isn't the one that should carry you through retirement. Rethink risk and your TSP fund mix so a bad market doesn't force you to sell at the wrong time.5) Purpose — Plan what you're retiring TO, not just what you're retiring from. We've seen federal employees retire with $1M and go back to work in six months — no Monday-morning plan. Money is half the equation; structure, identity, and what's on your calendar are the other half.WHAT TO DO THIS MONTH: Lock your exact retirement date. Run three tax pictures (year one, when Social Security starts, when TSP/IRA withdrawals begin — and how much to withhold). Map your income order. Make the FEHB + Medicare call early. Write down your first 90 days on a calendar, not a spreadsheet. Do it intentionally, not perfectly.CHAPTERS0:00 Age 60, a Federal Pension, and $1M Saved — What Comes Next?0:27 Your Numbers Look Fine but Still Feel Unclear0:38 Decision 1 — Your Federal Retirement Income Order (Pension, SS, TSP)1:46 Decision 2 — TSP Taxes, RMDs, Roth Conversions & IRMAA2:46 Decision 3 — FEHB, Medicare Part B & Healthcare Timing3:34 Decision 4 — Shifting From Accumulation to Distribution5:38 Decision 5 — Planning What You're Retiring To6:19 What to Do This Month Before You Retire6:42 Apply for a Federal Retirement ConsultationMORE RESOURCESFederal Retirement Guidebook: https://cdfinancial.org/being-a-federal-employee-book/Take the Checklist Challenge: https://cdfinancial.org/checklist-challenge/Weekly Federal Retirement Planning Newsletter: https://cdfinancial.com/newsletterOPM Retirement Center: https://www.opm.gov/retirement-center/OPM FERS Information: https://www.opm.gov/retirement-center/fers-information/Social Security Full Retirement Age: https://www.ssa.gov/retirement/full-retirement-ageMedicare Late Enrollment Penalties: https://www.medicare.gov/basics/costs/medicare-costs/avoid-penaltiesWHO WE ARECD Financial helps federal employees and retirees make smarter retirement decisions around FERS, TSP, FEHB, Medicare, survivor benefits, and retirement income planning. Our mission: help federal employees retire with more clarity, confidence, and peace of mind. Subscribe for practical federal retirement planning content designed to help you understand your benefits, avoid common planning gaps, and prepare for your next chapter.DISCLAIMERThis video is for educational purposes only and is not financial, legal, tax, healthcare, or investment advice. Federal retirement decisions depend on your individual service history, agency records, health coverage, survivor needs, income goals, and personal circumstances. Always consult qualified professionals and review official OPM guidance before making retirement elections.Advisory services are offered through CD Financial LLC dba CD Financial, an Investment Adviser in the State of California. Insurance products and services are offered through CD Financial & Insurance Services LLC, an affiliated company. Opinions expressed are solely those of CD Financial. Information herein is derived from sources believed to be reliable but is not guaranteed as to accuracy or completeness.#FederalRetirement #FERSRetirement #FederalEmployees #RetirementPlanningSupport the show

Under Tech Force, OPM wants to send some feds for tours of duty in industry

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Play Episode Listen Later Jun 15, 2026 6:12

The Trump administration is already trying to bring talent from industry into the government via its U.S. Tech Force program, but the next step could be putting federal workers on exchanges to companies, according to remarks from an Office of Personnel Management official Thursday. During a panel at a federal technology-focused conference, Kevin Hennecken, senior advisor to the director at OPM and leader of the Trump administration's Tech Force hiring effort, mentioned the agency's interest in such a program as a way of helping train federal workers. Something OPM has been focused on is “creating more pathways for people to sort of experiment going to the private sector for periods of time and coming back,” Hennecken said. “I think that can also be quite helpful, just to expose them to some different ways of getting things done.” Such efforts would add another layer to the Trump administration's current Tech Force program, which is focused on filling the government's hiring needs with early career workers. Those workers, who have just started onboarding, will serve two-year stints before it's up to them whether to stay in government or go to industry. A small number of management-level professionals will also temporarily join the federal workforce from the private sector as part of the program. A National Institutes of Health contracting arm responsible for a series of large-scale IT contracting vehicles is ending all of its cross-government contracts and ceasing all functions by the end of 2028, according to a notice from the agency. All of the governmentwide acquisition vehicles (GWACs) under the NIH Information Technology Acquisition and Assessment Center (NITAAC) will expire Oct. 29, which is also the last day to award new orders, the Tuesday announcement stated. That includes the office's ongoing iterations of its Chief Information Officer-Solutions and Partners contracts. The functions will be moved to the General Services Administration. The announcement comes after the Trump administration's push to consolidate procurement led to a decision earlier this year to cancel NITAAC's long-running and embattled next iteration of its governmentwide IT vehicle, known as CIO-SP4. That contract would have been worth roughly $50 billion, but faced numerous legal challenges and was delayed time and time again before it was ultimately scrapped. The Daily Scoop Podcast is available every Monday-Friday afternoon. If you want to hear more of the latest from Washington, subscribe to The Daily Scoop Podcast on Apple Podcasts, Soundcloud, Spotify and YouTube.

Oracle wins OPM's massive governmentwide HR modernization contract

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Play Episode Listen Later Jun 11, 2026 5:06

The Office of Personnel Management on Wednesday awarded its anticipated contract to modernize and consolidate federal human resources functions to Oracle, capping a process that's been over a year in the making. The nearly $400 million award puts Oracle in charge of a process to bring over 100 HR systems under one single platform that the agency is calling its Core Human Capital Management system. OPM says it believes the project will make significant reductions in the overall cost of HR platforms to taxpayers. “Historically, federal agencies have relied on fragmented, aging HR systems that are costly to maintain and difficult to scale,” OPM Director Scott Kupor said in a written statement included in a press release. He called the award “a foundational investment in the future of federal workforce management.” A final award comes over a year after an early effort to award such a contract failed to move forward. In May 2025, the Office of Personnel Management awarded a sole-source contract to Workday to facilitate the Trump administration's HR modernization efforts, arguing it was the only vendor that could do the job. But OPM abruptly canceled that award, and later launched open competition for such a contract. The Cybersecurity and Infrastructure Security Agency on Wednesday ordered federal agencies to prioritize vulnerabilities based on four criteria, as part of a push to “patch smarter, not harder.” Federal agencies should emphasize patches for vulnerabilities that affect a publicly exposed asset, allow an attacker to fully automate exploitation, give attackers the ability to take over control of a system or relate to evidence of active, real-world exploitation, CISA declared. CISA acting director Nick Andersen previewed the binding operational directive (BOD) Tuesday, framing it as a rethinking of vulnerability management more broadly. Andersen said in a statement: “This Directive provides clear definitions, timelines and criteria that enhances transparency, predictability and agencies' resource planning to execute more effective vulnerability remediation." BOD 26-04 sets forth timelines for how quickly agencies must fix a vulnerability based on how many of the four criteria it meets. If it meets all four, for example, agencies need to fix it within three days and carry out a “forensic triage” to assess whether their systems were compromised. The Daily Scoop Podcast is available every Monday-Friday afternoon. If you want to hear more of the latest from Washington, subscribe to The Daily Scoop Podcast on Apple Podcasts, Soundcloud, Spotify and YouTube.

Age 60 + Federal Pension + $1M — Now What?