Podcasts about Passive

In this episode Andrea revisits her 2019 conversation with Dr. Daniel J. Siegel to explore Mindsight — his science-based approach to understanding the mind, integrating the brain, and cultivating empathy. Dr. Siegel explains the difference between mind and brain, the benefits of the Wheel of Awareness meditation, and how Mindsight can change brain structure and improve health. Watch full interview here https://www.youtube.com/watch?v=d7pnea2Vbzc Practical tips include daily Mindsight practice, naming emotions to build self-awareness, and simple emotional check-ins to make learning and relationships more meaningful. This week, in our review of EP 28 with Daniel J. Siegel, MD  and his book Mindsight, we learned: ✔ The Difference Between the Mind and the Brain. ✔  The Benefits of The Wheel of Awareness Meditation. ✔ How to Understand and Apply Mindsight that gives us insight into ourselves, and empathy for others. ✔ How Mindsight can change brain structure and improve health. ✔ In order to make teaching and learning more meaningful, what we are teaching must have an element of emotion. Welcome back to SEASON 14 of The Neuroscience Meets Social and Emotional Learning Podcast, where we connect the science-based evidence behind social and emotional learning and emotional intelligence training for improved well-being, achievement, productivity and results—using what I saw as the missing link (since we weren't taught this when we were growing up in school), the application of practical neuroscience. I'm Andrea Samadi, and seven years ago, launched this podcast with a question I had never truly asked myself before: (and that is) If productivity and results matter to us—and they do now more than ever—how exactly are we using our brain to make them happen? Most of us were never taught how to apply neuroscience to improve productivity, results, or well-being. About a decade ago, I became fascinated by the mind-brain-results connection—and how science can be applied to our everyday lives. That's why I've made it my mission to bring you the world's top experts—so together, we can explore the intersection of science and social-emotional learning. We'll break down complex ideas and turn them into practical strategies we can use every day for predictable, science-backed results. Episode 371: For today's Episode 371, we continue our journey into the mind with the next interview review. Just a reminder-this review series began back with Episode 366[i], where in Part 3 we discovered an important lesson: if we don't like our results—or what we see on the outside—we need to shift our mindset and look within. True change always begins on the inside.   EP 369[ii] we learned how to Rewire our Brain with Dr. Dawson Church and his Bliss Brain Meditations, and then last week, EP 370[iii] with John Medina's Brain Rules, we reviewed how important this understanding of neuroscience is, especially connected to education, teaching and learning. Which brings us to today's review, EP 371, where we revisit a very early episode with clinical professor of psychiatry from UCLA's School of Medicine, Dr. Daniel J Siegel. He's from EP 28[iv], that was recorded back in November of 2019. As we take this journey deeper into the mind, Dr. Dan Siegel offers the perfect place to begin, with his ability to bridge cutting-edge neuroscience and practical wisdom. Dr. Dan Siegel, is well known for his books, trainings and courses that bridge cutting edge neuroscience with mindfulness and therapy. A reminder of his background-he's a clinical professor of psychiatry at the UCLA School of Medicine and executive director of the Mindsight Institute[v] where you can find his courses, workshops, books and tools to help anyone understand and apply what can sometimes be complicated scientific concepts and make them easy to understand and applicable to our daily lives. At the end of the interview, I let Dr. Siegel know that I had been practicing his Wheel of Awareness Meditation, and ended up reviewing what I learned on EP 60[vi] where we explored the Science Behind a Meditation Practice. You can watch the whole interview by clicking on the link in the resource section in the show notes, and learn all about Dr. Siegel's work that encompasses schools, with resiliency, brain science and helping our next generation to understand how to apply these important strategies whether it's in our classrooms, or workplaces of the future. Today we will continue to explore within, sharpen our mindset, and learn about what Dr. Siegel calls Mindsight. VIDEO 1 Click Here to Watch In Clip 1, Dr. Siegel unpacks the concept of Mindsight and helps clarify the difference between the mind and the brain, when I asked him to explain this distinction. I knew this wasn't an easy question—as I had already listened to him answer it many times over the years, and still wasn't sure I fully grasped it. In fact, I even tried to tackle it myself back in Episode 23[vii], Understanding Your Brain and Mind for Increased Results. But revisiting this topic now, I can see this concept requires a much deeper reflection. So, I asked Dr. Siegel if we could look at his definition of the mind—one he has been studying for years and that many in his scientific and educational circles agree on. He describes the mind as “an embodied and relational process—since it's in the body and it's in our relationships with one another—that regulates the flow of energy and information.” I wanted to hear him expand on this again, especially around why relationships are so critical for our health, our well-being, and for creating what he calls an integrated brain—which he equates with a healthy brain. His answer helped me to understand the importance of implementing Mindsight into our daily life. He said: “The word mind doesn't actually have a formal definition—not in education, psychotherapy, or even in fields like psychology that study it directly. But if we look closely, the mind includes your subjective experience—that inner feeling of being alive. It also includes consciousness—the ability to know that you're having that subjective experience. And beyond that, there's information processing—which doesn't always require consciousness and is essentially what school focuses on: learning to process information. When you understand the mind as a self-organizing process—a complex system that regulates its own becoming—you begin to see the power of teaching about the mind itself. This is what we call Mindsight. And if we could bring this understanding into education, the outcomes for students would be profoundly different.” Key Tip 1 with Dr. Dan Siegel Understanding and Applying Mindsight which is “the way we focus our attention on the internal world. It's how we bring consciousness to our own thoughts and feelings, and then next,  how we attune to the inner world of someone else. Mindsight gives us insight into ourselves, and empathy for others.”

Title: From Hustle to Holdings: The Smarter Path to Passive Wealth With J. Scott Summary: In this episode of the Passive Income Attorney Podcast, host Seth Bradley discusses the importance of transitioning from active to passive income with guest Jay Scott, a seasoned real estate investor. They explore various investment strategies, the significance of due diligence in syndication, and the differences between house flipping and multifamily investments. Jay shares his journey from tech to real estate, emphasizing the need for teamwork in multifamily projects and the importance of understanding market conditions. The conversation concludes with actionable insights for listeners looking to create financial freedom through passive income. Links to watch and subscribe: https://www.youtube.com/watch?v=V26Rze2S9TM Bullet Point Highlights: Active income is trading time for money, while passive income allows for financial freedom. Investors should focus on the highest and best use of their time. Flipping houses can be tedious and may not be the best use of time for high-income earners. Transitioning to multifamily investments can provide more control and cash flow. Market conditions can significantly impact investment strategies and outcomes. Due diligence is crucial when vetting syndication sponsors and deals. Understanding the underwriting process is essential for passive investors. Building a strong team is vital for success in multifamily investments. Investors should seek to understand the risks associated with their investments. Passive income allows for a lifestyle centered around family and personal interests. Transcript: Seth Bradley (00:10.188) What's going on, law nation? Welcome to the Passive Income Attorney Podcast, your favorite place for learning about the world of alternative passive investments so that you can practice when you want to and not because you have to. Now, if you're ready to kick that billable out of the curb, start by going to attorneybydesign.com to download the Freedom Blueprint, which will also get you access to partner with us on one of our next passive real estate investments. All right, let's talk about   the highest and best use of your time. We've talked about active versus passive income and for good reason, they are completely different. They're on opposite sides of the spectrum. When we talk about active income, we're talking about your job as an attorney, as a doctor or a business owner, where you trade your time in for money out. Depending on your skill set, background, education, work ethic, et cetera,   You know, this could be a great use of your time or it could be a terrible one. But when most people think about getting into real estate investing, they're torn. Should you do a fix and flip like you saw on HGTV? Should you invest in a REIT like your financial advisor and Charles Schwab told you to do? Should you buy a single family rental or invest in a syndication? There are endless options so I can understand why it's so confusing. Well, start with this.   ask yourself, what's the highest and best use of my time? If you're thinking about doing an HGTV fix and flip and your partner at a big law firm, for example, is that flip really the best use of your time? And don't be mistaken, a flip is transactional and it is active. So will you make more per hour on that fix and flip than you would at your job?   After you factor in the learning curve, the deal sourcing, the headaches, what it takes away from your job and everything else, it's not even close. Unless you truly love doing it, which some people do, it just doesn't make sense for high income earners. You should be focusing on transforming the income you earn actively into passive income streams. At different levels on the passive scale, that could very well be a single family rental or an Airbnb.   Seth Bradley (02:34.26) or could be passive investments into commercial syndications. But if you truly want to obtain financial freedom as quickly as possible, don't create more time consuming activities that aren't as fruitful as the active income stream that you already have. Focus on passive investments until you are financially free. And then you will have the freedom to transition or not into any   active activity you have a passion for. Today, we have a very special guest, Mr. Jay Scott of Bigger Pocket fame. Jay is an entrepreneur, investor, advisor, and the co-host of the Bigger Pockets Business Podcast. He has bought, built, rehab, sold, syndicated, and held over $70 million in residential property, and currently owns several hundred units. Jay is the author of four bestselling books on real estate investing,   with sales of over 300,000 copies. Get really excited for this, folks. You're in for a treat.   This is the Passive Income Attorney Podcast, where you'll discover the secrets and strategies of the ultra wealthy on how they build streams of passive income to give them the freedom we all want. Attorney Seth Bradley will help you end the cycle of trading your time for money so you can make money while you sleep. Start living the good life on your own terms. Now, here's your host, Seth Bradley.   Jay Scott, what's going on, brother? Welcome to the show.   Scott (04:09.196) Thanks. Appreciate you having me here Seth.   Absolutely, man. Appreciate you taking the time out of your day, We've got a little bit of history, but let's jump into your history, man. What's your story? Tell us about your background. Take it back as far you'd like to.   Yeah, I'll keep it short because nobody really cares about what I used to do. So I'm a tech guy by education and former trade. I worked in Silicon Valley for a long time, spent about 15 years doing the engineering thing and the product management thing. 2008 decided to get married. My wife and I, she was in the tech world also. We decided to leave and do something different so we could start a family.   focus on our family. Basically, we were both working ridiculous hours and it just wasn't sustainable if we wanted to start a family. So put our jobs in 2008, moved to the East coast, ended up flipping houses. Long, boring story about how that started, just kind of serendipitous. We didn't really plan it, never really considered real estate, but fell into flipping houses. Over the next eight years or so, we flipped about 400, 450 houses, was great. It ended up being the,   next career we were looking for, it gave us the flexibility to kind of raise our kids and never have to miss a soccer game or a piano recital, which was fantastic. But then around 2017-ish really got burned out on flipping houses and that's when I started to look for some new stuff to do. and that kind of leads me into what I've been doing the last few years.   Seth Bradley (05:41.742) That's awesome, man. That's a ton of houses you flip, man. think that that's, know, a lot of the folks who've been in the game for a long time, they've heard you speak on, you know, on bigger pockets and all of that. So, you know, what attracted you originally to house flipping rather than, you know, buy it holds or anything like that?   So I'll be honest, I don't love real estate. I love business. I'm a business guy. like when I was even when I was in the tech world, I got my MBA and I did some business development and I moved from the engineering side to the product side where I could be more involved in the business stuff. And I'm a business guy by heart. And that's what I love doing. So when it came to flipping houses,   For me, was, I could have been buying and selling anything. It ended up being houses. And again, not an exciting story. mean, literally the story was my wife was watching a show on HGTV with some people flipping houses and she said, let's give that a try. Just as kind of like a fun thing to do on the side while we were waiting for our wedding to come up. So it wasn't something that I ever thought about or planned to do. It just kind of happened.   And so if it weren't flipping houses, it would have been buying and selling something else. would have opened a restaurant or I would have opened a retail store or who knows what I would have done. But for me, the challenge was in the business. It wasn't the real estate piece of it. And so I've always enjoyed the scaling part. So yeah, flipping a house is great. Flipping five houses is great. But I always wanted to know, how do I go from flipping five houses to flipping 50 houses in a year? What are the systems and processes I have to put in place?   how do I build that type of business? That to me is what's exciting. And so for me, it's always been about not the real estate part of it, but about the building the business part of it.   Seth Bradley (07:25.248) I love that man. I don't think I've heard anyone just come out and say that, even though a lot of people are probably in the same boat as you that, you know, you don't have to love real estate to recognize that it's a great business. Right. Yeah. So that that's awesome. So tell me a little bit about your, your transition and what you're doing now, your current business, how you kind of progressed from house living to what you're about to tell us about.   Yeah, so 2017, I just got really burned out on flipping houses. It was good to us financially. We got good at it. I wrote a bunch of books on it, but I'll be honest, it was never fun. And as the years went on, it just ended up getting more tedious. I felt like I wasn't learning anything new. It was revising processes and creating new systems. it was fun, but I needed some new challenges.   So 2017, I decided, okay, done with flipping, actually went and started doing some business stuff. So I do some advisory work for some tech companies. I do some angel investing. And so for a few months, I actually considered getting out of real estate altogether, focusing on other business pursuits. But I actually, what I realized was that I didn't like the nuts and bolts of real estate. I liked the mechanics of real estate.   I loved the negotiation piece. I loved the asset management piece. I loved the putting deals together piece and I was good at it. And so while I really didn't wanna be flipping houses, didn't want to be involved in the day-to-day aspects of managing the projects. I enjoyed the deal part of real estate. And so in addition to that, after I stopped flipping, I had all this cash.   And I was like, okay, what am I going to do with this cash? I was using it to flip houses. We were doing 50 houses a year. It's put a lot of cash to work. Now I had all this cash. I'm a control freak. do invest in other people's syndications, but I don't sleep well at night when all my money is being managed by other people. So I said, how do I kind of take back control of my own cash as well as kind of get back into real estate? What can I do in real estate that I would enjoy? And now I can also deploy a bunch of my own cash. And what I realized was multifamily.   Scott (09:38.648) That was a great opportunity. And I had been thinking about multifamily for a long time. But what I realized was from the syndication side of multifamily, could, one, I could have the control. could be a general partner. could control the deal. I could put the deal together. I could manage the deal. But also I could come in on the limited partner side as an investor. And it was a great place to deploy my capital. So I could deploy my capital in deals that I had full control over. So 2017, I decided I wanted to get into multifamily, probably wanted to get into syndication.   I reached out to a friend of mine, Ashley Wilson, who managed a company called Barred Down Investments. She and her husband had started the company a couple of years earlier. They were doing exactly what I wanted to do. And so I reached out to Ashley and I said, hey, I would love to learn multifamily. I don't expect you to like just take all this time and teach me so I can often be your competitor. But here's what I am willing to do if you're willing to do this. I will come work for you for a year.   And in that year, you've got all my time, you've got all my energy, you've got all my knowledge, you've got all my contacts, I'll put money into your deals, whatever it takes. You mentor me for a year, you've got my commitment for a year. After a year, we can figure out if like, there's a place for me on the team or if I'll go off and do my own thing. But basically, let's work together for a year. And she loved that idea. mean, I think she liked the fact that I was really good with the systems and the processes and the operation stuff.   And I obviously loved the fact that I could jump into a team that was high functioning, already owned a lot of properties and was doing deals. So for the next year, I worked with her team. It took about a year and a half before we finally did a deal. But 2020, just before COVID, we started putting together a deal. That deal went really well. Ashley and I realized that we were like, just we made a great team.   We had a bunch of complimentary skills, the things that she was really good at, I wasn't, the things I was really good at, she wasn't, it was just a good partnership. Around the same time, her husband decided that he didn't really want to be doing real estate anymore. He kind of wanted to be a stay at home dad. He liked helping with the business. He ran the underwriting team and he did a lot of the analytics, but he didn't want to be a partner in the business anymore. So about a year and a half ago, Ashley came to me and said, Hey, would you want to join me and be a partner in the business?   Scott (11:57.678) 2020, 2021-ish. Ashley and I joined forces. She and I now run bar down investments and we do value add multifamily all around the country.   That's great man, said you weren't having fun anymore, you having fun now?   I'm having a ton of fun. And I think the big difference between then and now is when you're flipping houses, flipping houses is a very, it's a solitary venture. Yeah, you have contractors around you and you have eight real estate agents and you have closing agents and lots of 1099 people, lots of vendors and people that come in to help you. But at the end of the day, you're running the show. You're doing the four big things that you do when you flip houses.   you're acquisitions or you're running acquisitions, you're doing the rehab or you're running the rehab, you're doing the disposition or managing the disposition and you're raising the money. mean, all four of those things, you don't generally have a big team to do those things because it's just hard to scale a big team when you're flipping houses. The profits aren't there, the margins aren't there. Unless you're doing real high-end houses, the deal size isn't there. But in multifamily, the thing I love about multifamily is it really is a team sport. When you're doing it,   $10 million deal or a $50 million deal, it's not something that I could ever do myself. It's not something anybody or very few people can do themselves. Typically you have to be part of a team because things are very specialized. mean, the acquisitions piece, you need some of the best acquisitions people in the world to be finding deals in this market. The renovation piece to be renovating a 200 or 400 or 600 unit apartment complex, it's not like flipping a house. You need to have really good systems and processes. need to...   Scott (13:36.448) really know the renovation side of things. Managing the property, I mean, you have to know the asset management side. You have to know how to carry out a business plan. You have to know how to increase and reposition rents. You have to know how to decrease expenses and improve the efficiency of the management. And then on the sales side, that's a whole other world where you have to really know the market and be able to work with the brokers and know how to position the company for sale. And then finally, there's that raising funds piece.   And that's a whole world by itself, whether you're dealing with raising debt through a broker and you're going like just typical, like getting loans, or you're going out to private investors or institutions and you're raising equity, people that come in as partners. And I mean, that's a full-time job in itself, those two things. So when you do multifamily, you really need to figure out what are you great at? And then you need to surround yourself with people who are great at everything else. And so that's what I loved about multifamily. It allowed me to focus on what I was really   and then bring in people who are literally the best in the world at all the other stuff. And now it becomes a team sport. It goes from playing tennis to playing basketball. It goes from being yourself reliant and you have to do everything and be the best versus you have to be able to put together the best team and manage that team in a way that not only is everybody fantastic, but working together, they're better than the sum of their parts.   Yeah, yeah, that's fantastic, man. The whole team game part of multifamily and commercial real estate. It's really interesting because when you get into other businesses, it feels more competitive and kind of like if you if you have the secret sauce, you keep it close to your vest. You don't you don't tell everybody about it. Whereas when you're in this commercial real estate world, everybody's sharing ideas. Everybody's trying to partner. Everybody's trying to see how they can help you rather than just looking about, well, how can you help me kind of?   I call it, I'm gonna get in trouble here, but the Hollywood mentality where it's like, what can you do for me? Oh, you just drive a three series, you probably can't help me. So it's a different attitude.   Scott (15:41.294) Absolutely. I like to refer to it as co-op petition. It's like there are deals that you're going to do with other people and then there deals you're going to do yourself and you may come back to those people later. You may never come back to them, but everybody kind of looks out for each other because you never know when you may end up in a deal with somebody that previously you were competing against. And so anytime that you're not in a deal with somebody, you're still treating them as if, the next deal we could end up being partners. And the deal after that, we could end up being partners.   because it really is, it's a small industry, everybody knows each other. we really, again, going back to the sum of the parts is greater than the parts themselves. mean, working together, we can really do a whole lot more than if we just are purely competitive and try and take each other down.   Yeah, absolutely. And I think kind of going back, there's a lesson to be learned about how you were transitioning from house flipping and you were the best at it. And then you're like, okay, I want to go into multifamily and a syndication. You went and you sought out someone that was already in the game that knew what they were doing, that had the experience. And you said, what can I do to help you? What value can I bring to you to help you so you can teach me what you've done? And there's a lot of value to be found in that lesson for folks that are trying to   you know, get into the active side. A lot of listeners out there are passive investors already and they're, you know, maybe thinking about, maybe I want to do in the active side. And they're like, well, what can I do? Cause a lot of attorneys, especially in doctors and folks like that, they think they have this one track mind. They're only trained to do one thing. And they're like, what value can I provide as somebody else? But there are a lot of skills that you've learned in your W2 profession that you can apply to help other folks that are already in the industry.   Absolutely. I mean, I talk about it a lot, but even outside of real estate, I do a lot of advisory work and I'm still pretty active in the tech world. And I find companies that kind of bridge that gap between technology and real estate. all know about the Zillows and the Airbnb type companies. There are a lot of startup companies in that space too called property technology type companies. so...   Scott (17:46.998) I love to use my experience, my knowledge, my relationships to go into those companies and help them grow their companies. In return, I'm not an employee. I'm not even a 1099 contractor. In return, I'm getting equity so that if I can help make them successful, ultimately my equity is gonna be worth something. I'm gonna be successful as well. And so what I like to tell everybody like figure out what you're good at and then figure out who needs that expertise.   and then figure out how you can offer that expertise in a way that isn't trading necessarily hours for dollars. Figure out how you can trade your expertise, your knowledge, your Rolodex, your whatever it is for equity or potentially passive income so that you can grow potentially many fold as opposed to I charge $200 an hour or $300 an hour. mean, everybody loves $300 an hour, but the minute you stop working, you stop making that money. But if you can get equity, that equity can work for you for a while.   Yeah, absolutely. And it's tough for a lot of the WTs out there listening, they're highly paid professionals. It's tough to get off of that treadmill. For some folks it's easier because they're not making as much money, but for the lawyers, the doctors out there that are making a good amount of money in their profession, it's tough to try to see, you know, to stop trading time for money. But you've got to kind of see through the weeds there.   Yeah, well, what I tell people is, there's two types of income. There's your active income. That's the stuff that you're trading your time for, whether you're a doctor or a lawyer or an engineer or you're a house flipper or you're a consultant or you're a small business owner, whatever it is, that thing that when you stop working, you stop making money. And then there's a passive income. It's the thing you trade money for money. So you put your money out there and hopefully it continues to come back to you for the rest of your life or at least the next several years.   And so what I like to tell people is don't think about those the same. Those are completely different. figure out for your active income, figure out what the highest and best use of your time is. If you're gonna make more money as an attorney than you are flipping houses, don't flip houses just because you eventually want to retire on real estate. You can always use real estate for the passive side of things, but if you're gonna make more dollars per hour as an attorney or a doctor or a consultant, then do that because you wanna get out of that active income as quickly as possible.   Scott (20:05.9) And the way you do that is you make as much as you can and you move it over to the passive side. So focus on whatever it is that's generating the most dollars per hour for a shorter period of time so that you can then start moving that money over to the passive side and start building up the passive side. don't, people ask me all the time, should I flip houses or should I buy rentals? And I'm constantly telling them that's not the right question. Flipping houses is your active income. Compare that to all the other.   potential active incomes you can have. And rentals is passive income. Compare that to all the other passive investments you can make. And so don't say flipping houses or rentals say, should I be flipping houses or should I be an attorney? And don't say, I be flipping houses or rentals say, should I be doing rentals or should I be investing in syndications or dividend generating stocks or something else? And think of them very differently. then secondly,   Make sure as much of that active income as you can, move it over the passive side so that you can start that snowball rolling. I compound interest is the key to financial freedom. And the sooner you can put more money to work, the faster it'll compound and the sooner you can start to live on.   Yeah, I love that man. mean, lot of folks, you know, calls that I take, they're like, hey, they're attorneys. Should I quit my job or how do I quit my job? I'm like, if you want to quit your job, don't be hasty about it. First of all, you're probably making a good amount of money in your active income. You just need to figure out a way to transition that active to passive income and don't just quit your job. It's very difficult to flip houses, to do an HGTV fix and flip while you're working at a big law firm or something like that full time.   I tried to do it, I didn't do it very well. You're not even gonna make it nearly as much money as you would as a doctor, as an attorney, unless you get to level like you did, Jay, but that takes time and that takes a buildup of accumulation of skills and money to be able to get to that level.   Scott (22:05.826) Yeah, I mean, at the end of the day, it's a math equation. mean, your passive income or your ability to build up enough income to be able to retire, whatever your number is, is based on how much can you put in per month into that wheel, that passive income growth machine? How much are you generating every year on what you're putting in? So what do your returns look like? And three, how long do you have to compound it?   And so everybody can go out into a compound interest calculator and say, okay, I have $5,000 a month that I can invest passively and I can return 12 % per year and I need $6 million to retire. Well, based on those three numbers, you can now figure out that fourth variable, is how long is it going to take? And so figure out how much do you have per month to put in? What's the rate of return you can generate and how much do you need? And that'll tell you how long it's going to take or   figure out how much you have to put in, how much your return is gonna be and how long you wanna spend. And that'll tell you how much you'll end up with at the end, either way you wanna look at it. But again, it's a pretty simple math equation, but too many people don't actually do that equation where they don't think about it until too late and they think, I wish I would have taken that $5,000 a month that I was spending on my second home in the Bahamas and put that into real estate so that I could have been.   compounding it and so now I could buy that home for cash five years or 10 years later.   Absolutely. Attorneys hate math, but I think they can handle that little equation. I want to take a step back for a minute because you got into house flipping in 2008, which is kind of like around the big crash. And now we're kind of at the height of a market. We don't know where that height is going to end, but we're definitely in it. Right. So can you maybe compare and contrast getting into, let's say,   Seth Bradley (24:01.652) one real estate venture in the middle of a crash compared to getting into another venture kind of towards, towards the upswing.   Yeah, so it's one of the reasons I like multifamily and I like commercial and I like syndication. Anytime you're doing purely transactional deals, buying something and then selling it, not generating any cashflow in between, you run a risk. If the market turns in the middle of the transaction, you're gonna lose money and you don't have a lot of ways to mitigate that risk.   Whereas if you're buying something like an apartment complex, or even if you're buying a rental property, or you're buying a self-storage complex, or you're buying anything that cash flows, the nice thing is if the market turns, you may not be in a great position. You may not be thrilled with what's happening with the value of your assets, but if you're still generating cash flow, you can weather that storm. Maybe it's gonna take, the average recession lasts about 18 months. And so if you can make enough income that you can keep yourself afloat for 18 months, or maybe   it's a horrible recession and it lasts three or four years. If you're still making income and you can keep yourself afloat for three or four years, the market's gonna come back. And so when we do our multifamily deals, yeah, we typically say we're planning to hold three to five years, but we also do all the underwriting to ensure that if we have to hold for six years or eight years or even nine or 10 years, that the numbers still work because.   Again, who knows what's gonna happen three years down the road, we could have a major recession that lasts four years and now we're seven years down the road. I wanna know that my multifamily investments in seven years, they're probably gonna be producing more cashflow. We're probably gonna see more growth in terms of population. We're probably gonna see more growth in terms of employment. Hopefully we're gonna see more wage growth once we come out of that recession. So all the economic indicators that kind of lead towards value growth in multifamily,   Scott (25:58.486) are going to happen over those seven years if I can just get my property seven years and not lose it. With a flip, well, I'm not generating any income. So if the bank calls the loan due or if my two-year loan comes due and I can't refinance, I'm screwed. But in a multifamily, I just waited an extra couple of years and I'm probably in a better position than I was anyway. So that's one of the reasons I love multifamily because we can't predict   what the economy is gonna do in the next couple of years. But I do know that whatever the economy does, it's probably gonna come back in the next five or 10, and I'm still gonna have the problem.   Yeah, yeah, that's great. That kind of rolls into this next question. How does a passive investor that's kind of vetting a sponsor, how do they check kind of the boxes to see if their sponsors are taking the extra measures to look into those risks that you just mentioned, to mitigating those risks, to taking those risks into account in their underwriting and things like that. How can they best vet the sponsor to make sure that they're thinking of those things?   So I invest in a lot of other people's syndications as well as my own. And so when I do that, I kind of look at five areas for due diligence anytime I invest in a syndication. Number one is the team. And that's probably the most important thing. For a lot of people, I have been pleasantly surprised that a lot of our investors have recognized that team is the most important aspect of the deal. I know in the flipping world, everybody was concerned about the deal. Nobody cared about   what was my experience, but in the multifamily world, a lot of investors recognize that the team has to be great. So number one is the team. Number two is location. Location is often overlooked, but at the end of the day, the thing that's gonna drive value for multifamily and for commercial real estate in general is gonna be population growth. So you want more people coming into an area, employment growth. So you want more employers coming into an area that will bring more people in. You want wage growth because that will ultimately drive rents up.   Scott (28:06.082) and you want employment diversity. You wanna know that if one industry takes a big hit, so for example, we invest in Houston, but we won't invest in the energy corridor of Houston because it's so reliant on oil and gas, that if the oil and gas industry took a big hit, the real estate around there would probably take a big hit. So we wanna see that there's good employment diversity. But at the end of the day, location is that next big thing. So team, location, number three is the deal itself.   So you need to know that the deal is gonna stand on its own. I wanna know that if I took a deal and I handed it to pretty much any other indicator, they couldn't mess it up too badly. Obviously, again, we're gonna go back to the team is super important, but I want the deal also to stand on its own. And I wanna know that the business plan for the deal, the hold period, the numbers and the underwriting, the pro forma for the property makes sense. So team location deal.   Number four is the returns. So obviously when I invest with somebody, I'm in it for the money. And so I wanna see that the returns are commensurate with the risk. I wanna know that the returns, if somebody tells me I'm gonna get 10 % returns in this deal versus 20 % returns in another deal, I wanna know, well, why am gonna settle for lower returns? I want the answer to be because it's a lot lower risk or because you're gonna get your money back a lot sooner, which is gonna allow you to compound it or whatever the answer is.   I want to know that the returns make sense given everything else. And then finally is the risks. At the end of the day, I'm always going to sit down with the syndicator and I'm going to say, what are you most concerned about here? Like where, if I'm going to lose money on this deal, where am I most likely going to lose money? They say, there's no shot of losing money. walk away because we all know every deal has risks and every syndicator knows what those risks are. And they're thinking about those risks. I just want them to tell me.   So if I'm gonna lose money on this deal, where am I most likely? Why am I most likely to lose money if I'm going to lose money? So those are the five things that I look for. Talking about each individually a little bit more. the team, I like to know that one, I wanna see how many deals the team has done together because again, like a basketball team, you can put the best basketball players in the world together. And if they've never played on the court together,   Scott (30:31.672) they're not gonna be necessarily the best team out there. You can find another team with five inferior players who have been playing together for 20 years and they're probably gonna be better because they know each other better. So I like to see teams that have worked together for a while. I like to see teams that have gone full cycle in deals. So it's easy to buy 10,000 units. It's hard to buy 10,000 units and also sell 10,000 units for a profit. So I wanna see that if a team has bought a lot of deals, they've at least sold some for a profit.   I wanna see a team that's putting their own money in the deals. So I want people that have skin in the game. If they don't have skin in the game, and I've seen plenty of syndicators that don't like to put money in the deals, well, they need to sweeten the pot for me somehow. So maybe they're saying, we're not gonna take any profits until at least year three, or we're gonna give you a better preferred return, a better split than you would get if we were putting money in the deal. I wanna know if you're not putting money in.   that you're at least giving me something that aligns our interests and ensures that you're gonna be working hard even though you might not have as much financial risk. So those are the types of things I like to see in the team. I like to see things like at least one or two people working full-time. If everybody's part-time, that's kind of a little bit scary. Obviously not everybody has to be full-time because there are a lot of jobs on a GP team that aren't full-time jobs. There are a lot of jobs that might stop the day you purchase the property. Like the person that's raising money, job's   pretty much done other than communicating status when the property's been purchased. But I do want to know that whoever's managing the asset is doing it full time. So that's kind of the team stuff. Location, again, population growth, employment growth, wage growth, and employment diversity. So those are the four big things I look for. Next is the business plan. So I want to see the biggest question when somebody goes in and...   does what I do, which is a value add multifamily. Basically they buy it, they raise the value of the property and then they sell it for a big profit. Where is that profit coming from? Generally the profits coming from raising the rents. There's also some lowering the expenses, but at the end of the day, raising the rents is kind of the big thing that's gonna generate the big profits in multifamily. And so I wanna know how are you raising the rents? And two, when you tell me that you're raising the rents from X to Y, where is Y coming from?   Scott (32:55.182) Show me the comps that tell me that why is a reasonable new rent, market rent for this property after you've done the renovation. So I wanna see the comps. So that's kind of the deal. The returns speaks for themselves. I wanna see like the structure of the deal. So when's the money coming back to me? Is it paid monthly? Is it paid quarterly? What are the returns look like? What's the preferred return? So is it a low preferred return, which means   that the syndicators are getting paid sooner, whereas at a higher preferred return, which means the syndicators have to do more for me before they take anything home. So that speaks for themselves. And then for the risks, I wanna know both the catastrophic risks. So what's the thing that's like going to make me lose all my money? Is there something out there that can cause me to lose all my money? Hopefully the answer is no, but there are probably some risks that are bigger than others. So we do a lot of deals in Houston. If somebody were to say to me, what's the biggest risk on your deals?   The answer is generally going to be weather. If we have a really bad hurricane, if we're in a flood zone, we probably have flood insurance and we have hurricane insurance. But if it's in a place that's never experienced the negative impacts of a flood or a hurricane, and we are not required to have flood insurance, but there's still a massive hurricane that wipes out that property, that's not going to be good. We're going to have to pay for that ourselves. So what's our mitigation there? We don't have a great one. Luckily.   the risk is really low. We don't buy in areas where there is that risk. And if there is, we're gonna get flood insurance. But I do want my investors to know that no matter where you invest, whether it's a risk and especially in Houston, if we see a storm bigger than anything we've seen the last 50 years, some of our properties could be at risk. And then there are the smaller risks. So maybe there's five other complexes being renovated all around us. Maybe there's class A, brand new class A being developed.   all around us. So basically our absorption of units is going to slow down because there's so many more units. Maybe there's one big employer in the area. Amazon just built a warehouse that's employing 8,000 people. Well, what happens if Amazon has a bad year and has to lay off 4,000 of those people? How's that going to affect us? So, so risks is the next thing. And the way I approach it is I literally sit down with the, with the syndicator and say,   Scott (35:15.554) What keeps you up at night? What are the biggest things you're concerned about? And so those are the things that I do. I have no problem basically saying to a syndicator, I need 15 or 30 minutes of your time to ask these questions. Typically the good ones will either find the times themselves or have somebody on their team that will sit down and answer these questions. If they're not willing to answer those questions, well, that's probably a good indication that that's not a good team.   Yeah. For our listeners out there, that breakdown was incredible. Rewind that, listen to those five items again. That's a quick, but thorough and awesome rundown of what you need to do. Just as at least the starting points for your due diligence. And that's, that's great that you said if they won't book a call with you either themselves or an investor relations person on their team, then it's time to, you can just walk away and look at the next, look at the next deal. One question I had on the deal.   So a lot of folks, it's kind of overwhelming to see an underwriting model or something like that. And being a passive investor, I don't know how much you even want to dive into it. Some people do, some people want to nerd out on it. Most people don't. And we don't generally have access to the T12 or the rent roll or anything like that. What are maybe some quick tips on how to maybe proof through that pro forma to make sure that the assumptions are reasonable and the pro forma is generally   a reasonable prediction of what we might expect from that investment.   Well, let me start, me take a step back before I answer that particular question and just say that even for you and me, mean, you know how to do an underwriting, I know how to do an underwriting. If you or I were gonna invest in somebody's deal, Joe Smith's deal, we're probably not gonna have enough information even though we know this business really well and we know the underwriting models really well, we're probably not gonna have enough information.   Scott (37:08.908) that we're going to be able to know for certain that Joe Smith's not trying to scam us out of money. So if Joe Smith is really smart and he could probably put together an underwriting that could fool us because we're just not gonna be putting in as many dozens of hours underwriting as he and his team are. So the number one thing I would say is make sure you trust your syndicate. This goes back to why team is so important.   because there's two types of things that Joe Smith can do. One, he could do a bad job of underwriting and come up with bad numbers. That's not good, but that's not nearly as bad as Joe Smith wanting to scam us out of money. So number one is make sure Joe Smith's not the kind of guy who wants to scam us out of money. And so work with people who are reputable. And that's why I would invest with you before I would invest with 95 % of syndicators out there because you're an attorney, you passed the bar.   you know that if you go and somebody finds out that you're trying to scam somebody, well, you're putting your entire career at risk. And so what I tell people is, so what do you have that really proves that this person is on the up and up? And maybe it's a track record. Maybe it's 10 or 15 years of doing deals. Maybe it's, I like to think with me, I've been doing this business for 15 years. I've done thousands of deals with hundreds or thousands of people.   And if you go out on the internet, nobody's gonna, you're not gonna find anything that's written negatively about me. So that's a good sign. But make sure that there's something out there that gives you faith in that syndicator, even if it's just somebody else that's invested in a couple of deals with them. So that's number one. So that's the way to rule out that catastrophic, they're trying to scam you risk. Then there's the more likely, what if they just didn't do a good job of underwriting risk?   And so for that, would say for people that have very little knowledge of how the underwriting works and how the numbers work, it can be really difficult. And so what I like to do is, or what I recommend people do is sit down and ask to do a Zoom call for 15 minutes with the investor relations person and say, hey, will you kind of walk me through the high level underwriting? And at least force them to go through and then just ask questions.   Scott (39:30.958) when they say something, even if you have no idea what you're talking about and they say, well, it looks like we're gonna be able to reduce expenses by implementing a rub system, blah, blah, blah. Oh, okay, well, what is rubs and how does that work? And at least make them explain it to you. At least then you'll get an idea that they're not making it up as they're going along, or at least you'll get that confidence that it sounds like they know what they're talking about. But the biggest thing that I would say is that whole comps thing.   And this is a question that a lot of people don't like to ask. But I actually, and when people ask me this question, it always makes me nervous because it's the hardest part of the business, but it impresses me when people do. to the underwriting or the investor relations person, what are the comps that you used for your post renovation market rents? So again, the thing that drives values in multifamily is after the renovation is completed, in theory, you should be able to bring your rents up higher.   and your rents, those higher rents, you should be able to figure out what they are by looking at other units that have already been renovated and seeing what their rents are. So if I buy one, two, three Main Street, and I know I'm going to put $8 million into it, well, now that property is going to comp out to 678 Main Street. And well, what are the rents at 678 Main Street? And so by asking, hey, so you're buying one, two, three Main Street, what are the comps for the rents after you renovate?   and they tell you, it's going to be 678 Main Street and 123 Smith Street, whatever it is, you can then go look up those properties and say, okay, well, it looks like a two bedroom at those properties is renting for 1200. Now I go back to the investor relations person or whatever information they gave me I see, oh, okay, after renovation, they have their rents at 1200. Makes sense. If that's a reasonable comp, they now have the rents at kind of where they should be.   If he says that six, seven, eight main streets, a comp, and you go look in a two bedroom at six, seven, eight main streets, 1200, but their underwriting tells you that after they do the renovation, they're going to be charging 1500. Well, why are you now $300 above this property that you said was a comp? And so that to me is kind of the first thing that I look at or the biggest thing I look at is what are the comps that they're using and does just a kind of first pass.   Scott (41:57.762) jumping on apartments.com or calling the complex and asking them what different things rent for. Does that coincide with what they're telling you their post renovation rents are gonna   Yeah, I love that man. I mean, it's not as simple as just going into an old dilapidated apartment building and saying, I'm to put granite countertops and hardwood flooring and stainless steel appliances in there. And then I'm going to triple the rent or double the rent. It's not that easy. If it's not in the right area that could support those, those market rents or that have potential tenants that want those types of things, it doesn't work. So that's why that's so important to check those comps to see what's around those apartments that you're going to be investing in to see if, they can achieve those.   those proforma rents. All right, man, before we jump into the freedom four, what's one last gold nugget for our listeners?   Absolutely.   Scott (42:45.634) Yeah, so again, what I would tell people is figure out your highest and best use on your active side. And then for the passive side, figure out how you're gonna scale. And I know a lot of people like to invest in a whole lot of different things, but I'm a big fan of doing some work so that you don't have to diversify as much. Diversification is great, but diversification,   is for people who aren't really an expert in anything. If you want to get your best returns, the way to get your highest level of returns is not to have to diversify. And the best way not to have to diversify is to get knowledgeable about whatever you're investing in. So if you decide you wanna invest in all your syndications, just cause that's what you and I do. So it's an easy example. If you want to invest in syndications and that's how you wanna grow your nest egg, my recommendation is,   get as much information about syndications as you can. Pick up a good book on syndications. Go find somebody that does syndications and say, hey, I'd to pay you a thousand bucks for five hours of your time. Or you just to walk me through what a typical deal looks like or what the underwriting looks like. Or go sit in on a hundred multifamily syndication investor videos, presentations. So you can see all the different things they're talking about and become as much of an expert there as you can. So that way you're reducing your risk without having to do a lot of the.   diversification. So focus on whatever your highest and best use of time is on your active income and then become as knowledgeable as you can for whatever you're investing in passively. What I like to say on the passive side is it's not truly passive. Nothing's truly passive. But the best investments are the one where all the work is done upfront. You do your due diligence and then it becomes passive.   Yeah, that's awesome, man. And then what you can do though is diversify within that strategy, right? Absolutely. Yeah, different asset types can have different business strategy, value add, or maybe you're dealing with just a class A where you're chasing yield or across different cities, different geographies, or across different sponsorship teams. There's other ways to diversify within that same type of investment strategy. Yep. All right, man, let's jump into the Freedom 4.   Scott (45:05.598) It's time for the Freedom Four.   What's the best thing you do to keep your mind and body healthy?   So for me, it's admitting when I need a break. I know so many people that it's a badge of honor to work 80 hours a week, 52 weeks a year, never take a vacation. I'm just the opposite. If I wake up one morning and I'm tired and I don't feel like working and I don't feel like I'm gonna be productive, I will grab a book. I might even turn on the TV. I might say to my wife, hey, let's go to breakfast or let's go spend the day, let's go to a movie.   And I have no qualms with just saying, I need a break today. Today's not gonna be a productive day. I don't need to pretend to work just so I can have that badge of honor that I work hard. And so, yeah, and that's one of the nice things about real estate. mean, I don't have a hundred percent flexible work-life balance. I can't do anything I want any time I want, but if I wanna take a couple hours off, I normally can. And so I'm not scared to do that.   Yeah, yeah, that's a great answer. With all your success, what is one limiting belief that you've crushed along the way and how did you get past it?   Scott (46:15.734) Yeah, I still have a lot of them. I think we all do. But I'd say the biggest one is that doing a big deal is not that much harder than doing a little deal. I'm not going to say a hundred million dollar deal is just as easy as a hundred thousand dollar deal. But if you're smart enough to do a hundred thousand dollar deal, you're smart enough to do a hundred million dollar deal. And the people that are out there doing those hundred million dollar deals, mean, we have, we now have a hundred million dollars assets under management.   I remember a couple of years ago, looking at the people that had nine figures under management and thinking, they're different. I can't do that. These are people, went to some school that I will never go to, or they were born into something that I was never born into, or they know people I don't know, or whatever it is. No, they're normal people. And the only difference between them and me was I wasn't thinking big enough.   and I wasn't willing to take some risks and I wasn't willing to acknowledge the fact that doing again, a hundred million dollar deal is certainly within my capabilities. So that to me has been probably the biggest one and it's made it a lot easier for me now to say, okay, $50 million deal, let's go do it, not think twice.   Yeah. I had a similar experience working in, in, big law, doing house flips, doing single family rentals, things like that. And even though my clients are doing 50, a hundred million dollar deals and I'm helping them close those deals, it was just like the mindset shift that, a minute, I can do those deals too. I'm actually giving them advice on how to, how to do this thing. I need to step up my game and, and, take some.   Exactly, it's the difference between people doing a hundred million, a hundred thousand, it's all mindset.   Seth Bradley (48:00.866) Yep, absolutely. What's one actual step our listeners can do right now to start creating more freedom.   take action. So the biggest thing that I see stopping people is just this fear to take the first step. And I know this doesn't apply to a lot of your listeners, but I talked to a lot of people who want to get into house flipping or they want to get into rentals and they've been thinking about it for years and they just never take that first step and then they end up giving up. One of the the few truisms I see in this business   is that there are two types of people I meet. Number one, I meet people that have never done a deal. They've done zero deals. And maybe they're still working on it. Maybe they've given up whatever it is, but they've done zero deals. And then the other type of people I meet in this business are people that have done a lot of deals. They've done five or 10 or 20 or 50 deals. There's one type of person I never ever meet in this business. And that's somebody that's done one deal. Because if you get that one deal, you're gonna get the second and the third and the fifth and the tenth.   Nobody does one deal and then says, okay, that's it, I'm done. can't do this. So what I like to tell people is, and that applies to a lot of things in life. If you can get over the hump and do it once, you're gonna get that snowball effect and it gets easier the second time. It gets even easier the third, it gets even easier the hundred. So don't give up until you achieve that first step or that first iteration of whatever it is you wanna achieve because that's gonna get that snowball rolling.   Yeah. Yeah. We preach that on their show all the time. Just like, you know, just do a deal, just invest in a deal so you can get that experience and it'll just kind of open up your mind to other opportunities. You'll just see opportunity all around you. Once you just do one deal last but not least, how it's passive income made your life better.   Scott (49:51.886) Passive income has given me the ability and the confidence to raise a family. Before this, my biggest concern with raising a family was I didn't want to be, I had, my parents were great, but my parents were always working. And I didn't want to be the same type of father that my parents were. Again, they were fantastic, but I wanted to always be there. I wanted to be at every soccer game, every piano recital.   I wanted to be able to go into school for the parent-teacher conferences. so passive income has really given me the ability to build my life around my family as opposed to building my life around   Love that, love that. It's been fantastic, brother. We're gonna listen and find out more about you.   Yeah, anybody wants to get more info, go to www.connectwithjscott, just letter J, Scott, connectwithjscott.com, and that'll link you out to everything you might wanna find.   Awesome man. Talk soon.   Scott (50:54.945) Awesome. Thanks,   All right, Mr. Jay Scott from Master House Flipper to multifamily syndicator. He's a master of creating profitable, well-oiled business machines. I've been reading Jay's bigger pockets books for years and it's awesome to have the opportunity to have him on the show today. Major key, focus. Focus on transitioning your active income to passive income and don't get distracted. All right, if you're ready for a change, you're ready to take action.   partner with us on one of our next passive real estate deals. Go to passiveincomeattorney.com and join our Esquire Passive Investor Club. All right, kiddos, as always, enjoy the journey.   Thank you for listening to the Passive Income Attorney Podcast with Seth Bradley. Do you want more ideas on how to generate multiple streams of passive income? Then jump over to passiveincomeattorney.com for show notes and resources. Then apply for the private Facebook community by searching for the Passive Income Attorney on Facebook. And we'll see you on the next episode.   Links from the Show and Guest Info and Links: Seth Bradley's Links: https://x.com/sethbradleyesq https://www.youtube.com/@sethbradleyesq www.facebook.com/sethbradleyesq https://www.threads.com/@sethbradleyesq https://www.instagram.com/sethbradleyesq/ https://www.linkedin.com/in/sethbradleyesq/ https://passiveincomeattorney.com/seth-bradley/ https://www.biggerpockets.com/users/sethbradleyesq https://medium.com/@sethbradleyesq https://www.tiktok.com/@sethbradleyesq?lang=en J. Scott's Links: https://www.linkedin.com/in/jscottinvestor/ https://www.instagram.com/jscottinvestor/ https://x.com/jscottinvestor https://linktr.ee/jscottinvestor

Work with Jimmy & the Vreeland Capital Team to build a 20-Unit Portfolio that will get you the equivalent of a retirement account 3X faster with a third of the capital. Visit https://tinyurl.com/mainstreetpatriot-getstarted - - - - - - - Summary In this episode of the Real Estate Fastpass Podcast, Jimmy Vreeland sits down with longtime Vreeland Capital client Derrick Shannonhouse who shares his journey from military service to becoming a successful corporate executive and then a passive real estate investor. He discusses the importance of cash flow versus equity, the challenges of managing properties, and the strategies he employed to maximize his investments, including leveraging 1031 exchanges and becoming a real estate professional. Derrick also emphasizes the significance of leadership skills gained from his military background and how they have contributed to his success in both real estate and corporate America. The conversation concludes with advice for aspiring investors to take action and not wait for the perfect moment to start their real estate journey. Takeaways Derrick's journey into real estate began with his parents' investment in rental properties. He emphasizes the importance of cash flow and equity in real estate investments. Derrick learned to expect neutral cash flow from his properties, allowing for long-term ownership. He successfully leveraged 1031 exchanges to grow his portfolio. Becoming a real estate professional unlocked significant tax benefits for Derrick and his wife. Derrick highlights the importance of documentation for tax purposes. He discusses the differences between short-term and long-term rentals and their respective challenges. The passive income paradox illustrates how real estate can lead to greater productivity in one's career. Derrick reflects on the leadership skills gained from his military experience and their impact on his career. He encourages aspiring investors to take action and not wait for the perfect moment. Chapters 00:00 Introduction and Background 02:57 Real Estate Journey Begins 04:53 Cash Flow vs. Equity Growth 10:41 Navigating Challenges in Real Estate 12:18 Equity Building Strategies 13:25 Leveraging Real Estate Professional Status 18:26 Tax Benefits and Long-Term Planning 21:00 Understanding Tax Benefits in Real Estate 23:54 Navigating Short-Term Rentals vs. Long-Term Rentals 27:55 The Passive Income Paradox 32:21 Leadership Lessons from Military Experience 39:28 The Importance of Taking Action in Real Estate About Jimmy Vreeland Jimmy graduated from the United States Military Academy at West Point, spent 5 years as an Army Ranger, and deployed three times twice to Iraq and once to Afghanistan. On his last deployment, he read Rich Dad Poor Dad by Robert Kiyosaki which led him down the path of real estate investing. As his own portfolio grew, eventually he started a real estate investing business.  Since 2018 his team at Vreeland Capital has supplied over 100 houses a year to high performing, passive investors who want to work with his team and his team is now managing over 800 houses. Get in touch with Jimmy and his team at www.jimmyvreeland.com/getstartedinrealestate More about Jimmy Website: www.jimmyvreeland.com Linkedin: www.linkedin.com/in/jimmy-vreeland Instagram: www.instagram.com/jimmyvreeland Facebook: www.facebook.com/JimmyVreeland Youtube: www.youtube.com/@JimmyVreelandC >>>>>>Get free access to the private Ranger Real Estate facebook group

Whitney shares her path from early house hacking to building a diverse portfolio across asset classes and layers of the capital stack. She explains why express car washes (not gas-station automatics or high-labor full-service models) can be a high-margin, subscription-friendly business—when you buy right, operate at scale, and choose the right corner. We dig into seasonality, water-use rules, equipment choices, and competition, plus how her team centralized third-party management across 30 locations in ~15 communities to gain purchasing power and in-house tech talent. Whitney also lays out how passive investors can evaluate these deals, target a healthy mix of subscription vs. single-pay customers, and balance cash flow today with equity plays when market cycles turn. Key Takeaways Express car wash ≠ automated gas-station bay. It's a long, smart tunnel with minimal staff and strong unit economics. Subscriptions smooth revenue. Targets around 75–80% recurring, while keeping single-pay volume for new-customer flow. Location is everything. Right submarket, right side of the road, and strong daily traffic (convenience wins). Scale matters. Centralized ops, in-house techs, and bulk contracts can lift margins beyond mom-and-pop levels. Risk & fit for LPs. Understand seasonality, local water policy, equipment vintage, and whether you're taking development risk. Portfolio strategy. Diversify across asset classes and up/down the capital stack to ride different market cycles.   - Get Interviewed on the Show! - ================================== Are you a real estate investor with some 'tales from the trenches' you'd like to share with our audience? Want to get great exposure and be seen as a bonafide real estate pro by your friends? Would you like to inspire other people to take action with real estate investing? Then we'd love to interview you! Find out more and pick the date here: http://daveinterviewsyou.com/

In today's episode of Zen and the Art of Real Estate Investing, Jonathan welcomes Emanuel Stafilidis, founder and chief investment strategist at Capable Capital. Emanuel introduces listeners to the PASS system, which stands for Passive Affordable Seller-Financing System. With over 30 years of real estate experience, he has built a strategy around acquiring moderately priced homes, structuring seller-financed deals, and creating long-term, stable income streams for investors while helping buyers achieve homeownership. Emanuel explains why seller financing offers a compelling alternative to traditional rentals. By targeting homes under $100,000, often under $60,000, he creates opportunities for buyers who conventional lenders underserve. Seller financing not only provides affordability but also encourages buyers to take pride in their homes, reducing turnover and maintenance costs for investors. Emanuel and Jonathan discuss the importance of market selection, landlord-friendly states, and the stability of this approach compared to the variability of rental property management. Throughout the conversation, Emanuel shares his personal journey, including early struggles with money management, lessons learned from decades of investing, and the critical role mentorship played in his growth. He highlights how PASS benefits both investors and buyers, bridging the gap in markets where banks often refuse to lend on lower-priced properties. The episode also explores how Capable Capital provides options for direct property investment or fund participation, making this strategy accessible to both seasoned and passive investors. Tune in to hear how Emanuel's PASS framework is helping investors build wealth while opening doors to homeownership for families across the country. In this episode, you will hear: The PASS framework and how it generates true passive income Why moderately priced housing creates opportunities that traditional lenders ignore How seller financing reduces turnover and shifts maintenance responsibility to buyers The role of landlord-friendly states in supporting this investment model Emanuel's lessons on money management and the value of mentorship in real estate success How seller financing fills a market gap where banks won't lend on lower-priced homes The importance of building a strong network and mentorship to scale a real estate strategy Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. Supporting Resources: Capable Capital website - www.capablecapital.net Capable Capital on YouTube - www.youtube.com/@capablecapital Emanuel Stafilidis on Facebook - www.facebook.com/emanuel.stafilidis.33 Emanuel's Instagram - www.instagram.com/capable_capital Connect with Emanuel on LinkedIn - www.linkedin.com/in/emanuelstafilidis Emanuel's Twitter/X - x.com/manuest2 Company LinkedIn - www.linkedin.com/company/capablecapital-net Company Facebook - www.facebook.com/capablecapital.net Capable Capital Investor Introduction - calendar.app.google/H5vJh2yyFEDs5zL3A Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

Interview recorded - 9th of September, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming on Lobo Tiggre. Lobo is the founder of the Independent Speculator. During our conversation we spoke about his outlook on the economy, inflation risks, central banks diversifying to gold, weaker employment data, copper, uranium and more. I hope you enjoy!0:00 - Introduction2:41 - Outlook on the economy4:10 - Inflation6:58 - Oil market10:52 - Oil supply dynamics12:30 - Investors losing faith in government bonds20:57 - Passive buyer of gold25:10 - Employment revisions28:39 - Copper27:30 - Uranium42:54 - One message to takeaway?Lobo Tiggre is the founder, CEO, and principal analyst and editor of Louis James, LLC. He researched and recommended speculative opportunities in Casey Research publications from 2004 to 2018, writing under the name “Louis James” for privacy reasons. While at Casey Research, he learned about the newsletter business from Casey co-founder David Galland, and resource speculation from the legendary speculator Doug Casey himself.Although frequently mistaken for one, Mr. Tiggre is not a professional geologist. Nor does he hold the CFA designation, and he is not a licensed financial advisor. Tiggre is a speculator who, during his time with Doug Casey, also learned from many other industry leaders, including Sprott-Global's Rick Rule, former newsletter writer Bob Bishop, fellow newsletter writer and geologist Brent Cook, exploration geologist and multiple mine-finder Ron Parratt, and many others.This resulted in a track record of winning recommendations outpacing losers by a wide margin, resulting in extraordinary overall gains. Due to copyright issues, we cannot reproduce or document that track record. However, the average of the yearly gains published by Casey Research for their flagship publication, the International Speculator, was 18.5% per year during Tiggre's time with the publication. A fully transparent, documented, and verifiable track record is a central feature of Louis James LLC services.Prior to his work at Casey Research, Mr. Tiggre was a writer and publisher involved in numerous ventures. In 1998, he published his first novel, Y2K: The Millennium Bug. In 2012, he co-authored Doug Casey's first book in almost two decades, Totally Incorrect. This was followed by another book co-authored with Doug Casey in 2014, Right on the Money. Tiggre has plans for several new books going forward, both fiction and non-fiction.Mr. Tiggre is a graduate of Aiglon College in Chesières-Villars, Switzerland. His formal education included studies in physics at Rensselaer Polytechnic Institute. He also studied economics at UNC Chapel Hill, and wrapped up with a magna cum laude BA in sociology from Duke university.Tiggre grew up speaking both Spanish and English. He later learned French, German, and is now working on Russian. He is happily married with five children. He lives in San Juan, Puerto Rico.Lobo Tiggre - Website - https://independentspeculator.com/X - https://x.com/duediligenceguyWTFinance - Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

In this episode of What's the Risk we're joined by the CEO of Dimensional Australia Bhanu Singh. This is our second episode with Bhanu as we learn more about the "the biggest fund manager you've never heard of".In this episode we take a look at the intricacies of the active vs passive debate, and find out Bhanu's definition of passive. Bhanu also explains how the flexibility of Dimensional's approach allows them to trust the market, but also not be tied to the rigidity of index tracking rules which can lead to higher trading costs, overweighting some stocks, or having a long delay before a stock is included in an index, potentially costing investors returns.Dimensional have a deep research pedigree. Their founders and board members were part of some of the biggest developments in modern finance. David Booth and Rex Sinquefield were part of various groups who developed the first index funds at Wells Fargo and American National Bank, before leaving to start DFA where they then started Dimensional to build the first microcap fund for institutions.Want to learn more about investing? Get our Book: https://www.amazon.com.au/Your-Investment-Philosophy-Protecting-Fraudsters-ebook/dp/B0BCPJ8BGC/ https://www.mfg.com.au Mancell Financial Group is an Authorised Representative No. 226266 and Credit Representative No. 403187 of FYG Planners Pty Ltd, AFSL/ACL No. 224543. ABN 29 009 541 253. Hosted on Acast. See acast.com/privacy for more information.

Title: How to Quit Your W-2 and Never Look Back with Jamie Bateman Summary: In this episode of Raise the Bar Radio, Seth Bradley welcomes Jamie, a military veteran turned real estate and mortgage note investor, who shares his story of transitioning from a W-2 career into entrepreneurship and financial freedom. Jamie discusses the phases of his life, including collegiate sports, military service, and a long stint at the Department of Defense before pivoting to real estate and eventually mortgage note investing. He emphasizes how discipline shaped his journey and how shifting mindset, focusing on strengths, and leveraging his network were key to taking ownership of his life and finances. Jamie also dives deep into the mortgage note investing space, explaining how performing and non-performing notes work, the active nature of the business, and how he now offers passive investment opportunities for accredited investors. He closes by highlighting the importance of planning with intention, overcoming perfectionism, and using passive income to create margin and freedom in life. Links to Watch and Subscribe:  https://youtu.be/nRyX8_YA9YI Bullet Point Highlights: Discipline builds freedom - Sports, military, and entrepreneurship all instilled the value of discipline, which Jamie says is critical for success and freedom. W-2 life wasn't the path - Jamie recognized through his commute and stagnant career trajectory that he didn't want to follow the traditional path, sparking his exit plan. Mindset shift was essential - He stopped consuming negative news and started focusing on education and his strengths to shift into entrepreneurship. Mortgage note investing explained - Performing notes offer cash flow while non-performing notes offer the chance to add value, akin to fix and flips. However, both are active businesses, not passive. Passive income fuels risk-taking - Creating passive income streams allowed Jamie to take entrepreneurial risks while maintaining financial security. Action beats perfection - As an entrepreneur, chasing perfection isn't practical. Done is better than perfect. Reverse planning drives clarity - Backwards planning from a vivid vision 3-5 years into the future increases urgency and helps set clear, intentional actions. Final advice - Start by investing passively to learn, and later you can decide whether to become active. Don't underestimate the transferable skills you already possess. Transcript: (Seth Bradley) (00:02.062) What's up, builders? This is Raise the Bar Radio, where we talk about building wealth, raising capital, and all in all, raising the bar in your business and your life. This is the No BS podcast for capital raisers, investors, and entrepreneurs who are serious about scaling their business and living life on their own terms. I'm Seth Bradley, securities attorney, real estate investor, and entrepreneur, bringing you world-class strategies from the best in the game.   If you're ready to raise more capital, close bigger deals, build a better you and create true financial freedom, you're in the right place. Let's go. Jamie, what's going on, brother? Welcome to the show.   Thanks Seth, is awesome. I'm excited to be here and I'm hoping to add some value.   Absolutely, man. Third time's a charm. We've been trying to get this scheduled after I was on your show, which was fantastic. Had a really good time on that show and I think it turned out pretty good. I know we're going to deliver on this one as well.   Yeah, we're gonna try to try to I'll try to do as good a job as you did. So yeah, was that was a yeah, no, I that was a very, very good episode from adversity to abundance. highly recommend your your listeners check that one out to your episode on that show. So thanks for thanks for doing that.   (Seth Bradley) (01:20.086) Absolutely, man. You're an incredible interviewer. I've net, that's the only, I've been on dozens of podcasts and, you know, you pulled out a lot of things for me that I've, I've never talked about on the air. So it's pretty, pretty awesome. Pretty awesome show, man.   Appreciate that.   Cool man, well let's just jump right into your background man. What's your story? Take it back as far as you'd like to brother.   Yeah. Man, I'd like to think that life has phases. So I've had a few different phases in my life. I come from a large family. I'm the oldest of seven kids and we always had a competitive background as far as team sports and things like that. So I played lacrosse in college. That was always a foundational piece of my life and just kind of   think from there learned how to be a part of something bigger than myself and how to work toward a common goal with a with a team. So that's been something that's been a kind of a thread through my life and then got married and joined the military and actually joined the military technically before I got married, but seemed like I got married and then ran off and ran away from my wife. But it's not exactly what happened. But   (Jamie Bateman) (02:36.02) I joined the military, was an officer in the US Army. I did miss my first three wedding anniversaries through deployment and things like that. And again, it was a matter of trying to be plugged into something, you know, to serve and be a part of something bigger than myself and trying to add value like I think we all want to do. I've obviously glossed over a lot of details, but those were a couple of inflection points, I guess, if you will, like you like to talk about, I know.   And so my military career transitioned into a career with the Department of Defense as a civilian, and did 14 years as a civilian with DoD at Fort Meade. And the first half, so the first seven, for all you math wizards out there, was full time. And then the second half, the second seven years was part time. And that   seven years is when I was really building my businesses, which are largely real estate investing and mortgage note investing focus. So we can get into the details there. And then in 2022, I ended up quitting my job and now I have a few different small businesses that I run. And like you, Seth, I've got a lot of different things that I'm juggling and   You know, so, but yeah, I love talking about taking ownership of your financial situation and taking ownership of your life really. And I know that you and I have that in common. So yeah, that's a high level overview of my background.   Awesome, man. I appreciate that. There's a lot to unpack there. You know, going back to playing sports all the way up to the collegiate level, that's incredible. I always like to think even playing like popcorn or football back in the day, you need a way to instill discipline in yourself. And that's kind of the oldest memory I can think of where it was hard, right? Like it was like you've got a coach screaming at you.   (Seth Bradley) (04:38.134) Like back in the day, it's like, you know, they wouldn't give you water unless you like, you know, for like an hour, which I don't think they do that anymore now. But, you you had to earn that drink of water and all those sorts of things. But you you really learned what it's like to work hard and you really learned what discipline was all about. And I would say that and you can you can expand on this. But I would say that, you know, being in the military yourself, that takes it to a whole new level.   Right. It's like you got that from sports. You got that from the military.   Yeah, definitely. I mean, obviously, they're very different in a lot of ways. But that is certainly a common theme is being disciplined. And people, people shy away from that word, because it just sounds like work or no fun and no flexibility. But I found that having discipline in your life ends up adding more freedom in a sense, because you kind of have your foundational pieces set in stone, you don't have to think about those. And so, yeah, regarding   team sports, it's really a matter of, you know, everyone doing their part, right. And so there's a level of individual discipline and, and then just, and then also just kind of putting the putting the group ahead of yourself. Obviously, you know, you want individual, there's nothing wrong with individual accolades. And I was certainly chasing, you know, those individual accolades. It's not something I shied away from, I was definitely was wrapped up in   trying to be an All-American and that kind of thing. And did get that a couple of times, you know, but at the end of the day, nobody really cares about that. And the way I viewed it was if I was doing my part, and I got those, you if I was scoring goals in lacrosse, as an example, that means I'm contributing to, you know, to the team, right. And so there's obviously a fine line there, but of going too far, either way. But yeah, that discipline is critical.   (Jamie Bateman) (06:36.73) you know, even it's certain I played at a high level in college and there was year round your training your your your into it. It was a division three school but it but the reality was we worked just as hard as any any D one program and yeah, it's it's a these are skills that have paid off and are absolutely transferable to the rest of life.   For sure. Yeah, I think you've got to get those intangible things. You've got to develop them somewhere along the way, whatever that is, if that's sports or the military or from your parents. mean, you can get it from different places, but you definitely need it. I mean, we're in different stages of our life at this point. talking about a lot. We talk about freedom and flexibility and fun to try to get away from kind of the W-2 mindset.   But in order to achieve freedom, flexibility and fun in a successful way, have to be disciplined to be able to get there. You had to have done something successfully to be able to get there or maybe what separates you from the guy living in a van down by the river. That guy has freedom and flexibility. I don't know about fun, maybe fun, but it's a different, obviously it's a different outcome.   Yeah, and I, I think I still need, you I still use a lot of discipline today. It's still, still required, but it's, I guess it's self imposed. And, you know, I just love, love having that flexibility and that freedom that comes along with being an entrepreneur. So yeah, it's been a central piece to my success for sure. But I still, I don't think it ever, you know, goes away. I just get to pick and choose what, you know, what discipline I want to   kind of enforce on myself, I guess. So yeah, absolutely. And as you said, the military was a huge part of that for me as well. I mean, that's a different kind of, different kind of discipline and different kind of teamwork and different, you know, if you lose the lacrosse game, okay, you lost the lacrosse game, but military the stakes are a little higher. So maybe certain things are more important attention to detail or critic is critical and   (Jamie Bateman) (08:53.73) But at the end of the day, it's, the same principles apply across both, I guess, sectors, if you will.   For sure. So let's dive into that transition. You started working kind of part-time there for seven years, so that seems like a transitional period. How were you able to progress from that W2? And what I've heard you say is call yourself a W2 quitter. I love that. How were you able to progress from a W2 person to a W2 quitter? What enabled you to do that and what that transition looked like?   I mean, you know, I do remember in 2015, probably a little bit maybe maybe say 2014. But I just you get, you know, I had a wife and two kids and I had the commute the long commute that I know a lot of people can identify with. So it just was Groundhog Day was the same thing over and over and over. And that's not me sitting here complaining about my family or having having the opportunity to work.   But after a while, it gets old. Let's just be real, right? So it's like you're sitting in traffic and I just, you start looking at, you know, I worked for the government and you look around and you say, who, okay, who's sort of ahead of me on this? Like you, like I think you probably mentioned on our, on your, your show and my, show, your episode, you look around to the people who are more kind of further along the path than you. You say, do you want to be that person? Is that the life you want? And man, I did not want that.   And it just just having that just super long term just you know, pot at the end of the rainbow, I guess, nothing driving me in the interim, man, it was it was just it was brutal. So I probably did a little woes me for a little bit there a little victim mentality for a bit. But then you start to realize, like, okay, if you don't take ownership of your own life, no one's going to right. So   (Jamie Bateman) (10:54.934) No one's going to come in and do this for you. So I'm not sure what truly, you know, created the change in my mindset, but my mindset absolutely started to change and it just made a shift. And I, and I stopped watching cable news. I stopped, just, you know, stop paying attention to all the things that I can't control. And I couldn't control back then and, and started saying, no, what do I have? What are my strengths? Who is in my, who's back to the team thing.   who's on my team, who's in my network that I can add value to and who can add value to me. So I started looking around and my father was a realtor for many years. My brother was a loan officer. We had one rental property at the time. I had worked at, I didn't mention, I worked at a title company and I worked for a mortgage broker before as well briefly. So I had this experience that a lot of people don't have and that's   you know, that doesn't mean I'm better than anyone. It just means these are my strengths. So let's point to that. And let's use that. So I started really being intentional about focusing on my strengths and my assets that I had in my life, right. And then another asset that I used to see as a liability was the time in the car. So I started listening to podcasts. you know, and then it turned into wait, I don't even want to go into work yet. Because this this podcast episode is amazing. And I'm learning so much.   know, bigger pockets and all the other real estate podcasts and different investing podcasts and started using that mental bandwidth instead of focusing on national media stories that I have zero influence over. Here's something that I can actually take action on. And so in mid 2015, I went part time and it just so happens that at   DoD is one of the few agencies in the in federal government where you can go part time and still keep your benefits. So I still had health insurance for my family. You know, most people don't have that option necessarily, but well, I did. So that's what I did. And, and, you know, that's, again, decided to decide to start building my my other streams of income outside of my W two.   (Jamie Bateman) (13:15.752) my circumstances been different if I was single, I probably would have just quit the whole thing, right? But I was able to have that kind of laddered approach, I guess, or tiered approach to kind of ripping off the bandaid.   Yeah, yeah, no, that's awesome. I love just the idea of taking ownership of your life, right? Like everybody has those moments where they're feeling sorry for themselves. But the successful people, they don't sit there and stay in that mindset. They move on. You're going to be there sometimes where you've got to get out of it. You got to say, OK, what can I control? What can I change? And you don't say you don't give other people the power to control.   you and your mindset and how you feel about your life. Right. Like that's that's that's the thing. Like if you you're constantly blaming someone else or saying this happened to me rather than what can I do to get myself out of it, then you're going to be stuck there forever. You're going to be absolutely going to be spinning your wheels forever. And a lot of that, I think, helps because you said you don't listen. You don't watch the news. I don't either. No, it's a waste of time. What control? What does that do for us? If I do watch it.   I literally do it for entertainment and you look at it as an entertain. I look at it like I'm watching. I look at it like this is funny. Like I can, you know what I mean? You kind of analyze it like, this is funny. This guy's saying this in a debate. Right. This guy's saying that it's not taking it as a news and this is how I should live my life because of what they're saying.   sports almost.   (Jamie Bateman) (14:43.341) Fact.   (Jamie Bateman) (14:48.078) Absolutely. And it's not to say that none of these topics are important, mean, global war, politics, poverty, global warming, whatever, it's all very important, but I have zero control over it, almost zero, right? And then the other thing is fear sells and that's what they're selling. And so it doesn't mean that every story is invented and it's all fake news, but it's   it just doesn't serve me. And so I'd rather focus on, you know, go ground up and kind of just, I see it in people, maybe older people in my own life now who maybe are retired and they watch the news all day. And it's like, they won't travel because they saw a news story that the airports are packed or something. And, you know, it's, I'm sure that story was, was accurate, right. But it, but the, but the news can filter out and you end up only focusing on   the negative really, and it just didn't serve me. yeah, during that lot, the second seven years, I was able to build out my wife and I were doing single family real estate investing and doing a lot of the BRRRR method that maybe some of your audience is familiar with. And so kind of putting that capital back into the rental property machine and expanding our portfolio. And then eventually last year, well, and   2018, made the pivot, I kept the rental properties, but made a pivot to also add on mortgage note investing. And that's been my primary focus as of late. And if you want, can tell the story quickly about how I actually quit my job in 2022. I think it's kind of a funny one.   Absolutely, let's do it.   (Jamie Bateman) (16:38.318) All right. So, I, so I, two years ago, I was playing badminton and, I'd been doing now, mind you, I used to be like tough, you know, athlete. And like I did, you know, did jujitsu for three years right up before this. And, know, I used to lift weights a lot and still do it here and there, but, you know, I think I'm tough. Right. And,   ruptured my Achilles playing badminton. So that's an ego blow to add on to the physical pain that you know, especially with the recovery. So rupture my Achilles a little over two years ago today and I was out of work, it was my right right foot. And the reason I bring this up is not for sympathy, but to say, you know, I couldn't drive for three months. So I actually, yeah, and I had tons of leave from from work and   By this time, I was tired, really tired of my, I was pretty much checked out. Like I think you, might've been at your, your big law job, but I was, I was checked out. mean, I wasn't the best employee at this point. And so I took as much leave as I, as I could, you know, reasonably right. And so, but couldn't drive. And so I was out for three months and I come back. So come back into work and I'd had discussions with my wife about, about leaving. was just a matter of, of when, not if.   That's right   (Jamie Bateman) (18:04.43) I can tell you truthfully, I had no idea that I was going to quit this day, but I came back in from having been out for three months. Mind you, no one gave me a call. No one from work, no one from my management gave me a call the entire three months I was out, other than to say, to ask me, are you vaccinated? Because you have to be vaccinated to be, to get inside the building. Now, I don't want this to turn into some controversial vaccine discussion.   or get your podcast banned from something but yes, I'd been vaccinated to answer the question. But no one asked me how's your how's your recovery going? Like how you what do you you know, how's your life? You know, what's it's just are you vaccinated, you need to get that shot before you come in? Okay, great. Thanks. I really feel welcome here. So I'm already just, you know, you know what, screw this place, right? Come back in and just   go to my desk, and this is this is an office space kind of thing where I go to my desk and there's some there's an Air Force kid at my desk and long story short, they kind of moved me somewhere else without telling me I can't find my desk, I finally find it, it's got a box with my name on it with, you know, monitors sideways and all and clearly not a functioning desk and, you know, office space. So I literally quit that day. And I just say that it's just like,   I knew 100 % I was done. My wife didn't know I quit, but I quit that day. Still worked for another month or two, but there was no question, zero question in my mind, I'm done with this place. So that was March of 2022. And ever since then, I've just focused on building out my businesses and having look back.   That's awesome. Sometimes you just know, right? Like sometimes it's done. You just knew. I love that story, man. For me, it was a little bit. You already know the story, but for me, it was a little bit more of someone else's decision. I got fired. mean, and you mentioned that, you you weren't the best employee at that point. Correct. I knew the same thing. And it's great to have awareness and perspective and kind of looking back now, you're like, I would have done the same thing. Like this guy doesn't want to be here.   (Seth Bradley) (20:21.292) His output isn't what it should be. Like, he's got to go. mean, he's not the best employee. And as a business owner now, I have really good perspective of that and seeing that. And they were doing me a favor by being like, hey, your heart's not in it, it? And I'm like, no, it's not.   It's not. Yeah. The reality is for me, it's really hard to work. know, once you go part time, I mean, I knew I was casting a vote against my career progression there. So as soon as I went part time in 2015, I wasn't saying I'm in this for the long haul guys. This is this is my focus. You know, it's the writing's somewhat on the wall. Looking back, it's almost surprising. I lasted as long as I did. But so, yeah, haven't looked back and just loved love the entrepreneurial   you know, day to day and freedom that you alluded to and just the multiple streams of income and certainly has its challenges. I probably work harder now than ever than I ever have. But it's by choice. So I love it.   Exactly. Same here, man. mean, it's, you my days are long. I mean, I get up way before I used to get up when I had a 95. I worked past when I would have worked a 95 and definitely more hours. But when you're doing it for yourself and you're doing it because you're working towards something that you believe in, it doesn't feel like you're putting that much time in.   Definitely. I wake up early. A lot of days not on purpose is because I'm just excited to get cracking.   (Seth Bradley) (21:55.886) So, yeah. absolutely. Yeah. Well, let's kind of get into your current business. I know you mentioned that you focused on your strengths and your assets. Yeah. And, you know, I think it's important. just say it's important to take an inventory of what your strengths are when you're kind of considering going into something else, because a lot of our listeners are attorneys, they're doctors, folks like that. They kind of feel like maybe they're pigeonholed, right? Like, well, if I'm not an attorney, what the hell else can I do?   Right. And like, I don't know anything about real estate investing or node investing or starting a business or anything like that. But if you really take a step back, you probably have a lot of skills that you've learned and honed in your career that you can use for something else moving forward. And that was that's what you were able to   to do. Definitely. And one thing I'd say is that, you know, one thing that's always comforting for me is nobody knows everything, right? So you can always find somebody who knows more than you in a certain area. You know, there's one quote about every man is my superior in something, right? So basically, it gives me a lot of comfort to know, like, just because an attorney listening to your show knows a   way more than I do about a particular topic and probably many, many other topics. That doesn't mean I'm less of a person or you know, I don't know more than that attorney does in another area. So it's okay, I'm never going to know everything. There are other people who've already figured it out. So you know, that's, that's always comforting to me is to when I say look to your strengths, it's also looking to the people in your network who know, it can help you get to where you want to go. So yeah, I mean,   So many things we take for granted that we do know. you know, example, when I started working at a title company, fresh out of college, because it was my first real job, and it paid, you know, a salary. I realized quickly how little I knew about title insurance settlements, you know, just just basic stuff. Now looking back, pretty basic stuff. But you don't know that unless you work for a title company, or you're heavily involved in this, you don't you're not.   (Jamie Bateman) (24:10.03) trained in that in school typically, right? So, you know, you forget and so your your listener out there, the attorney, the doctor, guarantee they have a lot of life experience, not just from their professional world, but just life experience that they shouldn't take for granted. And the fact that you can go through law school and then be, you know, be an effective attorney, or go through medical school and be an effective doctor, that that means you you can learn things, right? And so   Again, I'll go back to life as seasons. I mean, you've shown that in your own story, Seth, like, you know, it's a, doesn't mean just because I started a certain business doesn't mean that's going to be what I'm going to be doing for the next 20 years, or just because I'm an attorney now, it doesn't mean that's what I have to do for the rest of my life. So we always have options. mean, you might look back and wish you'd done something differently or something, but you only have one chance at this. And so,   you know, just make the most of it and just keep, think, keep learning constantly is critical. I just hired a business coach, we've had one call. But one of his mottos is, you know, one of his sayings is that he's always he's in permanent beta. So he's always changing, always improving, he's always growing. So I'm trying to trying to implement that as well.   (Seth Bradley) (25:40.64) the interruption, but we don't do ads. Instead, know that if you're raising capital for real estate, my law firm, RaiseLaw, is here to give you the expert legal guidance you need to raise capital compliantly and structure and close your deal. And if you're looking for a done-for-you fund-to-fund solution, Tribest is the industry's only all-in-one setup and fund administration solution. Visit Raise.Law and Tribest.com to learn more.   Yeah, I love that permanent beta. I haven't heard that before, but I like that. I like that phrase. like that phrase. So tell me about your current business. Tell me about MortgageNode Investing. Start with the basics. What is it?   Yeah, so and, and I'll try to keep it, there's so much to it. But again, none of it is difficult. It's just a lot of moving parts and you've got to, you know, takes time to learn. We buy debt, so we buy a mortgage note, and that could be performing or non performing. The real high level version is, is a performing note is kind of like a long term buy and hold rental property.   but you're buying the debt and becoming the lender, becoming the bank, if you will. And so you're buying that performing note for cashflow. So I buy a performing note, the borrower now pays me through a loan servicer and I get monthly payments. So that's a great way to go. The problem with that is you can't really add value to that asset very well. You're kind of, it is what it is. And in fact, with mortgage notes, the value actually goes down over time, generally speaking, because   principal balance goes down. So it's just, it's worth less than, you know, then, you know, then it would then it was when you bought it. Then on the other side, the non performing side of things, we buy those as well. And those are more like a fix and flip property. So although we're still buying the debt, we're not buying the property. But there's a chance to add value, there's an opportunity to buy distressed asset and add value to that asset and then sell that that non performing note, either well,   (Jamie Bateman) (27:49.826) I should say sell that asset, whether that's as a re performing note, or as through the the real estate itself, there are a few different ways you can exit a non performing note deal. And but, but back to your kind of one of the themes thus far, one of the reasons I got into specifically that space was that I understood the real estate space. So I understood the single family, residential real estate space. So it wasn't a huge leap for me to go from   owning the property to now owning the debt on that property. Whereas it would have been a lot bigger leap for me to say, I to start buying distressed, you know, multifamily debt, which I know you could probably help me understand better. But at that, you know, it's like, incremental progress and change isn't that scary. So I kind of expanded my, you know, toolbox, if you will.   and got into the mortgage note space. So we have a couple of note funds. One is open currently and they're all for accredited investors. the income fund that's open pays a monthly, aims to pay a monthly preferred return. I know you and a lot of your listeners are attorneys, so I gotta hold the line here. And...   So the fund is structured to pay, to aim to pay a monthly return of 8%. It's not a, there's no growth in that fund. It's literally a cashflow play and diversification play. You're putting your capital in. We buy assets across the country. We've bought notes in probably 25 states at this point. And so the investment is diversified across geographic areas, across borrower types.   And we buy for a certain yield, we take a small management fee, and then we ideally pay the preferred return that we're aiming for to our investors.   (Seth Bradley) (29:56.686) Yeah, nice. 506c, you're able to talk about it. It's a credit investors only. Just want to that out there. yeah, I mean, so just going back to the basics a little bit and we'll get back into the fun. Like, how do you, how do you even find these things? mean, yeah, that's, how do you get started? How do you find these things?   So I mean, that is an ongoing challenge. I'm not going to lie to you. That's one of the things that truthfully a passive investor who doesn't have time to develop the network to go find these assets, they're just not going to have success. They might here and there, but it takes time. It's a word of mouth industry, just like real estate itself is. so we've built out a network of sellers and that could be   quite honestly, I've never had luck buying directly from banks. It's really either a larger Mortgage Note fund that's closing. So it might be a three year fund and then they've got to, they've got to liquidate, they've got to figure out how to sell off what to do with these assets. And so that's a great opportunity to buy is just a fund that's closing or somebody a note investor who's getting out of note investing or they've had a life change or something, you know, where   they just, there's an opportunity to buy from them as well. And so there are other, you know, I guess we buy from hedge funds, note investors, other note funds. There are also note brokers as well out there. There are also some online exchanges like paper stack and a couple of others that you can go and I've bought and sold on paper stack and other exchanges as well.   And you can find assets there. But at the end of the day, have our list of people that we work with regularly. And I would say one thing is that doing due diligence on a note seller is just as important as due diligence on the assets that they're selling. And so it's taken some work and it's a work in progress always. But it is the million dollar question is where do find these assets?   (Seth Bradley) (32:12.598) Yeah. So that's the hard part, right? Finding these assets is the hard part. Have you ever had to foreclose on any of these notes and actually acquire the property? And I guess a follow-up question is, do you ever look at a non-performing note like, hey, I actually want to own that property?   So, great questions. Yeah, great questions. To be clear, we're not trying to kick people, you know, grandma out on onto the street or anything like that. You know, that's not our goal typically. Well, that's never our goal. But we're never trying to kick someone out of their home. But the reality is, some people honestly need a little bit of a kick in the pants. And oftentimes, that's not really the best them staying in the house is not often   the best scenario for them. know that might sound harsh, but at end of the day, if someone can't afford to live somewhere, sometimes these people are living in squalor and they really need a change of environment. To answer your question about do we target the property? Yes, sometimes we do. In fact, we just closed on to, they're called heckum loans or reverse mortgages, where the borrowers are deceased. The property is underwater, meaning, you know,   the loan amount is higher, than the property value. And it should be a quick exit through the property. So HUD will sell off these big pools of reverse mortgages. And we were able to purchase two of them very recently. It's a vacant property, you're not doing an eviction, borrower is deceased, you've got to work through the heirs or foreclosure and exit the property that way.   If your listener wants to go to my website, I've got a really good Jacksonville blog post, I've got a couple of blog posts about this deal. I still hold this rental today. And it was a non performing note that we purchased a few years ago. And I had no intention of exiting through the property or holding, holding the property as a rental property, but running the numbers, it just was too good to, to let go. so long story, but we, we   (Jamie Bateman) (34:22.51) ended up doing a deed in lieu of foreclosure actually in this case and got the property back and now it's a long-term buy and hold property for my own rental portfolio.   Yeah, that makes sense. It makes sense. There's always multiple ways to look at an investment, right? But it does sound, you know, it's not something that I've executed on myself, but it sounds like this is an active business, right? And that's why you've put together an income fund for people that want to get involved passively. as everybody knows, there's active investments, there's passive investments. If you're to do something active.   Maybe your returns are going to be a little bit better, but you're going to give up a lot of time and effort to get those returns. So if you want to go the passive side, if you're still full-time in your career, you're a full-time doctor or lawyer or whatever you are, these passive investments are the way to go without having to know every single detail about a new business.   Yeah, and I don't know if you can see this, but I wear this specifically for your for this   There it is. There it is.   (Jamie Bateman) (35:29.272) Passive income. You're absolutely right. You know, these gurus, some of the some of the note investing gurus out there will try to sell, you know, notes as passive. We have another blog post that talks about just the it's a spectrum, there's active and passive on either end. But at end of the day, if you're going to note investing in my world is very, very active. And we have a non performing note fund that's considerably more active than the performing note fund. So   You're dealing with foreclosures, bankruptcies, deed and loo, tracking delinquent property taxes. Do I have to physically go anywhere? No, but it is not passive. But that's why we offer the passive investment for people who, like you said, have maybe more capital than time or energy, and they want to put that capital to work.   That's right. There are certain gurus out there that, know, whatever it is that they are pitching, they tend to always pitch it as passive, even though it is an active business, that's money. Whether that's a mortgage note or I mean, people will pitch Airbnb short term rentals as passive. They're like, well, you can delegate this and you can, you know, you can automate that and there's software for all these things. But you still got to put all that stuff together.   Mm-mm.   (Seth Bradley) (36:48.396) You've still got to monitor all those things. still got to oversee all these different aspects of a business. And that's what it is. It's a business that you're running and it's not passive. Like, it's not, it's not. And it is on a spectrum. Some things are more passive than others, but when you're investing in, you know, as a passive investor into some sort of a fund or syndication, that's really leaning really far into the passive side.   Absolutely, 100%. And I'm, as you are, Seth, I'm, I assume you are, I know you're an active investor, but I do have passive investments myself in other, other funds, other note funds, and, and my own, my own note funds as well. And so nothing wrong with doing both, but I would say you need to be careful about, you know, you got to make a decision at some point, do you want to scale this thing and make this really a business? Or do you do you are you satisfied with?   potentially a little bit lower return and you are giving up some control but much, you know, much fewer headaches and just a lot less work.   Right. Yeah. And a lot of, you know, lot of the listeners are high income earning professionals. So they've already dedicated, put a lot of time and effort into being able to earn this much money from their W2. And that's probably your best bet, to be honest with you. I've been there. I was in those shoes. You're probably better off putting your head down and like, let's grind for a few years. Let's not spend every single dollar that we make on all the new stuff on a new car every two years or every year.   in a bigger house that you don't need. Like, let's set aside some of that and invest it passively. And then maybe one of those will stick. Maybe one of those passive investments will be a mortgage no fund where you're like, man, I kind of like this business. I like the sound of it. I've learned about it. And then you start maybe progressing on the active side and maybe that takes over. And you want to get into that as a business, as an entrepreneur. But a great way to kind of dip your toe in the water is to become a passive investor. That's the way that I did it in the,   (Seth Bradley) (38:53.186) multifamily syndications. invested passively in a number of deals first and kind of learned about it, learned the ropes and I'm like, I can do this. And then that's when I made the transition.   Yeah, definitely. It really comes down to what your goals are and what your situation is, for sure. I'll say I was too passive initially when I went into notes, because personally, just don't... You were probably a little better student, Seth. Not that I was a bad student, I invest... Unless I'm actively investing, I'm just not going to learn a lot. So the reality is, yeah, it's fine to learn about the asset class. You definitely should learn about the operator for sure.   you're putting capital with them, but you're not going to once you're getting your checks and your disbursements, you're not going to probably learn a whole lot about how to do that on the active side. And so that's what we're here for.   Yeah, yeah, it's more of like a spark of an interest, right? Like maybe you already have that spark and then you invest passively. Then you're like, OK, well, now I'm invested. Like, let me learn about this. And you have to have to actively go out there and educate yourself and network and talk to people that are in the business.   Definitely, 100%.   (Seth Bradley) (40:01.71) Alright man, before we jump into the Freedom Four, you have one last golden nugget for our listeners.   Oh, I would say within when it comes to investing, you know, take the long term view. Don't chase immediate returns. You know, I do think just, yeah, it's certainly we all want to make a million dollars tomorrow. But I think it's it's a play the long game when it comes to investing. I think that's critical.   Love that man. All right, let's jump into the freedom form. What's the best thing you do to keep your mind and body healthy?   Yeah, I mean, one thing that I instituted this year, actually, is breathwork. And it's, you know, it's so it takes 10 minutes. And per day for me, at least. And it's been phenomenal. And it's something that quite honestly, as a, as a, you know, athlete back in the day, or even in the military, I would have scoffed at something like this, to be honest with you, because it's just, you know, it's not manly or whatever. And it's like, it is phenomenal. So breathwork,   I mean, I do other things for sure. But that's certainly this year, it's been a game changer for me. I just feel like it resets my central nervous system. It just gets me focused. And I know there are other physiological benefits that you can ask Dr. Andrew Huberman or somebody else about.   (Seth Bradley) (41:26.153) Cool. I'll have to look into that. actually have it. mean, obviously everybody talks about it's a hot topic. Yeah. I haven't gotten into it. I haven't gotten into that plus like the cold plunges and that sort of thing. Yeah. But I really want to want to   So I don't know how much you can cut this out if we don't have time, but I had a, I'm just going to be, be open about this. I just had a, you know, in late December, I got a viral infection, like a neurovirus. And then I had, I had a, what I think was a pretty severe panic attack and it was super scary. And so that's why I started doing this. And somebody on my team actually sent me a, I guess we'll call it an implement or a tool that   I use for the breath work. It's blue. There's a Bluetooth connection to your phone and it's pretty cool. So it's structured and back to that discipline, right? But yeah, so it's, there was a reason I started doing it and it's, it's so accessible in five to 10 minutes a day. You can start doing it. So I recommend. Cool.   Thanks for sharing that man. With all your success, what is one limiting belief that you've crushed along the way and how did you get past it?   I think just, you know, being afraid to, you know, that you have to be perfect, right? So I used to be an editor back in the day. And so many things would just not get done or not get completed within our team, our organization, because it had to be perfect. And it's like, I think as I've progressed into more of the entrepreneurial lifestyle and   (Jamie Bateman) (43:02.35) is just it's not a it's not an option anymore. So yeah, I think just taking action has kind of overcome that limiting belief of chasing perfection.   Yeah, I can agree with you there. Done not perfect. Yes. My background as an attorney, mean, we're paid to be perfect. We can't make mistakes, especially in contracts and the way that we write things. But when you make that transition over to being an entrepreneur, there's too much to do to be perfect. You just got to get it done. Good enough.   Absolutely. Good enough. You have to be willing to accept that for sure.   What's one actionable step our listeners can do right now to start creating more freedom?   I'll use the military here, which is where I learned kind of reverse backwards planning, reverse planning. literally just, and I'm not going to tell you I'm perfect at this, but, you know, think about what, create a vivid vision for your life in the next three to five years, pick it, pick three years out from today. And what do you want your life to look like? And then backwards plan. And now I'm not saying you need to plan every minute of every day, but   (Jamie Bateman) (44:20.876) you can be that will that will increase the urgency, sense of urgency in your life and the intentionality of every every hour and every day because you realize this is doable, but I got to take ownership of my current situation if I want this to be the reality in three years. So I would say, create a vivid vision and and kind of reverse or backwards plan to get there.   Perfect, perfect. Last but not least, House Passive Income made your life better.   Yeah, I mean, I think in multiple ways, but a big one that stands out is giving me, I guess we'll call it margin to take some more risks on the entrepreneurial side. And because I do have alternative sources of income, passive income, it's allowed me that kind of mental and financial bandwidth or margin to maybe invest in a company that even if it   doesn't go perfectly, or doesn't go well, it's not profitable, that's okay. I still have that cushion for me and my family. that's, yeah, it's a huge, it's been a huge factor in that regard.   Yeah, absolutely. Game changer, man. It just changes your mindset, changes your life in so many ways. Jamie, this has been incredible, dude. You've got so much great content to share in your brain, man. You got to get out there. know you've got an awesome podcast that I was on, Adversity to Abundance. Everybody should check that out. Other than that, Jamie, where else can people find out more about you? Yeah.   (Jamie Bateman) (45:54.924) Just two things I'll mention very quickly. Literally got my book delivered today, like an hour before I hopped on here. It's from adversity to abundance. It is based on the podcast. So I encourage your listener to check that out from adversity to abundance is the book that's out. then labradorlending.com, L A B R A D O R.com is where you can check us out.   All right, man. Awesome. I'll drop all that in the show notes. Thanks again for coming on, brother.   Thanks for having me, Seth. This has been great.   (Seth Bradley) (46:26.978) Thanks for tuning in to Raise the Bar Radio. If you enjoyed today's episode, make sure to subscribe, leave a review, and share it with someone who needs to hear it. Keep pushing, keep building, and keep raising the bar. Until next time, enjoy the journey. Links from the Show and Guest Info and Links: Seth Bradley's Links: https://x.com/sethbradleyesq https://www.youtube.com/@sethbradleyesq www.facebook.com/sethbradleyesq https://www.threads.com/@sethbradleyesq https://www.instagram.com/sethbradleyesq/ https://www.linkedin.com/in/sethbradleyesq/ https://passiveincomeattorney.com/seth-bradley/ https://www.biggerpockets.com/users/sethbradleyesq https://medium.com/@sethbradleyesq https://www.tiktok.com/@sethbradleyesq?lang=en Jamie Bateman's Links: https://x.com/batemanjames https://www.facebook.com/batemanjames https://www.threads.com/@batemanjames11?xmt=AQF0nwaIL6JD_GK94lbTvHphHOmWwlUyt3TkeHLav-vXU_E https://www.instagram.com/batemanjames11/ https://www.linkedin.com/in/jamie-bateman-5359a811/ https://labradorlending.com/about/ https://podcasts.apple.com/us/podcast/from-adversity-to-abundance/id1618672867 https://open.spotify.com/show/7JjGWsKVzzEI8UwXP9GONZ https://www.youtube.com/@FromAdversity2AbundancePodcast

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In this inspiring conversation, Therese welcomes Scarlett Stanhope—also known as The Biz Hippie—a financial coach who helps heart-centered coaches conquer their finances, own their worth, and thrive doing the work they love.Scarlett shares the powerful turning point in her life: a near-death, out-of-body experience after consuming a high dose of cannabis that shook her out of passivity and awakened her to the urgency of truly living. This experience became the catalyst for transforming her relationship with money, her mindset, and her purpose.Together, Therese and Scarlett explore:

Title: How to Quit Your W-2 and Never Look Back with Jamie Bateman Summary: In this episode of Raise the Bar Radio, Seth Bradley welcomes Jamie, a military veteran turned real estate and mortgage note investor, who shares his story of transitioning from a W-2 career into entrepreneurship and financial freedom. Jamie discusses the phases of his life, including collegiate sports, military service, and a long stint at the Department of Defense before pivoting to real estate and eventually mortgage note investing. He emphasizes how discipline shaped his journey and how shifting mindset, focusing on strengths, and leveraging his network were key to taking ownership of his life and finances. Jamie also dives deep into the mortgage note investing space, explaining how performing and non-performing notes work, the active nature of the business, and how he now offers passive investment opportunities for accredited investors. He closes by highlighting the importance of planning with intention, overcoming perfectionism, and using passive income to create margin and freedom in life. Links to Watch and Subscribe:  https://youtu.be/nRyX8_YA9YI Bullet Point Highlights: Discipline builds freedom - Sports, military, and entrepreneurship all instilled the value of discipline, which Jamie says is critical for success and freedom. W-2 life wasn't the path - Jamie recognized through his commute and stagnant career trajectory that he didn't want to follow the traditional path, sparking his exit plan. Mindset shift was essential - He stopped consuming negative news and started focusing on education and his strengths to shift into entrepreneurship. Mortgage note investing explained - Performing notes offer cash flow while non-performing notes offer the chance to add value, akin to fix and flips. However, both are active businesses, not passive. Passive income fuels risk-taking - Creating passive income streams allowed Jamie to take entrepreneurial risks while maintaining financial security. Action beats perfection - As an entrepreneur, chasing perfection isn't practical. Done is better than perfect. Reverse planning drives clarity - Backwards planning from a vivid vision 3-5 years into the future increases urgency and helps set clear, intentional actions. Final advice - Start by investing passively to learn, and later you can decide whether to become active. Don't underestimate the transferable skills you already possess. Transcript: (Seth Bradley) (00:02.062) What's up, builders? This is Raise the Bar Radio, where we talk about building wealth, raising capital, and all in all, raising the bar in your business and your life. This is the No BS podcast for capital raisers, investors, and entrepreneurs who are serious about scaling their business and living life on their own terms. I'm Seth Bradley, securities attorney, real estate investor, and entrepreneur, bringing you world-class strategies from the best in the game.   If you're ready to raise more capital, close bigger deals, build a better you and create true financial freedom, you're in the right place. Let's go. Jamie, what's going on, brother? Welcome to the show.   Thanks Seth, is awesome. I'm excited to be here and I'm hoping to add some value.   Absolutely, man. Third time's a charm. We've been trying to get this scheduled after I was on your show, which was fantastic. Had a really good time on that show and I think it turned out pretty good. I know we're going to deliver on this one as well.   Yeah, we're gonna try to try to I'll try to do as good a job as you did. So yeah, was that was a yeah, no, I that was a very, very good episode from adversity to abundance. highly recommend your your listeners check that one out to your episode on that show. So thanks for thanks for doing that.   (Seth Bradley) (01:20.086) Absolutely, man. You're an incredible interviewer. I've net, that's the only, I've been on dozens of podcasts and, you know, you pulled out a lot of things for me that I've, I've never talked about on the air. So it's pretty, pretty awesome. Pretty awesome show, man.   Appreciate that.   Cool man, well let's just jump right into your background man. What's your story? Take it back as far as you'd like to brother.   Yeah. Man, I'd like to think that life has phases. So I've had a few different phases in my life. I come from a large family. I'm the oldest of seven kids and we always had a competitive background as far as team sports and things like that. So I played lacrosse in college. That was always a foundational piece of my life and just kind of   think from there learned how to be a part of something bigger than myself and how to work toward a common goal with a with a team. So that's been something that's been a kind of a thread through my life and then got married and joined the military and actually joined the military technically before I got married, but seemed like I got married and then ran off and ran away from my wife. But it's not exactly what happened. But   (Jamie Bateman) (02:36.02) I joined the military, was an officer in the US Army. I did miss my first three wedding anniversaries through deployment and things like that. And again, it was a matter of trying to be plugged into something, you know, to serve and be a part of something bigger than myself and trying to add value like I think we all want to do. I've obviously glossed over a lot of details, but those were a couple of inflection points, I guess, if you will, like you like to talk about, I know.   And so my military career transitioned into a career with the Department of Defense as a civilian, and did 14 years as a civilian with DoD at Fort Meade. And the first half, so the first seven, for all you math wizards out there, was full time. And then the second half, the second seven years was part time. And that   seven years is when I was really building my businesses, which are largely real estate investing and mortgage note investing focus. So we can get into the details there. And then in 2022, I ended up quitting my job and now I have a few different small businesses that I run. And like you, Seth, I've got a lot of different things that I'm juggling and   You know, so, but yeah, I love talking about taking ownership of your financial situation and taking ownership of your life really. And I know that you and I have that in common. So yeah, that's a high level overview of my background.   Awesome, man. I appreciate that. There's a lot to unpack there. You know, going back to playing sports all the way up to the collegiate level, that's incredible. I always like to think even playing like popcorn or football back in the day, you need a way to instill discipline in yourself. And that's kind of the oldest memory I can think of where it was hard, right? Like it was like you've got a coach screaming at you.   (Seth Bradley) (04:38.134) Like back in the day, it's like, you know, they wouldn't give you water unless you like, you know, for like an hour, which I don't think they do that anymore now. But, you you had to earn that drink of water and all those sorts of things. But you you really learned what it's like to work hard and you really learned what discipline was all about. And I would say that and you can you can expand on this. But I would say that, you know, being in the military yourself, that takes it to a whole new level.   Right. It's like you got that from sports. You got that from the military.   Yeah, definitely. I mean, obviously, they're very different in a lot of ways. But that is certainly a common theme is being disciplined. And people, people shy away from that word, because it just sounds like work or no fun and no flexibility. But I found that having discipline in your life ends up adding more freedom in a sense, because you kind of have your foundational pieces set in stone, you don't have to think about those. And so, yeah, regarding   team sports, it's really a matter of, you know, everyone doing their part, right. And so there's a level of individual discipline and, and then just, and then also just kind of putting the putting the group ahead of yourself. Obviously, you know, you want individual, there's nothing wrong with individual accolades. And I was certainly chasing, you know, those individual accolades. It's not something I shied away from, I was definitely was wrapped up in   trying to be an All-American and that kind of thing. And did get that a couple of times, you know, but at the end of the day, nobody really cares about that. And the way I viewed it was if I was doing my part, and I got those, you if I was scoring goals in lacrosse, as an example, that means I'm contributing to, you know, to the team, right. And so there's obviously a fine line there, but of going too far, either way. But yeah, that discipline is critical.   (Jamie Bateman) (06:36.73) you know, even it's certain I played at a high level in college and there was year round your training your your your into it. It was a division three school but it but the reality was we worked just as hard as any any D one program and yeah, it's it's a these are skills that have paid off and are absolutely transferable to the rest of life.   For sure. Yeah, I think you've got to get those intangible things. You've got to develop them somewhere along the way, whatever that is, if that's sports or the military or from your parents. mean, you can get it from different places, but you definitely need it. I mean, we're in different stages of our life at this point. talking about a lot. We talk about freedom and flexibility and fun to try to get away from kind of the W-2 mindset.   But in order to achieve freedom, flexibility and fun in a successful way, have to be disciplined to be able to get there. You had to have done something successfully to be able to get there or maybe what separates you from the guy living in a van down by the river. That guy has freedom and flexibility. I don't know about fun, maybe fun, but it's a different, obviously it's a different outcome.   Yeah, and I, I think I still need, you I still use a lot of discipline today. It's still, still required, but it's, I guess it's self imposed. And, you know, I just love, love having that flexibility and that freedom that comes along with being an entrepreneur. So yeah, it's been a central piece to my success for sure. But I still, I don't think it ever, you know, goes away. I just get to pick and choose what, you know, what discipline I want to   kind of enforce on myself, I guess. So yeah, absolutely. And as you said, the military was a huge part of that for me as well. I mean, that's a different kind of, different kind of discipline and different kind of teamwork and different, you know, if you lose the lacrosse game, okay, you lost the lacrosse game, but military the stakes are a little higher. So maybe certain things are more important attention to detail or critic is critical and   (Jamie Bateman) (08:53.73) But at the end of the day, it's, the same principles apply across both, I guess, sectors, if you will.   For sure. So let's dive into that transition. You started working kind of part-time there for seven years, so that seems like a transitional period. How were you able to progress from that W2? And what I've heard you say is call yourself a W2 quitter. I love that. How were you able to progress from a W2 person to a W2 quitter? What enabled you to do that and what that transition looked like?   I mean, you know, I do remember in 2015, probably a little bit maybe maybe say 2014. But I just you get, you know, I had a wife and two kids and I had the commute the long commute that I know a lot of people can identify with. So it just was Groundhog Day was the same thing over and over and over. And that's not me sitting here complaining about my family or having having the opportunity to work.   But after a while, it gets old. Let's just be real, right? So it's like you're sitting in traffic and I just, you start looking at, you know, I worked for the government and you look around and you say, who, okay, who's sort of ahead of me on this? Like you, like I think you probably mentioned on our, on your, your show and my, show, your episode, you look around to the people who are more kind of further along the path than you. You say, do you want to be that person? Is that the life you want? And man, I did not want that.   And it just just having that just super long term just you know, pot at the end of the rainbow, I guess, nothing driving me in the interim, man, it was it was just it was brutal. So I probably did a little woes me for a little bit there a little victim mentality for a bit. But then you start to realize, like, okay, if you don't take ownership of your own life, no one's going to right. So   (Jamie Bateman) (10:54.934) No one's going to come in and do this for you. So I'm not sure what truly, you know, created the change in my mindset, but my mindset absolutely started to change and it just made a shift. And I, and I stopped watching cable news. I stopped, just, you know, stop paying attention to all the things that I can't control. And I couldn't control back then and, and started saying, no, what do I have? What are my strengths? Who is in my, who's back to the team thing.   who's on my team, who's in my network that I can add value to and who can add value to me. So I started looking around and my father was a realtor for many years. My brother was a loan officer. We had one rental property at the time. I had worked at, I didn't mention, I worked at a title company and I worked for a mortgage broker before as well briefly. So I had this experience that a lot of people don't have and that's   you know, that doesn't mean I'm better than anyone. It just means these are my strengths. So let's point to that. And let's use that. So I started really being intentional about focusing on my strengths and my assets that I had in my life, right. And then another asset that I used to see as a liability was the time in the car. So I started listening to podcasts. you know, and then it turned into wait, I don't even want to go into work yet. Because this this podcast episode is amazing. And I'm learning so much.   know, bigger pockets and all the other real estate podcasts and different investing podcasts and started using that mental bandwidth instead of focusing on national media stories that I have zero influence over. Here's something that I can actually take action on. And so in mid 2015, I went part time and it just so happens that at   DoD is one of the few agencies in the in federal government where you can go part time and still keep your benefits. So I still had health insurance for my family. You know, most people don't have that option necessarily, but well, I did. So that's what I did. And, and, you know, that's, again, decided to decide to start building my my other streams of income outside of my W two.   (Jamie Bateman) (13:15.752) my circumstances been different if I was single, I probably would have just quit the whole thing, right? But I was able to have that kind of laddered approach, I guess, or tiered approach to kind of ripping off the bandaid.   Yeah, yeah, no, that's awesome. I love just the idea of taking ownership of your life, right? Like everybody has those moments where they're feeling sorry for themselves. But the successful people, they don't sit there and stay in that mindset. They move on. You're going to be there sometimes where you've got to get out of it. You got to say, OK, what can I control? What can I change? And you don't say you don't give other people the power to control.   you and your mindset and how you feel about your life. Right. Like that's that's that's the thing. Like if you you're constantly blaming someone else or saying this happened to me rather than what can I do to get myself out of it, then you're going to be stuck there forever. You're going to be absolutely going to be spinning your wheels forever. And a lot of that, I think, helps because you said you don't listen. You don't watch the news. I don't either. No, it's a waste of time. What control? What does that do for us? If I do watch it.   I literally do it for entertainment and you look at it as an entertain. I look at it like I'm watching. I look at it like this is funny. Like I can, you know what I mean? You kind of analyze it like, this is funny. This guy's saying this in a debate. Right. This guy's saying that it's not taking it as a news and this is how I should live my life because of what they're saying.   sports almost.   (Jamie Bateman) (14:43.341) Fact.   (Jamie Bateman) (14:48.078) Absolutely. And it's not to say that none of these topics are important, mean, global war, politics, poverty, global warming, whatever, it's all very important, but I have zero control over it, almost zero, right? And then the other thing is fear sells and that's what they're selling. And so it doesn't mean that every story is invented and it's all fake news, but it's   it just doesn't serve me. And so I'd rather focus on, you know, go ground up and kind of just, I see it in people, maybe older people in my own life now who maybe are retired and they watch the news all day. And it's like, they won't travel because they saw a news story that the airports are packed or something. And, you know, it's, I'm sure that story was, was accurate, right. But it, but the, but the news can filter out and you end up only focusing on   the negative really, and it just didn't serve me. yeah, during that lot, the second seven years, I was able to build out my wife and I were doing single family real estate investing and doing a lot of the BRRRR method that maybe some of your audience is familiar with. And so kind of putting that capital back into the rental property machine and expanding our portfolio. And then eventually last year, well, and   2018, made the pivot, I kept the rental properties, but made a pivot to also add on mortgage note investing. And that's been my primary focus as of late. And if you want, can tell the story quickly about how I actually quit my job in 2022. I think it's kind of a funny one.   Absolutely, let's do it.   (Jamie Bateman) (16:38.318) All right. So, I, so I, two years ago, I was playing badminton and, I'd been doing now, mind you, I used to be like tough, you know, athlete. And like I did, you know, did jujitsu for three years right up before this. And, know, I used to lift weights a lot and still do it here and there, but, you know, I think I'm tough. Right. And,   ruptured my Achilles playing badminton. So that's an ego blow to add on to the physical pain that you know, especially with the recovery. So rupture my Achilles a little over two years ago today and I was out of work, it was my right right foot. And the reason I bring this up is not for sympathy, but to say, you know, I couldn't drive for three months. So I actually, yeah, and I had tons of leave from from work and   By this time, I was tired, really tired of my, I was pretty much checked out. Like I think you, might've been at your, your big law job, but I was, I was checked out. mean, I wasn't the best employee at this point. And so I took as much leave as I, as I could, you know, reasonably right. And so, but couldn't drive. And so I was out for three months and I come back. So come back into work and I'd had discussions with my wife about, about leaving. was just a matter of, of when, not if.   That's right   (Jamie Bateman) (18:04.43) I can tell you truthfully, I had no idea that I was going to quit this day, but I came back in from having been out for three months. Mind you, no one gave me a call. No one from work, no one from my management gave me a call the entire three months I was out, other than to say, to ask me, are you vaccinated? Because you have to be vaccinated to be, to get inside the building. Now, I don't want this to turn into some controversial vaccine discussion.   or get your podcast banned from something but yes, I'd been vaccinated to answer the question. But no one asked me how's your how's your recovery going? Like how you what do you you know, how's your life? You know, what's it's just are you vaccinated, you need to get that shot before you come in? Okay, great. Thanks. I really feel welcome here. So I'm already just, you know, you know what, screw this place, right? Come back in and just   go to my desk, and this is this is an office space kind of thing where I go to my desk and there's some there's an Air Force kid at my desk and long story short, they kind of moved me somewhere else without telling me I can't find my desk, I finally find it, it's got a box with my name on it with, you know, monitors sideways and all and clearly not a functioning desk and, you know, office space. So I literally quit that day. And I just say that it's just like,   I knew 100 % I was done. My wife didn't know I quit, but I quit that day. Still worked for another month or two, but there was no question, zero question in my mind, I'm done with this place. So that was March of 2022. And ever since then, I've just focused on building out my businesses and having look back.   That's awesome. Sometimes you just know, right? Like sometimes it's done. You just knew. I love that story, man. For me, it was a little bit. You already know the story, but for me, it was a little bit more of someone else's decision. I got fired. mean, and you mentioned that, you you weren't the best employee at that point. Correct. I knew the same thing. And it's great to have awareness and perspective and kind of looking back now, you're like, I would have done the same thing. Like this guy doesn't want to be here.   (Seth Bradley) (20:21.292) His output isn't what it should be. Like, he's got to go. mean, he's not the best employee. And as a business owner now, I have really good perspective of that and seeing that. And they were doing me a favor by being like, hey, your heart's not in it, it? And I'm like, no, it's not.   It's not. Yeah. The reality is for me, it's really hard to work. know, once you go part time, I mean, I knew I was casting a vote against my career progression there. So as soon as I went part time in 2015, I wasn't saying I'm in this for the long haul guys. This is this is my focus. You know, it's the writing's somewhat on the wall. Looking back, it's almost surprising. I lasted as long as I did. But so, yeah, haven't looked back and just loved love the entrepreneurial   you know, day to day and freedom that you alluded to and just the multiple streams of income and certainly has its challenges. I probably work harder now than ever than I ever have. But it's by choice. So I love it.   Exactly. Same here, man. mean, it's, you my days are long. I mean, I get up way before I used to get up when I had a 95. I worked past when I would have worked a 95 and definitely more hours. But when you're doing it for yourself and you're doing it because you're working towards something that you believe in, it doesn't feel like you're putting that much time in.   Definitely. I wake up early. A lot of days not on purpose is because I'm just excited to get cracking.   (Seth Bradley) (21:55.886) So, yeah. absolutely. Yeah. Well, let's kind of get into your current business. I know you mentioned that you focused on your strengths and your assets. Yeah. And, you know, I think it's important. just say it's important to take an inventory of what your strengths are when you're kind of considering going into something else, because a lot of our listeners are attorneys, they're doctors, folks like that. They kind of feel like maybe they're pigeonholed, right? Like, well, if I'm not an attorney, what the hell else can I do?   Right. And like, I don't know anything about real estate investing or node investing or starting a business or anything like that. But if you really take a step back, you probably have a lot of skills that you've learned and honed in your career that you can use for something else moving forward. And that was that's what you were able to   to do. Definitely. And one thing I'd say is that, you know, one thing that's always comforting for me is nobody knows everything, right? So you can always find somebody who knows more than you in a certain area. You know, there's one quote about every man is my superior in something, right? So basically, it gives me a lot of comfort to know, like, just because an attorney listening to your show knows a   way more than I do about a particular topic and probably many, many other topics. That doesn't mean I'm less of a person or you know, I don't know more than that attorney does in another area. So it's okay, I'm never going to know everything. There are other people who've already figured it out. So you know, that's, that's always comforting to me is to when I say look to your strengths, it's also looking to the people in your network who know, it can help you get to where you want to go. So yeah, I mean,   So many things we take for granted that we do know. you know, example, when I started working at a title company, fresh out of college, because it was my first real job, and it paid, you know, a salary. I realized quickly how little I knew about title insurance settlements, you know, just just basic stuff. Now looking back, pretty basic stuff. But you don't know that unless you work for a title company, or you're heavily involved in this, you don't you're not.   (Jamie Bateman) (24:10.03) trained in that in school typically, right? So, you know, you forget and so your your listener out there, the attorney, the doctor, guarantee they have a lot of life experience, not just from their professional world, but just life experience that they shouldn't take for granted. And the fact that you can go through law school and then be, you know, be an effective attorney, or go through medical school and be an effective doctor, that that means you you can learn things, right? And so   Again, I'll go back to life as seasons. I mean, you've shown that in your own story, Seth, like, you know, it's a, doesn't mean just because I started a certain business doesn't mean that's going to be what I'm going to be doing for the next 20 years, or just because I'm an attorney now, it doesn't mean that's what I have to do for the rest of my life. So we always have options. mean, you might look back and wish you'd done something differently or something, but you only have one chance at this. And so,   you know, just make the most of it and just keep, think, keep learning constantly is critical. I just hired a business coach, we've had one call. But one of his mottos is, you know, one of his sayings is that he's always he's in permanent beta. So he's always changing, always improving, he's always growing. So I'm trying to trying to implement that as well.   (Seth Bradley) (25:40.64) the interruption, but we don't do ads. Instead, know that if you're raising capital for real estate, my law firm, RaiseLaw, is here to give you the expert legal guidance you need to raise capital compliantly and structure and close your deal. And if you're looking for a done-for-you fund-to-fund solution, Tribest is the industry's only all-in-one setup and fund administration solution. Visit Raise.Law and Tribest.com to learn more.   Yeah, I love that permanent beta. I haven't heard that before, but I like that. I like that phrase. like that phrase. So tell me about your current business. Tell me about MortgageNode Investing. Start with the basics. What is it?   Yeah, so and, and I'll try to keep it, there's so much to it. But again, none of it is difficult. It's just a lot of moving parts and you've got to, you know, takes time to learn. We buy debt, so we buy a mortgage note, and that could be performing or non performing. The real high level version is, is a performing note is kind of like a long term buy and hold rental property.   but you're buying the debt and becoming the lender, becoming the bank, if you will. And so you're buying that performing note for cashflow. So I buy a performing note, the borrower now pays me through a loan servicer and I get monthly payments. So that's a great way to go. The problem with that is you can't really add value to that asset very well. You're kind of, it is what it is. And in fact, with mortgage notes, the value actually goes down over time, generally speaking, because   principal balance goes down. So it's just, it's worth less than, you know, then, you know, then it would then it was when you bought it. Then on the other side, the non performing side of things, we buy those as well. And those are more like a fix and flip property. So although we're still buying the debt, we're not buying the property. But there's a chance to add value, there's an opportunity to buy distressed asset and add value to that asset and then sell that that non performing note, either well,   (Jamie Bateman) (27:49.826) I should say sell that asset, whether that's as a re performing note, or as through the the real estate itself, there are a few different ways you can exit a non performing note deal. And but, but back to your kind of one of the themes thus far, one of the reasons I got into specifically that space was that I understood the real estate space. So I understood the single family, residential real estate space. So it wasn't a huge leap for me to go from   owning the property to now owning the debt on that property. Whereas it would have been a lot bigger leap for me to say, I to start buying distressed, you know, multifamily debt, which I know you could probably help me understand better. But at that, you know, it's like, incremental progress and change isn't that scary. So I kind of expanded my, you know, toolbox, if you will.   and got into the mortgage note space. So we have a couple of note funds. One is open currently and they're all for accredited investors. the income fund that's open pays a monthly, aims to pay a monthly preferred return. I know you and a lot of your listeners are attorneys, so I gotta hold the line here. And...   So the fund is structured to pay, to aim to pay a monthly return of 8%. It's not a, there's no growth in that fund. It's literally a cashflow play and diversification play. You're putting your capital in. We buy assets across the country. We've bought notes in probably 25 states at this point. And so the investment is diversified across geographic areas, across borrower types.   And we buy for a certain yield, we take a small management fee, and then we ideally pay the preferred return that we're aiming for to our investors.   (Seth Bradley) (29:56.686) Yeah, nice. 506c, you're able to talk about it. It's a credit investors only. Just want to that out there. yeah, I mean, so just going back to the basics a little bit and we'll get back into the fun. Like, how do you, how do you even find these things? mean, yeah, that's, how do you get started? How do you find these things?   So I mean, that is an ongoing challenge. I'm not going to lie to you. That's one of the things that truthfully a passive investor who doesn't have time to develop the network to go find these assets, they're just not going to have success. They might here and there, but it takes time. It's a word of mouth industry, just like real estate itself is. so we've built out a network of sellers and that could be   quite honestly, I've never had luck buying directly from banks. It's really either a larger Mortgage Note fund that's closing. So it might be a three year fund and then they've got to, they've got to liquidate, they've got to figure out how to sell off what to do with these assets. And so that's a great opportunity to buy is just a fund that's closing or somebody a note investor who's getting out of note investing or they've had a life change or something, you know, where   they just, there's an opportunity to buy from them as well. And so there are other, you know, I guess we buy from hedge funds, note investors, other note funds. There are also note brokers as well out there. There are also some online exchanges like paper stack and a couple of others that you can go and I've bought and sold on paper stack and other exchanges as well.   And you can find assets there. But at the end of the day, have our list of people that we work with regularly. And I would say one thing is that doing due diligence on a note seller is just as important as due diligence on the assets that they're selling. And so it's taken some work and it's a work in progress always. But it is the million dollar question is where do find these assets?   (Seth Bradley) (32:12.598) Yeah. So that's the hard part, right? Finding these assets is the hard part. Have you ever had to foreclose on any of these notes and actually acquire the property? And I guess a follow-up question is, do you ever look at a non-performing note like, hey, I actually want to own that property?   So, great questions. Yeah, great questions. To be clear, we're not trying to kick people, you know, grandma out on onto the street or anything like that. You know, that's not our goal typically. Well, that's never our goal. But we're never trying to kick someone out of their home. But the reality is, some people honestly need a little bit of a kick in the pants. And oftentimes, that's not really the best them staying in the house is not often   the best scenario for them. know that might sound harsh, but at end of the day, if someone can't afford to live somewhere, sometimes these people are living in squalor and they really need a change of environment. To answer your question about do we target the property? Yes, sometimes we do. In fact, we just closed on to, they're called heckum loans or reverse mortgages, where the borrowers are deceased. The property is underwater, meaning, you know,   the loan amount is higher, than the property value. And it should be a quick exit through the property. So HUD will sell off these big pools of reverse mortgages. And we were able to purchase two of them very recently. It's a vacant property, you're not doing an eviction, borrower is deceased, you've got to work through the heirs or foreclosure and exit the property that way.   If your listener wants to go to my website, I've got a really good Jacksonville blog post, I've got a couple of blog posts about this deal. I still hold this rental today. And it was a non performing note that we purchased a few years ago. And I had no intention of exiting through the property or holding, holding the property as a rental property, but running the numbers, it just was too good to, to let go. so long story, but we, we   (Jamie Bateman) (34:22.51) ended up doing a deed in lieu of foreclosure actually in this case and got the property back and now it's a long-term buy and hold property for my own rental portfolio.   Yeah, that makes sense. It makes sense. There's always multiple ways to look at an investment, right? But it does sound, you know, it's not something that I've executed on myself, but it sounds like this is an active business, right? And that's why you've put together an income fund for people that want to get involved passively. as everybody knows, there's active investments, there's passive investments. If you're to do something active.   Maybe your returns are going to be a little bit better, but you're going to give up a lot of time and effort to get those returns. So if you want to go the passive side, if you're still full-time in your career, you're a full-time doctor or lawyer or whatever you are, these passive investments are the way to go without having to know every single detail about a new business.   Yeah, and I don't know if you can see this, but I wear this specifically for your for this   There it is. There it is.   (Jamie Bateman) (35:29.272) Passive income. You're absolutely right. You know, these gurus, some of the some of the note investing gurus out there will try to sell, you know, notes as passive. We have another blog post that talks about just the it's a spectrum, there's active and passive on either end. But at end of the day, if you're going to note investing in my world is very, very active. And we have a non performing note fund that's considerably more active than the performing note fund. So   You're dealing with foreclosures, bankruptcies, deed and loo, tracking delinquent property taxes. Do I have to physically go anywhere? No, but it is not passive. But that's why we offer the passive investment for people who, like you said, have maybe more capital than time or energy, and they want to put that capital to work.   That's right. There are certain gurus out there that, know, whatever it is that they are pitching, they tend to always pitch it as passive, even though it is an active business, that's money. Whether that's a mortgage note or I mean, people will pitch Airbnb short term rentals as passive. They're like, well, you can delegate this and you can, you know, you can automate that and there's software for all these things. But you still got to put all that stuff together.   Mm-mm.   (Seth Bradley) (36:48.396) You've still got to monitor all those things. still got to oversee all these different aspects of a business. And that's what it is. It's a business that you're running and it's not passive. Like, it's not, it's not. And it is on a spectrum. Some things are more passive than others, but when you're investing in, you know, as a passive investor into some sort of a fund or syndication, that's really leaning really far into the passive side.   Absolutely, 100%. And I'm, as you are, Seth, I'm, I assume you are, I know you're an active investor, but I do have passive investments myself in other, other funds, other note funds, and, and my own, my own note funds as well. And so nothing wrong with doing both, but I would say you need to be careful about, you know, you got to make a decision at some point, do you want to scale this thing and make this really a business? Or do you do you are you satisfied with?   potentially a little bit lower return and you are giving up some control but much, you know, much fewer headaches and just a lot less work.   Right. Yeah. And a lot of, you know, lot of the listeners are high income earning professionals. So they've already dedicated, put a lot of time and effort into being able to earn this much money from their W2. And that's probably your best bet, to be honest with you. I've been there. I was in those shoes. You're probably better off putting your head down and like, let's grind for a few years. Let's not spend every single dollar that we make on all the new stuff on a new car every two years or every year.   in a bigger house that you don't need. Like, let's set aside some of that and invest it passively. And then maybe one of those will stick. Maybe one of those passive investments will be a mortgage no fund where you're like, man, I kind of like this business. I like the sound of it. I've learned about it. And then you start maybe progressing on the active side and maybe that takes over. And you want to get into that as a business, as an entrepreneur. But a great way to kind of dip your toe in the water is to become a passive investor. That's the way that I did it in the,   (Seth Bradley) (38:53.186) multifamily syndications. invested passively in a number of deals first and kind of learned about it, learned the ropes and I'm like, I can do this. And then that's when I made the transition.   Yeah, definitely. It really comes down to what your goals are and what your situation is, for sure. I'll say I was too passive initially when I went into notes, because personally, just don't... You were probably a little better student, Seth. Not that I was a bad student, I invest... Unless I'm actively investing, I'm just not going to learn a lot. So the reality is, yeah, it's fine to learn about the asset class. You definitely should learn about the operator for sure.   you're putting capital with them, but you're not going to once you're getting your checks and your disbursements, you're not going to probably learn a whole lot about how to do that on the active side. And so that's what we're here for.   Yeah, yeah, it's more of like a spark of an interest, right? Like maybe you already have that spark and then you invest passively. Then you're like, OK, well, now I'm invested. Like, let me learn about this. And you have to have to actively go out there and educate yourself and network and talk to people that are in the business.   Definitely, 100%.   (Seth Bradley) (40:01.71) Alright man, before we jump into the Freedom Four, you have one last golden nugget for our listeners.   Oh, I would say within when it comes to investing, you know, take the long term view. Don't chase immediate returns. You know, I do think just, yeah, it's certainly we all want to make a million dollars tomorrow. But I think it's it's a play the long game when it comes to investing. I think that's critical.   Love that man. All right, let's jump into the freedom form. What's the best thing you do to keep your mind and body healthy?   Yeah, I mean, one thing that I instituted this year, actually, is breathwork. And it's, you know, it's so it takes 10 minutes. And per day for me, at least. And it's been phenomenal. And it's something that quite honestly, as a, as a, you know, athlete back in the day, or even in the military, I would have scoffed at something like this, to be honest with you, because it's just, you know, it's not manly or whatever. And it's like, it is phenomenal. So breathwork,   I mean, I do other things for sure. But that's certainly this year, it's been a game changer for me. I just feel like it resets my central nervous system. It just gets me focused. And I know there are other physiological benefits that you can ask Dr. Andrew Huberman or somebody else about.   (Seth Bradley) (41:26.153) Cool. I'll have to look into that. actually have it. mean, obviously everybody talks about it's a hot topic. Yeah. I haven't gotten into it. I haven't gotten into that plus like the cold plunges and that sort of thing. Yeah. But I really want to want to   So I don't know how much you can cut this out if we don't have time, but I had a, I'm just going to be, be open about this. I just had a, you know, in late December, I got a viral infection, like a neurovirus. And then I had, I had a, what I think was a pretty severe panic attack and it was super scary. And so that's why I started doing this. And somebody on my team actually sent me a, I guess we'll call it an implement or a tool that   I use for the breath work. It's blue. There's a Bluetooth connection to your phone and it's pretty cool. So it's structured and back to that discipline, right? But yeah, so it's, there was a reason I started doing it and it's, it's so accessible in five to 10 minutes a day. You can start doing it. So I recommend. Cool.   Thanks for sharing that man. With all your success, what is one limiting belief that you've crushed along the way and how did you get past it?   I think just, you know, being afraid to, you know, that you have to be perfect, right? So I used to be an editor back in the day. And so many things would just not get done or not get completed within our team, our organization, because it had to be perfect. And it's like, I think as I've progressed into more of the entrepreneurial lifestyle and   (Jamie Bateman) (43:02.35) is just it's not a it's not an option anymore. So yeah, I think just taking action has kind of overcome that limiting belief of chasing perfection.   Yeah, I can agree with you there. Done not perfect. Yes. My background as an attorney, mean, we're paid to be perfect. We can't make mistakes, especially in contracts and the way that we write things. But when you make that transition over to being an entrepreneur, there's too much to do to be perfect. You just got to get it done. Good enough.   Absolutely. Good enough. You have to be willing to accept that for sure.   What's one actionable step our listeners can do right now to start creating more freedom?   I'll use the military here, which is where I learned kind of reverse backwards planning, reverse planning. literally just, and I'm not going to tell you I'm perfect at this, but, you know, think about what, create a vivid vision for your life in the next three to five years, pick it, pick three years out from today. And what do you want your life to look like? And then backwards plan. And now I'm not saying you need to plan every minute of every day, but   (Jamie Bateman) (44:20.876) you can be that will that will increase the urgency, sense of urgency in your life and the intentionality of every every hour and every day because you realize this is doable, but I got to take ownership of my current situation if I want this to be the reality in three years. So I would say, create a vivid vision and and kind of reverse or backwards plan to get there.   Perfect, perfect. Last but not least, House Passive Income made your life better.   Yeah, I mean, I think in multiple ways, but a big one that stands out is giving me, I guess we'll call it margin to take some more risks on the entrepreneurial side. And because I do have alternative sources of income, passive income, it's allowed me that kind of mental and financial bandwidth or margin to maybe invest in a company that even if it   doesn't go perfectly, or doesn't go well, it's not profitable, that's okay. I still have that cushion for me and my family. that's, yeah, it's a huge, it's been a huge factor in that regard.   Yeah, absolutely. Game changer, man. It just changes your mindset, changes your life in so many ways. Jamie, this has been incredible, dude. You've got so much great content to share in your brain, man. You got to get out there. know you've got an awesome podcast that I was on, Adversity to Abundance. Everybody should check that out. Other than that, Jamie, where else can people find out more about you? Yeah.   (Jamie Bateman) (45:54.924) Just two things I'll mention very quickly. Literally got my book delivered today, like an hour before I hopped on here. It's from adversity to abundance. It is based on the podcast. So I encourage your listener to check that out from adversity to abundance is the book that's out. then labradorlending.com, L A B R A D O R.com is where you can check us out.   All right, man. Awesome. I'll drop all that in the show notes. Thanks again for coming on, brother.   Thanks for having me, Seth. This has been great.   (Seth Bradley) (46:26.978) Thanks for tuning in to Raise the Bar Radio. If you enjoyed today's episode, make sure to subscribe, leave a review, and share it with someone who needs to hear it. Keep pushing, keep building, and keep raising the bar. Until next time, enjoy the journey. Links from the Show and Guest Info and Links: Seth Bradley's Links: https://x.com/sethbradleyesq https://www.youtube.com/@sethbradleyesq www.facebook.com/sethbradleyesq https://www.threads.com/@sethbradleyesq https://www.instagram.com/sethbradleyesq/ https://www.linkedin.com/in/sethbradleyesq/ https://passiveincomeattorney.com/seth-bradley/ https://www.biggerpockets.com/users/sethbradleyesq https://medium.com/@sethbradleyesq https://www.tiktok.com/@sethbradleyesq?lang=en Jamie Bateman's Links: https://x.com/batemanjames https://www.facebook.com/batemanjames https://www.threads.com/@batemanjames11?xmt=AQF0nwaIL6JD_GK94lbTvHphHOmWwlUyt3TkeHLav-vXU_E https://www.instagram.com/batemanjames11/ https://www.linkedin.com/in/jamie-bateman-5359a811/ https://labradorlending.com/about/ https://podcasts.apple.com/us/podcast/from-adversity-to-abundance/id1618672867 https://open.spotify.com/show/7JjGWsKVzzEI8UwXP9GONZ https://www.youtube.com/@FromAdversity2AbundancePodcast

Don't forget to grab your free book! www.TheMichaelBlank.com/QRPMost people don't know this—but you can invest your IRA or 401(k) in real estate instead of leaving it trapped in mutual funds. In this episode, I'm joined by Damion Lupo, founder of eQRP, to explain exactly how to unlock your retirement savings and use them to invest in apartments, storage, and more. We walk through the process step-by-step, dispel common myths, and show you how to avoid one of the biggest tax traps most investors don't even see coming: UBIT. Whether you're a passive investor or a GP raising capital, this is a must-listen.Key TakeawaysWhy Most Investors Don't Know About ThisFinancial advisors don't promote these options because they lose fees when you take control.Most investors have old 401(k)s or IRAs they've forgotten about—but those funds are eligible for self-direction.Online platforms like Schwab and Fidelity won't show you the option to invest in real estate—you have to know to ask.How Self-Directed Accounts Actually WorkSelf-directed IRAs and solo 401(k)s give you full control—you can invest in real estate, crypto, gold, and more.The right setup gives you checkbook control and removes delays caused by custodians.Solo 401(k)s (like EQRPs) offer faster transactions, better flexibility, and fewer limitations than traditional IRAs.The UBIT Tax Trap—and How to Avoid ItUsing leverage in real estate deals inside a self-directed IRA can trigger UBIT—up to 40% in surprise taxes.Solo 401(k)s are exempt from UBIT, even in leveraged deals.You can convert from an IRA to a solo 401(k) before the deal sells to avoid the tax completely.Smart Strategies for Passive and Active InvestorsPassive investors can use these accounts to invest in syndications—earning tax-free or tax-deferred returns.Active investors (GPs) can raise more capital by educating others on how to invest through their retirement accounts.Damion's team offers tools like books, webinars, and white-glove onboarding to help GPs guide investors through the process.Rules, Limits, and Legacy PlanningYou can't use these accounts to buy personal assets, rehab your own property, or benefit directly from the investment.You can borrow up to $50K from your solo 401(k) for any reason and pay yourself back—with interest you choose.Setting up retirement accounts for parents or family members can create powerful tax-free legacy wealth.Roth solo 401(k)s allow real estate investing with leverage and no taxes on gains—making them the most powerful tool in the tax code.Connect with Damion LupoGET A FREE BOOK www.TheMichaelBlank.com/QRP Connect with MichaelFacebookInstagramYouTubeTikTokResourcesTheFreedomPodcast.com Access the #1 FREE Apartment Investing Course (Apartments 101)

In this conversation, Steve Olson shares his extensive experience in the real estate industry, discussing his journey from entering the market in 2007 to focusing on new construction and development. He emphasizes the importance of understanding risk in real estate investments, particularly in new construction, and highlights the advantages of investing in fourplexes as a strategic entry point for new investors. The discussion also covers the evolving landscape of real estate investing and offers advice for aspiring investors looking to navigate this complex field.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

Yeah we keep things positive but god damnit, bring back Perfect Dark. Charlie, as always thank you for the lovely intro.1:13- Borderlands 42:20:- Silent Hill F6:20- Final Fantasy Tactics6:43- Pacman World 2 7:45- Donkey Kong Country 2 and 310:30- Donkey Kong Country Returns HD12:12- Donkey Kong Country Tropical Freeze20:58- Dear me, I Was28:00- King of the Hill (Season 14)33:55- Ninja Gaiden Ragebound41:22- Like A Dragon: Pirate Yakuza54:08- Like A Dragon: Yakuza 71:08:29- Weapons1:14:55- Wheel World1:21:05- Furi1:27:26- No Sleep for Kaname Date1:35:33- Shoutout of the weeks!

In this episode, Sean White talks with Wayne Feltman from VELUX about skylights and how they can help bring more daylight and fresh air into homes and buildings. They discuss the difference between solar PV and passive solar, and how skylights can make spaces brighter and more energy efficient. Wayne shares the history of VELUX, explains how modern skylights work including solar-powered and smart skylights and talks about the benefits of natural ventilation for better indoor air quality. The conversation also covers energy savings, new technology like app-controlled skylights, and tips for builders and homeowners.   Topics covered: VELUX company background and history Passive solar vs. solar PV Benefits of skylights for daylight and ventilation Energy efficiency and building envelopes Natural ventilation and indoor air quality Types of skylights (fixed, manual, solar-powered, smart) Fire safety and egress with skylights Solar-powered skylights and battery technology Smart skylight controls and app integration Shades and light control for skylights CO2 and humidity sensors for healthy homes Sustainability and electric vehicles at VELUX Energy savings and automation Skylight installation tips for builders and homeowners   Reach out to Wayne Feltman here: Email address: wayne.feltman@velux.com VELUX: www.veluxusa.com   Learn more at www.solarSEAN.com and be sure to get NABCEP certified by taking Sean's classes at www.heatspring.com/sean www.solarsean.com/10hress

Today on the BiggerPockets Money Podcast, we're diving into an incredible success story. Meet Beau, a retired military professional who built a massive real estate empire and achieved financial independence in his thirties. But here's the twist: even with a winning formula, Beau wants his investments to work even HARDER while he works even LESS. In this Finance Friday episode, Beau opens up his entire financial playbook with hosts Mindy Jensen and Scott Trench. We're talking rental properties generating serious cash flow, private lending deals that most investors don't even know exist, and tax strategies so advanced they'll make your accountant jealous. This isn't your typical "I bought a duplex" story—this is next-level wealth building. If you're serious about real estate investing and want to see what's possible with the right strategy and execution, this episode is packed with actionable insights. In this episode, you'll discover: Beau's complete real estate portfolio breakdown and current cash flow numbers Advanced private lending strategies that generate consistent returns Tax optimization techniques for real estate heavy portfolios How to transition from active to passive real estate investing Strategic property sale timing and 1031 exchange considerations The pros and cons of private money lending versus traditional investments Portfolio diversification strategies for real estate investors How military discipline translated into investment success Specific steps to make your real estate investments more hands-off Risk management strategies for high-net-worth real estate portfolios And SO much more! 00:00 Beau's FIRE Journey 02:43 Beau's FI Number 04:52 Exploring Passive Income Options 09:53 Private Lending and Real Estate Portfolio Analysis 19:17 Evaluating Property Performance and Future Plans 28:54 Exploring Arbitrage in Real Estate Lending 33:32 Amortization and Long-Term Financial Planning 36:34 Balancing Private Lending and Real Estate Investments 44:32 Tax Strategies and Portfolio Diversification 54:51 Connect with Beau! Learn more about your ad choices. Visit megaphone.fm/adchoices

In the final episode of our comprehensive healthcare planning series, Kirsten and Ariana tackle one of the most misunderstood areas of healthcare planning: life-ending decisions. This episode cuts through the confusion to deliver clear, factual information about California's End of Life Option Act, the strict requirements for assisted suicide, how passive and active euthanasia differ, and why many people don't actually qualify for the options they think exist. You'll also learn how California compares to other states and what alternatives exist internationally. Whether you're planning for yourself or helping a loved one understand their options, this episode provides essential information about one of life's most difficult decisions. Knowledge is power—especially when it comes to maintaining control over your final chapter.   Time-stamped Show Notes: 0:00 Introduction 1:09 Three categories of life-ending decisions explained: assisted suicide, passive euthanasia, active euthanasia 2:12 Passive euthanasia defined - withdrawal/withholding of life-sustaining treatment (legal in California) 3:07 What is active euthanasia? Many people don't realize it's not legal in the United States 3:39 California's End of Life Option Act (2016) - medical aid in dying requirements 4:49 Strict eligibility requirements: terminal illness (6 months or less), California residency, cognitive capacity, physical ability 5:02 The three-request requirement: two oral requests 48 hours apart, plus one written, witnessed request 6:29 Physician responsibilities and the right to decline participation 7:35 California vs. Oregon comparison - residency requirements and waiting periods 9:37 Geographic distribution of assisted suicide laws across the United States 10:29 Active euthanasia discussion - the dementia dilemma and client concerns 11:40 European options for active euthanasia: Belgium, Luxembourg, the Netherlands, and Spain legal frameworks 13:27 Practical considerations for California residents seeking international options 15:12 The importance of knowledge and control in end-of-life planning

The Irresistible Woman® ExperienceMost women think that receiving in love means sitting back and letting things happen. The truth? Receiving is one of the most powerful, magnetic moves you can make. This is our fourth and final episode in our receiving series. Plus, I'll give you a sneak peek into my upcoming Ready to Receive masterclass, where you'll learn my signature process to shift out of masculine efforting and step fully into ease, magnetism, and secure connection. By the end, you'll walk away knowing how to receive love in a way that amplifies your desirability and creates more effortless, joyful connection. Join the Ready to Receive masterclass for just $22, starting next week >> Get early access to The Irresistible Woman® Essentials, the 9-week live coaching program that takes you from anxious/avoidant to secure in love. Kicking off in September, you can reserve your spot now for 50% off with pre-sale savings + get two FREE  tickets. Claim your spot now by DMing or emailing me  'Essentials' and you'll receive all the info. >>

Kongsberg Discovery is targeting a global roll out of advanced passive acoustic ocean technology, helping markets such as the oil, gas and naval sectors detect operational anomalies from the outset, safeguarding critical subsea assets and environments. The push comes with the full integration of Bergen, Norway's Naxys Technologies into the company, following on from its acquisition in January this year. Ears in the ocean for sustainability through passive acoustic technology Transforming subsea awareness Kongsberg Discovery is a world leader in advanced ocean sensors and robotics, while Naxys has forged a position as Norway's leading innovator in passive acoustics, serving the nation's thriving energy sector. Its established passive hydrophone technology provides continuous acoustic monitoring, detecting changes in flow conditions, structural integrity, and potential leaks, as well as other anomalous subsea noises and vibrations. As Martin Wien Fjell, President Kongsberg Discovery explains, the solutions - which can be easily installed on underwater equipment, or utilised as mobile arrays for marine and infrastructure inspection - can "transform awareness" of what's happening below the waves, delivering compelling benefits for diverse user groups. Minimising downtime, maximising efficiency "Since its formation in 1999, Naxys has refined robust, high performance technology that gives customers 'ears in the ocean', helping them identify and address issues with speed, safety and precision," Fjell comments. "This has been a real success in Norway, enabling customers to minimise the impact of offshore structures on surrounding ecosystems, while supporting efficient production, reducing downtime and optimising costs. "These are benefits that, with this full integration, Kongsberg Discovery can now bring to the global marketplace. In today's highly regulated operating arenas, where responsible environmental monitoring is essential, this passive technology is a gamechanger. It can detect leaks far ahead of conventional systems, save millions of dollars in unplanned downtime, deliver precise critical infrastructure inspections, and help protect fragile ocean ecosystems by monitoring radiated noise from human activity and detecting nearby marine mammals. Together with our existing solutions, we now believe we can offer the market a uniquely comprehensive level of subsea awareness." Diverse applications The passive acoustic solutions are as flexible as they are effective. For example, the sensors can be easily installed on subsea structures as permanent leak detection systems, or on equipment such as subsea pumps and compression systems, continuously analysing performance to inform maintenance and operational decisions. Used as scalable array configurations, on ROVs or other mobile assets, the solutions can monitor and inspect installations, or be utilised for monitoring targets, surveillance or protecting infrastructure such as harbours. With a growing emphasis on reducing noise within the ocean environment, Naxys technology can also help users monitor and manage their own operational noise footprint. "The variety of applications speaks volumes of the market potential here," Fjell concludes, "with a real opportunity to deliver added value for customers in the Oceanographic and Marine sectors, in addition to the Energy industry. "It's not just the environments that our customers operate in that creates challenges, but also the evolving legislations and increasingly dynamic risk picture. This technology is tailored to meet those needs, helping users stay ahead, and in control, as they work to enhance safety, sustainability and standards in our oceans." Kongsberg Discovery, which has operations and facilities across the globe, will maintain and build its new Bergen presence, catering for regional oceanographic research, marine and energy customers. To discover more please see https://www.kongsberg.com/ discovery/ About Kongsberg Discove...

Don and Tom dismantle the “passive bubble” trope, walk through Morningstar's active/passive scorecard (great one-year anecdotes vs brutal long-run stats), and recap the steady shift of investor dollars toward indexing. A caller tries to drag the show into politics via data independence (BLS/Fed), prompting a level-headed reminder that markets price reality over rhetoric. The TSP's revamped I Fund gets kudos for finally adding emerging markets (with a nudge to pair it with value tilts outside TSP). Two meaty segments cover long-term care: costs, weak benefits on traditional policies, when hybrids can make sense, and why many households effectively self-insure or rely on Medicaid as the backstop. Another caller asks about Die With Zero; verdict: great mindset—if your plan already covers worst-case needs. 0:05 Holiday opener, calls invite, “passive is a bubble?” setup 2:06 Is price discovery “broken” if money flows to index funds? 2:40 Active still >50% of U.S. fund assets; global passive ≈20% AUM 4:22 Morningstar barometer: 42% of active beat in 1-yr… so 58% didn't 6:36 Long-run stats: 3-yr 17.7%, 5-yr 8.2%, 10-yr 2.5%, 15–20-yr ≈~1% of active beat 8:32 Flows: from 1 in 20 dollars passive ('97) to 1 in 2 today; costs matter 10:58 Caller (Sammamish): data independence, politics, rates, inflation risk; market effects vs reality 16:19 Inbox: TSP update—I Fund now includes EM; still thin on value/small tilts 18:32 Why add small/value (incl. intl); performance pops don't change the case 22:26 Caller (LTC): traditional vs hybrid; math on premiums, caps, Medicaid backstop 26:37 Basic quote math: ~$1,900/yr at 60 for ~$150k cap; lump-sum hybrids trade-offs 29:10 Caller (Maya, Los Altos): Die With Zero—great if plan covers tail risks; most retirees can't 34:38 Caller (Americus, GA): Mutual of Omaha pitch; self-insure debate; taxes/deductions misconceptions 38:55 Wrap: how to send questions; where to get advice Learn more about your ad choices. Visit megaphone.fm/adchoices

Summary The podcast discusses a recent pilot study on the effects of passive blood flow restriction (BFR) exercise on muscle atrophy following total knee replacement surgery. The conversation highlights the significant muscle mass loss that occurs post-surgery and the potential of BFR to mitigate this loss. The study design, methodology, and key findings are explored, emphasizing the importance of early intervention and the feasibility of implementing BFR in clinical settings. The hosts discuss the implications of the findings for rehabilitation practices and future research directions. Chapters 00:00 Introduction and Overview of the Study 03:15 Understanding Muscle Atrophy Post-Surgery 07:12 The Role of Blood Flow Restriction in Rehabilitation 12:53 Study Design and Methodology 15:35 Key Findings and Implications of the Study 20:54 Exploring Remote Ischemic Preconditioning 22:42 Functional Outcomes and Clinical Significance 25:11 Grip Strength Recovery and Clinical Changes 27:01 Safety and Feasibility of BFR 28:42 Implementing BFR in Clinical Practice 30:25 Prehabilitation and Postoperative Care 32:47 Expanding Applications of BFR in Acute Care Podcast Intro Attribution Song: Legendary Music by: CreatorMix.com Video: https://youtu.be/_oaZzkn0bW4 Podcast Outro Attribution Song: Smoke Rising Music by: CreatorMix.com Video: https://youtu.be/_oaZzkn0bW4

Text me your content win!If you've ever felt the pressure to create 47 different income streams just to “make it,” this episode is for you. As a travel creator or travel influencer, you've probably heard all the advice—sell courses, start affiliate marketing, launch digital products, do brand partnerships. But here's the truth: more doesn't always mean better.Today, I'm breaking down what actually works when it comes to building multiple streams of income as a content creator—without burning yourself out.What You'll Learn in This Episode:Why too many income streams can actually hurt your business.The three types of income streams that complement each other perfectly for travel creators.How to know when you're ready to add a new income stream.Why “less but better” is the secret to sustainable passive income.How to choose offers that serve your audience AND fit your long-term vision.Key Takeaways for Travel Influencers + Content Creators:

Through Jesus, the Lion of Judah, we have been given authority over Satan and the kingdom of darkness. In this sermon, Pastor Allen Jackson helps us understand our identity in God's Kingdom. We've been appointed as ambassadors; we're representatives with assignments to complete for the Lord. Pastor Allen shares what it means to be a “stranger in the world,” and he teaches the importance of standing firm against our sinful desires. God has invited us into His family as His children, and through His love, mercy, and power, we can overcome the enemy.

In this episode, you will learn to spot the emerging trends that are influencing where people live and invest. The discussion covers:  

Everyone talks about passive income, but what's real and what's just hype? Daniel and Ron Apke break down the most common passive income streams, stocks, dividends, rentals, drop shipping, Kindle publishing, and reveal where land flipping actually fits in. They explain why land investing is an active business, how you can automate it to make it semi-passive, and why it's one of the best paths to six-figure profits and financial freedom.================================ 

Ken Gee is the Founder and Managing Member of KRI Partners, a real estate private equity and investor education firm. With more than 26 years of experience in real estate, banking, and private equity, Ken has been involved in transactions valued at over $2 billion—covering acquisitions, management, and financing of multifamily projects. Before launching KRI Partners, Ken was a CPA with Deloitte's tax & M&A practice, serving some of the largest private equity and real estate firms in the country. Earlier in his career, he worked as a commercial lender at a regional bank in Cleveland (now PNC) and even operated certified Cessna Pilot Centers, training pilots for the Delta Connection program. In this episode, Ken shares how he transitioned from CPA to multifamily investor, why multifamily is one of the most reliable asset classes, and the mindset shift that led him to leave corporate life behind. We also explore how to overcome the biggest barrier new investors face, the formulas Ken uses to evaluate deals, and how both active and passive investors can build long-term wealth through multifamily real estate.     What You Will Learn: Who is Ken Gee, and how did his career path lead from CPA and commercial lending into multifamily real estate? What pivotal moment convinced Ken to leave Deloitte and pursue real estate full time? Why does Ken believe cash flow is king, especially for new investors? What's Ken's formula for evaluating multifamily deals and hitting return objectives? How do value-add strategies—like rent increases, storage, and garages—create exponential property appreciation? What holds most people back from buying their first multifamily property, and how can partnerships solve the “I don't have the money” problem? How does Ken help both active investors (who want to run deals) and passive investors (who want hands-off income)? Why does vertical integration in property management give KRI Partners an edge in execution? What free resources does Ken provide to help investors learn and get started? Ken's journey from CPA to multifamily investor offers a blueprint for anyone looking to transition into real estate, whether you want to be hands-on with deals or simply invest passively for steady returns.    

In this episode of Excess Returns, we welcome back Cole Smead of Smead Capital for a wide-ranging conversation on markets, history, and the principles of value investing. Cole shares his perspectives on fiscal largesse, inflation, passive flows, energy markets, U.S. exceptionalism, and the timeless lessons of Buffett and Munger. His insights bridge economic history with today's market realities, giving investors a framework to think about risk, capital allocation, and opportunity costs.Deficits, monetary policy, and why recessions are hard to find todayInflation dynamics and lessons from the 1960s and 1970sThe U.S. government's role in markets (Intel stake, big government policies)American exceptionalism vs. global capital allocation improvementsEarnings quality and the divergence between accounting and economic profitsPassive investing flows, weak competition, and investor behaviorEnergy investing: from fracking bust to efficiency and capital disciplineComparing the AI boom with past manias and capital cyclesSmead Capital's investment process and evaluating “wonderful companies”Buffett, Munger, and the lessons of asset-light vs. capital-intensive businessesClosing insights: why returns on capital matter more than EPS or revenue00:00 – Opening quote and fiscal deficits02:00 – Debt, inflation, and recession risks08:50 – Government stake in Intel & big government era12:15 – U.S. exceptionalism and arrogance17:30 – Earnings quality erosion in U.S. businesses24:00 – Passive flows and human behavior27:30 – Opportunities in energy investing34:00 – Energy buildout vs. AI boom38:00 – Smead Capital's investment process44:00 – Lessons from Buffett and Munger51:00 – Standard closing question

We loaded up on sympathy baguettes for UTMB racers before recording this great episode! The main topic was digesting everything from UTMB week, including Jim Walmsley reinforcing his GOAT status, Courtney Dauwalter reinforcing hers, the coolest coaching story ever from Scott Johnston (who coached Ruth Croft and Tom Evans to UTMB wins), training takeaways, and so much more! The science breakdown looked at a new study that is being used to argue that low carb doesn't hurt high-intensity performance. We dive into the study design and statistics to show why that's the wrong conclusion. And this one had so many great topics! Other topics: going dark on the trails, Megan's new fast shoe, our trail supershoe rundown, the new Champion Plan for 100k to 100 miles, the minimum dose of passive heat training, using weight vests, what makes a good coach, a relationship question, relying on liquid carbs, engaging the glutes, drinking from streams, and climbing form.What's for dinner? We'll take the European Aid Station--baguettes, sausage, cheese, sparkling water, techno music, and being unable to drop out due to the language barrier.We love you all! HUZZAH!-Megan and DavidClick "Claim Reward" for free credit at The Feed here: thefeed.com/swap For training plans, weekly bonus podcasts, articles, and videos: patreon.com/swapBuy the Kickr Run treadmill (code "SWAP"): https://www.wahoofitness.com/devices/running/treadmills/kickr-run-buyBuy Janji's amazing gear: https://janji.com/ (code "SWAP")

Discussion of the Wash Sale rule.  Selling stock at a loss can reduce your tax bill if you do not violate the Wash Sale Rule.Passive Investing:  I review and provide commentary on a report that warns of potential problems with the increasing use of Passive / index investing.Personal rant about T-Mobile and getting an eSIM for travel.

196 Hope comes in various flavors. Some of them promote better relationships, and some drag them down. Hope can leave us helpless to change things, OR make us powerful agents of change in our marriages (and other areas of our lives, of course).Today you will hear about the 2 kinds of hope that don't help, and the 1 kind of hope that makes ALL the difference in your marriage–and in being able to make your marriage the loving one you want. This episode is especially for you if you've been trying and trying to make changes in your marriage for years, but you aren't seeing any real lasting change for the better. Believe me, I have been there!! Dive in to hear about what happens when we succumb to apathy, cynicism, futility, and despair, and how the way you might be relating to hope may be the same as just giving up. Learn, instead, how I use what I call Active Hope to continue to make my marriage better and better, and how you, too, can harness it, so that you come away with a relationship to hope that will drive the best kind of change between you and your partner.Everyone could use a good dose of hope and inspiration from time to time. This is yours today.SHOW NOTES:Join Hannah for private 1:1 Marriage Coaching, and get her deep, super individualized support to make your marriage more full of security, connection, love, and mutual support than ever. Get started by filling out this form. See her on-demand relationship courses for HSPs here.FREE QUIZ: How Much is High Sensitivity Impacting Your Relationship (and are you even highly sensitive)? You want to know. Because, high sensitivity has a major impact on intimate relationships – for better or worse. Take this 3 minute quiz to discover if you're highly sensitive and how deeply it's affecting you, and your happiness in your relationship. You will also get your next steps to making sure sensitivity works for your relationship, instead of against it.ENJOYING THE SHOW? Don't miss an episode! Subscribe via Apple Podcasts, Spotify, or Stitcher. Leave  a review in Apple Podcasts--we are SO grateful!Get the Podcast Map by becoming a Podcast Supporter, so you can quickly identify the episodes most helpful for your unique relationship, by supporting the podcast (for as little as $3) 

Learn key words and phrases all about tariffs in this English lesson. Practice your listening and improve your English.Useful Vocabulary and PhrasesTariffs are added to imported goods.

Join Anupam Gupta on the Paisa Vaisa podcast as he sits down with Akhil Chaturvedi, Chief Business Officer at Motilal Oswal, to explore the monumental shifts in India's financial landscape. In this episode, they discuss the power of equity investing, the explosive growth of SIPs, and the future of India's $30 trillion economy by 2047. This is the ultimate guide to navigating the Indian stock market and achieving long-term wealth creation. Here's what you'll learn: The incredible growth of India's financial markets and the key trends driving this change. A reality check on investment return expectations, and why a 15% return is not guaranteed. The difference between Active vs. Passive investing and how to use both for a balanced portfolio. Tips for first-time investors on how to start their investment journey in the stock market. The evolution of advanced investment vehicles like PMS, AIF, and SIF. See omnystudio.com/listener for privacy information.

In this episode of Excess Returns, we sit down with Brent Schutte, CIO of Northwestern Mutual, to discuss the current macro landscape and what it means for investors. Brent shares his balanced perspective on the Fed, inflation, tariffs, concentration risk in markets, and why diversification may be more important now than ever. With over 30 years of investing experience, Brent provides valuable lessons from past cycles that help put today's environment in context.The Fed's dual mandate and why both inflation and unemployment risks matterHow tariffs could reshape growth and inflation dynamicsMarket concentration and the dominance of the Magnificent SevenLessons from past cycles (1999 tech bubble, 2007 commodities, Japan in the 1980s)The role of diversification, including small/mid caps, international equities, and commoditiesActive vs. passive investing and how to evaluate managersRecession signals, rolling recessions, and hidden economic weaknessWhy humility and balance are essential in portfolio construction00:00 – Introduction & importance of diversification02:00 – The Fed's mandate and tariffs' impact on growth & inflation07:30 – Reaction to Powell's Jackson Hole speech & Fed independence15:20 – Hidden recession, labor market signals & AI's economic role20:30 – Reliability of recession indicators post-COVID26:00 – Tariffs, uncertainty & risks for investors28:40 – Market concentration and the Magnificent Seven34:00 – Rethinking diversification: 60/40, commodities, and international exposure41:20 – Lessons from past market cycles (Japan, dot-com, China, commodities)45:15 – Passive flows, active management, and evaluating skill vs. luck50:00 – Government stakes in companies (Intel discussion)52:00 – Standard closing questions & final lessons

Joy is a thermostat, not a thermometer—but most Christians are living like it's the opposite. Find out how to pursue peace above you, around you, within you, and with God in this practical message from 1 Thessalonians 5.

The command to love God with all our heart, soul, mind, and strength is a call to be devoted to him with all that we are and all that we have. Passive, lukewarm, culturally-accommodated living has no place in the Christian life.

In this episode, I'm starting a four-part series on killing passive aggressiveness for good, especially in men. Passive aggression is when someone avoids saying things directly, like showing up late on purpose, staying quiet when they should speak, or making a point by doing nothing. I expect that from women sometimes, but when men do it, it makes us weak, soft, and more feminine. I want men to be direct and clear, even if the truth is uncomfortable. If a few guys can change this habit, we can start changing the whole culture. Show Notes:  [06:21]#1 Stop procrastinating on a NO. [13:10]#2 Stop saying you're okay when you're not all right. [21:12]#3 Feigning a lack of understanding to avoid responsibility. [23:29]Recap Episodes Mentioned: 3224: Men: Stop Being Pussies [Part 1 of 5] 2457: Identifying Toxic Femininity 2200: The Feminization Of Sports, Part 1 of 6 2039: The Worst Traits Of Feminized Men 3346: How Feminism ENDS Next Steps:

#565 Want to break free from the 9-to-5 grind and build a sustainable, passive income stream? In this episode, Brien Gearin is joined by Dustin Heiner, CEO of Master Passive Income, who shares his journey to financial independence through real estate investing. Dustin explains how he transitioned from a secure government job to creating a six-figure passive income by investing in real estate. He delves into the importance of building a business first, finding the right experts, and leveraging systems to generate truly passive income. Whether you're a seasoned investor or just starting out, Dustin's insights will help you unlock the power of real estate for financial freedom! (Original Air Date - 1/22/25) What we discuss with Dustin: + Dustin's journey from government job to real estate investor + Active income vs. passive income + Build the real estate business first + Scaling from one property to 30+ + Importance of hiring the right property manager + Start with simple, cash-flowing properties + Creative financing options for real estate + Focus on cash flow, not appreciation + Higher interest rates benefit cash flow investors + Passive income mindset for financial freedom Thank you, Dustin! Check out Master Passive Income at ⁠MasterPassiveIncome.com⁠. Get Dustin's free course at ⁠MasterPassiveIncome.com/freecourse⁠ or text RENTAL to 33777. Listen to ⁠The Master Passive Income Podcast⁠. Follow Dustin on ⁠Instagram⁠. Watch the ⁠video podcast⁠ of this episode! To get access to our FREE Business Training course go to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠MillionaireUniversity.com/training⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. And follow us on: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tik Tok⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Youtube⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Twitter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ To get exclusive offers mentioned in this episode and to support the show, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠millionaireuniversity.com/sponsors⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Want to hear from more incredible entrepreneurs? Check out all of our interviews ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠! Learn more about your ad choices. Visit megaphone.fm/adchoices

Collecting data about your health or business does nothing for you if you don't review it, engage with it, and use it to adjust your approach.Want to see the exact system I use to accelerate my growth and progress toward my goals? Click to see my Self Improvement Scorecard In Action!

Today's MASTERCLASS on Erotic Wealth just dropped: On Today's MASTERCLASS: Magic takes the lead in the perfect example of the flow state, baby Taiga needs booba, and it's not a problem.We start with the flow and go into our MASTERCLASS on topics like:Flow is a thing - acknowlege itFlow accepting the lesson you needMircomanaging never worksStarting everything finishing nothingFlow is not franticThere is no way to happiness. Happiness is the wayThis is not about hoping to be successfulI'd rather know I'm making progress than guessWe don't deserve a trophy for starting the raceDo it slow, do it steady, just do it.The journey is the rewardThe things that you need will come to youWhat does it feel like to be in co-creation?You don't have to manufacture success“I would rather just do this by myself”Don't drag your partner to do something they don't want to doGet clear about what we want with numbersNumbers are not vague - get specificHow much money do you want and what would you do with it?We cannot grow what we do not measureThis is about scaling a business not starting a businessYou need white magic (will), black magic (eat your fears), and red magic (sacrifice) to get to gold magic (sex)Amateur - did it by accidentAdvanced - did it on purposeYou don't need a fancy reason to make moneyWhen erotic dies in your businessAll the money you make is ethical because you are ethicalAll the money you make is spiritual because you are spiritualThere is nothing more beautiful in the work you haven't started yetNever seek to tell thy love, love that never told can beFuck around and find outPlease do. But if you are meant to keep something that you are trying to throw away, your life is going to be really out of alignment until you make it right, and you can just test that out.There's three forces required to create everything,Neutral force - step one of any magical process is creating the containerActive sex is conscious sex.Passive sex is that you don't have to think about.Neutral sex is I want you, but I don't need you to be perfectNeutral income are the people that will pay you that haven't paid you yet.Passive income is fuel for the fire.Don't destroy your frustration, transmute it into fuelActive income is live time“Nobody will be able to replace you.” is a lie.Prep the fire before you make the fireYou all know exactly what needs to be done. You don't need a business coach.You don't get free “good girls”Anyone can be a boss, but can you be a leader?A container is sealed by trustThe sky is not even the limit when you have a partner you can trustDon't race to the finish line to comeYour kids interrupting you is teaching you how to stop and holdWhen you want and not need, the erotic tension is strong - think about having a crush on someoneEjaculation is not orgasmNitpicking is the opposite of sexual tensionInstant gratification < delayed gratificationCreative juice = sex juice are the sameNever saying no to yourself = you're a big babyYou cannot shame someone who is shamelessMen are horny everydayWomen are horny every 28 days for 1 weekWanking privately will make it hard to harmonizeNature is always working on your behalfEveryone gets their turnNighttime is not unhealed daytimeIf your proud of corn - do it moreIf your ashamed of corn - don't do itHolistic income is eating your waste as fuelYou cannot do this work without a physical practiceNo sex for 21 days Be mad at me, I don't care we also have it set up for you on our podcast! Get it wherever you podcast

Title: Why High Earners Stay Broke (and How to Escape the W-2 Trap) with Rich Fettke Summary: On this episode of Raise the Bar Radio, Seth Bradley welcomes Rich Fettke, co-founder of Real Wealth, to share his incredible journey from a life-threatening cancer scare to building a real estate empire. Rich explains how his wife's pivot to real estate investing during his health crisis led to the creation of Real Wealth, which has since helped over 70,000 members acquire more than $1.2 billion in assets. Together, Seth and Rich dive deep into the mindset shift required to escape the grind, the importance of clarity and vision, and why hard assets like real estate are the key to sustainable wealth, freedom, and major tax advantages — especially for high-income professionals like attorneys and doctors. Rich also breaks down the difference between passive and active investing, explaining how Real Wealth offers vetted markets and property teams for investors who want a more hands-off experience. He shares insights from his book The Wise Investor, which is designed to inspire readers to take control of their financial futures through compelling storytelling. Wrapping up, Seth and Rich emphasize the power of passive income in creating freedom, reducing stress, and ultimately living life on your own terms without sacrificing health, family, or personal passions. Links to Watch and Subscribe: https://youtu.be/rF_4-7G7vYw Bullet Point Highlights: Rich Fettke shares his powerful origin story and the creation of Real Wealth. Real Wealth has helped 70,000+ members acquire $1.2B+ in assets. Importance of clarity, vision, and avoiding reactive life decisions. Hard assets like real estate provide stability, tax advantages, and true passive income. Real Wealth offers turnkey, vetted investing options through preferred property teams. Passive income helps professionals reduce tax burdens and escape active income traps. Rich's book The Wise Investor inspires readers to take action through relatable storytelling. Transcript: Seth Bradley (00:02.094) What's up, Builders? This is Raise the Bar Radio, where we talk about building wealth, raising capital, and all in all, raising the bar in your business and your life. This is the No BS podcast for capital raisers, investors, and entrepreneurs who are serious about scaling their business and living life on their own terms. I'm Seth Bradley, securities attorney, real estate investor, and entrepreneur, bringing you world-class strategies from the best in the game. If you're ready to raise more capital, close bigger deals, build a better you, and create true financial freedom, you're in the right place. Let's go. So. Rich, what's going on brother? Welcome to the show. Rich Fettke Thank you, good to be here. Seth Bradley (00:47.054) Absolutely, man. Thanks for coming on. Really appreciate it. Let's just dive right in. Tell us a little bit about yourself and your background and feel free to take it back as far as you'd like. Rich Fettke Okay, well... (continues storytelling about business origins and melanoma diagnosis) Seth Bradley Yeah, that's an incredible story, man. I just think about those inflection points and obviously that was a major inflection point in your life. How do you think other people could shift into investing or making a change without having something catastrophic happen? Rich Fettke Thank goodness I don't want that to happen to anyone... (continues explanation about clarity and creating vision) Seth Bradley Yeah, I love that. I mean, it's almost like just slowing down for a second and thinking about your life. Rich Fettke And that is it. Yeah. Investment properties, whatever that looks like... (continues explanation about real estate, passive income, etc.) Seth Bradley Yeah, yeah. So is that the first step? I'd really like you to walk us through what you would do with a potential client or person who comes to you and says, "I'm a highly paid W-2..." Rich Fettke It's vital. Yeah. Starting with the why like we talked about... (continues explanation about active vs passive income and tax advantages) Seth Bradley Yeah, for sure. And that retirement gets farther and farther away. Rich Fettke 100% and getting hard assets... (continues explanation about why hard assets like real estate matter) Seth Bradley Yeah, yeah, for sure. For sure. Now, I'm sure you've seen a lot of people you've helped. What are the changes you've seen in their lives after they start investing? Rich Fettke You know, that was the whole intention of that book I just wrote... (continues explanation about The Wise Investor and people creating real wealth) Seth Bradley Absolutely. I talk to folks, especially attorneys, who are unhappy with where they're at... Rich Fettke So much. At Real Wealth we call them Henrys — high earners, not rich yet... (continues explanation about tax savings and financial freedom) Seth Bradley Yeah, that's right. Taxes are the thing... Rich Fettke Mm-hmm. Ain't that? Seth Bradley Yeah. So tell us a little bit more about this book. Is it out? Can we buy it now? Rich Fettke Yeah, it's been out for almost a year now... (continues explanation about The Wise Investor, story format, and why he wrote it as a parable) Seth Bradley Yeah, same here. Same here. Sounds like the hero of that story, I think a lot of people can relate to that. Rich Fettke Yeah, and that's how I wrote it... (continues explanation about hero's journey format and story impact) Seth Bradley (27:11.202) Yeah, yeah. I love that. I mean, Rich Dad Poor Dad — story form impacts millions. Rich Fettke Number one finance book of all time. Pretty amazing. Seth Bradley Yeah. I'd love to dive into passive vs active real estate investing. I know you do both. What do you think about that and what do you advise folks? Rich Fettke Yeah, great question. I love that you said it's a sliding scale... (continues explanation about passive LP investing, single family properties, active oversight) Seth Bradley That's right. Yeah. It's that first action that changes everything... Rich Fettke Yeah, it's like buying your first house... (continues explanation about mindset shift and leverage) Seth Bradley Yeah. And going back to what you said about active vs passive... it's about finding the right team members, right? Broker, coach, property manager... Rich Fettke Yeah, yeah. Don't try to do it yourself... (continues explanation about importance of team and referrals) Seth Bradley Absolutely. Alright Rich, before we jump into the Freedom Four, do you have one last gold nugget for our listeners? Rich Fettke One last gold nugget... (explains importance of working with tax attorney and CPA) Seth Bradley Love that. Alright, let's jump into the Freedom Four. What's the best thing you do to keep your mind and body healthy? Rich Fettke Oh, working out, exercise every morning... (cold plunge and workout routine) Seth Bradley Perfect. What's one limiting belief you've crushed along the way? Rich Fettke Mostly crushed... (story about overcoming "I'm stupid" belief and weight training for discipline) Seth Bradley Yeah, I love that. What's one actionable step listeners can do right now to start creating more freedom? Rich Fettke I would say get clear on that vision... (setting life goals and clarity) Seth Bradley And last but not least, how has passive income made your life better? Rich Fettke Me personally, I can live life on my own terms... (adventure sports, freedom, job optional) Seth Bradley Love that, man. Rich, this has been great. Where can our listeners find out more about you? Rich Fettke Our company website is realwealth.com... (social media handles, Amazon book link, etc.) Seth Bradley (38:22.082) Thanks for tuning in to Raise the Bar Radio. If you enjoyed today's episode, make sure to subscribe, leave a review, and share it with someone who needs to hear it. Keep pushing, keep building, and keep raising the bar. Until next time, enjoy the journey. Links from the Show and Guest Info and Links: Seth Bradley's Links: https://x.com/sethbradleyesq https://www.youtube.com/@sethbradleyesq www.facebook.com/sethbradleyesq https://www.threads.com/@sethbradleyesq https://www.instagram.com/sethbradleyesq/ https://www.linkedin.com/in/sethbradleyesq/ https://passiveincomeattorney.com/seth-bradley/ https://www.biggerpockets.com/users/sethbradleyesq https://medium.com/@sethbradleyesq https://www.tiktok.com/@sethbradleyesq?lang=en Rich Fettke's Links: https://x.com/FettkeRich https://www.facebook.com/rich.fettke https://www.threads.com/@richfettke https://www.instagram.com/richfettke/ https://www.linkedin.com/in/fettke/ https://realwealth.com/about/rich-fettke/

In this episode, Will and Adam examine former Secretary of Labor Robert Reich's comments comparing today to the Gilded Age. We acknowledge there are several similarities, including increasing wealth disparity, the emergence of disruptive technology, and widespread commingling of government with business. We specifically discuss the recent discussion around the government taking stake in public companies, which, though has a precedent, was used in the past during times of financial crisis, i.e., to keep automakers afloat during the financial crisis. We discuss the (until just recently) ebullient vibes in the stock market, and why some of the forefront of the AI revolution are starting to sound a little more cautious about what AI can deliver in the near-term. However, that has not stopped investors from returning to familiar favorites from the 2021 run-up, with this rally's best performers including: Non-profitable tech Most shorted stocks Meme stocks With Fed chair Powell on tap for Jackson Hole, we look at the recent Fed minutes, which indicating a focus more on inflation than jobs, and why that could change if job revisions continue to be revised lower. However, with the inflation effect of tariffs expected to shift from businesses to consumers soon, will the Fed have the flexibility to cut rates as much as investors currently believe? With both anecdotes and hard data indicating a struggling consumer, the Fed is in a tough spot and under continuing political pressure. We conclude with why it is important to remain systematic and focused on long-term investing success and resist the temptation of the continued gamification of stock trading, with platforms like Robin Hood now exploring the addition of traditional sports wagering alongside retail investment accounts. Learn more about Formidable Asset Management, Will Brown, and Adam Eagleston by visiting www.formidableam.com.

Value: After Hours is a podcast about value investing, Fintwit, and all things finance and investment by investors Tobias Carlisle, and Jake Taylor. See our latest episodes at https://acquirersmultiple.com/podcastWe are live every Tuesday at 1.30pm E / 10.30am P.About Jake Jake's Twitter: https://twitter.com/farnamjake1Jake's book: The Rebel Allocator https://amzn.to/2sgip3lABOUT THE PODCASTHi, I'm Tobias Carlisle. I launched The Acquirers Podcast to discuss the process of finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations.We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success.SEE LATEST EPISODEShttps://acquirersmultiple.com/podcast/SEE OUR FREE DEEP VALUE STOCK SCREENER https://acquirersmultiple.com/screener/FOLLOW TOBIASWebsite: https://acquirersmultiple.com/Firm: https://acquirersfunds.com/ Twitter: ttps://twitter.com/GreenbackdLinkedIn: https://www.linkedin.com/in/tobycarlisleFacebook: https://www.facebook.com/tobiascarlisleInstagram: https://www.instagram.com/tobias_carlisleABOUT TOBIAS CARLISLETobias Carlisle is the founder of The Acquirer's Multiple®, and Acquirers Funds®. He is best known as the author of the #1 new release in Amazon's Business and Finance The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law.Prior to founding the forerunner to Acquirers Funds in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam. He is a graduate of the University of Queensland in Australia with degrees in Law (2001) and Business (Management) (1999).

Today's guest is Mark J. Higgins, a Senior VP for IFA Institutional, where he focuses on providing advisory services to institutions. He's also the author of Investing in U.S. Financial History: Understanding the Past to Forecast the Future, which is one of my favorite books on financial history. In today's episode, Mark explores the parallels between historical financial crises and today's economic landscape. He touches on the disturbing trends in private markets, the ethics of asset management, the evolution of U.S. debt, the future of the U.S. dollar, and more. (0:00) Starts (1:23) Mark Higgins' financial history insights (2:19) History of insider trading (4:14) Historical perspective on debt and reserve currencies (19:49) Gold, Bitcoin, and the evolution of financial markets (26:16) Passive vs. active management and private markets (37:19) Private market concerns (45:10) Historical figures and retirement plan changes (47:11) Inflation concerns (50:02) Mark's most memorable investment ----- Follow Meb on X, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Follow The Idea Farm: X | LinkedIn | Instagram | TikTok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.  ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here!  ----- Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Learn more about your ad choices. Visit megaphone.fm/adchoices

A few years after being voted 'least likely to succeed' in high school, Brandon Dawson defied expectations by scaling his first company from zero to $75 million. Since then, he has built and sold multiple nine-figure businesses. As the co-founder of Cardone Ventures, he helps entrepreneurs build wealth, scale effectively, and lead with purpose. In this episode, Brandon reveals why 97% of businesses fail and shares how to beat the odds and achieve business growth. He also discusses his core leadership principles and the key traits of a great business partner. In this episode, Hala and Brandon will discuss: (00:00) Introduction (02:21) His Early Life and Entrepreneurship Journey (09:27) Bootstrapping a Startup vs. VC Funding (19:10) Why Entrepreneurs Should Prioritize Cash Reserves (26:14) Scale vs. Scaling: Redefining Business Growth (36:48) Why 92% of Businesses Fail to Scale Past $3M (40:25) The ‘Law of the Lid' in Leadership (45:47) Actionable Steps to Improving Leadership Skills (55:46) Building 9-Figure Businesses with Grant Cardone (01:03:01) The Key Traits to Look for in Business Partners Brandon Dawson is an entrepreneur, scaling expert, and co-founder of Cardone Ventures. As CEO of Sonus Corporation, he grew it to over 1,400 locations and raised $58 million. He later founded Audigy Group, scaling it from $500,000 to $35 million before selling it for $151 million. With over 30 years of experience, Brandon helps businesses scale using data-driven strategies, navigate breakpoints, and avoid common pitfalls. Sponsored By: Shopify - Start your $1/month trial at Shopify.com/profiting Indeed - Get a $75 sponsored job credit to boost your job's visibility at Indeed.com/PROFITING  OpenPhone - Get 20% off your first 6 months at OpenPhone.com/profiting Airbnb - Find a co-host at airbnb.com/host  Mercury - Streamline your banking and finances in one place. Learn more at ⁠⁠mercury.com/profiting⁠⁠  Policy Genius - Secure your family's future with Policygenius. Head to policygenius.com/profiting  Framer - Launch your site for free at Framer.com, and use code PROFITING Resources Mentioned: Brandon's Website: bdawson.com  Brandon's Book, Nine-Figure Mindset: bit.ly/9FigureMindset Brandon's Podcast, Building Billions: bit.ly/BuildingBillions-Apple  The 21 Irrefutable Laws of Leadership by John C. Maxwell: bit.ly/21-Laws  Good to Great (6 book series) by Jim Collins: bit.ly/GTG-Series  Rich Dad's Cashflow Quadrant by Robert T. Kiyosaki: bit.ly/CashQuadrant  Sell or Be Sold by Grant Cardone: bit.ly/Sell-Be-Sold  Start The Work by Natalie Dawson: bit.ly/StartTheWork  Three Feet from Gold by Sharon L. Lechter: bit.ly/3-Feet-Gold  Active Deals - youngandprofiting.com/deals  Key YAP Links Reviews - ratethispodcast.com/yap YouTube - youtube.com/c/YoungandProfiting LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ Social + Podcast Services: yapmedia.com Transcripts - youngandprofiting.com/episodes-new  Entrepreneurship, Entrepreneurship Podcast, Business, Business Podcast, Self Improvement, Self-Improvement, Personal Development, Starting a Business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side Hustle, Startup, Mental Health, Career, Leadership, Mindset, Health, Growth Mindset, Passive income, Online Business, Solopreneur, Founder, Networking

Contrarian strategist Michael Green lays out why “passive” isn't passive at all—it's a flow-driven algorithm, turbocharged by policy, that funnels capital into mega-caps, starves small caps, and raises the odds of market non-clearing shocks. We unpack Sharpe's arithmetic vs. rebalancing reality, lessons from Volmageddon, the aging of investor cohorts, why stress may be deflationary before inflationary, and how to “doom-proof” a portfolio with assets that throw off cash (including overlooked duration/TIPS and munis). Michael also separates crypto's burn-it-down narrative from its true promise: tokenized, programmable securities that fix TradFi's paper plumbing. ------

Welcome to Tortle Tank, the show where the world's richest reptiles review your D&D homebrew and decide whether or not to invest their hard-earned eggs. This week, the Torts discuss plot armor, potion gambling, and goo.CREDITS:Sound Mixing and Editing by Trevor LyonSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode, my guest is Dr. Michael Kilgard, PhD, a professor of neuroscience at the University of Texas at Dallas and a leading expert on neuroplasticity and learning across the lifespan. We discuss the need for alertness, effortful focus, post-learning reflection and sleep to induce neuroplasticity, and how dopamine, acetylcholine, serotonin and norepinephrine are each involved. He explains the behavioral steps for neuroplasticity, as well as vagal nerve stimulation (VNS) and other therapies for tinnitus, stroke, depression, PTSD and paralysis. This episode ought to be of use to anyone interested in understanding the modern science of brain rewiring and learning to improve cognitive or motor skills or treat sensory or motor disorders. Read the episode show notes at hubermanlab.com. Thank you to our sponsors AG1: https://drinkag1.com/huberman Eight Sleep: https://eightsleep.com/huberman Wealthfront*: https://wealthfront.com/huberman Carbon: https://joincarbon.com/huberman Function: https://functionhealth.com/huberman *This experience may not be representative of the experience of other clients of Wealthfront, and there is no guarantee that all clients will have similar experiences. Cash Account is offered by Wealthfront Brokerage LLC, Member FINRA/SIPC. The Annual Percentage Yield (“APY”) on cash deposits as of December 27,‬ 2024, is representative, subject to change, and requires no minimum. Funds in the Cash Account are swept to partner banks where they earn the variable‭ APY. Promo terms and FDIC coverage conditions apply. Same-day withdrawal or instant payment transfers may be limited by destination institutions, daily transaction caps, and by participating entities such as Wells Fargo, the RTP® Network, and FedNow® Service. New Cash Account deposits are subject to a 2-4 day holding period before becoming available for transfer. Timestamps (00:00) Michael Kilgard (03:24) Neuroplasticity (05:13) Child vs Adult Plasticity, Childhood Development & Learning (09:37) Sponsors: Eight Sleep & Wealthfront (12:41) Kids, Real vs Artificial Experiences & Balance, Video Games, Natural World (21:13) Social Media & Videos, Kids, Overstimulation & Development (33:42) Early Language Development, Passive vs Real Experiences, Kids & Adults (39:23) Sponsors: AG1 & Carbon (42:44) Learning & Plasticity Requirements; Focus, Friction, Rest & Reflection (52:24) Brain Connections, Complexity, Life Experiences & Plasticity (1:02:51) Learning, Reflection, Visualization, Testing (1:09:45) Experience Diversity & Time, Happiness, Life Appreciation (1:18:05) Sponsor: Function (1:19:53) Learning & Life Meaning (1:23:25) Neuromodulators, Brain Complexity, Synaptic Eligibility Trace & Learning (1:34:28) Synapses, Therapy for PTSD, Rewiring the Brain (1:39:01) Vagus Nerve Stimulation (VNS), Stroke, Spinal Cord Injury, Tinnitus, PTSD (1:47:33) Psychedelics, Neurostimulation, Importance of Timing (1:57:47) Electroconvulsive Therapy (ECT) & Major Depression (2:01:51) Psychedelics/SSRIs as Plasticity Tools, SSRIs & Bone Strength, Failed Clinical Trials (2:13:18) Can VNS Accelerate Learning? (2:16:01) VNS Surgery, Patient Use & Specificity, Closed-Loop Vagus Nerve Stimulation (2:18:18) Tinnitus Cause, Incidence & Self-Amplification; PTSD & Control (2:28:12) VNS for Tinnitus; Disease Complexity & Treatments, Lazy Eye (2:41:05) Complexity of Disease Treatments & Combination Therapies (2:48:50) Brain-Machine Interfaces, Information & Experiences; Closed-Loop Feedback; Resilience (2:59:09) Evolving Clinical Trials, Combination Treatments & Disease Complexity (3:05:21) Acknowledgements (3:07:04) Zero-Cost Support, YouTube, Spotify & Apple Follow & Reviews, Sponsors, YouTube Feedback, Protocols Book, Social Media, Neural Network Newsletter Disclaimer & Disclosures Learn more about your ad choices. Visit megaphone.fm/adchoices