Podcasts about paul oh

Paul Oh; Sunday 22 February 2026; https://www.youtube.com/watch?v=INOOE6SlQZ8

Paul Oh, Sunday 15 February 2026; https://www.youtube.com/watch?v=SHWNV6qP39Q

Paul Oh; Sunday 1 February 2026; https://www.youtube.com/watch?v=0gPDk_BYgYE

Paul Oh; Sunday 8 February 2026; https://www.youtube.com/watch?v=Wr15QOnQBio

Paul Oh; Sunday 21 December 2025; https://www.youtube.com/watch?v=ePEabs-BIKA

Paul Oh, Sunday 30 November 2025; https://www.youtube.com/watch?v=gldRg8PnbDo

Paul Oh; Sunday 7 December 2025; https://www.youtube.com/watch?v=qlUFaAn99bM

Paul Oh; Sunday, 9 November 2025; https://www.youtube.com/watch?v=ti2b4CrzpWk

Paul Oh; Sunday, 2 November 2025; https://www.youtube.com/watch?v=CBQRllJtq3Y

Paul Oh; Sunday, 19 October 2025; https://www.youtube.com/watch?v=nX6CTm_mv-k

Paul Oh; Sunday, 12 October 2025; https://www.youtube.com/watch?v=S61lyF7UTpY

Paul Oh; Sunday, 14 September; https://www.youtube.com/watch?v=LhZjV0KCqb8

Paul Oh; Sunday 24 August 2025https://www.youtube.com/watch?v=l3fKlrBDzNM

Paul Oh; Sunday, 10 August 2025; https://www.youtube.com/watch?v=-Q2mxyFl92M

Paul Oh; Sunday 27 July 2025; https://www.youtube.com/watch?v=EXVEIedlEN4

Paul Oh; Sunday 20 July 2025;https://www.youtube.com/watch?v=2uD20DlgVWI

Paul Oh, Sunday 29 June 2025; https://www.youtube.com/watch?v=fpp27TRHeSg

Paul Oh; Sunday 22June 2025 https://www.youtube.com/watch?v=Z6C0cFPYmxA

Paul Oh; Sunday 15 June 2025 https://youtube.com/live/RByX6bcfLbE

Paul Oh; Sunday 8 June 2025https://www.youtube.com/watch?v=nPjbPXZRsrM

Paul Oh, 1 June 2025https://www.youtube.com/watch?v=HlTN5GsvOwA

Paul Oh, Sunday, 18 May 2025https://www.youtube.com/watch?v=VtRLPQ-U06o

Paul Oh; Sunday 27-April-2025;https://youtube.com/live/sbLNafBipL4?feature=share

Inside the Gold Dome: Legislative Recap with Senator Shawn Still and Paul Oh Welcome to this episode of Voice of Business, presented by the Gwinnett Chamber! Today, we're diving into the 2025 Legislative Session with guest host Paul Oh, Vice President of Public Policy and External Affairs at the Gwinnett Chamber, and special guest Senator […] The post Episode 9: Inside the Gold Dome: Legislative Recap appeared first on Business RadioX ®.

Paul Oh, Sunday 30 March 2025

Send us a textPaul has been a dedicated public educator for over 24 years. His goal is to blend the love for education with a passion about finances to help lay out a strategic plan to assist teachers with their retirement goals.  Many financial advisors and supplemental retirement plans have both outrageously high fees mixed with limited knowledge about Ohio (or other state) pension plans. Paul believes that teachers deserve fair, specific and detailed assistance from someone who understands the profession. Listen in as Paul shares his journey from investing as a teen to now assisting his district with low cost investing options like Vanguard for his teachers.  In addition, Paul is speaking to prospective teachers at local colleges and sharing financial independence so they don't make the mistakes that most of us made starting out! CONTACT PAUL: https://www.gwteachers.com/Intelligent Investment Today - The Warren Buffett WayINTELLIGENT INVESTMENT TODAY, a Shortcast "mini-podcast" series each around ten...Listen on: Apple Podcasts Spotify

Paul Oh, Sunday 23 March 2025

Paul Oh, Sunday 16 March 2025; https://www.youtube.com/watch?v=zsRF-PfUIVM

Paul Oh, Sunday 9 March 2025, https://www.youtube.com/watch?v=mBXNZf4-GhM

Paul Oh, Sunday 2 March 2025,https://www.youtube.com/watch?v=7kfJz8jYrX4

Paul Oh, Sunday 09 February 2025https://youtube.com/live/dglvayLYaG4

Paul Oh, Sunday 26 January 2025 https://youtube.com/live/qDNaIe_Rlk8

Paul Oh, Sunday 12 January 2025 https://www.youtube.com/watch?v=XenFNQQG9_k

Paul Oh, Sunday 19 January 2025 https://www.youtube.com/watch?v=MqHgOuxAYQA

Paul Oh, Sunday 5 January 2025 https://www.youtube.com/watch?v=SHwCMUDnfz8

Paul Oh, Sunday 29 December 2024 https://www.youtube.com/watch?v=AjrTcAZonhY

Paul Oh, Sunday 22 December 2024 https://www.youtube.com/watch?v=5Fdcjigcyq8

Paul Oh, Sunday 1 December 2024 https://www.youtube.com/watch?v=yROLfxYYV10

Paul Oh, Sunday 24 November 2024 https://www.youtube.com/watch?v=0WsIwCx7wGM

Paul Oh, Sunday 10 November 2024 https://www.youtube.com/watch?v=kGUMbgQD3is

In this episode, Dr. Mathew Bennett sits down with Dr. Lauren Jenkinson, dietitian Anneke Hobson, and Dr. Paul Oh to explore how active transport and climate-friendly diets can enhance both patient health and environmental sustainability. Together, they dive into the science behind sustainable practices, discussing how walking, cycling, and plant-based diets benefit cardiovascular health while reducing our ecological footprint. Join us for an enlightening conversation on simple, impactful changes that make a difference—for our patients and our planet.

Paul Oh, Sunday 20 October 2024 https://www.youtube.com/watch?v=-IOkV-uVl1E

Paul Oh, Sunday 13 October 2024 https://www.youtube.com/watch?v=tOQQDJqI6lQ

We're back! Let's Talk about CBT has been on hiatus for a little while but now it is back with a brand-new host Helen Macdonald, the Senior Clinical Advisor for the BABCP. Each episode Helen will be talking to experts in the different fields of CBT and also to those who have experienced CBT, what it was like for them and how it helped. This episode Helen is talking to one of the BABCP's Experts by Experience, Paul Edwards. Paul experienced PTSD after working for many years in the police. He talks to Helen about the first time he went for CBT and what you can expect when you first see a CBT therapist. The conversation covers various topics, including anxiety, depression, phobias, living with a long-term health condition, and the role of measures and outcomes in therapy. In this conversation, Helen MacDonald and Paul discuss the importance of seeking help for mental health struggles and the role of CBT in managing anxiety and other conditions. They also talk about the importance of finding an accredited and registered therapy and how you can find one. If you liked this episode and want to hear more, please do subscribe wherever you get your podcasts. You can follow us at @BABCPpodcasts on X or email us at podcasts@babcp.com. Useful links: For more on CBT the BABCP website is www.babcp.com Accredited therapists can be found at www.cbtregisteruk.com Credits: Music is Autmn Coffee by Bosnow from Uppbeat Music from #Uppbeat (free for Creators!): https://uppbeat.io/t/bosnow/autumn-coffee License code: 3F32NRBYH67P5MIF   Transcript: Helen: Hello, and welcome to Let's Talk About CBT, the podcast where we talk about cognitive and behavioural psychotherapies, what they are, what they can do, and what they can't. I'm Helen Macdonald, your host. I'm the senior clinical advisor for the British Association for Behavioural and Cognitive Psychotherapies. I'm really delighted today to be joined by Paul Edwards, who is going to talk to us about his experience of CBT. And Paul, I would like to start by asking you to introduce yourself and tell us a bit about you. Paul: Helen, thank you. I guess the first thing it probably is important to tell the listeners is how we met and why I'm talking to you now. So, we originally met about four years ago when you were at the other side of a desk at a university doing an assessment on accreditation of a CBT course, and I was sitting there as somebody who uses his own lived experience, to talk to the students, about what it's like from this side of the fence or this side of the desk or this side of the couch, I suppose, And then from that I was asked if I'd like to apply for a role that was being advertised by the BABCP, as advising as a lived experience person. And I guess my background is, is a little bit that I actually was diagnosed with PTSD back in 2009 now, as a result of work that I undertook as a police officer and unfortunately, still suffered until 2016 when I had to retire and had to reach out. to another, another psychologist because I'd already had dealings with psychologists, but, they were no longer available to me. And I actually found what was called at the time, the IAPT service, which was the Improving Access to Psychological Therapies. And after about 18 months treatment, I said, can I give something back and can I volunteer? And my life just changed. So, we met. Yeah, four years ago, probably now. Helen: thank you so much, Paul. And we're really grateful to you for sharing those experiences. And you said about having PTSD, Post Traumatic Stress Disorder, and how it ultimately led to you having to retire. And then you found someone who could help. Would you like to just tell us a bit about what someone might not know about being on the receiving end of CBT? Paul: I feel that actual CBT is like a physiotherapy for the brain. And it's about if you go to the doctors and they diagnose you with a calf strain, they'll send you to the physio and they'll give you a series of exercises to do in between your sessions with your physio to hopefully make your calf better. And CBT is very much, for me, like that, in as much that you have your sessions with your therapist, but it's your hard work in between those sessions to utilize the tools and exercises that you've been given, to make you better. And then when you go back to your next session, you discuss that and you see, over time that you're honing those tools to actually sometimes realising that you're not using those tools at all, but you are, you're using them on a daily basis, but they become so ingrained in changing the way you think positively and also taking out the negativity about how you can improve. And, and yeah, it works sometimes, and it doesn't work sometimes and it's bloody hard work and it is shattering, but it works for me. Helen: Thank you, Paul. And I think it's really important when you say it's hard work, the way you described it there sounds like the therapist was like the coach telling you how to or working with you to. look at how you were thinking and what you were doing and agreeing things that you could change and practice that were going to lead to a better quality of life. At the same time though, you're thinking about things that are really difficult. Paul: Yeah. Helen: And when you say it was shattering and it was really difficult, was it worth it? Paul: Oh God. Yeah, absolutely. I remember way back in about 2018, it would be, that there was, there was a fantastic person who helped me when I was coming up for retirement. And we talked about what I was going to do when I, when I left the police and I was, you know, I said, you know, well, I don't know, but maybe I've always fancied being a TV extra and, That was it. And I saw her about 18 months later, and she said, God, Paul, you look so much better. You're not grey anymore. You know, what have you done about this? And it was like, she said I was a different person. Do I still struggle? Yes. Have I got a different outlook on life? Yes. Do I still have to take care of myself? Yes. But, I've got a great life now. I'm living the dream is my, is my phrase. It is such a better place to be where I am now. Helen: I'm really pleased to hear that, Paul. So, the hard work that you put into changing things for the better has really paid off and that doesn't mean that everything's perfect or that you're just doing positive thinking in the face of difficulty, you've got a different approach to handling those difficulties and you've got a better quality of life. Paul: Yeah, absolutely. And don't get me wrong, I had some great psychologists before 2016, but I concentrated on other things and we dealt with other traumas and dealt with it in other ways and using other, other ways of working. I became subjected to probably re traumatising myself because of the horrendous things I'd seen and heard. So, it was about just changing my thought processes and, and my psychologist said, Well, you know, we don't want to re traumatise you, let's look at something different. Let's look at a different part and see if we can change that. And, and that was, very difficult, but it meant that I had to look into myself again and be honest with myself and start thinking about my honesty and what I was going to tell my psychologist because I wanted to protect that psychologist because I didn't want them to hear and talk about the things that I'd had to witness because I didn't think it was fair, but I then understood that I needed to and that my psychologist would be taken care of. Which was, which was lovely. So, I became able to be honest with myself, which therefore I can be honest with my therapist. Helen: Thank you, Paul. And what I'm hearing there is that one of your instincts, if you like, in that situation was to protect the therapist from hearing difficult stuff. And actually the therapist themselves have their own opportunity to talk about what's difficult for them. So, the person who's coming for therapy can speak freely, although I'm saying that it's quite difficult to do. And certainly Post Traumatic Stress Disorder isn't the only thing that people go for CBT about, there are a number of different anxiety difficulties, depression, and also a wider range of things, including how to live well with a long term health condition and your experience could perhaps really help in terms of somebody going for their first session, not knowing what to expect. As a CBT therapist, I have never had somebody lie down on a couch. So, tell us a little bit about what you think people should know if they are thinking of going for CBT or if they think that somebody they care about might benefit from CBT. What's it like going for that first appointment? Paul: Bloody difficult. It's very difficult because by the very nature of the illnesses that we have that we want to go and speak to a psychologist, often we're either losing confidence or we're, we're anxious about going. So I have a phrase now and it's called smiley eyes and it, and it was developed because the very first time that I walked up to the, the place that I had my CBT in 2016, the receptionist opened the door and had these most amazing engaging smiley eyes and it, it drew me in. And I thought, wow. And then when I walked through the door and saw the psychologist again, it was like having a chat. It was, I feel that for me, I know now, I know now. And I've spoken to a number of psychologists who say it's not just having a chat. It is to me. And that is the gift of a very good psychologist, that they are giving you all these wonderful things. But it's got to be a collaboration. It's got to be like having a chat. We don't want to be lectured, often. I didn't want to have homework because I hated homework at school. So, it was a matter of going in and, and talking with my psychologist about how it worked for me as an individual, and that was the one thing that with the three psychologists that I saw, they all treated me as an individual, which I think is very, very important, because what works for one person doesn't work for another. Helen: So it's really important that you trust the person and you make a connection. A good therapist will make you feel at ease, make you feel as safe as you can to talk about difficult stuff. And it's important that you do get on with each other because you're working closely together. You use the word collaboration and it's definitely got to be about working together. Although you said earlier, you're not sure about the word expert, you're the expert on what's happening to you, even though the therapist will have some expertise in what might help, the kind of things to do and so there was something very important about that initial warmth and greeting from the service as well as the therapist. Paul: Oh, absolutely. And you know, as I said earlier, I'm honoured to speak at some universities to students who are learning how to be therapists. And the one thing I always say to them is think about if somebody tells you their innermost thoughts, they might never have told anybody and they might have only just realised it and accepted it themselves. So think about if you were sitting, thinking about, should I put in this thesis to my lecturer? I'm not sure about it. And how nervous you feel. Think about that person on the other side of the, you know, your therapy room or your zoom call or your telephone call, thinking about that. What they're going to be feeling. So to get through the door, we've probably been through where we've got to admit it to ourselves. We then got to admit it to somebody else. Sometimes we've then got to book the appointment. We then got to get in the car to get the appointment or turn on the computer. And then we've got to actually physically get there and walk through. And then when we're asked the question, we're going to tell you. We've been through a lot of steps every single time that we go for therapy. It's not just the first time, it's every time because things develop. So, you know, it's, it's fantastic to have the ability to want to tell someone that. So when I say it's fantastic to have the ability, I mean, in the therapist, having the ability to, to make it that you want to tell them that because you trust them. Helen: So that first appointment, it might take quite a bit of determination to turn up in spite of probably feeling nervous and not completely knowing what to expect, but a good therapist will really make the effort to connect with you and then gently try to find out what the main things are that you have come for help with and give you space to work out how you want to say what you want to say so that you both got , a shared understanding of what's going on.So your therapist really does know, or has a good sense of what might help. So, when you think about that very first session and what your expectations were and what you know now about having CBT, what would you say are the main things that are different? Paul: Oh, well, I don't actually remember my first session because I was so poorly. I found out afterwards there was three of us in the room because the psychologist had a student in there, but I was, I, I didn't know, but I still remember those smiley eyes and I remember the smiley eyes of the receptionist. And I remember the smiley eyes of my therapist. And I knew I was in the right place. I felt that this person cared for me and was interested and, you know, please don't think that the, the psychologist before I didn't feel that, you know, they were fantastic, but I was in a different place. I didn't accept it myself. I had different boundaries. I wanted to stay in the police. I, you know, I thought, well, if I, you know, if I admit this, I'm not going to have my, my job and I can't do my job. So a hundred percent of me was giving to my job. And unfortunately, that meant that the rest of my life couldn't cope, but my job and my professionalism never waned because I made sure of that, but it meant that I hadn't got the room in my head and the space in my head for family and friends. And it was at the point that I realized that. It wasn't going to be helpful for the rest of my life that I had to say, you know what, I'm going to have to, something's going to have to give now. And unfortunately, that was, you know, my career, but up until that point, I'm proud to say that I worked at the highest level and I gave a hundred percent. Now I realised that I have to have a life work balance rather than a work life balance, because I put life first. And I say that to everybody have a life work balance. It doesn't mean you can't have a good work ethic. It doesn't mean you can't work hard. It's just what's important in that. So what's the difference between the first session then and the first session now? Well, I didn't remember the first session. Now, I know that that psychologist was there to help me and there to test me and to look at my weaknesses. Look at my issues, but also look at my strengths and make me realize I'd got some because I didn't realise I had. Helen: That's really important, Paul, and thank you for sharing what that was like. I really appreciate that you've been so open and up front with me about those experiences. Paul: So let's turn this round to you then Helen as a therapist And you talked about lots of conditions, and things that people could have help with seeing a CBT therapist because obviously I have PTSD and I have the associated anxiety and depression and I still deal with that. What are the other things that people can have help with that they, some that they do have heard, have heard of, but other things that they might not know can be helped by CBT? Helen: Well, that's a really good question. And I would say that CBT is particularly good at helping people with anxiety and depression. So different kinds of anxiety, many people will have heard, for example, of Obsessive-Compulsive Disorder, OCD, or Generalized Anxiety Disorder where people worry a lot, and it's very ordinary to worry, but when it gets out of hand, other things like phobias, for example, where the anxiety is much more than you'd expect for the amount of danger people sometimes worry too much about getting ill or being ill, so they might have an illness anxiety. Those are very common anxiety difficulties that people have. CBT, I mean, you've already mentioned this, but CBT is also very good for depression. Whether that's a relatively short term episode of really low mood, or whether it's more severe and ongoing, then perhaps the less well known things that CBT is good for. For example, helping people live well if they have a psychotic disorder, maybe hearing voices, for example, or having beliefs that are quite extreme and unusual, and want to have help with that. It's also very good for living with a long term health condition where there isn't anything medical that can cure the condition, but for example, living well with something like diabetes or long term pain. Paul: interestingly, you spoke about phobias then, Is the work that a good therapist doing just in the, the consulting room or just over, the, this telephone or, or do you do other things? I'm thinking of somebody I knew who had a phobia of, particular escalators and heights, and they were told to go out and do that. You know, try and go on an escalator and, they managed to get up to the top floor of Selfridges in Birmingham because that's where the shoes were and that helped. But would you just, you know, would you just talk about these things, or do you go out and about or do you encourage people to, to do these with you and without? Helen: Again, that's, that's a really good point, Paul, and the psychotherapy answer is it depends. So let's think about some examples. So sometimes you will be mostly in the therapist's office or, and as you've mentioned, sometimes on the phone or it can be on a video call. but sometimes it's really, really useful to go out and do something together. And when you said about somebody who's afraid of being on an escalator, sometimes it really helps to find a way of doing that step by step and doing it together. So, whether that's together with someone else that you trust or with the therapist, you might start off by finding what's the easiest escalator that we've got locally that we can use and let's do that together. And let me walk up the stairs and wait for you and you do it on your own, but I'll be there waiting. Then you do it on your own and come back down and meet me. Then go and do it with a friend and then do it on your own. So, there's a process of doing this step by step. So you are facing the fear, you are challenging how difficult it is to do this when you're anxious. But you find a place where you can take the anxiety with you successfully, so we don't drop you in the deep end. We don't suddenly say, right, you're going all the way to the fifth floor now. We start one step at a time, but we do know that you want to get to the shoes or whatever your own personal goal and motivation is there's got to be a good reason to do it gives you something to aim towards, but also when you've done it, there's a real sense of achievement. And if I'm honest as a therapist, it's delightful for me as well as for the person I'm working with when we do achieve that. Sometimes it isn't necessarily that we're facing a phobia, but it might be that we're testing out something. Maybe, I believe that it's really harmful for me to leave something untidy or only check something once. We might do an experiment and test out what it's like to change what we're doing at the moment and see what happens. And again, it's about agreeing it together. It's not my job to tell somebody what to go and do. It's my job to work with somebody to make sure that they've got the tools they need to take their anxiety with them. And sometimes that anxiety will get less, it'll get more manageable. Sometimes it goes away altogether, but that's not something I would promise. What I would do is work my very hardest to make the anxiety so that the person can manage it successfully and live their life to the full, even if they do still have some. Paul: And, and for me, I think one of the things that I remember is that my, you know, my mental health manifested itself in physical symptoms as well. So it was like when I was thinking about things, I was feeling sick, I was feeling tearful. and that's, that's to be expected at times, isn't it? And, and even when you're facing your fears or you're talking through what you're experiencing. It's, it's, it's a normal thing. And, and even when I had pure CBT, it can be exhausting. And I said to my therapist, please. Tell people that, you know, your therapy doesn't end in the session. And it's okay to say to people, well, go and have a little walk around, make sure you can get somebody to pick you up or make sure you can get home or make sure you've got a bit of a safe space for half an hour afterwards and you haven't got to, you know, maybe pick the kids up or whatever, because that that's important time for you as well. Helen: That's a really important message. Yes, I agree with you there, Paul, is making sure that you're okay, give yourself a bit of space and processing time and trying to make it so that you don't have to dash straight off to pick up the kids or go back to work immediately, trying to arrange it so that you've got a little bit of breathing space to just make sure you're okay, maybe make a note of important things that you want to think about later, but not immediately dashing off to do something that requires all your concentration. And I agree with you, it is tiring. You said at the beginning it's just having a chat and now you've talked about all the things that you actually do in a session. It's a tiring chat and tiring to talk about how it feels, tiring to think about different ways of doing things, tiring to challenge some of the assumptions that we make about things. Yes it is having a chat, but really can be quite tiring. Paul: And I think that the one thing that you said in there as well, you know, you talk about what would you recommend. Take a pen and paper. Because often you cannot remember. everything you put it in there. So, make notes if you need to. Your therapist will be making notes, so why can't you? And also, you know, I think about some of the tasks I was given in between my sessions, rather than calling it my homework, my tasks I was given in between sessions to, I suffered particularly with, staying awake at night thinking about conversations I was going to have with the person I was going to see the next day and it manifested itself I would actually make up the conversations with every single possible answer that I could have- and guess what- 99 times out of 100 I never even saw the person let alone had the conversation. So it was about even if I'm thinking in the middle of the night, you know, what I'm going to do, just write it down, get rid of it, you know, and I guess that's, you know, coming back again, Helen to put in the, the ball in your court and saying, well, what, what techniques are there for people? Helen: Well, one of the things that you're saying there about keeping a note and writing things down can be very useful, partly to make sure that we don't forget things, but also so that it isn't going round and round in your head. The, and because it's very individual, there may be a combination of things like step by step facing something that makes you anxious, step by step changing what you're doing to improve your mood. So perhaps testing out what it's like to do something that you perhaps think you're not going to enjoy, but to see whether it actually gives you some sense of satisfaction or gives you some positive feedback, testing out whether a different way of doing something works better. So there's a combination of understanding what's going on, testing out different ways of doing things, making plans to balance what things you're doing. Sometimes there may be things about resting better. So you said about getting a better night's sleep and a lot of people will feel that they could manage everything a bit better if they slept better. So that can be important. Testing out different ways of approaching things, asking is that reasonable to say that to myself? Sometimes people are thinking quite harsh things about themselves or thinking that they can't change things. But with that approach of, well, let's see, if we test something out different and see if that works. So there's a combination of different things that the therapist might do but it should always be very much the, you're a team, you're working together, your therapist is right there alongside you. Even when you've agreed you're going to do something between sessions, it's that the therapist has agreed this with you. You've thought about what might happen if you do this and how you're going to handle it. And as you've said, sometimes it's a surprise that it goes much better than we thought it was going to. So, so we're testing our predictions and sometimes it's a surprise. It's almost like being a scientist. You're doing experiments, you're testing things out, you're seeing what happens if you do this. And the therapist will have some ideas about the kind of things that will work. but you're the one doing, doing the actual doing of it. Paul: And little things like, you know, I, I remember, I was taught a lovely technique and it's called the 5, 4, 3, 2, 1, technique about when you're anxious. And it's about, I guess it's about grounding yourself in the here and now and not, trying to worry about what you're anxious about so you try and get back into what is there now. Can you just explain that? I mean, I know I know I'm really fortunate. I practice it so much. I probably call it the 2-1 So could you just explain how what that is in a more eloquent way than myself? Helen: I think you explained that really well, Paul, but what we're talking about is doing things that help you manage anxiety when it's starting to get in the way and bringing yourself back to in the here and now. And for example, it might be, can I describe things that I can see around me? Can I see five things that are green? Can I feel my feet on the floor? Tell whether it's windy and all of those things will help to make me aware of being in the here and now and that the anxiety is a feeling, but I don't have to be carried away by it. Paul: And there's another lovely one that, I, you know, when people are worrying about things and, it's basically about putting something in a box and only giving yourself a certain time during the day to worry about those things when you open the box and often when you've got that time to yourself. So give yourself a specific time where you, you know, are not worrying about the kids or in going to sport or doing whatever. So you've got yourself half an hour and that's your worry time in essence. And, you know, I use it on my phone and it's like, well, what am I worrying about? I'll put that in my worry box and then I'll only allow myself to look at that between seven and half past tonight. And by the time I've got there, I'll be done. I'm not worrying about the five things. I might be worrying slightly about one of them, but that's more manageable. And then I can deal with that. So what's the thought behind? I guess I've explained it, but what, what's the psychological thought behind that? And, and who would have devised that? I mean, who are these people who have devised CBT in the past? Because we haven't even explored that yet. Helen: Well, so firstly, the, the worry box idea, Paul, is it's a really clever psychological technique is that we can tell ourselves that we're going to worry about this properly later. Right now, we're busy doing something else, but we've made an appointment with ourselves where we can worry properly about it. And like you've said, if we reassure ourselves that actually, we are, we're going to deal with what's going on through our mind. It reassures our mind and allows it not to run away with us. And then when we do come to it, we can check, well, how much of a problem is this really? And if it's not really much of a problem, it's easier to let it go. And if it really is a problem, we've made space to actually think about, well, what can I do about it then? so that technique and so many of the other techniques that are part of Cognitive and Behavioural psychotherapies have been developed in two directions, I suppose. In one direction, it's about working with real people and seeing what happens to them, and checking what works, and then looking at lots of other people and seeing whether those sorts of things work. So, we would call that practice based evidence. So, it's from doing the actual work of working with people. From the other direction, then, there is more laboratory kind of science about understanding as much as we can about how people behave and why we do what we do, and then if that is the case, then this particular technique ought to work. Let's ask people if they're willing to test it out and see whether it works, and if it works, we can include that in our toolkit. Either way, CBT is developed from trying to work out what it is that works and doing that. So, so that's why we think that evidence is important, why it's important to be scientific about it as far as we can, even though it's also really, really important that we're working with human beings here. We're working with people and never losing sight of. That connection and collaboration and working together. So although we don't often use the word art and science, it is very much that combination Paul: And I guess that's where the measures and outcomes, you know, come into the science part and the evidence base. So, so for me, it's about just a question of if I wanted to read up on the history of CBT, which actually I have done a little. Who are the people who have probably started it and made the most influence in the last 50 years, because BABCP is 50 years old now, so I guess we're going back before that to the start of CBT maybe, but who's been influential in that last 50 years as well? Helen: Well, there are so many really incredible researchers and therapists, it's very hard to name just a few. One of the most influential though would be Professor Aaron T. Beck, who was one of the first people to really look into the way that people think has a big impact on how they feel. And so challenging, testing out whether those thoughts make sense and experimenting with doing things differently, very much influenced by his work and, and he's very, very well known in our field, from, The Behavioural side, there've been some laboratory experiments with animals a hundred years ago. And I must admit nowadays, I'm not sure that we would regard it as very ethical. Understanding from people-there was somebody called BF Skinner, who very much helped us to understand that we do things because we get a reward from them and we stop doing things because we don't or because they feel, they make us feel worse. But that's a long time ago now. And more recently in the field, we have many researchers all over the world, a combination of people in the States, in the UK, but also in the wider global network. There's some incredible work being done in Japan, in India, you name it. There's some incredible work going on in CBT and it all adds to how can we help people better with their mental health? Paul: and I think that for me as the patient and, and being part of the BABCP family, as I like to, to think I'm part of now, I've been very honoured to meet some very learned people who are members of the BABCP. And it, it astounds me that, you know, when I talk to them, although it shouldn't, they're just the most amazing people and I'm very lucky that I've got a couple of signed books as well from people that I take around, when I do my TV extra work. And one of them is a fascinating book by Helen Macdonald, believe it or not on long term conditions that, that I thoroughly recommend people, read, and another one and another area that I don't think we've touched on that. I was honoured to speak with is, a guy called, Professor Glenn Waller, who writes about eating disorders. So eating disorders. It's one of those things that people maybe don't think about when they think of CBT, but certainly Glenn Waller has been very informative in that. And how, how do you feel about the work in that area? And, and how important that may be. I know we'll probably go on in a bit about how people can access, CBT and, you know, and NHS and private, but I think for me is the certain things that maybe we need to bring into the CBT family in NHS services and eating disorders for me would be one is, you know, what are your thoughts about those areas and other areas that you'd like to see brought into more primary care? Helen: Again, thank you for bringing that up, Paul. And very much so eating disorders are important. and CBT has a really good evidence base there and eating disorders is a really good example of where somebody working in CBT in combination with a team of other professionals, can be particularly helpful. So perhaps working with occupational therapists, social workers, doctors, for example. And you mentioned our book about persistent pain, which is another example of working together with a team. So we wrote that book together with a doctor and with a physiotherapist. Paul: Yeah, yeah. Helen: And so sometimes depending on what the difficulties are, working together as a team of professionals is the best way forward. There are other areas which I haven't mentioned for example people with personality issues which again can be seen as quite severe but there is help available and at the moment there is more training available for people to be able to become therapists to help with those issues. And whether it's in primary care in the NHS or in secondary care or in hospital services, there are CBT therapists more available than they used to be and this is developing all the time. And I did notice just then, Paul, that you said about, whether you access CBT on the NHS and, and you received CBT through the NHS, but there are other ways of accessing CBT. Paul: That was going to be my very next question is how do we as patients feel, happy that the therapist we are seeing is professionally trained, has got a, a good background and for want of a phrase that I'm going to pinch off, do what it says on the tin. But do what it says on the tin because I, I am aware that CBT therapists aren't protected by title. So unfortunately, there are people who, could advertise as CBT therapist when they haven't had specific training or they don't have continual development. So, The NHS, if you're accessing through the NHS, through NHS Talking Therapies or anything, they will be accredited. So, you know, you can do that online, you can do it via your GP. More so for the protection of the public and the making sure that the public are happy. What have the BABCP done to ensure that the psychotherapists that they have within them do what they say it does on the tin. Helen: yes, that's a number of very important points you're making there, Paul. And first point, do check that your therapist is qualified. You mentioned accredited. So a CBT psychotherapist will, or should be, Accredited which means that they can be on the CBT Register UK and Ireland. That's a register which is recognised by the Professional Standards Authority, which is the nearest you can get to being on a register like doctors and nurses. But at the moment, anyone can actually call themselves a psychotherapist. So it's important to check our register at BABCP. We have CBT therapists, but we have other people who use Cognitive and Behavioural therapies. Some of those people are called Wellbeing Practitioners that are probably most well known in England. We also have people who are called Evidence Based Parent Trainers who work with the parents of children and on that register, everybody has met the qualifications, the professional development, they're having supervision, and they have to show that they work in a professional and ethical way and that covers the whole of Ireland, Scotland, Wales and England. So do check that your therapist is on that Register and feel free to ask your therapist any other questions about specialist areas. For example, if they have qualifications to work particularly with children, particularly with eating disorders, or particularly from, with people from different backgrounds. Do feel free to ask and a good therapist will always be happy to answer those questions and provide you with any evidence that you need to feel comfortable you're working with the right person. Paul: that's the key, isn't it? Because if it's your hard-earned money, you want to make sure that you've got the right person. And for me, I would say if they're not prepared to answer the question, look on that register and find somebody who will, because there's many fantastic therapists out there. Helen: And what we'll do is make sure that all of those links, any information about us that we've spoken in this episode will be linked to on our show page. Paul, we're just about out of time. So, what would you say are the absolute key messages that you want our listeners to take away from this episode? What the most important messages, Paul: If you're struggling, don't wait. If you're struggling, please don't wait. Don't wait until you think that you're at the end of your tether for want of a better phrase, you know, nip it in the bud if you can at the start, but even if you are further down the line, please just reach out. And like you say, Helen, there's, there's various ways you can reach out. You can reach out via the NHS. You can reach out privately. I think we could probably talk for another hour or two about a CBT from my perspective and, and how much it's, it has meant to me. But also what I will say is I wish I'd have known now what, or should I say I wish I knew then what I knew now about being able to, to, to open myself up, more than, you know, telling someone and protecting them as well, because there was stuff that I had to re-enter therapy in 2021. And it took me till then to tell my therapist something because I was like disgusted with myself for having seen and heard it so much. But actually, it was really important in my continual development, but yeah, don't wait, just, just, you know, reach out and understand that you will have to work hard yourself, but it is worth it at the end. If you want to run a marathon. You're not going to run a marathon by just doing the training sessions when you see your PT once a week. And you are going to get cramp, and you are going to get muscle sores, and you are going to get hard work in between. But when you complete that marathon, or even a half marathon, or even 5k, or even 100 meters, it's really worth it. Helen: Paul, thank you so much for joining us today. We're really grateful for you speaking with me and it's wonderful to hear all your experiences and for you to share that, to encourage people to seek help if they need it and what might work. Thank you. Paul: Pleasure. Thanks Helen.

Mike D recaps his epic weekend.See omnystudio.com/listener for privacy information.

I'm off in San Diego this week, but don't think that I forgot about you! On today's episode, I discuss the following:Some unfair circumstances Charles Oliveira has been dealt ... again (00:52)Joe Rogan's assertion that Alexander Volkanovski is the No. 1 pound-for-pound fighter in the world (10:01)Why Michael Chandler looks more desperate with each passing day (17:00)Dillon Danis and how a win over Logan Paul could open up a world of opportunities (33:12)Plus, I tell tales about Sean Strickland's beat-up Hyundai, my time on "The Celebrity Apprentice," and my favorite hip-hop line of all time.Thank you to this episode's sponsor - VESSI - visit Vessi.com/chael & use code: CHAEL for 15% off 

I'm off in San Diego this week, but don't think that I forgot about you! On today's episode, I discuss the following:Some unfair circumstances Charles Oliveira has been dealt ... again (00:52)Joe Rogan's assertion that Alexander Volkanovski is the No. 1 pound-for-pound fighter in the world (10:01)Why Michael Chandler looks more desperate with each passing day (17:00)Dillon Danis and how a win over Logan Paul could open up a world of opportunities (33:12)Plus, I tell tales about Sean Strickland's beat-up Hyundai, my time on "The Celebrity Apprentice," and my favorite hip-hop line of all time.Thank you to this episode's sponsor - VESSI - visit Vessi.com/chael & use code: CHAEL for 15% off Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

“So what kind of ‘Christian' are you?”That's a question that many of us have probably been asked before. I remember that back in the early days when we were just getting started as a church, it seemed like I got asked that question all the time. I'd be talking with a neighbor or somebody, and I'd mentioned that we were planting a church, and naturally they'd want to know, “What kind of church? What kind of Christian are you?”That's a good question. It's obvious to everyone that there are lots of people and churches who call themselves Christians and they're all different, sometimes in major ways, sometimes in minor ways, and it can be confusing. So when we're talking to people unfamiliar with Christianity, we should be able to help them out.Where are we — where is our church — on the map of Christianity? One goal of this sermon is to answer that question — and that's because our passage today — Hebrews 8:7–13, which is mainly Jeremiah 31:31–34 — this passage, how you understand this passage, is a dividing line of minor theological differences among Christians.And you'll see what I mean when we get there, but before we do, I'd like to back way up and talk about major theological differences. What are the broadest possible differences among those who claim to be Christians? [That question starts way out here and then we're gonna funnel it down.First, let me pray:Father in heaven, thank you for your word, because your word is truth. This morning (and always) we ask, by your Holy Spirit, guide us in your truth for your glory, in Jesus's name, amen. Our Final AuthoritySo with this funnel, up here, the broadest differences among those who claim to be Christians has to do with how you order three sources of authority. Everyone who claims to be a Christian recognizes the authority of the Bible, church tradition, and human reason. That's common all across the board. The major differences emerge when it comes to which one of those authorities is the top authority. And this creates three basic categories:Here's the first: if you put church tradition on top it means that you don't deny the authority of the Bible or the role of human reasoning, but they're both subjected to church tradition. Church tradition is the final buck-stopper, which means you're highest appeal to matters of faith and practice is going to be the church itself through its counsels and history. This is the way it goes with Roman Catholic and Eastern Orthodox churches.The second category are those who claim to be Christians and put human reason as the top authority. They recognize that the Bible and church tradition have value, but ultimately, the most decisive factor when it comes to faith and practice is human reasoning, and the real question here is: “What makes most sense to the way the world thinks?” And the big problem with this category is that the way the world thinks is also called “the spirit of the age.” This category ends up always trying to accommodate or syncretize Christian truth with popular cultural views. This is the way it goes with liberal or progressive ‘churches.'This syncretism project really started back in the 18th century with the Enlightenment and then Darwin's evolutionary theory, and today this is mostly seen in views about anthropology and sexuality. For example, there are today whole denominations and churches who claim to be Christian but think it's okay to kill pre-born babies and mutilate children (basically they look just like the Democratic Party). How'd that happen? Because they put human reasoning (influenced by the spirit of the age) above the Bible as the top source of authority.Now the third category are those Christians who say the Bible is the top and final authority. They appreciate church tradition and human reason, but both are subjected ultimately to what the Bible says. If church tradition or human reason claim something that contradicts the Bible, the Bible wins.And sometimes that leads to Reformation, which is exactly what happened in the 16th century. There was the sell of indulgences and the false teaching of purgatory — Martin Luther was like: Where's that at in the Bible? What does the Bible say? Everything comes back to this Book!This category is largely considered Evangelical Protestant or Reformational, and what distinguishes this kind of Christian from the other categories is that they believe the Bible is the final authority for faith and practice. If somebody were to ask you what kind of church we are, a fine answer would be to say that we're this kind. This is a Bible-believing church. We are Bible-believing Christians. And I like that phrase. It's a good phrase.But now, get this: under this category of Evangelical Protestant and Bible-believing, right here in the funnel, it goes like this [spreads]. There's are lots of minor differences.Where is our church at here? Well, if you want to know in detail, you can go read our Elder Affirmation of Faith, but it's important to understand that at this point the disagreements within this category of Evangelical Protestant are good-faith disagreements about what the Bible says about secondary issues. Everyone here says the Bible is the final authority, it's just that some claim the Bible says this and the others claim the Bible says that. And Jeremiah 31 and the New Covenant is the case in point. This is our passage today in Hebrews 8, and now I'd like to show you what we believe the Bible says here. Catching Up on ContextIn Chapter 8, let's start by looking at verse 6. To review the last couple weeks, remember that the writer of Hebrews has labored in Chapter 7 to show us that Jesus is our great high priest in the order of Melchizedek, and that makes him the guarantor of a better covenant. Because Jesus is our high priest we have a better salvation. The writer repeats this point again in Chapter 8, verse 6. Look at the words in verse 6: “But as it is, Christ has obtained a ministry that is as much more excellent than the old as the covenant he mediates is better, since it is enacted on better promises.” Jesus mediates a better covenant because it's enacted on better promises — now, don't you think the writer should tell us what those better promises are?Let's keep reading. Verse 7: “For if that first covenant had been faultless, there would have been no occasion to look for a second. 8 For he finds fault with them when he says…” And then the writer gives us a long quote from Jeremiah 31:31–34 that describes that second covenant (called the new covenant). Here's the logic: The new covenant is enacted on better promises and what makes these promises better is how they contrast to the old covenant faults. The faults of the old covenant occasioned the need for a new covenant established on better promises (that's verse 7). But what were these faults of the old covenant that the new covenant solves? That's exactly what the writer starts to tell us in verse 8 in the Jeremiah 31 quote, but it's interesting because he doesn't say, “Here are the problems with the old covenant …” but he just states the new covenant. He gives the longest Old Testament quote in the New Testament, with basically no commentary. No milk and sugar here. This is straight black-coffee full quote — which is amazing because it implies that it should be obvious how the new covenant is better. It should be obvious to us how the old covenant faults are answered by new covenant better promises. Jeremiah 31:31–34 can stand on its own and tell us what was wrong with the old covenant and what's better about the new. There are three things to highlight here — three new covenant realities that make it better than the old covenant:1) The New Covenant targets the Old Covenant problem of unbelief and unfaithfulness.And this first point gets at the overarching difference between the new covenant and the old covenant. The main fault (the big problem) of the old covenant was the covenant unfaithfulness of Israel, God's covenant partners. That is precisely what the new covenant addresses. Look at verse 8. This is Jeremiah 31:31–32, “Behold, the days are coming, declares Yahweh,when I will establish a new covenant with the house of Israeland with the house of Judah,9 not like the covenant that I made with their fatherson the day when I took them by the hand to bring them out of the land of Egypt.” So we know it's a new covenant, not like the old covenant. Well, how is it not like the old covenant? What's wrong with the old covenant? Verse 9: “For they [Israel] did not continue in my covenant,and so I showed no concern for them, declares Yahweh.” The problem with the old covenant was that God made the covenant with a people who were unfaithful. God's covenant partners could not keep the covenant. They broke the covenant, and they did it right away. It had only been a few months since God rescued the people from Egypt through amazing signs and wonders. It was only 40 days after they received the law. And what do they do? They start worshiping a golden calf. They right away showed themselves to be faithless.This is important, because it means we can't simply think of the old covenant as old, but also as broken. Now we know the covenant didn't just end there in the Book of Exodus, it continued on through the Old Testament, but it was broken from the start. It continued on with faults. Imagine a car that gets wrecked and beat up pretty badly, but it still runs, at least for now. It's got a couple spares tires, one headlight, the back windshield is busted out so it has a trash bag duct-taped over it. That's the old covenant basically right away. It's broken.And that fact is really the foremost reality of Israel's story as we come to the New Testament. It was super clear to the Old Testament prophets. Remember that these prophets carried out their prophetic ministry as they sat in the anticipation and ruins of God's judgment on Israel. That's where Jeremiah was when he prophesied these words. Jeremiah knew that the Babylonians were coming as God's judgment on Israel because they were covenant-breakers — and so God gave him a vision beyond that judgment to a future day when God would solve that primary problem. In one way, the entire Old Testament anticipates this. If there is one theme that's obvious in the Old Testament it's that humans are a mess — that's humans in general, and Israel in particular. And we've seen this so clearly as we've preached through Genesis, Exodus, and Leviticus. Israel is a stiff-necked, hard-hearted people. That phrase for hard-hearted or “stubbornness of heart” is used eight times by Jeremiah. In Chapter 17 of Jeremiah there's that famous verse that a lot of you have heard before, Jeremiah 17:9, “The heart is deceitful above all things, and desperately sick.” That's the situation of the fallen, sinful heart, and there's no doubt, that is the issue. That's the problem behind the problem of covenant-breaking — and that's exactly what the new covenant addresses.The main fault (the main problem) with the old covenant is that it's made with covenant-breakers with hard hearts and that's what God is going to do something about.That's what the better promise are going after. Verses 10–12 give us the details.2) All members of the New Covenant have the instruction of Yahweh written on their hearts. Okay, so this new covenant not like the old one, here it is: “For this is the covenant that I will make with the house of Israelafter those days, declares Yahweh:'I will put my laws [torah — God's instructions]I will put my instructions into their minds,and write them on their hearts,and I will be their God,and they shall be my people.‘“ So here's two things that sound similar to the old covenant:First, we've heard this sentence before: “I will be their God and they shall be my people.” God repeats that statement throughout the Old Testament. It's a statement about his covenant relationship with his people.Second, we know that God has law, or instruction. That's not new. As an expression of God's love for his people, he has told his people how we wants them to live as their expression of love for him and others. God has revealed his righteousness to them in this way. The ideas of covenant relationship and law are similar to the old covenant, except that now, look at this: the law, or instruction of Yahweh, is not merely a thing externally revealed that we conform to, but God's instruction goes deeper. God's put his instructions in our minds. He writes his instruction on our hearts. And that changes everything! Everything! Think about this: God's law is on our hearts!Now this isn't mentioned here in Jeremiah, but when God repeats the new covenant through the prophet Ezekiel, he explains the promise, Ezekiel 36:26: “And I will give you a new heart, and a new spirit I will put within you. And I will remove the heart of stone from your flesh and give you a heart of flesh. 27 And I will put my Spirit within you, and cause you to walk in my statutes and be careful to obey my rules.” That is what God is doing when he writes his instruction on our hearts. He is actually giving us new hearts; he gives us his Spirit, in us, who causes us to believe and be faithful.Now, is that a better promise or what?It means this: The Spirit-empowered writing of God's instruction on our new hearts makes every new covenant member endure in faith. See, it's not like the old covenant! There's a transformation of the heart for every new covenant member.And then this transformation, God's instruction on our new hearts, deepens our covenant relationship with God. If you're a member of the new covenant, God is our God and we are his people, or we could also say, God is our Father and we are his sons and daughters. That's the application of the new covenant that the Apostle Paul makes in 2 Corinthians 6. There is a new closeness with God that every member of the new covenant experiences. Verse 11: “And they shall not teach, each one his neighborand each one his brother, saying, ‘Know the Lord,'for they shall all know me,from the least of them to the greatest.This is saying exactly what it sounds like it's saying.Every member of the new covenant knows God.” In the new covenant you don't have to teach or compel one another to know God because everyone already does. And this reality of the new covenant, quoted here in Hebrews 8:11, is verse 34 of Jeremiah 31 and it's actually contrasted to an earlier verse in that same chapter in Jeremiah. Right before Jeremiah announces the new covenant, in Jeremiah 31, verse 29 he says: “In those days they shall no longer say:‘The fathers have eaten sour grapes,and the children's teeth are set on edge.'30 But everyone shall die for his own iniquity. Each man who eats sour grapes, his teeth shall be set on edge.” In the old covenant, you became part of the covenant by physical birth. You became a member of the covenant community by simply physically being born into it, and one thing that meant was that the children had to bear the judgment of their father's sins. The structure of the covenant was physically, genealogically defined — which also meant that although you might be born into the covenant and part of the covenant community, you might not trust Yahweh.That was certainly the case for most of Israel's history. “Father Abraham had many sons, and many sons had Father Abraham” — but very few of them shared the faith of Abraham. There were lots of covenant members, but very few covenant-keepers, and so that meant that some members of the covenant (covenant-keepers) had to urge the other members of the covenant to know God, to believe, to keep the covenant. It meant that they'd sing that song like this:“Father Abraham had many sons, and many sons had Father Abraham, I am one of them, and so are you” — physically, but you have to believe!That's how it went in the Old Testament.And this is one way the new covenant is fundamentally different. It does not have a physical, genealogical structure. It doesn't matter what kind of grapes your momma and daddy eat. You are not simply part of the new covenant because you are physically born, but you become part of the new covenant only when you are spiritually born — which is what the Bible calls the new birth. That's when God does the heart work he promises here. To be a member of the new covenant means you have been born again — new birth — which is why we don't have to say to one another, “Know God.” To be a member of the new covenant means you do know God. The new covenant community is not a mixture of believers and unbelievers like in the old covenant, but in the new covenant all covenant members are believers and only believers are covenant members. See, it's a new and better covenant. Here's the third and final point. This is one more better-promise reality of the new covenant:3) The New Covenant declares the entire forgiveness of all the sins of every covenant member.This is verse 12. “For I will be merciful toward their iniquities,and I will remember their sins no more.” Notice the “for.” This declaration of God's mercy to the members of the new covenant is what grounds this new covenant relationship. If you wondered: what is the foundation of this whole thing? Where does it all come from? It comes from the mercy of God displayed in his forgiveness of the sins of his covenant-partners.And the forgiveness of sins is now a new thing. We know that happened in the old covenant through the sacrificial system. The forgiveness of the people's sins was repeated every year, on the Day of Atonement, but the reason it was repeated every year is because it was always insufficient. God forgave sin but he didn't forget about it. The high priest had to do it all over again the next year. And that's what makes this sentence in verse 12 astounding. God says: “I will remember their sins no more.” God says that about every member of the new covenant. It means that when you enter into the new covenant by repentance and faith in Jesus, because of the new birth, there is nothing left to be done about the penalty of your sin — there is no more action that needs to be taken for your guilt, ever. In the new covenant, being part of this covenant, means that we have the full and entire forgiveness of all our sins. How? Because Jesus says it is the new covenant in my blood … not the blood of bulls and goats, but the blood of Jesus himself. The blood of Jesus atones for our sins by his once-for-all sacrifice at the cross. Church, when Jesus died on the cross, he died for you. He was slain for you as a perfect sacrifice, and as our great high priest, he poured out his blood for you, one time, once and for all, and then he sat down. It's finished. Atonement has been made. The debt has been paid. Your sins are remembered no more!The greatest tension and fault of the old covenant is overcome by Jesus, and we rest in this:We rest in the full and entire forgiveness of all our sins. We rest in the reality of new hearts that God has given to us by his Spirit. We rest in this new deepened relationship, that God is our Father and we are his sons and daughters, and we know him. We rest here. Which means that in the new covenant we don't anticipate that God will do these things in the future, but we declare and enjoy that God has already done them in Jesus and we experience them now. To be a member of the new covenant means that you are filled with the Holy Spirit now, you are a son or daughter of God now, you are forgiven forever now.Either that's true of you or it's not. And if you're part of the new covenant, because of your faith in Jesus, it's true of you.What Baptism DeclaresSo what kind of Christians are we? The kind who, as best as we can, submits ourselves to the word of God as our top authority, and we believe that this is why the new covenant is a better covenant. And we believe that this is what baptism declares. In just a few moments, there are seven individuals who are coming to be baptized as a visible demonstration of their faith-union with Jesus and that they now belong to the new covenant. Because they've been born again and put their faith in Jesus, God has given them new hearts and he has put his Spirit within them, and they know him. They are forgiven for all their sins. They are sons and daughters of God. In baptism they're not saying that they hope God will do this one day in the future, but they're saying that he has. And we get to rejoice with them in the grace of God. Father in heaven, we can't help but say with the apostle Paul: “Oh, the depths of the riches and wisdom and knowledge of God!” Your judgments are unsearchable. Your ways inscrutable. Who has known your mind, Father? Who has been your counselor? Who has given a gift to you that he might be repaid?We stand in awe. To you be all glory! To you be all glory for everything you have done, and to you be all glory in the lives of these being baptized today. Thank you for calling them from death to life. Thank you for uniting them to Jesus by your Spirit and making them part of the new covenant. Father, thank you, in Jesus's name, amen.

Romans 11:33-36 — Sermon by Trevor Hoffman

Allen: All right, passive traders, we have a treat in store for you today. Many of you know about the option continuum, which is basically, you know, our levels of breakdown of where you are as an options trader, you start with level one, you don't know anything. And then you get to level 10, maybe if you want to, which is option professional. And basically a professional means that you are so good at trading options, that you are now trading and managing other people's money and you're getting paid for it. Many of you have reached out to us in the past and said, Hey, I want more information on that. And we haven't really put it out there because I am not doing it myself. Right now, as a professional, I don't I'm not measuring anybody else's money. And so, you know, I'm not the best person to talk to about that. But we keep getting people and be like, hey, you know, I want to learn, I want to learn. So one of our members, Paul Ashcraft, has volunteered to join us today. And I want to thank you, Paul, for coming and helping out. A few a couple of months ago, I think in one of our groups, I think it was a passive group, where I had put in there like, Hey, I'm thinking about starting a hedge fund. So I'm thinking about going professional, right? And he reached out and said, hey, you know, I'm already doing it if you want to, if you want to talk and I can answer your question. So we had an amazing conversation, I learned a lot. And I was like, You know what, this would be really helpful for everybody else. So I asked Paul, hey, could you do it again? And we can record it this time? It was like, Yeah, sure, no foul. And so he's here, Paul, thank you. Thank you for being on thank you for taking the time to do this. Paul: Thank you very much. Pleasure. Allen: And you're Paul is a member of our of a lot of our programs. So passive trading formula, the blank check, and now the credit spread mastery as well. So you know, it's good to see that, hey, if you're a money manager, then you're continuously getting learning and learning new things to help out your students, or your clients, I guess. So. Well, tell me, why did you get into management? What was it that drawed you through that? Paul: Well, I sort of got tricked into it. I had a, I'm a CPA by trade, and I had a client who was becoming an NFL player agent. And he trusted me and wanted me to help him manage his people's NFL players money. So I started the licensing process at that time. And so that sort of tricked me into it. So that sort of fell apart. And then he wasn't getting more leads for what he was doing. So I basically continued since then, so Allen: Okay, so were you already trading on your own? Or before that? Or did you learn as you want to? Paul: Yeah, I've been trading, you know, for quite a while. Off and on. So yeah, I've had some experience of trading. Allen: Okay. So you are comfortable, you could do it? Paul: I knew I needed to learn, I do need to learn some more. But yeah, I feel like I could I knew enough about the world to do that. Allen: Okay. And so you are known as what is a RIA, a registered independent advisor? Paul: Right. That's correct. Allen: So that's one of the ways of managing money. What exactly is an RIA? Paul: It's basically a firm that is licensed by the FINRA basically, and you are licensed to where you can manage other people's money. Allen: And all RIAs, are fiduciaries, right? Paul: That's correct. Yeah.  Allen: Right. Because a lot of people don't know the difference between a fiduciary and a non fiduciary. And so a fiduciary, if you don't know you are legally bound to do what's in the best interest of the client. A lot of these other companies that people think about when they're talking about money management, or Wealth Advisors, retirement advisors, all these words that they use, they have no license, or maybe they do have a license, but they're not a fiduciary. So they're not required to do what's best for the client. And so they can sell you a product that they get the highest commission on, even if it's not really a good thing, a good fit for you. So that's why..  Paul: Yeah one of the ways I deal with that fiduciary criteria is basically whatever I do for other people, I do for myself. Allen: Okay. Okay, interesting. So, what does it take to open an RIA? Paul: Well, if you want to legal structure and need, like, I have an LLC got a creative for that. And I have had to pass a serious 65 test, which you'd like an SEC test, and get to come up some kind of agreement you have with your clients that's approved by FINRA to sign them on as clients. Those are the basics you have to do. Allen: Okay, and like how long did it take you to go through all that? Remember? Paul: I'm gonna say, basically of six to nine months. Allen: Okay, and how long have you been? How long have you been an RIA? Paul: Since 2014, so roughly eight years. Allen: Awesome. Yep. Cool. And for those of you, you know, I'm going to repeat it later on, but Paul's business website is Businessadvisors.Pro. So if you ever or if you need a good adviser, you know, please reach out to Paul. And I'll repeat at the end, and we'll put it in the show notes. I just wanted to get that out there. Paul: And that's mainly my CPA website, just so you know. Allen: Very cool. BusinessAdvisors.Pro, there you go.  Paul: And then sort has been done about creating my Wealth Advisors website, because you're so under scrutiny when you were you advertise things, so I just sort of steered away from that a little bit. Allen: Interesting. Okay. So I guess there's certain things you can say and certain things you cannot say. Paul: Basically, anything you put out there to the public, you have to like, monitor it for five years, and they can question you about it anytime. So I just figured one way to get around that is just not to do it. Allen: Okay. So then that leads me to my next question, like, how do you find clients if you're not advertising? Paul: Well, you know, I have CPA clients, probably like half the clients, I have my Wealth Advisors from CPA side. Other thing is like, from friends, and referrals from other people who use me. Allen: Okay. So it takes time to build all that up?  Paul: Yes, yes. And I'm currently working on more. More advertising. Allen: Okay. All right. So the advertising is possible. It's not it's not like it's restricted. But you have to be careful of what you do and how you do it. Paul: Yes, yes, yeah. Allen: Now, what are your clients looking for? Because, you know, if somebody comes to you and says, Hey, you know, I'm looking to make more money, obviously, but they have so many, so many choices. They can do it themselves, it could go to like, like Fidelity and have them do it. They could go to they're really rich, they can have their own private like, you know, Bank of America, has their own private wealth, people. So when they come to you, what do they tell you? Like? What are they looking for in terms of an advisor? Paul: Well, I mean, I had someone recently come to me, and, you know, we're signing them up, or things that I'd say we, if we look, if we're here a year later, what do you want to what your criteria are saying, I did a good job. And he wanted a 10% return, which has been difficult in this market. But that's, that's one thing. Another thing? I you know, most advisors out there, these basically are, they're buying hold people, I mean, and they bid six things in a bucket, and don't look at it too often. So I, I basically say that I'm actively working in their account, and I'm not sure I'm going to just put it there and not be looking at it. Allen: So obviously, you probably tell them about your options experience and the different types of strategies you use. Paul: Yeah, a lot of times just the casual person warnings on the manager money that, that if I tried to tell them all that it would go way over their head. Because, you know, it took me like two years talking about options to actually start doing it myself, you know, so I'm trying to be a little bit of conscientious about what they can and cannot handle information wise. I'll be glad to talk about it, they want to, but I'm not gonna write too much about it. Allen: And I bet that would that would set you apart, right? You know, it's like, hey, you know, we can do plain vanilla stuff. Or we can do if you're a little bit more aggressive than we can do this, and this and this. And then if it goes over there, that's fine. But as long as they're like, whoa, this guy knows. Paul: Yeah, definitely. That's certainly part because like, my CPA, well, I deal with investment advisors. And like, no one, no one that I know of is actually managing costs. I mean, like, you know, every week or things like that, Allen: yeah, yeah, they just don't I mean, part of it is they have, depending on where they are some of these guys that I know, they have broker dealers, and the broker basically tells them what they can do and what they can't do. And trading is like, No, you're not doing it. They just they can't, they're not allowed. And so, you know, we get we get clients that are financial advisors, they come in, they're like, oh, yeah, I'm a financial advisor, like, oh, they shouldn't, you know, all this stuff. And they're like, oh, I don't do any of this for my son. I don't know, they don't even teach us this stuff. In financial advisors. Cool. So it's like, once I call again, I'm like, Oh, my God. Paul: Yeah, most of them are just like, call themselves people. And it is this, they don't necessarily know that much about investing. It's more about they have relationships with people, and they train their people to be accustomed to five to 7% returns. So so don't want you to do that as that's, you know, not a hallmark. Allen: Yeah, yeah. Like, you know, when I go to if I go to a dinner party, or whatever, and, you know, always comes up. So what do you do? It's like, well, I teach people how to do this. And the first they're like, really, is that, you know, what do you what do you mean? And then we tell them a little bit about it, and they go, Yeah, you know, we try to aim, you know, for 5% a month, and they're like, what a month. Really? Oh, wow, I gotta learn about that. And then, you know, you explain a little bit and then they're, like, bored and then they go talk to somebody else. Because, you know, it's cool. They want, they want it. They just want to do the work. So that's cool. Now as an advisor, how do you How do you charge? Like, what do you charge? How do you do it? Paul: So I have what's called a serious 65 license. So I'm able to charge a percentage of what assets are under management. Okay, so the basic generic, charged with as generally 1% of assets under management. Okay, that if I'm doing more as a some different strategies, things like that, I'm probably going to up the field more because it's, it is active trading. Allen: It takes more time. Yeah, yeah. Because I remember way back when I had a guy at America ice, and he was my advisor. And yeah, he would charge a minimum of 1% on assets every year. Every time you put money, you gave him money, they would take 5% off the top. And then every every mutual fund and every index fund or whatever that they put you in. And most of them were, you know, Ameriprise products. Each of those things would have a separate fee every year. So I mean, I got dealing left and right. I didn't know what I was doing. At the time, I was thinking I am going to you know, I'm smart. I got an advisor. But yeah, he was the one getting rich. And so.. Paul: They made that money, whether they go down or go up it. Allen: Yeah, I mean, they take the money right up front, 5% off the top. As soon as you make a deposit, it's like, man, you haven't done anything. Even if I turn around and ask for the money back, I just love fibers. Do you have like a lot of Is There a lot of overhead for being a advisor? You need a large staff? Paul: Right now, it's just me. And so I'm already have all my setup for my CPA business. So there's not really that much more to do.  Allen: And you can run it from the same location. Yes, yes. Okay. So then who does the like the backend stuff, you know, statements, and compliance audits, all that stuff. Paul: So we use Interactive Brokers as the broker dealer. So they basically, so all my clients have their own account set up with them, and it sort of goes underneath my master account. So so they take care about the then get a statement from there anytime they want to find out what their balances. And if they need to take up money, they can contact them and get the money taken out. So they saw him. So we're doing a lot of the back office stuff. Allen: Awesome. So you really don't have to do anything. And they they opened the account themselves, the client opens the account themselves, they deposit the money themselves, they can take it out whenever they want, they can go and log in, see all the trades, see whatever is there. So you really don't have a lot of customer service issues. And so you don't have to send send out statements, because Interactive Brokers will do that. Right. Paul: And one of my strategies is if someone is, I call it high maintenance, then I probably can't handle that, you know, they probably need to find someone else because, you know, I got enough things to do is it is. Allen: Awesome, cool. And then. So you don't handle any of the money either. Because they just go straight to interactive. So you're like a hands off, okay, I'll do the trades, but I'm not touching your money. So you don't have to worry about me taking your money and running away and flying to Bermuda or something.  Paul: Yeah, just like the Bernie Madoff deal where he was. He they call it having custody of the funds, and he had custody. And so they, they talked about that when you're going through your testing and things like that, about having custody and not having custody and things like that. So yeah, it's a big red flag. Allen: Yeah. Because I mean, like, I've been looking into starting my own hedge fund, you know, using the the passive trading strategies and such. And I looked at RIA first and then I looked at, you know, hedge fund as another way, and I think from what I've been able to find so far is that if you start a hedge fund, and you don't charge any management fees, you don't need the license, you can set it up in a way where you know, you get you only take a percentage of the profit. So if there's a gain, you can get a percent, but you don't get that yearly management fee. If you want the yearly management fee, then you do have to separate a separate Ria, to do the management of the fund. Okay, I didn't know that. Yeah, so I thought that was pretty cool. So we've been looking at that as well, different things. So now, what percentage of your management is active? versus, you know, index funds, mutual funds, etc? Paul: I'd say about half. Allen: Okay, and all of the clients are okay with that, or do you do client by client? Paul: I pretty much put everybody under the same model. Yeah. So Allen: And so with interactive, how does that work, you have to go into each account to put a trade on or you just put one trade on and it just trickles.. Paul: There's a master account and I can set up different  classification. So I could I could buy 1000 shares of IBM and have it spread it putting all the accounts did that.  So they have to watch out for is some of the accounts can trade certain things, some can't, like RIAs cannot do you know, futures and naked options and things like that as far as, at least on the credit side. Allen: Okay. All right. So can does that get confusing? If you want if you want like, Okay, I want like a say IBM, I want my IBM stock to be 5% of all of my everybody's portfolio. Paul: Yeah, that would be a different the different equation. So basically, like I did a trade today where I figured, you know, want to take a $10,000 risk. So divided by what that option was going for. And I bought that many contracts to take on that kind of risk. So not necessarily rebalancing everyone is usually trade by trade. So putting on a certain set of circumstances, set a step stop loss and things like that. Allen: Okay, cool. So you can do it as easy or as simple as you want. Or you can make it as complicated as you want. Yeah, up to you. Yeah. Nice. So what types of what types of trades do you do? Paul: Well, some of what you teach. So I do some swing trading. And of course, you know, credit spreads and things like that. And some, you know, some some of the dividend paying stocks and covered calls and things like that. Allen: And do you do any any oil futures options? Paul: Well, I'm not. I'm just at the point to get licensed for that. Allen: It's a separate license? Paul: That's as a separate license. Yes. So you have to you have to get licensed through the, Chicago Board of Trade, the NFA and National Futures Association. Allen: Okay. Okay. And then will you be able to do it the same as everything else through Interactive Brokers? Paul: Yes, I think so. Sometimes you don't know to actually do it. So I think it's pretty similar. Allen: Sweet. Okay. Now, as a as an RIA, do you also advise your clients on other alternative investments, you know, real estate, crypto anything else? Or is it just stocks, bonds, options? Paul: I'm always getting to ask questions, you know, because I'm in, you know, really, I'm gonna CPA world or the IRA world, I'm getting asked questions. So I will advise on that if I think I have a good opinion. You know, I'm not roll up on that rolled up on crypto Allen: Right, right. Are you still bound by the same fiduciary type rules on that or?  Paul: You could come under some scrutiny. You know, you'd like an offsetting handed comment, and then someone does something crazy. And so you got to be a little careful. Allen: Yeah. All right. And okay, so him now with the interactive account, or the broker dealer, is the software any different? Like, versus if you open a regular account by yourself? Is there anything you have to learn a new platform? Or is it basically the same thing?  Paul: It's pretty much the same platform, you just have to understand how to do the trading, like I was telling you about, like, allocating between all the accounts, but the platform itself is basically the same. Okay. Cool. Yeah. Allen: What do you see as the future of money management, because like, you know, they got these robo advisors now, and they got like Robin Hood, trying to get everybody to trade on their own. And so what do you see down the pike? You know, do you see like, your clients are like, yeah, rather just have you do it? Or are robots or whatever? Paul: Yeah, I can see, you know, some of the robot picking up. But on average, most people out there don't know, hardly anything about the investing world. My average client, so I think it's going to be still a good field you know, way up currently doing it. Allen: Okay, and who is like your average client? Paul: They're probably like 50 years old, that did 60. And probably, you know, got assets anywhere from, you know, 50 to 50,000 to over a million dollars, you know? Allen: And do you have any limits on who can invest with you? And how much? Paul: No, I mean, like, I'm not, I'm just gonna take on any account right now. It would need to be over a certain dollar amount for me to I just always have to keep that in mind about, you know, do I want to take on a five or $10,000 account? Because it's gonna be extra work. Taking that versus the capital issue at-- You don't have to be you don't have to comply with the day trading rules. You know, because because if you if you accidentally in and out three, three trades in a week, then your account gets shut down. You know, so you have to deal with that. So yeah, so I'm trying to gradually move up from like a minimum of 25,000 to 50,000, 200,000. Allen: Okay. And then you also have a certain criteria like a certain person that you want right? Certain somebody they can handle the options and that Intertek can handle that because I mean, it does swing a little bit. So if they have a 5,000 to $10,000 account, they freak out if they lose $1,000, obviously, that's not the right person for you anyway. Paul: Right. But on that same note, I had a client the other day that, you know, they have, you know, an excess a half million dollars with me. And they want to know how they could put in more money since this market was down so they could capture, capture that now mark? I love that kind of client. expecting them to call you and tell you, why is my account down? Actually, that question is dead. They're saying, How can we put more money in?  Allen: Yeah, that's a smart, that's a Smart Client. So that's, that's got to be your email, you know, going out, like, Hey, he's trying to give me more now. double down on your investments. Okay. Now, How has being a money manager improved your own trading? Or hasn't? Paul: Well, I mean, it's made me to seek out new avenues of investing. You know, because I'm looking out for my clients. By the same token, when I do that, I find things that I can use to, you know, like, I don't know, if I would have found the old future options without that, you know, seeking out new new investment strategies, you know, so I could do a better job for my clients. Allen: Okay. Now, we've had a lot of volatility lately. And you've, you've alluded to it already. When stocks down about 20% or so right now, how do you deal with the investor concerns or expectations? Paul: I'm continually learning that. The more, the more proactive you can be with that, I find that it's better. Like, if you have a bad day or a bad trade that, you know, that affects it so much, and then maybe call and talk to them about it versus waiting for them to call you later, and they get their quarterly statements. And they call you know? Allen: Right. So do you find that a large portion of your job is just talking to people and just calming them down? Or explaining certain things to them? Or educating them? Paul: In the beginning? Yes. If someone's with you for a while, and they haven't gotten, understood your ways, and why you do what you do. And it would be generally in the first year of a client relationship, you indeed do that more, but there is sort of they get to know you, you you get to know them and sort of like a training curve there. Allen: And now, most of your clients, are they either they know you or they were referred to you. Right. So there's always there's already that trust built in from the beginning. Most of them yes, yeah. So if you, you know, advertising, somebody comes in cold, they're like, oh, yeah, I like what you're doing here. You know, here's $100,000, there's gonna be a lot more back. Paul: Yeah. Allen: Okay. So how are you handling? How are you handling the volatility? Like when somebody calls up and says, Oh, my count is down. How do you? What do you do there? Paul: Well, number one, what I did when I saw when I saw the market starting to tank, I basically, was going more into cash. So like, I the client won't know why we aren't investing. I said, Well, I'm waiting for the market to give me indication has, it's found the bottom or, you know, it is headed back up. So I don't want to, I'm not a bottom picker. But I don't want to like, write it further down. You know. So that's one way of dealing with it. And they seem to appreciate that quite a bit and understand that. So I don't think that's something you get out of a typical advisor. Allen: So yeah, but what if somebody calls you and says, Oh, my God, you know, I'm down 10%? What am I going to do? I can't handle this. How do you handle that? Have you ever had that happen? Paul: Yeah. I tried to change up their strategies a little bit to get them a little more solid, or maybe not trade as much in their account. Just being a little more cautious. Allen: Okay, so Okay, so you can actually choose, like, let's say, we talked about that IBM thing. So if you're like, Hey, I'm buying IBM, you could choose and say, okay, don't put it in this account in this account, just because in all these other ones,. Yeah. All right. So you can actually tailor it because like, if somebody goes, Yeah, I just want to be long stocks, or I just want tech stocks. And I just want you know, credit spreads. So they you can, you can do that. Yeah, okay. Yep. So, do you have any shortcuts that you can share? You know, for somebody that's thinking, hey, you know, this sounds like cool, I'm gonna I'm gonna get into this. RIA business, anything that you probably didn't know, ahead of time that you would have liked to have known? Paul: This is sort of like a unknown territory. Because, I mean, when I was doing it, I couldn't get anybody to actually figure it out what like a serious 65 license would do. And I was sort of going into blindly a little bit. So I mean, I think the number one thing is maybe you know, then contact me. Shortcuts is, you know, I don't know like I had to find a place to take the take the course for that. And then I hired a guy to tutor me some. And, you know, there's, there's these firms out there wanting you to sign up with them for them to do oh, you know, like your paperwork and so forth. And I just sort of like fumbled my way through it and plagiarized another agreement online affected us. And so another thing is to know if you're in this world, you will get audited. Personally. Well, the your investment firm, right, yeah. Yeah. Like I'm in the CPA world, and I probably will never get out a different CPA world. But the investment side, I will get audited probably time and time again. So far, it's only been once one step Florida, but yeah, Allen: okay. Yeah. I mean, that's a good thing. I guess, you know, that, that the advisors and like you said, you know, the Bernie Madoff, he keeps him at bay as much as he can a little bit. So some of that, I guess, from a consumer standpoint, and that's a good thing to hear. Paul: Yeah, but a lot of a lot of us, they don't necessarily understand the world as much as you do. And it's more like them checking a box somewhere in a city. They ask this question, or I did that, but they don't really find that don't really necessarily know exactly what they're doing, you know, Allen: Yeah. So but do you mean tax audited or audited by like the audit by Paul: the state by the financial regulatory people for the state you're in Allen: The state regulatory? Okay, so every state has their own regulatory stuff that you have so far. Paul: Yeah. So just just sort of background here. Usually, as you're managing under $100 million, you're managed by the state. But then once you hit $100 million in the SEC is basically is going to your watchdog, it's gonna look over your shoulder. Allen: Okay. All right. Cool. And you're in Florida, right? Correct. But you can take clients from anywhere? Paul: I can. But different states have different rules, most of them allow you to take five to 15 clients, and not really be registered with them. But then once you hit over that threshold, they want you to fully registered with them. But there are a few states that require you if you get one client, they want you to be registered. And Louisiana was one of those states. Allen: So I guess, depending on how much capital the guy is gonna give you whether it's worth it to register there.. Paul: Exactly, exactly, yeah. Okay. All right. Allen: So would you knowing what you know, now, are you happy that you went this route? Paul: Ask me again, in a few years. Allen: Well, you've been doing already for like, eight years. So kind of got some kind of track record here. Paul: Yeah, it's been, you know, it's been definitely a learning curve, you know, from the regulatory side. And then from the investment side, too, so? Yes, I'm glad I did it. But it' had its rough moments. Allen: Well, give me an example. Paul: Well if you if you lose on a trade, you know, it can affect your account and other people's account. So that's probably the biggest things that has happened to me, you know? And then you got to figure out how am I gonna tell this person this?  Allen: Yeah. So how did you how did you deal with that? Paul: I prayed a lot. Basically, if I knew the fact that someone so much, I would, I call them and talk to him about it. But in a certain situation, like, because it was spread over so many accounts, it didn't really affect anyone that much. It wasn't that big of a deal. Like, you know, if I'm managing $5 million of money, and I lose 20,000, you know, the most Someone's probably gonna lose is maybe 2 or 3000. So the overall number is a big number. But you know, we spread between all the counts, it's not that big of a number. Allen: Interesting. Okay. Yeah, I mean, that's that thing, right? There is like, the biggest thing that's kept me out of it for all these years, you know, people have been asking me from the beginning, okay, can you take my money? I'm like, nope, nope, because I don't know how I'm gonna handle the stress. I don't know if, um, we will sleep, I can lose my own money, you know, market down 20% Okay, whatever, it'll go back up, I got time, you know, but somebody else if I lose your money, and I don't know, I don't know how I'm gonna handle it. And so that's the one thing that that's really caused me to be hesitant up till now. And I agree what you said about not having that much information out there. You know, I mean, there are companies out there that will like if you want to be in RIA you type in how to be an RIA and there's a company that hey, you if you give us like 30 grand, you know, we'll do all the paperwork and we'll file everything for you. So you Okay, but what do I actually get? You know, they're like well you do the paperwork. Well what about after that? How do I get clients how do I do this how to do that they will help you at all and these two guys they had approached, they had talked that a because I'm you know Option Genius is in what's called the financial publishing space that world, so we have our own little conventions and all the Guru's come and hang out and talk marketing and stuff. And so there was there was these two guys who were speakers, and they were telling all of the financial publishers that hey, you guys need to get into the into the management business, because you guys already have all these clients? They already trust you? You know, and they probably have a lot of money because people coming to me, you know, they say, Hey, I want to learn how to trade options. Okay, cool, you know, and how large is your account? They're like, Oh, 50,000. Okay, cool. And they trading options with 50,000. But they also have like, maybe a million dollar IRA, that they're not touching, or their wife has $500,000 that is with some other financial advisor that she doesn't want her husband to touch with options. So it's like, yeah, everybody that comes in has a lot more money. So if you started an IRA or an advisor, then you know, they'll give you that money as well. And you can make all this money. And I was like, Okay, that's interesting. But, you know, what are the legalities and all that and they wanted, I don't know, obtain $1,000 plus a percentage of the company to actually teach me all this stuff. And I'm finding a there's a lot of secrecy, as you can say, you know, and Wall Street, I think puts it like that on purpose. Because they don't want everybody to know what they're doing and what they that they don't know what they're doing. Pretty much. So cool. Paul: I don't know, that's intentional, but it just got I think there's so few people who are looking to do it. And like, it's not a widespread throughout the population thing. So you don't find as much about it, you know. Allen: Maybe okay, yeah, I'll take that. Yeah. Because like, you know, even like, what is the difference between an RIA and a hedge fund? You know, I've been beating my head, like, which one? Which way? Do we go? Which way? Do we go? If we go this way? Or this? Or what are the pros? What are the cons, and there's like, no one person that can that can tell me, if you want to go to a hedge fund, they got a little hedge fund world, and, you know, you got to you got to pay the dues to get in. If you want the RA world, then it's more common, but it's, it's for the guys, you know, for people who are like, Yeah, you know, I just want to put everybody's money in an index fund, you know, so it's like, what you're doing is totally different, like, I have not met any advisors that are actually, you know, trading that actively for people. So I mean, compared to the other guy, Joe Schmo that charges 1% a year, or 2% a year, just to put their money in an index fund compared to what you're doing, you know, your value is just so much more. But it does seem like it's very similar to a hedge fund where, you know, a hedge fund is a little bit different, where all the money is pooled into one spot. And then, you know, the, the trader controls it, you're doing kind of similar, where you can look at it and be like, Okay, I got, you know, $10 million under management, how am I going to split that up into different trades? And it just happens to be in different people's accounts? So have you ever thought about increasing your rates because like a hedge fund, they can charge a percentage of the gains? An RIA can't? Can they do that? Paul: They can do that on their certains particulars criteria? I think like you have to have an investor who's has at least $2 million in investable assets. They have at least $1 million invested with you. And then you can have certain arrangements where you say, Well, if I make whatever percentage I'll make about what the s&p does, you'll split it with me, or something like that, you know? Okay, so again, it's very, it's has a lot of criteria to it can't be done, though. Okay. Yeah. Because I wouldn't say the hedge fund world is based on what you're telling me is, cuz you're basically commingling all the funds. Right? So you got to do like a statement for each person or something. Yeah. And so I think the advantage is, you can just commingle it all and then do whatever you need to do. And then at the end of the day, you somehow allocated? Allen: Right, so the thing with the hedge fund is that all the investors have to be accredited. Okay, so accredited, as you know, probably, you know, you basically you have a million dollar net worth not putting your house, or you're making upwards of 300,000 a year. So, you know, basically, so at least Paul: They have to tell you, they're accredited. Right? Allen: I think we would actually want them to be proof, you know, give me proof otherwise, we're not letting you in. Paul: That was actually in so my testing I just did is like, yeah, you want this criteria? But are you actually gonna go go check it? No. So Allen: Interesting. Okay. Because I mean, you know, the government says that the hedge funds, you know, if you're an accredited investor, you should be smarter than the average bear. And so, if you lose money, it's not that big a deal. Like you are smart enough to get into it. You know, somebody with $5,000 or $10,000. That's my life savings. No, sorry, you can't invest in this. Even though the hedge fund might be like doing 1,000,000% a year, you can't invest because you're not accredited. Ras can take basically everybody, so that was one of the things okay, somebody comes in with 50,000 as an RIA, you might just take it because it's not that much paperwork. It's not extra for you. But for a hedge fund. Yeah, no, I can't do it. Because I gotta, I gotta pay the auditing company. I gotta pay the statement company. I got to pay the customer. You know, whoever's doing customer service and answering the phone and doing all that, and salespeople and all that. So 50,000 is not going to cut it, you know, the limit is a lot higher. For sure. Okay. Yeah. So yeah, that, in that sense, totally different world. But very similar from what I'm seeing is that, you know, you're doing probably what we're gonna be doing, you know, similar. Paul: So you probably can't take qualified money like IRAs and things like that. Allen: I think they can. Yeah, yeah, I think they can, as long as a person is accredited. And so there's different regulations, 5063 C, or six, C, five, or six D, they'll those tell you, you know, if you can take accredited and non accredited, and then can you advertise or not, I'm still learning all this, it's all different, because like, if you start a Real Estate Fund, different from if you're doing a hedge fund, versus a private equity fund, so some of the rules apply to everything. Some of the rules are just separate. So I'm still learning all that. But I know that the Interactive Brokers, people, they've done webinars in the past with attorneys. So if anybody wants to start a hedge fund, you can still use the Interactive Brokers platform. And they have they actually have a separate portal, I think, for hedge funds. Yeah, I've seen that. You've seen that too? Where you can actually see what other people are doing. And what are the trades that they're making? Paul: I didn't know about that. I just knew that they had some kind of hedge fund portion of what they're doing. I didn't know exactly what it meant. Allen: Yeah. So So what they said was that, you know, the attorney was like, you know, it'll take several, you know, maybe $30,000, to set up your hedge fund, you can probably do it with a smaller amount, if you want to start an incubator fund, which is like, you know, if you have your own money, and you put in and say $300,000, and you trade it as if it's a fund, and you don't maybe that that paperwork might be like 7000, and you set that up, you treat it as a fun, you build up your track record, and be like, Oh, hey, look, you know, I was trading for six months, I got this, that or not, and then you can start advertising it, and you convert it to a full fund. And then you can say, well, look at my track record, this is what I did. And then people can come in for the full fund. So that was one of the things that they were they were talking about. But so yeah, we were we were looking at an interactive, but the one thing that interacted with their software is a little bit more clunky or less user friendly than some of the most user friendly software. Yeah, it was my personal accounts. Now. So when, do you still trade on on your own on the side? Or is all of your money in the big? Paul: I have some money still in the in the huge fund? And then, you know, I have some I have an account on the side, right? Allen: So that separate account, did that change it all after you got licensed? Because they always, you know, when you open an account, they always ask you, are you licensed? And then they're I don't know why they do that. Is there to change anything on? You're not gonna recall? Paul: Yeah. So, there's, there's occasions where you can link up an account with the master fund, and you can D link the account. So I think at one time I had, it's actually my 401k account for my accounting firm attached to the IRA account, but then I detached it. One of the main reasons was for futures. Okay, because I knew I wasn't qualified to do futures for the whole fun. But I could on a mountain account. Allen: Ah, okay. So you have to keep it separate to do the futures options. Yeah. Until you get licensed by them. And is that like a lengthy process as well? The futures options? License? Yeah. Paul: I took a series three exam back a month or so ago. So I'd studied for two or three months, and again, got a tutor. Yeah. Okay. Allen: All right. How many clients do you have right now? Paul: I'd say about 20-25. Allen: Okay. All right. Cool. And so, from a financial standpoint, has it been worth it? Paul: Yeah, it's been really good. I might, my intention when I know that, you know, once I got into it, my intention was over the years, you know, retirement age, is at my incomes shift for my CPA business or to my investment business. So I could do that, say two hours a day and retirement versus, you know, doing tax seasons and all that. CPA visits. Allen: Okay. Is that still the plan? Yes. Still plan. Awesome. Cool. So yeah, I mean, handling managing millions of dollars of assets in two hours a day. That sounds pretty good to me. Paul: That might be a pipe dream. But that's what I had in mind.  Allen: I think you could do it your own way. You're on your way. Cool. Awesome. So is there anything that I haven't asked you that you think like, oh, yeah, people need to know this. Paul: I could probably sit here and think about a few things. Not on every call. No, no, no, no. I mean, one thing you have to like for instance, a you have to have a like an email account that you Gotta add to retain all your emails for at least like five years. That's one thing to keep in mind. And like I have to send a like a balance sheet and income statement to the state of Florida every year and get someone to notarize it. You have to upload information to the FINRA site at least once a year. And that's where you pay your like on license Louisiana along Florida and things like that. So I pay my fees for those licensing booth vendors website. Allen: And that you had told me that the fee that you charge for management that comes out Interactive Brokers basically pays you every quarter, your fixed asset if I had to build it, right, yeah. Paul: Okay. So, so they do it automatically. But when I got audited, the state wanted me to actually create invoices. So the answer your question is, I'm not sure what the real requirement is. So far, I guess I met that criteria then. So I'm not actually grading him. What's the reporter right now? Okay. Allen: Yeah, I mean, because like, I mentioned, those two consultants that I had talked to, they had told me that I would have to bill everybody invoice, everybody, every quarter. And those people would have to pay me directly. So it wouldn't be taken out of their account, it would be sent directly to me that they would have to write a check every quarter. And I'm like, that's a pain in the butt. You know, that's pretty cumbersome. Yeah, if a customer has to pay, you know, a big check every quarter for management fees. And then especially if you have a down year, he's like, What am I paying for it? I don't pay for this anymore. And you don't get paid. So I was like, Okay, that's a big red flag. But I'm glad that that's not true. Cool. Okay. Paul: One thing I have figured out there is, like, there's an account I was going to take from someone from one advisors to me, and they had all their fees, like totally hidden with all these mutual funds and things like that. And so like, you know, that account, I was gonna charge 3.3%. But we weren't able to ever get to the bottom of what the other advisor was charging. So, even though they have a lot of disclosures and things like that, I think we could have pressed the issue if we really wanted to. But, um, but you know, I ended up losing that account. Allen: So did that customer realize that, that he's being charged all these things? Paul: No, no, no clue. No, I mean, whenever I sort of parted ways, and I said, you guys at least need to figure out what they're charging you. You'd be surprised at the amount of inept that's out there and people who are actually hiring advisors, like, yeah, most people do not keep like their annual statements. They couldn't tell me how much they made last year. You know, because really, when I'm taking on an account, I want to know, what their track record has been sort of what I would need to beat to make them happy. You know, a lot of them are not that attuned to that. Allen: That's crazy. Yeah. I mean, people, they work their entire lives to save up money and invest it so they can retire. But then they don't pay any attention to the money. Oh, boy.. Paul: I think it's because they don't know that much about it. So they wouldn't know what to do if it was not what they wanted, you know? Allen: Yeah. I mean, you gotta you gotta take a little bit of time to at least read the statements and figure out where's the money going? And it could be better disclosed, you know, the statements could be easier to read that that's definitely sure. That's, yeah. But it is what it is for now. Paul: Like, I have this account right now, I'm probably going pick up another six to nine or 1000. And I asked them to get their annual statements ready. Because I wanted to see what they have been. have been doing, you know, so, you know, so they didn't know if there'll be they'll find those. So let me guess. It's like, it's weird. Allen: Okay, they just like asked her her advisor. Paul: Oh, that might be red flag fight flight to them. And they are looking so yeah. Wow. Okay. All right. seem bizarre. Allen: So if somebody was thinking about starting their own advisory firm, what would you say? They would need in terms of like, what are the minimums, okay, you should have been in the market for, you know, five years, you know, or you got to know XYZ, is there anything that you would say that, you know, if you don't, if you can't even do this, and this is not for you? Paul: Well, they're planning on doing what I'm doing, they probably need at least three to five years, you know, their own market experience. But, you know, that being said, like, I just met with someone the other day, and I could put all my funds through their strategies, and just sit and coast. You know, really, they charge an extra 1% or whatever, so I'll back off of my fee a little bit. You know, so you can you can play the game different ways. Wow. So you could do like I can see a new person and starting that and just have these other you know, because they have what's called sub managers or something like that. I don't know the exact term. Basically, you're hiring other money managers to manage the money you have for your clients. Right, like sub advisors, maybe is what it's called. Okay. So I'm not saying it will totally preclude them that they didn't have three to five years. But, you know, hopefully they're drawing on someone's experience to help hold their handle that Allen: Right. And do you know how much it costs to get it up and running? Paul: I would say three to five grand. Wow, that's not much. I mean, the hardware, these firms are brought in to charge you five times that? Allen: Yeah. Okay. So well, the sub accounts. Yeah, actually, I do remember those consultants talking to me about that. Paul: They they call it sub advisors? Allen: Yeah, I think that's what it is. And it's like, yeah, you know, if you don't want to do it yourself, you can put your money, you can put your your clients money into different buckets, and then they just do it for you, and they charge and then you split the fees or whatever, or something like that. So, and then each broker, each broker dealer has different ones. So like Fidelity or Schwab will have different sub accounts versus what you could put your stuff in. But interesting, I just Just curious the ones that you had talked to what what strategies were they were using, Paul: They're using free cash flow to is their criteria for who they're investing in. So they have like international, they call a cash cow c-o-w. So they've international domestic, and things like that. So they have a different definition of free cash flow. So they're they're fearing that's the best value, their way of determining value out there, like sort of like a value fund, but their own definition of what value is. Allen: Okay, so they're investing in stocks. Paul: Yes, international and domestic.   Allen: And they handle the ins and outs. And so you could put a portion of your client's money in there, you put it all in there. So it's like, it's like an ETF. So basically, you can say I want 20% of my money to go on this domestic one 20% International. And I might, I'm in talks with them. So I might end up doing some more money that way. But so they're coming up with different sample portfolios that I can use their funds for. Allen: Okay, interesting. And so that must be a much larger company. Paul: Yeah, I'm not sure how big they are. But they're, you know, big enough to where they had like a representative here in central Florida and some of their back office helping them out. Awesome. I'm not sure their size yet. Allen: Yeah. So I mean, this rabbit hole is pretty big. You can dive in there and spend a lot of time figuring all this stuff out. Paul: Yeah, yeah. So I can see a way I could sit and close more. But you're only doing it two hours a day anyway. Allen: Cool. All right. Paul: Well, maybe we're gonna get into my retirement years, a certain amount of years. I'll just put it there and just coast. The zero hours a day. Yep. Allen: Yeah, my, my neighbor in the office next door, he's a financial adviser. He's been doing it for, I think, 25 years now. So he's built up, you know, a sizable clientele. And so now he's at the point where he wants to retire. But he doesn't know what to do with the firm. He's like, you know, he makes probably a good 500,000 a year income from it. And he's like, I want one of my kids to take over. But the kids are not really willing, and not interested. He's like, I don't know what to do. So he's still there.  So there's been periods of times or, you know, like, I sit on the CPA world deal with other investment advisors, where it's been a quite a lucrative market to get bought your practice bought out by bigger, let's say Merrill Lynch or something like that, you know, they pay some pretty big bucks to buy those books of business. Yeah, yeah. Because I mean, one of the things that the consultants told me is that once you get you get a client, that turnover, meaning the fact that they're going to leave you is not very high, they're gonna stay with you for years and years. So you can count on that money coming in, you know, that fee money coming in for a long period of time, unless you unless you totally screw it up, and then they're gonna leave. Paul: If you play the play smart. You know, if you're dealing with someone 50 years old, right now, you know, another 10 or 20 years, you're gonna pick up their kids and things like that when they need investment advice and stuff. It's, it'd be a self perpetuating thing. Allen: Yeah, yeah. And I do like the fact that there's always going to be somebody there willing to buy you, your company. You know, because a lot of times in smaller companies if you're the only person or if you got one or two employees, nobody really wants to buy the company even if it's successful. Nobody wants to buy it because they would without you there they're basically buying a job for themselves, right? It's not running on its own you're the one doing all the work in this case. Yeah, you're the one doing all the work but they don't need you. They can just, you know, have their own advisors take over. So you still get a pretty decent multiple when you sell so that's really cool too. Right? Paul: Also, I met a.. in my travels on this world. I've met the company and actually finance you if you want to buy on someone else's practice in the financial visor word world. Allen: Hmm.. So have you looked into that? Paul: I had a conversation or two with them, but I haven't really pursued it further. Yeah. Because I didn't know if I wanted to buy a larger practice. Right? Yeah. Because generally, that is a seven year payout to do that. So, you know, seven years, you'd be free and clear. Allen: That'll be interesting. Yeah. So a lot of ways to skin this cat. So you would I mean, I'm assuming that if anybody asked you, Hey, should I do this? Probably the answer is yes. Paul: Yeah, I mean, just mean, talk to people who have done it, and sort of figure out if it's a good fit for you, you know? Yeah. It's definitely can be pretty lucrative. Allen: Right? And I like the fact that it's like, for you at least it's more localized, you know, so you're not competing with somebody in California or Canada, or whatever. It's like, yeah, you guys get your clients over there. I'll have my clients over here. You know, they love me, they trust me. We hang out maybe. And sometimes. So it's not like a competitive situation. So, right. Awesome. Are you in any? Are there any, like, associations or memberships for advisors?  Paul: No, I'm not. Allen: No, but obviously, they probably have them? Paul: Yeah, I'm just not familiar. Very familiar with that. I have another advisor to hang out with suddenly sort of share some ideas. That's, that's all I have right now. Allen: And they're also private. Like on their own? Paul: Now, one of the reasons I didn't cover this in the beginning, like when I started looking into this whole thing, I didn't want to get clients and then share my fees with other people. That's why I didn't latch on to a bigger firm and start building my clients from there. So that's why I started my own Ra. So they will be my clients. And I get all the fees for them. And no one else had had rights to him. So that's, that's one of the reasons I did the way I did it. Allen: Okay. Okay. So what would be the benefits of going with a larger firm just to name recognition? Paul: Well, they have, one of the biggest things is called compliance. So like, right now, I'm my own compliance officer for my firm, okay, and larger firm like that they have whole departments that take care of compliance, for you to make sure you don't get in trouble, the regulators and so forth. So, like this other advisor, I had, he joined another firm, just so you could have that compliance piece to it. But in his firm, he can't trade options. Right? Allen: Because they're very limited. Yeah, exactly.  Paul: It's taught me to join his is up, like can't trade options. Allen: Because compliance says no. Paul: It was on the client's officer. Allen: Right. So that's why when you said you were thinking about advertising, it's the risk is on you because you're the compliance officer. So you got to know exactly what can be done and what can't be done. Right. Right. Interesting, cool. Is there anything else because  I'm out of questions. Paul: One of the things, one of the things I tell you, I looked into going with other companies, other inactive brokers when I started, okay, and like Charles Schwab wanted you to have $7 million you're managing before you could go with them. Allen: Whoa, okay. And they're the biggest right right now, I think. Paul: I think so. Yeah. Yeah. So that's one reasons with Interactive Brokers, because they didn't have the minimums like that. I didn't really check too much rather than other people. Allen: So and how's your customer service at Interactive Brokers, because they for personal accounts, they don't have a good reputation. Paul: Yeah, they have a separate line, you can call as a professional advisor. So it's, I get pretty quick attention. Usually, you know, it's not it's not perfect, but you know, it's decent. Yeah, but you're happy. Yeah, I'm not saying that. I'm sure other companies have better customer service but you know, for right now, they, you know, I might need to call him a few times, but I get what I needed if I need need to.. Allen: And how are their margins and Commissions? Paul: Commission's are pretty low. I don't have the exact numbers I just know less than like $1 per 100 shares. Allen: And who comes out of the customers account? Obviously. Paul: Each person like when you do a trade display something all the counselee they pick up their own fees. Allen: Cool. All right. Well, thank you Paul. You know, Paul's website is again BusinessAdvisors.Pro. Paul said that he could reach out you know, you guys can reach out to him if you have any questions. And Paul is also in our other memberships are other programs as well past trading formula blank check and credit spread. So if you guys are members of those, you can reach out to him there. You'll find him in the group. And he's been very gracious with his time. So I do want to thank you and And he's very active in the group and you know you've been helping a lot of newer people as well they're so appreciate you there. Interesting place, interesting world and as I dive in I'm probably going to reach out to you more. Paul: Sounds great, I appreciate it.  Allen: Thank you thank you so much and we'll talk to you soon JOIN OUR FREE PRIVATE FACEBOOK GROUP: https://optiongenius.com/alliance  Like our show? Please leave us a review here - even one sentence helps. Thank you!