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Title: How to Stay Compliant While Raising Millions with Bronson Hill Summary: In this episode of the Mailbox Money Show, host Bronson Hill interviews Seth Bradley, an accomplished attorney and entrepreneur known for his efforts in passive and active investing. The discussion revolves around the significant shifts in the real estate market post-COVID-19, including rising interest rates and the challenges passive investors face with underperforming deals. Seth shares his experiences with multifamily investments and the importance of selecting the right financial structures, highlighting how his focus on fixed-rate loans has insulated his deals from the volatility that adjustable-rate loans often endure.   As they explore other investment avenues, Seth discusses their ventures into various businesses, including gyms, e-commerce, and oil and gas projects. Both entrepreneurs illustrate how innovation and technology, particularly artificial intelligence, can significantly improve investment decision-making and operational efficiency. Their combined expertise offers valuable insights into the world of multifamily syndications, risk management, and leveraging technology for investment insights. The episode concludes with Seth's perspectives on effective communication between investors and sponsors and the importance of due diligence documents in passive investing. Links to listen and subscribe: https://podcasts.apple.com/us/podcast/seth-bradley-what-can-i-do-if-a-deal-goes-bad/id1580397502?i=1000698697087 https://open.spotify.com/episode/4pogVHik6rHwh0k5yFLs1U Links to watch and subscribe: https://www.youtube.com/watch?v=2xrvBhGtS5w&t=396s Bullet Point Highlights: Diverse Entrepreneurial Background: Seth Bradley is not only an attorney but also a successful entrepreneur with experience in gyms and startups, adding depth to the authenticity of his investment strategies. Impact of Rising Interest Rates: The podcast discusses how increasing interest rates have shifted the landscape of real estate investments, influencing cash flow and project viability. Importance of Fixed-Rate Loans: Seth emphasizes the protective benefits of using fixed-rate loans in investments to buffer against economic shifts and rising rates. Shifting Investment Focus: As traditional multifamily deals become tough, both Bronson and Seth explore alternative assets, including oil and gas, debt funds, and smaller multifamily properties. Gym Ventures: Seth shares insights from operating gyms, illustrating how franchise businesses can provide a structured path to entrepreneurship with community support. Navigating Passive Investing Challenges: The episode highlights the key steps passive investors should take when deals aren't performing as expected, including reviewing existing legal agreements. Leveraging Technology and AI: The discussion underscores the growing role of AI in analyzing investments and legal documents, showcasing how technology can enhance investment efficiency and accuracy. Transcript: hey guys this is Ken mroy and you are listening to the mailbox money show with Bronson Hill hello hello and thank you for joining the mailbox money show my name is Bronson Hill I'm very excited for this episode with Seth Bradley you're gonna really like him he's done a lot of things he's like the renaissance man like he has done uh passive investing he's done active investing he owns a couple gyms he's starting another one he's got a couple startups he does he's got all kinds of things speaking   very intelligently to a lot of different topics he also has a show called The passive income attorney actually also an attorney as well and puts together syndication paperwork so he does a lot of different things and so I always love talking to people that are doing many things because first of all inspires me that I'm not doing enough and then secondly um you know they'll speak very intelligently on kind of trends that are happening so he's talks about what what we're going to talk in this interview   about what happened over the last few years he's doing less real estate looking at some other things and just what do you do if a deal does not go well what are the steps you can take as an investor so I think you're really going to enjoy this we also get into Ai and some awesome other topics so let's jump in Seth welcome to the mailbox money show Bronson what's going on buddy good to see you again hey man we're both in Southern California I know we're not that far apart but you're in like the better part especially lately with all   the fires up in La recently uh you're in San Diego man I don't know anybody that says they don't love San Diego yeah man I mean there's no better place in the United States that's for sure I mean I've seen some some beautiful places around the world and I don't know San Diego still might beat it um I get a little bit used to it because I've been here for quite some time now but San Diego is really tough to beat yeah awesome man well I'm excited to have you here today I know you're an attorney you have your podcast called   the passive income attorney podcast and you also work with tri vest which helps investors and you have a lot you to say around uh diligence around deals going bad we've seen deals uh We've we've had a couple deals that have really struggled uh I've been an investor passively in deals some deals that have struggled people don't really talk about this as much and I think it's really important to talk about um but let's let's talk about kind of what's changed the last couple years interest rates have risen um obviously if you're a   multif family investor the deals maybe aren't as juicy as they were the projections are a little lower a a little little far between as far as you know deals that actually cash flow or deals that make as much sense but uh what have you seen the last couple years and how have you kind of shifted a little bit of your business and your investing for sure I mean it's been um it's been an experience right I think a lot of the past investors out there that are listening or if you're an operator or lead sponsor out there the same thing   I mean we've we've gone through a period of time starting I think back when Co hit in 2020 that was kind of the first dip in the market that we've we've seen in this kind of generation right like the jobs act well I I should say the previous dip was in you know 2008 2009 that was one cycle but that was before the jobs Act of 2012 so the jobs Act of 2012 is where some of these private Investments started being opened up to more people and more people like ourselves were able to get involved and start raising capital and and do deals   and you've just seen that market kind of exponentially grow since 2012 um so we haven't seen a downturn until Co hit in 20120 and that one was kind of weird right because it was just kind of a blip it wasn't because of the economy it was because of something that just you know nobody's going to be able to predict um but that's the first uh crack in the armor that we saw and then after that then we saw the interest rates go up in in 2020 towards the end of 2022 and the beginning of 2023 and that's what really   started um you know giving us this experience that I'll say that we're we're still kind of going through because the interest rates are still a little bit higher than what we've we've seen over the past years and we're we're seeing more deals go go bad right or or at least you know there maybe a capital call or or two or perhaps um you know some of your distributions if you're a passive investor might be on pause and these are things that we're just not used to seeing because we're just used to seeing over the past you know 10   years up till 2022 all the deals have just gone really really well so it's a surprise to us and it shouldn't be because you know it's it's cyclic but we we'll figure it out and you know you're just seeing these things that we've all been warned about and they're now coming to fruition yeah yeah it's interesting you know I think if you between 2010 and 2020 you know 2021 even if you just owned a multif family apartment you were a genius right because things were just only going up and to the right and and   then sudden like there's that quote by Warren Buffett says you can only tell who's been swimming naked when the tide goes out kind of thing the tide interest Rising the tide goes out it's like oh my gosh this isn't work in the way we planned it um and now you in your portfolio you guys have done very well you've had some some great you haven't done as many deals more recently but um your deals have done well is that because you did kind of fix interest rate or is just the markets you chose or I'd love to hear a little more about   that that's right I mean fixed interest rates to be honest were a huge thing um that that's one thing that we really pushed for in our deals and that's and that saved us a little bit when these interest rates started to r that protected us um you know you saw that those were the deals that got in trouble those those adjustable rates got people in trouble and you know there towards the end like let say 2021 22 it was really hard to make the deals start to like continue to work and get those returns that we promised those passive   investors without taking those adjustable rate loans so you know those folks that got in in 2021 2022 maybe the beginning of 2023 those deals had adjustable rate loans and that's where they got into some trouble yeah yeah it's interesting kind of how things have changed now it's interesting too there was um a time not even that you know just a few years ago that that real estate was Cash flowing pretty well especially multif family real estate and now it's pretty tough because you know you got rates are   higher uh cost you know the price maybe have come down a little bit but you got higher Insurance you got higher other costs other inflation things you know there's not a lot of cash flow so a lot of you know syndicators or multif family investors have kind of just stepped out or maybe they got pitched on a deal here and there so we we've shifted a little bit to do we still do some multif family in in specific situations but um we' switched to go really focus on oil and gas we're doing uh other types of   businesses like I mentioned we're buying this business that's a e-commerce business High cash flow and then there's also debt funds you know debt these days there are debt funds paying like Equity was paying with less risk than it was a few years ago right so if you can get not debt funds are the same there's some that are first position that are low leverage and things like that uh what are are there anything else that you're finding for cashow or that you're finding attractive right now as an   investor yeah I mean I think you got to just look a little bit deeper I mean there's still some decent multif family deals out there too and that's always going to be to me kind of like bread and butter right like that's something that we're always going to need it's always going to be um it's always going to be something that people are interested in um because we've all lived in apartments at some point in our lives and I think it's an easy thing to grasp mentally okay like I'm going to invest in a   multif family or apartment building because I've lived in one I know what it's like I know how they work people pay rent you collect you you know expenses that sort of thing um but it's it's a lot tougher to find those deals um so people have looked at other things so I've seen a lot of um you know debt funds like you said a lot of people pivoting to um you know even smaller multif Family Properties um you know before we were looking at like 100 200 250 unit properties um now I've seen a lot of people kind of Ratchet that down   a little bit and look for some better deals in in some smaller properties maybe in the 25 to 75 unit range range that sort of thing um I've seen people like get into mobile home parks and RV parks after cuz we saw that go quite up quite a bit during CO as well and then came rocketing back down um but now you can kind of see like where where it really sits like now you can see like what the value of that asset is so you can see that the you know what those what they really are without like that big spike for covid and those are   turning out to be some pretty good Investments to get involved in too yeah and I know um you know we talked about this before we started recording um you and your wife you guys also operate a business or you guys have a a gym a couple gyms that you operate tell us about that and it's that um I know you're sounds like you're spanning so it sounds like it's going well I need to pop into a gym I'm probably get my butt kicked if I pop in there and you g through the Seth Bradley workout there right so yeah man we have a we have a   couple of gyms right now we have one open in Oceanside this is in San Diego uh San Diego County one in Oceanside one in Poway getting ready to open up a third one in anas it's under the burn boot camp franchise fly FL so it's a franchise um and I got uh really interested in franchises for that and then I ended up buying into another franchise I ended up buying into a water restoration franchise called Al dry so we've got a few businesses going um but those gyms are great right like once we battled through again I hate to keep   bringing up Co but it keeps coming up um but we battled through Co we opened up right before that hit uh actually one week before it hit so then we had to shut it down and work out outside workout inside we had to do um on online workouts those sorts of things um had our lead trainer in our apartment recording videos and me and my wife were in the background doing the exercises um pretty insane what we had to go through but they're they're doing really well now and luckily my wife has taking over that business and she runs   the whole thing so I don't do anything she doesn't even want me involved anymore so it's fantastic it it's actually turned into passive income for me for you it's passive income right for her it's right it's it's Fitness income right but that's you know really a lot of people like um lifestyle businesses you know where you're like it's just I think it's just a cool thing to say I own a gym or own a restaurant or I own this thing I mean a lot of like really wealthy people be like oh yeah I own a   Vineyard or I own a I own a horse racing thing or something like that but is it is it I mean you don't have to get into specific numbers but is it pretty it's you're opening another one so it's pretty lucrative to do it it sounds like it's working out well the it's a boutique gy that does kind of boot camp type stuff and you have certain classes you go in and those have become super popular all over the us but especially in big metros like Southern California for sure and look I don't want to say   that it's easy because it's it's definitely not you have to have the right mindset you've got to be an entrepreneur you've got to be able to fight through the hard times but you know these these types of businesses they're they're kind of done for you to a certain extent they give you the marketing plan they give you the business plan they give you kind of the proforma that you should be aiming for um especially with a franchise there's there's dozens if not hundreds of other franchisees that are doing the exact   same thing you are so you any qu any question or any problem that you're going through they have already went through it or they're going through it so you can bounce ideas off of you know kind of similar to like a mastermind right something like that where you get involved with a few people and it's like oh how can I get around people that have the same problems as me in a franchise there's that's already built in and it's even more it's even more dialed in because these are very specific like   brand specific industry specific questions and problems that you can balance those ideas and have those questions answered by your your fellow franchisees um but as far as like profitability again it's great because you can you can predict it like the idea behind it you buy one you figure it out then you buy more and then you keep going you stack and stack and stack and that's how you really make a lot of money in franchises you hear people that own dozens or you know hundreds of Papa John and things like that like you need   to be able to stack them um but they're definitely profitable um and they're fun they're it's a fun business like you said it's fun to be able to say that you own a gym it's fun to like walk into your own place if it's a gym or a restaurant or whatever it is and you're the owner it just feels good right it's a little bit more um you know rewarding I should say than some of the other businesses that that we're involved in for me it's you know a law firm and um buying real estate and it's this is just   a little bit more rewarding just like being there just the presence and having a um you know having a a brick and mortar space it's pretty cool yeah know I love that it's really interesting you guys I didn't realize you guys are are really Ser serial entrepreneurs I you guys are really both as a couple um is that like tell me a little bit about that dynamic as a couple that you and your wife do that like how is that something you've more LED is it something she's done is it kind of like you just kind of stay in your lanes and   like because a lot of times one one spouse or partner will be really risk you know averse or one would be much more risk tolerant and so has that been just like a really you guys are both kind of willing to take risk and kind of move forward in that yeah I think we we both have a really good temperament for it as far as risk tolerance and for me personally that's that's interesting because I'm an attorney so typically attorneys are not risk tolerant um but I I am I have that trait and and she does too um we have certain   trust in each other to be able to handle and stay in our lanes um she especially for the gyms you know she's operations right now I handle finance and and Prof formas and those sorts of things and obviously the legal stuff that comes up and I'm the maintenance guy too of course but um but everything else like operations she does that and then when she knows that she needs me for these certain things she'll bring me in um we've explored trying to figure out some other businesses uh that we might be   able to get involved in together and I think you know having that experience in the gyms gives us a good idea of how it would work out with some others yeah as she ever teaching the class like if you're in the dogh house you got to take a boot camp with her and she'll be extra tough on you or something ah she's she's not a trainer luckily I would I would I would avoid those camps for sure I think that'd be pretty funny no I think it's great man I love how you've created that you know for yourself that you guys and of course   you know I think I've noticed this too a lot of uh there's a lot of people they'll have they'll be really excited about real estate they'll be really excited about investing and then you get one that's one spouse is very risk averse what what do you say to someone who guess their spouse is pretty risk averse and you know maybe they're concerned whether they're a passive investor or they're interested in doing business things are like this like how do how do they kind of get that person on board or what have you seen is kind   of work to kind of help them to kind of work forward with that move forward yeah I mean it's tough it's tough right like you have to you have to choose your significant other wisely and it's probably the biggest decision that you'll make in your life not only for personally but also in business because if you have someone that just can't get on board with what you're doing or doesn't understand what you're trying to do um and you don't mesh very well on that side of things it it makes things a lot more a lot more difficult right and   you see that all the time you see couples fighting about business and somebody's working too much and the other person's not working enough or those sorts of Dynamics um but I think a lot of it can be solved with education you know a lot of it is just kind of this other person doesn't know enough about the business or the investment or whatever it might be and they just need some education so they're not the person they're not like us every single day just immersed in this and getting on podcasts and you know   listening to podcasts and reading books and all this stuff about these Assets in these businesses so you have to keep that in mind like they need to they need to understand to a certain extent so they can get comfortable with it I mean that's you know when people are scared to make moves it's usually because they're just not educated enough to be able to to assess the risk and move forward or not now if they are educated enough and they do know enough about the asset and they still say look this is a   bad deal well then maybe maybe you should look at it again and make sure that it's not a not a bad deal but there there's definitely some you know give take there with personality types and how much risk that each person's comfortable with or not comfortable with yeah absolutely I think that's definitely I just I love when I see couples that are like really on the same page and are like yeah we're in this and you're you know you're doing it which is great and be both be active which is awesome um so let's talk a little bit   about um I guess you know kind of circle back to you know investing in deals you know as a passive investor um you know if if someone invests in a deal that doesn't go well um how to you know how should a passive investor respond to that or what are the things that you know someone can do if they're not getting the communication that they need I mean I know there's some legal things you can do but then it starts expensive and like what I guess what are some options as a passive investor let's say   your sponsor is having struggles or they're just not communicating is there some like what are the what are the what what can you do to try to get that to change yeah I mean this is why paperwork is so important like people don't want to deal with that and you know I'm an attorney so I'm on the front end all the time like telling you telling everybody hey like make sure we hash this out now like let's be have a a really transparent conversation let's figure out exactly what each part is getting   into and let's not like hold back at all you know a lot and some of this applies to passive investing some of it doesn't because you you know you have certain things that you can ask for certain things that you can't but be as transparent as possible upfront and with the paperwork and pay attention to what you sign and what you sign up for because at the end of the day when things start to go wrong that's what the fallback is the fallback is okay this person isn't communicating any longer or they're not doing the things that they   said vocally they're going to do what can I do and at that point that's when you have to look at the paperwork so if you have a contract and in this case it would be an operating agreement or a limited partnership agreement that you've signed or subscription agreement to you have to go back to that paperwork and look and sometimes they may have put in that paperwork for instance that they do agree to give you a quarterly report or maybe they agree to give you a an annual financial statement or maybe they   didn't I don't know it depends on what the paperwork says but that's the first step see what your rights are contractually and that's a good place to start because if you do have a contractual right that they have to give you a quarterly report or they have to give you annual financial statements or if you request it they have to give you certain Financial reports then that's the place to start and you say look I know things aren't going as well as they should be going I really want to get this thing back on track let's let's   start communicating but you know pursuing to the operating agreement I I need to see a quarterly report or I need to see this financial report um and put that in writing and writing can be just as simple as an email or text but get it in writing make sure that that communication is documented um not just verbally because if something does go wrong if if there is some sort of and this is unlikely but if there is some sort of fraud or gross negligence or anything like that going on at least you have that uh that written communication   between the parties that down the line you can be like look I asked for this five times I still haven't received it they said they would do this and then you can start saying okay at this point maybe we're not just talking about somebody not doing a great job or maybe we're not talking about the investment not going well as well as anticipated maybe now we're talking about some sort of negligence maybe now we're talking about somebody misrepresenting what they said they were going to do versus what   they do um but you need to have that in writing so that at the end of the day you can put that together um and and show it to whoever it might be your lawyer their lawyer or maybe a court yeah yeah it's interesting you know there's some new tools out there as well a lot of times these documents sometimes are 80 to 200 pages and there's a lot lot of you know legal Le and boilerplate stuff and just a lot of fine print and I found that one and I'd actually love to know your opinion on this but i' I've done this occasionally   where I'll take uh I'll take some some documents or ppms or marketing whatever I'll put them in chat GPT I'll just be like hey you know I'll start asking questions Hey what how does this work how does that work whatever and it'll kind of like go through and pull that out of there which is just kind of like a timesaver I just find for a lot of investors it's like I don't want to spend two hours reading this really you know thick language and I know you're an attorney so that's what you do and um   but I mean is that something that you've uh seen some people do or is it I know obviously things can be missed but it's it can kind of help you get to give you the gist of in this situation this happens or in this situation is that something that you kind of seen a little bit 100% and maybe not all attorneys would agree with this but I I encourage that I think it's perfectly fine like you've got to leverage technology and that technology is unbelievable it's unbelievable and it gets better every   single day like you just see a new iteration every couple of weeks now it's absolutely insane what it can do and you can certainly upload your PPM your operating agreement your subscription agreement into it and ask it questions now if it's something very nuanced it it won't it won't get to it if there's kind of like a lot of times there's like different Provisions that layer on top of each other it doesn't understand that yet it will at some point it'll be there and probably very very soon but a lot of   the questions you ask if they're nuanced um it won't understand it um so what I recommend is do that get a good high level overview you can also ask questions and then I would verify so like once it once it gives you an answer and it's something that's very important like you're like this is the answer that I was looking for ask it be like well what section did you pull this from and then get the section and then look it up yourself that particular section and verify that what it told you is actually   the answer yeah it's amazing the uh the tools we have I mean we really are in an an age where there's so much information everywhere but it's being able to access it quickly and it's like AI and some of these things can help with it and I don't think you know just a side note on AI I don't think it's that AI is going to be robots that's going to take over and kill us all or we're going to lose our jobs just to an AI bot or something but it's people using AI right that are are able to become a super employee or a   super business owner or super investor and really be able to get more information so I think it can be really powerful um what are uh what are some trends that you're kind of watching um I know actually I want you to talk about this too you're involved with a group called tribe vest which helps uh basically syndicators they have a portal and they can kind of have ways to be able to access uh certain deals and and and pass that information but what are what are also some Trends in relation what are some trends that you're seeing   as far as investing uh for Passive investors that are just things that can are good to watch or things that are helpful yeah I mean I think one really good thing is is what you you talked about already it's it's using Ai and and using software to make you a better investor so you can you like before you get this 200 Page PPM and you're like what what in the world do with this and maybe one out of a 100 investors will read that line for line if that and even if they could read it they probably don't understand it unless they they   happen to be a Securities attorney or some sort of transactional attorney they're not even going to get it um fun fact a PPM is actually supposed to be in non-legal ease it's supposed to be in in layman's terms that's the whole point of it is so that you can understand your investment in layman's terms but ppms have turned into you know a legal document so yeah even longer um but yeah I mean I think you can start leveraging Ai and software to just be a better investor and not just from you know   reading legal documents like we had mentioned earlier that's a good example of of you know when you're looking into an investment maybe put that PPM into chat gbt ask questions about the investment ask if there's any inconsistencies between the PPM and the operating agreement things like that um but you can also use it for underwriting and due diligence and things like that um I'm actually an adviser for a startup called brixley and we are working on kind of a due diligence type of process process where we're aggregating all the   due diligence documents we're putting them into a software and then you're able to evaluate the deal so you can evaluate that deal based on your buy box and those sorts of things and it's just it and things like that just change the game quickly right like before it just takes a lot of Manpower um a lot of hours and now it just takes minutes but you still have to have somebody skilled enough to prompt and skilled enough to ask the right questions and skilled enough to make sure that you're not believing the AI and it's not   hallucinating um that sort of thing because you've got to make sure that the information gives you is right because right now it does spit out some things that that don't make a lot of sense so you just gota gota be be very careful but people if you aren't leveraging AI in just your everyday life then you're you're getting left behind yeah yeah know you got a fact check on other stories of attorneys like I guess there was an attorney in New York that like just took his whole thing and put it into AI a chat jbt and it wasn't even   right it was like totally wrong and they got disbarred or something for doing that so it's obviously an investor the the risk is not going to be disbarred typically it's more you might lose your shorts or something so it's makeing sure you're doing it the right way yeah for sure yeah you gotta be careful you got to be careful but like I said it's getting better every single day like I I think in you know two years it's going to be unrecognizable in in five years we're going to have a humanoid robot in every home that we   have like yeah yeah it it really is changing so fast and that's where I think it is really important important to pay attention to technology to try new things if people are not like as a listener if you're if you haven't used chat GPT there's an app you can use for free there's the website get familiar with prompting which is just going in and just being commands I literally use it I'm going to Columbia we're recording this I'm going this week to Columbia and I want here's my nine days I'm going to   be here create an itinerary for me like literally created an itinerary based on my values what I want to do and and I can always like go off of that but it's like it's so helpful right it's amazing yeah it's such a time saer it's insane it's insane yeah it is it is uh well Seth I really appreciate you you being here today I just feel like you add so much value both as an investor a business owner an attorney um just love what you're creating with your content and uh can you just share how people can   follow your show and how they can hear about you and and some of the things that you're doing absolutely man best place to go would be Seth paaul bradley.com and that's where I have kind of all my social media links you'll have a link to raay law my Securities Law Firm as well as try best fun of funds in a box and the podcast as well awesome brother thanks for being here man all right thanks Bronson appreciate it all right I hope you enjoyed this interview with Seth I just I love the stuff at the   end there about AI if you you know you want to go back and Rel listen to that just using chat GPT in your life in your business to look at ppms and even as an attorney said yeah some attorneys don't like that because it will miss things but it's really a timesaver we use it all the time we use it all the time in our business I use it all the time in my personal life and it's just so helpful I literally it's kind of replace my Google search now because it's so much better and instead of we used to go spending   time on Google you spend 30 minutes researching something now it just kind of spit out the answer for you which is really great so I use it for health stuff for travel or business topics all kinds of different ideas just find it really really helpful so hopefully you got something out of this interview you enjoyed it if you have not en joined our investment Club you're not hearing about our amazing deals that we're doing right now and that we're really excited about so um if you want to check that out you   can check out the link in the uh show notes or the link below or you can go to Bronson equity.com and hit the join button we'll start a relationship with you set up a call with you and you can start hearing about our awesome upcoming deals so thank thank you for taking the time to educate yourself seriously it humbles me it excites me it gets me fired up because the best investment you make is in your own education we look forward to seeing you on the next episode you've been listening to the mailbox money podcast for more free   resources articles and videos go to Bronson equity.com there you can download your copy of the Special Report the single best investment strategy during and after a pandemic none of the information shared here is an offer to buy a specific investment and this is for education ational purposes only consult your financial legal and tax professionals and use your own Common Sense before making any investment decisions thanks for joining us and be sure to tune next time for more mailbox money [Music] Links from the Show and Guest Info and Links: https://www.youtube.com/watch?v=2xrvBhGtS5w&t=396s https://www.facebook.com/reel/1762572444669041 https://www.linkedin.com/posts/bronsonhill_when-deals-go-wrong-the-fallback-is-the-activity-7321649659108581377-87lt?utm_source=share&utm_medium=member_desktop&rcm=ACoAAFY-6nMBbbX5J6KeuEtIMcA9tcRG4F_1ItE Seth Bradley's Links: https://x.com/sethbradleyesq https://www.youtube.com/@sethbradleyesq www.facebook.com/sethbradleyesq https://www.threads.com/@sethbradleyesq https://www.instagram.com/sethbradleyesq/ https://www.linkedin.com/in/sethbradleyesq/ https://passiveincomeattorney.com/seth-bradley/ https://www.biggerpockets.com/users/sethbradleyesq https://medium.com/@sethbradleyesq https://www.tiktok.com/@sethbradleyesq?lang=en Bronson Hill's Links: https://bronsonequity.com/ https://www.instagram.com/bronsondavidhill/ https://www.instagram.com/bronsonequity/ https://www.linkedin.com/in/bronsonhill/ https://www.facebook.com/bronson.hill.37/ https://www.tiktok.com/@bronsonequity2020 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On this Ropes & Gray podcast, licensing and collaboration partner Hannah England and antitrust partner Lisa Kaltenbrunner discuss how EU antitrust rules impact non-competes and other exclusivity provisions in collaboration agreements, license agreements, and asset acquisitions. They explain why these rules apply even to U.S. companies, outline the key differences between collaboration and license agreements, and highlight the risks of non-compliance, such as unenforceability and regulatory scrutiny. The conversation offers practical guidance on structuring non-compete clauses to align with EU competition law.

Are we aware that we're serving someone every day—God, ourselves, or the kingdom of darkness? In this sermon, Pastor Allen Jackson discusses serving the Lord. Jesus calls us to be servant leaders for Him, and He demonstrates what that looks like in the Gospels. Pastor Allen teaches five characteristics of servants: surrendering our wills, practicing contentment, being entrusted with authority, understanding the limits of authority, and knowing who we are serving. We've been offered the highest invitation of our lives. Are we willing to serve the King?

This week in the Breakroom, Rachel Stauffer and Rachel Hollander join Maddie News to take a deep dive into the digital health and telehealth proposals in the Medicare Physician Fee Schedule. Read more in this week's Regs & Eggs blog post.

Fox Legal Training sees debt documentation risks rising as too much cash chases a limited number of high-yield deals. “Provisions these days are drafted in a way that they are very much departures from reality,” Sabrina Fox, the company’s founder, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Aidan Cheslin in this episode of the Credit Edge podcast. “That creates an alternate universe, like La La Land, where the numbers don’t match the performance of the business,” says Fox, who specializes in covenant analysis. Fox and Cheslin also discuss lack of transparency in high-yield debt deals, lessons learned from the Altice debt restructuring, how aggressive liability management spreads to Europe from the US and where to spot trouble in prospectuses.See omnystudio.com/listener for privacy information.

As the German VC market becomes increasingly founder-friendly (again), investors and founders alike are rethinking the balance between risk and reward

That Solo Life, Episode 307: Media Under the Influence Episode Summary  In this episode of That Solo Life, hosts Karen Swim, APR, and Michelle Kane tackle the significant and timely topic of "Media Under the Influence." Together, they explore how modern-day pressures, including governmental interference and financial constraints, are impacting media integrity. They examine the implications for public relations, the importance of preserving local journalism, and how a free press is integral to maintaining a democratic society. With their uniquely supportive yet candid approach, Karen and Michelle share their perspective as seasoned communication professionals and empower listeners with actionable insights for championing an independent media landscape.  Episode Highlights  [00:12] Welcome and episode introduction by Michelle and Karen.  [01:09] Introduction to the topic - What does "Media Under the Influence" mean?  [01:31] The erosion of media integrity due to governmental and corporate influence.  [02:14] Discussion on recent examples, including Stephen Colbert's show announcement and high-profile media lawsuits.  [03:36] The crucial role of journalism in public relations and democracy.  [06:34] A look at history - How stifling free press aligns with authoritarian regimes.  [07:15] Encouragement to consume diverse information for balanced perspectives.  [08:06] Reflection on diminishing local journalism and its ripple effects.  [11:30] Empowering solo practitioners to support and advocate for a free press.  [14:28] Final thoughts, inspiration for PR practitioners, and a message to protect media integrity. Related Episodes & Additional Information  Episode 301: The Need for Thoughtful Engagement in an Age of Clickbait Episode 298: PR Potpourri: A Look Back at Q1 2025 Episode 242: Media, Mayhem and What Happens in a Small Town Additional Resources  Muck Rack Local Journalist Index  Why Local News Matters  How Local News Holds Governments Accountable PRSA Code of Ethics (scroll down for Provisions of Code) Host & Show Info  That Solo Life is the go-to podcast for public relations, communication, and marketing professionals who are navigating the unique challenges of working independently or in small teams. Hosted by Karen Swim, APR, founder of Words For Hire and President of Solo PR Pro, and Michelle Kane, Principal of Voice Matters, the podcast delivers expert insights, encouragement, and actionable advice. Whether you're a seasoned pro or just starting your solo PR career, you'll find the support and empowerment you need.  Take action! Enjoyed this episode? Don't miss out on future insights!  Don't miss out on our upcoming lineup of great guests and topics! Subscribe to That Solo Life on your favorite podcast platform.  Share this episode with your fellow PR pros and spread the word about protecting media integrity.  Visit Solo PR Pro for additional resources tailored for solo practitioners.  Leave us a review and tell us how this episode inspired you! 

Pastor Doug continued our "Sermon On The Mount" series by encouraging us to cast our anxieties on the One who provides everything that we need, Jesus.

This week, we're covering four important depreciation provisions contained in the One Big Beautiful Bill Act.

Rest in the Covering and Provisions Of God - Pastor Fred Imuseh

In this week's episode, we review the unemployment and home sales figures that were released this week, as well as the ongoing trade tensions and tariff negotiations between the United States and its trading partners. We also touch on the Federal Reserve's policy decisions and President Trump's visit to tour the renovations to the Federal Reserve headquarters in Washington, D.C. Lastly, we look into the performance of the stock market, including the S&P 500 reaching new all-time highs, a new round of corporate earnings, and the resurgence of "meme stocks."Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment OfficerStephen Hoedt, Head of Equities01:47 – The initial unemployment claims report showed a decline, indicating a robust employment market. However, existing home sales fell due to higher mortgage rates.02:35 – The European Central Bank paused its rate-cutting cycle, which could be an indirect factor in the upcoming Federal Reserve policy decision. President Trump also visited the Federal Reserve and spoke with Chair Jerome Powell.03:52 – Regarding tariffs, the U.S. reached a tentative agreement with Japan to lower tariff rates, which was seen as positive news. However, the overall tariff rate remains elevated compared to the beginning of the year.07:58 – A discussion on the resilience of the economy, with corporate earnings exceeding expectations and the labor market remaining healthy. They also noted some potential headwinds, such as policy uncertainty and the potential for market volatility as we head into autumn. Additional ResourcesKey Questions: What Are the Top 10 Provisions in the 'One Big Beautiful Bill Act' that Will Impact Individuals?Key Questions | Key Private Bank Subscribe to our Key Wealth Insights newsletterWeekly Investment Brief Follow us on LinkedIn

Welcome to the Financial Institution Insights podcast. Provisions in the recently passed OBBBA have various implications for banks and their customers. With new tax credits and the extension of those existing rules set to expire, banks need to look at the opportunities and risks for their institutions, their customers, and their employees. Join our hosts, Susan Weber and David Stone as they welcome BerryDunn's tax expert, Jeffrey Ring, for an overview of key considerations today, and in the future.

THE FIVE PROVISIONS FOR HEALING IN THE SCRIPTURES || DR DAVID OGBUELI #healing #miracles #jesus #pastordavidogbueli

THE FIVE PROVISIONS FOR HEALING IN THE SCRIPTURES PART 2|| DR DAVID OGBUELI #healing #miracles #jesus #pastordavidogbueli

The Power Hour is a weekly podcast that discusses the day's most interesting energy and environmental policy issues with top national experts. Join Jack this week for an informative discussion with his Heritage Foundation colleague and policy expert, Mario Loyola.  With years of experience in think tanks, academia, and government, Mario brings a unique perspective […]

The Fat One is back from Carolina Cheese and Provisions and recaps his visit which included great friends, great food, lots of wine and, wait for it, THE Shell Story. Fascinating! Happy National Tequila Day.

The Power Hour is a weekly podcast that discusses the day's most interesting energy and environmental policy issues with top national experts. Join Jack this week for an informative discussion with his Heritage Foundation colleague and policy expert, Mario Loyola.  With years of experience in think tanks, academia, and government, Mario brings a unique perspective and is the perfect person to help us to understand the energy provisions in the Big Beautiful Bill.  Jack and Mario's discussion covers the horizon of topics, including subsidies, regulation, and energy markets.  And if you listen close, there might even be a mini-debate in there some place. You can check out Mario's outstanding work here.  As always, you can join the conversation at  thepowerhour@heritage.org!  Check out Jack's book, Nuclear Revolution, and our nuclear energy documentary, Powering America .  Thank you for listening and please don't forget to subscribe and help us to spread the word. 

As the Defense Department is working to incorporate right to repair provisions in all new and existing contracts, Congress is wrangling over how to strike the right balance between military readiness and protecting companies intellectual property rights. Federal News Network's Anastasia Obis joins me today with more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

~ Rules of women's masturbation ❣️, and using the spouse hand in masturbation.

~ Rule of bathing

In this episode of "Building Texas Business," I sit down with Molly Voorhees, the president of Beck's Prime, Winfield's Chocolate Bar, and Agnes Cafe. Molly shares her journey from Silicon Valley back to her roots in Houston's culinary scene. She talks about how her passion for food and community has shaped her approach to running family-run businesses and the importance of customer service. We explore the challenges of maintaining a successful family business, emphasizing the importance of respecting individual expertise and fostering a collaborative environment. Molly discusses how she integrates technology into operations, which can be challenging for mid-sized companies. Her experiences provide insight into the practical hurdles of implementing new systems while maintaining efficiency. Molly also reflects on the entrepreneurial spirit in Texas, particularly in Houston, where local businesses benefit from a supportive community. She shares how this environment has been beneficial, despite the uncertainties and challenges in the business world. Her approach to leadership involves patience and listening to her team, allowing them to voice their opinions and ideas. The conversation also touches on the importance of authenticity and resilience in business. Molly shares how facing challenges early on, like financial struggles and an empty restaurant, taught her valuable lessons. She emphasizes the importance of mental health awareness in corporate culture and maintaining open dialogue about success and failure. As Molly looks forward to upcoming projects, she invites listeners to experience the culinary adventures that celebrate innovation and community. SHOW HIGHLIGHTS   Molly shares her journey from Silicon Valley back to Houston, taking on leadership roles in Beck's Prime, Winfield's Chocolate Bar, and Agnes Cafe, emphasizing her passion for food and community. The episode explores her innovative approach to maintaining high standards in Beck's Prime while expanding into the chocolate business, highlighting the importance of customer service and community connection. Listeners gain insights into managing a family-run business, where respecting individual expertise and fostering collaboration are essential for effective decision-making and business success. We discuss the integration of technology in operations, acknowledging the challenges faced by mid-sized companies and the potential for improved efficiency through technological advancements. The supportive entrepreneurial spirit in Houston is highlighted, showcasing how local businesses benefit from a community eager to see them succeed, even amidst ongoing challenges and uncertainties. Her reflections on entrepreneurship emphasize authenticity, resilience, and mental health awareness in corporate culture, encouraging open dialogue about success and failure. Excitement for upcoming projects is shared, inviting listeners to join in a culinary adventure that celebrates innovation and community in Houston's vibrant food scene. LINKSShow Notes Previous Episodes About BoyarMiller About Beck's Prime GUESTS Molly VoorheesAbout Molly TRANSCRIPT (AI transcript provided as supporting material and may contain errors) Chris: In this episode you will meet Molly Voorhees, president of Beck's Prime, winfield's Chocolate Bar and Agnes Cafe. Molly shares her passion for bringing people together over quality food and service and how, in difficult times, she looks for the next right thing to do to keep the company moving forward. Molly, I want to thank you for coming on Building Texas Business. Thanks for coming in today. Molly: Thank you for having me Excited to be here. Chris: So we have a lot to talk about with you because you cover a lot of areas. So let's start Just tell everyone kind of what it is you do, the companies that you're involved in and what they're known for. Molly: So we started Beck's Prime back in 1985. I was just 10 years old so I did not start it, but my dad, a lawyer, winn Campbell, and an operating partner, a guy named Mike Knapp, started it together. And really my dad, winn, loves food and grew up in the burger business in Dallas. Chris: Ok, what was the burger place in Dallas? Molly: It was golf. Chris: I've had lots of golf, yeah, so he was 14. Molly: He tells some fantastic stories about, you know, his first day on the job, cutting onions and being a human trash compactor and sort of all the love, and ended up getting a law degree. But always loved the food industry, always wanted to be in it and came up with the concept of Vex Prime in 1985. I convinced a lot of people to gamble with him and invest and that was the very first Vex Prime on Kirby. Chris: OK. Molly: I was 10, just kid watching, watching it all happen, while I, you know, played sports and did all the things you do and went to college, ended up in um tech out in silicon valley for a long time during the the boom and bust period okay and which was fun went to business school and then wanted to to come back and be in the restaurant industry and grow it. Food is fun. It's very personal. I had sold being in tech. You're not selling something that brings necessarily as much moment-to-moment joy as feeding people Okay, necessarily as much moment to moment joy as feeding people. And I really felt like with Beck's Prime we had something great and then it was time to grow it and so I've moved back here in 2006, back to Houston, and we started growing and building more Beck's Prime and then we took over the management five years ago, chocolate bar and rebranded that Winfield's chocolate bar and built a factory and new stores and now we're selling wholesale and corporate gifting. And then we have a little side concept that I did with a friend called Agnes. Chris: Okay. Molly: Agnes Cafe and Provisions. Chris: Oh, we're off the internet, right. And that was my crazy covid baby I was. Molly: I thought everyone wanted to get back to work and we needed to create jobs and he's desperate for community and the restaurant industry to come back. And there was a restaurant that had closed there and decided to open up a neighborhood cafe with a friend who was crazy enough to say yes when I brought her the idea and we opened Agnes four years ago in June and it is a local neighborhood favorite. Chris: That's great. That's great. So original inspiration, I guess obviously is your dad, and being exposed to the business Great. So original inspiration I guess obviously is your dad and being exposed to the business. What was it that got you to kind of branch into chocolate, because that's much different than kind of a full service meal concept. Well, in theory it was going to be easier. Molly: Famous last words. Famous last words. You know, I love how food brings people together and what we do at Beck's Prime is really hard, which is, you know, you walk up to the window or you drive through our drive-thru and I mean we are cut, grinding and patting all the burgers every day. Nothing's frozen. I mean we're cutting those French fries it is busy back there and we're going to get you a made from scratch meal in eight to ten minutes. And that's hard. So I thought, okay, let's be in the food business, but let's scoop ice cream and cut cakes and sell chocolate. Um, well, when we took the business, they weren't doing the highest quality version of that. So I was like, okay, well, I'm going to apply the Beck's Prime model to it and I'm going to make it all really high quality and we're going to make all of our own cakes and ice cream. And so now I've made it as hard or harder than go back to your roots. I mean, nothing is easy. Chris: Right Molly: But yeah, I think they're similar in the sense of how you manage a restaurant, all of the different services, and how you buy food and how you work on cleanliness and operations. So there's a lot of similarities. Chris: And, I would think, critically important to people you hire to be customer-facing. Right, to make that experience, the food's got to be great, but if the people aren't great as well, right, you have to get both right. Molly: Yeah, and there's actually some evidence that the people matter more than the food. So you'll be surprised the number of text messages I get and there's some science behind this too, not just anecdotal. But oh my gosh, that guy over at Memorial Park. Or the cute drive-thru cashier over there at Kirby who always gets my sandwich right and says, hello, I love her so much, she loves my dog. There's nothing about what they ate or if they enjoyed their meal or it tasted good. It's the people. So you know, I think that part we've done well, which is why we're still in business. Chris: So let's kind of go down that route a little bit. What is it that you have done? I guess it that you have done, I guess first at Beck's and now at Winfield chocolate to focus on getting the hiring right, the processes you put in place, what did mistakes you made that you learned from, kind of. To me that is the key to the kingdom and I think our listeners could learn a lot from what you've done to put such a good system in place to get the right people. Molly: So it's interesting. I think the basics matter right how we treat people every day. I think we've always done that really well inside of our team how we hire. So when we hire managers, we will never hire a general manager for a store. We will only hire an assistant manager and then they can move up to a general manager. But when we hire, we actually take a team member through a number of different steps. You know. Obviously they interview with our management team, they interview with other managers, they interview with the other managers, then they'll do a shadows shift where they'll come and work a shift with the team. So we're really trying to make sure we get people who see themselves working in our environment. Chris:Right. Molly: Right. If you don't, if you want to be a white tablecloth restaurant manager or employee, we're not the right place. So sometimes people will come and they'll spend a shadow shift with us and they don't want to be in the environment. And then we'll also ask them. We'll give them dinner passes and we'll say bring a loved one to lunch or dinner with you here. And we'll say bring a loved one to lunch or dinner with you here. And that test is does somebody who's close to you see you working here? Chris: Oh yeah. Molly: You know, and so we try to help employees find a couple touch points so that they know whether or not, culturally, we're a good fit for them. But from my perspective it's really interesting. I think we have incredibly loyal long-term team members who've been with us forever. If you ever go in one of our stores, you'll see these posters that celebrate, you know, 5, 10, 15, 20, 40 years of with us. People are like, oh my gosh, those people have been with you for so long and I'm like, well, those are just the people on the poster that year. Right, and really I think it comes down to basic manners, boundaries, respect, helping each other. But just treating people as you would want to be treated goes a really long way. Chris: Yeah, like I said, that's the basics right, and to have that longevity in your industry is remarkable. Molly: Transparency, kind but also clear. Hey, this is how this needs to happen, Not having policies. We're not a big policy company. Chris: I love that because. I feel, the same way. I think. As soon as you create a policy, then all you're dealing with is all the reasons there should be an exception to the policy. Exactly so just treat people humanly, and humanely and reasonably. Molly: Yeah, and if we need to figure it out we will. But you know, if we had a policy that you know you can't take care of a customer if it's going to cost us more than $15. Let's say we had some limit, or something. And that would just be such a buffer. And it turns out the manager who's trying to take care of the customers all of a sudden handcuffed Right Right, and they just want the ability to do the right thing. Chris: Right. Molly: They're in the service business. People don't go into the service business unless you enjoy serving people. Chris: Well, and if you know, I think if you're watching your business, if someone's abusing a system, you'll see it and that's not a policy issue or lack of policy issue, that's a character issue, right, that surfaces, that you maybe didn't catch in the hiring process. I also like what you said because I think I'm hearing more of this in the corporate world the experimental part of the interview process where you you put someone in a skills assessment situation. So you said the shadow session or whatever. I know we're trying to do that and assessing skill. You know it's one thing to ask questions and be you know in a conversation, but people's skill sets matter in these jobs, right, that's how they're going to sink or swim. So I think that you've incorporated that is something that I see more and more people trying to do. Yeah, and I love to bring the loved one in. Molly: We try to do the same as well. Chris: It's like do something social with your spouse or significant other, because you're going to be away from them with us a lot. Molly: you're going to be away from them with us a lot they're going to spend more time with us than they are, you know, with you so? Do you see them and you know? Chris: okay with us, yeah do you like? Molly: do you like us? Yeah? Chris: so let's let's back up a little bit, because you mentioned, obviously, dad and a partner started VEX Prime. At some point you come in and kind of take over. What was that kind of transition? Molly: like it's still in transition. Chris: Okay so. Molly: I would say we certainly do not have a policy of nepotism in our business, policy of nepotism in our business, but to say that we don't have a lot of dads and daughters and family members and cousins and aunts and uncles all working together, we would have a long laugh. So my dad is still involved in the business. He's still a full-time lawyer. He's still a full-time lawyer and he is, you know, he helps us with all sorts of higher level finance, legal type ideas. I mean he's all over the map there, Our chief operating officer, Mike Knapp, the original partner. He's still working and he manages all of our managers and operating team. His daughter is our HR director and we have a marketing director who's been with us for almost 20 years and her husband is a project manager for us. So, and then on our you know extended family, I mean we really we have have tons and tons of family members working together and we actually view it as a real asset because we're all so passionate and deeply engaged in the business, because we're looking for it to be as best as it can be, but we are also, I would say, have investors from our community and our friends and family. We've raised a lot of money and so we are very careful because we're trying to make money for all of our investors. We have a fiduciary duty to that. So, I think in many ways, part of our culture is we are a family business, but we're not run like a family business at all Right. So how was it? I guess? Chris: you coming back in and you know I guess dad and his partner letting go of some things, and I mean you know, I know from experience. You know we have clients that go through this and I've had some guests on the podcast. You know everyone experienced a little different. What can you share about maybe some of the things that, looking back, probably could have done better or things that actually went well? ADVERT Hello friends, this is Chris Hanslick, your Building Texas business host. Did you know that Boyer Miller, the producer of this podcast, is a business law firm that works with entrepreneurs, corporations and business leaders? Our team of attorneys serve as strategic partners to businesses by providing legal guidance to organizations of all sizes. Get to know the firm at boyMillercom, and thanks for listening to the show. Molly: Yeah, I mean, I think one of the things I mean it's always hard and I think that there's an ebb and flow to it. And you know, one of the things I think we did really well and we still do really well is we stay in our lane and I think we're really good at the active debate and listening and having hard conversations but listening to each other's points and coming together to make a decision that is methodical and thoughtful, versus well, you know, it's going to be my way, or the highway, like we very rarely would let someone just take something and run with the decision. We're very consensus oriented but we also stay in our lane. So, if you know, I've probably my strongest background is in marketing. If I feel really passionate about something related to marketing and and I've got my reasons and I'm, you know, persuasively getting everyone on board everyone's gonna be like, okay, cool, cool, yeah, you got it, got it, you know. Or my dad's like the contract needs to read this way. You know, with the Cisco vendor, we're like, okay, cool, great, you got it. So I think one thing we've done well is we. We have a lot of people with very specific expertise and we're able to learn from each other, but not stomp on each other. And so, like Mike Knapp, who's our chief operating officer, and we have got some other great operators on our team they know how to run a restaurant. Well, if I go in there and tell them how to do it, like I'm way overstepping them my lane. Chris: Right. Molly: Right. But if I go in there and I'm like, hey, I noticed like this seemed inefficient, what's going on there? They'll either be like oh gosh, we got to go fix that, Thank you. Or well, this is why we're doing it this way and I can learn from that. Chris: I think there's a lot of humility in that for the whole team Right. Molly: Yeah, you know, or feedback, that happens. Chris: Yeah, you know, no egos. Molly: Yeah, I mean we all have egos. But yeah, I mean I can say to my dad, if we cross that out, we're never going to make this deal, Like, stop being a lawyer. Chris:Right. Molly: I mean you know how it goes. It's like there's always the lines there, but I think we do a good job of being honest, transparent, giving feedback and then, when we cross the line which family members can do, we do a good job of like coming back together. Chris: Good, so there's grace too, right. Molly: Forgiveness grace. That wasn't my best moment, I'm sorry. Chris: Yeah, okay, wasn't my best moment, I'm sorry, yeah, okay. So let's talk a little bit about you know you're, you've grown this business and you've added to it. What are you think about like technology or innovation? Are there things in that realm that you've implemented to kind of help either with the growth or, once the growth has happened, help kind of manage and make it more efficient? Molly: So I came from tech right in Silicon Valley, so it's like, okay, let's get some platforms on this business right. 2000 was the year, and so I've now been through a lot of point-of-sale changes and QuickBooks to Great Plains Accounting, all these Clover, uber, online ordering, and we have tended to actually be pretty early adopters. We probably had online ordering off your phone earlier than most companies in Houston, and it's interesting because they're so great and, in theory, they're going to make your life so much easier and everything is going to be faster and more efficient. I don't always feel that it has worked out that way. Oh okay, feel that it has worked out that way. Okay, you know, I think the layers, the layers can add just more work or buffer or time, even in how long it maybe takes to place an order. And I think we went through. If we go back a decade, I think that was the painful era of technology in the restaurant space, I think. Where we are now with some of the point of sale systems and how they're integrating, how can I let me explain this when a decade ago, or even five years ago, you would be in our restaurant and you would see we'd have our point of sale system, we'd have the drive-thru speaker, we'd have an Uber iPad, a DoorDash iPad, a Favor oh wait, favor called in and then paid with a real credit card. So just imagine. All of that is like just messy. Chris: And you'rust trying to keep up. Molly: Right, we're just coming at you and all we want to do is take the order, take your money and send you on the way with your food right. So, like that transaction, for us that 20 years ago was you walked up to the counter, you paid and you left. Now we've got all these things right and and if the DoorDash order comes in on this tablet, I've got to enter it in this system on the cash register, or it won't go to the kitchen and then the kitchen doesn't get a ticket. So it seems like, in theory, we should all love all of this. And for the consumer who's like beep, beep, beep. Chris: On the sofa at home, right. Molly: Great. It's great for them. For us, it's been hard, you know, and and it has taken a lot of time. And now what? What? My point with technology now is that all those systems are finally talking to each other, and so we were taking more orders through a single unit. There's less double entry. Chris: So technology is catching up right Kind of with the innovation, all the innovation of all that. Now technology is catching up, so it's integrated. Molly: And then behind the scenes is like how our accounting and everything flows over whether it's from our vendors that we're buying food from, and finally everything is catching up. But I think we all take for granted how easy that integration is, and when you're a mid-level size company, like we are, you don't have the financial resources to spend money on the consultants that you really need to hire to help you integrate that, and so it just can be hard. Yeah. Chris: Well, that's a great point, I think, with aspiring entrepreneurs, right, that you you've got to face these challenges and sometimes the only way through them is you know it's going to be extra time and hours on you to figure it out because you don't have the capital to just go hire a consultant to come fix it. And that's one of those lessons learned, right? It sounds easy, sounds fun, but when you're in the middle of it it's either you're going to do it or it's not going to happen yeah, and you get. Molly: I mean, there's so many great ideas out there and great technologies and great marketing ideas, but the the thought process around implementation and execution typically isn't thought through by many companies that we're partnering with. Right. You know, oh, you just do this, this and this, which is a trigger for all of us. We always laugh when we're in a meeting. It's like, oh, it's no problem to switch from this point of sale system, this point of sales, and we're like right they're never there. Chris: That's sweet they're never there past the sales delivery. Right, it's just like. Then they're gone. You're off to sell someone else, that employee will quit if if I say we're gonna switch yeah well, let's talk a little more about. I guess you know you're born and raised here. Becks started here Chocolate Bar. Winfields now, what are some of the advantages that you feel like that you've experienced as a result of being a Texas based? Molly: company. I think Texans are unique in that we embrace entrepreneurs. In Houston, I have, in particular, found this to be an incredibly warm and receptive and we believe in you, molly attitude. I'm out there hustling chocolate so hard. I'm out there selling to businesses and people want to see us succeed. It's not like being in a part of the country where I feel sometimes like well, we'll see if she can make that happen, where they kind of mock you, whereas here I feel like people are behind us and that's such a positive that happen. You know where they kind of mock you, whereas here I feel like people are behind us and that's such a positive place to work, whether it's people who you're partnering with or buying from you or, you know, just giving you money to go make it happen. Right, it's hard to make a business happen without the ability to raise money. Chris: Sure. Molly: And there's faith involved in someone giving you their money to go make something happen. I mean, you never know, right, right. Chris: No, it makes sense. I couldn't agree more. I don't think what you described as kind of that spirit of Houston, houstonia, just kind of a very entrepreneurial, very welcoming and supportive community, love to see others succeed. So you know, let's talk about the contrast of that as we sit here today, and you're in the middle of it, and you're in the middle of it. Molly: What are some of the headwinds that you are dealing with or that you kind of see around the corner, that you're trying to prepare for? You know, I think everything feels a tiny bit chaotic right now, and I think it doesn't matter. You know where you are on any sort of belief system as a business person, you're sort of like what's happening right? And I think our hr director always says this. She's like what's the next right thing to do? What's the next right? And I think, with all the challenges and headwinds, and I think, with all the challenges and headwinds which I have to just globally say I can't specifically mention I'm like, oh, I could be like, oh, the tariffs are this or that. Maybe the tariff goes away tomorrow. It's not really a worry, but it could be a worry. It's just the uncertainty. Yeah, and uncertainty can be a significant economic headwind. Uncertainty can be a significant economic headwind because when we go into uncertainty mode, we are stuck. And we just. It's like we're all of a sudden we're standing on the Galveston beaches and our feet are sinking in that squishy sand. That's so warm right now and lovely. Chris: And we literally can't come out of it we don't do anything. Molly: It creates paralysis. We just go into, like, and so I think what's hard as a leader and as a texan and as an entrepreneur, is to not let that stop us from making decisions and moving forward. Yeah, so I go back to my hr director and says okay, what's the next right thing I need to do? Chris: let that stop us from making decisions and moving forward. So I go back to my HR director and says, okay, what's the next right thing I need to do? Yeah Well, I mean, I think it's one good you have a partner, whether it's any officer or not, but someone that you can lean on and have that. What's great about that is it's simple right. It's how you eat the elephant right, one bite at a time. So big picture can be overwhelming, create a lot of uncertainty, could create paralysis. So, okay, let's go back to the basics and what's the next right step, right, and then maybe with one step, it's easier to take the second step which leads to the third step and all of a sudden you've built some momentum. Molly: Yeah, and you can do something with that. Chris: Yeah. Molly: But it is you know, and at the same time as you take the next step, you've got to kind of know where you're driving towards. Chris: Yeah, so let's talk a little bit about leadership styles, and how would you describe your leadership style? How do you think that's evolved over time? Molly: You know I think I'm not very patient and I think that's hard, and I think it's hard to probably work with me, because we all have a tendency of we've got a great idea. We wanted to have happened two weeks ago. Chris: Right. Molly: Right, not just, not just an idea. It's like oh, that's a great idea, why don't? Why aren't we already doing it? Chris: And why is it already? Why isn't it done already? Molly: Like what's the problem? And so I think one of the things I've really had to work on is patience as a leader, and it's far more fun to be part of a team with a patient leader versus a chaotic always and and I don't do this perfectly well, and so either. I would believe you if you said you did, yeah, you wouldn't you know me for half an hour and you can tell this, but I think I love being a leader that people can say no to now. I think I love being a leader that people can say no to now. I think, it's really hard sometimes to be. You can be the type of leader people can't say no to because they're scared of you or they don't want to say no. But when my team has now in a place where we're close enough and capable enough, where they can say molly, that is a great idea, and if we try to do that right now, we will fail yeah like, okay, I can be mature enough to hear that now and I appreciate you saying that. So I think, I think I don't want to stop pushing us, but I've tried to learn as a leader where kind of thinking of an organ? Right now right, which pedals I should be pushing harder on or less hard? Chris: I think you raise a great point, because I think it's like anything. I think if there's too much of one thing, it's not good. It's that statement of everything in moderation, and I think one of the challenges of a leader is to know when to push and when to back off. So you had to when to be a little forceful versus empathetic and, you know, maybe demonstrating some more grace. But every situation is a little different. So a good leader assesses it and go okay, what type of leadership does this moment call for? Yeah, and it's that awareness, almost right, and learning to be a little bit versatile, because I think if you're all one all the time, you're not going to be as successful as you want. To be right, you will be in some moments, but you're going to fail miserably in others. And again, that's much easier said than done in practice, right? Molly: I mean, it's much easier said than I don't know. You know, I'm so critical of my own leadership skills. It's hard to even walk in here right now and be positive. And yet I would say I'm doing so much better than I was, and, in part, I think it's having people around me who have helped coach me to be a better leader. I've hired coaches, or I have people who've helped me through how to handle certain situations. I think tools help. It's interesting Six months ago, about a year ago we implemented this easy calendar tool so we could watch our projects and hold each other a little more accountable, and we got so crazy. We got off of using that tool and the team was like, hey, can we bring that back? Oh yeah, why do we stop doing that? And so I think when you do have tools that help you as a leader lead, they can be really useful. If they become a way for you to stop having, I think, the productive conversations and you're just kind of using it as a checklist, I think it can be dangerous, but there's ways to use all this technology and tools out there to benefit us as leaders. Sure, and I think that's something I've learned to do a little bit better in recent years. Chris: Any anything you can point to. I always like to ask this is not the fun question but failure or mistake that you experienced or encountered, that you learned from that. You're like that was a growth moment. In hindsight, man, it felt terrible, whatever I look back. And what a growth moment for me, anything you can share there, because I always find that that's such a great learning and it hopefully dispels for listeners, right, because you feel like you're the only one out there failing and he's like, no, you're not. Molly: Oh my gosh, you're going to learn from it. Yeah, and I think you know there's so much shame we only talk about our successes or people only talk about their successes, right, or it's more fun. I mean, I don't want to walk around talking about all the things I've done wrong, and this was a little while ago and I rely on it now because not everything we try. We've just released product at Central Market in June. We just yeah, super exciting. Chris: A chocolate product, a chocolate bar. Molly: We've got truffles and boots and some go to Central Market and buy our products. But also at the airports in the market, we've got some great fun Texas themed products at Intercontinental Airport. So if you're going through the airports, buy some Winfield's chocolate. So you go out there and I'm so excited right now to tell you about this. Right, we're in these great new major retailers and we're in 12 Kroger's. Well, what I'm not telling you is I've been in 15 Kroger's and now we're in 12 because we only find those. I'm not going to tell you about the three that we're not in anymore because they're not. You know, the others are doing great. Go find us at the Buffalo Kroger or the West Gray, go find us at the airport, and I'm not going to come back and be like, well, that didn't work. They never bought from us again. Which is, you work so hard to make those deals happen and get out there in the world and there's so much hustle and it may just not work. So, going back in time, I had an investor and this was a decade ago and we had opened some stores in Dallas, some Bex Prime restaurants, and one of them had failed and we were going to close it and I mean, I was devastated, ashamed, sad, all of the things, and I'd gone out and raised $2 million and I had lost that money. It was over and I had to call our investors and let them know what had happened. Phil Plant, he says so you stubbed your toe for the first time. I was like I did. He's like, yeah, you're going to keep stubbing your toe if you keep at this long enough. Chris: If you keep trying hard enough, right? Molly: If you keep trying hard enough and you keep putting these projects together and businesses. He's like you're going to have some wins and you're gonna have some losses and you're gonna stub your toe but keep going. And it meant I can't. I'm gonna cry thinking about it. He's a really great person and but that meant so much to me in that moment because I mean I had failed big time. I had the. Chris: It didn't work, you know talk about the value of having the right people around you, right? Wow, that's pretty cool. Molly: You know and with Agnes I mean that restaurant took a solid two years to take off. You know I had to go borrow some money to keep it going and now it is a place where our community meets and people love it and then it is neighborhood joy and connection. I could not be more proud of it. But I'm telling you, walking into a restaurant on a Friday night, that you have opened and convince people to give you money to open, and there there's not a single soul in the place not a single soul. Very humbling. Chris: Right, you wanted to go walk the neighborhood streets, going, come on. Molly: Yeah, and so I think you know now with my team I can, we can take the wins and the losses with a little more grace. Chris: Yeah. Molly: You know well, that didn't work. What are we going to try next? Chris: Yeah Well, I think you know it sounds like part of the culture, right, is you said? The one thing about you said as a leader is people aren't afraid to tell you no. And it sounds like you've created a culture where people aren't afraid to fail and learn from it and keep going, and that's to me a sign of a really strong culture. Molly: Well, and it's okay to say like well, that sucked. I screwed that up pretty bad. Chris: Well, we're conditioned to, like I said, we don't talk about failures. I think we're conditioned that, oh, don't talk about that, because it's got to look like it looks on Facebook and everybody's smiling and happy when we know that's not reality. And so we can get past that and just be transparent. Molly: Yeah, authentic. Chris: I think the better off we're all. Molly: But don't you think being more authentic has happened as part of post-COVID? Chris: era. Molly: Don't you think people are more open about their wins and losses? Chris: I think, so I don't know. It's kind of the chicken or the egg. I think Brene Brown started talking about it a lot more and it caught on in the corporate world and that was happening pre-COVID but close to COVID, and then with that the world goes upside down. I don't think anybody knew what. So about uncertainty, no one knew. So I think it did create a feeling of I don't know what's next and this okay to be authentic. And as we started coming out of that, then there's a lot probably exposed more in the sports world about mental health and all that kind of just built on itself, where I think we're learning it's okay and it's more acceptable to be more authentic. Right, it's a good thing, it's a great thing. Molly: It's way more fun to live in this world. I think I'm not. Fun is not the right word, it's just grounding. Chris: Yeah. Molly: It's more real. Right, I meet more real people. Chris: Agreed, agreed. So well, let's turn to a little bit more of a light side, okay, okay, so what's your favorite vacations place? Molly: Oh my gosh. Well, I'm a, I love adventure. So you know, skiing, hiking, colorado one of those Texas and Colorado type people for sure Love going down to Galveston and fishing and being on the beaches down there, and then we love to scuba dive. So hit the Caribbean. Chris: Awesome, that's all great things. Molly: I can identify with that Stay out of the sun. Chris: You're in the food business, but, and so this is my favorite question to ask every guest Do you prefer Tex-Mex or barbecue? Oh man Hardest question of the podcast. Molly: This is so hard that I might have to Gosh. You know I'm probably a barbecue person. I think I'm going to go. Chris: We have a lot of good barbecue around here. Look, it's a hard question for a reason we have a lot of good barbecue, a lot of good tex-mex. You know, I've even had people try to answer it by combining both there's not. Molly: you know, look at levi good, he's got his tex-ex and his barbecue. He's sort of doing it right, that's right, that's right. Chris: So well, I want to, you know, just wrap this up by saying thank you for coming on and sharing your journey, excited to see what you're doing. Obviously, we watched the Becks on Kirby get redone because we're right around the corner, but what you're doing with the windfield chocolate sounds exciting and uh. Hopefully, now people hear this, they'll know more about agnes and yeah, come to all of ours. Molly: You can do breakfast at agnes, lunch at beck's, dessert at windfields. Chris: You hit them all I like it, yeah, so there you go, uh kind of a full service yeah, integrated, you can do it. Them all love it it Well, Molly, thank you for coming on. Molly: Thank you for having me. Chris: Really appreciate you taking the time. Special Guest: Molly Voorhees.

Send us a textHey Pickles!We hope this episode finds you well!This week, we have an update on the Rebel Cheese union busting allegations.Here's a link to their statement on the matter: https://rebelcheese.com/pages/bistro-note?fbclid=PAQ0xDSwLoN0hleHRuA2FlbQIxMAABpwCgilNmFl-yWpoqQCwDYaWOLYed3PdHZ6tp-i0m5oKeg1wcA5j7zOGsttQb_aem_FGpW5NRHhE05fO00JjNQHgOur Y Files this week focuses on a centuries old tradition of the swan census in Britain. Did you know that all trumpeter swans in British waterways are the property of the king?Here's the article that we reference about the swan census: https://apnews.com/article/king-charles-swan-upping-census-britain-b1da5b71b831577f2600d7e3530f83d5This week's Noteworthy segment is on an amazing art exhibit in Athens. The exhibit is titled, "Why Look at Animals" , and features seven floors of art dedicated to animal liberation. Here's a link to the article on the exhibit: https://www.artnews.com/art-in-america/aia-reviews/athens-emst-why-look-at-animals-lin-may-saeed-1234746804/Our Main Topic is on an anti dairy ad created by Viva that has been banned by the ASA in the UK. Have we gotten to the point where we're so afraid of offending someone that we can't expose the horrors of the meat & dairy industries?Here's a link to our previous episode on vegan artist & activist, Lin May Saeed: https://www.compassionandcucumbers.com/podcast/episode/7d96d6fe/ep-105-we-honor-animal-rights-artist-lin-may-saeed-can-we-end-factory-farmingHere's a link to the article: https://www.independent.co.uk/news/uk/home-news/vegan-charity-advert-banned-asa-baby-taken-b2789847.htmlOur Vegan Restaurant SOS this week, goes out to Subculture Vegan Deli & Provisions in Albany NY! We'll tell you all bout them & take a look at their menu!We have a new Listener Shout Out this week! Is it you?It's a jam packed episode & we hope you enjoy it!Thanks so much for listening!Much Love, Sam & ChristineSupport the showJoin Our Patreon https://www.patreon.com/CompassionandcucumbersSign Up For Our Newsletterhttps://www.compassionandcucumbers.comOur YouTube https://www.youtube.com/@compassioncucumbersveganpod/videos72 Reasons To Be Vegan *paid link https://amzn.to/3W8ZwsUVisit Our Website https://www.compassionandcucumbers.comSam's Etsy https://www.etsy.com/shop/CucumberCraftworks

In this episode, Jeff sits down on location at Town Hall Provisions, a cozy new pub nestled in the heart of Cornelius, NC, just steps from 131 Main. He's joined by co-owner and head of kitchen operations Anthony, and marketing lead Erika, for a behind-the-scenes look at one of the area's most exciting new hospitality concepts.In this conversation, you'll learn:The story behind Town Hall Provisions—from Anthony's early days in corporate hospitality to launching this new neighborhood spot.How the team created a space that's both cozy and elevated, with lounge-style seating, a warm hometown feel, and big-screen TVs for game days.What's on the menu: artisan charcuterie boards, flatbreads, wings, paninis, desserts, and a curated list of wines and craft beers—many from local breweries like Eleven Lakes Brewing.Weekly specials like Half-Price Wine Bottles on Wednesdays, $5 Draft Beers on Thursdays, and Trivia Night on Tuesdays.How the pub supports small private events—like baby showers, fantasy football drafts, and professional mixers—with a space that comfortably hosts up to 50 guests.The challenges and lessons of opening a new business, from licensing delays to learning the ins and outs of social media marketing.Erica also shares exciting plans for fall and holiday events—including their first Mahjong Night—and hints at expanded weekend hours starting in August to accommodate football fans and afternoon guests.Town Hall Provisions9624 Bailey Rd Ste FCornelius, NC 28031(704) 237-4352Hours: Tuesday-Thursday, 4-10PM; Friday-Saturday, 4-11PM; Sunday, 4-9PM; Closed Mondays.---------------------------------------------------------------------------------------Lake Norman's #1 Podcast & Email NewsletterThe Best of LKNhttps://thebestoflkn.com/Hosted by:Jeff HammElevate Land & RealtyCharlotte | Lake Norman | High Countryhttps://lknreal.com/Support the show

MedPod Today: the podcast series where MedPage Today reporters share deeper insight into the week's biggest healthcare stories. This week, MedPage Today reporters discuss how the federal government has been targeting gender-affirming care for youth, which states have passed laws making ivermectin available over-the-counter (OTC), and highlight some under-the-radar provisions in the so-called "Big Beautiful Bill" that haven't gotten much media attention. Episode produced and hosted by Rachael Robertson. Sound engineering by

Title: What They Don't Tell You About Raising Capital (Until It's Too Late) with Ben Fraser Summary: In this episode of the Invest Like a Billionaire podcast, host Ben Frasier interviews Seth Bradley, the Chief Legal Officer at TribeVest and an experienced securities attorney. They discuss Seth's transition from a big law background to becoming a passive investor and then an active capital raiser, detailing the steps involved in his journey. Seth shares insights on private placements and syndications, emphasizing the importance of understanding legal documents such as Private Placement Memorandums (PPMs) and operating agreements. The conversation also highlights key trends and shifts in capital raising, particularly the emergence of the fund-to-fund model, which allows passive investors to leverage their networks without taking an active role in deal management. Furthermore, Seth talks about the services provided by TribeVest to simplify the investment process for both passive investors and new fund managers. They touch upon the current state of the alternative investment market, discussing the advantages and opportunities available amid economic challenges. Links to listen and subscribe: https://podcasts.apple.com/us/podcast/155-moving-from-passive-to-active-investor-feat-seth/id1587171662?i=1000652125962 Links to watch and subscribe: https://www.youtube.com/watch?v=oiRq38II33s&t=1047s Bullet Point Highlights: Seth Bradley's Journey: Transitioned from big law to passive investing, and now to active capital raising. Understanding Legal Documents: Importance of critically reviewing PPMs and operating agreements as an investor. Red Flags in Investments: Identifying key terms and clauses in legal documents that can affect investor rights and returns. Fund-to-Fund Model: Insights into how new capital raisers can operate without needing to be actively involved in deals. TribeVest Services: Overview of how TribeVest supports fund managers with a streamlined legal and operational framework. Market Trends: Discussion on the evolution and current opportunities within the alternative investment space. Advice for Investors: Encouragement to dive into the market now to capitalize on upcoming opportunities as conditions stabilize. Transcript: hello future billionaires welcome back to another episode of the invest like a billionaire podcast today's guest is Seth Bradley very fun to talk with him he's friend of mine for several years and he's the chief legal officer at tribe vest which is a really cool company if you haven't heard of them we actually had their CEO and founder on about a year ago but they're kind of doing a really new cool push that I'm going to talk about in a sec but his background he's a big law Securities attorney spent a lot of time in kind of   corporate world transition really to kind of becoming a passive investor invest a lot of syndications so he talks a lot about his journey making that transition kind of going to generate passive income Financial Independence but then he's actually shifted back to becoming an active Capital Riser and he's seen a lot of people make this transition that been investing for a little bit and now want to kind of activate their Network and some of the stuff they're doing at Tri bestest is making this really really easy for   people so it's a really cool interview we kind of hit a lot of his journey from his perspective as a Securities attorney what are some of the big things you got to focus on when you're reviewing legal documents what are the red flags yellow flags Etc and then he kind of shares a little bit about some of the things and the trends going on in the kind of private placement syndication and capital raising worlds that if you haven't heard about some of these ideas you definitely want to tune in and listen because it's pretty cool I'm   seeing the same thing on my side of things so you're going to enjoy this episode he's a very very sharp guy and a lot of great insights that he shared I think you're going to love this episode please enjoy this is the invest like a billionaire podcast where we uncover the alternative investment and strategies that billionaires use to grow wealth the tools and tactics you'll learn from this podcast will make you a better investor and help you build Legacy wealth join us as we dive into the world   of alternative Investments uncover strategies of the ultra wealthy discuss economics and interview successful investors looking for Passive Investments done for you with and funds we help accredited investors that are looking for higher yields and diversification from the stock market as a passive investor we do all the work for you making sure your money is working hard for you in alternative investments in fact our team invests alongside you in every deal so our interests are aligned we focus on macr   driven alternative Investments so your portfolio is best positioned for this economic environment get started and download your free economic report today welcome back to another episode episode of the invest like a billionaire podcast I am your host Ben Frasier and joined by a very exciting guest Seth Bradley I've know Seth for several years he is the managing partner at Ray's law and the chief legal officer at tribe vest and uh Seth and I have done some business over the years and different things he's an   attorney and uh a very experienced Securities attorney and even has his own podcast called the passive income attorney podcast and so he comes with a really unique perspective both being an entrepreneur investor as well as an attorney gives him some really unique insights in this space of kind of private placements alternative Investments and super excited to have on the show so Seth thanks for coming on man Ben appreciate it man we finally got around to to recording this really really appreciate it man yeah it was   kind of fun because we reached out a couple years ago and uh we're we're gonna do something that never worked out and then all of a sudden you're ready to do the podcast tour and Pops back up three years later so hey let's do good I'm I'm gay man so looking forward to doing this now so give a little bit of uh context for your background uh for those who maybe aren't familiar with you and just kind of what you do in kind of the areas of expertise that you focus on as an attorney sure man so I worked in   big law for about seven years um most recently at a top three globally ranked Law Firm um as a real estate started out as a real estate attorney made my way over to Securities um at that point um I started kind of getting that you know mo as most entrepreneurs do that feeling like you want to do something else you don't want to have all these bosses you want to get out there and do your own thing um but you know I'd worked pretty hard to get where I was so I wanted to make sure that I knew what I was getting   myself into um I'd already been working with Real Estate Investors and folks like that as my clients um started talking to them started talking to some of the partners in my in my firm about how they invest what they do um really Lear learned about you know passive investing um and making my way kind of to the equity side and that's really where I my journey began as a passive investor in in syndications so I invested in a number of those um and also invested actively you know I kind of did the the Bigger Pockets uh you   know path where I listened to Bigger Pockets I did a you know house hack I did fix and flips I did buy and hold single families things like that as well as past investing in larger Investments um and at that point I realized hey I've got this network of attorneys and other folks that I can raise capital from so I made my way from passive investor to active investor man so you've done done the the full circle here I love it so started Big Lot and your bio says you Clos billions of dollars in real estate   transactions over the past decade so you've you've seen a lot of deals um I'd be curious because you know a lot of people that maybe newer to real estate investing newer to Alternative investments in general and just the world of private placements they kind naturally think hey the only way I can do it is you know the Bigger Pockets path which is a great path if you want to go and you know do it actively and have a second job so to speak where you go and buy your own real estate and and fix it up or work with contractors to   fix it up but you went straight into syndications which in a lot of ways uh fits better for uh people that are working professionals and you know don't want to necessarily trade time for wealth building already have a great income uh generator through the their job or their business and they want to just redeploy that into syndications so what was kind of the journey for you understanding the world of syndications and really with your background um insecurities law and how did you kind of get comfortable with that and what was   the Journey For You diving head first into syndications early on yeah I mean you really have to have skills uh money or time that those are the three things you can really offer right so it depends on how much of each one of those you have as to what your investment profile should look like and what you should get started in um I was actively wanting to participate in deals from the get-go but I did already have exposure from my real estate uh real estate practice to syndications and and watching other   people raise Capital knowing that those types of Investments are out there so I think I had an advantage there because prior to that I had no idea the only thing I knew was kind of that Bigger Pockets path it's like okay well house hack into a single family or dup or a duplex and then rent the other side out and then Fix and Flip This or wholesale that um I didn't really know about syndications other than through um my my law practice so I think I had that Advantage um get getting that exposure   and being able to transition to that quicker yeah talk a little bit about I mean your podcast is called passive income attorney and your your big goal is passive income and what was really kind of the idea behind that or why was that your primary goal and what does that mean to you yeah I mean the idea behind that was to be passive and I think we kind of as entrepreneurs we go back and forth I think we all want to end up on the completely passive side eventually but sometimes you don't get there as quickly   if you don't go on the active side for a little bit and I think I'm I'm seeing that a lot myself I did that I started investing passively and now I went to the active side as an active syndicator as a fund manager raising capital and participating in deals even on the operational side um because you can accelerate quicker that way if you the more time and effort that you put in the faster you can accelerate now a lot of folks out there especially pive investors listening if their doctors dentist lawyers they don't have time for   that so they need to invest passively that's probably the best use of their time because their highest and best use of their time is in their career being a doctor a dentist a lawyer an engineer where they're making a lot of money in their active income it doesn't really make sense that for them to start a fix flip business or wholesale business or even a syndication business really out of the gate until you figure out what what you want to do it makes more sense to take that active income put it into   passive investment vehicles that don't take any time away from your practice Yeah I love that what' you say there's you you one of three things skills time or money right and so one of those you're going to be trading to generate more passive income or wealth and wherever you're at in the Spectrum and where you're willing to kind of trade for for that invest I love that it's very uh makes a lot of sense so talk a little bit you know I want to get to what you said this in the minute kind of transitioning kind of bluring the line   of going back and forth between passive and active I think this is really interesting I've seen the same Trend but before we get there you know a lot of a lot of our listeners you know that are maybe newer to syndications newer to passive investing they um get a little bit shell shocked when they see a PPM or a set of legal docs to review for a deal and they they don't know what should I be focusing on what should I be looking for what are potential red flags or yellow flags and you know from your perspective and   I'm sure you probably saw a lot of things early on they like okay that's interesting or um you know making that transition you already had a leg up uh given your background but what are some kind of key things that you know maybe even coming into it you already had a leg up but now even 10 years later down the road have learned and things that you said you know hey this is way more important than I thought it was originally from from a pure passive standpoint because I think that's a roadblock for a lot of people yeah yeah   and you know it's intimidating right when you get that first PPM which is going to have exhibits to it and the exhibits are going to be an operating agreement subscription agreement maybe um maybe some marketing materials a business plan things like that you're looking at at least a 100 page document maybe it's 200 pages and if you're not a lawyer and used to looking at 100 page documents that is intimidating you're like what am I supposed to do this is going to take me you know this is like a month's worth reading if I'm actually   going to read this thing and really most past investors don't read it um but you should I mean you should at least start reading them um because it gets it gets easier and easier to read because they're all going to be very similar they're all going to have a similar structure and similar pieces and things to look out for I think one really important thing and you might not be able to do this the first time but you can start um kind of thinking about it but just really matching the PPM to the oper room because the PPM should really   be um kind of a a summary so to speak of the operating agreement because the operating agreement is the meat of what's actually going to be the the terms uh within that LLC within that investment and at the end of the day if something goes wrong or not even goes wrong but if there if there's some sort of um agreement or disagreement that needs to be figured out you're going to look at the operating agreement not necessarily the PPM to figure out uh what the next step is what is the mechanism for fixing this problem so you   know just making sure that the people PM accurately reflects what the operating agreement says is very important and and then taking a step further that the operating agreement and the PPM match what the lead sponsors are telling you let's say in the marketing materials or the webinar like just making sure that there's a clear picture between all the marketing materials the webinar um and the legal documentation is really important and sometimes if it doesn't make sense or there are certain terms   that don't match up you know maybe they're not as meticulous as they should be and you need to look elsewhere that that's a really important thing to look out for um kind of coming back to your question you know when when you're first starting as a passive investor all you're really looking at is the returns right you're comparing kind of your projected returns in this deal to your projected returns in this other deal and you might get a 2% more irr return projected in this one than that one so   you're going to go with this one but at the end of the day those are just projections right those are just projections and those can be manipulated those are based on assumptions from the lead sponsor and those are not the most important things the most important things are the the sponsor and their track record what they've done how they've performed um and you know the market and the deal itself but just those projected returns can be manipulated so that's really you know it's important at the beginning or at   least you think it's important and then later on you become a more um wiy vet in passive investing you'll realize it's not as important as as as some other things like hey are your fees aligned things like that like what are the Voting Rights like how what if something happens and the manager is doing a terrible job how can you possibly get them out like what are those mechanisms um what are the mechanisms for a capital call when things go wrong what what happens those are the those are the more   detailed things and the nuances you need to look at as a past investor rather than just looking at the projected returns that's a lot of lot of good nuggets right there you just listen to that skip back a few minutes and listen to it again because that's really good I think you're so right right if it just it can feel intimidating to look at a 100 page 200 Page document and where do I start but just start at the beginning just start reading it it just got to skim read it skim read it and just the more   you get familiarized with um these different document sets the more they all kind of seem similar over time and you can kind of notice the the things that are common among different deals and then you also kind of notice the things that pop up as oh that's kind of unique or that that's kind of different than what I've seen in other deals and that's maybe outside of the norm um and just kind of getting familiarized with it you're going to pick up a lot on it but I think you hit a few of the sections that I think are really   important that a lot of people kind of glaze over because if you're getting just looking at the here's the irr projection here's where turns are going to be like you said there's uh a lot of assumptions that go into what those numbers are derived from and you know I always come back to my banking background you know risk adjusted returns right because every element of uh every deal you know whatever return you're projecting there's different levels of risk and if you're you know taking a lot more risk in a particular   deal or strategy or structure the same level of return it's it's not Apples to Apples right and so understanding what that is from a deal standpoint but there's also risks uh some of the points you made within the legal structure and so he's saying go straight to the operating agreement as a starting point because that's ultim timately what's going to govern the the deal and the mechanisms for potentially firing the sponsor as a manager or like you said the capital call and the waterfall section understanding how does do   profits flow through the entity and what are the splits between them what are some things that maybe 10 years down the road now invested I don't know how many deals you've invested in passively but you look back you're like oh man you know what I I read that section and you know I kind of knew that maybe was a little outside the norm but I was so excited about the deal didn't really wasn't too concerned about it now looking back like oh man now that was that was a good learning experience because now you know maybe I can't vote   out the manager or you know different things that you would say looking back are more important that maybe you put weight on in the front end and maybe some examples of um you know especially right now I think a lot of a lot of deals that people invested over the past few years you know unfortunately are requiring Capital calls or are kind of headed in a direction that may not be good and um you know maybe it's the fault of the operator maybe it's not but if it is a fault of the operator What mechanisms do you have and what voting   rights do you have as a passive investor and talk a little bit about that because I think that's going to be very relevant especially over the next few years is sure certain older deals are kind of not hitting the projections they thought originally yeah I mean I think I already touched on most of them from a high level but like for instance um voting out the manager like if the manager is doing something um fraudulent or misrepresented what they were doing or you know really just doing a terrible   job is probably not a reason enough to get them out but it could be um if it gets to a certain certain point um but that's really one thing to to look for to see like what the mechanism is like does it take a unanimous Vote or does it take a majority vote or does it take a majority or super majority of each share class each membership class within the LLC so it it and typically they're set up so it's really difficult to get the manager out right because the lead sponsor is going to be the manager and   they're the ones that are going to be making all the decisions and they don't want to lose control so they wanted to make it as hard as possible um and still make it legal um to stay in that seat and not get voted out so you know you will see some pretty onerous um Provisions within the operating agreement to be able to get them out but there should be a reasonable way to do it whether that's a super majority vote perhaps that's that's reasonable so super majority vote um in the event of a misrepresentation fraud you know any   sort of like bad boy act by the the manager or if their bad performance reaches the level of you know negligence or something like that there just needs to be a mechanism to get them out that's that's just one example when you had mentioned Capital calls as well so Capital calls it's like what is the mechanism when the LLC or or the syndication needs additional operating expenses to survive what what is the mechanism to do that like can is the first step to actually do a capital call and is that Capital Call Mandatory   meaning that the investors have to participate um on a proat a basis or that's not typical so if you that's one thing to look out for if it is mandatory that you do and and if you don't then you're basically out or you lose uh you know an unreasonable amount of your Equity if you don't participate then perhaps that's a red flag right like if you don't participate um well I should say the capital call should be optional and if you don't participate that's okay um but you will most likely be watered   down your Equity will get watered down on a prata basis rather than something above a pro basis right so that's an example you're saying of if it's required which is uncommon right that that's that's a red flag potentially um or if you get diluted a higher than the proat mount is another another negative and you're exactly right I mean I think you know part of this is when you're when you're investing passively you're you're giving up control of of operating the deal to the sponsor right is so that that's kind of   the the trade-off is you're hiring experts you're investing with experts that hopefully know what they're doing so that you don't have to be doing the day-to-day stuff and so it can be difficult to replace managers and and uh you know have uh impactful voting rights uh that can change the outcome unless there's fraudulence or negligence but I think it kind of goes to the point too of understanding what these kind of parameters are and what's normal and then also like I think you can pick up a lot of what you're saying and just the   congruence between PPM the operating agreement the the offering memorandum the webinars and um and then really the alignment of Interest right because if ultimately if the sponsor stands to lose alongside the investors if they're not just getting rich just off of fees and you know does they don't have a whole lot of skin in the game then ultimately it might not be you know a great deal but if they have a lot of lot skin in the game and even if it's written in these certain ways it doesn't necessarily mean it's a bad a bad   investment so okay love it get a little bit in the weeds there for for some people and if this is you know um newer to you I I definitely encourage you um to just start this you know opening up the bpms or reading them and you're going to pick up a lot by doing that and then just ask questions right and I think it's a great thing too that if you're reading the PBM and reading operating agreement to ask questions of the sponsor and that's usually pretty indicative of one how well do they know their own documents and to how willing   are they uh to address certain questions that maybe maybe concerns to you right and I think you can actually get a really good sense of um how they and how they respond of of what that interaction is going to be so love that thanks for some of that Insight Seth I'd love to shift a little bit uh you mentioned something earlier I I wanted to come back to is you you kind of you have said before you the future of capital raising is kind of Shifting and evolving and I think a lot of people are realizing and   I've seeing the same thing too right I'm a a coach and you know masterminds for Capital risers and this fun to fund model is becoming very popularized and people that maybe think oh I'm not really a capital Riser or you know that's that's not my you know what I've learned to do went to school to do or whatever or realizing hey actually I've been investing passively for a while I have a pretty great Network because I'm around a lot of accredited investors I've done enough to kind of know a good amount and   I can actually turn this into a business right and so talk a little bit about what the fun to fund model means and maybe someone that's in that boat where what you said is I think I'm gonna go 100% passive but then you know you're also learning a lot along the way and you have a a network that maybe you can activate and also raise capital and get get paid to do it compliantly that's right and and you said it and I'm seeing it time after time where past investors they invest in a number of deals and and   you know folks that are investing in these deals typically have a little bit of money and they probably have friends that have money as well and their their friends start asking them about the deals that they're investing in um and they start thinking hey you know what what can I can I get paid can I have a is there a business here that I can develop that I can build um by bringing in all my friends and family that might also be wealthy might be able to put these These funds together um and invest   in the deal together um you can certainly do that but you start to run into lots of Securities lots of rules and regulations that some people know about and some people don't you'd be surprised uh um that you know you see people out there raising capital in ways that they shouldn't do it um but what's great about the fund of funds model is that you know you're not a what's called a CP so you're not an active partner with the lead sponsor that's kind of the I'll call it the old way and I you know   I've been saying that the CP model is dead just to kind of put it out there that um you know we shouldn't be raising Capital with lead sponsors and then not doing anything else not participating in deal and and having an active role if you're a true cgp you need to have an active role in in the deal and that's kind of what deters um passive investors and doctors and dentists and lawyers and people like that that already have a career they don't want to take an active role right like they don't want to do   the asset management or manage the property manager or talk to tenants or anything like that and that's where the fund of fund solution comes in the fund of fund solution is really creating another syndication or another fund um that invests into the lead sponsor syndication or fund and that's where the name fund of fund comes from now traditionally the issue with that is well it does come with responsibilities for the fund manager they they have to put the deal they have to put their own fund together they have to put their cap   table together open a business banking account form an LLC get a Securities attorney um you know manage their investors manage their distributions do taxes all those sorts of things and so it turns into an active business and on top of that it's expensive because we are creating a second syndication a second fund to invest in that uh lead sponsor Target Fund um so that's the the problem that's always been the solution the fund of fund has always been the right solution but those problems that I   just mentioned are why it hasn't been widely adopted but you're seeing a big shift in the market as we're able to provide a more affordable option and a and a solution to bringing all those different services that a fund manager would normally have to go out and get themselves and putting it into a package yeah that makes a lot of sense and so like we said we're seeing the same thing where people are um they've been investing they they like what they're doing they have their friends and their family asking about the different deals   they're doing and then they have thought well hey I mean that's I can make money doing this and what most people have done historically is cgp model and for those that are unfamiliar with that is basically you raise money directly into the lead sponsor syndication or entity and then you get uh granted certain General partner shares for doing that but and you're the you're the attorney so I'm I'm gonna say at a very high level as I understand it by by doing that you are um uh well you can't raise   money and get paid for it unless you're a registered broker dealer unless you're General partner and uh are continuing to operate the uh the deal the business and have an active role in it but most people that are just raising capital or just want to raise Capital as um you know on the side of what else they're doing that's not a realistic expectation so what what we've seen I'm sure you probably see a lot more than me is these different uh uh folks that are raising capitalist cgps and then you know this   this new SP has about 10 different CPS on the list on the roster here and it's pretty hard to make an argument that they're all actively participated in managing the deal because you just don't need that many people right if it's the same deal and so then you kind of run into compliance risk and you just you don't want to mess with that I mean that's that's just let's leave it there and so the fun of fund model has always been around it's basically you create your own fund and as your own fund manager you're exempt from um uh some of   these uh securities issues to basically raise capital from your investors into your fund then that fund invests into the uh kind of the mothership fund or the the lead sponsors fund and by doing that you um you know it's you're in the in the you're not in the gray area anymore where it can kind of be um maybe not great from a compliance standpoint and the challenge as you mentioned though is it can be expensive maybe it's a little complicated to know how toell up and I'm not really a professional fund manager   how what do I know um but that's that's what you're doing now at triest and we've had Travis Smith on the podcast before so if you haven't listened to that episode um it's probably a year or so ago we'll put the put the link in the show notes because it's a um a great episode talking about tribe vest and what what you guys are doing really trying to from my perspective simplify the access and the kind of backend back office functions of um both for Passive investors and for fund managers to continue to increase   access to more to more deals so talk a little bit about kind of what you guys do at at tribe vest and to kind of help people um you know both from a passive standpoint that's want to direct the investors past investors that don't really want to do it as a business but then also kind of the new fund manager programs that you guys are putting together to help people that want to kind of activate their Network want to you know use this as a way to make money and um do it without having to be an expert in all the the backend side of   things absolutely at at Trio I'm the chief legal officer for tri best I help create the fun to fun product that we have out there right now it makes it simple TurnKey and affordable for anyone to really start a capital raising business um all those things that I mentioned before opening your business bank account um starting your LLC drafting your offering documents um getting your EIN onboarding your investors creating your cap table doing your distributions doing your taxes all those things you normally have to put   together and find different uh platforms and different people like attorneys and CPAs to help you out and put those put the the fund of fund together we do that we put it in a fund of fund we call it a fund of Fund in a box it's really a Lego block that you can use and invest in a deal like with Aspen if Aspen has a fund you can create your own fund you try best bring in your five or 10 uh best friends that want to put in some money you can carve out a piece for yourself so you actually get paid a fee a front   maybe you get paid a fee um during the uh hold period and then perhaps you get a percentage of the equity on the back end so it can be a very lucrative business for someone to get started and because triest makes it so easy to do it meaning put all these different services and things together for you it it really anyone can do it yeah that's so cool and we we've worked with you guys and have seen it in action and you know to say f Fund in a box sounds almost uh trite because it sounds like can you really do   that but it's it's cool because you guys have have solved it and and not only have you solved it but it's also pretty cost- effective right I think one of the big challenges with the fun of fund is generally you can invest if you kind of pull Capital together in a fund you can invest at better terms with a sponsor so you can have a little more margin that you can kind of get paid from and your investors still make the same returns um but if you have a lot of legal costs a lot of ongoing um kind of portal and   back office expenses and tax returns everything else then it gets kind of expensive and eats away at the margins that you know you're hoping to to use to pay yourself so you guys have kind of Crea a really streamlined um kind of off-the-shelf product that can fit majority of of offerings and make it pretty easy right that's right it gets really difficult to make it work that's again the fund of fund like we've talked about it's always been a solution it's just really expensive and really hard to put   it together um especially for someone that that isn't a professional Capital Riser um that just wants to put together $500,000 a million a million5 something like that it it it doesn't even make sense cost wise in the old way of doing it you're going to pay a Securities attorney minimum of like let's say 15,000 maybe 20 maybe $25,000 to put one of these together maybe even more I used to work at a big Law Firm where it cost $75,000 it's crazy the expenses that add up and that's just the legal piece that   doesn't include all the back office administration things that we talked about doesn't include um engaging with a CPA to do your taxes it doesn't include all those things that's just the legal cost by itself and tribe best has made it super inexpensive to be able to do this and to be able to do it time and time again so it works with a $500,000 raise it works with a million dollar raise you don't have to raise $20 million to make it work from an affordability standpoint yeah that makes sense so do   you guys also have like any kind of education or different coursework to help people that are you may want to make the transition of like yeah I think that that sounds like something I could do I my friends are always asking me what what I'm investing in and it wouldn't be that hard to go get five 10 friends to go and invest and create a fund and you know but they just don't they've never done it before they never thought about it till just now so right you guys have I know you're really more given the solution but do you also have   like any kind of education or do you have resources you guys can point people to to learn more about what does it look like to you know what what's what's the process you have to go through to um kind of go from idea to actual uh you know making a fund yeah yeah I'll tell you we don't have any formal legal or sorry formal educational things out there at the moment but we are working on that um but we have made it so simple that we can jump on a zoom call with anyone that that's in is potentially   interested in being a capital raiser and putting together a fund of fun and walk you through a pitch deck and it should be pretty clear what you need to do because we handle basically everything you you put together your investors you put together your terms and how you're going to get paid and then we'll be able to do kind of all that back office all that legal all those things that you don't want to know or don't want to do we handle all it yeah makes sense awesome well kind last question I just   love to get your insights on just the market in general for Alternatives and and private placements and you've obvious been in this space for over a decade and we've been in the space for about 11 years now as as an operator and it just feels I mean it's it's already been the amount of capital that's kind of come into kind of private Equity into real estate into private placements in eneral it's totally shifted the game but it also feels like we're still kind of early Innings right it still feels like   people are just discovering this for the first time and and even the conversation we're having of you know um activating people to raise Capital right in a compliant way that's just an easy way because you guys are creating a system that just reduces friction to continue to increase more Capital to come into the space like do you feel the same thing are you seen I know there's kind of some potential proposed regulation to you know increase the requirements for accreditation and you know there's   always a battle going back and forth on on that but what's kind of your sentiment just at a broader level of just the alternative kind of private placement space in over the next 10 years yeah I mean I'm I'm bullish right like we're we're kind of in a little bit of a lull right now um you'll hear that capital's a little bit harder to come by investors are holding on a little bit tighter um but that's because there's actually deals out there right now I mean said right now is actually a great time to invest right now is a great time   to invest because prices are are depressed a little bit um investors are a little bit reluctant to invest um there are less buyers in the market because a lot of them are getting kind of washed out um but there are some properties coming online through foreclosures through things like that this is where you know when you talk about during good times you're like oh man I cannot wait until there's blood in the streets and I'm going to pounce on it I'm want to pounce on those opportunities that time is right now it   it's not it's not you're you can be waiting on the sideline for years and you're gonna you're gonna miss it it's right now right now is the time to to figure out how to invest how to raise Capital how to do deals how to make them work because right now it's difficult to make them work that's that's the truth of it right now is the time to act and you're going in five years from now for instance you're going to look back to this time and say man I wish I would have got started because we're we're   we're going to be in the upswing again very soon totally no I was just uh I was a one of the guys I follow who's been in real estate for a long time he was talking and reminiscing about he bought uh I think he said three dozen single family homes between uh 2009 and 2011 right and he's held on to them since then and you know looking back he's like the only thing he wishes he did was buy more right because it's but at that point it was you know everything was on sale everyone was like real estate's over and it's it's so hard to   be contrarian I think it's Warren Buffet this said be uh you know fearful when everyone else is greedy and greedy when everyone else is fearful right it it's it's a simple idiom that makes sense but it's really hard to do and right now we're kind of in that that time where investors are reticent there's a lot of pressure on deals right now that's kind of creating a great buy opportunity you know we're seeing I know you're seeing it and uh you know I think I agree with you I think it's a great time to be to   be jumping in right now and uh Seth thanks so much for coming on man what's what's the best way for folks to get a hold of you and learn more about uh your law firm uh raise law and try vest if they want to learn more about what that looks like for sure uh the best place where I keep all my links is Seth Paul bradley.com um you'll have links to try best there links from my uh law firm and social media it's all posted on there okay we'll put that in the show notes and definitely appreciate you coming on   today set it awesome all right Ben appreciate it [Music] [Applause] [Music] man Links from the Show and Guest Info and Links https://www.youtube.com/watch?v=oiRq38II33s&t=1047s https://www.instagram.com/p/C5mNnwsv2fs/  https://aspenfunds.us/private-credit- https://www.investwithaspen.com/free-economic-report https://www.linkedin.com/in/benwfraser/ https://www.linkedin.com/company/aspen-funds/ https://www.instagram.com/aspenfunds/   Seth Bradley's Links: https://x.com/sethbradleyesq https://www.youtube.com/@sethbradleyesq www.facebook.com/sethbradleyesq https://www.threads.com/@sethbradleyesq https://www.instagram.com/sethbradleyesq/ https://www.linkedin.com/in/sethbradleyesq/ https://passiveincomeattorney.com/seth-bradley/ https://www.biggerpockets.com/users/sethbradleyesq https://medium.com/@sethbradleyesq https://www.tiktok.com/@sethbradleyesq?lang=en

The final budget reconciliation bill, signed into law July 4, includes tax provisions impacting businesses and individuals alike, offering new opportunities and challenges across various industries and sectors. In this episode, panelists discuss what made it into the final legislation and what actions businesses should consider going forward.

Send us a textFocus Scripture: Exodus 3:7-103 Distinct Phases of the Journey from Bondage to Promise:ExodusPromise Accepted (Exodus 4:29-31)Provisions and Potential are cut off (Exodus 5:6-9)Positioned (Set-apart) (Exodus 8:22-23)Partake of the Word (Exodus 12:24-28)WildernessThorough Concentration (Exodus 19:10-11)Total Dependency (God's Provision) (Exodus 16:2-5)Transformation by the Word (Spiritual development) (Romans 12:2)Promised LandRight Identity (Joshua 5:7-10;Exodus 19:4-6)Real Blessings (Joshua 1:7-9;Hebrews 11:8-10)Restoration (Jeremiah 30:3)The BIG DISCOVERYIdentify what part of the journey you are on from the message:ExodusWildernessPromise LandThis WEEK'S DEVELOPMENTExodus - Praise and worship in the midst of your situation and move when God saysWilderness - Be like Jesus who was tested for 40 days; use the Word and do not go back to old waysPromised Land - Walk in your God given identity and take hold of all the promises in God's WordThis WEEK'S DEPLOYMENTShare your testimony from Exodus, Wilderness and/or Promise Land with others!  Joins us on Sundays! Our 9:15am worship experience takes place in-person only while our 11:15am is both in-person and online (via the DLC App & YouTube). Connect with us! https://www.discoverlifega.org Instagram & Facebook @ discoverlifega

Posted on Spreaker Platform July 6, 2025Hi there Listeners!I am still around and I thank you for checking in. A few weeks ago My spine became over heated from my Hot car seat which caused me to suffered a serious M.S. episode that set me back a few years of painful steps. So, I am away from my desk a short while; while The Lord works His work on me through this season of challenge. What does James 1:2-4 say? Trials makes patience? I believe the Word! And Isaiah 41:10 God says He will strengthen me. I have faith that He will do so. I have seen and experienced His work, wonders and miracles and because He always keeps His promises. I hope to speak with you again very soon. In the meantime please tune into one or several of my other Sunday messages of faith, and The Lord's Supper.Thank you and May God also keep you in His perfect peace! Isa. 26:3. Always Joyful! Evangelist Laverna.Become a supporter of this podcast: https://www.spreaker.com/podcast/faith-of-a-mustard-seed-messages-of-faith-through-challenges--4257220/support.

To view the video of this message please click here. To view the Pastor's notes please click here.

In this weekend's episode, three segments from this past week's Washington Journal. First, a discussion about Medicaid provisions in the "One Big Beautiful Bill Act," with Paragon Health Institute's Ryan Long and Center for Economic and Policy Research's Brandon Novick. Then, Politico trade reporter Daniel Desrochers discusses President Trump pushing off another tariff deadline… Finally, Run For Something co-founder & President Amanda Litman discusses her group's effort to help elect young progressives to public office. Learn more about your ad choices. Visit megaphone.fm/adchoices

Following the enactment of the One Big Beautiful Bill Act, hear from ABA experts on how key ABA-supported provisions on tax policy, rural real estate and health savings accounts in the budget reconciliation law will affect banks. Experts also discuss what to expect next in terms of implementation. Resources Click here to download the episode if you can't see the player above. View a members-only staff analysis

In the SPECIAL EDITION episode, Andy summarizes the key provision of the recently signed into law One Big Beautiful Act that are most likely to impact you and your tax return. The topics summarized are:Permanency of the current federal tax ratesPermanency, and a slight increase, to the current standard deduction amountsA new temporary personal exemption up to $6,000 per person 65 or olderPermanency, and a slight increase, to the lifetime gift and estate size exemptionPermanency of the current Alternative Minimum Tax exclusion amount, but reduction/reversion of its income phase out levelsPermanency of the $750,000 limit on residential mortgage principal against which interest can be deductedPermanency of the elimination of miscellaneous itemized deductionsTemporary increase to $40,000 for State and Local Tax ("SALT") deductionsA new permanent charitable deduction for people who use the standard deductionA new minimum AGI-based floor on charitable donations before donations can be itemized deductionsA temporary exclusion from income tax of up to $25,000 tip incomeA temporary exclusion from income tax of up to $25,000 of overtime incomeA temporary deduction of up to $10,000 of interest loans to buy cars whose final assembly was in the U.S.Recissions of multiple "Green New Deal" tax credits such as electric vehicle credits and residential clean energy creditsCreation of new "Trump" savings accounts for children under 18And the bill having NO changes with regards to how Social Security is taxed (i.e. the bill did NOT make Social Security not taxable)Links in this episode:Final text of the One Big Beautiful Bill Act - hereMy written summary of the key individual income tax provisions of the One Big Beautiful Bill - hereTo send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.comMy company newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com

Thomas Manly, a certified financial planner with Hobbs Group Advisors, explains how a new law affects the catch-up provision for retirement plans.

SEND in the Experts with Georgina Durrant – Featuring Lisa Henshall on Inclusive Resource ProvisionsIn this insightful episode of SEND in the Experts, host Georgina Durrant, Twinkl's National Inclusion Lead, published author & former teacher/ SENDCO, welcomes the passionate and experienced Lisa Henshall to the podcast. Brought to you by Twinkl, this SEND podcast series is dedicated to supporting educators, parents, and professionals working with children and young people with Special Educational Needs and Disabilities (SEND). Whether you're on your daily commute or enjoying a quiet moment with a cup of tea, this episode offers valuable guidance and inspiration.Lisa Henshall shares her journey and deep-rooted passion for inclusive education, offering a wealth of knowledge on how to better support learners with SEND. The conversation dives into the government's push for greater inclusivity in mainstream schools and explores the growing role of resource provisions, specialist units within mainstream settings designed to meet the needs of some learner with SEND. Lisa explains what resource provisions are, how they function, and how and why they are a vital part of inclusive education.Listeners will also gain practical insights into how to ensure these provisions foster true inclusion, not just for the learners who access them, but for the entire school community. Lisa highlights the importance of collaboration, training, and thoughtful planning in creating inclusive environments that benefit all students.Plus, Lisa discusses her recent collaboration with Twinkl alongside colleagues Louise Lawrence and Sarah Camacho. Together, they developed a powerful new resource packed with top tips for setting up a successful resource provision which can be found here https://www.twinkl.co.uk/l/cxiobThis episode is a must-listen for school leaders, SENDCOs, and educators looking to make meaningful change.

Provisions for The Mission by Guy Cecil June 22nd, 2025 "Right Here, right Now" Series

The second provision solves a somewhat arcane HSA problem for individuals and families that have a special arrangement with their primary care doctor, known as a “direct primary care” arrangement.  Under these arrangements, people pay their doctor a monthly (or annual) fee instead of paying their doctor only when they are seen in person.  Today, DPC arrangements disqualify Americans from contributing to an HSA because the arrangements are incompatible with the current rules for eligibility to contribute to an HSA.  No longer, starting January 1, 2026.   By HSA Consulting Services; July 2025   To be sure, only three provisions passed the Congress today rather than ten provisions which passed the House six weeks ago.  Such is the “sausage making” process of writing laws.  However, the three provisions that did pass should have a big impact on millions more Americans and on how health care is financed in this country.  Here is a quick summary of these provisions.   RELATED INSIGHTS | PODCAST | JULY 2025 (LISTEN TO LATEST EPISODE ON THIS TOPIC)   Summary Opinions and First Glance POVs Note: "The law places a limit on DPC membership fees at $150 per month for individuals (or $300 for families). While this cap makes DPC more financially accessible to a broader audience, it also restricts providers' ability to charge for more comprehensive services that could reflect the quality and availability of care. This limit may dissuade some quality DPC practices from expanding their offerings, potentially leading to a lack of diversity in services; The law defines DPC coverage strictly as primary care services delivered by a primary care provider. However, services requiring general anesthesia, prescription medications (other than vaccines), and certain lab tests don't fall within this coverage. This limitation might lead to confusion and dissatisfaction among patients who expect a more comprehensive level of care." (Latest Episode on this topic)   "Only a small percentage of Health Savings Account owners will take advantage of this opportunity initially, but the number may grow in the future when HSA-qualified plan enrollees realize how cost certainty for primary care, a focus on maintaining health, and assistance in navigating other care based on price and quality dovetail with their financial and medical goals." ~B. Stuart, July 2025   READ MORE AT HSA CONSULTING SERVICES   SOURCE: HSA Consulting Services; July 2025; https://hsaconsultingservices.com/newsletter/a-big-beautiful-hsa-expansion   Disclaimers: THIS SITE AND ANY OTHER CMT MANAGED OR OWNED WEB PROPERTY by Concierge Medicine Today, LLC (herein CMT) DOES NOT OFFER MEDICAL, FINANCIAL, LEGAL, OR OTHER PROFESSIONAL ADVICE. ERRORS OR OMISSIONS MAY OCCUR ON THIS SITE. The content is primarily designed for general informational purposes, targeting a healthcare professional audience. Any references, links, or interviews should not be construed as endorsements. CMT is not responsible for errors, omissions, statements, conduct, or claims related to guest posts, op-eds, podcasts, press releases, sponsored job listings, or advertised opportunities. Typically, CMT will strive to remove job listings that are older than four months, but this is not guaranteed. Always consult with reliable advisors before acting on the information you find here. By using our web properties, content, events, etc., in whole or in part, you agree to comply with the Terms and Conditions and Privacy Policy found here, releasing Concierge Medicine Today, LLC (CMT) from all liability. Additional terms may be applicable. CMT retains the right to remove any content, images, interviews, graphics, job listings, and similar materials at its discretion at any time, without notice and without liability. Thank you.

God's purpose for man is to praise him for His provisions and honor His parameters.

SHORT BLOG BECAUSE ROCKIES EAT THE SHOW AT 12:30 And I'm off tomorrow and Monday so we're talking Independence Day and the Not-So Big Beautiful Bill today.OF COURSE THE BILL IS GOING TO PASS What did I say yesterday about the fake drama about the Big Beautiful Bill? I told you that there would be a good show of some of the members of the House who said this was a garbage bill and the Senate made it worse before they voted to move it along. And that is EXACTLY what happened. A seven hour procedural vote that cleared the deck for the bill to pass today, so everyone in the House can go home and talk about what a hard battle they fought but this is just how things work in Washington and gosh they wish it was different. So predictable. The bill should pass this morning. I have mixed feelings about this. I'm glad the tax cuts are permanent because if taxes had jumped right now it would crush people who are already being crushed by inflation's impact. But this bill just moves us closer to insolvency. I hope beyond all hope I'm wrong. Please let me be wrong.WHAT'S WRONG WITH THE BILL? Well I've gathered up some stuff from people who think this bill is horrible and why. Here the Committee for a Responsible Federal Government shows how this bill is the biggest budget buster of ALL TIME. This column points out that the bill does nothing to deal with the crisis looming for Social Security and Medicare and even speeds up Social Security's demise. This column talks about the death of regular order, which will absolutely come back to bite the GOP again the next time the Democrats have a slim majority and big ideas, although that column does the best job of giving ALL the pros and cons and is worth a full read. This part on why they are using a reconciliation process instead of doing it the way it should be done is really good:The bill's secret weapon is something called budget reconciliation—a special process that allows legislation affecting federal spending, revenues, or debt to pass the Senate with just 51 votes instead of the usual 60. This procedural advantage was established by the Congressional Budget and Impoundment Control Act of 1974 to streamline budget decisions. But it's become the preferred method for passing major partisan legislation when one party controls Congress by narrow margins. Reconciliation was originally designed to ensure that Congress could implement budget resolutions by reconciling actual spending and revenue legislation with overall fiscal targets. The idea was to prevent individual appropriations or tax bills from undermining broader budget agreements. Over time, creative lawmakers discovered they could use reconciliation for much more ambitious purposes. Any provision that affects federal spending, revenues, or debt levels can potentially qualify for the expedited process. The current bill qualifies because virtually every provision either raises or lowers taxes, increases or decreases spending, or affects government debt levels. Tax cuts reduce revenues. Healthcare changes affect Medicaid spending. Even seemingly unrelated provisions can be crafted to meet reconciliation requirements. Reconciliation comes with strict limits enforced by the Senate Parliamentarian under rules known as the “Byrd Rule,” named after former Senator Robert Byrd. Provisions must have more than incidental budgetary effects, can't increase deficits beyond the budget window, and must relate primarily to budgetary rather than policy matters. These constraints force bill drafters to be creative about how they structure policies to qualify for fast-track treatment. Sometimes this leads to awkward compromises or sunset clauses that make policies temporary when sponsors want them to be permanent. The time limits built into reconciliation—typically 20 hours of Senate debate—compress normal legislative processes that might otherwise take months into just a few days of intense activity. This speed prevents the kind of detailed examination that complex legislation normally requires.

Summary In this episode of Armed American Radio, host Mark Walters discusses various topics related to gun rights, the National Firearms Act, and the political landscape surrounding these issues. He engages with Arizona State Representative Kwong Nguyen, expressing frustrations over the Senate parliamentarian's decisions and the challenges faced by gun owners. The conversation emphasizes the importance of advocacy, the role of organizations like the NRA, and the need for active engagement from the public to influence legislation. The episode concludes with a call to action for listeners to support their rights and stay informed. Takeaways The National Firearms Act remains a contentious issue. Frustration exists over the Senate parliamentarian's influence. Advocacy and engagement are crucial for gun rights. The NRA plays a significant role in the fight for gun rights. Political dynamics often complicate legislative efforts. Gun owners must remain vigilant and proactive. Understanding the Second Amendment is essential for advocacy. The importance of grassroots movements cannot be overstated. Calls to action can make a difference in legislation. Engagement with representatives is necessary for change. Keywords gun rights, National Firearms Act, NRA, Second Amendment, political advocacy, Kwong Nguyen, Mark Walters, Arizona politics, gun ownership, legislative process  

President Trump's sweeping new tax and spending bill just cleared the Senate—and it's packed with major changes for workers, investors, and real estate pros. In today's episode, we break down everything you need to know: from tax-free tips and new child credits to deep Medicaid cuts, EV credit rollbacks, and a SALT cap boost for high-tax states. We'll also unpack how this bill reshapes business deductions, renewables, and housing market incentives. Learn more about your ad choices. Visit megaphone.fm/adchoices

Provisions in the GOP policy bill would end a host of tax credits for renewable energy, including one that allows homeowners to recoup 30 percent of the cost of a rooftop solar system. Businesses say it could deal a serious blow to the industry. Geoff Bennett discusses the potential with Dan Conant of Solar Holler, a solar installation company in West Virginia, for our series, Tipping Point. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Provisions in the GOP policy bill would end a host of tax credits for renewable energy, including one that allows homeowners to recoup 30 percent of the cost of a rooftop solar system. Businesses say it could deal a serious blow to the industry. Geoff Bennett discusses the potential with Dan Conant of Solar Holler, a solar installation company in West Virginia, for our series, Tipping Point. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Provisions in the GOP policy bill would end a host of tax credits for renewable energy, including one that allows homeowners to recoup 30 percent of the cost of a rooftop solar system. Businesses say it could deal a serious blow to the industry. Geoff Bennett discusses the potential with Dan Conant of Solar Holler, a solar installation company in West Virginia, for our series, Tipping Point. PBS News is supported by - https://www.pbs.org/newshour/about/funders

According to the Deseret News, The Senate parliamentarian nixed a number of proposals Republican lawmakers hoped would help pay for more than $4.5 trillion in tax cuts. Greg and Holly discuss.

Comprehensive coverage of the day's news with a focus on war and peace; social, environmental and economic justice. photo: Ted Eytan Health advocates protest plans to move SF General Hospital behavioral patients to new locked unit California resisting Trump administration deadline to change policies on transgender girls in high school sports Agriculture activists say Big Beautiful Bill would give billions to big agribusiness, harm small farmers Trump boosts Big Beautiful Bill after Senate parliamentarian rules out key provisions Trump says USA will save Bibi, as he calls for cancellation of Israeli PM Netanyahu's corruption trial Trump smart phone no longer advertises “made in America”, now with “American values in mind” and “with American hands behind every device” The post Trump demands change to CA policies on transgender girls in school sports; Senate parliamentarian rules out key provisions of “Big Beautiful Bill” – June 26, 2025 appeared first on KPFA.

Join us for an inspiring conversation with Nate Siegel, a driving force behind some of Tampa Bay's most beloved hospitality ventures. As co-founder of Willa's and Willa's Provisions in North Hyde Park and Cheeky's in St. Pete, Nate has become a pillar of the local food scene.But his journey to success wasn't exactly linear. From interning with the Tampa Bay Buccaneers to working in media and leading hospitality operations in New York, Nate's career has been full of unexpected turns. Now back in Tampa, he's focused on building community-loved spaces that feel like home.If you're curious about brand-building, creating neighborhood staples, and the grit it takes to bring these visions to life, this episode is for you. Don't miss it!Willa's Tampa: https://www.instagram.com/willalovestampa/Willa's Provisions: https://www.instagram.com/willasprovisions/Cheeky's: https://www.instagram.com/cheekys_net/

Send us a text!Dan, Brian, and Eric discuss the recent NCP conference, including what they learned from a host of great speakers, including Andrew Isker, Joel Webbon, and Stephen Wolfe. We break down the New Christian Right, as well as the first annual New Christendom Games. Did you know supporters of the show get ad-free video and audio episodes delivered early and access to our patron exclusive shows The Deus Vault and After Hours?https://www.patreon.com/thekingshallAre you a business owner looking to strengthen your cyber security? Armored Haven is here to help you.https://www.armoredhaven.com/Talk to Joe Garrisi about managing your wealth with Backwards Planning Financial.https://backwardsplanningfinancial.com/This episode is brought to you by Mt Athos. Sustainably sourced goat dairy protein and other performance products. Listeners of the show get a 20% discount site-wide with code "NCP20".https://athosperform.com/Visit KeepwisePartners.com or call Derrick Taylor at 781-680-8000 to schedule a free consultation.https://keepwise.partners/Looking for a reformed design partner? Check out LivingStones Studios.https://livingstones.studio/Looking for that perfect cigar tray? Check out Rooted Pines Homestead hand crafted cigar tray: https://www.rootedpineshomestead.com/product-page/cigar-trayThis episode is also sponsored by Stonecrop Wealth Advisors! Go to this link to check out their special offers to King's Hall listeners today.https://stonecropadvisors.com/kingshallVisit Muzzle-Loaders.com and get 10% off your first order when you use the coupon code KINGSHALL at checkout.https://muzzle-loaders.com/Check out the Farmer Bill's Provisions's products. Click the link below to claim 20% off.https://farmerbillsprovisions.com/discount/KINGSSupport the show:https://www.patreon.com/thekingshall

Send us a text!In this episode, we talk with Will Tanner about the history of Rhodesia, including its rise and tragic fall under the leadership of Ian Smith. He was a great man but he could not stop the globalist democratic egalitarian onslaught that was hellbent on destroying a country that was "more British than the British." But why was it so? Why did the West, including men like Jimmy Carter, want Rhodesia turned into a hellscape? We'll discuss it in this episode. Brian and Eric also talk about why Rhodesia's story is so important to understand regarding cultural forces now affecting the U.S. Can the same things happen here? Is the downfall of the West inevitable? How can it be stopped? Did you know supporters of the show get ad-free video and audio episodes delivered early and access to our patron exclusive show The Deus Vault?https://www.patreon.com/thekingshallAre you a business owner looking to strengthen your cyber security? Armored Haven is here to help you.https://www.armoredhaven.com/Check out the Farmer Bill's Provisions's products. Click the link below to claim 20% off.https://farmerbillsprovisions.com/discount/KINGSVisit KeepwisePartners.com or call Derrick Taylor at 781-680-8000 to schedule a free consultation.https://keepwise.partners/This episode is also sponsored by Stonecrop Wealth Advisors! Go to this link to check out their special offers to King's Hall listeners today.https://stonecropadvisors.com/hauntedcosmosLooking for a reformed design partner? Check out LivingStones Studios.https://livingstones.studio/Looking for that perfect cigar tray? Check out Rooted Pines Homestead hand crafted cigar tray: https://www.rootedpineshomestead.com/product-page/cigar-trayThis episode is sponsored by New Dominion Design Co. Visit their website to learn more about their custom design services.http://newdominiondesignco.com/Talk to Joe Garrisi about managing your wealth with Backwards Planning Financial.https://backwardsplanningfinancial.com/Visit Muzzle-Loaders.com and get 10% off your first order when you use the coupon code KINGSHALL at checkout.https://muzzle-loaders.com/Support the show:https://www.patreon.com/thekingshall

On this episode, The Washington Post's Libby Casey, Rhonda Colvin and James Hohmann break down some of the most controversial provisions in Republicans' giant spending and immigration bill: Provisions that would affect Medicare and the Affordable Care Act.While the bill has already passed the GOP-controlled House, it might have a tougher time getting through the Senate, where some Republican senators have already expressed doubts – like Sen. Josh Hawley (R-Ark.), who has said it is “wrong to cut Medicaid for the working poor.”Plus, Sen. Joni Ernst (R-Iowa) told a town hall last week that "we all are going to die," then doubled down in an Instagram video on Saturday. Is that a politically risky move – or just what Trump would do?