Podcast appearances and mentions of Ray Dalio

Emmanuel Macron. Demis Hassabis. Volodymyr Zelenskiy. George Soros. Mark Carney. Christine Lagarde. Ray Dalio. Leena Nair.  Few journalists have spent more time questioning the people who shape the global economy than Francine Lacqua. As Editor-at-large at Bloomberg and host of Leaders with Francine Lacqua on Bloomberg TV, Lacqua has interviewed many of the most influential political and business leaders of our time. Across hundreds of conversations with presidents, CEOs, central bankers and founders she has built a rare understanding of how leadership operates at the highest levels of power.  In June 2026, Lacqua joined us live on stage for a special instalment of The Intelligence Squared Economic Outlook, our flagship series examining the forces shaping global markets, politics and business. In conversation with BBC broadcaster Jonny Dymond, she reflected on the leaders she has encountered throughout her career – and the defining decisions they faced during moments of economic uncertainty, geopolitical tension and technological change. What distinguishes leaders who succeed in turbulent times? How do the best decision-makers balance political pressure, economic risk and long-term strategy? And what kinds of leaders does today's increasingly volatile world demand? This recording is part of The Intelligence Squared Economic Outlook series of events made in partnership with Guinness Global Investors, an independent British fund manager that helps both individuals and institutions harness the future drivers of growth to achieve their investment goals. To find out more visit: https://www.guinnessgi.com/ --------- This is the first instalment of a two-part episode. If you'd like to become a Member and get access to all our full ad free conversations, plus all of our Members-only content, just visit intelligencesquared.com/membership to find out more. For £4.99 per month you'll also receive: - Full-length and ad-free Intelligence Squared episodes, wherever you get your podcasts - Bonus Intelligence Squared podcasts, curated feeds and members exclusive series - 15% discount on livestreams and in-person tickets for all Intelligence Squared events  ...  Or Subscribe on Apple for £4.99: - Full-length and ad-free Intelligence Squared podcasts - Bonus Intelligence Squared podcasts, curated feeds and members exclusive series … Already a subscriber? Thank you for supporting our mission to foster honest debate and compelling conversations! Visit intelligencesquared.com to explore all your benefits including ad-free podcasts, exclusive bonus content and early access. … Subscribe to our newsletter here to hear about our latest events, discounts and much more. https://www.intelligencesquared.com/newsletter-signup/ Learn more about your ad choices. Visit podcastchoices.com/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices

On episode 227 of Ask The Compound, Ben Carlson, Duncan Hill and Bill Sweet discuss: staying in shape while raising young kids and balancing family life, using Married Filing Separately to maximize PSLF benefits, whether pausing investing to start a business is a smart move, how aging demographics could impact stock market returns, retirement planning with no property taxes and low-cost healthcare on tribal land, whether investors should pay attention to Ray Dalio's latest views and more! Submit your Ask The Compound questions to askthecompoundshow@gmail.com! This episode is sponsored by Public. Learn more at https://public.com/ATC Subscribe to The Compound Newsletter for all the latest Compound content, live event announcements, find out who the next TCAF guest is, get updates on the latest merch drops, and more! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.thecompoundnews.com/subscribe⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

In this episode we answer emails from Peter, Alejandro, and Anderson.  We discuss retiring early and related family, work and community considerations, various portfolio and tax considerations and gambling problems, AI-driven portfolio tweaking, when simplicity applies, and share a fast way to summarize old episodes with NotebookLM.   And reference our Top of the T-shirt Campaign (Part Deux!) for the Father McKenna Center.Links:  Father McKenna Center Donation Page (please mention Risk Parity Radio in the comment section with your donation):  Donate - Father McKenna CenterNotebookLM Summary of Chad's Question from Episode 478 -- "Mastering Portfolio Distributions":  NotebookLM - Portfolio Distribution MechanicsBreathless Unedited AI-Bot Summary:Quitting a high-paying job sounds like a math problem until you try living inside the decision. We hear from a 37-year-old parent with $1.3 million invested, a paid-off home, and a growing sense that learning about early retirement has made work feel unbearable. We walk through what those numbers actually support, why a 5% withdrawal rate can look fine on a spreadsheet but feel risky for a young family, and why expenses often rise as kids move toward the teen years and college. Our goal is to replace vague fear with concrete planning and a bigger, more realistic buffer.From there we get tactical: how to think about asset allocation as one unified portfolio across taxable and retirement accounts, how tax efficiency should influence what goes where, and what options exist for accessing retirement money earlier than 59.5. We dig into Roth conversion timing, and we clear up a major misconception about 72(t) distributions by explaining how splitting IRAs can make the tool far more flexible than people assume.Then we zoom out to portfolio construction. We explain why many formal “risk parity” or Ray Dalio all-weather style proposals end up bond-heavy, why that design often expects leverage, and why our retirement-oriented approach favors diversified building blocks like equities, Treasury bonds as recession insurance, gold, and managed futures. We also answer two more emails: one on using Google NotebookLM to generate a visual summary of rebalancing, and another on leveraged ETFs, AI recommendations, and moving-average trading rules, including why complexity can create tax headaches and ugly drawdowns.If you got value from this, subscribe, share the show with a friend who is rebuilding their plan, and leave a review so more DIY investors can find Risk Parity Radio.Support the show

Many leaders have years of experience and very little self-knowledge to show for it because they've never stopped to process their experiences. In this episode, James Rule makes the case for journaling as a serious leadership discipline. The practice that builds self-awareness, sharpens decision-making, and gives leaders the one thing they almost never create, space to think.KEY TAKEAWAYSWhy experience without reflection is just repetitionThe specific loneliness of senior leadership and why honest self-examination becomes harder the higher you goJames's personal story. What collapsing with pneumonia taught him about the cost of not reflectingThree things journaling actually does for leaders at a senior levelMarcus Aurelius, Ray Dalio, and why the most effective leaders in history all did the inner workThree questions, five minutes the entry point that removes every excuseRELATED EPISODES FROM THE ARCHIVEEpisode 15 covers the practical mechanics of journaling, how to start, what formats work, and how to build the habit. This episode is the deeper argument for why it matters at a senior level: self-awareness, decision quality, and managing the weight that comes with leading at the top. The two episodes are complementary. If you haven't heard Episode 15, it's worth going back to it after this one on the link below.Episode 15 - The Power of Utilising a Journal (practical mechanics and habit building)Episode 93 - Inside The Lonely Leader: My story, my philosophy my purpose Episode 110 - My enough is enough moment and how it changed me as a leader ENJOYED THE EPISODE?James works with senior leaders, CEOs, and founders who want to perform at the highest level without losing what matters most in the process. If this conversation has prompted something for you professionally or personally James would genuinely love to hear from you.You can reach him directly via LinkedIn or through the website below. Everything shared is in complete confidence.If this resonated, the single most valuable thing you can do is share it with one person who needs to hear it, a leader you know who is carrying this quietly, a colleague who is building something significant and paying a price at home they haven't fully examined yet.A five-star review on your podcast app also makes an enormous difference in helping this podcast reach the leaders who need it most. It takes thirty seconds and it matters more than you know.ABOUT THE HOST James is an experienced mentor, coach and thought leader who works with a range of clients from FTSE 100 companies, SME´s the NHS and wider public and not for profit sectors.His twenty year career in elite sport initially as a professional rugby player but predominantly as a chief executive has given him an invaluable insight in managing the success, failures and pressures associated with leadership at the highest level.As a high performance coach James specialises in enhancing resilience and leadership development. He is a passionate advocate of the notion that to find lasting fulfilment we need to take a holistic view of high performance. CONNECT & CONTACT www.thelonelyleader.co.ukThe Lonely Leader's LinkedIn James' LinkedInInstagramhello@thelonelyleader.co.uk THIS SHOW WAS BROUGHT TO YOU BY LONELY LEADER MEDIA NEWSLETTERSign Up to The Leadership Accelerator Newsletter for advice, inspiration and ideas, you'll also receive James' Top 10 Tips for Combating Your Fear of Public Speaking. Hosted on Acast. See acast.com/privacy for more information.

In this episode of Financial Clarity for Doctors, hosts Corey Janoff and Rachelle Vanderzanden talk through some stock market noise.  It's hard to know when to listen to headlines and what information to heed.  What we listen to as investors and what the movers and shakers listen to may be very different. Discussion in this episode include: The focus of retail investors, including local news, conflicts, prices close to home, and talking heads like Ray Dalio. For individual investors, it's hard to look past the noise to see if the fundamentals are sound for investing. The focus of institutional investors including earnings/profits, interest rates, and taxes. Generally, if companies are making money, big investors are happy to hold stock in those companies despite other happenings in the world. Our expectation of how the stock market will perform and how it does perform are often very different. As always, focus on your long-term strategy!  Trying to use information in the short-term to make decisions about your long-term investments can often be counterproductive.  You can end up selling due to fear and then missing out on gains.  No ones wants that! For more financial planning tips from Corey and Rachelle, find them on social media! LinkedIn: @CoreyJanoff; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP Discussions in this show should not be construed as specific recommendations or investment advice. Always consult with your investment professional before making important investment decisions. Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC.  Finity Group, LLC is a separate entity from LPL Financial.  Citations: Dalio, Ray.  New York Times. A Legendary Investor on How to Prevent America's Coming ‘Heart Attack'. Published May 7, 2026. Earnings reports pulled from Google AI Overview.

Seit 30 Jahren macht der Hamburger HAC fast alles anders als viele Vermögensverwalter – und ist damit erfolgreich. Gründer Michael Arpe und Vorstand Tobias Gabriel erklären, warum ihr Haus bewusst auf Prognosen verzichtet, was es mit dem „Allwetter"-Portfolio auf sich hat und warum der beste Profi laut HAC dasselbe Gehirn hat wie jeder Hobby-Anleger. Es geht um Behavioral Finance und die eigene Demut, um einen Generationenübergang, der wirklich funktioniert, um das Gegenprogramm zu Robo-Advisorn mit echten Menschen am Telefon – und um die vielleicht wichtigste Frage: Wie investiert man eigentlich entspannt? Ein Gespräch über Hanseatentum, Ray Dalio, die Angst vor dem nächsten langen Crash und die Erkenntnis, dass das meiste in der Wirtschaftspresse nach 14 Tagen nur noch Rauschen ist.

India Market Risks and New Opportunities Explained on The Core Report Weekend Edition with Govindraj Ethiraj explores how Indian markets, global uncertainty and economic disruption are shaping investors, businesses and professionals.As market volatility rises, India faces faster economic cycles, geopolitical risk, AI disruption, supply chain shifts, defence spending, climate change, global investing and changing investor behaviour. In this episode, Financial Journalist Govindraj Ethiraj leads a sharp conversation with Radhika Gupta of Edelweiss Mutual Fund and Navneet Munot of HDFC AMC on how India can navigate market risk and find new opportunities in a world where old assumptions may no longer work.The discussion explores why diversification matters, why Indian investors may need to think beyond traditional equity and debt, and how global markets, US technology, China, emerging markets and India's growth story are changing the way capital moves.Radhika Gupta explains why resilient portfolios matter more than chasing market noise, while Navneet Munot breaks down why uncertainty, momentum and economic disruption are now central to understanding financial markets.This is not a conversation about quick stock tips or easy investing hacks. It is about the bigger forces behind business, investing, macroeconomics, AI, manufacturing, defence, financial services, global markets and India's long term economic future.CHAPTERS:(00:00) Introduction(07:20) Building Portfolios That Can Survive(13:40) Navigating An Unpredictable, Faster & Questionable World(23:00) How The World And Investments Have Changed(26:37) How Portfolio Construction Has Changed Over the Last Decade(31:33) Building an Asset Management Business for a Changing Market(32:30) Global Investing and International Funds(36:20) Is Diversification The Need Of The Hour? (40:05) Why Market Leadership Always Changes(43:08) The Case for the US, China & Emerging Markets(47:45) Ray Dalio's Debt Cycle, Risks Investors Are Ignoring (54:26) Financials, Power, Defence & Market Leaders(58:40) What an 18-Year-Old Should Do With Their Money(1:01:44) Invest in Yourself Before Investing in MarketsWatch this episode if you follow Indian markets, business news, mutual funds, wealth management, consulting, financial services, global economy, technology trends, AI disruption, manufacturing growth or India's investment landscape.#IndiaMarkets #BusinessNews #IndianEconomy #Investing #TheCoreReport #TheCore

#OFFRECORD เตือน! Ray Dalio ระวังฟองสบู่ AI | OFF THE RECORD Ep.284⁣⁣โดย อิก บรรพต ธนาเพิ่มสุข ที่ปรึกษาการเงิน AFPTtm⁣⁣ติดตามความรู้และอัพเดต TAM-EIG_ลงทุนนอก ต้องออกไปให้รู้⁣https://links.tam-eig.com/LineOpenchat_Offshores1 ⁣⁣*วิเคราะห์วันที่ 04 มิ.ย. 69⁣⁣==========⁣⁣

Dans ce troisième épisode, nous élargissons toujours plus notre sagesse avec les grands comme: Ray Dalio, Charlie Munger, Albert Einstein, John Maynard Keynes et plusieurs autres…Apprenez à concilier agressivité et prudence, à bien planifier vos entrées et vos plans de sortie; à prendre de meilleures décisions. ------------------------------------------------------DIVULGATION DE RISQUE La négociation d'actions, Forex ou tout autre produit financier comporte un niveau de risque élevé et peut ne pas convenir à tous les investisseurs. Les performances passées ne représentent pas les résultats futurs. Le degré élevé d'effet de levier peut être profitable et aussi vous nuire. Avant de décider d'investir, vous devez examiner attentivement vos objectifs d'investissement, votre niveau d'expérience et votre appétit pour le risque.  La possibilité existe que vous puissiez subir une perte de tout ou d'une partie importante de votre investissement initial et donc vous ne devriez pas investir de l'argent que vous ne pouvez pas vous permettre de perdre. Vous devez être conscient de tous les risques associés aux opérations boursières et demander un avis à un conseiller financier indépendant si vous avez des doutes.   Le contenu de ce podcast est à titre informatif et éducatif seulement et n'est pas et ne doit pas être interprété comme un conseil professionnel, financier, d'investissement, fiscal ou juridique. D*TRADING ne peut être retenu responsable de pertes financières dues aux décisions personnelles du client.  #bourse #investissement #trading #finance #argent #investir #libertefinanciere #investisseur #trader #actions #business #stockmarket #motivation #bitcoin #independancefinanciere #stocks #forex #titre #epargne #formation #formationboursiere #marchesfinanciers #daytrading #swingtrading #tradingview #investissementlongterme #apprendre #Patrick Gaulin #François Joly-Dubois #Michel VillaHébergé par Ausha. Visitez ausha.co/politique-de-confidentialite pour plus d'informations.

4/6 Rally in pausa, scende il petrolio sulla tregua Israele-Libano. Trump: tenere separate negoziazioni da Libano. Per negoziati serviranno ancora due/tre settimane. Ray Dalio: è una bolla. Ma il rally iperbolico di chip e memory continua: ecco perchè. Treasury e dollaro stabili, domani Non Farm Payrolls. Broadcom -20% pre-market, deludono guidance su ricavi chip. Crowdstrike -11%. Bitcoin sotto 64.000$ per Citi vendita Strategy non è “game changer” *** Questo episodio è offerto da Scalable Capital  Investire comporta rischi Interesse p.a. lordo variabile su liquidità illimitata. Condizioni e distribuzione della liquidità su scalable.capital/conto-deposito-non-vincolato*** Asia listini in rosso con Tech. Nikkei -1% con Softbank -10% (timori su debito), In rosso anche Kospi. Ueda (BOJ) valutare pro e contro rialzi. $/Yen torna a 160 dopo i 73mld dollari di intervento. In Europa futures in rosso, parla Lagarde. La flessibilità condizionale della Commissione e il piano di sovranità Tech. Focus su Unicredit dopo che Commerzbank chiama in causa Bafin. Focus su Edizione, Delfin, Nexi.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Bridgewater Associates Founder Ray Dalio says the debt burden has passed a "point of no return." He discusses the state of the bond market, the role of the US in the Iran War, and a weaker dollar driving the demand for gold. Dalio speaks with Bloomberg's Dani Burger at the Forbes Iconoclast Summit.See omnystudio.com/listener for privacy information.

„Hedgefonds-Manager Ray Dalio sagt den USA eine Finanzkrise voraus", das titelte der Spiegel in einem Beitrag am 02.09.2025. Warnungen von Starinvestoren werden von Privatanlegern oft falsch eingeschätzt und es werden die falschen Schlussfolgerungen gezogen. Jeden Sonntag mehr Geldbildung direkt in Dein E-Mail-Postfach. Seit 2014. Schließe Dich über 10.000 cleveren Geldbildern an: Jetzt Teil der sonntäglichen Community werden Werde Teil des ICs von Geldbildung, hole Dir Geldbildung als Sparringspartner an Deine Seite und lerne regelmäßig spannende Investment-Cases kennen: Jetzt Mitglied werden Hinweis: die in dieser Podcast Folge genannten Informationen sind zu keinem Zeitpunkt als Anlageempfehlung zu verstehen.

In this episode of the Grow A Small Business Podcast host Troy Trewin interviews Chris Van Dusen from Solyco Capital shares his journey from being unexpectedly laid off in 2009 to building and selling three successful businesses. He reveals how he scaled a CBD company to over 120 employees, navigated the pressures of rapid growth and business exits, and now helps deploy more than $400M in investments through Solico Capital. Chris also breaks down the importance of consistency, leadership, culture, and having enough capital to survive tough business phases. The conversation is packed with real-world lessons on entrepreneurship, resilience, AI, scaling teams, and preparing a company for acquisition.  Why would you wait any longer to start living the lifestyle you signed up for? Balance your health, wealth, relationships and business growth. And focus your time and energy and make the most of this year. Let's get into it by clicking here. Troy delves into our guest's startup journey, their perception of success, industry reconsideration, and the pivotal stress point during business expansion. They discuss the joys of small business growth, vital entrepreneurial habits, and strategies for team building, encompassing wins, blunders, and invaluable advice. And a snapshot of the final five Grow A Small Business Questions: What do you think is the hardest thing in growing a small business? Chris Van Dusen shares that the hardest thing in growing a small business is maintaining consistent output while managing capital wisely, as many business owners underestimate how much funding and sustained effort it truly takes to keep a business growing long term. What's your favorite business book that has helped you the most? Chris Van Dusen shares that some of the business books that have helped him the most are Principles by Ray Dalio, Never Split the Difference by Chris Voss, and Loonshots, which helped him think differently about innovation, negotiation, and finding asymmetrical opportunities in business. Are there any great podcasts or online learning resources you'd recommend to help grow a small business? Chris Van Dusen recommends listening to podcasts like The Diary of a CEO for valuable business insights and leadership perspectives. He also shares that platforms like TikTok can be surprisingly useful for discovering short clips from business podcasts, helping entrepreneurs find new ideas, guests, and strategies before diving deeper into full episodes and long-form learning content. What tool or resource would you recommend to grow a small business? Chris Van Dusen recommends using Anthropic's Claude and other AI tools to help grow a small business, explaining that AI can act like additional team members by improving efficiency, automating repetitive tasks, analyzing customer data, and helping business owners make faster and smarter operational decisions. What advice would you give yourself on day one of starting out in business? Chris Van Dusen advises that if he could go back to day one of starting out in business, he would tell himself to embrace the hardship, lean into difficult challenges instead of avoiding them, and trust that the tough moments are part of the journey that ultimately leads to growth and success. Book a 20-minute Growth Chat with Troy Trewin to see if you qualify for our upcoming course. Don't miss out on this opportunity to take your small business to new heights! Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey.     Quotable quotes from our special Grow A Small Business podcast guest: Never underestimate how much capital it's going to take to get you where you need to go – Chris Van Dusen Find asymmetrical areas of growth – don't compete just like everyone else does – Chris Van Dusen Money doesn't buy you happiness, it buys you freedom – Chris Van Dusen       

In Episode 30 of The ₿roadcast, Bram Kanstein, Brian Cubellis, and special guest Liam Nelson break down the most important Bitcoin and macro developments from the past few weeks.00:00 - Intro & Welcoming Liam Nelson00:43 - Ray Dalio's Bitcoin Pushback11:28 - Mubadala's $600M IBIT Position & The Sovereign Bid18:34 - Draghi's Charlemagne Prize & The Euro's Collapse25:30 - Gemini's Fumble & The Everything Exchange Pivot31:55 - Menger, Asymmetry & Why Adoption Is Uneven45:07 - Gold's Underweight & The Debasement Regime1:05:09 - The Bond Market Is Breaking In Real Time1:09:13 - Early Riders Leads Onramp's Series A1:15:50 - The Golden Age Of GriftingThe ₿roadcast: Bitcoin culture meets Business & Finance. We catch up LIVE on news, tweets, videos, charts, trends, and other Bitcoin related content that stood out to us in the past two weeks ⚡️ Published on Saturday at 9AM EST / 3PM CET.

In this episode of Token Narratives, Graham Stone and Alex Richardson break down two of the biggest crypto stories right now: Circle's new blockchain and token launch, and the high-stakes Clarity Act markup in the US Senate.They start with the market backdrop: Bitcoin losing $80K support, debate over whether this is just another relief rally, and the growing split between bullish and bearish macro takes. The conversation covers Dave the Wave, Benjamin Cowen, long-term holder stress, and why this cycle may still be young even if the drawdown has felt relatively mild.The episode then dives deep into Circle's ARK chain and token. Graham and Alex unpack what ARK is supposed to do, why Circle is building a stablecoin-native financial chain, how the token is structured, and whether this is a real infrastructure play or just another corporate token money grab. They also debate whether Circle's positioning, partners, and regulatory tailwinds give it a serious shot at becoming a major on-chain financial layer.Finally, they get into the Clarity Act markup: what the bill does, why the banking lobby is panicking about stablecoin yield, why developer protections matter so much, and how this legislation could shape the next phase of crypto regulation in the US. It's a wide-ranging conversation on Bitcoin, stablecoins, RWAs, policy, and the narratives that could define the next cycle.00:55 - Welcome to Token Narratives Episode 10101:29 - Market Overview and Analysis02:59 - CPI and Consumer Sentiment03:57 - Geopolitical Impacts on Markets04:28 - Bitcoin Market Analysis05:34 - Long-term Market Predictions06:59 - Ray Dalio's Bitcoin Analysis08:18 - Discussion on Stablecoins and Yields10:18 - Introduction to Circle's New Token, ARK13:16 - ARK Token Analysis16:58 - Future of Circle's Blockchain20:11 - Discussion on Token Utility25:19 - Conclusion on Circle's Strategy26:30 - Clarity Act Markup Discussion37:21 - Closing Remarks

ข้อความโพสต์จาก Ray Dalio ได้เขียนข้อความไว้ว่า "ทักษะในการร่วมมือจะสร้างให้ความสัมพันธ์ ชนะ-ชนะ ไปพร้อมกันทั้งคู่ มันจะช่วยให้จัดการพลังงานไปในทางที่ถูกและเพิ่มผลตอบแทนมวลรวม พร้อมกับลดความเจ็บปวดจากปัญหาที่เผชิญ เมื่อเราจำเป็นต้องจัดการกับผู้คนในองค์กรก็ตามแต่ การมองเห็นสายตาเดียวกับคนตรงข้ามเราอย่างกระจ่างแจ้ง จะช่วยให้อะไร ๆ มันง่ายขึ้น เช่น อะไรที่ไม่ควรโอนอ่อนตาม นั่นคือกุญแจของการทำให้ทุกอย่างดีขึ้น" - หากเราปรารถนาที่จะอยู่ในสถานการณ์ของการชนะทั้งสองฝ่าย เราจำเป็นจะต้องเจรจา - แล้วเมื่อเราเจรจาแล้ว ก็ต้องตระหนักว่าอะไรคือสิ่งที่สำคัญของคู่สนทนาของเรา เพื่อที่จะรู้หนทางในการแลกเปลี่ยนกัน - ศาสตร์ของการเจรจานั้นไม่มีหลักการตายตัว แต่แน่นอนว่าทุกคนมีสิ่งที่ต้องการ และสิ่งที่ได้รับกันอยู่แล้ว - ความสัมพันธ์ที่ดีมักจะมีข้อแลกเปลี่ยนที่ตรงไปตรงมา นั่นจึงเรียกว่าความจริงใจต่อกันและกันจริง - ไม่มีอะไรที่จะเสริมสร้างองค์กรให้แข็งแกร่ง ไปมากกว่าความรู้ของคนตรงข้ามเราหรือคนที่เราปรารถนาที่จะเจรจาด้วย

Bitcoin is testing its 200-day SMA near $82K as the Senate Banking Committee drops a 309-page CLARITY Act draft ahead of Thursday's pivotal May 14 markup vote — a moment that could redefine US crypto policy and unlock the next institutional wave. With $858M flooding into crypto funds last week, Saylor unveiling a $2.2B tax-loss harvesting playbook, and Wall Street giants like BlackRock, Apollo, and a16z pouring hundreds of millions into Circle's Arc and Canton Network, the setup is loaded. Add Morgan Stanley triggering a crypto fee war on E*Trade, Ray Dalio warning central banks won't touch Bitcoin, and the Iran-driven oil shock rattling markets — and you've got one of the most consequential weeks of the cycle. Is the breakout finally here? Learn more about your ad choices. Visit megaphone.fm/adchoices

The Clarity Act is being sold as stablecoin regulation, but the real story is much bigger. This breaks down how the US could use private stablecoins to extend dollar dominance, funnel global demand into Treasuries, and quietly roll out a CBDC-style system through the back door. Michael Saylor, Ray Dalio, Bretton Woods, fiat debasement, AI, and Bitcoin all collide in one massive macro shift.SPONSORS✅ Ledn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.nmj1gs2i.com/9W598/9B9DM/?source_id=podcast⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Simply Bitcoin clients get 0.25% off their first loanNeed liquidity without selling your Bitcoin? Ledn has been the trusted Bitcoin-backed lending platform for 6+ years. Access your BTC's value while HODLing.

Expanded cooperation between China and the United States will help reinforce the stability of global industrial and supply chains, while generating fresh momentum in advanced manufacturing, premium consumption and innovation-driven industries, said analysts and business executives of both sides.中美两国分析人士及企业高管表示，扩大中美合作有助于巩固全球产业链供应链稳定，同时为高端制造业、高端消费及创新驱动产业注入新动能。They also said that stable China-US economic ties are vital to safeguarding global supply chains, and the two countries have shared interests in sectors including frontier technologies that far outweigh any tariff game.他们还表示，稳定的中美经贸关系对维护全球供应链至关重要，两国在前沿技术等领域拥有远超关税博弈的共同利益。Companies are also eyeing emerging business opportunities, as the two economies remain highly complementary. China maintains strengths in manufacturing capacity, supply chain integration and industrial efficiency, while the US continues to lead in high-end consumption, technological innovation and service-related demand.由于中美两大经济体仍具备高度互补性，企业也在紧盯新兴商业机遇。中国在制造产能、供应链整合及产业效率方面保持优势，而美国在高端消费、技术创新和服务需求领域持续领跑。Da Wei, a professor of international relations at Tsinghua University, said that amid rising geopolitical and economic uncertainties, including growing energy security concerns surrounding the Strait of Hormuz, stable China-US economic ties are crucial to safeguarding global supply chains, supporting trade flows and strengthening long-term industrial ties.清华大学国际关系教授达巍表示，在地缘政治与经济不确定性不断上升、霍尔木兹海峡能源安全担忧加剧的背景下，稳定的中美经贸关系对于维护全球供应链、保障贸易流通、夯实长期产业合作纽带意义重大。He Wei wen, a senior fellow at the Beijing-based think tank Center for China and Globalization, said the two countries should place greater emphasis on cooperation in artificial intelligence and other frontier technologies, as China and the US have enormous shared interests and opportunities in trade and investment related to open-source AI, big data, quantum computing, 6G, robotics, green transformation and biotechnology.智库全球化智库高级研究员何伟文表示，两国应更加重视人工智能等前沿技术领域合作，中美在开源人工智能、大数据、量子计算、6G、机器人、绿色转型及生物技术相关的贸易投资领域拥有巨大共同利益与合作空间。Speaking at a sub-forum of the Bo ao Forum for Asia Annual Conference 2026 in Bo ao, Hainan province, in late March, Carlos Gutierrez, former US secretary of commerce, said the world would benefit from a more stable and constructive economic relationship between China and the US, with both sides ensuring that opportunities remain open and mutually accessible.3 月下旬，美国前商务部长卡洛斯・古铁雷斯在海南博鳌举办的 2026 年博鳌亚洲论坛年会分论坛上表示，中美建立更稳定、更具建设性的经贸关系将惠及全球，双方应确保市场机遇保持开放、相互互通。If the two sides can find ways to manage differences and establish a framework for coexistence, it could provide a model for the global system, he said.他称，若双方能够管控分歧、构建共处框架，将为全球治理体系提供范本。China's strategic role in the global supply chain and its vast market are becoming increasingly prominent for US companies. Nathaniel Madarang, president for the Asia-Pacific region at Goodyear Tire & Rubber Co, said that China is not just a market or a production base, but is increasingly a vibrant market, a competitive manufacturing base and an innovation hub.对美国企业而言，中国在全球供应链中的战略地位及庞大市场愈发凸显。固特异轮胎亚太区总裁表示，中国不仅是市场和生产基地，更日渐成为充满活力的消费市场、具备竞争力的制造基地和创新高地。In addition to operating three plants and two research and development centers with 4,000 employees across China, the US tire manufacturer leverages the country as an export platform, supplying tires from its Chinese factories to markets in the Asia-Pacific region.这家美国轮胎制造商在华运营三家工厂和两座研发中心，拥有 4000 名员工，同时将中国作为出口平台，从在华工厂向亚太市场供应轮胎产品。Noting recent visits to China by several US business leaders — including Ray Dalio, founder of asset management firm Bridge water Associates, and Stephen Schwarzman, chairman of investment firm Blackstone Inc — Wang Guan nan, spokeswoman for the China Council for the Promotion of International Trade, said that despite mounting external uncertainties, business communities in both China and the US continue to favor cooperation over confrontation, underscoring strong demand for deeper economic ties.中国国际贸易促进委员会发言人王冠楠谈及近期桥水基金创始人瑞・达利欧、黑石集团董事长苏世民等多位美国商界领袖访华时表示，尽管外部不确定性持续增加，中美工商界仍坚持选择合作而非对抗，凸显双方深化经贸往来的强烈诉求。With global trade flows changing and regional demand increasing, China's trade with the US dropped 16.6 percent year-on-year to $128.68 billion in the first quarter of 2026. At the same time, trade with the Association of Southeast Asian Nations rose 18.4 percent in US dollar terms, and trade with the European Union increased 17.6 percent, data from the General Administration of Customs showed.海关总署数据显示，受全球贸易格局变动、区域需求增长影响，2026 年一季度中美贸易额同比下降 16.6%，至 1286.8 亿美元；同期中国与东盟贸易额以美元计价增长 18.4%，与欧盟贸易额增长 17.6%。Huang Kai, vice-president of Fujian Zhong jing Petrochemical Co, the largest private petrochemical company in Fujian province in terms of production capacity, said that stable China-US trade ties are important for the company to ensure operational stability and support steady business growth.福建省产能规模最大的民营石化企业福建中景石化副总经理黄凯表示，稳定的中美贸易关系对企业维持经营稳定、实现业务稳步发展至关重要。The company imported 308,000 metric tons of propane from the US in the first four months of this year, accounting for 34.8 percent of its total propane imports, according to Fuzhou Customs.据福州海关数据，今年前四个月，该企业从美国进口丙烷 30.8 万吨，占其丙烷总进口量的 34.8%。JAC Auto Parts (Ningbo) Co, an automotive parts manufacturer based in Ningbo, Zhejiang province, counts the US among the company's core export markets. Its exports to the US rose 30 percent year-on-year to 40 million yuan ($5.88 million) in 2025, said Ningbo Customs.宁波海关表示，位于浙江宁波的汽车零部件企业江淮汽车零部件（宁波）有限公司将美国列为核心出口市场，2025 年对美出口额同比增长 30%，达 4000 万元人民币，折合 588 万美元。Yang Wei guo, the head of the company's foreign trade unit, said, "The US is not only a major automotive market, but also one of our most important export destinations, and a key import source of core auto components such as rollers and anti-collision beams."该公司外贸部门负责人杨伟国表示：“美国不仅是重要的汽车消费市场，也是我们核心出口目的地，更是辊轴、防撞梁等汽车核心零部件的重要进口来源地。”Yang said the Chinese and US automotive markets remain highly complementary, adding that stable and constructive China-US economic and trade relations are essential to the company's long-term development and steady operations.杨伟国称，中美汽车市场依旧高度互补，稳定且具有建设性的中美经贸关系，是企业长远发展和稳健经营的重要保障。reinforce /ˌriːɪnˈfɔːs/ v. 巩固；加强frontier /ˈfrʌntɪə(r)/ n. 前沿；边界complementary /ˌkɒmplɪˈmentri/ adj. 互补的underscore /ˌʌndəˈskɔː(r)/ v. 强调；凸显

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A stalemated war. Fractured alliances. A rival waiting in the wings. It feels to me that we're having an “end of the American empire” moment. My guest this week, Ray Dalio, is an unlikely prophet of doom — the billionaire Bridgewater investor conquered Wall Street by studying history and mastering global trends. He foresaw the 2008 financial crisis,and these days he's warning that the U.S. is repeating the patterns that ended great empires of the past. 0:00 - Intro 01:24 - The rise and fall of empires through big cycles 08:35 - Geopolitical tensions: China, Iran and the Suez Canal 14:27 - Fiat currency or gold? 24:19 - America's coming ‘heart attack' 30:37 - Acts of nature, A.I. and technology 43:37 - ‘Could we have a Japanese future?' (A full transcript of this episode is available on the Times website.) Thoughts? Email us at interestingtimes@nytimes.com. Please subscribe to our YouTube Channel, Interesting Times with Ross Douthat. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

ข้อความโพสต์จาก Ray Dalio ได้เขียนข้อความไว้ว่า "ผู้คนมากมายมักถามว่า จะทำอย่างไรถึงจะเข้าใจตัวเองให้มากยิ่งขึ้น และทำอย่างไรถึงจะประสบผลสำเร็จ ผมจึงอยากจะแบ่งปันสิ่งที่ช่วยผมมาหลายปีนี้ ทั้งหมด 4 ข้อคือ 1. เข้าใจพลังของการเชื่อมโยงกับผู้คนอื่น 2. จงจดจำไว้ว่าผู้คนสร้างมาด้วยความยากลำบาก และความยากในหลายหนทาง จงมองดูและเล็งเห็นว่าอะไรบ้างที่จะเข้ากันกับงานที่เขาได้รับมอบหมาย 3. คนที่ประสบความสำเร็จมักจะสามารถอยู่เหนือตัวเองในการมีมุมมองที่แตกต่างเพื่อจัดการสิ่งต่าง ๆ ให้แหลมคม และ 4. เรามักจะเกิดมาพร้อมกับคุณสมบัติที่เราสามารถช่วยเหลือตัวเองและทำร้ายตัวเองไปพร้อมกัน มันขึ้นอยู่กับการเลือกใช้" - การจะประสบผลสำเร็จไม่ใช่เรื่องของความมุ่งมั่นอย่างเดียว แต่มันคือการจัดการและบริหาร - เหมือนว่าการจัดการก็เป็นส่วนหนึ่ง ที่เราจะต้องจำแนกแจกสรรว่าอะไรต้องอยู่ตรงไหน - แล้วปัญหาของการบริหารก็คือ เรายังไม่รู้ว่าบริบทนี้จำเป็นจะต้องรอคอย หรือเร่งสร้างเลยทันที - โจทย์ของการจัดการผู้คนเป็นโจทย์ที่ยากอย่างยิ่ง แล้วส่วนใหญ่บริษัทที่ใหญ่โตแถมยั่งยืน มีกลยุทธ์ที่แตกต่าง - ความยากของการหล่อหลอมบุคคลหนึ่งขึ้นมา ย่อมเป็นความยากที่หลากหลายไปตามปัจเจกชน

Von Talks Podcast is back with episode 63. During the beginning and at the end he says episode 62 by accident, it's ok that is corrected in the title. He goes into a few tangents but sure you are used to that at this point. He speaks on still playing Pragmata and want to try out the new fighting game Invincible vs. He speaks on continuing reading The changing world order by Ray Dalio and Real Estate Investing by The Modern Investor. He mentions 2 good movies that has to be watched as soon as you get a chance. He puts the people on to a new song from Mvte and spoke a little bit about Isaiah Rashad new album "IT'S BEEN AWFUL". Then he wraps everything up talking about investing and the steps you can take to get ahead and create more cashflow.

Kernwapens geen garantie tegen oorlog | De relatie EU-VS onder een nieuwe president | Cycli in de wereldpolitiek Nucleaire afschrikking verliest glans terwijl kernmachten als Rusland, India en Pakistan regionale oorlogen voeren onder de nucleaire paraplu. Arend Jan Boekestijn en Rob de Wijk schetsen hoe het oude Koude Oorlogstaboe op kernwapens is weggezakt. De dunne lijn tussen conventionele oorlog en nucleaire escalatie maakt de huidige wereldorde instabieler dan velen willen toegeven. Rusland schuift ondertussen op tegen de grenzen van de NAVO, geholpen door een verzwakt en munitie-arm Amerika en een verdeeld Europa. De Wijk waarschuwt dat Moskou juist belang kan hebben bij gecontroleerde escalatie, van dronefabrieken tot een beperkt incident op NAVO-territorium, om de alliantie als papieren tijger te ontmaskeren en steun aan Oekraïne te breken. De Europese politieke reflex op zo’n test bepaalt hoe geloofwaardig het Westen blijft. In de achtergrond tekent zich een langere machtsverschuiving af naar een multipolaire wereld met VS, China, Europese Unie, India en Rusland in een fragiele pentarchie. Boekestijn en De Wijk plaatsen Ray Dalio’s grote cycli naast historische hegemoniedynamiek en zien decennia van blokvorming en koude rivaliteit met Rusland en China. Europa moet ondertussen zijn interne markt en kapitaalmarktenunie afmaken, zijn defensie op orde brengen en bondgenootschappen verdiepen om geen speelbal te worden in de strijd om chips, grondstoffen en handelsroutes. [Samenvatting geschreven door AI en gecontroleerd door mens] Over de Podcast Arend Jan Boekestijn en Rob de Wijk gaan onder leiding van Hugo Reitsma op zoek naar de nieuwe wereldorde. Wat betekenen oorlog, machtspolitiek en economische verschuivingen voor Europa en Nederland? In elke aflevering duiken zij in de geopolitieke actualiteit. In 2022 werd Boekestijn en De Wijk uitgeroepen tot winnaar in de categorie Nieuws & Politiek tijdens de Dutch Podcast Awards Reageren? Op X: @ajboekestijn en @robdewijk Bluesky: @hugoreitsma.bsky.social Mail: boekestijnendewijk@bnr.nl Over de makers: Arend Jan Boekestijn is een Nederlands historicus en voormalig politicus. Hij studeerde geschiedenis en politieke wetenschappen aan de Vrije Universiteit in Amsterdam. Boekestijn is voormalig Tweede Kamerlid (tot 2009). Sinds 1989 is hij verbonden aan de vakgroep geschiedenis van de Universiteit Utrecht en sinds 2016 lid van commissie Vrede en Veiligheid van AIV. Rob de Wijk studeerde eigentijdse geschiedenis en internationale betrekkingen, promoveerde op kernwapenstrategieën, werd hoogleraar in Leiden en richtte in 2007 het Den Haag Centrum voor Strategische Studies op. Hugo Reitsma studeerde rechten en politicologie. Hij werkte eerder als politiek verslaggever en vanuit verschillende conflictgebieden. Hij is auteur van het boek ‘Boekestijn en De Wijk voorspellen de toekomst’ (november 2023).See omnystudio.com/listener for privacy information.

Bridgewater Founder Ray Dalio joins the show, laying out why he says Fed Chair nominee Kevin Warsh shouldn't cut rates, why wealth taxes could be a bubble popper and much more. Then a look ahead to a big week of tech earnings, including four names in the Mag 7. And calls to fund DHS grow from Capitol Hill after the attack at the White House Correspondent's Dinner. That latest from D.C., this hour. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Episode 121Why leaders who never reflect keep making the same mistakes EPISODE DESCRIPTIONMost leaders know they should reflect, almost none of them do it consistently. In this episode, James Rule explores why reflection isn't a soft habit, it's one of the most powerful and consistently neglected disciplines in high performance leadership.Drawing on his own experience as a CEO, lessons from the All Blacks, Ray Dalio, and Marcus Aurelius, James unpacks the real reason leaders avoid reflection (it isn't time), the crucial difference between reflection and rumination, and why the leaders who perform at the highest level over the longest period are always the ones who look inward most consistently.If you've ever felt like you keep hitting the same walls, having the same frustrations, or repeating patterns you know aren't serving you this episode is for you.KEY TAKEAWAYSWhy busy leaders are often the least self-awareThe difference between reflection and rumination and why it mattersHow the All Blacks, Ray Dalio, and Marcus Aurelius used reflection as a performance toolWhy leaders avoid reflection (it's not what you think)How to build a simple, sustainable reflection practice that actually worksRELATED EPISODES FROM THE ARCHIVEEpisode 61 - Set Your Standards HighEpisode 104 - Don't drift into 2026: The annual review that sets you up for your best year yetEpisode 110 - My enough is enough moment and how it changed me as a leader Episode 116 - The Power of Self-ValidationABOUT THE HOST James is an experienced mentor, coach and thought leader who works with a range of clients from FTSE 100 companies, SME´s the NHS and wider public and not for profit sectors.His twenty year career in elite sport initially as a professional rugby player but predominantly as a chief executive has given him an invaluable insight in managing the success, failures and pressures associated with leadership at the highest level.As a high performance coach James specialises in enhancing resilience and leadership development. He is a passionate advocate of the notion that to find lasting fulfilment we need to take a holistic view of high performance. CONNECT & CONTACT www.thelonelyleader.co.ukThe Lonely Leader's LinkedIn James' LinkedInInstagramhello@thelonelyleader.co.uk THIS SHOW WAS BROUGHT TO YOU BY LONELY LEADER MEDIA NEWSLETTERSign Up to The Leadership Accelerator Newsletter for advice, inspiration and ideas, you'll also receive James' Top 10 Tips for Combating Your Fear of Public Speaking. Hosted on Acast. See acast.com/privacy for more information.

Madison Mills covers AI for Axios — but she came to the beat from Wall Street, and that changes everything about what she's looking for. She spent years covering markets, interviewing Jamie Dimon and Ray Dalio, and building one of the most-read financial newsletters in the country. She knows how investors think, how they hedge, and how wide the gap is between what they say publicly and what they actually believe.That's the lens she's bringing to the AI story. And the picture it reveals is one most of the tech coverage is missing entirely.We talked about the hidden financial exposure in the AI buildout — the small-town bank loans to truckers and construction companies that don't look like AI bets on paper, but absolutely are. We got into what Wall Street sources are telling her off the record right now about fraud risk, and why she describes those conversations as “a very scary picture.” And we dug into the trillion-dollar question she keeps putting to the AI labs themselves: when are you actually going to be profitable?We also ended up in a really honest conversation about the jobs debate — why she's skeptical when public companies attribute layoffs to AI, what's actually happening with entry-level hiring, and why some of the most enthusiastic AI adopters she's encountering are the most senior people in the room.Madison is one of the smartest reporters working this beat. I think you'll want to listen twice.Find Madison at Axios — she co-authors the AI Plus newsletter Monday through Thursday — and on Instagram, TikTok, and LinkedIn. Get full access to Authentically Speaking at thefridayreporter.substack.com/subscribe

For episode 713 of the BlockHash Podcast, host Brandon Zemp is joined by Aaron Rafferty, Author of “The New Money Order” and Co-founder of WYDE.The New Money Order is a strategic blueprint for business leaders navigating the transition from traditional global finance to an economy driven by artificial intelligence and programmable money. Drawing on historical cycles of technological revolution, Aaron Rafferty argues that the post-WWII monetary system is being replaced by a digital infrastructure where AI agents, equipped with blockchain-based wallets, handle transactions and operations autonomously.

Leave an Amazon Rating or Review for my New York Times Bestselling book, Make Money Easy! Check out the full episode: https://greatness.lnk.to/1266DM Ray Dalio, a renowned figure in the financial world, shares his expertise on smart investments to increase one's chances of becoming a millionaire. He discusses strategies for allocating funds in areas such as stocks, real estate, and other assets, highlighting the importance of sound financial planning and disciplined decision-making.  Sign up for the Greatness newsletter: http://www.greatness.com/newsletter Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

While the podcast team is taking a Radical Sabbatical, Kim is interviewing authors of the books that have had a big impact on her in the past two years. Office culture is a fascinating topic.  It can be the special sauce that helps bring together team members to achieve excellence.  But what happens when the company culture becomes a toxic mess?  What happens when a very charismatic CEO becomes obsessed with both cataloging people's weaknesses and then broadcasting them to the entire company?  What happens when that same CEO mandates “internal reporting” on fellow co-workers, techniques that appear to be drawn directly from the playbook of the Stasi (the former East German secret police force, famous for deep surveillance to control and punish their citizens)?  What happens when the CEO steadfastly refuses to hear criticism about himself?Why would people join and then remain at such an organization?  Kim welcomes New York Times' business reporter and author, Rob Copland, to talk about his fascinating, deeply researched, and best-selling book, The Fund: Ray Dalio, Bridgewater Associates and The Unraveling of a Wall Street Legend.  Rob's book dives deep on Ray Dalio, the iconic founder and leader of Bridgewater Associates and the culture he created there.  Under Dalio, there is no disputing that Bridgewater Associates became one of the largest and most successful hedge funds in history.  At the same time, Dalio appeared to use promises of vast riches to control and intimidate his employees.  Rob shares some incredible stories to illustrate these points.  When someone dared to push back on any of Dalio's techniques or vision, he famously would shut them down with, “If you're so smart, why aren't you rich?!”  Rob talks about what he learned in the years of research he did for this book.  This conversation presents a cautionary tale of what can happen when a charismatic leader, flush with vast wealth decides his mission is also to dictate how people should live.Background on Rob Copeland: Rob Copeland is a New York Times finance reporter covering Wall Street, banks, and corporate power. He was previously the longtime hedge-fund beat reporter at The Wall Street Journal.  He is best known for investigative, narrative-driven stories and is the author of the bestselling book, "The Fund: Ray Dalio, Bridgewater Associates and the Unraveling of a Wall Street Legend". CHAPTERS: (00:00) Introduction to Rob Copland (01:04) The Pissing Anecdote: A Lesson in Self-Awareness (05:11) Investigating the Absurd: Culture of Petty Conflicts (09:59) The Dark Side of Radical Transparency (12:04) The Pain of Reflection: A Closer Look at Confrontation (16:24) The Cost of Self-Improvement: Why People Endure (18:48) The Allure of Success: How Ray Dalio Captivates Minds (22:43) The Challenge of Self-Awareness (23:58) The Power Dynamics of Self-Knowledge (24:46) Cult Dynamics and Personal Freedom (25:52) The Role of Powerful Figures in Toxic Environments (26:38) Radical Transparency and Its Pitfalls (31:05) The Importance of External Tethers (33:28) Navigating Career Choices and Exit Strategies (37:38) The Journey of Self-Discovery and Feedback Connect with the Radical Candor team: ⁠⁠⁠⁠⁠⁠Website⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠TikTok⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠YouTube⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Bluesky⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Changpeng Zhao (CZ), the 49-year-old billionaire founder of Binance, has written a memoir. It arrives with the unmistakable timing of a man determined to tell the world his version of his meteoric crypto rise and fall, and foreshadow his comeback. The book, Freedom of Money: A Memoir of Protecting Users, Resilience, and the Founding of Binance, runs 364 pages, self-published in English and Chinese, and is available on Amazon Kindle for $9.99, where it's already ranked #4 among all Kindle books. The book traces Zhao's path from rural China to Canada, then through jobs in Tokyo, New York and Shanghai, and finally to building Binance, the crypto exchange that grew with extraordinary speed into the largest in the world. Zhao also recounts Binance's long battle with U.S. regulators, the company's record $4.3 billion settlement over anti-money-laundering and other charges, his four-month prison sentence in California, where he says he began writing the book, and his recent pardon by President Trump. He says the memoir is for readers who know him only from headlines, for those who have followed him for years, and for anyone curious how one founder could help shape an industry "and pay for it." Like most memoirs, this one is an exercise in selection and emphasis. The glowing and inspiring portrait Zhao assembles is of a man philosophically untouched by his success. Forbes estimates his fortune at roughly $110 billion, placing him ahead of Bill Gates. But wealth, he insists, was never the point. "I don't care about money," he writes. "I don't care about power. I don't care about fame. I don't even care about legacy." As evidence of his selflessness, Zhao cites charitable efforts such as Giggle Academy, his nonprofit education platform, and includes a foreword from Yi He, Binance's cofounder and the mother of his three children. She says even after Binance became a global juggernaut, Zhao still wore clothes ordered from Amazon, biked to meetings and drove an old Toyota minivan. Yet the book is equally intent on establishing Zhao firmly within the world's power circles. He writes of traveling the world and being received by political leaders and royalty, from Saudi Arabia's de facto leader, Crown Prince Mohammed bin Salman, to the king of Bhutan, who contributed praise for the book alongside Ray Dalio and Larry Fink.  The anecdotes that follow serve the same function. Binance invested $500 million in X in 2022 — "a finger in the air number," as Zhao puts it — after little financial analysis and a brief conversation with Elon Musk. Thanks to its corporate reshuffling, Zhao adds, Binance wound up with a small stake in SpaceX, which will soon IPO with an astronomical valuation as high as $2 trillion. When Bahrain's central bank governor complained that ChatGPT was blocked in his country, Zhao writes that he reached out to Sam Altman and had the matter resolved the following day. Forbes appears numerous times in his memoir—sometimes as a marker of validation, sometimes as a source of grievance. Zhao recalls a 2017 Hong Kong photo shoot that put him on the cover, Binance hoodie and all, prompting him to turn to a friend and ask, "Does this mean I'm rich?" He writes that he considered a $200 million investment in Forbes in 2022, a deal that never materialized. And then there is the 2020 "Tai Chi" article, Forbes' report on an alleged scheme by Binance to evade U.S. regulators. Zhao casts it as part of the machinery closing in on him, suggesting prosecutors may have tipped off the reporter and later used the piece to help open an investigation. Binance sued Forbes for defamation over the article, but then dropped its lawsuit three months later. The book is at its most interesting when details slip in sideways. Zhao describes a friendly relationship with Gary Gensler before Gensler became chairman of the Securities and Exchange Commission. By Nina Bambysheva Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to this episode of "Impact Theory with Tom Bilyeu." Today, Speaker A and Speaker B dive into a whirlwind of geopolitical events, market volatility, and seismic shifts in technology and global alliances. From the fragile Iran-U.S. ceasefire and its immediate impact on world markets, to Ray Dalio's warning that we are living through a modern World War—with trade routes, alliances, and power structures rapidly evolving—the hosts unpack what these developments mean for everyday people and investors. We'll also explore the jaw-dropping power of Anthropic's new AI, Claude Mythos, which is already breaking out of virtual cages, exposing critical software vulnerabilities, and raising national security alarms. The discussion doesn't stop there: we look at shifting global loyalties as France pulls its gold from the U.S., the ongoing chaos in Israel and Lebanon, TikTok phenom Kabi Lane's viral divorce strategy, and the cultural unity and economic power dynamics shaping America and the world. Packed with sharp analysis, controversial takes, pop culture headlines, and actionable insights for the era of uncertainty, this episode is your deep dive into what it means to live on the edge of world-changing events. Buckle up—the future is volatile, but Speaker A is determined to help you master your emotional state and stay optimistic, no matter how wild it gets. What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business: join me here at ZERO TO FOUNDER:  https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show SCALING a business: see if you qualify here.:  https://tombilyeu.com/call Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here.: https://tombilyeu.com/ ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderSumm: code TOMVIP20 for 20% off your first year at https://summ.com?via=tombilyeu&coupon=TOMVIP20Monetary Metals: Future-proof your wealth at https://monetarymetals.com/impactAquaTru: 20% off your purifier with code IMPACT https://aquatru.comDuck.Ai: Protect your privacy at https://duck.ai/impactBlinkist: Start your free trial at https://blinkist.com/impactQuince: Free shipping and 365-day returns at https://quince.com/impactpodAT&T Business: Switch to AT&T Business at business.att.comIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impactShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact Learn more about your ad choices. Visit megaphone.fm/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome to this episode of "Impact Theory with Tom Bilyeu." Today, Speaker A and Speaker B dive into a whirlwind of geopolitical events, market volatility, and seismic shifts in technology and global alliances. From the fragile Iran-U.S. ceasefire and its immediate impact on world markets, to Ray Dalio's warning that we are living through a modern World War—with trade routes, alliances, and power structures rapidly evolving—the hosts unpack what these developments mean for everyday people and investors. We'll also explore the jaw-dropping power of Anthropic's new AI, Claude Mythos, which is already breaking out of virtual cages, exposing critical software vulnerabilities, and raising national security alarms. The discussion doesn't stop there: we look at shifting global loyalties as France pulls its gold from the U.S., the ongoing chaos in Israel and Lebanon, TikTok phenom Kabi Lane's viral divorce strategy, and the cultural unity and economic power dynamics shaping America and the world. Packed with sharp analysis, controversial takes, pop culture headlines, and actionable insights for the era of uncertainty, this episode is your deep dive into what it means to live on the edge of world-changing events. Buckle up—the future is volatile, but Speaker A is determined to help you master your emotional state and stay optimistic, no matter how wild it gets. What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business: join me here at ZERO TO FOUNDER:  https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show SCALING a business: see if you qualify here.:  https://tombilyeu.com/call Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here.: https://tombilyeu.com/ ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription orderSumm: code TOMVIP20 for 20% off your first year at https://summ.com?via=tombilyeu&coupon=TOMVIP20Monetary Metals: Future-proof your wealth at https://monetarymetals.com/impactAquaTru: 20% off your purifier with code IMPACT https://aquatru.comDuck.Ai: Protect your privacy at https://duck.ai/impactBlinkist: Start your free trial at https://blinkist.com/impactQuince: Free shipping and 365-day returns at https://quince.com/impactpodAT&T Business: Switch to AT&T Business at business.att.comIncogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impactShopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact Learn more about your ad choices. Visit megaphone.fm/adchoices

Markets rally on a fragile U.S.-Iran ceasefire as oil risks linger and supply disruptions persist. Plus, airlines and commodities react to shifting prices and inflation pressures. Later, Ray Dalio points to trade talks and long term risks shaping U.S.-China relations. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

【欢迎订阅】 每天早上5:30，准时更新。 【阅读原文】 标题：Ray Dalio warns a brutal ‘final battle' for the Strait of Hormuz is coming—and losing could end the American empire正文：Bridgewater Associates founder Ray Dalio published a dire warning Monday: The conflict between the United States, Israel, and Iran will be a decisive confrontation over the Strait of Hormuz, and the outcome will determine far more than the price of oil. It will determine whether the American-led global order survives.知识点：founder /ˈfaʊndər/n.（名词）创始人；创办者（新闻 / 外刊高频，特指企业、机构、组织的核心创立者）• Bridgewater Associates founder Ray Dalio published a dire warning on Monday. 桥水联合基金创始人雷・达利欧于周一发布了一则严峻预警。• He is the founder of the world's largest hedge fund. 他是全球最大对冲基金的创始人。获取外刊的完整原文以及精讲笔记，请关注微信公众号「早安英文」，回复“外刊”即可。更多有意思的英语干货等着你！ 【节目介绍】 《早安英文-每日外刊精读》，带你精读最新外刊，了解国际最热事件：分析语法结构，拆解长难句，最接地气的翻译，还有重点词汇讲解。 所有选题均来自于《经济学人》《纽约时报》《华尔街日报》《华盛顿邮报》《大西洋月刊》《科学杂志》《国家地理》等国际一线外刊。 【适合谁听】 1、关注时事热点新闻，想要学习最新最潮流英文表达的英文学习者 2、任何想通过地道英文提高听、说、读、写能力的英文学习者 3、想快速掌握表达，有出国学习和旅游计划的英语爱好者 4、参加各类英语考试的应试者（如大学英语四六级、托福雅思、考研等） 【你将获得】 1、超过1000篇外刊精读课程，拓展丰富语言表达和文化背景 2、逐词、逐句精确讲解，系统掌握英语词汇、听力、阅读和语法 3、每期内附学习笔记，包含全文注释、长难句解析、疑难语法点等，帮助扫除阅读障碍。

In today's insightful discussion, Tom sits down with renowned investor and author Ray Dalio to delve into pressing economic challenges and the changing world order. We'll explore Ray's unique perspectives on self-reliance, learning from mistakes, and the significance of "triangulation" in decision-making. Tom and Ray discuss how confronting the basics of survival and embracing simpler lifestyles can foster resilience amid economic turbulence. Ray Dalio emphasizes understanding historical patterns and recognizing financial cycles to navigate current and future crises, drawing parallels to past global events. They address the implications of the U.S. national debt, rising global tensions, and the role of education and financial literacy in preparing for economic downturns. In this episode, you will learn about the mechanics of money and debt, the impact of internal and external conflicts, and the benefits of radical transparency in personal and professional settings. There's also a deep dive into Ray's principles for successful decision-making and the importance of cultivating meaningful relationships and purposeful work. Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's insightful discussion, Tom sits down with renowned investor and author Ray Dalio to delve into pressing economic challenges and the changing world order. We'll explore Ray's unique perspectives on self-reliance, learning from mistakes, and the significance of "triangulation" in decision-making. Tom and Ray discuss how confronting the basics of survival and embracing simpler lifestyles can foster resilience amid economic turbulence. Ray Dalio emphasizes understanding historical patterns and recognizing financial cycles to navigate current and future crises, drawing parallels to past global events. They address the implications of the U.S. national debt, rising global tensions, and the role of education and financial literacy in preparing for economic downturns. In this episode, you will learn about the mechanics of money and debt, the impact of internal and external conflicts, and the benefits of radical transparency in personal and professional settings. There's also a deep dive into Ray's principles for successful decision-making and the importance of cultivating meaningful relationships and purposeful work. Learn more about your ad choices. Visit megaphone.fm/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In today's insightful discussion, Tom sits down with renowned investor and author Ray Dalio to delve into pressing economic challenges and the changing world order. We'll explore Ray's unique perspectives on self-reliance, learning from mistakes, and the significance of "triangulation" in decision-making. Tom and Ray discuss how confronting the basics of survival and embracing simpler lifestyles can foster resilience amid economic turbulence. Ray Dalio emphasizes understanding historical patterns and recognizing financial cycles to navigate current and future crises, drawing parallels to past global events. They address the implications of the U.S. national debt, rising global tensions, and the role of education and financial literacy in preparing for economic downturns. In this episode, you will learn about the mechanics of money and debt, the impact of internal and external conflicts, and the benefits of radical transparency in personal and professional settings. There's also a deep dive into Ray's principles for successful decision-making and the importance of cultivating meaningful relationships and purposeful work. SHOWNOTES 00:00 Smart, bipartisan leadership essential for economic prosperity. 12:04 $100M donated for equitable education in Connecticut. 23:59 Animation highlights predictable historical cycle of empires. 34:54 Debt difficult to repay increases default risk. 45:22 Internal conflict escalates; centrist views pressured. 53:25 Collective learning and triangulation empower decision-making. Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's insightful discussion, Tom sits down with renowned investor and author Ray Dalio to delve into pressing economic challenges and the changing world order. We'll explore Ray's unique perspectives on self-reliance, learning from mistakes, and the significance of "triangulation" in decision-making. Tom and Ray discuss how confronting the basics of survival and embracing simpler lifestyles can foster resilience amid economic turbulence. Ray Dalio emphasizes understanding historical patterns and recognizing financial cycles to navigate current and future crises, drawing parallels to past global events. They address the implications of the U.S. national debt, rising global tensions, and the role of education and financial literacy in preparing for economic downturns. In this episode, you will learn about the mechanics of money and debt, the impact of internal and external conflicts, and the benefits of radical transparency in personal and professional settings. There's also a deep dive into Ray's principles for successful decision-making and the importance of cultivating meaningful relationships and purposeful work. SHOWNOTES 00:00 Smart, bipartisan leadership essential for economic prosperity. 12:04 $100M donated for equitable education in Connecticut. 23:59 Animation highlights predictable historical cycle of empires. 34:54 Debt difficult to repay increases default risk. 45:22 Internal conflict escalates; centrist views pressured. 53:25 Collective learning and triangulation empower decision-making. Learn more about your ad choices. Visit megaphone.fm/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A Note from James:What is going on in Iran? And once this war is over, what happens to investing? Is the world coming down? I'm bringing on the Invest Diva, Kiana Danial, to talk about both. She wrote Triple Compounding For Dummies, and we'll get into that, too.She's Iranian, and she has a perspective on what's happening that I think matters. My gut, based on the force of history, is that when this war is over, the Islamic regime won't survive. Iran has no air force left, no navy left, missile strikes are way down, and many of its top leaders are gone. That's my opinion, but it's based on what I'm seeing.What's interesting to me is the parallel to the Soviet Union in 1991. When that collapsed, there was a peace dividend. For about 10 years, the stock market had enormous growth. Yes, the internet mattered too, but when countries stop trading bullets, they start trading dollars. The whole world opened up.Iran has been one of the biggest threats in the region for decades. So if the regime falls, I think the peace dividend could be enormous, maybe even bigger than what followed the Soviet collapse, simply because we have no real relations with Iran right now. That's why I wanted to bring on Kiana Danial, author of Triple Compounding For Dummies, to talk about Iran and what it could all mean next.Episode Description:James talks with investor and entrepreneur Kiana Danial about two subjects that usually stay separate: Iran and personal wealth-building.First, Kiana gives a lived, Iranian-born perspective on what she believes ordinary Iranians want, how propaganda shapes the conversation outside the country, and why she thinks markets may move past the current war headlines faster than most people expect. Then the conversation shifts into her framework for building wealth: “triple compounding,” the idea that real financial progress starts by compounding skills, income, and businesses you control before you rely too heavily on outside assets like stocks.What makes this episode useful is that it doesn't stay theoretical. Kiana explains how getting fired pushed her to build new skills, create new income streams, and eventually grow a multimillion-dollar portfolio. She also shares how she's thinking about AI, volatility, oil, defense names, and post-conflict rebuilding opportunities. It's part geopolitics, part market psychology, and part practical roadmap for anyone who wants more control over how they build wealth.What You'll Learn:Why Kiana thinks geopolitical shocks often hit headlines harder than they hit markets over timeWhat “triple compounding” means: compounding your skills, your income, and your investments togetherHow she went from being fired on Wall Street to building wealth by reinvesting in herself firstWhy adapting to AI may be less about protecting your old job and more about learning new tools quicklyHow she thinks about buying market pullbacks, and which sectors she believes could benefit if Iran eventually rebuildsTimestamped Chapters:[02:00] Cold open: freedom, oil, and investing in yourself[03:03] A Note from James: Iran, war, and the market question[05:57] From Iran to Japan to the U.S.[07:17] The scholarship that changed Kiana's life[09:58] Why James wanted Kiana's perspective now[10:53] How war headlines fade and markets recalibrate[12:25] Negotiations, bluffing, and the worst-case outcome[14:58] What Kiana says ordinary Iranians actually want[16:32] Strait of Hormuz, oil, and headline-driven panic[18:20] The case for a post-war “peace dividend”[20:34] Reza Pahlavi and the idea of a transition plan[23:28] How the IRGC recruits and how propaganda starts young[25:29] Unlearning propaganda about Israel and the Holocaust[26:42] What Triple Compounding For Dummies is really arguing[30:10] From Wall Street firing to an $18 million portfolio[33:29] AI, job disruption, and learning fast[35:22] What Kiana is buying, selling, and watching now[38:29] Terror funding, ideology, and what happens after the regime[41:01] How propaganda spreads in the West[43:43] Family safety and final thoughtsAdditional Resources:Kiana Danial / Invest Diva. Triple Compounding For Dummies by Kiana Danial. Reza Pahlavi official statements and background. Ray Dalio's The Changing World Order / Principles. Ramsey Solutions / Dave Ramsey. Rich Dad / Robert Kiyosaki. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

If you're outgrowing your support system as a real estate agent, this conversation is going to hit you in a specific way.Most agents I talk to are making decisions based on advice from people who have never done what they're trying to do. Family, friends, agents in their office — people who mean well but have zero demonstrated track record in the area they're speaking on. That's not guidance. That's noise.Here's the framework I actually use: I only triangulate ideas with people I'd call "believable." That means they've produced the outcome I want, consistently, over an extended period of time. Not once. Not on paper. Consistently. If you don't meet that bar, I love you — but I'm not running my business decisions by you.I walk through a real example in this episode. An agent I coach got offered a developer deal — $120,000 in commission. Sounds like a win. We ran the numbers together. Time on site, weekends, opportunity cost versus his last creative deal that paid $50,000 in five hours. He was about to trade his highest-leverage work for $10 an hour. The commission looked big. The math told the truth.I also break down what Ray Dalio figured out after losing everything — why he built an entire system around triangulating with believable people instead of asking for validation. And Naval Ravikant's four requirements to build real wealth: specialized knowledge, tools, leverage, and good judgment. Most agents are operating at the two lowest forms of leverage and wondering why they're stuck.The people you ask for advice set the ceiling on your thinking. Proximity is power — and if you're triangulating with people who don't understand the new forms of leverage, you will never graduate past their level of thinking. That's not harsh. That's just true.If this connects with where you're at right now, subscribe. New content drops every week for agents who are serious about thinking at a higher level.

I recently had a long conversation with a very successful professional. He's 58 years old. Highly educated. Respected in his field. Financially sophisticated — in fact, his job depends on understanding money. If you looked at his résumé, you would assume he was completely set for life. He wasn't. A couple of bad investments. Some concentration risk. A few decisions that looked reasonable at the time. And suddenly he's essentially back at ground zero — trying to start a new business at 58. This story is far more common than people realize. The Dangerous Assumption is that many successful professionals assume they'll be fine. Doctors. Lawyers. Executives. Entrepreneurs. They make high incomes. They understand finance. They know about markets and interest rates and diversification. They focus on their career. They focus on income. They even focus on investing. What they don't focus on is their own financial future with the same intensity they focus on their profession. There's a difference. Being financially literate is not the same thing as being financially intentional. Especially when you assume you always have more time. The Good News at 58 is that he still has time. A lot of time. For entrepreneurs especially, it doesn't take 25 years to rebuild. It can take five. There's a quote often attributed to Bill Gates: “Most people overestimate what they can accomplish in one year and underestimate what they can accomplish in five.” That quote is brutally accurate. In one year, starting a business feels overwhelming. Progress feels slow. Revenue is inconsistent. Doubt creeps in. But five years? Five years of focused effort, smart strategy, capital discipline, and experience compounded? That can change your entire financial trajectory. I've Seen This Movie Before. I have a very good friend who was worth over $40 million in his early 30s during the real estate boom. Then 2008 happened. The real estate debacle didn't just dent him — it wiped him out. For years, he struggled. Pride gone. Lifestyle reset. Just trying to survive. Most people would have mentally retired at that point. They would have blamed the market, blamed the system, blamed bad luck. But about six or seven years ago, he found his rhythm again. New strategy. New focus. New discipline. Today, he's worth over $60 million. I get that's not normal. But it proves something important. It Doesn't Take a Lifetime. The examples I just gave are extreme. Most people don't lose $40 million. Most people aren't rebuilding at 58. But the principle is universal: It doesn't take a lifetime to secure your future. It takes a focused season. A defined period where you are intensely clear about your objective. A stretch where: • You work harder than you're comfortable with • You manage risk better than you used to • You stop assuming income equals security • You align your decisions with a specific financial target for the future There's another quote I love: “The harder you work, the luckier you get.” Luck isn't random. It compounds around preparation, visibility, and persistence. When you are laser-focused on a financial goal, you start seeing opportunities others miss. You make better introductions. You ask sharper questions. You move faster when something makes sense. And over time, it looks like “luck.” The story of the 58-year-old professional isn't a warning about markets. It's a warning about complacency. Success in your profession does not automatically translate into security in your future. Income is not wealth. Financial literacy is not financial strategy. And intelligence does not eliminate risk. But here's the good news. If you're in your 40s or 50s and feel behind — you're not done. If you made a bad investment — you're not finished. If you took a hit — that's not your final chapter. You may just be at the beginning of your five-year season. The key is focus. Direct yourself to a destination you can visualize. That's the only way you will get there. Because in the end, securing your future rarely requires a lifetime of perfection. It requires a concentrated period of intensity. And the sooner you decide to enter that season — the sooner your next five years will start compounding in your favor. There is no one who knows this reality more than this week's guest on Wealth Formula, Rod Khleif . Watch on YouTube: https://www.youtube.com/watch?v=qogQNGbK9wk Listen on Apple Podcasts: https://podcasts.apple.com/gb/podcast/549-youre-successful-until-youre-not-with-rod-khleif/id718416620?i=1000753860685 Listen on Spotify: https://open.spotify.com/episode/7mTzyRJxjnkeiVFGCXfOni Transcript Disclaimer: This transcript was generated by AI and may not be 100% accurate. If you notice any errors or corrections, please email us at phil@wealthformula.com.  welcome everybody. This is Buck Joffrey with Dwell Formula Podcast. Coming to you from Montecito, California, I wanna remind you that there is a website associated with this podcast called wealthformula.com. That’s where you go if you wanna. Become, uh, more, uh, involved with this community, including our accredited investor club, AKA investor club, uh, very easy to join. It’s free. All you do is you get onboarded and you see lots of, uh, potential deal flow that you wouldn’t otherwise see again, that is wealthformula.com. Simply click on investor club and get onboarded. Now, as for today’s show, I had a, uh, a long conversation with a very successful professional, recently 58, highly educated, respected, financially sophisticated, in fact, in the money business. Uh, and if you look at his resume, you would assume he was completely set for life, but he wasn’t. A couple of bad investments, some concentration risk. A few decisions that looked reasonable at the time, and suddenly he’s back pretty much to ground zero trying to figure out what to do, and he’s thinking about starting a new business or maybe buying a business. Well, that got me thinking because the reality is this story is far more common than people realize, and I actually hear it fair amount. Right? Many successful professionals assume they’re gonna be fine. Doctors, lawyers, executives, entrepreneurs, making high incomes. Maybe they understand finance, they know about markets, interest rates and diversification in theory. But here’s the trap. You focus on your career. You focus on income. What they don’t focus on is their own financial future with the same intensity. They focus on the profession, and that’s. The difference, right? The issue is that being financially literate is not the same thing as being financially intentional. Now, I actually hate that word because it’s a very, uh, uh, neo agey word intentional. But in this case, I will use it because that it’s very, it’s very appropriate. But here’s the good news, even at 58, right, you still have time. You have a lot of time for, especially for entrepreneurs, it doesn’t take 25 years to rebuild. It can take five. And there’s this quote, um, it’s often attributed to Bill Gates, who, who’s been in the news lately for a lot of other stuff, but this is a good quote. He says, most people overestimate what they can accomplish in one year and underestimate what they can accomplish in five. And that quote is so true. I will, it’s incredibly powerful and it’s very, very useful to think about and. Put in the back of your mind because in a year, like you’re saying, you’re starting a business, it’s gonna feel overwhelming. You may lose money, you know, slow progress, revenue, inconsistent five years, you know, with focused effort and you know, good strategy and discipline. The financial trajectory of your life could completely change over that five years. In fact, I will say that with my first business that I ever started, that is absolutely what happened. I was just pretty much outta residency, didn’t have any money, and within five years I was rocking and rolling. You know, it was a, it was, you know, it wasn’t worth, you know, hundreds of millions of dollars. But I, I, I was, I was doing way better. If you look over five years, it’s an incredible trajectory. And it’s not just me. I mean, there’s guys who’ve done it more extreme ways. I talk about this friend, a lot of times he was worth like 30 or $40 million in his early thirties, and then 2008 happened. It didn’t just kinda dent him, it wiped him out, and for years he struggled. Lifestyle kind of reset a little bit, just trying to survive. You know, there’s this saying in business that the key to su success in business is to stick around long enough until you get lucky again. Well, sometimes that’s true. And a lot of people might have, uh, kind of mentally retired at that point. But the reality is he stuck with it. He rebuilt about six or seven years. He was kind of sideways, then another six or seven years, new focus, new discipline, and today worth 60 million bucks. Now, that’s not normal, right? But it does provide, uh, it does, it does kind of provide an important point. It doesn’t take a lifetime always. Now most people don’t lose $40 million, and most people aren’t rebuilding necessarily from zero at 58, but the principle really is universal. It doesn’t take a lifetime to secure your future. It takes a focus season to find period where you’re intensely clear about your objective. It’s a stretch where you work harder than you’re comfortable with, and maybe it’s not fun to do that in your fifties or sixties. You manage risk better than you used to. You stop assuming income equals security. You align your decisions with a specific financial target. You know what, there’s a another line I love, another quote, and I don’t know where this one comes. I, I, I think it was some hockey coach of mine way back. It’s that the harder you work, the luckier you get. The thing is that luck isn’t random, right? It compounds. Around preparation and visibility and persistence. And when you’re laser focused on a financial goal, you’re gonna start seeing opportunities that are out there that others might miss. You’re gonna make, you know, better introductions, ask sharp questions. You move faster when something makes sense, and over time it starts to look like luck. I think the real lesson, um, about the situation that people get into, like this person I was talking about is. That it, it’s not a warning about markets per se, although markets have a lot to do with it. It’s a warning about complacency. You know, success in your profession does not automatically translate into security in your future. You know, income as you know, is not really wealth and financial literacy is not financial strategy. Although literacy is really, really important. You gotta have a strategy. And you can be really, really smart and not eliminate, you know, or mitigate risk enough. So if you’re in your forties or fifties and feel behind, you’re not done. Okay? You made a bad investment, you’re not finished. If you took a hit, I’ve taken plenty of heads, especially the last few years. It’s not your final chapter. You may just be looking at the beginning of your next five year season. And the key is focus clear goals, define targets, discipline, action. The sooner you decide to enter that season, the sooner your next five years will start compounding in your favor. Man, I gotta tell you, this is a, an ongoing story I hear a lot about, so again, think about that Bill Gates quote, you, you know, people tend to way overestimate what they can do in a year. Grossly underestimate what they could do in five. Anyway. There’s no one who knows this better than my guest on this week’s Wealth Formula podcast. Rod Cleef. Many of you already know him. We’ll have that conversation right after these messages. Wealth Formula banking is an ingenious concept powered by whole life insurance, but instead of acting just as a safety net, the strategy supercharges your investments. First, you create a personal financial reservoir that grows at a compounding interest rate much higher than any bank savings account as your money accumulates. You borrow from your own bank to invest in other cash flowing investments. Here’s the key. Even though you’ve borrowed money at a simple interest rate, your insurance company keeps paying you compound interest on that money even though you’ve borrowed it. At result, you make money in two places at the same time. That’s why your investment. Get supercharged. This isn’t a new technique. It’s a refined strategy used by some of the wealthiest families in history, and it uses century old rock solid insurance companies as its backbone. Turbocharge your investments. Visit wealthformulabanking.com. Again, that’s wealthformulabanking.com. Welcome back to the show everyone. Today my guest on Wealth Formula podcast is Rod Thief. He’s a real estate investor, author, and mentor with decades of experience in multifamily investing. Uh, he’s built and sold hundreds of millions, uh, in, in apartment assets and teaches thousands of investors through coaching masterclasses and his life. Uh, lifetime Cash Flow Academy. Uh, rod, how you doing? Good, brother. Good to see you, my friend. Let’s review, but you know a little bit about you, your background. Sure. You know, uh, sure. We have an interesting story. Okay, well I’m a Dutch immigrant, you know, think wooden shoes and windmills. I immigrated to this country, uh, when I was six years old with my brother Albert, my mother’s cia. Um, and we ended up in Denver, Colorado. Uh, struggled initially. Really struggled actually. And, and I remember, uh, wearing hand me down clothes all the way through junior high school until I finally lied about my age when I was 14 ’cause I was tall and said I was 15 so I could flip burgers at Burger King. You know, and I’m sure you’ve got listeners that had it harder than I did, but I knew I wanted more. And luckily my mom had an incredible work ethic and so she babysat kids so we’d have enough money to eat. And with her babysitting money, she was an entrepreneur and invested in real estate. Um, and her first real estate acquisition was the house right across the street from us. When I was 14, she paid about $30,000. And then when I was 17, she told me she’d made $20,000 in her sleep. It had gone up in value. And I’m like, what? Forget college. I’m getting into real estate. So I. Went and got my real estate broker’s license right when I turned 18, which you could do back then with education. Now they got, they got smart you, they need some, you need some experience. But, uh, I was a broker. I was smart enough to go work for a broker. But, um, you know, my first year in real estate I made about eight grand. My second year, maybe 10 grand, but my third year I made over a hundred thousand dollars, which back in 1980 was some pretty decent money. And so what happened between year two and year three? Uh, the 10 x my income was what? What happens? I met a, a guy, he was a broker. I was working for actually, it taught me about the importance of mindset and psychology and how really 80 to 90% of your success in anything is just that your mindset and psychology. So fast forward to today, I’ve, I’ve owned over 2000 houses that I’ve rented long term. I own thousands of apartments now, and I’m also buying senior housing now, which I’m excited about. And you know, in 2006, my net worth went up $17 million while I slept. And you might say, wow. I said, wow, I got a head so big I could barely fit it through a door. And I thought I was a real estate God. And you know, when that happens, God of the universe will give you a nice little SmackDown. Well, that was 2008. I conservatively lost $50 million in 2008 and nine. What I’m known for talking about on my podcast, which I’m blessed to say at this point’s, the largest, uh, commercial real estate podcast really in the world at this point is, and, and the reason being is I spend time talking about mindset. You know, people don’t remember what you said, but they remember how you make him feel. And I do little clips every week called Own Your Power, their motivational clips. And, and I think that’s the reason it’s been so well received. But, uh, you know, I’m known for talking about the. Mindset it took to have 50 million to lose in the first place. And you know, maybe more importantly, the mindset it took to recover from losing it. But, uh, you know, I’d love to, we can chat about that if you like, or I’d love to talk about the state. Yeah. Whatever you It’s a, it’s, I think it’s appropriate to talk about that right now, rod. I mean, I think Okay. You know, in this, in this market with what we had, you know, um, you know, there’s been a, there’s been a lot of pain in multifamily and Yeah. You know, it’s, you know, you and I have talked about this before where. Part of success is, is trying to recognize particular situations. Um, you know, you talk about Warren Buffet and how Warren Buffet says be greedy, when others are fearful and all that, that’s great, but it’s really hard to do. Right? And so help us understand like, sure. You know, uh, how, how do you, how do you do that? Sure. How did you go and how bad did it get? Well, I lost 50 million. I lost $50 million, so it got pretty freaking bad. Okay. I call ’em seminars. That was an expensive seminar. Yeah. Yeah. And very little, uh, so it was, it was ugly. It was ugly, but. It was, it’s, I, I’ll be, I’ll be candid. The strategies I’ll share very briefly here, the strategies, I’ll share the same strategies you would use to get started. Okay. You know, if, if you know you need to do something, and we talked about this, uh, uh, before we started recording, you know, the. With ai, a lot of jobs are going away. You know, if you heard of Elon Musk on, on Joe Rogan’s last epi episode, or the last interview he did with Joe Rogan, you know, he said any job in front of a computer is pretty much gonna be gone like lightning, like a year or two. I mean that fast. It’s crazy. And so, you know, and even, you know, surgeons are, are, are, are gonna be replaced by robotics and, and on and on and you know, and I think there’s gonna be it professionals, uh, you know, there’s gonna be a lot of. Pain for the people that don’t proactively, you know, reinvent themselves, start thinking about what they’re gonna do to reinvent themselves. Maybe it’s an ai, maybe you’ll learn ai, but, but you better think about it now or if you’re in one of these positions. So when the shoe drops, you’re ready because. Uh, there’s a lot of opportunity. I mean, there’s 10,000 people a day turning 65 in this country. You could buy businesses, um, you know, uh, I’m in, I’m, I’m excited about senior housing. They need beds, you know, and, and there’s a huge shortage of beds, but, so there’s a lot of opportunity, but you better pick something if you’re in one of these fields and get busy starting to study it and learn it, and do it on the side so that when the shoe drops, you’re ready. That’s, I don’t wanna scare you, but I just wanna open your eyes. To that fact. But so how, how I recovered from losing $50 million again, is the same strategy I would tell you to use to get started. And it’s first thing, it starts with goals. You gotta figure out what it is you want. ’cause how do you get anything if you don’t know what it is? Because with the goals you create a burning desire or a hunger and you’ve gotta have that to push through fear and limiting beliefs and so on and so forth. And, um. You know, I, I, that’s, if you come to one of my bootcamps, I do a virtual bootcamp every couple of months. It’s two days. I don’t sell anything there. And I’ll tell you later how you can come for 47 bucks. So it’s no excuse. But, but the first thing we do is goal setting on steroids, uh, because you’ve got, again, you’ve gotta create that hunger. Now, I’ll, I’ll say this to you, if you have no interest in, in, uh, learning what I teach. At my link tree, I did my goal setting workshop. It’s an hour. There’s a guide you can download if you go to rodslinks.com or text the word links if you’re driving, uh, to 7, 2, 3, 4, 5 at the bottom. My, is my goal setting workshop. And you know, here’s the thing, buck, people spend more time planning a freaking birthday party than they do designing their lives. Doing your goals is designing your life. So you know, if, if, uh, if you haven’t done ’em in a while, go to Rods, links, go at the bottom. There’s my workshop, there’s a guide. You can download ’em. Not gonna try to sell you anything. Spend an hour with me. Have your spouse do it. Have your kids do it if they’re over 10 years old, and design their lives. So again, it starts with goals. So that’s the first thing I did was reassociate with my goals. Then the second piece is you gotta make a decision. And I don’t mean dip your toe in the water. I don’t mean one foot in, one foot out. I mean, you decide it’s done. Okay. The Latin root for the word decision means to cut off. If you’re gonna attack the island, you burn your ships ’cause you’re taking their ships home. That’s a decision. And, and that’s what I did. I said, okay, enough, quit feeling sorry for yourself. Pick yourself up and go make something happen. And that’s, that’s what I did back then when I lost everything. But it’s the same thing again. If you’re, if you’re in a job and you’re. You’re just not where you want to be. So we make that decision and then you gotta take the first step, uh, you know, buck. And that’s, that’s pretty much it. You know, Dr. Martin Luther King said, you take that first step in faith, the next step will be revealed. And you know, LA Sue said the journey of a thousand miles begins with a single step. But, you know, in our business and, and, and the investors that we deal with and, and the, you know. Uh, active investors and, and, and passive both, as many of ’em are very analytical and you know who you are. If that’s you and I love you, you’re some of the most successful students that I have and successful people in our businesses. However, I also know how you have to check off every single box before you make a move, and you can’t do that here. Okay? You’ve got to, you’ve got to recognize that you’ve gotta have enough faith. To get started, you know, you can go all the way across the United States at night with your headlight only seeing 50 feet in front of you. And, you know, you can make it, you know, other people have done it before you, you know, there’s a, there’s a, there’s a, a road. And, uh, it’s the same way. You may have some obstacles, but, uh, it’s the same way with this business or really any business. But you, you, you’ve got to take that first step. And, you know, a, a lot of people fear failure, and I’m gonna tell you, don’t fear failure. Fear being in the same place you are right now, a year or two from now, unless you absolutely freak. Love where you are right now. Fear, fear, regret. That’s what I would fear if I were you. I, I, there was this nurse in Australia, a hospice nurse, uh, and her name was Bronny Ware. She asked patients when, who were about to die, if they had any regrets, and she wrote a book about it as a national bestseller. Something like The Five Regrets of Dying. You know what the number on regret was? It was Living the, not Living the Life I could have lived living someone else’s life, not doing what I know. I’m capable of fear that don’t fear failure, you know? Well, the next piece is fear and limiting beliefs. So fear, you know, every successful person have has fear. Now we, we, we, entrepreneurs call it stress, but it’s fear. And, you know, action mitigates fear. You wanna mitigate fear, take action. Go do something. If I’m, if I’m laying in bed at night, it’s three in the clock in the freaking morning and something stresses me out again, stress is fear. That’s what we achievers call stress. Uh, it’s fear. Uh, and, and, um. If something wakes me up and I’m stressed about it, I literally will get outta bed and just go write down some notes. I used to have a pen with an electrical pen that drove my ex-wife crazy and I’d, I’d write notes sometimes fill up pages of notes in bed so that I’m taking some action so I can go back to sleep. So there’s a, there’s a very simple example of it, but anytime that I am fearful about something, I take massive action towards it. Just, just taking steps, doing things. That will mitigate it. And it’s just how it works. So, I mean, it’s, it’s, it’s as simple as that buck. I mean, you just have to do some things. Towards that fear now. Now, the other thing is, if you don’t take action, the fear expands. So that’s the, uh, uh, that’s the antithesis there. So, so you, you need to take action because that’ll, that’ll mitigate it. The, the next piece really is limiting beliefs. You know, when I immigrated this country, I didn’t speak English. I got thrown into school, found out what bullies were for the first time. So I got my butt kicked occasionally, hadn’t learned how to fight back, and then my mom, this is the prop, sent me to school in these wooden shoes. And these are the actual wooden shoes. We found them. When we put her in senior house, senior living in, and these leather shorts, the Germans wear for October Fest, I had to wear that to school. And of course that was crack cocaine for the fricking bully. So I got my ass kicked again. And don’t wooden shoes, rod Or, or those, yeah. Yeah. Wooden shoes. Wooden shoes. Yeah. These are from Holland, man. That’s where I was born. Yeah. My mom. Proud Dutch woman. Yeah. This is, they’re wood. They’re real wood. The farmers still wear these things, uh, ’cause they’re good to go through mud, but they’re crack cocaine for bullies. Okay? And so, yeah, you know, uh, I, I, I got my butt kicked again and, and I came up with this belief system that I wasn’t good enough. I used to ask myself, how can I show them I’m good enough? And a lot of people have these limiting belief systems. I’m not good enough. I’m not courageous enough. I’m not strong enough. I’m not old enough. I’m not young enough. Here’s the thing to remember. There’s a reason the acronym for Belief Systems is BS because 99% of them are bs, but we believe they’re real. I mean, I used to be afraid to raise my hand in front of 10 kids in a classroom, and because of fear of rejection, now I speak in front of thousands of people a year, usually in flip-flops. Okay, so you know, you can mitigate this. So if you’re aware of one of these. Limiting beliefs, BS belief systems, drag it out into the daylight. Look at it with your adult rational mind. You’ll recognize that it’s BS and it will dissipate. But you gotta, you gotta think about it consciously and it’ll, it’ll go away. Um, the, the next piece is focus. Um, you know, focus really is power and whatever we focus on gets bigger, both positive or negative. Okay? So it’s very important that you focus on what you want, not what you don’t want. I’ll get, people call me and say, how do I get outta my student loan debt? I’m like, wrong question. How do you make so much money? The debt’s irrelevant, is the question you need to be asking. They asked Mother Theresa if she was anti-war. She said, no, I’m pro peace. I mean, you get it, right? And, and so, and in fact, I’ll give you another example. So I, I, my podcast is over, I believe, over 30 million downloads, which doesn’t sound like a lot in our social media world, but in, in the podcasting space, it’s not bad. But I listened to two podcasts, Joe Rogan and Tim Ferris. I try to get both sides of the aisle. I’m definitely on, on one side. Uh, but, but, um. They get, and the reason I bring that up is they get about 30 million a week, you know, but that big podcast. But, but, um, on, on Tim Ferriss’ show, he interviews the best of the best in the world. You know, the best athletes like Michael Phelps, NFL players and NFL players, NBA players, actors like Hugh Jackman, ed Norton, Jamie Fox, Arnold billionaires like Ray Dalio, heads of the biggest companies on the planet like Zuckerberg. And he deconstructs their success. It’s very intelligent conversation. I mean, I, I love listening to it. I started to hear a pattern, uh, they almost all meditate. What does meditation enhance? Focus, right? So focus is a really important piece of, of, of success. And just a couple more. One is playing, the next one is playing to your strengths. You know, when, when you, when you go to reinvent yourself or if you’re struggling, you know, or, or gonna start something. Play to your strengths and hire a align or partner for your weaknesses. Like in our world, you know, there’s lots of different hats you can wear. It’s a team sport. You could be the person that finds the deals and analyzes them. If you’re analytical, you could be the mouthpiece like me or you, and you’re, you know, raising money, talking to brokers and, and getting the word out. You could be the. You know, the um, asset manager, if you’ve got some project management experience, construction experience, there’s lots of different hats you can wear, but you wanna play to your strengths. Your strengths are your greatest assets. Don’t try to maximize your fears. You’re gonna get much further. Like I said, if you hire aligner partner for your weaknesses, you know, some of the most successful. Um, partnerships I see in the business are an analytical, introverted person with an extroverted, outgoing person. I mean, that’s a match made in heaven in our business. ’cause our business is primarily empirical. You ask the right questions, uh, and, and you get the numbers right. You know, it’s kind of hard to make a big mistake. Um, and so. You know, just make sure you’re playing to your strengths and when you’re playing to your strengths, you’re gonna have passion and passion’s required to influence people. Right? ’cause you love what you do, so you’re passionate about it. So again, real heavy duty argument to play to your strengths. Yeah, I think the last piece, the last piece is, is peer group. Um, you know, who you hang out with is who you become. You’ve heard it, you’ve heard it before. So if you’re gonna get into something, get around people that are doing it. Like my Warrior Coaching program, I’m, I’m gonna brag. I, I, like I said, they own 300,000 multifamily units that we know of. I’m, I, it’s, we’re counting, uh, we know it’s close to 300,000. We’re at like 275,000 or something. I know there’s a lot we’re missing. And, you know, tons of senior housing, tons of self storage, tons of industrial flex space, um, retail mixed use, you name it. Uh, mobile home parks, and. Almost all of those deals were done between warriors, between my students. So you know, ha, who you hang out with is who you become. You know, if you show me your three best friends, I’ll show you who you are in your relationships, your happiness, your health, and definitely your finances. But see, so many people default to a peer group they went to school with or they work with, and those people with their own fears or limiting beliefs might hold you back, you know, afraid of losing you, afraid of feeling less than if you succeed. And sometimes it’s family. I’m gonna tell you, love your family, but proactively choose your peers. Right? You know, and when I was losing everything in 2008 and oh nine, I was in Tony Robbins Platinum Partnership and there were people there that were killing it in that crash, uh, you know, thriving. And they’re like, get up, you puss. 50 million Schmill. Go make something happen. That’s who you wanna be around, not only while you’re building, but certainly when the proverbial stuff hits the fan, right? Uh, so anyway. I, that those are, those are some of the big pieces. Yeah. Well, that, I mean, that’s, let, let’s talk a little bit about the, the business that you’re in. Um, you know, you’re, you’re heavily involved with real estate. Obviously these, uh, mindset things are a great place to start. Now you go out there, let’s talk about where the market actually is and what you’re seeing in this market right now. Does your represent opportunity to you? There’s a ton of opportunity because there’s a ton of people in trouble, sadly. Right. Okay. A lot, a lot of people got adjustable bridge debt. You know, these rates have gone through the moon. I’ll give you a small example. We were looking at a small asset in San Antonio where I’ve got some assets and I. And there, the lender reserve payment that this guy had to pay to prepare for a refinance went from 8,000 a month to 80,000 a month. Do you think that’s painful? Right. And you know, and, and when you’ve got a multi tens of millions of dollar loan on a property and the interest rates adjust several points, you’re done. And, and so that’s just on the interest rate piece. Uh, mentioning my SEC attorney had six foreclosures in one day, apartment complexes, uh, clients, new clients that came to him, he told me like three weeks ago. So who knows how many since then. But you know, there’s a lot of deals and trouble and it’s sad. It’s very sad. But, uh, that’s just one piece is the loans. Uh, the expenses have gone through the thick and roof. I mean, I’ve got maintenance supervisor that’s making $40 an hour at this point, which is crazy. Uh, you know, I, I teach at my bootcamps. Uh, I used to teach a 50% expense ratio. That’s what you want to have. Now I teach 60% ’cause they’ve gone up that much. And so, you know, there’s a lot of pain in the market. But with crisis comes opportunity. There’s incredible deals. I’ve got a a, a 200 unit asset in San Antonio. Um. That is on a lake, and right next door is a 300 unit, 300 plus unit asset. Um, it’s sold the 300 units sold for 43 million in 21 or 22. It’s, it’s with the bank, it’s down to 28 million now. And I’m not even interested unless it gets to 24, unless the rates drop significantly. And so 43 to 24. So that’s what’s out there right now. And di I think you just bought a, a deal at like a 40% discount, didn’t you? Yeah. Yeah. Yeah. And here’s the thing, which is what I wanted to get into as well, and I I just bring, bring people’s attention to it, is that these times in history don’t happen that frequently. Right? Right. And it, and it’s interesting what the, the last multiple, uh, opportunities we’ve, we’ve, we’ve capitalized on, they have been all these situations where it’s a debt problem, right? It’s, it’s an asset that’s performing fine. But someone’s got a month, uh, to go and they just need to get out. They’re gonna lose all their equity, their debts due. Um, yeah, their debts do, there’s like this, this wall of debt, like, I think it’s like a trillion dollars of debt due by the end of this year. So what we’re seeing is, you know, the last several opportunities, 30 to 40% discounts on basis, uh, compared to just two or three years ago. And I think the challenges for investors is that like. In the background, those of us who’ve been through the pain are still feeling the pain and you feel very gun shy about it, right? Yeah. Yeah. Um, and you also start thinking, well, 30 to 40% discounts. Uh, you know, this, this is, this sounds very scary, but in, in reality, I, I’m trying to get people to understand that, that those discounts only last for so long, right? I mean, that if you look at like the, the debt. That’s out there. Most of that really bad debt washes away at the end of this year. At 2026. Yeah. After that, like those 30 to 40% discounts that like people are hearing so often, they’re not gonna be there anymore. No, that’s, and what I, and what I hate to see is people wait two or three years from now and all of a sudden there’s a frothy market and everybody’s jumping on the bwa. ’cause that’s what they always do. That’s not, you wanna be a net seller in that market. That’s right. And, and you know, it’s like you mentioned Warren Buffet’s famous quote, be greedy when others are fearful and fearful when they’re greedy. And, and so right now they’re fearful, which is making harder to raise money. And I’m, I’m having the same conversations. It’s like, Hey, if there was ever a time, it’s right now and now. Now the key, now the key. Differentiator or key factor is it’s all about cash flow. You know, like I said, that that deal at 43 is down to 28. 28 still doesn’t make sense for me. So it’s all about cash flow. And so, you know, I wrote a bestselling book. I’ll brag about, hang on, I’ll show it here. It’s called How to Create Lifetime Cash Flow through Multifamily Properties. The reason I bring this up is the subtitle is The New Rules of Real Estate Investing IE The new rules is it’s all about cash flow. I don’t, you know, I can brag about what you, you know, the discounts you can buy a property for, but it, it’s all about the numbers. It’s got a pencil, it, so cash flow is king. Um, so would you agree with that? Oh, a hundred percent. No. The interesting thing is though, that like, that’s a, that’s actually in real estate. That’s a principle I think a lot of people had, and I think what ends up happening is when the market gets frothy, you kind of skip that step, right? Because then what you’re, then what happens is that the market becomes so competitive that you’re trying to project, okay, I can get this from here to here and I can make it cash flow pretty quickly. And that’s when it gets dangerous, right? Yeah, yeah. Because listen, when Mark, when, when, when rates were, were as low as they were, you could do that. Now what? As soon as they started accelerating, well then you just got behind and, and you, you couldn’t catch up. And that’s kind of what happened. No, that’s it. And the expenses. Yeah. Yeah. They, the business about this market though, and maybe you can get some perspective on this, is what happens. You’ve experienced multiple real estate cycles and one of the opportunities that real estate investors have had throughout the decades is investing in a market where interest rates start to fall. What happens? Well, what happens is, is, is, is, is values As values go up, you know, and here’s the other thing, you know, uh, uh, with inflation, inflation’s not going away. And when you buy a property, the debt’s locked unless you do the adjustable rate thing. But if, if you get a normal, a normal mortgage. The, the rent, the debt is locked, but your, your interest, your rents are gonna continue to climb here. They’re going up, they’re gonna keep going up. And, you know, and, and of course the value of, of what we do is based on a multiple of the net income, the NOI, the net operating income. So any increase of the rents is gonna go to the bottom line. And, and so your values are gonna go up. So again, incredible opportunity to get into this real estate now. With the debasement of the US currency, with with, with all the money they’re printing and everything else, you’re, you’re seeing incredible rises in, in hard assets like gold, silver, of course, we saw a crash in Bitcoin ’cause it’s ethereal, it’s air, but, but real estate, uh, is, is you look at it over, over, you know, 50 years and, and it only goes one direction. It has some dips, but it continues to go one direction. And, and so, you know, I, I love real estate. I always have and. And, and always will. And so, you know, that’s why I teach it, you know, I do, I teach multi and I now teach multiple asset classes. I just taught multifamily for a long time, but now I teach pretty much every asset class and I’m, yeah. So what’s, uh, housing too? Yeah. Tell us a little bit about senior housing and um, yeah, what you’re doing there. I, I, I’ve only purchased one assisted living facility so far, but my students, my God, I can’t even count how many assisted living facilities and memory care units they have. But I, I’m, I’m gearing up. I have a whole team doing it. Uh, we’re cold calling and, and, and the, the, the out, the goal is. Is, uh, uh, 12 units in the next 18, I’m sorry, 12 separate facilities in the next 18 months. And we’re growing up to do that. Uh, we’ve got a ton of interest. And here’s the, here’s the reason why they call it the silver tsunami. There’s, there’s six, 10,000 people a day turning 65, and it goes forever. And it seems like forever. I mean like literally a over a decade and. And again, um, you know, those people. Uh, so there’s a lot of opportunity with that. There’s an opportunity to buy businesses as well. A lot of ’em wanna retire and own businesses, so there’s an opportunity there. But, but, um, in senior housing, there’s, there’s a huge shortage of beds. And, and I’m quite candidly, I’m not sure we’re gonna be able to match the need in the shortage of beds, but there’s a huge shortage of beds and, and so, um, you know, and to build new. The about the least you can build a place for is $200,000 a bed. Well, there are facilities that got crushed by COVID where you can buy. Facilities for sub a hundred dollars a bed. So there’s, there’s a, there’s an opportunity there that we’re capitalizing on. It’s very exciting. Uh, that won’t be around there a lot of, is there a lot of competition from, you know, big money institutions, that kind of thing in this space that are sort of pushing prices up? Because I would think if they would have to, yeah. Yeah. I would think they would have the same sort of thesis overall. So the larger facilities, yes. The, you know, I, I’m not doing the, the 200 bed facilities, you know, I’m in the 50 to a hundred range, you know, uh, kind of the mom and pop range as it were. Uh, and. So, at least to start, I mean, at some point I’ll compete with the larger ones, but we’re starting there and, and there’s just an incredible opportunity to, to get to, and the returns are fantastic. I mean, we’re seeing 15% cash on cash, 25% IRR, realistically not BS returns. And so, you know, it’s very exciting, honestly. And, and, and, and, and again, it’s got legs. It’s not going anywhere. It’s not like one of these things that’s cyclical. There’s, there’s the, these people are retiring. They’ve impacted everything from Pampers diapers to suburbia, and they’re gonna impact, you know, senior housing in a big way. So, um, you know, it’s, it’s that, that’s exciting. Yeah. I got crushed by that wave in 2008. I got crushed by that wave. I’m surfing this wave. Yeah, yeah. Yeah. Good for you. So tell us, you know, a little bit more about how people can get involved. It sounds like you got a lot going on there. So tell us about Well, I, I, I teach, you know, I teach this stuff. I have, I’ve had, I dunno, upwards of 20,000 people attend my bootcamps by the way. Really never had a complaint except that the breaks are too short. ’cause I, I packed three days into two days, but I teach this business and soup to nuts, how to find deals, how to pick a market, how to pick a team, how to underwrite them, how to finance them, how to raise all the money for them, on and on. And so if you go to Rods. links.com. That’s my link tree. That’s where my goal setting workshop is. If you want to do your goals, do it there. But, uh, if you come to my bootcamp, that’s the first thing we do. Uh, ’cause I, I need to have you get very focused on what you want. But, um, you know, it’s two days of training. I don’t sell anything and you can come for $47. So tell me your excuse. Okay? And the bonus, the bonuses are thousands of dollars. You get my deal evaluator software, my document library. You get all this stuff. And you know, and candidly, if you come to the bootcamp and. On Monday, you decide it wasn’t worth it, you didn’t love it. I don’t mean like it, I mean, love it. I’ll give you your 47 bucks back. It’s never happened, but it’s first time for everything. So, yeah, no, I, I, I love what I do. It comes out and what I do, and I, I spend time on mindset too, because again, that’s 80 to 90% of it. That’s why my students are so freaking successful. They actually do it. Um, and so. I, I, I really love it, and that’s where I’ll continue to do it. So I’m, I’m doing one of these virtual events pretty much every month and a half. I’ve got one coming up, I don’t know when this’ll air. I’ve got one coming up in March, March 7th and eighth, and there’ll be one, you know, 60, 45, 60 days after that. So, yeah. Fantastic. Rod, thanks so much for being on the show today. Oh, I appreciate it. I appreciate it. Uh, thank you. And, and again, it’s Rod’s links or text links to 7 2 3 4 5. Matt, thanks. Thanks for having me on. Buck, it’s great to see you again. You make a lot of money, but are still worried about retirement. Maybe you didn’t start earning until your thirties, now you’re trying to catch up. Meanwhile, you’ve got a mortgage private school to pay for and you feel like you’re getting further and further behind. Now, good news, if you need to catch up on retirement, check out a program put off by some of the oldest and most prestigious life insurance companies in the world. It’s. Called Wealth Accelerator and it can help you amplify your returns quickly, protect your money from creditors, and provide financial protection to your family if something happens to you. The concepts here are used by some of the wealthiest families in the world, and there’s no reason why they can’t be used by you. Check it out for yourself by going to wealthformulabanking.com. Welcome back to the show everyone. Hope you enjoyed it. We talked about a lot of things, but I think the mindset step is really important. So if you’re one of those people. Who is worried about, you know, a time in your life right now, or that that things aren’t going well? Things can turn around really quickly. You just gotta have some, you know, you gotta have the right mindset. You gotta have the right goals. That’s it for me this week on Wealth Formula Podcast. This is Buck Joffrey sign now. If you wanna learn more, you can now get free access to our in-depth personal finance course featuring industry leaders like Tom Wheel Wright and Ken McElroy. Visit wealthformularoadmap.com.

Crypto pushes back against Ray Dalio's comments on Bitcoin. Billionaire Ray Dalio blasts Bitcoin again, claiming it lacks the qualities of gold and faces existential threats from quantum computing. Crypto experts are pushing back on those comments, arguing his critiques are "tired" and already priced in. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at nexo.com/coindesk. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Kiera is joined by Derick Van Ness of Big Life Financial to talk about taxes, and how to handle them beyond simply thinking of them as a necessary evil. The pair discuss knowing your numbers, utilizing tax credits, the magic touch of a CPA, and more. Episode resources: Subscribe to The Dental A-Team podcast Schedule a Practice Assessment Leave us a review Transcript: The Dental A Team (00:00) Hello, Dental A Team Listeners, this is Kiera. And today I am super excited. This is one of our top favorite guests that has been on the podcast. We're bringing him back on because there are some new updates and our clients love him. I love him. He is incredible. Derick Van Ness, he is with Big Life Financial. And you might have heard him on the podcast before talking about R &D credits, tax saving ideas, CPA.   This man does a lot of your wealth and how to build and keep your wealth. So I always love our conversations and just like his good information. Plus, if I remember right, he might know Garrett Gunderson. So obviously I've been a fangirl since day one. Derick, welcome back to the show. How are you today?   Derick Van Ness (00:42) Well, I'm doing great and really happy to be here with you, Kiera. I'm not Garrett Gunderson because he is taller and better looking, but I'm a good second place.   The Dental A Team (00:48) Ha ha ha!   I think that you're great. The fact that you know Garrett Gunderson, that already just has elevated you. I mean, I think it was one of our first conversations we ever had. And I was like, have you ever read like Killing Sacred Cows? And you're like, I actually know Garrett Gunderson. I was like, what? Fangirling. So ⁓ anyway, Derick, for those who have not met you, haven't heard your episode, because we do have new listeners to the podcast. Just kind of give them a little intro of who is Derick Bennis? What is Big Life Financial? And give the listeners a little intro to who you are.   Derick Van Ness (01:20) Okay, well outside of being ⁓ in love with my wife, in love with art and in love with racing sailboats, what I do professionally is I help ⁓ doctors and dentists to be smarter with their money. So what does that mean? That means how do you, not so much to make it, I mean we do help people scale, but once you make the money, which is something a lot of dentists are good at, how do you keep it through tax savings? How do you grow it and how do you protect it, right?   And today we're going to talk a little bit about how do you keep more what you make? Because honestly, for dentists, even though taxes seem boring when you don't have to write that $50,000 or $100,000 or $200,000 check, it gets a lot cooler. If you would have told me I'd be a tax and financial guy when I was a kid, I probably would have just taken an early exit somewhere and jumped off a bridge. But I really see money in what we do as a lifestyle business. It's not about money.   The Dental A Team (02:01) Yeah.   Derick Van Ness (02:17) If you have enough, then money is what it is. When you don't have enough, it's a problem. And I just find for a lot of people, it's the reason or excuse that they constrain themselves. They don't spend time with family. They don't think do things that they want to do. They don't have the experiences that are going to change their life. So when we can get money out of the way, then you can live your big life, which is why the company's big life financial, because it doesn't matter if you have more or less money. The question is, what's the life you're living? What's your quality of life?   And so taxes are a big piece of that. Obviously we can't talk about everything on a podcast like this, because you'd be buried under a ton of bricks. But that's what I do is I try to make this stuff easy. I try to make it fun. And I want you to realize that the whole point of all this money stuff is so that you can live a life you want to   The Dental A Team (02:55) You   Which Derick, that's why we have connected. You have met my husband. have had personal conversations outside of the podcast because I very much align and subscribe to this lifestyle and this mode of thinking. I believe that practices should work for us and us not work for our practices. I believe that we became business owners to have these big lives and these, audacious dreams. And yet I feel so many people live below their, their potential. They are trapped. They are.   Derick Van Ness (03:33) Mm-hmm.   The Dental A Team (03:34) It's crazy. I ⁓ had a client and she actually made so much money last year, which was amazing because the year before she was like, Kiera, I want to make more. So I was like, great, we're going after profit and production like blinders on. Don't talk to me about anything else. And she had like a crazy year and she's like, great. Now I have this huge check. I've got to write in taxes. And I was like, not my problem. Like you need better CPA help on that, but glad we made you the money. But I bring that up because one, it was a huge win for a client, but two,   Derick Van Ness (03:52) I don't know.   Yep.   The Dental A Team (04:02) I think that people being able to keep the money that they make, hold on to more money that they make. Like I love that we live in America and it's a free country and that we get to pay taxes. Like I'm so freaking grateful for that. With that said, I do not want to pay one penny more than I need to. And I want to maintain and keep as much as I possibly can to live the life I want and to not feel the guilt of being a successful business owner and to do the fun things that I always imagined and dreamed of doing without the guilt of doing it. And I think so many people are so scared of.   Derick Van Ness (04:11) Yep.   The Dental A Team (04:32) being financially free, they're scared to spend money. They get hit with tax burdens left and right. I can't tell you how many dentists that I hear at the end of their career and they've had great careers, but they have no financial stability. like, Derick, this is the stuff that stresses me out and keeps me up at night and which is why you're on the podcast because I want people to be smarter. want them to be more educated and I want them to live happier lives. So let's walk through like R and D credits and CPA and like how people can live a more enriched   Derick Van Ness (04:33) Mm-hmm.   Yep.   The Dental A Team (05:02) big life today rather than waiting. I think it's just a fun topic to talk about. I'm intrigued, so let's talk about it.   Derick Van Ness (05:07) Yeah   Well, let's do. mean, we can start generally with taxes and then we can kind of move into the credits piece because it is like a it's just a small very segmented piece of what you do with your taxes. overall, the biggest thing I see is most people see taxes as like a necessary evil. This is the thing I have to deal with. When people see something as a necessary evil, what do they do? They do the minimum. Right. And what that really turns into is   You're not talking with your CPA. You're not coordinating with them. You're not being proactive. At the end of the year, you just want to do the least. So you just hand them all your stuff. I realize people don't come in boxes anymore. Now it's like, here's my QuickBooks password. Or I add you to my account. ⁓ And then they tell you how much you owe. But if you ran your business that way, if you just didn't look at anything all year, and at the end of the year, you're like, I wonder how we did. Wouldn't go so well if you didn't talk to your team about anything. What's that?   The Dental A Team (06:01) People do that though, Derick. They do it all the   time. This is not abnormal. They do it all the time. They're like, my gosh, I owe how much? my gosh, we didn't hit goal. And I'm like, ⁓ let's at least look at our numbers. Like that's step one. Step two, let's talk to our team. You're not wrong. I'm just shocked at how many people do this in real life. And I'm like, hey, there's a different way of living. like, maybe let's take that path. Just try it out. It's like t-shirt. Try that one on. It might feel better than your current oversized, like two baggy of clothes that don't fit. And then you're angry.   Derick Van Ness (06:11) I know.   The Dental A Team (06:30) the time. anyway go on didn't mean to interrupt the rant.   Derick Van Ness (06:32) What if I'm gonna be   a Gen Z VSCO girl? I I want the Oversight T-shirt and the angst.   The Dental A Team (06:36) Well, as I said it, as I   said it, I was like, well, that's like the current style. Like what's uncomfortable clothing? Maybe it's like the wool scratchy. I just came back from Iceland and I'll tell you what, I didn't buy a single shirt there. I was like, that is gonna scratch me. I know it's warm, but I'm not wearing that for the rest of time. Like there are softer clothes in this world that are equally as warm. Like I'll choose that. So that maybe you're wearing a wool scratchy sweater. Cause you never look at your numbers. You're always irritable. You're always angry.   Maybe you might get the oversized hoodie that's way more comfy. Maybe that's the better analogy for today.   Derick Van Ness (07:07) Well, and so you help them look at their numbers, right? What's your P &L? What are your KPIs? There are tax numbers too, right? Like I'm usually meeting with clients in September-ish to say, OK, how much have you made so far this year? What does that put us on track for December 31st? And then we have November, I'm sorry, September, October, November, December to do things to get that number at the end where you want it to be. I'm not talking about go out and spend $1.   to save $0.40, right? People do that. Oh, go buy a car. If you don't need a car, that's just a waste of money. I literally had someone who's like, should I just buy a G-Wagon? I'm like, only if you were going to buy a G-Wagon anyway. They want the tax break, but.   The Dental A Team (07:45) I mean, I asked that question too.   I mean, I do. I do ask it as well, but it's unnecessary. You're right. Like, so I can repel you you're not going to do it. Don't just because you get the tax benefit. You just have to pay the money. So, but I do ask because I want to know, just tell me I can buy the boat, Derick.   Derick Van Ness (07:58) Yeah.   Well, boats are totally different. They're way more fun, but they're also way more expensive to maintain. So I love boats. I absolutely do. But they are not cheap, right? As the saying goes, break out another 1,000. That's what boat stands for. Just go to the ocean and throw $1,000 in it every month. That's what owning a boat's like if you don't use it.   The Dental A Team (08:05) They are not. I know.   gosh, I've never heard that.   That's hilarious.   That's hilarious. I've heard like the best day and worst day of owning a boat is the day you buy it and the day you sell it. Like that's the only best days. I have a boat. I do love the boat. It is an older boat. things I'm not... Maybe mine's like break out a 10 because we've got a much older boat. But like, know, when we upgrade then we'll be in the thousand realm. ⁓   Derick Van Ness (08:28) So.   Yep.   Yeah.   Yes, yes. So boats are great. Not usually the best tax strategy. But the big thing here is when you sail a boat or when you drive a car, I heard this the other day and I thought it was perfect. It's like when you drive a car, what's bigger, the windshield or the rear view mirror? Most people are doing taxes in the rear view mirror. That is not about your expansive future. That's about recording your past, right? And so if you just did business planning one year at a time,   Like you wouldn't ever buy the building. You wouldn't ever invest in the equipment. You wouldn't ever invest in the education, right? It's the same thing for taxes. It is part of a cohesive and ongoing plan. ⁓ so when you want to plan that, we have to look into the future. And so looking into the future allows you to control your income, control your expenses. But you have to know your numbers to your point, right? Like if you don't understand a P &L,   It's really hard to do tax work because we don't know what your income is. And I have some clients who come in that way. And I have to really get them to understand that if you don't have good books, you don't have good data, it's like trying to do dentistry without a diagnostic. You just go in and start drilling teeth to see what's happening. No, you wouldn't do dentistry that way. Don't do that way with your taxes either. should I just buy this and I'll just buy that and randomly and I help those work out?   Your P &L is really like your diagnostic, right? Both on the income side, but also that's related to taxes. And so I think the big thing for people is think of taxes as an additional income stream. If you do this right, you can keep, like a lot of dentists pay 40 % or more in taxes, right? So if we can cut that from 40 down to 20 to 25 % on average, that's 15 % straight to your bottom line.   And it probably takes an average of two hours a month at most, which is pretty good, right? Like if you could add a new service into your business, no employees, no marketing, no overhead, two hours a month, but profits went up by 15%, would you take it? Most dentists would say, yeah, that six figures is pretty good.   The Dental A Team (10:53) As long as I'm not going to jail, Derick,   I don't want to go to jail. That's my only line. Like, how is this legal? Because so many people talk about tax strategy and my line is I'm willing to live in the gray, I'm just not willing to go to jail. So how do you go from 40 to 20 that's legal and ethical?   Derick Van Ness (11:01) you   Yeah, we don't want to go to jail.   Yeah, so there's two things. There are lots of little things. So research and development credits, which we'll get to in a minute, is one of those things. It's not little. I would call it a medium thing. For a lot of dentists, it's worth between $10, depending on the size of your clinic, $10,000 $50,000 a year. So it's sizable. And then there's all the pay your kids, cost segregation, salary and dividends, all that kind of stuff. And those things stack up. If you pay your kids right, then that can save you   The Dental A Team (11:21) I agree, I would too.   Mm-hmm.   Derick Van Ness (11:40) 10, 15 grand if you're in a state where you can pay your state taxes and have a federal write-off that might save you 10, 15, 20 thousand dollars a year. Taking a salary, the proper salary versus dividends that might save you another 10 or 15 thousand. So these things start to stack up but when you're in that 500,000 plus tax bracket there are things like and I can't totally get into details because this is stuff for accredited investors and I don't know who the listeners are and all that but there are   Investments you can make that have big tax breaks, right? And that could be everything from energy types of things to short-term rentals, different types of real estate. There's a lot of different stuff, right? So that sort of depends on what's the life you want to build and aligning that. ⁓ There are lots of charitable and donation type strategies where you can create some really big tax breaks. There's entity structuring, ⁓ where you take your income and how you take your income matters.   So you can really layer all of this stuff and make huge chunks, take huge chunks out of your business. The bigger you are, the bigger you can do with these things. And honestly, once you get over a million plus in income, then there's another layer of stuff you can do. It's just a lot of times the setup costs, you have to have enough tax burden to make it worth it. But there's some really neat stuff out there. And some of the stuff with the big, beautiful bill. ⁓   bringing back bonus depreciation. There's some really neat things where, oh, if you do a solar thing, you can get some credits, but then you can also get all the depreciation in the first year. And so you put in $100,000 into this type of investment. You may not make a lot of money, but you might get $150,000, $175,000, $200,000 worth of write-offs on your taxes. And when I say write-offs, mean dollars you don't pay, like true credit dollar for dollar. That could be huge, right? Things like that.   The Dental A Team (13:10) Yes.   Right.   Derick Van Ness (13:38) that a lot of people are just unaware of. And don't take that as an investment advice. I'm just telling you about things that exist in the world that may or may not be for you. Check with your financial professional. But yeah, you start stacking all these things up and you go from, I wrote $150,000 check to, I wrote a $60,000 check. And then what I like to do is help people take that 90 grand you would have given to the government. And now let's add that to what you would already save. And for a lot of people, that's   The Dental A Team (13:47) That's amazing.   Derick Van Ness (14:07) a lot more than they were already saving. So we more than doubled their savings rate. And the fastest thing you can do to build wealth is just get more money into the equation. So that's really it is we're trying to create money that you can then put to work for you outside your business. Because what nobody ever tells you is, even if you're an amazing dentist and you make all this money and you sell your practice for top dollar, and you get all that money, you become a professional investor.   The Dental A Team (14:27) you   Derick Van Ness (14:36) And if you don't have any investment skills, if you don't know how to put that money to work, if you don't know how to protect it, you're just a lamb to the slaughter. You know, everybody shows up, they got an idea. Your brother-in-law wants to start a coffee shop or a brewery. Your neighbor has the next best tech app. And all of a sudden, all this money just starts disappearing because you're not seasoned. So one of the things we like to do is get people doing these types of investments, learning, getting a skill set around it so that when you do get that big   big shot when you sell your business or you have those huge tax or those huge years and you don't pay all the taxes, you know what to do with the money. Because that's a whole different skill set than running a dental clinic.   The Dental A Team (15:17) I don't disagree. And that's why Derick, I love having you on here. And I think your comment of the goal is to get more money to put into the equation. What are the things like, I have 90 grand or I have 150. What are some of those investments that, again, realize that we're being generic and there's a reason you have to be generic is because there are rules that financial planners, advisors, CPAs have to abide by. in general terms, Derick, what are some of the ways that   Derick Van Ness (15:25) Mm-hmm.   The Dental A Team (15:45) you found to generate higher levels of wealth? We're putting more money into the equation, but what's the equation that's going to get it? And again, I know this is very, I would say like vanilla. We're just talking very much basic.   Derick Van Ness (15:56) Yeah, yeah, I'll just   give you the principles, right? The philosophy behind it. One of the things is we always, all of our lives we've heard diversify your assets. Diversify, diversify, diversify.   The Dental A Team (16:06) all weather portfolio, Ray Dalio, right? Like you got to get it everything, have it all. What is it like? think eight uncorrelated assets or something like that is what it should be. Anyway, there you go. Okay.   Derick Van Ness (16:09) Yep.   8 to 16 non-correlated asset   classes. Yep. And the idea here is this. It used to be that you could put your money in the stock market. And each individual stock did its thing based on what its performance was. Since the late 90s, early 2000s, everything's kind of gotten grouped together. Almost everybody just buys the S &P 500 or just buys index funds, which is basically the whole market.   And so if you look at the top five stocks, which are usually the Google, Apple, Tesla, Nvidia, depending on one or two others, ⁓ whatever they're doing is usually what the market's doing, right? It all has a tendency to ebb and flow together because it's all been chunked together. So I don't see those all as different asset classes anymore. How I personally invest, I'm not saying you need to buy into my ideas, but so you can have money there. But then I do think you want to have money in other things.   that maybe aren't tied to the stock market. Maybe you've got some oil and gas. Maybe you've got some farming communities in Central America. Maybe you've got someone who's doing senior living homes, someone who's developing all these empty office buildings. And they're all tied to different things. So that way, if the stock market takes a dump and goes down, that's not all your portfolio. Maybe it's 15 or 20%.   if real estate takes a hit. Yeah, your real estate takes a hit, but maybe something else does well. Having things in your portfolio that if some of them struggle during inflation, some of them do well during inflation, right? Things like gold that holds its value. And so the idea is to be able to put your money to work in a way where it's in a bunch of different buckets that aren't all tied to the same thing. And what that really creates is stability, right? And why that's so important is when you're growing your money,   The Dental A Team (17:46) Mm-hmm.   Derick Van Ness (18:09) You can have the ups and downs a little bit, but when you go to start pulling money out, the volatility, the ups and downs are what really kill your ability to pull money out, because you have to always protect against the downside. And it's why if you look at the market historically, it'll go up, depending on who you ask, 6 to 8%. But when you're pulling money out of the stock market in retirement, the numbers say sustainably over the long term, you can only pull 3 to 4%. Why is that? You would think, ⁓ I can pull.   The Dental A Team (18:21) Mm-hmm.   Right.   Derick Van Ness (18:38) six to eight, but it's three to four because of the volatility. If you are counting on that, it crashes that year and you sell. Then when the market recovers, you have less money to recover with. And over time that stacks up. So the idea there is to work with someone who has the ability to put you into different asset classes, help educate you. This also gives you a chance to try different things. So you can start to get that seasoning we were talking about and learn how money really works because   The Dental A Team (18:43) Right.   Derick Van Ness (19:09) You know, money, health and relationships are the three things that really dictate the quality of your life. And it's funny, we don't spend a lot of time in them in school, right? And so, ⁓ so it's something you have to learn, just like if you don't learn how to take care of your health, you suffer. If you don't learn how to have good relationships, you suffer. And money is another thing. All of those you can get help with, but at the end of the day, you have to be able to be competent enough.   to get the results you want. And money is just one of those things.   The Dental A Team (19:40) Yeah. No, Derick, that's a, think it's such a good way to look at it. And I will say, I was very much a baby investor and I think I still would qualify myself as pretty naive. But it is, they say like, I don't know, what is it? The eighth wonder of the world is compound interest. And it's crazy because when you start out and you just get started on your investments, it feels like this is stupid. At least I have, I've so told many financial advisors, feel like they like,   Derick Van Ness (20:04) Mm.   The Dental A Team (20:07) money monster. So it's like the cookie monster. Like I give my money to you. I never can get it back. I have no clue how to access this money. And then you start to see it and you're like, wow, that started to compound and this started to become different. And we had our first year with it. We didn't have to write such a large check to the IRS and done legally and ethically. And I was like, wow, this is a very different world that I'm living in than I have been. And it wasn't as hard as I thought. And so I, like you said, I do feel like you're   Derick Van Ness (20:11) Yeah.   The Dental A Team (20:33) comfort level and they do say that women tend to be better investors than men because women, we just put money in, we give it to you. We're like, here you go. We don't ever like go check it and watch the stocks. Stocks. Whereas men are like, cons I'm like looking at those stocks, like my husband checks it like 10 times a day. And I'm like, just don't even look at it. Like I don't even, it's the cookie monster, the money monster. You take the money. I know you haven't like taken it. People get angry with me. They're like, Kiera, we can't legally take your money. And I'm like, no, but I just have no clue how to access it. They're like you email. And I'm like, I know.   Derick Van Ness (20:44) Right.   Yep. In your brain, right?   The Dental A Team (21:02) but it like stocks and then I got to pay taxes and I don't understand any of it. But I will say, I think it's like PNLs, the language of money, the language of investing. It's a skill that you are learning. And I do agree, the younger you can learn this, the more time you have to recover if you make mistakes and versus having to be perfect later on in life. So I really very much subscribe to your model of thinking. And I love that. I love that you've talked about taxes, how to save, how to get it into   Derick Van Ness (21:11) Mm-hmm.   The Dental A Team (21:31) Again, I remember I sat in a Tony Robbins wealth mastery thing. Ray Dalio was in the room. had no clue who half like Paul Tudor Jones. I think that's his name. Like so freaking smart. I had no clue who these people were. And like here you've got like five billionaires sitting in the room with us. And I was like, I had no clue. And they start talking about this stuff. And I feel like an idiot, but I will say it's an idiot that I love to be because the more I learn about the more I'm involved in it, the more you expose yourself, the more you learn how it works.   Derick Van Ness (21:38) John Paul Tudor, yeah.   Yeah, I remember.   The Dental A Team (22:00) And I think like what you're saying, Derick, I just hope people talk to your financial advisors, get your uncorrelated assets, start building that portfolio because time, like they say, you only have so much time and the best time to plant a tree was like a hundred years ago. The next best time is today. And I just, I don't want to be that person when it comes to my portfolio where I wish I would have started. All of us will wish we started sooner, but I am grateful that we started as young as we were and are building it the way we have versus   Derick Van Ness (22:23) Yes.   The Dental A Team (22:28) waiting until like, and I don't care if you haven't started then start today. If you've been doing it, figure out how you can do more. ⁓ But I think Derick, I have a question of, I always live in scarcity. So what do you tell a client like myself where I'm always afraid that I'm going to run out of money. I don't know where it comes from. It doesn't matter how much I have. I have acorns upon acorns upon acorns. I swear like you've probably can find money in my couch. I'm not that bad. I don't have it in the couch, but like,   Derick Van Ness (22:32) Yep.   The Dental A Team (22:54) How do you get to a level where you feel comfortable spending money rather than just always saving for retirement and not living today? What's the balance of that?   Derick Van Ness (23:03) Yeah, so what I've discovered working with over 2,500 people on all of this, Kiera, is like money problems don't like quote unquote go away. They just change. In the beginning, it's like, how do I make money? I don't have enough money. How do I manage the car payment or whatever? Then you make a little bit more and you're like, okay, now I'm past survival. Like, how do I start to grow? Right? So you invest in yourself, your business, your education, whatever. Then you start to grow some more.   Then you start saying, okay, now I'm growing and I'm making money and I'm living a decent life, but how do I build for the future? So it's not just the now, then it's the future, right? And then what happens is you definitely get to a point, at least I've seen this for myself and a lot of clients is you start to make a good amount of money and the problem becomes how do I make sure that this doesn't ever go away?   Right? Like now I'm living this really good life and I can travel and I can spend time with family and I can do the things that I want to do. And I can buy nice clothes or go to nice dinner or do nice things for my kids or whatever your thing is. And I don't have to think about money. But then there's this fear of like, what if I lose that? Right. And going back. And so the money problems just change. I believe it's an instinct that's built into us. Like the monkeys that ate bananas and then just stopped worrying and didn't hoard them.   ended up dying faster than the ones that hoarded them, right? And so, like, I think it's an instinct to be paranoid, to be fear-driven, and that's where we have to, as humans, understand our wiring and say, my wiring is for survival, not for happiness and fulfillment, right? Because survival is what reproduced. Happiness and fulfillment, especially in a scary world of survival, ⁓ doesn't do very well.   The Dental A Team (24:27) Sure.   Derick Van Ness (24:52) Right? So, so we have to try to rewire our brain as much as we can. ⁓ And I think the biggest thing is to focus on a big future, a big vision. When you're moving towards something, then you're not focused on moving away from something. When you're in fear, you're, moving away from something. I'm moving away from failure. I'm moving. I'm trying to avoid losing money. I'm trying to avoid running out, trying to avoid making a mistake. You know, this about business ownership, like you can't avoid the mistakes. You just try and minimize them.   and learn from them as fast as you can. Like making mistakes is part of success and nobody says it that way, but I think it's really, really important to get that. And when you're moving towards something, you're in abundance, you're in striving, you're in goal oriented, whatever your thing is. And that doesn't have to be about money. That could be, I wanna be a great parent. I wanna get in better health. I wanna have more free time and make the same money.   So this isn't like just a money conversation, but when you're moving toward those, you have a tendency to lose your fear. I think it's when we aren't sure where to go next that we get afraid of losing ground and we do that. And so I think sometimes it's just a matter of clarity and reminding yourself, where do I want to go? What am I building? Like once you get past a certain point, like, you know, once you get past a certain amount of income or a certain amount of wealth, it's not about money anymore.   Right. It's really about contribution. It's about impact. And I think when we, our mind can really only focus on one thing at a time, especially as men, ⁓ women are much better at seeing the big picture. ⁓ But, but really when you're focused on something that holds your attention and then it doesn't drift to some of the other stuff as much, it doesn't mean you won't. Cause I'll tell you, I'm at my most vulnerable when I wake up in the morning and my brain starts doing payroll and all these other things. And like you said,   The Dental A Team (26:26) you   Derick Van Ness (26:47) I have enough cash stored away that I could not make a dollar for a year and still pay for my whole business and do the whole thing and be fine. But that doesn't mean that that instinctual part of me doesn't freak out for a minute until I come in and say, hey, we're building massive things. We're changing people's lives. Let's just focus on that and let the rest take care of itself. That really is the best thing for me is to focus on where I'm going, not where I'm afraid I might end up.   The Dental A Team (27:15) Absolutely. I   think that was good. Good wisdom there. You are the person, if you guys have heard me talk about it on the podcast, this came from Derick. He's the one who's told me it's a return on emotion, not necessarily a return on investment and like what helps you sleep at night, what helps you stay there. And I love that you talked about like it is a survival instinct. It's not a bad instinct. so loving that side, but also tempering it so that way we can enjoy the fulfillment. And again, I also think that there becomes confidence in yourself. I think enough.   enough business crashes, enough mistakes, enough things where you come back from it also teach you that there's certainty within yourself that no matter what comes your way, ⁓ you know that you'll be able to survive it, you'll be able to come. Someone told me once, it's not unsafe, it's just uncomfortable. Unless someone's running at you with like a knife and it's truly life threatening, it's like if the stock market crashes, that's like we're still safe, it's just going to be pretty dang uncomfortable for a little bit. If we become bankrupt,   Derick Van Ness (27:47) Mm-hmm.   Mm-hmm.   The Dental A Team (28:13) We're not unsafe, we're just uncomfortable. And that has given me a lot of, I think, temperance on when you think about finances, like that'd be uncomfortable, but I am still safe and I would still be alive and we can come back and we can figure things out. So Derick, I know we wanted to pivot gears and talk R &D credits, because this is something that's new. yeah, let's kind of chat that because I think we've gone through tax strategy, building wealth mindset around ⁓ how to maintain and have that.   Derick Van Ness (28:30) Well, yeah, we'll keep it short here.   The Dental A Team (28:42) return on emotion and building those skills. And I really love that you just said money issues don't ever go away, they just change shape. And I think that that's the same as business, right? Business problems just become a different flavor and different color. ⁓ But now let's talk about like some R &D credits because we've talked about R &D. I've seen several clients do very well on R &D credits. So was excited to hear like, they're back and they're back again, and they look a little different. So I'm excited to hear if you guys don't know what they are, Derick will definitely explain them and how you can.   Derick Van Ness (29:02) Yep.   The Dental A Team (29:08) Dental practices are ripe for the picking of R &D, it's exciting to have a resource for dental practices.   Derick Van Ness (29:15) Yeah, dental practices really are because the R &D credits are designed when you do new things in your business that are based in technology. And that could be computer science, engineering, biological science, or physical science, like chemistry, ⁓ which dentists are doing all of that stuff. So when you do new stuff in your business, the government realizes you're taking a risk. You're trying a new implant system. You're trying a new ⁓   a new type of diagnostic, you're trying a new flow for your patients, whatever. Sometimes it blows up in your face. I everybody listening here has tried a new piece of software and after six weeks you wanted to throw the computer out the window and you're like, we're going back to the other one, we got to find something else, right? ⁓ Or we tried 3D printing and it was just really, really hard and like some people love it, some people hate it. But at the end of the day, every time you take that risk, the government knows that you could lose money.   The Dental A Team (29:57) Totally.   Derick Van Ness (30:11) So the R &D credits are really their effort to say, don't stop innovating. Don't stop trying to get better. We know you're going to take some skin, knees, and elbows along the way. And we're willing to give you some credits to help with that. so ⁓ dentists, like dentistry is moving so fast. I don't have to tell the listeners that. There's new stuff every single quarter, every single year. Five years ago, everybody was getting crowns to be milled. Now they're 3D printing teeth and doing all, you know.   digital scans and all the other stuff and pretty quick here, think we have robots doing surgery. I don't necessarily want to be the first person to try that, but.   The Dental A Team (30:45) Yeah, me neither. I'm like number   like 200,000. I'll try it at that point. I'm usually like number two jumping off a cliff if the first person's alive, then I'll jump. Unlike innovative robots, I only have 28 teeth left, so I'll just let them practice a bit more before they come to me. It's okay. Stick with the drill and fill. Yeah, the drill and fill, I'm okay with it. It's all right. It's better.   Derick Van Ness (30:51) Yeah.   Yeah.   Yep.   I'll just pay a little more for the people.   Yes. so effectively, most dentists just don't realize they're qualifying for these credits. And so what we try to help them do is we do a free estimate to help you understand, OK, let's go through the different things that you did in your practice. It takes maybe a half an hour to identify the different things you've done. And right now, there's a window. And this is why we wanted to talk about this today, that closes on the 4th of July of 2026. So we've got about three or four months left.   where you can go back and you can file for 2022, 2023, and 2024. I don't want to bore everybody, but effectively when they did the 2017 tax rewrite, the first Trump tax rewrite, it broke the R &D credits in 2022. You could file for them, but the downside was bigger than the upside, so it wasn't worth doing. Now, they kind of did that on purpose to balance the budget, and they thought, oh, we'll change it before 2022, and then COVID happened, so they never changed it.   So it got broken. So they came back and they fixed it and said, hey, you guys can go back and claim this, but you really only have until the 4th of July. So they gave us one year to do it. ⁓ And so it's a big opportunity, a big window right now where you can get three years worth of credit. So you can literally go back. The government will send you a check for taxes you've overpaid, and you can get that money back. I won't tell you the IRS is really fast at processing this stuff, but they do get to all of them.   The Dental A Team (32:23) Wow.   No.   Derick Van Ness (32:34) And the checks come in, and we've done over 1,000 of these for clients. So it's definitely a legit thing. And the credits have been around since the 80s. They became a permanent part of the tax code in 2015. So they were kind of new. They've been around about 10 years. But the first couple of years, nobody knew. then over the last couple of years, they've become more and more popular. But then they kind of screwed them up in 22 through 24. So the reason I wanted to talk about them is if somebody is a dentist, they're not claiming these credits. But they are doing.   The Dental A Team (32:38) Wow.   Derick Van Ness (33:04) Innovative things upgrading equipment trying new software trying new techniques new implant systems new Diagnostics, whatever you probably got all these credits sitting there. You don't know about and It's worth getting a free estimate to see what's on the table. Yes You do have to amend your taxes, which is a very small pain in the butt But your total time into this should be an hour or two, which is really a short conversation You send over tax returns ⁓ A team like ours would give you an estimate   And if it seems like it's worth doing it, then you do it. You just let them do their thing and you write the check for the fee, right? So it's pretty hard to beat bang for your buck hour for hour. And like I said, for a lot of practices, it's between 1 to 2 % of your gross revenue. This is not a quote. This is just like what I've generally seen. So if you have a million dollar practice, it's probably 10 to 20 grand a year if you're doing these types of things. I mean, I have some. We just did a doctor who's got   Six offices they're getting almost a half a million dollars back right it can be it can be major and Doesn't take him any longer than to take someone with one office so you know it's it's just a big window of opportunity that I wanted to try and squeeze in here and People who haven't done this or unaware. It's like hey, we got a big opportunity and you can do this for 2025 moving forward every year. It's it's back indefinitely and so my hope is   The Dental A Team (34:07) It's incredible.   Derick Van Ness (34:32) People can do the catch up. And then from here forward, you don't even have to amend. You just party your tax return. You just don't pay the taxes. Just like you depreciate equipment or anything else and just get the tax break, the difference is tax credits are dollar for dollar. So if you get $10,000 tax credit, it's just $10,000 you don't pay in taxes, not a $10,000 write off, which might be worth $3,000 or $4,000.   The Dental A Team (34:40) awesome.   Mm-hmm.   Totally. No, and I think Derick, I'm so glad you brought this up. And at first I was creeped out by you. I'm not going to lie. Like when you first started talking about it, was like, are these like, I don't know, what are they called? The opportunity zones. And like, I heard a lot of people got their shorts burned on those. And I was like, do I even put this on the podcast? But I will say, Derick just said he's done thousands of them. They have had great success. I have seen clients tell me, thank you. So that's why I wanted Derick to come on because any client that comes from Dental A Team does get preferred.   Derick Van Ness (35:03) you   huh.   The Dental A Team (35:26) I don't know treatment. don't know what you guys do, but I do know that there's, ⁓ you guys get, you just said you get pushed to the front of line. If you mentioned you heard on Dental A Team podcast, we also have a link with big life financial. I'm pretty sure Derick, if I remember right, I'm pretty sure we do. ⁓ but definitely wanted you guys to have that, especially with a closing in July. And it's something where I love that Derick will just like, he's met with me and my husband several times to talk about multiple things. Derick is non pushy. And I appreciate that about you, Derick. You ⁓ educate.   Derick Van Ness (35:27) Treatment, yep, yep, front of the line.   We do. Yep.   The Dental A Team (35:56) and then give people the information and then you're to make the decisions on your own. So I think like, why not? Why not reach out to Derick? Why not just like see what it looks like? And then you have their resources. They're not going to file unless you want them to. You don't have to break up with your CPA if they file for you. I'm pretty sure. Is that right? Like you don't have to switch.   Derick Van Ness (36:09) Correct.   No, no, yeah,   you don't have to. We can amend it for you. But in a lot of cases, it makes sense to just have your CPA do it. They've got all your information. So but we can handle it either way.   The Dental A Team (36:25) So I think like on that, I just feel it's very much worthwhile. And I know Big Life Financial does a lot. do. I'll let you like take it because I know you guys are added to more services. But I think like if nothing else, we want to have the call to action of like, just look into the R &D credits. Like I said, I have seen multiple checks go to practices. They have not been audited. ⁓ Things have gone very smoothly for them. I was skittish. But I mean, Derick, we've been talking about this, I don't know, almost five years now, if not longer, that we've been telling practices about it. So.   Derick Van Ness (36:52) Yep.   The Dental A Team (36:54) very excited, but Derick, kind of tell about the makeup of what Big Life Financial is and then how people can reach out to you, especially in particular to the R &D credits.   Derick Van Ness (37:04) Yeah, so for the R &D credits, just go to, it's just BigLifeFinancial.com So BigLifeFinancial.com/DAT D-A-T right? Dental A Team. And all you got to do is just set up a time there to talk with myself or someone on my team. It's like a 15 minute call. And we'll just screen it, see if it makes sense. Beyond that, we do offer full service taxes if for some reason you're looking for tax breaks or you feel like you're, for one reason or another, you need to make a change.   then we can do that. We do also work with an RIA. So if you're looking for some of these investments that might have tax breaks or other diversification or whatever, we have those capabilities as well. So we really try to be front to back like what we call like a family office or a fractional family office, which is what the super rich people have. They just have an attorney and a CPA and a   Uh, an insurance guy, an investment guy, or probably 10 investment guys who all just work for them. Obviously most people can't afford to have an entire team that just works for them. So we work with a limited number of people, but we have a coordinated team that way. And, and it's taken me like 10 years to find the right people to do that. That's, that's really it because the Uber wealthy have those people, the people who are making 50 or a hundred thousand bucks a year, they don't need it. We really work in this sweet spot where a lot of people make.   300,000 400,000 on the low end to 2 3 million on the high end. And they're kind of in between, not rich enough to have the team that's all working together all the time, but rich enough that you really need it. Like this segment of the population is the one that just gets crushed on taxes. ⁓ And so we're really doing our best to help minimize that. So that's why we work so much with dentists and doctors.   The Dental A Team (38:56) That's amazing. I love that Derick. And I think for everybody, it was BigLifeFinancial.com slash DAT. We'll be sure to like link that in the show notes and also add it for you guys. But, and Derick, love, I didn't know what a family office was at first. And then I found out hanging out with a lot of wealthy people, what it is. And so for you to provide that, think worth conversations ⁓ and definitely appreciate the insights today. It was a really fun episode. I'm glad we got back together. It's been too long. ⁓ And like truly guys, just reach out.   Again, I would do it as exploration. would do it as like, just find out anytime I hear things like this, I just go book meetings. It doesn't mean I need to actually execute on it. But I think again, learning the language of business, learning the education, seeing if it fills right for you. Now you can ask a million people, but like I said, Derick and I have been doing this for about five years and every client that has been referred to Big Life Financial has gone through, has told me how much they've been grateful for it. So Derick, I appreciate you. Any last wrap up thoughts today as we wrap up today? I appreciate our time so much today together.   Derick Van Ness (39:55) No, I think it's just understanding that part of building wealth is beyond just making income, right? Just making income won't build the life you want to live. Once you earn the money, you got to take care of it. And there's a lot of pieces to that. So whether it's with us or someone else, just take that on for your family's sake. It's not just about making it. It's keeping it and being smarter with it. And if you do that, you're going to be in good hands.   The Dental A Team (40:20) amazing. Well, Derick, thank you so much for being here today. Thank you all for listening. I love what Derick said, like it's not just enough to make the money, we need to figure out how to keep the money and set yourselves up for the great lives that you've been building and to truly have that big life as Derick has described it. So for all of you listening, I hope that today you don't just passively listen, but you actively take action and commit to having the wealth of your life, the wealth of your dreams to have that life that really ⁓   is the life of your dreams. there's a quote from my mirror from when I was little where I said, don't just dream, do. And I think that that's how I'll leave you today. So for all of you listening, thank you for listening and we'll catch you next time on the Dental A Team Podcast.

(0:00) Friedberg Introduces Ray Dalio (1:29) 5 Forces That Will Decide America's Future (7:26) Why Government Reform Is Nearly Impossible (11:19) Gold vs. Bitcoin (28:16) What Economists Got Wrong About Tariffs (41:11) Is America Heading Towards Collapse? Airwallex is a leading global payments and financial platform for modern businesses, offering trusted solutions to manage everything from business account, payments, treasury, and spend management to embedded finance. Check it out: https://airwallex.com/allin Ray Dalio joins the All-In Podcast for the third time to break down why America's debt crisis is worse than most people realize, and what comes next. Dalio covers the five forces reshaping the global order, why DOGE faced structural limits, what's driving gold to all-time highs while Bitcoin stumbles, the real story behind tariffs and trade deficits, and why he believes the US might be approaching a collapse. Follow Ray Dalio: https://x.com/RayDalio Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg

Andreas Steno, founder and CEO of Steno Research, is back with his co-host Mikkel Rosenvold, partner and head of geopolitics, on the latest Macro Mondays. They break down what happened at the Munich Security Conference, Ray Dalio's X article on a changing world order, inflation and job reports, and the timeline for the liquidity impact from the Treasury General Account. Learn more about your ad choices. Visit podcastchoices.com/adchoices

This week on Market Mondays we break down the biggest questions investors are facing right now. We start with our Investing Fact of the Week and Trading Tip of the Week, then tackle a major strategy question: when should you sell long-term winners? If you've had strong returns, is it time to trim gains or let them continue to compound? We also highlight the next tech industry to pay attention to and discuss how much international exposure your portfolio should have going forward.Has the Dow peaked, or is this just healthy rotation? We analyze the recent slide in Amazon and Palantir, break down Ray Dalio's latest article, and explain what Google's 100-year bond signals about long-term economic expectations. Plus, we cover emerging market opportunities and whether now is the time to average into Amazon or stay patient.With rate cut expectations shifting, tech showing defensive characteristics, and AI stocks pulling back, we close with the big question: is this AI correction a healthy reset or a warning sign? If you want to improve your stock picking, tighten your entries, and position yourself for what's next, this is an episode you don't want to miss.EYL University 5 Year Flash Offer (30 Spots): https://eyluniversity.com/#MarketMondays #Stocks #Investing #StockMarket #AIStocks #AmazonStock #Palantir #DowJones #RayDalio #TechStocks #WealthBuildingSupport this podcast at — https://redcircle.com/marketmondays/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Welcome back to Impact Theory with Tom Bilyeu. In today's episode, we dive deep into the seismic shifts shaking the global financial system, with a sharp focus on the recent silver price explosion and what it reveals about our economic future. Tom Bilyeu unpacks how China's grip on physical silver supply is upending decades of western investing habits — exposing the fragility of treating critical resources as mere digital assets on a screen. You'll hear why the old stable world order is unwinding, the risks facing the US dollar, and how legendary investors like Ray Dalio and Warren Buffett are preparing for a landscape ruled by physical assets, not paper promises. This episode isn't just about silver; it's about adapting your mindset and strategy to a new era where confidence in paper assets is fading, and owning what's real is more important than ever. If you want practical actions and big-picture analysis on surviving disruptive change, you won't want to miss what Tom Bilyeu shares today. Let's get started. Quince: Free shipping and 365-day returns at https://quince.com/impactpod HomeServe: Help protect your home systems – and your wallet – with HomeServe against covered repairs. Plans start at just $4.99 a month at https://homeserve.com Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact Incogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Sintra AI: 72% off with code IMPACT at https://sintra.ai/impact Huel: High-Protein Starter Kit 20% off for new customers at https://huel.com/impact code impact Bevel Health: Visit https://bevel.health/impact and use code IMPACT to get your first month free. Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription order Cape: 33% off your first 6 months with code IMPACT at https://cape.co/impact Plaud: Get 10% off with code TOM10 at https://plaud.ai/tom Pique: 20% off at https://piquelife.com/impact What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business: join me here at ZERO TO FOUNDER:  https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show SCALING a business: see if you qualify here.:  https://tombilyeu.com/call Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here.: https://tombilyeu.com/ ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu Learn more about your ad choices. Visit megaphone.fm/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Welcome back to Impact Theory with Tom Bilyeu. In today's episode, we dive deep into the seismic shifts shaking the global financial system, with a sharp focus on the recent silver price explosion and what it reveals about our economic future. Tom Bilyeu unpacks how China's grip on physical silver supply is upending decades of western investing habits — exposing the fragility of treating critical resources as mere digital assets on a screen. You'll hear why the old stable world order is unwinding, the risks facing the US dollar, and how legendary investors like Ray Dalio and Warren Buffett are preparing for a landscape ruled by physical assets, not paper promises. This episode isn't just about silver; it's about adapting your mindset and strategy to a new era where confidence in paper assets is fading, and owning what's real is more important than ever. If you want practical actions and big-picture analysis on surviving disruptive change, you won't want to miss what Tom Bilyeu shares today. Let's get started. Quince: Free shipping and 365-day returns at https://quince.com/impactpod HomeServe: Help protect your home systems – and your wallet – with HomeServe against covered repairs. Plans start at just $4.99 a month at https://homeserve.com Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact Incogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact Sintra AI: 72% off with code IMPACT at https://sintra.ai/impact Huel: High-Protein Starter Kit 20% off for new customers at https://huel.com/impact code impact Bevel Health: Visit https://bevel.health/impact and use code IMPACT to get your first month free. Ketone IQ: Visit https://ketone.com/IMPACT for 30% OFF your subscription order Cape: 33% off your first 6 months with code IMPACT at https://cape.co/impact Plaud: Get 10% off with code TOM10 at https://plaud.ai/tom Pique: 20% off at https://piquelife.com/impact What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business: join me here at ZERO TO FOUNDER:  https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show SCALING a business: see if you qualify here.:  https://tombilyeu.com/call Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here.: https://tombilyeu.com/ ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu's Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu Learn more about your ad choices. Visit megaphone.fm/adchoices