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Jerry won't hire a legend (again.) / To advertise on our podcast, please reach out to sales@advertisecast.com or visit https://www.advertisecast.com/TheJeffWardShow
ROI Podcast™ hosted by Law Smith @LawSmithWorks and Eric Readinger! ROI is... Rhinos On Ice? Roundabout Orlando Ideas? Return On Investment? Who knows? ROI Podcast™! the #1 business/comedy podcast on earth! Entrepreneurship via guest interviews and generally chewing the comedy cud... Here's the episode description we def wrote and LOVE writing Unlock the secrets to landing remote work faster than an ex-NHL enforcer shutting down slow play at a golf course. Join hosts Law Smith and Eric Readinger as they explore under-the-radar remote job boards, hilarious golf-course brawls, outrageous Tinder stats, and surprising revenue insights from OnlyFans. ROI Podcast® delivers another witty and actionable episode blending comedy with top-notch business insights and more topics like: remote work, remote job boards, career advice, business strategy, entrepreneurship, job hunting, OnlyFans revenue, Tinder swipe stats, golf course fight, business podcast, ROI podcast, career tips, professional growth, and online job search Hit subscribe for more comedy-infused business insights—ROI Podcast-style. Episode sponsored by @ZUPYAK https://www.Zupyak.com → promo code → SWEAT @Flodesk -50% off https://flodesk.com/c/AL83FF @Incogni remove you personal data from public websites 50% off https://get.incogni.io/SH3ve @SQUARESPACE website builder → https://squarespacecircleus.pxf.io/sweatequity @CALL RAIL call tracking → https://bit.ly/sweatequitycallrail @LINKEDIN PREMIUM - 2 months free! → https://bit.ly/sweatequity-linkedin-premium @OTTER.ai → https://otter.ai/referrals/AVPIT85N Hosts' Eric Readinger & Law Smith
In this episode, we wrap up our three-part series on the history of WIIRE by diving into the key moments and decisions that have shaped our journey. We reflect on the genuine need that inspired WIIRE, the role community feedback has played in our growth, and the exciting evolution of our offerings, like CEO Bootcamp and the WIIRE Community itself. We also share what it was like to hire our first employees and how building a dedicated team has elevated everything we do. From authenticity and consistency to partnerships and future plans, this episode highlights what has made WIIRE thrive and where we're headed next! Resources:Simplify how you manage your rentals with TurboTenantMake sure your name is on the list to secure your spot in The WIIRE Community - doors open TODAY!Find out all the details on working with our WIIRE BookkeeperLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
In this episode, we're reflecting on the evolution of WIIRE and everything we've learned from building a community of women in real estate. When we first launched our membership, we had no idea what we were getting into—and it showed. We talk candidly about why we ended up shutting that first version down, what we learned about pricing and commitment, and how we've refined our approach to make the experience more valuable for our members.If you haven't listened to Episode 185, make sure to check it out!We share how retreats have become a cornerstone of deeper connection, how podcasting helped grow our reach, and what it was like to write our first book—a huge milestone for us. This journey hasn't been easy, but it has been full of lessons, especially around authenticity, leadership, and continually improving what we offer. If you're curious about the behind-the-scenes of community building, the importance of metrics, or what it's like to pivot and grow, this episode is for you.Is there a topic you'd like us to cover in an upcoming episode? DM us on Instagram and let us know! Resources:Simplify how you manage your rentals with TurboTenantMake sure your name is on the list to secure your spot in The WIIRE Community when doors open on July 14Leave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
In the past two decades, there's been a wave of liberal arts universities in the country – these challenge the traditional Indian model that sequesters students into strict streams. FLAME set up shop in 2007, then Azim Premji, Shiv Nadar, and Ashoka University in 2014. This year, Nayanta University of Pune will take its first batch of students. Liberal arts universities encourage students to take classes in lots of different departments. They also generally have smaller class sizes and focus on the Socratic, discussion model of learning. Liberal arts universities have been around for quite some time now, but what do they offer that's so different from traditional Indian colleges? What are the career prospects of their graduates, and have they changed in the recent past? They're also quite expensive, in the tune of 30-40 lakhs for a three-year Bachelor's course, for instance; are they worth it? Tune in to the latest episode of The Signal Daily to find out more. The Core produces The Signal Daily. We don't do hot takes, instead we bring you deep dives into the how and why of consumer trends.The Core and The Signal Daily are ad supported and FREE for all readers and listeners. Write in to shiva@thecore.in for sponsorships and brand studio requirements.For more of our coverage, check out thecore.inSubscribe to our NewsletterFollow us on: Twitter | Instagram | Facebook | Linkedin
ROI Podcast™ hosted by Law Smith @LawSmithWorks and Eric Readinger! ROI is... Revenue Optimization Initiative? Results Oriented Innovation? Return On Investment? Who knows? ROI Podcast™! the #1 business/comedy podcast on earth! Entrepreneurship via guest interviews and generally chewing the comedy cud... Here's the episode description no LLM or LLAMA can create Ever wondered how Nathan Fielder blends absurd comedy with serious business lessons? In ROI Podcast™ episode 488, Law Smith (@LawSmithWorks) and Eric Readinger break down Nathan's bizarre brilliance from "The Rehearsal," exploring why comedy often tells truths traditional methods can't. Dive into unique strategies of marketing through comedy, leveraging authentic connections, and unconventional problem-solving that'll make your business (and your brain) thrive. Also, comedy business strategy, authentic marketing, creative entrepreneurship, business podcast, comedy lessons, unconventional marketing, Andy Kaufman, Jackass comedy, ROI Podcast, marketing insights, business humor, comedic genius, and avoiding burnout. Chapters cover: Nathan Fielder's comedic genius Why authenticity beats traditional marketing Lessons from "The Rehearsal" on communication and business Andy Kaufman-level dedication to the bit Hit subscribe for more comedy-infused business insights—ROI Podcast-style. #NathanFielder #BusinessComedy #CreativeMarketing #Entrepreneurship #Authenticity #ComedyPodcast #ROIshow #MarketingStrategy #BusinessInsights #TheRehearsal #FunnyPodcast #ComedyBusiness #ComedyLessons Episode sponsored by @ZUPYAK https://www.Zupyak.com → promo code → SWEAT @Flodesk -50% off https://flodesk.com/c/AL83FF @Incogni remove you personal data from public websites 50% off https://get.incogni.io/SH3ve @SQUARESPACE website builder → https://squarespacecircleus.pxf.io/sweatequity @CALL RAIL call tracking → https://bit.ly/sweatequitycallrail @LINKEDIN PREMIUM - 2 months free! → https://bit.ly/sweatequity-linkedin-premium @OTTER.ai → https://otter.ai/referrals/AVPIT85N Hosts' Eric Readinger & Law Smith
The Pushback Talks Summer Series is back!This summer, Fredrik & Leilani are serving up what we call Word Food – bite-sized conversations that pack a punch. Here's how it works: each week, we randomly select two words and dive into a 10-15 minute exploration of how these seemingly simple words intersect with our complex socio-political moment.Think of it as intellectual snacking with substance – light enough for your summer playlist, deep enough to make you think twice about the world around us. New episodes out every Wednesday, so make this your midweek ritual for curious minds.This week: ROI (Return on Investment) & SaviourSupport the show
Ed Parcaut welcomes Nick Jain, CEO of IdeaScale, to the Inner Edison Podcast for an inspiring conversation about entrepreneurship, leadership, and innovation. Hear Nick share his compelling journey from humble beginnings as the child of Indian immigrants in Canada to hedge fund investor on Wall Street, and ultimately to turnaround CEO for multiple companies. Nick dives deep into the lessons learned from his upbringing, the immigrant work ethic, and how becoming a new parent has changed his perspective on life and business. Discover how Nick transitioned from Wall Street to running large organizations, why understanding the numbers is key for any business, and how using AI tools like ChatGPT is transforming productivity at IdeaScale. If you're a business owner, entrepreneur, or just passionate about innovation, you'll get actionable insights on eliminating waste, building metrics-driven teams, and using technology to scale. Nick also discusses IdeaScale's mission—to help organizations of any size harness the power of collaborative ideas—and shares how you can start innovating for free. Whether you're running a one-person shop or a global corporation, this episode is packed with practical wisdom to help you grow and future-proof your business. Connect with Nick on LinkedIn or try IdeaScale at ideascale.com. **Contact Ed Parcaut:** -
In this episode, we're taking you behind the scenes of how WIIRE really started. What began as a few social media connections has evolved into a powerful and growing community for women in real estate. Our very first meetup drew 30 to 40 attendees—far beyond what we expected—and that moment showed us there was something special here. We never set out to build a business, but by listening to our members and staying true to our values of authenticity and connection, WIIRE grew organically.We discuss how we transitioned from hosting free meetups to organizing retreats (our first one sold out before we even knew what we were doing!) and ultimately developed a more structured, sustainable business model. Along the way, we embraced risk-taking, learned from our early missteps, and built credibility through partnerships and experience. We also share why having a supportive team has been a game changer, and how we're now leaning into online business systems and automation. This episode is all about the messy, exciting evolution of WIIRE—and a glimpse into what's coming next. Resources:Simplify how you manage your rentals with TurboTenantGet your name on the list for when doors open to The WIIRE CommunityLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
Thinking about buying a franchise? Already signed the agreement? Before you go any further, you need to hear this. In this episode of Franchise Fridays, Jeff Dudan breaks down the math that most new franchisees overlook—the numbers that actually determine success. From gross margins and breakeven timelines to owner's benefit and revenue profiles, Jeff walks you through the real financial model behind franchise ownership. 65% of small business owners admit they didn't understand the numbers before they launched. Don't be one of them. In this episode: ✅ How to calculate real ROI (Return on Intention) ✅ The 4 key financial milestones of a franchise ✅ Gross margin vs. net margin explained simply ✅ How long it really takes to get paid ✅ Why pulling from your marketing budget can kill your business ✅ What private equity and top investors look for in a franchise ✅ The #1 math mistake new owners make—and how to avoid it
Thinking about buying a franchise? Already signed the agreement? Before you go any further, you need to hear this. In this episode of Franchise Fridays, Jeff Dudan breaks down the math that most new franchisees overlook—the numbers that actually determine success. From gross margins and breakeven timelines to owner's benefit and revenue profiles, Jeff walks you through the real financial model behind franchise ownership. 65% of small business owners admit they didn't understand the numbers before they launched. Don't be one of them. In this episode: ✅ How to calculate real ROI (Return on Intention) ✅ The 4 key financial milestones of a franchise ✅ Gross margin vs. net margin explained simply ✅ How long it really takes to get paid ✅ Why pulling from your marketing budget can kill your business ✅ What private equity and top investors look for in a franchise ✅ The #1 math mistake new owners make—and how to avoid it
Is she back? Maybe. Choppin it up with Neal Carter of NuView Consulting & Disability Victory. You can find Neal on Bluesky at nealcarter.bsky.socialYou can find me on Threads @MostlyMax & on IG @MostlyMaxandotherthings & on Bluesky at mostlymax.bsky.social
Ever feel like you don't know how to help a friend who's clearly not okay? In this raw and ridiculous episode, Law Smith and Eric Readinger discuss Simon Sinek's concept of "just 8 minutes" — and how it might be enough to help someone feel less alone. ROI #487 is a caffeine-fueled ramble through fence building, family dynamics, empathy vs. sympathy, and the reality of adult friendships. Expect real talk, wild tangents, and a dose of actionable insights on why checking in (even briefly) can have huge impact. No fluff. Just ROI: where comedy and business collide like a stubborn post hole digger. ROI Podcast™ Ep. 487 — A business-meets-comedy look at helping people without burning out yourself. Law Smith and Eric Readinger get real about: The underrated impact of an 8-minute call How to audit your relationships and set boundaries Why multitasking is nonsense (and what to do instead) Energy vampires and other real-life struggles mental health podcast, ROI Podcast, Simon Sinek, friendship tips, business podcast with humor, personal development, emotional intelligence, men and empathy Episode sponsored by @ZUPYAK https://www.Zupyak.com → promo code → SWEAT @Flodesk -50% off https://flodesk.com/c/AL83FF @Incogni remove you personal data from public websites 50% off https://get.incogni.io/SH3ve @SQUARESPACE website builder → https://squarespacecircleus.pxf.io/sweatequity @CALL RAIL call tracking → https://bit.ly/sweatequitycallrail @LINKEDIN PREMIUM - 2 months free! → https://bit.ly/sweatequity-linkedin-premium @OTTER.ai → https://otter.ai/referrals/AVPIT85N Hosts' Eric Readinger & Law Smith
In this episode of the podcast, we're hosting a special Ask Me Anything session, tackling real-life questions from the WIIRE Community. Covering a range of topics—from creative financing and property management to lending and scaling—this episode offers practical, experience-backed insights for women at all stages of their real estate investing journey. We're answering questions submitted through the WIIRE Community; a platform we receive constant praise for being both educational and supportive. We share relatable advice, personal experiences, and actionable tips that you can immediately apply to your own investing strategies. Whether you're wondering how to find your first off-market deal, navigate a tricky lending scenario, or manage tenants with less stress, this episode is packed with valuable gems from women doing the work. Tune in for straight talk, shared wisdom, and plenty of inspiration.Lastly, doors will be opening for The WIIRE Community opening again in July and spots will go quick, so make sure your name is on the waiting list to be the first to know when it happens! Resources:Simplify how you manage your rentals with TurboTenantGrab your spot in The WIIRE CommunityLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
In this episode, Scott Becker shares a humorous and insightful story about investing in a high-end golf lesson.
In this episode, Scott Becker shares a humorous and insightful story about investing in a high-end golf lesson.
In this episode of the Women Invest in Real Estate podcast, we're diving into the pivotal mindset and operational shifts you need to scale a real estate portfolio beyond five properties. We address the unique challenges that women investors often face and explore how many stall out by not treating real estate as a true business. The conversation offers actionable insights on building a strong team, creating streamlined systems, and embracing delegation. We also discuss the importance of paying yourself, investing in a property manager, and tracking your time to uncover what can be delegated. From the value of surrounding yourself with like-minded peers to the power of creating SOPs, this episode is packed with practical advice to help listeners overcome scaling roadblocks and take their investing to the next level. Whether you're just getting started or looking to grow, this is a must-listen for serious real estate entrepreneurs.If you've struggled to scale your business because of fear of losing your sanity? Hint: it's easier than you think! Join us on June 18 at 12pm CT for our free webinar! Lastly, doors will be opening for The WIIRE Community opening again in July and spots will go quick, so make sure your name is on the waiting list to be the first to know when it happens! Resources:Simplify how you manage your rentals with TurboTenantSecure your seat for our free webinar on June 18 at 12pm CTGrab your spot in The WIIRE CommunityConnect with the WIIRE Bookkeeper Leave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
In this episode of the podcast, we dive into the power of staying in your zone of genius as a real estate investor. Reflecting on our own journeys, sharing lessons learned from missteps, and how identifying and leaning into our individual strengths has improved both profitability and lifestyle. The discussion highlights the importance of delegation, avoiding shiny object syndrome, and recognizing red flags—like spreading yourself too thin across multiple markets. We also emphasize the value of documenting your tasks to better understand where your time is best spent and how to build a team that supports your growth. With a strong focus on mindset and strategy, we want to remind listeners that investing in your time and surrounding yourself with the right people can make all the difference. Want more? Join our webinar on June 18 at 12pm CT to learn how we scaled our businesses to 70+ doors, without losing our sanity!This episode is a must-listen for anyone seeking clarity and focus in their real estate business. Resources:Simplify how you manage your rentals with TurboTenantGrab your seat for our webinar on June 18 - HURRY, seats are limited!Grab your spot in The WIIRE CommunityLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
Get in Touch! Send us a message.Hey there, welcome back to Elevated! I'm Brandy Lawson, and today we're talking money—specifically how to figure out if that shiny new design software is actually worth your hard-earned cash. GET IN TOUCH
In this episode, Erica Kiang shares her inspiring journey from the fashion industry to becoming a successful real estate syndicator. After recognizing the need for passive income, Erica dove into real estate and quickly found her niche in syndications. She emphasizes the power of networking, mentorship, and understanding the distinct roles within a general partnership. Erica breaks down the basics of syndications—how they pool capital from passive investors, the pros and cons of being a limited versus general partner, and the importance of conservative underwriting. She also explains compensation structures and the value of partnering with strong operators. Throughout the episode, Erica offers practical resources for aspiring investors and shares her long-term goal of building passive income while fostering community within the real estate space. This conversation is a must-listen for anyone looking to break into syndications or scale their investment strategy! Resources:Simplify how you manage your rentals with TurboTenantConnect with Erica on InstagramGrab your spot in The WIIRE CommunityLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
The Steelers have four guys on the O-Line entering either their second or third season plus veteran Isaac Seumalo, so does this group have the potential to be the best the Steelers have had since the peak of the Pouncey/DeCasetro era.See omnystudio.com/listener for privacy information.
What is the return on investment for recovery? How long does it take to start seeing returns?Today on the Faithful & True Podcast, Dr. Greg Miller is joined by Anthony Gonzalez, one of the newest members of the Faithful & True team.Listen as they share about why it's worth investing in recovery over the long haul. Subscribe to our YouTube channel: - https://bit.ly/FaithfulandTrueAttend a Workshop Experience - For Men - https://bit.ly/MensJourneyWorkshop - For Women - http://bit.ly/WomensJourneyWorkshop - For Couples - http://bit.ly/CouplesIntensiveWorkshopContact us: - https://faithfulandtrue.com/ - info@faithfulandtrue.com - 952-746-3880Dr. Mark Laaser, M.Div., Ph.D., was considered one of the Christian leaders in the field of sex addiction before his death in September 2019. Mark, together with his wife, Debbie Laaser, MA, LMFT, have shared their 32 years of personal experience in sexual addiction recovery with thousands of individuals and couples through their work and resources at Faithful & True.The Faithful & True 3-Day Intensive Workshops continue to transform lives, rebuild trust, and help heal marriages.Send us a text
In April, LSC published a research brief, “The Economic Case for Civil Legal Aid,” which shows the results of a systematic review of 56 economic impact studies conducted between 2003 and 2023. The independent evaluations examined 39 different states. Every study found a positive return on investment (ROI) for civil legal aid spending, with an average return of $7 for every $1 invested in these legal services. Hear one compelling example from a medical-legal partnership between Amerihealth Caritas D.C. and Children's Law Center. Learn more about your ad choices. Visit megaphone.fm/adchoices
In April, LSC published a research brief, “The Economic Case for Civil Legal Aid,” which shows the results of a systematic review of 56 economic impact studies conducted between 2003 and 2023. The independent evaluations examined 39 different states. Every study found a positive return on investment (ROI) for civil legal aid spending, with an average return of $7 for every $1 invested in these legal services. Hear one compelling example from a medical-legal partnership between Amerihealth Caritas D.C. and Children's Law Center.
In this episode of the podcast, we sit down with our friend Shalom Yusufov, a hard money lender, to explore his path into real estate finance and the world of alternative lending. As one of the few male guests on the show, Shalom brings a fresh perspective to the conversation, sharing valuable insights on how investors—especially newer ones—can leverage hard and private money to fund their deals.We dive into the key differences between hard money and private money lending, the importance of understanding where funds come from, and how each option fits different investment strategies. Shalom reflects on his first deal, the lessons it taught him, and how he transitioned from private to hard money lending. The episode also touches on the value of networking, the benefits of being young in the industry, and the ongoing need to adapt and learn in real estate finance.Whether you're curious about funding your next project or simply want to expand your knowledge of lending options, this episode is packed with practical advice and real-world experience. Resources:Simplify how you manage your rentals with TurboTenantGrab your spot in The WIIRE CommunityConnect with Shalom on InstagramLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
Ross is the Founder of Fencepost, a digital marketing agency that helps businesses grow their revenue by increasing their visibility and connecting them with more high-quality customers.Fencepost has generated 25K+ qualified new leads and 3K+ new 5-star reviews (just last year) for their clients. They use the "Local Growth Formula", a proven method created by Ross that leverages paid search, online reviews, business listings optimization, and more to ensure their clients' businesses show up when their ideal customers search for them. Connect with Ross McDaniel:Website: https://www.fencepost.co/ LinkedIn: https://www.linkedin.com/in/lrmcdaniel/ Facebook: https://www.facebook.com/fencepostads Instagram: https://www.instagram.com/fencepost.co/TurnKey Podcast Productions Important Links:Guest to Gold Video Series: www.TurnkeyPodcast.com/gold The Ultimate Podcast Launch Formula- www.TurnkeyPodcast.com/UPLFplusFREE workshop on how to "Be A Great Guest."Free E-Book 5 Ways to Make Money Podcasting at www.Turnkeypodcast.com/gift Ready to earn 6-figures with your podcast? See if you've got what it takes at TurnkeyPodcast.com/quizSales Training for Podcasters: https://podcasts.apple.com/us/podcast/sales-training-for-podcasters/id1540644376Nice Guys on Business: http://www.niceguysonbusiness.com/subscribe/The Turnkey Podcast: https://podcasts.apple.com/us/podcast/turnkey-podcast/id1485077152
Hey friends! We are welcoming back our friends Jenn & Joe Delle Fave this week to dive into the world of creative financing with a focus on wrap mortgages—a strategy gaining traction in today's high-interest market. We're breaking down how wrap mortgages work, their historical roots, and why they're making a comeback.We walk through a real-life deal to show how this strategy plays out in practice, highlighting the critical role of seller motivation and flexible deal structuring, and share tips on finding and vetting tenant buyers, marketing properties as rent-to-own, and using non-refundable option deposits to secure committed buyers.From single-family homes to high-end properties, this episode reveals how creative financing can open up new, profitable paths for investors—especially when paired with patience, strong negotiation, and a solid network.Check out Jenn & Joe's previous episodes:Episode 35Episode 36Episode 37Episode 38If you're ready to think outside the traditional lending box, this episode is a must-listen! Resources:Simplify how you manage your rentals with TurboTenantGrab your spot in The WIIRE CommunityConnect with BrieAnne on InstagramLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
ROI! Return On Investment? Ritual Of Indulgence? Robust Oral Idol? ROI Podcast™ hosted by Law Smith @LawSmithWorks and Eric Readinger... Here's the episode description fo sho fo sho wrote Law Smith and Eric Readinger piggyback off the previous episode hitting the back walls about hilarious chaos behind Tampa's 2 Bears 5K race. Law shares his adventures sprinting through Raymond James Stadium in American flag speedos, awkward celebrity run-ins with comedians Bert Kreischer and Tom Segura, and funny mishaps you won't hear anywhere else. Expect wild stories, comedic insights, and candid celebrity gossip—all served with ROI's signature humor. Buckle up comedy fans, this one's a ride. N.O.R.E. Noreaga, Comedian Meat Dave's Dave Williamson, Dean Akers, Jason Kelce, Bo Allen, Former All Pro and former Buccaneer Ryan Jensen, Buccaneer OG Cody Mauch, Buccaneer C Graham Barton, All Pro Buccaneer OT Tristian Wirfs, Barstool's Frank The Tank, Kevin KFC Clancy, John Feitelberg, Mike Calta, Por Osos Vodka, 2 Bears 1 Cave, Spartan Race, Oddsox, Alexis Fawx. Host Law Smith shares an unforgettable encounter with the genuinely gracious Alexis Fawx. Dive into candid, hilarious reflections on dating app mishaps, eyebrow disasters, and navigating today's relationship minefields. Laugh, learn, and improve your emotional intelligence by decoding life's subtle absurdities—only on ROI Podcast®. Episode sponsored by @ZUPYAK https://www.Zupyak.com → promo code → SWEAT @Flodesk -50% off https://flodesk.com/c/AL83FF @Incogni remove you personal data from public websites 50% off https://get.incogni.io/SH3ve @SQUARESPACE website builder → https://squarespacecircleus.pxf.io/sweatequity @CALL RAIL call tracking → https://bit.ly/sweatequitycallrail @LINKEDIN PREMIUM - 2 months free! → https://bit.ly/sweatequity-linkedin-premium @OTTER.ai → https://otter.ai/referrals/AVPIT85N Hosts' Eric Readinger & Law Smith
Global Investors: Foreign Investing In US Real Estate with Charles Carillo
LLCs provide significant benefits to real estate investors. In this episode, Charles discusses these advantages and why real estate investors should utilize LLCs in their investment strategy.
Copper State of Mind: public relations, media, and marketing in Arizona
Abbie and Adrian discuss the value of postgraduate degrees, questioning whether formal education is necessary for success in today's job market. Abbie emphasizes that while she values her Master's degree for personal growth, she believes that education doesn't always have to come from traditional institutions. She talks about the importance of trade skills, the evolving nature of professional qualifications, and the need for continuous learning, regardless of the format. Adrian encourages listeners to think critically about their educational paths and the skills required in their desired fields before jumping into a postgraduate degree program. He also argues that "Return On Investment" is not the only factor to consider. Curiosity and practical experience--the ability to DO things, not just KNOW things--often weigh heavily in hiring decisions. Abbie concludes the episode by talking about some of the qualities she looks for when hiring employees at HMA Public Relations. Read the transcript and notes for this episode on our website. Key Takeaways While higher education was once viewed as a guaranteed pathway to prosperity, current discussions often question its true value in today's job market. Continuing education can take many forms, and formal degrees are not the only way to gain valuable skills and knowledge for various careers. The conversation around the necessity of degrees is evolving, with many fields favoring skills and experience over formal qualifications. As industries change, the importance of hands-on experience and continuing education remains, highlighting the need for adaptation in career paths. Employers increasingly value curiosity and practical experience, suggesting that real-world skills can often outweigh formal academic achievements in hiring decisions. Follow the podcastIf you enjoyed this episode, please follow Copper State of Mind in Apple Podcasts, Spotify, or any other podcast app. We publish new episodes every other Friday. Just pick your preferred podcast player from this link, open the app, and click the button to “Follow” the show: https://copperstateofmind.show/listen Need to hire a PR firm? We demystify the process and give you some helpful advice in Episode 19: "How to Hire a Public Relations Agency in Arizona: Insider Tips for Executives and Marketing Directors." CreditsCopper State of Mind, hosted by Abbie Fink and Dr. Adrian McIntyre, is a project of HMA Public Relations, a full-service public relations and marketing communications firm in Phoenix. The show is recorded and produced by the team at Speed of Story, a B2B communications firm, and distributed by PHX.fm, the leading independent B2B podcast network in Arizona.If you enjoyed this episode, you might also like the PRGN Presents podcast, hosted by Abbie Fink, featuring conversations about PR, marketing, and communications with members of the
Welcome back, friends! This week, we dive deep into the fundamentals of Limited Liability Companies (LLCs) and why they matter for real estate investors. Whether you're just starting out or scaling your portfolio, understanding how to properly use an LLC is key to protecting your assets and building a strong foundation.We're debunking common myths—like the belief that forming an LLC automatically makes you a business owner or offers bulletproof protection—and explaining why careless mistakes can still leave you personally liable. One key topic we cover in this episode is "piercing the corporate veil," where mismanagement (like co-mingling funds or using incorrect signatures) can strip away an LLC's legal protections.Lastly, we also share real-life lessons from transaction missteps and offer actionable tips: keep business and personal finances separate, use proper documentation, counter-sign leases, and file biennial reports to stay compliant. Walk with us as we even break down structuring strategies, like separating active and passive income and considering an S-Corp or series LLC, depending on your goals and state laws.Want the deets on our 1:1 consulting program—designed to empower women to confidently transition into full-time real estate investing? Click here for more information.Tune in to learn how to protect your assets, avoid costly mistakes, and start treating your business like a business. Resources:Simplify how you manage your rentals with TurboTenantGet the deets on our 1:1 consulting programGrab your spot in The WIIRE CommunityLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
Switching Shop Management Systems isn't as hard as you think! Give Shop Controller a try HEREIf your DVI isn't certified, you're losing customers! Get a FREE certification when you touch HERE!In this episode, Braxton Critcher is joined by Tom Schearer to discuss the value and impact of attending automotive training events, with a special focus on the upcoming TOOLS Conference in Lancaster, Pennsylvania. Tom addresses common concerns about the cost of training and emphasizes the strong return on investment for shop owners and technicians who attend. The conversation also highlights how ongoing education not only keeps teams up to date with rapidly changing technology but also strengthens shop culture and networking within the industry.Sign up for TOOLS HERE00:00 Role Play: Addressing Training Hesitations05:45 Comprehensive Training Conference Overview07:42 Training Benefits Outweigh Costs13:27 Team Training and Staff Changes16:37 Collision Classes & Networking Highlights20:08 "Importance of Networking Events"21:24 "Automotive Repair Podcast Promo"
You signed up for coaching. You paid the invoice. You showed up to the Zoom. And now... you're waiting for the miracle. Well, I hate to break it to you (actually, I don't)—but coaching doesn't work unless you do. This week on Breadwinning Business Women, I'm laying it all out:
Send us a textIn today's episode, we're diving into a practical blueprint for making those big, life-shaping decisions that often feel overwhelming because of the risks involved. The process unfolds in four main stages, each with important sub-steps to guide your thinking. Start by asking yourself if the decision is reversible-can you change course later, or is it a one-way door with lasting consequences? Next, consider how much time you have: if time is tight, it's usually wiser to take the safer path. If you do have time, assess how much certainty you have about the options. When there's a fair amount of certainty, go for the choice with the highest return on investment. But if uncertainty is high, pause and ask yourself whether you might regret this decision down the line. This framework helps you navigate complexity, manage risk, and make confident choices about your future. Tune in for a step-by-step guide and real-world examples to help you master big decisions.في حلقة اليوم، سنتناول خارطة الطريق العملية لاتخاذ القرارات الكبيرة والمصيرية التي غالباً ما تبدو صعبة بسبب المخاطر المرتبطة بها. تتكوّن هذه العملية من أربع مراحل رئيسية، وكل مرحلة تتضمن خطوات فرعية مهمة تساعدك على التفكير بشكل منهجي. ابدأ بسؤال نفسك: هل القرار قابل للتراجع أم لا؟ هل يمكنك تغييره لاحقاً أم أنه قرار نهائي لا رجعة فيه؟ بعد ذلك، فكّر في الوقت المتاح أمامك: إذا كان الوقت ضيقاً، من الأفضل غالباً اختيار الخيار الأكثر أماناً. أما إذا كان لديك متسع من الوقت، فقيّم مدى اليقين الذي تملكه تجاه الخيارات المطروحة. إذا كان هناك قدر كافٍ من اليقين، اختر الخيار الذي يحقق أعلى عائد ممكن. أما إذا كانت نسبة عدم اليقين مرتفعة، توقف واسأل نفسك: هل من الممكن أن أندم على هذا القرار لاحقاً؟ هذه المنهجية ستساعدك على التعامل مع التعقيدات، وإدارة المخاطر، واتخاذ قرارات واثقة بشأن مستقبلك. استمع للحلقة لتتعرف على الدليل الكامل خطوة بخطوة وأمثلة واقعية تساعدك على إتقان فن اتخاذ القرارات الكبرى. Support the showSupport the Podcast on:https://www.paypal.com/paypalme/okuwatly?locale.x=en_UShttps://www.buymeacoffee.com/MaBa3refSubscribe to Maba3ref Newsletter:https://maba3refbranching.beehiiv.com/Connect with Maba3ref Podcast:https://www.instagram.com/maba3refbyomarConnect on TIKTOK:https://www.tiktok.com/@okuwatly
I'll tell you what happened in my career before. Maybe you've been there, too.There's a sponsorship, sometimes a fairly high-profile sponsorship, and I have gotten asked to write it about it in an ad or email…but, there wasn't really a strategy. That is not the way to get the best ROI, the most juice for the squeeze.Sponsorships truly succeed when they tie into the value proposition of the brand. So this lesson in a recent podcast guest application really grabbed my attention – “Maximize brand awareness by going beyond the ‘logo slap' sponsorship”To hear the story behind that lesson, along with many more lesson-filled stories, I talked to Rebecca Biestman, Chief Marketing Officer, Guild [https://guild.com/].Guild raised $175 million in a Series F funding round in 2022, at a $4.4 billion valuation. Wellington Management led the financing, and Oprah Winfrey participated in the round, along with other backers. Biestman manages a team of 70 in the marketing department.Lessons from the things she madeMaximize brand awareness by going beyond the “logo slap” sponsorshipEmbrace new tech that helps drive your brand strategyTo build a brand that lasts, consider rebranding a team sport Be prepared to step up when the unexpected happensThe best candidate for a role isn't always the one who has done it beforeMaking a difference and building something great aren't mutually exclusiveDiscussed in this episodeJoin us for MEC050: Let AI Agents Market For You [https://join.meclabsai.com/ai-agents] on Tuesday, May 13th at 2 pm EDTCreative Marketing: Does it all make sense? (Podcast Episode #19) [https://www.marketingsherpa.com/article/interview/creative]Marketing at 200 MPH: Sports sponsorship lessons from F1 & finance (podcast episode #125) [https://marketingsherpa.com/article/interview/sports]Get more episodesSubscribe to the MarketingSherpa email newsletter [https://www.marketingsherpa.com/newsletters] to get more insights from your fellow marketers. Sign up for free if you'd like to get more episodes like this one.For more insights, check out...This podcast is not about marketing – it is about the marketer. It draws its inspiration from the Flint McGlaughlin quote, “The key to transformative marketing is a transformed marketer” from the Become a Marketer-Philosopher: Create and optimize high-converting webpages [https://meclabs.com/course/] free digital marketing course. Apply to be a guestIf you would like to apply to be a guest on How I Made It In Marketing, here is the podcast guest application – https://www.marketingsherpa.com/page/podcast-guest-application
WUPF || UMPJ || The year 2025 session of World University of Prayer and Fasting Course for CEMAC Zone and Nigeria in Ndoumbi. From 30th April to 7th of May 2025
In this episode of the podcast, we're welcoming Amy Mahjoory, a real estate investor and expert in raising private money. Amy shares her journey from corporate life to real estate investing, highlighting the power of networking and rapport-based lending. Amy emphasizes that raising private money is all about relationships—investors are more likely to fund deals when they trust you and your strategy. She shares practical advice on securing loans with promissory notes, managing finder's fees, and proactively communicating with lenders to build credibility.Amy also introduces RPM, a tight-knit community of investors actively raising private money. Whether you're just starting or looking to scale, this episode is packed with actionable insights to help you secure funding and grow your real estate business! Resources:Simplify how you manage your rentals with TurboTenantConnect with Amy on InstagramGet your name on The WIIRE Community waitlistLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
I want to hear your thoughts about the show and this episode. Text us here...Ever wonder how to write emails that actually sound like you—without overthinking it, over-editing, or overcomplicating it?In this powerful, laugh-out-loud and truth-filled episode of Casa De Confidence, I'm joined by the incredible Liz Wilcox—email marketing strategist, Survivor finalist, and self-proclaimed Fresh Princess of Email.Yep, she's walked the wild jungles of both reality TV and the online business world… and she's here to give us the real-talk version of how to make email marketing feel doable, effective, and—dare I say—fun.Whether you're still avoiding your email platform or trying to figure out what a “lead magnet” even is, Liz has the simplest and most effective roadmap for using your email list to make real money online (without burning out or pretending to be someone you're not).What You'll Learn in This Episode:How Liz went from RV blogger with bad internet to email marketing queen The #1 hurdle most entrepreneurs face with email (and how to get over it)The real difference between telling stories and just being human in your emailsWhy your email list is your best business asset—and how to treat it that wayHow Liz built a $1M business with a $9/month membership The role of consiThis deeply personal and powerful memoir chronicles Pastor Bill LaMorey's transformation from brokenness to redemption and ultimately, to a life of purpose and leadership. The book is structured like a play with three “Acts”: Brokenness, Redemption, and Transformation. Throughout, he blends personal storytelling with universal truths, aiming to help others recognize the redemptive potential in their own stories.
In this week's podcast episode, we sit down with Sara Capra, product manager at TurboTenant and a dedicated real estate investor. Sara shares her journey into real estate with the purchase of her first property during the pandemic. Since then, she's embraced both the challenges and triumphs of being a landlord, learning valuable lessons along the way.Sara highlights how refinancing her property to secure a lower interest rate played a key role in boosting profitability. She emphasizes the importance of a thorough tenant screening process, as well as the efficiency gains that come with using property management software like TurboTenant. Sara explains how the right tech stack can transform property management from automating rent payments to staying compliant with evolving regulations.The episode also explores best practices for evaluating property performance, using checklists for routine management tasks, and the strategic decision to sell underperforming properties. For both new and seasoned investors, Sara's insights underscore the power of automation and early planning in building a scalable, stress-free rental business.Tune in to hear how tech and strategy intersect in real estate investing, and why TurboTenant might just be your next secret weapon. Resources:Simplify how you manage your rentals with TurboTenantConnect with Sara via emailGrab your spot in The WIIRE CommunityLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
Hey friends, thanks for joining us this week! We are super excited to welcome real estate expert Kathy Fettke to explore the intricacies of 1031 exchanges. Kathy shares her inspiring journey into real estate and highlights how knowledge can help overcome fear and lead to confident investment decisions.The conversation dives into the mechanics of 1031 exchanges, which allow investors to defer taxes by reinvesting proceeds into similar properties. Kathy walks listeners through real-life examples, including a powerful story about her father's successful 1031 exchange, emphasizing the importance of planning, timelines, and property identification. She also stresses the value of working with a reputable 1031 exchange company to avoid costly mistakes.Kathy encourages women to take control of their financial futures through real estate, highlighting how legacy planning can build generational wealth. This episode is packed with actionable insights for anyone looking to leverage 1031 exchanges and make informed investment decisions. See what Kathy is up to next by following her on Instagram. We hope you love this episode! Resources:Simplify how you manage your rentals with TurboTenantTo join to speak with an investment counselor, visit Kathy's websiteGrab your copy of Kathy's book, Retire Rich with RentalsListen to The Real Wealth ShowListen to Real Estate News for Investors PodcastGrab your spot in The WIIRE CommunityLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2947 Amanda Wheeler reframes ROI as a powerful tool for evaluating how we invest our time, energy, and attention, not just our money. By treating daily choices like social media scrolling or skipping workouts as investments, she reveals how even small habits can generate big returns or long-term losses in our mental, emotional, and physical well-being. Read along with the original article(s) here: https://markfisherfitness.com/measure-your-life-roi/ Quotes to ponder: "Negative ROI in small choices permeates into everything else. It doesn't stay contained." "Every choice we make has a return on investment. Very small amounts of time can reap largely negative or largely positive returns." "I've never left a gym session feeling like I had a negative return on investment. It's positive 100% of the time." Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2947 Amanda Wheeler reframes ROI as a powerful tool for evaluating how we invest our time, energy, and attention, not just our money. By treating daily choices like social media scrolling or skipping workouts as investments, she reveals how even small habits can generate big returns or long-term losses in our mental, emotional, and physical well-being. Read along with the original article(s) here: https://markfisherfitness.com/measure-your-life-roi/ Quotes to ponder: "Negative ROI in small choices permeates into everything else. It doesn't stay contained." "Every choice we make has a return on investment. Very small amounts of time can reap largely negative or largely positive returns." "I've never left a gym session feeling like I had a negative return on investment. It's positive 100% of the time." Learn more about your ad choices. Visit megaphone.fm/adchoices
Welcome back, friends! This week, we discuss key red flags to watch for when investing in real estate and share valuable insights from The Community. They highlight the importance of thorough analysis and community support in building confidence. Amelia opens up about her current flip project, sharing detailed numbers and challenges, while emphasizing the need to stay emotionally detached from properties.The conversation covers essential tips such as watching for foundation issues, considering the end buyer's perspective, and having multiple exit strategies to mitigate risks. They also stress the importance of building a strong buy box to avoid distractions and using conservative estimates when budgeting for rehabs.A few things we want you to walk away with…Be mindful of structural issues like foundation problems.Emotional detachment is crucial for sound decision-making.Community insights and a reliable realtor can boost your confidence.Listen now to learn how to navigate potential pitfalls and make smarter investment decisions! Resources:Simplify how you manage your rentals with TurboTenantDownload our free Buy Box TemplateGrab your spot in The WIIRE CommunityConnect with BrieAnne on InstagramLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
We are so excited to introduce you to this week's WIIRE Podcast guest, Alex Sheforgen. Alex shares her inspiring journey of managing 50 long-term rentals while balancing full-time jobs with her husband. Alex dives deep into creative financing strategies that made it possible for them to build a successful portfolio. She emphasizes the importance of community and networking in uncovering off-market deals, particularly through expired listings and mailers.Our conversation with Alex highlights the power of negotiation and understanding financials when structuring creative deals. Alex also offers practical advice on managing tenant challenges, streamlining communication with tools like Google Voice, and leveraging local banks for smoother financing. She stresses that persistence and patience are key, and learning from others in the real estate community can help investors avoid costly mistakes.Key Takeaways:Creative financing can open doors for aspiring investors.Expired listings and mailers are powerful tools for finding deals.Strong communication and negotiation skills can make or break a deal.Self-managing a large portfolio is possible with strategy and discipline.Leveraging local resources and building relationships can lead to better deals.Tune in to this insightful episode to learn how to navigate the complexities of real estate investing and scale your portfolio successfully and make sure to follow Alex over on Instagram! Resources:Simplify how you manage your rentals with TurboTenantFollow Alex on InstagramGrab your spot in The WIIRE CommunityConnect with BrieAnne on InstagramLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
In this episode of the podcast, we dive into the world of property appraisals—an essential yet often misunderstood part of real estate investing. They break down the appraisal process, explaining what to expect and how to prepare your property for a favorable outcome. Drawing from our own experiences, we're offering you practical tips on handling low appraisals and emphasizing the importance of being proactive throughout the process.Key Takeaways:An appraisal determines a property's value for financing purposes.Appraisals are subjective and influenced by various factors, so preparation is key.Presenting a well-prepared appraisal packet can help sway the appraiser.Investors should always review the appraisal report to understand the comparable sales used.If an appraisal comes back low, disputing it or requesting a second appraisal may be an option.Low appraisals can open the door for renegotiation or provide a way out if a contingency is in place.Whether you're preparing for your first appraisal or looking to refine your approach, this episode equips you with the knowledge to navigate the process confidently. Tune in to learn how to maximize your property's value and protect your investments! Resources:Simplify how you manage your rentals with TurboTenantGrab your spot in The WIIRE CommunityConnect with BrieAnne on InstagramLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
The check off program is at times controversial, but do growers who pay into the program (and even those who don't) receive a good value for what they contribute? In this episode, Michael talks with Dr. Lanier Nalley, professor of ag economics at the University of Arkansas about his research into the ROI of the Arkansas check-off. Growers see orders of magnitude of return for every dollar - returns that are the stuff of legend. With special guest: Dr. Lawton Lanier Nalley, Professor & Director, Fryar Price Risk Management Center of Excellence, Graduate Program Coordinator Hosted by: Michael Klein
Welcome back, friends! This week, we are joined by our friend BrieAnne Reyes, and we dive into the high-stakes world of tax sales and sheriff's auctions. BrieAnne offers valuable insights for both new and experienced investors and shares her journey from private equity to auction sales, emphasizing the importance of research, strategy, and emotional discipline when bidding on properties.Key takeaways from the conversation include:Understand the differences between tax auctions and sheriff's auctionsThe importance of doing your homework How to avoid emotional bidding BrieAnne's insights make this episode a must-listen for anyone looking to navigate real estate auctions with confidence. Tune in now to gain an edge in the competitive auction market! Resources:Simplify how you manage your rentals with TurboTenantGrab your spot in The WIIRE CommunityConnect with BrieAnne on InstagramLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
Welcome back to another episode of the podcast, friends! This week, we are breaking down our key rules of thumb that every real estate investor should know. These simple yet powerful guidelines help investors analyze deals efficiently, minimize risk, and maximize returns—saving time and avoiding costly mistakes. These rules are designed to help investors make informed decisions, streamline property analysis, and avoid common pitfalls. Beyond the numbers, we also discuss the power of community support and share insights from our own investing journeys.Want to connect with other investors and get more insights? Get on the waitlist before doors open on 3/19 to get $400 off your membership!Ready to connect with a supportive network of women investors? Learn more about the WIIRE Community and how it can help you scale your real estate portfolio.If you want to invest smarter and save time, this episode is a must-listen! Resources:Simplify how you manage your rentals with TurboTenantGet your name on The WIIRE Community waitlistLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
Summary In this conversation, Dr. Travis Jumper discusses the advancements in welding training technologies, particularly focusing on virtual and augmented reality systems. He shares insights from his research on the benefits of these technologies in reducing the learning curve for students, providing real-time feedback, and enhancing muscle memory. The discussion also covers the cost savings associated with implementing these systems in educational programs and explores various funding opportunities available for welding programs. In this conversation, Dr. Travis Jumper discusses the integration of augmented and virtual reality systems in welding education, emphasizing the importance of community support, funding, and collaborative approaches to enhance training. He highlights the return on investment for educational equipment, the cost savings associated with advanced technology, and the challenges faced in rural schools. The discussion also covers the advantages and disadvantages of using these systems, as well as practical advice for educators looking to implement such technologies in their programs. Join the AWS today Here
Our Semiconductors and Software analysts Joe Moore and Keith Weiss dive into the biggest market debate around AI and why it's likely to shape conversations at Morgan Stanley's Technology, Media and Telecom (TMT) Conference in San Francisco. ----- Transcript -----Joe Moore: Welcome to Thoughts on the Market. I'm Joe Moore, Morgan Stanley's Head of U.S. Semiconductors.Keith Weiss: And I'm Keith Weiss, Head of U.S. Software.Joe Moore: Today on the show, one of the biggest market debates in the tech sector has been around AI and the Return On Investment, or ROI. In fact, we think this will be the number one topic of conversation at Morgan Stanley's annual Technology, Media and Telecom (TMT) conference in San Francisco.And that's precisely where we're bringing you this episode from.It's Monday, March 3rd, 7am in San Francisco.So, let's get right into it. ChatGPT was released November 2022. Since then, the biggest tech players have gained more than $9 trillion in combined market capitalization. They're up more than double the amount of the S&P 500 index. And there's a lot of investor expectation for a new technology cycle centered around AI. And that's what's driving a lot of this momentum.You know, that said, there's also a significant investor concern around this topic of ROI, especially given the unprecedented level of investment that we've seen and sparse data points still on the returns.So where are we now? Is 2025 going to be a year when the ROI and GenAI finally turns positive?Keith Weiss: If we take a step back and think about the staging of how innovation cycles tend to play out, I think it's a helpful context.And it starts with research. I would say the period up until When ChatGPT was released – up until that November 2022 – was a period of where the fundamental research was being done on the transformer models; utilizing, machine learning. And what fundamental research is, is trying to figure out if these fundamental capabilities are realistic. If we can do this in software, if you will.And with the release of ChatGPT, it was a very strong, uh, stamp of approval of ‘Yes, like these transformer models can work.'Then you start stage two. And I think that's basically November 22 through where are today of, where you have two tracks going on. One is development. So these large language models, they can do natural language processing well.They can contextually understand unstructured and semi structured data. They can generate content. They could create text; they could create images and videos.So, there's these fundamental capabilities. But you have to develop a product to get work done. How are we going to utilize those capabilities? So, we've been working on development of product over the past two years. And at the same time, we've been scaling out the infrastructure for that product development.And now, heading into 2025, I think we're ready to go into the next stage of the innovation cycle, which will be market uptake.And that's when revenue starts to flow to the software companies that are trying to automate business processes. We definitely think that monetization starts to ramp in 2025, which should prove out a better ROI or start to prove out the ROI of all this investment that we've been making.Joe Moore: Morgan Stanley Research projects that GenAI can potentially drive a $1.1 trillion dollar revenue opportunity in 2028, up from $45 billion in 2024. Can you break this down for our listeners?Keith Weiss: We recently put out a report where we tried to size kind of what the revenue generation capability is from GenerativeAI, because that's an important part of this ROI equation. You have the return on the top of where you could actually monetize this. On the bottom, obviously, investment. And we took a look at all the investment needed to serve this type of functionality.The [$]1.1 trillion, if you will, it breaks down into two big components. Um, One side of the equation is in my backyard, and that's the enterprise software side of the equation. It's about a third of that number. And what we see occurring is the automation of more and more of the work being done by information workers; for people in overall.And what we see is about 25 percent, of overall labor being impacted today. And we see that growing to over 45 percent over the next three years.So, what that's going to look like from a software perspective is a[n] opportunity ramping up to about, just about $400 billion of software opportunity by 2028. At that point, GenerativeAI will represent about 22 percent of overall software spending. At that point, the overall software market we expect to be about a $1.8 trillion market.The other side of the equation, the bigger side of the equation, is actually the consumer platforms. And that kind of makes sense if you think about the broader economy, it's basically one-third B2B, two-thirds B2C. The automation is relatively equivalent on both sides of the equation.Joe Moore: So, let's drill further into your outlook for software. What are the biggest catalysts you expect to see this year, and then over the coming three years?Keith Weiss: The key catalyst for this year is proving out the efficacy of these solutions, right?Proving out that they're going to drive productivity gains and yield real hard dollar ROI for the end customer. And I think where we'll see that is from labor savings.Once that occurs, and I think it's going to be over the next 12 to 18 months, then we go into the period of mainstream adoption. You need to start utilizing these technologies to drive the efficiencies within your businesses to be able to keep up with your competitors. So, that's the main thing that we're looking for in the near term.Over the next three years, what you're looking for is the breakthrough technologies. Where can we find opportunities not just to create efficiencies within existing processes, but to completely rewrite the business process.That's where you see new big companies emerge within the software opportunity – is the people that really fundamentally change the equation around some of these processes.So, Joe, turning it over to you, hardware remains a bottleneck for AI innovation. Why is that the case? And what are the biggest hurdles in the semiconductor space right now?Joe Moore: Well, this has proven to be an extremely computationally intensive application, and I think it started with training – where you started seeing tens of thousands of GPUs or XPUS clustered together to train these big models, these Large Language Models. And you started hearing comments two years ago around the development of ChatGPT that, you know, the scaling laws are tricky.You might need five times as much hardware to make a model that's 10 percent smarter. But the challenge of making a model that's 10 percent smarter, the table stakes of that are very significant. And so, you see, you know, those investments continuing to scale up. And that's been a big debate for the market.But we've heard from most of the big spenders in the market that we are continuing to scale up training. And then after that happened, we started seeing inference suddenly as a big user of advanced processors, GPUs, in a way that they hadn't before. And that was sort of simple conversational types of AI.Now as you start migrating into more of a reasoning AI, a multi pass approach, you're looking at a really dramatic scaling in the amount of hardware, that's required from both GPUs and XPUs.And at the same time the hardware companies are focused a lot on how do we deliver that – so that it doesn't become prohibitively expensive; which it is very expensive. But there's a lot of improvement. And that's where you're sort of seeing this tug of war in the stocks; that when you see something that's deflationary, uh, it becomes a big negative. But the reality is the hardware is designed to be deflationary because the workloads themselves are inflationary.And so I think there's a lot of growth still ahead of us. A lot of investment, and a lot of rich debate in the market about this.Keith Weiss: Let's pull on that thread a little bit. You talked initially about the scaling of the GPU clusters to support training. Over the past year, we've gotten a little bit more pushback on the ideas or the efficacy of those scaling laws.They've come more under question. And at the same time, we've seen the availability of some lower cost, but still very high-performance models. Is this going to reshape the investments from the large semiconductor players in terms of how they're looking to address the market?Joe Moore: I think we have to assess that over time. Right now, there are very clear comments from everybody who's in charge of scaling large models that they intend to continue to scale.I think there is a benefit to doing so from the standpoint of creating a richer model, but is the ROI there? You know, and that's where I think, you know, your numbers do a very good job of justifying our model for our core companies – where we can say, okay, this is not a bubble. This is investment that's driven by these areas of economic benefit that our software and internet teams are seeing.And I think there is a bit of an arms race at the high end of the market where people just want to have the biggest cluster. And that's, we think that's about 30 percent of the revenue right now in hardware – is supporting those really big models. But we're also seeing, to your point, a very rich hardware configuration on the inference side post training model customization. Nvidia said on their on their earnings call recently that they see several orders of magnitude more compute required for those applications than for that pre-training. So, I think over time that's where the growth is going to come from.But you know, right now we're seeing growth really from all aspects of the market.Keith Weiss: Got it. So, a lot of really big opportunities out there utilizing these GPUs and ASICs, but also a lot of unknowns and potential risks. So, what are the key catalysts that you're looking for in the semiconductor space over the course of this year and maybe over the next three years?Joe Moore: Well, 2025 is, is a year that is really mostly about supply.You know, we're ramping up, new hardware But also, several companies doing custom silicon. We have to ramp all that hardware up and it's very complicated.It uses every kind of trick and technique that semiconductors use to do advanced packaging and things like that. And so, it's a very challenging supply chain and it has been for two years. And fortunately, it's happened in a time when there's plenty of semiconductor capacity out there.But I think, you know, we're ramping very quickly. And I think what you're seeing is the things that matter this year are gonna be more about how quickly we can get that supply, what are the gross margins on hardware, things like that.I think beyond that, we have to really get a sense of, you know, these ROI questions are really important beyond 2025. Because again, this is not a bubble. But hardware is cyclical and there; it doesn't slow gracefully. So, there will be periods where investment may fall off and it'll be a difficult time to own the stocks. And that's, you know, we do think that over time, the value sort of transitions from hardware to software.But we model for 2026 to be a year where it starts to slow down a little bit. We start to see some consolidation in these investments.Now, 12 months ago, I thought that about 2025. So, the timeframe keeps getting pushed out. It remains very robust. But I think at some point it will plateau a little bit and we'll start to see some fragmentation; and we'll start to see markets like, you know, reasoning models, inference models becoming more and more critical. But that's where when I hear you and Brian Nowak talking about sort of the early stage that we are of actually implementing this stuff, that inference has a long way to go in terms of growth.So, we're optimistic around the whole AI space for semiconductors. Obviously, the market is as well. So, there's expectations, challenges there. But there's still a lot of growth ahead of us.So Keith, looking towards the future, as AI expands the functionality of software, how will that transform the business models of your companies?Keith Weiss: We're also fundamentally optimistic about software and what GenerativeAI means for the overall software industry.If we look at software companies today, particularly application companies, a lot of what you're trying to do is make information workers more productive. So, it made a lot of sense to price based upon the number of people who are using your software. Or you've got a lot of seat-based models.Now we're talking about completely automating some of those processes, taking people out of the loop altogether. You have to price differently. You have to price based upon the number of transactions you're running, or some type of consumptive element of the amount of work that you're getting done. I think the other thing that we're going to see is the market opportunity expanding well beyond information workers.So, the way that we count the value, the way that we accrue the value might change a little bit. But the underlying value proposition remains the same. It's about automating, creating productivity in those business processes, and then the software companies pricing for their fair share of that productivity.Joe Moore: Great. Well, let me just say this has been a really useful process for me. The collaboration between our teams is really helpful because as a semiconductor analyst, you can see the data points, you can see the hardware being built. And I know the enthusiasm that people have on a tactical level. But understanding where the returns are going to come from and what milestones we need to watch to see any potential course correction is very valuable.So on that note, it's time for us to get to the exciting panels at the Morgan Stanley TMT conference. Uh, And we'll have more from the conference on the show later this week. Keith, thanks for taking the time to talk.Keith Weiss: Great speaking with you, Joe.Joe Moore: And thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.