Social Slowdown: sustainable digital marketing for entrepreneurs
In this episode we're talking all about the ECONOMICS of marketing (it should come as no surprise that Meg is a total nerd about this stuff
Bill Powers (Mining Stock Education) and Shubham Garg (White Tundra Investments) each placed big bets on Prospera Energy. They did so independently of each other but come together in this show to share why they are bullish on the company. Neither Bill nor Shubham has received compensation from Prospera. Both are investors in the company. Shubham will be a strategic partner for both engineering support and business development initiatives moving forward. Listen to CEO Samuel David and VP Finance Chris Ludtke explain Prospera Energy's investment thesis in this episode. For the past two years Prospera has been in restructuring as legacy debts and non-compliances have been largely resolved. During this period, the team has grown production from 80 bpd to 1,250 boepd and reduced production costs from C$60/barrel to under C$40/barrel. They believe that in the next 2-3 years they can reduce production costs to possibly under C$20/barrel and achieve 10,000+ boepd by optimizing current assets and through strategic acquisitions. The company has about 400 million barrels of oil in place. And Prospera's core assets in Saskatchewan and Alberta had previously, during peak oil times when they were being fully developed by multinational oil companies, already saw production of over 10,000 boepd. The company has the facilities to accommodate over 10,000 boepd. 0:00 Introduction 1:23 Why Bill invested in $PEI.v 3:29 Why Samuel David took on Prospera's restructuring 6:11 Why Samuel chose restructuring rather than bankruptcy 11:04 Lacey and Richardson families financed restructuring 13:00 Shubham Garg & White Tundra are strategic partners 19:07 Shubham's $PEI.v blue sky price targets 22:44 Prospera optimizing and lower production costs 24:21 Role of hedging production? 25:25 Significant increase in 2P reserves & reserve life index 28:26 Analogue company for Prospera? 29:23 Horizontal drilling program 33:19 Prospera's partnership with Aduro Clean Tech to transform heavy oil into higher-value fuels 34:23 Enhanced Oil Recovery Techniques 36:06 10,000+boepd target in 2-3yrs is very doable 37:42 Sunk and replacement costs for Prospera's facilities 39:42 Shubham's commentary on PEI's share structure 41:18 Shubham: “The company has achieved escape velocity” 43:09 Shubham: “New wells are being managed well” 44:31 Shubham: Many ways to increase production 47:19 Final thoughts https://www.prosperaenergy.com/ Stock Exchange Listings (TSX.V: PEI, OTC: GXRFF, FRA: OF6B) 2023 Year of Record Growth Press Release: https://money.tmx.com/en/quote/PEI/news/8281083222543338/Prospera_Positioned_for_2023_Record_Growth_after_2022_Transformational_Year_of_Production_Revenue_and_Profitability Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Bill Powers placed a big bet on $PEI.v with his own cash at an average cost basis of about C$.08/share. His time horizon is about 2-3 years from now for this investment to yield the (outsized) returns he expects. He was not compensated to feature Prospera Energy on MSE. Do not purchase shares of Prospera because Bill did. Do your own due diligence. Prospera Energy's cautionary forward-looking statement also applies to the content written below and the information discussed in my interview. The standard MSE disclaimer applies to this interview: https://www.miningstockeducation.com/disclaimer/
Christine Comaford helps you manage your company's growth Episode 843: Experiencing Growth? How To Swim Before Your Organization Is Sunk by Christine Comaford Christine Comaford is a Leadership and Culture Coach who specializes in applied neuroscience, which helps her clients achieve tremendous results in record time. She is a human behavior expert, a leadership columnist for Forbes.com, and the New York Times bestselling author of Power Your Tribe, SmartTribes and Rules for Renegades. The original post is located here: https://smarttribesinstitute.com/experiencing-growth-how-to-swim-before-your-organization-is-sunk/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalStartUpDaily Learn more about your ad choices. Visit megaphone.fm/adchoices
The Prepper Broadcasting Network
Today I finally have a free epiosode to discuss how despite the demise of FLOTE.APP I am not giving up on alternative social media platforms.CONNECT WITH MEhttp://www.patchofthemonth.co/ PATCH OF THE MONTH CLUBhttp://toolmantim.co/ WEBSITEhttp://toolmantim.shop/ AMAZON AFFILIATE USAhttp://www.youtube.com/c/toolmantimsworkshop/ YThttps://rumble.com/c/ToolmanTimsWorkshop RUMBLEhttps://odysee.com/@Allseasonsmain:5 ODYSEEhttps://mewe.com/i/toolmantimsworkshop - MeWehttp://www.facebook.com/toolmantimsworkshop/ - FBhttp://www.instagram.com/toolmantimsworkshop - IGhttp://t.me/toolmantimsworkshop TELEGRAMhttp://www.tiktok.com/@toolmantimsworkshop TIKTOKhttps://www.twitch.tv/toolmantimsworkshop Twitchhttps://anchor.fm/toolmantim PODCASThttp://www.firesidefreedom.net/ FIRESIDE FREEDOM PODCASThttp://www.thesurvivalpodcast.com EXPERT COUNCILhttps://prepperbroadcasting.com/ PREPPER BROADCAST NETWORKMailing Address If you have anything interesting tool related you'd like to send my way, for review or just because, use the address below. U.S.A. Mailing addressToolman Tim Cook102 Central Ave Ste 10699Sweet Grass, MT59484CANADIAN Mailing Adress‘Toolman Tim' P.O. Box 874 Provost, Alberta T0B3S0 Canada
On this week's episode of The New Abnormal, Robert Zimmerman, who lost in the general election to George Santos, describes exactly what happened. Then, Frederick Ingram, secretary-treasurer of the American Federation of Teachers, talks about why Rhon DeSantis is trying to get African studies out of AP classes. Then, Frederick Ingram, secretary-treasurer of the American Federation of Teachers, the nation's second-largest teachers' union, discusses Florida's ban on an AP African American Studies class. Hosted on Acast. See acast.com/privacy for more information.
EP21 – Sunk by the Swans but Catching the Canaries Off GuardHello and welcome to the Watford Buzz Podcast, the home of your Watford FC chat featuring football journalist Tom Bodell @TBBodell, football analyst Jordan Wiemer @JordanWiemer and football commentator Matt Mesiano @MessyMesianoWe all have two things in common, we all work in football and we all love Watford FC!On today's show:It's a double header as we discuss the recent Swans and Canaries fixturesTake a look at the injury crisis plaguing WatfordAnd then look ahead to the FA CupIf you want to support us and everything we do on the show the you can become a Patreon of the show. Simply follow this link for more details: https://www.patreon.com/WatfordBuzzPodcastIf you want to get in touch you can do so really easily just ping a message across on Twitter @WatfordPod OR send us an email to WatfordBuzzPodcast@gmail.comSee acast.com/privacy for privacy and opt-out information. Hosted on Acast. See acast.com/privacy for more information.
BasketNews.lt krepšinio podkastas
„Prie aikštelės“ laidoje šnekamės su buvusiu „Žalgirio“ vadovu Mindaugu Plūku. Vienas didžiausių ir ištikimiausių visų laikų Kauno klubo rėmėjų atvirai apie geriausius, blogiausius ir įdomiausius „Žalgirio“ laikus nepriklausomoje Lietuvoje. Šią tinklalaidę pristato 7bet. Temos: Kas valdė „Žalgirį“ 1996–2003 m.? (00:00); Draugystė ir priešprieša su Gedvydu Vainausku (07:02); Kiek iš tikrųjų davė Šabtajus Kalmanovičius? (13:22); Sunkios „Žalgirio“ pagirios po laimėtos Eurolygos (19:45); Perduotos akcijos Arvydui Saboniui (28:00); Jaudulys prieš debiutą Eurolygoje (32:00); Prastas Bowie ir Edney startas (35:00); „Žalgirio“ istoriją pakeitęs Enniso Whatley metimas (39:30); Eurolygos ir FIBA trinties pradžia (42:15); Šokiruojantis „Žalgirio“ debiutas Eurolygoje (47:38); Audringas „Žalgirio“ sutikimas Karmėlavos oro uoste (54:10); Pirmasis „Žalgirio“ pasiūlymas Jasikevičiui (56:20); Iš kur atsirado tas Corey Beck? (58:37); „Žalgirio“ nesutarimai su Jonu Kazlausku (1:02:38); Psichologiškai sunkus Algirdo Brazio laikas (1:04:50); Sunkūs Beardo ir Cotos charakteriai (1:06:13); Visiškai pasikeitęs „Žalgirio“ biudžeto surinkimas (1:11:37); Į kitą lygį pakilusi organizacija (1:17:40).
The Nathan Jones era continues to unfold! In this podcast, Harry, Michael, Ollie and Jamie look back at what was a busy week for Southampton Football Club. Starting with the match against Lincoln City, the boys talk about their thoughts on the game, the early goal conceded, a drab display and missed chances throughout the game. The quartet then turn their attention on the Saints 3-1 loss to Brighton, before discussing what the former Luton boss can do during the transfer window to keep Southampton in the Premier League! This week, Harry Tizard (@H_Tizard) is joined by Michael Maidment (@mike_maidment), Ollie Boast (@ollie_boast) and Jamie Allan (@Jamie_allan665) to talk everything Southampton! Remember, you can contact the podcast on Twitter (@Saints_Score) to get involved with the show!
Deep devious and delicious beats back to back in the mix in high quality audio pulled together by me JB. Enjoy, like, comment and share, cheers from the UK! Tracklisting.. Lovely Anger Rick Wade Soulstar Oxymoron Roberto Rodriguez Freerange 3 Notes (Original Mix) Sirenize Nocturnal Groove Surprise (Original Mix) Pablo Fierro Savoir Faire Musique Memories Ross Couch Body Rhythm Beautiful Lie (Grant Nelson Garage Vox) Bhokero, Dey, Tasita D' Mour Swing City My Urban Soul (Black Sonix LOFI Dubstrumental) DJ Roland Clark, Urban Soul Street King Shining Shoes (Mr Shandaar Remix) Furniture Crew Juiced Music I Want It (Original Mix) Johnny Fiasco Nordic Trax G.O.D. (Shur-i-kan Remix) Lowpazz Dark Energy Recordings Illusion (Original Mix) Mika Olson Haute Musique
Thai Examiner - Thailand's news for foreigners
35-year-old, US-built vessel lying capsized at a depth of 40 metres. A submersible vehicle launched on Wednesday aimed to tell naval chiefs the extent of the damage done and the viability of key systems as a technical committee considers bringing in the private sector to help refloat and salvage the Sukhothai. https://www.thaiexaminer.com/thai-news-foreigners/2022/12/21/22-now-missing-as-navy-plans-refloat-of-ship/ Joseph O' Connor reports from Prachuap Khiri Khan.
(00:00) Intro (4:07) Conspiracy Overview (5:20) Creation of the Federal Reserve (11:16) Building the Titanic (14:43) J.P. Morgan's Involvement (21:34) Modern Day Cruises (24:44) Parasailing (27:16) Outro Today's Tinfoil Tuesday is on the sinking of the Titanic. We get into the creation of the federal reserve at the time, a coal fire happening during the construction of the Titanic, if J.P. Morgan was behind it all, and more.You can find every episode of this show on Apple Podcasts, Spotify or YouTube. Prime Members can listen ad-free on Amazon Music. For more, visit barstool.link/thedogwalk
In what can only be described as a major loss for the Russian Military, their flagship, the Moskva has been sunk in the Black Sea. Both sides, as usual, have different stories how that happened, however. Ukraine is claiming that they struck the ship with two cruise missiles, while Russia is saying that it was an accident on board that caused the ship to end up sinking as it was being towed to port for repairs. Let's dive in and take a look!(commercial at 8:57)To contact me:email@example.com:https://www.theguardian.com/world/2022/apr/14/russia-moskva-cruiser-sunk-stormy-seas-defense-ministry
We decided to do something we haven't done before and do an entire day of playing games! Hope you like it! // Benjamin Joins the show, Finish the lyrics, Password Game, & More!
We decided to do something we haven't done before and do an entire day of playing games! Hope you like it! // Benjamin Joins the show, Finish the lyrics, Password Game, & More!
The sunk cost fallacy is a common belief that we should continue on the same course of action because it has already cost us so much. The faulty logic seems to make sense - we've already bet so much on this poker hand that we may as well see it through. But the fallacy is that we cannot win our way out of a mistake. Once it becomes obvious that it's the wrong thing to do, whatever IT is, the only way to win is to stop playing. In business, this is especially true. There comes a point when your previous decisions or your current course of action is no longer the best way forward. Sometimes it's early in a process. And sometimes it's not. And it's way better to recognize you're on a losing course and step out early. Sunk cost isn't just about money. It's about time, emotional energy, physical space - JoyGenea and Michelle discuss all the ways our decisions can continue to cost us over time. https://youtu.be/lZQAkOuRWaU
Taco Fly Co. - Anchor Up and Chill Podcast
It's been a wild return to guide life in Northern California. Who said guide life was easy... In this episode I provide some updates on what's going yon with Taco Fly Co., Trinity River Reports, news about the new boat and why I got a raft. It's because I SUNK MY BOAT! Well not really but it's been long overdue to get a raft for the Trinity River. The Clacka was almost fully submerged and we somehow saved her...holy shit that was gnarly. NO I DID NOT FLIP MY BOAT NO I DID NOT SINK MY NEW RAFT IN THE CANYON And yes, we are okay. MAD LOVE AND THANK YOU FOR LISTENING!!!! Thank you Brown Folks Fishing, Redington, Red Truck Fly Rods, Megan, my perro Charlie, all of the Taco Familia and anyone who listens to this podcast. HUG YOUR HOMIES! #flyfishingsaveslives
Tony Kornheiser and Michael Wilbon discuss if the 49ers are sunk without Jimmy G after he broke his foot during Sunday's game, which NFL team had the best win this weekend and if the CFP committee picked the right 4 teams for the playoff. Learn more about your ad choices. Visit megaphone.fm/adchoices
Rev. Dr. Matthew Richard's Podcast
Date: November 27th of 2022 Speaker: Rev. Dr. Matthew Richard Text: Romans 13:11-14 Context: Sermon at St. Paul's Lutheran of Minot, ND Manuscript: CLICK HERE
On this episode of Ask the Expert, Steph is joined by historian Chris Riley to discuss the complex story of the king's successor and the king's heir. -- HIstorians Magazine Commercial FREE for patrons! Love the Tudors? Read the stories of the Tudors on Tudors Dynasty! Shop Tudors Dynasty Merchandise Love the show and want to show your support? Become a patron on Patreon! -- Credits: Voiced by: Steph Stohrer Guest: Chris Riley Edited by: Rebecca Larson Voice Over: David Black Music: Ketsa, Alexander Nakarada, and Winnie the Moog --- Send in a voice message: https://anchor.fm/rebecca-larson/message
Hour 3: Craig threw a wild conspiracy theory at his partner today. NYC's plan to fix the rat problem. And Hal Steinbrenner had a very interesting sit down with a very powerful man.
Today on the After 9 Podcast: Will Canada ever be a soccer loving country? Saturday's asteroid event happened over Woodstock, Ontario. The Bank of Canada is so out-of-touch. Doug Ford is wrong to reopen the greenbelt for development right now. Hamilton Harbour has had raw sewage leaking into it since 1996. Scott tells the story of how he sunk his boat in Hamilton. 50 Cent is suing after his image was used in a penis enlargement ad. Learn more about your ad choices. Visit megaphone.fm/adchoices
The Remote Real Estate Investor
In this final episode with Aaron Chapman, we discuss how adversity can shape your legacy. In this current market environment, many investors will be challenged, but that does not mean they must fail. Your mindset, work ethic, and ability to learn from the external forces that turn your world upside-down will be the deciding factor of your long-term success. Aaron Chapman is a veteran in the finance industry with 25 years of experience helping clients better understand, source, and finance cash-flow positive investment properties. He advises over 100 clients a month in the acquisition and financing of their investment properties and primary residences. Aaron is ranked in the top 1% of mortgage loan processors in the country, in an industry of over 300,000 licensed loan originators, closing in excess of 100 transactions per month. Episode links: https://apps.apple.com/uy/app/qjo-investment-tool/id1533823468 https://www.aaronbchapman.com/ --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor Podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals. Michael: What's going on everyone? Welcome to another episode of the remote real estate investor. I'm Michael Albaum and today with me I have for our third and final episode of this series, Aaron Chapman and Aaron's a lender, and he's gonna be talking to us today about how well you take a beating determines your legacy. So let's get right into it. Aaron, what's going on, man? Welcome back for part three of our conversation. How are you? Aaron: What's up, brother. Man, it's looking forward to this one. Michael: Me too our last few conversations. If you didn't catch them, I highly recommend you go back and give them a listen to Aaron drop some amazing wisdom and knowledge. Today we're talking about how well you take a beating determines your legacy as a theme. But for anyone who didn't catch the first two episodes, give us a quick and dirty who you are. And what is it that you do, Aaron? Aaron: So I am in the Real Estate Investment Finance space. I'm one of the few conventional lenders that focuses on real estate investments. And I do about 1300 transactions a year for investors, I've been doing that since 1997. Got a great big team of 30 plus people, and we're into heavy into the education and helping people build a business while at the same time getting financing done. And it cost them nothing to have all the experience and the the wisdom, we're trying to give them the guidance while it is getting their financing done like they would do anywhere else. Michael: Yeah, I love it. And so many lenders, especially conventional lenders, I've come across and you might have shared experience are just trying to push the biggest loan that someone qualifies for on them. And they don't really care what that's gonna be used for. They don't really care what how it's gonna affect the end user. But it sounds like you take a little bit of a different approach. Aaron: It does bother. Well, there's two things about this industry. You know, I think I may have even referenced it, maybe not among the last two episodes is that humans are the apex predator, we fall prey to no other species except other humans. And I found that our industry is just full of predators. They don't care what you do, as long as you close, they will use every sales technique, everything they've ever been taught to try and find a way to get you to close on that transaction. Myself, I'm of the mindset is I'm gonna do everything I can to ensure that you close and are successful in that transaction. Because if you're unsuccessful and what you end up doing, you're not going to do deal number 2-3-4-5, I don't care about deal number one I care about deal number 10. Why do I care about deal number 10. Because if you made it to deal number 10, you're a badass, you're getting stuff done, you're achieving your goals, if you get to deal with and pretend that I'm a badass, because I'm getting more deals done, right? But one, if you have that bad experience, man, I'm never gonna see 10. So we don't when people come to us, and they've got questions that they've never had before. They've got decisions they got to make that they've never had to make before. There's a good chance they've never had to really experience what it's like to make that kind of decision. Well, what I do 1300 transactions a year and I've been doing it as long as I have, I don't answer the question with an answer. I give them stories, what I've seen people do in that same scenario, and then give them the outcome of those decisions. So they're making decisions based on practical data, not speculation, in theory. And then I also if they're questioning a deal, like, I'm not sure if this is right, if it's wrong is like Well, let's take a look at some things I tell them what to look at, and what questions to ask and who to go get the answers from. Take notes and bring them back to me. And we'll evaluate those answers together. And what I'm doing is helping them to determine whether they move forward or they walk away. And they also got to education about it at it. And they also learned about the other people they're working with are these people that are in it for the closing, or they're in it for them and the longevity of their business. And we get to find that out. And you get to talk to people really, really quickly. And sometimes it takes time you have to investigate things. You have to spend money on appraisals, you have to spend money on on inspections, and things like that. And it could be costly, but you never stay in the deal because you spent money that you spent the money to walk away from it. And we help them understand that they're their CEO, their real estate investment business, and we're here to support it. Michael: Yeah, no, I love it. Sunk cost was definitely something I got exposure to early on in his business. And it's could be a very tough concept to wrap your head around. If you're not familiar with it, you know, don't throw good money after bad. Aaron: And that's a heavy duty sales tactic to get people to follow the sunk cost, thought process and process and get really, really caught up a man have already spent this money. If you understand why you're spending the money. There's never a sunk cost. Yeah. Michael: Yeah, no, it's so true. It's so true. So let's talk about I mean, where we are today is very different than we were six months ago, a year ago, 18 months ago. And I think people might be in for a little bit of a whirlwind. So let's kind of talked through this concept of determining how well someone takes a beating really determines your legacy, which I think is a really great theme. So why do you think it's pertinent to talk about today, Aaron? Aaron: Well, we're going into what could be a rarity A very big beating. And the fact that, like you just said, we're coming into something we were this different than what we experienced the last little while. It's different. It's something we've ever experienced. When you go back into the market and started researching what's happened in history of these markets that we that we've been following all the way back in the 1800s, we don't have any data to tell us how the economy and how the market or the world is going to react to the last What is it 12 years, 13 years, since 2009, January 1 2009, we started the quantitative easing, and it's continued to keep going $8.9 trillion $8.9 trillion that put into the market. And now we don't know we have no idea how the markets can respond to that as they're, as they're trying to back off of that 40% of the of the world's currency, or I guess the US currency has been produced in the last 18 months. So for people to tell me, Hey, markets go in cycles, and we can get this particular loan, and we'll just refi later, like, Dude, you can't think that way. Because we're not in any cycle we've ever seen. The last cycle last tilt since 2009, was really the cycle. Sure, there are some little mini cycles in there. But for the most part, we had extremely low interest rates, never seen before we had a housing market has just been on a tear for 13 years. And now you're thinking that some cycle is gonna come along the next five that you can risk getting a five year loan, and do that. No, I think weren't, it was. And I just know, I think Warren Buffett said the 30 year fix is one of the greatest instruments in the world, because it's a one way bet. If you bet on the 30 year fixed and you're wrong. Worst case scenario is you refinance the house. But if you bet on the 30 year fix, and you're right, you're save yourself 1000s and 1000s, if not hundreds of 1000s of dollars, depending upon the size of your portfolio. So don't get suckered into these short term loans on a long term investment. So now going into what we're going to be experiencing here, one, I don't know what it's going to be. But if we go back to 2008, here's my own personal story in 2008. You know, I shared my story about coming into the industry and the beatings that I took getting into it, right, and now we're getting into what happened in 2008. Everything starts crashing, everything's falling apart. I at that time, was still doing pretty well. I was making a good six figure income. I had decent clients coming in in 2008. And I was doing kind of a night thing for two throughout two months. I had a buddy of mine I I'm a former fabricator, I've worked on vehicles, I built a hot rods, all kinds of stuff, build jeeps, a lot of things and I have that kind of a background. Well, a buddy of mine says hey, we need you in on this deal. I need another fabricator on this and what we were doing was taking a double decker Bristol bus an English bus. We cut the top off of it, turned it into basically a mobile strip club is what we did. And we did this for a guy that wanted to take it to Burning Man, you guys can look it up. It's called shaggileic. Rapping it's this white bus wrapped in for a cruise ship horn on the front. I mean, it's just it's one of the craziest things you've ever seen. What a trip, I was fabricating everything up top building in the DJ booth. There's a bed going up there places for the poles, all that and that's what I was building. While I was doing this thing where I was sleeping maybe three hours a night I go to the office, keep working on my lending business. And at night I was fabricating all night long for these guys. Because they were doing during the day and I was doing my part at night. Well then August 8 rolls around am I lucky numbers always been eight. And so as a result that this is August 8 of 2008. I was jumping on the bike, heading out of town for a three day ride through New Mexico just to clear my head. So it's a crazy time in my life and mind that my head was not in the right place. I'll guarantee I just tell you that. Cruising down the highway and right next to this guy is in a black truck and I've been by him for a while so I knew he knew I was there. But Donald suddenly flips on his blinker and he starts coming over to me. Well, I quickly looked over to my right, nobody was there. So I hit my throttle, I leaned that bike. What I didn't realize is somebody just then started to pass me and I clipped her front bumper, and I went flipping. So I don't remember the accident self except for my bike kicking sideways. And then I remember waking up in the hospital and we're looking around and this this really bright light and really quiet area and I remember sitting up and I noticed kind of fuzzy there's somebody sitting in a chair and my lapse my vision got clear is my wife. So I asked her where am I at and what seemed like was kind of an exasperated going to tell me for the 40th time you're in the hospital. You had an accident, and she started explaining things. Well, what what ended up happening is when I went flipping, I used to race mountain bike so I would instinctively talk I realized this because I had such a massive bruise. This is where I initially hit my my my helmet had big ol crack in it. When I hit it just obliterated my collarbone and a bunch of ribs. It collapsed my right lung when I flipped my legs hit and I shattered my legs and ended up skidding to a stop. So if you've ever been to Arizona in August, but the pavements not nice to lay on in August so I had a lot of burns. A lot of road rash And so I was in there for a couple of weeks in the hospital that a bolt me back together my memory at that point because the head injury we had pinwheel would basically flip every three minutes. I could only remember every three minutes and never reset, but little things would would stand out. So there's some things I do remember, but a lot of it's gone. And then there's actually some stuff in my history that's gotten my I was with my sister and brother in law, and they showed me some pictures from their wedding. I'm like, I don't remember this. And they showed me pictures of me being there. And then they played the video Like, I have no idea about this night. So there's certain things in my history that are gone because of that accident. So kind of the point behind all that is, I wheeled into that hospital I was I was a mountain climber. I was a marathoner. I was in phenomenal shape, best shape of my life at the time, I weighed in at190 pounds, maybe 12% body fat, worse about on paper, because of my investments worth about three ish million dollars. When I wheeled out of that hospital weeks later, I was 156 pounds at six foot one, and I had a negative net worth of 1.5 million everything was taken from me. So I had to start over from there. So I had to learn how to walk again. I had to train my memory back. And then I had to negotiate with everybody who is foreclosing on all my rental houses, they're coming after me for all the other debts. And because if it wasn't for the fact now, to me, it was a blessing. There's a lot of people that went through the crash. And they lost everything I know of people that ate bullets, they went back to their office and they shot themselves. I know people who did that. But I had the blessing of being able to negotiate with these creditors, and I'd send them my first week's medical bill for $1.7 million, and then immediately back off. And what I have is a certain amount of money left in the bank, that was all I had to my name. And it was about I think it was like five grand or something I don't remember exactly. Well I called every creditor up that I owed money to that was calling me and I said here, here's how much I have in my account, you look at my credit report and how many people I owe, I will give you that if you agree to that and wipe the credit clean. So I negotiated that with every single person. And what I did then is then I had an underinsured motorist thing finally kick in months later. And I was able to use that to pay off everybody that one negotiated amount. So I got clear of the whole world and they let me do that because the nature of my accident. Not a lot of people had that. So they didn't have the blessing getting their *** kicked, and be able to leverage an *** whoopin to be able to get out of that right. The other thing that was real tough about this *** whoopin was I came back to an obliterated business. The lending industry was not doing well and I got back on my feet about eight months later. And all the people I was doing business with before the realtors and people like that they were out of business. They were doing something else. There was two left in the industry, my mom and a gal by the name of Carolyn Irby with Coldwell Banker, they at that point, they were still doing business, they're getting deals done. And they call me up say, Hey, I got a client for you need to call this person, they would got to the point that they'd call me back five minutes later say, Hey, did you call that person like what person they said, Get your pad and write this down. So I got to I was carrying a notepad with me all the time, I'd write down what I do all day long. And the calls are supposed to make the outcomes of those calls. And then if it was crossed off, that means I did it. If it wasn't crossed off, then I would have to make this call. I can't tell you how many people I called that weren't crossed office. We just talked on the phone. Right? It's like well, can you can you tell me what we said. So talk about earning trust, right? That's a real hard way to earn trust with somebody when five minutes before you don't even remember the conversation by explain the scenario. And people were very, very, very kind to me. Now. There were some saying, Hey, I can't do business with that does have a memory. There's a lot of people that were that did. And I rebuilt my business on that. And because of that notepad, I rebuilt my memory and I read, I was able to reconnect those wires in my head by the grace of God. And by just being very, very religious about maintaining my my pad, I wished I had my stack of pads, I throw them away, oh, I don't know why throw them away. But that was how I lived my life at that point. And I recovered back to a business that I built back up from zero to now. I get I start the the real estate investors coming into Arizona, and they're buying these houses that are undervalued. And so I started to do those loans. They were really little loans. There's like 50,000, or loans. Nobody's making a bunch of money on 50,000 our loans by doing a ton of them. And then I went from there to doing more and more they went from from Arizona to Indiana, Indiana, Missouri, Missouri, to Texas, and then over to Tennessee. And so I started doing more and more loans. Well, then I had one of my biggest competitors, who was also a guy call and he'll give me pointers on how to do some of these loans are a little bit tougher. He decided in 2015 that we should merge our businesses. So when he flipped, they flew me out to Utah, I sat down with him and some of the executives in the company. Let's do that. So I merged the business with him. But you can only do the loans under one person's name. Well, since we're merging into his company, well, the company he worked for as a loan originator was put on to his name. Six months later, he pulled it all apart, took it off himself and left me at zero again. And it took my entire database. Well, the executives called me up to say, um, we're probably at the fire your staff, and you're just gonna have to start over like, No, give me 90 days. So me and my staff have two or three, we sat down and we said, what are we going to do when the phone rings is going to ring in 10 minutes? What are we going to do with these deals, now, you don't have our big team anymore. And we mapped out a plan. And within six months, I was ranked number nine in the company. And within a year, I taken over the number one spot within the company. And now years later, that guy's out of the business. Because he I mean, that's what happens when you become selfish you and it's all about you, everybody leaves you he ended up all by himself, he end up not having a business anymore. He's completely out. I haven't heard anything from him, he got away from doing investor loans like three, four years ago. And I would venture to say I'm the number one guy in conventional lending for real estate investors. And last I saw by statistical numbers that was just published in a mortgage originator magazine, if you look at how many trends looking at by how many transactions closed per year, I think I'm right, number six or seven, the United States. Michael: That's wild Aaron. That's so insane. Aaron: And to me, a lot of people is like, how did you do all that and I'm like, you just every single day you have an objective and you keep moving forward. And it was actually, to me the noise of the world getting turned down around me and I was stuck to my own thoughts. You have to decide whether or not you agree with the person that you were and I would did not like the person I was at that time. I was a really arrogant, cocky prick before that accident. You know, I was dressing the part and acting department being the man. Now it's like, you know, I decided I'm just gonna be me. And if people don't like me, then then that's fine. I don't need to we don't need to do business. It's not about that I would do whatever I need to do to close a deal before. Now. I just want to make sure I get along with a person. And like one guy told me this last week, I thought it was really interesting. He says, Do you you just collect people? Like what do you mean I collect people because you collect relationships, because that's that's your investment, you invest you invest in things, but you spend money to make sure you have more relationships with people. And that's the truth. And that came up because we talked about flying first class, one guy said he's really really cheap. The other guy said no, I love first class, I got pampered by it. They say you fly first class all the time. So yeah, I'm Executive Platinum with American Airlines, I spend more time in seat 3D and I do at my house. But it's not for the seat, or for the free drinks. It's for the person next to me. Because you'd be amazed at the kind of people you sit with in that environment and the kind of conversation you get to have. And they're all very, very memorable. If you'll just reach out and say hi. Michael: Yeah, that's such a different way of approaching it. You know, so many people are going for the drinks or going for the big seat. Sounds like you could care less about that. Aaron: No, I mean, it's comfortable being a sibling I hate sitting in the back, because because of how much Americans have the room. Let me I'm not I'm not a fan. I do have to I do fly Allegiant from Arizona to to Missouri. So it's only one one stop to go to my place out in Missouri. So I still do it. I'm not a fan of it. I don't love it. We in fact, my family is dubbed at low rider of the sky. But when we go to kind of fly American, I'm, it's gonna be a long flight. I need to be comfortable. For two reasons. One, I've just gotten used to it. And I like sitting next to people I sit next to number two, I've lived the last What is it now? 12 years, 14 years in pretty heavy pain. And because of that pain, when we hit the sky, and they start pressurizing. I was doing a lot of pain in my shoulders, a lot of pain in my legs, my ankles are just both my feet were snapped off in that in that accident. So the extreme pain I was dealing with that. It's now gotten a lot less because I really took the time to rehab this last year, I went to rehab to physical therapists like crazy and we had loss and I got back to working out I got in a lot better shape than I've been in a long time in 14 years, honestly. And I feel awesome. But now the reasons I sit up there is not for the same reasons. It's for the it's for the relationships and like yourself, right? Well, I'm collecting people right here now. And now wherever I go. I see you as there's my guy. There's Mike. Michael: Yeah, no, absolutely, absolutely. So Aaron, I mean, you've been like literally to hell and back again and came out on top. So for people that have maybe been never been through a downturn or a market cycle, if that's what we're headed into. And it sounds like that might not even be the case. I mean, what should people be doing to prepare, if they do find themselves with those shorter term loans coming due now? Aaron: Well, and they're gonna come to at some point, even if it's not now, I think they need to be on the watch for any opportunity to put themselves into a longer term loan and have to bite the bullet or whatever that expense is. Do I believe, I mean, I think interest rates going to keep climbing to an extent they're gonna have to taper off because I can't see us continuing down this path. Interest rates are just, you know, mortgage backed securities are getting slaughtered, but I also can't see why anybody, anybody want to invest money in the mortgage backed security. Honestly, I don't understand why that money is flowing in there. Because if inflation is as high as it is, and you're going to lend somebody money, potential for 30 years risking it for 30 years, you're not getting your money back, you're losing money. But the marketing engine that is the real estate, the mortgage lending world, for the banking world, the marketing engine has convinced people, if you drop it 1%, you should refinance. And so the majority of people will refi, within the first four to five years, you're looking at an amortization, amortization table, the first four to five years, they're taking advantage of you, because you're all you're doing is paying an interest and then you put you back into a heavy interest period, they're gonna continue to keep them just just sucking money from you is what they're doing. So they're, I believe, there's going to come a point that we're going to taper off, things might get a little bit better. And if it does that, within the next year or two, I'm going to highly encourage you, if you got suckered into a short term loan on a long term hold, get into a long term loan, get yourself comfortable. I always say control what you can control for as long as you can control it. And you can't do that in a short term loan. It's just not going to work that way. Michael: Yeah. No, I love it. And from a mindset perspective, I mean, it, I could see it so easily where you could have given up when you lost everything in a weight when you woke up from when you came out of the hospital, you know, went from a positive network to several millions and negative net worth overnight, seemingly? I mean, how do you get out of that? Because I think, again, it's so easy to go into despair and poor me. What kind of mindset does it take to lift yourself up from that? Aaron: Yeah, that that was an interesting question to have to answer. Because not only do you have when you stack it all up, and I have to ask myself several times, how did I get where I'm at? Now, when I look back on that particular thing? It it was, like you said, you get your *** whooped that heavily. You're the everything's taken from you, you can't get you can't walk, you can't think you can't pay for anything. And they're giving you free drugs. And it wasn't just, it wasn't just weak drugs. This was good, good stuff. I don't know if you've ever had a lot of bad stuff. Is that amazing? Michael: It's not Advil. Aaron: No, it is definitely not Advil, and they were just willingly handing it to whatever you wanted, I had to get off of that. And I had to point myself in the right way. And I was still in a wheelchair, I was still having to deal with all this intense pain, I still had a lot of rods and stuff, multiple surgeries still being done. And I threw the stuff away and like, I don't want it, I gotta get my mind, right, I gotta get focused on where I needed to go. And what it was, as I've never sat still I just never had in my entire existence. So it was the drive to get up and get moving again. It was also that I always had an objective and a goal and where I was heading in life, even if it was just it was never really defined, but it was just kind of floating out there. I decided I was going to go after that I was going to continue after that. But I don't like to do is what was in front of me that day is day after day after day, day after day after day. But I think to the biggest driver at that point was I did not like the person I was before that accident. So I want to do everything I can to be anything but that man. And I am grateful that he was there to show me the way you shouldn't be doing things. But he was the biggest driver to continue to become something different. And then after that the next big driver was I had a good friend of mine. His name's Joel. He's like a brother of mine. And it's it's a really long story to tell you how we met because we hate each other first. But now he's basically like my brother. And we went out one night with our wives. And at the end of dinner or after the event, we went to walk into our cars we have the opposite direction goes, Hey, by the way, I'm making a big deal happen right now me and my business partner, and it's going to change your life. Like how's it going to change my life? If you're making a deal, he goes, I can't tell you, he goes, but it's going to close here real soon. But it's going to change your life, believe me, I'm gonna change your life. And as we parted ways, give him a hug. He turns around and walk in his car with both his hands and he goes, I'm going to change your life. And he yells out to me from like, 50 yards away, not knowing what that is. My colon changed my life, dude. Well, let's see what this is. Well, then, short time after that I found out he closed on the second largest. It's now the second largest real estate brokerage in the state of Arizona. And they'd made a deal with another lender to be their premier lender inside. What he wanted me to do is contact that lender and he told them call this guy, I want this guy in your company to work with us. So they called me and we talked about me coming over there. And to go over and meet with them and went through all the back contracts and everything. I'm like, Okay, well see how this goes. And they said we want you to come meet the CEO of the company, but you can't meet the CEO until you do this exercise and they hand me this five year vision that the CEO had for himself, you know, his five year plan and then they told me gave me the elements of the five year plan. Cool. So I wrote this out like this is all bullcrap. Nobody does this. None of this crap works as goal setting stuff is stupid. But Fine, I'll do it. Just so I can meet the CEO, Joel opened up the door on going to do a jewel asked me to do like sat down. I wrote out this audacious freaking plan, right? The best month I've had before that was 18 Maybe 18 transaction that due in a month. And I think I closed maybe 20 Some million a year or 25 million, maybe 30 million year my best year. Well, I wrote this thing I was going to do 100 million a year and my staff is gonna grow by this and that in that net over the five year window, no ideas, I set it up as a story. I'm sitting on along Rubicon Trail in my chair with a fire gun. My wife's next to me, we got the Jeep parked there were searing steaks on the on the trail grill, and I'm thinking back on my life or last five years, and I'm writing a letter to myself of everything that happened. So then I went forward, I met the CEO, he's like, this is the most unique five year plan I've ever seen written, we would love to have you come work for us. Now, incidentally, I didn't go work for those guys. It didn't work out. But I stuck with that five year plan. And I continue to follow that five year plan to go back and look at it look at it. I blew through everything on there and doubled it. Because I wrote it down. And then I discovered a few write things down things happen. So one of the next things that I'm doing, I have a book out there shows people I'm working on another book with Robert Allen, if you know who Robert Allen is, but we're working together on a book. So he wrote the book, no money down in the 80s. The guy was basically Michael: Oh, yeah. Okay. Aaron: So he's an absolute bad***. I mean, Robert is awesome. And we're writing this book as if me sitting there talking to an eight year old about how life or 18 year old about how life works. And it's taking a beating. So it's how to take a beating. And that beating is actually how you learn. And explain why believe that. And so on and on be teaching people within the first chapter, then all the way through the book on how to write this out, and then help people come to me will sit you down, I'll take it in an environment. And there's more stories about how that got done. And other ways I've used writing it down to become successful, and show people you write this stuff down. It's amazing how the universe starts to line up to get things done for you. Now, when it comes to a beating, right, the one thing is that we have noticed that we as humans learn better by getting our butts kicked. And I believe that there's this Bigfoot that wakes up at about 7:30 Every day, this big, ominous invisible foot to kick your *** all day long if you let it. If you so think about this, I wake up at 4:30 in the morning, I get up way before the foot does and I do what I want to do, right I sit down, I send a message to my team, every single morning, I read, I write, I do the stuff that I need to do I have prayer before I get started all that and then I go and I work out every single day. So but if you're a person who wakes up at 7:45, and you got to be the office by eight, the foots already up, right, it's already kicking your *** the second you put your foot on the ground from from the from your bed to try and get to the bathroom, you stumble into this, you stumble into that your day is just wrong from the very beginning. Get up before the foot does, you got to figure out where your personal foot wakes up. That's out there to kick your butt. And you got to get up before the foot doesn't plan your day and start executing on that. The other things that I've noticed with people, you know, how we learn, we do have to take a beating learn so you need to dissect every beat you've got so what am I learning from this? And how do I need to take from that, and let me illustrate how I know that. That's how that's true. I was six years old. And my parents put me in a Pentecostal school for my first grade year. I didn't go to kindergarten straight to first grade. And it was this Pentecostal church in this small town. And they had everything from first to high school senior all in one church and everybody had their own little thing and you had different teachers for all of it. And I segmented us first graders off for the first three months and we're meeting in the little room and they were teaching us the alphabet and numbers. And as they're going through the alphabet every letter was had a nursery rhyme style Limerick to it and a filmstrip. Now you may be a little too young to remember filmstrips. But it's up… Michael: No I got it, I got it. Aaron: Okay, so you got the film strips got the little thing. You'll play the music and here's the beep and you flip it to the next next slide, right? It's basically slides. Well, it was a it was the we got to the letter M. And the letter M was about this mule named Milton. And the way the nursery rhyme when it says Milton the mule he made a mistake as you read a map, you walked in a lake. And as it's going through those filmstrips, you've got this cartoon mule walking down the road, in a suit holding this map, and then you see him falling in this lake. Well me being me, even at six years old, I redid the limerick, and I said it out loud. So instead of having Milton falling out falling in a lake, I had him ******* in a bucket. I know it's stupid. Right? The six year old stuff. The little girl sitting next to me did what you just did, she laughed about it. That didn't go over well with the teacher. Now the teacher happened to be the wife of Noah, who was also the pastor. She heard all this so she grabbed both of your ear lobes. Walk the straight to the principal's office and sat us down in these chairs. This guy was not a small guy. He was a big man. So he's the pastor. He's the principal. He made me repeat exactly what I said. When I was done. He turns around he picks up this old aircraft aluminum style briefcase, sets it on his desk, puts in the code opens it and very ceremoniously turns it so I can see the contents had a padded interior cut out to houses pattern. So then he pulls the paddle out makes us both stand up and turn around and put our hands on the on the chairs. She got one swap I got two because I'm the one that came up with the limerick. Now it wasn't that hard. My dad's Irish my mom was Spanish Believe me I that way harder buttons for a lot less than what that guy gave me. But it was The gravity of the situation that caused the tears to flow. And then I also knew I had to face my dad that night. He always told me if you go to the principal's office, you're getting an *** whoppin. Well, I did. I got a pretty good one. But ultimately, the main reason I bring that story up is there's how many letters in the English language? Michael: There's 24 Aaron It's 26? Michael: That's so embarrassing. Aaron: I know. I googled that I thought it was 24 as well very recently, and I go, so yeah, there's 26. So 26 letters, which we just established. How many guy remember the limerick for? Michael: How many did you remember the limerick for? You probably remembered him for all of them. But for sure M. Aaron; Just one. That's the only one I remember. I remember the letter M. I don't know anything about the other ones. That was 42 years ago, I can only recite the one for letter M I don't remember what the other ones were about. I can't remember you even articulate what the letter A would have said for it be what it stood for. But remember what M step four? Why do I remember it because I got my *** beat. That's why. So we as humans learn very well through a beating. So what I tell people don't take, don't take a beating is something that's bad, learn whatever you got to do, just don't take the same beating. There's nothing wrong with making mistakes, just make new mistakes. Because you're making new mistakes, you're still advancing. There's nobody, that people who fail to get ahead in life make the same mistake over again. The other there's another thing that they say is there's two types of people never amount to anything. A person that can't do it, they're told, and a person that can do nothing but. I would say take the time, and analyze that to people that will never amount to anything, a person that can't do what they're told, and a person that could do nothing but. Those are some very, very powerful words to sit and think about. And you have to figure out who am I? What am I getting done? What kind of *** whopping am I taken on a daily basis? And I said the same one over and over again. What do I got to do to make adjustments so I could advance myself and get away from this beating I keep taking. Michael: Man Mike drop exit stage left Aaron Chapman, everybody. This was so much fun, man. How do people get in touch with you if they need you? Aaron: Best way is Aaron chapman.com Or just go to Google and type in Aaron chat and you see a bald bearded redneck lender you got the guy. Michael: That's you awesome, man. This was so much fun. Aaron thank you again for coming on for the third time. This was definitely the one that did it. We'll do it. We'll be in touch man. Aaron: Thanks, brother. Appreciate you man. Michael: Likewise, you got it. Okay, everyone that was our episode A big thank you to Aaron for coming on today and the other two episodes as well. If you didn't catch those, I highly recommend you give those listened to Aaron dropped some really fantastic wisdom, knowledge and thought perspective on where we're headed in the next couple of months and yours with the market. As always, if you enjoyed the episode, we'd love to hear from you with a rating or review wherever it is get your podcasts and we look forward to seeing on the next one. Happy investing
Attacking Scrum - Wales Rugby Podcast for Welsh Rugby fans
Ged is joined by Steffan Thomas to review Wales' disappointing opener to the All Black. Is this Wayne Pivac's fault or do the problems run deeper than that? Elsewhere, are Ireland contenders for RWC 2023 or can anyone stop France? Hosted on Acast. See acast.com/privacy for more information.
After the football team got back into the winning column and with year two of the Wes Miller tenure for the basketball team a day away, there's no better time for the Danco Transmission Bearcat Bounce Podcast. Brent Young, Aaron Smith, Chad Brendel and Ryan Royer break down the 20-10 victory over Navy including the big players on defense and offense before hopefully closing the book on the triple option. The boys then take a look at some basketball superlatives on the eve of the Bearcats season and touch on recruiting in both sports before diving head first into the BBP Mailbag. All of these and more this week on the BBP presented by BearcatJournal.com. Here are the Quick Paper Supply Time Stamps 0:00 - 1:08:00 Quality Paper Supply Time Stamp: Bearcats Sink Midshipmen 1:08:00 - 1:45:00 Quick Paper Supply Time Stamp: Preseason Basketball Superlatives 1:45:00 - 2:13:58 Quick Paper Supply Time Stamp: Recruiting and BBP Mailbag
Elon Musk finally owns Twitter, but is the social media giant circling the drain or about to become something entirely new? Should Medibank pay the ransom to keep customers' sensitive medical data safe? I was on this week's Vertical Hold: Behind The Tech News and this is an updated version."Australian technology news podcast Vertical Hold dives into the big stories of the week. Joined by Australia's leading tech journalists every Friday, co-hosts @adam_turner and @alexkidman channel-surf through the headlines in search of the big picture," they write."A week is a long time in politics, they say… and it turns out it's a long time when you're the new owner of Twitter, having spent $44 billion dollars to own it. Elon Musk has been on an absolute tear this week, but what will his changes mean for Twitter? Will anyone pay $8/month for a verified tick, and what are they worth if anyone can just do that anyway?"Meanwhile the breaches are coming thick and fast as we dive into the details (such as they are) behind the Medibank data breach, and Sony reveals its PSVR2 pricing!"Vertical Hold can be found in all the podcast apps or at:https://verticalhold.com.auFull podcast details at:https://the9pmedict.com/edict/vh403/Please consider supporting The 9pm Edict at:https://the9pmedict.com/tip/https://skank.com.au/subscribe/
Four our last installment of Cringetober, we are taking a look at a cringey animated film of the tragedy that was the Titanic. You may just want to hop in the lifeboat now.
On this day in 1859, one of the worst storms in history struck the British Isles, sinking 133 ships and badly damaging 90 others. See omnystudio.com/listener for privacy information.
Alliant 3. To those in the know, this is the name of a promising new governmentwide acquisition contract for technology services. The request for proposals is now out, and open for comments. One move by the General Services Administration threatens the whole deal, in the view of our next guest. The Federal Drive's Tom Temin spoke with Federal sales and marketing consultant Larry Allen.
Show note links: Download The Positive Pants Toolkit App https://franexcell.com/positive-pants-toolkit-app Freebies: Grab your FREE ‘Stressed To Success' meditation: https://bit.ly/stressedtosuccess Book in a free discovery call: https://calendly.com/franexcell/20min Ways to work with me: 1:1: https://franexcell.com/work-with-me SOS! (Success Over Stress) Group Programme (Coming back winter 2022!) Join The Positive Pants Toolkit App https://franexcell.com/positive-pants-toolkit-app Enneagram Essentials 90 minute 1:1 & Guide book https://app.moonclerk.com/pay/2b6wubgnysrp Products: Grab Your 365 day Gratitude Journal on Amazon:https://bit.ly/365daygratitude Grab Your Positive Pants Firmly On Notebook:https://bit.ly/positivepantsonbook Contact: Make sure you're following me on Instagram https://www.instagram.com/imfranexcell/ and tag me into your key takeaways! Email me at firstname.lastname@example.org with any questions or take aways! For more, head over to: www.franexcell.com/ Is Sunk Cost Fallacy Keeping You From Happiness? Is sunk cost fallacy keeping you from happiness? Firstly we should probably talk about what sunk cost fallacy actually is. According to the Oxford Dictionary it's ‘the phenomenon whereby a person is reluctant to abandon a strategy or course of action because they have invested heavily in it, even when it is clear that abandonment would be more beneficial.' And it can HUGELY impact the decisions you make AND your happiness. In SO many areas of life. Right now with everything feeling so tumultuous I'm seeing sunk cost fallacy clouding decisions and causing lots of unnecessary pain for people. So let's have a chat about it. When something isn't working for you anymore but you've invested a tonne of time, effort, money, emotion and energy it's VERY hard to let go of. Particularly because there are SO many stories that may need to be challenged around what those decisions mean. So today I'm offering up a little reframe for you in an attempt to help you release some of the tension you might be feeling right now. If you've been with me a while you'll already know I don't subscribe to the rubbish around starting a business purely to escape the big bad 9-5. I don't subscribe to the idea you should stay in something because you've been in it a long time. Business, careers, relationships, friendships. Life is all about reassessing and checking in with how you feel and course correcting. I don't subscribe to the idea that having a job means you're less successful than anyone else. I don't subscribe to the notion that you can't do multiple things. I don't subscribe to the notion that you can't have both a job and a business…in fact that's when I've been at my happiest. (hello…enneagram 6 here i'm all about the safety and security!!) I don't subscribe to the notion that you can't change your mind! I think it's so dangerous to intentionally cause someone to believe there's something ‘wrong' with them if their version of success and happiness doesn't fit a certain mold just to sell your product. And unfortunately that's the world we live in right now be it business, relationships, weight loss, parenting, health, spirituality. People knowingly creating a belief of ‘if i'm not this, or don't have that then I'm not good enough' and attaching things to your identity that should be nowhere near it! There's a lot of fear mongering, shame and guilt thrown into a lot of marketing online at the moment. It's causing people to compare themselves, attach a weight, a revenue number or audience size to how valuable you are as a person. I see it as the next epidemic and I'm glad I'm starting to see a lot of companies making a stand against it! And I'm loving the rise and rise of people taking wellness seriously but there's definitely a lot of work to be done. It hurts my soul to see so many people feeling this way about themselves when they're doing things countless other people wouldn't have the guts to do. Your own safety and happiness should come first in everything. Screw what anyone else thinks or tries to tell you you should do, have or be. It hugely grinds my gears so I think we need to debunk some myths and shift some perspectives. There is a very real mental health crisis going on at the moment which I believe is being compounded by a lot of the online messaging that we're given in order to keep us buying. I'm always telling my clients to do what makes them happy and feel secure and out of scarcity. If that means a full time, part time or contract job while you're growing your business then awesome. If that means realising the career you thought you'd love isn't aligning with you anymore and looking for a total change, awesome. If it's a relationship or a friendship and you've realised it's not right anymore. Sunk cost fallacy can affect us across all areas of our lives in one way shape or form. So where in your life right now are you not making a decision you want to because of sunk cost fallacy? The last 2.5 years have been bananas! It makes perfect sense if you're tired or have re-evaluated your priorities. What isn't fitting anymore? Where are you clinging onto something because you've invested time, energy, money, effort and emotion into it? What is the story being that? What are you telling yourself is true? What is the reason outside of ‘i've spent so much time, energy, effort and emotion'. What else is there for you? What does the change give you and what does it take away? Does it give you breathing space? Does it give you more time? Does it take away anxiety? These are important questions to ask yourself. I'm a big believer that if something isn't making you happy anymore that it needs to change. Even if it takes a little time. I've been slowly shifting things up in my own business in my own pivot for a while. It can take time but you must be honest with yourself when your happiness is at stake. So pay attention to the stories and grab your journal. Are they true? A few examples might be getting a job, part time or full time doesn't mean you have to stop building your business. Changing your niche, ideal client, products, anything about your business or changing your career doesn't mean you've failed in any way. Taking the time to figure out what you want doesn't mean you aren't successful. There are so many ways to shift your perspective on making a change and doing the right thing for you. Could you look at it as brave or courageous? Could you see it as what it is….just being honest with yourself and continuing to pursue your own happiness? It certainly doesn't mean you're less than anyone else in any way. People are having to make hard decisions during the current climate. Particularly here in the UK with the insane amount of change and uncertainty. With things feeling like they're changing by the minute, no wonder there's heightened stress and anxiety. Lean on all your tools. You know the ones, the ones I'm talking about alllll the time. Lean boldly into the decisions that are right for YOU. No one can tell you what those are, everyone's situation is different, there is no one size fits all. If you've been ignoring a niggle or a pull to do something and have held yourself back because of sunk cost fallacy as yourself if it's really coming from you, or your fear of judgement from other people. You set your own rules. Hang in there tiger, you've got this! Fx
There are books out there and experts who are much better qualified to speak on this topic; but understanding these all helped me so much over the years, so I wanted to share them in today's podcast. Hopefully it helps. 1. Projection and handling my own insecurities 01:32 2. Opportunity cost and spending time doing the wrong thing or with the wrong people 13:05 3. Sunk cost fallacy and continuing to do something even though you know your ladder is against the wrong wall 17:59 4. Confirmation bias and problem with being in an Eco chamber with emotional vampires 22:50 5. Forward projection and future self-techniques 29:01 6. Pre Mortens or unpacking the worst case scenario 34:11 7. Hindsight bias and why people will have an opinion on whatever you decide to do (so you may as well do the things you want) 42:15 8. Negativity bias and why negative comments take up so much mental real estate 46:40 9. Action bias and shiny objects syndrome 50:46 10. The “I'll be happy when fallacy” 56:14 11. Attachment styles - anxious, avoidant and secure 59:05 BKF Online Program: https://briankeanefitness.com/bkf-online/ GAA Lean Body Program: https://briankeanefitness.com/lean-body-program/ Amazon link to all my books: https://www.amazon.co.uk/s?k=brian+keane&sprefix=brian+k&ref=nb_sb_ss_i_1_7 Rewire Your Mindset Course: https://briankeanefitness.com/rewire-your-mindset-course/
Episode Breakdown: GW13 FA/Waiver Picks
With Mraz out due to an assorted set of events, D.A. and Bogusch break down the wild week. We walk down memory lane with Nick Kostos and Bogusch in college. And Zach Gelb joins to analyze the Matt Ruhle punishment.
With Mraz out due to an assorted set of events, D.A. and Bogusch break down the wild week. We walk down memory lane with Nick Kostos and Bogusch in college. And Zach Gelb joins to analyze the Matt Ruhle punishment.
During the summer, much of Europe faced a string of extreme heat waves and a devastating drought. As a result, many reservoirs and rivers have shrunk back to reveal historical structures and relics that, in some cases, date back thousands of years. Once-submerged villages, ships, and bridges have re-emerged this year. In northwest Spain, a […]
Hurricane Ian washed thousands of boats onto land all along the coast of Southwest Florida, and sank many as well. We talk with someone from the Boat Owners Association of The United States to find out who is responsible for removing or salvaging them.And when a disaster like Hurricane Ian unfolds The American Red Cross is there before, during, and after the storm. The non-profit humanitarian organization currently has more than 1,800 disaster workers and volunteers on the ground across the affected communities.
The Unholy Trinity - Everton Podcast
The lads are back, as they look back on Everton's first away win of the season; Momentum is now building, with the blues unbeaten in seven games and the lads discuss whether this is now the new Everton identity emerging; The show rounds off with a look ahead to the visit of Manchester United to Goodison Park Learn more about your ad choices. Visit megaphone.fm/adchoices
BootstrapMD - Physician Entrepreneurs Podcast
Sunk costs can have a big impact on new entrepreneurs, especially those who spent blood, sweat, and tears in another career. Sunk costs can lead entrepreneurs to continue working on a new venture even when it is no longer feasible. Or continuing to invest time and money in a flailng project, despite all the warning signs. On this episode we discuss the awareness of the sunk cost fallacy so that you can make decisions based on what makes sense in the present, rather than what has happened in the past. I share my own struggles with sunk costs, and 5 ways you can better overcome it to become a better entrepreneur. ===== PhysicianCoaches.com The #1 Doctor Directory for Physician Coaches, Consultants, and Mentors https://www.PhysicianCoaches.com ————— This Amazon Best Seller is Now on Audible! The Positioned Physician: Earn More, Work Smart, and Love Medicine Again, 2nd Edition: Updated with over 50 pages of new content including new chapters on goal setting, mindset, and sales strategies for a successful online business! https://www.amazon.com/Positioned-Physician-Updated-Smart-Medicine/dp/B08QFBMWCY FREE Masterclass: How to Become a High Paid, In Demand Physician Coach or Consultant https://www.positionedphysician.com/f/highly-paid-masterclass AFFILIATE SPONSOR: Invest in Passive Income with Crypto through Yield Nodes https://BootstrapMD.com/go/yieldnodes
4 - Bemutatkozott az új recepciósunk by Balázsék
Sunk costs are a mental trap that we can easily fall into. We can convince ourselves that we somehow have to make up for or recover from some mistake that we've made. We must make good on that deal or fix that problem before moving forward. The ultimate irony is that focusing on sunk costs keeps us from moving forward. James will talk about why sunk costs are such a block for us and how to get to a place where we can move forward and stop getting stuck in mental traps that we can't change. The economic definition of sunk costs is a cost that is not productive and can't be recovered. In personal finance, we get emotionally attached to sunk costs and want to repair them. James talks about why moving on is a better option. Episode Highlights: [02:07] Sunk costs is an economic term that means a cost that has been incurred that was not productive and cannot be recovered. [03:13] In personal finance, we don't identify things as sunk costs, instead we identify them as mistakes. It would actually be helpful to think of mistakes as sunk costs. [04:12] The reason sunk costs in personal finance is so painful is because we are paying for it long after it has been realized in the form of debt. [06:10] It's better to evaluate decisions going forward and find your next right steps. [06:57] Sunk costs can't be recovered, so stop trying. We get emotionally attached to sunk costs and convince ourselves that we have to somehow repair them. [08:29] We need to understand our reality today with less of a focus talking about yesterday. We need to make decisions in the present that will impact our future. [09:21] The sunk costs fallacy is a cognitive bias where we continue to pursue things that haven't been working and won't work. We've put so much into these things it's hard to stop. [10:39] When we make decisions from the past, we actually recreate the past. We turn our future into a version of those same past mistakes. [11:53] We get focused on the story we tell ourselves about the past and then we get committed to it. [14:04] Your past self may have given you a gift that is really valuable. Maybe the season of this gift has come to an end. [15:53] A different experience and a growing awareness can change your outcome. What has your past self given you whether they are gifts you haven't used or mistakes? Move towards the direction of what your future self wants and don't beat yourself up over sunk costs. [18:22] The best gift you can give your future self is freedom from sunk costs in your past! Resources & Links Related to this Episode Wealthquest Get Started Seth Godin Episode 121 Visualizing Your Future Self with Adam Day
Anthony, Rob, Robbie, and Joe talk about all about conspiracy theories...their favorite conspiracies, the ones they feel are most likely, the ones they feel are least likely, etc. (Avoiding Babylon officially endorses no specific conspiracy theories) #conspiracytheories #conspiracy #EpsteinDidntkillhimselfAnthony's sister is discerning religious life. She is currently hoping to become an aspirant with the Passionist Nuns . Most religious orders require an aspirant to be free of all debt before they take their vows. Anthony's sister Krissy has started a fundraising campaign on GiveSendGo. Please consider donating if you are able. https://www.givesendgo.com/sendkrissytoconventSupport the show
The Bounty had been used as a replica on film sets.