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Against the backdrop of Jewish rejection of Jesus, Jesus brings the disciples out of the land of Israel. And we see the faith of a Gentile woman, the wonder of a Gentile crowd, and the provision of a great Savior.
The book of Acts, also called the Acts of the Apostles, spotlights the fulfillment of the Great Commission. This powerful book was written by the Apostle Luke who also wrote the Gospel of Luke. Join Jerry as he walks through this book and recounts the spread of Christianity from Jerusalem to Judea, Samaria and the surrounding world. You will be encouraged by the power of the Holy Spirit at work in the lives of many who were transformed through hearing the gospel and witnessing of miracles. You can also take your daily Bible reading to another level with The New Testament Daily with Jerry Dirmann—so grab your Bible and let's get started! ------- Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: LINKS: « FREE MEDIA LIBRARY » To listen to or download more teachings from Jerry and others from Solid Lives ministries, visit our new media library at: https://app.jesusdisciple.com/jesus-way/media-library « THE NEW TESTAMENT DAILY PODCAST » https://thenewtestamentdailywithjerrydirmann.buzzsprout.com « SOLID LIVES » Find out more about the ministries of Jerry Dirmann and Solid Lives at https://www.solidlives.com/ « SUPPORT » You can help us get free resources like this out to more people. Visit https://pushpay.com/g/jdglobal Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: FREE MEDIA LIBRARY » Download or listen at https://SolidLivesMedia.com/ ABOUT SOLID LIVES » Find out more at https://www.solidlives.com/ SUPPORT » Help us get the word out at https://solidlives.com/give/
Our reading focuses on the New Testament book of Luke 11:1-36 Gospel of Luke available at https://amzn.to/3M6sTId Historical Jesus books available at https://amzn.to/43rnYbq ENJOY Ad-Free content, Bonus episodes, and Extra materials when joining our growing community on https://patreon.com/markvinet SUPPORT this channel by purchasing any product on Amazon using this FREE entry LINK https://amzn.to/3POlrUD (Amazon gives us credit at NO extra charge to you). Mark's video channel: https://youtube.com/c/TIMELINE_MarkVinet Website: https://markvinet.com/podcast Facebook: https://www.facebook.com/mark.vinet.9 Twitter: https://twitter.com/HistoricalJesu Instagram: https://www.instagram.com/denarynovels Mark's Books: https://amzn.to/3k8qrGM Bible Audio narration: Librivox - Twentieth Century New Testament – Gospel of Mark, Chapter 5, read by J.A Carter.See omnystudio.com/listener for privacy information.
The book of Acts, also called the Acts of the Apostles, spotlights the fulfillment of the Great Commission. This powerful book was written by the Apostle Luke who also wrote the Gospel of Luke. Join Jerry as he walks through this book and recounts the spread of Christianity from Jerusalem to Judea, Samaria and the surrounding world. You will be encouraged by the power of the Holy Spirit at work in the lives of many who were transformed through hearing the gospel and witnessing of miracles. You can also take your daily Bible reading to another level with The New Testament Daily with Jerry Dirmann—so grab your Bible and let's get started! ------- Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: LINKS: « FREE MEDIA LIBRARY » To listen to or download more teachings from Jerry and others from Solid Lives ministries, visit our new media library at: https://app.jesusdisciple.com/jesus-way/media-library « THE NEW TESTAMENT DAILY PODCAST » https://thenewtestamentdailywithjerrydirmann.buzzsprout.com « SOLID LIVES » Find out more about the ministries of Jerry Dirmann and Solid Lives at https://www.solidlives.com/ « SUPPORT » You can help us get free resources like this out to more people. Visit https://pushpay.com/g/jdglobal Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: FREE MEDIA LIBRARY » Download or listen at https://SolidLivesMedia.com/ ABOUT SOLID LIVES » Find out more at https://www.solidlives.com/ SUPPORT » Help us get the word out at https://solidlives.com/give/
The book of Acts, also called the Acts of the Apostles, spotlights the fulfillment of the Great Commission. This powerful book was written by the Apostle Luke who also wrote the Gospel of Luke. Join Jerry as he walks through this book and recounts the spread of Christianity from Jerusalem to Judea, Samaria and the surrounding world. You will be encouraged by the power of the Holy Spirit at work in the lives of many who were transformed through hearing the gospel and witnessing of miracles. You can also take your daily Bible reading to another level with The New Testament Daily with Jerry Dirmann—so grab your Bible and let's get started! ------- Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: LINKS: « FREE MEDIA LIBRARY » To listen to or download more teachings from Jerry and others from Solid Lives ministries, visit our new media library at: https://app.jesusdisciple.com/jesus-way/media-library « THE NEW TESTAMENT DAILY PODCAST » https://thenewtestamentdailywithjerrydirmann.buzzsprout.com « SOLID LIVES » Find out more about the ministries of Jerry Dirmann and Solid Lives at https://www.solidlives.com/ « SUPPORT » You can help us get free resources like this out to more people. Visit https://pushpay.com/g/jdglobal Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: FREE MEDIA LIBRARY » Download or listen at https://SolidLivesMedia.com/ ABOUT SOLID LIVES » Find out more at https://www.solidlives.com/ SUPPORT » Help us get the word out at https://solidlives.com/give/
The book of Acts, also called the Acts of the Apostles, spotlights the fulfillment of the Great Commission. This powerful book was written by the Apostle Luke who also wrote the Gospel of Luke. Join Jerry as he walks through this book and recounts the spread of Christianity from Jerusalem to Judea, Samaria and the surrounding world. You will be encouraged by the power of the Holy Spirit at work in the lives of many who were transformed through hearing the gospel and witnessing of miracles. You can also take your daily Bible reading to another level with The New Testament Daily with Jerry Dirmann—so grab your Bible and let's get started! ------- Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: LINKS: « FREE MEDIA LIBRARY » To listen to or download more teachings from Jerry and others from Solid Lives ministries, visit our new media library at: https://app.jesusdisciple.com/jesus-way/media-library « THE NEW TESTAMENT DAILY PODCAST » https://thenewtestamentdailywithjerrydirmann.buzzsprout.com « SOLID LIVES » Find out more about the ministries of Jerry Dirmann and Solid Lives at https://www.solidlives.com/ « SUPPORT » You can help us get free resources like this out to more people. Visit https://pushpay.com/g/jdglobal Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: FREE MEDIA LIBRARY » Download or listen at https://SolidLivesMedia.com/ ABOUT SOLID LIVES » Find out more at https://www.solidlives.com/ SUPPORT » Help us get the word out at https://solidlives.com/give/
The book of Acts, also called the Acts of the Apostles, spotlights the fulfillment of the Great Commission. This powerful book was written by the Apostle Luke who also wrote the Gospel of Luke. Join Jerry as he walks through this book and recounts the spread of Christianity from Jerusalem to Judea, Samaria and the surrounding world. You will be encouraged by the power of the Holy Spirit at work in the lives of many who were transformed through hearing the gospel and witnessing of miracles. You can also take your daily Bible reading to another level with The New Testament Daily with Jerry Dirmann—so grab your Bible and let's get started! ------- Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: LINKS: « FREE MEDIA LIBRARY » To listen to or download more teachings from Jerry and others from Solid Lives ministries, visit our new media library at: https://app.jesusdisciple.com/jesus-way/media-library « THE NEW TESTAMENT DAILY PODCAST » https://thenewtestamentdailywithjerrydirmann.buzzsprout.com « SOLID LIVES » Find out more about the ministries of Jerry Dirmann and Solid Lives at https://www.solidlives.com/ « SUPPORT » You can help us get free resources like this out to more people. Visit https://pushpay.com/g/jdglobal Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: FREE MEDIA LIBRARY » Download or listen at https://SolidLivesMedia.com/ ABOUT SOLID LIVES » Find out more at https://www.solidlives.com/ SUPPORT » Help us get the word out at https://solidlives.com/give/
If God loves us, why do people hate us? Jesus tells us. Let's find out what he says as we read Mark 13:9-13 and Isaiah 66.
50% of individuals have NO estate plan. The other 50% - majority have a Last Will and Testament. You need to go beyond just having a will. Many reasons you should consider to possibly having a trust for your personal benefit, to avoid probate, to protect your assets, to protect your spendthrift kids, to protect your assets from going to a new spouse, to protect your surviving spouse from not being able to manage the investments, etc. You get the point. You don't need multiple millions of dollars to benefit from Comprehensive Estate Planning. You are the only one responsible for your planning: Investment / Tax / Estate Planning / Asset Protection. The only way you are going to accomplish anything is to take action. One action which I know you will use - your Comprehensive Estate Plan. Will you inadvertently disinherit your children? If you are a "do-it yourself" kinda person this is a must listen. Your low cost 1-800 financial firm could very easily cost your family your entire 401(k). Let that sink in.Did you name your spouse as the primary beneficiary on your life Insurance policy? Bet you did.... this could be one of the biggest financial mistakes you make.Estate Management Counselors, LLC can be your fiduciary professional investment counselor and advisor as we are licensed to provide our valued clients with integrated financial, tax and estate planning advice. Interested in learning how Estate Management Counselors can add value to your investment portfolio? Contact us at 404-250-9798. A unique offering we are providing to our listeners: The Logical Plan™ To a prosperous and happy 2025!!Sean G. Todd, Esq., M. Tax, CFP®, CPAP.S. Your tax, estate and financial plan - uniquely coordinated: click here EMC The Bundle
The book of Acts, also called the Acts of the Apostles, spotlights the fulfillment of the Great Commission. This powerful book was written by the Apostle Luke who also wrote the Gospel of Luke. Join Jerry as he walks through this book and recounts the spread of Christianity from Jerusalem to Judea, Samaria and the surrounding world. You will be encouraged by the power of the Holy Spirit at work in the lives of many who were transformed through hearing the gospel and witnessing of miracles. You can also take your daily Bible reading to another level with The New Testament Daily with Jerry Dirmann—so grab your Bible and let's get started! ------- Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: FREE MEDIA LIBRARY » Download or listen at https://SolidLivesMedia.com/ ABOUT SOLID LIVES » Find out more at https://www.solidlives.com/ SUPPORT » Help us get the word out at https://solidlives.com/give/ Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: FREE MEDIA LIBRARY » Download or listen at https://SolidLivesMedia.com/ ABOUT SOLID LIVES » Find out more at https://www.solidlives.com/ SUPPORT » Help us get the word out at https://solidlives.com/give/
Jesus told us to endure. Why? Is it worth it? Let's find out together as we read Matthew 24:9-14 and 2 Chronicles 15:1-19.
Podcast: Light on Life Season Twelve Episode Thirty-Six. What is growing in God? What does it mean to grow in God? “The Bible tells us in 1 Corinthians 3 that God is our partner in growth. That means only one thing: growth is a God idea. Consider it like a caterpillar becoming a butterfly. At first, it seems insignificant, but then it undergoes […] The post Why Growth Is a God Thing You Should Engage appeared first on emeryhorvath.com. Related posts: No related posts.
50% of individuals have NO estate plan. The other 50% - majority have a Last Will and Testament. You need to go beyond just having a will. Many reasons you should consider to possibly having a trust for your personal benefit, to avoid probate, to protect your assets, to protect your spendthrift kids, to protect your assets from going to a new spouse, to protect your surviving spouse from not being able to manage the investments, etc. You get the point. You don't need multiple millions of dollars to benefit from Comprehensive Estate Planning. You are the only one responsible for your planning: Investment / Tax / Estate Planning / Asset Protection. The only way you are going to accomplish anything is to take action. One action which I know you will use - your Comprehensive Estate Plan. Will you inadvertently disinherit your children? If you are a "do-it yourself" kinda person this is a must listen. Your low cost 1-800 financial firm could very easily cost your family your entire 401(k). Let that sink in.Did you name your spouse as the primary beneficiary on your life Insurance policy? Bet you did.... this could be one of the biggest financial mistakes you make.Estate Management Counselors, LLC can be your fiduciary professional investment counselor and advisor as we are licensed to provide our valued clients with integrated financial, tax and estate planning advice. Interested in learning how Estate Management Counselors can add value to your investment portfolio? Contact us at 404-250-9798. A unique offering we are providing to our listeners: The Logical Plan™ To a prosperous and happy 2025!!Sean G. Todd, Esq., M. Tax, CFP®, CPAP.S. Your tax, estate and financial plan - uniquely coordinated: click here EMC The Bundle
In these 20 verses, Jesus directs us to the need for inward transformation not outward conformity. He urges us to treasure the commands of God sincerely from the heart. Not to make a show of religion. He invites us to draw our hearts near to Him. To be changed by Him as we behold Him. To see our grip on sin loosen as we walk with Him. To feel our hearts long for obedience as we delight in Him.
This gospel written by the apostle John is one of the most beloved gospels. John takes you from (quite literally) the very beginning of all things, through the prophetic fulfillment of Jesus' arrival and ministry, the life and teachings of Jesus, to the commissions he gave to His followers after the resurrection. It's through this gospel you will see Jesus, the Son of God, in a light that is unique, with profound implications for your life. Grab your Bible and get ready to join Jerry Dirmann as he walks through this gospel, and gives helpful teaching and insights along the way, helping you to understand, and to apply it in your every day life. You can also take your daily Bible reading to another level with The New Testament Daily with Jerry Dirmann—including all of the books of the New Testament. ------- Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: FREE MEDIA LIBRARY » Download or listen at https://SolidLivesMedia.com/ ABOUT SOLID LIVES » Find out more at https://www.solidlives.com/ SUPPORT » Help us get the word out at https://solidlives.com/give/ Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: FREE MEDIA LIBRARY » Download or listen at https://SolidLivesMedia.com/ ABOUT SOLID LIVES » Find out more at https://www.solidlives.com/ SUPPORT » Help us get the word out at https://solidlives.com/give/
Testing of Faith Produces PerseveranceJames 1:2 -4 & 12 “Consider it pure joy, my brothers and sisters, whenever you face trials of many kinds, because you know that the testing of your faith produces perseverance. Let perseverance finish its work so that you may be mature and complete, not lacking anything. Blessed is the man who remains steadfast under trial, for when he has stood the test he will receive the crown of life, which God has promised to those who love him.”This is a pretty tall order. This verse asks us to consider it pure joy whenever you face trials of many kinds because we know that testing of our faith produces perseverance. I understand what the verse is saying. I understand the concept. I am just not sure I understand how to do this. I'm not sure joy would be the word I would use when I am undergoing trials. I would say words like sad, frustrated, mad, angry, annoyed, scared, lonely and defeated seem more like what I feel when I am going through trials. So, why is this verse telling us to feel joy? We often ask why we have to struggle? We ask why we have to face various kids of trials? I have learned from Father Mike that there isn't just one reason why we find ourselves in trials. Father Mike states several times in his Bible in a Year podcast that sometimes we do find ourselves in difficult trials because of something we have done. Sometimes we go against what the Lord wants us to do and there are consequences for that. Other times, the situation we are in is not of our own doing and does not mean that we did anything wrong. For instance, Job, he was a righteous in the eyes of the Lord, yet he suffered terribly. Not all suffering is a result of sin. Another example, of this is found in John 9:1-3 “As he went along, he saw a man blind from birth. His disciples asked him, "Rabbi, who sinned, this man or his parents, that he was born blind?” "Neither this man nor his parents sinned," said Jesus, "but this happened so that the work of God might be displayed in his life.”Do you see the reasons for your trials can vary. I think a lot of us think if we are struggling, then we must have done something to deserve it. God must be punishing us in some way. I have heard that one a lot. Jesus is telling us right here in the Bible, your trials are not always because of sin. Sometimes your trials are to show the work of God in your life. It is rare that you know the reason for your struggle while you are in it. However, even if you did, I am not sure it would make it easier. Take this verse for instance. It says that when our faith is tested we gain perseverance. Perseverance is great. It is often times the thing that gets us through our trials. I find it interesting that in order for our perseverance to grow we need to go through trails, yet our perseverance is what helps us get through those trials. I am glad that I have gained a lot of perseverance over the years. Even though I know that I will gain perseverance when I go through a hard time, it doesn't make that hard time easier. The rest of the verse says to “Let perseverance finish its work so that you may be mature and complete, not lacking anything. Blessed is the man who remains steadfast under trial, for when he has stood the test he will receive the crown of life, which God has promised to those who love him.” That all sounds wonderful. I definitely want to be mature and not lacking in anything. I also definitely want to receive the crown of life. The problem is, I don't know how to remain steadfast under trial. I don't know how to consider it joy that I have trials. I know what the Lord wants me to do, I am just not sure how to do it. I love how the Lord always gives us answers. I was just thinking that it would be nice if I could give you guys some tips on how to stay steadfast under trials and I did a quick internet search and found some. The article I found is titled Six ways to remain steadfast during trials and it is written by Dan Panetti. (CLICK HERE for article) I will post a link to the article in the show notes, but I will list Dan's six ideas here as well.Focus on what you can control—not on what you can't (Prov. 3:5–6 “Trust in the Lord with all your heart, and do not lean on your own understanding. In all your ways acknowledge him, and he will make straight your paths.”)Live in the moment—refuse to be anxious about tomorrow (Matt. 6:34 “Therefore do not be anxious about tomorrow, for tomorrow will be anxious for itself. Sufficient for the day is its own trouble.”)Look for ways to break up the monotony—tackle a home improvement project or learn to play a new card game. One of my sons proposed that I come up with a question for each family member to be researched and presented around the dinner table. It has sparked some of the best conversations we have ever had. Relax and take a walk—meditate on the ways that God has provided for you, delivered you from death, given you a purpose, and equipped you for his service (Psalm 116:7–9 “Return, O my soul, to your rest; for the Lord has dealt bountifully with you. For you have delivered my soul from death, my eyes from tears, my feet from stumbling; I will walk before the Lord in the land of the living.”)Bathe in a book of the Bible—not just read through it, but sit and soak in it! Think of Naaman going down into the Jordan again and again. Read and re-read a passage, chapter, or book—dive deep(er) into the Word!Memorize and meditate on Scripture—both of which are under appreciated spiritual disciplines. My oldest son and I are currently focusing on memorizing at least one verse from each book of the Bible.Just knowing that we grow in perseverance anytime our faith is tested might not be enough to help us find joy in our trials. However, maybe some of these ideas can help us to be steadfast in our trials. I like how the author even provided a few scripture verses to back up some of his suggestions. I have not done a lot of scripture memorizing in the past. However, I did try scripture writing for awhile and I thought it was great. If you want to give that a try, or even if you want to do the scripture memorizing and are not sure where to start, I started with an internet search of scripture writing plans. When you type that in you will get a whole list of scriptures, usually with a certain them, such as “wisdom,” “freedom,” “being bold,” all sorts of themes, whatever you might be struggling with the most. If you want to bathe in a book in the Bible, and you are not sure where to start, I have always been told a great place to start is in at the beginning of the new Testament, in the Gospel of Matthew, or the Psalms is another great place to start. I hope each of you will write these ideas down so that next time you are going through trials, they can help you remain steadfast. Wouldn't it be wonderful to be mature and not lacking in anything. If so, we need to let perseverance finish it work in us. In order to do this, we must make it through all the trials. In order to do this we must figure out a way to remain steadfast in our trials. I know it is difficult going through a difficult time and not understanding why you have to go through it. However, this verse gives us a little hope. One reason we are going through it is to test our faith. Are you going to remain steadfast? Do we want the crown of life? The choice is ours. Dear Heavenly Father, I ask you to bless all those listening to this episode today. Lord, we love you and we ask that you are with us in our times of trial. We ask that you give us the grace to find joy in our trials and that you help us to stay steadfast also. Lord, we want all you have to give us and that includes the crown of life. Help us to not drown in our difficult time. Sometimes it feels like we are drowning and we are asking that you save us before that happens. Lord, even if it is not the right time while we are going through it for us to know why it is all happening, please give us the grace to understand that if its not the reason, we will grow in perseverance while we make it through to the other side. Also, help us to feel your presence while in the trial and know that you are with us. We love you Lord, you are truly amazing. We are so very grateful for you. We ask all of this in accordance with your will and in Jesus' holy name, Amen.Thank you so much for joining me on your journey to walk boldly with Jesus. I look forward to spending time with you again tomorrow. Have a blessed day! www.findingtruenorthcoaching.comCLICK HERE TO DONATECLICK HERE to sign up for Mentoring CLICK HERE to sign up for Daily "Word from the Lord" emailsCLICK HERE to sign up for my newsletter & receive a free audio training about inviting Jesus into your daily lifeCLICK HERE to buy my book Total Trust in God's Safe Embrace
The disciples ask Jesus, “When will the end come?” We've been asking that since, and making predictions. What does Jesus say? Let's find out together as we read Mark 13:3-8 and Isaiah 19:1-17.
This gospel written by the apostle John is one of the most beloved gospels. John takes you from (quite literally) the very beginning of all things, through the prophetic fulfillment of Jesus' arrival and ministry, the life and teachings of Jesus, to the commissions he gave to His followers after the resurrection. It's through this gospel you will see Jesus, the Son of God, in a light that is unique, with profound implications for your life. Grab your Bible and get ready to join Jerry Dirmann as he walks through this gospel, and gives helpful teaching and insights along the way, helping you to understand, and to apply it in your every day life. You can also take your daily Bible reading to another level with The New Testament Daily with Jerry Dirmann—including all of the books of the New Testament. ------- Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: FREE MEDIA LIBRARY » Download or listen at https://SolidLivesMedia.com/ ABOUT SOLID LIVES » Find out more at https://www.solidlives.com/ SUPPORT » Help us get the word out at https://solidlives.com/give/ Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: FREE MEDIA LIBRARY » Download or listen at https://SolidLivesMedia.com/ ABOUT SOLID LIVES » Find out more at https://www.solidlives.com/ SUPPORT » Help us get the word out at https://solidlives.com/give/
If you can't name the problem in a relationship, you can't fix it.
We continue the Testament of Luke which relates the story of Jesus coming for humankind. Gospel of Luke available at https://amzn.to/3M6sTId Historical Jesus books available at https://amzn.to/43rnYbq ENJOY Ad-Free content, Bonus episodes, and Extra materials when joining our growing community on https://patreon.com/markvinet SUPPORT this channel by purchasing any product on Amazon using this FREE entry LINK https://amzn.to/3POlrUD (Amazon gives us credit at NO extra charge to you). Mark's video channel: https://youtube.com/c/TIMELINE_MarkVinet Website: https://markvinet.com/podcast Facebook: https://www.facebook.com/mark.vinet.9 Twitter: https://twitter.com/HistoricalJesu Instagram: https://www.instagram.com/denarynovels Mark's Books: https://amzn.to/3k8qrGM Bible Audio narration: Chapter-A-Day Audio Bible podcast with John Stange (LifeAudio Podcast Network, Salem Web Network). Audio excerpts reproduced under the Fair Use (Fair Dealings) Legal Doctrine for purposes such as criticism, comment, teaching, education, scholarship, research and news reporting.See omnystudio.com/listener for privacy information.
The disciples comment on the temple's beauty and grandeur, and Jesus says, “it won't last!” Why such a downer? Let's find out together as we read Mark 13:1-2 and 2 Chronicles 36:11-21.
This gospel written by the apostle John is one of the most beloved gospels. John takes you from (quite literally) the very beginning of all things, through the prophetic fulfillment of Jesus' arrival and ministry, the life and teachings of Jesus, to the commissions he gave to His followers after the resurrection. It's through this gospel you will see Jesus, the Son of God, in a light that is unique, with profound implications for your life. Grab your Bible and get ready to join Jerry Dirmann as he walks through this gospel, and gives helpful teaching and insights along the way, helping you to understand, and to apply it in your every day life. You can also take your daily Bible reading to another level with The New Testament Daily with Jerry Dirmann—including all of the books of the New Testament. ------- Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: FREE MEDIA LIBRARY » Download or listen at https://SolidLivesMedia.com/ ABOUT SOLID LIVES » Find out more at https://www.solidlives.com/ SUPPORT » Help us get the word out at https://solidlives.com/give/ Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: FREE MEDIA LIBRARY » Download or listen at https://SolidLivesMedia.com/ ABOUT SOLID LIVES » Find out more at https://www.solidlives.com/ SUPPORT » Help us get the word out at https://solidlives.com/give/
This one does what it says on the tin, myself and Joe from Gama Bomb mull over some of the new thrash metal releases, Coroner, Testament, Forbidden. Destruction, Dark Angel plus loads more.....it almost gets derailed by a 15 minutes of movie reviews out of the gate but we reign it back in to thrash like middle aged maniacs....nemtheanga_primordialraddude82on the gramsupport the show over at :https://patreon.com/AlanAverillPrimordial on Spotifyhttps://open.spotify.com/artist/0BZr6WHaejNA63uhZZZZek?si=yFFV8ypSSDOESUX62_0TzQsponsored by Metal Blade recordshttps://metalblade.indiemerch.com/promo code AA 2024 for 10% off your orderships worldwideFor info on my work as a booking agent go to:https://www.facebook.com/DragonProductionsOfficialor email alan@dragon-productions.comPrimordial cds/lps available fromhttps://www.metalblade.com/primordial/death metalVERMINOUS SERPENThttps://open.spotify.com/artist/54Wpl9JD0Zn4rhpBvrN2Oa?si=zOjIulHXS5y9lW1YHMhgTAdoomDREAD SOVEREIGN https://open.spotify.com/artist/60HY4pl0nbOrZA6u2QnqDN?si=sxQ5_1htR6G3WIvy1I_wXAgothAPRILMENhttps://open.spotify.com/artist/7GzLO1YJClmN5TvV4A37MJ?si=cRXSk24lQKWSqJG-B8KbWQSupport this show http://supporter.acast.com/agitators-anonymous-the-alan-averill-podcast. Hosted on Acast. See acast.com/privacy for more information.
This gospel written by the apostle John is one of the most beloved gospels. John takes you from (quite literally) the very beginning of all things, through the prophetic fulfillment of Jesus' arrival and ministry, the life and teachings of Jesus, to the commissions he gave to His followers after the resurrection. It's through this gospel you will see Jesus, the Son of God, in a light that is unique, with profound implications for your life. Grab your Bible and get ready to join Jerry Dirmann as he walks through this gospel, and gives helpful teaching and insights along the way, helping you to understand, and to apply it in your every day life. You can also take your daily Bible reading to another level with The New Testament Daily with Jerry Dirmann—including all of the books of the New Testament. ------- Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: FREE MEDIA LIBRARY » Download or listen at https://SolidLivesMedia.com/ ABOUT SOLID LIVES » Find out more at https://www.solidlives.com/ SUPPORT » Help us get the word out at https://solidlives.com/give/ Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: FREE MEDIA LIBRARY » Download or listen at https://SolidLivesMedia.com/ ABOUT SOLID LIVES » Find out more at https://www.solidlives.com/ SUPPORT » Help us get the word out at https://solidlives.com/give/
Kiera is joined by Dr. Hunter Bennett of Bonita Endodontics to dive into the ins and outs of dentistry partnerships, including hiring for passion, splitting tasks, going DSO, and more. Episode resources: Subscribe to The Dental A-Team podcast Schedule a Practice Assessment Leave us a review Transcript: The Dental A Team (00:00) Hello, Dental A Team listeners. This is Kiera and I am like beyond excited for this podcast. This is all of my worlds combining into one in such a beautiful, magical way. The guests that I have on today actually is a throwback to my Midwestern days. So I met Dr. Hunter Bennett at Midwestern when he was a pre-dentist ⁓ in the sim clinic of good old Midwestern University in Arizona. ⁓ That school is better known as the Harvard of the West and Hunter was a dental student there. And then he went on for endo residency at the University of Nebraska Medical Center in 2017. Following his residency, he returned to Arizona and practice in the mountain town of Prescott for two years. In 2019, he moved his family across the country all the way over to Florida. He is married to his beautiful wife, Lacey. They have five kids from 12 to seven months old, 12 years old to seven months old. Hunter is busy. And the reason I wanted to Hunter on is because yes, I love a good throwback to Midwestern. Like it is truly the highlight of highlights, but Hunter has gone through being an associate, being an owner, selling to a DSO. And I wanted him to come on and give perspectives of all of those, because I think so many dentists are questioning, what's my path? What's in front of me? And Hunter is kind of like, I feel like you're the buffet of dentistry. So like, which one was actually best for you? And I'm really excited for that. So Hunter, welcome. I'm so proud of who you are. I'm like, mama bear heart over here. Just so proud of you. Welcome to the show today. How are you? Hunter Bennett (01:25) this is so good. I'm so excited. I love the buffet of dentistry. That's like maybe the nicest name anybody's ever given me. I love it. It's so good. The Dental A Team (01:31) Hey, you're welcome. You're welcome. And how fun is this? As we were like prepping, told you, was like, Hunter, it's just like you and me, Sim back in Sim clinic. Like we're over there. Like you're prepping your like class ones, classes. I still remember you walking up with loops, gloves on. You knew I'd smack you with a ruler. Like not really smack guys. I was nice in that. But if those gloves did not come up at Sim, like take those off. Kiera, come on. Do I really have to? Yeah, gross. I'm training you. Do not have cross contamination. So welcome back to Sim. It's so good to see you again. Hunter Bennett (01:59) I haven't forgotten that I changed my gloves just literally all the time all the time so I appreciate it. It's how this has come full circle though truly I mean like and you haven't changed like you're still the same person just awesome and you're just always that bright personality that bright in the lab so and it's cool just to see how far you've come I'm really proud of you it's awesome. The Dental A Team (02:19) Thank you, thank you. I think it's serendipitous because the whole reason I built the company was for students like yourself. I think the love, I feel like emotions coming on and I don't wanna cry. Like I genuinely just love the Midwestern students so much. I like just so proud of you guys. I watched your journeys. mean, shoot, how long has it been since we graduated? Like I left Midwestern in shoot, like 2015, 2016 realm. Hunter Bennett (02:44) That's where I was. I think you got hired like when we got there. I think that that was your first year was my first year in the sim. And then you, I think you left with us too. So yeah, we kind of went to dental. We basically went to dental school together essentially. So yeah, you're basically a classmate. Yeah. 100%. The Dental A Team (02:47) I did. I think I did. We did and helping you guys learn x-rays. Honestly, Dr. Smith and Dr. Morrow did tell me that I care if you ever want to come to dental school, we don't even care. I didn't like confess this on like to the world. They didn't say all these words, but it basically was like, hey, we don't care what your death scores are. Like we'll accept you no matter what. I'll be that student. But then I decided I just love helping dentists. I love helping you guys. I love being that teammate to you. Like I was able to be in sim. I love seeing you succeed. I love being that support. Hunter Bennett (03:06) Yeah, they won't care. They won't care. Just get in. ⁓ The Dental A Team (03:23) that person that's there. Like when you're having those bad practicals or you need to chat shop or whatever it is. it's just real fun. And again, like mama bear proud of where you are and what you've done. and I ran into each other at the Dennis Money Summit together. And that was a throwback. You, Jeremy Mahoney, was like Midwestern crew was back together and just a fun time. Hunter Bennett (03:28) Yeah. You don't even, you don't realize how huge our little side conversations were to me. And I texted you a little bit about this, but like, we don't have to get into all of that, but like just those few conversations literally changed my life. And I'm not exaggerating. I'm not exaggerating. So we can talk about that later, but ⁓ yeah, I so appreciate you and some of your insights and watching your journey and your presentation was just so off the charts. The Dental A Team (04:03) Yeah. ⁓ Hunter Bennett (04:10) Everything about it was so good. Your stage presence, the delivery, ⁓ the message. I still can remember a lot of the stuff you said. So, ⁓ yeah, good job. It's just, I'm not surprised you are where you are. And like I said, it's been fun to watch and I'm just grateful for the opportunity to connect again. So, but yeah, you literally was life-changing for me. I'm not exaggerating. The Dental A Team (04:18) Thank you. Thank you. Well, that makes me really happy. And thank you. And we'll say that that's the dessert of the dentistry buffet here. So we'll save that conversation for our dessert. ⁓ But I think what you just said is what Dental A Team's purpose is like my purpose is life is my passion dentistry is my platform. And so I feel so blessed and lucky that dentistry brought all of us together and but able to help you have your dream life to be able to give conversations about that. Hunter Bennett (04:34) Okay. Sure. The Dental A Team (04:56) At the end of the day, if businesses aren't serving our lives, then what are we doing? And I'm really getting sticky on that. I'm really starting to hunker down on that harder because I think it's so easy to obsess about the profit, the numbers, like what route should I go? But at the end of the day, if it's not serving the bigger purpose of our life, of our family, of who we want to be, I really think it's a good time to question that and to ask to make sure the star we're headed towards is truly the North Star that we actually want to achieve. Hunter Bennett (05:01) percent. The Dental A Team (05:23) So I'm really grateful and yeah, I'm just excited for you to share with our audience of Hunter Bennett going through a associateship, residency, ownership, DSO, and then cherry on top of side conversation that we had. ⁓ and just know that all conversations, I think it's a good Testament. They're just, they're genuine. Like, I just want you guys to succeed in whatever path that looks like. And if I can be a guide in any of that rock on, that's what I'm here for. So just like I used to give you teeth. help you learn to take your gloves off. I'm here to help you make life choices and better practice decisions too. Hunter Bennett (05:58) Absolutely. You're crushing it. Well, so yeah, yeah. Pros and cons. So I think, you know, before diving into that decision, I think it's really important. Like the big part of my journey was I've just learned so much along the way that my first job was in a place where in Prescott, like that's where I wanted to like, was like, okay, this is, I'm going to be in this town until I die. Like I'm so happy here. The Dental A Team (06:00) Okay, take it away. Walk me through. Walk me through the pros cons. Let's hear about it. Hunter Bennett (06:24) And I was in an amazing practice. Like he was such a good practice. the guy that I replaced, ⁓ Nate Duesnup, he, my coming there sort of sparked his leaving because that he had been trying to get in that practice as an owner for quite a while. He'd been there seven years. so my coming sparked a lot of those conversations and they didn't really come to an agreement per se. so ⁓ Nate went and bought a practice in Florida. I, you know, I kind of found that out along the way and I showed up and then me and Nate became friends. But I knew within probably the first two months I wasn't going to stay at this practice like long, long, long term. Um, it was very clear to me that there wasn't going to be a pathway to partnership. I was a business major. I always planned on owning practice. Um, but this was a really good opportunity. I'm really, really grateful for, um, just that, that chance that I had, but I knew immediately, like I wasn't, um, I wasn't seen as a partner, you know, which is very like, wasn't, I was just an associate and I felt like I just had way more to offer. The Dental A Team (06:59) you Hunter Bennett (07:22) I was, I was probably as much of a gung ho person as, as you can be coming out of residency as far as trying to be an owner. ⁓ but I was willing to like sort of sweat my way in if that's what it took just to be where I, where I wanted to live. ⁓ so long story short, like I learned pretty quickly that wasn't going to happen. So started just taking a bunch of CE, ⁓ traveling and then became good friends with Nate. Nate's like, Hey, just come check out Florida, you know? And, ⁓ so yeah, I went out there and, and, ⁓ The Dental A Team (07:35) Mm-hmm. Hunter Bennett (07:52) If I've ever had a prayer answered as clearly as that, that was it. I mean, was, was clear as day. That's where my family was supposed to be. I actually served a mission for my church in Florida. I never planned to go back. ⁓ And that's ⁓ Tampa. So they actually, yeah, it was inside my mission, but I live in Naples and so didn't spend a ton of time in Naples, but yeah. So anyways. ⁓ The Dental A Team (08:03) No way. Same place? Yeah? I know Naples. I consulted a practice in Naples. It's a beautiful place. Yeah, it's awesome. Hunter Bennett (08:16) Yeah, yeah. It's a, it's an awesome place and, ⁓ coming here was, it was definitely not like what I envisioned, but the practice was and the partnership was, and we experienced just like when I got here, he had bought the practice and the old owner was staying on like 50 % of the time and Nate was just grinding, you know, expanded the office. He had already done a lot of the footwork to get us to seven ops and. We grew so fast, like we tried to find associates, like within my first six months, I didn't even bought in yet. We were already interviewing for associates and we couldn't find anybody that we just really wanted to send offers to. But yet we were just like in the chair all day. And I'm sure you hear this all the time. Like, I'm sure you get this all the time, Cary. It's like just grinding and grinding and then like you get done and then you're dealing with, you know, assistance and days off and they want to raise and, and just drama. The Dental A Team (09:01) Mm-hmm. Mm-hmm. Hunter Bennett (09:12) Taxes, know workers comp I mean you name it like all the things that come after work that are so stressful and Having a young family and and then just like like responsibilities outside of work like, know for us like there's a lot of stuff going on at church ⁓ At home. I was coaching my kids. So again, I think a lot of people that are listening can relate to this lifestyle and I think The Dental A Team (09:14) Yeah. Hunter Bennett (09:36) I as as I prepped for this conversation, we had a couple options. One option was to bring in a consultant, which we had thought about, and we already because we both came from the same practice in Arizona that had used a consultant, we felt like we sorta. We already knew how to be efficient. We already had a ton of systems in place. I think we struggled a little bit culturally. And I think frankly, this isn't a. You didn't put me up to this, but like had we hired someone like you like honestly, we may not have gone to DSO route. Frankly, like. The Dental A Team (09:50) Yeah. Sure. Hunter Bennett (10:05) Cause all the things we were struggling with, think could have been dealt with in a different way. But we saw the DSO route as, as an option, you know, um, and there's, mean, we went back and forth and like, that's all we would talk about. We'd get done and then we talked about it for like an hour and then we'd go in cycles and circles. And this is the pro, this is the con. And ultimately we landed on, you know, um, this is just a really good way to sort of bring some balance in our lives. And I'll be honest with you. I, I hated, hated. The Dental A Team (10:10) Mm-hmm. Hunter Bennett (10:35) hated like the first six months, the transition period for us was particularly hard. We have a very unique practice. But I'm in almost four years now, and I will say like, I feel like it all happened for a reason. And it's really allowed me a ton of flexibility in my life, and my lifestyle has improved a ton. So kind of what you described as sort of your purpose and letting people The Dental A Team (10:40) Mm-hmm. Hunter Bennett (11:03) kind of see like what is your North Star? Like what is your real purpose? ⁓ I don't think that would have been, I don't think I would have been able to discover that had I continued on the path that I was on, honestly. So a DSO I think is good. First of all, when you talk about like a DSO, it's like a swear word, right? Because there's so many types of DSOs and there are some bad players out there for sure. And so like deservedly so, there's a lot of companies that should have a bad name, but there's also some really good ones. The Dental A Team (11:14) Mm-hmm. Mm-hmm. Hunter Bennett (11:33) And that was one thing, like we interviewed around and we met with a lot of different groups and talked to people from different groups. And I think there's a lot of good groups out there, but I'm actually quite happy with our group overall. And it's been four years and I will say like a lot of the turmoil I felt in that first six months was just the change, know, the change in trajectory, like giving up. I still run my practice. The thing is like, no one knows that I'm in a DSO. Like people know like my referring doctors now, but like they don't care. The Dental A Team (11:44) Mm-hmm. Yeah. Hunter Bennett (11:59) Because nothing changes like nothing I run the way I want to run it and that's very unique to my group. I would say we hire we fire we make days off like we do pretty much anything we want we bought you know, we can get equipment so I Feel like my day-to-day really hasn't changed and I know that's not true for every DSO I think DSOs can be compared to like like restaurants for example. It's like ⁓ don't go out to eat because it's not healthy It's like well, I mean generally speaking probably true, but there are some healthy options out there The Dental A Team (12:00) Right. Mm-hmm. Totally. Right. Hunter Bennett (12:29) And ⁓ that's kind of how I see DSOs is like I do think there are some healthy options out there and it totally depends on personality. So. ⁓ I will say like the pros for me so far and you can ask me like maybe some more specifics, but yeah, yeah, so I'm so. Yeah, like that's that's just the general story, but I will say like you know this far in like that's kind of the general gist of my experience and if I could do it all over again, I I probably would. ⁓ The Dental A Team (12:37) Mm-hmm. I'm going to ask some questions. I'm like plunging behind. I've got a decent amount. I'm excited for it. Hunter Bennett (13:00) I say though, like I am very curious to see what it would have been like to have hired, you know, like to bring you in and just say like, all right, come in here. And a couple of my assistants were like, don't bring the consultant, don't hire a consultant. And I don't think that really influenced me as much as I felt like, honestly, I just felt like I didn't need one, but looking back now, I think that definitely would have been a really good option. So I think you either go the DSO route or you bring someone in. But again, I talked to dentists, I work with a bunch of different dentists. I talked to a bunch of guys all the time, every day. The Dental A Team (13:08) Mm-hmm. Yeah. Sure. Hunter Bennett (13:30) And they haven't had such good experiences with consultants either. So I'm sure you'd get the same thing, you know, but. The Dental A Team (13:33) I do. That's one of my first questions when I walk into an office. Tell me what you think about consultants and it's a rip. And I want them to, because why not? Like let's get it on the table. And I think, I think the difference with us consulting versus others, because consultants are going to be there's good and bad, just like there are of DSOs, just like there are of marketing, which is like there is a people. I think the difference is one, Hunter Bennett (13:39) Yeah, yeah, totally. The Dental A Team (13:58) I come a team member first. So like my job is to help dentists and I'm a business owner and a multimillion dollar business owner second. And so when you combine those two perspectives together, I very much understand the business side of it. And it's not just theories and ideas. It's true, like hard knocks, ⁓ hundreds and thousands of offices and team members of what are the processes. But second, like I don't hire MBA students. I don't hire people that are just like, you know, they, want to be a consultant. hire people that have a passion for it. They've been in the front and the back office. So I think teams, that's why I actually named it Dental A Team. want it to be dentists and teams because so many consulting companies either focus on the dentist or they focus on the team, but not both. I'm like, but you have to get both on the same page. And teams are freaked out by consultants. Consultants come in and fire. Consultants are stressful. Consultants are rigid. They make you do it this way. And my thoughts are no one, it's you with your vision. Hunter Bennett (14:42) Mm-hmm. The Dental A Team (14:55) it's what do the numbers tell us and the profitability and three based on those two pieces, what are the systems that we need to improve based on like the problems in the practice too. And when you go about it that way and my job is to make life easier, not harder. I think when you go about it that way, teams are not as scared. And that's also why we built the podcast. So teams could hear us. They could learn like, what do we talk about? Because I think a lot of it's just the unknown. And so I, that's going to be like my two cents for a consultant, but I'm going to like back up for you Hunter on, have questions for you. Hunter Bennett (15:24) Yeah. The Dental A Team (15:25) I have question marks all the way around. One, think actually excellent point on the associateship and doctors listening, Hunter, you said you were a very equipped, very eager associate. You have a degree in business. I mean, you've got like the little gold star around you, a prime, ⁓ an associate prime for partnership that I think so many doctors are afraid and they don't know how to build partners in that they actually miss a lot of golden opportunities. And so I like that was one of the nuggets I picked up from your story of like, I don't know who the doctor was and I'm not here to judge. They have their own story, their own reasons. But I think when doctors have great associates like yourself, you're destined to like, I know you're going to own a practice. When you come in with that type of acumen behind you, you're going to own a business. So either I can be smart and snag you and partner in with you and have you help me build and create it. Or I can let you go and you're either going to become my competitor or you're going to go somewhere else. And so there's no right or wrong. but I think so many owner doctors, do see this. They're afraid bringing on a partner, you do like take home less pay. Like with air quotes, you get paid upfront, but you're like day in, day out is less. ⁓ But I really wanted to highlight that because I think like, well, it all worked out perfectly for you, Hunter. I think doctors listening to this could definitely learn from that. And it's okay if you don't want a partner. Some people are adamant of no partners. They don't want to give any of that up. They don't want to give away the control. That's okay. Don't hire someone like Hunter. Or be okay that he's gonna probably leave you in about one to two years. And like any thoughts around that? They do. Hunter Bennett (16:50) Yeah. I think everybody goes through that. Yeah. No, a hundred. Like I have a ton of thoughts about that because it's, it's, I do, because I mean, I hear it all the time, like every week where Dennis is like, well, I'm just going to plug in an associate and then I'll just take some time off. it's like, that's not really how it works because you have to decide in like Jeremy Mooney, for example, like I talked to Jeremy all the time. He's one of my best friends and you sort of, I know it, I feel like every time I talk to him, The Dental A Team (16:57) Talents. Hunter Bennett (17:19) And he wouldn't mind me saying this, like just inevitably what happens is when someone doesn't buy in all the way or they just treat it like a job, like they come and go, you know, and that's, that's the price you pay. And so as a specialist, like we have to maintain relationships and referring offices. if associates are coming and going, that is such a, it's it's a rough look. And then for a dental practice, it's the same thing where patients, know, patients come to me they're like, I went to this practice and I saw the third doctor in my third visit, you know, and it's, they don't like that turnover. And so what you make in money you pay for in stress and headache, I think on an associate, like when you're making money on your associate, not to mention all the headaches that come with training, reviews, stuff like that. ⁓ And so, yeah, I think ⁓ I totally see both sides of it. And the doctor that Nate and I both work for, he's got like four associates now and he's crushing it. So like, good for him. know, like that's, he's doing really, really well. The Dental A Team (18:14) Mm-hmm. Hunter Bennett (18:16) ⁓ Me and eight are like best friends and we have this relationship that like will be friends for life like he's like he doesn't have any brothers like I'm like his brother he's like my third brother, you know, it's just We just have this amazing relationship that I wouldn't trade for anything, you know, and not all partnerships are that way I think we've been super super blessed and super lucky that way but when both partners are both givers and you both want to just work hard and you have their back no matter what like you can find that man like The Dental A Team (18:21) Mm-hmm. Agreed. Hunter Bennett (18:44) whatever money you give up by being a partner, you'll get back in like that, just sitting down at the end of the day and having someone to talk to that you're equal in business plan with, to take risks with, to, you know, even just to have like that comfort of talking to someone, you know, like you you get done with a tough day and just having that person there is, is priceless. I don't think you can put a price tag on that. So I wouldn't give up my partnership with Nate for anything, you know, and, and, The Dental A Team (19:00) Yeah. Hunter Bennett (19:09) Yeah, and and I think that's quite unique like in our DSO like no one really knows like we have like 400 partners I think now and Like when they think of Nate they think a Hunter or when they think a Hunter they think about Nate like we're just known like you usually don't see one without the other so to the doctors out there that own if you can find someone like that or someone even remotely close like man and someone that's gonna stay long-term like you eliminate so much stress and so many headaches by being open to having a partner and then if you have associates that might come and go The Dental A Team (19:20) Awesome. Hunter Bennett (19:38) And you want, you have the space and the availability and you want to do that, that's an option. But if you feel like you're drowning and you can find someone that's a really good business partner, I definitely see the value. Cause Nate and I, spent the better part of two years looking for associates to work for us. And again, it's that whole thing of like, well, man, I don't think they're going to be, I don't think they're going to have the personality that we need. But you know, then you hire, then you interview the really good ones. You're like, well, they're going to want to be a partner so we can't hire them. So you're just always playing that game of like. There is no perfect answer. You know, you don't, you don't have like a unicorn associate that's just, and maybe there are a few where they just are just a total 10 out of 10, but then they just don't want to own. just want to show up. So it's pretty rare. They will. Yeah. The Dental A Team (20:17) Totally. And some will. It is. But okay, that actually led me to my next point I wanted to dig into because partnerships, some are magical like you guys have and others sink ships. So I want to hear how did you get into the partnership? Like what, what does that look like? How much did you both bring? Like as much as you want to get into the nitty gritty with me, because I think partnerships are so challenging to do well and to hear that you and Nate have a great thing. So I'm almost like, okay, Hunter Bennett (20:24) Yeah. Yeah, totally. Yeah. The Dental A Team (20:46) There were some tips about associateships and bring us and I agree like, welcome down, like have these people with you. They're going to grow your business. I could not do a Dental A Team does without incredible consultants. And while none of them are partners per se, a lot of them, I've given them opportunities to do different pieces, tip from the get-go. We talked about, offered her to be a partner. She's like, heck no, I want nothing to do with that, but give me my time and give me my life with my child and girl I'm with you forever. So get read, there are different things, but I mean, Did I give up money when I first brought in all these other consultants to help out? The answer is yes. But I look at it now and it actually like makes me so giddy to see there are so many practices we're impacting that me as a solo person could not serve at that level. So that's, think the beauty of like, yes, there's a dip, but there's also growth in and serving that you can do at a higher level. So with that said on associates, now we're moving into partnerships. Walk me through Hunter. I want to know the like ins, outs, good, bad, like partnerships. I'm sure you guys have had. some knockout drag outs. I'm sure you guys have had highs and lows in partnerships. I'm sure you like, but I'm curious, like, how did you guys structure it to make it great for both of you? And then I'm to go into DSO. So I want to know partnership though, because like, it's my buffet. I'm choosing an associate now buying and being partners in DSO. Hunter Bennett (21:57) Yeah. Yeah, yeah, for sure. think the key was ⁓ for me and Nate, like we're both givers. And so, you know, we never have fought over money. you know, there's just never, we've just been lucky to not have that. We're very similar because we kind of cut our teeth in the same practice. We had the same philosophy too. Like just we're very, very efficient. both work super, super hard. The Dental A Team (22:25) Mm-hmm. Hunter Bennett (22:26) So we're both hard drivers that way. We're both very perfectionistic Like we we both do the same type of root canals like we we kind of have the same treatment philosophy, you know, ⁓ And granted he's seven years older than me So like Nate you I have to give him a ton of credit because he's just been super helpful clinically and like I felt like after years like I was actually I wasn't at my prime prime for sure But like I was I was I was cooking I was doing pretty good and he helped bring me up to where I am The Dental A Team (22:50) Mm-hmm. Hunter Bennett (22:53) Now, you know, I've been here like seven years now, but like that first year, like he still just helped me, you know, deal with some of the tougher cases. Naples is just a place that tough cases. But the thing that, thing, yeah, it's old people, retired, calcified, whatever stuff from Europe. That's like totally, totally crazy. But ⁓ he was just so patient. And so just, man, he was just so happy to have me here. Cause he was like, he was burning out. Like he was so tired. And so he was just grateful I was here. He always told me that. The Dental A Team (23:01) Right? is. It's a good place for business. Hunter Bennett (23:20) The way we structured it. I worked for him for a year and I was supposed to buy in after the first year, but COVID had hit. so banks weren't like, they were like, hold on, chill out. Like it was literally like March I was supposed to buy in. And so like, you know, we were like, me and him were like alternating days and like, you know, like sharing N95s cause that's all we had. And I mean, that's a whole nother thing. So that delayed the buy-in like six months. And during that time, like, yeah. Yeah. The Dental A Team (23:27) ⁓ huh. Yeah. And hold on, before you go to that, when you moved out there, was it part of your contract and agreement that you were going to buy in in a year? Was it 50-50? Were those things like in place? Were those like in your contract? Okay. Hunter Bennett (23:51) Yeah, one year. Yeah, yeah, it was all agreed to. And you know, I actually don't know if it was in, so the thing was like, when I was in Prescott, I went to the same church that Nate had gone to, like I went to the same congregation. So everybody that knew him just absolutely loved him. Like he was like the cream of the crop. Everybody was just like, you know, like I felt like I was partnering with like, you know, just this. The Dental A Team (24:10) Mm. Hunter Bennett (24:18) Completely amazing person which he is so I had no doubts. Yeah, it's like the Michael Jordan like not even I don't even know like analogy would be like Muhammad Gandhi like he was like just such this Just a good dude, you know and so I didn't have a lot of reservations as far as our agreements go and then just again, maybe not the smartest thing but like I don't know it may have been in the writing but I don't really remember and I wasn't that worried about it because I guess naively I trusted him and just felt like it would work out but this was all verbally agreed to The Dental A Team (24:18) Michael Jordan of dentists. Wow. Because I do know for some people like some people have it's the verbal agreement. I'm sure Hunter Bennett (24:47) I would, mean, he would have been willing to, he would have been willing to, and maybe it was, like it might have been in our first contract. I had David Cohen write it up, I had to go back and look, but he did our partnership agreement too. He's awesome for anybody that needs an attorney, but yeah, I've sent him a ton of people. But that was the thing, like we had all that agreed to, then the other conversation that I know a lot of people don't have, and a lot of people hold resentment about is how you're gonna The Dental A Team (25:00) We do love David Cohen. We refer to him quite a lot. Hunter Bennett (25:17) split profits. And so we decided early on, it's like, eat what you kill. Like if you do, so the way I did it, I, we, sort of calculated a rough guesstimation of what our overhead was. And then we gave ourselves like, we would do, okay, you get this percentage. We each get this percentage of our production. And then let's say it was like 45, 55, then we split the profits that same way. Whatever's leftover, we're going to split by that same amount. And frankly, like, I don't think we were ever correct. The Dental A Team (25:18) Totally. Mm-hmm. by the amount that you produced? Is that correct? So, okay. Hunter Bennett (25:45) collected. we're fever like our collection is same as product like we're yeah, so it's the same number but Yeah The Dental A Team (25:50) Right. So sorry, let me back this up. So you guys go produce and let's just use numbers. Usually in GP, it's 30 % of what you produce. Usually in specialty, you're like 40, 45 % of what you produce. Like let's just use some like loose numbers, hypothetical. Hunter Bennett (26:03) Sure. The Dental A Team (26:04) Nate, you produce, you're welcome. We've got this. So let's just say you produce 100 grand in a month. Nate produces 100 grand in a month. Let's say you guys are both taking 30 % your specialist. So giggle at me because I know you're not 30%. You both would be taking 30 grand of that leaving. We've got 70 from each of you, but we have overhead in that as well. So we've got to take our overhead out of there. So we've got 70, 70 hypothetical we're going to take. Let's just do let's leave at the end there's 60,000. Hunter Bennett (26:21) Yep. Yep. Yep. Yep. Say 50. The Dental A Team (26:33) 60,000 of profit Hunter Bennett (26:34) Yeah. The Dental A Team (26:34) at the end of it after you guys have produced 200,000, collected 200,000, you both have been paid your 30,000 each. Of that 60,000, how was that split? Was that a 50-50 split or was it based on like, let's say you produced 100 grand, but Nate produced 200 grand. Did the 60,000 at the end get split based on production amounts or was that like, how was the profit split? Hunter Bennett (26:54) Correct. Yeah, so we would just split the profit exactly like you described in the latter example where it's based on what you produced that month or collected that month, then we would split the profits that month. And I just had a spreadsheet, I did all the math. And so we would just work it out between the two of us. And we never had an issue. I would just plug it and just plug and chug and it was never an issue. And truly like... The Dental A Team (27:09) Nice. Hunter Bennett (27:19) We were never more than like 52 48, you know, that might've been like, ⁓ you know, I don't remember a month ever being off by more than 2 % or 4%. So it really wasn't a big battle. And one thing too, that I told Nate going into this, and this was for me, I had to just like, was president of like my business school, like my junior year president of the whole business school, like the vice president of all business school, my senior year, like The Dental A Team (27:23) Thank you. interesting. Hunter Bennett (27:45) I was used to being leadership positions. I was used to sort of being in charge. But I knew coming here, he was there first. And I told him, was like, I know you're going to be the alpha. All the referrals know you. I'm just going to have to take that backseat role. And I think me just acknowledging that and accepting that was so important because I had no ego. I didn't have to prove that there was no competition between me and Nate. We were 100 % on the same team. The Dental A Team (27:56) Mm-hmm. Mm-hmm. Hunter Bennett (28:12) ⁓ Again, and maybe that's unique to a specialty practice because you're kind of working together maybe more than you would in a GP office. I don't know. ⁓ Or maybe you're competing for patients a little more. I'm not sure. I've never worked in a GP office. But the dynamics for us is like, we're just, there's like all the referrals. It doesn't matter which doctor you want. Like you're getting your next available doctor unless there's a few exceptions. So we were very good about having no egos. And that was really important to our partnership too. But financially it was quite easy for us and convenient just because our numbers were pretty similar. Or if he took a couple weeks off, then obviously he'll still get his collections from that month, but then I would get a little bit bigger chunk of the profit. But then when I took my time off the next month, they would just work itself out. so, ⁓ and he was always, like I said, he was always at the end of the year, Nate always produces just a little more than me. And I was just okay with it. You know, I was like, whatever, hang on. The Dental A Team (28:46) Mm-hmm. Sure. Sure. Hunter Bennett (29:06) And this I think is the desert that we can talk about later because how do we The Dental A Team (29:07) Fascinating. Yeah. Hunter Bennett (29:10) measure success? How do we measure fulfillment? And when we tie it to profits and numbers and income, it's just not super healthy. And I've had to learn that. Like that's probably been one of my biggest paradigm shifts over the last year, year and a half and sparked by your presentation and the conversations that we had. So. The Dental A Team (29:27) Well, that's fascinating to me and thank you. That's a huge compliment. ⁓ I'm fascinated by that partnership split and the fact that you both were eat what you kill. I actually love that because then you got two very motivated partners. Also, you don't accidentally get one partner who's not pulling their weight. I know a lot of times ⁓ and I think the difference that I sometimes see in GP versus specialty is sometimes I have a super producer in GP. So one who's doing hybrid and implants and all these different cases. And then I've got another doctor who's doing bread and butter. Well, obviously the super producer is going to produce more, but you need the bread and butter dentist to be taking care of all those profie patients and all the day in day out. So you can super produce. So those ones, often will see that it's more going to be a 50 50 split, but I do oftentimes see the super producer gets a little annoyed because they're like, if they're not both givers. ⁓ I've seen this wax hard on partnerships just in the fact of you look at the numbers and what are you putting up on the board? But I think those partners really have to look at this. It's the ultimate whole. And if the ultimate whole of the business is doing well, both parties are winning. And they have to just see that they bring different strengths to the table, just like in a marriage. And we're not looking at dollars on the board. We're looking at collective as a practice. But that is one where I do watch. And so I do think in specialty, that might be something I had not thought of. but I love to hear how you guys broke it down, how you picked it apart. And also the fact that there was no ego on taking a patient. Cause I do sometimes see that in partnerships where, if I'm going to get what I kill, I want more of these patients. I want to take them on because that's going to impact my production. But at the end of the day, you guys are still doing well on the profit side. So fascinating to me to hear how it was set up, how you guys got into it, how the buy-in was, ⁓ and then moving forward. And I'm guessing Hunter, I don't know Nate. Hunter Bennett (31:01) Yeah. The Dental A Team (31:18) But I'm excited. I mean, I have a quote over here by Gandhi. So when you said that I was like, well, perfect. ⁓ But my hunch is typically in a partnership, I see someone who's like yourself, who's really big into business, like they know the numbers, they have the business acumen. And usually the other partner tends to be more of the people side or this is like, you usually have a separation. So I again, I don't know Nate, but my guess would be not to say that you're not great with team members to but I'm guessing you're very business savvy, you're very system savvy, and he's gonna be more people savvy and relationship savvy. Again, I don't know, maybe both of you had that, but I'm curious, did you see that dynamic in your partnership that maybe blended you guys really well coming together? Hunter Bennett (31:54) Yeah, no, that's a really good point and we do compliment it. You're pretty much spot on. would say Nate definitely like is a lot more of a calming, know, I'm kind of like people tell me I'm just fiery, you know, like we've had different. The Dental A Team (32:07) You I do remember you walking up. You wouldn't even shut your light off on me. Like you were busy. You were down to business. Like, here, I need these things in the most respectful way. ⁓ Hunter Bennett (32:14) Yeah, I'm Pretty pretty focused. Yeah, pretty focused I would say and so I would say there is that little bit of balance But Nate's not a dummy like he was harvard number two in his class at harvard like he's super smart and so He would always lean into me for the business stuff just because I had a degree and I could speak the language and accounting and depreciation and all you know, like that stuff I think sort of intimidated him more than it needed to because once you explain it, know, you know But because he hadn't trained that way like he would sort of lean into me and that stuff The Dental A Team (32:33) or. Right. Hunter Bennett (32:43) But even having someone to talk about because he'd already dealt with the accountant. He already dealt with workers comp. So I'd be like, hey, how does this work? Cause I'd never done it. So he'd explain it to me. And then as a team, we would work it out. You know, as a team, we would make big decisions. So yeah, I mean, you'll both bring different things to the table. And it's actually good that you can be different. I had another opportunity to partner somewhere else before Nate. I was way too much like that guy. I was like. The Dental A Team (32:49) Thank Yes. Hunter Bennett (33:10) This isn't gonna work. I knew right away like I said, you know I went and visited the practice did the whole thing sent like a follow-up email and I think we both knew it's just like yes, isn't gonna work and The negotiations didn't go very far and it was fun. It was like we're still friends and we keep in touch So I think it's important to like you think ⁓ we're so alike man That's not always like the best thing. And so our differences are actually probably what what bring us together and make us strong ⁓ The Dental A Team (33:19) Mm-hmm. Yeah. No. Hunter Bennett (33:37) Yeah. And so that's, that's like a, that's a super fair point about that. And again, a lot of it's just been serendipitous. Like that just happened to fall into place. It just, it's just worked out that way, but it's, it's like a marriage. That's the perfect thing. It's like, it's like a marriage without all the benefits per se. Like you just, you're just like, you're just, you just get the hard part of them. Yeah. You just get the hard, you get the hard part of the marriage where you have tough conversations, but again, you just take them head on. And when you have no ego and, or a limited ego, and when you just want your partner to succeed, like The Dental A Team (33:38) Yeah. You get the profits benefit. Hunter Bennett (34:08) You can't really fail in my opinion. ⁓ even when it came to like negotiate, like I had six months of partnership income that I was missing out on, but then there's the COVID thing. And, at the end of the day, said, Nate, like what number, like what, what, what do want me to do the whole valuation? I didn't really care. I was willing to pay whatever I didn't. To me, the relationship was way more important than any number. And so we just came to a number that we both felt good about based on the valuation, but I was flexible and frankly, I didn't care because it was so important to me. And, ⁓ The Dental A Team (34:09) That's awesome. Yeah. Hunter Bennett (34:37) And we came to what we thought both was fair and it's been, it's been a dream. you know, and those, we're like best friends and those conversations can still be a little awkward and a little hard, but they don't have to be. And they, they were always fine. You know, um, if there's a book I could recommend, talk about it all the time. It's Crucial Conversations. Um, one of my favorite books of all time. think everybody should read it before you get married. You should read it like in college. Like I think it should be required reading before you graduate college. The Dental A Team (34:50) Right. Hunter Bennett (35:04) But that's one book that's just helped me a ton. As a leader, business owner, as a partner, ⁓ husband, it's just helped me a ton. The Dental A Team (35:05) Definitely agree. I love that. I also love that you guys just, I think when you said like it just works and it was serendipitous, I think that's something to look for in a partnership. I think if anybody's looking at partners, if it's hard and it's just not flowing, don't force it to work. ⁓ The best partnerships I really do see where they kind of fall into place this way, they're aligned, you hire people that are complimentary to you, not just like you, because you do need the two halves to a whole. Hunter Bennett (35:29) Hmm. The Dental A Team (35:39) to make it really great. And then I think you guys have done a good job of keeping egos in check. think you guys, what you said Hunter, that I hope all partners listening to this or potential partners, you want your partner to succeed and that's your ultimate goal and that's what you're driving for. when Jason and I learned that in our marriage, where like my greatest success is Jason's success, it went from a like, what are you giving for me? And what am I getting out of this relationship to a like, I want Jason to give me five stars because he's a raving fan because like I am, I'm doing all that I possibly can to make sure he's succeeding and his life is incredible. And when both partners are in that, it goes away from you and it goes to them and to make sure that they're succeeding. And I really do see that that works great in marriages, partnerships. So I'm obsessed with that. Kudos to you guys on that. I love that also Hunter, I hope people buying in. the partnership and having that, I say the way you start a partnership is how you're going to end the partnership. I love Hunter that you came in as the quote unquote junior partner, but you, leveled yourself up to be an equal partner to him. And I'm really proud of you because I think a lot of associates are stay very timid. They say very junior. They act like they don't know anything rather than being like an equal partner. And I'm like, no, no, no, if you're going to be a partner in this, you need to be a partner and bring your weight. So kudos to you on that. Hunter Bennett (36:49) Yeah. Totally. The Dental A Team (36:57) And then I also just really love that you guys have just had multiple conversations that you just have blended it so beautifully and that you said you were willing to pay whatever he wanted. Like, of course, you're going to be fair. You knew the numbers, but the partnership and the success was more important to you. And I think when you go into it and that's how you start your partnership, I can tell why you guys are actually really great partners. So great job and thanks for highlighting that. And now I want to know about selling to a DSO because I do agree. ⁓ Having a consultant. oftentimes makes it where you don't have to sell to a DSO. And we do that sometimes. Sometimes I'll grow the practices for you and it's like, well, why would you sell to a DSO when they're just gonna come in and grow your business anyway? Like, let's do this on your own. I had a doctor who we were chatting and he's like, yeah, Kiera, they're gonna give me five mil for it. And I said, cool. Next year, you're probably gonna do five million on your own or within two years. So you can pay them out and they're just gonna do what you were already going to do. And agreed, a lot of that stress comes. Hunter Bennett (37:36) Yeah. Yeah. The Dental A Team (37:55) from that, but Hunter, you said something in the very beginning that struck me when you said you sold to the DSO. You said your life has exponentially gotten better. Your work life balance has gotten better since selling to the DSO, but you also said that you're doing pretty much all the same things you were doing as a business owner. So I'm super curious. How did your life get better while you're still doing, like you were like, I'm still hiring, I'm still firing. And I was like, so what was the perk of selling to a DSO and helped me understand how your life got better? Hunter Bennett (38:19) Yeah. The Dental A Team (38:23) And then I also want to know about your cell deal too, if you're open to that. Hunter Bennett (38:27) Yeah, for sure. don't, um, I probably should have illustrated the point that it's not like we didn't just get overwhelmed and all of sudden decide, okay, we're not, we're just going to throw up our hands and sell. Like we had hired a different office manager who was like, went through like Gary Katas's training. Like, like she was phenomenal. She was amazing. In fact, like she was a lot like you in a lot of ways, just really great personality, new dentistry. And I thought she was going to change our lives, you know, and she is awesome. Like she's an amazing person. But it didn't end up working out. She left the practice that was being transitioned to a new doctor. So she came with us for a few weeks and it was going okay. And then they had a big crisis back there and she's like, is it okay if I just go back and help for like a week? And we're like, yeah, do what you need to do, you know? And then that doctor offered her equity in his practice. And so she ended up staying there, whatever. Yeah, whatever, it is what it is. And so my point is, like, I feel like we tried a different office manager. We tried restructuring and we tried. The Dental A Team (39:15) I mean, good deal. Hunter Bennett (39:25) The only thing we didn't hire a consultant, we definitely talked about it, but we didn't, I think in some ways I was probably just a weak leader in that way where I was maybe a little bit too proud to just get the help that we probably needed and instead just went a different route, you know? And so hindsight's always 20-20, but that just to create a little bit of the background to the story though. So it's not like we just, you know, all of sudden decided, you know, we're gonna, The Dental A Team (39:47) Of course. Hunter Bennett (39:55) just sell. So we had done all this other footwork. Sorry, what did you want to know about like the structure of the deal or what? Yeah. Okay. So when we, so when we, you know, after having done all this, we kind of, we had interviewed all these doctors, we had one kind of in the holster, maybe you can associate and we were just like, we were interviewing people, but we was just so, we were just tired. It's just like when you're doing root canal, it's like from like seven to five and you don't even have time to use like the bathroom. The Dental A Team (40:03) I do, I do want to know structure of the deal. Yeah, tell me it. Yeah. Hunter Bennett (40:25) get a drink of water. It's just, we just burned ourselves out because we were chasing something and I don't even think we, we just wanted to change growth. Like we just wanted to, we just wanted to grow. We just always said all the time, were just grow, grow, grow, grow, grow, grow. And so we just kept the pedal to the metal. Excuse me. And I would say we just sort of outgrew ourselves and not that the wheels ever fell off, but like the culture in our practice was okay. Like we had good people, but we did have some of the wrong people on the bus. ⁓ The Dental A Team (40:27) Yep. Hunter Bennett (40:52) And so when we started talking to DSOs, they saw our numbers, they saw our trajectory and we knew we had a lot of leverage. It was 2021. So the market was just red hot. We got a really good evaluation. We got a really good multiple. they were, you know, and so, you know, I actually talked to Matt Molcock, you know, he's my advisor and, ⁓ and just, I talked to my mentors, Dr. Jones, like, you know, ⁓ just people that I really respect. He's the man he had started nine, nine different endo or worked in or started nine different practices and The Dental A Team (40:59) I see. That is hot. Mm-hmm. Aw, Dr. John. Hunter Bennett (41:19) And his advice to me was like, you know, like I would do it if I were you. And so a lot of people would just had kind of encouraged me. And so at that point, me and Nate said, you know, we, and we got opinions both ways. And at the end of the day, our conclusion was it doesn't matter. Like, if I'm being honest, like that was kind of our answer to a kind of a joint prayer was like, it's not going to matter. Like it just, doesn't matter which way you go with this. ⁓ for the things that are truly important, it's not going to matter what you do. The Dental A Team (41:35) Agreed. Hunter Bennett (41:46) And so we, we, we decided to do the deal and I will say, like I said, the first six months were rough, but to the credit of my, company, like the group that I'm with, like our team and the people that we work with, they're phenomenal. Like I've never like had a, they, they just always bend over backward to accommodate us and help us. And we've done our part. We've grown like crazy, you know, are there times where I'm like, man, we could have done this on our own and, ⁓ our The Dental A Team (42:06) Mm-hmm. Hunter Bennett (42:12) whatever, you know, and you look at your paycheck now because now I'm paid on a percentage and I have equity in the company. And so you're just waiting on a recap. And that's a whole, again, talking about, we can get into this too is DSOs have so many different types of structures. Ours is not like a joint venture. So we don't, we don't profit share in ours. It's all in our equity. so equity events are like super important for us. and so Scotty Hudson Smith is our CEO and he's the one that did smile docs. they, he's done it three times. The Dental A Team (42:21) Yep. They are. Mm-hmm. Mm-hmm. Hunter Bennett (42:41) He came to our dinner like the night that they were recruiting us and he wasn't officially the CEO yet But like he was sliding in that role. It just hadn't been announced I think it was like the next week or something, but he came and he just sort of created the vision for us and we just honestly we a little bit of a feeling and sort of that answer like it's not gonna matter and Now looking back Are there days that are where I have resented like seeing what I produce versus what I take home sometimes? But I've got to remember they give you five or six years of your profitability upfront. And I've been able to put all that to work, you know, for the most part, I've done pretty well with that. Like not like home run, like you, you know, it's not like crazy stuff, but it's fine. I'm diversified now. Um, it's not all in my practice, but I do have a bit still in equity quite a bit. we did a 70 30 split. did 70 % cash, 30 % equity in the group. Um, and I just, The Dental A Team (43:09) Sure. Sure. Right. Nice. Hunter Bennett (43:36) Some groups will give you flexibility, some won't. That's just the number that we wanted and they agreed to. And looking back, I'm still glad I did it that way. I actually had an opportunity to buy more equity about a year in, which I did. And so I bought more. And so that allowed me to just be a little bit more leveraged into the company. on a bigger scale, like me and Nate work real hard for each other, but now you just got all these partners that are counting on you. And I think the mojo and the culture in our group is quite good. So. The Dental A Team (44:04) Yeah, that's it. That's actually really, really good to know because I think so many people wonder about DSOs. And so what did the DSO take off of you guys? Because I know there's some people that get scared of the equity. Like they get scared of equity because some DSOs have actually gone under. And so I actually love to hear that you were a 70-30 split, then you were able to buy in more if you wanted to, because if it goes under, that is your retirement. And so I love that you were able to put money into work so your retirement's not solely like Hunter Bennett (44:12) Yeah, that's what you asked. ⁓ Yeah. The Dental A Team (44:31) vested into this company. I really am big on that when DSOs do purchase, but what did they take off your guys's plates going in as a DSO? Hunter Bennett (44:31) Totally. Yeah, sorry, that's what you asked me and I kind of got off track there, but... The Dental A Team (44:40) That's okay. I wanted the deal. I wanted the deal. I actually wanted to know that a lot. Hunter Bennett (44:44) So we skipped to the deal, but going back, like the thing that they've helped with the most, would say is like, just as an example, like, like, ⁓ there's like this employment tax, you know, that we'd always get these letters about every year with Florida and we'd call them and then I spent an hour on the phone, finally getting to someone. And then I had already canceled it, but then they automatically renewed it for it. And so it's just like, that's like one example, work, workman's comp. ⁓ even just like we had an office book for like policy. And again, this might speak more to maybe my lack of strong leadership where when a team member says, well, I understand that's the policy, but this is what I have going on. And then when you bend the rules for one person, then it sort of just creates this culture of favoritism. And again, that was probably partly being a new owner and then a people pleaser. and something I've worked on a lot. And again, I'm not the same leader I was even five years ago, you know, four years ago when we sold, but, ⁓ having seen that now they, because there are just The Dental A Team (45:34) Totally. Hunter Bennett (45:40) company policies in place. And again, it might be a little maybe feel corporate, but now you sort of see the reason why things are corporate because otherwise people, if you run it like a small business and you do those little things here or there, all it does is create resentment within your team. And so ⁓ I will say just having a really, we've gone through like, man, we hired like two or three different office managers through the company that they helped us hire. And finally we hired internally and she's The Dental A Team (45:53) Totally. Hunter Bennett (46:09) man, she's phenomenal. she has just totally, she was at our front desk, she wasn't in dentistry, she came to the front desk and really for first couple of years she was pretty quiet. And then when we interviewed, we're like, we need to interview, are you interested? And she said, yeah, like I would. And she's absolutely just crushing it. And so she is a big reason because we finally, you know, like it's just a good fit for her, you know? And our old office manager is still with us and she's amazing, she's amazing. And she's just so humbly taking the role. She's she's like, The Dental A Team (46:10) Amazing. Yeah. Hunter Bennett (46:37) just want to be in the front and she's the best front office person in the world. You know what I mean? And that's she didn't want to be an office manager and so it's kind of worked itself out and but I don't know if we would have made those decisions without being sort of forced into it with it with our structure in the corporate, you know in the corporate group. If I'm being honest, you know, there's a couple things like we were salary like we just paid our girls salary for example and so there was always sort of this resentment because here it's very seasonal. The Dental A Team (46:39) Mm-hmm. Yeah. Totally. Yeah. Mm-hmm. Hunter Bennett (47:06) So during winter, like our population in Naples doubles. And so the girls are working more hours. So they might work 42. I don't know if I should say this is, I guess it doesn't matter because I don't do it anymore, but they might work 42 or 44 hours one week. But in the summer, they're probably working 32, 34, 36. Or I'd just say, go home or whatever. So over the year, it just worked out. so they came to us, like, you can't do that. And so was like, so then we had to switch to hourly, which I really resented in that first six months. I was so mad. But now looking at it, it's actually the The Dental A Team (47:06) Right. Right. You Hunter Bennett (47:35) It's actually the fair way to do it. You know, it actually makes sense. ⁓ they like our, always get. The Dental A Team (47:38) It is. So it sounds like you just got a lot of like, you got like a lot of company backing is what I feel like it is like the structure of a business. Yeah. Yep. Hunter Bennett (47:44) Totally, it's just more structure, more structure. I didn't have to be the bad guy, I guess. I sort of get to say that's just how we do it. And so again, I think now, like the older version of Hunter sees that as, well, man, were kind of, you could have been a stronger leader, but I didn't know what I didn't know. ⁓ But now again, too, like looking at it, like this is exactly the path that I'm supposed to be on and it's fine. And truly like... The Dental A Team (48:01) Totally. Hunter Bennett (48:11) There's so many reasons to join a DSO. Some people are looking for an exit. Some people are looking for a lifestyle. And for me, it's just worked out that I, don't know what I was looking for besides relief from all the pressure I felt and, um, and it's worked out, you know? And so I still make enough money that I can do the things that I need to do and want to do. And if the equity works out, that's a cherry on top. And if it doesn't like it's okay for right now. And if I want to do something later, I can do something else, you know, and that's the other thing too, like with, with the DSO is if, if you want to leave at some point you can. And I don't really have plans to leave per se, but like I, now it's an option. Whereas if I own the practice, that was one reason too, with me and Nate, who part of our thought process was, well, we're from the West in 10 years. If we want to sell in 10 years, who's going to buy us? Are we going to wait 10 years? Why don't we just do it now and grow with the DSO? So that was a big part of it too, is like, what is our exit? And so even though I'm only, I'm not, I'm 40 next year. The Dental A Team (48:38) can. Totally. Hunter Bennett (49:08) I still was sort of planning an exit at some point because the practice was so big and we couldn't find a partner. So maybe that gives some insights retrospectively into our thought process because we did the same conversation every day for six months. But looking at it now, like that's what they've taken off our plate is all those little nuances that are just so mentally exhausting that now when I come home, I can just be present with my kids. I've changed my schedule. Like it's totally benefited my life. The Dental A Team (49:14) Totally. Hahaha! Hunter Bennett (49:38) Lifestyle wise but it's not perfect but I would say an overall net positive, you know If you're not just looking at money, you know If you're not just looking at your month to month income I would say that's like the only downside is I don't make as much money as I used to but my lifestyle is way better so The Dental A Team (49:43) That's amazing. Sure. And so we traded a few things, but who knows it can pan out as well to where you actually make more in the future. That's not a given, but like today you're at least in a good space. You've traded ⁓ like money for time. And I think that that's one of the most beautiful things, which ties to, as we like quickly wrap up. I love that you just talked about all the pieces of DSO. I love that you have a great experience. I love hearing the pieces that they were able to take and agreed a lot of businesses actually need to sell to a DSO because they've grown too big that there's not a buyer for them. And like that is Hunter Bennett (49:57) Yeah. Good. Yeah. The
On this episode, Shadan talks more with Erica about the movies she saw at this year's Toronto International Film Festival, this time talking about the very best of the fest! Visit https://insessionfilm.com for merch and more! Thanks for listening and be sure to subscribe! Become an ISF VIP today to get exclusive bonus content! Follow us on X/Twitter! @InSessionFilm | @ShadanLarki | @eRockReviews Films that will be discussed in our TIFF Recap: 1. A Private Life (Rebecca Zlotowski) Release: November 14 (Limited) Trailer: https://www.youtube.com/watch?v=UNUkW6ywV-c 2. Arco (Ugo Bienvenu) Release: November 14 (Select Theaters) Trailer: https://www.youtube.com/watch?v=UNUkW6ywV-c 3. Ballad of a Small Player (Edward Berger) Release: October 29 (Netflix) Trailer: https://www.youtube.com/watch?v=HVuAfgSLFI4&t=8s 4. Blue Moon (Richard Linklater) Release: October 17 in NY & LA theaters; Nationwide October 24 Trailer: https://www.youtube.com/watch?v=qo7gRHip0lI 5. Charlie Harper (Mac Eldridge, Tom Dean) 6. Dead Man's Wire (Gus Van Sant) 7. Dinner With Friends (Sasha Leigh Henry) 8. Diya (Achille Ronaimou) 9. Eternity (David Freyne) Release: Limited November 14, Wide November 26 Trailer: https://www.youtube.com/watch?v=irXTps1REHU 10. Frankenstein (Guillermo del Toro) Release: November 7 (Netflix, limited before wide) Trailer: https://www.youtube.com/watch?v=x--N03NO130 11. Hamlet (Aneil Karia) 12. Hamnet (Chloé Zhao) Release: December 12 (Wide theatrical) Trailer: https://www.youtube.com/watch?v=E2xtmPkuksA 13. Hedda (Nia DaCosta) Release: October 29 (Amazon Prime Video) 14. If I Had Legs I'd Kick You (Mary Bronstein) Release: October 10 Trailer: https://www.youtube.com/watch?v=ywFDoT7LBbQ 15. It Was Just an Accident (Jafar Panahi) Release: October 15 Trailer: https://www.youtube.com/watch?v=nF04v-ze2Yc 16. Memory of Princess Mumbi (Damien Hauser) 17. No Other Choice (Park Chan-wook) Trailer: https://www.youtube.com/watch?v=8U77zLDDdjc 18. Obsession (Curry Barker) 19. Rental Family (HIKARI) Release: November 21 Trailer: https://www.youtube.com/watch?v=n0pqP6ClcE8 20. Roofman (Derek Cianfrance) Release: October 10 (Theatrical) Trailer: https://www.youtube.com/watch?v=GXecSGmQDEI 21. Sacrifice (Romain Gavras) 22. Sentimental Value (Joachim Trier) Release: November 7 Trailer: https://www.youtube.com/watch?v=lKbcKQN5Yrw 23. The Lost Bus (Paul Greengrass) Release: October 3 (Apple TV+) Trailer: https://www.youtube.com/watch?v=XSDHjkuwaic&t=5s 24. The Secret Agent (Kleber Mendonça Filho) Trailer: https://www.youtube.com/watch?v=0nNAVGX8n7w 25. The Smashing Machine (Benny Safdie) Release: October 3 Trailer: https://www.youtube.com/watch?v=aRpnP3LZ99g 26. The Son and the Sea (Stroma Cairns) 27. The Testament of Ann Lee (Mona Fastvold) 28. The Wizard of the Kremlin (Olivier Assayas) 29. Train Dreams (Clint Bentley) Release: November 21 (Netflix) Trailer: https://www.youtube.com/watch?v=HyRdazbYKgY 30. Wake Up Dead Man: A Knives Out Mystery (Rian Johnson) Release: December 12 (Netflix) Trailer: https://www.youtube.com/watch?v=eHM1K1JByBI Other TIFF 2025 Titles Mentioned: Bad Apples (Jonatan Etzler) Christy (David Michôd) Release: November 7 Trailer: https://www.youtube.com/watch?v=hSHwFDPfeV8 Eleanor The Great (Scarlett Johansson) Release: September 26 Trailer: https://www.youtube.com/watch?v=wZ6l2ue--KA John Candy: I Like Me (Colin Hanks) Release: October 10 (Amazon Prime Video) Trailer: https://www.youtube.com/watch?v=PrcQRsrBcCk Nouvelle Vague (Richard Linklater) Release: November 14 (Netflix) Trailer: https://www.youtube.com/watch?v=795BXtBR2u4 The Voice of Hind Rajab (Kaouther Ben Hania)
This gospel written by the apostle John is one of the most beloved gospels. John takes you from (quite literally) the very beginning of all things, through the prophetic fulfillment of Jesus' arrival and ministry, the life and teachings of Jesus, to the commissions he gave to His followers after the resurrection. It's through this gospel you will see Jesus, the Son of God, in a light that is unique, with profound implications for your life. Grab your Bible and get ready to join Jerry Dirmann as he walks through this gospel, and gives helpful teaching and insights along the way, helping you to understand, and to apply it in your every day life. You can also take your daily Bible reading to another level with The New Testament Daily with Jerry Dirmann—including all of the books of the New Testament. ------- Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: FREE MEDIA LIBRARY » Download or listen at https://SolidLivesMedia.com/ ABOUT SOLID LIVES » Find out more at https://www.solidlives.com/ SUPPORT » Help us get the word out at https://solidlives.com/give/ Thank you for joining us today! For more resources like this, or to support the ministry of Solid Lives, visit one of the links below: FREE MEDIA LIBRARY » Download or listen at https://SolidLivesMedia.com/ ABOUT SOLID LIVES » Find out more at https://www.solidlives.com/ SUPPORT » Help us get the word out at https://solidlives.com/give/
Keith discusses the pros and cons of being a hands-on landlord versus hiring a property manager. Self-management offers cost savings, quality control, and better tenant relationships but can be challenging due to tenant and contractor management. Keep up with inflation and market trends, by using tools like Rent Finder.ai for market analysis. Dani-Lynn Robison with Freedom Family Investments joins the conversation to highlight their recession-resilient real estate funds offering 8-16% returns, with options for liquidity and growth. Resources: Visit freedomfamilyinvestments.com/gre to learn more about the investment opportunity or text FAMILY to 66866 to get more information about Freedom Family Investments' liquid investment options. Show Notes: GetRichEducation.com/572 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold 0:01 welcome to GRE I'm your host. Keith Weinhold, being a hands on landlord versus professional property management. Which one is right for you? How often and how much should you raise the rent? Then learn how, rather than a landlord, to be a landlord and increase your income by becoming a real estate lender. Today on get rich education, Speaker 1 0:28 since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads in 188 world nations. He has a list show guests and key top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com Corey Coates 1:13 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Speaker 2 1:30 Welcome to GRE from Charleston, South Carolina to Charleston, West Virginia and across 188 nations worldwide. I'm Keith Weinhold, and you're listening to get rich education before we talk about, should you be your own landlord or not, and how often do you raise the rent? Let's get more personal. I want to get introspective with you with three questions, do you focus more on what you have or on what's missing? Yeah, and not just as an investor, but in your overall life. Do you focus more on what you have or on what's missing? As for me, it's what's missing, and that might be a shame. I'm definitely grateful for what I have, but probably not grateful enough if you also focus more on what's missing from your life rather than what you have. Maybe you need to be more grateful for what you've got too. But those like me that focus more on what's missing are often accomplishment driven people always trying striving for more. The second question is, do you focus more on your past, present or future. Now we all focus on all three, but which one do you focus on the most? For me, it's the present and then the future after that. The third question that you can ask yourself to learn more about yourself is, do you focus more on what's in your control or out of your control, I focus more on what's in my control. So there you go. Certain combinations of those questions can tell you a lot about yourself. For example, if you answered that, you're most focused on your future and what's out of your control, you could be setting yourself up for some sleepless nights. Oh, gosh, did I lock the car door or really, it's more like, Geez, how is that meeting really going to go tomorrow? I do some of that too fretting too much about the future for things outside your control that won't change your future one bit, but yet, ostensibly, that steals your peace of mind in the present. And I don't know who to attribute those questions to. Who originated them, but I heard Tony Robbins talking about them, and that helps you figure yourself out for some of what we're talking about here on today's show. I want to start off real basically here most first time real estate investors, they find themselves diving into the world of property management with zero experience and tons of uncertainty. You don't have to put management experience on a resume before you hire yourself to manage your own property. Self managing a rental property, it can be daunting in the beginning, but it also offers you some real benefits, like greater control and cost savings and some hands on learning. But self management comes with its own set of challenges, like tenant management and handling maintenance issues, so let's weigh some of those pros and cons of self landlording versus outsourcing it to a professional manager, there are about four key advantages to self managing. I think that most obvious one is the cost savings, because property management companies typically charge eight to 10% of the monthly. Rent amount for their services, along with an additional fee for placing a tenant or renewing a lease, and maybe even a fee for certain maintenance types. By self managing, you can then avoid these fees and keep more of the rental income for yourself and thereby making your investment more profitable. Say that your property is rented for $2,000 a month. That $200 management fee, because that's 10% Well, multiply that by 12, that's $2,400, a year, plus a typical leasing fee when a new tenant is placed is a half months rent. That's $1,000 in this case, now, you're probably not going to have a new tenant placed every single year, but if you did, then that's $3,400 annually to the manager in total, between the management fee and the leasing fee. Another advantage of DIY ing is quality control. Now, I think people that tend to be control freaks, oftentimes have to self manage, and they care a little too much. But when you self manage, you do have direct control over the maintenance and tenant selection and the overall condition of your property, and that is going to ensure that your investment is well maintained and that your tenants are satisfied. Property managers, they often manage multiple properties, so your rental might not get as much attention. And the most common, recurring issue that I hear from investors that use a professional management company is that they don't feel like their property is getting enough attention, or that the property manager doesn't really care that much about them after their contract is signed. And if you think that through, from the property management industry side, you know most managers, they're only making that 100 to 200 bucks of recurring revenue per month on each property they manage, and these are pretty thin margins overall. So in order to run a profitable business and pay their employees and cover their other business expenses, these property managers, they need to onboard hundreds of clients, and in turn, that's going to spread out their efforts pretty thin if you've only got a few properties with a manager. Well, their main priority sometimes ends up being their bigger clients. So the smaller you are, the further down the callback list you might be. But I'll tell you, even staying in touch with my professional managers a little bit, even the ones I only have a few properties with, I feel like I get what I need. A third advantage to managing yourself is better tenant relationships. You've got a level of control that allows you to build relationships with your residents that can lead to longer retention and less of that costly turnover, and having that direct communication that builds some trust, that builds some respect between you and your tenant, they appreciate a landlord like you is probably going to respond quickly to maintenance requests and the fact that you're approachable if an issue comes up, and also, by you being more involved in the tenant screening process, you can ensure that you select a pretty good tenant that's going to stay Long Term and really take care of your property. Another advantage to you self managing is that you do build some valuable skills. I mean, managing a property on your own that teaches you a big range of pretty versatile skills, from like handling maintenance and repairs to negotiating leases and just overall, managing your finances, these can be pretty helpful skills, not just for your rentals, but for your future business ventures. So really, those are some of the upsides of self management. Now, how about the flip side, the challenges of self managing your own rental property? Well, the problem is managing your tenants. I mean, some say that this whole discipline that's called Property Management ought to be called tenant management and handling tenant relations. That's one of the most critical aspects of being a self managing landlord. I mean, even if you try to build tenant relationships, mismanagement that can lead to vacancies or disputes or can even go into legal issues. So educating yourself on landlord tenant laws and best practices, that's pretty essential. If you want to head off problems, you've got proper tenant screening and addressing tenant concerns and ensuring that rent is paid on time. I mean, all that stuff's crucial. Most tenants are pretty reasonable, but you know, there are always going to be a few that will challenge your patients, and it really requires that you be tactful and professional to manage well, managing contractors. I mean, property maintenance, that's another key responsibility you have to. Fine and hire and coordinate contractors for repairs and upkeep and poor contractor management that could lead to cost overruns or really shoddy work and more, knowing how to negotiate contracts and oversee projects that's crucial to maintaining the tenant satisfaction and the overall quality of your property. Another downside of self management is handling emergencies, I mean plumbing leaks or electrical issues, that stuff could happen anytime. And as a self managing landlord, you might not always be available to respond immediately, which can lead to property damage or unhappy tenants. So self managers, they really need to be problem solvers. Self managing a rental property, things go fine 99 plus percent of the time, but it could get emotionally taxing, especially if those tenant relations become a problem. So you got to keep personal feelings out of it, that stuff can cloud your judgment and negatively impact your decisions. If you want to self manage, you've got to maintain professionalism and set clear boundaries and remain objective when you're dealing with tenants and property issues, so creating systems and processes help you minimize those emotionally driven decisions, and can help you ensure consistency in managing approach. And then there is that legal side you ought to keep up on that local area's landlord and tenant law. So in conclusion, on whether to be your own landlord or outsource it to professional management, while these challenges are pretty real, you should still be able to self manage your properties, even remotely, even across state lines or from 1000s of miles away. I mean, most of these worst case scenarios that you hear about, like a flood at 2am I mean that stuff just never happens. I mean, it's never happened to me, even if you don't have previous experience, you really can effectively manage your rental properties and see positive results when you got the right tools and the right mindset. And today's tech tools make remote management easier than it's ever been in human history. But any long time listener knows that I do not manage my own properties. My time is simply too valuable. As a frequent guest on the show here, Robert helm says life is too short for property management, I just feel a personal sense of freedom and autonomy and some headspace clearance by knowing that no tenant can contact me directly yet that my manager is taking care of them. I mean, it's just not worth doing it myself to get that last 2% toward perfection. When you buy in the most investor advantage areas, you should have enough margin to pay for a manager. Keith Weinhold 13:03 All right, well, let's change topics now, and whether you self manage or you outsource it to a pro, you know, you've got to ask, how much and how often should landlords raise the rent? That is the question. Let's say you've crunched the numbers and expenses are climbing like they have these past few years, and the market is shifting and your rent hasn't changed. That really leaves you with one big question, Should you raise the rent? And should you raise it every year? And if you're new to landlording, it can kind of feel complicated. It could feel like if you raise the rent too much, you risk losing a great tenant if you raise it too little or not at all, and you might fall behind on costs then, or even undervalue your property if you don't keep your rents up there, because five plus unit property values are based on the rent, which goes into the NOI your net operating income. And really, this is one of the more common dilemmas that landlords face. But really, the good news is that there's a pretty clear way forward. So let me help you determine when a rent increase makes sense, and then figure out an amount that keeps your unit competitive. It keeps your rental income on track. Now some people, they actually believe that landlords are required to raise the rent every year and to a tenant, it might seem like that's what happens, but no, landlords are not required to raise the rent every year. They often choose to do so to keep up with inflation or stay competitive and high demand markets, and keep up with shifts in local rental trends, gradual, smaller increases can help you avoid the need for making larger jumps later, that stuff can surprise or frustrate your tenant. You want to go for those big rent jumps, but two. 19 tenancies. We've covered that part before. Now, some landlords prefer to keep rent steady, like when they have long term reliable tenants, or they're just focused on building equity over time, and they want to stay hands off, and don't really need the cash flow so much. Now, in a lot of cases, maintaining that same rent amount that sure can reduce your turnover in vacancy costs, those things are your biggest expenses, but often that is not the best approach in the long run, because you probably are a leveraged investor, meaning that you have a loan on the property. Well, then a rent increase that helps you out more than it does for the less educated, paid off free and clear property owner, because you can widen your delta faster. You widen your cash flow faster because your biggest expense, your principal and interest payment, stays fixed. Yes, you are getting leverage on both the asset value overall and the income. Yes, this is winning that third crown of GRE s inflation triple crown. So ultimately deciding how often to raise the rent, that really depends somewhat on your goals and also the condition of the rental. You got to factor in how satisfied you think that your tenant is. That's part of it, and the state of the market as well. Now, if you're unsure what the right rent price is for your area, there are increasingly sophisticated tools for helping you figure that out. Rent finder.ai, can help you. One of my property managers uses it. It's a really cool AI driven report that looks at 25 rent comparables in the area. Again, that tool is rent finder.ai. Speaker 2 16:52 Now, when should landlords raise rent? Finding the right time to do this that helps you stay aligned with the market value all while supporting your financial goals. But there are also times where it might be smarter to hold off on hiking the rent. The most common times that you implement a rent increase are at least renewal. That's really the most common and appropriate time to raise the rent, provided that you give proper notice. You usually got to give 30 to 60 days notice. Another common time to raise the rent are after you make significant upgrades, like installing new appliances or renovating a kitchen or updating flooring. I mean, this is when it might be reasonable to adjust rent to reflect that added value. Another time is when overall market rents are rising, even if you haven't improved the unit or anything, because if rental prices in your area are up, well, then raising your rent helps keep your property in line with local rates. But you got to keep in mind that rent price increases require a well thought out strategy to avoid pushing away good tenants. Another time to increase the rent is to keep up with inflation and expenses over time, especially these last few years, we've all had higher operational costs like higher insurance, higher property taxes, higher maintenance costs. So even a small annual rent increase definitely helps offset those rising expenses, but you have got to avoid basing your rent price solely on operating expenses. When you do raise the rent for this reason, though, let the tenant know just which operating expense rose. That is going to help reduce tenant frustration. Now, on the flip side, there are times when keeping your rent steady could be the better choice, especially if you have a long term reliable tenant. I mean good tenants that pay on time and take care of the property. They are worth retaining, not all times, but sometimes avoiding that rent hike can help you maintain a good relationship. There another time to avoid it is when the rental market is soft. I mean, if there's more competition in your area, or high vacancy rates in your area, well then raising the rent could lead a tenant to look somewhere else, especially if there are vacant properties nearby that they could move into. Another time to not raise the rent is if the property hasn't changed, if you haven't made any of those improvements, sometimes a rent increase might not be justified, or obviously you don't want to raise the rent if you really, really want to avoid a vacancy. So keeping the rent the same might encourage them to renew. So factors to consider before raising the rent and how to calculate an appropriate increase if a unit is aging or needs repairs, raising the rent without improvement that could discourage renewals. So consider creating a value checklist to quantify certain improvements, like new apps. Appliances could be 25 to $50 a month in additional rent, or a renovated kitchen, $75 a month or new HVAC. That could be 30 to $50 a month. Think about neighborhood changes like gentrification or new schools or increased transportation access or nearby commercial development. I mean, all that stuff can raise demand, building a Whole Foods nearby, having a new office space with high wages nearby, that can increase your rent. Look at City Planning announcements and local news. You can help stay ahead of the trends that way, and if your neighborhood has seen a rise in new businesses or housing demand. I mean, that is justification for a moderate increase and a modest annual rent increase tied to inflation that can help offset your rise in costs. You can reference the CPI, yeah, the BLS. They don't just report national inflation, but they do this by region as well. Now, is there a limit to the amount of your rent increase? Well, depending on where your property is located, there might be legal limits to how much you can raise the rent, and they're typically defined by state and local rent control laws that can vary a lot across the US, in cities or states with rent control, or what's called rent stabilization, there are strict caps on how much you can raise the rent annually. And those caps, they're often based on the local CPI. They might range from 2% per year to 10% a year, depending on the area and if your rental property is in a place without rent control, well, then there might not be any legal limit on how much you can raise the rent really. That's sort of situation normal. So you do have to look at those local laws. Of course, here at GRE we recommend buying and owning properties outside of any rent control jurisdictions, which are often those places in big Northeastern cities or on the west coast where they have rent control. Well, your success as an investor, it has a lot to do with how much of your money you are leveraging, but funds that are leveraged into property that you own directly, they're not very liquid. Any prudent investor keeps a liquidity bucket of funds, and for me personally, I don't keep many of them in these online only savings accounts that might yield a 3% or 4% return today, because that is simply too low. What I do with my liquid funds is I get a return that's more than twice that amount. Where I am not the landlord, I'm the LEND Lord. Yes, l, e, n, d, lendlord, I'll tell you how to increase your income that way. That's next. I'm Keith Weinhold. You're listening to get rich education. Keith Weinhold 23:03 The same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage, start your pre qual and even chat with President Chaley Ridge personally. While it's on your mind, start at Ridge lendinggroup.com. That's Ridge lendinggroup.com. Keith Weinhold 23:34 You know what's crazy your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back, no weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family to 66 866. To learn about freedom. Family investments, liquidity fund again. Text family to 66866, Robert Kiyosaki 24:48 this is our rich dad. Poor Dad. Author Robert Kiyosaki, listen to get rich education with Keith Weinhold. Don't quit your Daydream. Speaker 2 25:06 If you love the income from rentals but you don't like the vetting and the tracking and the tenant calls, this episode is for you. I've openly shared with you before that I don't keep much money in a savings account, since the returns are often lower than true inflation today, it's about where I invest my own funds that I want to keep fairly liquid yet get a strong return. We're talking to who owns and runs those very funds that I'm personally invested in. She co founded freedom family investments. They're a firm with over $50 million in assets under management, and they have a 100% track record of investor payouts to those investors that include me. After building her own wealth through real estate, she made it her mission to help investors create freedom, safety and peace of mind in their portfolios. She specializes in turning hands on real estate strategies like turnkey rentals into relatively passive, scalable income. It has real estate backed returns that get fairly high. You'll see how high today. She's got a great plain English approach and focus on recession resilient, needs based assets that have earned her repeat invitations to get rich, education and other top real estate shows she and her husband flip also co wrote a great book called Get real, which I have on my bookshelf. Hey, it's great to have you back on GRE Danny Lynn Robison Dani-Lynn Robison 26:30 thank you so much, Keith. I'm so excited to be here Speaker 2 26:33 Danni, We'll discuss rates of return for the investor shortly, but first, I think that any prudent investor asks about that foundation, what is the investment backed by? What are the underlying assets? Tell us about that. Dani-Lynn Robison 26:48 So that's really important to me as well. And real estate is my love and passion. So this is a fund that is based on recession resilient needs based real estate. What that means is we're really focused on the needs over economies, down economies, no matter what is going on the market, is there demand? Is there enough demand that the cash flow is going to continue on? And so our asset classes inside this fund are multifamily housing and then senior housing build to rent and self storage. And by concentrating on all of those, we're just staying aligned with the fundamental needs of American families, which is why we're freedom family investments, Keith Weinhold 27:26 right? Okay, so, yeah, pretty staid, stable underlying assets there, like you say, these are needs based items, items that people need. And tell us more about how the investment is structured for that investor, and these investors like me, looking for predictable, passive income. Dani-Lynn Robison 27:46 This is something that's really important to me. I'm always talking to our investors and finding out what's important to them. What are they investing in right now? How do they feel about the market? What's important to them? And out of that has come every single fund or offering that we have created. And so what I love about this one is it combines a whole bunch of things all into one place. So this fund, the way it's structured, provides diversification, because as a private money lender, you are lending on one asset, so you're dependent on that one asset actually performing and being able to pay you back. Now, as you said at the beginning of the episode, we have a 100% payout track record, and that's because I think my very first episode with you was about private money lending, and I told this story about this duplex where we lost, I want to say, over $50,000 and I talked about the importance of investor relationships to me, and that long term relationship means more to me than anything else, because if you don't Have trust, then you don't have anything, you don't have a business, you don't have you can't grow long term. So even though we had lost so much money on that duplex and made a lot of mistakes, the investor got their full principal paid back. They got every penny of interest during the time that they were owed. And that Testament has happened over and over again, and it's also why I've always preached volume, because deals like that in real estate, it's going to happen in anybody who tells you otherwise just run, because there's going to be times where you peel back a wall and there's something you know big that you're going to have to take care of, and there's times when contractors aren't going to do what they say they're going to do, and it's going to go over budget. And because of that, volume is important. So if I'm doing 10 deals a month, and two of them go bad. I've got eight that do really, really great. So that's the diversification piece that is so important to me, and therefore also important to my investors. Because we've talked about that, we've talked about those conversations. So in the fund, being balanced and diversified across those four asset classes ensures that no matter where the market is and what we're investing in, some of them could be doing really good, while some of them may not be doing as good, and we're just evening out and protecting ourselves and our investors with that separate asset classes and multiple doors. Then the other thing about that I've heard loud and clear is liquidity. And you and I were talking about this right before we pressed record, and I. Always laughed, and I was like, liquidity and real estate just don't go together. So let me figure this out. And we worked with our attorneys and figured out different ways to provide liquidity to real estate investors while still protecting just the way everything was structured, because that promise and making sure that I'm always giving that money back to the investors and paying them on time every single time, was so important, we structured a fund that allows people to invest and then get their money back in a year if they want it, but if they don't, then they get to continue investing for a period of time. And so that marriage and balance has really been a win for us and for our investors. And so I'm really excited about this fund. Keith Weinhold 30:37 Danny Lynn, it's a little sad before our chat today, we learned about another industry professional that offered a fund to investors, and that fund imploded, for lack of a better term, and you divulged with me that you're actually familiar with that fund and with that operator that offered it. And you know you talked about how there were really some red flags, some warning signs, there, you have third party eyes on your fund for its lifespan, from beginning to end and here in the present. And the other thing is that you invest the funds in your own businesses, so you have more control over that when you talk about these four different asset types that you're involved in. So can you talk to us about that? Dani-Lynn Robison 31:25 I've been in the room with him. I don't know him personally. We're not friends or anything, but I know him, and I know what happened as that fund progressed. And when I looked at the fund structure, I love the promissory note idea, because it's simple to understand. There's a warren buffett quote I love talking about that you shouldn't invest in something you don't understand. And I believe in simplicity. I believe in making sure that you understand exactly what you're getting into when you're putting your money on the line. And in that particular fund, it was very hard to understand the assets that you're investing in. And so it was a lot of businesses I would view them as high risk. I felt like even the monthly distributions were a little risky as well, because sometimes you just don't know if the money is going to be coming in. You know, you might be in a building phase where you actually need the capital to work on and grow and improve the business or the real estate. And so we always structure things in a way that we do two tiers. There's an income track and there's a growth track to allow us to balance everything out and be able to give the investors a lower rate of return if they want income, and a higher rate of return if they want growth, because that higher rate of return we can do that because they are allowing us to use that capital to be able to work on properties, to work on businesses have that growth trajectory, and when it comes to our businesses, I'm glad you brought that up, because he did invest in businesses, and I don't historically do that. I love real estate, but I do invest in my own businesses, because I know me. I know my character, I know my track record. I know what I promise I'm going to do, no matter how hard it is. I'm going to make sure that I fulfill those promises. And so if I have like, ownership and direct control of everything, I feel very confident in my ability to move forward. And that's really where the masternote program comes in, we now call it freedom notes, because we just love freedom so much we're just rebranding everything. So the freedom note program really does help us invest in businesses as we're growing, and it's our own businesses so super excited about that opportunity. Structured the exact same way as the flagship fund. Keith Weinhold 33:16 You use the term promissory note there, just so that no investor is left behind. What is a promissory note? Dani-Lynn Robison 33:23 A promissory note is really like an IOU. So I always like to compare it to bank loans. Whenever our private money lenders would come and talk to us about private money lending, and they'd say, can you explain this to me? I'd say your Bank of America like you're the one with the lien on the property, so you're in first lien position, and so if something goes wrong, then you have the ability to foreclose and get that property back. So promissory notes, essentially is a loan to this fund, and this fund is then going to use that money to purchase or acquire or invest in or do recapitalizations of those projects that we talked about. So in the flagship fund, those four asset classes, masternodes, so the freedom notes also invest in those same asset classes, but they also invest in the businesses as well. Keith Weinhold 34:09 So we're talking about predictable passive income for the investor here, about as close to passive as it gets, hands off management. You've got the professional underwriting, the servicing and the reporting done by a third party you actually use invest next, that's the third party company that administers this. Tell us more about the investor qualifications, about the minimum investment amount and accredited versus non accredited. Tell us about that. Dani-Lynn Robison 34:38 We have programs for both non accredited and accredited investors, and like I said, they're set up structurally very, very similar, but they are it's has to be SEC compliant, right? So for the non accredited investors, it is the freedom note program, and it's set up so your funds are in a separate bank account all by itself. It's fully tracked that way by our accounting team. And you can always go in and say, Hey, can you guys tell me where my funds are placed? And we can always track that information. So it's a little bit more work on our part, but it does allow non accredited investors to participate in something until they have the opportunity to reach a point where they do meet that accredited status and they can participate in the fund. And then the fund is the accredited vehicle. It's a 506, C, again, fully it's a Regulation D, fully vetted by our attorney. They're just actually finishing the documents right now. I didn't tell you before this, but you're actually the very first group that we're like talking to this about. And I told you how much I love our relationship and how long we've known each other, and how I just want to do more things with you. And so we're like, this is perfect that we get to actually launch it to Keith's group first. So we're excited about that as well. And then you talked about invest next. This is the piece that I think is important to me, no matter who you invest in, is what is their financial transparency look like? How are in the investments tracked? Where are the funds? Who is looking at those funds. So not only are we tracking all of the funds in house, but our CPA has to look at the funds and what's happening there. And originally we had nav, which is a fund manager. Now we've moved over to our invest next, and it probably took us six months to get onboarded with them, because of all the compliance pieces required for a company like that to bring you on board. So I just think that's one of the important pieces that makes me feel safe, because I want a bunch of eyes on the financials, and it makes our investors feel safe as well. Keith Weinhold 36:31 For those wondering why I invest my funds here, yes, you've got that third party auditing, like you've mentioned, and you're investing only in your own businesses, so you have control. That's a big part of what makes me feel good. Well, let's talk about the fun part. Danny, tell us about those rates of return and the liquidity. Dani-Lynn Robison 36:50 The rates of return are anywhere from eight to 14% but the 14% can go up to 16% because there's a 2% bonus upon maturity, and that eight to 16% is in two series. So there's an income series and there's a growth series. The income series is what appeals to investors who want those quarterly distributions and who want the passive income and cash flow. And so that particular series is anywhere from eight to 10% and again, depending on how much you invest, there's a 2% bonus in that series, and then the growth series is even higher. And the reason that is is because these are the long term investors who are looking to really accelerate growth in their portfolio. And that allows us peace of mind that we've got capital to be able to use for the renovations, for whatever is needed, depending on the market and how the cycles are going. As I said before, real estate is illiquid, and you have to structure and balance things based on that. And the growth series is a win for the investors, because compounding on, let me see, it's 10 to 14% returns, plus, depending on how much you invest, there's a 2% bonus that compounding adds up fast. We've done math for our investors are like, Oh my gosh, I'm never moving my money. I love this. They just love to see the growth trajectory. It's a win for us, too, because we get to use that capital as needed in order to ensure that we've got successful investments at the end of the day. Keith Weinhold 38:21 Okay, so the income series has eight to 10% returns based on how much you invest, that pays out quarterly. And then the growth series that has those higher rates of return, up to 14 even 16% where the payout is made at the end, and how long is one waiting until the end? I know it sounds like most people want to continue that compounding and roll it forward, but what does the end look like for the groceries fund? Dani-Lynn Robison 38:47 Yeah, I'm glad you asked that. So that's the liquidity piece, and that's the thing that we went back and forth with our attorneys about, because real estate is naturally illiquid, and so what we did is it's a recurring annual renewal. So it's an auto renewal, meaning that every single year you have the opportunity to say, Hey, Danny, hey freedom, I would like to go ahead and give you notice that I would like to get my funds back. And so that gives us enough notice be able to plan for those funds to come back to you principal plus interest. And then every year, if you choose not to ask for your funds back, it auto renews for a total of five years. I believe it is. You'll have to look at the documents just to confirm everything that I'm saying, because what I'm speaking to is our freedom note program, which is what this was built off of, because it was so popular. When given investment opportunities, everybody was just like, I want to go into those freedom notes. I like those because it gave them peace of mind, the ability to take out their cash if they needed it, but allowed for a compound or fast growth and a long term investment if they felt that was right as well. Keith Weinhold 39:47 Okay, this freedom note program either the income series or the growth series, but we're talking about rates of return here. What's interesting is we're in a period where federal funds rate drops are. Anticipated when that happens, the return on your savings account does fall by that amount. However, these funds don't. That is correct. Yes, we're talking about, again, these funds that are backed by needs based real estate, like senior housing, workforce apartments and self storage demand that stays steady, even in downturns. And I know that you have an investor story as well. Tell us about that. Dani-Lynn Robison 40:28 Yeah. So we have so many investor stories, and you can actually see the videos and audios on our website, and I encourage you to go check them out. But we like to call this investor story Jane, because we've heard the story so often that we call her Jane. So this is really the investors who have been investing with us as private money lenders and turnkey investors. And there they realize that number one, the in and out of investments. As a private money lender means that they always have this capital sitting and earning nothing at some point in time. And the turnkey investors, they think it's passive. And then they realize, oh gosh, there are tenant issues. I do have to, you know, manage this, the property management company. I do have to double check all the financials. I do have to approve a tenant or approve repairs, and it ends up being a little bit more work, and sometimes a lot more work than they ever anticipated. Those investors in particular, are the ones that love working with us the most, because suddenly what they thought was freedom going into the investment opportunity turned out to be a little bit different than they anticipated. And so they're like, I'm so thankful to finally, you know, be in an investment with a company that I trust, but that can be there, give me liquidity options, give me a good return, but it's 100% passive. So we call that investor Jane, because we just hear this story over and over and over Speaker 2 41:45 before I ask about how our listeners can learn more about this, if it might interest them. Is there any last thing that you want to tell the audience? Maybe something that I didn't think about asking you? Dani-Lynn Robison 41:57 That's a great question. The here's the thing that I always like to say, when you're investing with somebody, I think it's important to ask about the worst thing that's happened, what they did, how their investor was treated, what was the financial outcome? I think those questions are people don't think to ask that. Like, when you get on the phone with somebody, everybody's gonna tell you the rosy stories and all the good things, and this is why you should invest. And they're not going to go down the road of like, what happened, like, what are the bad things? Because every business and every real estate investor experiences bad things. So finding out the character of the person, I think, is how you find out is by asking what happened in that worst case scenario. So I think that's a really great question to ask, and you can ask us anytime I transparently tell my horror stories all the time, and just always in saying how important our long term investors are with us. Keith Weinhold 42:46 It's just like the title of your book. Get real. If you don't have a messy story to tell, you probably haven't been in business for very long. Are there any fees in order for one to get started? Dani-Lynn Robison 42:58 No, there are no fees. That's another investor feedback piece is the confusion. It's like they want to invest, but they're so confused by investment opportunities and what they're really making. So when you invest with us, the return that we tell you you're going to get is actually the return that you're going to get. So whether it's, you know, 8% 9% 10% whatever that is, that's the return you'll get. If there's any fees in, uh, within the fund itself, there's none in the freedom notes program. If there's any fees within the fund itself, it comes from the actual underlying properties, not from investor returns. Keith Weinhold 43:31 Well, it doesn't take very much documentation in order to get started. This could really help you make more of the funds that you want to keep more liquid as fast as 90 day liquidity. Danny, tell our audience how they can get started, and if they just want to learn more about this to see if it's right for them, Dani-Lynn Robison 43:50 we have done something super special this time. I think I've been on your podcast probably four or five times. Now this time, I'm going to tell you to go to freedom, family investments.com. Forward, slash, G, R, E, so it stands for get rich, education, so freedom, family, investments.com. Forward, slash GRE, what we've done this time is we're really tailoring what we do to Keith, because this relationship has just been such a great relationship we've had over time that we want to make sure that the investors that come in from your audience are just they rise to the top for our Investor Relations team so that anything that you need, we're just right there for you. We've got an investor concierge, and we're just doing as much as possible to make sure that you guys are prioritized. Speaker 2 44:30 Yeah, feel free to let them know that you learned about this through me, you'll get the VIP treatment. Danny, thanks for being such a responsible custodian of my own funds. For years, it's been great having you back on the show. Dani-Lynn Robison 44:42 Thank you so much, Keith. Keith Weinhold 44:50 Look the key to most anything in business or investing is for you to provide something that's of value to someone. Else. Look for something that makes somebody else money, and then go get a piece of that for yourself. And because this is where I park my own funds for liquidity, I do need something that I can count on, recession resilient needs based real estate assets that people rely on in every economic cycle. So this is backed by, frankly, pretty plain things, with durable demand, limited supply and strong demographic tailwinds. And again, those four underlying assets are multifamily housing, senior housing, build to rent, which are new single family rental communities and self storage, which is something proven to hold up even in recessions. And what makes these funds from Freedom family investments different is that, like we said, they have third party financial eyes on them, and the control is there because the funds are invested in their own companies, and now there's no such thing as a zero risk investment or even a 100% passive investment, but this is about as close to real estate passivity as you can get. There's more of that than there is with direct ownership of turnkey real estate, they'd surveyed investors to find out what they want. That's why you can choose from again, Freedom family investments either their income series, which has eight to 10% returns, but it can be up to 12% at higher investment amounts, you get quarterly distributions, or their other is their growth series, 10 to 14% returns, but it can be up to 16% at higher investment amounts, with the option to have your funds back annually. These are fixed rates of return and a declining interest rate environment like we're in now. Cannot touch those rates of return, I think, for someone that's not in real estate and doesn't understand how real estate pays, five ways, they might find it unusual that an investment can reliably return more than 10% like this. But those that are initiated, they get it. It's pretty simple. I mean, you are going to increase your income $10,000 per year if you invest 100k at a 10% return. If you'd like to learn more and see if it's right for you, it's been made pretty easy. You can do that one of two ways. Text family to 66 866, just text the word family to 66866, yes. This is how you can, rather than a landlord, be a lend Lord with the liquid component of your investments. So you can learn more about freedom family investments, just visit freedom family investments.com/gre. That's freedom, family investments.com/gre, until next week, I'm your host. Keith Weinhold, don't quit your Daydream. Speaker 3 48:13 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively. Keith Weinhold 48:37 You know, whenever you want the best written real estate and finance info. Oh, geez, today's experience limits your free articles access and it's got paywalls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you'll also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now just text. Gre 266, 866. While it's on your mind, take a moment to do it right now. Text, gre 266, 866, Speaker 2 49:53 The preceding program was brought to you by your home
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