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After Tom and Julee run the list of sugar cereals that WEREN’T allowed to eat growing up and Julee reveals her hatred for milk, they actually DO get to work! When Julee shows Tom his old Star Wars tin school lunchbox, he quickly grabs one of the classic lunchboxes he’d taken out to LA…and there are Basement treasures in it!!  The customary Back Through The Basement unearthing flips and, this time, Tom gets to surprise Julee!  Next week's episode is the Season 3 Finale!  We will launch Season 4 on June 7th -- mark those calendars! Now in their forties, Julee and Tom Antonellis are reconnecting as brother and sister in THE MOST distant a socially-distant podcast can be in the United States.  While recording on each coast (and seeing each other over FaceTime) all the way from Los Angeles (Tom) to Boston (Julee), they start unearthing the core lessons, laughs and connections of their childhood.  Plus, Julee has to fight her fear of cobwebs while Tom enjoys the comfort of his office -- yet he CAN'T touch his beloved toys like she can. As their Instagram bio indicates --  @backthroughthebasementpod   -- you can follow them there to see pictures of everything they unearth -- Tom & Julee (actors, comics, voiceover artists & siblings), children of the 80s, must go through all their toys and belongings in their parents’ basement. Oh boy!Support the show (http://www.thickskincreations.com/store)

This week, the gang talks about the announcement (via video explosion) that Daft Punk is splitting up after nearly 30 years together. Did you really think we WEREN’T going to use a Daft Punk song as our music this week?MUSIC: “Digital Love” - Daft PunkADDITIONAL MATERIAL: The Vapors: A Southern Family, the New York Mob, and the Rise and Fall of Hot Springs, America's Forgotten Capital of Vice by David Hill (Bookshop.org)

7 Figure Runway is OPEN to new members for the FIRST TIME in over a YEAR!Flip Hacking LIVE was AMAZING.If you were there, you rock (thanks for joining us live)!If you WEREN’T there……you missed some AWESOME stuff.(More on that later.)For now, the ONLY thing you need to know is that the doors to the 7 Figure Runway mentoring / mastermind group are OPEN for the first time in over a year.We only take on new members ONCE per year……and only for a few days.If you’ve been waiting to get into the Runway group, this is your chance.Check out the full Runway announcement from FHL (replayed in this episode) to find out how this group works, what’s included, pricing, and everything.I’m not kidding about closing the doors… Thursday night is a HARD deadline, and no one is allowed in after that (no exceptions).Some people didn’t believe me last year.And they missed out for a FULL YEAR.DO NOT put this off.If you already know about Runway and you’re ready to jump in, hit the link below to sign up now…CLICK HERE to Join 7 Figure Runway >>If this is your first time hearing about 7 Figure Runway, that’s understandable… like I said, we haven’t taken on new members in more than a year.Listen to this episode to find out what it is and how it works.(This episode is a clip from Flip Hacking LIVE this past weekend where I explained everything.)If you have any questions, reach out to me and my team at info@7figureflipping.com.I’ll share more in the next couple days…But I wanted to get this out to EVERYONE now.Take care… and I’ll catch you on the flip side!Links and ResourcesBuild a consistent, predictable, profitable real estate business that supports you and your family. No more guessing. No more waiting for "someday." 7 Figure Runway members know EXACTLY where they are and where they're going. There's no guesswork involved. We'll show you the path and keep you accountable as you launch and grow your house flipping or wholesaling business. Ready to follow a proven roadmap? Join 7 Figure Runway now… before the doors close for another year!- CLICK HERE: 7FigureRunway.comI'm going to give you an exact blueprint to follow to raise hundreds of thousands of dollars in private funding for your real estate business over the next 30 days. I asked myself, "If I could go back 5 years and teach myself everything I wish I had known about private funding back when I was first getting started, how would I do it? That's where the 30 Days to $500k Challenge came from... learn more at the link below!- CLICK HERE: 500kChallenge.comFollow the 7-Day Flip series on YouTube! Can Tyler Jensen and his team flip 4 houses in 7 days? (Start to finish, full renovations?) Subscribe to the 7 Figure Flipping YouTube channel and watch the whole series!- CLICK HERE: Subscribe on YouTube!====================Want to continue your house flipping / wholesaling journey? Here are a few more resources to check out...Subscribe: Join the 7 Figure Flipping email list to get the latest house flipping and wholesaling secrets, plus insider access to real estate investing tips, training, and more! Click Here: https://7figureflipping.com/subscribe7 Figure Flipping Podcast: Subscribe and get more episodes like this one delivered to you every week! Click Here: https://7figureflipping.com/listenFacebook Group: We've built a community of serious investors who are learning and growing their businesses together. Join the Group on Facebook: https://www.facebook.com/groups/fliphacking/7FigureFlipping.com: Learn more about who we are, our mentoring groups, upcoming events, and the causes we support at our website. Plus, grab some free downloads and other materials to help you on your real estate investing journey! Click Here: https://7figureflipping.com/ See acast.com/privacy for privacy and opt-out information.

The wealthy are enjoying federal monetary stimulus. Meanwhile, unemployed tenants can now be evicted nationally (check your local law). Own assets? Great. Mortgage interest rates are at historic lows; the S&P 500 is at an all-time high. (Entire episode transcript is below. Read as you listen.) In the pandemic, tenants want single-family homes more than communal apartments. Fannie Mae & Freddie Mac want to add a 0.5% refinancing fee.  Homebuilder sentiment is high? Why? High demand, low inventory, low rates. Stagflation is explained. It is a stagnant economy with high inflation. There are signs that inflation is poised to increase. Resources mentioned: Inflation Triple Crown video: https://youtu.be/dZojl686fU0 Section 8 turnkey property: www.GetRichEducation.com/Section8 Stagflation video: https://www.youtube.com/watch?v=YaC_PNKu_Cg&feature=youtu.be Elevator Anxiety: https://www.axios.com/elevator-anxiety-reopenings-9a474985-4786-43a3-8b64-5119ff7f2267.html Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold   Complete Episode Transcript:   Welcome to Get Rich Education. I’m your host, Keith Weinhold.    The rich are getting richer and the poor are getting poorer. I can’t think of any one time in my life where that’s been happening more than it has been than right now.   I’ll tell you why - and what you need to do to get on the right side of that.    What is going on in the real estate market and what are the real estate economics that matter? Then, a discussion about inflation. Today, on Get Rich Education. ____________   Hey, you’re inside GRE. From Manila, Philippines to Managua, Nicaragua and across 188 nations worldwide, I’m Keith Weinhold. This is Get Rich Education.   The rich are getting richer, the poor are getting poorer - and I can’t think of any one time in my life where that’s been happening more than it has been than right now.   Because Americans living paycheck-to-paycheck might now be ... paycheck-less. Some of them are laid off - because of the pandemic - and now they're concerned that there's no national eviction ban.   That’s right. In most states, non-paying tenants CAN be evicted at this time. Now, you’ve got to check your local law.   Well, when is Congress going to do something to relieve those that the pandemic has left unemployed?   Well, they don’t even reconvene until after Labor Day.   Some people are wondering - “Where is the CARES Act 2?” Where are those updated forbearance options, eviction moratorium, the PayCheck Protection Program, and the $1,200 stimulus checks and the stepped-up weekly unemployment compensation?   In fact, Richmond Fed President Thomas Barkin had  good metaphor. He said: “Months ago, when we did the first stimulus, we thought the economy faced a pothole and the stimulus put a plate over it so we could navigate.    Now escalation of the virus may be making that pothole into a sinkhole and creating a need for a longer plate.” That’s the end of what the Fed President said.   Now, look, I think there’s a lot to be said for just letting the free market do it’s job.    But it’s a little hard to be in this laissez-faire, Austrian economics school of thought when some people could be suffering.     So that you know what I’m talking about, “lay-say-fare” basically means no government intervention into the free market.   Meanwhile, the rich are bingeing off Federal Reserve policy and liquidity injections that keep mortgage interest rates at historic lows and the S&P 500 at an all-time high.   Mortgage rates recently dipped below 3%, which is just amazing.   You don’t even have to be THAT rich … to benefit. If you’ve got substantial exposure to the real estate market or the stock market, chances are, that those assets are doing alright.   One thing that you need to keep in mind as an investor, is that, when the Fed puts rates on the floor, it affects more than just MORTGAGE rates - it affects other rates too - like savings account rates.   Just look at the rates at bank savings accounts.    Even if you’re in one of these online banks that give better yields than traditional brick-and-mortar banks - we’re talking about online-first banks like Ally Bank and Popular Bank - they were paying two-and-a-half percent on savings accounts not all that long ago.    Even those banks are now down to about three-quarters of one percent - probably less than the real rate of inflation.   So because savers get punished worse than ever right now, that, in turn, forces more people INTO things like real estate, because you’re in search of that yield.   Even retirees can’t rely on the paltry income from three-quarters of one percent yield so they have to go to the markets to chase yields too - sometimes unwillingly.   Well, when all these people that got negative REAL yield on savings accounts and CDs - and aren’t going to stand for it anymore, it forces more demand … and money into markets and consequently, floats the price of everything up.    That’s what’s going on now.   Now, I personally don't really like this deepening canyon between the "rich” and the “poor". But I know which side I'd rather be on.   Besides the investment properties, a lot of people want to move and shake-up their living situation like never before - their primary residence - and filter their new home-buying criteria on pandemic ways of life.   Bidding wars are rampant for single-family homes. How rampant are they? Well,  Zillow just reported their highest daily active user count ... ever.    Now, though property data can move even slower than your last 1031 Exchange did, Real Estate Economist Daren Blomquist just compiled THESE year-over-year price changes through quarter two.   You’ve heard Daren Blomquist on the show here. He broke this down this way:    City real estate is up +4% - again, this is all year-over-year through the second quarter. Town +4% Suburban +5% Rural +11%   The two sources are ATTOM Data Solutions and the U.S. Census Bureau.   So rural is appreciating the best. City and town is appreciating the least.    With time, I expect urban areas and apartments to slump. Of course, urban areas and apartments kind of go together.    In the pandemic, living in a lot of large apartment buildings has become about as fashionable as Jazzercise and The Atkins Diet.   Of course, at GRE, we've long focused on rental single-family homes. We’ve talked a little about apartments and you know that I started out with a four-plex & got my start in real estate that way.   This week, NAR Chief Economist Lawrence Yun noted:   " ... (There's) an oversupply of apartment buildings, especially in city centers given the evident recent shift in consumer preference for single-family homes in the suburbs.    Lawrence Yun continued: "Apartment rent growth could therefore be tough going ahead.   The rise of single-family units is welcome, as overall inventory of homes for sale are down 19% from one year ago and there is intense buyer competition in the market as a result." That’s the end of what Lawrence Yun said.   As long as your tenant can pay the rent, this is welcome news for your existing single-family rental homes - like the ones that you’ve acquired through GREturnkey.com.    It puts upward pressure on the price. So congratulations there.   The appetite for real assets, especially desirable rental single-family homes, now propelled by low inventory and low interest rates has put you in good shape if you’ve acted.   But of course, the COVID pandemic isn’t over. We don’t really know how all of this is going to turn out. And even when a vaccine is developed, remember that it will probably take … at least a few months to distribute it.   In my OWN portfolio, all of my single-family rental homes are occupied - 100%. But my apartment building vacancies are unusually high right now.   When we talk about apartment buildings and office buildings as well - Axios recently reported about how residents and workers are experiencing what they call “elevator anxiety”. I’ll put that in the Show Notes for you.    An elevator is one of the most physically, uncomfortable awkward places to be in the pandemic.   If you’re wondering about how that real estate looks - we’re generally talking about buildings that are four or more stories in height.   In fact, the ADA - the Americans with Disabilities Act - stipulates that properties with four or more stories generally are going to need to have an elevator.    I’ll tell ya - if apartment buildings are as unfashionable as the Adkins Diet these days, then being inside an elevator is about as hip as Jane Fonda workout videos, NordicTrack, and Sweatin' To The Oldies with Richard Simmons.   https://youtu.be/na9ZZ4ZjVa8?t=28     Oh geez. Did that really just happen? I guess it did. So … while we’re all processing that, getting back to real estate here.   Now, Fannie Mae and Freddie Mac recently said that they will start charging a 0.5% “adverse market fee” on all refinances, including both cash-out and non-cash-out refis. They were trying to put that new fee into effect for next month. What a drag that would be. So for every $200,000 you refinance, you’d have to pay an additional $1,000 fee - or maybe your lender would pay it. What Freddie Mac said is: “As a result of risk management and loss forecasting precipitated by COVID-19 related economic and market uncertainty, we are introducing a new … what they call ... Market Condition Credit Fee in Price”. Freddie sent in their notice to lenders. Wouldn’t that be an annoying fee? Well, almost immediately, the National Association of Mortgage Brokers struck back. They launched a campaign to reverse that newly announced one-half of one percent refinancing fee. We’ll see where that goes.   Now, things are really good for homebuilders these day. An index measuring homebuilder sentiment matched its highest level ever yesterday. Why? I mean, it’s simple. There is a healthy amount of DEMAND from buyers and not enough homes to meet it.  Also, the 30-year fixed mortgage rate bottomed out at 2.88% in August, the lowest point on record. Those low borrowing rates are boosting homebuyers' appetites … obviously. There really are a few recent stories that are de facto microcosms - reflections of this appetite for a work-from-home arrangement and less dense housing. For example, it’s really telling to look at what the outdoor clothing and gear company, REI just did. Do you like REI? I like shopping there. Even if you aren’t into outdoor stuff, you can always find a cool water bottle or something at REI. Well, they just announced plans to sell the lavish corporate campus that they had just finished building near Seattle.  REI executives concluded that employees were able to collaborate remotely better than the company originally THOUGHT ...so a massive physical HQ just wasn’t worth the cost any longer. So REI is selling what they had just built. Other real estate segments falling out of favor - are those high-density places, like you might expect - New York City and San Francisco.  StreetEasy reported that Manhattan home values dropped 4.2% since last year and homes are lingering on the market more two months longer … than they had just last year. San Francisco list prices are down 5% annually, while inventory is up 96%. Yes, a near doubling of available inventory in San Francisco. NYC and San Francisco were already the most expensive housing markets in the country BEFORE the pandemic. And life under lockdown has given people that nudge they had already been considering for years. And then, single-family homes in outlying areas are the real beneficiaries here. There have been a number of notable milestones. COLORADO SFH sales rose 21% July-over-July. The median price statewide in Colorado is now $444,000. Just looking at Denver, Denver just broke the $600K mark for the first time ever.   So, a few months into the pandemic, we’re getting a clearer sense of who the winners and losers are - a lot of them are what we expected.   If I had to slim it down to just a 3-word answer for you on why the rich are getting richer, those 3 words are: Federal Monetary Stimulus.   And the stimulus is disproportionately benefitting … asset owners.   Well, the pandemic hasn’t affected some real estate investors at all. Others, feel more reliant on the next government stimulus program to give their tenants the wherewithal to pay the rent.    Well, if you, as an investor want to have the majority of your rent income payment guaranteed to be made by the government to you over the long-term, well, that’s what landlords of tenants with HUD-funded “Section 8” housing have enjoyed for decades.   You have guaranteed rent income.    I think you remember that I had a turnkey provider that specializes in Section 8 housing here on the show on Get Rich Education Episode 297. So just ten show ago, which was 10 weeks ago.   Like any investment, Section 8 Housing is best viewed through a prism of pros and cons.    Section 8 is not for everybody. Some love it, some don’t … but this provider manages the Section 8 administration FOR you. They’ve got a great relationship with the housing authority.    That’s something that most landlords of this government-subsidized housing never had.    “Guaranteed rent income” has a nicer ring to it than it did just a year ago.   Get the provider report and learn more at GetRichEducation.com/Section8   That’s our Richmond, Virginia provider. In fact, CNBC named Virginia as the most business-friendly state in the entire nation.   I’m Keith Weinhold and I’m coming back to talk to you about inflation.    Again, learn more at GetRichEducation.com/Section8. This is Get Rich Education!   _________________   Hey, you’re back inside Get Rich Education. I’m your host, Keith Weinhold.   Both the pandemic-driven CARES Act, and whatever other monetary stimulus acts that follow … are injections of trillions of dollars into the economy.    In fact, it’s now driven our national debt to nearly $27 trillion dollars.   Of course, this has the effect of … money printing. It’s not literal money printing. The more you learn about it, it’s often U.S. government bond issuance.    A bond really just means that the government issues an I.O.U. that someone else, like China buys.    Those are some of the semantics behind, what we you can really more closely think of as “currency creation” rather than money printing.   Will this result in inflation? That’s the big question. Well, longer-term, many think, “yes”. Short-term, “no”. We are in a low demand environment.   Of course, as a real estate investor, you want inflation. You might have seen on the Get Rich Education YouTube Channel where, I have visually mapped out how you win “The Inflation Triple Crown”.   In fact, if you just Google the three words, “Inflation Triple Crown”, you can probably see me - as the first hit on Google - and you can watch me doing the whiteboard video.   As you’ll remember, real estate investors win the Inflation Triple Crown because inflation provides you with: #1 Asset Price Inflation, #2 Debt Debasement and #3 Cash Flow Enhancement - that all works terrifically when you’re leveraged.   There are more signs of inflation out there in the economy right now than we’ve seen in the recent past. Though I still expect it to be mild as long as we’re in this pandemic-driven low demand environment …   The consumer price index rose six-tenths of one percent last month. That beat the two-tenths expectation that economists had had.    Food are prices up substantially, and then, a substantial input to homebuilder pricing and therefore the future value of homes - is lumber - and lumber prices have been soaring higher.   Treasury Secretary Steven Mnuchin said that the administration is unfazed with these historically obscenely high levels of government spending … thanks to the nation’s very low interest rates.   See, the Fed is less concerned about mounting debt when the interest rate that THEY pay on their debt is low … much like you’re less concerned about your debt when the interest rate is so low - you might be looking to take on more debt now.   Of course, YOU’VE got a better deal on your real estate debt than the Federal Government does, because the Federal Government doesn’t have tenants to service their debt for them like you do in an occupied rental property.    Could America reach a STAGflationary state again like it did in the 1970s? We haven’t discussed the economic phenomena of stagflation before.   Do you know what that is? Stagflation is a stagnant economy with inflation. That’s what it means.   OK, usually a more stagnant economy - like we’re in now - is characterized by low inflation due to lower demand not running up the prices of consumer goods and household staples.   But again, stagflation means that there’s a stagnant economy WITH high inflation. Could THAT happen this decade?    To reinforce your learning here, let’s listen to the audio from this explainer video from One Minute Economics about stagflation.    This is less than a minute & a half in length.    https://youtu.be/YaC_PNKu_Cg   Yes, well, if we get stagflation, meaning again, a stagnant economy that we have high inflation, I don’t know that we’d have another Fed Chief like Paul Voelcker - who, 40 years ago, brazenly raised interest rates so aggressively to combat inflation that mortgage rates were 18% forty years ago.   I don’t know that anyone would prevent inflation from running away at that point.   But again, that’s STAGFLATION.    Now, I know what you might be thinking. Maybe you’re thinking that all of the Fed currency creation to pull us out of 2009’s Great Recession didn’t produce high inflation, so why would it be any different this time, with all these CURRENT cycles of massive dollar creation once again?   That would be a valid thing for you to think.   At least based on the official government numbers, we’ve only had about 2% monetary inflation in recent years.    Well, see. Though high inflation wasn’t the RESULT ten years ago, it might have actually been CREATED and you just didn’t know it. So, here’s what I mean.    Say that the expansion of globalization and technological advancement REALLY meant that we had NEGATIVE 5% inflation - another way to say that is that what if we WOULD HAVE had 5 points of deflation if they’re WEREN’T any excess dollar creation?.   But yet, all of the dollar creation after the Great Recession caused 7% inflation.   Well then, 5 points of DEflation offset by 7% INflation resulted in ... 2% inflation.   Think about it that way. Maybe something like that is what really happened … and that is why all of today’s currency creation COULD result in high inflation. We don’t know that it will. But that’s just one reason why it COULD.   Now, overall, to pull back and look at the state of housing in this pandemic-driven recession.    Housing has been - and continues to be - substantially better off in this recession THAN it was in the 2008 Great Recession - that event - twelve years ago, had a housing COLLAPSE as a driver. People left the keys and walked away from their homes back then.   Now, instead, we’ve got bidding wars for housing.    I want to temper that with a reminder that the pandemic is not over yet, and it could still take an unforeseen turn.   The bad part about this recession is that we’ve got higher unemployment than we did back then.   Now, the reasons that real estate is BETTER OFF in this recession compared to the last one is:   Housing Demand Exceeds Supply - that was in the OPPOSITE state last recession. Responsible Lending Prevailed - again, that was OPPOSITE of last time. We’ve Got Low Mortgage Rates - lower than they’ve ever been.  And We had No “Bubbly” Price Run-up before this recession, unlike what happened in the 2008 Great Recession.    They are … the key differences.    Coming up on a future episode here - we’re primarily a show about how buy-and-hold residential INVESTMENT property produces wealth for you - and how to avoid mistakes.   But so many people are re-evaluating their primary residence situation lately, that, coming up on the show, I’m going to go deep on - “Should You Rent Your Home Or Should You Own Your Home?”   There is some counterintuition and paradox here.    I’m going to give you a new twist on the fact that - if you pay rent, that is NOT The Same As Throwing Money Away     Also, some people seem to think that homeownership is like: "Renting. Except you get to keep it." That is false and that has caused millions of people to buy houses that they later regret.   Is your primary residence an investment? Do YOU consider it an investment? Well, in almost EVERY case it is a poor financial investment, but it could be a good lifestyle investment.    So, “Should You Rent Your Own Home Or Own Your Own Home that you live in.” That’s coming up on a future show.   Well, regardless of your living situation, pandemic-driven unemployment might have made you realize that … you need a durable, long-term 2nd source of income - if you don’t already have one.   Even if you aren’t losing your job, circumstances have hit close to home for a lot of people.    You can either let other people make money off your money, like the bank paying you 1% on your savings.    Or you can make money off OPM (like borrowing at a 5% mortgage to invest at 11% - or hopefully, a lot more than 11% with the (up to) five profit centers that real estate has.)    RE is that instrument of arbitrage.   As they say, you can either teach a man to fish or give a man a fish. Well, why not do both? That IS the abundance mindset afterall.    At GetRichEducation.com, we teach you how to fish.   At GREturnkey.com, we give you a fish too.   What is going on at GREturnkey?   Well, first, get your mortgage pre-approval at a reputable lender that specializes in investment property like Ridge Lending Group.   You’ll see at GREturnkey.com that Birmingham and Huntsville, AL have investor-advantaged numbers that work.   Pockets of Huntsville may have better appreciation if they’re tied to employment in the space industry.    Gosh, love him or hate him, Elon Musk gave us something to actually celebrate in an otherwise tough 2020 as he led the first private company to launch astronauts to space - emblematic of the burgeoning space industry - both Huntsville, AL and Orlando, Florida there at GREturnkey pick up on some of that.   We just discussed Chicago here last week. Chicago and Dayton, Ohio are two markets that keep sourcing existing inventory that they beautifully renovate, and both markets have rent-to-price ratios that are typically OVER 1%.   When you’re over 1% and mortgage interest rates are this low, it makes your affordability as an investor REALLY advantageous. That’s Chicago and Dayton.   Des Moines, Iowa is sourcing a little inventory lately - not as much as some of the other providers. That’s a stable place.   Florida is a bright spot for new construction turnkey property - Jacksonville, Tampa, and the aforementioned Orlando all sourcing brand new construction property.    When it’s NEW construction, your insurance cost is often really low too.   Memphis, Tennessee and Little Rock, Arkansas are both the SAME provider there at GREturnkey - and that provider name is MidSouthHomeBuyers. There you have lower price points and MidSouth Home Buyers is so good with beginners.   And then, Oklahoma City - the numbers work and some media outlets have named Oklahoma City as the most recession-resistant market in America. You’re getting a 1% rent-to-price ratio there too.   Finally, Richmond, Virginia - I mentioned them earlier. They specialize in knowing the ways and means of how to optimize Section 8 tenancies because they have a great relationship with the housing authority there.    Most, or really all of these markets that I mentioned are in the United States Midwest & South.    Florida - oddly enough - is not culturally the South - though it’s the most southeastern state there is - their history of net-in migration makes them culturally disparate from what we think of as the south, but …   … all these markets I mentioned are in investor-advantaged metros where you generally have more stable prices, and landlord-tenant law that favors your rights moreso than the tenant’s rights.    So these markets are hand-chosen pretty carefully for you.    Once you’re pre-qualified for a loan, find all those providers & a few more at GREturnkey.com.   I am honored because you have given me something … and that is that I have had the privilege of having your time today.    Until next week, I’m your host, Keith Weinhold. Don’t Quit Your Daydream!

For many years we have been told that KPI’s are essential to success and we’ve been told by many experts that they have the answers to the exact KPI’s that every business needs to ensure success. But what if KPI’s WEREN’T the most important factor to judge our team from, or benchmark ourselves against? What if the simple solution was KPA’s and their importance within your health and medical business. And for some people, even just knowing what a KPA is and how they differ from KPI’s is crucial to understanding first. So what’s more important…a KPI? or a KPA” What’s the difference? And why does it matter? All of these questions and more are answered in this episode. Jump in right now and get crystal clear about what they are, how they influence your business and which one is more important to future success in your business.

Wouldn’t you love to live, lead, and work in freedom? Traci Fenton is the founder and CEO of a global leadership and transformation company called WorldBlu. What makes her company special is their unique model called ‘Freedom at Work,’ and helping people find freedom in their lives is the WorldBlu’s mission. They’ve worked with Zappos, Groupon, WD40 and 65 other countries worldwide. Freedom vs. Fear Traci and WorldBlu teach people to live, lead, and work in freedom rather than fear. To do that, they tap into a deeper sense of love which results in freedom. In 20-something years of teaching this Traci realized something very important. Sometimes she would hit a brick wall with a company for no discernable reason. Traci discovered that most people have negative voices in their heads which directly affect self-worth, and if a CEO has self-worth issues, then they’re going to be threatened by employees with freedom. She shares one of the best - and worst - moments in her life at a Tony Robbins convention that drove this point home. And she also shares the profound reason why she doesn’t have the negative inner voice. The Self-Worth Test This isn’t a complicated test. In fact, you can do it right now. Answer this: On a scale of 1 to 10, how would you rate your self-worth right now, and why? When Traci was speaking to a room of about 100 CEOs, she asked them this question and asked them to raise their hands if they had an 8 or higher. You’d expect most of them to raise their hands; they’re successful CEOs, after all. But only 3 raised their hands. That’s one thing, but the more interesting part is when they answer the ‘why’ part of the question. Traci shares some of the answers she received when she asked why people ranked themselves lower. Why You Are a Perfect 10 True self-worth isn’t tied to anything outside of us. Our worth is inviolate and baked into who we are. Traci points out that our worth is separate from wanting to improve and always be better. She shares some of the common characteristics of people who understand their self-worth: joyous, humble, lifting others up, consistent, loving, and more. She shares something very profound: Your PURPOSE is your reason for being. Your MISSION is what you do with it. Traci shares a story about coaching her nieces and nephews the way she does adult CEOs, and the surprising revelation that came from it. The Ultimate Protective Factor Kevin and Traci can both agree that purpose is an anchor. It’s what protects you when the world presses in around you. Consider the connection between purpose and self-worth. When we have low self-worth, it’s ‘me’ thinking, whether it’s negative or not. But when our self-worth becomes higher, infused with purpose, the thinking turns outward and we’re committed to serving others. One exercise that Traci recommends is to have a mantra that you say to the ‘gremlins’ - the negative voices - as soon as they appear. She explains how this simple trick works and why it’s so effective. Final Thoughts Here’s a question to ask yourself when you’re dealing with negative gremlins and low self-worth. How would you handle the situation if you WEREN’T afraid, if you WEREN’T listening to those gremlins? Second, if you’re at a 4, what would it take to become a 5? Is it internal or external? Finally, if you decided to spend the rest of your day living and acting like a 10, what would that feel like? Traci encourages you to run an experiment for today: live it as a 10. Resources WorldBluThe Freedom-Centered Leader CourseLinkedInTwitterFreedom at Work Podcast

A very special episode for our frequent listeners. Your three favorites guests are back: Jessica Ellis (@baddestmamajama), Alisha Grauso (@AlishaGrauso), and Amanda Timpson (@amandarin) join host Emily Edwards (@MsEmilyEdwards) in studio to drag all the jerks of Game Of Thrones into the spotlight. The first question being, of course: were there really any characters who WEREN’T awful? --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/fuckboisoflit/message

I want to provide a bit of clarity from last week’s episode and expand on the topic of stress a bit more. Stress has become a chronic underlying feeling that dictates how a lot of us live our lives – and it makes sense! Living in the modern world with the minds we have is not easy territory to navigate, and we can give ourselves a big ol’ break for feeling anxious a lot of the time. It would be abnormal if we WEREN’T somewhat anxious to be honest.I also delve into some of the workings of the mind and the ego so that we can better understand where all of our craziness seems to be coming from. So let’s talk about why we tend towards stress and away from love, some questions we can ask ourselves to move away from stress and into love, and a few other random tangents.Go to linktr.ee/callanmt to sign up to my e-mail list!Follow/message me on Instagram @callanmtCover art: Olex Oleole

Fresh off the Oscars, Mari and Jeff jump right in and do NOT talk about this Oscars (YET… stay tuned for next week’s episode). Instead, Jeff shares a story about a shitty date, Mari and Jeff get pissed about Jussie Smollett and then they gab about the best Oscar speeches of all time! We’re talking Halle Berry, Charlie Chaplin, Tom Hanks, Cuba Gooding Jr., Sally Field, the works. Who would Mari and Jeff thank in an Oscar speech? They round out the episode discussing their favorite movies that WEREN’T nominated for Oscars this year. And don’t forget – Jeff does not have a cold and he really did forget his wallet. (Apologies ahead of time… a gigantic snow plow was going ham outside Mari’s apartment and you can hear it a bit in the background of this episode…)

Insider Lessons Gained from Launching Successful Products   Dale Backus has a story with ups and downs, hard work and wins, and some really amazing entrepreneurial lessons. He’s won crash the doritos contest not once but twice. He used some of these earnings to help fund his startup. That startup is now doing over $20m a year in revenue. That business is  SmallHD, a camera accessories company. Big wins for a young man of 31 years old.   Khierstyn and Dale are working together on a new project and it’s really exciting. Real world experience of taking a company from nothing, self funding, and growing an impressive revenue stream.   That’s why Dale  was invited on to the podcast. To give you a chance to hear from someone who has built from ground up, from 0 to 8 figures, and is now starting at 0 again.   [04:30] 10 Year Journey in a Nutshell   Dale tells us that he had an entrepreneurial spirit from young age. When it came time to graduate high school, he wanted to take his own route. He didn’t want to follow what parent’s desired path. He knew he had skills and that it was just a matter of making money.   “It’s always a matter of money right?” Dale laughs.   He started a production company called 5 Point Productions and shares that it’s not something he would recommend. Products make more sense  and it’s inherently harder to sell services. It was like a weight bearing down. They created some car ad, but he tells us that those are the worst. Then, the super bowl contest came along and they were inspired. It was only 4 days from deadline when they saw it, but they decided to go all in.   It was the first ever consumer sourced ad content contest - and they won. It was a pretty revolutionary marketing strategy at the time. A unique concept. That was the first of 10 years they ran the contest. It was unbelievable.   “We didn’t get a lot of money but we got a lot of credibility and an increase in business.” They leveraged that for 5 Point Productions. “We had some fun making things that WEREN’T local car ads.” Eventually the fame wore down and they were back to the grind. It just wasn’t working for them anymore.     In the process of running that company, they had to keep improving quality as they were getting bigger and working on accounts.  It was during this process that they discovered a need for this display to be able to plug in their HD camera into something they could monitor with. It wasn’t out there at the time, and decided to go out and build it.   Dale loves creating physical products, likes it more than sevices, and edged everyone towards launching the product. They launched SmallHD which was building these displays.   [10:40] Meeting Sales Without Inventory   It can be tough launching  product and meeting sales needs when you don’t yet have a physical product. Dale tells us that they tackled it head on. They threw together a few prototypes and crowdfunded themselves on their own website. Kickstarter wasn’t around because crowdfunding was still a new concept. They ran a 24 hour campaign pre-order and sold 60 units which opened up the possibilities. When they got money, they ordered parts. Orders would trickle in but it was slow. Then they developed a real product, something developed as the next step.   There were many lessons learned in the process. At first, Dale tells us that they fought against MOQ (minimum order quantity) for a new board for which they couldn't afford the MOQ investment. It so happens the Doritos contest popped up again around this time, though the prizes had increased dramatically.   Against wishes and recommendations from those around them, they decided to enter again. Long story short, they created 2 ads and both were selected as finalists.  One became the second best commercial and they won $600,000. This was the boost they needed to meet those MOQs.   It’s a Cinderella story, Dale shares, and it doesn’t always happen, but it did for them. That’s how they launched the company and grown it so much over the past 8 or 9 years.   What they learned is that going and meeting the producers in person, especially in overseas cultures like China, it goes a long way. “They build their sales on relationships” Dale explains. If you make these connections you can often work them down and get the MOQs to something more manageable.   [24:54] Best Decision for SmallHD   Every thriving businesses experience highs and lows. For Dale, the best decision was to stay focused. Along the path there were many opportunities to branch off or expand, but they stayed the course. Dale explains that the displays can work with and touch a lot of other technologies within the same vertical, so it’s natural to want to dabble in different opportunities.   Dale gives us some general advice. “It’s easy to get distracted by perceived opportunity. “ Until you dominate the space you are already in, why would go off and do something else? You must first achieve the primary goal of the primary focus first. That’s what they did.  Dale and his team wanted to make the best countertop displays in the world and they believe they’re almost there.   [27:15] To Swag or Not To Swag   When discussing focus,it stands to reason that the topic of swag comes up, because it can certainly take tame. The thing is, swag works.   You’re not trying to be the world leader in t-shirts, it’s an accessory. There should be limitations though.   There’s not a lot involved in swag like t-shirts. It’s about how much time it will take away from the main project and what resources it will divert. It shouldn’t slow you down from reaching that primary goal, it should be a support feature.   As an entrepreneur you need to, everyday, decide to work on the most impactful things. “I strongly recommend making sure there’s good people around you.“  Dales stress that having the right people around you is how you accomplish those supportive tasks without splitting focus. You are the leader. If you are working on mugs and t-shirts all the time, it may not be a good thing, but if you have someone to do it for you, it’s likely a good deal.   [29:38] Lessons Learned: Part One   Like most entrepreneurs, Dale insists that he has made an enumerable amount of mistakes. Reflecting on those mistakes is something he does frequently. Still, there’s the number one lessons Dale feels we should all learn.   Hire with purpose and have a hiring strategy. There are lots of things that could be problematic, but hiring properly can take care of 80% of those things.  Dale says, “Most of your time should be spent on hiring and developing people.” Only hire when necessary, not because it’s fun.   When they started, hiring was fun. It was a sign of growth, but what he didn’t understand was that you need to hire the right people. This is the number 1 thing. You see (and can clearly hear) that Dale has been burned which is why he is so passionate about it.   As a founder, you need to get people to believe in your vision. The smaller you are, the harder it is to do that. As a result, you hire those that are easy, that you’re comfortable with; friends and family. They know you and it’s easier to hire them as they are already supportive. However, they aren't always the best fits for your company.   Dales shares, “We hired the first 5-0 people and the were all friends or family.” When he hired his first team, he hired fast and hard, and didn’t get the right team. It meant major delays and nearly bankrupted them.   After learning that lesson, they have a great team now, and it’s helped grow the company by leaps and bounds. Bottom line, hire the right people.   [40:21] Lessons Learned: Part Two   Though since we got Dale rolling, we thought his second and third most impactful lessons would be good to dive into.   Dale’s number 2 -Don't over optimize too early. He shares that it’s very easy to want to do things the right way, almost to a fault. You can spend too much on big shiny systems before you need them.   Develop and spend as you need it. You shouldn't be bleeding because of a system. Before you start spending money on a system, you should be desperate for it. Keep your overhead as low as you can as long as you can.   Lesson 3 for Dale, is be more data driven, know your numbers. When they started, they didn’t have any idea what the number really were ever. Often they wondered where the money was. They were making money but there never seemed to be enough when it was needed. Know your margins, your costs of goods, your KPIs. It sounds corporate but it's’ really valuable. You don’t have to be rigid but you need to know what it’s going to cost you to get a customer. This helps you better know where to spend your time.   [42:13] Something Nifty This Way Comes   Before he signed off, Dale helped get us hyped up. He’s getting ready to launch a simple product business. He invented this product, and wants to get it out fast and hard. Dale’s working on learning more about online marketing. It’s time to get back into entrepreneurial side, the startup side.   Dale is launching Oh Snap, a cell phone accessory. Want to know more? We urge you to visit getohsnap.com.Dale can hardly contain his excitement about getting it out to the world.   As part of the new venture, Dale says that they are looking for a marketing person, looking for a marketing strategist so if this is you send email to dale@fornom.com   Nothing beats listening to the episode, so if you're reading this and you haven't tuned in, check it out above.     Episode Outline   Introduction: Insider Lessons Gained from Launching Successful Products   [04:30] 10 Year Journey in a Nutshell [10:40] Meeting Sales Without Inventory [23:42] Backetkit [24:54] Best Decision for SmallHD [27:15] To Swag or Not To Swag [29:38] Lessons Learned: Part One [40:21] Lessons Learned: Part Two [42:13] Something Nifty This Way Comes     Resources and Sponsor SmallHD getohsnap.com Crowdfunding Product Launch Guide Crowdfunding Product Launch Academy   Sponsor: BackerKit - use the code “uncut” to get 50% off setup services