Podcasts about investing

On this episode of the Passive Income Playbook, Pascal Wagner interviews Chris Miles, founder of Money Ripples and a former financial advisor who now teaches financial freedom through alternative investing and infinite banking. Chris shares his journey from traditional advisor to financially independent investor—twice—after losing it all in the 2008 crash. He discusses his transition from active real estate to LP investing, his diversification across asset classes like oil and gas, raw land, and multifamily, and why he values control, liquidity, and low liability as a passive investor. The episode also dives into Chris's unique take on infinite banking, including how he optimizes whole life insurance policies for tax-free returns and cash flow flexibility. Chris Miles Current Role: Founder of Money Ripples Based in: Utah Say hi to them at: moneyripples.com, or on social @moneyripples Get a 4-week trial, free postage, and a digital scale at ⁠https://www.stamps.com/cre⁠. Thanks to Stamps.com for sponsoring the show! Post your job for free at https://www.linkedin.com/BRE. Terms and conditions apply. Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at ⁠www.bestevercommunity.com⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Agenda: 00:00 Windsurf was dead—then this deal changed everything 05:00 The Windsurf x Google x Cognition saga explained 09:00 The OpenAI deal collapsed—what really happened 15:00 FTC rules forced a brutal deal structure—who lost? 17:00 The investors' returns: who actually made money? 21:30 Will Google's corp dev team get fired over this? 23:00 Cognition's genius $220M acquisition of Windsurf: Most brilliant Deal of the Year 26:00 The biggest recruiting flex in Silicon Valley this year 35:00 “Roll your own SaaS” is complete nonsense 38:00 Lovable vs Cursor vs Replit: who wins the coding war? 41:00 Why Lovable could be the ChatGPT of builders 44:00 Will these vibe-coded apps become durable businesses? 48:00 The shocking churn rates hidden inside AI SaaS 55:00 Are these $2B valuations actually... cheap? 56:30 Grok just destroyed GPT-4 in benchmarks—WTF?! 01:01:00 Why Grok might overtake OpenAI in the next 12 months 01:11:00 Meta just invested $3.5B in Ray-Bans—WTF? 01:12:30 Should every S&P 500 company buy Bitcoin now? 01:15:00 Will Meta kill open source? What happens to Llama 5?  

“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.”With those words, Warren Buffett reminded us that character and integrity matter—especially in the world of money. Now, after more than sixty years of market-shaping moves and famous one-liners, Buffett is calling it a career. Today, Matt Bell joins us to reflect on his legacy and share what timeless lessons every investor can learn from it.Matt Bell is the Managing Editor at Sound Mind Investing, an underwriter of Faith & Finance. A Track Record That's Hard to IgnoreIf you had invested $100 in Berkshire Hathaway back in 1965, that single investment would have grown to over $5.5 million by the end of last year. Compare that with the S&P 500 over the same period, which would have turned $100 into just $39,000. Clearly, Buffett did something different.One unconventional move? He never issued dividends for Berkshire Hathaway, instead reinvesting profits to increase share value. That patient, long-view approach paid off—and it hints at biblical principles like delayed gratification and wise stewardship (Proverbs 21:20).Buffett famously said, “Be fearful when others are greedy and greedy when others are fearful.” While Christians would rightly reject greed and fear as motivations, the deeper principle here is about remaining steady and disciplined in volatile times—echoing Proverbs 14:15: “The simple believe everything, but the prudent give thought to their steps.”Buffett often waited with cash on hand until the right opportunities appeared, especially during downturns. That patience and discernment mirrors biblical instruction to avoid impulsiveness and instead seek wisdom in decision-making.Investing Lessons With Biblical ParallelsOver the years, Buffett offered dozens of pithy insights that mirror biblical truth. Here are a few standouts:“If you don't find a way to make money while you sleep, you'll work until you die.”—This speaks to the wisdom of putting money to productive use—earning a return through thoughtful investing, a principle echoed in the Parable of the Talents (Matthew 25). “Risk comes from not knowing what you're doing.”—In Proverbs 15:22, we're reminded that “Plans fail for lack of counsel, but with many advisers they succeed.” Financial ignorance creates risk, but biblical stewardship calls for wisdom and learning. Diversification, emotional control, and long-term vision—Buffett emphasized all three. These align with a measured, prudent approach to money that Scripture continually encourages.Buffett never let global turmoil shake his confidence in long-term investing. He wrote, “In the 20th century, the U.S. endured world wars, recessions, a depression, oil shocks, and more—yet the Dow rose from 66 to 11,497.” His takeaway: “It's been a terrible mistake to bet against America.”While our hope as Christians isn't rooted in any one nation's economy, Buffett's long view reminds us of the value of endurance and not making decisions based on fear or short-term noise (see James 1:5–6).Generosity and LegacyPerhaps most inspiring is Buffett's commitment to give away 99% of his wealth. He plans to direct his Berkshire Hathaway shares toward philanthropic causes within ten years of his estate being settled. While we may differ on where those funds go, the posture of open-handed generosity reflects Jesus' teaching: “It is more blessed to give than to receive” (Acts 20:35).Buffett's success wasn't just about intellect—it was about character: discipline, patience, and generosity. These are values every believer is called to cultivate. As you manage your resources, consider how biblical principles—often echoed in even the most unlikely places—can shape a wise, faithful financial life.To explore these ideas further, read Matt Bell's full article, The Wisdom of Warren Buffett at SoundMindInvesting.org.On Today's Program, Rob Answers Listener Questions:I've never had a credit card before, but I recently received a pre-qualified offer from Capital One. They mentioned they've reviewed my credit and noticed I'm keeping up with my bills. Should I consider applying for this card, and how can I verify that the offer is legitimate?As a grandmother, I'm concerned that my grandchildren aren't learning essential financial skills from their parents. I'd love to step in and help, especially with my 20-year-old grandchild. What is the best way to encourage them to save money and manage their finances wisely?Over the past couple of years, God has really blessed me with increased income, and I'm incredibly grateful. I live simply, help my parents, and avoid lifestyle inflation—but I want to make sure I'm handling this increase in a way that honors God. How can I manage this money with biblical stewardship in mind?I'm in a strong financial position—no debt, and I tithe faithfully. I just received $15,000 from selling off some business assets and want to invest it wisely. I'd like it to earn a good return, but I also want it to remain accessible if needed. What are some smart options that fit my situation?Resources Mentioned:Faithful Steward: FaithFi's New Quarterly Magazine (Become a FaithFi Partner)Sound Mind InvestingThe Wisdom of Warren Buffett by Matt Bell (Sound Mind Investing Article)Bankrate | NerdwalletOpen Hands FinanceChristian Community Credit UnionWisdom Over Wealth: 12 Lessons from Ecclesiastes on MoneyLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

In this podcast, you'll receive valuable insights from eToro's Market Analyst, Sam North on the significant daily financial news, all within a concise time frame of under 5 minutes.

Now on Spotify Video! Podcasting isn't just content anymore; it's a tool to scale your business. After being rejected from radio, TV, and even her dream corporate job, Hala Taha launched the Young and Profiting podcast as a side hustle with no team and no solid plan. Today, she hosts a top-ranked business and entrepreneurship show and leads an award-winning social media and podcast agency on track to hit eight figures. In this episode, Hala shares how entrepreneurs and brands can leverage podcasting for business growth and reveals her blueprint for building a podcast empire from scratch. In this episode, Hala will discuss: (00:00) Introduction (03:24) Why Top Entrepreneurs Prioritize Podcasts (05:10) Leveraging Your Audience for Business Growth (12:25) Three Steps to Starting a Successful Podcast  (14:40) Monetizing Podcasts Without a Huge Following (18:09) Guest Networking: The $6 Million Business Strategy (22:49) The Four Key Principles for Podcast Growth (26:58) How Rejection Led Her to Become a Founder Hala Taha is the host of Young and Profiting, a top 10 business and entrepreneurship podcast on Apple and Spotify. She's the founder and CEO of YAP Media, an award-winning social media and podcast agency, as well as the YAP Media Network, where she helps renowned podcasters like Jenna Kutcher, Neil Patel, and Russell Brunson grow and monetize their shows. With her business on track to hit eight figures in 2025, Hala stands out as a leading creator-entrepreneur. Sponsored By: Shopify - Start your $1/month trial at Shopify.com/profiting. Indeed - Get a $75 sponsored job credit to boost your job's visibility at Indeed.com/PROFITING OpenPhone - Get 20% off your first 6 months at OpenPhone.com/profiting. Airbnb - Find a co-host at airbnb.com/host Boulevard - Get 10% off your first year at joinblvd.com/profiting when you book a demo Resources Mentioned: Hala's Podcast, Young and Profiting: bit.ly/_YAP-apple  Goal Digger Podcast by Jenna Kutcher: bit.ly/TGDP-apple  The Russell Brunson Show by Russell Brunson: bit.ly/TRBS-apple  Financial Feminist by Tori Dunlap: bit.ly/FF-apple  Earn Your Happy by Lori Harder: bit.ly/EYH-apple  Active Deals - youngandprofiting.com/deals  Key YAP Links Reviews - ratethispodcast.com/yap YouTube - youtube.com/c/YoungandProfiting LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ Social + Podcast Services: yapmedia.com Transcripts - youngandprofiting.com/episodes-new  Entrepreneurship, Entrepreneurship Podcast, Business, Business Podcast, Self Improvement, Self-Improvement, Personal Development, Starting a Business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side Hustle, Startup, Mental Health, Career, Leadership, Mindset, Health, Growth Mindset, Business podcast, Startup, Starting a Business, Passive income, Online Business, Solopreneur

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureFrom 2004 to present day the number of first time homebuyers have been cut in half. The [CB] system works against the people. Trump is now preparing the country for the constitutional reset where he will move the country off of the fiat currency. Gold is now signaling that the fiat system is failing. The Genius Act is the key. The [DS] is playing right into Trump's trap. He has created chaos which exposes the shills and [DS] players and sets the stage for what is coming. Trump has brought attention from all sides to look at the Epstein investigation. This is part of the plan. All three movies will be playing at the same time and all of these movies are connected to the [DS] system. The people are being prepped for what is to come.   Economy https://twitter.com/unusual_whales/status/1945090216793981336 (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); BREAKING REPORT: President Trump Drafted Letter to Fire Jerome Powell… But Trump Says ‘Highly Unlikely' He will Fire Fed Chair  It was reported on Wednesday that President Trump drafted a letter to fire Fed Chair Jerome Powell. On Tuesday evening, Rep. Anna Paulina Luna said Powell's firing was imminent. President Trump on Wednesday said it is ‘highly unlikely' he will fire the Fed Chair. Source: thegatewaypundit.com   will have Complete and Total Access to the Indonesian Market of over 280 million people. In addition, Indonesia will pay the United States a 19% Tariff on all Goods they export to us, while U.S. Exports to Indonesia are to be Tariff and Non Tariff Barrier FREE. If there is any Transshipment from a higher Tariff Country, then that Tariff will be added on to the Tariff that Indonesia is paying. Thank you to the People of Indonesia for your friendship and commitment to balancing our Trade Deficit. We will keep DELIVERING for the American People, and the People of Indonesia! Apple Backs Donald Trump in Rare Earth Minerals Push by Investing $500 Million in U.S. Mine Tech giant Apple is backing President Donald Trump in a push for rare earth minerals, and is expected to announce a $500 million investment in the only rare earth mine currently operating in the United States. Apple plans to invest $500 million in the Las Vegas-based rare earth mining company, MP Materials,   The White House, meanwhile, is calling the deal a “major win” for the Trump administration. “This is a huge win for the president, who has the foresight to make this issue a priority,” a senior White House official told Fox News. “Apple deserves a lot of credit for stepping up. It's good for the country, good for American workers, and it'll prove to be good business, too.” “Other companies should take notice,” the White House official added. The deal also includes building a new recycling facility in Mountain Pass, California, which will reportedly reprocess materials from used electronics to be used in future Apple products. Moreover, Apple and MP Materials plan to build another facility in Fort Worth, Texas, to create magnets that will be used in the tech giant's products, as well as other electronics around the world, sources told Fox News. Apple has previously announced significant expansions to its manufac...

EU: INVESTING IN EASTERN EUROPE. JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN. DEECEMBER 1957

On episode 421 of Animal Spirits, ⁠⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠⁠⁠ discuss a nervous stock market rally, U.S. corporate exceptionalism, how the stock market bottoms, the worst decade ever for bonds, rich people who don't feel rich, Apple vs. Meta, Bitcoin's market cap, the upper middle class is getting too crowded, private equity vs. youth sports and more. This episode is sponsored by YCharts and Flat Rock Global. Get 20% off your initial YCharts Professional subscription when you start your free trial through Animal Spirits (new customers only). Sign up at: https://go.ycharts.com/animal-spirits Flat Rock funds are available exclusively to RIAs, Family Offices, and Institutional Investors. Visit https://flatrockglobal.com/animalspirits to learn more. Sign up for The Compound newsletter and never miss out: ⁠⁠⁠⁠⁠⁠⁠⁠⁠thecompoundnews.com/subscribe⁠⁠⁠⁠⁠⁠⁠⁠⁠ Find complete show notes on our blogs: Ben Carlson's ⁠⁠⁠⁠⁠⁠⁠⁠⁠A Wealth of Common Sense⁠⁠⁠⁠⁠⁠⁠⁠⁠ Michael Batnick's ⁠⁠⁠⁠⁠⁠⁠⁠⁠The Irrelevant Investor⁠⁠⁠⁠⁠⁠⁠⁠⁠ Feel free to shoot us an email at ⁠⁠⁠⁠⁠⁠⁠⁠⁠animalspirits@thecompoundnews.com⁠⁠⁠⁠⁠⁠⁠⁠⁠ with any feedback, questions, recommendations, or ideas for future topics of conversation.   Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠⁠. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Jason Vitug, award-winning, best-selling author, speaker and entrepreneur joins the Journey to Launch podcast to discuss why money is a path to happiness, but it doesn't embody it. Jason, once a corporate ladder climber, found himself stressed out, burnt-out and living a life he was no longer aligned with. Through trial and error… and rest, Jason discovered the intrinsic connection between mental health and money and how people can move forward to a healthier, happier path on their financial freedom journeys.  In this episode, we also discuss: Quiet Quitting: what it is, why you need an exit plan and taking advantage of ALL your work perks What happiness dimensions are, why you need to implement them in your day-to-day life + actionable steps to make that happen TODAY The reality of knowing yourself and what makes you happy outside of a financial number or achievement  Why we need mental breaks, buying happiness by spending on wellness, stepping off the hamster wheel + more Other related blog posts/links mentioned in this episode: Check out Jason's book: Happy Money Happy Life: A Multidimensional Approach to Health, Wealth, and Financial Freedom Small Steps To Reach Big Dreams + Going From An Observer To Main Player In Your Life Apply to Share Your Journeyer Story here. Join the Journey to Launch Book Club to dive deeper into financial freedom with guided discussions and resources here!  Get your copy of my book: Your Journey To Financial Freedom! Join The Weekly Newsletter List to get updates, deals & more! Leave Your Journey To Financial Freedom a review! Get The Budget Bootcamp Check out my personal website here. Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast! YNAB –  Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link. What stage of the financial journey are you on? Are you working on financial stability or work flexibility? Find out with this free assessment and get a curated list of the 10 next best episodes for you to listen to depending on your stage. Check it out here! Connect with Jason: Website Instagram:@Phroogal Twitter:@JasonVitug Connect with me: Instagram: @Journeytolaunch Twitter: @JourneyToLaunch Facebook: @Journey To Launch Join the Private Facebook Group Join the Waitlist for My FI Course Get The Free Jumpstart Guide

U.S. tariffs have had limited impact so far on inflation and corporate earnings. Our Head of Corporate Credit Research Andrew Sheets explains why – and when – that might change.Read more insights from Morgan Stanley.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Head of Corporate Credit Research at Morgan Stanley. Today I'm going to talk about why tariffs are showing up everywhere – but the data; and why we think this changes this quarter. It's Wednesday, July 16th at 2pm in London. Investors have faced tariff headlines since at least February. The fact that it's now mid-July and markets are still grinding higher is driving some understandable skepticism that they're going to have their promised impact. Indeed, we imagine that maybe more of one of you is groaning and saying, ‘What? Another tariff episode?' But we do think this theme remains important for markets. And above all, it's a factor we think is going to hit very soon. We think it's kind of now – the third quarter – when the promised impact of tariffs on economic data and earnings really start to come through. My colleague Jenna Giannelli and I discussed some of the reasons why, on last week's episode focused on the retail sector. But what I want to do next is give a little bit of that a broader context. Where I want to start is that it's really about tariff impact picking up right about now. The inflation readings that we got earlier this week started to show US core inflation picking up again, driven by more tariff sensitive sectors. And while second quarter earnings that are being reported right about now, we think will generally be fine, and maybe even a bit better than expected; the third quarter earnings that are going to be generated over the next several months, we think those are more at risk from tariff related impact. And again, this could be especially pronounced in the consumer and retail sector. So why have tariffs not mattered so much so far, and why would that change very soon? The first factor is that tariff rates are increasing rapidly. They've moved up quickly to a historically high 9 percent as of today; even with all of the pauses and delays. And recently announced actions by the US administration over just the last couple of weeks could effectively double this rate again -- from 9 percent to somewhere between 15 to 20 percent.A second reason why this is picking up now is that tariff collections are picking up now. US Customs collected over $26 billion in tariffs in June, which annualizes out to about 1 percent of GDP, a very large number. These collections were not nearly as high just three months ago. Third, tariffs have seen pauses and delayed starts, which would delay the impact. And tariffs also exempted goods that were in transit, which can be significant from goods coming from Europe or Asia; again, a factor that would delay the impact. But these delays are starting to come to fruition as those higher tariff collections and higher tariff rates would suggest. And finally, companies did see tariffs coming and tried to mitigate them. They ordered a lot of inventory ahead of tariff rates coming into effect. But by the third quarter, we think they've sold a lot of that inventory, meaning they no longer get the benefit. Companies ordered a lot of socks before tariffs went into effect. But by the third quarter and those third quarter earnings, we think they will have sold them all. And the new socks they're ordering, well, they come with a higher cost of goods sold. In short, we think it's reasonable to expect that the bulk of the impact of tariffs and economic and earnings data still lies ahead, especially in this quarter – the third quarter of 2025. We continue to think that it's probably in August and September rather than June-July, where the market will care more about these challenges as core inflation data continues to pick up. For credit, this leaves us with an up in quality bias, especially as we move through that August to September period. And as Jenna and I discussed last week, we are especially cautious on the retail credit sector, which we think is more exposed to these various factors converging in the third quarter. Thank you as always for your time. If you find Thoughts on the Market useful, let us know by leaving a review wherever you listen; and also tell a friend or colleague about us today.

Our analysts Paul Walsh, James Lord and Marina Zavolock discuss the dollar's decline, the strength of the euro, and the mixed impact on European equities.Read more insights from Morgan Stanley.----- Transcript -----Paul Walsh: Welcome to Thoughts on the Markets. I'm Paul Walsh, Morgan Stanley's Head of European Product. And today we're discussing the weakness we've seen year-to-date in the U.S. dollar and what this means for the European stock market.It's Tuesday, July the 15th at 3:00 PM in London.I'm delighted to be joined by my colleagues, Marina Zavolock, Morgan Stanley's Chief European Equity Strategist, and James Lord, Morgan Stanley's Chief Global FX Strategist.James, I'm going to start with you because I think we've got a really differentiated view here on the U.S. dollar. And I think when we started the year, the bearish view that we had as a house on the U.S. dollar, I don't think many would've agreed with, frankly. And yet here we are today, and we've seen the U.S. dollar weakness proliferating so far this year – but actually it's more than that.When I listen to your view and the team's view, it sounds like we've got a much more structurally bearish outlook on the U.S. dollar from here, which has got some tenure. So, I don't want to steal your thunder, but why don't you tell us, kind of frame the debate, for us around the U.S. dollar and what you're thinking.James Lord: So, at the beginning of the year, you're right. The consensus was that, you know, the election of Donald Trump was going to deliver another period of what people have called U.S. exceptionalism.Paul Walsh: Yeah.James Lord: And with that it would've been outperformance of U.S. equities, outperformance of U.S. growth, continued capital inflows into the United States and outperformance of the U.S. dollar.At the time we had a slightly different view. I mean, with the help of the economics team, we took the other side of that debate largely on the assumption that actually U.S. growth was quite likely to slow through 2025, and probably into 2026 as well – on the back of restrictions on immigration, lack of fiscal stimulus. And, increasingly as trade tariffs were going to be implemented…Paul Walsh: Yeah. Tariffs, of course…James Lord: That was going to be something that weighed on growth.So that was how we set out the beginning of the year. And as the year has progressed, the story has evolved. Like some of the other things that have happened, around just the extent to which tariff uncertainty has escalated. The section 899 debate.Paul Walsh: Yeah.James Lord: Some of the softness in the data and just the huge amounts of uncertainty that surrounds U.S. policymaking in general has accelerated the decline in the U.S. dollar. So, we do think that this has got further to go. I mean, the targets that we set at the beginning of the year, we kind of already met them. But when we published our midyear outlook, we extended the target.So, we may even have to go towards the bull case target of euro-dollar of 130.Paul Walsh: Mm-hmm.James Lord: But as the U.S. data slows and the Fed debate really kicks off where at Morgan Stanley U.S. Economics research is expecting the Fed to ultimately cut to 2.5 percent...Paul Walsh: Yeah.Lord: That's really going to really weigh on the dollar as well. And this comes on the back of a 15-year bull market for the dollar.Paul Walsh: That's right.James Lord: From 2010 all the way through to the end of last year, the dollar has been on a tear.Paul Walsh: On a structural bull run.James Lord: Absolutely. And was at the upper end of that long-term historical range. And the U.S. has got 4 percent GDP current account deficit in a slowing growth environment. It's going to be tough for the dollar to keep going up. And so, we think we're sort of not in the early stages, maybe sort of halfway through this dollar decline. But it's a huge change compared to what we've been used to. So, it's going to have big implications for macro, for companies, for all sorts of people.Paul Walsh: Yeah. And I think that last point you make is absolutely critical in terms of the implications for corporates in particular, Marina, because that's what we spend every hour of every working day thinking about. And yes, currency's been on the radar, I get that. But I think this structural dynamic that James alludes to perhaps is not really conventional wisdom still, when I think about the sector analysts and how clients are thinking about the outlook for the U.S. dollar.But the good news is that you've obviously done detailed work in collaboration with the floor to understand the complexities of how this bearish dollar view is percolating across the different stocks and sectors. So, I wondered if you could walk us through what your observations are and what your conclusions are having done the work.Marina Zavolock: First of all, I just want to acknowledge that what you just said there. My background is emerging markets and coming into covering Europe about a year and a half ago, I've been surprised, especially amid the really big, you know, shift that we're seeing that James was highlighting – how FX has been kind of this secondary consideration. In the process of doing this work, I realized that analysts all look at FX in different way. Investors all look at FX in different way. And in …Paul Walsh: So do corporates.Marina Zavolock: Yeah, corporates all look at FX in different way. We've looked a lot at that. Having that EM background where we used to think about FX as much as we thought about equities, it was as fundamental to the story...Paul Walsh: And to be clear, that's because of the volatility…Marina Zavolock: Exactly, which we're now seeing now coming into, you know, global markets effectively with the dollar moves that we've had. What we've done is created or attempted to create a framework for assessing FX exposure by stock, the level of FX mismatches, the types of FX mismatches and the various types of hedging policies that you have for those – particularly you have hedging for transactional FX mismatches.Paul Walsh: Mm-hmm.Marina Zavolock: And we've looked at this from stock level, sector level, aggregating the stock level data and country level. And basically, overall, some of the key conclusions are that the list of stocks that benefit from Euro strength that we've identified, which is actually a small pocket of the European index. That group of stocks that actually benefits from euro strength has been strongly outperforming the European index, especially year-to-date.Paul Walsh: Mm-hmm.Marina Zavolock: And just every day it's kind of keeps breaking on a relative basis to new highs. Given the backdrop of James' view there, we expect that to continue. On the other hand, you have even more exposure within the European index of companies that are being hit basically with earnings, downgrades in local currency terms. That into this earning season in particular, we expect that to continue to be a risk for local currency earnings.Paul Walsh: Mm-hmm.Marina Zavolock: The stocks that are most negatively impacted, they tend to have a lot of dollar exposure or EM exposure where you have pockets of currency weakness as well. So overall what we found through our analysis is that more than half of the European index is negatively exposed to this euro and other local currency strength. The sectors that are positively exposed is a minority of the index. So about 30 percent is either materially or positively exposed to the euro and other local currency strength. And sectors within that in particular that stand out positively exposed utilities, real estate banks. And the companies in this bucket, which we spend a lot of time identifying, they are strongly outperforming the index.They're breaking to new highs almost on a daily basis relative to the index. And I think that's going to continue into earning season because that's going to be one of the standouts positively, amid probably a lot of downgrades for companies who have translational exposure to the U.S. or EM.Paul Walsh: And so, let's take that one step further, Marina, because obviously hedging is an important part of the process for companies. And as we've heard from James, of a 15-year bull run for dollar strength. And so most companies would've been hedging, you know, dollar strength to be fair where they've got mismatches. But what are your observations having looked at the hedging side of the equation?Marina Zavolock: Yeah, so let me start with FX mismatches. So, we find that about half of the European index is exposed to some level of FX mismatches.Paul Walsh: Mm-hmm.Marina Zavolock: So, you have intra-European currency mismatches. You have companies sourcing goods in Asia or China and shipping them to Europe. So, it's actually a favorable FX mismatch. And then as far as hedging, the type of hedging that tends to happen for companies is related to transactional mismatches. So, these are cost revenue, balance sheet mismatches; cashflow distribution type mismatches. So, they're more the types of mismatches that could create risk rather than translational mismatches, which are – they're just going to happen.Paul Walsh: Yeah.Marina Zavolock: And one of the most interesting aspects of our report is that we found that companies that have advanced hedging, FX hedging programs, they first of all, they tend to outperform, when you compare them to companies with limited or no hedging, despite having transactional mismatches. And secondly, they tend to have lower share price volatility as well, particularly versus the companies with no hedging, which have the most share price volatility.So, the analysis, generally, in Europe of this most, the most probably diversified region globally, is that FX hedging actually does generate alpha and contributes to relative performance.Paul Walsh: Let's connect the two a little bit here now, James, because obviously as companies start to recalibrate for a world where dollar weakness might proliferate for longer, those hedging strategies are going to have to change.So just any kind of insights you can give us from that perspective. And maybe implications across currency markets as a result of how those behavioral changes might play out, I think would be very interesting for our listeners.James Lord: Yeah, I think one thing that companies can do is change some of the tactics around how they implement the hedges. So, this can revolve around both the timing and also the full extent of the hedge ratios that they have. I mean, some companies who are – in our conversations with them when they're talking about their hedging policy, they may have a range. Maybe they don't hedge a 100 percent of the risk that they're trying to hedge. They might have to do something between 80 and a hundred percent. So, you can, you can adjust your hedge ratios…Paul Walsh: Adjust the balances a bit.James Lord: Yeah. And you can delay the timing of them as well.The other side of it is just deciding like exactly what kind of instrument to use to hedge as well. I mean, you can hedge just using pure spot markets. You can use forward markets and currencies. You can implement different types of options, strategies.And I think this was some of the information that we were trying to glean from the survey was this question that Marina was asking about. Do you have a limited or advanced hedging program? Typically, we would find that corporates that have advanced programs might be using more options-based strategies, for example. And you know, one of the pieces of analysis in the report that my colleague Dave Adams did was really looking at the effectiveness of different strategies depending on the market environment that we're in.So, are we in a sort of risk-averse market environment, high vol environment? Different types of strategies work for different types of market environments. So, I would encourage all corporates that are thinking about implementing some kind of hedging strategy to have a look at that document because it provides a lot of information about the different ways you can implement your hedges. And some are much more cost effective than others.Paul Walsh: Marina, last thought from you?Marina Zavolock: I just want to say overall for Europe there is this kind of story about Europe has no growth, which we've heard for many years, and it's sort of true. It is true in local currency terms. So European earnings growth now on consensus estimates for this year is approaching one percent; it's close to 1 percent. On the back of the moves we've already seen in FX, we're probably going to go negative by the time this earning season is over in local currency terms. But based on our analysis, that is primarily impacted by translation.So, it is just because Europe has a lot of exposure to the U.S., it has some EM exposure. So, I would just really emphasize here that for investors; so, investors, many of which don't hedge FX, when you're comparing Europe growth to the U.S., it's probably better to look in dollar terms or at least in constant currency terms. And in dollar terms, European earnings growth at this point are 7.6 percent in dollar terms. That's giving Europe the benefit for the euro exposure that it has in other local currencies.So, I think these things, as FX starts to be front of mind for investors more and more, these things will become more common focus points. But right now, a lot of investors just compare local currency earnings growth.Paul Walsh: So, this is not a straightforward topic, and we obviously think this is a very important theme moving through the balance of this year. But clearly, you're going to see some immediate impact moving through the next quarter of earnings.Marina and James, thanks as always for helping us make some sense of it all.James Lord: Thanks, Paul.Marina Zavolock: Thank you.Paul Walsh: And to our listeners out there, thank you as always for tuning in.If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.

We explore the compelling questions surrounding artificial intelligence. Will AI create more new jobs than it destroys? Is AI already destroying jobs? Are we seeing overinvestment in companies and infrastructure in the AI space? Is there evidence that AI has increased productivity?SponsorsMoney for the Rest of Us PlusAsset CampShow NotesBehind the Curtain: A white-collar bloodbath by Jim VandeHei and Mike Allen—AxiosYuval Noah Harari Statement - Post by Nunki08—RedditChallenger Report June 2025—Challenger, Gray & ChristmasEntry level jobs fall by nearly a third since ChatGPT launch by Karl Matchett—The IndependentStrategic Insights for M&A in the Evolving AI Market—S&P GlobalNvidia Becomes First Public Company Worth $4 Trillion by Tripp Mickle—The New York TimesSilicon Valley is racing to build the first $1trn unicorn—The EconomistHow to use generative AI to augment your workforce by Betsy Vereckey—MIT ManagementHumans must remain at the heart of the AI story by Marc Benioff—The Financial TimesThe AI Industry Is Radicalizing by Matteo Wong—The AtlanticTASKS, AUTOMATION, AND THE RISE IN U.S. WAGE INEQUALITY by DARON ACEMOGLU AND PASCUAL RESTREPO—EconometricaMyPillow CEO's lawyers fined for AI-generated court filing in Denver defamation case by Olivia Prentzel—The Colorado SunWhich Workers Will A.I. Hurt Most: The Young or the Experienced? by Noam Scheiber—The New York TimesGenerative AI at Work by Erik Brynjolfsson, Danielle Li, Lindsey Raymond—Oxford AcademicThe Illusion of Thinking: Understanding the Strengths and Limitations of Reasoning Models via the Lens of Problem Complexity by Parshin Shojaee et al.—AppleRelated Episodes507: Where You Live Matters – How Geography Contributes to Wealth457: AI's Fork in the Road: Societal Bliss or Existential Threat439: How and Why to Invest in AI417: Will Generative AI Replace Your Job?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3214: Wanderer challenges the conventional wisdom of using debt to invest, especially when buying a home. Drawing on lessons from the 2008 financial crisis, he argues that paying cash for a modest house can safeguard your portfolio, protect you from forced asset sales during downturns, and help avoid overextending on housing costs. Read along with the original article(s) here: https://www.millennial-revolution.com/invest/workshop-invest/investment-workshop-39-investing-debt/ Quotes to ponder: "Home equity is dead money. And it will remain dead money that you can't access until you sell the damned house." "When financial companies run into trouble, it's entirely in their right to call whatever debt they have and force you to pay it off immediately." "That's why I'd pay with cash. It avoids debt which would force you to sell your portfolio at a loss if a crisis happens, and it keeps you from buying too much house." Episode references: Root of Good: https://rootofgood.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover what's happening with inflation and the one inflation surprise.  Are you investing well for financial freedom...or not? Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle. If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars. Your compounding rate, and how well you invest, matters!  INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE? - Invest in stock ETFs, private equity and digital assets for potential high compounding rates - Asset allocation model with ticker symbols and % to invest -Monthly LIVE investment webinars with Linda, with Q & A -Private VIP Facebook group with daily interaction -Weekly investment commentary from Linda -Optional 1-on-1 tech team support for digital assets -Join, pay once, have lifetime access! NO recurring fees. -US and foreign investors, no minimum $ amount to invest For a limited time, enjoy a 50% savings on my private investing group, the Be Wealthy & Smart VIP Experience. Pay once and enjoy lifetime access without any additional cost. Enter "SAVE50" to save 50% here: http://tinyurl.com/InvestingVIP Or have a complimentary conversation to answer your questions. Request a free appointment to talk with Linda here: https://tinyurl.com/TalkWithLinda (yes, you talk to Linda!). WANT HELP AVOIDING IRS AUDITS? #Ad Stop worrying about IRS audits and get advance warning at Crypto Tax Audit, here. PLEASE REVIEW THE PODCAST ON ITUNES If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it! SUBSCRIBE TO BE WEALTHY & SMART Click Here to Subscribe Via iTunes Click Here to Subscribe Via Stitcher on an Android Device Click Here to Subscribe Via RSS Feed   PLEASE LEAVE A BOOK REVIEW FOR THE CRYPTO INVESTING BOOK Get my book, "3 Steps to Quantum Wealth: The Wealth Heiress' Guide to Financial Freedom by Investing in Cryptocurrencies". After you purchase the book, go here for your Crypto Book bonus: https://lindapjones.com/bookbonus PLEASE LEAVE A BOOK REVIEW FOR WEALTH BOOK Leave a book review on Amazon here. Get my book, “You're Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!” Men love it too! After all, you are Wealth Heirs. :) Available for purchase on Amazon. International buyers (if you live outside of the US) get my book here. WANT MORE FROM LINDA? Check out her programs. Join her on Instagram. WEALTH LIBRARY OF PODCASTS Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics. SPECIAL DEALS #Ad Apply for a Gemini credit card and get FREE XRP back (or any crypto you choose) when you use the card. Charge $3000 in first 90 days and earn $200 in crypto rewards when you use this link to apply and are approved: https://tinyurl.com/geminixrp This is a credit card, NOT a debit card. There are great rewards. Set your choice to EARN FREE XRP! #Ad Protect yourself online with a Virtual Private Network (VPN). Get 3 MONTHS FREE when you sign up for a NORD VPN plan here.  #Ad To safely and securely store crypto, I recommend using a Tangem wallet. Get a 10% discount when you purchase here. #Ad If you are looking to simplify your crypto tax reporting, use Koinly. It is highly recommended and so easy for tax reporting. You can save $20, click here. Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America's Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom.  (Some links are affiliate links. There is no additional cost to you.)

In this episode, we explore the journey of retirement through the eyes of Brad, a member of the Rock Retirement Club. Brad shares his experience of moving to The Villages in Florida, detailing his decision-making process, the community's offerings, and how it has transformed his retirement lifestyle. Join us as we uncover valuable insights and tips for anyone considering retirement living, all while enjoying the vibrant atmosphere of this unique community.OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MANA MINI CASE STUDY[01:30] Roger introduces Brad and asks how he discovered The Villages Retirement Community in Florida.[09:30] Roger asks Brad what led them to explore 55+ communities.[11:35] Brad explains how The Villages community is organized.[19:14] Roger asks Brad what advice he would give to someone exploring places to retire.TODAY'S SMART SPRINT SEGMENT[22:09] In the next seven days, think about where you are going to live in retirement.RESOURCESThe Villages CommunityRock Retirement ClubFOLLOW US ON SOCIALSFollow Us on Facebook!Follow Us on Instagram

Today's first caller owns a couple of rental properties alongside her husband. As they reach retirement age, what's the best investment type? Should they open a self-directed IRA or buy properties in other ways? That's the first question I'm answering on today's show! This encore episode of Investing in Real Estate features three of your investing questions on topics like retirement, the best incentives of investing in the US from overseas, and how to decide if you should convert your home into a rental property. As always, I appreciate your great questions, and I hope you find this episode helpful on your real estate investing journey.

Jul 16, 2025 –This podcast is a replay of one of our most fascinating book interviews, The Dark Cloud. In this conversation, award-winning investigative journalist Guillaume Pitron takes us behind the scenes of our digital world to uncover the immense...

Crypto News: The GENIUS and CLARITY Act fail to pass in Congress but President Trump says the stablecoin bill will pass tomorrow. Standard Chartered becomes first global bank to offer institutional Bitcoin and Ethereum trading.Show Sponsor - ✅ VeChain is a versatile enterprise-grade L1 smart contract platform https://www.vechain.org/ 

“Keep your life free from love of money, and be content with what you have, for he has said, ‘I will never leave you nor forsake you.'” - Hebrews 13:5Sports betting is more popular—and more accepted—than ever, even among Christians. But is it just harmless fun, or something more? Dr. David W. Jones returns to our financial ethics series to help us examine what Scripture says about gambling and how believers should approach it.Dr. David W. Jones is Senior Professor of Christian Ethics at Southeastern Baptist Theological Seminary. He holds a Ph.D. in Christian Financial Ethics and is the author of Every Good Thing: An Introduction to the Material World and the Common Good for Christians.What Does Scripture Say About Gambling?Proverbs 13:11 reminds us that:“Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.”Gambling, which includes sports betting, bypasses God's designed rhythm of work and reward. 1 Timothy 6:9 warns that the desire to get rich quickly leads people into “ruin and destruction.” These verses challenge the notion that a fast win is simply a blessing—it may erode character.Is it always wrong to bet on a game with friends? Not necessarily. A one-time bracket pool during March Madness may not signal a deep moral compromise. But we must ask: Is this behavior occasional and harmless, or has it become habitual and idolatrous?The difference lies in the heart. It's not that gambling created the idolatry of money or sports—it revealed it. And perhaps in God's grace, it's giving us an opportunity to examine what we truly worship.The Stewardship QuestionEvery financial decision we make is a stewardship decision. Psalm 24:1 reminds us:“The earth is the Lord's and everything in it.”So before we spend God's money—even on entertainment—we must ask: Is this wise? Does this reflect my faith? Does it honor the Lord?We must start to think through whether our spending on gambling—even recreationally—glorifies God. That doesn't mean all entertainment is wrong. But we are called to be faithful managers of what belongs to God, and some forms of entertainment carry higher risks than others.Beyond personal stewardship, Christians must consider what they're supporting. The gambling industry is responsible for significant harm. Studies show that 1 in 5 gambling addicts attempt suicide, and addiction is rising fastest among young adults, according to the American Psychological Association.For those in the church, we must acknowledge this cultural shift and lovingly walk alongside people through it, offering them truth, grace, and accountability.Idolatry, Discontentment, and the Way BackSports betting may be legal, but legality is not the same as morality, and morality isn't always wisdom. If your habits reflect discontentment or a misplaced trust in money, that's a red flag.But there's hope. These things are not the unpardonable sin. 1 John 1:9 reminds us: “If we confess our sins, He is faithful and just to forgive us... God is always ready to receive us.”Isaiah 26:3 also says:“You keep him in perfect peace whose mind is stayed on You, because he trusts in You.”If you're struggling with a gambling habit or questioning your motivations, seek accountability at your local church. And if addiction is involved, please pursue professional help. Freedom is possible—and peace is found not in the thrill of a win, but in keeping your eyes on Christ.Remember: just because it's permissible doesn't mean it's wise. True freedom is found not in betting on uncertain outcomes, but in trusting the God who holds the future.On Today's Program, Rob Answers Listener Questions:I'm trying to understand where tax-free municipal bonds might fit into my overall investment strategy. How can they be used effectively for tax efficiency and generating income, and when would it make sense to include them in a portfolio?I have $19,000 sitting in an old 401(k) account, and I'm considering transferring it into a fixed annuity. I'm not retired yet and plan to return to work in the school system. One option offers lifetime income starting at age 74, but I'm not sure if that's the best use of my funds. What should I consider before making this decision?I'm in the process of updating my will now that I've moved to Texas. I'm wondering if it would be more in line with God's will to allocate a percentage of my estate to the three nonprofit ministries I support, rather than dividing everything evenly among my three children. How should I think through this decision from a biblical perspective?Resources Mentioned:Faithful Steward: FaithFi's New Quarterly Magazine (Become a FaithFi Partner)Every Good Thing: An Introduction to the Material World and the Common Good for Christians by Dr. David W. JonesSplitting Heirs: Giving Your Money and Things to Your Children Without Ruining Their Lives by Ron Blue with Jeremy WhiteWisdom Over Wealth: 12 Lessons from Ecclesiastes on MoneyLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

In this powerful episode of Wine After Work, Bryce sits down with Marcia Dawood — early-stage investor, TEDx speaker, podcast host, and author of Do Good While Doing Well. As a venture partner at Mindshift Capital and Chair Emeritus of the Angel Capital Association, Marcia brings a wealth of insight into what it means to invest with impact, support women-led startups, and champion innovation in spaces that need it most. Marcia also serves on the SEC's Small Business Capital Formation Advisory Committee and is an associate producer of the award-winning documentary Show Her the Money, a film that pulls back the curtain on how (and why) funding for women founders remains unequal — and what we can do about it. Grab a glass and join us as we talk about:

In this episode of the Real Estate Pros podcast, host Kristen Knapp interviews Daniel Cabrera, a seasoned real estate investor and founder of Sell My House Fast in San Antonio, Texas. Daniel shares insights into his journey in real estate, focusing on sourcing properties, navigating off-market sales, and the importance of building relationships in the industry. He discusses the challenges and misconceptions surrounding real estate investing, particularly in dealing with distressed properties. Daniel also outlines his plans for scaling his business and offers a glimpse into the San Antonio market. Daniel Cabrera is the CEO & Founder of SellMyHouseFastSATX.com and FireDamageHouseBuyer.com,two trusted home-buying companies that specialize in distressed and fire-damaged properties across Texas and nationwide. Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

In this conversation, Arden Hillstrom shares her journey into real estate investing, starting from her early days in 1999 to her current focus on the Florida market. She discusses the importance of networking, understanding market shifts, and the strategies involved in wholesaling. Arden emphasizes the need for flexibility and creativity in real estate, especially in adapting to changing market conditions. She also highlights the significance of understanding the numbers and the value of personal connections in the industry. Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true ‘white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a “mini-mastermind” with Mike and his private clients on an upcoming “Retreat”, either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas “Big H Ranch”? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

Some decisions are hard. Some decisions are easy.  In this episode of the Money Metals Midweek Memo, Mike Maharrey talks about one of each. Should the Fed cut or raise interest rates? That's a hard decision, and the June CPI didn't give much clarity. Mike breaks down the report and examines various ways to interpret it.  Should you have silver? That decision seems like a no-brainer given the fundamental and technical dynamics, as Mike explains. 

In this episode, Dave chats with John Bogdasarian, founder of Promanas, about how "situation-driven investing" works in real estate. John shares stories of shifting from hospitality to short-term rentals and even building a new hospitality concept designed specifically for group travel in Nashville. John's experience ranges from multifamily to single-family home redevelopment, to office and industrial properties—and he explains how he navigates each opportunity based on what the market needs right now. Discover how he learned to pivot during COVID, what makes Nashville such a hot market, and why his latest project includes a venue concept backed by Justin Timberlake and Tiger Woods. What You'll Learn: Why real estate isn't just about asset classes—but about timing and context The power of pivoting when market conditions change How John's team discovered the goldmine of short-term rentals The story behind a new $190M hospitality project in Nashville How syndication allows investors to get a share of the full building—not just a unit     - Get Interviewed on the Show! - ================================== Are you a real estate investor with some 'tales from the trenches' you'd like to share with our audience? Want to get great exposure and be seen as a bonafide real estate pro by your friends? Would you like to inspire other people to take action with real estate investing? Then we'd love to interview you! Find out more and pick the date here: http://daveinterviewsyou.com/

Higher yields on worries of rate cut delays sank stocks yesterday despite better-than-expected bank earnings and in-line CPI. Today brings fresh bank results and wholesale prices.Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed.Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request.Past performance is no guarantee of future results, and the opinions presented cannot be viewed as an indicator of future performance.Investing involves risk, including loss of principal.Diversification strategies do not ensure a profit and do not protect against losses in declining markets.Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.(0131-0725)

In this Climate Rising episode in our series on climate resilience, Jacqueline Novogratz, Founder and CEO of Acumen shares how impact investing is agriculture is helping smallholder farmers build climate resilience. Jacqueline shares insights from two decades of investing in poverty alleviation that includes climate resilience and adaptation social enterprises engaging in agriculture and off-grid solar.  She explains how Acumen uses blended capital, including philanthropic first-loss investments and commercial impact funding, to scale business models in underdeveloped markets where traditional investors hesitate. Jacqueline also shares examples of companies solving food insecurity and extreme climate risks for smallholder farmers and discusses how a “post-aid” world demands new tools, structures, and partnerships for impact investing. 

Interview with Matt Filgate, President & CEO of Greenlight Metals Inc.Recording date: 11th July 2025Greenlight Metals (TSXV:GRL) has emerged as the sole active mining explorer in Wisconsin, positioning itself to capitalize on unprecedented demand for domestic copper supply amid the Trump administration's aggressive trade policies. The company is focused on developing high-grade VMS copper deposits in Wisconsin's Penokean volcanic belt, a region that has been dormant for exploration since a 20-year mining moratorium ended in 2017.Under CEO Matt Filgate's leadership, Greenlight has secured the flagship Bend Project, which contains a 4.5 million ton historic resource grading 2% copper and 2.3 grams per ton gold. The company recently acquired critical private land adjacent to the original 330-meter strike length for approximately $250,000, unlocking significant expansion potential. Current drilling aims to grow this resource to 15-20 million tons while maintaining world-class grades.The strategic timing appears optimal as President Trump's announced 50% tariffs on imports create urgent demand for domestic copper supply. "With what's going on with Trump announcing these new 50% tariffs that are coming in on imports, they got to backfill that with domestic supply," Filgate explains. This policy shift, combined with electrification trends and infrastructure development, positions domestic copper projects as increasingly valuable.Wisconsin's regulatory environment has evolved favorably since the 2017 repeal of the mining moratorium and implementation of the Mining for America Act. The company maintains strong relationships with local regulators and government officials through strategically chosen board members, including Steve Donohue, who co-authored the state's mining legislation.Beyond Bend, Greenlight's portfolio includes the high-grade Lobo project, featuring historic intersections of 9 meters at 23% zinc, and several untested electromagnetic anomalies across the belt. With $2.8 million in current funding and a tight shareholder structure including institutional backing from Vestcor and Delbrook, the company is well-positioned to execute its discovery-focused strategy in this underexplored jurisdiction.Sign up for Crux Investor: https://cruxinvestor.com

Interview with Lon Shaver, President of Silvercorp Metals Inc.Our previous interview: https://www.cruxinvestor.com/posts/silver-demand-rises-as-supply-struggles-to-keep-pace-7082Recording date: 9th July 2025Silvercorp Metals presents a compelling investment opportunity as a proven silver producer positioned to capitalize on favorable market dynamics and structural shifts in silver demand. With nearly two decades of profitable operations in China, the company has demonstrated exceptional operational resilience, maintaining profitability and free cash flow generation even during challenging market conditions.The company's competitive advantage lies in its exceptionally low-cost production structure. With all-in sustaining costs (AISC) of just over $12 per ounce compared to current silver prices trading in the $35-36 range, Silvercorp generates substantial profit margins that provide significant cash generation capacity. This cost efficiency stems from mature operations and operational expertise developed over 20 years of continuous production.President Lon Shaver believes the silver market has entered "a new paradigm" where prices are "unlikely to trade below $30 and more likely to touch $40." This fundamental shift is driven by silver's dual nature as both a precious metal investment vehicle and critical industrial commodity. The convergence of traditional investment demand with accelerating industrial consumption creates multiple demand drivers supporting higher price levels.Silvercorp's growth strategy centers on disciplined geographic diversification while maintaining focus on precious metals production. The company is constructing a new mine in Ecuador, targeting production commencement in 2027. Crucially, this expansion is funded entirely through internally generated cash flows, avoiding shareholder dilution through equity raises. As Shaver explained, "We've built up this cash balance to be able to go out and grow the company, we are self-funding some initial growth programs."The company's financial strength provides strategic flexibility for opportunistic growth. Rather than pursuing aggressive expansion that could strain resources, Silvercorp has built substantial cash reserves from profitable operations. This approach reduces execution risk while maintaining financial flexibility for future opportunities in an industry where management describes the project pipeline as "skinny."Silver's industrial applications continue expanding across solar panels, electric vehicles, electronics, and renewable energy infrastructure. The metal's superior electrical and thermal properties make it irreplaceable in advanced technologies. Simultaneously, monetary policy uncertainty drives investment demand for precious metals, with silver offering accessible entry points compared to gold.Supply constraints compound favorable demand dynamics. New mine development faces increasing regulatory hurdles, extended permitting timelines, and technical challenges. Limited new supply additions benefit established producers like Silvercorp with proven operational capabilities and existing production capacity.Beyond the Ecuador project, Silvercorp maintains strategic optionality through its position in New Pacific Metals, providing exposure to silver growth assets in Bolivia. This structure allows participation in potential future production growth while limiting direct development risks.The silver mining sector's ongoing consolidation creates opportunities for larger, more efficient operators. Silvercorp's scale, operational expertise, and financial strength position it favorably as either a consolidator or strategic partner. The company's nearly two-decade track record of profitable operations across multiple market cycles demonstrates management expertise and operational resilience.For investors seeking exposure to silver's structural growth opportunity, Silvercorp offers established profitability, substantial profit margins, strategic growth initiatives, and financial strength. The combination of low-cost production, geographic diversification, and favorable market fundamentals positions the company to capitalize on what management views as a fundamental shift in silver pricing dynamics.View Silvercorp Metals' company profile: https://www.cruxinvestor.com/companies/silvercorp-metalsSign up for Crux Investor: https://cruxinvestor.com

Ashley Thomas didn't wait for permission to take her next step—she made the decision to invest in herself. In this episode, she shares how she went from high school chemistry teacher to doctoral candidate, all while balancing work, life, and the emotional weight of the dissertation process. We talk about what it really means to bet on your future, why group coaching changed everything, and how she learned to ask for help without shame. If you've ever wondered whether it's worth it to invest in support—Ashley's story will show you what's possible when you do. Dissertation Information Qual Scholars Community: https://qual-scholars.circle.so/ 10 Pages In 2 Days Writing Retreat: https://qualscholars.com/10pages/ The Finish Your Dissertation Institute: https://qualscholars.com/theinstitute/  Qual Scholars Website: https://qualscholars.com/  Qual Scholars' Instagram: https://instagram.com/qual_scholars/ Ashley Thomas (She, her, hers) I am Ashley Thomas, a native of Atlanta, Georgia. I have been a teacher for 19 years in the DeKalb County School District, with nine years in the middle school setting, teaching all sciences and ten years at the high school level, teaching general and accelerated chemistry, AP chemistry, and forensic science. I earned my B.S. in chemistry from Xavier University of Louisiana, master's from Keller Graduate School in information systems, and an M.Ed. and Ed.S. in instructional technology from Kennesaw State University. I am a firm believer in leveraging my technology expertise to support my fellow peers while developing my students' skills. I have facilitated various professional development initiatives over the past decade. I have also presented at multiple levels, including both instructional technology and educational research conferences, at the local, state, national, and international levels.   During my tenure in my local school district, I was named Star Teacher in 2019, Stephenson High School's Teacher of the Year 2023- 2024, and the DeKalb County School District's High School Teacher of the Year 2023-2024. I have been granted the Explore Learning Leadership Award for Implementation in 2015 and 2016. I also earned the KSU's Bagwell Scholar Award in Spring 2022 while earning my specialist degree. I was also honored in the Georgia Senate with a Resolution for Stephenson's Teacher of the Year in 2024. I am currently a doctoral candidate at Kennesaw State University, maintaining a 4.0 GPA throughout my studies.   In my free time, I enjoy reading, listening to an eclectic array of music, spending time with my family and friends, and traveling whenever possible.   I was affected by Hurricane Katrina and had to take my last semester classes at Spelman College and Georgia State University. I must give credit where it's due. I successfully completed my BS while navigating that bump in the road, and I also pursued a doctoral degree while experiencing the loss of my sister and, subsequently, my father within 18 months.   Chapters 00:00 Introduction and Setting the Stage 02:50 Meet Ashley Thomas: A Journey in Education 05:42 The Decision to Join the Program 10:28 The Value of Community and Support 15:04 Navigating Personal Challenges 19:01 Experiencing the Writing Retreat 24:02 Investing in Your Future 24:31 Investing in Yourself 25:22 The Power of Community and Support 27:28 Planning for Success 30:31 The Importance of Outcome-Driven Goals 32:03 The Value of Group Coaching 35:19 Embracing Support and Vulnerability 39:08 Commitment to the Process 42:55 Taking the Leap: Just Do It

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3214: Wanderer challenges the conventional wisdom of using debt to invest, especially when buying a home. Drawing on lessons from the 2008 financial crisis, he argues that paying cash for a modest house can safeguard your portfolio, protect you from forced asset sales during downturns, and help avoid overextending on housing costs. Read along with the original article(s) here: https://www.millennial-revolution.com/invest/workshop-invest/investment-workshop-39-investing-debt/ Quotes to ponder: "Home equity is dead money. And it will remain dead money that you can't access until you sell the damned house." "When financial companies run into trouble, it's entirely in their right to call whatever debt they have and force you to pay it off immediately." "That's why I'd pay with cash. It avoids debt which would force you to sell your portfolio at a loss if a crisis happens, and it keeps you from buying too much house." Episode references: Root of Good: https://rootofgood.com Learn more about your ad choices. Visit megaphone.fm/adchoices

UK Chancellor Rachel Reeves gives her Mansion House speech and calls on regulators to strip back red tape in order to boost growth. In the U.S., the June inflation print comes in slightly higher as tariffs begin to affect the core CPI number with President Trump continuing to slam the Federal Reserve's measures. In France, Prime Minister Francois Bayrou infuriates Marine Le Pen's Rassemblement National party after proposing a €44bn tax rise package as well as slashing two public holidays from the calendar to encourage economic activity. In autos news, disappointing European demand and Chinese competition prompts Renault to cut its full-year guidance. The company has also installed finance chief Duncan Minto as interim CEO.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

#625: What do you do when you've reached financial independence? JL Collins says it depends entirely on your spending rate, not just your net worth. Collins joins us for part two of our conversation about what happens after you reach financial independence. He tackles the question of whether you should invest differently once you've "won the game." Someone with $5 million spending $100,000 per year sits in a completely different position than someone with the same amount spending $200,000 per year. The first person can afford to stay aggressive with stocks. The second person needs bonds to smooth the ride. Collins walks through his withdrawal strategy using his daughter as an example. She stepped away from corporate life in her early thirties and now follows an 80-20 stock/bond allocation. She pulls dividends from both funds into her checking account, covering about 2.5 percent of her target 4 percent withdrawal rate. Vanguard automatically sells shares to cover the remaining 1.5 percent. We cover Collins' thoughts on the 4 percent rule, which he calls extraordinarily conservative. He references Bill Bengen's research showing that 5 percent withdrawals succeed 86 percent of the time. Collins would take those odds to escape a soul-crushing job, especially since most financially independent people end up accidentally making money anyway. We discuss the tension between frugal habits that build wealth – and learning to spend money once you have it. Collins flies first class, but he drives a basic car. Collins explains why financially independent people often stay engaged with work — the problem was never work itself, but working without agency. Timestamps: Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. (0:00) Intro (2:00) Investing when you've won the game (5:30) Spending rate versus total wealth (8:00) Three-year versus ten-year timelines (11:00) Adding bonds gradually or all at once (14:00) Why 4 percent is extraordinarily conservative (17:00) Soul crushing jobs and 5 percent risk (24:16) Withdrawal frequency and dividends (27:16) Automatic share sales setup (31:16) Starting business while financially independent (36:16) Accidentally making money after retirement (47:09) Agency versus having to work (50:09) Spending advice for frugal philanthropists (54:09) Charity auction magnifying effect Resources Mentioned: https://affordanything.com/377-how-i-discovered-the-4-percent-retirement-rule-with-bill-bengen/ https://affordanything.com/bill-bengen-created-the-4-rule-now-he-thinks-we-can-withdraw-more/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

My guest today is Alan Waxman. Alan is the co-founder and CEO of Sixth Street, one of the most unique investment firms with a "go anywhere, do anything" mandate across asset classes, geographies, and time horizons, and over $110 billion in AUM. He describes his journey from CIO of Goldman Sachs' Special Situations Group and the frameworks he brought with him to lay the foundation for Sixth Street. Alan details their famous investments like Spotify and Airbnb during challenging periods, their innovative sports partnerships with Real Madrid and FC Barcelona, and their $30 billion "TAO" vehicle that allows them to write billion-dollar checks while keeping individual fund sizes matched to opportunities. We discuss hiring people without egos, enabling a truly multi-strategy approach, and Sixth Street's "face the tiger" philosophy. Please enjoy this great conversation with Alan Waxman.  For the full show notes, transcript, and links to mentioned content, check out the episode page⁠⁠⁠⁠ ⁠⁠⁠⁠⁠here⁠.⁠⁠⁠⁠⁠⁠⁠⁠ ----- This episode is brought to you by⁠⁠⁠⁠⁠⁠⁠⁠⁠ Ramp⁠⁠⁠⁠⁠⁠⁠⁠⁠. Ramp's mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to⁠⁠⁠⁠⁠⁠⁠⁠⁠ Ramp.com/invest⁠⁠⁠⁠⁠⁠⁠⁠⁠ to sign up for free and get a $250 welcome bonus. – This episode is brought to you by⁠⁠⁠⁠⁠ AlphaSense⁠⁠⁠⁠⁠. AlphaSense has completely transformed the research process with cutting-edge AI technology and a vast collection of top-tier, reliable business content. Invest Like the Best listeners can get a free trial now at⁠⁠⁠⁠⁠ Alpha-Sense.com/Invest⁠⁠⁠⁠⁠ and experience firsthand how AlphaSense and Tegus help you make smarter decisions faster. – This episode is brought to you by⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Ridgeline⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. Head to⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ridgelineapps.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more about the platform. ----- Editing and post-production work for this episode was provided by The Podcast Consultant (⁠⁠⁠⁠⁠⁠⁠⁠⁠https://thepodcastconsultant.com⁠⁠⁠⁠⁠⁠⁠⁠⁠). Show Notes: (00:00:00) Welcome to Invest Like the Best (00:04:57) Introducing Alan Waxman and Sixth Street (00:05:58) The Formative Goldman Sachs Years (00:10:21) Unitizing Risk and Return (00:14:23) Facing the Tiger: Sixth Street's Culture and Values (00:34:51) Spotify and Airbnb: Case Studies in Investment (00:39:20) Ambitious Investment Strategies (00:40:40) Strategic Partnerships in Sports (00:41:23) Navigating COVID with Airbnb (00:43:36) Risk and Return Analysis (00:46:56) Investing in Sports and Live Entertainment (00:52:23) Developing Investment Themes (00:55:29) Balancing Leadership and Investment (00:57:30) The Importance of Culture (01:10:33) Future Self and Long-Term Vision (01:15:09) The Kindest Thing Anyone Has Ever Done For Alan

On this TCAF Tuesday, Josh and Michael are joined by Sam Broner of a16z crypto to break down the biggest developments in the world of stablecoins. From PayPal and Circle to the role of U.S. regulators, this conversation covers where the money's moving and why it matters. Sam explains how stablecoins are quietly reshaping payments, banking, global finance and more. Then at 44:05 hear an all-new episode of What Are Your Thoughts with ⁠⁠⁠⁠Downtown Josh Brown⁠⁠⁠⁠ and ⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠! This episode is sponsored by Public. Fund your account in five minutes or less by visiting: https://public.com/WAYT   Sign up for ⁠⁠⁠⁠The Compound Newsletter⁠⁠⁠⁠ and never miss out! Instagram: ⁠⁠⁠⁠https://instagram.com/thecompoundnews⁠⁠⁠⁠ Twitter: ⁠⁠⁠⁠https://twitter.com/thecompoundnews⁠⁠⁠⁠ LinkedIn: ⁠⁠⁠⁠https://www.linkedin.com/company/the-compound-media/⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠https://www.tiktok.com/@thecompoundnews⁠⁠⁠⁠ Public Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. Alpha is an experimental AI tool powered by GPT-4. Its output may be inaccurate and is not investment advice. Public makes no guarantees about its accuracy or reliability—verify independently before use. *Rate as of 6/24/25. APY is variable and subject to change. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: ⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Our analysts Paul Walsh, James Lord and Marina Zavolock discuss the dollar's decline, the strength of the euro, and the mixed impact on European equities.Read more insights from Morgan Stanley.----- Transcript -----Paul Walsh: Welcome to Thoughts on the Markets. I'm Paul Walsh, Morgan Stanley's Head of European Product. And today we're discussing the weakness we've seen year-to-date in the U.S. dollar and what this means for the European stock market. It's Tuesday, July the 15th at 3:00 PM in London.I'm delighted to be joined by my colleagues, Marina Zavolock, Morgan Stanley's Chief European Equity Strategist, and James Lord, Morgan Stanley's Chief Global FX Strategist. James, I'm going to start with you because I think we've got a really differentiated view here on the U.S. dollar. And I think when we started the year, the bearish view that we had as a house on the U.S. dollar, I don't think many would've agreed with, frankly. And yet here we are today, and we've seen the U.S. dollar weakness proliferating so far this year – but actually it's more than that.When I listen to your view and the team's view, it sounds like we've got a much more structurally bearish outlook on the U.S. dollar from here, which has got some tenure. So, I don't want to steal your thunder, but why don't you tell us, kind of frame the debate, for us around the U.S. dollar and what you're thinking.James Lord: So, at the beginning of the year, you're right. The consensus was that, you know, the election of Donald Trump was going to deliver another period of what people have called U.S. exceptionalism. Paul Walsh: Yeah.James Lord: And with that it would've been outperformance of U.S. equities, outperformance of U.S. growth, continued capital inflows into the United States and outperformance of the U.S. dollar. At the time we had a slightly different view. I mean, with the help of the economics team, we took the other side of that debate largely on the assumption that actually U.S. growth was quite likely to slow through 2025, and probably into 2026 as well – on the back of restrictions on immigration, lack of fiscal stimulus. And, increasingly as trade tariffs were going to be implemented…Paul Walsh: Yeah. Tariffs, of course…James Lord: That was going to be something that weighed on growth.So that was how we set out the beginning of the year. And as the year has progressed, the story has evolved. Like some of the other things that have happened, around just the extent to which tariff uncertainty has escalated. The section 899 debate. Paul Walsh: Yeah. James Lord: Some of the softness in the data and just the huge amounts of uncertainty that surrounds U.S. policymaking in general has accelerated the decline in the U.S. dollar. So, we do think that this has got further to go. I mean, the targets that we set at the beginning of the year, we kind of already met them. But when we published our midyear outlook, we extended the target.So, we may even have to go towards the bull case target of euro-dollar of 130.Paul Walsh: Mm-hmm. James Lord: But as the U.S. data slows and the Fed debate really kicks off where at Morgan Stanley U.S. Economics research is expecting the Fed to ultimately cut to 2.5 percent... Paul Walsh: Yeah. Lord: That's really going to really weigh on the dollar as well. And this comes on the back of a 15-year bull market for the dollar. Paul Walsh: That's right. James Lord: From 2010 all the way through to the end of last year, the dollar has been on a tear. Paul Walsh: On a structural bull run.James Lord: Absolutely. And was at the upper end of that long-term historical range. And the U.S. has got 4 percent GDP current account deficit in a slowing growth environment. It's going to be tough for the dollar to keep going up. And so, we think we're sort of not in the early stages, maybe sort of halfway through this dollar decline. But it's a huge change compared to what we've been used to. So, it's going to have big implications for macro, for companies, for all sorts of people.Paul Walsh: Yeah. And I think that last point you make is absolutely critical in terms of the implications for corporates in particular, Marina, because that's what we spend every hour of every working day thinking about. And yes, currency's been on the radar, I get that. But I think this structural dynamic that James alludes to perhaps is not really conventional wisdom still, when I think about the sector analysts and how clients are thinking about the outlook for the U.S. dollar. But the good news is that you've obviously done detailed work in collaboration with the floor to understand the complexities of how this bearish dollar view is percolating across the different stocks and sectors. So, I wondered if you could walk us through what your observations are and what your conclusions are having done the work.Marina Zavolock: First of all, I just want to acknowledge that what you just said there. My background is emerging markets and coming into covering Europe about a year and a half ago, I've been surprised, especially amid the really big, you know, shift that we're seeing that James was highlighting – how FX has been kind of this secondary consideration. In the process of doing this work, I realized that analysts all look at FX in different way. Investors all look at FX in different way. And in …Paul Walsh: So do corporates.Marina Zavolock: Yeah, corporates all look at FX in different way. We've looked a lot at that. Having that EM background where we used to think about FX as much as we thought about equities, it was as fundamental to the story...Paul Walsh: And to be clear, that's because of the volatility…Marina Zavolock: Exactly, which we're now seeing now coming into, you know, global markets effectively with the dollar moves that we've had. What we've done is created or attempted to create a framework for assessing FX exposure by stock, the level of FX mismatches, the types of FX mismatches and the various types of hedging policies that you have for those – particularly you have hedging for transactional FX mismatches. Paul Walsh: Mm-hmm. Marina Zavolock: And we've looked at this from stock level, sector level, aggregating the stock level data and country level. And basically, overall, some of the key conclusions are that the list of stocks that benefit from Euro strength that we've identified, which is actually a small pocket of the European index. That group of stocks that actually benefits from euro strength has been strongly outperforming the European index, especially year-to-date.Paul Walsh: Mm-hmm.Marina Zavolock: And just every day it's kind of keeps breaking on a relative basis to new highs. Given the backdrop of James' view there, we expect that to continue. On the other hand, you have even more exposure within the European index of companies that are being hit basically with earnings, downgrades in local currency terms. That into this earning season in particular, we expect that to continue to be a risk for local currency earnings. Paul Walsh: Mm-hmm.Marina Zavolock: The stocks that are most negatively impacted, they tend to have a lot of dollar exposure or EM exposure where you have pockets of currency weakness as well. So overall what we found through our analysis is that more than half of the European index is negatively exposed to this euro and other local currency strength. The sectors that are positively exposed is a minority of the index. So about 30 percent is either materially or positively exposed to the euro and other local currency strength. And sectors within that in particular that stand out positively exposed utilities, real estate banks. And the companies in this bucket, which we spend a lot of time identifying, they are strongly outperforming the index.They're breaking to new highs almost on a daily basis relative to the index. And I think that's going to continue into earning season because that's going to be one of the standouts positively, amid probably a lot of downgrades for companies who have translational exposure to the U.S. or EM.Paul Walsh: And so, let's take that one step further, Marina, because obviously hedging is an important part of the process for companies. And as we've heard from James, of a 15-year bull run for dollar strength. And so most companies would've been hedging, you know, dollar strength to be fair where they've got mismatches. But what are your observations having looked at the hedging side of the equation?Marina Zavolock: Yeah, so let me start with FX mismatches. So, so we find that about half of the European index is exposed to some level of FX mismatches. Paul Walsh: Mm-hmm. Marina Zavolock: So, you have intra-European currency mismatches. You have companies sourcing goods in Asia or China and shipping them to Europe. So, it's actually a favorable FX mismatch. And then as far as hedging, the type of hedging that tends to happen for companies is related to transactional mismatches. So, these are cost revenue, balance sheet mismatches; cashflow distribution type mismatches. So, they're more the types of mismatches that could create risk rather than translational mismatches, which are – they're just going to happen.Paul Walsh: Yeah. Marina Zavolock: And one of the most interesting aspects of our report is that we found that companies that have advanced hedging, FX hedging programs, they first of all, they tend to outperform, when you compare them to companies with limited or no hedging, despite having transactional mismatches. And secondly, they tend to have lower share price volatility as well, particularly versus the companies with no hedging, which have the most share price volatility. So, the analysis, generally, in Europe of this most, the most probably diversified region globally, is that FX hedging actually does generate alpha and contributes to relative performance.Paul Walsh: Let's connect the two a little bit here now, James, because obviously as companies start to recalibrate for a world where dollar weakness might proliferate for longer, those hedging strategies are going to have to change.So just any kind of insights you can give us from that perspective. And maybe implications across currency markets as a result of how those behavioral changes might play out, I think would be very interesting for our listeners.James Lord: Yeah, I think one thing that companies can do is change some of the tactics around how they implement the hedges. So, this can revolve around both the timing and also the full extent of the hedge ratios that they have. I mean, some companies who are – in our conversations with them when they're talking about their hedging policy, they may have a range. Maybe they don't hedge a 100 percent of the risk that they're trying to hedge. They might have to do something between 80 and a hundred percent. So, you can, you can adjust your hedge ratios…Paul Walsh: Adjust the balances a bit.James Lord: Yeah. And you can delay the timing of them as well.The other side of it is just deciding like exactly what kind of instrument to use to hedge as well. I mean, you can hedge just using pure spot markets. You can use forward markets and currencies. You can implement different types of options, strategies. And I think this was some of the information that we were trying to glean from the survey was this question that Marina was asking about. Do you have a limited or advanced hedging program? Typically, we would find that corporates that have advanced programs might be using more options-based strategies, for example. And you know, one of the pieces of analysis in the report that my colleague Dave Adams did was really looking at the effectiveness of different strategies depending on the market environment that we're in.So, are we in a sort of risk-averse market environment, high vol environment? Different types of strategies work for different types of market environments. So, I would encourage all corporates that are thinking about implementing some kind of hedging strategy to have a look at that document because it provides a lot of information about the different ways you can implement your hedges. And some are much more cost effective than others.Paul Walsh: Marina, last thought from you? Marina Zavolock: I just want to say overall for Europe there is this kind of story about Europe has no growth, which we've heard for many years, and it's sort of true. It is true in local currency terms. So European earnings growth now on consensus estimates for this year is approaching one percent; it's close to 1 percent. On the back of the moves we've already seen in FX, we're probably going to go negative by the time this earning season is over in local currency terms. But based on our analysis, that is primarily impacted by translation.So, it is just because Europe has a lot of exposure to the U.S., it has some EM exposure. So, I would just really emphasize here that for investors; so, investors, many of which don't hedge FX, when you're comparing Europe growth to the U.S., it's probably better to look in dollar terms or at least in constant currency terms. And in dollar terms, European earnings growth at this point are 7.6 percent in dollar terms. That's giving Europe the benefit for the euro exposure that it has in other local currencies. So, I think these things, as FX starts to be front of mind for investors more and more, these things will become more common focus points. But right now, a lot of investors just compare local currency earnings growth.Paul Walsh: So, this is not a straightforward topic, and we obviously think this is a very important theme moving through the balance of this year. But clearly, you're going to see some immediate impact moving through the next quarter of earnings. Marina and James, thanks as always for helping us make some sense of it all.James Lord: Thanks, Paul. Marina Zavolock: Thank you.Paul Walsh: And to our listeners out there, thank you as always for tuning in.If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.

Avination, welcome back to Episode 335 of the Pilot to Pilot podcast! Host Justin Siems sits down with aviation expert Jim Higgins, a former airline pilot and University of North Dakota professor, and Elise Dominguez, a Certified Financial Planner at Allworth Airline Advisors, for a deep dive into the airline industry and pilot financial planning. They unpack the cyclical nature of pilot hiring—citing 12,000–13,000 pilots hired in 2023–2024, now leveling to a still-strong 4,000–4,500 annually, per FAPA data. Justin shares his journey from a fractional company to a major airline, facing a $120,000 pay cut, while Jim reflects on his wife's choice to stay a senior FO for schedule flexibility. Elise offers actionable advice for pilots at every stage: new hires like a 24-year-old check airman should start saving early to leverage time, mid-career pilots should max out 401(k) contributions (increasing by 1% yearly) and diversify with Roth IRAs or taxable accounts, and those nearing 65 should explore catch-up contributions ($7,500 at 50, $11,250 super catch-up at 60–63). They also tackle the pilot retirement age debate—will it hit 67?—and how it impacts young pilots' seniority or senior pilots' earnings. From avoiding lifestyle creep to planning for “what if” scenarios like furloughs or early retirement, this episode is packed with insights to keep your aviation career soaring. Visit Allworth Airline Advisors for a free consultation to build your personalized financial plan!I hope you enjoy this podcast and if you're interested in reaching out for more financial information make sure you check out Allworth Airline Advisors!Hope to see you all at EAA Ariventure!JustinTakeaways: The state of the airline industry is currently experiencing a hiring slowdown compared to the record-high years of 2023 and 2024, but opportunities still exist. Elise emphasizes the importance of starting financial planning early in a pilot's career to build a solid foundation for retirement and future investments. It's crucial for pilots to diversify their investments outside of 401(k)s to avoid over-relying on employer-sponsored plans for retirement income. Discussing the emotional aspects of financial decisions is important, as pilots often need guidance to navigate the ups and downs of their careers and personal finance. Investing in a health savings account can provide significant tax advantages, especially for pilots with high deductible plans, making it a smart move for long-term financial health. Addressing the potential changes in the retirement age from 65 to 67, it's essential for pilots to consider the impact on their career plans and future earnings potential.

Aaron Ameen and Charlie Cameron share how they are developing Everwood Reserve, a Residential Assisted Living project to help retirees live better during their senior years and help investors get a purpose-driven ROI.Website: www.everwoodreserve.comAaron: @aaronameenreicoachWant To Quit Your Job In The Next 6-18 Months Through Buying Commercial Real Estate & Small Businesses?

Steve Forbes warns that lost in the endless conversation about tariffs is the issue of the tax wedge, a calculation that shows the real distance between a consumer and the ability to purchase a product, and how the new levies imposed by President Trump will create barriers to business.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

After 1,000+ rehabs, John Barbara from San Antonio, TX built a lean, high-margin business that closes flips and wholesale deals with just $600 a month in marketing. His edge? A relentless, no-excuses mindset shaped by his experience growing up as an immigrant—where survival meant solving problems fast and never wasting effort. He breaks down his seller conversation framework, why he skips ARVs and repair estimates, and how laser-focused marketing to ultra-specific lists like deceased pre-foreclosures fuels consistent six-figure months. If you're an investor who want less volume and more profit, listen in! Mentioned in this episode:John's Free PDF Roadmap to Consistent Deals: https://pwmpdf.com/Prime Wholesaling Method Coaching – https://pwmcall.comJohn's Carrot Site: https://www.prymehomesolutions.com/Carrot CRM – https://www.carrot.com/crmDealMachine podcast – https://www.dealmachine.com/podcastSkip Genie (skip tracing) – https://www.skipgenie.comThink and Grow Rich by Napoleon Hill – https://www.naphill.com Key Quotes:“Testimonials are specifically to defeat objections and address specific situations.” -Brady“I don't run ARVs or repairs anymore… buyers have their own numbers...You will never close a six-figure deal if you're running numbers. It just won't do it.” -John“Drop your ego… if I would've dropped it sooner, I'd have made money so much sooner.” -John ***Join us live, Thursdays at 11 AM Pacific for the Evergreen Marketing Live Q&A: https://www.facebook.com/groups/officialcarrotcommunity/***Need to grow as a leader? Check out Trevor's podcast: https://link.chtbl.com/EFF***Learn more at Carrot.com/shows - Carrot, a 5x Inc 5000 company, with millions of motivated leads generated over 10+ years.

With stocks back near all-time highs, capital is gushing into the US financial markets and investors are feeling exuberant again.Is all this bullish optimism justified?Today's guest, Chance Finucane, Chief Investment Officer of high net worth advisory firm Oxbow Advisors, takes a more cautious approach.In their recent market letter to their high net worth clients, Chance, along with Oxbow founder Ted Oakley, delivered the warning that "It's A Different Time Now" -- a time when the chickens may come home to roost after a period of distortion that has artificially and unsustainably goosed financial asset prices.WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com#treasurybonds #commodities #goldprice _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2025 Thoughtful Money LLC. All rights reserved.

What happens when a well-known multifamily operator shifts focus to a completely different asset class? In this episode, Jim Pfeifer and Paul Shannon are joined by real estate investor and Praxis Capital founder Brian Burke to explore his pivot into assisted living, memory care, and skilled nursing facilities. Brian shares why he's stepped away from multifamily, for now, and what signals led him to target the senior housing sector. He explains why this niche is coming out of a bottom, how it differs from traditional real estate, and what makes triple-net lease investments in this space both stable and lucrative. The discussion covers risk, underwriting operators, HUD financing, and exit strategies, offering passive investors a crash course in how to assess and potentially capitalize on a misunderstood asset class. Key Takeaways: Why Brian Burke is “done with multifamily for now” What made assisted living a timely pivot How triple-net lease structures reduce landlord risk The importance of operator selection and lease coverage How HUD financing boosts returns and mitigates risk Exit strategies ranging from lease buybacks to portfolio sales Where this strategy fits on the broader risk spectrum What passive investors should ask before investing in senior housing Disclaimer The content of this podcast is for informational purposes only. All host and participant opinions are their own. Investment in any asset, real estate included, involves risk, so use your best judgment and consult with qualified advisors before investing. You should only risk capital you can afford to lose. Remember that past performance is not indicative of future results. This podcast may contain paid advertisements or other promotional materials for real estate investment advisers, investment funds, and investment opportunities, which should not be interpreted as a recommendation, endorsement, or testimonial by PassivePockets, LLC or any of its affiliates. Viewers must conduct their own due diligence and consider their own financial situations before engaging with any of the advertised offerings, products, or services. PassivePockets, LLC disclaims all liability for direct, indirect, consequential, or other damages arising out of reliance on information and advertisements presented in this podcast.

Luke Youngblood, Founder of Moonwell, joined me to discuss how Moonwell is approaching DeFi differently through its partnership with Coinbase.Topics: - Moonwell's DeFi solutions - Coinbase Wrapped assets - cbXRP, cbADA & more - Building on Base - Getting loans on Bitcoin and other crypto assets - Future of payments with Stablecoins - Mamo personal financial agent - Future of Cryptohttps://mamo.bot/ | https://moonwell.fi/ Sponsor Log -

Crypto News: Bitcoin hits $123,000 and pulls backl. Fed, FDIC, & OCC give Banks guidance on crypto and stablecoins. XRP Futures and Ondo Finance Tokenization news.Show Sponsor -

Stock market stress? These investors found a calmer, cash-flowing path.

Happy Monday Degenerates!! Its a PPV fight week and we are talking about the BFM belt. Join us to preview UFC 318 from a gambling perspective!!Guest: JamesTwitter (x): @LucrativeJamesFollow me!Twitter (x): @DieHardMMAPodInstagram: https://www.instagram.com/diehardufc/Facebook: https://www.facebook.com/DieHardMMAPodcastBlueSky: @diehardmmapod.bsky.social► Spectation Sports https://spectationlink.com/DIEHARDPromo Code: DIEHARD for 20% off ► Die Hard MMA Merch: https://die-hard-mma-podcast-merch.myspreadshop.com/all► Kalshi: http://kalshi.com/ufcPromo Code DIEHARD when you sign up and you'll receive $10 when you trade $100!0:00 Intro 12:25 Carli Judice vs Nicolle Caliari23:11 Brunno Ferreira vs Jackson McVey37:03 Ryan Spann vs Łukasz Brzeski49:22 Jimmy Crute vs Marcin Prachnio1:06:00 Adam Fugitt vs Islam Dulatov1:17:35 Ateba Gautier vs Robert Valentin1:28:20 Francisco Prado vs Nikolay Veretennikov1:38:52 Marvin Vettori vs Brendan Allen1:50:21 Kyler Phillips vs Vinicius Oliveira1:59:10 Michael Johnson vs Daniel Zellhuber2:09:36 Dan Ige vs Patricio Pitbull2:19:11 Kevin Holland vs Daniel Rodriguez2:27:21 Paulo Costa vs Roman Kopylov2:35:55 Max Holloway vs Dustin Poirier

“The simple believe everything, but the prudent give thought to their steps.” — Proverbs 14:15In an age where scams are becoming more sophisticated by the day, Scripture reminds us that discernment isn't optional—it's essential. As believers, protecting the resources God has entrusted to us is more than a practical concern—it's an act of stewardship. Here's how you can guard your finances with wisdom, not fear.Scams Are Everywhere—But So Is WisdomFraudsters use every channel available: phone calls, text messages, emails, and even impersonations of people you trust. But as followers of Christ, we're not called to panic. We're called to walk in wisdom (Ephesians 5:15). That begins with slowing down and thinking critically.Pause before you respond. Scammers rely on urgency. If someone pressures you to act immediately—whether claiming your account is locked or your money is at risk—take a step back. Hang up. Verify the source independently. Urgency is often a red flag. Avoid untraceable payments. No legitimate organization will ask for payment via wire transfer or gift cards. These are the preferred tools of scammers because they're nearly impossible to recover.Practical Steps for Digital ProtectionFinancial stewardship now includes digital awareness. Here are practical ways to protect yourself and your family:Use credit cards, not debit cards, for online purchases. Credit cards usually come with stronger fraud protection. Enable two-factor authentication (2FA) on all your financial accounts. Even if a scammer gets your password, they can't access your account without a second form of verification. Don't reuse passwords. Use a secure password manager, such as Bitwarden or NordPass, to create and store strong, unique passwords. Set up account alerts. Most banks allow you to monitor activity in real-time, giving you a heads-up if something unusual occurs. Freeze your credit. It's free to do and offers one of the best defenses against identity theft. You can always unfreeze it temporarily when needed. Avoid public Wi-Fi for financial transactions. Wait until you're on a secure network or at home to check your bank accounts or make purchases. Limit what you share on social media. Personal details, such as birthdays or family names, can be used to guess passwords or security questions. Adjust your privacy settings and post wisely. Shred sensitive documents before discarding them. Even in the digital age, identity thieves still dig through trash. Don't click on unfamiliar links, even if they appear to come from someone you know. When in doubt, contact the person or organization directly for clarification.Stewarding Wisdom in CommunityScammers often target the vulnerable, particularly older adults and teenagers. So make this a shared effort. Discuss online fraud with your family. Equip them with knowledge. If you receive a letter or email about identity protection following a data breach, verify it by contacting the company directly, rather than through the provided link or number.Financial faithfulness today includes digital vigilance. But there's no need for fear. By taking these simple steps, you can walk confidently, knowing you're stewarding God's resources with care.A Tool for Wise Stewardship: The FaithFi AppLooking for a practical way to manage your money with wisdom and peace of mind? The FaithFi app is a secure tool that helps you track your spending, plan your giving, and align your finances with biblical values. With 256-bit encryption, your data is protected, and your login credentials are never stored. FaithFi Pro users also receive exclusive articles, digital devotionals, and daily encouragement.Visit FaithFi.com and click “App” or search “FaithFi” in your app store to get started today.Steward your finances wisely. Protect what God has entrusted to you. And walk in peace, not panic.On Today's Program, Rob Answers Listener Questions:My 14-year-old son just started his first full-time summer job, working around 37 to 40 hours a week. I'd like to help him get started with investing and am considering opening a Roth IRA in his name. What's the best way to set that up, and where should we go to open the account?We're debt-free and recently bought a home. Our current vehicle is paid off, but we're thinking about adding a second car with a monthly payment of around $500. I'm a little uneasy about the added expense. How can we determine if this is a wise financial move for us at this time?Resources Mentioned:Faithful Steward: FaithFi's New Quarterly Magazine (Become a FaithFi Partner)The Money Challenge for Teens: Prepare for College, Run from Debt, and Live Generously by Dr. Art RainerThe Finish Line PledgeSchwab Intelligent Portfolios | BettermentBitwarden | NordPassWisdom Over Wealth: 12 Lessons from Ecclesiastes on MoneyLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

If you're a physician with at least 5 years of experience looking for a flexible, non-clinical, part-time medical-legal consulting role… ...Dr. Armin Feldman's Medical Legal Coaching program will guarantee to add $100K in additional income within 12 months without doing any expert witness work. Any doctor in any specialty can do this work. And if you don't reach that number, he'll work with you for free until you do, guaranteed. How can he make such a bold claim? It's simple, he gets results…  Dr. David exceeded his clinical income without sacrificing time in his full-time position. Dr. Anke retired from her practice while generating the same monthly consulting income.  And Dr. Elliott added meaningful consulting work without lowering his clinical income or job satisfaction. So, if you're a physician with 5+ years of experience and you want to find out exactly how to add $100K in additional consulting income in just 12 months, go to arminfeldman.com.                                                          =============== Learn the business and management skills you need by enrolling in the University of Tennessee Physician Executive MBA program at nonclinicalphysicians.com/physicianmba. Get the FREE GUIDE to 10 Nonclinical Careers at nonclinicalphysicians.com/freeguide. Get a list of 70 nontraditional jobs at nonclinicalphysicians.com/70jobs.                                                                                                 =============== In this continuation with Dr. Alex Schloe, John explores the next steps for physicians ready to act on the potential of residential assisted living. Building on the Episode 412 discussion of why this model works, they now focus on how to structure investments, minimize risk, and find trustworthy partners to manage day-to-day operations. Dr. Schloe explains how physicians can stay passive by separating ownership from operations, using legal tools like LLCs and insurance to protect their assets. He also shares how his company, OpenRange Capital, helps physicians invest in these developments without being hands-on. They wrap up with a look inside The RAL Room, a training and support community designed to help new investors build confidence, competence, and connections in this space. You'll find links mentioned in the episode at nonclinicalphysicians.com/investment-for-todays-physicians/

In this episode of the Sunlight Tax Podcast, I'm discussing the critical role of ownership in building wealth, particularly in the context of personal finance and the tax code. I'm sharing my personal journey of negotiating ownership of my work while writing a book, emphasizing the importance of recognizing one's value in collaborative projects and the benefits of investing. This episode encourages listeners to reflect on their own ownership and value in various aspects of life. Also mentioned in today's episode:  00:00  The Importance of Ownership in Wealth Building 03:01  Creating Visuals: The Work Behind Ownership 08:47  Personal Reflections on Ownership and Generosity 10:17  Recognizing Your Value in Collaborative Projects 13:04  Investing: A Path to Ownership and Financial Freedom   If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences. Links: Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You're Self-Employed. Link to pre-order my workbook, Taxes for Humans: The Workbook Get your free visual guide to tax deductions Check out my program, Money Bootcamp  

What does it take to grow a food tour company without losing what made it special in the first place? Mitch Bach talks with Lauren Aloise, co-founder of Devour Tours and now VP of Marketing and Guest Experience at Walks-Devour Tours, joins us to unpack the hard-earned lessons of scaling with soul. From cooking classes in her Madrid apartment to managing operations across continents, Lauren shares how Devour stayed grounded in hospitality, storytelling, and meaningful local partnerships—even as it greatly expanded.Mitch and Lauren explore the tough questions many tour operators face: How do you train guides to host, not just talk? What gets lost when experiences become too polished? And how do you adapt to a tourism landscape shaped by TikTok, AI, and shifting guest expectations? This episode is packed with insight for anyone trying to grow a purpose-driven experience business—without losing the magic.Join the 20,000 member Tourpreneur Facebook GroupMore show notes at tourpreneur.comNovember 10-13, 2025: Tourpreneur's TourWeek annual conferenceChapters00:00 Introduction to Devour Tours and Lauren Aloise02:23 The Origins of Devour Tours05:54 Evolving the Business Model11:13 The Challenges of Scaling14:30 Customer Loyalty and Brand Connection16:20 The Unique Qualities of Food Tourism20:57 Creating Connection Through Food Tours25:23 The Future of Tour Guiding and AI25:48 The Impact of AI on Tourism and Hospitality27:59 The Power of Shared Food Memories29:25 Balancing Experience and Product in Tours30:33 Investing in Guide Training and Engagement33:29 Building Loyalty and Company Culture34:38 Navigating the Rise of DIY Food Tourism37:41 Adapting Marketing Strategies for a New Generation39:19 The Value of Webinars in Customer Engagement43:16 Learning from Failures and Defining Success47:39 The Importance of Focus in Business Growth

Most entrepreneurs think productivity means learning more: more books, more podcasts, more courses. But Pat Flynn argues that real progress comes from learning just enough to pursue your goals. After getting laid off from his dream job, Pat dove into nonstop learning. But instead of moving forward, he felt stuck, overwhelmed with ideas and no real execution. That experience led to his Lean Learning approach, a strategy that helped him build multiple successful online businesses. In this episode, Pat returns to share why overlearning kills productivity and how content creators and entrepreneurs can cut through information overload, take focused action, and grow their business by doing less but better. In this episode, Hala and Pat will discuss:  (00:00) Introduction (02:03) Why Overlearning Is Killing Your Productivity (06:43) How a Layoff Sparked His Motivation to Take Action (15:18) 80/20 Time Management Rule for Curious Entrepreneurs (24:18) Learn It or Burn It: Evaluating Learning Methods (34:01) AI as a Creative Partner for Entrepreneurs (37:24) The Biggest Learning Mistake Creator Entrepreneurs Make (42:49) Getting Past the “Cringe” Mindset and Getting Started (53:53) The Keystone Question for Smart Decision-Making (57:28) How Power 10 Boosts Innovation and Team Building Pat Flynn is a serial entrepreneur, speaker, and founder of Smart Passive Income, a leading resource for online business education. He is the bestselling author of Will It Fly?, Superfans, and his latest, Lean Learning, which serves as the ultimate productivity guide to winning by learning less. Pat has built multiple successful ventures as a content creator, including YouTube channels with millions of subscribers. Sponsored By: Shopify - Start your $1/month trial at Shopify.com/profiting. Indeed - Get a $75 sponsored job credit to boost your job's visibility at Indeed.com/PROFITING OpenPhone - Get 20% off your first 6 months at OpenPhone.com/profiting. Airbnb - Find a co-host at airbnb.com/host Boulevard - Get 10% off your first year at joinblvd.com/profiting when you book a demo   Resources Mentioned: Pat's Book, Lean Learning: bit.ly/LeanLearning  Pat's Pokémon Channel, Deep Pocket Monster: youtube.com/c/DeepPocketMonster  Pat's Instagram: instagram.com/patflynn  Pat Flynn: Online Business 101 | E256: bit.ly/Online_Business101  Moonlighting on the Internet by Yanik Silver: bit.ly/MoonlightingonInternet The 5 Dysfunctions of a Team by Patrick Lencioni: bit.ly/FiveDysfunctions_Team  Active Deals - youngandprofiting.com/deals  Key YAP Links Reviews - ratethispodcast.com/yap YouTube - youtube.com/c/YoungandProfiting LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ Social + Podcast Services: yapmedia.com Transcripts - youngandprofiting.com/episodes-new  Entrepreneurship, Entrepreneurship Podcast, Business, Business Podcast, Self Improvement, Self-Improvement, Personal Development, Starting a Business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side Hustle, Startup, Mental Health, Career, Leadership, Mindset, Health, Growth Mindset, Work-Life Balance, Work Life Balance, Manifestation, Life Balance, Goal Setting, Resolutions