Podcast appearances and mentions of Warren Buffett

Trump and Kushner chose a war they don't understand, thinking they can use 20th-century "shock and awe" to topple a deeply entrenched terrorist state. The Iranian people are caught between two maniacal regimes and deserve our solidarity: an estimated 30,000 Iranians were just killed by their own government, and now they're being bombed by a Fox News host.  Russian mafia expert Olga Lautman joins Gaslit Nation to discuss the surreal hallucinating AI simulation we've found ourselves in. Meanwhile, Trump and Vance need to thank Zelensky and Ukraine for their innovative drone-fighting technology–some of the best in the world. Has Vance even said thank you yet?  We also prepare Americans for the reality that the "moats" of the Atlantic and Pacific oceans no longer protect us. As drone technology becomes cheaper and more accessible, the same over-the-counter drones terrorizing Kherson, Ukraine are coming for American streets–thanks to Trump galvanizing terrorists, and opportunistic mafia states like Russia that empower groups like ISIS.  Like Russia, Trump thinks he can conquer a nation in three days.  Join us on April 13th at Powerhouse Books in Dumbo, Brooklyn for the launch of Andrea's graphic novel, Mrs. Orwell. Olga Lautman will be there as we discuss how to survive the "Great Disillusionment" and protect our democracy from the opportunists selling us out for profit. Details here: https://powerhousearena.com/events/book-launch-mrs-orwell-by-andrea-chalupa-in-conversation-with-nomiki-konst/. Patreon supporters get in for free!  Join our community of listeners and get bonus shows, ad free listening, group chats with other listeners, ways to shape the show, invites to exclusive events like our Monday political salons at 4pm ET over Zoom, and more! Discounted annual memberships are available. Become a Democracy Defender at Patreon.com/Gaslit EVENTS AT GASLIT NATION: New! There's now a California Signal Group for Gaslit Nation listeners to find each other and connect in that state. Join us on Patreon.com/Gaslit  The Gaslit Nation Outreach Committee discusses how to talk to the MAGA cult: Join us on Patreon.com/Gaslit  Minnesota Signal group for Gaslit Nation listeners in the state to find each other. Join us on Patreon.  Vermont Signal group for Gaslit Nation listeners in the state to find each other. Join us on Patreon.com/Gaslit  Arizona-based listeners launched a Signal group for others in the state to connect. Join us on Patreon.com/Gaslit  Indiana-based listeners launched a Signal group for others in the state to join. Join us on Patreon.com/Gaslit  Florida-based listeners are going strong meeting in person. Be sure to join their Signal group. Join us on Patreon.com/Gaslit   Gaslit Nation Salons take place Mondays 4pm ET over Zoom and are recorded and shared on Patreon.com/Gaslit for our community Show Notes:   Opening clip: Trump: "Iran is just a military operation to me. Iran is something that was essentially largely over in two or three days." The war in Iran has already lasted 18 days. https://bsky.app/profile/thebulwark.com/post/3mhbhx7qfpn2l   Um, What Is Going on With Melania Trump in This Video? https://www.vogue.com/article/melania-trump-vladimir-putin-helsinki-video   Andrea's thread on the Melania propaganda film which you should not watch https://bsky.app/profile/andreachalupa.bsky.social/post/3mgqndjhz4k2b   This article is more than 1 month old Disappeared bodies, mass burials and '30,000 dead': what is the truth of Iran's death toll? https://www.theguardian.com/global-development/2026/jan/27/iran-protests-death-toll-disappeared-bodies-mass-burials-30000-dead   Warren Buffett's parting gift to Berkshire Hathaway: a $2 billion Iran oil windfall https://www.marketwatch.com/story/warren-buffetts-parting-gift-to-berkshire-hathaway-a-2-billion-iran-oil-windfall-4daf28ba   Russia is aiding Iran's war effort by providing intel on US military targets, sources say https://www.cnn.com/2026/03/06/politics/russia-aiding-iran-targeting   How Russian military intelligence used the Taliban to bleed U.S. forces at the end of America's longest war https://theins.ru/en/politics/277723   Putin Is No Ally in the War on Terror in 2024 https://www.washingtoninstitute.org/policy-analysis/putin-no-ally-war-terror-2024   Watch Zerina Zabrisky's powerful film for free and spread the word about Russia's human safaris in Ukraine https://khersonhumansafari.com/   Interview with Zerina Zabrisky: https://www.gaslitnationpod.com/episodes-transcripts-20/2025/11/4/is-donald-trump-dying-jd-vance-seems-to-think-so   Why are so many from this Russian republic fighting for ISIS? https://www.pbs.org/newshour/show/many-russian-republic-fighting-isis   Putin is No Ally Against ISIS https://www.project-syndicate.org/commentary/putin-no-ally-against-isis-by-george-soros-2016-02   New York explosive incident highlights challenge for agencies in wake of Iran war https://www.pbs.org/newshour/show/new-york-explosive-incident-highlights-challenge-for-agencies-in-wake-of-iran-war   Dubai financial district rattled by Iranian drones https://www.ft.com/content/2dddfaa2-a163-4e59-a6ef-7d9d6e334023?syn-25a6b1a6=1  

Warren Buffett just stepped down as CEO of Berkshire Hathaway and the investing world is holding its breath. Today, Nicole breaks down the frameworks that turned a $1,000 investment in 1965 into over $30 million, and how you can apply them whether you have $100 or $100 million. She walks through the most iconic trades of Buffett's career, from Coca-Cola to Apple to his rare misses, and extracts seven timeless investing principles that have nothing to do with hot tips or market timing. Then Nicole turns to what's next: who is Berkshire's new CEO Greg Abel, what does he inherit, and what does a nearly $400 billion cash pile signal about Berkshire's future direction? Check out Nicole's financial literacy course The Money School  Find a Financial Advisor or Financial Coach from Nicole's company Private Wealth Collective Watch video clips from the pod on Money Rehab's Instagram and Nicole Lapin's Instagram Here's what Nicole covers today:  00:00 Are You Ready for Some Money Rehab?  00:18 The End of an Era: Buffett Retires  01:03 The $30 Million Case for Long-Term Investing  01:27 Buffett's Simple (But Not Easy) Framework  02:00 The Coca-Cola Investment and Brand Loyalty as a Moat  02:53 The McDonald's Play 03:16 The Apple Surprise 04:12 Buffett's Misses 04:59 7 Investing Lessons You Can Use Right Now  06:03 Enter Greg Abel: Berkshire's Next Chapter  06:55 The $400 Billion Question  07:32 Tip You Can Take Straight to the Bank All investing involves the risk of loss, including loss of principal. This podcast is for informational purposes only and does not constitute financial, investment, or legal advice. Always do your own research and consult a licensed financial advisor before making any financial decisions or investments.

JTFoxxlive.com/links. If you want to partner, learn, get capital, do AI, do M&A, get branded see JT Foxx live, visit the link above. Listen to my exclusive interview with Vic Keller who sold 3 companies on Warren Buffet. Awe opening interview.

In this episode of Travis Makes Money, Travis and his producer Eric break down Forbes' latest list of America's top 25 philanthropists, using billionaire giving stats as a springboard to talk about generosity, impact, and what “giving back” should actually look like for everyday earners. They explore why MacKenzie Scott's record-breaking donations grab headlines, how Warren Buffett's decades-long giving compares to other billionaires, and why most people criticizing the ultra-wealthy aren't doing anything meaningful with their own money. On this episode we talk about: Forbes' data on America's top 25 philanthropists and why the richest people often aren't the most generous by percentage How MacKenzie Scott gave away roughly 75% of her Amazon shares and over 26 billion dollars in just a few years Why Warren Buffett tops the all-time philanthropist charts with tens of billions given away over his lifetime The tension between donating to nonprofits versus creating value through companies, jobs, and products Why most people overestimate what billionaires “should” give while contributing nothing (or almost nothing) themselves Top 3 Takeaways If you're not giving when you make 60–80k a year, you almost certainly won't start when you have millions; generosity is a percentage-based habit, not a net-worth number. Impact isn't only measured in 501(c)(3) donations—building companies, creating jobs, and expanding access to products and information are also powerful forms of contribution. Instead of obsessing over what billionaires “should” do, focus on what you can control: bake giving into your financial system now, even if it's just a few dollars, and increase it as your income grows. Notable Quotes “If you're not doing it when you don't have a lot, you're probably not going to do it when you do have a lot.” “It's easy to point at a billionaire's net worth, but most people aren't doing anything meaningful with their own 80k salary either.” “Stop throwing stones in a glass house—build the habit of contribution now, then let your generosity scale with your income.” Connect with Travis Chappell: LinkedIn: https://www.linkedin.com/in/travischappell Twitter/X: https://twitter.com/traviscchappell Instagram: https://www.instagram.com/travischappell Other: https://travischappell.com Travis Makes Money is made possible by High Level – the All-In-One Sales & Marketing Platform built for agencies, by an agency. Capture leads, nurture them, and close more deals—all from one powerful platform. Get an extended free trial at gohighlevel.com/travis. Learn more about your ad choices. Visit megaphone.fm/adchoices

Grab our breakdown of the 5 Low-Cost Businesses That Make $1 Million: https://www.franchiseempire.com/lowcost?utm_source=FEMarch152026Interested in learning about Snap-On Tools? Check out this podcast: https://www.buzzsprout.com/1939809/episodes/18719908The Kona Ice franchise is one of the most recognizable mobile food businesses in the United States, with over 1,800 shaved ice trucks operating across the country. But how much does it actually cost to start a Kona Ice truck, and how much money do franchise owners really make? In this video, I break down the Kona Ice franchise startup costs, royalty fees, and business model, including why the company does not disclose earnings in its Franchise Disclosure Document. We also look at how the business started, why it grew so quickly, and how Kona Ice trucks generate revenue through school events, festivals, and community partnerships. If you're considering buying a mobile food franchise or want to understand how this shaved ice franchise works, this breakdown will walk you through the numbers and the opportunity.------------------Considering Investing In A Franchise?

Mark Travis keeps the latest market volatility in perspective, noting double-digit gains over the last few years. A “reluctant seller,” he looks to heirloom businesses and aims for the long-term, referencing Warren Buffett's “sloth” strategy. Mark expects to see a “bear market of time” where markets flatline for a while rather than tumbling. He likes Garmin (GRMN), Watsco (WSO), and Sprott (SII). ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Pete Najarian is an NFL linebacker turned successful options trader and today he joins Money Rehab to break down exactly what's happening in the markets right now, where the big opportunities are hiding, and how to read the signals that the pros don't talk about on TV. Then Pete walks Nicole through a complete options crash course: calls vs. puts, covered calls, naked positions, spreads, and how Warren Buffett secretly uses options to build his biggest positions. He even pulls up Nicole's actual options account live and breaks down what he sees. Then the conversation gets deeper. Pete opens up about losing his dream home, whether he'd run for governor of Minnesota, and the surprisingly simple investing philosophy that's driven all of his success. Check out Nicole's financial literacy course The Money School  Find a Financial Advisor or Financial Coach from Nicole's company Private Wealth Collective Watch video clips from the pod on Money Rehab's Instagram and Nicole Lapin's Instagram Follow Pete and learn more at Market Rebellion Here's what Nicole covers with Pete:  00:00 Are You Ready for Some Money Rehab?  01:33 Nicole and Pete's History on the Chicago Trading Floor  03:13 Wolf of Wall Street Era  07:20 Where Pete Is Bullish Right Now 09:30 How to Read Unusual Options Activity (UOA)  11:17 Options 101: Calls, Puts, and Plain English Explanations  12:46 How to Use Options as Portfolio Insurance  16:17 How Warren Buffett Actually Uses Options  18:18 Creating Your Own Dividend Stream with Covered Calls 22:17 Pete Reviews Nicole's Options Account  23:40 Insider Trading and Options  26:12 Are Options Just Gambling?  34:18 Pete's Rules for Protecting Yourself  42:48 Secure the Bag 49:00 Pete on Politics and the Future of Investing in Sports  52:23 Pete Najarian's Tip You Can Take Straight to the Bank All investing involves risk, including loss of principal. Options trading involves additional risks and is not suitable for all investors. This episode is for informational purposes only and does not constitute financial, investment, or legal advice. Always consult a licensed professional before making financial decisions.

WAR IS COMPLETE! Oil Screaming higher Euro Nat Gas up 60% An update on JCD PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter INTERACTIVE BROKERS Warm-Up - The CTP for Caterpillar - We have a winner! - A tech earnings BLOWOUT - A seminal moment with AI and Employment trends - An update on JCD - from JSD - A Limerick for JCD Markets - WAR FOOTING - Buyers are still there... - Oil Screaming higher (Sunday night wow!) - Euro Nat Gas up 60% - Anyone wondering why markets keep going up? John Dvorak Jr. - Guest  - UPDATE ON JCD JSD: - Tell us what you are doing these days... - What was it like growing up around constant tech commentary and skepticism? - How did that environment shape the way you look at innovation and hype? - Where do you most disagree with your father's views on technology today? - Is AI making people smarter—or more dependent? - How should younger professionals think about job security when automation is accelerating? War and Oil - Iran's Revolutionary Guard says it has closed the Strait of Hormuz, per a Reuters report. - About a third of the world's seaborne oil exports passed through the Strait in 2025. - Threatening to BURN any ship that attempts to go through - The Strait of Hormuz is a critical, narrow chokepoint about 90–104 miles (145–167 km) long and 21–60 miles (33–95 km) wide. At its narrowest, it is only 21 miles (33 km) across, with shipping lanes in each direction restricted to just two miles wide to accommodate massive oil tanker traffic, representing about one-fifth of global oil consumption - Meanwhile - lots of production halts - Oil screamed to $115 on Sunday night before cooler heads prevailed AND SPR talk hit the tape. - MISSION ACCOMPLISHED? Just in... - President Trump says "I have ordered the United States Development Finance Corporation to provide, at a very reasonable price, political risk insurance and guarantees for the financial security of all maritime trade, especially energy, traveling through the Gulf. This will be available to all shipping lines. If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible" - BUT, who would even want to take the chance of moving through that area - even if there is insurance? Meanwhile LNG -Daily charter rates for LNG tankers in the Atlantic Basin have surged to over $200,000 per day. - Rates are roughly double levels seen less than a day earlier. - The spike followed Qatar's shutdown of LNG production as the conflict with Iran spread across the region. - The new offer levels are at least three times higher than the most recent assessed LNG tanker rate of $61,500, according to Spark Commodities earlier Monday. - Despite the elevated asking prices, no transactions have yet been confirmed at these levels. You thought that was BAD? - Europe in bad shape with Nat Gas after Qatar halted production (accounts for 20% of global LNG supply) Euro Nat Gas Amazon Data Loss - HEY WHAT ABOUT THIS? - Amazon Web Services said late Monday two of its data centers in the United Arab Emirates and a facility in Bahrain were damaged by drone strikes, taking the facilities offline. - “In the UAE, two of our facilities were directly struck, while in Bahrain, a drone strike in close proximity to one of our facilities caused physical impacts to our infrastructure,” AWS said. “These strikes have caused structural damage, disrupted power delivery to our infrastructure, and in some cases required fire suppression activities that resulted in additional water damage.” - This is an interesting twist on cyber-warfare - WHAT IF? - JSD: How does this impact AI and the world tech flow? Why do/did markets keep climbing? - Global debt climbed to a record $348 trillion at the end of 2025, after nearly $29 trillion was added over the year in the fastest yearly build-up since the pandemic surge - The increase was driven primarily by governments, which accounted for more than $10 trillion of the rise, with the United States, China and the euro area responsible for roughly three-quarters of the jump - Also, margin debt up 30% in 2025 - so there is that... - No wonder there is resilience in these markets... Berkshire News - Earnings from operations totaled $10.2 billion in Q4. That's down more than 29% from $14.56 billion in the year-earlier period. - Insurance underwriting profits dropped 54% to $1.56 billion from $3.41 billion a year prior. Insurance investment income slid nearly 25% from to $3.1 billion from $4.088 billion. - This was the final quarter under Warren Buffett as CEO, who announced he was stepping down at the annual shareholders meeting last May. - Full year overall earnings, meanwhile, fell to $66.97 billion from $89 billion a year prior. - NO Buybacks, bit they still have more that $350B is cash INTERACTIVE BROKERS Check this out and find out more at: http://www.interactivebrokers.com/ Irritating - UBS' top equity strategist dialed back his view on U.S. stocks, citing mounting risks from a weakening dollar, stretched valuations and policy turbulence in Washington. - Andrew Garthwaite, head of global equity strategy at the investment bank, downgraded American equities to “benchmark” in a fully invested global equity portfolio, arguing that the factors that powered years of outperformance are starting to fade. - Market weight - no risk for this guy on the call. Can't lose as will just perform with the benchmark - DUMB Dell Earnings BLOWOUT (Follow up) - Dell reported adjusted earnings of $3.89 per share, exceeding the $3.53 per share expected by analysts surveyed by LSEG. - The company posted $33.38 billion in revenue for the quarter, topping a forecast of $31.73 billion. - Stock up 22% on the news and followed through on Monday - Dell cut quote time to less that a week (prices expire) - Dell expects revenue for its artificial intelligence servers to hit $50 billion in 2027, more than double the year prior. - Much different story from HP that was complaining about input pricing.... Obviously Dell is much smarter at pass-though management of pricing. Jack on the Attack - Financial technology firm Block (XYZ), run by Jack Dorsey began slashing more than 40% of its workforce (4k people) on Thursday, saying in a letter to shareholders that AI tools "have changed what it means to build and run a company." - The AI layoffs came as the Square payment system and Cash App operator matched fourth-quarter earnings estimates, yet Block shares surged after hours. - Evercore ISI analyst Adam Frisch called the layoffs "the seminal moment to date in the AI narrative and how it could transform companies as we know it going forward." - SOOOOOO - AI is responsible for job cuts? ---- SOOOOOO - AI can replace humans and as productivity is enhanced? Duolingo - Duolingo forecast first-quarter and 2026 bookings below expectations on Thursday as it shifts strategy toward faster user growth, a move it said will weigh on bookings growth and profitability this year, sending the company's shares down more 23% after hours last week. - The company plans to roll out more AI-driven speaking tools to free users, reducing friction that previously nudged learners toward paid plans - Poster child of how AI can kill your business? - However, earnings/financials looked pretty good and there is a strategy there that may be beneficial   Love the Show? Then how about a Donation? THE CLOSEST TO THE PIN for CATERPILLAR Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!     FED AND CRYPTO LIMERICKS There is a tech pundit whose name be John, Whose sharp takes went late into dawn. He hit pause for some care, But with grit (and repair), Soon he'll be back oh so steady and strong. See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

In der heutigen Folge sprechen die Finanzjournalisten Anja Ettel und Holger Zschäpitz über einen Warnschuss für Novo Nordisk, Amazons Mega-Emission und eine Dividendenperle mit Deindustrialisierungsgefahr. Außerdem geht es um Oracle, Verizon, AB Inbev, CVS, Microsoft, Meta, Nvidia, Vertiv, GE Vernova, Pershing Square, Berkshire Hathaway, Eli Lilly, NIO, Hugo Boss, Lufthansa, Bristol Myers Squibb, Astellas, Volkswagen, Audi, Stellantis, Ferrari. Wir freuen uns an Feedback über aaa@welt.de. Noch mehr "Alles auf Aktien" findet Ihr bei WELTplus und Apple Podcasts – inklusive aller Artikel der Hosts und AAA-Newsletter. Hier bei WELT: https://www.welt.de/podcasts/alles-auf-aktien/plus247399208/Boersen-Podcast-AAA-Bonus-Folgen-Jede-Woche-noch-mehr-Antworten-auf-Eure-Boersen-Fragen.html. Der Börsen-Podcast Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. +++ Werbung +++ Du möchtest mehr über unsere Werbepartner erfahren? Hier findest du alle Infos & Rabatte! https://linktr.ee/alles_auf_aktien Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

I recently had a long conversation with a very successful professional. He's 58 years old. Highly educated. Respected in his field. Financially sophisticated — in fact, his job depends on understanding money. If you looked at his résumé, you would assume he was completely set for life. He wasn't. A couple of bad investments. Some concentration risk. A few decisions that looked reasonable at the time. And suddenly he's essentially back at ground zero — trying to start a new business at 58. This story is far more common than people realize. The Dangerous Assumption is that many successful professionals assume they'll be fine. Doctors. Lawyers. Executives. Entrepreneurs. They make high incomes. They understand finance. They know about markets and interest rates and diversification. They focus on their career. They focus on income. They even focus on investing. What they don't focus on is their own financial future with the same intensity they focus on their profession. There's a difference. Being financially literate is not the same thing as being financially intentional. Especially when you assume you always have more time. The Good News at 58 is that he still has time. A lot of time. For entrepreneurs especially, it doesn't take 25 years to rebuild. It can take five. There's a quote often attributed to Bill Gates: “Most people overestimate what they can accomplish in one year and underestimate what they can accomplish in five.” That quote is brutally accurate. In one year, starting a business feels overwhelming. Progress feels slow. Revenue is inconsistent. Doubt creeps in. But five years? Five years of focused effort, smart strategy, capital discipline, and experience compounded? That can change your entire financial trajectory. I've Seen This Movie Before. I have a very good friend who was worth over $40 million in his early 30s during the real estate boom. Then 2008 happened. The real estate debacle didn't just dent him — it wiped him out. For years, he struggled. Pride gone. Lifestyle reset. Just trying to survive. Most people would have mentally retired at that point. They would have blamed the market, blamed the system, blamed bad luck. But about six or seven years ago, he found his rhythm again. New strategy. New focus. New discipline. Today, he's worth over $60 million. I get that's not normal. But it proves something important. It Doesn't Take a Lifetime. The examples I just gave are extreme. Most people don't lose $40 million. Most people aren't rebuilding at 58. But the principle is universal: It doesn't take a lifetime to secure your future. It takes a focused season. A defined period where you are intensely clear about your objective. A stretch where: • You work harder than you're comfortable with • You manage risk better than you used to • You stop assuming income equals security • You align your decisions with a specific financial target for the future There's another quote I love: “The harder you work, the luckier you get.” Luck isn't random. It compounds around preparation, visibility, and persistence. When you are laser-focused on a financial goal, you start seeing opportunities others miss. You make better introductions. You ask sharper questions. You move faster when something makes sense. And over time, it looks like “luck.” The story of the 58-year-old professional isn't a warning about markets. It's a warning about complacency. Success in your profession does not automatically translate into security in your future. Income is not wealth. Financial literacy is not financial strategy. And intelligence does not eliminate risk. But here's the good news. If you're in your 40s or 50s and feel behind — you're not done. If you made a bad investment — you're not finished. If you took a hit — that's not your final chapter. You may just be at the beginning of your five-year season. The key is focus. Direct yourself to a destination you can visualize. That's the only way you will get there. Because in the end, securing your future rarely requires a lifetime of perfection. It requires a concentrated period of intensity. And the sooner you decide to enter that season — the sooner your next five years will start compounding in your favor. There is no one who knows this reality more than this week's guest on Wealth Formula, Rod Khleif . Watch on YouTube: https://www.youtube.com/watch?v=qogQNGbK9wk Listen on Apple Podcasts: https://podcasts.apple.com/gb/podcast/549-youre-successful-until-youre-not-with-rod-khleif/id718416620?i=1000753860685 Listen on Spotify: https://open.spotify.com/episode/7mTzyRJxjnkeiVFGCXfOni Transcript Disclaimer: This transcript was generated by AI and may not be 100% accurate. If you notice any errors or corrections, please email us at phil@wealthformula.com.  welcome everybody. This is Buck Joffrey with Dwell Formula Podcast. Coming to you from Montecito, California, I wanna remind you that there is a website associated with this podcast called wealthformula.com. That’s where you go if you wanna. Become, uh, more, uh, involved with this community, including our accredited investor club, AKA investor club, uh, very easy to join. It’s free. All you do is you get onboarded and you see lots of, uh, potential deal flow that you wouldn’t otherwise see again, that is wealthformula.com. Simply click on investor club and get onboarded. Now, as for today’s show, I had a, uh, a long conversation with a very successful professional, recently 58, highly educated, respected, financially sophisticated, in fact, in the money business. Uh, and if you look at his resume, you would assume he was completely set for life, but he wasn’t. A couple of bad investments, some concentration risk. A few decisions that looked reasonable at the time, and suddenly he’s back pretty much to ground zero trying to figure out what to do, and he’s thinking about starting a new business or maybe buying a business. Well, that got me thinking because the reality is this story is far more common than people realize, and I actually hear it fair amount. Right? Many successful professionals assume they’re gonna be fine. Doctors, lawyers, executives, entrepreneurs, making high incomes. Maybe they understand finance, they know about markets, interest rates and diversification in theory. But here’s the trap. You focus on your career. You focus on income. What they don’t focus on is their own financial future with the same intensity. They focus on the profession, and that’s. The difference, right? The issue is that being financially literate is not the same thing as being financially intentional. Now, I actually hate that word because it’s a very, uh, uh, neo agey word intentional. But in this case, I will use it because that it’s very, it’s very appropriate. But here’s the good news, even at 58, right, you still have time. You have a lot of time for, especially for entrepreneurs, it doesn’t take 25 years to rebuild. It can take five. And there’s this quote, um, it’s often attributed to Bill Gates, who, who’s been in the news lately for a lot of other stuff, but this is a good quote. He says, most people overestimate what they can accomplish in one year and underestimate what they can accomplish in five. And that quote is so true. I will, it’s incredibly powerful and it’s very, very useful to think about and. Put in the back of your mind because in a year, like you’re saying, you’re starting a business, it’s gonna feel overwhelming. You may lose money, you know, slow progress, revenue, inconsistent five years, you know, with focused effort and you know, good strategy and discipline. The financial trajectory of your life could completely change over that five years. In fact, I will say that with my first business that I ever started, that is absolutely what happened. I was just pretty much outta residency, didn’t have any money, and within five years I was rocking and rolling. You know, it was a, it was, you know, it wasn’t worth, you know, hundreds of millions of dollars. But I, I, I was, I was doing way better. If you look over five years, it’s an incredible trajectory. And it’s not just me. I mean, there’s guys who’ve done it more extreme ways. I talk about this friend, a lot of times he was worth like 30 or $40 million in his early thirties, and then 2008 happened. It didn’t just kinda dent him, it wiped him out, and for years he struggled. Lifestyle kind of reset a little bit, just trying to survive. You know, there’s this saying in business that the key to su success in business is to stick around long enough until you get lucky again. Well, sometimes that’s true. And a lot of people might have, uh, kind of mentally retired at that point. But the reality is he stuck with it. He rebuilt about six or seven years. He was kind of sideways, then another six or seven years, new focus, new discipline, and today worth 60 million bucks. Now, that’s not normal, right? But it does provide, uh, it does, it does kind of provide an important point. It doesn’t take a lifetime always. Now most people don’t lose $40 million, and most people aren’t rebuilding necessarily from zero at 58, but the principle really is universal. It doesn’t take a lifetime to secure your future. It takes a focus season to find period where you’re intensely clear about your objective. It’s a stretch where you work harder than you’re comfortable with, and maybe it’s not fun to do that in your fifties or sixties. You manage risk better than you used to. You stop assuming income equals security. You align your decisions with a specific financial target. You know what, there’s a another line I love, another quote, and I don’t know where this one comes. I, I, I think it was some hockey coach of mine way back. It’s that the harder you work, the luckier you get. The thing is that luck isn’t random, right? It compounds. Around preparation and visibility and persistence. And when you’re laser focused on a financial goal, you’re gonna start seeing opportunities that are out there that others might miss. You’re gonna make, you know, better introductions, ask sharp questions. You move faster when something makes sense, and over time it starts to look like luck. I think the real lesson, um, about the situation that people get into, like this person I was talking about is. That it, it’s not a warning about markets per se, although markets have a lot to do with it. It’s a warning about complacency. You know, success in your profession does not automatically translate into security in your future. You know, income as you know, is not really wealth and financial literacy is not financial strategy. Although literacy is really, really important. You gotta have a strategy. And you can be really, really smart and not eliminate, you know, or mitigate risk enough. So if you’re in your forties or fifties and feel behind, you’re not done. Okay? You made a bad investment, you’re not finished. If you took a hit, I’ve taken plenty of heads, especially the last few years. It’s not your final chapter. You may just be looking at the beginning of your next five year season. And the key is focus clear goals, define targets, discipline, action. The sooner you decide to enter that season, the sooner your next five years will start compounding in your favor. Man, I gotta tell you, this is a, an ongoing story I hear a lot about, so again, think about that Bill Gates quote, you, you know, people tend to way overestimate what they can do in a year. Grossly underestimate what they could do in five. Anyway. There’s no one who knows this better than my guest on this week’s Wealth Formula podcast. Rod Cleef. Many of you already know him. We’ll have that conversation right after these messages. Wealth Formula banking is an ingenious concept powered by whole life insurance, but instead of acting just as a safety net, the strategy supercharges your investments. First, you create a personal financial reservoir that grows at a compounding interest rate much higher than any bank savings account as your money accumulates. You borrow from your own bank to invest in other cash flowing investments. Here’s the key. Even though you’ve borrowed money at a simple interest rate, your insurance company keeps paying you compound interest on that money even though you’ve borrowed it. At result, you make money in two places at the same time. That’s why your investment. Get supercharged. This isn’t a new technique. It’s a refined strategy used by some of the wealthiest families in history, and it uses century old rock solid insurance companies as its backbone. Turbocharge your investments. Visit wealthformulabanking.com. Again, that’s wealthformulabanking.com. Welcome back to the show everyone. Today my guest on Wealth Formula podcast is Rod Thief. He’s a real estate investor, author, and mentor with decades of experience in multifamily investing. Uh, he’s built and sold hundreds of millions, uh, in, in apartment assets and teaches thousands of investors through coaching masterclasses and his life. Uh, lifetime Cash Flow Academy. Uh, rod, how you doing? Good, brother. Good to see you, my friend. Let’s review, but you know a little bit about you, your background. Sure. You know, uh, sure. We have an interesting story. Okay, well I’m a Dutch immigrant, you know, think wooden shoes and windmills. I immigrated to this country, uh, when I was six years old with my brother Albert, my mother’s cia. Um, and we ended up in Denver, Colorado. Uh, struggled initially. Really struggled actually. And, and I remember, uh, wearing hand me down clothes all the way through junior high school until I finally lied about my age when I was 14 ’cause I was tall and said I was 15 so I could flip burgers at Burger King. You know, and I’m sure you’ve got listeners that had it harder than I did, but I knew I wanted more. And luckily my mom had an incredible work ethic and so she babysat kids so we’d have enough money to eat. And with her babysitting money, she was an entrepreneur and invested in real estate. Um, and her first real estate acquisition was the house right across the street from us. When I was 14, she paid about $30,000. And then when I was 17, she told me she’d made $20,000 in her sleep. It had gone up in value. And I’m like, what? Forget college. I’m getting into real estate. So I. Went and got my real estate broker’s license right when I turned 18, which you could do back then with education. Now they got, they got smart you, they need some, you need some experience. But, uh, I was a broker. I was smart enough to go work for a broker. But, um, you know, my first year in real estate I made about eight grand. My second year, maybe 10 grand, but my third year I made over a hundred thousand dollars, which back in 1980 was some pretty decent money. And so what happened between year two and year three? Uh, the 10 x my income was what? What happens? I met a, a guy, he was a broker. I was working for actually, it taught me about the importance of mindset and psychology and how really 80 to 90% of your success in anything is just that your mindset and psychology. So fast forward to today, I’ve, I’ve owned over 2000 houses that I’ve rented long term. I own thousands of apartments now, and I’m also buying senior housing now, which I’m excited about. And you know, in 2006, my net worth went up $17 million while I slept. And you might say, wow. I said, wow, I got a head so big I could barely fit it through a door. And I thought I was a real estate God. And you know, when that happens, God of the universe will give you a nice little SmackDown. Well, that was 2008. I conservatively lost $50 million in 2008 and nine. What I’m known for talking about on my podcast, which I’m blessed to say at this point’s, the largest, uh, commercial real estate podcast really in the world at this point is, and, and the reason being is I spend time talking about mindset. You know, people don’t remember what you said, but they remember how you make him feel. And I do little clips every week called Own Your Power, their motivational clips. And, and I think that’s the reason it’s been so well received. But, uh, you know, I’m known for talking about the. Mindset it took to have 50 million to lose in the first place. And you know, maybe more importantly, the mindset it took to recover from losing it. But, uh, you know, I’d love to, we can chat about that if you like, or I’d love to talk about the state. Yeah. Whatever you It’s a, it’s, I think it’s appropriate to talk about that right now, rod. I mean, I think Okay. You know, in this, in this market with what we had, you know, um, you know, there’s been a, there’s been a lot of pain in multifamily and Yeah. You know, it’s, you know, you and I have talked about this before where. Part of success is, is trying to recognize particular situations. Um, you know, you talk about Warren Buffet and how Warren Buffet says be greedy, when others are fearful and all that, that’s great, but it’s really hard to do. Right? And so help us understand like, sure. You know, uh, how, how do you, how do you do that? Sure. How did you go and how bad did it get? Well, I lost 50 million. I lost $50 million, so it got pretty freaking bad. Okay. I call ’em seminars. That was an expensive seminar. Yeah. Yeah. And very little, uh, so it was, it was ugly. It was ugly, but. It was, it’s, I, I’ll be, I’ll be candid. The strategies I’ll share very briefly here, the strategies, I’ll share the same strategies you would use to get started. Okay. You know, if, if you know you need to do something, and we talked about this, uh, uh, before we started recording, you know, the. With ai, a lot of jobs are going away. You know, if you heard of Elon Musk on, on Joe Rogan’s last epi episode, or the last interview he did with Joe Rogan, you know, he said any job in front of a computer is pretty much gonna be gone like lightning, like a year or two. I mean that fast. It’s crazy. And so, you know, and even, you know, surgeons are, are, are, are gonna be replaced by robotics and, and on and on and you know, and I think there’s gonna be it professionals, uh, you know, there’s gonna be a lot of. Pain for the people that don’t proactively, you know, reinvent themselves, start thinking about what they’re gonna do to reinvent themselves. Maybe it’s an ai, maybe you’ll learn ai, but, but you better think about it now or if you’re in one of these positions. So when the shoe drops, you’re ready because. Uh, there’s a lot of opportunity. I mean, there’s 10,000 people a day turning 65 in this country. You could buy businesses, um, you know, uh, I’m in, I’m, I’m excited about senior housing. They need beds, you know, and, and there’s a huge shortage of beds, but, so there’s a lot of opportunity, but you better pick something if you’re in one of these fields and get busy starting to study it and learn it, and do it on the side so that when the shoe drops, you’re ready. That’s, I don’t wanna scare you, but I just wanna open your eyes. To that fact. But so how, how I recovered from losing $50 million again, is the same strategy I would tell you to use to get started. And it’s first thing, it starts with goals. You gotta figure out what it is you want. ’cause how do you get anything if you don’t know what it is? Because with the goals you create a burning desire or a hunger and you’ve gotta have that to push through fear and limiting beliefs and so on and so forth. And, um. You know, I, I, that’s, if you come to one of my bootcamps, I do a virtual bootcamp every couple of months. It’s two days. I don’t sell anything there. And I’ll tell you later how you can come for 47 bucks. So it’s no excuse. But, but the first thing we do is goal setting on steroids, uh, because you’ve got, again, you’ve gotta create that hunger. Now, I’ll, I’ll say this to you, if you have no interest in, in, uh, learning what I teach. At my link tree, I did my goal setting workshop. It’s an hour. There’s a guide you can download if you go to rodslinks.com or text the word links if you’re driving, uh, to 7, 2, 3, 4, 5 at the bottom. My, is my goal setting workshop. And you know, here’s the thing, buck, people spend more time planning a freaking birthday party than they do designing their lives. Doing your goals is designing your life. So you know, if, if, uh, if you haven’t done ’em in a while, go to Rods, links, go at the bottom. There’s my workshop, there’s a guide. You can download ’em. Not gonna try to sell you anything. Spend an hour with me. Have your spouse do it. Have your kids do it if they’re over 10 years old, and design their lives. So again, it starts with goals. So that’s the first thing I did was reassociate with my goals. Then the second piece is you gotta make a decision. And I don’t mean dip your toe in the water. I don’t mean one foot in, one foot out. I mean, you decide it’s done. Okay. The Latin root for the word decision means to cut off. If you’re gonna attack the island, you burn your ships ’cause you’re taking their ships home. That’s a decision. And, and that’s what I did. I said, okay, enough, quit feeling sorry for yourself. Pick yourself up and go make something happen. And that’s, that’s what I did back then when I lost everything. But it’s the same thing again. If you’re, if you’re in a job and you’re. You’re just not where you want to be. So we make that decision and then you gotta take the first step, uh, you know, buck. And that’s, that’s pretty much it. You know, Dr. Martin Luther King said, you take that first step in faith, the next step will be revealed. And you know, LA Sue said the journey of a thousand miles begins with a single step. But, you know, in our business and, and, and the investors that we deal with and, and the, you know. Uh, active investors and, and, and passive both, as many of ’em are very analytical and you know who you are. If that’s you and I love you, you’re some of the most successful students that I have and successful people in our businesses. However, I also know how you have to check off every single box before you make a move, and you can’t do that here. Okay? You’ve got to, you’ve got to recognize that you’ve gotta have enough faith. To get started, you know, you can go all the way across the United States at night with your headlight only seeing 50 feet in front of you. And, you know, you can make it, you know, other people have done it before you, you know, there’s a, there’s a, there’s a, a road. And, uh, it’s the same way. You may have some obstacles, but, uh, it’s the same way with this business or really any business. But you, you, you’ve got to take that first step. And, you know, a, a lot of people fear failure, and I’m gonna tell you, don’t fear failure. Fear being in the same place you are right now, a year or two from now, unless you absolutely freak. Love where you are right now. Fear, fear, regret. That’s what I would fear if I were you. I, I, there was this nurse in Australia, a hospice nurse, uh, and her name was Bronny Ware. She asked patients when, who were about to die, if they had any regrets, and she wrote a book about it as a national bestseller. Something like The Five Regrets of Dying. You know what the number on regret was? It was Living the, not Living the Life I could have lived living someone else’s life, not doing what I know. I’m capable of fear that don’t fear failure, you know? Well, the next piece is fear and limiting beliefs. So fear, you know, every successful person have has fear. Now we, we, we, entrepreneurs call it stress, but it’s fear. And, you know, action mitigates fear. You wanna mitigate fear, take action. Go do something. If I’m, if I’m laying in bed at night, it’s three in the clock in the freaking morning and something stresses me out again, stress is fear. That’s what we achievers call stress. Uh, it’s fear. Uh, and, and, um. If something wakes me up and I’m stressed about it, I literally will get outta bed and just go write down some notes. I used to have a pen with an electrical pen that drove my ex-wife crazy and I’d, I’d write notes sometimes fill up pages of notes in bed so that I’m taking some action so I can go back to sleep. So there’s a, there’s a very simple example of it, but anytime that I am fearful about something, I take massive action towards it. Just, just taking steps, doing things. That will mitigate it. And it’s just how it works. So, I mean, it’s, it’s, it’s as simple as that buck. I mean, you just have to do some things. Towards that fear now. Now, the other thing is, if you don’t take action, the fear expands. So that’s the, uh, uh, that’s the antithesis there. So, so you, you need to take action because that’ll, that’ll mitigate it. The, the next piece really is limiting beliefs. You know, when I immigrated this country, I didn’t speak English. I got thrown into school, found out what bullies were for the first time. So I got my butt kicked occasionally, hadn’t learned how to fight back, and then my mom, this is the prop, sent me to school in these wooden shoes. And these are the actual wooden shoes. We found them. When we put her in senior house, senior living in, and these leather shorts, the Germans wear for October Fest, I had to wear that to school. And of course that was crack cocaine for the fricking bully. So I got my ass kicked again. And don’t wooden shoes, rod Or, or those, yeah. Yeah. Wooden shoes. Wooden shoes. Yeah. These are from Holland, man. That’s where I was born. Yeah. My mom. Proud Dutch woman. Yeah. This is, they’re wood. They’re real wood. The farmers still wear these things, uh, ’cause they’re good to go through mud, but they’re crack cocaine for bullies. Okay? And so, yeah, you know, uh, I, I, I got my butt kicked again and, and I came up with this belief system that I wasn’t good enough. I used to ask myself, how can I show them I’m good enough? And a lot of people have these limiting belief systems. I’m not good enough. I’m not courageous enough. I’m not strong enough. I’m not old enough. I’m not young enough. Here’s the thing to remember. There’s a reason the acronym for Belief Systems is BS because 99% of them are bs, but we believe they’re real. I mean, I used to be afraid to raise my hand in front of 10 kids in a classroom, and because of fear of rejection, now I speak in front of thousands of people a year, usually in flip-flops. Okay, so you know, you can mitigate this. So if you’re aware of one of these. Limiting beliefs, BS belief systems, drag it out into the daylight. Look at it with your adult rational mind. You’ll recognize that it’s BS and it will dissipate. But you gotta, you gotta think about it consciously and it’ll, it’ll go away. Um, the, the next piece is focus. Um, you know, focus really is power and whatever we focus on gets bigger, both positive or negative. Okay? So it’s very important that you focus on what you want, not what you don’t want. I’ll get, people call me and say, how do I get outta my student loan debt? I’m like, wrong question. How do you make so much money? The debt’s irrelevant, is the question you need to be asking. They asked Mother Theresa if she was anti-war. She said, no, I’m pro peace. I mean, you get it, right? And, and so, and in fact, I’ll give you another example. So I, I, my podcast is over, I believe, over 30 million downloads, which doesn’t sound like a lot in our social media world, but in, in the podcasting space, it’s not bad. But I listened to two podcasts, Joe Rogan and Tim Ferris. I try to get both sides of the aisle. I’m definitely on, on one side. Uh, but, but, um. They get, and the reason I bring that up is they get about 30 million a week, you know, but that big podcast. But, but, um, on, on Tim Ferriss’ show, he interviews the best of the best in the world. You know, the best athletes like Michael Phelps, NFL players and NFL players, NBA players, actors like Hugh Jackman, ed Norton, Jamie Fox, Arnold billionaires like Ray Dalio, heads of the biggest companies on the planet like Zuckerberg. And he deconstructs their success. It’s very intelligent conversation. I mean, I, I love listening to it. I started to hear a pattern, uh, they almost all meditate. What does meditation enhance? Focus, right? So focus is a really important piece of, of, of success. And just a couple more. One is playing, the next one is playing to your strengths. You know, when, when you, when you go to reinvent yourself or if you’re struggling, you know, or, or gonna start something. Play to your strengths and hire a align or partner for your weaknesses. Like in our world, you know, there’s lots of different hats you can wear. It’s a team sport. You could be the person that finds the deals and analyzes them. If you’re analytical, you could be the mouthpiece like me or you, and you’re, you know, raising money, talking to brokers and, and getting the word out. You could be the. You know, the um, asset manager, if you’ve got some project management experience, construction experience, there’s lots of different hats you can wear, but you wanna play to your strengths. Your strengths are your greatest assets. Don’t try to maximize your fears. You’re gonna get much further. Like I said, if you hire aligner partner for your weaknesses, you know, some of the most successful. Um, partnerships I see in the business are an analytical, introverted person with an extroverted, outgoing person. I mean, that’s a match made in heaven in our business. ’cause our business is primarily empirical. You ask the right questions, uh, and, and you get the numbers right. You know, it’s kind of hard to make a big mistake. Um, and so. You know, just make sure you’re playing to your strengths and when you’re playing to your strengths, you’re gonna have passion and passion’s required to influence people. Right? ’cause you love what you do, so you’re passionate about it. So again, real heavy duty argument to play to your strengths. Yeah, I think the last piece, the last piece is, is peer group. Um, you know, who you hang out with is who you become. You’ve heard it, you’ve heard it before. So if you’re gonna get into something, get around people that are doing it. Like my Warrior Coaching program, I’m, I’m gonna brag. I, I, like I said, they own 300,000 multifamily units that we know of. I’m, I, it’s, we’re counting, uh, we know it’s close to 300,000. We’re at like 275,000 or something. I know there’s a lot we’re missing. And, you know, tons of senior housing, tons of self storage, tons of industrial flex space, um, retail mixed use, you name it. Uh, mobile home parks, and. Almost all of those deals were done between warriors, between my students. So you know, ha, who you hang out with is who you become. You know, if you show me your three best friends, I’ll show you who you are in your relationships, your happiness, your health, and definitely your finances. But see, so many people default to a peer group they went to school with or they work with, and those people with their own fears or limiting beliefs might hold you back, you know, afraid of losing you, afraid of feeling less than if you succeed. And sometimes it’s family. I’m gonna tell you, love your family, but proactively choose your peers. Right? You know, and when I was losing everything in 2008 and oh nine, I was in Tony Robbins Platinum Partnership and there were people there that were killing it in that crash, uh, you know, thriving. And they’re like, get up, you puss. 50 million Schmill. Go make something happen. That’s who you wanna be around, not only while you’re building, but certainly when the proverbial stuff hits the fan, right? Uh, so anyway. I, that those are, those are some of the big pieces. Yeah. Well, that, I mean, that’s, let, let’s talk a little bit about the, the business that you’re in. Um, you know, you’re, you’re heavily involved with real estate. Obviously these, uh, mindset things are a great place to start. Now you go out there, let’s talk about where the market actually is and what you’re seeing in this market right now. Does your represent opportunity to you? There’s a ton of opportunity because there’s a ton of people in trouble, sadly. Right. Okay. A lot, a lot of people got adjustable bridge debt. You know, these rates have gone through the moon. I’ll give you a small example. We were looking at a small asset in San Antonio where I’ve got some assets and I. And there, the lender reserve payment that this guy had to pay to prepare for a refinance went from 8,000 a month to 80,000 a month. Do you think that’s painful? Right. And you know, and, and when you’ve got a multi tens of millions of dollar loan on a property and the interest rates adjust several points, you’re done. And, and so that’s just on the interest rate piece. Uh, mentioning my SEC attorney had six foreclosures in one day, apartment complexes, uh, clients, new clients that came to him, he told me like three weeks ago. So who knows how many since then. But you know, there’s a lot of deals and trouble and it’s sad. It’s very sad. But, uh, that’s just one piece is the loans. Uh, the expenses have gone through the thick and roof. I mean, I’ve got maintenance supervisor that’s making $40 an hour at this point, which is crazy. Uh, you know, I, I teach at my bootcamps. Uh, I used to teach a 50% expense ratio. That’s what you want to have. Now I teach 60% ’cause they’ve gone up that much. And so, you know, there’s a lot of pain in the market. But with crisis comes opportunity. There’s incredible deals. I’ve got a a, a 200 unit asset in San Antonio. Um. That is on a lake, and right next door is a 300 unit, 300 plus unit asset. Um, it’s sold the 300 units sold for 43 million in 21 or 22. It’s, it’s with the bank, it’s down to 28 million now. And I’m not even interested unless it gets to 24, unless the rates drop significantly. And so 43 to 24. So that’s what’s out there right now. And di I think you just bought a, a deal at like a 40% discount, didn’t you? Yeah. Yeah. Yeah. And here’s the thing, which is what I wanted to get into as well, and I I just bring, bring people’s attention to it, is that these times in history don’t happen that frequently. Right? Right. And it, and it’s interesting what the, the last multiple, uh, opportunities we’ve, we’ve, we’ve capitalized on, they have been all these situations where it’s a debt problem, right? It’s, it’s an asset that’s performing fine. But someone’s got a month, uh, to go and they just need to get out. They’re gonna lose all their equity, their debts due. Um, yeah, their debts do, there’s like this, this wall of debt, like, I think it’s like a trillion dollars of debt due by the end of this year. So what we’re seeing is, you know, the last several opportunities, 30 to 40% discounts on basis, uh, compared to just two or three years ago. And I think the challenges for investors is that like. In the background, those of us who’ve been through the pain are still feeling the pain and you feel very gun shy about it, right? Yeah. Yeah. Um, and you also start thinking, well, 30 to 40% discounts. Uh, you know, this, this is, this sounds very scary, but in, in reality, I, I’m trying to get people to understand that, that those discounts only last for so long, right? I mean, that if you look at like the, the debt. That’s out there. Most of that really bad debt washes away at the end of this year. At 2026. Yeah. After that, like those 30 to 40% discounts that like people are hearing so often, they’re not gonna be there anymore. No, that’s, and what I, and what I hate to see is people wait two or three years from now and all of a sudden there’s a frothy market and everybody’s jumping on the bwa. ’cause that’s what they always do. That’s not, you wanna be a net seller in that market. That’s right. And, and you know, it’s like you mentioned Warren Buffet’s famous quote, be greedy when others are fearful and fearful when they’re greedy. And, and so right now they’re fearful, which is making harder to raise money. And I’m, I’m having the same conversations. It’s like, Hey, if there was ever a time, it’s right now and now. Now the key, now the key. Differentiator or key factor is it’s all about cash flow. You know, like I said, that that deal at 43 is down to 28. 28 still doesn’t make sense for me. So it’s all about cash flow. And so, you know, I wrote a bestselling book. I’ll brag about, hang on, I’ll show it here. It’s called How to Create Lifetime Cash Flow through Multifamily Properties. The reason I bring this up is the subtitle is The New Rules of Real Estate Investing IE The new rules is it’s all about cash flow. I don’t, you know, I can brag about what you, you know, the discounts you can buy a property for, but it, it’s all about the numbers. It’s got a pencil, it, so cash flow is king. Um, so would you agree with that? Oh, a hundred percent. No. The interesting thing is though, that like, that’s a, that’s actually in real estate. That’s a principle I think a lot of people had, and I think what ends up happening is when the market gets frothy, you kind of skip that step, right? Because then what you’re, then what happens is that the market becomes so competitive that you’re trying to project, okay, I can get this from here to here and I can make it cash flow pretty quickly. And that’s when it gets dangerous, right? Yeah, yeah. Because listen, when Mark, when, when, when rates were, were as low as they were, you could do that. Now what? As soon as they started accelerating, well then you just got behind and, and you, you couldn’t catch up. And that’s kind of what happened. No, that’s it. And the expenses. Yeah. Yeah. They, the business about this market though, and maybe you can get some perspective on this, is what happens. You’ve experienced multiple real estate cycles and one of the opportunities that real estate investors have had throughout the decades is investing in a market where interest rates start to fall. What happens? Well, what happens is, is, is, is, is values As values go up, you know, and here’s the other thing, you know, uh, uh, with inflation, inflation’s not going away. And when you buy a property, the debt’s locked unless you do the adjustable rate thing. But if, if you get a normal, a normal mortgage. The, the rent, the debt is locked, but your, your interest, your rents are gonna continue to climb here. They’re going up, they’re gonna keep going up. And, you know, and, and of course the value of, of what we do is based on a multiple of the net income, the NOI, the net operating income. So any increase of the rents is gonna go to the bottom line. And, and so your values are gonna go up. So again, incredible opportunity to get into this real estate now. With the debasement of the US currency, with with, with all the money they’re printing and everything else, you’re, you’re seeing incredible rises in, in hard assets like gold, silver, of course, we saw a crash in Bitcoin ’cause it’s ethereal, it’s air, but, but real estate, uh, is, is you look at it over, over, you know, 50 years and, and it only goes one direction. It has some dips, but it continues to go one direction. And, and so, you know, I, I love real estate. I always have and. And, and always will. And so, you know, that’s why I teach it, you know, I do, I teach multi and I now teach multiple asset classes. I just taught multifamily for a long time, but now I teach pretty much every asset class and I’m, yeah. So what’s, uh, housing too? Yeah. Tell us a little bit about senior housing and um, yeah, what you’re doing there. I, I, I’ve only purchased one assisted living facility so far, but my students, my God, I can’t even count how many assisted living facilities and memory care units they have. But I, I’m, I’m gearing up. I have a whole team doing it. Uh, we’re cold calling and, and, and the, the, the out, the goal is. Is, uh, uh, 12 units in the next 18, I’m sorry, 12 separate facilities in the next 18 months. And we’re growing up to do that. Uh, we’ve got a ton of interest. And here’s the, here’s the reason why they call it the silver tsunami. There’s, there’s six, 10,000 people a day turning 65, and it goes forever. And it seems like forever. I mean like literally a over a decade and. And again, um, you know, those people. Uh, so there’s a lot of opportunity with that. There’s an opportunity to buy businesses as well. A lot of ’em wanna retire and own businesses, so there’s an opportunity there. But, but, um, in senior housing, there’s, there’s a huge shortage of beds. And, and I’m quite candidly, I’m not sure we’re gonna be able to match the need in the shortage of beds, but there’s a huge shortage of beds and, and so, um, you know, and to build new. The about the least you can build a place for is $200,000 a bed. Well, there are facilities that got crushed by COVID where you can buy. Facilities for sub a hundred dollars a bed. So there’s, there’s a, there’s an opportunity there that we’re capitalizing on. It’s very exciting. Uh, that won’t be around there a lot of, is there a lot of competition from, you know, big money institutions, that kind of thing in this space that are sort of pushing prices up? Because I would think if they would have to, yeah. Yeah. I would think they would have the same sort of thesis overall. So the larger facilities, yes. The, you know, I, I’m not doing the, the 200 bed facilities, you know, I’m in the 50 to a hundred range, you know, uh, kind of the mom and pop range as it were. Uh, and. So, at least to start, I mean, at some point I’ll compete with the larger ones, but we’re starting there and, and there’s just an incredible opportunity to, to get to, and the returns are fantastic. I mean, we’re seeing 15% cash on cash, 25% IRR, realistically not BS returns. And so, you know, it’s very exciting, honestly. And, and, and, and, and again, it’s got legs. It’s not going anywhere. It’s not like one of these things that’s cyclical. There’s, there’s the, these people are retiring. They’ve impacted everything from Pampers diapers to suburbia, and they’re gonna impact, you know, senior housing in a big way. So, um, you know, it’s, it’s that, that’s exciting. Yeah. I got crushed by that wave in 2008. I got crushed by that wave. I’m surfing this wave. Yeah, yeah. Yeah. Good for you. So tell us, you know, a little bit more about how people can get involved. It sounds like you got a lot going on there. So tell us about Well, I, I, I teach, you know, I teach this stuff. I have, I’ve had, I dunno, upwards of 20,000 people attend my bootcamps by the way. Really never had a complaint except that the breaks are too short. ’cause I, I packed three days into two days, but I teach this business and soup to nuts, how to find deals, how to pick a market, how to pick a team, how to underwrite them, how to finance them, how to raise all the money for them, on and on. And so if you go to Rods. links.com. That’s my link tree. That’s where my goal setting workshop is. If you want to do your goals, do it there. But, uh, if you come to my bootcamp, that’s the first thing we do. Uh, ’cause I, I need to have you get very focused on what you want. But, um, you know, it’s two days of training. I don’t sell anything and you can come for $47. So tell me your excuse. Okay? And the bonus, the bonuses are thousands of dollars. You get my deal evaluator software, my document library. You get all this stuff. And you know, and candidly, if you come to the bootcamp and. On Monday, you decide it wasn’t worth it, you didn’t love it. I don’t mean like it, I mean, love it. I’ll give you your 47 bucks back. It’s never happened, but it’s first time for everything. So, yeah, no, I, I, I love what I do. It comes out and what I do, and I, I spend time on mindset too, because again, that’s 80 to 90% of it. That’s why my students are so freaking successful. They actually do it. Um, and so. I, I, I really love it, and that’s where I’ll continue to do it. So I’m, I’m doing one of these virtual events pretty much every month and a half. I’ve got one coming up, I don’t know when this’ll air. I’ve got one coming up in March, March 7th and eighth, and there’ll be one, you know, 60, 45, 60 days after that. So, yeah. Fantastic. Rod, thanks so much for being on the show today. Oh, I appreciate it. I appreciate it. Uh, thank you. And, and again, it’s Rod’s links or text links to 7 2 3 4 5. Matt, thanks. Thanks for having me on. Buck, it’s great to see you again. You make a lot of money, but are still worried about retirement. Maybe you didn’t start earning until your thirties, now you’re trying to catch up. Meanwhile, you’ve got a mortgage private school to pay for and you feel like you’re getting further and further behind. Now, good news, if you need to catch up on retirement, check out a program put off by some of the oldest and most prestigious life insurance companies in the world. It’s. Called Wealth Accelerator and it can help you amplify your returns quickly, protect your money from creditors, and provide financial protection to your family if something happens to you. The concepts here are used by some of the wealthiest families in the world, and there’s no reason why they can’t be used by you. Check it out for yourself by going to wealthformulabanking.com. Welcome back to the show everyone. Hope you enjoyed it. We talked about a lot of things, but I think the mindset step is really important. So if you’re one of those people. Who is worried about, you know, a time in your life right now, or that that things aren’t going well? Things can turn around really quickly. You just gotta have some, you know, you gotta have the right mindset. You gotta have the right goals. That’s it for me this week on Wealth Formula Podcast. This is Buck Joffrey sign now. If you wanna learn more, you can now get free access to our in-depth personal finance course featuring industry leaders like Tom Wheel Wright and Ken McElroy. Visit wealthformularoadmap.com.

Send a textWilliam Rivera scaled Ecom Degree to over $30 million using webinar funnels, personal branding, and paid ads — and now he's revealing which skills AI is making obsolete and what online business owners should learn instead. In this episode, we break down how AI tools like Manus, Claude, and Meta's ad platform are replacing copywriters, media buyers, and graphic designers, and why creativity, focus, and idea execution are the skills that will survive. Whether you're choosing between e-commerce, info products, or affiliate marketing, Will shares exactly how he evaluates online business models and why he pivoted from info to Medicare for recurring revenue and a real exit.You'll also learn why Will says we're in a "trust recession," how to pick one mentor and stop consuming conflicting advice, and why boring businesses paired with AI systems are the biggest opportunity right now for digital marketers. If you're an entrepreneur trying to figure out what to build next, this conversation will give you serious clarity.Drop a comment with the AI tool you're using most right now, and subscribe for more episodes on building real businesses.#aibusiness  #onlinebusinesstips  #entrepreneurmindset TIMESTAMPS00:00 – How William Rivera Built a $30M Info Business03:11 – How AI Is Changing E-Commerce and Online Business05:52 – Best AI Tools for Ad Creatives and Scripts07:44 – Info Products vs E-Commerce vs Affiliate Marketing10:23 – Why People Think Making Money Online Is a Scam12:04 – Trust Recession in the Online Course Market13:48 – How Medicare Brokers Make Recurring Revenue16:55 – How to Pick One Business Model and Stay Focused24:55 – Why Boring Businesses Are the Biggest AI Opportunity27:25 – What Jobs AI Is Actually Replacing Right Now30:48 – Why Middle-Skill Workers Are Most at Risk from AI36:31 – Skills AI Is Killing: Copywriting and Media Buying39:14 – Why Creativity and Ideas Still Beat AI41:42 – What to Learn at 18 Instead of Going to College43:41 – Warren Buffett's One-Word Success Secret: FocusConnect with Us!https://www.instagram.com/alchemists.library/https://twitter.com/RyanJAyala

War risk in the Middle East is back on traders’ screens - and the ripple effects are already shaking oil, defense stocks, airlines and global markets. Escalating tensions in the Middle East - including Iran’s unprecedented leadership succession - are sending shockwaves through global markets. Oil has surged above US$100 a barrel for the first time in years, reigniting inflation fears and putting pressure on equities. Defense companies are rallying while travel and aviation stocks stumble amid rising geopolitical uncertainty. Meanwhile investors are watching Greg Abel’s first major moves as CEO of Berkshire Hathaway for clues on the next phase of Warren Buffett’s empire. Closer to home, the Straits Times Index slipped for the week as Singapore Airlines, SATS and Jardine Matheson came under pressure while ST Engineering surged on defence optimism. In this episode of Market View, hosted by Michelle Martin we unpack how geopolitics is reshaping sector winners and losers.See omnystudio.com/listener for privacy information.

The $15 Lunch That Quietly Steals the Future Bruce and I were talking recently about something that looks harmless on the surface—and yet it explains why so many people feel stuck. Bruce went to lunch and noticed groups of high school kids spending $15–$20 a day at a sit-down restaurant. Every day. And it hit him: we hear the same families say, “My kids will never be able to afford a home.” https://www.youtube.com/live/pIMRNKh4wuQ This isn't about shaming anyone. It's about seeing what's really happening. Because wealth isn't built by one big heroic moment. It's built by the quiet decisions that happen over and over, especially when nobody's watching. That's why this matters: if you're saving, you're already doing something most people don't. But saving alone isn't the end goal. The goal is learning how to turn savings into wealth—so your savings stops sitting idle, stops losing ground to inflation, and becomes part of a system that builds long-term financial strength. How to Turn Savings Into Wealth (Without Chasing the Next “Hot” Thing) If you've been saving money, I want you to hear me clearly: you're winning. Saving is the admission ticket. It's the foundation. It's the habit that makes everything else possible. But here's the tension we see all the time: You save… and it feels like it's just sitting there. You save… and inflation makes you wonder if you're falling behind. You save… but you don't feel confident about what to do next. So in this article, Bruce and I are going to walk you through a simple but powerful shift: Stop thinking of savings as “parked money.” Start thinking of it as net investable income. And then we'll show you how to build a wealth building system that helps you: develop the financial habits of wealthy people avoid lifestyle creep position capital for opportunity build wealth without high risk and create liquidity and control in investing You'll also learn why the cultural mantra “get your money moving” can be dangerous—and what to do instead. The Core System for Turning Savings Into Wealth 1) How to Turn Savings Into Wealth Starts With One Habit: Delayed Gratification Bruce said it plainly: without the habit of saving, you don't have capital to deploy. And here's what's important: delayed gratification is not a scarcity mindset. It's a decision to value your future self. Bruce shared the story of when he and his wife got married in 1986. They didn't have much. They chose to live simply—walking in the park, baking a peach pie from peaches they picked themselves—instead of spending money trying to keep up appearances. And in less than a year, they saved enough not only for a down payment, but to furnish a home and cover all the startup costs of moving into it. People love to say, “It was different back then.” And yes—some things were different. But here's the point Bruce was making: Even when you adjust for the price changes, the principle still holds: wealth is built when you consistently spend less than you make—and you do it long enough for capital to stack. This is the beginning of a savings strategy for wealth building. The real cultural battle today I added something here because we see it everywhere: the pressure to “live now.” If you want to enjoy life now, that's a choice. But you can't also expect to retire early, build financial freedom, and create multi-decade stability without adopting the disciplines that make it possible. You don't need perfection. You need a consistent system. 2) Savings vs Investing for Wealth Building: Don't Confuse “Movement” With Progress This is one of the most important distinctions in the entire conversation. There's a lot of content online telling people:“Don't let money sit.”“Get your money moving.”“Make your money work.” But movement is not the same thing as progress. Bruce told a story that makes this painfully clear: a very successful person had access to a $1 million line of credit, and someone convinced him to trade options with it. In one year, he lost $795,000. Let that sink in. Whatever inflation is doing to your savings, it is not cutting it down by 79% in a year. That's why the question isn't, “How do I move money faster?” The question is: How do I deploy capital wisely—without gambling? That's what separates families who build real wealth from families who stay stuck on a boom-and-bust cycle. This is exactly why we talk about positioning capital. 3) Positioning Capital: How to Position Capital for Investment Opportunities Bruce brought up Warren Buffett, and I love this example because it resets people's thinking. Buffett has held enormous amounts of cash at Berkshire Hathaway—because he wants to be ready when opportunity shows up. He'd rather lose a small amount to inflation for a season than put money into something he doesn't understand and lose it permanently. His first rule is simple: don't lose money. When you have positioned capital, you gain something most people don't have: Control. And control creates: negotiating power speed when the right deal appears calm decision-making the ability to say “no” to bad opportunities This is the heart of a cash position strategy. Because the truth is: the best opportunities often show up during uncertainty. If you're fully deployed and illiquid, you watch them pass. If you're positioned, you can act. 4) Net Investable Income: How to Turn Cash Savings Into Investable Income Here's the mental upgrade that changes everything: Most people treat savings like this:“I'm saving up for a vacation.”“I'm saving up for a car.”“I'm saving up for the next expense.” That's not wrong—it's just limited. If you want to turn savings into wealth, you need another category: Savings that is designated as net investable income. This is money you're intentionally allocating for the future—not to spend, but to deploy when the right opportunity appears. That shift turns savings into a strategic tool. And once you do that, you can build what I call a system. 5) A Wealth Building System: The “Marble Machine” That Never Stops I shared a picture from my own mind that I come back to all the time. We once built a wooden 3D puzzle—one of those machines where you crank a handle and marbles run through a track, loop around, and come back to the beginning. That's what a system is. A system is not sporadic. It's not random. It's not emotional. It's rules and flow. Here's the basic wealth system we discussed: A portion of your income automatically goes into a “wealth accumulation” bucket That bucket holds capital safely until you're ready to deploy You deploy into an opportunity designed to produce cash flow or equity growth That returns cash flow back into your system (not lifestyle creep) The increased income allows you to allocate even more capital going forward That's how wealth compounds in real life. This is how to build wealth with savings—because your savings becomes the engine that feeds the next level. 6) Liquidity and Control in Investing: Why We Like Specially Designed Whole Life Insurance Now let's talk about the tool we referenced—because this is where people start to realize there are levels to this. If your wealth accumulation bucket is a standard savings account, here's what happens: you put money in you deploy it the money leaves the bucket But when we use specially designed whole life insurance (built for cash value), something different becomes possible: You can access capital without removing it. You can borrow against the cash value, deploy into an opportunity, and still have your capital continuing to grow inside the policy (depending on carrier design). That's what we mean when we say this can amplify the system:your money can be working in more than one place at a time. And you still have benefits like a death benefit, plus the ability to use the same pool of capital over and over. This is why people search terms like: whole life insurance cash value strategy cash value life insurance for liquidity and control borrow against life insurance policy for investing Infinite Banking Concept life insurance as a wealth accumulation tool Is it for everyone? No. It needs to fit your cash flow, goals, and timeline. But it is one of the most powerful tools we've seen for people who want liquidity, control, and long-term stability without relying on banks. 7) Create Guardrails: The Most Practical Way to Avoid Bad Decisions Bruce shared something I love because it's so honest. He keeps his accumulation account at a separate credit union: not linked to his main bank no ATM card harder to access quickly Why? Because systems work best when you plan for your humanity. I added this in the episode: we often act like we're above temptation. But the truth is, most of us make worse decisions when it's easy. Guardrails help you stay aligned with what you said you want. This is also how you avoid lifestyle creep: you don't let investment returns drift back into everyday spending. You route them back into the system. 8) Teaching the Next Generation: Give, Save, Spend We also talked about building this into your children early. In our home, we keep it simple: Give (often 10%) Save (often 40%) Spend (often 50%) The “save” portion goes somewhere they can't casually pull from. It's meant to build strength and future options. Because turning savings into wealth is not just a financial technique—it's a way of thinking and living. The Point of Turning Savings Into Wealth If you remember nothing else, remember this: Savings is not the enemy.Savings is the foundation. But to build wealth, you need to turn savings into a system:

Send a textGroceries are getting more expensive, AI is moving faster than ever, and many people are wondering how technology will shape everyday life.In this episode of Kyle Talks, I sit down with entrepreneur Andy Ellwood to talk about business, artificial intelligence, and the future of consumer technology.Andy has built and exited companies acquired by Facebook and Google, and earlier in his career even sold planes for Warren Buffett. Today he's building Stretch, an AI-powered grocery platform designed to help families find the cheapest groceries in real time and navigate rising food costs.But this conversation goes far beyond groceries.We talk about the rise of AI agents, the responsibility of tech founders, and whether artificial intelligence will empower consumers… or slowly begin making more decisions for us.This is a thoughtful conversation about entrepreneurship, technology, and the future we're building.Because the biggest question may not be what AI can do — but who it ultimately serves.What We Discuss• What Andy learned selling planes for Warren Buffett • Building companies that were acquired by Facebook and Google • Why groceries are one of the biggest financial pressures for families • How the AI-powered grocery app Stretch works • How Stretch actually makes money • The rise of AI agents and what they could mean for everyday life • Whether AI empowers consumers or risks replacing human decision-making • The responsibility tech founders have in shaping the futureAbout Andy EllwoodAndy Ellwood is the founder and CEO of Stretch, an AI-powered grocery platform helping families find lower prices and make smarter food-buying decisions.A serial entrepreneur, Andy has built companies acquired by Facebook and Google and has spent his career creating technology designed to simplify complex problems. His philosophy of “Make Room For Many” shapes how he approaches innovation, leadership, and building products that empower everyday people.Listen to Kyle TalksKyle Talks is a podcast about having better conversations — especially with people we might disagree with. The goal is simple: move culture away from outrage and toward curiosity, listening, and thoughtful dialogue.Understanding doesn't always mean agreement. But it's where better conversations begin.Follow Kyle TalksSubscribe for new episodes every week featuring thoughtful conversations on culture, technology, economics, and communication.Social Media:Insta/X: kyleTHEhortonYoutube: KyletalkssTiktok: KyleTalkssIntro: Head In The Clouds by Matthew MorelockOutro: Surfaces Type Beat - Jellyfish BeatsSupport the show

When oil prices spike nearly 30% in a matter of days and a weak jobs report hits on the same Friday, the word on every investor’s mind is stagflation. On this episode of The Financial Hour of the Tom Dupree Show, host Tom Dupree, James Dupree, and Mike Johnson break down how the Middle East conflict is rippling through oil markets, what it means for interest rates and inflation, and why personalized investment management matters more than ever when volatility takes center stage. Whether you’re thinking about retirement or already drawing income from your portfolio, the current environment is a powerful reminder that how your money is managed — and who manages it — can make the difference between weathering the storm and watching your principal erode. How the Middle East Conflict Is Driving Oil Prices and Market Turbulence The most immediate market impact from the conflict between Israel, the U.S., and Iran has been felt in energy prices. West Texas Intermediate (WTI) crude surged from roughly $72 per barrel to touch $92, according to data tracked by the U.S. Energy Information Administration — a move of nearly 30% in just days. Mike Johnson explained the supply dynamics at play: “Kuwait — they’re cutting oil production. And this is because the Strait of Hormuz is cut off for all practical purposes. These big producers are running out of storage for the oil. They’re essentially closing up the wells.” The Strait of Hormuz handles approximately one-fifth of all global oil shipments daily. With roughly 90 million barrels of crude produced worldwide each day, shutting down that corridor has massive supply implications. Tom Dupree noted the physical challenge: “What keeps an oil well going is the oil flowing through all the little capillaries. When that gets turned off, it starts to sludge up.” Restarting shut-in wells can take days to weeks, and operators risk losing pressure and production permanently. For those tracking market commentary on gasoline prices, Mike pointed out a critical consumer threshold: “When you get to about $3.50 a gallon, that’s when you start seeing an impact on spending in a more meaningful way. And then $4 is when things start getting much worse in terms of consumer spending.” Stagflation Fears: Why One Jobs Report Has Investors on Edge The Friday jobs report from the Bureau of Labor Statistics came in weaker than expected, and the combination of rising commodity prices with a slowing labor market triggered immediate stagflation concerns across Wall Street. As Mike explained: “The market’s immediate knee-jerk reaction was that terrible S-word — stagflation. If we have a slowing economy with higher commodity prices, you have inflation and a slowing economy.” Tom was quick to add perspective: “One jobs number does not stagflation make. It’s a trend. But the fact that oil’s going up is gonna be considered inflationary, and then you get that jobs report on top of it.” Despite the volatility — with the market opening down 1.5% on Monday before recovering, followed by a sharp Tuesday sell-off — the broader indices showed resilience for the week. Mike observed: “We’ve essentially declared war. You’ve got oil prices up 30%. The market’s only off a little bit for the week. It’s been resilient as a whole.” This kind of choppy, bifurcated market is exactly why a disciplined investment philosophy matters. When risk-on and risk-off signals get scrambled day to day, reactive investors often make the wrong moves at the worst times. AI and the Job Market: Disruption Is Real, But It’s Not All Bad The conversation turned to how artificial intelligence is reshaping the employment landscape and what it means for market sentiment. James Dupree offered a nuanced take on the weak jobs data: “The AI stocks — they don’t really tie that to the economy because AI is going to replace jobs. So it might actually be good if there’s a bad jobs report for those AI stocks.” Mike broke down where the disruption is hitting hardest: “Some of your more tenured and senior workers — they’re benefiting from AI. What it’s impacting are the entry-level jobs. The number crunchers, entry-level analysts — those are the type of things that are able to be AI-ed away.” Tom drew a historical parallel: “AI is obviously the big thing right now. It’s the same way that the dot-com stuff was 20-something years ago. There will be winners and there will be losers, but I happen to believe that AI may actually create jobs because there will be more things that people can do.” For investors, the takeaway is that AI-related stocks occupy a unique space in the current market. James pointed to NVIDIA’s forward P/E ratio of 22 — below the S&P 500’s five-year average of roughly 23 — as evidence that some of the market’s fastest-growing companies are actually reasonably valued despite the broader market looking stretched. Sequence of Returns Risk: The Retirement Danger Most People Don’t See Coming Perhaps the most critical segment of the episode focused on a concept that every person in retirement or thinking about retirement needs to understand: sequence of returns risk. This is the idea that when your returns happen matters just as much as what they average over time — especially when you’re withdrawing money from your portfolio. Mike walked through a clear example: “Let’s say you have a million dollars and you’re drawing 4%, which is $40,000 a year. In the first year, the market goes down by 10% — your million dollars is now $900,000 plus you took out $40,000. So now you’re at $860,000. The next year, another 10% drop — down another $86,000 plus the $40,000 you withdrew. You have to get massive rises in the stock market to get back to even.” He continued: “There comes a point of no return where you’re forced to lower your withdrawal. If a million dollars is now $700,000 and you’re taking out $40,000, that’s now a 5.5% withdrawal rate. It’s negative compounding.” This is one of the core reasons the team at Dupree Financial Group structures retirement portfolios around dividend-paying investments. Tom explained the logic: “Sequence of returns is one reason why we invest for dividends — so that if the sequence of the return is negative, we may not have to be in a position to sell stocks in a down market. We can draw from the dividends.” For anyone approaching retirement or already drawing income, understanding this risk is essential. Resources from FINRA’s investor education center offer additional background on managing withdrawal strategies and retirement income planning. Berkshire Hathaway Under Greg Abel: Culture, Buybacks, and Alignment The episode also covered Berkshire Hathaway’s transition to new leadership under Greg Abel, who took over from Warren Buffett. Abel’s first annual letter to shareholders ran 18 pages — longer than Buffett’s typical letters — and signaled a leadership style rooted in operational detail and cultural preservation. Mike highlighted two significant announcements. First, Berkshire is resuming share buybacks for the first time since May 2024. Second, Abel is investing 100% of his post-tax salary — roughly $15 million per year — into Berkshire stock personally. “It’s all about alignment with shareholders,” Mike said. “It fits the Berkshire culture to a T.” The team also discussed Abel’s emphasis on corporate culture as a lasting competitive advantage. As Abel wrote in his shareholder letter, “Culture is our most treasured asset.” Tom connected that philosophy to Dupree Financial Group’s own approach: “We’ve worked to earn the trust of our clients and we have to keep working to keep that.” Historical Market Returns After Geopolitical Events Mike shared data that puts the current conflict in long-term perspective. Looking at one-year returns following major geopolitical events, the numbers are striking: 11.2% after the Korean War, 27% after the Cuban Missile Crisis, 13% after the Six-Day War, 10% after the Gulf War, nearly 27% after the invasion of Iraq, 19% after the Brexit vote, and 43% in the year following COVID-19. However, Tom added an important caveat for retirees: “What about the 30% drop that came before that? Individuals have to look at sequence of return, not just the long-term averages.” This distinction between how a static portfolio and a retirement portfolio respond to volatility is central to Dupree Financial Group’s investment philosophy — building portfolios of quality, dividend-paying companies in separately managed accounts where each client owns their individual stocks rather than being pooled into a mutual fund. Key Takeaways from This Episode Oil prices have surged nearly 30% due to Strait of Hormuz disruptions, with WTI crude jumping from $72 to $92 per barrel, creating ripple effects across the global economy. Stagflation fears are rising as weak jobs data combines with inflationary energy prices, though one report alone doesn’t confirm a trend. The $3.50 gas price threshold is where consumer spending starts to contract meaningfully — and $4 per gallon is where it gets significantly worse. Sequence of returns risk is more important than average returns for anyone in retirement or approaching it — early losses combined with withdrawals create negative compounding that can be devastating. Dividend investing provides a buffer during market downturns by allowing retirees to draw income without being forced to sell stocks at depressed prices. AI is reshaping the job market, benefiting senior workers while displacing entry-level roles, and creating a unique dynamic for tech stock valuations. Berkshire Hathaway’s Greg Abel is resuming share buybacks and investing his entire post-tax salary in Berkshire stock, signaling strong alignment with shareholders. Diversification across sectors — including energy exposure — helps portfolios weather geopolitical shocks through negative correlation benefits. Frequently Asked Questions How do rising oil prices affect my retirement portfolio? Rising oil prices can trigger inflation, which erodes purchasing power and can hurt broad market returns. However, portfolios with energy sector exposure may benefit from higher commodity prices. The key is having a diversified, actively managed portfolio that can adapt to changing market conditions rather than being locked into a one-size-fits-all approach. What is sequence of returns risk and why does it matter? Sequence of returns risk refers to the danger that poor market returns early in retirement — combined with portfolio withdrawals — can permanently damage your nest egg, even if long-term average returns are positive. A $1 million portfolio losing 10% while withdrawing $40,000 drops to $860,000 in year one, making recovery increasingly difficult. This is why income-focused strategies using dividends can help reduce the need to sell during downturns. Should I be worried about stagflation? One weak jobs report alongside rising oil prices raises the question, but stagflation requires a sustained trend of economic stagnation paired with persistent inflation. The current market has shown resilience despite the volatility. That said, having a portfolio strategy that accounts for inflation protection — through dividend growth stocks and diversified sector exposure — is prudent regardless of the economic outlook. How is AI affecting investment opportunities right now? AI-related stocks are trading somewhat independently from broader economic indicators. Companies like NVIDIA are showing strong earnings growth with forward valuations actually below the S&P 500 average. AI is displacing some entry-level jobs while creating opportunities for more experienced workers, making it a complex but potentially rewarding area for long-term investors. What did Berkshire Hathaway’s new leader announce? Greg Abel, who succeeded Warren Buffett, announced that Berkshire would resume share buybacks and that he would personally invest 100% of his post-tax salary — approximately $15 million annually — into Berkshire stock. His 18-page shareholder letter emphasized operational detail and cultural preservation as his top priorities. Don’t Let Market Noise Derail Your Retirement When oil prices surge, jobs data disappoints, and geopolitical uncertainty dominates the headlines, it’s easy to feel like the ground is shifting beneath your feet. But reactive investing — selling in a panic or chasing the latest trend — is one of the biggest threats to a retirement portfolio. At Dupree Financial Group, every client gets a separately managed account with direct access to their portfolio managers — not an assigned counselor at a call center. Your portfolio is built around your retirement timeline, your income needs, and your risk tolerance, with quality dividend-paying companies that provide income even when markets get choppy. If you don’t know what you own in your portfolio, you need to. Call (859) 233-0400 or schedule your complimentary portfolio review online to find out how a personalized approach could help protect — and grow — your retirement income. Listen to the full episode and explore more market insights on The Financial Hour podcast archive. Hear from clients who’ve made the switch to personalized investment management. Dupree Financial Group is a registered investment advisor (RIA) registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. The information provided in this blog post and podcast is for educational purposes only and should not be considered personalized investment advice. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal. Please consult with a qualified financial professional before making any investment decisions. For more information, please review our firm disclosures on SEC.gov. The post Oil Prices Surge 30%: What Rising Market Volatility Means for Your Retirement Portfolio appeared first on Dupree Financial.

In this episode of the Real Estate ProsPodcast, host Q Edmonds sits down with Clinton Young, a professional keynote speaker and coach for real estate professionals and entrepreneurs. Clinton shares his journey from experiencing a major career setback during the 2008 financial crisis to discovering his purpose of reigniting the human spirit. He dives into the importance of finding your "flow," overcoming adversity, and recognizing that destiny has no wasted moments. Clinton introduces his "Magical Success Formula," emphasizing inspiration, belief, faith, and action as the core drivers of success. The conversation also explores limiting beliefs formed in childhood, the power of human connection over technology, and why speaking is one of the most powerful skills entrepreneurs can develop to grow trust, confidence, and business impact.   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 episode of the LSCRE Podcast, Craig McGrouther sit down with Paul Moore to unpack one of the most misunderstood ideas in investing: the difference between investing and speculating.After selling his company in his early 30s, Paul believed he had become a full-time investor. Instead, he learned the hard way that he had become a full-time speculator—a realization that eventually cost him millions during the lead-up to the financial crisis.In this conversation, Paul shares the painful lessons that followed, and how that experience reshaped his philosophy around risk, discipline, and capital preservation.The discussion explores why the most successful investors—from figures like Warren Buffett and Charlie Munger to seasoned real estate operators—often succeed not by chasing exciting opportunities, but by staying focused on one strategy for decades.Topics covered:• The critical difference between investing and speculating• Why confusing the two can destroy capital• The lessons Paul learned losing millions before the 2008 crisis• Why the best investors embrace “boring” strategies• The danger of shiny object syndrome in real estate investing• How disciplined operators evaluate deals and risk• Why long-term focus often beats chasing the next opportunity• How fund structures and preferred equity fit into today's market• Why today's real estate cycle may present a unique opportunityChapters00:00 Introduction to Paul Moore and His Journey05:50 The Birth of Wellings Capital11:49 Investment Philosophy: Avoiding Rescue Capital22:31 Navigating Unique Investment Opportunities27:41 Understanding Market Cycles and Investment Timing36:56 Embracing Technological Changes in Real EstateIn a market filled with noise, projections, and constant deal flow, the investors who consistently win are often the ones doing something surprisingly simple: protecting principal, staying disciplined, and resisting the urge to chase the next big thing.If you're a passive investor, capital allocator, or real estate operator looking to sharpen your investment philosophy, this episode offers a candid look at the lessons that only experience and sometimes painful mistakes - can teach.

Discover how to spot undervalued stocks like Nabors Industries NYQ:NRB using the proven QAV (Quality at Value) methodology from Tony Kynaston – a systematic, checklist-driven approach inspired by Warren Buffett and Charlie Munger to beat the market. Today on the Weekend Watchlist we're looking at Nabors Industries (NYQ: NBR), one of the world's largest land‑based drilling contractors. It's a classic QAV‑style business: cyclical, capital‑intensive, shaped by oil prices — and currently screening very cheaply on cashflow and book value.Discover how to pick winning stocks and beat the S&P 500 with Tony Kynaston's proven QAV (Quality at Value) investing methodology.It's a systematic checklist for identifying undervalued quality companies, timing buys and sells with a "three-point trend line" and avoiding market noise. QAV America has delivered 64% returns since September 2023 vs. the S&P 500's 54%, perfect for beginners and pros seeking long-term compounding.Learn about the checklist manifesto, operating cash flow focus, and why QAV is expanding to cover US stocks. Use promo code SFBUS for 20% off QAV plans: QAV Club America (annual/monthly) for full tools and community, or QAV America Light for simple buy/sell signals. Start your 14-day free trial by clicking this link. Subscribe to this channel for more stock picking tips, value investing strategies, and market-beating ideas.Australian and investing in the ASX and ready to go beyond ETFs, learn from the master - Tony Kynaston's QUALITY AT VALUE. Sign up with code SFB for a 20% discount on QAV Club plan or SFBLIGHT for a free month of QAV Light by clicking this link. for Australians or those wanting to invest in Australian stocks.Disclosure: The links provided are affiliate links. I will be paid a commission if you use this link to make a purchase. You will receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they're offering something of value.Shares for Beginners is a production of Finpods Pty Ltd. The advice shared on Shares for Beginners is general in nature and does not consider your individual circumstances. Opinions expressed by guests are theirs alone and may not represent the views of Finpods, Money Sherpa, or Phil Muscatello. Shares for Beginners exists purely for educational and entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD, and obtain appropriate financial advice tailored towards your needs. Philip Muscatello and Finpods Pty Ltd are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289.Stocks for Beginners is a production of Finpods Pty Ltd. The advice shared on Stocks for Beginners is general in nature and does not consider your individual circumstances. Opinions expressed by guests are theirs alone and may not represent the views of Finpods, Money Sherpa, or Phil Muscatello. Stocks for Beginners exists purely for educational and entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD, and obtain appropriate financial advice tailored towards your needs. Philip Muscatello and Finpods Pty Ltd are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289. Hosted on Acast. See acast.com/privacy for more information.

TRANSCRIPT Robertson: [00:00:00] Gissele: Hello and welcome to the Love and Compassion podcast with Gissele. We believe that love and compassion have the power to heal our lives and our world. Gissele: Don’t forget to like and subscribe for more amazing content. And if you’d like to support the podcast, please go to buy me a coffee.com/love and compassion. Today we’re talking about how to become a more compassionate civilization in light of the world’s most recent events. Robertson Work is a nonfiction author, social ecological activist, and former UNDP policy advisor on decentralized government, NYU Wagner, graduate School of Public Service, professor of Innovative Leadership and Institute of Cultural Affairs, country Director, conducting community organizational and leadership initiatives. Gissele: He has worked in over 50 countries for over 50 years and is founder of the Compassionate Civilization Collaborative. He has five published books and has [00:01:00] contributed to another 13. His most well-known book is a Compassionate Civilization. Every week he publishes an essay on Compassionate Conversations on Substack. Gissele: Please join me in welcoming Robertson work. Hi Robertson. Robertson: Hi Giselle. How are you? Gissele: I’m good. How about yourself? Robertson: I’m good, thank you. I here in the Southern United States. I’m glad you’re in wonderful Canada. Robertson: great admiration for your country. Gissele: Ah, thank you. Thank you. Gissele: I wanted to talk about your book. I got a copy of it and it was written in 2017, but as I was reading it, I really found myself listening to things that were almost prophetic that seemed to be happening right now. What compelled you to write Compassionate Civilizations at this moment in history. Robertson: Yes. Thank You you so much, and thank you for inviting me to talk with you today. Robertson: And I wanna say I’m so touched by the wonderful work of the Matri Center for Love [00:02:00] and Compassion. I have enjoyed looking at your website and listening to your podcast and hearing Pema Chodron speak about self-love. If it’s okay, I’d like to start with a few moments of mindful breathing Gissele: Yes, definitely. Robertson: okay. I invite everyone to become aware of your breathing, being aware of breathing in and breathing out. Breathing in the here and in the now. Breathing in love. Breathing in gratitude. I have arrived. I am home. I’m solid. I am free breathing in, breathing out here now. Robertson: Love [00:03:00] gratitude. Arrived home solid free. Okay. And to your question, after working in local communities and organizations around the world with the Institute of Cultural Affairs and doing program and policy work with UNDP and teaching grad school at NYU Wagner, I felt called to articulate a motivating vision for how to embody and catalyze a compassionate civilization. Robertson: So each of us can embody, even now, even here, we can embody and catalyze a compassionate civilization in this very present moment. We don’t have to wait, you know, 50 years, a hundred years, a thousand years. we can embody it in the here and the now. So I was increasingly aware of climate change, climate disasters, [00:04:00] the rise of oligarchic, fascism, and of course the UN’s sustainable development goals. Robertson: I also had been studying the engaged Buddhism of Thich Nhat Hahn for many years, and practicing mindfulness and compassionate action. As you know, compassion is action focused on relieving suffering in individual mindsets and behaviors, and collective cultures and systems. The word that com it means with, and compassion means suffering. Robertson: So compassion is to be with suffering and to relieve suffering in oneself and with others. So, I gave talks about a compassionate civilization in my NYU Wagner grad classes and in speeches in different countries. Then in 2013, I started a blog called The Compassionate Civilization. So in 2017, there was a [00:05:00] new US president who concerned me deeply and who’s now president again. Robertson: So a Compassionate Civilization was published in July of that year, as you mentioned, 2017. The book outlines our time of crisis and provides a vision, strategies and tactics of embodying and catalyzing a compassionate civilization, person by person, community by community. Moment by moment it it includes the movement of movements, mom that will do that. Robertson: Innovative leadership methods, global local citizen, and practices of care of self and others as mindful activists. So there’s a lot in it. Yeah. The Six strategies or arenas of transformation are environmental sustainability, gender equality, socioeconomic justice, participatory governance, cultural tolerance and peace, and non-violence, socio. Robertson: So since then [00:06:00] I’ve been promoting the Compassionate Civilization Collaborative, as you mentioned, to support a movement of movements. The mom, Gissele: thank you for that. I really appreciated that. And I really enjoyed the book as well. It’s so funny that, the majority of people see a world that doesn’t work and they want things to change, but they don’t do something necessarily to change it. When did compassion shift from a private virtue to a public mission for you? Robertson: Great question. Thank you. I think it began the private part began very early in my Christian upbringing. I was raised by loving parents to love others. You know, love of neighbor is the heart of Christianity. And understand that love is the ultimate reality. You know, that you know, as we say in Christianity, God is love. Robertson: So then when I went off to college at Oklahoma State University, I found myself being a campus activist. So I shifted to activism for civil rights. We were [00:07:00] demonstrating for women’s rights and for peace in Vietnam. As you know, the Vietnam War was raging. And after that, I attended Theological Seminary at Chicago Theological Seminary, but. Robertson: My calling happened when I was still in college, and it was in a weekend course, just a one weekend in Chicago. Some of us drove up and attended a course at, with the ecumenical Institute in the African-American ghetto in Chicago. And my whole life was changed in one weekend. I mean, I woke up that I could make a difference and I could help create a world that cared from everyone, you know? Robertson: And here I was. I was what? I was a junior in college. So then after that, I worked after college and grad school. I worked in that African American ghetto in Chicago with the Ecumenical Institute. And then in Malaysia, I was asked to go to Malaysia and my wife and I did [00:08:00] that, Robertson: And then. We were asked to work in South Korea, which we did. And then the work shifted from a religious to secular is we now call our work the Institute of Cultural Affairs. And from there we worked in Jamaica and then in Venezuela, and then back in the US in a little community in Oklahoma Robertson: And then I also worked in poor slums and villages. So then with the UNDP. I worked in around the world giving policy advice and starting projects and programs on decentralized governance to help countries decentralize from this capital to the provinces and the cities and towns and villages to decentralize decision making. Robertson: Then my engaged Buddhist studies particularly with Han and his teachers and practice awakened me to a calling to save all sentient beings. what [00:09:00] an outrageous calling, how can one person vow to save all sentient beings? But that’s what we do in that tradition of the being a BofA. Robertson: So through mindfulness and compassionate actions. So then I continue my journey by teaching at NYU Wagner with grad students from around the world. I love that so much. Then to the present as a consultant, speaker, author, and activist locally, nationally, and globally. So Gissele has been quite a journey, and here we are in this moment together, in this wild, crazy world. Gissele: Yeah, for sure, One of the things that I really loved about your book that you emphasize that we need to have a vision for the world that we wanna create. If we don’t have a vision, then we can’t create it, right? many of us are, focusing on anti, anti-oppressive, anti crime, anti this, anti that. Gissele: But we’re not really focusing on what sort of world do we wanna create? and I’ve had conversations with so many people, and when I ask the question, if people truly [00:10:00] believe. The human beings could be like loving and compassionate, and we could create a world that would be loving and compassionate for all many people say no. Gissele: And so I was wondering, like, did you always believe that civilization could be compassionate or did you grow into that conviction? Robertson: Great question. I definitely grew into it. Yeah. even as a child, I was awakened, you know, by the plight of African Americans in my country, in our little town in Oklahoma. Robertson: So I kind of began waking up. But I wasn’t sure, how much I or we could do about it. So I really grew into that conviction through my journey around the world working in over in 55 countries, it’s interesting the number of people your podcast goes to serving people and the planet. Robertson: So. Everywhere I worked Gissele, I was touched by the local people, that people care for each other, you know, in the slums and squatter settlements, in villages, in cities, the, the rich and the [00:11:00] poor. everywhere I went regardless of the culture, the language, the races, the issues the, the local people were caring. Robertson: So my understanding is that compassion is an action. It’s not just a feeling or a thought. It’s an action to relieve suffering in oneself and in others. but suffering is never entirely eliminated. You know, in Buddhism, the first noble truth is there is suffering, and it continues, but it can be relieved as best we can with through practices, through projects, through programs, and through policies. Robertson: So what has helped me is to see, again, a deep teaching in Buddhism that each person is influenced by negative emotions of greed, fear, hatred, and ignorance. And yet we can practice with these and to become aware of them and just, and to let them go, you know, and to practice evolving into loving kindness as [00:12:00] you, as you do in in your wonderful center. Robertson: Teaching more loving, kindness, trust and understanding. We can embrace inner being that we’re all part of everything. We’re all part of each other. You know, we’re part of the living earth. We’re part of humanity. I am part of you, you are part of me. And impermanence, you know, that there is no separate permanent self. Robertson: Everything comes and goes, and yet the mystery is there’s no birth and death. ’cause you and I. we’re part of, this journey for 13.8 billion years of the universe, and yet we can, in each moment, we can take an action that relieves our own suffering and in others. So, as you said, a vision is so, so important. Robertson: I’m so glad you touched on that, that a vision can give us a calling to see where we can go. It can motivate us, push us, drive us to do all that we can to realize it, you know, if I have a vision for my family. To care for my family. If [00:13:00] I have a vision for my country, if I have a vision for planet Earth, that can motivate me to do all I can do to make that really happen. Robertson: So right now there are so many challenges facing humanity, climate disasters. Oh my, I’m here in Swanno where we’ve had a terrible hurricane in 2024. We’re still recovering from it. Echo side, you know, where so many species are dying of plants and animals. It’s, it’s one of the great diebacks of in evolution on earth, oligarchic, fascism. Robertson: Right now, we’re in the midst of it in my country. I can’t believe it. You know, you’re, you’re on 81. I, I thought I was, gonna die and still live in a country that believed in democracy and freedom and justice. And so now here we, I have to face what can I do about oligarchic, fascism and social and racial and gender injustice. Robertson: Other challenges, warfare. And here we are in this crazy, monstrous war [00:14:00] in the Middle East. You know, what can we do? What can I unregulated? Artificial intelligence very deeply concerns me. we’ve gotta regulate artificial intelligence so it doesn’t hurt humans and the earth. Robertson: It doesn’t just take care of itself. So, you know, it’s easy Gissele to be despairing and to give up, you know, particularly at this moment. But actually at any time in our life, we’re always tempted to say, oh, well, things will be okay, or There’s nothing I can do, you know, but neither of those is true. Robertson: There are things we can do. We can stop and breathe and continue doing what we can where we are. with what we have and who we are. We do not have to be stopped by despair or by cynicism or by hopeism. We don’t. So thank you for that question about vision. I vision still wakes me up every day and calls me forward. Robertson: I’m sure it does. You as well. Gissele: Yeah. I [00:15:00] mean, without vision, it’s like you don’t have a map to where you’re going to, right.what’s our destination if we don’t have a vision? And so this is for me, why I loved your book so much. you are helping us give a vision Gissele: I mean, the alternative is what is the alternative? there’s my next question. What happens to a society that abandons compassion? Robertson: Exactly. Well, I sort of touched on it before. it falls into ignorance and into greed. Wanting more wealth, more power. for me for my tribe and, and falls into hatred, falls into fear, falls into violence, and that’s happening now, she said. Robertson: But I love what Thich Nhat Hahn reminds us of, of is that if there is no mud, there is no lotus. And that, that means is, you know, if there is no suffering, there can be no compassion . So without suffering and ignorance, there is no compassion or wisdom, because suffering calls us to relieve it. when I see [00:16:00] my wife or children in pain, I want to help them. Robertson: or when I see others, neighbors, you know, during the pandemic, our neighbors took food and water to each other. You know, after the hurricane, neighbors brought us water. suffering calls the best from us, it can, it can also call, call other things. But again, there’s no mud. Robertson: The lotus cannot grow. So we can continue the journey step by step and breath by breath. So that’s what I’d say for now. but that’s an important question. Gissele: you said some key things including that, people have a choice. They can choose to be compassionate, or they can choose to use that fear for something else, right. Gissele: But I often hear from people, well, you know, they want institutions to change. why are the institutions more, equitable, generous, compassionate and you know, like. I don’t know if we have a vision for what compassionate institutions look like, [00:17:00] what would compassion look like at that level? Robertson: Oh, that’s where those six areas you know, the compassion would look like practicing ecological regeneration or sometimes called environmental sustainability. You know, that we we’re part of the living Earth gazelle, We’re not separate from the earth . We breathe earth air, we drink earth water. Robertson: We you know, the earth. Hurricanes come. The earth. Floods come We are earthlings. I love that word, earthlings, and so, how do we help regenerate the earth as society? And that’s why, you know, legislation aware of climate change, you know, to reduce carbon emissions. Robertson: The Paris Accord, and that’s just one example, how do we have all laws for gender equality so that women receive the same salaries as men and have the same rights. as men, we gotta have the laws, the institutions you know, and the participatory democracy, that we have a constitution. Robertson: a constitution is a vision. of what we are all about. Why are, we’re [00:18:00] together as a country, so that we can each vote and express our views and our wishes, and that government is by foreign of the people. It is. So it’s, it’s critical, you know, that we vote and get out the vote again and again and again. Robertson: And to create those laws, those institutions they care for everyone. And the socioeconomic justice. we need the laws and institutions that give full rights to people of color to people of every culture and every religion, and every gender every transgender, every human being, every living being has rights. Robertson: That’s why the Universal Declaration of Human Rights is so important. I’m so grateful that it was created earlier in the last century in my country our country cannot go to war without congressional approval. Robertson: Aha. did that just not happen? Yes. But it’s in the Constitution. the law says that we must talk about it [00:19:00] first. We must send the diplomats. We must doeverything we can before we harm anyone. War is hell. there are other ways of dialogue and diplomacy. Robertson: we can do better. But again, it takes the laws and institutions. Gissele: thank you for that. I do think that we have some sort of sense in terms of what we find doesn’t work for us, right? these institutions don’t work, they’re based on separation, isolation, punishment, and we see that they don’t work. We see that, like inequality hurts everyone. Gissele: We see that all of these things that we’re doing have a negative impact, including war. And yet we don’t change. What do you think prevents societies from becoming more compassionate? Robertson: if we’re in a society that if harming people through terrible legislation and laws and policies that makes it hard for people then have to either rebel and then they can be you know, killed. Or they have to form movements peaceful movements like the [00:20:00] Civil Rights Movement in my country, you know, with Martin Luther King leading peace marches and our peaceful resistance, in Minneapolis, the peaceful resistance to ice, so what one big thing that’s, that makes people think they can’t be compassionate again, is the, larger society, you know, the institutional frameworks and legislations and laws and government practices. Robertson: But even then, as we’re seeing, you know, in Minneapolis and everywhere, and Canada is leading in so many ways, I think I, I’m so grateful for the leadership of your, your prime minister, calling the world thatwe must not let go of the international rules rules based international practices that we’ve had for the last 80 years, my whole life. Robertson: You know, we’ve had the, the UN and the international rules and now some powers want to throw those out, but no, no, we are gonna say no. we’re [00:21:00] surrounded by forces of wealth and power as we know. And however we can each do what we can to care for those near hand, far away, the least the last, and the last for ourselves, moment by moment. Robertson: Breath, breath by breath. And sometimes we, the people can change history and the powerful can choose compassion. And, we’ve changed history many times. We’ve created democracy. We, the people who have created civil right. Universal education and healthcare of the UN and much more. Robertson: you touched a moment ago on the pillars of a compassionate civilization. You know, there are 17 UN sustainable development goals, as you know, but I decided 17 was a big number, so I thought, why don’t we just have six? That’s why my book, it has six arenas of transformation for ease of memory and work. Robertson: and they are environmental sustainability, gender equality, socioeconomic justice, participatory governance, cultural tolerance, peace and nonviolence. So modern [00:22:00] societies can be prevented from being compassionate also by Negative emotions as we were talking about, of ignorance, greed, hatred, and violence. Robertson: Greed thinking, I need more wealth. I’m a billionaire, but I need another billion. You know, I’m the richest billionaire in the world, but I wanna buy the US government hatred, violence. So these all for me, all back into the Buddhist wisdom of the belief that I’m a separate self. Robertson: Therefore, all that’s important is my ego. Hell no, that’s wrong. You know, my ego is not separate. When I die, my ego’s gone. You know, all that’s gonna be left when I die, or my words and my actions, my actions will continue forever. my words will continue forever. May I, ego? No. So the, if I believe my ego is all there is, and I can be greedy and hateful and fearful and violent, but ego, unlimited pleasure and narcissism, fear of the other, ignorance of cause and effect, these don’t have to drive us. So [00:23:00] structures and policies based on negative emotions and the delusion of a separate self and harm for the earth. We don’t have to live that way. We don’t have to believe propaganda and misinformation and ignorance, and we can provide the education needed and the experience. Robertson: We don’t have to accept wealth hoarding. You know, why do we have billionaires? Why isn’t $999 million enough? Why doesn’t that go to care for everyone and to care for the earth? So again, we have to let go of wealth hoarding of power hoarding. Robertson: we don’t need all that wealth. We don’t need all that power. We can, we can care for each other. We can care for the earth. Gissele: There, there are so many amazing things that you said. I wanted to touch on two the first one is that I was having a conversation with an indigenous elder, and he said to me, you know, that greed is just a fear of lack, right? Gissele: And it really stopped me in my tracks because, when we see people hoarding stuff in their [00:24:00] house, we think, well, that’s abnormal. And yet we glorify the hoarding of wealth. But it isn’t any different than any sort of other mental health issue in terms of hoarding. And so that really got me to think about the role of fear. Gissele: And, if somebody’s trying to hoard money, it’s not getting to the root of the problem, issue. It’s never gonna be enough because they’re just throwing it into an empty hole. It’s a a billion Jillian, it’s never gonna be enough because it’s never truly addressing the problem. Gissele: But one of the things that you said as we were chatting is, that the wealthy, the elite, they can choose compassion, they can always choose it, which is an amazing insight. And yet I wonder, you know, in terms of people’s perspectives of compassion and power, do you think that the two go hand in hand or can they go hand in hand? Gissele: Because I think there might be some worries around, well, if I’m more compassionate, then I’m gonna be, taken advantage of, I’m gonna be, a mat. what is your [00:25:00] perspective? Robertson: Oh, I agree with everything you said and your question is so, so important. Thank you so much. Robertson: there are billionaires and then there are billionaires like Warren Buffet. Look, he’s given. Tens of billions of dollars away, hundreds of billions of dollars away, and other billionaires have done that. And then there are the billionaires, who think 350 billion isn’t enough. Robertson: You know, I need more. Well, that’s crazy. That is sick. That is sad that, that is a disease. And we have to help those people. I feel compassion for billionaires who think they need another 10 billion or another a hundred billion, or they need five more a hundred million dollars yachts, or they need another 15 $200 million houses around the world and that that is very sad. Robertson: And that they’re really suffering. They’re confused. Yeah. They forget what it means to be human. They’ve forgotten what it needs to be. An earthling that we’re just here for a moment. Gissele: Agree. Robertson: We’re just here for a moment, for a [00:26:00] breath, and we’re gone. Breathe in, we’re here, breathe out, we’re gone. And so we can stop. Robertson: We can become aware of that fear, as you said. We can take good care of that fear. I love the way Thich Nhat Hahn says. He says, hello, fear, welcome back. I’m gonna take good care of you. Fear. I’m gonna watch you take care of you. You’re gonna Evolve. ’cause everything is impermanent. Everything changes. So fear will change. Robertson: Fear can change. Fear always changes It evolves into Another emotion, another feeling, So let it go. Let it go. In the truth of impermanence. ’cause everything is impermanent. Fear is impermanent. So we also can remember the truth of inter being that I am part of what I fear, I am part of. Robertson: This current federal administration. You know, I’m part of the wealthy elite, and it is part of me. I fear of the US administration right now, but it is part of [00:27:00] me and I’m part of it. I fear climate change, but it is part of me. I’m part of it. I fear artificial intelligence , unregulated. I fear old age, but boys, I’m 81 and a half, it’s here. Robertson: So I’m gonna take care of it. I’m gonna say, Hey, old man, I’m gonna take care of you. And they’re all me. There’s no separation. I love Thich Nhat Hahn’s word. We enter are, we enter are now, how can I stop, become aware of fear, breathe in and out, and know the truth of inter being and impermanence and accept it. Robertson: Care for it. get out to vote, care for the self, write , speak, do what I can to care for what I can. My family, my neighbors, my city, my county, my country, my world. And everything changes. Everything passes away. Everything comes in and out of [00:28:00] being, what happened to the Roman Empire? Gissele: Mm, Robertson: what’s happening to the American Empire. Everything comes in and goes out like a breath, breathing in and breathing out. And then everything transforms into what is next? What is next? what is China going to bring? Ah, there is so much that we don’t know, Robertson: I love Thich Nhat Hahn’s teaching that. when we become aware of a negative emotion, we should Stop, breathe, smile. And then say, oh, welcome. Fear. Welcome back. Okay, I’m gonna take care of you. Okay, we’re in this together. Robertson: And then you just, you keep breathing in awareness and gratitude and things change. Your grandkid calls you, your baby calls you, your dog, your cat. You see the clouds, you see the earth, the sun. You see a star. You realize you’re an [00:29:00] animal. You know the word animal means breath. Robertson: We are animals. ’cause we breathe. We’re all breathing. So I love that. You know it. I love to say I am an animal. ’cause I, you know, we, human beings are often not, we’re not animals. We’re superior To animals, you know? Right. we are animals, that’s why we love our dogs and cats and we can love our, the purposes and the elephants and the tigers and the mountain lions and, and the cockroaches and the chickpeas and the cardinals we are all animals. Robertson: We’re all breathing. So I love that. Gissele: Yeah. Yeah. Oh, that was so beautiful. I felt that also, I really appreciated the practice too. In this time when we, like so many us are, are feeling so much fear and so much uncertainty and not knowing how things are gonna pan out, to just take a moment to breathe and reconnect to our true selves, I think is so, so fundamental. Gissele: And I hope that listeners are also doing it with us. you know, as I have [00:30:00] conversations with people around the world we talk a lot about, the way that the systems are set up, the institutions. Gissele: And it took a lot of hard work for me to realize that we are the institutions, just like you said, so the institutions are made up of people. And I was so glad to see that in your book, that you clearly say, you know, like it’s about people. It’s about us. It’s like we make up these institutions, you know? Gissele: And when I’ve looked at myself, I’ve asked myself, who do I wanna be? What do I really, truly wanna embody? And my greatest wish for this lifetime is to embody the highest level of love and to truly get to the point where I love people like brothers and sisters, that I care for them and that we care for one another. Gissele: And yet, there are times when I wanna act from that place, but the fear comes up, the not wanting or not trusting or believing when the fear comes up, how can compassion really help us change ourselves so that we can create a [00:31:00] different world? Robertson: What you said is so beautiful, and your question is so powerful. Thank you. Yes. And I’m gonna get personal here. we can do what we can, we can take care of ourselves, we can take care of others as we can, but we shouldn’t beat ourselves up when we can’t. You know? Robertson: So I, here I’m 80, I’m over 81, and I have issues with balance and walking, and I have some memory issues and some low energy issues. So I have to be kind to myself. I, so I’ve just decided that writing is my main way of caring for the world. That’s why I publish one or two essays a week on Substack, on Compassionate Conversations for 55 countries in 38 states. Robertson: And so I said, you know, I used to travel around the world all the time. Not anymore. I don’t even want like to travel around the county. Robertson: Anyway, I’m an elder , so I have to say , okay, elder, be kind to [00:32:00] yourself, but also do everything you can, write everything you can speak with Gazelle if you can. Robertson: I also have to decide who I’m gonna care for. I’ve decided I’m gonna care for my wife who just turned 70 and my two kids and my two grandkids, my daughter-in-law, my cousins and nieces and nephews, my neighbors here and North Carolina. Robertson: The vulnerable, you know, I give to nonprofits who help the hungry and the homeless to friends and to people around the world through my writings and teachings And so the other day I drove to get some some shrimp tacos for my wife and me for dinner. Robertson: And a lady came up and she had disheveled hair. And she just stood by my car and I put the window down a little and she said. can you drive me to Black Mountain? that’s not where we were. I was in another town. ‘ cause I’m out of my medicine. Robertson: She just, out of the blue said, stood there and said that. And I thought, [00:33:00] oh, oh, hmm. Oh, so, oh yes. So I, I wanted to say, but who are you? How are you? Do you live here? Do do you have any friends or family? Do you, you, can I give you some money? Do you have, but I was kind of, I was kind of struck dumb, you know? Robertson: I thought, oh, oh, what should I do? And so I said, oh, I’m so sorry I don’t live in Black Mountain. And she said, oh. And she just turned and walked away and she asked two other cars and they said no. And then she walked away. And then she walked away. I thought, oh, Rob, Rob, is she okay? Does she have a family? Robertson: Did she have a house? What if she doesn’t get her medicine? How can she walk to that town? Could you have driven her and delayed taking dinner home to your wife? And then I said, but I don’t know. And then I thought, oh, but she’s gone. And I then I said, okay, Rob. Okay, Rob, [00:34:00] you’ve lived 81 years. You’ve cared for people in the UN in 170 countries. Speaker 3: Yeah. Robertson: And you’ve been in 55 countries, you’re still writing every week, you’re taking care of your neighbors and family and friends. Don’t beat yourself up. Old guy. Don’t beat yourself up. But next time, you know what Rob, I’m gonna say, Hey, my dear one, are you okay? I don’t have any money, but I can I buy you? Robertson: We are here at the taco shop, Can I buy you dinner? I would, I’m gonna say that next time, Rob. I’m gonna say that. and then I also gazelle,I’m gonna support democratic socialist institutions. You know, some people are afraid of that word, democratic socialist. Robertson: But you know, the happiest countries in the world are democratic socialist countries. Finland is the world’s happiest country. Denmark, Sweden, Norway, the Netherlands, Iceland, those are in the top 10 [00:35:00] when they’ve, when there have been analysis of, if you, if you Google happiest countries in the world, Robertson: those Nordic countries come up every year. Why? They are democratic socialist countries. You pay high taxes and everybody gets free college. You know, free education, free college, free health everybody gets taken care of in a democratic socialist country in the Nordic countries and New York City. Robertson: I’m so proud that our new mayor in New York City Zoran Mai is a democratic socialist. He is there to help everybody, but particularly those who are hurting the poor, the hungry , the sick, or the people of color, women, the elderly, the children. I’m so proud of him and I write about him on my substack and I write him Robertson: I he’s one of my heroes just like Bernie Sanders is one of my heroes. And Alexandria Ocasio Cortes, a OC is one of my, my heroes, CA [00:36:00] Ooc. So, and you know, I used to never tell anybody I was a Democratic socialist ’cause I was afraid. I thought, oh, they’ll think I’m a socialist. Hell no. I am now proud to say I’m a democratic socialist. Robertson: I’m a Democrat. I vote the Democratic ticket, but I’m always looking for progressives, progressive Democrats, you know, democratic socialist Democrats. because, you know, our country can be more like Finland, Denmark, Sweden, Norway, the Netherlands, Iceland New York City. New York City is showing us the way America can be like a New York City. Robertson: I’m so proud of New York City and I used to live in New York City so as an old person. I can only do what I can do. and I’m not saying, oh, I poor me. I can’t do anything. No, no. I’m not saying that. I’m saying I can do a hell of a lot as this 81-year-old, it’s amazing what I can do, but that is why I write and speak and care for my family, neighbors, friends, the poor. Robertson: [00:37:00] Donate to nonprofits for the homeless and the hungry vote. Get out the vote. So yes, that’s my story. Gazelle. Gissele: I totally relate. I mean, I’ve been in circumstances like that as well, where you wanna help. But the fear is like, what if a person kills you? What if they don’t really have medication? Gissele: What if you get hurt or they try to rob you or they have mental health problems? Mine goes to protection and it is very human of us to go there first. And so, so then we get stuck in that ping pong in that moment and then the moment passes and you’re like, you know, was it true? Could I have driven that person? Gissele: And that would’ve been something I wanted to do for sure. But in that moment, you are stuck in that, yo-yo, when the survival comes in. And so helping ourselves shift out of that survival mode, understanding and learning to have faith and trust. And for me that’s been a work in progress. Gissele: It really has been a work in [00:38:00] progress. The other thing I wanted to mention, which I think is so important that we need to touch on. It’s the whole concept of socialism. So I was born in South America before I came to Canada and so I remember lots of my family members talk about this, there’s many South American countries that got sold communism, as socialism we’re talking about approaches that instead of it being like a democratic socialism that you’re talking about, which is the government, make sure that people are taking care of and that the people are probably taxed and provided for what would happen in those countries was that. Gissele: Everything got taken away. People were rationed certain things, and, it was horrible. it was not good, but it was not socialism. And there was many governments that took the majority of the money, then spent it on themselves, left the country, took it themselves, and so especially the Latin American community is very much afraid of socialism because they think back to that, the [00:39:00] rationing of electricity, the rationing of food, the rationing of all of that stuff, it wasn’t provided openly. Gissele: It was, everybody gets less. And so you have these people with this history that then have come to the US and think they don’t want socialism. They think democracy means that people aren’t gonna take stuff away from them, but that’s not what it means either. ’cause I don’t even know if like in North America we have a true democracy. Robertson: so thinking about reframing of how we think or experience democratic socialism, that it doesn’t mean less for everybody and in everything controlled by the government. It means being provided for abundantly and, also having the citizens be taxed more, which means we are willing to share our money so that we can all live well, Beautiful. Beautiful. Oh, thank you. Hooray. Wonderful. What country are you? May I ask where you coming? Gissele: Yeah, of Robertson: course. Gissele: Peru, I Gissele: [00:40:00] Yeah. Robertson: Wonderful. I’ve been to Peru a few times. A wonderful, beautiful country. And I, I lived in Venezuela for five years. ‘ cause I love, I have many friends in Venezuela. Robertson: But anyway I agree with everything you just said. That’s why I said what I said that I now can, I can confess that I am a democratic socialist. And that’s not socialism. It’s a social democracy is what it’s called. Yeah. That’s what they call it in Finland and Denmark and so on. Robertson: They call it social democracy. It’s democracy. But it, as you say, it’s cares for everyone and for the earth. We have to always add and the earth, ’cause you know, all the other species and, and the other life forms and the ecosystems, the water, the soil, the air, the minerals the plants, the animals. Robertson: and we have the money, as you said. I mean, if I had $350 billion, think of what taxes I could pay if the tax rate was, you know, 30%. [00:41:00] And rather than nothing, some of these, some of these folks pay, Gissele: well, I think we have glorified that we all wanted that, right? Like we got sold this good that oh, we should all want to be as wealthy as possible, right? And so we normalize the hoarding of money. Not the hoarding of other stuff, right? Gissele: And so we have allowed that, which gets me to my, next point, you talk about the environmental impact as part of a compassionate society, which absolutely is necessary. Gissele: And as human beings, we can be so lazy. We want convenience. We want to, have our package the next day. We don’t wanna wait. are we willing to pay higher wages? Are we willing to wait? Longer for our packages, like, are we willing to, invest in our wardrobe instead of buying fast fashion? Gissele: We don’t do these things and these have environmental impacts, and it also have human impacts, and at the end, they have impact on us. What can we do to ensure that, that we address that [00:42:00] complacency so that we are creating a fair, affordable , and compassionate world. Robertson: So important. Thank you. Robertson: It’s, it’s a life and death question. So yes, we should always ask about ecological and social impacts and take actions accordingly. That’s why I recycle every day. You know, some people say, oh, recycling is stupid. What do they really do with this, with it? You know, are they, are they really careful when you, they pick it up? Robertson: but I recycle religiously every day That’s why I support climate and democracy through third act. There’s a group that Bill McKibbon has started here in the US called Third Act. It’s a group of elder activists, activists over 60 who are working on climate and democracy issues. Robertson: So I’m doing that. That’s why I vote and get it out to vote. And as I said, I vote for Democrats and Democratic socialists. That’s why I write and speak and vote for ecological regeneration for social justice, for peace, for [00:43:00] democratic governance. It’s so critical that we keep questioning our actions like. Robertson: Okay, why am I recycling? Is it really worth the time? You know, deciding about every item, where it goes, and then putting out it out carefully and rinsing it first. And is that really going to help the world? ’cause you also know we need systemic changes, because you can always say, oh, but what the individual does doesn’t matter. Robertson: We need laws, we need institutions of ecological regeneration, and we need laws on caring for the climate and stopping climate change. So you can talk yourself out of individual responsibility when you realize that we need laws and institutions that protect the environment. Robertson: But it’s both. It’s both. what each person does, because there are millions of us individuals. So if there are millions of us act responsibly, that has, is a huge impact. And then if we [00:44:00] also have responsible laws and institutions that care for the environment as well as all people, then that’s a double win. Robertson: So I agree with you. We have to keep asking that question over and over and making those decisions and they’re hard decisions. We have to decide. Gissele: Yeah, I’ve had to look at myself like one of the commitments I’ve made to myself is not buying fast fashion. And so, investing in pieces, even though sometimes I feel lack oh my God, spending that much money on this, you know? Gissele: Yeah. It all comes back to me. if I am not willing to pay a fair wage, that means that the next person doesn’t get a fair wage, which means they don’t wanna pay a fair wage and so on and so forth. And then it comes back to me, you know, my husband has a business and then, you get people that don’t also wanna pay a fair wage. Gissele: It’s all interconnected. And so we have to be willing, but that also goes to us addressing our fear, our fear of lack, that we’re not gonna have enough. All of those things. And the biggest fundamental [00:45:00] fear, and you mentioned death to me, is the ultimate Gissele: fear That we must overcome I think once we do, like, I think once we understand that we are not, this human vessel. Gissele: that we’re not just this bag of bones and live in so much constrained fear that perhaps we could. really open up ourselves to be willing to be more compassionate . What do you think? Robertson: Absolutely. I’m with you all the way. Yes. We fear death because we’re caught in that illusion of a separate permanent self. Robertson: You know, it’s all about me. Oh, this universe is all about me. The universe was created 13.8 billion years for me. Robertson: Yeah. But it’s all about me and particularly my ego, honoring my ego. Building up my ego, praising my ego being, you know, that’s why I wanna be rich and famous. Robertson: Fortunately, I never wanted to be rich or famous, but that’s another story. We’ll talk about that some other time. But everything and [00:46:00] everyone is impermanent. When I realized that truth and it, it came to me through engaged Buddhism, but you could, you could get that truth in many, many ways. Robertson: That everything and everyone is impermanent. we’re part of the ocean. But the waves don’t last forever, do they? But the ocean lasts forever. Robertson: So My atoms, are part of the 13.8 billion year old universe. my cells are part of the living earth. Yes, they remain When I die, you know, go back into the earth. back into the soil and the water and the air but My ego doesn’t remain. What, what remains, as I said before, are my actions. Robertson: Everything I did is still cause and effect. Cause and effect. Rippling out. Rippling out. Okay. Rob, what did you do? What did you say? did you help that, did you touch that? Did you say that? so my actions and words continue rippling forever. So Ty calls that, or in the Plum Village tradition of engaged Buddhism, it’s called my continuation. Robertson: Your actions and your words [00:47:00] are your continuation that last forever as your actions and words will continue through cause and effect touching reality forever. So when my ego does not remain so I can smile and let it go. I often think about my continuation. You know, I say, well, that’s why, maybe why I’m writing so much and speaking so much. Robertson: And caring for so many people every day, you know, caring to care for my wife and my children and grandchildren and friends and neighbors, and the v vulnerable and the hungry, and the homeless, and the, and my country, and my city, and my county, and my, and why do I write substack twice a week? Robertson: And containing reflections on ecological, societal, and individual challenges and practices. And so every, week I’m writing about practices of mindfulness and compassion. So I’m trying to be the teacher. I’m trying to send out words of mindfulness and compassion so that they will continue reverberating when I’m dust, Robertson: So [00:48:00] I’m reaching out. In my substack to just those 55 people in 55 countries, in 38 states, touching hearts and minds and even more on social media. every month I have like 86,000 views of my social media. Why do I do it? It’s not just about ego, you know? Robertson: Oh, Rob, be famous. No, Rob is not famous. I’m a nobody. I gotta keep giving and giving and giving, you know, another word, another action, so I can, care for people around me through personal care, donations, voting, volunteering workshops, I’m helping start a workshop in our neighborhood on environmental resilience through recycling, through group facilitation. Robertson: I’m trained in, facilitation. I’ve been trained my whole life to ask questions of groups so they can create their own plans and strategies and actions. that’s some of my answer. Robertson: I hope that makes some sense. Gissele: Thank you very much. I appreciated your answer and it made me really think you are one of our compassionate leaders, right? [00:49:00] You’re, you’re kind of carving the way and helping us reflect, ’cause I’ve seen some of your substack, I’ve seen like your postings. Gissele: That’s actually how I kind of reached out to you. ’cause I was so moved by the material that you were sharing, the willingness to be honest about what it takes to be compassionate and how hard it can be sometimes to look at ourselves honestly, because we can’t change unless we’re willing to look at ourselves. Gissele: All aspects of ourselves, like you said, we are the billionaires, we are the oligarchy, we are all of these people. The racism that voted that in the, the racism that continues to show the fear, all of that is us. And so from your perspective, what do compassionate leaders do differently? Robertson: Yes. Well, it great question. Robertson: what do compassionate leaders do differently? Well, he or she or they. Robertson: are empathic. I think it starts with empathy. What are like, what are you feeling? What are you thinking? Robertson: What are you, what’s happening in your life? So an empathic [00:50:00] leader listens to other people. They see where other people are hurting. They care. They ask questions and facilitate group discussions, enable group projects. They let go of self-importance, you know, that it’s not all about me. Robertson: They let go of narcissism. They let go of, the ego project. They help others be their greatness. They care for their body mind so that they can care for others. and they donate and vote and recycle and more and more and more and more. did you know in Denmark. In elementary school every week, children are taught empathy. Robertson: You know, they have courses on empathy, Robertson: when I was growing up, I,didn’t have courses in school on empathy in church school, you know, in my Sunday school at, in my church. I was taught to love my neighbor and to love everyone, and that God was love. But in school, in my elementary [00:51:00] school and junior high and high school, we didn’t talk about things like empathy and compassion. Gissele: Yeah. Thank you for sharing that. I did know about Denmark ’cause my daughter and I are co-writing a book on that particular topic. The need to continue to teach love and compassion in, Gissele: being a global citizen. Right? And, and I’m doing it with her perspective because she just graduated high school, so she has like the fresher perspective, whereas mine’s from like many moons ago. Gissele: We need to continuously educate ourselves about regulating our own emotions, having difficult conversations, hearing about the other, other, as ourselves. Because that’s, from my perspective, the only way that we’re gonna survive. a friend of mine said it the best that we were having a conversation and she does compassion in the prison system and she says, I can’t be well unless you are well. Gissele: My wellness depends on your wellness. And that just hit me in my heart, like, ugh. Not that I live it every day, Robertson, Gissele: every day I have to choose and some [00:52:00] days I fail, and other days I do good in terms of like be more loving and compassionate and truly helping the world. But it’s a choice. It’s a continual choice. So this goes to my biggest challenge that maybe you can help me with, which is, so I was having this conversation with my students. We were talking about how. In order to create a world that is loving and passionate for all, it has to include the all, even those who are most hurtful, and that is really difficult . Gissele: I’m just curious as to your thoughts on what starting point might be or what can help us look at those who do hurtful things and just horrible things and be able to say, I see God within you. I see your humanity. Even though it might be hard. Robertson: Yes, It is hard. several years ago when I would hear [00:53:00] leaders of my country speaking on the media, I would get so repulsed that I would turn it off but I began practicing. Robertson: I practiced a lot since those days and I realized, you know. People who hurt, other people are hurting themselves. they’re actually hurting. they’re suffering. People who hurt others have their own suffering of, they’re confused. they’ve forgotten what it means to be human. Robertson: They’re, full of, greed, of their own fears, all about me. Maybe they’re filled with hatred they become violent. they’re suffering. I still find it very difficult to read or listen to certain people. Robertson: But what I do is I stop and I breathe and I smile and I say, okay. Robertson: I care. I’m concerned about you. I don’t know what I can do, but I am gonna do everything I can to care for the people, being hurt, you know, like my fellow activists in [00:54:00] Minneapolis are doing, or elsewhere, we could mention many places around the world where people are risking their own lives. Robertson: You know, in Minneapolis, two activists were killed, Ms. Good Renee Good, and Alex Pretty were killed because they went beyond their fear, you know? they got out there in the street because the migrants were being hurt and they got killed. Robertson: So, you know, At some point you have to come to terms with your own death, I don’t know if I have a, a minute to go or 20 years, I still have to let go. And so how do I care for my wife, my family, my friends, my neighbors my country, the vulnerable, the homeless, the hungry, and, as you said, for the wealthy and powerful who are hurting others, you know, starting wars attacking migrants, killing activists. Robertson: It’s hard. You know? So I have to say, I love the story of [00:55:00] when during the Vietnamese war Thich Nhat Hahn and his monks. They did not take sides. They did not say we’re on the side of the Vietnamese or the us. They did not take a side in the war. This is hard for me ’cause I, I usually take sides. Robertson: The practice was, okay, we’re not going to support we’re Vietnamese or the us. Were going to care for everyone. So they just went out caring for people who were getting hurt and during the war, people who were hungry, people who needed food, people who were bleeding, Robertson: So they decided their role was to care for those who were hurt not to attack. To say, I’m for the blue and I’m against the red. They said, I’m just gonna, care . Like, the activists in Minnesota, They’re, they’re not attacking ice, they’re singing to ice. Robertson: And so yes, we have to acknowledge our own anger. [00:56:00] I’m angry with these politicians. sometimes I want, to hate them, but I have to say, I do not hate you, my friend. You are confused. You’re so confused. You’re hurting others. So you’re so hurtful. Robertson: You don’t realize how you’re hurting others. But, I’ve got to try to stop you from hurting others. I’ve got to try to help those who are hurt and maybe I’m gonna get hurt, you know, because in the civil rights movement, if you’re out there doing on a peace march, you might get beaten up. Robertson: as I said, I’ve lived in villages, poor villages, and. Urban slums in several countries. And some people could say, well, that’s stupid. You could get hurt. You know, you could, you could as a white person living in a African American slum or in a Korean village or in a Venezuelan village, Robertson: So, you know, I say, was I stupid? Was I risking and I was with my wife and children? Was I risking the lives of my wife and children by living in slums and, and villages? Yes. Was I stupid? I mean, [00:57:00] no, I wasn’t stupid, but I was risking our lives. But I somehow, I was, called I wanted to do it. I said, okay. Robertson: but my point is it’s risky, you know? And you have to keep working with yourself. That’s why I love the word practice. Robertson: You know, in Buddhism we keep practicing, and I love your, the teaching of that you have on your website of Pema Chodron, you know, on self-love. You know, you have to keep practicing. How do I love myself? Say, okay, I’m afraid and I’m just this little white person, but or I’m this little old white person, but I’m gonna do everything I can and be everything I can. Robertson: I really appreciated the story of Han not choosing sides. I mean, you’re right. If we are going to see each other’s brothers and sisters and is is one global family, we can’t pick a side over the other, even though we so want to. Gissele: And, and I’m with you. when I think that there’s a [00:58:00] unfairness, when there’s people that are vulnerable or suffering, I’m more likely to pick to the side that is like, oh, that person is suffering. They’re the victim. But what you said is spot on. People that truly lovewho have love in their heart, like when you were raised with love. Gissele: You had love to give others because your cup was full. So it overflowed to want to help others, to want to love others. People that are hurting, that don’t have love in their hearts are those that hurt other people. Robertson: Mm-hmm. Gissele: They must because they must be so separated from their own humanity. Robertson: Yes, yes, yes. Gissele: And yet things are changing. You mentioned Minnesota, and I wanted to mention that I love that they’re doing the singing chants, and they’re not making them wrong. they’re singing chants like you can change your mind. You don’t have to be wrong. You don’t have to experience shame and guilt for the choice you’ve made. You can always change your mind. And in your book, you talk a lot about movements. Do you wanna [00:59:00] share a little bit about the power of movements and helping us create a compassionate civilization? Robertson: Oh, yes. Thank you. I’m, I’m a big movement fan. it started in college with the Civil Rights Movement. I realized, wow, you know, if a lot of people get together and do something together, it can make a difference. Like the Civil Rights movement. Gissele: Yeah. Robertson: And the women’s movement and peace movement. Robertson: And like in Vietnam, the peace movement, we could really make a difference if we get out in March. I think that being an individual or part of an organization that is part of a movement can be a powerful force. And so I focus in my life and that, that book on the six movements that I’ve mentioned, and those movements can work together. Robertson: And when they work together, they become a movement of movements. They become mom. Hmm. I like that because I I’m a feminist and I think that we need so [01:00:00] desperately we need more feminine energy inhumanity and in civilization. Robertson: So I’m a unapologetic feminist. And so that’s why I like that the movement of movements, the acronym is Mom, you know, and so it’s the Moms of the World will lead us like you. And so they’re the movements of ecological regeneration, socioeconomic justice, I’m repeating gender equality, participatory governance, cultural tolerance, peace and non-violence. Robertson: And you know, we also have the Gay Rights Movement, the democracy movement. there’s so many movements that it made a huge difference. So. I began saying that I, after writing the book, I said, okay,now my work is the work of the Compassionate Civilization Collaborative. Robertson: And I decided I wouldn’t make an organization, I it, wouldn’t have a website, I wouldn’t register it. I wouldn’t raise money for it. It would just be anybody and everybody [01:01:00] who was part of the movement of movements who was working to create a compassionate civilization. Robertson: So that’s what I did. And that’s where I am. I’m this old guy in my home. I don’t get out a lot. I don’t drive a lot. I just drive to nearby town. I have a car, but I don’t use it a lot. I don’t like to walk up and down hills. Robertson: IAnd sometimes I can’t remember things and I say, Hey, but look, you have so many friends all over the world and you can keep encouraging through your writing. So that’s why I keep writing, you know, it is for the movement of movements. Robertson: I guess that’s why I write. here’s something I want to share, something I thought or felt or something that I wrote about. And maybe it will touch you. Maybe it’ll encourage you. Maybe we’ll help you in your life. Robertson: I live in a homeowners association neighborhood. It’s a neighborhood that has a homeowners association. We’re 34 families and we have straight families, gay families. we have white families and non-white families. [01:02:00] We have Democrats, Republicans and Socialists. Robertson: We have Christians and Buddhists and Hindus. And so what I do, I say, Hey, we’re all neighbors. We all helped each other during the pandemic. We all helped each other after the hurricane. It doesn’t matter what our politics are or our religion or our sexuality, we’re all human beings. Robertson: We’re all gonna die. we all want love. We all want happiness. And We can be good neighbors. We don’t have to have ideology, you know, we don’t have to quote the Bible, we don’t have to quote Buddha. We can just be good neighbors. So we’re gonna have a workshop this spring And so we’re all going to get together down the street in this big room, in the fire station, and we’re gonna have a two hour workshop. And will it help? I don’t know. Will it make us better neighbors? I don’t know. Why am I doing it? I’m driven to do it. I’ve done workshops all over the world and I wanna do a workshop in my neighborhood. Robertson: I’ve done workshops with the un, I’ve done [01:03:00] workshops with governments, with cities So I love to facilitate. I love getting people together to solve problems together to listen to each other, respect each other, to honor each other. Gissele: so I’m just gonna ask you a couple more questions. But I’m just gonna make a comment right now about what you said because I think it’s so important. Gissele: Number one is I love that your neighborhood is a microcosm of what our world could be like . The fact that people got together to help and make sure that people were taken care of. If we could amplify that, that could be our world. I think that’s such a beautiful thing. Gissele: And the other thing that I think is really fundamental is that even through your life, you are showing us that some people are going to go pickett. And that’s okay. Some people are gonna write blogs to help us, and that’s okay. Some people are gonna do podcasts, and that’s okay. There are things that people can do that don’t have to look exactly the same. Gissele: Some people are going to have more courage, and they’re going to put their bodies in front and potentially get hurt. Other people, maybe they can’t do [01:04:00] that. So there are many different ways to help. The other thing that you said that was really, really key is the importance of moms . And that was one of the things that really touched me about your book, the acronym. Gissele: I was like, oh my God, I so resonate with this. Because I do feel that we need more feminine energy. We really kind of really squash the feminine energy. But the truth of the matter is we need more because fundamentally, nurturance is a mother energy is a feminine energy. Gissele: Compassion’s a feminine energy. Yes, yes, yes, Robertson: yes, yes, Gissele: so if I can share my story. Last night I was at hockey game. My son was playing hockey. Robertson: Mm-hmm. Gissele: And our team they don’t like to fight. Gissele: We play our game and we have fun and we’re good. And so the previous teams that were there, it was under Youth 15, most of the game was the kids fighting. And taking penalties. And so the game ends, the people come off the ice and two men that are starting to get like into a fight [01:05:00] now, woman got in front of them. Gissele: Wow. and said, we all signed a form that said, this is just a game. Remember who this is for? even though she was elevated, she totally stopped that fight between two men that we were not small. And So it was, it was really interesting. Robertson: Wonderful. Gissele: it was a woman who actually stopped a fight Gissele: It’s the feminine power. And that doesn’t mean, and I wanna make this clear, that doesn’t mean that men have to be discarded or have to be treated the same way that women are treated. ’cause I think that’s a big fear. That’s a big fear that some white males have. It’s no, you don’t have to be less than, Robertson: right. Robertson: We need Gissele: to uplift the feminine energy. So there’s a balance. ’cause right now we’re not balanced. Robertson: Exactly. Exactly. Oh, boy. Am I with you there? there’s a whole section in my book, as you noticed on gender equality I’m gonna read a tribute to Mothers I. Robertson: Tribute to Mothers Giving Birth to New Life, nurturing, [01:06:00] sustaining, guiding, releasing, launching, affirming Love. Be getting Love a flow onwards. Mother Earth, mother Tree, mother Tiger, mother Eve. My grandmother’s Sally and Arie, my mother, Mary Elizabeth, my children’s mother, Mary, my grandchildren’s mother, Jennifer, my grandchildren’s grandmothe

Vlak voor het cijferseizoen was Besi nog zo positief. De nieuwe orders trokken hard aan en de inkomsten ook. Ook zag het Nederlandse chipbedrijf dat z'n speciale hybrid bonding techniek aan interesse won bij klanten. Maar nu horen we ineens het tegenovergestelde. Die hybrid bonding slaat toch nog niet aan. Met het gevolg dat het aandeel snoeihard werd afgestraft. Deze aflevering kijken we of die reactie terecht is of dat aandeelhouders te snel (en te heftig) reageren.Hebben we het ook over Universal Music Group. Het AEX-bedrijf waar letterlijk muziek in zit. Alleen vandaag zingen beleggers nu een toontje lager: de plannen voor een Amerikaanse beursnotering worden in de ijskast gezet. Ook dat aandeel moet het nu ontgelden. Verder bespreken we de opmerkelijke plannen van Shell. Dat heeft deals gesloten in Venezuela. Ze gaan daar olie- en gas winnen. Vraag is wel of dat land stabiel genoeg is om zaken te doen.Ook deze aflevering: Een maffia-deal van Trump Overname ABN Amro nu al een mislukking? Anthropic sleept de Amerikaanse regering voor de rechter Softbank wil 40 miljard lenen voor OpenAI-deal Zorgt Iran-oorlog voor renteverhogingen? Te gast: Marc Langeveld van Antaurus AI Tech Fund BNR Beurs is een journalistiek onafhankelijke productie, mede mogelijk gemaakt door Saxo. Over de makers: Jelle Maasbach is presentator van BNR Beurs en freelance financieel journalist. Zijn favoriete aandeel om over te praten is Disney, maar daar lijkt hij de enige in te zijn. Sinds de eerste uitzending van BNR Beurs is 'ie er bij. Maxim van Mil is presentator van BNR Beurs en journalist bij BNR, waar hij zich focust op de financiële markten en ontwikkelingen in de tech-wereld. Je krijgt hem het meest enthousiast als hij kan praten over ASML, of oer-Hollandse bedrijven zoals Ahold of ABN Amro. Jorik Simonides is presentator van BNR Beurs, economieredacteur en verslaggever bij BNR. Hij wordt er vooral blij van als het een keer níet over AI gaat. Milou Brand is presentator van BNR Beurs, freelance podcastmaker en columnist bij het Financieele Dagblad. Jochem Visser is presentator van BNR Beurs, maakt Beursnerd XL en is redacteur bij BNR Zakendoen en de podcast Onder Curatoren. Vraag hem naar obscure zaken op financiële markten en hij vertelt je waarom het eigenlijk nóg leuker is dan je al dacht. Over de podcast: Met BNR Beurs ga je altijd voorbereid de nieuwe beursdag in. We praten je in een kleine 25 minuten bij over alle laatste ontwikkelingen op de handelsvloer. We blijven niet alleen bij de AEX of Wall Street, maar vertellen je ook waar nog meer kansen liggen. En we houden het niet bij de cijfers, maar zoeken ook iedere dag voor je naar duiding van scherpe gasten en experts. Of je nu een ervaren belegger bent of net begint met je eerste stappen op de beurs, de podcast biedt waardevolle inzichten voor je beleggingsstrategie. Door de focus op zowel de korte termijn als de lange termijn, helpt BNR Beurs luisteraars om de ruis van de markt te scheiden van de essentie. Van Musk tot Microsoft en van Ahold tot ASML. Wij vertellen je wat beleggers bezighoudt, wie de markten in beweging zet en wat dat betekent voor jouw beleggingsportefeuille.See omnystudio.com/listener for privacy information.

Discover how to spot undervalued stocks like Nabors Industries NYQ:NRB using the proven QAV (Quality at Value) methodology from Tony Kynaston – a systematic, checklist-driven approach inspired by Warren Buffett and Charlie Munger to beat the market. Today on the Weekend Watchlist we're looking at Nabors Industries (NYQ: NBR), one of the world's largest land‑based drilling contractors. It's a classic QAV‑style business: cyclical, capital‑intensive, shaped by oil prices — and currently screening very cheaply on cashflow and book value.Discover how to pick winning stocks and beat the S&P 500 with Tony Kynaston's proven QAV (Quality at Value) investing methodology.It's a systematic checklist for identifying undervalued quality companies, timing buys and sells with a "three-point trend line" and avoiding market noise. QAV America has delivered 64% returns since September 2023 vs. the S&P 500's 54%, perfect for beginners and pros seeking long-term compounding.Learn about the checklist manifesto, operating cash flow focus, and why QAV is expanding to cover US stocks. Use promo code SFBUS for 20% off QAV plans: QAV Club America (annual/monthly) for full tools and community, or QAV America Light for simple buy/sell signals. Start your 14-day free trial by clicking this link. Subscribe to this channel for more stock picking tips, value investing strategies, and market-beating ideas.Australian and investing in the ASX and ready to go beyond ETFs, learn from the master - Tony Kynaston's QUALITY AT VALUE. Sign up with code SFB for a 20% discount on QAV Club plan or SFBLIGHT for a free month of QAV Light by clicking this link. for Australians or those wanting to invest in Australian stocks.Disclosure: The links provided are affiliate links. I will be paid a commission if you use this link to make a purchase. You will receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they're offering something of value.Shares for Beginners is a production of Finpods Pty Ltd. The advice shared on Shares for Beginners is general in nature and does not consider your individual circumstances. Opinions expressed by guests are theirs alone and may not represent the views of Finpods, Money Sherpa, or Phil Muscatello. Shares for Beginners exists purely for educational and entertainment purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD, and obtain appropriate financial advice tailored towards your needs. Philip Muscatello and Finpods Pty Ltd are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289. Hosted on Acast. See acast.com/privacy for more information.

Episode SummaryRon Phelps, a wealth advisor with nearly 30 years of experience, joins the Influential Advisor Podcast to discuss his book Beyond the Sales Pitch: A Roadmap for Finding the Wealth Advisor You Deserve. Ron shares his journey from growing up in a tough Milwaukee neighborhood to military service to building a client-centered advisory practice. The conversation covers what separates a true trusted advisor from the rest of the industry, why jargon-free communication matters, and the questions every consumer should ask when evaluating a financial professional.Key Topics CoveredRon's Background & Origin Story — Growing up without means in Milwaukee, raised by a single mom on public assistance. A formative childhood experience at a grocery store shaped his drive to help others achieve financial security. After graduating high school at 17, he joined the Army during Desert Shield/Desert Storm, later earning an accounting degree and launching his advisory career in 1996.The Philosophy of Giving Back — Ron rejects the industry coaching that says advisors should only work with multimillion-dollar households. He shares the story of Jack, an 18-year-old tradesperson who saved $30,000 and became a client, illustrating that giving back means meeting people wherever they are on their financial journey.Ditching Jargon for Real Outcomes — Clients don't care about Sortino ratios or PE ratios — they care about retiring with dignity, building a legacy, and knowing they'll be okay. Ron's approach starts with understanding the person, their family, and their goals before ever discussing assets.What a Trusted Advisor Actually Does — Comprehensive planning goes far beyond picking stocks and funds. It includes estate planning, tax management, legacy planning, charitable giving, and proactive problem-solving. Ron details his team's communication cadence: quarterly calls, monthly market updates, and webinars that now draw 50–70 attendees.Creative Financial Solutions — Using the "Warren Buffett principle" of leveraging portfolio dividends and liquidity access lines so clients never have to permanently reduce their wealth to fund major life events like weddings or land purchases.Working with Business Owners — Succession planning, business valuations (offered at no additional cost), tax-efficient retirement strategies, and connecting clients with business opportunity advisors for selling or franchising.Legacy & Purpose — The story of Don, a client of nearly 30 years who went from being overleveraged on 400 apartment units to donating $22 million to a local cancer center — proof of what a long-term advisory relationship can accomplish.Questions to Ask Your Advisor — Ron recommends asking for 10 client references (not just one or two), understanding how the advisor charges, whether they invest their own money the same way, whether they have a true team with continuity planning, and whether they have a network of CPAs and estate planning attorneys.Guest InfoRon Phelps — Managing Director, The Phelps GroupBook: Beyond the Sales Pitch: A Roadmap for Finding the Wealth Advisor You DeserveWebsite: www.beyondthesalespitch.comSupport the show

South Africans are facing an impending and massive R8-a-litre fuel price shock when prices are adjusted next month. This spike is a direct consequence of the prolonged war in Iran, which has driven the Rand cost of oil up by 40%, jumping from R954 to R1,328 a barrel. The higher oil price - now above $80 a barrel from below $60 a week ago - is significantly impacting global inflation expectations, triggering nervous trading on Wall Street overnight. Also in Today's Daybreak: Global and local markets are under pressure, with the JSE down 0.75%, mainly due to a 2.5% fall in resource stocks. The Rand opened at R16.60 against the US dollar. Gold and Bitcoin remain steady at $5,150 and $71,250, respectively. SA's Geopolitical Tightrope: ANC Top Seven member Nomvula Mokonyane visited the Iranian Embassy in Pretoria to sign a condolence book for the assassinated Ayatollah Ali Khamenei. Professor Edward Minnie discusses how this brings South Africa's delicate position on the war into sharp focus. Iranian Succession & Trump: Donald Trump is insisting on being involved in the selection of the new Iranian leader and strongly opposes a "North Korean style" succession by the Ayatollah's son. However, the FT's Tehran correspondent reveals that Mojtaba Khamenei has already emerged as the leading candidate in highly confidential initial voting. Investment Strategy Insights: Piet Viljoen discusses his worldwide flexible 'Cockroach' fund. He shares his protective strategy of holding a high exposure to previously inexpensive energy assets to guard against unpredictable global events. He also unpacks Warren Buffett's approach to geopolitics and explains his allocation to cryptocurrency.

Renue Healthcare https://Renue.Healthcare/ToddYour journey to a better life starts at Renue Healthcare. Visit https://Renue.Healthcare/Todd Bulwark Capital https://KnowYourRiskPodcast.comBe confident in your portfolio with Bulwark! Schedule your free Know Your Risk Portfolio review. Go to KnowYourRiskPodcast.com today. Bonefrog https://BonefrogCoffee.com/ToddGet the new limited release, The Sisterhood, created to honor the extraordinary women behind the heroes. Use code TODD at checkout to receive 10% off your first purchase and 15% on subscriptions.LISTEN and SUBSCRIBE at:The Todd Herman Show - Podcast - Apple PodcastsThe Todd Herman Show | Podcast on SpotifyWATCH and SUBSCRIBE at: Todd Herman - The Todd Herman Show - YouTubeJeffrey Epstein was not just a sex trafficker who traded in access, information, and blackmail. He seems to have constructed a Pandemic Pay-to-Play model for figures like Bill Gates, Warren Buffet, and JP Morgan Chase.Episode Links:Bill Gates: "We didn't simulate this, we didn't practice." Is that so? EVENT 201 was a Corona virus pandemic simulation that took place on Oct 18, 2019. It was a collaboration between Johns Hopkins CHS, The WEF and yes, you guessed it, The Bill & Melinda Gates Foundation.2021. After Melinda Gates let the world know that Bill's relationship with Jeffrey Epstein was something she found extremely troubling, Bill went on Anderson Cooper to do clean up. The interview was over twenty minutes. Almost all of it was discussion of vaccines and Cooper praising Gates for his global health work.BREAKING: The Epstein Files Illuminate a 20-Year Architecture Behind Pandemics as a Business Model—With Bill Gates at the Center of the Network; Inside the JPMorgan–Gates–Epstein Pipeline: Donor-Advised Funds, Vaccine Finance, and the Architecture of Pre-Positioned Profit - Part 1 of 4 PartsMelinda Gates talking about young girls being taken advantage of by Jeffrey EpsteinI don't want AI assisting doctors — I want it embedded at the core of global healthcare.” - “We're linking medical records, biometric IDs, payment systems — feeding it mass patient DATA from one system worldwide.”Bill Gates also admitted to affairs with 2 Russian women in the Jeffrey Epstein files Bill Gates says he never witnessed any criminal activity This is shocking since Epstein and a man named “Bill” were emailing about a global pandemic Saying “I hope we can pull this offMelinda Gates seemingly hated Jeffrey Epstein

For the first time since Lyndon Johnson was in the White House, Berkshire Hathaway has a new CEO.  Greg Abel joins us in his major interview since taking over for the legendary Warren Buffett at the beginning of the year.  The company has resumed repurchasing its own shares for the first time since 2024, and Abel announced his plans to use his annual compensation each year to buy additional shares in Berkshire. Plus, the latest in the he-said, he-said drama of OpenAI, Anthropic and the Pentagon.    Greg Abel: 16:00   In this episode:  Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Haren Bhakta walks through the shareholder letter Berkshire Hathaway (BRK/B) released with its earnings, and how the tone has changed with Greg Abel assuming the CEO-ship. Haren thinks Berkshire could look to improving the businesses they own, which Warren Buffett largely stayed away from, rather than focusing only on capital allocation. He notes that Abel specifically called out a subsidiary in the letter, signaling a possible culture break. Haren also thinks the board of directors may take more control and less companies will be interested in being acquired by Berkshire.======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Voor de laatste keer in deze driedelige miniserie komt de GOAT aan het woord. De allerlaatste lessen die je écht van Buffett moet kennen. En hoe je ze toepast! Want zomaar wat cherrypicken in zijn strategie, dat zit er niet in. Aan bod komen onder andere bedrijfsrisico en hoe belangrijk het is om verder te kijken dan alleen het bedrijf: ook de sector moet je goed kennen. Daarnaast is Pim heel trots op zijn nieuwe functie in de PDT: de X-ray voor etf-beleggers. Milou heeft het meteen uitgeprobeerd – en schrok zich een hoedje. ► Uitgebreide show notes en achtergrondinformatie: https://jongbeleggendepodcast.nl/214-grote-beleggers-warren-buffett-deel-3 ► Word Vriend: https://portfoliodividendtracker.com ► Updates via Instagram: https://www.instagram.com/jongbeleggen ► Mijn volledige portfolio: https://app.portfoliodividendtracker.com/p/jongbeleggen 1) We maken gebruik van programmatic advertising, wat inhoudt dat we geen invloed hebben op de spots die in de podcast worden afgespeeld. Dit is vergelijkbaar met tv, YouTube, radio en de krant, uiteraard met uitzondering van de advertenties die we zelf hebben ingesproken. 2) Deze podcast is 100% expertise-vrij en alleen geschikt voor amusementsdoeleinden. De inhoud mag niet worden beschouwd als financieel advies.See omnystudio.com/listener for privacy information.

YourSuccessDNA.com - Discover the brutal truth about time thieves and how they steal away your daily 1440 minutes, affecting your productive mindset habits and overall success mindset. In this episode, we expose why traditional time management systems often fall short and reveal how shifting your mindset and adopting habits for success are key to reclaiming your time and boosting productivity improvement. Learn from the Warren Buffett calendar strategy, which reshaped Bill Gates' approach to managing his day, and master a 5-step time reclamation system designed to overhaul your habits improvement and entrepreneurial self care. This episode is perfect for anyone eager to build authentic success habits, develop a self improvement mindset, and achieve entrepreneurial success habits. Take control of your time by implementing proven productivity habits like the Eisenhower Matrix and deep work blocks while embracing the idea that time management is truly identity management. Embrace these actionable strategies to transform your daily routine and unlock your ultimate potential through intentional habits improvement and achieving success habits.

The Cardinals are set to release Kyler Murray sparking a debate about a potential move to the Jets. His height might be a major hurdle for Frank Reich. Jerry's first update covers the Knicks' victory over the Raptors, and former coach David Fizdale's admission that the team previously tanked for Zion Williamson or Ja Morant. Also, St. John's win over Georgetown and Boomer recounting a star-struck encounter with Warren Buffett during a CNBC segment.

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What is the best competitive moat in Agentic AI? Why AI Can't Replicate Brand Trust and Identity? Brand strategy, brand moat, brand trust, customer experience, Brand DNA, thought leadership, brand differentiation, AI era branding, AI experience design, AIXD™. A brand moat is built on trust, identity, and user experience — assets AI and competitors cannot easily replicate. In an era where AI accelerates commoditization and competition, your brand is the one competitive advantage AI cannot copy.  In this episode, global brand strategist, Thought Leadership Coach, and AIXD™ pioneer Joanne Z. Tan breaks down what a brand competitive moat really is and why trust, identity, emotional belonging, and loyalty are the strategic layers that defend your business in the AI native age. Learn how to design experiences that earn deep trust, embed your brand in customer identity, and turn loyalty into compounding business value — even when products and features become indistinguishable. Tune in for examples from iconic brands, Warren Buffet's wisdom, brand moat frameworks, and practical questions you can start applying today to build and strengthen your brand's moat. Watch it as a video Read it as a blog Timestamps 00:00 - Introduction + Warren Buffett on Coca-Cola and brand power 01:05 - Why executives underestimate brands (brand as expense vs strategic fortress) 01:50 - What is Buffett's “economic moat” vs what is a “brand moat”? 03:05 - Coca-Cola and Apple: how strong brands create pricing power and loyalty 04:25 - What a Brand Moat includes (trust, identity, emotional belonging, loyalty) 05:20 - The architecture of brand loyalty + why trust takes time to build 06:35 - Brand trust can't be automated: AI agents, low-stakes vs high-stakes decisions 08:05 - Trust in technology: privacy, security, explainable results, integrity 09:05 - Three elements of a Brand Moat overview 09:25 - Element 1: Consistent customer experience (every touchpoint builds or breaks trust) 10:20 - Element 2: Building trust (pricing power, retention, CAC realities) 11:15 - Element 3: Brand identity and meaning (identity marks and belonging) 12:05 - Building your Brand Moat: audit gaps, invest in trust infrastructure, design identity association, use AI to elevate human experience 13:15 - A moat alone isn't enough: staying top-of-mind (Coca-Cola advertising example) 13:55 - Closing: user experience is brand experience + enterprise destiny + call to action

Daily Snippet vom 03.03.2026 Der Montag hatte es in sich: Während Öl und Gold wegen der Iran-Krise erwartungsgemäß stiegen, drehte der breite Markt völlig überraschend ins Plus. Doch ausgerechnet mein sicherstes Pferd im Stall, Berkshire Hathaway, kassierte einen 5 % Crash. Auslöser waren die letzten Earnings unter Warren Buffett und eine handfeste Überraschung in den Büchern. Ob der Führungswechsel zu Greg Abel jetzt ein Verkaufsgrund ist, liest du im neuen Audio. —— Hier geht es zum Blog: https://www.julianhosp.com/de/blog/daily-snippet-03-03-2026   Folge mir für ehrliche Finanz-Einblicke! —— Montag bis Freitag: Dein persönliches Finanz-Audio. Kompakt, klar und mit den wichtigsten Marktinfos für deinen Vorsprung:

Keith breaks down where the U.S. housing market appears to be headed and which regions and states are quietly winning or losing in the population shuffle since 2020—and what that could mean for real estate investors.  You'll also hear about an intriguing cash-flow play in single-family rentals in select Southern markets. Then, Keith is joined by financial strategist and comedian Garrett Gunderson, who challenges the usual "scrimp and save" advice. Together, they explore how to build real wealth without sacrificing your life today, how high-net-worth individuals often get money wrong, and a different way to think about financial independence, freedom, and investing in yourself. Resources: Get Garrett Gunderson's Killing Sacred Cows audiobook free: DM @GarrettBGunderson on Instagram with the words "Keith Cows." Episode Page: GetRichEducation.com/595 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  1-937-795-8989 to speak with a freedom coach Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Keith, welcome to GRE. I'm your host. Keith Weinhold, is the future direction of the housing market trending up or trending down? Which states have seen the most population growth? Then powerful wealth mindset tactics with a financial comedian today on get rich education   Speaker 1  0:20   since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads and 188 world nations. He has a list show guests and keep top selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Keith Weinhold  1:04   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President chailey Ridge personally. While it's on your mind, start at Ridge lending group.com that's Ridge lending group.com   Speaker 2  1:38   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:54   Welcome to GRE from Mount Rainier to Mount Rushmore and across 188 nations worldwide. I'm Keith Weinhold, and this is get rich education. I am not a Lambo driving influencer that will take any brand deal just to shill a gambling platform instead. Our core strategy at GRE is aging. Well, I've spoken with a lot of LP investors with capital calls and deals that lost all their money. Well, we approach wealth building with discipline and consistency. It doesn't sound dazzling, but it really shines when things go wrong elsewhere, because at least for the core of our portfolios, we get long term fixed rate debt for income property get paid five ways and win the inflation triple crown, and we do it all with a high degree of passivity. Right before I took the mic today, I got a two sentence email from a property manager that said an air conditioning unit's air handler board had to be replaced for $420 I don't even know what an air handler board really is. Now, the manager sent some photos in a written estimate. I quickly checked chat GPT, and I saw that the price was about right, and replied to my manager to go ahead and have that done. That's it an example of relative passivity. US residential real estate has nominally appreciated over every single 10 year period in modern history, despite some occasional short term downturns, even those are not common. Well, we recently had a guest mention that it's 20 years at the longest like 20 years or less is the period of time between which real estate never goes down. He was right. But you actually can't find any 10 year period where home values fell. What about the 2008 global financial crisis, I think that's the first place that the mind goes. Well back then, home values bottomed out at 208k in 2009 before they started growing again. And 10 years before that, the median price it was 157k in 1999 so even when home values hit their GFC low at that point, they were still up 32% from the previous 10 years. So you can confidently say then that over any 10 year period, home prices are up nationally. Now, how about the future? Well, for the future, there is more evidence of rising home prices. Building permits for new homes have fallen to their lowest level since 2019 that's according to the census bureau. So fewer single family homes are being built. Now we plan to discuss that more on. Next week show when we dive deep on does America really have a housing shortage? But this week, more reasons for future home price bullishness is that the labor market now, it's not doing that great. It sure isn't white hot, but unemployment, which was already low, that recently dropped a touch lower to just 4.3% inflation has fallen to 2.4% and wages are rising faster than that. In fact, our own Fed Chair recently remarked at how he's surprised at the strength of the economy. The property market analytics firm kotality, they now expect home prices to appreciate another four and a half percent this year. They and other firms continue to believe that the Midwest will be the hottest area of home price growth even more than that four and a half percent in that region. That is because not only is the Midwest underbuilt, it's that the prices are so affordable that it's attracting young people. The other factor is that mortgage rates recently dipped just below six into the high fives again, and that can release this pent up housing demand, and think about where we've come from. In late 2023 mortgage rates were about 8% and now lower mortgage rates also reduce the lock in effect, so it can create both more sellers and more buyers. The thing to remember is that 70% to 80% of home sellers are also home buyers because they've got to live somewhere. And first time homebuyers, of course, they buy only, they don't sell anything. In fact, former GRE guest in housing wire lead analyst Logan modeshami and Barry Habib were just positing on this at housing wire's latest summit on how the volume of home sales has been depressed for so long that lower rates could very well trigger a rush of buyers, these kind of people that have been delaying purchasing for years, this pent up housing demand being released if indeed rates go lower. People think they know the future, but we don't really know that that's going to happen for sure. But a lot of optimism about this phase of the housing market supported by not great, but decent economic conditions. Of course, that new housing demand is going to manifest unevenly across the nation. So let's talk about the places that have seen the most population growth from 2020 to today, basically the states that support that housing demand. Well, between 2020 and today, the US has grown by about 10 million people. That's over 3% nearly every state grew. But the bigger story is where that growth is happening. And really, here's the jaw dropper as a region, the South, gained more people than all of the other regions combined, about 7.6 million new residents in the south since 2020 the South's population is up 6% the West's almost 2% the Midwest population is up more than 1% and The Northeast up seven tenths of 1% again, this is not per year. This is total population growth from 2020 to today, Florida and Texas, they led the nation among the big states, both up almost 9% sprinting like they just found out that income tax is optional. The Carolinas in Tennessee are big southern growers too. People clearly keep moving toward warmer weather, a lower cost of living, lower taxes and job markets. Nothing new there. California in New York are the biggest losers in absolute numbers, California losing half of 1% of population in New York, a full 1% people keep moving away from these traditionally expensive, high tax coastal states like a buffet when the crab legs run out, people just getting up and leaving. That's not any sort of news story there, either. These trends help cash flow residential real estate investors like us, because the south aligns with that favorable landlord tenant law and those high ratios of rent income to purchase price. Luckily for us, that's where people are moving too. The Midwest has those phenomena as well, although their growth has been slower.    Keith Weinhold  9:39   Now a few Midwest highlights for you. Since 2020 the population of Indiana is up 2.8% quietly benefiting from Illinois. Escape Velocity, Missouri up almost 2% and that's growing mostly in Kansas City and St Louis suburbs. Ohio at almost 1% that's pretty modest growth overall, but Columbus up 5% that is flexing like it just landed a semiconductor plant there in Columbus, the intermountain west has bicep bulging growth, but it rarely works for us, because rents are only a little higher, but property prices are way higher. Yes, those pretty Rocky Mountain states, great Instagram, tough cash flow now Louisiana, it is a state that confounds people. It's a warm place, and it has a low cost of living, you would think Louisiana would be attracting people in droves for those reasons. Well, then why is its population following Louisiana down nine tenths of 1% since 2020 Well, you've got bleak job prospects that make Louisianans leave its tax competitiveness ranks 31st property insurance costs are high thanks to environmental risk. Louisiana has more swamps than beaches. Even the NFL saints were six and 11, and if they had made the playoffs, that wouldn't have made people move back. And hey, no personal shade here, I enjoy going to the New Orleans investment conference in Cajun culture, in Airboat Tours through the alligator filled Bayou, fun stuff, but for income producing property, you got to seek out different characteristics than just vacation Glee or how Good the gumbo tastes keep emotion separate from investing, Hawaii is America's biggest percentage loser. Its population is down one and a half percent since 2020 its cost of living is stratospherically high, with a median home value of just a little over a million dollars. That results in net outmigration to the mainland parts of the Aloha state now experience natural decrease. That means that deaths exceed births. Natural decrease. That's mostly a phenomenon on the Big Island. That's not where Honolulu is. That's where you have Kona and Hilo when young people can't afford to stay demographic gravity kicks in population loss. Hawaii is also highly dependent on tourism, meaning more volatility in recessions. It has contractor availability issues and higher repair costs, partly due to shipping materials to the remote islands. What about the upsides of Hawaiian real estate? Well, you're just going to have this inherent, strong, long term land scarcity and lifestyle desirability overall. Hawaii isn't bad. It's just hard. And I like Hawaii as a place to vacation, so the best times in my life were in Hawaii. Now, with all this said, These are broad generalities about states which are big places themselves right now. There are certainly Missouri real estate investors listening to me that are actually losing, and Hawaii real estate investors that are winning, and even cash flow positive. I'm talking general trends here, and this is with respect to long term rentals, not short term rentals. If your rent to price ratio is as low as point three or point four, like it often is near the coasts, well then you are speculating on appreciation. That's what that means. All 50 states have opportunity. All 50 states have no go zones. People keep moving south. That's a trend that the pandemic accelerated six years ago. More opportunity is concentrated there. That's got nothing to do with vacation excitement. That is population math, and I'm talking about swimming with the tide here in our Don't quit your Daydream newsletter I recently sent you that colorful population change map that I was describing some of there. More recently, I also emailed you that great and rare map of landlord friendly versus tenant friendly states mapped out and a lot of other great stuff.    Keith Weinhold  14:17   Before we bring in our firebrand guest, Garrett Gunderson, I just learned about a really strong opportunity for a provider of single family rentals and duplexes in Memphis and Little Rock. They're providing a locked in 5% interest rate and 5% property management for five years. Yeah, that's not a throwback to 2020 it's what mid south homebuyers calls their triple five program. They are the oldest and most trusted, maybe turnkey investment provider in the country, operating since 2002 and what they do is they offer these fully renovated, occupied rental properties in Memphis and Little Rock, two of the strongest cash flow markets in the South. With financing and management and rates that make the math work like it hasn't in years. So again, 5% interest, 5% property management fees for a full five years. You know those markets, they already had these investor advantage numbers with rent to price ratios mere point eight in Memphis and Little Rock. But yeah, that low 5% mortgage rate, even for renovated properties, not just new build. That's the kind of spread that turns a good deal into a great one. So to give you an idea, if you get a 30 year fixed rate mortgage loan amount of 125k with a 7% mortgage rate, your principal and interest payment is 832, at a 5% rate, it's just 671, so that's $160 more cash flow right there, and it's made a tad sweetener than that with just a 5% Property Management rate. And I don't know how long that offer is going to last, but it is available now and for the next little while, you can ask about it. When you visit mid southhomebuyers.com that's mid southhomebuyers.com and you can ask them about their triple five program. More next. I'm Keith Weinhold. You're listening to Episode 595, of get rich education.    Keith Weinhold  16:19   Flock homes helps you retire from real estate and landlording, whether it's one problem property or your whole portfolio, through a 721 exchange, deferring your capital gains tax and depreciation recapture, it's a strategy long used by the ultra wealthy. Now Mom and Pop landlords can 721, the residential real estate request your initial valuation, see if your properties qualify@flockhomes.com slash GRE, that's F, l, O, C, K, homes.com/gre. You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom family investments.com/gre, or send a text. Now it's 1-937-795-8989 Yep. Text their freedom coach directly. Again, 1-937-795-8989,   Dani-Lynn Robison  18:08   this is freedom family investments. Co founder, Danny Lynn Robinson, listen to get rich education with Keith Weinhold, and don't quit your Daydream. You Brenda.   Keith Weinhold  18:24   Today's guest is someone that America knows as the long haired, bearded money guy in the past, he's drawn physical appearance comparisons to Jesus Christ. He's a prominent financial strategist. Founded an eight figure company, hit the Inc 500 he's both a New York Times and Wall Street Journal bestselling author. He is just an electric speaker, including appearances in front of dozens of billionaires. And he's just got this great way of speaking to financial freedom that hits you differently. He even has a comedy special that's great to welcome back to the show. Garrett Gunderson,   Garrett Gunderson  19:02   that's good to be back. Man. Is really good. Love your energy. Has a nice intro.   Keith Weinhold  19:07   Well, you give a lot of like, nice guidance to people that's somewhat different than they're used to hearing. You know, Garrett, I think a lot of the conventional guidance is, you know, it's not very far above Elementary School advice like, put your credit card in the freezer so you don't use it too often, but a lot of times you speak to either business owners or people that have already had some success, and I think a lot of your underlying mantra is, hey, you better live your best life now   Garrett Gunderson  19:35   I kind of feel like you are your greatest asset, and if you starve out that asset because you don't feed it with knowledge, or you don't invest in yourself, or you don't gain the skills that really matter because you're so addicted to scrimping and sacrificing and building your balance sheet right, trying to build savings accounts and retirement plans and doing all you can to pay off that mortgage. Yeah, you could become a millionaire on paper. But will you live like one? Will you enjoy your. Life. What about all the memories that you miss along the way? What about having quality of life today and creating a life you don't want to retire from? The wealthy people, they didn't get that way because they shrunk their way there. They didn't get that way because they were amazing budgeters. They built businesses. They created value. They learned how to, you know, sell or speak or market or have business acumen that grow business or to hire people, and having those systems that actually impact more people or more deeply impact the people that they serve, because it's about value creation and their value creators. And I think this notion of just thinking, Oh, I could just trade time for money and set money aside. Man, that's a really painful way to get to a million dollars, but Northwestern Mutual, they just put out an article that said, 32 or 34% of millionaires don't feel wealthy, because if you have money tied up in an account that isn't kicking off cash flow, it doesn't feel like wealth. You can't spend that net worth. It's just a statement if you don't learn how to create cash flow. And I love financial independence, where people have cash flow from assets to cover their expenses now their lifestyle is covered from that cash flow. Now they can reinvest every active dollar into themselves and their quality of life, into more cash flowing assets, into taking trips along the way, not just waiting until they're too old to enjoy it.   Keith Weinhold  21:13   You work with business owners all the time, and you've even worked with some ultra high net worth people that still seemed to scrimp and save. Do you think really, what is that the function of? Is it more of the wrong mindset or the wrong tactics when someone acts that way?   Garrett Gunderson  21:32   It's a mindset that's really kind of handed down to them? Yeah, maybe from their parents or grandparents or from a different era, like there's people that were, you know, in the Great Depression, that then tells stories to their family about how tough it was, and you never know when that money could go away. So you got to hold tight, and it's a scarcity mindset. So one of the wealthiest clients I ever had, I mean, this was a guy who he was worth a lot of money, but you would never know it. I saw him on TV one day. I was like, Dude, he needs new clothes, and we found a strategy to save him a bunch of money. He was just buying his inventory with cash or like, let's buy it on a plum card, and you'll get cash back. I just said, Just take 10% of that cash back, which was over $100,000 a month, and spend it on yourself. He's like, Well, I wouldn't know to spend it on I'm like, Well, how about some new clothes to start with? He's like, Okay. And then the next month, he bought a nest system for his house. The next month he bought a sound system. Eventually, saved up enough money to buy a Tesla, which he really wanted, like it was money that was there for him, but it changed his entire paradigm, because now he had a quality of life. He was very philanthropic and donated money. He built massive businesses, but he never treated himself well. He'd never felt like it was okay to spend that money because of his upbringing, because the way that his parents viewed money and the way that their parents viewed money, and it was always something that felt scarce. So it felt like, okay, will this go away? And the reality was, we just found money in your couch cushions, essentially. So why not enjoy it along the way? He eventually bought a home that he loved on the water, that he loves the garden. I mean, it was like a total transformation with that one simple thing to help him heal his relationship with money, overcome scarcity, because he was already highly productive. He just had to break free from this budgetary mindset.   Keith Weinhold  23:09   That's great. It was almost like, Dude, I can see it in you. Before we even talk. You got that code off the rack at Burlington. I swear you can do better than this. Come on, now   Garrett Gunderson  23:17    30 years ago, 30 years ago too. You know, it doesn't even fit anymore.   Keith Weinhold  23:23   Well, you know, I recently dedicated a complete episode Garrett to the way I put it is that the risk of delayed gratification is denied gratification. Now, there are some good things to be said for delayed gratification, I think, especially when you're younger, or you're just starting out in the working world, and you just tried to cover rent for your apartment and you don't have much else. Delaying some gratification is good. You need to form capital. You need to get liquid. I try to avoid saying stacking savings, because that gets people in the mindset of becoming super savers sometimes, and they miss out on returns. But what I mean about the risk of delayed gratification, being denied gratification, if it's taken too great of an extent, is, you know, I'm talking about the guy where, when he was 24 he used to say, Oh, I'm going to visit the Galapagos Islands someday. That's what I want to do. But you can just tell by the time you talk to the dude, when he's 48 he begins to use the past tense for things he wanted to do, for example, then he might start saying, Oh, well, I guess I never did visit the Galapagos Islands. You know, you can tell with people when they use the past tense, and that's when you know that their future is not bigger than their past, and a lot of that is the reflection of their financial status.   Garrett Gunderson  24:40   I got married at age 23 and the first two years, well, it was really like the first year and a half, maybe I was just such a miser. I gave my wife a $400 a month budget for an apartment, and we found out that there's places you don't want to live in Utah. I didn't know it, but she's like, is this what you want? And I was like, This doesn't feel like a safe neighborhood. And then you. Know, I was like, All right, maybe $600 I was still kind of really scarce. And my parents were like, Why don't you just live in our basement, rent free, and my wife's like, sex free. If you think that's where we're living, I'm gonna live in my parents basement, you know? Because I just thought money was something to save. So I saved me over 50% of my income. And a lot of people were like, that's amazing. Congratulations. Great job. And so I felt really good about it, and then I realized that my business wasn't growing as fast as this other person my age. I met him at an event, and a year later, he was doing better. And I was like, Dude, what's going on? I could hear it in your voice. I could hear like, you're just a different person. He goes, Oh, I'm doing two things. One, I just hired this guy, Steve D'Annunzio, and he changed my entire life. And I was like, I need to meet him. He's like, he happens to be here in Vegas. He's from Rochester. Introduced me. I hired him as my coach right away. I'm hearing all these people talk about strategic coach at the same event, and they had a booth. So I signed up for Strategic Coach, which meant I had to part with some of my money. Think it was $7,500 I hired Steve as a one on one mentor, and all of a sudden I was investing in myself, yeah. And I broke free from those chains of like, reduction and restriction into the game of production. And then I even had a situation where a woman called me out at the same event. This was a life changing event where she's like, I wonder what it's like living in a financial prison you built for your wife. It's like, Oh, see, that's what happened. I thought I was responsible, and building that responsibility that's actually building walls. And when I came home for that event, my wife and I started looking for our home. Within a few months, we found one. I bought a home. It was very easily within my means. I basically made as much as I paid for this house that we loved. We lived there for nine years. We built so many memories. You know, we had our two kids while we were there, I started host study groups, and that year, I grew my income by $170,000 with the coaching of strategic coach, Steve dnunzio And this woman, Nancy, calling me out. The next year, it grew by even more because the skills started to compound. I decided from that moment forward, I would spend at least $40,000 a year, which I might be able to reach for some people, but at least $40,000 a year on mentors. Is a guy named Alan. He writes my meal plans and my workouts, and I'm at 10% body fat because he knows exactly what they do. I do what he says. It was worth this $10,000 investment, because now I pay attention what I pay for, and I look at like if I'm my greatest asset, how can I create more energy? How can I create more value? How can I feel better about myself? How can I show up the very best version of I am, so I can deliver the most to the other people. And so I've always just been in amazing groups. I just got back from two different events in Beverly Hills around amazing people, learning incredible things that allow me to grow. I haven't spent a huge amount of money on a mentor last year to figure out something that I hadn't been able to figure out to this point. It's the same thing I did to become a speaker, to become a writer or even learn how to sell or market, you've got to invest in the skill, not just in the savings account. You grow yourself first, and then you grow your money. If you starve yourself out because you're in that miserly mindset, you're going to stunt your growth and never be fully fulfilled.   Keith Weinhold  27:56   You're your own best investment. And yes, this stuff is the varying definition of investing in yourself. Don't live below your means. Grow your means and all of that.   Garrett Gunderson  28:05   Grow your means and be more efficient within your means. I mean, the best way I know how to save is not overpay on tax, which 98% of business owners are doing that today. You know, don't overpay on interest, because you either restructure your loans, renegotiate your interest rates, reallocate underpouring funds to pay it off, or you remove investment drag. A lot of people have unnecessary fees and hidden commissions that drag on their investments. Or just design your insurance properly so it's more efficient. Those four i's, IRS, interest, investments and insurance show you how to keep more of what you make, take some of that money, build up your foundation so you have a peace of mind fund, so you have staying power, at least six months of liquidity and then invest more into yourself or learn how to create cash flow. This is the game the wealthy play. But the poor middle class, they think it's about paying off a mortgage and funding the retirement plan, and they will argue about it until it's too late, when they get there and now their homes paid off, but the property taxes are higher than their mortgage was 20 years ago, you know. Or they have home maintenance they have to take care of, or inflation has destroyed the value. Like if someone were to put away 100 grand and they wait for 30 years if they got 10% which the market did the last 30 years, if you reinvest dividends, they're going to have right around $1.7 million but if they have to pay 2% in fees, fiduciary fees, 12 b1 fees, which are marketing fees for the fund expense ratio, you know, the fees of maybe a retirement plan, and they now have 2% fees. It only goes to 1.1 million. Huge difference. And that 1.1 million if we account for inflation, even if we said inflation was low, like 2.7% over that 30 years. Well, by the time we pay for inflation and tax, guess what? The purchasing power value is like, 300 grand $300,000 that's a problem, and it's because they didn't learn to create cash flow. It's because they didn't learn to invest in themselves. It's because they relied completely on a market they don't control. I'm not saying the market is completely something to avoid. I'm saying we go in sequence. How do you grow your income for. First, then how do you keep more of the income you make with? You know, financial savvy and plugging leaks. Then learn to grow your money, but maybe growing your money. For some I like to think of like three dimensional assets, like real estate's three dimensional. It can grow in equity, it can create cash flow, and it has tax advantages. But my business is three dimensional, the more my business creates cash flow, without me, the more equity it has, and that business has major tax advantages. So most people are one dimensional, pay off a loan, put a money in retirement account. That's the poor, middle class. Wealthy people build a system where they've got three dimensional assets, equity, cash flow and tax savings. And that is a complete game changer, because then they can employ the buy borrowed I strategy, if you have assets like, you know, an individual stock, or if you have assets, like a piece of real estate or a business, you could borrow against it. There's no tax on that five for life, right? You keep refinancing. Or you can even do charitable trust to avoid the taxes upon the sell of those paying no tax when there's gains. Or you can pass it on to the next generation with a step up in basis, which means they get it at the full value and not have to pay the difference. And if you have life insurance, the life insurance will pay back the loan that tax free as well. So buy, borrow, die. I mean, it's a completely different thought process of defer taxes. If you defer taxes, I get it. You could do a Roth IRA or Roth 401. K Sure, that'll let you put after tax money in and grow it. But where's the cash flow? What's the underlying investment? How does it help you create financial independence? How does it help you does it help you grow your skills to become a better investor? We've been taught to be lazy, not that people are lazy. We've just been taught to be lazy with our money. We've been fed a narrative. I don't have the time, I don't have the skill, I don't have the interest, but I want to have it, so I just hand it over. And who do we hand it over to Keith Wall Street. Wall would you trust Wall Street? Like you flew to Frankfurt not long ago. Would you get on Wall Street airlines where they're like, hey, sometimes our planes go up, sometimes they go down. That would brand, and he'd feel inspired, right? Would you go to Wall Street, you know, hospital? Or like, hey, he lost one of your kidneys, and by loss, we stole it and resold it. You know, like, Wall Street doesn't have a brand. That's good. It's boiler room. It's Wolf of Wall Street. It's the movie Wall Street with Michael Douglas. You know, greed is good like yet that's what people put their money into. And you can go to any downtown and any major city, and guess who has the biggest buildings, insurance companies, banks and Wall Street investment companies. So you're taking the size of your home and shrinking it to build up their building and put money in their pocket. And their story is, it's because they're Ivy League, they're smart. They try to make it complicated, but you don't have to know most of the things you think you need to know about finance. The foundational things are important, how to protect your assets, how to design insurance, to transfer risk, how to have some liquidity, how to automate your savings. And then you focus like Warren Buffett would teach. He said, You know how people would become a better investor if they only had 20 investments they could make over their lifetime? He says, I don't diversify because I'm in the know. He's like, I'm a good businessman, therefore I'm a good investor and I'm a good investor because I'm a good businessman. I don't separate the two. Yeah, most people think he's a stock market investor. No, he buys out the companies in the stock market. Rarely does he have minority stakes in it. He does have some of that, maybe with Coca Cola and apple, but he bought a lot of companies outright, whether it was Geico, whether it was See's Candies, whether it was like he buys these companies, he's so far outperformed the stock market by billions of dollars from an index fund like what he has, versus someone that put the same money in an index fund, Warren has billions more from his investments than the person that put all their money in the index fund, even if it was the same amount. It's completely about strategy, not about luck.   Keith Weinhold  33:30   Yeah, it's the Andrew Carnegie, put all your eggs in one basket and then watch your basket. Yeah? Watch that basket like a hawk. Totally. Yeah. I mean, stacks mutual funds, they have what I call those five simultaneous drags. If you think you're getting a 10% long term return over time, subtract out inflation, emotion, taxes, fees and volatility. What do you have left? Not much. But there's no friction there. It is just the easiest thing to do ever since decades ago, 401 K contributions begin to become automated throughout your paycheck, sometimes even automatically, automated   Garrett Gunderson  34:04   values your permission opt out. It's easy. You have to opt out, right? It's Big Brother. You don't know what's best for you. And by the way, how crazy are four one K's. Part of the reason the market has gone up in value is because people consistently fund for one case, whether the market's going up or down, they're told $8 cost average. So that's artificially fueling the market. When we see the numbers, there's a buffet index, and it's like 2.9 times higher than what he's comfortable with, with the stock market, because of how overinflated the market is, partially due to inflation, partially because people put money in. But let's remember, why did 401, K's even come about? Because pensions failed. And by the way, these pensions failed and they had world class money managers managing these multi billion dollar pensions, but they didn't know about something called disinvesting, or didn't know enough about it. When the market goes down and pension money is owed, they still have to pull money out of the pension to pay the employee which disinvests, which pulls more money out of the account. So now instead of just being 10% down, they might be 17% down. And so even if the market comes back 10% it's 10% of only 83% of the money. So not even back to square one. And if it goes down a second year in a row, they're in real trouble. It starts to chip away at the principal, and they can't recover. And that happened to pensions, and they said, Oh, here, we can't handle these. We're going bankrupt. We're going to get rid of pensions. You take care of it. Well, guess what? Vanguard says, the average balance in a 401, k right now is $148,000 how someone's supposed to live on $148,000 even if you could get 10% that's $14,800 a year taxable, that's not going to do it. Even if you have a million dollars, where are you going to put the million dollars to get the return without risking it going down? Maybe you're going to be in treasuries at 5% that's $50,000 taxable per year. You're a millionaire on paper, but living poorly. That's why I'm here to call these things out. I think that my book Killing Sacred Cows, which was my original New York Times bestseller, which is probably how we met. Yeah, I rewrote it. I rewrote it, rereleased it in 2024 and I'll give people the audiobook. They just have to DM me on Instagram. Garrett B Gunderson and DM the word cows with Keith's name, cows and Keith or Keith and cows. I'll hook you up with the book for free, so you can learn about the nine financial myths. We're talking about some of them here, but there's also some comedy in there, so they can laugh after each chapter. I threw some comedy in there. You know, if you like my comedy, I'm not the funniest comedian. I'm just the funniest money comedian. That's the reality.   Keith Weinhold  36:33   When we had the very inventor of the 401 k plan, Ted benna, come onto the show, he revealed to us that when 401 K plans rolled out, they were first called salary reduction plans. They had to scrap that name in order to foster participation. But reducing your salary is still principally what it does to you. You got to think about it that way and blow up some of these myths. But Garrett, you've already given a lot of great technical information about what someone can do, how someone can think differently. Bigger pictures, we're sort of winding down here. You know, when I'm thinking about this whole delayed versus denied gratification thing, how do you meter it out right throughout your life? I mean, what's your earmark your family legacy? How do you meter it out, right so you don't have too much or too little at the end of your life?   Garrett Gunderson  37:15   I like to see this strategy of, like, what would the rockfellers do that I wrote about is, you know, the beginning before that strategy is you pay yourself first, which has always been around Richest Man in Babylon. Tons of books talk about it. My argument is you want to pay yourself at least 15% of your personal income, off the top, to a separate account. Once you get six months in that account, now you start to invest that money, but you build your stability with that peace of mind. And we want 15% because the luxury once enjoyed becomes a necessity. So you want more money in the future, not the future, not less propensity to you know, there's also, just like planned obsolescence, things break down. You have to repair them. Technological change, we're buying new technology that doesn't even exist. I have now subscriptions to a bunch of AI things that help me out, right? But I'm spending more money. There's also taxes, those could go up in the future, or 38 trillion in debt as we film this, which is a crazy number. And there's also inflation. If we give 3% to each of those five factors, that's 15% now again, use the four i's, IRS, interest, investments and insurance to find that money, not just budgeting. But then here's the magic. At least 3% of your income should go to a separate account called the Living wealthy account. That's your guilt free spending, value based spending account, so you enjoy some money along the way. These are the things that are the finer things in life that people might say are wasteful. You know, there's a book called unreasonable hospitality that talks about this, 11 Madison Avenue was the number one rated restaurant in the world. And, you know, will who wrote the book talked about they had 3% of their budget to just go wild on their customers dream making money, right? So to create the special experience in the restaurant, and even the bear, I think was season three, showed some of that process of how they do that. So I highly recommend taking a certain percentage. You get to enjoy along the way. It could be higher than 3% but start there, and you're going to feel better, you're going to have different energy, you're going to show up in a different way. And then from there, I just believe in having trust, so that your money's outside of your estate, and protecting financial predators so you own nothing but control everything. And I personally use life insurance. I use just standard over, you know, like basically properly structured, optimally funded whole life, so that death benefit will come in after I die. It allows me to spend more of my money and then have it replenished so I can enjoy more of my money along the way, because I know that death benefit will be there for my wife or even for my family trust after I'm gone, so I don't disinherit the people that I love.   Keith Weinhold  39:31   Garrett Gunderson, he can take you through these steps, which he calls financially fit, to financially independent, and then finally to financially free. Tell us a little more about that going through those steps.   Garrett Gunderson  39:44   So financial fitness means your financial house is in order. You've got everything handled properly, car insurance, homeowners, liability, disability, medical life insurance, your corporate structures as a business owner, how you pay yourself, your taxes the last three years and move. Moving forward your investments. It's like, you know what it's going on. You've improved your cash flow, and you're dialed in. You're as safe as you could possibly be. Then financial independence is, how can we create income, especially from a business that comes in when you don't, that's people, that's processes, that's technology, so that you can be involved, but you don't have to be involved. This is the part most people miss, yeah, and I think it's crazy. A lot of people have this notion they're just going to work so hard so they can sell their business one day, I'm like, What about just creating a business that you love so much you don't want to sell it? What about giving up the things that are burning you out and have the employees that can take care of that so you do the things that you love and then just enjoy life along the way, take some little trips, take some time off and come back in. The business grows up when you're away, they learn how to do things without you, and then you can still create value into that business. I sold the business in 2021 and really regretted it, because I kind of was so removed from the business. I kind of felt like it lost its soul and I didn't feel connected to it. So this time around, I started a business in July of 2024 I'm like, I'm only going to work with the P with the people I love, building things that I love, and I'm not going to let myself get burned out by doing too much. We're going to take two weeks in Hawaii coming up here in April, just enjoy some time together as a family. We do quarterly family retreats with my wife and kids. We do traditions with my family up at my cabin, like I want to have this great life where it's blurs the lines between work and play. I have a little quote from someone else that talks about that art of life is blurring the lines between work and play, but also just having complete play sometimes that there is no work. So I come back refreshed, relaxed, rejuvenated and ready to create. And so really, that financial independence gives you permission to swing for the fences and what you do, knowing your foundation is handled, knowing that your lifestyle is covered, from assets to create cash flow gives you work optional freedom. But instead of retiring, think, what could your biggest impact be like? Create the life you don't want to retire from. Create a vision so compelling you can dedicate your life to it and find that the win is actually in the work, not just the outcome. I think that is the elegance of we win when we play, and when we have more play in our life. We don't try to escape from something. And when you start something, you might have to do things you hate, but you can eventually delegate it, and then life becomes great. I mean, one of my early coaches, Dan Sullivan, who I mentioned, a strategic coach. He's in his 80s, still behemoth of creating value in the in the market. To listen to him, you know, he's phenomenal. He's made such a huge difference in my life, and he has no intent of retiring. He just gets smarter every year, adds more value, builds more infrastructure, and he's the one that taught me the merit of free days, just taking time off, taking time away. So, yeah, that's financial independence. Is cash flow, and then financial freedom is a state of mind. It's when money is no longer the primary reason or excuse you would do or not do something. It's a consideration, but it's no longer the consideration means that you have a healthy relationship with money. Money is an asset and an ally, not an enemy. You don't come from a place of scarcity. You come from a place of abundance. You can be more present with your family and doing what you do without feeling distracted. I think wealth is our ability to be present, not necessarily how much money we have in a bank account. I think we have a good amount of money in a bank account, and we can be present. That is like true wealth.   Keith Weinhold  43:12   It harkens back to the John D Rockefeller, he who works all day has no time to make money. Rockefeller would have said, you can architect a wealth plan if your head is down on the assembly line, that means gradually move your offer. It's from trading your time for dollars over to owning assets that pay you to own them. Garrett's comedy special is called the American Ream. There's no D in that word, R, E, A, M. You can look that up, Garrett. It's been enlightening as always. Thanks so much for coming back onto the show.   Garrett Gunderson  43:43   Hey man, good to be back.   Keith Weinhold  43:51   Always. A lively conversation with Garrett, besides some great mindset perspective, he's really good at saving you tax and setting you up with asset protection. Though he's not as real estateish as me, he's pretty savvy. For example, He's aligned on the fact that, for example, say you have an 80k debt. Well, it doesn't necessarily mean that it makes sense for you to pay that off sometimes it does, but what happens to your net worth anytime you pay off an 80k debt, well, let's see. You've reduced your asset side by 80k and you've reduced your debt side by 80k so your net worth is the same, and retiring the debt means that you might have lost leverage, lost cash flow and lost tax advantages, all at the same time on Instagram, send a DM with the two words, Keith Cows to Garrett B Gunderson, and he'll hook you up with his book for free next week on the show, we go deep on does America really have a housing shortage with an expert analyst. Until then, I'm your host. Keith Weinhold, don't quit your Daydream.    Speaker 4  45:01   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively   Keith Weinhold  45:29   The preceding program was brought to you by your home for wealth. Building, get richeducation.com  

On episode 191 of Kliq This, Big Sexy is back from the UK, and let's just say he has some thoughts on the difference between a "British" workout and a "Detroit" one. If you're looking for a dry recap, look elsewhere; this episode is about the "unfiltered" Nash experience. The Highlights The UK Roundup: Nash breaks down his recent tour across the pond. Expect stories about the grueling travel schedule, the hospitality (or lack thereof), and how he manages to maintain his physique while living on the road in a different time zone. The Je'Von Evans Firestorm: Nash addresses the backlash from his "Mr. Bojangles" and "urban" comments. He doesn't just walk it back; he digs into his philosophy on "edge" in wrestling and why he thinks the young star is being "over-pushed" in a direction that lacks grit. Wrestler Safety 101: From his terrifying 1997 descent as Sting to why "Hell in a Cell" should actually stay inside the cell, Nash gives a masterclass on the "tricks of the trade" that kept him walking (mostly) after decades in the ring. Financial Rants: He channels his inner Warren Buffett to tear into "modern-day Ponzi schemes" like Bitcoin and paper silver. If it doesn't produce something tangible, Big Kev isn't buying it. The "Mount Nashmore" of Booze: Who can actually hang with the big men after the show? Nash crowns his picks for the wrestlers who could hold their liquor, featuring the likes of The Undertaker, Stone Cold, and Scott Hall. Why It's a Must-Listen This isn't just a wrestling podcast; it's cultural commentary. Whether he's dissecting Trump's Canadian tariffs or explaining why Hulk Hogan used to hide his blade in his mouth, Nash remains the most opinionated—and arguably most entertaining—veteran in the game. 00:00 Kliq This #191: UK Roundup 00:56 Urban vs Rural 03:20 Robert Duvall 12:12 MT Nashmore Duvall 17:25 The Pay for Magic Mike 22:28 UK tour 24:41 Dropping "Snakes" 26:06 The Tour 28:53 Swerve Stickland 30:20 Tim Robinson 31:48 BREAK MUD/WTR 36:59 "Be Educating me" 39:17 "Kevin, This is how you remind me of how great the podcast is!" 41:01 Sean has no IDEA what body building is 41:56 Why kev work 48:19 "huge thing of your life" 50:20 Being gifted artwork 59:07 Justin Credible 01:00:44 KTTV 01:02:47 KEV I WATCHED RAW… 01:06:19 Jevon Evans 01:11:56 "One of the Good ones" 01:15:03 Jevon Evans' presentation 01:21:54 BREAK BLUECHEW 01:23:56 EC Predictions 01:27:32 FL vs NJ 01:29:41 VKM car crash 01:33:35 01:33:35 BREAK MANDO 01:37:58 ASKNASH 01:38:26 Swerve v Kenny 01:39:43 Why didn't Steve Austin put over Scott Hall at Wrestlemania 01:41:50 Reggie White 01:43:13 Ric Flair keeping his clothes on 01:43:55 Wrestlemania tickets looking bad 01:47:43 Running to the ring during the Royal Rumble 01:48:30 OUTRO

Berkshire Hathaway's (BRK/B) first earnings without Warren Buffett at the helm resulted in a sell-off. Macrae Sykes still calls the report a great one backed by excellent commentary from new CEO Greg Abel pointing to a strong 20-plus years ahead. He explains ways the company shook up parts of its portfolio, from Apple (AAPL) to Chubb (CB) and Coca-Cola (KO). Macrae wants to see the company's "excellent" cash flow get put to bigger use. ======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

Het Midden-Oosten staat op zijn kop, nu Israël en de VS de leider van Iran hebben geliquideerd. Een conflict dat grote gevolgen heeft voor de rest van de wereld. Zo is de straat van Hormuz afgesloten, wat zorgt voor een flink hogere olieprijs. Ook de gasprijs schoot omhoog, omdat Qatar (na een Iraanse aanval) hun gasproductie heeft stilgelegd. Deze aflevering vertellen we je hoe je als belegger moet omgaan met oorlogsdreiging. Welke aandelen je even links moet laten liggen en of het terecht is dat sommige aandelen massaal worden ingeslagen. We proberen je op weg te helpen in onzekere tijden. Onzeker is ook hoe Greg Abel Warren Buffett moet doen vergeten. De nieuwe baas van Berkshire Hataway moest (voor het eerst) de kwartaalcijfers presenteren en dat was geen makkie. Ook niet omdat de resultaten nogal tegenvallen. We kijken of het Abel lukt, om beleggers te overtuigen van zijn kwaliteiten. Hoor je ook meer over Disney en Netflix. Die laatste liep weg van de overnamestrijd om Warner Bros. Discovery. Met grote gevolgen. Paramount, dat er met de buit vandoor ging, gaat zijn streamer nu combineren met die van de overnameprooi. En dat heeft enorme gevolgen voor de markt. Verder ook aandacht voor Tesla. Dat ineens meer auto's verkoopt in een aantal Europese landen. Is het herstel ingezet? Praten we je trouwens ook nog bij over ASML (dat iets nieuws gaat doen) en een grote hack bij AkzoNobel. Te gast: Corné van Zeijl, van Cardano. BNR Beurs is een journalistiek onafhankelijke productie, mede mogelijk gemaakt door Saxo. Over de makers: Jelle Maasbach is presentator van BNR Beurs en freelance financieel journalist. Zijn favoriete aandeel om over te praten is Disney, maar daar lijkt hij de enige in te zijn. Sinds de eerste uitzending van BNR Beurs is 'ie er bij. Maxim van Mil is presentator van BNR Beurs en journalist bij BNR, waar hij zich focust op de financiële markten en ontwikkelingen in de tech-wereld. Je krijgt hem het meest enthousiast als hij kan praten over ASML, of oer-Hollandse bedrijven zoals Ahold of ABN Amro. Jorik Simonides is presentator van BNR Beurs, economieredacteur en verslaggever bij BNR. Hij wordt er vooral blij van als het een keer níet over AI gaat. Milou Brand is presentator van BNR Beurs, freelance podcastmaker en columnist bij het Financieele Dagblad. Jochem Visser is presentator van BNR Beurs, maakt Beursnerd XL en de podcast Onder Curatoren. Vraag hem naar obscure zaken op financiële markten en hij vertelt je waarom het eigenlijk nóg leuker is dan je al dacht. Over de podcast: Met BNR Beurs ga je altijd voorbereid de nieuwe beursdag in. We praten je in een kleine 25 minuten bij over alle laatste ontwikkelingen op de handelsvloer. We blijven niet alleen bij de AEX of Wall Street, maar vertellen je ook waar nog meer kansen liggen. En we houden het niet bij de cijfers, maar zoeken ook iedere dag voor je naar duiding van scherpe gasten en experts. Of je nu een ervaren belegger bent of net begint met je eerste stappen op de beurs, de podcast biedt waardevolle inzichten voor je beleggingsstrategie. Door de focus op zowel de korte termijn als de lange termijn, helpt BNR Beurs luisteraars om de ruis van de markt te scheiden van de essentie. Van Musk tot Microsoft en van Ahold tot ASML. Wij vertellen je wat beleggers bezighoudt, wie de markten in beweging zet en wat dat betekent voor jouw beleggingsportefeuille.See omnystudio.com/listener for privacy information.

Jesse Itzler is a billionaire. He sold a $5B jet company to Warren Buffett. And he's the Co-Owner of the Atlanta Hawks. But at 22, he was a kiddie pool attendant earning $7/hour. He'd spend his breaks dreaming of a more exciting life. In this conversation, Jesse shares the defining moments of his story. You'll walk away with 11 lessons that'll help you build a billion dollar network, master any skill in 100 hours, check off a hard task you didn't think you could do, and much more. Enjoy! Get Jesse's 2026 planning guide here: https://clickhubspot.com/a43e2f Start building with Replit today: https://replit.com/refer/calumjohnson9 Timestamps: 00:00 Intro 02:11 The mindset that took me from $7/hour to $5B in business 08:29 My life as a kiddie pool attendant (and the lesson boredom taught me) 12:34 Watch this if you've gotten rejected recently 18:26 The moment I proved to myself I could do anything 22:11 Apply this mindset to a problem you're dealing with right now (it works!)    27:22 The reason you don't need experience (watch this if you're a beginner!) 31:30 What was your peak success moment? 37:29 The “Misogi” rule (try this today!) 44:00 SIPS acronym: 5 things that determine how happy you are 48:20 The Rule of 100 (how to get better than 95% of people at anything) 53:59 The 3-minute habit to build a billion dollar network (you can use this today!) 57:23 If you lived with me for 15 days, this is what you'd see...

O "Ulrich Responde" é uma série de vídeos onde respondo perguntas enviadas por membros do canal e seguidores, abordando temas de economia, finanças e investimentos. Oferecemos uma análise profunda, trazendo informações para quem quer entender melhor a economia e tomar decisões financeiras mais informadas.00:00 – Começando mais um Ulrich Responde00:28 – Lula em crise: Queda nas pesquisas de popularidade e o avanço de Flávio Bolsonaro12:30 – A fixação da taxa Selic não poderia ser considerada um tabelamento de preço do dinheiro no tempo?14:08 – Qual a diferença na perspectiva do investidor quando vê Palantir e Tesla, que trocam de narrativa o tempo todo?15:46 - Qual a diferença entre put e short?18:42 – Uma crise de confiança no dólar não seria uma crise de confiança em todas as moedas Fiat?19:09 – Qual é a vantagem para os Estados Unidos ou qualquer país ao forçar a desvalorização da sua moeda?21:07 – Modelagem financeira e preço justo: Como avaliar o potencial da empresa Borr?22:22 – Poderia comentar sobre a taxação de 36% aprovada na Holanda, incluindo imposto sobre lucro não realizado?23:40 – Por que não tentar avaliar uma terceira via no primeiro turno das eleições ao invés dos Bolsonaros?24:48 – Segue comprado em Argentina?24:53 – IA e desemprego: O impacto do corte de 40% da força de trabalho na Block.28:28 – Investimento em OBTC3: "Comprei duas unidades de OBTC3, já posso me considerar investidor da holding?"28:44 – A influência econômica e política da China no Brasil e a dependência estratégica.29:22 – Pode indicar um livro para aprender os fundamentos do Bitcoin? O seu livro envelheceu bem?30:11 – Tarifaço do Lula: Por que não está na mídia e qual o impacto na industrialização?31:29 – O apoio ao Bitcoin poderia dar vitória à direita brasileira, assim como aconteceu com Trump nos EUA?32:20 – Livro para entender o momento atual do Bitcoin e as polêmicas de governança do software34:58 – A maior utilização de stablecoins aumentaria a utilidade do Bitcoin?35:33 – Curiosidade: Por onde anda o seu irmão gêmeo da Coreia do Norte o Ulpoor?35:55 – Qual a janela mínima de tempo razoável para avaliar se o Bitcoin vale como reserva de valor?40:06 – Como seria o mundo se o dólar ainda fosse lastreado em ouro?40:58 – O impasse do Pentágono com a Anthropic: O uso de IA em armas autônomas e vigilância.44:20 – Como Haddad pode afirmar que o aumento do imposto de importação não causa aumento de preço?44:34 – Perspectiva para o câmbio em caso de vitória da oposição: Dólar abaixo de R$ 5,00?45:30 – Warren Buffett com 60% em caixa: Ele está prevendo uma crise próxima?48:18 – Dica sobre mercados preditivos e o canal da Paradigma Education.49:15 – Por que para a OranjeBTC recomprar ações faz mais sentido do que comprar BTC direto em certos níveis?50:32 – Em qual nível de queda do preço do Bitcoin a empresa OBTC3 começaria a se preocupar?52:38 – Internacionalizar a empresa ou encarar a reforma tributária no Brasil?53:05 – Somente um candidato tem propostas concretas. O que acha?53:46 – Existe alguma chance do Bitcoin ser um grande golpe? Como investigar a fundo.55:30 – Morar no Paraguai, Uruguai ou Argentina: Opções fiscais e mudanças de vida.56:53 – Por que ter filhos é o melhor investimento do mundo?

Learn how to build true wealth without sacrificing the life you actually want. True wealth isn't just about the numbers in your bank account. It's about designing a life so aligned with who you are that you never want to retire from it. In this episode, I sit down with two of the sharpest financial minds I know to unpack what it really means to win the money game. We go deep on the mechanics of moving from earned income to passive income, the tax strategies most entrepreneurs overlook, and why the framework most financial advisors push is actually working against you. But we don't stop at tactics. We get into the harder conversation about why so many high earners are still deeply unfulfilled, and what it actually takes to build a life rich in every sense of the word. Justin Donald is the founder of The Lifestyle Investor and the man Entrepreneur Magazine calls the "Warren Buffett of Lifestyle Investing." After just 21 months of investing, Justin generated enough passive income to walk away from his job before turning 37, and he's since grown his net worth to over nine figures while keeping his family front and center. Garett Gunderson is a New York Times bestselling author, financial disruptor, and the creator of the "Already Won" keynote. For over 25 years, Garett has helped people plug financial leaks, keep more of what they make, and completely rethink their relationship with money without scrimping, sacrificing, or delaying the life they actually want to live. KEY TAKEAWAYS: Moving from earned to passive income is the most powerful tax strategy available to entrepreneurs. Tying your entire net worth to one business is one of the riskiest financial positions you can be in. A great deal attracts capital, so you don't need your own money to get started. The wealthiest people in the world hold intentionally diversified portfolios across real estate, equities, and uncorrelated assets. Financial independence is the real goal, not retirement. Cash flow beats accumulation as a wealth building strategy every single time. Investing in yourself will outperform the stock market more reliably than any index fund. Money can rent happiness temporarily, but it cannot buy the fulfillment that comes from purpose and meaningful relationships. Growing your business is hard, but it doesn't have to be. In this podcast, we will be discussing top level strategies for both growing and expanding your business beyond seven figures. The show will feature a mix of pure content and expert interviews to present key concepts and fundamental topics in a variety of different formats. We believe that this format will enable our listeners to learn the most from the show, implement more in their businesses, and get real value out of the podcast. Enjoy the show. Please remember to rate, review and subscribe to the podcast so you don't miss any future episodes. Your support and reviews are important and help us to grow and improve the show. Follow Charles Gaudet and Predictable Profits on Social Media: Facebook: facebook.com/PredictableProfits Instagram: instagram.com/predictableprofits Twitter: twitter.com/charlesgaudet LinkedIn: linkedin.com/in/charlesgaudet Visit Charles Gaudet's Wesbites:  www.PredictableProfits.com www.predictableprofits.com/community https://start.predictableprofits.com/community  

Matt Zeigler and I had the privilege of hosting Robert Hagstrom (The Warren Buffett Way) and Chris Mayer (100 Baggers) for a special 100-Year Thinkers Edition of the Excess Returns Podcast.Two legendary investors and authors. One hour packed with timeless wisdom on long-term thinking and wealth creation. This is the conversation we've been wanting to have—and we think you'll find it as valuable as we did.Available now on Excess Returns Podcast and Talking Billions.

Dr. Matthew Preston and Dr. Thaon Simms review two investing classics that transformed how they think about money. Thaon breaks down Morgan Housel's Psychology of Money, revealing why a janitor accumulated $8 million while a Harvard executive went bankrupt. Preston dives into Warren Buffett's shareholder letters, explaining why Buffett says any company with an economist has one employee too many.You'll discover why behavior trumps intelligence in investing, how 84% of Buffett's wealth came after age 50, the dangerous trap of moving financial goalposts, and why circle of competence matters more than credentials.Chapters:00:00 Introduction to Financial Book Club00:52 The Psychology of Money by Morgan Housel02:07 Behavior vs Intelligence in Investing05:36 The Janitor vs The Harvard Grad09:03 Reasonable vs Rational Decision Making12:33 The Art of Survival and Compounding14:33 Room for Error and Margin of Safety18:28 Defining Enough and Finding Freedom20:09 Happiness and Lower Expectations24:02 The Essays of Warren Buffett26:09 Margin of Safety in Practice27:57 Circle of Competence Explained29:19 Medical Stocks and Unfair Advantages32:42 Mr Market Analogy35:38 Ignoring Macro Predictions37:38 Why Economists Can't Forecast41:51 Management Alignment with Shareholders42:38 Book Recommendations Request

In this episode, Scott Becker reviews how Warren Buffett's Berkshire is trimming stakes in Apple and Bank of America, with American Express emerging as a potential top holding as the firm rebalances away from former growth giants.

Listen to a recap of the top stories of the day from 9to5Mac. 9to5Mac Daily is available on iTunes and Apple's Podcasts app, Stitcher, TuneIn, Google Play, or through our dedicated RSS feed for Overcast and other podcast players. Sponsored by BenQ: Check out BenQ's smarter displays made for how Mac users actually work and sign up for the giveaway here. New episodes of 9to5Mac Daily are recorded every weekday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee new episodes are delivered as soon as they're available. Stories discussed in this episode: Berkshire Hathaway reduces Apple stake as Warren Buffett officially retires Apple's low-cost MacBook might lack these features Apple acquires startup specializing in AI-powered light and optics Listen & Subscribe: Apple Podcasts Overcast RSS Spotify TuneIn Google Podcasts Subscribe to support Chance directly with 9to5Mac Daily Plus and unlock: Ad-free versions of every episode Bonus content Catch up on 9to5Mac Daily episodes! Don't miss out on our other daily podcasts: Quick Charge 9to5Toys Daily Share your thoughts! Drop us a line at happyhour@9to5mac.com. You can also rate us in Apple Podcasts or recommend us in Overcast to help more people discover the show.

Keith digs into what's really going on with apartments now that values in many markets have dropped 20–40%. You'll hear why larger multifamily properties have been hit so much harder than one-to-four unit rentals, and what that means for both current owners and new buyers. "The Apartment King," Brad Sumrok, joins the conversation to share how recent economic shifts, financing structures, and market forces have reshaped the apartment landscape—and why he believes we may be near a key turning point in the cycle. You'll also learn how investors are approaching deals differently today, what makes certain markets and property types more attractive right now.  Resources: Learn more about Brad here. Episode Page: GetRichEducation.com/594 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  For predictable 10-12% quarterly returns, visit FreedomFamilyInvestments.com/GRE or text  1-937-795-8989 to speak with a freedom coach Will you please leave a review for the show? I'd be grateful. Search "how to leave an Apple Podcasts review"  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— GREletter.com  Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   welcome to GRE. I'm your host. Keith Weinhold us. Apartment Building values have fallen 2030, even, 40% over the past few years. Investors lost millions. What are all the reasons that it happened? And when will apartments turn around? I'm joined by the apartment king today on get rich education.   Corey Coates  0:26   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold, writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Keith Weinhold  1:09   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your prequel and even chat with President chailey Ridge personally while it's on your mind, start at Ridge lending group.com that's Ridge lending group.com you   Corey Coates  1:40   you're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:59   Welcome to GRE from Monterrey, California to Monterrey, Mexico and across 188 nations worldwide. America's favorite shaved mammal on a microphone has got his slack. John, act back on track for another wealth building week with you. I'm Keith Weinhold. This is get rich education, and I'm still not wearing a pair of Dockers. We all know that the one to four unit space single family homes, up to four plexes have held under their values despite soured affordability, but five plus unit apartment buildings are a drastically different story. We're going to talk about just how much value they've lost recently, and the reasons why it's about more than just the interest rates doubling and tripling that began in 2022 Today's guest is an apartment educator. His students have had both losses and wins over time. I'll ask about both, because adversity is where you get the lessons now today, you might buy an apartment building at a steep discount compared to what it sold for five years ago. And who might you buy an apartment from today, it might not be the type of seller that you're thinking about because of owners defaulting you might now be buying it from a bank that had to basically repossess it. Yeah, you might try to buy it from a lender at 60% of the loan amount. Well, a lender doesn't want to do a 40% write down, so they're going to try to get more and see. That's how this could practically look today for an apartment owner that survived the crisis and is still standing today. They're asking themselves, now, why would I sell at a discount if I don't have to? So they're probably going to try to hold on. And then, of course, the tenants in these apartments don't know that any of this is going on now. I own a lot of single family rental homes myself, also apartment buildings in the one to one and a half million dollar range is where I've played, and often that ends up being eight to 12 units, because in that space, I don't need partners to invest in assets of that size. One to $2 million is also small enough so that you're not competing with institutional money and other players. Today, I'll tell you what I did with some of those buildings myself when interest rates reset about four years ago, and before you and I wrap up the show today, I've got something to tell you about what's coming in future. GRE episodes here stuff that's really unexpected as the apartment King waits in the wings. One last thing to tell you about, like I mentioned to you recently, investors say that they want an opportunity, but what they really want is certainty. Once certainty arrives, the opportunity. Is gone.    Keith Weinhold  5:01   Our GRE live event last Thursday was a success. It is about how central Florida is the most compelling housing market right now, with the builder offering rate buy downs as low as 3.75% and, you know, I just ran the numbers on something, and I can hardly believe this. All right, right. Now owner occupied mortgage rates are near 6% this means investment property rates are almost 7% with the rate by down to 4% here's how your cash flow looks with a 30 year fixed rate mortgage on a 300k loan with a 7% rate, your p and i payment is 1996 at a 4% rate. It's just 1432, this is a reduction of $564 per month, a whopping payment difference. That's really the difference between treading water and stacking cash flow on these brand new build properties that we're talking about here in Central Florida. So talking about opportunity and certainty, that is a big measure of both. Yeah, before I ran the numbers, I didn't realize that the spread was this wide. With high demand for these properties, the builder does have some more available, a long term fixed rate of around 4% it should be up for you now you can see the limited time replay of GRE, freshest live event at grewebinars.com, in case you want to look into This again, grewebinars.com let's discuss the apartment market. Foreign apartment building values have fallen at 20% 30% even 40% over the past few years, depending on the market that they're in today, we're going to learn how bad it is, why it happened, and if that actually creates an opportunity here in the late 2020s, decade, our guest is known as the apartment king. He is the number one nationally known educator and mentor for apartment investing. He started with a bang in 2002 by making his first ever real estate investment, not a four Plex like I did, but a 32 unit apartment building, and he's now owned and invested in over 11,000 units and over 1 billion in assets under management. He's received awards like the naa independent owner of the year, and he's the star of the massively popular in person events that he puts on, which you'll learn about soon. Hey, it's been several years. Welcome back to the show. Brad sumrock,   Brad Sumrok  7:46   hey, Keith. It's really good to be on again. Nice to be here.   Keith Weinhold  7:50   Brad and I were together in person last month, and we also talked physical fitness. Then Brad is one of the fittest guys you'll ever meet in person. He just looks fantastic. We want to hear about your apartment forecast shortly. Brad, let's talk about the hard stuff. First, you've endured adversity since we last had you here several years ago. Tell us about that.   Brad Sumrok  8:14    Well, look, I mean, I think anyone that's been serious about investing in apartments over the last five years. And I'll also say it this way, anyone who did a deal and say 21 the middle of 21 till probably the end of 2022 it's very likely that that property is worth less today than than it was when we bought it. So that, in itself, has created, you know, adversity, because I got into the business in 2002 and the market went up until 2008 and we went through a downturn in 2008 nine and 10, as is, I'm sure you're aware. And then the market went up again until around 2021, mid year. And then, due to so many reasons, and I could go into those reasons, but let me just just cut to the chase. That you alluded to is we had another downturn, and so the downturn, you know, impacts property values, it impacts confidence, it impacts investor appetite to do deals. It impacts just about everything related to the business, on the investment side, and the other business that I'm in, which is the seminars, the events and the mentoring. So it's been a big downturn, and we could go into those, you know, into the reasons why, and I'm sure you'd like to know my take on that. But now is a great time, because things are recovering, and one of the things Tony Robbins teaches Keith is pattern recognition. It's like I've been through two downturns, and I could see the patterns, and it occurs to me that we're at or near the bottom of a cycle. So like it's also a good time to be gearing up.   Keith Weinhold  9:50   Now, many realize but for those uninitiated on this, the one to four unit space really didn't feel much pain starting in 2022 so much of that is time. Two people get long term fixed interest rate debt on the one to four unit property, but it's shorter term debt on five plus unit apartment buildings. So when interest rates went up, people soon had to pay those higher rates. They were underwater. That's really the genesis of so much of the apartment building pain.   Brad Sumrok  10:19   Well, and I would say, look, it was, I'm going to throw a bunch of things at you here. So we had the pandemic, right? And during the pandemic, people got paid to stay home from work, right? The government printed, what, $5 trillion worth of money, right? And so that kicked off what became a period of, like, very high inflation. And you know, the published number was 9% but I think a lot of people experience certain items that were a lot more than 9% like, for example, for sure, in 2022 when we bought a 286 unit property, you know, we were able to replace all the appliances inside of a unit in The kitchen, you know, for $1,800 and even today it's like $3,200 so that's a little bit more than 9% and so we had that. So we had the printing of money, we had inflation, we had variable rate debt. Why did people do variable rate debt? The first thing I'll say is there is a place for variable rate debt. But what happened in 2021 and 2022 is the fixed rate lenders, which are typically the government sponsored agencies Fannie and Freddie. They were still lending money, but because of their criteria for lending, if you would go with one of those loans, you would get like 50% leverage the shorter term lenders that would give you the three year loans, you can still get like 75 to 80% leverage. So the vast amount of people that were buying anything in 2021 and 2022 I mean, I'm not just talking about myself. I'm talking about people with 2030, 4050, 70,000 doors all over the country, they were buying with short term debt. And historically, short term debt performs at or better than long term debt. I mean, think about it, when you get a long term, 10 year fixed rate loan and multifamily you have prepayment penalties. You know, when the market's constantly going up like it did, from 2012 to 2022 you could get that fixed term loan. You could pay it off early, you could pay the seven figure prepayment penalty, and you could still make lots and lots of money, and that's what people were doing. So when you bake in the prepayment penalties on long term debt, you know short term debt is oftentimes the better option. Well, nobody saw the Fed raising rate 16 times in 12 months. And look, I don't care what anybody says, Nobody predicted it. If they had predicted it, they would be probably the richest person in the world right now, right nobody saw a comment like, there may have been some people that said, hey, yeah, this is going to happen, or this is going to happen. But what actually happened with the Fed rates over a very short period of time was unprecedented. Unprecedented means it never happened before. So it's not something you could anticipate or something anyone can model. Okay? And so what that did is most of us had what's called an interest rate cap, which is an insurance policy that if the rates go up too much, that yours is capped. But the problem with those rate caps is they're only good for like, two years, right? So we're buying these deals in 2021 and we're getting short term debt, which is a three year debt. And in two years, in 2023 the rate cap expires, and now the rates are 9% instead of 3% and when we bought the deal, the rate cap insurance was $40,000 and now it's a million dollars. And so you're in a very awkward, unfriendly financial situation. And it wasn't just that. So it wasn't just inflation, it wasn't just interest rates. And many of us sung belt markets, specifically Texas and Florida, which historically have been some of the best markets to invest in, because of migration and no taxes, and then landlord and business friendly environments. Well, these states also suffered a lot of named storms, with, you know, hurricanes and wind storms and hail storms and so in these markets, at the same time, we had rising rates. At the same time, we had massive inflation. Now we also have insurance rates doubling or even tripling in some occasions. And then the final thing was, during the pandemic, a lot of the multifamily projects that were in the middle of being built, these development projects, they all slowed down. People couldn't work. And so back in 2020, or after we're fully recovered from the pandemic, some of these markets, like Nashville and Austin and Dallas and Houston and Phoenix, they got deluged Keith with new supply coming on, like a disproportionate amount of new supply. So there's like five. Five things that contributed to multifamily being really tough in the last few years. And so it wasn't just people with short term debt that had challenges. It was probably just about anybody that bought a deal within an 18 month timeframe that I outlined before that just really experienced challenges, and some of those people are still in deals, right? And so let's just take a deal that's, you know, a $10 million deal with a $7 million loan. Well, that deal right now might be only worth 7 million, yeah, and that's the opportunity. So the owner that has that deal may get punched in the face, so to speak, you know, by the market, and they may lose their equity in that deal, but the borrower coming in, or the buyer coming in, like one of my mentees right now, had a deal that was listed at 11 million, and he's picking it up for seven, which is, like, at or below the current loan value. So one buyer group's loss is the new buyer group's opportunity, if that makes sense   Keith Weinhold  16:03    right? 100% there's nothing unusual at all about the mortgage rate levels that began to go higher about four years ago. The unusual part, and Brad has touched on it, is the rate of increase, with mortgage rates doubling or tripling in a short period of time, within about a year or so, but yeah, it's a great point. It's about more than the mortgage rates. It's about increasing insurance costs and increasing expenses of all types, like you talked about with the appliances there, and then, even if you were able to weather all that as an apartment building owner, with all of the supply coming on to the market, when supply exceeds demand, we know what happens to price, and we also know that you can't raise rents very much with all of this supply coming on the market, but the supply of new apartment buildings, that inflow, that wave, is beginning to die down, because builders got the memo quite a while ago that they need to stop building at such a fast pace in places like Florida and Texas and you know, Brad, there are a lot of asset classes that have been beaten up lately. We can always point to a few. You can look at Bitcoin or nfts or even commercial office space. Now those assets might bounce back, but they don't have to, because no human needs those things. But I expect apartments to bounce back because having a place to live is a primordial Maslow and human need. It's almost inevitable. In fact, shelter is at the base of Maslow's hierarchy of needs. So a bounce back has almost got to happen. Yeah.   Brad Sumrok  17:46   Look, it's becoming the big word right now in politics. Right is affordability. And so when you look at affordability, if you take a median priced home in this country of say, $400,000 I don't know if that's the actual median, but maybe it's around 400 420,000 100, $420,000 yes, to buy that home. And who's going to buy a $420,000 home? It's going to be a working class family making 60 to 70,000 a year, right? They could rent a median priced apartment unit for $1,800 a month, or they could pay a 20% or a 10% down payment on a $400,000 homes, and they need 40 to 80,000 down right, or maybe less, but they still need a down payment and that p i, t i, the principal, interest, tax and insurance is going to be around $3,100 okay, so there's a $1,300 per month gap, and that's a big, big gap for that working class family. And so where are they going to live? Like we're becoming more and more of a renter nation? Keith, and the statistics that I read say that only 27% of American families can even qualify to get a mortgage, yeah, on a $400,000 home. So we're becoming more and more and more of a nation of renters by necessity. And so the demographics like look, all markets are not equal. You got to know what's going on in your market. But there are markets, ie locations, geographies that have even a higher affordability gap. You know, some markets have a 2000 a month or a $2,500 a month affordability gap. So you're going to find more and more people renting in these markets.   Keith Weinhold  19:37   Yes, there is a premium to ownership opening up that gap, and that's why we have this wave of renters that's really already begun. In about the last year, the American homeownership rate has fallen from 66% to 65% 1% doesn't sound like much, but that already means that we have 1.3 million new renters. We're going to talk to Brad some more, including about. His apartment market forecast you're listening to get rich education. Our guest is apartment King. Brad sumrock, more when we come back, I'm your host. Keith Weinhold,    Keith Weinhold  20:09   flock homes helps you retire from real estate and landlording, whether it's one problem property or your whole portfolio through a 721 exchange, deferring your capital gains tax and depreciation recapture. It's a strategy long used by the ultra wealthy. Now Mom and Pop landlords can 721, the residential real estate request your initial valuation, see if your properties qualify@flockhomes.com slash GRE. That's f, l, O, C, K, homes.com/gre,   Keith Weinhold  20:45   you know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why? Fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products. They've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom family investments.com/gre, or send a text. Now it's 1-937-795-8989, yep. Text their freedom. Coach, directly. Again. 1-937-795-8989,   Hal Elrod  21:58   this is Hal Elrod, author of The Miracle Morning, and listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  22:13   Welcome back to get rich Education. I'm your host, Keith Weinhold. We're talking about a sector we have not talked about very much lately because it's been in rather moribund condition, but we are beginning to turn the corner where there are more opportunities in apartment building investing, because it's been beaten down an awful lot. And Brad, that plays right in to your apartment forecast. So tell us about some of the highlights of your apartment forecast.   Brad Sumrok  22:38   Yeah, sure. And one of the things that I want to share with you, Keith, is that, you know, back in the peak of the market, the market peaked, say, at the end of 21 early 22 there were so many investors that were in multifamily or that wanted to be in multifamily. And the other thing that caused this so called, you know, downturn that I didn't mention before is, let's take this $10 million deal. If a property was listed at $10 million you'd literally have 30 to 40 buyer groups pursuing that deal, bidding up the price. Yeah. And so a $10 million Listing would sell for 11 and a half million Okay, now what I'm seeing is that same $10 million deal might sell for a seven to 8 million and you might be the only buyer going after the deal. Wow. And how do I know? Because you said, like, I run a an investor community and and I have active multifamily buyers, and I coach them, and I look at their deals, and this is what's happening. And the other reason I know is I sold two of my deals personally in 2025 and both of the deals that I sold, I bought in 2015 where we had 10 year fixed rate debt. So we didn't sell because we had a three year loan. We needed to sell because we had a 10 year loan due. And look, first thing I'll say is I made money, because over that 10 year period, values did go up. They peaked in 2022 and they came back down that because I bought it so long ago. That's the one lesson that I think people also want to understand, is over the long term, the values always tend to go up, but there are short term ups and downs that one would need to be aware of. But when I sold these two deals like I didn't have many buyers one deal in particular. I mean, I had eight buyers going after the deal, but only one was anywhere close to what I wanted. So I was negotiating with myself, you know, telling the buyer and his broker, hey, you know the other guys are here, and you got to come up on price and you got to come up on terms. But truthfully, I was bluffing, because I didn't have anybody that was coming up on price or coming up on terms. And so part of why I'm answering this way is when you look at the forecast, one thing that that I want people to know is that those. Of us that are in the business now and that have our pencils up, and we're underwriting deals, and we're making offers, like I used to teach Keith, don't make lowball offers, because you'll develop a reputation of being that guy or that borrower or that buyer that submits lowball offers, right? And word will get around in that market? Well, right now, like low ball offers are expected, and I would encourage people, let's just say you make an offer that whatever the deal pencils out to. So if you know how to underwrite deals correctly, and they're offering 10 million as a listing price, and you're coming up at seven or 7.5 don't be bashful to make the offer, and you may be the only buyer in the game. So that's one thing is like the competition that I'm seeing right now on the buyer side is not a lot of competition, and that's definitely shifted to a buyer's market. So people need to know that. The other thing I would say, on the macro level, is there's still a lot of uncertainty out there, and the uncertainty is kind of becoming like what I would call a new normal. You know? I'll speak for myself. When Trump was elected and at the end of 2024 I thought it was going to be amazingly well for all of us real estate investors, right? And there are some things that have been like the big, beautiful bill that restores 100% bonus depreciation like this is a really good thing, but you know, the tariffs, the immigration policies, some of the things that he's doing, you know, they have mixed impact for us and our in the economy and in real estate and in multifamily. And the thing is, when he first started doing that again, like lenders, they didn't know how to price debt, like, what's going to happen with tariffs, what's going to happen with ice what's going to happen with immigration, you know? But now that we're a year in to his second term, I can tell you a couple things. Debt is back. Lenders are lending. They're confident. Lenders are issuing debt like you can get 70 to 75% of your acquisition funded by a commercial lender. The government agencies are lending. Freddie Mac is lending. Fannie Mae is lending, and they have a mandate to lend 20% more money in 2026 than they did in 2025 so that bodes well for people that want to get, you know, affordable workforce housing, which is my specialty, also known as Class B and Class C housing. So the lenders are lending like, there's a lot of debt out there. One of the challenges is the equity. There's a lot of institutional equity. But if you're going to the retail investor who got into the business three to five years ago. They don't want to hear about your next deal right now, they're wondering about, hey, what about the deals that I'm in? Right? So one of the things that I'm doing, Keith is, and I think, you know, this is like, you know, I build up a huge investor community from 2012 to 2022 and I did it by traveling the country, speaking at conferences, sponsoring trade shows, talking about the benefits of investing in apartment buildings, how it changed my life, how it enabled me to retire from a six figure income in just three years, and how I've helped many, many other people Do the same, and also just sharing experience today, every asset class, every 10 to 15 years is going to go through a correction. And so where we're at now. And I wasn't the only one on the forecast. I brought in John Chang who is the senior intelligence officer at Marcus and millichep, one of the biggest commercial real estate firms in the country, and he presented about 20 or 30 slides that by and large were very bullish on where we're at in the market cycle. Why now is a great time to be looking at apartment buildings, a lot of the same things that I've been talking about. Prices are down. It's a buyer's market. We have a huge affordability issue. More and more people are becoming renters, and so what I'm committed to do, Keith and I don't know if I shared with you my travel schedule, like when we met each other last month, but I'm on the road every single week going to another city, talking about where I see us right now in the market, and why people should be looking at deals and making offers right now. Because to me, you know, Warren Buffett said it best. He's like, you want to be fearful when everybody else is being greedy, and you want to be greedy when everybody's being fearful. And right now, people are on the sidelines. They're waiting for some green light, like for the Wall Street Journal to come out and say, Hey, now's a good time, you know? I mean, look, Trump, just the point of the new Fed chair, right? And so we know interest rates are going to go down like that's one of his goals, and the guy that he appointed is going to lower rates. So we're looking at a future, a very near future, where we have lower rates, and lower rates is going to create more demand, again, for people that want to buy. I invest in apartments now, look, if you wait another year, I still think it's going to be a good time, but I think we have a better time right now.   Keith Weinhold  30:10   I sold one apartment building in 2022 for about $1 million and I sold another one of my apartment buildings in 2023 for about $1 million I had bought those in 2013 with 10 year balloon loans, so I was enjoying that nice fixed rate as late and as long as I could, until 2022, nine years and 2023, 10 years before the rate went up on me. But of course, my new buyer had to pay that rate, so it limited the amount that they could offer for it. However, to your point about investing for a long time horizon, I still had profits on those nine and 10 year holds, but yeah, to your point, Brad about the looser lending, this is huge. I read a summary of the latest national Multifamily Housing Council meeting, and one of the biggest takeaways that came out of that meeting is that there is abundant debt available. It's in increasingly attractive terms. And a lot of people think about mortgages, and they just think about the rates, and you should that's certainly important, but they don't think as much about the propensity for others to lend. How loose, or how tight are those standards? They're loose, yeah.   Brad Sumrok  31:25   And, I mean, look, the first deal I did in 2002 the interest rate was 6.35% the rates right now are less than that, you know, as of the date of this recording. So, you know, I always talk about a base case of a $10 million deal. It may seem large to you or to people listening, but like in my world of syndication, where we're not just looking at the real estate piece, but learning how to raise money to buy real estate so we could have a bigger property that's professionally managed and become a true business owner like Robert Kiyosaki talks about, do you want to be self employed? I tell my students, buy a six Plex. Do you want to own an apartment business by 60 units and hire a management company? So when I'm talking about this $10 million deal, you know, you can get a $7 million loan right now for probably in the mid 5% and it would be non recourse, and you could probably get three years of interest only, meaning for the first three years, you're going to have a higher cash flow. So like, this is a really good loan compared to 2021 when we could get 3% debt. It's not but remember that 3% loan was a short term loan. You know, it wasn't a 10 year fixed rate loan, it was a short term loan, and we all saw what happened with that when they raised rates so many times in such a short period. So the fixed rate debt is very competitive based on, like, the long term, 20 year average, and it's lower than it was when I started.   Keith Weinhold  32:55   Well, we've been talking about elements of your apartment market forecast, and of course, that's going to inform your Buy Box. Brad, you mentor students constantly and oftentimes we think about a Buy Box. We think about then in terms of geographic market, but as we look for an opportunity, we also might think about some other things in your Buy Box, for example, new build versus vintage build. So with all of this traveling you do, and you're in the markets, and you're informing students, and you're looking at students prospective deals as well. But tell us more about what a good buy box is for the near term in apartment buildings.   Brad Sumrok  33:36   Yeah. So look like what is in the buy box, right? So one is going to be your location. And so, you know, how do I select a good location? Just some tips and strategies around that is, I look for landlord and business friendly environments. In other words, if the tenant doesn't pay, do they get to stay or not, you know, so I like to be in market so that they don't pay, that we could legally, you know, not have them consume our product for a long period of time. So I also look at things like job growth and population growth, affordability gap. New supply is a percentage of inventory, you know, the new supply coming online in a diversified economy. So, like, you want to get your geographies nailed down. Like, where you buy matters, like, there's no substitute to I would rather pay more for a property in a location that meets that criteria than less for a property that doesn't. Yeah. So geography is important. You want to pick your property size, like, how many units, or what's the price point. Okay? And this is huge, because if you're gonna buy your own deal with your own money, which is another reason I prefer syndication. Let's say you have pick a number, 100,000 to invest. Like you can only buy a $300,000 property, two units somewhere, three units somewhere, you know. Or zero units somewhere, right, right? So if you have expanded your you know, your mind and your skill set to do a syndication 100,000 doesn't limit you to your own money, you know. And then I would say, Well, what is a great size for a first time syndicator is I would target somewhere around 60 to 80 units, and at 100,000 a unit, which is a ballpark price for maybe a nice B class property or high C Class property, and a market that meets the criteria that I outlined earlier. You know, you're looking at, say, a six to $8 million property. And so what you could do from there, Keith is, you could say, Okay, well, you know, this is why, like in my educational course, I use a $10 million property, because the numbers are easy. But even just say, Well, I'm going to do an $8 million property, you'd say, Okay, I need two to 3 million down, depending on the debt, right? And then I'm going to get a the balance in a loan, you know, because you could get a 70 to 75% loan. So then you ask, Well, where am I going to get to 2 million, right? If I have 100 I need $1.9 million and so then you got to start thinking about like, do I have access to people or work or in the neighborhood or at the community or at the church, you know, or do I go to masterminds and conferences and meetup groups like, where I saw you Keith last month, like, there's a lot of investors there with a lot of money, right? And some of them are looking to be passive investors. And so, you know, there's a whole nother conversation around, you know, raising capital. And if you can't raise capital, then you may want to bring in some people on your GP team that could help you raise capital, as long as you're following, like the SEC compliance and again, that's another discussion. That's the importance of having the buy box so you have your geography, your property size, your property class. You know, again, if you just want the new construction stuff. There's some people out there, like big name, famous people, that are highlighting their 800 unit a class deals that they're buying. And of course, like you or I that are just getting started, can't go buy that deal. And so why? You know the institutions are going after the large A class properties in the best areas. And so where I've made my niche Keith, and what I would recommend most people start is start with the older vintage properties, start with the 1970s properties, and then maybe work your way up to the 1980s and 1990s properties. And why is this is because the institutions don't want those properties, and they're still able to be professionally managed. Like, if you go and buy 100 unit C Class property, as long as it's not in a bad neighborhood with, like, high crime or whatever like that. Like, these are very honest, hard working, working class people that need a clean, safe and functional place to live, and you'll be able to get better returns on a C or A B class, also known as like the cap rate. And again, that's another discussion, but you'll be able to get a better return on an older vintage property than you would on a vintage property. And you're not competing with the institutions, but you're also not competing with the mom and pops, because the mom and pops are going to take that 100,000 they have and go buy a duplex. You know, they're not going to want to syndicate a deal. They're not going to want to have partners. They're not going to want to deal with the so called complexities of buying a company. And that's what buying an apartment community is, Keith, it's buying a company. You're buying a business that has an income stream already being generated those customers, they're called residents. They're called tenants, you know, but if you just go upstream from buying real estate or buying an apartment building, we're buying a cash flow producing business that's existing, that's in place, and then our job is to figure out how to run it better and more efficiently. You the   Keith Weinhold  39:04   You the listener, you might have access to, say, 500k in equity that's sitting in your existing properties. And some of these numbers that Brad and I are throwing around are rather large, $10 billion but one of the biggest epiphanies that I think your students have is that doesn't need to be much of your own money. We're talking about what's called the capital stack to take down a $10 million apartment building. Maybe you borrow seven and a half million of that. Maybe you raise 2 million of that from your other investors in the syndication, and then you put your 500k into the deal, and there you have $10 million in order to make that purchase. But yes, that does involve a learning curve and the SEC rules and all that. But the big takeaway here is you don't need much of your own money. You can leverage other people's money, even for the down payment. And Brad, you're also an expert at showing people how to pay almost. Zero tax, which is another discussion unto itself, but some of your students start with zero experience, and within a few short years, I mean, you've had hundreds of people that have either retired early or increased their net worth by over a million dollars. A lot of success stories,   Brad Sumrok  40:17   yeah, look, I mean, I started with no previous real estate investing experience. My experience was going to college, studying hard, getting decent grades, becoming an engineer, you know, being fired once, being laid off once, and reading Robert Kiyosaki books that motivated me to to go out and seek specialized education. And I think it was Jim Rohn that said formal education, like degree could get you a job, and specialized education like you can get in a conference or a mastermind or a mentorship program. And that's also how I started. I went to a weekend workshop back in 2001 and I bought the mentorship program. And boy, I'm glad I did, because, you know, that's how I got into my first 62 units. So you don't need to have experience. What you need to have is a powerful reason, a powerful why? Why do I want to be financially free? Like apartments is just a vehicle. I didn't choose apartments because I love departments. I choose departments because they cash flow, they go up in value, and you have amazing depreciation benefits.   Keith Weinhold  41:23   Yeah, I'm the same. I don't love apartments in a way. I don't love real estate. I love what these things do for me    Brad Sumrok  41:30   exactly. Yeah? So, like, you don't have to have experience. In the other category, of people that have come into my community that don't have apartment experience, a lot of them have real estate experience, Keith, that are doing, like, single family homes, short term rentals, or maybe smaller, multi unit deals. And they listen to a show like this, and they're like, huh, I want to transition from doing these smaller types of assets with my own money and self managing to scaling into a syndication.   Keith Weinhold  42:03   Brad has taken countless people from get rich education to got rich education. His core values are faith, finance, fitness, family and fulfillment. He is committed to helping people experience not just financial success, but personal fulfillment, purpose, contribution, freedom and Brad and his investor community have contributed over $1 million to charity. Is really the person you want to learn from if you want to think about going bigger with multifamily apartment buildings. This has been great, Brad. Let our audience know how they can connect with you and learn more?   Brad Sumrok  42:42   Yeah, sure. So I would say this is where I should just be very clear here, okay, but I'm gonna give a couple options, because that's what I'm so of course, there's a website which is my first and last name.com, B, R, A, D, S, U, M, R, O, k, for those of you on social media, I respond to my own social so you'll find me again. B, R, A, D, S, U, M, R, O, K, on LinkedIn, Instagram and Facebook.   Keith Weinhold  43:13   Brad, it's been so valuable. It seems like American apartment buildings are in for redemption story here. It's been great having you back on the show.   Keith Weinhold  43:29   Brad and I both emphasize physical fitness, and we chatted about that a good bit when we were together last month. I think he looks better than me. To summarize, the reasons for this historic collapse in apartment building values. It was the combination of soaring interest rates, massive inflation, spiking insurance costs, construction soared, and it created an oversupply, and that oversupply still is not absorbed. In fact, according to the outlet apartment list, the National multifamily vacancy rate recently hit 7.2% that's the highest in the history of the index, which dates back to 2017 and that's chiefly due to apartment oversupply. Have apartments really hit the bottom? Brad just said, we're at or near the bottom, and it's a good time to be gearing up as far as what's coming. To give you an idea of new apartment supply, what takes about two years from construction start to completion. And now you can't just have all US apartment construction come to a complete stop. You have to keep people working. And there are almost 400 MSAs in the United States, so you couldn't coordinate a complete ceasing of construction across every area. So how about the level of new construction starts in apartment units today, and the way that HUD counts it is the number of units started in buildings of five plus units the recent peak. Was about 600,000 annually in 2023 and today it's closer to 400,000 there it is that slowing pace of new apartment construction. If you jump into multifam, be careful of properties with deferred maintenance, because understand that you have a lot of underfunded owners Now Brad can tell you specifically what to look out for his rat race to retirement event is March 28 and 29th in Dallas. It's a two day hands on workshop. You'll learn how to find apartment deals, how to underwrite deals, how to raise capital management and your exit. Discover how you can retire in five years or less by owning apartments again. His website is Brad sumrock.com    Keith Weinhold  45:49   coming up on future episodes here on the get rich education podcast. We're about to go on a run. The next stretch of GRE is loaded. We've got fresh topics with some game changing monolog content that I'm going to share with you new guests, distinguished experts, we're going to break down an innovative way to sell properties that could completely change how you think about your exit strategy of the 50 US states. I'm going to discuss some awful states to invest in, including ones with population loss. On another episode, a distinguished subject matter expert and I are going to dive deep on does America really have a housing shortage, not in apartments which are oversupplied, but is there a shortage in the one to four unit space? That's our topic, because you probably heard contradictory information in the media about whether there's a shortage or not, and then some outlets say there's a housing shortage of 2 million units. Others, 10 million. They're all over the place. We're going to sort it out on an upcoming episode. Does America really have a housing shortage? Then the youngest guest to ever appear on the show will be with us. He's a 19 year old college student that has a real estate investing related major, and since last year, he and I have befriended each other. He was born in about 2006 so it'll be interesting to see how he views the investing world and what they teach him about real estate investing in college today, he is probably the most impressive teenager that I've ever met in my life. Then six weeks from now, we will have an epic get rich education podcast episode 600 on a subject as paradoxical and complete with a GRE contrarianism That builds real wealth, debt is the American dream will be episode 600 if you're serious about building wealth, be sure to follow or subscribe to the show. We are going on a run. If you know someone in your life who needs to think differently. If you know one investor who's still waiting for perfect conditions. This will help them tap the Share button and tell them about the show until next week. I'm your host. Keith Weinhold, don't quit your daydream.   Unknown Speaker  48:14   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.   Keith Weinhold  48:42   The preceding program was brought to you by your home for wealth, building, get richeducation.com  

With the Supreme Court striking down the Trump Administration's reciprocal tariffs, and the announcement of new 15% tariffs by The White House, the economic forecast has become another blizzard of uncertainty. Kyla Scanlon, author of “In This Economy?”, helps us decode the sour vibes in this current economy, and the challenges facing investors. Plus, Berkshire Hathaway shareholders are bracing for an earnings report and shareholder letter that won't be delivered by Warren Buffett for the first time in sixty years. No pressure. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The concept of the "20-mile march," a principle that prioritizes relentless consistency over the common trap of erratic intensity, comes under McKay's scrutiny this week. He demonstrates how this disciplined approach allows individuals and organizations to outperform their peers by focusing on steady progress regardless of external conditions.Drawing on historic Antarctic expeditions and Jim Collins's research, McKay highlights how a fixed daily quota provides the durability needed to survive the "long middle" where most people quit. He examines the creative habits of Jerry Seinfeld and John Grisham, illustrating how a commitment to "not breaking the chain" transforms volume into the appearance of inevitable talent. By analyzing the restraint of Warren Buffett and Southwest Airlines, he explains why setting an upper bound on growth is just as vital as meeting a minimum target. Ultimately, the 20-mile march reduces emotional load and builds a quiet form of confidence by turning discipline into a core identity.Main Themes:Consistency as the primary driver of 10x successThe "Don't Break the Chain" philosophy for professional masterySurviving the "long middle" through predictable rhythmsWhy restraint and upper bounds ensure long-term durabilityTurning discipline from a chore into a core identityReducing emotional load through the 20-mile marchThe Grisham Method: The power of a single daily pageWhy getting back down is more important than reaching the summitConsistency over intensity in volatile marketsBuilding trust in oneself through reliable actionTop 10 Quotes:"The disciplined team survived; the reactive team did not.""Moving to action despite circumstances makes all the difference.""What looks like talent from the outside often turns out to be volume filtered through discipline.""The 'don't break the chain' approach did not make Seinfeld funny; it made him inevitable.""The march carried him through the long middle, the place where most people quit.""Restraint matters as much as effort.""You stop seeing discipline as effort and start seeing it as who you are.""Getting to the top is optional; getting down is mandatory.""The 20-mile march is not about ambition; it is about durability."Show Links:Open Your Eyes with McKay Christensen

Subscribe to Greg Fitzsimmons: https://bit.ly/subGregFitz Greg and Mike dive into Olympic controversy, debating whether silver medals feel like wins or losses while unpacking media reactions and athlete mindset. The conversation veers into Warren Buffett, AI scandals, royal family drama, Taliban laws, and the absurdity of modern headlines. They tackle ethical hypotheticals involving DUI checkpoints and lying for your child, plus revisit classic films while paying tribute to Robert Duvall and Jesse Jackson. As always, it wraps with listener corrections, the comedy caption contest, and a perfectly timed Onion headline. Sponsor Callouts Quo – The smarter way to run your business communications. Try it free and get 20% off your first six months at: https://quo.com/papers Fabric by Gerber Life – Fast, affordable term life insurance made for busy parents. Apply in minutes at: https://meetfabric.com/papers This show is produced by Gotham Production Studios and part of the Gotham Network. https://www.gothamproductionstudios.com/studios/ Follow Greg Fitzsimmons: Facebook: https://facebook.com/FitzdogRadio Instagram: https://instagram.com/gregfitzsimmons Twitter: https://twitter.com/gregfitzshow Official Website: http://gregfitzsimmons.com Tour Dates: https://bit.ly/GregFitzTour Merch: https://bit.ly/GregFitzMerch “Dear Mrs. Fitzsimmons” Book: https://amzn.to/2Z2bB82 “Life on Stage” Comedy Special: https://bit.ly/GregFitzSpecial Listen to Greg Fitzsimmons: Fitzdog Radio: https://bit.ly/FitzdogRadio Sunday Papers: http://bit.ly/SundayPapersPod Childish: http://childishpod.com Watch more Greg Fitzsimmons: Latest Uploads: https://bit.ly/latestGregFitz Fitzdog Radio: https://bit.ly/radioGregFitz Sunday Papers: https://bit.ly/sundayGregFitz Stand Up Comedy: https://bit.ly/comedyGregFitz Popular Videos: https://bit.ly/popGregFitz About Greg Fitzsimmons: Mixing an incisive wit with scathing sarcasm, Greg Fitzsimmons is an accomplished stand-up, an Emmy Award winning writer, and a host on TV, radio and his own podcasts. Greg is host of the popular “FitzDog Radio” podcast (https://bit.ly/FitzdogRadio), as well as “Sunday Papers” with co-host Mike Gibbons (http://bit.ly/SundayPapersPod) and “Childish” with co-host Alison Rosen (http://childishpod.com). A regular with Conan O'Brien and Jimmy Kimmel, Greg also frequents “The Joe Rogan Experience,” “Lights Out with David Spade,” and has made more than 50 visits to “The Howard Stern Show.” Howard gave Greg his own show on Sirius/XM which lasted more than 10 years. Greg's one-hour standup special, “Life On Stage,” was named a Top 10 Comedy Release by LA Weekly. The special premiered on Comedy Central and is now available on Amazon Prime, as a DVD, or a download (https://bit.ly/GregFitzSpecial). Greg's 2011 book, Dear Mrs. Fitzsimmons (https://amzn.to/2Z2bB82), climbed the best-seller charts and garnered outstanding reviews from NPR and Vanity Fair. Greg appeared in the Netflix series “Santa Clarita Diet,” the Emmy-winning FX series “Louie,” spent five years as a panelist on VH1's “Best Week Ever,” was a reoccurring panelist on “Chelsea Lately,” and starred in two half-hour stand-up specials on Comedy Central. Sunday Papers with Greg Fitzsimmons and Mike Gibbons covers current events, comedy news, sports headlines, celebrity culture, politics, and real-world absurdity with sharp satire and dark humor. In this episode, the hosts discuss Olympic medal debates, AI ethics controversies, Warren Buffett investing strategy, royal family headlines, Florida crime stories, Philadelphia news, and film legends like Robert Duvall.If you like stand-up comics breaking down the news, political satire podcasts, smart comedy conversations, and uncensored takes on trending topics, subscribe and turn on notifications for new weekly episodes. Learn more about your ad choices. Visit megaphone.fm/adchoices

The wrong business partner will cost you everything. Here's how to know who to trust. Most businesses fail not because of a bad idea, bad product, or bad timing. They fail because of bad PARTNERS. People who don't share your values. People who steal. People who see you as a paycheck instead of a partner. People who make "doggy bags" to take home instead of building the table with you. In this raw conversation, Eric Thomas, CJ Quinney, Karl Phillips, and Jemal King break down the brutal truth about business partnerships - what destroys them, - what makes them work, - Why starting small is the only path to building big, - And real proof this approach works (six-figure real estate checks, zero student debt, generational wealth from $50/paycheck). This is Part 2 of our two-part series. If you missed Part 1 (Episode 528), go watch the wife haircut debate now! CHAPTERS: Chapters 00:00:00 Opening: Be Faithful Over the Small Stuff - That's How God Knows You're Serious 00:01:20 Stop Looking for Permission - The CJ Partnership Model 00:02:28 Why Most People Want Savages But Won't Become One 00:12:00 The 115 Years of Committed Relationships at This Table 00:13:38 The Book Reveal: What We're Uniquely Qualified to Talk About 00:14:56 Building Your Table With Family vs Strangers - The Dinner Table Analogy 00:39:41 The Contract Story: When CJ Put ET First Without Being Asked 00:17:46 Leverage: The Tire Iron Principle and Why You Need Different Strengths 00:00:27 Stop Focusing on the Big Stuff - The Cam Newton Lesson 00:22:41 Warren Buffett at 94: Why Most Wealth Comes After 40 00:53:52 Yanni Graduates Debt-Free: How a 529 Plan Paid for Michigan State 00:35:53 The pizza story: Why Your People Won't Steal From You 00:47:29 The 1% Conference Announcement: April 16-17 in Chicago

We got the final filing of Berkshire Hathaway's stock holdings this week and it once again showed Warren Buffett selling tech stocks to buy consumer goods companies. Then we discussed Netflix's latest saga buying Warner Bros. Discovery and why homebuilders are building fewer homes. Travis Hoium, Lou Whiteman, and Rachel Warren discuss: - Buffet's final stock buys - Netflix gives Paramount one more shot - Homebuilder trends Companies discussed: Toll Brothers (TOL), Apple (AAPL), Netflix (NFLX), Warner Bros. Discovery (WBD). Host: Travis Hoium Guests: Lou Whiteman, Rachel Warren Engineer: Dan Boyd, Kristi Waterworth Disclosure: Advertisements are sponsored content and provided for informational purposes only. The Motley Fool and its affiliates (collectively, “TMF”) do not endorse, recommend, or verify the accuracy or completeness of the statements made within advertisements. TMF is not involved in the offer, sale, or solicitation of any securities advertised herein and makes no representations regarding the suitability, or risks associated with any investment opportunity presented. Investors should conduct their own due diligence and consult with legal, tax, and financial advisors before making any investment decisions. TMF assumes no responsibility for any losses or damages arising from this advertisement. We're committed to transparency: All personal opinions in advertisements from Fools are their own. The product advertised in this episode was loaned to TMF and was returned after a test period or the product advertised in this episode was purchased by TMF. Advertiser has paid for the sponsorship of this episode. Learn more about your ad choices. Visit ⁠megaphone.fm/adchoices⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Chad Hyams and Bob Stewart delve into the distinction between being committed and merely interested, particularly in the realm of entrepreneurship. Through lively discussions, they explore how commitment versus interest affects success, using personal anecdotes and examples from Olympic athletes and business ventures. They emphasize the importance of prioritizing and eliminating distractions to achieve clear wins. Warren Buffett's wisdom on success and saying no guides their conversation. Tune in to discover strategies to enhance commitment in various life areas and transform interest into actionable, sustained success. ---------- Connect with the hosts: •    Ben Kinney: https://www.BenKinney.com/ •    Bob Stewart: https://www.linkedin.com/in/activebob •    Chad Hyams: https://ChadHyams.com/ •    Book one of our co-hosts for your next event: https://WinMakeGive.com/speakers/   More ways to connect: •    Join our Facebook group at www.facebook.com/groups/winmakegive •     Sign up for our weekly newsletter: https://WinMakeGive.com/sign-up •     Explore the Win Make Give Podcast Network: https://WinMakeGive.com/   Part of the Win Make Give Podcast Network