36 Burst results for "50,000"
A highlight from Aim to be above your business
"In this short talk episode I speak to Jonathan Jay about his experience in buying and growing businesses over the past 25 years. Jonathan bought a total of 53 businesses over the course of six years with five being before the pandemic and 48 during the pandemic. In this conversation he shares the top five mistakes entrepreneurs make when buying a business and the importance of identifying game -changing acquisitions based on the financial numbers, knowing when to sell business at its peak and the value of not being emotionally attached to the business. I create clear thinking and decisive leaders who can amplify their influence. Contact me to find out how I can help you or your organisation. And today our guest is Jonathan Jay. How you doing Jonathan? I'm very good thank you Judith, thank you for having me on. No thanks for coming on board. Now tell me, what's your favourite thing ever? I was expecting this to be a question about buying a business. My favourite thing ever? Oh my goodness, that's such a broad... my daughter, there you go. Can't get better than that. No you cannot, I bet she's gorgeous when she smiles. Even when she's grumpy she's fairly gorgeous. Brilliant. Jonathan tell us a bit more about you. Well this coming year, 2024, is my 25th anniversary of doing buying, selling, owning, growing and all those sorts of things in business. I've actually been in business longer but my first business was sale in 1999, so coming up to the 25th anniversary and it feels like yesterday in some ways and it feels like a very long time in other ways and I'm going to take it a lot easier from next year onwards, spend a little bit more time doing things other than businessy things. Interesting, so when you buy these businesses do you onboard a management team or do you become the CEO for a while or what do you do? Well it's an all depends answer on the different situations. I'm not particularly interested in operations and I'm not very good at it either. I'm not really the people person that's required to do that sort of thing so I always prefer other people to do that. Okay it's always good to know so many CEOs, founders as well they sort of get trapped into running it when they're not the right person. Well yes that's right because at the beginning you do everything yourself don't you? You are the business in every way possible so it takes quite a mind shift change to say that's not going to be me and there aren't any rules about when it stops being you. Does it stop being you after 12 months or 24 months? There's no rule so it just ends up being you all the time because at the beginning you can't justify anyone else being involved. You can't afford anyone else usually but it is a trap so the work on your business rather than in your business, massive cliche now but when Michael Gerber wrote The E -Myth over 35 years ago I think, it was quite a revolutionary change in people's thinking and he encapsulated it so well with that phrase work on rather than in and now I say to people work above the business so you become the investor rather than the doer or just the owner. And how easy is it to do that? I've never heard of anyone talking about being above the business. How easy is it to get there? Well there are very few things in business that are easy because everything takes discipline, effort, hard work, dedication and all of those things but I think it's important because if you do get dragged into the day -to -day you become the bottleneck in your own business and the growth of your business is going to be throttled by your time and your energy and to have boundless energy in our 20s and 30s past the age of 50 maybe the energy level is not quite what it used to be and we look forward to an early night and a good night's sleep so therefore capturing the energy and enthusiasm of other people allows you to do far more than if it was completely dependent upon you. Okay that makes sense. So in the last three years you've bought 48 businesses so tell me about that journey. Yes it's more than that actually, 53. So yeah I did a buy and build in 2019 which is what's that like that was five years ago actually five years back that I've been thinking about for a year prior to that so it really goes back about six years and I bought five of these businesses before the pandemic, 48 during the pandemic and it was stressful at times. I've got to admit that it wasn't plain sailing, very few people I've ever met have done that. There's only one person I can think of who's done it that aggressively and I ran out of energy. I was helping my daughter with her spelling homework and she was reading through the words for her spelling test that coming that coming week and one of the words was unhappy and she looked at me and she said that's you. Wow. And I said oh okay okay I let it go and the next day I said why did you say that and I said what makes me unhappy and she said work and I thought I've just suddenly become a very poor role model and at one point I was hospitalized. I'm not trying to put people off buying a business, I'm trying to put people off buying 53 businesses in like it was actually two and a half years. The stress started to get to me so no amount of money or no obsession with business is worth your health, your relationships, your family and all of those things and I think that early on in our careers we put everything behind our business and our career and then I think again when you tip into maybe when you tip into your 40s then you tip into your 50s you realize that you've got to get your priorities right because you start saying life is too short way too many times you've only yourself repeating that again and again life is too short life is too short so I think it's getting that work -life balance again yeah that was a kind of a new phrase 20 years ago and now it's work -life balance this that and the other but it's but it is very important. So you risked your health doing what you did but why did you do that? No one had a choice to be fair it kind of crept it kind of crept up at me I wasn't intentionally doing that. I had these stomach pains that wouldn't go away and one particular night you know I just didn't sleep the entire night I was just such agony and I was googling appendicitis and that was actually on the other side so it wasn't appendicitis I thought I couldn't figure out what it what it was I always thought my stomach was kind of in the middle and it's not actually it's to the to the side so I figured it was my stomach so I went to the doctor which I don't you know not something I've ever done on a regular basis and the next day I was having a colonoscopy which is not my favorite medical procedure out of all the medical procedures there are available a colonoscopy is not my most favorite one and they couldn't find anything which was good in some ways but what what was causing these the the stomach pains and it was all stress related so that was when I decided I've got to make a bit of a life lifestyle choice here and however big the pot of gold at the end of the rainbow if I'm not here you know because I'm as long as possible and I can't risk um you know I can't risk my health sort of suffering because of something which is let's face it financially based so um so yeah yeah it's a very common trait though isn't it entrepreneurs pushing themselves far too far um because I suppose you just get used to it and then it makes then it becomes harder to let it go oh I mean I I I have been and to a certain degree even now addicted to my phone I mean it's like it's like I get uncomfortable if it's not in my hand or I can feel it in my pocket which is bizarre I mean I shouldn't be looking at my emails at the weekend should I I mean it's like what's happening at the weekend nothing's happening at the weekend so so why am I even looking um so so it's but but I but I also remember the very very first day back in I think it must have been the mid -2000s when someone showed me how I could actually get emails on my phone and it was like oh my goodness I don't have to sit at my desktop to get my I can actually get them on my phone and you think that um you know if you if you again if you go back 20 25 years where we didn't have Facebook and we didn't have social media we didn't have um phones of any description but we still managed okay actually this is going back 30 years we still managed okay and we managed with a fax machine and uh you never hear anyone saying they make more money now than they did back then because they've got phones and technology yeah it it it is meant to improve communication but I don't remember anyone ever saying communication was was bad it was just you worked with what you've got and you didn't expect an instant yeah people these days you send them a whatsapp message and you don't reply instantly it's like a it's it's it's considered to be rude um where you know no one ever got upset when you faxed them and you didn't fax back immediately had it changed for the better not necessarily yeah why did you buy all those businesses in such a short period of time and it was in opportunity um that uh it was an opportunity to grow a grow a a pretty sizable group the fourth largest in the sector um within a short space of time and the pandemic was good in some ways business -wise bad in other ways um and one of the ways it was good it was because there were we just went for it um what it was it was just opportunistic that's all what type of businesses are they are these were all uh child care oh wow okay that made do you do you still have those no well my my business partner took over when I I I decided like I said the pot of gold at the end of the rainbow was not was not as enticing as I thought it was going to be so she took over um uh and and she was the child care expert I I was just the guy with the idea so my contribution was I had the idea and I knew how to do the deals and get the deals done um apart from having a child I I don't really know anything about uh how to run a child care business it's all highly regulated and you know I'm not qualified to do that anyway okay that makes sense so how did you know which of those businesses were good businesses to buy next to other businesses that you didn't buy uh because I looked at 500 so I looked at 500 first and it was kind of like a one in ten um of the of the 500 uh despite that you know some of them were better than others because they're not all created equally um and and some had some inherent cultural issues uh some had reputational some issues had financial issues uh you never get a perfect business right every business something that isn't appealing to someone else um maybe as the owner you live with it but to a new owner they wouldn't think it was um a good thing uh so so yeah so so the the bottom line was having choice of looking at looking at 500 in quick succession so if somebody was sitting there and they were thinking I need to I want to buy a business yeah is there any key things other than the fact that obviously you know the financials if you take the financials out is there any key things that people should be looking at well it is actually the financials the largest part because you want a business that's that's making good money and if you're going to buy a business why would you buy a business making 50 000 a year when you can buy a business making 500 000 a year with the same level of effort um as actually is easier to buy the larger business and the smaller business the larger business is going to be a better business than the smaller business um so they're uh yeah so the financials actually are are absolutely critical uh it's got to have enough staff enough people because you always get some when you buy a business you always get some people you want something that if you've if you've got a business with five members of staff and two leave you've got yourself a big problem uh if you've got a business with 50 members of staff and five leave or six leave it you know you don't notice yeah sometimes they were surplus to requirements anyway uh you've got to have a business that's big enough to be able to afford some good people to run it because you don't want that if uh it if it if it's you and you just bought yourself a job uh and even though it might be a well -paid job yeah we've kind of created that bottleneck that we were talking about earlier yeah and how did what sort of weight do you put on things like the culture of the organization well the that's the hardest part so you know if you buy two businesses one has a nine to five you know you walk in at one minute to nine you leave at one minute to five and then you've got the other which is work hard play hard and you know we're on call we're available anytime we'll do what's required to grow this business you try and put those two groups of people together and they won't mix so that cultural match is is really difficult and getting the staff on side is really important and that you know we did it really well and we did really badly yeah so and everything in between and sometimes it's practice slightly outside of your control as well so um you know you you might have a seller who who is a reluctant seller and some for some reason doesn't want the buyer to be successful and definitely doesn't want the buyer to be more successful than they were doesn't want to show doesn't want to be shown up so they they spike it a little bit with the staff and it's amazing how many people sell a business and then keep in touch with the staff and want to know everything that's going on they can't let go oh i suppose after 20 years of ownership i get that i understand that but uh that that makes things a little bit tricky so the the people aspects are typically the hardest okay thank you that's really that's really a good point so what are you doing now then um i go on holiday a lot and i take my daughter to school i pick her up from school um i watch uh dancing uh uh shows uh gymnastics competitions the other night last night and uh and i i do that i i i fill my day um helping other people buy businesses and benefiting from my experience over the last 25 years so uh these are either business owners already who want to expand by buying another business or they're entrepreneurially minded people quite a few property investors recently are not getting a very good return on property um and uh and see an opportunity in business so it's a it's a combination of all of uh all those different types of people and i i have sort of groups of business owners and entrepreneurs who come together and i guide them through the business buying process so they don't make all the mistakes and there's a lot of mistakes you can make and i've made all of them so i can help people avoid them that sounds really good so is there a top five mistakes that entrepreneurs make when they're trying to buy a business yeah um this is in no particular order because it's off the top of my head but uh definitely uh letting uh emotion rule the decision so ahead so it you turn into a motivated buyer you want to buy it and therefore you've got to make the deal work even though the deal shouldn't work it actually would help you if the deal didn't work um buying a business that's too small so you end up um getting involved because you have to and the business can't afford anyone to replace the exited owner um another mistake is using your own money you should never use your own money when buying a business why would you do that um you know we can we can finance the the acquisition without you having to reach into your own pocket and that's why people can buy multi -million pound businesses without being a multi -millionaire uh you don't need the money to to do that you just need the knowledge and the three mistakes that people make uh mistake number four um is that uh let's see um they uh get the numbers wrong so they don't do sufficient due diligence to understand exactly how much profit the business makes uh what the business will continue to make under the new ownership you know they rush the deal they rush this part of it because it's not very exciting due diligence um it's a little bit like waiting for the house survey to come back when you've already want to buy the house and even if there's a hole in the roof and you're gonna buy that house so people ignore the due diligence or skimp on it that's four thing four mistakes that people make i've done a video i've done actually done a video series of 12 mistakes that people make uh and uh so let me think of one of those for number five for you um so i i think going into an acquisition without enough knowledge of what to do so feeling as though you can make it up as you go along you can pick up bits of information of the internet i mean goodness me if you spend enough time on the internet you'll you'll be so confused because people say different things what you need is a process you need a system to follow you need to say like this is the first thing i do this is the second thing to the third thing and every time i see someone follow the system they get the result if they don't follow the system they don't get the result and it becomes frustrating or it becomes expensive or they end up just not doing it so i think it's really important to follow that process follow that system so there you go there's five mistakes that people make they're really good ones actually and they're things that you don't automatically think of and that i like the idea about not being a motivated buyer because you make mistakes because you just need and like you say you just need to buy it when it's been going on for ages so it's just like i've put i've already invested x amount of time so now it's i might as well just do well it um yes or i've spent x amount of money and yeah i feel as though i i have an obligation to follow through uh which is just not some not a good idea uh at all you you are looking for a motivated seller you're looking for somebody who wants to sell because if they don't want to sell why you know what you're going to do you're going to try and persuade them to sell to you does that sound like it's ever going to be a good deal so you want someone who wants to sell and you'll find that the more they want to sell the better the deal for you so out of all though millions of businesses out there i think you're probably better off finding someone who really is motivated to sell rather than someone who doesn't want to yeah and i suppose the other thing to think about is if you've got another business or other businesses is how does this one adds to the portfolio or does it distract from the portfolio i guess another one isn't it exactly and and it becomes a distraction it becomes a bad distraction if it's small and it sucks up time but doesn't give you anything back uh it's a good distraction um if it's a game changer acquisition and that and that's what uh um that's always what we're that that is a game changer or just something that you want to do how do they how can they tell the difference uh it's usually down to the numbers right okay to give an example a father and son duo who just bought their first business recently with my help um eight million of revenue 1 .1 million of pre -tax profit that's a game changer deal where you know you buy a business 20 that makes 000 pounds a year well that's never going to set the world alight right it's just like why put the effort in you might as well go and buy the bigger the bigger business okay and do you have any thoughts about knowing when to sell when someone should be thinking about it's time to sell yeah when things are going well but no one wants to sell when things are going well because i say well why would i sell things are going well now that's when you get the um most value and things don't go well forever no business goes up and up and up and up and up and up and up every business you know it goes up and down it's like a roller coaster so you need to know when you're going getting up to the top of the the peak and when you're going up to the top of the peak that's when you sell when you reach the top the only way is down and that's when you get the worst value and that's when you become seriously motivated to sell you should be motivated to sell because the business is doing well not motivated to sell because the business is doing badly. That makes a lot of sense and I guess you need to not be emotionally attached to the business because that's when it's difficult to sell. You get the best value if you're not emotionally attached. If you are emotionally attached your value goes down every single time. This is really useful. Thank you so much for that. Before we finish is there anything Jonathan you want to add or leave with the audience? Can I give a plug for my YouTube channel? Yeah go ahead and do it. If you type my name Jonathan J J A Y into YouTube I've got over 200 videos on buying a business and all interviews with my clients who've done it, me doing presentations to groups of people, all different types of videos and there's some free training videos there as well. If anyone's interested in doing this check out the Jonathan J YouTube channel. Brilliant and I think that will help as you said it's always good to have a bit of a template a bit of a process and an idea of what to expect rather than getting super excited and go I've got some money I can do something. Yeah and keep your money in your pocket don't use your own money when buying the business. Brilliant thank you so much for coming on the show. My pleasure thank you Judith. You're welcome and thank you out there for tuning into the Maverick Paradox podcast. I'm Judith Germain your host and thank you very much for listening to us today. The Maverick Paradox. Judith Germain is an author, speaker, consultant, mentor and trainer and the leading authority on maverick leadership. She is the founder of the Maverick Paradox which supports organizations to enhance their leadership capabilities and to help business owners develop and grow their businesses. Judith enables individuals, business owners and organizations to improve their impact and influence. She is also HR Zones leadership columnist and her expert opinion has appeared in national, international and trade press.
Fresh update on "50,000" discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"Welcome, crypto fam, to the number one daily Bitcoin pod. Lots to share today. I'll be breaking down the latest Bitcoin technical analysis as we close out Moonvember. Also breaking news just in, MicroStrategy buys another 16,130 BTC for $593 million. MicroStrategy now holds 174,530 BTC. Like, whoa. Also in today's show, Grayscale initiates a significant amendment to their GBTC trust agreement. I'll be breaking this down for you. We'll also be sharing the Bitcoin ETF race gets the 13th entrant as BlackRock revises their ETF model. We'll also be sharing breaking news. Suriname ponders national Bitcoin adoption with a 1% reserve strategy. Let's go. We'll also be discussing Samson Mao says $1 million Bitcoin price is expected and could come as soon as days after ETF approvals. We'll also be discussing mass Bitcoin adoption. What countries are likely to be next to adopt Bitcoin as a legal tender. All this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost a video show. So if you want the full premium experience with video, visit my YouTube channel at crypto news, alerts.net. Again, that's crypto news, alerts.net. Let's kick this mofo off, shall we? Welcome everyone just joining us. Be sure to smash the subscribe button. If you're new to the channel to receive daily premium crypto news alerts every single day, just like this, you also get a onscreen shout out by yours truly. Also be sure to smash the like button as it helps out tremendously with YouTube algorithm. Let's kick it off. Today is podcast episode number 1477. I'm your host JV and today is November 30th, 2023, the final day of Moonvember. We got Bitcoin currently pulling back and correcting, but let's check out our market watch as we do each and every day. Bitcoin is trading just above $37,600. The other day we hit as high as 38 three looking to retest 38 five, but then the bear swarmed in and took us back under 38,000. We also have ether correcting, but maintaining above 2000. We got BNB, XRP, Cardano, and Solana all correcting and in the red and they say when in doubt, zoom out. So let's check out the seven day Bitcoin is in the green, but barely for the week and zooming out for the one month, which is a 30 day perspective. Bitcoin still up 9% on the month and roughly 130% on the year. Not too shabby. We got ether up 12% of the month. Solana up a whopping 70% and Cardano up over 23% and checking out coinmarketcap.com. The current crypto market cap sits at $1.42 trillion with $45 billion in volume in the past 24 hours. The Bitcoin dominance back on the decline at 51.9% and the ether dominance at 17.2% and checking out the top 100 crypto gainers of the past 24 hours. We got Injective leading the pack up 8% on the day trading just shy of 18 bucks, followed by theta network up six and a half percent trading at a dollar three, followed by polka dot, which is up 5% trading at $5.53. Below that we have render FTT and ape coin. Now, which alt coins, if any, for this bull run are you most bullish on? Please do let me know and checking out crypto bubbles so we can get a visual perspective. You can see on the day there's a mixed bag, some in the green, some in the red with the top gainers being INJ we mix and theta and zooming out on the weekly. We got more in the green and zooming out on the monthly virtually all the major cryptos pumping and in the green and checking out the crypto greed and fear index. It shows we're currently rated as 74 in greed. Yesterday was a 72 last week of 66 and last month a 66 in greed. So there you have it. What do you think the moon member monthly closing price is likely to be? Yes. So let's dive in without further ado. Check out our Bitcoin technical analysis. The charts where the Bitcoin price action is likely to go next and welcome geologists joining us. Appreciate the support. Bitcoin brushed off fresh us macro data into the November 30th wall street open as traders focus on the monthly close. Here you're looking at the Bitcoin one hour candle chart. Now data from coin Telegraph and trading view showed Bitcoin sticking to the narrow intraday Fed's preferred inflation metric, which is the personal consumption expenditures. The PCE index would be fueling that volatility, however, had not come to pass at this time with November's final wall street open still to come. PCE came in broadly in line with expectations, a boost for the Fed's monetary tightening and reinforcement of declining inflation. Meanwhile, querying whether the interest rates might now begin to fall. The key takeaways for assets, according to the Kibisi letter said, stay cautious, quoting them here. Another sign inflation is falling, but still above the Fed's 2% target. Can the Fed really pivot now? What are your thoughts? Also, they alluded to the words of Bill Ackman, founder and CEO of hedge fund persons where capital management who earlier in the week predicted rate cuts beginning as soon as quarter one of 2024, quitting him here. It's important to note that the effects of monetary policy lag. However, does the Fed really want to risk jumping the gun and cutting rates too soon? We believe calls for rate cuts in quarter one, 2024 are too ambitious, but let me know your thoughts, crypto fam. Meanwhile, PCE did not manage to dent the market expectations of the Fed policy with data from the CME groups, Fed watch tool showing almost unanimous expectations of a rate hike pause continuing next month, which you can see here. They give that a 96% probability. Now let's discuss November price gains nearing 10%, not too shabby for market participants. The monthly close was of more interest, up nearly 10% in November, making it the first green 11th month of the year since 2020. Now above 37, six, the close would become its highest since may of 2022. Now in November of 2021 and 2022, Bitcoin actually fell 7.1% and 16.2% respectively as per data from coin glass. As you can see here in your screen and analyzing the current chart set up, we have trader jelly who saw reasons to be bullish on Bitcoin's RSI, quitting him here after spending the past month, building up a giant hidden bullish divergence. Bitcoin has breached its RSI downtrend and the chart showed the required area for the bulls to secure, which you can see here. He also shared if price can hold the gray box. I think this starts moving higher soon. All eyes are on the monthly close. So there you have it. So let me know where you feel the Bitcoin price will likely take us for this monthly close and also breaking news, which is going to be our next story. Microstrategy talk about buying the dip. They just bought another 16,000 Bitcoin for almost $600 million and now officially hold 174,530 BTC on their balance sheet like, whoa. So massive shout out to Mike Saylor. He is the true G right here. This massive buy from a Microstrategy making big moves and again, shout out to Mike Saylor. Microstrategy, the NASDAQ listed business intelligence software giant that made waves over three years ago, becoming the first publicly traded company to put Bitcoin on the balance sheet has gone on another buying spree. The firm's former CEO and founder Mike Saylor outlined the latest Bitcoin purchase, which was worth nearly $600 million. That's right. Here you go. Saylor asserted the company he founded over the three decades ago, spent 593 million to buy 16,130 BTC for an average price of $36,785 per Bitcoin. This has become Microstrategy second Bitcoin purchase for November. As reported before, the firm recently bought 155 BTC for 5.3 million at the start of the month. And the latest acquisition puts the company's total stash at 174,530 BTC. It just spent under 5.3 billion to purchase that total amount. This means that Microstrategy is sitting on a massive unrealized profit currently of over $1.2 billion given Bitcoin's current price of 37,750. And this is the initial announcement from Michael Saylor this morning. Microstrategy acquired an additional 16,130 BTC for $593.3 million at an average price of $36,785. As of November 29th, Microstrategy now hodls 174,530 BTC acquired for 5.28 billion at an average price of $30,252 per Bitcoin. So that's their average buy amount. And clearly they're in the green profitable with over a billion dollars. So clearly their strategy has been working out. Now, as reported over the weekend, the bullish developments with Microstrategy stock price movements this year being so connected to Bitcoin and given the crypto yearly surge, the company shares have been on a roll since January 10th doing fantastic. How many of you are invested into Microstrategy? Please let me know. They also reached a high not seen in over a year at above 520 after a 250% surge this year in 2023. And before the opening bells on Thursday, Microstrategy's price had retraced slightly, but still stands currently above $500. So there you have it. Leave some stats for the rest of us plebs. That's right. Leave some for us, fam. Anyways, now let's dive into our next story of the day. We just shared the latest with Microstrategy doing another massive buy for 16,000 BTC added to their balance sheet. Now let's discuss the latest with GBTC, who is the largest hodler Bitcoin in the world with 620,000 plus BTC on their balance sheet. If you don't know, that's the grayscale Bitcoin trust. So let's break down their latest as they initiate significant amendments to their trust agreement. The world's largest crypto asset management company, Grayscale, recently made a few significant adjustments to the grayscale Bitcoin trust agreement for the first time in five years, signaling a strategic shift. And a quick shout out to Mr. A Rusty B Kran. I appreciate the super chat and thank you for sending your first super chat ever. He wrote, was a ish coin bull until you converted me, fam. Now, so close to my goal of making my two year old daughter a whole corner by the end of the year and just found out my wife's congratulations on that front. Massive congrats for your daughter becoming two years old and also becoming a whole corner. That is massive and good to hear you're all in now on Bitcoin and congratulations on the new child on the way. Massive, massive congrats all the way around. Let's freaking go. I appreciate your kindness. Much love. Now, on Wednesday, November 29th, amending the trust agreement governing the Grayscale Bitcoin trust with the assets of the shareholders, quoting the Grayscale spokesperson here. Today, Grayscale has outlined proposed amendments for GBTC's trust agreement that are intended to provide operational efficiencies that we believe are beneficial to both Grayscale and GBTC. Importantly, this is our normal course of business, and GBTC remains ready to uplist as a spot Bitcoin ETF to the NYSC ARCA upon appropriate regulatory approvals. Now, the aim is to enhance the framework in preparation for a potential turn to a spot Bitcoin ETF, which they're looking to convert their product into a spot. And as a result of this, it will ensure equitable competition with other competitors, possibly including BlackRock, the world's largest asset management firm, which is a well-known asset manager. Now, according to the Wednesday filing, the two main adjustments were made in the agreement. These include a change in the collection of fees and consolidation of assets into an all-inclusive account structure. Now, the first proposal would allow the fund fees to be paid on a monthly basis to a daily basis. This shift is a structural improvement rather than a charge reduction as Grayscale had affirmed. It will not change the fee amount, but just the payment frequency. Quoting the filing here, with the changes we are seeking, the sponsor's fee would be payable daily in arrears as the sponsor will maintain the discretion and to instruct the custodian to withdraw Bitcoin from the Bitcoin account equal to the accrued but unpaid sponsor fee. Now, currently the firm charges a 2% management fee on GBTC. Meanwhile, companies waiting for approval of a spot Bitcoin ETF typically charge between 0.7 and 1% in fees. And breaking down the math from a previous interview with Michael Saylor, just 1% fees on an ETF could mean ultimately paying 20% of the lifetime of your investment over the long haul, like talking about 20, 30 years. So 2%, that could potentially add up to a lot, 30, 40% of your investment. So keep that in mind. The second proposal will make it possible for some trust assets to be retained in omnibus accounts in the short term. This would enable more effective share creation as well as redemption as is an important function for the operation of the Bitcoin ETF. Now let's discuss shareholders to vote for the approval of these proposals. Now, Grayscale decided that the stockholders will have to vote in favor of both propositions while not necessary can result in improved operational efficiency and a possible conversion of the GBTC into a spot Bitcoin ETF. Now, in order to execute the suggested proposal, the company will not impose any extra expenses on its shareholders. The shareholders have been given 20 days to cast their votes in relation to the suggested proposals quoting the filing. Again, GBTC shareholders will pay any additional fees as a result of the proposed amendments. The board of directors of Grayscale Investments LLC recommends you vote for the two proposals according to the filing. So there you have it, my crypto fam. And do you guys feel that GBTC's product, their trust will likely be converted into a spot Bitcoin ETF? Please do let me know. Let's dive into our next story of the day and discuss the ETF race. Let's go. We know another major deadline is coming up in roughly 45 days, January 10th. I think there's a deadline January 3rd. If we don't get the approval by January, then March is the next likely deadline. But the ETF experts are giving it a 90% chance that we get this ETF approval sooner than later. But let's break this down. We also have Swiss asset manager Pando Asset becoming an unexpected late entrant into the spot Bitcoin ETF race in the United States. On the same day, investment giant BlackRock met with the country's security regulator to pitch the updated ETF model based on the agency's feedback. On November 29th, Pando submitted a Form S1 to the US SEC used to register the securities with the agency for the ETF bids. The trust aims to track the Bitcoin price with the custody arm of the crypto exchange Coinbase to hold Bitcoin on behalf of the trust. So there we have it, Coinbase a custodian for another asset manager. Pando makes it the 13th applicant for an approved spot Bitcoin ETF in the United States, joining the race with a dozen others, including BlackRock, ARK Invest, and Grayscale. Now in a November 29th post Bloomberg ETF analyst, Eric Balchuna said he has more questions than answers about Pando's filing, questioning why this has come in so late. Quitting him here, we have a late entrant into the spot Bitcoin ETF race Pando who already offers crypto ETPs over in Europe. More questions than answers. Where have they been for the last three months? Why bother at this point? If they make January 10th crew, what does that say about fair play and even society as we know it? And what exactly is a Pando? Good questions. Balchuna has also raised concerns about the implications. Should Pando's ETF be amongst the Bitcoin ETF filings he predicts will be approved by January 10th. We also have Eric Balchuna's fellow ETF analysts to James Safart saying they have put their money on January 10th as the day that all the spot Bitcoin ETFs would be approved at once as it is the deadline for the SEC to deny or approve ARK's invest application. However, Safart told his followers that he doubt Pando's ETF is ready to go on the first day with others, but crazier things have happened, I guess. Now let's discuss BlackRock meeting with the SEC to discuss their ETF bid. The SEC met with BlackRock and Invesco executives November 28th to discuss their ETF bids according to the agency documents. They also met with the SEC November 20th, I heard, along with Grayscale. Now BlackRock pitched a revision to its redemption model to address the SEC concerns from the earlier meeting on the balance sheet impacts and risks to US broker dealers dealing with the offshore crypto entities. Balchuna has explained the revision sees the offshore entity getting Bitcoin from Coinbase and prepaying the US registered broker dealer in cash, which cannot directly handle BTC as the outlines here on X. Looks like BlackRock met with the SEC in trading and markets division again yesterday and gave presented them with a revised in kind model design based on staff's comments at their November 20th meeting. He also says here's the original versus the revised in kind model look like the new thing is step four, which is the offshore entity market maker getting Bitcoin from Coinbase and then prepaying in cash to the US registered broker dealer, who is not allowed to touch BTC, which he explained in the November 17th post that the broker dealers can't deal in Bitcoin and that the SEC was asking the ETFs to have redemption models that puts the onus on issuers to transact in Bitcoin, keeping the broker dealers from having to use unregistered subsidiaries or third party firms to deal with the Bitcoin. So there you have it. My crypto fam, what are your thoughts surrounding the ETF race and where do you feel regarding the 13th entrant? Do you think it will likely be approved with the dozen others on the desk of the chairman of the SEC, Gary Gensler right now? And do you feel will likely get that green light in January or the inevitable will occur and it will be pushed back yet again? Let me know your honest thoughts. But anyways, let's dive into our next story of the day. We got a lot to cover here. Speaking of mass Bitcoin adoption, we have a country by the name of Suriname. I'm not even familiar with this country, but I saw the news and this is breaking. So I'm going to share this with you. You can check it out here. We got Jan 3, Samson Mao, basically orange pilling the country right here. They're looking for a strategic reserve strategy of allocating one percent into Bitcoin. Now, Suriname, I looked up the geographics. It is located just above Brazil. And if I'm not mistaken, their population is over six hundred and twenty five thousand people. The Brazil population is over two hundred million people and the Columbia population is over 50 million people. And so, you know, this is a pretty big deal. And speaking of that population, you can see here, Samson Mao recently met with the Columbia president to discuss adopting Bitcoin. So there you have it. Just between Colombia and Brazil and this other country I'm pointing out right here, that's a population over three hundred million people collectively. Let's go. So Argentina, Guatemala, Mexico, Colombia or Suriname, which country will be next to adopt Bitcoin as a legal tender? Maybe the latest entry Suriname and a move that can position the small South American country at the forefront of the global movement. The South American nation is contemplating the adoption of Bitcoin as a significant part of its national economic strategy. Let's go. This development follows a series of high profile meetings between Suriname's president, Chan San Toki, and representative from Jan three, who is Samson Mao, who is widely recognized for its role in promoting Bitcoin adoption at the national level globally, including in El Salvador. The move could position Suriname as a trailblazer in Bitcoin adoption amongst nations. Let's go. During the meeting with the president, Samson Mao and Ben Van Hul emphasized Bitcoin's transformative potential for Suriname's economy, quoting him here. We were honored to meet with the president, Chan San Toki, to discuss the possibility of Suriname advancing on its own Bitcoin strategy. They emphasized the transformative potential of Bitcoin, particularly in the energy sector. They also extended beyond as highlighted by the statement from Jan three. Bitcoin could transform Suriname's economy. The government of Suriname and Jan three are exploring ways to boost Bitcoin's usage. They're even considering converting 1% of their central bank's reserves into Bitcoin. Let's go. This could be a potential safeguard against inflation and a new economic boost. That's right. Now, what if they were to convert 10% of their central bank reserves into Bitcoin? You already know, fam. And according to world data, Suriname's gross domestic product amounted to $3.6 billion for the entire nation, placing the country at the 171st in the global economic rankings. And in addition, Suriname recorded a considerable inflation rate of 52% last year in 2022. Sounds like they need Bitcoin. Now, international reserves, including goal were reported at 1194 million US dollars for the past year and expressing optimism about the future collaboration. We got Van Van Hul, who shared a personal insight heading home now, but my gut feeling says I'll be back here soon. This sentiment indicates the positive trajectory of the discussions of the potential for rapid development and Suriname's Bitcoin adoption. Now, Andrew Howard, the chief business officer of Jan three, elaborated on the unique opportunities that smaller countries like Suriname have in embracing Bitcoin. How many of you have actually heard of Suriname before this? That's actually a great question. Let me know in that chat, as I have never even heard of the country until the story just came out. Probably not many. That's the interesting thing about Bitcoin adoption and policy. A country with 600,000 is much more open and receptive to speaking with Jan three about Bitcoin policy compared to a country with 330 million, for example, the United States. Now, Howard further drew parallels with El Salvador, the first country to embrace Bitcoin as the legal tender. He noted like El Salvador, Suriname will benefit from embracing the native currency of the Internet rather than driving out innovation and companies from their jurisdiction. Bitcoin can turn third world countries into first world countries preach. The local news report from Suriname provided additional insight into the potential impact of Bitcoin on the nation's economy. During the press conference held by Jan three execs, the company's CEO, Samson Mao, stressed the importance of working with the government to fully harness the benefits of Bitcoin. Now pointed out the numerous advantages that a decentralized digital currency can bring to the Surinamese economy and its entrepreneurs. Even the Surinamese TV station reported on Jan three's visit and the possible adoption of a national Bitcoin strategy. That's what's up. This was officially reported on their local news. So this is real talks. Just imagine them adopting Bitcoin as legal tender. Their neighbors of Brazil. Brazil has a massive population, probably as big or not larger than the United States. So you already know how massively bullish this is for Bitcoin adoption around the world. Now let's dive into our breaking story of today. Samson Mao expects the Bitcoin price to hit $1 million per coin. He says that can happen as soon as days or weeks after the approval a spot Bitcoin ETFs. So let's break this down along with his most latest tweets. As I mentioned earlier, he's making big moves, not only Bitcoin adoption in this other country. We mentioned here by the name of Suriname as he's orange pill in their presidents, but also he's making big moves. Colombia, let's go. Colombia has a population of over 50 million people. Suriname has a population of over 600,000 people and is also the neighboring country to Brazil, which has a massive population of over 200 million people. So let's freaking go. Which country do you feel will likely adopt Bitcoin next as the legal tender? Let me know in the live chat. He also recently tweeted, we will see a seismic shift to Bitcoin and sound money. The next five years will be incredible. Guatemala, 2023. Argentina, 2023. Bitcoin halving, scheduled to take place in April of next year. El Salvador, we've already adopted Bitcoin here as the legal tender. Panama, 2024. Mexico, 2024. Shut out Ricardo Salinas. Canada in 2025, but it could be 2023 or 2024. Peru, 2026. And Nicaragua, 2026. Fix the money. Fix the world. Preach. He also shared here, it has come to my attention, there are some Bitcoiners that don't think Bitcoin can reach a million dollars per coin in a matter of days or weeks after the ETF money starts to flow in. They are in for a pleasant surprise. And then you can see the comments are hilarious. You should change your name to Samson Moon now. You know what I mean? So, I mean, he has some other really good tweets here. Reminder, the ETF approvals will unlock a tidal wave of capital influx into Bitcoin. Pair that with the multiplier effect and you do get to $1 million per Bitcoin. Now, I also want to share a throwback. This was recently eight days ago he shared that tweet. And then he reminded us that he shared a tweet December 3rd of 2021, the previous bull cycle. Approval of a spot Bitcoin ETF would send Bitcoin to a million per coin over a few days. Gary Gensler and the SEC don't want to be the ones responsible for sending Bitcoin to the moon. Again, this was years ago he shared this and it holds true even to today. And he was responding to Tom Emmer's tweet, the Congressman who shared on December 3rd, Gary Gensler, I am still waiting on your response to our November 3rd letter asking you to make sense of why Bitcoin future ETFs are allowed to trade, but not Bitcoin spot ETFs. So this is nothing new. Gary has been playing this game with us now for years. He is the only man standing in the way preventing us from the spot Bitcoin ETF with currently 13 applications on his desk. So let's break down this million dollar price prediction from Samson Mao, shall we? Here you go. And let's start it right here. He wrote this just recently, November 24th on Twitter. If you think I'm crazy for a $1 million Bitcoin, please meet Hal. He's referring to Hal Finney, who is responsible for the very first Bitcoin transaction. And some believe him to be Satoshi, quoting Hal Finney here as an amusing thought experiment. Imagine that Bitcoin is successful. It becomes the dominant payment system in use throughout the world. Then the total value of the currency should be equal to the total value of all the wealth in the world. Current estimates of the total worldwide household wealth that I have found range from $100 trillion to $300 trillion. And with 20 million coins, that gives us each a value of about $10 million per Bitcoin. So the possibility of generating coins today with a few cents of computational power and time may be quite a good bet with the payoff of something like $100 million to one, even if the odds of Bitcoin succeeding to this degree are slim. Are they really 100 million to one against something to think about? So there you have it. Hal Finney was calling for a $10 million Bitcoin price before the inception of Bitcoin. How lit is that? Now, Mao stated that those who believe 1 million per Bitcoin is a crazy price should read what Hal Finney wrote and what I just shared with you out loud. Many firmly believe that it was Finney who had hidden behind the synonymous of Satoshi Nakamoto going under the radar since 2010, leaving his invention in the hands of the community. Then Finney passed away in 2014 from consequences of lateral cirrhosis, if I'm pronouncing that right. In the message cited by Mao, Finney assumes that if in the future Bitcoin becomes the dominant payment system in the world, the price of one coin can soar to $10 million per coin. And speaking of some math, here's a Bitcoin expert unveiling the math behind the Bitcoin price prediction. Let's break this one down for you. I believe this is right here. Further elaborating his prediction, Mao referenced Bitcoin's historical growth in 2017. It took nine months for Bitcoin to go from 1,000 to $20,000. The block subsidy was 12 and a half. There was a lot more Bitcoin sloshing around on the exchanges. Mining was boiling the oceans and there was zero institutional money. That's right. There was no institutional adoption or no hype from institutions back then. And Bitcoin went from 1,000 to 20,000, which is 20x. So next we go from 50,000 to 1 million. That's just another 20x. Nothing we haven't done before. And considering we've already hit 69,000 as the all time high, keep that in mind. Now, let me know your thoughts surrounding some of this math. And I'm going to actually break down our next segment right here, where Samson Mao says the SEC will approve all the Bitcoin ETFs, like all in one shot. He was recently interviewed and asked some good questions. I'm going to read some of the questions and answers for you here. Do you think Kennedy, referring to RFK Jr., has a chance to win the election? He said, I would say so. And as you know, he is a pro Bitcoin candidate. He says, independent candidates have never won, but I think Bobby's defection from the Democratic Party and the fact he has tapped into the zeitgeist, he has really captured the imagination of the people, the people that are frustrated with the two party system, where nothing seems to ever change. Let me know if you agree or disagree. And who will you be voting for for president in 2024? Let me know. Next question, do you think the public debate puts pressure on the SEC regarding the approval of the pending spot ETFs? He says, I think the SEC has already enough pressure from Congress and from BlackRock. One thing that people don't really understand is that it's not Larry Fink and BlackRock that want the ETF. It's their institutional clients that want it. Their customers are putting pressure on them to get it. And there, he makes a good point. Next question, the growing relevance of Bitcoin in the US is also demonstrated by the hash rate. Significant shares are in the hands of large publicly traded and therefore extensively regulated mining farms and mining pools. Could this be a risk? Well, I don't think it's ideal. It would be better if the hash rate was more decentralized. And note, yesterday I shared breaking news Jack Dorsey working on a decentralized Bitcoin miner. It would be better if the US only had a 20, 25% portion of the hash rate. Right now, they're getting 40%. Sometimes the US while it's governed by a stronger rule of law might represent a danger simply because they want compliance with the existing financial system. Now he asks, could this be a risk to Bitcoin's fungibility? I don't think so. He said, I think there is a censorship risk that they'll try to block transactions, but ultimately if they try to do that, they'll limit their own profitability because they'll need to go to a black list and check that before processing any transaction and other pools in other countries will have the advantage. Now, next up, he was asked, the goal of your company Jan three is to promote Bitcoin adoption at the state level. Do you see potential in Africa, especially on the mining side? Here's what he shared. There is potential in decentralizing the hash rate and getting more into Africa. But the challenge is Africa. There is just not that much power to begin with. So you might incentivize creation of new power generation sites like maybe small hydro dams, but it's never going to compete at the same scope as the mega infrastructure projects in the United States, the ones starting to emerge in Latin America and possibly other places. So Africa might end up building a significant chunk of the hash rate by creating new power sources. The challenges, their new power sources, they're not tapping into excess existing energy. So I guess there's lack of volcanoes out there, fam. Now when asked what is the most promising country in the future in terms of Bitcoin adoption? And here's what he shared. I think there are a few Panama. Let's go. He says it's interesting. They don't have a central bank so they can do something relatively quick. There is one candidate we have connections to, and if he wins the a massive population in Indonesia, fam, read one. Camille is the governor of West Java, and I think he'll be running for vice president. He understands Bitcoin. He understands the potential for mining to transform the country. So that's another big, interesting place for us to look at. And I think Argentina is also one because Javier Malay, I think there will be changes afoot large scale changes and we have to direct that change towards Bitcoin. I think he is going to dollarize, but we want him to dollarize and Bitcoin eyes. So there you have it. My crypto fam, which countries do you feel likely will adopt Bitcoin next as the legal tender? And do you feel realistically that Bitcoin has the potential to reach a million dollars per coin as soon as days or weeks after the approval of the spot Bitcoin ETF. And when those trillions start ushering in into the King crypto, please let me know. And don't forget to check out crypto news alerts.net for the full premium experience with video and to participate in our live Q and A. And I look forward to seeing you on tomorrow's episode.
Turkey's Erdogan turns away reform-minded challenger to win another term
"In Istanbul, residents are reacting to the news that Turkish president Recep Tayyip has won a third term in office over one secured more than 52% of the vote in Sunday's presidential runoff against kemal khali, two weeks after he falls short of securing an outright victory in the first round. We won, we won, says one resident. Erdoğan is a fighter, we finally won. But not everyone in the Turkish capital is celebrating. One resident says our expectation was to have new blood to have someone new come. However, this did not happen. I am disappointed. That is what I can tell you. Erdoğan is now tasked with confronting skyrocketing inflation that has fueled a cost of living crisis and rebuilding in the aftermath of February's devastating earthquake that killed more than 50,000 people. I'm Lawrence Brooks
"50,000" Discussed on WBBM Newsradio
"For business news. You know child care is expensive when it's cheaper to have an entire theme park become your babysitter. I'm brianne van Miller on business. These days child care can cost about the same as one month's reign and it turns out the cost of raising kids has always been high to drive home the point, live Vasquez, a chef with 50,000 followers on TikTok, explaining what her mom used to do. She says when she was growing up, her mom opted out of sending her and her brother to the after school program until they could be picked up. Instead, she sent them to Universal Studios in Orlando. Every single day, Vasquez and her brother, we get dropped by the school bus, which happened to have a stop outside the park. Then they would hang out until their mom could pick them up. Turns out the park's annual pass often cost hundreds of dollars less than more traditional means of child care. And Vasquez says it worked out well for everyone. They always found new things to do, including trying out for the theme park shows. Brian van Miller, CBS News. Legislation has cleared the Illinois House that would give downstate utility and Illinois a monopoly on future high voltage line construction in its service territory, cranes, reporting that before the boat governor pritzker pledged to veto the measure which he said favors the utility at the expense of consumers. Meantime advocates are urging the Illinois commerce commission to slash comeds one and a half $1 billion rate hike by more than half. An update on traffic and weather together next, it's ten 55. Moving day means you're in for a big transition. Cube smart makes self storage as easy as possible. Online or in person, we put the
Russia's Wagner boss says more than 20,000 of his troops died in Bakhmut battle
"The fact that militia, which is aiding Russia wage war on Ukraine. Says thousands have lost their lives. Wagner's chief says his false has lost more than 20,000 soldiers in the drawn out battle for bakhmut, with about 20% of the 50,000 Russian convicts he recruited to fight in the 15 month war dying in the eastern Ukrainian city. The figures in stark contrast with claims for Moscow for its lost just over 6000 troops in the war. It's also higher than the official estimate of the Soviet losses in the Afghanistan war of 15,000 troops between 1979 and 1989, the Ukrainian general staff says that heavy fighting is continuing in days after Russia said it's completely captured the devastated city. I'm Charles De Ledesma
Conflicting Headlines Digging at Either Tucker Carlson or Fox News
"So there are two stories out there One of the stories are along this vein Tucker Carlson screwed Fox News is going to replace him like a LEGO piece like they would anyone else and forget it He's finished goodbye see you later Just like Bill O'Reilly and megyn Kelly and Glenn Beck and I'm like okay hold on hold that thought for a second And then the other story have you seen these you see them right The other story and they keep in mind it depends on how much the author hates fox or Tucker and who he hates more If they hate fox more you'll get the second story which is Tucker Carlson's gonna be fine Fox really lost the guy here who even though he's the homophobic phobic before they got to throw that in there right It's all crap right Any word that ends in an issue of foam even though he's that he's going to write his own ticket And that's typically because they hate fox more So you can almost predict the article by the author Hey Tucker Moore write about how Fox would be fine Hey fox more right about how Tucker would be fine None of this is grounded in reality at all Why Because folks the hard reality is they'll probably both be fine Fox is going to take a hit There's no doubt There are people who watched Fox for Tucker That's not a mystery That's just a fact There are people who tuned in at 8 o'clock every night to watch him How do I know that Because his audience was there's a thing called a tune in In other words when you're in the cable news business the tune in is a number If the guy before you Joey baga donuts if you're on it 8 the guy before you hit 7 on whatever cable network is getting a 100,000 viewers And you're getting 200,000 That's a tune in of a 100,000 additional people They sound hard to figure out And if the guy after you at that time is getting 50,000 less or even a 100,000 more than they've got to tune in of a 100,000 more than that
NYC transit agency pulls the brake on Twitter service alerts
"The MTA puts the brakes on Twitter service alerts for subways and buses in New York City. The decision put the country's largest transportation network among a growing number of accounts from NPR to Elton John, who have reduced their Twitter presence or left the platform since its takeover by Elon Musk. The MTA says the move comes after Twitter suspended the account without warning for a second time after the agency sent an alert to its 1 million followers. For its part, Twitter has signaled that the days of private accounts disseminating troves of information at no cost may be ending. The MTA estimates the cost could be 50,000 a month. Chicago transit authority says it's considering ending alerts as well. Julie Walker, New York.
What's the Truth About Kids Going Missing at the Border?
"I heard your segment with senator Josh hawley, I think everyone should listen to it. Can you please expand upon more about the missing children? I find it hard to believe. I find it hard to believe the audio is a little rough on this cut here, but senator Ron Johnson exposes this and cut one O 7 where it shows that anywhere between 85,000 to a 100,000 kids are just missing on the interior of the United States. They could be used as sex slaves, factory workers, low wage workers, Democrats don't care. Democrats are supportive of this. But yeah, about a 100,000 kids roughly, let's just play it down. Let's just say 50,000 because the numbers might be exaggerated. Let's say it's 50,000, okay? And we don't know how many are actual kids. So then let's say it's 30,000, okay? Because I don't want to exaggerate, I never engaged in hyperbole. Let's say it's 30,000 kids. This is extraordinary. Play cut one O 7. Are the protests, the hashtags. The news covering this story on repeat. How little can life be valued? The Homeland Security has lost 85,000 immigrant children. Children. Hear it for yourself. The rush through the vetting process. It goes on data obtained by the time show that over the last two years, the agency could not reach more than 85,000 children overall the agency lost immediate contact with about a third of the migrant children. Go here's the agency could not reach more than 85,000 children. Say 85,000 children. Again, some might be 17 when they're really 19 or whatever. Let's just say that it's roughly 30 to 40,000 legit kids. I think that's a fair assumption. No one cares. Democrats have completely wide open gang members smugglers, anything. Fentanyl just coming across the border. Literally lines of Chinese people are now just coming across the border. Our federal government is perfectly cool with it. They're supportive of it. They're subsidizing it. 5000 people a day. We have no records. We don't care, not a serious country. It's happening every single day.
"50,000" Discussed on WTOP
"Out Saturday for the 7th annual national cannabis festival at RFK stadium mid afternoon downpour sent festival goers scrambling for shelter. Guys. Great clouds swooped low over the fields in RFK where people were checking out the weed, growers gear, art, and fashion. Some came from the concert stage. Three things. Juicy J, Roland bouquet and this other artist. Two chainz. Yeah. But when the skies opened up at midday with the potential for lightning, organizers closed the event until the storm passed. People hunkered down wherever they could find shelter, many returned to their cars in the RFK laws. On Twitter organizers promised to finish the evening with the sleight of music on the concert stage. It's one O 5, a Waldorf man has won the lottery for the third time in less than a year, just in case you're curious the odds of that happening 100,000 to one. The 52 year old Charles county man who wishes to remain anonymous, says he plays the pick 5 game in the Maryland lottery, and all these picks the same numbers. Four 8 5 four 8, a $1 straight ticket pays 50,000 for picking all 5 correctly and four 8 5 four 8 has been a winner twice since last May. The first time he had two winning tickets this time, just one. Odds are a 100,000 to one. He says the lucky numbers were as the wife's idea, Ralph Fox WTO news. Virginia governor Glenn youngkin is planning a trip to Asia next week. He says he'll lead a state delegation with stops in Taiwan, Japan and South Korea, the focus will be on trade. Junkin tells CNBC that he's putting a quote best foot forward. The trip is adding the speculation that the Virginia Republican is considering a run for The White House, youngkin says he is 100% focused on Virginia. Soon there will be an iPhone app that will help you keep track of your day, thoughts and activities. The new app code name Jurassic
British Man Died of Rare Blood Syndrome Linked to AstraZeneca's Vaccine
"Saw this story yesterday and I thought gosh do I cover this or what And I thought I have to because it's just so strange The story's in the newsletter again if you want to read it today But it's in The New York Times British man died of rare blood syndrome linked to AstraZeneca's vaccine One expert said the blood clotting syndrome was estimated to occur in one in 50,000 people under 40 and 100,000 people over 40 who received AstraZeneca's vaccine folks This is rare I'm not going to tell you it's unheard of but you just don't see stories like this in the media And again you get good at detecting patterns This is not it's not hard to do If you follow The New York Times in The Washington Post like I do because it's my job to see what they're up to because they're leftist activists and you want to make sure you understand their battle plan right The stories they've been reporting and Jim you can attest to this man You follow this stuff too Over the last two and a half years have been almost almost universally positive about the vaccine The vaccine is so great Wait I take that back After Trump had lost the election then they were universal before that they were like they're rushing operation what don't take the vaccine After that they were like wow this vaccine Fauci says a miracle of modern science take the vaccine It was like Oprah giving away cars You take the vaccine you think they're vaccinated You get a car Everybody was supposed to take the vaccine Now the fact that this thing had been lightly studied by historical standards compared to other vaccines mattered not to media people while painted themselves as scientists and yet when you asked questions they should scientists Well you're not either So I'm the one asking the questions You're the one making the statements I'm on the right side of this logical argument not you The media was universally positive about this vaccine Why all of a sudden now because remember what I said There's always a hidden agenda
'We’ll kill you': Troops film boys' killings in Burkina Faso
"For 7 years, Burkina Faso has been racked by violence linked to Islamic extremist groups, some civilians say they're more afraid of Burkina Faso's security forces, who they accuse of extrajudicial killings and the disappearance of untold numbers under a junta that has recruited 50,000 volunteer fighters. One morning in mid February, 16 year old Adama went to tend his grandmother's cattle, not far from her rural home. He never returned, but days later, harrowing video began circulating that showed him laying bloodied along with 6 other lifeless boys, inside the dusty courtyard of what has been identified as a military base near the regional capital. Speaking in French, men in fatigues chuckle calling the boys good for nothing, one of them slammed The Rock down onto a damas head. That one was still alive, he says, an AP analysis determined the troops were members of Burkina Faso's security forces, which until recently received military training and hardware from the United States and the European Union, a fellow cattle herder who was released, says Adama had been seized by men on motorbikes and then taken to the military base, the teen boy's body was later found on a roadside, near where the video was filmed. The U.S. State Department strongly condemned the horrific violence as portrayed in the video, adding that allegations of human rights violations must be investigated. I'm Jennifer King
Dave Rubin: Democrats Spend High & Want to Print More Money
"He's in this untenable position Joe Biden right now Dave where he's saying listen if we don't raise the debt ceiling it is a grave threat to the republic It's over Credit rating dogs and cats Ghostbusters style And then on the other hand you got McCarthy saying okay we agree We did spend a lot of money unfortunately we're in a really bad situation So let's talk at any goes nana No we don't want to talk We're not really that interested Both of those things can't coexist at the same time It can't be an existential threat that you don't want to talk about Right it's an existential threat that unless I get exactly my way we're going to make sure more existential in essence Yeah you're totally right and actually McCarthy did bring that up yesterday He said look we always have a debt ceiling issue Every couple of years this thing comes up And are we going to shut the government down and all of that scary stuff Frankly I think if they shut the government down after about a week we'd all realize we don't need them but that's a sidebar Of course there are cuts of course there are cuts and concessions need to be made It is not a revenue problem with this government The government is taking in tons and tons of money Now unfortunately because of Biden's policies the money is worth less than it should be but the simple truth is the government spends in a way that none of us could ever spend Every single person listening to this most likely has a credit card And on that credit card when you hit your limit whether your limit is 500 bucks or 50,000 bucks when you hit your limit you can't go over it That's how it works but our government seems to operate and not seem to We know this They operate on a completely imaginary monetary theory And now you have Democrats who basically think you can just print money forever This is an actual monetary theory that they run on And it's not MMT We're all going to pay the price
How the White House Gave Putin a Green Light for Ukraine
"Now, we're talking about a Pakistan here, Chad and before we go, I want to make sure we have you wrap up on that, but I also want to get your take on what's happening in Russia, Ukraine, IRC, Xi Jinping, visiting Russia. This is absolutely insane. All right, so just if you would ramp up what you were talking about as far as Pakistan and the ISI yeah, I mean, just I mean, this is our enemy. This is who we've been fighting for the last 20 years when we fight when we say fight and Taliban. And the truth is, we didn't negotiate with our allies. We didn't negotiate with. We didn't negotiate with the Afghan government. We spent 20 years in place. The only people we talked to when I say we, The White House talk to was the Taliban, our enemy of 20 years, and we left Afghanistan without the consensus of the rest of the world. And we had 2500 troops there. We had 2500 troops and 20 places that can name around the world. We still have 50,000 troops in Japan and 40,000 in Germany and 35,000 in South Korea. This is not how the United States strategical leaves places and it created a catastrophe. And left Americans behind cost American lives left a 100,000 Afghan allies behind and left a 40 million vulnerable Afghans including 20 million women and little girls that we raped and for the rest of their life because of this. And so it's complete tragedy. And the world is watching our enemies are watching, which leads us into why Putin invaded Ukraine because he could. Because of the weakness in our White House and he postured against the imposture and the border with a 100,000 troops. Right. Joe, Joe Biden flinched, moved our U.S. troops out of Ukraine, moved our embassy out of Ukraine, the rest of the NATO partners followed and gave a green light for Putin to come in. And now we're sending a 113 plus $1 billion to Ukraine. None of that money is making it to help those people. It's a complete catastrophe. It's only it's only emboldening Putin and continue doing what he's doing and it's incentivizing people like zelensky who are getting all this money and never in this war because why they're making veins and dollars off of it, including corrupt politics in the United States.
What James Tour Can Do With Molecules Will Blow Your Mind
"You did was you met. In other words, it's conceivable maybe that you can make molecules or manipulate molecules. But you made molecules where each molecule, I know, look, you did this 14, 15, 16 years ago. This is like no big deal to you. But you made molecules that each molecule is a car. Yes. So let's go back to that, describe molecules that are effectively cars. You were able to do this. Yes. So each molecule is one molecule, they're very small. You can part 50,000 of them across the diameter of the human hair. 50,000 of them on the Diane. Side to side. Yes. Parked. Since their cars. Yes. 50,000 of them across the diameter of a human here. Yes. Okay, so they're that small. Yes. But you were able to manipulate things so that they function as cars. How do you mean that? Okay, so they all have four wheels. They all have four axles. They have a chassis. And on that chassis is a motor. Okay, what kind of a motor? I mean, what do you mean? There's a motor. It is light activated. You shine a light and the motor spins at 3 million rotations per second. And what is the motor comprised of? Carbon hydrogen and sulfur. Is there a glove box? No? We can put one in. A teeny bite. A teeny weeny. We could. Anyway, I just wanted to give you all a sense. I mean, so imagine a single molecule that has four wheels under there. And it's one molecule. And you're telling me it's so small that it can fit across, that 50,000 of them would fit across a human hair. So that's the scale at which you are working.
Catherine Herridge Implies U.S. Government Paid for Research in Wuhan
"Catherine herridge is on CBS mornings today She's actually a great reporter She used to work for Fox And she's going at it a bit over these projects at China's Wuhan lops through the NIH and the USAID And I want you to listen to some of this if you would Cut 15 mister producer go Sources tell CBS News and investigation of this complexity could take at least 6 months to reach a conclusion about whether U.S. government agencies were billed twice for projects in Wuhan China The probe kicked off after new information came to light from Congress We are collecting evidence here And collecting facts Former federal investigator Diane cutler spent two decades combating white collar crime in healthcare fraud During the pandemic cutler turned her attention to U.S. government grants that supported coronavirus related research in China How many records have you viewed My collection is certainly well over 50,000 documents Records reviewed by CBS News indicate the U.S. government may have paid twice for projects at the Wuhan labs through the national Institutes of health and the U.S. agency Jesus sick So basically it was like pulling teeth to find that our government the Fauci and their hemorrhoids did in fact pay for these projects at the Wuhan lab Now the question isn't whether they pay by whether they pay twice Well I can see why they want to increase my taxes Can't you mister producer If they're not experimenting on beagles I guess they're doing this sort of thing
Compete in Krakens NFTournament for the chance to win 50,000 in prizes
"5 p.m. Friday March 10th, 2023. Competing kraken's NF tournament for the chance to win 50,000 in prizes. We are excited to announce kraken's NF tournament and celebration of the NCAA men's and women's basketball tournaments, kraken is hosting a series of 6 competitions that coincide with each round of the real event. The competition will culminate in an epic championship round where one. The post compete in kraken's NF tournament for the chance to win 50,000 in prizes appeared first on kraken blog.
"50,000" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"Let me know if you agree or disagree with this warning and you think Bitcoin could potentially retest a sub $20,000 price action, also considering those ACME futures gap open somewhere between 19 and 20,000, I just wanted to throw that out there. But with that being shared, now let's discuss our $30,000 price prediction for April and investor who actually called the current bottom of the ongoing crypto bear market, thanks to king crypto, as well as Ethereum, are primed to take off next month, send it, let's go. Chris burns, a partner adventure capital firm, placeholder, tells his quarter million Twitter followers that his intuition is that Bitcoin will go above 30,000 and Ethereum will go above 2000 in April. Let's go. Burns thinks their price movement is dependent on macroeconomic forces. However, for much of February, the dollar and rates went higher while crypto hung in there if the former to start to drift lower, Bitcoin could push through 25. And if eth and Bitcoin pushes alongside that, we can get another round, a fireworks will fireworks, let's go. The placeholder partner also says he thinks that traders who are predicting Bitcoin to go lower, then it's 2022 fourth quarter lows are delusional, very interesting. What Bitcoin trading at roughly 22,200 at this time, the top ranked crypto asset by market cap is up a half a percent in the past 24 hours, but down nearly 4% for the past week. Bitcoin remains up by more than 35% since the start of 2023. So keep that in mind. And Ethereum is currently trading under 1600 at the time of this recording. The second ranked crypto asset by market cap is up nearly 1% in the past day, but down still three and a half percent for the past week with eth remaining up by more than 31% since the start of the year. So interestingly enough, Bitcoin thus far here in March has been outpacing Ethereum for this current year, at least, and let's see if this shall continue. Let me know if you think it will. And here's a tweet from Chris burns, for much of February, the dollar and rates went higher while crypto hung in there if the former two start to drift lower, Bitcoin could push through 25. And if eth Bitcoin pushes alongside that, we can get yet another round of fireworks. And with that being shared, now let's dive into our final story of the day before we get into the live Q&A, where you have an opportunity to ask me literally anything. So now let's discuss deeper, the Silk Road Bitcoin for sale, which come from the U.S. government and do you think there are likely to continue to dump it over 50,000 Bitcoin worth over a $1 billion was moved from multiple wallets connected to the U.S. government, law enforcement seizures, and transferred to new addresses with some moved to coinbase today on March 8th. In fact, Richard Hart tweeted this this morning 49,000 Bitcoin from Silk Road hacker got sent to coinbase 6 hours ago, now approximately ten hours ago, and he was actually referring to a tweet he did back on September 2nd of last year and he wrote Bitcoin dumps to watch for Ross albright 69,530 Bitcoin, mount gox, a 141,686 Bitcoin, which is where the bulk of this Bitcoin came from and bitfinex hacker with almost a 120,000 Bitcoin. That's a total of 331,000 Bitcoin and at roughly $20,000 value that's over $6.6 billion worth of Bitcoin, which can potentially dump. Now, according to the data shared by on chain analytics firm, pech shield, three transfers were made from U.S. law enforcement agency wallets, these wallets held nearly 51,000 Bitcoin, which was seized by U.S. agencies from the Silk Road marketplace back in November of 2021 around the time of the all time high, right? The confiscated
FBI Offers $50K Reward for 4 Americans Kidnapped in Mexico
"FBI offers $50,000 reward for return of four kidnapped Americans NBC News The FBI is offering 50,000 Been kidnapped at gunpoint during an attack in Mexico I'm sure you've now seen the video over and over again on Friday We learn about this today That also led to the death of an American of a Mexican citizen a U.S. senior official tone NBC on Monday that the Americans did not cross the border for any criminal purpose For Americans drove into Matamoros in a white minivan when North Carolina plates on Friday the FBI said in a statement by tomorrow it's just south of Brownsville Texas They were literally about a mile from the border The gunman heard of the four U.S. citizens into another vehicle and fled the scene with them It's not what I saw I saw three of them were utterly unconscious and thrown into the back of that thrown into the back of the van like they'd like to like sacks of potatoes Isn't that what it looked like to you mister producer One guy they were dragon they looked unconscious and the only I only saw one conscious person U.S. ambassador to Mexico can Salazar said Monday in a statement that an innocent Mexican citizen was tragically killed Next can president Andres Manuel Lopez Obrador This guy is useless said the Americans were in the country to buy medicine There are people from the United States who cross the border to buy medicines and their was a confrontation between groups that matters looked into I think it will be resolved he said It's not uncommon for Americans to cross the southern border for cheaper medication I don't recommend it
Thousands join Berlin rally calling for Ukraine peace talks
"A rally in Berlin, calling for peace talks to end the war in Ukraine, has drawn thousands of people from across the political spectrum. Protesters chanted in the pouring rain determined to make their voices heard as they pushed for dialog over the war in Ukraine. The police spoke of at least 10,000 participants, the organizers of 50,000, the protest has been criticized for downplaying what others are saying is Ukraine's right to defend its territory from Russian aggression. In a speech to the leaders of Germany, Ukrainian president volodymyr zelensky insisted dialog did not work, saying Germany's support was vital for Ukraine to fend off Russia. Germany
Why It Doesn't Take Much to Be a Politician
"Let's go, Nancy Pelosi. Let's say she made two, just say two 20 a year, right? You know, back then, as long as she'd been in there, they probably used to make 50,000 a year giving the fact that she'd been in there forever. Just say she made two 20 a year on average. And she'd been in that 30 years. Multiply that times 30. She didn't make $6.6 million and created a single job. And they did nothing for nobody. Like I don't understand how these people literally make banks. And that's just your salary. You know what kind of handouts you get beneficial, deals you make, books you write, appearances you get, you get charged money for, I mean, when you make it to Congress, these people have a vested interest to keep that cash flow coming. They don't care about representing the people as much as not all, but I think there's a good number of people that they don't care about representing the people as much as they care about making that money. I want you to put this also in perspective. House of Representatives, I think they make like one 75. Think about this. You don't have to have a degree, you don't have to be smart, where else are you going to make with no degree with a GED and you ain't got no skill, where else can you make a $175,000? You run for office. If you got to get the game where you can lot of people you happen to be the right color and the right district where people are low information voters, you will make a 170,000 a year.
Will Ukraine Become Russia's Vietnam? ... Or Ours?
"I wonder if when we look back on the war in Ukraine, we will see it as another Vietnam. Now, of course, when I say another Vietnam, it's not clear who's Vietnam. It will be a Vietnam for Russia. And perhaps the same way that the Soviet invasion of Afghanistan or generation ago became a kind of Soviet Vietnam leading to a kind of ignominious retreat. Or and this is a point that often gets missed, will it be our Vietnam? In other words, will the United States hang in there in Ukraine? For month after month, and in fact, year after year, the Vietnam War at the beginning appeared like it would be short, short lived the United States just stepping in the shoes of France that would pretty soon be all over. But no, it dragged on and on and on and each time we were assured, Americans were assured that just by deepening the commitment a little bit more said putting in more effort more money and of course in the case of Vietnam more troops, that this would then settle the issue and it never did. So as we look at Vietnam, just understood to be the greatest tragedy for American foreign policy in the 20th century, the only clear war that America lost. There's no other way to put it. And it was at the loss of 50,000 lives. It was at the loss of almost immeasurable amounts of treasure and obviously a deep blow to psychological morale. So we don't really want to go through that again, do we. And if we look at Ukraine, things are different in one important respect. The United States is not committing troops. And I don't see any imminent reason that that would change, at least not in not without something else changing.
Col. Douglas MacGregor Describes Differing Views of War
"You just go a little deeper on that on how Russia views war versus how the west views this war of use war? They have a different philosophy. They're willing to sacrifice greater numbers. They are willing to engage in a war of attrition. This is a concept that a lot of westerners, it's foreign to us. Well, I think that's misleading Charlie to be Frank. I think they've been very economical with Russian lives. All of the commanders have tried to maximize the use of standoff firepower. Missiles, rockets, artillery, to do as much damage as possible. And they've been very successful. 75% of Ukrainian casualties have been caused by those systems. So they have had great success in restricting the exposure of their troops to close combat. Now that won't be possible in the future once the breakout occurs, it'll be more difficult. But the Russians have never taken the heavy casualties at the west insist they've sustained. The west is running around with some crazy number of 200,000 casualties, pure nonsense. I'd be surprised if they had 50,000 to 60,000 casualties. And more than 20,000 dead it's the Ukrainians that have suffered terribly. So I think on the one hand, yes, attrition is part of this, but nutrition is focused on the Ukrainians. And the maneuver will follow the attrition. Once it becomes clear that the Ukrainians are completely broken and they're pretty close to it right now. And they fall apart, then the maneuver will commence.
"50,000" Discussed on Bloomberg Radio New York
"And we have been already shipping this base system. We have already 50,000 cars already with the base system. Right. How critical is China to the growth story for your business? Do you see the business growing with pace in China, which is a really important global auto market. That when we look at the China, there were two attractive things there. One is the market itself. Now a market share in China has been going over the years substantially. But more importantly, we found that China is slightly more tech forward than the rest of the world. And we took advantage of putting our latest innovation starting in China, the system that I mentioned before with 11 cameras that's called supervision already shipped in China. And then generating interest with other OEMs, western OEMs, and in the past 5 months, we started getting significant attraction with the 6 OEMs already designed in to this base system called the supervision going forward from 2023 up to 2025. What about doing business going forward? We know about the trade restrictions when it comes to technology in China. Do you see the need to build new partnerships in that market? Now, we have multiple partnerships in that market. We are less concerned about our type of product. The IQ chip is not a supercomputer. It's not programmable. You're going to put it on a data center and write any code you like, it really purpose built to sit in a car with mobilize a code. So we don't see our chip at the forefront of export controls. So we are focusing on building a great product creating partnerships. Using the tech flow with approach to then migrated to outside of China. And it's proving itself quite successfully. I'm not you and I have been talking about this for years now. Do you really see a business where Mobileye makes money from true autonomy? When does that happen? When does mobilize start making money as a service provider, not just to maker of chips and system on chips. I don't know what has changed in our view in the past 5 years. It's not changed
"50,000" Discussed on Real Estate Disruptors
"For distress others once a year once a month once a week. I i've not. I don't want a current seller. I prop i want somebody. Its own property. Five years five years on semites owned property enough that they've gotten tired of it if they bought it last week. they're not tired of it. they're still honeymoon phase. Yeah and then. Also i would run. I would make sure that. I could run equity i would chase either. He had free and clear and by the way. Don't be scared of free and clear. That's gigantic list right. The free and clear isn't so productive for the guys you're training to buy houses at a discount right because the free and clear guys are not motivated by cash right there. That's why i'm saying that. They were chasing semi with a different problem or we have a different solution to their problem. And so we're jason somebody that has owned property. They're probably tired of it but they're not in any kind of financial distress. Yeah got it and then question from on instagram. Jeremy watson no we see a portfolio of notes. Is that the same as non-performing loans no a portfolio of not just simply a group of net. I mean instead of buying one noted time i bought. I bought a thousand nets at one time. When you're buying a thousand notes at one time we'll kind of discount do you get versus buying window. i bought probably three years ago. I bought eight hundred notes at seventy cents on the dollar. That's a pretty good and they were. They were performing that. That's pretty awesome. And if all of question youtube from kelley is wish-lists do i pull to find landlords of tenants so you mentioned find these frustrated landlords so once again i might my. This is what they call list. Aki right this is this. Is you know it's a landlord and now you're looking for variables about that landlord. I prefer chasing land. It's owned it for a few years. And i would not and i know. A lot of people target will chasing the landlord that his file for a fiction..
"50,000" Discussed on Real Estate Disruptors
"Is. He has a pain fact. Here's articles written about this every week. We you and are just making this up. It's it's a common knowledge. Well that's been the number one seller for a lot of us through all of cove. It was motivated landlords. Right so what happens to the landlord that didn't sell to eat right. That's that's the guy you're really looking for leading a savings stressed right so that that that distressed financially distressed landlord is an obvious seller for cash. get rid of it. Move on right but the landlord. It's not in distress what he's worried about primarily in in this year perch for sure as it's in the news all the time each worried about taxes You know he's worried about the future. And so if you can position if our if our and edi speed at twenty years old today and you said eddie you're going to be a real estate investor dummy what strategy you would go chase. I can tell you with a thousand percent in integrity. I would focus on creative terms and focus on buying from landlords with with tax strategy. Because you are that you are the big guys as you. Well know they're not chasing that customer No they're not all right so before again to ask all the questions. I wanna ask you something right now because this is really trending at this exact moment. Federal governments talking about taxing unrealized gains. What do you think is going to happen if they pull that off. Which i think is near impossible. I don't think it's constitutional. Let's say we're gonna have more than this. A few distress landlords we have. We have a lot of things in the works. It can be very interesting for our business. guy We are really. You're probably looking at an oil shortage. We could be looking at six dollars a gallon. Gas right We are probably for sure gonna see an increase in interest rates which are gonna mean. Last people are going to get a mortgage Which is to be less demand exactly so there are some things on.
"50,000" Discussed on Real Estate Disruptors
"A of a premium value for free so that you can then grease the wheels So that then they can do business with you credible. Brilliant any other major life lessons along the way for someone that's looking to their either starting or they're halfway through their journey any other major life lessons get forty years since two thousand transactions. You learn a thing or two well. The other thing that is is sticks out in my head is a i think sometimes seller financing people. People are sorta taught whether you're if you're at a real estate club or your own online and facebook in your in some network we sort of a little bit thank seller financing is for sub-standard properties and sub-standard all roars. You know we kind could get in our mind like well. Of course they had bad credit. That's why seller finance that. You know what i'm saying. Because he's limiting beliefs. We put ourselves exactly. So what i've learned is this. I've if i bought two thousand portfolios of notes i've looked at six or eight thousand portfolios So i tried to look portfolios. That i didn't buy and figure out what was wrong. Want what what went wrong with their strategy. It meant that. I wasn't even willing to write a check and buy it Here's what i've learned. I don't deal in any form of sub-standard real estate right. I don't deal in mansions. Necessarily but i don't deal in sub-standard so if it's really if it's high risk neighborhoods or you know if it's land you know. People are a lot of people owner financed lie. And or something like that. If it's undesirable land that people are not going to wake up and love not going to pay you for it. Those are those are patterns at us. All and so i learned that you start out with a good piece of property and then you start next with how to attract the buyer that you won't So if i was a bank. And i ran a an ad on facebook or whatever today and i said you know. We loan money to unqualified people. Then they'd be lined up out the door with people that my bank would not end up being a good way. They made loans to those people But if i said if you've been if you've been left behind and you're solid and you've got good down payment and we'll figure out a way to make it work for you just because you didn't qualify for an institutional mortgage today and so i learned that if you can stay in that mode you're you're solving a problem that the public needs sobbed and you're gonna wake up with a good bank you're gonna wake up with a bunch of people paying you back for a long time in the future. Used to deal do a lot of i've done a lot of land business also and with seller financing a lot of it and so i learned that A guy told me something he said. Eddie if you'll have these disciplines business will be good to you a long time in the future. Yeah don't settle. Don't rush.
"50,000" Discussed on Real Estate Disruptors
"Drastically call it. I can cut my debt service in half or in a third of what normally would be by using that concept of a stepped rate in order to get them in their head. What they see is and so you say well. I need to earn interest. And i'm going to say you don't wanna earn more interest more interest because you're gonna pay more taxes. What you wanna do is collect this early money and not half in have a preferred tax rate and your preferred tax rate is what you got or selling the property. It's capital gains right so you're so in the early days you can position yourself to collect back at capital gains from the principal amount of alone the debt part not the interest part And so once again. I've learned that investors will be like. Oh okay yeah. It's so it's funny like i. There's something i learned a long time ago. Investors will do the strangest things in order not to pay taxes. Have you seen that is not just investors entrepreneurs. They're proud to tell you they pay zero taxes. Yeah and it's like well. You're on taxes. I said you put your bank account so so So those are the triggers that we've sort of learned those are those are value decisions that they're making it just enough of looking at thousands of deals we've observed. These are the things they repeat back to us. So we sorta learn the pattern of what's important to them and we've learned a kind of reposition it in a way that they can see it and now what now look at what we've done we've been able to buy property and the seller has been the bank you don't qualify for the mortgage right You probably don't have to personally guarantee the debt you you you you don't have all the underwriting guidelines and then you can write terms in the loan at our bank or mortgage company would never agree to like deferred payments deferred interest. All of these things that now sudden. You are borrowing money but telling your lender the conditions right unlike on the bank when you borrow money he's gonna tell you the conditions and so now all of a sudden you've got a wealth strategy and then then if you're going to now you owe the money what could.
"50,000" Discussed on Real Estate Disruptors
"And that you can defer your capital gain over many years. What's the odds that you lane in say. Tell me more. If i'm a self managing landlord pretty high exactly now. You've got a hook like the other cash buyers don't have right so what you're gonna then do is you're gonna kinda separate the herd so to speak right. I'm an old cowboy. So i know about separate her drive. So you're going to separate the heard because you have some landlords that have been collecting rent. They have a good tenant You have some landlords have a bad tenant forbes did an article i'm gonna say less than sixty days ago in it it quoted some stats in there that said eight million tenants. Oh small-time landlords twenty billion dollars back rent. Well well eight million tenants million tenants okay. So you have landlords had have a bad tenant and you have landlords and have a good tenant so at this point then you can separate how you approach the business Write a guy with a bad tenant. You buy it from him and then you're going to take over his problem now your fear if i'm going go by his rental property. He's gonna owner finance it timmy. Over by the way those ten million people that own those rental properties fifty percent of them don't have a mortgage so the equity factor is amazing compared to other consumer type houses. Yeah rising so you can stack this list right. You could do direct mail and stack everything in this list. You're looking for right so you can target. This customer is not like a mystery. It's not like his you everything about this very definable. Yeah so so now. You're chasing a guy that that has all equity or very little debt right right and then you're gonna say okay. You're going to give you a tax strategy. Steve would you rather carry. Would you rather defer your capital gains over ten years or twenty years auni. Okay now you just committed to a twenty year loan Right so i describe it like the breakfast analogy heard this. I remember on talking about. Go ahead well it. You don't at breakfast. You have the pig and the chicken right right now. The chicken in breakfast he He is involved right But the pig is committed absolutely okay. Yeah well in this in this strategy the irs deferred capital gains. Is the pig They're they're they are absolutely committed to the. Irs strategy is just the seller financing. Needs to be involved right. Got it right instead of me forcing seller financing down your throat jer. So so it's a different selling cycle but Then all of sudden it's a matter of structuring those terms now what.
"50,000" Discussed on Real Estate Disruptors
"Ball close to two thousand portfolios of notes. And i would say that if you took it you know any aggregate or you know that was doing it in the market. nobody would. There wouldn't be anybody close to that number. I don't believe you're buying a lot back. Then how does that never compared to what you're buying today. Well it's a it's a different market but we still chase. People were portfolios of nuts. Now we do. Today is very different because one of the things that will do. Today's will actually loan some money. Money against your portfolio right and the other thing is so look at what i did at the investor model right. What i did was show. People had a manufacture the product. I wanted i showed them the formula of how to make good notes so today it may not be home. Investors or some of the real estate investor group. But i believe that the small-time landlord is sort of desperate for a solution. And i believe that there is a great strategy for your listeners To be taught how to go work with them so that they can make notes because when they bought the rental they were looking for an investment. That was passive. They were looking for a mailbox money. Which is what the books talk about it but is not really mailbox money but if they went from the landlord to the bank they could have mailbox monthly and they wouldn't think of that and there are some attacks advantages in them do in that they certainly would never think of right. So what i've learned is is is sort of our job to have some unique knowledge some specialized knowledge and then go direct people in a way that at the end the day. We're giving them what they wanted. And at the same time l. as zig ziglar said then we get what we want right. So let's talk about this then right. I mean so today. Going to meet a homeowner homeowner. You're dealing with the landlord. Yep right what is this conversation like when you're talking to them about buying their property and creating a no out of it. What is that conversation sound.
"50,000" Discussed on Real Estate Disruptors
"Was the was the lender so we just did quarter research. And if i saw steve train was the lender on a note we'd send you a letter and said you know you could sell your note. You is interesting So we have mutual mendis right. So i wasn't a call and thomas. Joseph thomas howell. You know him and he said guys like this pisa mail. I got from eddie and as a deposit bag yep right yeah do you think opens back i got. I got thirty pieces of mail. Well all it takes his money in that case right now we we were doing. We started direct mail around october of nineteen eighty two. Wow i went to the dallas county courthouse and you know those ladies down there between cigarette breaks ride. They were they were they had these old dusty books And we went down there and did it and founder the oil and gas business was was not in a good way right and so a lot of these guys that used to be land men and so i found land man. That was kinda hungry. And i paid him so much name and he started giving me those names. At what the landman eight. Basically the guys that do All lisa's they research at the courthouse and find out who owns interest in you know oil Royalty interest in the property and so they do a lot of courthouse research. And so that was kinda how i got started and Before technology and list vendors and stuff at one time we had probably a hundred people in court has around the united states. So would you say given the technological technological challenges at that. Time is a lot easier to get data. Today was a lot more work back then. It was a lot more work. Which would you prefer today. Well i wish. I knew what i knew now when it wasn't as competitive because i didn't really understand direct mail. It didn't understand copywriting. i didn't understand list stacking..
"50,000" Discussed on Real Estate Disruptors
"Not solving with conventional lending could solve every real estate problem. We would have no need for creative financing right so in the in nineteen eighty creative financing was in the form of a seller carrying the financing in lieu of getting cash because he could carry it at a lower interest rate than current bank rates. Right he fill the gap for this was an of holidays. Them dumbing down. Oh that's all right. So we got existing existing mortgage. And then there's a second mortgage escrow to seller financing for the buyer typically was a second mortgage not one hundred percent of the time but a high percentage of the time those those year by and those are the notes house bond and it's really fascinating because we johnson here i don't know if you know him But he started buying creative notes. Back in nineteen seventy eight and his mind boggling to me because i was born in seventy nine so all right. So you're buying these notes. What we doing with them They were originally selling the private money. And then they got to. They opened up An institutional investor. Of course that really opened up a gap because a lot easier to chase a lot of deals with institutional money..
"50,000" Discussed on KOMO
"U. S taking more than 50,000 lives every year, and it's showing up Maura and Maurin younger people like Chadwick Boseman. The numbers are also increasing for black Americans. This'll week, the U. S Preventive Services Task Force made the official recommendation that people of average risk should now get screened for colorectal cancer at 45 instead of 50. And it's a big deal because this recommendation means that insurance companies will have to pay for that. Dr. Kinney Ng is the director of the young Onset Colorectal cancer Center at the Dana Farber Cancer Institute in Boston. She has long been pushing for the change, and we talked about it this week. This is a big deal for many reasons. One of the major reasons is that since the mid 19 nineties, we have noticed a steady uptick in this cancer being diagnosed in people under the age of 50. So by lowering the screening recommendations we really hope to capture more young people had an earlier stage when they may be more Terrible and hopefully prevent colon cancer in some. The recommendations issued by this United States Preventive Services Task Force requires that insurance companies then cover cancer screenings that are carrying a great A or B recommendation from this independent panel of experts. So this screening will be made available to millions more people in the United States at no cost. We know why cancer rates for colon cancer have been going up among the younger age groups. It is actually one of the biggest medical mysteries that people are working on researching. We've suspect that it's probably environmental factors that are likely increasing the risk. But what exactly those are is under heavy research right now. What are we looking at? When it comes to race? And gender and diagnosis of colon cancer. There are well known disparities in the incidents of colon cancer, as well as death from colon cancer by race. Blacks are 20% more likely and at higher risk of developing colon cancer and at an earlier age than whites, and they're 40% more likely to die from colon cancer. And we do think that these disparities are largely due to inequities to quality care and access to care. And so this is where it is especially important to get the message out about screening to these communities that are especially vulnerable and to ensure that steps are taken to make sure they have access. To this very important cancer screening. When it comes to people actually getting the colonoscopy and going through it. We all know that it's you know, it's not a pleasant thing, but it can actually prevent death. How difficult is it to get people to get that first? Colonoscopy. And do you think the younger age will maybe help with that a little bit when people are hesitant to do that, I think that a colonoscopy is a barrier to a lot of people for many different reasons. Some are not excited to do the prep and others may be related to systemic inequities and access to care where certain groups are just not as likely to be able to, for example, take time off work to get that colonoscopy and do the prep in order to realize the full benefits of screening. Bold steps need to be taken. And there needs to be a commitment among all the different involved parties to make sure that these new guidelines are indeed implemented and made available to everybody who is at risk. It is a procedure that only takes a few minutes, but it's the entire day before when you're you're prepping for it. And then afterwards you don't feel so great. This is a procedure that you really need to Prepare for and do it correctly, Don't you very much agree, and the other part of that is that you do get some anesthesia or conscious sedation during the procedure, And so you in addition to having to take time off of work to go, you need to have a ride there and a ride home. And there are alternatives to colonoscopies, including many stool based tests, which are really quite effective as well. However, this does require that a follow up colonoscopy be done. If somebody does get an admirable result of the Stool test now where the school test may not be as good as a colonoscopy. Is that catching things at the polyp stage before they become cancer? Thank you so much doctoring. I think this is a really important study and appreciate.
"50,000" Discussed on WBZ NewsRadio 1030
"Another impeachment is on the way. Senators will be sworn in as jurors today with Vermont Democrat Patrick Leahy, presiding Morrell executive orders from President Biden, including a new mandate, offering incentives to companies to buy American product. Local covert trends suggest Massachusetts is flattening a post holiday cove it, Serge. Numbers back it up most of them anyway. WBC's Carl Stevens takes a closer look with a second day in a row. The number of covert patients in hospitals across the Commonwealth is below 2000, the first time that's happened all year. There are 1955 virus patients in hospitals. The latest daily update from the state Department of Public Health has another positive figure. 4.82%. That is the seven day positivity rate a few weeks ago, That number was above 8%. There are 45 new covered related deaths, bringing the death toll to 13,889. And there are nearly 3500 newly confirmed cases of the virus, bringing the estimated number of active cases in the state right now. More than 92,000. Carl Stevens, WBC Boston's news, radio supply and demand an issue from coast to coast. The days these days, the federal government says it is sending routinely 12 million covert doses out a week and has no explanation. Why states claim they're running out. Now, as WBC's Laurie Kirby tells us one member of the Massachusetts Congressional delegation wants to know why Congressman Seth Moulton is perplexed. This is basically just six folks. We need to get on top of it. We've known this vaccine was coming for a long time and pushing an effort to get the critical shots into underserved neighborhoods. We need to make sure that communities that are hardest hit Get the vaccine quickly. Why not just set up some sites in those communities? 24 7 distributed as soon as people can get their the Baker administration says a number of new sights to vaccinate our coming president. Bottom pumps up his promise Now to deliver 150 million shots of the vaccine in his 1st 100 days. That's a 50% increase. Laurie Kirby WBZ Boston's NewsRadio of a setback for the court system here in Massachusetts jury trials. Are now back on hold. This was intended to be a short pilot program that would seat six member Juries in this age of coronavirus in court. So now going to take a bit of a breather until February, 12th there will assess the performance. Of those six member jury pools. No jurors by the way tested positive for Corona virus during the test run Well, even though we are seeing a noticeable drop in the daily death toll from Corona virus and coronavirus cases over the past couple of weeks, the numbers overall remain alarmingly high. CBS News chief. White House correspondent Nancy Cordes has more president Biden warned even a big boost in vaccine distribution won't dramatically change the course of the pandemic over the next two months. Mask wearing, he argued, will if we wear masks Between now and the end of April. The experts tell us we can save 50,000 lives. 50,000 people otherwise would die from the Oval Office. The president's dogs could be heard barking. Major and champ joined the first family over the weekend and will now call the White House home in the White House says it is going to start holding public health briefings with members of its covert response team several times every week. Meantime, the White House continues to try to cut a deal for a financial stimulus package. Well, consensus is his preference. The president says. He knows the rough and tumble of lawmaking. We're gonna argue like hell. Confidence that you know that I've been there. Mr Biden says he's hopeful that disagreements will end in compromise. He describes the precise contours of covert relief checks is one of the moving targets. I'm open to negotiate those things, the president told his first White House news conference. The nation will still be dealing with the coronavirus next fall, pointing to predictions of his many is 660,000 American deaths. Stephen Portnoy's CBS News. Good Morning. It's 8 50 some sunshine, mixing with clouds now in Boston 23 degrees here in the city, A nations governments The edge of collapse..
"50,000" Discussed on KIRO Radio 97.3 FM
"50,000 lives. There have been a number of notable deaths to report this day. Among them long time radio on TV interviewer on host Larry King. Retired CBS News. White House correspondent Peter Mayer worked with Larry King at the old Mutual radio network, where he talked to celebrities and callers through the night. Larry King was to say the least a character he prided himself in not preparing for interviews, not reading. The books of authors are looking into whatever it was that landed a guest on his show. There were Rarely, if any probing questions. It was a trademark chat with Larry, who saw himself as the schmoozer from Brooklyn who viewed his guests and collars is the real stars of his show. Larry King was 87 had been hospitalized for covert but had a long history of health issues before that, also singer Jimmie Rodgers, who crossed musical formats and styles With big hits in the fifties and sixties, has died. Also 87 with covert complications, and actor Gregory Sierra of 1972 TV comedies he was 83 oversees. Thousands took to the streets in cities across Russia. Protest ng The jailing of opposition leader Alexei Navalny in the city of Tom's Protesters chanted Freedom! And Putin is a thief! Thousands were arrested across the country, including Navalny's wife in Moscow correspondent Adriana Diaz. Mrs. Novotny was later released. We don't yet know who but somebody in Michigan did buy the winning ticket for that. Billion dollar lottery. Some thoughts near the story. I'm going to keep playing, and this will be my new spot. The odds seem pretty pretty good here. If you don't play you can win..
"50,000" Discussed on WGN Radio
"Dow was down 150 points. NASDAQ Down 31 points the S and P 500 down 12 points. I'm Lauren Latka on Chicago's very own. 7 20, w G and Anna Devane Lantus this ever happened to you guys when you're online, and everybody at home is online and you start getting a slower speed. Like what's going on? I was yelling at my 87 year old mother in law. I'm like not to get off. Stop streaming. I thought she was watching the Hallmark Channel Monday one before on 7 20 w G. And that's us you'll hear and in a little while and the wind trust business lunch in 90 minutes, one hour from now, speed jokes. The replay. It's the top 10 11 12, by the way, Producer L. Of what did people say was the top joke of the week. Context. 23129817 200 We do that at 9 30. We'll do it again at 11 30 will left tally with the votes were the gang in the studio didn't agree at the time and remember on Fridays we always do. Sort of wrap up the week and start your weekend. We do the bright side of life segment you'll call in and tell us some good news in your world. By the way Ed wanted to say, and Kevin wanted to say something about Hank Aaron's passing. Let's just take these calls real quick. Hey, Kevin, you're on WGN. What's up? John, you've provided great service with your show. I appreciate that, Anyway, I did the inflation calculator and his $200,000 a year in 74. It was. It's a million and just under a million 50,000 today. Wow, that's probably below the average salary for a major league baseball player now. Oh, I would say for sure Million How much? Five No, just a million 50,000. So 1050, Gerald. Just over a million. Okay, so 200,000, then multiply by five. Just about Yeah. It's not about the, uh I don't know how you know because we get agitated these days and how much Athletes make, but now I'm just looking back and go, But they weren't making enough back then. Maybe they get too much now, but Hank should have got more than 200 grand. That's amazing. Gotta agree with that. Hey, Kevin. Thanks for the call to welcome text back and you're on W g and jump in the red. You're on the air. Yes. When Henry Aaron was assigned to start playing baseball, he was assigned to the cochlear Braves up in Wisconsin. He and Billy Bruton were the only black players on the team and In fact, oh, clear with that time of the town of about 32,000 and he and Billy Bruton. We're the only black people in in town and they had no place for them to stay in my School football coach Marty Crow stepped up and allowed the rented room toe Billy Bruton and Henry Aaron and they stayed in the house all the time they played for the Claire Braves. This was This is back in the fifties, when he just started out playing. I suppose that was seen. It's pretty progressive at the time right that they would have put up the black man. Well, not not if you knew Marty Crow. He was beyond his time even back then, and it was just a natural thing for him to do. And actually, none of the rest of us. Not much about it at all. Just that's just the way it happens, and we were not I at least I know I was not surprised that he was the one person in town of 32,000 would step up and do it. Was and I suppose everybody could tell them that this guy was going to do more than play baseball and declare, huh was he must have been. It's just not really. He was good. He was no question. He was good. He only stayed there one season. But no one could, you know, predicted the type of career in a way a way Woz they very day. Even then, though, it was like everybody said, a very gentle, unassuming Person. I saw him a couple times. I never spoke with him. But I saw him a couple times. Very quiet, unassuming person and he and Billy Bruton, You know this played baseball that was their job. Good story. Really? Excellent. I appreciate your listening. Thanks for getting in here, Ed. I know I have a good day. It's 10 38. You're listening to WGN radio. Looking outside, Clear skies kind of cold. Downtown Chicago feels like one degree above zero right now and just a little while ago, Dan O'Connor. As we call him, the lake jumper jumped back in the Lake, Michigan. He does it every single day we've taken to doing play by play of that. Just for fun. He's a detox designs dot com. This T shirt. A lot of people are posting online now sweatshirts and mittens that Bernie Sanders Was rocking at the inauguration. Hey, John Williams, Bernie's online store is now selling a sweatshirt of the famous Bernie image. With profits going to meals on wheels, Vermont $45, So it's a dark sweatshirt and then on the front is just a big image of him sitting there. With his arms and legs crossed, huddling with a mask and those now famous mittens. My understanding is the Manila envelope next to him, had his tickets for the inauguration for 23 texted in and said Bernie's envelope held his inaugural tickets. Just think of Bernie had won the election. He probably would have warned the same outfit. Now that's a president. You know, my guy Thomas Jefferson was famous for that to third president of the United States personal friend of mine. Every fall. I talked to him on stage except this past one. Hopefully TJ and I do another one of our conversations on stage. But Jefferson was famously pedestrian so that when dignitaries heads of other states would Come to see him at Monticello or wherever he was living at the time. He would sometimes greet them in a bathrobe, and they were put back by that they would say This is the famous Thomas Jefferson. This is one of your founding fathers. And he said.
"50,000" Discussed on NewsRadio KFBK
"And produce the weapon and fired shots striking a 30. Your own nail in the head while he was sitting in his vehicle. This victim was pronounced deceased at the scene. California saw another day with more than 50,000 new cases of covert 19 reported on Saturday. You're listening to ABC News now. Here's what's happening around the state on Sacramento's news 93.1 kfbk. The missing man from west Karina is found dead in Arizona. They have a Pike County Sheriff's Office said Friday. The medical examiner has identified the remains of Shane Roman. He was found by hikers on New Year's Day near McGeer ville off by 17, south of Sedona. Sheriff is reuniting with little girl he found three years ago. Wasting away in a dirty trailer. San Bernadino County Sheriff W. Mike Richardson had been investigating unrelated reports gunshots when he found Page wrapped in a wet towel and had to rush to the Loma Linda University Children's Hospital at the time. Doctor said she had maybe four days to live. Richardson recently got to see Paige again. The little girl had made him a thank you card. Reese Re. Lankan's face federal terrorism charges, according to a post on justice stock of the three were charged in federal court in Los Angeles. They're accused of supporting Isis. The three are accused of providing material support to the group. I'm Royal Balon. Sacramento traffic checking KFBK traffic in the Sierra 80 westbound at the California and Nevada state line. The roadway is reduced to only one lane. You have the ditch Slope stabilization project taking place. You also have long term closures of the fair it on and off ramps throughout this process. This is not set to complete until late summer of next year. Meanwhile, in the Sierra as well, highway, 89 is still shut down. This is between highway 3 95 and four at Monitor Pass and Highway four is still closed from route 207 at the Mount Reba turn off to route 89.