20 Episode results for "ESI"
1062: The Importance of Tracking and Managing Cash Flow by ESI of ESI Money on How To Create A Budget
"Real quick we recommend listening to this. Show on spotify where you can listen to all of your favorite artists and podcasts in one place for free without a premium account. spotify has a huge huge catalog of podcasts. On every imaginable topic. Plus you can follow your favorite podcasts. So you never miss an episode. Premium users can download episodes to listen to off off lime wherever and whenever and easily share what. You're listening to with your friends on instagram. So if you haven't done so all right be sure to download the spotify APP search for optimal finance finance daily on spotify or browse podcasts. In the Your Library Tab also make sure to follow me so you never miss an episode of optimal finance daily. This is optimal finance daily episode. Ten Sixty two the importance of tracking and managing cash flow by Esi of ESI MONEY DOT com. And I'm Dan I'm your host and this is where I read to you from some of the best blogs on personal finance every single day including weekends and holidays and we actually have five different shows. Where are we do that and each of them covers a different topic? So you can search for optimal living daily wherever you're hearing this to find all five of our narration style podcasts. But for now let's let's get right to our midweek edition of optimal finance daily as we continue optimizing your life the importance of tracking and managing cash flow by Esi of ESI MONEY DOT com. Now that we've covered the importance of measuring and tracking racking your net worth. Let's move onto financial measure. That's almost as important. It's important because it's a major driver of net worth and it's called cash flow so what is cash flow well. Cash flow is simply income minus expenses. It's what you make or earn less what you spend income less expenses the difference between wing these two is your cash flow consider this example monthly income four thousand dollars monthly expenses. Thirty five hundred dollars monthly cash flow five hundred under dollars. You build your wealth or net worth by taking your cash flow and investing it. This is how it fuels the growth of your net worth its cash flow and the saving being an investing of it that buys homes investments. And the like that drives net worth by the way I'll also use the term gap to refer to cash flow. I like it because the word describes exactly what it is the gap between income and expenses and the larger the gap. The better too key parts of cash flow. The two vital parts of creating a strong cash flow are maximizing your income and limiting your expenses if you can grow the former and keep the ladder in check. Your cash flow will skyrocket fuelling your net worth to new and glorious heights. Now's a good time to relate these principles twohey SL money I've already explained what. ESI means. But I liked like to cover it again in a different way. Consider the following e you want to earn as much as you can s you want to keep your expenses low so you you can save as much as you can and I you take the gap between E and S and invest it to grow your net worth make sense right how to track and manage cashflow. Okay now we're going to get vulgar. I'm about to say a dirty word probably the dirtiest word in finance ready here. It is the budget. I know you're cringing but just stick with me for a few more paragraphs it's not nearly as bad as you think. The budget is the most used method for tracking setting leading and managing cash flow. It's widely hated because people see it as a taskmaster a plan. That tells you don't do this. Don't do that. It seen as a killjoy. But but it's really the opposite. The budget helps you cover your mandatory expenses. Then decide what else you want to spend your money on. Yes you decide what else to spend money on. The budget doesn't decide decide. You decide better yet. You don't have to keep a budget all your life see. I told you would get better. My belief is that in the early years of managing your own money. A budget is is invaluable. It will help you see where your money is going and how it spent. The budget will help you catch expenses that otherwise might not be noticeable. It'll help you make good financial decisions. I highly recommend having a budget people just starting out handling their money. Since it's vital to understand and manage your money very tightly early on I would make it as detailed as possible and review and updated on a regular basis like monthly. This is what we did for the first decade or so of our marriage and it made a huge difference in how we managed our money and the financial the results of those efforts after you become a bit more proficient at managing your money and I think you can go to a less detail than less frequently updated budget. If you've proven that you can manage your your money and especially control. Your spending. A budget is needed nearly as much to ensure your cash flow remained strong. ID's into this process by updating and reviewing a budget quarterly early and then semi annually and then annually. If you get really good at creating Sir plus and watching your spending you can eventually get to the point where you don't need an official budget at all all. You can simply reviews spending in real time as needed. This is what we currently do. We look at spending in quicken and make adjustments as needed. But we don't have a formal budget. Finally as you begin to approach retirement or early semi-retirement you'll need to go back to the basic budget. You'll want to be one hundred percent sure that your income and expenses are where you want them to. Maybe before you make any major moves because once you do it's hard to go back for instance hard to go back to work hard to cut expenses that are now fixed and so forth for for these reasons. I suggest you do a very detailed multi year budget well before retirement to see if you can afford to make the changes you want to how to develop a budget to begin developing a budget. You need to track your spending for thirty days so for thirty days right down both the amount and the pay where the money went every single time you spend money when you pay your mortgage with a cheque right down when you transfer money to your utility company via Your Bank. Write it down when you pay for a coffee with a credit card. Write it down when you put a dollar into the vending machine at work. Write it down when you give your son a quarter to buy a gun ball. Write it down. Write down every single time you spend money for thirty days. If you've never done this believe me. It will be very enlightening. It'll show you where your money is really going versus where you think it's going. I've had many people do this. Exercise over the course of the past twenty years and there are always surprises even for those people who think they know where every penny is going. So write down your spending and if you're in a family this includes everyone in in the family who spends money for the next thirty days don't question it don't dismiss it. Just do it. If for no other reason simply humor me and do it after thirty days. Figure you're out how much you make each month. And then use the information you gathered from tracking your spending as well as by looking at past records to calculate the amount you spend each month. Subtract the ladder ladder from the former. And what you have. Leftover is your monthly gap. And hopefully it's a positive number if your gap is negative low or simply in need of being increased to super charge your savings the only two ways to improve it or to increase income and or cut spending. And that's what we will discuss on this site ideas on how to increase income and decrease expenses how everything fits together over the past two posts. We've highlighted several personal finance basics. Here's how all the financial pieces his fit together. A budget allows you to see where your money comes in. And how much and when and where it spent. It's the mechanism for determining and tracking your cash flow your cash flow reveals the surplus income less expenses that you have each year to be saved and invested these savings and investments increase your net worth and over time allow you to become wealthy by tracking cash flow on a regular basis with the budget and using the information generated to make appropriate adjustments. You can take steps to significantly grow your net worth over time and ultimately meet almost any realistic financial objective. You set for yourself. Now that we've covered what makes up cash flow will begin discussing the key elements of it and the first two letters of this. Site's name earning war and controlling spending. This is where it really gets. Fun Sir Sir you just listened to the post titled The importance of tracking and managing cash flow by. ESI Of yes. I money dot com and a real quick thanks to anchor for hosting this podcast. Anchor is the easiest way to make podcast. They'll distribute your podcast for you. So it can be heard everywhere spotify apple podcast Google podcasts and many more you can easily make money from your podcast to with no minimum listenership anchor. It gives you everything you need in one place for free which you can use right from your phone or computer creation tools. Allow you to record and edit your podcast so it sounds sounds great. Download the anchor APP or go to anchor dot. FM to get started and by the way. If you're looking for our recommendation for tracking your income and expenses is you can find that at old podcast dot com slash track that's O.. L. D. podcast dot com slash track. And that's going to do it for today. Have a happy arrest of your Wednesday. If you're listening in real time and I'll see you back here tomorrow. For the Thursday show where your optimal life awaits.
1331: Spending Less Versus Earning More by ESI of ESI Money on Growing the Wealth Gap & Early Retirement
"This is optimal finance daily episodes thirteen thirty, one spending less versus earning more by Esi of ESI MONEY DOT COM and I'm your host and personal finance? Enthusiast Diana Mariam. If, you're listening in real time. Happy Halloween I. Hope You have some fun plan today and speaking of spending less a great way to save on Halloween costumes is to make your own i. think the cheapest Halloween Costume I ever wore was the year I decided to be the death of print media. I took a paper bag, cut some arm holes in it covered it with newspaper and splash some fake blood all over it. Law I thought I was so clever a total of zero people understood what I was supposed to be that year. So hopefully, you're homemade costume has a better return on investment. And if you're not following on instagram yet, I wanted to make sure you know that pretty much. Every Friday we've been giving away books to our followers take a peek at the book we're giving away today you can find us at O. L. D. podcast on instagram. But for now, let's get to today's post as we continue optimizing your life. Spending less verses earning more by Esi of ESI MONEY DOT COM. If you've been reading personal finance articles for more than ten seconds, it's likely you've heard that you need to spend less than you earn. But it goes way beyond that. That's just the sound bite. A bit deeper. There is a lot of online discussion about which is more important to financial success spending less or earning more. It's an age old money debate similar to paying off a mortgage versus investing more, which may never be decided. There are heated and valuable opinions on both sides of the issue. I'm probably not going to sway anyone one way or the other, and that's really not my intention. Anyway, I'd simply like to look at the two options and chat about them. Then the fun can begin you can give your two cents on the topic. Earn more or, spend less. Before we get started. Let me see that throughout this post, I use spend less and control spending interchangeably. I do recognize that they have different meanings but since they encompassed the same spirit, which is watch control manager spending I use them both. If you're part of the Internet word police, please forgive me. Now let's get started by looking at the pros and cons of each option. Earning more. Number One. Beaker potential upside to your finances. In theory your earnings are limitless though in practicality they are limited that said, I think people often have much more earning potential than they give themselves credit for. Number two. Allows you to enjoy more of life's pleasures while still saving. For instance, if you WANNA save fifteen grand per year, if you make a hundred grand, you have eighty five grand left over for vacations, hobbies, conveniences, etc.. If you make fifty grand you have thirty, five grand leftover. The higher income person can spend ton more and still meet their savings goals. By the way, this is exactly our life situation we saved a ton but since we have a high income, it also allows us to spend and give as we'd like. Number three? It takes longer to have an impact. It's not like you can go out tomorrow and earn an extra twenty thousand on a whim at least not if you don't WanNa risk jail time. Number four opportunities to earn more could be limited. Not. Everyone has the background time and skills to earn more or at least much more. While I do think most people could earn more the level of what that more is varies greatly from person to person. Spending less. Number one, it can have a quick impact on her finances. You can cut cable vacations and eating out to day and see positive benefits. Immediately, there aren't many other ways to see an instant impact on your finances. Number to. A greater number of people which is almost everyone can cut spending versus earning more. Some will argue that people earning below a certain income can't cut spending. I recognize this but a far greater percentage of people have the option to at least eliminate something then doing so these days. Number three. Spending can only be cut so much. There is a minimum cost of living for everyone and as you get closer to it, the benefits of controlling spending go down. As, you can see both options have their pluses and minuses. That's one reason the debate goes round and round and never really gets resolved. What is most important? But let's say we had to choose one as being better than the other which would be. If you say earning more than some was going to note that no matter how much you earn you can spend it all. So earning more without controlling spending is a waste. If you say spending less than someone's going to point out that many Americans are at an income level where they can't cut spending whether this is true or not. For any one individual it does make sense in theory if you make thirty grand a year and live in New York City, there's not going to be a lot of excess cash sitting around even if you're a miser. which leaves us at an impasse kind of let's see if you think this bridges the two. When starting out earning more is more important. You probably have a low income and there's not much room for savings. So you need to focus on growing your career and maybe developing a side hustle so your income will grow steadily. As your income continues to grow controlling spending becomes more important. Otherwise you run the risk of spending all those hard earned extra dollars. Is that sound to you? Both are important. The truth is they're both important and necessary to grow your net worth. In fact, the phrase spend less than you earn makes them both important because it interrelate the to spend less in relation to then you earn. What's most important is what I think. The heart of spend less than you earn is getting at the difference between spending earnings something I, like to call the gap in short, the larger, the gap, the better, and of course, there are two ways to make the gap larger. I bet you can guess what they are. Yup earning more and spending less to the extent that you can raise income but keep expenses level. That's good. And to the extent that you can keep income level but cut expenses. That's good too. But the real magic happens when you raise income and cut expenses this make sure gap as large as it can be and superchargers your net worth growth. Now some experts say you can't impact both he needs to focus on one to really make an impact. That's Hogwash. You can certainly do both. In fact, that's what most millionaires do they grow their incomes while controlling spending to make their gaps as large as possible. The then invest that cap and watch their wealth takeoff. How, to make the most of each. Okay. So both spending less and making more are important. But what's the best way to do each? There are obviously thousands of tips for saving and making money but here are the top options for each in my opinion. For saving money, you simply need to pick and choose where to be frugal. Decide what's important to you and spend on that in moderation. For stuff. That's not important cut as much as you can. This is a good balance between living and enjoying your life while also keeping costs low. I call it moderate and selective frugality. If you wanNA focus on exact ways to cut spending, get my free series on the fifty two best ways to save money. For making money. Your career is where it's at since it's your biggest financial asset by simply taking a few steps to grow your career you can make an extra million or two over the course of a working lifetime I. personally recommend a side Hustle as well. Since the number show would a huge difference one can make in your finances. If you concentrate on these simple tips, you'll be well ahead of most people financially and on your way to making your gap as large as possible. From there, you can pour gas on the fire to ignite your net worth adding another way to make money here and a big money saving tip their. Search. You just listen to the post titled Spending less versus earning more by Esi of ESI MONEY DOT COM. Thanks to anger for hosting this podcast anchors. The easiest way to make a podcast, they'll distributor podcast for you. So can be heard everywhere spotify apple podcast, Google podcasts and many more. You can easily make money from your podcast to with no minimum listenership anchor gives you everything you need in one place for free, which you can use right from your phone or computer creation tools allow you to record and edit your podcast. So it sounds great download the anchor APP or go to Anchor Dot FM to get started. I think another thing to keep in mind when considering earning more is the potential for burnout higher paying jobs and climbing the corporate ladder may mean more responsibility and time at work sue consider if the additional income is worth the tradeoff. And when it comes to side Hustles, one strategy to avoid burnout is to choose a side hustle. That is also just an enjoyable way to spend your time fun fact about me hosting this podcast is actually my first paying side-hustle. While the extra income is certainly plus more importantly, I'm having a ton of fun doing this when it comes to the debate about which is more important spending less earning more I have to agree with Esi here and say focus on both that certainly how I've gone about it I've got myself to a good place of keeping my expenses low especially in those areas of housing transportation and food. Now. I mostly focused on not letting lifestyle inflation creep in as my income increases. This allows me to continue to maintain and grow the gap between my income and expenses so I can save and invest the difference. Thank you for listening I. Hope You have fun with whatever you have planned for Halloween today and join me here tomorrow for yet another episode of optimal finance daily where your optimal life awaits.
977: Three Steps to Determine if You Have Enough to Retire by ESI of ESI Money on Safe Withdrawal
"This is optimal finance daily episode. Nine seventy seven three steps to determine if you have enough to retire by SL of Yes. I MONEY DOT com. And I'm Dan. I'm your host and welcomed optimal financial daily where I read to you each and every day from some of the best personal finance blogs on the planet and we always like to hear your ideas for future your shows so if you have topic requests please do share them at old podcast dot com. That's L. D. PODCAST DOT COM and before we get to today's post. I WANNA thank thank fundraise for their support. fundraise enables you to instantly access high quality high potential private market real estate projects from high-rises in DC. To multifamily family apartments in L. A.. And each real estate project is carefully. Vetted and actively managed by fundraisers team of real estate pros. fundraise is the future of real estate estate investing so visit fundraise DOT COM slash O. F. D. that's F. U. N. D. R. I S. E. DOT COM slash ft to have your first three months of fees waived for now. Let's get right to our posed as we start optimizing your life size three steps to determine if you you have enough to retire by ESI. Of yes I'M MONEY DOT com. I've posted a ton on retirement including how to retire early whether a million dollars ours is too little to retire or not and how three million dollars is not enough to retire but those posts tend to be how to's with general suggestions today. I'd like to get more specific and provide a roadmap for those wondering if they can retire or not a way for them to calculate their numbers and see where they stand so with that. Let's begin detailing the three steps to determining if you have enough to retire. Step one estimate your retirement expenses this step sets the baseline for what you'll have to overcome to retire if you've had a budget throughout the years and or attract your spending in any way estimating your retirement expenses will be easy. You probably already have a good sense of what things cost. And may have years of exact spending data to us in setting retirement costs. We have over twenty years of spending saved in quicken so this was a breeze for us. If you don't have any historical oracle results you'll need to get some eventually so set up a system like quicken mint et Cetera to track spending and get some actual data until then you can estimate by looking at past Checkbook Checkbook Bank and credit card statements simply list. What you plan to spend by category food clothing home entertainment etc over? The first three years of retirement beyond three years is difficult. Estimate you can do this by year. Quarter or month and use whatever format works for you paper spreadsheet computer program at Cetera. We use a spreadsheet enlist costs by category and by month then at the end of each month I save a new copy of the previous month. Sheet Lop off the month that has passed and set that new projections based on more current Info. This gives me a completely up-to-date budget every month and allows me to make adjustments where needed easy peasy doing this. You'll get an annual annual spending number. This will be your retirement. Target step to determine how much retirement income you can generate calculating retirement income can be difficult since there are so many variables that go into it. L. Focus on the basics that likely applied to most people these are one total assets less any debt on them. Obviously obviously the higher this number the better to the amount of income these assets can generate or said another way the income generating return rate on these assets. Three whether or not you want to draw down your assets in retirement for example using the four percent rule. We've discussed here quite a bit. Seem I post how to retire on a million dollars dollars or less if you want more specifics and for extra income from a side hustle. Once you know these you can get a decent projection of retirement income. I'll run through a few you examples to show what I mean. High income generating assets. Let's begin with Bob and Sally who have the following finances two million dollars in assets. It's half in real estate and half index funds. The real estate earns eight percent in income per year while the index funds are in one point five percent in dividends. Here's what Bob and sally could earn and retirement. If they didn't want to draw down their assets they would earn ninety five thousand dollars per year. That's eight percent on the one million in real estate and one point five percent on the one million in index funds. If they did want to draw down their assets they would earn one hundred twenty thousand dollars per year eight percent on the one million in real estate and four percent withdrawal on a million in index funds. Not Bad right. They have a good amount of assets and a good return rate especially on the real estate which allows them a healthy retirement income come lower assets and lower returns now. Let's look at Ben. Ensues financial setup one point five million dollars in assets all in index funds the index funds. Earn one point five percent dividends. Here's what Ben and Sue could earn retirement. If they didn't WANNA draw down their assets they would earn twenty two thousand five five hundred dollars per year. That's one point. Five percent on one point. Five million in index funds. If they did want to draw down their assets they would earn sixty thousand per year four percent percent withdrawal on the one point five million in index funds. Their assets are lower. And they don't have any that generate high return rates so their income is much lower than in the first example the low assets and low returns. Now let's look at what Bert and Sarah have available. Seven hundred fifty thousand dollars in assets all in index funds the index funds are in one point five percent in dividends. Here's what Bert and Sarah could earn an retirement. If they didn't want to draw down their assets they would earn eleven thousand two hundred fifty dollars per year one point five percent on seven hundred fifty K. and index sons if they did want to draw down their assets they would earn thirty thousand dollars per year four percent withdrawal on seven hundred fifty K.. In index funds fewer assets and lower returns equal lower retirement income low assets low returns and a side hustle. Now let's see how things change if you add in a side hustle so same example as the last one bird and Sarah have available seven hundred fifty thousand dollars. In assets assets all in index funds the index funds earn one point five percent in dividends. Only this time they also have a side Hustle that earns them twenty thousand dollars a year. Here's here's what Bert and Sarah could earn and retirement. If they didn't want to draw down their assets they would earn thirty one thousand two hundred fifty dollars per year one point five percent on seven hundred fifty K.. Okay in index funds plus the side Hustle of Twenty K.. If they did want to draw down their assets they would earn fifty thousand dollars per year. Four percent withdrawal on seven hundred hundred fifty K. in index funds plus the side Hustle of Twenty K.. Big Difference from their non side-hustle results This is why having a side hustle can make such a huge difference. It's in retiring both faster as well as with more retirement income. I think you get the idea. There are a myriad of different outcomes based on various levels of assets and what those assets assets could earn. This is why you need to use your own numbers to calculate your specific returns. Once you do calculate your numbers you'll then want to add in any other income from pensions annuities post retirement work businesses part-time work etc to get your total retirement income step three compare income to expenses expenses. Now compare the numbers from the first two steps. If income is greater than expenses. You are ready to retire. Of course you want to leave yourself some margin of safety so the wider the spread the better if the expenses are greater. You still have some work to do. Options include one save more from your current income and add to your assets to redeploy assets to get a higher return rate one that gets you closer to covering expenses or even puts you over the top and three develop new sources of the battery income or make current ones higher for example start a side hustle or invest in one. You already have so. It turns off more income. Once you get to the point where income is higher the expenses. You have enough to retire. Certain you just listened to the post titled Three Steps to determine and if you have enough to retire by Esi of Esi Money Dot Com and thank you again to fundraise for their support. COME BY FUND RISE DOT COM Slash Zhou. FD To have your first three months free. Private market. Real estate has historically provided excellent ongoing cash flow even as it supports long-term growth private market assets sets like these are a strategy for diversifying beyond public market investments and even other kinds of real estate like publicly traded reits and fundraise is the future of real estate date investing the platforms innovations power and investor. I model by eliminating the bloded costs and middlemen that have traditionally weighed down real estate investing saving investors time time and money. That's why it's frequently mentioned as a recommended tool in the blogs that I narrate here unparalleled transparency and real time reporting that you see how the development of specific civic properties impact your overall portfolio so come check it out visit fundraise dot com slash O. F. D. that's F. U. N. D. R.. I S. E. DOT com slash slash F._D.. To have your first three months of fees waived and that's it for today thank you so much for listening. Have a great rest of your day and I'm going to see you back here tomorrow. Where your optimal life awaits?
1289: What is the Definition of Financial Independence by ESI of ESI Money on Personal Finance Freedom
"This is optimal finance daily episode twelve, eighty nine. What is the definition of financial independence by ESI OF ESI MONEY DOT COM and I'm Dan I'm your host and welcome to another edition of Optimal Finance daily where I read to you from some of the best personal finance blogs on the planet. Happy. Saturday to you and Happy Rosh Hashanah you're celebrating Shana Tova thanks so much for listening in I've got a post today from ESI ESI money and I'm GonNa keep this weekend intro nice and short for you. So let's get to it as we optimize your life. Sir. What is the definition of financial independence by es I of Yes I'm money dot com. Summary. This post answers the question what is financial independence by providing a workable definition for the phrase this post was going to be about the key factors people need to consider and manage to achieve financial independence, but we're going to have to save that for another time. The reason we're going to have to wait is because I'm not sure what the definition of financial independence is. As I started to write the initial post, I looked up the definition on Google and found there actually is no single definition. There are multiple definitions with slight but meaningful differences. So on this post will work on answering what is financial independence surely, all the smart people that read this blog we can figure it out right. The many definitions of financial independence. While I did find a variety of meanings for financial independence there are really two that seemed to be competing for the definition of financial independence. So let's begin by reviewing the one I like the best. Here's the definition of financial independence I agree with most from the think save retire blog and for your information the post also lists how other bloggers defined financial independence. For me financial independence is simple. It means that you are not beholden to a job to provide for your livelihood instead your wealth support, your lifestyle, the key to this definition to me are you do not have to work you can choose to if you like, but it's not required. Your expenses are covered by your assets, the income generated by them, drawing down or spending your assets or a combination of both and your assets cover your expenses indefinitely this is not stated outright, but to me, it is implied for instance, if your assets cover your expenses for three years, you're not financially independent under this definition or in my book either. This is also the definition that retired by forty uses as follows. Financial independence supporting our lifestyle with passive income and sight hustles while minimizing withdrawal from our savings. He does throw side hustles in there which I don't think is needed but generally we're on the same page but there is another point of view out their. Income only financial independence. The second major definition I ran into similar to the first but different in one key measure wikipedia explains it as follows quote, financial independence is generally used to describe the state of having sufficient personal wealth to live without having to work actively for basic necessities for financially independent people, their assets generate income that is greater than their expenses. For example, a person's quarterly expenses may total four thousand dollars. They receive dividends from stocks. They have previously purchased totaling five thousand dollars quarterly while also having more money and other assets. Under these circumstances a person is financially independent and quote. In other words, you are not financially independent unless income from your assets covers your expenses. It doesn't matter if you have enough assets to cover expenses, it's income that is the key. But it's a bit confusing as there's a whole lot to consider in their definition. Having sufficient personal wealth sounds like they're initially okay with the wealth and not income definition of financial independence. Work actively, is there inactive work? Do they mean passive income? Basic necessities is this different than living expenses? The. Appear to agree with the first definition except they do not allow for the draw down of assets they say to be financially independent income from your assets needs to cover your expenses. This is the same concept promoted by early retirement extreme. The blog that was a key part of bringing financial independence to the mainstream. Here's what he says. Financial Independence is defined as being able to meet all current and future cash outflows with passive cash inflows. Again. No use of assets allowed. Money boss J D Roth you may remember him as the guy who started get rich slowly built it up to a huge blog then sold it for a gazillion dollars agrees with them. He says, financial independence is the ultimate goal for most folks at this stage, your investment income is sufficient to fund your current standard of living for the rest of your life. You can afford the basics, but you can afford some comforts to you have enough. So. Jd agrees with the income covers expenses, definition of financial independence. My take on financial independence. I. Completely Disagree with the definition that does not allow for the use of assets to be financially independent, and here's why considered this extreme example a guy has a billion dollars in assets and no debt his assets generate no income his annual expenses are a hundred thousand dollars. Is He financially independent? I'd say he is at one hundred K. spend per year it would take him ten thousand years to spend everything I. think that's well past how long most people live? Even at spending a million dollars a year. He'd have enough for thousand years. Certainly he's F I write. That said your assets generate enough income to cover expenses could be considered A. Form of financial independence, it gives an added level of freedom because you never have to worry about your assets running out since never used only the income. This is the type of financial independence I have, but I still believe the first definition is a better one. How I define financial independence. Taking all this into account. Here's my definition of financial independence. HAVING WEALTH TO COVER EXPENSES INDEFINITELY We could throw in without having to work if anyone likes but I think it's implied I also don't think it has to be only from income, but could be from assets to so that's why I didn't qualify it. You just listened to the post titled, What is the definition of financial independence by ESI. Of, ESI MONEY DOT COM. And a real quick thanks to anchor for hosting this podcast anchor is the easiest way to make a podcast. They'll distribute your podcast for you. So it can be heard everywhere spotify, apple podcast, Google podcasts, and many more. You can easily make money from your podcast to with no minimum. listenership anchor gives you everything you need in one place for free, which you can use right from your phone or computer creation tools allow you to record and edit your podcast. So it sounds great download the anchor APP or go to Anchor Dot FM to get started. And that's going to do it for today. Hope you have a great day and agree weekend and thanks as always for listening I'll be back here with you tomorrow, and that's where your optimal life awaits.
948: How I Lost Millions by Retiring Early by ESI of ESI Money on How To Achieve Financial Independence
"It's a minimalist Monday edition of Optimal Finance daily episode nine forty eight how I lost millions by retiring early by Esi a of ESI MONEY DOT com and I'm Dan I'm your host and narrator of some of the best blogs on personal finance hope your week is off to a great start and a quick heads up day thank you as always for listening and I'll see you right back here tomorrow where your optimal life awaits so sixty five it is given this we have our answer I gave up thirteen years of income estimated salary now that we know the number of years I missed is in your life how I lost millions by retiring early buy yes I of Yes money dot com I've been thinking about this issue for some time now and since I had fun digging into my financial independence numbers I thought I do a few more math jumped to I should write about that and here we are so let's do some math and see what I've given up before we do that we need to make some assumptions downshift almost on instinct I asked her what she thought I gave up when I retired at fifty two since I made five times what my dad makes from there it was just a short as your credit score repairing your credit can be hard calling credit repair DOT COM incredibly easy call credit advisor today and let them help you rewrite your gymnastics to see how much I had lost by retiring early I considered this idea a while ago but what prompted me to finally write about it was a conversation with my mom credit story head over to the Lincoln our show notes to sign up today for a free fifteen minute credit analysis for now let's get right to our Monday post and start optum port it's not just their name it's literally what they do and it's more than a one time credit repair credit repair. Dot Com understand that credit scores are lifestyle we all deserve an accurate and fair credit report so let credit repair DOT COM help you out they work with you to check challenge and ultimately chain sixty which was my original early retirement projection. I could've retired at sixty five the official retirement age for what seemed like forever or I could have retired at six as we were discussing this she told me that my dad said he wants to retire but just can't give up all the money he'd make he owns his own business and has been doing well despite trying to time frame the first set of assumptions is probably the easiest how long would I have worked if I had not retired at fifty to a few choices I could've retired at eighty seven the social security full retirement age where someone born after nineteen sixty for the purpose of this exercise. I'm going to pick sixty five if I used sixty that's still early retirement and we're trying to figure out what I would have made had I not retired early if I used sixty seven it just seems like it's too old I would never wait that long to retire she and my dad had been working on retiring for some time now there are no hurry though and things that could be done in days or weeks taking the months I'm wondering if they will ever retire oh one K. matching and health insurance otherwise we could go down a huge rabbit hole with one assumption after another until the whole premise became a joke I know my earnings wouldn't grow at the rate we need to project what salary I would've earned during those years I'm sure you know this is going to be a relatively high number because a worked hard over the years to grow my income and be the fifties our peak owning years for many especially those in business I want to include only salary and likely bonuses not the value of benefits like four same exact format and just a couple more posts to help get you through the week hope you enjoy those before we get to our post I wanNA thank credit repair dot com for their see they had up to the point where I retired so I wanted to pick a single number and use it throughout the entire time I also wanted to be conservative if anything in other words what I see thirteen years I ended up selecting two hundred fifty thousand dollars per year as the cash compensation I gave up for what it's worth my average cash compensation for the last truly lost is probably higher than the number will end up with in this exercise given where my salary was when I retired and the sort of jobs I might want to take during the lost of years I worked averaged just over three hundred K. annually by the way for those wondering why anyone making that salary took so long to retire remember one I didn't take that much all my working years it took twenty eight years to get to that level and two while we didn't spend much taxes and giving took almost fifty percent of our earnings on the high end we could use one hundred percent less taxes since I make enough from other sources to cover our living expenses taxes took an average of twenty one percent how much would I have saved the assumptions I just ran through mean that the gross amount I gave up was three point two five million dollars that's thirteen years times two hundred fifty thousand but how much of this would have saved on the low end we could use thirty six percent of gross income since that's what we averaged during my working career Tobar income while I was working so this means we could have saved seventy nine percent of the total so the number is somewhere between these two I'm going to go with one smack dab able this means that we would have bank one hundred forty five K. per year who are one point eight five million during those thirteen years how much is that worth of course we wouldn't have literally banked that money we would have invested it so the next question is what is the value of one hundred forty five thousand dollars invested at a given percentage in the middle fifty eight percent of the total we would have probably given some of the seventy nine percent away and we would have been a bit looser with our spending so fifty eight percents seems straight over thirteen years this only requires the selection of one new number the return rate in my case. I'll use eight percent as that's been my go-to assumption return for years now it's a simple calculation one hundred forty five K. invested at eight percent return each year ends up being worth three point one million at the end thirteen years so that's the answer I gave up three point one million dollars by retiring early so what do I think that there are two main thoughts I have on this could do and two it was totally worth it there are several reasons it was worth giving up over three million dollars one. I do not need another the three point one million it would not change how I live my life very much if in any way at all so what's the point I've already won the game so I need to quit playing it too one that's a lot of money three point one million is nothing to sneeze at it's less than my net worth now but it would still be nice chunk even if I gave it all away think of the good I probably bought myself some years they say that money is replaceable and time isn't so time is more valuable but there is one way you can get some time back stress if nothing else my quality of life would have been lower probably much lower through less time with family but not having to work thirteen years might add what an life enjoyment in retirement versus thirteen years of life enjoyment if I remained working especially in the last thirteen years of my career what is that life enjoyment worth on the opposite end of the spectrum I believe I heard a wealthy man I thought it was Warren Buffett but I can't find the quote say he'd give away everything he owned for just five more years of life can live longer what would thirteen years of stress from terrible bosses cost me in terms of life even if I had the best of bosses in the best of jobs they're still a lot at that level living an extra two years worth way more than three point one million dollars and three what's enjoyment worth imagine thirteen years extra two to three years to my life yes there are studies that say early retirement can lower life expectancy but I think those pertained to people who have zero interests collections late payments charge off leans bankruptcies and repossessions millions of Americans have inaccurate or unfair negative items wrongfully hurting their score in the end I would say that I lost three point one million dollars by retiring early and it was the best three point one million I ever spent what am I going to be able to do that I would miss out on if I was working I've already got a fairly good list of these things just read my retirement updates is that worth three point one million repairing your credit can be hard calling credit repair dot com incredibly easy call a credit advisor today and let them help you to rewrite your credit story you just listened to the post titled how I lost millions by retiring early by Esi of yes. I'm money Dr Tom and thank you again to credit repair dot com you can get a free fifteen minute credit analysis with the link in our show notes credit repair dot com can help with this is something we hear about on this show frequently and recently in fact and there's a reason they're called credit repair dot com it's literal they make it easy to stay connected to your credit repaired journey and help achieve the goals you've said in the process previous members have seen an average forty point. Trans Union credit score gain during four months of membership if you just came back from the weekend and you're confused because you saw three new episodes instead of just one for Monday that is because I've actually started recording weekend episodes as well head over to the Lincoln our show notes to sign up today for a free fifteen minute credit analysis and that'll do it for another addition of optimal finance daily. Hope you have a great rest of your.
928: Ignore Money Critics by ESI of ESI Money on Building Wealth on Your Own Path
"This is optimal Finance Daily Episode Nine Twenty Eight. Ignore money critics by ES. I E SL MONEY DOT com and I am Dan. I'm your host and and welcome to another edition of Optimal Finance daily where I read to you from some of the very best personal finance blogs on the planet and before we get to it investing can be pretty hard art confusing especially with ticker symbols and charts flying back and forth on business channels like it's the runway at lax but why should something so important to your family's family's future be left up to the talking heads on CNBC enter the Motley fool they give you straight talk without the fancy jargon and noise they are used to their flagship service stock advisor gives you two brand new stock recommendations every month with daily analysis and coverage coming directly to your inbox daily. So what are you waiting for for go to. WWW dot full dot com slash optimal finance daily to learn more and to claim an exclusive discount only for listeners for now l. Let's get right to the post and start optimizing your life. Ignore money critics buy yes. I of the SL money dot com a while ago. I published millionaire interview six as I often do. I shared the post on facebook. One person made this this comment quote honestly not overly impressed. Yes a millionaire with home equity and a good job but keeping most of his money in cash the last three years if that was invested in the market his net worth would now be one point seven five to two million playing way to save and quote. I've seen this before someone who is willing to criticize criticize others but it's probably nowhere near their level of financial success so I responded as follows. Are you doing better if so I love to interview you you for. This series interested. He responded with quote. I assume if there's a place to comment that one can do so without being attacked. I was not rude. I just stated dated that few if any millionaires sit mostly in cash thereby missing three years of a great bull market that could have brought his net worth much higher this guy's fantastic income made him millionaire along with the basic rules that we all follow to make that number such as living well within our means super saving maxing out 401k's driving cheaper or used cars and and so forth I am doing fine financially and quote I do give him credit for responding since my experience that most people won't I replied with the following quote first of all you were kind of rude. You were not overly impressed. That sounds rude to me but it doesn't really matter second. You were not attacked act in any way. I simply asked if you were doing better. I assumed you were since you were critical of a millionaire. Why be critical unless you're doing better. I can't imagine anyone doing that so since since you'd be doing better I wanted to interview since you'd be a millionaire to none of that sounds attacking to me end quote. I got no response from there. A million in dollars is nothing. This sort of person is a money critic. They criticize others their net worth so how they manage money and the like and in ninety nine point nine percent end of the cases. The critics have very little wealth personally. I know because I've engaged sort of person for years. My former blog had tons of them as commenters they especially especially like the mantra that one million dollars isn't that much or one million is easy to have these days or some other comment along these lines being the person I am. I can't let let things go so I'd always ask if they had a million or more themselves if they did. I wanted to interview them. I can't remember a single instance where the person responded that they did. I did have a net worth over one million dollars. I thought not a million is not worth what it used to be. That's not to say that one million dollars makes people fabulously wealthy. It did a couple of centuries ago when the term was first used in fact depending on how it is calculated a million. US dollars in nineteen hundred is equivalent to twenty eight point eight million in two thousand sixteen but it isn't too shabby either. It's hard to tell how many millionaire there are because there are various definitions of millionaires like one million dollars in assets. Ed's one million and net worth a million net worth excluding primary residence a million in investable assets etc but wikipedia comes up with this quote millionaire households thus constituted roughly seven percent of all American households and quote given that America is the wealthiest nation on earth. It's probably safe to assume that the the world's percentage of millionaires is below seven percent so looked at another way. Millionaires are better off than at least ninety three percent of the world's population. This is what caused is me to write a post several years ago titled a million dollars isn't what it used to be but it's more than most people have it was addressing those critics who poop who others who are far wealthier they are relatives can be money critics to do you know who I get the most financial advice from relatives and these are relatives who have far less than we do as they share that too and yet feel compelled to tell me what we're doing wrong and how it should be done. I want to reply with something like one of us is wealthy and it's not you so you may want to reconsider your thoughts but that would not be kind. They pontificate on everything from how to make more money to how to invest two how to retire I'm already retired. I don't need advice on how to do it. I usually let them go on with an Aha now and then and they eventually move onto another topic makes them feel better about themselves. I think people who make snarky money related comments and offer their unwanted advice to those who have far more assets than they do is that it makes them feel better better about themselves. What else could it be. They aren't being helpful. They're just criticizing what someone else is doing. In the first case I mentioned someone is criticizing. Another person who likely likely has way more wealth than he has yes. Perhaps there are moves that could be made to make things better but he's doing better than most including the commenter and there's a nice way of saying hey you might want to consider this or maybe it's just the anonymous. Internet effect. It's not the critic who counts these various episodes always make me think of this quote from Teddy Roosevelt. It is not the critic who counts not the man who points out how the strong man stumbles or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena whose face is marred by dust and sweat and blood who strives valiantly who heirs who comes short art again and again because there is no effort without error and shortcoming but who does actually strive to do the deeds who knows great enthusiasms the great devotions agents who spends himself in a worthy cause who at the best knows in the end at the triumph of high achievement and who at the worst if he fails at least fails while daring greatly so that his place shall never be with those cold and timid souls who neither know victory nor defeat and quote the critics do exist best but they do not count that benefit goes to the person who actually does something and achieves the results so consider this a reminder not to pay attention to the money critics. Keep on your path making some progress every day and you'll do quite well in the end well enough to eventually say one of us is wealthy and it's not you so you may you want to reconsider your thoughts you just listened to the post titled. Ignore money critics by ESI. I of ESI MONEY DOT com ever wondered how to invest or struggled to understand how to make your money work for you. You'll probably want to hear about the Motley fool then the Motley fool was founded twenty five years ago in a garage by brothers Tom and David Gardner in those twenty five years. Motley fool members got access to recommendations Asians like AOL in one thousand ninety four before you've got mail was a movie Amazon in one thousand nine hundred seven before Prime Day was a thing Netflix in two thousand four your before you are binging stranger things and marvel now while Disney also in two thousand four when Toby Maguire was still spiderman every month Tom David David each pick a stock and provide a deep dive and analysis exclusively for members of their stock advisor. Service members get exclusive access to the stock advisor website with daily updates that cut through the noise of the financial market. So what are you waiting for go to. WWW dot full dot com slash optimal finance daily to learn more and claim an exclusive discount only for listeners and that is it for today. Thank you so much for listening and I will see back here for tomorrow's show. That's where your optimal life awaits.
Facilitating A Touchless World with RRDs Ken OBrien
"Many times over the last year visited restaurant and sitting at the table. Right in front of you was barco. And that led you to all the information. You need from drinks to desserts entrees and everything in between that simple code unlocked. A handful of opportunities experiences. All technologies are exists within your phone but more than two billion cure see in. Nfc enabled devices in use today including the cell phone. You might be listening to this. Podcast on in the midst of a global pandemic your coats of undergone a renaissance in companies. Such as our d- are rushing to meet your needs. We create those touch points. Something triggers new experience. And that can happen way before you get to a payment machine that can happen on a label on the outside of a product on signings outside the building on of host in front of a parking space. Any number of different ways where a individual can engage a device where they are basically triggering a touch of experience making smartphone smarter user experience better through taps snaps or scans is already as latest piece of communication technology. Touchless world ken. O'brien is the mvp. An cio of are d a leading global provider of marketing and communications. In while you might not think ardy is known for its transformational technology. You'd be flat out wrong. On this episode of it visionaries kendra provides context. For how are these touchless world operates in how this company is helping its clients leverage esi technology to deliver seamless customer experiences plus. Ken dives into the challenges that company currently faces including how it's managing its technology debt. After being in business for more than a century i t visionaries is created by the team at mission dot org and brought to you by salesforce platform the number one cloud platform for digital transformation of every experience. Innovate fast empower every employee and skill with confidence from anywhere with a customer at the center of everything you do learn more at salesforce dot com slash platform. Welcome everyone to another episode of it visionaries and today we have vp and cio of already. That is r. donnelly. Ken o'brien ken. Welcome to the show. Thank you yeah. Just drop three acronyms right out the gate now. We joked about it beforehand. But i do want to talk to you a little bit about it. Tell the audience. What are donald or now are is because i feel like a lot of us have seen possibly the name of the business in other parts of our world our lives or maybe on linked in. But i don't know if everyone knows what are donnelly does it give us an idea of what r. Donnelly is involved in. Were already now. That's fun because usually when you're already somebody says what they do. I'll say i work for are dominating. They say the phone book people. It's that's what i thought. The phone book people burpee are still one of the world's largest communications man. So when you think about that it really ranges from anything That comes in the mail. It's on packaging of things that you get online. We send out billions of a digital communications and it's for all kinds of companies. So you think beat a. We're sending out. Bank statements healthcare documents and on the other side of that. We're helping manage communications for retailers and their stores packages that they send out and then you go a little bit deeper you. We see us getting involved in things. Like packaging design We are probably one of the larger distributors of cohen test. Kids right now. So we have a pretty significant supply chain management's a service and then Internationally you we help with the business. Process outsourcing india. We have a significant Packaging business out of china Just a little bit of everything that that sort of falls into that big category of communications When i say communications people think phone companies or network companies. No it's it's really a lot about printing communications. You read all around you all the time. Yeah so if we take a look at the website it talks about services and business support marketing data insights print creative it a bunch of software products that looks like acuity cloud connect one. We'll talk about those in a little bit in the industries. You got the game at financial services grocery healthcare quick serve retail travel hospitality. So let's give our audience an idea of the scope size and scale because this is a massive company. We looked on lincoln's over twenty thousand employees so huge company but give us an idea of the size and scope of like the projects. You guys engage in so when you say you want to print something and distribute it a lot of people think. Oh yeah. i'm going to bring some flyers to like a To a trade show. No no no. You're doing something a different scale. Give us an idea of the scale customer. What your customers are attempting to accomplish with artie. It's interesting we say that we we actually do support a lot of small businesses when it comes to everything from wires to direct mail Wheat will absolutely prison print flyer where your local soccer team but in the larger scope we process in the buildings so you think about probably the top four hundred fortune five hundred companies. We help them manage their medications. At some level a we hold on for instance in our repositories twenty billion digital documents that consumers access through their banking institutions or through other or large organizations that they work with so on an annual basis. We are one of the largest clients of the postal service. Were probably one of the largest clients of your biggest logistics companies in terms of what we produce and send out it is a massive scale it one time before we split the company re representatives masses. Have what arrived in your mailbox every day. So that's the kind of scale review with In terms of long of production. So give us an idea what that means for you as a cio of this company because the one thing. I'm very familiar with in media. Production right now is that the projects are huge. They're typically quite private. You're talking about distributing this information across. I don't know how many manufacturing facility got you got customer engagements most. Cio's we work with or talk on the show they've ultimately had to build. Let's say solutions that because nothing out of the box solve what they needed. Talk to me about your role as a cio. And what does it mean. What are you most actually maldon. Is it just connecting all these pieces. It's building custom software solutions to implement service the lines of business that you guys have an idea of what you're up to i think The challenge for our industry comes on two different sides. One we are in have been for many many years. The leader one of the leaders. At least i think probably the more technically advanced leader in our industry trying to break that new ground. How do we do that. Transition or make that transition safe from physical printing products digital communications. And so we do have a lot of first-time custom type solutions that we've built over the years and as i said i've been with the company for twenty five twenty six years now so there's been there's been a lot of change in our industry in a lot of that has come through the advancement or innovation through technology. So we have had a wonderful opportunity to do that now. My role at r. donnelly. I'm responsible for all technology across the glow and we are an international organization. We have manufacturing facilities around the globe largely in the united states but around the globe and part of our challenge of course is we work with clients that are also international. So they want us to be able to move communications or move. Data and produce. Communications are on the globe seamlessly so one of our challenges is making all that work tying all of that together so that can leverage our scale in our capacity of our facilities around the globe. That's been one of what. I call the internal challenges. It's making sure that our clients never see us struggle to produce the scale of of material that they want us to produce the other challenge. We have is. We are also a company that has been made up of a number of acquired entities over the years as you would expect. There's a lot of consolidation in our industry so we have a lot of technology debt. And that's that's one of the challenges we have to work through is to not let that technology debt of being encumbrance to us be a hurdle that we have to overcome to advance the organization to continue to differentiate us in our marketplace in differentiates again largely using technology in an innovative solution. So i get to play on sides of that which is a little bit of a challenge. I will admit any day that. I like the the ford piece of that like the innovative piece of that more. But it's very very necessary for a company that has hundreds of locations is a Conglomerations of dozens of acquisitions that we have to work through all those some historical and technology that's been brought up the organization over the years. That's part of who are so. I think that's really maybe the best way to describe the role is i have to play on both sides of that. Yes so let's talk about both parts. We'll talk about the less fun part. I which is the the bringing in a new business. Because so in my past i worked as a consulting group that did europe. Consulting and i remember. We worked with a company that was acquired. Another one I mean it's fine. Statue of limitations is over now so acco brands had required. Gb binding company. And i remember the goal was okay. So we're going to use the same. Aarp miss said no. We're not as what do you mean it's like we're going to continue running the as two separate entities for whatever period time we're going to slowly phase it in and then i was thinking well that means you need to run two instances of at bare minimum accounting accounting and inventory. The garden two separate instances. And you're going to have to somehow manually. Combine this like well. We're going to build an interface and pull this data together and then that interface will combine it now. I was thinking to myself the sound like so painful. But why is it hard. Give give our audience. Because our some understanding. Because i think a lot of our audience might be Cloud native where maybe merging technologies as simple as. We just moved to the same software stack. But no you guys have technical limits. You have physical. The typically infrastructure system limits get ninety. A why this is a challenge. Well it in Great question. Because i think it is often misunderstood in too often by our own organization. Said said okay. Look we're gonna really student these together you. It people you'll make it all work it up by some seats stars with Obviously the diversity of technology and you as you know you may have your mainstream applications your core allegations and it could be your erp or m peers your hr systems in those tend to be the ones that are more often than not standardize. -able that's the word and you have a faster path to that because you do usually have a core platform that you're trying to move to the challenge of course becomes all those other systems that are on the perimeter or have been built in custom shops over the years and trying to make those work together and then those make those with your erp and build those interfaces into that. And then here's the big kicker many times the systems that you have are tied into your customers environments and your customers or your clients. Don't wanna switch. They don't want change. They don't care that you want to get to one refine earpiece. They wanna use and work with you. The way they've been working with you for the past five years so now you have a standardization initiative that you'd like to go through centered in on court platform core technology you to move the organization to and you think hey on my own i could get this done in twelve months eighteen months. And then you find yourself three years later still pounding away because you've got three clients that your best and most profitable clients who've said gonna wanna do it. What's your answer to that right. Your answers that is absolutely. I appreciate that we're gonna do exactly what you want as your best and that's been our reality for years you think about the diversity of our client base. We deal with the majority of the fortune. Two thousand the majority of fortune. Five hundred and thinking about the diversity of that universe and how often that group of of clients changes and we have to service them it's not about servicing us and bats. Really i think the core of the challenge for us is is really doing all the things we want to do in concert with our clients. So i'm going to just kinda share a little bit of my experience with that what you're talking about. In this case it was a hotel operator. Major hotel operator publicly traded hotel company. That also sold franchise's so i can just envision this you're talking about like an order management system where ordering let's say their materials that they need for top rate their business. They probably have some type of system every franchisees probably using that system. They've probably been selling uniform franchise orders talking about a scale of. Let's say let's imagine it was like four four thousand and four thousand hotels. Let's say they were. You know a couple of hundred probably businesses that operate those four thousand hotels all using system. So i can see that it's going to be pushed back to say okay. Don't change it on us. in fact i remember. They talked about like one of their top technologists. Talked about the key to winning inside of our org when it comes to outside vendors is like reliability. Act that you won't change because they don't wanna to change with every change you make. That's that's one of the guys told me right and and that that's what makes the second artist. You may not be builder yet. i'm gonna. I'm gonna teach. Yeah let's go there. That's what makes the second part of this so important. Because how do you make that happen. You have to give them a better mouse that you have to convince them that. The technology unmoving you to as the right Advantages the right kind of capabilities. That are going not only help us. Different shake them in the marketplace. So it is a new limb sake. Princeton's label solution for the touches world. Or it's a new high of digital document or interactive digital interactive bank statement for instance or interacting utility bill that they can now move to that new technology platform and create a different experience for their customers. When you make that happen you connect those dots. Now we've got a reason for them to move and they're much more willing and motivates move whitten but that's why those through thinks after work together far more often we find ourselves in a position to say okay. I'm gonna make it worth your while. Because here's something new on to provide on top of the new platform it's gonna make you better your clients. That's when we've seen him celebration so do you. Typically you know when they always talk about software development that they want to do some. Maybe some user testing kind of launch versions and get some feedback. Is that how you guys approach it or do you guys say listen. There's gonna be tuning businesses. That can be too many opinions here. We're not going to get a real true answer. Let's just go ahead and develop the software and then cooperate them in. How do you go about this new level. Let's say transformation the little bit of both that has to be. If we waited for to get everyone's opinion we would would never get anywhere and certainly sorting through the diversity that we make an impossible. But you also have what i would call enabling fine. You have those clients bait themselves on the leading edge or they've themselves or pushing bruno's face in the market and so you are -bility to align with them get them to provide feedback and insights into what they believe. That user experience should be good. Be that that's always a better place for us to be the launch new technology again to your point bringing everybody into that equation is probably not factual but we absolutely in gave some of the larger customers or even lines. That might be smaller but considered innovative. So when you're in the big movements you're starting to see customers demand of you or that are happening in your industry. What are some fundamental shifts. That are happening right now. Yeah great question Versus four most is the user experience. I've been you know call flying experience however many so many different acronyms that were using out there for the experience of the consumer the end client. But that's not just brand consumers. You think retail. that's for everybody. That's for students in education that's per patients in healthcare. That's four tellers and floor. Managers for financial institutions is. What is that experience. How can i make that as not just easy as possible using be easy but now it's more aligned with what they're trying to accomplish in and do they feel like that they've engaged in a level where they understand. They've accomplished what they want to accomplish. And for most businesses. You're now taking them to the next place where you want them to go from here. And that's a lot of what clients are asking us. They certainly are still as you would expect a lot of times. That we're hearing from our clients. Do something to cut costs must do this. More economically Some automation in that makes this cheaper for us. To and it's not to be from that perspective a lot easier for us and i think that there's always gonna be that underlying client interactions. But if you really wanna know what makes our bills. What i call the right built. Bridges and relationship of our clients is the innovative. That says change my experience. Make make back better the other big things. I think you're gonna you're gonna hear continue to hear more about certainly digital payment platforms digital transactions. You heard obviously about the the touchless world which is a moon series of capabilities that we trademark in our space and that is all about that the siltation of touchless interactions A lot of that's around payment systems is a he would expect. But it's really those those touchless experiences That can be either one while you're in a place or from afar distant and making those all kind of work together from a customer experience standpoint as well so so those are the two big ones that i think we're engaging in right now a maybe a third. If i was out there is a lot of work. It's happening healthcare space. It is not gone and she would anticipate there's going to be a lot of. Were apper bobin. Her organizations find and position themselves respond to the next hand demi or to nell of the how throws going to work in a remote structure or a mode a remote working environment. So we think there's a lot of things that are going can still happen there and of course if would lock medications along with that y- let's let's dive into one area because i think that feeds the kind of strategy into the others This idea of touchless. Because i think i think that that's a great thing if you know most of us when we think of touchless we think of. Let's say like a typical like you said payments gateway touchless interface. That is. let's say my grocery store. Now i know that. Ncr and other companies focus on those machines is that what ardy is doing you guys building these machines or you building the interfaces for the touchless machines yeah so so not machines and that it's the latter there it's not just the interfaces between but the infrastructure or maybe even ecosystems facilitate that touchless experience. Oh let's let's look at all the different aspects of their rights. Something's not intruder. We be pencils. Experience is usually either a device or something with a code. Yeah scan of some sort. Rfid get all that right. Yup we create those touch points and jimmie a safetouch. I wrong but those trigger points. That's really what i'm talking about solving it. Triggers new experience. And that can happen way before you get to a payment machine that can happen on a label on the outside of a product on site age outside of a building on a host in front of a parking space any number of different ways where a individual can engage a device of phone mobile device. Or maybe a tablet where they are basically triggering a touchless experience. Maybe it's information about on product or service navy. It's to register their vehicle to a parking spot navy ins to register her class order products from a restaurant. Even you think about restaurants you can see those kiosks on the table. This means getting rid of the kiosks. You are the kiosk. Your device is now in kiosk and so we're actually working in the opposite direction of a lot of them machine elements to try eliminate as much of the mechanical elements as possible and allow touchless. The be a fargo and nfc cheer something triggered from wherever you are or wherever you can quench your wherever you can your device or you can get your vice near a triggering element now. You can trigger the pencils world. The next piece of that is worthy end up a website. You know a an app clip where they ending up in terms of militating experience and then of course you've got the other elements built inside of that Or walking through a transaction walk walking boot experienced only ends. We're a transaction and of course. Why do this prince action. We wanted to change money. We want we were but what we're really part of his all of that stuff in front of that all that stuff in between and we are absolutely involved in the back end transaction from obama a processing standpoint. we don't have payment systems but we absolutely facilitate those connections in between. So i saw this thing once on the future grocery where you could For example let's say you picked up. I don't know head of broccoli and you could scan it right but head of broccoli typically like you said it doesn't have a barcode on it's usually just a number but then so you could theoretically you're kiosk would have. Let's say some type of ai identification technology that it knows that something's entered the picture. It takes a picture of it recognizes broccoli and it could come back with. Let's say a recipe list where a person could insane like funnel through recipes. Click add to list or at like add to shopping list right and you could spit out with say a map of where all the skews where to pick these products up or it could interface through. Nfc into your phone. let's say some. Gps enabled thing that would allow you to go pick out these products. I saw that as a concept of future. Grocery store will look like doesn't seem that far off is that that's kind of like the utility that you're thinking of well that's not that far all at all now. The fun thing about that one though. Is it an extended beyond that has now. I'm going to sign you cooking last by the way that you're going to pay for and after that i'm actually going to sign you out for a delivery service. It's going to deliver different ingredients in products to your home so you can have your cooking class without ever going to the store. I could go on like that for hours. We've been we've nailed that really. It's that what's that experience is going to allow the consumer one cabot better day in the store and sometimes those days can be bad. You don't have many people there whether they moved things around or i don't know where that greenest so you can imagine what that's all about. And then why do i go to check out neatly that just so long as they can verify that everything in my car has been paid. Were before leaving. Leave the store. Then that's you talking about well is that. Rfid is an at sea. Do i have a systems in the store that actually allow you to walk through and it picks up all the products of having your car and allows you to barney tied at your bum. You walk into the stores are got tied to whatever platform using bam. You don is that you've seen that there there are touchless stores out there but that concept is really not that hard from a technological enablement where becomes far is building all these neat. I've gotta have all those products in the database for image recognition. I've got to have all the mapping of the store built-in each individual location. Already put place. I've got to have those of recipe black ones and those data marks of possible communist combinations of meals ardabil built in. That's really the only impediment to making technology work. is you have to build all that structure underneath. If you asked me what was the one thing is stopping it from from accelerating any fasten that it has is that it is building the infrastructure underneath and all the content and structure underneath so that that's a little bit of where i think the market is right. Now i think the technology's there i think the idea is solidify is how we bill all that structure underneath so and i'll use us example if you don't mind in the week produced the label that goes on the bottom. It has a barcode. We produce the website that goes along with that so we have a landing page where to go. That's really what has to happen for each one of these. Enablement that actually pumping permission. We often think about that. I experienced right. I got on a poignant of our. But i got a piece of broccoli that that's the okay. I've got that but adds that does the trigger. Yes so when you describe this event so do you guys work very closely with actual hardware manufacturers like people that make sensors because counting. Well you talked about right in order for this kind of experienced occur. You need sensors. You need possibly camera some type of machine learning or some some some way of recognizing imagery. There's a lot of things and components at play. Beyond just the underlying software and architectures actual physical hardware has to be implemented in in some stuff like that do you guys work tightly partnerships with these other companies or. Do you guys try to build things. Full stack like the sensor. Give you the software. I'll give you the the payment gateways all that good stuff. Yeah i don't think there's In technology today. I don't think it's really possible. Could be befalls that from indian. You'd think you'd have to work with partners and we absolutely do today. Is it still pretty elementary. I would say that you know today. Most of this happens from. There's a bargain. Thinking picture of a barcode and i can sort of make everything else happened up to the final payment so a lot of this still in its infant stages but again. It's still pretty advanced when you think about with normal experiences for for instance shopper or someone even in in a medical situation but that's extinct it's happening right now as it advances. Yes i think you're right. There's going to be a lot more machines in play whether it's sensors or cameras i do believe that's going to be part of the experience because we're going to want to engage people all along the process. We're gonna want to engage them as they're walking down the aisle to be able to see them walking down the all say. Oh by the way i know. What's in the recipe. But have you thought you wanna minerals that or have you thought about what. You're going to have for dessert right here. We've got this new key lime pie. Will your asset up a pump. That in car the same time so so to be able to engage in that level words truly interactive along the entire experience. That's why you're absolutely right and it's going to be engaging with manufacturers sensors cameras said today there's a lot there's a lot going on just with barcodes beyond yeah and when companies have these big. Let's say experience plans. they want. 'cause your customers they have. Let's say they want to create new experiences as you suggested right. They want your experience that they work with you to be good any software that the integrates but they they're calling on you to say. Hey listen help me solve this problem helping. Implement this future state solution. Do they call companies like our de with with a bunch of others and get you all in room. Hey i want to figure out how to solve this or do they kind of each come to do they come to you with unique solutions just for them that you can provide and then slowly somehow partners get introduced. I'm trying to understand because this is it's interesting because it's a huge project. Like the way the way describe it. It's a huge project. It's a simple outcome for a customer. But it's a huge project for you to be implemented now wondering how do they come. How do they choose you. How do they come to you. And say hey. This is what i want from you. Yeah great question So let me let me start in the first one is the good thing about this once leaving bell on these platforms they are reusable right so the technology were building is. It sounds really big because you have to. There's a lot of data that you have to put a lot of things vice but once you've done it once twice three times four times as it does become. I want to say routine but it doesn't become easier in terms of a process where it becomes interesting is just about. Is that science expectation. It's the big come to you. And they say. I have this vision and the interesting part of that is i saw this somewhere. And you actually get right at the beginning of the conversations. I've sought somewhere and is how do i make that happen in mind. And that's always The interesting bartha dissect that to say. We'll let me tell you what you really saw and why that may or may not work in your environment. So how do we get involved that well as you would expect because this is new and it is is sort of a balmy technology is alive consulting firms out there that are really designed for let me help you go through an innovation process. Let me go through. You know the idea and all of those different things that you heard about the industry where i can help you move for where you are over here where i think our only gets involved. Certainly we have connections with no those organizations and they know us low enough to say. Hey here's a company engagement with is going to help you but we also have the other side that where we've been producing communications materials for a lot of these large clients for decades years and years and they've known us to bring different types of technology solutions. The the connection comes between understanding that connection of the the experience is a communication and once that connection happens. It's a logical step to say okay are only helps with communication are lincoln with and experience on. That's really how we more often get involved where we have these innovation conversations with declined to go pay. Well that's interesting. Let's let's talk about how we might be able to implement touchless solution in our store in our warehouse in our office building. Something were help. Alleviate roadblocks around getting people to be informed. The way they need to be more maybe behave the way they'd like them to behave engaged way. They like them two days because go back and think about communications all about getting people to be informed the way you want them to be informed and gave away want them to engage. Behaviorally the bay. We're just now making that changing. Never make on paper to digital experience. So that's how we connect the dots. I big that's how relying people to think about us and how we get involved in. These is just one experience after another as you know today. It's it's how do you become viral. It's a lot about somebody explaining or saying. Hey i saw this or experienced that. And i think with time we'll we'll be much more in that position as this technology Gets more widely distributed Especially in the united states today. That's what we're counting on in terms of how we gave. Yeah what tell us share some of the maybe something cool experiences. You've helped implement where you're really proud of love for audience. Get a picture of like some of the things that you and your classroom capable of. Well i think In this particular space. We talk in in touchless days. We'd produce a lot of packages Goals pieces of material that when a client engages arrived listeners. Use the retail stores. That easy right or marietta. I'm going to use us. let's say Something that maybe doesn't from my rubber we apartments. Okay how do you pay hardens by downtown's today you know. You may go to kiosk. Maybe you made maiden something online where you'll even tell you where he'd spot is open the big after engaging in. That's okay. do that a lot right. I park downtown every day off in chicago. All wacker street. So i'm engaged with the company that i know a handle sparking there and i'm using their. What a what. If i'm not. What brand new to town. What if i'm going to entertain when lucille football stadium or something. And i don't want to pay all those attendance. I don't want to have all that extra technology in their. Here's a simple answer. Every parking spot necessary a label embargo basically new iphone at the bar. And you gauge with a application allows you to pay for that. Arkansas dumb is that query. Instead of walking down street having to find the kiosk i love it. When you have to when they asked me putting your license plate number how many people actually remember their license plate number son of a run back in car. Get the license plate number right again. Go put in. Usually you can remember the number always like goes no arkansas space number. You the negative walk down again underneath pudding credit card. No none of that. I'm heartbeat spot. I take picture barco. And by the way i can even take a picture my license go on with it. There's all kinds of different ways and can be them back in birth -cation because obviously any penalty or even bar owners gonna wanna know that spot. So how are we take care of that part of the transaction as well so that both sides win but now all i do think picture that that barcode having games and and then i'm done as easy as that civil. How wonderful does that sound in terms of experience. Now go on. Hey by the way. I want to go ahead engage with you and find out. Where do you normally park use parking all the time. Would you like to engage in our after. Get your you know your monthly parking. The monthly barking be. So i can know what my revenues are going to be as you can see the automatic exchange by the way you want to get on our mailing list so that we can start and tell you about all the events that are going to happen in our city to competitive to come down to the events and you have to use our parking spot and pay more money for parking. Oh my gosh. And a holy kind of get the idea their jobs but we do for clients is always person into that our now up with the next engaged so when you say you know what would we be proud of i. I love that part of what we do because builder side of it and i think even mentioned that that were insights We actually have a group of people is palmer incites grew and data in basically all this data coming in. We've all this exchange going on. What what we learned from. Help our client go to the next level engage at the next level connect at the next level that to me i think is some of the most exciting part of the technology that were willing our so that thing that you just described the barcode is actually just part of the parking spot. I've not personally experienced that. But i i've experienced all the pitfalls that you just mentioned which is of course. Did i remember my parking spot number. No where's the kiosk. I don't know. I always get frustrated when the kiosks actually in the opposite direction of where i wanna go since frustrating backtrack. Or they're not readily available. I have to visit charlotte quite often. And i remember this one. Parking lot of kiosk was so far. away the one day i parked is like near the exit. This'll be good because it'll be easy for me to get in now but actually the canvas spree knowing it's raining it's a. It's a very simple concept. That i that i think your example very much cemented in in my mind. How simple little things in your daily experience can make your life just that much better. You know. you're saving me. I dunno a walk across a parking lot. It doesn't sound like much. But yeah i would much rather prefer to do that than download by the way those apps that say that they're for parking. They always want to know your lot number. I'm like what i have. No idea what the lot number is is a non walking around and walking around the parking lot like an idiot looking for some sign. That tells me why the lot number is is like. Oh it's not only my space. I mean a lot number. I'll know what what's going on walking out. I'll take the ten dollars tickets. Exactly on a rush i. I don't think i'd find it but it is cool to hear some of the simple concepts now. You were mentioning. This is also going to happen. This kind of technology is going to help implement. You said you know we're not fully out of the pandemic. Yeah cases are but it's still very much a part of our lives right now. Where do you see. Some of the technologies that you're working on is going to be in the return to work space. It's going to be in the consumer space. Where do you see r. donnelly playing apart in like the the next phase of pandemic. that's great question. And i'll be honest with you. You know a lot of what we're doing right now is just trying to create a good work remote work environment experience so similarly to what you and i are doing now you honey make. This seamless not difficult ida by studio equipment. I can make sure that. When i'm trying to engage with somebody i can see them and i and i can also see the materials and all those kinds of things and and that's where right now. A lot of our focuses in terms of covert or the remote environment. But i do think as we move forward. It is going to be around that consumer experience at home. I mean we all know that. There's a big difference between going to a store and feeling fabric. Yeah or you know seeing food at a salad bar and or in a grocery store and what happens when we order those things on lot right We have fabric. Doesn't feel like it looked or we have let us. There used broccoli au back. The broccoli broccoli didn't look the same way. Did in the picture when it arrived in my house and we all have had those experiences. And i think it's fascinating to me. How retailers have to perfect their return systems because of the amount of returns they get bazaar. Sort of guys gonna make sure. I returned really well. Because we're going to be sending out bad product. What how does that. He even compute so part of where i think we see the evolution here is how to make those experiences real enough that it goes back to almost seal whizzy weekdays right. What you see is actually what you get or the experience that you have is going to be realized when you ultimately receive whatever it is receiving and again that's not just retail. It's not food and fashion. You also goes into educational experiences in healthcare experiences. And and how do you make sure that the healthcare professional another indicate of telehealth or you tell them medical is actually able to diagnose you based on what's really happening with you as opposed to what may be the client can't really articulate very well and i've experienced that i've done some of those and you know what hurts me. I will need you to be more. How do we create that kind of exchange so that the interaction that transaction meets the expectation the expectation of the consumer and the person helping on the line. I think that's going to be visuals. I think it's going to be in the ability to attach video. I think it's going to be the ability to interactively. Select detail out of videos that you're watching online or experiences. You're seeing your ability to take that to another place to get clarification to get better information. Have a better experience. How do we make all those connections happen. How do we build that structure to allow that to happen. That's i think we're going next in the remote work that's awesome. I think you've done one thing for sure. Is you convince people now that you do more than from books after this conversation i can. We didn't talk about phone. Works at all but what it is time for. Though is the lightning round the lightning round brought to you by the salesforce platform the number one cloud platform for digital transformation of every experience. Again this where we ask you questions not related to work so people can get to know you and your ideas outside of our donnelly right ready. Yeah all right. So how long have you lived in chicago. Twenty six years. What is the best place to eat in chicago. This is hotly debated if you said this is the place. where am i going in chicago. Wow you know what gino's east is go to place for me. Okay for those gino's east. Listen i've been In there and i know that the big rivals. What malnati's is that right. What they're too. So i don't want to get in trouble with my lady. That's my sounds good when it comes to chicago tell us what are some of the unique things about chicago that you love the most. Oh you know the lakefront. It's just being fast. William bark there so many one of things dubuque downtown It's the being down there on any given weekend. You're not going to offshore things hear things to see. It's just a great experience and and you don't have a plan. This go down and enjoy thought i. I will say the one time i was there with summer. I was surprised at how blue lake michigan really is. Yeah well it's a one. It's a wonderful experience that again. Be down on the lakeshore and when it gets warm in summer volleyball on the beach fantastic. All right. is the traffic. Going to be fixed between o'hare in downtown that we're really not trying to do that. I don't think that's ever going to happen. That's the only way. Listen whenever i go to chicago. I always take the train in the city. People ask me why because it's to take less time. I don't care what you say like people were like. Well i rather take it in and then go get a cab to my hotel in drive in. That's it we got it. So what are some of your hobbies outside of work. You know I i do love The water so my family has a nice lace Wisconsin to get on the lake often so we spend a lot of time on lake. Volleyball pedal vastest growing sport in the united states. I love it so much. Bill the courtyard so That's that's kinda my one place there you go if you wanna talk tech. Call up ken. If you wanna pickle match you can call kennedy. He's gonna take you on a ball. I'll take you on the weekend. I want to thank you for joining us today. On nineteen visionaries. Thanks for sharing all the things that you do at our donnelly and we have confirmed. You guys are way more than just books. Thanks for having me. It was a lot of fun much-appreciated. It visionaries is created by the team at michigan dot org and brought to you by the salesforce customer three sixty platform the number one cloud platform for digital transformation of every experience build connected experience empower every employee and deliver continuous innovation with the customer. At the center of everything you do learn more at salesforce dot com slash platform.
FXR Racing/Race Tech Privateer Island #135- Mike Alessi
"Welcome. Everybody to another edition of the racing race tech suspension privateer island life podcast number one, thirty, five. With the eight hundred Michael Esi yes, he wrote the two stroke race last weekend came up on top and the eight hundred privateer now, and he qualifies for this show right I don't want to hear anything else. Thank you. Ethics are racing designed by racers for racers whether you look at. Film colletti whether you look at. Brock tickle many guys are using ethics are racing and I want to thank those guys for sponsoring the show. Twenty Code Disabled Pixar racing dot com go there and check up snow stuff as well because it is October already. So they got a great line of snow stuff, and of course, their motor stuff is next level in a doing a great job. The twenty twenty one stuff is available now, casual Peres. Well, ethics are racing dot com, use the code and say please thank you race tech suspension giving Michael Essien some. Factory level suspension this weekend at the two stroke race and Pulp Twenty Zero to save with the folks that race tech, you can use race tack and use the Code and get your bike working better. Get you bike some service well, get the motor service, get the suspension serviced and they'll you and they're actually right now going through my cr five hundred suspension and dialing in and I got something going on in the front end. That's GONNA be a little weird but but they're hooking me up with folks that race DHEC. And I have to pay and that's okay. I'm fine with firepower parts as well. You know the batteries and Lithium batteries and you know they're chains that are made in Japan but they got the oil now and the oil to stand the test of any power sports vehicles to stroke for stroke stuff, UTV's stuff all that kind of stuff all new filter firepower, Motorola built from the ground up by leading oem manufacturing has the highest quality. Firepower offers standard mineral all the way to esther fortified full synthetic racing or a blended in the USA firepower parts dot com for more information on that, and also want to thank the folks at Max Tires of course, Max's tires, Justin, Rodbell era using MACs, tires out there Max's Dot Com for more information great mountain bike tires, of course, and they're. Developing Jeremy McGrath the the the guys right now are using their Max scoop at the national. So thank you to those guys, Namara Pistons our buddy as using the mayor and his two stroke since two thousand one mayor has been supplying factory level Pistons, and gaskets for every make and model from two wheels to four and weekend warriors. The top athletes in the mirrors advanced pissing technology has increased injured performance reliability without increasing your budget following instagram visit them online at a mirror dot com and see the latest news application updates. Check out the two thousand, twenty personal watercraft. Line as well. NAMARA, making Pistons for everything everything in anything for the folks in the mirror. All right. Thanks for listening here. Here's here's myself in the eight hundred talking about two stroke racers for racers and much more. Thanks for listening and now as promised on the privateer island podcast, which seems weird to have this guy on something called the privateer island podcast presented by the folks at ethics are racing, and of course, race tech suspension as well as firepower oils in the mirror and maxis tires. It's the eight hundred himself, Michael Lessee. What's up my cover? You Man? Not much just hitting the road on a little bit of driving going across country seeing some places and. Yeah like I said, it's weird to have you on a privateer podcast just because. Out For so long but. That's nowadays your semi-retired I guess we'd say. Well I guess semi-retired try be the right word, but I mean if the right opportunity came out of riding supercross motocross again I'd probably do it. Would you like it would have to be the right situation in the stances that I would do it Did you like filled in for for the BULLFROG SPAS team of course, supercross the year before you like that. Did you like jumping in like that where you? Okay with it? You're talking about last across. Off Yeah I mean you're you're getting dropped off the deep end of the ocean and All the guys have been, you know Yup to meet and just being dropped in. It's like, okay this is this is next level in the guys are more than half through the season out to speed fitness intensity. So yeah. That's what I meant. I kind of felt like you were like you're probably like, oh, she at like oops like you know what I mean like I'm not quite. My quite where I need to be at this level. Yeah, I mean, it's it's always definitely an eye opener. When you you know you step away from Super Cross and then he kinda jump back into it to help fill in for. You know the motive concepts team called me and I was like. You know not really doing anything just preparing for Canada series. It's like. We'll do it and I made I made every single main event which was good. And my best finish I believe was twelfth at Seattle. So none of that. You know for sure absolutely I mean you know yeah you've raised at the highest level. You made a podium you've. Done all these things so Jumping back in isn't going to be totally foreign to you know how to raise super cost. But yeah, it had to be a bit strange for you. That's all I'm yeah. So Glen Helen two stroke world champion congratulations. This is something you've done the last couple of years. Yeah. How was it? Well, it was good for sure. It was good but I mean, I've had a lot of bad luck since I won it in sixteen. Against Zach Osborne and that day Zach gave me everything I can handle and. I was able to win and sixteen, and then I was going to comeback seventeen in bromont collarbone. Literally the weekend before. So so that Kinda sucked and then in eighteen I didn't race sauce up in Canada. So Yeah. Just kind of not last year at the rear wheel exploding was ron fortunate but you know it's Kinda how it goes and this year we kind of got all the ducks in a row and. The bike tested and got suspension setups as before we got to the race. So I was actually really happy and comfortable. And yeah it came out. Good. Got To good starts ran up front. You must have been. You must've been shocked when Duarte there late in the race what the Hell I. So my buddy, he's my buddy there martell from northern California. Good. Great Kids Great Family I. saw him back six and I was just watching the guys kind of seeing like the GIN and all of a Sunday like right. After halfway he's dropped the hammer and goes by. Josh grant he goes by just. he just starts blowing by these and all of a sudden he's on my ass well, okay. I wasn't expecting this and that right at the to lock card he he got by me. Okay. No big deal. You know I'll take a second is just as good as the first and the first Moto Be Smart Consistent. Drop the Hammer, the second moto and. So. That's kind of what I did. I just played a smart hand and got the whole shot second Moto and made a big mistake almost crashed the packet turn. Went back to I think third or fourth. and. Then just charge the first lap and got back into first and then just. Put on a good pace and was able to to win. There's good. You you're Y Z to fifty. Was it was it was bored out of it was was it was the two thousand stock? Es Are Sanders Three Twenty Five, three, twenty, five. So this the beast man, it's a, it's a handful. TAME. This thing it's a it's a fun ride for sure what what look you grew up on two strokes you're old enough that you grew up on two strokes, and then of course, we all went to force jokes for awhile. Now, you're back onto strokes. What's it like? Do you do you have to adjust your writing the way you ride and everything else it? Is, an old hand is old hat for you and you're able to do it right away. Does it take some writing for you to remember how to stroke or what's it like the change over for you and trying to ride one of these fast. Well, I. Believe the first thing is in most people would honestly agree and understand is that you have two different, they take a. Lot of energy and you have to be aggressive with them and ride them in the right power band. It's very easy to over them and obviously bogged them when you're in a corner and you're not in the right year and the right RPM. So it takes like a certain way of writing a two stroke compared to the forest joke. You just trust you know twisted throttle on go. And the frigging thing just you know it's like a rocket ship where to joke it's all about momentum and keeping good fast momentum into the corners and through the corner. So when you're riding like. One. Of things that when I ride I, ride my four fifty. At. The bottom of hills at Glen Helen I can come in really slow because I'm a slow writer and I can be in second and I can just putter around the inside of row and I can just gas it and really up the hill because it's four fifty and it's awesome. Power. Yeah it's got the power to pull me up that hill. Do you find yourself? You jump on to do you find yourself being like Oh shit I can't do that. I. Forget that I can't do. I can't ride like that or does it does it come back kind of naturally It's Kinda interesting. You ask that question because I did the works race a couple of weeks ago and and I hadn't rent a four-stroke since the fight. Club. Race Villa. Types Yup back in May so On that, Tuesday. Monday, Monday the race for the wash you got canceled or postponed or whatever saw like well, I don't know what I'm going to do now to head home or do I stay here? So we decided let's hop on the four fifty and go race the work series. After the world series was over that race that weekend on Tuesday went back to go on and on the two stroke I went from sixty horsepower. Factory concepts for fifty to thirty horsepower to show Clint Twenty five and the for the first tooth. Relax I was bogging it every. Your felt it. Just it felt so different and it's like you had to relearn even though I've been riding on twenty five cents may just week of riding the four fifty it's like you've got lazy. But Dude, how nice is is the weight God? That's what feels amazing. Doesn't it? It's just the whole bike is so different the the weight and the power distributing the torque away the thing hooks up out of the corners up. With a two stroke you gotta ride hard and and luckily for us, you know we we had a good set up at the two stroke national with Eddie Sanders we had a great package with race tack and. We believe it or not. We actually made some big changes between Moto wanted to because i. but I medal I got like really bad arm pump and nothing to take away from Deir and all the guys they were riding great. I just got really bad on. So between Motta's, we actually changed over the forks from two fifty to one, twenty, five forks they were just more softer pleasure can we had been doing? We had been doing plenty I'm talking plenty of testing at Glen for the past month and suspension was perfect. Everything was set up nicely. But when you get to the race right and you've got kids that are riding sixties and eighties in there on the brakes for. One hundred yards before they even get to the corner. It makes all these little chatter little choppy mums. So. The suspension setups that we had had, we been riding with pros know with Mac new and you know the guy coach teams that are out there rotten not you know the professionals they gas it all the way into the corner, and then they're late on the on the brakes on the gas early. So it's It was just a you know something that we weren't really expecting as far as suspension setup, but we took a gamble in between motives and made the changes and definitely paid off the bike was way better psychomotor and it was. Like down the hills wasn't too soft at held up. Okay. Coming down. On telling you the first photo. So I I I knew it was gonna be rough but I didn't know is going to be like that little itty bitty choppy like thumbs down the hill and then out of the corners, it was just square edge since just choppy. So when we made the changes between motives, we were really taken a gamble and thankfully. I felt like the bike was nine days better. I. Was able to ride it hard and was visible from you know not just from my standpoint but valuing standpoint from the people it was like you could see the bike working. Absolutely, a pulp twenty, two with Tech Race Dot Com get them to do your suspension just like they did with with Michael Se do you find yourself able to hop breaking bumps through on a two-stroke right? You come in you like a rep and go go for like two or three breaking bumps and you settle into turn right? That's kind of cool. Exactly. And you know what? You can always learn when you're watching the professional guys on TV like Tomac I give that guy so much respect. The way he corners the way he keeps his feet on the pegs, but his weight distributing is so even and the way that he comes in the corners he doesn't have to put his foot out and I see that I'm just like you know what? That's something I gotta how to do and on the two stroke you can simulate that by jumping the bumps and keeping your feet on the pegs longer and keeping more momentum speed. But yeah, this just anytime, you can learn from the pros. Top guys man you take it in. Like something to learn and work on. Glenn, Jala. Vets, I did to this past year. It was unbelievable. How rough gets because for all the reasons you just said, there's all sorts of variety of skill level on the track enters eight million riders on the track, and literally at Glen Helen there is no smooth spot to go. You know that you raised it. To stroke national same better worse than world vets for. Just. I would say it was just a different kind of rough. Where like the Vet Championship? It was kind of more like a national rough pros would ride longer in the. But this was just like the sixties and eighties holding the brakes on ever corner right? Right. So totally different but I don't know as far as championships this year I don't know. If that's something I will be doing or not just because of the. You know what? The election and everything it's that it's actually The race so kind of like torn if I bring my family or should I leave my family home or? What actually do right still got still got a couple of weeks to decide I. Don't think the election will be affected by the world I. Don't I don't see that I just don't know if that's the California California's crazy. We've had many elections many times nothing's happened. Just happen refined show up race. It trump wins trump wins in California people are going to burn down the state. Oh boy. Here we go. Let's hope not. Hey. So As far as the the two-stroke thing I really thought I saw the entry lists going into it and I'm like Oj. That's going to be a battle that's going to be great now josh did okay. But it sounded like he wasn't really close to either Moto I guess. He was the first motor. He was close he went three, three, four v I. Think he got fifth overall because. Dare went one five per second. And Carson Brown went five two for third and then The huffed kid he went four three for fourth grant and then grant went three four for fifth. So. Good I mean all the guys do the intensity level no kidding I. Motor Skill one to ten. Good. We were at twelve do it it was all out and city. Wow, those guys ever ride good. Yeah. What was J. John? Honda. The Honda. Okay. They didn't make two strokes for a long time. So I don't know who knows what year it was. Right Yeah, it sounded good. Sounded just as competitive with all the other bikes. and was out of state fair on a on a CR two fifty when I was there like weeks ago it stays there and he was on a due to sound a sweet. It sounded also yeah. Hey, I tell you what if you can ride them in the right power band Omar God they sound amazing when you hear them on the track, you're right. Hey I wrote a I wrote a CR speaking of CR two. Strokes. Cer. Three thirty or something years ago and I honestly didn't like it. It was it had a lot of talk and a lot of hit but I felt like it signed offer early. Do you find that what the bigger bore Wisey to fifty road definitely not just keeps going and going and going. Okay. All right. I mean I'm telling you it just it just keeps going and there's no end our keeps going and like I said, if you can learn how to ride the three, twenty, five in the right power man dude it's it's a hell of a lot of fun. It's a hell of a fun here I. Bet, Right. Last year at the race to I talked about your wheels blowing up and bowers blew up and call your heads. It was the two stroke. These two strokes can stay together the so old right. There's a lot of issues with these things. Well, especially to this year with the temperatures at the to shrug nationals over a hundred degrees like hundred, two, hundred, three degrees it was no joke and like I said, the intensity that we were riding at it it was tough and like I said the temperatures with with the intensity it made for good racing and I feel like the fans really enjoyed. At least the first Moto with all of us all bunched up and riding good where the Second Moto I. You know got into I that that that first lap and then I just took off and was able to win by. Twelve or fifteen seconds and made a little bit boring. But at least a I mode of the fans really got their money's worth. Going to hell in your life Mike. Alive. I've been riding since I was like literally four or five years. Goma thirty three years old now. I bet the ethics saw racing race tech suspension privateer Aydin life with Mike Alexi. Brought to you by firepower oils in the Mirror Pistons. Max's DOT com. The maximum since two thousand one I. Should say the number of guys since two thousand one to mirrors supplying factory level Pistons and gaskets for every make and model from two wheels to four from weekend warriors. Top athletes in the mirrors advanced piston tech as increased injured performance reliability without increasing your budget follow instagram and check out the new twenty twenty watercraft line as well. Over at MIRA and firepower guys they've got oil. Now you know the batteries for four strokes which are not needed for two stroke race and you know the chains that they've had as well a ray churches and a lot of. Using firepower products, but they've also got oil. Now it's all new and is built from the ground up by leading OEM manufacturing. It's at the highest quality firepower parts DOT com. The rest are fortified full synthetic oil blended in the USA Michael on the show right now to talk about race and more one of the questions I have for you here Mike was that hey, did you think about sticking around for Paula but clearly not? No no no no. Definitely, not definitely not You know I've been out in California for five weeks going on six weeks now. I feel like it's time to to go home and start to enjoy the holidays we got Halloween right around the corner. Not You know this'll be my first Halloween where I'll be able to take raynham daughter. To go down the streets and get candy and she understands the concept and then was Thanksgiving the following month and Christmas new years. You know for me. It's I haven't done a lot of racing obviously this year with Kovin. But the two races that I pretty much have done the fight club in May. Two short grace made pretty good money so I feel like it's enough to just kinda maybe just enjoy now the rest of the year and start everything over twenty one that's what I was going to ask you. So you're kind of race Canadian, nationals for a number of years you didn't do it this year. and. You did a two-stroke race to fight club thing your plan for twenty twenty, one, I mean obviously if the bullfrog spas team calls, you think you might want to do that again. But basically now you're at a point where you're like, Hey, what's going on in Europe, what's going on in Australia? What's what kind of race? A two stroke can I do fight club thing is that kind of what you're looking at like almost Like a Science Ryan sites type of existence where you're chasing some money and chasing some events that seemed fun for you is that where you're at exactly just pick and choose kind of the events that I wanna do racist that I can make good money out and you know I'm at the point of my age were you know I got a wife and a daughter and I want to be home with them you know. Enjoying life you know what we all race to do is make money and you know get an Ice House and have a nice life and enjoy it and you know if I can. If I can do that and still you know pick and choose a couple of races to do here and there it make it worth it my biggest asset for next year I feel like I'd like to go back to Loretta Zen race twenty-five really and and helping pro race all those amateur kids. You're not see if we can get You know the title number twelve and thirteen. I'm tied with San Sorolla in Stewart right now at eleven and I think that'd be Kinda cool to go back there and try to break that record. The problem with that Mike is that costs money? Well it does unless you can get like three or four or five good sponsors make it worth it then then I would do it right right? Yeah. Interesting to see you back at the ranch. That's for sure. Jeez were any of the sponsors out there listening to this PODCAST I need a few sponsors for next year to make it worth it. Let's go try to win some titles Ella Rattus. You wrote a Yamaha at the two stroke thing. Obviously, you're tight with the Honda guys because of all the work with your dad does with Bullfrog Spas Honda Motor concept team. Do. You have a preference. So for a bike, like what would you right? Well, if you just went out and grabbed by what would it be? A. Tough Question Steve Honestly all the motorcycles. These days are so good competitive. I don't think it really matters which by yet I feel like they're all about equal. Yeah. Okay. There's not one that you like or prefer or anything else. Do you do you ride for fun now like you mentioned going to California, to preface this race and Rodney two-stroke and doing the works works works. Thanks thing. But do you ride for Fun Mush Nowadays? Mike are. You are you guy are you getting up and you're like, you know what? Because you've got a property there in Florida and? How much of that do do? Well I mean I definitely love to ride. It's him up to him and for me like when I go out to the to the track, the local track where we live in Florida near Hilliard saw the Oak finocchi track and I have my property as well, and it's just fun getting out with the guys and just enjoying a fundraising ride weekend is not about racing. It's just about hanging out shelf shooting guns during a barbecue and having some fun riding dirt bikes. So you do you get out and you out if you. That's GonNa meet. That's interesting because so much dude, your whole life is been this. Racing motorcycles at a high level and will stop watches and I might think that you'd be like you know what? I don't WanNa do that anymore I? Don't WanNa get on motorcycle. Do unless there's money to be. You know I, think it's funny like like no offence to the to the PC or you know the guy guys the Glen Helen I see him every Tuesday Thursday and I'm just like. God I I used to be that guy who cared about my lifetime and what my lap times work. And I, see the pit boards out there in the mechanics wave and towels and it's like. Oh my I'm like i. kind of chuckled because. Did it's just practice i. know you gotTa bring it to the race and and that's where it really matters I know track. This is important obviously, but it's just like it's all about stupid lifetime that that means nothing. Yeah honest. Well, near my into my mechanic and career, we were starting to put pit boards out in practice every single. And I got in trouble for not doing it and I said Yeah you see that top five thing there look on that and if you're not on there if you don't see your number go faster until you are. This is This is this is practice. We're just go till. You're on that big red board there. That's what that's what you do. You know so. Yeah it's it's getting. It's getting pretty crazy for that and things. Hey how you doing with the? Well, let's go into work was works for you. There was a little bit of a some bench racing going on between Gary Sutherland and myself and Keefer. We knew you were racing it and we were talking about how you would do how to go for you. Well let's just be honest. Okay. So let's hit. Let me throw you some facts here. I have written to four fifty cents the fight club race in May. So that was what four or five months ago. That's that's number one right off the top. The second thing is is I have not done a thirty minute moto since Canada last year in August. Okay Thirty, minute. Mojo. So going into this hour and a half two hour race or whatever it was. It was like, okay. We know we don't have the endurance to preparation. It was just go out there. You know have fun and just use it as a practice and an endurance race for the two stroke national. But overall, it was cool seeing kids I'm dead serious kids and adults cheering me on and I was I think I finished like seventh or eighth place and I finished I think three or four minutes behind the leader. The people didn't care. Do they were they were just that I was there and giving it a try and the last time I had done a works race was in two thousand and six when I was sixteen or seventeen years old. I wrote A to fifty in Havasu so that that's a bad one. I heard that was. The only one I did and I won it. So I had I had high expectations going in obviously, but I, also knew the preparation wasn't there. Not Riding A, you know four fifty four months or do a thirty minute moto an over a year was going to was going to be tough. So I I really didn't care about the result I actually enjoyed it and believe it or not I was I was getting better until the gas stop and then once I did the gas stop I'm telling you it was weird it was like all. Everything left. fucking it like an all stopped like everything like I couldn't think. I couldn't breathe. It was just like what just happened? I, went really good to halfway and then right at the gas stop, it's like all momentum stopped and I had nothing left. Cheese but you finish and you had fun right I finished had fun and. At least I can say you know in a in a in a works race I, guess kind of comparable to the GNC see that. Zach. Osborne. Did where He finished twenty six minutes behind the leader and I think he finished thirteenth or fourteenth overall. So I I guess I didn't do too bad I. Could've done worse. I mean, if you look at his acts results and he's he's going to be the champion here in about. Four days. Let's We. Hope. So he's got a good got a good lead going in. So do you watch the nationals and? Did you are you in? Your glued to the TV you're watching them. All right. I'm a fan man I. I've raced it for so long and you know at the highest level and winning races like freestone and hang on. And it's like you know battling Stewart. No, eight it. It's in my blood when I watch these guys and. I kinda en-. Happy in a sense I'm just being completely honest I watched the intensity speed and just the pure grit and skill that the Tomac and musk win and SANSA Rillo Osborne Elite athletes watching them race and I'm just like you know what? How I'm glad. I'm not on the track with those guys, right well, the thing is you know the level of Iraq, you know how all in they are, how much of their life is devoted to that Saturday and their results and how hard they work and like I think you probably are like Yep I, understand that level I've I've had to do it. I understand it. I was there. And you know what? I applaud those guys because they they're giving it their all and honestly the people that are winning this summer is that fans because the racing has been outstanding. Yeah. Yeah. The class has been really good. You're absolutely right on that so. Yeah you don't miss that. You don't Miss. It doesn't sound like you're perfectly content with everything going on him because look you're thirty, you're thirty three, you could still be racing. I mean Tim Ferry Rocco all these guys they kept going. Chad obviously, you could be doing it. Sounds like you're you're perfectly fine. If the right situation if the right situation came about. I would definitely entertain it and for me I would entertain honestly to fifty A to the west coast east coast kind of deal just because I'm I'm still so light on one hundred and fifty pounds I'm only five seven. So for me to fifty perfectly. And you know just riding riding the guts out of you. That'd be. See you back. Michael Seo on the racing ray tech suspension privateer podcast brought to you by firepower in the mirror and Max's tires Max Tires of course, great mountain bike tires, and of course, Alex Rate Rodbell up this Rodbell Kid. Right he's been pretty good. Actually watching the results I know he's almost every motor he's in the points I know I don't even really know much about them until this summer and I'm like holy crap he's good. Using Max's tires out there on his SGB Max's Kawasaki as well. So talking to Michael Esi two stroke champion. So having said that are you happy with everything and your career Mike are you. Know regrets like obviously you don't want that fence post on you would've won the toss. Unfortunately yes, that's the only regret I have doing that that press day back in two thousand nine literally just hours after coming off the track at freestone and getting both whole shots in winning both both motos in the second one by. I think it was like forty seconds. As the commentator David. Baylor like this is Carmichael asking it's like. To Go to press day stupid deal on Monday and and break. My knee was very unfortunate but you know what? In my career, you can't. You can't look at it like that. I've I've had a great career. I've got to travel a lot of places. You make a couple of bucks. I got a beautiful. House beautiful wife and. I'm super blessed with with how I'm living my life now. I don't have any regrets and I'm a happy man sued I. Asked the most yeah. That's awesome. Good to hear. I'm really happy but I defended you the other day to somebody who was like. One of the biggest bust in motorcross was Michael S and I'm like Whoa hold on hold on he yes. He won eight million amateur championships but he was a factory rider for ten years. He made millions of dollars. He won races. Except for four super costs and he's got eight hundred podiums. With two matches eight, hundred number. I would love to be a bust like Michael last year I would love that in my life. Right now I just recently. Saw It. But I'm still in the record books as tied for I. Think believe it thirty, seven, thirty, eight, all time four, fifty winless. So I'm I'm still under the forty mark. So that's pretty cool. It's funny like when I read the sites and I see people talking crap or you know comments on instagram it's like I I don't even let it bother me no. Because at the end of the day Steve like. Just being honest. They can't take the winds that I took I've I've won the money I've made they. They can't take it away from me. It's mind so They can say whatever they want, but I don't care. No and that's what I said like, yes you didn't win any championships and coming Loretto. Yeah. You have you have to understand though. So in Oh five. There was a few mistakes there with my shoulder popping out master. I won the first motor south had that not Bennett DNS right and then got another yeezy nf at Wash U. Google Second Moto that you're no five and then with length in the first moto. Were we came together. Instead of twenty five points, I, got five points so you calculate those. Photos, right there. It totally different story with. Into, that championship never mind the Oh. Nine when you're well on your way to winning it but my point is like. Like yeah. Again, a very, very, very successful career and also your racing against a you know one of the all time greats Wyndham had ricky like Wyndham got second and all these championships and you know he only has a regional supercross title so like it is against against your race into and again. So see stuff just I'm Kinda like I shake my head a little bit like look. Ninety nine point five percent motocross racers would trade their career for Michael Essy's in a heartbeat. So. Eight Steve here here's some real true facts. Especially, the fans and the people that are listening to this. You're only as good as the competition you race against right now, I can say in my career I raced the best Irish Carmichael is Stuart Donkey Oppo Chad reads Trey Canard you name it I raised them, and at one point or another I was able to either race them battle them, beat them in Moto them. In a practice qualifying time whatever it may be yeah. I can say I raised the all time best that this sport has ever seen. Yeah you're absolutely no for sure man it's it's it's absolutely something you should be very proud of and all your results and everything else and yeah man like I said you were you were going to win that Oh nine four fifty championship Chacha pay you some of his million dollar bonuses. I. Think. So Hey, he was a smart man in bonus himself data. What's your favorite race by you ever had? Favorite race bike well that. was good with don't get me wrong I. think it was really good but I'll be honest the voter concept bike the one right now it's it is so good. It's just so fun to ride easy to ride the power delivery and the way the X. Pr, the engines just the whole package is and the team, the way the infrastructure, the way that I'm not blowing my dad but he does a really good job like he knows he might be a crazy. Fucker from back in the day but. He he? Knows his shit. How to make a bike work all he does and he says he's a lot less crazy now without having the manage you. So I think once I once I stopped racing supercross I think in. The end of seventeen I think he really dropped his numbers from like his intensity. Nine to light a four. I would say the motor concept bike is probably the best bike that I've ever read the. And we'll also too I. think we're smarter as an industry about EFI and programming, and all of that then compared to your arms he you know nine, you know what I mean like correct everybody knows that stuff better the traction control stuff all that has come a long way since oh nine. Well like you said, the technology in over a decade it just the motorcycles have improved the technology has improved the engine suspension just the way the chassis works. We're in a whole different day and age of how the motorcycles are now converted. They were ten even you know five years ago. Honestly hey how close did you and Tony, and Jeff come to staying in Europe and doing GP's did that not ever come up? No never never. Okay. I was wondering if you guys because you were over there, you stayed over there for like a month at one time and race himself and all that I wondered if it ever came. So that was. What you're talking about was the point of two dozen fifteen such Nova. Mike Genova mom talking. I'm talking ATM days like way. Back. No never never okay. I didn't know if that was ever an option like it's that was something you guys were thinking about. Only thing that was close was that fifteen season where we did two in Canada to in America. and. Europe. Yep. And you did the Irish GP one year and you were training Tony Corolla. That was two thousand and ten and staying in Rome and living in Rome with Tony. Yeah. That was actually some good times I remember riding with Tony Naples, the SANTRAC right on the beach I'm telling you the the the the rollers the whoops were probably two times taller than me and I watch and Tony like jump across them like they're like a whoop section just like there's no way I could do that. You're like wait you're are you supposed to just drive up and down? No Tony let's go across them. Right. You're supposed to go down in them. Cross. Oh. That's funny. I'm well I'm glad the guys got your bike Dow for this for this to show grace of course, pop twenty, zero zero to save at them get motor work done as well from the folks that rates do motors doing suspension you've used race on and off Mike. twenty years. Twenty Five Years Yeah It was two thousand and I believe it was two thousand and one that's That's when we made the switch and we're on a Yamahas at world mini that year. and. We went to the race tech stuff and I instantly fell in love with it, and since that day that has been race DHEC has been my choice of suspension for my my motorcycle. Good job of those guys and of course. And not just the suspension but the the the quality in the people that work there Robin Wyatt they treat you is such care and you know commitment to like eating your bike better. Yeah. CONGRATS. And that's what makes it even better. Absolutely. Who's the fastest amateur kid? That you remember racing with or watching that never really made it. probably. I would say Jonathan's shrimp or Shane. Best. They were good name the poll, right? Yeah. They were to to believe it or not. They were to riders that I rode with and grew up with your in southern California where lived on Seamy Valley and more park. So we would ride with Shane best all the time and we ride. Stevens, that's what it was called. The statement I I used to live at the house of the top of a hill wonder by old writer and I rode with you one day Mike. You did nineteen, Ninety, seven or eight. Was it was it at Stephen at the supercross track you were on sixty s or whatever the hell you were on fifties sixties I remember nineteen. Ninety eight. And and your dad brought you and jeff out there and and I was just riding doing laps because I was a mechanic for. Pro Rider then. You're you're probably the top mechanic. St No not at all but anyways, I do remember Tony Bringing you and you and jeff to ride the supercross track when you were literally six, seven, eight years old how old you are it was it was phenomenal. That's how much you were writing. But like I say, Shane Breath back in just like to see his career where it went and you know it's it's it's something to be said about the amateurs you know once they get to the pros it things changed man it. It really does it. It's not the same as amateurs in for sure the success that you might have amateurs more times than not it doesn't transfer over into the pros and. You know someone like Dungy or even like RV, you know not super successful as amateur they get to the pros and it's like a light flip switches and they got a good team good trainer. It. All starts clicking YUP and. Ship was good job shit. I forgot about Jonathan ship very good also. Yeah. For sure Jonathan's Shampoo Brian McGovern. Shane. Best. Those are my mic Yup Mount Rushmore call it. That that didn't make it right right. Well Hey. Thanks for the time. I really appreciate it. My congrats on the two stroke thing I saw some video of it looked pretty fun and pretty cool. And man. Thank you for the time on the podcast today I think people will enjoy this and good luck with everything and I don't know win I'll see you around probably super cost twenty one you'll stop by hanging. If you'RE GONNA be at the vet. Saying I'm not going to be there. It's definitely something I'd like to do but like I. said I had a great time this weekend the two stroke national with my sponsors Eddie Sanders votto concepts Mike. Genova. Blends all I just had a great group of of people around me that were. There to help me and sponsor me and. was able to come out to have a good weekend and make a bucks which was good. And now we're driving home. Nice. Nice we'll thank you for stopping to take the time to do this I. really appreciate that and thanks for your time today. Mike we'll talk to you soon I'm sure. Thank you. Thank you Steve.
1094: Debt Costs a Fortune by ESI of ESI Money on Long-Term Borrowing Costs of A Mortgage & Saving
"The quick we recommend listening to this show on spotify where you can listen to all of your favorite artists and podcasts in one place for free without a premium account. Spotify has a huge catalog of podcasts. On every imaginable topic. Plus you can follow your favorite podcasts. So you never miss an episode. Premium users can download episodes to listen to off lime wherever and whenever and easily share what. You're listening to with your friends on instagram. So if you haven't done so already be sure to download the spotify APP search for optimal finance daily on spotify or browse podcasts. In the Your Library Tab also make sure to follow me so you never miss an episode of optimal finance daily. This is optimal finance daily episode. Ten Ninety four debt costs a fortune by. Esi Of yes. I money dot Com and I am your host and narrator of the show. My name is Dan and welcome to another Sunday edition of optimal finance daily. Hope you're having a terrific weekend and this podcast is where I read to You. From some of the best blogs in the world with the permission of the authors of course. And if you like today's episode you'll probably enjoy our other show. Optima living daily just search for optimal living daily in the PODCAST APP of your choice to find it. So I'M GONNA keep this intro next and short for you today and let's get right to our post as we start optimizing. Your life debt costs a fortune by. Esi Of yes. I'M MONEY DOT COM. We've all heard the stories of people who have gotten out of debt. And how wonderful it is. Dave Ramsey has made the freedom yell standard for his listeners who have eliminated all their debt. And yet the debate rages. Is it wise to pay off all your debt or not? There are arguments on both sides. This post is designed to address one aspect of the debt issue. The cost debt. Many people know that it's expensive but they don't really tally up the numbers. And that's what I hope to do here. And for those of you. Who Don't know I've been debt free for twenty years or so other than my recent house purchase where I needed to take a short term loan because my previous House hadn't sold yet the cost of debt. Let's begin with this post from money magazine. Titled You're going to spend two hundred eighty thousand dollars on interest in your lifetime. Here are the highlights quote the typical American consumer will fork over an average of two hundred seventy nine thousand and two dollars in interest payments during the course of his or her lifetime so says a new report from credit dot com which analyzed the lifetime cost of dad in all fifty states and the district of Columbia based on average mortgage balances credit card debt and credit scores. The size of the nut varies dramatically from state to state residents of Washington D. C. Where average new mortgages are four hundred? Sixty two thousand dollars. And the average credit score of six fifty six falls squarely in fair range can expect to pay four hundred fifty one thousand eight hundred ninety dollars interest the highest in the nation concerned. Dc residents might want to consider hitching a ride to Iowa where the average new mortgage is the nation's lowest at one hundred twenty thousand four hundred sixty seven dollars add in an average credit card debt of two thousand nine hundred thirty five also the lowest in the country and a credit score of six eighty nine and residents of the Hawkeye State. Have a lifetime cost of debt of only one hundred twenty nine thousand three hundred ninety four dollars and quote as someone who grew up in Iowa had to smile. The reason there's low debt in Iowa is because there's nothing worth buying in Iowa. Okay okay those of you from Iowa. Don't shout me down I'm just kidding. I Love Iowa I still consider it home and my parents still live there so settle down and take a chill pill. Let's discuss this a bit before we move on one that's a wide range from DC to Iowa and proves the exact point. I was making in become wealthy by having a high income in a low cost city to two hundred eighty k. Isn't as bad as I thought it would be. I've seen debt costing his highest six hundred thousand dollars over a lifetime. Three the credit score really makes a difference. I put six eighty nine into an online calculator. And you pay zero point. Four percent more with that score versus the top group score of seven forty plus the difference is roughly fifteen thousand dollars over the life of a thirty year mortgage not to mention additional costs for car loans etc and four on a personal note. I've lived in the number one for a summer and number ten now. Top Ten states with the highest cost of debt but also the number one growing up and number eight for five years. Top Ten states with the lowest cost of debt. Debt costs millions. Now let's dig into the cost of debt itself. Go with me. Along this path. The average person pays two hundred eighty K. And interest in his lifetime. If he hadn't borrowed he would have never spent two hundred eighty K. and could have invested instead over forty years. That's equivalent to an extra seven thousand dollars per year. So let's say we invested seven K per year for forty years at eight percent that adds up to almost two million dollars. Yep read it and weep. Debt costs hundreds of thousands. But that's a bit overboard rate. Everyone borrows something for some time. I paid off everything in my thirties and still borrowed for a decade or so. So let's assume that a person has to borrow some but pays it off in twenty years saving one hundred forty thousand dollars. A Hundred Forty K. Over twenty years breaks down to seven K per year. Seven K for twenty years at eight percent is almost three hundred fifty k. Still not bad. Most people could do a lot with an extra three fifty k. One more time. Let's say you follow my plan and pay off your mortgage and everything else in ten years. That leaves you thirty years at seven K per year at eight percent. That's over eight hundred fifty thousand dollars. Yes the numbers may be off a bit but if anything they would be better by paying off debt early you avoid interest over a long period of time saving you way more than simply taking a fraction of the total but it's close enough and directionally correct so let's all agree that debt costs you a ton investing versus paying off debt. Now I can hear a bunch of voices saying they can borrow at one rate and invested a higher rate so debt pays for itself in theory. This may be true. And I understand this intellectually but consider the following one paying off. Debt is a guaranteed return. Investing at a higher rate is not to investing starts small like with a thousand dollars at a time while debt is large from the get-go for instance two hundred k. Mortgage earning eight percent on one thousand dollars is way lower than paying four percent on two hundred K. Three the freedom factor. Good feeling for the retire. Early factor. Know. How many people I've met. Who said they would like to retire but can't because of their mortgage a ton. I could not have retired as early as I did. If I had a large mortgage payment hanging over my head and five the vast majority of people do not have the discipline to keep debt and use it to fund investments instead of investing. The difference by keeping dead most will spend the difference. And I've seen it over and over again. If you want a well thought out response to this issue see a PECs comment on fifteen year versus thirty year mortgages and that peace is linked in his post. How about this as a balance? Save up your money and invest it. Let it grow then buy a house by using a large down payment and make extra payments to get rid of the dead within ten years of course if you grow your income as I recommend you can do both while we were paying off our house. I maxed out my 401k contributions every year. Yep You can invest and eliminate debt. You just listened to the post titled Debt costs a fortune by Esi of yes. I'M MONEY DOT COM and a real quick thanks to anchor for hosting this podcast. Anchor is the easiest way to make a podcast. They'll distribute your podcast for you. So it can be heard everywhere spotify apple podcast Google podcasts. And many more you can easily make money from your podcast to with no minimum listenership anchor gives you everything you need in one place for free which you can use right from your phone or computer creation tools. Allow you to record and edit your podcast so it sounds great. Download the anchor APP or go to anchor dot. Fm to get started and that's another edition of optimal finance daily. In the books. I thank you so much for your support and for listening each and every it is all thanks to you and our authors for helping us get where we are today so hope. You have a great rest of your weekend. If you're listening in real time and I will be back with you tomorrow for the Monday. Show where your optimal life awaits.
Full Circle Weekly News #155
"You're listening to full circle. Weekly News News Items are compiled by Arn Free Wall Brick and delivered by me your host Leo Chavez. This episode covers the Fourth of the Tenth of November Twenty Nineteen Red Hat. Enterprise Lennox Eight Point. One officially released following the new predictable release cadence announced earlier this year. Eight point one add support for live. Kernel patching colonel based ESI Lennox profiles more developer tools and languages like goaling dot net core red hat insights and analytics offering is now available to all supported rail. Subscriptions sparky Lennox's November Eyeso- brings Debbie and bullseye updates this release of sparky ads. The latest software updates and security patches from bullseye uses will be on colonel five dot to dot seventeen by default but with five dot three dot eight and five four Dash. Rc Five available to install. Debbie and Sid Repos her back but are unstable as usual be aware that installations using encryption only seemed to work if not using a swap partition. Microsoft edge will be available on Lenox at Microsoft Ignite Conference links available in the future appeared on a slide during the state of the browser. Talk the new chromium backed edge. Browser will be available on the fifteenth of January Twenty Twenty but Olympics version will likely be released at a later. Date singer becomes top level project of the Apache Software Foundation. This project is a scalable distributed machine. Learning Library originally developed at the National University of Singapore. In two thousand fourteen it was then submitted to a patchy incubator in March of two thousand fifteen. The current focuses are single light which allows deep learning on edge devices with five G. and Singa easy which allows those without a deep. Ai Background access. To Information Canonical will fully support a boon to Lennox on all raspberry Pi Boards. This promise extends to a Boon to server and boon to core for all existing and upcoming Raspberry Pi models a release of nineteen dot. Ten is already available for the Pie for but his currently not working properly on the four gigabyte model because of a kernel bug that prevents usb from working properly unless the ram amount is lowered to three gigabytes. A colonel fix is forthcoming canonical colonel. Live Patch a boon to advantage. Client is out for a boon to fourteen o four. Espn available to extended service maintenance users. The abundance advantage client can be invoked by the command. Ua and will provide fixes for high in critical vulnerabilities for commonly used packages. And the two main archive canonical Advantage is available for free on up to three machines a boon to bug reveals your media files to others without warning a bug. I reported a day after the until nineteen ten released has begun making the rounds affecting non genome versions of into nineteen ten. This bug mistakenly automatically runs the wriggle home media service which in turn shares all pictures music and videos in their respective folders in the home directory to all devices on the local network. A permanent fix is on the way but in the meantime users can uninstalled a rival package live archive vulnerability can lead to code execution on Lenox free. Best and net best after the patches made available in several Lennox and freebies destroys. The bug was made public. The bug would have allowed code execution by downloading infected files. There are no known proof of concept or in the wild experts for this vulnerability. This has been another episode of Full Circle. Weekly News for more news and ramblings find me at Liotta Vets Dot. Org Follow me on twitter at Leo Chavez or hear me and my fellow co hosts on mint cast. And I'll see you next week.
"I'm Jessica Harris. This is from scratch. My guesses assist Essie Weingarten founder of the Nail Polish company Esi Esi is available in roughly twenty five thousand salons in more than one hundred countries. SC SC launched in one thousand nine hundred eighty one with ten thousand dollars and the company was bought by Laurie Allen. Two thousand ten se is from Hollis Hill Queens. Welcome it's my pleasure to be here Jessica. Before we get started noticing that you are wearing some red nail Polish. Can I see your hands for a second. What do you call that color? She's pampered. When did that color come out? Probably about ten years ago. But it's so apropos now since I'm not working and I'm enjoying life and I feel very pampered. When did you get them done yesterday? As a matter of fact how did you come up with a name she's pampered. It was from a collection where it was all about opulence and this was one of six colors and it always is about the theme so she pampered. Just looked right to me it was like a rosy red and it looked like any woman could wear it when she's feeling really special people who know the brand se who used the nail Polish. They know you for your names as well as other attributes names range from wicked too fancy. Japan's Tomboy no more rockstar skinny. And I feel like these neither just on the right side of Nadi. Can you talk to us about your. You're you're thinking surrounding the names. Well I always wanted to have a personality so if the names had a personality women would remember them if it's numbers it's so so impersonal and it's like what number is it. If they don't remember the whole name they remember something about the name and this is a very funny story. A woman met me what she said to me. Oh my God your essay. I was in a salon and this woman Ashford dancing shoes and I said that's not one of my colors and she said No. No No. I know it's one of your callers. I said I don't have anything dancing shoes to make a long story short talk about ballet slippers and I said Oh got it okay ballet slippers when we went through the whole thing which you know. Everyone talks about ballet slippers when they're talking about it delicious pink color and to me. It was my days of misleading at Belet's school and everyone else wore black leotards and I wore pink Leotard so it was always that childhood memory of me being feminine and special and when the Queen of England wanted the SE ballet slippers. I received a letter with the royal crest and it was. Hr Age and it was the hairdresser of the queen of England and basically hey asked if I would sell them the Polish I said of course he wanted to know if I could ship it immediately and I said I'll hand deliver it. I mean I was. I thought I you know arrived at the Moon so Queen Elizabeth Wears Ballet Slippers. Wouldn't it be funny. She wore like Bikini so teeny I would love it. I think would be social on her toes. Speaking of Queen Elizabeth there was another woman in In the early days who really kind of a helped you become. I'm thinking of Joan rivers. Jelly yes joan was very special. She was on Johnny Carson. She was Basically I think she was side kick that night and Johnny asked her what she was wearing and she said on the tonight show. I'm wearing jelly apple by ESI and I did get to thank her before she died in person and I mean that was very special day in my life where were you. Were you watching the show coincidental. Yes I was I was at Johnny Carson fanatic. So I didn't miss a show if I was home I saw it and this is a nineteen eighty-three it was probably eighty one or two. So you didn't know this was coming to you. Can you describe that moment or you were you by yourself sitting on your couch or I was in bed yet. Listening to Joan rivers Johnny and all of a sudden it was like like did I hear right and you pinch yourself. They're talking about my baby. Did you get phone calls that night. dearie member yes. I did as a matter of fact lots of calls and by the next morning was like everyone was talking about it and by the way this is before a social media and this is before you're able to watch the show again and again on on Youtube you're lucky to have seen it otherwise you would have just heard about it absolutely. Yes how the world is strange. So I WANNA go back to Nineteen eighty-one on when you decided to launch essay with ten thousand dollars how did you muster the ten thousand dollars. Where did that come from? I was working. I worked at Henri Bendel bill for a couple of years I was going to fit in the evening. And then after Bengals I went to work for ladies Hosiery company that was owned By two brothers and they did private label pantyhose. Do you remember like the moment when you went in and you told your boss you know what I'm doing this company. I'm off my own on. Yeah I do. I said I was leaving in. He was not happy and basically said we're not going to give you the ten year pin and I around have to live without it and I moved on when you are ready to go. You gotta go. I love that you didn't. You didn't get your ten year pin. Uh I'm Jessica Harris. You're listening to from scratch. My guest is Essie Weingarten founder of essie Nail Polish company with more than three hundred colors. The company was bought in two thousand. Ten by L'oreal what other ideas did you have for starting a business other than Nail Polish did you have a maniacal focus. I was pretty focused focused that there was no one doing colors that were great a formula. That would be looking wet for a whole week. And if I found the chemist to do would and all major chemical companies and cosmetic companies were looking at the big picture they were looking at foundations with the money is nails. The that money wasn't a nails. I mean in one thousand nine hundred eighty one. They were only two big companies doing nail Polish. And I just thought that you know it made me Mayfield special. If women started getting their nails done because in nineteen eighty-one women who had been elst were very wealthy. It wasn't a luxury. Sorry that we have today where everyone can have announced on the affordable luxury. So I went looking for a chemist and that was it was a whole year of really getting ready when I found the right chemist and he gave me a few formulas and I tested them out and I found the formula that I loved then I had to give him colors and I was saving ribbons and Pincushions and from all my travels I save colors. That really spoke to me. Incredible colors that was shop and clean and clean was very important. I didn't at that particular point that we're no muddy colors in my life and He had to match the colors. And I know you're GonNa Laugh but I started with twelve colors. I mean you try to start align today with twelve colors people would just turn their back on you but it was such a different world and I was a pioneer. I changed the way women. Think of nail color. It became a fashion accessory. Serie that if you Nelson not polished. You're not dressed right and as you're talking to me I'm I'm curling my nails into my shirt so you don't see that I'm not wearing right. Nail Polish well. You're half-dressed say. You found this chemist who really you know helped helped you get everything off the ground. Where who what was his or her name and where was he was a New Jersey and his name was Stanley? He's no longer with us. Unfortunately but he was a very big pot of my success success. I mean I've always had an amazing team around me. He just listened so you you launched with these twelve colors and went to the names range from well. Well some of them are still in the line boredeaux which is like a very good bottle of red wine. It's a deep delicious burgundy color and and blunk and babies breath block. Is that true chalk. White and babies breath was a softer white for French tip of a French manicure which was a very a big part of our beginning very popular in the early eighties. So you launched and you decided to go to Las Vegas when you launched because the women in casinos you know. They had hands that everyone saw and also it was a meeting place of sorts for women from all the coasts who traveled there. Can you talk about. WH- what you did in Las Vegas. I mean it was very important to me that I go to a place where I get the Best Bang for my buck and I thought Las Vegas biggest eighty-one between showgirls deals dancers that were always in the public eye that always had beautiful hands and beautiful feet if I could get them to to try the essay Polish. Wow once you try you hooked. It's the best addiction around and it did work. I just left samples at every every beauty salon and less than a hundred in nineteen eighty-one an every hotel spa. I left them a little plastic bag with twelve collison. Listen three treatments and I call me if you like it. Within two weeks every single one of them called and placed in order. I was like I have a the business. You're in your early thirties. At the time you remember even that trip to Las Vegas with all of this nail Polish in your bag absolutely it was like guest today. We went to Kennedy airport because it was a nonstop flight And you were allowed to take whatever you wanted on the plane I mean I must have had ten cartons weighing sixty four pounds. Each there was no not a problem. If you had ten suitcases. They took ten suitcases. So you've got this approval from Las Vegas immediately but you also. I walked the streets of New York City. which is your hometown? Can you tell us about what with that. Look like absolutely. I was very organized so I started on ninety sixth street. I did ninety six ninety fifth ninety four ninety third from York. Ah To fifth then. I took eighty sixth street and went down from. They are than I did. The West Side. I mean we years ago. They weren't nail salons in every corner. I know you can't believe it. They were beauty salons and parlours beauty. Parlours exactly some of the salons listed in in the yellow pages. I didn't have cell phone. Can you imagine and you'd go up and they were like really not salons and you would run down the stairs because he wasn't even elevators in the building. What were they something like lady? What are you doing here and I said? I don't think I belong here. Let me leave the salon right. Did you have a problems with making enough to fill the demand as well. The truth of the matter is When I first started? I didn't think I'd ever be able to sell all the bottles that I had to. Because it was a minimum of gallons that you had to buy it and I'll never they get they said to me The minimum order is fifty five gallons and I went and how many puddles do I get from one gallon. One Gallon is two hundred. Oh my God how am I going to sell one color and ten thousand exactly and it was like not a problem because if the colors right and the quality is right it's give me. Everyone wants it. The names that you come up with really are auto auto biographical in a way they come from some fragment of your life. Can you give examples. I mean we have such funny stories. We were doing a trade show in Mexico Sicko city and we went to hail a cab and we saw the traffic wasn't moving so we said never mind now in Mexico City the taxis a little Volkswagen bugs and the taxi drivers wear white gloves and they open the door with like this little handle thing and I went. Never mind never mind as he a yells at us. Sandy beach it was like he was practicing this curse and he knew I was American and he well. Needless to say I had to come up with a color. Alec Colson. Beat but you know we were in Paris July fourth and I fell on my behind. It was pouring rain. We will going to Kathy for quite so I came up with the color right after that very quickly called cafe forgot because I never want to forget cafe for quite when we were looking for a home in the Hamptons so I came out with a collection and the colors were like very important because it was south of the highway or Montauk the end and would soon road or picket fence. It was something to do with the beach and everyone said to me. Oh the HAMPTONS. Who's going to know about the Hamptons? Only people in New York walk will. It turned out that everyone in Europe wanted the Hampton collection. Everyone in Asia Watch at the Hampton Everyone in the Middle East want to Hampton so it was just I have to have the the Hampton collection because everyone wants a piece of the hamptons going back to the early days of getting interest from New York salons. Do you have any recollections elections of one or two Part beauty parlours that really helped to escalate sales for you absolutely There was a place called nail nook on Second Avenue. It's no longer there. And Seventy I guess it was seventy Fifth Street and then Ruzica to Philippa. We had a Josephine Allen who was on top of yellow fingers and now she's a SC flagship salon on sixty fifth between Madison and and Park for the first few years you had a different bottle now. There's this iconic bottle that's square-shaped and it has your name. Se Let's see. Your real name was esther but you're never call that down the side. How did you decide to make that shift? Well when I first started and I went to the glass company I said I wanted my own mold and he said to will have your own mold. You have to sell at least two million bottles a year and I went. Oh my God. How am I going to do that? Well shortly thereafter within the first four years I was able to do it with no problem. Two consecutive years and the bottle manufacturer said to me. If you really WanNa do your oh mold we can do it. And I said it's really important to me I needed something. That would be very uncomfortable in the manicurist hand. 'cause she's holding the bottle all day. I always like very angular things. I like straight lines nine. I'm not about round this and I came up with this bottle which is round on the inside but square on outside and all the edges are soft round. So it's fits right into the nail ticks hand and the weight is evenly distributed now. The anatomy of a bottle is as you described the bottle itself. But there's also the brush and there's a little metallic is it a steel ball inside a two stainless steel mixing. Pulse if you have one. It doesn't do anything you need. The friction of the two balls hitting each other. And that's just to keep everything blended so so you just roll it in your hands. You don't shake it because the two mixing bowls can break through the glass so you roll it and you keep the Polish Nice and fresh and the brush rush. Is there anything special about the hairs or anything. Absolutely our brushes custom made for us. All the brushes had one hundred ninety nine hairs. I and we always kept the brushes very thin so you can get into the corners so you have a nice neat manicure you grew up in Hollis hills else queens and your father ran a party rental business And he died when you were sixteen and then your mom took over the business correct. He he died a week. Before my sixteenth birthday pancreatic cancer and my mother would never worked a day in her life. She was you know she was. Life was on a silver platter so your mom was left with her five children and started running this business. Did you help out in the business. That of course I still do what was has done like so you you rented chairs and tables and balloons and everything for a party. It's still in your family. Yes it is who runs it in potty time mice mice mom and my sisters two sisters a fulltime and young adult Queens. Yes Queens Boulevard. Nil burst your mom whereas whereas the one who took you by the way to your manicures starting when you were six years old if you are a good girl in la she would take you to get your nails done absolutely and that was the only time I sat still and I sat for one hour blowing them dry because there was no such thing as quickey drops or anything like that you had had to sit or else you smudged and you had missed so I wanted them to be perfect. So I- staff there. There were not many colors to choose from a you know at the time. What what accompanies Did you use. Do you remember. Remember as I remember they will only two one was revlon and the other was L'OREAL and that's the joke of the whole all story and there. I am twenty nine years later. Selling my baby to L'OREAL your father also was complicit in this nail nail Polish love affair of yours he would take you to an apothecary owned by his brother to pick out even more colors absolutely absolutely do you know where the Max stores on Fifth Avenue and Fifty Ninth Street. That's you there used to be a hotel called the Savoy Plaza Hotel and and that's what Uncle Ralph had his apothecary and we'd go visit Uncle Ralph on Sunday after the Lower East side and my dad would let me pick a colors that I would hold in my hand as my conscience that whole week. I WanNa talk about partnerships the most important of which was with your husband. Max Thirteen O. who was the CEO for a while before you sold the company to Lori L.? How did you meet? Max Met Max in California at a trade show Oh he wanted to buy the only publication that was available at that time which was called mainly manicuring and instead of purchasing mainly manicuring he met se and he was really originally from Rome Italy and living in California and at the time he he was he was in business with his ex wife Selling jewelry for the nails correct. You know everyone said Oh. You need a European man that the only one unsettle understand a woman in business and and it was just a great fit. And at what point did he join you in the business was that a no-brainer. Or did they take some once. He moved to New York. He joined me and Max was always the visionary. I didn't have the name in the glass. I just felt that every salon and loved the Polish and they would put their own label on it. And he said WHO's putting their label on it so it was his idea on the Motley. Absolutely good idea not all of them but most of them. What were some good ideas? Oh well everyone wanted to a lipstick to match the nail Polish. And you know everyone would ask you for it and it is a great idea. But they're no makeup artists in the salons telling the woman try this color. It looks great on you. It just sits there collecting dust. So how long did you dabble in lipstick. Oh probably probably about five years. We didn't give up right away. You know the truth of the matter. Is it Esi was born about colors. I mean that's what I'm known in four colours on my life. Let is your apartment look like is it colorful no. It's not as a matter of fact because I was always working and color so the apartment is very very much white and Doc Brown. Lots of woods different woods. Different texters very simple because everything else is what I do. Every single day of my life. What other mistakes? Oh plenty of mistakes. If we didn't make mistakes we would've never grown. Oh we came out with the second line. That was a mistake steak. It was called Max and then we had to change the name to club Max. Because one of our competitors went to P. and G. He's instead we would trading under the name of Max factor which it was not max factor was my husband. Max Angie propaganda did you ever uh have other investors never so it was all run by your sales all the capital that you sit from the sales and of course I'm to me you know you have a year and you'll see what happens and she said if it doesn't work it wouldn't be a shadow which is a shame and that's all I had to hear. I said you'll wait. Wait and see. There'll be no shame here. Your mom was she helpful in the business. Of course she became to trade shows. I mean she's amazing. I mean she's the rock she really. We gave us very good values in we all had to work and she never takes no financer as you know. We've learned that from her her and were you brought up in a religious household. Well we had two sets of dishes. We had a coach lots of times that we mixed up the silverware and it was like Oh my God you have to put it in the dirt outside. Afri- would say oh you you have flowers ansel the way growing in your garden so you know fun. Things always fun. I'm Jessica Harris. You're listening to from scratch. My guest is Essie Weingarten founder of Esi a nail Polish company with more than three hundred colors se is available in roughly twenty five thousand salons in over one hundred countries. You mentioned that one of the two nail Polish companies that sold nail Polish. When you were your six and seven year old self getting a manicure was L'OREAL in little? Did you know that you would sell the company sell. SC See to Laurie. All you know in two thousand ten. You had an initial flirtation with Laurie. All in two thousand and five when they came to you and I was interested in an acquisition. Can you talk about the two thousand five conversational. I got a phone call in the office. And the switchboard operator said is a call from Lori. L. Will everyone in the office like their ears. Perked up they really wanted to buy the company and we would not big enough number one and number two. We didn't want to sell the company. There's no no reason to sell the company we said goodbye and they said they ever come back. That was in two thousand and five fast forward to two thousand ten and Laurie. Al Approaches you again. Why are things different? This time well. We were growing like crazy. I mean when the economy started to tank in two thousand eight our business was on fire at that point in two thousand seven business was really good and we started with an architect. We were going to be adding onto our building. We were expanding the parking lot and we will going up and then as the economy started to get funky in two thousand eight. I put the stop sign up and I I said let's wait and see what's going to happen instead of business just kept on growing double digits and we were busting at the seams. Of course he was right and we should've built. It was two thousand nine Christmas when I got a phone call wishing us A Merry Christmas yes and I said they're back because they said they would never come back and after that phone call. We didn't hear from them again till I think it was the end of February maybe worry and when they called again they said they wanNA deal and they WANNA quick. They were afraid that I was sent it back out of the deal which I could have done very easily but you know if I make a commitment my words my bond and I stick by it so why why did you sell because we were busting by the seems. I mean we really will working like three shifts around the clock We had no more room. It needed capital to expand. No we have capital. We just needed you needed location number. The one I mean we had. We were very aggressive with inventory. Always were Always had containers on the ocean coming in from Italy. Ali constantly always was aggressive with chemicals. I mean lots of pails lots of I mean I was never out of stock and everyone knew you wanted something something you never had to wait for it. And that was that was part of the Magic Formula California. They got it in a week New York New Jersey Connecticut. They had it the next day and everyone knew it. I spoiled my customers rotten and I loved every minute of it. The SE is available in over one hundred countries. And and you're the first country was Japan. We were in over a hundred. We thought one hundred nine when we sold the company and then they came back to us after the due-diligence has said you didn't tell us the truth. You're in one hundred and fourteen countries. Do you notice anything Culturally different between like what Americans want on their nails versus a woman in Jordan do even so in Jordan for example just reduce matter-of-fact. The truth of the matter is when we were in Kuwait which was quite interesting. They will women praying and the cultural difference was before they pray. They have the Polish removed. And after the dump praying they get their nails done again. So it's really great. Mock it and I thought that was something so interesting and the in Dubai of course it's completely different but we were doing a shoot for a magazine and it was this woman wearing a broker and I said would you. I'd like to be in the article. And she said she would and she took off her burqa and I never saw anything so beautiful my whole life. She was a banker and she said if my husband sees this Hill Hilmi and I thought I would die. I mean and this is like like only two thousand eight or nine. This is a Lou by in Dubai. You're saying wow. The world has moved so fast. And then you find these little clusters where women are still living in the past. Where do you get your nails done? I get my nails done at Samuel Female streaky on sixty fifth street. And when you do get manicures at other places and when the people don't know you do you tell them that you are. Se No who of course not My little stepson would always say you know who she is and I would say Ben. Don't do that then comes to get your nails done and something Ben would be there. Yeah they get very nervous. I will tell you they when they find out they get real extremely nervous. I don't know why but they do did they. was there every time they didn't believe you that you are indeed. Se well you know. Sometimes I'd go into a salon and it wasn't even to get a manicure. Just just be selling product and I would say hi a messy and they would say manny manny and I said no no no no I miss it. Alo- I just want to. You know introduce myself and they get a a little bit confused but It was always fun and yet the business card always worked right now. The market has changed changed a bit. I mean it used to be basically exclusively women and now more and more men are going into salons and male grooming. Is You know increasing in importance to men. Do you know many men who get their nails polished. Absolutely a lot of them will get one color of either one coat of Mademoiselle which my husband happens happens to wear because it just looks like a good finish almost like a woman Blush so it's a little bit of something but it's no one could tell it's a color and then some men really getting color. La You'll see men wearing a lot of sandals flip flops and they have pedicures and they were in color and the first time I swear it was sale and he was wearing Dominika Green. Seal the deal the singer and then he was wearing a ruble blue and I went like Heidi yes You know and I've been really fortunate from ADC. And when I say eighty to see all these celebrities from Anjelica Y- you know delegate Houston into Renee Zellweger they all wore se and they would share in tell you these stories and I never did any Celebrity endorsements they a war. They spoke about it because they loved it. And I mean how lucky can a woman be. Thank you very much for joining us. It's my pleasure Jessica thank you my guest has been Essie Weingarten founder of Esi. I'm Jessica Harris. This is from scratch.
Evil Was Waiting
"He wasn't my biological gerald for my heart. Get dull it to her. I love that boy this. It's not fair that he was taken for ms children or permits family. Jesse fell for events a man in uniform holding the fort during his long deployments. My hat goes off to all military wives. It's not easy. It's not she was a good mom tom. She loved the kids reunited. At last. They celebrated then on the drive home every car. They're stranded convince tells his wife he's going to check on to how he was laying there with what appear to be several gunshot wounds to the head her husband a father of five day. No one could understand it the type of person that he was. I don't think he ever had an enemy or did. He said we me that there was another person needed to be looked at a winding investigation. Leading deep into the dark sounds like a love triangle. We will terrific with like why are you kidding me. I'm lester holt and this is dateline. Here's andrea canning with evil was weighed. <music> hopkinsville kentucky cornfields picket fences and patriotism just to the south is fort campbell home to more than thirteen thousand army soldiers and their families after facing danger all over the world soldiers return to a collective sigh i of relief after all bad things aren't supposed to happen here but when one young sergeant returned from a tour in afghanistan he had no idea the enemy would be much closer to home gonna see if some guy needed multiple gunshots to his face and he had only been back from fighting in the war of such a short period of time delays tragic my heart doc surgeon vincent goslin junior a twenty eight year old father of five had served served in the army for seven years as a quartermaster and mechanic did vince ever express to you what it meant to him to serve his country he absolutely we loved it. Tim hamilton is vince cousin but as he explains it they were much more than that where you kind of like a big brother events with him it was. I don't know how we had bond. He had an outgoing personality hit as crazy little grin. You always knew what he was doing. Something mysterious tvs and tim recalls the mischief. He invents got into growing up in a small michigan town called cadillac. Go play in the creeks. Go efficient. We actually built a raft out of barrels of during the water and tied sticks to and never floated sounds like huckleberry finn but vince is childhood story wasn't always so adila ic. Vinci's mom laughed right at eight months old so he was raised with this dead. I think his dad was married. Six times it so that was a little tough on him. Janet madison s and considered herself insists surrogate mom. She says growing up. He spent a lot of time at her house. Her son was his best friend. He was just. It's like one of the other boys he's he was always there. We they did everything together. It seems like youtube had quite a connection events. What was that all about. I think a lot a bit was. I never judged him thence. Was you know he was the purest tattoo kid the droopy pants the spy tear the you know and i just treated him just like me and you and then one day he came to her with some life changing news was he scared finding out he was going to be a dad. You probably was scared but he was afraid that i would be mad at him. In the vince had two sons from two relationships by the time he was eighteen but janet says you'll never saw them as blessings how was vince has as a dad. He was awesome. He changed that diaper. He cleanup that puke and he he he didn't care his kids. Were his world <music>. Then someone else entered his world a hometown girl named jesse home vince love jesse unconditional and you could see it. He was happy he loved her and janet says he started to settle down moved in with jesse's family and quickly bonded with her dad of vietnam vet what he was the one who suggested the military might be a good way for vince to get on the straight a narrow so vince joined the army in two thousand five. He was twenty one years old. This is a boy who's gone from baggy pants and spiky hair too now. He's going to have the military cut and the uniform <hes> i mean that's a that's a one eighty three myths. That is a one eighty hits what he needed. You must have been really proud of him for making that stop. I was always proud of him. I'm so proud of with vinci's career heading in the right direction. He took another big step and pop. The question <music> jesse said yes. There is a connection between them to that. They loved each other to death. You know they would argue. I think they actually ed just argue just so they could make up. Some people say that's the best part this after the wedding kids soon followed for the happy couple two girls and the boy as a surgeon in the army then spent a lot of time overseas so it was up to jesse to handle the home front and take care of the kids on her own. It's not easy heaven a husband who's away. It takes someone special to be able to endure that and get through that. Tim says somehow somehow jesse. Invents made it work when we'd see him jesse in them as a family. They looked like a great family. By two thousand twelve vincent jesse esi had been married for six years despite some bumps. Tim thought life was good for vincent his family but shortly after returning from afghanistan vince his second tour were there. Tim got an unsettling call from him. The son of his voice was if something happens. I want you to know what's going on but he wouldn't tell me a few days later on february third vincent jesse went out to dinner to celebrate his safe return at a place called charlie's or lease he started driving home back to the base then turned off the main drag onto this dark and winding road the delio road where evil title was waiting when we come back a wife's harrowing tale the hsun after another driver makes an alarming discovery a start tried yelling adam and see if he was awake alert something and it was a moon-less february night in hopkinsville kentucky around a._p._m. When a frantic call came into nine one one not one of correct needed how jesse goslin told the operator that her husband sergeant vincent goslin had been shot when he tried to help a motorist stranded branded on the side of the road jesse was hysterical elvis fan. I can understand what you're saying. You're going to go on down to me. She tried to calm down. Jesse told the operator after being shot vince came back to their car but was unable to get in because a man was pulling him back. <music> vehicle vehicle jesse says she drove away from the scene as her husband had instructed minutes later another nine. One one call came in died for my house <music>. This is the man who made the call. Ultra ferguson said he was getting ready to visit his cousin when he heard the gunshots living around here. We are a lot of gun shots so i didn't think nothing of it. I got my truck started to come down the road as soon as crests. The hill i saw trucks lights came on and he just bolted altered up. So what did you do when you when you saw this truck well i mean i went and turned around and as i came back around i made sure r._b._m.'s run ended up seeing his body there on the side of the road walter spotted a man lying face down in the dirt so i start tried yelling atom talking to see if he was awake alert something and i started looking for a phone that it had it on me so i had to end up zoo zoom back to the house call nine one christian county detective ed stokes race to the scene. We were just notified that there had been shooting on fidelia road and one male possibly deceased. Tell us what you see when you arrive here at the scene. The first thing i noticed was <hes> sorta gazans thousands body lane here in the gravel <hes> with a large amount of blood around the body. Could you tell if he had been shot. We found what appeared to be gunshot wounds to the head and showcases lane near the body inside crime scene backed up the thought that he was shot. You say he was shot in the head. God grant the face creek was personal is personal to me <hes> because that person that shot take him nine times wanted him dead well. Detective stokes work the crime scene about a quarter of a mile down the road deputies. Were talking to jesse. She was hysterical crying almost sometimes you couldn't even understand what she was saying. There's jesse on her knees collapsed on the side the road this was a wife who had clearly been through a traumatic situation. She had just watch her husband. Get shot multiple times. Yes <music>. Detectives took jesse back to the station to get her statement her stomach. It seems couldn't take the horror. She just witnessed by now. Christian county commonwealth's attorney lynn prior had been notified. What did you think when you heard that. A soldier from fort campbell has been gunned down. He's barely been home from his tour of duty. It heart <hes> we take could great pride in having fort campbell is part of our community fact that our soldiers protect us every day and we wanted to make sure that we got justice justice for him was jesse able to describe the person who shot her husband she initially described him as a black man and i believe wave that's pretty basically all the description she was being able to give jesse also described the killers car. It wasn't much for police to go on and and to make it even more difficult. The eyewitness walter ferguson had seen something different described the truck that you saw speeding off as he passed me. I could see that it was a white truck unless all the four by four on it but that's about as much as i could see so the witness had seen a white truck truck and jessie said she saw a reddish brown car investigators had a lot to sort out a murdered soldier a distraught wife an unknown motive and a giant secret about to be discovered coming up jesse reveals a bombshell about bowed her husband people if the story check out that's pretty serious. If approve datelined continues <music> was this case a top priority. You have an american soldier gunned down and a shooter on the loose. Every detective we had was working this case. Did you worry about the safety of others it. I it's always a thought through our mind is is a serial killer careers. We have no motive yet so yes. It was very important back at the christian county sheriff's department twenty five year old jesse goslin continued to speak to detectives actives. She was emotionally and physically distraught mar. She kept asking about her husband. Jesse still hadn't been told if he he was dead or alive. You <music> finally the detective came back and broke the news about out vince wells. The tragic news of inches murder spread fast throughout the base and to family members janet vince vince is surrogate mother got a call from jesse's mom and she foot china. It's been an excellent benson's ventura. I was devastated. I was like what what do you mean. He's been shot vinci's cousin. Tim immediately left his home in virginia and traveled to kentucky still in disbelief. How can they survive two times times in afghanistan. Come home to show by some worthless thug that didn't even know you must've felt also horrible for jesse and for the kids absolutely i must have called or at least fifty times trying to figure out what's going on and and be there for her and the kids by now jesse had left the christian county sheriff's departments and headed home. She's picked about friends. I came back to her house. Just one fort campbell the day after the murder local police and agents from fort campbell were canvassing the goslings neighborhood. This is now a mix of army investigators. Gators and local investigators. They knocked on the door of k. and william rae the couple who live next door to the goslings. What they had to say was so compelling. They asked them to immediately. Come in for an interview. He said he had some information about something. That misgovernment told you some some trouble. <unk> somehow got involved with a drug least twenty guys love math and got jumped and stole away from the guy's supposed after him for the month. The raise explained to the investigators jesse had told them about the drug dealers weeks before the murder. She seem worried at all about going on in your house ever since then scare. She's her life an soldiers who these people were very few board from word about that later that day detective stoke says has k. ray convinced jesse. She should talk to military investigators. Tell them what she told. Local police it turned out to be a fateful decision just does he gets in with the the friend and they go to seattle headquarters with k ray sitting next to her for support jesse gave a detailed held explanation about why she turned down that deserted road. She said as they were driving home. She was at the wheel and she started to feel sick. Then suggested they pullover turned out i wrote he told me to drive until walk. She said that's when they saw the vehicle with the hood up and vince got out to help not long after she heard gunshots. Maybe three popping so the edges take it. It was going. She described a chaotic scene with a random motorist but then investigators asked her about vinci's involvement with those drug dealers suggesting perhaps that wasn't so random after all jesse told told them what she knew arch of mother he said the death she heap will check into his truck usage. If we could find anything out from friends means family <hes> he was using or even dealing drugs if the story checks out i mean that's pretty serious if we can prove that you while jesse she did her best to give the investigators leads police working the case in the field got a new lead of their own and it sent them in a very different direction coming up vince is killer threaten jesse to she was getting text messages from this man that's what she indicated yes and and that he would kill her and her children if she didn't comply with what he was telling her today <music> hi it's katy tur wanna keep up with m._s._n._b._c. while you're on the go subscribe to the m._s._n._b._c. daily newsletter. You'll get the best of what you've missed. During this unprecedented era of news text m._s._n._b._c. two six six eight six six to subscribe one day after the murder of sergeant vince goslin the investigation was unfolding fast in the field detectives were gathering evidence and talking to witnesses and at fort campbell the interview rooms were filling up hours you the head in one of those rooms jesse goslin asked jesse had given law enforcement of possible motive motive for her husband's murder. She said vince owed money to drug dealers a lot of money. Jolly prosecutor prior was getting regular phone updates about all the witness interviews but to her jesse's was the most important jesse gave police a key new detail. She said on the night of the murder. One of those drug dealers contacted her. You have to talk to you directly. She was getting text messages from this man. That's that's what she indicated. Yes and that he would do harm or kill her and her family her children if she didn't comply with what he was <unk> telling her to do that's when jesse admitted she didn't drive down fidelity arose because she was feeling sick the they told me to turn on the road turn on this road next in doing join. She said she felt she had no choice but to go through with what the man said even though she suspected something bad was about to happen dressy as jesse's this is interview on fort campbell headed into its second hour sheriff's detectives across town working on tracking down the truck seen leaving the murder scene figuring that they they could find the truck they would find the killer or river walter ferguson the witness who had described seeing a white colored four by. I four trucks speeding down the road gave police more distinctive descriptions about the vehicle were so so with our detectives quickly found neighbors told them they'd seen a truck just like that many times in the neighborhood. They searched d._m._v. records and found the truck. It was registered to a former soldier who had lived on base at fort campbell twenty-four-year-old jared long. Terry long was very much a person of interest at that point. He's not on base anymore. Now where is he. We didn't so detective stokes says lawn. Forcement immediately got busy trying to find him mm-hmm. We actually put a tent locate out all surrounding states and counties from here to colorado where he was from and in fact he was stopped by trooper in colorado. He must have really high tailed it out of kentucky to get to colorado that fast quick when he was pulled over was he driving a raised wait truck. He was a light grey. Dodge pickup truck was lifted with large tyres hand loud exhaust matching the description russian of our witness so you're thinking you might have your man here. Yes he might have thought he had his man but police decided the fact that jarrett's truck matched. The description of the eyewitness wasn't enough to arrest him. They stalled as long as they could. I think and ultimately had to let him go. That's potential evidence when striving away who knows what's in that truck what's on his clothes. I mean you've it's all it could all be destroyed that was all evidence potential official evidence that we wanted to get our hands on and had no ability to do so at that time that's tough very tough but detectives pressed on and while trying to figure out who jared long was and why he would want vince dead the uncovered new information about their main witness jesse coming up jesse's neighbors reveal that they too at seen jared struck outside jesse's house how often overlapped i deploy dateline continuous <music> at fort campbell jesse goslin was talking to a military terry investigator giving possible clues about her husband's killer. Meanwhile detective stokes and others from the christian county sheriff's department thought they were onto onto something he believed located the truck from the crime scene and knew the name of the driver jared long now they needed to know why he would be involved in vinci's murderer. Our units detectives along with the c. i. D. agents from fort campbell. Do they neighborhood canvas on post and what they he discovered was a bombshell neighbor said they'd seen jared's truck not just in the area but parked jesse's driveway. K ray live next door. I would see him driving the truck with her reagan's. I will to hug driving the truck and what she said next really got what the investigators attention how often on a weekly basis for just over two point two times as he looked deeper into this potential relationship between jared and jesse how serious was it from what we could gather other. They live together on base and if sergeant goslin came home for any reason then jerry long leave for a couple of days while he was here sure it was stunning. Stokes was now convinced. Jesse was not the devoted army wife. She seemed to be instead. She was at the center of the deadly. Love triangle both men in love with jesse kirk jesse in love with one man. I believe so to the detective evidence that jared and jesse were a couple was piling up like when police ran the place of the car jesse was driving. The night of the murder came came back to jesse goslin and jeered log. They owned a car together by now. Police had had enough jesse's shifting stories and confronted her with what they knew how his truck you know he told her they knew all all about her. Romantic relationship with jared jesse admitted she endured hung out together but continued to deny there was anything sexual between them should their friends friends and he stayed there on the couch. Jesse did admit she invents. We're going through a tough time but she claimed they were working. Things out always i'm not gonna walk not that person you you toss was and besides she said vince knew all about jared yet in the house but investigators didn't believe her more than three hours into jesse's interview after repeatedly denying she and jared had a romantic relationship sanchez. Sex jesse finally changed her story assurance. Uh he shot him non cons when investigators told prosecutor lin prior that jesse had admitted to having being a romantic relationship with jared. She knew this was a big moment. They were planning a life together could be a motive absolutely a motive because because who was in their way of being together for the rest of the lie her husband and jesse had another possible motive as a military wife she would receive a big payout from her husband's life insurance policy four hundred and fifty thousand dollars. She certainly could have benefited greatly from the death of her husband it before jesse's eight hour interview was over she had admitted to seeing jared the day before the murder tell town it and and but it wasn't the sex investigators were interested in jesse had one more story to tell she claimed that jared had talked to the drug dealers and if he roughed up vince vents somehow that would satisfy them then she said jarod told her her job would be throw shoulder a lot say straight but the prosecutor and detectives weren't buying it instead without realizing it jesse had finally given them what they needed. Why is there now enough to arrest her because she's admitted her her part in getting vincent to the location where he was ultimately killed in kentucky. Being an accomplice to murder is the same as actually committing the murder that grieving wife hysterical by the side of the road getting sick in front of police was charged with her husband's murder there your hair as for jared long because of jesse's admission that she endured had planned to harm vince police now had enough enough to arrest him to track down again this time near his home in colorado they did a film stock called him out. Go prone on the ground. I am pleased to meet cuffs worn on. They had a warrant to search his truck. This time colorado threes were able to obtain a search warrant for mr launch truck. They found a shell casing that ultimately was matched to the shell casings found at our murder scene and end. They swabbed the truck which eventually led to evidence that indicated a gunshot residue had been left in several places around his vehicle. It should take that silver colorado police brought jared and for questioning jesse. He didn't hesitate to talk about his romantic relationship with her. Take awhile back sometimes and we serve out the next thing i do and ah i knew she was married but he also admitted to being in kentucky. Keep on the day of the murder says he left before dark about five thirty. What he didn't know was jesse had already pointed the finger anger at him. She has spoken with detectives and she has told a about the plan that you guys have excuse when she puts her and bins and you and the witness puts you and your trump at the beginning plus out at this point. You're going to play at this. I want to say stop leave on lawyer. This is gone well but i'm capable sollozzo. They now had two suspects in custody and ask for that drug dealer story. Detective stoke says that was just a hoax. Jesse cooked up to throw off police and she told this story to several people including her neighbors the raise who unwittingly corroborated her story. Did you ever find any evidence announced that vince was an volved in some type of drug deal gone bad no that men were were out to get him and his family not not. We could find anything that with other than her story. Janet vinci's surrogate mom was horrified when she learned that jesse the woman who had seemed so good for vince was now implicated blockaded in his murder. How was devastated. I was like why is she rest. Did you think she was capable of killing. Never there's wars. Why wouldn't you just get a divorce. You give true even with jesse story and the evidence against jarrett. The case was far from closed. An unexpected twist was about to put the whole investigation into a tailspin dan. Did you worry that one or both of them could get away with murder coming up prosecutors face. A major setback. I was livid is their case about to collapse. I was devastated all over again. <music> prosecutor lin prior already felt she she had a solid case against gerald long and after his arrest police found even more evidence in his truck. There was one spot of blood the belong to vinson goslin colin on the backpack of jared long. This has bingo right here. This is more evidence enough had in most of the murder cases prosecuted. How do you explain the victim's blood blood on your backpack. When you're hundreds of miles away. You can't unless you're the person that killed him but prior new the case against jessie wasn't as airtight. It was very much a circumstantial case because there was no physical evidence implicating her. Did you worry that that wouldn't be enough to get a conviction somewhat somewhat. Yes jared long was not willing to give us anything to help out with regard to implicating jesse but we knew that it was her involvement that got jared to wear been sunless killed. How are you going to prove that with her own words but then entered defense attorney mark bryant he represented jared long and he had a plan that could benefit jesse to this strategy was to get jesse's interview with police thrown out and how would he do that. Ms goslin had told the local police department that she didn't wanna talk that she wanted a lawyer and so under the law you have to break up any questioning and they did and they sent her back home to fort campbell but you might remember after that her friend convinced jesse to go speak to the military police on bass. Jesse gosselin spend eight hours with the police after that very day. She said she wasn't gonna talk without lawyer. So it's just a different police. Agency bryant argued in front of a circuit judge and since jesse had already asked for a lawyer the military police should never have questioned her the judge agreed. He made a decision that that confession that she made implicating. Our client should be set aside beca- a law enforcement agency for the military police should have follow the same rules that the earlier earlier police department in christian county had followed during that day jesse goslin statement was thrown out the news hit vinci's family hard here in the news that pence was killed with horrible but what the justice system did was unfair when nate through that added court. I was devastated all over again when we thought that she was gonna walk away. We thought that they were going to get away with it but prosecutor. Peter prior wasn't going down without a fight. She filed a motion with the kentucky court of appeals jesse and jared meanwhile. We're out in about relatively free <music>. How did you feel about booth. Jesse jared being out on house arrest with with just ankle bracelets. I was livid argued to the best of mobility to the judge about why someone that was charged with such a heinous murder should be out on an ankle monitor. Her and none of the arguments that i made were convincing to the judge then everyone waited and waited four long years i went by before the appeals court finally reached a decision and sided with the prosecution. What's that moment like when you get word that it's been overturned and the statement we'll be allowed us very much relieved prior considered her options and concluded that of the two jared deserve the harshest punishment jared long was the one who pulled the trigger on tom's jared long was the one who took the life of vincent goslin so we wanted to make sure he received the maximum punishment mishmash that he could for this crime to do that. The prosecutor needed not only jesse's videotaped statement. She needed jesse to tell a jury the whole story she and jared plan to murder vents. We needed her testimony about the reasons why they planned to kill vincent sent and the way that they planned it out so the prosecutor made an offer. If jesse pleaded guilty to complicity to murder and would testify against this jared she would recommend a sentence of twenty two and a half years behind bars. She agreed to this plea deal she did after our long talks and very heated discussions so now with time served the woman who played the victim betrayed her husband and lover lover could be set free in a little more than twelve years. Some people think the sentences too light. I don't disagree with that that the sentence was too alight but after discussions with law enforcement with family members we determined that it was worth it to have have her to be able to say in her own words what happened and why a different prosecutor then took over the case against jared long the commonwealth attorney mark blankenship and as he looked over the case came to a different conclusion about who was most responsible. I've felt that the mastermind of the crime was jesse. She didn't pull the trigger but <hes> without her. This doesn't happen what bothered me was at the bar. Got set at twenty two years for the mastermind of the cra so blankenship did what he thought he had to to be fair and offered jared deal l. to thirty years in prison for pleading guilty to first degree murder jared agreed jared at times sort of being portrayed as this kind of victim a little bit of jesse that she was the mastermind but vince was shot nine times in the head and the face on i mean you cannot discount that no for anything. Oh it bothers me. He should have gotten more than thirty years. Tim vince his cousin was torn about jared's punishment jesse. She should have got more time than when he did because she manipulated him. Is that the jesse. You knew this master manipulator obviously she must have been manipulated us because as i would've never pegged her. I believe that she should do life as for janet the woman who stepped in as vince vinson's mother it's hard for her to describe the pain she feels. She watched her surrogate son. Go from a tough kit to a tough soldier. He became a good an honorable man. Only have it all needlessly taken away. He wasn't my biological child by hurt. You can't sell l. Let iheart. I loved that boy and it's not fair that he was taken from his children or permits family so much potential he had gone so far and that's all for now. I'm lester holt. Thanks for joining us. Hey it's chris as from m._s._n._b._c. Every day i come to the office and we make a television show every day. I think to myself they're so much more. I want to talk about and so this is our podcast. It's called. Why is this happening and the whole idea behind it is to get to the root of the things that we see lee out every day. They're driven by big ideas each week. I sit down with a person uniquely suited to explain why this is happening new episodes of wise this happening every tuesday. Listen for free wherever you get your podcasts.
1037: [Part 1] Five Steps to Six Figures in Seven Years by ESI of ESI Money on How To Make More Money
"Real quick we recommend listening to this. Show on spotify where you can. Listen to all of your favorite artists and podcasts in one place for free without a premium account. spotify has a huge huge catalog of podcasts. On every imaginable topic. Plus you can follow your favorite podcasts. So you never miss an episode. Premium users can download episodes to listen to off off lime wherever and whenever and easily share what. You're listening to with your friends on instagram. So if you haven't done so already be sure to download the spotify APP search for optimal finance finance daily on spotify or browse podcasts. In the Your Library Tab also make sure to follow me so you never miss an episode of optimal finance daily. This is optimal finance daily episode. Ten thirty seven five steps to six figures in seven years part one by Esi of ESI. I MONEY DOT com. And I'm Dan I'm your host and narrator bringing you some of the best blogs on personal finance seven days a week and if you have any topic requests for US please share those by visiting old podcast dot com that's L. D.. PODCAST DOT COM also a quick reminder that you are automatically entered into our book raffles if you're part of our free weekly newsletter newsletter mailing list. So if you're not on that already. Now is a great time to join. Just come by old PODCAST DOT COM and sign up but for now. Let's get to the post as we start optimizing using your life five steps to six figures in seven years part one by yes. I of the SL money dot com as you can tell from the title. This piece is kind of provocative. That's the way I like it. I actually wrote this post several years ago. And updating it now the promise in the title is even easier now than it was then and much easier than it was for me when I completed the task almost twenty five years ago. Of course six. Six figures isn't what it used to be either but I'm getting ahead of myself. Let's start from the beginning making six figures. Historically making six figures has been two who income earners what becoming a millionaire has been for those tracking their net worth a lofty goal achieved by only a select few and while neither a six-figure earner nor a millionaire can bask in the luxury they could a few decades ago. There's no doubt that earning over one hundred thousand dollars a year still puts you in a select group in fact according to a handy calculator that I've linked in this his post only eight point three percent of all. US individuals with incomes and only twenty four point four percent of all U s households had incomes of one hundred thousand dollars or more in two thousand fourteen so despite the drop in purchasing power from the days of old if you earn one hundred K.. Or more each year. You're still in pretty good group. So how can you get into the six figure club. There are many roads to this golden path lottery inheritance takeover a family business etc.. But many if not all of these are out of your control troll as such. I'm going to focus on what I consider to be the method that will give them most people. The greatest chance of earning a hundred care more by developing a career and growing it over over time specifically. I'm going to tell you how I got to six figures in seven years and how you can use these principles to do the same some caveats. You're probably he's skeptical and I'm okay with that at this point. Listen on with an open mind and I think you'll be pleased and while I can assure you that the tips I'm about to give you are proven and repeatable. I must admit that they're also challenging. Therefore I'd like to make the following perfectly clear before I get started one. These suggestions are difficult to follow. They require choir tough choices time commitments sacrifice discipline and a bunch of other traits. That most people don't want to bother with if they did. Many more workers would make six figures. That's their choice. Of course but these same people should then not complain that the steps won't work or are too hard or whatever. This piece is not titled Five Easy Steps to six figures in seven years for a reason. They're not easy to. There are exceptions to these principles. Probably many exceptions just like with any personal finance finance advice people's situations skills opportunities personalities likes dislikes and so on are different. What works for one person may or may not work for another three. I'm cheating bit just to be completely honest. The seven years noted in the title are Post College in my case Post Grad School. One could argue argue that those years of schooling should count toward earning six figures. And if you'd like to count them go ahead but five steps to six figures in thirteen years just doesn't have the same ring to it. As the current title and for these tips will work. They worked for me. This is exactly what I did to earn six figures and seven years in addition. I've had many friends and colleagues colleagues do the same so I know it's repeatable if you follow the steps I'll end this preamble by saying I'm not trying to brag though I realize some of this may sound like it just offer you a firsthand experience of what worked for me in fact. I've had eat a lot of humble pie during my career. The road was not smooth or without its own challenges but even with with those obstacles I've been able to live out the principles that follow and lead to a six figure income. I hope you can do the same. The five steps that said here or my five steps to six figures in seven years one get a higher earning degree from a good school. It's a fact of life that certain college degrees result in a higher. Earning potential potential so graduating in one of these fields gives you a built in jump on the pack as you try to reach six figures quickly. If you WANNA be a teacher. That's fine it's a great and noble profession. Listen but it's likely you won't be able to make six figures quickly if ever if you focus on the top few degrees and the professions associated with them. You'll get a big head start towards it's reaching your goal note that I suggest you go to a quote unquote good school. In my opinion you do not need to go to a top notch. College to make this work. I recommend going to the least expensive school that gets you the degree you need and the initial job. You want once you do this. The school that you attended makes very little difference in your career or earning potential. I went to a top twenty five business school not top ten or even top twenty but I left with only five thousand dollars in debt and the job that I desired for my targeted employer others who started ended at the same time I did and in the same position came from top ten business schools and many had tens of thousands of dollars in debt. I know because they complained about it often before before I decided to go to my graduate school. I knew the employer. I wanted to work for recruited there you should know the same or at least the set of employers. You'd like to work for just like a resumes as main purpose is to get you an interview. Graduating from colleges primary purpose is to get you that first job often. A good school can do the job just as well as top up college to work for a name brand employer at your first job no matter the field there are certain companies that have an aura of respect around them. Companies is that are known to be good trainers and that are admired by people in your field around the country and if good enough the world some of these include Google Apple Disney Nike Heikki proctor and gamble the Mayoclinic McKinsey and so on there are two main reasons. You want to work for a top notch company here those in tomorrow's episode. You just listen to part one of the post titled Five steps to six figures in seven years By ESI OF ESI MONEY DOT COM and real quick. Thanks to anchor for hosting this podcast. Anchor is the easiest way to make a podcast podcast. They'll distribute your podcast for you. So it can be heard everywhere spotify apple podcast. Google podcasts and many more you can. Easily make money from your. PODCASTS is to with. No minimum listenership anchor gives you everything you need in one place for free which you can use right from your phone or computer creation tools. Allow you to record and edit your podcast so it sounds great. Download the anchor APP or go to Anchor Dot FM to get started. And I'M GONNA finish up that post for you in tomorrow's episode but that's going to do it for today here at optimal finance daily. Hope you're having a great Saturday if you're listening in real time and I sincerely thank you for being in here each and every day and four subscribing and sharing the show with others if you can. I'll see you back here tomorrow for the Sunday. Show where we're going to finish up this post. And where your optimal life awaits.
1001: Why I Use a CPA to Do My Taxes by ESI of ESI Money on Tax Preparation & Outsourcing Financial Work
"This is optimal finance daily episode. One thousand one why I use a CPA to do my taxes by Esi of yes. I MONEY DOT com. And I'm Dan I'm your host and this is where I read to you every single day of the week from some of the best personal finance blogs in the world and we cover all sorts of financial related topics from saving in investing to budgets too early retirement and so much more and before we get to our post today. If you have a business or if you know someone who does you probably know that small business toners where a lot of hats and some of those hats are totally great but some like filing taxes and running payroll for example can be not so great and that's where gusto comes in Gusto makes payroll taxes and HR actually easy for small businesses fast simple payroll processing benefits and simple management tools. All in one place Gusto automatically pays and files your federal state and local taxes. So you don't have to worry about it. Plus they make it easy to add on health benefits and even 401k's for your team seem those old school clunky payroll providers just weren't built for the way modern small businesses work but Gusto is and better yet. Now's the best time to get set up up for the New Year. Don't wait listeners. Get three months free when they run their first payroll. Try a demo and see for yourself at Gusto DOT COM slash O. F. D. that's G. The U. S. T. O. dot com slash O. F. D. and. Now let's get right to our post as we start optimizing your life Why use a CPA to do my taxes by es I of yes I money dot com when it comes to financial issues choose? I'm generally a do it yourself guy. I don't need a financial planner because my own financial planner. I don't need an investment adviser because my own investment advisor and the list goes on. I figured that if I know how to do something why do I need someone else to tell me how to do it. Besides no one cares more about my money or knows what I like. Don't like and want to to accomplish better than I do right. That said there are times when I need a financial professionals help. I used a lawyer to draw up our state plan. I use insurance professionals to buy all types of insurance I needed a good one when I purchased my disability insurance policy since they can be quite tricky and I use a CPA to do my taxes. A lot of people. I talked talk to can see a reason for the first two but when I mentioned I use a CPA for tax purposes. They wonder why I don't do the taxes myself. It's not that I couldn't do the taxes myself. It's that I choose not to and there are some very good reasons why why use a CPA for my taxes. So for the record here are the reasons I use A. CPA eight to do my income taxes by the way I referred to my CPA as they. Because I meet with a couple individuals the main partner as well as the CPA who actually does my taxes one. They save me money the number one reason I use a CPA is that they save me more than what I pay simply because they know more about the tax laws than I do they stay up to date on the seemingly endless number of tax law changes and know all the tax breaks that apply to my situation. I know a lot about taxes myself but sometimes I forget forget and a gentle reminder from them can save hundreds if not thousands of dollars for example. I was meeting with the firm's main partner and he suggested that I give away some appreciated stock to cover a charitable commitment. I made rather than sell the stock and pay the funds by doing it. The former way I would avoid taxes on the capital gains this amy several hundred dollars I knew of this method and had used it several years ago but had forgotten it because there were so many years there where I had no gains likewise each year. I put together a list of what I think are possible deductions. The never seemed to fail at coming up with one or more that I hadn't thought of thus saving me even more two. They saved me time. My taxes are complicated. Having a professional take care of these issues saves me countless hours trying to do it myself. My return was over one hundred pages last year. I think we all know taxes are complicated unless you have the most basic of returns well. I have several considerations that make them especially complicated and I want to be sure that I follow the letter of the law my CPA. Make sure I do this. What are these complications? Well in addition to my basic income from my job I have a side business. Real Estate Holdings Investments Investments and an LLC investment partnership with some colleagues. There are a few other issues as well. Do you know how long it would take me to put together the tax returns with the issues. I have forty hours. One workweek eighty hours more even if my time was only worth ten dollars per hour and it's worth a lot more using a CPA more than pays for itself in the time savings alone three. They make sure I am legal. Having a professional accountant complete my taxes. Make sure I have all the bases covered it and won't run afoul of the government. I feel better having them complete my filings. There's a piece of mind factor that is worth a lot. Yes there have been a couple of times the IRS has had questions chins about my return and my see is handled it for my income is high enough to justify the cost as a percentage of total income. The eight hundred dollars I pay which covers federal and state taxes for me and my wife and separate taxes for each of our kids is not overbearing. Five if there's an audit they'll go with me and defend the return. Yes I will have to pay them to defend me but do I want to be answering to the irs alone. No thank you if need be. I'll call in the cavalry. aval refer an audit there are a few other benefits they provide like filing electronically sending the refund. If there is one to my checking account and keeping me away from common tax filing mistakes that could either cost me a penalty or lose time and getting back my refund but I think a lot of tax software. Does these things given these reasons using a CPA is not only well worth the cost but a total no brainer in my opinion Oh and it's partially deductible as a business expense for some icing on the cake I still do tax work just to be clear. This doesn't mean that I totally abdicate all my tax work to a CPA. It's not like I take a shoebox full of receipts and dump it on them. I spent twenty hours or so combing through quicken records files receipts and the like to develop a summary of what I see as income and deductions. I also write a letter detailing issues. I think need to be addressed as well as any questions I might have doing. This helps the CPA be completely accurate and completing my returns. In addition having the information they need in an orderly form helps them spend less time completing my returns which saves me money and after they complete round one of the taxes. I looked them over with a fine tooth comb almost every year. I catch a few mistakes. Things they thought meant one thing that really meant another they then make the appropriate adjustments and the returns are ready to be filed so just because you use a CPA doesn't mean there's no tax work for you. Doing what you can to work with them will help save you even more time and money as well as make sure your returns are absolutely the best they can be. You just listened to the post titled why I use a CPA to do my taxes by the SL of yes. I MONEY DOT com. And don't forget that Gusto offers modern easy payroll and benefits to small businesses across the country. They were even named best online payroll by P. C.. Mag Get three months free. When you run your first payroll I'd Gusto DOT com slash lefty? And don't wait because now is the best time to get setup for twenty twenty that's Gusto dot com slash lefty and. That's it for today. Thank you so much for listening. Hope you have a great start to your weekend and I'll be back with you tomorrow. Where your optimal life awaits?
1121: Stop Making Money Excuses by ESI of ESI Money on Financial Preparation Empowerment & Improving Your Finances
"Real quick we recommend listening to this show on spotify where you can listen to all of your favorite artists and podcasts in one place for free without a premium account. Spotify has a huge catalog of podcasts. On every imaginable topic. Plus you can follow your favorite podcasts. So you never miss an episode. Premium users can download episodes to listen to off lime wherever and whenever and easily share what. You're listening to with your friends on instagram. So if you haven't done so already be sure to download the spotify APP search for optimal finance daily on spotify or browse podcasts. In the Your Library Tab also make sure to follow me so you never miss an episode of optimal finance daily. This is optimal finance daily episode. Eleven Twenty One. Stop making money excuses by. Esi OF ESI MONEY DOT COM and welcome to optimal finance daily. I am Dan. I'm here every single day reading to you from some of the best personal finance blogs on the planet and hope. You're having a great Saturday. Thinks of course for listening and I've got a post today from. Esi money and if you didn't know we actually give away books on instagram. And we do that pretty frequently. So if you're not following us there yet you can find us at old podcast for now. Let's get to today's post as we optimize your life stop making money excuses by ESI. Of yes I'M DOT COM. Well it's been a while since I've had a good rant here so let's fire one up today. I've been blogging on one side or another for over twelve years now. It doesn't take nearly that long. In fact it takes about two minutes to realize that people like to make excuses about why they aren't wealthy. No matter how simple the topic where suggestion might be. There's someone with an excuse about why it won't work or why they can't do it. Here's a sample of common money excuses. Some that I hear most often I can't grow my income. All your tips are only applicable to a select few and I'm not one of them. Sure I would be wealthy to if I made a large income but I don't so I can't get hit. It's impossible for me to save any money. I'm not an investor like Warren Buffett so I'm doomed to work all my life and on and on most won't help themselves. I'm not going to address these individually other than to say they all have very simple solutions for someone willing to take a bit of advice. But here's the bottom line. Most people don't want help most don't want to do even the simplest tasks to help themselves become better off. What they do want is to do exactly what they're doing now which requires zero effort or sacrifice and still become wealthy. In the meantime they make excuses to make themselves feel better about why they aren't wealthy because it's out of their control. It's not only blog readers. I used to see this all the time in real life. If it takes effort few will do it. My wife and I were financial coaches for years. We would meet with people to help them with basic financial issues mostly budgeting and getting out of debt at no cost to them. They were referred to us when they contacted the organization. We were volunteering for and asked for help. We lived in Pittsburgh at the time and got all the referrals for the North Hills. In Pittsburgh where we lived the organizations procedures worked like this. The person needing help would contact the organization the organization would send them a note with our contact information. The organization would send us a note with the person's contact information so we know they might be contacting us. We were not supposed to initiate contact with them. They had to contact us or else. The referral simply dropped. Here's a rough estimate of how the numbers broke out of the people we were sent referrals for. Maybe half contacted us. It was probably closer to a third of the people who contacted us. Maybe half would commit to completing a budget. We would send them. It was probably closer to a third of the people completing the budget may be half would agree to an increase in get together to review the budget form. It was probably again closer to a third of the people who met with us. Maybe half would take suggestions work on applying them and agree to a second checkup meeting. So if you're doing the math somewhere between two percent and six percent would actually go through. The process do the work and then take steps needed to get their lives on the right financial path. Most of them wanted a fifteen second answer to a twenty year problem seriously. They wanted to know how we could get out of debt quickly after they'd taken five ten or twenty years to build up that debt. Oh and they didn't want to have to change any of their habits to do so not only that but of the people who did make it through the budget review most wanted no part of making any changes we had people. Tell us that things like weekly manicures for sixty dollars each and lately trips to a restaurant were quote unquote necessities. And there's no way they could cut them out. We'd explain they then either needed to make more money or cut something else to things. They couldn't or wouldn't do us now. I must pause a minute here and say there are people who legitimately have issues. They don't make enough to do much of anything and might be unable to work. But these people are few and far between the vast majority of people who claim they can't take any financial steps are simply too lazy and would make excuses than take action career. Excuses abound these days. I get the most excuses about income specifically around growing your career why. Someone can't earn more to help themselves financially. My general thoughts on this are one no one is able to do nothing and get good raises people who do nothing get do nothing raises which aren't high to no matter what your profession there are people who make more and people who make less at it so don't say that doesn't work for my job it does work for your job find someone who has done it take them to coffee and pick their brain three growing. Your income doesn't take a twenty hour commitment each week. You can make simple small steps during the normal course of Your Day. That will add up to great things over time for you. Don't have to have eight percent raises each year to do well financially if you get two percent raises for no action but then do something and get four percent raises. He will be much better off than two percent. Difference is huge and five. There are tried and true steps. You can take to grow your career. How do I know I did them? Over a twenty eight year career I saw others do them and get ahead. I taught them to people and saw them get ahead. So don't tell me they can't be done or don't work because I know otherwise and it's not just career. I could make the same arguments about almost any financial topic. Saving investing retirement side hustles and on and on. Don't excuse yourself see what I did there. So stop making excuses personally. I don't care if you are poor your entire life if you refuse to help yourself. That's your choice but don't try to justify it with one excuse after another. I'm tired of hearing it if you want help and will do something others will help you. I will help you. That's what this blog is about. Helping people achieve financial independence. But if you WANNA make excuses. You're not doing anyone any good especially yourself hugh. I feel better now sir. You just listened to the post titled Stop Making Money Excuses. Buy Yes I of Yes. I money dot com and a real quick thanks to anchor for hosting this podcast. Anchor is the easiest way to make a podcast. They'll distribute your podcast for you. So it can be heard everywhere spotify apple podcast Google podcasts. And many more you can easily make money from your podcast to with no minimum listenership anchor gives you everything you need in one place for Free. You can use right from your phone or computer creation tools. Allow you to record and edit your podcast so it sounds great. Download the anchor APP or go to anchor. Fm to get started. And that's going to do it for today. I do hope you have a great day and are having a great weekend. Thanks so much for listening as always and I'll be back here with you tomorrow. Where your optimal life awaits.
1258: How to Save a Fortune When Buying a Car by ESI of ESI Money on Saving Money on A New Car
"This is optimal. Finance daily episode twelve, Fifty, eight. How to save a fortune when buying a car buy? Yes. I of Yes. I MONEY DOT COM and I'm Dan I'm your host. Welcome back to optimal finance daily where I read to you from some of the best blogs on personal finance single day including weekends and holidays, and we have five shows that cover all different topics using the same format. You can find them by searching for optimal living daily wherever you're hearing this. Now, let's get right to it as we continue optimizing your life. How to save a fortune when buying a car buy? Yes. I of Yes. I money dot. com. I have purchased three new cars in the past ten years. Yes. I like buying new cars and driving them forever, and sometime in the future, we can debate whether that's a better deal than buying used. If nothing else give me some slack and allow that it's one area where I treat myself. Anyway, on each of those three car purchases, I have saved thousands of dollars by using the methods I'm about to detail if you want to save a bundle on your next car purchase, I suggest you do the same. Here's my method for getting the best possible price on a new car. One do your research. Head. Online to Edmonds to review the myriad of cars available today consider your needs and your budget including gas and insurance. To find the size car. You can afford check the site for well rated vehicles that meet your needs. Also review all the options for the two or three cars that seem to be the best choices for you noting what each model has available and its prices. TO GO OFF LINE AWHILE Go to the dealerships and test drive your top few contenders seeing how you like the driving experience of each. Then when you're back home considered this experience with the information, you gathered off the web and pick your favorite. Three get. Information Go back to Edmonds and enter in your potential car and options you'll get an estimate of the dealers invoice price his cost as well as the true market value or t m v the amount others in your town paid for the car you can beat the TM V. You know you've gotten a good deal. For get the inside scoop. Order new car price report on the car you want at consumer reports these used to cost fourteen dollars, but it looks like you need to subscribe to the site to get them. Now, this information will verify the edmonds data and also reveal any dealer incentives rebates manufacturers pay dealers to sell a car if the dealer receives five hundred dollars for selling your car for example, his cost is five hundred dollars less than the listed invoice price f why I did this on my first two car purchases and didn't on my latest one I don't think it hurt me at all. If you have enough competition, someone will bid as low as possible including all kickbacks even if you don't know about them Five identify potential dealers. Search the web for dealerships in your area. The best way to locate all your options is to go to Google Dot Com and search for the car model like Chevrolet your city. For example, Nashville Tennessee and the word dealership. This should give you a choice of several options. Record an email address for each one, get at least four to six of them within a one hundred mile radius of your home. Last time I use ten, but that could be overkill. Six email them all. Develop a standard message that tells who you are and details of the car. You want tell them. You'd like to know their price for such a car and that they should respond back by email all your negotiation will be by email so you can avoid the hassle of negotiating in person. Here's the US last time. I would like to get a quote on the following vehicle one trim twenty eleven highlander base model four by four three point five Liter v six non hybrid engine five speed automatic to options cold weather package CK tech package teepee. Three colors exterior black interior ash fabric. For Excess Series mudguards thirty three M. F. and auto dimming? Mirror thirty, three and one. I am aware of MS RPM invoice prices and would appreciate a competitive bid I have received a couple others and they're pretty good. Please respond via email to this request. Thank you. Seven go back and forth. As the email, you back keep asking the higher price dealers if they can do better, let them know that they're not the cheapest and are in danger of losing business I just respond with something like I already have a better offer than that. Can you do better? They'll either lower their prices were drought. No matter what an individual dealership does. By this time, you should be below the TM V, with a few dealerships. Eight keep lowering the price. The bidding will start to slow and dealers will begin to drop out saying something like this is my best offer. Tell them that you already have lower offers for the exact same car, most likely dealerships quoting your sourcing the exact car from the same dealer if they can't go lower thank them for their time and effort. Nine. Keep looking for savings. As you get down to the last two or three, remind them that you are aware of their costs, including incentives and encourage them to go lower eventually, they will all arrive at their lowest price at this point, ask about what else they can do to win your business. For example, can they throw in free oil changes for two years or give you some added accessories like floor mats at cost some will jump at this and some won't you never hurts to ask. Ten close the deal. As one winner appears to emerge, offer them a price that allows them to make a couple hundred dollars with incentives added in to close the deal most dealers will take this offer especially, if it's at the end of the month and they need to hit a sales quota by the way, the end of the month is the best time to buy if you can do it at the end of the year as well you're going to have a very motivated seller. Eleven keep them honest. As you near an agreement price, don't let them throw in extras like advertising fees, special charges, or anything else other than taxes and delivery which everyone pays I had a dealer tried to charge me an extra two, hundred, ninety, nine dollars for some sort of bogus fees I told him no way and then if he added it, I would walk he removed the charge. And Twelve, get your car. Print out your emails and bring them to your closing to be sure you get the agreed upon price and buy your car, and that's it. Buying a family car doesn't need to be intimidating painful or costly. Just do your research online, take your time and get the car you need for the best price. Possible. You just listen to the post titled How to save a Fortune when buying a car by Esi of es, I, money dot com. And a real quick thanks to anchor for hosting this podcast anchor is the easiest way to make a podcast. They'll distribute your podcast for you. So it can be heard everywhere spotify apple podcast Google podcasts and many more. You can easily make money from your podcast to with no minimum listenership anchor gives you everything you need in one place for free, which you can use right from your phone or computer creation tools allow you to record and edit your podcast. So it sounds great download the anchor APP or go to Anchor Dot FM to get started. And that's going to do it for today. Hope you have a great rest of your day and I'll see you right back here tomorrow for Thursday show where your optimal life awaits.
Introducing the Black-Owned Etsy Shops Team with Fresh Seed Glow
"Hi, I'm. Culture Hi I'm on. Yeah, and my shop name is chiming Idoney Anya. New. Freak Sudan London. I'm Jed and I'm tess, and this is the Oetzi success podcast. We're part of the marketing team at Esi Broadcasting from our homes in Brooklyn. This podcast is powered by a t and is your source for tips on improving your shop and for inspiration from your fellow sellers. I am so happy that summer is finally over why it's too hot too hot. I. Don't like being sweaty all the time I. don't like how sunny it is outside. Ads Good I, love the winter you're saying that because you were born in the winter, well, I other hand was born during the heat wave. So I'm a big Fan. Well, that explains everything doesn't it? Just like that in the summer, you don't have to carry around a bunch of jackets and layers and scarves, and gloves and hat. I like all that stuff I like having given day I was walking down the street and I tried to put my hands in my jacket pockets but I wasn't wearing a check. We're just Kinda like touched my stomach gently. I want I want the pocket I want the extra layers. I can see why you would not like the summer for the severe lack of pockets. That's that's all I'm saying. I do love a good pocket. Yeah. I'm glad that we've reached a consensus on something today. What are we talking about today on this whole podcast? Well, Jed today with talking about teams Oh teams with a capital t exactly. So I I'm to talk with Dana is some Johnson about our new black AC- shops team because in addition to in his role as it sees trend expert, she also helps lead our diversity efforts within marketing and is. Helping to launch this team. Awesome and then I'm GonNa talk with one of the captains of the blackened shops team. Her name is Linda Johnston. She sells natural and organic skincare products in her se shop that's called fresh seed glue. So she is going to talk about who the teams for what kinds of conversations have been happening in their lately and what she's learned since the team watched amazing let's do it. Welcome back to the show Dana. Thank you for being here. Thanks for having me. Always happy to be with you tess always good to have you. So today we're talking about teams on Z, and specifically the new black owned a teashops team. So tell me a little bit about this new team. Dana. What is it and what's the purpose of it? Yes. I know you're going to be speaking with La. Toya soon after our chat but test man I gotTa tell you. I'm just unsleeping excited for the launch of this team as you know like most se teams, the Black Oh Nazi shops team was formed to help support our sellers in this particular team is really aimed at how we can. Help support and bring more awareness specifically to black owned businesses. Yeah. I love that and I know that another location on the site that you know kind of shines a light on those businesses is the black owned editor's picks page, right? Exactly. True totally different destination. So you're right we have our editors fix page in. That's a destination that's curious collection that we build in house in lives on our editor's picks pages for shoppers to discover. But then now we have this great black owned shops teen that focuses on support within the seller community, and so that is a private space were business owners can get advised against support each other that can bring more attention to their shops through a different. Page, which is their favorites page who the favorites pige. So the favorites page this is something that the captains of the black on oetzi shops team La- Toya who you're GONNA be Shannon with soon of fresh sea globe. But then also a leash is another co captain of her shop is linked. Niagara and they do an incredible job at adding new sellers to this list each week. So they're really in charge of managing and adding. New. Members to the team, and then of course, adding items to this shop -able favorites page. So this page includes at least one item from each team member and it's just another way that shoppers and relief fellow shop owners can support these black owned businesses. So people can visit this and shop directly from this. It's a pretty long you are but don't worry 'cause test is going to Lincoln into this episode as well, but it's oetzi DOT COM Ford, slash community forward, slash black hyphen owned hyphen shops, hyphen teams. So again, another was a mouthful but if you didn't hear that test is going to link it at the end of this episode, that's right and Dana I'm wondering how can Oetzi sellers support these black owned shops and other black owned businesses? Yes. One of the things that I just I love so much about at sea is the strong sense of community that are sellers build and the excitement really to just help uplift each other. So if you're a seller who is not a part of this team, but you want to help bring more. Attention to these businesses. One way that you can do that is to share that shop lable favorites page that we just mentioned share it to your customers try sharing it through your social channels are are in your about page wherever you WANNA share it to help bring more awareness Dana have you made any purchases from the team lately which purchase tests have made? So but my last purchase Liz beautiful printed as leisure set from Rachelle porter design. It's a matching sports Bra leggings in the also bought biker shorts to go along with it, but I live in it right now it's comfortable. It's bright it's colorful it's cheerful. Love in need right now. Thank you so much for sharing all this background info on the team. Now, let's hear from one of the captains of the team Latoya Johnston of a teashop fresh seed glow. Toyo- welcome to the show and thanks for talking with me today. I'm so excited to be here. Thank you for having me on the Oetzi podcast. Of course before we get into talking about the team, I would love to hear you tell me a little bit about what you make and how long you've been on. Oetzi. So I make skincare care products made with natural and organic ingredients designed to pamper the skin from head to toe. Currently in my Esi shop I sell hydrating face miss and toner a face serum body butter body oil, and a body scrub, and I've been on Oetzi since July of twenty eighteen. Amazing. I'm curious about how you discover your passion for natural. Skin, care and how you learn to make your products. So it's funny how I discovered my passion for skincare started when I decided to go want a natural hair journey a did my big chop in twenty ten in at the time. Going into target in going down out the hair care product al and I remember seeing a small section catered to natural hair care. So I tried if you of the products on the show and none of the products worked for my hair type I have quarry here. So I just decided to make my oh, I, learned how to make my products. From Youtube. I did a search for DIY skincare recipes and a lot of recipes came up I watched about a thousand video. And after I watch those videos, I led me to my kitchen to making products of my own. What's your approach to giving the right recipe like really perfecting it my approach to perfecting my recipes is simple are acts myself a few questions? How does it feel on the skin is drying or is it hydrating a lot of our products hydrating for the skin because I believe that you need to continuously at moisture to your skin because of all the? Environmental elements that take away so much moisture from your skin you need to add things back into your skin. So a lot of my products are hydrating. So if it's hydrating in, it passes that test I then give a few samples to friends and family to get their take on the product, and once I'm at a point round comfortable I put the product up on my at teashop. Now, that's really smart to get other people's opinions because you know that. Especially your friends and family 'cause you know you're pretty sure they're going to be honest with you. Yes, they are. They are brutally honest. And sometimes you need that yet it's also really yeah it's great to just to have that kind of a test run too because they might even point positive things to the product that you wouldn't have thought of when your own 'cause they have some distance from it that you don't have. Yes and they're looking at it from a different perspective in there they have different a different skin-tight than I do like I. think that my skin is normal oily skin like I get oily my tease zones, but the rest of my skin is pretty normal but someone else their. Skin could be really dry in this product could be even more drying to their skin. So it's important to have a variety of people try your product so that you can formulated or have a recipe that really matches up with the claim that your product is making. So let's talk about the newly formed team. You teamed up alongside another wonderful at sea seller leash Goodwin of Lincoln Niagara to great team that focuses on supporting and bringing attention to black owned businesses. So congratulations on that before we jump into that, can you share what teams are for our newer listeners newer sellers? So, teams are away to come together into continue to build our make your community. It's also a great opportunity for sellers to meet like minded business owners who make similar items in share a passion for creativity. Yeah I feel like teams have just been such an integral part of se community and can be so helpful for sellers. Is this your first time joining a team? Yes. This is my first time joining a team before this time I didn't know that teams existed on Oetzi. But. Now that I am on a team and also a captain of team, I believe it's so important to continue to build and grow our community of black own ESI shops. As a seller, we need people to lean on the good times in the bad times, and during the day I work for brick, which is a nonprofit arts organization in downtown Brooklyn and I worked on the community. Media side where we help rook late nights learn how to use cameras in equipment to produce their own shows. Yeah. It's really cool to see that you've been really on the ground working with their community and cyclic. It's a perfect fit for you to kind of transfer those skills to the online platform of the teams on. Oetzi. Yeah. Thank you. It has helped me learn a lot about. Building and it also allows you to look at things from a different perspective like a lot of the people who apart of the black on Oetzi shops team may have suggestions for me as a captain that are helpful for me and my business of that's very important. I think it's important when you're working with a team. As a captain to listen listen to digest the information and not listened to just respond to the information. Like, really try to understand what the community is saying to you, and that's one of the things that I learned from brick. Really. Listening to the community I want to hear a little bit more about the team. So can you tell me who is this team for and what are you at Lisa's goals for the group? So the blackout Eh teashops team is for sellers who run shops that identify as black might go in leashes. Goal is to continue to facilitate meaningful conversations that helps our members to grow their business, and also we want to do the same thing for our businesses. So as great for us to be. Helpful to others and for also for them to be helpful to us. Yeah that makes sense. A lot of mutual sharing. It's not like necessarily a hierarchy. It's just a a place for sharing of information and and also just a safe space. Yes. Yes. So now that the team has been live for a few months, I'm curious to hear what types of topics the group has been discussing. We've been giving each other a lot of business advice. I recently posted about finding a balance between work and life. I work a nine to five job at brick in I also have a small business on se. So I have had to learn how to structure my day in a way that I can get something done. So now upset alarms for myself. So from seven am to nine, am I'm packing orders and then. At nine. Am I'm shipping out orders at the post office, and then from ten am to six PM that's the time that I'm working for my job and then after six PM. Transitioning back to my business and I take breaks and a lot of breaks in between. But me stopping and saying you know what give yourself a break is important because if you run yourself all day with your business all day long you're GONNA get burnt out very quickly. So it's important to set time aside for Your Business and to set time for a nine to five if you have one. And it sounds like that got brought up in the collective of the group like other folks were kind of empathizing with your situation. Yes. So there are few people who just strictly run a small businesses on Oetzi, and then there are people who have to balance their jobs in their small businesses. But one of the suggestions that I got from another of black on business was to hire an inter and I am currently looking to hire an intern in my show I. Do love that about the teams like the community can really talk about. Everything from business advice your favorite songs or general life tips like work life balance. So Do you feel like the conversation has been really flowing and even as the Kaptan you've learned a lot from the other members? Yeah. So I feel like I have learned so much from other sellers who are in my field in who are also out of my field. So I would normally sell at fat market but due to covert nineteen all of the markets have been shut down. So now I seldom strictly on Oetzi and I quickly had to learn that My natural products. Would melt in direct Sun So I brought that conversation to the team and I said Hey team is there anybody who ships you know natural skincare products? How do you ship your products because Mike? Shea butter is melting during transit. So there was another shop owner who suggested to me you know you should use a thermal shield bubble Miller also Kolpak. So now I use those two items to ship my shave butter. Now it's been arriving perfectly. Oh, that's amazing. It's definitely great to be able to connect with other sellers who sell similar items and get tips like that. That are just so specific to what you're doing. Yes. That's what the community is all about, and another thing I wanted to bring up is that Alicia is in og in the community I look up to her as a captain she's always helping me with. Things with my shop even though where we make two different things like. Jewelry skin-care she's always such a wealth of knowledge and a helpful resource for me when I'm struggling with things in my shop like I can call up is they hey, Alicia. What do you think I should do with this or what do you think I should do that she has answered right on the spot so I'm thankful to be able to look up. To someone else like that, who's another captain on the team? So what do you like most about being part of a team? I like that it feels like a safe space from me to interact with other sellers on their business owners and it's refreshing to know that I have a place where I can go to for help into also be helpful to others. I've been on T. since July of twenty eighteen and I was on my own doing all the research by myself. Do you know searching for the bottles and the labels and sourcing out you know wholesale products, ingredients and stuff like that, and now I, feel like I have a community of people that I can go to to just you know pour into an X. those questions that I need answers to. So what's the last item that you purchased from team member? So I recently purchased these two by two. Brown. Craft Bags I plan to incorporate a botanical facing into my shop. And I thought it, these would go well with the whole aesthetic of my shop, all my labels, the white my bottles of Brown. So me incorporating a brown traffic just was like the icing on the cake. Yeah I also like that you mentioned that you're buying supplies from another seller. Yeah, and it helps to grow the community of makers. If someone is support in me, I'm able to now turn around and support somebody else. Totally. So if a seller wanted to join the black own at sea shops team, how would they do it? Can you tell me about the process? So. If you identify as black, then you go on Xy in search for the black on Oetzi shops team and just send us an invitation and we would love to have you join us if you are one of the listeners and you WANNA space to share your ideas on se join us. We approve invitations every week. So what is next for your shop? What can we expect from fresh seed glow? So I just recently did a collaboration with the bamboo shop and added these organic reusable rounds that you can use up two thousand times in there really safe for. The environment. So that was one of the new items that I incorporated into my shop which people are really loving because it goes hand in hand with the hydrating face myths toner. The funny thing is I. got this idea from another black all at the team member I was telling them that it really takes a long time to perfect skin care products and people were looking for more things for my shop. So she made the suggestion light well, looks way. Don't you sell the accessories that go along with skincare products? Why don't you collaborate with another shop and I said? That's an amazing I did. Going to do that right away and I started doing research on different body tools that you can use like bodied rushes and jade rollers and other things like that and I landed on bees cotton rounds because I thought, the around were really nice. They come in this like Washable Mesh bag and you could use them a thousand times. So it's no waste in a safe for the. Environment software like this is great. Sorrow reached out to the bamboo switched shop and they were like we would love to collaborate with you and they gave me all the tools that I needed to set up the listing from our shop and the rest is really history like people were loving the reusable cotton rows like people don't realize how many rounds you use you know take off. Up to cleanse your skin and it just made a lot of sense to incorporate that into my shop being that I'm using natural organic ingredients and I obviously I care about the environment and what I put on my skin and what I put into my body. Well, thank you so much for talking and sharing all this information about the teams I really appreciate you being here. Of course. Thank you for having me on the PODCAST. We are almost done for today but I it's time for that's right shop talk we post a question in the forums and on the SEC success social channels in you send us your answers by calling in or emailing us. We got a lot and I mean a lot of great responses to this one. The responses are still coming in. We asked what's the story behind your shop name So here are just a few of those stories. I I'm Brittany I'm the owner of gloom iovine wellness. The story behind my shops name is just blooming from where or planted the name of actually my initials. My was in a state of depression teaching children with autism and disabilities. And I was just feeling really low and Yoga and wellness really helped me out of it. So the name bloom yielding wellness is my initials, but it's also what helped me get out of depression and drop them anxiety. I'm Shoshana from Rota in dot studio. I named my shop after my two grandmothers Rohde and Dorothy passed away and my shop name is a way for me to remember and honor them doing something that I hope would make them proud and the shop name also reflects the way that I want to treat my customers with the warmth and kindness that you'd expect from Family Hi my name is Mickey or key them and I'm calling to tell you about my name I have a half Nigerian. Growth is not Carolina during the late nineties. Two Thousand and look back one of the things that seems out to miss how they. Make, befriends lies during that time the what am my questions Cam she's from Vietnam and I met her in the fifth grade close ever since you know through the same remembers the Pootie different colleges, breakups, triumph everything between really did you connect to me doesn't matter who you are it's all about just catching with the people around you. You know it's funny a half Nigerian, Texas musical who grew up. In Vietnam came to us at the age of five ended up being life from friends to this day. So really. He never just celebrate those differences in all of us, the end, the beliefs and our ability to come together. It's Today. If you WANNA check out the shuttle favorites page Dana mentioned. There's a link in the description of this episode. There's also information on how to join an FC team and specifically the black on at shops team. As. Always. Thank you for listening and stay safe. We'll see you next time.
1457: Six Times It's Easy to Ask for a Discount by ESI of ESI Money on Money Saving Strategies
"This is optimal finance daily episode. Fourteen fifty seven six times is easy to ask for a discount. By esi of esi money dot com. And i'm your host and personal finance enthusiast. diana mariam. This is the show where i read to you from the best personal finance blogs on the web with the author's permission of course. And if you're looking for some financially minded friends check out the facebook group. I called for the fi curious. This is a joint group between optimal finance daily and the economy conference which is an event i produce in this group. We aim to inspire you on your path to financial independence. I'm also posting questions that come in from the shows listeners in the facebook group so it's a great opportunity to participate in the discussion and hear from other money nerds just search for optimal finance daily. And you'll quickly find. The facebook group called four the fi curious but for now. Let's get to today's post as we optimize your life. Serve six times. It's easy to ask for a discount by esi of esi money dot com a few years ago. When my mom was ill she to stay in a hospital we from her home. My dad got a hotel room for eighty nine dollars a night initially but when it was apparent that his state would be longer than expected. He asked the manager if he could get a long term rate. The manager said he could agreed to let my dad's stay in the room for sixty seven dollars a night from that day. Forward simply asking for a discount is one way to save big money but many people don't like to ask thinking that it's rude or simply something that's just not done in america or perhaps they're afraid of being told no whatever the reason. This article is for those people who are reluctant to ask for a discount. It lists six times that asking for a discount should be very easy and threatening if you're one of those whose reluctant to ask for discounts. Consider this a national survey by consumer reports found that more than ninety percent of shoppers. Who bargained got a better price if you wanna try your hand haggling. Here's some occasions when you're virtually guaranteed a discount just for asking number one when buying the floor. Model retailers often offered discounts on floor models. This is standard practice for appliances electronics. Quote we fell in love with a particular refrigerator floor. Model at a local store says suzanne roha of fort worth texas. We waited a few weeks noticed. It was still for sale and then talk to the sales manager. We offered to take it that day. If he would match our price he did and we got that twenty seven hundred dollar refrigerator for thousand dollars and quote a floor model might have a few dents and scratches so carefully inspect it and confirm that you'll get the full warranty likewise my father and i were in a store wants an eighty inch. Tv was on sale. I know eighty inches. It was expensive but it was on sale because it was a floor model and the next year's model was doing soon. My dad asked the salesclerk. What else they could do. And he offered fifteen percent off that price plus another five percent. If you applied for the stores credit card which we didn't wanna do. We weren't really interested in the tv. But i knew we could have gotten the clerk to go even lower if we'd wanted to number two when the item or its packaging has been damaged retailers know that shoppers expect new products be imperfect condition so there are likely to accept a lower price for an item with a slight flaw or damaged packaging number three when buying in quantity. It's a fact of retail life. That by more than one of something you often get a discount code if ass. I always give a discount when the person's buying multiple copies or has friends that want to buy as well says jesse mcadam owner of software company. You need a budget. They get a great product at a discount and i generate multiple sales. It's a win for all of us and quote and this is effectively. What my dad did with the hotel. He got a discount because he was going to stay there. Multiple nights number four during a slow sales period when sales are slow. Certain businesses are likely to give you an off season discount. If you ask for it you might get a good deal at an auto dealership in december or from a roofer in february for example number. Five when there's a sale on the same item in another store price matching guarantees are commonplace but even stores that don't advertise them might match and other stores price if you show the salesperson a competitor's advertisement with the item listed that's how sandy johnson got a discount on a vacuum cleaner quote. I asked if the store would match the price of a well-known national retailer. I'd seen in their circular. The store manager said they would. If i could show them the flyer. It happened to be in my car. So i ran out and grabbed it seeming fifty five dollars for a two minute trip. She says i do this all the time at best buy. I've had the match prices at costco amazon and they gave my son student discount. Plus i get the best. Buy points which i then spent to buy. Christmas presents like video games. Oh and i pay with a two percent cashback card to number six. At the end of a shopping season. An end of season clearance sale is a good time to ask for an additional discount quote at the end of season. We sometimes offer a customer discount on an item. It's the last of its type in stock says dale flaps. A village bike shop. It helps us move the inventory and gives the customer a price break as well most of these ideas benefit both you and the seller so if you find a situation like the ones mentioned above decide on a fair price ask politely and you mike at the discount. Just for asking you. Just listen to the post titled six times. It's easy to ask for a discount by. Esi of esi. Money dot com. Thanks to anger for hosting this. Podcast anchors the easiest way to make a podcast distributor. Podcast for you. So can be heard everywhere. Spotify apple podcasts. Google podcasts and many more you can easily make money from your podcast to with no minimum listenership anchor gives you everything you need in one place for free which you can use right from your phone or computer creation tools. Allow you to record. Edit your podcast so it sounds great. Download the anchor app or go to anchor. Fm to get started fun fact about me. I love to barter and negotiate. Perhaps i'm more inclined. Because i built my career as a sales person but i can understand why it makes people uncomfortable. I think when you ask for an accommodation a deal or a discount. It can be awkward because in a weird way. You're telling someone that you think what they're offering isn't worth the price they're asking for. That can feel a bit rude but keep in mind that the party who's selling something has a say in the value of what they're offering they can simply say no to your request for a better price. And if they're confident in the value of what they're offering they will say no very easily because they know that there are other buyers that see their value and the same goes for you and what you're selling. Let's see you're offered a job and the company extending the offer undercuts you re requirements. You already communicated if you have a good understanding of your market value and what you're worth you can decline that offer with es encounter with a salary. That's more in line with your value and i very strongly encourage you to do this. Because at the time you're accepting a job is the most leverage you'll ever have in a salary negotiation once you're already there. The company has more leverage because they know it will take more work on your part to walk away for higher pay and that will do it for today have a great day and weaken. Thank you for listening. And i'll be back here tomorrow. Where optimal life awaits.
"Man good morning you may all be seated find looking bunch. We have here this morning. Thank you so much for joining us here in person. Good morning to all of you watching online or perhaps at a later time to have you with us as well today. I wanna talk about four orders for perilous times for orders for perilous times. We're going to be in a chapter in the gospel of luke where jesus has a lot to say about the end and so we're going to look a little bit at what jesus describes is going to happen things that are going to take place some of the content that we're going to deal with is a little confusing. We are going to be looking at a hind of writing. That is what we would describe as prophetic that is that jesus is talking about things that are yet to calm and you will find practically all the time. When you're looking at scriptures in the bible whenever a person is forecasting. What is to come. It can be confusing. Because sometimes they're talking about things that are going to transpire at some particular time and then some other things that are going to happen years and years decades centuries after that and yet they all kind of blend together now. We understand that we're in twenty twenty one Now almost two thousand years removed from the time in which jesus was ministering on this earth and in which the gospel lucas renting to think about that too thousand years right so just kind of keep that in mind as we look together at four orders perilous times if you have your bibles turn to luke chapter twenty one. I don't usually do this. But today we are going to have to read through most of this chapter together and just tried to break it up into some segments so that we can kind of understand. What's going on here. What i want to bring out what i want to draw out. Throughout this extended passage of scripture again are four things specifically that jesus gives us as orders orders to follow mandates to consider as we find ourselves living in what you might call the end times or at least perilous times because the reality is and times has been so far nearly two thousand years of human history right what jesus was talking about and what the apostles after him whenever they talked about the end times as far as they were concerned the end was imminent like he was right around the corner. Many of them who lived as contemporaries of jesus wrote with the thought that before they died everything was going to come to an end clearly. It didn't because here we are. Maybe if you have been around for any length of time you have thought any moment now has got to be the end right. I mean like how much how much more could we withstand as a human race. How much more can this world take right. And so oftentimes even in the twentieth and twenty first centuries those of us that have been around for some time we still continue to contemplate the and the imminence easy of the end. Well whether we are in fact at the very end or not we certainly living in perilous times. And so what jesus has to say in luke chapter twenty one i believe is relevant for us today. So let's start together. It says while some were speaking of the tempo case jesus is in the temple with his disciples sort of where we left off with him last week. Right as he was you know thrown over the tables and perhaps the next days back in the temple. And here's some speaking of the temple. How it was adorned with noble stones. Offerings right so the the people around. We're just kind of walking around. Maybe there were some people that had just come to visit the temple for the very first time and it was notable to them. The way in the tampa was not only constructed but adorned like look. How beautifully magnificent. This place is. I've never seen anything quite like that right. So they're commenting on the beauty of god's temple and in that context. Jesus says this as for these things that you see the days will come when there will not be left here one stone upon another that will not be thrown down so jesus speaks of a day. That is to come. He doesn't dated. he doesn't say how far away it is. But he makes reference to a time that is assuredly coming in which the beauty of this building in which they were presently standing is going to be torn down. What jesus conveys not one stone will be left upon another. Is the idea that they will not be one stone left in its proper place that it will be utterly destroyed and so they asked him teacher. When will these things be and what will be the sign when these things are about to take place right so again now that jesus has told them that something was going to happen. The people listening ask him for a sign to highlight when they are about to experience this said destruction as if since jesus speaking prophetically and since he could see something that was going to happen in the future perhaps if he were so inclined he could backup just a little bit from that event and tell us something that was going to happen prior to that so that we can be ready for it. I'm have you would love to know when destruction is going to happen but what is a sign that destruction is about to happen right. Wouldn't it be great. If in our retirement accounts we knew exactly went to manage things such that before there. Is this massive correction in the market or downturn in the stock market. We pull out right. And then just before things are getting ready to rebound and escalate again. We get back in. Wouldn't that be great if we could do that. But the reality is we. We neither know when destruction is actually going to take place. Oftentimes we don't even. We're not even able to heed the warning signs and so they asked for now. Why did they ask for asylum. Well i think they asked jesus for a sign because in some cases signs can be helpful right on the one hand signs can help us to prepare for things you think about how we leverage signs to help us deal with weather right. There are certain signs that allow for us to prepare for major storms catastrophes that we can't really do anything about other than prepare for or sometimes run away from right like listen. This storm is going to hit the shores of such and such and such and such a time and so board up your windows and this one's bad so get out right and so we leveraged signs to help us understand what we might prepare for in terms of whether same thing with our health. There are signs warning signs in our health. That help us to go and do something about that. Maybe to head off a disease that would if left unattended would continue to get worse so science can help us prepare but another thing with signs and the problem with signs. That are often prone to mis interpretation. How many times have you made plans to not study for the test tomorrow because school is going to be cancelled. The forecasters assured you sixteen inches of snow. Nobody's going to school tomorrow. But guess what you wake up the next day. It's beautiful outside. You're going to school and you're failing a test right. So science can be prone to misinterpretation. How many of you are web. Md experts right the same benefit that science can sometimes provide for us to help us deal with health problems. They also gets in a lotta trouble. Sometimes don't they because they're misinterpreted not only can they be misinterpreted but another problem with signs. They often lead to hysteria. Signs lead to hysteria. Twenty twenty was the year of no no no toilet paper right among other things. Why is that was. Was it a firm reality that we had to go through a toilet paper shortage. Can i ask you a personal question do you mind. Did you use the toilet. Far more often in two thousand twenty. Then you didn't twenty nineteen. Did you probably not right. So why is it that you can buy toilet paper and the grocery store walmart can find it online. While it's because of the hysteria that was created by a shortage that was going to happen right so sometimes signs can lead to hysteria and so here. These people listening to jesus are asking. I want to know what is the sign that these things are going to happen. And guess what in twenty twenty one. We continue to do exactly the same thing. We look for the signs. There are people that are so consumed by and wrapped up in trying to untangle the signs as they interpret them from the bible and most of the time it leads them. Paralysed from being able to actually live today in the present in the moments that jesus has given us right now and that's one of the big problems with being these sign chasers. Well what does jesus response to the sign when they ask. Jesus can you tell us the sign of when these things will be. Here's jesus response do not and here's number one of the four orders perilous times number one do not be led astray. Do not be led astray. Jesus says i tell you the truth that in regard to this beautiful magnificent building that we're all standing in right now not one stone is going to be left upon another jesus. When is this going to happen. And jesus says in luke twenty one see that you are not led astray lead straight. And then he tells them why he says for many will come in my name saying i am he and the time is at hand and then jesus says do not go after them with somebody sets themselves up as an imposter of christ. Don't listen when somebody tries to rile you up saying the time is at hand. Do not go after him. Jesus says see that you are not led astray. I don't know about you. But i think that's fascinating. Many he says will come in my name. Think about that the people will come purport themselves to be the messiah. The promised one the savior right. The reincarnation of jesus christ the son of god he goes on to say and when you hear of wars and tumults do not be terrified for these things. Must i take place but the end will not be at once. So you're going to hear of wars. You're going to hear of nations divided against each other and in some cases one another and when you hear that do not he says do not be terrified for these things. Must i take place but the end will not be at once now. This is interesting because it's almost as if jesus instead of allowing for the people that were listening to get caught up in the hysteria of whatever signs. They interpreted as pointing to the end. Jesus says don't do it. Don't get caught up in the hysteria. Don't get lost in the noise of this chaos. He says many will come in my name and you know what just that happened. Even years after jesus was on this earth the historian josephus talks of theodose and he's even mentioned in acts chapter five who had gathered to himself four hundred followers and guess what he was beheaded by roane and his movement was for not another person that first century gathered together thirty thousand followers to the mount of olives claiming that at his word the walls of jerusalem would fall. I guess what happened to him. He was destroyed by felix one of the roman officers. That took care of that uprising. Another person lead people into the wilderness. Promising them deliverance. From all of the problems that they were experiencing in this world he was destroyed by festus that some of this sound familiar while jerusalem was even being destroyed in a d seventy those that were protecting the city that we're fighting against rome as it was raising rome to the ground was able to bribe profits to convince people not to leave said. Oh you need to come to the temple to witness the miracle of god. We'll guess what happened to them. They died in the flames seat. Jesus points to the reality of how possible it is for people to be deceived for people to be led astray too people to stop following the truth and start following some other way and jesus order for us in perilous times is first and foremost do not be led astray. I wanna talk for a moment about deception before we move on as you read the bible as you grow in your relationship with jesus or perhaps even as you look at what it means to follow jesus from the outside from a distance there can be this. This inclination sometimes think that. It's hard to follow jesus in that. It's confusing in that. You hope that you're getting it right but you're not really sure. Do you know what. I'm talking about like sometimes you you you start to get to feel just a little uneasy about whether or not. You're doing it right right. Because there's as you re through the new testament you will find again and again and again and again. These warnings against being deceived about being led astray. Not just here. In this chapter of the bible this comes up as a theme over and over and over again. Where's all this deception coming from. And why is all this deception possible. And as i was thinking about it. I it's almost like sometimes we give into the idea that that god is a trickster right. He's he's he's trying to make it difficult for us to figure out where we're supposed to go or what we're supposed to do that. It's it's overly challenging and hey you know you better get it right because if you don't well god's going to be at the i on i gotcha. Oh you thought you were doing the right thing but guess what you weren't right. That's kind of the tone that deception sometimes takes and i want to. I want to offer you my thought on the kind of deception. That leads us away from christ and i'm going to make a statement that you may or may not agree with and that's fine but i would say i would propose to you that we are often deceived. Not because it's tricky not because it's so hard and impossible to figure out but we are often deceive because we want to be deceived because we want to be deceived because living in our deception fits better with what and how we want to live our life and what we want our life to be. How many of you have ever seen one of those preachers on. Tv with the church and the the the big ask send us money and god will bless you. Have you seen that before. Maybe some of you have participated in that. There's a gospel that is the prosperity gospel and it is straight out of the pit of hell but the prosperity gospel is a deception that many people willingly fall under not because they are naive but because they want to be deceived by it why because it allows for them to make a pretty religious covering for their greed. I mean think about it. If i can convey a gospel that tells you that you deserve to be rich that you deserve to be healthy. All the time and that sickness should have no part in your life to say for that one. That's a good one. I liked that one but guess what. It's not true right and so what. The prosperity gospel does is. It allows us for us to make this covering this wrapping under which we can hide our greed and our desire to live for ourselves again. We're talking about not being deceived. Jesus describing that false messiah will come in. The bible tells us that there is another gospel that is not the gospel one of those other gospels. The social gospel the social gospel permits me to pursue my own. Carnal desires allows me to do whatever i want in my flesh in my body without really worrying about what actually are god's commands for my life and what i do with my life because i am upheld or as we might say in christianity i am saved by my own 'human virtues of you know that there are human virtues that have replaced the necessity for repentance for are getting down on our face before god and repenting of our sin and turning away from it we have instead of doing that we have continued in our sin but we have covered it up and we have masked it with human virtues that have essentially replaced any need for christ's sacrifice the religious gospel. The religious gospel is one that hides and covers my own filthy rags in the words of isaiah of righteousness right that i have created a self righteousness behind the pretense of my religion and that gospel allows me to live like a two-faced person as a hypocrite as one who's trusting in his own ability through his own works to save himself again without the necessity of jesus's sacrifice. The universalist gospel invites me to make my own journey to heaven into a relationship with god without entering the one door. Which is jesus christ. Jesus says i am the door. I am the way i am the truth. I end the life and yet the universalist gospel just says it doesn't matter what you think what you believe how you behave ultimately we are all going to. The same place had a conversation. The other with somebody who has traveled the world has dabbled in religion after religion and philosophy after philosophy and way of life after way of life and he said these words to me he said you know what it's all jesus why because he knew was jesus follower us know person that that that confesses jesus as my lord of his position to me was. It's all jesus. Well guess what. It's not all jesus. Finally the culture gospel allows me to go along with popular opinion with the changing tides of society and culture and avoids the persecution. That comes with what it means to follow. Jesus the reality is that following. Jesus will sometimes lead to persecution. It will sometimes lead to suffering. I don't want that. I don't want to be persecuted suffer. And so if i'm able to ride the tide of culture who's going to bother me then that brings us to the second thing are second order under perilous. Times is for us to prove. Jesus even when we're persecuted okay. So do not be led astray. Jesus secondly prove jesus. One persecuted prove jesus. What does that mean well. We're gonna see here. Jesus says that there's a time coming when you will be given opportunity to bear witness for me and one of the requirements that we have is people who are following. Jesus do prove jesus. Even when we're persecuted he said to the nation will rise against nation and kingdom against kingdom. There will be earthquakes and in various places famines and pestilence and there will be tears and great signs from heaven but before all this they will lay their hands on you and persecute you delivering you up to the synagogues and prisons and you will be brought before kings and governors for my name's sake now. Jesus is very directly speaking to the people that were there listening to him. Like what we're reading here. This part is certainly primarily pointed at what is sure to be the experience of those that were presently in his company. He said there is going to be a time coming where you will be delivered up to the synagogues these religious places of worship. Because you're going to start preaching a message. That is different from the one that they want to hear. And so you will be brought before the religious leaders. You will write brought before civil leaders right. You'll be brought to prisons. You'll be brought and you will stand before kings and governors for my namesake and jesus has esi says this will be your opportunity to bear witness. This is the moment this is the chance. This is the opportunity that you have to testify about me and says so. Settle it there for in your mind to meditate beforehand. How to answer. Don't feel like you have to go prepared with an answer to every question. Because i will give you a mouth and i will give you wisdom which none of your adversaries will be able to withstand or contradict like you are as you bear witness to the real jesus to the real messiah. You were going to leave those who would come against you confounded and confused and with nothing more to say right. That's what it means to prove. Jesus he says you will be delivered up even by parents. Think about that brothers and relatives and friends and some of you. They will put to death. You will be hated by off for my name's sake right so you will on the one hand be brought before kings for my namesake and you will on the other hand be hated by all from my namesake but not a hair of your head will perish. Jesus promises for by your endurance. You will gain your lives. I don't know if you caught it. But jesus kind of feels like he backtracked here a little bit and just those short few sentences he said on the one hand that some of you for my sake some of you will suffer and be killed literally. The people that were in his company his disciples among others. But what it meant after jesus died on the cross and rose from the dead what it meant to be a follower of jesus and one who continued to advance the gospel message the good news that jesus had for all the what that meant for the earliest followers was certainly persecution and in many cases death and jesus says wile some of you will die he also promises not a hair of your head will perish. What how does that work. So i'm going to die with a full head of hair like what does that mean right. And jesus of course is emphasizing the reality of what it means to live as an eternal being that we will not perish. That is the beauty of the good news. That is the beauty of the message of jesus and the work that jesus has done. Is that regardless of what happens to us in this world and in this body. Not one hair. That is not one small molecule of what actually composes who we are in our existence. Not one single thing parish like you have on the one hand. This beautiful temple adorned splendor. And jesus says not one stone will be left upon another but for those who were following me. Not one single part of who you are will be out of order regardless of what happens to you. Jesus points to the fact that they're epic signs that the end is near but the reality is persecution starts even in the beginning. He says the testimony what it will mean to prove me. We'll be not merely a human invention but it will be divinely inspired and so although you are. I may not have to experience directly the extent to which jesus is describing the persecution of those earliest christians. Every one of us can draw from why he's talking about here. The reality of it means for to prove jesus to declare jesus to testify of jesus to speak of even when it's not popular even when others will demon are even in the face of persecution. That is our order today. Oh jesus goes on. He says and there will be signs in the sun and moon and stars and on the earth the distress of nations in perplexity because of the roaring the sea and the waves think about think about just think about what's going on in the world today see if that doesn't describe some of the feeling that we have considering our world our planet right. He says there'll be distress distress of nations in their in perplexity because of the roaring of the sea in the ways people fainting with fear and with four boating of what is coming on the world for the powers of the heavens will be shaken and then they will see the son of man coming in a cloud with power and great glory and now when these things begin to take place straighten up and raise your heads because you're redemption is drawing near the third thing our third order and perilous times. Raise your head. Raise your head jesus. He juxtaposes the nations in perplexity and distress in worry and anxiety and fear and he says but those of you who are followers of me. What do we do in perilous times. Do we just ball up in the fetal position. Do we hide ourselves away hoping that we will not be touched by the peril that is looming around us follower of jesus. You raise your head. He said straighten up and raise your head. Why well the reality. That jesus is telling us. All of what is going to happen must indicate some level of control over everything that is going to happen. Think about that. If he knows about it he must be in control of it that has to do with the reality of the universe in which we live. It has to do with the reality of your individual life as well. Jesus knows what's coming for you. He knows what's coming for us like he understands the grand scheme how it's all going to play out. There is nothing that takes him by surprise. He is not pivoting from one place to the next trying to figure out ono. What am i gonna do now. He doesn't do that in relation to the universe and he doesn't do that in relation to your life. Either he knows you right where you are knows right. what's coming. He knows just how to bring through it. If you're a follower of jesus. Today i want to encourage you whatever it is that you might feel like you're going through whatever difficulties. Whatever challenges might be presenting themselves to you. Raise your head stand up straight. Listen i get it. There are times when we walk through the valley of the shadow of death or times where life seems to just kind of beat us up again and again and again and again and it just feels like we can't take one more licking we just can't put up with it anymore. Like how much longer do. I have to put up with this. How much longer do i have to stand up underneath. All of this know that jesus is walking with you that he's present with you in the midst of every trial and circumstance. Raise your head. Raise your head jesus. He told them a parable said look victory and all the trees as soon as they come out and leave. You know you see for yourselves and you know that the summer is already near so also when you see these things taking place you know that the kingdom of god is near truly i say to you. This generation will not pass away until all has taken place having an earth will pass away but my words will not pass away. there are few scriptures. That are more confusing or difficult to understand. Is this one. Like what exactly is jesus talking about. He's describing all of these events. Like i talked about in the beginning. Sometimes in prophecy. We're looking at events that are right around the corner and events that are centuries off and they sometimes all blend together now listen. I know that there's some of you out there. You're gonna wanna email me and tell me about how you have figured out exactly how this all plays out. You're going to recommend books and you're going to give me a chart with time line right. It's gonna take from point to point to point. Don't do that. i don't need that. listen. I'm not smart enough to preach this message but i am smart enough to know that when it comes to prophetic things when it comes to the end times. I'm smart enough to know that. I can't be sure i am also smart enough to know that you can't be sure okay when jesus says that this generation will not pass away until all has taken place. We're not time to get into the variety of how this can be interpreted. Was he talking about the generation of people that were alive as he was speaking these words and everything the sun the moon the stars all the signs of the heavens would take place in the son of man would come on a cloud that all of that was going to take place prior to this generation passing away. That's an interpretation. Doesn't really make sense right. Because as far as we know jesus didn't come on a cloud like this unmistakable. Return of jesus did not occur even with the destruction of the temple. Was he talking about the generation that is alive and around whenever a there's an acceleration of the signs that he's talking about and at that point it's going to happen so that that generation doesn't pass away before it's all over. Maybe we don't know the point of jesus says here when he says having an earth will not pass away when he says that this generation will not pass away until all is taken has taken place. The point is not to try to limit. The date of the end. People have done that. I've i've i've seen that like people would they. Would some event would take place and they would interpret that event in light of prophetic scripture. And then try to create. Here's the very last day in which all of this needs to happen like jerusalem. Israel comes a nation again. Right happened some decades ago where it was where it was accepted in the world as a nation and so get the clock. Ticking get the clock. Ticking listen the point. Wasn't that jesus was trying to confine the end. The bible says far more often. You don't know the end. You do not know the day or the hour. You have no clue. Stop china figure it out. It wasn't that he was trying to fix a date for the end it is that he was emphasizing the certainty of the end. And that's really the message for us here in two thousand and twenty one right because as now nearly two thousand years have gone by and the son of man has not yet returned on that cloud of glory and established once and for all his eternal kingdom. Sometimes we are prone to think well. Maybe it will never happen. And so that brings us store fourth final thing our fourth and final order for perilous times to keep alert at all times it was necessary for jesus disciples to keep alert. It was necessary for that first. Generation of christ followers to keep alert is necessary for the second generation of christ followers to keep alert is necessary for the christ followers alive in two thousand and twenty one to keep alert. Jesus says but watch yourselves less. Your hearts be weighed. Down with dissipation and drunkenness. And the cares of this life and that that day come upon you suddenly like a trap for able come upon all who dwell on the face of the whole earth and so jesus says but stay awake at all times praying that you may have the strength to escape all these things that are going to take place and stand before the son of man. Stay alert interesting. Jesus here he tells us that our hearts can be weighed down in one or two ways that are like the opposite of each other on the one hand. Our hearts can be weighed down. With carousing and drunkenness. Ooh not a care in the world. Right anytime i start to feel something. I'm just to have another sip right. Make that. I suppress those feelings of distress. He says that will weigh. You doubt that will keep you from being vigilant and alert like you to be. But then he says on the other hand got all those warriors out there right who are way down by the to us as being zayed's of life the anxieties of life people. That could baby stand to loosen up a little bit and not be so caught up and taken in by the perilous times in which we live because of the tendency for those times to paralyze us from living in the present and living the life that jesus wants to live right now so be alert do not be led astray. Do not be led astray. Don't let some gospel some other. Jesus lead you away. From what is the truth. Do not be led astray. Prove jesus even when it means persecution raise your head and be alert. Let's pray together father. I pray lord that as we reflect on the beauty of these words that contain a promises and encouragement for how we might best follow you even when the world and the universe in which we live seems to just be an utter chaos. Would you just help us to be reminded today that you are the king the king of this universe. You're the king of this world. You are the king of our lives and so lord as we close out this time together and as we take a few moments to worship you as that king i pray would you open up our hearts. Would you help. Maybe some of those that are just feeling so pushed down by the perils of this life. Maybe they are general perils. Maybe they're really deep personal perils and they're just feeling crushed under the weight of it. I pray would you just allow them to stand up straight and to raise their heads knowing that jesus their lord and savior their king in their protector and so many other things that he that you are walking with them today that as we go into the marketplace tomorrow and into our schools. Would you help us to prove jesus by the way in which we live our lives. Would you help us to demonstrate what it means to have experienced the love of god and what it means to show that love to every single person comes across our path. Help us to prove jesus. Help us to prove. Jesus even when it perhaps means suffering for your sake lord i pray that you would just help us to be alert to not be forgetful of the reality of what it means that your kingdom is promised and that is coming and that it is coming soon and lord help each of us to look with great anticipation to the arrival of that kingdom. We celebrate you as king. And as lord today i pray these things jesus name and everybody said amen stand together with sing the song as we close out this morning.
interview with Sean Gallagher
"Hi My name is amy and I'm here with Jack and why medium where Interesting Sean got her Esi bit about yourself. My name is Shawn got to her. I'm principle of Azema national school small school outside Bellona in County Mayo I was also former deputy director of the professional development service for teachers and in natural I advise schools and teachers on the use of technology and teaching learning and assessment. You mentioned that you're a teacher defense identity director and how did he say I suppose I've heard of a very charmed existence in my role with P._D.. S. T. I was able to engage age with an awful to people who are working at the cutting edge of the use of technology and teaching and learning when I returned to school then it was my chance my opportunity to be able to embed these ideas into my everyday teaching so at this stage the use of technology in the school or something that I use a teacher but also the pupils in the school were extremely comfortable with it's. It's not something that they think about anymore but rather they they have the ability to be able to use it fairly seamlessly with every subject area your former school optimize national school has been very proactive in the use of digital technologies to enhance learning. Can you share them with the work. You have done in this area some of our some of our use of technology is is some people might say. It's very very basic but for example if I was to take <hes> Eh an incident in the school on Christmas week where Sparrowhawk crashed into the scoop one of the sixth class pupils was able to safely hold the Sparrowhawk in their hand and other kids grabbed a device and recorded as. We feared that the Sparrowhawk was dying so with the image and everything but we didn't know what to do. This is a bird of prey so we took to twitter straight away and sought advice and we got advice snooty straight away from bird watch Ireland and from the S._p._C._A.. And it just showed the children that technology can connect them not just to online encyclopedias are documents documents but it can also connect them to read people who can solve real world problems as they arise now. I totally different level. Yes we did a lot of work on computational thinking and the introduction of coding. In Primary School and it just meant that children view problems like math problems differently they break them down into small manageable steps. They know what details leave in what determined to leave out and that helps them. It won't just have the knowledge to help them into the future because that's really at the core of problem solving is breaking it down into manageable teams the ability to work together making a film are even doing what you're doing. Now is it requires a level of collaboration that normal paper based activities don't entail and putting the project together at making a film all of those require levels of. Cooperation and seamless use of technology the today conference is creative collaboration practice. How important is each of these education? Creativity is is is hugely important because it's it's the your ability to articulate your own voice. It's not just giving back an answer that you think the teacher was but it can give a creative response something that maybe very few other people have come up with for four. It's the ability to make something new are adopted different. Approach collaboration in the workplace work has changed so much it requires you to be able to work with other people so rather than putting your arm around.