40 Burst results for "Five Years"

Over the Next Hill Fitness
Miles of Marathon Motivation With Jeannie Rice
"Tell me um about your marathon journey how many marathons have you ran so far weeks ago three weeks ago ready yeah I did that was my 131 Wow and then 30 first marathon so you know it's interesting it's a funny actually I told my friends and family when I when I reach hundreds marathon I'm gonna stop running a marathon not that I'm gonna stop running I'll stop for marathon and I'll do the half marathon and I'll continue to run so 100th math and I went to Boston again Boston is very special I guess because I was qualified night very beginning so I went there right after my hundredth marathon I'm thinking already next math and I couldn't so many I still want to do so now since then I've been 31 again 31 more so I am you know still have several math and I want to do so I you know is it easy no training is the hard part as you know anybody can train I mean you get to the starting line we can all get through it math either faster or slower but to get to that point you have to train so train for so weeks train is a tough you know I run 50 miles a week all year round either I have a marathon schedule or not so I am pretty much marathon ready whenever I want to run math and I just picked the one and then I do so 50 miles a week a pretty much six seven days a week once in a while I'll take the day off but you know my day off can be real easy one you know three four mile or none but normally six days a week I run all year round so what made you decide to go from that 5k to a marathon what was there any transition in there any like a 10k then a half or anything like that or you just went from 5k to I think I went seven weeks in a row 5k but 5k is like my speed world to me I am more you know distance runner although I do have a world record 5k I don't consider myself a fast but fast enough for my age division you know I broke the world record on 5k 10k even 1 ,500 meter and one mile this past this year I got all this world record time but marathon is the one I really you know a good at it because a marathon time when I first broke a world record when I was 75 years ago in Chicago and I broke the world record by seven minutes yeah those seven minutes the German lady had it for five years nobody broke until I did it and then I broke that year and then year later I went to Berlin marathon and I broke my own record by three minutes so I have a ten minutes in between so but there's a couple ladies are chasing of course it's fun about it we are not pro runners but you know they are chasing my record and record will be broken some sooner later just like I did this year now I'm move up to 75 and I broke 75 years old record mm -hmm so Chicago I only broke by four minutes so I mean I said only because I was hoping for seven minutes just like I did five years ago but this way I can break my own record again because I didn't run as fast as I want I plan to and I was hoping to so now next big race will be London and that's what I'm going for okay so you're going for all the world majors yes yeah yeah I don't have any marathon plan before then I do have a USATF cross -country that's only 6k 6k in December and I have a math half marathon in December Jacksonville and then in Naples in January that's a big race I go to Naples during the winter time mm -hmm I live in Cleveland Ohio during the summer but it's cold in here so I'll be heading down in a week or two to Florida and I stay there till April so but there's a big half marathon in Naples in January which I do that every year and I belong to running club down there it's a huge race people come from all over so that's my my schedule but I do a lot of 5k if it's a local 5k there is 5k I run anyway because to me that's my fun run and it's a speed work mm -hmm and I'm not really good at going to track every week like some people do I used to when I was younger and I don't do that and I still go once in a while with the friends if they want me to go I'll go but my speed work is local small races or I do on the road by doing this you know running schedule

WTOP 24 Hour News
Fresh update on "five years" discussed on WTOP 24 Hour News
"Court records show 56 year old James Yu had filed four federal lawsuits in the past five years. All had been dismissed as frivolous in a New York suit against his then wife, younger sister and a hospital. He said he was committed against his will. The 163 page suit he filed on his own included claims, photos and receipts. Yu said he was being surveilled, harassed and subtly threatened with the intention of inflicting emotional distress. Yu denied any thoughts of suicide or prior depression, but the judge threw out the The suit suit saying the allegations are clearly the product of delusion or fantasy. Neil Lloyd The speed

Mark Levin
Jordan Peterson Spits Truth on Bill Maher
"Are the victims and as you pointed out if you're a victim then you're morally righteous and even more conveniently if you stand for the victim then you're morally righteous regardless of what you do with your own life and that's pretty much what university students are taught from the time they enter the university classroom and that's how they you know orient themselves morally well and that's at the hands of the radical to left bill and one of the things the Democrats also have to pay the price for I would say is their absolute to draw a line between the moderate Democrats and the extremists they're completely incapable of doing that I've talked to 40 senators and congressmen in the last five years I asked them all the same question including RFK he wouldn't answer either when does the left go too far well we certainly bloody well saw last it month didn't we because it got the oppressor oppression narrative a little mocked up we might say and we're going to consequences that are going to unfold pretty brutally over the next few months now listen he's a hundred percent right that is exactly the mindset of a leftist that is exactly the mindset of a progressive right there is also a good time to remind you by the way of you know the Democrat Party hates America I assume by now you've gotten your copy if you have not gotten your copy what are you waiting for you can grab your limited first edition signed copy of the Democrat Party hates America before they're gone and they will be gone levinsigned .com levinsigned .com that's the website that's the address that's a mr. producer gave me anyway so if I it screwed up it it's on him it's on him not me levinsigned .com is where you go get your limited first edition signed copy of the Democrat Party hates America before it's gone well think about it I mean think about that in the context of the Democrat Party hates America America is the ultimate oppressor America is the ultimate oppressor if you you go to college and you listen to a professor who's not professor

WTOP 24 Hour News
Fresh update on "five years" discussed on WTOP 24 Hour News
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The Plant Movement Podcast
Nova Hardscapes' Nasir Acikgoz on Thriving in Uncertain Times
"Think right now the way the economy is the way things have let's say slowed down the way interest rates have risen Politics, okay world governments and all this stuff that's going on They they you know, I feel it in the air that people just want to like curl up, you know And and they don't want to continue to push in a certain way It's kind of like let me hold all my money whatever I have left and I'm not gonna let it go, you know But you have to invest to create if you don't invest you can't create don't be scared to do that when it comes to what he's selling but My question for you is all of this stuff that's going on and you are full throttle you have I see you in the venture 36 -foot venture with quad 500 Merc's And you're flooring the throttles Why do you feel that way? When it comes to that, are you scared about anything that's coming up or you just go based off of off of what? Opportunity vision what I I don't stop I go full throttle all the time and What drives me that when I wake up I think I said I mean God has a plan and I believe in God and I I in he says it work be honest work and it's gonna happen and In this country opportunities are limitless. I mean, there's no limit. There's no There's no product you're gonna say all about people are yes, they're they're holding off They're not gonna they're you know, they're not gonna spend I will never think that way I still keep bringing and I'm gonna bring it We're gonna invest as a matter of fact The green industry has an advantage one of the biggest advantages that I've noticed is if the people are stressed They're stressed with things politics and all that how do they relax of course they go they do sports and stuff One of the things they'd relax is they work in the garden. They work in the backyard They work, you know, they do things or just looking at plants to look at plants. What did what does it do to you relaxes you? One of the things that I'm realizing because we do a lot of pool pools and you know Like we sell a lot of natural stone for pool pool decks and pool coping like for pool products That business is still booming because During the pandemic, obviously people were spending time outside and whatnot But also after the pandemic still that kept going it never stopped And the green industry picked up right right during the the pandemic. Yeah, it keeps going crazy boom Yes, it's still going. Yes. It's a little bit see slow down a little bit, but it's not gonna stop Nobody's gonna stop buying things. Well, we saw wasn't normal first of all. Yeah, it was out You know, it wasn't normal normal growth, you know normal growth year over year at least for me was 20 20 percent growth Correct, maybe 25. So I was able to do 20 to 25 percent more than I did the previous year Let's say that's normal. That's normal average, you know, but you have guys that went up a hundred two hundred three hundred percent in two years You know, so it's just a lot like even the the smaller landscapers they were used to doing, you know Three four hundred thousand dollars to say a small landscaper and a lot of them crossed a million in in two years I know, you know the Amelia 1 .5 to 2 .5 and how did that happen because of this crazy boom? So now what they're seeing is the slowdown effect a lot of people weren't prepared for this to slow down They weren't they didn't let's say understand what was going on or see what was going on And they didn't think it was gonna, you know finish so I hope everyone put you know something away for For this if not, you're gonna learn the next one. You need to yeah, you need to save obviously I'm not saying you need to spend everything but you know It's a cycle then the economy is a cycle four years five years up and then four year five years down four years So if you don't invest when it's down Obviously within your you know budget and and and means and means You're not gonna gain when it picks up again So what I'm doing is when it's up you keep investing anyway when it's down you keep going Obviously, I'm not in I'm investing. I'm actually reinvesting per se Not so aggressively as I did it during the pandemic because the demand was huge. Yeah, you saw it's still going I'm still going like I'm like, okay, so I was adding maybe five products back then but now I'm adding one two But I keep adding because I'm trying to prepare myself for the next rush. Yep, you know Hopefully we'll see those numbers again, but you know, it's gonna be tough. You'll see those numbers as more people use

WTOP 24 Hour News
Fresh update on "five years" discussed on WTOP 24 Hour News
"College Park checking in at 41 it's 42 right now in Stafford Alright Mr. Van de Graaff and coming up on WTOP How much more are couples paying for a wedding in the DC region? I'm Mike Murillo. 822 america needs a reliable supply of semiconductors only one company designs and manufactures leading -edge logic chips in the u .s. and that's Intel with support from the chips act Intel is investing more than 100 billion dollars over five years to make America a semiconductor leader bringing innovation opportunity and jobs to America by expanding in Arizona New Mexico Oregon and Ohio we will fill vital supply chain gaps and boost our economic and national security US chip leadership starts with Intel Hey, it's Brett from Bull Oak. Are you struggling from ED?

Food Addiction, the Problem and the Solution
Recovering Food Addict Colleen Y. Shares the Ups and Downs of Her Journey
"On the podcast, our guest is a recovered food addict, Colleen Y. Welcome Colleen. Colleen Y. Thank you. It's a pleasure to be here. Susan Branscombe Yeah, it's great. I heard about your story. I've read about your story and I'm looking forward to sharing it with our listeners. We're going to talk about your story and how you found recovery from food addiction. I understand you became abstinent at 55 years old in 2018 when you joined a 12 -step food recovery program. Talk about that and what brought you into recovery. Colleen Y. Yes, it was late getting into. I had never heard of any 12 -step recovery programs. I had never heard about food addiction. I was just a person who thought I had a moral issue that I needed to diet, that I didn't have willpower, that that was the only way that I could overcome the excess weight. I was getting up there. I was 250. I was up to 300 pounds when I finally went into the rooms. So up until that point, I just thought that I just had no willpower. But it got to the point where all I could do was think about the food. I could not function unless I was thinking about food. So that's what brought me into the rooms. Talk about you got into recovery when you realized that you needed help in this way. And then you relapsed after two months. What happened there? Well, actually, it was after five years. I was in the program for five years. So for the first two years following the program, I was good. I followed it. I lost weight. I was working the steps in the program. But then I thought I didn't need it anymore, that I knew what I was doing and slowly started deviating from the program to the point where I left it and just started doing diets again and the weight started creeping back on. But I was still not eating the sugar flower wheat. So that's what I considered as still being abstinent. But the weight came on. I was still eating high fat. And then finally, after five years, I just couldn't white knuckle the diets anymore. And I relapsed. And in that two months that I relapsed, I gained over 25 pounds and really came to believe that I had a serious problem with food addiction. I just could not function at all over that two months. And I just did not want to live anymore. I just did not want to wake up in the morning. It was a brutal experience for two months. For critical level food addicts, some of us can get suicidal, where we just can't see a way out and that we're always going to suffer from this and food controls our lives. Yeah, I prayed every night that I wouldn't wake up in the morning. And that was the thing. And then I'd be so devastated that I had another day in this disease and that somehow I had to function. So talk about this history then. You got into recovery, five years, doing well, lost weight. Then you relapsed. Tell me about the weight that went off and came back on. You said you gained 25 pounds. You got up to 300, but were you close to maintenance weight during that five years? I had never been a normal weight my entire life, never. So I got close. I had lost, by this point I started at 300, so I was probably down to 170, which was just absolutely new territory for me. Then I gained some weight back, but then I knew I could not get abstinent on my own. It didn't matter what I did, I could not keep it. So I tried to go to Renasant and Renasant was running an outpatient program and I signed up for that. And then just before they were going to run it, they contacted me and said that they weren't prepared to run it anymore. And I was devastated. I ended up getting in touch with Dr. Vera Tarmon, who is a director at Renasant, and she told me about, in fact, was going to run their intensive for their students. And Esther usually does it in Iceland, but this time she was actually doing it in Ontario where I'm from. So it's like three hours away from me, I had this opportunity. So I jumped at it and I went and did that intensive where Esther Helga had Amanda from Shift come in and run the intensive. And it was mind -altering. It changed everything about the way that I looked at food addiction, totally, totally opened my eyes.

Evening News with Art Sanders
Fresh update on "five years" discussed on Evening News with Art Sanders
"In more than five years call allred heating and cooling for their famous allred comfort tune up they want to keep you comfortable now until the holidays so they have cut the tune up price in half for new customers to only 79 dollars this is going to keep their comfort consultants very busy so schedule as soon as you can so they can take care of you your system may just need maintenance or if it needs to be replaced you can trust the allred comfort consultants they'll be honest and recommend the most affordable efficient system for your needs I love these guys and so will you they're a true family business twins Dan and their Matt team goes above and beyond and truly cares about their customers they have more than 1 ,500 five -star reviews on Google schedule your total $79 comfort tune up today eight seven seven seven all red eight seven seven seven allred or go to trust allred .com that's trust allred .com it's 15 till welcome back this is America in the morning I'm John Trout House Republican leaders say they will likely move forward next week taking steps in a potential impeachment of President Joe Biden. John Stoneless has more from Washington. House Speaker Mike Johnson says it is their constitutional duty to a launch formal impeachment inquiry into President Biden and what they believe is potential wrongdoing with regard to business dealings with the president and his son Hunter. This vote is not a vote to impeach President Biden this is a vote to continue the inquiry of impeachment and that's a necessary constitutional step. Pushing back at accusations the vote to officially launch the inquiry is politically motivated. Johnson says Democrats were the ones who were politically motivated when they voted to impeach Donald Trump twice. This is not a political decision. This is a legal decision. It's a constitutional decision and whether someone is for or impeachment against is of no import right now. Johnson claims the White House is stonewalling their investigation by refusing to turn over documents and withholding witnesses subpoenaed by House Republicans. Democratic Congressman Ted Lew says that's simply not the case. The White House has been extremely compliant providing over 35 ,000 pages of financial records, 2 ,000 Treasury reports, 36 hours of testimony and Republicans still have not found a single shred of evidence to implicate Joe Biden in any wrongdoing. Lew does agree that the Republicans impeachment of Biden is much different than their impeachment proceedings against former President Trump. He incited an insurrection. There was video of it. There was audio of it. There were Joe Biden. Police officers injured, there was damage to the Capitol. Here, there's just no evidence. The current Joe Biden was launched by former House Speaker Kevin McCarthy in September, but without a full House vote. Democrats claim the inquiry is not legitimate without that floor vote, a claim Republicans made against former Speaker Nancy Pelosi when she initially launched a Trump impeachment inquiry without a vote in 2019. The House leader did hold an official floor vote on that Trump impeachment. Jon Stoleness, Washington. 12 till now, a massive explosion has leveled a house in Arlington, Virginia, down the road from the Pentagon. Correspondent Jennifer King reports. The incident began Monday afternoon at a duplex in Washington, D .C.'s Virginia suburbs, when Arlington County police responded to reports of shots fired, which they later determined came from a flare gun. Individuals in the area started to report the reports of shots heard in the area. As a result, officers our responded to investigate that incident and ultimately determined the suspect had discharged the flare gun outside the residence. Several hours later, as police attempted to serve a search warrant, the suspect inside the house fired several rounds inside and then the house exploded. The whole house shook from the sound concussion. Neighbor Bob Maynes tells the AP he thought had fallen on his house. Video of the a incident sudden shows blast that threw timbers and fire high in the air and collapsed the house instantly. Captain Nate Heiner with the Arlington County Fire Department says they don't yet know the cause of the explosion. Federal investigators are assisting. Jennifer King, Washington. New York Governor Kathy Hochul has scheduled February 13th for a special election to replace former Congressman George Santos, who was expelled from the House of Representatives. Party leaders in the district that includes Queens and Nassau County will pick nominees for that vacant seat. Former Congressman Tom Suozzi who once held the seat before running for is expected to be the Democrats' choice in that heavily swing district. America in the morning continues with tech news. Quantum computing holds much promise for advancements in technology, for medicine, chemistry, mathematics, and AI. But progress has been slow until now. IBM is paving the way. Here's Chuck Palm with that. IBM is developing a new quantum computing chip and a machine that it hopes will serve as the building blocks of a much larger system about a decade from now. Tech researchers from around the world are trying to perfect quantum computing, which relies on quantum mechanics to computing reach speeds far faster than classical silicon -based computers. Microsoft, Google's Alphabet, China's and Baidu systems, along with other startups and nation states, are all racing to develop quantum machines. IBM's Dario Gil said the first machines to use them is called Quantum System 2, which uses three of the new Huron chips. He said that progress should appear fairly steady until the year 2029, when the full effect of error the correction technologies come into play. In crypto news, the cryptocurrency industry is on track to hit a new record for federal lobbying spending after the massive meltdown of the FTX exchange. Bitcoin ended yesterday over 44 ,000 per coin. Leave a comment at AllTheTopTech .tech. I'm Chuck Palm. It's 10 till your midweek sports report is in on America season tournament quarterfinal action last night. The Bucks blasted the next 146 122. They had 35 points. The Lakers held off the Suns 106 103 LeBron James with 15 of his game high 31 points in the fourth quarter. So tomorrow's semifinals in Las Vegas will have the Bucks against the Pacers followed by the Lakers against the Pelicans. The winners go for the in season title on Saturday. NHL the Senators last in the Eastern Conference beat the first place Rangers 62 Brady kachuk and Vladimir Tarasenko each scored twice wild Snuffed out the flames for their fourth straight win under new coach John Hines Calgary had a hard push there and I thought that that's part of the The things you have to go through, you know, like you said we've had some leads and a lot of things go our way but to just to see how the group responds a a bit to push and a little adversity in the game was really good to go through. Sharks snipped the Islanders in overtime Thomas Hurdle with a hat trick Rick King's wing the Blue Jackets in OT LA a perfect 10 -0 on the road this year wins for the Predators Red Wings Avalanche and Devils college basketball number two Kansas rolled over Kansas City fifth -round Connecticut beat number nine, North Carolina at the Jimmy V classic in New York number 11 Florida Atlantic lost to number 20 Illinois in the opener at Madison Square Garden Marcus Domask and Terrence Shannon Jr. each had 33 for the Illini baseball's winner meetings in Nashville the Guardians win the draft lottery despite just a 2 % chance in the draw they'll have the overall number one pick for the first time next summer that's Wednesday Sports thank you sir it's 8 till when America in the morning continues cleared your search history think again after these messages I could always feel like Nobody's watching me, and I look no proxy Oh, I always Be there,

InTouch - Think STEAM Careers, Podcast with Dr. Olufade
Adebayo Alomaja Unpacks Key Trends Shaping the Future of Education
"Was looking at your LinkedIn, you mentioned your work at EZDG, where you've been studying the educational trends. You read a lot. So you have identified five key trends. Could you share those trends with us and how does that inform, I guess, your vision as we talk about the use of data? Yeah, thank you so much. Thank you so much, Dr. Eyal. In one of my posts, I talked about five key trends that will characterize K -12 education in Africa by 2030. And of course, I always say that the future is not vague. When we look at the future, for example, if I am in year two today, if I'm in year two today, in the next four years, I should be in year six. That's by design. So all things being equal, I should be in year six. But okay, so for the sake of eventualities and the likes, let me put two, three or four years ahead. So if I'm in year two today, I will say that in the next four to eight years, I should be done or I should be done with anything called year six. So look at that kind of simple analysis. So the future is not totally vague. If we do backcasting and backcasting is just basically about studying how things have evolved in the previous years. For example, I checked how 3G, 4G and 5G came to Nigeria. And then I discovered from my research that the gap between their adoption was six to eight years. That's 3G, 4G and 5G in Nigeria. So the gap was just between six to eight years. Now, that's just something to me. Of course, if I look at the impact of that on the digital economy in Nigeria and the predictions around the digital economy in Nigeria. Sorry, I'm digressing a little bit. No, no, I won't say analogies. That's great. Yeah, that's something because I am always thinking about the future and what needs to be done today in K -12 so that we're raising kids that can thrive when they get to the future. Kids are not going to be confused. Kids that can be so much empowered and even think beyond themselves to add value to the society. So when I think about that, for example, I'm talking about 3G, 4G, 5G and how it came to Nigeria. That backcasting review gives an insight. So based on that, I can say that if 5G came to Nigeria this year, they're most likely in the next six to eight years, we're going to have another version, maybe 6G or something else, or maybe not 6G. But that pattern shows that there's a likelihood that around that period, something is going to happen. So when we, as future priests, when we see some things like that, I don't think it's spiritual, actually. I just think that it's just studying the way things are evolving, which anybody can actually do if you're passionate about and understand that this is what might happen at this period because of what we have seen that has happened in this particular period in the past. So five key things, five key things I put here, I said, number one, I said, learning will no longer be tied to a place called school, but an experience that promotes lifelong learning. As learners, we now be able to learn anywhere and anytime. So there will be nothing like homework or classwork, but assessments to provide feedback and ensure mastery. Now, the question, is this happening right now? This is happening right now. I forgot to mention something. So when we look at the future, that there are three P's, there is the possible, there's the preferable, and there's the predictable. So there are things that when we look at the future, we can say that this is possible at this time. There are things that we can say that this one is still in the predictable realm. So it's still in the predictable realm. We can have five years or some six, seven years to it. It looks like it might happen this period. There's something is shaking about it. But some factors are trying to say that it might or it might not, it's quite predictable. And why some things may not just be preferable. So right now, there's a flying car. A flying car was just launched, I think, last week thereabouts. And so the question is in Nigeria, are we going to have your flying car by 2030? The issue is that's not possible and it's not even preferable because right now, we're just trying to bring in electric cars into Nigeria. We have some electric cars in Nigeria right now. We're just trying to get on our own. And for infrastructure and many reasons, we can't use flying cars in Nigeria by 2030. That's going to be a big problem. So this particular thing is something that is happening even right now. So we see, for example, the school I talked about earlier, first guidance school, they are now hybrid. I'm an hybrid in the constant. They are now hybrid in the sense that there are days that some kids don't come to the physical school. They just learn from home. They just learn from home because the structure within the school environment is that the kids can connect with their classroom from anywhere. So we're going to have connected classrooms. They can connect to their classroom from anywhere. That is happening today in Nigeria.

WTOP 24 Hour News
Fresh update on "five years" discussed on WTOP 24 Hour News
"Harris, CBS News, Washington. Now that George Santos has been moved from Congress, a special election has been set to fill his House seat. New York Governor Kathy Hochul says a special election will be held Tuesday, February 13 to replace George Santos. This represents district parts of the Queensborough of New York City as well as Long Island. It could be an opportunity for Democrats pick to up a seat in a district that voted for President Biden in the last election. Santos was removed from office last week, becoming just the sixth member of the House and the first Republican to be expelled from their seat. Matt Cooper, CBS News, New York. The Republican majority in the House shrank to 221 to 213 with Santos' removal. He still faces 23 felony charges related to of allegations misconduct. Here's your Chill The question of the day. Chris from Florida asks, How do you handle an annuity that is left to two people, but don't they agree on how to get the payout? It's either one lump sum or paid out over five years. One person just wants it in

Capstone Conversation
Jared Asch Welcomes Walnut Creek's Teri Killgore to Capstone Conversation
"To this episode of The Capstone Conversation. I am your host, Jared Ash. Today, we are joined by Terri Kilgore from the city of Walnut Creek, where she serves as the assistant city manager in overseas economic development. One of the themes of this podcast is to talk about where are our communities going, but it's also important to look at economic development and how cities are continuing to improve post COVID in the new era with increased online shopping. And Walnut Creek has dove into a number of economic development studies and has a plan for the future of its city to grow. So we're going to introduce Terri here to tell us a little bit more about herself. Welcome. Thanks, Jared. It's nice to be here. So I've been with the city of Walnut Creek five years now, and it's been a wild five years with COVID thrown in the middle, as everyone has experienced. It's been a pleasure to serve both as the assistant city manager and economic development director. And while we had to pivot really quickly to help keep our businesses open during the pandemic and that involved outdoor dining and streamlining permitting for HVAC systems and other things people needed to do to survive, it's exciting that we're now back to working on real economic development work is what I would call it, where we're building a strategy and an approach. And we took the intentional path of picking an action plan with a two year horizon. As you mentioned, we did several studies to help inform us on this journey. As you can imagine, most of the data sets that we traditionally rely on, like the census and the American Community Survey, are just really dated and don't reflect the world post -COVID. So we went out to our brokerage community, got some quick updates on the state of the market and different subsectors. And so we think we've built a plan that is going to set our community up for long term success. And the future is bright for Walnut Creek. We obviously have challenges, as does every community. But we're starting from a really strong base. And so we're excited to really dig in and get working on these elements that will really move the ball forward. Awesome. So let's dive in to it. I like the fact that you're talking strategy, short term, long term. A lot of cities are going after just a big fish, right? They looking are to get a company that's going to have five or ten thousand high paying jobs in there. Walnut Creek is having multiple elements into their plans. So let's talk through what did you learn in the study first and then we'll go through elements of the plan. Yeah, the studies kind of reconfirmed a lot of what we already knew about our economy, which is that we are very driven by small to medium companies. We've got some notable headquarters located here as well. But that our bread and butter is really folks who live in the community and work in the community and grow their businesses here. And so there there is one strategy and economic development, like you said, where you go elephant searching and hope to get the one big thing. But that's a really risky strategy. It often takes a very long time to pay off. And so you've got to find a very specific niche where you can market what you have available that meets exactly with these unique needs of these mega companies. And so we looked at it and said that that's one approach. But we already have a nice mix of companies in our economic ecosystem. And I think the growing wisdom over the years in economic development is it's better to do economic gardening, is what they call it, where you help your local companies grow, you try to attract similar industries based on industries that are already present. And so for us, our big market drivers are medical, finance, insurance, real estate, a little bit of tech software, more so. And then a lot of small businesses that thrive in the retail and in the restaurant sectors. And so how do we really help those businesses that are here grow? And that includes reaching out to them and figuring out who do they know, who else might be looking for space, who are their vendors that they wish were close by so that we can continue to build on the existing strength of our market instead of kind of placing a bet on red and hoping everything just lands perfectly.

The Hugh Hewitt Show: Highly Concentrated
A highlight from David Brooks on How To Know A Person
"Turbulent times call for clear -headed insight that's hard to come by these days, especially on TV. That's where we come in. Salem News Channel has the greatest collection of conservative minds all in one place. People you know and trust, like Dennis Prager, Eric Metaxas, Charlie Kirk, and more. Unfiltered, unapologetic truth. Find what you're searching for at snc .tv and on Local Now Channel 525. Welcome to today's podcast, sponsored by Hillsdale College. All things Hillsdale at hillsdale .edu. I encourage you to take advantage of the many free online courses there, and of course, to listen to the Hillsdale Dialogues. All of them at hillsdale .com or just Google Apple, iTunes, and Hillsdale. Welcome back, America. I'm Hugh Hewitt. Inside the Beltway this morning, I'm so glad you joined me. I want to talk with you about this book. David Brooks's brand new How to Know a Person, The Art of Seeing Others Deeply and Being Deeply Seen. David joins me now. Hello, David. How are you? It's good to be with you again. It's good to talk to you. David, I'm used to getting books, and I got yours for free. They get sent to me. I want to tell you I'm going to buy six copies of How to Know a Person, three for my children and their spouses, and three for friends who are no longer friends that I want them to read. I wonder if you've had other people tell you that they're going to be buying your book to give to other people. Yeah, thank you for being generous on Twitter about the book. I appreciate it. Yeah, no, I've had people buy it for all their employees. I've had people buy it for the families. I haven't heard about buying it for ex -friends, but it's a good strategy. It is. We just live in these brutalizing times. It is. And my book is supposed to be a missile directed right at that. It's about the precise skills of how do you get to know someone, how do you make them feel respected, seen, heard. How do you make them feel respected, seen, and heard? I know why my friends are not my friends anymore. It's because of Donald Trump. They thought me insufficiently outraged about Donald Trump, and I can't bridge that gap, right? I can't be other than what I am, which is I voted for him twice, and if he's the nominee, I'll vote for him again. But they don't understand it, and I don't know that they're trying to understand. I don't understand them either, but I think How to Know a Person has assisted me. So, congratulations. Let me also tell you, I told our mutual friend Bob Barnett that I was telling people about your book in Miami as I prepared for the debate, because my wife and I talked about one statistic in particular, one paragraph actually, on page 98. Thirty -six percent of Americans reported they felt lonely frequently or almost all of the time, including 61 percent of young adults, 51 percent of young mothers. The percentage of Americans who said they have no close friends quadrupled between 1990 and 2020. 54 percent of Americans reported that no one knows them well. That is an extraordinary raft of terrible news, David. Yeah, and I found it's hard to build a healthy democracy on top of a rotting society, and so when this people are filled with loneliness and sadness, it turns into meanness, because if you feel yourself unseen, invisible, there's nothing crueler than feeling that people think you don't exist, and you get angry, and you lash out, and we have these school shootings. We have bitter politics. We've got the brutality of what's happening on college campuses right now, where Jewish students are being blockaded out of classrooms or have the recipients of genocidal how to build a friendship, how to make people feel that you're included, and these are basic social skills like the kind you could be taught at like learning carpentry or tennis or something like that. It's how do you listen well, how do you disagree well, how do you sit with someone who's got depression, how do you sit with someone who's contemplating suicide, how do you sit with someone who disagrees with you fundamentally on issues, and I just try to walk through the basic skills, and in my view, there in any group of people, there are two sorts. There's diminishers, the people who stereotype ignore, they don't ask you questions, they just don't care about you, and then there's another sort of person who are illuminators, and they are curious about you, they respect you, they want to know your life story, and they make you feel lit up and heard, and my goal in writing the book was partly social, because we need these skills to be a decent society, and partly personal. I just want to be better at being an illuminator. I think it comes through in the book. I listened to your interview with Katie Couric and her colleague, who I don't know, and they were trying to get at a question a couple of times, I'm gonna try and land that plane. Why did David Brooks write this book? Well, I'll give you the personal reason. You know, some people, if anybody watched Fiddler on the Roof, you know how warm and huggy Jewish families can be. I grew up in the other kind of Jewish family, and our culture was think Yiddish, act British, so we had love in the home. We just didn't express it. We were not a huggy family. We were all cerebral up here, and then when I was 18, the admissions officers at Columbia, Wesleyan, and Brown decided to actually go to the University of Chicago, which was also a super cerebral place. My favorite thing about Chicago, it's a Baptist school where atheist professors teach Jewish students St. Thomas Aquinas, and so I went into the world of journalism where we just Frederick Buechner once put it, if you cut yourself off from true connection with others, you may save yourself a little pain because you won't be betrayed, but you're cutting yourself off from the holy sources of life itself, and so I just wanted to be better at being intimate with other people. I've heard you now three times, read in your book, heard you tell it to Katie, and heard you tell it to me, the anecdote about the University of Chicago, the anecdote about Yiddish and British, but what is new is you brought up Buechner, and I've never read Buechner. I now know his backstory, which is so tragic. You include it in the book. I did not know he had a tragic backstory that illumines his character for me, and maybe I will go and read it, but you're in interview mode. How many different book interviews have you done? Uh, probably 20 or more. I don't know a lot. You're definitely, I know what that's like, where you want to get through an interview, and you want to make sure that people, you land the point, and I want to get a little bit deeper than that. I want to find out if you're with your self -examination. There's been a David Brooks self -examination underway for a long time, but you have not yet written your book about God. Are you going to go there? Yeah, well, at the end of The Second Mountain, I wrote a book about my spiritual journey, and how I grew up, my phrase was religiously bisexual, so I grew up in a Jewish home, but I went to a church school, and I went to a church camp, so I had the story of Jesus in my God. And then when I was 50 or so, reality seemed porous to me. It seemed like we're not just a bunch of physical molecules. You know, I once, I was in subway in New York City in God's ugliest spot on the face of the earth, and I look around the subway car, and I see all these people, and I decide all these people have souls. There's some piece of them that has no size, weight, color, or shape, but gives them infinite value and dignity, and their souls could be soaring, their souls could be hurting, but all of us have them. And once you have the concept of the soul in your head, it doesn't take long before the concept of God is in your head. And so I went off, especially about 10 years ago, and it's still going on a spiritual journey of just trying to figure out what do I believe? And I learned when you're on a journey like that, Christians give you books, and so I got like 700 books sent to me, only 350 of which were different copies of Christianity by C .S. Lewis. And so that was my journey. And it didn't, it was very slow and gradual. There were some dramatic moments, but not a lot. But I realized, oh, I'm not an atheist anymore, and my heart has opened up to something. And I think this book is the extension of that. When your heart opens up to God, and if every person you meet, you think this person was made in the image of God, I'm looking at somebody so important, Jesus was willing to die for that person, then I've got to show them the respect that God would show them. I've got to try to see them with the eyes that Jesus would see them with. And that's a super high standard that I'm not going to meet, but it's a goal. And Jesus says, even in brutal, tough times, He sees people, He sees the poor. And the main thing He does is Jesus is always asking questions. Somebody asks Him a question, He asks them a question back. And that act of questioning, what you do for a living, that's a show of respect. And that's the doorway to seeing someone. And so to me, I think questions are a moral act that we're phenomenal at when we're kids. And then we get a little worse at it. And I come sometimes leave a party and think that whole time nobody asked me a question. And I've come to think like only 30 % of the people in the world are question askers. And so part of the thing I do in the book is just try to say, here are some generous things to do to ask people questions. It is a, that is the key takeaway, how to ask questions. And this is a skill set. I sent a note this morning to my friend, Jan Janur, who has been running a Christian ministry for 30 years called The Wild Adventure. He wrote a book called Turning Small Talk into Big Talk. And I was reminded of it. Yours is a longer, more complicated examination of the art of asking questions and why you want to do so. It's also, it reminded me a lot of C .S. Lewis, The Weight of Glory. You have never met an ordinary human being. Everyone is an eternal horror, an everlasting splendor, and you believe that and you get to it. And I want to talk about how one gets there, but I want to begin, interestingly enough, with a comment Katie Couric made you. And I listened to that yesterday. I'd finished your book last week and I made my notes last night. And then I listened to Katie Couric interview. She spontaneously brought up her interview with Sarah Palin. Why do you think she did that, David? I like Katie a lot. And she's been a guest on my show. I loved her memoir, at least the first two thirds of it, which was about her younger life, which I thought was fascinating. Why do you think she brought up the Sarah Palin interview? I was also struck by that because I don't think she talks about it enough. I know Katie from various things and I don't think she talks about it all that much. I think it was a time when she was asking questions and somebody just wasn't answering. It was a time when she was having a miscommunication. I imagine that's why she wrote up. Do you have another theory? I do. I think it's because she's been misunderstood because of that question and that she wants people who only know Katie Couric because of that question to know that that's not Katie Couric. And that, to me, it was it made perfect sense she used to be known. And that's the central theme of this. People want to be seen. They want to be known. And if you are known for the wrong thing, in this case, the Katie Couric Sarah Palin interview, you want to you want to get that off your cargo ship, right? You want that unloaded. And I thought, wow, you really the book worked on her. Let me tell you also, on page 134, you talk about face experiments with infants. I want them outlawed. David, what did you think when you read it? I think those are cruel and awful. Tell people about them. Yeah, so babies come out of the womb wanting to be seen. Baby's eyes, they see everything 18 inches away in sharpness. Everything else is kind of blurry because they want to see mom's face. And these experiments that you referred to are called still face experiments. The babies send a bid for attention. And the moms are instructed, don't respond, just be still face. And in the beginning, the babies are uncomfortable. And then after a few seconds, they start writhing around. And five within seconds, they're in total agony, because nobody is seeing them. And I really don't think that's that much different as adults. I think when we're unseen, it is just total agony. We're rendered invisible. And that's what I encounter in my daily life as a reporter. I used to go to the Midwest. I live on the East Coast, but I spent a lot of time in the Midwest. And maybe 10, 15 years ago, once a day, somebody would say, you guys think we're flyover country. In the last five years, I hear that like 10 times a day. And so a lot of just people feel they're invisible. And frankly, that's a little on my profession, the media. When I started as a police reporter in Chicago, we had working class folks in the newsroom. Our reporters, they hadn't gone to college. They were just regular people from Chicago, and they covered crime alongside me. Now, if you go to newsrooms, especially in New York, DC, LA, San Francisco, it's not only everybody went to college, everyone went to the same like 15 elite colleges, and a lot of the same prep schools. So if you're not in this little group, and you look at the national media, and you don't see yourself, it's as if they're telling you your voice doesn't matter. You don't exist. And that's a form of dehumanization that we've allowed to fester in this country. And of course, people are going to lash out. Yeah, I just spent two weeks with really wonderful professionals at NBC preparing for this debate. And at one point, I asked one of my colleagues in this exercise, I don't work for NBC, how many people do you think in this room voted for Trump? And taken aback, they did not answer because the answer is obvious. Nobody. And if if your newsroom is full of 100 % people not only didn't vote for Trump, but actually loathe them, you can't cover the country. It's impossible because you're not seeing the other 50%. And what your book is, I hope the newsroom is distributed as well. We are all about seeing people who have long been marginalized, and that is important. But if you don't see people who are supporting Donald Trump, for whatever reason, you can't cover the news. Let me ask you about this Philip Lewis fellow. I love him, because he finally gave me the courage to teach the do the Dormant Commerce Clause in the 11th Amendment with the confidence that even though my students are terribly bored, they have to know this. Where did you meet Philip Lewis? Because he's talking to teachers. Teachers need to read this book too, if only to be comforted in the fact that every teacher has this experience.

Real Estate Coaching Radio
A highlight from Real Estate Agents 5 Year Guide To Become A Millionaire
"Welcome to Real Estate Coaching Radio, starring award -winning real estate coaches and number one international bestselling authors, Tim and Julie Harris. This is the number one daily radio show for realtors looking for a no BS, authentic, real time coaching experience. What's really working in today's market, how to generate more leads, make more money, and have more time for what you love in your life. And now your hosts, Tim and Julie Harris. Welcome back. Julie and I are going to be presenting to you over the next few days, our real estate agents five year guide to become a millionaire, a big lofty title, but I'm sure you'll agree after you hear today's show, especially as we get into some of the points that you will understand this is a path forward that all of you can be taking, even in this crazy real estate market with all this sort of salacious headlines that are happening now. Does not matter. This is the path that many of our coaching clients have followed and to some extent that Julie and I did as well. So we are absolutely positive when you follow this path, you know, adjusting accordingly, depending on your own experiences, you will find what you're after in terms of financial freedom. And I think it's good, Julie, at this point that we do like a lot of people get stuck on the words like millionaire and rich and all the rest of it. And so let's simplify it all that means. And again, don't worry about if you don't necessarily, if you have a reaction to a specific word, if it maybe conjures up negative emotions or feelings or any of these types of things, some of you are thinking, well, how the hell can the word millionaire actually conjure up anything other than positivity? Well, there are people out there who are a little bit repulsed by the idea of a certain of some people having more than others, right? I mean, the whole 1 % conversation just to sort of, I think, draw a line out of that. But really, the goal should be in our humble opinions should be for you to be rich and you no longer actually have to work for your money. That's it, where your money is coming in on autopilot every month from having actually, you know, and where's that money come from investments, it can come from rental property come from exp revenue share, come from all different sources. But what's important is, in order to get there in the first place, you have to build a successful ATM machine. In other words, you have to build a successful real estate practice. And then you have to run a very profitable real estate practice. And then with that profit, then you can reinvest into things that make you passive income. Now, I know that was a lot in a very short period of time. But after you've listened to these, this three part series, you will understand clearly I think a lot of you are going to have a massive sense of relief. That's right. So we're going to give you a specific practical and tactical plan in order to meet or exceed your goals in real estate career and ultimately in your life in five years or less. As Tim said, you can adjust accordingly based on your own experience level, your skill set, and maybe your goal is to be a half millionaire. Maybe it's to be, you know, double that. So you can adjust. Julie still has her allergies, obviously. So what we're going to do today is we're going to go through what we don't want for you and what we do want for you. And I'm going to start out right away with what we don't want for you. We don't want you to be burned out, broken and beholden to other people or companies controlling your success.

Markets Daily Crypto Roundup
A highlight from Crypto Update | What JPMorgan Analysts Missed About Bitcoin's Rally
"This episode of Markets Daily is sponsored by CME Group and PayPal. So you don't miss an episode, be sure to follow the podcast on your platform of choice and turn on notifications. And just a reminder, CoinDesk is a news source and does not provide investment advice. Now a markets roundup. After the hectic activity at the end of last week as markets reacted to BlackRock's filing of an EtherSpot ETF proposal, the weekend seemed like an oasis of calm. So far today, the market looks mixed. According to Coindesk Indices, at 9 a .m. Eastern Time this morning, Bitcoin was down two thirds of a percent over the past 24 hours, trading at $36 ,873. Ether was up one third, trading at $2 ,059. Elsewhere, Filecoin was up 14%, Cosmos was up 10%, Optimism and the Lido DAO token were up 5%. Solana was down 1 % after what has been an astonishing run. Over the past week, the asset is up over 40%. You may remember that in an early October episode, I pulled out the average performance of Bitcoin for the month of October going back to 2010, which was 27%. I calculated that if Bitcoin achieved that average performance during the month, the price would reach just over $34 ,000. Well, that's pretty much what happened. Do please note, I am not saying I know where the price is going, and the October result was pure coincidence, I don't have a crystal ball. But let's try the same exercise for November just for fun. November historically has been on average an even better month than October, with an average performance going back to 2011 of 44%. If this November meets its average, and it's a big if, that would put the Bitcoin price at just over $49 ,000. It's a pleasant thing to keep in mind. In macro indicators, today I have more news from the University of Michigan Consumer Survey. You may remember a couple of weeks ago, I talked about why this survey was worth watching. It's because of what it says about how consumers are feeling, which could impact future spending. Well, on Friday, we got the details for October, and there are some worrying signals in there. Inflation expectations one year out are now at 4 .4%, much higher than the expected 4%, and higher than September's 4 .2%. This is the highest level since May, which signals that the rate hikes are not doing what they're supposed to do, which is bring down corporate and consumer spending and reset expectations. The fact that consumer inflation expectations are more than double the official target is not nearly as worrying as the fact that they are heading up. And it's especially relevant since it is something Fed Chair Jerome Powell has said he keeps an eye on, as inflation expectations can influence behavior. This rise in the University of Michigan's survey result further confirms that rate cuts are not on the table just yet, and probably won't be for a while, at least until this number comes down to close to 2%. The University of Michigan inflation expectations for five years out also came in higher than expected at 3 .2%. This is lower than the 12 -month expectations, which is good, but it does send the signal that the Fed's inflation target won't be reached even in five years.

CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | What JPMorgan Analysts Missed About Bitcoin's Rally
"This episode of Markets Daily is sponsored by CME Group and PayPal. So you don't miss an episode, be sure to follow the podcast on your platform of choice and turn on notifications. And just a reminder, CoinDesk is a news source and does not provide investment advice. Now a markets roundup. After the hectic activity at the end of last week as markets reacted to BlackRock's filing of an EtherSpot ETF proposal, the weekend seemed like an oasis of calm. So far today, the market looks mixed. According to Coindesk Indices, at 9 a .m. Eastern Time this morning, Bitcoin was down two thirds of a percent over the past 24 hours, trading at $36 ,873. Ether was up one third, trading at $2 ,059. Elsewhere, Filecoin was up 14%, Cosmos was up 10%, Optimism and the Lido DAO token were up 5%. Solana was down 1 % after what has been an astonishing run. Over the past week, the asset is up over 40%. You may remember that in an early October episode, I pulled out the average performance of Bitcoin for the month of October going back to 2010, which was 27%. I calculated that if Bitcoin achieved that average performance during the month, the price would reach just over $34 ,000. Well, that's pretty much what happened. Do please note, I am not saying I know where the price is going, and the October result was pure coincidence, I don't have a crystal ball. But let's try the same exercise for November just for fun. November historically has been on average an even better month than October, with an average performance going back to 2011 of 44%. If this November meets its average, and it's a big if, that would put the Bitcoin price at just over $49 ,000. It's a pleasant thing to keep in mind. In macro indicators, today I have more news from the University of Michigan Consumer Survey. You may remember a couple of weeks ago, I talked about why this survey was worth watching. It's because of what it says about how consumers are feeling, which could impact future spending. Well, on Friday, we got the details for October, and there are some worrying signals in there. Inflation expectations one year out are now at 4 .4%, much higher than the expected 4%, and higher than September's 4 .2%. This is the highest level since May, which signals that the rate hikes are not doing what they're supposed to do, which is bring down corporate and consumer spending and reset expectations. The fact that consumer inflation expectations are more than double the official target is not nearly as worrying as the fact that they are heading up. And it's especially relevant since it is something Fed Chair Jerome Powell has said he keeps an eye on, as inflation expectations can influence behavior. This rise in the University of Michigan's survey result further confirms that rate cuts are not on the table just yet, and probably won't be for a while, at least until this number comes down to close to 2%. The University of Michigan inflation expectations for five years out also came in higher than expected at 3 .2%. This is lower than the 12 -month expectations, which is good, but it does send the signal that the Fed's inflation target won't be reached even in five years.

The Maverick Paradox Podcast
A highlight from Aim to be above your business
"In this short talk episode I speak to Jonathan Jay about his experience in buying and growing businesses over the past 25 years. Jonathan bought a total of 53 businesses over the course of six years with five being before the pandemic and 48 during the pandemic. In this conversation he shares the top five mistakes entrepreneurs make when buying a business and the importance of identifying game -changing acquisitions based on the financial numbers, knowing when to sell business at its peak and the value of not being emotionally attached to the business. I create clear thinking and decisive leaders who can amplify their influence. Contact me to find out how I can help you or your organisation. And today our guest is Jonathan Jay. How you doing Jonathan? I'm very good thank you Judith, thank you for having me on. No thanks for coming on board. Now tell me, what's your favourite thing ever? I was expecting this to be a question about buying a business. My favourite thing ever? Oh my goodness, that's such a broad... my daughter, there you go. Can't get better than that. No you cannot, I bet she's gorgeous when she smiles. Even when she's grumpy she's fairly gorgeous. Brilliant. Jonathan tell us a bit more about you. Well this coming year, 2024, is my 25th anniversary of doing buying, selling, owning, growing and all those sorts of things in business. I've actually been in business longer but my first business was sale in 1999, so coming up to the 25th anniversary and it feels like yesterday in some ways and it feels like a very long time in other ways and I'm going to take it a lot easier from next year onwards, spend a little bit more time doing things other than businessy things. Interesting, so when you buy these businesses do you onboard a management team or do you become the CEO for a while or what do you do? Well it's an all depends answer on the different situations. I'm not particularly interested in operations and I'm not very good at it either. I'm not really the people person that's required to do that sort of thing so I always prefer other people to do that. Okay it's always good to know so many CEOs, founders as well they sort of get trapped into running it when they're not the right person. Well yes that's right because at the beginning you do everything yourself don't you? You are the business in every way possible so it takes quite a mind shift change to say that's not going to be me and there aren't any rules about when it stops being you. Does it stop being you after 12 months or 24 months? There's no rule so it just ends up being you all the time because at the beginning you can't justify anyone else being involved. You can't afford anyone else usually but it is a trap so the work on your business rather than in your business, massive cliche now but when Michael Gerber wrote The E -Myth over 35 years ago I think, it was quite a revolutionary change in people's thinking and he encapsulated it so well with that phrase work on rather than in and now I say to people work above the business so you become the investor rather than the doer or just the owner. And how easy is it to do that? I've never heard of anyone talking about being above the business. How easy is it to get there? Well there are very few things in business that are easy because everything takes discipline, effort, hard work, dedication and all of those things but I think it's important because if you do get dragged into the day -to -day you become the bottleneck in your own business and the growth of your business is going to be throttled by your time and your energy and to have boundless energy in our 20s and 30s past the age of 50 maybe the energy level is not quite what it used to be and we look forward to an early night and a good night's sleep so therefore capturing the energy and enthusiasm of other people allows you to do far more than if it was completely dependent upon you. Okay that makes sense. So in the last three years you've bought 48 businesses so tell me about that journey. Yes it's more than that actually, 53. So yeah I did a buy and build in 2019 which is what's that like that was five years ago actually five years back that I've been thinking about for a year prior to that so it really goes back about six years and I bought five of these businesses before the pandemic, 48 during the pandemic and it was stressful at times. I've got to admit that it wasn't plain sailing, very few people I've ever met have done that. There's only one person I can think of who's done it that aggressively and I ran out of energy. I was helping my daughter with her spelling homework and she was reading through the words for her spelling test that coming that coming week and one of the words was unhappy and she looked at me and she said that's you. Wow. And I said oh okay okay I let it go and the next day I said why did you say that and I said what makes me unhappy and she said work and I thought I've just suddenly become a very poor role model and at one point I was hospitalized. I'm not trying to put people off buying a business, I'm trying to put people off buying 53 businesses in like it was actually two and a half years. The stress started to get to me so no amount of money or no obsession with business is worth your health, your relationships, your family and all of those things and I think that early on in our careers we put everything behind our business and our career and then I think again when you tip into maybe when you tip into your 40s then you tip into your 50s you realize that you've got to get your priorities right because you start saying life is too short way too many times you've only yourself repeating that again and again life is too short life is too short so I think it's getting that work -life balance again yeah that was a kind of a new phrase 20 years ago and now it's work -life balance this that and the other but it's but it is very important. So you risked your health doing what you did but why did you do that? No one had a choice to be fair it kind of crept it kind of crept up at me I wasn't intentionally doing that. I had these stomach pains that wouldn't go away and one particular night you know I just didn't sleep the entire night I was just such agony and I was googling appendicitis and that was actually on the other side so it wasn't appendicitis I thought I couldn't figure out what it what it was I always thought my stomach was kind of in the middle and it's not actually it's to the to the side so I figured it was my stomach so I went to the doctor which I don't you know not something I've ever done on a regular basis and the next day I was having a colonoscopy which is not my favorite medical procedure out of all the medical procedures there are available a colonoscopy is not my most favorite one and they couldn't find anything which was good in some ways but what what was causing these the the stomach pains and it was all stress related so that was when I decided I've got to make a bit of a life lifestyle choice here and however big the pot of gold at the end of the rainbow if I'm not here you know because I'm as long as possible and I can't risk um you know I can't risk my health sort of suffering because of something which is let's face it financially based so um so yeah yeah it's a very common trait though isn't it entrepreneurs pushing themselves far too far um because I suppose you just get used to it and then it makes then it becomes harder to let it go oh I mean I I I have been and to a certain degree even now addicted to my phone I mean it's like it's like I get uncomfortable if it's not in my hand or I can feel it in my pocket which is bizarre I mean I shouldn't be looking at my emails at the weekend should I I mean it's like what's happening at the weekend nothing's happening at the weekend so so why am I even looking um so so it's but but I but I also remember the very very first day back in I think it must have been the mid -2000s when someone showed me how I could actually get emails on my phone and it was like oh my goodness I don't have to sit at my desktop to get my I can actually get them on my phone and you think that um you know if you if you again if you go back 20 25 years where we didn't have Facebook and we didn't have social media we didn't have um phones of any description but we still managed okay actually this is going back 30 years we still managed okay and we managed with a fax machine and uh you never hear anyone saying they make more money now than they did back then because they've got phones and technology yeah it it it is meant to improve communication but I don't remember anyone ever saying communication was was bad it was just you worked with what you've got and you didn't expect an instant yeah people these days you send them a whatsapp message and you don't reply instantly it's like a it's it's it's considered to be rude um where you know no one ever got upset when you faxed them and you didn't fax back immediately had it changed for the better not necessarily yeah why did you buy all those businesses in such a short period of time and it was in opportunity um that uh it was an opportunity to grow a grow a a pretty sizable group the fourth largest in the sector um within a short space of time and the pandemic was good in some ways business -wise bad in other ways um and one of the ways it was good it was because there were we just went for it um what it was it was just opportunistic that's all what type of businesses are they are these were all uh child care oh wow okay that made do you do you still have those no well my my business partner took over when I I I decided like I said the pot of gold at the end of the rainbow was not was not as enticing as I thought it was going to be so she took over um uh and and she was the child care expert I I was just the guy with the idea so my contribution was I had the idea and I knew how to do the deals and get the deals done um apart from having a child I I don't really know anything about uh how to run a child care business it's all highly regulated and you know I'm not qualified to do that anyway okay that makes sense so how did you know which of those businesses were good businesses to buy next to other businesses that you didn't buy uh because I looked at 500 so I looked at 500 first and it was kind of like a one in ten um of the of the 500 uh despite that you know some of them were better than others because they're not all created equally um and and some had some inherent cultural issues uh some had reputational some issues had financial issues uh you never get a perfect business right every business something that isn't appealing to someone else um maybe as the owner you live with it but to a new owner they wouldn't think it was um a good thing uh so so yeah so so the the bottom line was having choice of looking at looking at 500 in quick succession so if somebody was sitting there and they were thinking I need to I want to buy a business yeah is there any key things other than the fact that obviously you know the financials if you take the financials out is there any key things that people should be looking at well it is actually the financials the largest part because you want a business that's that's making good money and if you're going to buy a business why would you buy a business making 50 000 a year when you can buy a business making 500 000 a year with the same level of effort um as actually is easier to buy the larger business and the smaller business the larger business is going to be a better business than the smaller business um so they're uh yeah so the financials actually are are absolutely critical uh it's got to have enough staff enough people because you always get some when you buy a business you always get some people you want something that if you've if you've got a business with five members of staff and two leave you've got yourself a big problem uh if you've got a business with 50 members of staff and five leave or six leave it you know you don't notice yeah sometimes they were surplus to requirements anyway uh you've got to have a business that's big enough to be able to afford some good people to run it because you don't want that if uh it if it if it's you and you just bought yourself a job uh and even though it might be a well -paid job yeah we've kind of created that bottleneck that we were talking about earlier yeah and how did what sort of weight do you put on things like the culture of the organization well the that's the hardest part so you know if you buy two businesses one has a nine to five you know you walk in at one minute to nine you leave at one minute to five and then you've got the other which is work hard play hard and you know we're on call we're available anytime we'll do what's required to grow this business you try and put those two groups of people together and they won't mix so that cultural match is is really difficult and getting the staff on side is really important and that you know we did it really well and we did really badly yeah so and everything in between and sometimes it's practice slightly outside of your control as well so um you know you you might have a seller who who is a reluctant seller and some for some reason doesn't want the buyer to be successful and definitely doesn't want the buyer to be more successful than they were doesn't want to show doesn't want to be shown up so they they spike it a little bit with the staff and it's amazing how many people sell a business and then keep in touch with the staff and want to know everything that's going on they can't let go oh i suppose after 20 years of ownership i get that i understand that but uh that that makes things a little bit tricky so the the people aspects are typically the hardest okay thank you that's really that's really a good point so what are you doing now then um i go on holiday a lot and i take my daughter to school i pick her up from school um i watch uh dancing uh uh shows uh gymnastics competitions the other night last night and uh and i i do that i i i fill my day um helping other people buy businesses and benefiting from my experience over the last 25 years so uh these are either business owners already who want to expand by buying another business or they're entrepreneurially minded people quite a few property investors recently are not getting a very good return on property um and uh and see an opportunity in business so it's a it's a combination of all of uh all those different types of people and i i have sort of groups of business owners and entrepreneurs who come together and i guide them through the business buying process so they don't make all the mistakes and there's a lot of mistakes you can make and i've made all of them so i can help people avoid them that sounds really good so is there a top five mistakes that entrepreneurs make when they're trying to buy a business yeah um this is in no particular order because it's off the top of my head but uh definitely uh letting uh emotion rule the decision so ahead so it you turn into a motivated buyer you want to buy it and therefore you've got to make the deal work even though the deal shouldn't work it actually would help you if the deal didn't work um buying a business that's too small so you end up um getting involved because you have to and the business can't afford anyone to replace the exited owner um another mistake is using your own money you should never use your own money when buying a business why would you do that um you know we can we can finance the the acquisition without you having to reach into your own pocket and that's why people can buy multi -million pound businesses without being a multi -millionaire uh you don't need the money to to do that you just need the knowledge and the three mistakes that people make uh mistake number four um is that uh let's see um they uh get the numbers wrong so they don't do sufficient due diligence to understand exactly how much profit the business makes uh what the business will continue to make under the new ownership you know they rush the deal they rush this part of it because it's not very exciting due diligence um it's a little bit like waiting for the house survey to come back when you've already want to buy the house and even if there's a hole in the roof and you're gonna buy that house so people ignore the due diligence or skimp on it that's four thing four mistakes that people make i've done a video i've done actually done a video series of 12 mistakes that people make uh and uh so let me think of one of those for number five for you um so i i think going into an acquisition without enough knowledge of what to do so feeling as though you can make it up as you go along you can pick up bits of information of the internet i mean goodness me if you spend enough time on the internet you'll you'll be so confused because people say different things what you need is a process you need a system to follow you need to say like this is the first thing i do this is the second thing to the third thing and every time i see someone follow the system they get the result if they don't follow the system they don't get the result and it becomes frustrating or it becomes expensive or they end up just not doing it so i think it's really important to follow that process follow that system so there you go there's five mistakes that people make they're really good ones actually and they're things that you don't automatically think of and that i like the idea about not being a motivated buyer because you make mistakes because you just need and like you say you just need to buy it when it's been going on for ages so it's just like i've put i've already invested x amount of time so now it's i might as well just do well it um yes or i've spent x amount of money and yeah i feel as though i i have an obligation to follow through uh which is just not some not a good idea uh at all you you are looking for a motivated seller you're looking for somebody who wants to sell because if they don't want to sell why you know what you're going to do you're going to try and persuade them to sell to you does that sound like it's ever going to be a good deal so you want someone who wants to sell and you'll find that the more they want to sell the better the deal for you so out of all though millions of businesses out there i think you're probably better off finding someone who really is motivated to sell rather than someone who doesn't want to yeah and i suppose the other thing to think about is if you've got another business or other businesses is how does this one adds to the portfolio or does it distract from the portfolio i guess another one isn't it exactly and and it becomes a distraction it becomes a bad distraction if it's small and it sucks up time but doesn't give you anything back uh it's a good distraction um if it's a game changer acquisition and that and that's what uh um that's always what we're that that is a game changer or just something that you want to do how do they how can they tell the difference uh it's usually down to the numbers right okay to give an example a father and son duo who just bought their first business recently with my help um eight million of revenue 1 .1 million of pre -tax profit that's a game changer deal where you know you buy a business 20 that makes 000 pounds a year well that's never going to set the world alight right it's just like why put the effort in you might as well go and buy the bigger the bigger business okay and do you have any thoughts about knowing when to sell when someone should be thinking about it's time to sell yeah when things are going well but no one wants to sell when things are going well because i say well why would i sell things are going well now that's when you get the um most value and things don't go well forever no business goes up and up and up and up and up and up and up every business you know it goes up and down it's like a roller coaster so you need to know when you're going getting up to the top of the the peak and when you're going up to the top of the peak that's when you sell when you reach the top the only way is down and that's when you get the worst value and that's when you become seriously motivated to sell you should be motivated to sell because the business is doing well not motivated to sell because the business is doing badly. That makes a lot of sense and I guess you need to not be emotionally attached to the business because that's when it's difficult to sell. You get the best value if you're not emotionally attached. If you are emotionally attached your value goes down every single time. This is really useful. Thank you so much for that. Before we finish is there anything Jonathan you want to add or leave with the audience? Can I give a plug for my YouTube channel? Yeah go ahead and do it. If you type my name Jonathan J J A Y into YouTube I've got over 200 videos on buying a business and all interviews with my clients who've done it, me doing presentations to groups of people, all different types of videos and there's some free training videos there as well. If anyone's interested in doing this check out the Jonathan J YouTube channel. Brilliant and I think that will help as you said it's always good to have a bit of a template a bit of a process and an idea of what to expect rather than getting super excited and go I've got some money I can do something. Yeah and keep your money in your pocket don't use your own money when buying the business. Brilliant thank you so much for coming on the show. My pleasure thank you Judith. You're welcome and thank you out there for tuning into the Maverick Paradox podcast. I'm Judith Germain your host and thank you very much for listening to us today. The Maverick Paradox. Judith Germain is an author, speaker, consultant, mentor and trainer and the leading authority on maverick leadership. She is the founder of the Maverick Paradox which supports organizations to enhance their leadership capabilities and to help business owners develop and grow their businesses. Judith enables individuals, business owners and organizations to improve their impact and influence. She is also HR Zones leadership columnist and her expert opinion has appeared in national, international and trade press.

Hearing Jesus: Daily Bible Study
A highlight from What if God is Silent? With Special Guest Addison Bevere
"Do you sometimes doubt if you're truly hearing God's voice or if it's really your own? Or have you been in a season where it feels like He's completely silent? Have you been praying for a way to learn how to hear His voice more clearly? Hey friends, I'm Rachel, host of the Hearing Jesus podcast. If you are ready to grow in your faith and to constantly step into your identity in Christ, then join me as we dig deep into God's word so you can learn to live out your faith in your everyday life. Well, hey everyone, welcome back to the Hearing Jesus podcast. I'm your host, Rachel Grohl, and today we have my friend Addison Bevere on the show. Addison, thanks for joining us today. Rachel, thanks for having me. It's good to be here. Yeah, so I invited Addison on the show today because he has a message with his new book that so clearly echoes the message that God has burned my heart with. And Addison, I thought it might be good for you just to kind of introduce yourself and maybe a little bit about this book and what led you to write this new book. Yeah, absolutely, Rachel. I love that you said that it's an echo of what God has spoken to you and what you've been walking through. For me, even the first chapter of Words with God, it's entitled The Voice, and I take the reader on a journey into the canyon, into that place where we hear echoes, that place where we wonder, are we hearing the voice of God or is that an echo of our own thoughts, echo of our own fears, our own concerns, our own desires? And I think for so many of us, that's a wrestling. And I went through a season, and I share about this in a five years of insomnia, where so much about what I knew of God, what I knew about purpose, came under attack in ways that just they'd never come under attack before. And I had reasons to question God's faithfulness, his presence, his goodness that I hadn't encountered before. It was a series of different things that happened in my life, and it led me to the end of myself and really a complete breakdown. So that's a bit of my story. I come from a great family. I have an amazing mom, amazing dad. They're both authors and speakers. And then I have a passion for prayer, and specifically a prayer that integrates our lives, a type of prayer that brings everything together so we can experience the wholeness and the peace and the promise of what it is to walk in communion and union with God. And so I've been married for 15 years, and I have four kids, ages 13, 12, 8, and 6, two boys, two girls. And I live in Nashville, Tennessee. So that's a bit about me. And I know we're going to get into the book and get into this idea of hearing God's voice. So yeah, I'll touch on more of that later. Yeah. So your kids are about the same age as some of mine, so we need extra prayer in this next week.

The Mason Minute
Space Force (MM #4616)
"Today is Veterans Day, and we honor those who served us in the U .S. Air Force, Army, Marines, Navy, National Guard, and Coast Guard. But do we actually honor those in the Space Force? I actually thought about that the other day, I was doing a project for one of my clients that involved Veterans Day, and well, I wanted to know, are there veterans of the Space Force yet? And the answer is, nobody's really saying. In theory, Space Force was created in 2019, and anybody who wants to sign up to be an officer has to commit to five years. So therefore, if they've committed to five years, that takes us to 2024, and so right now there's no way for anybody to be a veteran yet. I guess unless somebody transferred from another branch of the service, like the Air Force. You can't find this information anywhere. I don't even know if there are enlisted men and women in the Space Force. I guess Space Force isn't your typical military service. So I guess we honor those veterans of the Space Force, if they exist. By next year, it's likely a moot point, but still right now, we have to honor them, if we can. We just don't know who.

The Mason Minute
Space Force (MM #4616)
"Today is Veterans Day, and we honor those who served us in the U .S. Air Force, Army, Marines, Navy, National Guard, and Coast Guard. But do we actually honor those in the Space Force? I actually thought about that the other day, I was doing a project for one of my clients that involved Veterans Day, and well, I wanted to know, are there veterans of the Space Force yet? And the answer is, nobody's really saying. In theory, Space Force was created in 2019, and anybody who wants to sign up to be an officer has to commit to five years. So therefore, if they've committed to five years, that takes us to 2024, and so right now there's no way for anybody to be a veteran yet. I guess unless somebody transferred from another branch of the service, like the Air Force. You can't find this information anywhere. I don't even know if there are enlisted men and women in the Space Force. I guess Space Force isn't your typical military service. So I guess we honor those veterans of the Space Force, if they exist. By next year, it's likely a moot point, but still right now, we have to honor them, if we can. We just don't know who.

The Mason Minute
Space Force (MM #4616)
"Today is Veterans Day, and we honor those who served us in the U .S. Air Force, Army, Marines, Navy, National Guard, and Coast Guard. But do we actually honor those in the Space Force? I actually thought about that the other day, I was doing a project for one of my clients that involved Veterans Day, and well, I wanted to know, are there veterans of the Space Force yet? And the answer is, nobody's really saying. In theory, Space Force was created in 2019, and anybody who wants to sign up to be an officer has to commit to five years. So therefore, if they've committed to five years, that takes us to 2024, and so right now there's no way for anybody to be a veteran yet. I guess unless somebody transferred from another branch of the service, like the Air Force. You can't find this information anywhere. I don't even know if there are enlisted men and women in the Space Force. I guess Space Force isn't your typical military service. So I guess we honor those veterans of the Space Force, if they exist. By next year, it's likely a moot point, but still right now, we have to honor them, if we can. We just don't know who.

The Mason Minute
Space Force (MM #4616)
"Today is Veterans Day, and we honor those who served us in the U .S. Air Force, Army, Marines, Navy, National Guard, and Coast Guard. But do we actually honor those in the Space Force? I actually thought about that the other day, I was doing a project for one of my clients that involved Veterans Day, and well, I wanted to know, are there veterans of the Space Force yet? And the answer is, nobody's really saying. In theory, Space Force was created in 2019, and anybody who wants to sign up to be an officer has to commit to five years. So therefore, if they've committed to five years, that takes us to 2024, and so right now there's no way for anybody to be a veteran yet. I guess unless somebody transferred from another branch of the service, like the Air Force. You can't find this information anywhere. I don't even know if there are enlisted men and women in the Space Force. I guess Space Force isn't your typical military service. So I guess we honor those veterans of the Space Force, if they exist. By next year, it's likely a moot point, but still right now, we have to honor them, if we can. We just don't know who.

The Mason Minute
Space Force (MM #4616)
"Today is Veterans Day, and we honor those who served us in the U .S. Air Force, Army, Marines, Navy, National Guard, and Coast Guard. But do we actually honor those in the Space Force? I actually thought about that the other day, I was doing a project for one of my clients that involved Veterans Day, and well, I wanted to know, are there veterans of the Space Force yet? And the answer is, nobody's really saying. In theory, Space Force was created in 2019, and anybody who wants to sign up to be an officer has to commit to five years. So therefore, if they've committed to five years, that takes us to 2024, and so right now there's no way for anybody to be a veteran yet. I guess unless somebody transferred from another branch of the service, like the Air Force. You can't find this information anywhere. I don't even know if there are enlisted men and women in the Space Force. I guess Space Force isn't your typical military service. So I guess we honor those veterans of the Space Force, if they exist. By next year, it's likely a moot point, but still right now, we have to honor them, if we can. We just don't know who.

Tech Path Crypto
A highlight from Macro-Economy vs Crypto with EconomicNinja
"All right, so lots of influential factors right now in the markets today from real estate, what we're dealing with, with inflation, and also banking issues that really could affect your strategy going forward around crypto or real estate, all those kinds of things. We're going to bring in a special guest today to kind of break this down. This is going to be a good one. My name is Paul Baron. Welcome back into Tech Path. Joining me today is the Economic Ninja. If you guys don't follow him, hit him up over on YouTube as the Economic Ninja. Great to have you on the show, Ninja. Hey, Paul, thank you so much for having me on. So let's get into a couple of topics around the current state of the markets, we'll call it. Some of the things that are happening right now, obviously around jobs, we saw, of course, COBY kind of reporting on this, 150 ,000 jobs in October. This was below the expectations of 180. And it's likely that this is highly underreported in the sense of real job loss overall. When you look at some of the research and the data that you're doing, I know on your own YouTube channel, you look at the current situation with jobs as they are and where those jobs are coming from, because they're coming from places that are not necessarily even job growth areas. Do you feel like this is a major catalyst for a potential oncoming recession or do you think this is kind of a natural evolution of these down markets? Well, you've got a couple of different factors at play. One is that the government is not reporting the truth in the way that it should be reported. It actually gives out the facts and figures. But one fact and figure that they really go a little light on is the headlines come out and they say that employment's increasing, employment's great. But what's increasing is part time jobs, not full time jobs. When you see it seems to be right now about for every one full time job that's taken away, taken off the market, that's somebody that's fully employed, has hopefully some type of benefits package, has insurance, things like that. For every job that's taken away full time, we add about three to four part time jobs. And a lot of this is because of government overregulation where governments have stepped in and they tell employers, hey, if your employees are employed at a minimum 30 hours a week, that's considered full employment. So we want you to give them benefits so easily. And it makes sense. Companies go, OK, we're going to start pulling back and giving certain employees like twenty eight hours a week so that they stay right underneath that threshold. So that's one factor that's really not explained very well. Another thing is that the Federal Reserve is hell bent to raise unemployment. And this is what normally happens during a tightening cycle. The reason why the Federal Reserve has to tighten anything is because inflation got out of control. The Fed has always had an inflation mandate. Their numbers are two percent, which we all know inflation runs a lot hotter year after year, over two percent. But again, they're moving these metrics are changing the goalposts. And so now that inflation has gotten away, they need to tighten. One of the ways to tighten is to cause unemployment. Well, how does the Federal Reserve cause employment? It puts the pressure, turns the screws on to the employer in the form of less money being lent out into the market, higher interest rates, things like that. Do you feel like this is just the beginning of the iceberg in terms of jobs available, true unemployment spiking into possibly some people out there have even pushed out into what we could see? If you look back at some of the recessions in the past where we see double digit unemployment over 10 percent, do you think that is even possible with the current status here in the United States? Yeah, 100 percent, I completely believe that by the time we hit a bottom, we will be well into double digit unemployment numbers. Let's give the car industry as an example, we've seen numerous auto lenders completely pull out of the market. The latest large auto lender that pulled out of the market was Bank of Montreal. Now, if you think about it just from that aspect, that means that there are less lenders lending into the market, allowing people to be able to buy a car because most people and I'll tell you, I've got a car for sale right now around nine thousand dollars. There's not a lot of phone calls. My phone's not ringing off the hook. And the reason why is because people don't have the cash to buy it. They need to finance nine thousand dollars. And so they're having a harder time because their interest rates are so much higher. Why? Well, one of the reasons not only the Fed raising rates and the bond market going crazy, but also since there's less lenders in the market, a lot of these auto lenders have to take a certain stance on risk. And they go, hey, if we're going to loan at a certain amount of money into the market with the certain average credit user or the person that needs a loan, they have a credit score of X or they've got bills of Y. They've got to ask higher rates. So the problem is now you've got employment being affected there, too, because if there are less car loans going out, there are less auto salesman employed. There are less people working behind the desk giving those loans out. I know that might seem real small, but when you look at it from a twenty thousand foot view perspective, you start really thinking about just one little step where the Federal Reserve makes it so impossible for a bank to loan money to someone that chain effect that going down the stairs, stepping down from one job loss, two jobs lost, three job loss after a while, it starts just multiplying. So a lot of factors here that you're mentioning and you look at this because we're talking about potentially still job numbers going up, if job numbers and when I say job numbers in the sense of unemployment, if it does go up, wouldn't that kind of align with what Powell's directive is, which is job loss goes up, inflation numbers start to reduce and we see what we could see, which is maybe that target of two percent. Do you think that's achievable in, say, the next two to five years? What is your thoughts on what Chair Powell is looking at in terms of hitting that target? Yeah, so I actually believe that you're going to see a two percent inflation rate in five years, maybe six, and the reason why is because we're going to have an epic crash before then. The Federal Reserve historically does not start touching or pivoting its rates until we see about 20, 25 percent taking off the major indexes of the stock market. It takes a lot more than just a housing correction to do that. If you look back on when the Fed started to really pivot last time was 2007, which was in line with not only a housing correction, but also the stock market indexes started really trending lower. It wasn't until it hit its crescendo between September of 2008 and the spring of 2009. But you also have to remember, too, the Federal Reserve did not have its repurchase window open until January of 2009. So we'd already seen a massive haircut off of stock market indexes. We saw a massive haircut off of home valuations well before they even opened up the repurchase window. Now, what's different this time is that the repurchase window has been opened for quite some time. We have over 700 banks failing. That's from the Federal Reserve, not from me. We are seeing an epic crash in the banking sector. But tying this back into like what you were saying with the pivot and the unemployment numbers, the unemployment numbers are actually showing positive. If people don't really disseminate them, it's showing that employment strong, but it's strong in the wrong way. We're getting more part time and under employed employees and we're losing these full time jobs. As a matter of fact, we are already seeing the month of October has been impressive as far as job losses because we're seeing companies shave 10 percent of its workforce or at least are announcing that they're about to lay off 10 percent. Even Citigroup came out September and they said we're going to lay off an undisclosed amount of people and then we'll really let you know in a couple of months. And the reason why they said that they're preparing people. They don't want everyone jumping ships. They don't want everyone to know exactly what they're doing. But at the same time, they're trying to appease their shareholders because they're trying to keep their shareholders from selling their stock. And they're saying, hey, we've got a plan. Don't worry, everything's be fine. Very similar to what happened with WeWork. WeWork gave you the idea in the last couple of months. Hey, we don't see ourselves really going forward in the normal direction. We're going to have to start talking to our creditors and starting to try and renegotiate leases. And now you find them in bankruptcy. So we're in that situation where CEOs are trying their hardest to keep their shareholders calm. We saw that with Lowe's and Home Depot back in the spring where they said the consumer has changed. And they're trying to give you very interesting ways of wording or wordsmithing. Please don't panic. Don't sell our shares because we're essentially screwed right now. Some of the things I want to kind of point to, Fed has lost control, bank collapsed, commercial real estate disaster, pension fund devastation. Something is running up quickly. This is kind of the topic around what's happening overall. And then I want to play a clip from Peter Saint -Ange on what's happening in Switzerland. Let me just jump to this clip real quick and let you listen in. In an ominous sign for our coming financial crisis, Switzerland is considering locking people into failing banks using capital controls that would stop depositors from withdrawing their money. I talked about this in a previous video, so -called friction tech that would lock depositors into dying banks, forcing them to go down with the ship so no banker is left behind. The Fed has also been pushing such controls in a series of papers ever since Silicon Valley Bank went down back in March. So specifically, Switzerland's considering limiting withdrawals to 50 ,000 Swiss francs per year. Franc is about a dollar. Larger withdrawals would be subject to a three month notice period. So you'd have to wait three months. I'm going to pause it there. So it isn't, in fact, taking place in Switzerland, but they're looking at doing this. Remember, if you look at the European Union, about six months ahead of us in terms of the economic cycles and they're obviously already in a recession. If something like that, if the Fed were to come in and put those kind of controls in to kind of avert what happened at Silicon Valley. How do you think consumers would respond to that retail? I mean, because everybody is already on edge with this and now I'm going to have a limit on what I could pull out of my bank. What are your thoughts on how Americans would say, OK, we're OK with that? This has actually been happening for over a decade. We've seen times of banking crisis and I guess the ruble would be one of the most recent examples. And there was some examples in certain Slavic countries where they were told that they were only allowed to withdraw a certain amount of money per day when there's an actual banking crisis. And it's happening in America right now in cryptocurrency. If you have a Coinbase account, you know if you deposit some money, wire it that day, it shows in your account. You could buy Bitcoin with it all day long, but you can't withdraw that Bitcoin for 72 hours. It's because they are insolvent. That's a derivative. And most people don't understand how that works. And so these are great signs when you see countries start to say, hey, we're looking at doing this or you look at what's just going on with Bank of America and some other key banks just a few days ago where they had a quote unquote glitch. And I'm going to tell you, this is sort of the conspiracy theory side. I don't believe that these are glitches that just accidentally happened. There are some that happen, but it's also a test to see how depositors react. And that test was a few days ago. Your deposits were coming into your bank, but it might take a day or two or maybe three for you to be able to access that money because there was a glitch. And really what that is, is the ability for bankers to be able to see how the public reacts to such an event. And those are things that I'm reporting on all the time. I'm sure you are. And I think people need to take heed. So what can you do? First thing is separate your risk. And that is big multinational banks, local regional banks and credit unions. But then also, you don't have to have all of your finances in paper as well. You could actually get alternative assets.

Markets Daily Crypto Roundup
"five years" Discussed on Markets Daily Crypto Roundup
"Meet the all-new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned, modular trading interface. So head to pro.kraken.com and trade like a pro. Not investment advice? Some crypto products and markets are unregulated. The unpredictable nature of the crypto assets market can lead to loss of funds and profits, maybe subject to capital gains tax. Everyone should wear multiple hats. This is a very hands-on business, where research analysts have to test functionality of applications, challenge status quo, financial modeling, and network live with other industry veterans at conferences. Traders have to navigate back and forth from U.S. macro to Asian currency markets to crypto-specific on-chain wallet movements, depending on the current correlation du jour. Back office employees have to test new service providers every three weeks to keep up with changing regulation, best practices, and LP demands while navigating constant bankruptcies, closures, and hack attempts. The common denominator seems to be a real willingness to test new theses. If you give 10 equity analysts the same inputs, they will give you largely the same answer and will present the same homogenous modeling techniques to arrive at this answer. If you give 10 crypto analysts and traders the same inputs, they will most likely give you 10 different answers using entirely different analyses. That's refreshing and often leads to outsized alpha, but also creates challenges when it comes to creating a repeatable formula for success. I think TradeOps is the most important department. When I worked at credit and equity funds, the back office was overlooked. They were usually young kids, eager to move into a real trading role as soon as they could. The job was basic blocking and tackling, make sure trades settled, make sure your brokerage statement was accurate, and make sure the fund admins did their job. Compliance teams were there simply because they had to be. We all knew the rules, we obeyed them, and if there was any doubt, we checked with compliance but knew the answer would be, don't do it. I believe we should be so lucky in crypto. Trade operations is the single most important job in crypto. You have to touch the assets every single day, and a single mistake could cost the firm millions of dollars. As a result, not only do these need to be the most trustworthy people in the firm, but they need to build redundancies that can still operate even if they themselves vanish. Getting into a TradeOps role is more glamorous than getting out of TradeOps, and those who build their careers in this subset of the fund business end up learning the most about blockchain. Similarly, compliance is not an afterthought in crypto. Unlike in TradFi, it cannot be assumed that your employees know the rules, as most come from completely different backgrounds than Wall Street. Constant education and monitoring is a must. Further, a compliance officer can't just read the rules and assume compliance, since there are few clear rules to follow, despite Gary Gensler telling us otherwise. To do your best as both a fiduciary and a law-abiding company is a Herculean effort. I see the sell-side as getting better. In traditional finance, the sell-side offers a pretty valuable role. They underwrite new transactions, create novel financing ideas, advise companies on how best to participate in the capital markets, facilitate trading and existing securities, write research on new and existing securities, and pass along market color between participants. Both full-service investment banks and niche broker-dealers exist. But regardless of whether you use a one-stop shop or piecemeal the services with multiple firms, the services themselves are all covered. While the sell-side is getting better in crypto, it is still incredibly fragmented, and many of these services still do not exist. As a result, fund managers are often on an island, forced to manufacture its own deals, structure its own financings, and do its own research from scratch. Written research from OTC trading shops has greatly increased in volume and improved in quality, providing a necessary channel check on the state of the markets. But the trading itself continues to be very exchange-based, black box, and therefore lacks natural axes between investors. Trading color about flows and activity has improved, but there are fewer market participants to glean information from. There is still no full-service investment bank, and in fact true investment banking services for underwriting and advisory of token launches is probably the biggest white space going forward. I'm constantly shocked at how few well-known Wall Street capital markets tools are utilized within crypto. Most token launches are doomed from the start, from low-float, high fully-diluted valuation, FDV token launches, to direct listings at insane prices, to poorly written tokenomics. Token issuers, who are often developers and lack financial knowledge, continue to have to come to market without the assistance of those who know how to do this best, which subsequently leads to worse investment opportunities for asset managers. Some service providers are getting a lot better, like Custody Solutions, OTC Trading, and Options Liquidity. Still, others are getting worse, like fund admins and auditors, who, in the wake of FTX, are pulling back from these offerings. On the tech and research side, it's amazing that Bloomberg's crypto services continue to be irrelevant. The coverage list, their index, and all functionality is still from 2017, and does not take into account how much this industry has grown and evolved. Fortunately, newcomers like Nonsen, Massari, Glassnode, Dune Analytics, Telegram, and others have innovated fast enough to take this corner, and we are grateful for these companies. It is entirely possible to run a crypto fund in 2023 without ever logging into a Bloomberg terminal. Overall, fund management is still challenged by the lack of sell-side tools. As the sell-side improves, so will the number and breadth of funds. I see the investor base as getting smarter. When we began our fund five years ago, we knew the educational journey for prospective LPs would be slow. We were learning constantly as we invested, and doing our best to educate interested investors in real time. But it was not practical to expect anyone who wasn't focused full-time on this industry to keep pace. Questions from prospective LPs tended to focus more on how we invest versus what we invest in, and there was definitely a bit of a leap of faith by investors. Fast forward to today and the script has completely flipped. LPs are getting much smarter about the asset class and the investment universe, thereby asking better questions. In some cases, the LPs now know more than we do as they are exposed to different areas of the industry that may not be in our everyday focus. That said, the amount of bad information that continues to flow effortlessly through the media and influencer accounts continues to reach LPs as well, often surprising us in regard to certain topics of interest that we deem irrelevant, but our investors believe are topical. As investors start to become more digital assets savvy, they want far more control over investments, and specificity has increased. Asset managers in this space have launched highly specialized funds based on investor demand, including DeFi-focused funds, NFT funds, etc. Many asset managers, including ARCA, have started creating funds of one inch that allow for more specificity, but provide the professional team to manage the investments. In 2018, if you asked us, we would recommend going with a professional investor, but as information is more readily available and UI-UX of projects get better, we encourage retail investors to research and invest. However, to generate alpha where information asymmetry exists, it's still valuable to have professional fund managers who can take advantage of the 24-7th news cycle, market volatility, and a murky regulatory environment. Overall, running a fund in this new and innovative space has been incredibly rewarding, and we look forward to the next five years. Fund managers will continue to straddle the line between becoming more trad-fi-like and adopting best practices of Wall Street versus finding ways to take advantage of crypto-only opportunities, yield farming, airdrops, testing new applications. The most important factor for success in the digital assets space is faith in the future. We have to believe we are at the frontier of building a new financial system that has the capacity to transform society. While we fully expect bumps in the road and pushback from incumbents benefiting from the status quo, we know that as long as we continue to move forward, fight for the necessary changes, and adapt as needed, this industry will succeed. I'm Noelle Atchison for Coindesk. We're back tomorrow with more market news and insights.

CoinDesk Podcast Network
"five years" Discussed on CoinDesk Podcast Network
"Meet the all-new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned, modular trading interface. So head to pro.kraken.com and trade like a pro. Not investment advice? Some crypto products and markets are unregulated. The unpredictable nature of the crypto assets market can lead to loss of funds and profits, maybe subject to capital gains tax. Everyone should wear multiple hats. This is a very hands-on business, where research analysts have to test functionality of applications, challenge status quo, financial modeling, and network live with other industry veterans at conferences. Traders have to navigate back and forth from U.S. macro to Asian currency markets to crypto-specific on-chain wallet movements, depending on the current correlation du jour. Back office employees have to test new service providers every three weeks to keep up with changing regulation, best practices, and LP demands while navigating constant bankruptcies, closures, and hack attempts. The common denominator seems to be a real willingness to test new theses. If you give 10 equity analysts the same inputs, they will give you largely the same answer and will present the same homogenous modeling techniques to arrive at this answer. If you give 10 crypto analysts and traders the same inputs, they will most likely give you 10 different answers using entirely different analyses. That's refreshing and often leads to outsized alpha, but also creates challenges when it comes to creating a repeatable formula for success. I think TradeOps is the most important department. When I worked at credit and equity funds, the back office was overlooked. They were usually young kids, eager to move into a real trading role as soon as they could. The job was basic blocking and tackling, make sure trades settled, make sure your brokerage statement was accurate, and make sure the fund admins did their job. Compliance teams were there simply because they had to be. We all knew the rules, we obeyed them, and if there was any doubt, we checked with compliance but knew the answer would be, don't do it. I believe we should be so lucky in crypto. Trade operations is the single most important job in crypto. You have to touch the assets every single day, and a single mistake could cost the firm millions of dollars. As a result, not only do these need to be the most trustworthy people in the firm, but they need to build redundancies that can still operate even if they themselves vanish. Getting into a TradeOps role is more glamorous than getting out of TradeOps, and those who build their careers in this subset of the fund business end up learning the most about blockchain. Similarly, compliance is not an afterthought in crypto. Unlike in TradFi, it cannot be assumed that your employees know the rules, as most come from completely different backgrounds than Wall Street. Constant education and monitoring is a must. Further, a compliance officer can't just read the rules and assume compliance, since there are few clear rules to follow, despite Gary Gensler telling us otherwise. To do your best as both a fiduciary and a law-abiding company is a Herculean effort. I see the sell-side as getting better. In traditional finance, the sell-side offers a pretty valuable role. They underwrite new transactions, create novel financing ideas, advise companies on how best to participate in the capital markets, facilitate trading and existing securities, write research on new and existing securities, and pass along market color between participants. Both full-service investment banks and niche broker-dealers exist. But regardless of whether you use a one-stop shop or piecemeal the services with multiple firms, the services themselves are all covered. While the sell-side is getting better in crypto, it is still incredibly fragmented, and many of these services still do not exist. As a result, fund managers are often on an island, forced to manufacture its own deals, structure its own financings, and do its own research from scratch. Written research from OTC trading shops has greatly increased in volume and improved in quality, providing a necessary channel check on the state of the markets. But the trading itself continues to be very exchange-based, black box, and therefore lacks natural axes between investors. Trading color about flows and activity has improved, but there are fewer market participants to glean information from. There is still no full-service investment bank, and in fact true investment banking services for underwriting and advisory of token launches is probably the biggest white space going forward. I'm constantly shocked at how few well-known Wall Street capital markets tools are utilized within crypto. Most token launches are doomed from the start, from low-float, high fully-diluted valuation, FDV token launches, to direct listings at insane prices, to poorly written tokenomics. Token issuers, who are often developers and lack financial knowledge, continue to have to come to market without the assistance of those who know how to do this best, which subsequently leads to worse investment opportunities for asset managers. Some service providers are getting a lot better, like Custody Solutions, OTC Trading, and Options Liquidity. Still, others are getting worse, like fund admins and auditors, who, in the wake of FTX, are pulling back from these offerings. On the tech and research side, it's amazing that Bloomberg's crypto services continue to be irrelevant. The coverage list, their index, and all functionality is still from 2017, and does not take into account how much this industry has grown and evolved. Fortunately, newcomers like Nonsen, Massari, Glassnode, Dune Analytics, Telegram, and others have innovated fast enough to take this corner, and we are grateful for these companies. It is entirely possible to run a crypto fund in 2023 without ever logging into a Bloomberg terminal. Overall, fund management is still challenged by the lack of sell-side tools. As the sell-side improves, so will the number and breadth of funds. I see the investor base as getting smarter. When we began our fund five years ago, we knew the educational journey for prospective LPs would be slow. We were learning constantly as we invested, and doing our best to educate interested investors in real time. But it was not practical to expect anyone who wasn't focused full-time on this industry to keep pace. Questions from prospective LPs tended to focus more on how we invest versus what we invest in, and there was definitely a bit of a leap of faith by investors. Fast forward to today and the script has completely flipped. LPs are getting much smarter about the asset class and the investment universe, thereby asking better questions. In some cases, the LPs now know more than we do as they are exposed to different areas of the industry that may not be in our everyday focus. That said, the amount of bad information that continues to flow effortlessly through the media and influencer accounts continues to reach LPs as well, often surprising us in regard to certain topics of interest that we deem irrelevant, but our investors believe are topical. As investors start to become more digital assets savvy, they want far more control over investments, and specificity has increased. Asset managers in this space have launched highly specialized funds based on investor demand, including DeFi-focused funds, NFT funds, etc. Many asset managers, including ARCA, have started creating funds of one inch that allow for more specificity, but provide the professional team to manage the investments. In 2018, if you asked us, we would recommend going with a professional investor, but as information is more readily available and UI-UX of projects get better, we encourage retail investors to research and invest. However, to generate alpha where information asymmetry exists, it's still valuable to have professional fund managers who can take advantage of the 24-7th news cycle, market volatility, and a murky regulatory environment. Overall, running a fund in this new and innovative space has been incredibly rewarding, and we look forward to the next five years. Fund managers will continue to straddle the line between becoming more trad-fi-like and adopting best practices of Wall Street versus finding ways to take advantage of crypto-only opportunities, yield farming, airdrops, testing new applications. The most important factor for success in the digital assets space is faith in the future. We have to believe we are at the frontier of building a new financial system that has the capacity to transform society. While we fully expect bumps in the road and pushback from incumbents benefiting from the status quo, we know that as long as we continue to move forward, fight for the necessary changes, and adapt as needed, this industry will succeed. I'm Noelle Atchison for Coindesk. We're back tomorrow with more market news and insights.

Markets Daily Crypto Roundup
"five years" Discussed on Markets Daily Crypto Roundup
"4. Balance between short and long. In debt and equity markets, quiet periods of time, summer, holidays, often lead to slow grinds higher in price. It is expensive to stay short, and dividends and coupons continue to accumulate, adding more buy interest to the market. The opposite is true in digital assets. Since the majority of crypto projects accrue value through network activity, slower periods of time tend to slow momentum of an asset. And since most assets have no distribution of cash flows, the cost to short is minimal. As such, negative price action tends to be more prevalent when markets are slow, leading to difficult decisions with regard to hedging and long exposure. As a result, active management continues to trump passive indexes. Rules-based passive index strategies simply cannot keep pace with the innovation and changes to these markets. Similarly, these indexes can't take advantage of the volatility, which creates quite a bit of alpha. Over time, this will likely change as the market matures. But we're not there yet. Building a good team is fundamental for success, and incredibly challenging. I've worked for seven different financial firms over the past 25 years. I've seen thousands of resumes and have interviewed hundreds of people. I've worked personally in just about every financial department. Banking, trading, research, sales, business development. If a TradFi Wall Street firm asked me for a candidate, I could find them one pretty easily that best fits their needs. 5. Hire people passionate about the industry. But what are the best attributes and qualifications for a research analyst in crypto? What makes the best trade ops person? Who is best suited to handle investor relations? These are still not easy questions to answer in crypto. During the first few years of our fund, we took what we could get, which is to say, whoever wanted a job. The pay sucked, the hours were long, and the future was very uncertain. Anyone who wanted a job in this industry in 2018 shared a true passion for blockchain success, and was willing to learn any part of the job necessary to succeed. Most people who joined this industry pre-2020 are still working in this industry, and their job responsibilities evolve in real time. But in 2021, I could have handpicked any person I wanted from every major bank, brokerage, and hedge fund who all had zero crypto experience but saw big money ahead. The resumes were pouring in. Many of these employees didn't work out. In 2023, we're back to the passionate souls who will do anything to work in this industry.

CoinDesk Podcast Network
"five years" Discussed on CoinDesk Podcast Network
"4. Balance between short and long. In debt and equity markets, quiet periods of time, summer, holidays, often lead to slow grinds higher in price. It is expensive to stay short, and dividends and coupons continue to accumulate, adding more buy interest to the market. The opposite is true in digital assets. Since the majority of crypto projects accrue value through network activity, slower periods of time tend to slow momentum of an asset. And since most assets have no distribution of cash flows, the cost to short is minimal. As such, negative price action tends to be more prevalent when markets are slow, leading to difficult decisions with regard to hedging and long exposure. As a result, active management continues to trump passive indexes. Rules-based passive index strategies simply cannot keep pace with the innovation and changes to these markets. Similarly, these indexes can't take advantage of the volatility, which creates quite a bit of alpha. Over time, this will likely change as the market matures. But we're not there yet. Building a good team is fundamental for success, and incredibly challenging. I've worked for seven different financial firms over the past 25 years. I've seen thousands of resumes and have interviewed hundreds of people. I've worked personally in just about every financial department. Banking, trading, research, sales, business development. If a TradFi Wall Street firm asked me for a candidate, I could find them one pretty easily that best fits their needs. 5. Hire people passionate about the industry. But what are the best attributes and qualifications for a research analyst in crypto? What makes the best trade ops person? Who is best suited to handle investor relations? These are still not easy questions to answer in crypto. During the first few years of our fund, we took what we could get, which is to say, whoever wanted a job. The pay sucked, the hours were long, and the future was very uncertain. Anyone who wanted a job in this industry in 2018 shared a true passion for blockchain success, and was willing to learn any part of the job necessary to succeed. Most people who joined this industry pre-2020 are still working in this industry, and their job responsibilities evolve in real time. But in 2021, I could have handpicked any person I wanted from every major bank, brokerage, and hedge fund who all had zero crypto experience but saw big money ahead. The resumes were pouring in. Many of these employees didn't work out. In 2023, we're back to the passionate souls who will do anything to work in this industry.

Markets Daily Crypto Roundup
"five years" Discussed on Markets Daily Crypto Roundup
"This episode of Markets Daily is sponsored by Kraken. Hello, this is Markets Daily from Coindesk. I'm Noa Latcheson here with your weekend story. On today's show, we're taking a look at how crypto fund management has changed over the past few years and how it is different from traditional fund management. Just a reminder, Coindesk is a news source and does not provide investment advice. Today's featured story is by Jeff Dorman, Chief Investment Officer at ARCA, titled What I Learned Managing a Crypto Fund for Five Years. Jeff Dorman, Chief Investment Officer at ARCA, says crypto funds still need to find a balance between adopting professional Wall Street practices and taking advantage of crypto's unique opportunities. I've been running a crypto fund for 1,825 days. ARCA just achieved a major milestone, reaching a five-year track record of managing outside capital in our liquid hedge fund. Five years in any other industry may not seem like a long time frame, but in crypto we often joke that one crypto year is equivalent to five normal years, and with 24-sevenths trading hours, it's not untrue. During these past five years, I have seen many of our peers come and go, leaving a bit of survivorship bias as it pertains to crypto asset management. As Chief Investment Officer overseeing this fund, as well as three others under the ARCA umbrellas, I experienced firsthand the evolution of this industry through good times, bad times, and constant innovation. The five-year anniversary provided a natural timestamp to reflect upon what I learned about managing money and about the industry. Here are five of the most important takeaways from managing a crypto portfolio for the last five years. In short, investing in these markets is very challenging. 1. Tweak assumptions and risk models. This perhaps goes without saying to any person who has invested in this market, but this is not an easy asset class to invest in. For starters, the frequent booms and busts creates a false sense of liquidity and an oft-inaccurate depiction of expected beta and returns. All risk models, expected loss provisions, and sizing parameters are based on historical data and correlations, which change incredibly quickly. There is a reason why most funds in this space are early-stage venture funds, where many of these real-time market-related issues are not relevant. For those like ourselves who manage liquid funds, it is a constant game of tweaking assumptions and risk models. 2. Interpretation over speed. Contrary to popular belief, just because crypto markets trade 24-sevenths globally does not necessitate 24-sevenths trading coverage. Overtrading every tick is costly in any asset class, and the additional hours of crypto trading often try to lure you into more activity. But the reality is that the fragmented, global investing landscape actually gives you more time to react to news and information. While there will always be bots and algorithms that react immediately to news, much like after-hours equities trading post-earnings, these initial knee-jerk reactions are often wrong. And since one-third of the world is sleeping at any given time, it often takes days for the true market reaction to play out. A correct interpretation of information is much more important than the speed with which you react. 3. Careful documentation is crucial. On the flip side, the 24-7 workday does lead to difficulties not seen in traditional markets. In TradFi, even your worst day week eventually comes to an end, giving you ample time to reset and think through decisions, while markets are closed without price gyrations clouding or influencing your thought process. In crypto, these natural resets often don't exist. Take the events of Terra Luna, for example. The entire unwind of a $30 billion ecosystem happened within three days, with continuous trading and new information flow over this 72-hour period. We made decisions during this stretch that in retrospect would not have been made with more of a grace period, and we have since learned how to better implement risk management during a future period like this. In hospitals, mistakes don't often occur because doctors are overworked or tired, but rather because of improper handoffs to the next doctor, who lacks that full set of information, because the previous doctor failed to document fully. Crypto asset management requires similar knowledge handoffs and documentation.

CoinDesk Podcast Network
"five years" Discussed on CoinDesk Podcast Network
"This episode of Markets Daily is sponsored by Kraken. Hello, this is Markets Daily from Coindesk. I'm Noa Latcheson here with your weekend story. On today's show, we're taking a look at how crypto fund management has changed over the past few years and how it is different from traditional fund management. Just a reminder, Coindesk is a news source and does not provide investment advice. Today's featured story is by Jeff Dorman, Chief Investment Officer at ARCA, titled What I Learned Managing a Crypto Fund for Five Years. Jeff Dorman, Chief Investment Officer at ARCA, says crypto funds still need to find a balance between adopting professional Wall Street practices and taking advantage of crypto's unique opportunities. I've been running a crypto fund for 1,825 days. ARCA just achieved a major milestone, reaching a five-year track record of managing outside capital in our liquid hedge fund. Five years in any other industry may not seem like a long time frame, but in crypto we often joke that one crypto year is equivalent to five normal years, and with 24-sevenths trading hours, it's not untrue. During these past five years, I have seen many of our peers come and go, leaving a bit of survivorship bias as it pertains to crypto asset management. As Chief Investment Officer overseeing this fund, as well as three others under the ARCA umbrellas, I experienced firsthand the evolution of this industry through good times, bad times, and constant innovation. The five-year anniversary provided a natural timestamp to reflect upon what I learned about managing money and about the industry. Here are five of the most important takeaways from managing a crypto portfolio for the last five years. In short, investing in these markets is very challenging. 1. Tweak assumptions and risk models. This perhaps goes without saying to any person who has invested in this market, but this is not an easy asset class to invest in. For starters, the frequent booms and busts creates a false sense of liquidity and an oft-inaccurate depiction of expected beta and returns. All risk models, expected loss provisions, and sizing parameters are based on historical data and correlations, which change incredibly quickly. There is a reason why most funds in this space are early-stage venture funds, where many of these real-time market-related issues are not relevant. For those like ourselves who manage liquid funds, it is a constant game of tweaking assumptions and risk models. 2. Interpretation over speed. Contrary to popular belief, just because crypto markets trade 24-sevenths globally does not necessitate 24-sevenths trading coverage. Overtrading every tick is costly in any asset class, and the additional hours of crypto trading often try to lure you into more activity. But the reality is that the fragmented, global investing landscape actually gives you more time to react to news and information. While there will always be bots and algorithms that react immediately to news, much like after-hours equities trading post-earnings, these initial knee-jerk reactions are often wrong. And since one-third of the world is sleeping at any given time, it often takes days for the true market reaction to play out. A correct interpretation of information is much more important than the speed with which you react. 3. Careful documentation is crucial. On the flip side, the 24-7 workday does lead to difficulties not seen in traditional markets. In TradFi, even your worst day week eventually comes to an end, giving you ample time to reset and think through decisions, while markets are closed without price gyrations clouding or influencing your thought process. In crypto, these natural resets often don't exist. Take the events of Terra Luna, for example. The entire unwind of a $30 billion ecosystem happened within three days, with continuous trading and new information flow over this 72-hour period. We made decisions during this stretch that in retrospect would not have been made with more of a grace period, and we have since learned how to better implement risk management during a future period like this. In hospitals, mistakes don't often occur because doctors are overworked or tired, but rather because of improper handoffs to the next doctor, who lacks that full set of information, because the previous doctor failed to document fully. Crypto asset management requires similar knowledge handoffs and documentation.

What's Good Games
"five years" Discussed on What's Good Games
"Some people are here for it, some are not, but as a Resident Evil fan, I'm sure you can relate that franchise has gone places, gameplay wise. And narratively, it's gone places. And sometimes the team that makes the thing you love makes a cool decision and sometimes you're like, I don't know how I feel about this decision, but what I really loved about what these assets create did is they made a game called Assassin's Creed Odyssey and they really set the groundwork for Assassin's Creed Odyssey with Assassin's Creed origins, which was the first kind of foray into a more open world RPG versus a more linear type of storytelling and action adventure. Stealth action that they were doing previously. And I don't think people were ready for just how massive of a change Odyssey was from not only the original Assassin's Creed formula, but also from what they really kind of started with origin. And I just fell head over heels in love with Assassin's Creed Odyssey because Kasey and drug this is the first time that you got to choose the gender to pick a man or woman for your assassin, which is something we hadn't gotten before. In Assassin's Creed Odyssey and I love that they did that and I love that the two characters actually felt different. I mean, I didn't really spend that much time with alexios or whatever. He's fine. He got all the marketing like whatever Cassandra bay, okay? She was so good. I want her to pop my head with her thighs. Man, and they had like cool romance options in the game, which assassins created never done before, which was really incredible. Here, let me pull up a launch trailer. This was also a game that I spent a substantial amount of time streaming. And I didn't typically like to stream single player games because anyone who watched me stream knows I get real bad gamer face. It's kind of like zone out, really focused on what I'm doing. And I just love all of the options of this game. Clearly set in this fantastic time period of ancient Sparta and the armor sets that you could get were really cool and fantastical, the mounts that you could get the cosmetic. I feel like Assassin's Creed Odyssey was the reason we added like a best horsey category to the what's good Game Awards. Yeah. Actually, yeah, I think you might be right. So many good horses and screen. I just had so much fun exploring all the different islands and sailing around on my ship and going around and going on these various missions. And the story of this game just did not end. It's like three separate major plot points that all come together at the very end. I even know that there's a lot of people who probably never saw the final end of this game because it took like a 150 hours to get there, which is bonkers. But there was just so much to do and it felt like I was never going to clear all the fog of war on the map. You know how you get a map and you're like, I must go to every single tower and clear it out. I must see it all. It just took so long because this world was so big. But it all really just felt alive and it felt so much fun to explore all the different locations and I just love the direction that they went and I was all for it. Yes, were there some sacrifices along the way where some of the stealthy elements of the game kind of sanitized sure, but man, I got to jump off of stuff with no fall damage for once. It was something I could expect in the skill tree. And that was really cool. It's the little things, man. It made me feel like a superhero in an Assassin's Creed game, which we hadn't really got before. And I know that people are listening to me like, yeah, because you're supposed to be an assassin. Not like someone who goes in and just kills everybody, but I was always more of a sword's blazing kind of a girl and Assassin's Creed anyway. And I just love, love, loved this game. And I was looking at all of the different assassins creed releases over the last 5 years, and I was like, how which one would I pick? And without a doubt, Odyssey, Odyssey was the one for me. I spent a ton of time in this game. I played maybe for like 28 hours and then I burned out like every other AC game. But I remember, that was, I feel like the last time that this series got so much fanfare where everyone was just so genuinely hyped because again, what do you mean I can play as a woman? What do you mean there's this new open world like idea about Assassin's Creed. And that was a really exciting time. And ever since then, I just feel like maybe we're all kind of burned out now, but at the time, it was fresh new and exciting and in the hype levels were just universal. Yeah, I definitely think that we don't need to dissect all the things that they could do differently with the game. I think the whole idea of open world games has absolutely been done by everybody now. Everyone's like, everyone wants to have open world. Let's make all these experiences. 200 hours. And everyone's like, actually, no bro, I got other stuff I gotta do, like play Fortnite. So I think that there are hopefully going to pull back, but what a value though, gamers that don't have money to buy something every single month. The idea that you could spend between 60 and $90, depending on which version of the game you got on a single video game and get hundreds and hundreds of hours of single player gameplay where you're not playing the same multiplayer maps over again where you're not running the same strikes over and over again. You're not doing really repetitive content. I mean, sure, I guess you could say go in and collecting these different items can feel a little bit repetitive, but the art in these games are just so magnificent and the attention to detail and historical accuracy and the fact that they all just feel alive when you walk into them, the cities are so dense as well. I love the Assassin's Creed franchise and I love what ubisoft has done with it and I'm very, very excited for mirage, which is coming supposedly later this year, but we really haven't seen much of it. I just want to play more. I want to live in these worlds. I love, love, love, Assassin's Creed. Rihanna, that brings us to you, the final pick. The final one. So again, this is not in any particular order in my list and oh no, my mind's not in a particular order either, right? But a game that I never would have begged for one of my favorites because you dial on and you don't even really get to see the faces of all the hot people and most of the dialog, you have to read a bunch of texts, like totally not my vibe. I don't like these games, but I absolutely fell in love with Hades. I can not describe how much I love this game. I would say it's top 5 of all time at this point. Hades is incredible. So what I like about Hades is that yes, it is a roguelike game. Yes, you die a lot. A lot of times it's bullshit and you're like, what the fuck just happened? And you get a bad draw or a bad luck of the draw rather on the different powers that you're able to acquire throughout a particular run.

What's Good Games
"five years" Discussed on What's Good Games
"The gear that you get and the level design, just so much of the game was just so, so, so good that I just keep thinking about it going, gosh. If I could go back and play that game for the first time again, that would be a really amazing experience. And I always tell people who own a PlayStation. I was like, whether you own a PlayStation 4 or whether you own a PlayStation 5, if you have not played, God of War, the original, it's like a must play, because especially because it showcases what the hardware can do, so spectacularly. And it just looked so beautiful for the time and the generation that it came out. So good. And the sense of scale in that game. Oh my God. Everything's so big. You feel so small. It's about the fact that you're a God. Anyway, yeah. Yes. So God of War ragnarok, a firm spot on our list and very excited about it. Rihanna, yes. What is a game from your list that you would like to give a shout out to? So no particular order for the first game I will be talking about. I'm going to take a little bit of a different direction. This is squarely in the multiplayer category. There are maybe gods every once in a while depends on what licensing deals are currently active. But it's going to be Fortnite and specifically chapter three where we were introduced to zero build mode and I was finally able to actually compete in the game. For those who aren't aware, Fortnite is a game that actually started with great popularity in early access and they had a sort of tower defense survival mode, which originally was the game. They had a stroke of brilliance and creating this sort of battle Royale offshoot mode that obviously has now become the de facto battery all game for lots of people. And what I really, really love about Fortnite is how new it feels every time I play it, even though it's the exact same game. And I never expected to be a fortnight stand, but I am in proud of it and what's really cool is that especially from chapter two actually onward, chapter two being when they completely nuked the entire map, it became a single negative zone point in space for I think it was a couple of days straight. There were several accounts that were watching it consistently waiting for the whole world to reboot. It comes back and gives us this new remixed map. And now every chapter every season, there are different changes to the types of abilities you have in the game. The way health mechanics work in the game, the map itself, what the different theme is. So if you had recent themes like vibin, where everything's about being at a super vibey concert in the middle of the summer, we have seasons that are all about gravity and zombies and reality warping and shifting and now right now we have the season about the cyberpunk aesthetic and it's just always so inventive and creative and I don't know how they get the licensing deals that they get for this game because oh you know. I mean shit. Epic has go fuck yourself money. They do. They but also they have one of the largest active player bases in video games. And so when you have hundreds of millions of players every month that are coming to play your game, turns out brands are like, um, feels like we should put our brand in there and make some dollars off of that. It's like, where else are you going to see Thanos doing Megan Thee Stallion's dance? Fighting Goku. And now they have Aaron from a tackle and Titans in the game. There is no limit to what you could potentially see in Fortnite. And I find that so exciting and so fun. It's like ready player one realize, but at the same time, it's a very competent shooter. And what I really, really love about it is that I can go in and play by myself and actually place. I can go in with the team and go in with two people. I can go into three. And it gives you so many options. You can even do a mega mode where you have like sixers or ten people on your team. And there's always something for you to do. There are other games on our lists that are a little bit more limiting in the number of people who can enjoy it together. And one of my favorite things about video games is connecting with people. So Fortnite is definitely a must mention on my list. I don't think it's necessarily number one, but it may be my most played from the last 5 years. I'm glad you gave it a shout out. I don't follow the Fortnite, except for when you sharpen me in the Fortnite. But you did great. That one time. Thank you. It's all Vegeta. There's no denying the cultural impact that this game, this IP has had on society in a way I don't think we've seen in a very, very long time. And it's always fun to kind of get the updates from you. The other day, Jason was playing it in geralt. I was like, I forgot geralt is in this game. What does geralt do in running around dancing? I don't know, but there he is. Yeah. It's weird. And sometimes it does feel like it shouldn't make sense, but it's so irreverent that it does make sense. And they don't take themselves seriously and like you, Rihanna. I really didn't play a lot of Fortnite in the traditional battle Royale sense. As I talked about on the show way back when I was a big fan of the save the world mode, but I also fell off of that a long time ago, but when no build happened, you and the crew were like, hey, you should come check it out, and I was like, well, I know a lot of people that work on Fortnite. So why not? And it was so much fun to play and I love being able to jump in and even though I continue to spend V bucks on season passes that I never fill out. I never even get halfway through. The fun times had in the game are so great and the cosmetics just really make that experience sing. It's gorgeous. It is. Turns out when you make arguably the best engine in video games. And you make a game built on that engine. Your game is going to look good. I think we need to build an engine. I think it's super easy, right? Yeah. What's good? Oh, let's do it. I think it sounds like a great next project for you, Britney. Oh, okay. That's a good turn. I didn't like, so it never made. It's too smart for me, Brittany. I can't do it. I can't do it. Awesome. Well, let's keep trucking right along Brittany, you're up next. Resident Evil two remake. This came we all knew this was coming.

Life.Church with Craig Groeschel
"five years" Discussed on Life.Church with Craig Groeschel
"So God, we pray. That no matter what types of seeds we present in the past, you would give us the wisdom, the courage, the faithfulness to plant godly seeds today. As you're praying today at all of our churches, those of you who would say, I want to harvest of righteousness. I want to harvest a rice, and help me to plant the right seeds, help me to have the right habits today. If you want to pray that it's more important if you want to live that, would you lift up your hands right now just lift up your hands online just type it in the chat, God help me to plant the right seeds, got help me to plant the right seeds, father we just ask that in your presence, we thank you for your grace. We thank you for your forgiveness. God show us any area of our lives. Where our habits are taking us away from you. Give us the wisdom, God give us the give us the courage to admit it. To confess it. And to plant siege of righteousness, God based on who you want us to become, show us what one habit. You want us to start. What one habit you want us to stop, God help us to train to become who you want us to be. And God, we thank you for your laws of faithfulness that we know. We will reap what we saw. We want to sow righteously. More than we say, we want more righteousness. And we'll reap after we sell God, we know that we'll reap a harvest of righteousness when we don't give up. Gotta give us patience, give us endurance, give us courage. To do the right things, even when nobody's looking, maybe, especially when nobody's looking. That help us to plant seeds of righteousness for a life that would honor you. As you keep praying today, the greatest seed ever planted, the greatest gift was when God so loved the world. That he gave his one and only son, Jesus, who is Jesus. The perfect sinless son of God. Who became the innocent sacrifice for the forgiveness of our sins. When you look at your life, when you take an objective kind of honest look, you have to admit, you've done some things you're ashamed of embarrassed by, you feel guilty for scripture calls, those things sin, we're missing the mark of holiness, and all of us, every single one of us, we've all fallen short of God's standard, we've all send. Jesus, the only one who is without sin, the hide in our place. He was buried in God raised him from the dead, we could say that the seed was planted and now could create a harvest of righteous is because of his one life given your life could be changed forever wherever you're watching from no matter what you've done, no matter how bad your life has been when you call on his name. He forgives your sins. And he makes you brand new. And you trust him with your life and he will fill you with the power of his Holy Spirit and you become completely new wherever you are. Those of you who say, I need his grace. I need his forgiveness to dash step away from my old life. And by faith, I give my life to him. Today I trust him I surrender. Jesus, I give you my life when you do. He hears your prayers. He forgives your sins. He makes you brand new wherever you are. Those who say, yesterday, I call on him. I surrender my life. Jesus, I give you my life. It's your prayer lift your hands high right now. Although the place lift them up and say yes, praise God for you guys. Both of you there, oh my gosh, come on, somebody. Let's work with God. Others didn't do today. He said yes, most of you right here praised God for you saying yes, Jesus. Oh come on, we worship you God online. You can just type in the comment section. I'm surrendering my life to Jesus and surrender just typed out of the comment section. We're all going to plant a seed of faith today in this prayer pray heavenly father. Forgive all of my sins. Jesus saved me. Make me brand new. Fill me with your spirit. So I can know you. And serve you. With all of my life, help me to plant seeds of righteousness. To have a harvest that honors you. A life that brings you glory, my life is not my own. I give it all to you. Thank you for new life. You have all of mine in Jesus name I pray. Somebody worship God, somebody thank you for his race for his goodness for sound based for life in Christ, come on, search. Thank God today.

Life.Church with Craig Groeschel
"five years" Discussed on Life.Church with Craig Groeschel
"Who do you want to become? What type of person do you want to be? Why do you want to be that? I pray that you spend enough time in God's presence. That you know the who that he wants you to be. And it's not a selfish why, but it's a spiritual why? And so based on who you want to become, what habit? Do you need to start? And based on who you want to become, what one habit do you need to stop? And then we're not going to try to be better on a tribe. We don't know we're in training. We're in training. We're training our bodies for righteousness. We're training our minds to think on the word of God. Because what we plant, we will reap the way that we're living today will impact who you become. What you have, what kind of difference you can make, how you feel on the inside. How you impact people on the outside. So, are we successful? If we finally hit the goal 5 years from now, no, no, no, no, no, no, no, no, no, no, no. No. We don't have to wait till then. We don't judge the success of the day by the harvest that we reap, but by the seeds we sow. We're sowing righteousness for sowing righteousness for small. Consistent God honoring living added up over time. Equals a harvest of righteousness. Equals relationships that honor God. Equals a ministry and a legacy, something that you can be proud of. Equals financial strength and generosity. Equals a God honoring body. The best of what he gives us, honoring him with wise choices so we can live for his full glory and all that we do. Do not be deceived. God can not be mocked. You reap what you sow and you reap more than you so. And you reap after you saw so if you don't like what you're reaping, change what you're selling. And when you consistently and faithfully honor God with wise decisions and you let Jesus lead you and empower you to God honoring habits, your hard work, and your disciplines and your sacrifices and your faithfulness, they're not being wasted. They're being stored up. Think of it this way. Think of it like hot water. You start to put some heat on water. And what is the water do? The water warms up slowly. It warms up to 80°. And then a little more fire gets hotter and it warms up to a 140°. And it gets a little hotter. And it warms up to a 180°, and then it warms up to 200°, and then 204°, and then 202 111°. What do you have? Really hot water? But when it was up one more degrees to 212°, what do you have? You have a boiling, a hot bowl of water. What happens when you live faithfully for Jesus over time? The fire of God starts to burn within your soul. And one day you're burning one day you're on fire. One day, you're reaping a harvest of rice is and people will throw your wow, wow, wow. You are an overnight success. No. You want to overnight success? They look on or you just were lucky. You're born to the right. So you are lucky. Your faithful. You are consistent all the units. But they will never ever see. It's a never see you renewing your mind with righteousness. And they'll never see you overcoming self doubt and praying and praying and praying and fasting and seeking God and depending on him and when you're weak, depending on him and repairing of sin and falling down and getting back up again in the early mornings in the late nights and enduring criticism because when you start doing something good, all of a sudden people show up to tear you down and you do the right thing and you grind it out and you're faithful and you're persistent and you're consistently faithful in the small things. Because it's the things that no one else sees. That brings about the results everybody wants. You're planning seeds. You're planning seeds. And God is watering it. And over time, you reap a harvest. Of righteousness, I came to tell somebody, don't give up. Don't stop planting. Don't stop sewing. Don't stop believing. Don't stop renewing your mind. Don't stop turning back to God. Let us not become weary in doing good. For at the proper time, we will reap a harvest. If we do not, give up, it's not easy. It won't be overnight. But you will free a harvest of righteousness for the glory of God. If you do not give up, so have you ever stopped to think about what will your life be like 5 years from now? Because when you're born, you look like a mom and your dad. But when you die, you look like your habits. Do you like the direction that your habits are taking you? If you don't like what you're reaping, change what you're selling. The right seeds, the right habits, faithfully over time. And God's principles are true. You will. You will. You will. You will reap a harvest of righteousness. If you don't give up.

Life.Church with Craig Groeschel
"five years" Discussed on Life.Church with Craig Groeschel
"30 60 or even a hundred times as much as had been planted. One seed can reap a hundred times as much as was planted. You plan to see you get a tree and the tree creates fruits and the fruit has more seeds and you can plant the season the ground and you get more fruit from the trees because you reap more than you so. This is true in every area of life, you're nice to a lot of people and they're nice back. You walk in shooting the bird, people aren't nice back. It's true in your marriage. Amy multiplies. She is a multiplier. If I treat her with honor and cherish her and love her, she loves me back way better than I ever deserved. She multiplies. If I give her a hard time, she multiplies. And she gives me hell back because you read more than you so she's laughing louder than anybody. It's like she's sweet. Yes, she is sweet until I'm not, okay? And then you see how it goes. I'll illustrate it with a book. This is a book that one of the books that I have my kids read, I have three sons in law, and this is one of the books they read and training to take the hand of my daughter. It's a good book. It's called a compound effect by Darren hardy. In one sentence, this is kind of summarizes what he teaches in the book. He teaches that small, smart choices, plus consistency, plus time, equals a radical difference. I love this. Small, smart choices, plus consistency, plus time equals a radical difference. And he tells a story of someone in there that involves a 125 calories both ways. I'm going to tell that part of the story. And then I'm going to add my own spiritual twist to the story and bring you an illustration about the same guy with two different scenarios, same guy, two different scenarios. And we're going to start with inconsistency in church and consistency insurance. Scenario number one, the guys inconsistent in church goes win is convenient. He feels a little guilty about that and then he stays up late feeling a little guilty. He drinks a glass of wine every night. He adds a second glass of wine to his ritual. He's not close to God because he's been drifting and feeling guilty. And he slips back into looking at stuff that he shouldn't look at. He's inconsistent in it, compounds and the things that he's not. It's proud of. The other guy is consistent in church. He serving, he goes to bed early. He's really close to God. He doesn't slip back into porn because he's spiritually walking with God. He reads his Bible and he's moving the right direction. There is almost no noticeable difference. Between these two scenarios in the first week, you couldn't tell. A month, you can't tell. A few months you can barely tell. At month 27, there is a measurable difference. So I'm a little I'll tell you a subjective, one thing is absolutely objective. At 27 months, the guy who's been inconsistent, he added a glass of wine, which adds a 125 additional calories for 27 months that's a 117,000 more calories, and he will have gained 33 and a half pounds simply adding one glass of wine. He feels distant from God. He loses confidence. He struggles at work. He's overlooked for his promotion. He has more financial pressure at home. His wife says he's distant and not paying attention. He slips more into porn, which makes him more distant. His wife catches him looking at porn and he doesn't know what's going to happen in his life. And it all started with inconsistency. Take the second one who is consistent in church. He serving his closer to God than ever before, and he heard every single week of the series. The pallor to change. And the habit he took out of his life was drinking wine. Because it was unnecessary calories and didn't do anything, and it made his teeth kind of red. So he cut out a 125 calories a day, and over a 27 month period, he lost 33 and a half pounds. He was no longer trying to be close to God. He was in training to be close to God. He was promoted at work. He took the extra money and paid off debt. They started to be more generous. They got to go on a vacation. Their marriage was more intimate than ever before. They had a growing spiritual impact and it started with consistency in the things of God. Some of that is obviously subjective that I made up. The part about the weight is not 67 pounds difference on a 125 calories a day over a 27 month period. That alone explains the principle that it's not what you do occasionally that makes the difference. It's what you do consistently. It's small, consistent, habits done over time that equal either a positive result, or if you're planting the wrong kinds of seeds, it equals a negative result. If you don't like what you're reaping today, change what you're selling. Because the bottom line is, you reap what you saw. You reap more than you so. And number three, you reap after you so. You reap after. You reap in a different season. If you plant seasoned fall, you don't reap and fall. You reap and spring. And this is the very reason sometimes we get so discouraged. The reason sometimes we get so discouraged is because we don't see progress fast enough, right? You pray every day for 5 straight days, and at the end of 5 straight days, you don't feel really that much different spiritually. Where success or you go to the gym every day for two weeks and at the end of the gym for two weeks, you still can't run a whole mile. It was wrong to be doing the right thing. Or you're paying off your debt. And so you don't buy coffee all month long. And you save a $100 to put towards your debt, and now you don't own 30 $7500 on your college loan, you owe 37,400 dollars. And you're going to stay too long.

Life.Church with Craig Groeschel
"five years" Discussed on Life.Church with Craig Groeschel
"The flesh but to please the spirit from the spirit will reap eternal life. Paul said, let us not become weary in doing good for at the proper time, we will reap a harvest if we do not give up. Scripture says, do not be deceived. God can not be mocked. A very little translation is Dolby stupid. Paul's words are very, very strong. And he's a simply giving us essentially giving us two options. He says, if you're sowing to the flesh, in other words, if you have habits or a lifestyle that reflects your sinful nature from that, you will reap destruction. On the other hand, if you so seeds or habits of the spirit, you'll reap eternal life. Destruction and death or eternal life and godliness. If this seems heavy, it's because it is. Because it's true, you reap what you sow. Do you like the direction that your habits are taking you? Do you like the harvest that's coming because of the seeds that you're sewing? Let's review where we've been today. We're wrapping up the necessary the power to change. We'll go back to the very first week and we learned the very important principle that real and lasting change is it behavior modification. What is it? It's spiritual transformation. Type that in the comments section. It's spiritual, transformation. If you just change the behavior, but don't let God change the heart, the behavior will come back real and lasting change. It's not just us trying to change. It's spiritual transformation by the power of God. In the first week, we started with identity. Why do you do what you do? Primarily you do what you do because of what you think of you. We start with identity. And so we've been building week over week over week on the spiritual principles. The first week we started with your spiritual who, who is it that God is calling you to be, we start with identity if you want to change what you do, change how you think of you. Then we looked at our spiritual why. We don't just want to change because we want to be more wealthy or be healthier. We want to change because we want to honor God with the way that we live. We have a spiritual who. We have a spiritual why. Then we looked at our spiritual what, that's the habit, and we answer the question. Based on who you want to become, what one habit do you need to start? And we have the right habits that reinforces the godly identity that helps us to become more like Christ. We have the spiritual who, the spiritual wife, the spiritual what, then we had our spiritual what not. And that's the habits that we're going to remove. Based on who you want to become, what one habit do you need to stop to get out of your life something that is not God honoring. Last week we looked at the spiritual how, remember, how do we change? We're not trying. What are we doing? Help me out. We're in training. We're training for righteousness. We're not trying to be righteous. We train our bodies like an athlete to become who God call this to become. This week, we're going to add to it the spiritual impact to drive the final message home. How you live will determine who you become and over time, the seas that you're sewing today will bring about a harvest in the future. The habits you have today will shape who you become tomorrow is in the word of God is from galatian 6 and I'll call it the laws of sowing and reaping. Their laws, the laws are always true. There are established by God. It's like the law of gravity. If I fell off this platform, the law says I fall down. I'll never follow up. Whoop. I just fell off. You don't do that. These are laws that are always true, and I want to give you the three laws of sowing and reaping. Do you like the direction that your habits are taking you the first one is this? Number one, a lot number one. Is you reap what you saw? Let's say love. Number one, you reap what you saw. Number two, let's say it loud. You reap more than you saw. You don't just reap what you saw, but you more than you saw. Number three, when do you number three you reap after you so? Let's say we'll allow number one you reap what you sow, you rape more than you so you reap after you so let's break them down one by one. The first one we're going to talk about is this. You reap what you sow. If you sow a certain type of seed, you reap a certain type of a plant. If you plant an apple seed, you get an apple tree, you don't get grapes, right? Very obvious, but it's important to understand. You reap what you sow. In other words, if you plant godly habits, you'll reap godly outcomes. And the opposite is true as well. If you're living ungodly habits, you'll reap ungodly outcomes. In fact, scripture says it and Jose shepherd Tim verse 13, but you have planted what scripture says. You've planted wickedness and so what did you rape? You reaped evil. You reap what you saw. If you're habits are always bad, your harvest is not going to be good. If you're late to work every day and you got some half hearted attitude of I want to be promoted not doing anything and you got a bad attitude every day, you're not likely to be promoted. It's not because you weren't promoted all is because your habits didn't earn the attention of those around you. If you so seeds have lost all the time. And you look at porn and you objectify women and you wonder why you don't have intimacy in your marriage is not because your marriage isn't good is because you so bad season you're reaping a bad harvest. Same with physically. If you eat anything you want, and you never, ever exercise. And you drink a 6 pack of beer every weekend and wonder why you don't have a 6 pack here. This is not a punishment. It's a harvest. It's a result of what you planted. So if you reap what you sow, write this down. If you don't like what you're reaping, change what you're sewing. Oh, this is good. If you don't like what you're getting back, look at what you're planning in the ground. If you don't like hitting your relationships, look at the seeds you're sewing. If you don't like it financially, look at how you're living. If you don't like it spiritually, look at what you're doing, spiritually, if you don't like what you're reaping change what you're sewing. Principle number one is you reap what you sow. Principle number two is you reap more than you saw. Because when you sew, what does God do? Draw multiplies it. Got multiplies it. Scripture says it this way. Jesus said this in mark's gospel, chapter four verse 20. And the seed that fell on the good soil represents those who hear and accept God's word and produces a harvest of what and produce

Life.Church with Craig Groeschel
"five years" Discussed on Life.Church with Craig Groeschel
"I wonder if you've ever stopped to think about what your life will look like 5 years from now. You start just to think about, however, old you are now at 5 years to it and ask, what do you think your life is going to look like 5 years from now? I want to help you visualize I'm going to give you four different categories to think about and try to project for what your life might look like. We're going to start with spiritually, what were your life look like spiritually? We're going to ask, what will your life look like relationally? What will your life look like financially and what will you be like physically 5 years from now? Let's start with your spiritual life and what is the trajectory of your spiritual life saying about your future spiritual life. For some of you might say, based on what I'm doing now, 5 years from now, I'll probably be closer to God than I ever have been before. I'm going to know more of this word dwelling in my heart. I'm being directed by the spirit of God. My ministry, my impact is growing and I'm reaching more people and I'm becoming more like Jesus. 5 years from now, spiritually, I'll probably have the peak and it's going to go even higher. Or for some of you, you're kind of hitting this spiritually right now, getting the church is kind of difficult for you, some of the old sins are creeping back up and 5 years from now you might be not doing as well spiritually. You might have lost a little bit of faith. You might have fallen back into some old patterns. You might have become lukewarm. You might have even drifted from God. What do you think your life will look like? 5 years from now, spiritually. Let's talk about relationships. We'll start with your friends and then maybe talk about family. Friends 5 years from now, you're developing some great God honoring friendships. You're going to be stronger, you're sharpening one another. You've got rich friendships or maybe you don't really have very good friends and those you have or a bad influence on you. What will your friendships look like? If you're married, 5 years from now, based on where you are, you could be closer than you ever have been before. You could have a level of intimacy in your marriage that you didn't even know was possible. Or based on your trajectory, your continuing to struggle. Util trust your spouse. You may be fighting to stay married. Some of you 5 years from now, you will be divorced in your marriage, didn't make it. Where will you be relationally 5 years from now? Financially, some of you based on your trajectory, you're going to be debt free, baby, no more student loan, no more car payment, no more credit card payment. You've got financial margin. You've been you're able to be more generous than he ever happened before or others of you. You're going to continue on the same path. Still live paycheck to paycheck, maybe the debt will grow, maybe the financial pressure will grow. And you're going to find yourself worse off 5 years from now than you are right now. Physically, where will you be 5 years from now? The great news is, believe it or not, even though you're 5 years older, you actually can be stronger. You can be healthier. You can maybe become more energetic and more healthy than you've ever been before. Or 5 years from now, you may be more tired, more unhealthy and lacking in energy. Once you just stop for a moment and the big categories of life and ask yourself, where do you think you'll be 5 years from now? What do you think your life will look like? I'm going to tell you, for the most part, what it will look like. And I want to acknowledge that there are some external forces outside of our control. So we can never be completely accurate in our predictions, but for the most part, we can predict with a high degree of accuracy what your life will look like in 5 years. Why? Because the habits you have today will save who you become tomorrow. Let me say it again. The habits that you have today will shape who you become tomorrow. Somebody said that when you're born, you'll look like your parents. How many of you think you kind of look like your parents when you're born? When you're born, you look like your parents. When you die, you look like your habits. Right? Because the way you're living today shapes who you become tomorrow and you know it's true. Because who you are today for the most part is a reflection of the habits and the lifestyle you live 5 years ago have been pointing to the person that you become today. So, for the most part, with some exceptions based on external factors for the most part, the habits you have today will shape who you become tomorrow. The question I have for you is this, do you like the direction your habits are taking you? Do you like the trajectory of your life based on your current habits? Because intentions do not determine direction. No matter what you want, what you want doesn't determine what you become. Hope doesn't change your life alone, habits do, intentions don't determine direction your habits determine direction. So the title for today's message is you in 5 years and with that plus pray together father we asked that today your word would inspire faith and hope and the right habits to so seize of godliness into our lives that we could reap a harvest of righteousness to honor you. We pray God that you'll speak to us today and would be different in your presence and by the power of your word in Jesus name. We pray and everybody said, amen and amen. Let's look at the word of God and the word of God is living as active as powerful as convicting and is going to convict me and you today. Glacis chapter 6, the apostle Paul said this. He said, do not be deceived. Everybody say, don't be deceived. Type it in the comment section. If you're watching online, type I didn't do not be deceived. God can not be marked, or if I say God can not be marked. Don't be fooled, don't be deceived, God can not be marked a man reaps what he's so whoever sows to please their flesh that's our sinful nature, whoever's so as to please the flesh from the flesh will reap destruction. Whoever those souls to

Pop Culture Cosmos
"five years" Discussed on Pop Culture Cosmos
"Movies that hit or get oscar buzz within a report on it over the next few months but guys before we announce i wanted to go ahead and and essentially to especially you mr josh. Because five years friends five years since it's been so long i can't remember i can't even remember episode one now just feels like it's been going on forever. You still find it out there. It's so funny. Because i listen to it now and it's like night and day. I still going strong. Hopefully one of these days. We'll be back at a richard city games. You know doing doing the doing the podcast you know. I love that but woken harder. Check for you my friend. Now these days yet it'd be involving the next generation. Their friend right. Yeah well i mean a one could hope man. We'll see maybe one day we'll make it happen but the thanks everyone semester. Watching listening again. If you have any questions for us a you wanna talk cover of topic skirt. In pop culture up ultra gospels on facebook or any social media mukasey. Yahoo dot com a big. Thank you before we had on outscored. All the radio stations around the world that have carried us and that continued to carry us over fifty radio station strong. And it would be doing this without you and all the listeners who had over one hundred and thirty thousand downloads coop. So so i. I mean my gratitude to everyone apple for taking the time to listen to our wherever you go your podcast or your radio stations. Just cannot thank you enough for doing. So yep yeah thank you very much. It's been spent quite a ride like we're talking like his last episode. No you're gonna have to listen to us for a long time. So absolutely i got stuff for the king waiting to listen to you over the next couple of weeks. Yeah yeah and there'll be some exciting stuff coming out. I'm sure and just keep on listening. Well i gotta go hit the pool man and i gotta go to the beach lies. I'm really really itching to get out there big. I cannot think enough to stop by. Please stop by sooner than momentous occasion for us because anytime no problem. Thanks for having me. Thanks so much to sting in tune with us right here. The pop culture. Cosmo's if you have any questions for us. Pop culture.

QA Selling Online
"five years" Discussed on QA Selling Online
"So i have the morning five for shows. Where else do you want people to look for even find you can go to glen. Lend e. dot com on my website. It's got lakes to facebook instagram. All my socials. Its got links to all the videos. That i do the work that i do with car dealerships. All of that stuff is at glen. Lindy dot com. So we have those on the show notes. And i'm going to check out here on the morning five the book i saw. That doesn't have an audio version. I saw that some. it does beautiful again. I want to audio one. 'cause i lose my focus when i'm reading an on small letters. I lose my focus. Even i do to make edits you. So i i very much like an audible. I'll listen audible. And then if i love the book i'll go ahead and get it on paper and i'll reread it as i'm listening to the like not of the same time but i might have the audible in my car and book in hand. But that's the only way. I can't just sit and read a book like for long bridge. Time anymore doesn't work. That's so funny. Because i do that by the audible to listen and sometimes i buy the book just to have on the shelf. Brand new video led to against your podcasts. That have that feeling to that shirt so much easier grant. Thank you so much where we have to stay in touch now. I'm book right now. Awesome man i appreciate that. Thank you so much for having me on thanks to take..

QA Selling Online
"five years" Discussed on QA Selling Online
"Body when you're when you're when your body is prepared to wake up at knows when the alarm has said it's used to your patterns and so when you hit the snooze button you're sending yourself into another sleep cycle so it's really the biggest liar on the planet right. You think if. I snooze for ten more minutes. I'll get ten more minutes of sleep but really what happens. Is you send yourself into another sleeps like mostly cycles. Take two to three hours to complete. So you're gonna feel groggy for the next hour and a half to two and a half hours because of that extra ten minutes asleep whereas if you just get up when you ll arm goes off get out. You'll feel groggy for about four or five minutes. And then you're good is your body was prepared to wake up at that time so i found to really attack that and also i wanna let you know. Harvard did a study and biologically speaking. If you do an action sixty seven days straight on day sixty seven. It'll be easier to do it than to not do it on day. Sixty six. it's harder to do it than to not do it. So that's why a lot of people fall off is they'll try something for thirty days or they'll try something for forty forty days and then you know after six weeks working out they fall off or whatever it's because biologically it takes sixty seven days for that to be ingrained become easier to do than to not do so on the morning dot com talks about it. We challenge people do these five simple steps for sixty seven straight days in. Then it'll be easier to do it than to not do it. Changes your whole world. Thanks for that glenn. I'm i'm definitely try and because it makes sense 'cause there's some days they're rare that i have to wake up even before the alarm goes off right and i feel more energetic right there. That's i take this news. There is a mix our so that you know you didn't want to talk to people use. So that makes perfect sense in. There was another thing about the sixty seven days. There's a lot of people in many of. You are probably listening right now that you heard that it takes twenty one days to create a habit. Let's study was done almost a century ago when you we don't have the same attention span anymore. There's people that say that unions haven't attention attention span smaller than a goldfish or in. It is true even me personally. I know i was able to focus on things for long periods of time before and now it's so easy to get. There's all y'all no doubt hangs like you know something new you don't even realize it. Humans are chains and it does take sixty seven Made for some people take longer. I don't know it takes. It takes a while you know. And that's really what you need. You need a biological change. It's it's got. It's gotta change on a cellular level when things change on a cellular level than it's easier you to continue. That new patter perfect. So i have the morning five for shows. Where else do you want people to look for even find you can go to glen. Lend e..

QA Selling Online
"five years" Discussed on QA Selling Online
"Move like i. Don't i don't count on those due to come pick me up all the time or are you know something. Changes appear in the new. See these children these babies they start to like stick their arms out push their arms out they try. They started trying to lift their neck up off the bed. Start trying to roll over. And what they're doing is as they're going through the struggle right i. There's a change followed by struggle as they go through that struggled their muscles their coordination. All of that stuff starts to get stronger right. It starts to grow and as the muscles grow in the coordination grows then all of a sudden they rolled over and over and then happens again right. There's a change. They say okay. Well now i'm not okay with just real crawl then. They go through this process of struggling with their muscles which ultimately leads to the growth of the muscles which leads to success. They crawl then they go through it again and they walk and we go through it again as we go as we grow up and so change struggle grow succeed. That's the process of of my life your life in everybody's life and will continue to be for the rest of forever as things change. We can always count on them being followed by struggle. No that that struggle that a lot of people run from your growth comes from the growth. Is what leads to success. There is no success without growth so for me in my life. I had many many many times where i was going through a season of change in and didn't really know who i was or my identity inside i tended to make some some bad decisions with that in my early years. You chasing the girls drink in the drugs. All of those things and those changes in my life led to major struggles van. I've been homeless. I've been in seventeen different times Been suicidal massively. Depressed all of those things in my from twenty to thirty was crazy man like in it was just this i would make a change and then i struggle and i my struggles really art in really real But through that you know. I've been able to grow into the man that i am today and to have the opportunities that i now have with my family with my business with my platform speaking chang my message with the world it all came from those struggles. So now i'm experiencing some seasons of success on the backside but i'm prepared for the next change the next go. You know what i'm saying. So that's just that's that's how that's kind of how it goes. That's the way. I look at the world in right now. Things are not easy. They're still really really really really really hard. It's just a a season of success until the next big thing comes at us you know for the us. Thanks for sharing. That with us. And i agree that without the struggle there. You don't develop bed. The muscle right is not really always the physical muscle brain must or the you require for success so some people win through is easy also when you go through some of the higher points a lot of people that.