J Darrin Gross I'd like to ask you, Guffy, Wright, what is the BIGGEST RISK?   Guffy Wright The biggest risk is apathy, status quo, if you don't have clarity, safety and direction on a large and spend on your asset. I think that's the biggest risk. Is apathy, not treating insurance like you would your own debt and your own clients. That's the biggest risk. https://www.linkedin.com/in/guffy-wright-752679b  

Today, my guest is Joey Mure. Joey Mure has been helping individuals achieve financial freedom through faith driven strategies that align values with Sustainable Passive Income Creation. And in just a minute, we're going to speak with Joey Mure about Sustainable Passive Income Creation. https://www.wealthwithoutwallstreet.com/  

J Darrin Gross I'd like to ask you. Joey Mure, What is the BIGGEST RISK?   Joey Mure I think the number one risk facing America right now, which me included, is the onset of AI. And I don't think people are paying attention to how quickly it is making things that were solid, confident, type ways of making money obsolete. And let me just I'll share this with you. I'm a part of a mastermind. And there was a gentleman who spoke in March, and it kind of it woke me up to this. I already knew that this was a risk, but he said something very profound. He said he's in a room of about 80 people that are highly successful, coaches, mentors, influencers, things like that, online and, you know, marketing and stuff like that. And he said, if you're not asking the question, 90 90% of you are out of business in two years. And he said because being people that have information are completely obsolete at this point, the only people who will surpass AI are actually going to be icons. These are people who you immediately associate with a product or a service, right? And he gave some examples. He was like, what's what? What is Richard Branson's brand? You know, a handful of people probably know what his actual brands are, but they they recognize who he is, because he's an icon, and AI is not going to get rid of an icon. But if you're just building, if you're just regurgitating information from one person to the world. You're You're obsolete. You have to become absolutely like somebody who people will follow. You have to become the person who's not just information, but implementation, actual results. And that's why I say, you know, Russ and I are result leaders, not just thought leaders. We do the thing that we're telling you to do, and we report on exactly what's happening, good or bad, because we want to be authentically in your corner to say, hey, you can do this. Look, we're doing it right here. This is how this works. And there is a there's going to be both a big risk with AI and a humongous opportunity. And the biggest opportunity is to become authentic and to become real, because in an age of AI, everybody's going to be searching for what is real. Everything seems fake.   https://www.wealthwithoutwallstreet.com/  

J Darrin Gross I'd like to ask you, Pamela Eyring, what is the BIGGEST RISK?,   Pamela Eyring I think the biggest risk that you can control, but is the assumption that your people that you've hired or even has worked for your company for. Long period of time knows what they don't know. And I think that assumption is a risk, because a lot of times they say, Well, you should already know this. This is common sense, but it's not, not today. You can't control the tariffs. You can't control the political scene right now, or war. We have no control over that, but we have control over our people and their development, and so that's where you mitigate the risk, is get them training, whether it's internal, with you being, you know, your supervisors or leaders, actually coaching, you know, one identifying that there are professional standards in your company. That's your culture to identifying you know individuals, either outside and hiring them in or internal to teach what they don't know, even if it's a refresher for some what is the others? Are they using it like business cards, as simple as that. I mean, these are low cost risk avoidance is in developing your people, and then create those opportunities for practice, invite them, give them, stretch them a little bit. And then lastly, I would say, you know, really reinforce that that practice so coaching them. And say, you know, Darrin, that was great. You really did wonderful. You know, speaking to this group, they got, they understood the message of what we do, clearly and articulate. You know, you were very articulate with that, and very masterful in your follow up suggestions. So giving them feedback, or don't ever wear that again, because it is not acceptable. But again, this is, this is what I would say to to to mitigate and reduce that risk, is invest in your people in this area. Because nothing else, even the the interest rates you can you can't control, you can negotiate, but you can't control all of this, but you can help and develop your people where they're making that impact. Because, like I said, it's, it's People to People business in CRE.   https://www.psow.edu/  

Today, my guest is NIV Davidovich. Nib is the managing partner of Davidovich stone Law Group, a landlord centered law firm in California, providing a full slate of legal services to the landlord, property manager and developer communities. And in just a minute, we're going to speak with NIV Davidovich about landlord tenant law and related topics there.   www.Davidovichlaw.com E: [email protected] Ph: 818-661-2420  

J Darrin Gross I'd like to ask you. Niv Davidovich, what is the BIGGEST RISK?   Niv Davidovich Risk in being a real estate owner? J Darrin Gross However you wanted to.  It's up to you to find what you consider to be the biggest risk.   Niv Davidovich I guess I'm I'm somewhat tainted, because the things that I deal with are either the expensive evictions or the expensive or difficult habitability claims. So to me, I'm always going to see that as the potential risk. I can't really necessarily speak to market conditions, you know, because I think the people who bought the offices in 2019 they never thought that their class, a landmark buildings are going to crater in price by two thirds. But obviously, having a global, you know, pandemic, it's just not something you, you know, put on your pro forma. So that's probably the biggest risk, but it's probably going to happen the least amount of times in terms of regular, regular risk, it can be these lawsuits, because it's very easy for the tenants to find tenant attorneys who are going to file them on contingency. And there's a proliferation, proliferation of these types of attorneys happening in California. And I'll explain why personal injury, even though it is viewed as, Oh, those are the ambulance chasers and sort of like the low class attorneys, they're making way more money than a lot of these, even white shoe lawyers. So the the barrier to entry to get into personal injury is so high now because they're spending so much money on advertising and marketing. I'm talking about some of the big boys are spending millions of dollars, millions, plural, of dollars, every month, not year month, and that's because there's just a lot of money there. But in order to keep up with them, you need to spend that much money. If you can't, well, I'll move on to a different area where I can also make similar money. So they moved into employment Well, now there's people spending all of that money in employment law, also hundreds of 1000s, if not millions, of dollars every single month to get these employment claims. Because in California, get a good employment claim, you can really hit it big. So that barrier to entry became very big, and so they moved on to the next thing, which is the tenant habitability claims, where you can also potentially hit it big. Now it's not as big as the PI and it's not really as big as the employment, but lower barrier of entry as well. And so all these new lawyers who are coming out of law school every year that are more entrepreneurial and business minded, they need an area to get into that they can just open their shingle and just start doing it. And happens to be that habitability is something they can do. So that's happening a lot more. And if you don't have the proper insurance, you. Have one claim, it can kill you. www.Davidovichlaw.com E: [email protected] Ph: 818-661-2420  

Today, my guest is Gary Eastman. Gary is an attorney turned entrepreneur who has built a thriving national surety bond brokerage business into one of the most misunderstood sectors of finance, or in one of the most misunderstood sectors of finance, and in just a minute, we're going to speak with Gary about performance bonding, also known as charity bonding.    https://swiftbonds.com/  

J Darrin Gross I'd like to ask you, Gary Eastman, what is the BIGGEST RISK?   Gary Eastman Okay, so this is a great question, and I think there are two risks that kind of embed themselves in everything that we see today, at least from the surety bond perspective. One financing risk, right? Because those are the you know, the amount of capital available is going down if the cost of capital is going up. And the second part is labor. We are, we're short of labor, and so we're going to continue to be short of labor. So those two things are an interplay all the time. And so we see, you know, bonds being able to help minimize that risk, both, both of those risks. And so if you're a real estate developer, right, your financing risk is set again. It's set up. And how we do it so you get the bond so that you can make sure that the project's done, you can get clients, you know, into the space and start receiving, you know, some sort of return on that. The second part, of course, is labor. You know, you don't want to hire somebody who then turns around and you know, they're all their subs have disappeared, or they're doing something else. And so bonds have, you know, given you a way to basically minimize both those risks. We see that in every part of society now, and places where we didn't see it five years ago. So bonds is a tool, not the only tool that you can use to go out there and start minimizing that risk, mitigating that risk, before it happens. And then, of course, the other thing is, if there is a problem, we like to jump on this quickly to mitigate the risk down so that we don't have massive lawsuits and problems going out there. Yeah, I've been doing this since 2008 and I have been fortunate that I am none of my clients have involved in a protracted litigation, which, as an attorney, warms my heart, but those are the things that we see all the time that we're trying to eliminate, if possible, and then mitigate when they do. https://swiftbonds.com/

Today, my guest is Beau Turner. Beau Turner is the founder of Abundant Mines, a Bitcoin mining company built with one purpose to make passive crypto and infrastructure investing simple, secure and sustainable. And in just a minute, we're going to speak with Beau Turner about demystifying Bitcoin. https://home.abundantmines.com/about-us https://www.linkedin.com/in/beau-turner-445732251/  

J Darrin Gross I'd like to ask you, Beau Turner, what is the BIGGEST RISK? Beau Turner Well, I think the Bitcoin network itself is very challenging to find any sort of risk in, and I think that would be surprising to most people to hear. But part of the reason it is such an incredible innovation is how it is designed to be resilient in almost any case. I mean, like, short of a forever nuclear winter and the Internet going down forever everywhere, there's not really a legitimate way to take this network out. So what I would say the risk is for our business, since we're in the mining space, is that we're actually in the physical world. So Bitcoin is a unique asset among assets, because it is digital. It's theoretically indefinite. It doesn't have a lifespan. It doesn't have a half life. It can exist forever. When you get into mining, people are usually getting into mining to outperform Bitcoin, to get, you know, the tax advantages of depreciating equipment, to get the income stream. But when you enter into the mining space, the risk that you're taking is that now you're dealing with the physical world, whereas you weren't, if you were just doing what you do, which is, you know, hold Bitcoin and cold storage digitally. And so you have to be very careful. And I mentioned, you know, briefly, our story of our first experience getting into mining in the physical world. And so the people that you work with, to me, are the most important risk to account for. That kind of goes untalked about. Your environment matters a lot. So we were, we were hosting originally in Georgia, which is a very hot, humid climate for you to run computers that are going 24/7 so we've, we've decided to locate in the beautiful state of Oregon, where we've got pretty cool climate, year round, lots of renewable power inputs and very low natural disaster risk. There's a pretty good set of reasons why you see a lot of the largest data centers and hyperscalers in the world choosing to make Oregon and the Pacific Northwest a home. That's part of it. And then we mentioned energy risk as well, which I think that's, that's probably the key economic risk. You know, the other things I talked about were more like, Is my asset going to exist? What can, what can, critically threaten me, actually owning this thing and it being safe? The energy risk is more about the business model, insulation. So, you know, energy pricing has gone up for most people, across the board, almost everywhere. The way that we guard against that really is just diversification. So we have sites in many different utilities. We have six facilities right now and building two more, and they all have a totally different energy procurement situation. They're all in different utility jurisdictions. That helps us with mitigating outages, but it also gives us insulation to the energy markets themselves. So those would be the key risks that I would highlight, and the ways that we uniquely tackle them.   https://home.abundantmines.com/about-us https://www.linkedin.com/in/beau-turner-445732251/