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New Class Rising with Hector J. Mises
51 minutes | Nov 6, 2018
152: The seeds of the end of U.S dollar hegemony have been sowed
In the third quarter of 2018, the central banks of Russia, Turkey, India and other countries went on a splurge of gold buying. Collectively, five major countries including India, Russia and China demanded 33% of all of the gold mined out of the ground this last quarter. The question is, why are these major economies splurging on gold at a time when the U.S dollar is on the rise? In this episode of the show discuss why this is happening, why this is going to deal a big blow to U.S economic dominance and why this is of the upmost importance to you and me. Support the show on Patreon Follow me on twitter: @HectorJ_Mises Show notes: http://www.NewClassRising.com/152 YouTube video podcast Get my Book: De-CLASS-ified: The fall of the middle class and rise of the internet entrepreneur
25 minutes | Oct 21, 2018
151: My #WalkAway story
In this episode of the show I am sharing my #WalkAway story. There is not intro or outro music because I basically took the audio from the video I published but I wanted to share this as an episode for you to view. Do you have a #Walk Away story? Buy my eBook: De-CLASS-ified: The fall of the middle class and rise of the internet entrepreneur Follow me on Twitter: @HectorJ_Mises Show notes: http://NewClassRising.com/151
38 minutes | Oct 21, 2018
150: The #WalkAway Movement and its importance to aspiring entrepreneurs
On this episode of the show I am sharing what the #WalkAway movement is all about and why I think it is important to aspiring entrepreneurs everywhere. Buy my eBook: De-CLASS-ified: The fall of the middle class and rise of the internet entrepreneur Follow me on Twitter: @HectorJ_Mises Show notes: http://NewClassRising.com/150
53 minutes | Sep 24, 2018
149: Student Loans: The problem that won't go away
On this episode we are talking about the student loan debt problem that is facing America and the long term impacts that this is going to have not just on individuals but on the economy as a whole. Get my eBook: De-CLASS-ified: The fall of the middle class and rise of the internet entrepreneur Follow me on Twitter: @HectorJ_Mises
46 minutes | Sep 4, 2018
148: 3 Ways to Pay-off Credit Card Debt Faster
Imagine you are taking a walk through your neighborhood. It's a unusually breezy, but warm summer evening and you happen to run into a neighbor. You stop to chat for a bit and during the discussion you start talking about finances. You're neighbor tells you, "Yes John, I jut hit a big milestone in my life. I've paid off my mortgage, student loans and all of my credit card debt. The only thing I owe now is just a $2,000 car note and I I'll be scot free" By this time next month, I will be debt-free and ready to build up my savings and nest egg even more. You wouldn’t say "Jeez. I'm sorry to hear that. These must be tough times. What happened? Is there anything I can do for you? Thankfully, things are going great on my end. I owe $350,000 on my mortgage, added another $10,000 in credit card debt and my student loans, well, I'm thinking about going back to school for another $50,000. Things just couldn't be better!" but that's what Keynesian economist want you to believe. On today's episode I you'll learn: My top 3 reasons for why American's have now incurred over $1T in credit card debt 3 ways to pay-off credit card debt faster Video Podcast:https://youtu.be/MD_hhmbYdxk Follow mean twitter: @HectorJ_Mises Show notes: http://www.NewClassRising.com/148
46 minutes | Aug 28, 2018
147: Treat yourself like a Business - 7 KPI Series, Pt.3
As promised, this week we are bringing the "7 Wealth KPI" series to an end. But the fact of the matter is, that we are jut getting started. If you've been listening to this series, then you know exactly what I mean. Over the last 2 episodes of this series, I've covered why it is critically important that you as an individual being to treat yourself like a business. What do I mean by that? As a loyal listener of this podcast, I know there is one thing that you want more than anything - Financial Freedom. Why? Because financial freedom will buy you the lifestyle freedom to live your life however, which whomever and wherever you want & the time freedom to live it on your terms and time frame. But, there is a BIG but... How do you get there? Well, you can invest the earnings you get from a job and over time, it is possible to reach financial freedom. But a job alone will not do it, fort he obvious reasons. Stop working and there goes your income inflows. The only way to obtain financial freedom is by providing an incredible amount of value to your fellow man through the market system - entrepreneurship. In essence, you have to provide so much value, that your fellow man will voluntarily give you the dollars in his pocket (or his back account) because he values your product or service more than the money itself. So that's it! That's the answer. Become an entrepreneur! Easier said than done right? The problem is that one of the biggest hurdles that holds people like you and me from staring a business is that fact that we don't know if we can financially afford to do so? In other words, do we have too much credit card debt, student loan debt, car note debt, mortgage debt, etc, etc, to even be able to set aside $100 bucks a month to get our first website off the ground? I think, subconsciously we absolutely know the answer to that, but consciously we toil with the question over and over again and, well, sitting down and actually find out the real answer may be too painful to our ego, so we decide that the addition to not knowing whether we can get started is what we'll settle for. This is literally what happens is our heads. So, if you're going to become a business owner, the jury is in. You have to get your financial house in order. How are you going to do that? Well, first you have to give yourself compassion and you have to understand that you cannot change the financial decisions that you've made in the past. You can't go back and un-buy that car, un-buy that 75-inch 4K flatscreen or request a refund from your University for educational malpractice. (C'mon. Seriously! Have of most degrees are useless) See what I just did right there? ;) The second thing you are going to do is, you are going to start to treat yourself like a Business! You are going to start to track your Wealth KPIs. Not just this month, or next, but for the long term. we started this conversation in episode 144: Treat yourself like a Business - 7 KPI Series and we are ending the series with this episode today. But your journey (our journey) is just getting started. In this final episode of the series I am going to share the most important step of all. I've saved the best for last.
30 minutes | Aug 27, 2018
146: Is your host on a Podcasting rut?
Well, it only took me another 4 months to produce another podcast episode. Yup.. I know. Pretty shameful! Especially when you consider that over the lat couple of years my podcast output has been decreasing year after year? In fact, at this point I wold be surprised if I have any loyal listeners left. I mean, how many 3-4 month podcast release intervals would you survive before completely giving up and deciding that its no longer worth listening to that particular show? I would venture to guess, not many? The truth is I love doing this show. In fact, right before I jumped on the mic and hit the 'record' button, it was a bit of a rush for me. Now granted, this may be due to the fact that, well, I just have not produced shows consistently enough over ht last couple of years for me to sort of acclimate to the whole thing. I would say, " sure, that's certainly part of it" but the other part is that I really get a kick out of being able to talk to my audience - the Rising Class! So, I am going to strive to be more consistent and we'll let by-gones be by-gones I really hope you continue to stick with me and the Rising Class!
70 minutes | Apr 16, 2018
145: Treat yourself like a Business - 7 KPI Series, Pt.2
So. I know, I know - I've been away from the show for a while (again) but let's put that aside for a sec because I have been hard at work and I have something pretty rad and important to give to you at the end of this episode -- but first, let me go into what I am covering on the show for today. On this episode of the New Class Rising podcast we picking back up from where we left off last time and I am covering the 7 specific Wealth KPIs that you need to track to be 100% crystal clear on your Financial Snapshot. Look, I am unequivocally convinced that one of the reasons why I have not been successful in business has been because I've carried with me too many levels of stress have not served me well, and in fact, have served as resistance to actually executing on my own ideas that could may have produced a profitable business with monthly streams of passive income. What am I referring to? Debt - that's what! You know, one of the reasons you see Mark Zuckerberg and would see Steve Jobs wearing the same clothes often is because they know that if they minimize the numbers of decisions they have to make on a daily basis, which actually increase stress, that energy can then be forced on actually accomplishing the things they want to get done. In essence, they reduce stress by not focusing on the things that don't matter and instead focusing ALL of their mental energy on the things that DO matter. Sounds like a pretty monumental idea, I know (you do realize... I am totally kidding, right?) but bodying this one simple thing they are ensuring they minimize stress and mental roadblocks and that they can fully commit to their work. Similarly, being crystal clear about your financial snapshot can allow you to have the same level of focus but when it comes to making LIFE decisions, like deciding you've had enough of the stuff your boss is serving you on the daily and you want to explore the entrepreneurial world, from the comfort of your safety-net job of course. Seriously though, removing this stressor is what I believe holds many people from making the decision to become entrepreneurs and for those who do make there decision to do so (like me), this added layer of stress holds you back from executing on ideas, you second guess yourself, you worry and inevitably things don't work out as they should. This is a long episode but it is a good one and listen all the way to the end to now where and how you can get my free give away! Enjoy!
41 minutes | Jan 22, 2018
144: Treat yourself like a Business - 7 KPI Series
Hey, you! Thanks for listening to another episode of the New Class Rising podcast! I hope that this episode gets you on a great start to your week. I am certainly excited for the show today and the series that we are getting ready to go on over the next few weeks. So, today marks the beginning of this series I am calling "Your 7 Wealth KPIs". What are KPIs you ask? Oh nothing much, just the DIFFERENCE BETWEEN YOU LIVING THE LIFE YOU WANT OR NOT! Alright, my bad! I certainly didn't mean to sounds like I was yelling at you. Think of it more as the "passionate inflection of my voice". LOL Okay, seriously, KPIs stands for 'Key Performance Indicators' and you want to know a little secret? - The most successful companies (and I would venture to say that the most successful people) in the world all have them. So then, why don't you? Seriously, multi-billion dollar businesses all have KPIs that they track, and, trust me, they're not doing it for their health or because they want to give their workers something else to do. No, no, they track their business' KPIs because they care about: Understanding what are the factors that impact their revenue and where they stand today How they performing against their stated revenue goals What they need to do to maximize revenue So, just like a multi-billion dollar business tracks their KPIs, you have to understand what your 'personal wealth KPIs' and how you are performing within those KPIs to get you to where you want to be. I know I know what you're thinking - "I don't entirely know where I want to be." Well, no worries, because I do! Now you're saying "Hold on, Hold on. You know what's best for me? I thought you were an authoritarian hating Libertarian?" Well, you're absolutely right! Although I am not an authoritarian that loves to tell people what to do or how to manage their lives, what I do now is that if you're listening to my podcast, then at the core you are in search of one thing - Financial Freedom! How do I know this? Well, I know it because at the core that is what we are all searching for, including myself. Financial Freedom is what gives us ultimately clarity of our financial situation, reduces any subconscious stressors we might have about whether or not we actually have the money to afford this or that, and it allows us to have the time freedom and eventual lifestyle freedom we seek. That's how I know! :) So, how are you going to benefit from understanding what are the wealth KPIs you should be tracking in your life? Paint a Picture of where you are today Allow you to Visually Track Progress (monthly/quarterly) Measure Progress against set Quarterly Goals Enforce Accountability by reporting out I know what you're NOT thinking... "This sounds like a lot of work!" If you are, I'm not going to tell you to get the heck out of here and stop listening to my show because this show is not for you. Instead what I will tell you is that, Yes, this does involve some work, but lucky for you, I have already done most of the heavy lifting for you. It's true! I've actually been tracking my wealth KPIs for the last 2 quarter (the last 6-months) and in this time, my revolving debt has decreased by 13% and my disposable income has increased by a whopping 28% If you're read this far into the show notes for this episode, then congratulations, you now know 2 of the 7 KPIs that you must track. Again, I've been tracking these for the last 6 months and my stated reason is simple! "If I can't see, at a glance, what my personal wealth snapshot looks like, how can I have the confidence to become an entrepreneur?" Look, it's really this simple. A lot of want lifestyle freedom. However, you can only get it when you have time freedom. And how do you get time freedom? You guessed it, financial freedom. Understanding and tracking your wealth KPIs is all about removing the unconscious stress that you carry with you day to day, by understanding exactly what your wealth snapshot looks like at a glance, so that you can focus on starting the business and being the absolute best you can be for your customers! That's it. The by-product of this process is you reduce debt and you increase disposable income. What you do with that income is up to you (I'm not an authoritarian, remember) :) But it all starts here! I hope you join me on this series. At the end of this series, I am going to give those who want to take this a step further and ACTUALLY (passionate inflection) are serious about their financial freedom, all of my templates and a step-by-step how-to guide (maybe some video's, haven't decided yet) so that they know exactly how to fill out the template and get an instant visual their 7 personal wealth KPIs. Thanks for reading this far and, oh yeah, please do me a favor. Share this episode with anyone you think will benefit from it and rate and review the podcast on iTunes. :) Enjoy the Show! Show Notes: http://NewClassRising.com/144
62 minutes | Jan 15, 2018
143: The show must go on
"If you cannot fly, then run. If you cannot run, then walk. If you cannot walk, then crawl but whatever you do. you must keep moving forward." - MLK As we celebrate Martin Luther King here in the United States, this quote from MLK could not be better suited for where the podcast is today and the mindset that I think we must keep with us as we carry forward. This is the first episode of the New Class Rising podcast since late August, right before Hurricane Harvey devastated most of Houston. I can say that it was unfortunate I (or anyone for that matter) was one of those impacted, but fortunately I did not lose it all. Many folks here in Houston did. With that said, so much has happened since August 2017. Among those, the Houston Astro's won't their first ever World Series and I did something I never thought I would ever do - I bought into the Cryptocurrency mania! (more on that in a future episode) In this episode, I want to focus on a few things of things: Welcome the Rising Class listeners back to the podcast and what to expect of the show as we move forward Discuss the 7 things I will be focusing on 2018 Share 6 upcoming Podcast episodes that you can expect in the coming weeks Show notes: http://NewClassRising.com/143
75 minutes | Aug 21, 2017
142: The Holographic Mind and Visualization for Success in your Life
http://NewClassRising.com/142 - On today's episode I am talking about something that I have never really touched on before but that supports the idea that many successful entrepreneurs have espoused - the idea that you can visualize yourself to success - and it all starts with something that you have probably never heard about, the Holographic Universe. I have always been intrigued by this idea that you can "think your way to success" or that you can "materialize" anything you want into existence by simply using the power of the mind or through visualization. Many successful entrepreneurs all talk about this same concept, but how does it actually work and it is really that easy, why isn't everyone doing it to materialize everything they have ever wanted into existence? In comes the idea of the Holographic Universe. Now, I will admit that I am not expert on the concept of the Holographic Universe, or what I talk about in this episode of the podcast which is the Holographic mind, but I have to say that as I read this book I started to become very convinced about many of the ideas the book presents on the Holographic nature of our current existence. Surprisingly, I also felt a weird sense of peace and understanding about myself and place in the universe descend upon me. Not something I was expecting before I opened this book all together. It is hard to explain it all here, but in this episode of the podcast I do 3 things. I tell you what is the idea, or theory, behind the Holographic Universe and the Holographic Mind I share why we know can speculate that only a Holographic Mind could function as our minds function today Why and How you can use your Holographic Mind to Visualize Yourself to Success in Business, Profession, Life and Relationships Follow me on Twitter: HectorJ_Mises Subscribe on YouTube: New Class Rising Channel
54 minutes | Aug 14, 2017
141: Millennials Lead the Way with Home Equity Lines of Credit
http://NewClassRising.com/141 - Millennials today are leading the way in Home Equity Lines of Credit. According to TD Bank, millennials are tapping into home equity line of credit 2 times faster than Gen X'ers and more than 9 times as fast as baby boomers. The reason, "experts" claim" - millennials just want to upgrade their crumbling homes. How is this possible when millennial student loan debt, credit card debt, and car loan debt is at all time record highs? It looks to me more like millennials are strapped for cash and are instead opting to boring on the cheap to pay of more expensive, higher-interest debt.
56 minutes | Jul 24, 2017
140: The "New Normal" in Interest Rates
http://NewClassRising.com/140 - I feel like I find myself saying this quite a bit these days, BUT, I am back in the office and am (not live) recording from my new studio in Houston Texas. The month of June was a crazy and stressful to say the least. My wife and I decided that we were going to sell out house, so we put the house on the market, which if you've ever done this you know requires quite a bit of work to make it look "sellable". I also found myself having to look for a new place to rent, since I was not going to buy a home int he city, especially at these prices, I had to schedule movers, make minor repairs and give the house some curb appeal. Lastly, I also find myself having to start work on a completely new project at work that required a much higher and deeper level of commitment. To say the last month was busy and stressful is an understatement. But, nonetheless, here I am - back in the studio and recording from my new rented condo. In today's episode, I want to talk about Federal Reserve ChairWOMAN, Janet Yellen. Yeah, I'm sure she's a cool ol'granny to some kinds somewhere, but to financially responsible American's everywhere, she's a financial terrorist, out to steal the purchasing power of those who exchange their time for money. And this is a big f'ing deal, because most people out there who work a job, especially the hourly workers, are exchanging the one asset they can never get back - TIME. Time away from family, time away from friends, time away from their children, time away from experiences, time away from being able to enjoy leisure, which I would argues the greatest thing we all value - otherwise why the hell do so many people dream and fantasize about their retirement? Well, the sweet ol'Janet has done it again. In a statement to the Committee on Financial Services Hearing, where Mrs. Yellen discussed the State of the Economy as well as Monetary policy, she said something that I think most American's should be really cognizant of - not worried or concerned, but cognizant. If she really does follow through on her words, it has major implications for the US economy and may very well be the catalyst that makes this financial bubble got POP! Enjoy. PS: Oh yeah. Sorry about the echo-e audio.
53 minutes | Jun 9, 2017
139: 7 Technological Disruptors for All Industries and Techies
I am back in the New Class Rising studio after my trip to Phoenix, AZ attending the 2017 Gartner Executive Supply Chain Conference. The conference was a blast with tons of sessions on some of the biggest trends and disruptors in the field of Supply Chain. The theme of this years conference seemed to be focused around things like machine learning, deep learning, big data, sensor fusion, computer vision and many of the other buzz words that are taking the world by storm. Among many of the other sessions, one of my favorite was by John Phillips from PepsiCo. His session was titled "Bits and Bytes that will disrupt your Supply Chain" and in it he shared the 7 biggest trends that are changing the way people do business, consumers shop and retailers stock their shelves. In this episode I share those 7 major disruptors, and as a side not, some of the crazyness going on in "casa de Mises" Show Notes: http://NewClassRising.com/139 Follow me on Twitter: HectorJ_Mises Subscribe on YouTube: New Class Rising Channel
35 minutes | May 22, 2017
138: Swim in Your Own Lane
I am on my way to Phoenix, AZ for a conference, but before I left for the week I wanted to make sure that I sat in and shared this topic which I've had on the mind for the last couple of weeks. During the 2016 summer Olympics, there was a big rivalry between olympic swimmer Michael Phelps had some other dude from South Africa. Tensions were high during the last race that would win Michael Phelps his 23 gold medal before retirement and the South African dude was determined to make sure that he did not win. The most iconic picture of that race is of the South African looking over 2 lanes at Michale Phelps during the last round to see how close Michael was ahead of him. Needless to say, Michael Phelps was focused on the goal at hand and on what he had to do. Do I have to tell you how this ends? Michael goes not o win gold and the South African came in third place. This story is very synonymous with how some of us approach entrepreneurship. On this episode of the show I discuss my own struggle with swimming in my lane but share why it's an absolute must. Show Notes: http://NewClassRising.com/138 Follow me on Twitter: HectorJ_Mises Subscribe on YouTube: New Class Rising Channel
57 minutes | May 15, 2017
137: 3 Reasons Customer Success Management (CSM) is Important in SaaS and Career
The explosion of Membership and Subscription based businesses, driven by customer shopping preferences and advances in technology, over the last five years have begun to redefine how some companies interact with their customer base. Unlike old economy business, where a customer shopped in your store once and you hoped and prayed they returned sometime in the near future, in the new economy [Membership/Subscription] businesses if you don't take a proactive approach to managing customers, you're basically conceding to your competitor. This need proactive manage customers and ensure that they have an easy and stress free user experience has created the need for a new role on the market - the Customer Success Manager. The Customer Success professional market is exploding, so whether you have a vision to start a SaaS based business and want to learn WHY you must leverage a CSM team from the beginning or whether you are not quite ready to make the business jump yet but want to learn CSM, in this episode I discuss: What is Customer Success Management and the (3) emerging building blocks of CSM. (3) reasons why CSM is important for Membership or Subscription based businesses Why CSM is a great career move if you want o start a SaaS in the future. Show Notes: http://NewClassRising.com/137 Follow me on Twitter: HectorJ_Mises Subscribe on YouTube: New Class Rising Channel
47 minutes | Apr 24, 2017
136: 4 Factors the Led to the Membership Economy
Unless you've been living under a rock or spending most of your time in a cave (which wouldn't make sense because how else would you have found this podcast) you've likely noticed that today's consumer economy is largely thriving off of Membership and Subscription based business models. From Netflix to Dollar Shave Club to Amazon Prime and all the way back to Starbucks, even, these businesses have figured out one key thing that many SMBs (Small and Medium sized Businesses) are still missing - if you do not capitalize on customers' need for community and their "every-moment" access to the internet, you're going to lose. Plain and simple. But how did we get here as a consumer society? In this episode, I discuss: the four (4) factors that led to the Membership Economy, and; how you benefit from understanding them.
56 minutes | Apr 11, 2017
135: Venezuela in Crisis: Socialism ALWAYS leads to Communism
Democratic Socialist Venezuela is getting worse by the day, the government took an unprecedented and historic move, that actually was't so unprecedented to those of us who understand what the ultimate goal of socialist societies is. In this episode I talk about: The state of affairs in socialist Venezuela Why I get so worked up when socialism is advocated in any way, anywhere; and, Why you should reject socialist ideas and hold those people who advocate socialism, accountable for the trail of death and destruction that socialism always leaves behind. Crisis in Venezuela - (video ~15 min)
66 minutes | Mar 27, 2017
134: The New Class is Back on the Rise!
It has been 7 months since I released an episode on the New Class Rising podcast, but so much has been going on with myself personally, in the economy, and we obviously now have a new president that I couldn't resist the urge to get back on the show to share my thoughts with all of you loyal Rising Class. In this episode, you'll hear me talk a bit about my prediction of the election of President Trump, the Federal Reserve's more hawkish stance on interest rates since the election of President Trump, and what I have been up to since I stopped producing the show and why I was missing for so long, and finally, what it means for the the show moving on.
81 minutes | Aug 15, 2016
133: The Moral Hazard of the Welfare State
Last week on the show I looked at why the poor are poor in the United States. If you listened to the episode then you know it had nothing to do with their willingness to work, but everything hat the perverse incentives the welfare state offers. In this weeks episode, we take a really hard look at the Welfare State and the dangers that arise as this insidious institution rises. Things you hear are: What is the welfare state? What is a Moral Hazard? The moral hazard of social welfare programs like, Food stamps, Housing subsidies and health care benefits? The moral hazard of the federal student loan programs, like Stafford loans The consequences of the welfare state. Follow me on Twitter: @Hector_Avellan
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