422: Billy McFarland | From Fyre Fest Fiasco to Federal Prison
1 hr 6 min

Billy McFarland co-founded the ill-fated 2017 Fyre Festival, and is currently serving six years in federal prison for defrauding investors of $27.4 million.

What We Discuss with Billy McFarland:

  • The ideas that sparked what Fyre Festival was trying to achieve on an epic scale and the shortcomings that transformed it into a fraudulent, failed mess.
  • The countless things Billy would do differently if he could have a do-over.
  • The numerous ways in which prisons are warehouses of unmet potential.
  • How Billy stays safe and sane when he's in solitary confinement.
  • Billy's biggest regrets and what he hopes to have a chance to accomplish after he's served the time he agrees he deserves.
  • And much more...

Full show notes and resources can be found here: jordanharbinger.com/422

Sign up for Six-Minute Networking -- our free networking and relationship development mini course -- at jordanharbinger.com/course!

Like this show? Please leave us a review here -- even one sentence helps! Consider including your Twitter handle so we can thank you personally!

The Art of Manliness
The Art of Manliness
The Art of Manliness
#665: How Childhood Shapes Adulthood
Ask an adult, especially if they're struggling in life, what caused them to end up the way they did, and they might cite certain factors from their childhood, like having a mother that was too cold. The problem here, of course, is that memories change over time, and narratives about the past develop to fit one's current situation. My guests today work on the kind of research that corrects this problem to figure out how aspects of childhood truly affect adulthood, by studying humans from the time they're babies through middle age and beyond. Their names are Jay Belsky and Terrie Moffitt, and they're professors of human development, and two of the four contributors to The Origins of You: How Childhood Shapes Later Life. To begin our conversation, Jay and Terrie discuss the longitudinal studies they and their colleagues have used to track people over decades of their lives, and how aggressiveness and shyness in childhood end up impacting adulthood. We then discuss the limitations of the famous marshmallow experiment, and what these more expansive longitudinal studies have shown about the importance of self-control in achieving a successful adulthood. We unpack whether the negative outcomes associated with being bullied in childhood are inevitable, who's most likely to become a bully, and who's most likely to be bullied (which as it turns out, isn't a matter of being fat or wearing glasses). We discuss how children who act out in childhood, but avoid making certain mistakes in adolescence, can still turn out okay, and why you probably shouldn't worry about children who were good kids, but get into a little trouble in their teen years. We also dig into the impact that childcare has on kids, and the role that genes play in development. We end our conversation with some allowance-related ideas for cultivating greater self-control in your kids.  Get the show notes at aom.is/childhood. See omnystudio.com/listener for privacy information.
55 min
The Peter Attia Drive
The Peter Attia Drive
Peter Attia, MD
#139 - Kristin Neff, Ph.D.: The power of self-compassion
Kristin Neff is a Professor of Educational Psychology at the University of Texas, author, and a leading expert on mindful self-compassion. In this episode, she shares how developing a self-compassion and mindfulness practice was the most effective tool for relieving her own suffering, and provides strategies and tactics to improve self-compassion and well-being. We discuss: * The life crisis that turned Kristin to mindfulness and self-compassion (3:30); * How mindful self-compassion relieved Kristin’s feelings of self-judgement, and the psychology that says we all have the capacity for self-compassion (9:45); * Peter’s history of self-criticism and his personal practice of self-compassion (17:15); * The problem with prioritizing self-esteem over self-compassion, and how self-compassion produces a more stable version of self-worth (20:15); * An argument for self-compassion over self-criticism for optimizing performance (26:15); * How and when to introduce self-compassion to children (31:45); * Learning her son had autism—a personal story of how Kristin used mindfulness and self-compassion (36:45); * Self-compassion for cases of childhood trauma, PTSD, and overcoming a “fear of compassion” (44:00); * The relationship between self-compassion and physical health (49:30); * Distinguishing between self-compassion and self-pity, and the three necessary components self-compassion (52:30); * Why self-criticism comes from a desire to be safe, the circular pattern of self-judgment, and self-compassion as the ultimate motivator (55:45); * Potential role of a self-compassion practice for addiction and other maladaptive behaviors (58:45); * Clinical applications and practical uses of self-compassion (1:01:30); * Why you don’t need to meditate to learn mindfulness and self-compassion (1:04:45); * Kristin’s personal meditation practice (1:08:40); * Resources for learning self-compassion (1:11:45); and * More. Learn more: https://peterattiamd.com/ Show notes page for this episode: https://peterattiamd.com/kristinneff Subscribe to receive exclusive subscriber-only content: https://peterattiamd.com/subscribe/ Sign up to receive Peter's email newsletter: https://peterattiamd.com/newsletter/ Connect with Peter on _Faceboo__k_ | _Twitter_ | _Instagram_.
1 hr 17 min
The Tim Ferriss Show
The Tim Ferriss Show
Tim Ferriss: Bestselling Author, Human Guinea Pig
#483: Jim Collins — The Return of a Reclusive Polymath
Jim Collins — The Return of a Reclusive Polymath | Brought to you by GiveWell.org world’s top research on charities and effective giving, Tonal smart home gym, and Wealthfront automated investing. More on all three below. Jim Collins (jimcollins.com) is a student and teacher of what makes great companies tick and a Socratic advisor to leaders in the business and social sectors. Having invested more than a quarter-century in rigorous research, he has authored or co-authored six books that have sold in total more than 10 million copies worldwide. They include Good to Great, the #1 bestseller that examines why some companies make the leap to superior results, and its companion work Good to Great and the Social Sectors; the enduring classic Built to Last, which explores how some leaders build companies that remain visionary for generations; How the Mighty Fall, which delves into how once-great companies can self-destruct; and Great by Choice, which is about thriving in chaos—why some do and others don’t. And now he’s updating his debut book, Beyond Entrepreneurship, for the 21st century. Beyond Entrepreneurship 2.0: Turning Your Business into an Enduring Great Company is now available. Please enjoy this round two with Jim Collins! (And if you haven’t already, make sure to check out round one here.) * This episode is brought to you by Tonal! Tonal is the world’s most intelligent home gym and personal trainer. It is precision engineered and designed to be the world’s most advanced strength studio. Tonal uses breakthrough technology—like adaptive digital weights and A.I. learning—together with the best experts in resistance training so you get stronger, faster. Every program is personalized to your body using A.I., and smart features check your form in real time, just like a personal trainer. Try Tonal, the world’s smartest home gym, for 30 days in your home, and if you don’t love it, you can return it for a full refund. Visit Tonal.com for $250 off your Tonal purchase! * This episode is also brought to you by GiveWell.org! For over ten years GiveWell.org has helped donors find the charities and projects that save and improve lives most per dollar. Here’s how: GiveWell dedicates over twenty thousand hours a year to researching charitable organizations and hand-picks a few of the highest-impact, evidence-backed charities. Since 2010, GiveWell has helped over 50,000 donors direct over 500 million dollars to the most effective charities. Most importantly, these donations will save over 75,000 lives and improve the lives of millions more. This year, support the charities that save and improve lives most, with GiveWell. Any of my listeners who become new GiveWell donors will have their first donation matched up to $250 when you go to GiveWell dot org/Tim and select “PODCAST” and “Tim Ferriss” at checkout. * This episode is also brought to you by Wealthfront! Wealthfront pioneered the automated investing movement, sometimes referred to as ‘robo-advising,’ and they currently oversee $20 billion of assets for their clients. It takes about three minutes to sign up, and then Wealthfront will build you a globally diversified portfolio of ETFs based on your risk appetite and manage it for you at an incredibly low cost.  Smart investing should not feel like a rollercoaster ride. Let the professionals do the work for you. Go to Wealthfront.com/Tim and open a Wealthfront account today, and you’ll get your first $5,000 managed for free, for life. Wealthfront will automate your investments for the long term. Get started today at Wealthfront.com/Tim. *** If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. I also love reading the reviews! For show notes and past guests, please visit tim.blog/podcast. Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday. For transcripts of episodes, go to tim.blog/transcripts. Discover Tim’s books: tim.blog/books. Follow Tim: Twitter: twitter.com/tferriss  Instagram: instagram.com/timferriss Facebook: facebook.com/timferriss  YouTube: youtube.com/timferriss
2 hr 46 min
The Abundant Edge
The Abundant Edge
Abundant Edge
Working with nature to build soil health, with Robert Pavlis
After last week’s session with Matt Powers, I want to add a second perspective on soil and the new science behind how we can restore it to health in our own gardens. For that perspective I got back in touch with Robert Pavlis who was first on this show a few seasons ago to talk about building natural ponds. Robert has been an avid gardener for over four decades. He is the owner and developer of Aspen Grove Gardens, a 6-acre botanical garden that features over 3,000 varieties of plants. As a specialist in soil science, he has been an instructor for Landscape Ontario and is a garden blogger, writer, and chemist. He teaches gardening fundamentals at the University of Guelph and garden design for the City of Guelph, Ontario, where he lives. One of the things I most appreciate about Robert’s work is that he’s not afraid to challenge any entrenched gardening belief or myth. He is always looking to get to the bottom of what helps plants to grow and what’s just marketing scams.  In this episode we really dive in deep on the fundamentals of soil composition and understanding the nutrients that plants need to thrive. We talk about looking at soil as an ecosystem unto itself rather than a living material, and why striving for ideal soil is not as important as making sure that you have the components necessary for the life inside it.  Robert also helps me to understand what happens in the ground after tillage, mulching, and other amendments. We go over simple tests you can do to diagnose your soil without special equipment or needing to pay for laboratory testing, and by the end, how to use the results of those tests to develop your own personalized soil plan.  This episode alone is like a short but thorough course on soil health, so you might want to keep a notebook handy.  For those of you who want to really expand your knowledge on soil science, I’ve teamed up with New Society Publishers to give away a free copy of this book. If you want to win a copy of Soil Science for Gardeners, just message me through our dedicated facebook group called Abundant Edge weekly regenerative skills and write a post about why you want to amend the soil on your site. I’ll select a winner one week after this episode comes out and send a hard copy of the book to you if you live in the US or Canada or a digital copy if you live anywhere else in the world. It’s that simple, plus you’ll be joining an incredible group of listeners like you who are sharing their regenerative living journey and learning experiences with the community.  Resources: https://abundantedge.com/abundantedge-robert-pavlis/ https://www.youtube.com/channel/UCJfYCNSWCIuOB2sltDh5ZjQ https://www.robertpavlis.com/books/ https://www.gardenmyths.com/ https://www.gardenmyths.com/garden-myths-book-1/ https://newsociety.com/books/s/soil-science-for-gardeners https://www.atitlanorganics.com/online-permaculture-design-certification
1 hr 17 min
How to Money
How to Money
iHeartRadio
Do I Need a Perfect Credit Score? #287
Everyone knows that it’s good to have a high credit score- it’s true, but what is high enough? It can be tempting to spend an inordinate amount of time in pursuit of the perfect score, but we’re here to let you know that it’s a waste of time and energy. You’ll find that chasing after the elusive 850 will likely leave you feeling disillusioned, IF you even achieve it. There’s no pot of gold at the end of that rainbow! Yet, our credit scores impact a lot of different areas of our lives. They truly are important and they deserve our attention! So during this episode we talk about what we feel is a healthy credit score, where to track your score for free, as well as some actionable tips in order to raise it. Just don’t get sucked into the trap of thinking you need a perfect credit score. During this episode we both enjoyed a Nuclear Seahorse by Booneshine Brewing - thanks for donating this one to the show Christopher! And as we’ve ramped up the podcast with an additional Friday episode every week, we could really use your help to spread the word- let friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money in these difficult times! Best friends out! Learn more about your ad-choices at https://news.iheart.com/podcast-advertisers
40 min
ChooseFI
ChooseFI
The Unstuck Network
274 | Tax Planning 2020 | Sean Mullaney
* It's end-of-year tax planning time. As you get further along in your financial independence journey, there are likely more end-of-year tax planning items you'll need to be aware of. Having a checklist to review annually is useful. * It's been an unusual year and December is that time to begin making end-of-year tax considerations. In addition to the normal checklist, there may be additional items to consider in this remarkably different year. * Sean Mullaney says unique to 2020 are Roth conversions. While Roth conversions should be on the checklist every year, this year there was a much greater chance of diminished income which may provide the opportunity to make Roth conversions in a lower marginal income tax bracket. * In any year when income is much lower than it normally is, Roth conversions would be at the top of your mind. The deadline is December 31 and there are no extensions. * While complex situations may benefit from professional consultations, anyone with mostly W2 income can find their tax brackets online. If your income has dropped from 22-24% to 10-12%, locking in a Roth conversation at that lower rate is effective tax planning. * A Roth conversion is when you go into a traditional IRA account and convert it to a Roth IRA. This is a taxable event, but you are intentionally choosing it because you are in a lower tax bracket for the year rather than convert or withdraw funds in a letter year when your income is higher and the taxes will be higher. * How much money should be converted to a Roth IRA? Sean says he has never encountered a client who has had too much money in a Roth IRA. While the action is irrevocable, there is no penalty for converting too much. If a portion of the conversation is taxed at 22%, it is not the most efficient conversion, but your future self will likely still be quite happy that you did it. * Some employers allow for Roth conversions within their 401K plans. * The deadlines for completing some of these end-of-year tax planning checklist times vary. Solo 401Ks and qualified business income tax deductions should be completed as soon as possible. * In addition to Roth conversions, another item with a Dec 31 deadline is charitable contributions. * Checklist items with an April 15 deadline are traditional IRA, Roth IRA, and health savings account contributions. * A good rule of thumb is individual tax accounts have a tax return deadline, not an end-of-year deadline. * The reason solo 401Ks have an “as soon as possible” deadline is that unlike IRAs, solo 401Ks require more time and paperwork to do. It may not be necessary to have it funded by Dec 31, but you'll want it set up and have a well-documented game plan. S-corps do have to fund the employee-side by the end of the year. * The first item on Sean‘s checklist is charitable contributions. With that category are two options to consider, a donor-advised fund if you plan to itemize deductions this year, or regular year-end charitable contributions. * If you don't plan on itemizing, in 2020 up to $300 per tax return make be taken as a charitable contribution against your adjusted gross income. * Another checklist item to be completed by the year's end are small business expenses since they are deducted when paid for, not when accrued. Businesses who have had a good 2020 may want to accelerate these payments to get the deduction this year. While businesses that have struggled in 2020 may want to hold off making payments until 2021. * In response to a question from Brad regarding credit cards, Sean confirmed that credit cards work on a cash basis so the deduction takes place in the same in which the credit card was used, not when the credit card bill was paid. * Paying bills with a check becomes a little trickier as you may need to prove to the IRS that the check was written and mailed on a business day prior to Dec 31 even if the vendor does not deposit the check until January of the following year. * A backdoor Roth IRA applies when your income is too high to contribute to a regular Roth IRA. If you've done a backdoor Roth IRA in 2020, don't roll over any 401Ks, 403Bs, or 457s into tractional IRAs before Dec 31, wait until Jan 1 so it's not complicated by the pro-rata rule. * To clean your investments up before leveraging the backdoor Roth technique, try and roll traditional IRA accounts into a new employer's 401K plan. Then implement the backdoor Roth IRA which may be done by April 15. * Sean has a blog post describing the process to get clean with traditional IRAs before doing a backdoor Roth IRA. * Tax-gain and tax-loss harvesting are also both Dec 31 deadlines. The stocks need to be sold by the end of the year. With tax-loss harvesting, you may not repurchase those securities within 30 days before or after the sale to comply with the wash sale rule. * If you're in the 12% marginal federal income tax rate or lower, the capital gains rate today is 0%. You may want to sell stocks to diversify your portfolio or sell and rebuy the same stock to realize the large capital gain and reset your basis without paying federal income tax. Unlike tax-loss harvesting, there are no timing considerations to make when repurchasing the same stock with tax-gain harvesting. * State income taxes may not favor capital gains in the same way the federal tax does. * Keeping all of the rules and impacts of buying and selling straight can be confusing and time-consuming. It is helpful to keep your tax records as clean as possible by doing everything in a specific account for this purpose. Sean states that tax-loss harvesting should be a tactic and not a goal occurring only in years where you are down. * State tax considerations to be mindful of are fourth quarter estimated tax payments and deduction planning. In California for example, it may be beneficial to take the standard federal deduction and itemize to take advantage of the state property deduction, possibly even pre-paying on property taxes. * A FI framework allows you to play from a position of strength. The financial independence community can take advantage of timing their payments for certain things and make strategic decisions because they don't have the same issues with cashflow that people on a traditional path might have. * While many in the financial independence community may be too young to think about required minimum distributions (RMD), it's good information to review for future planning. * RMDs apply to all retirement accounts except Roth IRAs. Starting at age 72, minimum distributions will be required by Dec 31 or there is a penalty. However, in 2020, they have been canceled and you may want to convert it into a Roth. * When you inherit an IRA, it doesn't matter how old you are. You are subject to an RMD or a 10-year rule. It would be wise to consult a tax professional when inheriting a sizable IRA. * With an inherited Roth IRA, the account will have to be emptied within 10 years following the death of the original owner. Different rules may apply to eligible designated beneficiaries who may have RMDs instead. * An adult who inherits a traditional IRA has a tax issue and probably will need professional assistance wit * The year-end is a good time to update beneficiary designation forms. Financial institution accounts are governed by the beneficiary designation forms, not wills or trusts, so it's important to ensure these are up-t0-date. * Year-end tax planning is great, but Sean likes long-term strategic tax planning to minimize your total tax over your lifetime. January is a great time to start long-term planning. As always, the discussion is general and educational in nature and does not constitute tax, investment, legal, or financial advice with respect to any particular taxpayer. Please consult your own advisors regarding your own unique situation. Resources Mentioned In Today's Conversation * Register for The Simple Startup Winter…
54 min
Regenerative Agriculture Podcast
Regenerative Agriculture Podcast
John Kempf
Reversing Soil Degradation with Dwayne Beck
Dr. Dwayne Beck is well known for being one of the pioneers of no-till agriculture in central South Dakota and across the High Plains. For more than three decades, Dr. Beck has been creating comprehensive systems for both irrigated and dryland crop production throughout the region, educating growers on the power of crop rotation, diversity, and other regenerative practices. He currently serves as the Research Manager at the Dakota Lakes Research Farm, a non-profit made up of farmers committed to sustainable land practices. On today’s episode, John and Dwayne discuss: * Dwayne’s background and his earlier work assisting local growers with their irrigation systems * The continuing decline of the Ogallala Aquifer and how water infiltration can be improved by implementing no-till agricultural practices. * Addressing the often-overlooked aspects of irrigation, such as percolation and water delivery, and how it affects soil health. * Dwayne’s observations on lake bottom soils, the power of macropores, and the prevalence of summer fallowing in the High Plains. * Utilizing de-percolation strategies to maintain proper nutrient levels in your soil. * Using competition, sanitation, and rotation to control weeds, diseases and insects. * Dwayne’s historical research on nutrient cycling and fertilizer placement. * Dwayne offers up a broader historical perspective on how agriculture, human nature, and mother nature work together. * A discussion on why moving to no-till options for all crops including potatoes, carrots and sugar beets are engineering and genetics problems. * The shared vision, but much different methods, between regenerative agriculture vs. organic agriculture.
1 hr 16 min
In Search of Soil
In Search of Soil
Diego Footer
Full Show: Dr. Buz Kloot - Soil Nutrients | In Search of Soil #8
What if your soil test just came back and all of a sudden someone tells you that your soil’s nutrient values will stay consistent regardless of whether or not you put amendments? It’s understandable that you would find that hard to believe. You’d probably ask, where is it coming from and where does it go? Today, we’re talking to Dr. Buz Kloot of Soil Health Lab to talk about just that. Dr. Buz Kloot began his professional career as a chemical engineer. He then joined the University of South Carolina in 1999 and has since worked on various projects on agriculture and environmental quality. His passion for soil health brings him to work closely and collaboratively with farmers. More on Buz: https://soilhealthlabs.com/ WATCH FULL EPISODES YouTube https://bit.ly/watchISOS Follow Diego @diegofooter - https://www.instagram.com/diegofooter In this episode of In Search of Soil * How Dr. Kloot’s background in chemical engineering helped him with his research in the soil space (01:52) * Meeting Ray Archuleta changed how Dr. Kloot saw soil (03:17) * The pros and cons of coming into soil science without a soil science background (03:55) * The biggest mistake Dr. Kloot made that helped him advance his knowledge (05:44) * Dr. Kloot’s view on the importance of soil micronutrients for plant growth (08:14) * The argument of adding micronutrient and macronutrient amendment to the soil (10:20) * Where the soil potassium comes from when you’re not applying it (13:54) * The potential of clay soils and the biology (16:31) * Soil testing: is it really beneficial despite the lack of information of the soil biology? (18:22) * The value of soil tests is based on calibrated returns (20:57) * Outdated soil recommendations from half a decade ago (23:15) * The possibility and plausibility of going farming with zero chemical amendments (23:20) * The caveat is needing to build your soil first (24:48) * Do we have a better understanding of aquatic systems than soil systems? (27:05) * The five principles of soil health (29:34) * Keep disturbance to a minimum (31:05) * Keep the soil covered with a living canopy (31:15) * Keep a live root in the soil all year round (31:35) * Keep diversity, diversity, diversity (32:30) * Integrate livestock back into your system (33:12) * What ticks 3 boxes all at once: multispecies cover crops (33:52) * A case study of practicing multispecies cover crops (35:45) * Jason Carter’s cover crop trial (36:12) * Farmers’ concerns on why they wouldn’t grow cover crops (42:00) * The potential added costs (43:35) * Planting into the residue (45:00) * Let’s be intelligent about choosing cover crops (46:52) * Emulating hoof action of animals with a Phillips Harrow (47:27) * The potential soil damage that comes from chemical herbicide (50:58) * Francis Chaboussou: the excess nitrogen we use make plants tastier for pests (53:09) * Tillage or herbicides: which would cause less damage (55:02) * The Holy Grail of terminating cover crops: no tillage, no herbicides (57:18) * Choosing between a single species of cover crop that terminates easily mechanically or a multispecies cover crop that is tricky to terminate (58:20) * The why and how behind the steady levels of phosphorus, nitrogen, and potassium in the soil (59:37) * The idea of looking more into plant tissues to determine soil health (01:02:58) * Looking at plant sap analysis rather than plant tissue analysis (01:05:25) * Where foliar fertilization comes into the context (01:06:40) * Foliar feeding versus root feeding via soil drenching (01:08:24) * Growing a perennial-type cover crop and keeping it alive (01:09:47) * Dr. Kloot’s opinion on seeds co-existing with cash crops (01:12:05) * Looking at weeds from an academic standpoint (01:15:27) * What we need is a better ecological understanding of weeds (01:16:16) * Anecdotes of no-till farms with no weeds (01:17:38) * Weeds aren’t there to rectify the problem (01:20:00) * The true interests of weeds (01:21:00) * Weeds don’t form mycorrhizal relationships in the roots—they form them aboveground (01:22:18) * Cation exchange capacity and what it actually means (01:23:35) * Tackling experiments and ventures that don’t yield the expected results (01:27:28) * Be mindful of your context (01:30:15)
1 hr 34 min
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