Profit First with Michael Michalowciz Podcast! @BrofessionalDevelopment

Brofessional Development Changing your business from a logical to a behavioral model.

Apple Podcasts: podcasts.apple.com/us/podcast/brofessional-development-podcast/id1525013123

Spotify: open.spotify.com/show/18Mm3zIWLUl3vdAj0zBYH

Our Website: www.brofessionaldevelopment.com

Every entrepreneur starts their business aiming for financial or personal freedom. However, few entrepreneurs get to achieve this. The problem is not them but the logical models used in running the business. Changing these logical models into behavioral models like profit first can get your business to the next level. If you're aiming towards changing your business culture, models, and strategies, this episode is for you.
In this episode of the Brofessional development podcast, we interview Michael Michalowciz is an entrepreneur, business maker on Amazon, and a popular speaker on innovative entrepreneurial topics. He is also a former host of the “Business Rescue” segment for MSNBC’S Your business and an American author. His business books include Get Different, Clockwork, The Toilet Paper Entrepreneur, The Pumpkin Plan, Surge, Fix This Next, and Profit First.

About the book Profit First
Profit First is Mike’s best-selling book, audio, and video format. The book is inspired by some of his failures, successes, interviews with different entrepreneurs, and comments from his fellow entrepreneurs.
Mike explains the business owner’s two aims while getting into the business in this book. That is personal and financial freedom. In personal freedom, the entrepreneur is always looking for a way to do things on their own time, while in financial freedom, the business owner is looking for a way to get his bills paid. Unfortunately, this does not happen for most businesses, and entrepreneurs keep questioning what is wrong with them. However, the problem is not the individual but the foundation formula, Sales minus expenses equals revenue.
The foundation level formula is logical but not behavioral. You need to always put your profit first. That is, take 3-10% of your profit, hide the cash and operate the business on the remaining revenue.
“ According to human behaviour, once you put something last it is not important. For instance, I love my family, I put them last.”

Consider changing the formula to Sales minus profit equals expenses. Taking your profit first will permanent profitability in your business.

Cause of business failure
Having failed in two of his previous businesses, Michalowciz learned a few processes and habits that could lead to business failure.
One of the major failures in any business is the lack of a good profit system. In every single transaction, there must be a profit. Profit is not an event like just one big transaction, but it is a habit. Once you learn to put a little more every day, the profit becomes sustainable.
Some business owners might think that more sales automatically means more profit for the business. It is never the case. Sales cause stress in an organization since your obligation increases. You will need more resources and workforce. Hence, you need to strike a balance by having a sound profit system.

The turning point from employment to entrepreneurship
Like most college graduates, Mike anticipated getting a job immediately after graduating. When he didn’t get one, Mike went home to work in a local computer shop.
However, Mike could not understand the logic of why someone would just sit around and make everything while he earns the sweat. This was Michalowciz's turning point. He texted his boss an FU** message while drunk and lost his job the following day.
Mike burns the bridges and with a young family in his early 20’s depending on him, there is no shortcut but being successful in business.

Business Culture
Every small business needs to actively define its business culture by recording the rules and adhering to them. You could be best friends with your employees but you still need to get your work done.
A well-defined business culture helps you to draw the line with your employees. It is also a reference point when you are at a crossroads with your customers. If a client cannot adhere to the rules, you can get rid of them. A bad customer distracts you from serving good customers, and even though you might experience short-term financial loss, it might return tenfold. On the other hand, once you let your clients know they are crossing the line and ready to terminate your services, they might change to good customers.

LISTEN TO MICHAEL MICHALOWCIZ FULL EPISODE ON:

Apple Podcasts: podcasts.apple.com/us/podcast/brofessional-development-podcast/id1525013123
Spotify: open.spotify.com/show/18Mm3zIWLUl3vdAj0zBYH
Our Website: www.brofessionaldevelopment.com

updated 2 years ago

Profit First with Michael Michalowciz Podcast!

Brofessional Development 2021-12-07 | Changing your business from a logical to a behavioral model.

Apple Podcasts: podcasts.apple.com/us/podcast/brofessional-development-podcast/id1525013123

Spotify: open.spotify.com/show/18Mm3zIWLUl3vdAj0zBYH

Our Website: www.brofessionaldevelopment.com

Every entrepreneur starts their business aiming for financial or personal freedom. However, few entrepreneurs get to achieve this. The problem is not them but the logical models used in running the business. Changing these logical models into behavioral models like profit first can get your business to the next level. If you're aiming towards changing your business culture, models, and strategies, this episode is for you.
In this episode of the Brofessional development podcast, we interview Michael Michalowciz is an entrepreneur, business maker on Amazon, and a popular speaker on innovative entrepreneurial topics. He is also a former host of the “Business Rescue” segment for MSNBC’S Your business and an American author. His business books include Get Different, Clockwork, The Toilet Paper Entrepreneur, The Pumpkin Plan, Surge, Fix This Next, and Profit First.

About the book Profit First
Profit First is Mike’s best-selling book, audio, and video format. The book is inspired by some of his failures, successes, interviews with different entrepreneurs, and comments from his fellow entrepreneurs.
Mike explains the business owner’s two aims while getting into the business in this book. That is personal and financial freedom. In personal freedom, the entrepreneur is always looking for a way to do things on their own time, while in financial freedom, the business owner is looking for a way to get his bills paid. Unfortunately, this does not happen for most businesses, and entrepreneurs keep questioning what is wrong with them. However, the problem is not the individual but the foundation formula, Sales minus expenses equals revenue.
The foundation level formula is logical but not behavioral. You need to always put your profit first. That is, take 3-10% of your profit, hide the cash and operate the business on the remaining revenue.
“ According to human behaviour, once you put something last it is not important. For instance, I love my family, I put them last.”

Consider changing the formula to Sales minus profit equals expenses. Taking your profit first will permanent profitability in your business.

Cause of business failure
Having failed in two of his previous businesses, Michalowciz learned a few processes and habits that could lead to business failure.
One of the major failures in any business is the lack of a good profit system. In every single transaction, there must be a profit. Profit is not an event like just one big transaction, but it is a habit. Once you learn to put a little more every day, the profit becomes sustainable.
Some business owners might think that more sales automatically means more profit for the business. It is never the case. Sales cause stress in an organization since your obligation increases. You will need more resources and workforce. Hence, you need to strike a balance by having a sound profit system.

The turning point from employment to entrepreneurship
Like most college graduates, Mike anticipated getting a job immediately after graduating. When he didn’t get one, Mike went home to work in a local computer shop.
However, Mike could not understand the logic of why someone would just sit around and make everything while he earns the sweat. This was Michalowciz's turning point. He texted his boss an FU** message while drunk and lost his job the following day.
Mike burns the bridges and with a young family in his early 20’s depending on him, there is no shortcut but being successful in business.

Business Culture
Every small business needs to actively define its business culture by recording the rules and adhering to them. You could be best friends with your employees but you still need to get your work done.
A well-defined business culture helps you to draw the line with your employees. It is also a reference point when you are at a crossroads with your customers. If a client cannot adhere to the rules, you can get rid of them. A bad customer distracts you from serving good customers, and even though you might experience short-term financial loss, it might return tenfold. On the other hand, once you let your clients know they are crossing the line and ready to terminate your services, they might change to good customers.

LISTEN TO MICHAEL MICHALOWCIZ FULL EPISODE ON:

Apple Podcasts: podcasts.apple.com/us/podcast/brofessional-development-podcast/id1525013123
Spotify: open.spotify.com/show/18Mm3zIWLUl3vdAj0zBYH
Our Website: www.brofessionaldevelopment.com

Talking about Startups in St Louis

Brofessional Development 2022-09-13 | Startups in st louis

St Louis is a good place for startups and entrepreneurs for several reasons - the low cost of living and running a business, there are universities, it’s easy to get hold of people in St Louis.

Since 2014, VC deals have gone from $2.7m up to $12m last year. Last year’s record high investment statistic is probably thanks to the low interest rate. We expect the number to be lower this year because of the rising interest rates and the companies have been laying off staff to remain profitable.

Exits in St Louis haven’t been hugely impressive. From a PR standpoint, it helps to have an exit, but having well-run businesses in St Louis would be better from an investment standpoint.

The unfortunate situation in St Louis is that many businesses end up leaving to other parts of the country for better opportunities.

The worrying part of remote work is that employees would rather work from Austin or Silicon Valley, so startups in St Louis end up incubating more startups.

Brofessional Development Podcast is hosted by St. Louis Business Owners Bobby Drummond, Brad Loyet, Dan Greiner, and Matt Kresko!

Follow us on Instagram: www.instagram.com/brofessionaldevelopment Facebook: www.facebook.com/brofessionaldevelopment Twitter: www.twitter.com/brofessionald

Listen to the Brofessional Development podcast on:

Our Website: www.brofessionaldevelopment.com

Apple Podcasts: podcasts.apple.com/us/podcast/brofessional-development-podcast/id1525013123

Spotify: open.spotify.com/show/18Mm3zIWLUl3vdAj0zBYHj Our Businesses:

Brad Loyet: www.bpfabshop.com www.bloyet.com Dan Greiner: www.fullcircleplacements.com Nathan Rubbelke www.bizjournals.com/stlouis www.bizjournals.com/stlouis/inno

St. Louis Startup Scene with St. Louis Business Journal!

Brofessional Development 2022-09-12 | STARTUPS IN ST LOUIS
St Louis is a good place for startups and entrepreneurs for several reasons - the low cost of living and running a business, there are universities, it’s easy to get hold of people in St Louis.
Since 2014, VC deals have gone from $2.7m up to $12m last year. Last year’s record high investment statistic is probably thanks to the low interest rate. We expect the number to be lower this year because of the rising interest rates and the companies have been laying off staff to remain profitable.
Exits in St Louis haven’t been hugely impressive. From a PR standpoint, it helps to have an exit, but having well-run businesses in St Louis would be better from an investment standpoint.
The unfortunate situation in St Louis is that many businesses end up leaving to other parts of the country for better opportunities.
The worrying part of remote work is that employees would rather work from Austin or Silicon Valley, so startups in St Louis end up incubating more startups.

Brofessional Development Podcast is hosted by St. Louis Business Owners Bobby Drummond, Brad Loyet, Dan Greiner, and Matt Kresko!

Follow us on Instagram: www.instagram.com/brofessionaldevelopment
Facebook: www.facebook.com/brofessionaldevelopment
Twitter: www.twitter.com/brofessionald

Listen to the Brofessional Development podcast on:
Our Website: www.brofessionaldevelopment.com
Apple Podcasts: podcasts.apple.com/us/podcast/brofessional-development-podcast/id1525013123
Spotify: open.spotify.com/show/18Mm3zIWLUl3vdAj0zBYHj

Our Businesses:

Brad Loyet:
www.bpfabshop.com
www.bloyet.com

Dan Greiner:
www.fullcircleplacements.com

Nathan Rubbelke
www.bizjournals.com/stlouis
www.bizjournals.com/stlouis/inno

Netflix turns 25, Record Baseball Card Sale, 1/3 of LinkedIN Profiles have FALSE information!

Brofessional Development 2022-09-08 | Join us this week on the Brofessional Development Podcast as Brad Loyet and Dan Greiner sit down with Nathan Rubbelke from the St. Louis Business Journal.

We break down some of the most recent current events going on in the world right now.

Netflix believe it or not has turned 25 years old and has over 220 million subscribers! Who can remember getting their first DVD in the mail from Netflix!

A basebal card of Mickey Mantles rookie year in 1952 sells for a record 12.6 million dollars setting a new record beating out a 9.3 million dollar jersey of Diego Maradona!

How updated is your LinkedIN profile, and is it accurate? Eric Ly, the co founder of LinkedIN has created a new business called KarmaCheck that has found 1/3 of all LinkedIN profiles contain false information!

Also a mission back to the moon has been delayed in what is a huge test for Boeing as NASA attempts to set foot back on the moon yet again!

Links

Follow us on Instagram: www.instagram.com/brofessionaldevelopment
Facebook: www.facebook.com/brofessionaldevelopment
Twitter: www.twitter.com/brofessionald
Listen to the Brofessional podcast on:
Our Website: www.brofessionaldevelopment.com
Apple Podcasts: podcasts.apple.com/us/podcast/brofessional-development-podcast/id1525013123
Spotify: open.spotify.com/show/18Mm3zIWLUl3vdAj0zBYHj

Our Businesses:
Brad Loyet:
www.bpfabshop.com
www.bloyet.com

Dan Greiner:
www.fullcircleplacements.com

Nathan Rubbelke
www.bizjournals.com/stlouis
www.bizjournals.com/stlouis/inno

Netflix turns 25, Record Baseball Card Sale, and almost half of LinkedIN Profiles have false...

Women Entrepreneur Jillian Tedesco on her Business Journey

Brofessional Development 2022-09-02 | Join us on the Brofessional Development Podcast this week as we sit down with Jillian Tedesco of FitFlavors!

We talk about Jillians journey from losing a business to rebuilding a multi million dollar healthy meal business.

With her husband by her side and the support from him and her faith she has taken the St. Louis Area by storm!

From cooking meals out of her personal kitchen in her house to expanding to multiply facilities to keep up with demand FitFlavors is sure to be a staple for years to come!

Tune in and learn some of her secrets to success!

Follow us on Instagram: www.instagram.com/brofessionaldevelopment

Facebook: www.facebook.com/brofessionaldevelopment

Twitter: www.twitter.com/brofessionald

Listen to the Brofessional Development Podcast on:

Our Website: www.brofessionaldevelopment.com

Apple Podcasts: podcasts.apple.com/us/podcast/brofessional-development-podcast/id1525013123

Spotify: open.spotify.com/show/18Mm3zIWLUl3vdAj0zBYHj

Brofessional Development Podcast is hosted by St. Louis Business Owners Bobby Drummond, Brad Loyet, Dan Greiner, and Matt Kresko!

Our Businesses:

Brad Loyet:

www.bpfabshop.com

www.bloyet.com

Dan Greiner:

fullcircleplacements.com

Is a business coach worth it? #fyp #shorts #motivation #business #businesscoach #money

Brofessional Development 2022-09-02 | Follow us on Instagram: www.instagram.com/brofessionaldevelopment
Facebook: www.facebook.com/brofessionaldevelopment
Twitter: www.twitter.com/brofessionald
Listen to the Brofessional Development Podcast on:
Our Website: www.brofessionaldevelopment.com
Apple Podcasts: podcasts.apple.com/us/podcast/brofessional-development-podcast/id1525013123
Spotify: open.spotify.com/show/18Mm3zIWLUl3vdAj0zBYHj

Brofessional Development Podcast is hosted by St. Louis Business Owners Bobby Drummond, Brad Loyet, Dan Greiner, and Matt Kresko!

Follow your passion and results will follow! #fyp #motivation #podcast #podcastclips

Brofessional Development 2022-09-01 | ...

Jillian Tedesco in Studio with the Brofessional Development!

Brofessional Development 2022-08-31 | Follow us on Instagram: www.instagram.com/brofessionaldevelopment
Facebook: www.facebook.com/brofessionaldevelopment
Twitter: www.twitter.com/brofessionald
Listen to the Brofessional Development Podcast on:
Our Website: www.brofessionaldevelopment.com
Apple Podcasts: podcasts.apple.com/us/podcast/brofessional-development-podcast/id1525013123
Spotify: open.spotify.com/show/18Mm3zIWLUl3vdAj0zBYHj

Brofessional Development Podcast is hosted by St. Louis Business Owners Bobby Drummond, Brad Loyet, Dan Greiner, and Matt Kresko!

Why you should be using short form video content! #fyp #shorts #motivation #podcast #millionaire

Brofessional Development 2022-08-29 | ...

What’s your excuse? Anyone can be successful! #fyp #shorts #motivation #howtomakemoney #wealth

Brofessional Development 2022-08-26 | ...

Stop Making Excuses of Why YOU CANT DO SOMETHING! #lifeadvice #FYP #successmotivation #shorts

Brofessional Development 2022-08-25 | Follow us on Instagram: www.instagram.com/brofessionaldevelopment
Facebook: www.facebook.com/brofessionaldevelopment
Twitter: www.twitter.com/brofessionald
Listen to the Brofessional Development Podcast on:
Our Website: www.brofessionaldevelopment.com
Apple Podcasts: podcasts.apple.com/us/podcast/brofessional-development-podcast/id1525013123
Spotify: open.spotify.com/show/18Mm3zIWLUl3vdAj0zBYHj

Brofessional Development Podcast is hosted by St. Louis Business Owners Bobby Drummond, Brad Loyet, Dan Greiner, and Matt Kresko!

Is it to late to change career paths?

Brofessional Development 2022-08-25 | This week on the Brofessional Development Podcast

Matt Kresko and Brad Loyet dig into if it is ever to late to change career paths. Advice on how to approach the situation if you find yourself unhappy in your career. When and how to make that change and chase the happiness that you strive for!

Listen to this weeks episode and find the courage to chase your dreams and start a career you love!

What’s harder about changing careers? #careerchange #fyp #careeradvice #podcast #motivation #money

Brofessional Development 2022-08-25 | ...

Restaurants dealing with Recession and Thriving! #recession #restaurant #fyp #news #interesting

Brofessional Development 2022-08-24 | Follow us on Instagram: www.instagram.com/brofessionaldevelopment
Facebook: www.facebook.com/brofessionaldevelopment
Twitter: www.twitter.com/brofessionald
Listen to the Brofessional podcast on:
Our Website: www.brofessionaldevelopment.com
Apple Podcasts: podcasts.apple.com/us/podcast/brofessional-development-podcast/id1525013123
Spotify: open.spotify.com/show/18Mm3zIWLUl3vdAj0zBYHj

Brofessional Development Podcast is hosted by St. Louis Business Owners Bobby Drummond, Brad Loyet, Dan Greiner, and Matt Kresko!

Warren Buffett Quote for Motivation! #fyp #podcast #motivation #millionairemindset #shorts #growth

There is no price tag on happiness! Change your career and be happy! #motivation #fyp #business

Brofessional Development 2022-08-23 | ...

Apple RTO Deadline, High Income Families Trade Down, and Supersonic Jets!

Brofessional Development 2022-08-23 | Follow us on Instagram: www.instagram.com/brofessionaldevelopment

Facebook: www.facebook.com/brofessionaldevelopment

Twitter: www.twitter.com/brofessionald

Listen to the Brofessional Development Podcast on:

Our Website: www.brofessionaldevelopment.com

Apple Podcasts: podcasts.apple.com/us/podcast/brofessional-development-podcast/id1525013123

Spotify: open.spotify.com/show/18Mm3zIWLUl3vdAj0zBYHj

Brofessional Development Podcast is hosted by St. Louis Business Owners Bobby Drummond, Brad Loyet, Dan Greiner, and Matt Kresko!

Our Companies:

Brad Loyet

www.bloyet.com

www.bpfabshop.com

Is it to late to change careers?! #fyp #shorts #podcast #career #careerchange #lifeadvice #success

Brofessional Development 2022-08-23 | ...

All workers at @Apple must return to work 3 days a week! #businessnews #podcast #remotework #fyp

Brofessional Development 2022-08-22 | ...

The latest guidelines from the CDC on Covid-19! #fyp #shorts #podcast #science #covid19 #interesting

Brofessional Development 2022-08-22 | ...

Is it to late to Change Career Paths?

Brofessional Development 2022-08-22 | Follow us on Instagram: www.instagram.com/brofessionaldevelopment
Facebook: www.facebook.com/brofessionaldevelopment
Twitter: www.twitter.com/brofessionald
Listen to the Brofessional podcast on:
Our Website: www.brofessionaldevelopment.com
Apple Podcasts: podcasts.apple.com/us/podcast/brofessional-development-podcast/id1525013123
Spotify: open.spotify.com/show/18Mm3zIWLUl3vdAj0zBYHj

Brofessional Development Podcast is hosted by St. Louis Business Owners Bobby Drummond, Brad Loyet, Dan Greiner, and Matt Kresko!

Our Businesses:
Brad Loyet - www.bpfabshop.com
Brad Loyet - www.bloyet.com

Dan Greiner - www.fullcircleplacements.com

Do people deserve a second chance? #fyp #shorts #businesspodcast #startup #motivation #millionaire

Brofessional Development 2022-08-20 | ...

Adam Neumann new startup FLOW gets 350 MILLION! #fyp #shorts #podcast #startup #fundingnews #invest

Brofessional Development 2022-08-19 | ...

Flying on a supersonic jet from New York to London in 3.5 HOURS! #fyp #shorts #podcast #podcastclips

Brofessional Development 2022-08-19 | ...

Advice on dealing with Insecurities! #fyp #shorts #lifeadvice #personaldevelopment #insecurity

Brofessional Development 2022-08-18 | ...

Apple RTO Deadline, High Income Families Trade Down, and Supersonic Jets!

Brofessional Development 2022-08-18 | Follow us on Instagram: www.instagram.com/brofessionaldevelopment
Facebook: www.facebook.com/brofessionaldevelopment
Twitter: www.twitter.com/brofessionald
Listen to the Brofessional Development podcast on:
Our Website: www.brofessionaldevelopment.com
Apple Podcasts: podcasts.apple.com/us/podcast/brofessional-development-podcast/id1525013123
Spotify: open.spotify.com/show/18Mm3zIWLUl3vdAj0zBYHj

Brofessional Development Podcast is hosted by St. Louis Business Owners Bobby Drummond, Brad Loyet, Dan Greiner, and Matt Kresko!

Our Companies:
Brad Loyet
www.bloyet.com
www.bpfabshop.com

How to avoid tough situations! #fyp #shorts #podcast #motivation #insecurity #confidence #wealth

Brofessional Development 2022-08-18 | ...

Insecurity and how to audit your circle! #podcast #audit #shorts #fyp #wealth #successmotivation

Brofessional Development 2022-08-17 | ...

What is stagflation? #stagflation #inflation #shorts #fyp #podcast #businesspodcast #news

Brofessional Development 2022-08-16 | ...

Does inflation affect grocery prices?! #fyp #shorts #podcastclips #groceryshopping #inflation

Brofessional Development 2022-08-16 | ...

How expensive is it to wipe your butt in 2022?! #inflation #funnyvideo #funnypodcasts #shorts #fyp

Brofessional Development 2022-08-13 | ...

Are big corporations using inflation & their greed to raise prices? #fyp #shorts #inflation #greed

Brofessional Development 2022-08-13 | ...

How to win the lottery! #fyp #shorts #howto #lottery #scam #truestory #podcastclips #podcast

Brofessional Development 2022-08-12 | ...

How inflation affects product size! #inflation #shrinkflation #shorts #fyp #podcast #news #money

Brofessional Development 2022-08-12 | ...

How to wipe your butt! #fyp #shorts #podcast #funny #howto #poop #wipeyourbutt #funnyvideo

Brofessional Development 2022-08-11 | ...

Talking about the Flations! GREED/STAG/SHRINK-FLATION

Brofessional Development 2022-08-11 | Talking about the Flations

Greed/stag/shrink-flation

Greedflation is, in theory, where companies raise their prices in industries where inflation hasn’t been that significant. This is an opportunity for companies to raise their prices unnoticed because otherwise consumers would get confused at the different rates of inflation.

The indicator for greedflation not being a real thing is healthcare prices. These prices typically go up higher than the rate of inflation. In the past year, healthcare prices have been lower than inflation.

The reason it’s political is because they’re trying to pass bills that cap how much corporations can charge.

Shrinkflation is when companies keep prices the same, but they’ll put less into the packages. A 10% product size shrinkage is equivalent to an 11% price increase. The best way to keep your eye on shrinkflation is to look at unit prices. With half of all grocery purchases being unplanned, there’s a lot of money being paid where it doesn’t need to be.

Some ways to find shrinkflation:

If you buy store brand versus name brand, they’re typically the last to reduce their content. Also, compare price per ounce instead of grabbing the first item you find.

Stagflation is when we have persistent high inflation, combined with high unemployment and a stagnant demand for employment.

Follow us:

Instagram: www.instagram.com/brofessionaldevelopment

Facebook: www.facebook.com/brofessionaldevelopment

Twitter: www.twitter.com/brofessionald

Listen to the Brofessional Development Podcast:

Website: brofessionaldevelopment.com

Apple Podcasts: podcasts.apple.com/us/podcast/brofessional-development-podcast/id1525013123

Spotify: open.spotify.com/show/18Mm3zIWLUl3vdAj0zBYHj

Brofessional Development Podcast is hosted by St. Louis Business Owners Bobby Drummond, Brad Loyet, Dan Greiner, and Matt Kresko!

Talking about the Flations! GREED/STAG/SHRINK-FLATION

Brofessional Development 2022-08-11 | Talking about the Flations
GREED/STAG/SHRINK-FLATION
Greedflation is, in theory, where companies raise their prices in industries where inflation hasn’t been that significant. This is an opportunity for companies to raise their prices unnoticed because otherwise consumers would get confused at the different rates of inflation.
The indicator for greedflation not being a real thing is healthcare prices. These prices typically go up higher than the rate of inflation. In the past year, healthcare prices have been lower than inflation.
The reason it’s political is because they’re trying to pass bills that cap how much corporations can charge.
Shrinkflation is when companies keep prices the same, but they’ll put less into the packages. A 10% product size shrinkage is equivalent to an 11% price increase. The best way to keep your eye on shrinkflation is to look at unit prices. With half of all grocery purchases being unplanned, there’s a lot of money being paid where it doesn’t need to be.
Some ways to find shrinkflation:
If you buy store brand versus name brand, they’re typically the last to reduce their content. Also, compare price per ounce instead of grabbing the first item you find.
Stagflation is when we have persistent high inflation, combined with high unemployment and a stagnant demand for employment.

Follow us:
Instagram: www.instagram.com/brofessionaldevelopment
Facebook: www.facebook.com/brofessionaldevelopment
Twitter: www.twitter.com/brofessionald

Listen to the Brofessional Development Podcast:
Website: brofessionaldevelopment.com
Apple Podcasts: podcasts.apple.com/us/podcast/brofessional-development-podcast/id1525013123
Spotify: open.spotify.com/show/18Mm3zIWLUl3vdAj0zBYHj

Brofessional Development Podcast is hosted by St. Louis Business Owners Bobby Drummond, Brad Loyet, Dan Greiner, and Matt Kresko!

How money can ruin you! #fyp #shorts #money #bankruptcy #fortune #podcastclips #motivation #tips

Brofessional Development 2022-08-10 | ...

NFL ruling on Deshaun Watson! #nfl #deshaunwatson #fyp #shorts #sportspodcast #crazy

Brofessional Development 2022-08-10 | ...

What to do if you win the lottery! #fyp #podcast #lotterywinner #lottery #millionaire #shorts

Brofessional Development 2022-08-10 | ...

Our Host WON the LOTTERY! #fyp #podcast #lotterywinner #lottery #millionaire #billionaire

Brofessional Development 2022-08-09 | ...

What would you do if you won the lottery?

Brofessional Development 2022-08-09 | What we would do if we won the lottery

Last week, the Powerball winner got $1.4Billion. If Sal won the Powerball, he would’ve paid his parents’ mortgage off and bought himself a house. The rest of us would buy all the toys and we would get all our closest friends to quit their jobs and work for us.

70% of all lottery winners lose all the money within 5 years. The thing with money is, the more you have, the more you spend. If you’re not making money, you will run out, no matter how much you win.

Sports News

Some of these NFL suspensions make no sense. Deshaun Watson was suspended for 6 games, while Calvin Ridley was suspended for a year for betting on games when he wasn’t even playing. The NFL also suspended the Dolphins owner $1.5Million for offering Tom Brady partial ownership to sign him.

In other sports news, the Cardinals did not win Juan Soto. We’re not too upset with this result. We’re more impressed with Otani’s talent, to be honest. He’s like the next Babe Ruth.

Follow us:

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Listen to the Brofessional Development Podcast:

Website: brofessionaldevelopment.com

Apple Podcasts: podcasts.apple.com/us/podcast/brofessional-development-podcast/id1525013123

Spotify: open.spotify.com/show/18Mm3zIWLUl3vdAj0zBYHj

Brofessional Development Podcast is hosted by St. Louis Business Owners Bobby Drummond, Brad Loyet, Dan Greiner, and Matt Kresko!

What would you do if you WON the LOTTERY!

Brofessional Development 2022-08-08 | WHAT WE WOULD DO IF WE WON THE LOTTERY
Last week, the Powerball winner got $1.4Billion. If Sal won the Powerball, he would’ve paid his parents’ mortgage off and bought himself a house. The rest of us would buy all the toys and we would get all our closest friends to quit their jobs and work for us.
70% of all lottery winners lose all the money within 5 years. The thing with money is, the more you have, the more you spend. If you’re not making money, you will run out, no matter how much you win.
Sports News
Some of these NFL suspensions make no sense. Deshaun Watson was suspended for 6 games, while Calvin Ridley was suspended for a year for betting on games when he wasn’t even playing. The NFL also suspended the Dolphins owner $1.5Million for offering Tom Brady partial ownership to sign him.
In other sports news, the Cardinals did not win Juan Soto. We’re not too upset with this result. We’re more impressed with Otani’s talent, to be honest. He’s like the next Babe Ruth.

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Website: brofessionaldevelopment.com
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Brofessional Development Podcast is hosted by St. Louis Business Owners Bobby Drummond, Brad Loyet, Dan Greiner, and Matt Kresko!

Should Soto play for @Cardinals? #fyp #podcast #baseball

Brofessional Development 2022-08-08 | ...

St. Louis Cardinals Trade Deadline Moves! #fyp #stlcards #cardinals #baseball #mlb #tradedeadline

Brofessional Development 2022-08-05 | ...

How to deal with Insecurities and improve Confidence!

Brofessional Development 2022-08-05 | Welcome to episode 104 of the Brofessional Development podcast!

This week, the Brofessionals are getting candid—turning the conversation to insecurities and confidence.

Follow along while Bobby and Sal share some of their favorite quotes on insecurity and confidence, what they believe causes insecurities, and how theirs have landed them in some uncomfortable situations.

“I knew that’s not where my future was supposed to go. But instead, I just stayed stuck in that situation, and just ignored it, hoping that it would go away.”

Then, Bobby and Sal get honest about the strategies they use to deal with those situations—from avoidance to lying—it’s all getting put out there.

Finally, Bobby and Sal share some of their bad habits and the things they’ve been insecure about, and some pieces of advice for turning insecurities into growth.

If you enjoyed this episode, please take a moment to rate our show 5 stars! ⭐️⭐️⭐️⭐️⭐️

Time stamps:

0:00 Intro
0:45 Quotes on Insecurity and Confidence
2:12 Defining Insecurity
5:35 Avoiding Tough Situations
16:27 Bad Habits and Insecurities
28:42 Outro

Follow us on Instagram: www.instagram.com/brofessionaldevelopment
Facebook: www.facebook.com/brofessionaldevelopment
Twitter: www.twitter.com/brofessionald
Listen to the Brofessional Development podcast on:
Our Website: www.brofessionaldevelopment.com
Apple Podcasts: podcasts.apple.com/us/podcast/brofessional-development-podcast/id1525013123
Spotify: open.spotify.com/show/18Mm3zIWLUl3vdAj0zBYHj

Brofessional Development Podcast is hosted by St. Louis Business Owners Bobby Drummond, Brad Loyet, Dan Greiner, and Matt Kresko!

How Quickly Lottery Winners LOSE their MONEY! #fyp #shorts #lotterywinner #money #crazystories

Brofessional Development 2022-08-05 | ...

What winning the lottery can do to people! #lottery #fyp #shorts #short #podcast #funnyvideo #money

Brofessional Development 2022-08-04 | ...

Record Rainfall in St. Louis produced dangerous flash floods! #fyp #stlouis #weather #flashflood

Brofessional Development 2022-08-04 | ...

Having Confidence and Dealing with Insecurities

Brofessional Development 2022-08-04 | Welcome to episode 104 of the Brofessional Development podcast!

This week, the Brofessionals are getting candid—turning the conversation to insecurities and confidence.

Follow along while Bobby and Sal share some of their favorite quotes on insecurity and confidence, what they believe causes insecurities, and how theirs have landed them in some uncomfortable situations.

“I knew that’s not where my future was supposed to go. But instead, I just stayed stuck in that situation, and just ignored it, hoping that it would go away.”

Then, Bobby and Sal get honest about the strategies they use to deal with those situations—from avoidance to lying—it’s all getting put out there.

Finally, Bobby and Sal share some of their bad habits and the things they’ve been insecure about, and some pieces of advice for turning insecurities into growth.

If you enjoyed this episode, please take a moment to rate our show 5 stars! ⭐️⭐️⭐️⭐️⭐️

Time stamps:

0:00 Intro

0:45 Quotes on Insecurity and Confidence

2:12 Defining Insecurity

5:35 Avoiding Tough Situations

16:27 Bad Habits and Insecurities

28:42 Outro

Links:

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Listen to the Brofessional Development podcast on:

Our Website

Apple Podcasts

Spotify