Michael Kelly is the founder of Investment Science. Michael has a ton of experience engaging in banking technologies and changing organizations holistically through individuals, operations, and technology. Investment Science comprises proven subject matter specialists in banking, technology, economics, and life sciences who are willing to provide a company with the clarity and exposure it requires to handle the unique world we all find ourselves in.
Investment Science – Objective Consulting Without Compromise – learn more today!
3 Value Bombs
1) To be successful, you need to have a strategy and threshold to get to the top.
2) You can increase productivity by having a balanced brilliant business idea and corporate culture.
3) Investment Science can provide more than objective consulting without compromise, and they can connect you to the right resources, depending on what you need.
Kevin Anderson & Associates: Are you finally ready to publish a book the right way? For a limited time, KAA is offering Fire Nation a free 90-min consultation to discuss writing and publishing your book! Visit KAWriting.com/fire to book yours today!
**Click the time stamp to jump directly to that point in the episode.
Today’s Audio MASTERCLASS: Investment Science – Scientifically Sound Consulting & Investing with Michael Kelly
[1:34] – Michael shares something that he believes about becoming successful that most people disagree with.
- He believes that to be successful, you need to have a strategy and threshold to get to the top.
[2:28] – How do individuals and firms stay on top of the latest and most significant trends?
- You can start by reading white papers on your chosen field to stay on top of the trends.
- Set up your treasury department.
- Think of a product that you can monetize.
- Keep things simple and innovate.
[5:09] – How can firms or individuals boost productivity?
- You can increase productivity by having a balanced brilliant business idea and corporate culture.
- Focus on the things that matter.
[6:51] – What are some very famous financial authors and publications that are missing?
- There is a lot of overwhelming information out there. Anybody can publish anything, and it is difficult to identify what is correct and what is real.
- Having too much theory but not enough hands-on – or having too much hands-on but not understanding how it works – can be dangerous.
- You have to understand how things work from evidence-based facts rather than fundamental theories.
[12:30] – What is wrong with population levels, and how to we can fix them?
- The population level affects the inflation rate.
- Online shopping pushes down inflation, and international trade pushes the prices down.
- Currently, we are experiencing short-term inflation that creates wages and pricing increases.
[14:52] – What is Investment Science, and why should firms go into this field?
- Investment Science is a holding company for projects.
- In 2009, they created a Robo Adviser, and for the past decade they’ve been able to save some firms money.
- On the employee level, they were able to let people work from home.
- Investment Science can provide purely objective advice.
- They can also provide affiliations that are sophisticated
[17:35] – Michael’s parting piece of guidance.
- They can provide more than objective consulting without compromise, and they can connect you to the right resources depending on what you need.
- Investment Science – Objective Consulting Without Compromise – learn more today!
Who's ready to rock today. Fire Nation JLD here and welcome to Entrepreneurs On Fire brought to you by the HubSpot Podcast Network with great shows like the shakeup today, we'll be focusing on investment science, scientifically sound consulting, and investing to drop these value bombs. I wrote Michael Kelly into EOFire studios. Michael is the founder of investment science. He has a ton of experience engaging in begging technologies and changing organizations holistically through individuals, operations and technology, investment science comprises, proven subject matter specialists in banking, technology, economics, and life sciences who are willing to provide the company with the clarity and exposure.
It requires to handle the unique world. We all find ourselves in, in Fire Nation. We'll talk today about how to boost productivity, what financial authors and publications are flat out missing. We're going to talk about population levels and so much more. When we get back from thinking our sponsors Fire Nation, are you finally ready to publish a book the right way Kevin Anderson and associates can help for a limited time, they're offering fire nation a free 90 minute consultation to discuss writing and publishing your book in just six months. Visit KAWriting.com/fire to schedule your free 90 minute consultation today.
0 (1m 24s):
That's KAWriting.com/fire. Hiring can feel like trying to find a needle in a haystack, but when you post a job on ZipRecruiter, their matching technology finds these qualified candidates for you and invites them to apply. So while other companies give you too many options, ZipRecruiter finds you the needle in the haystack. And right now you can try ZipRecruiter for free at ZipRecruiter.com/fire. Michael, say what's up to fire nation and share something that you believe about becoming successful that most people disagree with.
1 (1m 59s):
How are you Mike Kelly from investment science? I would tell all the listeners here that in order to be successful, two things, people may not know you need that. And you need to have some type of beachhead strategy, meaning a very specific focus and a very niche and reach your thresholds. Go to the top of that, to get there.
0 (2m 27s):
And this is what we're going really going to be breaking down here today. I mean, you heard me introduce Michael at the beginning of the show. So you know, a lot about him through that bio, we're talking about investment science, scientifically sound consulting and investing. So I sort of dive into a question that I personally have is how do individuals, Michael and firms, how do they stay on top of the latest and greatest when it comes to trends,
1 (2m 52s):
You just have to go and read white papers and your chosen field, whether it's statistics or business. And there's a lot of theories out there and try say, what do you think would happen in the future and why? And that's actually how our company has been relatively successful in that we learned about data science about 12 years ago, when in 2009 during the crisis, when people were just thinking about these things and concepts and this the past few years, that's all everyone's talking about now. And it's like, well, what's going to happen in the next 10 years. I, I truly believe it will be a lot of no code programming, drag and drop screens.
1 (3m 32s):
Even like you see with some website builders like Weebly and WEX, but that will programming will become less relevant. It's more about the business idea, not even about the code anymore. So it's, can you think of a business idea? Can you monetize that? Can you simplify it? And you should be successful, but you also have to understand the financials. So a lot of these startups out there, they raise all this money and they spent it on staff and they don't come from a financial services background. So it goes down to treasury management, right? And this doesn't even go into our robo-advisor. This goes down to, if you had a hundred dollars, every dollar should be invested, definitely.
1 (4m 14s):
And that it could have one to 2% in Bitcoin, no more than that. It's highly volatile. You could have some more money in bonds that pay in currencies on different maturity dates, which really means all those currencies tie to different things. They go up and down. And especially if you raise enough money as an entity, I'm not talking about an individual, but as an entity, you could invest one to 2% in different hedge funds and private equity firms, very sophisticated investments to more or less already have a profitable company before you even start spending. A lot of people take that money and they just don't even set up treasury.
1 (4m 56s):
So if you take a step back, what do we just say? Stay on top of the trends, read white papers, set up your treasury department, think of a product that you can monetize it, keep it simple. And,
0 (5m 7s):
And Fire Nation. One thing that I loved that Michael talked about was, can you simplify it? I mean, so many people try to complicate everything, but it's the opposite. It's simplifying things. It's making things simple because that's going to make things better. And why, because how you use your time is everything also known as being productive. So Michael is speak to that. How confirms, and maybe even just individuals in general boost productivity,
1 (5m 33s):
I think many firms don't really understand the fact that even in high pressure environments, like I come from banking or even in the military, there are some people who are introverted and it's about one third of the population, right? So those in those introverts would be better off working from home. And then there's some people that obtain energy that are extroverted to be around people. So the introverts identify the extroverts. Obviously you need to make money, but don't fully focus on money. There's a corporate culture. There's all the different people, you know, hipster, hacker, executer, that's in Silicon valley world, but that applies to corporate as well.
1 (6m 18s):
Do the people work well together? So you can have a brilliant business idea, but if the team doesn't gel and you're not managing your finances properly, but if you're also overly focusing on finances, you're not going to succeed. It's like reversion to the mean things moved back to the average, don't be too extreme on either end somewhere in between the two.
0 (6m 39s):
So Fire Nation, it can sometimes be between the two. And I love how you really have to have that focus on the things that matter and doing those things and then saying, Hey, what things can I just take off the plate? One thing, what things aren't really moving the needle, what things aren't really part of that 20 of that 80 20 parades principle. And there are some very, very famous financial authors out there. They publish all the time books posts they're on, they're being interviewed on TV and just publications in general, what Michael are every single one of them missing,
1 (7m 14s):
Actually writing a book that should be out next year and it's touching these topics. So unfortunately, and this is for everybody. There's so much information out there and anybody could publish anything. And it's very hard to know what's correct, or what's real. So for example, even many famous financial authors will talk about, you know, this is where you get or obtain the best interest rate. They talk about the theory. We'll talk about where do you actually get it from in the book? And they'll talk about some things like technical indicators, Bollinger bands, for example, or a moving average, right? That's a Colonel estimator or a smoother, they talk about the mathematics, but then they don't say, let's test it across everything.
1 (7m 59s):
And we could give you some of those outputs in her book and actually say like, here's the theory, but does it actually work? So it's too much theory, but it's not enough hands-on. But then when you have too much hands on, there's not enough understanding of how it works, blend the tail. And then you know where to go to get things. And then, you know, why do these things work from evidence-based facts rather than just, I don't want to use buzz words, but just basic theory or basic too much of the example, somewhere between the two, again,
0 (8m 30s):
Fire Nation, how can you get to evidence based facts? How can you base your decisions off of those not URI as Michael was just talking about since there's a lot of crazy stuff going on, I mean, population levels, we're actually going to get more detailed about what investment science is and so much more when we get back from thanking our sponsors, recent data shows that of all female businesses. It is estimated that one in three is owned by a mom ever wonder how these amazing moms and dads find the time to hire for their business while juggling their families. They do it with ZipRecruiter. And right now you can try it for free at ZipRecruiter.com/fire.
1 (9m 10s):
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0 (9m 53s):
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0 (10m 38s):
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1 (11m 9s):
So Michael we're back and before the break, I was teasing the topic I want to get into next, which is all about population levels. I mean, these things are compounding at crazy crazy rates.
0 (11m 20s):
What specifically is wrong with population levels? And how do you propose? We fix this
1 (11m 27s):
Population levels we have today. It mimics Japan as a case study, and it just means millennials and I myself. And one day on average, not having children, because if you survey many of them, and this is also in the book that's coming out next year, it's has to do with prices being too high, amongst inadequate job opportunities and things of that nature. Well, it's that
0 (11m 51s):
Though. And it's also just faced on things where that used to be the trend like forever China. Like they, you could only have one kid or then you got fined heavily. And so they just created this culture of only being able to have one child for generations. And now, you know, they bumped it up to two because there are massive, massive problems because you know, they're not being able to, their young generators can now support this in, you know, just this imbalance is this just inequity that exists now? And they just recently, I think it was a month ago, maybe opened up the three now. So they went from, you can only have one. This is saving the country to like, now you can have two to like, please, please, please have three kids because we need you to have more kids.
0 (12m 32s):
So kind of talk about that. Like, what is wrong with a population levels today? And what are some ways that we can fix this?
1 (12m 38s):
Yeah. And even to your point with China, I mean, that's, they're trying to get people to have more, but it has to, some of it even has to do with like the inflation levels and we'll get back to children and how more people can have. It has a lot to do with Amazon, right? A lot of shopping is done online. So that pushes down and place in international trade that pushes prices down. So prices are Denmark and the governments around the world, and then ultra low interest rates to fight inflation, to actually create inflation. And then today we have short-term inflation from, you know, wood tripling and labor issues from all the payments of people out of work that are not going back to work.
1 (13m 22s):
So that creates wage is rising prices rising, even in the suburbs, there's basically a housing bubble that will burst. And when we get back to how individuals, how did have them as children, it's more in regards to the fact of how the military does it think it's called Bob pay, where they look at how many children you have and you get payment for that. And that would kind of help some of the financial burdens. And then it's doing the mathematics, conducting the mathematics, saying, okay, these children have been paid for. And then the tax basis for those children as they grow up will increase because it's just, things are too expensive on average and governments are trying to solve it, but they continue to print.
1 (14m 9s):
And then people talk about, well, Bitcoin and things like that. And then you talk to people in banking and it's all just, it's like, you can't speak for everybody, but it's all just a game in a way that people just diving into the latest thing, because it's the latest. But some of the residuals will remain that even the federal reserve stating they might create a digital currency
0 (14m 29s):
And this is some serious stuff. These are things that we're going to be dealing with for not just the foreseeable future for all time. And I think it's just a topic that's interesting to talk about it and think about, because these are problems we need to solve. Now, I want to get deep into investment science. So really break this down for us, Michael, like for myself, fire nation for the lame man, the lay woman, what is investment science and why should firms go into this field? What's the benefit?
1 (14m 60s):
Sure. So investment science itself is tactically, a holding company for projects that we want to work on. So if we take, if we zoom back to 2009, but you created a robo advisor before people were really talking about those things, you know, a hundred dollars to invest different financial products, timeframe strategies that will be more on the consumer side, a few years down the road, that's just to get people excited. That's how we learned all this automation. And then over the past decade, we've been able to save some firms, billions of dollars and savings, millions of dollars. If we zoom in on more on employee morale, that just by letting some people work from home, we boosted productivity up to 40% playing the latest trends and technology like agile project management or researching.
1 (15m 54s):
Hey, use this technology for your department. Even if it's the best technology, your department may not have the skillset. So we're objective in the fact that we have no strategic ties to vendors. But if we have some partnerships with companies, we'll tell you up front many other institutions, unfortunately they have strategic ties to vendors. So for example, if a company audits, Amazon, that's a consulting firm, you're spending all this money. You want results, objective, advice, expertise. They can't give that to you because they audit them. We can give you the purely objective advice. And the third sphere of our company is more on with the affiliations we have with small startups, seeking funding or alternative investment vehicles for high net worth individuals and or family offices, venture capitalists, things of that nature.
1 (16m 50s):
We could connect people to those instruments, which really means in simple terms, we could connect investors that are well sophisticated to models, to entrepreneurs, to large funds that are seeking capital and things of that nature. It's like a two sided marketplace for everybody. So
0 (17m 13s):
Michael, we talked about a lot today. I mean, we talked about investment science about what you do. We talked about population levels, these crazy race that are happening. We talked about what every financial author and publication are missing. You know, we talked about being more productive. And what I want you to do now is take a step back, share with our listeners. The one key takeaway from everything we talked about that you really want to make sure our audience walks away with, then give us any way that we can connect with you. Any call to action you might have for us. And then we'll say goodbye. Sure.
1 (17m 45s):
Yeah. That's more just objective consulting without compromise, right? No strategic ties the vendors. That's been science, scientifically sound consulting and investing, and that, you know, we could connect you to the right contact depending on what you need. And now much more to it. Other than the call to action would be visit our website at www.InvestmentSCY.com. Or give us a call at (917) 512-9523.
0 (18m 16s):
Thank you so much for having me Fire Nation. You're the average of the five people you spend the most time with, you've been hanging out with MK and JLD today. So please keep up that heat. And if you head over to EOFire.com and type in Michael in the search bar, the show notes page will pop up with everything we've been talking about here today. And Michael, one more time. Give us that URL and phone number that is www.InvestmentSCY.com. Or you can give us a call at (917) 512-9523. That's a phone number, Fire Nation. Dial those digits, make that phone call fortune favors the bold and Michael, thank you for sharing your truth, your knowledge, your value with fire nation today.
0 (18m 59s):
For that we salute you and we'll catch you on the flip side. Thank you.
1 (19m 4s):
Hey, Fire Nation today's value bond content was brought to you by Michael. Are you ready to rock your very own podcasts? Well, if so, check out our free that's FREE podcasting course where I teach you how to create a launch your podcast for free FreePodcastCourse.com. FreePodcastCourse.com. I will catch you there Fire Nation, or I'll catch you on the flip side.
0 (19m 30s):
Fire Nation. Are you finally ready to publish a book the right way Kevin Anderson and associates can help for a limited time, they're offering fire nation a free 90 minute consultation to discuss writing and publishing your book in just six months. Visit KAWriting.com/fire to schedule your free 90 minute consultation today. That's KAWriting.com/fire hiring can feel like trying to find a needle in a haystack, but when you post a job on ZipRecruiter, their matching technology finds these qualified candidates for you and invites them to apply. So while other companies give you too many options, ZipRecruiter finds you the needle in the haystack. And right now you can try ZipRecruiter for free at ZipRecruiter.com/fire.
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