A (8:37)

When you buy lg, you get so much more than just an appliance. You get more done. More cost savings, more peace of mind and more control. Because LG appliances are designed to do do more like washers and dryers with AI tech to take out the guesswork. Refrigerators that fit in tight spaces and keep food fresher longer or ranges with precise induction cooking and easy cleanup built in. All with the style you want and reliability you can count on so you can get more from your home every day. LG appliances. So much more make life easier. Easier with LG. See the latest models and savings now@LG.com.

C (9:22)

They'Re not just teaching, they're trading. I'll teach you Excel if you fix my website. I'll do your taxes if you teach me Spanish and yoga for cooking lessons by week five. They need a system. That's when she invents something that will revolutionize everything. Something she called trust tokens. But I need to tell you what happened at the repair shop first. And this is the shop that failed successfully. The eviction notice is on the door of the repair shop. The utilities are cut off. His business credit cards are maxed. 20 years of fixing things and he's fixed everything except his business model. He posts on next door closing Friday. Please collect your items. The responses surprise them. You're the only honest repair shop. How could this happen? What do you need to stay open? Can we crowdfund? This is a tragedy for the neighborhood. And he stares at that last one. Tragedy for the neighborhood. His failure matters to people. He posts again. New model. I'll teach you to fix your stuff. Pay what you think the knowledge is worth. If I can't teach you, pay Nothing. Saturday morning, 17 people are waiting. But they don't just bring things. They bring questions. Why does this always break? How can I prevent that? What tools do I actually need? Can you teach my kid? First customer. Broken toaster. Time to fix. Five minutes. Time to teach 45 minutes. Payment 50 bucks. This is worth more than fixing it. She says. Now I can fix every toaster forever by noon. $400 in teaching fees. More than usually made in a day of repairs. But then something really beautiful happens. The people he teaches start teaching others. Not for money, but for something else. I'll fix your toaster if you teach me Excel. I can repair your bike if you help me with your taxes. Learn to fix phones. Trading repairs for Spanish lessons. He created something without meaning to a repair network where knowledge is currency and fixing flows freely. But this connects to something bigger. Remember the empanada vendor? Now the law firm partner pulls the empanada vendor aside. We want to invest in your growth. I don't have investors. Not that kind of investment. We want to ensure you never stop coming here. What would it take to get you a truck, a kitchen and proper equipment? Maybe 50,000, he said. Done. But here's our terms. No equity, no ownership, no traditional interests. We want free lunch for a year, free access to any expansion, and the promise that you'll never skip a Tuesday. And the right to say, we helped build this. That's insane. He said you'd give me $50,000 for lunch? We're not paying for lunch. We're investing in reliability. Do you know what Tuesday means to this office? People schedule meetings around you. Bad news waits until after empanadas. You're not food, you're culture. And within 72 hours, 14 people commit. Law firm partner 5 grand. Developer team 10,000 collectively. Marketing agency 3 grand. Individual customers 34 grand. Total $52,000. Time to raise. One Tuesday announcement documentation none. Interest rate zero. Equity given zero. But here's the revolution. This becomes the model. Customers funding businesses they love. Not for returns, but for continuation. Back to the token economy. The Skill Swap has a problem. Freeloaders, people who come to learn but never teach. Traditional solution Charge money. Revolutionary solution Create new money, she called them. As you remember, trust tokens. Teach 30 minutes. Earn three tokens. Attend a session. Spend one token. Start with three free tokens. Three sessions before you must contribute. Simple. Until it isn't. Week one. With tokens, people earn more than they can spend. Week two, token trading begins. Week three tokens accepted outside the system. A landlord accepts 100 tokens as partial rent. A coffee shop gives discounts for tokens. Repair shop, remember him? Accepts tokens for teaching. And the empanada vendor accepts tokens from Skill Swap members. The IRS notices, tries to tax it. Of course it's income, they say. Prove it, she responds. What's the dollar value of Learning Excel in exchange for teaching yoga. How do you calculate capital gains on knowledge? And what's the depreciation schedule for wisdom? Guess what? They can't answer because trust tokens aren't money. They're crystallized Reciprocity. The empanada vendor needs business skills. Join Skill Swap. The skill swap needs a venue, uses a repair shop. The repair shop needs foods for students. Empanada vendor caters. But they're not paying each other in dollars. They're trading in trust. The vendor teachers entrepreneurship. Worth tokens. Uses tokens for business skills from Skill Swap. Skill swap pays repair shop in teaching hours. Repair shop pays vendor in repair training. No money moves, but value is flowing everywhere. Within six months, 500 people are in the network. 10,000 trust tokens in circulation. $0 exchanged within the network, and infinite value was created. A venture capitalist tries to invest. This could be huge. We could platformize trust. They laughed them out of the room. You can't platformize trust. You can only practice it. A reporter gets wind and writes about it. The barter economy revival. But she misses the point. They're not bartering. They're building something completely new. In barter, you trade things. And the trust economy, you trade faith. Faith that Tuesday will come. Faith that knowledge will be shared and faith that repairs will be taught. And finally, faith that community will continue. An economist studying the trust economy discovered something that broke her worldview. GDP measures transactions. But trust economy transactions, they're unmeasurable. A repair lesson for cooking class, for a tax consultation, for a yoga session, for an empanada. What's the GDP of that? Anybody I know? You can't answer me, but it's zero. What's the value? It's infinite. She documented what she could Traditional economy in their neighborhood. Average income $45,000 a year, average savings $1,000. Average debt $15,000. And the happiness index is declining. The trust economy participants cash income 25 grand. Trust tokens are unlimited, effective wealth is unmeasurable, and the happiness index is off the charts. The government tried to shut it down, called it tax evasion. The community responded. And they responded assertively. We're not evading taxes. We're evading the system that requires them. Banks tried to compete, created community currencies. They failed because trust can't be printed. It can only be earned Tuesday by Tuesday. Skill by skill, repair by repair. The empanada vendor now runs seven trucks, but he still does Tuesday. Walks himself. Same buildings, same promise. Some things just don't scale. They deepen. The skill Swap operates in 50 cities, each one independent, each one designing its own token system. Each Some use time, some use skills, and some use stories. The repair shop teacher became a teaching center. The owner makes more teaching fixing than he ever made fixing. His students have fixed 10,000 items that would have been trash. But here's the real revolution. They proved that money is just a proxy for trust. And when you have actual trust, you don't need the proxy. The old economy runs on printed promises backed by violence. The trust economy runs on kept promises backed by community. Again, one Tuesday at a time, one skill at a time, one repair at a time, until the whole economy transforms. Not through revolution, through trust. The repair shop became a teaching center. The owner makes more teaching fixing than he ever made fixing. His students have fixed 10,000 items that would have been trash. But here's the real revolution. They proved that money is just a proxy for trust. And when you have actual trust, you don't need the proxy. Finally, it would really mean a lot to me if you would hit that subscribe button wherever you're listening or watching. And if this episode sparked something within you, please share it with another leader. We can't afford to run on the old economy. Happy New Year.

B (23:00)

If this episode made you uncomfortable, good. That means you are paying attention. The future belongs to leaders who stop managing people like assets and start investing in them like humans. See you next time. And remember, dreams aren't frivolous. Ignoring them is.