EnRich Your Life

Episode Description:

Private credit has become one of the most talked-about areas of investing, but not all private credit works the same way.

In this episode of EnRich Your Life, Richard Leimgruber sits down with Rich Hill, Senior Managing Director and Global Head of Real Estate Research and Strategy at Principal Asset Management, to explore one particular corner of the private credit market: commercial real estate debt.

What does it actually mean to invest in real estate debt rather than own real estate? How does lending against a property differ from lending to a company? And after several challenging years for commercial real estate, why are some investors paying closer attention to this market now?

Episode Highlights:

• How commercial real estate debt works
• The difference between private corporate credit and private real estate debt
• The risks investors should understand
• How alternative investments can complement traditional stock and bond portfolios

If you've been hearing more about private credit but aren't quite sure what it means, or where real estate debt fits into the picture, this conversation is designed to help make it easier to understand.

Disclosure 1:

As of 31 March 2026. 'Bloomberg Global-Aggregate Total Return Index Value Unhedged USD Cliffwater Direct Lending Index 3NCREIF/CREFC Debt Agg TOTAL Return . Source: Bloomberg, Principal Real Estate. Quarterly returns 1Q 2014 to 1Q 2026. No investment strategy, such as asset allocation or diversification, can guarantee a profit or protect against loss in periods of declining values. Past performance does not guarantee future Index returns. It is not possible to Invest directly in an Index.

For accredited investor use only within the United States.

Filmed and recorded at Studio on the Avenue/LMC Media
Mamaroneck, NY
https://lmcmedia.org/
Produced and Edited by Vekterly
https://www.vekterly.com/

Disclaimer: This podcast is for informational and educational purposes only and should not be considered as financial advice, a recommendation for any specific investment, strategy, or financial decision, or legal advice. By engaging with this material, you acknowledge and agree with its intended purpose. Any examples provided are hypothetical and for illustration purposes only. Neither Rich Leimgruber, the EnRich Your Life Podcast, nor its representatives are advising or suggesting any specific action or decision. Before making any financial, legal, or tax decisions, individuals should consult their own financial advisor, accountant, legal professional, or other qualified professional before making financial decisions. All opinions expressed are those of the host and guests and do not reflect the views of any affiliated financial institutions. The views shared may not be suitable for every individual or situation. Past performance is not indicative of future results, and all investments carry risk. Please note that any strategies discussed may not be suitable for all investors, and the appropriateness of any specific investment or strategy will depend on individual circumstances.

There are half as many public companies today as there were 25 years ago, and the ones that do go public are taking roughly twice as long to get there. SpaceX was founded in 2002 and didn't list until 2026. So where has all that company-building been happening?

Rich talks with Ian Forman of Ardian, a firm that manages or advises an estimated $200 billion, about where all that business activity went, and why a type of investing that used to be limited to pension funds and the very wealthy is now showing up in more ordinary portfolios.

What you'll learn:

• What "quarterly liquidity" means in an evergreen or interval structure
• The four questions to ask before you'd ever consider private equity
• Why "I can never get my money out" is the most common misunderstanding

Access has widened, though eligibility requirements still apply. Nothing here is a recommendation, it's a conversation about how the landscape is shifting and how everyday investors can participate.

Filmed and recorded at Studio on the Avenue/LMC Media
Mamaroneck, NY
https://lmcmedia.org/
Produced and Edited by Vekterly
https://www.vekterly.com/

Disclaimer: This podcast is for informational and educational purposes only and should not be considered as financial advice, a recommendation for any specific investment, strategy, or financial decision, or legal advice. By engaging with this material, you acknowledge and agree with its intended purpose. Any examples provided are hypothetical and for illustration purposes only. Neither Rich Leimgruber, the EnRich Your Life Podcast, nor its representatives are advising or suggesting any specific action or decision. Before making any financial, legal, or tax decisions, individuals should consult their own financial advisor, accountant, legal professional, or other qualified professional before making financial decisions. All opinions expressed are those of the host and guests and do not reflect the views of any affiliated financial institutions. The views shared may not be suitable for every individual or situation. Past performance is not indicative of future results, and all investments carry risk. Please note that any strategies discussed may not be suitable for all investors, and the appropriateness of any specific investment or strategy will depend on individual circumstances.

Somewhere along the way, a lot of us stop making new friends. Then a spouse passes, retirement ends the daily contact with colleagues, or a move to a new town leaves you surrounded by people who already have their circles. The good news, your "social muscles" can be rebuilt, at any age.

Host, Rich Leimgruber talks with Lorraine Novack, Regional Director of the nearly-50-year-old nonprofit, about how older adults reconnect, why it's rarely as late as it feels, and the small, low-pressure steps that actually work.

In this conversation:

• The "social muscles" idea, why connecting gets harder when you're out of practice, and how to ease back in
• Why the biggest misconception about aging is that "things slow down"
• How intergenerational programs pair teens and older adults so both sides end up mentoring each other
• Practical tips for an adult child who's noticing a parent pull inward

Filmed and recorded at Studio on the Avenue/LMC Media
Mamaroneck, NY
https://lmcmedia.org/
Produced and Edited by Vekterly
https://www.vekterly.com/

Disclaimer: This podcast is for informational and educational purposes only and should not be considered as financial advice, a recommendation for any specific investment, strategy, or financial decision, or legal advice. By engaging with this material, you acknowledge and agree with its intended purpose. Any examples provided are hypothetical and for illustration purposes only. Neither Rich Leimgruber, the EnRich Your Life Podcast, nor its representatives are advising or suggesting any specific action or decision. Before making any financial, legal, or tax decisions, individuals should consult their own financial advisor, accountant, legal professional, or other qualified professional before making financial decisions. All opinions expressed are those of the host and guests and do not reflect the views of any affiliated financial institutions. The views shared may not be suitable for every individual or situation. Past performance is not indicative of future results, and all investments carry risk. Please note that any strategies discussed may not be suitable for all investors, and the appropriateness of any specific investment or strategy will depend on individual circumstances.

Most families don't think about Medicaid until they're already in crisis. By then, the choices are narrower, the bills are bigger, and the conversation about what's still possible is one nobody wants to have on a hospital hallway.

Rich is joined by Lori Bernabe, a Medicaid Service Coordinator with The Feller Group, an elder care and estate planning law firm. With 20+ years inside this work, Lori has seen what happens when families wait, and what happens when they start the conversation early.

In this conversation:

• What Medicaid actually covers, and the difference between community Medicaid (care at home) and nursing home Medicaid
• The pooled trust, the irrevocable trust, the promissory note, the spousal refusal, a plain-English tour of the tools families ask about after the fact
• The "child caregiver credit" that may let an adult child who's been living with and caring for a parent keep the family home
• Why funding a trust matters as much as opening one, and the five-year clock that resets with every new deposit

Filmed and recorded at Studio on the Avenue/LMC Media
Mamaroneck, NY
https://lmcmedia.org/
Produced and Edited by Vekterly
https://www.vekterly.com/

Disclaimer: This podcast is for informational and educational purposes only and should not be considered as financial advice, a recommendation for any specific investment, strategy, or financial decision, or legal advice. By engaging with this material, you acknowledge and agree with its intended purpose. Any examples provided are hypothetical and for illustration purposes only. Neither Rich Leimgruber, the EnRich Your Life Podcast, nor its representatives are advising or suggesting any specific action or decision. Before making any financial, legal, or tax decisions, individuals should consult their own financial advisor, accountant, legal professional, or other qualified professional before making financial decisions. All opinions expressed are those of the host and guests and do not reflect the views of any affiliated financial institutions. The views shared may not be suitable for every individual or situation. Past performance is not indicative of future results, and all investments carry risk. Please note that any strategies discussed may not be suitable for all investors, and the appropriateness of any specific investment or strategy will depend on individual circumstances.

What does it actually mean to plan for your health, not just react to problems? In this episode of EnRich Your Life, Rich sits down with Dr. Raymond Zakhari, a triple board-certified nurse practitioner in adult health, family practice, and psychiatric–mental health, and founder of Metro Medical Direct, to talk about what proactive health planning can look like as you move through your 50s and into retirement.

Dr. Zakhari breaks down how everyday people quietly drift into what he calls "permanent patient" status, why the healthcare system is designed around silos rather than solutions, and what five non-negotiables you should be focused on right now, starting with sleep.

They also dig into the sandwich generation reality, caring for aging parents without a plan, the rising impact of cannabis on mental health, and why concierge medicine may be the model that finally puts patients back in control.

If you've spent years planning your finances, but not enough time planning  for your health, this episode is your wake-up call.

Filmed and recorded at Studio on the Avenue/LMC Media
Mamaroneck, NY
https://lmcmedia.org/
Produced and Edited by Vekterly
https://www.vekterly.com/

Disclaimer: This podcast is for informational and educational purposes only and should not be considered as financial advice, a recommendation for any specific investment, strategy, or financial decision, or legal advice. By engaging with this material, you acknowledge and agree with its intended purpose. Any examples provided are hypothetical and for illustration purposes only. Neither Rich Leimgruber, the EnRich Your Life Podcast, nor its representatives are advising or suggesting any specific action or decision. Before making any financial, legal, or tax decisions, individuals should consult their own financial advisor, accountant, legal professional, or other qualified professional before making financial decisions. All opinions expressed are those of the host and guests and do not reflect the views of any affiliated financial institutions. The views shared may not be suitable for every individual or situation. Past performance is not indicative of future results, and all investments carry risk. Please note that any strategies discussed may not be suitable for all investors, and the appropriateness of any specific investment or strategy will depend on individual circumstances.

Most people assume Medicare, Medicaid, or their family will handle their long term care. They won’t, at least not the way you're hoping.

In this episode, host Rich Leimgruber sits down with Ray Hickson, a 25-year long-term care planning specialist, to unpack one of the most financially devastating blind spots in retirement planning. From nursing home costs topping $180,000 a year in New York to the surprising other costs, even with Medicaid, this conversation will change how you think about your future, and your parents'.

3 Things You'll Learn in This Episode:

• Why Medicaid may not be an option — and what happens to your family when your savings runs out
• The difference between traditional and hybrid long-term care policies — and which one might actually leave money for your heirs
• When to start planning (hint: it's earlier than you think) — and the health event that could close the door on your options forever

Sources for statistics mentioned in this episode:
1. Will You Need Long-Term Care? Here’s What the Statistics Say
money.com/long-term-care-rising-needs/
2.Source: Long-term care statistics 2026
www.singlecare.com/blog/news/long-term-care-statistics/
3.How Much Care Will You Need?
acl.gov/ltc/basic-needs/how-much-care-will-you-need

Filmed and recorded at Studio on the Avenue/LMC Media
Mamaroneck, NY
https://lmcmedia.org/
Produced and Edited by Vekterly
https://www.vekterly.com/

Disclaimer: This podcast is for informational and educational purposes only and should not be considered as financial advice, a recommendation for any specific investment, strategy, or financial decision, or legal advice. By engaging with this material, you acknowledge and agree with its intended purpose. Any examples provided are hypothetical and for illustration purposes only. Neither Rich Leimgruber, the EnRich Your Life Podcast, nor its representatives are advising or suggesting any specific action or decision. Before making any financial, legal, or tax decisions, individuals should consult their own financial advisor, accountant, legal professional, or other qualified professional before making financial decisions. All opinions expressed are those of the host and guests and do not reflect the views of any affiliated financial institutions. The views shared may not be suitable for every individual or situation. Past performance is not indicative of future results, and all investments carry risk. Please note that any strategies discussed may not be suitable for all investors, and the appropriateness of any specific investment or strategy will depend on individual circumstances.

Every time you download a free app, accept terms and conditions, or search online, someone is building a profile on you, and most people have no idea how detailed that profile really is.

In this episode, Rich sits down with Jammie, founder of TechInHerStep and one of the leading voices in digital privacy education, to break down what's actually happening to your data, and what you can do about it starting today.

You'll learn:

• Why deleting an app doesn't delete your data
• How companies use your digital profile to charge you more than your neighbor for the same product
• The 4 things you need to protect most, and the simple tools to do it
• Why privacy isn't about hiding, it's about taking back control

If you've ever wondered why your phone seems to know exactly what you were just thinking about, this episode will finally explain it.

Listen now and share it with someone you love.

Filmed and recorded at Studio on the Avenue/LMC Media
Mamaroneck, NY
https://lmcmedia.org/
Produced and Edited by Vekterly
https://www.vekterly.com/

Disclaimer: This podcast is for informational and educational purposes only and should not be considered as financial advice, a recommendation for any specific investment, strategy, or financial decision, or legal advice. By engaging with this material, you acknowledge and agree with its intended purpose. Any examples provided are hypothetical and for illustration purposes only. Neither Rich Leimgruber, the EnRich Your Life Podcast, nor its representatives are advising or suggesting any specific action or decision. Before making any financial, legal, or tax decisions, individuals should consult their own financial advisor, accountant, legal professional, or other qualified professional before making financial decisions. All opinions expressed are those of the host and guests and do not reflect the views of any affiliated financial institutions. The views shared may not be suitable for every individual or situation. Past performance is not indicative of future results, and all investments carry risk. Please note that any strategies discussed may not be suitable for all investors, and the appropriateness of any specific investment or strategy will depend on individual circumstances.

Your relationship with money isn't just about numbers, it's about mindset. This episode explores how limiting beliefs, fear, and scarcity thinking prevent people from achieving financial freedom, and how shifting to gratitude and abundance can transform your wealth-building journey. Former hedge fund manager Joel Solomon shares unconventional strategies from his bestselling book The Nine Money Rules Millionaires Use, including how your emotions drive every financial decision you make. Whether you're paralyzed by investment anxiety or simply want to align your inner beliefs with your financial goals, this conversation offers practical tools to break free from the mental blocks holding you back.

Episode Highlights:

• How to recognize when fear is driving your financial decisions and simple techniques to shift into intentional money management.
• Why your everyday actions reveal your true money beliefs and how to identify which beliefs are limiting your wealth potential.
• The neuroscience behind gratitude practices and how a simple nightly ritual can rewire your brain for abundance and better financial outcomes.

Filmed and recorded at Studio on the Avenue/LMC Media
Mamaroneck, NY
https://lmcmedia.org/
Produced and Edited by Vekterly
https://www.vekterly.com/

Disclaimer: This podcast is for informational and educational purposes only and should not be considered as financial advice, a recommendation for any specific investment, strategy, or financial decision, or legal advice. By engaging with this material, you acknowledge and agree with its intended purpose. Any examples provided are hypothetical and for illustration purposes only. Neither Rich Leimgruber, the EnRich Your Life Podcast, nor its representatives are advising or suggesting any specific action or decision. Before making any financial, legal, or tax decisions, individuals should consult their own financial advisor, accountant, legal professional, or other qualified professional before making financial decisions. All opinions expressed are those of the host and guests and do not reflect the views of any affiliated financial institutions. The views shared may not be suitable for every individual or situation. Past performance is not indicative of future results, and all investments carry risk. Please note that any strategies discussed may not be suitable for all investors, and the appropriateness of any specific investment or strategy will depend on individual circumstances.

Scaling a business sounds exciting, until growth starts creating chaos. In this episode of the EnRich Your Life Podcast, Rich Leimgruber sits down with Brian O’Connor, founder of Aevisor Solutions, to break down how business owners can scale with AI without losing control.

Brian explains how operational discipline, clean data, and practical AI tools help founders improve cash flow, fix hidden inefficiencies, and build businesses that are scalable and sellable.

Key Highlights:
•Common operational mistakes growing companies make
•How AI improves forecasting, pricing, and inventory decisions
•Why dashboards fail, and where AI should live instead
•Early signs your business isn’t ready for an exit

Disclaimer: While AI can be helpful, it can also make mistakes, reflect biases, or produce incomplete information. Any AI-generated content should be considered informational only and not a substitute for professional advice. Always verify important details independently

Filmed and recorded at Studio on the Avenue/LMC Media
Mamaroneck, NY
https://lmcmedia.org/
Produced and Edited by Vekterly
https://www.vekterly.com/

Disclaimer: This podcast is for informational and educational purposes only and should not be considered as financial advice, a recommendation for any specific investment, strategy, or financial decision, or legal advice. By engaging with this material, you acknowledge and agree with its intended purpose. Any examples provided are hypothetical and for illustration purposes only. Neither Rich Leimgruber, the EnRich Your Life Podcast, nor its representatives are advising or suggesting any specific action or decision. Before making any financial, legal, or tax decisions, individuals should consult their own financial advisor, accountant, legal professional, or other qualified professional before making financial decisions. All opinions expressed are those of the host and guests and do not reflect the views of any affiliated financial institutions. The views shared may not be suitable for every individual or situation. Past performance is not indicative of future results, and all investments carry risk. Please note that any strategies discussed may not be suitable for all investors, and the appropriateness of any specific investment or strategy will depend on individual circumstances.

Setting up a business retirement plan isn’t just about saving for later, it’s about reducing taxes, staying compliant, and making smarter decisions as your business grows.

In this episode of EnRich Your Life, Rich sits down with a seasoned retirement planning Third Party Administrator (TPA), Brad Scherer. His role is to break down how business owners should think about retirement plans, what mistakes to avoid, and how recent regulatory changes can impact your strategy.

Whether you already have a plan or are starting from scratch, this conversation will help you understand your options and avoid costly errors.

Key highlights:

• How to choose the right retirement plan for your business goals
• Common compliance mistakes business owners don’t realize they’re making
• What SECURE Act 2.0 changes mean for 401(k)s and catch-up contributions
• When a cash balance plan actually makes sense

Disclosure:
Brad Scherer is not a client of Richard Leimgruber, no compensation cash or otherwise was not paid in exchange for his appearance in this podcast, and there are no known conflicts of interest. 

Filmed and recorded at Studio on the Avenue/LMC Media
Mamaroneck, NY
https://lmcmedia.org/
Produced and Edited by Vekterly
https://www.vekterly.com/

Disclaimer: This podcast is for informational and educational purposes only and should not be considered as financial advice, a recommendation for any specific investment, strategy, or financial decision, or legal advice. By engaging with this material, you acknowledge and agree with its intended purpose. Any examples provided are hypothetical and for illustration purposes only. Neither Rich Leimgruber, the EnRich Your Life Podcast, nor its representatives are advising or suggesting any specific action or decision. Before making any financial, legal, or tax decisions, individuals should consult their own financial advisor, accountant, legal professional, or other qualified professional before making financial decisions. All opinions expressed are those of the host and guests and do not reflect the views of any affiliated financial institutions. The views shared may not be suitable for every individual or situation. Past performance is not indicative of future results, and all investments carry risk. Please note that any strategies discussed may not be suitable for all investors, and the appropriateness of any specific investment or strategy will depend on individual circumstances.