Ken McElroy Show

Ken McElroy Show

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Ken McElroy Show episodes

  • Clayton Morrris Podcast: Why is Commercial Real Estate Collapsing?
    Sign-up for the Limitless conference, use the code "NOLIMITS" to save 10%: https://limitlessexpo.com 

    Clayton Morris interviews Ken McElroy about the state of commercial real estate.

    Be sure to check out Clayton's Podcast: https://morrisinvest.com/podcasts/

    Clayton's YouTube channel: https://www.youtube.com/@redactednews

    • • • 

    Visit Ken's Bookstore: https://kenmcelroy.com/books
     
    • • •
     
    ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
     
    Ken's company: https://mccompanies.com
     
    • • •
     
    DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.
     
    Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.
     
    Comments that are off-topic, offensive, or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.
     
    © 2024 KenMcElroy.com, LLC. All Rights Reserved.
    59 min
  • How Real Estate Experts Manage Their Portfolio During Recessions
    Sign-up for Limitless Tickets: https://limitlessexpo.com

    Ken and Danille McElroy discuss strategies for landlords to manage rental properties effectively during an economic downturn. Learn how to maintain stable cash flow, build strong tenant relationships, and make informed decisions to weather the challenges of a recession.

    • • • 

    Visit Ken's Bookstore: https://kenmcelroy.com/books
     
    • • •
     
    ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
     
    Ken's company: https://mccompanies.com
     
    • • •
     
    DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.
     
    Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.
     
    Comments that are off-topic, offensive, or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.
     
    © 2024 KenMcElroy.com, LLC. All Rights Reserved.
    38 min
  • Real Estate Investing Just Changed Drastically (Something Big Has Happened)
    Join Ken McElroy at the Limitless Expo to learn expert strategies for building wealth and achieving financial freedom. This event offers innovative tools, resources, and networking opportunities to help you succeed in uncertain times. Gain practical insights and the confidence needed to take control of your financial future. Use the discount code ‘Ken10’ to get 10% off your ticket and gain the confidence needed to take control of your financial future

    Sign-up for Limitless Tickets: https://bit.ly/3xL2hcj

    Ken and Danille McElroy explore the critical changes in real estate investing that you need to be aware of. From rising expenses to the pitfalls of adjustable-rate loans, we cover everything you need to know to stay ahead in the market.

    • • • 

    Visit Ken's Bookstore: https://kenmcelroy.com/books
     
    • • •
     
    ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
     
    Ken's company: https://mccompanies.com
     
    • • •
     
    DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.
     
    Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.

    Comments that are off-topic, offensive, or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.
     
    © 2024 KenMcElroy.com, LLC. All Rights Reserved.
    34 min
  • Creative ways to real estate investing w/ Pace Morby
    Sign-up for the Limitless Expo conference by following this link, price increases July 1st: https://limitlessexpo.com

    In this conversation with Pace Morby, Ken and Danille McElroy talk with him about his creative real estate investing techniques and gather his insights on buying properties with no money down, leveraging "subject to" deals, and navigating high interest rates. This podcast provides actionable strategies for newbies and seasoned investors to thrive in today’s market.

    To learn more about Pace check out his Instagram account at: https://www.instagram.com/pacemorby

    He also has a YouTube Channel at: https://www.youtube.com/@PaceMorby

    Check out Pace's new book: https://amzn.to/45LnwHv

    • • • 

    Visit Ken's Bookstore: https://kenmcelroy.com/books
     
    • • •
     
    ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
     
    Ken's company: https://mccompanies.com
     
    • • •
     
    DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.
     
    Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.
     
    Comments that are off-topic, offensive, or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.
     
    © 2024 KenMcElroy.com, LLC. All Rights Reserved.
    1 hr 16 min
  • A Grim Warning to Home Buyers (It's Getting Worse) - Live Stream Replay
    Ken and Danille McElroy discuss the current economic landscape related to the skyrocketing US home prices and the worsening supply and demand crisis. Learn why the housing market is becoming increasingly challenging for buyers.

    To see the slides that are referred to in this podcast follow this link to view in a Dropobox folder. https://www.dropbox.com/scl/fo/to8vujsbfltvo88419vcl/AJukyqBEXiRASii5tBQf-LE?rlkey=cw0ejrwgwb9drrerlsp5d6we6&dl=0

    • • • 

    Visit Ken's Bookstore: https://kenmcelroy.com/books
     
    • • •
     
    ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
     
    Ken's company: https://mccompanies.com
     
    • • •
     
    DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.
     
    Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.
     
    Comments that are off-topic, offensive, or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.
     
    © 2024 KenMcElroy.com, LLC. All Rights Reserved.
    39 min
  • Hidden Real Estate Niches That Are Thriving in 2024: Insights Brandon Turner
    Sign up for the exclusive Limitless Webinar on exactly how Ken is going to buy $1 billion of RE in the next 18 months : https://go.limitlessexpo.com/join-a

    Webinar will be on June 25, 2024 at 5PM PT.

    Ken McElroy and Brandon Turner chat about the most promising real estate niches for 2024. From mobile home parks to assisted living, they discuss unique investment opportunities that are thriving despite market challenges.

    • • • 

    Visit Ken's Bookstore: https://kenmcelroy.com/books
    • • •
     
    ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
     
    Ken's company: https://mccompanies.com
     
    • • •
     
    DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.
     
    Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.
     
    Comments that are off-topic, offensive, or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.
     
    © 2024 KenMcElroy.com, LLC. All Rights Reserved.

    #realestate #realestateinvesting #KenMcElroy #BrandonTurner #realestatestrategies #realestatepodcast #investmentopportunities #mobilehomeparks #assistedliving #cashflow #nichemarkets #2024realestatetrends #rentbytheroom #ADUs #RVparks #coliving #recessionproofinvestments #propertymanagement #realestateniches #seniorliving #financialfreedom #passiveincome
    40 min
  • Capital Calls and Market Opportunities: A Deep Dive with Jim Pfeifer
    Be sure to sign up for the real estate webinar with Ken and Tarl Yarber: https://go.limitlessexpo.com/join-a

    In this episode of the Real Estate Strategies podcast, Ken and Danille McElroy talk with Jim Pfeifer from Left Field Investors. They discuss the challenges and opportunities LP investors face in today’s volatile market, focusing on capital calls, market timing, and strategic diversification.

    • • • 

    Visit Ken's Bookstore: https://kenmcelroy.com/books
     
    • • •
     
    ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
     
    Ken's company: https://mccompanies.com
     
    • • •
     
    DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.
     
    Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.
     
    Comments that are off-topic, offensive, or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.
     
    © 2024 KenMcElroy.com, LLC. All Rights Reserved.

    #realestatestrategies #LPinvestors #JimPfeifer #LeftfieldInvestors #capitalcalls #marketuncertainty #investmentopportunities #multifamilyinvestments #syndications #propertymanagement #assetmanagement #interestrates #valueaddstrategy #bridgeloans #fixedratedebt #cashflow #operatorselection #realestatemarket #economicoutlook #diversification #realestateinvesting #investmentcommunity #realestatepodcast #financialstrategies #economictrends #investorcommunication #marketanalysis #strategicinvesting #investmentrisk #propertysyndication #realestateconference #marketpredictions #investmentlessons #financialplanning #realestatetips #multifamilymarket #economicforecast
    41 min
  • The Fed Will Be FORCED to Lower Rates , Here's Why
    Check out the Limitless conference and sign up: https://limitlessexpo.com Use KEN10 to get 10% off your registration.

    Ken and Danille McElroy discuss the current economic landscape, highlighting why global central banks are cutting rates and why the FED might soon follow. They delve into the implications of rising unemployment and slowing consumer spending on the FED’s decision-making process.

    • • • 

    Visit Ken's Bookstore: https://kenmcelroy.com/books 

    • • • 

    ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive. 

    Ken's company: https://mccompanies.com
     
    • • •
     
    DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.
     
    Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.
     
    Comments that are off-topic, offensive, or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.
     
    © 2024 KenMcElroy.com, LLC. All Rights Reserved.
    32 min
  • Unlocking True Wealth: The Essentials of Land and Resources
    Ken McElroy and Chris Martenson discuss the true meaning of wealth, contrasting real assets with fiat currency. Discover how understanding the hierarchy of wealth can protect and enhance your financial future.

    • • • 

    Visit Ken's Bookstore: https://kenmcelroy.com/books
     
    • • •
     
    ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
     
    Ken's company: https://mccompanies.com
     
    • • •
     
    DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.
     
    Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.
     
    Comments that are off-topic, offensive, or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.
     
    © 2024 KenMcElroy.com, LLC. All Rights Reserved.

    52 min
  • Immigration Could Be the Housing Market Black Swan Event NO ONE Is Ready For
    Free Webinar with Danille McElroy - "Inflation Survival Guide" - signup at this link: https://kenmcelroy.com/webinars

    Ken and Danille McElroy discuss how immigration impacts the housing market, highlighting the overall effect of immigration on home values and rent prices.

    The slides mentioned in this podcast can be viewed at this link: https://www.dropbox.com/scl/fo/fvkbo310qyxtuc7z0e508/AKemvKgoj8XmQbnYbNA5lk8?rlkey=zsh5gt3hlo73s4lqkkcy40254&st=wwpq2t69&dl=0

    • • • 

    Visit Ken's Bookstore: https://kenmcelroy.com/books
     
    • • •
     
    ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
     
    Ken's company: https://mccompanies.com
     
    • • •
     
    DISCLAIMERS: Any information or advice available on this podcast is intended for educational and general guidance only. Ken McElroy and KenMcElroy.com, LLC shall not be liable for any direct, incidental, consequential, indirect, or punitive damages arising out of access to or use of any of the content available on this podcast. Consult a financial advisor or other wealth management professional before you make investments of any kind.
     
    Although Ken McElroy and his affiliates take all reasonable care to ensure that the contents of this podcast are accurate and up-to-date, all information contained on it is provided ‘as is.’ Ken McElroy makes no warranties or representations of any kind concerning the accuracy or suitability of the information contained on this podcast. Any links to other websites are provided only as a convenience and KenMcElroy.com, LLC encourages you to read the privacy statements of any third-party websites. All comments will be reviewed by the KenMcElroy.com staff and may be deleted if deemed inappropriate.
     
    Comments that are off-topic, offensive, or promotional will not be posted. The comments/posts are from members of the public and do not necessarily reflect the views of Ken McElroy and his affiliates.
     
    © 2024 KenMcElroy.com, LLC. All Rights Reserved.
    42 min

About Ken McElroy Show

From the publisher's feed

The Ken McElroy Show is your weekly meet-up where real estate entrepreneur and CEO Ken McElroy shares his personal experiences and the strategies he’s implemented throughout his career, from his first…

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