This is an iHeart podcast. Guaranteed human. No one knows what the future holds, but you deserve a weather app that can help. Weatherbug is easy to use and provides forecasts for your every need, from storm warnings to pollen levels, right at your fingertips. Get the fastest local alerts and comprehensive 10-day forecasts wherever you are.
It's hyper-local, real-time, customizable alerts. Make sure the weather never takes you by surprise so you can plan every day with confidence. Download the free weather bug app from the App Store today and start getting accurate weather forecasts 24-7. To test the new Pathfinder, Nissan turned to the boldest creators of all. Kids.
Their drawings sparked a wild idea. Brought to life by a Hollywood director, a stunt team, and the SUV that makes the unthinkable unforgettable. No tricks, just V6 power, practical effects, and the rugged new Pathfinder. Watch how it all came together and discover why JD Power ranks Nissan number one in new vehicle quality among mainstream brands. For JD Power 2025 U.S.
Initial Quality Study Award information, visit jdpower.com/slash awards. Awards based on 2025 model year. Newer models may be shown. Support for the show comes from Public, the investing platform for those who take it seriously. On Public, you can build a multi-asset portfolio of stocks, bonds, options, crypto, and now generated assets, which allow you to turn any idea into an investable index with AI.
It all starts with your prompt. From renewable energy companies with high-free cash flow to semiconductor suppliers growing revenue over 20% year over year, you can literally type any prompt and put the AI to work. It screens thousands of stocks, builds a one-of-a-kind index, and lets you backtest it against the SP 500. Then you can invest in a few clicks. Generated assets are like ETFs with infinite possibilities, completely customizable and based on your thesis, not someone else's.
Go to public.com/slash podcast and earn an uncapped 1% bonus when you transfer your portfolio. That's public.com/slash podcast. Paid for by Public Investing. Brokerage Services by Open to the Public Investing Inc., member FINRA and SIPC. Advisory Services by Public Advisors LLC, SEC Registered Advisor.
Generated Assets is an interactive analysis tool. Output is for informational purposes only and is not an investment recommendation or advice. Complete disclosures are available at public.com/slash disclosures. Yeah. Are you trying to get weight loss support through telehealth, but it feels overwhelming and rushed?
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So your experience stays private from start to finish. Do your research, ask the right questions, then visit orderlymeds.com slash podcast for an exclusive offer. Again, that's orderlymeds.com slash podcast. Individual results may vary not medical advice eligibility required. See site for details.
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Own the dream. This is Our American Stories, and up next.
Well, it's time for our Faith in Action series, where we tell you stories about how people of faith live it out in the public square. Alex Cortez brings us. Today's story. Steve Trice with his two sons lead Jasco Products, a nine-figure electrical products company. We gave away.
All of Jasco products to a trust. and we get nothing. and can take nothing out of the trust. the trust is required to give a minimum of 50%. to charity.
We give away all available profits of the company. It's 50% of our profits, but if you take 50% of profits And you add to it taxes, and you add to what the company needs to grow on. We give away all of the available profits, giving away 50%.
So Jasco Products has no human owners anymore. My sons and I get a market salary. and a market bonus. And with a company of this size, market salary, and market bonus, I would offer needs more than that. You know?
We don't need jet airplanes and We live well. But as Christians, we all say that God owns it all. that God owns my business. If God owns my business, who owns the profit from the business?
Now I deserve a salary. I deserve a bonus for whatever the incentive program is for what I do for the company. But who owns the profit of the business? If God owns the business, he owns the profit. And so they go to him.
And with Steve and his family not hogging all the profits for themselves, they could do quite a lot for all of their employees who are also helping produce all of these profits. We took a look a few years ago at how we can best minister to them. and we have a company chaplain. That's available to them 24-7. In fact, we now have.
three companies, chaplains. that are available to them 24-7. If they've been with the company for a year, They can get a full ride scholarship to Mid-America Christian University. either online or on campus, night school if you will. That's available to all of our team.
or they can get to another Christian school if they live somewhere else. but MetAmerica is everywhere online. We do Bible studies for couples. We have a class that we call Raising Kids God's Way.
So we have a class to teach. parents how to train up their children. We use Dave Ramsey's financial piece at work. to teach them how to work with their money and how to save and how to get out of debt. and how to do all that biblically.
And you know, if you listen to that, well We train them how to be the individual. We train them with the company chaplain. Mid-America Christian University, Bible studies for individuals, Bible studies for couples, Bible studies for couples training up their children. teaching them how to manage their money. And we also teach them how to give it away.
We match up to $5,000. they're giving not to their church but to other ministries. we match their time. with up to $15 an hour. And when they give their time to a ministry.
We match it and we'll give up for the amount of time that they give to that ministry. We'll send that ministry a check. for $15 an hour for their time. And if you take all those things that I just told you, To the best of our ability, we're treating the whole person. We sell all of the major mass merchants across the country, and I used to think, how would we witness to them?
And lo and behold, they started coming here. We got to be important enough to them. that groups from Target, groups from Walmart, groups from the Home Depot, et cetera, come here. for meetings. And the first part of our meeting, We always show them videos.
of what their profits are doing, the profits that we make off of their business. are doing to help people all over the world. We had an executive vice president here a couple of years ago. from the Home Depot. A guy named Giles Bowman.
And we have a water four.
well outside, a hand-drilled well. And Water 4 is a ministry in Africa that is working at wiping out the water crisis. and they drill wells in all these villages. And the clean water, you know, the women were walking 20 miles a day bringing dirty water out of a pond. back to their family.
And now all of a sudden the clean water comes up out of the ground right under their feet. And they get a message about that's the clean water and let us tell you about the living water of Jesus Christ. and then they disciple the people and then train them how to drill wells. You know, at the end of showing people all those things. They say, why in the world Would you give away all of the profits of the company.
to you know i mean is that i mean they think that's really bizarre And they say, why would you do it? 1 Peter 3, 15 and 16 says, Always. Be prepared to give an answer to everyone. who asks you to give the reason for the hope that you have. but do this with gentleness and respect.
You know? And so we show them all that and when they ask us why, We tell them it's the Lord's ministry. And we explained to them why we serve the Lord. Mm. and gives us an opportunity to share the gospel.
of Jesus Christ and spread the gospel which Mark 16, 15, go into all the world and preach the gospel to all creation. And so we get to do that with our major customers that one would think the environment's very sterile. I've got pictures of Giles out there drilling a well. And that night We all went to dinner and Giles got up and shared his testimony. with all of our people and with the Home Depot team.
Beautiful testimony. He said, usually when we when we walk in the door, We're shuffled off to a conference room and they start showing us slides of all the product. that they want us to buy. And he said, this is the first time we ever came in and you spent the first half a day showing us what our profits are doing to benefit people all over the world.
So That's who we are and that's kind of what we do. If you walk in the front, of our corporate offices in Oklahoma City. and you look up over the the foyer. You see a great big mural that says a whole lot of things and intertwined into it. It says things like the power of one God.
and Christ-centered. And my sons. redesigned the building a few years ago. and I had never seen that mural. and I walked in the front door and I said, Guys That's beautiful.
But Aren't you concerned that The high up ranking people from the largest mass merchants in this country. Come walking in that front door? Aren't you concerned that somebody is going to feel offended? You know? And my eldest son Jason said, Dad?
That's who we are. And he said, we can't deny. who we are. And if it costs us business, it costs his business.
Some of the greatest words I ever heard out of one of my sons. You know? And no, to the best of our knowledge, it's never cost us any business. On the other hand, because of what they see us doing with the profits, that it's helped our business, not hurt it. and our business continues to grow and grow and grow.
And we've got stories about people that work for those major mass merchants. that have come into or deepened their walk with the Lord because of things they heard here. What a remarkable story about a, in essence, a family business that isn't owned by the family anymore. and indeed isn't owned by anybody. A beautiful story about faith and action.
And by the way, the son is teaching their father a little something. Because the sons are just who they are, and in this great country, you can be who you are. No matter what your faith, where you came from, your ethnic heritage. That's the beautiful part of this country. We don't punish each other for who we are.
We love each other for who we are. When we come back, More of Steve Trice's story, Our Faith in Action series continues. No one knows what the future holds, but you deserve a weather app that can help. Weatherbug is easy to use and provides forecasts for your every need, from storm warnings to pollen levels, right at your fingertips. Get the fastest local alerts and comprehensive 10-day forecasts wherever you are.
It's hyper-local, real-time, customizable alerts. Make sure the weather never takes you by surprise so you can plan every day with confidence. Download the free weather bug app from the App Store today and start getting accurate weather forecasts 24-7. To test the new Pathfinder, Nissan turned to the boldest creators of all. Kids, their drawings sparked a wild idea, brought to life by a Hollywood director, a stunt team, and the SUV that makes the unthinkable unforgettable.
No tricks, just V6 power, practical effects, and the rugged new Pathfinder. Watch how it all came together and discover why JD Power ranks Nissan number one in new vehicle quality among mainstream brands. For JD Power 2025 U.S. Initial Quality Study Award information, visit jdpower.com slash awards. Awards based on 2025 model year.
Newer models may be shown. Support for the show comes from Public, the investing platform for those who take it seriously. On Public, you can build a multi-asset portfolio of stocks, bonds, options, crypto, and now generated assets, which allow you to turn any idea into an investable index with AI. It all starts with your prompt. From renewable energy companies with high-free cash flow to semiconductor suppliers growing revenue over 20% year over year, you can literally type any prompt and put the AI to work.
It screens thousands of stocks, builds a one-of-a-kind index, and lets you backtest it against the SP 500. Then you can invest in a few clicks. Generated assets are like ETFs with infinite possibilities, completely customizable and based on your thesis, not someone else's. Go to public.com/slash podcast and earn an uncapped 1% bonus when you transfer your portfolio. That's public.com/slash podcast.
Paid for by Public Investing. Brokerage Services by Open to the Public Investing Inc., member FINRA and SIPC. Advisory Services by Public Advisors LLC, SEC Registered Advisor. Generated Assets is an interactive analysis tool. Output is for informational purposes only and is not an investment recommendation or advice.
Complete disclosures are available at public.com/slash disclosures. Yeah. When people turn to healthcare for weight loss, they're looking for real support. That's why more people are choosing orderlymeds.com. Orderly Meds connects you with real doctors and access to proven GLP-1 medications like semaglutide and terzepatide.
No guessing, just a more supportive experience. And all shipped directly to your door in discrete packaging. Do your research, ask questions, then visit orderlymeds.com/slash podcast for an exclusive offer. That's orderlymeds.com/slash podcast. Individual results may vary, not medical advice, eligibility required, see cite for details.
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And we continue with our American stories and with the story of Jasco products. the company that serves their employees and gives away all available profits. Let's return to their founder. Steve Trice. I listened to a seminar and I heard what the minimum salary was for the poverty level.
And when I heard that number, I started calculating what our warehouse people were making we were paying the market rates at the time.
Well, that was fine. But to support a family of four. it was below the poverty rate. And so we got together and prayed. and determined that we would raise their salary to above.
The poverty rate, and we pay an incentive on top of that, an incentive based on profits for everybody that works in the company. And the fascinating thing about that, there was a cost, a big cost. to making that raise for that many people. And in the next year, we became so much more efficient in the warehouse By employing the right people that wanted the jobs and so on and so forth. we ended up Making money.
on doing it. And frankly, That's what the Lord has taught me. about giving Over and over and over. Go back to when I started walking with the Lord. As you progress, and it's a progressive thing, I had learned to tithe individually, giving 10% of Nianza my personal income, but come 1997, I was moved and led by the Lord to start tithing on corporate profits.
So I'd really do in thinking and praying about that. In that same year, in October of that year, We had a man come to us that owned a factory. that was making a product for us. an antenna. and he needed $300,000.
To make the antennas, and he asked me, he'd run short, his business was growing, and he asked me if he could borrow $300,000. And he said, oh, and I'll pay you 12% interest. I know that sounds like a lot today. That was the going rate back then. And it was guaranteed by the product that he was going to produce for us.
So I said, well, that's a good deal. And his name was Randy. And I said, Randy, absolutely. You know, we'd love to do that. He said, and by the way, though, I want to give you X number of shares in our publicly held company.
And he said, it's not worth anything, hardly, but want to give it to you. And I said, Randy, you don't have to do that. And he said, Steve, I've always wanted you to own stock in our company. And it's a gift. And I was okay.
And I gave it to my CFO. And I told him, you know, here, put that in the drawer. It's another asset of the company. It's not worth much. But anyway.
That was in October of 1997. And I'd been talking to my CFO about we're going to start tithing on corporate profits. And my CFO said, no, Steve. We can't do that. We're highly leveraged.
We owe too much money. We need to take every penny that we get our hands on and give it to the bank. And I prayed about it, and I said, no, Scott. We are going to start tithing this year on company profits. Got to the end of that year.
and I'm dramatizing. I had a death grip. on the one hundred thousand dollar check. That We were going to give away. And At 1159, I'm dramatizing, on December the 31st.
I let it go. And it was close, again, it was probably the 25th, you know. But uh I let it go. Literally. on the twelfth day of January.
of 1998. Scott Busby, my CFO at the time. walked in the door, And he said, Steve, you remember that stock that Randy gave you? back in uh uh October. And I said, well, sure.
And he said, it just went to $1.24 a share. Mm. And I said. Uh Great. What does that mean?
He said it means it's worth $750,000. And I said, what? And he said, what do you want me to do with it? And I said, sell it. Two days later, stock went back down.
Uh I asked Randy, why did the stock go up? And then back down. He said, Steve, I have no idea. There was no reason for that stock to go up. It just happened.
The Lord taught me, Alex. That day. that you will never Out give me. You can't. Out, give me.
2 Corinthians 9. 6 through 11. says, now this I say, He who sows sparingly will also reap sparingly. He who sows bountifully will also reap bountifully. Each one must do just as he has purposed in his heart, not grudgingly or under compulsion, for God loves a cheerful giver.
And God is able to make all grace abound to you, so that always, having all sufficiency in everything, you will have an abundance for every good deed. As it is written, He scattered abroad, He gave to the poor, His righteousness endures forever.
Now he who supplies seed to the sower and bread for food will supply and multiply your seed for sowing and will increase the harvest of your righteousness and you will be enriched in all liberality which through us is producing thanksgivings to God.
So we gradually started giving more. and more. and more. And we got to 2008, you'll remember the Great Recession. We were at that point giving away about 25%.
And Suddenly Less footsteps in all those mass retailers' stores. and our business dropped off. very quickly. Almost twenty five percent. We were talking about layoffs.
My sons and I went to our knees and we started praying. Lord, what would you have us do? How do we do layoffs with integrity? All Three others. got back together.
and we came back with the same thing. that the Lord wanted us to double our giving. I remember the thought. Wait a minute. Revenues are going down.
Business has been very good before that happened so quickly. Expenses are going up. And you want us to not only increase our giving a little bit, you want us to double our giving from 25 to 50 percent. We said we had the faith to do it before. We're going to have the faith to do it now.
We did it. that year, 2008. The footsteps didn't come back. in two thousand nine. But we increase market share.
Faster than we ever had, and we had record years in 2009, 10, 11, and 12. That's what God has done in this company. He put it on our hearts. No layoffs, double your giving. And the business grew.
dramatically. And you've been listening to Steve Trice. Tell the story of Jasco Products. and how they go about their business. And a special thanks to Bill High for telling us about Steve's story.
Bill is the founder of The Signatory, which has helped generous families give over $2 billion to ministries around the world. You can learn more about their work at The Signatory. Dot com. Steve Trice's story, Our Faith in Action series. Here.
on our American story. Uh No one knows what the future holds, but you deserve a weather app that can help. Weatherbug is easy to use and provides forecasts for your every need, from storm warnings to pollen levels, right at your fingertips. Get the fastest local alerts and comprehensive 10-day forecasts wherever you are. It's hyper-local, real-time, customizable alerts.
Make sure the weather never takes you by surprise so you can plan every day with confidence. Download the free weather bug app from the App Store today and start getting accurate weather forecasts 24-7. To test the new Pathfinder, Nissan turned to the boldest creators of all. Kids, their drawings sparked a wild idea, brought to life by a Hollywood director, a stunt team, and the SUV that makes the unthinkable unforgettable. No tricks, just V6 power, practical effects, and the rugged new Pathfinder.
Watch how it all came together and discover why JD Power ranks Nissan number one in new vehicle quality among mainstream brands. For JD Power 2025 U.S. Initial Quality Study Award information, visit jdpower.com slash awards. Awards based on 2025 model year. Newer models may be shown.
This is Julian Edelman from Games with Names. I want to take a second to talk about something that's personal to me. I've had the privilege of working closely with Robert Kraft for a long time. And one thing I've always respected is how seriously he takes up standing up to hate. As a Jewish athlete my identity is something I am proud of.
But I also know what it feels like to be singled out for it. That's why this new commercial for the Blue Square Alliance Against Hate that aired during the big game really hit home. It's about showing up for someone when they're targeted, even if you don't have the perfect words. And sometimes standing next to someone is enough. And you can show support by sharing the blue square.
Lots of support through telehealth, but it feels overwhelming and rushed. Check out orderlymeds.com now. Orderlymeds.com was built to be different. Here, you connect with real doctors who take the time to understand your goals, review your eligibility, and guide you through a plan that's right for you. Orderly Meds provides access to proven GLP-1 medications like semaglutide and terzepatide, including both name-brand options and personalized compound versions when appropriate.
So you have choices backed by clinical oversight, not guesswork. It's a simpler, more supportive telehealth experience designed around people who want clarity, care, and confidence in their weight loss journey. Your medication is delivered directly to your home in discrete packaging, so your experience stays private from start to finish. Do your research, ask the right questions, then visit orderlymeds.com/slash podcast for an exclusive offer. Again, that's orderlymeds.com/slash podcast.
Individual results may vary not medical advice eligibility required. See site for details. Huh. Sink into affordable luxury. Anibay is the only machine-washable sofa inside and out.
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