Sat, 26 September 2020
Zoom Virtual Event: October 17th, 2020
Early Bird Admission: PandemicInvesting.com
Get Instant access to Jason Hartman’s newest report, you'll learn…
Direct download: YW_Special_Announcement__Pandemic_Investing_Summit.mp3
Category:general -- posted at: 10:00am EDT
Fri, 28 August 2020
Jason Hartman interviews Bob Bly, author of over 100 books. Today, Bob discusses how to get traffic to your website, convert people, and have a more successful business. Bob shares tips and tricks about SEO placement and different uses of marketing to build your multi-channel program. Bob and Jason also discuss the customer experience and the importance of building platforms designed around their thoughts.
[2:15] Bob opens with a quick explanation of the customer journey online.
[3:30] What are some ways to drive traffic to your website?
[4:00] Explaining affiliate marketing for online traffic.
[7:45] Pros/Cons of long copy vs. a short copy.
[10:45] Bob goes through credibility with web design.
[14:00] SEO should be stronger set on the main site, and the sales aspect should be saved for the microsite.
[15:00] The best marketers have integrated multi-channel programs or campaigns to grow their visibility.
[16:45] When a potential customer is on your site, they either buy the product or leave. Make sure you capture their name and email address.
[18:30] Bob’s fundamental tips on how to be a good copywriter.
[21:15] Why are sales letters so long?
A GIFT FROM BOB BLY: www.bly.com/digital
Direct download: YW_Bob_Bly_Digital_Marketing_Handbook_Traffic__Copy_Conversation.mp3
Category:general -- posted at: 12:00pm EDT
Fri, 21 August 2020
Jason Hartman talks with Ross Wordon in today’s client case study. Ross Wordon started a fast-growing business from an Etsy store. His early interest in real estate sent him on an investment quest. After being a devoted listener of more than 500 episodes, he managed to purchase his first investment property and set into motion a plan to own 93 properties in 10 years. Jason and Ross break down Ross’s strategy to grow his investment portfolio and discuss options for growth and the financial freedom date.
[1:45] Since the Coronavirus outbreak; Travel is only 17% of what it was a year ago.
[6:00] Discussing wanderlust from the perspective of someone who’s business revolves around people’s desire to travel, amid a pandemic.
[9:00] Ross shares his early interest in real estate.
[12:30] Breaking down a 7-year real estate investment strategy.
[21:00] Jason and Ross talk about the compounding effect of staying the course. 93 properties in 10 years.
Fri, 14 August 2020
How much more can I borrow with interest rates this low? Jason Hartman shares some great news about mortgage rates and takes you through some strategy to take advantage of them. This investment discourse is built on United Wholesale Mortgage (UWM) announcing today that they are rolling our a loan program that offers mortgage rates as low as 1.99%.
[1:10] Mortgage interest rates: UWM announced today that it’s rolling out a loan program that offers mortgage rates as low as 1.99%
[8:00] What if you could only get a 10-year mortgage?
[15:30] Mortgage hypotheticals: How much can I borrow today?
Fri, 31 July 2020
Necessity is the mother of all invention, so let’s talk about creative destruction. The world is fast-tracking technology, and everyone is on zoom. The changes to our everyday culture have changed due to coronavirus. Jason and Evan discuss being adaptable to your environment and how to position yourself properly.
What is a rentier ränˈtyā? Be a part of the elite, provide a service and safety, and understand the concept of economy rent.
[3:00] Necessity is the mother of invention, talking about creative destruction.
[4:15] Location isn’t as important anymore: the big city has less draw. You can live anywhere in the world now with the work-from-home application.
[8:15] You’ve got to be adaptable in an environment like this.
[9:45] The answer to any reasonable question is yes.
[10:00] The Rentier Class
[17:00] Some economic ideas, even Keynesian ideas, are counterintuitive.
[18:30] Understanding the concept of economic rent being in the rentier class.
[22:45] When you buy a house, you are purchasing an asset that cannot be duplicated.
[27:16] Compared to the amount of money creating, inflation has been low.
[35:00] Briefly, how can investors profit from multi-generational living?
Fri, 24 July 2020
Real Estate Star, Bryan Casella joins Jason Hartman from sunny California to share tips on getting started in real estate. This interview is all about having a top producer mindset. Bryan shares his story from pro basketball to real estate broker and the tips he’s learned about being on a high level of success. Bryan answers questions about what he studied to gain the knowledge and tactics he used to get ahead.
[2:00] How did you go from a professional basketball player to a real estate broker?
[6:00] “Getting started and door knocking was my claim to fame.” - Casella
[7:13] Were you prospecting in a sort of shotgun-style, or farming specific areas?
[8:45] In regards to career-advancing, Casella studied the greats and got certified in hypnotism. Mind and communication versus sales and techniques.
[12:00] Are you the agent concerned about the latest and greatest tech, shotgun, and sweat, or combining the two?
[15:12] It’s the Production versus Production Capacity balance.
Fri, 17 July 2020
Jason Hartman talks with Josh Simon, distinguishing different types of commercial real estate, and how they were affected by coronavirus. Most of the media was publishing that commercial real estate is suffering, but it's important to distinguish what kind. Commercial spaces have shifted from experiential to essential, but most successful companies are making adjustments along the way.
New York and California, and similar high-density areas are having trouble enforcing social distancing. How will this affect possible migrations away from heavily populated areas, and the commercial property within? As these changes are made, and commercial spaces are being reused, what kind of zoning problems might come up?
[3:45] While the news has published what they are calling disaster in retail spaces, Josh Simon clarifies exactly which retail spaces are struggling the most.
[5:15] Commercial space has moved largely from experiential to essential.
[11:25] The grocery store will likely get smaller over time with the needs for the center store shrinking.
[13:45] Discussing the trend of businesses adapting to drive-thru, curbside and to-go services.
[17:30] Commercial real estate stats for rent collection.
[23:45] How will New York and California, or any other high-density area, be able to enforce social distancing?
[28:35] How will specialized asset classes do through coronavirus, like self-storage?
[30:00] Are we going to see zoning issues turning some of these commercial spaces into alternative uses?
Fri, 10 July 2020
Mike Robbins joins us for some important lessons in mental health and dealing with grief. We are all grieving together, for ourselves and for those that surround us. It’s time to stop, pause, and reflect. How can we focus on the moment?
[5:45] Perspective is important, and when we are in the middle of something, it’s difficult to have perspective on it
[7:30] Even though it may not seem like it right now, you have more than this requires
[8:15] If we are experiencing difficulty the common element is that we are focusing internally instead of externally
[11:30] The world has intervened in a way, and forced all of us to stop, pause, and reflect
[17:30] How do we focus on the moment?
[23:30] You can control your attitude and you can control your effort, everything else is some form of out of your control
Fri, 3 July 2020
169: 3,000 Year Rates, Inventory, Forbearance & Market Cycles, How an Economy Grows & Why It Crashes Patrick Donohoe
Pat Donohoe returns to the show to discuss how it is that an economy grows. The keyword here is debt. Debt is priced into everything and used for growth. Jason Hartman asks, “have the rules changes in an era of riots and civil unrest? Bailouts for everyone!
[1:25] Have the rules changed in an era of riots and civil unrest?
[4:45] Sometimes, you need contrast to understand the value of one system.
[9:00] If someone makes a poor choice, there is no bailout.
[13:00] Debt is priced into everything. It fuels the economy.
[14:45] If you want to create real wealth, you simply must have capital formation.
Sat, 20 June 2020
Dan Franks joins Jason today as part of a client case study. Dan is a former CPA, happy to have handed off the CPA duties to someone else as he manages his investment portfolio. As a fellow podcaster, he understands the value of information through podcasting and is here to share his story as a twelve-year listener of this show, and real estate investor.
[2:30] Dan Franks, the first podcast ever listened to was Creating Wealth.
Now, the Podcast Movement
[8:00] How and where did you get started investing?
[9:30] What got you interested in real estate, and the podcast?
[12:00] What was step two for real estate investing?
[17:00] When hiring an accountant, it’s great to find out if they speak the lingo of someone involved in real estate investing.
[20:00] How did this transform from investment to real estate business for you?
[26:15] What are your goals with your real estate portfolio?
Fri, 12 June 2020
Banks are worried, lenders are tightening up, and the overall mortgage process has changed. Aaron Kopelson discusses with Jason Hartman, some of the biggest changes he has seen in the last few months.
[1:30] One of the mortgage lenders' current biggest fears, and reason for tightening up, is an early payment default or a first payment default.
[3:00] What is a jumbo loan, and what defines the limits per market?
[5:00] There’s no appetite from investors that want to buy mortgage-backed securities for these non-QM loans.
[7:00] Real estate is a credit backed asset. When the financing starts to dry up, so do the prices.
[10:00] Nobody was paid to put the breaks on and look at where we ended up (2008 recession)?
[11:20] Fannie and Freddie are allowing for drive-by and desktop appraisals.
[14:25] Is mortgage insurance allowed on investment properties?
[18:10] V.O.E. Verification of Employment
[19:45] What’s an overlay?
Fri, 5 June 2020
Ryan Moran, author of, 12 Months to $1 Million, joins Jason today to discuss some of his tactics that led to his success. Sometimes better business isn’t about what you sell, but more-so, how your business is focused. While we often think of the question, “what is the product,” the focus needs to be, “who is the audience?” As well, Ryan shares his views on real estate investing and the economy, post-pandemic.
[4:20] “I’ve discovered that there are a lot of things not worth pursuing, but the pursuit is worth it.”
[10:15] “Minimum wage is an institution, something that you’re trying to force into society…”
[13:00] Moran, how did you get your career started, and what role did the early affiliate marketing role play in where you are today?
[15:20] Your business is determined not by what you sell, but who you sell to.
[16:50] The game is about building to an audience quickly, and monetizing to that audience.
[17:00] What Joe Rogan did for Spotify!
[20:10] What’s the extent of e-commerce beyond Amazon?
[21:00] Eventually we will drop the E in e-commerce.
[22:00] What goes on outside the Amazon world?
[26:00] Is the magic question, “what’s the product?”
[32:00] You can have two brands for the same product, and market them to two audiences. They can both be wildly successful.
[42:00] Real estate trends post Coronavirus.
[46:00] Cocooning, from home theatre systems to home gyms.
[50:00] Considering the Federal Reserve the fourth branch of government.
Fri, 29 May 2020
Jason Hartman and Rabbi Evan Moffic talk about the big migration out of high density areas. Starting in 2016 a trend of moving to low density areas started to grow and the pandemic has encouraged the departure from more densely populated areas. While these trends may rely heavily on the wants and needs of Generation Z, health issues and worker experiences might speed up the migration.
[4:00] Pandemic proved how densely we are living, and also how successfully you can live working remotely
[7:00] Starting in 2016, a trend of non-metropolitan counties were gaining population more-so than metropolitan counties
[9:45] A lot of the migration trends could depend a lot on Generation Z
[13:00] What led you to believe that this mass migration to lower density living would occur?
[16:40] The average population density (APD) of the U.S.A. is only 87 people per square mile
[17:28] The APD of metropolitan areas of the U.S.A. is 283 people per square mile, and the APD of New York City is 27,000 people per square mile
[21:30] The rise of socialism
[25:30] “Expansions make millionaires, recessions and depressions make billionaires”
[26:20] “In a recession or a depression, the person who wins is the person who loses the least”
Direct download: YW_1441_Profit_From_Migration_Tidal_Wave__Big_Government_-_Evan_Moffic.mp3
Category:general -- posted at: 12:00pm EDT
Fri, 15 May 2020
Escape to the suburbs! Jason Hartman and Evan Moffic discuss the changes approaching in how we look at our homes. With the benefit of work and school being just a few feet away from our beds, we are all looking to improve our homes. And for those that are currently renting an apartment in the high-density, urban environments, a move in the direction of suburban-living is looking more and more promising. Homebuilders are saying that they are already seeing the effects of this growing trend.
Fannie Mae and Freddie Mac are buying loans in forbearance and essentially they keep kicking the can down the road, delaying the inevitable.
[1;30] “Inflation is a disease of money, thus inflation may have become the oldest form of government finance…” - Jens O. Parrson
[7:00] Escape to the suburbs! All of the reasons why both present and past.
[9:00] People are cocooning in their house.
[13:30] Home improvement will climb as a home office and school space is needed, colleges will change their format, gyms will try new concepts.
[21:00] Homebuilders have seen sales jump as renters flee small urban apartments.
[24:30] Why Elon Musk is talking about moving Tesla out of California.
[27:20] FannieMae and FreddieMac are acting in a dysfunctional manner to bail out the system.
Fri, 8 May 2020
Jason Hartman shares sound advice on the top four reasons that a company fails. Steve Hochberg joins Jason to break down the methods of the Elliott Wave Principle. Listen to how the Elliott Wave Principle used collective investor psychology to predict 2020 stock market trends, without the influence of Coronavirus, as early as late 2019. Will we continue to see the stability of linear markets vs the volatility of cyclical markets, post-pandemic? Do recessions cause cautious businessmen or do cautious businessmen cause recessions?
[2:30] From a discussion: the four primary reasons a company fails
[4:00] Number one, FEAR - Faults, education, appearing, real
[5:15] Number two, mindset
[9:00] Number three, lack of connections
[11:30] Number four, Lacking systems and process
[15:20] What is going on in the financial world?
[17:00] Unfolding the Elliott Wave Principle
[18:20] “Late 2019, the U.S. economy had some very strong economic numbers, the social mood was very elevated, but there were some underlying problems going on”
[19:20] The yield curve: the three month U.S. Treasury bill yield minus the ten year U.S. Treasury note, had inverted, which was a key indicator in the last months of 2019.
[23:00] Cyclical vs linear markets, post-pandemic
[28:00] Do recessions cause cautious businessmen or do cautious businessmen cause recessions?
[30:00] An Elliot Wave is a hierarchical fractal, it has self-similar patterns at all degrees of the scale
[30:45] Why do you prefer the DOW over the S&P?
Direct download: YW_1447_Phillips_Curve_Elliot_Wave_Steve_Hochberg.mp3
Category:general -- posted at: 9:00pm EDT
Fri, 1 May 2020
Jason Hartman talks with Norm Champ, a partner in the New York office of Kirkland & Ellis LLP about preventing the next crisis. Find out some helpful financial tips from the author of Mastering Money: How to Beat Debt, and Be Prepared for Any Financial Crisis. As the former director of the Division of Investment Management at the U.S. Securities and Exchange Commission (SEC), Norm’s experience and viewpoint has many valuable lessons.
[2:05] Where is the next financial crisis going to come from?
[5:00] The home in which you live, is not necessarily something that needs to be owned
[11:00] Renting vs owning, taking care of the property is one of the major benefits to seeing ownership
[15:00] Understanding affinity fraud
[20:00] What is the Volker Rule? Was it supposed to replace the Glass-Steagall Act?
[28:00] There are some benefits from circulation between the private side and the public side
Mon, 27 April 2020
Today, Jason Hartman and George Gammon discuss topics such as, The Doom Vortex/feedback loop, oil prices, bonds, and what the world needs to prepare for the Coronavirus fallout. COVID-19 is playing a big role in economic changes and Jason and George break down some of the less obvious concepts of how this plays out. Today’s episode dives deep into understanding the relationships existing in the global market.
[3:05] The big differences between the Coronavirus and the normal Flu are the R Naught Value, and Serious (non-fatal) Complication Rate
[9:25] COVID-19: a tougher, more hardy virus, living outside of the body
[12:00] A supply shock and a demand shock in the U.S.?
[16:05] How the corporate bond markets and the credit markets are affected by the crash in oil, Coronavirus and everything bubble turning into an everything crash
[14:15] The stock market is like buying in cyclical real estate markets
[28:15] When Triple B bonds get downgraded to junk bonds
[34:25] Sooner or later, companies like Tesla or Uber will need to sell equity to generate the cash they need to sustain themselves, especially in a recession
[40:10] During a recession, tax receipts plummet
Fri, 24 April 2020
160: Coronavirus Quarantine Survivor “Where in the World is Juanita Ingram, Mommy Talk Live by Juanita Ingram
Coronavirus Quarantine Survivor, attorney, author, and actress, Juanita Ingram joins Jason Hartman to discuss Taiwan’s reaction to Coronavirus, approximately 30 days before it hit the U.S. What did Taiwan do right, and how did SARS prepare them for this problem. Born in Tennessee, and made her way through the U.K. and finally to Taiwan, hear Juanita’s perspective on the differences of culture and how Coronavirus was handled.
[1:45] What’s going on in Taiwan, so close to China?
[5:00] From Wuhan Virus to COVID-19, the changes made in Taiwan, approximately 30 days ahead of the U.S.
[6:45] After Taiwan’s experience with SARS, they had a pandemic plan in place. Taiwan is now being called the blueprint of what should’ve been done
[9:30] Taiwan’s cases escalated due to the import of cases from outside of the country.
[13:30] Two ER Doctors in Atlanta, Georgia that both tested positive. One is very sick, and the other is asymptomatic.
Tue, 21 April 2020
Stay Calm, Keep Good Counsel, Keep Your Eye On The Ball, Take Action. Rinse, and repeat. Jason Hartman is joined in today’s episode with his co-host from the Solomon Success Show, Rabbi Evan Moffic. Evan brings up some challenging questions about a new potential tax break from the CARES Act. What does Trump bring to the table as our first RE President? Will there be a global currency or an ever-growing nationwide rental assistance program?
[1:25] New tax break, CARES Act, using depreciation to offset capital gains?
[5:20] Trump is the first RE President
[8:30] Herd immunity thoughts in the U.S.
[10:00] Public health is linked to the economy
[12:30] Stay calm, keep good counsel, keep your eye on the ball, take action
[23:00] Review from a listener, Andrew. Thank you!
[25:15] Will we go to a nationwide rental assistance program, like section-8?
[27:00] Will there be a push to a crypto-currency?
Direct download: YW_159_1425_CARES_Act_170_Billion_RE_Investors.mp3
Category:general -- posted at: 12:00pm EDT
Sun, 19 April 2020
Beware of the 'invisible tax,' inflation. Jason Hartman discusses inflation, poverty, and work-from-home lifestyle and advantages. In these challenging times, what professionals are able to stay optimistic? How are the elites transferring wealth?
In part II of today’s show, Jason interviews Jessica Mah, founder of inDinero. Tune in for pro-tips on loan approval for PPP & EIDL. How can you optimize your time with loan delays, and get ahead of the game? And, don’t forget to prep for the end-game of these loans, will they be forgiven? Follow the rules and we shall see.
[3:15] There are two types of taxation that we are paying: 1) The tax that we see, income tax, sales tax, etc 2) The inflation tax, which destroys the purchasing power of our money
[7:30] People are being driven into poverty in this quarantine, making it very difficult for some to adjust to the work-from-home lifestyle
[13:30] “Tis the set of the sails, And not the gales, Which tell us the way to go.” -Ella Wheeler Wilcox
[16:00] How are the elites transferring wealth?
[19:30] Jessica Mah, founder of inDinero, helping entrepreneurs run better businesses
[20:50] PPP has run out? Only 6% of all applications have been approved by the SBA and funded.
[21:15] The SBA is saying the best option is to use the bank you are already with, although Jessica has seen more success getting a loan through smaller regional banks
[23:15] Have you seen success in getting loans with brokers?
[25:30] Every bank is accepting PPP & EIDL applications even though they’re both on hold due to running out of money
[26:45] How can you be successful at getting your slice of the bailout pie?
[18:30] Pro-Tips: Show your work; have an excel spreadsheet that shows how you came to your figures
[30:30] How difficult is the one-page application?
[31:00] The Magic Question, “What is all of the information you need from me in order for the bank to formally process my loan application and submit it to the SBA?”
[34:00] This loan could be forgiven if properly played out
[38:00] Encouraged to apply for PPP & EIDL, but PPP is the better of the two options for covering big payroll sheets
Tue, 7 April 2020
Today, Jason Hartman unlocks one of the most powerful investment tools as an alternative to the 1031 exchange. The great thing about coupling an unsecured loan with a qualified intermediary installment sale is that you start with a new property and a new depreciation schedule.
Before this investment skill is revealed, Jason shares an update on the promise of the ‘federal’ reserve plan to keep the economy in shape. Beware of the elevator, even the NYTimes is talking about the population density problem.
[2:10] The US ‘federal’ reserve is taking the role of buzz lightyear, to infinity and beyond. They will provide unlimited asset purchases, with no limit to what they will do to prop up the economy
[5:32] Winning is a relative game: Here’s how you do it!
[9:35] “Density is really an enemy in a situation like this (coronavirus)” NYTimes Dr. Steven Goodman, an Epidemiologist at Stanford University
[10:10] Trump is going to reopen the US
[11:00] Chinese are cleaning their money, digital currency
[12:00] Everybody needs more room if we are going to be at home all the time
[14:25] Guest, Tom
[16:45] If you do an installment sale, you pay taxes on an annual basis
[19:15] Why is a QI (qualified intermediary) needed?
[25:50] The great thing about coupling an unsecured loan with a qualified intermediary installment sale is that you start with a new property and depreciation schedule
[28:50] Don’t forget the rule of 72
[33:10] This can be a rescue from a 1031 exchange that isn’t working out
Fri, 3 April 2020
Does real estate investment beat the stocks, even if the tenant doesn’t pay? Jason and Adam discuss the perks of real estate investment compared to the stock market, even if a tenant doesn’t pay. This question strikes a chord as millions of Americans will have trouble paying their rent or mortgage on April 1.
Remember to stay calm, keep good counsel, keep your eye on the ball and take action.
Jason is joined with Tom, to wrap up some advice and details about the 1031 tax-deferred exchange alternative.
[2:45] Millions of Americans will have trouble paying rent/mortgage
[6:00] Stay calm, keep good counsel, keep your eye on the ball and take action
[11:08] Will there be a decline in the use of public spaces?
[15:30] Does real estate beat the stock market?
[18:40] What is the average return on real estate investment? Adam shares his experience with the 100k home
[21:45] Johnny from Arlington
[23:10] The loan modification culture is back
[23:49] Learn More: Strategic Defaults & Loan Modifications
[28:40] Reach out to one of our investment counselors to build a relationship with them and to gain some knowledge in a given market
[30:30] The 1031 Tax-Deferred Exchange Alternative, Part II with Tom
Wed, 1 April 2020
Hoax or not, we are facing a recession. Jason Hartman discusses the suburban differences between China and the U.S. We should all expect to see Stimulus Maximus. How much debt can we handle before things don’t work out?
Our guest today is Venture Alliance Member Mike Zlotnik who is preparing for the good, bad and ugly.
[3:00] Hoax or not, we are facing a recession
[10:00] The U.S. is unlike China, think suburbia
[11:50] Stimulus Maximus
[14:00] How much debt is too much debt? Nobody knows
[19:30] How is the market responding to the Coronavirus right now?
[20:30] I cannot predict the future, just prepare for the good, bad, and the ugly
[29:15] Buying limited partner (LP) shares at a big discount
[31:30] A migration away from the dense areas of residence
Fri, 20 March 2020
Jason Hartman speaks with returning guest and author of the book, “Heads I Win Tails You Lose,” Patrick Donohoe. The conversation touches on topics of an ever changing world culture that continues to reshape how we approach wealth, the freedom to do, and in what we find meaning. Despite some of the chaos and cultural decay, the 2020’s are going to bring some excitement to the world.
[20:40] It’s not freedom from having to do something, it’s freedom to do something.
[22:07] The order of magnitude: an interesting time in history where we are going to see massive change.
[24:00] The rising 3 billion, that aren’t online yet: If you think that society has benefited from sharing knowledge, you’re right.
[26:38] There will always be winners and losers
[28:40] The Ritz Carlton Slogan discussion “Systemize the predictable so you can humanize the exceptional.”
[32:27] People are still trying to find meaning in other things.
[33:16] A little bit of struggle is good for the human spirit
Tue, 17 March 2020
153: Global Hibernation, Coronavirus Best/Worst-Case, IIDD Profits, Self-Management Tips, Guest Drew Baker
Almost speechless, Jason Hartman discusses financial strategy along with best/worst-case scenarios in dealing with the Coronavirus. The economy of planet Earth is possibly facing a global hibernation, how long will it last, and how will we recover?
In today’s second segment, Jason speaks with guest Drew Baker, about self-management tips and applications to ease some of the hassles. Drew speaks about his experiences with the value of quality tenants.
[2:51] The economy of planet Earth is going into hibernation mode
[4:08] “Buy on fear, sell on greed.” -Warren Buffet
[6:28] How do you recover from a couple of months sliced out of an annual GDP?
[8:15] Exploring best/worst-case hypotheticals
[12:05] Supply/demand shock
[14:00] Inflation Induced Debt Destruction profits to come
[17:30] Drew Baker
[18:43] Buildium vs Property Tracker
[23:00] A better quality tenant can make for an easier self-management experience, a lower quality tenant makes the property manager a little more needed
[27:00] A great tenant goes a long way
[32:00] Coronavirus, a baby-boomer bomb
Fri, 13 March 2020
Jason is joined with investment counselor Carrie to discuss some more current properties. Take a mini-tour with Carrie in York, Pennsylvania, or listen up for this auditory property tour through Alabama, Georgia, and Indiana.
In the second segment today, Jason discusses the hybrid approach to property management, prompted by a Voxer message from client Bruce. As well, Jason speaks on three basic economic maladies; inflation, deflation, and stagnation. This drives the show to our final topic of Jimmy Carter and Malthusian thinking.
[1:20] Atlanta, Georgia area property only 9 miles from the Hartsfield-Jackson Airport
[4:30] Port city, Mobile, Alabama property offers low property taxes
[7:00] Property Tour with Carrie in York, Pennsylvania
[9:00] The latest empowered investor, Bruce, taking the hybrid approach
[11:40] Firing your property manager, self-managing or the hybrid approach. Not all bad or mysterious
[13:30] The three basic economic maladies; inflation, deflation, and stagnation
[18:40] The carter administration was typified by Malthusian thinking
[19:45] Jimmy Carter’s infamous Malaise Speech
Direct download: YW_152_Hybrid_Property_Management__Malthusian_Thinking.mp3
Category:general -- posted at: 7:00pm EDT
Wed, 11 March 2020
Super-Monday, the youngest Creating Wealth listener and a letter about money from the late great Kobe Bryant. Today, investment counselor, Naresh returns with questions for Jason about a few investment properties in “The Vegas of the South,” and Citrus Springs Florida. Jason elaborates on the recurring real estate investment theme of “Refi ‘till you Die.” And finally, the importance of understanding ROA (Return On Amortization).
[4:28] A Fourplex, new home construction deal!
[7:05] Tunica Resorts property, the Vegas of the South
[8:32] 32% return on invest IS a conservative number in a multidimensional asset class
[8:50] How To Analyze an Asset Class, Free Video – JasonHartman.com
[9:45] Advice on money, from a letter that Kobe Bryant wrote
[15:30] “Refi ‘till you Die” plan
[16:20] ROA return on amortization
[26:50] Citrus Springs, Florida
Fri, 6 March 2020
Thou shalt diversify. The continuation of our discussion on due diligence. Jason and Adam present tips on investigating the areas in which you own property. Use tools like google street view to take a tour of the surrounding areas to understand the influences for value and rent.
Adam shares a real life scenario on a property in Merrillville, Indiana. Find out what questions you should ask before investing in a property.
[3:00] Thou shalt diversify. Diversity into three to five markets.
[5:55] Use google street view to understand the areas that surround your investment.
[8:30] Check with local property management companies to confirm rent estimates.
[11:15] Put the system to work with a real life evaluation of a current property.
[14:10] The institutional apartments do a really good job of squeezing the rent out. We should be demanding more for our properties.
Mon, 24 February 2020
Do the Due! Do your due diligence. Jason Hartman speaks with investment counselor Adam Schroeder about key aspects of income property investing including; checking home prices with Zillow and contacting the Tax Assessor. The two give insight on working with lenders and the importance of home inspection and re-inspection.
[4:00] Where to find pricing: MLS, Zillow and Tax Assessor
[9:10] Pictures can be insanely misleading. Sometimes, it’s not even the same house.
[14:25] A quick call to the country tax assessor can give you a ballpark estimate on taxes for an investment property.
[19:35] Lender deals can change due to dynamics of reevaluations.
[24:00] The licensing laws vary from state to state, check the requirements for you state
Sat, 22 February 2020
Investment counselor Adam Schroeder talks with one of the lenders in the network to discuss what mortgage rates investors should be expecting.
Fri, 21 February 2020
Super-Monday, the youngest Creating Wealth listener and a letter about money from the late great Kobe Bryant. Today, investment counselor, Naresh returns with questions for Jason about a few investment properties in “The Vegas of the South,” and Citrus Springs Florida. Jason embellishes on the recurring real estate investment theme of “Refi ‘till you Die.” And finally, the importance of understanding ROA (Return On Amortization).
[4:28] A Fourplex, new home construction deal!
[7:05] Tunica Resorts property, the Vegas of the South
[8:32] 32% return on invest IS a conservative number in a multidimensional asset class
[8:50] How To Analyze an Asset Class, Free Video - JasonHartman.com
[9:45] Advice on money, from a letter that Kobe Bryant wrote
[15:30] “Refi ‘till you Die” plan
[16:20] ROA return on amortization
[26:50] Citrus Springs Florida
Fri, 31 January 2020
Jason Hartman and economist Thomas look back on the 2010s to see what the biggest stories were for investors. From the War on Terror to Obamacare to the aftermath of the Great Recession, it was a decade fraught with ups and downs that provided opportunities for investors to make good money.
[5:13] The 10th biggest story of the decade: the War on Terror explodes the deficit
[8:20] Why European debt issues will come to the fore in 2022
[12:37] The idea of Purchasing Power Parity and what it says about China's economy vs the US
[16:42] As much as Jason doesn't like Obamacare, it makes the list of Top Stories of the 2010s
[26:53] What Jason learned years ago during his day as a lobbyist
[29:10] Thomas is seeing at least a 15% drop in the market coming when the Fed decides to let risk enter the market again
Fri, 27 December 2019
Today's episode is Jason Hartman exploring Commandment #3: Thou Shalt Maintain Control a lot deeper. Maintaining control in real estate deals has been discussed quite a bit before, but it's not just real estate where control matters. Jason explores the collapse of Enron and why it was such a surprise and why Commandment #3 is crucial even in those scenarios.
[3:10] Airbnb hasn't been through a recession yet, so there's a lot that isn't priced in to the market
[7:12] The 3 major problems when you give up control in an investment
[13:01] The Infographics Show: The Business Deception That Cost $60 Billion
[16:06] The phrase "financial innovation" is a red flag when you hear it
[22:13] Most companies don't have people inside to pump the brakes, because everyone is incentivized to speak highly and show it in the best possible light
[24:33] Derivatives are the thing about the thing, but as an investor you want to be as close to the "thing" as possible
Fri, 20 December 2019
Jason Hartman talks with 32 year old Ryan Narus about his journey buying mobile home parks the last few years. Jason and Ryan discuss how to source deals, how to build communities, and finding investors to help you buy properties if you don't have the funds.
[1:15] What led to Ryan starting to invest in real estate
[4:33] How mobile home parks line up with Ryan's life views and desires
[8:26] Evicting tenants who live in your mobile home vs their own mobile home
[13:00] How to find and analyze mobile park deals
[16:22] How Ryan values mobile home parks
[19:44] Keep track of everyone you ever meet in this business, it's all about relations
Fri, 13 December 2019
143: Entrepreneurial Spirit of the United States with Thomas W Jones, Federal Reserve Bank, Freddie Mac, TIAA-CREF
Jason Hartman talks with Thomas Jones, former vice chairman and director of TIAA-CREF, former Chairman and Chief Executive Officer of Global Investment Management at Citigroup, and former Chairman and Chief Executive Officer of Citigroup Asset Management. He was also the former Vice Chairman of Federal Reserve Bank of New York. Jason and Thomas discuss Thomas' entrance into real estate, why Thomas is so bullish on America long term, and what sets America apart from the rest of the world.
[2:31] Thomas and his bride actually started by bidding on 2 burned out buildings in Boston
[7:49] Thomas is perennially bullish long term, so dips in the economy are buying opportunities for him
[10:02] The changes on Wall Street over the years
[14:11] The most disappointing aspect to the reforms that have been made since the Great Recession
[19:19] One of the things that really sets America apart is the excited entrepreneurial spirit
[23:35] America faced a metaphorical crossroads in the late 1960s
[26:25] Our nation doesn't give itself enough credit for how far we've come, even though we still have a ways to go
Mon, 4 November 2019
Jason Hartman talks with Daniel Ameduri, co-founder of Future Money Trends newsletter and author of Don't Save For Retirement: A Millennial's Guide to Financial Freedom, about how the working environment has changed from the Baby Boomers to Millennials and how the Millennial generation need to change their mindset about retirement in order to not be left behind when they're ready to leave the rat race.
[4:24] What does Daniel mean when he tells people not to save for retirement???
[8:38] Beware financial advisers, there's more education required to be a hair stylist
[13:21] Millennials should embrace the freelance economy
[17:40] Daniel is seeing boom time for the next year
Fri, 25 October 2019
Jason Hartman talks with Spencer Burleigh, co-founder of www.RentTheBackyard.com. Spencer's company will build a unit on your land, list it online, and split the rental profits with you 50/50 as long as you have an area at least 25' by 20' clear and you live in your home most of the year. Listen in as Jason and Spencer discuss the business model and how you can take advantage of it.
[1:37] What problem is Rent the Backyard addressing?
[6:31] Rent the Backyard is able to create a second dwelling on the property without getting the land rezoned
[11:07] The stigma behind manufactured housing needs to go away, but it also needs to get cheaper
[14:39] The income side of Rent the Backyard's business model
Fri, 18 October 2019
In today's off-topic 10th episode, Jason Hartman talks with Walter E Williams, Professor of Economics at George Mason University and author of American Contempt for Liberty, about what is going on in our society today. America has become a country of people who hate liberty and want to take from others to give to themselves or others who they deem need it more. There seems to be an unwillingness to accept that people earn more than others and thinking that the government needs to step in and play a role. Walter explains to Jason how we can solve our problems by telling the government to get out of the way more than telling them to help.
[1:28] Do United States citizens really have contempt for liberty?
[7:23] Has the Trump administration turned the tide at all?
[10:45] Is a wealth tax fair?
[15:33] Politicians are doing exactly what we elect them to do
[20:47] The only way we're going to solve our nation's problems
Fri, 11 October 2019
Jason Hartman talks with Jeff Fromm, the Millennial Marketing Guy, about the differences between Gen Y and Gen Z. While the two generations are close in age, they are incredibly different when it comes to advertising, so it's crucial that you know the difference in the two. Jeff explains how those differences will impact society at large and certain industries specifically.
[3:16] Gen Z are NOT Millennials to the 2nd degree. They're more like Gen X
[6:48] Some of the big differences between Gen Y and Gen Z
[15:22] Gen Z and Y both like to be involved with companies that support their causes, but there are some differences
[19:30] Will the Millennials and Gen Zers have interest in the McMansions that were built?
Fri, 26 July 2019
Jason Hartman talks with Patri Friedman, Executive Director of The Seasteading Institute, about creating new countries using the seasteading technique. Patri discusses how the concept would work in today's environment and why it's not absurd to think of a country being created on the water. It's coming sooner than you expect.
[1:44] What is seasteading?
[6:37] Why not just buy land from a country rather than doing everything out at sea?
[10:36] Patri's goal is seeing governments competing for citizens by treating them best
[14:13] How do you deal with security when you're in the middle of the ocean?
[18:34] What are these seasteads going to do for currency?
Fri, 19 July 2019
Jason Hartman talks with Gabriel Weinberg, founder of DuckDuckGo and author of Traction: How Any Startup Can Achieve Customer Growth and Super Thinking: The Big Book of Mental Models, about how you can use some of the mental models to help you achieve the returns you desire. They also touch on the problem of achieving privacy in today's world and how DuckDuckGo helps in that.
[1:45] What is Super Thinking?
[6:17] The Mental Model of Forcing Function
[10:08] The model fo Deliberate Practice
[14:58] Beware of Hindsight Bias
[18:46] To really get outsized returns you need to make a bet on the future
Sun, 14 July 2019
After giving a quick update on his cruise travels, Jason Hartman talks with Taylor St Germain, economic analyst at ITR Economics, about why lower interest rates haven't spurred the higher end housing market. The two also discuss what indicators Taylor looks at to get a gauge on the economy and the impact tariffs have had and may still have yet to come.
[1:26] Are lower interest rates good news for cyclical markets or are they just too overpriced?
[5:53] The rise in wages has helped the economy but it's not changing the overall trend or forecasts
[9:51] Why are housing starts so important?
[14:56] ITR's concerns with the tariffs currently being put in place
[19:12] More tariffs could potentially put us in a recession, so be very careful if we see more coming
Fri, 5 July 2019
Jason Hartman talks with Andres Pira, CEO of Blue Horizon Developments, Managing Director of Phuket Condos & Homes and author of the book Homeless to Billionaire – The 18 Principles of Wealth Attraction and Creating Unlimited Opportunity, about his journey through real estate investing and how he reached this point in his career. Andres explains the importance of giving before expecting and how that will help you succeed in business and life.
[1:48] Andres' path through the real estate world
[6:06] You have to take risks in life, so just make sure you consider the worst case scenario and whether you can bounce back from it
[9:40] Vibrational giving: give out first, then good things will come later
[14:49] Stop trying to win deals and make them win-win
Fri, 28 June 2019
Jason Hartman talks with Geoff Cook, co-founder and CEO of MeetMe and The Meet Group, about the creation of his company that has created a $400 market cap. MeetMe is a dating app like many others, but has differentiated itself by using live streaming. Geoff and his team have noticed that people are segmenting their personalities across brands rather than trying to change their privacy settings on one platform, and was able to take advantage of that.
[1:49] How live streaming made Geoff's dating app revenue explode
[4:48] Deciding to go forward with live streaming was an all in bet for the company
[7:34] The problem right now with video on dating apps is that many people don't want to be in a video
[10:21] People share different aspects of their life with different brands
Fri, 21 June 2019
Jason Hartman talks with Dan Martell, founder of SaaS Academy, about how to scale your business using software as a service. Dan and Jason explore how current conditions have actually created an even bigger opportunity for software services than originally thought. Most every problem that pops up can be solved with a service you can provide a subscription for.
[2:15] You need to perfect 4 core pillars to get to scale
[4:25] Dan likes using the acronym MEVO rather than MVP
[8:37] Outline your product and go try and get 10 orders
[11:38] What you need to make freemium work
[14:20] Dan believes you succeed in business when you fall in love with the problem rather than the solution
[17:52] We're moving toward a subscription society
Sun, 16 June 2019
Jason Hartman talks with Greg S Reid, author of the new book Wealth Made Easy: Millionaires and Billionaires Help You Crack the Code to Getting Rich, about the hacks he learned by interviewing multiple multi-millionaires and several billionaires.
Greg also dispels some old advice that he doesn't think holds true today, as well as providing an important concept when planning your future.
[2:25] Some of the hacks that Greg discovered in his research
[6:25] The concept of CPC: Clues, Patterns, Choices
[9:58] If the concept of "your income is the average of the 5 people you spend the most time with" is outdated, what's the solution nowadays
[12:51] It's important to remember, thoughts are not things
[15:44] Don't follow your passion to make money, create opportunities and wealth for yourself so you can follow your passion
Fri, 7 June 2019
In this off-topic 10th episode, Jason Hartman talks with Ocean Robbins, decendant of the Baskin-Robbins family and author of the new book 31-Day Food Revolution: Heal Your Body, Feel Great, and Transform Your World, about the state of American's eating today. The two break down how our diets have changed over the years, why some aspects of our diets are the way they are, how to make a more ethical, sustainable world, and more.
[2:57] Has anything changed since Diet for New America came out?
[5:01] There's a lot of money being made on the status quo
[8:12] What to do if you want a more ethical, sustainable world
[12:32] Jason's theory on meat through the ages
[15:21] We aren't getting nearly enough fiber in our diet now
[17:05] The key use of willpower is to establish healthy habits
Fri, 31 May 2019
Jason Hartman talks with John Warrilow, author of Built To Sell, as well as The Automatic Customer, about how to improve your businesses value to the point where you can sell it for top dollar. Personal branding can be great for your business when you start, but can create a rough environment for selling. Listen in as John explains how you can utilize subscription models in today's world to drastically increase your business value.
[1:22] How John started helping companies increase their value
[2:19] How a consulting company John had with blue chip clients and several million dollars in sales was worthless, and how he turned it around
[5:26] The 3 attributes to scale
[9:23] The good and bad of personal branding
[13:06] Don't try to ride your business to the peak and get every last penny before selling, but you want to sell earlier in the game than that
[17:21] How much should you be willing to lose in customer acquisition in order to get that monthly recurring revenue?
[21:37] The 9 subscription models
[24:59] Amazon is a trillion dollar business is because of their subscription models
Fri, 17 May 2019
Jason Hartman talks with Steve Jones, CEO of Allied Universal and author of the book No Off Season: The Constant Pursuit of More, about how his career in sports translated into business success. Steve and Jason look at the various skills learned in sports and how can each be applied to the business world, whether you're an employee or employer.
[4:14] Your ability to overcome obstacles is going to make or break your success
[7:03] Sports teaches you how to work as a team
[10:08] Some techniques on how to keep the team cohesive when dealing with adversity
[13:47] With no action steps in place you only have a dream, not a plan
Fri, 10 May 2019
Jason Hartman talks with Jorge Newbery, founder and CEO of Debt Cleanse, founder of American Homeowner Preservation and author of Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar, about how he was able to climb out of a $26 million hole and how others can follow in his footsteps. This isn't about cheating your way out of debt, it's about using the same rights that creditors have because you need to protect yourself from predatory lending practices.
[2:32] Debt may seem simple, but it's a lot more nuanced that you'd first believe
[4:17] If you can't afford your debts, the best thing you can do is to stop paying them
[7:29] How Jorge got started paying off his $26 million debt
[10:06] What kind of errors you should be looking for from your lendors
[15:56] The elite have often used debt as a way to enslave the lower classes
Fri, 3 May 2019
Jason Hartman talks with Blake Harris, NY Times best selling author of the new book The History of the Future: Oculus, Facebook & the Revolution That Swept Virtual Reality, about the impact technology is having on our lives and how virtual reality can (and currently can't) fit into them as well. The two examine who the leaders are on the VR front, what price point you're currently looking at versus how much it may cost in the future and more.
[2:29] Is the Virtual Reality revolution over before it's even really begun?
[5:25] How technology could change the way we look at properties
[8:56] What is "affordable" for virtual reality equipment?
[10:38] Oculus is the clear leader for now, but who's coming behind them?
[14:55] How virtual reality can be used in a social context
[18:52] How much farther can virtual reality drive the retail apocalypse?
Mon, 29 April 2019
Jason Hartman talks with Robby Soave, associate editor at www.Reason.com and author of the new book Panic Attack: Young Radicals in the Age of Trump, about what on earth is happening on college campuses these days. There are more and more protests trying to shut out speakers that students don't agree with, and professors are becoming terrified of their students accusing them of any little misstep. Jason and Robby explore this phenomenon and what may be done about it to cure the ails.
[3:51] College campus activists have decided that a free speech set of norms is not condusive to their goals, and why that's self defeating
[6:21] College campus activists have decided that a free speech set of norms is not condusive to their goals, and why that's self defeating
[10:20] The damage a small minority of students can cause is significant
[14:02] College campuses have become much more uncomfortable for marginalized students
[17:34] The nation is way too polarized right now
Fri, 19 April 2019
Jason Hartman talks today with Frank Gallinelli, founder and President of Real Data and author of the book What Every Real Estate Investor Needs to Know About Cash Flow & 36 Other Key Financial Measures, about what metrics Frank finds the most important for single family home investors to pay attention to. They also discuss the "holy grail" metric that investors should be using and when you actually SHOULDN'T invest in real estate.
[1:56] What are the core metrics that real estate investors should be looking at?
[6:41] You should try and forecast best case, worst case, and in-between case for your properties
[8:04] What is discounted cash flow?
[10:39] The holy grail metric is still IRR (Internal Rate of Return)
[12:28] A different way to view Return on Equity
[16:01] Is there a time where it doesn't make sense to acquire properties?
[21:46] Education is absolutely vital to being a good investor
Fri, 12 April 2019
Jason Hartman talks with Tal Tsfany, President & CEO of the Ayn Rand Institute, about free speech on college campuses, how we should be defining things like happiness and selfishness, and why we should be focusing on the self. They also examine the philosophies of those who want to tax the rich in order to redistribute wealth.
[2:50] What's happening with speech on college campuses is a result of progressive philosophies
[4:38] What would Ayn Rand's political views be in today's world?
[8:17] Ayn Rand's definition of happiness
[11:45] Love is a goal or value that you pursue. It's a spiritual trade
[15:42] Ayn's definition of selfishness
[19:40] Berkley students in the 60s were reading Ayn Rand to be cool, but not following through on the axioms
Fri, 15 March 2019
Jason Hartman welcomes Lisa Tomita, a client with 4 properties who has recently decided to self-manage two of her properties. Jason and Lisa discuss the ups and downs of investing and how self-managing has turned Lisa into a more empowered investor ready to deal with all the bumps along the way as she moves closer to her financial independence.
[2:57] Lisa's tenant saved her $200 because of the relationship they've developed
[7:46] Lisa recently quit her job so she could focus full time on real estate
[11:58] Self-managing has made Lisa feel more empowered and learned
[16:15] One of Lisa's deals that hasn't gone well broke 4 of Jason's 10 commandments
[22:51] Income property is so durable it's like the self-healing asset
Fri, 8 February 2019
Jason Hartman and Greg Lukianoff, President and CEO at FIRE (Foundation for Individual Rights in Education, about the state of free speech in America and, specifically, on college campuses. Campuses these days have a higher level of intolerance than ever, and Greg points to one specific thing that's helped lead the way more than anything else. Listen in as Greg and Jason discuss first amendment issues and how they can be solved in today's climate.
[5:57] How bad has our intolerance of free speech gotten?
[9:12] One big trend that changed freedom of speech
[12:19] Since 1991, the US is continually getting safer, yet parents are hovering more than ever and are way more paranoid
[15:35] What should colleges be teaching students about free speech?
[18:47] What is FIRE?
[22:38] FIRE protects people in free speech cases and harassment claims
Fri, 7 December 2018
In this off topic 10th show, Jason Hartman talks with Jeffrey Gitomer, New York Times Best Selling Author of The Little Red Book of Selling and Truthful Living: The First Writings of Napoleon Hill, about some of the great mentors that the two have had in their lives which include Napoleon Hill and Earl Nightingale. They look at what history can teach us, the right way to approach sales, and the challenges we have to face to do the right thing in today's world.
[6:17] The challenge to do the right thing in our society has never been at a higher level than it is today
[11:00] The 5 point rule
[16:21] The 7 Success Rules
[20:15] If you have the right service and attitude heart, sales will be easy
[26:28] If you want to learn something new, read a book that's 60 years old
Fri, 9 November 2018
Jason Hartman plays some of his segment from the latest Cash Flow Wealth Summit where he talks about the 6 ways the US government can solve their $220 trillion obligation and which one we can take the most advantage of as investors.
[2:57] The difference between money and currency
[5:50] The 3 basic economic maladies
[8:01] The entitlement society isn't going to change, so align your interests
[9:45] We must understand the motivations of governments and central banks
[11:43] The 6 ways the government can deal with the looming entitlement bill
[19:23] The most likely solution the government will choose
[23:02] Inflation is the most powerful method of wealth redistribution from lenders to borrowers, old to young
Fri, 3 August 2018
Jason Hartman talks with Alan Yong, CEO of DNotes Global and author of The Four Pillars of Business Success, about his new venture with DNotes and what problem he's hoping to solve with the company. Alan also discusses his past businesses and how he managed to acquire government contracts and a massive deal from IBM. Then the two discuss Alan's new book and how business owners can set themselves up for success by using the four pillars Alan has identified.
[1:48] How Alan got his government contract and deal with IBM in the early 1990s
[6:48] If the market's not ready you could throw all your money at it and go bankrupt
[10:20] What Alan's new cryptocurrency is and what problems it solves that Bitcoin doesn't
[15:20] The 4 Pillars of Business Success
[18:48] If a customer has a problem you need to do everything you can to solve the problem and make sure the customer knows it and that you appreciate their business
[21:05] Why is customer service getting worse?
Fri, 20 July 2018
YW 117 - The Lifestyle Business Owner, How to Buy a Business, Grow Profits & Get Out of the Way with Aaron Muller
Jason Hartman talks with Aaron Muller, founder of Lifestyle Business Owner Academy and owner of 8 multi-million dollar companies, about how to go about properly buying a business and what you can do to set that company up to where you don't have to work in it.
Everyone dreams of making money while not being involved in their business, but the process of actually getting to that point can be intimidating. Aaron, however, has figured out a way to get out of that rut and will happily tell you how.
[2:06] How to buy a good business you don't have to work in every day
[6:41] What you should do as the owner to check up on your CEO after hiring
[10:29] Some marketing tips to reduce your cost per lead
[12:45] Where's the best place to look for a business to buy?
[17:56] What do you do for the contract when you're ready to buy the business
Fri, 22 June 2018
Jason Hartman talks with 24 year old real estate investor Ben Mizes, co-founder of Clever Real Estate, about how he got started in the business, what lessons he's learned over his time in the industry, and what technologies he's using to keep up with all his properties. Ben also gives a few best practice tips to those who want to get involved in real estate like he is.
[1:26] How Ben became interested in real estate
[5:26] Ben's deal experience as he started growing his portfolio, and why his 2nd deal may have been his most important
[9:37] Ben's thoughts on what's happening in the real estate industry as a whole
[13:13] Best practices when managing your own properties is to make sure you make your expectations very clear with your tenants
[17:48] If you don't do a good job with repairs it makes managing the building that much harder
[20:08] The two main technologies Ben is using for his real estate, and one hack Ben uses to allow his tenants to pay cash
Fri, 8 June 2018
Jason Hartman talks to The Libertarian Chick, Kristin Tate, about the hidden taxes we all pay in our life, and how to do something about that. Kristin explains that often the taxes that we're paying are not being used for the purpose that you would assume they would be.
[1:49] Are millenials just not paying attention to fiscal policies?
[3:48] We are being taxed EVERYWHERE, even when we don't see it
[6:57] Where some of your tax money is going probably isn't where you expect
[11:57] The debauchery tax & unintended consequences
[15:34] Awareness is step 1, what's step 2?
[19:05] The smaller the municipality the easier it is to get rid of the tax
[24:15] How did Kristin get into this line of work?
Fri, 20 April 2018
Gambling has destroyed many lives, and it's something that actor Zack Ward thinks needs to be dealt with in our society. That's one of the reasons he's CEO of Global Sports Financial Exchange, the first investing platform for sports leagues, as well as determined to teach financial literacy.
Jason Hartman and Zack discuss how All Sports Market can help curb gambling by giving a new outlet more akin to the stock market, why they're trying to get more regulation, how they're using blockchain technology, and more.
[3:44] What's the difference between AllSports and gambling?
[7:05] Where is the All Sports Market going?
[8:00] Why All Sports is openingly welcoming regulation
[12:23] The unholy alliance between sports and gambling
[14:54] All Sports trading platform is based on blockchain technology
[18:12] Zack's mission to promote financial literacy, and how his company's learning center does that
Sat, 24 March 2018
Jason Hartman takes this episode to delve into some important happenings in the real estate world today. Some of Trump's recent moves have been bringing jobs back to the states, and companies are expected to bring money back, and it's creating good times for a lot of people.
With that good time comes something every real estate investor can enjoy, rent inflation. BUT, when times are good it's important to be vigilant with your providers and make sure they're not getting lazy.
Finally the episode ends with Mason's 5-year plan. Mason is a young man who won 2nd place in the recent 5-year plan contest Jason held, and has his future to financial independence mapped out.
[3:58] Jobs are coming back to America
[7:27] Rent inflation is coming
[12:46] As a real estate investor, it's critical that you remember who your customer really is (hint: it's the tenant)
[16:05] In a booming economy, the big job as a real estate broker is the job of sorting people out
[20:12] Sometimes the booms can make providers a little sloppy, so it's important to stay on top of property managers and the like
Fri, 16 March 2018
Jason Hartman talks with client Brandon Cook, a young member of the Venture Alliance Mastermind, about his journey investing in real estate. Brandon is currently the owner of 6 properties and is looking forward to more, and talks about breaking through the initial hurdle of investing.
[4:23] Brandon discovered Creating Wealth and started listening at Episode 48
[9:43] The first one is always the hardest
[18:18] What has Brandon learned on his investment journey
[20:58] Introducing the Jr Venture Alliance Mastermind membership!
Fri, 19 January 2018
Most people in today's world are selling their time for money and going through the grind of life assuming that is the way it is. But it doesn't have to be.
Jason Hartman talks with MJ DeMarco, author of The Millionaire Fastlane: Crack the Code to Wealth and Live Rich, about the hyperrealities that are abundant in our world, and what we can do to overcome them and live the life we truly desire.
[1:51] MJ's world view and how they impact his philosophies
[5:52] We need to open our eyes to hyper-realities and how they're impacting us
[9:41] Nearly all the people who've gotten rich through the stock market are activist insiders. If you want to get rich you have to go about it differently
[14:29] It all boils down to the concept over leverage, with your money, time, people, or anything else
[17:48] MJ's thoughts on the entitlement economy and how we're becoming economic slaves
[22:08] Winning inspires passion, so do the hard work to create the passion (and money will follow)
[25:34] Creating an environment where you're living your life on your terms
"Passion does not lead, it follow"
Fri, 5 January 2018
In this 10th episode show, Jason goes off topic with former Marine sniper Jake Wood, now co-founder of Team Rubicon and author of Take Command: Lessons in Leadership: How to be a First Responder in Business. Team Rubicon takes military veterans and utilitizes their unique training for disaster response more effective and efficient.
The two discuss the important elements of leadership, some tips on succeeding in high stakes environments, and making sure you're knocking out the important things in your life rather than just skating by.
[2:15] The mission of Team Rubicon
[6:27] How Jake ended up writing his book
[8:28] Being comfortable with the 80% solution
[12:16] Tackling your To-Do list in the proper fashion
[15:49] Some tips Jake learned in the military on how to succeed in a high stakes environment
Indecision is one of the worst things a leader can do
Tue, 2 January 2018
Jason Hartman is proud to announce the latest addition to the 2018 Meet the Masters of Income Property event, Ken McElroy.
Ken is a Rich Dad Advisor and entrepreneur who is an expert in investment analysis, property management, and property development. He's responsible for over $700 million investment dollars in real estate.
Ken is the author of the best-selling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and most recently his book on entrepreneurship: The Sleeping Giant.
Fri, 29 December 2017
Jason Hartman talks with Ryan Schellhous, founder at IndigoSpire CPAs & Advisors, about the new tax plan. The two start off with a 30,000 foot overview of the plan, then drill down into specific components of the plan as they figure out who is going to be helped and who may not see as much of a benefit under the plan. Ryan explains the biggest revenue raisers and "losers" under the new bill, and some of the most important pieces that will impact individual filers.
[3:32] The 30,000 foot overview of the GOP Tax Reform
[5:27] Will this tax reform create a repatriation of wealth back to the US?
[9:18] The move that mobilized the GOP forces toward tax reform
[11:15] The 2nd most important thing in the tax plan was the widening of tax brackets and lowering of rates for individuals
[13:24] The standard deducation has been increased, which should increase the number of simple 1040s being filed
[16:26] The single largest revenue raiser in the entire bill
[18:38] The change in mortgage interest deductions could cause a dampening in the high end real estate market
[21:08] The Alternative Minimum Tax isn't gone, but it's gone through an overhaul
[22:59] Pass-through businesses are getting a 20% deduction
[29:58] The accelerated bonus depreciation is enormous for real estate investors
[33:30] Changes to the 1031 Exchange rule
[37:33] The carried interest rules have changed as well, impacting the hedge fund managers trading techniques
[39:22] 529 plans (education plans for children) can now be used to pay for private schools
[39:56] Some tax changes that were EXPECTED but didn't end up happening
Fri, 8 December 2017
2018's Meet the Masters event was already packed with great speakers like Jason Hartman, Garrett Sutton, Brian Smith, Danielle DiMartino-Booth, John Burns, and more. Today, Jason Hartman is proud to announce that former Congressman (and America's foremost advocate for liberty) Ron Paul will be joining the fold to headline the event.
Ron Paul was most recently a Republican candidate for President in 2008 and 2012, and served in the US House of Representatives for Texas for more than 25 years in all. He is a critic of policies like the USA Patriot Act and has criticized the federal governments fiscal policies a multitude of times. He's also outspoken against Federal Reserve, and the US tax code.
Fri, 17 March 2017
Jason Hartman talks with Robert Dickie III, President of Crown Financial Ministries, and author of The LEAP, and Love Your Work. The two discuss the impact technology has had on industries already, and what's to come. They also discuss how a large section of people in their 30s are transitioning careers by going back to college online for free, and getting hired by some of the best companies on the planet while doing so.
[3:04] How Robert defines "stewardship"
[4:55] We are standing in the middle of two economies. One that's old and dying, and one that's being born
[9:05] What is a MOOC?
[10:12] 3 websites where you can get free college education, and you can get it certified for under $100.
[13:41] How technology is disrupting every aspect of society and workforces
[16:38] People in data sciences are being hired by companies like Google before they even finish their certifications.
[18:55] The story of a 16 year old from Mongolia acing an online course and getting a full ride to MIT
Fri, 10 March 2017
Jason Hartman and Andrew Wright, CEO and Managing Partner at the commercial real estate firm Franklin Street, discuss the US commercial real estate market that is currently available. From manufacturing to office to industrial to multi-family, no stone is left unturned.
Andrew has a personal involvement in more than $1 billion in real estate and finance transactions, and has resolved more than $800 million in distressed real estate debt since 2009.
[1:40] Trump's potential impact on real estate markets
[5:04] How retail centers are having to adjust to the internet age and "showrooming"
[8:36] The internet's impact on the warehouse and delivery industry thanks to things like same day delivery.
[12:59] Andrew's take on where we are on the boom or bust ride
[17:08] Current cap rates Andrew is seeing across commercial real estate
[19:13] What investment Andrew thinks will serve you best today
Fri, 2 December 2016
William Poundstone is the author of fourteen books, including Big Secrets, Prisoner's Dilemma, Fortune's Formula, and Are You Smart Enough to Work at Google? He has written for The New York Times, Harper’s, Harvard Business Review, and the Village Voice, among other publications, and has adapted several of his books for ABC television. He is on the board of advisors of the Center for Election Science.
Poundstone was born in Morgantown, West Virginia, and studied physics at MIT. His writing often explores the social implications of scientific or philosophic ideas—from voting methods (Gaming the Vote) to competition and cooperation (Prisoner's Dilemma) to the gambling system known as the Kelly criterion (Fortune's Formula).
Amazon rated Fortune's Formula the #1 Editor's Pick for nonfiction in 2005. Poundstone won the NYSSCPA's Excellence in Financial Journalism Award in 2011.
[2:15] What the American public knows and what that says about us
[4:40] Why some things are just worth knowing even though you could look them up
[8:35] The correlation between vocabulary and your success in life
[13:00] How many elected officials most people actually know
[16:25] How little we're teaching kids about sex and what impact that's having
[18:56] The theory of scientific betting and how to properly use it
Sat, 4 June 2016
Careers with Wings is a unique approach developed by President and Founder Marcy Morrison that provides you with the freedom to truly do what you love to do, what you are good at doing and combine that with how you can make the biggest impact with your role in making a difference in the world. Passion + Purpose = World Change (TM). With this formula at the core, you will wake up with energy and enthusiasm every day loving what you do knowing that you are making a difference.
Fri, 3 June 2016
Gerard Adams is The Millennial Mentor, a thought leader, serial entrepreneur, angel investor, and philanthropist. His life's purpose is to inspire other Millennials to leverage their passions for success and create the lifestyle they dream of.
Sat, 21 May 2016
YW 103 - Lead Inside the Box: How Smart Leaders Guide Their Teams to Exceptional Results with Victor Prince
Victor Prince is author of "Lead Inside the Box: How Smart Leaders Guide Their Teams to Exceptional Results" and is the Managing Director of DiscoveredLOGIC. He has 20+ years of experience in corporate and government leadership positions using and teaching advanced problem-solving techniques.
Fri, 13 May 2016
Christian Fioravanti is the founder and creator of Attractionology, co-founder and co-creator of 20 Minute Video Payday and founder and publisher of Project Catapult. He has been a small business owner since 2007. He owns and operates several web-based businesses and has authored several books and other pieces of literature related to business.
Fri, 6 May 2016
John Gaver is Editor & Publisher of the popular webzine, ActionAmerica, which he describes as an "original intent conservative" publication, and author of "The Rich Don't Pay Tax! ... or Do They?".
Fri, 29 April 2016
Craig Ballantyne has been the Editor of Early to Rise since 2011. He’s also a Strength & Conditioning coach in Toronto, author of Turbulence Training, a contributing author to Men’s Health magazine, and a member of the Training Advisory Board for Maximum Fitness and Oxygen magazines.
Craig is also the author of "The Perfect Day Formula: How to Own the Day and Control Your Life".
[4:06] Controlling the morning
[6:12] The proactive morning approach
[7:38] Identifying your OCD loops
[11:06] Starting to script out your day
[12:48] Where to start in the Perfect Day Kit
[14:38] Defining Magic Time
[15:54] Why Craig believes you should really try and be a morning person
[18:33] The app that makes Jason's morning
[20:27] The 5 Pillars
[23:35] Making the afternoon productive
[25:23] Creating a Not To Do List
[24:48] The new Law of Attraction...the Law of Action Attraction
Fri, 22 April 2016
A serial entrepreneur turned investor, Matt is driven by the idea that you don't have to put your family or your future in jeopardy to start and run a successful business. A graduate of the #1-ranked undergraduate entrepreneurship program in the United States, the Wolff Center for Entrepreneurship at the University of Houston, Matt graduated summa cum laude with a double-major in finance and entrepreneurship.
Sat, 16 April 2016
YW 98 - The Invisible Organization, How Ingenious CEOs are Creating Thriving, Virtual Companies with Mitch Russo
Jason Hartman talks with Mitch Russo, former CEO and President of Business Breakthroughs with Tony Robbins, co-found of Timeslips Corp and author of The Invisible Organization: How Ingenious CEOs are Creating Thriving, Virtual Companies.
Thu, 29 October 2015
Rising tuition cost and insufficient “real world” education programs are frustrating to young adults in the U.S. who feel forced into traditional universities. A degree or accreditation is often used as a dangling carrot to lure potential students into high debt status. Non-traditional, creative career paths often take a back seat to traditional majors. Julia says CreateU is designed to teach the mindset of participation in our ever evolving, global world.
[2:09] How do we empower creatives to be profitable?
[4:05] CreateU is a fast track to learning with relevance to current funding sources
[6:04] We teach the mindset, so individuals can participate in a global evolving world.
[7:00] A 3-phase, 1-year online program within a global community
[11:54] The initial sections are the most intensive, a course is required every day
[13:38] A track/path is similar to a major in a traditional university
[16:11] Accreditation programs will transition to move past the fear element
[18:34] We are working on a global goal campaign with the UN
[19:46] Our goal is to keep CreateU under 10K
[20:26] We are taking 10% of tuitions and putting it towards a graduate fund for projects
[21:01] Contacting CreateU
[22:11] The .life extension just fit our ideals perfectly
Direct download: YW_97_Julia_Schroeder20_CreateU_Disrupting_Higher_Education.mp3
Category:general -- posted at: 2:34pm EDT
Mon, 22 June 2015
David Weliver is an authority on millennials and money. His website, Money Under 30, provides financial advice to over 500,000 young professionals every month. David and Jason talk on the subject of student loan debt and how it is affecting millennials. David recommends millennials to invest in a ROTH IRA and to think about their retirement as a way to achieve financial freedom.
[1:40] Millennials are starting their lives with student debt.
[6:10] The average college grad has $36,000 in debt.
[9:40] David paid off his college debt before he hit 30, but he had to work his butt off to do it.
[14:10] David recommends millennials take advantage of the ROTH IRA.
[18:50] Don't think retirement, think financial freedom.
[21:10] Technology is helping to drop prices in a lot of industries.
Mentioned In This Episode:
Tue, 5 May 2015
Frank Bruni is the author of Where You Go Is Not Who You'll Be and talks to Jason on the mania both parents and children experience when applying to an Ivy League school. He says many of these high-end colleges have a less than 7% acceptance rate and tells Jason how there are plenty of other options out there for kids to get a great college education.
2:15 – Frank's newest book tries to restore some sanity to the college admission process.
4:20 – Colleges have turned themselves into a country club, but that doesn't mean they aren't useful.
10:40 – Stanford's college acceptance rate is 5%. For Harvard, it's 6%.
15:00 – Frank recommends students to develop great faculty relationships and to study abroad if you can.
19:10 – Instead of worrying about where kids are going to college, focus on what kids are going to get out of college.
Mentioned In This Episode:
Where You Go Is Not Who You'll Be by Frank Bruni.
Tue, 28 April 2015
Brian Maida was interested in income property at the age of 20 and by 22, he purchased his first home. Brian gives an inspiriting message to millennials on how they can do it too. He encourages people to stay away from the stock market, stop listening to financial news, and more in this episode of Young Wealth.
2:50 – Brian talks about his first real estate deal.
6:00 – Jason gets Brian's thoughts about owning condos.
10:05 – Brian likes the stock market, but doesn't think it's a good time to invest right now.
13:20 – It doesn't take a lot of money to own property. You can start with a minimum of $10-15k.
19:15 – Brian is a practicing vegan and talks about his hobby website, Vegaprocity.
Mentioned In This Episode:
Fri, 27 March 2015
Jason Hartman introduces Ryan Houck to the show to talk about generation Y. Ryan Houck is the founder of Free Market America as well as the author of Will America Fail?. He shares some very interesting insights into the world of environment regulation and then Jason and Ryan talk about some of the key characteristics our Gen Y population has and why it makes them so unique compared to everybody else.
1:30 – Ryan talks a little bit about Free Market America and their mission.
8:00 – A lot of sketchy things are happening between the EPA and environmental groups.
16:40 – The oldest millennials are around 34 years old right now.
21:55 – GOP needs to give up on the social issues and strictly focus on running the country.
27:15 – Millennial parents provided a 'you can do anything' attitude and that's one of the reason why millennials are unique.
29:30 – The mentality of the 80s was to make a lot of money, quit the rat race, buy a boat.
32:05 – The US is unique because the country constantly tries to reinvent itself.
Mentioned In This Episode:
Will America Fail? By Ryan Houck
Sat, 21 March 2015
Jason Hartman invites Nancy Lublin to talk about her volunteer campaigns at DoSomething.org, the largest organization in the world for teens to help with social change. Nancy talks about her organization as well as Crisis Text Line, a texting hotline-equivalent for children and young adults experiencing bullying, depression, and more. Nancy shares some surprising facts about what today's teens are going through, how Crisis Text Line works, and how Do Something originally got started.
2:00 – Nancy explains a little bit about how Do Something works.
8:20 – Only about 2% of text messages that come into Crisis Text Line is about bullying.
10:45 – Mental health and homeless/poverty campaigns are two of the most popular campaigns on DoSomething.org
13:20 – Do Something was originally founded by the actor Andrew Shue
15:40 – Do Something focuses on trying to take adults (anyone over 26) out of the equation, so that young teens can feel like they're creating a direct change in the world.
17:20 – Nancy explains how you join a Do Something campaign.
18:45 – Life is better with friends and so is social change.
Mentioned In This Episode:
Mon, 16 March 2015
Jason invites David Scott on the Young Wealth show to talk about his book The Longest Distance. David's book teaches others about the importance of being in the present and finding happiness within. David and Jason talk about some of the key things you can learn from the book, how it applies to everyday life, and why it's a story that almost anybody can relate to. The Longest Distance has won the Living Now Book Awards and has been highly reviewed on Amazon as a very inspiring book to reread again and again.
1:40 – What is the HEAD Foundation?
6:05 – What's The Longest Distance about?
10:05 – Even though the book is fiction, there are some underlining truths to the stories.
14:45 – Does materialism really matter?
18:00 – If you're trying to be the best person you can be, it can be achieved in a number of different ways.
21:00 – Final thoughts? Whatever is going on in your life, make sure you're present with it.
Mentioned In This Episode:
Sat, 7 March 2015
Nicole Lapin has lend a very successful news anchor career and has appeared on several news channels such as CNN Live, Bloomberg, CNBC, and much, much more. She joins Jason today on Young Wealth to talk about her latest book, Rich Bitch. In the book, Nicole provides 12 incredibly easy steps for anyone to get control over their personal finances and make better financial decisions in their life. Nicole explains to Jason's audience some of the important steps in the book that will help them succeed in securing a better financial future.
1:30 – Nicole is currently on a book tour.
4:00 – The current financial advice is about starvation, depriving you of certain luxuries. Nicole argues to invest in yourself.
7:20 – Nicole has been called a bitch in a derogatory sense and she decided to own it.
9:20 – In Nicole's book, she touches on housing, savings, and investing.
11:30 – Jason explains rent to value ratios and when it's a good time to rent or purchase a home on leverage.
15:00 – Three to nine months of savings is what you should have before you start investing.
17:10 – Saving money is not just about math, your finances become more interesting when you link it towards your own personal goals too.
Mentioned In This Episode:
Rich Bitch by Nicole Lapin
Fri, 20 February 2015
Jason Hartman sits down one on one with his Youth Wealth audience today to talk about the possibility of moving back to California, the benefits of being a renter, and why Bitcoin is a bad investment. He also shares his expertise on what's currently happening in the Houston, North Dakota, and San Diego real estate market.
5:15 – Jason is considering moving back to California for tax purposes.
7:00 – Jason lists a couple of upcoming shows he'll be airing in the future.
10:35 – Bitcoin's price is plummeting. Jason's predictions were right.
14:10 – How do you calculate rent-to-value ratios? Jason breaks it down.
21:20 – The rental marketing will be moving in Houston due to layoffs.
25:35 – Income property often out performs the stock market.
28:50 – Bitcoin's rapid decline is seriously affecting the Bitcoin miners.
32:00 – Remember, Jason has other podcasts you can listen to!
24:50 – Don't forget to go to JasonHartman.com and check out some of the property listings on there.
Mentioned In This Episode:
Sun, 8 February 2015
In today's Young Wealth episode, Jason Hartman does a quick interview with Sramana Mitra. Sramana is the founder of One Million by One Million and the author of several books including the Golden Raft, Bootstrapping With A Paycheck, Billion Dollar Unicorns, and more. She talks to Jason today about her virtual incubation business – One Million by One Million and how her company works to help new businesses.
1:15 – What is a virtual incubator? Sramana explains what she does.
3:40 – Most companies get rejected for funding because they do not fit the standard venture capital criteria.
5:00 – What happens to these companies who don't fit the bill?
7:10 – Sramana talks about her membership plans on One Million by One Million.
8:45 – Sramana works with a wide range of companies and finds creative ways to help them self-finance or bootstrap the business.
10:30 – Sramana's company does not take equity, because they want entrepreneurs to start off on a good start.
13:00 – It's extremely cheap to start a business in today's market.
14:40 – Remember being an entrepreneur is hard! It takes a lot work and persistence.
Sat, 31 January 2015
Today’s Young Wealth Show sees Professor Sophia McClennen join Jason Hartman to discuss many of the issues arising in her book, Is Satire Saving Our Nation? These include the rise of satire, the changing values of Generation Y and the development of American news broadcasting, with a particular focus on the role Fox News plays in our society.
01.17 – Sophia McClennen describes how the role of satire is changing in today’s world.
04.00 – When traditional forms of news media were letting us down, the satirists just came and filled a gap.
06.44 – The establishing of Fox News in 1996 really changed the way American news media was viewed.
10.33 – What impact do these over-opinionated, over-affiliated news channels have on those watching?
12.45 – The way we’re being taught to think is changing the way we deal with topics that affect so many different aspects of our lives.
16.34 – Like in so many cases, we can learn a lot from considering demographical patterns.
21.09 – Jason Hartman brings the discussion round to the recent mid-term vote.
27.16 – For more information, head to www.SophiaMcClennen.com
Mentioned in this episode
Is Satire Saving Our Nation?: Mockery and American Politics by Sophia McClennen
Thu, 22 January 2015
In today’s Young Wealth Show, Jason Hartman discusses changing technology and how that’s affecting the way we now pay for things with CEO and Founder of Hartland Payments Systems, Robert Carr. Every aspect of our world seems to be at the hands of scientists and inventors striving to change how we do things, and money and payments are just the latest point of interest.
01.38 – With the world being digitalized and modernized, it was only a matter of time before it changed the way we pay for things too.
06.22 – A truly cashless world seems a long way off, but we’re definitely on the road to it.
10.03 – Robert Carr describes the ups and downs experienced by Hartland Payment Systems.
14.30 – It’s amazing when you think how far we’ve come with technological advances, and how far we can still go.
15.50 – PayPal has always been the leading company in this market, but where does it stand now?
18.18 – It’s not just the business side; Robert Carr has made a huge difference to 250 kids’ lives through his Give Something Back Foundation.
23.26 – Find out more about Robert and his book on the blog site: www.RobertOCarr.com
24.08 – Fundamentally, if you don’t have repeat customers or recommendations, you don’t have a business.
Mentioned in this episode
Through The Fires: An American Business Story of Turbulence, Triumph and Giving Back by Robert Carr.
Wed, 31 December 2014
Geography and demographic patterns prove their importance in the discussions featured on today’s Young Wealth Show. Jason Hartman talks to Peter Zeihan, author of The Accidental Superpower, about the many factors which have affected the economic and social growth of America and several other vital world powers. They consider topics from China’s one-child policy, the comparative strength of the dollar and the how the future looks in terms of oil production and 3D printing.
01.37 – Geography is still a vital factor to a country’s progress and development, especially when it comes to transportation.
07.05 – The dollar is the only hard currency in the world that exists in sufficient volume to lubricate the global system. What if the printing press actually was an option?
09.25 – America’s commitment to free trade still has a huge impact on today’s world economy.
14.35 – All of the various financial crashes are happening for the same reasons and we need to learn from them.
17.30 – China is in such a difficult demographical situation that America’s social pressure for near-retirees seems like nothing.
19.30 – Boundaries and ideas are starting to change for retirees, but those staying on in work are still in the minority.
22.15 – The future of American oil production and usage could have totally transformed by this time next year.
24.54 – The impact of 3D printing on supply chains is just staggering, and it’s going to continue to shrink the industry.
30.28 – For more information, head to www.Zeihan.com and the book, The Accidental Superpower is available at any local bookstore and online.
Mentioned in this episode
The Accidental Superpower: The Next Generation of American Preeminence and the Coming Global Disorder by Peter Zeihan
Tue, 23 December 2014
Today’s interviewee is none other than Jason’s Aunt Joan, an incredibly successful real estate investor who, together with her husband, owns more than 70 single-family homes around the Sacramento, California area. ‘Old-School’ seems to be the buzz-word of choice, but Joan talks about how she got into real estate, why she still loves it and gives some great advice about property management and keeping your tenants on side.
1.12 – Jason Hartman asks his influential Aunt Joan about the beginning of her successful lifetime of real estate investing.
5.35 – Low-priced markets might look like the easy way in, but issues could mean big problems later.
12.56 – The Cyber Monday sale at www.JasonHartman.com is now on, with discounts of up to 40%.
19.59 – The information offered by Aunt Joan is available at www.SacRentals.com
26.00 – Be aware, both as an owner and a tenant, about who is paying the city utilities. Owners, flaky tenants could mean this is your responsibility.
39.05 – With tenant selection being so vital to success, you really need to master this in the early stages.
34.25 – One of the reasons that real estate retains such popularity is because it’s such a tangible thing.
Tue, 16 December 2014
Jason Hartman invites Tim Carney, author of The Big Rip-Off and Obamanomics and writer for the Washington Examiner to come on the show and give his thoughts about the huge and potentially irreversible impact that big business and big Government are having on America. They also discuss topics such as human rights to information and what you say when Goldman Sachs offers you a position.
05.40 – Tim Carney provides some examples where regulation seems to have an alternate outcome to what was hoped.
10.35 – A look at the options of how we can possibly dislodge the power of big business and government.
11.42 – Politics and the economy are starting to work together because fewer people are now gaining from a specific policy.
14.13 – Government agencies don’t even have to worry about subtlety; if they want you they’ll do what they can to get you.
16.01 – Why is it that they can spy on us and we get no information about Government actions, even when they affect us?
17.38 - Big business benefits from and lobbies for big Government to the detriment of the consumer, the competitor and the tax payer.
20.08 – Technology could be our undoing or it could be our liberation. We’ll have to wait and see.
22.22 – To read Tim’s articles, head to www.WashingtonExaminer.com and his Fellowship is with the American Enterprise Institute: www.AEI.org
Mentioned in this episode
The Big Rip-Off by Tim Carney
Obamanomics by Tim Carney
Wed, 10 December 2014
Today’s Young Wealth Show looks at one of the most successful entrepreneurial stories of recent decades. Jason Hartman invites Brian Smith, the founder and the brains behind UGG Boots to talk about the brand’s unassuming roots, the difficulties of the early years and the steps associated to selling a brand such as UGG. They also discuss many of the points raised in Brian’s upcoming book The Birth of a Brand, which applies an interesting new metaphor to the concept of brand identification and development.
02.19 – The founder of UGG Boots, Brian Smith, describes the brand’s humble beginnings.
06.45 – Experience can sometimes hold you back more than help you out – if you knew all of the obstacles in your way, would you ever start anything?
11.22 – Every image you give out to your target market sends out a message about your brand. Make sure it’s the right message.
15.26 – Understanding business means understanding that you can’t give birth to adults.
24.34 – You need to be able to answer 4 main questions for an investor to even consider taking you seriously.
27.15 – Never underestimate the power of product placement – it worked wonders for UGG Boots.
30.41 – In business, you have to understand which aspects you’re good at and enjoy, and which you don’t.
33.38 – For more information about Brian Smith, head to www.BrianSmithSpeaker.com
Mentioned in this episode
The Birth of a Brand: Launching Your Entrepreneurial Passion and Soul by Brian Smith
Direct download: YW_82_Brian_Smith_Founder_of_UGG_boots_The_Birth_of_a_Brand.mp3
Category:Young Wealth Show -- posted at: 3:22pm EDT
Wed, 12 November 2014
Christine Hassler comes on to the Young Wealth show to talk about disappointment and how that affects millennials. She is a professional speaker and considers herself a Gen Y expert. She is also an author and has recently published a new book called Expectation Hangover: Overcoming Disappointment in Work, Love, and Life, which both Jason and her discuss in detail.
3:45 – Christine's new book, Expectation Hangover, is for anybody who has been disappointed and wants to leverage it.
6:14 – Millennials are fantastic employees. They're fast learners, they have a can-do attitude, and they think outside of the box.
10:00 – A break up leads to a break down, which leads to a break through.
13:25 – Take a pause and accept your feelings, then you can work on releasing them.
16:30 – In order for things to change, things have to bad. Christine believes millennials will be able to fix the broken school system and reduce the amount of student debt everyone has.
18:45 – Be mindful of managing your expectations. Take the steps and have the vision, do what you can, but don't make your happiness and your worthiness dependent on the result.
21:00 – It's important to be optimistic about your life, but it's also important to not put your emotions into that optimism.
Mentioned In This Episode:
Tue, 4 November 2014
Today’s Young Wealth Show sees Jason Hartman talking to the author of Life Purpose Boot Camp, Eric Maisel about how we need to change our perception of meaning and anxiety in the creative world. Maisel’s atheist beliefs lead to a spirited exchanging of views, making today’s podcast informative and passionate.
02.50 – Eric Maisel’s movement is not about searching for meaning, but about creating meaning.
09.00 – It’s important to assess if your life as it is has meaning, but it’s more difficult to throw everything away because of that.
12.05 – Part of the anxiety problem is that 99% of performing artists get no feedback whatsoever.
14.00 – The key to reaching this more creative level really lies in the morning creativity practice.
22.08 – Religion still has a very strong societal hold on people and it can be this sense of community which makes it hardest to leave.
26.10 – Maisel claims we have two choices with the future of religion: perpetuate lies or be honest and see which side produces higher morality.
28.13 – For more information, head to www.EricMaisel.com, and if you’re interested in learning more about natural psychology, you can download a free copy of Maisel’s book Natural Psychology at www.NaturalPsychology.net
Thu, 30 October 2014
Justin Gilchrist guest appears on the Young Wealth show today. He is an expert in buying online businesses and is also the co-founder of Centurica - a company that helps customers with website assessment and due diligence. He shares some important insider tips to Jason and his listeners about what you need to look for when purchasing an online business for the very first time.
5:22 – For the most part, Justin wouldn't classify it as a business unless it's at least 1 year old.
8:00 – Justin looks carefully into how an online business generates traffic and where those searches come from directly. Good traffic should be spread out through organic, paid ads, and social media searches.
12:44 – Justin suggests different types of website businesses to his clients depending on the person and their technical background.
16:30 – Businesses sometimes do sketchy things with their revenue reporting and it's Justin's job to make sure you don't fall into a bad business purchase because of it.
20:00 – What Justin advises is to get all the necessary information together before you speak to his company. Does this website look too good to be true? Is it logical? Is the website consistent?
23:00 – Justin sometimes has to look for very, very technical problems that his clients might not know about. You have to check everything and to have the experience to know when something doesn't look right.
24:20 – Use leverage when it comes to buying a website. Most times you can change the terms of a deal to pay for a website slowly and overtime. This will prevent you from going out of pocket right away.
Mentioned In This Episode: