Creating Wealth Real Estate Investing with Jason Hartman

Today’s Creating Wealth Show takes a step away from real estate investment and instead, 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. 

 

Key Takeaways

01.29 – Rather than Black Friday, we’re celebrating with Cyber Monday deals, so be sure to check those out at www.JasonHartman.com any day now. 

06.20 – The founder of UGG Boots, Brian Smith, describes the brand’s humble beginnings.

10.45 – 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?

15.22 – Every image you give out to your target market sends out a message about your brand. Make sure it’s the right message.

19.26 – Understanding business means understanding that you can’t give birth to adults.

28.34 – You need to be able to answer 4 main questions for an investor to even consider taking you seriously. 

31.15 – Never underestimate the power of product placement – it worked wonders for UGG Boots.

34.41 – In business, you have to understand which aspects you’re good at and enjoy, and which you don’t.

37.38 – 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: CW_445_Brian_Smith_Founder_of_UGG_boots_The_Birth_of_a_Brand.mp3
Category:Podcast -- posted at: 10:29am EST

To introduce today’s Creating Wealth Show, Jason Hartman considers the changes the role of disintermediation has brought about in terms of consumer empowerment, before inviting another attendee of the Birmingham, Alabama Property Tour to share his real estate experience. Scott from Washington DC is an experienced investor who is interesting in branching out and expanding his portfolio into new markets. His main query for Jason is ‘How can I maximize my depreciation in commercial and residential properties?’

 

Later, Jason interviews director and producer, John Sullivan, the brains behind 2016: Obama’s America, America: Imagine The World Without Her and his latest film, Unfair: Exposing the IRS. They discuss many of the issues arising in the various movies as well as touching upon broader topics such as the growing anti-American sentiment and the impact of people’s ideologies and philosophies. 

 

Key Takeaways

02.25 – By becoming a Member before registering for any of Jason Hartman’s events, you can take advantage of huge members’ discounts.

09.11 – Thanks to changes in technology and society, more power is in the hands of the consumer.

16.00 – A big drawback of commercial properties is the much longer depreciation time (39.5 years to the 27.5 years of residential properties).

18.30 – Jason Hartman gives his guest and his listeners some advice on maximizing their depreciation.

22.53 – Unfair: Exposing the IRS takes what we think we know about the IRS and delves even deeper into it.

28.00 – With so many new laws created every year, how can anyone keep to every single law every day?

32.20 – Among Americans, especially students, the perception of America itself seems to be changing.

34.05 – Jason Hartman asks the key question: What would the world be like without America?

26.10 – John Sullivan poses the interesting notion that the main anti-America sentiment is home-grown and has a fairly recent historical stem.

39.30 – The philosophies and ideologies of a lot of Americans are also now being thrown into disrepute.

43.24 – Find out more information about the most recent film at www.AmericaTheMovie.com and about the upcoming film at www.UnfairMovie.com

 

Mentioned in this episode

www.Travelocity.com

www.Expedia.com

www.AngiesList.com 

America: Imagine The World Without Her – a documentary produced by John Sullivan

2016: Obama’s America – a documentary produced by John Sullivan

Unfair: Exposing the IRS - a documentary produced by John Sullivan

Expelled: No Intelligence Allowed - a documentary produced by John Sullivan

Three Felonies a Day by Harvey Silverglate

 

The People’s History of the United States by Howard Zinn

Direct download: CW_444_John_Sullivan_Rev_1.mp3
Category:Podcast -- posted at: 10:38am EST

Jason Hartman’s introduction for today’s Creating Wealth Show was recorded at the November 2014 Property Tour in Birmingham, Alabama. It features a mini-interview with Jonathan, one of the tour’s attendees, who is a 25 year old with a duplex already under his belt and who has big real estate aspirations for the future. He gives his personal account of what it’s like to attend the Creating Wealth live events.

 

Later, Jason Hartman speaks with Chris Cabanillas of Cabanillas Law Firm, who is an expert in foreclosure and shadow inventory. These are the main topics of discussion throughout the show, but Chris also gives an insight into what you should expect from working with an attorney and considers the issues associated with judicial foreclosure. 

 

Key Takeaways

05.00 – When working in a partnership, assess each member’s contributions and then work out how to offset the equity from that.

09.52 – If foreclosure actions aren’t being correctly carried out, the shadow inventory is just going to continue to grow.

15.22 – With so few of these foreclosure cases even going to court, the majority could be won on default judgement.

19.03 – Ease of foreclosure for lenders changes drastically in judicial to non-judicial states.

21.25 – Chris Cabanillas gives his advice for those facing foreclosure. 

25.44 – The personal, human aspect of a short sale might be what leads to higher overall prices. 

27.53 – The fee structure will change depending on the attorney’s firm and the jurisdiction they work within, but the most important thing is to be able to meet face to face with your attorney. 

36.05 – Foreign investment is filling up places like Manhattan and the investors may never even spend a night there!

 

Mentioned in this episode

 

Slicing Pie by Mike Moyer

Direct download: CW_443_Chris_Cabanillas_Foreclosures_Cabanillas_Law.mp3
Category:Podcast -- posted at: 1:38pm EST

Geography and demographic patterns prove their importance in the discussions featured on today’s Creating 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. 

 

Key takeaways

01.37 – Peter Zeihan has held high-ranking positions within Stratfor, an intelligence company used by government and business officials.

04.57 – You have to ask the bigger question: ‘compared to what?’ What are you comparing everything to?

05.51 – Jason Hartman details some of the guest interviews we have in upcoming episodes of the Creating Wealth Show. 

13.29 – Geography is still a vital factor to a country’s progress and development, especially when it comes to transportation.

18.54 – 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?

21.08 – America’s commitment to free trade still has a huge impact on today’s world economy.

26.48 – All of the various financial crashes are happening for the same reasons and we need to learn from them.

29.41 – China is in such a difficult demographical situation that America’s social pressure for near-retirees seems like nothing. 

32.08 – Boundaries and ideas are starting to change for retirees, but those staying on in work are still in the minority.

34.05 – The future of American oil production and usage could have totally transformed by this time next year.

36.53 – The impact of 3D printing on supply chains is just staggering, and it’s going to continue to shrink the industry.

42.16 – 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

 

Money: Master the Game by Tony Robbins

Direct download: CW_442_Peter_Zeihan_ACCIDENTAL_SUPERPOWER.mp3
Category:Podcast -- posted at: 9:45pm EST

In today’s Creating Wealth Show, Jason Hartman talks to Yahoo Finance’s Jeff Macke about the impact of changing technologies, the perception of Doomsday skepticism and what underemployment means for those seeking jobs and those hiring. Macke also ways in on the inflation/deflation debate and discusses some of the points raised in his book Clash of the Financial Pundits

 

Key Takeaways

01.05 – We want to hear your opinions and thoughts on the show, so be sure to leave a review on iTunes or Stitcher Radio. 

06.49 – To have your questions answered on the show, just sign up for an appointment at www.JasonHartman.com/Jason

08.29 – Jason Hartman runs through the schedule for the Birmingham Property Tour on Saturday 22nd and Sunday 23rd November 2014.

11.19 – There is some disparity between what the press makes us believe and the reality of the economy.

14.40 – New technology combined with human resources can lead to an end to such extreme inefficiency.

17.50 – Underemployment is a tricky issue when we have so many graduates with massive student debt who still can’t get a job.

22.16 – How many jobs will this new technology end up replacing? 

25.14 – It’s easy to criticize and bet on the Doomsday ending, but it’s a lousy bet. 

27.44 – Jeff Macke gives his opinion on the future in terms of inflation or deflation. 

31.43 – There are two real ways of making money as a pundit: make other people money or just scare them.

33.00 – The gold-bugs focus so much on the math, but it’s just not all about math. We now have so many other factors that come into play, and we can’t forget about them.

 

Mentioned in this episode

Clash of the Financial Pundits by Jeff Macke

www.Hotwire.com

www.Priceline.com

www.Lyft.com

 

www.Uber.com

Direct download: CW_441_Jeff_Macke_Yahoo_Finance.mp3
Category:Podcast -- posted at: 10:00pm EST

Today’s 10th episode Creating Wealth Show deals with issues other than business and finance, but guest Lori Ann LaRocco of CNBC joins Jason Hartman to discuss her latest book, Opportunity Knocking: Lessons from Business Leaders. She talks about the pyramid notion of achieving leadership success both in your personal and business life and how important it is to know yourself before you can even hope to expand your potential for success.

 

Key Takeaways

01.53 – Stocks of the physical merchandise of the Meet the Masters and Creating Wealth Home Study Courses are still available but running low: www.JasonHartman.com/Products

03.24 – Successful leaders in any field all seem to follow a series of seven strategies, starting with something as simple as knowing yourself.

06.46 – Find others who inspire you and then form and follow your own aspirations.

10.33 – Take your idea and stick with it. Even if it’s not always popular, stick with what you know to be right.

16.54 – True passion is much more attractive to an employer or investor because it’s a great motivator.

19.55 – Some levels of the pyramid take longer to achieve, but it’s the culminated effort which brings success.

27.03 – Self-belief is really one of the most important elements here.

28.05 – To find out more information about Lori Ann LaRocco, head to her blog at www.LoriAnnLaRocco.wordpress.com

30.06 – In Lori Ann LaRocco’s earlier book, Thriving in the New Economy, she created the mini biographies of various CEOs to show their reactions and their mistakes in the lead-up to and aftermath of the financial crisis.

33.55 – The way that these bubbles work is that when you’re in it, you just can’t see it. Even with hindsight, we don’t seem able to learn.

 

Mentioned in this episode

Opportunity Knocking: Lessons from Business Leaders by Lori Ann LaRocco

Thriving in the New Economy by Lori Ann LaRocco

 

Start with Why: How Great Leaders Inspire Everyone to Take Action by Simon Sinek

Direct download: CW_440_Lori_Ann_LaRocco_Opportunity_Knocking.mp3
Category:Podcast -- posted at: 10:58pm EST

There’s a nostalgic feeling to today’s Creating Wealth Show as Jason Hartman provides a live recording from the 2014 Meet the Masters event in Orange County, California. This gives listeners a taste of what they can expect from the January 2015 event in Irvine, California, and also provides a good opportunity to see how far the financial and real estate worlds have come over the past months. Key topics covered include the Case-Shiller index, reassessing Rent-to-Value ratios and the development of bitcoin.

 

Key Takeaways

04.30 – Jason Hartman’s investment strategy doesn’t focus on appreciation – if it happens, it’s a bonus.

07.45 – Bitcoin and its competing alternative cyber currencies really came about because people are starting to doubt the fiat money Central Banking model that we’ve become accustomed to.

10.50 – Despite being the most commonly used index, Jason Hartman would only recommend 6 of the 20 markets proposed by the Case-Shiller index. 

14.08 – As humans, we find it inherently difficult to know when to cut losses and just walk away.

15.50 – Niall Ferguson claims that the most powerful part of the financial system is the bond market, and we would all do well to remember that.

20.09 – Real estate is not a very liquid market and so even when prices drop, they don’t drop as quickly as most other asset classes.

26.18 – Rent-to-value ratios change totally if you think about the actual utility cost per month – how much is your renter paying to use your property, and how does that compare with what you think the value is?

31.23 – The forms and uses of money have changed many times throughout history, and now we’re dealing with the technological side of currency, which has led us to bitcoin.

39.50 – Jason Hartman goes through step-by-step considering the relative merits and failings of the dollar, bitcoin, gold and income property.

 

Mentioned in this episode

 

The Ascent of Money by Niall Ferguson

Direct download: CW_439.mp3
Category:Podcast -- posted at: 11:09pm EST

The incredible scientific event of November 12th 2014 with the Philae lander touching down on a comet sets the tone for today’s Creating Wealth introduction. Host, Jason Hartman marvels at what an amazing time it is to be alive and considers the impact of such technology on real estate investments.

 

Later, expert in demographics and social real estate trends, Matt Carmichael of www.Livability.com joins the show to discuss the motivations behind relocation and what leads people to choose their new home locations, as well as offering a realistically stark viewpoint on the state of the middle class.

 

Key Takeaways

02.40 – Investing in real estate and land doesn’t come with the same risk as investing in gold or precious metals does – they’re not making any more land!

03.19 – Despite all of the physical and logistical difficulties of landing a spacecraft on a moving comet, today it was achieved.

06.37 – Demographical and life changes can often prompt a move or change in location.

11.17 – By focusing on the smaller towns and cities, Matt Carmichael can tell the stories of places which are actually more achievable for the average buyer or renter.

12.26 – Political persuasions are starting to play a bigger part in the motivation for choosing an area.

17.41 – Walkability and the whole feeling of a community can be a huge factor in real estate appreciation trends.

21.37 – The middle class is in a state of flux and it’s getting so much harder to maintain your position in that class.

27.10 – So many factors and categories go into deciding which cities should make the ‘Overall Best Place to Live’ list.

 

28.47 – For more general information, head to www.Livability.com. To find out about the book, go to www.Buyographics.com

 

Mentioned in this episode

Buyographics by Matt Carmichael

War on the Middle Class by Lou Dobbs

www.Livability.com 

 

www.WalkScore.com

Direct download: CW_438_Matt_Carmichael.mp3
Category:Podcast -- posted at: 9:31pm EST

In the introduction of today’s Creating Wealth Show, Jason Hartman gives the lowdown on some inspirational and uncannily accurate quotes and mottos for both your personal and business life, as well as demonstrating the importance of focusing on growth.

David Crowe, Chief Economist and Senior Vice President of the NAHB, joins Jason to continue the theme of growth, to consider some of the changing motivations in the housing market  and to think about the wider impact that first-time buyers (or the lack thereof!) are having on real estate trends.

 

Key Takeaways

01.47 – You should constantly have your mind focused on increasing growth, rather than letting your ideas and your drive become stagnant.

03.25 – Chris Guillebeau places a lot of emphasis on believing in your own dreams and finding your motivation for creating change.

08.23 – The Meet the Masters event in January is now confirmed, so register your place at www.JasonHartman.com

10.15 – The uncertainty over mortgages and housing recovery processes is keeping first-time buyers well away from the market.

14.00 – Whilst we can still monitor the growth of recovery, it’s slower than we would ideally like to see.

18.58 – NAHB’s membership is mostly made up of small businesses, but they currently total around 140,000 members.

23.19 – Housing developments and techniques are changing now that it’s easier to build the technology directly into the house.

27.55 – When first-time buyers do get into the market, they have both a significant direct and indirect impact. 

29.46 – There is a noticeable trend between first-time buyers and a lifestyle shift to marriage and having children.

31.10 – For more information, head to the website for the National Association of Home Builders: www.NAHB.org

 

 

Mentioned in this episode

 

The Happiness of Pursuit by Chris Guillebeau

Direct download: CW_437_David_Crowe_National_Association_of_Home_Builders.mp3
Category:Podcast -- posted at: 10:01pm EST

Patrick Cox produces unbiased and independent research in the field of transformational technology. He has worked closely with Nobel Prize-winning scientists and economists along with having over 200 of his editorials appear on the Wall Street Journal, USA Today, and more. Patrick shares some insider science to Jason and his audience today and also talks about some very interesting medical advancements the media fails to report on. 

 

Key Takeaways:

4:35 – Conviction and convenience do not live together, so you have to separate yourself from convenience. 

7:10 – If you have plans to do great things, you are bound to find some resistance from your friends and family. 

10:00 – You can't get more in life until you are grateful for what you have today. 

14:00 – Birmingham property tour is coming up and Meet the Masters event is coming up in January. 

18:00 – There's a lot of exciting things going on in science, but you wouldn't know that because the media is very poor at reporting science. 

20:10 – Social security is under estimating our life spans. In reality, people will be living a lot longer. 

24:30 – The government is obsessed with not putting out a drug that may have side effects, which Patrick believes is absurd when so many lives are at stake. A possible cure with side effects is better than no cure when people are dying.  

27:00 – The FDA has not adapted to the new model of how personalized medicine works. 

30:10 – Scientists did tests on a chemical compound called anatabine and found it be the most effective anti-inflammatory agent ever discovered.  

34:00 – There are a number of ways you can rejuvenate the heart muscles when they've been damaged. We thought for a long time that these could not be repaired at all. 

39:00 – The Japanese are leading in rejuvenation medicine because they understand their citizens are getting older and fewer Japanese are being born.  

42:15 – We have the tech crowd pushing against the roadblocks that cutting-edge medicine is facing. 

 

Mentioned In This Episode:

http://www.jasonhartman.com/

http://www.patrickcoxdna.com/

 

https://www.mauldineconomics.com/

Direct download: CW_436_Patrick_Cox_Transformational_Technology20_Mauldin_Economics.mp3
Category:Podcast -- posted at: 7:25pm EST