Creating Wealth Real Estate Investing with Jason Hartman

Jason answers some listener questions, and then shares some wisdom from Earl Nightingale and Dan Sullivan.

Direct download: CW_588_FBF.mp3
Category:general -- posted at: 1:36pm EST

Jason does a solo episode on today's show and has a number of thoughts he'd like to share with the audience. Jason emphasizes the importance of leveraging not only our investments, but our business, and our biology too. He believes leverage is the key to success and talks on why leverage is so important. Jason also talks on Tony Robbins and his philosophy after attending his seminar last week.

 

Key Takeaways:

[2:30] Today Jason will be diving into more general topics not necessarily related to investing.

[3:40] What kind of resources does Jason read?

[8:20] Books are too long!

[9:40] Jason believes the three most important things in life are our business, biology, and investments.

[12:10] Walking 10,000 steps is a pretty big accomplishment.

[12:50] The focus of the Creating Wealth show is to gain leverage on our investments.

[14:45] The self-driving car could change the location, location, location motto in real estate investing.

[19:00] Jason talks about Tony Robbins.

[22:50] Can you really decide to be happy?

[25:10] What are we really focused on?

[29:55] Jason shares his thoughts about the book Talent Code by Daniel Coyle.

[32:15] The best way to learn how to be a real estate investor? Buy property!

[35:25] Jason shares his thoughts on the book Disrupt Yourself by Jay Samit.

[37:30] There's a website that can tell you if you're house is haunted.

[40:55] Marijuana and Denver real estate.

[43:15] Check out Jason's next events via his website. P.S The Orlando property tour is almost full.

 

Mentioned In This Episode:

http://www.jasonhartman.com/

Tough Times Never Last, But Tough People Do! by Robert H. Schuller.

Talent Code by Daniel Coyle

The Organized Mind by Daniel Levitin.

Disrupt Yourself by Jay Samit.

http://www.diedinhouse.com/

http://www.newser.com/story/214744/marijuana-having-big-impact-on-denver-real-estate.html


Megan Greene joins us today to discuss the results of the 2015 John Hancock Investor Sentiment Survey. She shares her views on whether or not the Fed’s will raise the interest rate, if the stock market is rigged and how she believes monetary easing stokes financial inequality.

 

There are still a few spots left for the Orlando Property Tour! Go to JasonHartman.com to reserve your spot.

 

Key Takeaways:

 

Jason’s Editorial:

[1:54] Ms. Hartman is an extreme do it yourselfer

[5:03] Jason wants me to increase my rent to value ratio

[7:03] Sign, sign everywhere a sign

[8:01] Inflation induced debt destruction

[9:01] Orlando Property Tour has a few spots left

[10:11] Meet the Masters in January

[10:18] Venture Alliance Mastermind - February in Dubai

[11:48] “Divorce the story, marry the truth” - Tony Robbins quote

 

Megan Greene Guest Interview:

[13:11] Regulations and less market liquidity causes volatility

[14:21] High frequency trading makes it difficult for small players

[16:29] The stock market is partly rigged

[17:50] What’s the next move for the Fed

[20:53] Results of the investor sentiment survey

[21:41] The Fed’s may hike in December

[22:58] Monetary easing stokes financial inequality

[24:41] Pushing investors into riskier investments

[26:28] Infrastructure spending may be in the future for the U.S. 

[27:05] How will a rate hike affect mortgage holders

[29:16] Mobility is a benefit for Gen Y workers

[30:25] Risks coming from outside of the U.S.

 

Mentions:

Tony Robbins

JasonHartman.com

Garrett Sutton

Manulife

John Hancock Asset Management


In this show Jason has a very casual, impromptu (and silly at times) discussion with two of his favorite Investment Counselors, Ari and Sara.  You’ll get a debrief on the last Creating Wealth Boot Camp, some investing insights, a “case study” article from The Financial Freedom Report and hear first hand from one of recent our clients who is creating high ROI in this market.

The next show will feature Jason’s interview with New York Times #1 bestselling author and speaker, Harvey MacKay, as they review his latest book Use Your Head To Get Your Foot In The Door: Job Search Secrets No One Else Will Tell You and some of Harvey’s older works like How To Swim With The Sharks Without Being Eaten Alive.

Direct download: CW_585_FBF.mp3
Category:general -- posted at: 2:47pm EST

It’s impossible to predict which way the market will turn with any amount of certainty. But there are safeguards in place for you to invest your money into proven outlets. The main investment you should consider is the most historically proven asset class, income property. Financial planners won’t suggest it and Certified Public Accountants may not know key factors to assessing your risk. A real estate investment group may be the only entity you can turn to when you want to make a solid investment.

 

Check out our Early Bird pricing for Meet the Masters.

 

Key Takeaways:

 

Jason’s Editorial:

[2:26] Fernando discovers he probably should have purchased auctioned homes in Florida

[9:10] Don’t spend so much time on individual properties

[10:46] Florida had a lot of properties for sale

[12:33] Judicial foreclosure markets have a slower market discovery

[13:36] No one can predict what the market is going to do

[15:40] An example of one of the properties

[16:53] Phoenix gets too expensive

[22:34] We hope to see you on the Orlando Property Tour & Meet the Masters

 

Jeff Barnes Guest Interview:

[24:17] There is a wide array of qualified retirement plans

[25:52] Two tax codes, Business & Employee

[27:57] Real Estate investors want to grow their money tax deferred

[32:13] Diversification of income property inside of your retirement plan

[34:28] Proving your transactions to the IRS

[36:56] Many consumers don’t know how to invest

[39:01] Becoming equity partners as a passive investor

[41:45] Use the same strategies as bank, a hard money lender

[44:26] To succeed, maintain control

[45:08] Jeff’s Wall Street history

[49:10] A certified financial planner isn’t trained in the #1 historically proven asset class

[53:48] Wall Street has countless outlets for investment information

[55:21] 30% of corporate profits in the U.S. come from financial services industry

 

Mentions:

American Auction Network TV

Zillow

Ready, Fire, Aim

JasonHartman.com

The Ultimate Guide for Self Directed Investing & Retirement Planning

SelfDirected.com

Direct download: CW_584_Jeff_Barnes_Self_Directed_Investing_26_Retirement_Planning.mp3
Category:general -- posted at: 6:55pm EST

Tren Griffin doesn’t know the current stock price of Berkshire Hathaway and says Warren Buffett probably doesn’t either. Day-to-day ups and downs in the market don’t affect feasible, long-term investments. Value investing, traditionally known as buy and hold investing, approaches investing differently than most low fee indexes. It encourages rational thinking, interest based buying and finding the price mistakes in the market. 

Early Bird pricing for the next Meet the Masters event is now available.

 

Key Takeaways:

Jason’s Editorial:

[1:29] Orlando Property Tour & Creating Wealth Seminar coming up

[3:06] What I like about Warren Buffett

[4:37] Know this about the properties on our site

[9:39] The Walmart documentary example

[14:11] Every company has 3 primary audiences - suppliers, stakeholders & customers

[16:00] Send me an email with good quality sitcoms!

[18:06] Meet the Masters - Early bird pricing available now!

[18:30] Dubai in February with the Venture Alliance

 

Tren Griffin Guest Interview:

[19:35] Why write about Charlie Munger

[20:56] 4 principles of value investing

[24:11] Munger philosophy of decision-making

[25:27] 25iq

[26:34] The key to investing is to find a mistake - FOMO

[31:40] Markets are difficult to predict in the short term

[33:37] Aligning investments with interests

[35:51] Are you willing to do the work required by value investing

[37:38] The circle of confidence - become a specialist in one area

[39:50] Munger/Buffett fundamental - Get Rich Slow

[44:14] Berkshire stock never splits

[46:12] Following Tren

[48:03] You can have a life when you are a value investor

 

Mentions:

JasonHartman.com

Charlie Munger: The Complete Investor

reviews@jasonhartman.com

Venture Alliance Mastermind

25iq

@trengriffin

Flash Boys

Direct download: CW_583_Tren_Griffin20_Charlie_Munger_The_Complete_Investor.mp3
Category:general -- posted at: 5:44pm EST

Jason Hartman talks with acclaimed financial advisor Ric Edelman.  Barron’s has six times (2004–2009) ranked Ric Edelman among America’s 100 top financial advisors. In 2009, Ric was ranked the #1 independent financial advisor in the nation by Barron’s.

In 2004, Ric was inducted into the Financial Advisor Hall of Fame, ranked by Research Magazine for his focus on the individual client and ranked #42 on Registered Rep magazine’s list of “America’s Top 50 Advisors.” Inc. magazine three times named the firm the fastest-growing privately-held financial planning firm in the country. Ric received an honorary doctorate from Rowan University in 1999, and in 2007 was inducted into the Rowan University Public Relations Student Society of America Hall of Fame.

As a #1 New York Times best-selling author his five books on personal finance include Ordinary People, Extraordinary Wealth; The New Rules of Money; Discover the Wealth Within You; What You Need to Do Now; and the personal finance classic, The Truth About Money. His sixth book, The Lies About Money, was published in the fall of 2007 by Simon & Schuster and his latest book, Rescue Your Money, was published in the spring of 2008.  Ric’s books have been translated into several languages.

As a national radio show host on ABC Radio Networks, he can be heard on radio stations throughout the country. The live call-in advice program has been on the air for more than 15 years and earned Ric the A.I.R. Award for Best Talk Show Host in Washington D.C. (1993).  He also publishes a monthly newsletter, has built one of the most comprehensive and free online educational resources about personal finance at RicEdelman.com, and is the author of video and audio educational systems that help people achieve their financial goals.

Philanthropic Activities include Rowan University. They also funded the Edelman Nursing Career Development Center at Inova Health System Foundation. Ric served six years on the Board of the United Way of the National Capital Area and in 2007 completed his two-year term as Chairman of the Board. He also serves on the boards of The Boys & Girls Clubs of Greater Washington, D.C., and its foundation. Ric also is a full partner of the American Savings Education Council and the Jump$tart Coalition for Personal Financial Literacy. He is a former board member of Junior Achievement of the National Capital Area and served for three years on the Grants Committee of the Foundation for Financial Planning, where he remains a major donor. They also actively support HEROES Inc., Make-a-Wish Foundation, The Leukemia & Lymphoma Society, and many other charities.

As Chairman and CEO of Edelman Financial Services LLC. He is also President and Director of Sanders Morris Harris Group. Ric is an Investment Advisor Representative and offers advisory services through EFS an SEC-registered investment advisor. He is also a Registered Representative of and offers securities through Sanders Morris Harris Inc., an affiliated broker/dealer, member FINRA/SIPC.
Barron’s ranking “Top 100 Independent Financial Advisors” (Aug. 31, 2009) based on assets under management, revenues the advisors generate for their firms, and the quality of their practices.

 

Direct download: CW_582_FBF.mp3
Category:general -- posted at: 4:17pm EST

Even though Jason believes in a fixed rate, long-term, buy and hold mortgage strategy, he encourages people to be informed about the additional financing options available. This week he and Naresh take a deep dive into the adjustable-rate mortgage, breaking it down into easy to understand piece parts. They also discuss the wrap around mortgage, what the term negative rate means and give numerical examples to clearly explain each distinct type of calculation.

 

Early Bird pricing is available for the Orlando Property Tour & Creative Wealth Boot Camp

 

Key Takeaways:

[2:46] 5 Elements of adjustable-rate mortgages (ARM)

[4:19] 1. Start or Teaser rate

[5:10] 2. Index

[7:20] 3. Margin

[8:50] 4. Annual cap - 3 types

[13:38] Negative interest rates

[18:17] Negative amortization rate 

[19:05] Sophisticated investing techniques

[22:43] AITD - Wrap around mortgage

[24:23] Wrap around mortgage example

[28:48] Don’t forget about the Orlando Property tour & Creating Wealth Boot Camp

 

Mentions:

JasonHartman.com


The emerging middle class is a billion strong and they are driving the new economy. If new businesses and entrepreneurs wish to stay in the game they will need to embrace the changing business landscape. They should throw out the old business plan and start with a noble cause, one which connects people with something no other company is able to connect them to. Legacy brands find themselves fighting for a piece of the new consumer.

Key Takeaways:

Jason’s Editorial:

[1:30] Orlando Property Tour and Creative Wealth Seminar

[2:32] Early 2016 Venture Alliance trip to Dubai

[3:56] Message from Jeff about the Venture Alliance Rhode Island trip

[6:10] Rich Dad advisor writer Garrett Sutton speaking at the next Meet the Masters

[6:53] Upcoming shows

John Sculley Guest Interview:

[10:13] Unprecedented growth of company’s who talk directly with consumers

[11:38] Democratizing the economy

[12:44] Famous brands have their backs against the wall

[13:54] Our changing workplace

[15:28] Steve Jobs appreciated the Pepsi Challenge

[18:37] The experience expectation

[19:05] Consumer businesses John is working in

[21:01] $129 for an Obi Worldphone

[22:58] The legacy business plan is dead

[24:44] Why have a noble cause

[26:35] The new world middle class

[28:36] A customer plan using common sense

[30:30] How to contact Mr. Sculley

 

Mentions:

Moonshot!

Venture Alliance Mastermind

JasonHartman.com

Garrett Sutton

Hotwire

Obi Worldphone

MDLive

JohnSculley.com

Sculley Speaks

Direct download: CW_580_John_Sculley.mp3
Category:general -- posted at: 7:32pm EST

If you thought economics was boring, think again. At the heart of wars, land grabs, politics, history, and almost any sort of human interaction lies economics. Remember – economics is about money, and money, depending upon your perspective, either makes the world go ‘round or is the root of all evil.

Either way, Jason Hartman’s interview of master economist, Martin Armstrong, for episode #382 of The Creating Wealth Show makes for scintillating listening. First, some background.

Martin Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed. In September 1999, Armstrong faced prosecution by the Securities and Exchange Commission and the Commodity Futures Trading Commission for fraud. During the trial, Armstrong was imprisoned for over seven years for civil contempt of court, one of the longest-running cases of civil contempt in American legal history. In August 2006, Armstrong pleaded guilty to one count of conspiracy to commit fraud, and began a five-year sentence.

Armstrong is the developer of the Economic Confidence Model based on business cycles. He is known for claiming to have predicted the crash of 1987 to the very day. Using his theory that boom-bust cycles occur once every 3,141 days (the number pi multiplied by 1000), Armstrong claimed in 1999 to have predicted the Nikkei’s collapse in 1989 and Russia’s financial collapse in 1998.

During this interview Jason and Martin delve into a number of topics:

Putin’s Plan
Armstrong reminds us that Russian President Putin is a KGB disciple who would love nothing more than to put the Soviet Union back together. Through this prism, it’s not difficult to see the reasons behind his land grab in the Ukraine. He believes that the strength of a nation depends upon how much territory it owns, so look out Poland, etc! It’s also worthwhile to note that the failure of communism in Russia left a void that has been filled by a good, old-fashioned oligarchy.

Inflation vs. Deflation
As all good economists do, Mr. Armstrong has a strong understanding of, and opinions about, the inflation and deflation in an economy. Of course, Jason loves this topic whenever it arise in conversation. The main point Martin makes is that it is not inflation that destroys an economy, but rather deflation. Listen in as he explains exactly how.

Other notes of interest from the interview:

  • Why we’re on a 25-year war cycle and 8.6-year business cycle
  • Why the US ended up in the enviable/unenviable status as the Brinks truck to the world
  • Is the American dollar now a de facto international currency?
  • The US will never enter hyperinflation (400% monthly inflation) – our corrupt bankers won’t let it happen
  • It’s almost impossible for Americans to open a bank account or do business overseas – what is Europe afraid of?
  • The next economic implosion will be in pension funds
  • The real reason behind the recent huge influx of foreigners buying real estate investments in the US
Direct download: CW_579_FBF.mp3
Category:general -- posted at: 4:13pm EST