Creating Wealth Real Estate Investing with Jason Hartman

Jason’s mom will be attending the upcoming Venture Alliance Mastermind trip to Jekyll Island. She decided to prepare herself by reading the updated version of The Creature from Jekyll Island again. She and Jason review sections of the book and discuss the insanity which is the Federal Reserve and how the entity came to be. You are invited to join Jason and his mother on the Jekyll Island trip as a Venture Alliance member or as a guest. If you attend you will experience a piece of American financial history and possibly have your coffee disturbed by a famous hotel ghost.

 

Key Takeaways:

[3:47] Jason’s mother’s assessment of the book “The Creature From Jekyll Island” and the history of the Federal Reserve. 

[12:27] The ghosts of the Jekyll Island hotel do more than drink the guests coffee, they pick pockets too.

[18:28] Past podcasts guests, Chris Martenson and Bill Bonner agree, the Federal Reserve system is convoluted.

[22:38] We all easily pay 60% or more of our income to some sort of tax.

[32:36] Listeners must see the 99 Homes, The Big Short and Life and Debt documentaries.

[34:11] The government can tax people through taxes or inflation, which is the hidden tax.

[40:06] When you invest in income property you align yourself with the Federal Reserve.

 

Mentions:

Jason Hartman

Venture Alliance Mastermind

Direct download: CW_653_Jason.mp3
Category:general -- posted at: 9:02pm EST

As a former Senior Financial Analyst with the Federal Reserve of Dallas, Danielle DiMartino Booth researched and gained insight into US economic policy from behind the curtain of the central banking system . This allows her to forecast upcoming economic events such as inflationary periods and major shifts in the monetary system. She has a gift of translating high-level fiscal discussions into layman’s terms for large organizations.

 

Key Takeaways:

Jason’s Editorial:

[3:27] Everything is connected to the internet and has an app to monitor it. 

[6:11] A summation of the movie, 99 Homes.

[11:22] Listen to past and upcoming podcasts to shed a light on what we discuss at our Venture Alliance trips.

 

Danielle DiMartino Booth Guest Interview:

[17:36] Who is Richard Fisher and why did Danielle follow him in and follow him out?

[20:57] We should be servicing all debt in all forms, public and private.

[25:45] The gravest sin of the central banking system is taking the incentive away from education reform. 

[29:11] We are in a currency war and wars are not fought without a budget. Does this mean inflation is imminent? 

[33:34] When there are major shifts in the economy you should re-tool your workforce but Congress just extended unemployment benefits.

[37:43] Public pensions will be staring down the barrel of steep challenges.

[38:59] 9,000 businesses left California for Texas because Texas is a business friendly state.

[40:47] Contact Danielle and read her newsletters

 

Mentions:

Jason Hartman

99 Homes

Property Tracker

Property Evaluator

Venture Alliance Mastermind

Danielle DiMartino Booth and Money Strong

@DiMartinoBooth

Direct download: CW_652_Danielle_DiMartino_Booth.mp3
Category:general -- posted at: 3:12pm EST

As always, our purpose at The Creating Wealth Show is here to provide the cutting-edge information necessary to “create wealth” in today’s economy. 

Many of our listeners are interested in learning more about profiting from various business opportunities, we are now adding this “track” to our list of sought after real estate and financial experts.  Here to help us launch this new track is Dan Sullivan, co-founder of The Strategic Coach®.  As an international organization offering practical thinking tools and support, Dan Sullivan has structured his company to help individuals create the personal and professional future they want.

Dan’s strong belief in the power of the entrepreneur is evident in all areas of Strategic Coach which works to help entrepreneurs reach their full potential in both their business and personal lives. He is author of over 30 publications, including The Great Crossover, The 21st Century Agent, Creative Destruction, and How The Best Get Better®.

Direct download: CW_651_FBF.mp3
Category:general -- posted at: 5:04pm EST

For decades John Tesh has been entertaining people in all walks of life. He has excelled in live performances, sports announcing, news programs and now in radio on his Intelligence for Your Life TV show, where he shares the mic with his wife Connie Sellecca. He has earned six Grammys, two Emmys and an AP award for his brilliant work. In today’s podcast, John opens up to Jason about his various chosen professions, how he started his new venture and what really lights him up. Find out more about this amazing artist in this 10th episode lifestyle event.

 

Key Takeaways:

[5:20] Jason gets an email from listeners about autonomous vehicles. 

[20:23] John Tesh works in radio but sitting behind a grand piano is what lights him up.

[25:43] Tesh believes his show is a credible source of information in a sea of opinions.

[27:48] Is it wise to pick a lane or should you choose another path?

[32:09] In today’s world, you can reach your market directly through self-syndication.

[35:08] You can use the “against all odds” biographies of others as a blueprint for your life.

[40:23] Connie and John met at the gym. 

[43:19] Apprenticeship is the best education strategy.

 

Mentions:

Jason Hartman

Venture Alliance Mastermind

Property Tracker

Property Evaluator

Intelligence for Your Life On Demand

Direct download: CW_650_John_Tesh.mp3
Category:general -- posted at: 12:35am EST

Jason goes it alone in this very informative and futuristic episode. He breaks down vacancy rates so you know how often you can be without tenants and have a healthy passive income. He alerts us to tools which help us to do the math with our properties. He even has a special discount for his favorite tool, Property Tracker. He then delves into Peter Diamandis’s newsletter about why this is such an amazing time to be alive. You will be amazed to hear the possibilities we humans will have in less than 5 years.

 

Key Takeaways:

[4:26] Healthy vacancy rates

[8:52] Meet the Masters online course

[12:13] Raising rents and 2-year leases

[16:17] “Abundance: The future is better than you think”, new products coming our way

[24:41] We all want cheap, abundant energy

[25:42] Mapping the materials genome

[27:44] When the government misleads us about inflation it is an example of Moore’s Law

[30:59] Explaining hedonic indexing

[33:08] Recyclable carbon fiber composites

 

Mentions:

Jason Hartman

Hartman Education

Property Tracker

Property Evaluator

Diamandis

Abundance the future is better than you think - Peter Diamandis

Longevity & Bio-Hacking Podcast

Voxer

Direct download: CW_649_Jason.mp3
Category:general -- posted at: 8:24pm EST

Jason talks with Les Leopold on his new book: “How to Make a Million Dollars an Hour: Why Financial Elites get away with siphoning off America’s Wealth.” In the interview, Les details just how hedge funds are making unthinkable amounts of money.

Les Leopold co-founded and currently directs two nonprofit organizations, the Labor Institute of New York and the Public Health Institute. He designs research and educational programs on occupational safety and health, the environment and economics. He also serves as a strategic consultant to the Blue-Green Alliance which brings together trade unions and environmental organizations. One of Leopold’s projects related to his environmental line of work was instrumental in forming an alliance between the United Steel Workers Union and the Sierra Club, two giants in their respective spheres of influence. He is a proud graduate of Oberlin College and Princeton University’s Woodrow Wilson School of Public and International Affairs (MPA 1975).

Leopold also authored several other books about “The Man Who Hated Work and Loved Labor: The Life and Times of Tony Mazzocchi,” (Chelsea Green Publishing, 2006.) If you’d like to read more by Les, you can take a look at his articles published by AlterNet at http://www.alternet.org/authors/les-leopold-0

Check out this episode

Direct download: CW_648_FBF.mp3
Category:general -- posted at: 5:14pm EST

Jason answers questions from his highly-intelligent listener base. Clients inquire about interest rates, the 5-year outlook of rental income real estate and using self-directed IRA money to invest in income properties. Jason shares his strategies and tools on how he formulates his predictions on the multi-dimensional asset class of real estate income property, why he doesn’t like using cap rates for residential property evaluations and accessing the Property Tracker software to project future values.

 

Key Takeaways:

[2:00] Income property is the most historically proven asset class

[5:45] Listener questions from the Salt Lake City JHU event

[8:04] Predicting interest rates

[9:38] Advantages to the suburban market in a linear market

[12:22] Stress testing your portfolio

[15:44] 3 dimensions of real estate - Values and rental incomes are counter-cyclical

[16:53] Why is income property real estate investing so attractive?

[19:15] Cap rates are not useful metrics for residential income property evaluations

[22:13] Using Self-Directed IRA money for an investment

[24:52] Property Tracking Software to see your properties 10-year projection

[27:35] The next Venture Alliance Mastermind will be on Jekyll Island in Georgia

 

Mentions:

Jason Hartman

Voxer

Grant’s Interest Rate Observer

The Creature from Jekyll Island

Venture Alliance Mastermind

Direct download: CW_647.mp3
Category:general -- posted at: 1:11pm EST

If you are using microeconomics to plan for your future you may be ready to sell your assets and buy a “Preppers guide to self-sustainability”. But, if you take a step back and look at the bigger picture of macroeconomics you will see that it’s an amazing time to be alive. Jason’s guest Jawad Mian says “the key is to watch the disruption”. Manufacturing may be at an all time low but the services provided by Silicon Valley and the tech industry will offset any economic loss with growth, just in different terms. The market always corrects itself just differently than people perceive it to. The future is brighter than you might think.

 

Key Takeaways:

Jason’s Editorial:

[2:02] Jawad is a super interesting guy who spoke to us in Dubai

[4:20] John Naisbitt got me interested in macro trends in the economy

[6:34] Meet the Masters home study course in audio and video from Hartman Education online

[9:09] The Venture Alliance Mastermind is a high-level mastermind for real estate investors

 

Jawad S. Mian Guest Interview:

[11:21] The Chinese economy is crashing and the Fed will hike the rate at the wrong time

[15:24] The real growth in consumer spending is over 3% and stocks should have a positive year

[19:12] A perfect storm in Dubai, but it doesn’t feel like it’s in the midst of a crisis

[23:12] An example of the rental market in Dubai

[26:50] When central banks accumulate debt the debt becomes a write-off

[31:05] What about technology and unemployment?

[33:25] Contact Jawad or John Mauldin

 

Mentions:

Jason Hartman

Hartman Education

Stray Reflections

Code Red Book

Megatrends Book

Mauldin Economics

Voxer

Direct download: CW_646.mp3
Category:general -- posted at: 8:34pm EST

Jason Hartman is joined on this episode by Greg Farrell, author of Crash of the Titans: Greed, Hubris, The Fall of Merrill Lynch, and the Near Collapse of Bank of America, for a discussion of the economic crash and the resulting bailouts, as well as some of the inside dealings with some of the major banks, such as the buyouts by Bank of America.

Greg explains how these banks that participated in the buyouts grossly underestimated the depth of problems in their own banks and in those they acquired. Greg relates his research on Merrill Lynch’s attempt in the 1980s to become more like Goldman Sachs and other Wall Street banks, which was to their detriment because they lacked the expertise for such business practices, and became involved in and in the middle of many of the scandals of the late ‘80s and early ‘90s. Like CitiGroup, they were in over their head.

Jason and Greg discuss Wall Street in general and then specific financial groups regarding the recklessness and risky businesses, funds, etc, that they entertained to give the impression of higher rates of returns. As the plot unfolded, large bonuses to CEOs and high-producing brokers came into play, which encouraged an all or nothing attitude toward the company and fostered a “me” attitude versus long-term stability of the company. Greg also talks about what he calls the “Charlotte Mafia,” the clash of company cultures.

Greg Farrell is a correspondent for the Financial Times. In January 2009, he broke the news that Merrill Lynch had paid out its 2008 bonuses a month ahead of schedule, in December, even though Merrill was in the process of losing $28 billion for the year, and Bank of America needed an extra $20 billion in taxpayer funds to complete its acquisition of the firm. That story sparked an investigation by New York attorney general Andrew Cuomo.

Greg is a past winner of the American Business Press’s Jesse Neal Award for investigative reporting and a recipient of the Knight-Bagehot Fellowship for business journalism. He earned a BA from Harvard University and an MBA from the Graduate School of Business at Columbia University.

Episode: CW 257: Crash of the Titans: Greed, Hubris and The Fall of Merrill Lynch and the Near Collapse of Bank of America with Author Greg Farrell

 

Direct download: CW_645_FBF.mp3
Category:general -- posted at: 6:24pm EST

Average Americans are speaking up and they want a hard ass in the White House. They are tired of the trouble making, intolerant progressive democrats who know nothing of economics. They may be in search of a man similar to Ronald Reagan, like Donald Trump. Both former president and possibly future president speak in generalities because it is their job to lead, not to be the experts. Trump will use the American military when it is needed to serve the best interests of the American public. Jason’s guest, Jeffrey Lord says Obama’s presidential leadership is considered weak among international leaders and it is putting America in jeopardy.

 

Key Takeaways:

 

Jason’s Editorial:

[1:13] Is Rand Paul too boring to get elected for President?

[4:52] Bernie is in the pocket of big labor unions

[6:15] Your questions answered - Income property, diversification, how to invest capital gains

[17:47] Venture Alliance, JHU Live in Salt Lake and Meet the Masters

 

Jeffrey Lord Guest Interview:

[20:06] The American left is not very tolerant

[24:42] Ronald Reagan and Trump are different people, but they both make great points

[31:18] CNN offered me a job and they don’t censor me

[33:03] Trump supporters are average Americans

[34:39] Trump talks in generalities and not in specifics

[37:38] Bernie Sanders is not an economist and has no clue about the economy

[39:59] Are the progressive democrats the bad guys?

[45:54] It’s probable Trump will be the republican nominee even after the loss in Iowa

[50:08] Trump would put businessmen in government positions, no more dynasties

[52:35] Re-orienting foreign policy towards national interests

[55:48] Displaying superior military strength works

[57:09] How to find Jeffrey Lord’s book

 

Mentions:

Jason Hartman

Venture Alliance Mastermind

What America Needs: The Case for Trump

The American Spectator

CNN

Deadly Gambits

Direct download: CW_644_Jeffrey_Lord.mp3
Category:general -- posted at: 7:10pm EST