Mon, 29 April 2019
1182: China, Looming Asset Shortage & Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar by Jorge Newbery
Jason Hartman brings you this episode from China with Venture Alliance Member Carmen. Jason describes how his visit to China is influencing his previously held thoughts about the country and how the looming asset shortage is a beautiful things for real estate investors.
Then Jason 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.
[4:23] Jason got to visit the railroad station that was built to link North and South Korea in the future
[7:54] 5 star in the US has nothing on 5 star in Asia
[11:26] How Jason's visit to China has changed his views on the China economy
[13:39] The looming asset shortage, and why it's good for real estate investors
Jorge Newbery Interview:
[18:57] Debt may seem simple, but it's a lot more nuanced that you'd first believe
[20:42] If you can't afford your debts, the best thing you can do is to stop paying them
[23:54] How Jorge got started paying off his $26 million debt
[26:31] What kind of errors you should be looking for from your lendors
[32:21] The elite have often used debt as a way to enslave the lower classes