Creating Wealth Real Estate Investing with Jason Hartman (podcast)

Jason welcomes Venture Alliance Mastermind member Darlene Root back to the show. Darlene has become a broker for people who want to be a hand’s off or passive income investor. She describes the creative financing option known as the secondary, wrapped mortgage (it’s like a wonton with a high-interest rate). Jason isn’t convinced that this type of complex, lot’s of involved parties mortgage is a match for his valued clients.

Key Takeaways:

[02:39] Darlene describes a Sexy Secure Second Wrap Mortgage.

[12:02] Income property investors are able to offer a wrap mortgage.

[14:31] Why Jason doesn't think second mortgages are sexy or smart.

[18:55] How this option differs from a normal wrap mortgage.

[24:07] The complexities involved with these types of deals make them more trouble than they are worth.

[28:33] Financial friends are friends with benefits plus, you can trust them.  

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Contact Darlene at droot21@comcast.net


n this 10th episode show, Jason goes off topic but not far off topic as he welcomes Melissa Francis of FOX News and FOX Business to the podcast. Jason & Melissa discuss the disempowerment of the American people through handouts, how the Democrats are now the wealthiest people in government and Melissa’s new book, Lessons from the Prairie: The Surprising Secrets to Happiness, Success and Sometimes Just Survival I Learned on America’s Favorite Show.

 

Jason is wrapping up the Apple Airpod contest this week. If you would still like to send in your question to be included in the drawing visit JasonHartman.com/contest.

Key Takeaways:

[02:35] Lower your tax burden and your cost of living.

[05:30] The Apple Airpod contest will end after this week so submit your questions now.

[07:26] Jesse wants to know what Jason thinks about mobile homes as rentals?

[16:49] Unlike the US, Luxembourg has a National Housing Market.

 

Melissa Francis Guest Interview:

 

[21:30] Melissa was an actress until she turned 18 when she went to study Economics at Harvard.

[30:32] Hand-outs disempower the people you are giving them to.

[33:34] Is government the answer or is the government the problem?

Mentioned in This Episode:

Jason Hartman

Apple Airpod Contest

Venture Alliance Mastermind

Deals on Wheels by Lonnie Scruggs

Be Your Bank

The Wealth of Nations by Adam Smith

Melissa Francis Official

@MelissaAFrancis on Twitter

Lessons from the Prairie: The Surprising Secrets to Happiness, Success & (Just Survival) I Learned on America’s Favorite Show

Fox News HQ


Jason Hartman guides you through his process for how to read a property Pro Forma.

Key Takeaways:

(0:50) Jason introduces Episode #405
(4:07) Jason plays a video on how to read a property pro forma
(16:56) Jason discusses the extremely important financial indicators section
(24:57) Find out more at www.jasonhartman.com!

Links:

www.jasonhartman.com


Captain Gary Pinkerton joins Jason to share his story of how investing in income property gave him financial freedom and he describes how he used a life insurance policy to fund his investments. Later in the show, Jason and Gary answer listener questions about self-management, markets and taxes received as part of the Apple Airpod contest. Submit your comments and questions now to be entered in the contest which runs through next week.

Key Takeaways:

[01:59] A few things you probably didn't know about submarines.

[05:09] Gary shares the most important lessons he has learned about income property investing.

[08:50] Leveraging prudent debt and getting credit for the appreciation is a 20% ROI.

[12:47] Gary wanted to go to work and make money on his own terms.

[16:51] Increase the efficiency of your properties by funding them in a different way.

[23:26] Looking at the benefits of using a life insurance policy to fund your investments.

[29:00] Self-managing income properties may give your tenants a better experience so they inhabit your property longer.

[32:23] Juan wants to know how to find the best property management company and how to set up his tax structure.

Mentioned in This Episode:

Jason Hartman

Airpod Contest

Property Tracker

Be Your Bank


Jason and Keri start things off by answering a client’s question submitted as part of the Airpod contest and then warn against working with companies who do not require inspections and only deal in cash. During the guest interview, Jason asks James Ledbetter about his books One Nation Under Gold and The Great Depression: A Diary. James Ledbetter is the Founding Editor of Slate's financial site, Big Money, Editor of Inc. Magazine and a contributor to Reuters and Time.

Key Takeaways:

[03:29] Captain Gary Pinkerton asks how to know if the person you are doing business with has bad intentions.

[06:37] Red flags to watch out for when making cash deals and dealing with new providers.

[14:46] It's common for lower-end properties to sell for cash.

[16:04] Gary shares a kind word about working with Jason.

[18:28] Hawaii could be the location of the next Creating Wealth Seminar.

 

James Ledbetter Guest Interview:

 

[20:27] One Nation Under Gold tells of America's obsession with gold.

[22:10] The Bretton Wood system fixed the value of the dollar to gold.

[24:01] Operation 'Goldfinger' was the Johnson administration's attempt at finding more gold.

[29:57] Why do people believe in using gold as a measuring stick?

[34:16] Learning from the past, The Great Depression: A Diary depicts how people made it through the financial disaster.

[36:24] The 500 fastest growing companies will be featured in Inc.'s September issue.

Mentioned in This Episode:

Jason Hartman

Airpod Contest Entry

Venture Alliance Mastermind

One Nation Under Gold

Inc. Magazine


In this particular episode of Creating Wealth, Jason Hartman is his own guest as he remedies an issue from an earlier episode of the show. Available here is a chance to hear his take on the Eight Financial Rules That Apply to Everyone and Their Money, as listed by Business Insider, and a few of his own Commandments. In the second half of the show, Jason finds out about the changing demographics of the United States and questions the consequences on real estate investing, as well as putting some figures and statistics to the eternal question, ‘Can money make you happy?’


On today’s podcast, Jason answers the question “how much money should new investors have for a down payment and in reserve when investing in a property” and he uses a popular joke as a metaphor to explain the relativity of the real estate market. He explains why human psychology always lags the reals estate market, why raising the minimum wage will only end up hurting the poor and he encourages listeners to leave their questions and comments for a chance to win a pair of Apple Airpods.

Key Takeaways:

[04:50] 'Compared to what?' is the question to ask when looking for an opportunity for your money.

[06:57] The concepts of comparison, scarcity and price discovery.

[10:33] Jason makes the article, Marathon Runner Escapes 2 Bears a metaphor about investments.

[16:08] The minimum wage argument doesn't make any sense when you consider inflation.

[21:51] What is the minimum down payment and reserve fund amount for a new investor?

[24:41] A listener question about what to do with his down payment when no are so few properties are available to purchase.

[32:56] Jason's thoughts on a mobile home park as an asset class.

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Marathon Runner Escapes 2 Bears by Rob Quinn


In between activities during the Oklahoma City JHU Live event is a great time to record a podcast with new income property investors. David & Gina Nelson share their story of the life-changing decisions that led to investing in real estate with Jason. David & Gina recognized staying in their corporate positions and only investing in the stock market wouldn’t get them where they wanted to be in life.

 

They convey their appreciation for the transparency and support they have received from the Jason Hartman Investment Counselors and share their advice on how you too can have the diversified financial future you deserve.

Key Takeaways:

[01:40] David & Gina wanted to take control of their lives and build their wealth by investing in income properties.

[06:15] You are never too old or too young to start investing in your future and real estate.

[09:20] The portfolio builder game is a great way to find out what type of investor you are.

[12:03] The Nelson's plan to retire next year and use income property as their wealth vehicle.

[16:59] The value in understanding the linear, hybrid and cyclical markets.

[20:43] David & Gina recommend finding a mentor and listening to podcasts to educate yourself.

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind


Jason talks with Sara about the Meet the Masters weekend event. Next, Jason interviews Ken Wilson.

Ken Wilson is President of the Appraisal Institute. He joins the show to discuss what the Appraisal Institute has done to help appraisers analyze market trends and value. The topic then shifts to real estate, where Wilson explain different market types and how one can analyze market cycles.


Part 2 of Jason’s interview with Richard Duncan includes information about the what Richard believes will happen if the government doesn’t continue to intervene in keeping the global bubble afloat, how the government can get back to the black and why we are at a unique time in economic history.  

 

Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund.

Key Takeaways:

[03:24] Jason shares his opinion of Tesla Motors.

[06:04] The Wall Street Journal Podcast featured an article about the self-driving car revolution.

[09:13] Cars as a Service (CaaS) will drive down the cost of transportation.

[18:38] Future episodes of the Creating Wealth Show will focus on asset inflation, self-liquidating debt and money supply versus credit supply.

[24:04] The explosion in credit since the 2008 recession.

 

Richard Duncan Guest Interview:

 

[27:45] Once the US moved from a gold backed monetary system to paper money system the rules changed.

[37:20] Who's benefited most from a globally-based economy?

[40:01] The global bubble is inflated by government policy.

[43:00] The combination of printing money and globalization makes this a unique time in history.

[48:18] How Richard Duncan believes the US can pull itself out of debt.

Mentioned in This Episode:

Jason Hartman

Property Tracker - Updated

Real Estate Tools


This week’s episode is an enlightening economic conversation you don’t want to miss. Jason welcomes Richard Duncan back to the show for the first of a two-part conversation about what is driving the economy and which mistakes could catapult the US into a recession.

 

Richard Duncan is Chief Economist at Black Horse Asset Management, the author of The New Depression: The Breakdown of the Paper Money Economy and The Dollar Crisis: Causes, Consequences, Cures. His Macro Watch video series can help individuals to clearly understand how the financial system really works. Mr. Duncan previously held the position of economist for the World Bank and the International Monetary Fund.

Key Takeaways:

[02:18] Trump may have personality limitations but he will be good for the US real estate market.

[06:44] Don't be part of the disappearing middle class align your interests with governments and central banks.

[12:31] Last chance to sign up for the Oklahoma City Property Tour and JHU Live event!

 

Richard Duncan Guest Interview Part 1:

 

[15:56] Richard Duncan has a unique, insider's view of world economics and FIAT money.

[20:31] In the US, when credit grows less than 2% the US goes into recession.

[25:42] Creditism is the new Capitalism.

[28:02] Looking back at the policies which saved the world economy in 2008.

[34:00] It's a very sensitive moment in the economy as the Fed is considering reversing quantitative easing.

[37:52] Globalization has changed the way the economic game is played.

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

Richard Duncan Economics

Richard Duncan’s Macro Watch Video Blog - Use codeword ‘global’ for 50% off

The New Depression: The Breakdown of the Paper Money Economy


Originally aired on CW 320.

Jason Hartman interviews Dr. Bob Wright, co-author of Transformed! The Science of Spectacular Living and Beyond Time Management: Business with a Purpose, to talk about the science and positive results in personal transformation and finding purpose. Dr. Wright discusses identifying inner yearnings, becoming more engaged, and becoming more aware of our programming (limitations) and changing them. He explains the difference between learning and growing and how to transform our lives by rebuilding neuro pathways in the brain. He also defines the three types of happiness – hedonic, engaged and meaningful – and how to create an intimate relationship with our fears in order to transform. Dr. Wright then talks with Jason about finding deeper purpose in business, creating a more meaningful, more fulfilling experience.Dr. Robert Wright is a highly successful entrepreneur, world-class executive coach, and dynamic corporate consultant.


In this solo episode, Jason recaps the extraordinary Venture Alliance Mastermind in Chicago this past weekend and he continues to advocate for the buy and hold, long-term investment strategy of income property. It is truly the most historically-proven asset class in the world. Jason also shares pertinent real estate articles demonstrating the absolute folly of the over-priced, luxury home market and an article about the hourly wage your renters must make to afford a two bedroom home in various states in the US.  

Key Takeaways:

[01:12] Venture Alliance Mastermind wrap-up.

[04:03] $51M  Foreclosure Signals Bad News for Luxury Market.

[09:16] The opportunity cost of letting your money sleep.

[18:51] Linear, cash-flow market real estate investors should avoid trying to time the market.

[21:43] The concept of sunk cost bias influences us to stay in a bad deal.

[27:39] Refi-till-you-die leverages your property so you can take advantage of inflation induced debt destruction.

[29:59] Pet rent should be charged to tenants with pets.

[35:16] Make ready costs can be reduced long-term by using quality paints and surfaces.

[36:12] What hourly wage do you need to make to rent a two bedroom home in states around the US?

Mentioned in This Episode:

Jason Hartman

Venture Alliance Mastermind

$51M Foreclosure Signals Bad News in Luxury Market by Gina Carey

Property Tracker

Real Estate Tools


Investment Counselor and Local Market Specialist Liaison, Carrie joins Jason to see if he can correctly predict the effect the rise in interest rates will have on the US economy. Jason reminds us the Feds don’t directly impact mortgage rates but by directly impacting short-term rates all rates will be affected. For those of you who have income properties, the higher interest rates will put upward pressure on rents. And if you are looking for additional properties, be sure to get pre-approved for financing before the Oklahoma Property Tour and JHU Live event.

Key Takeaways:

[03:52] Oklahoma City has a lot of inventory available and you can see it on the upcoming property tour.

[09:13] What does the spike in interest rates mean for investors?

[15:27] Higher interest rates will put upward pressure on rents and lessen the concentration of wealth.

[19:37] Local Market Specialists and Investment Counselors are always working in the client's best interest.

[29:01] It's important to get pre-approved for financing in today's seller’s market.

[30:30] Jason hints about the location for the next Venture Alliance Mastermind.  

Mentioned in This Episode:

Jason Hartman

Grant’s Interest Rate Observer

Venture Alliance Mastermind


Jason and guest, Bob Filner take part in a jovial tete-a-tete about the Trump Administration, how  the remiss government regulators are towards financial institutions and the reinvention of the democratic party. As the former House Committee Chairman on Veteran’s Affairs, Bob Filner tackled Jamie Dimon and JP Morgan by threatening to press charges for their unethical treatment of military personnel by foreclosing on their mortgage loans. Mr. Filner was also the Mayor of San Diego and this interview comes on the heels of the release of his new book, Trumping Trump: Making Democrats Progressive Again.

Key Takeaways:

[03:18] Retargeting keeps people in a perpetual state of stale.

[14:44] The Venture Alliance Mastermind and the Oklahoma JHU Live and Property Tour will include the micro and macro benefits to income property investing.

 

Bob Filner Interview:

 

[17:51] Bob Filner shares the purpose behind his book, Trumping Trump.

[20:19] Will the Tobin tax discourage trading and betting on non-asset based investments?

[23:13] Bob would like to rebrand the democratic party as the party of the working people.

[25:11] Bob threatened Jamie Dimon and JPMorgan for foreclosing on military personnel's home while they were serving in active duty.

[31:13] It is pathetic how easily you can buy justice.

[32:05] Does the financial system need less or more regulation?

[42:14] The problem with the Trump administration as Bob Filner sees it.

[47:20] Trump's policies could have a devastating affect on the US economy.

[49:16] What benefits the American worker more jobs and higher pay or low cost imported goods?  

Mentioned in This Episode:

Renter’s Warehouse - Get 3 free months of property management with this link.

Jason Hartman

Women’s Investing Network Podcast

Trumping Trump: Making Democrats Progressive Again by Bob Filner

REPREF51@gmail.com

Venture Alliance Mastermind


Land contracts are something that a lot of investors have heard of, but maybe don’t fully understand. Jason Hartman invites Meet the Masters speaker, Justin, to join him on the Creating Wealth Show to discuss what land contracts are, how they differ from traditional landlord operating processes and even goes in to what to do if it all goes wrong. He’ll be speaking more in-depth at the Meet the Masters event in January, but here’s a taste of what you can expect.

 

 

Key Takeaways

06.10 – Justin provides his personal experience and how he started to get involved with land contracts. 

09.50 – Land contracts are there to help out those who can’t buy through conventional financing processes.

14.25 – Because of the distinction between owner and deed holder, tenants with land contracts usually have a different mindset which is far more preferable for landlords.

18.25 – Negotiations are currently happening in an attempt to get around an 85% discount on land contracts. 

22.05 – There’s always a risk. Here it is: ‘What if the person doesn’t pay?’

27.18 – If getting into this side of investment, it’s vital to know your legal rights and know how to work with the attorneys. 

34.26 – Don’t get lulled into a sense of security of thinking it’s risk-free, but there are certain options with fewer risks and more chance of success. 

37.00 – Know your land contract buyer and their background before agreeing anything. 

 

38.58 – If you haven’t yet registered for Meet the Masters, time and capacity limits are now running short so be sure to take advantage of a great opportunity and register at www.JasonHartman.com

Direct download: CW_454.mp3
Category:Podcast -- posted at: 10:47pm EDT

To introduce today’s Creating Wealth Show, Jason Hartman invites Darlene to give a taste of her and her husband’s Roth IRA strategies, of which she will discuss more when she joins the speaker list at January’s Meet the Masters event. She also talks about the positive impact that various masterminding events have had on her personal and professional development.

 

Later, Mark, a client and follower of the podcast joins Jason to talk about a wide-ranging series of topics. Living in Switzerland, Mark provides an international look at some changes in the world’s real estate markets, but they also consider deflation and inflation issues as well as how the mainstream media is largely in bed with the government, regardless of which country you’re talking about. 

Direct download: CW_452.mp3
Category:Podcast -- posted at: 9:58pm EDT

Jason Hartman introduces today’s Creating Wealth Show with a discussion about the benefits of being able to travel comfortably, the importance of getting what you want from a conference or event and he poses the huge question: Are we gearing up for another housing crash?

 

With a very clear focus on Wall Street for today’s interview, Jason Hartman invites Mark Faulk, writer and co-producer of The Wall Street Conspiracy to talk about the state of America today, Goldman Sachs’ growing and frankly, scary, influence and the future implications of a police force as militarized as the US’s currently is. 

 

Key Takeaways

03.16 – Earning enough money to travel well and comfortably is as good a priority as any.

06.47 – With speakers confirming and plans taking form, the upcoming Meet the Masters looks to be the best yet.

08.27 – Jason Hartman asks one of the most important questions for real estate investors. 

16.32 – If you’re interested in the future of technology, keep an eye out for an upcoming podcast on the future and impact of these new technologies being developed.

21.18 – The conspiracy starts just with the pretence of being stunned at the 2008 collapse.

26.55 – The plot thickens when companies such as Goldman Sachs get involved internationally.

31.18 – The Wall Street Conspiracy (film) addresses the ways in which this betting tradition is changing.

34.52 – Contacts, connections and corruption mean that this sort of thing goes on worldwide.

38.40 – Public opinion is important here. The demand of the people will create the change. 

43.53 – If the police departments and the Government are preparing themselves, we have to be realistic about what could occur. 

47.19 – For more information about the film, head to www.TheWallStreetConspiracy.com 

 

Mentioned in this episode

The Wall Street Conspiracy a film by Mark Faulk

The Second Machine Age by Erik Brynjolfsson and Andrew McAfee

The Naked Truth by Mark Faulk

Direct download: CW_451_Mark_Faulk.mp3
Category:Podcast -- posted at: 12:56pm EDT

For the introduction of today’s Creating Wealth Show, Jason Hartman brings on investment counselor, Sarah, to discuss the impact of masterminding events, tactically managing who you surround yourself with and how the real estate investment marketing is maturing.

 

Today’s guest is Jane Sotkin of Property Place, who provides her wisdom and insight into the tricky topic of emotions. She brings up the interesting idea that emotions are habits formed in childhood, but which if not kept in check, can seriously affect the way your brain works as an adult. 

 

 

Key Takeaways

01.25 – The attitude you display has such a vital impact on your success, it’s incredible.

04.46 – The real estate industry is changing, and with every new technology, it matures faster.

13.46 – Supercharge your investing strategies by surrounding yourself with other successful investors who can push you to work even harder.

19.23 – Joan Sotkin describes how her background led her to her current field of work.

23.17 – Such fundamental things as birth-order and number of siblings can have a huge impact on your psychology as an adult.

28.00 – It doesn’t matter how you process these emotions, but it is vital that you find a way that works for you.

35.40 – We think our lives are set in stone but they’re not. They’re always flexible and changeable. 

40.59 – A big part of success is about sticking to what you believe and paying little attention to how others judge you.

42.55 – Find out more about Joan Sotkin and get access to some great resources at www.PropertyPlace.com

 

 

Mentioned in this episode

Build Your Money Muscles by Joan Sotkin

 

www.PropertyPlace.com

Direct download: CW_450_Joan_Sotkin_Prosperty_Place.mp3
Category:Podcast -- posted at: 3:09pm EDT

Jason Hartman brings in a real estate focus to the introduction of today’s Creating Wealth Show by explaining exactly how you can work out your rent-to-value ratio. As this is one of the most important figures a real estate investor need to keep in mind, there’s no excuse for deceiving yourself.

 

Later, he 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.

 

Key Takeaways

03.14 – In some markets, you can’t control the rent-to-value ratio, but you really want to aim for 1% per month or above.

10.35 – Seemingly, the bigger you get, the more you can get away with.

14.18 – Tim Carney provides some examples where regulation seems to have an alternate outcome to what was hoped.

18.12 – A look at the options of how we can possibly dislodge the power of big business and government. 

19.19 – Politics and the economy are starting to work together because fewer people are now gaining from a specific policy.

21.50 – Government agencies don’t even have to worry about subtlety; if they want you they’ll do what they can to get you.

23.34 – Why is it that they can spy on us and we get no information about Government actions, even when they affect us?

25.15 - Big business benefits from and lobbies for big Government to the detriment of the consumer, the competitor and the tax payer. 

27.44 – Technology could be our undoing or it could be our liberation. We’ll have to wait and see.

30.02 – 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

www.AEI.org

 

www.WashingtonExaminer.com

Direct download: CW_449_Tim_Carney.mp3
Category:Podcast -- posted at: 9:06pm EDT

Inspired by an article from Business Insider, Jason Hartman invites Dan Egan of Betterment onto the show to expand upon the idea of market timing. While much of the focus is on Wall Street and how market timing works in the stock market, a lot of these ideas can be applied to real estate investing. They also discuss topics such as long- and short-term capital gain, high-frequency trading and how happy we are with our own achievements in absolute terms. 

 

 

Key Takeaways

01.17 – Is successful market timing just an unachievable myth?

05.04 – Market trends can come in any form – currently we’re seeing a shift to the South by retiring baby boomers searching for warmer climes.

08.54 – We think about the social and political issues in China, but what about the real estate conditions?

17.15 – Stock trading investments are all about assessing long and short-term achievements. Remember that the government views capital gain in terms of short or long-term. 

17.58 – Dan Egan describes the ‘bid ask spread’, an economic term for the costs you never see a bill for.

21.20 – High-frequency trading might not be everything it’s cracked up to be. You have to compare the situations of the big traders with average Joe’s actions.

27.00 – Personal satisfaction is hugely important, but it’s always competing with our comparisons to the people around us.

29.15 – For more information about Dan Egan and his company, head to www.Betterment.com

 

 

Mentioned in this episode

www.Betterment.com

Flash Boys by Michael Lewis

Direct download: CW_448_Dan_Egan_Market_Timing.mp3
Category:Podcast -- posted at: 8:45pm EDT

In today’s Creating Wealth Show, Jason Hartman invites Jerry Robinson, author of Bankruptcy in Our Nation, to the show to share his views about what bankruptcy would look like. They discuss a variety of topics and consider frankly just how bleak America’s future could look. Robinson also gives his opinion on the impact of America’s international relations, as well as posing the interesting notion that we can see the path of America’s future by looking at the past of the rest of the world.

 

Key Takeaways

03.50 – Negotiating certain aspects of the deal with your property manager is always worth a try.

10.00 – Jason reads through some of the latest listener reviews from iTunes. Is yours there?

22.40 – Jerry Robinson’s Bankruptcy of Our Nation deals with facets of the economic crisis such as what happened, why it happened and what we thought would happen.

25.00 – In a number of ways, the 2014 picture we draw now looks very similar to the state of the world in 1914.

33.47 – No-one does anything for nothing. A closer look at the incentives can provide a lot of insight.

38.00 – The psychological impact of the economy is already taking an effect. People now expect prices and values to go up, and are surprised if they don’t.

46.06 – Maybe we need to reassess our definition of evil to better match today’s global situation.

50.15 – If the relationship between the US and Saudi Arabia changes, it could change the entire balance of power in the Middle East.

52.04 – Exports are always going to be vital, and we need to consider the impact if the US becomes energy-independent.

1.00.34 – International threats, and especially those involving cyber-attacks, must be taken seriously. Even if you’re living in a city, know the precautions you can take.

01.04.00 – Find out about Jerry Robinson’s Five Levels of Financial Freedom at www.FTMDaily.com/fivelevels

01.10.08 – With mortgage debt, as an investor you don’t even need to pay this off yourself – your tenants pay it off for you.

 

Mentioned in this episode

www.zillow.com

 

Bankruptcy of our Nation by Jerry Robinson

Direct download: CW_447_Jerry_Robinson_Bankruptcy_Of_Our_Nation.mp3
Category:Podcast -- posted at: 9:25pm EDT

Jason Hartman’s introduction for today’s Creating Wealth Show focuses around the notion of being an empowered investor. This is the main theme for the 2015 Meet the Masters Event, but is also a vital concept to keep in mind for all of your investment strategies.

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. 

 

Key Takeaways

02.27 – How do you become an empowered investor? Find out here and at the Meet the Masters event.

08.27 – The concept of win-win isn’t enough. At least 3 levels means that everyone’s interests are aligned.

16.42 – Jason Hartman asks his influential Aunt Joan about the beginning of her successful lifetime of real estate investing.

22.17 – Low-priced markets might look like the easy way in, but issues could mean big problems later.

29.36 – The Cyber Monday sale at www.JasonHartman.com is now on, with discounts of up to 40%.

36.39 – The information offered by Aunt Joan is available at www.SacRentals.com

42.40 – 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.

45.45 – With tenant selection being so vital to success, you really need to master this in the early stages.

 

51.02 – One of the reasons that real estate retains such popularity is because it’s such a tangible thing. 

Direct download: CW_446.mp3
Category:Podcast -- posted at: 7:05pm EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

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 EDT

Jason Hartman deals with issues in his introduction such as how to deal with your property manager, what we need to know about monetary policy and considers just how intricate the links between politics and real estate investment really are.

 

In the interview portion of the show, he talks to author Ellen Brown about her books Web of Debt and The Public Bank Solution about public banks worldwide, whether we need a Central Bank and if there can ever be a realistic option for funding which doesn’t include Wall Street.

 

Key Takeaways

 

02.58 – We have to really understand monetary policy because it always has a direct impact on real estate investors and their tenants

05.00 – Politics and real estate are so interlinked you just can’t have one without the other.

10.51 – You need to ensure you retain the control position with your property manager.

18.08 – The US only has one state-owned bank, compared with 40% of publicly owned banks worldwide.

22.28 – The public banks have always done better when they’re in the small community-style markets that they know. As soon as they branch out, the problems arise.

27.50 – The main difference between a credit union and a public bank is the size of the depositor. Credit unions are great for individual depositors, where public banks have a city or state as its main depositor.

31.50 – Historically, countries like Australia have shown us when Central Banks do and do not work.

36.35 – Jason Hartman takes the matter and asks “Do we even really need a Central Bank?”

37.35 – Ellen Brown remarks that she would opt for a bottom-up government where each level is selected by people that personally know the individual.

40.04 – People are using money to work their way higher and higher, and now we’re at a point where banks own businesses which they really shouldn’t. They should be in banking.

41.35 – There may be a chance that crowd-funding initiatives can remove Wall Street from the funding equation.

44.45 – For more information about Ellen Brown and her published works, head to www.EllenBrown.com

 

 

Mentioned in this episode

 

Web of Debt by Ellen Brown

The Public Bank Solution by Ellen Brown

www.EllenBrown.com

 

www.PublicBankingInstitute.org

Direct download: CW_435_Ellen_Brown.mp3
Category:Podcast -- posted at: 8:27pm EDT

Host, Jason Hartman, uses today’s Creating Wealth Show to raise some of the issues featured in recent articles in both Forbes magazine and the Orange County Register. Following that, he gives his own opinions on topic areas such as individual organizations’ changing motives and the true key to successful real estate investment, regardless of where in the world you’re looking to invest.

 

Key Takeaways

 

03.30 – Jason Hartman discusses scams occurring in the real estate market and how they’re not just limited to the Wall Street scandals we’ve become accustomed to hearing about.

11.24 – Being a direct investor means avoiding working with idiots, crooks and those who want to benefit from all your profit.

13.37 – According to an article in Forbes, if the US economy had grown just a little more every year, we would be seeing a huge different to the GDP figures.

16.45 – If the growth had changed by 2% per year, we could expect a totally different Forbes 400 with a much broader focus on a range of different industries.

23.32 – When a charitable organization seems to lose sight of its original meaning, questions should be asked.

25.38 – Whenever you end up with the government as your customer or client, be prepared for a forest of paperwork. 

27.08 – Investments in real estate really rely on a good LTI ratio – land to improvement.

 

31.14 – “Successful people make decisions quickly, as soon as all the facts are available, and change them very slowly, if ever. Unsuccessful people, on the other hand, make decisions slowly and change them quickly."

Direct download: CW_434.mp3
Category:Podcast -- posted at: 6:09pm EDT

In his introduction today, Jason Hartman shares his opinions and experiences with the growing trend of psychiatric prescription drugs, as well as reinstating how real estate investors can avoid having to hand over huge portions of their profit to the government. 

 

Later, he invites financial analyst Daniel Amerman on as a return guest to the Creating Wealth Show. Together, they discuss their respective solutions for eliminating debt, they talk about new American laws and regulations and their impact on the global financial market and ultimately, they resolve that sometimes you just have to align yourself with those in power to be successful. 

 

Key Takeaways

02.40 – Jason discusses the dangers of giving prescription psychiatric drugs to both children and adults.

06.22 – How is it that US media almost in its entirety is owned by a select few large corporations?

10.02 – If you end up selling your business or selling stocks, there is a way to avoid giving a huge portion of your profit to the government.

16.10 – Daniel Amerman takes us through the four main ways for getting rid of debt.

24.43 – Jason Hartman then provides his six solutions for the debt problem.

29.50 – Investing in construction components such as lumber, copper wire and glass is a smart move; none of them are tied to any one currency.

32.06 – Daniel’s latest work deals with many of the different facets and scenarios related to successfully creating wealth. 

38.40 – If the government is getting no income on money, we’re going to be earning virtually no interest on our savings and checking accounts.

40.40 – New regulations imposed by the United States’ Internal Revenue Service are having big impacts on financial institutions worldwide. 

45.00 – Surely bitcoin and alternative currencies will be unable to survive because they pose a possible threat to the central banking system

 

47.50 – For more information and resources, head to www.DanielAmerman.com 

Direct download: CW_433_Dan_Amerman_Financial_Repression.mp3
Category:Podcast -- posted at: 10:21pm EDT

Today’s Creating Wealth Show is all about the ins and outs of real estate investing. Jason Hartman discusses what you can do to find your way on the path to wealth and how you can make the most of taxation (really!), before going on to see what a bullet-proof property in Birmingham, Alabama really looks like with their local property expert, ahead of November’s Property Tour. 

 

Key Takeaways

1.45 – The path to wealth lies in diminishing our wants as we simultaneously increase our incomes.

07.05 – With taxation being everyone’s single largest expense, we need to find a way of working that in our favor.

10.05 – Depreciation tax deduction is, without a doubt, great for real estate investors.

14.04 – Income property gives you the benefit of trading assets through your life without paying taxes – legally.

19.43 – Yet another benefit is that travel expenses such as gourmet restaurant dinners and luxury hotel stays can sometimes be tax deductible. Even trips to the Creating Wealth Seminars and Property Tours could be deductible!

23.05 – Be sure to keep subscribing to the Creating Wealth Show to get access to a bunch of new interviews with amazing, upcoming guests.

25.32 – Centre Point, Alabama is known as a great rental market due to its great school system and fantastic renters living locally.

29.03 – Tenants will be selected for initial leases based on how well they fit to specific criteria.

32.25 – As real estate investors, we’re interested in linear markets, but you should still follow the trends of the cyclical markets.

 

33.53 – Head to www.JasonHartman.com for detailed proformas and more property information.

Direct download: CW_432_Birmingham_Video.mp3
Category:Podcast -- posted at: 8:51pm EDT

The impact of technology and the future of development plays a big part in today’s Creating Wealth Show. Jason Hartman talks about America’s growing role in this changing society, and makes particular note of the ever-increasing contributions of Generation Y. 

Later, he invites Consuelo Mack of WealthTrack on to give her thoughts about China’s current state, the importance of a diverse investment portfolio and where technology will lead us in 15 years’ time.

 

Takeaways

 

04.35 – It’s looking more likely that technology will save the world, and that America will be the developer of that technology.

07.50 – If you’ve registered to attend the Creating Wealth Seminar, Today’s Economy Boot Camp and/or the Birmingham Property Tour, be sure to make your flight reservations as early as possible.

10.20 – If the New World Order really is the Old World Order, it means huge implications for America.

14.27 – It is the US consumer that drives the economy – this means a strong, independent economy, regardless of the state of the rest of the world.

17.55 – China’s family policies will be their own downfall because in 10-15 years, there will be a huge demographic hole.

22.17 – Who knows where the latest innovations of 3D printing and the self-driving car could lead us?

26.20 – An investment portfolio needs a good level of diversification and well-managed real estate investment could make all the difference.

31.00 – Alternative investments are looking like an interesting option, but we still need to clarify all the details.

 

32.19 – For archived interviews and more information, head to www.WealthTrack.com

Direct download: CW_431_Consuelo_Mack_Host_of_WealthTrack_on_PBS.mp3
Category:Podcast -- posted at: 8:05pm EDT

In the first part of today’s Creating Wealth Show, Jason Hartman talks about the great interviews that listeners can now access, the importance of market experience and muses on what the Federal Housing Finance Agency is really doing in terms of loans and lending.

 

Later, he invites health and wellbeing expert, Jenny Craig, to talk about her new book, to discuss her business strategy and to talk about what children really learn from their parents’ actions regarding food and exercise.

 

Key Takeaways

 

03.00 – Now that the issue with iTunes has been fixed, do go back and listen to the recently uploaded podcasts because Jason Hartman has been talking to some amazing guests and has some great interviews for you – the great Bill Bonner is just one example!

11.35 – Working with a company like Jason’s really gives you the advantage because they have so much market experience and they understand how the cycles work and have always worked.

21.00 – A lack of clarity regarding loans and the FHFA is just confusing matters for lenders and investors.

27.15 – For listeners interested in food and eating healthily, a new, free app named ‘Fooducate’ is just for you.

30.25 – Children remember what they see, and parents who think they can convince their children to eat healthily while they eat fast food are simply delusional.

33.55 – The initial success of Jenny Craig rested on seeing what the rest of the market was doing and finding a way to distinguish the business from everything else out there.

37.25 – You can’t just have a good idea; you need to have the quality there too, and especially if it’s related to what people are eating.

42.45 – In an organization, every member has to have a different skillset and has to bring something new to the team.

47.10 – Franchising is an area where you have to be willing to put in full commitment to everything you do, and for some people, it’s just not the right path.

53.46 – If you have to deal with a government official who is so strictly adhering to nonsensical rules, they can totally ruin your business.

54.50 – One of the best ways to eat more healthily is to get over the misconception that rich ingredients like butter add flavor. The spicing and seasoning is what gives the flavor. 

 

01.02.00 – Jenny’s latest book, I Believe in Genevieve, can be purchased at independent and nation-wide bookstores, as well as online at www.amazon.com

Direct download: CW_429-Jenny_Craig.mp3
Category:Podcast -- posted at: 10:47pm EDT

Jason talks a little a bit about what's going on in the world today and touches on some subjects like fusion fuel, cool apps, and more. Later in this podcast Jason interviews John Challenger about employment growth and what are some of the hotspots in the United States. John Challenger is an expert in global outplacement and career opportunities. He is the CEO of the Challenger, Gray & Christmas firm. The firm conducts regular surveys and reports about the current state of the economy, like layoffs, employment, and executive compensation. 

 

Key Takeaways:

5:45 – Fusion fuel is much more efficient and safer in today's market. 

8:40 – Every problem we've encountered, we've been able to solve with bonuses! With all the technology that's going on today, it's a great time to be alive. 

10:45 – Jason loves the app called Fooducate. The app will scan the label and give you a grade as to how healthy the food product is and why.

15:30 – High speed trading is illegal and should be considered as insider trading. 

17:00 – Jason Hartman is having a sale on his physical products. Check it out at http://www.jasonhartman.com

19:10 – Trainees who are part of the Little Rock Tour will celebrate a turkey dinner with Jason on Saturday, Nov 22. 

21:40 – What areas of the country has good employment growth? Here's a clue - The Mid West. 

25:00 – Most of the job cuts we're seeing today are from mergers and acquisitions and not from companies generating low revenue. 

29:45 – There are so many jobs that don't need degrees. 

35:00 – The education industry is so overpriced in a world where students can just take their classes online.

37:45 – There's some great robot technology going on. People are currently working on a robot to help minimize doctor mistakes.  

40:10 – We're making far more stuff with much less people. 

 

42:00 – What are some of the hot spots geographically? Illinois, California, New Jersey, Arizona, and more. 

Direct download: CW_428-John_Challenger-Employment_and_global_outplacement_firm.mp3
Category:Podcast -- posted at: 10:29pm EDT

On today’s Creating Wealth Show, Jason Hartman talks about the vital side of investing that is construction cost. As an investor within real estate, it’s so important to know the situation, whether it be adjusting how much you pay contractors to match with the area itself or knowing just how much the replacements to your property would be compared with the actual cost price.

 

Senate Libertarian candidate, Sean Haugh, features as Jason’s guest and together, they discuss the viability of war, the need for America to prove itself as a haven of free trade and prosperity and some of the most important points forming the basis of Haugh’s upcoming campaign.

 

Takeaways

02.00 – Jason Hartman’s personal risk evaluator model relies on construction cost and land cost, and this is a great way to minimize risk when investing in real estate.

06.30 – If you’re building in a higher price area, you’re going to have to pay your contractors more because they have to be able to afford to live in that area.

11.10 -  Three sources of assessing your land value: tax collector or assessor for property taxes, an insurance broker - an insurance company selling you a policy based on the property, and an appraiser. 

17.45 – If you’re interested in looking for the sorts of properties that can offer you regression to replacement opportunities, come along to the Birmingham, Alabama property tour in November.

20.10 – For more information specifically about risk assessment in investing, go to www.JasonHartman.com and type in ‘Hartman risk evaluator’ into the search bar to find podcasts and blog posts.

22.30 – Another recommendation for you is to look for the podcast and YouTube video about how to read a property Proforma. This is a really vital skill you can use to become a better investor.

25.20 – Surely we can’t go to war with anybody unless we have a direct congressional authorization?

31.00 – If we can reinstate America as a country of free trade and prosperity, we can give other countries reasons to work with us, not against us.

39.50 – With everything going on in the world, one of the most important things for us to do is work on empowering women.

47.00 – Being a Senator in the United States isn’t about having all of the answers – it’s about clearing the restrictions for the experts that do have the answers.

51.20 – Find out more about Sean Haugh by heading to www.SeanHaugh.com, Twitter: @EmperorSean or Facebook searching Haugh for Senate. You can also find his YouTube channel by just searching his name.

Direct download: CW_427_Sean_Haugh_Senate_Libertarian.mp3
Category:Podcast -- posted at: 2:51pm EDT

In preparation for the upcoming Property Tour and Creating Wealth Seminar, taking place in Birmingham, Alabama on the 22ndand 23rd November, today’s Creating Wealth Show has Jennifer as its guest. She works as part of the local market specialist team in Birmingham and takes the time to fill us in on the trends she’s noticed in the property market, the influence of the Section 8 program and some general tips on how to make the most of this part of the country for potential investing.

Key Takeaways

01.20 – The next property tour will be taking place the weekend before Thanksgiving in November in Birmingham, Alabama.

05.40 – Bulletproofing a property is all about removing anything with mechanical parts which might prove a potential issue to the tenant. This ends up making investors’ lives much easier.

09.40 – In some markets, additional selling points don’t actually increase rental rates at all.

12.40 – Birmingham is fortunate to have a very stable market and additional houses for rehab are found through MLS, auctions and through mailing campaigns to potential sellers.

20.00 – It’s true that working as an investor within a Section 8 program isn’t always for everyone, and that all depends on your own personality.

21.45 – All properties are done up in compliance with Section 8, so regardless of the tenant’s personal profile, the property is ready for them to move in after approval.

23.00 – In most of the areas of Birmingham, healthcare and manufacturing are the largest employment industries.

 

25.43 – The latest statistic shows that around 43% of Birmingham’s population is rental based, which is a great pool to pull from.

Direct download: CW_426_Birmingham2C_AL_Property_Management_Jennifer_PM_LMS.mp3
Category:Podcast -- posted at: 3:17am EDT

On today’s Creating Wealth Show, host Jason Hartman talks to financial maven and author, Bill Bonner, about his new book,Hormegeddon, how to create money out of thin air, the situation in Japan and whether you really can have too much of a good thing. Bill’s company, Agora Financial, is a leading marketplace for advice and talking points about everything to do with investing so he’s perfectly placed to assist those looking to increase their investment prowess.

Ahead of the interview, Jason addresses the Elon Musk announcement of semi-autonomous cars and their inevitably disruptive impact on everything – including real estate.

 

Takeaways

– The title for Bill Bonner’s latest book, Hormegeddon, comes from the term for specific biological experiments which went awry: hormesis.

– With many of these things they can start out as beneficial but the more you use them, the more issues arise.

– The notion of creating money is so difficult for even experts to understand – how can real money be created from absolutely nothing? From thin air?

– The trade of the decade assessment is not a prediction; it’s all about analysing what’s up and what’s down.

– The situation that Japan is currently in is terrible, and it doesn’t look to be improving in the immediate future.

– Indeed, there’s every possibility that the US could follow suit and end up in a similar situation to Japan, especially with ever-increasing Chinese trade agreements using Chinese currency clauses.

– One potential option could be ‘direct monetary funding’ which is the act of giving money, rather than lending it, in an attempt to bring the economy back up by consumer spending.

– If you borrow money long-term for real estate purposes and it’s on a low-rate basis, inflation can eventually come along and pay off your debt for you.

– Too much of a good thing is only too much. We view security as a good thing, but consider the money the Germans were spending on their own security during the war and that just can’t be justifiable.

– Declining marginal utility is where you invest too much into one thing and it all backfires.

– Decades ago, the huge houses used to be owned by people who made things and had a real role in society and manufacturing; now they’re just owned by hedge-fund guys.

– With all of the technological advances now occurring, this is an amazing time to be alive.

– Agora exists as a marketplace to collect together everyone’s questions and answers about investing because no one knows who’s going to have the right answer.

– For more information, head to www.AgoraFinancial.com or for an entertaining read, check out www.DailyReckoning.com

 

Tweetables

We spent 200,000 developing our sentiments and our bodies as humans, but now we’re so unequipped to deal with quantitative easing. Tweet this!

Empires get to impose their currency, but over time, they lose that ability – the dollar could seriously fall. Tweet this!

Direct download: CW_425_Bill_Bonner.mp3
Category:Podcast -- posted at: 8:20pm EDT

In the second half of today’s Creating Wealth Show, Jason Hartman speaks to author and former Department of Justice attorney, Sidney Powell. Together, they dive into some of the most scandalous and outrageous cases which have based through the Department of Justice in recent decades. Step-by-step, they overview several of the cases featured in Powell’s book Licensed to Lie: Exposing Corruption in the Department of Justice and consider the true state of our society.

 

Takeaways

01.00 – Sidney Powell’s book, Licensed to Lie: Exposing Corruption in the Department of Justice, deals with some of the most scandalous and historic events to come out of the United States’ Department of Justice.

09.20 – Within the Merrill Lynch case, it got to the point where favourable statements were hidden for six years while four Merrill Lynch executives were sent to prison without even a listed criminal offence.

13.00 – Sometimes there are two sides to a story and you need to dig a little deeper to find out what really happened.

16.55 – You have to question when a judge says he’s never had such a fine person before him for sentencing, and then passes a sentence.

20.20 – www.pogo.org (Project on Government Oversight) has identified over 400 instances of misconduct by prosecutors in the last decade.

22.00 – Despite having a criminal conviction against his name a few days before the re-election, Ted Stevens only lost his place on the Senate by a few votes.

27.45 – The Bar associations are less than useless in these situations because they just give the same response.

32.00 – Judge Sullivan is turning around the Freedom of Information Act lawsuit against the IRS and doing his best to achieve a just result.

34.10 – There are too many aspects of the IRS case that just seem conveniently timed for it to be believable.

34.40 – Many of Sidney’s articles about these issues can be found at www.Observer.com

36.40 – If the IRS is being used to target political opponents, who gave that order?

38.45 – Information about the book and how to purchase it can be found at www.LicensedtoLie.com. Tweet Sidney using the handle @SidneyPowell1 and be sure to ‘like’ Licensed to Lie on Facebook.

Direct download: CW_424_Sidney_Powell.mp3
Category:Podcast -- posted at: 4:18pm EDT

In the first section of today’s Creating Wealth Show, Jason Hartman talks about his experience in property tours and discusses the issues of either over- or under-diversifying your portfolio with your investments with investment counsellor, Sarah.

Afterwards, the discussion moves to a focus on the ever-changing industry of manufacturing as Jason talks with the President and Executive Director of The Alliance for American Manufacturing, Scott Paul. They discuss topics from moving this industry overseas, to the changing situation over history and even to the impact and potential for change due to 3D printers, with Scott Paul giving his experienced overview on each.

 

Key Takeaways

07.00 – The property investment market in Texas is rather different to the rest of the US seeing as there’s no state income tax and tenants only pay property tax if they themselves own the property.

10.30 – To reach the right level of diversification, you want to realistically be looking at investing in 3-5 markets.

16.15 – The tours and seminars are a great way to network and to find out information – even if it’s not a market you’re particularly interested in getting involved with, they’re great things to attend.

21.00 – The manufacturing market is so vast – it includes both the larger products such as fridges, and the smaller parts you don’t see, such as packaging or car parts.

24.00 – If a US steel plant were to move to China, the percentage increases of output pollutants are staggering.

25.40 – Manufacturing is one of the most important and effective ‘multiplier’ industries in the United States.

32.00 – The situation has changed prettily drastically since the 1990s and that’s not necessarily a good thing.

37.40 – We’re also putting ourselves in a risky security situation due to our total dependence on one manufacturing company in China.

43.00 – Putting money into improving the US infrastructure would be a very wise investment.

43.50 – Find out more information about Scott Paul and his work at www.AmericanManufacturing.org and on Twitter using the handle @KeepItMadeinUSA

47.40 – Germany is in a particularly good position right now, in terms of manufacturing, even though its average compensation manufacturing is almost 20% higher than that of the United States.

 

52.50 – Manufacturing has the potential to be transformed with the innovation of 3D printing.

Direct download: CW_423_Scott_Paul.mp3
Category:Podcast -- posted at: 3:29pm EDT

In this particular episode of Creating Wealth, Jason Hartman is his own guest as he remedies an issue from an earlier episode of the show. Available here is a chance to hear his take on the Eight Financial Rules That Apply to Everyone and Their Money, as listed by Business Insider, and a few of his own Commandments. In the second half of the show, Jason finds out about the changing demographics of the United States and questions the consequences on real estate investing, as well as putting some figures and statistics to the eternal question, ‘Can money make you happy?’

 

Key takeaways

03.40 – According to the Business Insider’s financial rules, spending money just to show that you have money is the surest way to lose money.

06.50 – Be sure to reward yourself or find a way to celebrate when your investments are going well.

10.30 – Wealth is totally relative.

15.00 – Getting rich has little to do with your income and everything to do with your savings.

18.30 – You can learn far more from failures than from successes.

27.30 – Look out for a future episode of the Holistic Survival featuring the author of 13 Hours: The Inside Account of What Really Happened in Benghazi.

29.00 – Be sure to check out the How to Read a Proforma video on Jason’s YouTube channel: Jason Hartman Media.

31.00 – The increasing population of single adults has led to a changing trend in real estate investing.

38.00 – If you invest in Wall Street stupidity, you’re only going to get so much out of it.

45.00 – Help us to know what we’re doing right so we can keep producing such great content for you. Go to iTunes or whichever platform you use to listen to our shows and tell us what you think.

 

48.00 – For a special half-price offer, you can own the Creating Wealth Home Study course and/or the Meet the Masters physical products. To take advantage of this, just head to www.JasonHartman.com

Direct download: CW_422_Jason_Hartman.mp3
Category:Podcast -- posted at: 9:50pm EDT

Investing guru, Bryan Ellis, joins Jason Hartman on today’s Creating Wealth Show to discuss some of the common pit-falls of investing, as well as to give some indication of the potential foreclosure rate. They consider the state of today’s smoke and mirrors economy and its impact on future investing and finances.

 

Key Takeaways

 

04.35 – The economy’s strength situation now seems to be a lot more regional than it was around 2007-2008.

05.30 – RealtyTrac’s announcement about foreclosures shows us that we can’t build a future without finishing what we started in the past.

06.15 – People’s three fundamental needs are the same as they’ve always been: food, clothing and shelter.

13.30 – We need the world to realize that the economy we’re running off is just smoke and mirrors.

17.30 – When the changes start to take place, huge inflation could be a very real possibility.

19.00 – Investment doesn’t have to be in stocks; it can be in real estate, or even just in commodities such as copper, steel, labour etc.

21.30 – Think of a deal from the most conservative standpoint you can, and ask yourself if it makes sense.

23.20 – A lot of people still haven’t realized that intellectual property could be the answer to successful investing.

25.00 – Many companies have a lot of intellectual property that they don’t even classify as such.

26.50 – The entire structure of this intellectual property set-up focuses on the presence of a third party.

29.30 – Ultimately, the fact still remains that the fundamentals are what matter.

30.00 – For more information about Bryan’s investing strategies or to receive his newsletter, visit www.investing.bryanellis.com

Direct download: CW_421_Bryan_Ellis_Interview.mp3
Category:Podcast -- posted at: 8:47pm EDT

In this 10th episode production of the Creating Wealth Show, Jason Hartman brings to light several business stories which have caught his attention. While the first concerns shady Wall Street dealings and the men that get to the top because of them, the second proves many of his earlier theories about the dollar to be true. 

Later, he speaks with Wall Street worker turned Navy Seal turned author, Mark Divine about the importance of striking a balance between your own personal, spiritual and emotional being and how that can influence the way you work in business. He uses his Seal experience to write his latest book, The Way of the Seal, which provides realistic and useful advice for achieving this balance.

Key Takeaways

 

04.00 – The current situation with Wall Street means that it’s high frequency traders who are in hugely high-up financial positions in real estate and investing.

06.45 – Despite numerous negative predictions about the fate of the dollar, it has once again reached another 4-year high.

14.00 – What passes for ‘business’ in Wall Street is not for everyone, and some workers simply don’t want to be a part of that environment.

16.30 – Think about why you do what you do. If it’s just to scrape money off the top, that’s just flat-out wrong because you’re not adding any value to society.

21.30 – The internet is changing the world and the way it works, from democratizing publishing and more in the same way the information revolution worked.

24.30 – In the times between the old and the new, the ones with the biggest guns and the biggest biceps will come out on top.

28.00 – An awareness of your own situation and your ability to react to it are skills you learn as a Navy Seal, but they’re also skills you can apply as a businessman or entrepreneur to your everyday working life.

30.00 – The realm of your subconscious, your creativity, your heart mind and your belly mind leads you to the seat of intuition.

32.15 – The importance of movement is still fundamental: children don’t really start to learn until they start to crawl, and if they miss that stage, that sets them back a long time in terms of learning.

39.00 – Understandably, it can be difficult to find the time to exercise, but if you can make the effort to find that time, it will make a huge difference.

40.50 – More information about Mark’s ideas and programs can be found at www.sealfit.com and www.UnbeatableMind.com.

46.00 – Working on the bookend system of the morning and evening ritual can both set you up correctly fr the day ahead and settle you enough for a good night’s sleep.

 

Direct download: CW_420_-_Mark_Divine.mp3
Category:Podcast -- posted at: 10:35pm EDT

In today’s episode of Creating Wealth Show, Jason Hartman discusses issues surrounding the status of our society in relation to Wall Street’s closed doors, as well as the hugely varied real estate investor market across different states, making a particular comparison between Little Rock, Arkansas and some of the more northern regions such as Chicago and New York.

 

His guest is author, Matthew Hart, who gives his leading and well-evidenced opinion on today’s gold rush and talks about the influence of advanced technologies in both gold prospecting and more recently, in diamond manufacturing.

 

 

 

Key Takeaways

 

03.20 - Little Rock, Arkansas, is fast making a name for itself as a friendly market to real estate investors.

05.00 - In many parts of the country, particularly in the North-East, landlords simply don’t have any rights.

08.20 - In January’s ‘Meet the Masters’ event, you’ll have a chance to meet and hear from the experts and industry professionals in this field.

10.10 - The revelations shown in Carmen Segarra’s secret Wall Street recordings demonstrate the level that society has reached.

14.30 - Looking at patterns suggests that we are now coming to the end of the greatest gold rush in history, with most searches being totally price-driven.

16.10 – In Nevada, new technologies for gold extraction are really taking off.

21.35 – ETFs may well be the biggest factor in price movements and alterations with gold.

24.20 – Our fascination with gold has a history that dates back further than our ability to write.

28.00 – Like everything we use, eventually these gold deposits and reserves will run out.

30.30 – As it stands, the manufacture of diamonds in laboratories doesn’t look set to ruin the gem diamond trade.

33.30 – For more information and to buy Gold: The Race for the World’s Most Seductive Metal, go to www.matthewhart.net

35.40 – www.jasonhartman.com/store will give you access to all the Creating Wealth information you’ll ever need.

Direct download: CW_419_-_Matthew_Hart.mp3
Category:Podcast -- posted at: 10:05pm EDT

Joel Skousen is a survivalist author and retreat consultant. He's the author of, "Strategic Relocation--North American Guide to Safe Places."

 

Skousen discusses how our world becoming less stable because of a coming shortage in commodities. He then gives the best and easiest places to relocate to and how people can relocate if they have work or family ties. Last March, Joel walked away with just slight injuries from the crash of his Glasair kit plane. He shares that experience.

 

Joel Skousen is a political scientist, by training, specializing in the philosophy of law and Constitutional theory, and is also a designer of high security residences and retreats. He has designed Self-sufficient and High Security homes throughout North America, and has consulted in Central America as well. His latest book in this field is Strategic Relocation--North American Guide to Safe Places, and is active in consulting with persons who need to relocate for security and increased self-sufficiency. He also assists people who need to live near a large city to develop contingency retreat plans involving rural farm or recreation property.

 

Joel was raised in Oregon and later served as a fighter pilot for the US Marine Corps during the Vietnam era prior to beginning his design firm specializing in high security residences and retreats. During the 80's he took a leave of absence to serve as the Chairman of the Conservative National Committee in Washington DC. and concurrently served as the Executive Editor of Conservative Digest. For two years he published a newsletter entitled, the WORLD AFFAIRS BRIEF, and served as a Senior Editor of "Cogitations" a quarterly journal on law and government . The World Affairs Brief is now back in publication and is available as a weekly email newsletter or in a monthly print edition.

 

Find out more about Joel Skousen at www.joelskousen.com.

Direct download: CW_418_-_Joel_Skousen.mp3
Category:Podcast -- posted at: 2:57pm EDT

Charles Goyette is the Host of "Ron Paul's America" radio show. He joins the podcast to give his dramatic solution to prevent the coming financial ruin. 

 

Goyette believes the longstanding practice of crony capitalism strangles our economy. He thinks we need to reign in overseas spending and end American interventionism. 

 

Goyette then explains whether it is fair for younger people to subsidize older people.

 

New York Times bestselling author Charles Goyette spent many years as an award-winning and popular Phoenix radio personality. Admired for his "Fearless Talk Radio," Charles was named Best Phoenix Talk Show Host by the New Times. Because of his insistence on holding all poiticians - regardless of party - accountable to the same strict standards, Charles was widely known as “America’s Most Independent Talk Show Host.” His years of experience as a financial professional have served his listeners well as he sounded the alarm about the mortgage bubble well in advance of the calamity and described the consequences of the governments reckless economic behavior in his clear, easy to understand manner. 

 

Charles is no newcomer to the national economic debate. In fact, more than 25 years ago Charles arranged for a then little-known Texas Congressman named Ron Paul to be the keynote speaker at a series of monetary conferences he hosted. Goyette has often been called on to share his views with television audiences nationally on Fox News, CNN, MSNBC, PBS, CNBC and Fox Business Channel, including on the Glenn Beck Show and The O’Reilly Factor with Bill O’Reilly on Fox News; NOW with Bill Moyers on PBS; and on Lou Dobbs Tonight on CNN, where he repeatedly warned before the current turmoil the "economic calamity the Republicans and Democrats" were creating. He has written for a number of magazines including The American Conservative and Gannett magazines, and for LewRockwell.com, CNBC.com, WorldNetDaily.com, and TheStreet.com. 

 

Listen to "Ron Paul's America" at www.ronpaulsamerica.info.

 

Direct download: CW_416_Charles_Goyette.mp3
Category:Podcast -- posted at: 1:53pm EDT

Todd Schoenberger is the Managing Partner and Principal at LandColt Capital. He joins the show to discuss trading volumes during the market run-up and ObamaCare's recovery after a poor start. 

 

Todd M. Schoenberger began his career in the financial services industry as a Broker with Merrill Lynch & Co. where he specialized in helping individual investors achieve financial independence. After Merrill, Todd joined Legg Mason Wood Walker as an Institutional Trader where he was responsible for managing over US$140Million of cash for several publicly traded technology companies. 

 

After the stock market bubble burst, Todd teamed with an institutional mutual fund company named Rydex Funds where he trained financial professionals on the intricacies of using leveraged mutual funds inside sophisticated market-timing strategies. Todd then helped to create AnnuityNetAdvisor.com, an online variable annuity provider specializing in low-cost, investor-friendly insurance products for financial advisors. After ANA.com, Todd decided to test his knowledge and formed his own no-load variable annuity known as the Genesis Variable Annuity (www.GenesisAnnuity.com), which is distributed globally to individual investors and financial professionals.  

 

Todd’s been on a media blitz, appearing on CNBC’s Squawk Box and Kudlow & Co., Fox News Channel's Forbes on FOX and Cavuto on Business, Ringside Politics with Jeff Crouere, Business for Breakfast w/ Wayne Candace, WMAT Investments Advisor Review and Money Matters Financial Network, to name a few. 

 

Visit LandColt Capital at www.LandColtCapital.com.

Direct download: CW_415_Todd_Schoenberger.mp3
Category:Podcast -- posted at: 2:00pm EDT

Chris Martenson is the former Vice President of Pfizer and SAIC. He's the developer of the educational video seminar series, “The Crash Course,” and author of "THE CRASH COURSE: The Unsustainable Future Of Our Economy, Energy, And Environment." 

 

Martenson discusses whether the central banks are to blame for the coming bond collapse. He shares his thoughts on whether our fiat money system of exponential credit market growth is sustainable or if there is a breakdown on the horizon. He then explains the "eye drop of water in the middle of the stadium" analogy that his Crash Course outlines and how this relates to the current financial and political climate in the United States.  Martenson finishes the talk with his thoughts on gold and energy and how they're manipulated.

 

Dr. Chris Martenson is an economic researcher & futurist specializing in energy and resource depletion. He is the founder and editor of the website ChrisMartenson.com, as well as its popular video seminar, The Crash Course.  

 

Chris is in the dot-connecting business. A former scientist and Fortune 300 executive, he studies macro trends through his proprietary analytical framework based on the interdependence of the "Three Es" - the Economy, Energy & the Environment - and uses this lens to assess the probable impact of current developments in the marketplace . All in order to help his readers and clients mitigate and control risk.

 

Find out more about Chris Martenson at www.PeakProsperity.com.

 

 

 

 

 

 

 

 

 

 

 

 

Direct download: CW_414_Chris_Martenson.mp3
Category:Podcast -- posted at: 5:01pm EDT

Jawad S. Mian is the Founder and Chief Investment Officer of TGSF (The Good Society Fund) Advisors. He's also the Editor of the "Stray Reflections" monthly investment newsletter. Based in Dubai, Mian is an expert on Dubai, Qatar and Middle Eastern investments.

 

Mian discusses Dubai as a travel and living destination. He also shares the investment opportunities available in Dubai, Iran and Iraq.  

 

Jawad Mian was born on a cloudless January night in 1984.  He originally hails from Pakistan but was born and raised amid very high temperatures in United Arab Emirates. His initial plan was to become a doctor, then a lawyer, but fell in love with the global macro world instead. He survived seven cold winters in Canada during which he studied finance and economics at The University of Western Ontario and started his career as a bank teller. 

 

To his surprise, he would go on to obtain the CFA and CMT charter after tireless effort. Most recently, he ran $250 million across global markets for a Middle East based quasi-sovereign entity. He left to start-up his own fund. He was last seen sporting a beard and getting ready for a journey no one knew anything about, not even him.  

 

Every month, he sends us his thoughts from the road…

 

Visit Stray Reflections at www.stray-reflections.com.

Direct download: CW_413_Jawad_Mian.mp3
Category:Podcast -- posted at: 4:01pm EDT

Steve Lord is Editor-In-Chief of the Modern Money Letter and the Modern Money Report.

 

Steve discusses the keys to bitcoin's future and explains whether bitcoin should be viewed as a payment system, investment or currency.

 

As the Editor-In-Chief of The Modern Money Letter, Steven Lord draws upon a wealth of experience to the financial industry, having founded or led numerous companies in the investment research, financial data, and asset management industries. His comprehensive knowledge of global equities, economics, derivatives, and currencies have made him a sought-after commentator on the markets in national radio, TV and print venues, as well as serving as an expert witness for the U.S. Securities and Exchange Commission. Lord has been studying the development of digital currencies since their inception, was an early investor in Bitcoin.

 

Visit the Modern Money Letter at www.modernmoneyletter.com.

 

Subscribe to the Modern Money Report at www.modernmoneyreport.com.

 

Direct download: CW_412_Steve_Lord_Modern_Money.mp3
Category:Podcast -- posted at: 2:58pm EDT

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: creating-wealth-123.mp3
Category:Podcast -- posted at: 4:20pm EDT

Jeff Reeves is the Editor at InvestorPlace.com. He's the author of, "The Frugal Investor’s Guide to Finding Great Stocks."

 

Reeves discusses why investors should love Google again. He also explains why blue chip brands like Amazon, Coke and Whole Foods make for bad investments. Reeves then shares which emerging markets and healthcare stocks are poised to take off. 

 

Jeff Reeves is a financial journalist and editor of the investing website, InvestorPlace.com. As a former editor with the New York Times Co. his passion is looking beyond the headlines to find out what the news really means for individual investors and consumers. Jeff's byline has appeared in numerous finance publications and websites, including The Wall Street Journal, Forbes, MarketWatch, Smart Money and 24/7 Wall Street. 

 

Read Jeff Reeves' work at www.InvestorPlace.com.

 

Direct download: CW_411_Jeff_Reeves.mp3
Category:Podcast -- posted at: 6:00pm EDT

Dr. Jill Ammon-Wexler is a doctor of psychology with over 45 years of pioneering brain/mind research experience. In addition to teaching mind power methods in universities and corporations, she was invited by former President Jimmy Carter to support his Special Commission on Women in Business, was invited to serve as a Pentagon consultant focused on business communications, and has authored over 30 books and hundreds of articles in both business and individual success categories.

 

Unlike other personal development approaches, her focus is on refining brain/mind power to create more successful action. Instead of presenting strategies that never work in the real-world, you'll get genuine science-based information that can be immediately implemented. Learn more by scrolling down the page to check out Dr. Jill's books, audio books, and other materials.

 

In her books, audio books and programs, Dr. Jill Ammon-Wexler provides insights and action plans for every area of your life: from higher states of awareness to personal achievement ... from instant stress management to healthy longevity ... from enhanced mental performance to mind/brain enhancement.

 

Getting more satisfaction in life does not necessarily result from taking the latest personal growth program. True, this set your feet on a more productive path. BUT...true lasting success only happens when you commit to direct your thoughts and actions every day. In other words, your daily mental habits and resulting actions are what help you create the life and business conditions you want.

 

When not writing or teaching, Dr. Jill enjoys artistic pursuits, gardening and being out-of-doors, good conversation, home and garden design, and kayaking and skiing.

 

Direct download: CW_410_Jill_Ammon_Wexler.mp3
Category:Podcast -- posted at: 6:42pm EDT

Former Missouri Congressman Todd Akin is the author of, "Firing Back: Taking on the Party Bosses and Media Elite to Protect Our Faith and Freedom." Akin made some very controversial comments about rape and abortion, which cost him a seat in the Senate. Akin discusses what he really meant by his comments. He also shares which Republicans betrayed him during his demise. 

 

Akin then discusses the current state of the Republican Party. He also hints at what's next for him...

 

Todd Akin's book "Firing Back: Taking on the Party Bosses and Media Elite to Protect Our Faith and Freedom" on Amazon.com

 

Direct download: CW_409_Todd_Akin_Former_US_Congressman.mp3
Category:Podcast -- posted at: 5:32pm EDT

One of the core concepts that we communicate to our investors is to “Refi Till Ya Die” with your rental property portfolio. While this description may sound a bit snarky, it is a very powerful strategy for multiplying your wealth over the long-term.

The most unique part of this strategy is that it stands in stark contrast to the popular strategy of ‘flipping’ properties by buying and quickly re-selling them for quick profits. The strategy that we recommend is the exact opposite of this. At Platinum Properties, we advocate buying and holding prudent rental properties over a long period of time. This enables investors to build real wealth, instead of constantly churning properties. (And creating taxable gains)

There is another very powerful force behind our strategy of buy and hold investing. That power comes when the rents and value of your property increase over time. Typically, an investment property will start with low cash flow, and will grow in profitability as tenant rents are increased. This increase in revenues carries with it a tremendous tool for growing your wealth.

The way that you employ this tool is to refinance your property for more than your original purchase price, based on the increased cash flow. This will allow you to re-invest the amount of your loan that exceeds the original purchase price. And here comes the kicker . . . these net proceeds are not taxed!!!

The reason that you will not owe taxes on the re-financing of your properties is because loans are not taxed. Since you are taking out a loan instead of selling the property, no taxable transaction is triggered. (Granted, capital gains can be deferred via 1031 exchange, but you will still lose 5% to 6% of the property value off the top from realtor fees. Thus, investors can “Refi Till Ya Die” and legally avoid paying taxes on the increased loan amount of their properties. (In addition to this, the increased interest payments from your new loan will reduce the tax burden of your regular cash flow)

These strategies can super-charge wealth creation by allowing investors to capture their equity growth for re-investment. These perpetual re-investments accelerate the natural compounding of your investment portfolio. It also carries the benefit of consistently increasing your use of fixed-rate debt as a shield against inflation. Prudent investors realize the incredible power of this strategy, and should seek to capitalize on it to build their wealth during these increasingly difficult times.

 

For more information visit our blog archives: www.JasonHartman.com/Blog

Direct download: CW_408_Jason_Hartman_ReFi_Till_You_Die.mp3
Category:Podcast -- posted at: 5:55pm EDT

Matt Theriault is is an entrepreneur, author and success coach who shows people how to start over and begin a new life setting goals and objectives so they can create wealth and live life to the fullest. Matt is the founder and host of the Epic Real Estate Investing and Do Over podcasts. 

 

For Matt's Epic Real Estate Investing see: www.EpicRealEstate.com

 

The Do Over podcast on iTunes.

 

Direct download: CW_407_Matt_Theriault.mp3
Category:Podcast -- posted at: 7:02pm EDT

Tom Essaye is the Editor of The Sevens (7:00) Report. He joins the show to discuss macroeconomic topics including China, Russia, and junk bonds. 

 

Essaye is a professional trader with more than 10 years experience trading foreign and domestic equities, commodities, currencies and bonds.  

 

He began his career as a trader on the floor of the New York Stock Exchange for Merrill Lynch’s Institutional Equity Trading division, where he regularly traded multi-million dollar orders from clients that were some of the largest mutual and hedge funds in the world.  

 

In early 2005, Tom Essaye recognized, through his own fundamental analysis and research, a unique investment opportunity developing in the natural resource sector and commodities markets. He left the floor of the NYSE to join an associate starting a fledgling global macro hedge fund focused on investing in commodities and natural resource equities. Mr. Essaye was responsible for all trading in the fund and for conducting fundamental research in the commodities and natural resource markets.  

 

The fund made investments in precious metals, agricultural commodities, energy, and natural resource related equities – placing initial long positions in gold below $500/oz, silver below $7.00/oz, corn below $2.00/bushel and buying shares in then little followed equities such as Silver Wheaton, Newmont Mining, Cameco and EOG Resources. The fund also invested in Canadian and Australian mining and energy companies, and at one point foreign equities comprised nearly half of the fund’s portfolio.  

 

In mid-2007, while managing the energy sector portion of the fund, Mr. Essaye was one of the first analysts to realize the potential of shale natural gas, and invested heavily in shale gas producers and energy service companies that specialized in shale drilling.  

 

While interacting with both institutional and retail investors during his time at the fund, Mr. Essaye first began to recognize the large discrepancy between the quality of information available to professional traders versus the that available to non-professional traders. The 7:00’s Report is the result of his desire to show the investing public how professional traders analyze and interpret the markets each day, and to demonstrate how, by trading a real money portfolio, that analysis translates to trade ideas and, ultimately, profitable investments.

 

Visit the Sevens Report at www.SevensReport.com.

 

Direct download: CW_406_Tom_Essaye_-_Junk_Bonds.mp3
Category:Podcast -- posted at: 5:03pm EDT

Jason Hartman guides you through his process for how to read a property Pro Forma.

 

For more information see: http://www.JasonHartman.com

Direct download: CW_405_-_How_To_Read_A_Property_Pro_Forma.mp3
Category:Podcast -- posted at: 3:54pm EDT

Jason Burack is an Investor, Entrepreneur, Financial Historian, Austrian School Economist, Investment Analyst and Contrarian. Jason co-founded the startup investor education and financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. 

 

Jason feels the knowledge he has acquired over the years will help make sure consulting clients are better prepared to navigate through these difficult financial waters. Jason is co-author of The Dragon Metals Report on Rare Earth Elements, The Treasure Hunting for Precious Metals Stocks Report and the Petro Profit Report. 

 

Jason’s articles, interviews, podcasts, video blogs, and other related content have been featured on the popular investing websites: Forbes, Money Show, Financial Sense, Contrary Investors Cafe, Bull Market Thinking, The Gold Report, The Critical Metals Report and The Daily Gold. Jason has taught beginners how to invest and also has consulted for high net worth investors and every type of investor in between. 

 

Jason has a double major in history and political science from Virginia Tech and has also tried law school and MBA programs before dropping out. For more information on Jason Burack, go to http://www.JasonBurack.com.

 

Visit Jason's investor and financial education website Wall Street for Main Street

 

Direct download: CW_404_-_Jason_Burack_on_Wall_Street_for_Main_Street.mp3
Category:Podcast -- posted at: 3:09pm EDT

 

Mike "Mish" Shedlock is a renowned economic blogger. He joins the show to discuss how expensive real estate has gotten because of the Federal Reserve and government policy. 

 

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

 

Visit Sitka Pacific's Investment Management Page to learn more about wealth management and capital preservation strategies at www.sitkapacific.com.

 

Read Mish's blog at http://globaleconomicanalysis.blogspot.com.

 

 

Direct download: CW_403_-_Mish_Shedlock.mp3
Category:Podcast -- posted at: 3:39pm EDT

Lew Rockwell is an American libertarian author and editor, self-professed anarcho-capitalist, a promoter of the Austrian School of economics, and founder and chairman of the Ludwig von Mises Institute.

 

His website LewRockwell.com was founded in 1999 and features articles and blog entries from a number of columnists and writers. His motto is "anti-war, anti-state, pro-market". 

 

Visit Lew's website at LewRockwell.com

 

The Ludwig von Mises Institute at Mises.org

Direct download: CW_402_Lew_Rockwell.mp3
Category:Podcast -- posted at: 4:31pm EDT

Christopher Barnatt is the author of 3D Printing: The Next Industrial Revolution. He is a professional futurist and videographer and for 24 years has lectured in computing and future studies at Nottingham University Business School. 

 

Visit Christopher's website at ExplainingTheFuture.com

Direct download: CW_401_-_3D_Printing_with_Christopher_Barnatt.mp3
Category:Podcast -- posted at: 10:33pm EDT

Dan Millman is the author of, "Way of the Peaceful Warrior: A Book That Changes Lives" and "The Creative Compass: Writing Your Way from Inspiration to Publication." He's also the former director of gymnastics at Stanford University and a former world champion athlete, martial arts instructor, and college professor.  

 

After an intensive, twenty-year spiritual quest, Dan's teaching found its form as the Peaceful Warrior's Way, expressed fully in his books and lectures. His work continues to evolve over time, to meet the needs of a changing world.  

 

Dan's thirteen books, including Way of the Peaceful Warrior, have inspired and informed millions of readers in 29 languages worldwide. The feature film, "Peaceful Warrior," starring Nick Nolte, was adapted from Dan's first book, based upon incidents from his life.  

 

Much of Dan's time is devoted to writing and speaking. His keynotes, seminars, and workshops span the generations to influence men and women from all walks of life, including leaders in the fields of health, psychology, education, business, politics, sports, entertainment, and the arts.  

 

Dan and his wife Joy live in northern California. They have three grown daughters and two grandsons so far.

 

Visit the Peaceful Warrior at www.peacefulwarrior.com.

 

Direct download: CW400_-_Way_of_the_Peaceful_Warrior_with_Dan_Millman.mp3
Category:Podcast -- posted at: 2:48pm EDT

Bill Cheney is the Chief Economist at John Hancock Financial Services. He joins the podcast do discuss how job growth was affected by the weather this past winter and if investors are feeling positive or negative about the stock market and economy.

 

Cheney also talks about whether investors think it is a good time to:

- buy a home 

- purchase a big-ticket item

- start a business

 

Cheney wraps up the conversation by providing data on Americans being concerned about healthcare costs and the national debt.

 

Visit John Hancock Financial at www.johnhancock.com.

 

Bill Cheney directs economic research for John Hancock Financial Services, the U.S. division of Toronto-based Manulife Financial Corporation. Based in Boston, he forecasts macro-economic and financial trends and analyzes the potential impact on the company’s individual business lines and investments.  Cheney is a member of the National Association of Business Economists.

 

Direct download: CW_399_-_Discounted_Notes_Market_Trends_and_Econ_301.mp3
Category:Podcast -- posted at: 5:19pm EDT

Zac Bissonnette is the author of, "GOOD ADVICE FROM BAD PEOPLE: Selected Wisdom from Murderers, Stock Swindlers, and Lance Armstrong." He previously wrote, "How to Be Richer, Smarter, and Better-Looking Than Your Parents", and "Debt-Free U: How I Paid for an Outstanding College Education Without Loans, Scholarships, or Mooching off My Parents."

 

Bissonnette discusses why car loans are for suckers and why lleasing a car is a poor choice. 

 

He then talks about the influence parents have on their kids' decisions relating to financial management and the correlation between spending and watching television. 

 

Bissonnette finishes the discussion by analyzing some of the worst advice given in the modern day: 

 

“When you know what you are talking about, others will follow you, because it’s safe to follow you.” —Lehman Brothers CEO Richard Fuld, 2006

 

“Winning is about heart…. It’s got to be in the right place.” – Lance Armstrong

 

“The day you take complete responsibility for yourself, the day you stop making any excuse, that’s the day you start to the top.” –O.J. Simpson, 1975

 

“I think the most important thing is restore a sense of idealism and end the cynicism.” –future Illinois Governor Rod Blagojevich, 2002

 

“The best chance for the average investor is to put money in an index fund.” – Bernie Madoff

 

Zac Bissonnette is a personal finance writer. His first book, Debt-Free U, landed him on The Today Show, Sean Hannity, The Dave Ramsey Show, The 700 Club, and the Fox News Channel. The Washington Post called Debt-Free U "the best and most troubling book ever about the college admissions process."

It has been featured by The BBC, The New York Times, The Huffington Post, Bloomberg, Christian Science Monitor, USA Today, The Suze Orman Show, The Boston Globe, ABC News, and many others.

His second book "How to Be Richer, Smarter, and Better-Looking Than Your Parents" was a New York Times Bestseller. He was also the editor of the Warman's Guide to Antiques & Collectibles and he is a contributing editor with Antique Trader.

He has written for various media outlets including GLAMOUR, The Wall Street Journal, The New York Times Online, The Boston Globe, and The Daily Beast. His is currently working on his next book, the story of the Beanie Babies bubble of the 1990s.

Find out more about Zac Bissonnette at www.zacbissonnette.net.

 

Direct download: CW_398_-_Good_Advice_From_Bad_People_with_Zac_Bissonnette.mp3
Category:Podcast -- posted at: 12:00pm EDT

Rich Karlgaard is Publisher of Forbes magazine and columnist for Forbes' "Innovation Rules." He's the author of, "The Soft Edge: Where Great Companies Find Lasting Success."

 

Karlgaard has been publisher at Forbes since 1998. He discusses how the business model of Forbes Magazine has evolved since the disruption of the Internet and digital media. Karlgaard explains what Forbes is doing to compete with the online players in business information, such as Agora Publishing and the Motley Fool. 

 

Karlgaard then talks about the pluses and minuses of hiring passionate people and how hiring managers can identify passion. He describes how destructive cynicism can be to a corporate culture and how companies can better incorporate trust. 

 

Rich Karlgaard, angel investor, board director and Wall Street Journal best-selling author, is the longtime publisher of Forbes magazine.  

 

He also writes the Forbes column, “Innovation Rules,” which is known for its witty assessment of business and technology. Karlgaard has been a regular panelist on television’s Forbes on FOX show since its inception in 2001.  

 

Karlgaard is also a serial entrepreneur. He has launched two magazines (Upside and Forbes ASAP), the venture capital firm Garage Technology Ventures and Silicon Valley’s premier business and technology forum, 7500-member Churchill Club. He is a past winner of the Ernst & Young “Entrepreneur of the Year” award.  

 

Karlgaard was raised in Bismarck, North Dakota, and graduated from Stanford University. He lives with his family in Silicon Valley. 

 

Visit Forbes at www.forbes.com

 

Find out more about Rich Karlgaard at www.richkarlgaard.com.

Direct download: CW_397_-_The_Soft_Edge_and_Forbes_with_Rich_Karlgaard.mp3
Category:Podcast -- posted at: 4:30pm EDT

Matthew Quirk is the author of the best-selling book,"The 500" and author of the new book on the Fed, "The Directive," which centers on a conspiracy plot at the Federal Reserve. Quirk joins the podcast to break down how realistic this plot could be today. 

 

Quirk spent a year working with red team security experts, hackers, lockpickers, social engineers, and sources inside the Fed to map out what a true-to-life 21st century heist would look like at the most powerful bank in capitalism. He shares the loopholes within the Fed's security system and gives his guestimate on the best chance someone has in hacking the Fed.

 

Find out more about Matthew Quirk at www.matthewquirk.com.

 

Direct download: CW_396_-_Matthew_Quirk_Hacking_the_Fed_-_The_Directive.mp3
Category:Podcast -- posted at: 3:46pm EDT

Jason Hartman talks with Alex about the most landlord friendly areas to invest, specific properties an excellent cash flow market with the following highlights:

 

- #1 Place to Live in the United States (Cities under 1,000,000 in population), Kiplinger Magazine July 2013

 

- Top Ten Smaller Markets in the South for Foreign Investment, Southern Business Development

- No Real Estate Boom or Bust, thus earned recognition of 10 strongest Real Estate Market in 2009, Forbes.com

- 2nd Most Diverse Economy, Moody’s Investors Service

- 2nd Cleanest City in the U.S., Forbes Magazine, 2011

- 22nd out of 361 metropolitan areas as best places for business, Forbes magazine, 2005

- 7th best metropolitan economy in the United States, Brookings Institution, 2009 

Little Rock Industry and Business - Major employers :

  • State Government 
  • 2 Major Universities 
  • Twenty-eight (28) Fortune 500 companies 
  • Little Rock Air Force Base 
  • Healthcare (Very large job base from hospitals, insurance and manufacturing ) 
  • Dassault Falcon Jet Corp 
  • Verizon 
  • Caterpillar 
  • IT company Acxiom 
  • Windstream 
  • Stephens Inc (Largest Investment Bank not located in NY) 
  • L’Oreal , LM Wind Power (North America), Dillard’s 

 

 

Direct download: CW_395_-_Business_Weeks_4th_Strongest_Economy_in_the_USA.mp3
Category:Podcast -- posted at: 10:20pm EDT

William D. Cohan is a columnist for Bloomberg View and Vanity Fair and author of the new book, "The Price of Silence: The Duke Lacrosse Scandal, the Power of the Elite, and the Corruption of Our Great Universities." He previously authored, "The Last Tycoons: The Secret History of Lazard Frères & Co." and "House of Cards: A Tale of Hubris and Wretched Excess on Wall Street."

 

Cohan characterizes the state of the American university system and talks about the elitist bad-boy attitude that plagues many campuses across the nation. So many people who fit the stereotype he describes end up on Wall Street. 

 

William D. Cohan is the New York Times bestselling author of three non-fiction narratives about Wall Street: Money and Power: How Goldman Sachs Came to Rule the World; House of Cards: A Tale of Hubris and Wretched Excess on Wall Street; and The Last Tycoons: The Secret History of Lazard Freres & Co., which won the 2007 FT/Goldman Sachs Business Book of the Year Award. He is a contributing editor at Vanity Fair and writes a weekly column for Bloomberg View.  

 

Mr. Cohan also writes for the Financial Times, Bloomberg Business Week, The Atlantic, Art News, the Irish Times, the Washington Post and the New York Times Magazine. He appears regularly on MSNBC, Bloomberg TV, CNN, Current TV, and the BBC. He has also been a guest on the Charlie Rose Show and the News Hour.  

 

Over the course of 17 years Mr. Cohan was a senior Wall Street Mergers & Acquisitions investment banker at Lazard Freres & Co., Merrill Lynch and JPMorgan Chase. He is a graduate of Duke University, Columbia University School of Journalism, and the Columbia Graduate School of Business.

 

Read William D. Cohan's work on Bloomberg View at www.bloombergview.com

 

Visit his work on Vanity Fair at www.vanityfair.com.

 

Direct download: CW_394_-_The_Price_of_Silence__The_Last_Tycoons_with_William_D._Cohan.mp3
Category:Podcast -- posted at: 5:47pm EDT

Douglas J. Utberg - Biograhy

 

My professional life started when I was delivering newspapers at 15 years of age, progressed through multiple jobs paying near minimum wage.   This experience taught me the value of gaining a strong financial education to ensure that I would be able to lift myself up to higher opportunities in the future.

 

Upon completing my first year of college, I enlisted in the US Marine Corps Reserve.  The experience of training in the Marines taught me the importance of a strong work ethic, and the ability to adapt and improvise during difficult situations.  During my six years of service in the Marine Corps Reserve, I eventually earned the rank of Sergeant, and was assigned responsibility for a squad of fellow Marines.  This taught me the importance of placing the team’s needs before your own when in a position of responsibility.

 

Later on, I graduated from Portland State University, earning a bachelor of science in Finance.  Immediately afterward, I embarked on a brief career in the financial services industry, selling insurance products and mutual funds.  During this experience, I discovered the extent to which the financial industry is driven by a desire for management fees and commissions.  This experience inspired me to seek out both a different career path and to develop a way for people to learn the skills necessary for managing their own finances and investments so that they can escape the fees and commissions of the financial services industry.

 

It is at this point when I began my career at Intel Corporation, during which I was able to earn my MBA from George Fox University.  While working at Intel, I was fortunate enough to gain a broad array of experience ranging between manufacturing, cost, inventory, software business analysis, open source business analysis, microprocessor pricing, long range planning, compute continuum, and leading the P&L team in building and implementing a new forecasting system.  Each assignment during my career at Intel provided a unique opportunity to learn and develop.

 

In addition to my career working for an employer, I have also engaged in a broad variety of business and investing activities, ranging from the purchase and management of single plus multi-family investment real estate to stock market investing to building web-based businesses.  My investment and business philosophy are both the same, with each centered around fundamentals and value.  My personal and professional studies have repeatedly found that speculation is not a formula for consistent long-term success.

 

My experience has shown that the best way to succeed in both our career and our investments is to seek value in everything that you do.

 

Visit Doug's website: http://DougUtberg.com

 

Connect with Doug on Twitter: http://twitter.com/DougUtberg

Direct download: CW_393_-_Apartments_vs_SFR__Trading_vs_Investing_with_Douglas_J_Utberg.mp3
Category:Podcast -- posted at: 6:31pm EDT

Joel Naroff is the Founder, President & Chief Economist with Naroff Economic Advisors and a member of the Newsmax Financial Braintrust Alliance. He's also the author of, "Big Picture Economics: How to Navigate the New Global Economy."

 

Naroff gives his take on the economic recovery and when he expects inflation to hit, if at all. He also discusses the effects tax cuts have on the economy. 

 

Naroff then talks about international economic hotspots and where people should produce and sell in our global economy. He thinks certain international events can ripple through the economy and ultimately affect workers in the Midwest. 

 

Joel L. Naroff is the president and founder of Naroff Economic Advisors, a strategic economic consulting firm. He advises companies across the country on the risks and opportunities that economic developments may have on the organization’s operating environment.  

 

A nationally recognized economic forecasting expert, Joel has received numerous honors. In 2011, he received the National Association for Business Economics Outlook Award as the top economic forecaster. NABE is the premier professional association for business economists. He also received the award in 2007. In 2008, he was awarded the Lawrence Klein Award for Blue Chip forecasting excellence. This is one of the oldest and most prestigious forecasting honors. Joel was the Bloomberg Business News top economic forecaster in 2008. In 2006, he was MSNBC’s top forecaster.  

 

Joel received his bachelor degrees in economics and chemistry from the Stony Brook University and his Ph.D. in economics from Brown University. He is a member of the Board of Directors of the Economy League of Greater Philadelphia, teaches at the Central Atlantic Advanced School of Banking, is a past chairman of the American Bankers Association’s Economic Advisory Committee and is a past president of the Philadelphia Council of Business Economists. 

 

Find out more about Joel Naroff's research by visiting www.econsultsolutions.com.

Direct download: CW_392_-_Big_Picture_Economics_with_Joel_Naroff.mp3
Category:Podcast -- posted at: 5:21pm EDT

CW 391: Warren Buffet & Berkshire Hathaway’s Success with Vitaliy Katsenelson of Investment Management Associates

Vitaliy Katsenelson is the Chief Investment Officer at Investment Management Associates. He gives a glimpse at what has made Warren Buffett and Berkshire Hathaway so successful. 

 

Buffett has always voted yes to the investments he's heavily invested in, even when disagreeing, which is a topic of much consternation to Katsenelson. He thinks Buffett mishandled Coke's latest compensation plan. 

 

Katsenelson then discusses ways investors can take a long-term view in their investing. 

 

Vitaliy Katsenelson is Chief Investment Officer at Investment Management Associates. While his primary focus is on discovering under-valued companies for his clients, he is also known for his uncommon common sense, which he has regularly expressed in articles in the Financial Times, Barron's, Bloomberg Businessweek, the Christian Science Monitor, Institutional Investor, and the New York Post, among other outlets. He speaks frequently to investment groups around the world, and was most recently profiled in Barron's in September 2009. Previously, he was an adjunct faculty member at the University of Colorado Graduate School of Business, and he is also the author of Active Value Investing.

 

Visit Vitaliy's Katsenelson's blog at www.contrarianedge.com

 

Find out more about Investment Management Associates at www.imausa.com

Direct download: CW_391_-_Warren_Buffet__Value_Investing_with_Vitaliy_Katsenselson.mp3
Category:Podcast -- posted at: 3:28pm EDT

CW 390: Taking Calculated Risks with Eve Wright VP of The Miami Heat NBA Team & Author of ‘ Living Life at the Speed of Passion’

Eve Wright is the Vice President and Associate General Counsel for The HEAT Group (Miami Heat basketball team). She is the author of, "LIFE AT THE SPEED OF PASSION: Create a Life of Intention, Purpose, and Integrity."

 

Wright joins the show to discuss how people can cut the emotional “fat” from their lives and refine themselves everyday. She also explains what it really means to be happy. 

 

Wright then talks about how people can take calculated risks and re-learn risk-taking to achieve ROI. She thinks everyone can overcome their fears of failure.

 

Find out more about Eve Wright at http://evewright.us/.

 

Find out more about the Miami Heat at www.heat.com.

 

In her position, Wright advises the HEAT on a wide variety of legal issues pertaining to marketing and promotions, concerts and events, corporate sales, merchandising initiatives and player-related matters.  

 

Prior to joining the HEAT, Wright served as the Senior Director of Business and Legal Affairs for the Ladies Professional Golf Association (LPGA) where she helped to develop sports marketing opportunities for corporate sponsors, managed the LPGA's international trademark portfolio and retail licensing business as well as advised the Association on all legal matters.  

 

Prior to her tenure with the LPGA, the former associate in the Minneapolis, Minnesota office of Fredrikson & Byron, P.A. worked in the E-Business and Corporate Transactions groups.  

 

An avid supporter of community development initiatives, Ms. Wright has served in various capacities on the boards of regional civic organizations. In addition to civic organizations, she is currently a member of the ACC professional organization as well as serves on the Board of Directors for BESLA and Advisory Board for the Corporate Counsel Women of Color.  

 

Ms. Wright is a graduate of DePauw University, where she received a Bachelor of Arts in Economics and International Business. She earned her Doctor of Jurisprudence from Indiana University School of Law and participated in the Consortium Program at Howard University School of Law. She and her husband, Ken, live in Bay Harbor Island. 

 

Direct download: CW_390_-_Eve_Wright_-_Life_at_the_Speed_of_Passion.mp3
Category:Podcast -- posted at: 3:00am EDT

CW 389: Evaluating Cash Flow Rental Properties in Birmingham Alabama, Cleveland Ohio & Dallas Texas with Jason’s Mom

Introduction:

Join Jason Hartman and his mom on this episode of The Creating Wealth Show as they discuss their long road trip through several markets including Cleveland, Cincinnati, Columbus, Nashville, Birmingham and Dallas. You’ll learn about the “minimalist management” philosophy in creating bulletproof rental properties that require very little maintenance and a good overview of several markets.

 

Also, a big thank you to all of the doctors in the audience who provided advice and support relating to my mothers carotid artery surgery. She’s doing well in the Cleveland Clinic provided a top-notch medical experience.

 

Visit www.JasonHartman.com to view properties in these markets and to register for our Little Rock Property Tour and Creating Wealth Bootcamp in late September. Happy investing!

 

Key Takeaways:

·      (1:40) Brief update about Jason’s Mom’s post-surgery health & the Cleveland Clinic

·      (5:54) How to handle late rent for long distance self-managed properties

·      (11:55) How to handle long-distance evictions without a property manager using an eviction service

·      (14:49) A special message from Bill Clinton

·      (18:28) Pleasantly surprised by downtown Cleveland

·      (21:23) Moving on to Birmingham and minimalist management styles

·      (26:44) Coming up in mid-late September: Little Rock Creating Wealth Seminar and Property Tour

 

Links:

www.JasonHartman.com

Audio Transcription:

ANNOUNCER: Welcome to Creating Wealth with Jason Hartman!  During this program Jason is going to tell you some really exciting things that you probably haven’t thought of before, and a new slant on investing: fresh new approaches to America’s best investment that will enable you to create more wealth and happiness than you ever thought possible.  Jason is a genuine, self-made multi-millionaire who not only talks the talk, but walks the walk.  He’s been a successful investor for 20 years and currently owns properties in 11 states and 17 cities.  This program will help you follow in Jason’s footsteps on the road to financial freedom.  You really can do it!  And now, here’s your host, Jason Hartman, with the complete solution for real estate investors.

 

JASON HARTMAN: Welcome to the Creating Wealth Show!  This is your host Jason Hartman, and this is episode #389!  Thanks so much for joining me today.  I kind of feel like I haven’t been with you in a while!  At least not directly.  In that we’ve played a lot of interviews with guests and so forth, but not that many where I’ve just kind of been talking to you.  So I’m really glad to just be talking to you today, and going over a bunch of issues.  And I’m actually on the way to the airport.  I’m here in the south, in beautiful Gulf Shores, Alabama, and Mom is with me, she’s taking me to the airport.  The first thing I wanted to say is, since I announced my mom’s medical condition on the show, several weeks back, thank you so much to all of you.  I guess we’ve got a lot of doctors in the audience, so we really appreciate the calls, and the emails, and the advice we got from you, so thank you very much for that, and I’ll give you a little update into what has happened since then.  Here’s mom.  Mom, say hello!

 

Surgery in Cleveland

 

MOM: Hi, everyone.  I just want to say thank you also, for all of the concern that Jason’s audience seem to show about my carotid artery operation, and just want to let you all know that everything turned out terrifically well at the Cleveland Clinic.  That is just a classy place to go, if you have anything wrong.

 

JASON HARTMAN: Good stuff.  I would totally agree; the Cleveland Clinic is an incredible operation.  I was very impressed.  So, with all of that, real estate is kind of in our DNA.  What happened is, I actually flew to Cleveland to meet my mom there, and she drove up there, and, well, I was in Cleveland, we were there for about a week with her recovery and so forth from the surgery, that went very well, as you just heard, and I met with our Cleveland local market specialist, who actually is one that we’ve been working with for quite a while in another market.  He formed an alliance with a group up in Cleveland, and I met with him, and I looked at their properties, and I gotta say, I did not think I would like Cleveland very much.  We have shied away from a lot of the previously blighted markets. 

 

We’re still shying away from the real blighted ones like Detroit.  But, you know, I was pleasantly impressed with Cleveland.  I really was.  It was amazing.  Now, I was impressed with all of the extensive downtown redevelopment projects; I was impressed with the properties, and the cash flow on those properties; I was impressed with the rehab.  Again, we’re working in Cleveland, with the same provider we’ve been working with for many, many years in another market.  So, you’ll hear more about that, and you’ll hear more about his partner in the Cleveland market that’s doing the direct business.  More on that to come.  I did shoot some video, and I’ll share that with you on our YouTube channel, and maybe we’ll even play the audio track from some of that video.  We might even do that on this podcast, time permitting, because one of those audio tracks is really just a conversation, while the other videos are looking at properties, and so the visual helps.  But for the conversation, we can probably just play the audio part of that video on the podcast here today.  And then, mom and I, after looking at Cleveland—oh, mom, you gotta share the funniest thing.  And I was very concerned about you during the surgery, as I was pacing around the waiting room and so forth there at the Cleveland Clinic.  But I knew you were okay when you were in the intensive care unit and you demanded your iPhone, and what were you doing on your iPhone?  I actually took a funny picture of you, why don’t you talk about that?

 

MOM: Well, I had the operation the 2nd or 3rd day of the month—

 

JASON HARTMAN: It was the 2nd, it was July 2nd.

 

MOM: Okay, it was July 2nd.  Anyway, the rents are supposed to be in my bank account on the first day of the month.  So, I was simply calling those that I didn’t think had paid yet, that weren’t registered in my bank to pay their rent, immediately.

 

JASON HARTMAN: I know my mom’s been on a few shows before, everybody, and you’ve heard her talk before.  She’s the—I call it an extreme do-it-yourselfer.  She’s not a do-it-yourselfer; she’s an extreme do-it-yourselfer.  That mansion in which you live, you probably would have built it yourself if you could have.

 

MOM: I could have gotten rid of all of the bad health.

 

JASON HARTMAN: Yeah.  I tell you, building a house is a nightmare project.  So I would never recommend that to anybody.  But you know, that was your childhood dream ever since you saw Gone With The Wind as a little girl.  But anyway, what you do, that I think is kind of interesting—number one, you self-manage all your properties.  You don’t use managers.  And you self-manage from a long distance.  You have properties as far away as about 2,000 miles or so, and then you have closer properties that are within, I don’t know, maybe 60, 80 miles.  Biloxi, Gulfport, that’s where you’ve got one.  You’ve got another one in Tuscaloosa I think, right?

 

MOM: Yes, uh huh.  Those are the closest.

 

JASON HARTMAN: Do you have anything in Mobile, Alabama?

 

MOM: No, uh uh.

 

Dealing with Late Rent

 

JASON HARTMAN: So, those rental properties, what you do that’s interesting, is you have all your tenants deposit the rent into your bank account.  So, you bank with a big national bank, and they’re responsible for going to the bank and depositing the money into your account on the first.  And I remember when you were in the intensive care unit, and this was literally, I mean—look, folks.  I tried to stop her.  I tried to take the phone away.  She wouldn’t have it.  Just, you have to know my mom to understand that.  You’re not gonna stop her from doing anything.  And so, you had a sheet of paper there, and you were looking at the deposits, and you had a pencil, and you were writing down on a sheet of paper which ones had deposited, and you discovered that of all your rental properties, four people had not made their deposit, and you were calling them on your iPhone from the ICU, where they strictly say that you are not allowed to have phones in there.

 

MOM: Well, actually, it was only three people.  The bank had kind of made a mistake on one of the tenant’s deposits; I couldn’t quite recognize it, but they corrected that the next day, and the tenant told me that they had definitely deposited, and they were telling the exact truth.  So it was only three people that hadn’t deposited immediately.

 

JASON HARTMAN: What strikes me as interesting—and again, if you use property managers, you don’t have this opportunity—but I remember listening to you talk to your tenants on the phone, and what strikes me as interesting is how I think that because you have this kind of a personal relationship with them—of course it’s a business relationship, you’re not friendly with them, so to speak.  You’re not getting too close to them, in other words.  But because they know you, and they view you as an actual person, rather than some sort of nameless, faceless institution, I feel that you exert some more pressure over them to get them to pay, and pay quickly.  Do you agree, or have anything to say about that?

 

MOM: I just make it very clear that I cannot tolerate late rent payments when they sign that lease.  And they know that I expect and demand that my rent be paid the first day of the month.

 

JASON HARTMAN: So, tell the listeners kind of how you handle that, and what you say to people, and things like that.  And by the way, folks, we’re gonna cover a lot of other subjects in this show, in this episode, so I’m just going over a few things here that struck me as kind of funny with mom.  But, tell the listeners how you handle that, what you say to them.

 

MOM: Well, I simply call them and say, hi whoever it is on the other end of the line.  I don’t see your rent in my bank deposit yet, and is there a problem, or did you already put it in, or what is going on?  And they tell me what has happened.  And I say, look, you know there’s a $60 late fee if you don’t have the rent in there the first day.  I really do not want your $60.  I simply want your rent on time.  When will the rent be put in the bank?  And they tell me.  And if it isn’t in there on that first day of the month, I say, well, be sure to put in the $60.

 

JASON HARTMAN: For the late fee.  Okay.  And do they usually do that?  Do they cooperate, and put it in?

 

MOM: Yes, most of them all do that.  There is one tenant that does not do that, and all of those $60 late fees will simply be deducted out of their security deposit when they leave.

 

JASON HARTMAN: Okay.  So, now, you did have a problem, though, that was kind of stressing you out on one of your properties.  And this is a long distance property again; it’s about 2000 miles away from you, so, it’s far away, and you actually called up a real estate agent, I think you were called a Century 21 office, and kind of describe for the listeners that whole story.  And that happened this month.  You know, these are unusual, but it happened to happen this month, you happened to be in the intensive care unit at the Cleveland Clinic, which I think is ridiculous that you were doing this, but, I don’t know.  Maybe that’s what keeps you alive, is you have a purpose, you know?  You knew you had to recover from surgery, and recover quickly, because you had to collect your rent.  So, it’s kind of like Viktor Frankl’s Man’s Search For Meaning.  Another version of it.  The modern version.

 

MOM: Well, what happened is that this tenant is now—we’re in the eviction process.  And the tenant had moved in a girlfriend, and he simply didn’t pay.  So, I called a local real estate agent, and I told them the situation, and I asked them to, would they please go over there and just check and see if the place looked like it had been abandoned?  If tenants were still living in there, or what.  Anyway, the gentleman, very nicely did go over there, and—

 

JASON HARTMAN: The realtor.

 

MOM: The realtor.  And as he was there, someone was coming out of the door.  And it happened to be the girlfriend.  And I said, please let me speak with her.  And so, she just took his phone, and took it in the house; the poor real estate guy lost his phone.  He was ready to call the police to get the phone back.  She carried out a ten-minute conversation with me about when they were going to pay rent, and all of the details.  I said, please, now give that man back his phone.  I talked to the realtor—

 

JASON HARTMAN: This is hilarious.  It’s like a reality show, you know?

 

MOM: I talked to the realtor, a few hours later I called him, and said, I wanted his address, I wanted to send him a check for his work in helping me out.  And he refused the check, and he says, that’s just my job, to give really good service to people.  So I thought, that’s a great guy.  And I will certainly go back to him when I need to.

 

JASON HARTMAN: Yeah.  So, the realtors—you know, there’s—what you’ve gotta realize, if you want to self-manage your properties, and if you want to be an extreme do-it-yourselfer like my mother—I mean, the vast majority of my clients, you know, and I’m talking vast, vast majority.  Maybe 95% of our clients, use property managers.  And you know, I do it both ways myself.  Some of my properties I self-manage, and as I’ve said to you on many episodes for a long time now, I was happily, pleasantly surprised that I could do this from a long distance.  I never thought that was achievable.  And for our members, I taught a whole webinar on that topic, and I’ve talked about it on the podcast as well, on prior episodes, about long distance self-management of your properties.  So, there are advantages and disadvantages to each.  What you’re hearing now is from an extreme do-it-yourselfer.  So, good.  Anything else on that?

 

MOM: No, other than the fact that I have now done all of the eviction preparation work.

 

Do-It-Yourself Eviction

 

JASON HARTMAN: So, how do you handle a long distance eviction like that?  Without a property manager?  Tell us what you do.  You go online, you find an eviction service, etcetera—tell us what that’s about, and how it works, and how much it costs.

 

MOM: Well, first off, I do file a three-day notice to pay rent or quit.  Because I know all of the details.  And I then hire a process server, which costs anywhere from $30 to $50 or $60 to get the thing served.  Then you send the proof of service to the attorney.  And you can go online and just Google eviction services.  You always want to get a firm that specializes in evictions.  Don’t get a firm that does every other kind of legal work.  Just evictions only.

 

JASON HARTMAN: Yeah.  So, there are lots of law firms out there.  They are technically law firms, that offer eviction services, that are like an assembly line.  They’re a mill, and they just process evictions, and deal with tenant issues, like crazy.  And one of the things I say when I talk about self-management, is that sometimes, your property managers will actually do this process themselves.  You know, they will go, and they will post a three-day notice right on the door.  Sometimes they nail it right to the door.  And it’s kind of embarrassing for the neighbors to see that.  And they will actually do all of this, and they will handle the eviction, they will show up in court, they will take it all the way through getting your judgment against the tenant, which you can later collect on.  Or, at least, try to collect. 

 

And I’ve talked a lot about that.  A lot of those judgments are a lot more collectible than people think.  In fact, when you were online today, I saw on your computer screen, mom, when you were online looking at eviction services, I saw that there was like a banner add there on that website that said, we want your old judgments.  And so, a lot of these services, and a lot of other people out there, will actually buy these judgments from you.  Now of course they’re gonna buy them at a discount, so if you have a tenant who owes back rent, or has damaged the property, and you’ve got a judgment against them for, say, $2000—I’ve never sold off a judgment like this, but I would assume that these services will buy the judgment from you, and do all the collection themselves for maybe 50, 60 cents on the dollar, depending on how big it is, how collectible it is, etcetera, etcetera.  But you can just sit there with a judgment and wait, and collect eventually too, and those judgments do accumulate interest.  So, this can actually be kind of a good investment, oddly.  And if that tenant ever tries to get an auto loan, or apply for credit somewhere, or someday buy a house, that prospective lender will usually say, hey, you gotta pay off this judgment before we’re going to give you a loan.  So, don’t just assume that because the tenant is broke today, or they’re a deadbeat today—fortunes change, and that won’t stay the same forever.

 

BILL CLINTON: Hi.  This is Bill Clinton, and I want to invite you to hang out with my friend, Jason Hartman, in my hometown of Little Rock.  Jason and his interns, you know I like interns, are having his famous Creating Wealth Seminar and Property Tour here!  So drop everything, including Hillary, and go register at www.jasonhartman.com, right now.  This event is coming up soon, but, as I like to say, it depends on what the meaning of the word ‘is’ is.  See ya there.

 

JASON HARTMAN: So, what else happens in the eviction service?  Tell us about that.  Anything else?  Did you hire the attorney on that one already?

 

MOM: Yes, he sent me a couple of forms to fill out.  And his price for an eviction in Riverside County is $670. 

 

JASON HARTMAN: Now that’s pretty expensive, actually, huh?

 

MOM: The prices went up, I think, about a year ago, or a few months ago.  Because it was usually around $599, something like that.

 

JASON HARTMAN: Boy, I’ve heard of people hiring them for a lot less than that!  I’ve heard of people getting them for $2, $300.  You know, I bet you—and now, those are old properties that are in the Socialist Republic of California.  And I’ll bet you, although I do not know, this is just a guess—that part of that has to do with the fact that California’s such a tenant-friendly state, and it’s just harder to evict people there.  You know, one of the reasons we don’t recommend it as a market.

 

MOM: You know, I don’t know.  In some counties—Los Angeles County has a different price, and I think San Bernardino County has a slightly different price, and Riverside County has a slightly different price.  So it depends on which county you’re operating in.

 

JASON HARTMAN: Have you ever done one—did you do one here in the south, where you’ve got your Southern United States properties?

 

MOM: No, I’ve never done an eviction here.

 

JASON HARTMAN: And your cash flow’s so much better here too.  You’ve gotta—see, my mom’s strategy—look, folks.  Of course your family’s never gonna really listen to you too much.  But now I can say, you should see her expression right now.  Oh, here we go again, rolling the eyes.  But, selling those properties, those properties that she’s had for decades, okay?  From the 70s, 80s, 90s, maybe you bought some in the 90s, I think you did, and selling them on 1031 exchanges, and exchanging those into other properties in more landlord-friendly places, and you know, with much, much better cash flow, that would be a great strategy for you.  But speaking of that, let’s talk about some of the markets we saw.  Because we took a road trip after your surgery; they let you out of the hospital after two days in ICU, and one day, or one night, I should say, in the regular room in the hospital, where we watched fireworks from your room.  And it was pretty good, actually.  Cleveland had, I don’t know.  How many fireworks displays did we see there?  Maybe 13, 15 fireworks displays?  And a beautiful sunset. 

 

The Cleveland clinic is like, a hospital that’s sort of on the swankiness level, almost, as the W Hotel, but with the service of a Ritz Carlton.  I was just totally impressed.  And I know you were too.  And so, we watched fireworks there, and you checked out the next day.  And then we drove around Cleveland.  And number one, that was super impressive.  But then we took a road trip, and we went to Cincinnati, we looked at properties, we went to Birmingham, we looked at properties, we went to Nashville, and then back home to Gulf Shores, Alabama, and then I took off to Dallas to go look at some discounted mortgages, discounted notes.  And we’re thinking of offering that to our investors.  So, we’ll talk about that on a future episode in more detail, but it’s interesting.  Talk a little bit about Cleveland, if you would, mom, and then let’s talk about, maybe the other highlight would be Birmingham.  I’ll talk a little bit about the properties I looked at in Dallas, and then we’ll kind of wrap up here.

 

MOM: I was really, really, really impressed with the city of Cleveland.  I had it in my mind that it was one of these old steel kind of rust belt cities.

 

JASON HARTMAN: A blighted area.

 

MOM: But wow was I impressed.  Downtown—beautiful, beautiful displays of flowers everywhere.  And darling restaurants, and shops.  I just couldn’t get over how lovely it looked!  It was incredible!  And then, the drive that we took along Lake Erie, where all of those big, beautiful houses were—I mean, some of them were just like castles.  I was just blown away.

 

JASON HARTMAN: Those are like the old money—probably old industrial money—homes, and they were very impressive.

 

MOM: But there were also beautiful neighborhoods that, these weren’t castles, but they were beautiful big homes, just one house after another, huge big lawns, everything was green, lots of trees, flowers, just a lovely sight to drive around.

 

JASON HARTMAN: Amazingly, you know, some of these former rust belt cities are really finally getting it.  They’re not doing the idiotic thing, you know, the big government liberal thing, where they drive all the businesses out, like California has been for so many years.  And they’re getting it.  I mean, there are a whole bunch of incentives to move your business to Cleveland.  They’ll give you free real estate, they’ll give you free warehouses.  And I mean, mom, one of the things that just, I couldn’t believe it—you know, we went to the rock and roll hall of fame, we had lunch downtown, we had dinner downtown the night before, at that beautiful restaurant—what was that called?  Blue Nose, or something?

 

MOM: I think it was Blue Point, or Point Blue?

 

JASON HARTMAN: Blue Point, yeah.

 

MOM: And there was a horse with carriage that you could drive around the city with—

 

JASON HARTMAN: There were a few of those, remember?  And remember my dog Coco, who’s in the back seat here—

 

MOM: Oh, there was more than one of them, definitely.

 

JASON HARTMAN: Remember how Coco freaked out thinking that horse is a big dog?  She didn’t know what to think of that.  But, that was amazing.  And, it was so clean, I didn’t see a single homeless person anywhere.  Now, maybe it’s just too cold to have many homeless people.  But it wasn’t cold when we were there, of course, in the summer time, but it is other times of the year, and I mean, I was just amazed.  I did not think it would be that nice.  It certainly wasn’t that nice last time I was there years ago.

 

MOM: And there was one charming area called Little Italy, with all of the tables out on the sidewalks, and the tablecloths, and people eating out in the evening.  It was just totally charming.  I was—I liked it a whole bunch.

 

Birmingham, Alabama, Real Estate

 

JASON HARTMAN: Okay, let’s switch gears, and let’s talk about our next real big property stop.  I mean, we did some others, but you know, these are the major highlights we’ll give you.  And that was Birmingham, Alabama.  Now, we’ve been doing business in Birmingham for a while.  We stayed at that beautiful Weston Hotel in Birmingham, and that whole new area of redevelopment there that was really, really nice.  Shops, restaurants—it was gorgeous.  It was really nice.  Then we went out with our provider who we’ve been working with for a long time.  We saw some of the homes that you, the listeners, our clients, have purchased and rented.  And some that are in escrow, or under contract, I should say, and you know, you haven’t closed on them yet.  We saw some of those, and took some video.  And the thing about Birmingham is that there are different management styles, different rehabbers or local market specialists that we work with have a different style of doing business.  And you know, one of the things I say is that this is a very fragmented industry.  Everybody works a little differently.  That’s what keeps the institutional investors largely out of our business.  I know we’ve been talking about hedge funds, and private equity being in the real estate business.  But, they don’t like it very much, and they’re not really staying in it.  They’re not here to stay.  Because

 

it’s just too fragmented for them.  It’s not easy for them, like other institutional investments that offer lower returns.  But when it’s not your money, your return is not that critical of an issue, okay?  And that’s how they think.  They just get paid to manage capital, right?  So, Birmingham, the key thing there is, our local market specialist there, is what I call the minimalist manager.  And what I mean by that is that these properties are really designed, and the rehab is done in such a way that the property is kind of bulletproof, if you will, where there’s just not that much to break.  And you know, I was thinking about all the properties I own, and have owned over the years, and the things that break, and the things that I get—you know, calls on, or you know, the property manager shoots me an email on, asking me, do I approve this expense to fix this or that.  And I couldn’t believe our local market specialist there, who’s also a property manager.  You know, mom, do you want to talk about some of this minimalist management?  That you, by the way, loved it, okay.  I was a little bit less enamored of it than you.  But the more I think about it, the more I think, gosh, you really could have nearly expense-free properties with this style.  What are your thoughts?

 

MOM: I was impressed.  Because if you don’t have a garbage disposal to fix, or a dishwasher—

 

JASON HARTMAN: You know, they said the actually prefer properties with no garages, and if it has a garage, they usually take the garage door out and just make it a room!  Because it’s less things to break, you know?  There’s never going to be a garage door to repair.  There’s never going to be a garage door opener to repair.  Things like that.

 

MOM: Yeah.  And no microwave oven to replace.  I just love the whole concept of this minimalist type of thing.  It reminded me of houses that were built in Los Angeles in the 1940s.  They didn’t have all of these great, modern improvements, you know?  All of these kitchen packages, the stove, the refrigerator, the microwave, the garbage disposal—that wasn’t in existence in Birmingham.  And those would be great houses.  The rent might be lower, but you’re not going to spend all of that money fixing them up and hiring plumbers to go out there.

 

JASON HARTMAN: Well, the rent really is quite good.  I mean, these are lower middle houses, okay?  And so, the typical deal there that we looked at, where you’ll buy the property for maybe $55-65,000—I mean, there are—this fluctuates, but this is what we kind of looked at that day.  And it will rent for about 1.2% of the value.  Maybe somewhere in that range.  So, your $60,000 property will rent for $800 a month.  And it’s a minimalist deal, so again, the tenant doesn’t have very high expectations.  They get a single family detached home, and they get a yard, front and back, and they get three bedrooms, and one or two baths—

 

MOM: And another nice aspect of those homes is, because they are the older homes, is that they typically have hardwood floors in.  So, hardwood floors are much more desirable than carpets.  And you don’t have to keep replacing the carpets.

 

JASON HARTMAN: Yeah.  A lot less maintenance there.  So, that’s the minimalist style of management.  And what it means—no garbage disposals, no dishwashers, no microwave, no garage, and obviously, no refrigerator, washer, and dryer.  The tenant supplies their own.  And the tenant can treat the dishwasher just like any other appliance.  They don’t, a lot of times, expect a washer, dryer, or a refrigerator.  So, they bring those, and they can bring a dishwasher too.  There are dishwashers that are mobile, that are, you know, not built in.

 

MOM: When I said the rents are lower, they’re not lower in—they’re lower than the rents that you would get in California.  But in relation to the prices that you pay for those houses, you are having positive cash flow!  I mean great positive cash flow.  And the point is that you get to keep most of it, because you don’t have to spend it all in repairs.

 

JASON HARTMAN: Yeah, good stuff.  And we’re gonna be touring, by the way, slated for mid, maybe late September, but our Little Rock Property Tour.  By the time you hear this I’m pretty sure it’ll be on the website at www.jasonhartman.com, so there’s another great market that you can look at.  And I just—we’re kind of running out of time, so I think I’m going to skip telling you about our Dallas tour.  I mean, not ours as a company, but my Dallas tour.  And I’m not gonna tell you about discounted notes, and those kinds of opportunities, in this show, because we’re already at about 30 minutes here.  But I do want to tell you, go to www.jasonhartman.com, join us for our Little Rock Creating Wealth Seminar and Property Tour, and that will be in mid-late September, more details to follow very soon, but you can register and get the early bird pricing, at www.jasonhartman.com, in the events section. 

 

[MUSIC]

 

ANNOUNCER (FEMALE): I’ve never really thought of Jason as subversive, but I just found that’s what Wall Street considers him to be!

 

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ANNOUNCER (FEMALE): And, unluckily for Wall Street, Jason has a unique ability to make the everyday person understand investing the way it should be.  He shows them a world where anything less than a 26% annual return is disappointing.

 

ANNOUNCER (MALE): Yep, and that’s why Jason offers a one book set on creating wealth that comes with 20 digital download audios.  He shows us how we can be excited about these scary times, and exploit the incredible opportunities this present economy has afforded us.

 

ANNOUNCER (FEMALE): We can pick local markets, untouched by the economic downturn, exploit packaged commodities investing, and achieve exceptional returns safely and securely.

 

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ANNOUNCER (FEMALE): If you want to be able to sit back and collect checks every month, just like a banker, Jason’s creating wealth encyclopedia series is for you.

 

[MUSIC]

 

ANNOUNCER: This show is produced by the Hartman Media Company.  All rights reserved.  For distribution or publication rights and media interviews, please visit www.HartmanMedia.com, or email media@hartmanmedia.com.  Nothing on this show should be considered specific personal or professional advice.  Please consult an appropriate tax, legal, real estate, or business professional for any individualized advice.  Opinions of guests are their own, and the host is acting on behalf of Platinum Properties Investor Network, Inc. exclusively.

Direct download: CW_389_-_Cash_Flow_Rental_Properties_in_Birmingham_Cleveland__Dallas.mp3
Category:Podcast -- posted at: 4:59pm EDT

Introduction:

John Lawrence Allen is a securities litigation attorney helping investors recover funds lost through investment fraud or incompetence. He’s a former Los Angeles Deputy District Attorney and author of the new book, “Make Wall Street Pay You Back.”  Allen talks about the dirty tricks Wall Street plays and how average people can protect themselves from Wall Street.

Allen also gives some tips for investors before they invest a large sum of money with an advisor or hedge fund. He also shares how financial advisors can mitigate their risk of fraud.

 

Key Takeaways & Time Stamps:

  • (2:20) John Lawrence Allen: background and history of latest book
  • (3:06) How Wall Street and the investment landscape have changed over the last 20 years
  • (4:06) On the arbitration process
  • (7:34) On the laws not being in favor of the consumer
  • (11:34) A brief message from Bill Clinton
  • (12:13) Causes of action: fraud, incompetence, etc.
  • (17:00) The extraordinarily high commissions on life insurance sales
  • (19:11) How does the investor know what fees are being assessed by financial advisors?
  • (22:08) The length of the FINRA arbitration process
  • (22:55) On “simplified arbitration” for small claims
  • (24:58) Discussion of other types of fraud, beyond incompetence and excessive commission
  • (30:20) Discussion of a managed future deal Jason was pitched on
  • (33:30) Some tips on buying gold: always invest in bullion, never numismatic coins
  • (38:12) Who claims are usually made against
  • (39:42) Jon Corzine, MF Global, & the Insider’s Game
  • (44:19) Bad monetary policy forces people to take inappropriate risks
  • (45:03) Closing statements

 

Links:

www.MakeWallStreetPayYouBack.com.

www.Amazon.com to purchase the book: Make Wall Street Pay You Back

Find out more about John Lawrence Allen at www.myinvestorfraud.com.

 

Bio:

Former Los Angeles Deputy District Attorney John Lawrence Allen represents investors nationwide in securities arbitration. Mr. Allen spent seven years working for two major Wall Street firms and was chief investment officer for two hedge funds. Mr. Allen pens a blog on impactful subjects that affect all of us and is a respected legal expert who provides insightful commentary on national TV, radio and print.

 

Audio Transcription:

ANNOUNCER: Welcome to Creating Wealth with Jason Hartman!  During this program Jason is going to tell you some really exciting things that you probably haven’t thought of before, and a new slant on investing: fresh new approaches to America’s best investment that will enable you to create more wealth and happiness than you ever thought possible.  Jason is a genuine, self-made multi-millionaire who not only talks the talk, but walks the walk.  He’s been a successful investor for 20 years and currently owns properties in 11 states and 17 cities.  This program will help you follow in Jason’s footsteps on the road to financial freedom.  You really can do it!  And now, here’s your host, Jason Hartman, with the complete solution for real estate investors.

 

JASON HARTMAN: Welcome to the Creating Wealth Show.  This is your host, Jason Hartman, and thank you so much for joining me today.  We’ll be back with today’s guest or segment, in just a moment.

 

[MUSIC]

 

JASON HARTMAN: It’s my pleasure to welcome John Lawrence Allen to the show!  He is a securities litigation attorney, helping investors recover funds lost through investment fraud or incompetence.  He’s a former Los Angeles Deputy District Attorney, and the author of a new book, entitled, Make Wall Street Pay You Back.  And of course you know over the years I’ve said with some degree of sarcasm, that Wall Street is the modern version of organized crime, and my Commandment #3 for successful investing is, maintain control, because when you don’t maintain control, you leave yourself susceptible to three major problems.  Number one, and we’re gonna address that during the interview with John today, you might be investing with a crook.  Number two, you might be investing with an idiot.  And so we’ll address those two.  And number three, even if they’re honest, even if they’re competent, they take a huge management fee off the top for managing the deal.  So, we’ll kind of dive into this.  John, welcome.  How are you?

 

JOHN LAWRENCE ALLEN: I’m good.  How are you today?

 

JASON HARTMAN: Good, good.  Well, it’s great to have you.  And just to give our listeners a sense of geography, where are you located?

 

JOHN LAWRENCE ALLEN: My office is in White Plains, New York.  I used to have an office in California and midtown Manhattan, and I’ve now moved out to the Connecticut countryside to work in White Plains.

 

John Lawrence Allen: background and history of latest book

 

JASON HARTMAN: Fantastic.  Well, tell us about your background, and how you came to write the book.

 

JOHN LAWRENCE ALLEN: Well, I wrote my first book, Investor Beware, 20 years ago.  And that was—actually, more than 20 years, I guess it’s been now.  Almost 25 years ago.  And that was the result of having been in the industry.  I spent 7 years on Wall Street, and I invented an arbitraged [unintelligible] program.  That’s how I went into Wall Street.  And I got very, very dissatisfied with the [unintelligible], and the outright unethical activity I saw around me.  And it got so bad that I quit, and I wrote my first book, Investor Beware, to help people protect themselves from the way Wall Street operates.  But over the last 20 years, the entire investment landscape has radically, radically changed.  And the entire way brokers do business has changed.  And if investors aren’t aware of these changes, they may very well end up becoming victims of the Wall Street community.

 

How Wall Street and the investment landscape have changed over the last 20 years

 

JASON HARTMAN: You know, when you say those changes, I don’t know what you’re referring to, so I’ll have you tell me.  but is one of them—one way that I think large corporations really oppress people, is through the commercial arbitration act.  And I know so many years ago in the 90s, when there was a lot of securities fraud in the news—of course, that seems to be an ongoing issue, of course.  And, you know, a lot of people have lost money in the stock market.  They made some new rules—I don’t know, you know, exactly which agency that came out of.  Maybe it was the FCC, or FINRA, I didn’t mean to say FCC, did I say that?  The SEC, the Scoundrels Encouragement Commission, as it’s been called.  But it is—is that arbitration?  Because arbitration, really I think takes away people’s rights quite a bit.

 

On the arbitration process

 

JOHN LAWRENCE ALLEN: Well, that’s an interesting—there’s two sides to that coin.  Yes, they take away people’s rights.  And people don’t know it, but if you have a problem with a broker dealer—that’s, you know, any licensed firm that buys and sells securities for you—if you have a problem with the representative who works at a broker dealer, when you sign your contract with them, you waive your right to a court trial or jury trial.  That means, you don’t get to be in front of a group of your peers, you don’t get to have any of the help that you would get in a court room, or in a civil or jury trial.  That’s the negative side.  But there’s a positive side to it.  The positive side is, you’re gonna go into arbitration, which is significantly less expensive, significantly less time-consuming, and far swifter justice than you could ever get in a court.  Let’s say you win a court case, and what’s gonna happen?  Well, the arbitration—not the arbitration.  Securities firm is going to appeal that matter, and you’re gonna get stuck in court for another couple of years.  On the other hand, if you go to FINRA—Financial Industry Regulatory Authority arbitration—you’re gonna be in front in a case of $100,000 or more, three arbitration judges, who are gonna rule very quickly, and you’re gonna have a result very quickly.  And if you win, they have to pay within 30 days.  You don’t have any of the problems of collecting, or appeal, or the lengthy process that’s involved in the court proceeding.  And there’s one more positive, I find, in arbitration.  That is, if you get into a complex securities case, there are complex issues and facts that the average juror really can’t grasp that well.  But these arbitrators are usually business people, and they have a business background, and they understand wrongdoing when they see it, and they’re not afraid to make an award.  The one thing that is difficult is to try to get punitive damages.  That’s very difficult arbitration.  I’ve attained it more than once, I’ve gotten it, but it’s a difficult road to go, to try to get punitive damages.  And lastly, you don’t have to get bogged down in a motion practice where a wealthy brokerage company with an unlimited pocket can paper you to death with motions and motions to compel and sanctions and hearings and depositions and request remissions and all the discovery stuff that goes on.  None of that’s allowed in arbitration.

 

JASON HARTMAN: I mean, I’ve been in arbitrations.  They have depositions though.

 

JOHN LAWRENCE ALLEN: Not in federal arbitration.  For securities cases.  Yes, in civil arbitration, but if you go into a FINRA arbitration, there are no depositions, there are no request remissions, there are no interrogatories.  You can do a document request, but it’s very limited, which means that you’re gonna save a great amount of time and a great amount of expense, and a great amount of heartache.  So, all in all, oddly enough I actually—when I started, I didn’t like, or I perceived not to like, the arbitration process.  But now that I’ve done it for so many years, I think that it’s a good methodology to get swift justice.

 

JASON HARTMAN: Okay.  Well, I don’t want to belabor that one, because it’ll take away from sort of the crux of our discussion, but it’s good to hear your point of view on that.  So, the thing you were saying, in terms of the laws not being in favor of the consumer, in this case the investor, is no jury trial, and what was the other one?

 

On the laws not being in favor of the consumer

 

JOHN LAWRENCE ALLEN: No court trial.  No judge—

 

JASON HARTMAN: Okay, no court trial at all.  So, arbitration.  But, were there any other things you wanted to mention there, before I got you on this tangent of arbitration?

 

JOHN LAWRENCE ALLEN: Well, I just—I think that the cost effectiveness is so overwhelmingly in the—you know what it does?  It puts you on an even footing with someone who has an unlimited budget, which you can’t do in litigation unless you’re willing to spend the money to ante up.  But in arbitration, you’re on an equal footing with your opponent.  And if you have a competent, skilled, highly qualified and knowledgeable attorney who knows the ins and outs of FINRA arbitration, you’ve got a long way towards getting your money back.

 

JASON HARTMAN: So, that may be different—and again, I don’t want to belabor this arbitration point too much, because there’s other issues, of course.  But, it sounds like it’s better, with a FINRA situation, for people that have been defrauded, just lost money because of incompetence on Wall Street.  But in a typical arbitration, those arbitrators—I think, I’m pretty sure, they really lean toward the person who put the arbitration clause into the contract, because they view them as repeat customers, and we’ll call it part of the vast Wall—the vast arbitration conspiracy.  It blows my mind that AAA, the American Arbitration Association, is actually a nonprofit organization.  The fees are enormous.  And we all pay taxes to have a public court system.  And listen, I’m no fan of prolonged litigation, or litigation at all, but gosh, why do you have to pay for a private court, which in the typical arbitration, probably not FINRA, with what you explained, acts, in my opinion, as a bit of a kangaroo court—especially the fact that these things are confidential.  And you get these real estate developers that develop these condo properties and so forth, and you know, they all put arbitration clauses in their contracts.  And you can’t do a litigation search on them before you, say, buy a property, to see if they’re a bad apple, if they’ve been sued by hundreds of investors!  It’s all hidden from public view.  And that just makes me think of a Third World, Banana Republic country where they’ve got these kangaroo courts, and you know, our whole system is based on transparency.  At least that was the original idea of it.  So, that’s my bone to pick with arbitration.

 

JOHN LAWRENCE ALLEN: Well, you raise a good point.  And I would tend to agree with you.  Up until a couple years ago, arbitration had two panel members that were public, and one who actually came from the industry, and it was in many cases biased in favor of the arbitration people, meaning the broker dealers.  And I think the statistics, not from me personally, but the statistics generally bear out your concerns.  People don’t do all that well in arbitration.  They win about half their cases, and of the cases they win, they win about half the money they got back.  So, I don’t put that as good odds.  That’s not been my experience, but I am very selective in the cases I take, and I put in a great deal of time to win these cases.  I understand that you’re not gonna get money from three business people unless you can find a way to emotionally connect your client with them.  if you can’t find a way for them to care about your client, they’re not gonna give you anything back.  But if you can find a way to develop the cast to find an emotional connection—something that touches them, they’re gonna be far more willing to knock the arbitration—when I say, to go after the broker dealer for fraud.

 

JASON HARTMAN: Let me take a brief pause; we’ll be back in just a minute.

 

A brief message from Bill Clinton

 

BILL CLINTON: Hi.  This is Bill Clinton, and I want to invite you to hang out with my friend, Jason Hartman, in my hometown of Little Rock.  Jason and his interns, you know I like interns, are having his famous Creating Wealth Seminar and Property Tour here!  So drop everything, including Hillary, and go register at www.jasonhartman.com, right now.  This event is coming up soon, but, as I like to say, it depends on what the meaning of the word ‘is’ is.  See ya there.

 

[MUSIC]

 

Causes of action: fraud, incompetence, etc.

 

JASON HARTMAN: Let’s talk about what are some of the causes of action.  I mean, of course fraud is one of them.  But you also mentioned incompetence, and when someone has a securities claim, whom is the claim directed at?  You know, you’ve got the advisor who works at Merrill Lynch, which in my opinion, or whatever firm, I’m just saying Merrill Lynch because they’re big.  But they can work at any firm; Ameriprise, Merrill Lynch, whatever, okay, and I tend to find those advisors are usually just slick salespeople who wear nice suits, okay?  Nothing more than salespeople.  They have cursory knowledge.  Very little real depth of knowledge, usually.  Of course I’m making a generalization here, and I apologize to those smart, great, ethical good brokers out there, because there are some.  But you’ve got the broker, you’ve got the investment banker, you’ve got the firm.  Who are you really—you’ve got the company.  There are so many layers to this.

 

JOHN LAWRENCE ALLEN: Well, let’s talk about that for a second.  People don’t know that you can hold a brokerage firm and its registered representative—that’s the stock broker who provides you with a recommendation—for giving bad advice.  People think, well, that doesn’t sound right!  If he gave me bad advice?  I mean, if I get advice, and the stock doesn’t do what he thought, how can he be responsible?  And the corollary, or the answer to that, is this.  Under the FINRA guidelines, and the Securities and Exchange Commission guidelines, brokers are required to know your risk tolerance, time horizon, financial goals, and anything that can affect your capacity to invest.  That means if you’re employed, unemployed, medical problems, but mostly, what they have to do is they have to match the correct product with your goals, objectives, risk tolerance, and time horizon, so that they make a recommendation that’s suitable for you.  So, if you’re 35, and have a good job, and you want to take some risk with having 70, 60, 75% of your money in the stock market, probably not bad.  The opposite of that is, what if you’re 65 or 70, and you’re retired, and living on your retirement assets, it would not be appropriate for a broker to recommend that you buy a highly speculative stock, or that you have 70 or 80% of your investments in equities, and stocks!

 

JASON HARTMAN: They seem like they do a pretty—I mean, I’m sure there are brokers out there that do that kind of stuff, but it seems like they do a pretty good job of making all the appropriate disclaimers, and you gotta sign a mountain of paperwork that of course is all written in their favor, and has a zillion disclaimers, and a lot of legalese—I mean, don’t they pretty much cover themselves on that type of stuff usually?

 

JOHN LAWRENCE ALLEN: The paperwork covers them perfectly fine.  But that doesn’t relieve them from their obligation.  A broker that makes a recommendation to a customer has a fiduciary duty to that customer to put the customer ahead of the broker.  So, let’s say I have a client who wants to make an investment of a couple hundred thousand dollars, and I want to put them in what quote is a suitable investment, based on what they’ve told me about themselves.  Unless they put it in a suitable investment, I can make, let’s say, $200,000 investment, maybe I can make $100, $150 in fees.  However, if I put them in something that the brokerage company is promoting, or pays a double commission, or is highly speculative, I might be able to charge them significantly more.  Let’s say $1000.  So, if I can make $1000 on a improper or unsuitable investment, and $100 or $200 on one that’s suitable, that puts in kind of a trap for the broker to say to themselves well you know, I’m really gonna forgo that extra 800 bucks I’m gonna make on this transaction and do what’s right for my client.  How many people have the ethical and moral heart to do that?

 

The extraordinarily high commissions on life insurance sales

 

JASON HARTMAN: Not a lot of people, certainly on Wall Street.  Not a lot.  And you know, when you say that, it reminds me of two investments that are really just laden with heavy commissions, from what I understand.  One of them is oil and gas, and another is life insurance.  The fact that life insurance is even kind of promoted as an investment bugs me in some ways, although the needle might be moving a little bit, for me, on that.  But still, I just think it’s insurance.  You know?  But those—I mean, some of these things have extraordinarily high commissions.  I mean, I’ll give you an example of one.  One time a life insurance guy came into my office, and he wanted to market his life insurance products as an investment to my investors in my real estate firm.  And he slapped down literally a copy of some checks that he earned on some policies that he sold.  And one of them was like a $7 million life insurance policy.  And I’m not gonna get this exactly right, because I don’t remember, but the check was for like $250,000.  I mean, it was insane, how—he says, look, I could split this with you.  I’m like, well don’t I have to have a license or something?  And he says, well, there’s a way around that.  We’ll reclassify the fee.  And obviously I didn’t do any deal with him, but I mean, some of these commissions on these things are just extraordinary.  On these oil and gas deals?  I hear that some of them are like half of the investment amount!  You know, if they get an investor to put $100,000 into some oil and gas deal, the salesmen will make 50 grand!  Whoa!  That’s crazy!

 

JOHN LAWRENCE ALLEN: Yep.  That’s true.  And in fact, if you want to go back a little bit further in time, there was a period in the late 80s and middle 90s where Prudential [unintelligible], which, you know, the rock solid, sold 400,000 of its customers $8 billion in phony partnership deals.  And those deals, they were making 30, 35, and 40% off the top before the customer saw a single dime.

 

JASON HARTMAN: Unbelievable.  That’s just—that’s just crazy.  So, is—so, okay.  So, the broker, or the investment advisor, with a registered rep—I don’t know exactly what to call them—but, they steer the investor into something that’s not as good for them, that obviously pays them a higher fee.  Right?  So, that’s one form of—that’s one actionable thing.  Now, how is the investor ever going to find that out though?  How does the investor know what the menu of fees is for the things that that advisor has to steer them into, available to them?

 

How does the investor know what fees are being assessed by financial advisors?

 

JOHN LAWRENCE ALLEN: Well, that’s a very tough question.  And that’s a very good question.  And the reason is because on a lot of these products that they’re selling a product, the commission’s in the product, and the customer will never know.  So, on that $200,000 example, if the broker makes $5000, you know, a 2½% fee, and that’s in the cost of the $200,000, that means that really 195 of your money actually ever went into the investment.  And there’s no way you can know, unless you read the prospectus, or you ask the broker.  They’re certainly not gonna volunteer and tell you, oh yeah I’m gonna make 5 grand on this break.  And also, that also happens on principle transactions.  If you ever buy a stock or a bond, most bonds are sold on principle transactions.

 

JASON HARTMAN: What is a principle transaction?  What does that mean?

 

JOHN LAWRENCE ALLEN: A principle transaction is where there’s no commission charge.  The fee is in the price of the bond.

 

JASON HARTMAN: Alright.

 

JOHN LAWRENCE ALLEN: So, as an example, if I call up my broker and say, you know, I want to get a 10-year bond, and let’s say you can get a 10-year bond for 2.3% return per year over the 10 years.  So, you buy the bond with this 2.3%.  You don’t know what the brokerage firm picked that up for.  Let’s say they picked it up for 2%, and they charge you 2.3.  That difference in that spread is an enormous markup.  It could be many thousands of dollars.  So you just don’t know in a principle transaction, and that’s another way brokerage companies can—in fact, I’ve gotta case right now, I have a lady who had a very, very, very substantial portfolio, many millions of dollars, and she was charged over $3 million in markups and fees on bond transactions, and she never knew it, over the course of a 6-year period.

 

JASON HARTMAN: Wow.  Wow.  So, $3 million in fees and markups on what—

 

JOHN LAWRENCE ALLEN: On municipal bond transactions.  The safest most conservative of all transactions.

 

JASON HARTMAN: Right.  Yeah, right.  And I’ll tell you something.  If you ask me, a lot more municipalities are gonna be filing bankruptcy in the future, because there are so many of them underwater.  Of course we’ve seen that with Detroit, Vallejo, California, some others.  But very interesting.  So, $3 million in fees—that is unbelievable!  What was the principle investment though?  I’ve gotta have some comparison.

 

JOHN LAWRENCE ALLEN: She had $30 million in municipal bonds.

 

JASON HARTMAN: So, 10%.

 

JOHN LAWRENCE ALLEN: In a laddered portfolio that never should have been touched, that had never been—not that—there should not have been any transactions, and in 6 years they traded $120 million with the bonds in her portfolio.

 

JASON HARTMAN: Unbelievable.  That’s just insane.  So, she’s in process, right?  Did you recover for her yet?

 

JOHN LAWRENCE ALLEN: We’re in the arbitration process now.

 

JASON HARTMAN: How long does that take, when it’s a FINRA arbitration?  What’s the length of that process?

 

The length of the FINRA arbitration process

 

JOHN LAWRENCE ALLEN: Somewhere between 11 and 14 months, on average.

 

JASON HARTMAN: Okay, alright.  And, what is the amount of money—I mean, obviously that’s a large client with some big money you’re talking about, in terms of the investment size, and the investment losses.  But, how much does someone need to lose in order to make going to a FINRA arbitration worth it?

 

JOHN LAWRENCE ALLEN: Well, that’s a good question.  I would answer that in twofold.  First of all, anybody that wants to seek help should only hire an attorney that would be willing to work on a contingent fee so they don’t end up spending a lot of money trying to get back their losses.  That’s item one.  Two, there are different levels of arbitration.  FINRA, within the last year and a half, has established a new type of arbitration called small claims.  They call it simplified arbitration.

 

On “simplified arbitration” for small claims

 

JASON HARTMAN: Oh, that’s great.  Like small claims court kind of idea.

 

JOHN LAWRENCE ALLEN: Kind of, but a little different.  And that would—for FINRA, small claim is any loss below $50,000.  And if you have a loss below $50,000, you don’t—and you go into this simplified arbitration, you don’t even have to appear at a hearing.  You submit the entire claim, on paperwork; the respondents, the broker dealer, file an answer, and one arbitrator makes a ruling without you ever having to appear.  So it saves you testimony, litigation cost, travel expense, hearing fees, expert testimony.  It’s all done in the pleas.  Now, you don’t have to do it that way.  If the case is $50,000 or smaller, you have a one party, one arbitration chairperson, that’s it.  You don’t have a panel of three.  You have a panel of three above $100,000.  So really, I would say anybody that loses $10,000 or more, even $5000 or more, it’s certainly worth it to pursue it.  I don’t think you’d probably get many attorneys to handle a $5000 case.  But I’ve developed a methodology to help people with cases between $10 and $50,000, which is on my website, and I take them into the small claims arbitration process, and the whole thing can be done for very, very little money, and the best part is, unlike regular arbitration, small claims are usually resolved in 7 months or less.

 

JASON HARTMAN: Excellent.  So give out your website if you would.  That’s a great resource, thank you.

 

JOHN LAWRENCE ALLEN: Well, my website is the same as my book; the book is Make Wall Street Pay You Back, and the website iswww.MakeWallStreetPayYouBack.com.

 

JASON HARTMAN: www.MakeWallStreetPayYouBack.com.  And you’ve got the small claims information on there, which is fantastic.  But then also, for larger losses, they can hire you, or another attorney?

 

JOHN LAWRENCE ALLEN: Correct.

 

Discussion of other types of fraud, beyond incompetence and excessive commission

 

JASON HARTMAN: Okay, good.  So, talk to us more about some of the other types of fraud out there.  there’s incompetence, there’s, I guess I’ll call it steering to the product that pays the highest commission.  What else is there?

 

JOHN LAWRENCE ALLEN: Well, beyond the suitability issues, which are very numerous, and that expands a lot of things that brokers might do.  They might put you in—there’s an example, as I said before, if you’re 70 years of age, you probably shouldn’t be in a 75% stock portfolio.  On the other hand, if you’re 75 and they put you on 100% in one investment, and over-concentrate you, that’s not correct, that’s not suitable either.  So, it really doesn’t matter what age you are.  if a brokerage company takes all your money and puts it in one investment, that’s clearly unsuitable, because if that investment goes down—even Apple, as an example.  People do fabulous in Apple, but Apple also had, about six months ago, a 300-point drawdown.  And if you had all your money in Apple, you’re hurting!  So, that’s another thing they do.  Also churning.  Churning is where a broker makes excessive buys and sells in your account, without an interest in making you profits, the broker’s interest is in getting as many commissions as they can from your account.  And what’s interesting is in a churning case, you could actually—I’ve had cases in churning where the client never knew the account was churned, because they didn’t lose any money!  The account was churned for a couple years, they ended up—you know, the stock market was up 30% over a two-year period and their account was flat.  They couldn’t understand why.  And when I dived into it, I found out, well, it was flat because $200,000 in commissions were paid over that period, and if you hadn’t had the $200,000 in commissions, you would have been up 200 grand, and you would have been up pretty much where the stock market was.  So, if a broker exercises control over the account, and buys and sells excessively to generate commissions, they churn your account, and that’s actionable.

 

JASON HARTMAN: So, in other words, you don’t have to have actually lost money in the aggregate.  You could still have an investment.  Your portfolio could still be up.  But just because of the malfeasance of the brokerage firm, or the individual broker, you could have lost money through churning—now, the churning thing, is that as big as a deal anymore?  Because it seems like the industry has moved to a model of managed money, where all they’re really doing is, you give them $100,000, and they’re charging you, you know, 2% a year, or whatever the number is.  And you’re not really paying for trades.  But, one of the scams is, a lot of times, you’re paying in multiple layers!  So, you’ll give the guy sitting at Merrill Lynch your $100,000, and he’ll say, well, I’m gonna charge you 2% a year, or whatever the number is, and so, he doesn’t make money on churning per se, but then what he does is he goes and he puts your money into a bunch of other funds like mutual funds where they’re making money inside that fund too, because of all these management fees.  I mean, that’s just, wow.

 

JOHN LAWRENCE ALLEN: Well, you’re absolutely correct.  And that is—and that’s one of the things I had to cite in the book.  The methodology on Wall Street has shifted from a commission-driven business to an asset-gathering business.  So, the churning claims are down dramatically.  They’re not out.  And the reason they’re not out is because there are products called managed futures.  And most of these managed future products really don’t exist to have the customer make money.  They exist for the broker dealer to reap huge commissions from buying and selling at a high velocity commodities.  And, what’s interesting about these managed futures, is most of them have a program in which, let’s say you give somebody 50 grand.  And let’s say they have a hot hand and their managed commodity accounts have doubled, and you go up from 50 to 100,000.  The prudent thing to do would be to pull your 50 out and play with their money.  But that’s not what they do.  What they do is, if you go to $100,000, they merely double the amount of contracts they’re trading, so they can generate double the commissions.  So, if you had a $50,000 account, and you were doing, let’s say, five contracts in a trade, and you now have $100,000 account, they double that, they go to 10 contracts.  Let’s say you make an incredible profit, you go to $200,000. Your 50 has grown to 200.  Well, you’re now gonna go from 5 to 20 contracts.  Which means that even the smallest move, after those enormous profits, will wipe out all your gains in a very short time.  Classic example of that is long term capital, which made 30, 35, 40% a year for three years, and then in six weeks, wiped out not only all of the gains, but the $4.5 billion that was still there.  Totally wiped it out when the commodity markets went the wrong way.

 

Discussion of a managed future deal Jason was pitched on

 

JASON HARTMAN: Wow, unbelievable.  Hey, can I run something by you that I was pitched on?  I actually had the guy on one of my shows, and it sounded pretty good…it’s a managed future deal, and I just wanted to see what you thought of it.

 

JOHN LAWRENCE ALLEN: Sure.

 

JASON HARTMAN: I didn’t do this investment; at least not yet.  But, the guy was pretty convincing, I have to tell you.  And so, he works in Chicago, and you know, is on the floor of the exchange there, and the big pitch is that Japan, which most of us know is massively in debt, the whole country is just in a mess.  I mean, the US is too, but the US has the reserve currency, and you know, some different circumstances, obviously.  And the pitch is that Japan will default on their debt, and what you should do is over a 5-year plan, with a $30,000 minimum investment, let me buy options on this debt, that it’ll default.  Let me short the Japanese debt.  It’s just saying, it’s gonna default at some point.  And there will be what’s called option decay.  Now, granted, I don’t have a big understanding of this.  I’m just a consumer.  But there’s something called option decay, and as the option decays, what he’s basically doing is over the course of five years, using $500,000 per month of your $30,000.  I think—I don’t know the math on that.  Yeah, 60 months.  500 a month.  To pay for option decay.  But at some point in that 5 years, there’s gonna be a default, and you’re gonna win, you’re gonna make money.  That’s the prediction.  Of course it’s a prediction.  What do you think of that?

 

JOHN LAWRENCE ALLEN: Well, that’s a long-term bet, and I guess the thing I’d be most concerned about would be, do they have the—I presume this is not an exchange-traded fund?  If it doesn’t trade at any known stock exchange or commodity exchange, you have to worry about the counterparty risk of the person, should they do what they claim it’s gonna do, are they gonna be able to pay you?  And a lot of these counterparty risk cases that have come up during the 08, 09 crisis when a lot of off-market contracts were traded, and they couldn’t make good when the unlikely event occurred, like AIG, which was betting on collateralized debt obligations, they said, oh, no country’s ever gonna go into bankruptcy.  No, we’re not really gonna have to worry about that.  And lo and behold, Greece goes into bankruptcy, and AIG almost went under!  Took us close to a trillion dollars to bail out AIG, which I think was a big mistake.  But there was a counterparty who couldn’t pay!

 

JASON HARTMAN: Maybe the concept is a winner.  Maybe it actually works.  But then the counterparty just defaults, and they can’t pay you.

 

JOHN LAWRENCE ALLEN: Yeah, that’s why I try to stick with anything that’s exchange listed.  So then at least I know they’re going through a well known New York stock exchange, the COMEX, the NASDAQ, and there’s some third party who’s trying to make sure that they’re gonna honor their margin requirements.

 

Some tips on buying gold: always invest in bullion, never numismatic coins

 

JASON HARTMAN: Good.  Okay, good point, good point.  Okay, what else should people know?  Do you want to talk about any other types of investments?  I mean, maybe you want to mention just quickly maybe gold?  I know that that’s not a huge market, but we touched on oil and gas.  If, you know, you want to mention any other alternatives.

 

JOHN LAWRENCE ALLEN: Well, I think for gold, my suggestion would be, anybody who wants to invest in gold, I don’t have a problem with them investing in gold.  I do have a problem in how they do it.  I don’t think anybody who wants to own gold should ever use leverage, options, or margin.  They should only buy it for cash.  They should take delivery, they shouldn’t allow any third party to store their gold, and they should only buy gold from a reputable dealer who’s been in business over 10 years, and then finally, only gold bullion, not numismatic coins which are supposed to have great asset value.  And when I say bullion, I mean a Canadian maple leaf, an American gold eagle, you know, a South African Kruger rand, an Austrian krone, some well known gold bullion that’s difficult to make in a, what I would call a forged or dishonest way.

 

JASON HARTMAN: Right, right.  A lot—the scams and the numismatic market are rampant, and every gold dealer, when you call them up, you know, a lot of times they’re advertising on the radio, and they’re promoting the concept of gold or silver or platinum or palladium, and they’re talking about bullion.  But when you call them, they try to up sell you to numismatic coins, because they’re just much higher margins.

 

JOHN LAWRENCE ALLEN: Tremendous, tremendous margins.  You’re talking sometimes 30, 40% margin on a numismatic coin.

 

JASON HARTMAN: Right.  But you know, that’s not a security necessarily.  I mean, are you talking about—see, I think the only way someone should invest in gold, or precious metals, is in the way where you actually take possession of it.

 

JOHN LAWRENCE ALLEN: I agree.

 

JASON HARTMAN: You’re talking about inside of a fund, right?  I mean, you’re not talking about—I mean, there’s—there are frauds where people actually take possession, and they find out the metal is fake.  But I don’t think that’s super common, probably.

 

JOHN LAWRENCE ALLEN: Those are very, very rare.  And those are usually not government-sponsored products like American eagles or maple leaves from Canada.  And, they’re usually sold by disreputable dealers.  But if you buy gold from a reputable dealer and have it shipped to your home, put in a safety deposit box, or bury it somewhere, that’s the safe way.  You don’t want to have them tell you, oh, we’ll store it for you.  No, you want your gold, if you’re gonna buy gold.

 

JASON HARTMAN: I agree with you.  The point of that types of investing is to be in possession of it.  absolutely.  And I just can’t believe the people that go for these deals where they say, oh, they’re gonna store them in a vault in Switzerland.  Yeah, right.

 

JOHN LAWRENCE ALLEN: And another thing now—another section of my book, Make Wall Street Pay You Back, is, as you said very early on, we’re no longer a commission-driven business; we’re a management business, where they grab their assets and send them out to management.  That adds a layer of protection to the broker dealer and the registered representative, the stockbroker.  However, that doesn’t stop them from still having to make a suitable recommendation to this manager.  So, when you go to a broker dealer and you give them your assets, and they agree to manage them, and they’re not gonna charge you a commission, they’re gonna charge you a percentage of the assets you have under management, you need to be sure that whatever manager they hire, that that manager is—and the manager style—is in keeping with your goals, objectives, risk tolerance, and time horizon.  You don’t want to go into an all equity small cap microcap fund, if you’re trying to invest in what is supposed to be on the stock investing side, a more conservative portfolio.  And also, you want to be sure that the style of that manager doesn’t involve, unless you’re willing to take that risk—you know, I’m not saying risk is bad.  You just need to know about it, make an informed consent about it, and be willing to accept it.  But you need to be sure that that style of that manager is in keeping with your risk assessment.  Because, if you don’t want to take a lot of risk, then you can’t have options, derivatives, or futures, or leverage, employed by that manager.  So you need to know the style, and the type of investments, and where they’re gonna make those investments.

 

Who claims are usually made against

 

JASON HARTMAN: Toward the beginning of the show I talked to you about all the different layers of this onion, and how, who are you really—who is your claim against?  We’ve talked about registered reps, brokerage firms.  What about the other people in the food chain?  And then, all the way up to the actual company, whose stock you own.  In the board of directors, and the CEO, and the CFO, and the CTO—all of these guys are just skimming off the top.  I mean, the Dennis Kozlowskis of the world, and all the rest of them.  I mean, there’s a lot of fraud going on at that level too, where, you know, the brokerage firm could be okay, the rep could be okay, but the actual company whose stock you own, do you go after them too?

 

JOHN LAWRENCE ALLEN: Well, I try to make a rule not to go after anybody who has a questionable pocketbook to recover from.  Generally—

 

JASON HARTMAN: Oh, right.

 

JOHN LAWRENCE ALLEN: Generally, when there is a corporate crime, or a corporate fraud, most of the time, not always, most of the time, there aren’t assets sufficient to recover for the shareholders.

 

JASON HARTMAN: Because they’ve sucked it all out of the company, and the company’s basically an empty shell.

 

JOHN LAWRENCE ALLEN: Exactly.  Madoff, or Enron, or Delphi, you know, if we were to go back a few years to all of the security problems going on.  But interestingly enough, if you do it at a grand enough scale, you get to walk away scot-free and you don’t even go to prison.

 

JASON HARTMAN: It’s unbelievable.  Yeah.

 

Jon Corzine, MF Global, & the Insider’s Game

 

JOHN LAWRENCE ALLEN: A perfect example is Corzine, who was the governor of New Jersey—

 

JASON HARTMAN: MF Global.

 

JOHN LAWRENCE ALLEN: And Jon Corzine.  And he was a huge donator to the Democratic Party, and a big supporter of Obama, and he took over a company, MF Global.  And they were just a plain bread and butter vanilla commodity broker.  They bought and sold commodities, they made, you know, a few pennies off of the buying and selling of these commodities.  Well, he didn’t think that was enough money.  So he went and made a multi-billion dollar—I think 3.6, to be exact—billion dollar bet on the debt of other countries and companies.  And that bet went awry.  Very badly awry.  And Corzine went in, and he claims he did not do this.  He claims he didn’t know.  But under his supervision as the chairman of the company, they invaded the assets of their own clients, and stole $1.3 billion of assets from their clients to cover their bad bet.

 

JASON HARTMAN: And that’s Jon Corzine, and $1.3 billion, that’s billion with a ‘b.’  Not million—billion, okay?  Huge.

 

JOHN LAWRENCE ALLEN: Correct.  Took it out of their clients’ accounts.  They got caught, they had to return what money they could find, he paid a fine, and he walked away without going to jail for committing absolute grand larceny on a monster scale.

 

JASON HARTMAN: Un-fricking-believable.  I mean, this is so disgusting.  It’s just—it’s just disgusting!  And it’s amazing to me, like, one of the things I tell my listeners is, don’t trust resumes.  Ken Lay, with Enron—he was buddies with George Bush, okay?  I’m sure the pictures were all over the company for people to see when they came in.  Bernie Madoff was president of NASDAQ.  Jon Corzine was governor of New Jersey!  I mean, your resume doesn’t get much better than any of those, right?

 

JOHN LAWRENCE ALLEN: Oh, absolutely.  And let’s add to the list Mr. Mozilo, who was the chairman of Countrywide, who got bought out by B of A, and he was one of the large perpetrators of the entire mortgage debacle, and people lost billions, maybe even trillions, and he walked away scot-free and he, he had his “friends of Mozilo,” who got mortgage—well, I should put it this way.  Members of Congress and the Senate, who got special mortgages from Countrywide at highly reduced rates, because they were friends of Mozilo.  And he walked away scot-free.

 

JASON HARTMAN: It’s just a total insider’s game.  That old question, you know, when the broker takes his buddy down to show his buddy his new yacht, and his friend says, where are all the clients’ yachts?  You know?  It’s an in—that’s what people have to understand.  Wall Street is an insider’s game.  And the insiders are the ones who get rich, because the insiders have all the connections, and they basically make the laws.  Because they have lobbyists, they have lawyers, they have PR firms, they have accounting firms, and the game is just so stacked against the investor, I don’t know why the general public is still playing in this field.  They’re totally outgunned!  And then you look at Michael Lewis and his great new book, Flash Boys, which I’m sure you’re familiar with—I mean, are these—Goldman Sachs—are they just a totally criminal organization too?  Probably.  I don’t know.  It sure seems like it.  It’s just unbelievable.  I mean, in Flash Boys, which I highly recommend, Michael Lewis talks—he just profiles all of these companies that are like, getting in line to do this high frequency trading, where the speed of light is not even fast enough anymore, at 186,000 miles per second, and all the people profiting from all of this stuff in the food chain, it’s beyond despicable.  It’s totally rigged.

 

JOHN LAWRENCE ALLEN: It’s very difficult.  It’s a hard game to play.  But, the other side of the coin is, with the Fed maintaining these totally illusionary, 0% interest rates—

 

JASON HARTMAN: What else can you do?

 

JOHN LAWRENCE ALLEN: Everybody’s having a hard time trying to make ends meet, and they’re forced, almost, to go into the stock market.

 

Bad monetary policy forces people to take inappropriate risks

 

JASON HARTMAN: Yeah, they’re forced to do—see, this is—bad monetary policy like we have, forces people to take inappropriate risk!  Because they can’t get any yield in their bank account.  And it’s so sad to see the people that are older and have really done the right thing all their lives.  You know, they saved money, they planned for the future, they delayed gratification, and now they got a few bucks.  It’s sitting in a bank account, being destroyed by taxes and inflation, especially inflation, which, you know, is higher than what the government would have us believe, and they just can’t get any yield.  So, they go in, and they play with the stock market, and, you know what happens.  I mean, that’s your business.

 

JOHN LAWRENCE ALLEN: Yes.

 

JASON HARTMAN: Yeah.  It really—

 

JOHN LAWRENCE ALLEN: Sad but true.

 

Closing statements

 

JASON HARTMAN: Yeah.  It really is sad.  Well, this has been a fascinating discussion.  A lot of people tell lawyer jokes, but I’m glad there are lawyers out there who really help people get some justice.  And one of them is you, so, thank you for doing that.  And give out your website again.  Of course the book is onwww.Amazon.com.  I definitely encourage people to read it: Make Wall Street Pay You Back.  The website is the same name, right?

 

JOHN LAWRENCE ALLEN: Yeah.  www.MakeWallStreetPayYouBack.com.  There’s also a section in the book about arbitration, what it’s like, what you have to know, what it’s like to go through one, so people won’t feel so nervous about going through the process, and realizing that they have rights, they ought to stick up for their rights, and not be afraid to pursue even Merrill Lynch or Morgan Stanley or Goldman Sachs.

 

JASON HARTMAN: Good.  Good stuff.  Well John Lawrence Allen, thank you so much for joining us today.  This has been very informative.

 

JOHN LAWRENCE ALLEN: Thank you very much, Jason, and I appreciate the time.

 

[MUSIC]

 

ANNOUNCER (FEMALE): I’ve never really thought of Jason as subversive, but I just found that’s what Wall Street considers him to be!

 

ANNOUNCER (MALE): Really?  How is that possible at all?

 

ANNOUNCER (FEMALE): Simple.  Wall Street believes that real estate investors are dangerous to their schemes, because the dirty truth about income property is that it actually works in real life.

 

ANNOUNCER (MALE): I know!  I mean, how many people do you know, not including insiders, who created wealth with stocks, bonds, and mutual funds?  Those options are for people who only want to pretend they’re getting ahead.

 

ANNOUNCER (FEMALE): Stocks, and other non-direct traded assets, are losing game for most people.  The typical scenario is: you make a little, you lose a little, and spin your wheels for decades.

 

ANNOUNCER (MALE): That’s because the corporate crooks running the stock and bond investing game will always see to it that they win!  Which means, unless you’re one of them, you will not win.

 

ANNOUNCER (FEMALE): And, unluckily for Wall Street, Jason has a unique ability to make the everyday person understand investing the way it should be.  He shows them a world where anything less than a 26% annual return is disappointing.

 

ANNOUNCER (MALE): Yep, and that’s why Jason offers a one book set on creating wealth that comes with 20 digital download audios.  He shows us how we can be excited about these scary times, and exploit the incredible opportunities this present economy has afforded us.

 

ANNOUNCER (FEMALE): We can pick local markets, untouched by the economic downturn, exploit packaged commodities investing, and achieve exceptional returns safely and securely.

 

ANNOUNCER (MALE): I like how he teaches you to protect the equity in your home before it disappears, and how to outsource your debt obligations to the government.

 

ANNOUNCER (FEMALE): And this set of advanced strategies for wealth creation is being offered for only $197.

 

ANNOUNCER (MALE): To get your creating wealth encyclopedia, book one, complete with over 20 hours of audio, go to www.jasonhartman.com/store.

 

ANNOUNCER (FEMALE): If you want to be able to sit back and collect checks every month, just like a banker, Jason’s creating wealth encyclopedia series is for you.

 

[MUSIC]

 

ANNOUNCER: This show is produced by the Hartman Media Company.  All rights reserved.  For distribution or publication rights and media interviews, please visit www.HartmanMedia.com, or email media@hartmanmedia.com.  Nothing on this show should be considered specific personal or professional advice.  Please consult an appropriate tax, legal, real estate, or business professional for any individualized advice.  Opinions of guests are their own, and the host is acting on behalf of Platinum Properties Investor Network, Inc. exclusively.

 

Direct download: CW_388_-_Make_Wall_Street_Pay_You_Back_with_John_Lawrence_Allen.mp3
Category:Podcast -- posted at: 8:18pm EDT

Robert Kiyosaki is the acclaimed author of Rich Dad Poor Dad. The Rich Dad Company has made Rich Dad Scams: 8 Financial Scams Disguised as Wisdom available for free eBook download, so Kiyosaki talks in detail about scams everyone needs to understand.

 

Kiyosaki discusses the fundamental challenges with the traditional school system and how corporate America kills the entrepreneurial genius of many bright workers.

 

Kiyosaki then answers how much money one should save in his or her bank account. 

 

Robert Kiyosaki is a fourth-generation Japanese-American who grew up in Hawaii. He joined the Marine Corps after graduating from college in New York, and went to Vietnam as an officer and helicopter gunship pilot. After the war, Robert went to work for the Xerox Corporation and in 1977 started a company that brought the first nylon Velcro surfer wallets to market. Feeling that he had something important to teach, Robert founded a new company in 1985 to teach business and investing to tens of thousands of students throughout the world.  

 

At the age of 47 Robert retired from his business to devote time to writing, and in 1997 published the #1 New York Times best seller, Rich Dad Poor Dad. Soon afterward he wrote Rich Dad’s Cashflow Quadrant, Rich Dad’s Guide to Investing, and Rich Kid Smart Kid.  

 

All the books have been on the best-seller lists of the Wall Street Journal, Business Week, New York Times, E-Trade.com, and other distinguished lists. Robert also created educational board games to teach individuals the same financial strategies his rich dad spent years teaching him… strategies that helped him retire at the age of 47.  

 

Robert Kiyosaki’s goal is to give people information that will help them make their money work hard for them, rather than simply working hard for money.

 

Find out more about The Rich Dad Company at www.richdadcoaching.com and www.richdad.com.

 
Direct download: CW_387_-_Robert_Kiyosaki__Rich_Dad_Scams.mp3
Category:Podcast -- posted at: 2:26pm EDT

Bruce Fein is a lawyer in the United States who specializes in constitutional and international law. Fein has written numerous articles on constitutional issues for The Washington Times, Slate.com, The New York Times, Legal Times, and is active on the issues of civil liberties. He has also worked for the American Enterprise Institute, and the Heritage Foundation, both conservative think tanks as an analyst and commentator.

 

Fein is a principal in a government affairs and public relations firm, The Lichfield Group in Washington D.C. He is also a resident scholar at the Turkish Coalition of America.

Direct download: CW_386_-_Stopping_Government_Surveillance_with_Bruce_Fein.mp3
Category:Podcast -- posted at: 8:00am EDT

Ray Bourhis is a partner with the law firm of Bourhis & Wolfson in San Francisco, California, specializing in insurance bad-faith litigation. A graduate of Boalt Hall at the University of California, Berkeley, Bourhis has been a court-appointed Special Master overseeing reforms in the California Department of Insurance and was appointed by U.S. Senator Barbara Boxer to her Federal Judicial Selection Advisory Committee. 

 

 

He was recently profiled by Ed Bradley in a 60 Minutes report concerning fraudulent insurance practices. Born and raised in Elmhurst, Queens, Bourhis credits an attempt by gang members to throw him into a blazing bonfire at the age of twelve with helping him develop the survival skills needed to deal with insurance companies. He lives with his family in Kentfield, California.

Direct download: CW_385_-_Insurance_and_ERISA_with_Ray_Bourhis.mp3
Category:Podcast -- posted at: 8:00am EDT

Phaedra Fisher visited Russia back in 1994, and witnessed the privatization and inflation firsthand. Her book, Vodka Diplomacy, explains her experience and life in Russia as several events unfolded.

Direct download: CW_384_-_Vodka_Diplomacy_with_PhaedraFisher.mp3
Category:Podcast -- posted at: 8:00am EDT

Teeka Tiwari is Editor of "Mega Trends" at the Palm Beach Letter. He recently made a prediction for an event that will likely be 1.4 times bigger than the events of 07-08. He joins the show to explain in what way it will be bigger than the crash of 08?

 

Tiwari discusses what his "red flag" list is and shares some of names from it.

 

Teeka Tiwari epitomizes the American Dream. He came to the United States from England at sixteen with just $150 in his pocket and the clothes on his back. By eighteen, Teeka had become the youngest employee at Lehman Brothers. Two years later, he shattered convention by becoming the youngest Vice President in the history of Shearson Lehman. By the time he was 23 Teeka had made and lost a million dollars. At 27, he was a millionaire several times over.  

 

In June 2005, Teeka co-founded Tycoon Publishing and created the trading service, Point & Profit. The service made his wealth-building acumen available to the average individual investor for the first time.  

 

Since then, Teeka has been developing and perfecting the ETF Master Trader System, an interactive education program that teaches a complete Sector Trading investment methodology and gives ordinary investors the confidence to master the markets using Exchange Traded Funds.  

 

In June 2008, Teeka launched Sector Hunter, the World's first fully-automated ETF trading technology, providing individual investors with an institutional quality tool that identifies big money moves in 46 narrow sector groups and selects ETFs and stocks best positioned to profit from the move.  

 

Teeka is a regular contributor to FOX Business Network and has appeared on FOX News Channel, The Daily Show with Jon Stewart and international television networks. He manages a hedge-fund which is closed to new investors.

 

Teeka Tiwari has prepared a SPECIAL video for all listeners. He explains why “safe” investors may lose everything within the next six months.

 

Visit www.megatrendsinvesting2.com to find out for more. 

 

 

That's www.megatrendsinvesting2.com.

Direct download: CW_383_-_The_Bond_Market_and_Market_Predictions_with_Teeka_Tiwari.mp3
Category:Podcast -- posted at: 7:30am EDT

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.[1] 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 cyclesHe is known for claiming to have predicted the crash of 1987 to the very day.[4] 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.

Direct download: CW_382_-_Comprehending_the_True_Monetary_History_with_Martin_Armstrong.mp3
Category:Podcast -- posted at: 11:11pm EDT

Meet The Masters is a once a year event hosted by Jason Hartman. Over the course of two days, there are speakers that discuss the local markets, real estate taxes, and finance. In this episode, we are playing a segment from the lender panel. You will hear from our 3 preferred lenders about getting loans in today's real estate market.

Direct download: CW_381_-_Meet_The_Masters_Lender_Panel.mp3
Category:Podcast -- posted at: 1:35pm EDT

Peter Shallard is owner of The Shrink for Entrepreneurs. As a renowned business psychology expert and therapist gone renegade, he works with all types of entrepreneurs around the globe as these people strive to reach greater goals of wealth, freedom and social impact.

That last one is important. He is obsessed with the pursuit of for-profit business that simultaneously makes a positive change in the world. Helping entrepreneurs create such businesses is his mission.

Through application of highly effective psychological models, he helps entrepreneurs like you master the psychology of reaching their goals of success faster. Better. More effectively, and with more impact and results. Together we’ll:

  • Rapidly re-program mental habits keeping you down and replace behavioural patterns that aren’t useful with highly effective ones
  • Shed light on what’s holding you back by providing insight and helping you make sense of people in new, meaningful ways
  • Create practical, achievable, measurable action steps and strategies that make a big, big difference to your bottom line
  • Implement powerful blueprints and formulas that create profit and build a career or business where extraordinary is mandatory
  • Ignite powerful motivation and consistent drive for long-term stamina so your success grows exponentially

His approach focuses on actionable psychological insight that creates practical, measurable results, making me an ideal choice for the busy entrepreneur who wants to fast-forward success – the kind of person who wants to rapidly leave roadblocks behind and make big things happen quickly.

Direct download: CW_380_-_The_Shrink_for_Entrepreneurs_with_Peter_Shallard.mp3
Category:Podcast -- posted at: 8:00am EDT

Noah is a UC Berkeley graduate with degrees in Business and Economics and began his career at Intel as a marketing analyst in 2004.

 

In late 2005, Kagan joined Facebook as employee #30, where he served as product manager for eight months. During his time, he is credited with pioneering the Facebook status update and its mobile application with Mark Slee. After leaving Facebook, he then became Mint software employee #4 as the director of marketing in December 2006. At Mint, Kagan developed the initial marketing strategy for the launch of the website which now has over 7 million users.

 

After Mint, in June 2007, Kagan founded his first major company, KickFlip, a payment company for social games. Kickflip was the #1 Facebook app company of its time and would eventually become Gambit, which served over 40 million users, had $18 million in revenue, and was the #2 payments company for Facebook games.

 

In March 2010 Kagan founded AppSumo, a daily deals website for digitally distributed goods. He started the company after seeing there were no product bundle or daily deal sites for the growing web applications category. The core vision was to help solve distribution for startups and eventually all digital goods. The website was originally created in one weekend using an outsourced team from Pakistan for $60. Kagan said he created the company after seeing opportunity to combine the popular daily deals model with the growing web applications field. Kagan described it as a solution for distribution problems faced by startups.

 

In contrast to deal sites such as (Groupon and LivingSocial), AppSumo deals exclusively with digitally distributed goods. Initially, the deals offered were for digital tools and software. The deals then transitioned primarily to learning based products, teaching customers skills such as programming languages, project management, and hiring practices.

 

Today, the website has over 700,000 active subscribers and is particularly popular among the startup community.

 

You can learn more about Noah at http://okdork.com/

Direct download: CW_379_-_Getting_Exposure_and_Attention_with_Noah_Kagan_1.mp3
Category:Podcast -- posted at: 7:30am EDT

Greg Palast is the author of the New York Times bestsellers Billionaires & Ballot Bandits, Armed Madhouse , The Best Democracy Money Can Buy and the highly acclaimed Vultures' Picnic, named Book of the Year 2012 on BBC Newsnight Review.

His books have been translated into two dozen languages.

His brand new film of his documentary reports for BBC Newsnight and Democracy Now! is called Vultures and Vote Rustlers.

Palast is known for complex undercover investigations, spanning five continents, from the Arctic to the Amazon, from Caracas to California, using the skills he learned over two decades as a top investigator of corporate fraud.

Palast, who has led investigations of multi-billion-dollar frauds in the oil, nuclear, power and finance industries for governments on three continents, has an academic side: he is the author of Democracy and Regulation, a seminal treatise on energy corporations and government control, commissioned by the United Nations and based on his lectures at Cambridge University and the University of São Paulo.

In the 1970s, after earning a finance degree from the University of Chicago while studying under Milt Friedman and other "free trade luminaries," Palast went on to challenge their vision of a New Global Order. He did this while working for the United Steelworkers of America, the Enron workers' coalition in Latin America and consumer and environmental groups worldwide.

Palast is Patron of the Trinity College Philosophical Society, an honor previously held by Jonathan Swift and Oscar Wilde. His writings have won him the Financial Times David Thomas Prize. Palast was called"An American hero," said Martin Luther King III and the ultra famous political activist Noam Chomsky says Greg "Upsets all the right people."

Palast won the George Orwell Courage in Journalism Award for his BBC documentary, Bush Family Fortunes, where he exposed George W. Bush dodging the Vietnam War draft.

His accomplishments go on and on, so we encourage you to learn more about Greg at http://gregpalast.com

Direct download: CW_378_-_Vultures_and_Vote_Rustlers_with_Greg_Palast.mp3
Category:Podcast -- posted at: 1:14pm EDT

Jason Hartman starts episode 377 with a correspondent's report from Denver, Colorado regarding the house flipping market. Investment counselor Steve is consulting with three would-be home flippers who are looking to make quick cash but they discover many obstacles, not the least of which are razor thin profit margins, black mold, hard to source deals high short-term capital gains taxes.
 
In part two, Jason talks about the difference between an estimate and a quote when hiring contractors to repair or improve your investment properties. He recounts his Memphis, Tennessee property tour last week with a walk down Beale Street and a visit to Elvis Pressley's Graceland. Next up, a discussion of "Currency Wars" by James Rickards and some crowd sourcing to help with his mother's medical condition.
 
Be sure to take advantage of the "super early bird pricing" for Jason's Creating Wealth in Today's Economy Boot Camp at Hotel Irvine in beautiful Orange County California on June 28th athttp://www.JasonHartman.com/events/ where you can also find information about private property tours. 
 

The #1 piece of advice for growing wealthy is…

Pretend the stock market doesn’t exist.

Seriously. That ship left the dock decades ago and won’t be back.
If you’re still swallowing the stock market line of lies, we hate to be the bearer of bad news, but you will probably die poor, an unfortunate statistic lumped in with the 99% who will never know the blessed relief of a life free from financial worry. Can you even imagine the sweet taste of financial freedom? The age old problem of too much month and not enough money really can disappear.

The truth is today’s stock market has devolved into a giant con game where an exclusive gang of unscrupulous slimeballs makes a very nice living picking the pockets of average investors like you.

Are you a glutton for punishment?

Do you enjoy getting slapped around by Big Stock Market, who takes your money like the schoolyard bully? It doesn’t have to be that way. If you learn nothing else this entire day, pay attention now:

“Thousands of people are quietly growing wealthy every year because they pulled their money OUT of the stock market and put it into what has been proven year in and year out to be history’s best investment.”

The Creating Wealth in Today’s Economy Bootcamp doesn’t even consider something a real investment unless it does the following:

• Expect at least a 20% to 30% annual ROI

• Allows you PROFIT from the economically debilitating effects of inflation

• Cuts the THIEVING middle-men out and allows direct investment

• Provides TRUE diversification

• Is the MOST tax favored asset in America

• Turns banks profit model against them to practically STEAL money using legal leverage

• So conservative your grandmother would love it
If you realize that the preceding six items are a good thing, you’re halfway to financial freedom already. The Creating Wealth in Today’s Economy Bootcamp is based on the proven premise that Wall Street is screwing the average American investor and it’s about time you got tired of it!

We’d like to introduce you to a gentleman by the name of Jason Hartman, Founder and CEO of Platinum Properties Network, and the driving force behind The Creating Wealth educational juggernaut.

In his late teens, Jason recognized the incredible profit potential of investing in rental properties. It’s practically a license to print money. Starting with little in the way of assets, Jason used a unique strategy he discovered over the course of hundreds of real estate deals, and became a millionaire before the age of 30.

How did he do it? The broad answer is rental property investments. If you’re interested in more specifics, that’s where The Creating Wealth in Today’s Economy Bootcamp comes in. In it, Jason reveals his entire process for creating impressive fortune.

“If you knew one educational event contained absolutely every piece of information you needed to grow rich…would you go?”

It’s true you can spend as much on real estate seminars as you want. Got $3,000 burning a hole in your pocket? There’s a seminar for that. How about $5,000? There’s a seminar for that too. Want to pay more? They’ll shamelessly lighten your wallet.
But for $297 you can purchase a ticket to The Creating Wealth in Today’s Economy Bootcamp and, over the course of a single day, learn exactly what you need to begin building the real estate investment portfolio that can switch your family’s financial mode to “highly profitable” for generations to come.

The Creating Wealth in Today’s Economy Bootcamp does not rely on tuition to make money. Yes, we have to charge something for the event but it is way, way below market rate. There are a few reasons for this.

1. We must cover the costs of facility rental, materials, and food. What kind of business would we be if we lost money hosting an event?

2. While well below what most seminars charge to get through the door, we do set the tuition high enough to keep out browsers. We only want attendees who are serious about changing their financial lives.

At The Creating Wealth in Today’s Economy Bootcamp, you’re going to learn exactly what steps to take to begin investing in rental properties the moment you dive into the content. This is an actionable, clearly presented blueprint, unlike the other guys, who are usually feeding you just enough bull to reel you directly into their up-sell.

We’re sorry but this event is jam-packed with education, not
bushy sales pitches.

We’d like to apologize up front if you are looking to attend a real estate educational event that spoon feeds you useless information and spends most of the time lauding the benefits of their newer, better and, wouldn’t you know it, more expensive seminar!

The Creating Wealth in Today’s Economy Bootcamp is all you need. The backbone of this learning event is a process called The Complete Solution for Real Estate Investors. Jason developed this approach to investing in real estate properties over more than two decades of closing deals in every market imaginable.

The dirty little secret is it’s not hard to do! The most difficult part for most people is simply to take action in the first place.
Here’s what you can expect from our Creating Wealth in Today’s Economy Bootcamp:

1. Nine hours worth of intensive real estate learning. No esoteric theory. This is a simple, repeatable, conservative approach that can make you VERY wealthy.

2. How to properly use leverage to reach financial independence. You might quit your job in as little as seven years and never work again.

3. How to ignore the financial “guru” chatter and select properties and markets that make financial sense the day you buy them.

4. How to avoid negative cash flow.

5. Hands on property selection session.

6. You own your first property. Now what do you do? No worries. We’ll tell you.

A new feature with The Creating Wealth in Today’s Economy Bootcamp is property analysis. Jason and his team of investment experts will include a free, , personal, one-on-one property analysis of any property you choose. We want you to take the tools you learn at this event and put them into action! We’ll show you how we decide whether or not a property is a good buy. You can even bring in outside properties you’re interested in and we’ll show you how to evaluate its money-making potential.

Perhaps the benefits of using The Creating Wealth in Today’s Economy Bootcamp is to push your financial life into high gear can best be told by previous attendees.

Direct download: Announcement__Creating_Wealth_Bootcamp_June_28th_2014.mp3
Category:Podcast -- posted at: 7:27pm EDT

Chris Mayer is the Managing Editor of Agora Financial and Editor of the Capital and Crisis publication. 

 

Mayer breaks down the unemployment numbers for us and whether it is actually getting better. 

 

He then discusses the benefits of traveling around the world to get an investment story. Given the instability in the emerging markets, Mayer assesses whether this is the beginning of the next global financial storm. 

 

Chris has prepared a SPECIAL video for our listeners. He shares SEVEN incredibly safe stocks that you should buy now. Chris believes these stocks will multiply your wealth 20 times over. Visit www.GrowYourWealth.info to find out what these companies are. 

 

That's www.GrowYourWealth.info.

 
Direct download: CW_376_-_The_Real_Unemployment_Rate_with_Chris_Mayer.mp3
Category:Podcast -- posted at: 9:00am EDT

Doug Casey is the Founder & Chairman of Casey Research and author of the new book, "Right on the Money: Doug Casey on Economics, Investing, and the Ways of the Real World."

 

Casey gives his outlook on gold stocks. He then shares the pros and cons of dividend-paying, large cap stocks. 

 

Overall, he thinks 2014 will turn into a bad year for the economy and stocks.

 

Visit Casey Research at www.CaseyResearch.com.

 

Doug Casey is the Chairman at Casey Research, LLC. He is a highly respected author, publisher, and professional investor. Mr. Casey wrote the book on profiting from periods of economic turmoil. His book "Crisis Investing" spent multiple weeks as number one on the New York Times bestseller list and became the best-selling financial book of 1980 surpassing big-caliber names. Mr. Casey then broke the record with his next book, "Strategic Investing", by receiving the largest advance ever paid for a financial book at the time. His book "The International Man" was the most sold book in the history of Rhodesia. 

 

Mr. Casey has been a featured guest on hundreds of radio and television shows, including David Letterman, Merv Griffin, Charlie Rose, Phil Donahue, Regis Philbin, Maury Povich, NBC News, and CNN and has been the topic of numerous features in periodicals such as Time, Forbes, People, and the Washington Post. He has written newsletters and alert services for sophisticated investors for over 28 years. 

 

In addition to having served as a Trustee on the Board of Governors of Washington College and Northwoods University, Mr. Casey has been a Director and Advisor to nine different financial corporations. He is widely respected as one of the preeminent authorities on rational speculation especially in the high-potential natural resource sector. 

 

Mr. Casey graduated from Georgetown University in 1968.

Direct download: CW_375_-_Right_on_the_Money_with_Doug_Casey.mp3
Category:Podcast -- posted at: 9:00am EDT

Join Jason Hartman on episode 374 as he discusses a wide variety of things. First, a recap of the last several episodes with commentary on asset protection, Bitcoin, Michael Lewis and longevity. Next, Jason outlines the upcoming episodes including:

 

375 Doug Casey

376 Chris Mayer - Managing Editor of Agora Financial

377 Jason with team member

378 Greg Palast - Banksters, Wall Street

379 Noah Kagan - Business, Marketing, etc

380 Peter Shallard - The Shrink for Entrepreneurs 

 

We review the following new topics:

 

France bans work e-mails after 6 PM

Where's the (cheap) beef? US beef prices soar

Team clones stem cells from 75-year-olds skin

And... What this means to us, as investors.

 
Direct download: CW_374_-_IDEAL_Income_Property_Stem_Cells__Inflation.mp3
Category:Podcast -- posted at: 4:08pm EDT

Rodney Johnson is President and Editor of Dent Research. He joins the show to explain why gold will fall below $800.

 

Johnson then discusses whether the US economy is slowing. He also shares how investors can build streams of income instead of relying on equity markets.

 

Visit Dent Research at www.dentresearch.com.

 

Rodney Johnson works closely with Harry Dent to study how people spend their money as they go through predictable stages of life, how that spending drives our economy and how you can use this information to invest successfully in any market.  

 

Rodney began his career in financial services on Wall Street in the 1980s with Thomson McKinnon and then Prudential Securities. He started working on projects with Harry in the mid-1990s. He’s a regular guest on several radio programs such as America’s Wealth Management, Savvy Investor Radio, and has been featured on CNBC, Fox News and Fox Business’s “America’s Nightly Scorecard, where he discusses economic trends ranging from the price of oil to the direction of the U.S. economy.  

 

He holds degrees from Georgetown University and Southern Methodist University.

Direct download: CW_373_-_Gold_Prices_with_Dent_Research_editor_Rodney_Johnson.mp3
Category:Podcast -- posted at: 6:47pm EDT

Patrick Byrne is the Chairman & CEO of Overstock.com. He joins the show to discuss why he made the decision to add Bitcoin as a payment form for Overstock.com

 

This interview is action-packed with Bitcoin content. Byrne explains how and when he first heard about Bitcoin and what his reaction was. He shares his thoughts on the currency nature of Bitcoin as well as the transaction part. 

 

Byrne himself doesn't own Bitcoin. He discusses why someone with all his connections wasn't one of the first buyers.

 

Byrne thinks the new cryptocurrency space will destroy central banking and give rise to a new kind of ecosystem.

 

Overstock.com reported more than $130K in Bitcoin sales in 24 hours, and more than $1 million in sales since they started accepting Bitcoin in January. Byrne thinks more retailers will follow suit.

 

Visit Overstock.com at www.overstock.com.

Direct download: CW_372_-_Overstock.com_using_Bitcoin_with_CEO_Patrick_Byrne.mp3
Category:Podcast -- posted at: 7:11pm EDT

A best-selling author, speaker and a member of an elite group of "Rich Dad's" advisors, hand selected by author Robert Kiyosaki, Garrett speaks to investors and entrepreneurs on a variety of topics including asset protection, liability limitation, wealth creation, as well as various business and real estate issues. As an advisor for Robert Kiyosaki, Garrett has authored Own Your Own Corporation.

Garrett's books provide an accessible source of information for building your own success. A member of the State Bars of Nevada and California, as well as the American Bar Association, Garrett attended Colorado College and the University of California at Berkeley where he received a B.S. in Business Administration in 1975. In 1978, he graduated with a J.D. from University of California's Hastings College of Law in San Francisco.

Beyond his desire to educate people and business in wealth protection and growth, Garrett serves on the boards of the American Baseball Foundation, located in Birmingham, Alabama and the Nevada-based Sierra Kids Foundation.

Direct download: CW_371_-_Rich_Dad_Attorney_Garrett_Sutton_on_Asset_Protection_1.mp3
Category:Podcast -- posted at: 3:07pm EDT

In this fascinating two-part episode, Jason Hartman talks about Michael Lewis's new book "Flash Boys" and comments the on the excellent CBS 60 Minutes segment discussing high-frequency trading and how the stock market, according to Michael Lewis and many other experts, is rigged.

 

In part two, Jason interviews Dr. Rush from Cenegenics as they discuss the latest breakthroughs in health and longevity science. This interview was originally recorded for Jason's new "Longevity Show" which will launch soon but he wanted to share it in this episode so you can benefit from the ideas right away. Visit www.JasonHartman.com for details. Many experts believe that we are on the verge of major breakthroughs when it comes to increasing lifespan and this has wide ranging implications for, not only our own lives and well-being, but the economy, the real estate market, commodities consumption, wealth creation, government entitlement programs like Social Security and Obamacare but also the outlook for inflation and investing to grow our wealth with income property.

Direct download: CW_370_-_Michael_Lewis__Stock_Market_Rigged__Cenegenics_on_Longevity.mp3
Category:Podcast -- posted at: 6:14pm EDT

Craig R. Smith is the Chairman of Swiss America and author of, "The Great Withdrawal: How the Progressives' 100-Year Debasement of America and the Dollar Ends. He joins the show to give good examples of progressives today. 

 

Smith explains how important the next Election cycle is to the future of the world. He thinks this can be the end of Progressivism if the Democrats keep getting their way. 

 

The conversation then shifts to how American citizens can decentralize and diversify their lives to survive and prosper. Smith shares some ways that people can protect themselves and their families in today's shaky, vulnerable economy. 

 

Find out more about Craig Smith at www.craigrsmith.com. Buy gold from him at www.buygold.com.

Direct download: CW_369_-__The_Great_Withdrawal__with_Craig_R._Smith.mp3
Category:Podcast -- posted at: 12:24pm EDT