Jason Hartman shares an important lesson he learned from Richard Nixon and talks a little bit more about the Meet the Masters event and why you must be there. David Porter is the guest for today's show. He has been on the show before many years ago and he updates the audience about some of the big successes he's had with Jason's company. Jason and David also talk about the economy, borrowing money, cool technologies, and more on today's Creating Wealth show.

Key Takeaways:

1:30 – Jason did go to the time share presentation and it's still a bad idea to invest in one.

8:10 – Jason talks about Richard Nixon and Richard's trip to the grand canyon

14:10 – Experiencing hardship is often a good thing.

17:00 – Don't miss the Meet the Masters event!

21:25 – David Porter comes on the show for the second time.

26:50 – David talks about his first experience buying a home when he first met with Jason.

30:40 – Despite the financial market crashing, David still felt like real estate was the best way to invest his money.

36:10 – David took his ability to borrow and invested it in a conservative way.

44:10 – With David's extensive shipping background, he tells Jason he's seen a huge increase in retail shipping.

50:10 – Despite the huge debt the US has, they are still very hard to compete against in the global consumer market.

54:30 – There's so much cool technologies out there right now. It's a great time to be alive.

61:00 – Jason and David go back to talking about real estate and David shares more specific numbers on how he is doing.

65:20 – David talks about his own experiences being a property manager.

72:20 – Hiring great property managers will keep your sanity in check.

Jason Hartman is extremely excited about the upcoming Meet the Masters event and hopes you'll be able to join him this year. In his Creating Wealth intro, he talks about Houston, oil prices, the negatives of investing in North Dakota, and looking out for the crooks that just want to steal your money. 

Our Creating Wealth guest today is Mitchell Zuckoff. He is the author of 7 books and a professor at the Boston University. He was also a reporter for 20 years and is originally a New York native. He talks to Jason about the Ponzi scheme, how to spot a bad deal, Bernie Madoff, and more in today's episode. 

Key Takeaways:

3:10 – There's a lot of scams out there, don't invest in someone who's a crook, an idiot, or untrustworthy. 

6:25 – Jason learned that a diamond can slow down the speed of light. 

10:25 – Jason is excited for the Meet the Masters conference. This upcoming one would be the 16th Meet the Masters event. 

12:10 – Oil prices are down and experts will be talking about that at the Meet the Masters conference. 

16:00 – Jason feels that North Dakota is not a stable economy for real estate investing just yet. 

18:10 – Mitchell talks about the book he wrote about Charles Ponzi. 

25:10 – How did Charles Ponzi start the Ponzi scheme? Mitchell explains. 

29:20 – Based on Charles Ponzi's actions, he didn't consider himself a con man. 

32:10 -  Ponzi's business, or scheme, grew from word of mouth. 

35:50 – If a deal sounds too good to be true, be sure to do a background check before you invest any money. 

39:10 – Do people really fall for those Nigerian email scams? Mitchell says yes. 

42:15 – The schemers are always trying to stay one step ahead.

Mentioned In This Episode:

http://www.mitchellzuckoff.com

Jason wishes everybody a merry Christmas, talks a little bit about the meet the masters conference as well as gives a quick lists of the next guests that will appear on the Creating Wealth show.

The guest on the Creating Wealth show today is Erik Gantz. Erik came highly recommended to Jason through a business associate and Jason also loved one of Erik's presentations because it was down to earth and not full of marketing hype. Erik talks to Jason about how you can get a good business credit score, how his company works, and some tips and tricks for things to avoid and watch out for.

Key Takeaways:
2:10 – You may meet Erik at the Meet The Masters conference.
7:50 – Jason lists a couple of upcoming shows his audience can expect.
11:50 – Erik uses both personal and business credit to help kick start a company
15:54 – People with good credit average about $100k to $180k in investment money.
22:20 – Erik talks about the steps you need to go through to get a great credit score.
28:40 – So many things can go wrong, so it's important to work with a company that has extensive experience in this area.
31:30 – Erik works with a flat fee, so clients don't have to worry about unexpected charges later on.
37:45 – There are a lot of outside factors that can influence your score. Erik breaks this down further and explains what it all means in this segment.

Today’s Creating Wealth Show is here to give you another taste of what to expect from the upcoming Meet the Masters event in January 2015. Speaking with Jason Hartman is renowned CPA Diane Kennedy, who is full of ideas and advice on topics ranging from international investing and its tax benefits, the ins and outs of LLCs and what your self-managing options are for your real estate investments, to name just a few issues covered.

Key Takeaways

07.25 – When you get involved in the issues that Diane Kennedy does, you know all about taxes and the IRS

08.30 – On a more international note, Puerto Rico is a destination that seems to offer everything to some people, and nothing to others.

09.53 – An LLC is a great and conventional way of protecting your assets. Trust it.

16.44 – It’s not to say that using entities are never good. If using them, know which jurisdiction is best. 

22.27 – The Tax Extender Bill was written for those dealing with short sales or foreclosures. 

26.20 – Everyone complains about the US and its laws and regulations, but we should look at ourselves compared to other countries and consider what we have.

28.03 – Diane Kennedy gives her views about real estate, the Holy Grail of tax benefits.

29.56 – You can’t just get away with calling yourself a real estate professional. There are certain hoops to jump through.

34.33 – For more information, head to www.USTaxAid.com

Mentioned in this episode

The Off-Shore Tax Guide by Diane Kennedy

In a break from the traditional format of the Creating Wealth Show, today features the audio version of Ray Dalio’s educational and informative video How the Economic Machine Works. Dalio discusses a range of topics in-depth to provide a full overview of how the economic machine functions – just a few examples are the inflation/deflation model, de-leveraging and the difference between credit and actual money.

Key Takeaways

01.24 – The premise for today’s show is to gain an insightful overview of economics, thanks to Ray Dalio.

08.45 – The amount of free, available education options really question why students pay so much for a College degree.

11.27 – Transactions are the lynchpin – they create the three forces which ultimately drive the economy.

14.37 – The main difference between borrowers and lenders is that the former want to buy something they can’t afford, while the latter want to make money into more money.

21.13 – Credit doesn’t necessarily have to be a bad thing; when the purchases can be used to create income it can be a positive, growth-creating technique. 

22.53 – Ray Dalio takes us through his interpretation of the inflation/deflation cycles. 

26.35 – Debt repayments and changing credit-worthiness are issues which have an effect worldwide. 

32.07 – Because you can’t always guarantee that a borrower won’t default on their loan, so debt-restructuring is sometimes a necessary step. 

38.00 – Printing money can have a positive effect on the economy, but it has to be done very specifically.

Mentioned in this episode

How the Economic Machine Works by Ray Dalio

Jason Hartman’s topics for discussion today range from the business impact of Colorado’s legalization of marijuana to correctly assessing a company’s revenue to the changing demographics of today’s society.

Later he talks to the author of Life Purpose Boot Camp, Eric Maisel about how we need to change our perception of meaning and anxiety in the creative world. Maisel’s atheist beliefs lead to a spirited exchanging of views, making today’s podcast informative and passionate. 

Key Takeaways

03.20 – Be sure to register for the Birmingham Seminar and Property Tour at www.JasonHartman.com to take advantage of Early Bird ticket prices.

09.00 – While overall revenue figures are important, you can only really assess a company by looking at its revenue per employee.

12.30 - Jason discusses the legalization of marijuana in Colorado, but considers it from a business point of view.

14.50 – Generation Y is the largest demographic cohort, yet few even understand its impact and influence.

20.27 – There are growing trends and patterns between marital status and home owners’ requirements.

27.03 – Eric Maisel’s movement is not about searching for meaning, but about creating meaning.

34.15 – It’s important to assess if your life as it is has meaning, but it’s more difficult to throw everything away because of that.

36.15 – Part of the anxiety problem is that 99% of performing artists get no feedback whatsoever. 

38.10 – The key to reaching this more creative level really lies in the morning creativity practice.

46.20 – Religion still has a very strong societal hold on people and it can be this sense of community which makes it hardest to leave.

50.22 – Maisel claims we have two choices with the future of religion: perpetuate lies or be honest and see which side produces higher morality.

52.23 – For more information, head to www.EricMaisel.com, and if you’re interested in learning more about natural psychology, you can download a free copy of Maisel’s book Natural Psychology at www.NaturalPsychology.net 

Jason Hartman talks with real clients about their apartment investments.  You'll learn about a very rare opportunity to own brand new multi-family units that are 100% fully rented in advance.  The typical apartment investor gets an old building and the potential for endless "money pit" repairs, vacancies and hassles.  What if you could start fresh

In this impromptu show Jason interviews his mother, Joyce, on her simple low-tech approach to investing in income properties.  Listen at: http://www.jasonhartman.com/radioshows/.  Hear Jason's mom share her experiences parlaying a low income job and a small $12,000 investment into a $7,000,000 portfolio that generated a net income of well over $200,000 annually (and rather passively)

Jason discusses commercial real estate and the value of housing vs office and retail properties.  Next, a radio interview on Platinum's 2010 Predictions White Paper Special Report with an exclusive "ROI Build" profiling over 30 markets nationwide including The S&P/Case-Shiller Home Price Indices.  Listen at: http://www.jasonhartman.com/radioshows/ or on iTunes.  The White Paper includes forty (40)

Jason shares a sample of his Financial Freedom Report and talks with the Local Market Specialist from Denver, Colorado about this desirable "Creative Class" city and it's foreclosure, rehab and builder closeout opportunities. Visit: http://www.jasonhartman.com/radioshows. The Denver area has been a historically stable real estate market for both owners and investors.  Market values experienced a

Jason explores some ways to get out of a bad property then he interviews author/attorney Mark Kohler about his book “Lawyers Are Liars: The Truth About Protecting Our Assets.”  Listen at: http://www.jasonhartman.com/radioshows.  Mark is an attorney, CPA and entrepreneur who has owned numerous businesses since high school, through college and even as a professional. Mark’s

We’re putting enough real estate and business brainpower in one room to make Donald Trump flinch. Enjoy this content-rich sampler of "The Masters Weekend" our twice annual powerhouse educational event that can revolutionize how you think about money and wealth.  Listen at: http://www.jasonhartman.com/radioshows/.  Will you be any closer to financial freedom in one year? Listen

Jason interviews his early mentor Dr. Denis Waitley on "The Psychology of Winning."  Listen in at: http://www.jasonhartman.com/radioshows/.  At age 17, Jason discovered Waitley and it was a life altering event leading to his early and sustained success.  Waitley is one of  America's most respected authors, keynote lecturers and productivity consultants on high performance human achievement. 

Jason talks with real estate "artist" and 5-time international best-selling author, philanthropist, risk-taker and visionary, Frank McKinney, who sees opportunities and creates markets where none existed before.  Listen at: http://www.jasonhartman.com/radioshows/.  McKinney's first job earned him $180 a week digging sand traps on Deerfield Beach golf course.  At age 22, he bought his first $50,000 fixer-upper,

Jason talks with Sara, Eric and Jim about the nitty-gritty details of non-owner occupied financing with conventional loans, construction and low-down rehab financing.  In a challenging lending environment you need all the help you can get, you need the real story, you need the facts rather than the usual hype promulgated by the mortgage industry. 

The mortgage meltdown altered the landscape of real estate investing. While some of yesterday's most favored strategies will not work going forward, today's savvy investor can still find great opportunities for growth and profits-if they understand how recent events could shape this industry over the next few years. Jason talks with author Steve Bergsman about

During turbulent economic times, people can become their own worst enemy.  The uncertainty of the stock market creates massive insecurity about our investment portfolios. These doubts are quite reasonable and it is time to stop trusting Wall Street and start being a direct investor by purchasing hard assets which are not subject to the greed,

Saint Robert is known as the “business hub” of Missouri’s Pulaski County. The city is relatively young, however it has achieved more than most cities since its birth, living up to its motto “Grow With Us.” On this episode of The Creating Wealth Show, Jason Hartman talks with our Local Market Specialist (LMS)™ in St. Robert

The lending regulations have changed drastically within the past two years, causing investors quite a head ache when attempting to buy America’s most tax-favored investment, income properties. With a self-directed IRA or real estate IRA you can be in control by investing your retirement funds when, where, and how you want. On this episode of The Creating Wealth Show

Investors are convinced they cannot trust Wall Street to deliver the American Dream of financial security and independence. The same investors know Packaged Commodities™, in the form of income properties, are the best method to achieve this American Dream. Eighty-five percent of wealthy Americans created their fortunes this way. Since the real estate crash in

No, the above title is not a typo. According this week’s Creating Wealth Show guest, John Stapleford, it is possible for ethics and public policy to have a direct correlation. Visit: http://www.jasonhartman.com/radioshows/. Stapleford is not only a senior economist for Moody's Economy.com, professor emeritus of economic development at Eastern University and former director of the

"For far too long, too many people have regarded home ownership as 'a good thing.' It is certainly true that home ownership has its benefits. But, like everything else, it also has its costs and its risks." This statement by Creating Wealth Show guest, American economist Thomas Sowell has been regretfully muttered by many homeowners

Enjoy a FREE sample of Jason Hartman's Financial Freedom report in audio format. To subscribe, please visit: http://www.jasonhartman.com/events/

Would you like to escape the rat race? Famous "Rich Dad" author and speaker in the areas of personal finance, real estate and business, Robert Kiyosaki joins Jason Hartman for a discussion on success and passive income. Visit http://www.JasonHartman.com/radioshows. At the age of 47, Kiyosaki retired from his business to devote time to writing, and

Let’s call this one the "Non-Show" where you can hear some quick highlights of past shows and forward the five-minute "demo reel" to friends and family. Visit: http://www.jasonhartman.com/radioshows/ for more Info and registration at www.JasonHartman.com/events free stuff. Upcoming shows include: Addison Wiggin, editorial director and publisher of The Daily Reckoning and executive publisher of Agora

Our world is desperate for leaders who serve and make an eternal difference in the lives of others every day. On this momentous 100th episode of The Creating Wealth Show, Jason Hartman interviews leadership expert, Dr. Jeff Myers, President of the Myers Institute for Communication and Leadership and Passing the Baton International on this timely

Platinum Investment Counselor, Sara, brought a client into Jason's office today and one of those occasional, casual and impromptu shows was born. If you want to hear it from the client's mouth to your ears, this show is for you. Learn from a short discussion on global trade, container shipping, Packaged Commodities Investing™ and what

Listen in as Jason has a talk with Harry Dent.

Jason answers some listener questions, and then shares some wisdom from Earl Nightingale and Dan Sullivan. Visit http://www.jasonhartman.com/radioshows/

Jason reveals how you can actually profit from prudent borrowing. Then Jason and Ben, a local businessman and caterer, discuss inflation and rising food prices. Visit http://www.jasonhartman.com/radioshows/

Jason guests on The Al Rantel Show on KABC LA to talk about the current state of economic affairs, and then answers listener questions. Visit http://www.jasonhartman.com/radioshows/

On this show we'll hear from Paul Harvey, Jim Rogers, Ron Paul and truth challenged Ben Bernanke about commodities investing and the virtues of trading fake dollars for real assets. Visit http://www.jasonhartman.com/radioshows/

Jason shares inspiration from Og Mandino, tax advice from CPA Peter DeGregori and Richard Lillycrop one of our British investors. Visit http://www.jasonhartman.com/radioshows/

Let's examine the subject of debt, both good and bad. The prudent use of leverage or borrowed money can accelerate wealth creation and reduce risk. We'll look at many perspectives including a profile of Donald Trump and his "troubles" in the 90's. Visit http://www.jasonhartman.com/radioshows/   Flickr / Gage Skidmore

Jason explores the benefits of being a direct investor and the problems of group investing or pooling money and going into other people’s deals, businesses, partnerships, LLC’s, REIT’s or TICS. Hear a chat with Jim Cramer of Mad Money and The Street.com. Visit http://www.jasonhartman.com/radioshows/

Jason shares an abridged real-world Portfolio Makeover™ and some thoughts on empire building. Investment Counselor and Area Manager, Lynda Mulley, asks a common client question and Jason interviews a prior guest from episode #29, Chartered Financial Analyst and Finance MBA, Daniel Amerman, on winning through inflation and creating wealth with prudent debt. Learn how the

Unlike stocks, bonds, mutual funds or commodities such as precious metals like gold and silver - real estate is a multi-dimensional asset class. The multi-dimensional nature of income property makes it extremely profitable in changing ways based on varying market conditions. This is a wonderful thing because investors can profit even seemingly “bad” markets. For

Jason presents innovative new thinking on real estate investing with The Hartman Risk Evaluator™ which can virtually eliminate or at least dramatically reduce downside risk based on the LTI (Land-to-Improvement) Ratio™. Don't miss this episode as it could cost you a bundle! You won't hear this unique content from any other financial and real estate

How prudent real estate investors BENEFIT from inflation in two big ways! Here is how to use leverage prudently to maximize returns and reduce risks. Visit http://www.jasonhartman.com/radioshows/