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

The incredible scientific event of November 12^th 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

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

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/

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

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."

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 

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.

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

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