Thu, 30 April 2015
CW 510 FBF – Journey to Success with Jack Canfield NY Times Bestselling Author of the ‘Chicken Soup for the Soul’ Series (CW 310)
Originally aired as Creating Wealth 310
On this episode, Jason Hartman is joined by Jack Canfield, America’s #1 Success Coach, to talk about Jack’s journey to success as founder and CEO of Chicken Soup for the Soul Enterprises, founder and chairman of The Canfield Training Group, and his latest project, Bestseller Blueprint Training Program. As the beloved originator of the Chicken Soup for the Soul® series, Jack Canfield fostered the emergence of inspirational anthologies as a genre - and watched it grow to a billion dollar market. As the driving force behind the development and delivery of more than 123 million books sold through the Chicken Soup for the Soul® franchise (and over 500 million copies in print worldwide), Jack Canfield is uniquely qualified to talk about success. His proven formula for success reached global acclaim with his most recent National Bestseller, The Success Principles™: How to Get from Where You Are to Where You Want to Be. For his fascinating story, listen at: www.SpeakingofWealth.com.
Jack is a multiple New York Times bestselling author, including titles such as The Power of Focus, The Aladdin Factor, Dare to Win, You’ve Got to Read This Book! and The Key to Living the Law of Attraction. He is the Founder and Chairman of The Canfield Training Group in Santa Barbara, California, which trains entrepreneurs, educators, corporate leaders and motivated individuals how to accelerate the achievement of their personal and professional goals. Jack is also the founder of The Foundation for Self-Esteem in Westlake Village, California, which provides self-esteem resources and trainings to social workers, welfare recipients and human resource professionals. Jack wrote and produced the Goals Program, a video training program for California welfare recipients. To date, the program has been responsible for helping 450,000 people get off welfare.
Jack is a featured teacher in the movie “The Secret”, “The Opus”, “The Cure”, "The Tapping Solution”, and “Yes IS the Destination...No is How You Get There.” He has recently been filmed for inclusion in two more films entitled “Discover the Gift” and “Awakening.”
Jack has also been a featured guest on more than 1,000 radio and television programs in nearly every major market worldwide - many of them on a repeat basis. A sample of these shows include Oprah, Montel, Larry King Live, 20/20, Inside Edition, The Today Show, Fox and Friends, The CBS Evening News, The NBC Nightly News, Eye to Eye, CNN's Talk Back Live!, PBS, QVC and many others.
Wed, 29 April 2015
CW 509 – Jason’s Mom – The Chinese & American Economies plus ‘The Death of Money’ by Author James Rickards
Jason's mother, Joyce, reads a book a week and has some interesting questions for Jason about the book she's currently reading entitled The Death of Money by James Rickards. Jason and Joyce talk about China's economy, the one child policy, and they also touch on why the US government loves inflation.
3:40 – Joyce is currently reading The Death of Money by James Rickards.
6:30 – If you believe in Earth Day, why don't you move to North Korea?
9:55 – Corruption happens everywhere, both in the US and in China.
15:15 – China just doesn't have enough money.
23:50 – It's silly that the US government doesn't include food and energy in their inflation stats.
28:10 – What does all of this have to do with income property?
35:30 – People say that the US is no longer going to be the leading reserve currency in the ten years. Jason doesn't think that's true.
40:10 – Jason thinks his mother should start her own podcast.
Mentioned In This Episode:
The Death of Money by James Rickards
The Bet by Paul Sabin
Smaller, Faster, Lighter, Denser, Cheaper by Robert Bryce.
Mon, 27 April 2015
Jason would like to remind his audience that the Memphis property tour is coming up and there's still a few seats left. Jason invites Brad, a market specialist for the Jackson, Mississippi market to give an extensive market profile on the area and why it's a good time to invest there.
2:40 – There will be a Venture Alliance mastermind meeting in San Diego.
4:25 – For the mastermind meeting in June, you can come as a guest to get a feel for it.
5:35 – Jason welcomes Brad.
9:20 – Brad sold some of his properties in 2005 and regrets it.
15:40 – You can buy a house in Jackson for $50k and have it rent for $750.
18:10 – Brad shares his thoughts on section 8 tenants.
21:40 – Brad lists some key things he likes about Jackson.
29:10 – There will always be people who will have a renter mentality and not purchase a home.
Mentioned In This Episode:
Fri, 24 April 2015
Jason Hartman starts this episode with an update on and new fixed-rate mortgage financing program for IRA investors and foreign nationals. In addition, you’ll hear about a change the RSS feed for this podcast in hopes that the change will be seamless and you won’t even notice it; however, you know how technology goes sometimes. You’ll get an overview of a few properties, a few thoughts on the greater Atlanta, Georgia real estate market and an update on Jason’s “Meet The Masters of Income Property Investing” event slated for October at The Hyatt Regency in Irvine, California visit: http://www.jasonhartman.com/meet-the-masters-of-income-property-investing/for complete details.
The main focus of this episode of The Creating Wealth Show will be: Defending Against The Demons of Investing.
The world of investing involves many considerations. Chief among these are the two “Demons” of investing that must both be defeated in order to realize success. The first demon is risk, and the second is inflation. Risk comes from the fact that future returns are uncertain, and it is not possible to foresee all future events. Investments that seem ‘safe’ may turn out to have hidden dangers that we did not notice. Risk can never be eliminated, it can only be managed. The best way to do this is by properly diversifying your investments so that they are not all subject to the same market shocks. The second demon of investing is inflation. Inflation is especially difficult because it erodes the value of your dollars. Defeating the demon of inflation requires investment in multi-dimensional assets that are optimized to defeat inflation. Income properties meet this criteria well because the property itself holds real value by nature of the replacement cost of the structure, the loan allows you to have a fixed cost of capital for three decades, and the cash flow is pushed up by inflation while you cost structure remains flat because of the fixed-rate financing.
Wed, 22 April 2015
CW 506 – Dan Mitchell – Fiscal Policy, Corporate Taxes & America’s Economic Progress, Senior Fellow at the Cato Institute
Jason invites Fernando on to the show and answers a couple of his questions on lease renewal. Dan Mitchell is also today's Creating Wealth guest. Dan is a senior fellow at the Cato Institute and talks about high corporate taxes, the fiscal policy, and recommendations on how a country's economy can grow instead of collapse.
1:40 – Fernando shares his opinion on the mastermind group he and Jason are currently attending.
5:50 – Fernando has two questions about upcoming property renewals and wants to pick Jason's brain on what he should do.
15:20 – Jason introduces Dan Mitchell.
20:05 – Taxing US citizens world wide is a nightmare.
26:05 – The US understands that it can't go down the same route as failing economies like Greece.
33:58 – We can no longer view the government as a sugar daddy.
Mentioned In This Episode:
Mon, 20 April 2015
CW 505 – How Declining Home Ownership Rates for Millennials Creates Opportunities For Real Estate Investors with Jason Hartman
Jason starts by talking about the Millennial demographic and its benefits for real estate investors. In relation to this, he reads an article on the renter market and why fewer people are purchasing homes. He also takes the time to answer a couple of listener questions about home-owner risk mitigation and renting versus owning property on today's show.
2:00 – Millennials have seen their parents get burned by the real estate crash.
7:40 – Millennials are putting off marriage, living with their parents, and have massive student loan debt.
9:35 – It's hard to get good stats on individual home owners or single family homes.
11:35 – If Fannie Mae and Freddie Mac were to go away, it would free up 25 million new renters.
14:30 – Jason answers a listener question about risk mitigation for properties.
19:20 – Jason answers another question about renting versus owning.
27:05 – Next episode Jason will have Dan Mitchell, Senior Fellow from the Cato Institute, on the show.
Mentioned In This Episode:
Fri, 17 April 2015
CW 504 FBF – Nominal Dollars vs Real Dollars and Understanding Investor Psychology with Investment Counselor Sara
Jason Hartman talks with investment counselor, Sara, about investor psychology, overcoming obstacles and getting out of our own way. The smoke-and-mirrors propaganda perpetuated by mainstream media (lamestream media as Sarah Palin says) in reporting the new high in the Dow Jones Industrial Average (DJIA).
They almost always fail to distinguish between nominal dollars and real dollars. Jason illustrates how investors have actually lost money in inflation adjusted dollars and how the Dow has to increase a lot more before investors break even based on the two peaks. This lie is even worse when one considers how inflation is underreported in the consumer price index (CPI and CPI-U) due to weighting, substitution and hedonics (the hedonic index). Another misrepresentation is the ‘core rate’ or ‘core inflation’ which strips out food and energy because they’re too volatile. Jason shares some interesting data from ZeroHedge.com.
Jason and Sara discuss announce the Memphis Distressed Property Tour and Creating Wealth Bootcamp, register at: http://www.jasonhartman.com/ (click on “events”). The Memphis Hilton will host the event.
You’ll hear a mortgage financing panel from Jason’s ‘Meet the Masters of Income Property Investing’ event last January in Irvine, California. Many topics are discussed, including:
Wed, 15 April 2015
CW 503 – Salvatore Buscemi – Rent-to-Value Ratios with Jason’s Mom & Crowdfunding For Real Estate Investments, Dandrew Partners NY
To start, Jason's mother joins Creating Wealth to speak on the latest in the real estate market and rent to value ratios. Today's Creating Wealth guest is Managing Director of Dandrew Partners New York, Salvatore Buscemi. Dandrew Parnters specializes in non-performing residential mortgages. Salvatore talks about why the real estate market collapsed, dealing with inexperienced investors, real estate crowd funding, and more on today's show.
2:00 – Jason's mother will be joining the Memphis property tour.
19:05 – Jason is waiting for space flights to be cheaper before he goes.
21:20 – Jason welcomes Salvatore Buscemi to the show.
30:20 – Not everyone is a crook, they just may be inexperienced.
40:05 – Many crowd funded deals are dealing with a less experienced investor who might not be able to bring a lot to the table.
48:30 – Foreigners still see America as a safe place to put their money.
60:50 – It can be hard to find legit real estate deals. Always ask the hard questions first.
Mentioned In This Episode:
Mon, 13 April 2015
CW 502 – Memphis Real Estate Property Tour Preview & Jason Hartman Talks One-On-One with a Creating Wealth Listener
Jason Hartman reads a listener question about the rental rates decreasing and what to do about it. He also invites Jurgen Neugebohrn to the show and answers some of his personal questions. Jurgen is in the oil industry in Saudi Arabia and is interested in the real estate market. He has some very interesting questions for Jason to answer and picks Jason's brain on investing in real estate.
4:50 – You don't hear about the people who have lost money investing in low rent to value ratio markets.
7:25 – Jason reads a listener question about rental rates decreasing.
12:15 – Remember to join our Memphis property tour!
13:50 – Jason introduces Jurgen, an online listener, to the show.
19:50 – What's Saudi Arabia like?
23:30 – According to Jim Norman, the reason why oil prices are so low now is because the US is trying to economically hurt Russia and Venezuela.
25:00 Jason explains why he disagrees with Harry Dent.
32:00 – Jason doesn't have a check list on what you should buy because properties vary depending on the investor's needs.
35:35 – Jurgen asks one last question about Fernando's independence day.
Mentioned In This Episode:
The Oil Card by Jim Norman
Fri, 10 April 2015
CW 501 FBF – Monetary Futures & History with Master Economist Martin Armstrong Former Chairman of Princeton Economics International
If you thought economics was boring, think again. At the heart of wars, land grabs, politics, history, and almost any sort of human interaction lies economics. Remember – economics is about money, and money, depending upon your perspective, either makes the world go ‘round or is the root of all evil.
Either way, Jason Hartman’s interview of master economist, Martin Armstrong, for episode #382 of The Creating Wealth Show makes for scintillating listening. First, some background.
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. 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 cycles. He is known for claiming to have predicted the crash of 1987 to the very day. 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.
During this interview Jason and Martin delve into a number of topics:
Inflation vs. Deflation
Other notes of interest from the interview: