Creating Wealth Real Estate Investing - Archive Episodes 301-400

Introduction:

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.

Key Takeaways:

(1:07) With Doug, discussing insights from recent conference(15:55) Discussing the current direction of the market(20:18) A quick word on the upcoming Little Rock property tour(21:52) A special message from Bill Clinton(22:28) Introducing Bill Cheney(22:36) Employment and the job market(28:45) On the current sentiment regarding the stock market, the economy, and housing(32:19) Remarks on the stock market(43:09) Closing comments

Links:

Visit John Hancock Financial at www.johnhancock.com.

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.

Key Takeaways:

(1:14) Following up on previous podcast about inflation and 1984 cost of living(13:07) Reminder: Little Rock Creating Wealth Seminar and property tour(13:58) Introducing Rich Karlgaard(14:19) Rich Karlgaard discusses his latest book(27:45) On taking a career perspective when working within a company(29:54) On the power of story(34:51) Rich Karlgaard discussing his book Life 2.0(42:19) Comparing the cheapest places to live(46:27) What’s been going on at Forbes Magazine(52:59) Closing comments

Links:

Visit Forbes at www.forbes.com.Find out more about Rich Karlgaard at www.richkarlgaard.com.

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, lock pickers, 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 guesstimate on the best chance someone has in hacking the Fed.

Key Takeaways:

(0:50) Intro portion of the show(12:52) Looking at 1984(19:47) Upcoming Creating Wealth Seminar in Little Rock, Arkansas(27:27) Introducing Matthew Quirk(37:18) Discussion of social engineering(38:55) General thoughts on the role of the Fed(41:49) Security & The Fed(43:24) Closing comments

Links:

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

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

Key Takeaways:

(2:13) Why haven’t people paid more attention to the Little Rock market?(7:50) Little Rock & lifestyle rankings(11:37) Major employers in Little Rock(13:13) Looking at some Little Rock properties(18:22) On the military presence in Little Rock(19:22) Looking at another Little Rock property(23:34) Closing comments

Links:www.JasonHartman.com

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.

Key Takeaways:

(2:05) Reminder: Little Rock property tour coming up(6:04) YouTube video on landlord-tenant laws in Arkansas(15:53) Introducing William D. Cohan(16:17) The connection between the Duke lacrosse scandal and Wall Street(18:02) Similarities between the American university system and corporate financial institutions(21:19) Discussion of college tuition prices(23:29) The elitist bad boy attitude that plagues university campuses(26:15) William D. Cohan’s books about Wall Street(28:34) The 24/7 availability of modern media(29:45) Closing comments

Links:

Read William D. Cohan’s work on Bloomberg View at www.bloombergview.comVisit his work on Vanity Fair at www.vanityfair.comVisit www.williamcohan.com for articles, books, and further information.

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.

Key Takeaways:

(2:27) Little Rock Creating Wealth in Today’s Economy Boot Camp and property tour, and other announcements(4:28) A special message from Bill Clinton(5:01) News about Zillow’s acquisition of Trulia(19:19) Introducing Joel Naroff(19:55) Are we in a real economic recovery?(22:26) Joel Naroff’s inflation forecast(25:17) A look at the globalization of the economy and the US’ importing of deflation(27:02) Have we exploited the world’s cheap labor yet?(30:08) Tax policy and offshore businesses(35:50) Why the banks aren’t lending very much(39:37) How does the growing middle class in China affect Indiana?(43:40) Closing comments

Links:

For more information about Joe Naroff: www.NaroffEconomics.comFor more about Joel Naroff’s research: www.econsultsolutions.comOr, look up Big Picture Economics on Facebook

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

Key Takeaways:

(1:51) Discussing a few news items with Sarah before today’s guest interview(10:30) Debriefing about the last Creating Wealth Seminar(13:20) Earl Nightingale: We become what we think about(16:45) Discussing one property in Little Rock(29:08) Introducing Vitaliy Katsenelson(29:30) A general overview of the investment markets and the economy(31:53) On what has made Warren Buffet and Berkshire Hathaway so successful(37:28) How has Buffet changed over the years?(38:49) What it means to be a value investor, and why become one(43:33) Inflation & general economic outlook(49:28) US, China, Japan, Russia, & the global economy(57:04) Closing comments

Links:

Visit Vitaliy’s Katsenelson’s blog at www.contrarianedge.comFor more about Investment Management Associates: www.imausa.com

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.

Key Takeaways:

(1:18) Median housing prices in San Francisco(5:27) What $1 million will buy you around the world(18:20) A few words on the upcoming Little Rock property tour(19:25) Introducing Eve Wright(20:02) The inspiration behind the book Life at the Speed of Passion(21:00) Tools and techniques for achieving success(21:50) Cutting the emotional fat out of your life(26:13) How to refine oneself every day & some podcast recommendations(29:02) What does it mean to be happy?(32:18) Overcoming the fear of failure(33:25) Closing comments & contact information

Links:

For more information about Eve Wright: EveWright.us.Website of the Miami Heat: www.heat.comThe Spark, an Executive Development Program for Women: www.thesparkhq.comLife at the Speed of Passion: the book: www.LifeSpeedPassion.com

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

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.