In today’s Creating Wealth introduction, Jason Hartman reads out loud about a Realty Times article about Zillow’s evaluations and gives his comments on this. He also talks about military drones, regular drones, and reminds the audience that you can still purchase Meet the Master home study courses on JasonHartman.com!

Dr. David E. Goldberg is today’s Creating Wealth guest. David has a background in civil engineering and is also an author who has written several books about engineering and computer algorithms. Jason talks to David about his most recent book, A Whole New Engineer as well as genetic algorithms, why there is a decline in engineers, and more on today’s episode.

Key Takeaways:

3:45 – Jason talks about when he first started in the real estate business.

7:45 – Single family homes appreciate a lot better than other real estate classes.

13:40 – Jason reads out loud a Realty Times article about Zillow,

17:25 – Zillow agents say their estimates are ‘just a good starting point’, but what does that mean?

19:12 – Reminder: if you have any comments or questions for Jason, you can now leave voice messages on the website.

20:10 – Appraisals and CMAs show the data points, Zillow does not.

27:15 – Jason introduces his guest, Dr. David E. Goldberg.

30:30 – Designing a kidney by hand is almost impossible, but by using nature’s genetic algorithms as a base, you can speed up the process.

35:10 – There will always be a good and bad side to technological advances.

40:00 – At one point in our history, engineers were seen as rockstars.

46:00 – Engineering is fairly uninviting and there’s bigger paychecks else where.

51:10 – When students feel trusted, they end up achieving a lot more.

Tweetables:

“In 5 years, a $1,000 computer will almost be equal to the power of one human brain. We’ll see if that comes true.”

“Some of these technology advances, machine learning, and AI are already being baked into IT systems that we use on a daily basis.”

“We want the next Steve Jobs, who wasn’t an engineer, but we want our engineers to be that guy who starts the next great tech company.”

Mentioned In This Episode:

Zillow.com

http://realtytimes.com/consumeradvice/sellersadvice1/item/32910-20150218-starting-with-zillows-zestimate-may-not-get-you-very-far

The Singularity is Near by Ray Kurzweil

NoFlyZone.org

DoNotCall.gov
The visible hand by Alfred Chandler

http://bigbeacon.org/

http://www.amazon.com/David-E.-Goldberg/e/B000APHEJU

Whether it’s your spouse, significant other, family, friends, or even business associates, each individual speaks his or her own love language.  “The Five Love Languages” are:  Words of Affirmation, Quality Time, Receiving Gifts, Acts of Service, and Physical Touch.  Understanding which of these languages makes that special someone feel loved can be essential to the success of any relationship.   Join Jason Hartman and renowned author, Dr. Gary Chapman as they discuss these timeless concepts and how our primary language affects our interactions in our relationships.  Please visit: http://www.jasonhartman.com/podcast.

Dr. Gary Chapman seeks to fulfill his call to the ministry as a pastor, speaker, and author. He speaks extensively throughout the U.S. and internationally on marriage, family, and relationships. The government of Singapore invited him to present his marriage seminar there and the Chaplain’s Office of NATO issued a special invitation for Dr. Chapman to speak to the NATO forces in Germany. Other engagements have taken him to England, Africa, Saudi Arabia, Turkey, Mexico and Hong Kong. Sales exceeding 5 million copies earned him the Platinum Book Award from the Evangelical Publishers Association for The Five Love Languages, which has been translated into over thirty-six languages. Twenty-seven other books and five video series are also among his publications.

In today’s Creating Wealth show, Jason first talks about statistics and how so many people use it to manipulate others. He also talks about how there are still a few Meet the Masters home study courses left, so do not forget to order them now while supplies last!

Sara Silverstein joins Jason today on the Creating Wealth show to talk about  funny tongue and cheek correlations. She shares a few examples that she has found over the past few months as well as talks about the birthday paradox, the Wizard of Oz, and her next article for Business Insider about vaccines.

Key Takeaways:

1:45 – Jason talks about how you can mislead people with statistics.

8:45 – People self-select for jobs. Jason explains what he means by this.

14:10 – Jason introduces Sara.

17:30 – So many people don’t understand that a correlation does not always mean causation.

22:45 –  Sara is combing all of these weird correlations together to show people a very tongue and cheek view of how correlations work.

26:35 – You can take pretty much any two things and figure out a way to make them related.

29:15 – Both Jason and Sara talk about the conflict of interest dilemma.

33:00 – Is Wizard of Oz a story about the gold standard?

34:30 – Sara talks about the birthday paradox.

37:45 – Sara talks about her next upcoming article for Business Insider about vaccinations.

Tweetables:
“Conflict of interest is such a huge one and can explain a lot of issues and problems that we see.”

“There’s a lot of surprising things that people assign too much weight to. Sometimes people do well just by chance and we discount that.”

“The free-rider problem is basically people are using a community benefits, but some people are not paying their fair share.”

Mentioned In This Episode:

How to Lie with Statistics by Darrell Huff

Freakonomics by Stephen Dubner and Steven Levitt.

http://www.businessinsider.com/author/sara-silverstein

Today on the Creating Wealth show, Jason talks about some of the latest things he is up to as well as talks about an interesting opinion article published by the Washington Post. He does not have a guest for today’s show, so he does a deep dive into the real estate market and talks about why central planning never works for the home ownership market. He also gives his comments in between reading out loud the article published by Washington Post in this quick 30 minute Creating Wealth episode.

Key Takeaways:

1:30 – Jason loves Arizona weather.

6:00 – Jason talks about the Venture Alliance and welcomes two of the first members.

8:10 – Jason talks about what a general and limited partner means.

14:30 – High ownership rates are not good for society.

17:30 – Central planning does not work.

23:45 – Rental market is incredibly hot right now.

24:00 – Jason shares tips on how you can rent your property if you are having trouble.

26:50 – This kind of income property investing only works in the United States.

28:50 – Lots of new properties on JasonHartman.com right now. Check it out!

30:25 – The physical product of the Meet the Masters home study course is still on sale for half the price of the digital version.

Tweetables:

“Central planning does not work. There is no “right” level of home ownership.”

“There are nearly 400 distinct real estate markets in the United States of America.”

“Remember, your home is an expense, it’s not an investment. Anything that costs you money and does not produce income is an expense.”

Mentioned In This Episode:

http://www.washingtonpost.com/opinions/charles-lane-the-diminishing-returns-of-todays-homeownership-policies/2015/02/04/fe49e388-ac95-11e4-9c91-e9d2f9fde644_story.html

JasonHartman.com

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™.

Title:Three Felonies A Day with Harvey Silverglate

Introduction:

In today’s Creating Wealth intro, Jason invites his real estate counselor, Sarah, on the show. Sarah is excited about the Chicago real estate market. She is seeing some movement there as well as client interest. She also gives a friendly reminder to the Creating Wealth audience to make sure you do your due diligence with your income property to avoid any hassles and headaches.

Jason gets right into the show today with his guest, Harvey Silverglate. Harvey Silverglate is an attorney, writer, and advocate for civil liberties. Harvey talks about US laws that are not clearly defined on purpose, he shares his personal story about the FBI investigating him several times, and he also talks about his book, Three Felonies a Day, on today’s Creating Wealth show.

Key Takeaways:

1:50 – Jason talks to Sarah about how she did last month.

2:30 – Sarah is willing to send you individual property listings that haven’t hit the website yet. Just contact her!

3:40 – People talk about how Chicago is so dangerous, but Chicago is not as crime ridden as many people might think.

5:11 – Sarah encourages first-time investors to visit properties and get a feel for it.

8:08 – Don’t forget to do your homework and your due diligence!

9:20 – Jason introduces his guest, Harvey Silverglate.

14:20 – The federal law is very general and unclear by what ‘fraud’ really means.

17:55 – The feds are able to look at the daily activity of any citizen and they will be able to find something misleading.

21:50 – On three occasions Harvey has been investigated by the FBI.

25:30 – Civil fraud and federal fraud are two different things.

31:00 – How do we protect ourselves? Harvey explains.

34:20 – Harvey talks about the Gibson Guitar case and how ridiculous it was.

38:15 – Final thoughts? Harvey says be careful.

Tweetables:

“In order to be convicted of a crime, you have to know that you did the act and you have to know that the act was against the law.”

“In other words, the law becomes a trap rather than a legitimate statement of societies expectations.”

“The system of federal laws has been oriented toward government control of the citizen and that’s way it is so dangerous for liberty.”

Mentioned In This Episode:

http://www.harveysilverglate.com/

Three Felonies a Day by Harvey A. Silverglate

In today’s Creating Wealth intro, Jason talks about how he will be changing his portfolio soon. He will keep the audience posted when he decides where to buy from next. He also talks about two very important Business Insider articles about the topic of oil and how one of those articles contradict what today’s guest, Jim Norman, talks about on the show. Jason wants to provide an overall balanced opinion on the oil subject and reads out loud what both articles say.

Jim Norman is a second-time guest on the show and he talks to Jason primarily about oil and where it is headed. He is a now retired journalist and editor for Platts Oilgram, Forbes, and Business Week. He is also the author of The Oil Card, which you can buy off of Amazon. Jim and Jason talk about NYMEX manipulation, economic warfare, both Houston and North Dakota real estate markets, and more.

Key Takeaways:

2:20 – What the heck is happening with oil?

4:45 – One of Jason’s biggest mistakes in real estate is over-diversification.

8:50 – Always important in any business to consider the life time value of a customer.

13:30 – Governments hate deflation and will do everything they can to stop or delay it from happening.

19:00 – Jason introduces Jim Norman and they talk about his book, The Oil Card.

23:45 – It’s much easier to move oil prices around and manipulate them than any other commodity.

30:35 – Is oil really only worth $3 a barrel? Jim clarifies.

36:30 – It takes a while for economic warfare to succeed.

39:40 – Jim talks about whether Putin will be a threat or not.

45:50 – Prices can fall and remain long for a long time, especially in places like Houston.

53:45 – Jim doesn’t think the drop in oil prices is why things are cheaper. He believes it’s also due to technological advancements.

57:18 – It’s in the government’s favor to have inflation. According to Jim, all roads lead to inflation.

Tweetables:

“For oil prices, this is a political price, it’s not a fundamental price.”

“Global demand is not what it needs to be to soak up all the vast industrial capacity that’s been created globally.”

“Do you want jobs in the US or do you want low cost products?”

Mentioned In This Episode:

The Oil Card by James R. Norman.

Jason interviews his early mentor Dr. Denis Waitley on “The Psychology of Winning.” 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.  He has inspired, informed, challenged, and entertained audiences for over 25 years from the board rooms of multi-national corporations to the locker rooms of world-class athletes and in the meeting rooms of thousands of conventioneers throughout the world. Recently, he was voted business speaker of the year by the Sales and Marketing Executives’ Association and by Toastmasters’ International and  inducted into the International Speakers’ Hall of Fame.

With over 10 million  audio programs sold in 14 languages, Denis Waitley is one of the  most listened-to voices on personal and career success. He is the  author of 15 non-fiction books, including several international best  sellers, “Seeds of Greatness,” “Being the Best,” “The Winner’s  Edge,” “The Joy of Working,” and “Empires of the Mind.” His audio album, “The  Psychology of Winning,” is the all-time best selling program on  self-mastery.

Denis Waitley has studied and counseled winners in every field from Apollo astronauts to Superbowl champions, from sales achievers to government leaders  and youth groups. During the 1980’s, he served as Chairman of Psychology on the U. S. Olympic Committee’s Sports Medicine Council,  responsible for performance enhancement of all U. S. Olympic athletes.

Dr. Waitley is a founding director of the National Council on Self-Esteem and the President’s Council on Vocational Education, and recently received the “Youth Flame Award” from the National Council on Youth Leadership for his outstanding contribution to high school youth leadership.  As president of the International Society for Advanced Education, inspired by Dr. Jonas Salk, he counseled returning POWs from Viet Nam and conducted  simulation and stress management seminars for Apollo astronauts.  A graduate of the U. S. Naval Academy at Annapolis, and former Navy pilot, he holds a doctorate degree in human behavior.  Upcoming shows will feature: Asset Protection Attorney Mark Kholer, Marketing Guru Ted Nicholas, Federal Reserve Commentator Andre Eggeletion, Video Marketer Mike Koenigs, Internet Money Machine Yanik Silver, Organizational Expert David Allen and many other thought leaders

Jason Hartman introduces today’s Creating Wealth Show with a well-aimed stab at a recently published article alleging that it is now cheaper to buy a residential property than rent, and then opens up the discussion to a wider view on why we simply can’t trust statistics any more.

Later, he invites It’s All About Money presenter, Bill Tatro, to give his opinion on the important issues which affect Americans and their money today, such as oil prices, whether more of our money is going overseas or staying on home soil and why we can expect both inflationary and deflationary patterns in the next 10-15 years.

Key Takeaways

03.35 – Jason Hartman gives a brief explanation of the various types of property management available.

07.44 – Income property is the most leverage-favored asset. Take advantage of this!

12.43 – Keep your wits about you, even when reading news media. Not everything is quite as it seems.

17.50 – Want to be featured on Jason’s show? No problem! Head to www.JasonHartman.com/Jason

19.58 – Jason Hartman introduces today’s guest, Bill Tatro.

25.34 – Bill Tatro explains the reasoning behind Keynesianism in a more modern, comprehensible way.

28.31 – Yes, trillions of dollars have been printed, but how many of those have we actually seen?

31.22 – How can we hope to combat deflation?

36.02 – We can learn a lot from the actions of Greece, but will we learn?

40.42 – Past, current and predicted oil prices can tell us a lot about the state of our economy in terms of inflation or deflation.

43.12 – For more information, head to www.BillTatro.com

47.10 – What does the future look like through the eyes of an economist?

Mentioned in this episode

44th: A Presidential Conspiracy by Bill Tatro

Tweetables

Funds can’t get really high, really favorable leverage ratios; individuals can.

If math were the only contributing factor, the dollar would have collapsed a long time ago.

Does letting the weak fail and the strong survive work? It gave us the Roaring Twenties.

How much longer are the shale oil guys going to want to produce and lose money?

“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