Creating Wealth Real Estate Investing with Jason Hartman

Today's Flash Back Friday comes from Episode 872, originally published in August 2017.

Jason welcomes Patrick Donohoe of The Wealth Standard Podcast to discuss the dirty details of pensions, insurance policies and Ponzi schemes. Jason describes the difficulties and common mistakes average retail investors make when investing in financial services. And, Pat gives a comprehensive overview of how to make the most of your existing policies in order to invest your money in the most historically-proven asset class, income property.

Key Takeaways:

[02:25] Is the US a giant Ponzi scheme?

[05:31] Understanding the difference between pension benefit plans and contribution plans is essential.

[15:15] The financial service industry preys on retail investors.

[20:49] Harry Markopolos is waiting to capitalize on a market correction.

[27:09] Analyzing the patterns and mistakes of the middle-class investor.

[35:27] The Wealth Standard Podcast focuses on helping individuals understand the comprehensive nature of the economy.

[37:49] Pat explains how policyholders can reduce their risk and get investment money for cash-flow properties.

Mentioned in This Episode:

Be Your Bank

The Wealth Standard

The Wizard of Lies

401K Jail Article

Venture Alliance Mastermind

Today's Flash Back Friday comes from Episode 872, originally published in August 2017.

Jason welcomes Patrick Donohoe of The Wealth Standard Podcast to discuss the dirty details of pensions, insurance policies and Ponzi schemes. Jason describes the difficulties and common mistakes average retail investors make when investing in financial services. And, Pat gives a comprehensive overview of how to make the most of your existing policies in order to invest your money in the most historically-proven asset class, income property.

Key Takeaways:

[02:25] Is the US a giant Ponzi scheme?

[05:31] Understanding the difference between pension benefit plans and contribution plans is essential.

[15:15] The financial service industry preys on retail investors.

[20:49] Harry Markopolos is waiting to capitalize on a market correction.

[27:09] Analyzing the patterns and mistakes of the middle-class investor.

[35:27] The Wealth Standard Podcast focuses on helping individuals understand the comprehensive nature of the economy.

[37:49] Pat explains how policyholders can reduce their risk and get investment money for cash-flow properties.

Mentioned in This Episode:

Be Your Bank

The Wealth Standard

The Wizard of Lies

401K Jail Article

Venture Alliance Mastermind

Jason Hartman and Adam start off today's show talking about the topic of the news today: Trump's billion dollar "loss" over a 10 year period. What the media fails to mention throughout the whole thing is that he didn't actually LOSE any of that money, he simply had massive deductions thanks to the beauty of real estate phantom deductions.

Then Jason talks with Steve Jones, CEO of Allied Universal and author of the book No Off Season: The Constant Pursuit of More, about how his career in sports translated into business success. Steve and Jason look at the various skills learned in sports and how can each be applied to the business world, whether you're an employee or employer.

Key Takeaways:

[2:55] People are horribly off target thinking Trump is a "Billion Dollar Loser"

[5:21] Real estate deductions run on a depreciation schedule

[9:37] Real estate offers you a tax deduction you can't get any other way

[11:44] How property tax states are able to increase their revenue through land value

Steve Jones Interview:

[18:16] Your ability to overcome obstacles is going to make or break your success

[21:05] Sports teaches you how to work as a team

[24:10] Some techniques on how to keep the team cohesive when dealing with adversity

[27:49] With no action steps in place you only have a dream, not a plan

Website:

www.AUS.com

www.JasonHartman.com/Properties

Jason Hartman and Adam start off today's show talking about the topic of the news today: Trump's billion dollar "loss" over a 10 year period. What the media fails to mention throughout the whole thing is that he didn't actually LOSE any of that money, he simply had massive deductions thanks to the beauty of real estate phantom deductions.

Then Jason talks with Steve Jones, CEO of Allied Universal and author of the book No Off Season: The Constant Pursuit of More, about how his career in sports translated into business success. Steve and Jason look at the various skills learned in sports and how can each be applied to the business world, whether you're an employee or employer.

Key Takeaways:

[2:55] People are horribly off target thinking Trump is a "Billion Dollar Loser"

[5:21] Real estate deductions run on a depreciation schedule

[9:37] Real estate offers you a tax deduction you can't get any other way

[11:44] How property tax states are able to increase their revenue through land value

Steve Jones Interview:

[18:16] Your ability to overcome obstacles is going to make or break your success

[21:05] Sports teaches you how to work as a team

[24:10] Some techniques on how to keep the team cohesive when dealing with adversity

[27:49] With no action steps in place you only have a dream, not a plan

Website:

www.AUS.com

www.JasonHartman.com/Properties

Jason Hartman and Adam start off today's show talking about the topic of the news today: Trump's billion dollar "loss" over a 10 year period. What the media fails to mention throughout the whole thing is that he didn't actually LOSE any of that money, he simply had massive deductions thanks to the beauty of real estate phantom deductions.

Then Jason talks with Steve Jones, CEO of Allied Universal and author of the book No Off Season: The Constant Pursuit of More, about how his career in sports translated into business success. Steve and Jason look at the various skills learned in sports and how can each be applied to the business world, whether you're an employee or employer.

Key Takeaways:

[2:55] People are horribly off target thinking Trump is a "Billion Dollar Loser"

[5:21] Real estate deductions run on a depreciation schedule

[9:37] Real estate offers you a tax deduction you can't get any other way

[11:44] How property tax states are able to increase their revenue through land value

Steve Jones Interview:

[18:16] Your ability to overcome obstacles is going to make or break your success

[21:05] Sports teaches you how to work as a team

[24:10] Some techniques on how to keep the team cohesive when dealing with adversity

[27:49] With no action steps in place you only have a dream, not a plan

Website:

www.AUS.com

www.JasonHartman.com/Properties

Jason Hartman wraps up his talk with Drew from yesterday, as the two leave the topic of self-management and delve into more economic lines of conversation. Jason brings up a recent Peter Schiff tweet and the two dissect whether it holds water in today's environment, as well as discussing how articially low interest rates are impacting the investing landscape we see today. They also discuss a different way to look at the rents you're collecting from your tenants in a way that makes it even more powerful than it looks at first glance.

Key Takeaways:

[3:01] If falling consumer prices have been good for the last 100 years, why does the Fed think they're bad now?

[6:25] The artificially low interest rates are encouraging bad investments

[10:24] Who's going to get hit hardest in the next recession?

[14:10] Targeted advertising is keeping us from seeing a large chunk of the world today

[19:54] It's important to hold yourself accountable the same way you hold your tenants accountable when dealing with your investment properties

[23:57] Your tenants are working 33-40% of their work life just to pay you

Website:

www.JasonHartman.com/Properties

Jason Hartman wraps up his talk with Drew from yesterday, as the two leave the topic of self-management and delve into more economic lines of conversation. Jason brings up a recent Peter Schiff tweet and the two dissect whether it holds water in today's environment, as well as discussing how articially low interest rates are impacting the investing landscape we see today. They also discuss a different way to look at the rents you're collecting from your tenants in a way that makes it even more powerful than it looks at first glance.

Key Takeaways:

[3:01] If falling consumer prices have been good for the last 100 years, why does the Fed think they're bad now?

[6:25] The artificially low interest rates are encouraging bad investments

[10:24] Who's going to get hit hardest in the next recession?

[14:10] Targeted advertising is keeping us from seeing a large chunk of the world today

[19:54] It's important to hold yourself accountable the same way you hold your tenants accountable when dealing with your investment properties

[23:57] Your tenants are working 33-40% of their work life just to pay you

Website:

www.JasonHartman.com/Properties

Jason Hartman wraps up his talk with Drew from yesterday, as the two leave the topic of self-management and delve into more economic lines of conversation. Jason brings up a recent Peter Schiff tweet and the two dissect whether it holds water in today's environment, as well as discussing how articially low interest rates are impacting the investing landscape we see today. They also discuss a different way to look at the rents you're collecting from your tenants in a way that makes it even more powerful than it looks at first glance.

Key Takeaways:

[3:01] If falling consumer prices have been good for the last 100 years, why does the Fed think they're bad now?

[6:25] The artificially low interest rates are encouraging bad investments

[10:24] Who's going to get hit hardest in the next recession?

[14:10] Targeted advertising is keeping us from seeing a large chunk of the world today

[19:54] It's important to hold yourself accountable the same way you hold your tenants accountable when dealing with your investment properties

[23:57] Your tenants are working 33-40% of their work life just to pay you

Website:

www.JasonHartman.com/Properties

Jason Hartman talks with client Drew Baker in part 1 of their interview about the new developments in Drew's journey in self-management. Drew gives Jason a rundown on how he deals with lease renewals, some of the repairs he's doing to his properties in order to retain his tenants, and what software he's using to keep track of it all. Jason also gives Drew a little bit of advice on how he may be able to accelerate his depreciation in a cost effective manner.

Key Takeaways:

[5:15] The one type of pollution that China doesn't have, that America has PLENTY of, is noise pollution

[10:35] An update on Drew's self-management process

[13:38] Cost segregation studies have become reasonably priced for single-family homes and could well be worth the cost

[18:29] Drew tries to get his leases to come up for renewal in the warmer months, as well as signing a 2 year lease

[22:00] Drew's approach to lease renewals

Website:

www.JasonHartman.com/Properties

Jason Hartman talks with client Drew Baker in part 1 of their interview about the new developments in Drew's journey in self-management. Drew gives Jason a rundown on how he deals with lease renewals, some of the repairs he's doing to his properties in order to retain his tenants, and what software he's using to keep track of it all. Jason also gives Drew a little bit of advice on how he may be able to accelerate his depreciation in a cost effective manner.

Key Takeaways:

[5:15] The one type of pollution that China doesn't have, that America has PLENTY of, is noise pollution

[10:35] An update on Drew's self-management process

[13:38] Cost segregation studies have become reasonably priced for single-family homes and could well be worth the cost

[18:29] Drew tries to get his leases to come up for renewal in the warmer months, as well as signing a 2 year lease

[22:00] Drew's approach to lease renewals

Website:

www.JasonHartman.com/Properties