Creating Wealth Real Estate Investing with Jason Hartman

Jason and Naresh discuss the lure of working on Wall Street and how big firms lure college kids with 6 figure salaries and pricey hotel stays. They delve into real estate being the most multidimensional asset class and the financial protections it offers. They reflect on clients who are using money from their corporate jobs to build their real estate portfolios by investing in income property on their way to becoming financially independent. And finally, the unsafe, unstable investment of gold.

Key Takeaways:

[2:01] Florida is very desirable for a lot of reasons

[4:15] Naresh went to Duke and worked on Wall Street

[6:12] An example of a Super Day at Morgan Stanley

[10:06] Kids don’t aspire to work on Wall Street, they are courted in college

[11:22] $150,000 a year right out of school

[13:06] We sell out when we become adults

[14:38] Venture Alliance event in September go to JasonHartman.com to sign up

[15:06] Invest money from your corporate career as a base on which to build your wealth

[16:44] You have no idea how the machine called Wall Street works

[17:38] Will gold continue to drop in value?

[18:20] Generation Y, what is it they find value in

[19:29] 7 reasons real estate is better than gold

[22:03] Your best insurance is a high loan balance

[23:25] Is your gold hiding offshore? How do you know it’s in storage?

[25:22] Jason’s Grandfather was a coin collector and had his home invaded for it

[28:45] 25% down for cash on cash return of 12% annually

[30:00] Multidimensional asset class is basically many different dimensions of income

[31:00] Information on future episodes

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Jason Hartman is joined by contributing author for GoldMoney.com, Alasdair MacLeod for a rousing discussion of the decline of the European economy, the mistakes of the European Central Bank and EU, and how “governments are eating their own children.”

Alasdair makes a rather accurate comparison between the fall of Rome and the current economic disaster around the world, calling it the Nero influence. Governments continue to spend money and introduce new taxes that are detrimental to the people they serve. The ECB is now lowering collateral standards as they run out of quality collateral, such as taking on mortgage-backed securities, in exchange for helping banks and governments.

Alasdair said the real problem among Greece, Spain, Italy and other countries in crisis is that they are broke, yet they continue to meet to discuss increasing spending to build infrastructure and creating token taxes. Governments the world round are in a debt trap, including the U.S. Alasdair feels there is only one way to defer the imminent fall and that is for the Central Banks to come together and put into play quantitative easing.

Governments would then need to seriously cut their excessive, wasteful spending.

Jason Hartman is joined by contributing author for GoldMoney.com, Alasdair MacLeod for a rousing discussion of the decline of the European economy, the mistakes of the European Central Bank and EU, and how “governments are eating their own children.”

Alasdair makes a rather accurate comparison between the fall of Rome and the current economic disaster around the world, calling it the Nero influence. Governments continue to spend money and introduce new taxes that are detrimental to the people they serve. The ECB is now lowering collateral standards as they run out of quality collateral, such as taking on mortgage-backed securities, in exchange for helping banks and governments.

Alasdair said the real problem among Greece, Spain, Italy and other countries in crisis is that they are broke, yet they continue to meet to discuss increasing spending to build infrastructure and creating token taxes. Governments the world round are in a debt trap, including the U.S. Alasdair feels there is only one way to defer the imminent fall and that is for the Central Banks to come together and put into play quantitative easing.

Governments would then need to seriously cut their excessive, wasteful spending.

If you are in control of your life your kids do not talk back to you, you tell the waiter your food is subpar and you believe in every single word you say. If the aforementioned doesn’t ring true for you then you need to “grow a pair” and get your house in order. If you decide not to tell someone they are stealing your time and money at your business then by default you are condoning it. Larry believes you are providing people a service by telling them the truth. They need to experience the failure and the pain in order to allow them to learn from their mistakes. Keeping quiet doesn’t help anybody. 

Last call for Jason Hartman University Live in San Diego

Key Takeaways:

Jason’s Editorial:

[1:58] Our 2 day content driven real estate investment course, JHU Live! in sunny San Diego 

[3:33] The Venture Alliance trip to Newport Rhode Island in the last days of September

[4:56] Is this the beginning of the economic meltdown

[6:04] Content for JHU Live includes specialists in land contracts and investment property lenders 

Larry Winget Interview:

[8:07] Entitlement is the biggest enemy to our society

[8:59] People need stronger opinions and need to stand up for them

[9:44] Living on the edge is what gets one into history books

[10:50] The “I have a pair” test 

[12:16] If you put up with something you condone it

[12:50] If you want to do the other party a service speak up about crappy service

[13:54] Peale’s “ruined by praise than saved by criticism” quote

[14:57] Ground your opinion and refuse to create drama

[16:14] I provoke people on purpose 

[17:33] Which is better having rabid fans or rabid enemies

[19:35] I can count on my haters, they buy my products 

[20:28] Numbness is a caused by a of lack of confidence in a speaker's’ faith in what they say 

[21:51] Businesses can grow a pair by refusing to tolerate thieves or 20% of their employees

[23:27] We expect more out of our government than we expect out of ourselves 

[25:21] Being in the middle is a safe place but it’s no fun

[27:12] Honest and open communication isn’t welcome in a world of political correctness

[28:44] I respect all opinions on my social media page 

[30:38] It’s not about changing somebody else it’s always about yourself

[32:49] Kid’s need to experience failure and friends need the truth

If you are in control of your life your kids do not talk back to you, you tell the waiter your food is subpar and you believe in every single word you say. If the aforementioned doesn’t ring true for you then you need to “grow a pair” and get your house in order. If you decide not to tell someone they are stealing your time and money at your business then by default you are condoning it. Larry believes you are providing people a service by telling them the truth. They need to experience the failure and the pain in order to allow them to learn from their mistakes. Keeping quiet doesn’t help anybody.

Last call for Jason Hartman University Live in San Diego

Key Takeaways:

Jason’s Editorial:

[1:58] Our 2 day content driven real estate investment course, JHU Live! in sunny San Diego

[3:33] The Venture Alliance trip to Newport Rhode Island in the last days of September

[4:56] Is this the beginning of the economic meltdown

[6:04] Content for JHU Live includes specialists in land contracts and investment property lenders

Larry Winget Interview:

[8:07] Entitlement is the biggest enemy to our society

[8:59] People need stronger opinions and need to stand up for them

[9:44] Living on the edge is what gets one into history books

[10:50] The “I have a pair” test

[12:16] If you put up with something you condone it

[12:50] If you want to do the other party a service speak up about crappy service

[13:54] Peale’s “ruined by praise than saved by criticism” quote

[14:57] Ground your opinion and refuse to create drama

[16:14] I provoke people on purpose

[17:33] Which is better having rabid fans or rabid enemies

[19:35] I can count on my haters, they buy my products

[20:28] Numbness is a caused by a of lack of confidence in a speaker's’ faith in what they say

[21:51] Businesses can grow a pair by refusing to tolerate thieves or 20% of their employees

[23:27] We expect more out of our government than we expect out of ourselves

[25:21] Being in the middle is a safe place but it’s no fun

[27:12] Honest and open communication isn’t welcome in a world of political correctness

[28:44] I respect all opinions on my social media page

[30:38] It’s not about changing somebody else it’s always about yourself

[32:49] Kid’s need to experience failure and friends need the truth

Many of you have trusted us with your past and ongoing real estate investment transactions and we appreciate it. We take time in today’s episode to share your successes with others, discuss the joy of seeing you at live events and invite you to contact us if you would like to be on the show. We enjoy having you as clients and we are happy to offer you the type of service that a group of our size can acquire. Your investment portfolio’s are leading you towards financial freedom and your stories are inspirational. Thanks and congratulations from our entire team. 

Key Takeaways:

[1:42] Talking directly to you the clients and the listeners

[3:17] Freedom is the benefit of investments

[3:55] Fannie Mae/Freddie Mac guidelines - 10 loan per person limit

[4:50] Congratulations to those building great portfolios! Add applause here

[6:29] Russ - a real client story about firing his boss

[9:06] Kathy from California signed up for JHU Live

[9:30] Congrats to Jessie for a recent close of properties in Memphis

[10:01] Over Diversification is more than 3-5 markets 

[10:50] Getting clients to open up about their goals from the beginning  

[13:00] Feedback helps you to consolidate and double down in a few good markets 

[16:06] A B market with an A team is better than an A market with a B team

[18:00] Our organization gives you leverage through quantity

[18:57] The soft factors are personalities 

[19:54] Free shirts for investment therapists and matchmaking

[21:05] It truly is still a Mom and Pop business structure which preserves our opportunities

[23:26] Toby’s personal experience of a 19 property portfolio

[25:17] A shout out to Andy & Stacy for continued success

[26:09] The shoulda coulda woulda mentality 

[27:04] Damon & Bill working land contracts 

[29:03] We’d love to have you on the show 

[30:18] JHU Live & Venture Alliance events are coming up soon

[31:34] Lifetime rental coordination through our organization

[32:03] Come out and meet us at our live events at least once a year

Mentions:

JHU Live - Register here 

JasonHartman.com

[email protected] for 30% off 

Many of you have trusted us with your past and ongoing real estate investment transactions and we appreciate it. We take time in today’s episode to share your successes with others, discuss the joy of seeing you at live events and invite you to contact us if you would like to be on the show. We enjoy having you as clients and we are happy to offer you the type of service that a group of our size can acquire. Your investment portfolio’s are leading you towards financial freedom and your stories are inspirational. Thanks and congratulations from our entire team.

Key Takeaways:

[1:42] Talking directly to you the clients and the listeners

[3:17] Freedom is the benefit of investments

[3:55] Fannie Mae/Freddie Mac guidelines - 10 loan per person limit

[4:50] Congratulations to those building great portfolios! Add applause here

[6:29] Russ - a real client story about firing his boss

[9:06] Kathy from California signed up for JHU Live

[9:30] Congrats to Jessie for a recent close of properties in Memphis

[10:01] Over Diversification is more than 3-5 markets

[10:50] Getting clients to open up about their goals from the beginning

[13:00] Feedback helps you to consolidate and double down in a few good markets

[16:06] A B market with an A team is better than an A market with a B team

[18:00] Our organization gives you leverage through quantity

[18:57] The soft factors are personalities

[19:54] Free shirts for investment therapists and matchmaking

[21:05] It truly is still a Mom and Pop business structure which preserves our opportunities

[23:26] Toby’s personal experience of a 19 property portfolio

[25:17] A shout out to Andy & Stacy for continued success

[26:09] The shoulda coulda woulda mentality

[27:04] Damon & Bill working land contracts

[29:03] We’d love to have you on the show

[30:18] JHU Live & Venture Alliance events are coming up soon

[31:34] Lifetime rental coordination through our organization

[32:03] Come out and meet us at our live events at least once a year

Mentions:

JHU Live - Register here

JasonHartman.com

[email protected] for 30% off

Jason Hartman hosts an interesting interview with Professor Laurence Kotlikoff, author of The Clash of Generations: Saving Ourselves, Our Kids, Our Economy, regarding the problems with the economy and the effect that the astronomical national debt and government spending will have on generations to come.

Professor Kotlikoff paints a picture of the magnitude of these issues very clearly, explaining that the fiscal gap is $211 trillion. He explains that we would have to raise every federal tax immediately and permanently by 64 percent or cut all non-interest spending by the government (Medicare, Social Security, defense spending, etc) by 40 percent. “The country is broke, totally broke,” says Professor Kotlikoff. He emphasizes that this applies to today, not 75 years down the road.

Jason and Professor Kotlikoff also discuss why the 2007 quadrupled money base through money printing hasn’t hit the streets yet in the form of hyperinflation. Essentially, banks are being bribed to hold money reserves by the Fed.

In simplistic terms, the Federal Reserve prints the money, lends it out at very low interest rates to the banks, and then the banks deposit it back with the Federal Reserve and get a higher interest rate. This makes banks more solvent over time without the public ever knowing what is going on. Professor Kotlikoff also talks about a proposal to fix the financial system, which he refers to as a fragile system, presently a “trust me” banking system where the public is unaware of what the banks are doing with their money.

Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., a company specializing in financial planning software, a frequent columnist for Bloomberg and Forbes, and a blogger for The Economist and The Huffington Post.

Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. From 1977 through 1983 he served on the faculties of economics of the University of California, Los Angeles and Yale University. In 1981-82 Professor Kotlikoff was a Senior Economist with the President’s Council of Economic Advisers.

Professor Kotlikoff is author or co-author of 15 books and hundreds of professional journal articles. His most recent books are The Clash of Generations (co-authored with Scott Burns, MIT Press), Jimmy Stewart Is Dead (John Wiley & Sons), Spend ‘Til the End, (co-authored with Scott Burns, Simon & Schuster), The Healthcare Fix (MIT Press), and The Coming Generational Storm (co-authored with Scott Burns, MIT Press).

Professor Kotlikoff publishes extensively in newspapers, and magazines on issues of financial reform, personal finance, taxes, Social Security, healthcare, deficits, generational accounting, pensions, saving, and insurance. Professor Kotlikoff has served as a consultant to the International Monetary Fund, the World Bank, the Harvard Institute for International Development, the Organization for Economic Cooperation and Development, the Swedish Ministry of Finance, the Norwegian Ministry of Finance, the Bank of Italy, the Bank of Japan, the Bank of England, the Government of Russia, the Government of Ukraine, the Government of Bolivia, the Government of Bulgaria, the Treasury of New Zealand, the Office of Management and Budget, the U.S. Department of Education, the U.S. Department of Labor, the Joint Committee on Taxation, The Commonwealth of Massachusetts, The American Council of Life Insurance, Merrill Lynch, Fidelity Investments, AT&T, AON Corp., and other major U.S. corporations.

He has provided expert testimony on numerous occasions to committees of Congress including the Senate Finance Committee, the House Ways and Means Committee, and the Joint Economic Committee.

Jason Hartman hosts an interesting interview with Professor Laurence Kotlikoff, author of The Clash of Generations: Saving Ourselves, Our Kids, Our Economy, regarding the problems with the economy and the effect that the astronomical national debt and government spending will have on generations to come.

Professor Kotlikoff paints a picture of the magnitude of these issues very clearly, explaining that the fiscal gap is $211 trillion. He explains that we would have to raise every federal tax immediately and permanently by 64 percent or cut all non-interest spending by the government (Medicare, Social Security, defense spending, etc) by 40 percent. “The country is broke, totally broke,” says Professor Kotlikoff. He emphasizes that this applies to today, not 75 years down the road.

Jason and Professor Kotlikoff also discuss why the 2007 quadrupled money base through money printing hasn’t hit the streets yet in the form of hyperinflation. Essentially, banks are being bribed to hold money reserves by the Fed.

In simplistic terms, the Federal Reserve prints the money, lends it out at very low interest rates to the banks, and then the banks deposit it back with the Federal Reserve and get a higher interest rate. This makes banks more solvent over time without the public ever knowing what is going on. Professor Kotlikoff also talks about a proposal to fix the financial system, which he refers to as a fragile system, presently a “trust me” banking system where the public is unaware of what the banks are doing with their money.

Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., a company specializing in financial planning software, a frequent columnist for Bloomberg and Forbes, and a blogger for The Economist and The Huffington Post.

Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. From 1977 through 1983 he served on the faculties of economics of the University of California, Los Angeles and Yale University. In 1981-82 Professor Kotlikoff was a Senior Economist with the President’s Council of Economic Advisers.

Professor Kotlikoff is author or co-author of 15 books and hundreds of professional journal articles. His most recent books are The Clash of Generations (co-authored with Scott Burns, MIT Press), Jimmy Stewart Is Dead (John Wiley & Sons), Spend ‘Til the End, (co-authored with Scott Burns, Simon & Schuster), The Healthcare Fix (MIT Press), and The Coming Generational Storm (co-authored with Scott Burns, MIT Press).

Professor Kotlikoff publishes extensively in newspapers, and magazines on issues of financial reform, personal finance, taxes, Social Security, healthcare, deficits, generational accounting, pensions, saving, and insurance. Professor Kotlikoff has served as a consultant to the International Monetary Fund, the World Bank, the Harvard Institute for International Development, the Organization for Economic Cooperation and Development, the Swedish Ministry of Finance, the Norwegian Ministry of Finance, the Bank of Italy, the Bank of Japan, the Bank of England, the Government of Russia, the Government of Ukraine, the Government of Bolivia, the Government of Bulgaria, the Treasury of New Zealand, the Office of Management and Budget, the U.S. Department of Education, the U.S. Department of Labor, the Joint Committee on Taxation, The Commonwealth of Massachusetts, The American Council of Life Insurance, Merrill Lynch, Fidelity Investments, AT&T, AON Corp., and other major U.S. corporations.

He has provided expert testimony on numerous occasions to committees of Congress including the Senate Finance Committee, the House Ways and Means Committee, and the Joint Economic Committee.

Do you have the sense to wait out the market during lag times? Buy and hold is Jason’s philosophy and he is a self made multi millionaire. The average American will never buy at the markets lowest point nor sell at the highest point. For most it takes time for the media’s influence to inspire action which means always being late to the game. Increasing your knowledge and learning pertinent facts and figures will help you to anticipate upcoming changes in the market. This September in San Diego is your opportunity to receive a complete real estate investment education so you too can create your own wealth. You can sign up at Jasonhartman.com and don’t forget to claim 30% off of JHU Live with screenshot of your iTunes review. 

Key Takeaways:

[2:10] The impact of technology on inflation 

[3:18] Rate of change in inflation rates 

[6:01] Deflation in 2015 - July being the most deflationary month ever in the U.S.

[8:24] Maintaining yield with the income and expense ratios

[9:53] Staying power through lag time 

[11:09] How deflation affects real estate markets 

[13:58] Cash flow allows you to weather the downmarket storm

[16:15] Jason’s Commandment #5 - Thou shalt not gamble

[18:22] Naresh questions what happens to the real estate market if we see a rate hike in 2016

[19:00] The 3 dimensions of real estate are buy, rent or homeless

[21:42] Multidimensional asset class and price discovery 

[23:08] An example of an exchange to a linear market

[25:00] Jason Hartman University Live in San Diego and Venture Alliance trip to Rhode Island 

[30:00] Gold doesn’t produce income and its not a good asset class 

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