Episodes
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Originally aired on CW 439.
There’s a nostalgic feeling to today’s Creating Wealth Show as Jason Hartman provides a live recording from the 2014 Meet the Masters event in Orange County, California. This gives listeners a taste of what they can expect from the January 2015 event in Irvine, California, and also provides a good opportunity to see how far the financial and real estate worlds have come over the past months. Key topics covered include the Case-Shiller index, reassessing Rent-to-Value ratios and the development of bitcoin.
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Welcome to the 500th episode of the Creating Wealth show. Jason is excited to bring on Fernando during the intro portion of the show. Fernando talks about how he first found about Jason’s podcast and how it’s been an incredible journey since then. Jason invites Guy Kawasaki on to the show to talk about social media and to also share some of his thoughts on the Steve Jobs work model.
Key Takeaways:
1:50 – Thank you for supporting the Creating Wealth show.
6:15 – Jason gives a highlight of some of the amazing guests he’s had on the show.
21:40 – Paul Zane Pilzer once talked about if you listen to the customer, you’ll always be looking in the rear view mirror.
27:30 – Jason welcomes Guy to the show.
34:30 – Guy talks about when he uses Periscope’s streaming service.
39:30 – Guy shares his advice on branding.
44:25 – Is it really the job of an entrepreneur to figure out what the customer wants before they know they want it?
47:45 – The right thing to do is always keep learning.
49:30 – Our technology right now gives entrepreneurs a lot of free tools to work with.
Tweetables:
“Imagine a need, create the need, and then fill the need.”
“It’s very hard to predict what’s stupid and what is brilliant and it’s a very fine line. The only way you can know is after the fact.”
“When you have a brilliant dictator, it’s a very efficient company. The problem is that there are many dictators, so few are brilliant.”
Mentioned In This Episode:
Way of the Peaceful Warrior by Dan Millman
VentureAllianceMastermind.com
@GuyKawasaki
GuyKawasaki.com
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Missing episodes?
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In the beginning of the episode, Jason announces that for his 500th Creating Wealth show he will have Guy Kawasaki on as a guest. Please look forward to that episode on Wednesday. On the podcast, Jason answers a couple of listener questions and talks about how Clayton Homes is using deceptive practices and fooling home owners. He also reminds his audience that the Memphis property tour is coming up and that his team has booked a dinner at Graceland where his property tour attendees may get a chance to see Elvis Presley himself! Please visit JasonHartman.com for more information on the property tour.
Key Takeaways:
1:30 – Guy Kawasaki will be the 500th guest. Look forward to listening to it on Wednesday.
6:00 – Jason plays and answers a listener question.
16:30 – Jason answers another listener question about how he allocates his investment funds.
23:50 – You can now have Jason as a silent partner in your real estate deals.
34:00 – Some deceptive practices have been happening at Clayton Homes.
40:20 – Remember the hamburger that was created in a lab a couple of years ago? Well, it costs $11 to make today.
45:50 – Don’t forget about the Memphis property tour. Go to JasonHartman.com for more info.
Tweetables:
“The inflation rate is bogus. It’s totally understated in so many ways.”
“We go to great pains to establish good inventory in the best investment markets in the United States.”
“The hamburger that was grown in a lab, it cost $325,000 to do that originally. Guess what? It’s now $11.”
Mentioned In This Episode:
http://www.seattletimes.com/business/real-estate/the-mobile-home-trap-how-a-warren-buffett-empire-preys-on-the-poor/
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Harry Dent is Editor of the FREE newsletter “Survive and Prosper.” His most recent book entitled “The Great Depression Ahead” explains “The Perfect Storm” as peak oil prices collide with peaking generational spending trends by 2010. More importantly, he shows how the economy’s life cycle will affect life, business, and investment strategies throughout a person’s lifetime, including career opportunities and children’s educational costs.
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Jason Hartman on the intro portion of the show talks about the sharing economy, his new Venture Alliance mastermind group, and some interesting new material called graphene. Jason also welcomes second time guest John Rubino to the show to talk about the money bubble and what that all means to our economy. John Rubino is the editor of DollarCollapse.com as well as the co-author of the Money Bubble: What To Do When It Pops. John has a lot to say about what’s happening with the global economy and what to do when the money bubble pops on today’s episode.
Key Takeaways:
6:10 – Jason talks about the sharing economy.
10:00 – Check out the new material called graphene.
15:30 – Venture Alliance is hosting an event on June 12 and 13.
19:30 – Jason introduces John Rubino to the show.
23:00 – People are terrified and are looking for safe heavens to invest their money.
28:30 – Banks are pushing their interest rates below zero in order to keep their financial system afloat.
36:50 – Even though we’ve had tech and housing bubbles in the past, the money bubble is the biggest bubble of them all.
40:50 – John says people will lose faith in the dollar, but Jason disagrees.
44:40 – What’s happening with Switzerland’s currency?
51:40 – The numbers keep getting worse and the math stopped making sense in 2005.
56:0 – Money manages and retirees really face some tough decisions right now.
Tweetables:
“Renter occupied households have increased by 17% since 2005.”
“We now have about $2 trillion of various kinds of paper out there that trades with negative yields and that’s historically unique.”
“So, that’s the question, when does the teaser rate jump up to a more realistic interest rate and bankrupt us?”
Mentioned In This Episode:
I Like Local
Car2Go
http://www.businessinsider.com/housing-recovery-about-renters-2015-3
DollarCollapse.com
The Oil Card by Jim Norman
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Jason Hartman sits down one on one with his audience to talk about a couple of important things in the real estate market. He talks about why creative real estate investing is not beneficial to his clients, he also talks about Merrill Lynch’s annual report on retirees, California’s drought problem and why it matters to the rest of the US, and much more on today’s Creating Wealth show.
Key Takeaways:
1:10 – Can you believe we’re almost at our 500 episodes?
5:00 – Jason shares his story about a creative real estate ‘guru’ and why creative real estate is not practical for his clients.
5:05 – Big corporations must have a budget just to pay government fines.
20:20 – Jason touches on the subject of the water problem in California.
27:05 – Jason breaks down how much water it takes to grow a single vegetable, nut, and fruit.
31:30 – Zillow came out with four interesting statistics about the United States real estate market.
39:10 – Remember to sign up to Jason Hartman’s Memphis tour at JasonHartman.com
Tweetables:
“Watermelon takes 42 gallons of water to grow one pound of edible watermelon.”
“You gotta read between the lines on all of this stuff.”
“History does repeat itself, it really does, and it does that because of human psychology being so flawed.”
Mentioned In This Episode:
The Water Secret by Howard Murad
Diet for a New America by John Robbins
Irrational Exuberance Part Two by Robert Shiller
Zillow
JasonHartman.com
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Meredith Whitney is the founder of Meredith Whitney Advisory Group and author of, “FATE OF THE STATES: The New Geography of American Prosperity.”
Whitney believes “interior” states like North Dakota, Indiana and Texas are doing a lot better than “coastal” states like California, New York and Florida. She thinks the coastal states continue to struggle long after the recession, while the middle of the country will continue to thrive.
Keeping these in mind, she discusses the outlook for the following areas:
– Housing prices
– Jobs
– Quality of schools
– Transportation
She also shares her advice to help troubled municipal and state governments.
Visit the Meredith Whitney Advisory Group at www.meredithwhitneyllc.com.
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In the introduction portion of the Creating Wealth show, Jason Hartman answers two voice mail questions left by his listeners. He then introduces Richard Vague as his guest for today’s show. Richard Vague is one of the few economists who are currently talking about the problems of massive private debt. He is the author of The Next Economic Disaster and talks to Jason about China’s economic problem along with some interesting facts and correlations about the US economy.
Key Takeaways:
8:00 – Jason talks about the 6 ways the government can get out of its mess.
11:20 – Jason answers a listener voicemail question.
18:50 – A listener asks about 3D printing a house. Jason shares his thoughts.
24:30 – Jason introduces Richard Vague to the show.
29:15 – Richard talks about China’s debt problem.
35:10 – Private debt growth leads to higher interest rates.
38:15 – Richard gets his stats by looking at all consumer and business debt.
42:30 – A lot of economists don’t include private debt in their model.
49:00 – What should we do to avoid the next economic disaster? Richard explains.
51:10 – Quick recap, what are the stages of an economic crisis?
Tweetables:
“To say the government spends money like a drunken sailor is an insult to drunken sailors.”
“If the growth in private debt to GDP is above 17-18%, that’s when you have a problem.”
“Over lending causes prices to go up and not just in housing, but in commodities and everything else as well.”
Mentioned In This Episode:
The Next Economic Disaster by Richard Vague
http://debt-economics.org/
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In today’s introduction portion of the Creating Wealth show, Jason Hartman invites Sarah on to the show to talk about the Memphis market. Jason also announces a property tour for the Memphis area in May, so be sure to buy your early bird tickets now before the price raises at JasonHartman.com. Today’s Creating Wealth principle guest is Andrew Zatlin. He is an economists and is famously know for his Moneyball Economics. He sits down with Jason to talk about Hookernomics, how you can learn where the market is going by simply talking to escorts, the unstable Japanese economy, how gold will drop in prices, and much more on today’s episode.
Key Takeaways:
1:50 – Huge interest in the Memphis market right now.
6:05 – Jason talks about the Memphis property tour schedule and dates.
14:10 – Jason introduces Andrew to the show.
16:45 – Most policy makers out there have an old-fashioned way of approaching this very new economy that we’re in.
27:16 – Andrew explains why he decided to interview escorts and prostitutes about the state of the economy.
42:00 – Andrew set out to find the true data points that really matter to our economy.
50:45 – China has created a super bubble for themselves and they are bond to crash.
53:20 – Japan doesn’t make thing any more and they’re also in big trouble. Andrew explains further.
57:30 – Jason and Andrew touch on the gold bug subject.
62:40 – There’s a free report on MoneyballEconomics.com that shows you how vices, hookernomics, can show you what’s going on in the economy right now.
Tweetables:
“Most of the policy makers got their PhDs before the internet existed, so they’re approaching the world with a horse and buggy model.”
“Home Depot is hiring 80,000 people this year, that’s the same as last year. That tells me we’re not really seeing a lot of growth.”
“We have demand and we have a misalignment of skill set to that demand and that’s because of policy, not because of economy.”
Mentioned In This Episode:
http://www.moneyballeconomics.com/
http://blogs.wsj.com/moneybeat/2013/10/22/southbays-zatlin-goes-moneyball-on-economic-data/
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In the beginning, Jason Hartman created the 10 Commandments of Successful Investing, and he saw that it was good. But then he lived and learned and realized there was a desperate need for 10 more. Listen in as Jason Hartman discusses The Next 10 Commandments of Successful Investing. This keynote speech was taped live at the opening of our 2013 Meet the Masters of Income Property Investing Event at the Hyatt Regency in Irvine, California. With all deference to the Big Guy upstairs, when it comes to income property investing, Jason Hartman realized that 10 commandments simply weren’t enough to cover such an important topic. Not when creating financial independence is at stake.
What’s in the new commandments? Another generous helping of the kind of nitty gritty (and free) income property investing educational detail you’ve come to expect from Jason. Commandments 11-20 include:
Thou Shalt Not Be a Sucker
Thou Shalt Have a Reality Check
Thou Shalt Embrace Fragmentation
Thou Shalt Make Rational Decisions
Thou Shalt Look at the Big Picture
. . . and five more critical NEW commandments
In case you haven’t committed the original 10 Commandments of Successful Investing to memory, here’s a quick refresher::
1. Thou shalt become educated: Knowledge is a powerful tool. Do your due diligence and become your own best advisor.
2. Thou shalt have a professional investment counselor: Only invest with investment professionals who stay with you for the long term. Advisors should buy for themselves what they sell, putting their money where their mouth is, and get paid for producing results rather than simply for advice.
3. Thou shalt maintain control: Never leave your financial future in the hands of incompetent, unethical, or greedy brokerage houses, fund managers or corporations. Always be a direct investor.
4. Thou shalt use prudent financial planning techniques: Always invest with your goals in mind (retirement, financial freedom, creating wealth) and abide by your risk tolerance and investing style.
5. Thou shalt not gamble: Be a prudent, long-term value investor, never a get-rich-quick gambler, speculator, or flipper. Invest only in properties that make good financial sense the day you buy them.
6. Thou shalt diversify: reduce risk and maximize returns by investing in several areas, as every market is different.
7. Thou shalt be Area Agnostic™: Only invest with an advisor who is not partial to any one area or investment to avoid a conflict of interest. Don’t fall in love with your home geographical area!
8. Thou shalt borrow to maximize leverage and accelerate wealth creation: Use as much borrowed money and as little of your own money as possible as long as the borrowed money can be repaid by the tenant. Let other people’s money work for you, reduce your risk, and make you wealthy.
9. Thou shalt only invest where there is universal need: No one needs stocks, bonds, or gold but everyone needs a place to live, and with growing affluence around the world, consumption of raw materials will continue to cause upward price pressure on improved real estate.
10. Thou shalt invest only in tax-favored assets: Non-cash write-offs and deductions are money in your pocket and income property offers the best of both.
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Jason invites Diane Kennedy on the show to talk about taxes and how to save you money. Diane is an experienced CPA and helps her clients all over the world with their taxes, accounting, and investing. The main subject of today’s focus is why you should get real estate professional status, the benefits it provides, and what you need to do in order to qualify.
Key Takeaways:
2:40 – The government takes a big cut whenever you sell stocks and precious metals, but that doesn’t happen with income property.
7:40 – Diane explains what the charitable remainder trust is.
13:05 – There are three tests you need to qualify in order to get the real estate professional status.
20:00 – What is the an aggregation election? Jason explains.
29:50 – If you have a property manager, it’s going to be hard for you to qualify. It is best in this case to self-manage your properties.
34:15 – This stuff is complicated! Get advise from a good CPA and attorney before it’s too late.
36:00 – Why do you even want to get real estate professional status? Jason breaks it down.
42:30 – The government wants you to own property. They are even incentivizing you for it.
Tweetables:
“If I got a manager who is not that great, I just get rid of them and I’ll self-manage that property.”
“The great thing is if you’re married, only one spouse needs to qualify for real estate professional status for both to get the benefits.”
“Business owners have 3 sets of book. One is the real book, the other is for the IRS, and the other is for the buyer of the business.”
Mentioned In This Episode:
USTaxAid.com
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On today’s Creating Wealth introduction, Jason invites Memphis and Little Rock market specialist, Jeremy on to the call. Jeremy talks about his interest in physics and what’s going on in these two real estate markets right now. Jason invites Peter Sage from Extreme Entrepreneur to be today’s Creating Wealth guest. He is a serial entrepreneur who started his first business at 17. Fernando also joins as guest co-host with Jason and the two ask Peter a series of insightful questions. On the show, Peter shares insight as to why he had a drive to become an entrepreneur, how to find your passion, your why, and much, much more on today’s episode.
Key Takeaways:
2:30 – Jeremy talks about the double split experiment in physics.
13:20 – What’s currently going on in the Memphis and Little Rock market?
18:30 – Jason introduces Peter Sage and Fernando on to the show.
28:30 – Get in touch with what you’re passionate about. Ask yourself questions about your life purpose.
39:40 – Why is it that some people struggle to change and others don’t? Peter explains.
61:30 – How do we prevent ourselves from falling back into the same old routine?
68:20 – Peter talks about his purpose and his why.
73:20 – Peter talks about his space-based solar power energy project that he started.
78:30 – Pharmaceutical companies are not interested in curing diseases, they only want to maintain them. This current medicine model has to change.
Tweetables:
“In Little Rock, if a tenant doesn’t vacate within a certain period of time, having not paid rent, it’s a crime.”
“It’s always endemic to the psychology of the business owner. You clear up that and the business takes care of itself.”
“Money doesn’t solve problems at any level, in fact, money creates a whole different set of problems.”
Mentioned In This Episode:
Start with Why by Simon Sinek
The Purpose Driven Life by Rick Warren.
The Power of Now by Eckhart Tolle
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Jason Hartman talks with acclaimed financial advisor Ric Edelman. Barron’s has six times (2004–2009) ranked Ric Edelman among America’s 100 top financial advisors. In 2009, Ric was ranked the #1 independent financial advisor in the nation by Barron’s.
In 2004, Ric was inducted into the Financial Advisor Hall of Fame, ranked by Research Magazine for his focus on the individual client and ranked #42 on Registered Rep magazine’s list of “America’s Top 50 Advisors.” Inc. magazine three times named the firm the fastest-growing privately-held financial planning firm in the country. Ric received an honorary doctorate from Rowan University in 1999, and in 2007 was inducted into the Rowan University Public Relations Student Society of America Hall of Fame.
As a #1 New York Times best-selling author his five books on personal finance include Ordinary People, Extraordinary Wealth; The New Rules of Money; Discover the Wealth Within You; What You Need to Do Now; and the personal finance classic, The Truth About Money. His sixth book, The Lies About Money, was published in the fall of 2007 by Simon & Schuster and his latest book, Rescue Your Money, was published in the spring of 2008. Ric’s books have been translated into several languages.
As a national radio show host on ABC Radio Networks, he can be heard on radio stations throughout the country. The live call-in advice program has been on the air for more than 15 years and earned Ric the A.I.R. Award for Best Talk Show Host in Washington D.C. (1993). He also publishes a monthly newsletter, has built one of the most comprehensive and free online educational resources about personal finance at RicEdelman.com, and is the author of video and audio educational systems that help people achieve their financial goals.
Philanthropic Activities include Rowan University. They also funded the Edelman Nursing Career Development Center at Inova Health System Foundation. Ric served six years on the Board of the United Way of the National Capital Area and in 2007 completed his two-year term as Chairman of the Board. He also serves on the boards of The Boys & Girls Clubs of Greater Washington, D.C., and its foundation. Ric also is a full partner of the American Savings Education Council and the Jump$tart Coalition for Personal Financial Literacy. He is a former board member of Junior Achievement of the National Capital Area and served for three years on the Grants Committee of the Foundation for Financial Planning, where he remains a major donor. They also actively support HEROES Inc., Make-a-Wish Foundation, The Leukemia & Lymphoma Society, and many other charities.
As Chairman and CEO of Edelman Financial Services LLC. He is also President and Director of Sanders Morris Harris Group. Ric is an Investment Advisor Representative and offers advisory services through EFS an SEC-registered investment advisor. He is also a Registered Representative of and offers securities through Sanders Morris Harris Inc., an affiliated broker/dealer, member FINRA/SIPC.
Barron’s ranking “Top 100 Independent Financial Advisors” (Aug. 31, 2009) based on assets under management, revenues the advisors generate for their firms, and the quality of their practices. -
In Jason Hartman’s introduction portion of the show, he answers a listener question about the due on sale clause and transferring your property into a single member LLC. Jason also welcomes guest John Michael Greer to the show. He is the author of several books with the most recent one being The Wealth of Nature. In the show today, Jason and John talk about the US economy and some of the key issues that it currently has in today’s market.
Key Takeaways:
1:40 – A listener question is played about quick claim deeds.
6:50 – Would a judge even uphold a due on sale clause for single member LLCs?
13:45 – Jason touches on rent to value ratios and talks about $415 rents around the country.
19:50 – Jason introduces his guest John.
29:20 – John and Jason explain what externalities are.
40:30 – We tax the wrong things, we shouldn’t be taxing earned income.
48:00 – People are smart and they will always find a way to game the system.
Tweetables:
“What does government spending always lead to? It leads to inflationary pressures.”
“Whenever anybody talks about a new economic era, oh man, get out of the market.”
“The kind of economy we have now didn’t exist 40 years ago and the kind of economy now won’t exist 40 years from now.”
Mentioned In This Episode:
HotPads.com
VisualCapitalist.com
The Great Crash, 1929 by John Kenneth Galbraith
The Wealth of Nature by John Michael Greer
http://thearchdruidreport.blogspot.com/
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Jason Hartman invites his mother, Joyce, and Fernando on the show. The two guests have both appeared on the show before and have both experienced great successes in real estate investing. Joyce talks to the audience about some of the benefits of joining the Apartment Owners Association and and Fernando let’s everybody know that there’s a new product on the JasonHartman.com store called Financial Independence Day where he will do personal one-on-one consulting with you to help you achieve your dreams for financial freedom.
Key Takeaways:
2:30 – Jason and Fernando are developing a software tool where property owners can use property managers in an a la carte fashion.
8:00 – When it comes to income property, Joyce is an extreme do-it-yourselfer.
13:40 – An Apartment Owners Association membership costs $79 a year.
20:20 – Joyce uses eviction attorneys that charge a flat rate to help her with problem tenants.
28:00 – There are lot of benefits towards focusing on buying up a neighborhood.
29:10 – Fernando talks about his new product that’s currently on the JasonHartman.com website.
32:10 – Today’s supposed guest, John Michael Greet, will be on Wednesday’s show.
Tweetables:
“I’ve been able to do this self-management on several of my properties and therefor I can control the costs.”
“The tenants seem to have a different dynamic when they’re dealing directly with the owner versus a property manager.”
“When a tenant owes you money, you can send them to this collection agency and you don’t need to have a judgment from a court.”
Mentioned In This Episode:
http://www.naahq.org/
JasonHartman.com.
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In Jason’s Creating Wealth introduction, he answers a listener question as well as shares an important tip to listeners who are currently experiencing vacancy issues or property manager issues. On the show itself, Jason invites local Chicago market specialist John to the show. John addresses Chicago’s crime rate issue, landlord unfriendliness, and his company’s screening process for tenants, plus a lot more on today’s episode.
Key Takeaways:
2:00 – Jason’s new Longevity and Bio-hacking show is doing great on iTunes.
4:40 – Jason plays a listener question on the show and he answers his questions.
11:10 – You can own a much larger portfolio when you use leverage right versus the free and clear way.
15:20 – Jason shares an important real estate tip for those who are having vacancy issues.
18:30 – Jason introduces John.
25:30 – Crime in Chicago suburbs consists of petty thief and vandalism.
30:50 – John’s company will redevelop a distressed house and bring it up to current construction code.
34:50 – John looks for A residences and address the topic of Chicago state being more tenant friendly.
38:10 – Out of 1,600 homes that John’s company manages, less than 2% of those go through the eviction process.
42:50 – John breaks down some of the specials and offers his company gives to their clients.
Tweetables:
“Leverage is a very good thing when used properly.”
“If you’re thinking about investing your money in something, what better than something that is tangible?”
“Chicago is not necessarily the most land lord friendly, but we combat that by working in the Chicago suburbs versus Chicago downtown.”
Mentioned In This Episode:
JasonHartman.com
www.bulletproofexec.com
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Jason Hartman invites Randy on to the show to talk about mortgage financing and lending. In the show, Jason talks about having a Chicago market specialist be the guest for today’s episode to talk about what’s happening in the Chicago real estate market, but listeners can expect to hear from that guest on Wednesday’s Creating Wealth show instead. Jason and Randy sit down to talk about the real estate market, the differences between FirstKey and B2R, and a lot more on this exciting Creating Wealth episode.
Key Takeaways:
3:20 – Randy talks about FirstKey and B2R and some of their benefits versus Fanny Mae/Freddie Mac.
10:10 – Randy compares a FirstKey/B2R type loan to a Fanny Mae/Freddie Mac loan.
15:00 – What about the underwriting?
19:00 – Indianapolis ranks number one for the best convention city.
26:00 – Randy shares his thoughts on Douglas Andrew’s strategy.
33:30 – Most people don’t understand the value of leverage.
36:10 – Nothing in this world is truly passive income. You always have to work for your money.
40:45 – What happened to the day trader?
42:00 – Look forward to next Wednesday’s episode with the Chicago market specialist.
Tweetables:
“On a Fanny Mae loan, they don’t care. They’ll let you have negative cash flow. With these private loans you can’t.”
“To say that real estate only keeps pace with inflation is true on its face, but the reality is most people finance their real estate.”
“The IRS calls real estate a passive investment, but it’s the most involved passive investment you could ever own.”
Mentioned In This Episode:
Missed Fortune by Douglas Andrew
Missed Fortune 101 by Douglas Andrew
Irrational Exuberance 1&2 by Robert Shiller
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A look at Jason’s Ultimate Investing Equation followed by Daniel and Gerard Adams for The National Inflation Association (NIA) recently featured on Inside Edition and ABC World News Tonight with Charlie Gibson, The Wall Street Journal, MSNBC, ABC’s Nightline, KTLA News and CNBC. After being ignored by family and friends about the coming stock market decline and recession, he started a youtube channel called VisionVictory with some very interesting predictions on record:
On march of 2008 in his first video, he accurately predicted that the Dow would fall to 8,000 in the fall of 2008. The S&P would fall to 800 in the fall of 2008. And that global stocks wouldn’t decouple until after the fall of 2008.
In July of 2008, he updated his prediction and told his youtube viewers that stocks were set to drop on the 3rd week of September and they did, in a big way, from the 3rd week of September to the 3rd week of October stocks fell 33%.
In December of 2008 he made a new prediction, that stocks would make new lows sometime in late February 2009. On the 3rd week of February, guess what? The Dow and S&P made new lows.
in 2008 while Ben Bernanke, Jim Cramer, and college professors around the world were predicting that the U.S. would not enter a recession. Daniel predicted a severe recession that would break all previous records. While Ben Bernanke said a recovery would take place in the summer of 2008, Daniel correctly predicted that the world would acknowledge the recession after the summer of 2008, and they did.
He also correctly forecasted rising unemployment, a collapse of consumer spending and many more well timed predictions.
The VisionVictory Channel is now watched by thousands and has a subscription base of 17,500. The VisionVictory Channel is also part of the National Inflation Association and helped with the documentary, Meltup.
in 2008 while Ben Bernanke, Jim Cramer, and college professors around the world were predicting that the U.S. would not enter a recession. Daniel predicted on the record, a severe recession that would break all previous records. While Ben Bernanke said a recovery would take place in the summer of 2008, Daniel correctly predicted that the world would acknowledge the recession after the summer of 2008, and they did.
He also correctly forecasted rising unemployment, a collapse of consumer spending and many more well timed predictions.
The VisionVictory Channel is now watched by thousands and has a subscription base of 17,500. The VisionVictory Channel is also part of the National Inflation Association and helped with the documentary, Meltup.
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On today’s Creating Wealth show, Jason talks a little bit about mastermind groups and touches on an article that was released by USA Today on the subject of investments. Jason brings up some very interesting points on the minimum wage discussion as well as talks about conflict of interests in financial advisers. As always, Jason shares some timeless wisdom about the US dollar, commandments to live by, and more on the Creating Wealth show.
Key Takeaways:
1:30 – Jason talks about his mastermind group, Venture Alliance.
5:45 – Minimum wage increases always causes inflation.
11:00 – Give yourself small rewards along the way.
13:40 Jason talks about commandment number nine.
17:20 – The American workspace is getting smaller as more people work from home.
23: 15 – Jason talks about the gold bugs and other forms of currency.
27:45 – The US dollar will still be the reserve currency
30:10 – Jason does a deep dive into his personal commandments.
37:40 – There is no such thing as passive income.
41:00 – Jason’s company looks for landlord friendly markets.
Tweetables:
“If people want to take advantage of someone, they’re going to figure out a way to do it.”
“People need three basic things: food, clothing, and shelter.”
“Whatever happens, I bet the US dollar will still be the reserve currency.”
Mentioned In This Episode:
http://www.usatoday.com/story/money/personalfinance/2015/02/23/obama-retirement-savings-aarp/23887535/
http://www.newser.com/story/203101/youre-losing-your-office-space.html
http://www.businessinsider.com/us-dollar-most-crowded-trade-2015-2
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