Sat, 24 March 2018
Jason Hartman takes this episode to delve into some important happenings in the real estate world today. Some of Trump's recent moves have been bringing jobs back to the states, and companies are expected to bring money back, and it's creating good times for a lot of people.
With that good time comes something every real estate investor can enjoy, rent inflation. BUT, when times are good it's important to be vigilant with your providers and make sure they're not getting lazy.
Finally the episode ends with Mason's 5-year plan. Mason is a young man who won 2nd place in the recent 5-year plan contest Jason held, and has his future to financial independence mapped out.
[3:58] Jobs are coming back to America
[7:27] Rent inflation is coming
[12:46] As a real estate investor, it's critical that you remember who your customer really is (hint: it's the tenant)
[16:05] In a booming economy, the big job as a real estate broker is the job of sorting people out
[20:12] Sometimes the booms can make providers a little sloppy, so it's important to stay on top of property managers and the like
Fri, 16 March 2018
Jason Hartman talks with client Brandon Cook, a young member of the Venture Alliance Mastermind, about his journey investing in real estate. Brandon is currently the owner of 6 properties and is looking forward to more, and talks about breaking through the initial hurdle of investing.
[4:23] Brandon discovered Creating Wealth and started listening at Episode 48
[9:43] The first one is always the hardest
[18:18] What has Brandon learned on his investment journey
[20:58] Introducing the Jr Venture Alliance Mastermind membership!
Fri, 19 January 2018
Most people in today's world are selling their time for money and going through the grind of life assuming that is the way it is. But it doesn't have to be.
Jason Hartman talks with MJ DeMarco, author of The Millionaire Fastlane: Crack the Code to Wealth and Live Rich, about the hyperrealities that are abundant in our world, and what we can do to overcome them and live the life we truly desire.
[1:51] MJ's world view and how they impact his philosophies
[5:52] We need to open our eyes to hyper-realities and how they're impacting us
[9:41] Nearly all the people who've gotten rich through the stock market are activist insiders. If you want to get rich you have to go about it differently
[14:29] It all boils down to the concept over leverage, with your money, time, people, or anything else
[17:48] MJ's thoughts on the entitlement economy and how we're becoming economic slaves
[22:08] Winning inspires passion, so do the hard work to create the passion (and money will follow)
[25:34] Creating an environment where you're living your life on your terms
"Passion does not lead, it follow"
Fri, 5 January 2018
In this 10th episode show, Jason goes off topic with former Marine sniper Jake Wood, now co-founder of Team Rubicon and author of Take Command: Lessons in Leadership: How to be a First Responder in Business. Team Rubicon takes military veterans and utilitizes their unique training for disaster response more effective and efficient.
The two discuss the important elements of leadership, some tips on succeeding in high stakes environments, and making sure you're knocking out the important things in your life rather than just skating by.
[2:15] The mission of Team Rubicon
[6:27] How Jake ended up writing his book
[8:28] Being comfortable with the 80% solution
[12:16] Tackling your To-Do list in the proper fashion
[15:49] Some tips Jake learned in the military on how to succeed in a high stakes environment
Indecision is one of the worst things a leader can do
Tue, 2 January 2018
Jason Hartman is proud to announce the latest addition to the 2018 Meet the Masters of Income Property event, Ken McElroy.
Ken is a Rich Dad Advisor and entrepreneur who is an expert in investment analysis, property management, and property development. He's responsible for over $700 million investment dollars in real estate.
Ken is the author of the best-selling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and most recently his book on entrepreneurship: The Sleeping Giant.
Fri, 29 December 2017
Jason Hartman talks with Ryan Schellhous, founder at IndigoSpire CPAs & Advisors, about the new tax plan. The two start off with a 30,000 foot overview of the plan, then drill down into specific components of the plan as they figure out who is going to be helped and who may not see as much of a benefit under the plan. Ryan explains the biggest revenue raisers and "losers" under the new bill, and some of the most important pieces that will impact individual filers.
[3:32] The 30,000 foot overview of the GOP Tax Reform
[5:27] Will this tax reform create a repatriation of wealth back to the US?
[9:18] The move that mobilized the GOP forces toward tax reform
[11:15] The 2nd most important thing in the tax plan was the widening of tax brackets and lowering of rates for individuals
[13:24] The standard deducation has been increased, which should increase the number of simple 1040s being filed
[16:26] The single largest revenue raiser in the entire bill
[18:38] The change in mortgage interest deductions could cause a dampening in the high end real estate market
[21:08] The Alternative Minimum Tax isn't gone, but it's gone through an overhaul
[22:59] Pass-through businesses are getting a 20% deduction
[29:58] The accelerated bonus depreciation is enormous for real estate investors
[33:30] Changes to the 1031 Exchange rule
[37:33] The carried interest rules have changed as well, impacting the hedge fund managers trading techniques
[39:22] 529 plans (education plans for children) can now be used to pay for private schools
[39:56] Some tax changes that were EXPECTED but didn't end up happening
Fri, 8 December 2017
2018's Meet the Masters event was already packed with great speakers like Jason Hartman, Garrett Sutton, Brian Smith, Danielle DiMartino-Booth, John Burns, and more. Today, Jason Hartman is proud to announce that former Congressman (and America's foremost advocate for liberty) Ron Paul will be joining the fold to headline the event.
Ron Paul was most recently a Republican candidate for President in 2008 and 2012, and served in the US House of Representatives for Texas for more than 25 years in all. He is a critic of policies like the USA Patriot Act and has criticized the federal governments fiscal policies a multitude of times. He's also outspoken against Federal Reserve, and the US tax code.
Fri, 17 March 2017
Jason Hartman talks with Robert Dickie III, President of Crown Financial Ministries, and author of The LEAP, and Love Your Work. The two discuss the impact technology has had on industries already, and what's to come. They also discuss how a large section of people in their 30s are transitioning careers by going back to college online for free, and getting hired by some of the best companies on the planet while doing so.
[3:04] How Robert defines "stewardship"
[4:55] We are standing in the middle of two economies. One that's old and dying, and one that's being born
[9:05] What is a MOOC?
[10:12] 3 websites where you can get free college education, and you can get it certified for under $100.
[13:41] How technology is disrupting every aspect of society and workforces
[16:38] People in data sciences are being hired by companies like Google before they even finish their certifications.
[18:55] The story of a 16 year old from Mongolia acing an online course and getting a full ride to MIT
Fri, 10 March 2017
Jason Hartman and Andrew Wright, CEO and Managing Partner at the commercial real estate firm Franklin Street, discuss the US commercial real estate market that is currently available. From manufacturing to office to industrial to multi-family, no stone is left unturned.
Andrew has a personal involvement in more than $1 billion in real estate and finance transactions, and has resolved more than $800 million in distressed real estate debt since 2009.
[1:40] Trump's potential impact on real estate markets
[5:04] How retail centers are having to adjust to the internet age and "showrooming"
[8:36] The internet's impact on the warehouse and delivery industry thanks to things like same day delivery.
[12:59] Andrew's take on where we are on the boom or bust ride
[17:08] Current cap rates Andrew is seeing across commercial real estate
[19:13] What investment Andrew thinks will serve you best today
Fri, 2 December 2016
William Poundstone is the author of fourteen books, including Big Secrets, Prisoner's Dilemma, Fortune's Formula, and Are You Smart Enough to Work at Google? He has written for The New York Times, Harper’s, Harvard Business Review, and the Village Voice, among other publications, and has adapted several of his books for ABC television. He is on the board of advisors of the Center for Election Science.
Poundstone was born in Morgantown, West Virginia, and studied physics at MIT. His writing often explores the social implications of scientific or philosophic ideas—from voting methods (Gaming the Vote) to competition and cooperation (Prisoner's Dilemma) to the gambling system known as the Kelly criterion (Fortune's Formula).
Amazon rated Fortune's Formula the #1 Editor's Pick for nonfiction in 2005. Poundstone won the NYSSCPA's Excellence in Financial Journalism Award in 2011.
[2:15] What the American public knows and what that says about us
[4:40] Why some things are just worth knowing even though you could look them up
[8:35] The correlation between vocabulary and your success in life
[13:00] How many elected officials most people actually know
[16:25] How little we're teaching kids about sex and what impact that's having
[18:56] The theory of scientific betting and how to properly use it