Jason Hartman Foundation (general)

Jason Hartman talks with Aaron Muller, founder of Lifestyle Business Owner Academy and owner of 8 multi-million dollar companies, about how to go about properly buying a business and what you can do to set that company up to where you don't have to work in it.

Everyone dreams of making money while not being involved in their business, but the process of actually getting to that point can be intimidating. Aaron, however, has figured out a way to get out of that rut and will happily tell you how.

Key Takeaways:

[2:06] How to buy a good business you don't have to work in every day

[6:41] What you should do as the owner to check up on your CEO after hiring

[10:29] Some marketing tips to reduce your cost per lead

[12:45] Where's the best place to look for a business to buy?

[17:56] What do you do for the contract when you're ready to buy the business

Websites:

www.LifestyleBusinessOwner.com

www.LBOAcademy.com

www.BizBuySell.com

www.BusinessBroker.net

Direct download: YW_117_Aaron_Muller.mp3
Category:general -- posted at: 5:10pm EDT

Jason Hartman talks with 24 year old real estate investor Ben Mizes, co-founder of Clever Real Estate, about how he got started in the business, what lessons he's learned over his time in the industry, and what technologies he's using to keep up with all his properties. Ben also gives a few best practice tips to those who want to get involved in real estate like he is.

Key Takeaways:

[1:26] How Ben became interested in real estate

[5:26] Ben's deal experience as he started growing his portfolio, and why his 2nd deal may have been his most important

[9:37] Ben's thoughts on what's happening in the real estate industry as a whole

[13:13] Best practices when managing your own properties is to make sure you make your expectations very clear with your tenants

[17:48] If you don't do a good job with repairs it makes managing the building that much harder

[20:08] The two main technologies Ben is using for his real estate, and one hack Ben uses to allow his tenants to pay cash

Website:

www.ListWithClever.com

Direct download: YW_116_Ben_Mizes.mp3
Category:general -- posted at: 6:02pm EDT

Jason Hartman talks to The Libertarian Chick, Kristin Tate, about the hidden taxes we all pay in our life, and how to do something about that. Kristin explains that often the taxes that we're paying are not being used for the purpose that you would assume they would be.

Key Takeaways:

[1:49] Are millenials just not paying attention to fiscal policies?

[3:48] We are being taxed EVERYWHERE, even when we don't see it

[6:57] Where some of your tax money is going probably isn't where you expect

[11:57] The debauchery tax & unintended consequences

[15:34] Awareness is step 1, what's step 2?

[19:05] The smaller the municipality the easier it is to get rid of the tax

[24:15] How did Kristin get into this line of work?

Website:

www.TheLibertarianChick.com

www.Twitter.com/KristinBTate

Direct download: YW_115_Kristin_Tate.mp3
Category:general -- posted at: 12:00pm EDT

Gambling has destroyed many lives, and it's something that actor Zack Ward thinks needs to be dealt with in our society. That's one of the reasons he's CEO of Global Sports Financial Exchange, the first investing platform for sports leagues, as well as determined to teach financial literacy.

Jason Hartman and Zack discuss how All Sports Market can help curb gambling by giving a new outlet more akin to the stock market, why they're trying to get more regulation, how they're using blockchain technology, and more.

Key Takeaways:

[3:44] What's the difference between AllSports and gambling?

[7:05] Where is the All Sports Market going?

[8:00] Why All Sports is openingly welcoming regulation

[12:23] The unholy alliance between sports and gambling

[14:54] All Sports trading platform is based on blockchain technology

[18:12] Zack's mission to promote financial literacy, and how his company's learning center does that

Website:

www.AllSportsMarket.com

www.Twitter.com/TotalZackWard

www.Instagram.com/TotalZackWard

Direct download: YW_114_Zack_Ward.mp3
Category:general -- posted at: 4:52pm EDT

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.

Key Takeaways:

[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

Website:

www.JasonHartman.com/Properties

Direct download: YW_113_Mason.mp3
Category:general -- posted at: 3:51pm EDT

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.

Key Takeaways:

[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!

Website:

www.VentureAllianceMastermind.com

www.JasonHartman.com/Properties

The Effective Executive

Direct download: YW_112_Brandon_Cook.mp3
Category:general -- posted at: 11:44pm EDT

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.

Key Takeaways:

[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

Website:

www.TheFastlaneForum.com

The Millionaire Fastlane: Crack the Code to Wealth and Live Rich? 

"Passion does not lead, it follow"

Direct download: YW_111_MJ_DeMarco.mp3
Category:general -- posted at: 2:22pm EDT

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.

Key Takeaways:

[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

Websites:

www.TeamRubiconUSA.org

www.Jake-Wood.com

Tweets:

Indecision is one of the worst things a leader can do

Direct download: YW_110_Jake_Wood.mp3
Category:general -- posted at: 11:16am EDT

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.

Website:

www.JasonHartman.com/Masters

www.KenMcElroy.com

Direct download: YW_Ken_McElroy_Announcement.mp3
Category:general -- posted at: 7:00am EDT

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.

Key Takeaways:

[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

Website:

www.JasonHartman.com/Masters

www.JasonHartman.com/Contest

www.IndigoSpire.com

Direct download: YW_109_Ryan_Schellhous.mp3
Category:general -- posted at: 9:15pm EDT