Jason Hartman Foundation

In today's Young Wealth episode, Jason Hartman does a quick interview with Sramana Mitra. Sramana is the founder of One Million by One Million and the author of several books including the Golden Raft, Bootstrapping With A Paycheck, Billion Dollar Unicorns, and more. She talks to Jason today about her virtual incubation business – One Million by One Million and how her company works to help new businesses. 

 

Key Takeaways

1:15 – What is a virtual incubator?  Sramana explains what she does. 

3:40 – Most companies get rejected for funding because they do not fit the standard venture capital criteria. 

5:00 – What happens to these companies who don't fit the bill? 

7:10 – Sramana talks about her membership plans on One Million by One Million. 

8:45 – Sramana works with a wide range of companies and finds creative ways to help them self-finance or bootstrap the business. 

10:30 – Sramana's company does not take equity, because they want entrepreneurs to start off on a good start. 

13:00 – It's extremely cheap to start a business in today's market. 

14:40 – Remember being an entrepreneur is hard! It takes a lot work and persistence. 

Direct download: YW208820RP.mp3
Category:Young Wealth Show -- posted at: 9:50pm EDT

Today’s Young Wealth Show sees Professor Sophia McClennen join Jason Hartman to discuss many of the issues arising in her book, Is Satire Saving Our Nation? These include the rise of satire, the changing values of Generation Y and the development of American news broadcasting, with a particular focus on the role Fox News plays in our society. 

 

Key Takeaways

01.17 – Sophia McClennen describes how the role of satire is changing in today’s world.

04.00 – When traditional forms of news media were letting us down, the satirists just came and filled a gap.

06.44 – The establishing of Fox News in 1996 really changed the way American news media was viewed.

10.33 – What impact do these over-opinionated, over-affiliated news channels have on those watching?

12.45 – The way we’re being taught to think is changing the way we deal with topics that affect so many different aspects of our lives.

16.34 – Like in so many cases, we can learn a lot from considering demographical patterns. 

21.09 – Jason Hartman brings the discussion round to the recent mid-term vote.

27.16 – For more information, head to www.SophiaMcClennen.com 

 

Mentioned in this episode

Is Satire Saving Our Nation?: Mockery and American Politics by Sophia McClennen

 

Direct download: YW2087.mp3
Category:Young Wealth Show -- posted at: 9:33am EDT

In today’s Young Wealth Show, Jason Hartman discusses changing technology and how that’s affecting the way we now pay for things with CEO and Founder of Hartland Payments Systems, Robert Carr. Every aspect of our world seems to be at the hands of scientists and inventors striving to change how we do things, and money and payments are just the latest point of interest. 

 

Key Takeaways

01.38 – With the world being digitalized and modernized, it was only a matter of time before it changed the way we pay for things too.

06.22 – A truly cashless world seems a long way off, but we’re definitely on the road to it.

10.03 – Robert Carr describes the ups and downs experienced by Hartland Payment Systems. 

14.30 – It’s amazing when you think how far we’ve come with technological advances, and how far we can still go.

15.50 – PayPal has always been the leading company in this market, but where does it stand now?

18.18 – It’s not just the business side; Robert Carr has made a huge difference to 250 kids’ lives through his Give Something Back Foundation. 

23.26 – Find out more about Robert and his book on the blog site: www.RobertOCarr.com 

24.08 – Fundamentally, if you don’t have repeat customers or recommendations, you don’t have a business.

 

Mentioned in this episode

Through The Fires: An American Business Story of Turbulence, Triumph and Giving Back by Robert Carr.

Direct download: YW2086_RP_Robert20Carr.mp3
Category:Young Wealth Show -- posted at: 12:11pm EDT

Geography and demographic patterns prove their importance in the discussions featured on today’s Young Wealth Show. Jason Hartman talks to Peter Zeihan, author of The Accidental Superpower, about the many factors which have affected the economic and social growth of America and several other vital world powers. They consider topics from China’s one-child policy, the comparative strength of the dollar and the how the future looks in terms of oil production and 3D printing. 

 

Key takeaways

01.37 – Geography is still a vital factor to a country’s progress and development, especially when it comes to transportation.

07.05 – The dollar is the only hard currency in the world that exists in sufficient volume to lubricate the global system. What if the printing press actually was an option?

09.25 – America’s commitment to free trade still has a huge impact on today’s world economy.

14.35 – All of the various financial crashes are happening for the same reasons and we need to learn from them.

17.30 – China is in such a difficult demographical situation that America’s social pressure for near-retirees seems like nothing. 

19.30 – Boundaries and ideas are starting to change for retirees, but those staying on in work are still in the minority.

22.15 – The future of American oil production and usage could have totally transformed by this time next year.

24.54 – The impact of 3D printing on supply chains is just staggering, and it’s going to continue to shrink the industry.

30.28 – For more information, head to www.Zeihan.com and the book, The Accidental Superpower is available at any local bookstore and online. 

 

Mentioned in this episode

The Accidental Superpower: The Next Generation of American Preeminence and the Coming Global Disorder by Peter Zeihan

Direct download: YW_85.mp3
Category:Young Wealth Show -- posted at: 9:30pm EDT

Today’s interviewee is none other than Jason’s Aunt Joan, an incredibly successful real estate investor who, together with her husband, owns more than 70 single-family homes around the Sacramento, California area. ‘Old-School’ seems to be the buzz-word of choice, but Joan talks about how she got into real estate, why she still loves it and gives some great advice about property management and keeping your tenants on side. 

 

Key Takeaways

1.12 – Jason Hartman asks his influential Aunt Joan about the beginning of her successful lifetime of real estate investing.

5.35 – Low-priced markets might look like the easy way in, but issues could mean big problems later.

12.56 – The Cyber Monday sale at www.JasonHartman.com is now on, with discounts of up to 40%.

19.59 – The information offered by Aunt Joan is available at www.SacRentals.com

26.00 – Be aware, both as an owner and a tenant, about who is paying the city utilities. Owners, flaky tenants could mean this is your responsibility.

39.05 – With tenant selection being so vital to success, you really need to master this in the early stages.

34.25 – One of the reasons that real estate retains such popularity is because it’s such a tangible thing. 

 

 

Direct download: YW_84.mp3
Category:Young Wealth Show -- posted at: 11:50am EDT

Jason Hartman invites Tim Carney, author of The Big Rip-Off and Obamanomics and writer for the Washington Examiner to come on the show and give his thoughts about the huge and potentially irreversible impact that big business and big Government are having on America. They also discuss topics such as human rights to information and what you say when Goldman Sachs offers you a position.

 

Key Takeaways

05.40 – Tim Carney provides some examples where regulation seems to have an alternate outcome to what was hoped.

10.35 – A look at the options of how we can possibly dislodge the power of big business and government. 

11.42 – Politics and the economy are starting to work together because fewer people are now gaining from a specific policy.

14.13 – Government agencies don’t even have to worry about subtlety; if they want you they’ll do what they can to get you.

16.01 – Why is it that they can spy on us and we get no information about Government actions, even when they affect us?

17.38 - Big business benefits from and lobbies for big Government to the detriment of the consumer, the competitor and the tax payer. 

20.08 – Technology could be our undoing or it could be our liberation. We’ll have to wait and see.

22.22 – To read Tim’s articles, head to www.WashingtonExaminer.com and his Fellowship is with the American Enterprise Institute: www.AEI.org 

 

Mentioned in this episode

The Big Rip-Off by Tim Carney

Obamanomics by Tim Carney

www.AEI.org

www.WashingtonExaminer.com

 

Direct download: YW_83_Tim_Carney.mp3
Category:Young Wealth Show -- posted at: 4:39pm EDT

Today’s Young Wealth Show looks at one of the most successful entrepreneurial stories of recent decades. Jason Hartman invites Brian Smith, the founder and the brains behind UGG Boots to talk about the brand’s unassuming roots, the difficulties of the early years and the steps associated to selling a brand such as UGG. They also discuss many of the points raised in Brian’s upcoming book The Birth of a Brand, which applies an interesting new metaphor to the concept of brand identification and development. 

 

Key Takeaways

02.19 – The founder of UGG Boots, Brian Smith, describes the brand’s humble beginnings.

06.45 – Experience can sometimes hold you back more than help you out – if you knew all of the obstacles in your way, would you ever start anything?

11.22 – Every image you give out to your target market sends out a message about your brand. Make sure it’s the right message.

15.26 – Understanding business means understanding that you can’t give birth to adults.

24.34 – You need to be able to answer 4 main questions for an investor to even consider taking you seriously. 

27.15 – Never underestimate the power of product placement – it worked wonders for UGG Boots.

30.41 – In business, you have to understand which aspects you’re good at and enjoy, and which you don’t.

33.38 – For more information about Brian Smith, head to www.BrianSmithSpeaker.com 

 

Mentioned in this episode

The Birth of a Brand: Launching Your Entrepreneurial Passion and Soul by Brian Smith

Direct download: YW_82_Brian_Smith_Founder_of_UGG_boots_The_Birth_of_a_Brand.mp3
Category:Young Wealth Show -- posted at: 3:22pm EDT

Christine Hassler comes on to the Young Wealth show to talk about disappointment and how that affects millennials. She is a professional speaker and considers herself a Gen Y expert. She is also an author and has recently published a new book called Expectation Hangover: Overcoming Disappointment in Work, Love, and Life, which both Jason and her discuss in detail. 

 

Key Takeaways:

3:45 – Christine's new book, Expectation Hangover, is for anybody who has been disappointed and wants to leverage it.  

6:14 – Millennials are fantastic employees. They're fast learners, they have a can-do attitude, and they think outside of the box. 

10:00 – A break up leads to a break down, which leads to a break through. 

13:25 – Take a pause and accept your feelings, then you can work on releasing them. 

16:30 – In order for things to change, things have to bad. Christine believes millennials will be able to fix the broken school system and reduce the amount of student debt everyone has. 

18:45 – Be mindful of managing your expectations. Take the steps and have the vision, do what you can, but don't make your happiness and your worthiness dependent on the result. 

 

21:00 – It's important to be optimistic about your life, but it's also important to not put your emotions into that optimism. 

 

Mentioned In This Episode:

http://jasonhartmanfoundation.org/

http://youngwealth.com/

http://christinehassler.com/book-landing-page/

 

http://christinehassler.com/

Direct download: YW_81_Christine_Hassler_Expectation_Hangover.mp3
Category:Young Wealth Show -- posted at: 5:05pm EDT

Today’s Young Wealth Show sees Jason Hartman talking to the author of Life Purpose Boot Camp, Eric Maisel about how we need to change our perception of meaning and anxiety in the creative world. Maisel’s atheist beliefs lead to a spirited exchanging of views, making today’s podcast informative and passionate. 

 

 

Key Takeaways

 

02.50 – Eric Maisel’s movement is not about searching for meaning, but about creating meaning.

09.00 – It’s important to assess if your life as it is has meaning, but it’s more difficult to throw everything away because of that.

12.05 – Part of the anxiety problem is that 99% of performing artists get no feedback whatsoever. 

14.00 – The key to reaching this more creative level really lies in the morning creativity practice.

22.08 – Religion still has a very strong societal hold on people and it can be this sense of community which makes it hardest to leave.

26.10 – Maisel claims we have two choices with the future of religion: perpetuate lies or be honest and see which side produces higher morality.

 

28.13 – For more information, head to www.EricMaisel.com, and if you’re interested in learning more about natural psychology, you can download a free copy of Maisel’s book Natural Psychology at www.NaturalPsychology.net 

Direct download: YW_80_Eric_Maisel.mp3
Category:Young Wealth Show -- posted at: 11:35am EDT

Justin Gilchrist guest appears on the Young Wealth show today. He is an expert in buying online businesses and is also the co-founder of Centurica - a company that helps customers with website assessment and due diligence. He shares some important insider tips to Jason and his listeners about what you need to look for when purchasing an online business for the very first time. 

 

Key Takeaways:

5:22 – For the most part, Justin wouldn't classify it as a business unless it's at least 1 year old. 

8:00 – Justin looks carefully into how an online business generates traffic and where those searches come from directly. Good traffic should be spread out through organic, paid ads, and social media searches. 

12:44 – Justin suggests different types of website businesses to his clients depending on the person and their technical background. 

16:30 – Businesses sometimes do sketchy things with their revenue reporting and it's Justin's job to make sure you don't fall into a bad business purchase because of it. 

20:00 – What Justin advises is to get all the necessary information together before you speak to his company. Does this website look too good to be true? Is it logical? Is the website consistent? 

23:00 – Justin sometimes has to look for very, very technical problems that his clients might not know about. You have to check everything and to have the experience to know when something doesn't look right. 

24:20 – Use leverage when it comes to buying a website. Most times you can change the terms of a deal to pay for a website slowly and overtime. This will prevent you from going out of pocket right away. 

 

Mentioned In This Episode:

www.youngwealth.com

https://exitplan.co/digitally-wed

 

https://centurica.com/

Direct download: YW_79_Justin_Gilchrist_Buying_Web_Businesses.mp3
Category:Young Wealth Show -- posted at: 3:19pm EDT