Young Wealth by The Jason Hartman Foundation

Necessity is the mother of all invention, so let’s talk about creative destruction. The world is fast-tracking technology, and everyone is on zoom. The changes to our everyday culture have changed due to coronavirus. Jason and Evan discuss being adaptable to your environment and how to position yourself properly. 

What is a rentier ränˈtyā? Be a part of the elite, provide a service and safety, and understand the concept of economy rent. 

Key Takeaways:

[3:00] Necessity is the mother of invention, talking about creative destruction. 

[4:15] Location isn’t as important anymore: the big city has less draw. You can live anywhere in the world now with the work-from-home application. 

[8:15] You’ve got to be adaptable in an environment like this. 

[9:45] The answer to any reasonable question is yes. 

[10:00] The Rentier Class

[17:00] Some economic ideas, even Keynesian ideas, are counterintuitive. 

[18:30] Understanding the concept of economic rent being in the rentier class.

[22:45] When you buy a house, you are purchasing an asset that cannot be duplicated. 

[27:16] Compared to the amount of money creating, inflation has been low. 

[35:00] Briefly, how can investors profit from multi-generational living?

Websites: 

JasonHartman.com/Asset

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN

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

Real Estate Star, Bryan Casella joins Jason Hartman from sunny California to share tips on getting started in real estate. This interview is all about having a top producer mindset. Bryan shares his story from pro basketball to real estate broker and the tips he’s learned about being on a high level of success. Bryan answers questions about what he studied to gain the knowledge and tactics he used to get ahead. 

Key Takeaways:

[2:00] How did you go from a professional basketball player to a real estate broker?

[6:00] “Getting started and door knocking was my claim to fame.” - Casella

[7:13] Were you prospecting in a sort of shotgun-style, or farming specific areas?

[8:45] In regards to career-advancing, Casella studied the greats and got certified in hypnotism. Mind and communication versus sales and techniques. 

[12:00] Are you the agent concerned about the latest and greatest tech, shotgun, and sweat, or combining the two?

[15:12] It’s the Production versus Production Capacity balance. 

Websites:

BryanCasella.com

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN

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

Jason Hartman talks with Josh Simon, distinguishing different types of commercial real estate, and how they were affected by coronavirus. Most of the media was publishing that commercial real estate is suffering, but it's important to distinguish what kind. Commercial spaces have shifted from experiential to essential, but most successful companies are making adjustments along the way. 

New York and California, and similar high-density areas are having trouble enforcing social distancing. How will this affect possible migrations away from heavily populated areas, and the commercial property within? As these changes are made, and commercial spaces are being reused, what kind of zoning problems might come up?

Key Takeaways:

[3:45] While the news has published what they are calling disaster in retail spaces, Josh Simon clarifies exactly which retail spaces are struggling the most.

[5:15] Commercial space has moved largely from experiential to essential.

[11:25] The grocery store will likely get smaller over time with the needs for the center store shrinking.

[13:45] Discussing the trend of businesses adapting to drive-thru, curbside and to-go services.

[17:30] Commercial real estate stats for rent collection.

[23:45] How will New York and California, or any other high-density area, be able to enforce social distancing?

[28:35] How will specialized asset classes do through coronavirus, like self-storage?

[30:00] Are we going to see zoning issues turning some of these commercial spaces into alternative uses?

Websites:

SimonCRE.com

www.JasonHartman.com

www.JasonHartman.com/properties

1-800-HARTMAN

Direct download: YW_1505_Josh_SImon_Commercial_RE_COVID.mp3
Category:general -- posted at: 12:00pm EDT

Mike Robbins joins us for some important lessons in mental health and dealing with grief. We are all grieving together, for ourselves and for those that surround us. It’s time to stop, pause, and reflect. How can we focus on the moment?

Key Takeaways:

[1:30] Mike Robbins, the author of five books, Focus on the Good Stuff, Be Yourself Everyone Else is Already Taken, Nothing Changes Until You Do, and, Bring Your Whole Self to Work

[5:45] Perspective is important, and when we are in the middle of something, it’s difficult to have perspective on it

[7:30] Even though it may not seem like it right now, you have more than this requires

[8:15] If we are experiencing difficulty the common element is that we are focusing internally instead of externally

[11:30] The world has intervened in a way, and forced all of us to stop, pause, and reflect

[17:30] How do we focus on the moment?

[23:30] You can control your attitude and you can control your effort, everything else is some form of out of your control

Websites:

Mike-robbins.com

1-800-Hartman

www.JasonHartman.com

Direct download: YW_170_1440_Mike_Robbins.mp3
Category:general -- posted at: 9:00pm EDT

Pat Donohoe returns to the show to discuss how it is that an economy grows. The keyword here is debt. Debt is priced into everything and used for growth. Jason Hartman asks, “have the rules changes in an era of riots and civil unrest? Bailouts for everyone!

Key Takeaways:

[1:25] Have the rules changed in an era of riots and civil unrest?

[4:45] Sometimes, you need contrast to understand the value of one system.

[9:00] If someone makes a poor choice, there is no bailout. 

[13:00] Debt is priced into everything. It fuels the economy.  

[14:45] If you want to create real wealth, you simply must have capital formation.

Websites:

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Direct download: YW_1496_Pat_Donahoe_Sara.mp3
Category:general -- posted at: 9:00pm EDT

Dan Franks joins Jason today as part of a client case study. Dan is a former CPA, happy to have handed off the CPA duties to someone else as he manages his investment portfolio. As a fellow podcaster, he understands the value of information through podcasting and is here to share his story as a twelve-year listener of this show, and real estate investor.  

Key Takeaways:

[2:30] Dan Franks, the first podcast ever listened to was Creating Wealth.

Now, the Podcast Movement

[8:00] How and where did you get started investing?

[9:30] What got you interested in real estate, and the podcast?

[12:00] What was step two for real estate investing?

[17:00] When hiring an accountant, it’s great to find out if they speak the lingo of someone involved in real estate investing.

[20:00] How did this transform from investment to real estate business for you?

[26:15] What are your goals with your real estate portfolio?

Websites:

Podcast Movement with Co-Founder Dan Franks

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Direct download: YW_Client_Case_Study_Dan_Franks_CPA.mp3
Category:general -- posted at: 9:00pm EDT

Banks are worried, lenders are tightening up, and the overall mortgage process has changed. Aaron Kopelson discusses with Jason Hartman, some of the biggest changes he has seen in the last few months. 

Key Takeaways:

[1:30] One of the mortgage lenders' current biggest fears, and reason for tightening up, is an early payment default or a first payment default. 

[3:00] What is a jumbo loan, and what defines the limits per market?

[5:00] There’s no appetite from investors that want to buy mortgage-backed securities for these non-QM loans. 

[7:00] Real estate is a credit backed asset. When the financing starts to dry up, so do the prices. 

[10:00] Nobody was paid to put the breaks on and look at where we ended up (2008 recession)? 

[11:20] Fannie and Freddie are allowing for drive-by and desktop appraisals. 

[14:25] Is mortgage insurance allowed on investment properties?

[18:10] V.O.E. Verification of Employment

[19:45] What’s an overlay?

Websites:

Kopelson Team

awmloan.com

JasonHartman.com

JasonHartman.com/properties

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN

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

Ryan Moran, author of, 12 Months to $1 Million, joins Jason today to discuss some of his tactics that led to his success. Sometimes better business isn’t about what you sell, but more-so, how your business is focused. While we often think of the question, “what is the product,” the focus needs to be, “who is the audience?” As well, Ryan shares his views on real estate investing and the economy, post-pandemic. 

Books:

12 Months to $1 Million by Ryan Moran

Key Takeaways:

[4:20] “I’ve discovered that there are a lot of things not worth pursuing, but the pursuit is worth it.”

[10:15] “Minimum wage is an institution, something that you’re trying to force into society…”

[13:00] Moran, how did you get your career started, and what role did the early affiliate marketing role play in where you are today? 

[15:20] Your business is determined not by what you sell, but who you sell to.

[16:50] The game is about building to an audience quickly, and monetizing to that audience. 

[17:00] What Joe Rogan did for Spotify!

[20:10] What’s the extent of e-commerce beyond Amazon?

[21:00] Eventually we will drop the E in e-commerce.

[22:00] What goes on outside the Amazon world?

[26:00] Is the magic question, “what’s the product?”

[32:00] You can have two brands for the same product, and market them to two audiences. They can both be wildly successful. 

[42:00] Real estate trends post Coronavirus.

[46:00] Cocooning, from home theatre systems to home gyms.

[50:00] Considering the Federal Reserve the fourth branch of government.

Websites:

Capitalism.com

JasonHartman.com

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN

Direct download: YW_1474_Ryan_Moran_Part_2.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman and Rabbi Evan Moffic talk about the big migration out of high density areas. Starting in 2016 a trend of moving to low density areas started to grow and the pandemic has encouraged the departure from more densely populated areas. While these trends may rely heavily on the wants and needs of Generation Z, health issues and worker experiences might speed up the migration. 

Key Takeaways:

[4:00] Pandemic proved how densely we are living, and also how successfully you can live working remotely

[7:00] Starting in 2016, a trend of non-metropolitan counties were gaining population more-so than metropolitan counties

[9:45] A lot of the migration trends could depend a lot on Generation Z

[13:00] What led you to believe that this mass migration to lower density living would occur?

[16:40] The average population density (APD) of the U.S.A. is only 87 people per square mile

[17:28] The APD of metropolitan areas of the U.S.A. is 283 people per square mile, and the APD of New York City is 27,000 people per square mile

[21:30] The rise of socialism 

[25:30] “Expansions make millionaires, recessions and depressions make billionaires”

[26:20] “In a recession or a depression, the person who wins is the person who loses the least”

Websites:

1-800-Hartman

www.JasonHartman.com

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

Jason Hartman’s Blogcast

www.RabbiMoffic.com

Direct download: YW_1441_Profit_From_Migration_Tidal_Wave__Big_Government_-_Evan_Moffic.mp3
Category:general -- posted at: 12:00pm EDT

Escape to the suburbs! Jason Hartman and Evan Moffic discuss the changes approaching in how we look at our homes. With the benefit of work and school being just a few feet away from our beds, we are all looking to improve our homes. And for those that are currently renting an apartment in the high-density, urban environments, a move in the direction of suburban-living is looking more and more promising. Homebuilders are saying that they are already seeing the effects of this growing trend. 

Fannie Mae and Freddie Mac are buying loans in forbearance and essentially they keep kicking the can down the road, delaying the inevitable. 

Key Takeaways:

[1;30] “Inflation is a disease of money, thus inflation may have become the oldest form of government finance…” - Jens O. Parrson

[7:00] Escape to the suburbs! All of the reasons why both present and past. 

[9:00] People are cocooning in their house.

[13:30] Home improvement will climb as a home office and school space is needed, colleges will change their format, gyms will try new concepts. 

[21:00] Homebuilders have seen sales jump as renters flee small urban apartments.

[24:30] Why Elon Musk is talking about moving Tesla out of California.

[27:20] FannieMae and FreddieMac are acting in a dysfunctional manner to bail out the system.

Websites:

RabbiMoffic.com

JasonHartman.com

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

1-800-HARTMAN

Direct download: YW_America_Is_Moving.mp3
Category:general -- posted at: 9:00pm EDT