Young Wealth by The Jason Hartman Foundation

Jason Hartman talks with Thomas Jones, former vice chairman and director of TIAA-CREF, former Chairman and Chief Executive Officer of Global Investment Management at Citigroup, and former Chairman and Chief Executive Officer of Citigroup Asset Management. He was also the former Vice Chairman of Federal Reserve Bank of New York. Jason and Thomas discuss Thomas' entrance into real estate, why Thomas is so bullish on America long term, and what sets America apart from the rest of the world.

Key Takeaways:

[2:31] Thomas and his bride actually started by bidding on 2 burned out buildings in Boston

[7:49] Thomas is perennially bullish long term, so dips in the economy are buying opportunities for him

[10:02] The changes on Wall Street over the years

[14:11] The most disappointing aspect to the reforms that have been made since the Great Recession

[19:19] One of the things that really sets America apart is the excited entrepreneurial spirit

[23:35] America faced a metaphorical crossroads in the late 1960s

[26:25] Our nation doesn't give itself enough credit for how far we've come, even though we still have a ways to go

Website:

From Willard Straight to Wall Street on Facebook

From Willard Straight to Wall Street

Direct download: YW_143_Thomas_Jones.mp3
Category:general -- posted at: 3:21pm EDT

Jason Hartman talks with Daniel Ameduri, co-founder of Future Money Trends newsletter and author of Don't Save For Retirement: A Millennial's Guide to Financial Freedom, about how the working environment has changed from the Baby Boomers to Millennials and how the Millennial generation need to change their mindset about retirement in order to not be left behind when they're ready to leave the rat race.

Key Takeaways:

[4:24] What does Daniel mean when he tells people not to save for retirement???

[8:38] Beware financial advisers, there's more education required to be a hair stylist

[13:21] Millennials should embrace the freelance economy

[17:40] Daniel is seeing boom time for the next year

Website:

www.FutureMoneyTrends.com/Save

Direct download: YW_142_Daniel_Ameduri.mp3
Category:general -- posted at: 11:06pm EDT

Jason Hartman talks with Spencer Burleigh, co-founder of www.RentTheBackyard.com. Spencer's company will build a unit on your land, list it online, and split the rental profits with you 50/50 as long as you have an area at least 25' by 20' clear and you live in your home most of the year. Listen in as Jason and Spencer discuss the business model and how you can take advantage of it.

Key Takeaways:

[1:37] What problem is Rent the Backyard addressing?

[6:31] Rent the Backyard is able to create a second dwelling on the property without getting the land rezoned

[11:07] The stigma behind manufactured housing needs to go away, but it also needs to get cheaper

[14:39] The income side of Rent the Backyard's business model

Website:

www.RentTheBackyard.com

Direct download: YW_141_Spencer_Burleigh.mp3
Category:general -- posted at: 12:00pm EDT

In today's off-topic 10th episode, Jason Hartman talks with Walter E Williams, Professor of Economics at George Mason University and author of American Contempt for Liberty, about what is going on in our society today. America has become a country of people who hate liberty and want to take from others to give to themselves or others who they deem need it more. There seems to be an unwillingness to accept that people earn more than others and thinking that the government needs to step in and play a role. Walter explains to Jason how we can solve our problems by telling the government to get out of the way more than telling them to help.

Key Takeaways:

[1:28] Do United States citizens really have contempt for liberty?

[7:23] Has the Trump administration turned the tide at all?

[10:45] Is a wealth tax fair?

[15:33] Politicians are doing exactly what we elect them to do

[20:47] The only way we're going to solve our nation's problems

Website:

www.WalterEWilliams.com

Direct download: YW_140_Walter_Williams.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks with Jeff Fromm, the Millennial Marketing Guy, about the differences between Gen Y and Gen Z. While the two generations are close in age, they are incredibly different when it comes to advertising, so it's crucial that you know the difference in the two. Jeff explains how those differences will impact society at large and certain industries specifically.

Key Takeaways:

[3:16] Gen Z are NOT Millennials to the 2nd degree. They're more like Gen X

[6:48] Some of the big differences between Gen Y and Gen Z

[15:22] Gen Z and Y both like to be involved with companies that support their causes, but there are some differences

[19:30] Will the Millennials and Gen Zers have interest in the McMansions that were built?

Website:

www.JeffFromm.com

Direct download: YW_139_Jeff_Fromm.mp3
Category:general -- posted at: 12:00pm EDT

Jason Hartman talks with Patri Friedman, Executive Director of The Seasteading Institute, about creating new countries using the seasteading technique. Patri discusses how the concept would work in today's environment and why it's not absurd to think of a country being created on the water. It's coming sooner than you expect.

Key Takeaways:

[1:44] What is seasteading?

[6:37] Why not just buy land from a country rather than doing everything out at sea?

[10:36] Patri's goal is seeing governments competing for citizens by treating them best

[14:13] How do you deal with security when you're in the middle of the ocean?

[18:34] What are these seasteads going to do for currency?

Website:

www.Seasteading.org

www.Twitter.com/Patrissimo

Direct download: YW_136_Patri_Friedman.mp3
Category:general -- posted at: 4:02pm EDT

Jason Hartman talks with Gabriel Weinberg, founder of DuckDuckGo and author of Traction: How Any Startup Can Achieve Customer Growth and Super Thinking: The Big Book of Mental Models, about how you can use some of the mental models to help you achieve the returns you desire. They also touch on the problem of achieving privacy in today's world and how DuckDuckGo helps in that.

Key Takeaways:

[1:45] What is Super Thinking?

[6:17] The Mental Model of Forcing Function

[10:08] The model fo Deliberate Practice

[14:58] Beware of Hindsight Bias

[18:46] To really get outsized returns you need to make a bet on the future

Website:

www.SuperThinking.com

www.Twitter.com/Yegg

Direct download: YW_137_Gabriel_Weinberg.mp3
Category:general -- posted at: 8:38am EDT

After giving a quick update on his cruise travels, Jason Hartman talks with Taylor St Germain, economic analyst at ITR Economics, about why lower interest rates haven't spurred the higher end housing market. The two also discuss what indicators Taylor looks at to get a gauge on the economy and the impact tariffs have had and may still have yet to come.

Key Takeaways:

[1:26] Are lower interest rates good news for cyclical markets or are they just too overpriced?

[5:53] The rise in wages has helped the economy but it's not changing the overall trend or forecasts

[9:51] Why are housing starts so important?

[14:56] ITR's concerns with the tariffs currently being put in place

[19:12] More tariffs could potentially put us in a recession, so be very careful if we see more coming

Website:

www.ITREconomics.com

Direct download: YW_136_Taylor_Germain.mp3
Category:general -- posted at: 3:22pm EDT

Jason Hartman talks with Andres Pira, CEO of Blue Horizon Developments, Managing Director of Phuket Condos & Homes and author of the book Homeless to Billionaire – The 18 Principles of Wealth Attraction and Creating Unlimited Opportunity, about his journey through real estate investing and how he reached this point in his career. Andres explains the importance of giving before expecting and how that will help you succeed in business and life.

Key Takeaways:

[1:48] Andres' path through the real estate world

[6:06] You have to take risks in life, so just make sure you consider the worst case scenario and whether you can bounce back from it

[9:40] Vibrational giving: give out first, then good things will come later

[14:49] Stop trying to win deals and make them win-win

Website:

www.AndresPira.com

Direct download: YW_135_Andres_Pira.mp3
Category:general -- posted at: 4:16pm EDT

Jason Hartman talks with Geoff Cook, co-founder and CEO of MeetMe and The Meet Group, about the creation of his company that has created a $400 market cap. MeetMe is a dating app like many others, but has differentiated itself by using live streaming. Geoff and his team have noticed that people are segmenting their personalities across brands rather than trying to change their privacy settings on one platform, and was able to take advantage of that.

Key Takeaways:

[1:49] How live streaming made Geoff's dating app revenue explode

[4:48] Deciding to go forward with live streaming was an all in bet for the company

[7:34] The problem right now with video on dating apps is that many people don't want to be in a video

[10:21] People share different aspects of their life with different brands

Website:

www.MeetMe.com

Direct download: YW_134_Geoff_Cook.mp3
Category:general -- posted at: 1:01pm EDT