Heroic Investing Show

The Summit At Sea is a special event & cruise that Patrick & Gary have attended for the past several years.

Gary has had a career that is nothing shy of historic. He’s a graduate of the U.S. Naval Academy at Annapolis, served on 4-different ships and is the former Commander of a the top secret submarine, U.S.S. Tucson (SSN 770), where he earned several military commendations. He also recently co-authored the book “The One Thing That Changed Everything”.

Together, Patrick and Gary talk about the importance & value of being on a great team. They also discuss their takeaway’s from The Real Estate Guys, Summit At Sea!

Websites:

www.TheWealthStandard.com

www.GaryPinkerton.com

Direct download: HI_109_Patrick_Donohoe.mp3
Category:general -- posted at: 8:41pm EST

Gary Pinkerton talks to retired police officer Lance Lorusso about his transition to the public sector and how others can successfully do the same. Lance is author of When Cops Kill.

The two discuss how police officers roles have changed with the tiems, how the culture in today's society helps first responders more so than in the past, the importance of writing out your goals, and important things to do BEFORE you leave your first responder job.

Key Takeaways:

[7:56] Why Lance wrote "When Cops Kill"

[10:03] How police officers have had to change how they do things in recent years

[14:11] What did Lance encounter as he transitioned out of his first responder role?

[17:42] The culture in today's world is such that you shouldn't have to settle

[21:42] Have goals, write them out, and don't be afraid to adjust them

[25:46] The two big things people discovered they missed while they were deployed

[27:51] What you should try and do before you get out

Websites:

www.LanceLorussoBooks.com

www.BlueLineLawyer.com

www.LorussoLawFirm.net

Direct download: HI_108_Lance_Lorusso.mp3
Category:general -- posted at: 9:37pm EST

Do you have the sense to wait out the market during lag times? Buy and hold is Jason’s philosophy and he is a self made multi millionaire. The average American will never buy at the markets lowest point nor sell at the highest point. For most it takes time for the media’s influence to inspire action which means always being late to the game. Increasing your knowledge and learning pertinent facts and figures will help you to anticipate upcoming changes in the market.

Key Takeaways:

[8:09] The impact of technology on inflation

[9:07] Rate of change in inflation rates

[11:50] Deflation in 2015 - July being the most deflationary month ever in the U.S.

[14:13] Maintaining yield with the income and expense ratios

[15:42] Staying power through lag time

[16:58] How deflation affects real estate markets

[19:47] Cash flow allows you to weather the downmarket storm

[22:04] Jason’s Commandment #5 - Thou shalt not gamble

[24:11] Naresh questions what happens to the real estate market if we see a rate hike in 2016

[24:49] The 3 dimensions of real estate are buy, rent or homeless

[27:31] Multidimensional asset class and price discovery

[28:57] An example of an exchange to a linear market

[35:49] Gold doesn’t produce income and its not a good asset class

Website:

www.ShadowStats.com

Direct download: HI_107_Gary_Jason.mp3
Category:general -- posted at: 5:05pm EST

Gary Pinkerton talks with former police officer David Greene about David's experience as an investor while still working full time, how he's able to get be as successful as he's been, using technology, and more.

Key Takeaways:

Gary Intro:

[4:22] Start a mentorship program to learn what others have done

David Greene Interview:

[8:13] David's story of starting to invest while he was still working full time as a police officer

[12:28] Where is David buying property?

[15:25] Walking a house might actually do more harm than good

[16:17] The Core 4 you need for your team

[20:38] If you want to find the best people, you need to be the best so you attract the best

[24:31] It's not that hard to get a great reputation in most parts of life because the bar has been set so low

[28:16] How David mixes technology and his Core 4

Website:

www.GreeneIncome.com

Direct download: HI_106_David_Greene.mp3
Category:general -- posted at: 8:53am EST

Jason talks a little bit about mastermind groups and touches on an article that was released by USA Today on the subject of investments. Jason brings up some very interesting points on the minimum wage discussion as well as talks about conflict of interests in financial advisers. As always, Jason shares some timeless wisdom about the US dollar, commandments to live by, and more.

Key Takeaways:

9:45 - Minimum wage increases always causes inflation.

15:00 - Give yourself small rewards along the way

17:40 Jason talks about commandment number nine

17:20 - The American work space is getting smaller as more people work from home

27: 15 - Jason talks about the gold bugs and other forms of currency

31:45 - The US dollar will still be the reserve currency

34:10 – Jason does a deep dive into his personal commandments

41:40 – There is no such thing as passive income

45:00 – Jason's company looks for landlord friendly markets. 

Website:

USA Today - Retirement Savings

Newser - Losing Your Office Space

Business Insider - US Dollar Trade

Direct download: HI_105_Landlord_Friendly.mp3
Category:general -- posted at: 12:22am EST

Today's episode features Gary talking with veteran Michael Diamond, General Manager of Payments at Mitek Systems in San Diego. Michael and Gary discuss the unique skills that servicement learn, and how you can use those skills to your advantage after you get out of the service.

Key Takeaways:

[10:53] The military needs unique skill sets for some things, and likes to borrow them from civilian life

[12:39] One of the primary reasons Michael left the service

[15:14] How Michael's transition out of the military went

[21:11] The constant question you need to ask yourself

[25:19] Michael is more of an interpreneur, and what kind of opportunities that opens up for him

[29:54] When you come out of the military you're in a good position because people have respect for the armed forces, but there are some negative biases you have to overcome as well

[34:32] The areas Michael's blog focuses on

Website:

www.MichaelDiamond.com

Direct download: HI_104_Michael_Diamond.mp3
Category:general -- posted at: 9:31am EST

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.Jason Hartman’s introduction for today’s Creating Wealth Show focuses around the notion of being an empowered investor. This is the main theme for the 2015 Meet the Masters Event, but is also a vital concept to keep in mind for all of your investment strategies.

Direct download: HI_103_Aunt_Joan.mp3
Category:general -- posted at: 5:13pm EST

Gary Pinkerton talks with former IRS enforcement officer Michael Valvardi about the state of security in the US. Recorded shortly after the Parkland shooting, Michael gives his idea for helping first responders and protecting schools in a way that he believes will end school shootings.

The two also discuss how the US responded to 9/11 and what needs to change in our country today to ensure we prevent any more terrorist attacks coming in to our country.

Key Takeaways:

[1:46] Gary's book launch was a great experience

[8:22] In 1997 the FAA stopped allowing armed federal agents on planes

[9:56] Michael's solution to school shootings

[15:39] Policies about dealing with suspects changed when Obama took office

[18:44] More money needs to be put into preventing terrorism, not reacting

Website:

www.TheTimeOfHisComing.com

www.GaryPinkerton.com

Direct download: HI_102_Michael_Valardi.mp3
Category:general -- posted at: 1:45am EST

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