Fri, 27 July 2018
Gary Pinkerton starts off the show discussing the idea that when you invest in real estate you can't lock in to one strategy and think that you've got everything set for life. You have to be flexible based on the business cycle and economic conditions. Then we have part 1 of Jason's interview with Rich Dad Advisor Ken McElroy. Ken tells Jason some of the most common mistakes he sees real estate investors make, why you can't just buy real estate any time you like, and some tips on how to do property management the right way. Key Takeaways: [4:01] Investing in real estate means you can't just lock into one formula, you have to be flexible based on the markets Jason Hartman Segment: [12:25] CNBC video about current levels of economic optimism [17:34] What The Wheel of Life is about [24:16] The two common mistakes Ken sees in real estate investors [26:19] Real estate is cyclical, so you can't just buy all the time throughout your career [28:41] Ken's real estate business model [30:20] Some tips on how to do property management right [33:01] C class properties look good on paper, but in the long run, better quality properties bring better quality tenants Website: |
Wed, 25 July 2018
Gary Pinkerton has the honor today to speak with World War 1 Marine Veteran Larry Klairmont about his time in the service and how he managed to run several successful business afterward. Larry has some business advice for those leaving the service as they start their journey, as well as how he manages to keep employees around in his company as long as he has (some have been around 30+ years). Larry also discusses his passion project, which is a car museum in Chicago with over 300 cars, some of them one-of-a-kind. Key Takeaways: [3:23] Gary has a suspicion that retirement might actually work against you Larry Klairmont Interview: [11:24] Larry's business advice to those leaving the service [14:11] Larry has family working in his company, but they understand that if he overrules them then they are overruled [15:49] Recently Larry opened up a car museum with some very rare cars [20:23] Larry has a special place in his museum for Marine veterans Website: |
Fri, 20 July 2018
Jason and guest Gary Pinkerton breakdown the article, 27 Charts That Will Change How You Think About the American Economy. Each chart represents changes in the US economy related to productivity, demographics or inflation. Highlights of the discussion include the possibility for people to work well past the current social security mandated retirement age, the lopsided amount of service jobs as compared to labor jobs and the real opportunity which exist for real estate investors based on the percentage of Americans with a sizable nest egg. Key Takeaways:[4:10] There's a lot of money looking for a place to work, which usually leads to bad investments [6:25] Phenomenal opportunities await real estate and income property investors. [10:26] A Gobankingrates survey illustrates the crisis at hand showing 62% of the US population has less than $1000.00 as savings. [19:15] Gary was looking for a way to shift active income into passive income which led him to the Creating Wealth podcast. [21:32] The 27 Charts that will change how you think about the American economy article, by Timothy Lee. [25:42] As the Service Industry grows, it is a clear indicator of progress and a higher standard of living. [29:34] People have been dropping out of the labor force since the year 2000. [32:05] The real estate charts show growth in urban areas. [36:40] Analyzing chart #19, Inflation-adjusted housing prices. [41:53] Housing prices have grown a lot faster than construction costs. [46:17] The ways Americans retire are changing. Mentioned in This Episode:27 Charts That Will Change How You Think About The American Economy. |
Wed, 18 July 2018
Today's episode features Gary Pinkerton talking with Anton Ivanov, creator of DealCheck, about his journey as an active duty serviceman with income property, and how it's led to the portfolio he and his wife have today. Anton created his app DealCheck for real estate investors to analyze properties, and has a good sized portfolio, but still holds down a W-2 job in order to get further along in his journey. Key Takeaways: [3:01] No W-2 job is a perfect fit, we all have things we dread doing [6:02] Discount code for DealCheck: HERO25OFF Anton Ivanov Interview: [11:36] Anton's journey into an "accidental landlord" [17:22] Anton never expected real estate to become his full time endeavor [18:59] Some people quit their job as soon as they reach their financial freedom number but then can't expand their portfolio because they're using all their cash flow for living expenses [24:43] What is DealCheck? [31:14] There are some things about military members that puts them in position to be successful real estate investors Website: www.DealCheck.io |
Sat, 14 July 2018
Gary Pinkerton starts off the show today discussing the search for our unique genius, how his coach has helped him, and what he has found his is. Jason welcomes return guest, Daniel Amerman back to the program. Daniel and Jason have been discussing the US economy for over 10 years and Jason continues to use one of Daniel’s charts in his seminars. Daniel is a Charter Financial Analyst with the ability to dissect economic statistics and other financial information then create practical, relatable charts we can all understand. During today’s conversation, Daniel speaks about the unfunded liabilities of the Social Security Administration, hidden inflation and why the mortgage is one of the few wealth creating vehicles left. Key Takeaways: [1:55] Part of Gary's process as he pursues his "unique genius" has involved hiring a coach, which has helped him tremendously [5:23] Gary is inspired to help as many people as possible buy back their time with passive income so they can go pursue and master their trade Daniel Amerman Guest Interview: [8:55] The first real estate President has a vested interest in the economy beyond what is good for the people [13:06] Congressional Budget Office says 'trust us' [15:30] The Social Security Administration’s unfunded liabilities [21:57] Dan's Personal Challenges Created by the National Debt matrix [29:58] Built in inflation often goes unnoticed. Website: |
Thu, 12 July 2018
Dr. Vitale believes when you learn to get clean with money and stop self sabotaging your financial future you will start to attract more money to you. You must first get through the filters that are your beliefs and see what is really possible to know you are deserving of living a wealthy life. When you want something and have the means to obtain it you should buy it to reinforce an unconscious belief of worthiness. And, always give back a portion of your good fortune to create a bond of trust in the universe. Key Takeaways: [1:43] Lock in your government backed 30 year loans while you have a W2 [4:19] The capability of the human brain is astounding [5:36] The Baader-Meinhof Syndrome https://rationalwiki.org/wiki/Frequency_illusion [8:33] The power of meditation and journaling is teaching your subconscious what's important to you [9:59] Be the person, do the things, then you will have Joe Vitale Interview: [12:16] Dr. Vitale has been working on this lately [15:22] The 2 reasons you don’t let money into your life [16:25] Get clean with money, money isn’t evil money is neutral [18:18] The Secret is an introduction to an idea [19:18] Taking inspired action after visualising your want [21:17] Our conscious beliefs are us in the waking world [23:54] The 7 steps in the free Attract Money Now book [25:54] The difference between a fact and a belief [29:35] The psychology around prosperous purchasing [32:02] No one is preventing you from making more money [33:33] Give 10% of what you have to what or who inspires you [37:38] Think like an entrepreneur and look for opportunities [38:14] Listen for complaints and make the product or service solution [40:44] Mr. Fire ignites something in people Website: |
Fri, 6 July 2018
The US is facing a looming financial crisis. In this episode, Jason outlines six business plans the government can use to ease its inflationary pressures. Four of the plans could result in negative outcomes, while the final two plans could achieve debt repayment by way of inflation. Understanding inflation and all of its aspects are not for the light-hearted. Jason explains inflation, how the government reports on inflation and offers up some educational resources for those who want to know more. Key Takeaways: [3:10] We need to balance putting more money outside of our retirement plans to use as direct investing [5:29] Educate yourself about what the government is telling you they will give you breaks for and adjust your planning accordingly Jason Talk: [11:50] Jason identifies 6 ways to deal with inflationary pressures [18:52] Using inflation as a tool to avoid paying debts [25:14] Understanding the difference between real and nominal and price and value [31:24] Redistributing wealth through inflation [37:46] The three ways the government manipulates inflation statistics Website: |
Wed, 4 July 2018
Gary Pinkerton has this special 4th of July episode with Julie Ziglar Norman, daughter of legendary motivational speaker Zig Ziglar and current motivational speaker, as the two discuss her experience in real estate, overcoming her husbands issues with credit cards and alcohol, and the empire that her father Zig created and she continues with her family. But first Gary starts the show discussing the Declaration of Independence and the Constitution and why a government that changes slowly is still the best one out there. Key Takeaways: [3:46] The Declaration of Independence was written for the world stage [9:04] Always remember what the Founding Fathers were putting at risk when they helped found the USA [11:53] The methodical government is the one that protects the people's liberties Julie Ziglar Norman Interview: [19:03] Julie's investment real estate company [22:38] Ziglar Inc is very supportive of our troops and their families, and puts their money behind them to prove it [27:43] Julie's husbands issue with credit cards [31:21] Julie's role in Ziglar Inc [36:11] What method of Zig's does Julie hear about most often from others? [38:38] You have to prepare yourself to be ready for the opportunities when they present themselves Website: |
Wed, 4 July 2018
Today's episode highlights one of Jason's important notes about the benefits of investing in real estate. We all know inflation is right around the corner as it is the only way the government can get out of the current economic climate. Inflation will erode our purchasing power, our stocks, our savings and the rich will get richer. Investing in Income Property is your best weapon against the forthcoming inflationary increase. Key Takeaways: [9:04] Using a movie or Broadway play can get the attention of the political left [12:39] Investors should align their interests with the government and the powers that be Creating Wealth Live Clip [16:52] The 6 ways the government is likely to inflate themselves out of a mess [19:04] Understanding inflation in all of its forms [22:03] The political left uses the guise of compassion and the right uses the guise of fiscal responsibility [24:07] The government imports a deflationary force [28:03] All the bills Americans need to pay are increasing while the price of ‘wants’ is going down [31:49] How does income property counteract inflation? Website:
Direct download: HI_127_Inflation_Induced_Debt_Destruction.mp3
Category:general -- posted at: 5:45pm EST |
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