CI 133 – SALT Taxes, Inflation vs Dis-Inflation & Tax Reform with Jim Puplava

Jason Hartman talks to one of his podcast mentors, Jim Puplava, host of Financial Sense, about his thoughts on the new tax reform, what’s happening with inflation (both today and moving forward), the different motivation of millennials compared to former generations, and more.

Key Takeaways:

[2:05] Will the new tax plan expedite people and companies leaving high tax states?

[6:53] Hidden taxes in states like California

[7:59] What’s the endgame when states and municipalities go bankrupt? Is it just a federal bailout?

[10:53] Jim’s current inflation thoughts

[14:23] How much longer can the US continue to kick the can down the road when it comes to the debt?

[17:49] Why double inflation arbitrage is fantastic for real estate investors

[21:03] What the next downturn is going to look like

[26:21] Jason’s new theory

Website:

www.FinancialSense.com

CI 132 – Investing Habits of the Centimillionaires with Richard Wilson

Jason Hartman talks with Richard Wilson, a family office expert, about what we can learn about investing by looking at what centimillionaires are doing. First off Richard explains what exactly a family office is, what amount of money it actually takes to be a part of one, and why you need an internal dashboard and compass in your life.

Key Takeaways:

[2:21] Some of the business practices used by centimillionaires

[6:05] What a family office really is, and why it’s a thing

[10:22] The net worth you need to make a family office worthwhile

[14:08] Niche domination as a strategy

[18:08] If you don’t have a focused approach to investments, and don’t do things highly intentional, you’ll never have synergy

[20:08] You need to have a dashboard and compass as to where you want to go, and it needs to be documented

[22:40] Everything in your life and business needs to have integrity

Website:

www.FamilyOffices.com

CI 131 – Overcome Financial Myths That Are Destroying Your Prosperity with Garrett Gunderson

Jason Hartman talks with Garrett Gunderson, founder of The Wealth Factory and author of Killing Sacred Cows: Overcoming the Financial Myths that are Destroying Your Prosperity and What Would the Rockefellers Do, about the financial myths that persevere in today’s world that need to go away. Too many people are living by the old rules that no longer have any basis in truth, and it’s time to steer away from those habits and in to habits that will actually help you win today.

Key Takeaways:

[1:49] A lot of people are still playing by society’s old rules

[4:56] The 4 main areas where you can win first and then play

[9:09] Even if there’s a finite amount of money, there’s an infinite number of times it can exchange hands

[12:50] The 2 ways you can overcome the scarcity belief system

[17:02] A quick exercise to make your income start rising

[20:18] What kind of insurance do you actually need?

Website:

www.WealthFactory.com/Podcast

CI 130 – How You Actually Achieve Personal Change with Joan Sotkin

In this 10th episode, Jason Hartman goes off topic with Joan Sotkin, host of the Prosperity Place podcast and author of Build Your Money Muscles, about how to rewire your brain for prosperity and financial freedom. Jane points out that you need to connect with your negative emotions about money because emotions are created to be expressed, as well as remembering that you’re not doing it for money but for what the money allows you to do.

Joan and Jason look into why people quit at the first sign of trouble and how you can be part of the 2% of people who actually achieve change.

Key Takeaways:

[1:44] Money problems aren’t usually about money

[6:14] The questions you need to ask yourself when you’re trying to change your bad habits

[9:44] You need to connect with your negative emotions surrounding an idea because emotions, by nature, need to be expressed

[12:04] Remember, you’re not working for money, you’re working for what the money will buy

[16:27] The people who are successful are problem solvers who see problems as opportunities

[20:44] What can you do about people who give up at the first hint of trouble?

[23:33] Only 2% of people who want to change actually make the change

Website:

www.ProsperityPlace.com

CI 129 – Can the Government Invest Wisely? with Richard Duncan, Part 2

Jason wraps up his interview with Macro Watch’s Richard Duncan. The two tackle the topic of rising interest rates, better uses for going into further debt than giving it to tax reform, how the Fed will react to a tanking stock market, and what we can expect to see over the next few years.

Key Takeaways:

[1:00] What people don’t realize about interest rates

“People buy houses on a payment, not a price”

[2:12] What the Fed will do if the market drops 10% and what else will happen if it drops 20%

[5:31] What Richard wishes the government had done with the $1 trillion in new deficits that will occur from the new tax reform

[10:06] Why Richard thinks the government can invest as wisely as private companies

[14:32] What are the next few years going to look like?

[17:05] People need to get very familiar with quantitative tightening

Websites:

www.RichardDuncanEconomics.com
(promo code: GLOBAL for 50% off)

CI 128 – Trade Imbalances & Rising Debt with Macro Watch’s Richard Duncan, Part 1

Jason Hartman welcomes Richard Duncan back to the show to discuss what’s going on with fiscal policy and interest rates right now. In the first half of the interview Richard talks about how the trade imbalance with China has enriched the nation and brought millions out of poverty, as well as how the general public has no idea how much the Fed is actually tightening, and how that will impact interest rates.

Key Takeaways:

[3:04] Jason’s theory on asset inflation and what it means if the millennials don’t join the investor class like the baby boomers did

[5:41] Why the future from an Asian perspective is much brighter than from a US perspective

[7:50] Who’s gotten the better end of the China/US trade imbalance?

[13:27] Richard believes the Fed is tightening more than people are understanding

[17:36] The Fed has been destroying at least $10 billion a month since October 2017 and it’s going to get bigger

[20:11] The Fed will have destroyed $1 trillion by the end of 2019 if they follow through on their announced plan

[22:20] Is the Fed likely to make a course correction if rates go too high?

Websites:

www.RichardDuncanEconomics.com
(promo code: GLOBAL for 50% off)

CI 127 – Interest Rates in 2018 & Appreciation with Barry Habib of MBS Highway Zillow & Pulsenomics

Jason Hartman talks with Barry Habib, renowned mortgage industry executive and founder of MBS Highway, about what to expect in the mortgage world in 2018. The two discuss why the media doesn’t seem to get real estate, why real estate appreciation doesn’t have to match stock market appreciation, mortgage tax deductions, and how the Roe v Wade decision actually impacted a housing bubble.

Key Takeaways:

[1:31] Is Barry still bullish the US real estate market?

[5:35] The power of leverage, when a 6% return can dwarf 20%

[9:25] The interest you pay for your house goes to the lender, but the principle is STILL YOUR MONEY

[11:50] How much Barry expects mortgage rates to rise in 2018, and how it impacts appreciation

[12:55] Why aren’t people taking the mortgage tax deduction?

[14:34] The bullish sentiment is the highest it’s been in about 20 years

[18:45] How Roe v Wade led to a housing bubble

Website:

www.MBSHighway.com

CI 126 – Wholesaling, Flipping & Investing with No Money with Tom Cafarella

If you want a story of someone who started with nothing and ended up with everything, Tom Cafarella is your man. Jason Hartman talks with Tom about his experience starting out in real estate with no money, how he worked his way up, how he sources his properties, how you can evict tenants in tenant friendly areas, and more.

Key Takeaways:

[2:09] Tom’s journey to leave corporate America (which started immediately upon entering)

[7:02] Tom’s first fix and flip deal

[9:59] Flippers may have spending money, but buy and hold investors accumulate real wealth

[14:18] How is Tom sourcing his properties?

[17:56] Suggestions for evicting in tenant friendly municipalities

[19:30] Should you have a real estate license when you start wholesaling?

Website:

www.RealEstateInvestingIsEasy.com

CI 125 – Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage with Harry Dent

Jason Hartman talks with Harry Dent, author of the new book Zero Hour, about current demographic trends and what they means for our society (assuming fiscal and monetary policy doesn’t go haywire), as well as how long technology takes to go mainstream and impact society, the impact of sunspots on our economy, environment, and psychology, why the new tax reform is the cure for the problem that doesn’t exist, and more.

Key Takeaways:

[2:13] What does Harry learn by looking at sunspots?

[6:28] There’s both global warming and cooling going on right now thanks to sunspots

[8:26] Harry does NOT believe this is the time to be cutting taxes

[11:26] The greatest BS economic recovery in history

[14:30] How much does money trickle in this consumption driven economy that needs growth?

[17:23] Nobody takes downturns into consideration when planning the future

[20:57] When are we likely to see a spike in life expectancy?

[24:08] The wild card in predictions using demographics is the government’s monetary & fiscalpolicy

[27:37] Why we’re going to have a big revolution if things don’t change

Website:

www.HarryDent.com

AIPIS 124 – Attractive Investments & the Investor Class with Pragmatic Capitalist Cullen Roche

Jason Hartman talks with Cullen Roche, founder of Pragmatic Capitalism, about macroeconomic events going on today, how Cullen studies the markets, why bonds are more attractive than many believe, and the investment strategy you have to adopt when investing in cryptocurrencies today. The two also take a look at the banking industry, money supply, and asset inflation.

Key Takeaways:

[2:12] What does Pragmatic Capitalism really mean?

[10:45] The macro-economy still looks healthy

[13:59] Cullen looks at the economy like an engineer in order to try and understand what’s going on

[17:37] Bonds are probably more attractive than most people believe

[20:29] Cryptocurrencies have become a “greater fool theory” investment

[24:51] Asset inflation is real and it’s becoming harder and harder to get into the investor class

[29:09] The banking industry is what creates most of the money in our economy

[31:27] One of Cullen’s outlandish theories

Website:

www.PragCap.com