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

CI 123 – The Unique US Real Estate Market with Eric Pichet

Jason Hartman talks to Dr. Eric Pichet, Professor & Director of Specialized Masters Program in Wealth Management & Real Estate Management at KEDGE Business School in France, about real estate around the world, as well as the current view of cryptocurrency by governments across the globe.

The two discuss how there is no global real estate market, but there are similarities in each of them, why the US home market is so much bigger than other nations, how cryptocurrencies are being received in Europe and whether governments and central banks will be moving to crush them in the near future.

Key Takeaways:

[1:43] There’s no global real estate market, but we seem to be in about the same place in the cycle of each of the big areas

[5:27] Eric’s take on Jason’s 3 types of market belief

[6:37] Why Jason thinks the European home market is much slower than the US

[10:12] The series of economic events that led to French citizens being interested in real estate

[12:10] The sentiment about cryptocurrencies in Europe

[16:11] How are cryptocurrencies viewed by governments and central banks?

[18:58] Eric expects the G20 nations to declare Bitcoin as a tool for money laundering and terrorism

Website:

www.EricPichet.fr

CI 122 – The Future of Affordable Housing with Baby Boomers with NHP Foundation’s Richard Burns

Jason Hartman talks with CEO of the NHP Foundation, Richard Burns, about the affordable housing crisis in the United States. The current method of creating affordable housing isn’t working for anyone, but Richard thinks there’s a way that it can be solved that benefits all parties.

Key Takeaways:

[1:36] What solutions are available for affordable housing?

[4:29] The two components of real estates value

[6:12] We are nowhere near meeting the affordable housing demand, so what do we do?

[10:09] Where did the high paying, real careers go that made people end up in careers that were meant to be stop-gap jobs?

[12:16] What does Richard’s non-profit do?

[15:51] Richard’s thoughts on rent control

[17:42] What the Baby Boomer survey showed

Website:

www.NHPFoundation.org

CI 121 – Client Case Study with Gary & Sue Pinkerton on Mortgage Sequencing & Self-Management

Jason goes into his client case study with Gary & Sue Pinkerton. The two give Jason a lot of background on why they’re investing in real estate, why they continued investing even when their initial property went horribly awry, the way (and reason) they went about their mortgage sequencing, and how they picked the markets they’re currently in.

Key Takeaways:

[2:22] Gary & Sue’s first property did NOT start off well

[7:12] It’s crucial to listen to your wife’s intuition

[11:04] How Gary & Sue decided to split up their mortgages and why

[14:13] Why Gary & Sue picked the markets they’re in today

[18:22] Sue’s self-management tips

[21:58] The fragmented nature of single family real estate investing is frustrating

[25:19] There’s NO SUCH THING as a passive investment

Websites:

www.JasonHartman.com/Properties