Fri, 9 November 2018
CW 1082 FBF - Jason & Naresh - Critical Thinking, the Financial Media Talking Heads, Tax Liens & Cuba
Today's Flash Back Friday comes from Episode 773, originally published in January 2017.
Welcome to Creating Wealth 2017! The most important takeaway from today’s conversation is to start investing in real estate income properties now. If you already have an existing portfolio beef it up. Time is short and the longer you own a property the more money you make. Preserve your financial future. On today’s show, Jason brings Naresh back after an 8-month absence to discuss the benefits of smoking, the problem with the financial media in the U.S. and the farce which is making money on tax liens and deeds.
Naresh also shares his findings from his recent trip to Cuba.
[1:35] If you haven’t started your real estate portfolio and secured your financial future the best day to do it is today.
[5:03] The benefits of smoking include being social.
[14:00] Thinking critically and holding opposing thoughts on the same subject shows a high level of intelligence.
[15:56] Drinking the kool-aid is easier than doing your homework when investing.
[17:34] The problem with the financial media is the people delivering the news are not business people.
[24:37] How to make money from investing in tax liens and deeds and why it’s not a good idea.
[35:11] Naresh shares his experiences from his recent visit to Cuba.
[42:28] One of the few things Obama did that Jason agrees with is opening up Cuba.
Mentioned in This Episode:
Fri, 9 November 2018
CW 1081 - Coming Stagflation, Pitfalls of Short-Term Rentals & The End of Ethics & Banking with Scott A Shay
Jason Hartman starts this episode with a look at former Fed Chairman Alan Greenspan's most recent article outlining his concerns with our current economic situation. Greenspan is concerned we're headed toward stagflation, so what would that do to the average real estate investor? One sector that could potentially get hit is short-term rentals, so Jason investigates one of his big concerns on that front.
Then Jason finishes his conversation with Scott A Shay, co-founder of Signature Bank and author of In Good Faith: Questioning Religion and Atheism, about the degradation of ethics and character, and how we can reverse the course our nation is still on that idolizes money and power.
[3:40] Alan Greenspan's new article highlights some of his concerns about our economy
[7:19] The graying of America
[9:34] Greenspan says Stagflation is coming, so what does that mean for real estate investors?
[14:17] What concerns Jason about short-term rentals
Scott Shay, Part 2
[20:45] There's a degradation of ethics and character today
[25:26] How do we fix our current idolatry of money and power?
[30:00] How Adam Smith and Chapter 19 of Leviticus are similar