Fri, 29 May 2020
1472 FBF: How Entrepreneurs Reach Maximum Potential with Dan Sullivan Co-Founder of ‘The Strategic Coach’
Today’s Flashback Friday episode was originally released: October 20, 2009
As always, our purpose at The Creating Wealth Show is here to provide the cutting-edge information necessary to “create wealth” in today’s economy.
Many of our listeners are interested in learning more about profiting from various business opportunities, we are now adding this “track” to our list of sought after real estate and financial experts. Here to help us launch this new track is Dan Sullivan, co-founder of The Strategic Coach®. As an international organization offering practical thinking tools and support, Dan Sullivan has structured his company to help individuals create the personal and professional future they want.
Dan’s strong belief in the power of the entrepreneur is evident in all areas of Strategic Coach which works to help entrepreneurs reach their full potential in both their business and personal lives. He is author of over 30 publications, including The Great Crossover, The 21st Century Agent, Creative Destruction, and How The Best Get Better®.
Thu, 28 May 2020
Jason Hartman takes a look at economic recoveries from past U.S. recessions. Beyond understanding the shape of an economic recovery, the details of the growth percentage and the term of growth can help us to understand where we are now. While some economic predictions can be made based on past information, the Coronavirus Pandemic does contribute to breaking pre-pandemic trends. Jason also discusses umbrella insurance policies and some flood insurance myths.
Webinar: Asset Defense
This Weekend and Wednesday
[2:30] Answering a listener question from Tony E. Understanding umbrella insurance policies.
[10:50] Let’s talk about flood insurance and bust some myths.
[14:00] The U.S. savings rate increased by the highest percentage in 39 years, since the pandemic hit the news.
[17:00] What’s the ‘shape’ of our recovery? Possibly and O-shaped recovery?
[18:00] Home sales have skyrocketed
[21:00] Supply-demand shock, from oil, the housing market, to quick deliveries.
[22:30] Short-term and long-term bond interest rates.
[24:30] After the yield curve recovered, how long until the start of a recession?
[28:30] Looking at home prices in the U.S. in a market-weighted heavily on cyclical market prices.
Wed, 27 May 2020
1470: True Reagan & Winning Your Audience, Deliver a Message with the Confidence of a President by James Rosebush
Great news for investors, people are buying homes in the suburbs! Jason Hartman speaks about the importance of exact numbers. And as a prelude to our guest on public speaking, Jason answers some questions from our listeners. We thank you for your questions and always invite more JasonHartman.com/ask
James Rosebush, a former Deputy Assistant to President Reagan, is on the show to discuss his book, Winning Your Audience. He shares tips to sound more like Reagan, the great communicator.
[6:00] Knowing when your numbers need to be exact, and when they can be rough estimates for purposes of comparison.
[8:20] Newly pending homes up almost 50%! Does this mean the housing market is already rebounding from Covid-19?
[12:00] Answering questions for listeners
[20:30] Reagan, the great communicator, loved his audience. This was his secret to success as a speaker.
[26:20] Speech abilities given to Reagan because of his history as an actor.
[30:00] Some tips to speak a little more like Reagan.
[32:00] Visualize what you want to give brilliance to your speech.
[36:00] The experience of being blessed by the Pope.
[37:00] 65% of communication is non-verbal.
[41:00] If you speak from your heart, you will win.
[44:00] We need more speakers that are sherpas.
Tue, 26 May 2020
Virtual Meet the Masters, coming up! Jason Hartman reminds listeners of the benefits of getting dressed when working from the home office. Will higher education’s business model change? Did Hertz get caught lining their pockets before filing bankruptcy?
George Gammon returns to discuss the allegory of the Hawk & Serpents. What kind of economic cycle are we in right now? How long will it last, and what’s to learn from it?
[3:20] The importance of getting up and getting dressed when you go to work at the home office.
[9:15] Scott Galloway talking about the imminent disruption of higher education’s business model.
[10:45] What did Hertz do before filing for bankruptcy protection?
[15:50] What is the dragon portfolio? And what is a risk parody portfolio?
[17:00] Allegory of the Hawk & Serpents, and understanding the twenty to thirty-year economic cycles.
[20:20] Link for the cycles: https://docsend.com/view/taygkbn
[24:30] We don’t have inflation or deflation, we have a combination of both all the time.
[31:45] One would think that when you have a strong dollar, everything else would be cheap in comparison. George says there isn’t really a correlation between the consumer price index compared to what the dollar is doing.
Dragon Portfolio: https://docsend.com/view/taygkbn
Mon, 25 May 2020
It’s being talked about everywhere, the exodus to suburbia. Jason Hartman continues to educate real estate investors on the best market profiles in which to invest. If these handpicked markets weren’t already looking great to you a year ago, the mass migration to the suburbs might be the tipping point. Ride the wave, get out in front, take a small risk.
We are joined today with a local market specialist for an update on Northeast Florida. Rental demand has gone up. Home goods are likely to go up as everyone settles into their new residence.
[4:45] If you want the thrill of the great ride, the return on investment, “you gotta take some risks.”
[9:30] Talking about the U.S. agility its respective economy.
[13:45] People are moving to suburbia. How can you profit from this?
[16:00] Those that are leaving high-density areas, will arrive in suburbia thinking that everything looks cheap.
[19:45] America, the invented nation.
[21:00] Looking at an increase in rental demand.
[23:00] Local market update in Northeast Florida.
[28:00] Home goods demand is likely to climb as people migrate from high-density apartments.
Fri, 22 May 2020
Today’s Flashback Friday episode was originally released: January 25, 2008
Let's examine the subject of debt, both good and bad. The prudent use of leverage or borrowed money can accelerate wealth creation and reduce risk. We'll look at many perspectives including a profile of Donald Trump and his "troubles" in the 90’s.
Thu, 21 May 2020
Does the RV Ratio matter right now? Jason Hartman discusses the recent changes in mortgage rates, and therefore the RV ratio’s importance has shifted. All real estate is local, and so is an infectious disease. Covid-19 is having inconsistent numbers with cities reopening across the globe.
Mark Moss returns for part two to discuss bitcoin and cryptocurrency. Bitcoin does not need to be the global currency to have weight and validity. From game-theory to understanding what gives the currency its value, Mark shares what he knows about investing across the board.
[2:30] All real estate is local, and all infections are local.
[5:00] Metrics to find out if an investment property makes sense the day you buy it.
[6:00] Understanding the RV Ratio, rent to value
[11:00] Pick your battles less intelligently, if you have resources.
[14:00] Why the RV Ratio doesn’t matter so much right now.
[19:00] Shifting to Cryptocurrencies
[22:20] Will cryptos lead to a separation of money and state?
[26:00] There shall never be sound money again until it is taken from the government.
[29:10] Understanding the bitcoin halving.
[32:30] While bitcoin may be limited, Cryptos, in general, have no limit?
Wed, 20 May 2020
Even Warren Buffet makes mistakes. Jason Hartman discusses the stock market versus real estate investing. Which of your investments can zero out?
Jason Hartman talks with guest, Mark Moss, who believes in fully diversifying your investment portfolio. Mark shares his strategy on investing in gold, stocks, real estate, and even cryptocurrency. All of his strategy leads back to the idea that cashflow is the name of the game.
[3:33] The main thing, is to keep the main thing, the main thing.
[4:45] Warren Buffet! What happened? Swindled?
[15:00] Mark Moss
[16:30] The smartest people in the world know that they don’t know.
[18:00] Cashflow is always the name of the game, but I don’t forget about investing for growth.
[22:00] Determine your own tolerance for risk.
[24:45] Understanding money creating, through debt.
[26:25] Since 1971, our standard unit of value has been severed.
29:00] Fake wealth vs creating wealth
[34:00] Shifting to Cryptocurrencies
Tue, 19 May 2020
Are you a hustler, or a bottom-feeder? Jason Hartman reminds investors and listeners alike, that good things may come to those who wait, but don’t wait too long.
Consuelo Mack of Wealth Track on PBS joins the show today to elaborate on the effects of the non-discriminatory Coronavirus. She expects to see two economic waves from this, and the second has yet to hit. Find out where she, unlike many others, recommends that you invest.
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[3:45] Inflation has been low if you add it up.
[6:45] Commercial landlords are fuming.
[12:00] Things may come to those who wait, but only the things left over by those who hustled.
[14:30] Yes, this pandemic is non-discriminating, but a great takeaway is how lucky we are in America. Now is a time for most to reevaluate their personal, and professional lives.
[17:00] Expecting two waves in the economy. First, the shock and stop. Second, the aftershock and termination of employees.
[18:00] Cash reserves are extremely valuable in times of crisis.
[19:00] Cash is not trash!
[20:45] The value of liquidity can not be underestimated at times like this.
[25:00] People are already taking action to leave high-density areas.
[30:20] Reverse mortgages
[36:15] What role does FinTech play in all of this?
Mon, 18 May 2020
Be a doer! Jason Hartman discusses the risk/reward investment concepts when looked at in hindsight. It’s not about gambling, it’s about building solid fundamentals for investing. It’s understanding the advantages of multi-dimensional assets.
Jim Rogers returns to the show for his first time in seven years. Jim talks with Jason about government power, and their financial strategies. The big question concerning government stimulus right now is, “how will we suffer from this?”
Jason’s Recommendations For Your Library:
[3:15] The hardest ship to sail is a partnership. Investing Commandment Number 3, “thou shalt maintain control”
[7:30] When you look back over time, the rewards always go to the doers. They always go to the risk takers!
[12:00] Returns based only on inflation induced debt destruction…at the official rate of inflation, which is often understated.
[13:30] Jim Rogers
[19:30] Every government wants more power than they have.
[21:20] How will we suffer from this?
[27:00] “Whenever things go wrong in a country, thought history, politicians blame foreigns”
[36:00] “When I was younger, many people helped me. Even if I look like a fool, I’d like to help people where I can” -Jim Rogers
Fri, 15 May 2020
1462 FBF: The Seeds Of Success with Og Mandino & Fending Off An IRS Attack with Peter DeGregori & Richard Lillycrop
Today’s Episode of Flashback Friday was originally published on February 1, 2008.
Jason shares inspiration from Og Mandino, tax advice from CPA Peter DeGregori and Richard Lillycrop one of our British investors.
Thu, 14 May 2020
Escape to the suburbs! Jason Hartman and Evan Moffic discuss the changes approaching in how we look at our homes. With the benefit of work and school being just a few feet away from our beds, we are all looking to improve our homes. And for those that are currently renting an apartment in the high-density, urban environments, a move in the direction of suburban-living is looking more and more promising. Homebuilders are saying that they are already seeing the effects of this growing trend.
Fannie Mae and Freddie Mac are buying loans in forbearance and essentially they keep kicking the can down the road, delaying the inevitable.
[1:30] “Inflation is a disease of money, thus inflation may have become the oldest form of government finance…” - Jens O. Parrson
[7:00] Escape to the suburbs! All of the reasons why both present and past.
[9:00] People are cocooning in their house.
[13:30] Home improvement will climb as a home office and school space is needed, colleges will change their format, gyms will try new concepts.
[21:00] Homebuilders have seen sales jump as renters flee small urban apartments.
[24:30] Why Elon Musk is talking about moving Tesla out of California.
[27:20] FannieMae and FreddieMac are acting in a dysfunctional manner to bail out the system.
Wed, 13 May 2020
Jason Hartman discusses the impact that the spike in unemployment will have on mortgage delinquencies and how one feels personally about job security. Real estate listings are at a staggering low, what does this mean?
Hope Jahren is today’s guest, and she is here to discuss her book, The Story of More, and how the Earth feels about the mess that we’ve made. Hope shares her thoughts on consumption trends and the overuse of a lot of products. How can we fix this? Decisions about small things can work exponentially.
[2:30] Expectations of losing a job or leaving voluntarily.
[5:00] Real estate listings have declined by 70%.
[11:15] The spike in unemployment is signaling a potential increase in mortgage delinquencies.
[15:00] Hope Jahren
[16:00] What’s going on in Norway with the Coronavirus pandemic?
[17:45] Using smog levels as an indicator of how active the economy is.
[24:00] We overuse a lot of products, but are we using less of anything?
[29:00] The little changes we can make as individuals that work for the greater good.
[33:00] Our meat consumption is way over what’s needed.
Tue, 12 May 2020
What happens to the value of a currency when you create currency out of thin air? Jason Hartman talks about the percentage of GDP that countries around the world are spending to stimulate their economy. Prepare for a Wow!
Jim Puplava’s interview is continued opening with a discussion on inflation or stagflation, where do we see the immediate future of the U.S.? As well, Jim shares some interesting concepts about cryptocurrency, why it might be used, and why it might be rejected. Finally, Jim answers why negative interest rates cause a problem with cash.
[2:45] One cannot create currency out of thin air without the currency value declining.
[7:45] From the famous Karl Marx, a question, “do the needs of the many outweigh the needs of the few?”
[12:50] “We become what we think about.”
[10:40] What country spent 21.1% of its entire countries productive capacity only on trying to stimulate its economy based on the Covid-19 crisis?
[20:15] Is our future inflationary or stagflationary?
[27:20] Jim, what do you think about cryptocurrency?
[33:35] Why do negative interest rates cause a problem with cash?
[36:48] In the U.S., what’s the result of our debt to GDP ratio getting out of line?
Mon, 11 May 2020
Renters are paying! Wall Street applauds real estate and expects to see a rise in suburban home demand. And who’s responsible for taking down the documentary ‘Plandemic?’ Jason Hartman shares investment strategy and tips through past, present, and pandemic times.
Jim Puplava joins today’s show with much to talk about the supply chain disruption, and what’s to come of it. Jim says that business innovation is a must, and it looks as though companies like Walmart have already started making changes. These efficiencies aren’t only applicable in pandemic times. These strategies will prove to benefit businesses and patrons while we shelter-in-place or not.
How are your rent collections going? Answer here!
Text The Word Income to 480-360-4303, and review our show!
[2:15] Renters are paying! 82.9% made some kind of payment.
[5:45] Wall Street bets that the virus meltdown gives landlords a chance to grow. Suburban home demands on the rise.
[8:40] The documentary ‘PlanDemic’ was taken down from Youtube.
[10:00] Message to New Investors:
[14:45] From Our Listeners, Thanks, Andy!
[19:00] Jim Puplava
[20:00] The supply chain has been disrupted. While it will take some time to correct, some of it will be beneficial.
[22:00] Inflation is a lot more money chasing fewer goods and services.
[29:40] Still singing the “creative destruction” tune. Business innovation is a must.
[32:45] The oil market, and the perfect storm.
Fri, 8 May 2020
1457 FBF: Commodities Investing & Trading Fake Dollars for Real Assets with Quotes from Paul Harvey, Jim Rogers & Ron Paul
Today’s Flashback Friday episode was originally released: March 4, 2008
On this show we'll hear from Paul Harvey, Jim Rogers, Ron Paul, and truth-challenged Ben Bernanke about commodities investing and the virtues of trading fake dollars for real assets.
[1:30] American real estate is one of the best deals going, especially given this perfect storm that has developed over the past two years or so with the subprime mortgage meltdown, the rising commodity prices, and the ridiculous increase in inflation here in the U.S. and also globally.
[5:45] Pessimism about the American Dollar.
[8:30] “Let them debase the American dollar. Overall, it is not great news, but as we play the game properly, we are outsmarting the Federal Reserve and the way the government is spending so ridiculously, irresponsibly because our investments increase in value with these inflationary pressures.”
[18:30] The dollar is at all-time lows now, but this is 2007, so that means in at least 100 years, the dollar’s now making new lows, which is a shame because we were the world’s reserve currency, we were the richest, most powerful country in the world, and it’s not going to be good. It’s driving commodity prices up; it’s driving up interest rates, as you know. Long-term interest rates have not come down despite all this, and what happened is as commodities go higher, inflation goes higher, imported goods go higher, inflation will get worse and ultimately, long-term interest rates will go higher, too.
[24:00] It’s great for everybody to own their own home. I’m all for it, too, but I’m also in favor
[25:30] How in the world can we expect to solve the problems of inflation, that is, the increase in the supply of money, with more inflation?
[28:00] Inflation is everywhere and the devaluation of the dollar is hurting the elderly the most because they tend to be the savers. They did the right thing all their life. They were told save money, save for retirement, yet they have been burned through the policies of the Federal Reserve.
[33:00] Hedonics is where they say that the product you’re buying, that the consumer is buying, produces an equal or greater amount of pleasure if you will than the older products. So the newer product is better because of progress and technology, as it should be. And that newer products should be adjusted for inflation through the hedonics index.
[42:00] don’t wait to buy real estate. Buy real estate and then wait. And you know what? But you’ve gotta buy a special kind of real estate, financed a special way, in the right markets, at the right time, based on our methodology.
Direct download: CW_1457_FBF_Commodities_Investing__Trading_Fake_Dollars_for_Real_Assets_with_Quotes_from_Paul_Harvey_Jim_Rogers__Ron_Paul.mp3
Category:general -- posted at: 5:00pm EDT
Thu, 7 May 2020
There is no possible outcome where come Monday morning, things go back to normal. When restaurants or entertainment venues can only operate at 25 percent capacity, the word to remember is inflationary. Jason Hartman discusses some basic strategy and philosophy to stay afloat, like taking action to eliminate doubt and doing something for others to keep a positive, healthy attitude.
As well, Hartman analyzes and breaks down an interview from Bloomberg Markets and Finance channel, with chairman and founder of Equity Group Investments Inc, Sam Zell. What did Zell have to say about Market Valuations, Real Estate and Post-Virus Economy? After the pandemic has been beaten, what lifestyle and work changes will stay, and what will fade away?
[4:22] Action eliminates doubt.
[10:00] Do something for someone or something else.
[14:00] From Bloomberg, Market, and Finance.
[16:30] The importance of price discovery.
[21:00] Liquidity creates volatility.
[22:30] All the efficiencies since the pandemic will stay, once the dust has cleared.
[32:00] A need for suburban home as things change.
Wed, 6 May 2020
As the economy appears to struggle from Covid-19, the price of homes seem to be moving up. Jason Hartman discusses the unexpected price changes in the U.S. due to the shrinking market availability.
Ellen Brown is today’s guest here to discuss Universal Basic Income, UBI. As well, she shares some interesting details about what happens to the money when a debt is paid. How did China increase its money supply by such a large percentage in two decades?
[4:00] Why are home prices going up as the economy appears to be falling apart?
[7:00] From March 2019 to March 2020, homes available on the U.S. market have gone down by 10%.
Guest: Ellen Brown, author of over a dozen books including, The Public Bank Solution, From Austerity to Prosperity
[12:30] What is a postal account?
[20:45] What is the end game of money spending?
[22:10] Money is lent into existence. Banks create the principal but they don’t create the interest, so debt always grows faster than the money supply.
[25:00] The real economy is always short of money because there’s a hole in the bucket that always drains into the financial economy.
[26:00] What is the financialized economy?
[30:20] Debt grows until it gets so high that people can’t borrow anymore, so they pay down their debts instead of taking out new debts. That shrinks the money supply. That goes into deflation which goes into depression.
[32:30] Money evaporates when it pays off the debt.
[36:30] All of our money is credit. China increased its money supply by 1800% in twenty years, and they did not run into hyperinflation. Find out more.
Tue, 5 May 2020
“Never bet against America,” says Warren Buffet. Jason Hartman agrees with Buffet and reminds you to align yourself with those in a position of power. Be optimistic, and prepared. There are several ways to be a prepared investor from an emergency fund to understanding the depths of your rental insurance.
James Altucher is back with Jason Hartman to discuss his moves in the stock market, and why he favors certain positions. As well, this pandemic will accelerate our development with technology and how we perceive colleges vs certificates.
[3:00] An emergency fund is a good, prudent idea.
[4:30] Check your policies for insurance against lost rent.
[6:00] The insurance business is the only business with a negative cost of capital.
[9:26] Buffet said, “Never bet against America”
[10:00] Buffet video: https://youtu.be/JPlRNQtjOHc
[13:10] We, the proverbial We, all live better now than the richest people of the past.
[21:39] Don’t buy SPY “the spider”, go with RVT instead. Royce Value Trust Inc
[22:20] Anything that was going to happen in ten years, will happen tomorrow
[25:00] Altucher shares his preferences on stocks based on some forced trends bound to happen in the next ten years.
[28:45] Florida has “luxury weather.”
[32:30] 40 alternatives to college, with James Altucher.
Mon, 4 May 2020
When it comes to pandemics or infectious disease, population density is an issue. Jason Hartman discusses some additional property investment parameters to consider when investing. Suburban living, a uniquely American movement, has great potential for growth, both locally and worldwide. While the location might have been the way of the past, housing is the way of the future.
James Altucher joins Jason to share his viewpoints on the economy, stocks, and more specifically the stimulus. As well, listen to the seriousness of this pandemic from a New Yorker’s perspective, and what it’s like managing life in the most challenging U.S. coronavirus area.
[2:00] When it comes to pandemics or infectious diseases, density is an issue.
[4:45] Investment property parameters to consider: linear, cyclical, and hybrid markets. High and low-density population. Conforming and jumbo loans.
[7:45] The concept of suburban “SUB-urban” living is a uniquely American idea.
[9:00] World living comparisons of rural vs urban living.
[11:15] Covid-19 deaths per 100,000 people
[12:40] The 90% economy, maybe a bit optimistic?
[15:42] Housing vs location
Guest: James Altucher
[18:30] The New York and New Jersey Coronavirus perspective vs the rest of the nation.
21:30] “The earlier models were wrong”
[26:10] “As long as you keep seeing insanity happen, those are all canaries in the coal mine.” -Altucher
[17:00] We know that the economy is going to wake up, we just don’t know when and how.
[28:40] Understanding why we should prep for supply shock.
[30:15] The GDP of a year is about 20 trillion dollars, 5 trillion per quarter. There is an expectation that 2 to 3 trillion will be withdrawn from the economy this quarter.
[34:30] Is this stimulus enough, are the right people getting it?
Fri, 1 May 2020
1452 FBF: 10 Reasons To Carry A Big Long Mortgage w/ Acclaimed Financial Adviser & Best-Selling Author Ric Edelman
Today’s Flashback Friday episode was originally released: Jul 30, 2016
Jason Hartman talks with acclaimed financial advisor Ric Edelman. Barron’s has six times (2004–2009) ranked Ric Edelman among America’s 100 top financial advisors. In 2009, Ric was ranked the #1 independent financial advisor in the nation by Barron’s.
In 2004, Ric was inducted into the Financial Advisor Hall of Fame, ranked by Research Magazine for his focus on the individual client and ranked #42 on Registered Rep magazine’s list of “America’s Top 50 Advisors.” Inc. magazine three times named the firm the fastest-growing privately-held financial planning firm in the country. Ric received an honorary doctorate from Rowan University in 1999, and in 2007 was inducted into the Rowan University Public Relations Student Society of America Hall of Fame.
As a #1 New York Times best-selling author his five books on personal finance include Ordinary People, Extraordinary Wealth; The New Rules of Money; Discover the Wealth Within You; What You Need to Do Now; and the personal finance classic, The Truth About Money. His sixth book, The Lies About Money, was published in the fall of 2007 by Simon & Schuster and his latest book, Rescue Your Money, was published in the spring of 2008. Ric’s books have been translated into several languages.
As a national radio show host on ABC Radio Networks, he can be heard on radio stations throughout the country. The live call-in advice program has been on the air for more than 15 years and earned Ric the A.I.R. Award for Best Talk Show Host in Washington D.C. (1993). He also publishes a monthly newsletter, has built one of the most comprehensive and free online educational resources about personal finance at RicEdelman.com, and is the author of video and audio educational systems that help people achieve their financial goals.
Philanthropic Activities include Rowan University. They also funded the Edelman Nursing Career Development Center at Inova Health System Foundation. Ric served six years on the Board of the United Way of the National Capital Area and in 2007 completed his two-year term as Chairman of the Board. He also serves on the boards of The Boys & Girls Clubs of Greater Washington, D.C., and its foundation. Ric also is a full partner of the American Savings Education Council and the Jump$tart Coalition for Personal Financial Literacy. He is a former board member of Junior Achievement of the National Capital Area and served for three years on the Grants Committee of the Foundation for Financial Planning, where he remains a major donor. They also actively support HEROES Inc., Make-a-Wish Foundation, The Leukemia & Lymphoma Society, and many other charities.
As Chairman and CEO of Edelman Financial Services LLC. He is also President and Director of Sanders Morris Harris Group. Ric is an Investment Advisor Representative and offers advisory services through EFS an SEC-registered investment advisor. He is also a Registered Representative of and offers securities through Sanders Morris Harris Inc., an affiliated broker/dealer, member FINRA/SIPC.
Barron’s ranking “Top 100 Independent Financial Advisors” (Aug. 31, 2009) based on assets under management, revenues the advisors generate for their firms, and the quality of their practices.