1632 FBF: Investing In Your 20’s & Home Buying vs Renting for Millennials Creating Wealth Real Estate Investing with Jason Hartman

Originally Released: Dec 27, 20122
Jason talks with one of his twenty-something clients who’s getting off to a good start as a real estate investor.  Starting at the ripe old age of 26, Drew acquired three good rental properties that produce income of around $3,000 per month.  In this multi-faceted case study interview Jason and Drew talk about the presidential debates, with a special focus on Ron Paul, buying a home vs. renting a home while purchasing income property.
The rent versus buy analysis takes on new meaning in today’s economy as we consider the “opportunity cost” of a huge downpayment and large monthly payment in overpriced areas of California or any market with undesirable LTI Ratios or “Land-to-Improvement Ratio” (an acronym and concept created by Jason as part of The Hartman Risk Evaluator).  As Rich Dad, Robert Kiyosaki, says; “Your house is not an asset, it’s a liability. Assets produce income, your house costs money.”  You’ll also hear some thoughts on home-based businesses.
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Jim Rogers who ran the Quantum Fund with George Soros and creator of the Rogers International Commodities Index (RICI).  Jim has some great books too:
1995: Investment Biker: Around the World
2003: Adventure Capitalist: The Ultimate Road Trip
2004: Hot Commodities: How Anyone Can Invest Profitably in the World’s Best Market
2007: A Bull in China: Investing Profitably in the World’s Greatest Market
2009: A Gift to My Children: A Father’s Lessons For Life And Investing
Brian Tracy is a member of the board of trustees for the Heritage Foundation, a conservative Washington, D.C.-based public policy research institute.[3]
His body of work is loosely based on a number of other success “gurus” such as Earl Nightingale, Jim Rohn and Denis Waitley. He has recently launched Brian Tracy University, an online course of study which is designed to assist entrepreneurs, business owners and sales professionals.
The Brian Tracy College of Business and Entrepreneurship at Andrew Jackson University (a distance learning school based in Hoover, Alabama), is named after him and based on his teachings. At the New York headquarters of ALM Media, a legal publisher, a motivational quote of Tracy’s appears on the office wall: “excellence is not a destination; it is a continuous journey that never ends.” His books include:
Maximum Achievement: Strategies and Skills That Will Unlock Your Hidden Powers to Succeed
Advanced Selling Strategies: The Proven System of Sales Ideas, Methods, and Techniques Used by Top Salespeople Everywhere
The Psychology of Selling: The Art of Closing Sales
Jones and the Salesman
The 100 Absolutely Unbreakable Laws of Business Success
The 21 Success Secrets of Self-Made Millionaires: How to Achieve Financial Independence Faster and Easier Than You Ever Thought Possible
Eat that Frog: 21 Ways to stop Procrastination and get More Done in Less Time
Get Paid More and Promoted Faster
Focal Point (2001) American Management Association
Victory!: Applying the Proven Principles of Military Strategy to Achieve Success in Your Business and Personal Life
Be a Sales Superstar: 21 Great Ways to Sell More, Faster, Easier in Tough Markets
Create Your Own Future: How to Master the 12 Critical Factors of Unlimited Success
Goals!: How To Get Everything You Want—Faster Than You Ever Thought Possible
Turbostrategy: 21 Powerful Ways to Transform your Business and Boost Your Profits Quickly
Change Your Thinking, Change Your Life
Getting Rich Your Own Way: Achieve All Your Financial Goals Faster Than You Ever Thought Possible
Time Power: A Proven System for Getting More Done in Less Time Than You Ever Thought Possible (2004) American Management Association
Something for Nothing : The All-Consuming Desire that Turns the American Dream into a Social Nightmare (2005)
The Power of Charm: How to Win Anyone ov