145: Thou Shalt Maintain Control
Today's episode is Jason Hartman exploring Commandment #3: Thou Shalt Maintain Control a lot deeper. Maintaining control in real estate deals has been discussed quite a bit before, but it's not just real estate where control matters. Jason explores the collapse of Enron and why it was such a surprise and why Commandment #3 is crucial even in those scenarios.
[3:10] Airbnb hasn't been through a recession yet, so there's a lot that isn't priced in to the market
[7:12] The 3 major problems when you give up control in an investment
[13:01] The Infographics Show: The Business Deception That Cost $60 Billion
[16:06] The phrase "financial innovation" is a red flag when you hear it
[22:13] Most companies don't have people inside to pump the brakes, because everyone is incentivized to speak highly and show it in the best possible light
[24:33] Derivatives are the thing about the thing, but as an investor you want to be as close to the "thing" as possible
Jason Hartman Quick Start Podcast
The Infographics Show: The Business Deception That Cost $60 Billion
144: Investing in Mobile Home Parks with Ryan Narus
Jason Hartman talks with 32 year old Ryan Narus about his journey buying mobile home parks the last few years. Jason and Ryan discuss how to source deals, how to build communities, and finding investors to help you buy properties if you don't have the funds.
[1:15] What led to Ryan starting to invest in real estate
[4:33] How mobile home parks line up with Ryan's life views and desires
[8:26] Evicting tenants who live in your mobile home vs their own mobile home
[13:00] How to find and analyze mobile park deals
[16:22] How Ryan values mobile home parks
[19:44] Keep track of everyone you ever meet in this business, it's all about relations
143: Entrepreneurial Spirit of the United States with Thomas W Jones, Federal Reserve Bank, Freddie Mac, TIAA-CREF
Jason Hartman talks with Thomas Jones, former vice chairman and director of TIAA-CREF, former Chairman and Chief Executive Officer of Global Investment Management at Citigroup, and former Chairman and Chief Executive Officer of Citigroup Asset Management. He was also the former Vice Chairman of Federal Reserve Bank of New York. Jason and Thomas discuss Thomas' entrance into real estate, why Thomas is so bullish on America long term, and what sets America apart from the rest of the world.
[2:31] Thomas and his bride actually started by bidding on 2 burned out buildings in Boston
[7:49] Thomas is perennially bullish long term, so dips in the economy are buying opportunities for him
[10:02] The changes on Wall Street over the years
[14:11] The most disappointing aspect to the reforms that have been made since the Great Recession
[19:19] One of the things that really sets America apart is the excited entrepreneurial spirit
[23:35] America faced a metaphorical crossroads in the late 1960s
[26:25] Our nation doesn't give itself enough credit for how far we've come, even though we still have a ways to go
From Willard Straight to Wall Street on Facebook
From Willard Straight to Wall Street
142: Millennials Guide to Financial Freedom with Daniel Ameduri
Jason Hartman talks with Daniel Ameduri, co-founder of Future Money Trends newsletter and author of Don't Save For Retirement: A Millennial's Guide to Financial Freedom, about how the working environment has changed from the Baby Boomers to Millennials and how the Millennial generation need to change their mindset about retirement in order to not be left behind when they're ready to leave the rat race.
[4:24] What does Daniel mean when he tells people not to save for retirement???
[8:38] Beware financial advisers, there's more education required to be a hair stylist
[13:21] Millennials should embrace the freelance economy
[17:40] Daniel is seeing boom time for the next year
141: Airbnb Your Backyard with Spencer Burleigh
Jason Hartman talks with Spencer Burleigh, co-founder of www.RentTheBackyard.com. Spencer's company will build a unit on your land, list it online, and split the rental profits with you 50/50 as long as you have an area at least 25' by 20' clear and you live in your home most of the year. Listen in as Jason and Spencer discuss the business model and how you can take advantage of it.
[1:37] What problem is Rent the Backyard addressing?
[6:31] Rent the Backyard is able to create a second dwelling on the property without getting the land rezoned
[11:07] The stigma behind manufactured housing needs to go away, but it also needs to get cheaper
[14:39] The income side of Rent the Backyard's business model
140: Solving Societal Issues with Walter E Williams
In today's off-topic 10th episode, Jason Hartman talks with Walter E Williams, Professor of Economics at George Mason University and author of American Contempt for Liberty, about what is going on in our society today. America has become a country of people who hate liberty and want to take from others to give to themselves or others who they deem need it more. There seems to be an unwillingness to accept that people earn more than others and thinking that the government needs to step in and play a role. Walter explains to Jason how we can solve our problems by telling the government to get out of the way more than telling them to help.
[1:28] Do United States citizens really have contempt for liberty?
[7:23] Has the Trump administration turned the tide at all?
[10:45] Is a wealth tax fair?
[15:33] Politicians are doing exactly what we elect them to do
[20:47] The only way we're going to solve our nation's problems
Customer ReviewsSee All
Good financial education for the young adult audience. It's good to learn about personal finance at an early age. Jason discusses techniques that lead to a more manageable and successful life. Love this podcast and kudos to Jason!
Numero Uno Podcast!
Jason Hartman is truly exceptional! It's another great weekend for me of learning through this podcast. Interesting points on Gen Y and Gen Z's different approach to investing. I will be binge-listening to your podcast for the next few weekends. Thanks a lot!
Just had a chance to check out your most recent episode appreciate the great insight!
Great delivery from the host & can’t wait to dig into future content.