This Flashback Friday is from episode 337, published last September 6, 2013.

Doug Brunt is the former CEO of Authentium and author of, "GHOSTS OF MANHATTAN." In his new book, he transports readers back to the extravagant times before Bear Stearns collapsed, exposing a culture with boundless bonuses, where the company expense account was routinely used for bar tabs, visits to strip clubs, and worse. He even throws in some comical stories and describes some of them. Brunt offers a withering view of life on Wall Street from the perspective of an unhappy insider, run-down by the corrosive lifestyle which is jeopardizing his marriage, who is too hooked on the money to find a way out.

Brunt is married to FOX News anchor Megyn Kelly, who has helped him with his books. Brunt describes their relationship and why he gave up a lucrative career as an Internet security entrepreneur.

Find out more about Doug Brunt at www.douglasbrunt.com.

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Jason talks about the increase in customs revenue under Trump's policies, highlighting a significant rise from $4 billion in 2015 to $22.3 billion, though he noted it would not solve government debt issues. He predicted a likely decrease in interest rates due to the disappearance of the inflation threat, which could lead to a surge in home buyers, potentially wiping out current inventory if rates drop by half a percent. Jason emphasized the importance of focusing on fundamentals and staying in the market long-term for success, even during a "boring" time in real estate with moderate appreciation and flat rents. He also mentioned opportunities in note investing for high returns and encouraged listeners to explore this option.

Then Jason and Paul Moore of WellingsCapital.com discuss the concept of "boring investors" who focus on long-term, passive investing strategies that prioritize consistent returns and personal fulfillment over speculative trading and quick profits. They explore how successful investors like Warren Buffett demonstrate the benefits of careful, methodical investing through steady growth and avoidance of emotional decision-making, while emphasizing the importance of diversification within proven asset classes like real estate. They conclude with reflections on legacy investing and social impact, highlighting the value of disciplined, boring investment approaches that prioritize long-term happiness and meaningful contributions to society.

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#BoringInvestor #Investing #WealthBuilding #FinancialFreedom #RealEstate #Diversification #PassiveIncome #WarrenBuffett #Consistency #LongTermInvesting #AvoidFOMO (FearOfMissingOut) #EmbraceJOMO (JoyOfMissingOut) #CharlieMunger #WellingsCapital

Key Takeaways:

Jason's editorial

1:36 Aaron Russo on democracy

3:48 America's monthly customs revenues

5:18 Buying power and sensitivity

7:32 Words to live by

9:31 Note investing

Paul Moore's interview

10:25 The Boring Investor

17:30 Charlie Munger & Warren Buffet- learning from our mistakes

20:25 Invest in diverse, boring assets

22:15 Sponsor: https://www.monetary-metals.com/Hartman

24:13 Shiny objects, simpletons FOMO

28:20 Imitate patterns, Not outliers

32:38 Crystal balls, patience and saying NO

36:17 Relationships and the unseen realm

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Jason provides insights into the current real estate market conditions and investment opportunities, particularly noting trends in rental rates and the potential for note investments. Jason examines the impact of economic uncertainty on rental trends and predicts future pressures on rental prices due to increased demand and institutional investor interest.

Mark Moss joins Jason as they talk about Ai and the disruptions it will bring into the economy, as well as how bitcoin is the future of money.

Key Takeaways:

1:25 The Climate Change Scam

Jason's editorial

2:26 Greetings from Medellin, Colombia!

3:48 Investing Notes

6:03 Article: Renters locked out of housing market push apartment renewal rates to new highs

8:10 Article: Wall street bets big on rental homes as mortgage costs soars

Mark Moss interview

11:19 The future of Ai and strategic thinking

18:15 Ai and the jobs it creates and destroys

26:26 Imagining a need and meeting it

31:06 5 year outlook

35:28 Bitcoin

44:05 Government standing in the way

46:26 Embrace the Future

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Jason introduces Home Equity Investments (HEI), a growing industry where companies buy a portion of homeowners' equity, awaiting a future liquidity event like a sale or refinance, without requiring monthly payments. Hartman views this as a significant indicator of institutional investors' bullish outlook on residential real estate, similar to "build-to-rent" trends. He emphasizes that despite market fluctuations, real estate remains a long-term value investment. Hartman is launching his own HEI company and seeks experienced mortgage or HEI professionals to collaborate. Also, join our FREE monthly real estate masterclasses for investors EVERY SECOND WEDNESDAY of the month at JasonHartman.com/Wednesday .

Jason welcomes Michael Gifford of Spilitero.com. They discuss the home equity investment industry, its growth, and the mechanics of Splitero's home equity investment product. They also discuss the geographical presence of their company, the regulatory environment, and the size and growth of the home equity investment industry. Additionally, they touched upon the maximum investment for a property, the exit strategy, and the speed of the investment process.

#RealEstateInvesting #HomeEquity #HEI #JasonHartman #PropertyInvestment #WealthBuilding #FinancialFreedom #RealEstateMarket #InvestmentStrategy #EmpoweredInvestor

https://www.splitero.com/

Key Takeaways:

Jason's editorial

1:36 The 2nd amendment

3:38 Home Equity Investments (HEI)

Michael Gilford interview

8:31 Meet Michael and Splitero

11:47 A more complex equation

20:15 The amount of investment and geography and regulations

24:45 Unique position & options

27:58 Bullish on the Housing Market

32:23 Brokerage and the size of the Splitero and the industry

35:49 Investors investing in Splitero

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Today Jason covers a few key real estate investing strategies. He emphasizes the importance of leveraging properties with high loan balances for inflation-induced debt destruction and better insurance claim handling. He advises against paying off mortgages, highlighting tax benefits and the "refi till you die" plan. He introduces the concept of a "perpetual motion machine" in real estate, using cash flow from existing properties to acquire more, similar to a leveraged buyout and the "flywheel" effect. He stresses persistence despite challenges, sharing his early struggles and the long-term benefits of income property investing.

Then Jason and Les Rubin discuss the critical issues of entitlements, government size, and the tax code in relation to US economic stability. They explore the potential of converting Social Security to private accounts and the challenges of reforming the current entitlement programs, acknowledging the need for public education and a shift in attitude. Lastly, they sounded the alarm about the dangerous economic path the country is on, warning of the potential collapse of the economy and the future consequences for future generations.

Visit Les Rubin's site at https://www.mainstreeteconomics.org/

#PonziScheme #EconomicCollapse #Entitlements #SocialSecurity #Medicare #GovernmentSpending #TaxReform #NationalDebt #FiscalPolicy #MainStreetEconomics

Key Takeaways:

Jason's editorial

1:34 Why you should not pay off your mortgage

5:33 The perpetual motion machine

12:21 Join Jason's Empowered Investor PRO group https://empoweredinvestor.com/. Also Join our Masterclass every second Wednesday of each month http://jasonhartman.com/wednesday

Jason interviews Les Rubin

12:33 3 main areas on which we need to focus

15:49 Unfunded Entitlements

19:31 Promises, promises, promises

23:38 Solutions https://www.mainstreeteconomics.org/

25:06 Where does this lead?

27:21 Inflation

28:24 Prediction on the US economy

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Jason talks about the current state of the housing market, emphasizing that there is no housing crash due to the low number of financially distressed homeowners. He shared updated statistics from the US Census Bureau, indicating that 39.8% of homeowners have no mortgage, and 65% have mortgages at or below 4%. Jason also highlighted the oversupply in the high-end market and encouraged potential buyers to reach out to his investment counselors for opportunities.

Jason then finishes his talk with Vince of RE social as they discuss the advantages of single-family homes, highlighting their accessibility and historical stability. While scaling can seem challenging with multiple mortgages, blanket loans exist. Institutional investors demonstrate the scalability of single-family rentals. Diversification across 3-5 markets is recommended for single-family homes, offering a balance between wealth creation through concentration and preservation via diversification. Viewing tenants as "subscribers" in a sticky business model and leveraging financing and tax benefits further solidify single-family income property as a top asset class.

#RealEstateInvesting #SingleFamilyHomes #IncomeProperty #RentalProperty #RealEstateTips #InvestmentStrategy #WealthBuilding #PassiveIncome #REI #RealEstateMarket #Diversification #SubscriptionBusiness #TaxBenefits #1031Exchange #HousingMarket #RealEstateExpert #InvestmentProperties #FinancialFreedom #RealEstateForBeginners #MultifamilyInvesting

Key Takeaways:

Jason's editorial

2:32 Why there is housing crash YET

9:17 Join our FREE MASTERCLASS EVERY 2nd Wednesday of the month JasonHartman.com/Wednesday

Jason's interview with Vince Rodriguez of RE Social part 2

10:11 Diversity

12:22 The best subscription model in the world

13:32 Share of income, income property and taxes

17:55 Buy or rent?

20:22 Market dynamics and unemployment insurance

28:53 "Everyone has a right to a home"- and you're renting it out! Proformas using PropertyTracker.com

35:19 Complaining all the way to the bank

38:33 Don't wait to buy real estate; buy real estate and then wait!

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Jason discusses real estate investing, highlighting current market conditions where a slight home sales increase is overshadowed by affordability issues due to higher mortgage rates. He argues that the "in irons" market, characterized by modest price appreciation, benefits rental property owners through steady cash flow and increasing rents due to limited buyer activity. He emphasizes real estate as a multidimensional asset and cautions against non-direct investing, citing risks of fraud, incompetence, and excessive management fees, using a Starbucks CEO's compensation as an example. He promotes direct investment for greater control and wealth building.

For today's episode, Jason sits down for an interview with Vince Rodriguez of RE Social podcast. Jason discusses real estate investment strategies, cautioning against relying solely on appreciation in cyclical markets like California due to unpredictable downturns and low cash flow. He advocates for investing in linear markets offering sustainable, long-term growth and consistent cash flow. Jason's company, Empowered Investor, teaches conservative buy-and-hold strategies for turnkey rental properties in vetted markets, emphasizing remote self-management for increased profitability and control. He highlights the benefits of single-family homes as a proven and simple investment.

Register for our Wednesday Masterclass every second Wednesday of every month: JasonHartman.com/Wednesday

#RealEstateInvesting #InvestmentProperty #RentalProperty #PassiveIncome #WealthBuilding #FinancialFreedom #MortgageRates #HousingMarket #DirectInvesting #JasonHartman #EmpoweredInvestor #RealEstateMarket #CashFlow #Rentals #InvestorTips

Key Takeaways:

Jason's editorial

1:47 Thank you for all the condolences and best wishes for Coco

2:29 Article: New US homes sales increase but...

5:47 Chart: Typical home purchase payments

8:54 Chart: Available inventory of homes for sale 2015 - 2025

9:38 Jason's commandment #3: Be a direct investor

12:31 Article: Brian Niccol made 6.6K times what a barista is paid

16:30 Chart: CEO pay is 997% since 1978

Jason's interview with Vince Rodriguez of RE Social

18:50 Knowing Jason

22:41 The California market and the 3 types of markets

30:56 Self-management and making money the "boring" way

38:36 Predicting the mass migration

41:34 How it all started and handling larger deals

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This Flashback Friday was published last June 17, 2020 on YouTube.

Pastor Paula White shares what it is like to advise Donald Trump on faith and explains the President's surprising deep faith that she discovered while working with him for 19 years. Paula gives viewers some advice on how to think about what’s occurring in our world, and to reckon with these new changes. She says that God doesn’t send these difficult times, but that God does allow us to use these times to become stronger and better. Jason points out that while some people are in a decent place, many others are having a difficult time putting food on the table. Paula responds by saying that she survived abuse and grief, and her books discuss how much that God, therapy, and emotional growth led her out of her darkest moments. She explains that she understands the fear and uncertainty, and discusses ways to help get through it. Paula goes more in-depth on her journey through mental health struggles, how she discovered God, and how she copes with fear and pain now as a believer. Paula discusses her job as a spiritual advisor for President Trump, and how she encourages inclusive spirituality. She further discusses fear and how to deal with the fear of COVID-19.

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