American Monetary Association

David Porter is a long time client of Jason Hartman's real estate company. He has been working closely with Jason's team since 2009 and has made several investments in both Indianapolis and Arizona. He catches up with Jason about how he is doing with some of his properties, talks about why the Indianapolis market is so great, China's economy, the future of shipping, and more on this week's episode of AMA. 

 

Key Takeaways:

3:10 – David first bought his Indianapolis property in 2009.  

8:40 – David talks a little bit about his background. 

17:10 – You're more in control with real estate investing than you are with stocks. 

22:15 – Take advantage of your ability to borrow and invest it in a conservative way. 

24:25 – David has since an increase in retail shipments this year. 

28:45 – Will China be stronger than the US's economy? 

33:15 – Jason and David think the United States can stretch out their debt problem for a while.  

41:50 – 3D printing, glowing trees, and more. Jason talks technology. 

49:30 – David wants to buy homes he can see himself or his children living in one day. 

53:50 – David has experienced a 700k appreciation since he started in 2004.

 

Mentioned In This Episode:

Abundance by Peter Diamandis

Makers by Chris Anderson

Khan Academy

David Porter's first interview - http://www.jasonhartman.com/89-%E2%80%93-the-%E2%80%9Cfree-lunch%E2%80%9D-metric-what-it-tells-about-income-property-%E2%80%93-an-impromptu-discussion/

Direct download: AMA_105.mp3
Category:Audio Podcast -- posted at: 11:00am EDT

Todd Moss is the chief operating officer and senior fellow at the Center for Global Development. His work focuses on U.S and Africa relations and financial issues that sub-Saharan Africa is facing. He is also an author and has written several books with his most recent one, The Golden Hour, being a national bestseller. He talks to Jason about Africa, the economy, and why it matters. 

 

Key Takeaways:

2:50 – 7 out of 10 of the fastest growing economies in the world are in Africa. 

6:10 – We are seeing Africans transition from being very, very poor to becoming middle class. 

9:25 – There's a lot more foreign investment in Africa and the countries that were very badly managed in the 70-80s are now being managed much better. 

11:30 – Will outsourcing and manufacturing move to Africa? Todd explains in this segment. 

13:50 – A lot of Africans speak English as their native language and the second largest language is French. 

16:25 – Is there a strong Al Qaeda presence in Africa? 

22:15 – Todd talks about his latest book, The Golden Hour. 

24:30 – Africa is changing very rapidly and Todd hopes more people will look at Africa as a place to vacation to in the future. 

 

Mentioned In Episode:

Abundance by Steven Kotler and Peter Diamandis 

http://toddmossbooks.com/

Direct download: AMA_104_Todd_Moss.mp3
Category:Audio Podcast -- posted at: 2:36pm EDT

In today’s American Monetary Association Show, Jason Hartman invites Jerry Robinson, author of Bankruptcy in Our Nation, to the show to share his views about what bankruptcy would look like. They discuss a variety of topics and consider frankly just how bleak America’s future could look. Robinson also gives his opinion on the impact of America’s international relations, as well as posing the interesting notion that we can see the path of America’s future by looking at the past of the rest of the world.

 

Key Takeaways

02.44 – Jerry Robinson’s Bankruptcy of Our Nation deals with facets of the economic crisis such as what happened, why it happened and what we thought would happen.

05.03 – In a number of ways, the 2014 picture we draw now looks very similar to the state of the world in 1914.

13.54 – No-one does anything for nothing. A closer look at the incentives can provide a lot of insight.

19.58 – The psychological impact of the economy is already taking an effect. People now expect prices and values to go up, and are surprised if they don’t.

26.14 – Maybe we need to reassess our definition of evil to better match today’s global situation.

30.09 – If the relationship between the US and Saudi Arabia changes, it could change the entire balance of power in the Middle East.

32.09 – Exports are always going to be vital, and we need to consider the impact if the US becomes energy-independent.

39.53 – International threats, and especially those involving cyber-attacks, must be taken seriously. Even if you’re living in a city, know the precautions you can take.

44.03 – Find out about Jerry Robinson’s Five Levels of Financial Freedom at www.FTMDaily.com/fivelevels. 

01.00.02 – With mortgage debt, as an investor you don’t even need to pay this off yourself – your tenants pay it off for you.

 

Mentioned in this episode

Bankruptcy of our Nation by Jerry Robinson

Direct download: AMA_103_Jerry_Robinson_Bankruptcy_Of_Our_Nation.mp3
Category:Audio Podcast -- posted at: 3:04pm EDT

Jason Hartman invites Tim Carney, author of The Big Rip-Off and Obamanomics and writer for the Washington Examiner to come on the show and give his thoughts about the huge and potentially irreversible impact that big business and big Government are having on America. They also discuss topics such as human rights to information and what you say when Goldman Sachs offers you a position.

 

Key Takeaways

05.55 – Tim Carney provides some examples where regulation seems to have an alternate outcome to what was hoped.

10.50 – A look at the options of how we can possibly dislodge the power of big business and government. 

11.57 – Politics and the economy are starting to work together because fewer people are now gaining from a specific policy.

14.28 – Government agencies don’t even have to worry about subtlety; if they want you they’ll do what they can to get you.

16.16 – Why is it that they can spy on us and we get no information about Government actions, even when they affect us?

17.53 - Big business benefits from and lobbies for big Government to the detriment of the consumer, the competitor and the tax payer. 

20.23 – Technology could be our undoing or it could be our liberation. We’ll have to wait and see.

22.36 – To read Tim’s articles, head to www.WashingtonExaminer.com and his Fellowship is with the American Enterprise Institute: www.AEI.org 

 

Mentioned in this episode

The Big Rip-Off by Tim Carney

Obamanomics by Tim Carney

www.AEI.org

www.WashingtonExaminer.com

Direct download: AMA_102_Tim_Carney.mp3
Category:Audio Podcast -- posted at: 7:32am EDT

Inspired by an article from Business Insider, Jason Hartman invites Dan Egan of Betterment onto the show to expand upon the idea of market timing. While much of the focus is on Wall Street and how market timing works in the stock market, a lot of these ideas can be applied to real estate investing. They also discuss topics such as long- and short-term capital gain, high-frequency trading and how happy we are with our own achievements in absolute terms. 

 

Key Takeaways

02.33 – Stock trading investments are all about assessing long and short-term achievements. Remember that the government views capital gain in terms of short or long-term. 

04.03 – Dan Egan describes the ‘bid ask spread’, an economic term for the costs you never see a bill for.

07.20 – High-frequency trading might not be everything it’s cracked up to be. You have to compare the situations of the big traders with average Joe’s actions.

13.30 – Personal satisfaction is hugely important, but it’s always competing with our comparisons to the people around us.

15.20 – For more information about Dan Egan and his company, head to www.Betterment.com

15.28 – Jason Hartman discusses some of the various viewpoints on the inflation/deflation argument.

 

Mentioned in this episode

www.Betterment.com

Flash Boys by Michael Lewis

Direct download: AMA_101_Dan_Egan_Market_Timing.mp3
Category:Audio Podcast -- posted at: 2:48pm EDT

Christine Hassler is a Gen Y and millennial expert. She believe millennials have the highest expectations and are often hit hardest when they face reality and realize it's not as easy as it looks. She talks to Jason about how to manage your expectations better, why she loves millennials, and a little bit about her latest book entitled Expectation Hangover. 

 

Key Takeaways: 

3:15 – Christine talks a little bit about her book, Expectation Hangover, and who it is meant for. 

6:10 – Christine says millennials are hard working employees. They learn quickly and think outside the box. 

10:15 – You need to have a break up in order to grow. A break up leads to a break down, which actually then leads to a break through. 

13:00 – Take a brief pause in your life to accept the on-rush of feelings you might have, once you've done that, then you can work on releasing them. 

16:00 – Christine believes millennials will find a better solution for our current broken school system. 

19:10 – Don't base your happiness and self-worth on the result of your goal. If you fail, it will take you longer to bring yourself back up. Have goals, but distance yourself emotionally from them. 

20:50 – Christine wants you to optimistic, but she also doesn't want you to let yourself down for putting too much emotion in that optimism. 

 

Mentioned In This Episode:

http://jasonhartmanfoundation.org/

http://youngwealth.com/

http://christinehassler.com/book-landing-page/

http://christinehassler.com/

Direct download: AMA_100_Christine_Hassler_Expectation_Hangover.mp3
Category:Audio Podcast -- posted at: 4:43pm EDT

Lawrence Cunningham has written dozens of books including the Berkshire Beyond Buffett: The Enduring Value of Values, which Amazon called “a hot new title”. He has also written books such as the AIG story as well as The Essays of Warren Buffett: Lessons for Corporate America. Lawrence loves to teach, read, write, and spend time with his family. He comes on to the show today to talk with Jason about his latest book, Berkshire Beyond Buffett, and share some insights into why Warren Buffett is an incredibly successful man. 

 

Key Takeaways:

3:11 – Lawrence says if you sell a product that's useful to your customer, you'll develop a returning customer. It's just a better business model than selling products no one wants. 

7:30 – It turns out Warren Buffett got his values from Tom Murphy. 

11:40 – When Lawrence interviewed CEOs for his book, there was a common theme among them – they trusted their staff and didn't try to control everything. 

14:45 – What are some of the myths about Buffett? Lawrence explains in this segment. 

17:00 – Will Warren Buffett ever retire? 

20:00 – Buffett's greatest achievement is that he has built a company that will outlast him when he leaves the company. 

22:45 – Jason asked if Buffett's investments in wind and solar are a good idea and Lawrence think it is. 

24:30 – Lawrence is excited for his upcoming Berkshire Beyond Buffett book tour.

 

Mentioned In This Episode:

http://berkshirebeyondbuffett.com/


Jeff Macke is the host of Breakout on Yahoo Finance and was an original cast member of CNBC's Fast Money. He is also the author of Clash of the Financial Pundits: How the Media Influences Your Investment Decisions for Better or Worse, which he talks a little bit about on today's show. In this episode, you'll find Jeff and Jason addressing some Doomsday theories as well as talk about inflation and deflation in currency. 

 

Key Takeaways:

4:50 – Jason is staying at hotels for half of the price because he's been using services like Hotwire.com. 

8:30 – People are having a hard time finding jobs. Investment bankers are becoming Uber drivers just to make some money.  

11:45 – Jeff believes there are plenty of jobs available, just not jobs people want. Jeff says if you get a job you don't want now, it'll help provide you some money and help you work towards something you are passionate about. 

13:00 – Jason is exciting about robotic technology and the self-driving car.

17:30 – Jeff is still nervous about the stock market. The stock market is doing better now, but it's still pretty unstable. 

19:52 – Jeff is not sure if we're going to see a huge inflation in our money, but at the same time he doesn't see how the deflation outcome would work too. 

22:00 – Jason believes it's important to prepare your money for both inflation/deflation scenarios. He explains how to do that in this segment.  

24:30 - Never forget that economics is a social science 

 

Mentioned in this episode

Clash of the Financial Pundits by Jeff Macke

www.Hotwire.com

www.Priceline.com

www.Lyft.com

www.Uber.com

 

Direct download: AMA_98_Jeff_Macke_Yahoo_Finance.mp3
Category:Audio Podcast -- posted at: 3:51pm EDT

Patrick Cox produces unbiased and independent research in the field of transformational technology. He has worked closely with Nobel Prize-winning scientists and economists along with having over 200 of his editorials appear on the Wall Street Journal, USA Today, and more. Patrick shares some insider science to Jason and his audience today and also talks about some very interesting medical advancements the media fails to report on. 

 

Key Takeaways:

4:35 – Conviction and convenience do not live together, so you have to separate yourself from convenience. 

7:10 – If you have plans to do great things, you are bound to find some resistance from your friends and family. 

10:00 – You can't get more in life until you are grateful for what you have today. 

14:00 – Birmingham property tour is coming up and Meet the Masters event is coming up in January. 

18:00 – There's a lot of exciting things going on in science, but you wouldn't know that because the media is very poor at reporting science. 

20:10 – Social security is under estimating our life spans. In reality, people will be living a lot longer. 

24:30 – The government is obsessed with not putting out a drug that may have side effects, which Patrick believes is absurd when so many lives are at stake. A possible cure with side effects is better than no cure when people are dying.  

27:00 – The FDA has not adapted to the new model of how personalized medicine works. 

30:10 – Scientists did tests on a chemical compound called anatabine and found it be the most effective anti-inflammatory agent ever discovered.  

34:00 – There are a number of ways you can rejuvenate the heart muscles when they've been damaged. We thought for a long time that these could not be repaired at all. 

39:00 – The Japanese are leading in rejuvenation medicine because they understand their citizens are getting older and fewer Japanese are being born.  

42:15 – We have the tech crowd pushing against the roadblocks that cutting-edge medicine is facing. 

 

 

 

Mentioned In This Episode:

http://www.jasonhartman.com/

http://www.patrickcoxdna.com/

 

https://www.mauldineconomics.com/

Direct download: AMA_97_Patric_Cox.mp3
Category:general -- posted at: 10:53pm EDT

Senate Libertarian candidate, Sean Haugh, features as Jason’s guest on today’s American Monetary Association Show. Together, they discuss the viability of war, the need for America to prove itself as a haven of free trade and prosperity and some of the most important points forming the basis of Haugh’s upcoming campaign. 

 

Takeaways

 

02.06 – Surely we can’t go to war with anybody unless we have a direct congressional authorization?

07.55 – If we can reinstate America as a country of free trade and prosperity, we can give other countries reasons to work with us, not against us.

16.45 – With everything going on in the world, one of the most important things for us to do is work on empowering women. 

23.20 – Being a Senator in the United States isn’t about having all of the answers – it’s about clearing the restrictions for the experts that do have the answers.

 

26.28 – Find out more about Sean Haugh by heading to www.SeanHaugh.com, Twitter: @EmperorSean or Facebook searching Haugh for Senate. You can also find his YouTube channel by just searching his name.

Direct download: AMA_96_Sean_Haugh_Senate_Libertarian.mp3
Category:Audio Podcast -- posted at: 2:56pm EDT