American Monetary Association

Richard Proteau is the author of Unraveling The Universal Life Scam (The Shorter Truth) and talks to Jason today on the show about universal life insurance and why it's almost always a bad investment (unless you're extremely wealthy). Richard talks about some of the differences between US life insurance and Canadian life insurance, does a break down on premiums, and more on today's AMA episode. 

 

Key Takeaways:

2:30 – Richard explains the various types of life insurance you can have.

6:10 – There's always a state versus federal regulations war going on in the US.  

10:30 – Richard explains what 108 is and talks about universal life premiums. 

18:00 – Insurance companies are influenced in creating the best contract possible, but what's on paper may not actually be what's reality. 

22:40 – MERs, management expense ratios, are not shown on the contract and can fool the consumer into thinking they have a better deal than they really do. 

26:45 – Richard says buy insurance for the right reason. Jason and Richard both agree that insurance is not a good investment. 

 

Mentioned In This Episode:

Unraveling The Universal Life Scam (The Shorter Truth) by Richard Proteau

http://www.consumerights.ca/

 

Direct download: AMA2011420Richard20Proteau.mp3
Category:Audio Podcast -- posted at: 6:00pm EDT

Jason invites Jeffrey Tucker on to the AMA show to talk about the peer to peer economy as well as Bitcoin. Jeffrey is the CLO and founder of Liberty.me and he is also the Director of Digital Development for the Foundation for Economic Education. On the show, Jeffrey talks about his book Bit by Bit, the up and coming peer to peer world, and much more. 

 

Key Takeaways:

2:20 – Jeffrey explains what peer to peer means. 

5:20 – Jason talks about how the Cuban people make extra money by serving food to tourists in their own homes. 

12:40 – There are a lot of costs associated with regulation and that hurts the economy further. 

15:45 – Plane tickets are roughly the same price from 25 years ago. 

25:00 – Bitcoin is relatively private as long as your public address isn't attached to it. 

30:20 – Top-down planning is slowly beginning to erode. 

 

Mentioned In This Episode:

Fee.org

http://tucker.liberty.me/

Bit by Bit by Jeffrey Tucker

Kitchensurfing

Eatwith

Blue Apron

Munchery

TaskRabbit

Fiver

Uber

Lyft

Direct download: AMA2011320jeffrey20Tucker.mp3
Category:Audio Podcast -- posted at: 9:43pm EDT

Mike Lingenheld appears on the AMA show today to talk about what's happening in the oil industry. He talks to Jason Hartman about different gold ratios and that there are gold/oil correlations to economic crises. Mike and Jason also do a deep dive and talk about the European economy as well as the dollar being the reserve currency. 

 

Key Takeaways:

2:10 – What's happening with oil right now? 

5:00 – Saudi Arabia isn't hurting economically due to their vast savings from the oil industry. 

8:15 – Gold and silver does an accurate job in reflecting current inflation. 

12:30 – Whenever the gold and crude ratio goes above 20, there seems to be an economic crisis. 

15:30 – Mike thinks the US dollar will be the reserve currency for the next 15 years, at least. 

18:40 – If Greece wanted to exist, it wouldn't be the end of the world. 

20:45 – If Spain were to exist, there would be problems. Mike explains why. 

 

Mentioned In This Episode:

http://www.forbes.com/sites/michaellingenheld/2015/01/21/texas-saudi-arabia-and-the-collapse-of-oil/

http://cupandhandlemacro.com/

Direct download: AMA2011220Mike20Lingenheld.mp3
Category:Audio Podcast -- posted at: 1:26pm EDT

Jason welcomes Linda P. Jones to the show. Linda is a podcaster and financial expert who teaches others how to have a wealthy mindset and how to build wealth the right way. She became a multimillionaire by the age of 39 and talks to Jason about her stock market background, six steps to building wealth, and where the US dollar is going. 

 

Key Takeaways:

2:30 – Linda realized early on that mutual funds weren't going to make her rich. 

4:30 – People who are overly cheap or frugal do not have a wealthy mindset. 

9:30 – Linda shares her story on how she made money in stocks. 

14:20 – Even if you have a full-time job, having a side hustle is a great way to begin creating wealth. 

16:45 – About every 8.5 years the US sees a financial cycle. 

20:50 – Linda is a big fan of gold and silver and she explains why they're a great investment. 

 25:10 – The only reason the US has so much power is because they have a monopoly on money. 

 

Mentioned In This Episode:

Money Love by Jerry Gillies

 http://www.lindapjones.com/

Direct download: AMA2011120Linda20P.20Jones.mp3
Category:general -- posted at: 6:09pm EDT

Jason Hartman invites Jeff Desjardins on to the American Monetary Association podcast today to talk about the neat infographics Jeff's company produces. Jeff is the president of Visual Capitalist and many of his infographics have been featured on Ink Magazine, Business Insider, Wall Street Journal, and other news outlets. Jason and Jeff talk about Visual Capitalist, Bitcoin, and more on today's episode. 

 

Key Takeaways:

2:15 – Jeff explains what Visual Capitalist is. 

5:45 – The infographics that Jeff's company produces are usually based on complex topics people have a hard time grasping. 

8:30 – Advertising with Visual Capitalist is more cost effective than on more main stream media websites. 

10:40 – Jeff talks about his favorite infographic that he and his team worked on. 

14:50 – Jason and Jeff talk about Bitcoin in this segment. 

15:45 – Jeff explains the hype cycle in technologies. 

19:55 – Jason would love to be wrong about Bitcoin, but you simply can't invest in it just yet. 

21:00 – A lot of people learn best visually, so Jeff would like to produce more content for them in the future. 

 

Mentioned In This Episode:

http://www.visualcapitalist.com/

Direct download: AMA2011020Jeff20Desjardins.mp3
Category:Audio Podcast -- posted at: 11:51am EDT

Ahu Yildirmaz is the Head of the ADP Research Institute. She has some great insight about the workforce market and gives the audience a sense of where the job growth is really happening in the United States and why. Ahu talks about how there's a lot of growth happening in both the South and West regions in the United States. Ahu also tells the audience that there is a gender gap between male and female hiring rates and explains why this might be on today's show with Jason Hartman. 

 

Key Takeaways:

2:15 – Ahu talks about where she gets her data from in the employment reports that ADP produces. 

5:25 – Are people working more full-time or part-time hours? Ahu breaks it down. 

9:00 – Northeast and Midwest are lagging in terms of job growth. 

12:45 – Texas is doing exceptionally well right now. 

14:45 – Job growth is happening a lot faster for men than for women. 

16:15 – Why is there a gender gap? Ahu and Jason give their opinions on the matter. 

20:25 – When the economy is not good, employers are looking for people with experience so they don't have to spend resources on training new arrivals. 

22:45 – Ahu thinks robotic technology will be good for the job market. 

 

Mentioned In This Episode:

ADP.com

Direct download: AMA2010920Ahu20Yildirmaz.mp3
Category:Audio Podcast -- posted at: 1:59pm EDT

Dr. Windsor Holden is the Head of Consultancy & Forecasting with Juniper Research. He has written over 40 full-length reports while working with Juniper Research and he talks about one of his pieces, Mobile Commerce Markets, with Jason on the show today. Jason and Windsor talk about the future of mobile payments, Bitcoin, and how people can look forward to securer online transactions. 

 

Key Takeaways:

1:45 – What's the latest on mobile commerce? 

4:30 – Windsor explains what host card emulation is and why it's better. 

6:20 – The involvement of Apple and Apple pay means that the mobile commerce industry will be improving a lot faster. 

9:00 – Bitcoin has many hurdles to over come before it can be adopted by the mass market. 

11:00 – Bitcoin fluctuates more than gold or any other currency. 

12:30 – Windsor predicts that we will see a lot more tokenization in the future and less third party 

interactions. 

14:00 – Windsor gives out his website and how you can get his latest report on the mobile commerce market. 

16:10 – Mobile commerce and paying online will be much more simple, secure, and user friendly in the future.

 

Mentioned In This Episode:

http://www.juniperresearch.com/viewauthor.php?author=62

Direct download: AMA20108.mp3
Category:Audio Podcast -- posted at: 7:23pm EDT

Dr. David E. Goldberg is a professor, writer, and a civil engineer. David has written several books on the topics of engineering and algorithms. Some of these books include The Design of Innovation, Genetic Algorithms in Search, Optimization, and Machine Learning, and, his latest book, A Whole New Engineer. Jason sits down with David to pick his brains on the latest in AI technology, why there's a decline in engineers, and we also get to find out a little bit more about David's most recent book. 

 

Key Takeaways:

2:10 – David jumps right in and talks about AI, Artificial Intelligence, technology. 

5:20 – To design a kidney by human hands is impractical, but nature has been able to create one for the past 3.5 billion years and more. 

9:15 – As better or new technologies arise, so will the ethical questions. 

12:45 – What's happening in engineering education right now? 

15:40 – Engineers were seen as heroes and that view reached its apex around World War one and two.

17:55 – Roughly speaking, 6.9 billion of us owe our existence to technology since our agriculture days.

20:30 – It's not just in the US where engineers feel unwanted; it's happening in Asia too. 

24:10 – Closing thoughts? Students who feel trusted end up doing the most innovative things. 

 

Mentioned In This Episode: 

The visible hand by Alfred Chandler

http://bigbeacon.org/

http://www.amazon.com/David-E.-Goldberg/e/B000APHEJU

Direct download: AMA2010720Dr20David20E.20Goldberg.mp3
Category:Audio Podcast -- posted at: 3:11pm EDT

Ashlea Ebeling appears as Jason's AMA guest. She is a Forbes editor and talks about the different estate taxes you might face all across the United States. She also touches on federal and income tax on the show. She tells the audience every year she develops an interactive map on Forbes of where you should not die in the United States that you can check out in the show links. 

 

Key Takeaways:

2:50 – How does New York's state tax have a 164% marginal tax rate? 

7:20 – Can you avoid estate taxes? Ashlea breaks down four way you can do this. 

11:30 – You have to be careful of inheritance taxes and need to look carefully into that before you give your properties away. 

14:20 – Ashlea likes the idea of Roth IRA. Jason thinks there's nothing stopping the government from changing the rules. 

18:10 – There are a lot of new tax rules and regulations happening for 2015 that people need to be aware of. 

 

Mentioned In This Episode:

http://www.businessinsider.com/bond-market-panic-phase-of-financial-crisis-2015-1

http://www.forbes.com/sites/ashleaebeling/2014/09/11/where-not-to-die-in-2015/

http://taxfoundation.org/

https://twitter.com/ashleaebeling

Direct download: AMA_106_RP20from20CW20463.mp3
Category:Audio Podcast -- posted at: 2:59pm EDT

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