Creating Wealth Real Estate Investing with Jason Hartman 1893 FBF: China, Looming Asset Shortage & Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar by Jorge Newbery
Today's Flashback Friday is from episode 1182 published last April 29, 2019.
Jason Hartman brings you this episode from China with Venture Alliance Member Carmen. Jason describes how his visit to China is influencing his previously held thoughts about the country and how the looming asset shortage is a beautiful things for real estate investors.
Then Jason talks with Jorge Newbery, founder and CEO of Debt Cleanse, founder of American Homeowner Preservation and author of Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar, about how he was able to climb out of a $26 million hole and how others can follow in his footsteps. This isn't about cheating your way out of debt, it's about using the same rights that creditors have because you need to protect yourself from predatory lending practices.
Key Takeaways:
4:46 Jason got to visit the railroad station that was built to link North and South Korea in the future
8:18 star in the US has nothing on 5 star in Asia
12:03 How Jason's visit to China has changed his views on the China economy
14:16The looming asset shortage, and why it's good for real estate investors
Jorge Newbery Interview:
19:34 Debt may seem simple, but it's a lot more nuanced that you'd first believe
21:19 If you can't afford your debts, the best thing you can do is to stop paying them
24:31 How Jorge got started paying off his $26 million debt
27:08 What kind of errors you should be looking for from your lendors
32:58 The elite have often used debt as a way to enslave the lower classes
Website:
Debt Cleanse: How to Settle Your Unaffordable Debts for Pennies on the Dollar
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