Creating Wealth Real Estate Investing with Jason Hartman 1298: Scams, Dan Ariely's Abstract Money & Valuation Inflation
Jason Hartman and Investment Counselor Adam take today's episode to examine a real estate scam that is finally being investigated by the FTC that has been used to defraud untold number of people out of tens of thousands of dollars each. These criminals might finally be held accountable. After that Jason and Adam examine Dan Ariely's YouTube video about how to make money less abstract and why the idea of paying yourself first is so important. They then wrap up the episode with some great economic news for our tenants that neither side of the political aisle is talking about.
Key Takeaways:
[4:07] The FTC is examining alleged scams with TV stars from shows about flipping
[9:33] Be wary of free events
[13:20] How to compare your money
[16:22] Create your own hedonic values when it comes to your money
[18:18] Pay yourself first is an important concept for our lives
[20:55] The Pain of Paying concept
[27:40] The wage growth story that neither political party wants to take credit for
[31:27] The theory of anti-fragility
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