Creating Wealth Real Estate Investing with Jason Hartman 1805: Share of Income, Napoleon Hill's Think & Grow Rich, Cantillon Effect, Housing Supply Shortage, Uneducated Economist
Today Jason talks about art, love and the peak of human civilization and how things have been downhill ever since 1990! He also shows you how amazing income property is through the concept of "Share of Income."
And welcome back Simon Caron, the Uneducated Economist, as he and Jason finish their talk about economics and the housing market, it's many facets and troubles!
With a background in the lumber industry and his direct work in sales at a lumberyard, Simon's research comes from real world, real life experience as he deals firsthand with the current building material and lumber shortage logistical nightmare on a daily basis. He reports that lead time for a lot of building materials is now three months and discusses the Cantillon Effect, worsening inequality and the crisis builders are facing just to get their projects completed. Builders are having to order supplies before they even have a permit, putting the cart before the horse! Simon also encourages you to pay close attention to debt (especially corporate debt), rising interest rates and central bank digital currencies.
Key Takeaways:
Jason's editorial
1:03 Feedback on Jason's expose' - or rant!
3:48 Give give give
6:00 The most powerful forms of art
8:29 Love- it's a marketplace just like real estate
12:23 Energy, sperm, plastics and channeling your sexual energy
15:40 Share of income
Simon Caron, the uneducated economist
19:54 Opinion about the supply chain
21:31 Simon explains the Cantillon Effect
24:20 The Cantillon Effect leads to wealth transfer and poverty
26:46 How will this building and construction issue play out over the next 1-2 years?
29:29 The Fed has lost control over inflation
32:08 California's supply chain problems and shortages
36:29 Pay attention to debt (especially corporate debt), rising interest rates and central bank digital currencies
39:19 Moving away from the Dollar as a reserve currency
40:25 The good, the bad, and the ugly about central bank digital currencies
42:02 Central bank digital currencies and universal basic income are inextricably connected
44:17 It's become burdensome to use cash
47:04 Find Simon Caron on YouTube, Instagram and UneducatedEconomist.com
Mentioned:
Think and Grow Rich by Napoleon Hill
Tweetables:
Fashion is a catalyst for attraction- Jason Hartman
The WEALTH TRANSFER is happening FAST! Protect your financial future now! Did you know that 25% to 40% of all dollars ever created were dumped into the economy last year??? This will be devastating to some and an opportunity to others, be sure you're on the right side of this massive wealth transfer. Learn from our experiences, maximize your ROI and avoid regrets.
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