Jason Hartman talks with Garrett Gunderson, founder of The Wealth Factory and author of Killing Sacred Cows: Overcoming the Financial Myths that are Destroying Your Prosperity and What Would the Rockefellers Do, about the financial myths that persevere in today's world that need to go away. Too many people are living by the old rules that no longer have any basis in truth, and it's time to steer away from those habits and in to habits that will actually help you win today.

Key Takeaways:

[1:49] A lot of people are still playing by society's old rules

[4:56] The 4 main areas where you can win first and then play

[9:09] Even if there's a finite amount of money, there's an infinite number of times it can exchange hands

[12:50] The 2 ways you can overcome the scarcity belief system

[17:02] A quick exercise to make your income start rising

[20:18] What kind of insurance do you actually need?

Website:

www.WealthFactory.com/Podcast

In this 10th episode, Jason Hartman goes off topic with Joan Sotkin, host of the Prosperity Place podcast and author of Build Your Money Muscles, about how to rewire your brain for prosperity and financial freedom. Jane points out that you need to connect with your negative emotions about money because emotions are created to be expressed, as well as remembering that you're not doing it for money but for what the money allows you to do.

Joan and Jason look into why people quit at the first sign of trouble and how you can be part of the 2% of people who actually achieve change.

Key Takeaways:

[1:44] Money problems aren't usually about money

[6:14] The questions you need to ask yourself when you're trying to change your bad habits

[9:44] You need to connect with your negative emotions surrounding an idea because emotions, by nature, need to be expressed

[12:04] Remember, you're not working for money, you're working for what the money will buy

[16:27] The people who are successful are problem solvers who see problems as opportunities

[20:44] What can you do about people who give up at the first hint of trouble?

[23:33] Only 2% of people who want to change actually make the change

Website:

www.ProsperityPlace.com

Jason wraps up his interview with Macro Watch's Richard Duncan. The two tackle the topic of rising interest rates, better uses for going into further debt than giving it to tax reform, how the Fed will react to a tanking stock market, and what we can expect to see over the next few years.

Key Takeaways:

[1:00] What people don't realize about interest rates

"People buy houses on a payment, not a price"

[2:12] What the Fed will do if the market drops 10% and what else will happen if it drops 20%

[5:31] What Richard wishes the government had done with the $1 trillion in new deficits that will occur from the new tax reform

[10:06] Why Richard thinks the government can invest as wisely as private companies

[14:32] What are the next few years going to look like?

[17:05] People need to get very familiar with quantitative tightening

Websites:

www.RichardDuncanEconomics.com
(promo code: GLOBAL for 50% off)

Jason Hartman welcomes Richard Duncan back to the show to discuss what's going on with fiscal policy and interest rates right now. In the first half of the interview Richard talks about how the trade imbalance with China has enriched the nation and brought millions out of poverty, as well as how the general public has no idea how much the Fed is actually tightening, and how that will impact interest rates.

Key Takeaways:

[3:04] Jason's theory on asset inflation and what it means if the millennials don't join the investor class like the baby boomers did

[5:41] Why the future from an Asian perspective is much brighter than from a US perspective

[7:50] Who's gotten the better end of the China/US trade imbalance?

[13:27] Richard believes the Fed is tightening more than people are understanding

[17:36] The Fed has been destroying at least $10 billion a month since October 2017 and it's going to get bigger

[20:11] The Fed will have destroyed $1 trillion by the end of 2019 if they follow through on their announced plan

[22:20] Is the Fed likely to make a course correction if rates go too high?

Websites:

www.RichardDuncanEconomics.com
(promo code: GLOBAL for 50% off)

Jason Hartman talks with Barry Habib, renowned mortgage industry executive and founder of MBS Highway, about what to expect in the mortgage world in 2018. The two discuss why the media doesn't seem to get real estate, why real estate appreciation doesn't have to match stock market appreciation, mortgage tax deductions, and how the Roe v Wade decision actually impacted a housing bubble.

Key Takeaways:

[1:31] Is Barry still bullish the US real estate market?

[5:35] The power of leverage, when a 6% return can dwarf 20%

[9:25] The interest you pay for your house goes to the lender, but the principle is STILL YOUR MONEY

[11:50] How much Barry expects mortgage rates to rise in 2018, and how it impacts appreciation

[12:55] Why aren't people taking the mortgage tax deduction?

[14:34] The bullish sentiment is the highest it's been in about 20 years

[18:45] How Roe v Wade led to a housing bubble

Website:

www.MBSHighway.com