Young Wealth by The Jason Hartman Foundation
Business:Investing
The future of real estate and the future of renters looks pretty good. But that doesn't mean you can just buy and forget your investments, you still have to manage them. Jason Hartman recently did some reading on American's personal finance education and habits, and came away disillusioned.
Listen in as Jason goes over some important things about personal finance, and why you want to be a dairy farmer, not a cattle rancher.
Key Takeaways:
[4:00] Used cars have actually APPRECIATED lately
[7:26] Only about 50% of states require high schoolers to learn about personal finance
[10:39] About 80% of millionaires inherited nothing, and 27% of them never earned $100,000 in a year
[13:55] We need to delay gratification, but give ourselves some rewards along the way
[18:21] Are you a cattle rancher or dairy farmer?
[20:46] Muthiah's 5 Year Plan
Website:
www.EmpoweredInvestor.com
YW 32 – Millionaire by 28: Real Estate Investing for the Young and Ambitious
YW 31 – Frank Corbin: Creating Wealth Through Real Estate Investing
YW 30 – Dr. Denis Waitley on The Psychology of Winning and The Seeds of Greatness
YW 29 – How Gen Y Entrepreneurs Are Rocking The World of Business!
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