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
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148: Mortgage Rate Update February 2020
147: Super Monday, Kobe's Letter On Money & Common Investment Property Questions
146: Top 10 Events Impacting Investors in the 2010s
145: Thou Shalt Maintain Control
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136: Low Interest Rates Trying to Spur Housing with ITR Economics' Taylor St Germain
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134: Differentiating Your Business with Geoff Cook
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