Jason Hartman and Adam discuss several issues in today’s show. The first one is the news that the average FICO score is at an all time high. This is due to several factors, but the underlying facts about the credit rise show some very good news for our economy. The two also discuss a new credit scoring on the horizon that might help more people get credit and allow those who make strategic defaults able to get loans sooner.
After playing another of the 5 Year Plan videos, Jason and Adam dive into an event in France that shows the creep of what employers are responsible for, as well as a new California law that is aimed at companies that employ freelancers. The two have differing takes on the law, tell us yours!
[4:07] Jason has been researching an investment vehicle that might be better than the 1031 Exchange and he’ll discuss it at the upcoming Profits in Paradise
[7:11] Consumer spending seems to be more in line with wages these days
[11:51] They’re creating a new way to create credit scores with more data points
[15:39] Credit management isn’t just the ability to repay
[19:29] Jeff’s 5 Year Plan for retirement
[26:20] How employers are being hampered even more with a ridiculous event in France
[31:48] California’s new law about independent contractors could have some big ramifications
[34:15] We need to divorce health care from employment