Jason talks with one of his twenty-something clients who’s getting off to a good start as a real estate investor. Starting at the ripe old age of 26, Drew acquired three good rental properties that produce income of around $3,000 per month. In this multi-faceted case study interview Jason and Drew talk about the presidential debates, with a special focus on Ron Paul, buying a home vs. renting a home while purchasing income property.
The rent versus buy analysis takes on new meaning in today’s economy as we consider the “opportunity cost” of a huge downpayment and large monthly payment in overpriced areas of California or any market with undesirable LTI Ratios or “Land-to-Improvement Ratio” (an acronym and concept created by Jason as part of The Hartman Risk Evaluator). As Rich Dad, Robert Kiyosaki, says; “Your house is not an asset, it’s a liability. Assets produce income, your house costs money.” You’ll also hear some thoughts on home-based businesses.
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Jim Rogers who ran the Quantum Fund with George Soros and creator of the Rogers International Commodities Index (RICI). Jim has some great books too:
1995: Investment Biker: Around the World
2003: Adventure Capitalist: The Ultimate Road Trip
2004: Hot Commodities: How Anyone Can Invest Profitably in the World’s Best Market
2007: A Bull in China: Investing Profitably in the World’s Greatest Market
2009: A Gift to My Children: A Father’s Lessons For Life And Investing
Brian Tracy is a member of the board of trustees for the Heritage Foundation, a conservative Washington, D.C.-based public policy research institute.
His body of work is loosely based on a number of other success “gurus” such as Earl Nightingale, Jim Rohn and Denis Waitley. He has recently launched Brian Tracy University, an online course of study which is designed to assist entrepreneurs, business owners and sales professionals.
The Brian Tracy College of Business and Entrepreneurship at Andrew Jackson University (a distance learning school based in Hoover, Alabama), is named after him and based on his teachings. At the New York headquarters of ALM Media, a legal publisher, a motivational quote of Tracy’s appears on the office wall: “excellence is not a destination; it is a continuous journey that never ends.” His books include:
Maximum Achievement: Strategies and Skills That Will Unlock Your Hidden Powers to Succeed
Advanced Selling Strategies: The Proven System of Sales Ideas, Methods, and Techniques Used by Top Salespeople Everywhere
The Psychology of Selling: The Art of Closing Sales
Jones and the Salesman
The 100 Absolutely Unbreakable Laws of Business Success
The 21 Success Secrets of Self-Made Millionaires: How to Achieve Financial Independence Faster and Easier Than You Ever Thought Possible
Eat that Frog: 21 Ways to stop Procrastination and get More Done in Less Time
Get Paid More and Promoted Faster
Focal Point (2001) American Management Association
Victory!: Applying the Proven Principles of Military Strategy to Achieve Success in Your Business and Personal Life
Be a Sales Superstar: 21 Great Ways to Sell More, Faster, Easier in Tough Markets
Create Your Own Future: How to Master the 12 Critical Factors of Unlimited Success
Goals!: How To Get Everything You Want—Faster Than You Ever Thought Possible
Turbostrategy: 21 Powerful Ways to Transform your Business and Boost Your Profits Quickly
Change Your Thinking, Change Your Life
Getting Rich Your Own Way: Achieve All Your Financial Goals Faster Than You Ever Thought Possible
Time Power: A Proven System for Getting More Done in Less Time Than You Ever Thought Possible (2004) American Management Association
Something for Nothing : The All-Consuming Desire that Turns the American Dream into a Social Nightmare (2005)
The Power of Charm: How to Win Anyone over in Any Situation (2006) American Management Association
Crunch Point: The 21 Secrets to Succeeding When It Matters Most (2006) American Management Association
Flight Plan: The Real Secret of Success
The Miracle of Self-discipline: The “No-Excuses” Way to Getting Things Done
Garrett Sutton has over twenty-five years experience assisting and advising entrepreneurs, families and businesses in selecting the appropriate corporate structures to limit their liability, protect their assets and advance their personal and financial goals through real estate investments and other means of wealth creation.
An author, speaker and a member of an elite group of “Rich Dad’s Advisors” hand selected by author Robert Kiyosaki, Garrett speaks to investors and entrepreneurs on a variety of topics including asset protection, liability limitation, wealth creation, as well as various business and real estate issues.
Garrett has authored Own Your Own Corporation, The ABC’s of Writing Winning Business Plans, The ABC’s of Getting Out of Debt, How to Buy and/or Sell a Business, and recently developed a new product Start a Business Toolbox. He co-authored Real Estate Loopholes. These titles are included in the “Rich Dad, Poor Dad” wealth-building book series. Additionally, under the SuccessDNA Publishing label, Garrett has authored and co-authored numerous books including How to Use Limited Liability Companies and Limited Partnerships. Garrett’s books provide an accessible source of information for building your own success.
A member of the State Bars of Nevada and California, as well as the American Bar Association, Garrett attended Colorado College and the University of California at Berkeley where he received a B.S. in Business Administration in 1975. In 1978, he graduated with a J.D. from University of California’s Hastings College of Law in San Francisco.
Garrett also serves on the boards of the American Baseball Foundation, located in Birmingham, Alabama, The Sierra Kids Foundation and the Nevada Museum of Art, both located in Reno, Nevada.
Episode: CW 234: Investing In Your 20's & Home Buying vs Renting for Millennials
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