1740 FBF: Taking Calculated Risks with Eve Wright VP of The Miami Heat NBA Team & Author of ‘ Living Life at the Speed of Passion’

Welcome to this week's edition of Flashback Friday. Your opportunity to get some good review by listening to episodes from the past that Jason has hand picked to help you today in the present and propel you into the future. Enjoy.

I've known Jason for about 10 years.

Now and his company does amazing things for their clients.

I found his knowledge on real estate unsurpassed.

He's straightforward, honest about his approach and.

Gives you the information you need without any bs. He's the real deal.

I highly endorse him.

Today we have Flashback Friday and a 10th episode show. All of you regular listeners know that every 10th episode we do a topic of general interest in. It always seems to relate to finance and success in life and success with our portfolios. But the topics are more general every 10th episode show. And today we combine a Flashback Friday with a 10th episode.

Welcome to Creating wealth with Jason Hartman. During this program, Jason is going to tell you some really exciting things that you probably haven't thought of before. And a new slant on investing fresh new approaches to America's best investment that will enable you to create more wealth and happiness than you ever thought possible. Jason is a genuine, self made multimillionaire who not only talks the talk, but walks the walk. He's been a successful investor for 20 years and currently owns properties in 11 states and 17 cities. This program will help you follow in Jason's footsteps on the road to financial freedom. You really can do it. And now here's your host, Jason Jason Hartman with the complete solution for real estate investors.

Welcome to the Creating wealth show. This is your host, Jason Hartman. This is episode number 390 and you know what that means. It's a tenth episode. So we're going to go a little bit off topic to something of general interest today as we always do every 10 episodes. And we're going to talk to Eve Wright and we're going to talk about life at the speed of passion. But before we do, just a couple of quick things. Number one, did you know that the median house price in the Socialist Republic of San Francisco, hey, it's a beautiful place, but it still is a pretty socialist government there, at least for landlords. When you've got very few rights from landlords and rent control and all kinds of restrictions. And you know what I say, we always like to choose landlord friendly environments, places in which we can do business. We can expect tenants to uphold their contracts, they're part of the bargain and pay their rent. And if they don't pay their rent, we want to get them out fast. San Francisco and the whole state of California in general is not one of these types of places. But what's amazing is that in San Francisco now, the median home price is. Are you sitting down $1 million? A cool 1 million bucks for the median price home? I mean, that is shockingly more expensive than the rest of the nation. What this one article I read was talking about is how, you know, of course, the tech people are in there and they're increasing the prices and so forth. And, you know, the Google kids, as they call them, have cash to burn and so forth. But here's what's amazing, and it just proves my points in so many ways. And I said not point. It proves my points in so many ways because there are multiple points here, but one of them is that look at the RV ratio. Check this out. The median rent in the bay area is $2,158 per month, with San Francisco averaging $3,229 per month. So look at those RV ratios. They're. They're exactly what I've always said. And l. I've played this game with people from all over the world where if they can tell me what their rent is, or it's like a little algebraic equation or they can tell me what the value of the property they're living in is, I can tell them what the rent is. You know, and I don't have to see it. I'd like to know what city it's in, ideally. But, you know, even without knowing what city it's in, you can tell because these RV ratios pretty much hold up around the planet. It's amazing how accurate this stuff is. So if someone tells me they live in. Not that they have, not that they own, but say someone tells me that they're renting a place in Miami and they pay $3,300 a month, I'll say, oh, your house is probably worth about $900,000. You know what? I'm gonna be right. Almost always, if they tell me they live in San Francisco and they're paying $3,300, I'm gonna tell them their house is probably worth about a million bucks. And I'm gonna be right. Look at this article. It says it again. So think about that. You could either spend a million dollars to buy a place in San Francisco that you could rent out if you're the landlord, for $3,200, give or take 3,300, you know, right around that area, or. Or you could buy 10 houses for $100,000 each. In three different diversified cities around the country that we recommend. And you could rent each of them for $1,000 a month, maybe even a little better, and you would have $10,000 a month for your $1 million investment. So the RV ratio or the rent to value ratio is. It's like the oxygen of real estate. It's the most fundamental rule that you can just so easily tell. It's just this rule of thumb that just works. It works literally around the globe. Every place I've tried it. Go to any country and you can see that the RV ratios hold up pretty well. And speaking of other countries, just before we get to our 10th episode, guest here and talk about life at the speed of passion, there was a really interesting article in Yahoo. Finance and it Talked about what $1 million will buy you around the world. And I thought I would just share these with you because they're pretty interesting. In Cape Town, South Africa, by the way, that is a gorgeous place. I'd say it's easily one of the five most beautiful places on the planet. Of course, in my visits to 71 countries and counting so far, I have been to Cape Town, South Africa and it is absolutely stunning. Not very safe, but stunning. South Africa has major problems. Major, major problems in many ways, but it is absolutely a beautiful place. So In Cape Town, $981,000 buys you a 10,000 square foot, five bedroom mountainside home with a bar and a private home theater. How about Dubai? Well, Dubai, you know, that's a very expensive market. You would never touch Dubai. Gambler and a speculator like a San Francisco type investor. Well, in Dubai.

$1.09 million. So that's 1,090,000. Okay. Dollars gets you a two bedroom apartment with 1900 square feet and an ocean view. So again, no way I'm doing that deal. So far I'm a renter in any of these million dollar markets. Welcome to this week's edition of Flashback Friday. Your opportunity to get some good review by listening to episodes from the past that Jason has hand picked to help you today in the present and propel you into the future. Enjoy. Because it is a much better deal to rent a high end home, as I've been saying. Now get this one. This one kind of blew my mind. I have been to beautiful Sydney, Australia. What a great, great city. Just, just a beautiful place. But I had no idea that the prices had gone up this much since I'd been there. And I did look at real estate there fairly extensively and this was what, about 12, 14 years ago. I guess I was there. Well, right now in Sydney, $1 million buys you a 990 square foot apartment. Less than a thousand square feet. Isn't that awful? And it steps away from the Royal Botanic Gardens. Features include high ceilings, a communal roof terrace with harbor views and a grand entrance foyer. So that's a million bucks. You don't even get a thousand square feet. Ew. I say no to that one. Okay, let's go to Tokyo. Massively overpriced Tokyo. And if you saw the picture of the property I'm talking about right now, you would be just like amazed. It's terrible. It's totally ugly. So 1.05 million. So $1,050,000 buys you a 1357 square foot multi level home, described as modern and open. Detached house with open ceiling space. And this house is like a vertical row home. It's just no good. Forget about that. Let's go to London. In London, $993,600 gets you a three bedroom, three bathroom. But only 909 square foot apartment with a balcony. Unbelievable. Wouldn't touch it. I bet you can rent any of these places for about $3,000 a month. You just go around the world and the equation will just work anywhere. It's really amazing. New York. Let's look at Manhattan, New York. We all know that's expensive. 995 buys you a one bedroom. Get this one. Only 640 square feet. A tiny little apartment in the West Village. The building has a private rooftop terrace. 24 hour doorman. Of course you're gonna have to tip this doorman, buy him presents every holiday or he's not going to deliver you your packages. And they're all unionized. I mean, New York, just an awful place to be an investor. You know, the tenants have all the rights. So when you're in a place like this, be a tenant because you'll have all the rights. It's great. Okay, don't be an owner. 24 hour doorman. Fitness room, fitness room. You notice they didn't say gym? Fitness room. It's probably a little closet with a couple of machines in it and a laundry room and that's $995,000. Unbelievably overpriced. This one surprised me a bit. This is Kiev in Ukraine. Ukraine is like the land of the supermodels. Okay? I've been there, believe me, it's. It is the land of the supermodels, as is all of Eastern Europe and maybe Russia in. So in Kiev, $1 million buys you a three bedroom, two bath apartment with heated floors. Now that's kind of interesting. Heated floors and a home cinema with 2,153 square feet. But I was kind of surprised Kiev was that expensive. I didn't think it was that expensive. And especially now with what's going on with Ukraine and Russia. I bet you it's not even that much. But this article is current. Okay, it's just like last week article. Sao Paulo, Brazil. $1.1 million gets you a five bedroom, six bathroom home on a tree lined street. That's 4,090 square feet. And the home has a pool and fireplace. Very nice looking home. That's Sao Paulo. Of course Brazil has some pretty significant crime problems. Now let's go to one of my favorite places if you can handle the attitude. You know, the French attitude is they don't like Americans too much over there. But. And this isn't really France, it's the principal of Monte Carlo, right? Or Monaco I should say. But in Monte Carlo. $1.02 million. So a million $20,000 pays for a tiny. And this one's the worst of them all folks. A tiny 377 square foot studio with a half equipped independent kitchen. And I'm looking at a picture of the kitchen and it is, it's nothing. I mean it's, it's got a crappy two burner stove. It's got a, a little mini like bachelor college dorm refrigerator. A half equipped independent kitchen in the city center. A million bucks for 377 square feet. Unbelievable. Let's go to Paris. Paris, Beautiful Paris. Romantic Paris. $1 million gets you a third floor one bedroom apartment near Avenue Victor Hugo. That's 635 square feet for a million bucks. Just unbelievable. But at least this is a nice looking apartment. You know the one in, in Monte Carlo was terrible. Okay, let's go to Hong Kong. What about Hong Kong? That's a pretty expensive place. $1 million buys you a three bedroom apartment with sea views in Discovery Bay. It doesn't say the square footage. I've been to Hong Kong before. I'm actually pretty impressed. You know, I'm going to guess if it's three bedroom, it's got to be probably a good 12 to 1400 square feet. So not, not too bad, not too terrible. Let's keep going.

Let's go to Rome.

This one surprised me. I didn't think Rome was this expensive. And so when, when you're in Italy, I mean Rome was one of my favorite Cities there really, because just so much history in Rome. $1 million buys you a 969 square foot. They call it a space.

It's not an apartment or a condo or it's a space next to the palace of Expositions. Well, now they call it an apartment. The apartment has two bedrooms, two bathrooms and a lofted living room. Wow. Two bedroom, two bath in 969 square feet. Those must be some pretty small bedrooms. I'm looking at a picture of the living room and it is tiny in that place. Okay, let's go to Geneva. Geneva is an expensive place. We all know that. That's a, you know, a big financial cent. And so $997,000 gets you 807 square feet. And it's a downtown pad with one bedroom, living room, kitchen and bathroom. Gee, I'm so glad they include a bathroom for a million dollars. That's so nice of them. All right. Bangkok. Bangkok, Thailand. Now I went to Bangkok, probably, gosh, 15 years ago and I did not like it at all. I thought it was crowded and smelly and I didn't. I was not a fan of Bangkok. But as you know from a recent episode, I just got back from Phuket, or Phuket, however you say that, the resort area of Thailand and I really did like that. So, you know, a lot of American expats go to Thailand and on my jetsetter show I have interviewed some of those people and talked about various expat destinations around the world. Thailand certainly being a popular Choice in Bangkok. $967,000 pays for a furnished five bedroom, six bathroom house on nearly 5,000 square feet of land. Well, I don't know why they think that's. 5,000 square feet is not a very big lot actually with a massive living room and beautiful views. So you get a lot more there. But I guarantee you you can probably rent that same house for $3,000 a month. The number is always about 0.3 when you're looking in the million dollar price range. Just know that it's about 0.3 RV ratio with our properties that you can of course find@jasonhartman.com it's about 1%, give or take, might be 1.2, 1.3% might be 0.9, but it's at least three times better than any of these million dollar properties. And you can get 10 of them and be diversified too. So much better. How about Istanbul? Istanbul, Turkey. Okay, $1.2 million gets a waterfront apartment with three bedrooms and a large terrace overlooking the Black Sea, I've been there twice and so that's not too bad. Now let's talk about a market that we do actually recommend and we've probably done over the years a couple hundred transactions in this market. Investors are buying up this market at a good clip and it's a good place to invest and it is good. Old Houston, Texas, really one of the energy capitals of the United States in many ways. And it's a big mecca and center for health care as well. Two great industries. Well, for a million bucks in Houston, you get a gorgeous, stately, looking, beautiful home. I'm looking at the picture now. Big lot. It's, it's really nice. So $1,090,000 to be exact. Gets you a 6,879 square foot, six bedroom home overlooking a bayou. It has an elevator, two wet bars and a two story formal living room. Well, let me tell you, I would take Houston over any of these deals so far. How about Cartagena? This one kind of amazed me. I didn't think it was this expensive. I have not been there. I've been almost, I think everywhere else on this that we've talked about. I haven't been to Sao Paulo, I haven't been to Brazil. But everywhere else I think I've been that we've talked about so far. Okay, in Cartagena, a million bucks gets a recently renovated three bedroom, four bathroom apartment with a terrace and a Jacuzzi. So, you know, not as much as some of the others. I thought. Okay, how about Munich? Munich, Germany. That's a, that's a beautiful city. I really do like Munich quite a bit. Well, $990,000 will get you a 1227 squ square foot penthouse with three bedrooms, two bathrooms, two roof terraces, a living room and a dining room. And by the way, the picture looks pretty gorgeous of that one. So not bad. But again, I'd rather rent it because I know my rent is going to be about 3,000amonth. It's just, it's a rule of thumb and you can just pretty much count on it. It's pretty darn accurate. It won't be far off anywhere on the planet. Just try me on this. Try me. Okay. I bet I will be right. Okay. Buenos Aires, Argentina. They call it the, the Paris of South America. In Buenos Aires, and I've been there, $1 million buys you a 4,300 square foot apartment with nine rooms in the posh Recoleta neighborhood. You get a lot there. You get 4,300ft for a million bucks. That's pretty, pretty awesome. And that's your tour of what a million bucks buys you around the world. How do you like that, folks? If you want to see properties with actual intrinsic value, don't look at any of those. And don't look at any of them in San Francisco either. Go to jasonhartman.com, click on the properties link and look in the markets we recommend. Look in Little Rock. In fact, join us for our property tour in Little Rock. Hey, by the way, how did you like Bill Clinton on our last two podcasts talking about our Little Rock property tour? Oh, yeah, I know we have to add a little humor in here somewhere, right? So join us. That'll be in late September, and you can register@jason hartman.com and the format of this goes like this. On Saturday, we'll have the Creating wealth in Today's Economy boot camp, and then on Sunday, we'll have the property tour and we'll have a bunch of meals together. Saturday night, we'll have a really nice dinner out together. We'll have some great lunches, and I just think you'll really enjoy the whole time. So these tours, we've done a bunch of them in different markets around the US and of course, we like markets that have good, good cash flow. So come to Little Rock. I think you'll really enjoy it. That is late September. Register@JasonHartman.com, click on Events, and we will look forward to seeing you there. Let's get to our 10th show guest as we talk to Eve about life at the speed of passion. Here she is. It's my pleasure to welcome Eve Wright to the show. She is vice president and Associate General Counsel of the Heat Group, and that's the Miami Heat basketball team. But she's also author of Life at the Speed of Passion. Create a life of Intention, purpose, and integrity. And she'll talk to us about that as well as her entrepreneurial journey, and I think you'll find that interesting. Eve, welcome. How are you?

I'm fantastic. How are you today?

Well, good. It's good to have you on the show. I assume you're coming to us from Miami, However, I'm not really sure.

Yes, I'm actually in Miami today. I actually commute between cities, so that's a good question to ask.

Okay. What's the other city?

Atlanta.

Oh, okay, great. What inspired you to write the book Life at the Speed of Passion?

I actually do a good deal of speaking and try to mentor on a larger scale through my executive development program for Women called the Spark. People can find that@thesparkhq.com and I repeatedly got questions about how is it that you're a woman in professional sports and how is that you're an entrepreneur and a mom and doing all these things. And I thought it was important just to kind of have a conversation, a dialogue with folks about perspective and how you widen your vision for what you can achieve and then how you actually have some real life tangible strategies and techniques in achieving those goals. And so that was really the outgrowth, or this book is really the outgrowth of those conversations. It tended to be pretty well received in those circles. So I said, you know, I'd like to reach more people and start these dialogues and really kind of give them or share some of the tools that have really worked for me with a broader spectrum of folks.

What are some of those tools and techniques?

In the book we talk about, you know, kind of really reexamining what your life looks like now and then what you want it to look like. So starting there, that's step one. And then we put together some strategies. I recommend some strategies about how you go about figuring out and narrowing down, testing some of those things through calculated risk taking, not necessarily life jarring events where you chuck everything and then move to California to surf. But certainly if there are things you want to do, there are ways small and large where you can start to gravitate in that direction. Whether it's building skill sets or building networks, just about anything you can do, self investment in your own self improvement. I'm a big proponent of that. And so we go over some of those things. Those are just two of the things we talk about. When I talk about a number of techniques in the book.

Well, you talk about emotional fat. What is emotional fat? And how can we cut it out of our lives. I'm assuming fat is bad in this.

It is. And one is kind of self induced and the other one is environment induced. And there are a couple of others. But these are the two biggies I talked about. So one personal one for me is about the excuses. And I talk about excuses being my monument to nothingness. So while I've always been very driven in my career, I have not always applied that same drive to the rest of my life, what that looks like. And so there came a point where I had some real health challenges, struggles relative to being borderline diabetic, those sorts of things. It runs rampant in my family. And so I would make a ton of excuses. I have a demanding job, I have this I have that. I don't have the celebrity lifestyle where I can dedicate hours on it exercising, but when the rubber hit the road, it's like everything else. Like, I had to make it a priority and then start putting it together, a strategy in place where I might not have the millions of dollars to dedicate toward that or the tons of hours I had something, and it was starting with that something that removed all those excuses to cut that out of my life. And so I talk about how you, again, from a strategy standpoint, put together those strategies to reach that goal, even if it's on a small scale initially. The other emotional fad is the people that you surround yourself with. I talk about some of my personal friend inspirations in the book who have great initiative, who are always operating at a high level, who keep me motivated to continue to do so, and how you determine who's that in your life and who isn't. And that's not to say the people that aren't are bad people, but certainly the more you can stay motivated about achieving your goals, the more you absolutely want those folks in your life to help keep you on that motivated track.

Good point. No question about it. You know, Jim Rohn always says our income will be the average of the five people we spend most of our time with. And I think that's. That's pretty true. So the environment is definitely true too. Yeah, yeah, it is. And. And so the environment is important. And. And just, you know, some advice. If some people listening are finding it difficult to change that, that people you hang around with issue, you can hang people virtually too. And so, you know, by listening to shows like this, you're hanging around with me, you're hanging around with Eve. And so, you know, maybe your physical peer group is difficult to change. You know, maybe that part of the environment is difficult to change. But, you know, you can certainly reach out and you can have virtual friends, virtual people you hang out with that can provide good inspiration and a good example and feed your mind positive fuel that it needs for success. So I just wanted to mention that because I haven't always had that opportunity in my life, especially when I was, you know, a teenager, to hang around with people that I wanted to emulate and people that were highly successful. I just didn't have access to them, but I did virtually, I did through books and audiobooks and seminars. There I could connect with Dennis Whateley and Earl Nightingale and Zig Ziglar and Jim Rohn and, you know, some of the motivational greats of our Time. And so that's one thing you can do. And Eve, I love what you said about excuses too, because one of the quotes I heard from these guys is, you know, you can either have excuses or you can have results. You just can't have both.

So true.

Yeah, so true.

And look, and I totally agree with you, that's actually one of the points I make in the book about access to people. You don't always have it for sure. I didn't have it initially, but I was a big proponent of people I saw in magazines or newspaper articles. I would write them and sometimes they wouldn't respond to it, sometimes they would. And you know, they may even grant you an audience if you're patient and you're diligent about follow through and follow up. Now, in this time of Twitter, where most people are on Twitter or engaged on Facebook or LinkedIn and those sorts of things, you'd be surprised the amount of access you could gain to people. And even if they don't have time, there are other forums virtually, as you mentioned, podcasts, or for instance, on my executive development program for women, I engage on a virtual platform with folks just because you don't have necessarily time to talk to everybody individually. But when you're talking to people in mass on conference calls, it makes it a much easier dynamic for you to engage and then elicit some real substantive feedback and assistance.

How can we refine ourselves? Every day you talk about that.

Look, I think you got to be willing to invest in yourself, particularly as women. I know a ton of the time we're very focused on helping and pouring into other people, which is fantastic. But I think it starts with helping and pouring into you so that you're satisfied with the direction and the journey that you're traveling. And again, it doesn't have to be large scale steps. It doesn't have to if you don't have a ton of money. It's the small things. Buying a book or going to the library to read a book or following on a podcast, exploring an interest. I actually am an avid listener of podcasts and one of my favorites, well, I have two super favorites. One is hardcore history and then the other is stuff you should know that pique your interest about other things that are going on, whether it's in the world of science or the world of public speaking or anything.

I want to mention a couple I like and I'm going to get even with you for not mentioning my podcast, but I'm so sorry. Let me just mention a couple that I really like one thing about future and science, because you mentioned that. And this kind of stuff just keeps your mind active and engaged. And it also makes you feel optimistic about the future because there are so many incredible technologies coming our way that are just going to be life altering in so many positive ways. I like the podcast called FW Thinking. So FW for forward FW Thinking, that's a great podcast. And another one I like on health pretty well is called the Bulletproof Executive with Dave Asprey. And those are great. And of course I've got a network of 18 shows you can listen to. Jason Hart.

Well, since they're already listening in, I figured one of or you know, several of yours was one of their favorites as well.

Fair enough, fair enough. I'm just giving you a hard time. It's great that we have access to this kind of stuff more than ever in human history nowadays. And people not taking advantage of it is, I mean, it's just crazy. It's free.

It's free. You know, now look, if you're building skill sets, for sure, you know, you could take free classes, you can pay to take classes. There are things that you ought to be doing to improve your skill set. Everything relates to everything else. I talk about a good friend of mine who and my former boss who used to say that quite frequently and it's true. You may have in mind what your goal is and you may not get there in a straight line, but if you add a little bit of this from a skill set perspective, you add a little bit of lifestyle, you add a little bit of networking, you will ultimately get there. You're continuing to work and you're continuing to grow and opening your mind to the possibilities and then giving you some structure and a framework with respect to the strategies and techniques on how you leverage that. The very things we talk about in the book.

Very good points. So cut the emotional fat. Refine ourselves every day. Here's an age old question for you. What does it mean to be happy?

I don't know. But I tell you what, good answer.

I love it.

I think it is certainly different for everyone at different periods of their life. We ought to give ourselves one the flexibility to have it be an evolving definition, not be apologetic about what that means for us individually and give ourselves the room to pursue it.

Very good points. You know, that is a very tricky question and I love how you said I don't know was the first answer to it before you drilled down a little bit on it in the Western world. Well, really in most all of the world, the Eastern world certainly has got its share of consumerism. There's no question. You know, if you go to Asia, consumerism is everywhere. You know, Madison Avenue has really defined happiness for us and I think we need to constantly guard against using their definition as our own. And, you know, that's the definition of materialism and so forth. And while material things, I mean, no one would deny that they're great, they're handy, they can make life more comfortable, more convenient, they can bring more opportunities, more access to things, that's not necessarily what creates happiness. And it's so easy to fall into that trap. When I lived near a college, just until very recently, I just, I noticed in talking with 21 year olds, this hypnotized mentality. And I suppose I, I've had that a lot of my life too. Maybe I'm still in it and I just don't think so.

It's like looking around and we don't notice the air we breathe, but we're definitely part of it. They're just so stuck on this material definition of happiness. That can be pretty counterproductive, can't it?

That comes down to letting someone else define what your happiness looks like. Look, if it's genuinely, you like nice things, okay, you figure out how to get some nice things in moderation to make you happy, but it shouldn't be because you see, and other people promote those things as your happiness, I think that is, there's really a distinctiveness there. And I think the first step, and certainly for my life, it has to be what does it for me. I love what I do every day, but most importantly, I love where I am, the ability to chase down new things and to explore new things, because that is what does it for me. If I'm like kind of rote memory locked in a box, that's maddening. And so no matter which professional sport area the job or opportunity may be in, it really is about the environment, if that makes sense to you. But that comes part and parcel in being honest with yourself and knowing yourself. And so I talk about how do you take time to figure that out about yourself? Not only is it looking back through kind of your past experiences, but being open to the fact and allowing yourself a little room to explore new things, to see what you might be interested in.

How can someone, you know, learn? And you know, is it possible to learn to overcome the fear of failure?

You know, failure is a huge motivator for me, even today and most things. And I can honestly tell you I've failed at some things and my feelings are hurt and bruised for a little while. But then you got to pick yourself up and brush yourself off. And usually it is those circumstances where I'm able to apply what I learned in order not to fail the next time. But I will tell you, fear is normal. The fear of failure is normal. But what we have to guard against is allowing it to stop our progress, to impede our progress, to impede that next step. So I actually like to use a little trick where I spin it, spin the fear wheel a little bit and say instead of it's stopping me from trying something, I'm going to try it and then be. Unless the fear of failure propel me over the top.

Mm.

So I'm already making the leap. I just gotta work.

To get over because I don't want to fail. And it's usually that extra push that pushes you to the next level. And you're like, hey, it wasn't, I mean it was, it was tough. I was, I might have fallen flat on my face, but I didn't. I got it. And then you spin it one more time for your next step.

Eve, give out your website if you would tell people where they can get the book. And the website I have listed on Your appointment is heat.com for the Miami Heat. But I have a feeling you have another one.

I do. I do. Folks can stay in touch with me at Evewright W R I G H T us all one word and the book and information about me and I will do blogs periodically and do some speaking engagements. Would love to see folks out at those things or they can feel free to email me. The book is for. Well is lifespeed Passion. All one word dot com.

Fantastic. Well, Eve Wright, thank you so much for joining us.

So George Gammon, Jason Hartman and I have. We've created a high level mastermind group called the Collective. The goal of the Collective is for you to learn from the three of us as well as of course the other members on how to build and more importantly, how to maintain your wealth. In this video we're going to go into detail about what the Collective is and what it can do for you. Enjoy. So I'm Ken McElroy. I've been in real estate for over 30 years. Started with a two bedroom, two bath using my own money and now I own over a billion dollars worth of real estate that I bought over the years. Built a big company. We have a construction company, a development company, a property management company and of course an investment company and typically now we syndicate and work with large, both private and public institutions for the equity and the debt. And so what I bring to the collective is how to scale, how to grow. Starting with one really small property with no experience at all and growing it into an organization which I've been able to do that basically runs almost without me. So that's what I'm going to bring to the collective. We decided to start the collective because one I met George Gammon and George brings a very interesting perspective about the economy and the Fed and the way money works and bitcoin and alternative types of investments, which quite honestly I was super focused on real estate almost the entire time and even I want to be a little bit more diverse. So when I talk to George and to Jason, they're always doing very, very different things. On the investment side, Jason specifically is more focused on the single family housing and what's going on in that market so that we could collaborate and have different viewpoints on different things. And so that's why I thought the collective would be good because I think everybody's kind of searching for the same kinds of, of answers. So the collective means to me basically the collective group, the whole. And I've always been a big believer of team and collaboration. So for me it really means collaboration of everyone kind of coming into a room and learning from each other based on their individual highs and their individual lows and to be very, very respectful of all their independent views on things and to be more open minded, transparent and authentic. So I cannot wait for the group to get together each and every quarter because we all have very different walks of life that we're going through. And so it's very, very cool to get into one room with like minded people. I think the right person for the collective is somebody who's into personal development, somebody who's trying to be a better individual, somebody who's trying to, to have that work life balance, trying to figure out good decision making on the investment side, specifically good decision making on the personal side perhaps certainly on their health and on their wealth. The members that have already signed up are people typically that have businesses that they're growing, businesses that they've started or businesses that they've sold. So typically their higher network worth and they're trying to figure out what to do with their money. They're probably a little bit afraid of inflation, they're probably a little bit concerned about where to invest and they're obviously looking at real estate as one component. Somebody that's trying to do the right things. Both on the personal side and on the financial side. So some of the experiences that members can expect to get out of the collective are certainly the network. And I think that's always super powerful. I've been involved in groups like this before like EO and ypo, the Entrepreneurs Organization, and ypo which is Young Presidents Organization, which is kind of a peer to peer network. And I that's what I envisioned and I think people are going to certainly get that out of there. They're going to have lifelong friends for sure from this and they're going to meet people at every single event. But also we're going to have fun. So as an example, things like race car driving and doing all kinds of really cool things and meeting celebrities and things like that, that and fashion shows are going to be part of it. So it's kind of a how do we have fun and learn together? And we're going to have that at each and every event. So thanks for watching. If you guys are interested, there's a link below you can click on. It'll take you right to the website which has a load of information on exactly what the collective is, where the next events are, and what exactly you'll be getting if you become a member. Thanks for watching.

I've never really thought of Jason as subversive, but I just found out that's what Wall street considers him to be.

Really? Now how is that possible at all?

Simple. Wall street believes that real estate investors are dangerous to their schemes because the dirty truth about income property is that it actually works in real life.

I know. I mean, how many people do you know? Not including insiders who created wealth with stocks, bonds and MU mutual funds. Those options are for people who only want to pretend they're getting ahead.

Stocks and other non direct traded assets are a losing game for most people. The typical scenario is you make a little, you lose a little and spin your wheels for decades.

That's because the corporate crooks running the stock and bond investing game will always see to it that they win. This means unless you're one of them, you will not win.

And unluckily for Wall Street, Jason has a unique ability to make the everyday person understand investing the way it should be. He shows them a world where anything less than a 26% annual return is disappointing.

Yep, and that's why Jason offers a one book set on creating wealth that comes with 20 digital download audios. He shows us how we can be excited about these scary times and exploit the incredible opportunities this present economy has afforded us.

We can pick local markets untouched by the economic downturn, exploit packaged commodities investing and achieve exceptional returns safely and securely.

I like how he teaches you how to protect the equity in your home before it disappears and how to outsource your debt obligations to the government.

And this set of advanced strategies for wealth creation is being offered for only $197.

To get your Creating Wealth Encyclopedia Book 1 complete with over 20 hours of audio, go to jasonhartman.com store if you.

Want to be able to sit back and collect checks every month just like a banker, Jason's Creating Wealth Encyclopedia series is for you.

This show is produced by The Hartman Media Co. All rights reserved. For distribution or publication rights and media interviews, please visit www.hartmanmedia.com or email mediaartmanmedia.com Nothing on this show should be considered specific personal or professional advice. Please consult an appropriate tax, legal, real estate, estate or business professional for individualized advice. Opinions of guests are their own and the host is acting on behalf of Platinum Properties Investor Network, Inc. Exclusively.