1829: Cheaper To Rent Or Own? Daniel Kwak: How Millennials Are Investing
04/13/22 • 39 min
We are swimming- and drowning in data! Today Jason shows us some charts which could give us insight into the question: is it better to own a home or rent one? But remember, the numbers don't tell the whole story so treat the data as a "benchmark."
He also talks about how Walmart's move to pay their truck drivers $110k a year and the ramifications that will have on an already competitive the market place.
He is then joined by Daniel Kwak, half of the Kwak Brothers to discuss the millennial investing mindset!
Key Takeaways:
Jason's Editorial
1:16 We're drowning in data
3:06 Join us in Dallas for a Collective Mastermind event. Go to TheCollectiveMastermind.com
4:17 Chart: Is it better to rent or own? Condo Co-op
7:42 Chart: Is it better to rent or own? Single Family Homes; Seeing these as benchmark components
10:21 The "rent versus mortgage rate" numbers are getting closer
11:11 The John Burns chart disagrees; but there are so many things they don't tell us
13:49 Join our raffle. Just leave a YouTube comment and/or apple podcast review to win a $50 Amazon gift card!
15:10 Walmart's supply chain plan: pay its truck drivers $110k- its effects on the economy
18:22 Inflation Induced Debt Destruction
Daniel Kwak Interview
19:01 Welcome Daniel Kwak
20:00 Daniel Kwak's insight into the way Millennials engage with money and investing especially after the Great Recession
22:25 Millennials prefer experiences to things
24:07 AMC and Gamestop short selling and meme cryptos
26:27 Psychology of the millennial investor
27:58 Boomers and the wealth transfer
30:04 The utility of NFTs
31:32 Pros and cons of real estate vs digital assets
33:40 What will millennials do with their inherited money?
35:04 Co-living real estate trend - is it viable?
37:38 Find Daniel at TheKwakBrothers.com
Free Class: Easily get up to $250,000 in funding for real estate, business or anything else http://JasonHartman.com/Fund
Free Report on Pandemic Investing: https://www.PandemicInvesting.com
Jason’s TV Clips: https://vimeo.com/549444172
Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect
Special Offer from Ron LeGrand: https://JasonHartman.com/Ron
What do Jason’s clients say? http://JasonHartmanTestimonials.com
Contact our Investment Counselors at: www.JasonHartman.com
Watch, subscribe and comment on Jason’s videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos
Free white paper on the Hartman Comparison IndexTM
Guided Visualization for Investors: JasonHartman.com/visualization
Jason’s videos in his other sites:
We are swimming- and drowning in data! Today Jason shows us some charts which could give us insight into the question: is it better to own a home or rent one? But remember, the numbers don't tell the whole story so treat the data as a "benchmark."
He also talks about how Walmart's move to pay their truck drivers $110k a year and the ramifications that will have on an already competitive the market place.
He is then joined by Daniel Kwak, half of the Kwak Brothers to discuss the millennial investing mindset!
Key Takeaways:
Jason's Editorial
1:16 We're drowning in data
3:06 Join us in Dallas for a Collective Mastermind event. Go to TheCollectiveMastermind.com
4:17 Chart: Is it better to rent or own? Condo Co-op
7:42 Chart: Is it better to rent or own? Single Family Homes; Seeing these as benchmark components
10:21 The "rent versus mortgage rate" numbers are getting closer
11:11 The John Burns chart disagrees; but there are so many things they don't tell us
13:49 Join our raffle. Just leave a YouTube comment and/or apple podcast review to win a $50 Amazon gift card!
15:10 Walmart's supply chain plan: pay its truck drivers $110k- its effects on the economy
18:22 Inflation Induced Debt Destruction
Daniel Kwak Interview
19:01 Welcome Daniel Kwak
20:00 Daniel Kwak's insight into the way Millennials engage with money and investing especially after the Great Recession
22:25 Millennials prefer experiences to things
24:07 AMC and Gamestop short selling and meme cryptos
26:27 Psychology of the millennial investor
27:58 Boomers and the wealth transfer
30:04 The utility of NFTs
31:32 Pros and cons of real estate vs digital assets
33:40 What will millennials do with their inherited money?
35:04 Co-living real estate trend - is it viable?
37:38 Find Daniel at TheKwakBrothers.com
Free Class: Easily get up to $250,000 in funding for real estate, business or anything else http://JasonHartman.com/Fund
Free Report on Pandemic Investing: https://www.PandemicInvesting.com
Jason’s TV Clips: https://vimeo.com/549444172
Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect
Special Offer from Ron LeGrand: https://JasonHartman.com/Ron
What do Jason’s clients say? http://JasonHartmanTestimonials.com
Contact our Investment Counselors at: www.JasonHartman.com
Watch, subscribe and comment on Jason’s videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos
Free white paper on the Hartman Comparison IndexTM
Guided Visualization for Investors: JasonHartman.com/visualization
Jason’s videos in his other sites:
Previous Episode
1828: Mortgage Rates, Unfunded Mandates & Laurence Kotlikoff's Secrets To More Money
Tangent alert right off the bat! Coco must have been a cow in her past life because she moos like one!
Today, Jason welcomes economist Laurence Kotlikoff as they talk about the US government's $220 TRILLION debt, it's UNFUNDED mandates and the consequences it will have on our economy. Watch Jason's video interview HERE. But don't tell Laurence he went to a Trump rally in Mar-a-Lago, and that he got to shake hands with "the Donald!"
Jason then shares a chart showing the history of inflation rates versus mortgage rates.
Here are the Jason Hartman Giveaway winners - week of April 4, 2022. Thank you to everyone who participated! Leave comments on Jason's YouTube Channel and reviews for The Creating Wealth Show for more chances to win weekly gift card giveaways! Claim your prize within 30 days at JasonHartman.com/ask.
YouTube - All Nighter Heider
Creating Wealth Show Podcast - Irma A.Key Takeaways:
Jason's editorial
1:54 Introducing today's guest, Laurence Kotlikoff
4:17 Mar-a-Lago event
6:32 Mortgage interest rate prediction
10:40 Raffle winners
12:12 A massive shortage of conspiracy theories
13:43 Monthly supply of houses in the US
Laurence Kotlikoff Interview
17:05 Welcome Laurence Kotlokoff
18:02 What are unfunded mandates?
19:14 Official and unofficial liabilities, Debt vs GDP
21:41 We need a sizable tax hike to fund social security benefits
24:31 Tax brackets and government benefit programs
26:07 Could we fix the system with healthcare reform?
32:36 Money printing puts pressure on prices
36:08 Russia/Ukraine, China/Taiwan - what do these conflicts mean for the economy?
38:35 The humanitarian and economic consequences of war
40:12 Stock market risk, and tips from Kotlikoff's new book: Money Magic
42:26 Don't borrow for college: it's a scam
45:21 Strategies to protect yourself in times of uncertainty
47:12 Find Laurence at Kotlikoff.net and final thoughts on Russia/Ukraine conflict
48:39 Government borrowing rates
Free Class: Easily get up to $250,000 in funding for real estate, business or anything else http://JasonHartman.com/Fund
Free Report on Pandemic Investing: https://www.PandemicInvesting.com
Jason’s TV Clips: https://vimeo.com/549444172
Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect
Special Offer from Ron LeGrand: https://JasonHartman.com/Ron
What do Jason’s clients say? http://JasonHartmanTestimonials.com
Contact our Investment Counselors at: www.JasonHartman.com
Watch, subscribe and comment on Jason’s videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos
Free white paper on the Hartman Comparison IndexTM
Guided Visualization for Investors: JasonHartman.com/visualization
Jason’s videos in his other sites:
Next Episode
1830 FBF: Dr. Bruce Weinstein - Ethics, Ethical Intelligence, Wall Street and Evaluating Character
Today's Flashback Friday is from episode 710, first published last August 8, 2016.
Bruce Weinstein Ph.D. is the President and CEO of The Ethics Guy. He is a contributor to Bloomberg Businessweek Management blog and Fortune Magazine’s Leadership Channel online. He became enamored with Plato’s Republic, especially Plato’s allegory of the cave which led him down the path of philosophy. Today, Bruce helps people determine which qualities they should develop for their careers, companies to test the character of possible employees and employees to align their goals with their company’s mission statement and core values. He is the author of several books including Ethical Intelligence: 5 Principles for Untangling Your Toughest Problems at Work and Beyond and The Good Ones: 10 Crucial Qualities of High Character Employees.
Key Takeaways:
Jason’s Editorial:
3:42 Jason summarizes the concepts of Steven Covey’s character ethic and the personality ethic.
11:30 A long time ago, your individual code of ethics could give you a long-term, sustainable business today but not today.
13:21 Information about the Software event and the Venture Alliance trips in September.
Dr. Bruce Weinstein Guest Episode:
16:49 Bruce was blown away by how dramatic and entertaining philosophy was when reading Plato’s Republic that he decided to make his career in it.
20:45 Bruce’s opinion about the business world and whether it is it more or less ethical than 20 or 30 years ago?
25:06 What are the are two approaches to doing ethics in a person’s life?
30:25 A CEO told 60 minutes last year, businesses hire for competence but fire for character.
32:25 Bruce’s new book, Ethical Intelligence includes tips for evaluating a person’s character- during an interview.
38:24 Do large companies value ethics beyond the legal requirements?
40:42 Successfully multi-tasking at more than one thing at a time is a technology driven myth.
48:14 Send Bruce Weinstein an email describing what you believe to be the most important quality of an employee is will receive a free audio book.
Mentioned in This Episode:
Ethical Intelligence: Five Principles for Untangling Your Toughest Problems at Work and Beyond
Free Class: Easily get up to $250,000 in funding for real estate, business or anything else http://JasonHartman.com/Fund
Free Report on Pandemic Investing: https://www.PandemicInvesting.com
Jason’s TV Clips: https://vimeo.com/549444172
Free Class: CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect
Special Offer from Ron LeGrand: https://JasonHartman.com/Ron
What do Jason’s clients say? http://JasonHartmanTestimonials.com
Contact our Investment Counselors at: www.JasonHartman.com
Watch, subscribe and comment on Jason’s videos on his official YouTube channel: YouTube.com/c/JasonHartmanRealEstate/videos
Free white paper on the Hartman Comparison IndexTM
Guided Visualization for Investors: JasonHartman.com/visualization
Jason’s videos in his other sites:
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