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The Young Wealth Show Blogcast

Jason Hartman chats with Jonathan Bender, Sramana

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The Young Wealth Show Blogcast
The Young Wealth Show Blogcast

The Young Wealth Show Blogcast

Jason Hartman chats with Jonathan Bender, Sramana

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Followers
0
Plays
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About Us

Financial Literacy for Young Adults

Latest Episodes

YW Blogcast 65 - Unemployment, Wage Growth, and Making Ends Meet

Not long ago, we worried a lot about the lack of jobs. We talked about rising unemployment rates and worried about students graduating into an economy that had absolutely no jobs to offer. We saw individuals with years of work experience and advanced degrees getting laid off, struggling to find any work. The problem we seem to be facing now is similar–still troublesome, still limiting. Now we’re left wondering where exactly the wages are. We’ve got the jobs–the labor market is approaching full employment–but wages remain the same. Logically, an increase in the number of jobs should put more pressure on wages, which would then rise. The unemployment rate is below six percent, which is a huge improvement. Unfortunately, earnings growth is nonexistent.It’s a strange occurrence, leading many to question why exactly that’s happening. Place When employment studies come out, they’re spread across an entire population. They mean that “overall” employment rates are higher. So what ...

6 MIN2015 APR 3
Comments
YW Blogcast 65 - Unemployment, Wage Growth, and Making Ends Meet

YW Blogcast 64 - How to Be Your Own Boss

The millennial generation is known for a lot of things–tech savviness, high student loan debt, a reluctance to spend forty plus hours a week in a windowless cubicle working for a boss you don’t particularly care for. The millennials and the generations to follow have the entrepreneurial bug and it shows no signs of disappearing. There’s this idea that working for yourself is the way to go, and ultimately it’s not a bad one. By taking charge of your strengths and interests, you’re responsible for your own future–your own wealth. In a still struggling job market, the idea of being your own boss can be an appealing one. What many fail to recognize is the responsibility, time, and dedication that such an undertaking requires. If you’re considering starting a business, you’ll need to be a good boss–but first you’ll need to be a good employee. There are a lot of other things you’ll need to be, too–and here’s a look at some of them. To the responsible go the spoils Sure, it ma...

5 MIN2015 MAR 26
Comments
YW Blogcast 64 - How to Be Your Own Boss

YW Blogcast 63 - The Sun Also Rises: Solar Power

There’s a lot of talk about the rising cost of energy, and you’ve probably heard discussions about solar power. Perhaps you’ve seen solar panels or billboards advocating for one side or the other. But what exactly is solar power? Simply, it’s the conversion of sunlight into electricity. Concentrated solar power systems rely on lenses and mirrors to narrow sunlight into a small beam, while Photovoltaics convert light into electric current–and both work to produce solar power. While there are still a few things to figure out in the area of solar power, we do know that the cost is falling and the potential for low-carbon energy is increasing. A brief history Commercial concentrated solar plants appeared for the first time in the 1980s. Currently the largest solar power plant finds its home in the Mojave Desert, where there’s plenty of sun. Spain, India, and the United States all have a variety of solar power plants producing at relatively large volumes. In the 1860s, development ...

6 MIN2015 MAR 19
Comments
YW Blogcast 63 - The Sun Also Rises: Solar Power

YW Blogcast 62 - Health, Wealth, and Freedom

Lottery winners have become collectively famous for their inability to manage their money upon winning. New lotto millionaires misspend and misuse, fail to invest, end up with less money than they started with. The same can be said for NFL athletes–men who beat up their bodies for wealth that frequently ends in bankruptcy or corruption. Of course, anyone can spend their money poorly–the rules of proper investing cross all levels of wealth. Jason Hartman believes in the value of real estate in building wealth–but what then? If you’re a student with a part-time job or a professional athlete with a ten year, $80 million contract, there are rules for managing your money, so take note. Rules for acquiring wealth Acquiring wealth isn’t easy–very few people strike it rich and many never experience the level of financial comfort they had once dreamed of. But it isn’t impossible–with some hard work, education, and careful investing everyone is capable of financial freedom. It isn’t ...

6 MIN2015 MAR 12
Comments
YW Blogcast 62 - Health, Wealth, and Freedom

YW Blogcast 61 - Criminals on Wall Street?

Jason Hartman has often said that Wall Street is the modern version of organized crime. And he’s not wrong–the things that happen on Wall Street are beyond deplorable. Masquerading as the place where our financial heart beats, where our cash arteries thrive with the life force of money, Wall Street is instead a bit of a hole down which we flush our financial dreams. Some pretty crazy things have gone on there, but what are the worst among them? Quite honestly, it can be hard to tell–but allow us to provide a look at some of the highlights or, more accurately, low lights. Richard Fuld You’ve probably heard Fuld’s name tossed around, and never affectionately. Initially patted on the back for his handling of the sub prime mortgage crisis, Fuld was the longest tenured CEO on all of Wall Street. While other bigwigs were forced to resign, Fuld kept his job though he drastically underestimated the spiraling housing market in the United Stated and the effect it might have on Lehman’s ...

6 MIN2015 MAR 8
Comments
YW Blogcast 61 - Criminals on Wall Street?

YW Blogcast 60 - The Big Money of Big Sports

You’ve probably heard a number of children respond to the question—what do you want to be when you grow up? And the answers vary, if only slightly. Many children want to be firefighters or doctors—and still more want to be professional athletes. Whether they’re gunning to drive a racecar or dribble down the court, from an early age, kids want to be professional athletes. As children, we’re probably more into it because of the cool factor—the very idea that a person could play a sport for a career is astounding (and still is). As adults, the paychecks associated with such a career may make the idea even more appealing. Professional athletes make a ton of money, though they don’t always know what to do with it. So what athletes are the highest paid in the world? Floyd Mayweather is the top earner, and he’s been making significant money for over a decade. His fights are among the most popular in history, and he earns as much as $32 million for only one fight. He’s widely consi...

5 MIN2015 FEB 27
Comments
YW Blogcast 60 - The Big Money of Big Sports

YW Blogcast 59 - The Lesson of Pacific Property Assets

We hear about it all the time–scams aimed at swindling money from innocent people. Especially targeted are the elderly, who may not be (though this is certainly changing) as familiar with technology, making them easier to take advantage of. This is happening across the country–no city, large or small, is immune to this troubling behavior. John J. Packard, of Long Beach is accused of this type of conniving behavior. He’s the co-founder of a failed apartment investment firm and will be pleading guilty to federal fraud charges. The US Attorney’s Office claims that hundreds of investors, mostly elderly, were scammed out of nearly $91 million by Packard and Pacific Property Assets–a Ponzi scheme. What exactly is a Ponzi scheme? While you’ve probably heard the term, you might not know much about a Ponzi scheme, except that it’s generally a bad idea to get involved in one and something worth staying far away from. You’re not wrong–but there is a little more to it than that. A Ponz...

6 MIN2015 FEB 20
Comments
YW Blogcast 59 - The Lesson of Pacific Property Assets

YW Blogcast 58 - The Millennial Struggle House and Home

If you participate in social media, you’ve likely seen the memes that put millennials under the microscope. Statements likethey’re uncommittedorthey spend too much time indoorshave a way of downplaying the types of jobs and job market they’re being presented with. Then again, social media has a way of taking everything to one extreme or another. In actuality, millennials do change jobs a lot. But it isn’t because they’re perpetual job hoppers without the ability to see anything through. Instead, they’re career-minded individuals with an eye for the future. When they’re moving jobs, they’re doing it for about 25% more money—every time. And what to do with this extra money? Well, Jason Hartman recommends investing in real estate. By moving from job to job, millennials are developing a diverse skill set that will serve them well in the future. The reality of the job market has been that it is difficult to immediately get a high paying job out of college—so millennials are tak...

6 MIN2015 FEB 13
Comments
YW Blogcast 58 - The Millennial Struggle House and Home

YW Blogcast 57 - The Big Money of Big Sports

You’ve probably heard a number of children respond to the question—what do you want to be when you grow up? And the answers vary, if only slightly. Many children want to be firefighters or doctors—and still more want to be professional athletes. Whether they’re gunning to drive a racecar or dribble down the court, from an early age, kids want to be professional athletes. As children, we’re probably more into it because of the cool factor—the very idea that a person could play a sport for a career is astounding (and still is). As adults, the paychecks associated with such a career may make the idea even more appealing. Professional athletes make a ton of money, though they don’t always know what to do with it. So what athletes are the highest paid in the world? Floyd Mayweather is the top earner, and he’s been making significant money for over a decade. His fights are among the most popular in history, and he earns as much as $32 million for only one fight. He’s widely consi...

5 MIN2015 FEB 7
Comments
YW Blogcast 57 - The Big Money of Big Sports

YW Blogcast 56 - The Real Reason Billionaires’ are Dumping Stocks

Like rats leaving the Titanic, billionaires’ Warren Buffett, John Paulson, and George Soros have been quietly divesting their portfolio of of stocks. The question is why? The stock market is in the midst of a historic rally, real estate prices have been showing signs of strength in some areas, and unemployment, if not exactly improving, at least seems to have stabilized somewhat. So why the rush for these financial titans to get out of stocks? Is it possible they don’t know what they’re doing? Ha! Possible but not likely. The more probable reason is that they’re paying attention to something that the majority of investing schlubs haven’t noticed yet. In fact, there is a specific bit of research from a well-respected source that indicates the stock market is set to correct itself soon, perhaps by as much as 90%. Before you dismiss the number as ludicrous, consider the source. This prediction comes from Robert Wiedemer, the man who correctly called the most recent housing market ...

3 MIN2013 JUN 20
Comments
YW Blogcast 56 - The Real Reason Billionaires’ are Dumping Stocks

Latest Episodes

YW Blogcast 65 - Unemployment, Wage Growth, and Making Ends Meet

Not long ago, we worried a lot about the lack of jobs. We talked about rising unemployment rates and worried about students graduating into an economy that had absolutely no jobs to offer. We saw individuals with years of work experience and advanced degrees getting laid off, struggling to find any work. The problem we seem to be facing now is similar–still troublesome, still limiting. Now we’re left wondering where exactly the wages are. We’ve got the jobs–the labor market is approaching full employment–but wages remain the same. Logically, an increase in the number of jobs should put more pressure on wages, which would then rise. The unemployment rate is below six percent, which is a huge improvement. Unfortunately, earnings growth is nonexistent.It’s a strange occurrence, leading many to question why exactly that’s happening. Place When employment studies come out, they’re spread across an entire population. They mean that “overall” employment rates are higher. So what ...

6 MIN2015 APR 3
Comments
YW Blogcast 65 - Unemployment, Wage Growth, and Making Ends Meet

YW Blogcast 64 - How to Be Your Own Boss

The millennial generation is known for a lot of things–tech savviness, high student loan debt, a reluctance to spend forty plus hours a week in a windowless cubicle working for a boss you don’t particularly care for. The millennials and the generations to follow have the entrepreneurial bug and it shows no signs of disappearing. There’s this idea that working for yourself is the way to go, and ultimately it’s not a bad one. By taking charge of your strengths and interests, you’re responsible for your own future–your own wealth. In a still struggling job market, the idea of being your own boss can be an appealing one. What many fail to recognize is the responsibility, time, and dedication that such an undertaking requires. If you’re considering starting a business, you’ll need to be a good boss–but first you’ll need to be a good employee. There are a lot of other things you’ll need to be, too–and here’s a look at some of them. To the responsible go the spoils Sure, it ma...

5 MIN2015 MAR 26
Comments
YW Blogcast 64 - How to Be Your Own Boss

YW Blogcast 63 - The Sun Also Rises: Solar Power

There’s a lot of talk about the rising cost of energy, and you’ve probably heard discussions about solar power. Perhaps you’ve seen solar panels or billboards advocating for one side or the other. But what exactly is solar power? Simply, it’s the conversion of sunlight into electricity. Concentrated solar power systems rely on lenses and mirrors to narrow sunlight into a small beam, while Photovoltaics convert light into electric current–and both work to produce solar power. While there are still a few things to figure out in the area of solar power, we do know that the cost is falling and the potential for low-carbon energy is increasing. A brief history Commercial concentrated solar plants appeared for the first time in the 1980s. Currently the largest solar power plant finds its home in the Mojave Desert, where there’s plenty of sun. Spain, India, and the United States all have a variety of solar power plants producing at relatively large volumes. In the 1860s, development ...

6 MIN2015 MAR 19
Comments
YW Blogcast 63 - The Sun Also Rises: Solar Power

YW Blogcast 62 - Health, Wealth, and Freedom

Lottery winners have become collectively famous for their inability to manage their money upon winning. New lotto millionaires misspend and misuse, fail to invest, end up with less money than they started with. The same can be said for NFL athletes–men who beat up their bodies for wealth that frequently ends in bankruptcy or corruption. Of course, anyone can spend their money poorly–the rules of proper investing cross all levels of wealth. Jason Hartman believes in the value of real estate in building wealth–but what then? If you’re a student with a part-time job or a professional athlete with a ten year, $80 million contract, there are rules for managing your money, so take note. Rules for acquiring wealth Acquiring wealth isn’t easy–very few people strike it rich and many never experience the level of financial comfort they had once dreamed of. But it isn’t impossible–with some hard work, education, and careful investing everyone is capable of financial freedom. It isn’t ...

6 MIN2015 MAR 12
Comments
YW Blogcast 62 - Health, Wealth, and Freedom

YW Blogcast 61 - Criminals on Wall Street?

Jason Hartman has often said that Wall Street is the modern version of organized crime. And he’s not wrong–the things that happen on Wall Street are beyond deplorable. Masquerading as the place where our financial heart beats, where our cash arteries thrive with the life force of money, Wall Street is instead a bit of a hole down which we flush our financial dreams. Some pretty crazy things have gone on there, but what are the worst among them? Quite honestly, it can be hard to tell–but allow us to provide a look at some of the highlights or, more accurately, low lights. Richard Fuld You’ve probably heard Fuld’s name tossed around, and never affectionately. Initially patted on the back for his handling of the sub prime mortgage crisis, Fuld was the longest tenured CEO on all of Wall Street. While other bigwigs were forced to resign, Fuld kept his job though he drastically underestimated the spiraling housing market in the United Stated and the effect it might have on Lehman’s ...

6 MIN2015 MAR 8
Comments
YW Blogcast 61 - Criminals on Wall Street?

YW Blogcast 60 - The Big Money of Big Sports

You’ve probably heard a number of children respond to the question—what do you want to be when you grow up? And the answers vary, if only slightly. Many children want to be firefighters or doctors—and still more want to be professional athletes. Whether they’re gunning to drive a racecar or dribble down the court, from an early age, kids want to be professional athletes. As children, we’re probably more into it because of the cool factor—the very idea that a person could play a sport for a career is astounding (and still is). As adults, the paychecks associated with such a career may make the idea even more appealing. Professional athletes make a ton of money, though they don’t always know what to do with it. So what athletes are the highest paid in the world? Floyd Mayweather is the top earner, and he’s been making significant money for over a decade. His fights are among the most popular in history, and he earns as much as $32 million for only one fight. He’s widely consi...

5 MIN2015 FEB 27
Comments
YW Blogcast 60 - The Big Money of Big Sports

YW Blogcast 59 - The Lesson of Pacific Property Assets

We hear about it all the time–scams aimed at swindling money from innocent people. Especially targeted are the elderly, who may not be (though this is certainly changing) as familiar with technology, making them easier to take advantage of. This is happening across the country–no city, large or small, is immune to this troubling behavior. John J. Packard, of Long Beach is accused of this type of conniving behavior. He’s the co-founder of a failed apartment investment firm and will be pleading guilty to federal fraud charges. The US Attorney’s Office claims that hundreds of investors, mostly elderly, were scammed out of nearly $91 million by Packard and Pacific Property Assets–a Ponzi scheme. What exactly is a Ponzi scheme? While you’ve probably heard the term, you might not know much about a Ponzi scheme, except that it’s generally a bad idea to get involved in one and something worth staying far away from. You’re not wrong–but there is a little more to it than that. A Ponz...

6 MIN2015 FEB 20
Comments
YW Blogcast 59 - The Lesson of Pacific Property Assets

YW Blogcast 58 - The Millennial Struggle House and Home

If you participate in social media, you’ve likely seen the memes that put millennials under the microscope. Statements likethey’re uncommittedorthey spend too much time indoorshave a way of downplaying the types of jobs and job market they’re being presented with. Then again, social media has a way of taking everything to one extreme or another. In actuality, millennials do change jobs a lot. But it isn’t because they’re perpetual job hoppers without the ability to see anything through. Instead, they’re career-minded individuals with an eye for the future. When they’re moving jobs, they’re doing it for about 25% more money—every time. And what to do with this extra money? Well, Jason Hartman recommends investing in real estate. By moving from job to job, millennials are developing a diverse skill set that will serve them well in the future. The reality of the job market has been that it is difficult to immediately get a high paying job out of college—so millennials are tak...

6 MIN2015 FEB 13
Comments
YW Blogcast 58 - The Millennial Struggle House and Home

YW Blogcast 57 - The Big Money of Big Sports

You’ve probably heard a number of children respond to the question—what do you want to be when you grow up? And the answers vary, if only slightly. Many children want to be firefighters or doctors—and still more want to be professional athletes. Whether they’re gunning to drive a racecar or dribble down the court, from an early age, kids want to be professional athletes. As children, we’re probably more into it because of the cool factor—the very idea that a person could play a sport for a career is astounding (and still is). As adults, the paychecks associated with such a career may make the idea even more appealing. Professional athletes make a ton of money, though they don’t always know what to do with it. So what athletes are the highest paid in the world? Floyd Mayweather is the top earner, and he’s been making significant money for over a decade. His fights are among the most popular in history, and he earns as much as $32 million for only one fight. He’s widely consi...

5 MIN2015 FEB 7
Comments
YW Blogcast 57 - The Big Money of Big Sports

YW Blogcast 56 - The Real Reason Billionaires’ are Dumping Stocks

Like rats leaving the Titanic, billionaires’ Warren Buffett, John Paulson, and George Soros have been quietly divesting their portfolio of of stocks. The question is why? The stock market is in the midst of a historic rally, real estate prices have been showing signs of strength in some areas, and unemployment, if not exactly improving, at least seems to have stabilized somewhat. So why the rush for these financial titans to get out of stocks? Is it possible they don’t know what they’re doing? Ha! Possible but not likely. The more probable reason is that they’re paying attention to something that the majority of investing schlubs haven’t noticed yet. In fact, there is a specific bit of research from a well-respected source that indicates the stock market is set to correct itself soon, perhaps by as much as 90%. Before you dismiss the number as ludicrous, consider the source. This prediction comes from Robert Wiedemer, the man who correctly called the most recent housing market ...

3 MIN2013 JUN 20
Comments
YW Blogcast 56 - The Real Reason Billionaires’ are Dumping Stocks
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