Solomon Success » Podcast

Dennis Miller is the author of Retirement Reboot and talks to Jason on his research on retirees and investing. Dennis surveyed Casey Research readers about what they thought the real inflation number was and over 3,000 people responded to the survey. Jason and Dennis both agree that there's no such thing as 'sit it and forget it' investments and you must become an active money manager in order to survive the coming years. 

 

Key Takeaways:

[1:40] Many people are approaching their golden years with not enough capital. 

[4:45] Jason introduces Dennis Miller. 

[7:30] Dennis used to be a passive saver, now he is an active money manager. 

[9:35] People who have done the right thing all of their life are getting burned.

[10:45] Dennis surveyed his subscribers and asked what was the 'true' inflation number. 

[12:00] What can people do? 

[15:15] Investing in metals is a defensive strategy, not an offensive strategy.  

[22:35] Gold will hold its value. 

[25:45] There is no such thing as a 'set it and forget it' investment. 

[33:00] Baby Boomers aren't in debt, they've been savers most of their lives and will eventually get hurt in an inflationary environment. 

 

Mentioned In This Episode:

Millersmoney.com

 

Millersmoney.com/FreeBook

Direct download: SS_82.mp3
Category:general -- posted at: 10:43am EDT

Dr. Jerome Corsi is a Senior Staff Reporter for World Net Daily where he works as an investigative reporter. Jerome is also a New York Times bestseller of the book entitled Unfit for Command. Jason and Jerome have a quick conversation about the national debt and how Obama plans to pay for it by using citizen's 401k  and IRAs. Jason then interviews Phil from Dallas and answers some of his real estate investment questions. 

 

Key Takeaways:

[4:30] What are Jerome's thoughts on the potential power grab of our 401ks? 

[7:00] How would the government be able to take people's 401ks? 

[10:05] How can people protect themselves from this? Be sure to diversify. 

[10:45] Jason introduces Phil to the show. 

[15:40] Jason shares his personal story on how he got into real estate investing. 

[22:30] It's so easy to start a business these days. Jason recommends two books to read. 

[27:10] Spend your money as much as possible on things that create wealth. 

[28:40] It takes roughly $20,000 or so to buy your first property. 

[33:45] Phil and Jason talk about Bitcoin. 

 

Mentioned In This Episode:

The $100 Startup by Chris Guillebeau 

 

The Lean Startup by Eric Ries 

Direct download: SS_81_JeromeCorsi.mp3
Category:general -- posted at: 3:12pm EDT

Dr. Pete Sulack is the founder and majority owner of one of the largest clinics in North America, Exodus Chiropractic International. His office has seen more than 1,000,000 patient visits over the last 13 years. Pete is also an UN ambassador and the author of The Joseph Blessing: Change the World with Your God-Given Dream. Pete talks to Jason on embracing your weaknesses, having faith in God, and overcoming anxiety. 

 

Key Takeaways:

[1:55] Pete is an ambassador for the UN and explains what he does for them. 

[4:10] You can say that part of the Bible is an excellent finance guide. 

[5:50] Pete explains what he means by fighting spiritual battles with earthly armor. 

[7:50] You will have more freedom when you embrace what you're weak at. 

[8:55] Shouldn't we have a certain level of confidence and ego? Why is that bad? 

[12:30] Embrace your weaknesses and you'll find people who are strong where you are weak.

[14:30] Pete sees a lot of worry and anxiety in his patients. Have faith in God and he'll give you a sound mind. 

 

Mentioned In This Episode:

http://matthew10.com

 

http://uha12.com

Direct download: SS_080_Dr_Pete_Sulack.mp3
Category:general -- posted at: 3:44pm EDT

After James Altucher lost millions in the stock market, he decided to learn everything he could about trading and the Wall Street industry. He became a professional trader and then left the business for good after he realized it was 'all a big scam'. James shares some of his personal stories as a fund manager, what he does for investing today, and much more on today's episode. 

 

Key Takeaways:

[4:35] James shares a bit of his life story. 

[6:35] Wall Street is a scam and only three types of people really make money on Wall Street. 

[9:45] James invests in micro caps in the stock market. 

[12:23] Why do people still bother investing in Wall Street? James shares some of his personal stories. 

[16:20] Jason read an article about how the average hedge fund investor doesn't make any money. 

[22:58] Why don't more Wall Street crooks and criminals go to jail? 

[30:30] James does intensive due diligence before he invests in a company. 

[35:40] James shares his thoughts about the economy and the future. 

 

Mentioned In This Episode:

http://www.jamesaltucher.com

 

@JAltucher 

Direct download: SS_79.mp3
Category:general -- posted at: 7:11pm EDT

Introduction:

Jason welcomes Robert Greene to the show to talk on the subject of mastery and how to obtain it. Robert Greene is the author of the New York Times bestseller The 48 Laws of Power. He has written many books including The Art of Seduction, The 50th Law, and his latest book, Mastery. Jason and Robert discuss manipulation, seduction, and how the rapper 50 Cent is a true rag to riches story. 

 

Key Takeaways:

[4:45] What is Mastery? It's the ultimate form of power. 

[7:00] Robert lays out four steps in his Mastery book. He explains what those steps are. 

[10:15] There are no shorts to mastery. Discovering your life path takes time. 

[12:45] Robert talks about Leonardo da Vinci and his work ethic. 

[18:45] When you focus yourself outward on people's needs, you lower their defenses, and manipulate them. 

[20:00] What can 50 Cent teach us about power? He's fearless. 

[25:00] There are different forms to seduction. There's social, sexual, and political seduction.

[28:50] It's hard to apply The Art of War in to a business setting. 

 

Mentioned In This Episode:

 

http://powerseductionandwar.com/

Direct download: SS_78.mp3
Category:general -- posted at: 5:53pm EDT

Tom Antion talks to Jason on some of the common seminar scams out there. He talks about the mentality of a sociopath and how they do not have a conscience. The bad apples that run these seminars are more intelligent than the average person and they know the exact tactics, like increasing your credit card limit, to rob you of all your money and get you in debt. 

 

Key Takeaways:

[1:50] We need to use God's power and wisdom to protect ourselves from people trying to deceive us.

[6:10] Under the Anti-Slapp Motion, companies have to prove what the person is saying isn't true, before they can effectively sue them. 

[10:30] One of the seminar scams is people signing up to what they think is an application process, but it's really a contract and then they're being charged for it. 

[15:30] Seminar people test the susceptibility of the crowd and see who they can bring to 'the next level'. 

[23:35] Do your due diligence on the internet and see someone's track record first. 

[29:40] $40 million dollars disappeared from a charity and that's only from just one charity. 

[33:50] Tom talks about this three prong attack approach to internet marketing. 

 

Mentioned In This Episode:

SeminarScammers.com

ScamBrigade.com

 

Antion.com 

Direct download: SS_77.mp3
Category:general -- posted at: 2:17pm EDT

Scott Shellady is the Senior Vice President of Derivatives for the Trean Group. Scott explains to the audience what a derivative is and why it can benefit you in today's market. He also talks to Jason on his SWAGER acronym, the retirement funds of both Baby Boomers and Gen Xers, the one precenters investing in the stock market, and much more on today's episode. 

 

Key Takeaways:

[2:15] When you teach a tenant to be an owner, it will ease your burden of managing them. 

[4:50] What is a derivative? 

[11:05] What is the acronym SWAGER?

[14:15] What's happening in the art market right now? 

[23:20] What should Baby Boomers and Gen Xers do with their money? 

[28:20] We don't want to ignore the inflation problem. People should prepare for inflation. 

 

Mentioned In This Episode:

 

http://www.treangroup.com

Direct download: SS_76.mp3
Category:general -- posted at: 4:18pm EDT

Today's lesson is on having a strong philosophy when it comes to investing. Jason explains his ten commandments in front of a live audience. He talks about the importance of not being a sucker, having a strong reality check, remembering there's no such thing as easy money, and much more on today's show. 

 

Key Takeaways:

5:15 – Commandment number three, thou shalt maintain control. Be a direct investor. 

11:04 – Do you save for a rainy day? How does that work in an inflationary environment? 

20:00 – Gold, silver, and stocks are not even a contest compared to income property. 

29:30 – Government spending creates inflation and real estate investors can profit from it. 

35:40 – Avoid cheap properties because it attracts cheap tenants. 

40:55 – Buy some properties first before you start thinking about registering complex LLCs.

44:10 – Have a long term plan of 5 years, 10 years. 

 

Mentioned In This Episode:

JasonHartman.com

Direct download: SS_75.mp3
Category:Podcast -- posted at: 3:13pm EDT

Dr. Kelly McGonigal is a health psychologist and lecturer at Stanford university. Kelly is the author of The Will Power Instinct and on the show, she shares helpful insight on how people can strengthen their will power. Kelly also talks to Jason about addiction, stress, and escapism on today's episode. 

 

Key Takeaways:

2:10 – Today's lesson is about will power. 

5:00 – Will power can be trained. 

13:35 – People who believe stress isn't harmful had the lowest mortality rates. 

18:35 – Feeling a deeper connection to your future self will help increase your will power. 

22:25 – Kelly gives her thoughts on escapism. 

 

Mentioned In This Episode:

KellyMcGonigal.com

Direct download: SS_74.mp3
Category:Podcast -- posted at: 4:48pm EDT

Ginsberg discusses the bloated administrations of colleges and universities, how athletic programs are self serving, junk food eating, sport-watching programs and how tenure helps keep things balanced. He also talks on how the U.S. has taken on the attributes of a third world country and believes that Americans should be more cynical.

 

Key Takeaways:

[1:00] Lesson - Higher Education

[4:19] Introductions

[4:45] Are Senators and Congress responsible for Global Warming?:

[5:25] A look at student loan debt

[6:11] Classic inflation

[6:46] Be a cynic

[7:04] Incessant lobbying

[8:10] Student loans aren’t dischargeable in bankruptcy

[8:22] This debt is fraud

[9:33] Predatory lending by student loan representatives

[10:21] Quality of the education 

[11:18] No substitute for a good education

[12:14] State school tuitions and costs

[14:01] Bennett’s - The leading index of cultural indicators

[14:40] The Fall of the faculty

[15:37] Cutting back on courses

[16:05] The villain in higher ed costs

[16:58] Junk food eating athletic programs 

[18:14] Tenure

[19:33] What universities do best

[20:33] The U.S. Government needs an enemy

[21:38] Thoughts on Edward Snowden

[22:53] The current state of affairs

[23:53] Become a citizen and educate yourself

[26:50] Organized groups do get what they want

[28:06] A turn for the worse

[28:56] Contact Mr. Ginsberg

 

Mentioned In This Episode:

Blackboard

William Bennett- The leading index of cultural indicators

Ohio State University

Arizona State University

John Hopkins Political Science Dept. 

Direct download: SS_73.mp3
Category:Podcast -- posted at: 12:32pm EDT