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 

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/

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 

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

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

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

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. 

Jason Hartman invites Doug Conant, the author of TouchPoints, to the Solomon Success show. Doug served as a CEO and President of the Campbell Soup Company for 10 years and has a lot of interesting insight on how you can be a better leader for your team. Today's lesson is about effective leadership or servant leadership as referred in the Bible. Join us today as we learn about the effective tactics of building a closer and more authentic relationship with your employees. 

Key Takeaways:

1:45 – True leadership inspires people to take action on their own accord.

5:35 – What were some of the challenges Doug encountered when he was the CEO of Campbell's?  

10:15 – If you can create 3-5 healthy interactions a day, you can change your contribution profile in a major way.

15:40 – Doug shares a negative TouchPoint experience and then shares a positive one. 

22:00 – As a leader, you have to have character and confidence trust among your team. 

22:58 – Ronald Reagan was an excellent communicator and could instill trust on a mass scale. 

26:15 – How did Ronald Reagan do this? 

29:30 – Final thoughts? We can all do better. Do a little better today than you did yesterday.

Mentioned In This Episode:

TouchPoints by  Doug Conant

http://conantleadership.com/

For today's Solomon Success lesson, we talk about economic cycles and how it affects our wealth. Jason brings on Harry Dent, a three time guest, to talk about some of the tell-tell signs that an economic disaster is about to hit. Harry Dent talks about demographic patterns, China's ghost cities, Japan's debt problem and aging population, and much more on today's Solomon Success show. 

Key Takeaways:

1:00 – Today's lesson is about economic cycles. 

5:20 – Every bubble has taken us higher and every crash has taken us lower. 

11:05 – When young people can't afford the real estate anymore, the bubble is over. 

12:00 – Harry talks about the gold bubble and some of his predictions. 

17:10 – The stimulus is getting less and less effective. 

25:15 – The Chinese who moved from rural areas to urban areas in China are almost treated like immigrants and not considered citizens. 

29:10 – Harry talks about Japan's debt problem. 

32:40 – The US is a strong economic group and tends not to fall off a steep cliff as fast as Asia and certain European countries do. 

Mentioned In This Episode:

www.HarryDent.com

The Demographic Cliff by Harry Dent

For today's special Solomon Success lesson, our host Jason Hartman invites Jeff Desich on to the show to talk about investing your retirement money correctly and wisely. Jeff Desich is the CEO of Equity Trust, a company that has been in business for over 40 years and overseas the life savings of millions of clients. Jeff explains to the audience the difference between the various retirement options Americans can choose from, how Americas want more freedom and flexibility over their savings, and much more on today's episode. 

Key Takeaways:

2:20 – Today's lesson is about investing wisely. 

5:00 – Jason introduces Jeff Desich to the show. 

7:00 – Anybody can do a self-directed IRA. 

11:40 – Only 2% of the American market is self-directed, why is that? 

15:10 – Wall Street has a great sales force, but they sell such awful products. 

18:10 – The real estate industry is a fragmented business, Jason says to embrace this because that's what keeps the big guys out of it. 

22:00 – Equity Trust is not a fan of Checkbook Control LLCs. 

27:40 – If Equity Trust sees something that's not right with your account, they will give you a call and let you know. They're like your personal compliance department. 

31:45 – There's a special offer just for Jason's listeners at https://www.trustetc.com/offer/053

Mentioned In This Episode:

https://www.trustetc.com/

https://www.trustetc.com/offer/053