1674 FBF: 10 Commandments of Successful Investing, Denis Waitley, Tax-Favored Assets
Creating Wealth Real Estate Investing with Jason Hartman
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Show Notes
Today's Flash Back Friday comes from Episode 696, originally published in July 2016.
Jason shares his 10 Commandments of Successful Investing in this audio recording of his live presentation during the Orlando, Florida Creating Wealth Seminar and Property Tour. He looks back at getting his real estate license at the age of 19 and the decisions he made when he sold his first company. Jason has become a multimillionaire by living by these guidelines and you can too. Income property is the most historically favored asset class. Why gamble your money in stocks and bonds when you can make solid, long-term investments in the US real estate market?
Key Takeaways:
[1:55] You need to build a portfolio before you consider protecting your assets and estate planning.
[12:58] The Denis Waitley poem that changed Jason's life.
The 10 Commandments of Successful Investing Live Presentation:
[16:27] Thou shalt become educated.
[21:40] Seek guidance: Have a team including an investment counselor.
[22:56] Thou shalt maintain control.
[25:30] Thou shalt not gamble.
[27:53] Thou shalt diversify.
[29:54] Be area agnostic.
[31:02] Thou shalt use borrowed money.
[33:42] Thou shalt only invest where there is universal need - Avoid trends.
[34:35] Purchase tax-favored assets.
Mentioned in This Episode: