Jason Hartman gives us a Thanksgiving Day episode and is joined by the new podcast editor, Adam Schroeder.  Adam shares his personal journey into real estate investors. The two of them discuss how he and his wife worked through Jason’s network.  Adam also talks about his family has mission statements.  In the spirit of thanksgiving, they talk about being grateful. 

Announcer 0:00
This show is produced by the Hartman media company. For more information and links to all our great podcasts, visit Hartman media.com.

Announcer 0:13
Welcome to the creating wealth show with Jason Hartman. You’re about to learn a new slant on investing some exciting techniques and fresh new approaches to the world’s most historically proven asset class that will enable you to create more wealth and freedom than you ever thought possible. Jason is a genuine self made multi millionaire who’s actually been there and done it. He’s a successful investor, lender, developer and entrepreneur who’s owned properties in 11 states had hundreds of tenants and been involved in thousands of real estate transactions. This program will help you follow in Jason’s footsteps on the road to your financial independence day. You really can do it on now. here’s your host, Jason Hartman with the complete solution for real estate investors.

Jason Hartman 1:04
Welcome to the creating wealth show Special Edition Happy Thanksgiving, it is Thanksgiving. This is episode number 914 on Thanksgiving Day, and this is your host, Jason Hartman and I am very thankful, very grateful to have you with me today. Just always grateful. You know, I think the one of the easiest keys to success, a really easy, simple strategy. To be more successful at any area of life is to simply be grateful to express gratitude, even if you don’t express it externally to others, which ideally you would do right, just to be grateful internally in your own thoughts, in your own thoughts when you are grateful. You are a stronger, more resilient, better person who can withstand More of life’s challenges more easily. Because gratitude really gives us all a sense of perspective, doesn’t it? It helps us appreciate what we have. And if we don’t appreciate what we have, it’s very hard to ever get more. So gratitude, I think is one of these simple, easy Strategies for Success. So for this Thanksgiving Day episode, we’re not recording this on Thanksgiving Day yet here. We’re recording it just a couple of days before, but I am with our new Podcast Producer, someone I’m very grateful for. And that is Mr. Adam Schroeder. I’m at his home, the home of his wife Erin, and his whole family. Adam has four kids. You have four kids, Adam,

Adam 2:48
that I am I’m grateful for all of them. Yeah,

Jason Hartman 2:50
that’s a lot. I remember hearing a sermon in church years ago. Were the pastor at mariners church in Irvine Newport Beach, kind of right on the border technically. He was up there talking and he has four kids, by the way four boys just like you do you have four boys do

Adam 3:05
so his house is loud.

Jason Hartman 3:06
Yeah. So it’s kind of a funny parallel. Actually, I just I just remembered this Kenton was up there talking. And he says, you know, who is more happy with their life? Who is more satisfied? Is it the guy who has $4 million? Or the guy who has four kids? And Kevin says, well, it’s the guy with four kids, because if he has four kids, he doesn’t want anymore. But if he has $4 million, he might wind on $8 million. Right? four kids is enough, right?

Adam 3:35
Yeah. For us it is. People keep asking me if we’re gonna have one more make a basketball team and I just tell them if they have the basketball skills, I do be a terrible basketball.

Jason Hartman 3:45
I can’t wait to Brittany here’s this episode because her husband is a basketball coach. And of course she’s been working with us for like nine years now. And Brittany says that her her oldest Griffin is like a natural basketball player. How can that actually be hereditary? I don’t know about that. But it’s interesting nonetheless. So, Adam, when I walked into your home yesterday, stayed over last night. I got one more night here and then I’m off to my mom’s house for Thanksgiving. What I absolutely loved right away is your family mission statement on the wall. It says the Schroder family, we will and it has, you know, pictures of the family. And this is something that I remember reading one of the Stephen Covey books, the late Stephen Covey, who of course, the Seven Habits of Highly Effective People and all of his other great books, but he has a book about the family mission statement and talks a lot about mission statements and stuff. What inspired you to do that and put it on the wall? It looks awesome, by the way, thank you.

Adam 4:45
Yeah, it’s it’s really great. It was something that Aaron she might have actually gotten it from, from that but Aaron just said we were kind of in a little bit of a funk. And it was you know, we were dealing with the kids and they were kind of driving us a little bit crazy for a few weeks. If you have four kids, your content,

Jason Hartman 5:01
you don’t want any

Adam 5:02
more. And we were just thinking, you know, we need a way to show the kids what’s important to us. And a way we can just, you know, eventually just be like, you know, look at the wall. Are you following that? Right? And so we just sat down, we took, we actually split up. And I wrote down mine. And she wrote down her as like, what is important to us as a family. So she came back with a list of like, 20, I came back with a list of 20. somewhere in that range. That’s a lot of things. It is narrowed it down a bit. And we looked at where there was, yeah, we looked at where there was overlap, right? We said, Okay, well, this, if it’s important to both of us, it’s probably important for the family. And then if I don’t have it on my list, why should I have it on my list kind of thing? And we came up with what is that? 12345 679 of them listed, but some of them have ampersands because we couldn’t quite right. It hadn’t nine exactly, but so we just kind of put it up there. We figured this way when the kids like I said, when the kids get older, and whenever we have moments where we’re questioning things, look up there and be like oh, Am I doing this? Yeah. So that was the top of mine.

Jason Hartman 6:04
I absolutely love it and it’s very artfully done. It’s very tasteful. And there is your wife Aaron walking by and Aaron you’re going to come down and be on the podcast that in case you didn’t hear that folks, she said nope.

Adam 6:17
She’s uh yeah,

Jason Hartman 6:18
she’s not into this kind of stuff. She’s not doing it she’s not doing it good good stuff. It is really great to have you producing the creating wealth show now thank you I know our listeners have noticed the production quality has already increased and Adams only been on the job now what maybe three weeks what started the journey well remember

Adam 6:35
and then editing for you since sep tember of 15

Jason Hartman 6:38
of 2015. Yeah, so like to over two years now.

Adam 6:42
They hadn’t done the greeting. Well, so you’ve been asking me to do it for a little while. Yeah.

Jason Hartman 6:45
So so what we did is we switch things up. Of course, if you’re new to the show, you know, we have a whole bunch of other podcasts we produced the longevity and biohacking show. The holistic survival show. You know the American monetary Association show the young wild Show, bah, bah, bah, there’s a whole bunch of them, right. Anyway, more than enough podcasts going on over here, over 4000 episodes. I think now, there’s a lot. There’s a lot. And of course, just the creating wealth shows almost that 1000 episodes. I’m very grateful and thankful to say that, you know, after publishing for, what, 12 years now, it’s been a long time. You’re doing our other shows, but I’m really glad to have you on board doing this show. You’re just really in tune with it. You’re interested in real estate investing, and you became a client A while back

Adam 7:31
and back in February or March? Yes.

Jason Hartman 7:33
So what nine months ago you you bought your first property through us? Yeah, we bought

Adam 7:39
one in February and then we bought another one in July. I think we didn’t realize we were going to buy a second one that quickly. But we kind of looked at our bank account after a few months like oh, we we could afford another one. So let’s go ahead and do that. So we’re gonna try to keep buying one, maybe two a year. Two might be a bit of a stretch at the moment, but yeah, Aaron wants to quit. So right to work towards that. Cuz I don’t make enough.

Jason Hartman 8:00
Okay, so Well, let’s give you a little background on you know what it is you both do and so forth. So we’re here at your home in Austin, Texas, and thank you for taking me in as your guest for two nights. Absolutely. Whenever I stay at someone’s home, I never stay for more than three days. Because I remember the Ben Franklin saying, Ben Franklin was just super wise one of our founding fathers obviously, Ben Franklin said, houseguests are like fish, they begin to smell after three days. So it’s I’ve never I don’t ever want to work out my welcomes. I’m on my way to mom’s house tomorrow. And, and I’m gonna see if I can do another podcast recording with Aunt Joan, who has been on the show before who’s built quite a real estate Empire. I saw that growing up and then my mom has built a decent real estate Empire herself. You know, I grew up with that. So those were two great influences as real estate investors on me growing up.

Adam 8:52
I don’t think anybody in my family has real estate in their portfolio my uncle might have Well, I think my had one but it was because when my mom’s father passed away, he got those. But they sold those since then. So we’re actually I think the only people in our family who have rental properties, and it’s been a bit of an adjustment.

Jason Hartman 9:12
Well, I’m guessing there’s really only one in your family who has a family mission statement on your wall in your room too, right? Yes,

Adam 9:17
that’s cool. So you are taking leadership in both of these things, and you and your families. So that’s great. We got all the Oh, you’re gonna be a slumlord jokes whenever we first started investing, no, no, I’ve seen pictures. That’s a nice house. Sorry. Yeah.

Jason Hartman 9:31
I hate to break it to you. And listen, if you know a lot of that is just silly. People that don’t understand the way things work. You know, it’s armchair quarterback criticism. You know, it’s always out there. It’s, it’s just part of human nature. It’s part of the way we all are. I don’t do that. So it’s weird. Yeah, yeah, exactly. Yeah, that’s, that’s what they think.

Adam 9:50
Okay, so you’ve got two properties now and are they both in Memphis? They are. They’re both in Memphis. They’re about 10 or 12 miles apart. They’re, they’re both there and they’re both rented. Thankfully, we had our first our first home was rented when we bought it a second home, they were still renovating it. Right. And so we had one month that it was not rented. I got rented out. So right, we’ll get our first payment from that and early December.

Jason Hartman 10:14
Good stuff. That’ll be nice. And

Adam 10:15
tell us about those deals like how much were they and how much do they rent for and tell us about your experience. The first one we bought, we went on the low end because we weren’t It was one of those. I guess we’re gonna get in this phase new. Maybe you are a slumlord. So we bought it, it was it was listed at 55. But the appraisal came in low and so they dropped it to 53. So we bought it for 53. And it rents it started renting at 695. Their lease ended in September and they actually the property manager up the rent to 725. Awesome. So we’re getting that and we second when we bought

Jason Hartman 10:50
you’re doing a lot better than 1% on that. Yeah. gratulations it was 1.3 or so whenever we originally bought so we’re probably up to about one four. And we’re Of course talking about the RV ratio or Right now your ratio. Yeah.

Adam 11:01
And our second one was 76. Nine. And again, the appraisal came in a little lower. So they dropped it to 75 I believe, yeah. 75. And that rents for they just rent it out for 850. Mm hmm.

Jason Hartman 11:15
Fantastic. So another one. Yeah. Good. Good stuff. Good to hear. You mentioned the appraisal thing. And I tell you something that is a common challenge nowadays. I’d say our two biggest challenges in the business nowadays are number one, getting any inventory of properties at all to sell inventory is obviously very scarce. Very limited. In all my years doing this since I was 19 years old, in the traditional business and the last, what, 13 years in the investment only business for 14 years, almost really, you know, I have never seen inventory this tight. This has got to be the lowest level of supply of housing I’ve ever seen. And so that’s super challenging. But the other problem is the appraisals don’t come in Because the appraisers are always looking in the rearview mirror, and so they’re looking at comps for properties that are, you know, four months old, six months old, whatever, and they just can’t bring the appraisals in. And you know, it makes the buyer think on one hand while I mean I like it when people finance properties because that appraisal acts as a safeguard. In fact, I would even encourage some of our cash buyers to get an appraisal, you know, but the problem is you can’t take the appraisal as the gospel, because it’s just not it’s always a rearview mirror picture. Okay, in an accelerating market. And when you have a, you know, very quickly accelerating market, it just doesn’t work a lot of times. So, one example that we had just the other day This was Kerry’s client, is we had an appraisal that was, I think, $7,000 apart. My suggestion to Carrie when she came to me was, why don’t you see if the client will go up? The client didn’t want to go up and split it. Okay, they didn’t want to quite go that far. I said, What do you see if the client will go up by $2,000 and the local Market specialists come down by 5000. And in this particular case, that worked, they agreed. So it doesn’t always have to be an even split. But folks, if your appraisal doesn’t come in, you’re probably gonna have to pay some extra money. Yeah, we were expecting to have to pay at least half but they just they agreed willing, they’re there. Well, they didn’t even agree. They just said, we’ll drop it down to the appraisal. We didn’t even ask that. So we don’t have we were okay with that. Yeah, but everybody listening, don’t expect that.

Adam 13:25
Okay, that we were fully expecting to have to

Jason Hartman 13:28
at least meet in the middle kick in some extra money to meet the appraisal halfway or something. Yeah. Interesting. Okay, so that was, that’s what happened on the acquisition, and those are both rented down. Sounds like they’re going pretty well.

Adam 13:40
Yeah. They’re going like, Oh, well, we have zero plans and going to see anytime soon. We don’t have any family vacations planned in Memphis, we just did our

Jason Hartman 13:47
California Memphis is not a hot vacation spot. Imagine that. Well, you know what it is, if you like music and Elvis and you know,

Adam 13:54
maybe when the kids get a little older right now, between seven and almost three, so it’s not really the Seen for Yeah, yeah, right. Right,

Jason Hartman 14:02
right. They’re a little older. But you went on a big vacation and you actually drove all over the place to California and back and wow, that’s,

Adam 14:10
that’s when you want to talk. You want to talk gratitude. That was one of the things Aaron mentioned to you her vacation policy that her job has, and that has been a blessing. She gets six weeks a year, and we’re able to take two weeks and go, we went to Carlsbad Caverns, we went to white sands. We did a weekend in San Diego just kind of hanging out, we went to the beach. Then we went to LA for a day just got to hang out. saw some old friends saw my cousin’s that I hadn’t seen in 20 plus years. And one of the things you said to me last night is you realize how grateful you are not to live in Los Angeles.

Jason Hartman 14:43
Me, me to having grown up where I’m grateful now I live in LA.

Adam 14:47
Yeah, I grew up there from late 80s, early 90s. And I always thought since I moved back to Austin, like, Oh, I shouldn’t move back to California and the weather was great. I liked it there and then I went back and actually drove in LA and I was like, I Hilarious We’re leaving. I said, if I ever talked about living in LA again, just remind me of this traffic because when it takes an hour and a half in a random early afternoon to go 20 miles, I don’t know, it might take an hour and a half to go 12 miles.

Jason Hartman 15:11
I mean, it’s just yeah, LA is beyond time and the hassle factor. I just, it’s just too high on the hassle factor. I’ve always wondered like, it’s an oddity about real estate. I have this theory that the price of real estate drives everything. I mean, maybe not everything but a lot of things in life, right? It drives how long it takes to wait to get a table in a restaurant. How hard it is to find a parking space, how bad the traffic is, of course, it drives that obviously, it drives what the job pays in that market. It drives whether or not you can get a table and sit and leisurely drink your coffee at the coffee shop or if you have to stand and if you look at places like New York City, you know like Manhattan Especially when they don’t even offer you chairs there. Oh, it’s, you know, I just don’t understand. Like, there’s a lot of like things that really just don’t make sense in the world, right? Why is it that these really expensive places are really hard to live in? Like, I think one of the easiest places to live is Phoenix. I love out of all the places I’ve lived in my life, which the list is growing, okay. I mean, I grew up in LA, I lived in Orange County as an adult, but I moved around a lot in Irvine in Newport Beach, buying and selling houses for many years. I kind of live in them and sort of speculate as I live there in Irvine in Newport coast and stuff. And then I moved to Arizona in 2011. And essentially live there really for six years. But I had a short stint where I moved back to San Diego for a little tax write off, talked about it on the show before, but of all these places I’ve lived. It’s odd to me that places like LA, and you know, I’ll take New York City as two good examples of this. I think Both of those places are very hard to live, right? They’re high on the hassle factor. resources are scarce. Everything is like wait in line for everything. It’s just a lot of people competing for very limited resources. Yet these places are super expensive. And, you know, I kind of say, look, there are 11 states, I think in the country that are no income tax states, we’re in one of them, Texas. I live in one of them now, Nevada. And I say, reduce your expense if you can live or make it your goal to live someday in a no income tax state. And a lot of these places are very pleasant, easy to live places with low real estate costs, reasonably low cost of living, reasonably good weather, no state income taxes. I just kind of don’t get it Why people live in some of these other places. Now, I know that you know, if you live in New York City, you’re mostly around a bunch of really smart People, but Austin is no shocker for that. I mean, Austin has like, you know, freeze to death out there. Yeah. And you just sweat to death. Maybe. Fair enough. But you know, everybody, hey, New York in the summer is pretty darn tough. Okay. But you know, you have a very educated population here. I mean, there’s a lot of really smart, interesting people in places like Austin. I mean, there are in San Francisco too. Now. I had dinner with Tim Ferriss. Last time I was here just a month ago or so he moved from the Bay Area to Austin, and got this same kind of sort of a population in both places, but one is massively more expensive to live in. And that’s the Bay Area, San Francisco, of course, not just the real estate prices and the general cost of living but the government. You know, if you’re successful in California, you’re paying 13.3% to the Socialist Republic of California. Here you pay zero.

Adam 18:55
You know, you just paid in your property taxes. I mean, it’s

Jason Hartman 18:58
Yeah, but you pay it there, and you Property taxes do even though you’ve got prop 13, which is probably one of the things that have fundamentally saved the California real estate market. Okay. Howard Jarvis back in the late 70s. proposition 13 made it hard to raise taxes. They still have special assessment districts called mello roos, and so on and so forth. bond issues and such. But you pay it in your property taxes there too, just because the values are so high. So the percentage may be lower, but the price is so much higher that you’re paying it either way. But hey, before we go too far afield into the real estate discussion. Remember it is Thanksgiving Day, we’re releasing this episode, and I want to talk a little bit about gratitude. Okay, so you’re familiar with Prager, you? And I love some of Gregory’s videos. This is Dennis Prager, who I’ve met before he used to endorse us on the radio when he was on KTLA and he’s just done a great job with Prager you. So, I want to play this little video and Adam and I’ll just have a little armchair quarterbacking. comment on it and so forth. And then we’ll kind of wrap it up. Okay, so here we go.

Adam 20:05
How many times have you heard someone say they want to make a better world? It is a noble sentiment, but very hard to achieve, right? Well, actually, it’s quite easy. All we have to do is increase just one human trait. This trait is so powerful, that it alone can make people happier without working on their happiness and make them better. And by better I mean more generous, more honest, more kind more everything good. Without a single lesson and morality. So then what is this one almost magical thing. drumroll please. It’s gratitude. You can’t be a happy person if you aren’t grateful. And you can’t be a good person if you aren’t grateful. Almost everything Good flows from gratitude and almost everything bad flows from in gratitude. Let’s begin with in gratitude. Here’s a rule of life in gratitude guarantees on happiness. It is as simple as that. There isn’t an ungrateful, happy person on earth, and there isn’t an ungrateful, good person on earth. There are two reasons. Reason one is victimhood in gratitude always leads to or comes from victimhood. ungrateful people by definition, think of themselves as victims. And perceiving oneself as a victim or perceiving oneself as a member of a victim group may be the single biggest reason people hurt other people from hurtful comments to mass murder. People who think of themselves as victims tend to believe that because they’ve been hurt by others, they can hurt others. The second reason ungrateful people aren’t good People is that in gratitude is always accompanied by anger. The ungrateful are angry, and angry people lash out at others. If in gratitude makes people unhappy and mean, then gratitude and most make people happy, and kind. And so it does. Think of the times you have felt most grateful. Were they not always accompanied by a feeling of happiness? Or aren’t they also accompanied by a desire to be kinder to other people? The answer, of course, is yes. Grateful people aren’t angry, and they don’t see themselves as victims. The problem however, and it’s a big one is that in America and much of the rest of the world, people are becoming less grateful. Why? Because people are constantly told that they are entitled to things they haven’t earned, what are known as benefits entitlements. And the more things that people think they should get, the less grateful they will be for whatever they do get, and the more angry and therefore unhappy they will be when they don’t get them. Here are two rules of life. Rule number one, the less you feel entitled to, the more gratitude you will feel for whatever you get, and the happier you will be. Rule number two, the more you feel entitled to, the less happy you will be. That’s why for example, children who get whatever they want, are usually less happy children. We have a word for such children spoiled and no one thinks of a spoiled child as a happy child, and certainly not a kind one. The more that you feel that life or society owes you, the angrier you will get, the less happy you will be. As a result, we are increasing the number of angry, unhappy and selfish people. The other way we are making people unhappy and even meaner is by cultivating a sense of victimhood. People are constantly told that they are victims because of their upbringing, because of past prejudice against their group, because of material and equality, because they are female, and for many other reasons. Next time you want to assess any social policy, ask this question first. Will this policy increase or decrease gratitude among people, you will then know whether it is something that will bring more goodness and happiness to the world or less. If I were granted one wish, it would be that all people be grateful. Gratitude is the source of happiness and the source of goodness. And the more good people and the more happy people there are walking around, the happier and better our world will be.

Adam 25:01
If you have a way of achieving such a world without increasing gratitude, let me know what it is. I’m Dennis Prager.

Jason Hartman 25:11
Well, Adam, isn’t that awesome. I love how concise Dennis Prager does that. You know, when I used to listen to him on the radio many years ago, he had what he called the happiness hour. And his whole contention was that if you want to make the world a better place, a lot of people want to make the world a better place, right? The first thing you can do is become a happy person. Because happier people, just by nature of them being happy. If they do nothing else contribute nothing else. They will make the world a better place because they’re just better to be around, right? Oh, and

Adam 25:43
yeah, one of the things that I whenever I’m feeling down and ungrateful is I try to think of the things that I actually have. Yeah, it’s kind of like what you talked about whenever you’re saying the resource. You don’t realize the resources you have. But I just think I’m like, okay, we have a house. I’ve got happy healthy kids. Yeah.

Jason Hartman 25:59
You’re not out on the street, your kids are not saying, right, we’ve got two functioning cars, right? You know, my wife has a job, kind of start going over the list and you’re already richer than two thirds of planet Earth than two thirds of humanity. Like you’re you’re way richer.

Adam 26:14
You know, I mean, yeah, we won the lottery because we live in the United States for the most part. I mean, you know, you’re already in the top 5%. Yep, just living here instead of someone

Jason Hartman 26:25
that just got a new president. Maybe it’ll get better now that Mugabe is gone. But no, it’s another subject. Let’s do that later. Go ahead. So

Adam 26:32
yeah, I mean, it’s just, it’s important to look at just kind of take a survey when you are grateful for something. I mean, the thing about the spoiled kids is true. I mean, our kids, as you’ve seen have so many toys, your kids have a lot of so many toys they do but in fairness, they don’t ask for more for the most part. Now, they and they only, they only play with a third of them at most anyway. So but we limit what they can bring in. We get the hami downs. Those are in they’re probably not going to go away. But we you know, if they start saying, I need this or I want this we just say okay, well how are you going to get it? Huh? What are you gonna use and they have their own money and we, we even have we have a rule with them. When they get money they have to save 20% they have to donate 10%

Jason Hartman 27:18
and they can keep 70% is basically Richest Man in Babylon formula.

Adam 27:21
Yeah and so they decided we adopted Liberty our dog a year ago. And our my five year old decided with all of his birthday money, he wanted the proceeds to go to Austin pets alive which is the group that was adopted her through so you know, it’s quote unquote only $36 but $27 something but it’s his money, it’s a land he knows exactly where it’s going and he chose what he was going to put his money towards.

Jason Hartman 27:49
So a couple things about that. Number one is that concept of giving and I think Tony Robbins probably express this at least for me the best I’ve Denis waitley to and Jim Rohn of course but is the concept that, you know, if you give when you donate to charity, it sets up your subconscious mind for abundance, because it tells your subconscious mind there’s more, there’s not scarcity, right? So even if you have very little, and you give something like the worst thing about being poor, and I think Earl Nightingale taught me this, back when I was 17 years old, the worst thing about being poor, is it deprives people of the inability to give. That’s got to be really difficult. Okay, that’s one concept of it. But the other concept of it that Prager was talking about in the video, is this concept of entitlement. There are so many people in the world and you know, we all feel like this from time to time. I certainly do. Okay, I’ll be the first to admit that feel like they’re owed something right. Like they deserve something. And you know, that is a big weight to carry around. Like you wouldn’t think that’s a way But when you’re like, in this mindset of, you’re owed this, you’re owed that the government, especially when it’s government, like the government has to give you something or your parents have to give you something or something like that. It is a tremendous weight. That is a burden. When you don’t have that. It’s freeing, you know, to realize that, like, nobody owes me anything. It’s free. It’s a burden to have people owe you stuff, you know, to feel that

Adam 29:31
way. I think that for the most part, because I think for the most part, people don’t want to have to have help. internally. If you look at any given person, I would say the vast majority of people in the world don’t want to have to rely on other people. I would agree with that. And so I think it’s kind of an innate human thing. I think they may not know how to do that.

Jason Hartman 29:52
And I think gratitude definitely, but then there’s a whole discussion of do you create dependency by giving people stuff, you know, like the spoiled example in the Dennis Prager video, right, is that you take away people’s ability, or at least their motivation, if not their ability to when you hand them stuff. So, there’s a certain, you know, it’s like, you can either, you know, give a man a fish or teach a man to fish, right, you know, like feed them for a lifetime or feed them for a day concert. And then that’s part of it. But in this talk, I’m just talking about the internal belief system. And that’s what Thanksgiving is about. It’s about feeling grateful for what you have in giving thanks for what you have, whatever your station in life, there are no small parts, only small actors. So don’t feel entitled. Even if you legally are entitled. Okay, and you may be right. Like, you know, if someone takes advantage of you in a business deal, right? You may well be legally entitled, but if you keep replaying in your mind how this person screwed me over that person, you know, and you Keep, like, obsessing about that. And instead of

Adam 31:03
focusing on the good things

Jason Hartman 31:04
that is on the shoulder, man, that’s awful, that’s not gonna serve you.

Adam 31:08
There are things like that, that can be put in the background and you think about the positives, because I mean, the negatives are gonna be there. You’re never gonna have a life with no negatives. But it’s all about what you focus on.

Jason Hartman 31:17
So at least one day here, at least one year,

Adam 31:22
on Thanksgiving Day, let’s just you can have a Tesla that’s falling apart in your life. Yeah, and you can still focus on me. I don’t have that anymore.

Jason Hartman 31:29
Yeah, exactly. But thankfully, I don’t have a crappy Tesla anymore. I’m so grateful for that. That’s another thing to be grateful for Thanksgiving. But you know, just really trying every day to think about what we all have and where we are. And if we are living anywhere in the Western world, you know what I often think of I have this morbid fascination with communism. I don’t know why it’s just weird. For example, remember when the iPads came out with the Great screen, what’s it called the retina display. Right? I remember when I first got my first iPad with a retina display. Do you know what I first did on that thing? I went to Google Maps and or Google Earth one or the other. And I looked at Pyongyang in North Korea, because I’m just so fascinated with it hermit regime in this dark country that like if you’ve seen the satellite at night, there’s like, no lights, the whole thing’s just dark. And dark. Yeah, South Korea, South Korea, like Britain lit up by like a clearly there’s an ocean between Yeah, no, no, it’s not. It’s not you look at it. Is there an ocean there? What’s going on? Yeah, because it’s dark. Right. And then I remember reading this article about these North Korean prison camps and the just the appalling, appalling conditions. And you know, these people that are in prison in North Korea are probably the vast majority are not even criminals. They’re just political prisoners, right? political prisoners are took a loaf of bread and then you get like 15 months hard labor just for that, or 15 years or said something wrong about the Kim family right? And you know, like you could be living in a North Korean prison camp, like that’s just a luck of the genetic dice, you know, or the geographical dice, one or the other or both. I mean, think about how if you live anywhere in the Western world in a allegedly free country, right? You are so rich by any measurement, no matter where you’re stationed in that country is, I mean, if you live in a crappy mobile home, that’s not even a double wide, okay, you have a home, and it’s warm,

Adam 33:35
and it probably electricity and it has really

Jason Hartman 33:37
long running water. And you know what, you are ahead of the vast majority of the globe’s population just right there. And that would be considered the lowest level in the US before living on the street. And even if you live in the street in the US, you’re probably better off than a lot of people. So anyway, the point is gratitude. That’s the word for the day. I don’t have anything bigger. poetic or profound to say about it. But, you know, just a nice reminder and, you know, thank you for sharing your story about building your real estate portfolio. So now you have three properties, the one in which you live here in Austin,

Adam 34:11
and our expense to rent.

Jason Hartman 34:13
And we should say your wife Erin, she’s a nurse anesthesia nurse, right? nurse anesthetist? Yeah, you guys. Are you still both in your 20s? You turn the big three.

Adam 34:23
Oh, I’m 35. She’s 34 Okay, all right. Well, she’s not 34 I didn’t say that. Okay, all right. She did she doesn’t she doesn’t hide her.

Jason Hartman 34:29
See if she would be on the podcast here and you want to be on the podcast now? I can hear the Nope. That’s funny. Anyway, Adam, thank you and welcome to the creating wealth show. Thank you for producing it and doing such a great job and I just want to wish everybody out there a very Happy Thanksgiving. If you’re not in the United States and you don’t celebrate Thanksgiving, just still celebrate it.

Adam 34:54
Yeah, just celebrated dovetail on our celebration. Just go with the name. Not the reason.

Jason Hartman 34:57
Yeah, exactly. That’s right. Happy Thanksgiving.

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