4.3 • 602 Ratings
🗓️ 5 August 2019
⏱️ 38 minutes
🧾️ Download transcript
Imagine that you’re paid $8.5 million - your entire life’s earnings - all on the last day of your life.
But you received nothing until then.
That income really wouldn’t serve you well anymore.
It’s an extreme example about “The Power Of Now”.
Delayed gratification should not be a long-term condition. You get one life.
I also discuss housing affordability: which is your income, housing prices, and mortgage interest rates.
Historically, affordable homes have a price-to-income ratio of 2.6 or less.
In just three minutes time, I tell you how the Federal Reserve works. Their ¼% interest rate cut announced last week is the first cut since 2008.
Join me in-person on our Tampa Real Estate Field Trip. Register at www.RealEstateFieldTrip.com
The Phillips Curve signifies that employment and inflation are highly correlated.
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1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book
2) Your actionable turnkey real estate investing opportunity: GREturnkey.com
3) Read my best-selling paperback: getbook.at/7moneymyths
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Resources mentioned:
GRE’s Tampa Real Estate Field Trip:
Article & Video by Keith Weinhold:
How “The Fed Works” In 3 Minutes
Book:
Eckhart Tolle “The Power Of Now”
Affordability article:
Mortgage Loans:
Turnkey Real Estate:
QRP:
JWB New Construction Turnkey:
Best Financial Education:
Find Properties:
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Keith’s personal Instagram:
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0:00.0 | Welcome to Get Rich Education. I'm your host Keith Winehold. Real estate affordability is based on your |
0:06.6 | income, the price of housing, and interest rates, also the power of now. Today on Get Rich Education. |
0:17.6 | Countless property investors get killed with maintenance costs, but that's far less likely when you buy brand new construction. |
0:24.7 | Let me tell you about JWB real estate capital in Jacksonville, Florida. |
0:28.9 | They pioneered the build-to-rent model where you can invest in new construction, turnkey rental properties. |
0:35.1 | That's why JWB was featured on the front page of the Wall Street Journal. |
0:38.8 | To learn more and see Inventory, go to new construction turnkey.com. |
0:48.5 | Finally, total control financial gives you checkbook control of your 401k and IRA money to invest in real estate. |
0:56.2 | It's time to get your retirement money into your own checking account, but you've got to |
1:00.9 | avoid the little known tax that you'll pay with any self-directed IRA. Instead, it's time |
1:05.9 | for the QRP. Learn more and get your free copy of the QRP book by text messaging QRP in all capital letters to 72,000. |
1:20.6 | You're listening to the show that has created more financial freedom than nearly any show in the world. |
1:28.1 | This is Get Rich Education. |
1:43.5 | Welcome to GRI, Germany, from Hanover, Germany to Hanover, Pennsylvania and across 188 nations worldwide. |
1:50.1 | I'm Keith Weinhold. This is GetRish Education talking about the power of now. You know, I think we all get caught up in thinking about what's coming next in your life. |
2:00.7 | And you're either anticipating |
2:02.2 | some future event or you're fretting about some future unknown. But in this one life of |
2:08.5 | yours, all you've ever really known or experienced is the present moment. I'd like to think that |
2:15.4 | I stay present more than others, but I think we all tend to do this |
2:19.2 | somewhat and actually think about the future too much. Look, when I go out on a hiking trail, |
2:25.9 | while I'm driving to the trailhead, I anticipate what it's going to be like when I get to the |
2:31.1 | parking lot. Then when I leave the parking lot to begin the hike, I often spend too much time thinking about what it's going to be like when I'm to the parking lot. Then when I leave the parking lot to begin the hike, |
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