BREAKING NEWS: Average Person CAN NOT GET RICH TODAY

0:00Already folks, we're back with Mr. Jason Hartman. We are going to ask him a key question that I now have changed my opinion on. We'll also talk about rates and a specific confession Jason has to make. And we will close with something super duper special. So stay tuned for that. Jason, before I drop this bomb on you, I just want to say hello, how you doing? Good, how you doing, Michael? Good to see you. I'm doing well, man. Well, I have to tell you, I have recently changed my opinion about something for the longest time I have said and frankly believed that the average person could get wealthy today. And I got to tell you with everything going on in the world, I don't think the average person can get wealthy. Anymore, I was curious what you thought, maybe you could talk me around that. Do you think the average person could get wealthy? Well, you know, I think you kind of alluded to it before we went on the air today. And that is, don't be average. Because because you're probably right that the average person can't get wealthy.

1:03I mean, you know, it's just average people are pretty lame, you know, I mean, we are looking at, I mean, look at just go outside. Everybody's dressed in fucking pajamas, okay? They're massively out of shape. I mean, they don't care about their health or fitness at all. I mean, you know, this is average, right? It's awful. And I do agree that there are forces that are making things more challenging than maybe they used to be. But there are also big forces that are big opportunities that are making things a lot better, you know, it's a mix. So, yeah, it feels really bad for me to admit this. Because for the longest time, I've been creating content now in YouTube for eight years. I have 18,000 plus videos. And I have always believed that the average person could get wealthy. I've said it, I bet you I've said that a thousand times. And it came to me the other day was into just this,

2:03you know, full admission. This came to me watching a Grant Cardone short, I think. I think it was a short talking about the average American. And I'm like, god damn it, he's right. The average American can't get wealthy. And the average American is, the average American's just gonna make Grant wealthy not themselves. Yeah, the average American, I mean, when you think about them, right, they have very, very, very little financial discipline, which is a key to financial freedom. They frankly have very little discipline, period to your point throughout a shape. They have bad relationships are addicted to alcohol or porn or drugs or whatever. And I've just been watching TV or food, you know, like, yeah, yeah, exactly. So again, I think I think at this point, as much as it hurts me to say, I do not think the average American can get wealthy. But to your point, stop being average. Yeah, right? It's back to, you know, I think Chris Williams says this on his podcast with Alex Ramozi.

3:04It has never been easier to be in the top 10% let alone the top 1% in anything. All you got to do is focus on it, you know, there's less, you know, one thing you can say, I mean, look, you know, all this is, you're, you're reminding me of something Mike. In the 80s, the last decade, I always say that 1990 was the peak of civilization, okay? Look, like that's a pretty funny statement, right? But in the 80s, I think that was the last decade when it was cool to be a winner, okay? After that, the music really shifted, the rise of rap, hip-hop, and Seattle grunge music made it cool to be a loser, okay? And, you know, everyone was dressing like a slob or an urban gang banger, you know, it was just cool to be a loser. Like in the 80s, it was really cool to be a winner, right? Each decade has kind of a flavor, you know,

4:04you must admit that and listen, aren't you with me? I'd love to hear some opposing opinions comment below and tell me what you think, I'm really curious. But every time I've, you know, proposed that idea, people have drummed in and, you know, so that's interesting, yeah. I've never thought about music. The music changes everything, right? The music is hugely impactful. And the music really shifted in the early 90s. Well, that's somebody who would be listening to NWA and EZE, and L.O. Cool J, and all of those people. Somebody who had a car with a $5,000, you know, base stereo system, I'm not sure I'm willing to admit that that music created losers. Well, I mean, just listen to the lyrics. Okay, so, okay. All right, so it certainly brought a different feel to the world for no doubt. Certainly was anti-police, you know, F, F the police, all of that. But again, I don't know, I've never thought about this, right?

5:06This all happens in real time, you know, rap music, grunge music, you know, hair bands. Yeah, music is so impactful. I mean, it's just so powerful. You know, I always say the three most important art forms are number one architecture, because I think architecture, we live in it, right? It just inspires us to look at it or not, you know, or it depresses us to look at it, depends. Okay. Music is number two, although music is super powerful, right? But I think architecture actually beats it. And number three, I think is fashion. Why do I say fashion? That's an interesting one, right? Because fashion causes people to be attracted to each other or not attracted to each other. And causes baby booms or baby bust. And right now we're in a baby bust. And look at the fashion, it's pathetic. All right. All right, folks, what do you think about literature or, you know, paintings or sculpture, right? I pick those three is my top. But, you know, comment below. Yeah, let us know below. Architecture, music, and fashion.

6:07Are those the key? And again, just to be clear, don't throw hate at me. This is adjacent Hartman opinion. Throw it at him. Yeah, throw it at him. Throw all they hated him. But let's get back to the topic at hand. Because again, I think it's important. And I think I really want, like if you're watching my channel, again, it's not edited, it's no sizzle real, none of that stuff. You're here for a reason. And if you watch one, you know, if you watch more than one video of mine a week, you're not average, right? You're watching a guy thinking real time, get on other millionaires because we care about you. And you're not average. So let me just say that. If you're watching more than one video of mine a week, you're already not average. Also, getting wealthy is, I believe getting wealthy has never been easier. But also it takes not being average, right? There's nobody that's going to make a season or a decade of sacrifice. That's average, that, that, the required, like the whole marshmallow test of kids, right? Give a kid a marshmallow, wait five minutes and he doesn't need to give him two. Average Americans eat that marshmallow

7:08before you're out the door. That's so interesting you say that because I've always said on my show that one of the most important keys to success in investing or really anything is the ability to delay gratification. Amen. That's a sign of maturity, the ability to delay gratification. And what you're talking about is a famous experiment that was done with children, right? Children don't have the ability to delay gratification very well at all. They'll leave that, you give them a marshmallow. They don't care if you'll give them two later, they'll just whine about it, right? You know, if they've got one in front of them now, they're going to eat the one. So yeah, yeah, there you go. So again, folks, I think at the end of the day, getting wealthy, create disposable income, become a lead, do it for a decade, seasons, first five years suck, all of those things. If you're on this journey, I want to say one thing to you right now that's congratulations. You are not average, keep going, you can do it. Lots of people have done it before you and lots of people who do it after, just keep going.

8:10And the best way for you to become wealthy is definitely income property. I mean, income property for the average person, right? It's something that anybody can do. Okay, you know, if you are in, I mean, look at where I started, where most people started, right? I was in the very lower middle class, I would say, or the upper poverty class, one or the other. I mean, we weren't starving, but it certainly wasn't fun. And, you know, I didn't have any contacts. I didn't know anybody. I didn't have any resources, family resources, capital, I didn't have any money, for sure. And, you know, just over time, just kept investing, kept working, and it worked out. And it can work out for you too, but you've got to be willing to delay gratification. And you've got to make sure you put the right things in your brain, you know, at 17, I discovered Earl Nightingale, Jim Rohn, Dennis Wattley, Zig Ziggler, and I just kept listening

9:11to their audio cassette tapes over and over and over again, to just push this good thinking into my head. Okay, I didn't have it. No one, I didn't know anybody that thought that way. And that was repulsed. And all of those speakers, folks, Google searched them. YouTube, their speeches are still out there. They're all very, very beautiful. They're great, yeah. Well, Jason, you mentioned off-air that you have a confession to make about rates. And I actually have no idea what this is going to be. So what's this confession you speak of? Well, look, you know, I think I'm not wrong often on my predictions, but I think I might be wrong about this one. You know, before I ran, we were moving into a loose money era. We were moving into lower rates, cheaper money. And it's not looking that way. It's looking like this is going to be a while. I mean, I'll be right eventually, but it might take longer than I thought because it's not looking good for rate cuts right now, folks.

10:11I mean, with the pressures of the energy markets and energy is baked into the cost of everything. And when energy gets more expensive, everything gets more expensive. Literally, everything has energy as a component as an input and energy costs are going up. So I actually had to eat, I think it's going to be a while for a rate cut. Yeah, I had to eat some crow on that as well because I called for four rate cuts in January when I made my 2026 prediction. And not only have four rate cuts gone out the window, I now fear they might be forced into a rate hike in 2026. Oh, dreadful. Yeah. When the Fed is making us delay gratification as real estate investors, where is my rate cut gone? Where is my rate cut, you know, let me ask you this. I've never asked anybody this yet. Do you think we see a 30-a-mortgage back with a seven-handle this year? God forbid, I hope not.

11:12But that's not an answer. I don't know. I just don't know. Look, I mean, if the straight is open and running again, the straight of who moves, I think that will go a long way. But remember, there's damage to the LNG facility and Qatar. And I mean, that's this stuff takes a long time to repair that damage. We're talking years, not days. Yeah. But it doesn't mean that it'll be years before inflation, the inflation on your pressure subsides. No. I mean, we've got a lot of deflationary pressures from technology in the market in general, but this new technology we're all working with AI, namely, is very energy intensive. So yeah, you know, I would tell you, if you asked me on January 1st of 2026, the odds of a seven-handle any time this year, I would have said zero. Yeah. Because I was with you like we're going lower. In fact, I would have said five and a half

12:14is more likely than seven. And five and a half will be a revolution for the real estate industry. Michael, the chart of mine that you like so much is showing the mortgage sensitivity. I mean, I don't have any handy right now. But if we get to five and a half percent on 30-year mortgages, the market is just going to fly beyond comprehension, it's going to be incredible. Yeah, I couldn't agree more. Yeah, but at this point, the odds of having a seven-handle sometime this year, you know, it's not zero. I mean, obviously, the straight opens, it doesn't happen, but there are lots of things that can go wrong between now and then that takes us to a seven-handle. So, you know, the likelihood though, is that before the midterms, we are going to see the money printer turn on. Okay, and that's kind of what they always do. That's always the playbook. And, you know, Trump wants those midterms to go well right now, it's not looking great. Not looking good for the Trump clan.

13:16But I do think this Iran thing, I mean, think of it. We're taking out an enemy that has chanted death to America for 47 years. This is just, I want you to liken this to Reagan bankrupting the Soviet Union, okay? And that was expensive. That was decades. It took a long time. It was very expensive. And historically, it could definitely be viewed as a good investment. And I think this thing with Iran, although painful, you know, certainly war is ugly. It war as hell is the saying goes, you know, people die, people become, get injured, it's awful, right? But it is an investment in preventing a much bigger problem later, which certainly could have been a nuclear war or a nuclear Holocaust from Iran with a suitcase nuke or whatever delivery system, right? And, you know, that was coming. I mean, exactly when nobody knows, but it's certainly coming.

14:21Okay. I mean, you know, and we've prevented that. And that's a good investment. Yeah, well, again, I, it's going to get, I fear this is going to get worse before it gets better. You know, if you want to look out long enough, you could say sure it's a good investment. But when you're in the muck in the mire, certainly it doesn't feel good. It's going to get expensive. There will be certainly tragically lost of lives. And yeah, I, you know, I've actually been accused of being a little dumerish the last week or so, because I do not have a positive view of this conflict. I think it's going to get messy. Let's just talk about one more major, major thing that is part of the investment that is happening right now. This is, this is a struggle, of course, but Trump is reordering the world. I mean, the global order is changing. And China was so dependent on Iran. And Trump is, the rug out from under them in terms of the Belt and Road initiative.

15:22A big part of that is Iran. Of course, cheap oil at China was buying oil from Iran at 20 to 30% below market prices. You cut that off in China's economy, which is already in major trouble. It just collapses. And then you, well, this is four or five years in their demographic cliff. I mean, China just won't be a force anymore. And Trump. This is, this is why it's a proxy war. That's, this is something that I've long, when I looked at the chess board, I saw Venezuela and then I ran next. I'm like, this is a, this is a China thing. Yeah. You know, sure you could sell it as uranium and nuclear and all of that stuff. But I think this is about, I think this is actually the long play, the 40 chess move. This is going to force China and US to have a detente and to become more friendly. I don't know what else, you know, friendly. Yeah, it's these two strength. Yeah, yeah. So again, it's going to be, it's going to be messy. But again, as somebody who lives in the moment,

16:22you know, the next week's months, it's going to be a year, you know, higher for longer. Yeah. Yeah. Yeah. I agree. It's, it's, uh, it's going to be a struggle. Uh, but, um, you know, where there's struggle, there's opportunity. I keep reminding folks. I always try to close on the positive where I'm actually working on a 42 unit deal right now that would have easily sold for 10 million bucks in 22. Uh, my first offer, should it still be available after 30 days is going to be six and a half million. Wow. Yeah. Yeah. Certainly opportunity. No question about it. Uh, but, you know, the other thing is, people, it's part of the delay gratification concept and the marshmallows that we talked about a few minutes ago. But Michael, the other thing is, everybody is looking at the news like day to day. Stop it. Grow up. I mean, you know, this room was not built in a day. I just cannot believe the post on social media.

17:23They're just so stupid. You know, like when we're a week into the war, you know, everybody's freaking out. I mean, folks, calm down. Okay. You know, this is going to take time for this whole thing to work itself through the system. So, you know, it's been, it's been four weeks. Like we're just moving into the fifth week now. I just, this is nothing. This is, this is a spec in the timeline of history. It's just nothing. Okay. So, yeah, but we were promised, and the early beginnings, it would be a four to six week incursion to your point, we're in week five. Now we have talk of thousands of ground troops going in. This certainly feels like it's going to be months, not weeks. It's not going to be 20 years in Afghanistan. I'll tell you that. Well, that's an awful bold statement given our history as a country. Come on. I mean, you know, hey, we don't need another forever war to your point. We don't need to waste trillions. We're not going to have one. This is going to be much, much better than that.

18:23Yeah. Well, you actually have a couple of exciting events coming up. Why don't you kind of touch on those as we close up? Yeah. Sure. Our empowered investor live event is coming up in Orange County, California, in mid May, May 15 through the 17th. Michael Zuber himself is one of our speakers. So come join us for that. Go to empowered investor live.com. And if you're interested in super yacht mastermind adventures, that's the name of the company actually is mastermind adventures. Go to mastermind yacht adventures.com and check that out. And two events for you coming up. Yeah. Thank you Jason. You're welcome to join us. Thanks for having me and happy investing.