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Learn 3 reasons why reduced spending and savings are not going to make you wealthy. You still need to invest! Have you checked out the Creating Wealth podcast yet with Jason Hartman? It’s full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you’ll like that one too. http://bit.ly/wealthpod I heard it from financial podcasters and bloggers - building wealth is about spending less and saving more. What? That is only true if you make multiple hundreds of thousands of dollars and can save $1 million in a few years. For most people, that’s not realistic! If you’re making $75,000, paying for a house, car a spouse and 2 kids, there is NO WAY you are going to save yourself to wealth! You can’t possibly save enough to become wealthy. Do you want to be a smart spender - yes! Can you “frugal” your way to wealth? Not in most cases. But you can invest your way to wealth. Most “experts” won’t tell you that. Wealth = Compounding. There are only 3 factors that are part of t

Have you checked out the Creating Wealth podcast yet with Jason Hartman? It’s full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you’ll like that one too. http://bit.ly/wealthpod Twitter has been in the news as a company that is for sale. Apparently Google, Yahoo, salesforce.com, Disney and others have been taking a look at it. IMHO, it belongs with a media company because Twitter is the next form of media after radio and TV. As I mentioned in my previous podcast about the DDoS cyber attack, I found out about it because Twitter was down and I Googled it. This is the way we think now. I didn’t turn on TV until it was my fourth choice for news after Twitter, Facebook and Google! It’s the first 2 way media we’ve had, meaning you can get instant feedback from viewers. For example, BRAVO TV uses it to take polls on their show - who is the most/least popular? They also use it to gather questions to ask in interviews. But more recently mainstream media has been

Creating Wealth podcast yet with Jason Hartman? It’s full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you’ll like that one too. The morning of October 21st I tried to connect to Twitter to see the latest news and my computer kept saying it couldn’t find the server. I went to Facebook and nothing was trending over there. I Googled it and found out about the attack. I turned on the TV and there was nothing, as if it was blacked out - maybe to keep everyone calm? It scared the heck out of me because I knew if it attacked a few sites, the whole internet could possibly go down. I checked my bank, it was still working online. I could only imagine how upset some Paypal customers were, my friend being one of them. She went apoplectic. The cyberattack of October 21, 2016 was notable for many reasons. 1. “It attacked the DDoS or A Distributed Denial of Service (DDoS) attack is an attempt to make an online service unavailable by overwhelming it with traffic from mu

Learn why buying what you know, without doing more research, can get you into investing trouble. Have you checked out the Creating Wealth podcast yet with Jason Hartman? It’s full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you’ll like that one too. http://bit.ly/wealthpod The book is "Beating the Street" by Peter Lynch, former portfolio manager of the Fidelity Magellan fund. To see the St. Agnes portfolio, go to www.lindapjones.com.

Learn what shorting is and the pros and cons of shorting. Have you checked out the Creating Wealth podcast yet with Jason Hartman? It’s full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you’ll like that one too. http://bit.ly/wealthpod It's Listener Question Friday I’ve been watching the German bank, Deutsche Bank with some concern. DB is trying to get a reduced fine from the DOJ from $14B to $5B for mortgage security improprieties during the last financial crisis. If you haven’t been following the news, DB may need a bailout but Chancellor Merkel has said she will not support one. That’s because other banks in the EU may also need bailing out and if one was bailed out, they’d all have to be bailed out. Italy’s banks are having big problems and so are other European banks. The real problem with DB is it is unique in that id also has massive derivatives there, so if it goes down, the effect could be quite serious on the whole EU and the Euro. Remember deri

Learn what a hedge fund is and why they are often preferred by millionaires and billionaires. Have you checked out the Creating Wealth podcast yet with Jason Hartman? It’s full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you’ll like that one too. http://bit.ly/wealthpod Hedge funds are an interesting topic and generally misunderstood by the general public. They are for sophisticated and high net worth investors, who are known as “accredited investors.” They have more than a $1 million net worth excluding their home, or they make $300,000 and are experienced investors. Hedge funds invest in many types of securities, but they are unregulated by the Securities and Exchange Commission (SEC). You are familiar with mutual funds in your 401(k) which are pools of money that invest for a particular objective and in a particular type of security. For example, a large cap mutual fund may invest in the S & P 500, which are the 500 stocks with the largest capital

Learn what happens when you make a claim for a jewelry loss and what Kim Kardashian might experience. Have you checked out the Creating Wealth podcast yet with Jason Hartman? It’s full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you’ll like that one too. http://bit.ly/wealthpod I had the unfortunate experience of having jewelry stolen from my home. Although I usually keep it locked away in a safe, I unpacked my bag and threw the silk pouch with a Tahitian pearl necklace, earrings and ring into my drawer with plans to put them in the safe later. When I went to look for it, it was missing. In between that time there were several people in my home including house cleaners, window washers, repair men, etc. that could have taken it. It was devastating because it was my favorite jewelry and very valuable. The pearls also had diamond on the ring and earrings. I called my insurance agent to report the loss. The ring and necklace were insured but the earrings wer

Learn where to invest and find high rates. I’ve mentioned Jason Hartman’s Creating Wealth podcast and how there are 700 podcasts about real estate investing. Now we’re going to talk to Jason about his investing experience and whether it’s better to invest in real estate for capital gains or cash flow? http://bit.ly/wealthpod It’s listener question Friday! Dear Linda,   I love your podcasts! They are simply fabulous! I am wondering where can I get some financial products with a high rate of compounding? Let’s say 8 to 10%. I need your great help for that, Linda. Thank you very much. Best regards, Marie I wish 8 to 10% was so easy! Be careful when reaching for yield. A friend of mine was pitched 5.5% junk bonds that weren’t diversified and were 30 year bonds! He was actually considering them because a “friend” recommended them. High yields equal high risk. Bank yields are 1 to 2%. 10 year bonds are 1.5%. How can you get 5.5? Lower the quality - but you don’t want to do that. Consider alternative investments - b

Have you checked out the Creating Wealth podcast yet with Jason Hartman? It’s full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you’ll like that one too. http://bit.ly/wealthpod Please see LindaPJones.com for the list of 11 undervalued real estate markets.

Learn if it is better to invest in real estate for capital gains or cash flow. I’ve mentioned Jason Hartman’s Creating Wealth podcast and how there are 700 podcasts about real estate investing. Now we’re going to talk to Jason about his investing experience and whether it’s better to invest in real estate for capital gains or cash flow? http://bit.ly/wealthpod  

Learn why the scandal at Wells Fargo is even worse than you’re hearing. Have you checked out the Creating Wealth podcast yet with Jason Hartman? It’s full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you’ll like that one too. http://bit.ly/wealthpod It’s listener question Friday and one of our listeners asked: Do you think the penalties were big enough for Wells Fargo? The media reports the Wells Fargo fraud as “you received an extra account.” Ah no, that’s not what happened. Money was taken out of accounts without customer permission to create bogus accounts. Fees were charged in the new accounts. Loans were generated without asking, effecting credit scores negatively. Senate Banking Committee hearing last week into the bank’s sales tactics, which earlier resulted in a $185 million fine and regulatory action. During his appearance before that panel, Mr. Stumpf and the bank were roundly criticized for firing 5,300 employees over five years, yet taking no

Learn why there are more millionaires today, according to a wealth management study, and how they are getting wealthier. Have you checked out the Creating Wealth podcast yet with Jason Hartman? It’s full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you’ll like that one too. http://bit.ly/wealthpod I’m going to share with you an article from Barron’s called “Penta Millionaires: The New Rising Class” written by Stacy Perman. I’m going to read a lot of the information because it’s statistics, but I’ll also comment where I can. I’m sure you’ll want to know why are people becoming wealthier at an increasing rate and how can you participate?! Last year the number of households with more than $5 million in investible assets crossed the 1 million mark, up 5% from 2014. The $1MM to $5MM category increased 42%. The $5MM to $20MM category increased 38%. The $20MM to $100MM category increased by 64%. The $100MM to $1B category increased by 61%. The $1B+ category incr

Learn what multi-millionaires talk about with their friends. Have you checked out the Creating Wealth podcast yet with Jason Hartman? It’s full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you’ll like that one too. http://bit.ly/wealthpod I’m on vacation with friends in Huntington Beach, CA. Saw a random post on FB about someone who wanted to hang out with people that have a higher net worth. I believe it was in regard to Jim Rohn’s comment that your income is the average of the 5 people you hang out with - with a twist to net worth. It made me realize I’m here with 4 other multi-millionaires. One owned a famous blue jeans company frequently worn by celebs, one is an apartment landlord, two own many houses in at least 4 states. They have all lived near me in Palm Springs at one time or currently do. I didn’t even think about our net worths consciously before I saw the post. Our conversation has been very financial this whole trip. Discussing whether or no

Learn how to determine whether investing in a home improvement is a good idea or not. Have you checked out the Creating Wealth podcast yet with Jason Hartman? It’s full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you’ll like that one too. http://bit.ly/wealthpod Linda, I have a rental house that is also our beach house. I rent it out on VRBO for extra income. I’ve been wanted to make some cosmetic changes and wanted to ask your advice. I like painted baseboards better than wood baseboards - should I change them? I also am thinking of replacing the carpet in the bedrooms to tile and the kitchen countertops from tile to granite or quartz. Is it worth it to make the investment? I love your podcast and listen religiously. Your advice would be greatly appreciated! Bonnie Thank you for the questions, Bonnie! When thinking about making home improvements to a rental or your primary residence, consider this: 1. Will it improve the value of the home? 2. How long w

Learn why people who earn 6 figures don’t necessarily have it made and need to save more. Have you checked out the Creating Wealth podcast yet with Jason Hartman? It’s full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you’ll like that one too. http://bit.ly/wealthpod “Make Six Figures? There's a Decent Chance You've Got Almost Nothing in the Bank”, article by Polly Mosendz Here is the link: http://www.bloomberg.com/news/articles/2016-09-20/make-six-figures-there-s-a-decent-chance-you-ve-got-almost-nothing-in-the-bank?cmpid=BBD092016_BIZ

Learn the do’s and don’ts of purchasing and storing silver. Have you checked out the Creating Wealth podcast yet with Jason Hartman? It’s full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you’ll like that one too. http://bit.ly/wealthpod It's listener question Friday! Dear Linda, I’ve been listening to your podcasts and I’m curious about how to buy silver. Do you recommend buying it online? Should I buy an ETF? Can I pay someone to store it for me? Kris I get lots of questions about silver. The most often it’s why do I recommend buying silver and not gold? Where to buy it? 1. Your local dealer with a good reputation 2. Online at JMbullion.com or SDbullion.com 3. Goldmoney.com 4. PSLV 5. Not an ETF like SLV How to store it? 1. At home in a safe that is bolted to the floor 2. Not in a safety deposit box 3. Don’t pay someone to store it for you 4. In a storage facility (not a bank) 5. At goldmoney.com

Learn why impulse buying of money traps is making you poorer. Have you checked out the Creating Wealth podcast yet with Jason Hartman? It’s full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you’ll like that one too. http://bit.ly/wealthpod Are you buying depreciating assets like boats and RV’s then wondering why you don’t have any money? Boats need trailers, moorage, insurance, gas, repairs, covers, motors, ski equipment, etc. RV’s need gas, garage, insurance, repairs, car to tow, fees, washing, etc. The cost of the boat or RV is not it’s true cost! It goes way beyond that. You’ve increased your monthly expenses by more than you think. Those extra thousands could be going to work for you and producing more money. If you’re in your 50’s or 60’s, you need to pay special attention to this and get serious about saving and investing. You can build your wealth or buy these toys, but you can’t do both very well. Rent instead of buy. Use it and leave the cost and

Learn 7 investment strategies of centimillionaires. Have you listened to the Creating Wealth podcast with Jason Hartman? It has over 700 podcasts on real estate. If you like this podcast, you'll like that one too.http://bit.ly/wealthpod Here are the 7 Investment Strategies of Centimillionaires: 1. Own the game 2. Alpha-mail (instead of blackmail) 3. Niche monopoly 4. Work on building a full chess board portfolio 5. Leveraged resource strategy 6. Horse trading 7. Identify choke points Find links to all the books mentioned at www.lindapjones.com/centimillionaire

Learn how billionaire Sara Blakely learned to reframe to word "failure". Have you listened to the Creating Wealth podcast with Jason Hartman yet? There are over 700 podcasts about real estate. If you like this podcast, you'll like that one too. http://bit.ly/wealthpod Sara Blakely, founder of Spanx, is the youngest, female self-made billionaire in history. Learn why reframing the word "failure" helped her become successful. Want to jumpstart your wealth building? Get the free report: "10 Quick Tips to Boost Your Wealth" at www.lindapjones.com.

Learn Why Mansions Are the Result Not the Cause of Wealth Have you checked out the Creating Wealth podcast yet with Jason Hartman? It’s full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you’ll like that one too. http://bit.ly/wealthpod Listener question: If it is about not buying too expensive but buying smart, then why are billionaires and millionaires buying 40/50 million dollars houses, yachts, cars?? Dave Good question. I can see why it’s confusing. You might think that’s how they are getting rich, by buying huge mansions. The ability for the to afford a mansion came after they built their wealth, it’s not the way they built their wealth. Just like athletes sometimes get huge contracts and then buy a big mansion, their athletic prowess is what made them their wealth. Or a Hollywood actor or actress buying a huge mansion. Buying a $50 million dollar house is not what made them rich. Now that they are rich, they may want to enjoy it by buying a trophy