Get Rich Education

Get Rich Education

This show has created more financial freedom for busy people like you than nearly any show in the world. Wealthy people's money either starts out or ends up in real estate. But you can't lose your time. Without being a landlord or flipper, you learn about strategic passive real estate investing to create wealth for yourself. I'm Show Host Keith Weinhold. I also serve on the Forbes Real Estate Council and write for Forbes. I serve you ACTIONABLE content for cash flow on a platter. Our bottom line in real estate investing together is: “What’s your Return On Time?” Where traditional personal finance merely helps you avoid losing, you learn how to WIN. Why live below your means when you can expand your means? Since 2002, international real estate investor Keith Weinhold owns multifamily apartment buildings to single family homes to agricultural real estate. New episodes are delivered every Monday.... Show More

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April 13, 2020 51 min

You get a clear answer to that question from both me and the Chief Economist of the oldest investment firm of its type in America, as he joins me today.

Recession and depression differences are defined.

Learn what created the 1930s Great Depression and 2000s Great Recession. 

You’re now living in what I call: “The Great Shutdown Of 2020”, induced by the coronavirus. This is an economic crisis on top of a health crisis on top of an oil shock.

The Spanish Flu Pandemic of 1918 created a 7-month U.S. recession.

Real estate flippers and developers are more at-risk than buy-and-hold investors.

A doubling of the U.S. currency supply is possible in the next year or two, stoking inflation.

I introduce the “Inflation Triple Crown” concept that benefits leveraged real estate investors.

Brian Beaulieu, CEO and Chief Economist at ITR Economics since 1987, joins us to forecast your economic future amidst the current coronavirus pandemic.

He says we’re in a recession now, thinks the economy begins growing again by 2020 Q4 with a “V” shaped recovery, and inflation accelerates in 2023.

Brian forecasts interest rates’ direction, and tells us if we’ll have negative interest rates.

He is bullish on buying real estate.

I think that since America keeps writing checks for everything, then they should fund an initiative to rebuild our infrastructure. We need that anyway, and it puts people to work.

Then, you would want to own real estate near those public works projects - new bridge, interchange, or port.

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Resources mentioned:

ITR Economics:

https://itreconomics.com/itr-economics-podcasts

ITR Economics’ Free 90-Day Forecasts:

Text TR_TRIAL to 33777

Insurance For Rent Payment Default:

Rhino: https://www.sayrhino.com/ 

Steady: https://www.steadymarketplace.com/

Core: https://corehomeinsurance.com/

Mortgage Loans:

RidgeLendingGroup.com

QRPs: text “QRP” in ALL CAPS to 72000 or:

TotalControlFinancial.com

By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel.

New Construction Turnkey Property:

NewConstructionTurnkey.com

Best Financial Education:

GetRichEducation.com

Follow us on Instagram:

@getricheducation

Keith’s personal Instagram:

@keithweinhold

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