Gary Pinkerton starts off today’s show discussing Pat Donohoe’s new book, Heads I Win, Tails You Lose. Some of the points brought up in the book are critical to not just your investing, but your life. Gary stresses that your net worth is not a terrible measure, but income is the most important part of the equation.
Then Jason Hartman talks with Pat Donohoe, President & CEO of Paradigm Life, about their thoughts on the recent political changes and how the U.S. economy will be affected, he shares his thoughts on the new administration with a high-level worldview and he recalls his recent experience at the Meet the Masters of Income Property event in California.
Key Takeaways:
[5:32] Your best asset, that has the highest potential, is yourself
[9:19] If you have guaranteed income, your net worth doesn’t matter
Pat Donohoe Interview:
[13:05] The caliber of people at the Meet the Masters of Income Property event was a high point.
[15:52] Foxconn will bring manufacturing back to the U.S. due to Trump’s business savvy.
[22:28] Patrick doesn’t believe charity to foreign nations is in the best interest of the U.S.
[26:23] It will be fascinating to see how Trump deals with the past, present and future.
[30:49] Trump will inject adrenaline into the U.S. economy.
[33:50] Paradigm Life is an insurance-based financial services company.
[38:18] A stock market rally is a short-lived business cycle.
[40:51] Patrick describes how he makes the right investment and performs due diligence when acquiring properties.
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