At our Wealth Formula meetup in Dallas a few weeks ago my CPA, Tom Wheelwright, got up on stage and surprised me. Tom is a very smart guy. He wrote one of the books that I consider a “must read” for personal finance called Tax Free Wealth. He is the Michael Jordan of CPA’s. He […] The post 286: Ninja Tax Strategies with Tom Wheelwright! appeared first on Wealth Formula.

Wealth Formula by Buck Joffrey

286: Ninja Tax Strategies with Tom Wheelwright!

Economics is a social science. While science is knowledge and application of existing aspects of the world and applications through physical laws, mathematics and research, social sciences deal with society and human behaviors. Certainly there is plenty of math involved in economics but the math is predictive insofar as the behavior is predicted correctly. That […] The post 285: Chinese Evergrande and the state of the Global Economy! appeared first on Wealth Formula.

285: Chinese Evergrande and the state of the Global Economy!

“It’s tough to make predictions, especially about the future.” -Yogi Berra The residential real estate market is on fire. No doubt. We are seeing this across the board from single-family homes to massive apartment complexes. I’m not an expert on single-family home values. I don’t understand them as they are not rooted in cap rates […] The post 284: Jorge Newberry on the State of the Real Estate Market! appeared first on Wealth Formula.

284: Jorge Newberry on the State of the Real Estate Market!

Personal finance is personal. However, there is a type of conventional financial wisdom that leads us to believe that there is one right way of doing things.  That becomes very confusing to people…especially in our alternative investment world. After all, financial advisors are the experts, right?  In reality, financial advisors are usually most interested in […] The post 283: Ask Buck 9/25/21 appeared first on Wealth Formula.

283: Ask Buck 9/25/21

When I first read The Cash Flow Quadrant by Robert Kiyosaki (the purple pill), I was fascinated by the concept of using earned income to produce streams of passive income, that would eventually become a great river that would replace ones earned income all together. That concept is what I now call Wealth 1.0. You […] The post 282: The Cash Flow Ninja! appeared first on Wealth Formula.

282: The Cash Flow Ninja!

There is a saying, “People grossly over-estimate what they can accomplish in a year and grossly under-estimate what they can accomplish over five years.” As I write this to you on my 48th birthday (September 8th), I look back on the last 5 years and it’s hard to argue the point. Five years ago, this […] The post 281: Should We Be Buying Hotels Yet? appeared first on Wealth Formula.

281: Should We Be Buying Hotels Yet?

As a flaming entrepreneur I had a serious problem when I was a young man: Shiny Object Syndrome. After surgical residency, I had a couple of major business successes. Having never failed in business before, I kept pushing the limits. It wasn’t about the money back then. You see, natural entrepreneurs like me enjoy money—no […] The post 280: Angel Investing and Shiny Objects! appeared first on Wealth Formula.

280: Angel Investing and Shiny Objects!

Henry Ford once said, “Whether you think you can or think you can’t, you’re right”. The older I get, the more I am convinced that he was right! I believe that mindset is the single most important element to success in life—be it financial or otherwise. Mindset is a broad term but the way I […] The post 279: Should You Buy a Franchise? appeared first on Wealth Formula.

279: Should You Buy a Franchise?

Once you realize how much you don’t know, you always feel like you’re playing catch up. At least that’s how I feel when it comes to personal finance. Wealthy families often implement family offices to help keep things straight. Theoretically, that’s a great solution. However, from what I’ve seen, family office structures often leave clients […] The post 278: Asset Protection: Everything You Need to Know! appeared first on Wealth Formula.

278: Asset Protection: Everything You Need to Know!

Over the last three weeks, you have heard actual members of our Wealth Formula Community talk about their financial journeys. A recurrent theme through these interviews was the concept of Wealth Formula Banking. In case you didn’t notice, all three of these individual investors are essentially using Wealth Formula Banking as the cornerstone of their […] The post 277: Investor Roundtable on Wealth Formula Banking appeared first on Wealth Formula.

277: Investor Roundtable on Wealth Formula Banking

In June of 2008, I had just completed my surgical residency and gotten married the day after graduation. There was already quite a bit of change in my life. On the way back from my honeymoon, I looked for something to read in at the Puerto Vallarta airport—not many choices as you can imagine. Most […] The post 276: The Purple Pill appeared first on Wealth Formula.

276: The Purple Pill

“Coming out of left field” is a slang derived from baseball which basically references something unexpected. What does that equate to in personal finance? Well, the opposite of something unexpected would be something expected or… conventional. Conventional financial wisdom includes stocks, bonds, and mutual funds as the foundation of a solid, responsible portfolio. Conventional finance […] The post 275: What’s a Left Field Investor? appeared first on Wealth Formula.

275: What’s a Left Field Investor?

In the last few episodes of Wealth Formula Podcast, we have had some serious specialists in the area of Real Estate and Natural Resources.  These shows are important because you, as an investor, need to know what’s going on out there so you can make educated decisions about where to deploy your capital. Solid information from […] The post 274: How to Become a Prolific Investor! appeared first on Wealth Formula.

274: How to Become a Prolific Investor!

The real estate podcast ecosystem is full of contrarians. Somehow we got mixed up in a crowd full of Austrian economic dogmatics and we constantly hear that the sky is falling. They tell us that the Zombie Apocalypse is near and that you should load up on precious metals (because everyone knows zombies only accept […] The post 273: The Rise of America with Marin Katusa appeared first on Wealth Formula.

273: The Rise of America with Marin Katusa

We talk about a lot of concepts on Wealth Formula Podcast related to personal finance and sometimes it can be overwhelming: especially for the newbies in our community. So let me summarize the basics.  First, make sure you are protecting your family against the economic fall out of unexpected death. Estate planning, including life insurance, […] The post 272: Dave Steele on Why NOW is the Time to Buy Real Estate! appeared first on Wealth Formula.

272: Dave Steele on Why NOW is the Time to Buy Real Estate!

Financial Education and Entrepreneurship for Professionals

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Wealth Formula by Buck Joffrey

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