Wealth Formula by Buck Joffrey

265: Ask Buck & Ian!

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This week’s episode features a discussion with Ian Kurth—radiologist and highly sophisticated investor. Ian is a member of Wealth Formula Network and one of its major assets.   

He is doing exactly what, in my opinion, every high-paid professional ought to be doing. He has really transformed himself into a sophisticated investor and thought leader on personal finance for our demographic.  

The current discussion is inspired by a 90-minute Wealth Formula Network call around how to think about bitcoin and cryptocurrencies.  

It’s important to note that just a couple of years ago, Ian was a bitcoin skeptic. So you are going to want to understand how he has transformed into a very pro-bitcoin investor despite his conservative nature! Listen HERE!    

P.S. Ian has also compiled a list of resources that he has found helpful in his journey to becoming crypto-competent. He has kindly permitted me to share them below:  

Podcasts

  • https://www.theinvestorspodcast.com/bitcoin-fundamentals/page/2/ – Recommend starting with – (#1, #3, & #5 first – links below)
  • #1 – https://www.theinvestorspodcast.com/bitcoin-fundamentals/bitcoin-common-misconceptions-w-robert-breedlove/ 
  • #3 – https://www.theinvestorspodcast.com/bitcoin-fundamentals/bitcoin-a-deflationary-world-w-jeff-booth/ 
  • #5 – https://www.theinvestorspodcast.com/bitcoin-fundamentals/bitcoin-michael-saylor-a-masterclass-in-economic-calculation/ 
  • This is an outstanding 9 podcast series. Muscle through the sometimes amateur audio production quality. Michael Saylor is a visionary, who has overqualified background experience. – The “What is Money?” Show
  • The Ultimate Bitcoin 101 with Vijay Boyapati
  • What Bitcoin Did
  • Tim Ferris Show – Balaji Srinivasan 
  • Many, many more podcasts are available depending on which direction down the rabbit hole you choose.

    • YouTube

    • BTC vs. Gold debate
    • “The Best Bitcoin Debate Ever Recorded (Anthony Pompliano vs. Mike Green)”
    • Michael Saylor – CNBC
    • Ross Stevens (NYDIG)

      • Articles

      • The Bullish Case for Bitcoin
      • The Case Against Bitcoin
      • Why Bitcoin, The Series
      • Norwegian Billionaire Investor Letter on Bitcoin Investment
      • Illuminating the Path Forward – NYDIG

        • Books

        • The Bitcoin Standard: The Decentralized Alternative to Central Banking
        • Inventing Bitcoin: The Technology Behind the First Truly Scarce and Decentralized Money Explained – Here is a referral code to download this book free: https://www.swanbitcoin.com/Kurthian?gc=yanbook1020&utm_campaign=yanbook1020 
        • Bitcoin: Hard Money You Can’t F*ck With: Why bitcoin will be the next global reserve currency

          • Websites

          • Case Bitcoin. Lots of solid info/compilations of  news/articles/pricing
          • https://www.lopp.net/bitcoin-information.html
          • http://billybitco.in/
          • https://www.keepitsimplebitcoin.com/bitcoin-security-guide/ 

            • Graphs

            • https://wtfhappenedin1971.com/ 
            • https://www.lookintobitcoin.com/charts/stock-to-flow-model/ 
            • https://dcabtc.com/ 

              • Corporate custodianship and legal issues

              • Microstrategy Corporate adoption conference

                • Twitter 

                • Raoul Pal
                • Preston Pysh
                • Lyn Alden
                • Plan B
                • Willy Woo
                • Robert Breedlove
                • Greg Foss

                  • Buying Crypto

                  • If you decide to buy on a crypto exchange, I recommend coinbase PRO b/c it has the cheapest transaction fees. (https://www.coinbase.com/join/kurth_6)
                  • If you want to do daily buys at a cheaper trx fee, and then auto send to a cold storage device, I use Swan Bitcoin. I like to dollar cost average on a daily basis. https://www.swanbitcoin.com/Kurthian 
                  • If you’d like to earn % interest on your bitcoin, you can explore BlockFI. You get some money for signing up.
                  • For other digital assets that are not on Coinbase Pro, I use Crypto.com. Use code 2grceqsvjv for $25. Voyager is decent for more exotic coins.
                  • https://www.bitwiseinvestments.com/ is a good private equity index type option that I have used since 2017.
                  • From a brokerage account, GBTC and ETHE are reasonable bitcoin proxy investments, particularly in qualified retirement accounts.

                    • Dr Ian Kurth is the poster child of successful high paid professionals taking ownership of their personal financial situation. He is a neuroradiologist and he is also a member of our private community Wealth Formula Network. He’s an active participant there and in Investor Club and Physicians Wealth Formula.

                    LinkedIn: https://www.linkedin.com/in/ian-kurth-19836569/

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                    Wealth Formula by Buck JoffreyBy Buck Joffrey
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