Wealth Formula by Buck Joffrey

Wealth Formula by Buck Joffrey episodes:

• 04.21.2024

  423: Campbell Harvey Says the Fed is WRONG on Inflation and Interest Rates

  Even really smart people are wrong on a regular basis. I see this all the time in health and longevity-related issues on my other podcast, Sapio with Buck Joffrey. In case you are wondering…yes, I have become one of those...

  
• 04.14.2024

  422: Avoiding Ponzi Schemes and Bad Actors

  The notion of moving wealth away from Wall Street into the hands of small private operators sounds great. However, it’s important to acknowledge some of the challenges of navigating these waters; challenges that many have witnessed first-hand in the podcast...

  
• 04.07.2024

  421: Turn Your Empty Space into a Self-Storage Business

  As soon as I finished training, I opened up a cosmetic surgery business. When I say business, I mean a business not practice. From day one, it was my intention to create a brand that I could hand off or...

  
• 03.31.2024

  420: Realtors Make Legal Settlement: Changes Made to What YOU Pay!

  The cost of real estate transactions affects everyone regardless of whether you invest in real estate or not. Why? Because the cost of the transaction will ultimately be included in the price of the real estate. One of the biggest...

  
• 03.24.2024

  419: The Ins and Outs of ATM Investing

  Last week I sent an update on the WF Velocity ATM Fund which currently has a live tranche. The email I sent, for reference, is below. The email prompted a number of questions that I answered and also thought it...

  
• 03.17.2024

  418: Using Math to Your Advantage

  In the long run, math is pretty much always right. That’s why insurance companies are so profitable. They make predictions using the law of big numbers. Math can predict pretty much anything. Even Sports! I just re-watched the movie Moneyball...

  
• 03.09.2024

  417: Market Update from a Former Sovereign Wealth Fund Manager

  I feel like I am going through another major transition in my life. I turned 50 last September—a fact that I deliberately chose not to publicize.  I hate to admit it, but much of my behavior is stereotypical divorced midlife...

  
• 03.03.2024

  416: Artificial Intelligence: The Mother of All Technologies

  In the latest surge of technological evolution, one titan stands out, reshaping our landscape with the silent swiftness of a revolution: Artificial Intelligence, or AI. It’s a term that sparks a spectrum of emotions, from exhilaration at the dawn of...

  
• 02.25.2024

  415: Tax and Return: Judge Glock

  “I’m from the government and I’m here to help.” Ronald Reagan described those as the most dangerous words in the English language. I generally agree with the Gipper who I have fond memories of extending back to the 1980 presidential...

  
• 02.18.2024

  414: The Safest Double Digit Returning Investment in History?

  When I was fresh out of surgical residency and started to make some money, I started looking for advice on what to do with it.  One of the questions I had was about life insurance. I was a newlywed and...

  
• 02.11.2024

  413: Social Security Scams and “Retirement” Planning

  Retirement means “ceasing to work”. In my case, retirement will describe me when I’ve died. I understand retiring from a particular activity. Like how I retired from the practice of surgery about eight years ago. But global retirement sounds dire....

  
• 02.04.2024

  412: Dual Citizenship: Plan B?

  The two most powerful motivations for behavior are fear and greed. If you haven’t thought about that before paying attention to the kinds of messaging you hear especially in the alternative asset podcast ecosystem? At the risk of offending gold...

  
• 01.28.2024

  411: Heads I Win Tales You Lose: The U.S. Banking System

  The challenge with investing is that you can do everything right and still lose. Unfortunately its supposed to be that way otherwise everyone would take the biggest bets possible all the time and always win. That’s just not reality. In...

  
• 01.21.2024

  410: Is Ray Dalio Really Who He Says He Is?

  My social life sucks. I moved to Montecito in 2017 from Chicago a married man with 3 children. When we got here, I didn’t know anyone.  Luckily, I had my family and was plenty entertained by my three little girls....

  
• 01.14.2024

  409: You Will Own Nothing and You Will Like It: Carol Roth

  As you may know, I have three daughters aged 14,11 and 8. The oldest, Camilla, is now in high school. For those of you who have been listening for me for a while, yes, that was the little girl who...

  
• 01.08.2024

  408: Boring is Good: The Case for Self Storage

  For those of you who have participated in our self-storage offerings in the past with Reliant Real Estate, you know that you can make a lot of money in this space. One of our deals, while not planned this way,...

  
• 12.31.2023

  407: New Year, New Business?

  Wealth Formula Nation, Happy New Year! I have a feeling that 2024 is going to be a good year for us. I think we are going to pick up quality assets at a discount like it’s 2012 and liquidity will...

  
• 12.24.2023

  406: Wealth Without Wall Street

  When I first started podcasting a decade ago, I was very anti-Wall Street. But what does that even mean? I guess I hadn’t really contemplated that. My show started not long after the financial meltdown of 2008-2009. For many of...

  
• 12.18.2023

  405: Another Perspective with the Cash Flow Ninja

  During college, I spent a summer working in a laboratory at the University of Chicago where my biochemistry mentor did his PhD. The lab studied prostate cancer and was the legacy of Charlie Huggins, a surgeon who won the Nobel...

  
• 12.14.2023

  404: An Update From AHP Servicing With Jorge Newberry

  In this bonus episode of Wealth Formula Podcast, Jorge Newberry shares with us some background on what’s been happening with AHP as well as his perspective on real estate and the debt market.

  
• 12.10.2023

  403: The Tax Case in the Supreme Court That You Must Know About

  You know what drives me crazy? Politicians talking about how rich Americans need to start paying their “fair share”. First of all, they aren’t really taking about the rich. They are talking about you—the high paid professional. To be clear,...

  
• 12.03.2023

  402: Investing with Benefits: Real Stories from Wealth Formula Nation

  As the end of the year approaches, many of us are thinking about ways to mitigate our tax liability for 2023. Unfortunately, this year there is not a whole lot in terms of options. The IRS has clamped down on...

  
• 11.26.2023

  401: Real Estate Market Trends

  A lot has happened over the past year in real estate. It goes to show how quickly things can change. Unless you have been living in a cave, you know that interest rates went way up really quickly. When that...

  
• 11.19.2023

  400: Trying Not to Run Out of Gas in Your Tesla

  When I moved to Montecito a few years ago, I was amazed at how many people didn’t seem to work. To be clear, we don’t have a homeless problem out here. We just have a lot of people who own...

  
• 11.12.2023

  399: Tax Mitigation Strategies in Real Estate

  It’s NFL season and I’m still glued to the TV despite my team’s rough start and the fact that we lost our starting quarterback for the year. In case you don’t know, my team is the Minnesota Vikings and our...

  
• 11.05.2023

  398: There’s More to Alts than Real Estate

  The world of real estate is kind of a cult. Members of this cult tend to think that pretty much anything outside of real estate is just a waste of money. I used to subscribe to this religion. And, for...

  
• 10.29.2023

  397: Prenups and Postnups: Marital Finance 101

  No one getting married thinks that they will ever get divorced. I can tell you that from personal experience. Yet over half of American marriages end up in divorce. I was lucky in that I had an amicable break-up. Most of the divorces I’ve...

  
• 10.22.2023

  396: Preparing for 2010

  The financial meltdown of 2008-2009 feels like ancient history. And like tragedies that happened long ago, it feel more historical and less emotional.  I remember going to Pompeii several years ago and seeing people turned to stone from Mount Vesuvius...

  
• 10.16.2023

  395: Tax Free Wealth and the Zombie Apocalypse

  I’m not a doom and gloom podcaster as a general rule. There are plenty of those out there predicting the zombie apocalypse. However, I have to say that I’m pretty sure I’ve been seeing some questionable zombiesque characters running around...

  
• 10.08.2023

  394: Beyond Real Estate: How to Cash Flow with Stocks

  My portfolio is not what most would call diversified. I am about 70-80 percent real estate, 10-15 percent permanent life insurance and about 10-15 percent higher risk stuff. My only stock exposure is only high-risk stuff like mining companies on...

  
• 10.02.2023

  393:Economic Impact of Emerging Technologies

  The post 393:Economic Impact of Emerging Technologies appeared first on Wealth Formula.

  
• 09.27.2023

  392: Back to School: Tax Mitigation

  The post 392: Back to School: Tax Mitigation appeared first on Wealth Formula.

  
• 09.25.2023

  391: Hedera/HBAR: My Asymmetric Dream

  Last week I did a back-to-school episode for you on asymmetric risk. I told you that my primary asymmetric risk related investments are in cryptocurrency. As a reminder, asymmetric risk investing means you throw in some money that, if you...

  
• 09.20.2023

  390: Back to School: Asymmetric Risk Investing

  Other Types of Asymmetric Investing Example of Asymmetric Investing: Cryptocurrency Considering Asymmetric Investing Examples of Successful Asymmetric Investing Personal Experiences with Asymmetric Investing

  
• 09.17.2023

  389: Back to School: Maybe This is All You Need?

  So far in our back-to-school series, we have covered asset protection, estate planning and my capital allocation strategy. Wouldn’t it be great if you could hit all these important concepts with a single investment? Well, as it turns out, you...

  
• 09.13.2023

  388: Back to School: Buck’s Investment Philosophy

  Asset Allocation Diversification and Leverage Permanent Life Insurance and the Wealth Accelerator Multi-Family Real Estate Asymmetric Investing: Taking a Risk How to Avoid Single-Point of Failure?

  
• 09.10.2023

  387: Lessons from a Sovereign Wealth Fund Manager

  Zulfe Ali is a broker dealer and investment advisor—but not your run-of-the-mill type in this field. He’s been in the middle of the action on Wall Street as a mergers and acquisitions guy for JP Morgan and Bank of America...

  
• 09.06.2023

  386: Back to School: Estate Planning

  Return to Personal Finance: Estate Planning Do You Need a Will? Is the Estate Tax Stupid? Avoiding the Estate Tax

  
• 09.03.2023

  385: Should you buy Silver?

  Those of you who have been listening to me for a while know that I am not really a precious metals guy. I know the arguments and I respect them. Gold has held its price over an unprecedented amount of...

  
• 08.30.2023

  384: High Mortgage Rates Does Not Equal Housing Crash

  I live in Montecito, CA. It’s a small beach town of about 5 thousand people at the southernmost part of Santa Barbara. I moved here from Chicago in 2017 and started living here as a renter. One thing I learned...

  
• 08.27.2023

  383: Back To School: Asset Protection

  I don’t know about you but my kids are about to head back to school. In this spirit of that, I thought it might be nice for us to get back to basics as well. For the next few weeks,...

  
• 08.20.2023

  382: Should You Consider Buying a Franchise?

  I have a medical degree and am a former board-certified surgeon. Yet that is not my identity. My identity is that of an entrepreneur and investor. This is an identify for which I did not go to school. Without trying...

  
• 08.13.2023

  381: Clean Energy Solves Only Part of the Problem

  It turns out that the conversation about getting out of fossil fuels and into green energy is a lot more complicated than just energy. Of course “black gold” has literally fueled our society into its wealthiest state since the beginning...

  
• 08.06.2023

  380: Investing Through the Eyes of a Fighter Pilot

  It has been a tough year for real investors. Inflation and interest rates have created distress and uncertainty. But let me remind you of a few things. Investing isn’t for the faint-hearted. EVERYONE loses at some point. The idea that...

  
• 07.30.2023

  379: Do Human Cycles Drive Economic Cycles?

  I was in high school when the Berlin Wall came down. The ensuing decade was really like no other I have experienced in my life. It was the 1990s. There was no more cold war. Decades of fear of nuclear...

  
• 07.24.2023

  Bonus Episode: Breakthrough in Early Cancer Detection?

  0:00:00 - Advancements in Cancer Detection Technology 0:00:35 - GRAIL Galleri test 0:02:11 - About Dr. Josh Ofman 0:05:14 - Cancer really is a disease of the genome 0:12:35 - Various guidelines for early detection of certain cancers 0:16:45 - Cancer Detection in Blood Biology 0:19:03...

  
• 07.23.2023

  378: Forcing Schools to Teach Financial Literacy

  Why is financial education not part of our school system? To understand that, you have to understand where our school system came from. Our educational system started during the industrial revolution and was influenced heavily by the Prussian system. What...

  
• 07.16.2023

  377: Why is Oil Still Expensive Despite Clean Energy?

  This week’s podcast is about energy. But before we do that I want to comment on a few things about our investing ecosystem. A decade ago when I first started playing around with this podcast concept I was very excited...

  
• 07.09.2023

  376: What Big Data Has to Say about Home Prices

  What a crazy ride it’s been. Despite Covid, plunging interest rates actually made home prices explode to new highs. In my own neighborhood, housing prices doubled. Then it started to look like the housing bubble had started to burst. There...

  
• 07.02.2023

  375: Stalking Economists for Answers: Richard Duncan

  Last week I called the economy schizophrenic. Actually, that’s an insult to schizophrenics. This is simply a dysfunctional economy. It’s the product of a good idea called capitalism with excessive intervention—namely by the Federal Reserve Bank of the United States....