Wealth Formula

Wealth Formula

By Buck JoffreyBusinessInvesting
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Wealth Formula episodes

  • 110: What's Your Financial IQ?: DAVID NORRIS, M.D., M.B.A
    David Norris, MD is a physician with an MBA. He helps physicians and other professionals with small business to learn about basic accounting and financials. He believes in financial education at which starts with accounting. learn more about investing for high paid professionals at https://www.wealthformula.com/
    37 min
  • 109: Tax Mitigation: The Nuclear Option! (Conservation Easements)
    Conservation easements are used by the wealthiest people in the country as part of a tax mitigation strategy. Donald Trump and Ted Turner are known users of conservation easements. Conservation easements can be used by accredited investors who are not millionaires as well. Wealth Formula Podcast with Buck Joffrey, MD is dedicated to providing strategies of the ultra wealthy to high paid professionals such as doctors, lawyers, and engineers. https://www.wealthformula.com/conservation-easements/
    44 min
  • 108: The Bitcoin Killer: Mance Harmon on Hashgraph
    Visit https://www.wealthformula.com/ for more inside financial secrets
    Hedera Hashgraph cofounder (along with Leemon Baird) Mance Harmon discusses Hashgraph including Swirlds hashraph private ledger and the new public ledger called Hedera which is a next generation distributed ledger technology that is superior to blockchain technology such as ethereum in terms of speed, scalability, and privacy. Mance Harmon is interviewed by Buck Joffrey of Wealth Formula Podcast who is a professional investor and cryptocurrency enthusiast who has been monitoring hashgraph for the past year and is very bullish on the project.
    1 hr 5 min
  • Cash Covered Puts explained by Andy Tanner
    After recording our podcast together, Andy Tanner, one of Robert Kiyosaki's rich dad advisor, decided to give us a treat and explain to us the strategy that Warren Buffett uses to gain wealth!
    Check this out, and listen to the podcast episode with Andy Tanner here:
    https://www.wealthformula.com/podcast/107-cash-flowing-stocks-andy-tanner/
    23 min
  • 107: Cash Flowing with Stocks with Andy Tanner
    Visit https://www.wealthformula.com/ for more financial secrets of the Ultra Wealthy!
    Some times when I go back and listen to my podcasts from when I first started this show, I think to myself, “This guy is clueless.”
    Of course I wasn’t clueless. I still knew more than most about investing but man have I evolved. 
    The key to that evolution has been my ability to not be dogmatic about anything. 
    That’s tough—especially in the investing world. The paper people think that real estate investors got it all wrong and real estate investors think paper is for idiots.
    I used to believe that permanent life insurance was one of the worst investments you can make. Why?…because some other doctors told me that. 
    And while the policies they were looking at were likely not good investments, I had no idea that products and strategies like Wealth Formula Banking™ or Velocity Plus™ existed until I got to know some people who had a lot more money than those doctors.
    Never take financial advice from people who make less money than you do!
    People have a nasty habit of picking “camps” and defending them even if it is not in their best interest to do so.
    Just look at modern politics. I am a libertarian who believes in small government and lower taxes for small business. Therefore, I tend to vote conservative (although I have my limits when it comes to character). 
    On the other hand, why are people in the working class voting for conservative candidates against their own economic interests? 
    It’s not smart to be close minded and argue against things you don’t understand. At least try to understand them first!
    That’s why I asked this week’s guest on Wealth Formula Podcast, Andy Tanner to be on the show. Andy is one of Robert Kiyosaki’s Rich Dad Advisors and happens to be an expert on investing in paper assets. 
    It sounds almost paradoxical to use the name “Kiyosaki” and paper assets on the same page without some sort of expletive doesn’t it?
    Well, if you listen to this podcast, it will make sense why Andy is a Rich Dad advisor. He may be an equity market guy, but he’s all about cash flow.
    You’re going to love this show and, if you already have money in the stock market, this show is mandatory listening.
    Check it out!
    52 min
  • 106: Entrepreneurship and Mobile Home Millions with Kevin Bupp
    Visit https://www.wealthformula.com/ to discover hidden financial secrets that wall street doesn't want you to know
    I am proud to say that I have overcome a major handicap to become a successful entrepreneur. It took me 33 years to figure out how to get past this obstacle… but I did it.
    I’m proud of that fact because very few people with this fate in life become successful business people and even fewer become successful investors.
    What was this handicap you ask? Well, you see…I was born an A student.
    I got good grades in high school and college and graduated at the top of my medical school class. I even got into one of the best neurosurgical training programs in the world. Did you know that more people become professional athletes every year than neurosurgeons?
    Yes indeed. I reveled in my academic success. I pumped out scholarly papers and book chapters like there was no tomorrow.
    In fact, I remember telling my dad that I was published in a journal called Neurosurgery two months in a row.
    You know what he said? “Congratulations. How much do they pay your for that anyway?”
    Silly dad, I thought. He just doesn’t get it. He’s too busy being a slum lord to understand my world. What I’m doing is important. It’s meaningful. It’s not just about the money.
    I thrived on academic achievement and being recognized as smart and important. It was my currency. And for those who are good at school and who constantly get positive feedback, it’s addictive. The accolades create a feedback loop. With every accomplishment, award, or title there is a dopamine hit that makes it harder and harder to ever get outside of your own world.
    That’s why I call being an A student a handicap to becoming an entrepreneur. A students don’t get to experience failure. In fact, they become so accustomed to success in school that they are often unable to function without someone telling them what to do. And the idea of going into free fall as an entrepreneur terrifies them.
    Think of the smartest people in high school—did any of them become entrepreneurs? Probably not.
    Most entrepreneurs come from the school hard knocks. Life doesn’t hand them an easy out and most of them weren’t particularly good students. They had to wing it and develop the ability to improvise and deal with failure. That quality also happens to be the hallmark of the successful entrepreneur.
    That describes my guest on Wealth Formula Podcast today. Kevin Bupp went from a middle class family and little aptitude for school to starting multiple successful businesses including a highly successful venture into the mobile home park world.
    Listen to his story on this week’s Wealth Formula Podcast!
    43 min
  • 105: Cash Flow with Raw Land: Mark Podolsky
    Visit https://www.wealthformula.com/ and learn more financial secrects of the ultra wealthy!
    It's actually not that hard to make money. Yes... I said that. And, I mean it.
    You see, everywhere I turn, I see opportunity. Why am I seeing things that others aren't? Well, I think it's because I'm not looking the same place that most people are.
    You see, there is a herd mentality amongst investors. We see what others are doing and we want to do the same.
    The problem is that when a lot of people are doing the same thing, it brings about competition and there is nothing that can kill a profit margin like competition.
    I learned this from the business world. My first business was a cosmetic surgery practice in Chicago. There is a cosmetic surgeon on every block in Chicago. It's glamorous and every surgeon wants to be famous and on TV.
    Luckily, I didn't care to be famous. I just wanted to make money. So, I focused on building my brand rather than my fame and that made it so I could scale past the other “famous doctors” pretty quickly.
    That said, if I had to do it again, I would not pick cosmetic surgery as a business.
    A friend of mine was telling me about his father-in-law who created an empire in the janitorial services industry. My friend asked him how he did it and his father-in-law said it was easy because “No one else was interested in the business of cleaning of shit”.
    The businesses I started since that initial cosmetic business have been much easier to profit in because they are not glamorous. I have realized that the less glamorous the business, the easier to profit.
    The same could be said about investing. It's very hard to invest in apartment buildings right now because everyone wants to be an apartment investor. That's why it took me over a year to get behind a deal to present to investor club.
    On the other hand, no one seems to be rushing towards raw land. Yet, my guest on this week's Wealth Formula Podcast appears to be crushing it in this unusual part of the investing world.
    But I'm not surprised. If you figure out how to catch fish where non one else goes fishing, you're bound to come out a winner.
    That's pretty much what Mark Podolsky did with raw land and we will hear exactly how on this week's Wealth Formula Podcast.
    Buck
    Shownotes:
    [00:07] Introduction
    [10:10] Buck introduces Mark Podolsky
    [10:52] Mark’s background
    [13:57] Raw landing investing - how does it work?
    [20:32] Purposes of buying raw land
    [22:35] Websites to buy land
    Landsofamerica.com Landandfarm.com landmodo.com Landflip.com landhub.com [29:32] Learn how to start this business
    https://www.thelandgeek.com/ Email [email protected] with the subject line “Wealth Formula” and receive Passive Income Launch Kit (Originally priced at $97) for free [34:18] Mark Podolsky’s podcast: The Art of Passive Income
    [35:44] Outro
    36 min
  • 104: The Next Crypto BOOM with Teeka Tiwari!
    Visit https://www.wealthformula.com/ and learn the financial secrets from the ultra wealthy.
    We are living in a world that is technologically transforming at light speed and distributed ledger technology is on the cusp of that metamorphosis.
    Most people think of distributed ledger technology in terms of bitcoin—but bitcoin only scratches the surface of what will be the most important technological advancement since the internet.
    That is the reason that when my cryptocurrency portfolio dropped in value by over 50 percent, I just bought more.
    And now, I believe we are on the precipice of the next big move upward in this market. 
    Behind the scenes, the big money knows this. Despite Jamie Dimon’s commentary and the big banks’ resistance to the movement, smart money is moving in for the kill.
    Institutional investors like Black Rock, Wellington Capital and billionaires like George Soros have taken note. And when they finally make their move, it will happen quickly and explosively and extraordinary amounts of wealth will be created.
    I truly believe this.
    The question is, what are you going to do? If you want to sit on the sidelines because of the speculative nature of the investment, I don’t blame you.
    On the other hand, if there was ever a time to consider skipping the new BMW and buying some cryptocurrency instead, it might be now.
    If you want an introduction to distributed ledger technology, a good place to start would be episode 86 of Wealth Formula Podcast when I first interviewed Teeka Tiwari of the Palm Beach Confidential Newsletter.
    Lots has changed since then but I had the good fortune to speak to him again recently to catch up on what’s going on in the crypto world.
    What you will find is that If you have a fear of missing out on the opportunity of a lifetime, it may be warranted.
    Listen to the interview now!
    Buck
    Shownotes:
    [00:07] Introduction
    [06:18] Buck introduces Teeka Tiwari
    [08:00] What happened to the crypto market?!
    [10:34] Why is the market so volatile?
    [14:43] What’s in store for us in the next few years?
    [18:21] Bitcoin dominance?
    [23:43] Distributed ledger technology is here to stay
    [27:45] How does regulation affects the crypto market?
    [33:20] Where does Bitcoin end up at the end of 2018? In 5 years?
    [41:00] Get in touch with Teeka
    Joinbigt.com [42:44] Outro
    44 min

About Wealth Formula

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The Wealth Formula - by Buck Joffrey