Wealth Formula Podcast

By Buck JoffreyBusiness Investing

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Wealth Formula Podcast episodes

February 19, 2017 041 : Get Wealthy FASTER with “Momentum”
I’m going to Belize next weekend. Actually, by the time you get this message, I will already be back. I’m looking forward to seeing some of you there at the field trip. Our Mahogany Bay Village investment opportunity in Ambergris Caye, Belize with its world class luxury affiliation is active and we are fast and furious on the raise. So if you are interested in this opportunity, don’t miss out. If you are an accredited investor, you can go to reefequitypartners.com and take another look at the deal. Of course, you can also go to wealthformula.com and sign up for investor club.
Lots of GREAT opportunities coming through the Investor Club pipeline over the next couple of months. By the way, if you have signed up for the club and have not talked to me yet, make sure you schedule your appointment with me ASAP. While the Belize offering is regulation C– meaning you do not have to have a pre-established relationship with me, if you want to invest in any future apartment buildings, you MUST have a pre-established relationship with me as we will be using regulation D. So…don’t miss the boat. Also, I am considering opening Reg D offerings to non-accredited investors if you consider yourself a “sophisticated investor.” A sophisticated investor is a type of investor who is deemed to have sufficient investing experience and knowledge to weigh the risks and merits of an investment opportunity. If you are not accredited but believe you fit the criteria of a sophisticated investor, reply to this email and lets get on the phone. Once I get to know you and your experience a little bit more, you might be eligible to participate in some of our deals and put some of that lazy IRA money to work!
Through our Investor Club, I’ve had a chance to speak to many of you over the last several days, and a lot of interesting conversations ensued. We’ve got a lot of interesting people with interesting skill sets in this group. One of the topics that came up is whether to go into active real estate investing or to be passive. This is a complicated question. However, my advice is this. Look at your own situation and figure out what your goals are. I define wealth as time and so time must figure that into your decision.
For example, if you are already making $200K or more per year and working over 40 hours per week, you have to figure out if it is worth it to add another job to your already busy life. Make no mistake, if you want to go solo with real estate or any other kind of investing, it is a business–especially in the syndication world. I have an analyst looking at 30-50 deals per month. The time that goes into being a “deal hunta” like my friend Peter Halm is significant. Therefore, it will either take you substantial amounts of time or cost you a significant sum of money as you hire the help around you to create a successful business. That is not to be discouraging. In fact, if you are not already making a lot of money and you love real estate, by all means, go for it. My point is that the entire goal behind entrepreneurship and investing should be to make our lives easier, not more difficult.
If you can make enough money to invest in passive income now, you have to look at the opportunity cost of adding additional layers of complexity and work to your life. I wrote about this topic in my book, Seven Secrets of Eternal Wealth in a chapter called “Momentum”. The book is still number one in multiple categories and you should consider picking up a copy on amazon if you haven’t.
Going back to the concept of “momentum”–in physics, Momentum=Mass X Velocity. In this week’s episode of Wealth Formula Podcast, I am going to relate this Newtonian formula to our Wealth Formula. Take a listen and tell me know what you think!
Buck
22 min
February 12, 2017 040 : Interest Rates, Mortgages and Apartment Buildings with James Eng
Wherever you stand on the political spectrum, you must admit that the Trump presidency has already demonstrated that it is going to do things differently over the next 4 years. Curiously, history shows us that presidents have very little to do with the state of the economy. Mostly, they are just in the right place at the right time or vice versa. Let's take Bill Clinton for example. Clinton's term coincided with the rise of the internet and the dotcom economy. Lucky for him, he got out before that bubble burst. During his 8 years in office, Clinton dismantled some of the most significant pieces of financial regulation we had and we did not see the negative implications of those choices until 2008. For example, the repeal of Glass-Steagall legislation occurred in 1999. Glass-Steagall was enacted by the United States Congress in 1933 as part of the 1933 Banking Act and separated commercial and investment banking. It restricted affiliations between banks and security firms. What does that mean, you ask? Quite simply, the repeal of Glass-Steagall made it possible for the big banks to become "too big to fail." Without this repeal, the global financial meltdown of 2007-2008 would not have been possible. But in November of 1999, Clinton declared "the Glass-Steagall law is no longer appropriate." Don't get me wrong, I'm not dissing Willy. My point is that most people judge presidents based on things with which they had little to do (ie. the dotcom era). The first George Bush got elected just as we were entering a recession...was that his faulty? Economist will tell you that he simply got caught in the cross-hairs of an oncoming recession. What if he was elected in 1992 instead of 1988? Now, in the case of Trump, we may actually being something a little different. If indeed he goes through with massive infrastructure projects, we will see a direct impact, for better or for worse, on the economy. The Trump effect already has made an impression. The dollar saw it's worst month in decades because Trump has repeatedly suggested that other currencies are undervalued. That necessarily means that Trump believes the dollar should be weaker and, going against the strong dollar policy that has been the rule since the Reagan administration, Trump is clearly advocating for the "weak dollar" and the markets see that and a sell-off of the dollar was the result. By the way, he wants a weak dollar to make our exports more attractive to other countries. Anyway, as an investor, the infrastructure projects have many implications. First, infrastructure projects mean inflation, almost by definition. Quantitative easing did not work well and you might wonder why printing billions of dollars would not have created inflation in and of itself. The reason is that the money was lent to banks. The bank, in turn, used it to improve their balance sheets and never really started lending the way the fed anticipated. Infrastructure projects, on the other hand, mean that the government is going to inject money directly into the economy. Think of the construction of bridges, etc. You put a lot of people to work along with manufacturers and ultimately, that money spills over into the rest of the economy as people spend their new earned money on things they want and need. That's why this kind of fiscal policy is referred to as helicopter money. If done, it will stimulate the economy and also INFLATION. So, as a real asset investor, we don't fear inflation because we are hedged against it. If you own rental property and inflation goes up, so do your rents. In fact, inflation will erode your debt and so having a mortgage is a great idea when inflation increases. How do interest rates behave through all of this? Well--everyone is so fixed on what the federal reserve is saying and doing. The reality is that interest rates have much more to do with bond markets than they do with the fed's yearly 25 basis point increase. So what determines what interest rates will be and how will that affect you and your ability to buy real assets in the coming years? Find out by listening to this week's episode of Wealth Formula Podcast as we discuss these concepts with James Eng of Old Capital Lending.
50 min
February 05, 2017 039: Chocolate Covered Profits with David Sewell!
Today's show is another opportunity that is open to non-accredited investors. David Sewell was previously on my show to talk about his turn-key business in Panama where you can literally buy coffee farms for long term cash flow. That show was a great hit and many of you actually bought some land I hear. David is a very smart guy with a great heart and he actually has a new opportunity about which you will be some of the first people to hear. Investing in coffee is very interesting because of the abundance of coffee drinkers and a growing market... it also helps that it is totally addictive. When you think about things that are not going away in the next 20 years, it's safe to say that coffee is one of them. What else is here to stay? Well.. I bet you chocolate will be around for a long time. The market is growing at a tremendous pace and---who doesn't love chocolate? My 3 little girls alone could keep that industry around for at least one more generation. On this week's episode of Wealth Formula Podcast, David Sewell will tell us how we, too, can profit from coffee farms!
33 min
January 29, 2017 038: Trump, the economy, and the future with Lior Gantz
Can Trump turn it around? Is he the new Reagan? Who knows. What I can tell you is that he faces substantially more challenges than Reagan did. He did not enter office in the middle of a giant asset bubble as we have now. He had a sluggish economy and high inflation but at least he had monetary policy to work with to get things under control with Paul Volker.
47 min
January 22, 2017 037: Hotel Investing In Paradise with Robert Helms!
Robert Helms and Russell Gray are known best as "The Real Estate Guys." This radio show and podcast is the number one real estate show in the world. Many of you already know them and listen to them. What most of you probably don't know, however, is that Robert and Russ are also very good at real estate development. In fact, they are currently developing the first Hilton in Belize which will be the largest hotel on the island of Ambergris Caye--the number one island destination in the world according to Trip Advisor. In this episode of Wealth Formula Podcast I will discuss the pros and cons of international investing with Robert. In addition, we will talk about the Belize market and specifically the Hilton project which they have been working on since 2013 but will be complete in about one year.
35 min
January 15, 2017 036: Cashing in with Cash Machines!
I have said it before, but the wealth formula is not just about real estate. it’s about owning things. If it’s real and it makes you money, it’s an asset and that’s all that matters. Obviously you can layer some conditions on top of that. For example, you may want to only invest in things […]
29 min
January 08, 2017 035: Surgical Investing with Tom Burns!
Dr. Tom Burns is another guy who was investing for cash flow before Kiyosaki's work. He was finishing orthopedic surgery training in the early 90s when he realized that, despite loving his profession, his profession was being attacked by HMOs and other external forces and that reimbursement would likely suffer over the course of his career. He was right. So after training, he began investing in real estate. Tom is an interesting guy. In fact, he was one of the first to even read Rich Dad Poor Dad and is even acknowledged in the second edition of Kiyosaki's classic (for more on that, listen to the episode).
35 min
January 01, 2017 034: Apartment Investing with Jake and Gino from Wheelbarrow Profits!
Today's show will feature a couple of guys who have really created their own destiny by taking massive action. Listen to the story of Jake and Gino from Wheelbarrow Profits as they go from being a drug rep and pizza guy to a powerhouse apartment investing team. It is truly inspiring and thoroughly entertaining. While you listen, think about what you could do today to start heading in the direction that you want and how you are going to get there. Some of you may decide that you want to go all in like Jake and Gino. Others may want to take a more passive role and invest through communities such as my own investor club, other syndication groups, or through turn-key providers.
50 min
December 25, 2016 033 : Robert Kiyosaki’s advisor on Asset Protection: Garrett Sutton
Everyone has to protect their assets. The problem is that most of us don’t think about it very much until it’s too late. We live in an incredibly litigious society. Who knows when you might get into a fender bender or one of your kids does and the next thing you know you’re getting sued. […]
36 min
December 25, 2016 033 : Robert Kiyosaki’s advisor on Asset Protection: Garrett Sutton
Everyone has to protect their assets. The problem is that most of us don’t think about it very much until it’s too late.
We live in an incredibly litigious society. Who knows when you might get into a fender bender or one of your kids does and the next thing you know you’re getting sued. The time to plan for situations like this is now…not after the fact. Fraudulent transfers after an accident are pretty obvious to lawyers.
Think of asset protection as attorney repellant. You spray it on as thick as you can so those blood suckers don’t get you. Remember, I’m a doctor so I have a natural aversion to attorneys. That is, except for attorneys on my side.
Garret Sutton is one of the guys on my side. He also happens to be Robert Kiyosaki’s asset attorney. Although this topic may not sound SEXY…you’re going to want to listen to this week’s interview with him on Wealth Formula Podcast. There are simple, inexpensive ways to protect yourself and you can even use Kiyosaki’s guy to get it done for you!
Enjoy the show,
36 min