Wealth Formula Podcast

I have talked about Jorge Newbery several times on my show in the past. It has always been in the context of his 12 percent yield mind blowing fund. But little did I know that before that, Jorge was a real estate prodigy making literally millions of dollars from dilapidated, rejected, apartment buildings and resurrecting them back to life. His story also reminds us of the importance of failures in investing in order to know that things don’t always go as planned. Investing in apartment buildings is certainly my favored approach to wealth building but it is not without risk as some might have you believe. But then again, is the stock market without risk?

The key to success as an investor is education and experience. I’m a surgeon. When I was a resident learning a new operation, I always studied the textbooks closely before going to the operating room. Then, an experienced surgeon would walk me through the case. But true mastery did not come for any procedure until I finally left training and was out on my own.

The same holds true for virtually everything you try to learn, and often, the biggest lessons are learned from mistakes.

In this episode of Wealth Formula Podcast, we speak to Jorge Newbery about his book, Burn Zones that tells his dramatic story. If you are a real estate investor, you won’t want to miss it.

This show is about Tax Free Wealth with Tom Wheelwright. So with all my posts about taxes and my special report, you are probably thinking I’m a little obsessed with this whole tax thing. Well, I am and it’s in part because I read this book called Tax Free Wealth from Tom Wheelwright about 3 years ago. If you don’t know Tom, you should. He is Robert Kiyosaki’s tax guru and one of the Rich Dad advisors handpicked by Kiyosaki himself. I only have a handful of must read books in my resources section which you should check out at wealthformula.com and Tax Free Wealth is one of them. It is NOT a boring tax book. It’s actually well written and incredibly fascinating.

Folks…the biggest expense virtually all of you have out there is taxes. Furthermore, most of you think you can’t legally reduce your taxes and it is just what it is. You’re wrong. I know this from personal experience having worked with high level tax advisors and it has literally saved me north of 7 figures in taxes in the last 3-4 years alone. I’ve even told a bunch of you about some of my strategies and created a special report that is just a taste of what there is out there that the government WANTS you to do that results in big tax savings.

Okay..don’t take it from me. I’m just another doctor. But do me the favor of taking it from Kiyosaki’s guy, Tom Wheelwright! This week’s Wealth Formula Podcast episode could literally change your life.

I am not your typical physician if you have not figured that out. I am more of a “raging entrepreneur”. That doesn’t mean I’ve had only success. In fact, without question, I’ve failed lots of times but the difference between most people and me is that I keep trying until something sticks. I’ve used this same approach in brick and mortar multimillion dollar business enterprises, real estate, and…internet marketing.

A few years back, I got really into this idea of making money on the internet. I loved the idea that I could literally create a business on line that could make money with virtually no over head or even capital expense. Not a bad business model, right? So, I started teaching myself all sorts of different internet business models such as affiliate marketing off blogs, google adsense, etc. If you have no idea what I’m talking about, that’s ok. After all, neither did I. Furthermore, I made virtually no money doing most of this.

But… then I learned about self publishing ebooks on amazon and believe it or not, I started making $500-$700/month with random cook books etc that I didn’t even write myself! The best part…it was REALLY EASY.

Now, I know that many of my listeners are very interesting people with a lot of specialized knowledge to share with others and, in the process, create an additional source of income and/or a source for new clients. That’s why you will not want to miss this week’s episode of Wealth Formula Podcast which features an interview with ebook guru, Jim Kukral, You won’t want to miss this.

To be a successful investor, you must have a personal investment philosophy. You need to think about not only the deal but whether or not it fits in with your own goals and your view of the world. In this week’s episode of Wealth Formula Podcast, I give you my own framework for investing that has served me well for the last 7-8 years.

As a reminder, you can leave questions for me by going to wealthformula.com and clicking on the “ask Buck” icon. Also, if there is a topic that you think I should cover, let me know. Even if I don’t know anything about the topic, I bet I can find the right person to interview! Also make sure to let me know how I’m doing by leaving a review on iTunes and sharing the show with friends and colleagues.

My goal with the Wealth Formula Podcast is to build a community of likeminded individuals who can learn from one another. A community implies some level of interaction. Therefore, every once in a while I like to do a little show called “Ask Buck”. In this week’s Ask Buck episode, we had some pretty interesting questions about gold, debt, and inflation. I bet you will find some real value in it.

As a reminder, you can leave questions for me by going to wealthformula.com and clicking on the “ask Buck” icon. Also, if there is a topic that you think I should cover, let me know. Even if I don’t know anything about the topic, I bet I can find the right person to interview! Also make sure to let me know how I’m doing by leaving a review on iTunes and sharing the show with friends and colleagues.

Thanks to those of you who have reached out to me. It helps to know that I’m not just talking to myself 🙂