Wealth Formula Podcast

Let's talk, for a minute, about how a bank works. You deposit money in the bank. These days, they pay you less than 1 percent interest. Because they are a bank, they are able to lend out most of the money you deposited. This is called the fractional reserve system. It's complicated and best addressed in detail on another episode. However, in a nutshell, this is how it works. The bank only needs to...

Your typical wealth advisor stresses the importance of a diversified portfolio. However, to them, that means investing in a variety of stocks, bonds, and mutual funds. I believe in portfolio diversification, but diversification should NOT be limited to different classes of paper assets that react to the emotional whims of normal geopolitical undulations. Diversification should […] The post 018: Ca...

The post 007: Kiyosaki's Quadrant from a Professional's Perspective appeared first on Wealth Formula.

Is the stock market about to crash? Is inflation about to take off? What should you do? The post 006: The crash is coming! appeared first on Wealth Formula.