Wealth Formula Podcast

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 re...

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...

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. 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...

I wanted to talk to Dr. Jim Dahle, he is a practicing board certified emergency medicine doctor and the editor of whitecoatinvestor.com. Both Jim and I strongly believe that financial education and investing is critical to your future. First, I interview Jim, and then you will hear me get interviewed by Pete Mathew of The Meaningful Money Podcast. My show focuses on all high paid professionals and...

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...

I have been talking to many high paid professionals like you lately who have found some inspiration from the guests that I have had on the show. Whenever I get a chance to ask people what kinds of things they want to invest in, they rattle off a lot of great stuff like real estate, mortgage notes, and even gold. Virtually everyone, including me, wishes they had all the money in the world to buy th...

When you put aside money for retirement, who's advice are you taking? Are you taking the advice of the wealth advisor who makes money every time you make a deposit? Why do you trust your wealth advisor? Is he or she wealthy? These are questions that are critical to ask yourself if you want to avoid dying broke. That may sound ludicrous to you. After all, you might be making $200,000 or $300,000 pe...

The words "real estate investing" conjure up many different images. For some, it might make you think of Vanilla Ice's reality show on flipping homes. For others, The idea of real estate makes you think of real estate moguls such as Donald Trump. The reason for these very different images is because real estate is a very large industry with multiple different niches. Going through all of the diffe...

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.