The Wealth Formula Podcast by Buck Joffrey – Wealth Formula

By Buck Joffrey

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Financial Education and Entrepreneurship for Professionals

Episode Date
119: Why WAX is HOT!
51:55

I remember being a kid in the back of my parents’ car on long driving trips to Wisconsin—we used to go to a place called Wisconsin Dells which is kind of a “Las Vegas for children”—lots of water parks, go-karts, and stuff like that. We’d stay in a cheap hotel with a swimming pool and […]

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Aug 12, 2018
118: Return on Investment AND Return on Impact!
44:59

The other day, I was listening to the radio and heard that protesters were outside of JP Morgan Chase Manhattan CEO Jamie Dimon’s house protesting the bank’s investment into facilities that were used to separate children from their parents at the border.  Of course that story of separation has been all over the news and, […]

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Aug 05, 2018
117: BETTER than a Self Directed IRA!
37:33

One thing I’ve learned in life is that someone is always ready to tell you why something can’t be done and usually they are wrong. I had that happen with my first accountant. Years ago, I was reading some of Kiyosaki’s and Tom Wheelwright’s stuff and told him what I wanted to do. He told […]

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Jul 29, 2018
116: Central Bank Collusion with Nomi Prins
49:49

The central theme of Wealth Formula Podcast is that there are two investing worlds. One is for the poor, middle class, and the upper middle class. The other is for the ultra-wealthy. Now the funny thing is, that many of those in the middle and upper-middle classes could be investing like the ultra-wealthy but one […]

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Jul 22, 2018
115: Ask Buck with Lane Kawaoka
54:45

I don’t know about you, but I love the 4th of July holiday. I love getting together with family and watching fireworks—that’s for sure. But the 4th of July, to me, reminds of the greatest advantage with which I was born—the opportunity to grow up an American. I am two generations away from poverty in […]

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Jul 16, 2018
114: What is the Freedom Formula?
53:58

I’ve really been thinking about this thing lately that they call the law of attraction.  I’m sure you’ve heard of it. Remember a few years back when that book, “The Secret” came out and they made a movie of it as well? Actually, that book was sort of a rip-off of “the secret” that Napolean […]

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Jul 08, 2018
113: How to conquer burnout and the golden handcuffs
49:29

As you know, I left medicine entirely about a year ago. I still have a couple of medical related businesses but that’s about it. Without question, I have moved on. All of my physical and emotional energy are devoted to things outside of medicine. Why? Well, I used to think it was a touch of […]

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Jul 01, 2018
112: Death: The Ultimate Financial Hedge
43:51

Everywhere I turn, it seems like someone is talking about how the market could crash any day. As I write this, I see that the Dow has taken a beating today because of the Trump “tough on China” rhetoric.  Tariffs, rising interest rates, ballooned asset prices—is this baby going to blow or what? I don’t […]

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Jun 24, 2018
111: The Current State of the Economy with Doug Duncan
42:57

If you listen to Wealth Formula Podcast, there is a good chance you listen to other shows with similar themes and opinions. In my niche, the one on-going theme is that the zombie-apocalypse is just around the corner. The zombie apocalypse is of course another financial meltdown reminiscent of 2008 or worse. And to be […]

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Jun 17, 2018
110: What’s Your Financial IQ?: David Norris, M.D., M.B.A
35:47

Robert Kiyosaki told me that Rich Dad Poor Dad was written to be a promotional piece for his Cash Flow board game. He really did not write it with the intent of making money on the book itself. Well, that little promotional piece ended up being the number one best selling financial book of all time—not bad!  […]

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Jun 10, 2018
109: Tax Mitigation: The Nuclear Option!
59:19

What is Wealth Formula Podcast all about you ask? It’s not only the mathematical formula that underlies building wealth. That’s the easy part! It’s just arithmetic: Wealth=Leverage(Mass X Velocity) Mass is how much money you actually invest. Velocity is how quickly you can recycle that capital into another investments. And leverage, is using other people’s […]

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Jun 03, 2018
108: The Bitcoin Killer: Mance Harmon on Hashgraph
1:03:23

Why is it easier for the rich to get richer? Why is it that the “first million” is the hardest? Well, there’s lots of reasons for that and I go through them in some detail in Your Roadmap to Real Wealth. But one very important reason that the rich get richer is because they have […]

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May 27, 2018
107: Cash Flowing with Stocks with Andy Tanner
51:47

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 […]

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May 20, 2018
106: Entrepreneurship and Mobile Home Millions with Kevin Bupp
42:48

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 […]

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May 13, 2018
105: Cash Flow with Raw Land: Mark Podolsky
37:50

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 […]

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May 06, 2018
104: The Next Crypto BOOM with Teeka Tiwari!
44:55

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 […]

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Apr 29, 2018
103: Wealth Tips and Tricks with Jim Dew
37:48

I know I’m always ranting and raving about the evils of Wealth Advisors but the reality is that I have learned a great deal from some of them. You see, there is a difference between Wealth Advisors who work for you and those that live OFF of you. There is also a big difference between […]

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Apr 22, 2018
102: The Millionaire Mindset with Michael Bernoff
39:07

When I was a kid, $20 dollars seemed like A LOT of money. When I was a surgical resident making less than $50,000 per year in San Francisco, making $300,000 like my professors sounded like A LOT of money. Since embarking on my entrepreneurial and professional investing journey, I have had $300,000 MONTHS on multiple […]

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Apr 16, 2018
101: Invest like the rich with equityzen
45:00

One of the reasons I don’t like investing in the New York Stock Exchange is that by the time a stock become publicly traded, most of the upside is already gone. Let’s take Square, Inc. for example. This is the mobile payments firm with that software that allows pretty much anyone to take credit card […]

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Apr 08, 2018
100: Your Roadmap to Real Wealth!
52:16

In 2008, when I finished my surgical residency, my net worth was about negative $75,000—not bad considering that number included education until I was 33 years old! As you know, 2008 was also the year of the great meltdown of the financial system. Doctors that I knew who had been practicing for decades with the […]

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Apr 01, 2018
099: Profiting in Leisure with Beth Clifford
44:32

Before I had a clue on how to invest, I thought I could just figure it out on my own. How hard could it be? After all, it’s not brain surgery right? And to a certain extent that is true. The math is quite easy. And yes, there is a simple equation. Wealth=leverage(Mass x Velocity). […]

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Mar 26, 2018
098: Monetizing What You Know with Jonathan Levi!
42:05

When I first learned about the concept of cash flow investing, it was like a religious experience. In my case, I went around everywhere proselyting the virtues of cash flow investing to my friends. I was so excited about the concept that I couldn’t stop talking about it. In the process, I bored the heck […]

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Mar 18, 2018
097: Profiting from Broadway with Erica Schwartz!
49:27

If you’re heading into a dark cave for the first time, bring someone who’s been there before. That’s sound advice–not only for exploring caves, but also for investing your money. In fact, when it comes to investing money, it would be even better if you brought a geologist with you who had previously studied that […]

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Mar 11, 2018
096: Why Solar Might Start to Shine with Stephen Honikman
1:02:44

I don’t even watch the news anymore. The advent of the 24 hour news cycle combined with our reality television culture has changed what used to be “news” into entertainment. The fundamental problem with this juxtaposition of news and entertainment is that something that was supposed to be unbiased—just facts becomes something that has to […]

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Mar 04, 2018
095: Untold Secrets of the Successful: Jorge Newberry
45:26

“Sexual transmutation is the most powerful tool in existence when it come to creation, invention, accomplishment, creativity, advancement, and achievement.” – Napolean Hill, Think and Grow Rich This is a quote from one of my favorite books. It’s in the chapter than no one talks about on sexual transmutation. If you have read the book, […]

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Feb 25, 2018
094: The ONE thing with Jay Papasan
40:37

Are you a great multitasker?  Are you sure about that? After all, it’s impossible to think about two different things simultaneously (I am a former brain surgeon, I know). So, what does it mean to be a multitasker anyway? Well, I think most people loosely define this term as being able to get a bunch […]

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Feb 18, 2018
093: Self Storage is Sexy and Profitable!
41:06

Funny thing happened over the last few weeks—I learned how much people love the idea of getting rich fast! I’m sort of half way joking about this but we had two funds—both Reg D 506c offerings so I’m legally clear to talk about them. Anyway, one was a highly speculative crypto fund. I emphasized several […]

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Feb 11, 2018
092: Gold, Crypto, and AI with Kenneth Ameduri
42:24

Ray Dalio, legendary Hedge Fund Manager and over-all smart guy has been talking about the coming “financial winter” for the last few years. He’s looking at the same things we talk about on this show all the time–near zero interest rates for a decade, ballooning asset prices, quadrillion dollar derivative markets, etc. Neither Ray Dalio […]

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Feb 04, 2018
091: Crisis, Opportunity with Kathy Fettke
44:06

The Chinese word for crisis and opportunity is one and the same. I know this from personal experience. My entrepreneurial career was launched because of a crisis. It was 2009 and I had my first job out of training at a company called Lifestyle Lift.  You may recall late night infomercials showing miraculous rejuvenation of […]

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Jan 28, 2018
090: Podcasting for Fun and PROFIT!
1:04:49

Why the heck did I start a podcast anyway? A lot of people ask me that. Well, it went something like this. I used to listen to podcasts all the time—most of them real estate related. But after a while, I realized a few things. First of all, even if I liked a particular podcast, […]

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Jan 21, 2018
089: Why The Rich DO NOT use IRAs
57:50

I don’t have an IRA or a 401K. In fact, most people I know who are higher net worth do not. You see, what I’m realizing more and more as I continue to gradually climb up this wealth ladder is that there seems to be a separate set of rules at each stop. Don’t get […]

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Jan 14, 2018
088: Is Trump’s Tax Plan Good for You?: Tom Wheelwright CPA
1:02:56

Robert Kiyosaki’s CPA, Tom Wheelwright performed a miracle. He made me think taxes were interesting! Why? Well, most people think of taxes as, at best, a necessary evil and at worst down-right punative. But after reading Tom Wheelwright’s book “Tax Free Wealth”, he made me look at taxes a totally different way. As Tom likes […]

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Jan 07, 2018
087: Robert Kiyosaki on Why Educated Professionals Make Lousy Investors
43:43

You know, one of the interesting things about getting older is that you have the ability to look back and tell a story about yourself—to create a narrative about the moments and the people that, for better or for worse, changed the course of your life. I remember the day I decided to become a […]

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Dec 31, 2017
086: Tulips or Technological Revolution: Cryptotalk with Teeka Tiwari
45:50

In 1593 a Dutch botanist named Carolus Clusius planted several tulip bulbs in his botanical garden and over time he proved their ability to grow in the harsh conditions of the Low Countries. Tulips were new to Europe and they looked nothing like plants the Dutch had seen. Furthermore, a virus specific to the Tulips […]

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Dec 24, 2017
085: Accredited to Accredited with Gena Lofton
48:20

I am a refugee of the Thomas fires that crept dangerously close to my home in Montecito, CA. That’s why my audio sucks on the introduction of this week’s podcast. Fortunately the actual interview was done before my evacuation. As I mentioned in the introduction of last week’s show, I woke up to ash on […]

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Dec 17, 2017
084: Preparing for the Storm with Chris Martenson
55:08

I cannot tell a lie… Despite the fact that I am a libertarian and seem to run in circles with some pretty depressing people: I do not see the future filled with doom and gloom. I do not believe that the United States is screwed and that you should start preparing for Armageddon. I do […]

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Dec 10, 2017
083: What You Need to Know About Gold with Dana Samuelson
48:56

Thousands of years ago, in the Roman Times of Christ, you would go to your local store and trade your ounce of gold coins for a nice toga and a pair of sandals—something worthy of wearing to the coliseum. Today, an ounce of gold will buy you a pretty nice suit and a pair of shoes—something […]

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Dec 03, 2017
082: The Moral Case for Fossil Fuels
34:35

Why do you believe what you believe? Are you a republican or a democrat? Are you pro-choice or pro-life? How about guns? Should guns be outlawed in the United States? Do you ever look at the “other side” and wonder if they are absolutely nuts? “How could they believe what they believe and stand for […]

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Nov 26, 2017
081: Become an “Insider” with Nick Hodge
49:53

When you listen to my podcast or read my book, you might think I am rigid about my investing. After all, the principals of wealth creation that I teach are: Invest in cash flowing assets. Understand how your investments work. Invest in real things—things you can see touch and feel. Invest in things that people […]

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Nov 19, 2017
080: Ask Buck
38:39

Being a podcaster is kind of unusual. Last month I had over 30K downloads (not bad) yet I only speak to a fraction of you through investor club. Even fewer of you know each other despite the fact that you have a lot in common. The good news is that I will be launching a […]

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Nov 12, 2017
079: Self Directed IRAs and Solo 401ks with Theresa Fette
34:15

Last summer I learned how to swim for the first time. I was an athletic kid but somehow missed that window in my life when it was ok to not know how. After all, when you are two or three years old, not knowing how to swim is par for the course–but not when you […]

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Nov 05, 2017
078: Zen and the Art of NFL Football with Dr. Colleen Crowley
43:53

How our brains have evolved over time is a funny thing. The same things that make us wildly successful in life have the potential to make us miserable. This is the cruel paradox of the high achieving, high paid professional. We are strivers and we have very high expectations of ourselves. That’s not a bad […]

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Oct 29, 2017
077: Confessions of an Artificial Intelligence Hedge Fund Manager: Howard Getson
41:00

Why do I advocate investing in real things like real estate and precious metals instead of stocks, bonds, and mutual funds? Because I understand them and they are, for the most part, predictable. I understand that, when I buy an apartment building, people have to pay me rent. That property might go up and down […]

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Oct 22, 2017
076: Setting Your Wealth Thermostat: Rod Khleif
36:15

The wealthy think differently than most of us– Here’s the challenge–In order to be wealthy, you must think like the wealthy! “But Buck, if I don’t know how they think how can I do that?” Well, I’ll tell you. You see my job on Wealth Formula is to infiltrate the world of the wealthy. Think […]

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Oct 15, 2017
075: Maslow’s Hierarchy of Investing with Mike Ayala
22:47

In 1943, psychologist Abraham Maslow published a paper called “A Theory of Human Motivation.” In this paper he described, what has come known as, Maslow’s Hierarchy of Needs. Basically its a pyramid structure describing different human motivation drivers. At the bottom of this pyramid lies physiological needs–food, water, etc. The next level up is safety […]

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Oct 08, 2017
074: Make an impact AND make a profit!
25:25

I cannot tell a lie–in my first business I made a small fortune sucking fat from places where people didn’t want it and putting it back where they wanted more! I told Robert Kiyosaki about that last April and that’s how he remembered who I was the rest of the cruise. My wife hates it […]

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Oct 01, 2017
073: What the heck is bitcoin?
43:31

“Can you explain what internet is?” That’s the question Katie Couric asked her colleagues on the Today Show in 1994 as an equally confused Bryant Gumbel looked on. Now don’t you wish you knew what the internet was back then? Don’t you wish you had enough foresight to see this seismic shift in not only […]

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Sep 24, 2017
072: Automate Streams of Income Through Amazon!
35:59

Robert Kiyosaki opened my eyes to the notion of passive multiple income streams 9 years ago and it changed my life. Of course, my dad had been talking about “cash flow investing” since I was born but for some reason I was too dense to figure out what he meant. In the context of Kiyosaki, […]

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Sep 17, 2017
070: Real Estate Investing with Russell Gray!
43:42

I have said on a number of occasions that Wealth Formula Podcast is NOT a Real Estate Show. So why do we talk so much about real estate? Well, for people who want to grow their wealth, there simply is no other asset class with a better track record and more upside than real estate. […]

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Sep 03, 2017
069: Deconstructing Destructive Belief Systems
23:28

I have arrived to Southern California and I am now writing to you from my new office which, for the first time in Wealth Formula Podcast History, is NOT a part of my home. This time away from the show has given me some time to reflect. I do have a lot to say to […]

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Aug 27, 2017
068: Going to California
49:59

When I was in high school, I used to BLAST Led Zeppelin on my drive to school. My favorite album was Led Zeppelin IV. My music tastes haven’t changed much since then. In fact, my music repertoire pretty much ends 1992–the year I graduated high school. Even ’92 is a bit late for most of […]

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Aug 20, 2017
067: Estate and Asset Planning ESSENTIALS with Kevin Day
52:23

Several weeks ago, I sent out a “Weekly Wealth Widget” about BASIC estate planning–the stuff you absolutely have to have to protect your family in case you die. I was amazed at the high percentage of people who did not already have this information. That’s downright scary. Listen–no one likes to think about dying much […]

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Aug 13, 2017
066: G. Edward Griffin and the Institutionalized Theft of Your Money
34:34

I have been on a real anti-conventional wisdom kick lately if you haven’t noticed. You see, I think that conventional wisdom in personal finance is a big Wall Street scam! Invest in stocks, bonds, and mutual funds for the long run? Why is that conventional wisdom? Well, who benefits if you continuously dump money into […]

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Aug 06, 2017
065: Angel Investing with David S. Rose
23:49

If you haven’t figured it out yet, I believe strongly that investing is a team sport. Like team sports, it can be fun and rewarding–especially when you win. I talk to investors in Wealth Formula’s Accredited Investor Club all the time and often hear the frustration of those interested in investing outside of the equity […]

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Jul 30, 2017
064: The Step After Wealthy with Dean Graziosi
37:21

As many you know, I will be leaving Chicago in August to move to Santa Barbara, CA. For the last 5 years, my family and I have gone to the same beach house every August. It always ends up being the best couple of weeks of the year. So last year in August, I did […]

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Jul 23, 2017
063: Investing in Businesses with Victor Menasce
41:38

I have a lot of people in Investor Club who lend to flippers. These notes pay pretty well–I hear over 12-15 percent on a regular basis. These investors ask why they would ever invest in anything with less return. It’s a fair question but there is a very good answer. When you lend to people […]

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Jul 16, 2017
062: Investing in the ONLY Guarantee in Life
44:14

In 1789 Benjamin Franklin wrote, “Our new constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.” Well, if you have paid attention to any of my emails and posts in the last couple weeks urging you to download […]

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Jul 09, 2017
061: Investment Secrets of the Ultra Rich with Richard Wilson
33:40

The other day, I was speaking with a member of investor club and he said that it was very hard for him to look around and see funds (like AHP) that were offering double digit returns and take them seriously. He was comparing them to the low single digits of dividends in the equity markets. […]

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Jul 02, 2017
060: Cash Flow to the tune of Barry White with Jeff Schneider
24:53

Last week, my wife and I took our daughters to a town fair. We stayed until the end and as we were walking out were offered free cases of blueberry yogurt drinks and bottled ice coffees–whatever was left over from what they couldn’t sell at the fair. At my urging, my eight year old daughter […]

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Jun 25, 2017
059: An Economy on the Eve of Disaster with Peter Schiff
33:03

I keep reading about how the equity markets are bracing because of all of the things going on in the news–senate hearings on Trump and Russia, the referendum in the UK, and the fed about to raise rates again. People are worried about how these national and global events will affect their retirement money. Never […]

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Jun 18, 2017
058: Brain Surgery and Avoiding Financial Mind Traps with John Howe!
29:37

I used to be a neurosurgery resident–at least for a couple years before I realized that brain surgery did not suit my lifestyle. Actually, brain surgery was not really compatible with having a lifestyle at all! Anyway, I moved on but I sure did love neuroscience and the brain. When you operate on the brain, […]

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Jun 10, 2017
057: Personal Finance Tips and TRICKS with Jordan Goodman
33:16

I’m writing this the day after Memorial day. First of all, I want to take this chance to thank all of you veterans out there for putting your life on the line so that we can live the relatively carefree life that we do. Compared to the rest of the World, we’ve got a pretty […]

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Jun 04, 2017
056: Fannie Mae’s Chief Economist Speaks: Doug Duncan
57:04

It is route important to remember that when I have people on the show, it is purely for educational purposes. I want to expose you to asset classes and hopefully open up a new way of thinking. However, I want to make sure you understand that it does not mean I am endorsing those particular […]

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May 28, 2017
055: Confessions of a Cash Flow Ninja: MC Laubcher
47:50

Everyone grows up with some kind of belief system that is an amalgam of religion, culture, and life circumstances. These beliefs influence how we see the world and how we behave within it. Make no mistake, belief systems have a lot to do with how successful or not successful you are in life. I am […]

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May 21, 2017
054: Solar Profits with Bryan Birsic
30:00

Last week’s show with Chris Martenson was very popular and for good reason. Chris has done his research and thinks we are in trouble. He also gives us some solutions about how can potentially approach the world that he sees coming. For me, the biggest takeaways were related to some of his incites on social […]

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May 14, 2017
053: Peak Prosperity with Chris Martenson!
47:09

I have spoken in the past about how I believe that time is the currency of wealth. In other words, it’s not dollars or euros that most of us are after, but rather time. We want to be able to do what we want, when we want. Some of us love our careers and wouldn’t […]

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May 07, 2017
052: Be Passive and Prosper with Marco Santarelli
41:12

We are a culture of robots created by the industrial revolution. Our current public educational system was modeled after a system created by the Prussians in the early 1800s and was imported to us during the industrial revolution by guy named Horace Mann. This system was then fine tuned by a group of 10 guys […]

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Apr 30, 2017
051: Wealth Grows in Trees with Alex Wilson
39:15

Should you always invest in things with the highest returns? Well? That’s an interesting question. When I first started investing, that’s all I cared about. When I bought my first apartment building, I did the numbers and looked at the tax returns. It looked like I was going to get over 25 percent cash on […]

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Apr 23, 2017
050: Financial War with Jim Rickards
45:51

I just got back from the Real Estate Guys Summit at Sea. Wow!!!–those guys know how to deliver. If you don’t listen to their podcast, by the way, you should. It’s the Real Estate Guys Radio Show. There are lots of copy cat real estate shows out there but only one Robert and Russ! I […]

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Apr 16, 2017
049: Leverage is time with Ari Meisel
23:52

What is leverage? The action of a lever by definition is to gain some kind of advantage. It can be physical like when you are using a tool or, in finance terms, it is the use of borrowed money to enhance buying capacity (and hopefully increase return on investment). A few shows ago I emphasized […]

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Apr 09, 2017
048: Robert Kiyosaki’s Real Estate Advisor Ken McElroy
39:17

When I finished my training and figured out that I had to invest money somehow, the hardest thing for me was figuring out who to trust. The first apartment building I bought was a 14 unit building in the southern suburbs of Chicago. I would now characterize that as a C- to D+ area. My […]

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Mar 31, 2017
047: Making Yourself Rich and Giving to the Poor with Old Dawg Manassero
34:29

Everyone defines wealth a little differently. My own definition of wealth is in the form of an equation wealth=time. Time is my currency of choice. It gives me the freedom to do whatever I like with my life. For the last 2 days, I took my three little girls (8,4,2) sledding in in the afternoon […]

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Mar 26, 2017
045: Private Investing with Mauricio Rauld
36:32

My investor club is for “accredited investors.” What is an accredited investor? Well, it’s not something you apply for like it sounds. Being an accredited investor is just something you are or you are not…like you are either pregnant or you are not. An accredited investor is a defined by our friends at the SEC […]

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Mar 12, 2017
044: Small Change, Big Profits with Eve Picker
26:45

The ideal business is not one that is necessarily glamorous. I have a cosmetic surgery business that is uncomfortably glamorous for me–I’m not a really flashy guy. Nevertheless, my plastic surgeons do a great job of making people get over their body hangups. It’s not just about changing a person’s physical appearance, it is actually […]

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Mar 05, 2017
043: Inflated: How Money and Debt Built the American Dream-Christopher Whalen
40:53

In the 1980s, you could get double digit returns on your savings. Interest rates were that high.  That said, inflation was out of control as well so the real value of earnings might not be as attractive as it is at first glance but certainly better than today. Today’s economy punishes savers be eroding there […]

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Feb 26, 2017
042: Bonus Episode: Investing in the USA
34:34

I recorded this interview with Reed Goossens several weeks ago but could not figure out where to put it because it is focussed on investing the USA for foreign investors. I did not want to leave all you Yankees out for a whole week so I decided to broadcast this as a bonus episode. Going […]

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Feb 24, 2017
041 : Get Wealthy FASTER with “Momentum”
18:27

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 […]

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Feb 19, 2017
040 : Interest Rates, Mortgages and Apartment Buildings with James Eng
52:15

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 […]

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Feb 12, 2017
039: Chocolate Covered Profits with David Sewell!
33:24

I had a really interesting week. As you know I launched my book 7 Secrets of Eternal Wealth a week or so ago and it became an international best seller. I also got invited to appear on 7-8 TV show to talk about the book. So I’m excited to get our message out to more […]

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Feb 05, 2017
038: Trump, the economy, and the future with Lior Gantz
47:40

The inauguration was yesterday and the world is pretty much the same. It’s actually sunny in Chicago which is a rarity this time of the year Meanwhile, the Dow is going crazy…flirting with 20,000. Trumpenomics has got people excited. Small business future confidence indices are off the charts. The enthusiasm has not been this high […]

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Jan 29, 2017
037: Hotel Investing In Paradise with Robert Helms!
34:43

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 […]

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Jan 22, 2017
036: Cashing in with Cash Machines!
28:01

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 […]

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Jan 15, 2017
035: Surgical Investing with Tom Burns!
34:14

The elegance of Robert Kiyosaki’s Rich Dad Poor Dad is in its simplicity. You invest for cash flow. An asset is something that puts money in your pocket while a liability is something that takes money out of your pocket. That simplicity was frowned upon by Kiyosaki’s critics when the book came out. Financial critics […]

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Jan 08, 2017
034: Apartment Investing with Jake and Gino from Wheelbarrow Profits!
49:33

Happy holidays everyone! I hope you all had time to rest and rejuvenate. How about we make some New Year’s resolutions and stick to them in 2017. There are thousands of you out there listening to me from around the world. If you’re listening to my program, that means that you are already investing in […]

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Jan 01, 2017
033 : Robert Kiyosaki’s advisor on Asset Protection: Garrett Sutton
35:37

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. […]

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Dec 25, 2016
032 : Cash Flow vs Capital Gains with the White Coat Investor
1:08:57

As you know, I am pretty passionate about entrepreneurship and investing. Specifically, I tend to be dogmatic on investing in real assets. Am I right? I don’t know. Obviously I think so. That said, there are plenty of rational, smart human beings that are investing in a more traditional fashion. Are they wrong? Obviously I […]

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Dec 18, 2016
031: Get Rich Education with Keith Weinhold
30:12

It has been a crazy couple weeks for me. As some of you know, I am aggressively pursuing some deals in a couple of great US multifamily markets and I’m getting really close to getting some under contract. That’s good news for me and for my investors! If that sounds interesting to you, make sure […]

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Dec 12, 2016
030: Buying Turnkey Rental Houses in Alabama!
32:05

Real asset investing is not limited to the rich. In fact, if you look at the crowdfunding movement on the internet, you can now invest in just about anything you want. Crowdfunding laws in recent years were intended to rectify the “unfair advantage” that the more affluent had to investments with greater profit potential. But… […]

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Dec 05, 2016
029: Assisted Living: Huge Profits and Good Deeds!
36:36

No one wants to get old but it’s better than the alternative. Imagine getting to that age when you are unable to take care of yourself and you start feeling like a burden on your kids. What do you do? These days, most people in this situation end up at an assisted living facility. When […]

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Nov 28, 2016
028: The Story EVERY Real Estate Investor Must Hear!
28:02

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 […]

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Nov 21, 2016
027: Robert Kiyosaki’s Advisor Tom Wheelwright on TAX FREE WEALTH
48:25

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 […]

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Nov 14, 2016
026: Attention: This show will make you money!
36:07

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 […]

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Nov 07, 2016
025: What’s your Investment Philosophy?
19:27

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 […]

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Oct 31, 2016
024: Ask Buck: Gold, Debt, and Inflation
23:19

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 […]

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Oct 27, 2016
023: Use your IRA to invest in real estate and other real stuff
29:47

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, […]

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Oct 20, 2016
022: How Donald Trump pays no taxes and what you can learn from him.
28:35

Ask any tax professional about the tax code and they will tell you that it is 90 percent gray. Then why is everyone being so conservative? Well, professionals have a terrible fear of being audited. They have a terrible fear of breaking the law. I get it. No one wants that kind of stress in […]

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Oct 12, 2016
021: High paid professionals professionals dying broke: how to avoid the retirement deathtrap
16:16

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 […]

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Oct 06, 2016
020: Real Estate Cashflow and Capital Gains with Andrew Holmes
47:34

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 […]

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Sep 28, 2016
019: Cashflow from Owning Commercial Mortgages!
31:05

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 […]

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Sep 20, 2016
018: Cashflow from Specialty Coffee in Panama!
31:13

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 […]

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Sep 15, 2016