Avsnitt
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Charlie Munger, the late sage of value investing and Warren Buffett’s right-hand man, once said there are only three ways a smart man can go broke: “liquor, ladies, and leverage.”
Now, of the three, leverage is the sneakiest. It shows up dressed like opportunity, whispers promises of scale and speed, and before you know it—you’re in a capital call or margin call.
But let’s be clear: leverage isn’t the enemy. In fact, if your goal is to become truly wealthy—if you want to build lasting, generational wealth—you’re going to need it. Unless you’re one of the lucky few who can throw a football 70 yards or sell out Madison Square Garden, leverage is your ticket to the big leagues.
At its core, leverage is simply using other people’s money—or time—to amplify your results. It’s a mortgage on a cash-flowing property, a business line of credit, or a carefully constructed insurance strategy. When used properly, it’s the financial version of driving a car instead of walking. It gets you there faster.
Leverage magnifies everything—the gains, yes, but also the losses. It’s the volume knob on your financial life. And in the last few years, when interest rates skyrocketed at the fastest pace in modern history, that volume went from background music to full-blown chaos.
And here's the thing: it wasn’t just the rookies who got caught. This cycle humbled everyone—developers with decades of experience, funds with billions under management, and institutional players with Ivy League MBAs. When the tide went out, even the smart money found itself swimming without trunks.
Some were caught overleveraged. Others had short-term debt in long-term projects. And a whole lot of people made the fatal assumption that the low-rate environment would last forever.
It didn’t.
But…just like the last financial crisis, this kind of wreckage creates extraordinary opportunity—if you know how to navigate it.
Because as painful as the last couple years have been for real estate investors, they’ve also opened the door to a once-in-a-decade setup. Distressed assets. Motivated sellers. And amidst all the carnage, leverage—used carefully, conservatively, and respectfully—can once again become the powerful tool it was meant to be.
This is not a time for fear. It’s a time for strategy. For discipline. For underwriting with humility and deploying capital.
This week’s episode of Wealth Formula Podcast is a postmortem on what went wrong in real estate over the past few years as interest rates surged and markets shifted. We break down the hard lessons learned—even by seasoned pros—and explore why today’s environment is starting to resemble the rare window of opportunity we saw in 2010–2011, in the wake of the mortgage meltdown. -
When it comes to building wealth, the allure of exotic investment products can be hard to resist.
From cryptocurrencies to rare collectibles, these options promise excitement, exclusivity, and the potential for big returns.
But are they truly superior to buying the market or some rental real estate? Let’s take a look at a few popular exotic investments.
1. Cryptocurrency: High Risk, High Reward?
The upside is real—early adopters have seen life-changing gains, and blockchain technology offers genuine innovation. However, the volatility is intense; prices can crash as fast as they soar, and risks like hacks or regulatory shifts loom large.
Compared to the stock market’s historical 7-10% average annual return (adjusted for inflation), crypto offers a wild ride that can pay off—but only if you time it right. In my opinion, if you want to jump on the ride, there is no better time than now.
2. Rare Collectibles: Passion Meets Profit
Investing in art, fine wine, or vintage cars blends enjoyment with potential gains. A well-chosen piece can appreciate significantly.
For enthusiasts, the emotional reward is a big draw. On the flip side, these markets are illiquid (selling takes time and effort), and costs like storage, insurance, and commissions add up.
Unlike real estate, which generates rental income, or stocks with dividends, collectibles don’t pay you while you hold them.
3. Private Notes: High Yields with a Catch
Private notes involve lending money directly to individuals or businesses—often real estate developers or small companies—in exchange for interest payments, typically offering yields above traditional bonds or savings accounts.
It’s a chance to earn solid returns, sometimes 8-12%, while supporting specific projects or borrowers. The appeal lies in the potential for steady income and the ability to negotiate terms.
However, defaults can spike during economic downturns, and your money is often locked in until the note matures.
Compared to real estate, which offers rental income and appreciation, or stocks with liquidity and diversification, private notes are a niche play that requires careful vetting of borrowers to make sense.
4. Private Equity: The Elite Investment That’s Not Always Golden
Speaking of niche plays, private equity (PE) often comes up as the ultimate exotic investment, especially for the wealthy.
It’s frequently billed as a special opportunity reserved for the elite, where funds pool big money to buy, revamp, and sell companies for hefty profits. The perception is that PE is a gold mine, delivering returns that leave the stock market in the dust.
But is it really the wealth-building powerhouse people think it is? This week’s guest on the Wealth Formula Podcast argues that private equity might not be the golden ticket it’s cracked up to be. -
Saknas det avsnitt?
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As I reflect on the difference between Trump's first administration and his current one, I notice a marked shift. When Trump first took office, his message and objectives weren't clear to me. Beyond the promise of building a wall, I struggled to understand his vision.
This time around, it's vastly different. His message is laser-focused, and I've been particularly intrigued by the administration's economic approach. Many of his advisors and cabinet members come from the private sector, bringing a deep understanding of markets and business that's unprecedented in American government.
One of the most notable figures often in the news is Elon Musk. There are mixed feelings about him now, with some people even vandalizing Teslas—a stark contrast to how he was viewed just a few years ago as an icon among liberals. Personally, I admire Elon for his vision and commitment to changing the world through Tesla and SpaceX. He doesn't need to be involved in these endeavors, but his passion for making a difference is evident. I believe his efforts to impact America's economy align with his broader mission. What better way to change the world than by strengthening the economy of the greatest nation on earth?
However, Elon isn't the only notable figure Trump has brought on board. There's an impressive roster of individuals, including Treasury Secretary Scott Bessent, who might be the mastermind behind Trump's overarching financial plan for America. I've been following Bessent closely, reading his statements and listening to his insights. When I tune in to what he has to say, the confusing aspects of the current economy become much clearer.
On this week's episode of the Wealth Formula Podcast, I'll share what I've discovered and what I think it means. -
Renewable energy is often discussed in political terms, but here's a straightforward look at the financial side.
In the last decade, solar energy costs have fallen dramatically—by nearly 90% since 2010.
In top markets, solar panel costs dropped from about 29 cents per kilowatt-hour to under 3 cents. By contrast, new coal and gas plants still cost between 5 and 17 cents per kilowatt-hour, and these figures don’t include the unpredictable nature of fuel prices.
According to firms like Lazard, solar and wind power now average around 2 cents per kilowatt-hour, while operating existing coal plants typically costs 4 to 8 cents. This clear cost advantage is encouraging a shift away from fossil fuels.
Globally, the change is evident. Countries like China, Europe, the United States, and India are ramping up their renewable investments, with almost every new power plant built today relying on solar or wind.
Nuclear power is also seeing increased investment as a reliable, low-carbon option. As we have discussed on previous shows, that is my primary reason for being so bullish on uranium stocks.
The bottom line is that even if you’re not interested in the conservationists' approach to energy, renewables are replacing fossil fuels rapidly.
This week’s guest on Wealth Formula Podcast will help you capitalize on that. -
It's been some time since we did an Ask Buck show, and I realized last week that I have some unanswered questions in the inbox.
The first question I read ended up being kind of a broad one, but it made me really think about how it all started for me.
I started this podcast over a decade ago after realizing that there were not a lot of good resources for high-paid professionals to learn about personal finance.
Of course, there were the Suze Ormans of the world, but what I wanted to do was to share what I had learned in my attempts to mimic the wealthy when I first came out of surgical residency training.
There were many painful lessons along the way on my own journey. But I did manage to put it all together better than most.
With that, I feel comfortable providing perspective on how I would do it if I were starting over again today. That’s exactly the question I got from one of our listeners and the one question I will address on this week’s Wealth Formula Podcast. -
I really hope you listened to last week’s episode of Wealth Formula Podcast. If you did, it may have convinced you to get some exposure to bitcoin in your portfolio.
And if you did that last week, all I have to say is…WELCOME TO CRYPTO!
As of this writing, bitcoin is trading at approximately $84,000, a decline of over 20% from its recent high of nearly $107,000.
If you’re not used to this kind of volatility, get used to it. And, I might also make the suggestion that you embrace it! Why?
Well, lets take a brief look at some bitcoin history:
2013 Cycle: This is ancient history of course. But Bitcoin reached around $260 in early 2013 before falling to nearly $70 by mid-year—a decline of about 73%. Over the next seven months, the price recovered to approximately $1,200 by November 2013.
2017 Record-Breaking Year: I had the pleasure of being part of this one having entered the bitcoin world in 2016 myself. Bitcoin started 2017 at roughly $1,000. Early in the year, it experienced a correction, falling approximately 34% to around $660. However, by December 2017, Bitcoin had risen to nearly $20,000—an increase of nearly 20 times within one year.
2020 Cycle with Institutional Interest: Prior to the May 2020 halving, Bitcoin traded at about $10,000 before a 20% retracement brought it to around $8,000. The recovery following this dip was notable to say the least, with the price reaching roughly $64,000 by April 2021.
The point I am making, of course, is that bitcoin has historically experienced significant corrections which have often led to rapid recoveries within defined periods.
It is not insignificant that there are some big buyers out there in 2025. The current dip coincides with increased interest from institutional investors:
Financial Institutions: Banks and financial services firms are increasingly offering Bitcoin-related products.
Corporate Adoption: More companies are adding Bitcoin to their treasuries as a hedge against inflation.
Spot Bitcoin ETFs: The approval and launch of spot Bitcoin ETFs in the U.S. have attracted additional institutional capital.
This increased involvement has shifted the perception of Bitcoin from a speculative asset to one that is integrated into diversified portfolios. Even in 2017, a lot of smart people truly thought that bitcoin would crumble to nothing.
But now we even have government entities exploring bitcoin’s role as a reserve asset. Countries such as El Salvador have adopted Bitcoin as legal tender, and others such as the United States are evaluating its potential as a reserve asset.
Some U.S. states are considering legislation to allocate up to 10% of public funds to digital assets.
The point I’m making here is that bitcoin is not going to zero. In fact, the finite amount of bitcoin along with all the new buyers can mean only one thing over the next few years: bitcoin is going up in value.
What I am trying to say here is that you may seriously want to consider buying the dip. This is, of course, not financial advice. You can speak with your wealth advisor who knows nothing about bitcoin to do that lol!
Oh, and by the way, Solana got slaughtered too. And so you might look into that one as well since its better then ethereum in virtually every way but has a fraction of the current market capitalization.
If you are getting sick of all this crypto talk, I apologize. In fact, this week’s episode of Wealth Formula Podcast was supposed to be about gold and silver. But it turned out even the gold bug I interviewed had gotten infected by bitcoin and the conversation moved in that direction pretty quickly! -
To my credit, I was relatively early in my recognition that Bitcoin was for real and that it wasn't going to zero. It was 2016, and, up to this point, I had the misfortune of hearing only one narrative about Bitcoin—that of Peter Schiff.
Peter is a very smart guy and quite convincing if you listen to his podcast. At the time, I was an avid listener and my opinion on bitcoin was shaped only by his view.
It wasn't until I went to an entrepreneurs' meeting in the Fall of 2016 that I heard the real narrative behind Bitcoin for the first time. Now's not the time for me to explain it, but for those of you who are interested, I would suggest reading The Bitcoin Standard by Saifedean Ammous.
Inspired by this new perspective, I went home from that meeting and bought Bitcoin for the first time—at about $5K. In fact, with bitcoin fluctuating up and down I managed to acquire a decent "bag" of bitcoin by the time "crypto winter" arrived in 2017.
Fast forward to today, and that bitcoin would be worth eight figures had I held it. But I did not. You see, in 2019, I had some bills to pay, and the Bitcoin price hadn't moved in a couple of years.
Selling my Bitcoin seemed like the easy solution. After all, I reasoned, I could always buy it back. Well, I never did buy it all back. My family acquired some through kids' trust over the years, but nowhere near the amount that I initially had.
This decision ended up being one of the most painful financial lessons I've learned over the years (and there has been plenty of pain!).
And the lesson is not just about Bitcoin. The lesson is about following your convictions. If you go back to my podcasts on Bitcoin over the past 7-8 years, you can hear it in my voice.
Throughout that time, I made predictions over and over—many of which have come to fruition already and others that we seem to be on the verge of.
So why, given my convictions, don't I own much Bitcoin? Because I didn't follow through on those convictions. I thought I could get in right before things started taking off. Rather than accumulating bitcoin along the way, I waited for just the right price—which never seemed to be low enough.
In hindsight, what difference would it have made if I bought at 3K, 5K, or even $20K at this point? If I believed, as I have predicted that bitcoin would hit $250K within the next 3 years, why would that matter?
There's another reason I didn't buy Bitcoin: it provided no tax benefit. I put almost everything into real estate and other tax-efficient investments. That's not a bad strategy in general, but not carving out an allocation for something I believed in so much was just stupid.
The key lesson here is about being rational and following your convictions. Don't get greedy and don't always let the tax wag the dog.
Now, you might be wondering what I think about Bitcoin today at nearly $100K. Well, my stance hasn't changed. I still believe Bitcoin is going to hit at least $250K within the next 3 years. So, in that regard, it's still something I would buy if I had the liquidity (as real estate investors often do not).
The story for Bitcoin is getting better and better every day. And I think it's very important for you to take it seriously if you are not. After all, Wall Street and Governments across the world have adopted it as a truly legitimate asset, and it may very well end up an asset stockpiled by the US treasury in short order.
You may or may not decide to invest in it, but not knowing about it as an investor in this day and age, is ill-advised. To understand why, listen to this week's episode of Wealth Formula Podcast.
And, I am serious when I say, miss this episode at your own financial peril. -
Hey everyone,
On this week’s Wealth Formula Podcast, I'm talking with members of our very own community who are using Wealth Accelerator and Wealth Formula Banking as part of their personal financial plans.
They're going to share their individual journeys – why they chose Wealth Accelerator/WFB, what challenges they faced along the way, and, most importantly, what kind of results they're seeing.
These are real stories from your peers that you should find helpful. If you've been looking for strategies that are both safe and profitable in times of financial volatility, this is an episode you won't want to miss.
Join me as we explore real-world examples of how sophisticated strategies, grounded in solid mathematics and reliable insurance products, can help you engineer a more secure financial future.
Buck -
People have a misconception of what the tax code is. While there are a few pages devoted to telling you when you must pay taxes, the majority of it is about the situations in which you can avoid them.
That's why it's important to find a competent tax professional. And that's not as easy as you might expect. You see, most high-paid professionals get their tax professionals from referrals from other professionals.
And, most high-paid professionals like doctors are very risk-averse when it comes to anything financial. So they tend to go to the "conservative" CPA—the one who never gets audited.
Well, that CPA has the easiest job in the world. He's got all sorts of high-paid clients who want him not to do his job, which, in my opinion, involves trying to find you deductions.
Now, let me be clear. I'm not suggesting that you try to find someone who is going to break the law for you. You just need someone who is willing to look at the tax code and find out where there are opportunities to save you on taxes.
When you go down that rabbit hole, though, you also need to have your guard up. Some of the strategies used by CPAs can get a little too risky. The last thing you want is to end up paying penalties and end up paying more money than you would have in the first place.
In addition, even if the tax code is used appropriately, it may be the case that the end operator is not going to make the theoretical benefit actually happen.
Let's take oil and gas for example. The advantages of investing in drilling programs are very clear in the tax code. The problem is finding an opportunity that might actually pay you a return. Of the multiple investments I've made in oil and gas, I've NEVER made money. In fact, I've never even gotten my principal back.
My conclusion over the years has been that the best way to save on taxes is actually good planning. As Tom Wheelwright, author of Tax-Free Wealth, says, if you want to change your tax, you have to change your facts.
Bottom line: there are plenty of ways to save on taxes if you think bigger and plan smarter. You don't have to do anything crazy or controversial. Just be strategic, understand the rules, and always, always know your risks.
Remember, in the world of taxes, pigs get fat, and hogs get slaughtered. So be aggressive, but be smart about it. Your future wealthy self will thank you.
This week’s podcast is going to give you some good ideas and, in my opinion, some very bad ones! -
When I started this podcast a decade ago, I was completely focused on real estate. I had some pretty dogmatic views back then and didn’t really consider other investment options.
That mindset worked for me. I’ve been a real estate investor since 2010, and while the market’s in a tough spot right now, we did enjoy over a decade of a bull market. That’s just how investing goes—ups and downs, and you hope the good times outpace the bad.
Regarding real estate, I believe we’re essentially back in 2010. The markets have taken a beating, and if you can stomach it, this is a prime time to buy. History shows that people who act when things look grim often reap big rewards down the line.
That said, I’m more open to other types of investments these days. As this cycle eventually recovers, I want to share more than just real estate opportunities with you. There’s a whole world of potential out there, and it’s important for both of us to stay informed.
Lately, I’ve been especially interested in tech. I did my surgical residency in San Francisco and knew plenty of Silicon Valley folks about 15 years ago, but I regret not digging deeper into that scene. Back then, I didn’t have the money to invest, so I never thought to learn more.
Better late than never, right? Now I’m in a position where I can invite really smart people onto this podcast to chat about fascinating topics. Over the next few years, that’s what I plan to do. I want to make an effort to learn about new things with you that might also help us financially.
This week’s podcast is a great example. It was a blast because I learned so much in such a short period of time, and it really sparked my curiosity about opportunities in tech—maybe through angel investing or venture capital.
To do anything like that, you need to get educated. And talking to my guest this week was a right step in that direction.
In less than one hour, I learned why tech investors panicked last week when China’s AI platform, DeapSeek, revealed its superiority and cost-effectiveness compared to leading American AI platforms. I finally understood what the big deal about quantum computing is. And I became further convinced that Ethereum will eventually get wrecked by Solana.
That is a HUGE ROI on time spent!
So, expect more episodes like this. I hope you’re up for it. For now, check out my conversation with Arun Krishnakumar—it’s the most interesting conversation I’ve had in a while! -
For most people, taxes are nothing more than a necessary evil—a burden to be minimized and avoided at all costs. But that mindset might not be the most productive one to take.
Consider that the tax code might not just be a drain on your resources but a roadmap to creating wealth. The truth is that the tax code is nothing more than a series of incentives. It’s filled with opportunities for those who understand how to use it.
As painful as it may be, think of the government as a business partner offering rewards for certain behaviors. Invest in housing, create jobs, or produce energy, and you’re rewarded. These aren’t loopholes or tricks but deliberate strategies to stimulate economic growth.
But most people miss the opportunity. Why? Because they treat taxes as a once-a-year obligation rather than a year-round strategy. They react instead of plan. And in doing so, they leave money on the table—money that could be used to fuel their financial future.
Every financial decision has tax implications. Whether it’s how you structure your business, where you invest, or how you time your expenses, the choices you make today ripple through your financial future. When you approach taxes strategically, they become more than just a line item on a balance sheet—they become a tool for helping you achieve financial freedom.
That’s what separates those who feel trapped by taxes from those who use them as a springboard for wealth. It’s not about avoiding responsibility; it’s about understanding the rules of the game and playing it well.
In this week’s episode of Wealth Formula Podcast, I explore the latest incentives with someone who knows the game as well as anyone: Tom Wheelwright. He’s a tax and wealth strategist who has helped countless entrepreneurs and investors transform their approach to taxes, unlocking incredible opportunities in the process.
If you’re ready to stop dreading tax season and start leveraging it to your advantage, this is an episode you can’t afford to miss. -
Let’s talk about a fundamental difference in the way traditional investors think versus those of us who invest in alternative assets.
The traditional investor sees the stock market, bonds, and mutual funds as the safe and stable way to grow wealth over time. And look, stability is not a bad thing. But here's the problem: how many people do you know who have become truly wealthy by just sticking with traditional investments?
Sure, you can retire comfortably if you're disciplined, but are you really changing your socioeconomic place in life with a 6% or 7% annual return? Probably not.
Now, alternative asset investors? We play a different game altogether. We know that the big wins in traditional markets are rare.
In alternative investments, we aren’t just chasing stability — we’re chasing some level of asymmetry. Yes, we still face risks and sometimes we find ourselves in cycles like the last couple of years where we may lose, but the potential upside of alternative investing can be disproportionate to what you put in. These are the kinds of opportunities that can accelerate wealth creation far beyond what traditional investments can offer.
Think about it this way: the traditional investor spends their entire career trying to fill up a big cup of water — a portfolio large enough to sip from in retirement. Their hope is that they won't run out of water before they die. That’s the game plan. Save enough, live conservatively, and pray the cup doesn’t run dry.
But for us as alternative investors — especially cash flow investors — the goal is fundamentally different. We’re not looking to hoard a finite supply of water. We’re building streams. Streams of cash flow that keep running no matter what.
Streams that don’t dry up. Streams that allow us to live our lives without constantly worrying about running out. It’s a completely different mindset. It’s not about rationing — it’s about abundance.
The differences in this type of thinking become pretty clear in this week’s episode of Wealth Formula Podcast. Do me a favor, listen to this show until the very end. I was so baffled by this interview that I asked our own Rod Zabreiwski of Wealth Formula Banking fame to help me understand my confusion! -
As intelligent people, we often overcomplicate things? Whether it’s in business, health, or relationships, we’re constantly seeking advice, following trends, and trying to use complex strategies to optimize our results.
As you may know, I am deeply entrenched in the longevity space. As a physician and science person, I am fascinated by this stuff.
And while there are all sorts of drugs, supplements and tactics that could incrementally add to our lifespans, right now it is pretty clear that the most impactful principals to live a long healthy life are still pretty boring: Follow a good diet, get lots of exercise and make sure you do what you can to get a good night’s sleep.
Of course I have plenty to say when we drill down on each one of those issues but the point is that, right now, focusing on eating, exercising and sleeping are far more impactful than any pill you could take or tactic you could could employ.
As is the case for most things in life, the fundamentals are often what really matter and they are not often hard to see.
In personal finance, the principals are also pretty basic. For most of your investments, stay disciplined, rely on data, and avoid the allure of the “next big thing.”
This week, I talk to someone practices the art of sticking to fundamentals while challenging the status quo in investing.
Dan Rasmussen, the founder of Verdad, is a quantitative investor with a knack for cutting through the hype and finding real value.
Drawing on his experience at firms like Bridgewater Associates and his own billion-dollar fund, Dan’s approach is all about stripping away emotion, following the data, and learning from history.
While his expertise may focus on public markets, the lessons he shares apply to any investor—whether you’re buying rental properties or managing a stock portfolio. So, let’s dive into the conversation and see what we can all learn about investing with humility and discipline. -
Wealth Formula Nation,
First and foremost, let me start by wishing you a Happy New Year! It’s 2025, and as we shake off the confetti and champagne from the celebrations, we step into a year full of possibilities—and, let’s be honest, plenty of question marks.
Every new year brings its own share of challenges and opportunities, but this one feels particularly charged. We’re looking at a world where the economic landscape is being rewritten in real time.
There’s a new administration in Washington, which always stirs up the pot, but this time, it’s not just a change in leadership—it’s a potential sea change in policy.
So, what’s ahead? Will we see sweeping tax cuts as promised? And if so, how will those affect deficits, inflation, and interest rates? Can the economy sustain the heat, or are we looking at overheating and runaway inflation?
Then there’s the topic of spending cuts—are they realistic, or will they end up being all talk and no action? And tariffs—will they be wielded as an economic weapon, and if so, how much will they impact everyday consumers?
These aren’t just academic questions—they have real-world implications for your investments, your business, and your financial future.
For example, real estate investors are watching interest rates like hawks. The Fed said they were going to lower them throughout 2025 but then backed off on those statements in the last meeting, taking more of a wait-and-see position.
Meanwhile, deregulation could create new opportunities for businesses, but will it go far enough to make a real difference? It’s a lot to unpack, and that’s what this week’s guest on Wealth Formula Podcast will help us do.
Joining me is Howard Yaruss, an economist, professor, and author of Understandable Economics, a book that breaks down economic concepts in a way that’s accessible to all of us.
Howard has the ability to take complex ideas and make them relatable, and he’s here to share his insights on what we might expect in 2025. -
Like everyone else, as the new year approaches, I become a bit reflective. I'm not really the kind of guy to have heroes nor do I fawn over celebrities.
In fact, there is only one person in the world who I credit with fundamentally changing the course of my adult life: Robert Kiyosaki.
I've had the privilege of meeting Robert multiple times over the years and have been fortunate enough to have some meaningful private conversations with him.
But the real impact he made on me was through his book called "Cashflow Quadrant." Had I not read that book, I doubt I would have ever started this podcast. Honestly, I'd probably be an academic surgeon somewhere with little interest in the economy or investing.
What's truly remarkable is the incredible impact his books have had on so many people. Kiyosaki's teachings, especially "Rich Dad Poor Dad," have been a game-changer for countless individuals worldwide, sparking a revolution in financial thinking.
His emphasis on building businesses and creating assets has been a wake-up call for many. I've heard numerous stories of people leaving traditional careers to venture into entrepreneurship, building successful real estate portfolios, and overcoming long-held limiting beliefs about money and success. It's astounding how his teachings have ignited a wave of financial literacy and entrepreneurial spirit.
Now, as a middle-aged guy, I find something else about Kiyosaki perhaps equally inspirational: The fact that he published "Rich Dad Poor Dad" at age 50. It's a powerful reminder that it's never too late to learn, grow, and achieve financial success. Remember this the next time you think you might have missed your chance.
If you haven't already, I urge you to pick up a copy of "Cashflow Quadrant" and experience it for yourself. It might just change your life as it did mine. In the meantime, this week's Wealth Formula Podcast features my latest conversation with Robert Kiyosaki. -
Artificial intelligence isn’t just a passing trend—it’s a revolutionary force reshaping industries, driving innovation, and changing the way we live.
But as investors, we face a critical challenge: how do we capitalize on this seismic shift without falling into the trap of picking winners and losers in an unpredictable landscape?
History has shown us how tough it is to get it right with emerging technologies. The dot-com era gave us Amazon and Google—grandslam investments that transformed early believers into billionaires. But for every Amazon, there was a Pets.com, a tale of overhyped potential that never materialized.
With AI, the stakes are even higher. We know the technology is real, and we know it will grow exponentially. But betting on individual AI companies can be like playing the lottery.
What we do know with certainty, however, is that AI is an energy beast. The computing power required to train and run large AI models is staggering—and it’s only going to increase.
That’s why I believe one of the smartest ways to invest in AI might not be through AI stocks at all. Instead, it could be by focusing on the foundation AI cannot exist without: low-cost energy.
While solar, wind, and traditional energy sources will play a role, one energy source stands out as particularly intriguing: uranium.
Nuclear energy powered by uranium is not only incredibly efficient but also one of the most consistent and scalable sources of clean energy. As demand for reliable energy surges to support the AI revolution, uranium could become an unsung hero in this story.
To explore this idea in more depth, I recently sat down with a uranium expert. We discussed the global energy landscape, why nuclear power is gaining traction as the world looks for low-carbon solutions, and how uranium might play a critical role in fueling the next wave of technological innovation.
[00:00] Introduction.[01:19] The challenges of investing in AI’s growth.[02:06] Energy’s critical role in AI development.[04:04] Uranium as a scalable and clean energy source.[05:12] Guest introduction: Ben Feingold from Ocean Wall.[06:46] Uranium market trends and driving factors.[11:05] Public safety concerns and nuclear advancements.[13:06] Overview of small modular nuclear reactors.[16:14] Kazakhstan’s dominance in uranium production.[20:48] Kazakhstan’s underutilized uranium resources.[21:47] Projections for uranium market growth.[24:10] Policy perspectives on nuclear energy.[26:09] Investment considerations for uranium.[27:50] About Ocean Wall’s investment services.[30:02] Closing thoughts on uranium’s potential and energy needs. -
Bitcoin has been making headlines again as it surged past the $100,000 mark. If you’ve been following this podcast, you’ll know I’ve been talking about Bitcoin since late 2016. Back then, its price hovered around $3,000 to $4,000, and that’s when I truly started to believe in its potential.
But what is Bitcoin, anyway? At its core, it’s a type of digital money that doesn’t rely on banks or governments. Instead, it’s powered by blockchain technology—a public ledger that securely and transparently records every Bitcoin transaction. This technology makes Bitcoin decentralized, meaning no single person or entity has control over it.
One of Bitcoin’s standout features is its fixed supply. Unlike traditional currencies, which governments can print more of at will, Bitcoin is capped at 21 million coins—ever. This built-in scarcity makes Bitcoin similar to gold, but even more predictable because we know exactly how much exists now and how much will exist in the future.
Right now, the total value of all Bitcoin—its market cap—is about $2 trillion. That might seem like a huge number, but it’s small compared to other assets. For example, gold’s total market value exceeds $12 trillion, and the U.S. stock market is worth around $50 trillion. Despite its rapid growth over the last decade, Bitcoin is still relatively small in the financial world.
Why does this matter? Bitcoin is still in the early stages of adoption. Large investors, corporations, and even governments are only beginning to see its value. As more people and institutions buy into Bitcoin, its price is likely to rise, thanks to its fixed supply and growing demand.
It’s not unrealistic to imagine Bitcoin’s market cap growing tenfold to $20 trillion over the next 5 to 7 years. While this might sound ambitious, consider that Wall Street has only started engaging with Bitcoin in the past year. Institutional exposure is almost certain to expand in the years ahead.
But it’s not just institutions. Surveys show that younger investors are more comfortable putting money into Bitcoin than in traditional markets. Think about the long-term implications of younger generations investing Bitcoin into their retirement accounts.
So why am I sharing this with you? Back in 2016, I encouraged listeners to take Bitcoin seriously. A handful of you did, buying and holding onto Bitcoin—and you’ve seen $50,000 grow into more than $1 million.
Do I think those kinds of returns are still possible? Not really. But I do see the potential for 10x growth in the not-too-distant future. If you’re thinking about long-term investments, it might be worth grabbing some Bitcoin and simply holding onto it for the next five years. It’s unlikely to make you as wealthy as early adopters, but it could be a strong way to grow wealth for a portion of your portfolio.
If Bitcoin is new to you, I encourage you to spend time learning about it. This week’s Wealth Formula Podcast is a great place to start.
[00:00] Introduction to Bitcoin and Joe Kelly's Journey[18:32] Bitcoin as Digital Gold: Current Perspectives[24:31] Unchained: Securing Bitcoin Holdings[30:45] The Cost of Security: Is It Worth It?[36:26] The Future of Bitcoin Loans and Collateralization -
The idea of packing up and moving to another country might sound radical at first. But for many Americans, it’s becoming a logical next step. Whether it’s to stretch the power of the strong U.S. dollar, embrace a different lifestyle, or take advantage of financial perks like tax savings, the appeal of living abroad is growing.
Let’s start with the financial benefits. In countries like Mexico, Costa Rica, or Thailand, your money simply goes further. Retirees are finding they can afford things like beachfront living, high-quality healthcare, and even household help—all on a modest budget.
And with the U.S. dollar holding its strength, this isn’t just about living cheaply; it’s about living well. Panama, for example, doesn’t tax foreign income and offers retirees major discounts on everything from medical care to transportation. Portugal sweetens the deal with its Non-Habitual Residency program, which reduces or eliminates taxes on certain income for up to a decade.
But it’s not just about saving money—it’s also about living differently. Many Americans moving abroad talk about how the experience has opened their eyes to new cultures, new rhythms of life, and, most importantly, new possibilities. In Portugal, life feels slower and more intentional, with days that revolve around community, great food, and the natural beauty of the coastline. Thailand offers a mix of vibrant city life and serene island escapes, all at an affordable price.
Financial freedom and a cultural reset are big draws, but there’s more to the story. Some countries actively court expatriates with residency programs, tax incentives, and healthcare systems that are as good as, if not better than, what many Americans are used to. Add in the benefits of the Foreign Earned Income Exclusion, which allows Americans working abroad to exclude up to $120,000 in income from U.S. taxes, and the move becomes even more compelling.
If you’re looking for something even more unique, New Zealand might be a place to consider as well. Known for its stunning landscapes, safety, and high quality of life, it offers an appealing combination of natural beauty and modern convenience.
New Zealand consistently ranks as one of the happiest and safest countries in the world, with a healthcare system that rivals the best globally. Whether you’re considering retirement or just a major lifestyle shift, New Zealand is a place where you can truly start fresh.
This week on The Wealth Formula Podcast, we’re exploring New Zealand as a destination for Americans looking to make the leap abroad. I’ll be talking to an expert on what it takes to move there—from navigating visas to understanding the financial and cultural transition.
If you’ve ever thought about trading the familiar for the extraordinary, this conversation might just convince you to take the next step.
00:00 Introduction09:19 Reasons for Migration to New Zealand10:26 Living Conditions and Lifestyle in New Zealand13:42 Real Estate and Cost of Living14:28 Cultural Diversity in New Zealand16:38 Healthcare and Professional Opportunities18:10 Taxation System in New Zealand19:42 Business Ownership and Taxation21:42 Investment Opportunities and Capital Gains24:14 Comparative Analysis with Other Countries28:55 Cultural Comparison: New Zealand vs Australia25:56 Property Ownership Regulations for Foreigners26:48 Visa Options and Immigration Pathways30:28 Conclusion and Contact Information -
Buck and Zulfe discuss the unpredictable behavior of gold and Bitcoin, the importance of asset allocation, the psychological factors influencing investor behavior, the current market trends, and the Federal Reserve's expectations regarding interest rates. They also explore various investment options, including high-yield bonds and municipal bonds, while addressing the implications of inflation and economic policies.
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Hey Wealth Formula Nation,
I’ve got something really exciting for you today—a chance to win a full-body MRI worth $2,500!
This giveaway comes from my new podcast, Longevity Junky (that’s junky with a Y). It’s a fun, insightful show I co-host with actress Nikki Leigh, where we dive into cutting-edge advancements in health and longevity.
This week’s episode is all about full-body MRIs from Prenuvo, a groundbreaking technology that can identify over 500 conditions—including deadly cancers and brain aneurysms—before they pose a serious threat to your health.
Here’s how you can enter to win this $2,500 Prenuvo MRI scan for free:
Go to Apple Podcasts and find the Longevity Junky podcast (that's "Junky" with a Y).
Leave a five-star review for the podcast.
Subscribe to the podcast.
Take a screenshot of your review.
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Send the screenshot of your review along with a brief explanation of why you’d like a full-body MRI.
Winners will be announced in 2 weeks—stay tuned and good luck to everyone! - Visa fler
