PODCAST

Wealth Formula Podcast

Buck Joffrey

Financial Education and Entrepreneurship for Professionals

business investing

All Episodes

36:18

533: What's Really Going On in Real Estate Right Now...

Wealth Formula Podcast ·

2025/11/16

When you invest in real estate, you're not buying what it is today—you're buying what it will become a few years from now. That's especially true in multifamily, which, despite all the noise, remains one of the most compelling long-term plays out there. Unlike stocks, you don't get a live ticker reminding you every five seconds what your property is "worth." And that's a good thing. Real estate moves slowly, and that patience rewards people who can see the story before it unfolds. The national

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35:54

532: Pejman Ghadimi - A New Paradigm for Buying Nice...

Wealth Formula Podcast ·

2025/11/09

A few years back, I bought some very expensive sports coats. I wore them at first and enjoyed them. But over time, they kind of lost their luster. As I have found often to be the case in my life, I don't tend to care that much about fancy stuff—fancy jackets, fancy shoes. My true self regresses to a fairly simple jeans and flannel circa 1992 style—not expensive. Realizing that these fancy clothes were just rotting in my closet, I recently sold them on a well-known second-hand site with only designer

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45:48

531: How to Identify a Good Real Estate Deal

Wealth Formula Podcast ·

2025/11/02

I grew up with a very different perspective on personal finance and investing than most. My parents were immigrants, and when they arrived in this country, they didn't come with any preconceived notions of conventional financial wisdom. My father grew up dirt poor in India—that's really poor and he had never even heard of investing as a kid. But he was blessed with a tremendous intellect and used it to rise from nothing to truly live the American dream. He came to the U.S. in the 1960s on an

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37:43

530: A Tax Attorney Talks Tax Mitigation with Buck

Wealth Formula Podcast ·

2025/10/26

This week’s Wealth Formula Podcast features an interview with a tax attorney. While I’m not a tax professional myself, I want to drill down on something we touched on briefly that is incredibly relevant to many of you: the so-called short-term rental loophole. If I were a high-earning W-2 wage earner, this would be at the top of my list to implement—and I know many of you are already doing it. The short-term rental loophole is one of those quirks in the tax code that most people don’t even know

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48:25

529: How to Get Yield from Bitcoin Safely

Wealth Formula Podcast ·

2025/10/19

Bitcoin is definitely volatile. If you told me it was going to go down by 50 percent next year, I would hesitantly believe you. However, there is no way you can convince me that Bitcoin will not hit $500,000 at some point within the next five years. Think about what’s happening: ETFs are everywhere, treasury companies are holding Bitcoin, there are rumors of central banks buying it, and even an American Bitcoin reserve. It is an asset that will go up. But it may go down before that, and that is

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25:00

No-Brainer Strategy to Start TODAY: Why Wealth...

Wealth Formula Podcast ·

2025/10/14

It’s been a while since I’ve talked about Wealth Formula Banking in detail, and I know we have a lot of new listeners who may not have heard about it yet. So today, I want to share a webinar that explains why I think this strategy is such a no-brainer. First off—what is ? You may have heard of something called “infinite banking.” It’s a similar concept, but instead of focusing on paying your bills, Wealth Formula Banking is specifically designed to amplify your investments. My introduction to this

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45:01

528: Investing Is More Like Poker Than Chess

Wealth Formula Podcast ·

2025/10/12

Most people picture investing as a game of chess. Everything is visible on the board, the rules are clear, and if you’re sharp enough, you can see ten moves ahead. But markets don’t work like that. They shift in real time—rates change, policies flip, black swan events crash the party. That’s why I think investing looks a lot more like poker. In poker, you never know all the cards. You play with incomplete information, and even the best players lose hands. What separates them isn’t luck—it’s process

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31:43

527: Is Franchising Right for You?

Wealth Formula Podcast ·

2025/10/05

If you look at the wealthiest people in the world, they almost always get there through business ownership or real estate. The only real exceptions are athletes and entertainers—and let’s be honest, that’s not a realistic path for most of us. We talk about real estate a lot here and through deal flow in our . But today I want to focus more on business ownership. One way in is to start a business from scratch. I’ve done that a few times—sometimes it worked out really well, other times it was a total

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38:17

526: The Wealth Ladder

Wealth Formula Podcast ·

2025/09/28

If there’s one thing that separates the truly wealthy from everyone else, it’s their relationship with risk. Not blind risk. I’m talking about conviction — the ability to see an opportunity before everyone else does, to lean into it while others are frozen, and to hold through the storm until the payoff is undeniable. The extreme example is Bitcoin. In 2012, when it was trading for less than the price of a cup of coffee, most people laughed it off as internet monopoly money. But a handful of people

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46:56

524: Is Trump’s Takeover of the Fed a Good Thing?

Wealth Formula Podcast ·

2025/09/21

Something big is happening in Washington right now, and it has the potential to reshape everything you and I do as investors. A few weeks ago, the Trump administration attempted to remove Fed Governor Lisa Cook, only to have an appeals court block the move on legal grounds. At almost the same time, Stephen Miran—one of Trump’s economic advisers—was confirmed by the Senate to the Fed’s Board of Governors by a razor-thin margin. On one side, an attempted subtraction. On the other, a confirmed

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39:56

524: Buying Art and Nice Stuff as an Investment

Wealth Formula Podcast ·

2025/09/14

When we think about investing, our minds usually go straight to stocks, bonds, and real estate. But some of the best opportunities come when you stop thinking of investing as something separate from your everyday life. What do I mean by this? A lot of the things we buy are treated as expenses when they could be investments. You might wear a watch or jewelry simply because you like them, but you avoid spending too much because it feels frivolous. Yet what’s better—paying $250 for a decent watch that

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35:53

523: The Real Driver of Prosperity: Population Growth

Wealth Formula Podcast ·

2025/09/07

We all know technology and geopolitics shape the world, but there’s a quieter, less obvious force that dictates the flow of wealth and opportunity: demographics. Where people live, where they move, and how populations grow or shrink — these are the currents that ultimately drive economic gravity. That’s why all of the multifamily investments you see through focus on areas where there is job creation. Where there is job creation, there is population growth, and people have to live somewhere. Scale

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36:26

522: What is a Dynasty Trust?

Wealth Formula Podcast ·

2025/08/31

One of the realities of building wealth is that the more you have, the more you have to lose. Asset protection and estate planning aren’t just legal technicalities—they’re essential parts of safeguarding everything you’ve worked for. The worst time to plan is when you actually need it. If you wait until you’re facing a lawsuit, a creditor, or a sudden death in the family, it’s already too late. Think of asset protection like insurance. Most of us wouldn’t drive without auto insurance or own a home

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26:22

521: How to Buy Stock in Companies Before They Go Public

Wealth Formula Podcast ·

2025/08/24

I’m not a big stock guy. However, there are some companies out there that you know are just going to change the world, and it would be nice to be able to own part of them—especially before they go public. That’s why this week on Wealth Formula Podcast we’re diving into a topic that’s been on my mind for quite some time: the world of pre-IPO investing. If you’ve ever felt like by the time a company finally hits the public market it’s already ballooned in value and you’re basically buying in at a

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01:05:42

520: Twin Brothers Gary and Grant Cardone are ALL IN...

Wealth Formula Podcast ·

2025/08/17

Bitcoin may be breaking records again, but this time it’s not because of retail frenzy. Search trends, social media chatter, and small-investor activity are all far quieter than they were in 2017 or 2021. The people driving this move aren’t hobby traders—they’re the biggest institutions and the wealthiest investors on the planet. Look at BlackRock. Larry Fink once dismissed Bitcoin as an “index of money laundering.” Now he’s calling it “digital gold,” and his firm’s iShares Bitcoin Trust (IBIT) has

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45:52

519: Why the Wealthy Never Stop Buying Real Estate

Wealth Formula Podcast ·

2025/08/10

If you’ve been following me for any length of time, you already know that I believe real estate is the single greatest wealth-building tool available to everyday investors like you and me. (Although, I’ll admit, Bitcoin is making a strong case to be in that conversation.) But every once in a while, it’s worth stepping back and asking: Why has real estate created more millionaires than any other asset class—and why do the ultra-wealthy keep buying it, decade after decade? It comes down to a unique

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24:59

518: Side Gigs and Digital Real Estate - Is the...

Wealth Formula Podcast ·

2025/08/03

Last week, we talked about side gigs—smart ways to earn extra income outside your day job. One of the options we touched on was affiliate marketing, a tried-and-true method still relevant today. But here’s another strategy I’ve personally dabbled in: building websites designed to generate leads. These sites are created with specific search terms in mind—mine were focused on cosmetic surgery—but the model can be applied to nearly any industry. Once your site is ranking on Google and generating

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26:55

517: Do You Need a Side Hustle?

Wealth Formula Podcast ·

2025/07/27

My financial journey started after I accidentally picked up one of Robert Kiyosaki’s books. It was the end of my honeymoon in Puerto Vallarta, and my wife (at the time) and I were waiting for our plane back home. I decided to grab a book from one of the little airport shops, but there weren’t many choices. In fact, I believe there were four, and three of them were romance novels with pictures of muscular men with long blonde hair on them. The only other option was Robert Kiyosaki’s Cashflow

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39:25

516: Why the Rich Don't Hoard Cash

Wealth Formula Podcast ·

2025/07/20

There’s no shortage of doom-and-gloom in the podcast world—especially in the gold and silver crowd. You know the type. The ones who spend half their airtime warning you that the dollar is about to collapse, the grid will go down, and that only silver coins will save you. I used to buy into that narrative too. I was a card-carrying member of the Zombie Apocalypse school of personal finance. I even listened to Peter Schiff religiously. But as time passed and I realized that zombies would not rule the

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40:59

515: Accelerate Your Wealth AND Protect Your Family

Wealth Formula Podcast ·

2025/07/13

I want to share a story you may have heard before—but it’s worth telling again. When I finished surgical training and joined a practice in 2008, we were in the middle of the Great Recession. But for me, the recession didn’t mean anything. My net worth was below zero. I’d made less than $50K a year for seven years. I wasn’t worried about losing money—I didn’t have any. What I did have was a new six-figure salary and a baby on the way. Suddenly, I had to start thinking like a grown-up. I needed to

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