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.

The post 489: The Humble Investor appeared first on Wealth Formula.

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.

The post 488: On to 2025 appeared first on Wealth Formula.

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.

The post 487: Robert Kiyosaki on the State of the Economy appeared first on Wealth Formula.

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.

The post 486: Why Energy Might Be the Smartest Way to Invest in AI appeared first on Wealth Formula.

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 post 485: Bitcoin’s Journey is Not Over appeared first on Wealth Formula.

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 Introduction
09:19 Reasons for Migration to New Zealand
10:26 Living Conditions and Lifestyle in New Zealand
13:42 Real Estate and Cost of Living
14:28 Cultural Diversity in New Zealand
16:38 Healthcare and Professional Opportunities
18:10 Taxation System in New Zealand
19:42 Business Ownership and Taxation
21:42 Investment Opportunities and Capital Gains
24:14 Comparative Analysis with Other Countries
28:55 Cultural Comparison: New Zealand vs Australia
25:56 Property Ownership Regulations for Foreigners
26:48 Visa Options and Immigration Pathways
30:28 Conclusion and Contact Information

The post 484: Why More Americans Are Choosing to Move Abroad appeared first on Wealth Formula.

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.

The post 483: Finance and Market News 12/04/24 appeared first on Wealth Formula.

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:

1. Go to Apple Podcasts and find the Longevity Junky podcast (that’s “Junky” with a Y).
2. Leave a five-star review for the podcast.
3. Subscribe to the podcast.
4. Take a screenshot of your review.
5. Visit LongevityJunky.com (again, “Junky” with a Y).
6. 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!

The post Giveaway: $2500 Full-Body MRI appeared first on Wealth Formula.

I hope you had a great Thanksgiving! I am thankful for you and your support. I’ve been doing this podcast for over a decade, and I can’t tell you how much it means to me that you’ve supported my efforts through both good times and bad. That’s the nature of a show that has been around this long. In the world of investing, we have cycles. If you stick around long enough, you’ll see it all—and by now, we most certainly have.

When I started this podcast, it was just a few years after the mortgage meltdown of 2008. No one was excited about investing in real estate, but those of us who did really killed it. We had several years of a real estate bull market that ultimately culminated in the frothy COVID-era markets.

Then, as interest rates skyrocketed, we saw the bottom fall out. And now, it’s like 2012 again—the market is bottomed out. The smart money recognizes it and is moving in, but retail investors are scared and probably won’t join the party for a couple more years, when the market is already hot.

History doesn’t repeat itself, but it certainly rhymes. That’s why it’s important to take notes and try not to make the same mistakes again. In the spirit of that idea, I thought I’d make a short list of the lessons I’ve learned over the years. Hopefully, they will be useful. After all, the best way to learn is through mistakes—but they don’t have to be your mistakes.

1. Quit While You’re Ahead

No bull run lasts forever. If it looks like everyone is making money and it seems too easy, you might be in a market that’s at its peak—and it’s time to sell.

Back in 2008, there were stories of strippers buying multiple mansions and flipping them. Strippers are not typically known for having good credit. The subprime market was in full gear, and the market came crashing down soon after. In 2021–2022, everyone became a real estate syndicator, buying up hundreds of millions of dollars in real estate. Tertiary markets like Oklahoma City were hot. That only happens in frothy markets. If you see that happening again, stop buying and become a net seller.

2. Be Greedy When Others Are Fearful (Warren Buffett)

A good friend of mine was a celebrity home builder in LA before the 2008 financial crisis, making millions of dollars before the age of 40. He lost everything in 2008 but realized it was also a great buying opportunity. He saw hotels being sold at massive discounts.

He tried to raise money, but no one wanted to invest. Ultimately, he was able to scrape together enough money to start buying. That culminated in a $100 million sale for him last year. None of it would have happened if he hadn’t taken action when others wouldn’t.

3. There’s Always Something on Sale

Our built-in psychology makes it hard to be good investors. I’ll be the first to admit I’ve been a victim of my own instincts.

Since 2017, I’ve believed that Bitcoin will eventually become a sort of digital gold. I knew we’d see $100K Bitcoin when it was priced around $3K, and I truly believe we’ll see $500K Bitcoin by the end of this decade.

You’d think I would have accumulated Bitcoin every time it got slaughtered, right? Well, I did—but the “crypto winter” got me to capitulate. Rather than holding on to what I had while markets remained sluggish for a few years, I sold and invested in other things.

Now, I did make money on those other things, but not nearly as much as I would have by simply holding on to Bitcoin. Luckily, I bought my dad’s Bitcoin when he decided to make the same mistake. Sorry, Dad!

Right now, real estate is on sale. I don’t want to make the mistake of not buying.

4. Don’t Sell Bitcoin

As a corollary to the last rule, I will do everything I can to hold onto my Bitcoin, regardless of what happens to the market, until its market capitalization is on par with gold—that would be at a price of approximately $900K. At that point, I believe it will stabilize and behave like gold, which means I’ll sell.

5. There’s More to Life Than Real Estate and Cryptocurrency

I’ve made money in other ways when I’ve followed the aforementioned rules.

For example, a couple of years ago, the uranium market was beat up. I bought it because it was on sale. Right now, uranium is in the early stages of a bull market. The stock I owned went up 10x, so I sold.

Keep your eyes open for anything on sale, and when you buy, be patient. Eventually, markets turn, and selling into a frothy market feels great.

6. Don’t Let the Tax Wag the Dog

This is a nuanced rule I continue to struggle with. As a real estate professional, I find it very difficult to invest in things outside of real estate because of the massive tax benefits I receive.

But sometimes markets get frothy. Sometimes the price of Bitcoin or uranium—or any other asset on sale—is hard to beat.

While taxes are an important consideration, don’t let them be the only factor in your decision-making process. I have to constantly remind myself of this.

So there you have it—six very important lessons I’ve learned, and hopefully, they’ll benefit you too.

Now, speaking of not letting the tax wag the dog, this week’s episode of Wealth Formula Podcast is all about taxes—specifically, the likely changes under the Trump administration.

While we don’t want to let taxes always wag the dog, we also don’t want to be foolish. Knowing what’s likely in store on the tax front is critical to financial planning.

So make sure you listen in. There are some very critical issues addressed that you need to know about!

Buck

The post 482: Tax Changes in the Trump Administration! appeared first on Wealth Formula.

This Black Friday and Cyber Monday, I want to share something truly meaningful—the opportunity to invest in your health or the health of someone you love.

The Longevity Roadmap Course has already transformed lives, uncovering critical health issues and empowering participants to reverse conditions like borderline diabetes and optimize their health. It’s no exaggeration to say this course has already saved years of good-quality life.

This year, why not give the ultimate gift—the gift of health and time? Imagine helping a loved one discover a brighter, healthier future with a life-changing resource tailored to empower them for decades to come.

Black Friday & Cyber Monday Special: For a limited time, I’m offering 20% off the Longevity Roadmap Course, which includes three months of biweekly one-on-one coaching with me. This offer is good through Cyber Monday, so don’t wait—act now!

The tools, science, and coaching included in this course can:

• Help prevent or reverse common conditions like heart disease and diabetes.
• Unlock strategies to add years of vibrant, good-quality life.
• Give peace of mind knowing you or your loved one is on the best path forward.

This isn’t just an investment in health—it’s an investment in time with the people who matter most.

Make this holiday season truly unforgettable by giving a gift that will last a lifetime—or longer.

Sign Up Now and Use the Coupon Code Blackfriday2024 at Checkout to Get 20% Off – Offer Ends Cyber Monday!

Here’s to a longer, healthier, and happier future—for you and your loved ones.

– Buck

P.S. Want to learn more? Book a call with me on longevityroadmap.com and let’s talk!

The post 🎁 The Gift of Longevity – Black Friday & Cyber Monday Special! appeared first on Wealth Formula.

Buck Joffrey and Zulfi Ali tackle critical issues shaping the U.S. economic landscape, from the mounting government debt and entitlement challenges to the looming risks of a debt crisis. They examine the current state of U.S. debt, its global context, and the future of treasury auctions, emphasizing the unsustainable debt-to-GDP trajectory and the political hurdles in reforming entitlements.

The conversation also delves into the economic ripple effects of the Trump administration’s policies on inflation, growth, and the stock market, alongside the shifting dynamics of treasury yields. Buck and Zulfi explore the evolving cryptocurrency market, focusing on Solana and Bitcoin, and analyze the real estate market’s resilience in the face of fluctuating interest rates. Wrapping up, they discuss long-term investment strategies for navigating an inflationary environment, offering a comprehensive view of the challenges and opportunities ahead.

00:00 Introduction and Personal Updates

05:58 The Challenge of Entitlements

12:04 US Debt Position Compared to Other Countries

18:04 Potential Economic Implications of Debt

25:04 Market Reactions to Trump’s Administration

31:03 Cryptocurrency Insights and Market Psychology

36:38 Real Estate Market Outlook

The post 481: Finance and Market News 11/27/24 appeared first on Wealth Formula.