Financial Education and Entrepreneurship for Professionals
…
continue reading
Financial Education and Entrepreneurship for Professionals
…
continue reading
1
427: A Libertarian Perspective on the Market Economy
35:40
35:40
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
35:40
I have frequently described myself as most aligned with libertarian thought when it comes to my own politics. In terms of the economy, libertarians believe in the concept of a free market. Libertarians argue that a truly free market fosters prosperity, innovation, and individual liberty. But that doesn’t really describe the American economy, does i…
…
continue reading
1
427: A Libertarian Perspective on the Market Economy
35:40
35:40
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
35:40
I have frequently described myself as most aligned with libertarian thought when it comes to my own politics. In terms of the economy, libertarians believe in the concept of a free market. Libertarians argue that a truly free market fosters prosperity, innovation, and individual liberty. But that doesn’t really describe the American economy, does i…
…
continue reading
Regarding the recent Podcast: US debt fears overblown US debt is high, but not unsustainably so (compared to global economies) A more relevant concern may be focused on the appetite or ability of investors to buy the quantum of debt being issued by the US government. Foreign investment in US debt has declined China and other central banks have been…
…
continue reading
Regarding the recent Podcast: US debt fears overblown US debt is high, but not unsustainably so (compared to global economies) A more relevant concern may be focused on the appetite or ability of investors to buy the quantum of debt being issued by the US government. Foreign investment in US debt has declined China and other central banks have been…
…
continue reading
Is it me or is no one talking about high U.S. debt levels anymore? Conventional wisdom has always been that high debt levels lead to inflation and the destruction of currencies, and money printing conjured up images of wheelbarrows full of worthless bills and economies in freefall. Then one day, the political party that used to care about fiscal re…
…
continue reading
Is it me or is no one talking about high U.S. debt levels anymore? Conventional wisdom has always been that high debt levels lead to inflation and the destruction of currencies, and money printing conjured up images of wheelbarrows full of worthless bills and economies in freefall. Then one day, the political party that used to care about fiscal re…
…
continue reading
1
424: Richard Duncan: U.S. Strong China in Trouble
1:01:09
1:01:09
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
1:01:09
I have been asked by many to give my opinion on where the economy is headed and what to do. I have been reluctant to do so because I am not an economist and I do not want to give investment advice. However, I do think I owe it to you to let you know where my head is and what I am doing based on these thoughts. Last week and this week’s podcast have…
…
continue reading
1
424: Richard Duncan: U.S. Strong China in Trouble
1:01:09
1:01:09
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
1:01:09
I have been asked by many to give my opinion on where the economy is headed and what to do. I have been reluctant to do so because I am not an economist and I do not want to give investment advice. However, I do think I owe it to you to let you know where my head is and what I am doing based on these thoughts. Last week and this week’s podcast have…
…
continue reading
1
423: Campbell Harvey Says the Fed is WRONG on Inflation and Interest Rates
39:57
39:57
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
39:57
Even really smart people are wrong on a regular basis. I see this all the time in health and longevity-related issues on my other podcast, Sapio with Buck Joffrey. In case you are wondering…yes, I have become one of those middle-aged California guys trying to stay young at all costs. Not easy. But, I have to admit, the nerdy physician scientist typ…
…
continue reading
1
423: Campbell Harvey Says the Fed is WRONG on Inflation and Interest Rates
39:57
39:57
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
39:57
Even really smart people are wrong on a regular basis. I see this all the time in health and longevity-related issues on my other podcast, Sapio with Buck Joffrey. In case you are wondering…yes, I have become one of those middle-aged California guys trying to stay young at all costs. Not easy. But, I have to admit, the nerdy physician scientist typ…
…
continue reading
1
422: Avoiding Ponzi Schemes and Bad Actors
44:10
44:10
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
44:10
The notion of moving wealth away from Wall Street into the hands of small private operators sounds great. However, it’s important to acknowledge some of the challenges of navigating these waters; challenges that many have witnessed first-hand in the podcast ecosystem over the past two years. First and foremost, let’s talk about vetting. Investing i…
…
continue reading
1
422: Avoiding Ponzi Schemes and Bad Actors
44:10
44:10
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
44:10
The notion of moving wealth away from Wall Street into the hands of small private operators sounds great. However, it’s important to acknowledge some of the challenges of navigating these waters; challenges that many have witnessed first-hand in the podcast ecosystem over the past two years. First and foremost, let’s talk about vetting. Investing i…
…
continue reading
1
421: Turn Your Empty Space into a Self-Storage Business
36:22
36:22
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
36:22
As soon as I finished training, I opened up a cosmetic surgery business. When I say business, I mean a business not practice. From day one, it was my intention to create a brand that I could hand off or sell someday rather than to create a job for myself. I was also focused on cosmetics. Unlike the traditional way of growing a cosmetic practice, I …
…
continue reading
1
421: Turn Your Empty Space into a Self-Storage Business
36:22
36:22
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
36:22
As soon as I finished training, I opened up a cosmetic surgery business. When I say business, I mean a business not practice. From day one, it was my intention to create a brand that I could hand off or sell someday rather than to create a job for myself. I was also focused on cosmetics. Unlike the traditional way of growing a cosmetic practice, I …
…
continue reading
1
420: Realtors Make Legal Settlement: Changes Made to What YOU Pay!
35:37
35:37
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
35:37
The cost of real estate transactions affects everyone regardless of whether you invest in real estate or not. Why? Because the cost of the transaction will ultimately be included in the price of the real estate. One of the biggest costs in a real estate transaction is the commission paid by the seller. In the last several years, the way that commis…
…
continue reading
1
420: Realtors Make Legal Settlement: Changes Made to What YOU Pay!
35:37
35:37
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
35:37
The cost of real estate transactions affects everyone regardless of whether you invest in real estate or not. Why? Because the cost of the transaction will ultimately be included in the price of the real estate. One of the biggest costs in a real estate transaction is the commission paid by the seller. In the last several years, the way that commis…
…
continue reading
1
419: The Ins and Outs of ATM Investing
35:58
35:58
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
35:58
Last week I sent an update on the WF Velocity ATM Fund which currently has a live tranche. The email I sent, for reference, is below. The email prompted a number of questions that I answered and also thought it would be useful for my partner, Daryl Heller, who is also the majority owner of the operating company, to join the podcast and discuss the …
…
continue reading
1
419: The Ins and Outs of ATM Investing
35:58
35:58
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
35:58
Last week I sent an update on the WF Velocity ATM Fund which currently has a live tranche. The email I sent, for reference, is below. The email prompted a number of questions that I answered and also thought it would be useful for my partner, Daryl Heller, who is also the majority owner of the operating company, to join the podcast and discuss the …
…
continue reading
In the long run, math is pretty much always right. That’s why insurance companies are so profitable. They make predictions using the law of big numbers. Math can predict pretty much anything. Even Sports! I just re-watched the movie Moneyball about how the Oakland A’s made an improbable run in major league baseball in 2002 by leaning less on star p…
…
continue reading
In the long run, math is pretty much always right. That’s why insurance companies are so profitable. They make predictions using the law of big numbers. Math can predict pretty much anything. Even Sports! I just re-watched the movie Moneyball about how the Oakland A’s made an improbable run in major league baseball in 2002 by leaning less on star p…
…
continue reading
1
417: Market Update from a Former Sovereign Wealth Fund Manager
53:00
53:00
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
53:00
I feel like I am going through another major transition in my life. I turned 50 last September—a fact that I deliberately chose not to publicize. I hate to admit it, but much of my behavior is stereotypical divorced midlife crisis stuff. I got a Ferrari, I’ve been working out incessantly and…I’ve been considering adding publicly traded equities to …
…
continue reading
1
417: Market Update from a Former Sovereign Wealth Fund Manager
53:00
53:00
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
53:00
I feel like I am going through another major transition in my life. I turned 50 last September—a fact that I deliberately chose not to publicize. I hate to admit it, but much of my behavior is stereotypical divorced midlife crisis stuff. I got a Ferrari, I’ve been working out incessantly and…I’ve been considering adding publicly traded equities to …
…
continue reading
1
416: Artificial Intelligence: The Mother of All Technologies
33:28
33:28
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
33:28
In the latest surge of technological evolution, one titan stands out, reshaping our landscape with the silent swiftness of a revolution: Artificial Intelligence, or AI. It’s a term that sparks a spectrum of emotions, from exhilaration at the dawn of a new era to trepidation about the unknowns it brings along. As we stand on the precipice of this bo…
…
continue reading
1
416: Artificial Intelligence: The Mother of All Technologies
33:28
33:28
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
33:28
In the latest surge of technological evolution, one titan stands out, reshaping our landscape with the silent swiftness of a revolution: Artificial Intelligence, or AI. It’s a term that sparks a spectrum of emotions, from exhilaration at the dawn of a new era to trepidation about the unknowns it brings along. As we stand on the precipice of this bo…
…
continue reading
“I’m from the government and I’m here to help.” Ronald Reagan described those as the most dangerous words in the English language. I generally agree with the Gipper who I have fond memories of extending back to the 1980 presidential election that I watched with interest as a kindergartener. When the government gets too big, it gets dangerous and sl…
…
continue reading
“I’m from the government and I’m here to help.” Ronald Reagan described those as the most dangerous words in the English language. I generally agree with the Gipper who I have fond memories of extending back to the 1980 presidential election that I watched with interest as a kindergartener. When the government gets too big, it gets dangerous and sl…
…
continue reading
1
414: The Safest Double Digit Returning Investment in History?
53:41
53:41
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
53:41
When I was fresh out of surgical residency and started to make some money, I started looking for advice on what to do with it. One of the questions I had was about life insurance. I was a newlywed and had a baby on the way (now she’s in high school by the way). So, I started asking the guys I was working with if I should buy term or permanent life …
…
continue reading
1
414: The Safest Double Digit Returning Investment in History?
53:41
53:41
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
53:41
When I was fresh out of surgical residency and started to make some money, I started looking for advice on what to do with it. One of the questions I had was about life insurance. I was a newlywed and had a baby on the way (now she’s in high school by the way). So, I started asking the guys I was working with if I should buy term or permanent life …
…
continue reading
1
413: Social Security Scams and “Retirement” Planning
40:09
40:09
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
40:09
Retirement means “ceasing to work”. In my case, retirement will describe me when I’ve died. I understand retiring from a particular activity. Like how I retired from the practice of surgery about eight years ago. But global retirement sounds dire. It is like admitting that you are of no real value to the world anymore. That your contributions are n…
…
continue reading
1
413: Social Security Scams and “Retirement” Planning
40:09
40:09
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
40:09
Retirement means “ceasing to work”. In my case, retirement will describe me when I’ve died. I understand retiring from a particular activity. Like how I retired from the practice of surgery about eight years ago. But global retirement sounds dire. It is like admitting that you are of no real value to the world anymore. That your contributions are n…
…
continue reading
The two most powerful motivations for behavior are fear and greed. If you haven’t thought about that before paying attention to the kinds of messaging you hear especially in the alternative asset podcast ecosystem? At the risk of offending gold bugs, how many times have you heard someone who sells precious metals on a podcast talking about the demi…
…
continue reading
The two most powerful motivations for behavior are fear and greed. If you haven’t thought about that before paying attention to the kinds of messaging you hear especially in the alternative asset podcast ecosystem? At the risk of offending gold bugs, how many times have you heard someone who sells precious metals on a podcast talking about the demi…
…
continue reading
1
411: Heads I Win Tales You Lose: The U.S. Banking System
38:06
38:06
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
38:06
The challenge with investing is that you can do everything right and still lose. Unfortunately its supposed to be that way otherwise everyone would take the biggest bets possible all the time and always win. That’s just not reality. In good times, it is very hard to anticipate what could happen if the unexpected occurs. Over the last 24 months, we …
…
continue reading
1
411: Heads I Win Tales You Lose: The U.S. Banking System
38:06
38:06
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
38:06
The challenge with investing is that you can do everything right and still lose. Unfortunately its supposed to be that way otherwise everyone would take the biggest bets possible all the time and always win. That’s just not reality. In good times, it is very hard to anticipate what could happen if the unexpected occurs. Over the last 24 months, we …
…
continue reading
1
410: Is Ray Dalio Really Who He Says He Is?
38:32
38:32
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
38:32
My social life sucks. I moved to Montecito in 2017 from Chicago a married man with 3 children. When we got here, I didn’t know anyone. Luckily, I had my family and was plenty entertained by my three little girls. My now ex-wife also served as social coordinator to make sure we had things to do. Then with beginning of Covid, my marriage came to an e…
…
continue reading
1
410: Is Ray Dalio Really Who He Says He Is?
38:32
38:32
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
38:32
My social life sucks. I moved to Montecito in 2017 from Chicago a married man with 3 children. When we got here, I didn’t know anyone. Luckily, I had my family and was plenty entertained by my three little girls. My now ex-wife also served as social coordinator to make sure we had things to do. Then with beginning of Covid, my marriage came to an e…
…
continue reading
1
409: You Will Own Nothing and You Will Like It: Carol Roth
31:25
31:25
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
31:25
As you may know, I have three daughters aged 14,11 and 8. The oldest, Camilla, is now in high school. For those of you who have been listening for me for a while, yes, that was the little girl who did an introduction for episode 100. We are all getting older by the minute. Anyway, recalling that it was at around her age that I began to think about …
…
continue reading
1
409: You Will Own Nothing and You Will Like It: Carol Roth
31:25
31:25
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
31:25
As you may know, I have three daughters aged 14,11 and 8. The oldest, Camilla, is now in high school. For those of you who have been listening for me for a while, yes, that was the little girl who did an introduction for episode 100. We are all getting older by the minute. Anyway, recalling that it was at around her age that I began to think about …
…
continue reading
1
408: Boring is Good: The Case for Self Storage
39:45
39:45
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
39:45
For those of you who have participated in our self-storage offerings in the past with Reliant Real Estate, you know that you can make a lot of money in this space. One of our deals, while not planned this way, nearly doubled investor equity in less than a year. Those kinds of returns are sexy but self storage itself is NOT sexy at all. It’s just wh…
…
continue reading
1
408: Boring is Good: The Case for Self Storage
39:45
39:45
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
39:45
For those of you who have participated in our self-storage offerings in the past with Reliant Real Estate, you know that you can make a lot of money in this space. One of our deals, while not planned this way, nearly doubled investor equity in less than a year. Those kinds of returns are sexy but self storage itself is NOT sexy at all. It’s just wh…
…
continue reading
Wealth Formula Nation, Happy New Year! I have a feeling that 2024 is going to be a good year for us. I think we are going to pick up quality assets at a discount like it’s 2012 and liquidity will come back to the real estate markets. I’m also eager to develop our own investor platform into a more diverse investment source. Real estate will always b…
…
continue reading
Wealth Formula Nation, Happy New Year! I have a feeling that 2024 is going to be a good year for us. I think we are going to pick up quality assets at a discount like it’s 2012 and liquidity will come back to the real estate markets. I’m also eager to develop our own investor platform into a more diverse investment source. Real estate will always b…
…
continue reading
When I first started podcasting a decade ago, I was very anti-Wall Street. But what does that even mean? I guess I hadn’t really contemplated that. My show started not long after the financial meltdown of 2008-2009. For many of us, the greed that was unveiled during that period was eye-opening as we saw major institutions fold losing ordinary peopl…
…
continue reading
When I first started podcasting a decade ago, I was very anti-Wall Street. But what does that even mean? I guess I hadn’t really contemplated that. My show started not long after the financial meltdown of 2008-2009. For many of us, the greed that was unveiled during that period was eye-opening as we saw major institutions fold losing ordinary peopl…
…
continue reading
1
405: Another Perspective with the Cash Flow Ninja
1:00:32
1:00:32
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
1:00:32
During college, I spent a summer working in a laboratory at the University of Chicago where my biochemistry mentor did his PhD. The lab studied prostate cancer and was the legacy of Charlie Huggins, a surgeon who won the Nobel prize for discovering the testosterone dependence of most prostate cancers. The guy who took over that lab was his protege …
…
continue reading
1
405: Another Perspective with the Cash Flow Ninja
1:00:32
1:00:32
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
1:00:32
During college, I spent a summer working in a laboratory at the University of Chicago where my biochemistry mentor did his PhD. The lab studied prostate cancer and was the legacy of Charlie Huggins, a surgeon who won the Nobel prize for discovering the testosterone dependence of most prostate cancers. The guy who took over that lab was his protege …
…
continue reading
1
404: An Update From AHP Servicing With Jorge Newberry
46:26
46:26
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
46:26
In this bonus episode of Wealth Formula Podcast, Jorge Newberry shares with us some background on what’s been happening with AHP as well as his perspective on real estate and the debt market. The post 404: An Update From AHP Servicing With Jorge Newberry appeared first on Wealth Formula.Bởi Buck Joffrey
…
continue reading
1
404: An Update From AHP Servicing With Jorge Newberry
46:26
46:26
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
46:26
In this bonus episode of Wealth Formula Podcast, Jorge Newberry shares with us some background on what’s been happening with AHP as well as his perspective on real estate and the debt market. The post 404: An Update From AHP Servicing With Jorge Newberry appeared first on Wealth Formula.Bởi Buck Joffrey
…
continue reading
1
403: The Tax Case in the Supreme Court That You Must Know About
36:34
36:34
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
36:34
You know what drives me crazy? Politicians talking about how rich Americans need to start paying their “fair share”. First of all, they aren’t really taking about the rich. They are talking about you—the high paid professional. To be clear, if you are making $400K-$800K per year as a W2 wager earner, you’re doing well for sure. But you aren’t rich.…
…
continue reading
1
403: The Tax Case in the Supreme Court That You Must Know About
36:34
36:34
Nghe Sau
Nghe Sau
Danh sách
Thích
Đã thích
36:34
You know what drives me crazy? Politicians talking about how rich Americans need to start paying their “fair share”. First of all, they aren’t really taking about the rich. They are talking about you—the high paid professional. To be clear, if you are making $400K-$800K per year as a W2 wager earner, you’re doing well for sure. But you aren’t rich.…
…
continue reading