Wealth Formula Podcast

By: Buck Joffrey
Listen for free

  • Summary

  • Financial Education and Entrepreneurship for Professionals
    Show more Show less
Economics Personal Finance
Show more Show less
activate_Holiday_promo_in_buybox_DT_T2
Episodes
  • 479: Wake Up Real Estate Investors! And…a Few Hacks for Credit Card Miles

    479: Wake Up Real Estate Investors! And…a Few Hacks for Credit Card Miles
    Nov 17 2024
    It's easy to see when a market is frothy—when prices seem unstoppable and everyone is piling in. But recognizing the bottom of a market? That's harder. But it's important to recognize because it's at the bottom, not the top, where the greatest opportunities for profit lie. Right now, we're at one of those moments, and the need to act is critical if you want to successfully invest in real estate over the next few years. As we enter 2025, the real estate market is at the cusp of a major shift. Other asset classes like stocks and bitcoin are already at all-time highs, but real estate remains attractively priced with enormous upside. This is the rare point in the cycle where investors who act decisively position themselves for exceptional returns. The biggest players are already taking notice. BlackRock, the world's largest asset manager, has declared that apartment buildings have reached the bottom of the cycle—an ideal entry point for savvy investors. What contributes to this ideal entry point? Valuations have bottomed out, creating opportunities for outsized returns. Strong demographic trends are bolstering long-term demand. Limited housing options add scarcity value to multifamily properties. Economic fundamentals remain resilient. But what amplifies this moment the most is declining interest rates. The Federal Reserve has already signaled cuts through 2025, and this creates a powerful tailwind for real estate investors. Historically, investing in real estate during a descending rate environment has proven to be exceptionally lucrative. As rates decline cap rates contract. This environment typically leads to increased demand for properties, driving up values and creating substantial wealth for early investors. Past cycles have shown that those who enter the market as rates begin to fall often experience the greatest appreciation in their investments over time. The election of a pro-real estate president will also provide a significant boost to the real estate market. Policies favorable to real estate investment and development will lead to tax incentives, streamlined regulations, and increased government support for housing initiatives. Such policies will drive up property values and create new investment opportunities across various real estate sectors. This is the start of a cycle that only comes around once every decade. Timing is everything, and the window to act is narrow. Those who move now stand to benefit from what could be one of the most lucrative real estate cycles in recent memory. Those who hesitate risk being left behind as the broader market catches up and prices rise. Recognize where we are. This is the moment to take action and position yourself for what's ahead. Now that I got that off my chest, listen to this week’s Wealth Formula Podcast for a lighter theme—how to optimize your credit card miles and travel for free on business class.
    Show more Show less
    28 mins
  • Extreme Tax Saving Strategy for Business Owners!

    Extreme Tax Saving Strategy for Business Owners!
    Nov 15 2024
    Imagine you own a thriving business or a successful practice, and every year, you’re writing large checks to insurance companies. You're likely insuring against risks specific to your business—legal claims, property damage, cyber threats—but you’re paying premiums, crossing your fingers, and seeing little return. What if there was a way to keep those insurance dollars within your control, save on taxes, and build real wealth over time? Enter captive insurance. With captive insurance, you create a company that insures the unique risks of your own business. It’s a strategy the big corporations and high-net-worth families have used for years, but it’s equally accessible to successful small business owners and physicians. Here’s the secret sauce: instead of paying premiums to an external insurance provider, you pay them to your own captive insurance company. And those premiums are tax-deductible for your business! Here’s where the magic happens: when claims are lower than the premiums collected (and that’s often the case with well-managed risks), your captive insurance company retains the profits. So rather than those premiums disappearing, they’re building up as assets in your own company. Over time, these funds accumulate, potentially into the millions, creating a robust financial asset you control. Now, there are compliance steps and guidelines, but with proper management, this setup can allow you to legally minimize taxes while effectively setting aside funds for your business's future needs. And as business owners, we know those future needs are constant—whether it’s reinvesting in the practice, planning for retirement, or covering unexpected costs. If you want to learn more about this strategy, make sure to listen to today’s Wealth Formula Podcast episode.
    Show more Show less
    1 hr and 13 mins
  • 478: Finance News of the Week 11/13/24

    478: Finance News of the Week 11/13/24
    Nov 13 2024
    Buck and Zulfi dive into the implications of the recent election results, with a focus on the Trump presidency's potential impact on financial markets, regulatory shifts, and economic policies. They analyze the 'Trump trade,' anticipated changes in regulations and tax policies, and the ripple effects on real estate, tariffs, and the broader economic landscape. Key topics include the roles of tariffs, immigration, and the Federal Reserve in inflation management, as well as insights on market trends in cryptocurrency and real estate—offering a roadmap for strategic investment in a changing economic climate.
    Show more Show less
    35 mins

What listeners say about Wealth Formula Podcast

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com reviews

Amazon reviews
No Reviews are Available