Self Directed IRA and Solo 401K Services:
Provident Trust: This is a solid choice for self directed IRA or solo 401K custodian. The simple yearly billing model is very appealing.
Wealth Formula listeners get a great discount: $295/year for Self Directed IRA and $495/year for solo 401K.
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Podcasts I listen to on a regular basis
The Rich Dad Radio Show: Robert Kiyosaki has profoundly influenced my life. I sort of see him as my “super rich” dad.
The Real Estate Guys: Russ and Robert are the best. Even if real estate is not your thing, they provide a wealth of information on the economy and potential non-traditional investments. I’m a big fan.
The Peter Schiff Show Podcast: Peter Schiff is not a typical CNBC type. This guy understands the economy very well. He predicted the housing bubble in 2007 and he sees another bubble happening now. He may have the reputation of doom and gloom but he’s often right and always backs up what he is saying.
Bullion Vault: I believe it makes sense for everyone to own a little bit of physical gold. If you read Jim Rickards’ New Case for Gold you will understand why. After a significant amount of due diligence, I chose to buy and store my gold through the marketplace offered by Bullion Vault. They use vaults across the world and you can decide which country you prefer. In addition, the gold is redeemable in physical form upon request. There are a few companies like this that are good, but this one was also the least expensive of the top tier marketplaces. I also like that they are adding a whisky marketplace!
Books I Recommend
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It’s Robert Kiyosaki’s position that “It is our educational system that causes the gap between the rich and everyone else.” He laid the foundation for many of his messages in the international best-seller Rich Dad Poor Dad — the #1 Personal Finance book of all time
I picked this book up at the airport on the way back from my honeymoon. It was 2 weeks after finishing my residency training. It truly transformed the way I think and, as cliche as it may sound, it changed my life.
Many people spend all there time making money and almost no time trying to understand how to keep more of it. It’s not just about deductions. The tax code tells you how to invest your money so that you can keep more of it. It sounds boring to read a tax book I know, but Tom really makes this fun and I promise you will learn something. I have read this book twice!
I have read everything Jim Richards has written and subscribe to everything he offers. I truly believe there is no one smarter when it comes to understanding global macroeconomics. I encourage you to read ALL of his books. However, right now, this book is particularly relevant and is a must read.
Ken Mcelroy, in my opinion, is the definitive voice in multifamily real estate investing. Their might be people doing more deals, but no one does better deals than Ken. If you have any interest in learning to invest in apartment buildings, this is a must read.
All books about getting rich and getting what you want are all rip-offs of this classic and none of them are any good. Regardless of where you are in life, stop and read this book.