Personal finance is personal. However, there is a type of conventional financial wisdom that leads us to believe that there is one right way of doing things. That becomes very confusing to people…especially in our alternative investment world. After all, financial advisors are the experts, right? In reality, financial advisors are usually most interested in […]
When I first read The Cash Flow Quadrant by Robert Kiyosaki (the purple pill), I was fascinated by the concept of using earned income to produce streams of passive income, that would eventually become a great river that would replace ones earned income all together. That concept is what I now call Wealth 1.0. You […]
There is a saying, “People grossly over-estimate what they can accomplish in a year and grossly under-estimate what they can accomplish over five years.” As I write this to you on my 48th birthday (September 8th), I look back on the last 5 years and it’s hard to argue the point. Five years ago, this […]
As a flaming entrepreneur I had a serious problem when I was a young man: Shiny Object Syndrome. After surgical residency, I had a couple of major business successes. Having never failed in business before, I kept pushing the limits. It wasn’t about the money back then. You see, natural entrepreneurs like me enjoy money—no […]
Henry Ford once said, “Whether you think you can or think you can’t, you’re right”. The older I get, the more I am convinced that he was right! I believe that mindset is the single most important element to success in life—be it financial or otherwise. Mindset is a broad term but the way I […]
Once you realize how much you don’t know, you always feel like you’re playing catch up. At least that’s how I feel when it comes to personal finance. Wealthy families often implement family offices to help keep things straight. Theoretically, that’s a great solution. However, from what I’ve seen, family office structures often leave clients […]
Over the last three weeks, you have heard actual members of our Wealth Formula Community talk about their financial journeys. A recurrent theme through these interviews was the concept of Wealth Formula Banking. In case you didn’t notice, all three of these individual investors are essentially using Wealth Formula Banking as the cornerstone of their […]
According to the SEC, you are an accredited investor if your annual income exceeds $200,000/year ($300,000 if filing jointly) OR you have a net worth of greater than $1 million excluding your personal residence.
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