Your typical wealth advisor stresses the importance of a diversified portfolio. However, to them, that means investing in a variety of stocks, bonds, and mutual funds. I believe in portfolio diversification, but diversification should NOT be limited to different classes of paper assets that react to the emotional whims of normal geopolitical undulations. Diversification should […]
Wealth Formula podcast is not a real estate show. However, we do love real estate! Why? Because real estate is real. It’s not a piece of paper and it’s not a digital equity that you trade on Ameritrade that goes up and down with the whims of global emotion. It is an investment that allows […]
Over the last several podcasts I have been impressed by the increasing number of listeners that are tuning in to the show and am really excited about the community we are growing together. For that, I thank you. This week I’m traveling but thought it would be a great opportunity for me to share more […]
Solving the wealth formula is dissociating time from money. In other words, you no longer need to actively work in order to maintain a particular lifestyle. It is important to know that entrepreneurship is not required in order to get to this point. In fact, if you already have a high-paying job, your quickest way […]
I approach everything in life similar to the way I approach business. One of my cardinal rules as an entrepreneur is to avoid working IN a business so much that I stop working ON it. For example, if you have a bakery, you don’t want to be the one who is baking, doing accounting, and […]
This week’s episode of Wealth Formula features the first of many episodes of “Ask Buck” where you, my fellow professionals looking to transform into entrepreneurs and sophisticated investors, ask me the questions that are on your mind. This week’s topics include questions about cash flow versus cash reserves, topics in real estate LLCs, flipping versus […]
Lane is your classic highly educated, high wage earning professional. However, he doesn’t throw his hard earned money into the stock market. Lane uses his money to buy houses and is gradually phasing out his own need to have a boss. At the age of 30, he’s already more than half way to replacing the […]
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