Wealth Formula by Buck Joffrey

In June of 2008, I had just completed my surgical residency and gotten married the day after graduation. There was already quite a bit of change in my life. On the way back from my honeymoon, I looked for something to read at the Puerto Vallarta airport—not many choices as you can imagine. Most people heading back stateside are too hungover to read on the plane. There on the shelf, I grabbed one of the three available books and the only one that did not have a picture of buff dude with long hair appealing to romance novel enthusiasts. It was called Cashflow Quadrant and the author was, of course, Robert Kiyosaki. I read that book on the plane and my life has never been the same. I’ve heard lots of stories like this over the years. Something about Kiyosaki’s way of explaining concepts really inspires people. To this day, I am quite sure that he has been the impetus behind more millionaires around the world than any other individual in history. The funny thing is that some of those concepts that resonated with me like “cash flow” were nothing new. My dad used to call himself a cash flow investor long before Kiyosaki wrote Rich Dad Poor Dad. The point is that sometimes it’s not about what is said but how it’s said that matters. Guys like Kiyosaki know how to communicate important concepts. When that happens, you can get quite an aha moment that sends you down a rabbit hole. After reading Rich Dad Poor Dad, Ryan Stieg set out on his journey to figure out how to make sense of his own purple book experience. Part of that journey led him to the Wealth Formula Community. On this week’s Wealth Formula Podcast, he takes us down his path from W2 wage earner towards his trajectory as a full-time investor. Ryan’s story could sound a lot like your own if you want it to! LISTEN NOW! Ryan Stieg started down the path of passive investing like many of us did, after he picked up a little purple book called Rich Dad, Poor Dad. The problem was that he did that in college and didn’t take action on it to start investing passively until many years later when that itch to invest passively crept back up. Since 2016, Ryan has focused (or should we say lack thereof) on all different kinds of investing, always coming back to real estate and business being his mainstays. Ryan has a small portfolio of one to three unit rentals across five different markets in the US. He has also invested in nearly twenty real estate syndication investments individually or with an investment group that he co-founded with fellow Infielder, Jim. Outside of that, Ryan has investments in note funds, mobile home park funds, life settlements, a development project, cryptocurrency, and a few other items that further cement his self-diagnosis of “shiny object syndrome”. However, with all of those reaches over the years, Ryan still believes in the long-term success and tenets of passive, cash-flow focused investing with proven syndicators and shared knowledge in investing. When he’s not working on passive investments, he is working in the transportation insurance industry or found with his wife watching whatever sport one of their two boys is involved in during that particular season. Shownotes: How did Ryan discover the Wealth Formula Podcast? Connections he has made through Wealth Formula Network Why go down the franchise route? How important Wealth Formula Network has been to his growth?

“Coming out of left field” is a slang derived from baseball which basically references something unexpected. What does that equate to in personal finance? Well, the opposite of something unexpected would be something expected or… conventional. Conventional financial wisdom includes stocks, bonds, and mutual funds as the foundation of a solid, responsible portfolio. Conventional finance has even labeled investments out of this core set of products as alternative. I wonder why? Well, when you think alternative, what kinds of images pop up in your mind? Purple hair? Nose rings? Well, that’s not by accident. The conventional financial apparatus would like investors to think of investing in real estate and other non-paper assets the same way you might think of those alternative images: unstable, unsafe? It’s a rather clever use of language for marketing purposes I must say. But it’s disingenuous all the same. After all, how could real estate be an alternative investment?  The ownership of real estate and other real assets far outdate the more modern phenomenon of paper assets and certainly any kind of public equity market. Owning stuff is the only way investing existed just a few hundred years ago! Nevertheless, I can’t tell you the number of times I’ve witnessed genuine anxiety from investors first realizing that they ought to be investing another way other than the way they had been conditioned their whole life. I get it. That’s what our alternative investing communities, like Wealth Formula Network are for. We are kind of like support groups for recovering paper asset investors and we provide each other the support and courage to do what is in our own financial interests. Of course, ours isn’t the only support group (or cult) out there. Jim Pfeifer’s Left Field Investors is another one. It just so happens that he’s part of our community as well. Listen to this week’s episode Wealth Formula Podcast to learn how Jim’s journey from high school teacher to financial advisor ended up leading him into podcasting and a career as a full-time investor. These intra-community shows are a great chance to reflect on your own financial journey. Make sure to listen NOW. Jim Pfeifer is one of the founders of Left Field Investors and the host of the Passive Investing from Left Field podcast. Left Field Investors is a group dedicated to educating and assisting like-minded investors negotiate the nuances of the passive investing landscape and world of syndications. Jim is a former financial advisor who became frustrated with the one-path-fits-all approach of the standard financial services industry. Jim now concentrates on investing in real assets that produce cash flow and is committed to sharing his knowledge with others who are interested in learning a different way to grow wealth. Jim not only advises and helps people get started in passive real estate syndications, he also invests alongside them in small groups to allow for diversification among multiple investments and syndication sponsors. Jim believes the most important factor in a successful syndication is finding a sponsor that he knows, likes and trusts. He has invested in over 45 passive syndications including apartments, mobile homes, self-storage, private lending and notes, ATMs, commercial and industrial triple net leases, assisted living facilities and international coffee farms and cacao producers. Jim is constantly looking for new investment ideas that match his philosophy of real assets producing cash flow as well as looking for new sponsors with whom he can build quality, long-term relationships. Jim earned a degree in Finance & Marketing from the University of Oregon and a Master’s in Business Education from The Ohio State University. He has worked as a reinsurance underwriter, high school finance teacher, financial advisor and now works exclusively as a full-time passive investor. Jim lives in Dublin, Ohio with his wife, three kids and two dogs. In his free time, he loves to ski, play Ultimate frisbee and cheer on the Buckeyes. Shownotes: What Jim thinks about “Alternative Investments” Managing property managers Are Alternative Investments safe? Left Field Investors

In the last few episodes of Wealth Formula Podcast, we have had some serious specialists in the area of Real Estate and Natural Resources.  These shows are important because you, as an investor, need to know what’s going on out there so you can make educated decisions about where to deploy your capital. Solid information from experts is important, but the actual implementation of personal finance strategies is often daunting for individual investors in the alternative space. If you follow the conventional financial path, it’s easy. You just keep dumping your hard-earned money into stocks, bonds, and mutual funds and help your financial advisor retire comfortably. However, easy does not mean wise. Blind faith in conventional financial wisdom can be hazardous to your financial health and catastrophic for your retirement plans. In my 47 years of life, I have come to realize that nothing worth doing is ever easy. Taking charge of your own finances requires some work. The good news is that, if you are a listener of Wealth Formula Podcast, you are probably already a high-paid professional doing something that requires a great deal more brain power than personal finance. Yes. Managing your own money takes work but it’s not that difficult. In fact, the hardest part is overcoming the fear of making the wrong decisions. That said, letting someone else make those decisions for you doesn’t guarantee success either. The reality is that if you are managing your own money, at least you know for sure that the decisions you make are in your own interest and they are decisions you made. So how do you become confident about making your own financial decisions? Well, for one thing, it takes some time. The only way I know how to speed up the process is by learning from others. And it’s not just the good stuff you need to learn either.  It is true that the best way to learn is through mistakes. However, they don’t need to be your mistakes. Learning through your peers is priceless. That’s why the next few episodes of Wealth Formula Podcast will feature interviews with real investors just like you. This week I interview a guy who worked for Boeing for three decades and went through a divorce before his personal finance journey really took off. That’s real stuff. So if you’re curious about the financial journeys of your Wealth Formula peers, make sure to listen to this interview and learn why Chris Odegard now feels more confident than ever in his financial future! Chris Odegard’s prolific investing journey began in 2008, ten years before he departed Boeing. He experienced a huge illiquidity event where he lost 55% of his assets. In this case, the event was the end of his nineteen-year marriage. After that, he went from living in a beautiful house in the suburbs to what he fondly refers to as the van-down-by-the-river apartment, a run-down studio in a shabby part of town. No small burden was the thousands of dollars in alimony and child support going out the door each month. Shortly thereafter, he read Robert Kiyosaki’s Rich Dad, Poor Dad, and his mind was opened to a whole new world of investing, and a way in which he might extricate himself from this financial abyss. One day in the down-by-the-river apartment, he heard an advertisement on the radio for a free real estate seminar put on by Robert Kiyosaki’s Rich Dad Company. Having recently finished the book and still filled with the resulting excitement and emotion, he eagerly registered for the event. On the day of the class, his beloved truck wouldn’t start. He felt like he was at a turning point, and there was no way he was going to let this stumbling block deter him. He managed to find a rental car company that would deliver a car to his apartment, and he was off to the seminar. He made his first real estate investment in 2010 when his daughter decided to move off-campus following her freshman year. Not wanting to pay someone else’s mortgage for the next three years, they purchased a duplex near her university, moved her in, and sublet ¾ of the building. They received an $8,000 check as part of President Obama’s first-time homebuyer tax credit, the cash flow and appreciation that followed, and she received some real-world business education while simultaneously managing the building and going to college. Subsequent investments have included: single-family rentals, apartment buildings, notes, health care startups, movie licensing, private lending, craft-beer brewing, self-storage, ATMs, life insurance policies, and cryptocurrencies. He had varying degrees of success and some failures in these endeavors, as one does with any investing. The most important thing he learned, however, was which investments are the best match for him in terms of his skillset, interest, risk tolerance, tax situation, and how much of his time they consume. In the end, his investment of choice ended up being apartment syndications. Through these alternative investments, he climbed out of his post-divorce financial setback and increased his net worth many times over in a relatively short period. It’s noteworthy that the above list does not include stocks, bonds, ETFs, and mutual funds. His stock holdings are limited to small investments in companies with explosive upside-growth potential and limited downside. He left Boeing at the end of 2018 at the age of fifty-six and started The Prolific Investor in an attempt to share what he’s learned so that others might benefit, especially young people who have the benefit of time on their side. Making smarter financial decisions and investments will keep them from leaving millions of dollars on the table as he did and allow them to retire in their thirties or forties instead of their fifties or sixties. His children are grown and blazing their paths in the world. He currently lives in Kent, Washington, with his personal and business partner Marnye Moore. Shownotes: Chris and his investment portfolio How finding Wealth Formula changed his life Wealth Formula Banking Being part of the Wealth Formula Network theprolificinvestor.net

We talk about a lot of concepts on Wealth Formula Podcast related to personal finance and sometimes it can be overwhelming: especially for the newbies in our community. So let me summarize the basics.  First, make sure you are protecting your family against the economic fall out of unexpected death. Estate planning, including life insurance, is critical. I am a firm advocate of cash value life insurance such as Wealth Formula Banking to also allow your defensive moves like insurance to help you amplify your wealth. Next you need asset protection. You don’t want to be a lawsuit or creditor away from bankruptcy. Cover your assets as they say. Get in touch with someone like my attorney, Doug Lodmell, sooner rather than later. Finally, the Wealth Formula ethos is to invest in real assets that not only make you money but also mitigate your tax burden. In my humble opinion, the ideal investment for this purpose is to invest in apartment buildings. I have searched high and low for investments that offer comparable yield with the same risk/benefit profile as investing in value-add working class apartment buildings in fast growing markets. I can’t find anything that comes even close. Even real estate development doesn’t really make sense to me right now. The yields are no better than what I’m getting on value-add apartment buildings with a fraction of the risk. We have also seen the resilience of apartment building investments in the hands of competent operators. Pandemics, deep recessions, and eviction moratoriums aside, we have fared quite well and investors are seeing that first hand. And now, we are out of immediate danger and the economy is growing at an incredible rate. Fiscal and monetary policy combined with pent-up demand for goods and services is creating an economic boom that, in my opinion, will be the second coming of the roaring 20s.  I believe we are just at the beginning of one of the best times to make money in decades. I also believe that people who invest as much money now into real estate will be very happy in a few years if those properties are improved and managed competently. Sitting on the sidelines is a guaranteed way to lose money. Why? Well, along with that real economic growth, we are also going to see some significant inflation. Your money in the bank is, therefore, guaranteed to lose value. If you are in our accredited investor club, you are going to start seeing our rate of acquisition pick up quite a bit for all of the reasons cited above. It’s GO TIME! To help you understand why that is, I interviewed Dave Steele, co-founder and principal of Western Wealth Capital. Dave has been in real estate for three decades and has been extraordinarily prescient in his forecasts. If you want to know why I think it’s “go time”, make sure to listen to this week’s episode of Wealth Formula Podcast! David is an entrepreneurial executive who has offered leading-edge investment opportunities to thousands of individual investors in both Canada and the United States. From 1997 to 2001, David was CEO of International Properties Group Ltd. (IPG), a TSX-listed real estate company that purchased apartment buildings and converted them to condominiums. While at IPG, David developed and operated a wealth management division, which helped thousands of individual investors acquire more than 85 projects and 7,000 properties throughout North America. Those investment properties continue to generate passive investment income today. David has been actively involved in the growth of the Entrepreneurs Organization (EO), a non-profit organization that now has over 7,500 members worldwide. From 1993 to 1994, David served as EO’s International President. David has a Bachelor of Commerce degree with a major in finance from the University of Calgary.

In recent years, I have made some pretty darn good bets that have made me a lot of money. Now I know you are thinking that I am referring to my investments. And you are correct. But I am not referring to financial investments.  The investments that have made me the most money over the past few years are investments into relationships. One superpower that I have been blessed with is the ability to read people—what might be best characterized as “Spidey Sense”. I am, of course, referring to Peter Parker and his web-slinging alter-ego’s ability to sense imminent danger. By the way, I must give Wealth Formula Network member, Ian Kurth, credit for giving my superpower this name. As ridiculous as it may sound, I credit it for staying out of a lot bad deals and away from the many charlatans out there in the investment world. Don’t get me wrong, early in my investment career I got burned too. In retrospect though, the signs were always there. If I had harnessed my senses better, I could have probably avoided those mistakes. To be clear, there is always risk in investing. There’s always a chance you are going to lose money. I’m ok with that. As long as you win a lot more than you lose, you are going to do just fine. Believe me. The way you mitigate the losses, however, is to align yourself with competent individuals with high integrity. Know, like and trust are requirements for me when it comes to partnering or investing with anyone. However, they also have to be damn good at what they do. That’s why the saying “your net worth is equal to your network” is so true.  Having relationships with people who you trust and who are incredibly smart and good at what they do is absolute gold. For me that includes guys like Dave Steele, Tim McLeary and Dante Andrade. It also includes one of my favorite entrepreneurs and one of the smartest guys I know, Jorge Newberry. I can honestly say that whenever I have a problem, Jorge is one of the first guys I call. He knows his stuff and he’s always got great wisdom to share. This week on Wealth Formula Podcast, Jorge updates us on the area that he knows best—the single family residential market. And…well, he sees some trouble on this horizon. Make sure to listen to why! Jorge P. Newbery Is On A Mission To Help Americans Crushed By Unaffordable Debts. He is CEO and Chairman of AHP Servicing LLC and American Homeowner Preservation LLC, which crowdfund the purchase of nonperforming mortgages from banks at big discounts, then share the discounts with struggling homeowners. He is also Founder and CEO of Debt Cleanse Group Legal Services, a nationwide legal plan to help consumers and small businesses get out of debt. He is also a non-attorney Partner in Activist Legal LLP, a law firm in Washington, D.C.; Founder and CEO of preREO, an online marketplace for lenders offering defaulted first mortgages secured by vacant- and tenant-occupied properties to local investors; and a Board Member of the Group Legal Services Association, which is committed to advancing access to quality legal services through legal service plans and industry collaboration. A 2004 natural disaster triggered the financial collapse of Newbery’s former business, leaving him with $26 million in debts he could not pay. Newbery rebuilt himself through AHP, sharing what he learned from his challenges to help families at risk of foreclosure stay in their homes. In 2018, he founded Debt Cleanse Group Legal Services to assist consumers and small business owners resolve all types of unaffordable debts. He authored Burn Zones: Playing Life’s Bad Hands; Debt Cleanse: How To Settle Your Unaffordable Debts For Pennies On The Dollar (And Not Pay Some At All); and Stories of the Indebted. Shownotes: Jorge talks about how Covid affected the housing market Is there a difference in terms of what happens with the housing markets at the high end versus the middle and lower end? Jorge talks about how an upcoming crisis happening in the mortgage space will affect rentals and apartment buildings What is AHP Servicing?

I remember when I got out of surgical training and started my new life as an adult (at 33 years old), I was terrified by anything related to audits or legal issues. Any time I got a letter from the IRS about anything, I broke out into cold sweats. Every time I got a letter from an attorney I would do the same—-even though most of those letters were actually advertisements. Now, 47 years old and owner of multiple businesses and complicated financials, I don’t have visceral reactions to any of this stuff anymore. Why? Well, when it comes to taxes, I would venture to say that any business owner making a lot of money will likely get audited eventually. After all, what is an audit? An audit is an inspection. If you aren’t doing anything wrong, then what are you worried about? I’ve been through three tax audits now.  In all cases, I did nothing wrong. I broke no laws. The audits mostly focussed on documentation. In some cases, the documentation was not done as well as it could have and that’s what the auditor wanted to focus on. In my experience, the tax audit process is just a negotiation. If you get audited, they are going to find SOMETHING no matter how ridiculous it may seem. Then you come to some kind of settlement. The legal system in general works on these principles. That’s why I don’t really fear frivolous lawsuits anymore. Very rarely do things go to court. The dirty little secret is that whoever has the most money usually wins disputes simply by draining the opposition of financial resources that cover legal fees. Once you realize that complexity of the real world, it’s much easier to sleep at night with audits and legal issues. One more point. If you have good asset protection, that’s another reason not to worry about frivolous lawsuits or even legitimate personal liability. Talk to my attorney friend Doug Lodmell about that one. But getting back to taxes, I want to emphasize that most of the tax code is gray and you need to have a quality tax professional on your side rather than a robot who just keeps telling you why “you can’t do that”. As you know, my CPA is Tom Wheelwright and I highly recommend you consider someone on Tom’s Wealthability team. However, it’s really good to get different perspectives as well. That’s why this week’s interview with tax attorney, Stephen Moskowitz was really eye opening for me. If you make a lot of money and worry about taxes and audits, you are not going to want to miss this episode of Wealth Formula Podcast! Steve Moskowitz knows that clients’ lives – and livelihoods – can be upended or even destroyed when tax trouble arises. As a tax attorney for more than 30 years, Steve has made it is his personal mission to help business owners and individual clients successfully resolve tax issues and go on with their lives. With extensive knowledge of tax law, a desire for swift and vigorous defense, and decades of experience with tax authorities and in the courts, he has unusually perceptive judgment in assessing the best way forward, and the right resources to achieve resolution. Steve started Moskowitz LLP because he saw that while big corporations were consistently navigating the tax code to their advantage, smaller businesses and individuals were not. With prior experience as a CPA at a national accounting firm, and with extensive experience in the corporate world, Steve knew he could help smaller businesses and individuals by applying what he knew, and wanted to make the critical difference in businesses and individual lives that protected them from the powerful government and enabled them to keep and enjoy the fruits of a lifetime of work that otherwise could be taken away from clients by the government in just one action. Today – together with a full team of tax attorneys, CPAs, enrolled agents and other professional staff – Moskowitz LLP helps business and individual clients across the country and overseas to resolve a wide variety of tax matters. The Moskowitz LLP team also creates strategies to utilize the tax code and relevant treaties to clients’ benefit, and provides ongoing tax support and tax return preparation. Steve understands that clients need high quality representation but do not have unlimited budgets, and that cost predictability is important. Unlike most firms, Moskowitz LLP clients pay a flat fee and are not subject to hourly rates. Shownotes Cost Segregation Analysis Should you be scared of audits? What is the difference between being represented by a CPA and being represented by a tax attorney? What is the discriminate income function?

One of the secrets to my own success as an investor has been to involve myself into a variety of tribes. What I mean by that is that I am around other intelligent, successful people who have a wealth of experience collectively as investors. For me, that has resulted in introductions to people with whom I have partnered over the years and who have made me money. It is important not to underestimate the power of collective intelligence. In saying that, I must make the distinction between collective intelligence and heard mentality. Herd mentality bias refers to the tendency of investors to follow what others are doing rather than by their own analysis. I differentiate that with collective intelligence where a group of individuals independently analyzes opportunities and vets them together. In other words, it involves having intelligent conversations with one another and coming to collective conclusions that might be more accurate than any individual one. A good example of this kind of tribe is our own Wealth Formula Network. This is our private community where we interact over Facebook and also do biweekly Zoom video calls. I think about personal finance a lot in case you haven’t noticed. But I am not arrogant enough to think I know everything and I am also very open to changing my mind if people can convince me with good data. In that regard, Wealth Formula Network has been at least as valuable for me as anyone else in our group. On a more practical level, investment groups can sometimes allow you to participate in private offerings to which you might not otherwise have access. That’s been a huge advantage for me I must say. Finally, investment “tribes” can actually make it possible for you to invest in more opportunities with limited resources. For example, you might be interested in opportunities for which minimum investments are $100K.  If you want to invest in 7-8 opportunities in a year that’s quite a bit of money. However, using the tribe model, my guest on Wealth Formula Podcast this week has figured out an ingenious way for you to participate with less money yet maintain the broad investment exposure you want. If you want to invest in more opportunities than you have money, you won’t want to miss today’s show with Tribevest founder, Travis Smith! P.S. If you decide to sign up for Travis’ service with your tribe, go to TribeVest.com/wf and he will give you $50 to start. Use the code “BUCK50” Tribevest CEO, Travis Smith, dreamed out loud about building generational wealth and forever altering our family’s financial trajectory. However, he’d never been introduced to ways of private investing, and wealth-building seemed out of reach. Travis and his brothers realized that they could overcome our lack of experience and know-how if we worked together. But they had to confront the more obvious and immediate barrier — we lacked the capital required to break into wealth-building, freedom investments. By forming and funding an Investor Tribe, they unlocked a new future and the secrets of the wealthy. Shownotes: The primary use of Tribevest What is the advantage of using Tribevest? The growth of Tribevest in the past 2 years How do you start your own Tribe? TribeVest.com/wf and use the code “BUCK50”

Lots more questions to answer on this week’s “Ask Buck”! This episode includes questions on life settlements, Wealth Formula Banking, passive income, asset protection, and more. Listen HERE!

This week’s episode features a discussion with Ian Kurth—radiologist and highly sophisticated investor. Ian is a member of Wealth Formula Network and one of its major assets.    He is doing exactly what, in my opinion, every high-paid professional ought to be doing. He has really transformed himself into a sophisticated investor and thought leader on personal finance for our demographic.   The current discussion is inspired by a 90-minute Wealth Formula Network call around how to think about bitcoin and cryptocurrencies.   It’s important to note that just a couple of years ago, Ian was a bitcoin skeptic. So you are going to want to understand how he has transformed into a very pro-bitcoin investor despite his conservative nature! Listen HERE!     P.S. Ian has also compiled a list of resources that he has found helpful in his journey to becoming crypto-competent. He has kindly permitted me to share them below:   Podcasts https://www.theinvestorspodcast.com/bitcoin-fundamentals/page/2/ – Recommend starting with – (#1, #3, & #5 first – links below) #1 – https://www.theinvestorspodcast.com/bitcoin-fundamentals/bitcoin-common-misconceptions-w-robert-breedlove/  #3 – https://www.theinvestorspodcast.com/bitcoin-fundamentals/bitcoin-a-deflationary-world-w-jeff-booth/  #5 – https://www.theinvestorspodcast.com/bitcoin-fundamentals/bitcoin-michael-saylor-a-masterclass-in-economic-calculation/  This is an outstanding 9 podcast series. Muscle through the sometimes amateur audio production quality. Michael Saylor is a visionary, who has overqualified background experience. – The “What is Money?” Show The Ultimate Bitcoin 101 with Vijay Boyapati What Bitcoin Did Tim Ferris Show – Balaji Srinivasan  Many, many more podcasts are available depending on which direction down the rabbit hole you choose. YouTube BTC vs. Gold debate “The Best Bitcoin Debate Ever Recorded (Anthony Pompliano vs. Mike Green)” Michael Saylor – CNBC Ross Stevens (NYDIG) Articles The Bullish Case for Bitcoin The Case Against Bitcoin Why Bitcoin, The Series Norwegian Billionaire Investor Letter on Bitcoin Investment Illuminating the Path Forward – NYDIG Books The Bitcoin Standard: The Decentralized Alternative to Central Banking Inventing Bitcoin: The Technology Behind the First Truly Scarce and Decentralized Money Explained – Here is a referral code to download this book free: https://www.swanbitcoin.com/Kurthian?gc=yanbook1020&utm_campaign=yanbook1020  Bitcoin: Hard Money You Can’t F*ck With: Why bitcoin will be the next global reserve currency Websites Case Bitcoin. Lots of solid info/compilations of  news/articles/pricing https://www.lopp.net/bitcoin-information.html http://billybitco.in/ https://www.keepitsimplebitcoin.com/bitcoin-security-guide/  Graphs https://wtfhappenedin1971.com/  https://www.lookintobitcoin.com/charts/stock-to-flow-model/  https://dcabtc.com/  Corporate custodianship and legal issues Microstrategy Corporate adoption conference Twitter  Raoul Pal Preston Pysh Lyn Alden Plan B Willy Woo Robert Breedlove Greg Foss Buying Crypto If you decide to buy on a crypto exchange, I recommend coinbase PRO b/c it has the cheapest transaction fees. (https://www.coinbase.com/join/kurth_6) If you want to do daily buys at a cheaper trx fee, and then auto send to a cold storage device, I use Swan Bitcoin. I like to dollar cost average on a daily basis. https://www.swanbitcoin.com/Kurthian  If you’d like to earn % interest on your bitcoin, you can explore BlockFI. You get some money for signing up. For other digital assets that are not on Coinbase Pro, I use Crypto.com. Use code 2grceqsvjv for $25. Voyager is decent for more exotic coins. https://www.bitwiseinvestments.com/ is a good private equity index type option that I have used since 2017. From a brokerage account, GBTC and ETHE are reasonable bitcoin proxy investments, particularly in qualified retirement accounts. Dr Ian Kurth is the poster child of successful high paid professionals taking ownership of their personal financial situation. He is a neuroradiologist and he is also a member of our private community Wealth Formula Network. He’s an active participant there and in Investor Club and Physicians Wealth Formula. LinkedIn: https://www.linkedin.com/in/ian-kurth-19836569/

It’s time for another round of “Ask Buck”. This week’s episode includes questions on Wealth Formula Banking, cryptocurrency, taxes and multifamily real estate investments. Listen HERE!