PODCAST · business
Wealth Formula Podcast
by Buck Joffrey
Financial Education and Entrepreneurship for Professionals
Episodes
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581: Dante Andrade on How Yesterday's Hottest Market Might Be Tomorrow's Biggest Opportunity
There's something fascinating about real estate cycles. In 2009, Las Vegas was practically synonymous with financial disaster. Home prices had collapsed, foreclosures were everywhere, and plenty of people thought the market might never recover. Phoenix wasn't much better. Florida had entire...
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580: If America needs housing, why are landlords cutting rents?
America has a housing shortage. You've heard it in practically every real estate investment pitch. We haven't built enough homes. People need somewhere to live. Therefore, owning apartments should be a pretty good business. So why have apartment owners in some of the fastest-growing markets…
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579: Follow the People: What Demographics Tell Us About the Economy's Future
If you want to know what happened to Dallas real estate, look at interest rates and the wave of new apartment construction. If you want to understand where it could be headed over the next few years, look at the people. Dallas–Fort Worth's population grew by more than 123,000 in just 12 months....
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578: Everyone is chasing AI gold. What will the miners need?
Imagine telling a farmer 200 years ago that someday, people would make a living helping businesses get found on Google. First, you'd have to explain Google, then the internet, then computers. And yet, when we talk about AI, we tend to assume we can already see all the jobs that will ever exist.…
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577: Your Money Is a Business w/ M.C. Laubscher
When you finally start making some real money, you don't necessarily realize what that really means. In a way, you've just started another business. Think about it. The money you've earned and saved now has a job. Its job is to make more money. That makes you the CEO of the business of your own...
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576: Is AI Masking a Much Weaker Economy? w/ Dr. Anirban Basu
AI may ultimately change the world. It may also be covering up how weak much of the current economy really is. Both things can be true. We keep asking whether "the economy" is strong or headed toward recession—as if every part of it moves together. But what if significant parts of the economy are...
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575: Should You Pay Off Your Home?
That's a question I get a lot from investors, and the answer isn't as simple as the math might suggest. For years, the calculation was pretty easy. When mortgage rates were extremely low, borrowing money was cheap compared with the returns you could reasonably expect from investing that capital...
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574: How Real Estate Investors Pay Less Tax
Whether or not you currently invest in real estate, you've probably heard people talk about the enormous tax advantages that come with it. You hear about people like Donald Trump paying no taxes. You hear people complain that wealthy real estate investors somehow play by a different set of rules....
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573: What If We're Entering an Entirely New Economic Era? w/ Richard Duncan
Every once in a while, it's useful to zoom way out. Most of the time, we look at the economy as a collection of separate stories. The federal government is running enormous deficits. Stock market valuations are near historic extremes. China has emerged as America's greatest strategic competitor....
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572: Zoning, Rent Control, and the Housing Shortage
Why is housing so expensive in some American cities—and why does it seem like we can never build enough of it? We tend to blame everything from interest rates and developers to investors and population growth. But a big part of the answer may be much simpler: in many of the places where people…
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571: The Great Real Estate Reset Is Happening—But in Slow Motion w/ Peter Muoio
For the last three years, commercial real estate investors have been waiting for a dramatic reset. The expectation was straightforward: higher interest rates, a wall of maturing loans, and distressed sellers would eventually force prices sharply lower, with the correction happening all at once....
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570: The Next Great Investment Theme? w/ Harry Moser
Link to Harry Moser's Resources blog: https://reshorenow.org/blog/reshoring-initiative-resources/ For decades, one of the easiest ways to increase profits was to manufacture products where labor was cheapest. Companies built factories in China, Southeast Asia, and Mexico, while consumers enjoyed...
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569: The Most Expensive Tax Is the One That Stops Compounding
Most investors spend nearly all their time thinking about how to make money. They analyze returns, evaluate risk, search for opportunities, and try to identify the next great investment. But there is another side of wealth building that receives far less attention: How much of what you make do…
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568: When Great Markets Go on Sale
One of the biggest mistakes investors make is assuming that today's conditions will last forever. When the stock market is soaring, they assume it will continue indefinitely. When it's crashing, they assume the pain has only just begun. Real estate investors aren't any different. Today, there are...
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567: Follow the Oil w/ Dr. Anas Alhajji
One of the first lessons you learn as an investor is that the headline is rarely the whole story. The same is often true in history. Take the so-called "October Surprise" of 1980. The theory—which remains debated today—is that members of Ronald Reagan's presidential campaign may have secretly...
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566: The Investment Trend Almost Nobody Is Paying Attention To W/ Doomberg
Most investors spend an enormous amount of time thinking about interest rates, inflation, earnings, and the latest AI breakthroughs. But very few stop to think about the one input that makes all of those things possible in the first place: energy. We tend to assume that energy will always be…
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565: Tax Strategies for High Earners—And What to Avoid
One of the biggest frustrations I hear from successful professionals, business owners, and investors is simple: "I feel like I'm paying more and more in taxes, but nobody is showing me legitimate ways to reduce them." The reality is that there are numerous tax strategies available to high…
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564: Buying and Selling a Business or Practice
For most high-income professionals, the path to financial success seems straightforward: work hard, earn a great income, save diligently, and invest wisely. The problem is that even the highest-paying jobs have two significant limitations. First, much of what you earn is exposed to taxation.…
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563: What If College Doesn't Have to Cost What You Think?
For those of us with kids, summer marks another milestone. School is out, graduation season is here, and for many families, college is right around the corner. My oldest daughter will be a senior this fall, which means our family is now officially entering the college application process. Like…
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562: The Next Real Estate Boom Is Taking Shape
Some of the best real estate investments in history were made when the headlines were overwhelmingly negative. When financing dries up, lenders become restrictive, sellers become motivated, and uncertainty keeps many investors on the sidelines, opportunities begin to emerge for those willing to...
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561: Where Are Mortgage Rates Headed?
A couple of weeks ago, I had Barry Habib on the podcast talking about where he believes interest rates and the economy may be headed over the next several years. Barry has been one of the more accurate voices in housing and mortgage finance during a period when many economists and market...
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560: A Cash Management System That Will Make You Millions
This week's episode of Wealth Formula Podcast is a little different. What you're about to hear is actually a webinar I recently did with Chris Miles on a topic I've discussed on and off over the years called Wealth Formula Banking. Why play this on the podcast? Because I genuinely think more…
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559: Barry Habib: Where the Economy Is Headed—and What Investors Need to Know
The stock market is sitting at or near all-time highs again. And what happens? People rush in. It's called FEAR OF MISSING OUT. Now compare that to what's happening in real estate. In many markets—especially multifamily—we've seen 30–40% price corrections from just 3–4 years ago. Our investor…
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558: Bitcoin's Rise as Collateral in Traditional Finance
I continue to be surprised by how many sophisticated investors still dismiss Bitcoin as purely speculative. At this point, whether you personally like Bitcoin or not is almost beside the point. The more important question is this: What happens to the price of an asset with a permanently fixed...
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557: The Legal Structure That Can Make—or Quietly Destroy—Your Wealth
There's a strange paradox when it comes to wealth. The more you have, the more invisible risk you carry. And most people don't see it until it's too late. I've seen this play out in a lot of different ways. A physician builds a multi-million dollar net worth over decades—real estate, brokerage...
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556: Investing in Movies?
When it comes to investing, boring is good. In fact, in most cases, boring is exactly what you want. The fewer moving parts an investment has, the fewer ways it can break. You're not relying on perfect timing, you're not depending on some heroic execution, and you're not sitting there hoping...
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555: Iran, Bitcoin, and What It Means for Gold
If you want to understand where money is going… don't listen to what people say. Watch what happens when the system is under stress. Right now, in the Strait of Hormuz—arguably the most important energy chokepoint in the world—Iran has effectively taken control of transit and, in some cases, is...
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554: The Dollar's Hidden Power (and Why the World Wants Out)
If you've ever wondered why the U.S. seems to play by a different set of financial rules than the rest of the world… this is it. It all comes down to the U.S. dollar being the world's reserve currency. Now what does that actually mean? After World War II, at the Bretton Woods conference, the…
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553: How To Think about Taxes
If you're paying a ton in taxes right now… it's because you're playing the wrong game. Most people think taxes are about income. They're not. They're about behavior—more specifically, incentivizing behavior. The government is constantly telling you what it wants through the tax code, and once you...
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552: The Inflation Spike Everyone Will Misread
This week, you're going to start hearing a familiar narrative again… "Inflation is back." And on the surface, it's going to look true. The next CPI print is very likely to come in hotter than expected. We're already seeing it in real-time data like Truflation. Energy prices have surged, and…
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551: Entrepreneurship Built for A Students?
Most people assume a high income leads to wealth. Sometimes it does. But more often, it leads to a very comfortable lifestyle that depends on getting paid dollars for hours. There's nothing wrong with that. For many people, the best path is to keep doing what they do well and invest their income...
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550: The Only Economists Worth Listening to Right Now
If you spend enough time listening to economists, you'll notice something interesting. They rarely agree. Over the years on the Wealth Formula Podcast, I've interviewed economists from across the spectrum—Keynesians, Austrians, monetarists, market practitioners, academics. Some are bullish about...
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549: You're Successful… Until You're Not — with Rod Khleif
I recently had a long conversation with a very successful professional. He's 58 years old. Highly educated. Respected in his field. Financially sophisticated — in fact, his job depends on understanding money. If you looked at his résumé, you would assume he was completely set for life. He wasn't.…
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548: AI Is About to Trigger an Energy Crisis Most People Don't See Coming
There is one truth that has followed every major technological revolution in human history. Energy demand always rises to meet technological capability. When we industrialized, coal consumption exploded. When we built the modern transportation system, oil demand reshaped global geopolitics. When…
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547: Home Ownership: The Good, The Bad, and The Ugly
There's a moment most high-income professionals remember clearly. It's when the first real money finally starts coming in. If you're a doctor, it's when you finish residency training. And almost immediately, the world starts whispering in your ear: "It's time to buy a house." Not just any house....
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546: A Review of Retirement Account Strategies
At some point in a successful career, taxes quietly become your largest expense. Not housing. Not lifestyle. Not investing losses. Taxes. And unlike most expenses, they grow automatically as your income rises — unless you deliberately structure around them. You know that my favorite means of tax...
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545: Should You Invest in Hotels?
For most of my career, I've been focused on two things: Operating businesses and Multifamily real estate. The strategy has been pretty simple. Take money generated from higher-risk, active businesses… and move it into more stable, long-term assets like apartment buildings. That shift—from risk to...
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544: Why the Sahm Rule Matters — and Why the Big Picture Matters More
This week's episode of Wealth Formula features an interview with Claudia Sahm, and I want to share a quick takeaway before you listen — because she's often misunderstood in the headlines. First, a quick explanation of the Sahm Rule, in plain English. The rule looks at unemployment and asks a very...
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543: Avoiding Misinformation in the Era of Fake News
One of the biggest risks people face when trying to understand the economy, investing, or personal finance isn't a lack of information. It's the illusion of being informed—while quietly limiting the sources that shape your thinking. We live in a world where information is everywhere. Podcasts, X...
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542: Why Investors CANNOT Ignore AI and Blockchain
The Wealth Formula Podcast is one of the longest-running personal finance podcasts still standing. For more than a decade, I've shown up every single week to talk about investing, markets, and the forces shaping the economy. What's interesting is how much my own thinking has evolved over that…
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541: Failure, Success, and the Current Economy with Russell Gray
We all love winners. We love hearing about the big wins and the perfect track records. It feels good. It feels safe. It instills us with a sense of trust. But I've been in business long enough to know that virtually all individuals who are long-term winners have had profound moments of failure…
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540: Outlook and Predictions for 2026
First off — Happy New Year. To kick off the year, this week's episode of the Wealth Formula Podcast is a solo one from me. I spend the episode walking through my outlook for 2026 and sharing a few predictions for how I think this cycle is going to play out. Lately, I keep hearing the same…
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539: Best of 2025 Holiday Special
It's been another interesting year in the world of personal finance and macroeconomics. As we look ahead to 2026… well, who really knows what's coming? I'll be sharing my own take—and making a few predictions—in an upcoming episode. What's hard to ignore is just how unusual this moment in history...
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538: Is Gold Still a Buy?
For years, gold was the asset nobody wanted to talk about. It sat there quietly while stocks and real estate continued to rip. Gold was for pessimists. For doomsayers and perma-bears. And then suddenly… gold didn't just wake up. It launched. As of mid-December 2025, spot gold is trading around...
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537: Markets Do Not Behave Like Saber-Toothed Tigers
You know, the longer I've been an investor, the more I realize this simple truth: the biggest threat to your wealth isn't the market… it's your own brain. We're all wired the same way—with instincts that were fantastic for avoiding saber-toothed tigers but are absolutely terrible for making good...
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536: Should You Own a Home?
Homeownership has been baked into the American Dream for nearly a century. Politicians, parents, and banks all tell you the same thing: "Buy a house as soon as you can. It's your biggest asset." But as a real estate guy who actually understands how wealth is created… I'm not convinced it makes...
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535: Apartment Buildings Are Having a Holiday Type Sale
It's that time of the year again—Black Friday, Cyber Monday. Everyone loves a deal. If you've been investing long enough, you know one important fact: there is always something on sale. The problem is the herd never sees it. They're too busy chasing whatever feels safe because it's setting new...
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534: The Economics of Professional Sports
This week's Wealth Formula Podcast is about the economics of sports—if you are a sports fan like me, you will love it. But before we get to that, I want to give you my two cents on one of the most important elements to financial success in anything: conviction. As I write this, Bitcoin sold off...
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533: What's Really Going On in Real Estate Right Now with Prof Norm Miller
When you invest in real estate, you're not buying what it is today—you're buying what it will become a few years from now. That's especially true in multifamily, which, despite all the noise, remains one of the most compelling long-term plays out there. Unlike stocks, you don't get a live ticker...
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532: Pejman Ghadimi - A New Paradigm for Buying Nice Stuff
A few years back, I bought some very expensive sports coats. I wore them at first and enjoyed them. But over time, they kind of lost their luster. As I have found often to be the case in my life, I don't tend to care that much about fancy stuff—fancy jackets, fancy shoes. My true self regresses…
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Frequently Asked Questions
How many episodes does Wealth Formula Podcast have?
Wealth Formula Podcast currently has 608 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.
What is Wealth Formula Podcast about?
Financial Education and Entrepreneurship for Professionals
How often does Wealth Formula Podcast release new episodes?
Wealth Formula Podcast releases new episodes frequently with a large back catalog of 608 episodes. Check the episode list for recent publication dates.
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Who hosts Wealth Formula Podcast?
Wealth Formula Podcast is created and hosted by Buck Joffrey.
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