Wealth Formula by Buck Joffrey

Joe Kelly, Co-founder and CEO of Unchained, dives into the fascinating world of Bitcoin as it surpasses $100,000. He explains Bitcoin's decentralized nature and fixed supply cap, likening it to gold but with a predictable scarcity. As large investors and nations begin embracing Bitcoin, Kelly discusses its potential for future growth and the evolving attitudes of younger investors. He also explores strategies for securely managing Bitcoin assets, highlighting the importance of multi-signature wallets and hardware wallets in safeguarding one's digital wealth.

The idea of packing up and moving to another country might sound radical at first. But for many Americans, it’s becoming a logical next step. Whether it’s to stretch the power of the strong U.S. dollar, embrace a different lifestyle, or take advantage of financial perks like tax savings, the appeal of living abroad is growing. Let’s start with the financial benefits. In countries like Mexico, Costa Rica, or Thailand, your money simply goes further. Retirees are finding they can afford things like beachfront living, high-quality healthcare, and even household help—all on a modest budget.  And with the U.S. dollar holding its strength, this isn’t just about living cheaply; it’s about living well. Panama, for example, doesn’t tax foreign income and offers retirees major discounts on everything from medical care to transportation. Portugal sweetens the deal with its Non-Habitual Residency program, which reduces or eliminates taxes on certain income for up to a decade. But it’s not just about saving money—it’s also about living differently. Many Americans moving abroad talk about how the experience has opened their eyes to new cultures, new rhythms of life, and, most importantly, new possibilities. In Portugal, life feels slower and more intentional, with days that revolve around community, great food, and the natural beauty of the coastline. Thailand offers a mix of vibrant city life and serene island escapes, all at an affordable price. Financial freedom and a cultural reset are big draws, but there’s more to the story. Some countries actively court expatriates with residency programs, tax incentives, and healthcare systems that are as good as, if not better than, what many Americans are used to. Add in the benefits of the Foreign Earned Income Exclusion, which allows Americans working abroad to exclude up to $120,000 in income from U.S. taxes, and the move becomes even more compelling. If you’re looking for something even more unique, New Zealand might be a place to consider as well. Known for its stunning landscapes, safety, and high quality of life, it offers an appealing combination of natural beauty and modern convenience.  New Zealand consistently ranks as one of the happiest and safest countries in the world, with a healthcare system that rivals the best globally. Whether you’re considering retirement or just a major lifestyle shift, New Zealand is a place where you can truly start fresh. This week on The Wealth Formula Podcast, we’re exploring New Zealand as a destination for Americans looking to make the leap abroad. I’ll be talking to an expert on what it takes to move there—from navigating visas to understanding the financial and cultural transition. If you’ve ever thought about trading the familiar for the extraordinary, this conversation might just convince you to take the next step. 00:00 Introduction09:19 Reasons for Migration to New Zealand10:26 Living Conditions and Lifestyle in New Zealand13:42 Real Estate and Cost of Living14:28 Cultural Diversity in New Zealand16:38 Healthcare and Professional Opportunities18:10 Taxation System in New Zealand19:42 Business Ownership and Taxation21:42 Investment Opportunities and Capital Gains24:14 Comparative Analysis with Other Countries28:55 Cultural Comparison: New Zealand vs Australia25:56 Property Ownership Regulations for Foreigners26:48 Visa Options and Immigration Pathways30:28 Conclusion and Contact Information

Buck and Zulfe discuss the unpredictable behavior of gold and Bitcoin, the importance of asset allocation, the psychological factors influencing investor behavior, the current market trends, and the Federal Reserve’s expectations regarding interest rates. They also explore various investment options, including high-yield bonds and municipal bonds, while addressing the implications of inflation and economic policies.

Hey Wealth Formula Nation, I’ve got something really exciting for you today—a chance to win a full-body MRI worth $2,500! This giveaway comes from my new podcast, Longevity Junky (that’s junky with a Y). It’s a fun, insightful show I co-host with actress Nikki Leigh, where we dive into cutting-edge advancements in health and longevity. This week’s episode is all about full-body MRIs from Prenuvo, a groundbreaking technology that can identify over 500 conditions—including deadly cancers and brain aneurysms—before they pose a serious threat to your health. Here’s how you can enter to win this $2,500 Prenuvo MRI scan for free: Go to Apple Podcasts and find the Longevity Junky podcast (that’s “Junky” with a Y). Leave a five-star review for the podcast. Subscribe to the podcast. Take a screenshot of your review. Visit LongevityJunky.com (again, “Junky” with a Y). Send the screenshot of your review along with a brief explanation of why you’d like a full-body MRI. Winners will be announced in 2 weeks—stay tuned and good luck to everyone!

Garrett Watson, a Senior Policy Analyst at the Tax Foundation, shares deep insights on the implications of tax changes under the Trump administration. He explores potential expirations of tax cuts from 2017 and their impacts on various taxpayers. The discussion covers key topics like bonus depreciation, SALT deductions, and the tax landscape for real estate investors. Watson emphasizes the importance of strategic financial planning in navigating these upcoming tax reforms and highlights opportunities for investment in areas like self-storage.

This Black Friday and Cyber Monday, I want to share something truly meaningful—the opportunity to invest in your health or the health of someone you love. The Longevity Roadmap Course has already transformed lives, uncovering critical health issues and empowering participants to reverse conditions like borderline diabetes and optimize their health. It’s no exaggeration to say this course has already saved years of good-quality life. This year, why not give the ultimate gift—the gift of health and time? Imagine helping a loved one discover a brighter, healthier future with a life-changing resource tailored to empower them for decades to come. Black Friday & Cyber Monday Special: For a limited time, I’m offering 20% off the Longevity Roadmap Course, which includes three months of biweekly one-on-one coaching with me. This offer is good through Cyber Monday, so don’t wait—act now! The tools, science, and coaching included in this course can: Help prevent or reverse common conditions like heart disease and diabetes. Unlock strategies to add years of vibrant, good-quality life. Give peace of mind knowing you or your loved one is on the best path forward. This isn’t just an investment in health—it’s an investment in time with the people who matter most. Make this holiday season truly unforgettable by giving a gift that will last a lifetime—or longer. Sign Up Now and Use the Coupon Code Blackfriday2024 at Checkout to Get 20% Off – Offer Ends Cyber Monday! Here’s to a longer, healthier, and happier future—for you and your loved ones. – Buck P.S. Want to learn more? Book a call with me on longevityroadmap.com and let’s talk!

Buck Joffrey and Zulfi Ali tackle critical issues shaping the U.S. economic landscape, from the mounting government debt and entitlement challenges to the looming risks of a debt crisis. They examine the current state of U.S. debt, its global context, and the future of treasury auctions, emphasizing the unsustainable debt-to-GDP trajectory and the political hurdles in reforming entitlements. The conversation also delves into the economic ripple effects of the Trump administration’s policies on inflation, growth, and the stock market, alongside the shifting dynamics of treasury yields. Buck and Zulfi explore the evolving cryptocurrency market, focusing on Solana and Bitcoin, and analyze the real estate market’s resilience in the face of fluctuating interest rates. Wrapping up, they discuss long-term investment strategies for navigating an inflationary environment, offering a comprehensive view of the challenges and opportunities ahead. 00:00 Introduction and Personal Updates 05:58 The Challenge of Entitlements 12:04 US Debt Position Compared to Other Countries 18:04 Potential Economic Implications of Debt 25:04 Market Reactions to Trump’s Administration 31:03 Cryptocurrency Insights and Market Psychology 36:38 Real Estate Market Outlook

I have to admit, I can’t wait to see what Elon Musk and Vivek Ramaswamy do with their proposed Department of Government Efficiency (DOGE).  Beyond potentially creating a big pump for Elon’s beloved crypto favorite, Doge Coin, the idea has generated significant discussion about its potential impact on the federal government. As co-leaders of this initiative under President-elect Trump’s administration, Musk and Ramaswamy have outlined ambitious goals for reducing government spending and streamlining operations. The DOGE aims to cut $500 billion in annual federal expenditures, targeting what they claim are unauthorized or inefficient programs. This represents a significant portion of discretionary spending and could have far-reaching implications for various agencies and programs. One of the most controversial aspects of their plan is the proposed reduction of the federal workforce. DOGE intends to implement “mass head-count reductions across the federal bureaucracy”. Their strategies include: Offering early retirement incentives and voluntary severance packages Requiring federal employees to work in-office five days a week, potentially leading to voluntary resignations Identifying the minimum number of employees required for agencies to perform essential functions Musk and Ramaswamy also plan to focus on regulatory reform, aiming to eliminate what they consider unnecessary or overreaching regulations. They’ve suggested consolidating federal agencies and implementing advanced technologies to automate routine tasks. However, the initiative faces significant challenge. Many proposed changes would require congressional approval. And while Republicans will control both chambers of congress, federal employee unions and lawmakers may oppose drastic cuts to government programs and workforce. And while Musk has been perhaps one of the most efficient entrepreneurs in the history of mankind, the size and complexity of the federal government will make rapid, large-scale changes difficult to implement. Either way, I’m excited to see whether Musk and Ramaswamy can translate their private sector experience into meaningful government reform. My guest on Wealth Formula Podcast is an economist and Washington insider who has worked for multiple well known politicians. He has a unique take on Musk’s vision as well as the rest of the agenda of the incoming Trump administration. This is a fascinating conversation which you will not want to miss!

It’s easy to see when a market is frothy—when prices seem unstoppable and everyone is piling in. But recognizing the bottom of a market? That’s harder. But it’s important to recognize because it’s at the bottom, not the top, where the greatest opportunities for profit lie. Right now, we’re at one of those moments, and the need to act is critical if you want to successfully invest in real estate over the next few years. As we enter 2025, the real estate market is at the cusp of a major shift. Other asset classes like stocks and bitcoin are already at all-time highs, but real estate remains attractively priced with enormous upside. This is the rare point in the cycle where investors who act decisively position themselves for exceptional returns. The biggest players are already taking notice. BlackRock, the world’s largest asset manager, has declared that apartment buildings have reached the bottom of the cycle—an ideal entry point for savvy investors.  What contributes to this ideal entry point? Valuations have bottomed out, creating opportunities for outsized returns. Strong demographic trends are bolstering long-term demand. Limited housing options add scarcity value to multifamily properties. Economic fundamentals remain resilient. But what amplifies this moment the most is declining interest rates. The Federal Reserve has already signaled cuts through 2025, and this creates a powerful tailwind for real estate investors. Historically, investing in real estate during a descending rate environment has proven to be exceptionally lucrative. As rates decline cap rates contract. This environment typically leads to increased demand for properties, driving up values and creating substantial wealth for early investors. Past cycles have shown that those who enter the market as rates begin to fall often experience the greatest appreciation in their investments over time. The election of a pro-real estate president will also provide a significant boost to the real estate market. Policies favorable to real estate investment and development will lead to tax incentives, streamlined regulations, and increased government support for housing initiatives. Such policies will drive up property values and create new investment opportunities across various real estate sectors. This is the start of a cycle that only comes around once every decade. Timing is everything, and the window to act is narrow. Those who move now stand to benefit from what could be one of the most lucrative real estate cycles in recent memory. Those who hesitate risk being left behind as the broader market catches up and prices rise. Recognize where we are. This is the moment to take action and position yourself for what’s ahead. Now that I got that off my chest, listen to this week’s Wealth Formula Podcast for a lighter theme—how to optimize your credit card miles and travel for free on business class.

Join Sean King, a captive insurance expert and CPA, alongside Ryan Haley, a financial planner, as they dive into the world of captive insurance. They explore how business owners can control their insurance dollars, save on taxes, and build wealth. Learn how creating your own insurance company can mitigate risks while accumulating assets. They also discuss the importance of compliance to avoid IRS scrutiny and share strategies to navigate alleged risks in leveraging captive insurance for tax benefits.