Wealth Formula by Buck Joffrey

Wealth Formula Nation, First and foremost, let me start by wishing you a Happy New Year! It’s 2025, and as we shake off the confetti and champagne from the celebrations, we step into a year full of possibilities—and, let’s be honest, plenty of question marks. Every new year brings its own share of challenges and opportunities, but this one feels particularly charged. We’re looking at a world where the economic landscape is being rewritten in real time. There’s a new administration in Washington, which always stirs up the pot, but this time, it’s not just a change in leadership—it’s a potential sea change in policy. So, what’s ahead? Will we see sweeping tax cuts as promised? And if so, how will those affect deficits, inflation, and interest rates? Can the economy sustain the heat, or are we looking at overheating and runaway inflation? Then there’s the topic of spending cuts—are they realistic, or will they end up being all talk and no action? And tariffs—will they be wielded as an economic weapon, and if so, how much will they impact everyday consumers? These aren’t just academic questions—they have real-world implications for your investments, your business, and your financial future. For example, real estate investors are watching interest rates like hawks. The Fed said they were going to lower them throughout 2025 but then backed off on those statements in the last meeting, taking more of a wait-and-see position. Meanwhile, deregulation could create new opportunities for businesses, but will it go far enough to make a real difference? It’s a lot to unpack, and that’s what this week’s guest on Wealth Formula Podcast will help us do. Joining me is Howard Yaruss, an economist, professor, and author of Understandable Economics, a book that breaks down economic concepts in a way that’s accessible to all of us. Howard has the ability to take complex ideas and make them relatable, and he’s here to share his insights on what we might expect in 2025.

Like everyone else, as the new year approaches, I become a bit reflective. I’m not really the kind of guy to have heroes nor do I fawn over celebrities. In fact, there is only one person in the world who I credit with fundamentally changing the course of my adult life: Robert Kiyosaki. I’ve had the privilege of meeting Robert multiple times over the years and have been fortunate enough to have some meaningful private conversations with him. But the real impact he made on me was through his book called “Cashflow Quadrant.” Had I not read that book, I doubt I would have ever started this podcast. Honestly, I’d probably be an academic surgeon somewhere with little interest in the economy or investing. What’s truly remarkable is the incredible impact his books have had on so many people. Kiyosaki’s teachings, especially “Rich Dad Poor Dad,” have been a game-changer for countless individuals worldwide, sparking a revolution in financial thinking. His emphasis on building businesses and creating assets has been a wake-up call for many. I’ve heard numerous stories of people leaving traditional careers to venture into entrepreneurship, building successful real estate portfolios, and overcoming long-held limiting beliefs about money and success. It’s astounding how his teachings have ignited a wave of financial literacy and entrepreneurial spirit. Now, as a middle-aged guy, I find something else about Kiyosaki perhaps equally inspirational: The fact that he published “Rich Dad Poor Dad” at age 50. It’s a powerful reminder that it’s never too late to learn, grow, and achieve financial success. Remember this the next time you think you might have missed your chance. If you haven’t already, I urge you to pick up a copy of “Cashflow Quadrant” and experience it for yourself. It might just change your life as it did mine. In the meantime, this week’s Wealth Formula Podcast features my latest conversation with Robert Kiyosaki.

Artificial intelligence isn’t just a passing trend—it’s a revolutionary force reshaping industries, driving innovation, and changing the way we live.  But as investors, we face a critical challenge: how do we capitalize on this seismic shift without falling into the trap of picking winners and losers in an unpredictable landscape? History has shown us how tough it is to get it right with emerging technologies. The dot-com era gave us Amazon and Google—grandslam investments that transformed early believers into billionaires. But for every Amazon, there was a Pets.com, a tale of overhyped potential that never materialized. With AI, the stakes are even higher. We know the technology is real, and we know it will grow exponentially. But betting on individual AI companies can be like playing the lottery.  What we do know with certainty, however, is that AI is an energy beast. The computing power required to train and run large AI models is staggering—and it’s only going to increase. That’s why I believe one of the smartest ways to invest in AI might not be through AI stocks at all. Instead, it could be by focusing on the foundation AI cannot exist without: low-cost energy. While solar, wind, and traditional energy sources will play a role, one energy source stands out as particularly intriguing: uranium. Nuclear energy powered by uranium is not only incredibly efficient but also one of the most consistent and scalable sources of clean energy. As demand for reliable energy surges to support the AI revolution, uranium could become an unsung hero in this story. To explore this idea in more depth, I recently sat down with a uranium expert. We discussed the global energy landscape, why nuclear power is gaining traction as the world looks for low-carbon solutions, and how uranium might play a critical role in fueling the next wave of technological innovation. [00:00] Introduction.[01:19] The challenges of investing in AI’s growth.[02:06] Energy’s critical role in AI development.[04:04] Uranium as a scalable and clean energy source.[05:12] Guest introduction: Ben Feingold from Ocean Wall.[06:46] Uranium market trends and driving factors.[11:05] Public safety concerns and nuclear advancements.[13:06] Overview of small modular nuclear reactors.[16:14] Kazakhstan’s dominance in uranium production.[20:48] Kazakhstan’s underutilized uranium resources.[21:47] Projections for uranium market growth.[24:10] Policy perspectives on nuclear energy.[26:09] Investment considerations for uranium.[27:50] About Ocean Wall’s investment services.[30:02] Closing thoughts on uranium’s potential and energy needs.

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