Wealth Formula by Buck Joffrey

Buck discusses the concept of stoicism and its application in modern life. Stoicism is a timeless philosophy that teaches us to master our emotions, focus on what matters, and thrive in the chaos of modern life. The key idea in stoicism is that we have power over our minds, not outside events. We can control […] The post Introduction to Stoicism appeared first on Wealth Formula.

In the fast-paced world of technology, missing out can be costly. History shows that those who fail to adapt often face devastating consequences, while those who stay ahead can seize game-changing opportunities. This is a lesson every investor should take to heart. Take Kodak and Blockbuster, for example—both giants in their industries, but both brought […] The post 458: What You Need to Know about Artificial Intelligence appeared first on Wealth Formula.

Buck shares his experience with a retinal tear and detachment and how it reinforced the importance of gratitude and perspective. He discusses the psychological benefits of gratitude, including improved mental health, enhanced resilience, and stronger relationships. Buck suggests practices such as gratitude journaling, mindful appreciation, expressing thanks, and reframing challenges to cultivate gratitude. He emphasizes […] The post Gratitudes from a Retinal Tear appeared first on Wealth Formula.

Buck and Zulfe Ali discuss various topics including the shift from a W-2 mindset to an entrepreneurial mindset, the current state of the economy, and the performance of different asset classes. They also touch on the upcoming Fed rate cuts, the revision of jobs data, and the rise of gold and Bitcoin. The post 457: News of the Week 08/28/24 appeared first on Wealth Formula.

Most people think that having a job is the safest way to secure their financial future. They wake up every day, punch the clock, and assume that as long as they keep doing their job, they’re safe. But let me tell you something to wake you up a bit: A job isn’t as safe as […] The post 456: The Illusion of Job Security and the Power of Financial Diversification appeared first on Wealth Formula.

Buck discusses the science of habit formation, specifically focusing on exercise. He explains the habit loop, which consists of a cue, routine, and payoff, and how habits are engineered through repetition and reward. Buck emphasizes the role of dopamine in motivating and craving habits and highlights the importance of consistency and creating a consistent environment. […] The post The Science of Habit Formation appeared first on Wealth Formula.

Rod Zabriskie joins the show to discuss the Wealth Accelerator program, which aims to help individuals amplify their returns and accelerate their wealth accumulation. The program involves leveraging life insurance policies to build cash value and generate tax-free income in retirement. The program has been stress-tested against different market conditions and has shown promising results. The post 455: The Wealth Accelerator appeared first on Wealth Formula.

The COVID-19 pandemic did more than just highlight the vulnerabilities in the global supply chain—it exposed systemic issues that had been brewing for years.  As the world grappled with unprecedented shortages in everything from medical supplies to consum er goods, it became clear that these vulnerabilities were not merely accidental; they were the byproduct of […] The post 454: Covid Supply Chain Issues Should Not Have Been a Surprise appeared first on Wealth Formula.

In this episode, Buck discusses the transient nature of problems and how to gain a fresh perspective on them. He emphasizes that problems are temporary and that understanding this can bring peace and empowerment. Buck suggests reframing problems as temporary challenges and focusing on solutions rather than dwelling on negative emotions. He also offers practical […] The post Finding Joy in Adversity appeared first on Wealth Formula.

In this Episode, Buck and Zulfi discuss various topics related to the financial market and investment strategies. They touch on the yen carry trade, the impact of the unemployment report on the market, and the potential for a recession. They also discuss the Consumer Price Index (CPI) and its impact on inflation, as well as […] The post 453: News of the Week 08/14/24 appeared first on Wealth Formula.