Wealth Formula Podcast Podcast Por Buck Joffrey arte de portada

Wealth Formula Podcast

Wealth Formula Podcast

De: Buck Joffrey
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Financial Education and Entrepreneurship for Professionals Economía Finanzas Personales
Episodios
  • 561: Where Are Mortgage Rates Headed?

    561: Where Are Mortgage Rates Headed?
    May 31 2026
    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 commentators have repeatedly gotten it wrong. This week, I wanted to continue that discussion with mortgage industry veteran Rob Chrisman because I think there's a bigger lesson here for investors. Right now, the stock market is near all-time highs again, and naturally, people want in. Investors are drawn toward momentum. They feel safer buying things that have already gone up. At the exact same time, many areas of real estate—particularly multifamily—have already experienced massive repricing, with some assets trading 30–40% below peak valuations from just a few years ago. And yet most investors are far more comfortable chasing expensive assets than buying discounted ones. That's the irony of investing. As Warren Buffett famously said, "Be fearful when others are greedy and greedy when others are fearful." Easy to say. Very hard to do. Part of the reason this environment feels so confusing is because we are dealing with conflicting macroeconomic forces at the same time. On one side, you have persistent inflation concerns, massive government deficits, Treasury issuance, geopolitical tensions, and uncertainty around Fed policy. All of those things can keep long-term interest rates elevated. On the other side, there are growing signs of slowing geopolitical tensions easing over time. I suspect that once the Iran conflict is resolved, we may start to see rates come down as energy prices help quell inflationary pressures, alongside broader economic activity, weakening consumer confidence, and eventually perhaps even disinflationary pressure from technology and AI-driven productivity gains. That's why both Barry Habib and Rob Chrisman make an important point that many investors still misunderstand: mortgage rates are not simply controlled by the Federal Reserve. Markets are constantly trying to price all of these competing forces in real time. Rob does a great job explaining how mortgage-backed securities, Treasury markets, inflation expectations, labor data, and global capital flows all interact to determine where rates go next. He also explains why the ultra-low rates of 2020 and 2021 were likely an anomaly created by extraordinary Federal Reserve intervention—not necessarily something we should anchor to as "normal." The bigger question for investors is this: Are today's elevated rates temporary noise within a longer-term descending rate cycle? Or are we entering a structurally different environment altogether? Because if rates ultimately move lower over the next several years, the assets currently under the most pressure today may eventually become the assets people wish they had bought when they were on sale.
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    30 m
  • 560: A Cash Management System That Will Make You Millions

    560: A Cash Management System That Will Make You Millions
    May 24 2026
    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 people need to understand the concept. It may or may not ultimately be right for you, but I think it's worth taking the time to understand it so you at least know it exists and can decide for yourself. For years, I ignored it completely because the phrase "be your own bank" honestly didn't trigger any interest in me. It sounded gimmicky. But eventually I sat down and actually learned how it worked, and once I understood the mechanics behind it, I realized this is one of those foundational financial concepts that every serious investor should at least understand. Because if this does fit into your financial life, the earlier you implement it, the more powerful it becomes. And that's really the key here: time, compounding, and velocity of money. Those things matter enormously. One of the most common things I hear from people who finally understand and implement this concept is, "I wish I had known about this 20 years earlier." In fact, Chris tells a story during the webinar about an older investor who basically said that if he had simply optimized how his cash flowed over the course of his investing lifetime—while doing everything else the same—he likely would have made millions more dollars. And that's really what this entire discussion is about. Most people think almost exclusively about what they invest in. Very few people think about where they invest from, and that distinction turns out to matter a lot. Because once you understand how banks, institutions, and wealthy families actually use capital, you begin to realize there may be ways to amplify the efficiency of the investments you are already making. That's what fascinated me about this concept years ago. In this webinar, we go deep into how the velocity of money works, why policy design matters enormously, how banks and wealthy families think differently about capital, and how this strategy can allow your money to continue compounding while simultaneously being deployed into investments. Whether you ultimately decide this is right for you or not, I think understanding the framework itself is valuable. Because if this is something that belongs in your financial life, waiting 10 or 20 years to learn about it can become a very expensive mistake. And by the way, if you'd prefer to watch the webinar with the slides and visuals instead of just listening to the audio here on the podcast, you can do that as well. The webinar replay link is right HERE. You can reach out to Chris at chris@wealthformulabanking.com.
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    1 h y 3 m
  • 559: Barry Habib: Where the Economy Is Headed—and What Investors Need to Know

    559: Barry Habib: Where the Economy Is Headed—and What Investors Need to Know
    May 17 2026
    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 club has been buying, but most investors are sitting on the sidelines. Why? Because investments are the only things people don't naturally gravitate toward when they're on sale. When TVs go on sale, people line up. When stocks or real estate go on sale, people get nervous. I've quoted him a million times, but I'll do it again. Warren Buffett said it best: "Be fearful when others are greedy, and greedy when others are fearful." Simple in theory. Very hard in practice. Now, to be clear—this doesn't mean there's no risk. Rates may stay a bit elevated in the near term. Geopolitical issues, including the situation with Iran, can keep pressure on yields. But when you zoom out, there is a growing body of data suggesting that over the next 2–3 years, we are likely moving into a declining rate environment. And that's what matters. Because you don't invest today for tomorrow. You invest today for where the market is going. When rates come down: financing improves capital comes back into the market and asset values tend to reprice—often quickly So the real question is: Are you positioning now… or waiting until it feels safe again? The problem with waiting is that the sales always disappear. What I am saying to you now is not new. I've been repeating this narrative over and over again over the last year or two. But I felt like I had to repeat it because this week's guest on Wealth Formula Podcast is saying the same thing. He's a guy who is nationally recognized for consistently being ahead of the curve on rates, housing, and the broader economy, while many others have been wrong. Barry Habib. He's the founder of MBS Highway, a multiple-time Crystal Ball Award winner, and the author of Money in the Streets—a book all about understanding cycles and building wealth by acting before the crowd. In this conversation, we break down: where interest rates may be headed why inflation data may be misleading and what this all means for real estate investors—especially in multifamily. If you want to understand where this cycle is going—and where the opportunity may be—this is a conversation you don't want to miss.
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    47 m
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