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Podcast: Wealth Formula Podcast
Episode: 169: Wealth 2.0: Leverage Your Deductions!
Description: At a recent investor conference in Tenafly, NJ, I spoke on the topic of what I call Wealth 2.0. This is my preferred paradigm for investing that can be simplified into the the following equation: Wealth=Leverage(Mass X Velocity) Mass is simply the amount of money that is actually deployed into investments. After all, it doesn't matter what kind of return you get if you aren't investing any money in the first place. You've got to deploy enough to move the needle. The good news is that mass, like all variables in this equation, can be manipulated by the savvy...