Wealth Formula Podcast

Changing your personal financial belief system is like changing religions. Think about it. Maybe you grew up Christian or Jewish. Whether you practice or not, you have some pretty established beliefs. That’s why it’s not that common for people to convert from one religion to another. Maybe that’s an extreme example but there is a parallel when it comes to changing your personal investment strategy. We grow up being told that the “responsible” thing to do is to find a nice financial advisor and invest in a broad portfolio of stocks, bonds and mutual funds. You see the commercials all the time, right? Well, this heretic can’t stand those commercials! It drives me crazy because it reinforces the notion that there is a conventional financial pathway that is right and that it involves Wall Street. I broke away from that “religion” long ago and have followed the heretical path of real asset investing in “alternative” assets like real estate and precious metals. You gotta love the label “alternative”, right? It make