448: Income is Different from Wealth
Wealth Formula by Buck Joffrey - Un pódcast de Buck Joffrey
When I talk about the mathematical Wealth Formula, I describe it as Wealth = Leverage (Mass X Velocity). For you physics geeks out there, you can see that I’m ripping off Newton a little bit. In this equation, velocity is your rate of return and leverage is debt such as a mortgage that amplifies positive […]
