Episode Details

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@wealthformula.com.