Money For the Rest of Us

How permanent life insurance can be an effective tool for retirement planning.Topics covered include:What is the difference between term and whole life insuranceHow many people let their life insurance policies lapse each yearWhat are strengths that insurance companies have that are beneficial to individual investorsWhat are the benefits of whole life insurance policiesHow the infinite banking concept works and who should it be usedHow asset allocation should differ when investors have a whole life insurance policyWhat are concerns with whole life insuranceHow an integrative approach of using whole life, immediate annuities, and investments can lead to higher retirement spending levelsThanks to today's sponsors: Simplify ETFs and the all-new electric MINI Cooper SEFor more information on this episode click here.Show NotesArthur L. Williams Jr.—Wikipedia, Aug 10, 2021ACLI 2020 Life Insurers Fact Book—The American Council of Life InsurersPros And Cons Of Life Insurance For Children by Cameron Huddleston and Amy Danise—ForbesThe Four Approaches to Managing Retirement Income Risk by Wade D. PfauSafety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement (The Retirement Researcher Guide Series) by Wade D. PfauIntegrating Whole Life Insurance into a Retirement Income Plan: Emphasis on Cash Value as a Volatility Buffer Asset by Wade D. Pfau and Michael FinkeRelated Episodes279: Why All Retirees Should Consider an Income Annuity326: The New Math of Retirement Spending and Investing349: Forward and Reverse Mortgages: When To Take Them Out and When to Pay Them OffSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How owning fewer, more permanent things can lead to greater freedom and continued economic growth.Topics covered include:How a railroad company issued a bond that matured in 999 yearsWhy land and gold are the most permanent investmentsWhat is the oldest currency in useWhy fiat and cryptocurrencies are potentially worthlessWhy permanence is freedom and constantly craving more things limits freedomWhy do quality goods cost moreHow the volume of trash generation and the number of storage units are increasingWhy reducing the number of things we own is so difficult and how to go about doing itHow the economy could change as people own things longerThanks to Felix Gray Glasses and LinkedIn for sponsoring the episode.For more information on this episode click here.Show NotesBusiness & Finance: Freak FinanceBack to the future with long-term bonds by Franky Leeuwerck—Franky's Scripophily BlogSpotELMIRA AND WILLIAMSPORT RAIL ROAD COMPANY 500$ BOND, 1863—WorthPointThe Power of Gold: The History of an Obsession by Peter L. BernsteinHow much gold has been found in the world?—USGSThe oldest living thing on Earth by Marnie Chesterton—BBCWhat is the world's oldest currency?—CMC MarketsBitcoin, Currencies, and Fragility by Nassim Nicholas TalebSmall Is Beautiful: Economics as if People Mattered Bby E. F. SchumacherEvan KinoriGlasswingWant to Make It Big in Fashion? Think Small, Like Evan Kinori by Guy Trebay—The New York TimesArtists of Theory: Evan Kinori Interview by Isaac McKay-Randozzi—Theories of AtlantisNational Overview: Facts and Figures on Materials, Wastes and Recycling—United States Environmental Protection AgencyBasic Information about Landfill Gas—United States Environmental Protection AgencyThe Great Markdown Disaster w/ Evan Kinori—Corporate LunchMinimum by John PawsonEvan Kinori, Clothing Designer by Sean Hotchkiss—Faculty DepartmentStorage Wars—Seeking AlphaFrance Gave Teenagers $350 for Culture. They’re Buying Comic Books. by Aurelien Breeden—The New York TimesRelated Episodes278: You Have Permission to Spend262: Better Not Bigger, Circular Not Linear – How the Global Economy Is ChangingSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How the carbon emissions allowances and carbon offset markets are structured and how to invest in them.Topics covered include:How much greater are the levels of carbon dioxide in the atmosphere and how much have average temperatures increasedWhy industries and companies are seeking to cut their greenhouse gas emissionsHow cap and trade emissions trading systems workWhat are the demand and supply dynamics of tradable emission allowancesWhat has been the performance of tradeable emission allowancesHow ETFs invest in tradable emission allowancesHow the voluntary carbon offset market is structured and what are the demand and supply dynamicsWhy do companies make voluntary pledges to reduce their carbon footprintsWhat are the types of carbon offset projectsWhy it is more difficult to invest in carbon offset markets and how that is changingThe Money For the Rest of Us podcast is ad-supported, but you can support the show and listen to episodes ad-free by becoming a subscriber. Learn about subscribing here.Thanks to Policygenius and Mint Mobile for sponsoring the episode.For more information on this episode click here.Show NotesVital Signs: Carbon Dioxide—NasaGlobal Energy Perspective 2021—McKinsey & CompanyClimate Change: Global Temperature by Rebecca Lindsey and LuAnn Dahlman—NOAA2030 Climate Target Plan—European CommissionFAQs Carbon Markets & Indices—Intercontinental Exchange, Inc.Carbon trading: the ‘one-way’ bet for hedge funds by David Sheppard—Financial TimesKRBN KraneShares Global Carbon ETF—Krane SharesThe Regional Greenhouse Gas Initiative, Inc.Corporate Carbon Reduction Pledges: An Effective Tool to Mitigate Climate Change? by Stephen Comello, Julia Reichelstein, and Stefan ReichelsteinCarbon offset prices set to increase tenfold by 2030 by Michael Holder—GreenBizCarbon offsetting is essential to tackling climate change—The EconomistCheap cheats—The EconomistFuture Demand, Supply and Prices for Voluntary Carbon Credits – Keeping the Balance—Trove ResearchCarbon offsets gird for lift-off as big money gets close to nature by Susanna Twidale and Shadia Nasralla—ReutersCBL Global Emissions Offset Futures – Constract Specs—CME GroupCBL Nature-Based Global Emissions Offset (N-GEO) and CBL Global Emissions Offset (GEO) Futures ‒ Frequently Asked Questions—CME GroupCME Announces Global Emissions Offset Futures by Filipe Wallin Albuquerque—Nordic Sustainable Investment PlatformRelated Episodes251: Impact Investing and Intentionality262: Better Not Bigger, Circular Not Linear – How the Global Economy Is Changing340: Climate Change, ESG, and What Should Investors Do?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The risks and opportunities of investing in startups on equity crowdfunding platforms.Topics covered include:Why do individual investors now have more access to startup investmentsWhat has been the historical performance of venture capital fundsHow most startups fail, leaving only a few startups to offset portfolio lossesWhat factors to consider when deciding on which startups to investWhy do startups have so many different share classesWhat platforms are available for individuals to invest in startupsWhy indexing by investing in every credible startup deal can lead to better performance than hand-selecting a few startupsBecome a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month. Subscribe here.Thanks to Streak and Masterworks for sponsoring the episode.For more information on this episode click here.Show NotesSquaring Venture Capital Valuations with Reality by Will Gornall and Ilya A. StrebulaevHow Do Venture Capitalists Make Decisions? by Paul A. Gompers, Will Gornall, Steven N. Kaplan, and Ilya A. StrebulaevWhat Are SPACs and Should You Invest in Them?—Money For the Rest of UsFirst Quarter 2021 Private Capital Quarterly Review—Fund Evaluation GroupFourth Quarter 2020 Private Capital Quarterly Review—Fund Evaluation GroupThe Pervasive, Head-Scratching, Risk-Exploding Problem With Venture Capital by Kamal Hassan, Monisha Varadan, and Claudia ZeisbergerVenture Outcomes are Even More Skewed Than You Think by Seth Levine—VC AdventureVenture Returns With Abe Othman of AngelList by Collin West—Kauffman FellowsPaul KedroskyRelated Episodes253: Are IPOs the New Ponzi Scheme?321: How to Analyze Complex InvestmentsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How to decide when to take out a home mortgage and whether to pay it off early. How reverse mortgages can be a helpful retirement tool.Topics covered include:Why it is more difficult to get a mortgage todayHow federal government mortgage guarantees lead to lower mortgage ratesHow to analyze whether to pay off your mortgage earlyThe differences between personal risk, market risk, and aspirational riskHow reverse mortgages work and how they can be useful as a retirement income toolWhat are the costs of reverse mortgagesBecome a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month. Subscribe here.Thanks to IPVanish and Raycon for sponsoring the episode.For more information on this episode click here.Show NotesQuarterly Report on Household Debt and Credit 2021 Q1—Federal Reserve Bank of New YorkSelling Guide: Lender Letter LL-2021-03, Impact of COVID-19 on Originations (03/11/2021)—Fannie Mae0Overreliance on Fannie and Freddie Violates Their Federal Charters by Norbert J. Michel, Ph.D.—The Heritage FoundationMortgage Debt and Asset Allocation, Video by Ben FelixPlus Episode 329: Robinhood, Mortgages and ETF Transparency—Money For The Rest of UsBeyond Markowitz: A Comprehensive Wealth Allocation Framework for Individual Investors by Ashvin B. ChhabraHow the HECM Program Works—U.S. Department of Housing and Urban DevelopmentIncorporating Home Equity into a Retirement Income Strategy by Wade D. PfauRelated Episodes44: Should You Pay Off Your Mortgage?238: The U.S. Is More Socialist Than Denmark Regarding Home Mortgages317: How To Buy In A Hot Housing MarketSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We answer over a dozen questions from listeners on investing, housing, retirement, business, podcast production, and more.Topics discussed include:The Endowment ModelTeaching children about investing4 influential investing booksThe difference between being an entrepreneur and investingThe balance between too much and too little efficiency and productivityWhat we learned about investing from the Covid crashHow asset allocation changes as one gets olderThe state and future of cryptocurrencyIs now the time to buy individual stocks given high valuations for indicesDonor-advised fundsFDIC insuranceMoney For the Rest of Us production time and expensesIs it possible to have too much invested in one ETFIs a house and investment and will there be a housing crashHow to worry less about moneyBecome a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here.Thanks to Policygenius and Clear for sponsoring the episode. Use code David to get two months free with Clear.For more information on this episode click here.Related Episodes211: How To Navigate A Housing Bubble306: Three Approaches to Asset Allocation317: How To Buy In A Hot Housing MarketSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What are the risks and opportunities of investing in frontier equity markets?Topics covered include:What are the criteria used to determine whether a country's stock market is considered a frontier, emerging, or developed marketWhy some countries aren't included in any MSCI stock indexHow large are frontier markets in terms of population, economic output, and equity marketsHow frontier market's favorable demographic profile make them attractive, but might not lead to higher investment returnsWhat are the risks of investing in frontier marketsHow expensive or cheap are frontier marketsWhat have been frontier market's historical returns, volatility, and maximum drawdownsWhat are ways to invest in frontier marketsBecome a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here.Thanks to Mint Mobile and LinkedIn for sponsoring the episode.For more information on this episode click here.Show NotesMSCI Market ClassificationMSCI 2020 Market Classification ReviewKuwait’s Move from Frontier to Emerging Market—MSCIFrontier markets Longer Term Investments (LTI) by Corinne de Boursetty—UBS (PDF download)Frontier Markets: A Comparative Analysis by Cliff Quisenberry—Investment & Wealth InstituteUrbanisation and Economic Growth: The Arguments and Evidence for Africa and Asia by Ivan Turok and Gordon McGranahanWhy globalists and frontier-market investors love Vietnam—The EconomistThe Effects of Board Structure on Corporate Performance: Evidence from East African Frontier Markets by Yilmaz Guney, Ahmet Karpuz, and Gabriel KombaRelated Episodes233: Is An Emerging Markets Crisis Imminent?328: Are You Underweight Chinese Stocks? Pros and Cons of Investing in China341: How to Overcome Investing FearsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What are the pros and cons of owning an electric vehicle (EV) compared with an internal combustion engine (ICE) vehicle. Are electric vehicles worth it?Topics covered include:What is the total energy consumption for EVs versus ICE vehicles including energy expended to produce the vehicles and energy used to produce the electricity and refine the gasoline that run the vehicles.What vehicles weigh the most, ICE, EVs, or hybridsHow the mix of renewables and coal in the power grid impacts the energy impact of electric vehicles.What is the total cost of owning an electric vehicle compared with a similar model ICE vehicle.Become a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here.Thanks to IPVanish and Raycon for sponsoring the episode.For more information on this episode click here.Show NotesThe Gregor LetterThe Greenhouse gases, Regulated Emissions, and Energy use in Technologies Model—Argonne National LaboratoryVehicle Cost Calculator—Alternative Fuels Data CenterEV vs. Gas: Which Cars Are Cheaper to Own? by Roberto Baldwin—Car and DriverBatteries For Electric Cars Speed Toward a Tipping Point by Ira Boudway—BloombergShow NotesThe Gregor LetterThe Greenhouse gases, Regulated Emissions, and Energy use in Technologies Model—Argonne National LaboratoryVehicle Cost Calculator—Alternative Fuels Data CenterEV vs. Gas: Which Cars Are Cheaper to Own? by Roberto Baldwin—Car and DriverBatteries For Electric Cars Speed Toward a Tipping Point by Ira Boudway—BloombergSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What are ways to invest in water and is it an attractive investment?Topics covered include:How water rights work and how they have been overallocated in the Colorado River basin.Why agriculture uses the vast majority of water in the southwestern U.S. while contributing only a few percentage points to the region's gross domestic product.Why hedge fund manager Michael Burry invests in farmland instead of water rights.What ETFs are available to invest in waterWhat have the historical returns been for water stock investing, what are current valuations, and what is the expected long-term revenue growth.Become a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here.Thanks to Blinkist and Policygenius for sponsoring the episode.For more information on this episode click here.Show NotesBeyond the Signing by Laura Paskus—Water Education ColoradoWhere the Water Goes: Life and Death Along the Colorado River by David OwensWhat Happens When The Colorado River Runs Dry—Science FridayEditorial: There is no drought by The Times Editorial BoardNew Mexico’s coming megadrought highlights farmers’ control of water by Cody Nelson, Capital & Main—New Mexico Political ReportArizona | The Economic Contributions and Impacts of U.S. Food, Fiber, and Forest Industries—University of Arkansas Department of AgricultureU.S. Southwest, Already Parched, Sees ‘Virtual Water’ Drain Abroad by Diana Kruzman—Coyote GultchBrazil’s Worst Water Crisis in 91 Years Threatens Power Supplies by Walter Brandimarte and Gerson Freitas Jr—Bloomberg GreenDoes Arizona really use less water now than it did in 1957? by Andrew Nicla—azcentral.Arizona’s Groundwater Management Act at Forty: Tackling Unfinished Business by Kirsten H. Engel, Esther Loiseleur, Elise DrilhonMichael Burry, Real-Life Market Genius From The Big Short, Thinks Another Financial Crisis Is Looming—by Jessica Pressler—Intelligencer Global water crisis: Investing in water—FidelityRelated Episodes301: Use Caution with Alternative Investments334: How To Invest In Farmland336: Own What Is RealSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Half of the global financial system is made up of shadow banks. You have probably already used one. What are shadow banks and what to be wary of when using them.Topics covered include:What are the roles of shadow banksWhat are examples of shadow banksHow two shadow banks, Greensill Capital and Archegos Capital Management, contributed to billions of dollars in lossesHow China's massive use of shadow banks differs from the rest of the worldHow individuals investors can benefit from the careful use of shadow banks.Become a Subscriber and listen to the episode ad-free on Spotify or your preferred podcasting app. Only $4.99 per month plus tax. Subscribe here.Thanks to Mint Mobile and Clear for sponsoring the episode. Use code David to get two months of Clear for free.For more information on this episode click here.Show NotesQ+A-What is shadow banking and why does it matter? by Michelle Martin—ReutersWhat You Need to Know About the Shadow Banking System Now by Craig Kirsner—KiplingerGlobal Monitoring Report on Non-Bank Financial Intermediation 2020—Financial Stability BoardHow fintech will eat into banks’ business—The EconomistWhy is supply-chain finance, as practised by Greensill Capital, risky?—The EconomistTokio Marine defends governance over Greensill exposure by Leo Lewis, Kana Inagaki, and Ian Smith—Financial TimesRelated Episodes304: A 15% Guaranteed Return? Lending on the Fringes of Finance305: Are Banks Safe?333: How The Covid Shock Nearly Destroyed The Financial System339: How To Make Money with BlockFi, Dai and the Evolving DeFi EcosystemSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.