Money For the Rest of Us

How to protect against financial hardship and assist others who are struggling financially.Topics covered include:Why are so many families leaving Central America and seeking to enter the United States.How have U.S. immigration patterns changed.Why immigration leads to higher economic growth.Why unsheltered homelessness is increasing around the world and what strategies have been effective in reducing homelessness.What can individuals do to assist the homeless and others who are in financial distress.Note: The original audio file stated that "oftentimes they [the ayslum seekers] wouldn't ever show up for their court case." That is an inaccurate statement. Most asylum seekers attend their court hearing. The audio has been modified to remove the inaccuracy.Thanks to The Bouqs Co. for sponsoring the episode. Use code: david. Also thanks to Policygenius for being a long-time sponsor of the show.For show notes and more information on this episode click here.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How investors make money with carry trades, how central banks encourage such trades, and what are the dangers to financial markets and the economy when carry trades get too big.Topics covered include:What are the attributes and examples of carry trades.Why do carry trades exist even though investors can suffer massive losses.What was Volmageddeon and Francogeddan.How central banks are the largest carry traders and their actions encourage even more carry trades.Why carry trades are deflationary and lead to systemic risk.What should individual investors do about carry trades and how to take advantage of carry crashes.Thanks to Robinhood and NetSuite for sponsoring the episodeFor show notes and more information on this episode click here.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What factors determine the well-being of an individual or nation and why gross domestic product is an inadequate measure of prosperity.Topics covered include:Evidence many Americans are poorer than before the Great Recession.Why life expectancy in the U.S. is falling.How satisifiedare U.S. citizens.What is GDP and why is the U.S. Bureau of Economics developing a new methodologyWhat are the flaws with GDP and why does it fall short in measuring well-being.Which countries around the world are the most and least happy and what are the factors that contribute to that happiness.Why were U.S. founding fathers worried about too many luxuries.How the U.S. in the 19th century followed the same manufacturing model that China does today.Thanks to Policygenius and LinkedIn for sponsoring the episode.For show notes and more information on this episode click here.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How climate change, money, trust and technology will interact to impact financial markets and the economy in the coming decade.Topics covered include:Why we change much more over a decade's time than we predict.What is the best approach for transitioning to a new career.What have stocks and bonds returned over the past decade and what are reasonable return expectations for the decade ahead.Examples of how the impact of climate change is being priced into financial transactions.Why Ray Dalio thinks the world has gone mad and the system is broken.Why uncertainties regarding the creation, use and borrowing of money will be reflected in interest rates.How trust and technology will impact global trade and productivity growth.Thanks to Cove and Sleep Number for sponsoring the episode.For show notes and more information on this episode click here.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How is it the global economy still functions even though most individuals do not trust brands, public institutions or each other.Topics covered in this episode include:The low level of interpersonal trust around the worldWhat is social capital and how it facilitates a trust economy.What are the incentives that encourage individuals and businesses to produce goods and services rather than steal from each other.How does trust impact economic growth.Does traveling harm or help local residents.Thanks to Masterworks and LinkedIn for sponsoring the episode.For show notes and more information on this episode click here.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How a safety-first retirement approach using income annuities is more predictable and takes less money than depending entirely on your investment portfolio to fund your retirement.Topics covered include:The difference between a safety-first and probability-based approached to retirement.How income annuities work.Why setting a sustainable retirement withdrawal rates requires planning for below average market returns and above average life expectancy.How using an income annuity and other guaranteed income to fund basic living expenses means not having to set a sustainable withdrawal rate.How long can retirees expect to live.Why most retirement portfolios are not as liquid as retirees think.Why are retirees hesitant to use income annuities and how to overcome the fear of doing so.Thanks to Policygenius and Vistaprint for sponsoring the episode. Use code David50 for Vistaprint.For show notes and more information on this episode click here.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Two Money For the Rest of Us podcast listeners are struggling with spending money. The first listener is 22 and lives in Canada. He feels as if his money is going everywhere such as saving for a house, car, and retirement, but very little goes to things he enjoys.The second listener is 46 with a $2 million net worth, but in his case, he finds he doesn’t enjoy spending money on himself. He is willing to spend money on his wife and two children, but he still finds himself feeling tight, fearful and worried about money and his business, even though he has plenty of wealth and is close to his goal of financial freedom.In this podcast episode, we consider the standard to use to determine how much to spend on ourselves.Topics covered include:The most difficult part of figuring out how much is enough.What is the Voluntary Simplicity movement and how it can help us decide where to spend our money.What is the difference between comforts and luxuries.What is the difference between joy and pleasure.What is a simple filter we can use to determine where to spend money.Thanks to Masterwork and NetSuite for sponsoring the episode.For show notes and more information on this episode click here.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How regulatory changes could lead to a boom in new ETFs, including actively managed ETFs. Why ETFs continue to be one of the most innovative, cost effective and tax efficient investment vehicles.Topic covered include:How big is the ETF market relative to mutual funds.What are the benefits of ETFs that have allowed them to gain market share from mutal funds.What are some of the negatives with ETFs.What has changed to make it easier for sponsors to launch new ETFs.How do non-transparent actively managed ETFs work.What are some examples of more complicated, outcome-based ETFs.Thanks to LinkedIn and SleepNumber for sponsoring the episode.For show notes and more information on this episode click here.[2:45] The benefits of ETFs[8:40] Challenges with ETFs[12:50] The rules that have changed[15:25] What is an AP Representative?[18:40] Should you invest in actively managed ETFs?[21:30] All about outcome Based ETFs[26:20] Understand what drives performanceSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How to find your unique work that can bring satisfaction and income before and during the traditional retirement years.Topics discussed in this episode include:What is settled work.Why you need time and space to find and do your best work.What is a commonplace book and why it can be helpful.How filters and saying no can help us control our time.The important role of serendipity in finding our path.Thanks to The Great Courses Plus and Vistaprint (use code David50) for sponsoring the episode.For show notes and more information on this episode click here.[0:20] An antique lamp store in Phoenix[3:10] The concept of “Settled Work”[5:30] How do we find our settled work?[7:40] David’s commonplace book[12:15] Why we need settled work[15:00] Take time to reflect[16:05] Take back control of your time[18:00] The art of saying “no”[21:00] Capturing SerendipitySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Is it possible to be too diversified and how can you tell? Why Warren Buffet thinks diversification is protection against ignorance.Topics covered include:The skills you need to be able to select individual stocks.How have active managers outperformed relative to passive indexing products.How much diversification is too much and a test to determine if one is over diversified.What is factor investing and which factors have worked over the past 200 years.Thanks to LinkedIn and Policygenius for sponsoring the episode.For show notes and more information on this episode click here.[2:22] Exploring the concept of over-diversification[5:25] Should you pay for an investment advisor to select individual stocks?[8:05] An individual investor should choose index funds[11:10] Determining how much diversification is enough?[13:37] Weighing the cost against the benefits[16:10] When being over diversified is possible[17:05] Analyzing the listener question regarding over-diversification[20:20] A Fascinating study analyzing 200 years of factors[25:08] Layer on additional value factorSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.