Podcast

Money For the Rest of Us

A personal finance and investing podcast on money, how it works, how to invest it and how to live without worrying about it. J. David Stein is a former Chief Investment Strategist and money manager. For close to two decades, he has been teaching individuals and institutions how to invest and handle their finances in ways that are simple to understand. More info at moneyfortherestofus.com

Episodes

  • 240: Three Financial Lessons from Thoreau

    Feb 13 2019

    What Henry David Thoreau can teach us about calculating costs, profits, benefits and living a life free of "quiet desperation." Thanks to Blinkist and LinkedIn for sponsoring the episode.0:23] Moving into a new house and considering the simplicity of Thoreau.[2:34] Preserving Ralph Waldo Emerson’s woods.[5:15] A two-year experiment living in the woods.[6:32] Calculating cost in terms of our life.[8:37] Distinguishing profit by the benefits.[10:59] Living in the present.[15:24] Using ou...more

  • 239: How to Be a Successful Trader

    Feb 06 2019

    Why successful trading of commodities futures, foreign currencies and options depends on exploiting novice traders. Thanks to Molekule and Sleep Number for sponsoring this episode.[0:20] Learning how to trade.[4:52] David takes a look at a trading school for himself.[9:15] Red flags in the trade school learning process.[10:32] Common mistakes in managing wealth according to the trade school.[16:29] Is the solution found in only trading and shunning the stock market?[19:48] The patented approach ...more

  • 238: The U.S Is More Socialist Than Denmark with Home Mortgages

    Jan 30 2019

    How the U.S. mortgage market differs from the Danish mortgage market. Danish mortgage rates and defaults are lower than the U.S.. and unlike the U.S., the Danish government is not involved in protecting investors against mortgage defaults. This episode also explores how the mortgage broker industry has evolved since the housing crash. Thanks to ShipStation and The Great Courses Plus for sponsoring the episode. [0:23] The socialist catastrophe of Venezuela[1:42] Who is the most socialist in hous...more

  • 237: Brexit Is A Mess - Lessons Learned

    Jan 23 2019

    What can we learn from the difficulties the UK is having in negotiating an exit from the European Union. What happens next? Why there is always a conflict between globalization and national sovereignty.  Thanks to LinkedIn, Blinkist and The Great Courses Plus for sponsoring the episode. [0:32] Update on Brexit since the British Parliament Vote.[1:20] Basic Principles of Brexit.[3:58] The problem of the Irish border.[10:35] Debate over the withdrawal agreement leads to the current refus...more

  • 236: How Investors Cope With Radical Uncertainty

    Jan 16 2019

    How heuristics, filters and reasonable stories help us cope with radical uncertainty and make investment decisions. Thanks to Netsuite and The Great Courses Plus for sponsoring the episode.[0:17] Investing is a world of radical uncertainty.[1:57] Risk vs. uncertainty.[6:01] Coping through the use of narrative.[10:39] Using filters to keep ourselves from being overwhelmed.[12:48] Staying shy of the consensus and “phantastic” objects.[16:04] Learning to tell ourselves reasonable stories.[17:0...more

  • 235: What If Home Prices Always Fell

    Jan 09 2019

    How to evaluate the purchase of a depreciating asset, such as buying a house in Japan where prices have declined 23 out of the past 29 years. Thanks to The Great Courses Plus, LinkedIn and Sleep Number for sponsoring the episode.[0:20] Unfortunately, there isn’t a magic formula for dealing with a housing bubble.[2:33] Making the decision to purchase a second home.[5:31] Japan’s declining housing market.[13:10] Another quirk of the Japanese house: it’s freezing.[20:28] Should we imitate the ...more

  • 234: Index But Don't Herd

    Dec 19 2018

    How and when to use passive indexing strategies without following the crowd. Thanks to Masterworks and Sleep Number for sponsoring the episode.[2:25] Do all index investment followers herd?[4:13] Why it has taken so long for indexing to become established.[11:05] Comparing the statistic of active management to passive management.[16:14] Keeping your portfolio diverse while indexing.[19:54] Example of a return driver outside of indexing.[24:54] Steps to take to keep from following the herd.

  • 233: Is An Emerging Markets Crisis Imminent?

    Dec 12 2018

    What is the cause of the economic crisis in Argentina and how likely is it that other developing nations will experience a similar financing crisis. Thanks to Policy Genius for sponsoring the episode.

  • 232: Is It Time To Invest In Commodities?

    Dec 05 2018

    Why investing in commodities such as oil and gold is challenging. What you need to know before you invest. Thanks to New Retirement Planner for sponsoring the episode.[0:18] Where do commodities help us in the economic cycle?[2:00] How to interpret the apparent statistical decline in commodities.[5:40] Are master limited partnerships (MLPs) helpful to your portfolio?[8:19] How the energy transition will affect the future of commodity investment.[11:43] Contango and how it affects the performance...more

  • 231: What Determines How Much You Make

    Nov 28 2018

    Why different occupations pay differently or even the same occupation in different countries. Why the same occupation can pay differently for different companies that reside in the same city.[0:12] A bit of background on today’s question for Money For the Rest of Us[2:28] Why do certain occupations pay more than others?[11:36] Wages vary from county to country - here’s why[20:09] Even jobs in the same city pay different wages, and there’s a good reason behind it[25:52] You can do a few things to...more

  • 230: Use Caution With Real Estate Crowdfunding

    Nov 14 2018

    With RealtyShares and other crowdfunding platforms shutting down, should you invest on these platforms and if so how do you go about evaluating the investment opportunities. Thanks to Policy Genius for sponsoring the episode. 

  • 229: Stop Maximizing Your Returns Using Modern Portfolio Theory

    Nov 07 2018

    Why modern portfolio theory is a defective way to build out an investment portfolio. This episode explains a better approach to asset allocation.[0:11] What is modern portfolio theory?[4:29] There are many downfalls to relying on this theory while investing[7:05] We should prepare for the worst possible outcome when investing, not the average positive outcome[14:08] The true goal of investing should be about “minimizing your maximum regret in the meta-game”[18:34] There isn’t the best “right ans...more

  • 228: How Tokenization Will Radically Change Investing

    Oct 31 2018

    How distributed ledger technology and tokenized assets will increase liquidity, transparency and fractionalization, allowing investors to purchase very small, liquid positions in real estate, private companies, art and other assets. Thanks to LinkedIn for sponsoring the episode.[0:12] Stocks ownership used to be tied to paper certificates, but there’s a problem with electronic records as well[10:00] Proxy voting in trading can lead to complicated issues that are almost impossible to solve w...more

  • 227: How To Teach Children About Money

    Oct 24 2018

    Here are four most important things to teach children about money and why showing is better than telling when it comes to kids and money. Thanks to CNote for sponsoring this episode.[2:58] Here’s how you can start teaching children about money[5:30] #1 - The right attitude about money comes with a balance of respect, understanding, and trust[8:40] #2 - Healthy relationships with money come with accountability and choice[11:38] #3 - Money is tied to work[20:25] #4 - Avoid the wrong kinds of debt[...more

  • 226: How To Spot Asset Bubbles and What To Do About Them (The Case of Cannabis)

    Oct 17 2018

    What are the characteristics of an asset bubble and how to invest when one exists. Are cannabis stocks in a bubble? Thanks to Blinkist and Policy Genius for sponsoring this episode.[0:10] Is the cannabis industry in an asset bubble right now?[4:41] Public conversation is often a sign of an asset bubble[8:19] Hopeful assumptions are often what drive an asset bubble environment[13:24] Tesla can be considered an example of a micro-bubble[21:57] You can handle an asset bubble in a variety of ways

  • 225: How To Invest In Bonds and Other Fixed Income Securities

    Oct 10 2018

    How to evaluate interest rate risk, credit risk and other factors when investing in bonds. Thanks to Sleep Number for sponsoring the episode.[0:11] Predicting interest rates can be tough - here are some things to consider[4:28] What determines the rate of return if you invest in bonds or fixed income securities?[7:00] Bond prices fluctuate as interest rates change[15:30] Data on default rates for bonds and other investment strategies[19:40] Consider this before deciding whether or not to hold bo...more

  • 224: Mastering the Market Cycle - New Book by Howard Marks

    Oct 03 2018

    How to position your investment portfolio based on market cycles. Investing principles from Howard Marks' new book Mastering the Market Cycle. Thanks to CNote and LinkedIn and for sponsoring today's episode.[0:11] Howard Marks’ new book is the inspiration for this episode of Money For the Rest of Us[7:13] The first tool in learning how to invest during a market cycle[11:49] The second tool in learning how to invest during a market cycle[18:00] Successful investing involves a mix of skill an...more

  • 223: How To Invest When You Have Little Money

    Sep 26 2018

    How commission free ETFs, mobile apps and zero fee index funds make it easier to invest if you have little money. What are some examples of commission fee ETFs and funds for Vanguard, Fidelity, Robinhood and TD Ameritrade. Thanks to Blinkist for sponsoring this episode.Episode Chronology[0:14] Here’s how to invest when you have little money[4:26] How do brokerage firms make money if they don’t charge commissions? [11:37] What happens to investments if a brokerage firm goes bankrupt?</li&...more

  • 222: Why We Overpay and How It Leads To Income Inequality

    Sep 19 2018

    How asymmetric information, price discrimination and the stories we tell ourselves contribute to artificial profits and income inequality. Thanks to CNote for sponsoring today's episode. [0:20] Rents, overpayments, and income inequality are all side effects of market distortions[8:55] Value-based pricing vs pricing based solely on cost[17:13] Pricing is inextricably tied to the stories we tell about ourselves and to others[22:30] Consumers need to consider these 4 things when evaluating the cost...more

  • 221: Should You Prepare For The Next Financial Crisis?

    Sep 12 2018

    How the Great Financial Crisis changed how individuals and institutions invest, and why we shouldn't invest solely focused on the next crisis. Thanks to CNote for sponsoring today's episode.[0:40] Overview of how the 2008 financial crisis continues to impact investing today[6:48] Data on current investments and the stock market[8:40] How you invest depends on your experience in the 2008 crisis[11:41] Future investing is enveloped in big questions and unknown variables[16:10] The great financial ...more

  • 220: Where Should You Invest Your Cash Savings?

    Sep 05 2018

    How to evaluate cash savings options at banks, credit unions and brokerage firms. Why are yields on cash savings so much higher than a few years ago. How to tell if your bank or credit union is in experiencing financial difficulties. Thank you to Blinkist for sponsoring this week's episode. [0:10] All about banks, credit unions, and the pros and cons of cash savings [4:47] How can banks and credit unions become financially unstable? [14:25] The Federal Reserve is setting a new short term in...more

  • 219: The Incredible Shrinking Stock Market

    Aug 29 2018

    How fewer publicly traded companies, less stock shares outstanding and more intangible assets have led to higher earnings growth for U.S. listed companies and ultimately stronger stock market performance. Thanks to Circle Invest for sponsoring today's episode. [0:08] Observations on the current state of the US stock market [4:01] What if there’s something going on within the US market that suggests continued outperformance is coming? [7:23] Why the number of publicly listed companies, particular...more

  • 218: Is China or the U.S. More Vulnerable?

    Aug 22 2018

    What are the headwinds facing China that could slow economic growth, but still could lead to China growing faster than the U.S. Also, what is going on with Turkey and are other emerging market countries vulnerable to the same plight? Thanks to Circle Invest for sponsoring today's episode. [1:07] Is China or the US more vulnerable to economic downturn? [4:55] Why have emerging markets done so poorly recently? [8:51] The concept of balance of payment is reviewed and examined in a case study of Tur...more

  • 217: Rebalancing, Overvaluation, Market Timing and Stock Splits

    Aug 15 2018

    Which rebalancing strategy is best or should we even bother rebalancing? Should we just exit stocks completely, especially given how overvalued the U.S. stock market it is? And why do companies split their stocks? In this episode, we answer these and other listener questions. 

  • 216: Avoid This Investment: P2P Lending

    Aug 08 2018

    Why peer-to-peer lending on platforms like Lending Club and Upstart is no place for individuals to invest given higher defaults, lower returns and competition from institutional investors. Thanks to Circle Invest for sponsoring today's episode.Episode Chronology[1:04] There are a lot of issues going on with the global P2P lending market[5:34] How the P2P lending environment has changed over the past few years[11:24] Why advertised returns are higher than actual returns[15:35] How are these ...more

  • 215: Is A Dollar Collapse Coming?

    Aug 01 2018

    Will stagflation cause the dollar to crash and be a bottomless pit when the next recession hits? That is what Peter Schiff is predicting. We look at where he is right and where he seems to be off the mark when it comes to the U.S. economy and a dollar collapse. Thanks to Haven Life and Wunder Capital for sponsoring today's episode.Episode Chronology[0:33] Is a dollar collapse imminent? [3:07] Economic expansions don’t die of old age[5:22] How tariffs and imports impact the US economy[10:44]...more

  • 214: Should You Trade Currencies (Forex) Like Soros?

    Jul 25 2018

    How the foreign exchange market works and how George Soros made more than a $1 billion shorting the British pound in 1992. Why currency trading today is more like gambling than when Soros made his billions. Why trading closed end funds can be more profitable than currency trading. Thanks to Wunder Capital and Blooom for sponsoring todays' episode. Use code DAVID on Blooom for your first month free.[0:35] David introduces the listener question for this episode, “Should You Trade Foreign Currencie...more

  • 213: Why Health Insurance Is A Mess

    Jul 18 2018

    How health insurance isn't really protection against a catastrophic illness but prepayment of routine healthcare consumption, leading to overconsumption of healthcare and over treatment by medical professionals that drive up costs. What would it take to reform the health insurance marketplace so it is more fair and functions more like life insurance or homeowners insurance. Show notes and links can be found here. Thanks to Circle Invest for sponsoring today's episode.

  • 212: Trade Wars Increase Prices and Poverty

    Jul 11 2018

    How a complex global trade system has reduced poverty, raised incomes, increased productivity, and lowered prices while a trade war will reverse those trends. You can find show notes and links here. Thanks to Blooom and Wunder Capital for sponsoring this episode. Episode SummaryPresident Trump recently unveiled new tariffs on trade with China, and many fear this decision could lead to a trade war. This 25% tariff on $34 billion worth of Chinese imports into the U.S. and an additional $216 bill...more

  • 211: How To Navigate A Housing Bubble

    Jun 27 2018

    Why housing bubbles can last such a long time and what to do if you really want or need to buy a house in a frothy market. More information, including show notes, can be found here.Episode SummaryNavigating a housing bubble is often on everyone’s minds. With changing family needs, balancing multiple incomes, and varying environmental factors, finding a great house is a struggle most families face. On this episode of Money For the Rest of Us, David responds to a listener’s question of how to navi...more

  • 210: Are There Always Winners and Losers When Trading?

    Jun 20 2018

    Why fair markets require uncertainty for both the buyer and the seller, and why sellers don't need to disclose everything they know to the buyer. More information, including show notes, can be found here. Thanks to Wunder Capital for sponsoring this week's episode.Episode SummaryA recent listener of the Money For the Rest of Us podcast posed the question, “Are there always winners and losers when trading?” This question is the focus of this episode of the podcast. David explains an age-old thoug...more

  • 209: Why Bother Investing Internationally?

    Jun 13 2018

    Is it worth investing outside your home country given the risk? Should you hedge currency risk? What is the impact of Chinese "A" share listed companies being added to emerging market indices. More information, including show notes, can be found here.Episode SummaryShould you be investing internationally? What are the benefits to having foreign stocks in your portfolio? Do the currency risks outweigh potential returns? On this episode of Money For the Rest of Us David considers these questions a...more

  • 208: The Biggest Market Crash Is Recyclables

    Jun 06 2018

    How a Chinese ban and careless recycling habits by households and businesses led to a market collapse in recyclables. More information, including show notes, can be found here.Episode SummaryThe biggest market crash facing the United States today isn’t entirely economic in nature. It’s actually surrounding the idea of recycling and recyclable goods. Recycling is a service that most communities require and demand. But is it economical? Why has the market crashed in recent months? What are the sol...more

  • 207: How Do The Mega Rich Invest?

    May 30 2018

    Why the mega rich don't have magical investing powers, but there are some investing attributes they possess that we can emulate. More information, including show notes, can be found here.Episode SummaryA new listener of Money For the Rest of Us inspired the question for this episode: how do the mega rich invest? Forbes reports that there are 585 billionaires in the US and most of them utilize a family office/professional management structure. But do they have some magical, secret way of making m...more

  • 206: Be Bear Aware of Bank Loans

    May 23 2018

    Why the leveraged loan market (i.e. bank loans) is becoming more risky. What are collateralized loan obligations and how do they influence bank loans. Why I will sell my bank loans fund when the economy turns. More information, including show notes, can be found here.Episode SummaryJust as you need to be “bear aware” when traveling in the backcountry, you also need to be aware of the risks and benefits when investing in asset classes such as bank loans. What may seem harmless on the surface...more

  • 205: Is The Federal Reserve Really Printing Money?

    May 16 2018

    If the Federal Reserve has printed over $2 trillion dollar and given it to banks to lend, why is U.S. inflation still low? More information, including show notes, can be found here.Episode SummaryMany people wonder if the Federal Reserve is really printing money. Varied schools of thought exist behind the value of money, how it gets injected into a country’s economy, and how it impacts the private sector. On this episode of Money For the Rest of Us David offers insights into this complex subject...more

  • 204: Why Are Investment Returns So Low?

    May 09 2018

    How low real interest rates contribute to low returns for stocks and other risk assets. How real interest rates are determined. More information, including show notes, can be found here. Episode SummaryLow investment returns are never the best news for financial investors. On this episode of Money For the Rest of Us, David examines the relationships between real interest rates and investment return, who or what is driving real rates, and offers historical information on previous periods of low r...more

  • 203: Is Investing More Like Poker or Chess?

    May 02 2018

    How to make better investing and life decisions. More information, including show notes, can be found here.Episode SummaryDavid asks the question, “Is investing more like poker or chess?” on this episode of Money For the Rest of Us in order to help you better understand why investing is inherently unpredictable. The book, “Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts” by Annie Duke inspired this episode. David ponders big ideas such a reflexive vs. deliberative th...more

  • 202: Will Your Next Car Be Electric?

    Apr 25 2018

    What are the impediments to the mass adoption of electric vehicles. More information, including show notes, can be found here. Episode SummaryOver the past few months David has been traveling across the country and throughout the trip, he’s covered thousands of highway miles and seen countless vehicles. This inspired him to ask the question, “Will my next car be electric?” On this episode of Money For the Rest of Us he outlines how the vehicle market is changing, the benefits of electric vehicle...more

  • 201: Is Your Portfolio Unbalanced?

    Apr 18 2018

    Why most conventional portfolios make huge and often unintended bets on the stock market. How role based investing can lead to a more balanced portfolio. More information, including show notes, can be found here.Episode SummaryHaving a balanced portfolio is a key to financial success. It offers a secure future and provides a level of security to your day-to-day lifestyle. On this episode of Money For the Rest of Us, David considers the question, “Is your portfolio unbalanced?” A new member ...more

  • 200: The Great National Debt Debate

    Apr 11 2018

    Joshua Sheats from the Radical Personal Finance podcast and I discuss our different views regarding the national debt and the severity of the U.S. government fiscal situation. More information, including show notes, can be found here. Episode SummaryNavigating a housing bubble is often on everyone’s minds. With changing family needs, balancing multiple incomes, and varying environmental factors, finding a great house is a struggle most families face. On this episode of Money For the Rest of Us, ...more

  • 199: What Kind of Money Is It?

    Apr 04 2018

    How a bank panic led to the creation of the Federal Reserve, and why having diversified sources of money can protect us in case we have a bank panic today and can't get access to our bank deposits. More information, including show notes, can be found here. Episode SummaryAsking the question “What kind of money is it?” may seem a bit unnecessary. Everyone knows what money is, what it does, and why it exists. However, on this episode of Money For The Rest Of Us, David explains the different types ...more

  • 198: Capitalism Is Creation

    Mar 28 2018

    Why save for retirement if capitalism is going to collapse and/or universal basic income will be available. How millennials can lead the next work transition. More information, including show notes, can be found here. Episode SummaryCapitalism, universal basic income, socialism, and artificial intelligence are all tied together in America’s current economy. Today’s millennials are asking big questions about the future of the national economy and what place AI has in the job market. On this ...more

  • 197: The Power of Less and Local

    Mar 21 2018

    Why having less things and activities gives us more freedom and happiness. Why low probability risks are unacceptable if the consequences affect all of us. More information, including show notes, can be found here. Episode SummaryThe inspiration behind this episode came from the idea of the power of local and less, from Nassim Nicholas Taleb’s book Skin in the Game. David discusses the power behind experimenting at the local level in order to avoid systemic risk, as well as why less is more when...more

  • 196: How To Survive Financially

    Mar 14 2018

    Why relying on averages is dangerous given our fate is often determined by extreme events and how we react as financial markets, the economy and our own lives evolve. More information, including show notes, can be found here. Episode SummaryAs people age, one of the most common questions asked is “how can I survive financially?” The world is filled with unpredictable markets, unforeseen circumstances, and lifestyle events that may impact your ability to be financially secure. On this episode of ...more

  • 195: Has A Trade War Begun?

    Mar 07 2018

    Why duties and other actions are necessary to address trade disputes, but across the board tariffs are a blunt instrument that can lead to a devastating trade war and global recession. More information, including show notes, can be found here. Episode SummaryWith President Trump recently unveiling new tariffs, many investors and economists are asking the question, “has a trade war begun?” On this episode of Money For the Rest of Us, David Stein explores this idea and explains the new tariff plan...more

  • 194: Four Investment Lessons From Warren Buffett

    Feb 28 2018

    Four investment lessons from Berkshire Hathaway's fiscal year 2017 Shareholder Letter with additional insights from Howard Marks and Seth Klarman. More information, including show notes, can be found here. Episode SummaryEvery year, Berkshire Hathaway releases a letter written for their shareholders filled with information on their performance, portfolios, and investments. On this episode of Money For the Rest of Us, David digs into the 2017 letter and discusses four investment lessons Warren Bu...more

  • 193: Why Plan If Life Is So Unpredictable?

    Feb 21 2018

    How planning helps us avoid catastrophic errors while maintaining flexibility and margins of safety allow us to thrive even if our plans don't work out. More information, including show notes, can be found here. Episode SummaryThere are two sides to the “why plan if life is so unpredictable?” debate that David talks about in this episode of Money For the Rest of Us. Some individuals believe you should plan even though countless variables exist, and others insist on not planning for even the slig...more

  • 192: Is Anything Scarce Anymore?

    Feb 14 2018

    In this episode we explore scarcity. Artificial scarcity created by laws and real scarcity created by our evolving lifestyles and economy. We'll see that most physical products, with drinking water being an exception, are becoming less scarce while trust and attention are becoming more scarce. More information, including show notes, can be found here.Episode Summary – Is Anything Scarce Anymore?Scarce goods and services have been a topic of debate since the original intellectual property (IP) la...more

  • 191: Has The Bond Bear Market Begun?

    Feb 07 2018

    Why interest rates are rising and what could happen to bonds, stocks and the economy if rates returned to more normal levels. More information, including show notes, can be found here. Episode Summary – Has A Bond Bear Market Begun?On this episode of Money For the Rest of Us, David Stein walks you through the complex idea of a bond bear market. He explains that a market consisting of losses of 20% or more are considered a bear market type loss and that this type of loss is possible even in the b...more

  • 190: How To Keep Up With Inflation

    Jan 31 2018

    What investments are best for maintaining purchasing power relative to inflation. Using the pencil as an example, how inflationary and deflationary forces work together over decades to determine the price of product. More information, including show notes, can be found here. Episode Summary – How To Keep Up With InflationBusinesses and individuals are asking questions such as “How can we protect our earnings and purchasing power? How do we invest smartly while keeping inflation in mind?” On this...more

  • 189: Should The Minimum Wage Be Raised?

    Jan 24 2018

    Will increasing the minimum wage help or harm workers and businesses? How many U.S. workers are paid at or below the minimum wage? More information, including show notes, can be found here. Episode Summary – Should The Minimum Wage Be Raised?Nearly every employee in the United States has grappled with the minimum wage question at some point in their lives. High schoolers, recent college graduates, and older workers all ask themselves, “Can I survive on an hourly job making the minimum wage?” Pro...more

  • 188: Should You Pay Off Debt Or Invest?

    Jan 17 2018

    How our net worth is more than our financial capital but includes our lifetime earning capacity or human capital. What role does debt play in investing in human capital and how our human capital impacts how we allocate our financial investments. Why stocks aren't less risky in the long-term. How to invest a lump sum payment and how I recently did so in today's market environment. More information, including show notes, can be found here. Episode SummaryAt some point in our lives, we all have to ...more

  • 187: Do You Have Dollars and Sense?

    Jan 10 2018

    Why opportunity costs should be our primary frame for deciding what to buy instead of anchoring, mental accounting or whether we pay with a credit card or cash. More information, including show notes, can be found here. Episode SummaryWhen David noticed that a new book by Dr. Dan Ariely and Jeff Kreisler was actually titled, “Dollars and Sense,” he couldn’t believe his eyes. That’s one of the most tired and overused phrases when it comes to financial writing and publication. Yet, there it was, a...more

  • 186: Why Do We Pay Taxes?

    Jan 03 2018

    Why paying taxes has very little to do with funding the federal government. We also explore the potential impact of the U.S. tax reform on households, businesses and the economy. More information, including show notes, can be found here.Episode Summary – Why Do We Pay Taxes?They say the only things certain in life are death and taxes. While that’s probably true it’s also likely that many people who have resigned themselves to paying taxes don’t truly understand why taxes are necessary. In this e...more

  • Introducing Topics by Money For the Rest of Us

    Dec 27 2017

    There is no regular episode of the podcast this week, but there is a new podcast you can subscribe and listen to: Topics by Money For the Rest of Us. This is a seasonal show released monthly that categorizes existing episodes into topics with a newly recorded introduction. Please subscribe so you automatically get the seasons as they are released.

  • A Conversation On Retirement With Jason Parker - Year End Special

    Dec 20 2017

    A wide ranging discussion on retirement math, sequence of return risk, investing buckets, scaling exposure to Bitcoin and gold, and creating a lifestyle business.

  • 185: Are U.S. States Just Like Greece?

    Dec 13 2017

    How Illinois and other states can suffer a debt crisis like Greece but why it wouldn't lead to an economic depression similar to what Greece suffered.

  • 184: Massive Job Losses Are Inevitable But There Will Still Be Work

    Dec 06 2017

    Why technology eliminates jobs but doesn't increase the level of unemployment even though for more than 50 years that has been the worry.

  • 183: How To Invest In Commercial Real Estate

    Nov 29 2017

    What to look for when investing in public real estate investment trusts ("REITs), private REITs and direct real estate deals on crowdfunding real estate platforms. What are current valuations for REITs and commercial real estate.

  • 182: Was Tulipmania Just Like Bitcoin?

    Nov 22 2017

    What caused tulip mania in the 17th century in the Netherlands and how is it similar to Bitcoin?

  • 181: Does Illegal Immigration Help or Hurt the Economy?

    Nov 15 2017

    What is the economic impact of illegal immigration. What would be the cost and impact of mass deportation.

  • 180: Can You Outperform Harvard's Endowment?

    Nov 08 2017

    Why have college endowments underperformed a simple three fund Vanguard portfolio? Should you mirror a simple two or three fund portfolio or invest more like an endowment with multiple asset classes?

  • 179: Free Markets and the Great Famine

    Nov 01 2017

    How a concern about interfering in markets and trade may have contributed to over one million deaths during the 19th century Great Famine in Ireland.

  • 178: Japan the Impact of a Shrinking Population

    Oct 25 2017

    How a country’s working age population growth impacts economic growth and stock returns. What Japan can do about its population decline.

  • 177: How Business Contributes To Income Inequality

    Oct 18 2017

    How high profits and low investment by business in R&D and workers lead to income inequality. Why the current situation is unsustainable and what can be done about it.

  • 176: Are 60 Percent of Americans Insolvent?

    Oct 11 2017

    What percent of Americans are insolvent and what makes data trustworthy.

  • 175: How To Conduct Investment Due Diligence

    Oct 04 2017

    What attributes should you look for in analyzing an investment advisory firm, financial planner, investment partnership, crowdfunding platform or other investment related offerings.

  • 174: Navigating Modern Life Like The Amish

    Sep 27 2017

    What the Amish can teach us about adopting new technology without being overwhelmed.

  • 173: Should You Invest Based On Economic Cycles?

    Sep 20 2017

    What are some of challenges of investing using long-term economic cycles.

  • 172: Equifax Aftermath - Should You Freeze Your Credit To Protect Against Identity Theft?

    Sep 13 2017

    Why your personal data will be compromised if it hasn't already been, and what to do to protect yourself from the consequences of identity theft.

  • 171: The Extraordinary Impact of Cities

    Sep 06 2017

    Why cities are the primary driver of economic growth and why do they outlive companies.

  • 170: Are Financial Markets Efficient?

    Aug 30 2017

    Why investment markets can be both efficient and inefficient depending on the environment, and how that should impact your investing.

  • Eclipse Special: The Sound of the Totality From Idaho

    Aug 23 2017

    A short episode on the August 2017 solar eclipse as it happened.

  • 169: The Debt Ceiling - What Happens If the U.S. Defaults

    Aug 16 2017

    What could happen if the U.S. Congress doesn't raise the debt ceiling and defaults on U.S. financial obligations, and why does Congress wait until the last minute before it acts on these things.

  • 168: Is Life More Difficult For Millennials?

    Aug 09 2017

    How being a millennial is both different and the same from young adults of earlier generations.

  • 167: Is Bitcoin Better At Money Than The Dollar?

    Aug 02 2017

    Why bitcoin is a compelling speculative diversifier and how it has been a better store of value than both the U.S. dollar and gold.

  • 166: Do We Really Need Growth?

    Jul 26 2017

    Why enterprises, industries, and economies can't grow at all costs but need to enrich humanity and strive for permanence and sustainability through regeneration.

  • 165: Why Do We Invest? It's Not Just For Return

    Jul 19 2017

    How corporations evaluate and use investment capital provided by individuals. Why companies find it easier to buy back stock rather than invest in capital projects.

  • 164: Optionality - When To Keep Your Options Open and When To Commit

    Jul 12 2017

    How to use the asymmetric payoff of options, trial and error, and commitments to better yourself financially and in other areas of your life.

  • Vacation Special: A Conversation With Roger Whitney, The Retirement Answerman

    Jul 05 2017

    A conversation with Roger Whitney about retirement investing, asset allocation, active versus passive management, luck versus skill, behavioral finance the difference between investing, speculating and gambling.

  • 163: Is There An Indexing Bubble?

    Jun 28 2017

    How an indexing bubble is manifest, why most active managers underperform and how individuals can structure their own quasi index fund that outperforms the market.

  • 162: Is Inflation A Good Thing?

    Jun 21 2017

    What causes inflation and why do central banks allow it to persist instead of having a 0% inflation target.

  • 161: What You Need To Know About Retirement Calculators

    Jun 14 2017

    How retirement planning and retirement spending calculators work and what are some of their flaws. Why figuring out how much money you will have when you retire and how long it will last is a lot like the work hydrologists do to figure out whether Phoenix or Los Angeles will run out of water.

  • 160: Why Ethical Consumption Is Myth

    Jun 07 2017

    How cost, complexity and an unachievable standard keeps us from consuming ethically while the stories we tell ourselves make us feel good about our purchases anyway.

  • Vacation Special: A Conversation with Michael Port

    May 31 2017

    In this interview with Michael Port, we discuss asset allocation, business, healthcare, minimalist investing, roboadvisors, our emotional relationship with money, and selecting a financial advisor.

  • 159: What You Need To Know About Volatility

    May 24 2017

    What is volatility, what determines it and how to invest in it. But should you?

  • 158: How To Invest Like A Cockroach

    May 17 2017

    How reserves, slack and simple rules of thumb help us deal with radical uncertainty. Why the next financial crisis is unlikely to be like the last one. This episode of Money For the Rest of Us is sponsored by Health IQ, an insurance company that helps health conscious people get special life insurance rates. Go to healthiq.com/david to support the show and learn more.

  • 157: The Most Important Economic Question Of Our Time

    May 10 2017

    Why the likelihood of a future fiscal crisis sparked by the national debt depends on whether there is a limited or an unlimited supply of money. Is it possible the federal government's endless borrowing could crowd out the private sector and harm the economy?

  • 156: Your Job Or Half Your Business Could Be Gone Tomorrow

    May 03 2017

    How to gain a personal competitive advantage in an evolving job and business environment. This episode of Money For the Rest of Us is sponsored by Health IQ, an insurance company that helps health conscious people get special life insurance rates. Go to healthiq.com/david to support the show and learn more.

  • 155: Clues To The Next Financial Crisis

    Apr 26 2017

    How panic caused the great financial crisis and what to look for to see if it is happening again.

  • 154: Do Homeowner Tax Breaks Cause Homelessness?

    Apr 19 2017

    How a transitioning economy, government regulation and tax policy have contributed to stagnating wages, rising housing costs, and homelessness.

  • 153: Will Social Security Go Bankrupt?

    Apr 12 2017

    Why Social Security will not collapse and the four actions government can take to make sure it won’t.

  • 152: You Know Less Than You Think

    Apr 05 2017

    How simple rules, just-in-time learning and checking your understanding can help you make better financial decisions.

  • 151: Amazon Impacts Everything

    Mar 29 2017

    How even index fund investors have a big stake in the Amazon revolution.

  • 150: Finding Your Perfect Match

    Mar 22 2017

    How to navigate matching markets where price alone doesn’t determine the outcome.

  • 149: Do You Have Enough To Retire?

    Mar 15 2017

    How to estimate how long your assets will last in retirement and the steps you can take to take make them last longer.

  • 148: Is Your Financial Advisor Loyal To You?

    Mar 08 2017

    Why some financial advisors must show undivided loyalty to you while others can have undisclosed conflicts of interest. How to tell the difference.

  • 147: Is Infrastructure A Good Investment?

    Mar 01 2017

    How to invest in infrastructure assets and why there is a perpetual infrastructure "crisis".

  • 146: How To Decide What To Buy

    Feb 22 2017

    How to optimize your purchase decisions and why eliminating negatives can increase happiness more than buying more stuff.

  • 145: People Like Us Invest Like This

    Feb 15 2017

    Our view of the world dictates how we should and should not invest.

  • 144: Trade Deficits Aren't Aways Bad. Trade Wars Are

    Feb 08 2017

    What causes trade deficits and how they can both help and hurt a country's economy.

  • 143: Are You Investing, Speculating or Gambling?

    Feb 01 2017

    What is the difference between investing, speculating and gambling. Why binary options trading is gambling.

  • 142: Why Are Some Nations Wealthier Than Others

    Jan 25 2017

    Poor nations work harder than rich ones. Why then are they still poor?

  • 141: The Universal Law You Need To Overcome To Thrive

    Jan 18 2017

    How to overcome the second law of thermodynamics in investing and living.

  • 140: How Climate Change Could Impact Your Investments and Your Life

    Jan 11 2017

    Is there a carbon bubble whose bursting could lead to financial instability?

  • 139: Are You Making Fear-based Financial Decisions?

    Jan 04 2017

    How to design a life, pursue a career, and build financial security without acting out of fear.

  • Year End Special - Live From Fincon - What I Learned Investing in 2016

    Dec 28 2016

    Conversation with Brian Bain of Investor In the Family at the Fincon financial media conference about what we learned investing in 2016.

  • 138: Should You Sell Your Stocks Before Trump Takes Office?

    Dec 21 2016

    How to make decisions in the face of uncertainty and why deciding to sell stocks should be based on feelings of regret rather than gut feelings about what we think will happen with financial markets and the economy.

  • 137: Is the American Dream Dead?

    Dec 14 2016

    Are private equity buyout activities contributing to income inequality and the death of the American Dream?

  • 136: Filter By Asset Class - Featuring Preferred Stocks

    Dec 07 2016

    How framing and filtering by asset classes makes investing easier. How to invest in preferred stocks.

  • 135: Embrace the Messiness

    Nov 30 2016

    Why we need to control the chaos while embracing messiness in living and investing.

  • 134: It's Just Money

    Nov 23 2016

    Why we should be indifferent toward money and what are the risks of a dollar shortage.

  • 133: Interest Rates Are Rising. Four Things You Can Do.

    Nov 16 2016

    Here are four investment strategies investors can use to avoid losses due to rising interest rates.

  • 132: Trump Wins. Now What?

    Nov 09 2016

    What should you do about Trump presidency? And how the truth was the real loser in this presidential election.

  • 131: Is This The Creepiest Investment Ever?

    Nov 02 2016

    How hedge funds and pension plans earn 20% a year buying life insurance policies from unwary individuals. Why it's better to keep your permanent life insurance rather than sell it.

  • 130: Should You Buy A Vacation Home?

    Oct 26 2016

    How changes in financial circumstances, property markets, zoning rules and personal taste can make owning an illiquid vacation property a risky proposition, but why we bought our dream place anyway (and then sold it).

  • 129: Finding Simplicity On Other Side of Complexity

    Oct 19 2016

    Why we need to embrace complexity in order to find lower cost, less stressful solutions to challenges including with investing. Plus is investing moral?

  • 128: Is There Too Much Savings?

    Oct 12 2016

    How holding onto goods longer before replacing them and a global savings glut impact the economy, interest rates and stock returns.

  • 127: Investing Is Wayfinding

    Oct 05 2016

    Investing is like exploring an unknown territory. What are the tools to help us navigate.

  • 126: Where Federal Money Flows

    Sep 28 2016

    Why cutting federal spending and trying to lower the national debt reduces household income and spending, potentially causing a recession.

  • 125: Is The Economy Really Doing That Poorly?

    Sep 21 2016

    How to thrive in an ever changing, increasingly complex economy.

  • 124: Build Your Inventory, Discover Your Theme

    Sep 14 2016

    How to balance developing new skills, learning new things and becoming an expert.

  • 123: Why Health Insurance Premiums and Prescription Drug Prices Are Exploding

    Sep 07 2016

    How pharmaceutical companies use of maximum pricing power is leading to double digit annual increases for prescription drug prices and health insurance premiums.

  • 122: Why Negative Interest Rates Are Dangerous

    Aug 31 2016

    How negative interest rates increase volatility and lower future investment returns. What can you do about it.

  • 121: What If Everyone Starts Indexing?

    Aug 24 2016

    How more and more indexing via ETFs leads to market fragility, lower diversification and herd behavior, but why most investors should index anyway.

  • 120: Lao Tzu on Living and Investing

    Aug 17 2016

    What ancient Chinese philosopher Lao-Tzu can teach you about living and investing. Plus two contrasting views of today’s market environment and what to do about it.

  • 119: Investing Won't Make You Rich

    Aug 10 2016

    The primary role of investing is to preserve your wealth not grow it. How then do we grow our wealth?

  • 118: Are Renewable Energy ETFs A Good Investment?

    Aug 03 2016

    Does the significant growth of solar and wind energy mean companies in the space are attractive investments? Show notes at http://moneyfortherestofus.net/mny118-invest-renewable-energy-etfs/

  • 117: The Retirement Journey

    Jul 27 2016

    Why lower retirement spending rates means most retirees will need to work some during their retirement years. Show notes at http://moneyfortherestofus.net/mny117-retirement-journey/

  • 116: Why Investors Can't Ignore China

    Jul 20 2016

    Will China's growing debt burden lead to a banking collapse? How would that impact investors globally, and what should you do about it. Show notes at

  • 115: How To Get Financially Unstuck

    Jul 13 2016

    Why we can't not invest due to fear and uncertainty. Plus how to tell if the stock market is overvalued and what to do about it. To get the U.S. stock market valuation charts, text the word "charts" to 44222

  • Vacation Special: Investing In Your Family

    Jul 06 2016

    There is no regular episode this week due to the 4th of July Holiday and the Stein Idaho family reunion. Instead, here is the audio from a conversation that Brian Bain of Investor In the Family and I had on investing in family relationships. In the interview, we discuss work and family and balancing the two. We also discuss career transitions and the challenge of raising children.

  • 114: Money Is Cheap, Freedom Is Expensive

    Jun 29 2016

    Two outcomes from the Brexit vote is money got cheaper and politics got scarier. What should you do about it. Plus we profile a man who never retired and was still working at 87. Show notes at http://moneyfortherestofus.net/mny114-money-cheap-freedom-expensive/

  • 113: Brexit and the Economics of Immigration

    Jun 22 2016

    Does immigration harm or benefit a country’s economy? And should the UK leave the European Union?

  • 112: Your Retirement Depends On Robots

    Jun 15 2016

    How productivity increases due to robots and other technology enhancements should lead to both higher wages and higher investment portfolio returns, allowing workers to save enough to eventually retire. Show notes at

  • 111: How To Be A Minimalist Investor

    Jun 08 2016

    How to be a minimalist both in life and investing. To get the Portfolio Charts summary sheet, text the word PORTFOLIOS to 44222. Show notes at http://moneyfortherestofus.net/mny111-minimalist-investor/

  • 110: How To Protect Yourself From Bail Ins

    Jun 01 2016

    What are bail ins and how to protect yourself from them. Show notes at http://moneyfortherestofus.net/mny110-protect-bail-ins/

  • 109: Money Is A Time Machine

    May 25 2016

    How to shift money from the present to the future and vice versa in order strike an equitable balance between our present and future selves. Show notes at http://moneyfortherestofus.net/mny109-money-time-machine/

  • 108: Investing in Real Estate Via Crowdfunding Platforms

    May 18 2016

    What to consider when investing in commercial real estate via crowdfunding platforms. Show notes at http://moneyfortherestofus.net/mny108-investing-real-estate-crowdfunding-platforms/ To sign up for the free Insiders Guide, text the word INSIDER to 44222

  • 107: Work, Freedom and Leaving A Legacy

    May 11 2016

    How to find the balance between work, freedom, meaning and leaving a legacy. Show notes at http://moneyfortherestofus.net/mny107-work-freedom-financial-peril/

  • 106: How Worried Should You Be About the National Debt?

    May 04 2016

    Why some nations are at risk of default on their national debt and others are not. Plus why the U.S. national debt will never be repaid. Show notes at http://moneyfortherestofus.net/mny106-national-debt/

  • 105: How Corporate Profits Drive Stock Returns

    Apr 27 2016

    What drives corporate profits over time and how they contribute to long-term stock returns. Show notes at http://moneyfortherestofus.net/mny105-corporate-profits-drive-stock-returns/

  • 104: Is It Possible To Win At Trade?

    Apr 20 2016

    When a country runs a trade deficit is that a good or bad thing? It depends. Learn why in this episode. Show notes at http://moneyfortherestofus.net/mny104-possible-win-trade/

  • 103: How To Reenter the Stock Market

    Apr 13 2016

    Here are the three things you need to coax yourself back into the stock market if you are on the sidelines. Plus, why short-term market declines are difficult to accurately predict but bear market declines can often be anticipated and avoided. To get a U.S. stock market decline frequency and magnitude summary sheet, text the word "DECLINE" to 44222. Show notes at http://moneyfortherestofus.net/mny103-reenter-stock-market/

  • 102: What It Takes To Be A Value Investor

    Apr 06 2016

    Why the value style outperforms growth investing, and what are the attributes of successful value investors. Show notes at: http://moneyfortherestofus.net/mny102-takes-value-investor/ To get the article on growth investing mentioned in the episode, text the word "BUBBLE" to 44222.

  • 101: Why Markets and Economies Are Ceaselessly Creative and Radically Unpredictable

    Mar 30 2016

    How memes, stories, people, systems, goods and services mix and interact to create an expanding economic web that is ceaselessly creative and radically unpredictable. To sign up for the Insiders Guide, text the word INSIDER to 44222.

  • 100: Navigating a Negative Carry World

    Mar 23 2016

    How to invest and live in a radically unpredictable, low investment return world. Show notes at http://moneyfortherestofus.net/mny100-navigating-negative-carry-world/ To sign up for the Insiders Guide, text the word INSIDER to 44222.

  • 099: Money Is Story

    Mar 16 2016

    How money originated and why our relationship with money is driven by the stories we tell. Show notes at http://moneyfortherestofus.net/mny099-money-story/To sign up for the Insiders Guide, text the word INSIDER to 44222.

  • 098: Why You Need A Lifestyle Business

    Mar 09 2016

    How a lifestyle business can offset the impact of lower investment returns and contribute to a more sustainable economy. Show notes at http://moneyfortherestofus.net/mny098-need-lifestyle-business/ To sign up for the Insiders Guide, text the word INSIDER to 44222

  • 097: The Great Financial Crisis

    Mar 02 2016

    What caused the great financial crisis and how the lessons learned apply to our own financial lives. Show notes at http://moneyfortherestofus.net/mny097-great-financial-crisis/ To sign up for the free Insider's Guide, text the word INSIDER to 44222

  • 096: Five Wealth Lessons From A Stoic

    Feb 24 2016

    Rumors are always circulating about economic collapse. How the stoic philosopher Seneca would handle these predictions of calamity. To get the Seneca's 5 Wealth rules and supporting quotes, text the word "SENECA" to 44222. Show notes at http://moneyfortherestofus.net/mny096-five-wealth-lessons-stoic/

  • 095: Keep Investing Simple

    Feb 17 2016

    Steps to take to keep investing simple. Plus how changes in China are having spillover effects for global economic growth and asset class returns.

  • 094: How Money Is Created and Destroyed

    Feb 10 2016

    How federal governments allow banks to create the vast majority of the world's money supply, and why that erodes the value of money over time. Show notes at http://moneyfortherestofus.net/mny094-money-created-destroyed/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 093: Capitalism, Complexity and Cuba

    Feb 03 2016

    Why uncertainty and failure is necessary for a functioning economy and why Cuba is embracing both in its struggle to reform its economy. Show notes at http://moneyfortherestofus.net/mny093-capitalism-complexity-cuba/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 092: What Robo-advisors Recommend

    Jan 19 2016

    How do the leading robo-advisors compare in terms of their recommended portfolio mixes, fees, expected returns and risk. To get summary sheet of my robo-advisor review and sign up for the Insider's Guide text the word ROBOADVISOR to the number 44222.

  • 091: Demography Rules

    Jan 13 2016

    How the number of retirees compared to workers impacts economic growth, inflation and stock returns. Show notes at http://moneyfortherestofus.net/mny091-demography-rules/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 090: The True Cost and What It Takes To Be Retired

    Jan 06 2016

    Knowing what things truly cost can help us live like we are already retired. Show notes at http://moneyfortherestofus.net/mny090-trust-cost-takes-retired/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 089: How To Outperform The Market Without Predicting The Future

    Dec 30 2015

    How using smart beta and timing economic regime changes can lead to market outperformance. Show notes at http://moneyfortherestofus.net/mny089-outperform-market/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 088: Are You A Stock Or A Bond?

    Dec 23 2015

    Our total wealth includes both financial and human capital, which is the value of our future employment earnings. How to consider both in your asset allocation. Show notes at http://moneyfortherestofus.net/mny088-stock-bond/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 087: Is This Normal?

    Dec 16 2015

    How long-term trends in inflation, stocks and climate changed are hidden by short-term countertrends, creeping normalcy and myriad moving parts. Show notes at http://moneyfortherestofus.net/mny087-normal/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 086: Don't Be A Commodity

    Dec 09 2015

    How not to be a commodity even if you work in a commodity business. Plus, an update on commodities and master limited partnerships. Show notes at: http://moneyfortherestofus.net/mny086-commodity/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 085: Are You Home Country Biased?

    Dec 02 2015

    Why you should invest outside of your home country. Show notes at http://moneyfortherestofus.net/mny085-home-country-biased/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 084 Money Is Trust

    Nov 25 2015

    Why money requires trust and cooperation in order to function. What happens when trust disappears. Show notes at: http://moneyfortherestofus.net/mny084-money-trust/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 083: Please Save More

    Nov 18 2015

    Why individuals need to save more for retirement and how to figure out how much more you should save. Show notes at: http://moneyfortherestofus.net/mny083-please-save/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 082: Asset Returns When The Fed Raises Rates

    Nov 11 2015

    How have various asset classes performed when the Federal Reserve begins tightening by raising short-term interest rates. Show notes at: http://moneyfortherestofus.net/mny082-assets-return-fed-raises-rates/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 081: When Booms Turn To Busts

    Nov 04 2015

    What are the early warning signs a boom has turned to a bubble or the boom / bubble is about to burst. Case study: Australia. Show notes at http://moneyfortherestofus.net/mny081-booms-turn-bust/

  • 080: Investing Means Getting Lost

    Oct 28 2015

    Don’t be overwhelmed or play it too safe when it comes to investing and living. Show notes at http://moneyfortherestofus.net/mny080-investing-means-getting-lost/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 079: Lump Sums and Life Insurance

    Oct 21 2015

    Is it better to dollar cost average or invest a lump sum? And what type and how much life insurance should you buy. http://moneyfortherestofus.net/mny079-lump-sums-life-insurance/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 078: What If The Economy Stopped Growing Permanently

    Oct 14 2015

    How a zero-growth economy would impact investing, employment and lifestyle. It depends on whether the economy is flat lining due to population shrinkage or a willful choice to be less productive. Show notes at http://moneyfortherestofus.net/mny078-economy-stopped-growing-permanently/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 077: Does Ethical Investing Outperform the Market?

    Oct 07 2015

    Why ethical investing will underperform the stock market unless consumer behavior changes. Show notes at http://moneyfortherestofus.net/mny077-ethical-investing-generating-higher-returns/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 076: Should You Lend To Your Peers?

    Sep 30 2015

    How peer-to-peer lending works and what annualized return should you expect. Show notes at http://moneyfortherestofus.net/mny076-lend-peers/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 075: We Have To Invest Somewhere

    Sep 23 2015

    The biggest challenge facing Money For the Rest of Us listeners is how to allocate their assets in order to be able to retire. Show notes at http://moneyfortherestofus.net/mny075-invest-somewhere/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 074: Capital Flows Where It's Treated Best

    Sep 16 2015

    How investment capital seeks out the most attractive opportunities, and why that is causing China to dump some of its U.S. Treasury bonds. Show notes at http://moneyfortherestofus.net/mny074-capital-flows/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 073: Why You Shouldn't Trade

    Sep 09 2015

    How trading differs from allocating and why human traders have lost their edge to trading bots. Show notes at http://moneyfortherestofus.net/mny073-shouldnt-trade/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 072: Will A Robot Take Over Your Job?

    Sep 02 2015

    How robots and information technology are replacing humans at work and what we can do about it. Show notes at http://moneyfortherestofus.net/mny072-will-robot-takeover-job/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 071: Please Don't Panic

    Aug 26 2015

    When the stock market is falling, understanding market history and current conditions can help us make objective, less fear-driven investment decisions. Show notes at http://moneyfortherestofus.net/mny071-please-dont-panic/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 070: Rule #1 and the Investor's Journey

    Aug 19 2015

    Should you invest like Warren Buffet? How your temperament, experiences, interests and skills influence how you invest. Plus why most passive index investors unknowingly make active investment decisions. Show notes at http://moneyfortherestofus.net/rule-1-investors-journey/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 069: Do You Feel Financially Trapped?

    Aug 12 2015

    What to do when you feel financially hopeless. Show notes at http://moneyfortherestofus.net/mny069-feeling-financially-trapped/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 068: Why The Middle Class Is Stagnating

    Aug 05 2015

    How technology and too much free stuff is undermining the middle class. What can be done about it. Show notes at http://moneyfortherestofus.net/mny068-middle-class/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 067: When Investments Lose Money

    Jul 29 2015

    I share with you what questions to answer to decide whether you should sell, hold or buy more of an underperforming investment. Show notes at http://moneyfortherestofus.net/mny067-investments-lose-money/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 066: Impermanence and Winning by Not Losing

    Jul 22 2015

    Why focusing too much on the future and too little on the present can be dangerous. Show notes at http://moneyfortherestofus.net/mny066-impermanence-winning-losing/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 065: Greece - What Really Caused the Crisis and Why It Never Ends

    Jul 15 2015

    How the Greek depression and the euro crisis started with Greek citizens just wanting to buy a decent car. Show notes at http://moneyfortherestofus.net/mny065-greece-really-caused-crisis-never-ends/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 064: The Pitfalls of Private Real Estate Investing

    Jul 08 2015

    Should you invest in a rental property? Here are some things to consider and pitfalls to avoid. Show notes at http://moneyfortherestofus.net/mny064-pitfalls-private-real-estate-investing/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 063: Alarmists and the Economics of Collapse

    Jul 01 2015

    Why economic alarmists are dangerous, and what has to happen for the financial system or economy to collapse. Show notes at http://moneyfortherestofus.net/mny063-alarmists-economics-collapse/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY062: What Dying Bees Can Teach Us About Asset Bubbles and Income Inequality

    Jun 24 2015

    The link between honey bee colony collapse, asset bubbles and income inequality. Show notes at http://moneyfortherestofus.net/mny062-income-inequality/ ‎ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 061: How Much Should You Spend In Retirement?

    Jun 17 2015

    Why your retirement spending rate should vary over time based on individual and market circumstances. Show notes at http://moneyfortherestofus.net/mny061-retirement-spending/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY060: Are You Hoarding Or Investing?

    Jun 10 2015

    What is the difference between hoarding and investing. Most people do both. Show notes at: http://moneyfortherestofus.net/mny060-hoarding-investing/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY059: Is Gold Money?

    Jun 03 2015

    What are the three attributes of money and does gold have them? Show notes at http://moneyfortherestofus.net/mny059-gold-money.html To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY058: Are ETFs and Indexing Becoming Too Popular?

    May 26 2015

    What are the hidden risks of ETFs and passive investing. Sow notes at http://moneyfortherestofus.net/mny058-etfs/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY057: Live Like A Local When Traveling

    May 20 2015

    Hacks to live like a local when traveling including how to rent homes through Airbnb.com. Show notes at http://moneyfortherestofus.net/mny057-travel/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY056: Why We Need Volatility

    May 13 2015

    How we can thrive amidst volatility and not become complacent due to a false sense of stability. Show notes at http://moneyfortherestofus.net/mny056-volatility/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY055 - Are You Financially Fragile or Antifragile?

    May 06 2015

    How to gauge your financial fragility or vulnerability and how to be the opposite of fragile. Show notes at http://moneyfortherestofus.net/mny055-antifragile To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY054: Do You Live To Work Or Work To Live?

    Apr 29 2015

    Why you don't need money to have more freedom and happiness. Show notes at http://moneyfortherestofus.net/mny054-live-work/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY053: Should You Invest In Bitcoin?

    Apr 22 2015

    What you need to know about bitcoin in order use it and invest in it. Show notes at http://moneyfortherestofus.net/mny053-bitcoin/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY052: Why are interest rates so low, even negative in some places?

    Apr 15 2015

    What factors determine interest rates and why interest rates matters to the economy and your investment portfolio. Show notes at http://moneyfortherestofus.net/mny052-interest-rates/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY051: Is Deflation Coming?

    Apr 08 2015

    The world is flirting with deflation. How GDP growth, debt, population changes and exchange rates will determine whether a Great Depression like deflation is coming. Show notes at http://moneyfortherestofus.net/mny051-gdp-deflation/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY050: Navigating Early Retirement

    Apr 01 2015

    Navigating early retirement is less about money and more about allowing space and time for your true path to emerge. Show notes at http://moneyfortherestofus.net/mny050-early-retirement/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY049: Is Money Dying?

    Mar 25 2015

    Is monetary collapse imminent as some pundits say? Plus another look at gold and how to tell if a government's debt burden is unsustainable. Show notes at http://moneyfortherestofus.net/mny049-money-dying/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY048: Do You Have Too Little Invested In Stocks?

    Mar 18 2015

    How fear of another market crash may be causing you to keep your stock market allocation overly conservative despite evidence global stock markets are in a secular bull market. More info at http://moneyfortherestofus.net/mny048-secular-bull/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY047: Should You Invest For Income Or Total Return

    Mar 11 2015

    Why individuals should follow the lead of endowments and foundations and focus on total return investing. Show notes at http://moneyfortherestofus.net/mny047-income-total-return/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY046: Discover Your Investment Style

    Mar 04 2015

    How to begin investing and discover your investment style. Show notes at http://moneyfortherestofus.net/mny046-investment-style/

  • MNY045: Funding the Start Up of You

    Feb 25 2015

    With student loan default rates soaring, what are some education funding models besides debt. Plus is college even worth it? Show notes at http://moneyfortherestofus.net/mny045-education/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY044: Should You Pay Off Your Mortgage

    Feb 18 2015

    How a home mortgage can help you build real wealth. Plus what factors to weigh if you are considering paying off your mortgage. Show notes at http://moneyfortherestofus.net/mny044-mortgages/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY043: What Drives Home Prices?

    Feb 11 2015

    What investment return should you expect for your home and what leads to housing booms and bust. Show notes at http://moneyfortherestofus.net/mny043-home-prices/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY042: All Countries Are Insolvent and That's A Good Thing

    Feb 04 2015

    Why all federal governments are insolvent but investors still line up to buy government debt at low interest rates. Show notes at http://moneyfortherestofus.net/mny042-insolvency/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY041: The Cult of Overwork

    Jan 28 2015

    Why overworking is so dangerous and why leisure is on a completely different plane from work. Show notes at http://moneyfortherestofus.net/mny041-overwork/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY040: Should You Invest In Commodities?

    Jan 21 2015

    What you need to consider before investing in oil and other commodities. Two schools of thought regarding the direction of oil prices. Show notes at http://moneyfortherestofus.net/mny040-commodities/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY039: What Drives Currency Exchange Rates

    Jan 14 2015

    Why currencies fluctuate, what are the impacts and should you hedge against currency movements. Show notes at http://moneyfortherestofus.net/mny039-currency-exchange/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY038: How To Invest Like A Hedge Fund

    Jan 07 2015

    What are hedge funds and how can individual investors apply strategies from top-tier hedge funds to their own portfolios. Show notes at http://moneyfortherestofus.net/mny038-hedge-funds/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY037: Gold - Without the Hype and Politics

    Dec 31 2014

    Why and how to invest in gold. Show notes at http://moneyfortherestofus.net/mny037-gold/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY036: How Wealthy Are You?

    Dec 24 2014

    Wealth can be measured in more than money. Wealth is also time and mobility. Show notes at http://moneyfortherestofus.net/mny036-wealthy/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY035: Investment Performance - What You Need To Know

    Dec 17 2014

    Power laws, fractals and investor psychology. Why security prices behave like they do. Show notes at http://moneyfortherestofus.net/mny035-investment-returns/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY034: Investing Rules of Thumb

    Dec 10 2014

    Why simple investment rules are more accurate than complex formulas. Show notes at http://moneyfortherestofus.net/mny034-rules-of-thumb/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 33: To Retire Early, Mind the Gap

    Dec 03 2014

    The simple formula to sustain an early retirement without running out of money. Show notes at https://moneyfortherestofus.com/mny033-mind-the-gap/

  • MNY032: Die Broke

    Nov 26 2014

    How to deplete most of your assets before you die by using single premium immediate annuities. Show notes at http://moneyfortherestofus.net/mny032-broke/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY031: The Role of Luck In Success

    Nov 19 2014

    How luck and skill intertwine to make you successful. Show notes at http://moneyfortherestofus.net/mny031-role-luck-success To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY030: Are You Sure You're Diversified?

    Nov 12 2014

    How to tell if your investment portfolio is really diversified. Hint: Don't focus on correlation. Show notes at http://moneyfortherestofus.net/mny030-diversification/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY029: Quantitative Easing - A Big, Fat, Dangerous Placebo

    Nov 05 2014

    Why quantitative easing is both a financial placebo and an unpredictable game of musical chairs. Show notes at http://moneyfortherestofus.net/mny029-quantitative-easing/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • MNY028: Live By Your Own Financial Rules

    Oct 29 2014

    There are no hard-and-fast financial rules other then don't cause yourself irreparable financial harm. Show notes at http://moneyfortherestofus.net/mny028-own-rules/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

  • 27: What Is The Right Price?

    Oct 22 2014

    The right price for something is dependent on our state of mind. Anchoring, mental accounts and other behavioral tricks we rely on when buying. Show notes at https://moneyfortherestofus.com/mny027-right-price/

  • 26: Why Are Stocks Falling? - A Story

    Oct 15 2014

    How stories drive the financial markets and why markets are currently declining. Show notes at https://moneyfortherestofus.com/mny026-stories/

  • 25: Are You A Materialist?

    Oct 08 2014

    Why paying more for what you buy not only helps the economy but enriches your life. Plus why we prefer things that are wabi sabi. Show notes at https://moneyfortherestofus.com/mny025-materialist/

  • 24: Timeshares, Preppers and Permanent Portfolios

    Oct 01 2014

    What are the economics behind vacation timeshares, how to implement a permanent portfolio and has the stock market ever taken decades to recover from a major sell-off? Show notes at https://moneyfortherestofus.com/mny024-permanent-portfolios/

  • 23: Smart Beta - What Is It and Should You Use It?

    Sep 24 2014

    What is the difference between beta, smart beta and alpha when investing. Plus, what are the different ways to index a portfolio, and why it's easier to be a successful investor by focusing on things that won't change rather than trying to predict what will. Show notes at https://moneyfortherestofus.com/mny023-smart-beta/

  • 22: Will Interest Rates Ever Increase?

    Sep 17 2014

    What causes interest rates to rise and fall, and what can you do to adjust your investment portfolio when interest rates begin climbing. Show notes at https://moneyfortherestofus.com/mny022-interest-rates/

  • 21: Investing Without A Map

    Sep 10 2014

    I share my own portfolio as an example of investing without a map. Plus why I don't use peer-to-peer lending platforms such as the Lending Club and Prosper. Show notes at https://moneyfortherestofus.com/mny021-no-map/

  • 20: How To Allocate Your Assets

    Sep 03 2014

    What you need to know about asset allocation, including the flaws in modern portfolio theory. Show notes at <iframe src="https://art19.com/shows/af988101-e0ae-4c9c-b552-cd64e62c123d/episodes/2a55f0ed-6c5a-4358-bd81-dd0a1393083d/embed" style="width: 100%; height: 200px; border: 0 none;" scrolling="no"></iframe>

  • 19: Live Like You're Already Retired

    Aug 27 2014

    A traditional thirty year retirement will be out of reach for most people. Here's how to live like you're already retired. Show notes at https://moneyfortherestofus.com/mny019-retired/

  • 18: Which Investment Vehicles Should You Use?

    Aug 20 2014

    How do closed end funds, open end mutual funds, exchange traded funds ("ETFs") and exchange traded notes ("ETNs") differ and when should you use each one. Show notes at https://moneyfortherestofus.com/mny018-investment-vehicle/

  • 17: Why China Matters To Your Pocketbook

    Aug 13 2014

    How China's stunning economic growth impacts everything from how much you pay for gas and burgers to what you can earn investing. Show notes at https://moneyfortherestofus.com/mny017-china/

  • 16: The World Is Getting More Risky

    Aug 06 2014

    What is risk and how do you manage it so you can protect against the downside and capture the upside. Plus, why the world is more risky and what to do about it. Show notes at https://moneyfortherestofus.com/mny016-risk/

  • 15: Stop Worrying About the Next Market Crash

    Jul 30 2014

    Discover the four things you can do to stop worrying about financial calamities. Show notes at https://moneyfortherestofus.com/mny015-market-crash/

  • 14: Are You A Complacent Investor?

    Jul 23 2014

    Has the Federal Reserve and other central banks led you to be complacent about risk? Plus, I share an investment strategy with surprisingly good returns. Show notes at https://moneyfortherestofus.com/mny014-complacent-investors/

  • 13: Are You Saving Enough To Retire Early?

    Jul 16 2014

    How to know if you are saving too much or too little for retirement. Show notes at https://moneyfortherestofus.com/mny013-saving-enough/

  • 12: Currency Trading, Petrodollars and Monetary Collapse

    Jul 09 2014

    What you need to know if you want to trade currencies. Also, will the dollar collapse? Show notes at https://moneyfortherestofus.com/mny012-currency/

  • 11: Bank Runs, Repos and Your Retirement

    Jul 02 2014

    How bank runs were a leading cause of the global financial crisis and why it could happen again. Show notes at https://moneyfortherestofus.com/mny011-repo/

  • 10: You'll Never Be Rich, But You Can Live Like You Are

    Jun 26 2014

    How to live like your rich without the money. Show notes at https://moneyfortherestofus.com/mny010-rich/

  • 9: What Investment Rate of Return Can You Expect?

    Jun 19 2014

    Expected portfolio returns are currently very low. Why that is and what should you do about it. Plus learn how to calculate the expected return for your portfolio. https://moneyfortherestofus.com/mny009-expected-return/

  • 8: What If Everyone Worked Only Four Hours Per Day?

    Jun 12 2014

    We can have sustainable economic growth and a thriving stock market while working less and enjoying life more. Show notes at https://moneyfortherestofus.com/mny008-four-hours/

  • 7: Predicting the Economy and the Stock Market. Can It Be Done?

    Jun 06 2014

    Is it possible to successfully predict the future? Every investor has three choices. They can ignore the future, predict the future, or react as the future unfolds into the present. In this podcast, we'll take a close look at each of these strategies and what it takes to be successful at each one. Show notes at https://moneyfortherestofus.com/mny007-predicting/

  • 6: Why You Should Care About the Economy

    May 30 2014

    Most people don't understand what the economy is, how it grows and what causes recessions. Nor do they care. This episode describes in simple terms how the economy works and why you should care so you can influence the quality of economic growth and its impact on the Earth's limited resources. Show notes at https://moneyfortherestofus.com/mny006-care-about-economy/

  • 5: The True Cost of a Thing

    May 20 2014

    The price of something does not always reflect its true cost, both to ourselves and to society. Through the eyes of Henry David Thoreau and a discussion of why I no longer shop at dollar stores, you'll discover the true cost of a thing. https://moneyfortherestofus.com/mny005-true-cost-of-a-thing/

  • 4: Seesaws, Budget Deficits and the National Debt

    May 19 2014

    If you understand how a seesaw works, then you'll be one of the few who understands why we need both federal budget deficits and the national debt. Show notes at https://moneyfortherestofus.com/seesaws-budget-deficits-and-the-national-debt-004/

  • 3: Should You Invest In Individual Stocks?

    May 18 2014

    Why investing in individual stocks can be so intoxicating and dangerous. What you should know before you try. Show notes at https://moneyfortherestofus.com/should-you-invest-in-individual-stocks-003/

  • 2: What Causes Inflation and Deflation?

    May 17 2014

    Studies show most people have no idea what inflation is and what to do about it. Don't be one of those people. Show notes at https://moneyfortherestofus.com/what-causes-inflation-and-deflation-002/

  • 1: What Is Money?

    May 15 2014

    How banks and governments create money out of thin air, and what you should do about it. Show notes at https://moneyfortherestofus.com/what-is-money-001/