Money For the Rest of Us
495 episodes - English - Latest episode: 10 days ago - ★★★★★ - 1.3K ratingsA 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
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Episodes
Should You Pay Off Debt Or Invest?
January 17, 2018 15:38 - 28 minutes - 25.8 MB#188 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 Summary At some point in our ...
Do You Have Dollars and Sense?
January 10, 2018 16:39 - 26 minutes - 24.5 MB#187 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 Summary When 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...
Why Do We Pay Taxes?
January 03, 2018 16:34 - 28 minutes - 26.4 MB#186 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 ar...
Introducing Topics by Money For the Rest of Us
December 27, 2017 15:22 - 3 minutes - 2.79 MBThere 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. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
A Conversation On Retirement With Jason Parker - Year End Special
December 20, 2017 16:39 - 30 minutes - 27.8 MBA wide ranging discussion on retirement math, sequence of return risk, investing buckets, scaling exposure to Bitcoin and gold, and creating a lifestyle business. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Are U.S. States Just Like Greece?
December 13, 2017 16:43 - 26 minutes - 24.4 MB#185 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. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Massive Job Losses Are Inevitable But There Will Still Be Work
December 06, 2017 16:48 - 30 minutes - 27.7 MB#184 Why technology eliminates jobs but doesn't increase the level of unemployment even though for more than 50 years that has been the worry. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How To Invest In Commercial Real Estate
November 29, 2017 16:14 - 35 minutes - 32.4 MB#183 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. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Was Tulipmania Just Like Bitcoin?
November 22, 2017 16:47 - 28 minutes - 25.9 MB#182 What caused tulip mania in the 17th century in the Netherlands and how is it similar to Bitcoin? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Does Illegal Immigration Help or Hurt the Economy?
November 15, 2017 16:50 - 31 minutes - 29 MB#181 What is the economic impact of illegal immigration. What would be the cost and impact of mass deportation. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Can You Outperform Harvard's Endowment?
November 08, 2017 16:39 - 33 minutes - 30.4 MB#180 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? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Free Markets and the Great Famine
November 01, 2017 15:41 - 40 minutes - 37.2 MB#179 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. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Japan the Impact of a Shrinking Population
October 25, 2017 15:03 - 28 minutes - 26.2 MB#178 How a country’s working age population growth impacts economic growth and stock returns. What Japan can do about its population decline. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How Business Contributes To Income Inequality
October 18, 2017 11:57 - 29 minutes - 27.4 MB#177 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. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Are 60 Percent of Americans Insolvent?
October 11, 2017 12:22 - 31 minutes - 28.5 MB#176 What percent of Americans are insolvent and what makes data trustworthy. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How To Conduct Investment Due Diligence
October 04, 2017 14:47 - 29 minutes - 27.2 MB#175 What attributes should you look for in analyzing an investment advisory firm, financial planner, investment partnership, crowdfunding platform or other investment related offerings. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Navigating Modern Life Like The Amish
September 27, 2017 14:29 - 24 minutes - 22.4 MB#174 What the Amish can teach us about adopting new technology without being overwhelmed. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Should You Invest Based On Economic Cycles?
September 20, 2017 15:43 - 31 minutes - 28.8 MB#173 What are some of challenges of investing using long-term economic cycles. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Equifax Aftermath—Should You Freeze Your Credit To Protect Against Identity Theft?
September 13, 2017 15:31 - 27 minutes - 24.7 MB#172 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. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The Extraordinary Impact of Cities
September 06, 2017 15:34 - 30 minutes - 28 MB#171 Why cities are the primary driver of economic growth and why do they outlive companies. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Are Financial Markets Efficient?
August 30, 2017 15:49 - 32 minutes - 29.3 MB#170 Why investment markets can be both efficient and inefficient depending on the environment, and how that should impact your investing. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Eclipse Special: The Sound of the Totality From Idaho
August 23, 2017 14:50 - 10 minutes - 9.36 MBA short episode on the August 2017 solar eclipse as it happened. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The Debt Ceiling—What Happens If the U.S. Defaults
August 16, 2017 15:26 - 28 minutes - 25.7 MB#169 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. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Is Life More Difficult For Millennials?
August 09, 2017 15:45 - 26 minutes - 23.9 MB#168 How being a millennial is both different and the same from young adults of earlier generations. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Is Bitcoin Better At Money Than The Dollar?
August 02, 2017 15:39 - 32 minutes - 29.8 MB#167 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. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Do We Really Need Growth?
July 26, 2017 14:03 - 28 minutes - 25.8 MB#166 Why enterprises, industries, and economies can't grow at all costs but need to enrich humanity and strive for permanence and sustainability through regeneration. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Why Do We Invest? It's Not Just For Return
July 19, 2017 15:34 - 29 minutes - 27.4 MB#165 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. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Optionality—When To Keep Your Options Open and When To Commit
July 12, 2017 15:50 - 27 minutes - 25.1 MB#164 How to use the asymmetric payoff of options, trial and error, and commitments to better yourself financially and in other areas of your life. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Vacation Special: A Conversation With Roger Whitney, The Retirement Answerman
July 05, 2017 16:00 - 31 minutes - 28.5 MBA 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. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Is There An Indexing Bubble?
June 28, 2017 15:50 - 29 minutes - 27.4 MB#163 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. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Is Inflation A Good Thing?
June 21, 2017 15:15 - 31 minutes - 29.3 MB#162 What causes inflation and why do central banks allow it to persist instead of having a 0% inflation target. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What You Need To Know About Retirement Calculators
June 14, 2017 15:59 - 30 minutes - 27.6 MB#161 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. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Why Ethical Consumption Is Myth
June 07, 2017 15:41 - 26 minutes - 24.3 MB#160 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. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Vacation Special: A Conversation with Michael Port
May 31, 2017 16:08 - 1 hour - 58.3 MBIn this interview with Michael Port, we discuss asset allocation, business, healthcare, minimalist investing, roboadvisors, our emotional relationship with money, and selecting a financial advisor. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
What You Need To Know About Volatility
May 24, 2017 15:54 - 28 minutes - 26 MB#159 What is volatility, what determines it and how to invest in it. But should you? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How To Invest Like A Cockroach
May 17, 2017 15:45 - 25 minutes - 23.8 MB#158 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. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-...
The Most Important Economic Question Of Our Time
May 10, 2017 15:16 - 30 minutes - 27.9 MB#157 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? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Your Job Or Half Your Business Could Be Gone Tomorrow
May 03, 2017 15:24 - 28 minutes - 25.9 MB#156 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. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Clues To The Next Financial Crisis
April 26, 2017 15:19 - 29 minutes - 27.4 MB#155 How panic caused the great financial crisis and what to look for to see if it is happening again. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Do Homeowner Tax Breaks Cause Homelessness?
April 19, 2017 15:28 - 28 minutes - 26.1 MB#154 How a transitioning economy, government regulation and tax policy have contributed to stagnating wages, rising housing costs, and homelessness. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Will Social Security Go Bankrupt?
April 12, 2017 15:45 - 29 minutes - 26.9 MB#153 Why Social Security will not collapse and the four actions government can take to make sure it won’t. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
You Know Less Than You Think
April 05, 2017 12:55 - 29 minutes - 26.8 MB#152 How simple rules, just-in-time learning and checking your understanding can help you make better financial decisions. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Amazon Impacts Everything
March 29, 2017 15:37 - 27 minutes - 25.3 MB#151 How even index fund investors have a big stake in the Amazon revolution. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Finding Your Perfect Match
March 22, 2017 15:31 - 28 minutes - 26.4 MB#150 How to navigate matching markets where price alone doesn’t determine the outcome. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Do You Have Enough To Retire?
March 15, 2017 15:23 - 30 minutes - 27.7 MB#149 How to estimate how long your assets will last in retirement and the steps you can take to take make them last longer. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Is Your Financial Advisor Loyal To You?
March 08, 2017 16:10 - 28 minutes - 26.5 MB#148 Why some financial advisors must show undivided loyalty to you while others can have undisclosed conflicts of interest. How to tell the difference. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Is Infrastructure A Good Investment?
March 01, 2017 16:36 - 29 minutes - 27.4 MB#147 How to invest in infrastructure assets and why there is a perpetual infrastructure "crisis". See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
How To Decide What To Buy
February 22, 2017 16:48 - 26 minutes - 24.1 MB#146 How to optimize your purchase decisions and why eliminating negatives can increase happiness more than buying more stuff. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
People Like Us Invest Like This
February 15, 2017 14:07 - 27 minutes - 25.1 MB#145 Our view of the world dictates how we should and should not invest. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Trade Deficits Aren't Always Bad. Trade Wars Are
February 08, 2017 16:23 - 28 minutes - 25.7 MB#144 What causes trade deficits and how they can both help and hurt a country's economy. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.