Money Pod

Money Pod

By Jackson WoodBusinessInvesting
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Money Pod episodes

  • 13. Student Loan Forgiveness, Passive Investing, What I Wish They Taught Me
    Topics covered in Episode 13
    6:58 – Student Loan Forgiveness Rejection
    https://www.npr.org/2019/09/05/754656294/congress-promised-student-borrowers-a-break-then-ed-dept-rejected-99-of-them
    https://www.forbes.com/sites/zackfriedman/2019/05/01/99-of-borrowers-rejected-again-for-student-loan-forgiveness/#1900572ab16b
    17:36 – Active Investing surpassed by Passive Investing
    https://www.bloomberg.com/news/articles/2019-09-11/passive-u-s-equity-funds-eclipse-active-in-epic-industry-shift
    30:04 Q&A
    What do you wish you’d learned in school about taxes?
    What do you wish you’d learned in school about the value of time?
    46:14 - Advisor Pick of the Week
    Davy recommends decluttering, which is the process of getting rid of things that you don’t need! You can check out some basic tips here: https://www.thespruce.com/decluttering-your-entire-home-2648002
    Jackson recommends picking a physical challenge that pushes you outside of your comfort zone, be it a race, hitting the gym, or signing for a new class.
    ---------------------------
    We're starting a fun new segment on the podcast called "What I Wish They Taught Me." We're going to talk about money topics that you wish they were teaching in school. We'd love to hear your stories and experiences. 
    Tweet us your stories at www.twitter.com/jacksonwoodHQ or use the hashtag #WhatIWishTheyTaughtMe to tell your story. We look forward to hearing what you have to say.
    Please give us a rating and review. 
    Thank you for listening! 
    Subscribe to the best email list in finance!
    51 min
  • 12. Net Worth, Tesla and Elon Musk, Vegan Chicken, Q&A

    Topics covered in Episode 12

    • 1:33 - Net Worth Percentile Calculator -
      • https://dqydj.com/net-worth-percentile-calculator-united-states/
      • 14:20 - Tesla and SolarCity -
        • https://www.vanityfair.com/news/2019/08/how-elon-musk-gambled-tesla-to-save-solarcity
        • 22:26 - Vegan Chicken, KFC -
          • https://www.livekindly.co/customers-line-up-down-the-street-for-vegan-kfc/
          • 31:02 - Q&A -
            • Buying a house at 18 years old
            • Best and quickest way to tackle debt
            • How much should I have saved for retirement in 30 years
            • 43:40 - Advisor Pick of the Week
              • David recommends a Kansas Album
                • https://www.youtube.com/watch?v=9iDcfG--m2Q
                • Jackson recommends watching John Wick 3

                • Thank you for listening!


                  Subscribe to the best email in finance here: http://bit.ly/2NQz8EZ


                  See ya next week! 

                  49 min
                • 11. Cryptocurrency, Popeyes, Credit Cards, Q&A

                  Topics covered in Episode 11

                  • 1:15 – Cryptocurrency discussion –
                    • https://medium.com/@nic__carter/fifteen-dead-cryptocurrency-predictions-twelve-months-on-d08e7b310ff1
                    • 22:40 – Popeye’s Chicken launching a sandwich
                      • https://www.usatoday.com/story/money/food/2019/08/19/popeyes-and-chick-fil-chicken-sandwiches-battle-heats-up/2054989001/
                      • 28:30 Simon-Erlich Wager
                        • https://en.wikipedia.org/wiki/Simon%E2%80%93Ehrlich_wager
                        • 37:30 Q&A
                          • How to save for the future with a toddler, and I’ve already cut non-essential expenses?
                          • In your opinion, what are the top two ways to build wealth?
                          • Should I pay off my zero-interest credit cards, or let the wealth build up in savings accounts?
                          • 35:10 - Advisor Pick of the Week
                            • Davy recommends Basic Economics, a book by Thomas Sowell about how to approach the topic for a layperson: https://www.youtube.com/watch?v=dQiBD-crrvA
                            • Jackson recommends the recent heavyweight match between Stipe Miocic and Daniel Cormier!
                            • Subscribe to the best weekly email in finance: http://bit.ly/2NQz8EZ


                              Thanks for listening! 

                              55 min
                            • 10. Market Crash, Walmart vs. GE, Buying a Home, Q&A

                               Topics covered in Episode 10

                              • 1:44 – US market and world market discussion – 
                                • https://www.bloomberg.com/news/articles/2019-08-15/argentina-markets-terrible-horrible-week-finally-gets-better
                                • https://markets.businessinsider.com/news/stocks/walmart-stock-price-jumps-on-earnings-beat-and-increased-outlook-2019-8-1028449891
                                • https://markets.businessinsider.com/news/stocks/ge-stock-madoff-whistleblower-markopolos-calls-it-worse-than-enron-2019-8-1028450117
                                • 19:44 – Article Discussion – Online ads
                                  • https://www.nytimes.com/2007/01/15/business/media/15everywhere.html
                                  • https://stopad.io/blog/ads-seen-daily
                                  • 28:13 Q&A
                                    • With the inverted yield curve, should we be waiting to buy a home in Bozeman, MT? 
                                    • How two teachers should work to pay down student loans.
                                    • 35:10 - Advisor Pick of the Week
                                      • Davy recommends AdBlock, so you can stop seeing ads everywhere: https://adblockplus.org/
                                      • Jackson recommends a new single by Tool, Fear Inoculum: https://www.youtube.com/watch?v=q7DfQMPmJRI

                                      • Subscribe to the best email in finance: http://bit.ly/2NQz8EZ

                                        41 min
                                      • 9. Domino's vs Pizza Hut, Magic Indian Rituals, Lots of Q&A
                                        Topics covered in Episode 9
                                        ● 1:18 - Article Discussion - “Taco Bell faced a barrage of complaints after its Palm Springs hotel sold out in 2 minutes“ – https://markets.businessinsider.com/news/stocks/taco-bell-complaints-palm-springs-hotel-sold-out-2-minutes-2019-8-1028408852
                                        ● 4:20 – Food Discussion - Pizza Hut vs. Dominos, and why Davy is right (because he writes the show notes)
                                        ● 10:36 – Article Discussion – “The Problem With FIREing At 4% And The Need For Flexible Spending Rules” - https://www.kitces.com/blog/the-problem-with-fireing-at-4-and-the-need-for-flexible-spending-rules/
                                        ● 17:45 – Article Discussion – “Dawn Bennett sentenced to 20 years in federal prison” - https://www.investmentnews.com/article/20190731/FREE/190739982/dawn-bennett-sentenced-to-20-years-in-federal-prison?utm_source=twitter&utm_medium=social&utm_campaign=socialflow
                                        ● 25:14 Q&A
                                        401(k) – should you contribute to that, or elsewhere?  
                                        What do you do when one person is a relationship is saving oriented, and the other is a spender?
                                        Are high interest savings accounts good for saving for a home? 
                                        What should I look for when finding a good lender as a first time home buyer? 
                                        How much should I accumulate in my debit account before moving out of my parents’ house? 
                                        How can I get my husband to follow our budget? 
                                        What is the smartest way to get rid of credit card debt? 
                                        ● 35:10 - Advisor Pick of the Week
                                        Davy recommends Flower for Algernon, a short story about intelligence, self-awareness, and our place in the world: https://www.sdfo.org/gj/stories/flowersforalgernon.pdf
                                        Jackson recommends The Courage to be Disliked: https://www.amazon.com/Courage-Be-Disliked-Phenomenon-Happiness/dp/1501197274/ref=asc_df_1501197274/?tag=hyprod-20&linkCode=df0&hvadid=245369089410&hvpos=1o1&hvnetw=g&hvrand=11301795237024245766&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=1016216&hvtargid=pla-554722105364&psc=1
                                        51 min
                                      • 8. Pensions are screwed, Skiing at 100, Q&A
                                        Topics covered in Episode 8
                                        ● 1:13 - Article Discussion “Plan to save truckers' and miners' pensions is running out of time “– https://www.msn.com/en-us/money/markets/plan-to-save-truckers-and-miners-pensions-is-running-out-of-time/ar-AAEQA6y
                                        ● 10:53 – Article Discussion – GRindexing - https://kc-roi.com/blog/grindexing
                                        ● Q&A
                                        ○ 18:38 – Is it good to pre-pay for a funeral or funerary expenses?
                                        ○ 22:39 – Is it worth it contribute to my husband’s 401(k), given that we are living paycheck to paycheck?
                                        ● 28:00 – Discussion of the Federal Reserve Meeting, and the potential impacts of a rate change
                                        ● 35:10 - Advisor Pick of the Week
                                        ○ Davy recommends the Oxford Union Talks, a series of long-form interviews and debates from Oxford University: https://www.youtube.com/user/OxfordUnion
                                        ○ Jackson recommends Comedians in Cars Getting Coffee, a series by Jerry Seinfeld where he talks about life with comedians of all ages: https://www.netflix.com/title/80171362
                                        44 min
                                      • 7. Gold Medals, 100k Net Worth, Blue Apron, Q&A

                                         Topics covered in Episode 7

                                        • 3:40 - Beyond Meat vs. Blue Apron – the danger of gambling on IPOs
                                        • 9:06 – Article Discussion – 5 Ways Your Health Can Affect Your Money - https://www.forbes.com/sites/learnvest/2015/01/22/5-ways-your-health-can-affect-your-money/#3e3a1d9e28b6
                                        • 14:10 – Reddit thread discussion – https://www.reddit.com/r/financialindependence/comments/cdu8k5/32_black_woman_single_mom_raised_in_hood_drug/?utm_source=share&utm_medium=ios_app
                                        • Q&A
                                          • 22:00 – Mutual Funds, the Robinhood App, and is a Recession Coming? 
                                          • 28:05 – The Acorn app, and should I should use index funds? 
                                          • 35:35 - Advisor Pick of the Week
                                            • Davy recommends Factfulness, a book by a world-famous doctor on how our perception of the world is almost certainly wrong: https://www.amazon.com/dp/B0756J1LLV/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
                                            • Jackson recommends an article regarding pessimism: https://www.collaborativefund.com/blog/the-seduction-of-pessimism/
                                            • Thank you for listening!

                                              Don't forget to subscribe to the best email list in finance: http://bit.ly/2NQz8EZ

                                              40 min
                                            • 6. Millennials Kill Everything, Buying a Home, Q&A

                                              Topics covered in Episode 6

                                              • 1:40 - Fiduciary issue with CFP designation holders (https://www.investopedia.com/what-is-the-sec-s-regulation-bi-best-interest-rule-4689542)
                                              • 6:58 - Trends that will End with Baby Boomers
                                              • 16:50 - Pete the Planner and whether or not 30 year mortgages are worth it
                                              • Q&A
                                                • 23:00 - What are the best finance books?
                                                • 26:10 - Used car or new car?
                                                • 31:20 - Advisor Pick of the Week
                                                  • Davy recommends kettle bells, an alternative to dumbbell or barbell workouts that give you a tremendous amount of flexibility in workout options while letting you perform tons of compound lifts.
                                                  • Jackson recommends turning your phone off and going on a walk with people you love! 

                                                  • Thank you for listening!

                                                    Don't forget to subscribe to the best email list in finance: http://bit.ly/2NQz8EZ

                                                    37 min
                                                  • Bonus - 1. Balancing Money and Life
                                                    Show notes from The Nativist Podcast
                                                    ---------------------------------------------------
                                                    I’ve said it before and I’ll say it again: 
                                                    Life is about balance. 
                                                    I sit down with money guru Jackson Wood to discuss how to be financially responsible while still, you know…LIVING LIFE. 
                                                    If you want to be smart with your money without compromising on the pleasures in life, this is your jam.
                                                    Prepare to be monetarily motivated. 
                                                    You can find Jackson Wood at:
                                                    Website: https://liftoffplanning.com/
                                                    Instagram: www.instagram.com/jacksonwoodHQ
                                                    ---------------------------------------------------
                                                    Link to The Nativist: https://www.thenativist.net/podcast
                                                    Thanks for listening!
                                                    55 min
                                                  • 5. Recession(?), Spending Money, Q&A

                                                    Topics covered in Episode 5

                                                    • 1:35 - US Jobs Report released
                                                    • 8:10 - Article discussion - Segmenting Retirement Expenses Into Core Vs. Adaptive To Create Retirement Buckets - https://www.kitces.com/blog/retirement-buckets-essential-discretionary-core-adaptive-bridge/
                                                    • 19:35 Q&A
                                                      • 13:49 - Do you pursue real estate investments that cash flow and pay you monthly? 
                                                      • 17:27 - How do you pick a financial planner, and how much do they charge? 
                                                      • 23:34 - Does putting money in an IRA lower your tax burden?
                                                      • 34:40 - Advisor Pick of the Week
                                                        • Davy recommends mint.com, a free website that lets you track the basics of your finances. 
                                                        • Jackson recommends blue light blocking glasses, which help filter out light frequencies that disrupt your sleep schedule.
                                                        • 34 min

                                                        About Money Pod

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                                                        A podcast designed to help you understand all things related to money and personal finance.