Pay Me In Coffee Podcast

This week I continue with my 25 lessons from 25 years of living.
13. Things take longer to change than we expect. 
14. You can’t eat passion. 
15. Maslow’s Hierarchy. 
16. Outcomes should be modelled on a spectrum, not binary. 
17. It’s the black swan that slays the grey goose. 
18. Knowledge is everywhere, but Wisdom is scarce. 
19. Keep it simple, but remember most things in life will remain complex. 
20. People try to learn from their failures, but seldom analyse their successes. 
21. The ability to do nothing is an underappreciated skill. 
22. People don’t want to change - deal with it. 
23. Ultimately, the only opinion that matters is the Lords. 
24. Risk aversion means managing risk and comparing different options. 
25. Growth means discomfort. 

To celebrate my 25th birthday, I will be sharing 25 lessons with you guys over the next two weeks. In this episode, I share 12 ranging from relationships, to investing, to passion.
1. Life is terribly short - especially when you have to drink cheap coffee. 
2. Criticise by profession, praise by name. 
3. The way we spend our days is ultimately how we live our lives. 
4. Bad things only happen when you’re uninsured. 
5. You cannot predict the future, yet your success as an investor is predicated on you predicting the future and being correct. 
6. In a world full of anger and fear, sometimes people just want to be heard. 
7. No one really knows what they’re doing, so stop putting pressure on yourself. 
8. Desperation will kill your sales, investments and relationships. 
9. Fix your house before you go out and try to change the world. 
10. The first 3rd of my life I spent worrying about what people thought of me, the 2nd not caring, and in the 3rd I realised they were never thinking about me in the first place. 
11. Everything comes in cycles and you choose which cycles to be a part of. 
12. Passion follows proficiency. 

This week I discuss some of the news coming out about inflation in US. Are higher inflation rates here to stay and what can we do to position out portfolio against higher infaltion.

Notes
EP23: Should You Invest In Gold?
Inflation-Linked Bonds issued by the South African Government
The Financial Times - ‘Kind of crazy’: how the booming US used-car market is driving inflation”
Business Insider - “Millennials are getting screwed again by their 2nd housing crisis in 12 years”
Warren Buffett's 1979 Letter to Shareholders
JP Morgans Guide to the Markets as of March 31

In this week's episode, I give a summary of Warren Buffett's 2020 annual letter to shareholders. If you don't already know, Buffett is the chairman and CEO of the massively successful Berkshire Hathaway and has the greatest investing record ever tallied, spanning 56 years at an average annual growth rate of 20%.

I discuss the business of Berkshire, conglomerates and why you get what you put out into the world. Here are some links to useful content as well:

Show Notes:
2020 Letter to Shareholders: https://www.berkshirehathaway.com/letters/2020ltr.pdf
2012 Letter to Shareholders discussing insurance in detail: https://www.berkshirehathaway.com/letters/2012ltr.pdf

This week is a bit of an unconventional podcast episode. Instead of my usual talk on investing and money, this week is a word of encouragement. To all those who see themselves in a dark place, or you just feel like life is passing you by, this one is for you.

This week I discuss dividend stocks: (i) what has their performance been, (ii) why they might be a good addition to your portfolio and (iii) some risks to watch out for.

Show Notes:
Article: The Power of Dividends: Past, Present, and Future
Article: 5 Reasons to Be a Dividend Growth Investor
Article: How to Invest in Dividend Stocks: A Guide to Dividend Investing
Podcast Episode: EP17: How Much Do You Need To Retire?

In this episode, I explore the rather new problem of one household with the option of having 2 incomes. While it might sound like an easy math problem (2 are better than 1), there's a bit more nuance in how it actually works out.

Notes:
BLS Data: Comparing characteristics and selected expenditures of dual- and single-income households with children
Article: Why Two Incomes Aren’t Always Better Than One

This week we dive into the Coreshares S&P500 Feeder ETF. This ETF tracks a basket of the 500 largest US companies by market cap and has done phenomenally well in the past decade.

Links:
ETF: Coreshares S&P500 Feeder ETF
Index: S&P500 Index

This week, I have Brendan Dale of the popular finance blog, Take Charge of Your Money. In this episode, we discuss how he came to realise he was in some serious money problems, what he had to change and how he's planning to retire. We discuss topics ranging from how your money management style stems from your childhood, planning for retirement and how your investment strategy might change if you are a late starter in your investing career.

Notes:
Twitter: @your_money_blog
Brendan's Blog: takechargeofyourmoney.blog
Link to Article: 4 Myths about retirement
Link to Article: Personal finance for beginners
Link to Blog Series: Late Starter