In this episode of Saturday Morning Muse, Andrew Temte emphasizes the importance of financial literacy and understanding the history of trade and economics. He discusses the Smoot-Hawley Act of 1930, its implications on modern economic policies, and the lessons that can be learned from it. Temte highlights the significance of stability, consumer confidence, and the interconnectedness of the global economy, urging listeners to consider the historical context of current economic challenges.

In this episode of Saturday Morning Muse, Andrew Temte reflects on Memorial Day and discusses the history and functions of money, focusing on credit transactions. He explains how credit transactions emerged from the need for trade in ancient economies and highlights the importance of understanding credit and debt in today's consumer-driven economy. Temte emphasizes the historical context of credit and debt, noting the unsustainable levels of national and household debt in the U.S.

Summary

In this episode of Saturday Morning Muse, Andrew Temte explores the evolution of money, starting from the limitations of the barter system to the introduction of coinage and modern perspectives on cryptocurrencies like Bitcoin. He discusses the essential functions and properties of money, the historical context of trade, and the ongoing debate about what constitutes money in today's economy.

In this episode of Saturday Morning Muse, Andrew Temte explores the evolution of trade from barter systems to modern currency. He discusses the inefficiencies of barter, such as the double coincidence of wants and the challenges of measuring value. Temte highlights the historical advancements that arose from the need to improve trade, including the development of writing, measurement systems, and currency. He emphasizes the importance of trade in human history and its role in fostering cooperation and economic growth.

In this episode of Saturday Morning Muse, Andrew Temte explores the foundational concepts of trade and macroeconomics through a hypothetical economy consisting of two regions: Fruit Land and Protein Land. He discusses the advantages of trade, the impact on societal well-being, and the necessity of education and retraining for those affected by economic changes. The conversation sets the stage for future discussions on currency and deeper economic principles.

#financialliteracy #globaltrade #macroeconomics #internationaleconomics #personalfinance

In this episode of Saturday Morning Muse, Andrew Temte discusses common blunders related to risk tolerance that investors often make. He emphasizes the importance of understanding personal risk tolerance, the dangers of following the crowd, and the necessity of doing thorough research before making investment decisions. Temte also highlights the need for periodic reassessment of risk tolerance and the impact of cognitive biases on investment behavior.

Here’s the link to the article on my website: https://www.andrewtemte.com/saturday-morning-muse/factors-that-drive-risk-tolerance 

#financialliteracy #decisionmaking #cognitivebias #risktolerance #personalfinance #FOMO #continuousimprovement

What are the Factors that Influence Your Tolerance for Risk? In today’s episode of Saturday Morning Muse, Andy explores the concept of risk tolerance in personal finance and discusses various factors that influence an individual's willingness and ability to take risks in investments. He emphasizes the importance of understanding one's financial goals, time horizon, age, income, existing portfolio size, knowledge, and stress tolerance.

Learn more at: https://www.andrewtemte.com/saturday-morning-muse/

#financialliteracy #investmentstrategies #selfconfidence #risktolerance #personalfinance #continuousimprovement #riskaversion

What’s the link between self-confidence, self-esteem, and risk tolerance? We’ll explore this question on today’s Saturday Morning Muse!

You can find The Saturday Morning Muse on your favorite podcast streaming platform as well as out on YouTube. Here’s the link to the show on Apple Podcasts: https://podcasts.apple.com/us/podcast/saturday-morning-muse/id1741154728

#financialliteracy #selfesteem #selfconfidence #risktolerance #decisionmaking #personalfinance #continuousimprovement #riskaversion #lifelonglearning #riskVreward

What’s your relationship with risk? How do your feelings about risk affect your decision-making? Are you a risk-taker or risk-avoider? We’ll explore these questions and more on today’s Saturday Morning Muse!

You can find The Saturday Morning Muse on your favorite podcast streaming platform as well as out on YouTube. Here’s the link to the show on Apple Podcasts: https://podcasts.apple.com/us/podcast/saturday-morning-muse/id1741154728

#financialliteracy #decisionmaking #risk #personalfinance #continuousimprovement #riskaversion #risktolerance #cognitivebias

Since the beginning of the year, I’ve been releasing short lessons on financial literacy on The Saturday Morning Muse. I expect to continue building financial literacy lessons for the foreseeable future. At the end of each quarter, I will provide a recap of the lessons that were released during the preceding quarter. Here is the first of those recap lessons. Thanks for listening!

You can find The Saturday Morning Muse on your favorite podcast streaming platform as well as out on YouTube. Here’s the link to the show on Apple Podcasts: https://podcasts.apple.com/us/podcast/saturday-morning-muse/id1741154728

#financialliteracy #decisionmaking #success #personalfinance #continuousimprovement #valueanalysis #financialsecurity #personalconsumption