The Post Money Plan

 

 

In light of the Christmas season and the cultural theft of the meaning behind Christmas towards consumption and buying things, we’re delving into a discussion on Anti-Consumerism.

 

-Content Level: Advanced-

 

In Part 1 of the episode, we discuss:

* What we mean by consumerism

* Why consumerism is bad

* The results of consumerism

 

In Part 2, we’ll cover:

* The causes of consumerism

* The capitalism vs. socialism debate

* What people should do instead of participating in consumerism

* The benefits of reduced consumerism

 

The episode is hosted by Dallas Post – the founder of The Post Money Plan, joined by Michael Fares – professor of Arabic at The University of Houston.

 

 

 

Support behind people like Bernie Sanders has shown a recent desire for policies such as a hike to the minimum wage in the U.S. Similarly, we’ve seen momentum building behind the call for a $15 minimum wage. In a two-part series, we delve into the reasoning and arguments for and against the minimum wage.

 

-Content Level: Expert-

 

In Part 1, we discussed:

* Reasons for the recent rise in discussion around a $15/hour minimum wage

* The intent of people who support and people who oppose the minimum wage

* Repercussions of the minimum wage

* Who the minimum wage currently effects in the U.S.

* History around minimum wages

 

In Part 2, we cover:

* Economic arguments for the minimum wage

* Economic arguments against the minimum wage

 

The episode is co-hosted by Dallas Post – the founder of The Post Money Plan as well as Murray Williams – a former bond broker and fund manager, and Tom Dickens – a commercial insurance underwriter.

 

Supplemental Resources:

* Department of Labor BLS – Characteristics of Minimum Wage Workers

* Department of Labor – History of Minimum Wage Rates

* Historically Racist Motivations Behind The Minimum Wage

* The Ugly Truth About a $15 Minimum Wage

* Starvation in Communist Russia

* Soviet Union Using Sears Catalog to Price Goods

* North Korean Agricultural Capitalism

 

 

 

Support behind people like Bernie Sanders has shown a recent desire for policies such as a hike to the minimum wage in the U.S. Similarly, we’ve seen momentum building behind the call for a $15 minimum wage. In a two-part series, we delve into the reasoning and arguments for and against the minimum wage.

 

-Content Level: Expert-

 

In Part 1 of this episode, we discuss:

* Reasons for the recent rise in discussion around a $15/hour minimum wage

* The intent of people who support and people who oppose the minimum wage

* Repercussions of the minimum wage

* Who the minimum wage currently effects in the U.S.

* History around minimum wages

 

In Part 2, we’ll cover:

* Economic arguments for the minimum wage

* Economic arguments against the minimum wage

 

The episode is co-hosted by Dallas Post – the founder of The Post Money Plan as well as Murray Williams – a former bond broker and fund manager, and Tom Dickens – a commercial insurance underwriter.

 

 

Supplemental Resources:

* Department of Labor BLS – Characteristics of Minimum Wage Workers

* Department of Labor – History of Minimum Wage Rates

* Historically Racist Motivations Behind The Minimum Wage

* The Ugly Truth About a $15 Minimum Wage

* Starvation in Communist Russia

* Soviet Union Using Sears Catalog to Price Goods

* North Korean Agricultural Capitalism

 

 

 

 

In this episode, Dallas Post interviews Cameryn, a high school student who is preparing to go to college.

 

-Content Level: Beginner-

 

In the interview, Cameryn touches on:

 

-Her background and work experience to-date

-Having to become personally responsible for managing her own finances

-The value of learning through experience before going off to college

-What she has been taught about personal finance in school

-What she has learned about money outside of school

-Topics within personal finance that she has yet to learn about

-What she would like to study in college

-Preparing for college

-Considering the cost of college and planning for that

-The predominant financial philosophy of high school students

 

 

Key advice for high school students and parents with kids preparing for college:

* Start working and saving as much as you can before college

* Work hard in high school

* Get as much college credit as you can in high school (via AP or IB programs, etc.)

* Apply for as many college scholarships as you can

* Pay attention to financial aid and the interest rate on potential student loans

 

 

 

The surprise victory of Donald Trump in the presidential race left markets in shock on election night, but as the initial disbelief has worn off investors are beginning to digest the potential implications of a Trump presidency. In this podcast, we weigh the positives and negatives of some of his proposals that could have major economic consequences.

 

-Content Level: Advanced-

 

In Part 2 of this episode, we discuss the potential positive and negative merits of:

* Tax simplification, tax cuts, and a tax holiday for overseas business profits

* Deregulation of the energy industry

* Elimination of Obamacare

* Deportation of illegal immigrants

* A hiring freeze on government employees

 

The episode is co-hosted by Dallas Post – the founder of The Post Money Plan as well as Stephen Ngao – a financial analyst for a university, and Murray Williams – a former bond broker and a fund manager.

 

 

 

The surprise victory of Donald Trump in the presidential race last week left markets in shock on election night, but as the initial disbelief has worn off investors are beginning to digest the potential implications of a Trump presidency. In this podcast, we weigh the positives and negatives of some of his proposals that could have major economic consequences.

 

-Content Level: Advanced-

 

In Part 1 of this episode, we discuss the merits of:

* Fiscal stimulus through government infrastructure spending

* Renegotiation or withdrawal from international trade deals (NAFTA and TPP)

* Exacting tariffs on domestic companies attempting to outsource

 

The episode is co-hosted by Dallas Post – the founder of The Post Money Plan as well as Stephen Ngao – a financial analyst for a university, and Murray Williams – a former bond broker and a fund manager.

 

 

 

 

In this episode Dallas Post interviews Jason, a young professional engineer who has focused on financial prudence from an early age.

 

-Content Level: Beginner-

In the interview, Jason touches on:

 

-The potential for financial wisdom to skip a generation

-Having entrepreneurial ideas from an early age

-The danger of spoiled entitlement

-The benefit of having a good attitude and good parenting

-The value of having a mentor and being a self-starter

-Not learning about personal finance in school

-Having to learn about taxes on his own

-The “gift of hardship”

-Money as “freedom units”

-The value of health and never sacrificing health for money

-Balancing physical, mental, and spiritual health

-The power of compounded interest and the snowball effect

 

His key advice:

* Maintain your health

* Educate yourself

* Work hard

* Live responsibly

* Save as much money as you can early on

* Invest

 

 

 

In this episode Dallas Post interviews Mayra, a young single who went from being reliant on her parents to becoming a responsible and financial conscientious steward of her resources.

 

-Content Level: Beginner-

 

In the interview, Mayra touches on:

-Growing up with things provided by her parents

-Her parents not having a lot and subsequently wanted to shower their kids with gifts

-Not being taught money management skills in school

-Not planning for the future or saving money

-Receiving a rude awakening when her father was diagnosed with cancer

-Being forced to be financially conscientious

-Beginning to take care of herself and supporting her family

-Making a budget and cutting unnecessary spending

-How budgeting helped her spending habits

-Practicing discipline

-Her faith influencing her perspective towards spending; encouraging her to be a faithful steward of her resources

-Funneling money towards an “emergency fund”

-Planning to pay off debt

-The importance of being aware of how much you owe and the value of paying down your debt as quickly as you can

-The benefit of paying your highest interest debts first

 

 

 

 

The aggressive market intervention of central banks since the Great Recession has given rise to dissatisfaction and discontentment with the current monetary system and has prompted individuals to seek alternative forms of money that cannot be controlled by governments, which has given rise to the concept of digital currencies.

 

-Content Level: Expert-

 

In Part 2 of this episode, we discuss:

-The pros and cons of digital currencies

-What the most popular digital currencies are

-Recent developments in the digital currency world

-What the future looks like for digital currency

 

The episode is co-hosted by Dallas Post – the founder of The Post Money Plan as well as Tom Dickens – an insurance underwriter, Stephen Ngao – a fund manager for a university, and Abe Elsayed – a financial analyst at telecommunications company.

 

 

Supplemental digital currencies information can be found at:

CoinMarketCap.com

BitcoinCharts.com

Gemini – An American Digital Currency Exchange

 

 

 

 

The aggressive market intervention of central banks since the Great Recession has given rise to dissatisfaction and discontentment with the current monetary system and has prompted individuals to seek alternative forms of money that cannot be controlled by governments, which has given rise to the concept of digital currencies.

 

-Content Level: Expert-

 

In Part 1 of this episode, we discuss:

* The theory of how money works

* What digital currency is

* Why digital currencies have come to prominence in the last few years

* How digital currencies work technically

* How digital currencies are currently regulated

 

The episode is co-hosted by Dallas Post – the founder of The Post Money Plan as well as Tom Dickens – an insurance underwriter, Stephen Ngao – a fund manager for a university, and Abe Elsayed – a financial analyst at telecommunications company.

 

 

Supplemental digital currencies information can be found at:

CoinMarketCap.com

BitcoinCharts.com

Gemini – An American Digital Currency Exchange