The Post Money Plan

We The healthcare system is dysfunctional. Let’s stop and think: is it working the way it should or could and more importantly, is it sustainable? And where did the opioid crisis come in?

 

In this episode, I talk with Mike McNeill about inefficiencies in the healthcare system. The rising cost of healthcare expenditures across the board calls into question whether we’re “doing it right” or not. To elaborate, total health expenditures per capita in the U.S. exceeded $10,000 in 2016. That means we’re spending more than $10,000 per person, per year on healthcare! Certainly that’s expensive!

 

Key Points in the Podcast:

-We ought to standardize Electronic Medical Records so hospitals can share patient data effectively

-Insurance companies as a 3rd party payer for your healthcare really convolute the process

-We should teach more about your health and navigating the healthcare system in school

-Doctors need to be incentivized and empowered to take care of your overall health

 

Mike McNeill has a Medical Doctorate from Creighton University and is currently a medical resident in California.

 

Lastly, you can subscribe to The Post Money Plan podcast here.

 

 

The healthcare system is dysfunctional. But is it working the way it should or could and more importantly, is it sustainable? And where did the opioid crisis come in?

 

In this episode, I talk with Mike McNeill about inefficiencies in the healthcare system. The rising cost of healthcare expenditures across the board call into question whether we’re “doing it right” or not. Total health expenditures per capita in the U.S. exceeded $10,000 in 2016. That means we’re spending more than $10,000 per person, per year on healthcare! That’s expensive!

 

Key Points in the Podcast:

-As technology progresses, we discover that healthcare is more complex than we thought

-The U.S. has been throwing money at health indiscriminately, but we aren’t getting healthier

-We ought to treat causes, not symptoms – the healthcare system is ineffectively addressing symptoms instead of causes

-Patient satisfaction is driving healthcare, but satisfaction is not necessarily what’s best for people

-We need to think long-term, not short-term

-Big Pharma took advantage of the pain management trend and got people hooked on opioids

-We need to invest in preventative care, not symptomatic care

 

Mike McNeill has a Medical Doctorate from Creighton University and is currently a medical resident in California.

 

Lastly, you can subscribe to The Post Money Plan podcast here.

 

Do you make a decent salary but still can’t seem to save money? If you don’t know why or don’t have the time to figure out, listen up! I want to help you save money pain free without you feeling like you’re giving up your lifestyle.

 

Want to Save Money Overview:

In this episode I announce the launch of Save Pain Free, my 1-on-1 financial coaching program that will save you at least $600/year. I explain how the Program will help you build a personally customized savings plan with savings goals and empower you to accomplish them on a specific time table. Additionally, I disclose a 50% off promo code for the Program.

 

In the episode I interview Sarah, who shares her experience and perspective of being a guinea pig of the Program.

 

Key Points in the Podcast:

-The Save Pain Free Program saved Sarah $2,500/year

-Her financial priorities changed as she get older

-Dealing with finances was intimidating, but the Program made it painless and saved a lot of money without completely cramping her lifestyle

-She was too busy in life to notice potential savings that existed

-Overlap services if you switch any kind of subscription to save money

-Cancel autodraft/auto bill pays before switching subscriptions

-The savings she is realizing are making her life goals more realistically achievable

-Consumer debt actually results in less consumption, not more

 

As always, you can subscribe to The Post Money Plan podcast here.

Save Pain Free Overview:

In the Save Pain Free coaching program, I will coach you on:

* Your philosophy towards money

* Where you can cut the fat on your spending

* How to automatically track your spending

* Spending tips and tricks

By all means, if you’re stuck in the grind like I was (you make the money, but you can’t get out of the rat race), don’t wait another day. Take the initiative to make the change. There’s power in numbers, so we can do this together.

Are self driving cars really going to become a reality? Further, think about how they might change the economy. As a matter of fact, it could pose significant risks to society.

 

In this episode, I talk with Donny Hallam about self driving cars. Recent accidents have put the concept of autonomous vehicles in the hot seat, but the economic potential of self driving cars could be huge for Western society.

 

Key Points in the Podcast:

-Bad publicity can kill a good technology

-People don’t yet trust cars to drive themselves

-We should use fatalities per million miles driven as our benchmark of measuring safety

-Self-driving cars create a lot of gray areas regarding legal liability

-Self-driving cars will unlock leisure time, eliminate driving stress, and improve people’s productivity

-The potential for a self-driving car to be hacked and hijacked poses a real threat

 

Donny Hallam is a chemical engineer, avid connoisseur of all things electronic, and early adopter of tech trends.

 

Lastly, you can subscribe to The Post Money Plan podcast here.

Can you make money in eSports, playing video games? Is it a viable career? Video games have certainly seen a rise in popularity over the last couple decades.

 

In this episode, I talk with Ken Ngao about eSports and video gaming as a job. The rise in popularity of video games over the last couple decades in combination with streaming has started to make gaming not just a hobby, but an income source for many people and has attracted a lot of money into the industry and even formed Major League Gaming circuits. But since the industry is still so new relative to traditional sports, the long-term prospects are still up for debate.

 

Key Points in the Podcast:

-Video gamers can earn $3,000-$5,000/month streaming on Twitch/Youtube

-Income sources for gamers include sponsorships, streaming affiliate revenue, and tournament prize winnings

-Sponsorships are the biggest income source for gamers

-A game’s popularity dictates how much money there is surrounding the game

-If you want to be a professional gamer, it takes the same level of dedication as a real job – you can’t just treat it like a hobby

-Gaming skills become obsolete quickly, so you have to constantly adapt to stay relevant

-The long term career potential of gaming is not yet tried and true

-A gaming career requires commitment, consistency, and an online (social media) presence

 

Lastly, you can subscribe to The Post Money Plan podcast here.

Tired of living paycheck to paycheck? Instead, give yourself a safety net by building an emergency fund.

 

In this episode, I interview Cory Mizell about the value of having emergency savings and how you can build it. If you don’t squirrel away nuts for the winter, that leaves you exposed to financial disaster in the event of unplanned expenses or job loss.

 

Cory is a financial advisor at Valued Retirements, a financial advisory firm based in Houston, TX.

 

We touch on:

-What an Emergency Fund is and what purpose its meant to serve

-How rainy day money helps mitigate financial ruin when unplanned expenses come up

-Emergency savings mitigates financial ruin despite adversity

-The amount you ought to target to have in your Emergency Fund and why

-How you can start building emergency savings right away

 

Lastly, you can subscribe to The Post Money Plan podcast here.

What was so special about the Spotify IPO and what does that mean anyway? Further, how do IPO’s normally work?

 

In this episode, I talk with Stephen Ngao about Spotify’s recent IPO because Spotify took an unconventional route by conducting their Initial Public Offering all on their own. They opted not to use the traditional services of an investment bank. With this in mind, we shed a little bit of light on the situation and how the process works.

 

We touch on:

-Spotify’s business model and market opportunity

-What an IPO is

-Why companies might choose to IPO

-Why Spotify IPO’ed

-How the traditional IPO process works

-What impacts the non-conventional IPO may have on Spotify

-The self-conducted IPO symbolic of falling barriers-to-entry in capital markets of the economy

 

Lastly, you can subscribe to The Post Money Plan podcast here.

Is Social Security dependable for Millennials? Just because the Silent Generation and Baby Boomers have been able to depend on such programs doesn’t necessarily mean we can.

 

In this episode, we hear my dad’s perspective on the outlook for Social Security. My dad retired at the age of 60 and is now 67, but has opted to defer taking benefits until the age of 70. Although it was only designed to supplement retirees’ income, many people do not have their own savings and are depending on it as the majority of their income in retirement.

 

Key Points in the Podcast:

-What Social Security is

-Why it was created

-How it works

-Who is qualified for benefits

–How much benefits will be

 

Lastly, you can subscribe to The Post Money Plan podcast here.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.

 

In this episode, I philosophize on liberty with Libertarian and fellow podcast host Eric Benzenhoefer. In order for society to more fully pursue ideals, we must have an idea of what those ideals should look like. Here, we consider liberty, its interplay with economic prosperity, and the moral implications of laws.

 

Key Points in the Podcast:

-Liberty begets economic prosperity

-American forefathers founded the U.S. on the principle of liberty

-Society fails to live up to true liberty due to man’s covetous nature

-People often give up freedom for a sense of security

-The U.S. government instituted income tax as a temporary measure, but it unsurprisingly became permanent

-Governments have “power creep”, a constant desire to slowly increase their control

-People forget history and then repeat the same mistakes of the past

-The need to consider the full implication of every law before its made

-The dichotomous view of government as either a caring parent or unsympathetic oppressor

-The “invisible hand” of the free market automatically allocates capital to ideas, companies, and people that create value in an economy

-Pain is a good thing; it disincentivizes negative behavior

 

Eric is the co-host of the Idea Tank Podcast, where they pontificate on potential business ideas.

 

Lastly, you can subscribe to The Post Money Plan podcast here.

Ever wonder why people say bonds are such a good investment?

 

In this episode, I speak with Murray Williams about how bonds can fit into your investment portfolio and play a part in portfolio theory. The move up in interest rates over the last year and a half has actually created a potential breakaway from the 40-year downtrend in interest rates, which could have a big impact on the economy. Unfortunately, forecasting where rates will go in the future proves to be a very difficult task.

 

Key Points in the Podcast:

-The power of compound interest

-Types of bonds

-The inverse relationship between a bond’s price and its interest rate

-The difficulty of market timing

-The danger of investing with borrowed money (margin)

-The benefit of diversification: reducing drawdowns to your portfolio

-Debt instruments can serve the same purpose as cash as dry powder for opportunistic purchases, but provide superior returns to cash

 

Lastly, you can subscribe to The Post Money Plan podcast here.