Trogonomics

We jump into our final episode of Season 2 by talking about the home stretch of savings.  Once your Champagne Glasses of Savings are set and filling up, what do you do with any additional income as you are getting closer to retirement.   Brett starts off by offering an Economic Confession to Trog, and the two of them discuss some of the riskier parts of investing.  Trog then walks us through the different options of trading, investing, and experimenting with the market and money before finally landing on Index Funds!

**This is not financial advice. The expressed opinions in the podcast are those of the speakers. You can lose all your money in the various investment options discussed, the cryptocurrency market, the stock and bond markets, or any number of financial investments, so be sure to do your own research before investing.**

Thank you for listening!  Please subscribe, share the episode with a friend and, leave a review to let us know what you think!

Enjoy the episode! Thanks for listening - have a great day!!

We jump into a new episode of Season 2 by talking about navigating benefit options when starting a new job.  Brett recently started a new job at a new company, and went through the process of selecting healthcare options, planning retirement contributions, and deciding on new insurance packages.  This was the first time Brett had gone through this process, given his career as an entrepreneur all of his adult life and Trog guides him through his decisions, edits, and thought process.  Starting a new job is exciting, but some of the decisions that are made at the start of a journey with a new company can be overwhelming.  Trog helps identify the north stars to follow, and how to think about future finances without too much emotion.

**This is not financial advice. The expressed opinions in the podcast are those of the speakers. You can lose all your money in the various investment options discussed, the cryptocurrency market, the stock and bond markets, or any number of financial investments, so be sure to do your own research before investing.**

Thank you for listening!  Please subscribe, share the episode with a friend and, leave a review to let us know what you think!

Enjoy the episode! Thanks for listening - have a great day!!

On this episode of Porch Beers, Brett asks Dr. Trogdon about inflation, what does the increase mean in macro terms, and how do we evolve to stay steady during economic changes.  The conversation was tipped off by the October 2021 inflation rate breaking 6%, after a fairly long run between 1% and 3%.  Trog breaks down what the number really means in a theoretical and practical sense, and then walks us through consumption and saving thoughts to make sure that we don't loose ground on our goals.  Along the way, Trog talks about negotiating your salary while exploring the job market, and why we should probably do a follow up episode in a few months to check in on the staying power of inflation.

Porch Beers is a series of casual episodes, where Brett asks Trog a question or two cold, that he hasn't heard prior to the conversation.  Like most conversations they have over a beverage, Trog doesn't know what will be asked of him at the time.  His vast expertise of finance and economic theory is put to the test when he's asked for advice or clarity on the topics discussed.  In today's episode we stick to one specific, financial topic: Inflation.

**This is not financial advice. The expressed opinions in the podcast are those of the speakers. You can lose all your money in the various investment options available to you, the cryptocurrency market, the stock markets, or any number of financial investments, so be sure to do your own research before investing.**

Thank you for listening!  Please subscribe, share the episode with a friend and, leave a review to let us know what you think!

Have a wonderful day!

We continue into the third leg of episode 2 talking about equity, (aka stocks) and longer-term savings.  Trog outlines the options for 20-40 year savings plans, and how he thinks about diversifying this champagne glass of the savings pyramid.  Along the way he'll talk about minimizing risk in this area of savings by buying into larger funds rather than individual stocks, how he qualifies the idea of "missed opportunity" , and reaffirms that at the end of the in order to buy a stock someone else must be interested in selling it to you. Brett and Trog walk their way through the idea of dividends versus retained earnings, and what the stock  price really means as a result.

**This is not financial advice. The expressed opinions in the podcast are those of the speakers. You can lose all your money in the various investment options discussed, the cryptocurrency market, the stock and bond markets, or any number of financial investments, so be sure to do your own research before investing.**

Thank you for listening!  Please subscribe, share the episode with a friend and, leave a review to let us know what you think!

Enjoy the episode! Thanks for listening - have a great day!!

On this episode of Porch Beers, Brett asks Dr. Trogdon about investing in another human's future earning potential.  The conversation was tipped off by Brett learning about a company called Big League Advance (which invests in some minor league baseball players), but snowballed into the larger idea of venture capital and investing in people versus companies.  Trog talks about comparable industries that are also investing in a person's future earning other than just baseball, the concept of risk, and income smoothing over your lifetime.

Along the way, Trog talks about trusting adults to make good financial decisions in the short and long term.  He also breaks down the ethical side of companies and governments lending or investing in people.

Porch Beers is a series of casual episodes, where Brett asks Trog a question or two cold, that he hasn't heard prior to the conversation.  Like most conversations they have over a beverage, Trog doesn't know what will be asked of him at the time.  His vast expertise of finance and economic theory is put to the test when he's asked for advice or clarity on the topics discussed.  In today's episode we stick to one specific, financial topic: would you invest or accept an investment in your future earnings.

**This is not financial advice. The expressed opinions in the podcast are those of the speakers. You can lose all your money in the various investment options discussed, the cryptocurrency market, the stock markets, or any number of financial investments, so be sure to do your own research before investing.**

Thank you for listening!  Please subscribe, share the episode with a friend and, leave a review to let us know what you think! 

Have a wonderful day!

We continue into the second leg of episode 2 talking about bonds, fixed income loans, and medium-term savings.  Trog outlines the options for 2-10 year savings plans, and how he thinks about diversifying this champagne glass of the savings pyramid.  Along the way he'll talk about risk in this area of savings (like a government declaring bankruptcy), how he intends to lower the risk of default, and reaffirms that at the end of the day bonds are loans. Brett and Trog walk their way through the idea of loaning money to friends or a government, and being prepared for the risk and uncertainty of being a lender.

Part three is still to come in our savings adventure, where we'll cover the long-term champagne glass(es) of savings, and experiment with risk and time to make the most of our opportunities.

Enjoy the episode! Thanks for listening - have a great day!!

**Please subscribe, rate, and leave a review to let us know what you think of the episode!**

We kick off the first part of episode 2 talking about emergency funds and cash savings.  Trog outlines the options for cash and equivalents, and how he thinks about diversifying this champagne glass of savings.  Along the way he'll talk about risk in this area of savings, and his what he learned about savings from his financial influences. They walk their way through the idea of winning by being prepared rather than mixing in risk and uncertainty.

Parts two and three are still to come in our savings adventure, where we'll cover other critical champagne glasses of savings, and experiment with risk and time to make the most of our opportunities.

Enjoy the episode! Thanks for listening - have a great day!!

**Please subscribe, rate, and leave a review to let us know what you think of the episode!**

On this episode of Porch Beers, Dr. Trogdon walks us through the agent vs. principle business models through the lens of the Wu Tang Clan and U2.  Despite both groups having immense musical and financial success, they follow two different business models, where one pays their manager a fee and the other offers equity in the whole business.  The topic unpacks the true question at the heart of the issue of would you give up equity in your financial future in exchange for a (hopefully) highly engaged business partner... or do you go on your own?  Along the way Trog brings up the Coase Theorem and the concept of property rights, the future value of equity versus the present value of a commission, and the complexity of human beings and risk.

Porch Beers is a series of casual episodes, where Brett asks Trog a question or two cold, that he hasn't heard prior to the conversation.  Like most conversations they have over a beverage, Trog doesn't know what will be asked of him at the time.  His vast expertise of finance and economic theory is put to the test when he's asked for advice or clarity on the topics discussed.  In today's episode we stick to one topic, and walk through understanding the some of the why or why nots of giving up equity in your business, and ultimately if it's possible to predict the future.

Thank you for listening!  Please subscribe, share the episode with a friend and, leave a review to let us know what you think!

Have a wonderful day!

Welcome to Season 2 of Trogonomics!  This season we will be diving into some of Dr. Trogdon's saving practices and how he approaches short, medium, and long term savings goals.

We kick off our first episode of the season outlining a Short Term Saving plan for a family vacation.  Trog outlines the four steps to how he thinks about savings and how he calculates his contributions to meet his goal.  Along the way he'll graciously admit to how difficult starting the saving process is, how easy consumption is, why Ariana Grande challenges him for the financial mindshare of his children, and at the end of the day all he really wants is sand between his toes and time with his family.  Brett once again brings up the emotional side of managing money and how he wants to "win" at saving for a vacation.  They walk their way through planning out a two year savings plan for a very healthy vacation budget, and start to dabble in and compare the process to saving for retirement.  

Enjoy the episode! Thanks for listening - have a great day!!

**Please subscribe, rate, and leave a review to let us know what you think of the episode!**