Morgan Housel - The Psychology of Money
49 min

One of my favorite financial writers, Morgan Housel, is on the Financial Independence Podcast today!

I’m not the one conducting the interview this time though (all is explained in the episode).

Morgan’s insight into how to handle uncertainty, market crashes, and this weird stock boom that we now find ourselves in is invaluable so hope you enjoy it!

Big thanks to Gouri, Morgan, and the Bogleheads for making this happen!

Be Wealthy & Smart
Be Wealthy & Smart
Linda P. Jones
When Will We Travel Again?
Learn how travel companies have adapted in times of CV-19 and what future travel trends will be. The article is here. Are you investing well for financial freedom...or not? As we live our lives, we have seen enormous money be made in real estate, technology stocks, etc. and have seen wild swings in markets before. They can feel scary at the time, but in hindsight are often tremendous opportunities for future financial success. If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars. Your compounding rate, and how well you invest, matters! INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE? -Asset allocation model with ticker symbols and % to invest -Monthly investing webinars with Linda -Private Facebook group with daily insights -Weekly stock market commentary email -Lifetime access -US and foreign investors, no minimum $ amount required For Black Friday week and weekend, enjoy a 50% savings. More information is here or have complimentary consultation with Linda to answer your questions click here: https://2909395.survey.fm/application-for-vip-experience PLEASE REVIEW THE SHOW ON ITUNES If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it! SUBSCRIBE TO BE WEALTHY & SMART Click Here to Subscribe Via iTunes Click Here to Subscribe Via Stitcher on an Android Device Click Here to Subscribe Via RSS Feed WEALTH HEIRESS TV Please subscribe to Wealth Heiress TV YouTube channel (it’s not just for women, it’s for men too!), here. PLEASE LEAVE A BOOK REVIEW Leave a book review on Amazon here. Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!” Men love it too! After all, you are Wealth Heirs. :) Available for purchase on Amazon. International buyers (if you live outside of the US) get my book here. WANT MORE FROM LINDA? Check out her programs. Join her on Instagram. WEALTH LIBRARY OF PODCASTS Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics. TODAY'S SPONSOR I want to take a few seconds to tell you about how I “read” more books and stay ahead of the curve. It’s by not reading books, but instead listening to them – like you are right now! With Audible, there are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! I suggest you get the audio book of Think and Grow Rich, or you can check out my website Resources page where I list all of my favorite financial books and you see exactly what books I have read and recommend you read. Then get started with Audible by visiting https://lindapjones.com/FreeBook and order your first audio book free! Get Think and Grow Rich or another book from my recommend list, and be sure to get started checking off the books you want to read with your free book from Audible! Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. (Some links are affiliate links. There is no additional cost to you.)
12 min
Invest Like a Boss
Invest Like a Boss
Sam Marks & Johnny FD
162: Farmland Investing with AcreTrader CEO Carter Malloy
Carter grew up in a farming family and has a lifelong passion for investing and agriculture. Prior to AcreTrader, he was part of an equity investment firm for 5 years. Before joining in 2013, Carter was a Managing Director with Stephens Inc., a large private investment bank, where he was an equity research analyst focused on the Internet, Data & Analytics and Real Estate Processing sectors. Prior to Stephens, he owned small businesses focused on internet marketing and sustainable fuel technologies. He graduated from the University of Arkansas with a bachelor’s degree in Physics and has previously held Series 7, 63, 86 and 87 licenses with the Financial Industry Regulatory Authority (FINRA). Listen to ILAB 162 on iTunes here or subscribe on your favorite podcast app. Where we are: * Johnny FD – Sri Lanka / IG @johnnyfdk * Sam Marks – North Carolina / IG @imsammarks * Derek Spartz - Los Angeles / IG @DerekRadio Sponsor: * Indeed Get a $75 credit to boost your job post and find your next hire faster * Support Invest Like a Boss: Join our Patreon Discussed: * AcreTrader Like these investments? Try them with these special ILAB links: * ArtofFX – Start with just a $10,000 account (reduced from $25,000) * Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) * Betterment – Get up to 1 year managed free * Wealthfront – Get your first $15,000 managed free * PeerStreet – Get a 1% yield bump on your first loan *Johnny and Sam use all of the above services personally. Time Stamps: * 07:50 – How did you get into farmland and agriculture? * 08:30 – Before AcreTrader, how was farmland purchased? * 10:22 – What is the usual size of these farms? * 12:02 – Why farmland and not commercial or residential real estate? * 15:15 – How does farmland outperform other asset classes? * 18:25 – How long do you hold onto the land for? * 18:39 – Are you concerned about the land depreciating because of bad farming practices? * 20:26 – How long do farmers usually rent the land? * 21:09 – How does it work for investors? * 23:06 – How often does the investor get paid? * 25:45 – Does the rental change depending on the farm? * 27:03 – Do you normally list farms weekly? * 28:09 – What is your investment range? * 30:06 – What crops are the most profitable? * 34:30 – How long are the investments? * 37:48 – How are the taxes treated? * 36:55 – Who can invest? * 39:48 – Johnny & Derek Recap If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2020. All rights reserved. Read our disclaimer here.
56 min
Millennial Money
Millennial Money
Shannah Compton Game
How to Survive the Holidays Debt-Free | Majd Maksad
The holidays are a time of celebrations, comfy clothes, lots of good eating and cold winter nights. But for many of us, it’s also a time of financial stress and a visit from your good ole’ friend debt. In this reboot episode, Majd Maksad, from Status Money, is dishing some great tips to breeze into the holidays without debt so you can hit the new year ready to take on your goals. Questions I Ask * So just how do we breeze through the holidays without going into debt? * What do you think causes the biggest stress around the holidays and budgeting? * Do you see any trends emerging when it comes to holiday spending – what we are all blowing our budgets on? * Does it matter your income? * Debt is a real pain point for some many listeners – and sometimes it feels like there’s no way out from the vicious circle of paying off debt but not making any progress. How can you take action today to relieve some of that pain around our debt? * I know status money has come a long way since we last spoke. What’s the latest? * If you had one solid takeaway or action item from our conversation, what would you want everyone to remember? What You'll Learn * How to hack your mind during the holidays so you stay in budget * Why knowing how much your peer group is spending is beneficial to your financial success * Why lower income groups are making the most impactful behavioral changes when it comes to spending * How to break the money taboos and get rid of debt * How you can win financially and finally stay in budget during the holidays Links * Status Money * Previous podcast episode with Majd Episode Sponsors A big thanks to all our episode sponsors that make it possible to bring this show to you. This episode is sponsored by Firstleaf. Join today and you’ll get 6 bottles of wine for $29.95 and free shipping at tryfirstleaf.com/mymoney. This episode is sponsored by Manscaped. Get 20% off + free shipping with the code MYMONEY at Manscaped.com. Thanks to Fundrise for sponsoring this episode. Start building your better portfolio today! Get started at Fundrise.com/mymoney to have your first NINETY days of advisory fees waived. Thanks to Splitit for sponsoring this episode. Split your payments and live big. Go to Splitit.com today. SUBSCRIBE & SHARE Want to be the first to know when new episodes are released? Click here to subscribe in iTunes! IT’S FREE! 👉 Sign up for my weekly LET’S TALK MONEY email newsletter. ASK SHANNAH Have an Ask Shannah question, submit it here GET SOCIAL ·     Shannah on Twitter ·     Shannah on Instagram
34 min
Build Wealth Canada Podcast
Build Wealth Canada Podcast
Kornel Szrejber: Investor
Your Questions Answered + Real Estate Update For Canadians
Today we’re going to try something a little different in that I’m going to split today’s episode into two sections, covering two different subjects: First, we’re going to cover some questions that I’ve received from listeners of the show and from students of my investing course, so that you can benefit from the strategies and tactics too. These are specifically going to be in the area of investing. Next, we’re going to bring on my guest who is our resident mortgage and real estate expert and best-selling author, Sean Cooper. Sean will explain the real estate situation here in Canada so that you can stay informed on how real estate has been affected in these COVID times, whether you’re an existing home-owner that is concerned about the value of their home dropping due to COVID, or whether you are a renter looking to potentially buy in the future. We cover questions like What should you know? And how can you maximize your chances of getting approved for a mortgage? And whether you’re an existing or future home-owner, there have actually been some mortgage rule changes that recently took place here in Canada so you definitely want to be informed about those so that you can easily renew that mortgage when it’s time. Or, if you’re looking to buy, so that you can have a smooth stress-free process in obtaining financing for your property, instead of struggling and potentially missing out on your dream home due to financing issues, due to these new mortgage rules that recently got put into place. A Big Thanks To This Episode's Sponsor: RBC's Small Business Navigator Hub: For practical resources, advice, and offers, visit RBC's Small Business Navigator hub at buildwealthcanada.ca/hub. Business is anything but usual these days, and entrepreneurs are looking for support that goes beyond traditional banking to successfully re-open and manage their business. Now, they can access all of RBC’s practical tips, insights, money-saving offers and solutions to support their eCommerce, digital payments, payroll management, employee wellness needs and more – all in one place. To learn more, check out the RBC Small Business Navigator hub, available online at BuildWealthCanada.ca/hub. Resources: * Get your mortgage questions answered for free by booking a meeting with Sean here. * Get the real estate expense tool for free when it's released by signing up to the waiting list here. Topics/Questions Covered: Investing Topics: * Buying near all-time stock market highs. Should you do it? * Investing larger amounts of money: Buying-in all at once vs dollar-cost-averaging in. * How much to focus on dividends in your investing. * Socially responsible investing, and what to keep in mind before diving in. Real Estate and Mortgage Questions: * Let’s talk about COVID and the real estate market. Are we seeing increases in home values? * How are things if you're looking to buy vs sell? * Is it a buyer's or seller's market? * There have been some Mortgage Rule Changes recently here in Canada. Can you take us through them? * What can we do that is within our control, to maximize the chances of getting approved for a mortgage, and getting the best terms and rate? * With these record low interest rates that we’ve been seeing, many Canadians that are currently in a fixed-rate mortgage are wondering, is it worth breaking their existing mortgage, paying the cancelling fees, and then getting a new mortgage at the lower rate. Can you talk about the analysis that we should be doing to actually mathematically figure this out? * What should we consider if we’re shopping around for a home right now, in Canada? Don’t miss future episodes, giveaways, and free in-depth guides by signing up for free to the Build Wealth Canada Newsletter.
1 hr 18 min
Sound Investing
Sound Investing
Paul Merriman
Supercharge Your Retirement and Make Millions More
In this insightful interview by Doc G of Earn & Invest, authors Rich Buck and Paul Merriman talk about their new book, We’re Talking Millions: 12 Ways To Supercharge Your Retirement. They cover topics such as their long-time professional collaboration, simplicity in investing, risk, beating the market, portfolio recommendations and the magic of compound interest over time. Buy We’re Talking Millions: 12 Ways To Supercharge Your Retirement in Kindle or Amazon Print editions. (Soon to be available at other outlets and on Audible). Watch Paul’s video about the book. Visit the book’s website. Doc G was an internal medicine physician when he discovered the personal finance community through Dr. Jim Dahle’s “The White Coat Investor.” He left clinical practice to pursue his passion for deep conversations about money and life and has found the meaning of “enough” through the FIRE movement (Financial Independence Retire Early). This podcast is part of the educational offerings from The Merriman Financial Education Foundation, a registered 501(c)3.  If you found value in this podcast, here are four ways to support the podcast and our foundation: 1)    Leave a podcast review on your player of choice. 2)    Sign up for our biweekly newsletter at PaulMerriman.com 3)    Use our M1 Finance affiliate link if you are interested in setting up a brokerage account, using our portfolio suggestions. The Foundation will receive a one-time small fee at no cost to you. 4)    Consider making a tax-deductible donation to the Foundation to support our mission to provide financial education to investors.  Thank you!
57 min
The Rational Reminder Podcast
The Rational Reminder Podcast
Benjamin Felix & Cameron Passmore
Dr. Brian Portnoy and Josh Brown: Beyond the Orthodoxy - How Financial Pros Invest (EP.126)
Dr. Brian Portnoy and Josh Brown’s book How I Invest My Money, captures the stories and investment strategies of 25 top financial advisors. The book highlights that while there are established dogmas that tell you how and why you ought to invest, there is no ‘one-size-fits-all’ way to invest. Today we speak with Brian and Josh about the key insights that we can derive from their work. We open our conversation by exploring how they conceived and developed their book before talking about why fully rational investing is a myth. After diving into how we allocate money to solve our unique needs, Brian and Josh share how people use their portfolios to express themselves. We then discuss common investing themes in the book, including how most advisors have an aversion to debt, and how their experiences have guided their strategies and outlooks. From why we should place more value on social and human capital, we look into why financial planning has a profound impact on how you manage your investments. We touch on direct indexing, the relationship between money and happiness, and the unexpected yet incredible perspectives that came from giving advisors a license to tell their stories. Near the end of the episode, Brian and Josh reflect on how their book might have changed their views and how their work fits into their visions for the financial industry. Tune in to hear more on the usually secretive topic of how financial advisors invest their money. Key Points From This Episode: * Introducing Brian Portnoy and Josh Brown, authors of How I Invest My Money. [0:0:15] * Why we invest and reflections on commentary made by the Rational Reminder community. [0:02:58] * Josh shares his motivations for being transparent on where and how he invests. [0:05:25] * Hear about the genesis and subsequent development of Brian and Josh’s book. [0:07:19] * The common needs that individual investors have beyond getting a return. [0:10:18] * How the uniqueness of everyone’s life affects their investing decisions. [0:13:09] * Why there is no strict ‘right way’ to invest — invest according to what’s right for you. [0:14:35] * ESG investment and seeing your portfolio as a form of expression. [0:17:21] * Exploring common investment themes that arise in Josh and Brian’s book. [0:20:07] * How Brian and Josh developed their personal investing outlooks. [0:21:44] * Why we should place more value in human and social capital. [0:25:16] * Brian expands on why we should invest in human and social capital. [0:28:35] * The importance of financial planning in managing both your life and investments. [0:31:50] * Answering the question: is direct indexing the future for outcome-driven portfolios? [0:36:55] * Assessing a client’s risk profile as central to modern financial advising. [0:39:34] * Portfolio customization and direct indexing versus helping clients create a portfolio around their purposes. [0:40:58] * Funding contentment and the relationship between money and happiness. [0:42:22] * Whether the stories featured in their book have Brian and Josh’s views. [0:46:18] * When your life is your benchmark, how do you derive your portfolio benchmark. [0:49:15] * How their book fits into Brian and Josh’s visions for their industry. [0:54:43]
57 min
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