How to balance saving, investing, and spending for a fulfilling life. Why you will probably reach your peak net worth sooner than you think and should start drawing down your nest egg earlier. Why we can't optimize for a fulfilling life but can still have one. Topics covered include: How to estimate how much to spend from your retirement assets so you die with zero What is time bucketing, and why it doesn't work for everyone How to balance the fear of making a change with the … [Read more...]
438: Why Are You Investing? Defining Your Rich Life with Ramit Sethi
Camden and Bret sit down with Ramit Sethi, host of Netflix’s hit show, "How to Get Rich", author of the New York Times bestseller, “I Will Teach You To Be Rich" and host of the popular "I Will Teach You To Be Rich" podcast. He is known for his unconventional insights on money psychology and his no-nonsense approach to designing and living a rich life. Ramit's financial philosophy is centered around several key principles, including the importance of automating your finances, using money … [Read more...]
278: You Have Permission to Spend
Two Money For the Rest of Us podcast listeners are struggling with spending money. The first listener is 22 and lives in Canada. He feels as if his money is going everywhere such as saving for a house, car, and retirement, but very little goes to things he enjoys. The second listener is 46 with a $2 million net worth, but in his case, he finds he doesn’t enjoy spending money on himself. He is willing to spend money on his wife and two children, but he still finds himself feeling tight, … [Read more...]
244: Are You Spending Too Much? (FIRE Edition)
How we can use filters to better manage how much we spend and make sure our spending has a meaningful impact on ourselves and the world. Photo by Andreas Wagner In this episode you’ll learn: How Stoics found a balance between wealth and wisdom.What is the difference between what is elemental, necessary, useful and superfluous.What are the filters we can use to spend more wisely. Show Notes Letters From A Stoic by Seneca A Philosophy of Walking by Frédéric Gros Mr. Money … [Read more...]
222: Why We Overpay and How It Contributes To Income Inequality
How asymmetric information, price discrimination and the stories we tell ourselves contribute to artificial profits and income inequality. Photo by Frame Harirak In this episode you’ll learn: What are rents in terms of artificial profits.What is value based pricing?How the stories we tell ourselves influence what we buy and how much pay.Why are companies destroying billions of dollars of their own products Show Notes A Look At Coca-Cola's Advertising Expenses - … [Read more...]
149: Do You Have Enough To Retire?
How to estimate how long your assets will last in retirement and the steps you can take to take make them last longer. Photo by Morre Christophe In this episode you'll learn: Has a secular bear bond market started.How to determine a bond fund's interest rate risk.How to do a mind the gap analysis to estimate how long retirement assets will last.Why there is not a compelling benefit to adding U.S. small cap stocks to a portfolio in the current market environment. Show … [Read more...]
146: How To Decide What To Buy
How to optimize your purchase decisions and why eliminating negatives can increase happiness more than buying more stuff. Girl in Chiapas left in my care as her mother went to get change as discussed in the episode. In this episode you'll learn: What is adaptive preference. Why buying things doesn't make us happy. What are examples of negativity bias. How eliminating negatives in our life can increase our happiness. Show Notes What Scientific Term Or Concept Ought … [Read more...]
