David shares nine lessons a listener followed to become a millionaire. Topics covered include: Show Notes There are no show notes for this episode. Episode Sponsors NetSuite Delete Me – Use code David20 to get 20% off Related Episodes 498: What I Learned Investing in the Past Decade 454: How To Invest – Ten Rules of Thumb for Individual Investors Transcript Download Transcript Welcome to Money for the Rest of Us. This is a personal finance … [Read more...]
539: Resilient Wealth in an Era of Infinite Money
What happens when the money supply grows too slowly or too quickly? From gold-standard deflation to QE-driven inflation and inequality, we trace the lessons of monetary history, and what we can do today to protect ourselves in an age of infinite money. Topics covered include: Show Notes Distribution of Household Wealth in the U.S. since 1989—The Federal Reserve M2 (M2SL)—FRED Good Versus Bad Deflation: Lesson from the Gold Standard Era by Michael D. Bordo, John … [Read more...]
528: Climbing the Wealth Ladder with Nick Maggiulli
How our spending, investing, and life strategy change as our net worth grows. We consider how skill, luck, discipline, relationships, and AI can allow us to ascend and, in some cases, descend the wealth ladder. Show Notes Of Dollars and Data The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life by Nick Maggiulli Ritholtz Wealth Management Episode Sponsors NetSuite LinkedIn Jobs – Use this link to post your job for free on LinkedIn … [Read more...]
430: How Should Personal and National Wealth Be Measured?
How we measure wealth, riches, abundance, and well-being is more important today than ever. Topics covered include: Show Notes An Inquiry into the Nature and Causes of the Wealth of Nations by Adam Smith—Early Modern Texts About Adam Smith—Adam Smith Institute An Inquiry Into the Nature and Origin of Public Wealth and Into the Means and Causes of Its Increase by The Earl of Lauderdale—McMaster University Principles for Dealing with the Changing World Order: Why Nations … [Read more...]
300: Ray Dalio and the Changing World Order
What are the forces that lead to the rise and fall of nations. Why does the U.S. appear to be in decline and what investors can do to prepare. Topics covered include: < Show Notes The Changing World Order: Where We Are and Where We're Going—Ray Dalio Episode Sponsors LinkedIn Learning Related Episodes 142: Why Are Some Countries Wealthier Than Others? 224: Mastering The Market Cycle 231: What Determines How Much You Make 260: Is This Why Interest Rates … [Read more...]
252: How To Become Wealthy
The three-step plan for becoming financially wealthy and how to be wealthy without the money. In this episode you’ll learn: The results of two recent surveys on wealth, investing and retirement planning.How much money do people believe they need to consider themselves wealthy.How is wealth distributed across the U.S. population and how wealthy are Americans?Why you need a simple financial plan.What are the three steps to becoming financially wealthy.How to live like you are already … [Read more...]
142: Why Are Some Nations Wealthier Than Others?
Poor nations work harder than rich ones. Why then are they still poor? In this episode you'll learn: Show Notes OECD Average Annual Hours Worked Per Worker Salaries In Mexico Numbeo Cost of Living The Facts of Economic Growth - Charles I. Jones BEA Gross Domestic Product By Industry data Exponential - Bruno Giussani - Edge Peer Street Wunder Capital Summary Article Why Are Some Nations Wealthier Than Others We were walking home from dinner the … [Read more...]
119: Investing Won’t Make You Rich
The primary role of investing is to preserve your wealth not grow it. How then do we grow our wealth? In this episode you'll learn: How having an income stream from the real economy is the way to growth wealth.How investing in public and private markets preserves wealth from inflation.The 5 things you need to know to invest: No one knows what is going to happen.You are going to make mistakes.You need to understand investment conditions.Investment returns are driven by math and … [Read more...]
88: Are You A Stock Or A Bond?
Our total wealth includes both financial and human capital, which is the value of our future employment earnings. How to consider both in your asset allocation. In this episode you'll learn: What is human capital.How human capital gets converted into financial capital.What is habitat utility.How do you factor human capital into your asset allocation.How insurance helps hedge human capital. Show Notes Are You A Stock or A Bond? Identify Your Own Human Capital For A Secure … [Read more...]
MNY038 Plus: Time Wealth and Japan
In this week's Money For the Rest of Us Plus episode, we expand our list of types of wealth to include social wealth and health wealth. I also discuss some paradoxes in Japan and how certain cultural pressures in the Japanese workplace decrease the level of time wealth. The episode length is 16 minutes. … [Read more...]
