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(985)

Rank #24 in Investing category

Business
Investing

Money For the Rest of Us

Updated about 1 month ago

Rank #24 in Investing category

Business
Investing
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A personal finance and investing podcast on money, how it works, how to invest it and how to live without worrying about it. J. David Stein is a former Chief Investment Strategist and money manager. For close to two decades, he has been teaching individuals and institutions how to invest and handle their finances in ways that are simple to understand. More info at moneyfortherestofus.com

Read more

A personal finance and investing podcast on money, how it works, how to invest it and how to live without worrying about it. J. David Stein is a former Chief Investment Strategist and money manager. For close to two decades, he has been teaching individuals and institutions how to invest and handle their finances in ways that are simple to understand. More info at moneyfortherestofus.com

iTunes Ratings

985 Ratings
Average Ratings
767
83
52
36
47

Great information, great delivery

By Dreasttum - Nov 16 2019
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Ps to ranger7810; the correct spelling is “waste”, as in your review.

Great!

By Limma voom - Sep 08 2019
Read more
Really appreciate the in depth treatment of some really diverse topics. Interesting every time!

iTunes Ratings

985 Ratings
Average Ratings
767
83
52
36
47

Great information, great delivery

By Dreasttum - Nov 16 2019
Read more
Ps to ranger7810; the correct spelling is “waste”, as in your review.

Great!

By Limma voom - Sep 08 2019
Read more
Really appreciate the in depth treatment of some really diverse topics. Interesting every time!
Cover image of Money For the Rest of Us

Money For the Rest of Us

Latest release on Jul 01, 2020

The Best Episodes Ranked Using User Listens

Updated by OwlTail about 1 month ago

Rank #1: Investing Won't Make You Rich

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#119 The primary role of investing is to preserve your wealth not grow it. How then do we grow our wealth?

Aug 10 2016

26mins

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Rank #2: How To Become Wealthy

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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 wealthy.


Thanks to WIX and Sleep Number for sponsoring the episode.

For show notes and more information on this episode click here.

  • [0:16] Schwab and Stash survey results.
  • [2:49] Saving vs. living paycheck to paycheck.
  • [4:29] How much does one need to be considered wealthy?
  • [7:44] The value of social security.
  • [9:23] The historical distribution of the country’s overall wealth.
  • [11:33] The importance of having a plan.
  • [13:38] Step One: increase your income.
  • [15:10] Step Two: increase your savings percentage.
  • [16:44] Step Three: increase your investment returns.
  • [23:57] It’s not about optimization. It’s about diversifying and learning.
  • [25:20] How to live like you are wealthy today.

May 15 2019

27mins

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Rank #3: Was Tulipmania Just Like Bitcoin?

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#182 What caused tulip mania in the 17th century in the Netherlands and how is it similar to Bitcoin?

Nov 22 2017

28mins

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Rank #4: Where Should You Invest Your Cash Savings?

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#220 How to evaluate cash savings options at banks, credit unions and brokerage firms. Why are yields on cash savings so much higher than a few years ago. How to tell if your bank or credit union is in experiencing financial difficulties. Thank you to Blinkist for sponsoring this week's episode.

For show notes and more information on this episode click here.

  • [0:10] All about banks, credit unions, and the pros and cons of cash savings
  • [4:47] How can banks and credit unions become financially unstable?
  • [14:25] The Federal Reserve is setting a new short term interest rate target
  • [15:55] What tools does the Federal Reserve have to keep short-term interest rates in line with its target?
  • [19:20] There are other options for investing your cash savings
  • [25:49] Is it really worth pursuing multiple investing options for your cash savings?

Sep 05 2018

27mins

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Rank #5: Why You Should Care About the Economy

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#6 Most people don't understand what the economy is, how it grows and what causes recessions. Nor do they care. This episode describes in simple terms how the economy works and why you should care so you can influence the quality of economic growth and its impact on the Earth's limited resources. Show notes at https://moneyfortherestofus.com/mny006-care-about-economy/

May 30 2014

24mins

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Rank #6: Is There Too Much Savings?

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#128 How holding onto goods longer before replacing them and a global savings glut impact the economy, interest rates and stock returns.

Oct 12 2016

27mins

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Rank #7: How To Get Financially Unstuck

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#115 Why we can't not invest due to fear and uncertainty. Plus how to tell if the stock market is overvalued and what to do about it. To get the U.S. stock market valuation charts, text the word "charts" to 44222

Jul 13 2016

31mins

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Rank #8: It's Just Money

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#134 Why we should be indifferent toward money and what are the risks of a dollar shortage.

Nov 23 2016

25mins

Play

Rank #9: How To Be A Minimalist Investor

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#111 How to be a minimalist both in life and investing. To get the Portfolio Charts summary sheet, text the word PORTFOLIOS to 44222. Show notes at http://moneyfortherestofus.net/mny111-minimalist-investor/

Jun 08 2016

27mins

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Rank #10: Do You Have Enough To Retire?

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#149 How to estimate how long your assets will last in retirement and the steps you can take to take make them last longer.

Mar 15 2017

30mins

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Rank #11: Four Investment Lessons From Warren Buffett

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#194 Four investment lessons from Berkshire Hathaway's fiscal year 2017 Shareholder Letter with additional insights from Howard Marks and Seth Klarman. More information, including show notes, can be found here.

Episode Summary

Every year, Berkshire Hathaway releases a letter written for their shareholders filled with information on their performance, portfolios, and investments. On this episode of Money For the Rest of Us, David digs into the 2017 letter and discusses four investment lessons Warren Buffet shares. It’s filled with great insights that any independent investor shouldn’t miss, so be sure to check out this informative episode.

Investment Lesson #1 – Use debt prudently

Buffett writes in this letter, “Investing is an activity in which consumption today is foregone in an attempt to allow greater consumption at a later date. ‘Risk’ is the possibility that this objective won’t be attained.” On this episode of Money For the Rest of Us, David encourages his listeners to utilize debt in such a way that maximizes future opportunities while also managing the risk that comes with taking on debt. He discusses the idea of “float” money, how one investor could have avoided losing half of his portfolio, how to manage margin calls, and why you have to be confident in your decisions as an independent investor.

Investment Lesson #2 – Keep your eyes open and focus on a few fundamentals

It takes patience, but independent investors can focus on the leading edge of the present and invest in ways that major corporations may not be able to do. One must simply be aware of the opportunities that are occurring right now as well as focus on a few fundamentals: valuations, economic trends, portfolio drivers, asset classes, etc. David quotes Buffet on this episode and explains that “Though markets are generally rational, they occasionally do crazy things. Seizing the opportunities then offered does not require great intelligence, a degree in economics or a familiarity with Wall Street jargon such as alpha and beta. What investors then need instead is an ability to both disregard mob fears or enthusiasms and to focus on a few simple fundamentals. A willingness to look unimaginative for a sustained period – or even to look foolish – is also essential.”

Investment Lesson #3 – Stick with easy decisions and avoid excessive trading

Unfortunately, trying to outsmart the market can lead to short-term gains but longer-term mediocrity in investing. David outlines a bet that Warren Buffett made with Protégé Partners and how Buffett learned that sticking with the big, easy decisions often pays off more than getting caught up in the minutia of constantly buying and selling. By making infrequent, larger decisions an independent investor can make better progress in their portfolio.

Investment Lesson #4 – Be willing to be early and look foolish

Investing is never a guaranteed game. All investors have a fear of looking foolish after making a decision, but Buffett explains that “A willingness to look unimaginative for a sustained period – or even to look foolish – is essential.” David talks about the importance of gaining experience, not becoming caught up in the crowd mentality, and understanding that the “dust never settles” when it comes to finances. There will always be risks to take, and timing can be unpredictable. But with considerable risk comes comfortable reward. For more great information on the 2017 Berkshire Hathaway Shareholder Letter, be sure to listen to this episode of Money For the Rest of Us.

Episode Chronology

[0:46] David introduces the topic for this episode, Four Investment Lessons from Warren Buffett

[2:15] Lesson #1 – Use debt prudently

[12:46] Lesson #2 – Keep your eyes open and focus on a few fundamentals

[17:17] Lesson #3 – Stick with easy decisions and avoid excessive trading

[24:00] Lesson #4 – Be willing to be early and look foolish

Feb 28 2018

33mins

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Rank #12: 10 Questions To Master Successful Investing

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What are the timeless principles we can follow in order to become better investors. 

Topics covered in this episode include:

  • How a book's permanence makes it different from a podcast.
  • How David's book got written and published and why his publisher just recalled the hardcover version of the book.
  • What are the 10 questions we should answer before we invest in anything.


Thanks to NetSuite and The Great Courses Plus for sponsoring the episode.

For show notes and more information on this episode click here.

  • [0:20] How David decided to write a book.
  • [3:00?] The right book can change your life.
  • [4:20] The art of writing a book.
  • [7:00] The extensive process of writing a book.
  • [9:57] Recording the audiobook.
  • [11:32] Question 1: What is it?
  • [13:36] Question 2: Is it investing, speculating, or gambling?
  • [14:32] Question 3: What is the upside?
  • [15:54] Question 4: What is the downside?
  • [16:42] Question 5: Who is on the other side of the trade?
  • [18:06] Question 6: What is the investment vehicle?
  • [18:58] Question 7: What does it take to be successful?
  • [20:20] Question 8: Who is getting a cut?
  • [21:03] Question 9: How does it impact your portfolio?
  • [22:05] Question 10: Should you invest?
  • [23:06] What happened to the book launch

Oct 23 2019

26mins

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Rank #13: Please Save More

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#83 Why individuals need to save more for retirement and how to figure out how much more you should save. Show notes at: http://moneyfortherestofus.net/mny083-please-save/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

Nov 18 2015

29mins

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Rank #14: How Worried Should You Be About the National Debt?

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#106 Why some nations are at risk of default on their national debt and others are not. Plus why the U.S. national debt will never be repaid. Show notes at http://moneyfortherestofus.net/mny106-national-debt/

May 04 2016

33mins

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Rank #15: Four Forces That Will Shape the Next Decade

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How climate change, money, trust and technology will interact to impact financial markets and the economy in the coming decade.

Topics covered include:

  • Why we change much more over a decade's time than we predict.
  • What is the best approach for transitioning to a new career.
  • What have stocks and bonds returned over the past decade and what are reasonable return expectations for the decade ahead.
  • Examples of how the impact of climate change is being priced into financial transactions.
  • Why Ray Dalio thinks the world has gone mad and the system is broken.
  • Why uncertainties regarding the creation, use and borrowing of money will be reflected in interest rates.
  • How trust and technology will impact global trade and productivity growth.


Thanks to Cove and Sleep Number for sponsoring the episode.

For show notes and more information on this episode click here.

Dec 18 2019

22mins

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Rank #16: Is The Economy Really Doing That Poorly?

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#125 How to thrive in an ever changing, increasingly complex economy.

Sep 21 2016

28mins

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Rank #17: Should You Invest In Individual Stocks?

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#3 Why investing in individual stocks can be so intoxicating and dangerous. What you should know before you try. Show notes at https://moneyfortherestofus.com/should-you-invest-in-individual-stocks-003/

May 18 2014

25mins

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Rank #18: The Universal Law You Need To Overcome To Thrive

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#141 How to overcome the second law of thermodynamics in investing and living.

Jan 18 2017

25mins

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Rank #19: Should You Buy A Vacation Home?

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#130 How changes in financial circumstances, property markets, zoning rules and personal taste can make owning an illiquid vacation property a risky proposition, but why we bought our dream place anyway (and then sold it).

Oct 26 2016

22mins

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Rank #20: Investing Rules of Thumb

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#34 Why simple investment rules are more accurate than complex formulas. Show notes at http://moneyfortherestofus.net/mny034-rules-of-thumb/ To sign up for the Money For the Rest of Us Insider's Guide text the word INSIDER to 44222.

Dec 10 2014

29mins

Play