Money Pod: Recent Episodes
Jackson Wood
A podcast designed to help you understand all things related to money and personal finance.
Subscribe for all of our content: http://bit.ly/2NQz8EZ
Thanks for listening to this week's episode!
To get $10 off our course, use code "podcast" when checking out.
www.gumroad.com/liftoff
Notes:
Jackson covers Remdesivir and the medical system in the US: https://www.businessinsider.com/gilead-sciences-sets-price-for-coronavirus-drug-remdesivir-2020-6?utm_source=feedly&utm_medium=referral
Davy looks at the Vanguard 2020 How America Saves report: https://institutional.vanguard.com/ngiam/assets/pdf/has/how-america-saves-report-2020.pdf
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
To get our Launchpad for only $15 visit www.gumroad.com/liftoff
Thanks for listening!
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Jackson was interviewed on IG Live - here's the audio from the interview!
Subscribe for all of our content: bit.ly/2NQz8EZ
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Subscribe for all of our content: bit.ly/2NQz8EZ
Topics covered in Episode 10
● 1:12 – Market Volatility and Signs
● 13:06 – Recovery Rebate & SBA Programs (EIDL and PPP primarily)
● 23:56 – North Korea’s incredible COVID program
● 30:25 Q&A
- I invested my down payment for a home in the stock market. What should we do?
● 35:10 - Advisor Picks
- Davy recommends the BBC documentary on the Great Depression: https://www.youtube.com/watch?v=qlSxPouPCIM
- Jackson recommends the series on Amazon called Taboo starring Tom Hardy: https://www.fxnetworks.com/shows/taboo
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
We're still in the middle of this Coronavirus selloff, so here's what we are watching and thinking about.
Subscribe to the best weekly email finance: bit.ly/2NQz8EZ
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
We're back!
This episode is packed full of info about the recent market selloff, the Coronavirus (COVID-19) and what you should do to brace for tough times.
Please reach out with any questions! Stay safe!
Subscribe to the best weekly email finance: bit.ly/2NQz8EZ
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Topics covered in Episode 17
● 0:00 – Why we’ve been gone, and how Idaho is cold enough that the air hurts our face.
● 2:13 – Congress and the SECURE Act, along with finance ramifications
● 10:20 – Stealth Wealth and giving: https://www.cnbc.com/2016/08/29/janitor-secretly-amassed-an-8-million-fortune.html
● 18:10 Q&A
- How many people who actively invest to beat the market factor in the value of their time to do that?
- What are your goals for 2020?
● 25:16 – Advisor Pick of the Week
● Davy recommends foot warmers, because he has the worst circulation: https://www.walmart.com/ip/Toasty-Toes-Footrest-Space-Heater/17656514?wmlspartner=wlpa&selectedSellerId=0&adid=22222222227018077010&wl0=&wl1=g&wl2=c&wl3=51751683071&wl4=pla-83127904031&wl5=1016216&wl6=&wl7=&wl8=&wl9=pla&wl10=8175035&wl11=online&wl12=17656514&veh=sem&gclid=EAIaIQobChMI4c3j55fA5gIVryCtBh3Xgg1yEAQYAyABEgK03vD_BwE
● Jackson recommends Dark Waters, with Mark Ruffalo, Anne Hathaway, and many other famous people that we didn’t mention even though it could help our SEO.
Subscribe to the best weekly email finance: bit.ly/2NQz8EZ
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Topics covered in Episode 16
- 1:10 – Vanguard market perspective and forecast
- 9:50 – The end of trading fees?
- https://www.usnews.com/news/business/articles/2019-10-01/schwab-drops-stock-trading-commissions-as-fee-war-escalates
- 17:24 – Jackson’s attention span and changing the alphabet song.
- Mozart’s 12 variations on the theme: https://www.youtube.com/watch?v=9bK9h12Qdvs
- 21:15 Q&A
- How should I handle credit card debt, and should I take a 401(k) loan to help pay it off?
- 25:16 – Advisor Pick of the Week
- Davy recommends Sierra Trading Post, where you can get outdoor and activewear at huge discounts (which really helps in Idaho!): https://www.sierra.com/
Jackson recommends book ‘Living With Yourself, a season on Netflix starring Paul Rudd: https://www.netflix.com/title/80178724
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Topics covered in Episode 15
- 4:30 – Credit card points being allowed expire
- https://www.msn.com/en-us/money/credit/nearly-half-of-americans-have-let-their-airline-or-hotel-rewards-expire/ar-AAIpV7F
- 9:15 – Financial Independence and Unhappiness
- https://www.marketwatch.com/story/dominos-pizza-cfo-announces-new-1-billion-share-buyback-program-2019-10-08?siteid=rss
- 14:41 – Jackson declares that Davy is so smart.
- 15:43 – Regular rebalancing as a method to avoid timing risk
- https://awealthofcommonsense.com/2019/10/finance-topics-that-make-your-head-hurt/
- 30:30 Q&A
- Are you better off renting in the long run?
- What do you think about wedding loans?
- 35:40 – Advisor Pick of the Week
- Davy recommends two things:
- Mozart’s most famous clarinet concerto: Clarinet Concerto in A major, K.622: https://www.youtube.com/watch?v=YT_63UntRJE
- Not interrupting others (as highlighted by Joe Rogan’s face in this clip): https://www.youtube.com/watch?v=egIKAK3SuiE&feature=youtu.be&t=53s
- Jackson recommends Ryan Holiday’s book ‘Stillness is the Key’, a book on why slowing down is the key to a more effective life.
- Davy recommends two things:
Subscribe to the best weekly email in finance!
Thank you for listening!
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
NOTE: We had a bit of a connection problem while recording this episode. There's a bit of a timing issue in a few parts of the podcast. Topics covered in Episode 14
1:30 – Growth of McDonald’s over time:
https://www.cnbc.com/2019/09/25/what-a-1000-dollar-investment-in-mcdonalds-would-be-worth-after-10-years.html
4:32 – Ethical and filtered investment strategies and portfolios
17:36 – Financial Independence and Unhappiness
https://www.madfientist.com/best-and-worst-about-fi
19:30 E-cigarette & vaping investing
https://markets.businessinsider.com/news/stocks/vape-bans-threaten-hedge-funds-800-million-investment-in-njoy-2019-9-1028555785
26: Q&A
How to make and follow a budget properly?
46:14 - Advisor Pick of the Week
Davy recommends the ADCCs (Abu Dhabi Combat Club), which is one of the most prestigious grappling tournaments in the world! You can see a lot of snippets online from the 2019 run.
Jackson recommends Edward Snowden’s book, Permanent Record.
Thanks so much for listening! Subscribe to the best email in all of finance: http://bit.ly/2NQz8EZ
Topics covered in Episode 13
6:58 – Student Loan Forgiveness Rejection
https://www.npr.org/2019/09/05/754656294/congress-promised-student-borrowers-a-break-then-ed-dept-rejected-99-of-them https://www.forbes.com/sites/zackfriedman/2019/05/01/99-of-borrowers-rejected-again-for-student-loan-forgiveness/#1900572ab16b
17:36 – Active Investing surpassed by Passive Investing
https://www.bloomberg.com/news/articles/2019-09-11/passive-u-s-equity-funds-eclipse-active-in-epic-industry-shift
30:04 Q&A
What do you wish you’d learned in school about taxes? What do you wish you’d learned in school about the value of time?
46:14 - Advisor Pick of the Week
Davy recommends decluttering, which is the process of getting rid of things that you don’t need! You can check out some basic tips here: https://www.thespruce.com/decluttering-your-entire-home-2648002 Jackson recommends picking a physical challenge that pushes you outside of your comfort zone, be it a race, hitting the gym, or signing for a new class.
We're starting a fun new segment on the podcast called "What I Wish They Taught Me." We're going to talk about money topics that you wish they were teaching in school. We'd love to hear your stories and experiences. Tweet us your stories at www.twitter.com/jacksonwoodHQ or use the hashtag #WhatIWishTheyTaughtMe to tell your story. We look forward to hearing what you have to say. Please give us a rating and review. Thank you for listening! Subscribe to the best email list in finance!
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Topics covered in Episode 12
- 1:33 - Net Worth Percentile Calculator -
- https://dqydj.com/net-worth-percentile-calculator-united-states/
- 14:20 - Tesla and SolarCity -
- https://www.vanityfair.com/news/2019/08/how-elon-musk-gambled-tesla-to-save-solarcity
- 22:26 - Vegan Chicken, KFC -
- https://www.livekindly.co/customers-line-up-down-the-street-for-vegan-kfc/
- 31:02 - Q&A -
- Buying a house at 18 years old
- Best and quickest way to tackle debt
- How much should I have saved for retirement in 30 years
- 43:40 - Advisor Pick of the Week
- David recommends a Kansas Album
- https://www.youtube.com/watch?v=9iDcfG--m2Q
- Jackson recommends watching John Wick 3
- David recommends a Kansas Album
Thank you for listening!
Subscribe to the best email in finance here: http://bit.ly/2NQz8EZ
See ya next week!
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Topics covered in Episode 11
- 1:15 – Cryptocurrency discussion –
- https://medium.com/@nic__carter/fifteen-dead-cryptocurrency-predictions-twelve-months-on-d08e7b310ff1
- 22:40 – Popeye’s Chicken launching a sandwich
- https://www.usatoday.com/story/money/food/2019/08/19/popeyes-and-chick-fil-chicken-sandwiches-battle-heats-up/2054989001/
- 28:30 Simon-Erlich Wager
- https://en.wikipedia.org/wiki/Simon%E2%80%93Ehrlich_wager
- 37:30 Q&A
- How to save for the future with a toddler, and I’ve already cut non-essential expenses?
- In your opinion, what are the top two ways to build wealth?
- Should I pay off my zero-interest credit cards, or let the wealth build up in savings accounts?
- 35:10 - Advisor Pick of the Week
- Davy recommends Basic Economics, a book by Thomas Sowell about how to approach the topic for a layperson: https://www.youtube.com/watch?v=dQiBD-crrvA
- Jackson recommends the recent heavyweight match between Stipe Miocic and Daniel Cormier!
Subscribe to the best weekly email in finance: http://bit.ly/2NQz8EZ
Thanks for listening!
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Topics covered in Episode 10
- 1:44 – US market and world market discussion –
- https://www.bloomberg.com/news/articles/2019-08-15/argentina-markets-terrible-horrible-week-finally-gets-better
- https://markets.businessinsider.com/news/stocks/walmart-stock-price-jumps-on-earnings-beat-and-increased-outlook-2019-8-1028449891
- https://markets.businessinsider.com/news/stocks/ge-stock-madoff-whistleblower-markopolos-calls-it-worse-than-enron-2019-8-1028450117
- 19:44 – Article Discussion – Online ads
- https://www.nytimes.com/2007/01/15/business/media/15everywhere.html
- https://stopad.io/blog/ads-seen-daily
- 28:13 Q&A
- With the inverted yield curve, should we be waiting to buy a home in Bozeman, MT?
- How two teachers should work to pay down student loans.
- 35:10 - Advisor Pick of the Week
- Davy recommends AdBlock, so you can stop seeing ads everywhere: https://adblockplus.org/
- Jackson recommends a new single by Tool, Fear Inoculum: https://www.youtube.com/watch?v=q7DfQMPmJRI
Subscribe to the best email in finance: http://bit.ly/2NQz8EZ
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Topics covered in Episode 9 ● 1:18 - Article Discussion - “Taco Bell faced a barrage of complaints after its Palm Springs hotel sold out in 2 minutes“ – https://markets.businessinsider.com/news/stocks/taco-bell-complaints-palm-springs-hotel-sold-out-2-minutes-2019-8-1028408852 ● 4:20 – Food Discussion - Pizza Hut vs. Dominos, and why Davy is right (because he writes the show notes) ● 10:36 – Article Discussion – “The Problem With FIREing At 4% And The Need For Flexible Spending Rules” - https://www.kitces.com/blog/the-problem-with-fireing-at-4-and-the-need-for-flexible-spending-rules/ ● 17:45 – Article Discussion – “Dawn Bennett sentenced to 20 years in federal prison” - https://www.investmentnews.com/article/20190731/FREE/190739982/dawn-bennett-sentenced-to-20-years-in-federal-prison?utm_source=twitter&utm_medium=social&utm_campaign=socialflow ● 25:14 Q&A
401(k) – should you contribute to that, or elsewhere? What do you do when one person is a relationship is saving oriented, and the other is a spender? Are high interest savings accounts good for saving for a home? What should I look for when finding a good lender as a first time home buyer? How much should I accumulate in my debit account before moving out of my parents’ house? How can I get my husband to follow our budget? What is the smartest way to get rid of credit card debt?
● 35:10 - Advisor Pick of the Week
Davy recommends Flower for Algernon, a short story about intelligence, self-awareness, and our place in the world: https://www.sdfo.org/gj/stories/flowersforalgernon.pdf Jackson recommends The Courage to be Disliked: https://www.amazon.com/Courage-Be-Disliked-Phenomenon-Happiness/dp/1501197274/ref=asc_df_1501197274/?tag=hyprod-20&linkCode=df0&hvadid=245369089410&hvpos=1o1&hvnetw=g&hvrand=11301795237024245766&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=1016216&hvtargid=pla-554722105364&psc=1
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Topics covered in Episode 8
● 1:13 - Article Discussion “Plan to save truckers' and miners' pensions is running out of time “– https://www.msn.com/en-us/money/markets/plan-to-save-truckers-and-miners-pensions-is-running-out-of-time/ar-AAEQA6y ● 10:53 – Article Discussion – GRindexing - https://kc-roi.com/blog/grindexing ● Q&A ○ 18:38 – Is it good to pre-pay for a funeral or funerary expenses? ○ 22:39 – Is it worth it contribute to my husband’s 401(k), given that we are living paycheck to paycheck? ● 28:00 – Discussion of the Federal Reserve Meeting, and the potential impacts of a rate change ● 35:10 - Advisor Pick of the Week ○ Davy recommends the Oxford Union Talks, a series of long-form interviews and debates from Oxford University: https://www.youtube.com/user/OxfordUnion ○ Jackson recommends Comedians in Cars Getting Coffee, a series by Jerry Seinfeld where he talks about life with comedians of all ages: https://www.netflix.com/title/80171362
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Topics covered in Episode 7
- 3:40 - Beyond Meat vs. Blue Apron – the danger of gambling on IPOs
- 9:06 – Article Discussion – 5 Ways Your Health Can Affect Your Money - https://www.forbes.com/sites/learnvest/2015/01/22/5-ways-your-health-can-affect-your-money/#3e3a1d9e28b6
- 14:10 – Reddit thread discussion – https://www.reddit.com/r/financialindependence/comments/cdu8k5/32_black_woman_single_mom_raised_in_hood_drug/?utm_source=share&utm_medium=ios_app
- Q&A
- 22:00 – Mutual Funds, the Robinhood App, and is a Recession Coming?
- 28:05 – The Acorn app, and should I should use index funds?
- 35:35 - Advisor Pick of the Week
- Davy recommends Factfulness, a book by a world-famous doctor on how our perception of the world is almost certainly wrong: https://www.amazon.com/dp/B0756J1LLV/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
- Jackson recommends an article regarding pessimism: https://www.collaborativefund.com/blog/the-seduction-of-pessimism/
Thank you for listening!
Don't forget to subscribe to the best email list in finance: http://bit.ly/2NQz8EZ
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Topics covered in Episode 6
- 1:40 - Fiduciary issue with CFP designation holders (https://www.investopedia.com/what-is-the-sec-s-regulation-bi-best-interest-rule-4689542)
- 6:58 - Trends that will End with Baby Boomers
- 16:50 - Pete the Planner and whether or not 30 year mortgages are worth it
- Q&A
- 23:00 - What are the best finance books?
- 26:10 - Used car or new car?
- 31:20 - Advisor Pick of the Week
- Davy recommends kettle bells, an alternative to dumbbell or barbell workouts that give you a tremendous amount of flexibility in workout options while letting you perform tons of compound lifts.
- Jackson recommends turning your phone off and going on a walk with people you love!
Thank you for listening!
Don't forget to subscribe to the best email list in finance: http://bit.ly/2NQz8EZ
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Show notes from The Nativist Podcast
I’ve said it before and I’ll say it again: Life is about balance. I sit down with money guru Jackson Wood to discuss how to be financially responsible while still, you know…LIVING LIFE. If you want to be smart with your money without compromising on the pleasures in life, this is your jam. Prepare to be monetarily motivated. You can find Jackson Wood at:
Website: https://liftoffplanning.com/ Instagram: www.instagram.com/jacksonwoodHQ
Link to The Nativist: https://www.thenativist.net/podcast Thanks for listening!
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Topics covered in Episode 5
- 1:35 - US Jobs Report released
- 8:10 - Article discussion - Segmenting Retirement Expenses Into Core Vs. Adaptive To Create Retirement Buckets - https://www.kitces.com/blog/retirement-buckets-essential-discretionary-core-adaptive-bridge/
- 19:35 Q&A
- 13:49 - Do you pursue real estate investments that cash flow and pay you monthly?
- 17:27 - How do you pick a financial planner, and how much do they charge?
- 23:34 - Does putting money in an IRA lower your tax burden?
- 34:40 - Advisor Pick of the Week
- Davy recommends mint.com, a free website that lets you track the basics of your finances.
- Jackson recommends blue light blocking glasses, which help filter out light frequencies that disrupt your sleep schedule.
Topics covered in Episode 4
● 2:00 - Article discussion ‘Live Rich, Die Poor’ by Tony Isola - https://tonyisola.com/2019/06/live-rich-die-poor/ ● 10:00 - Article discussion ‘43% of Millennials Aren’t Investing - and That’s a Problem’ by Karen Doyle - https://finance.yahoo.com/news/43-millennials-aren-t-investing-090000387.html ● 14:15 - Article Discussion “The Best Ten Years Ever” by Michael Batnick - https://theirrelevantinvestor.com/2019/07/03/the-best-ten-years-ever/ ● 19:35 Q&A ○ 19:35 - Best way to save for a house? ○ 22:59 - Should you save when you’re paying off your debts? ○ 28.17 - Minimum amount of retirement savings needed? ● 34:40 - Advisor Pick of the Week ○ Davy recommends Mixed Martial Arts, because talk is cheap, and being able back up talk is what counts! ○ Jackson recommends travel: the experiences, the time with family, and the memories!
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Topics covered in Episode 3
- 1:44 - Facebook launching Libra as a cryptocurrency
- 8:12 - Article Discussion “Everything You Are Being Told About Saving & Investing Is Wrong – Part I” by Lance Roberts - https://realinvestmentadvice.com/everything-you-are-being-told-about-saving-investing-is-wrong-part-i/
- 14:55 - Article Discussion “Your Seven-Day Money Challenge” - https://www.nytimes.com/programs/money-challenge
- 17:00 Q&A
- 16:10 - How should a young person start investing?
- 21:09 - Bitcoin? (Where does it belong in a portfolio?)
- 26:06 - How can you make sure to be secure in retirement without using a 401k or stocks?
- 29:40 - Advisor Pick of the Week
- Davy recommends McMansion Hell, a blog that discusses design flaws with McMansions and their associated landscaping: https://mcmansionhell.com/
- Jackson recommends is a TV Series called The Handmaid’s Tale
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Submit your questions to: www.twitter.com/jacksonwoodHQ Topics covered in Episode 1
1:16 - Millennials living at home - https://www.cbsnews.com/news/more-millennials-are-living-at-home-than-at-any-other-time-this-century/ 5:04 - Joe McClean financial advisor for the NBA - https://www.nytimes.com/2019/06/06/business/nba-wealth-manager-klay-thompson-joe-mclean.html 9:50 - Beyond Meat - the power of innovation 10:15 - Student loan repayments 16:00 Q&A
16:10 - Index funds for young couples 21:09 - Accounts to start for children 26:06 - IRA and retirement savings if you’re already contributing up the match
25:25 - Advisor Pick of the Week
Davy recommends The Number of the Beast, a rock album by Iron Maiden! Jackson recommends is a book: I will teach you to be Rich by Ramit Sethi
As always, please leave us a review.
Thanks for listening!
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Here's an introduction to who we are, what we do, and why we started the podcast.
Topics covered in Episode 1
- 1:50 - Personal Introductions
- 5:34 - Morehouse College grads have their student loan balances completely paid off: https://www.msn.com/en-us/money/careersandeducation/a-pledge-to-pay-morehouse-students-debt-prompts-elation-envy-and-a-host-of-questions/ar-AABJyBC?li=BBnbfcN
- 10:15 - Student loan repayments
- 15:55 Q&A
- 15:55 - Mortgages, down payments, and mortgage insurance - a general overview
- 23:00 - 401k vs. a Roth IRA: explaining the differences between them and their uses
- 25:25 - Advisor Pick of the Week
- Davy recommends Call the Midwife, a BBC show about midwives in post WW2 England.
- Jackson says you should check out Chernobyl, an HBO miniseries on the eponymous Ukrainian reactor.
Send us questions on Twitter at @jacksonwoodHQ
Follow our company on Twitter at @liftoffplanning
Thanks for listening!
This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app