https://play.acast.com/s/the-goldmine/dont-let-illusions-of-control-ruin-your-financial-goals We have less control over free will than we think. Does belief in power over open-ended systems like the financial markets make any sense? Despite the “pull yourself up by your bootstraps” society we live in, luck plays a tremendous role in success and failure. Do we have any influence over where and when…

Bad money relationships are worse than romantic debacles. High-intensity drama is painful. Living paycheck to paycheck generates worse long term negative effects. The divorce rate for couples over 50 has skyrocketed over the past 25 years. Differences over money are the number one reason in many circumstances. There are many ways why things go south…

https://player.acast.com/5fbe7dfb74be345c0b6fff2a/episodes/how-do-you-know-if-youre-saving-enough-for-retirement?theme=default&cover=1&latest=1 Who doesn’t want a prosperous retirement? The solution is simple but not easy. Become a capitalist. No need to make “Greed is good” your North Star.  It’s a simple concept; owners earn more than employees. Making money from savings instead of working for a paycheck is key. There are only so many hours in…

Never let a crazy market go to waste. GameStop’s astronomical rise of over 600% in two weeks is no exception. It seems a bunch of people on a Reddit message board and some trading Apps got together and plotted a strategy to stick it to the hedge funds. The Hedgies established massive short positions in…

https://player.acast.com/5fbe7dfb74be345c0b6fff2a/episodes/delete-junk-food-from-your-retirement-portfolio?theme=default&cover=1&latest=1 Long term planning contains short term costs. Short term thinking is much more expensive. Americans need to apply this thinking to their diets and portfolios. Nobody ever went wrong compounding money and eating healthy. Focusing on the latter, we eat terribly. According to Bill Bryson, The average American consumes twenty-two teaspoons of added sugar…