
Money Pod
By Jackson Wood
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Money PodJun 29, 2020

23. Universal Healthcare, Americans are ACTUALLY SAVING MONEY, Gilead Pharmaceuticals
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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

22. Coronavirus, Day trading stonks, Launchpad
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21. Jackson gets interviewed, Finance Q&A, Hot Stocks 🔥
Jackson was interviewed on IG Live - here's the audio from the interview!
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20. Trump Bucks, Getting "Bat" to Normal
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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
19. Stimulus Package, Emergency Funds, Economics
We're still in the middle of this Coronavirus selloff, so here's what we are watching and thinking about.
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18. Coronavirus, Impending Doom, Silver Linings
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!
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17. SECURE Act, the $8 million Janitor, and the Jeff Bezos of Jiu Jitsu
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.
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16. Free Trades!, Stock Picking, Paul Rudd, Q&A
Topics covered in Episode 16
1:10 – Vanguard market perspective and forecast9:50 – 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

15. Credit Cards, More Pizza, Rebalancing Portfolios, Q&A
Topics covered in Episode 15
4:30 – Credit card points being allowed expirehttps://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.
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14. McDonald's, Vaping, Fighting Joe Rogan

13. Student Loan Forgiveness, Passive Investing, What I Wish They Taught Me

12. Net Worth, Tesla and Elon Musk, Vegan Chicken, Q&A
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 3Thank you for listening!
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See ya next week!

11. Cryptocurrency, Popeyes, Credit Cards, Q&A
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
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10. Market Crash, Walmart vs. GE, Buying a Home, Q&A
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=q7DfQMPmJRISubscribe to the best email in finance: http://bit.ly/2NQz8EZ

9. Domino's vs Pizza Hut, Magic Indian Rituals, Lots of Q&A

8. Pensions are screwed, Skiing at 100, Q&A

7. Gold Medals, 100k Net Worth, Blue Apron, Q&A
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!
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6. Millennials Kill Everything, Buying a Home, Q&A
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!
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Bonus - 1. Balancing Money and Life
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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: liftoffplanning.com/
Instagram: www.instagram.com/jacksonwoodHQ
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Link to The Nativist: www.thenativist.net/podcast
Thanks for listening!

5. Recession(?), Spending Money, Q&A
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.
4. The Good Life, Millennials, Investing, Q&A

3. Bitcoin, Facebook, Q&A
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
2. Basketball, Beyond Meat, Q&A

1. Student Loans, Mortgages, Q&A
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!