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Money Pod

Money Pod

By Jackson Wood

A podcast designed to help you understand all things related to money and personal finance.

Subscribe for all of our content: bit.ly/2NQz8EZ
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23. Universal Healthcare, Americans are ACTUALLY SAVING MONEY, Gilead Pharmaceuticals

Money PodJun 29, 2020

00:00
29:41
23. Universal Healthcare, Americans are ACTUALLY SAVING MONEY, Gilead Pharmaceuticals
Jun 29, 202029:41
22. Coronavirus, Day trading stonks, Launchpad

22. Coronavirus, Day trading stonks, Launchpad

To get our Launchpad for only $15 visit www.gumroad.com/liftoff


Thanks for listening! 

Jun 22, 202041:00
21. Jackson gets interviewed, Finance Q&A, Hot Stocks 🔥
Apr 13, 202049:56
20. Trump Bucks, Getting "Bat" to Normal

20. Trump Bucks, Getting "Bat" to Normal

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
Apr 09, 202043:34
19. Stimulus Package, Emergency Funds, Economics
Mar 24, 202039:44
18. Coronavirus, Impending Doom, Silver Linings
Mar 23, 202035:58
17. SECURE Act, the $8 million Janitor, and the Jeff Bezos of Jiu Jitsu
Dec 18, 201940:26
16. Free Trades!, Stock Picking, Paul Rudd, Q&A

16. Free Trades!, Stock Picking, Paul Rudd, Q&A

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



Nov 04, 201931:22
15. Credit Cards, More Pizza, Rebalancing Portfolios, Q&A

15. Credit Cards, More Pizza, Rebalancing Portfolios, Q&A

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.


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Thank you for listening!

Oct 18, 201942:48
14. McDonald's, Vaping, Fighting Joe Rogan

14. McDonald's, Vaping, Fighting Joe Rogan

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
Oct 08, 201941:08
13. Student Loan Forgiveness, Passive Investing, What I Wish They Taught Me

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

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! 
Sep 18, 201950:55
12. Net Worth, Tesla and Elon Musk, Vegan Chicken, Q&A

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 3


Thank you for listening!


Subscribe to the best email in finance here: http://bit.ly/2NQz8EZ


See ya next week! 

Sep 03, 201948:07
11. Cryptocurrency, Popeyes, Credit Cards, Q&A

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


Thanks for listening! 

Aug 21, 201954:23
10. Market Crash, Walmart vs. GE, Buying a Home, Q&A

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=q7DfQMPmJRI


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Aug 15, 201940:08
9. Domino's vs Pizza Hut, Magic Indian Rituals, Lots of Q&A

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

   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
Aug 06, 201950:41
8. Pensions are screwed, Skiing at 100, Q&A

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

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
Jul 31, 201943:36
7. Gold Medals, 100k Net Worth, Blue Apron, 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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Jul 24, 201939:59
6. Millennials Kill Everything, Buying a Home, Q&A

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!

Don't forget to subscribe to the best email list in finance: http://bit.ly/2NQz8EZ

Jul 17, 201936:53
Bonus - 1. Balancing Money and Life
Jul 15, 201954:31
5. Recession(?), Spending Money, Q&A

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.
Jul 10, 201933:13
4. The Good Life, Millennials, Investing, Q&A

4. The Good Life, Millennials, Investing, Q&A

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!
Jul 05, 201942:41
3. Bitcoin, Facebook, 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


Jun 25, 201934:35
2. Basketball, Beyond Meat, Q&A

2. Basketball, Beyond Meat, Q&A

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! 
Jun 17, 201932:03
1. Student Loans, Mortgages, 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! 

May 22, 201928:47