One year after the release of ChatGPT, we explore the positive and negative paths AI could take and what individuals can do to assist with a positive outcome. Topics covered include: How David uses AI to increase his personal productivity The societal and economic impacts of AI, including its potential to enhance corporate profitability and individual productivity Changes at OpenAI's executive level are examined, highlighting a shift in the organization's direction and philosophy What is Effective Altruism and why is it so focused on the catastrophic risks of AI What are the phases that would lead to a singularity in which AI poses a threat to humanity Why AI is still in the early stages, and how should individuals, businesses and regulators treat it at this point Sponsors Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code Money Pickle – Schedule a free 45-minute video chat with a vetted financial advisor and ask them anything about your financial situation. Go here to schedule your free session. Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter. Show Notes Everyday Chaos: Technology, Complexity, and How We're Thriving in a New World of Possibility by David Weinberger—Harvard Business Publishing Education The economic and market impact of artificial intelligence—Capital Economics The Fight for the Soul of A.I. by David Brooks—The New York Times How a Fervent Belief Split Silicon Valley—and Fueled the Blowup at OpenAI by Robert McMillan and Deepa Seetharaman—The Wall Street Journal A.I. Belongs to the Capitalists Now by Kevin Roose—The New York Times The ‘AI doomers’ have lost this battle by Benedict Evans—The Financial Times Effective Altruism 80,000 Hours What is the AI alignment problem and how can it be solved? by Edd Gent—NewScientist See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this bonus episode, David visits with Bill Yount and Becky Heptig of the Catching Up to Fi podcast in a wide-ranging discussion on investing using a systematic checklist approach. Sponsors Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code LinkedIn Jobs – Use this link to post your job for free on LinkedIn Jobs Money Pickle – Schedule a free 45-minute video chat with a vetted financial advisor and ask them anything about your financial situation. Go here to schedule your free session. Masterworks – invest in contemporary art Masterworks Disclosure: “net IRR” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold, and past performance is not indicative of future results. See important Reg A disclosures: Masterworks.com/cd  Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter. Show Notes Catching Up to FI Money for the Rest of Us book See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What are the economic and cultural benefits of tourism. What are the downsides to too much tourism. How to find the right balance. Topics covered include: How short-term rentals have changed tourism How cities grapple with too many short-term rentals What is the outlook for short-term rentals How much does tourism contribute to economic output How can tourism be harmful and helpful The example of Cuba Sponsors Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code LinkedIn Jobs – Use this link to post your job for free on LinkedIn Jobs Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter. Show Notes International tourism revenue, percent of GDP - Country rankings—The Global Economy U.S. Travel and Tourism Satellite Account for 2017–2021 by Sarah Osborne—Journal of US Bureau of Economic Analysis 2023 Short-Term Rental Mid-Year Outlook—AirDNA Welcome to Hochatown, the Town Created by Airbnb by Julie Satow—The New York Times Short-Term Rentals Attract Private Equity Seeking New Asset Class by Sean O'Neill—Skift As Cuba’s economic crisis deepens, citizens scramble to migrate by any means by Dave Sherwood—The Irish Times Cuba's worst economic crisis in decades forces people to get creative to survive by Eyder Peralta—NPR Related Episodes 93: Capitalism, Complexity and Cuba 389: Is Airbnb Intensifying the Housing Crisis? 449: The House of Cards: Evaluating Economic and Financial Warning Signs See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What are the pros and cons of partially funding retirement expenses with an inflation-indexed bond ladder versus an immediate annuity? There is a big downside to TIPS ladders that many investors don't realize. Topics covered include: Why the stock market is more risky than many people realize Is it too late to invest in TIPS as one advisor suggests How TIPS and TIPS ladders work How immediate annuities work The pros and cons of a TIPS ladder versus an immediate annuity Sponsors NetSuite – Get your free KPI checklists Monarch Money – Get an extended 30-day free trial Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter. Show Notes Effortless: Make It Easier to Do What Matters Most by Greg McKeown Essentialism: The Disciplined Pursuit of Less by Greg McKeown Skin in the Game by Nassim Nicholas Taleb Worry-Free Investing: A Safe Approach to Achieving Your Lifetime Financial Goals by Zvi Bodie and Michael J. Clowes Safe Haven: Investing for Financial Storms by Mark Spitznagel A Complete Guide to Investing in I Bonds and TIPS TipsLadder See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We discuss ten rules of thumb for individual investors to consider when saving and investing for and in retirement. Don't use institutional hand-me-downs Stay close to home base Beware of dragon risk Mind your investment seasons Catch the popping corn Watch for market swarms Track the economic winds Follow the traffic lights Diversify your baskets Don't burn your ships Sponsors Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code Monarch Money – Get an extended 30-day free trial Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter. Show Notes How to Invest Money E-book Related Content Complete Guide to Mortgage REIT Investing - Money for the Rest of Us Complete Guide to Equity REIT Investing - Money for the Rest of Us Episode 451: How Much Should You Invest in Stocks See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Interest rates have been sliding for seven centuries. Dive into the historical forces driving this trend and examine whether the recent interest rate spike is just a blip on the radar. Topics covered include: How the supply of savings and the demand to borrow impact interest rates Why have interest rates been falling for over 700 years, and what might have changed recently to propel rates higher How lower rates have helped households increase their net worth and reduce their financial vulnerability What are some lower-risk ways to take advantage of higher interest rates Sponsors Money Pickle – Schedule a free 45-minute video chat with a vetted financial advisor and ask them anything about your financial situation. Go here to schedule your free session. LinkedIn Jobs – Use this link to post your job for free on LinkedIn Jobs Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter. Show Notes The Price of Money Is Going Up, and It’s Not Because of the Fed by Jamie Rush, Martin Ademmer, Maeva Cousin, Tom Orlik, and Rich Miller—Bloomberg Secular stagnation is not over by Olivier Blanchard—Peterson Institute for International Economics A big problem looming for bond markets by TOMASZ WIELADEK—The Financial Times Eight centuries of global real interest rates - Paul Schmelzing - Bank of England Changes in U.S. Family Finances from 2019 to 2022—The Federal Reserve A Complete Guide to Investing in I Bonds and TIPS Related Episodes 448: Where Are Interest Rates Headed Next? Insights from the Jackson Hole Symposium 450: How Higher Interest Rates Alter Our Financial Blueprint 452: Beyond Stocks: The Allure and Strategy of Credit Investments See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Why investing in non-investment grade bonds, leveraged loans, and preferred stocks is potentially more compelling than investing in common stocks at present. Topics covered include: Why Howard Marks told institutional clients to sell stocks and buy high-yield bonds instead The contractual agreements comprising bonds, leveraged loans, and preferred stock give them an advantage relative to common stocks How preferred equity exhibits attributes of both bonds and common stocks What is the expected return and risks for high-yield bonds, leveraged loans, and preferred stock How do we invest in these three asset types Sponsors Delete Me - Use code David20 to get 20% off- To get 20% off Delete Me go tohttps://joindeleteme.com/david20 and use Code David20 Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code Show Notes Sea Change - Memo by Howard Marks Further Thoughts on Sea Change - Memo by Howard Marks Investments Mentioned SPDR Bloomberg High Yield Bond ETF (JNK) iShares iBoxx High Yield Corporate Bond ETF (HYG) Invesco Senior Loan ETF (BKLN) iShares Preferred Stock ETF (PFF) Virtus Seix Senior Loan ETF (SEIX) DoubleLine Flexible Income Fund (DFLEX) BlackRock Debt Strategies Fund (DSU) Barings Corporate Investors Fund (MCI) Related Content 397: How to Invest Based on Cycles 451: How Much Should You Invest in Stocks? The Art of Position Sizing in a Volatile Market 423: A “Safe” 6% Yield: The Case for Investment Grade CLOs How to Invest in Closed-End Funds Money for the Rest of Us Closed-End Fund Course See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Our allocation to risky assets should vary based on the expected return, volatility, risk aversion, and how much we can earn risk-free. That means we should be taking less risk right now. Listen to learn why. Topics covered include: Why there are so few billionaires Why the hedge fund Long Term Capital Management imploded Why how much to invest is more important than where to invest How the Merton share formula can assist with determining what percent of our wealth to invest in risky assets Why are expected outcomes so much greater than the median outcome and why it matters to our investing Sponsors Delete Me - Use code David20 to get 20% off - To get 20% off Delete Me go to https://joindeleteme.com/david20 and use Code David20 Masterworks – invest in contemporary art Masterworks Disclosure: “net IRR” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold, and past performance is not indicative of future results. See important Reg A disclosures: Masterworks.com/cd  Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter. Show Notes How to avoid a common investment mistake - Buttonwood - The Economist The Missing Billionaires: A Guide to Better Financial Decisions by Victor Haghani and James White Money For the Rest of Us List of Most Influential Books Charles Feeney, Who Made a Fortune and Then Gave It Away, Dies at 92 - New York Times Elm Partners Coin Flip Exercise Evaluating gambles using dynamics - O. Peters and M. Gell-Mann Related Content 250: Investing Rule One - Avoid Ruin Why You Should Rebalance Your Portfolio 196: How to Survive Financially See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We explore six impacts of higher interest rates on housing, capital projects, stock buybacks, excess returns for stocks, bonds, and other asset classes, and individual opportunity costs. Topics covered include: Where current interest rates stand Central banker predictions for how long cash yields will stay this high Why housing is the least affordable since the early 1980s Why new apartment building construction has collapsed What has been the excess return for stocks, bonds, and other asset classes when interest rates are higher and lower Why there will be fewer stock buybacks and how that can impact earnings per share Which alternative investments do better when short-term interest rates are higher Why financial opportunity costs have increased and how that should impact our investment and other financial decisions. Sponsors Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code NetSuite – Get your free KPI checklists Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter. Show Notes Summary of Economic Projections—The Federal Reserve The Apartment Market Is Hitting a Construction Lull by Will Parker—The Wall Street Journal 30-Year Fixed Rate Mortgage Average in the United States—FRED Economic Data Americans Are Still Spending Like There’s No Tomorrow by Rachel Wolfe—The Wall Street Journal Honey, the Fed Shrunk the Equity Premium by Portfolio Solutions Group—AQR Companies ease off on share buybacks as rising interest rates push up costs by Nicholas Megaw—The Financial Times Related Episodes 384: Has a Commodities Bull Market Supercycle Started? If So, How Do You Invest in It? 435: Is It Better to Rent or Buy a House? 448: Where Are Interest Rates Headed Next? Insights from the Jackson Hole Symposium See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What are the economic and financial system early warning signs that we should heed rather than get caught up in fearmongering? When should we start to worry about ballooning budget deficits, the national debt, a currency collapse, or the stock market? Topics covered include: Signals to monitor to see if things are falling apart How much government debt is too much and why interest rates are key Why central banks don't control the stock market Why the dollar remains dominant, and what has to change for it to plummet in value Sponsors Money Pickle – Schedule a free 45-minute video chat with a vetted financial advisor and ask them anything about your financial situation. Go here to schedule your free session. LinkedIn Jobs - Use this link to post your job for free on LinkedIn Jobs Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter. Show Notes The Dawn of Everything: A New History of Humanity by David Graeber and David Wengrow—Macmillan How Much Is Enough? Money and the Good Life by Robert Skidelsky and Edward Skidelsky—Penguin Random House U.S. National Deficit—Treasury.gov Budget and Economic Data—Congressional Budget Office Japan's growing debt mountain: Crisis, what crisis? by Andrew Sharp—Nikkei Asia The Dollar: The World’s Reserve Currency by Anshu Siripurapu and Noah Berman—Council on Foreign Relations Currency Composition of Official Foreign Exchange Reserves—International Monetary Fund Total credit to non-bank borrowers by currency of denomination: US dollar—BIS Wonking Out: The Mysteries of the Almighty Dollar by Paul Krugman—The New York Times Revisiting the international role of the US dollar by Bafundi Maronoti—BIS Related Episodes 404: Why Is the U.S. Dollar So Strong? Will It Continue? 416: Your Nation’s National Debt: 5 Things You Need To Know 433: What Happens If The U.S. Defaults On Its Debt? Here’s Why It Won’t See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Why you might want to lock in higher yields now, given real interest rates are the highest they have been in 15 years. Topics covered include: What was covered this year at the Federal Reserve Jackson Hole Symposium What are the primary policy actions central banks take, and how do they influence interest rates What is the neutral real rate of interest, and why is it important Why new ideas are central to an increasing standard of living What would drive interest rates higher or lower from current levels Why now is an attractive time to lock in longer-term yields Sponsors Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code Factor - Use code david50 to get 50% off your meal order Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter. Show Notes Jackson Hole Economic Policy Symposium: Structural Shifts in the Global Economy—Federal Reserve Bank of Kansas City Policymaking in an age of shifts and breaks by Christine Lagarde—European Central Bank Inflation: Progress and the Path Ahead by Jerome H. Powell—The Federal Reserve Bank Structural Shifts in the Global Economy: Structural Constraints on Growth by Chad Syverson—Federal Reserve Bank of Kansas City The Outlook for Long-Term Economic Growth by Charles I. Jones—Federal Reserve Bank of Kansas City Living with High Public Debt by Serkan Arslanalp and Barry Eichengreen—Federal Reserve Bank of Kansas City Monetary Policy and Innovation by Yueran Ma and Kaspar Zimmermann—Federal Reserve Bank of Kansas City See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

David shares how thieves recently tried to smash and grab his luggage from his car while he was still inside it. He then explores property crime trends, whether they are increasing or decreasing, and why. Topic covers include: How thieves have stolen luggage from the same gas station multiple times per day What have property crime rates been in the U.S. over the past few decades and since the end of the pandemic What are reasons property crime rises and falls What is inventory shrink and how is it impacting retailers What can we do to reduce the risk of being a crime victim Show Notes Chevron Oakland Hegenberger Rd—Yelp Myths and Realities: Understanding Recent Trends in Violent Crime by Ames Grawert and Noah Kim—Brennan Center for Justice Reported property crime rate in the United States from 1990 to 2021—Statista Pandemic, Social Unrest, and Crime in U.S. Cities: Year-End 2022 Update—Council on Criminal Justice CATALYTIC CONVERTER THEFTS NATIONWIDE SURGE ACCORDING TO NEW REPORT—Cision PR Newswire What the data says (and doesn’t say) about crime in the United States by John Gramlich—Pew Research Center Oakland’s crime rates are surging. Here’s how they compare with S.F. and other Bay Area cities by Susie Neilson—San Francisco Chronicle OAKLAND NAACP CALLS ON POLITICIANS TO CRACK DOWN ON CRIMINALS—California Policy Center Money under the mattress: economic crisis and crime by Eleni Kyrkopoulou, Alexandros Louka, and Kristin Fabbe—SSRN What Caused the Crime Decline? by Lauren-Brooke Eisen—Brennan Center for Justice What’s Behind All This ‘Shrink’? by Jordyn Holman—The New York Times Retail Theft Costs US Merchants Like Walmart and Target $100 Billion a Year—PYMNTS Retailers battle nearly $100 billion in shrink by Jason Straczewski—National Retail Federation 2022 Retail Security Survey—National Retail Federation US Retail Workers Are Fed Up and Quitting at Record Rates by Devin Leonard and Diana Bravo—Bloomberg See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How to balance saving, investing, and spending for a fulfilling life. Why you will probably reach your peak net worth sooner than you think and should start drawing down your nest egg earlier. Why we can't optimize for a fulfilling life but can still have one. Topics covered include: How to estimate how much to spend from your retirement assets so you die with zero What is time bucketing and why it doesn't work for everyone How to balance the fear of making a change with the fear of missing out The difference between making deliberate choices and maximizing our experiences Sponsors Monarch Money - Get an extended 30-day free trial NetSuite - Get your free KPI checklists Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter. Show Notes Die with Zero: Getting All You Can with Your Money and Your Life by Bill Perkins The Pathless Path: Imaging a New Story for Work and Life by Paul Millerd Four Thousand Weeks: Time Management for Mortals by Oliver Burkeman  Anderson Cooper Is Still Learning to Live With Loss by David Marchese—The New York Times See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Three additional insights to help you confidently invest in fixed income. First, what are the different measures of bond yields, and which is best? Second, how to estimate the return for a bond ETF or fund and how long do you have to own it to achieve that annualized return? Finally, we explore a bond type that yields more than U.S. Treasuries, has never defaulted, and has the implicit guarantee of the U.S. government. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How badly has China's stock market performed except for one remarkable decade What are the economic and governance factors that contributed to the underperformance Why it's too soon to write off China despite the structural headwinds What are the factors that contribute to economic growth and a robust stock market, and which emerging market countries display those factors What are some ETFs to invest in countries with favorable economic tailwinds Sponsors Use code MONEY10 to get 10% off on your NAPA Autoparts online order NordVPN – Click here for a special offer Use this link to post your job for free on LinkedIn Jobs Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter. Show Notes State-Owned Enterprises Going Public: The Case of China by Xiaozu Wang, et al.—SSRN A Model of China's State Capitalism by Xi Li, et al.—SSRN Has China given up on state-owned enterprise reform? by Nicholas Borst—The Interpreter China Regulator’s New Slogan Fuels Buying Spree in State Firms by Bloomberg News—Bloomberg Investors sour on Beijing’s bid to boost state-owned enterprises by Sun Yu—The Financial Times China’s 40-Year Boom Is Over. What Comes Next? by Lingling Wei and Stella Yifan Xie—The Wall Street Journal What just happened: Storm clouds loom for China’s economy by Sebastian Mallaby, et al.—The Washington Post Imminent end of ‘demographic dividend’: Share of India’s working age population set to fall by 2036 by Tca Sharad Raghavan—The Print What’s Holding Back India’s Economic Ambitions? by Shan Li and Vibhuti Agarwal—The Wall Street Journal See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

From raging wildfires to devastating floods, how are these natural events reshaping our financial landscape? What if anything, should we be doing with our investments as a result? Topics covered include: The devastating Maui wildfire: What are the factors that led to one of the deadliest wildfires in US history. Global wildfire trends: Are they really increasing? The data might surprise you. The role of insurance companies: Learn how the giants of the reinsurance world, like Swiss Re and Munich Re, are navigating the increasing number of natural disasters. The complex interplay of climate change, urban expansion, and human choices Why IPCC is not highly confident regarding some weather impacts of climate change due to the natural variability in weather patterns. What should individuals do when there is a lack of details regarding a long-term potential threat? Sponsors Use code MONEY10 to get 10% off on your NAPA Autoparts online order. Masterworks – invest in contemporary art Masterworks Disclosure: “net IRR” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold, and past performance is not indicative of future results. See important Reg A disclosures: Masterworks.com/cd  Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter. Show Notes Why the fires in Hawaii have been so bad—The Economist CAMS: monitoring extreme wildfire emissions in 2022—Copernicus A human-driven decline in global burned area by N. Andela et al.—Science Seasonal Trend for Europe—Copernicus Insurers rack up $50bn in losses from natural catastrophes this year by Ian Smith—The Financial Times World insurance market developments in 5 charts—Swiss Re Institute When Disaster Strikes: Preparing for Climate Change by Seán Nolan and Krishna Srinivasan—IMF California insurance market rattled by withdrawal of major companies by Michael R. Blood—AP Rising Temperatures Are Wreaking Havoc Year-Round by Zahra Hirji, Rachael Dottle, and Denise Lu—Bloomberg Climate Change Information for Regional Impact and for Risk Assessment by Roshanka Ranasinghe, et al.—IPCC The Science Before Science CO2 emissions (metric tons per capita)—The World Bank Related Episodes 340: Climate Change, ESG, and What Should Investors Do? 413: What if the World Stopped Shopping? 442: Crisis-Proof Investing: Strategies for a Shaky Future See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We share five things we have learned about stock index valuations, earnings, currency, and why value investing isn't dead. Topics covered include: How index providers divide the stock universe into large and small, growth and value The difference between the price-to-earnings ratio and earnings yield and which is better How earnings volatility can impact annual earnings growth and what to use to estimate future earnings How value stocks often grow earnings faster than growth stocks How value has outperformed growth in the last three years Sponsors Use code MONEY10 to get 10% off on your NAPA Autoparts online order. NetSuite – the leading integrated cloud business software suite Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter. Show Notes Asset Camp Money for the Rest of Us Plus Related Episodes 102: What It Takes To Be A Value Investor 261: Is Value Investing Dead? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Given climate change and other risks, how should you invest for the next forty years? Topics covered include: What predictions from the last forty years came true and which didn't Why the next forty years will have a lot of similarities to the last forty years despite the promise of AI Why the scale and complexity of the world make big transitions away from oil, cement, and natural gas unlikely Why economic growth and consumption will likely continue leading to positive investment returns How should our portfolios and lifestyle be structured to build resilience Sponsors Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code Factor - Use code david50 to get 50% off your meal order Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter. Show Notes The Third Wave by Alvin Toffler—Penguin Random House Parcel shipping index 2022—Pitney Bowes America Is Drowning in Packages by Amanda Mull—The Atlantic How to Spend Way Less Time on Email Every Day by Matt Plummer—Harvard Business Review World Population Prospects—United Nations Department of Economic and Social Affairs Global Climate Change Vital Signs—NASA Congestion Pricing Plan in New York City Clears Final Federal Hurdle by Ana Ley—The New York Times New Jersey Sues Over Congestion Pricing in New York City by Ana Ley—The New York Times How the World Really Works by Vaclav Smil—Penguin Random House Does Sam Altman Know What He's Creating? by Ross Andersen—The Atlantic The Economic Cost of Houston’s Heat: ‘I Don’t Want to Be Here Anymore’ by Rachel Wolfe and Amara Omeokwe—The Wall Street Journal SEC Proposes Rules to Enhance and Standardize Climate-Related Disclosures for Investors—U.S. Securities and Exchange Commission SEC’s Climate-Disclosure Rule Isn’t Here, but It May as Well Be, Many Businesses Say by Richard Vanderford—The Wall Street Journal Market Myopia's Climate Bubble by Madison Condon—Boston University School of Law What Really Happens to the Clothes You Donate by Oliver Franklin-Wallis—GQ OpenAI's Sam Altman launches Worldcoin crypto project by Anna Tong—Reuters Worldcoin’s premise is a disturbing one by Tabby Kinder—The Financial Times See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In 2005, Congress debated giving U.S. workers private savings accounts to invest their Social Security contributions in the stock and bond markets. Sixteen years later, we review how that would have worked out for workers. Other topics discussed include: How the public and private sectors are both critical for a functioning social security systems Which countries pay the highest social security benefits How have other privatized social security plans worked out around the world How workers prefer defined contribution plans even though they are worse off than if defined benefit plans were still widely available How worried should we be about aging populations and rising dependency ratios Why Social Security won't go away Sponsors Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code Factor - Use code david50 to get 50% off your meal order Use this link to post your job for free on LinkedIn Jobs Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter. Show Notes Greenspan "There is nothing to prevent the government from creating as much money as it wants."—YouTube Estimated Financial Effects of the "Social Security Personal Savings Guarantee and Prosperity Act of 2005" by Stephen C. Goss—Social Security Administration Social Security Quick Calculator—Social Security Administration The average 401(k) balance by age by Pau Deer—Empower CBO’s 2022 Long-Term Projections for Social Security—Congressional Budget Office Policy Basics: Top Ten Facts about Social Security—Center On Budget and Policy Priorities Evaluation of Four Decades of Pension Privatization in Latin America, 1980-2020: Promises and Reality by Carmelo Mesa-Lago—SSRN Population Age Structure and Secular Secular Stagnation: The Long Run Evidence by Joseph Kopecky—SSRN Does Human Capital Compensate for Depopulation? by M. Siskova, Michael Kuhn, Klaus Prettner, Alexia Fürnkranz-Prskawetz—SSRN How Much Do Public Employees Value Defined Benefit versus Defined Contribution Retirement Benefits? by Oliver Giesecke and Joshua D. Rauh—SSRN See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

How to mitigate the risk of investing on crowdfunding platforms where there is little transparency on the underlying financial health of the platform company. Topics covered include: What is the platform economy How blitzscaling and an over-reliance on venture capital funding led to Peer Street's bankruptcy What happens next for investors on Peer Street's platforms How individuals and businesses can mitigate the risk of investing or conducting business on platforms Sponsors Madison Trust Self-Directed IRA - Go Here to Learn More and Get Your $100 Off Promo Code Use code MONEY10 to get 10% off on your NAPA Autoparts online order. Insiders Guide Email Newsletter Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter. Show Notes Amazon: Independent Sellers In The U.S. Sold More Than 4.1 Billion Products in 2022 by SGB Media—SGB Media PeerStreet LinkedIn Post by Brett Crosby—LinkedIn Crowdfunding platform PeerStreet files for bankruptcy by Flávia Furlan Nunes—Housingwire AI Was Q2’s Big Hope To Reverse The Global Venture Funding Slowdown. It Wasn’t Enough by Gené Teare—Crunchbase VC finds its footing as headwinds weaken by James Thorn—PitchBook PitchBook-NVCA Venture Monitor—PitchBook Cases FAQ—Stretto Real estate debt marketplace PeerStreet files for bankruptcy by Matt Carter—inman BlockFi Bet Big on FTX and Alameda Even After Seeing Infamous Balance Sheet, Creditors Say by Jack Schickler—CoinDesk Related Episodes 253: Are IPOs the New Ponzi Scheme? 301: Use Caution with Alternative Investments 393: What Happens If Your Brokerage Firm Goes Bankrupt See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.