A little Book Club extra credit episode this week for Season 3 of Trogonomics - and we bring you one that takes a deep dive into a conversation that Trog and Brett have often on the show... that of balancing the needs, wants, and experiences of your future self with your present self.
Die With Zero is a thoughtful discourse on the ideas of planning your savings and experiences along the growth curve of your life, earning potential, and personal health. The author, Bill Perkins, walks us through his nine pillars of thinking when managing a lifetime of earning, saving, and L-I-V-I-N!!
This was a suggestion from our audience, and we're so glad it made it on our radar! Together, Trog and Brett walk us through a few memorable moments, best takeaways, thoughts on sharing it with young readers, and some of the more "stop, think, and re-read" moments that pop up in the book.
**This is not financial advice. The expressed opinions in the podcast are those of the speakers. You can lose all your money in the various investment options discussed, the cryptocurrency market, the stock and bond markets, or any number of financial investments, so be sure to do your own research before investing.**
Thank you for listening! Please subscribe, share the episode with a friend and, leave a review to let us know what you think!
Enjoy the episode! Thanks for listening - have a great day!!
We are back for our sixth and final Book Club episode for Season 3 of Trogonomics - by leaning into a Happier book, on a Happier topic!
Happy Money: The Science of Happier Spending is another of Trog's recommendations and a thoughtful, analytical look on how get the most happiness out of your spending.
Together, Trog and Brett walk us through the most notable points made by authors Elizabeth Dunn and Michael Norton, their best takeaways, thoughts on sharing it with young readers, and some of the more "stop, think, and re-read" moments that pop up in the book.
We'll cover ideas like "Buy First, Enjoy Later" and "Experiences vs Material Items", while addressing our own spending habits, wins, and losses.
Whether or not you have read the book already, this episode will hit you like the S&P 500 on a ten year run!
**This is not financial advice. The expressed opinions in the podcast are those of the speakers. You can lose all your money in the various investment options discussed, the cryptocurrency market, the stock and bond markets, or any number of financial investments, so be sure to do your own research before investing.**
Thank you for listening! Please subscribe, share the episode with a friend and, leave a review to let us know what you think!
Enjoy the episode! Thanks for listening - have a great day!!
Another Book Club episode this week for Season 3 of Trogonomics - and we bring you one of the more mainstream money books of our time, by author and motivational speaker Tony Robbins.
Money, Master the Game is a 600 PAGE(!) deep dive into all the steps, all the names to be dropped, and all the credentialism you expect to hear in a Tony Robbins book. Before you get caught up in the moment though, we do touch on Index Funds, thoughtful retirement planning, and what keeps Brett up at night: teaching his kids about money.
This was one of Trog's picks for our Book Club, and together, he and Brett walk us through a few memorable moments, best takeaways, thoughts on sharing it with young readers, and some of the more "stop, think, and re-read" moments that pop up in the book.
**This is not financial advice. The expressed opinions in the podcast are those of the speakers. You can lose all your money in the various investment options discussed, the cryptocurrency market, the stock and bond markets, or any number of financial investments, so be sure to do your own research before investing.**
Thank you for listening! Please subscribe, share the episode with a friend and, leave a review to let us know what you think!
Enjoy the episode! Thanks for listening - have a great day!!
We are back for another Book Club episode for Season 3 of Trogonomics - by talking about a book by one of this era's great economists, Joseph Stiglitz.
The Price of Inequality is another of Trog's recommendations and a thoughtful look on how the American economy is impacted by income inequality across the population.
Together, Trog and Brett walk us through the most notable points made by Dr. Stiglitz, his best takeaways, thoughts on sharing it with young readers, and some of the more "stop, think, and re-read" moments that pop up in the book.
Whether or not you have read the book already, this episode will hit you like the S&P 500 on a ten year run!
**This is not financial advice. The expressed opinions in the podcast are those of the speakers. You can lose all your money in the various investment options discussed, the cryptocurrency market, the stock and bond markets, or any number of financial investments, so be sure to do your own research before investing.**
Thank you for listening! Please subscribe, share the episode with a friend and, leave a review to let us know what you think!
Enjoy the episode! Thanks for listening - have a great day!!
We are back for another Book Club episode for Season 3 of Trogonomics - by talking about one of the most incredible stories ever told of an economist by author, John Perkins.
Confessions of an Economic Hitman is Brett's favorite of the season and an intense look on how political battles are fought and finessed around the world by economists. This book (a ture story) is one part BOURNE IDENTITY, one part A FEW GOOD MEN, and one part A BEAUTIFUL MIND all wrapped up together.
This was one of Brett's picks for our Book Club, and together, he and Trog walk us through a few incredible stories, best takeaways, thoughts on sharing it with young readers, and some of the more "stop, think, and re-read" moments that pop up in the book.
Whether or not you have read the book already, this episode will hit you like a the S&P 500 on a ten year run!
**This is not financial advice. The expressed opinions in the podcast are those of the speakers. You can lose all your money in the various investment options discussed, the cryptocurrency market, the stock and bond markets, or any number of financial investments, so be sure to do your own research before investing.**
Thank you for listening! Please subscribe, share the episode with a friend and, leave a review to let us know what you think!
Enjoy the episode! Thanks for listening - have a great day!!
On this episode of Porch Beers, Brett asks Dr. Trogdon about preparing for his kids to go to college. Saving for tuition, planning on who pays for what, and why is college so darn expensive these days... spoiler alert, it's the gyms!
Trog breaks down what he and his partner have been thinking about and planning for on behalf of their children, how he thinks about the investment he's making in his kids, and what vehicles he's been thinking about to use for his savings plan.
Along the way, Trog and Brett recount a few stories from their days at Baylor University, as well as some of the fears and unknowns around financial planning for college.
Porch Beers is a series of casual episodes, where Brett asks Trog a question cold, that he hasn't heard prior to the conversation. Like most conversations they have over a beverage, Trog doesn't know what will be asked of him at the time. His vast expertise of finance and economic theory is put to the test when he's asked for advice or clarity on the topics discussed. In today's episode we stick to one specific, financial topic: Inflation.
**This is not financial advice. The expressed opinions in the podcast are those of the speakers. You can lose all your money in the various investment options available to you, the cryptocurrency market, the stock markets, or any number of financial investments, so be sure to do your own research before investing.**
Thank you for listening! Please subscribe, share the episode with a friend and, leave a review to let us know what you think!
Have a wonderful day!
We pick back up on Season 3 - Trogonomics Book Club - by talking about an incredible book from author, Morgan Housel. The Psychology of Money is a new favorite of Trog's and a sharp look on how humans feel emotion and create actions around personal finance and investing. This was another one of Trog's picks for our Book Club, and he walks us through his highlights, best anecdotes, thoughts on sharing it with young readers, and some of the more "stop, think, and re-read" moments that pop up in the book.
Whether or not you have read the book already, this episode will hit you like an Index Fund on a Friday at the closing bell!
**This is not financial advice. The expressed opinions in the podcast are those of the speakers. You can lose all your money in the various investment options discussed, the cryptocurrency market, the stock and bond markets, or any number of financial investments, so be sure to do your own research before investing.**
Thank you for listening! Please subscribe, share the episode with a friend and, leave a review to let us know what you think!
Enjoy the episode! Thanks for listening - have a great day!!
On this very special episode of Trogonomics, Dr. Trogdon confesses to the mistakes made during his most recent car buying excursion. When an unexpected accident totaled the family car, Trog was in need of a replacement vehicle fast. Money was spent. Mistakes were made. And a car was purchased.
Brett and Trog walk through what happened, what mistakes Trog inevitably made, and how he would do it over if he could go back in time.
Trogonomics Confessionals are a series of casual episodes, where Trog confesses to a real time, real life financial mistake he has made. His vast expertise of finance and economic theory is put to the test day in and day out, and from time to time we get to learn from his mistakes. Today we'll learn about his car buying experience in a time crunch.
**This is not financial advice. The expressed opinions in the podcast are those of the speakers. You can lose all your money in the various investment options available to you, the cryptocurrency market, the stock markets, or any number of financial investments, so be sure to do your own research before investing.**
Thank you for listening! Please subscribe, share the episode with a friend and, leave a review to let us know what you think!
Have a wonderful day!
We jump right into our first episode of Season 3 - Trogonomics Book Club - by talking about one of the best personal finance books of ALL TIME. A Random Walk Down Wall St. is a longtime favorite of Trog's and a time tested take on personal investing and finance that has been in the zeitgeist for decades. This was one of Trog's picks for our Book Club, and he walks us through his highlights, best anecdotes, thoughts on sharing it with young readers, and some of the more cringeworthy moments that pop up in the book.
Whether or not you have read the book already, this episode will hit you like an Index Fund on a Friday at the closing bell!
**This is not financial advice. The expressed opinions in the podcast are those of the speakers. You can lose all your money in the various investment options discussed, the cryptocurrency market, the stock and bond markets, or any number of financial investments, so be sure to do your own research before investing.**
Thank you for listening! Please subscribe, share the episode with a friend and, leave a review to let us know what you think!
Enjoy the episode! Thanks for listening - have a great day!!
Trog and Brett journey to Las Vegas to see the almighty U2 perform at the brand new Sphere arena in October 2023. The show was the band's sixth night in their residency opening The Sphere, and they did not disappoint!
Together, Trog and Brett break down the show, the venue, the highs and lows, and revel in the moment!
Thank you for taking a break from our conversations about economics and finance, to indulge in a little U2 fandom!
**This is not financial advice. The expressed opinions in the podcast are those of the speakers. You can lose all your money in the various investment options discussed, the cryptocurrency market, the stock and bond markets, or any number of financial investments, so be sure to do your own research before investing.**
Thank you for listening! Please subscribe, share the episode with a friend and, leave a review to let us know what you think!
Enjoy the episode! Thanks for listening - have a great day!!
We jump into our final episode of Season 2 by talking about the home stretch of savings. Once your Champagne Glasses of Savings are set and filling up, what do you do with any additional income as you are getting closer to retirement. Brett starts off by offering an Economic Confession to Trog, and the two of them discuss some of the riskier parts of investing. Trog then walks us through the different options of trading, investing, and experimenting with the market and money before finally landing on Index Funds!
**This is not financial advice. The expressed opinions in the podcast are those of the speakers. You can lose all your money in the various investment options discussed, the cryptocurrency market, the stock and bond markets, or any number of financial investments, so be sure to do your own research before investing.**
Thank you for listening! Please subscribe, share the episode with a friend and, leave a review to let us know what you think!
Enjoy the episode! Thanks for listening - have a great day!!
We jump into a new episode of Season 2 by talking about navigating benefit options when starting a new job. Brett recently started a new job at a new company, and went through the process of selecting healthcare options, planning retirement contributions, and deciding on new insurance packages. This was the first time Brett had gone through this process, given his career as an entrepreneur all of his adult life and Trog guides him through his decisions, edits, and thought process. Starting a new job is exciting, but some of the decisions that are made at the start of a journey with a new company can be overwhelming. Trog helps identify the north stars to follow, and how to think about future finances without too much emotion.
**This is not financial advice. The expressed opinions in the podcast are those of the speakers. You can lose all your money in the various investment options discussed, the cryptocurrency market, the stock and bond markets, or any number of financial investments, so be sure to do your own research before investing.**
Thank you for listening! Please subscribe, share the episode with a friend and, leave a review to let us know what you think!
Enjoy the episode! Thanks for listening - have a great day!!
On this episode of Porch Beers, Brett asks Dr. Trogdon about inflation, what does the increase mean in macro terms, and how do we evolve to stay steady during economic changes. The conversation was tipped off by the October 2021 inflation rate breaking 6%, after a fairly long run between 1% and 3%. Trog breaks down what the number really means in a theoretical and practical sense, and then walks us through consumption and saving thoughts to make sure that we don't loose ground on our goals. Along the way, Trog talks about negotiating your salary while exploring the job market, and why we should probably do a follow up episode in a few months to check in on the staying power of inflation.
Porch Beers is a series of casual episodes, where Brett asks Trog a question or two cold, that he hasn't heard prior to the conversation. Like most conversations they have over a beverage, Trog doesn't know what will be asked of him at the time. His vast expertise of finance and economic theory is put to the test when he's asked for advice or clarity on the topics discussed. In today's episode we stick to one specific, financial topic: Inflation.
**This is not financial advice. The expressed opinions in the podcast are those of the speakers. You can lose all your money in the various investment options available to you, the cryptocurrency market, the stock markets, or any number of financial investments, so be sure to do your own research before investing.**
Thank you for listening! Please subscribe, share the episode with a friend and, leave a review to let us know what you think!
Have a wonderful day!
We continue into the third leg of episode 2 talking about equity, (aka stocks) and longer-term savings. Trog outlines the options for 20-40 year savings plans, and how he thinks about diversifying this champagne glass of the savings pyramid. Along the way he'll talk about minimizing risk in this area of savings by buying into larger funds rather than individual stocks, how he qualifies the idea of "missed opportunity" , and reaffirms that at the end of the in order to buy a stock someone else must be interested in selling it to you. Brett and Trog walk their way through the idea of dividends versus retained earnings, and what the stock price really means as a result.
**This is not financial advice. The expressed opinions in the podcast are those of the speakers. You can lose all your money in the various investment options discussed, the cryptocurrency market, the stock and bond markets, or any number of financial investments, so be sure to do your own research before investing.**
Thank you for listening! Please subscribe, share the episode with a friend and, leave a review to let us know what you think!
Enjoy the episode! Thanks for listening - have a great day!!
On this episode of Porch Beers, Brett asks Dr. Trogdon about investing in another human's future earning potential. The conversation was tipped off by Brett learning about a company called Big League Advance (which invests in some minor league baseball players), but snowballed into the larger idea of venture capital and investing in people versus companies. Trog talks about comparable industries that are also investing in a person's future earning other than just baseball, the concept of risk, and income smoothing over your lifetime.
Along the way, Trog talks about trusting adults to make good financial decisions in the short and long term. He also breaks down the ethical side of companies and governments lending or investing in people.
Porch Beers is a series of casual episodes, where Brett asks Trog a question or two cold, that he hasn't heard prior to the conversation. Like most conversations they have over a beverage, Trog doesn't know what will be asked of him at the time. His vast expertise of finance and economic theory is put to the test when he's asked for advice or clarity on the topics discussed. In today's episode we stick to one specific, financial topic: would you invest or accept an investment in your future earnings.
**This is not financial advice. The expressed opinions in the podcast are those of the speakers. You can lose all your money in the various investment options discussed, the cryptocurrency market, the stock markets, or any number of financial investments, so be sure to do your own research before investing.**
Thank you for listening! Please subscribe, share the episode with a friend and, leave a review to let us know what you think!
Have a wonderful day!
We continue into the second leg of episode 2 talking about bonds, fixed income loans, and medium-term savings. Trog outlines the options for 2-10 year savings plans, and how he thinks about diversifying this champagne glass of the savings pyramid. Along the way he'll talk about risk in this area of savings (like a government declaring bankruptcy), how he intends to lower the risk of default, and reaffirms that at the end of the day bonds are loans. Brett and Trog walk their way through the idea of loaning money to friends or a government, and being prepared for the risk and uncertainty of being a lender.
Part three is still to come in our savings adventure, where we'll cover the long-term champagne glass(es) of savings, and experiment with risk and time to make the most of our opportunities.
Enjoy the episode! Thanks for listening - have a great day!!
**Please subscribe, rate, and leave a review to let us know what you think of the episode!**
We kick off the first part of episode 2 talking about emergency funds and cash savings. Trog outlines the options for cash and equivalents, and how he thinks about diversifying this champagne glass of savings. Along the way he'll talk about risk in this area of savings, and his what he learned about savings from his financial influences. They walk their way through the idea of winning by being prepared rather than mixing in risk and uncertainty.
Parts two and three are still to come in our savings adventure, where we'll cover other critical champagne glasses of savings, and experiment with risk and time to make the most of our opportunities.
Enjoy the episode! Thanks for listening - have a great day!!
**Please subscribe, rate, and leave a review to let us know what you think of the episode!**
On this episode of Porch Beers, Dr. Trogdon walks us through the agent vs. principle business models through the lens of the Wu Tang Clan and U2. Despite both groups having immense musical and financial success, they follow two different business models, where one pays their manager a fee and the other offers equity in the whole business. The topic unpacks the true question at the heart of the issue of would you give up equity in your financial future in exchange for a (hopefully) highly engaged business partner... or do you go on your own? Along the way Trog brings up the Coase Theorem and the concept of property rights, the future value of equity versus the present value of a commission, and the complexity of human beings and risk.
Porch Beers is a series of casual episodes, where Brett asks Trog a question or two cold, that he hasn't heard prior to the conversation. Like most conversations they have over a beverage, Trog doesn't know what will be asked of him at the time. His vast expertise of finance and economic theory is put to the test when he's asked for advice or clarity on the topics discussed. In today's episode we stick to one topic, and walk through understanding the some of the why or why nots of giving up equity in your business, and ultimately if it's possible to predict the future.
Thank you for listening! Please subscribe, share the episode with a friend and, leave a review to let us know what you think!
Have a wonderful day!
Welcome to Season 2 of Trogonomics! This season we will be diving into some of Dr. Trogdon's saving practices and how he approaches short, medium, and long term savings goals.
We kick off our first episode of the season outlining a Short Term Saving plan for a family vacation. Trog outlines the four steps to how he thinks about savings and how he calculates his contributions to meet his goal. Along the way he'll graciously admit to how difficult starting the saving process is, how easy consumption is, why Ariana Grande challenges him for the financial mindshare of his children, and at the end of the day all he really wants is sand between his toes and time with his family. Brett once again brings up the emotional side of managing money and how he wants to "win" at saving for a vacation. They walk their way through planning out a two year savings plan for a very healthy vacation budget, and start to dabble in and compare the process to saving for retirement.
Enjoy the episode! Thanks for listening - have a great day!!
**Please subscribe, rate, and leave a review to let us know what you think of the episode!**