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The Mind Money Spectrum Podcast

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Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com. Graystone Advisor, LLC is a registered investment adviser offering advisory services in the State of California and in other jurisdictions where exempt from registration. Investing Forever LLC (d/b/a, Investing Forever Advisory) is a registered investment adviser offering advisory services in the State of Florida and in other jurisdictions where exempted.

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com. Graystone Advisor, LLC is a registered investment adviser offering advisory services in the State of California and in other jurisdictions where exempt from registration. Investing Forever LLC (d/b/a, Investing Forever Advisory) is a registered investment adviser offering advisory services in the State of Florida and in other jurisdictions where exempted.

Location:

United States

Description:

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com. Graystone Advisor, LLC is a registered investment adviser offering advisory services in the State of California and in other jurisdictions where exempt from registration. Investing Forever LLC (d/b/a, Investing Forever Advisory) is a registered investment adviser offering advisory services in the State of Florida and in other jurisdictions where exempted.

Twitter:

@mms_podcast

Language:

English

Contact:

9738426420


Episodes

#107. It's a new year! So now what?

1/18/2022
Resolutions and blocking off calendar, and controlling time and your schedule. Don't forget 401k contributions, ISO exercises. In this episode, Trishul and Aaron talk about things they consider at the beginning of the year. They double-check savings rates based on raises and current 401k limits, and they evaluate the exercise of ISOs. They also evaluate many age-based topics, such as RMDs, QCDs, Medicare, and Social Security. But consider your big rocks first. It doesn't have to be a New...

Duration:00:52:56

#106. Retirement planning around longevity: what you need to consider.

1/4/2022
Longevity and life expectancy assumptions in financial planning projections. In this episode, Aaron and Trishul discuss planning issues related to longevity and life expectancy. Retirement projections require an end date, but choosing one is an art rather than a science. The process requires assimilating incongruent datasets and incorporating human emotion. But then what happens if longevity continues to increase? Our hosts get a little wonky as they bring up FIRE, safe withdrawal rates,...

Duration:00:52:13

#105. Which life lessons matter the most to your long-term success?

12/21/2021
The life lessons of skiing and snowboarding are different for kids and adults. How do skiing and snowboarding relate to teaching children grit? How do you learn to say 'no'? And where does "Zelda: Breath of the Wild" fit in with all this? In this episode, Trishul and Aaron discuss how winter sports and video games serve as examples of the balance between pushing through failure and knowing when to quit. Episode References MMS #6. The Difference Between Well-Being and Happiness MMS #93....

Duration:00:58:17

#104. 2nd year retrospective: Our favorite episodes and what you listened to most.

12/7/2021
Our favorite episodes from Year 2. In this episode, Aaron and Trishul look back on their second year of podcasting. In the beginning, they focused on the process, recording one conversation at a time, and eventually, they established a consistent habit. To wrap up Season 2, our hosts recount their favorite episodes of the year. So which ones did you enjoy the most? Listen to the end to find out. Episode References MMS #52. 1st year retrospective: Our favorite episodes and what you...

Duration:01:20:37

#103. Don't miss out on big savings during Open Enrollment Season.

11/30/2021
During Open Enrollment, make sure you opt-in to 401k, life, disability, and health insurance. You can figure out the details later. In this episode, Trishul and Aaron discuss common client concerns that surface during Open Enrollment Season. Each fall, you get inundated with plan documents from work. But now is a time when your seconds can save you hundreds or even thousands. Often, you need to opt-in to participate in your employer's health, disability, life, and retirement plan. Likewise,...

Duration:00:50:23

#102. Your guide to navigating the equity compensation jungle (inc. ISOs, NSOs, RSUs, & ESPPs).

11/23/2021
ISOs, NSOs, RSUs, and ESPPs all together. In this episode, Trishul and Aaron discuss alternative forms of employee equity compensation. In addition to ISOs, there are NSOs, RSUs, and ESPPs, and each one comes with different tax implications. Your employer can grant access you any combination of these plans. So then, how do you decide when to exercise and when to sell? You can choose to hold on to everything for the upside. Or you can sell everything as soon as possible to lock in your...

Duration:00:58:46

#101. ISO University: It's IPO Time! So now what do you do with your ISOs?

11/16/2021
ISOs in late stage private companies and after going public. In this episode, Aaron and Trishul discuss what you can do with your ISOs to prepare for an upcoming liquidity event. At this point, investment risks are still high, so what's the best way to capitalize from here? First, you must consider the timing of exercise. Next, you need to evaluate if you will cash out or hold on for more upside. For most people, it is some combination of cashing out as soon as possible, exercising and...

Duration:01:01:05

#100. ISO University: Your guide to navigating ISOs in a pre-IPO company.

11/9/2021
ISOs in the mid stage of a private company. In this episode, Trishul and Aaron discuss what you should look for when you've been at a private company for a few years. At this point, your ISOs may have climbed in value, so it's quite the balancing act. Not only do you need to factor in future investment risks, but also you need to analyze the impact of AMT. Furthermore, waiting to exercise can create a golden handcuffs scenario, which you want to avoid. Thus, it makes sense to exercise some...

Duration:01:02:16

#99. ISO University: Congrats, you're hired! Now follow these steps with your new ISOs.

11/2/2021
What should you look for when you first receive an ISO grant? In this episode, Aaron and Trishul discuss what you should look for when you begin working for a pre-IPO company and receive a grant of Incentive Stock Options. AMT isn't a concern just yet, but your investment risk is significant. Between QSBS and 83b elections, there are a few critical actions you can take right away. But most of the time, a "wait-and-see" approach will work just as well. Episode References MMS #33. If you...

Duration:01:01:23

#98. Why do the rich keep getting richer? The shocking truth behind the Pandora Papers.

10/26/2021
Pandora Papers: Round three of leaks behind the wealth for rich and famous. In this episode, Trishul and Aaron discuss the Pandora Papers. Similar to the Panama Papers leak from 2016, this new investigation further reveals how the wealthy and powerful use offshore tax havens to shelter trillions in assets. But how does this influence the average American? It turns out its impact on you and your family is more extensive than you think. This latest exposure illuminates a significant global...

Duration:00:46:16

#97. Blockchain is here to stay, but how much crypto is too much?

10/19/2021
How much money should you put in Robinhood and crypto? In this episode, Aaron and Trishul discuss how much money you should invest in crypto. Similar to investing in single stocks, there are some rules of thumb to consider. Do you already save enough for retirement? Is your emergency fund adequate? Does your lifestyle depend on this money? If you're well covered, then the added risk of that Bitcoin position might be worth it to you. Even so, Trishul introduces a great analogy to the dot-com...

Duration:00:59:30

#96. Here's why the Biden tax plan misses the mark.

10/12/2021
Biden tax plan is getting updated, but will it even pass? In this episode, Trishul and Aaron discuss updates to the Biden tax plan as it makes its way through Congress. Most of the changes target the top 1% of income earners. For example, there's talk of increases to income taxes, capital gains taxes, corporate taxes, and even estate taxes. But will any of this even make a dent in the pockets of billionaires? While Biden is trying to target income inequality, his plan does little to address...

Duration:01:04:44

#95. If you don't take your online privacy seriously, someone else will.

10/5/2021
What's the trade-off between security and privacy? And does Google know more about you than you do yourself? In this episode, Aaron and Trishul discuss the trade-offs between security and privacy. Are you okay with "free" services like Google tracking everything you do online? Nobody out there has time to read all the end-user license agreements that we come across. After all, someone out there must be keeping internet companies in check. And for now, to even participate in modern society,...

Duration:00:58:54

#94. What can you really do to protect yourself from cybertheft?

9/28/2021
Hacking, phishing, and password managers, oh my. In this episode, Trishul and Aaron discuss modern lifestyle security risks. Between hacking, phishing, and scamming, cyber fraud has become increasingly sophisticated. These days, it's almost impossible to distinguish between a legitimate email and an attempt to steal access. They share a few of their learning experiences and how password managers and two-factor authentication help to protect themselves and their clients. Cyber fraud is not...

Duration:00:57:32

#93. How to give up and quit like a pro

9/21/2021
When things aren't going well, when do you persevere and when do you throw in the towel? In this episode, Aaron and Trishul try to address the following question, "If things aren't going well, when do you make a change?" How do you overcome the emotional gravity of past actions to make good decisions moving forward? They discuss how impactful the status quo can be when framing a decision as an opt-in or opt-out. They also examine the disposition effect, prospect theory, and premortems. And...

Duration:01:06:23

#92. When it comes to tracking performance, here's what really matters.

9/14/2021
What do you track? What do financial advisors track? What should you track? In this episode, Trishul and Aaron try to address the question, "How do I know if I'm doing well?" From an investments perspective, this has historically meant comparing the performance of an investment strategy to a benchmark. But for meeting life goals, tracking net worth, savings, and spending may be more impactful. And outside of finance, how does your behavior react to what you monitor and track? Episode...

Duration:01:04:35

#91. Why did Trishul and Aaron choose lifestyle practices?

9/7/2021
Why start your own business? In this episode, Aaron and Trishul discuss the recent trend of educated workers quitting their jobs to prioritize their life. They examine the question "What is the role of employment in your life?" both as it pertains to their personal choices and as it applies to conversations with clients. While it may feel like choosing to be less ambitious is choosing your life over your work, it may help to reframe your thinking as choosing to be more ambitious about your...

Duration:00:57:38

#90. What you need to know about advisory fees.

8/31/2021
Fee-only advisors and all the other fees you may pay. In this episode, Trishul and Aaron discuss what it means to be fee-only and why they chose to make this commitment. AUM, hourly, and flat fees are just a few methods that all fall under fee-only. They discuss the evolution of financial services and why reputable advisors may still choose to sell financial products for a commission. They also explain why free financial services aren't always worth it. Episode References Investing...

Duration:01:12:27

#89. Are independent RIAs better? Here's what to consider first.

8/24/2021
Why Aaron and Trishul chose to go independent. In this episode, Aaron and Trishul highlight their career paths. They then discuss what led them to create independent advisory firms after joining the XY Planning Network. Trishul started by writing a financial blog before realizing he wanted to provide more individualized help. Aaron failed out of sales before joining another RIA as an employee for a decade. In preparing for partnership status, Aaron realized he wanted more control of how he...

Duration:01:02:24

#88. What's the big deal about the CFP®?

8/17/2021
The CFP® is the gold standard in financial planning for individual households. Trishul recently passed the CFP® exam. And so, in this episode, Aaron and Trishul discuss why the CFP® is so important. They discuss the Certified Financial Planner™ exam, continuing education requirements, the Code of Ethics, and the fiduciary standard. While the CFP® is not as academically rigorous as many formal post-graduate degrees, it is ideally suited for personal financial planning. Further, the breadth...

Duration:01:01:59