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The Mind Money Spectrum Podcast

Education Podcasts

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
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#138. Financial Planner tells a story of why Fee-Only matters

6/11/2024
How snowboarding in Park City influenced the genesis of Graystone Advisor In this episode, Aaron shares his story of attending due diligence conferences to learn about non-traded REITs. While it was nice to be wined and dined, he started to see where the client's money went and how understanding fees is important. There will always be conflicts of interest, but if you are open and transparent about incentives, you can start down the path of trying to do better. Episode References Non-Traded REIT Blue Vault Report Investing Forever - Follow the Money Fee-Only Network: Trishul Patel Fee-Only Netowrk: Aaron Agte NAPFA: NAPFA: Aaron Agte XYPN: Aaron Agte XYPN: Trishul Patel Investing Forever - Three Key Benefits 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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Duration:01:02:14

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#137. You can't pay someone for free money.

5/14/2024
The red flags of TikTok financial videos. In this episode, Trishul and Aaron discuss the problem of trying to pare down financial advice to soundbites. TikTok financial videos can contain red flags ranging from likely inappropriate to downright wrong. Anytime we hear passive investing, real estate, crypto, or "Don't invest in your 401k", we immediately assume the video has some ulterior motive. Episode References MMS #3: Does money buy happiness? Trishul Patel - CRD Investing Forever Advisory - CRD Aaron Agte - CRD Graystone Advisor, LLC - CRD BrokerCheck - FINRA 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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Duration:01:06:52

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#136. David Shapiro: How can we prepare for the Fourth Industrial Revolution?

4/17/2024
Bring on 80% unemployment! In this episode, David Shapiro joins Trishul and Aaron to discuss AI and the Fourth Industrial Revolution. Where are we now with technology and society, and where are we going? What is the future of AI at the individual, corporate, and state levels? How does AI affect different jobs? How does AI interact with capitalism in America? If 80% of society is unemployed, how do individuals and society thrive? Episode References David Shapiro YouTube MMS #135. Aaron and Trishul discover the meaning of life. MMS #131. We don't need no education. MMS #121. The robots are here! Now what? MMS #122. The robots are here! Seriously, now what!? MMS #123. I, for one, welcome our new AI robot overlords. MMS #126. The robots are here! Are humans finished? MMS #27. Can a Universal Basic Income really pay for itself? Ikigai Perplexity Self-Determination Theory Living Deliberately 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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Duration:01:25:03

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#135. Aaron and Trishul discover the meaning of life.

3/19/2024
If a Tesla robot can fold your laundry (and do all the other chores), how do you spend your time? What do you take pride in? In a world where robots handle our chores, what becomes of human time? How should we guide children into adulthood? Aaron and Trishul explore these questions, delving into Maslow's Hierarchy of Needs. They contrast the past, where activities fulfilled both basic and self-fulfillment needs, with a future where self-esteem must be cultivated separately from safety and security. With all needs provided for, the quest becomes: How do we discover our purpose? And crucially, how do we impart this quest for purpose to the next generation? Episode References MMS #3: Does money buy happiness? What is the Rabbit? Maslow's Hierarchy of Needs Tesla Robot Folding Shirt 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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Duration:01:04:03

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#134. Stuff. Lots and lots of cheap stuff.

2/13/2024
Stuff is cheap. You should spend more on experiences. In this episode, Trishul and Aaron dive into the world of "stuff." They reflect on their spending patterns and attitudes towards material goods versus life-enriching experiences. As the affordability of items increases, they explore strategies to avoid overconsumption, considering not only the physical space it occupies but also its broader impact on life. They propose a thought-provoking idea: true wealth comes from desiring less than what you own, understanding that no quantity of material possessions can surpass the happiness brought by appreciating what you already have. Episode References MMS #3: Does money buy happiness? MMS #65: The most important financial advice in your 20's MMS #112: Here's why you need to spend more 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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Duration:01:06:31

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#133. How to emotionally prepare for an IPO

1/16/2024
How do you navigate the emotional landscape of deciding whether to sell or hold stock when there's no pressing financial goal guiding your choice? In this episode, Aaron explores a unique situation: a client facing an IPO without needing to sell stock for their lifestyle. Trishul weighs in with the concept of 'homo economicus' and frameworks for handling concentrated stock positions. They delve into the emotional journey of such financial decisions. What's the impact of holding onto stock through a crash, or selling it and seeing it soar? Join us for a deep dive into the complex interplay of finance, emotion, and life-changing choices. Episode References Meg Bartelt - Giant Pile of Company Stock What to do after a windfall? Homo Economicus Graystone Advisor: Buying Stocks For Fun 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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Duration:01:09:21

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#132. Why would you ever want to be a W-2 employee anymore?

12/13/2023
W-2 employees can still have an entrepreneurial mindset, right? In this episode, Trishul and Aaron examine mechanical differences between W-2 employees and self-employed individuals, including contractors. While W-2 employees get several benefit-related decisions made for them, they also have to take the employer's choices. A psychological growth mindset can help. Do you prefer "Entrepreneur's GET to figure everything out for themselves" or "Entrepreneurs HAVE to figure out everything for themselves"? The world may be moving towards the latter whether you like it or not. Episode References MMS #129: Ideal day, week...and societal expectations? Motley Fool: 1099 vs W-2 Forbes: W-2 vs 1099 Neil deGrasse Tyson: Let the kid grab the egg Quickbooks: 1099 vs W-2 Kitces: S-Corp reduces self-employment taxes 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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Duration:01:04:34

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#131. We don't need no education.

11/14/2023
Education is designed to produce employees, not entrepreneurs. In this episode, Aaron and Trishul reflect on whether their advice applies to most people. Not everyone can structure their calendars like small business owners. For those who are hard-working and ambitious early in their careers, there are a few different ways to enact a mindset shift to allow them to pursue the freedoms they want in life. Trishul further argues that our current education system pushes students towards being a cog within a large organization and that a better education system might allow more people to pursue their passions earlier in life. Episode References MMS #129: Ideal day, week...and societal expectations? MMS #130. Manage expectations to cultivate your ideal year. Jeff Sandefer TED Talk How to Seek Validation from Within The Gap and the Gain Adam Smith The Wealth of Nation 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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Duration:01:12:30

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#130. Manage expectations to cultivate your ideal year.

10/25/2023
Ideal year and managing expectations. In this episode, Trishul and Aaron continue the exercise of "Ideal Day, Week, and Year." Aaron clarifies his thoughts regarding the differences between his ideal day and week. They discuss the relationship between discipline and freedom and how embracing both allows you to find a balance. They end up discussing how underpromising and overdelivering are more important than filling up your plate while acknowledging that this is easier said than done, especially for entrepreneurs compared to W-2 employees. Episode References MMS #129: Ideal day, week...and societal expectations? MMS #15. George Kinder: Three life questions that will change everything. MMS #18. Why happiness is not the answer to your problems. US News: Year Round School Calendar Bohr Quote 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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Duration:01:10:31

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#129. Ideal day, week...and societal expectations?

9/19/2023
Ideal day, week, and year...but really why life is so hard. In this episode, Aaron and Trishul begin an exercise to imagine their ideal day, week, and year. What does your perfect Monday look like? What might be too much for every day but sensible for once a week? They discuss the reasons why their model day feels so good. But then, they delve into competing societal pressures and soon uncover the challenges around putting an ideal day into action. Episode References MMS #15. George Kinder: Three life questions that will change everything. MMS #18. Why happiness is not the answer to your problems. MMS #7. The impact of friends, family, and communities on happiness. Neuroscientist 'These 5 Things Will Improve Your Life Drastically' George Kinder's Step-by-Step Guide: How to Develop a Life Plan and Live into Your Dreams of Freedom 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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Duration:01:09:41

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#128. The mutual fund industry is changing. Here's how.

8/15/2023
Understanding mutual fund share classes helps transparency in financial services. In this episode, Trishul and Aaron discuss mutual fund shares classes and the evolution of mutual funds over the last forty years. They describe how stock brokers transitioned to financial advisors and how the Internet improved investor education. Consumer demand and aligned incentives fostered the rise of fee-only investment advisers more than regulatory requirements. ETFs are not necessarily better than mutual funds if you understand how they work and where they came from. Episode References MMS #11. In the active vs. passive debate, fees and taxes matter more than trying to identify alpha MMS #90. What you need to know about advisory fees. Investing Forever - Active vs Passive Vanguard Share Classes Invesco S&P 500 Index A (passive mutual fund) John Bogle (Vanguard Founder) American Funds Growth Fund of Amer A Vanguard S&P 500 Mutual Fund Vanguard S&P 500 ETF Vanguard Total Stock Market Index Fund 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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Duration:01:19:00

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#127. When it is okay to not save enough?

7/18/2023
Aaron and Trishul think it's okay not to save. WHAT?!?! In this episode, Aaron and Trishul discuss scenarios when it is okay not to save for the future. When is traditional financial planning too conservative? When taking a life planning approach, it's okay to prioritize well-being over prudent financial decisions. It may require future flexibility, but with good process and intention, you should feel like you are living the life you want rather than making a sacrifice. Episode References MMS: What's the big deal about FIRE? MMS: Most important financial advice for someone in their 20's Kitces: 3 Types of Retirement MMS: #15. George Kinder: Three life questions that will change everything. 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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Duration:00:58:20

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#126. The robots are here! Are humans finished?

6/13/2023
When AI becomes more intelligent than humans, is humanity doomed? In this episode, Trishul prepares Aaron for when Artificial Intelligence becomes Artificial General Intelligence and the ensuing implications for humanity. He explains inner alignment and outer alignment problems and how capitalism and the prisoner's dilemma may mitigate AI creators from pursuing sufficient safety. When we start to consider scale and accessibility, it's possible that despite the best efforts of the vast majority of humanity, we can't overcome humans' inability to unanimously agree on anything. Episode References Artificial General Intelligence Nuclear Close Calls Prisoner's Dilemma Moloch Youtube: AI Alignment Problem Microsoft $10B investment in OpenAI Great Filter Don't Look Up I, Robot 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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Duration:01:17:23

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#125. If you have NSOs, you need to listen to this episode.

5/16/2023
How do you decide when to sell your NSOs? In this episode, Aaron uses the Netflix Employee Stock Option Plan to explain how to decide when to sell NSOs. Just because the stock price has appreciated doesn't mean you should cash out now. Options have both moneyness and time value. Aaron explains leverage to help understand when an option is sufficiently "in-the-money" and a Black-Scholes Calculator to quantify the Time Value. You can then apply an Insight Ratio to determine if you should cash out now or hold on for longer. Episode References Graystone: Netflix employees should wait to sell their stock options Graystone: Netflix Employee Stock Option Plan myStockOptions.com Black-Scholes Calculator Yahoo Finance: NFLX NFLX Volatility StockOpter Insight Ratio® 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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Duration:00:59:57

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#124. Are my bank desposits safe?

4/18/2023
What happens to Silicon Valley Bank customers and will this affect my cash? What does the failure of Silicon Valley Bank mean? On 3/15/23, Aaron and Trishul answer client questions regarding the news about SVB. They discuss FDIC insurance and how some risk-free instruments are safer than other risk-free instruments. They address how specific regulatory and economic factors affected SVB and how they may or may not apply to other banks and money markets. In the end, SVB may be suffering the consequences of the risks they took on, but customers probably don't need to worry about losing any money. Episode References AI Copywriter SIPC SVB Weakens Risk SIVB Stock SVB Balance Sheet SVB Relative Size MaxMyInterest US Reserve Requirement Ratio Investopedia: Reserve Requirements Did WaMu customers lose money? 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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Duration:01:16:20

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#123. I, for one, welcome our new AI robot overlords.

3/21/2023
What happens after AI replaces labor? In this episode, Trishul and Aaron imagine what happens when robots and AI put everyone out of a job. What careers could still exist? Does everyone get custom computer-generated content? If wealth inequality continues on an exponential path, what will the median household do? If the costs of everything in life are driven to a de minimis level, do most people even need jobs? If not, how do they spend their time? Episode References AI Copywriter Wealth Inequality in America Trends in Income and Wealth Inequality U.S. Wealth Distribution Over Time (Graph error; total wealth in Trillions, not Billions) AI reading X-rays Music AI Exams Passed by ChatGPT AI Makes Basic Coding Obsolete ChatGPT FAQ 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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Duration:01:02:37

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#122. The robots are here! Seriously, now what!?

2/21/2023
Is AI going to replace Aaron and Trishul? In this episode, Aaron and Trishul discuss the implication of ChatGPT on their (and other) careers. It will likely replace the knowledge they have gained through the CFP program and can answer most client questions directly. Just like a student can outsource a test and a CPA can outsource data entry. The future value may not come from their knowledge but from the ability to help clients who don't know what they don't know. In asking better questions, both about their lives and specific topics, the ability to help guide along the way to make better decisions will be how advisors [and doctors] thrive in the future. Episode References AI Copywriter AI Video AI Lawyer AI Blogs Arthur C Clarke's Quote ChatGPT on Final Exams ChatGPT passes Wharton Exam AI Robot Lawyer ADA Health AI Tool ChatGPT will change automation jobs AI Lawyer in action AI Podcast ChatGPT adoption rates 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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Duration:01:04:59

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#121. The robots are here! Now what?

1/17/2023
Trishul and Aaron get philosophical as they consider artificial intelligence. In this episode, Aaron and Trishul planned on discussing ChatGPT. But when they go through the history of machine learning, Trishul wonders if a modern AI can pass the Turing Test, and they go down a rabbit hole of the difference between humans and machines. They ponder the question of whether a human's mind/soul has free will or whether the human brain is the result of biology and external inputs. Episode References Bot Writes a Hallmark Christmas Movie ChatGPT Deep Blue vs Gary Kasparov AlphaGo AlphaFold Free Will Blog on ChatGBT 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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Duration:01:02:48

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#120. Planning for downtime during the holiday season

12/20/2022
Creating a routine to fill the unstructured time off. In this episode, Trishul and Aaron discuss what they are going to do with their unstructured time off around the holidays. Aaron is particularly concerned with limiting screen time for his three kids. Trishul shares some of the activities he and his family did during his sabbatical and during Covid and how you can create a routine when you have time to do whatever you want. Episode References All Trails Thousand Trails Year-End Financial Planning Checklist Video Games Versus TV Social Media Versus Mental Health 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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Duration:00:57:59

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#119. What if we live forever?

11/30/2022
Safe withdrawal rates, fulfillment, and economic impact of an aging population. In this episode, Aaron and Trishul explore the question "What if we live forever?" They touch on the science of aging, the economic impact of an aging population, like Japan, and the ramifications on the workforce. While it may seem that supporting a long retirement may require a larger nest egg, it's possible the next generation chooses lifestyles and careers they can maintain much later in life. Episode References Variable Spending Strategy Future Population Growth Retirement Spending Strategies The Rejuvenation Roadmap Reverse Aging Treatment for Mice “Time Jump” by 30 Years 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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

Duration:00:59:07