The Mind Money Spectrum Podcast Aaron Agte and Trishul Patel

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.

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.

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.

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.

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.

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.