22 episodes

Welcome to #BLUFFbooks 📚💵🧗‍♀️ -- The podcast 🎤where we summarize & discuss new & classic books on the topic of personal finance. 💹

I’m your host, Ian J. Gates: a Spanish/English teacher, 👨🏻‍🏫 *turned* Army Intel Officer🫡🕵️‍, *turned* Aspiring Financial Advisor. 👨🏻‍💼🕊️

Bottom Line Up Front (“BLUF”) is a military acronym 🪖stating the expectation that one will present the most ⚠️📊important info:



1) At the very start 🎬

-&-

2) In the clearest manner🪞possible.



Likewise, this is a forum 🏛️🎤for kindred spirits 👯‍♀️to distill & present ⚗️:



Big Ideas 🧠💡

from Good Books ✍🏽📚

for Responsible Citizens👨🏾‍💼👩‍🏭

seeking Financial Freedom. 💵🏡💪🕊️👨‍👩‍👦‍👦



——

#BLUFFbooks Rules:👩🏾‍⚖️



Cite sources. 📗

Be brief. ⏱️

Treat others with dignity & respect. 🧐🤝

Use humor. 🤭

Promote personal freedom. 🗽

Don’t bury the lead 😉

 

#BLUFFbooks Podcast Ian Gates

    • Education
    • 5.0 • 3 Ratings

Welcome to #BLUFFbooks 📚💵🧗‍♀️ -- The podcast 🎤where we summarize & discuss new & classic books on the topic of personal finance. 💹

I’m your host, Ian J. Gates: a Spanish/English teacher, 👨🏻‍🏫 *turned* Army Intel Officer🫡🕵️‍, *turned* Aspiring Financial Advisor. 👨🏻‍💼🕊️

Bottom Line Up Front (“BLUF”) is a military acronym 🪖stating the expectation that one will present the most ⚠️📊important info:



1) At the very start 🎬

-&-

2) In the clearest manner🪞possible.



Likewise, this is a forum 🏛️🎤for kindred spirits 👯‍♀️to distill & present ⚗️:



Big Ideas 🧠💡

from Good Books ✍🏽📚

for Responsible Citizens👨🏾‍💼👩‍🏭

seeking Financial Freedom. 💵🏡💪🕊️👨‍👩‍👦‍👦



——

#BLUFFbooks Rules:👩🏾‍⚖️



Cite sources. 📗

Be brief. ⏱️

Treat others with dignity & respect. 🧐🤝

Use humor. 🤭

Promote personal freedom. 🗽

Don’t bury the lead 😉

 

    Ep22 - "Nudge" by Thaler & Sunstein, w/ Andi Wrenn, AFC

    Ep22 - "Nudge" by Thaler & Sunstein, w/ Andi Wrenn, AFC

    #BLUFFbooks 📚 — “Nudge: The Final Edition:” (p. 2021) by Richard Thaler & Cass Sunstein

    Subtitle: "Improving Decisions About Health, Wealth, & Happiness." 

    Big Ideas Below: ⬇️

     

    💡1. Homo Economicus?: Humans are not purely rational creatures - we're all highly influenced by our (very uncertain) personal environments.



    💡2.  Think Fast! - We rely on cognitive heuristics to react to sudden danger & conserve mental energy. But such biases can produce very flawed decisions.



    💡3. Choice Architecture: "We make the room, and the room makes us." There's no such thing as an "influence- neutral" environment.



    💡4. Libertarian Paternalism: Requiring folks to use their reflective, higher-level thinking skills to consciously "opt in" if they really want the "unhealthy" option.

     

    • 28 min
    Ep21 - "The Art of the Sabbatical" by Cady North, CFP & MBA

    Ep21 - "The Art of the Sabbatical" by Cady North, CFP & MBA

     #BLUFFbooks 📚 — “The Art of the Sabbatical:” (p. 2024) by Cady North, CFP & MBA



    Subtitle: "A Money and Mindset Guide for Your Next Work Break." 



      💡Big Ideas Below: ⬇️

     

    🧠 1) Sabbath Rest: An ancient idea for a timeless human need.  

    🧠  2) Your are not your job: resetting boundaries & reevaluating goals.  

    🧠  3) Packing Your Bags & Burning The Boats: Preparing - and committing- to your sabattical.  

    🧠  4) Failure to (Re) Launch? - Coming back right when the time is right. 

    • 23 min
    Ep20 - "Thank God for Bitcoin" by Derek Waltchack w/ guest Evan Frazier, AAMS

    Ep20 - "Thank God for Bitcoin" by Derek Waltchack w/ guest Evan Frazier, AAMS

     #BLUFFbooks 📚 — “Thank God For Bitcoin” (p. 2020) by Derek Waltchack, Gabe Higgins & Jimmy Song, el al. 



    Subtitle: "The Creation, Corruption and Redemption of Money." 



      💡Big Ideas Below: ⬇️

     

    🧠1) What IS Money? (A store of value, medium of exchange, divisible, recognizable, scarce, etc).

    🧠2) No Inflation Without Representation? (How governments debase themselves by debasing their currency).

    🧠3) Spend Money Like Its Going Style? (How inflation fosters a hedonistic, materialistic culture).

    🧠 4) When Churches Are Slaves to Lenders (selfless ministry becomes selfish business)

    🧠 5) The Wrong Rx for a Correct Diagnosis? (Kicking the tires of Bitcoin).

    • 30 min
    Ep19 - "A Random Walk Down Wall Street" by Burton Malkiel w/ guest John Gilmore, MBA

    Ep19 - "A Random Walk Down Wall Street" by Burton Malkiel w/ guest John Gilmore, MBA

     #BLUFFbooks 📚 — “A Random Walk Down Wall Street” (p. 1973, 4th edition in 2016) by Burton Malkiel, PhD



    Subtitle: "The Time-Tested Strategy for Personal Investing.” 



      💡Big Ideas Below: ⬇️



    🧠1) "Castles in the Air" -- Do we rely on fundamental analysis or technical analysis (AKA "charting") in order to pick stocks?  The famous "Keynesian beauty contest" thought experiment has some interesting implications.



    🧠2) Can’t Beat The Market — The efficient market hypothesis (EMH) says that the price of any publicly traded asset will rapidly adjust to reflect all currently available knowledge concerning it. But beware, while bubbles (i.e. housing circa 2008) do eventually pop - the market might stay irrational far longer than you can remain solvent!



    🧠3) Buy & hold — Your biggest enemy when investing…is the man in mirror. Its' often better to automate monthly contributions to mutual funds that reflect major indices like the S&P 500.



    🧠 4) “No Pain, No…” — A spoonful of risk is good (necessary even) for your investment portfolio to grow. Modern Portfolio Theory (MPT) though says you should try to buy securities with inversely correlated returns.

    • 26 min
    Ep18 - "Misbehaving" by Richard Thaler (p. 2015) w/ guest Todd Stankiewicz, CFP & ABFP

    Ep18 - "Misbehaving" by Richard Thaler (p. 2015) w/ guest Todd Stankiewicz, CFP & ABFP

     #BLUFFbooks 📚 — "Misbehaving" by Richard Thaler, PhD (p. 2015)

    Subtitle: "The Making of Behavioral Economics" 📊🤑

     💡Big Ideas Below: ⬇️

    🧠 1. Humans vs. Econs (Normal people usually don’t make the most rational choice).



    🧠 2. Sunk Costs (Even academics doggedly cling to the things & theories they’ve invested in).



    🧠 3. What a Ripoff!! (Fairness, Utility Value & Transaction Value)



    🧠 4. A Matter of Principal (Narrow Framing, Hindsight Bias, & the Principal-Agent Problem).



    🧠 5. Tilting the Pool Table (Thaler & Nudging)

    • 31 min
    Ep17 - "The Index Card" by Olen & Pollack (p. 2016) w/ guest Dr. Ohan Kayikchyan, CFP

    Ep17 - "The Index Card" by Olen & Pollack (p. 2016) w/ guest Dr. Ohan Kayikchyan, CFP

    #BLUFFbooks 📚 — "The Index Card" by Helaine Olen & Harold Pollack  (p. 2016)

    Subtitle:  Why Personal Finance Doesn't Have to Be Complicated

     💡Big Ideas Below: ⬇️

    📇 1. Avoid Unforced Errors - Just do the basics (401k match, index investing, not shopping, etc). 

    📇 2. Life Comes At You Fast - Don't kid yourself, you or any member of your household can become old or disabled. 

    📇 3. Beware of Products You Don't Understand - A fiduciary advisor will educate you, not pressure you.

    📇 4. Safety Nets Still Give Ropeburn - We should all be grateful for social security, food stamps, & medicare. But they're meant to be a last resort. 

     

    • 30 min

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