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 ...
…
continue reading
Comedian Rich Kiamco interviews people he meets along his journey: comics, entertainers and more - part humor, part hardship, part spirituality / self-help and stories, stories, stories. #WTY www.WTYpod.com
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#139. Rent-Seeking Exposed: Hidden Costs of Modern Life
1:09:56
1:09:56
Play later
Play later
Lists
Like
Liked
1:09:56
How U.S. government incentives create rent-seeking. In economics, rent-seeking is extracting wealth without adding value. Trishul provides data and examples of how rent-seeking has made lives harder. Home prices, healthcare, and education have all increased more than incomes, and rent-seeking is partially to blame. They look at how the U.S. governm…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#138. Financial Planner tells a story of why Fee-Only matters
1:02:14
1:02:14
Play later
Play later
Lists
Like
Liked
1:02:14
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 …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#137. You can't pay someone for free money.
1:06:52
1:06:52
Play later
Play later
Lists
Like
Liked
1:06:52
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 immedia…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#136. David Shapiro: How can we prepare for the Fourth Industrial Revolution?
1:25:03
1:25:03
Play later
Play later
Lists
Like
Liked
1:25:03
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 i…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#135. Aaron and Trishul discover the meaning of life.
1:04:03
1:04:03
Play later
Play later
Lists
Like
Liked
1:04:03
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, …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#134. Stuff. Lots and lots of cheap stuff.
1:06:31
1:06:31
Play later
Play later
Lists
Like
Liked
1:06:31
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 p…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#133. How to emotionally prepare for an IPO
1:09:21
1:09:21
Play later
Play later
Lists
Like
Liked
1:09:21
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 ha…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Viral Prank fooled all the AGT judges! Sunny Chatum aka Krista Komondor's secret story Ep56
1:16:42
1:16:42
Play later
Play later
Lists
Like
Liked
1:16:42
Sunny Chatum auditioned for AGT America's Got Talent and fooled all the judges! Krista Komondor talks about her process creating one of the biggest pranks in history of the biggest reality talent contest on TV.By Rich Kiamco
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#132. Why would you ever want to be a W-2 employee anymore?
1:04:34
1:04:34
Play later
Play later
Lists
Like
Liked
1:04:34
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 m…
…
continue reading
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 …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#130. Manage expectations to cultivate your ideal year.
1:10:31
1:10:31
Play later
Play later
Lists
Like
Liked
1:10:31
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…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#129. Ideal day, week...and societal expectations?
1:09:41
1:09:41
Play later
Play later
Lists
Like
Liked
1:09:41
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…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#128. The mutual fund industry is changing. Here's how.
1:19:00
1:19:00
Play later
Play later
Lists
Like
Liked
1:19:00
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 …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#127. When it is okay to not save enough?
58:20
58:20
Play later
Play later
Lists
Like
Liked
58:20
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…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Rich Kiamco returns with Aaron Rosen and his 40+ celebrity Impressions, pickleball and more Ep55
34:00
34:00
Play later
Play later
Lists
Like
Liked
34:00
Rich Kiamco returns after a long pause with comedian + impressionist Aaron Rosen with over 40+ celebrity impressions, news about Rich's thriving venture The Laugh Tour Comedy Club where Aaron is a regular, and their pickleball partnershipBy Rich Kiamco
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#126. The robots are here! Are humans finished?
1:17:23
1:17:23
Play later
Play later
Lists
Like
Liked
1:17:23
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 …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#125. If you have NSOs, you need to listen to this episode.
59:57
59:57
Play later
Play later
Lists
Like
Liked
59:57
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 sufficien…
…
continue reading
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 regula…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#123. I, for one, welcome our new AI robot overlords.
1:02:37
1:02:37
Play later
Play later
Lists
Like
Liked
1:02:37
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 …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#122. The robots are here! Seriously, now what!?
1:04:59
1:04:59
Play later
Play later
Lists
Like
Liked
1:04:59
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 fu…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#121. The robots are here! Now what?
1:02:58
1:02:58
Play later
Play later
Lists
Like
Liked
1:02:58
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 t…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#120. Planning for downtime during the holiday season
57:59
57:59
Play later
Play later
Lists
Like
Liked
57:59
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 Co…
…
continue reading
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…
…
continue reading
The current and future impact of going solar and electric. In this episode, Trishul and Aaron discuss the decreasing cost of solar power and whether paying the extra cash now for solar panels or electric vehicles pays off in the end. Episode References EVs save money in the long run California Electric Mandate Solar is now the cheapest in history P…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#117. Aaron teaches Trishul how to play fantasy football.
1:50:08
1:50:08
Play later
Play later
Lists
Like
Liked
1:50:08
Everything Fantasy Football. In this episode, Aaron teaches Trishul how to play fantasy football. They use passive investing and simple behavior heuristics as analogies for auto-drafting and setting a lineup. They discuss positional scarcity, relative value, and the diminishing marginal benefit of additional research time. But in the end, it's the …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#116. Is Socially Responsible Investing worth it? Here's why not.
57:36
57:36
Play later
Play later
Lists
Like
Liked
57:36
Is ESG investing worth extra fees and opportunity cost? There may be better ways to spend your money. In this episode, Aaron and Trishul discuss Socially Responsible Investing and ESG investing. Environmental, Social, Governance investing. They discuss the theories around how and why you you would invest in companies with objectives other than pure…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#115. Tax-Loss Harvesting 202: If you're really serious about it, listen here first.
59:47
59:47
Play later
Play later
Lists
Like
Liked
59:47
Tax-Loss Harvesting is not free money, but it still has some long-term benefits. In this episode, Trishul and Aaron discuss all the nuances and caveats of tax-loss harvesting. It is definitely a good thing, but may be more of a tax-deferral than a genuine tax savings. Unless you can get a step-up in basis. The biggest benefit of tax-loss harvesting…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#114. The hidden dangers of Doomscrolling.
58:52
58:52
Play later
Play later
Lists
Like
Liked
58:52
With social media, it takes practice to fight the default doomscrolling behavior. In this episode, Trishul and Aaron examine their own behaviors when it comes to social media and how it continually elicits negative emotions. Social media engines feed more negative items because these drive greater interaction across society. They discuss the balanc…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#113. What you shouldn't do when interest rates rise.
58:57
58:57
Play later
Play later
Lists
Like
Liked
58:57
Most advice for dealing with rising interest rates doesn't work after the fact. All the advice of what to do during rising interest rates only applies if you went back in time and knew interest rates were going to rise in the future. Once they have already risen, there is not much you can do. But Aaron and Trishul discuss some of the things you cou…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#112. Here's why you need to spend more.
1:06:07
1:06:07
Play later
Play later
Lists
Like
Liked
1:06:07
Being intentional with spending and saving can reduce stress and increase happiness. If you are on track to be financially independent, when is it ok to spend more? If you are saving well and your income keeps growing, do you scale back or use your extra to move beyond basic needs? After you are earning enough to cover regular spending and saving, …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#111. The math behind March Madness and Buffett's Billions.
51:27
51:27
Play later
Play later
Lists
Like
Liked
51:27
How the math behind Buffett's Billion applies to psychology and finance. In this episode, Aaron and Trishul look at the math behind the March Madness game Buffett's Billion and the probabilities of unlikely things happening. How does Warren Buffett put up $1 Billion for a free game? While each individual underdog is more likely to lose, if enough u…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#110. How can inflation and deflation happen at once?
1:12:44
1:12:44
Play later
Play later
Lists
Like
Liked
1:12:44
Deflation from technology, but prices still increase. In this episode, Aaron and Trishul discuss deflation due to improvements in technology. They use computers, TVs, and cars as analogies for real estate, education, and healthcare. Even if prices of new cars aren't going down, it's the benefits and value that have driven the increases in prices. T…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#109. A beginner's guide to the Alternative Minimum Tax.
1:11:01
1:11:01
Play later
Play later
Lists
Like
Liked
1:11:01
Need to know about AMT preference items, add backs, and exclusions? And how do AMT credits work? In this episode, Trishul convinces Aaron to wade deep into AMT. They discuss Alternative Minimum Tax preference items, exemptions, adjustments, and exclusions. Aaron provides an example of how the AMT exemption matters when exercising ISOs and why you m…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#108 What should you do about inflation? The answer will surprise you.
1:06:35
1:06:35
Play later
Play later
Lists
Like
Liked
1:06:35
A well-designed asset allocation shouldn't need to adjust in response to inflation. In this episode, Aaron and Trishul discuss inflation. They go through factors that led to rising prices in 2021. And they relate potential impacts to consider. Our hosts then explore how stocks and bonds have performed over historical inflationary periods. You proba…
…
continue reading
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 eva…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#106. Retirement planning around longevity: what you need to consider.
52:13
52:13
Play later
Play later
Lists
Like
Liked
52:13
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…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#105. Which life lessons matter the most to your long-term success?
58:17
58:17
Play later
Play later
Lists
Like
Liked
58:17
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 b…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#104. 2nd year retrospective: Our favorite episodes and what you listened to most.
1:20:37
1:20:37
Play later
Play later
Lists
Like
Liked
1:20:37
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 yo…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#103. Don't miss out on big savings during Open Enrollment Season.
50:23
50:23
Play later
Play later
Lists
Like
Liked
50:23
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…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#102. Your guide to navigating the equity compensation jungle (inc. ISOs, NSOs, RSUs, & ESPPs).
58:46
58:46
Play later
Play later
Lists
Like
Liked
58:46
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 exerci…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#101. ISO University: It's IPO Time! So now what do you do with your ISOs?
1:01:05
1:01:05
Play later
Play later
Lists
Like
Liked
1:01:05
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…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#100. ISO University: Your guide to navigating ISOs in a pre-IPO company.
1:02:16
1:02:16
Play later
Play later
Lists
Like
Liked
1:02:16
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…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#99. ISO University: Congrats, you're hired! Now follow these steps with your new ISOs.
1:01:23
1:01:23
Play later
Play later
Lists
Like
Liked
1:01:23
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…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#98. Why do the rich keep getting richer? The shocking truth behind the Pandora Papers.
46:16
46:16
Play later
Play later
Lists
Like
Liked
46:16
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 Am…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#97. Blockchain is here to stay, but how much crypto is too much?
59:30
59:30
Play later
Play later
Lists
Like
Liked
59:30
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'r…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#96. Here's why the Biden tax plan misses the mark.
1:04:44
1:04:44
Play later
Play later
Lists
Like
Liked
1:04:44
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 wil…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#95. If you don't take your online privacy seriously, someone else will.
58:54
58:54
Play later
Play later
Lists
Like
Liked
58:54
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 th…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#94. What can you really do to protect yourself from cybertheft?
57:32
57:32
Play later
Play later
Lists
Like
Liked
57:32
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 thei…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#93. How to give up and quit like a pro
1:06:23
1:06:23
Play later
Play later
Lists
Like
Liked
1:06:23
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 s…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
#92. When it comes to tracking performance, here's what really matters.
1:04:35
1:04:35
Play later
Play later
Lists
Like
Liked
1:04:35
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…
…
continue reading