monkeymagick / tags / money

Tagged with “money” (4)

  1. LIVE from the NYPL & The Aspen Institute Present: Capitalism and the Future

    The President of the Aspen Institute, Walter Isaacson joined by Niall Ferguson, author of The Ascent of Money , Indra Nooyi, Chairman and CEO of PepsiCo, Eric Schmidt, Chief Executive Officer of Google, and Nassim Taleb, scholar of randomness and risk and author of The Black Swan together will examine:

    What will the American economic system look like in the months and years ahead?

    Who are the innovators currently shaping the future?

    What will be the role of business in that future?

    —Huffduffed by monkeymagick

  2. J L Collins | So Money with Farnoosh Torabi


    J L Collins

    Author of The Simple Path to Wealth

    If you love the show, please leave a brief review on iTunes here. It is the SINGLE biggest way to support the podcast! Email me here when you do and each week I select one reviewer to receive a free 15 minute money consultation with me!

    Read Transcript

    Today’s guest is J L “Jim” Collins, a prolific financial blogger who began writing more or less in retirement. In 2011 he wrote a series of letters to his daughter about money and investing so she could learn what worked and even from his mistakes. In the process, he created a gateway to financial independence for her. At the suggestion of a colleague, he created a blog where he posted the letters so they could also benefit his other family and friends. The blog is at

    Fast forward to today, the blog has become a go-to for people around the world seeking financial wisdom. And he has a new book out called The Simple Path to Wealth. James has taken the ideas and concepts and crafted them into a roadmap for readers.

    In the interview we discuss his top investment pick of all time. Plus, those letters he wrote to his daughter about money like how did she react and where is she today?

    If you’d like to learn more about James, visit his website

    One of my favorite quotes from the interview: “There is no more powerful tool than money and if you don’t master it, it will master you.” – Click To Tweet

    You might also like…

    Mr. Money Mustache, Founder of

    Mrs. Money Mustache, Personal Finance Blogger

    Darrow Kirkpatrick, Millionaire Next Door

    Joe Koss

    Thank you for sharing this wonderful resource Farnoosh! I was not familiar with this blog and have been checking into some of the stories he has written to his daughter. Finding a voice like this to share with my students in certain areas like investing will help generate more interest on topics that can be a little dry or intimidating.

    Christine Hansen

    Great episode! And what voice (literally) this man has! I was sad when it was over 😉 Great wisdom here and checking out the blog now!

    —Huffduffed by monkeymagick

  3. 059 - Early Retirement Extreme - Homesteading and Permaculture by Paul Wheaton

    Podcast (videos): Download (36.1MB)

    Paul interviews Jacob from (There is also a thread on Early Retirement Extreme (ERE) at They talk about Jacob’s experience retiring at 33 (he’s 35 now), and how he got to that point. There are different levels of “extreme” one can take, depending on what is comfortable, but, as Jacob says, “The point is to look at your entire life, deliberately.” Jacob compares frugality with a small focus to a mindset that is a little more practical. An example they go into is heating and cooling the house or office rather than changing how one dresses. Jacob mentions a Japanese approach of heating in which you create a warm space beneath your desk or table. Paul labels this a kotatsu, and Paul mentions his article, I Cut 87% Off My Electric Heat Bill at Jacob and Paul discuss the “buy more” culture, and Jacob suggests a few ways to see past it. When people asked Jacob to write a book for someone still immersed in the consumer mindset, he found he couldn’t do it as he couldn’t put himself back into it. Paul shares his similar difficulty of relating to someone a few points away on the Wheaton Eco Scale. Paul and Jacob discuss how ultimately, the way we live our lives is a choice, and what is important is being conscious that it is a choice, rather than feeding into cultural programming. Paul shares his story and frustration over paying interest on loans. He was tired of being a slave to his past choices and “the system.” The ERE book provides an exit strategy. Jacob has set up an ERE forum with a diverse crowd of participants. Paul asks for Jacob’s take on peak oil etc. They discuss silver and gold, and Jacob talks about the value of investing. Jacob talks about growing into a mindset rather than quick what-to-dos. He also prefers a relaxed approach to things, and sleep–not worrying about what his stocks will look like the next day. Paul brings up the book, Mortgage Free and shares its philosophy. Jacob says that a good rule of thumb for investing is to determine your monthly costs, multiply them by 300, and that is the amount you need to invest. Paul shares about an article in Permaculture Magazine of a guy who went a whole year without money. He then makes the comment that after you retire, it’s still ok to make money. Jacob dislikes taking on things or hobbies that will have recurring costs. He would rather have more freedom than more costs.

    This podcast is available along with 39 others in one big gob for the freaky cheap price of $4.50 here.

    —Huffduffed by monkeymagick