Money For the Rest of Us
Money For the Rest of Us
A personal finance and investing podcast on money, how it works, how to invest it and how to live without worrying about it. J. David Stein is a former Chief Investment Strategist and money manager. For close to two decades, he has been teaching individuals and institutions how to invest and handle their finances in ways that are simple to understand. More info at moneyfortherestofus.com
- 32 minutes 42 secondsWhat Will Drive Financial Markets in 2026—and How to Make It Your Best Year
We explore the forces likely to shape financial markets in 2026 and how to make better decisions as you pursue your goals this year.
Topics covered include:
- The difference between intentions and resolutions
- Key behavioral biases and how to overcome them
- The cautionary tale of a private real estate fund that went public
- Is the affordability crisis real?
- The big test for AI in 2026
- The financial and economic outlook for the year
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Show Notes
A Slightly Better You in the New Year by Roland Fryer—The Wall Street Journal
Handbook of Cognitive Biases—Federal Intelligence Service FIS
America’s affordability crisis is (mostly) a mirage—The Economist
When Your Private Fund Turns $1 Into 60 Cents by Jason Zweig—The Wall Street Journal
Canadians Are Furious After Real Estate Funds Lock Up Their Money by Paula Sambo—Bloomberg
Blue Rock TI+ Annual Report—Securities and Exchange Commission
Is AI More Like a Mind or a Market? by Walter Frick—Bloomberg
Don’t Fear the Bubble Bursting by Carl Benedikt Frey—The New York Times
Related Episodes
484: 7 Steps to Living a Longer Life
414: Use Caution with Private REITs like Blackstone’s BREIT
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14 January 2026, 4:00 pm - 26 minutes 29 secondsDebt Is For Managing Wealth Not Creating It
Should you borrow money to magnify returns in your 401 (k), IRA, or other tax-deferred retirement account?
We examine Basic Capital, which allows investors to leverage their retirement account investments.
We also explore how the wealthy don't use debt to generate wealth but to manage it.
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Show Notes
This 30-Year-Old’s Startup Is Bringing Leverage to 401(k) Savers by Suzanne Woolley—Bloomberg
This startup is offering mortgages for 401(k)s by Liz Hoffman—Semafor
Startup Failure by Elizabeth Pollman—SSRN
Related Episodes
353: The Pros and Cons of Infinite Banking and Whole Life Insurance
238: The U.S. Is More Socialist Than Denmark Regarding Home Mortgages
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17 December 2025, 6:00 pm - 23 minutes 11 secondsDo Retiring Baby Boomers Actually Move Markets? And How Much Do Demographics Really Matter
As Baby Boomers continue to retire, some analysts expect financial markets to feel the strain. We examine whether demographic shifts truly shape stock and bond returns, or what other factors matter more.
Topics covered include:
- Will retiring baby boomers lead to lower stock prices or higher interest rates
- Some earlier demographic predictions and how they worked out
- How do natural interest rates reflect the demand and supply of capital
- Why demographics are only one factor that determines economic growth and financial market returns
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Show Notes
Measuring the Natural Rate of Interest—Federal Reserve Bank of New York
Distribution of Household Wealth in the U.S. since 1989—The Federal Reserve
Related Episodes
Related Episodes
487: Are We Heading for a 2030s Depression? Global Economic and Population Shifts
445: From Boom to Bust—Why China’s Stocks Lagged Behind Its Economy & Where to Invest Next
395: How Population Trends Will Impact Growth, Inflation, Investing and Well Being
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10 December 2025, 6:00 pm - 42 minutes 29 secondsBurnout, Breaks, and the Courage to Spend with David Bach
David converses with best-selling author David Bach about preventing burnout through sabbaticals, moving to another country, why retirees should take Social Security as early as possible, and Bach's idea of a flat tax on IRA distributions.
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Show Notes
David Bach's IRA Flat Tax Idea
Related Episode
506: Should You Retire Early and Live Outside Your Home Country? With Joshua Sheets
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19 November 2025, 6:00 pm - 20 minutes 37 secondsSports Betting Is Not Investing
Can you really make money sports betting on low-risk, high-probability events?
Topics covered include:
- The growing size and influence of the U.S. sports betting market
- Recent sports betting scandals
- How sports betting odds work
- An intriguing low-risk approach to sports betting
- Why the low-risk sports betting approach is still gambling with a negative expected return
- Behavioral biases that encourage sports betting
- Revisiting the difference between investing, speculating, and gambling
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Show Notes
https://info.lowstressbets.com/
How Do Betting Odds Work? by OC Staff—oddschecker
Senate Commerce Committee Wants Answers on NBA Gambling Scandal—Senate Commerce Committee
ESPN Will Not Let Failure Push It Out Of The Gambling Business by Chris Thompson—Defector
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12 November 2025, 2:00 pm - 21 minutes 52 secondsHoarding, FOMO, and Zcash: A Private Bitcoin
What’s the difference between hoarding and investing? There’s a reason markets built on productive assets—like stocks and bonds—are far larger than hoarding markets such as gold and cryptocurrency. In this episode, David explores why that is, and shares why he recently bought Zcash, and how it’s both similar to and different from Bitcoin.
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Show Notes
The Largest Companies by Market Cap in October 2025—The Motley Fool (Accessed October 2025)
Selling Gold in the Diamond District - Money for the Rest of Us Substack
Related Episodes
513: Crypto—Innovation or Insanity? Meme Coins, Hacks, and Strategic Bitcoin Reserves
432: Are the Economy and Financial Markets Zero-Sum Games?
496: Are You Taking Enough Aspirational Risk?
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29 October 2025, 5:00 pm - 26 minutes 36 secondsDon’t Take Financial Advice from AI
How AI gets simple finance wrong, and how to make it work for you, not mislead you
Topics covered include:
- How AI ignores the time value of money
- A detailed example of ChatGPT misleading by making a simple math mistake
- Some examples of opportunity costs and sunk costs when making financial decisions
- Understanding how AI works can help us use it more effectively
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Show Notes
What Kind of a “PhD-level Expert” Is ChatGPT 5.0? I Tested It. by Gary Smith—Mind Matters
Top US Army General Says He’s Letting ChatGPT Make Military Decisions by Joe Wilkins—Futurism
Why Language Models Hallucinate by Adam Tauman Kalai, Ofir Nachum, et al—Arxiv
Auto Loan Calculator—nerdwallet
Related Episodes
538: Forests, Fakes, and the Fight for the Real
457: AI’s Fork in the Road: Societal Bliss or Existential Threat
450: How Higher Interest Rates Alter Our Financial Blueprint
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22 October 2025, 3:00 pm - 18 minutes 54 secondsDebasement Fears or Meme Fever? What’s Driving the Gold and Silver Rally
Are gold and silver up more than 50% in 2025 because investors fear currency debasement, or is this rally just the latest meme trade? In this episode, we explore the supply and demand forces behind gold and silver, discuss investing strategies, and outline what to watch to see if investors truly are worried about debasement.
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Show Notes
How long will gold mania last?—Financial Times
Gold Reserves by Country—World Gold Council
Gold's rise in central bank reserves appears unstoppable by Jamie McGeever—Reuters
Above-ground stock—World Gold Council
Gold Demand Trends: Q2 2025—World Gold Council
Treasury Term Premia—Federal Reserve Bank of New York
Investments Mentioned
iShares Gold Trust (IAU)
SPDR Gold Trust (GLD)
SPDR Gold MiniShares Trust (GLDM)
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15 October 2025, 2:00 pm - 26 minutes 23 secondsBeyond Munis — New ETFs for Tax-Efficient Bond Investing
How to decide when to invest in municipal bonds versus new tax-efficient bond ETFs that don't invest in munis.
We analyze several newer ETFs that earn bond-like returns while avoiding paying taxable income distributions.
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Investments Mentioned
Vanguard Tax-Exempt Bond ETF (VTEB)
iShares 7-10 Year Treasury Bond ETF (IEF)
JPMorgan Ultra-Short Municipal Income ETF (JMST)
Alpha Architect 1-3 Month Box ETF (BOXX)
F/m Compoundr U.S. Aggregate Bond ETF (CPAG)
F/m Compoundr High Yield ETF (CPHY)
NEOS Enhanced Income Aggregate Bond ETF (BNDI)
NEOS Enhanced Income 1–3 Month T-Bill ETF (CSHI)
Show Notes
US municipal bond defaults and recoveries, 1970-2022 by Moody's Investor Service—Fidelity
Five Reasons Municipals Have Rarely Defaulted by Matthew Norton—Bernstein
Cboe:BOXX | Investment case—alpha architect
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8 October 2025, 3:00 pm - 6 minutes 20 secondsMoney for the Rest of Us Update
This week there isn’t a regular Money for the Rest of Us episode, but David shares an update on what’s happening behind the scenes. He previews an exclusive Plus member livestream on the forces shaping the next decade, explains why there won’t be a new episode next week, and highlights fresh content available on YouTube, Instagram, LinkedIn, and Substack. David also reflects on consistency, community, and the process of writing his second book. Regular episodes return in October.
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24 September 2025, 6:00 pm - 25 minutes 53 secondsResilient Wealth in an Era of Infinite Money
What happens when the money supply grows too slowly or too quickly? From gold-standard deflation to QE-driven inflation and inequality, we trace the lessons of monetary history, and what we can do today to protect ourselves in an age of infinite money.
Topics covered include:
- How is the money supply measured, and why is it a subjective exercise
- What is an example of a negative money shock
- Why an optimal monetary policy would lead to deflation, and why that is a good thing
- What causes inflation
- How quantitative easing contributed to wealth inequality
- What is demurrage currency
- The unorthodox way Richard Nixon sought to combat high inflation and a strong dollar
- How to increase our wealth in an era of infinite money
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Show Notes
Distribution of Household Wealth in the U.S. since 1989—The Federal Reserve
Speech by Richard Nixon (15 August 1971)—CVCE
US - Total Market Cap Divided by M2 Money Supply—MacroMicro
Does Quantitative Easing Affect Inequality: Evidence from the US - Nektarios Michail
Debt: The First 5,000 Years by David Graeber
Related Episodes
482: Unlocking the Power of Positive Skewness: Strategies for Investing, Business, and Creativity
431: The Long-term Bullish Case for Gold
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