Money Unmentionable

Talking Real Money - Investing Talk

Don McDonald

Education, Business, Investing, How To

4.5 • 811 Ratings

🗓️ 4 January 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

There may be a few things we shouldn't discuss. Money isn't one of them. We need to share nuggets of financial wisdom with our families to help them become better money managers. Beware of a clever new gift card scam. Plus, we share lessons from the Great Recession and more of Suze Orman's bad advice. We also take a lot of calls: Does it make sense to get back into target-date funds? What do we think of this bond ladder fund? How should an extra $500 a month be invested? What should be do...

Transcript

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0:00.0	Reality Radio for a really great future.
0:08.0	We're talking real money.
0:10.3	We have met the enemy, and they are us.
0:15.5	We are often our own worst enemy in a lot of ways.
0:20.7	You know, we like to blame the financial services industry. often our own worst enemy in a lot of ways.
0:27.0	You know, we like to blame the financial services industry for all the terrible advice they give to get you to do things that are not good for you.
0:30.7	But the deal is you end up being the one who's doing them.
0:35.5	It's your brain that is guiding you into bad decisions
0:39.6	welcome to talking real money the podcast and the radio show the radio show first then the
0:45.7	podcast i'm don macdonald in beautiful uh chili florida that's tom cock in gray seattle
0:53.3	does it look gray a little it looks gray look like early May, they said this year.
0:56.7	It'll be so nice then.
0:57.9	We are here to try and help you deal with money,
1:02.0	and you can call us and talk with us about it at 855-935-5-35-talk.
1:06.1	855-935-8-25-5.
1:09.5	But let me just go back to the point I'm trying to make, Tom. We are not good at making financial decisions. We make bad ones all the time, despite the fact that we are supposed to be the smartest creature on the planet.
1:26.3	And part of the reason why is people don't want to talk about money, generally.
1:33.0	It's not a topic.
1:34.1	I grew up in this environment where it was considered not a not suitable topic for the dinner
1:41.0	table.
1:41.5	And basically everything else was, by the way.
1:44.0	Sex? A lot of debate. No, not sex. Okay, good everything else was, by the way. Sex?
	...

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