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The Mind Money Spectrum Podcast

Aaron Agte and Trishul Patel

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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 ...
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Welcome to the Mind Money & Real Estate Podcast; Real Estate Podcast, where amazing things happen. Tune in to learn about mindset, multiplying your money strategies and all things real estate & more. From learning how to own your first home to investing in (ILF) Independent Living Facilities, Foreclosures, Wholesaling, Fix & Flips, Financing, Credit & more and the most important piece to it all you and your precious mindset that will allow you to have the ability to create the life you want ...
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Despite a generation of no real wage growth, how could wages increase? Trishul examines why wages have stayed flat on a REAL inflation-adjusted basis over the last couple of generations. Globalization, tax law, and legislation favoring corporations have combined to increase wealth inequality and suppress wage growth. And Trishul sees no reason for …
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Addressing criticisms of Kamala Harris's Unrealized Gain tax plan. The ultra-wealthy pay a lower tax rate than wage earners, meaning the US has a regressive tax system rather than the intended progressive tax system. Kamala Harris's tax plan would address wealth inequality by taxing unrealized gains. A Forbes article provides numerous critiques, an…
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Rent or buy? How much as a down payment? Most Americans have most of their net worth in their home equity. In this episode, Aaron and Trishul discuss the pros and cons of making a down payment and buying a home. Is it worth making a larger down payment to lower the monthly mortgage? Is it dependent on the growth assumptions of various asset classes…
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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…
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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 …
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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…
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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…
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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, …
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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…
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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…
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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…
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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 …
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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…
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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…
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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 …
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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…
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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 …
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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…
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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…
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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 …
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https://linktr.ee/therealsherylgipson In this episode you will learn what you need to get started in the Air B&B business the software the tips &tools to make money quickly and multiply your wealth. --- Support this podcast: https://podcasters.spotify.com/pod/show/sheryl-gipson/support
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To learn more https://linktr.ee/therealsherylgipson In today's show learn why you need to own a home and how to get into investing quickly with this special house hack and why insurance is the glue to keep it going. --- Support this podcast: https://podcasters.spotify.com/pod/show/sheryl-gipson/support…
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https://linktr.ee/therealsherylgipson to get started investing. In this episode we will discuss the importance of credit in Real Estate Investing and why you want good credit also how to get your credit report from Annualcreditreport.com and the steps needed to improve your scores so you can start making money. --- Support this podcast: https://pod…
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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…
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To learn more & get started https://linktr.ee/therealsherylgipson In this episode you will learn one of the most exciting real estate strategies on how to get property at significant discounts by investing in Tax Lien Certificates & Sales. --- Support this podcast: https://podcasters.spotify.com/pod/show/sheryl-gipson/support…
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Contact me at https://calendly.com/sherylgipson/1-on-1-strategy-call In this episode of Mind Money & Real Estate you will learn what a Family Bank is and how to create it to leave a legacy and create generational wealth. --- Support this podcast: https://podcasters.spotify.com/pod/show/sheryl-gipson/support…
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In this episode you will learn about making the commitment to yourself and your partner and building the money mindset to create wealth and guard against any influences that may danger your progress. --- Support this podcast: https://podcasters.spotify.com/pod/show/sheryl-gipson/support
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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…
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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…
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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…
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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…
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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 …
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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…
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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…
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