Goldstein On Gelt

Meet legendary author and expert on lateral thinking Edward de Bono. What is lateral thinking? And what is the logic behind his famous book, The Six Thinking Hats? Find out which hat you're wearing.

This week, Julie Deane, founder and president of the Cambridge Satchel Company, returns to The Goldstein on Gelt Show. Find out how her company has mushroomed in the past twelve months, how Julie came to join British Prime Minister David Cameron on a trade delegation to China, and what the future may hold for the Cambridge Satchel Company, a business that originally began in the Deane family kitchen with just £600! And don't forget to listen to all of your favorite financial tips and tricks on this week's show.

Financial resolutions are easy to make, but difficult to keep. In order to reach your financial goals, try using these ten investment strategies. Tune into the financial podcast to follow the countdown and learn about effective financial strategies.

Deciding between renting or buying a home is a difficult calculation. How can we balance the quality of life with financial risk? Doug deals with this issue on today’s show when he answers a listener’s question on how much money he should invest in buying an apartment. There are many advantages and disadvantages with renting or buying a home. Find out what all the considerations are, including the common pitfalls of buying a home. Takeaway: it depends on balancing today’s quality of life against tomorrow’s. Today’s guest, Vicki Robin, coauthor of Your Money or your Life: Transforming Your Relationship With Money and Achieving Financial Independence, looks at the quality of life and relates this to the pursuit of money. Discover how your life energy can help you gain control of your finances and get started on the path to financial independence. Follow Vicki and her work at: http://vickirobin.com/

Should the Nobel Prize in Economics be given to the person who can discover a way to invest for maximum return but little risk? Can you invest for a maximum return and with a conservative stance? Doug examines both of these concepts on this week’s show, giving advice on how to make smart investment choices. Listen to the whole show to get a link to a video clip (free) that can help you determine the proper asset allocation model for you. Today’s guest, Professor John Palmer of the University of Western Ontario explains the politics behind the Nobel Prize in Economics.  He also shares insights about the financial problems with the Boycott, Divestment, and Sanction campaign (BDS) against Israel, and why it hurts the people it’s meant to help. Follow John Palmer and his work at his blog: http://www.eclectecon.net/

Many investors are concerned about the economy's prognosis. Is there an investment that can withstand economic turmoil and provide returns for investors? Exchange-Traded Funds (ETFs) are popular among investors and professionals. On today's show, find out what ETFs are and learn: What are the underlying assets within ETFs? How do they trade? What are the costs involved? Professor Donald J. Boudreaux of George Mason University explains why he is optimistic about the economy despite a nearly $20 trillion national deficit in the United States. He offers insight as to how increasing interest rates affect America's ability to pay its bills. Listen also to what Professor Boudreaux has to say about Nobel Prize winner Paul Krugman's economic views. Follow Professor Boudreaux on his blog at http://cafehayek.com

Is the recent market volatility a sign of hard times ahead? It depends who you ask. Some experts say the market's recent decline is a buying opportunity, while other analysts see it as the beginning of a bigger decline. Doug analyzes the options and shares the opinions of analyst Andrew Roberts (Royal Bank of Scotland) and previous Goldstein on Gelt guest Kimberly Foss. How should their forecasts affect you and your investments? While analysts debate whether recent market swings makes an efficient marketplace, there's also debate about efficient energy. Lynne Kiesling, associate professor at Northwestern University, explains how energy efficiency affects us all. Do politics govern energy policy, rather than scientific and economic considerations? What can the energy industry learn from the successful growth and development of digital technology? Read Lynne Kiesling's blog at http://knowledgeproblem.com/. You can also follow her on Twitter at @knowledgeprob. Visit her website at: http://www.lynnekiesling.com/

What happens if you have several children and many expenses to cover? Even if you work hard, the bills can seem never-ending. In today’s show, Doug answers a listener’s question on how to balance your budget and pay the bills. Learn 3 ways to help reduce debt and spend less money so that your paycheck lasts until the end of the month. Professor Aaron Ciechanover of the Technion–Israel Institute of Technology in Haifa, winner of the 2004 Nobel Prize in Chemistry, talks about the ubiquitin system and how it helped to pioneer successful cancer treatment. Discover how drug companies decide which kinds of research are most promising. How does Professor Ciechanover help children to fulfill their dreams of building a better world, and why does he see his work as a labor of love rather than simply as a job?

Comprehensive financial planning includes cash-flow, investments, and insurance. Are you properly insured? Doug answers a letter from a listener who asks about private insurance policies. How can you determine the most appropriate insurance policy, and make sure your pension plans are properly set up? Don’t forget the legal implications of your financial planning and insurance decisions. Veteran lawyer Ely Rosenzveig explains the legal pitfalls of retirement planning, why women have different legal considerations from men, and what to consider if you are moving to Israel. Follow Ely Rosenzveig on his website at: www.ejrosenlaw.com You can also call him in Beit Shemesh: 02-6457067 or at his office in the United States: 914-816-2900.

What is the best way to invest an inheritance so that its value can grow? Doug answers this question as well as giving tips on how to save money by automating your savings. And today’s guest is legal expert Timothy Sandefur.  Find out what the status of “eminent domain” is and if local governments are abusing the power they have to confiscate land and property. Should you invest in real estate if the government could take it away? Follow Timothy Sandefur’s work at the Goldwater Institute here – http://goldwaterinstitute.org/en/ Read his book, Cornerstone of Liberty: Property Rights in 21st Century America.

Market volatility leads many investors to make a big mistake when planning their finances. Learn how to avoid the most common investing mistakes. How can you make time work to your advantage, both in your investment portfolio and life in general? In today’s interview, Jeff Sutherland, former fighter pilot and author of Scrum: The Art of Doing Twice the Work in Half the Time, shares his unique model for achieving goals quickly and efficiently. Apply this model to personal finance, and get tips on how to develop more self-discipline in your financial habits. Follow Jeff and his work at www.scruminc.com. Download the first chapter of Scrum: The Art of Doing Twice the Work in Half the Time onto your e-reader for free here.

Is it best to manage your money by yourself or to use a money manager? Today’s show discusses money managers: how can you measure a money manager’s success? Would you be better off buying an index fund? One of the biggest worries that investors have is market uncertainty. David D. Holland, radio host, author, and financial planner, returns to The Goldstein on Gelt Show to talk about the factors that cause fluctuations in the markets. How does the energy industry affect the economy, and what are the effects of election year? Get useful advice on the best way to react to market changes and manage your money. Follow David Holland’s work on: http://planstronger.com/

Does investing in rental property lower the risks posed by market volatility? Doug discusses the advantages and disadvantages of investing in the rental property market in the United States. Renting out a property involves challenges, such as finding responsible tenants, handling repairs, adhering to building and safety codes, and much more. Find out how to invest in property without all the hassles of being a landlord by purchasing a REIT (real estate investment trust). Are you worried about market volatility? Bestselling author and president of Empyrion Wealth Management, Kimberly Foss explains why market volatility shouldn't scare investors away. She offers a special bonus to our listeners: a free copy of her book Wealthy By Design: A 5-Step Plan for Financial Security. Listen to the end of the show to find out how to get it. Follow Kimberly Foss and her work at www.Kimberlyfoss.com and http://empyrionwealth.com/ Send your questions to her at Kimberly@kimberlyfoss.com. You can also follow her on Twitter at

Who will control your finances if you lose your ability to make decisions? Many senior citizens suffer from memory loss, dementia, and other cognitive disorders as they age. The Alzheimer’s Society recently issued a report about the vulnerability of dementia sufferers to financial abuse and the need to protect them. Today’s show is devoted to aging and finance and what to do if you, your spouse, or your parents suffer from any health issues that affect their ability to make wise financial decisions. Find out: How to organize the financial and legal affairs of a dementia sufferer. What kinds of accounts should you set up? What are the most appropriate investments for people suffering from mental health issues?

How do dropping in oil prices, economic changes in China, and inflation affect your financial plan? What is the best way to respond to market volatility? On today’s show, Doug discusses what causes market fluctuations, and what economic changes really mean for your financial plan. Also, sample the new financial podcast "4-Minute Money Ideas" This financial podcast is the audio version of Doug's articles in The Jerusalem Post. Today’s discussion is about "What Should You Do When You Get an Inheritance." You can listen to the 4-Minute Money Ideas here or on iTunes.

What is the best way to invest when there is a strong dollar? In today's show, Doug answers a listener's question about the best way to invest when there is a strong dollar and you are an American citizen living abroad. Learn the difference between "reference currency" and "living currency." Does the U.S. government possibly discriminate against its citizens who live overseas? Read this article about the tax reporting obligations of Americans living abroad. Today's guest, Mark Divine, a former Navy SEAL and bestselling author of The Way of the SEAL and Unbeatable Mind, compares a long-term investor with a sniper. He speaks about managing your mind and emotions in order to make the right decisions. How can you develop patience, which is one of the most necessary qualities for being a long-term investor? Follow Mark Divine's work on: http://sealfit.com/ and http://members.unbeatablemind.com/ and on Twitter at: @MarkDivine

Don’t get carried away by rising interest rates. Instead, consider the impact of interest rates on your retirement plan. Doug reviews fundamental points about retirement planning and how to make sure your money is there for you when you actually need it. How should rising interest rates affect the way you handle your investments? Money manager Chris Cogswell returns to The Goldstein on Gelt Show and discusses what happens in a rising interest rate environment. Chris also explains how high frequency traders compare to retail investors to the market and institutional investors. Follow Chris Cogswell and his work at:  http://www.prginc.net/. You can also follow him on LinkedIn as J. Chris Cogswell and on Twitter at @JChrisCogswell.

Does being a successful investor influence your retirement age? Find out about the advantages and disadvantages of early and late retirement. Learn about claiming Social Security and the connection between Social Security payments and Bituach Leumi (Israeli National Insurance) pensions. Is there a simple mathematical formula to guide you towards the right decision on when to retire or how to invest for success? Today Doug speaks with mathematician Professor John Allen Paulos of Temple University, author of A Mathematician Plays the Stock Market, about stock market strategies. Which formulas and strategies work, and which ones are just wishful thinking? Can using mathematical formulas help you become a successful investor? Follow John Allen Paulos on Twitter @JohnAllenPaulos and visit his website at: www.johnallenpaulos.com. Read his latest book, A Numerate Life.

The average retirement savings of American families is $95,776. At first, this sounds like a hefty sum, but there is more to the number than meets the eye. Since it’s the average retirement savings, it doesn’t reflect the fact that nearly half of American families have no retirement account savings at all, and the median — 50th percentile — family has just $5,000 saved. Today’s show gives practical tips on how to save for your retirement, with an eye to increasing your retirement savings. Retirement is expensive – especially in America. That’s why some Americans consider retiring abroad. While housing, health care, and other costs may be lower in other countries, there are other financial issues that arise with a move abroad. Art Koff, MarketWatch columnist and founder of RetiredBrains.com, discusses critical questions that you should ask before retiring to another country. He also addresses how to get your Social Security, and shares great resources that retirees can use to plan their golden years. Follow Ar

Recent reports indicate that the Federal Reserve is expected to raise interest rates again this year. What effect will this have on individual investors and your investment portfolio? On today’s show, Doug discusses interest rates, their significance, CDs, and a bank deposit that may have a higher than average return. Listeners wanting to learn more on the topic can click here. In the second half of the show, annuity specialist Stan Haithcock dissects the myths behind the advertisements and explains that an annuity is simply a contract, not even an investment. Find out why it’s critical to fully understand the contractual guarantees. Learn more about Stan Haithcock and his work at: www.stantheannuityman.com