Goldstein on Gelt

Professor Robert Aumann, winner of the 2005 Nobel Prize in Economics, explains game theory, how it works, and how it can it be applied to making financial decisions.

Professor Edmund Phelps, winner of the 2006 Nobel Prize in Economics, and author of Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge and Change , discusses how mass innovation and the creation of new products leads to national prosperity. What do people need to encourage them to think of new ideas? And how do new ideas help spread prosperity? For a video version or transcript of...

Is minimum wage important for workers? Professor Dale Mortensen, winner of the Nobel Prize in Economics in 2010, explains what the movie Moneyball teaches about the minimum wage. Find out what friction is in terms of markets, and what may encourage workers to be more productive.

Professor Peter Diamond, winner of the 2010 Nobel Prize in Economics, explains the purpose of Social Security and how recent policies may affect the U.S. economy. What can retirees expect from Social Security in the future?

Magnus Carlsen is one of the world's most famous chess players, becoming a grandmaster at age of 13. In this interview, he shares his thoughts on the question of whether talent is innate or if it is something you have to work at. He also gives advice on how to develop your chess skills and shares what a day in the life of a top chess professional is like.

Macroeconomic data such as inflation, interest rates, and employment figures often appear in news reports. But what does this information mean, and how does it affect the ordinary person? Professor Christopher Sims, winner of the 2011 Nobel Prize in Economics, explains what macroeconomic data teaches us about the state of the economy. Follow Professor Sims at: http://www.princeton.edu/~sims/

What's the difference between quasicrystals and regular crystals, and how does this affect your life? Professor Daniel Shechtman, winner of the 2011 Nobel Prize in Chemistry, tells the story of how he defied scientific opinion to discover quasicrystals. Find out which industries use quasicrystals today, and why Israel produces so many successful scientists.

Are margin accounts a smart way to build a portfolio? Ever thought about borrowing money to invest? Don't do it! At least, not till after you listen to this episode of The Goldstein on Gelt Show ! Margin accounts, borrowing money to invest, is a risky investment strategy that shouldn't be done without careful consideration Find out what a margin account is and why it may be a bad idea. Four questi...

Often the financial world advocates "more money" and "more growth" – but can you live with less? Graham Hill is a firm believer that you can live on less. Graham's awesome TED Talk, " Less Stuff, More Happiness " set off a lively debate. He shares his unique view on society's need to get more money, more power, more stuff…just "more" in general. Yet, studies show that beyond a certain minimum inco...

What is graphene, and where and how is it used? Andre Geim, who won the Nobel Prize in Physics in 2010 for his work in discovering graphene, discusses his work and its practical implications. How easy is it to turn a scientific breakthrough into a viable consumer product?

Is it possible to make an income from passive income, or is it all internet hype? Online entrepreneur Pat Flynn, from the Smart Passive Income blog , explains how more and more people are running successful online businesses. He also shares how he earns money from passive income and gives tips on how to begin an online business. Follow Pat Flynn at: www.smartpassiveincome.com and on Twitter @PatFl...

Does being an optimist have hidden benefits? Benjamin Zander, music director of the Boston Philharmonic Orchestra and the co-author of The Art of Possibility , explains how learning from your failures can turn you into an optimist. Follow Benjamin Zander at: www.benjaminzander.com and on Twitter @BenjaminZander

Professor Gary Becker, 1992 Nobel Prize Winner in Economics, shows you how to apply economic theory to family finance. Learn new ways you can make sound financial decisions, and resolve family conflicts about money.

What is "loss aversion," and why does it cause investors to make mistakes? Professor Daniel Kahneman, winner of the Nobel Prize for Economic Sciences in 2002, is well known for his work on the psychology of judgment and decision-making. Find out what loss aversion is, why overconfidence can be bad for investors, and how to avoid making financial mistakes.

Many investors use "financial forecasting" and base their investment strategy on what they think might happen in the markets. Is that a good idea? Roger Whitney, CFP®, host of The Retirement Answer Man podcast, and Douglas Goldstein, CFP®, director of Profile Investment Services, Ltd., discuss the problems with choosing investments based on predictions of what might be. Learn the difference betwee...

Market trends are often reflected in indices, like the Dow Jones Index or the S&P 500. But what about an index based on social media? Douglas Goldstein, CFP®, a financial advisor specializing in cross-border investments, discusses the BUZZ Index, an index based on social media statistics, with its founder, Jamie Wise. Find out how the BUZZ Index works and why people may be more inclined to tell th...

Spousal U.S. social security benefits can add up, so if you are divorced (or know someone who is), make your claim accordingly. Devin Carroll, financial advisor at Carroll Investment Management, discusses with cross-border financial planner Douglas Goldstein, CFP®, the effects of divorce and remarriage on Social Security benefits. Find out why women in particular should research what they may be e...

"Cheapskate" isn't necessarily a pejorative term, as cross-border financial planner Doug Goldstein, CFP®, finds out when he interviews Jeff Yeager, author of How to Retire the Cheapskate Way: The Ultimate Cheapskate's Guide to a Better, Earlier, Happier Retirement . Learn why cheapskates rarely suffer from "buyer's remorse," and get tips for how to teach children the advantages of delayed gratific...

Why did Bituach Leumi decide to give Israeli children free money? Douglas Goldstein, CFP®, a licensed investment advisor who helps people meet their savings goals, speaks with Professor John Gal, chair of the Social Welfare Policy program at the Taub Center, about the program to alleviate child poverty. Professor Gal discusses how the program works and whether it will be successful in giving child...

Douglas Goldstein, CFP®, a financial advisor who helps people preserve the real value of their money, questions how safe it is for people to put money in the bank. Professor William Black, Associate Professor of Economics and Law at the University of Missouri-Kansas City and author of The Best Way to Rob a Bank is to Own One: How Corporate Executives and Politicians Looted the S&L Industry , discu...

Many people believe that the typical "white coat investor," i.e. a doctor, surgeon, or dentist, must be wealthy due to the relatively high salary medical professionals earn. Dr. Jim Dahle, author of The White Coat Investor: A Doctor's Guide to Personal Finance , explains why this is not always the case. Many professionals are not financially astute, and they have no idea how to manage their money...

Although budgeting is an important part of personal finance, the real key to building wealth is to make more money. Matthew Paulson, author of The Ten Year Turnaround , discusses why you should think out of the box when deciding on a profession rather doing what seems easiest. Find out how giving charity can change the way you perceive money and help you to earn more. Can international investors o...

Investing wisely is more than just choosing high-yielding investments and optimizing your asset allocation. Dan Solin, New York Times bestselling author of The Smartest Retirement Book You'll Ever Read and columnist in The Huffington Post , shares tips about investing wisely and how to plan your estate so that your spouse is financially safe when you pass away. Avoid Outliving Your Retirement Nest...

Douglas Goldstein, CFP®, a financial advisor who helps Americans living in Israel manage their investments, discusses the benefits and risks of using a credit card with Jason Steele, an expert in the credit card industry. Find out how credit cards really work, and who benefits from your credit card purchases. Can consumers benefit from points and reward schemes without falling into debt? Will the...

Doug meets James Clear, entrepreneur and expert on personal habits. How easy is it to change your behavior to achieve your goals? And how can you improve your financial habits if they are deeply ingrained? Listen to your favorite personal finance show for the answers to these questions and more.