The Fundamentals of Money Management

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Money is a wonderful invention. But as you point out, you do have to know something of the fundamentals,. and that's what i try to address in the book. In other words, they're getting paid whether you make money or lose money. Do you want to pay moran fees when you can be keeping all those fees for yourself and doing just as well, if not better, by managing your money yourself? You might as well have paid more than retail, because youd get pay it coming or going.

In this special episode of the show Shermer and Green discuss one of the most important and yet poorly understood concepts in modern society: money and why it matters. They discuss: the origins of money, and how to make it work for you, how the stock market works, the power of compound interest, the secrets of millionaires, the difference between a IRA, 401(k), and a Roth IRA, hedge-fund managers and investment advisors, the relationship between risk and reward, the relationship between saving and spending, the problem with free market capitalism, money, happiness, and meaning, and the role of luck and contingency in how lives turn out.