The Human Revolution with Dylan Bain

As humans, we need food, security, intimacy, self-esteem, and purpose. But we need money to fulfill these needs. In this episode, Dylan discusses Maslow’s famous hierarchy of needs, how money impacts that hierarchy, and how understanding that hierarchy can help us build better, long-lasting relationships.   Show Highlights [03:46] Why finances are critical to relationships [07:36] What is Maslow’s hierarchy of needs? [08:13] Tiers one and two as the service to self tiers [10:27] Tiers three and four as the service to others tiers [12:12] Tier five as the tier of self-actualization or service to a higher purpose [12:46] The problem with “tier zero” people or the “unaware” [15:16] Why tier zero people struggle to move up the hierarchy [16:45] The challenges that tiers one and two people face when moving up the hierarchy [20:46] Who are the “sensitive seekers”? [21:54] The truth about Maslow’s hierarchy of needs   Links and Resources 🟢 Fiscally Savage → FiscallySavage.com 🟢 Fiscally Savage Tools → FiscallySavage.com/tools 🟢 Instagram → Instagram.com/fiscallysavage 🟢 Facebook → Facebook.com/fiscallysavage 🟢 Twitter → Twitter.com/FiscallySavage

Taxes can be downright bewildering and scary – but that’s exactly what you’re made to feel. In this episode, we continue to embark on an enlightening journey through the world of taxes. This time, we learn about how to avoid them. Yes, avoid. It sounds wrong for most people, but tax avoidance is legal – entirely different from tax evasion. Essentially, you can avoid taxes if you know how to take advantage of the tax code. And for that, there are many steps you can take. For this of course, we also first need to identify the primary question: Do you really have a tax problem, or do you have an income problem? Join us as we demystify the complex through tax education, in this latest episode of Fiscally Savage.   Show Highlights [03:27] Tax avoidance versus tax evasion Avoiding taxes if it's a tax problem [07:13] Standard deduction [09:32] Retirement accounts [11:21] Savings accounts Avoiding taxes if it’s an income problem [16:31] Tax credits [18:44] Tax strategies [20:03] Starting a business   Links and Resources 🟢 401(k) vs. 403(b) vs. IRA: Which Is Better for Retirement → shorturl.at/fEP24 🟢 Fiscally Savage → FiscallySavage.com 🟢 Fiscally Savage Tools → FiscallySavage.com/tools 🟢 Instagram → Instagram.com/fiscallysavage 🟢 Facebook → Facebook.com/fiscallysavage 🟢 Twitter → Twitter.com/FiscallySavage

Welcome to another episode of Fiscally Savage as we talk about the Fed’s latest moves to control inflation in the US economy. It can be challenging to figure out what this actually means, and easy to get lost among the weeds. Everybody online has their own spin on the news - which can make for a confusing picture at a time when you need the facts. What is their game plan in all of this? Is there any truth to the official numbers being released - especially for China’s economy? What does this mean for listeners like you? Join me as I tackle the points that matter in these latest developments, and bring to light the reality behind the economic buzz. Together, we can shed some clarity on what’s going on in these unprecedented times.   Show Highlights [00:42] Why the inflation slowdown isn’t all that great [02:31] Long COVID, retirement, and the Fed [06:22] What does deflation actually look like [07:49] “What happens when I stop spending money?” [10:28] How China might actually have it worse [12:57] Economies of scale make things (almost) cheaper   Links and Resources 🟢 Fiscally Savage → FiscallySavage.com 🟢 Fiscally Savage Tools → FiscallySavage.com/tools 🟢 Instagram → Instagram.com/fiscallysavage 🟢 Facebook → Facebook.com/fiscallysavage 🟢 Twitter → Twitter.com/FiscallySavage  

Taxes can be downright bewildering and scary – but that’s exactly what you’re made to feel. In this episode, we embark on an enlightening journey through the world of taxes. There’s the complexities of federal income taxes, including standard deduction, capital gains, and payroll taxes. On the other side are the state income taxes, including sales and property taxes. Lastly, there’s the age-old question: How important are taxes to us personally? Or more specifically, do we really need to worry as much as we do about it? Join us as we demystify the complex through tax education, in this latest episode of Fiscally Savage.   Show Highlights [02:56] Why are taxes intimidating and confusing? [06:35] Breaking down federal income taxes [08:10] Standard deduction [09:33] Capital gains [12:16] Payroll taxes [15:20] Breaking down state income taxes [20:12] Sales taxes [24:59] Property taxes [27:45] How important are taxes, really?    Links and Resources 🟢 Fiscally Savage → FiscallySavage.com 🟢 Fiscally Savage Tools → FiscallySavage.com/tools 🟢 Instagram → Instagram.com/fiscallysavage 🟢 Facebook → Facebook.com/fiscallysavage 🟢 Twitter → Twitter.com/FiscallySavage

Join us on another episode of Fiscally Savage as we discuss the recent developments surrounding President Biden's student loan forgiveness plan.  What’s the Supreme Court’s role in government, and how did it come into play with their decision to strike out the program? What are the various opinions surrounding the plan, and what are Biden’s next steps? Going beyond the headlines, let’s respond to these recent events and make informed choices. Tune in for an empowering and informative discussion that combines insights on the future of student loans and your personal financial decision-making.   Show Highlights [01:31] The Supreme Court's role in government [02:50] Recent developments on the student loan forgiveness plan [04:39] The major questions doctrine [06:27] The Higher Education Act of 1965 as Plan B [07:55] What's next with student loans? [11:55] "What's in it for me?"   Links and Resources 🟢 The Current State of Student Debt: How Did We Get Here? → shorturl.ac/7aqfm 🟢 Fiscally Savage → FiscallySavage.com 🟢 Fiscally Savage Tools → FiscallySavage.com/tools 🟢 Instagram → Instagram.com/fiscallysavage 🟢 Facebook → Facebook.com/fiscallysavage 🟢 Twitter → Twitter.com/FiscallySavage

In this bonus episode of Fiscally Savage, let us remember what we are celebrating and join me as I read the Declaration of Independence. Happy July fourth!   Show Highlights   [00:33] A reading of the Declaration of Independence   Links and Resources   🟢 Fiscally Savage → FiscallySavage.com 🟢 Fiscally Savage Tools → FiscallySavage.com/tools 🟢 Instagram → Instagram.com/fiscallysavage 🟢 Facebook → Facebook.com/fiscallysavage 🟢 Twitter → Twitter.com/FiscallySavage

In this special July 4th episode of Fiscally Savage, let’s dive deep into our historical roots, as we trace the impact of British colonial rule and the American Revolution on the current United States tax system.   From the origin of “no taxation without representation” to the main issues that fueled the revolution, we explore how hundreds of years worth of historical events shaped the tax policies that persist today.   Join us as we unravel the intricate connections between the past and present, shedding light on the enduring influence of American history on modern-day taxation.   Show Highlights [02:27] The origin of “no taxation without representation” [05:43] Issues that led to the American Revolution [08:00] The byproduct of Enlightenment thinking and coffee importation [09:59] On the state of play post-revolution [12:26] Taxes paid by today’s average American citizen [17:28] The truth behind taxes in California vs Texas   Links and Resources 🟢 Fiscally Savage → FiscallySavage.com 🟢 Fiscally Savage Tools → FiscallySavage.com/tools 🟢 Instagram → Instagram.com/fiscallysavage 🟢 Facebook → Facebook.com/fiscallysavage 🟢 Twitter → Twitter.com/FiscallySavage

In this episode of Fiscally Savage, we delve into supply-side economics — a macroeconomic theory that developed in response to the stagflation of the 1970s. We examine how it provided the foundation for former Pres. Ronald Reagan’s economic policies in the 1980s, the key figures of this school, the major criticisms levelled against it, and more.   Show Highlights   [03:07] Why supply-side economics is also called Reaganomics [06:33] The effects of Pres. Ronald Reagan’s economic policies in the 1980s [16:35] Major thinkers of supply-side economics [19:47] Criticisms of the Laffer Curve [25:08] Other major criticisms of supply-side economics   Links and Resources   🟢 Fiscally Savage → FiscallySavage.com 🟢 Fiscally Savage Tools → FiscallySavage.com/tools 🟢 Instagram → Instagram.com/fiscallysavage 🟢 Facebook → Facebook.com/fiscallysavage 🟢 Twitter → Twitter.com/FiscallySavage

Living paycheck to paycheck might not seem so bad at first. After all, you have your basic needs accounted for, even if there isn’t much left over at the end of every month.   But that’s a position with very little sovereignty, if at all. There’s no way to look ahead because you can’t afford to save money, and there’s no real security with your money today because you’re overly dependent on your job.   The good news is you don’t have to be stuck in that position. In this episode, we’ll go through a list of five things you can do to move forward if you’re living paycheck to paycheck.   Show Highlights   [02:59] The importance of taking a breath [03:44] Why examine your situation if you’re living paycheck to paycheck [05:41] Why you should create a plan for the short- and long-term [16:56] Traps to avoid if you’re living paycheck to paycheck [24:33] The importance of re-examining whose life you’re really living   Links and Resources   🟢 The Plain Bagel (Richard Coffin) on YouTube → YouTube.com/@ThePlainBagel 🟢 Fiscally Savage → FiscallySavage.com 🟢 Fiscally Savage Tools → FiscallySavage.com/tools 🟢 Instagram → Instagram.com/fiscallysavage 🟢 Facebook → Facebook.com/fiscallysavage 🟢 Twitter → Twitter.com/FiscallySavage

This Friday on Fiscally Savage, we discuss the Chicago school of economics — an influential school of thought led by Nobel Laureate Milton Friedman that has left an indelible mark on economic theory and policy across the globe.   How did Friedman and his colleagues differentiate themselves from their contemporaries, like the Austrian economists? And how did their distinctive views on topics such as inflation, monetary policy, and business responsibility shape the world we live in today?   Join me in this episode as I explore the roots of the Chicago school of economics, its defining principles, its influence on economic thought and policy in the United States, and more.   Show Highlights   [01:08] The origin of the Chicago school of economics [02:01] The core principles of the Chicago school of economics [10:02] How the Chicago economists differed from the Austrian economists [12:55] How the Chicago economists differed from the classical economists [15:50] George Stigler and Gary Becker’s ideas that became core to the Chicago school of economics [19:17] Milton Friedman’s ideas in “A Monetary History of the United States” [21:40] The key differences between Friedman's and John Maynard Keynes’ ideas [25:59] The social responsibility of businesses, according to Friedman [28:06] Monetary policy vs. fiscal intervention [32:34] How a negative income tax would work, according to Friedman [35:32] How Friedman viewed inflation   Links and Resources   🟢 Fiscally Savage → FiscallySavage.com 🟢 Fiscally Savage Tools → FiscallySavage.com/tools 🟢 Instagram → Instagram.com/fiscallysavage 🟢 Facebook → Facebook.com/fiscallysavage 🟢 Twitter → Twitter.com/FiscallySavage   Books Mentioned   🟢 An Inquiry into the Nature and Causes of the Wealth of Nations by Adam Smith 🟢 A Monetary History of the United States, 1867-1960 by Milton Friedman and Anna Schwartz