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 it to change moving forward. Aaron argues that rewarding productivity and stability will be mutually beneficial to both employers and employees, rather than trying to extract all excess value. We'll see who's right in 40 years.

Episode References
MMS #141. The Unrealized Gains Loophole
MMS #132. Why would you ever want to be a W-2 employee anymore?
MMS #98. Why do the rich keep getting richer? The shocking truth behind the Pandora Papers.
MMS #86. How does your True Tax Rate compare with the wealthiest Americans?
MMS #37. How to get rich and never pay a dollar in taxes.
Federal Reserve Board: Survey of Consumer Finances
Distribution of Wealth in the US
EPI: Retirement in America
Household Wealth Trends
Government Revenue
Census
S&P 500 vs CPI

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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

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, and Trishul and Aaron try to address each point.

Episode References
Forbes: Unrealized Gains Tax is "Capital Punishment"
MMS #86: Tax Rates
MMS #70: State Taxes
MMS #27: UBI
MMS #37: Never Pay Taxes
MMS #38: U.S. Taxes
ProPublica: America's Highest Incomes and Taxes Revealed
Lamar Hunt's Estate

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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

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 or the behavior and discipline of individuals?

Episode References
MMS #31: Is Real Estate just a real pain? Or are the psychological benefits worth the costs?
MMS #139. Rent-Seeking Exposed: Hidden Costs of Modern Life
US Population over time
Chloe Moore: Renting vs Buying

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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

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. government has incentivized individuals at the expense of society as a whole.

Episode References
MMS #26. Practical advice on navigating a dysfunctional healthcare system.
MMS #85: Real Estate
MMS #28: Education
Rent-seeking
Reuters: Record Home Prices
Population Demographics
MLS Lawsuit
Japan Housing Prices
Price Elasticity
Cartel
South Korea Population Decline

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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

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 interest, but if you are open and transparent about incentives, you can start down the path of trying to do better.

Episode References
Non-Traded REIT
Blue Vault Report
Investing Forever - Follow the Money
Fee-Only Network: Trishul Patel
Fee-Only Netowrk: Aaron Agte
NAPFA:
NAPFA: Aaron Agte
XYPN: Aaron Agte
XYPN: Trishul Patel
Investing Forever - Three Key Benefits

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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

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 immediately assume the video has some ulterior motive.

Episode References
MMS #3: Does money buy happiness?
Trishul Patel - CRD
Investing Forever Advisory - CRD
Aaron Agte - CRD
Graystone Advisor, LLC - CRD
BrokerCheck - FINRA

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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

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 in America? If 80% of society is unemployed, how do individuals and society thrive?

Episode References
David Shapiro YouTube
MMS #135. Aaron and Trishul discover the meaning of life.
MMS #131. We don't need no education.
MMS #121. The robots are here! Now what?
MMS #122. The robots are here! Seriously, now what!?
MMS #123. I, for one, welcome our new AI robot overlords.
MMS #126. The robots are here! Are humans finished?
MMS #27. Can a Universal Basic Income really pay for itself?
Ikigai
Perplexity
Self-Determination Theory
Living Deliberately

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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.

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, where activities fulfilled both basic and self-fulfillment needs, with a future where self-esteem must be cultivated separately from safety and security. With all needs provided for, the quest becomes: How do we discover our purpose? And crucially, how do we impart this quest for purpose to the next generation?

Episode References
MMS #3: Does money buy happiness?
What is the Rabbit?
Maslow's Hierarchy of Needs
Tesla Robot Folding Shirt

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 Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.