Data-Backed Answers to Personal Finance Controversies Image

Data-Backed Answers to Personal Finance Controversies

21 September 2022 - 46 mins
Podcast Series The Art of Manliness

Dip your toes into the world of personal finance and you can find plenty of questions which are the subject of endless debate. How much of your income should you save? Is it okay to take on debt? Which is better — renting a home or owning one? When it comes to the stock market, should you buy the dip?

On his blog, Of Dollars and Data, my guest cuts through the personal finance noise by finding answers based on numbers rather than conjecture, and then converting this research into advice the average person can understand. His name is Nick Maggiulli, and he's the Chief Operating Officer and Data Scientist at Ritholtz Wealth Management, as well as the author of Just Keep Buying: Proven Ways to...

46 mins

Series Episodes

Tips From a Hostage Negotiator on Handling Difficult Conversations

Tips From a Hostage Negotiator on Handling Difficult Conversations

In resolving hundreds of kidnap-for-ransom cases involving gang leaders, pirates, and extortionists, Scott Walker, a former Scotland Yard detective, has learned a thing or two about how to negotiate and communicate in a crisis. He shares how to apply those lessons to the difficult conversations we all have in our everyday lives in his book Order Out of Chaos: Win Every Negotiation, Thrive in Adversity, and Become a World-Class Communicator, and we talk about his tips on today's show. Scott and I discuss what a "red center" means in a kidnap-for-ransom scenario and how to create one in your personal life, the "immediate action drill" that can help you stay in that red center, the importance of separating the decision-maker from the communicator in a negotiation and having a "battle rhythm," why you don't give hostage takers the money they ask for right away and how to structure a negotiation instead, and more.

47 mins

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Lessons in Action, Agency, and Purpose From Buying a Ghost Town

Lessons in Action, Agency, and Purpose From Buying a Ghost Town

In the 19th century, Cerro Gordo, which sits above Death Valley, was the largest silver mine in America, a place where dreamers came to strike it rich. In the 21st century, Brent Underwood used his life savings to buy what had become an abandoned ghost town, and ended up finding a very different kind of wealth there. Brent has spent four years living in Cerro Gordo and has documented the details of the mines he’s explored, the artifacts he’s found, and how he’s restoring the town on his popular YouTube channel, Ghost Town Living. Now, in a book by the same name, he takes a wider-view lens on his adventures there and shares the big lessons he’s learned from his experiences and from the original residents of Cerro Gordo. We get into some of those lessons on today’s show. We first talk about how and why Brent bought a ghost town as a way of escaping a typical 9-5 life and finding a deeper longer-term purpose. We then discuss what restoring Cerro Gordo has taught him about the necessity of getting started and taking real action, how learning the context of what you do can add greater meaning to it, the importance of understanding the long-term consequences of short-term thinking, the satisfactions that come with being a high-agency person, and more.

45 mins

25 March Finished

Get More Done With the Power of Timeboxing

Get More Done With the Power of Timeboxing

From work to chores to entertaining distractions, there are many options for what you can be doing at any moment in the modern world. We often endlessly toggle between these options and, as a result, feel frazzled and frustratingly unproductive. We feel ever haunted by the question, "What should I be doing right now?" (Or "What am I even doing right now?") My guest will share a simple but effective productivity method that will quash this feeling of overwhelm, answer that question, and help you make much better use of your time. Marc Zao-Sanders is the CEO and co-founder of filtered.com, a learning tech company, and the author of Timeboxing: The Power of Doing One Thing at a Time. In the first half of our conversation, we unpack what timeboxing — which brings your calendar and to-do list together — is all about and its benefits as a time management system, including how it can help you get more done, live with greater intention and freedom, and even create a log of memories. In the second half of our conversation, we get into the practicalities of timeboxing, from how to capture the to-dos that will go on your calendar to how to deal with things that might pull you away from it. We end our conversation with how you can get started with timeboxing right now and have a more focused, productive, and satisfying day tomorrow.

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How to Shift Out of the Midlife Malaise

How to Shift Out of the Midlife Malaise

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52 mins

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The 3 Musical Geniuses Behind the Most Popular Jazz Album of All Time

The 3 Musical Geniuses Behind the Most Popular Jazz Album of All Time

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55 mins

13 March Finished

A Butler's Guide to Managing Your Household

A Butler's Guide to Managing Your Household

It's a tough job to manage a household. Things need to be regularly fixed, maintained, and cleaned. How do you stay on top of these tasks in order to keep your home in tip-top shape? My guest knows his way all around this issue and has some field-tested, insider advice to offer. Charles MacPherson spent two decades as the major-domo or chief butler of a grand household. He's also the founder of North America's only registered school for butlers and household managers and the author of several books drawn from his butlering experience, including The Butler Speaks: A Return to Proper Etiquette, Stylish Entertaining, and the Art of Good Housekeeping. In the first part of our conversation, Charles charts the history of domestic service and describes why the practice of having servants like a butler and maid ebbed in the mid-20th century but has made a comeback today. We then turn to what average folks who don't have a household staff can do to better manage their homes. Charles recommends keeping something called a "butler's book" to stay on top of household schedules and maintenance checklists. We then discuss how to clean your home more logically and efficiently. Charles shares his golden rules of house cleaning, the cleaning task you've probably neglected (hint: go take a look at the side of the door on your dishwasher), his surprising choice for the best product to use to clean your shower, how often you should change your bedsheets, and much more.

49 mins

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