NGPF Podcast: Tim Talks to Author and Blogger Jonathan Clements
Jonathan Clements is no stranger to the NGPF podcast (here and here), and he’s back to introduce his newest book, From Here to Financial Happiness: Enrich Your Life in Just 77 Days. This book elicits active participation from the reader from day one of their financial journey until the last. Readers will answer 31 questions in their quest for financial happiness including such toughies as...
- If money were no object, what would you change about your life AND
- When was the last time you talked honestly about your finances with somebody?
In addition, I turn the tables on Jonathan and ask him about his three best money decisions and three biggest financial mistakes. He ends on a high note that college students carrying debt should certainly take note of. Enjoy!
- 0:00–1:10 Introduction
- 1:11–6:17 Jonathan’s scoop on From Here to Financial Happiness
- 6:18–8:11 The fundamental importance of compounding interest
- 8:12–10:11 Meeting the magical “tipping point” after a tough dozen years
- 10:12–13:45 “Hyperbolic discounting” and bringing retirement to life
- 13:46–14:55 How the book is more of a conversation with the author and with yourself
- 14:56–17:03 What are the most difficult questions readers have to answer?
- 17:04–18:53 Jonathan’s favorite pithy comments
- 18:54–21:16 Most annuities are sold, not bought
- 21:17–21:51 A word from NGPF
- 21:52–25:26 Why experiences greatly outweigh possessions
- 25:27–32:36 His 3 best and worst financial decisions
- 32:37–36:03 Human capital, the key concept to investing
- 36:04–37:09 Conclusion
- “The meek may not inherit the earth, but they are far more likely to retire in comfort”
- “I have a lot of scorn for overly complicated and overly expensive financial products that get cooked up on Wall Street… So I say, ‘In the financial world, complexity may suggest sophistication, but it’s usually a rouse to bamboozle and fleece investors.'”