Goldstein On Gelt

In today’s show, Doug answers a commonly asked question: Should people entering a second marriage combine their assets? Doug explains the pros and cons of setting up joint accounts with a new spouse, and lists five important factors to consider when making this decision: Prenuptial agreements Financial privacy (separate doesn’t mean hidden) Compromise Account beneficiaries Finding a happy medium   For more information on this subject, read the following: http://finance.yahoo.com/news/5-mistakes-people-make-when-they-remarry-152317027.html http://www.thefinancegirl.com/how-to-combine-your-finances/   If basic money management skills are so obvious, why are so many people unaware of them? Cary Siegel, author of Why Didn’t They Teach Me This in School?-99 Personal Money Management Principles to Live By, teaches the vital personal finance lessons that we never learn in school. Find out the top 3 things that everyone should do to be financially responsible: Live below your means Keep a written budget Save half

On today’s show, Doug explains an important fact that everyone who has an IRA should know about bequeathing it to the next generation. Find out what a "stretch IRA" is and how it can save taxes for many generations!   For a clear definition of a stretch IRA, see: http://www.investopedia.com/terms/s/stretch-ira.asp   Today, we meet programmer Jeff Kaufman. Jeff and his wife Julia are an amazing example of how regular people can have a huge impact on the world. Jeff explains how he and Julia donate half of their income to charity. How does their generosity affect their lifestyle? Is it possible to save and plan for retirement if you donate a lot of your resources to charity?   Follow Jeff and Julia’s work at Julia’s blog: www.givinggladly.com

True story: someone had an IRA with a big U.S. brokerage firm, but he lived overseas. Recently, the firm told him that they would stop servicing his account and that he had to transfer his assets out. What should he do? What is the easiest way to transfer an IRA from one brokerage firm to the next? In today's episode of The Goldstein On Gelt Show, Doug explains what you should do if this happens to you. Doug also explains why you should care if your money guy is a "financial advisor" or a "money manager."   In today’s interview, Professor Tomas Lindahl, this year’s Nobel Prize in Chemistry, talks about his research with DNA and the human genome. Dr. Lindahl shares insights about the vulnerability of your DNA… and how it might be possible to fix it. Is a cure for cancer on the horizon? Discover why medical research is one of the most important investments there is.

Today, Doug returns to the theme of the habits of wealthy people. Adopt these habits of financially successful people  for yourself:   Pay your bills as soon as you get them Read personal finance books. Start by saving – pay yourself first. Set limits on purchases   Today’s interview explores how adding the human touch and a little fun to government policy and individual investing produces results. Dr. David Halpern, creator of the British government’s “Nudge Unit” explains how governments can use behavior finance research to dramatically influence the way people act. Can you apply these same tools to make yourself a better investor, saver, and philanthropist?   Follow Dr. Halpern and his work at: http://www.behaviouralinsights.co.uk/

On today’s show, Doug talks about good financial habits. The habits of wealthy and successful people include: Automate savings Control impulse spending Track expenses Take advantage of tax-deferred growth and compound interest Maintain an emergency fund Eliminate and avoid debt   When you set up good habits, use the sequence of the three Ts: Target, Trigger, Treat.   Today’s guest takes the theme of good financial habits a little further. Dr. Ben Tiggelaar, author of Dream, Dare, Do, talks about effective self-management and how to improve the way you manage your finances. Do your emotions affect the way you behave?  This interview has great tips on how to develop good financial habits and stick to them.   Follow Dr. Tiggelaar’s work on: www.Tiggelaar.com  

What should you do if your U.S. brokerage firm tells you that they don’t want you as a client anymore? Doug explains why this might happen, and why you should see this as an opportunity instead of a problem.  He also directs you to his popular 10-minute video, "U.S. Brokerage Accounts for Non U.S. Residents," which thousands of people have watched. Watch it here: http://profile-financial.com/videos/us-brokerage-accounts   In today’s interview, Robert K. Weiss, vice chairman and president of XPRIZE, discusses how incentive prizes boost investment and why they can be used instead of grants to boost research. How was the XPRIZE launched? Is research into space travel a good investment? What is Israel’s connection with the XPRIZE? Follow Robert K. Weiss and the XPRIZE at: www.XPRIZE.org

Today, investing and banking are processed electronically. What really happens to your money when you invest? Doug answers this question by revealing the differences between banks and brokerage firms and how each one uses and views your money.     In today’s interview, Milton Kotler, president of the Kotler marketing group and co-author of Winning Global Markets: How Businesses Invest and Prosper in the World’s High Growth Cities, talks about his company and why he decided to invest in China. Why did Kotler invest in China? How much of China’s economy is government controlled? Why does Milton believe that global growth is measured by city by city rather than country by country? Book: “Broken Abacus” by Daniel Rosen Book: “Winning Global Markets” by Milton Kotler www.kotlermarketing.com

Professor Irwin Horwitz of Texas A&M University returns to The Goldstein on Gelt Show to share his thoughts on the American education system. How will the decline in standards ultimately affect the economy? Are we focusing on the right things in education? Why is it important to stand up for your beliefs and how can you do so in a hostile environment? Doug spoke about: How to get things done Clear your mind How to become better investor Budget, Pay your bills as soon as get them, create a filling system, cleanup your debts, shred documents you don’t need anymore. Identity Thefts

Andy Andrews, best-selling author of The Butterfly Effect and The Traveler’s Gift, returns to the Goldstein On Gelt Show to discuss: What should you do when you think you have run out of ideas or solutions? How reading biographies and autobiographies can turn your own life around What is the Butterfly Effect, and how does it help you to become a successful parent? Visit Andy’s website, www.AndyAndrews.com to access his free four-part video series on parenting. You can also follow him on Facebook at Andy Andrews and Twitter - @AndyAndrews

Rex Sinquefield explains how and why he developed this investment tool. He also shares his thoughts on the importance of learning chess and why philanthropy is an integral part of personal finance.   What are index funds? How should people invest their money for the long term? Why should schools teach chess? What is the best way to give charity? The Show-Me Institute RexSinquefield.com

Ami Gal, co-founder and CEO of SQream Technologies, discusses how his company’s technology analyzes data quickly and efficiently. Why is quality analysis critical for achieving good results? What data analysis models used in personal finance? Why do Israeli companies have the edge in creating useful high-tech tools?   Follow Ami Gal and SQream at: www.SQream.com

Lisa Daftari, investigative journalist and expert on the Middle East and counterterrorism, discusses the U.S-Iran deal. Why are many people, including some of the Arab world, against the deal? Why is the West negotiating with the current Iranian regime when several American hostages are being held in Iran? What are the financial ramifications of the deal?   Follow Lisa Daftari on: http://www.lisadaftari.com/

Professor Dani Bercovich, head of the MSc program on biotechnology at Tel Chai College and scientific director of Galil Genetic Analysis, discusses new genetic tests that can assess your genetic risk of developing cancer. Find out if you should be tested, why it is important to know, and what can be done to lower the risks if a predisposition exists in your family.   Which forms of cancer are covered by the tests? Does the government fund the testing? How does knowing possible medical risks affect financial planning?     Follow Professor Bercovich and his work at: http://www.gga.org.il/

Dr. Nicole Lipkin, business psychologist and bestselling author of What Keeps Leaders Up at Night, talks about the human psyche and how it can either work for you or against you. While the brain is a powerful instrument, beliefs and desires affect the way you process information. How does this impact the way you invest and make decisions? Why do “good” bosses sometimes turn “bad”? Why are some people “too busy to win,” and how can you prevent overload in your life? Follow Dr. Lipkin and her work at: www.equilibrialeadership.com On Twitter at: @DrNicoleLipkin   and on LinkedIn

Michel Koopman, chief executive officer at getAbstract Inc., talks about his company. Discover how reading book abstracts helps people gain the information they need to be more successful in business.   Discover the difference between reading a book abstract and reading the entire book? Hint… it’s not just a difference in time.   Follow Michel and his work at: http://www.getabstract.com/en/   and on Twitter: @mkoopi

Professor Dirk Philipsen of Duke University, author of The Little Big Number: How GDP came to rule the world and what to do about it, discusses how GDP became a universally used indicator of economic performance. •        What is the “GDP,” and what is its significance to the economy? •        How efficient is GDP as a measure of economic growth? •        Is there a better, more objective tool for assessing prosperity?   Follow Professor Philipsen’s work on: http://www.dirkphilipsen.com/

try this a different way

Democratic presidential candidate Doug Shreffler talks about his campaign, which follows the motto “as good as it gets.” What are the main issues that he would deal with, if elected, and what are his reasons for running for president? -How would Doug Shreffler deal with the U.S. National Debt? - What are his plans for overhauling the Social Security system? - What are his views on the Iran Deal?   Follow Doug Shreffler at:   http://www.dougshrefflerthenextpresident.com/

Sarah Steelman, professor in the Economics Department of the Missouri University of Science and Technology and a former State Treasurer of Missouri, battled to introduce state legislation preventing Missouri from investing tax payers’ dollars in companies who work with countries sponsoring terror. Find out how the new Iranian deal affects anti-terrorist legislation, which has been adopted by a number of U.S. states.  Listen to a discussion of the effects of the Iran nuclear deal on U.S. state law: ·         Can the U.S. federal government force individual states to change their legislation to comply with the Iranian Deal? ·         If Iran breaks the agreement, can sanctions be re-imposed? ·         Does the Iran deal mean that U.S. tax dollars can be used to sponsor international terrorism?   Contact Sarah Steelman at: steelmans@mst.edu