Wednesday, September 21, 2022

From the Purusharthas to Financial Security-Talk outline

Part I:
  • Disclaimer
  • FIRE, Fat FIRE (better lifestyle), Lean FIRE (Frugal), Coast FIRE (continue working), Barista FIRE (low-stress low-income job)
  • Basic Security
    • No High-interest debt
    • 1 year emergency fund
  • Lend
    • How Banks make money
    • Lock-up money
      • Savings/Money Market
      • CD laddering
      • Brokered CDs
    •  Bonds
      • I-Bonds
      • Bonds vs Bond mutual funds
        • Expenses & load
        • Govt vs Corporate, duration, tax-free (CA municipal vs US govt), US vs international vs emerging, hedged vs unhedged.
    • P2P: Prosper. (LendingClub shut down).
    • Real-Estate hard loans for accredited investors. Flippers open new biz for every flip, OPM.
  • Invest
    • Stock
    • Long vs Short
    • Derivatives
    • Hedging
    • Mutual Funds: Open vs Closed, Active vs Passive Index, Stock vs Bond vs Balanced, US vs International vs Emerging Markets vs World
    • Diversify: Total World Stock, Target Retirement Funds. Investment theory: stocks over long term. Exceptions like Japan.
  • Employee Plans
    • ESPP
    • ESOP in a startup: 83b early exercise option
    • RSUs
    • 401k, Roth 401k: early withdrawal penalty
    • Rollover IRA: Direct rollover & indirect rollover
  • Defer taxes
    • IRA, Roth IRA, 10% penalty
    • 529
  • Credit card rewards
    • Cash back: flat-rate vs rotating rewards
    • Points
    • Benefits like trip insurance, rental car
    • Paid vs free (primary rental car insurance)
    • Extended Warranty
  • Business
    • Expenses after tax vs biz expenses before tax
  • Will vs Trusts (Probate doesn't include liabilities, but increases administration work)
  • Annuities
  • Life Insurance
    • Returns (eg: term life, permanent life[whole, variable universal, universal])


Part II:
  • Is it ok to make money?
  • Asceticism vs money/power/fame/social status.
  • Purusharthas
  • Artha
  • Artha Shastra
    • Vidura Neeti: 5 strengths
      • Physical
      • Good advice
      • wealth
      • family, lineage & social capital
      • intellect
    • Saraswati, Lakshmi, Shakti worship
  • Asceticism
    • Drithirashtra's envoy to Yudhishtira & Yudhishtira's response
    • Types of asceticism
      • Uncha Vriddi: Thyagarajar
      • Staying home: Muthuswami Dikshitar
      • Pattinathar & Pathragiriyar
  • Charity
    • Daily practice: Some food. Tirumoolar's Tirumanthram.
    • Trigunas
      • Nine types: Padma Purana
    • Charity to the undeserving.
    • Deham vs money.

No comments: