RA21 - A Really Adult Show

Welcome to the new season of the RA21 podcast where we explore the fascinating world of artificial intelligence (AI). In today's episode, we delve into the history of AI, examining its origins and how it has evolved over time. We then move on to how AI works, including a deep dive into Chatgpt, one of the most widely used AI models today. Ethics in AI is another topic we cover, discussing the potential impact of AI on society and how to ensure it is used responsibly. We also explore how AI affects our work and job prospects, including the limitations of AI in certain contexts and how to stay relevant in a world where AI is becoming increasingly prevalent. Looking to the future, we discuss how the world will change with the rise of AI and how to future-proof yourself. Finally, we explore the impact of AI on investments and what it means for the financial sector. So sit back, relax, and join us as we embark on a journey to understand AI and its implications for our lives.   Timestamp  0:07:22 1. The history of AI  0:19:10 2. How AI/Chatgpt works?  0:28:45 3. Ethics in AI  0:40:24 4. How does AI affect your work and job? The limitations of AI context - how to stay relevant  1:08:38 5. The future of AI: How the world will change and how to future-proof yourself?  1:41:21 6. How does this impact investments?   If you enjoyed this podcast, consider following us here and on YouTube, at https://www.youtube.com/channel/UCeQhdz4jPx1RYHuFzHUkE_Q  We are both on Instagram at  @foodnstonks and  @aarongoesglobal

In this new season of the RA21 podcast, we discuss the important skill of goal setting. Whether it is to get healthier, have a fulfilling career, or have monetary goals, the often talked about New Year Resolutions is something we can all strive to do better in. We go in-depth using a 4-decade-old framework for goal setting that has proven effective in setting goals - and helping you crush them.   If you enjoyed this podcast, consider following us here and on YouTube, at https://www.youtube.com/channel/UCeQhdz4jPx1RYHuFzHUkE_Q If you enjoyed this podcast, consider following us here and on YouTube, at https://www.youtube.com/channel/UCeQhdz4jPx1RYHuFzHUkE_Q  We are both on Instagram at  @foodnstonks and  @aarongoesglobal

In this episode of the RA21 podcast, we discuss upskilling, crypto, and how doing so impacts both personal finance and businesses. What can you do in order to capitalize on opportunities? If you enjoyed this podcast, consider following us here and on YouTube, at https://www.youtube.com/channel/UCeQhdz4jPx1RYHuFzHUkE_Q Timestamp Label 00:00:00 1. What happened in the crypto market, FTX & cold wallets 00:30:26 2. The Rise of WFH - Are we expected to do more post-COVID? 00:50:28 3. Relevance of Degrees - How much do you actually use from what was taught in university? 01:07:05 4. Upskilling during active employment - why did you pursue it? 01:15:49        5. How has upskilling broaden your opportunities? 01:33:28 6. Boomtown Charlie on NFT - the hype and what occured - reflection of emotions 01:39:58 7. Views on post NFT crash - aftermath and what the future holds? 01:46:21         8. What are you focusing on now? 02:05:15 9. Advice to anyone who wants to upskill - where to start/resources 02:18:02 Q&A: Do I skate to where the puck is even though its not my natural advantage or do I find my natural advantage? 02:20:11         Q&A: How do I prioritise what to upskill? 02:26:01 Q&A: How do Igain crypto/web3 skills for relevant jobs? 02:39:51 Q&A: What are some high demand skills that mid life crisis folks can learn to upskill? 02:46:32 Q&A: Should I get a part-time MBA done as I finish my degree? 02:54:23 Q&A: What is Ethereum? How is that different from crypto? 02:58:41 Q&A: When moon? Instagram: @thehiddenwalls @foodnstonks @aarongoesglobal

In this episode of the RA21 podcast, we discuss inflation and its repercussions on both personal finance and businesses. What can you do in order to reframe this as an opportunity?  If you enjoyed this podcast, consider following us here and on YouTube, at https://www.youtube.com/channel/UCeQhdz4jPx1RYHuFzHUkE_Q   We are both on Instagram at  @foodnstonks and  @aarongoesglobal

In this episode of the RA21 podcast, we invite our friends, Azan and Sher, from the Instagram channel, @wearemoneydarlings to address one of the most important aspects of wealth building: relationships. This is perhaps one of the most neglected and underrated aspects of building wealth. This was not an easy episode to film, as we explore relationships in the past, present, and future - on how to best approach them. It is, after all, your biggest adulting decision. Timestamp Labels 0:02:07.07 "1. Apart from yourself, is your partner the most important investment in your life?" 0:09:56.56 2. Why are financial values important in a relationship? 0:17:01.01 3. Why do so many couples have problems discussing finances? 0:26:28.28 4. How to better deal with disagreements in financial goals? 0:35:13.13 5. Scarcity mindsets in relationships - Time & Money 0:46:58.58 6. Differing speeds of progressions in relationships - What to do when one party is suffering in career/finances/external relationships 1:06:33.33 7. Values in raising kids - when does too much or too little money becomes a pain point? 1:15:55.55 8. When all else fails - how to move on? 1:26:33.33 Q&A 1:26:46.46 Q&A: How do you guys make big purchase decisions together? What do you do if you not agree? 1:39:05.05 Q&A: How do you solve issues on couples not being able to talk about finances calmly and openly? 1:46:20.20 Q&A: How do you solve issues on couples not being able to talk about finances calmly and openly? 2:06:51.51 "Q&A: Gold diggers - are they that bad? How to build a relationship even when partner is not well off, when there's a gap of differences in values and drive." 2:27:23.23 Bonus: Relationship rules that Azan and Sher live by. 2:29:50.50 Conclusion If you had enjoyed this podcast, consider following us here and on YouTube, at https://www.youtube.com/channel/UCeQhdz4jPx1RYHuFzHUkE_Q  We are both on Instagram at  @foodnstonks and  @aarongoesglobal @wearemoneydarlings

In this episode of the RA21 podcast, we talk about diversification and how to defeat diworsification. We discuss at length the broad strokes of why most young adults find it incredibly difficult to concentrate efforts - and attack the most overdecorated advice in personal finance - diversifying yourself. We speak in depth on how to best design a portfolio that addresses diversification correctly through time - instead of what everyday pundits refer to as capital. Timestamp Topics  0:00:32 1. Diversification - why mutual funds cannot outperform the S&P500 0:19:06 2. How to diversify - the right way 0:32:57 3. When to concentrate 0:46:37 4. Why concentration is superior 1:03:44 5. Why concentration is detrimental 1:21:17 6. The illusion of being smart 1:32:44 7. Emergency fund - Mr. Murphy 1:46:56 8. Diworsification 1:56:35 Q&A 1:56:47 Q&A: How corporations structure their portfolio to retain wealth 2:02:14 Q&A: Why ARK ETF is the 21st Century Cramer & Co 2:05:35 Q&A:  How to find a suitable index fund for risk-averse investors? 2:09:16 Q&A: Should you diversify under current market conditions? 2:12:48 Q&A: Euro/China/India/Japan/Singapore or world index - which will you choose? 2:17:31 Q&A: Are you into commodities? 2:21:33 Q&A: Will diversifying across different types of assets generate more return than holding just a couple of stocks in the long run? 2:29:38 Q&A:  How can an average joe start besides relying on 1 source of income - how to gather that courage and take the 1st step? 2:36:33 Q&A: Passports & citizenship - diversifying with passports? 2:44:56 Conclusion If you have enjoyed this podcast, consider following us here and on YouTube, at https://www.youtube.com/channel/UCeQhdz4jPx1RYHuFzHUkE_Q  We are both on Instagram at @foodsnstonks and @aarongoesglobal.

In this episode of the RA21 podcast, we talk about abundance and how to defeat scarcity. We discuss at length the broad strokes of why most young adults find it incredibly difficult to look at the world through a lens of abundance - especially through an Asian education upbringing. And we touch on how to best navigate deep-rooted issues and address them. Timestamp Topics 0:02:00 1. Why is having the right mindset so important? 0:07:34 2. Why education has failed us in promoting an abundance mindset? 0:31:56 3. What are the pitfalls of scarcity? 0:56:06 4. How does this affect perspectives in asset classes: Stocks 1:05:08 5. Competition: Comparison of scarcity versus abundance 1:12:01 6. How does this affect perspectives in asset classes: Real Estate & Careers 1:33:42 7. How do you prevent too much optimism? 1:53:55 8. Relationships with people - Scarcity and abundance 2:07:46 9. How to train towards an abundance mindset 2:20:10 Q&A: In an ideal world where people live in abundance - how will the economy look like? 2:25:25 Q&A: How to balance prudency & abundance mindset on our journey to FIRE? 2:32:34 Q&A: Is there a relation between a person's financial status to their mindset? 2:51:51 Conclusion If you have enjoyed this podcast, consider following us here and on YouTube, at https://www.youtube.com/channel/UCeQhdz4jPx1RYHuFzHUkE_Q  We are both on Instagram at @foodsnstonks and @aarongoesglobal.

In this episode of the RA21 podcast, we discuss moonshots and snakeoil. Why are they important? How to differentiate the difference between a scam or a potential 100 bagger? We believe that this is one of the most undercover topics in the realm of investing, and provide some frameworks and discussion on how to best approach them to be a better investor. Time Label 00:01:14 Announcement: Monetization 00:09:31 What are moonshots and snakeoils? 00:19:42 What is the difference between moonshots and snake oil? 00:28:34 How many percent of your portfolio can you allocate to moonshots? 00:43:30 Examples of moonshots that went bust/ snake oil? 01:01:47 Examples of moonshots that went well? 01:24:06 What to do when moonshots moon? 01:28:27 What to do when moonshots dive? 01:35:56 Are moonshots for everyone? 01:50:26 Why are moonshots important despite the risk? 01:57:40 Q&A: How to manage conviction in moonshots? 02:04:51 Q&A: Example of red flags? If you had enjoyed this podcast, consider following us here and on YouTube, at https://www.youtube.com/channel/UCeQhdz4jPx1RYHuFzHUkE_Q  We are both on Instagram at @foodsnstonks and @aarongoesglobal.

In this episode of the podcast, we talk about debt. Considering that debt and liabilities form 50% of our personal balance sheets, this is one of the most underrated and taboo subjects in personal finance - especially in Southeast Asian culture. We address this topic with help from Stephanie (@stephie.kondo) who hails from the real estate sector. A much-needed insightful look considering that real estate can range anywhere between 20-60% of an average person's cash flow - which is often the biggest form of debt we have. Timestamps 00:04:05 Debt - Friend or Foe? Is debt bad? 00:11:47 Why is debt important to your personal finance? 00:29:03 "The kinds of debt - Mark to market, credit cards, interest-free loans, cash flow loans, home loans" 00:45:09 The different types of debt structures - from credit cards to tailor-made collateralized loans 00:56:54 Homes - the role of debt 01:15:26 Debt's impact on asset prices. 01:36:39 How much leverage should you take? 01:54:33 Debt and currency exchange rates - how do currency exchange rates impact your loan size? 02:04:39 Debt and interest rates - How fixed and floating rates impact your structure? 02:20:32 How to make debt work for you? 02:35:36 Creating a good track record to draw down debt 02:37:15 Q&A: Where are we heading to? If debt continues to increase & property prices keep going up 02:48:55 Q&A: How to avoid housing loan debt? 02:59:25 Q&A: Interest rates are going up - take a mortgage loan now or later? 03:06:20 Conclusion If you had enjoyed this podcast, consider following us here and on YouTube, at https://www.youtube.com/channel/UCeQhdz4jPx1RYHuFzHUkE_Q  We are both on Instagram at @booksnstonks and @aarongoesglobal, and do remember to follow our guest, Stephanie; @stephie.kondo on her valuable insights on real estate matters - especially if you are from Kuching

In this episode of the podcast, we talk about careers. A very opportune time to talk about this topic given the changes globally, especially in the region of SEA. We focus on key sectors which are starting to broaden out into the incomes of folks in SEA, and how to best navigate your career in an age of work from home, remote working, and finding your place in the value chain which will uncover the greatest value for yourself and the people you work with. Timestamp 0:02:45 Careers for boomers vs millennials, how is it different and why? Are millennials fucked?" 0:18:37 What does a good career actually look like for most people? How does one find a “suitable” career? Or know exactly what they want in a career? 0:31:29 Does loyalty even matter in the 21st century? Is it really okay to job hop so often? 0:43:25 What to look out for when job hunting? 0:54:24 Salaries and negotiations? Is asking for a raise a taboo? 1:05:51 Ideal personalities and core skills to learn for career progression? 1:22:19 Is it possible to balance your career and your passion? Thoughts on mental health and work-life balance. 1:30:43 Q&A 1:30:55 Q&A:  How do I know if I'm on the right career path? 1:37:19 Q&A:  What to do when people ""taichi"" work to you?" 1:44:55 Q&A: Thoughts on career opportunities for non-IT people in the IT or Web 3.0 industry. 1:53:29 Q&A:  What to do if I have a stable career but have no interest in it? I have no strong interests in anything in particular. 2:03:57 Q&A:  Specialization vs generalization, which is more important? 2:08:20 Q&A:  Self-employed vs employment? 2:12:24 Q&A:  HR red flags when applying for jobs? 2:20:32 Q&A: I enjoy my current job as an engineer, pay is the market average, but may take a while to get a raise, should I switch careers? If you had enjoyed this podcast, consider following us here and on YouTube, at https://www.youtube.com/channel/UCeQhdz4jPx1RYHuFzHUkE_Q We are both on Instagram at @booksnstonks and @aarongoesglobal

In this episode of the RA21 podcast, we talk about the psychological, mental, and degenerate conditions to go "all-in". While we would love to title the episode capital allocation, the issue of the need to have a well-marketed title supersedes the need to be lucid and pin-point. Despite this, we challenge the conventional notion of emergency funds, the mutual fund industry, and debt. An episode that we both wished existed before we started our investment journeys. Sit back and enjoy! Timestamps: 00:01:15 What is "all-in"? 00:04:20 What is the difference between all-in and holding cash? 00:16:27 What is a good capital allocation when going all-in? 00:27:15 Are emergency funds important? 00:36:06 Is waiting for a crash the right move? 00:45:51 How to deal with FUD when going all-in? 00:54:42 What else can you do during downturns with an all-in portfolio? 00:58:49 Managing debt when going all-in 01:06:07 What to consistently look out for and when to reassess your investments when going all-in 01:10:06 Q&A 01:10:14 Q&A: How to obtain alpha in investments in China? 01:15:19 Q&A: How do you decide the portfolio allocation percentage in terms of geography, industry, and asset classes? 01:19:30 Q&A: Advice for a total newbie in investing, in their 30's" 01:26:07 Q&A: How does one quantify property that is still under the mortgage as part of a portfolio in percentage terms? 01:28:44 Q&A: Why did you go all-in? 01:35:19 Q&A: Were there any changes in your psychological or mental state after going all-in? Or how your viewed your investments changed? 01:40:59 Q&A: How did you find the courage to go all-in? 01:47:06 Summary If you had enjoyed this podcast, consider following us here and on YouTube, at https://www.youtube.com/channel/UCeQhdz4jPx1RYHuFzHUkE_Q We are both on Instagram at @booksnstonks and @aarongoesglobal

In this episode of the RA21 podcast, we discuss cryptocurrency. The fundamentals, FUDs and Q&A from our listeners and followers on our social following. Perhaps a very overdue topic due to the fact that we rarely have an ASEAN voice in crypto podcasting. We aimed to ensure that this episode was THE episode to listen to for any beginners to crypto in the ASEAN part of the world - where very sound and reasoned long-form content is scarce. Timestamps: 0:01:25 What are cryptocurrencies? 0:05:32 What problem does crypto solve? 0:13:33 Why does cryptocurrencies change things? 0:34:22 BTC vs ETH 0:44:16 DeFi, NFTs, the Metaverse & DAOs 0:52:53 Addressing FUDs 0:53:50 FUD: Mining 0:58:32 FUD: Hacks 1:03:28 FUD: Money Laundering 1:07:17 FUD: USDT 1:10:06 Are we early? 1:16:49 Q & A: How do you value BTC? -Aaron 1:18:57 Q & A: How to calculate the real value of BTC? - Ryan 1:24:06 Q & A: Effect of war on cryptocurrencies 1:28:52 Q & A: Where to start learning crypto? 1:30:30 Q & A: Crypto figures/though leaders you reference 1:34:25 Q & A: When back to the moon? 1:36:46 Q & A: Will legacy institutions open up to retail investors? 1:38:39 Q & A: Is there any point to diversify away from BTC and ETH? 1:45:04 Q & A: Portfolio allocation into cryptocurrencies? 1:45:30 Q & A: Cryptocurrency taxations 1:48:14 Q & A: Volatility 1:53:27 Q & A: Why are goverments racing to have their own CBDC? 2:01:21 Conclusion If you had enjoyed this podcast, consider following us here and on YouTube at https://www.youtube.com/channel/UCeQhdz4jPx1RYHuFzHUkE_Q We are both on Instagram at @booksnstonks and @aarongoesglobal

"S&P500 closes worst month since November 2021." I just made that headline up. In today's episode, we talk about how to navigate the never-ending eyeball-catching headlines that scream, shout and hurl nonsensical words that have zero impact on investments. And just how you can deal with it objectively. Andrew and Nico joins us as our special guests, from their Instagram handle, @Ringgit2dollar_ If you had enjoyed this podcast, consider following us here and on YouTube at https://www.youtube.com/channel/UCeQhdz4jPx1RYHuFzHUkE_Q We are both on Instagram at @booksnstonks and @aarongoesglobal

This episode centralizes around the book by Saifedean Ammous, "The Fiat Standard" where he describes how the rules of the game have changed since we switched from the gold standard into a fiat one. We both explore the ramifications of this change in our own local economies and the repercussions it has on personal finance and day-to-day living in Malaysia and Singapore. If you had enjoyed this podcast, consider following us here and on YouTube at  https://www.youtube.com/channel/UCeQhdz4jPx1RYHuFzHUkE_Q We are both on Instagram at @booksnstonks and @aarongoesglobal