Money Lessons with Andrew Temte, PhD, CFA

In this episode of Money Lessons, Andy explains how the federal income tax is calculated, starting with four definitions every taxpayer needs: taxable income, the tax bracket, the marginal rate, and the effective rate...

In this special edition of Money Lessons, Andy takes the national debt's crossing of forty trillion dollars on August 18 and explains what the number is made of — the debt held by the public, and the money the federal...

In this episode of Money Lessons, Andy reads a pay stub for the lines most people skip past. He sorts every deduction into two types — the ones the law requires and the ones you elected, usually in the paperwork on your...

In this episode of Money Lessons, Andy supplies the vocabulary behind three weeks of teaching on habits, defaults, and friction. Herbert Simon — who was never an economist — challenged his era's assumption that buyers...

In this episode of Money Lessons, Andy turns from the money machinery listeners build themselves to the machinery that gets installed before they arrive. He starts with the default — what happens if you do nothing — and...

In this special edition of Money Lessons, Andy takes on a question that sits underneath most of personal finance: why change is so hard. A complaint about his band's setlist leads to the research on why musical taste is...

In this episode of Money Lessons, Andy opens up the machinery that moves money out of a household without ever passing through a decision. He starts with the narrow definition psychologists use for the word "habit" — a...

In this episode of Money Lessons, Andy turns from the map of your personal economy to the thing that moves money across it — decisions. He explains why good and bad decisions never arrive in the same size, and why one...

In this episode of Money Lessons, Andy launches a brand-new series on personal financial management by drawing the map: the six jobs your money has — earn, spend, borrow, protect, grow, and give. He explains why...

In this episode of Money Lessons, Andy closes the series on equity by turning to the hardest part of owning stocks: holding on. He explains why volatility is the price investors pay for the equity risk premium, and why...

In this episode of Money Lessons, Andy makes the long-run case for owning stocks — why, over a lifetime, equities have rewarded the patient owner. He unpacks the equity risk premium, the extra return stocks have paid...

In this episode of Money Lessons, Andy widens the map beyond American markets to make the case for owning international stocks. He explains home-country bias — the natural pull to invest only in the companies of your...

In this episode of Money Lessons, Andy answers a question he has been holding since last year: if your stock trades are free, how does a broker make its money? He explains payment for order flow — the arrangement where...

In this episode of Money Lessons, Andy explains the exchange-traded fund — the ETF — the vehicle most people now use to own a whole index in a single trade. He traces it back to the first one, State Street's SPDR...

In this episode of Money Lessons, Andy tackles a phrase we lean on without ever defining it: "the market." He explains what a stock market index is, where the Dow, the S&P 500, and the Nasdaq-100 come from, and how each...