Pot Pros and Cons-Episode 6

Pot investing, smoking, and curing your ills is our third topic today, but my favorite! We also touch on cash alternatives, robo-advisors, and secrets of the most productive people.

Cash Alternatives Are Exploding

Everywhere you turn, there’s a new way to pay. It makes us wonder…..

Is cash on it’s way out?

What about credit cards-are they on the decline as well?

How reliable and consistent are the payment systems today?

We muse over the question, “Will Apple Pay, Venmo, Google Wallet, Paypal, Bitcoin and others be here tomorrow?”

Don’t worry, we didn’t forget about bitcoin! We discuss the bitcoin boom along with the other new payment systems cropping up. Bobby shares his deep dark secrets about Venmo as we riff about which one’s are here to stay.

And the ‘oldish’ Barb marvels at how easy it is to deposit a check with her phone. Get our take on the vicissitudes of mobile pay.

If you’re curious about mobile pay, then you must tune in to this episode of Young and Oldish Money. This is the beginning of a topic that, will not go away.

MSN Money.com by Chris Morris, 9 Reasons You May Never Use Cash Again

Bloomberg.com by Jing Cao, Millenials say “Venmo Me” to Fuel Mobile Payment Surge

What’s up with Robo Advisors?

What do Wealthfront, Personal Capital, Schwab; Intelligent Advisor, SigFig, Betterment, and RebalanceIRA have in common? They all use technology platforms to invest your money. And these are just a taste of the many robo advisors cropping up these days.

This new robo-advisor class of money management uses technology and proprietary algorithms to invest your money. Their claims are that the robo platform takes the ‘guess work’ out of investing and will lead to higher returns.

We unscientifically go through the pros and cons of this new model of money management. Bobby even professes to know who should and shouldn’t use a robo-advisor. What do you think, will a robo advisor make your investing more consistent?

Listen to this episode and find out more about the exciting world of technology assisted investment management.

SFGate.com by Kathleen Pender, Automated Investment Advice-A Growing Trend

Bonus Content: Should I Invest in Pot?>>>

Pot Pros and Cons- Marijuana Is Here to Stay

Ferner and Reilly of the Huffington Post tackle pot in, “Marijuana Industry Sets Its Sights on the Mainstream“.

Who doesn’t like to talk about pot? We start the pot pros and cons conversation today. Is there a decent investment potential in the burgeoning, almost-legal, way to feel good? We cover whether marijuana might benefit your mood, your health and your pocket book.

There’s tremendous controversy regarding the medicinal benefits of marijuana as well. Here in Northern California, it’s easy enough to get a prescription for ‘medical marijuana’, but is pot going to do what it’s supposed to?

Potency issues can make or break the commercial success of marijuana. Do you trust the marijuana shop owner to give you the quality that you’re paying for? This is a problem with the lack of regulation, consistency, and standards.

We cover the marijuana landscape from legal, medical, and other viewpoints. No matter what your thoughts are on the ‘new almost-legal everywhere’ pot, you’ll find something to think about. Get the pros and cons of pot in this first pass at the marijuana, money and health conversation.

Secrets of Productive People

It ‘s common place for the day to finish hours before the to-do list. After all, who doesn’t want to increase their productivity?

Listen and uncover the ‘secrets’ of the uber-productive. Fast Company writer, Samantha Cole tackles “10 Ways to Improve Your Well-Being (and Productivity)”. We shamelessly steal from this article and add a few ideas of our own. Maybe one day, you’ll actually complete your to do list. And with these tips, the day might come sooner rather than later.

We all know it’s a good idea to exercise and maybe even meditate in the morning. But getting more light can actually give your day an energy boost. How easy is that?

Hamdi Ulukaya, the president of Chobani Yogurt sings the praises of nature, as a way to become more productive. This was a great reminder for both of us.

The dreaded to-do list just got a bit easier with the idea that you should tweak the list by actually scheduling the activities into your calendar.

Get ideas to become more productive and have fun too. Learn how to get more out of the limited time we have each day.

(Featured image courtesy of torbenh on Flickr)

The post #6-Pot Pros and Cons, Cash Alternatives, Robo Advisors and Productivity appeared first on Young and Oldish Money.