Podcasts That Will Make You Smarter with Money

Podcasts are a great way to take advantage of the time you have during long commutes, chores, or even workouts. There are podcasts available for every interest, and it can be overwhelming to choose from the seemingly unlimited options. If you’re looking to learn more about managing your money, the following podcasts are a great place to start!

 

So Money features Farnoosh Torbai, a leading personal finance authority for young adults. Her podcast features interviews with top entrepreneurs, authors, and influencers. So Money has won a variety of awards from sources such as Entrepreneur Magazine and Inc. Magazine.

 

For those interested in additional income streams through side businesses, The Side Hustle Show is a great choice. The Side Hustle Show offers ideas and strategies from successful entrepreneurs, and will help you to take your side business to the next level.

 

Smart Passive Income is another podcast aimed at helping you earn more passive income through a hands-off business. The podcast is produced by entrepreneur Pat Flynn, and will walk you through setting up your own source of passive income.

 

Radical Personal Finance is led by Joshua Sheats, an experienced professional financial advisor. He uses storytelling and interviews to create an engaging podcast that will help lead you toward financial freedom.

 

Paula Pant, a real estate investor and blogger, shares her wisdom in her podcast Afford Anything. Her philosophy is rooted in the idea that you can “afford anything, but not everything”. She discusses how to make smarter decisions about your time and money, and how you can use your daily habits to create the lifestyle you want.

 

Money for the Rest of Us, by financial expert David Stein, helps listeners learn how to take control of their financial decisions and save for retirement through lessons on wealth building and investing.

 

Stacking Benjamins seeks to make finance more approachable and entertaining. The tone is light and friendly, and features a wide variety of interesting characters. It’s no wonder the show has won so many awards!

 

If you’re looking for a tried and true podcast, The Tim Ferriss Show has over 3,000 five star reviews and over 200 million downloads! It’s also been ranked the #1 business podcast on Apple Podcasts. The podcast covers more than just finance, but you can pick out the financial episodes if that’s all that you’re interested in.
These podcasts will help you learn more about money in a way that’s both entertaining and informative, whether you’re a finance professional, entrepreneur, or just someone looking to take control of your personal finances.

This post was originally published on Etienne Kiss-Borlase’s Finance Blog. For more info about Etienne, please visit his homepage.

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Podcasts That Will Make You Smarter with Money

How to Choose the Right Auction House for Your Art

The high end art market is dominated by three main auction houses, Sotheby’s, Christie’s, and Phillips de Pury & Luxembourg. These three powerhouses have existed for centuries. When choosing an auction house from these three for your art, it’s important to take a variety of factors into consideration.

Guarantees

Obviously money is an important factor in selling your art. Many auction houses’ success has stemmed from their guarantees, which ensure that the seller receives the amount of money they expect for their art regardless of how much it is is sold for at the auction.

Guarantees, however, can lead to conflict, especially when the top three high end auction houses are trying to work with a limited number of the same collectors. Remember that money is not normally the deciding factor when collectors are choosing an auction house. Clients often place more importance on personal relationships and the auction house’s past record.

Relationships

Personal relationships are one of the most important factors in choosing an art auction house. These days, clients have a lot to be worried about: dips in the economy, terrorist attacks, and talk of price fixing. They’re looking for an art auction house that is reassuring, personal, and professional. In a consignment based industry such as art auctions, networking and word of mouth referrals are extremely important. Each of the auction houses have different connections with sellers, clients, and fields.

Field Speciality

Each of the three high end houses have unique specialties. Sotheby’s is known for their expertise in American furniture and photography, while Christie’s specializes in European furniture, as well as books and manuscripts. While to an extent Phillips is still establishing its business, the auction house seems to be focusing on Impressionist, Modern, and contemporary art. Phillips now also includes one of the top automobile auctioneers, Bonham & Brooks. The best auction house will have a specialty that matches your art.

Track Record

Past performance is another important factor to take into consideration when selecting an art auction house. Christie’s is one of the world’s top art auction houses. In 2000 they had $2.3 billion in sales! Sotheby’s, on the other hand, has won 20 of the top 25 single-owner sales. These included the estate sales of Jacqueline Kennedy Onassis and the Duke and Duchess of Windsor. It’s important to choose an art auction house with a track record that matches your goals.

When selecting one of the top three high-end auction houses, you need to consider their financial guarantees, the relationships you’ll be able to build, their field speciality, and past track record.

 

This post was originally published on Etienne Kiss-Borlase’s Art-In-Trust website. For more info about Etienne, please visit his homepage.

How to Choose the Right Auction House for Your Art

Inside the AI-Created Piece of Art

The day has come where Artificial Intelligence is now creating works of art. Many of us never thought we would see the day, and for many more of us, the thought that this day might come never even occurred to us. But, “robots” are creating art – and the first piece has sold for $432,500.

The high price tag was unexpected, as officials predicted it to go for anywhere between $7,000 and $10,000. That is the beauty of auctions such as Christie’s, the art house in NYC where this was sold. Christie’s wonders if AI art creation is the next big medium for the world stage.

The AI system that created this artwork, which is titled “Portrait of Edmond Belamy,” was constructed with a learning algorithm; both the AI system and the algorithm were designed by an art collective in Paris called Obvious.

There are similarities to this painting that compare to those famous ones through history. Many believe the subject matter, Edmond Belamy, is a man of the church due to his white collar and dark clothes. The man looks toward the painter in an austere manner with a fixed but abstract background. Conversely, the face is less defined than those in many paintings which it would be compared to. Christie’s offers this difference, along with the empty areas of the background.

The painting was described by Richard Lloyd, sale organizer at Christie’s, as not being much different from those that they have been selling for hundreds of years.
The process, on the other hand, was vastly different than any other painting that has been through Christie’s. Obvious, the art collective, put a total of 15,000 portraits from between the 14th and 20th centuries into the Artificial Intelligence learning system, then activated the “Generator” to create a new image. After the “Generator,” the next step is the “Discriminator,” which works to find the differences between the original portraits and those generated. The goal is, essentially, to fool the discriminator.

Obvious has experienced with AI-created art in many subjects, from portraits and life scenes to nature, but have found their best results with traditional style portraits.

While this may open up questions about who the official artist is to receive credit, Obvious chose to “sign” the painting at the bottom, not with a name, but with a part of the algorithm they created.

This post was originally published on Etienne Kiss-Borlase’s Art-In-Trust website. For more info about Etienne, please visit his homepage.

Inside the AI-Created Piece of Art

Online Sources to Improve Your Financial Literacy

Expensive college classes and spending hours studying is no longer required if you want to improve your financial literacy. Thanks to the information era, people today are taking control of their financial lives by using online sources that provide free education and training. If you want to improve your financial literacy, here are some reputable sites you can visit.

MyMoney.Gov
Started by the Federal Financial Literacy and Education Commission, this website is ideal for people who want to spend less and save more. The site includes budgeting worksheets and quizzes on money topics such as borrowing and earning interest. There is no cost to users.

Investopedia
This financial website offers an abundance of information on all things related to money. From learning common money terms to complex investing, Investopedia covers every aspect of finance. If you find yourself struggling with financial jargon or you want to learn more about personal finance, Investopedia is the online encyclopedia for finance and money.

Khan Academy
Some educators refer to this online source as a revolution in the way people learn about finance. Rather than trying to navigate financial markets aimlessly, a former hedge fund manager named Salman Khan decided to offer free education to anyone who wanted to learn more about finance. The Khan Academy provides an extensive curriculum for those who want to learn as much as they can about finance, and it is entirely free.

MarketWatch
If you want to stay on top of financial markets in the U.S. and abroad, MarketWatch is a great choice. Created by the Wall Street Journal, MarketWatch delivers real-time stock quotes and the latest news from the world of finance. You can monitor the major exchanges and build a portfolio of stocks that you would like to track. The site also offers tutorials and articles on investing and trading.

Business Insider
If you want to learn more about a wide range of financial topics, then Business Insider is a site you should visit. From small business news and education to finance and economics, this site delivers a plethora of information for both beginners and experts alike. Business Insider tries to present content that is easily digestible making it a goldmine for those who want to learn more finance and business. The site also delivers legitimate news stories on all things related to finance.

This post was originally published on Etienne Kiss-Borlase’s Finance Blog. For more info about Etienne, please visit his homepage.

Online Sources to Improve Your Financial Literacy

How to Start an Art Collection for Beginners

No matter what your age is, if you have always admired art and have wanted to have your own art collection to view, appreciate, and enhance your home, following are some suggestions as to how you can slowly begin this exciting and unique hobby/investment:

 

Research Before Buying

 

Have the fun of getting to know what type of art and which artists really appeal to you. You can do a lot of that online at your leisure, but it is even more enjoyable if you are able to go to art galleries, openings, exhibitions, and art fairs to get a major feel for what will really “turn you on.”

 

Find out about the artists, their various works, what their styles are, the galleries where they have been featured and shows they have been in, their previous sales, and as much information as you can put together.

 

A great many artists will also sell their art for extremely reasonable prices on their own websites or on Instagram because they don’t have to pay all the extra costs involved in commissions when represented by galleries. You can also save money by going to auctions during the off-season.

 

Making Purchases

 

Once you have looked at length, realize what your particular tastes are, and you suddenly see something that jumps out at you and is within your budget, go ahead and make the purchase. You will stretch your dollars if you consider an emerging artist that is new with his or her career but is being successful at making sales as compared to a popular and established artist.

 

Consider Prints or Multiples

 

If you just “have” to own a certain piece of art or photographs offered by a particular artist but just cannot afford an original, there are often prints available at a much lower price. For example, check out benefit auctions where the proceeds will go to a specific charity that you are happy to help sponsor.

 

What is Editioned Work?

 

That means that a set number of the prints or photographs has been designated, and once that number has been sold, no more can be purchased. In addition to your knowledge that you have something unique, there is a better chance of the piece increasing in value over time because of being a limited edition.

 

For Pleasure or as an Investment

 

Whichever way you decide to dedicate your art collection, the main idea is to have something delightful to look at and which will add to your decor. ENJOY!

 

This post was originally published on Etienne Kiss-Borlase’s Art-In-Trust website. For more info about Etienne, please visit his homepage.

How to Start an Art Collection for Beginners

Five Best Books to Better Understand Finance

For anyone looking for finance books, these top five books will offer them a better understanding of finance. They will provide them with a wealth of knowledge that they need to manage their finances better.

 

A Random Walk Down Wall Street

The author of the book is an economist from Princeton named Burton Malkiel. The book was initially published in 1973, and it offers advice to readers regarding some investments. Whether one is starting their profession in finance or is an established finance professional intending to broaden their investment profile, the book is an excellent market fundamental source.

 

Common Sense of Mutual Funds

This book is a guide written for investors in mutual funds. It was written in 1999 by John Bogle, the Vanguard Group founder. He argues the case for the index-based-investing value. If one is looking for common-sense financial advice, this is the book for them. He notes that the less amount of money one pays a person to manage their money, the more money they have for investing.

 

The Intelligent Investor

The book was initially published in 1949, and its author is Benjamin Graham. The book has been updated multiple times including recently by Jason Zweig, a financial writer since Graham died in 1976. The book comprises a guide to approaches in long-term investing. Through the book, Graham maps out and advocates for his value approach as opposed to investing.

 

Security Analysis

The book was first published in 1934 with David Dodd and Benjamin Graham as the authors. The book is a guide to fundamental equity investing and offers approaches to value investing. Graham was Warren Buffet’s professor at Columbia University, and Buffet was able to pick up on value investing, an approach he uses till today.

 

Barbarians at the Gate

If one is interested in junk bonds and leveraged buyouts, this book is ideal for them. The book was written in 1989 by John Helyar and Bryan Burrough. In the book, they write the history of these types of financing as they recount the struggle that involved the RJR Nabisco leveraged buyout. Initially, the writers wrote the story as Wall Street Journal writers.

This post was originally published on Etienne Kiss-Borlase’s Finance Blog. For more info about Etienne, please visit his homepage.

Five Best Books to Better Understand Finance

What to Know about Robin Williams’ Art Collection Sale

The late comedian and Oscar-winning actor Robin Williams was known for his wild standup routines and a wide variety of movie and television performances.

 

Maybe that is why his collection of artwork bears a similar diverse portfolio of some extraordinary and eclectic pieces.

 

Sotheby’s New York is selling the art collection owned by Williams and his former wife Marsha on Thursday, October 4th. The sale is titled: “Creating a Stage: The Collection of Marsha and Robin Williams,” and now the public will have the chance to bid on these personal items. Williams was married to Marsha Garces Williams for 20 years, and the couple was avid collectors.

 

The Williams family has decided that proceeds from the auction will be divided among several of the late star’s favorite charities. Some of these organizations include the Christopher and Dana Reeve Foundation, Juilliard School, Wounded Warrior Project and Challenged Athletes Foundation.

 

The sale is expected to realize between $3.3 million to $4.7 million, according to Sotheby’s New York.

 

Robin Williams was revered for his unique sense of humor, and the range of objects from his interesting art collection that he shared with his then-wife Marsha reflects their vision. The works feature pricey sculptures, paintings, timepieces, sports and movie memorabilia, a selection of bicycles and design.

 

For instance, the first edition of Samuel Beckett’s Waiting for Godot (est. $1,500–2,500) is up for auction. Williams starred with Steve Martin in the 1988 production at Lincoln Center.

 

A Gryffindor robe worn by actor Daniel Radcliffe in “Harry Potter and the Sorcerer’s Stone” is also up for grabs (est. $10,000-$15,000).

 

Robin Williams’s Golden Globe award for his winning role in “Good Morning Vietnam” will also be up on the auction block for bidding (est. $15,000–20,000).

 

A colorful and striking contemporary sculpture titled ” Le poète et sa muse” by artist Niki de Saint-Phalle is also part of the art collection sale (est. $350-450,000).

 

Even the actor’s famous Hollywood Walk of Fame star plaque (1990) can be bid on by the public (est. $3,000-5,000). It was presented to Williams by the Hollywood Chamber of Commerce on the day of the placement of his star.

 

Robin Williams was 63 when he committed suicide in 2014. It was reported that he was suffering from depression.

 

This post was originally published on Etienne Kiss-Borlase’s Art-In-Trust website. For more info about Etienne, please visit his homepage.

What to Know about Robin Williams’ Art Collection Sale