To invest in stocks, you need to know how to choose the ones that are best for you. In this financial podcast, apply Susan’s way of choosing which chess pieces to move on the board to determine which stocks to buy. Once you’ve chosen your stocks, decide how involved you want to be with managing your investments and take a look at the different options that are available to you.

Do you need a perfect plan to be a successful investor?

You might be surprised to hear the answer is NO! It’s possible to be a successful investor, even without the perfect plan.

As a matter of fact, there is no such thing as a “perfect plan” since investors need to be flexible enough to react to market changes.

Action is the key to becoming a successful investor. Compare it to a successful chess player who doesn’t spend the whole game dreaming about the best moves. He acts while the clock is ticking.

Act now, and listen to this podcast about how to be a successful investor.

When is the best time to invest?

When the markets go up or down? This financial podcast explains why timing the market may not be the best investing strategy.

The best chess players don’t let their emotions affect their performance on the board. Learn how to transfer that knowledge to the finance world, and get tips on how to be objective when making financial decisions.

Direct download: Episode2014420How20to20Find20the20Right20Time20to20Invest.mp3
Category:decision making -- posted at: 5:00pm CEST

When looking to invest in great mutual funds or make any other investment decisions, understand what “survivorship bias” and “creation bias” are and how these can become potential pitfalls. Biased decision-making can also affect the world of chess. Listen to learn what biases you should look out for both in investing and on the chessboard.


For more about investing in mutual funds, read this.

When playing chess and investing, it’s a good idea to measure your results by looking at performance metrics.

But why are metrics important? Find out how measuring performance improves efficiency. If you can measure it, you can improve it! This financial podcast also discusses literacy and its connection with improved living standards in many parts of the world.

One of the reasons investing in the stock market is so difficult is because we can’t predict the future. 

The trick is to use hindsight to help you determine what will be. While past performance is never a guarantee of future results, if you were able to invest in the stock market 50 years ago, would it have been a worthwhile investment?

Take a look at how the world’s economy and standard of living have developed over the past 50 years. When deciding where and how to invest, it’s important to look at the market’s potential and not only at its past. Looking at the potential of every country’s economy is just like how a chess player examines the potential of every piece.

What happens if you miss an investment opportunity?

Are you doomed to have lost the chance to have made money?

Luckily, successful investing rarely involves making once-in-a-lifetime choices.  The majority of Wall Street wealth was not made timing the market.

Perseverance, rather timing the market may be the key to financial success.

Listen to the story of how the Hungarian government tried to stop Susan Polgar from competing in international competitions during her youth, and what it teaches about using available opportunities.

Get information about our upcoming real-life finance course and send your financial questions to be answered on a future episode.

What do you need to know before buying a stock?

Don’t base your decision on a vague piece of financial news. Look at more specific details, such as a company’s earnings and value. What do these terms mean, and which aspects are important? Find out what a company’s price/earnings ratio is, and how this would affect your final decision.

Get information about our upcoming real-life finance course and send your financial questions to

Don’t let your spouse be the only one to manage your money.

You need to know what’s going on with your finances, even if you don’t handle all of the daily expenses.

Find out what the differences are between men and women when it comes to handling finances, and why good communication about money and setting goals is the key to a happy marriage.

Watch this three-minute video to learn more about the importance of open financial communication between partners.

What are alternative investments? How do they compare to ETFs, stocks, bonds, and mutual funds? This week’s financial podcast explains why it is important to avoid complexity in investing, and why you should make sure to match your investments to your personality and risk tolerance.

Nobel Prize winner Harry Markowitz, pioneer of modern portfolio theory, explains his theory on how to decide to make the best move. Doug speaks with Harry Markowitz about similarities between chess and investing, and how to make successful decisions.

Set a goal, and get motivated to reach your goal by listening to the amazing story of Grandmaster Susan Polgar’s childhood, being homeschooled under the tough conditions of Communist Hungary.

Discover what STRATegic goals are and how adopting this system of goal setting can help you achieve your dreams.

What’s the truth behind “free offers”? Many “free offers” are scams and contain a hidden agenda. Do you know anyone who “won” a free offer only to find out the offer wasn’t free, or wasn’t what was promised? Listen to this financial podcast to hear a true story about a free offer of a cruise.

And best of all, stay tuned until the end of this financial podcast for a genuine free offer – the Rich As A King poster book. It really is free – listen for the details.

If you get an inheritance, one of the first questions you may ask is how to minimize the resulting taxes. In this financial podcast, find out what you need to know about maximizing the growth of an inheritance and whether you will face estate tax issues.

Reminder: download the Rich As A King poster book while we are still giving it away for free.

Transferring credit card balance is probably something Walter Cavanagh, the holder of the world’s record of having the most credit cards, never had to do. (He only uses one card and pays it off in full at the end of the month.)

While someone has to hold the title “Holder of the Most Credit Cards” – is this an honor that you should aspire to hold?

While the attractive offers made by credit card companies may make credit cards look very tempting, the initial 0% interest offered doesn’t keep you out of debt. And transferring your credit card balance from one company to another will not help you, either.

In order to eliminate your credit card balance once and for all, adopt one of these suggested strategies to rid yourself of credit card debt.

Send us a picture of you cutting up your credit cards and we’ll post it on the site!  

How does a terror attack affect investors?

When Doug recently spoke to a lawyer at a big brokerage firm, he was shocked to find out that a result of the rise of global terrorism, the company had closed its international operations. But what is the general reaction to terror among long-term investors? What is the best way for investors to react to global terror? What should you do when the going gets rough? Tune in to get a link to more information about terror and its effects on economics and investing.

Direct download: Episode_95_How_to_Invest_When_the_Fear_of_a_Terror_Attack_Looms.mp3
Category:decision making -- posted at: 2:00pm CEST

How much do you know about mutual funds? n this second half of a two-part series on mutual funds (for the previous episode click here), Doug explains what mutual funds are and how an individual investor can profit by investing in them. He reveals an important strategy for making investment decisions in general, which he learned from a discussion with Grandmaster Susan Polgar.  At the end of the show, Doug mentions a special link to get additional resources about mutual funds. Don’t forget to click on it!

Direct download: Episode_92_A_Clear_Explanation_of_How_Mutual_Funds_Really_Work.mp3
Category:decision making -- posted at: 2:00pm CEST

Want to avoid a fight about money? Money is one of the biggest causes of friction in a relationship. Many couples fight over what belongs to each one, their debts, each other’s spending, or how much money they should give to their children. Very often, these arguments center around control. Many people believe that they are more financially savvy than their partner, who is more to blame for their money difficulties than they are. What is the best solution to avoid a fight about money?

Instead of arguing and fighting about money, sit down together and work out joint goals and financial rules for you and your family.

  • Talk about your goals rather than individual spending or saving habits.
  • Decide how much money you are prepared to give to your children and stick with your decision.
  • Agree to work out all major financial decisions. This episode provides easy tips and advice on how to avoid fighting about money and create firm financial strategy and goals.


Direct download: Episode_89_How_Not_to_Fight_About_Money_with_Your_Spouse.mp3
Category:decision making -- posted at: 2:00pm CEST

Are you thinking of investing in a new startup company? This week’s financial podcast tells you what you need to know before you invest. What are the questions you should ask? The five minutes that it takes to listen to this podcast can make a difference to your investment decision.

Direct download: Episode_85_Before_You_Invest_in_a_Promising_Start-Up.mp3
Category:decision making -- posted at: 2:00pm CEST

What do you know about your finances? Do both you and your partner handle your money decisions, or is your spouse looking after everything to spare you from worry?

Listen to this financial podcast to learn why it is important for both partners in a relationship to handle your money as a team.

To listen to this podcast, click here

Or you can download the Rich As A King podcast from your favorite platforms: ItunesStitcherTuneIn, and of course, our website

This podcast is based on Rich As A King: How to Become a Grandmaster of Investing, by Douglas Goldstein, CFP® and Grandmaster Susan Polgar,



What do you know about high-risk ETFs? Is the high return worth the risk, and can you handle it? This financial podcast explains leverage and other related aspects of these high-risk investments and gives you a great strategy.

To listen to this podcast, click here

Or you can download the Rich As A King podcast from your favorite platforms: ItunesStitcherTuneIn, and of course, our website


This podcast is based on Rich As A King: How to Become a Grandmaster of Investing, by Douglas Goldstein, CFP® and Grandmaster Susan Polgar,

Direct download: Episode_70_High-risk_ETFs_-_What_you_need_to_know.mp3
Category:decision making -- posted at: 2:00pm CEST