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#642 - Bill Perkins - Why You Should Spend All Of Your Money Before You Die
Modern Wisdom
The Importance of Consumption Smoothing
Consumption smoothing is a term that I'd never heard of before. And it seems like something that should be taught to 10 year olds to me. For the people that aren't familiar with it, what's consumption smoothing? Well, it's, you know, there is a, the current you, for a lot of people, there's a current poor you, young you,. That you're young and your poor and your future richer you.
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