Every dollar that you're putting stock market comes at the opportunity cost of a dollar of paying off your home. I refer to this as upside investing, where you take care of your liabilities. That's what vilodi would call safety first investing. Ike may be gradually invested in inflation inex bonds or ee bonds. The rest of the funds that i have, i con invest really safely, may be in tips. And i'm going also pay off my liabilities, and i'm going to establish a floor to my living standard.
#329: Have you ever thought about how an economist views financial planning? Would you guess that it's vastly different from how some financial planners approach this work?
Today's guest, Laurence Kotlikoff, is a Professor of Economics at Boston University. The Economist named him one of the world's 25 most influential economists in 2014. Professor Kotlikoff has written 19 books, and hundreds of professional articles and Op-Eds.
He's here to explain why economists take a different view than financial planners on investing, retirement planning, and risk mitigation.
For more information, visit the show notes at https://affordanything.com/episode329
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