MI Rewind: The Psychology of Money & Behavioral Finance w/ Daniel Crosby
The Intrinsic Value Podcast - The Investor’s Podcast Network
Common Misconceptions about Money
This chapter explores the common misconceptions surrounding money and how people think about it, including the idea of never feeling like they have enough money and constantly moving the goalposts of financial success. It also discusses the concept of the hedonic treadmill and strategies to prevent lifestyle inflation and prioritize saving and investing.
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