20min chapter

Earn & Invest cover image

559. High Earners, Not Rich Ever w/ Tae Kim

Earn & Invest

CHAPTER

The Dangers of Financial Leverage

This chapter examines the use of leverage as a financial tool that can enhance purchasing power but also poses significant risks, especially for high-income earners. It emphasizes the common pitfalls of assuming that a high salary equates to sound financial judgement and highlights the necessity of simplicity in investment strategies. The discussion encourages a grounded approach to wealth management, advocating for humility, basic financial principles, and a focus on genuine personal growth over material status.

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