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Episode 260: Prof. James Choi: Practical Finance

The Rational Reminder Podcast

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The Importance of Consistency in Saving

Economic theory says this is how much you should be spending at any point in your life. The pleasure from extra spending just isn't that great, but that first dollar spending is really valuable. For most people, when you're in your early 20s and your mid 20s, your income is barely low relative to your lifetime income. In your 40s and 50s, those are your peak earnings years.

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