Bogleheads On Investing Podcast cover image

Episode 056: Dr. Daniel Crosby on the behavioral investor, host Rick Ferri

Bogleheads On Investing Podcast

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The Hedonic Treadmill

The psychological tendency is called the hedonic treadmill. At every income bracket, it was just out of reach. House is one of the worst ways that you can buy happiness because I have a beautiful home. We quickly adapt to whatever our reality is. And so it's imperative that we avoid lifestyle creep.

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