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18min chapter
What are your money rules? [Adam Katz]
The Examined Life
The Misconception of Earning 5% Interest
This chapter explores the misconception of earning 5% interest on money in the bank and highlights the factors involved in achieving that. It discusses duration and interest rate risk, price volatility, and the shift in perspective on monetization. The importance of determining the desired lifestyle and the challenges of maintaining it based on income, taxes, and savings are also emphasized.
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