The Gold to Make More Money

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The millionaire next door allocates his time, energy and money efficiently in ways conducive to building wealth. He believes financial independence is more important than displaying high social status. The idea behind accumulating a seven or even eight figure net worth is not that you can have so much more stuff imean that often comes with it if you're highly affluent. But the best part about having money is having the freedom to live your life the way you you dreamed about living it.

In this special episode of the show Shermer and Green discuss one of the most important and yet poorly understood concepts in modern society: money and why it matters. They discuss: the origins of money, and how to make it work for you, how the stock market works, the power of compound interest, the secrets of millionaires, the difference between a IRA, 401(k), and a Roth IRA, hedge-fund managers and investment advisors, the relationship between risk and reward, the relationship between saving and spending, the problem with free market capitalism, money, happiness, and meaning, and the role of luck and contingency in how lives turn out.