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Spending vs saving: finding the balance between YOLO and future you

Australian Finance Podcast

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Investing

I think this is like classic economics. As interest rates go higher, more people become savers. Interest rates typically go up because people get fearful about their jobs and their economy. So they save more. And I'm definitely playing into this. Like I'm like, oh, the stock market's down, things look pretty scary, maybe I'll save a bit more. This is something we tackled recently in a conversation. Do you think people know what a SIV is? I don't know if the baked cake maybe. Does some pasta? The SIVS, the thing that you put flour into, and you shake it around a bit, and then the dust comes out the other

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