An economist’s guide to getting rich the right way
Making Money
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Balancing Sacrifice and Gratification
This chapter tackles the difficulties of saving money and the tendency toward instant gratification, while introducing strategies such as temptation bundling to cultivate better financial habits. It also emphasizes the mental health benefits of physical activities, from intense workouts to nature walks, promoting emotional well-being and creativity. Furthermore, the discussion on consumption smoothing illustrates the significance of maintaining stable financial habits across life stages, highlighting the potential of strategic borrowing for future investments.
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Transcript
