Economics based planning is a framework for thinking about how you manage your money. The four central tenets are consumption smoothing, raising your living standard, pricing out your life style decisions and understanding risk. Those are five ideas or concepts that have come out of this conversation with professor lawrence kotlikof thank you so much for tuning in to afford anything podcast.
#329: Have you ever thought about how an economist views financial planning? Would you guess that it's vastly different from how some financial planners approach this work?
Today's guest, Laurence Kotlikoff, is a Professor of Economics at Boston University. The Economist named him one of the world's 25 most influential economists in 2014. Professor Kotlikoff has written 19 books, and hundreds of professional articles and Op-Eds.
He's here to explain why economists take a different view than financial planners on investing, retirement planning, and risk mitigation.
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