MI Rewind: The Psychology of Money & Behavioral Finance w/ Daniel Crosby
The Intrinsic Value Podcast - The Investor’s Podcast Network
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The Hedonistic Treadmill
The hedonic treadmill says that as you make more money, your tastes and what you consider a necessity will rise alongside that increased wealth. I eat very differently at the age of 42 than I did at 22 when I was in college. Our expectations and our tastes tend to rise alongside our income. How do we keep that in check? You can lock in higher savings percentages with higher incomes.
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