How Do You Explain Good Money Habits to Newbies?
The Stacking Benjamins Show
The Dangers of Skipping Basics and Blindly Following Advanced Financial Advice
The chapter discusses the risks of disregarding basic financial concepts and immediately delving into advanced planning options. It highlights the importance of understanding retirement withdrawal rates before forming opinions on the subject. The speakers caution against blindly following complex financial advice without thorough comprehension, using examples of investment choices made without understanding the complexities involved.
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