The Principles of Wealth Creation

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According to spectrum group, one out of every eight households in the us. Has a net worth of a million dollars or more. E talk about that. Why? Why should i want ity? Why don't i want money? What what good is money. Money can't buy me happiness. Why should i care about that? Yes, well, you know, people often say that money can't buy friendship or true love, and the best things in life are free. And there's a lot of truth in that, but it's not the whole story because life's expensive. Having money means that you can live where you want, do what you want, with whom you want.

In this special episode of the show Shermer and Green discuss one of the most important and yet poorly understood concepts in modern society: money and why it matters. They discuss: the origins of money, and how to make it work for you, how the stock market works, the power of compound interest, the secrets of millionaires, the difference between a IRA, 401(k), and a Roth IRA, hedge-fund managers and investment advisors, the relationship between risk and reward, the relationship between saving and spending, the problem with free market capitalism, money, happiness, and meaning, and the role of luck and contingency in how lives turn out.