There's a lot of stuff in the personal finance space where people are guilted into, you know, oh, you don't buy your coffee, you're paying away a million dollars. So for me, I think I am trying to come up with different ways that people can use to kind of get them out of that guilt. If I ever spend a large amount of money, let's say I'm going to spend $300, 400 bucks, whatever it is, I make sure to take the same amount of money and I either invest it or donate it. It really eliminates spending guilt in a lot of ways.
#420: Harvard professor Arthur Brooks described two types of intelligence – and explained, in scientific terms, the wisdom that comes with age.
Dr. Ellen Vora, M.D., shared insight into the roots of procrastination, offering evidence-based tips for how to overcome our own inner demons of anxiety, fear and laziness.
Psychology professor Bill von Hippel described why too much happiness is just as detrimental to our long-term health and wellbeing as too little happiness.
Wall St. Journal columnist Spencer Jakab observed the perfect storm of conditions that gave rise to meme stonks and other oddities of our era.
Former financial planner Joe Saul-Sehy argued for “strategic under-diversification” and explained the Sharpe Ratio.
Data scientist Nick Maggiulli explains the save-invest continuum.
And financial planner Bill Bengen, the creator of the 4 percent retirement withdrawal rule, talks about what most people misunderstand about the safe withdrawal rate.
These are just some of the highlights from the Afford Anything podcast in this 2022 year-in-review episode.
Enjoy!
For more information, visit the show notes at https://affordanything.com/episode420
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