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Earn & Invest
476. Eleven Bad Money Hacks That Waste Your Time and Energy w/ Andrew Giancola
Nov 27, 2023
Financial expert Andrew Giancola discusses eleven bad money hacks that waste your time and energy. They debunk the 'latte factor' myth and emphasize the importance of prioritizing bigger financial decisions. They also discuss the benefits of using the Monarch Money app, the bad money hack of cutting cable, evaluating the value of time and energy in money hacks, and exploring the trade-off between time and money.
54:50
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Quick takeaways
- Prioritize major expenses like housing and transportation for effective wealth-building.
- Evaluate the value of your time when engaging in money-saving activities.
Deep dives
Focusing on the Bigger Financial Priorities
It is important to prioritize the bigger financial priorities in order to build wealth effectively. While small expenses like lattes may add up over time, focusing on major expenses like housing, food, transportation, and asset allocation have a much bigger impact on financial well-being.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode