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Making Money
S5E9: An economist’s guide to getting rich the right way
Dec 16, 2024
Erik Angner, a PhD economist and author, shares his insights on leveraging economics to solve global issues and personal financial growth. He discusses the importance of sound financial decision-making and the psychological aspects of saving versus spending. Angner also addresses the challenges posed by fluctuating interest rates, strategies to cultivate better financial habits, and the necessity of financial literacy. He emphasizes learning from failures and the role economics plays in shaping sustainable futures and ethical societal values.
01:16:30
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Quick takeaways
- Trust is essential in business, requiring compliance with standards like GDPR and proactive security measures to enhance customer relationships.
- While wealth can improve happiness, especially for those in lower economic situations, it's important not to lose sight of meaningful experiences.
Deep dives
The Importance of Trust in Business
Trust is a fundamental component in business operations, emphasized as vital for successful customer relationships. Establishing trust is increasingly reliant on demonstrating compliance with security programs such as GDPR and standards like SOC 2 and ISO 27001. Continuous visibility into security measures helps businesses manage risk and prove their commitment to security in real time. Companies can leverage tools that centralize program requirements to save time and enhance customer trust, showcasing a proactive approach to risk governance and compliance.
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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