Making Money An economist’s guide to getting rich the right way
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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.
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Engineer's Investment Mistakes
- Erik Angner's father, a highly accomplished engineer, made poor investment choices.
- He invested in only three stocks, highlighting the importance of diversification.
Index Fund Investing
- Invest in index funds if you have a long-term horizon and can handle market fluctuations.
- Index funds offer diversification and good returns without requiring constant monitoring.
Intelligence vs. Simplicity
- Intelligent people often struggle with simple investment strategies like index funds.
- They assume complexity due to their own technical expertise and perceptions of the market.
