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Day Trading Disaster
- Brad Klontz, burdened by student loan debt, was inspired by a friend's day-trading success.
- He sold his truck and invested, initially profiting, but lost almost everything when the tech bubble burst.
Allure of Get-Rich-Quick Schemes
- Get-rich-quick schemes are tempting because they offer a shortcut to wealth.
- People crave instant gratification and dislike the idea of slow, disciplined wealth-building.
Impact of Financial Flashpoints
- Financial flashpoints, like the Great Depression, create lasting anxieties about money.
- These anxieties can be passed down through generations, influencing family money scripts.