The Long View

Best of The Long View 2024: Financial Planning and Retirement

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Dec 31, 2024
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ADVICE

Buy Experiences

  • Prioritize buying experiences over material possessions.
  • Experiences create lasting memories, while material goods lead to habituation.
INSIGHT

Money Orientations

  • Roughly 25% of people are tightwads, 25% are spendthrifts, and 50% are in between.
  • Demographic correlations exist, but they're not strong predictors.
ANECDOTE

Financial Struggles

  • Past financial struggles can significantly impact spending habits, even after financial improvement.
  • A character in "Love in the Time of Cholera" illustrates this by saying, "I'm not rich. I am a poor man with money."
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