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He makes $100M/year but will die with $0 (Bill Perkins)
Noah Kagan Presents
Understanding Future Value and Present Value for Long-Term Success
It is crucial to teach individuals, like children, about understanding concepts like net present value and future value. These concepts are critical for making informed decisions concerning happiness and life choices. Many people struggle with comprehending the impacts of small daily habits on their future, such as consuming an additional 200 calories daily leading to significant weight gain over time. The speaker emphasizes the importance of considering the long-term arc of life when making decisions and allocating resources, while still emphasizing the importance of saving for survival. By understanding these financial and life concepts, individuals can navigate the world better and make choices that align with the life they desire.
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