The Morgan Housel Podcast cover image

The Art of Spending Money

The Morgan Housel Podcast

The Importance of Asking the Right Financial Questions

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  • Saving small amounts of money each month is not enough for financial success, you need to focus on larger financial decisions
  • Parkinson's Law of Triviality suggests that people give more attention to trivial problems than important ones
  • Big financial decisions often get less attention than minor choices, causing unnecessary debate and potential distraction from important decisions

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