Morgan Housel and Gretchen Housel Part 1: How they use simple financial experiments to improve their relationship with money and each other
50 Fires: Money and Meaning with Carl Richards
Testing Financial Resilience and Avoiding Dependency
It is vital to test financial habits by temporarily reducing spending to essential items to ascertain if there is an addiction to spending or if money is being used as a tool. The ability to scale back lifestyle without emotional distress is crucial as financial challenges can arise for anyone. Similarly, in a professional setting, it is important to ensure that no individual is indispensable to prevent a single point of failure within the company.
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