Chapter
Saving Money and the Psychology of Earning Money
03:14 - 09:31 (06:17)
The best way to save money in a psychological way is to earn money because you will always outearn your ability to spend. The speaker contests that there's no one right way to do it.
Clips
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03:14 - 04:13 (00:59)
Summary
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ChapterSaving Money and the Psychology of Earning Money
Episode#462 - Nick Maggiulli - The Best Way To Build Your Personal Wealth
PodcastModern Wisdom
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04:13 - 06:28 (02:14)
Summary
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ChapterSaving Money and the Psychology of Earning Money
Episode#462 - Nick Maggiulli - The Best Way To Build Your Personal Wealth
PodcastModern Wisdom
The debate on the best way to build wealth is heavily contested within the real estate industry, with some experts advocating for owning real estate while others caution against high-risk or high-leverage investments.
06:28 - 08:41 (02:13)
Summary
The debate on the best way to build wealth is heavily contested within the real estate industry, with some experts advocating for owning real estate while others caution against high-risk or high-leverage investments.
ChapterSaving Money and the Psychology of Earning Money
Episode#462 - Nick Maggiulli - The Best Way To Build Your Personal Wealth
PodcastModern Wisdom
The best way to save money is to earn more money.
08:41 - 09:31 (00:50)
Summary
The best way to save money is to earn more money. The savings rate is positively correlated with income, and most people with higher income don't overspend. Cutting expenses can only go so far.