Average People Have the Quiet Advantage to Be?Rich
Hi, My name is Ben Le Fort, creator and editor of Making of a Millionaire, a publication dedicated to helping you use money to live your best life.
Welcome to the Making of a Millionaire weekly review. Think of this email as your personal finance appetizer. If you want the whole meal, you can unlock my entire archive of articles, books, and tools to help you use money to live your best life by subscribing to the MOAM Substack here.
Quote Of The?Week
“The stock market is a device for transferring money from the impatient to the patient.”
- Warren?Buffett
Average People Have the Quiet Advantage to Be?Rich
Written by Eve Arnold
“Well, if Eve can get a graduate job, anyone can.”
Lol. Burn.
But she was right you know. And I want to tell you how an average person like me can make their dreams come true.
A Dead Simple Way to save Money That Most People?Ignore
Written by Ben LeFort (Me)
One reason people struggle to save is present bias, which is the tendency to choose immediate rewards and avoid immediate costs even if you know those decisions are not in your best interest in the long run.
In this article, I review research that provides another explanation of why people struggle to balance their current and future financial goals: our inability to maintain focus on long-term plans.
领英推荐
Losing $8,427 on Stocks Taught Me That Testosterone Is My Biggest Enemy in Investing
Written by Denis Gorbunov
I act stupid when testosterone clouds my mind. Ladies have nothing to do with this.
Too much of the male hormone leads to bravado. The bravado translates into poorly calculated risks.
I’m speaking of experience because testosterone made me lose $8,427 before I learned to deal with it.
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A Final Thought From Me
Cheers,
Ben
Founder of Making of a Millionaire
Author of The Financial Freedom Equation & The Rational Investor