The Biggest Myths in Personal Finance

Some of the most repeated advice in personal finance is wrong. Saving as much as you can when you're young to benefit from compounding sounds obvious, but it ignores what economists call the life-cycle model. Following it can mean sacrificing the years when your money buys the most. In this video,...

Intermediate - 21 min - Money & Business - Ben Felix

The full course: Learn Budgeting & Saving free

What you'll need

• Laptop stand: Screen at eye level for long study sessions.
• Noise-cancelling headphones: Focus through long video lessons.
• Second monitor: Video on one screen, practice on the other.
• Wireless keyboard and mouse: Comfortable for hours of typing.

Books

1. The Total Money Makeover by Dave Ramsey - View on Amazon
2. I Will Teach You to Be Rich by Ramit Sethi - View on Amazon
3. The Psychology of Money by Morgan Housel - View on Amazon
4. Your Money or Your Life by Vicki Robin - View on Amazon

Next lessons

• 5 Things You Need To Do If You Make Less Than $100k (21 min, The Financial Diet, Intermediate)
• 9 Things To Stop Spending On By 30 (26 min, The Financial Diet, Intermediate)
• 9 Things To Do If You Have $7k Or More In Debt (21 min, The Financial Diet, Intermediate)
• The Biggest Mistakes in Personal Finance (16 min, Ben Felix, Intermediate)
• 11 Things You Think Upgrade Your Home, But Actually Cheapen It (32 min, The Financial Diet, Intermediate)
• 6 People Who Have Ruined Our Relationship With Money (25 min, The Financial Diet, Intermediate)
• 7 Common Self-Care Tips That Actually Make You More Stressed (24 min, The Financial Diet, Intermediate)
• 9 Ways You're Sabotaging Your Budget Without Realizing It (14 min, The Financial Diet, Intermediate)