Ben Felix

“The reason this topic is tricky is that well what I just said is true, it can cause bad habits where if people spend all of their income and then don't have that shift towards saving at some point, then they'll end up in a difficult position later on in life.”

“There is research suggesting that it's probably suboptimal for young people to save. General point is that you should save more when you have a higher income and save less when you have a lower income.”

“Financial firms are very good at seeing what investors want even if that thing is not good for them and then creating a product to fulfill that desire.”

“when you buy that $10 coffee, you're actually theoretically spending $150 in 40 years time. So you better really enjoy the coffee.”

“You you don't have an expected return when you hold cash. you in real terms have a negative expected return.”

“Hoarding cash is is it's in its own way taking a type of risk.”