Book HackMoney MagicBy Laurence Kotlikoff
In a Nutshell
Money Magic shows us how to make lifestyle choices that directly impact our finances based on our individual sustainable living standard, so we can plan better and live happier.
Favorite Quote
It's fun and exciting to trade off a higher living-standard floor against a lower upside living-standard potential. All these things are fun and exciting because, at long last they put you in full control of your financial welfare.
Laurence Kotlikoff
Introduction
The path to financial freedom isn't simple, but involves multiple factors like salary and benefits, dependents, investments, and property.
So how can you know whether your current financial planning is in line with the life you want or the retirement you deserve?
Laurence Kotlikoff is an economics professor at Boston University and a New York Times bestselling author.
In Money Magic, Kotlikoff covers how to compare long term benefits and risks in order to figure out what financial decisions work for your lifestyle and goals.
Here are the 3 key insights from this Hack
- 1.Often the risk of defying the odds is worth looking out for
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