2579: The Biggest Lie in Personal Finance by Nick Maggiulli of Of Dollars and Data on Retirement Myths
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.\nEpisode 2579:\xa0\nNick Maggiulli's article "The Biggest Lie in Personal Finance" exposes the oversimplified notion that reducing expenses is the key to wealth. He argues that for many, especially those with lower incomes, cutting costs isn't enough without addressing the core issues of insufficient income and systemic financial constraints.\nRead along with the original article(s) here:\nhttps://ofdollarsanddata.com/the-biggest-lie-in-personal-finance/\nQuotes to ponder:\n"The only 'secret' that I know to get rich is to grow your income and invest in income-producing assets."\nEpisode references:\nConsumer Expenditure Survey, Bureau of Labor Statistics: Consumer Expenditure Surveys - U.S. Bureau of Labor Statistics\u200b\u200b.\nLearn more about your ad choices. Visit megaphone.fm/adchoices