Debt, Saving, & Investing | Money Scope 5 скачать в хорошем качестве

Debt, Saving, & Investing | Money Scope 5

Meet with PWL Capital: https://pages.pwlcapital.com/en-ca/co... Our relationship with money changes throughout our lives. While this journey will vary between individuals, there are broad trends that will apply to many of us. In today’s we investigate how to navigate debt, savings, and investing at different stages of our lives and break down how these mechanisms can help you move your economic value through time. From an economic perspective, it makes sense to use debt early in life. But taking on debt can be a scary prospect, and it’s important to take into account the emotional weight of debt and how it can negatively impact subjective well-being. Tuning in you’ll hear valuable tips on how to approach debt in a constructive way, the distinctions between good and bad debt, and how to ensure financial resilience and cash flow security. We discuss the various approaches one can take to saving and investments and their relationship to risk, before providing a breakdown of the various account types one should consider. Our conversation also unpacks the concept of time horizons, how to balance inflation risks and investment risks, and how taxes factor in when assessing debt. We want to help you build a solid financial platform to launch from. Tune in as we discuss how debt, saving and investing can help you move your lifetime economic value through time and learn how this can empower you to live the life you want, both now and in the future! Timestamps: 0:00:00 Intro 0:02:21 The Economic Time Machine 0:09:40 Good Debt and Bad Debt 0:18:24 The Psychology of Debt 0:24:23 Financial Resilience 0:35:10 From Saving to Investing 0:39:59 Account Types and Products 0:52:34 Duration Matching Savings 0:58:03 The "Pay Down Debt vs Invest" Debate 1:12:10 Debrief Links From Today’s Episode: Rational Reminder Episode 141: Hal Hershfield — https://rationalreminder.ca/podcast/141 Rational Reminder Episode 256: Prof. Hal Hershfield — https://rationalreminder.ca/podcast/256 Dr. Mark Soth (The Loonie Doctor) — https://www.looniedoctor.ca/ Dr. Mark on X —   / looniedoctor   Benjamin Felix — https://www.pwlcapital.com/author/ben... Benjamin on X —   / benjaminwfelix   Benjamin on LinkedIn —   / benjaminwfelix