Money management is all about setting priorities.
Maybe you have the twin goals of sending your kids to college while also saving enough for retirement.
And maybe you’re struggling to figure out how to balance the two.
Today, Bryan Kuderna, a certified financial planner, shares a framework for helping us set priorities.
We talk about the importance of economic literacy, in addition to financial literacy. We discuss how retirement has changed throughout history. And we apply those broader lessons to how you think about retirement.
Discussion as of October 2024:
01:453: How to figure out what to do with your money
01:36: How to balance competing priorities
04:53: How the CIA uses “MICE”
06:01: Ideology and money
07:25: How to understand someone else’s ideology
10:29: The difference between price and cost
11:40: Value, well being, and financial management
14:28: The importance of economic literacy
32:21: The historical view of retirement
42:43: Compromise and ego in retirement planning
44:12: How to tell the difference between ego and conviction
Resources Mentioned:
What Should I Do with My Money?: Economic Insights to Build Wealth Amid Chaos | Book
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