Ben Felix: The Problem With Saving 10% of Your Income

Ben Felix's YouTube channel is one of the only personal finance channels I watch. We discuss the ‘rules’ to avoid, what makes us bad investors, and how to get your money to fund a better life. Ben also opens up about his cancer diagnosis earlier this year and how it’s changed his perspective on life.

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This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.

Here are the papers referenced:

Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice Anarkulova, Aizhan and Cederburg, Scott and O'Doherty, Michael S. https://ssrn.com/abstract=4590406
Finding and Funding a Good Life - Ben Felix https://pwlcapital.com/wp-content/upl...


Ben’s channel:   / benfelixcsi  
Rational Reminder podcast:    / rationalreminder  
PWL capital: https://pwlcapital.com/

Chapters:

00:00 - Why finance?
06:29 - Home bias
13:44 - Vanta ad
14:49 - Are you over-exposed?
17:19 - Low US returns coming?
23:06 - 4% rule
27:09 - TaxZap ad
28:23 - Rational investing?
35:00 - Investment approach
38:45 - Money and happiness
41:15 - Funding a good retirement
45:25 - Trade-offs
50:03 - When you shouldn’t save
54:52 - Cancer diagnosis
01:08:09 - Best investment advice