Benjamin Felix
speaker
5,943 appearances
22 recordings
1 series
first heard Apr 2026
last heard 5d ago
Benjamin Felix’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 22 in all, peaking in Aug 2026 with 5.
Appearances
And this is, as I said, it's it's just taken as an absolute truth in personal finance.
And it sounds reasonable.
And like you said, Dan, like a lot of these.
Myths, it does have elements of truth.
A longer time horizon certainly makes compound interest more powerful.
To be completely clear, compounding is definitely an important tool for building wealth at long horizons, but the strategy of saving as much as possible as early as possible.
Neglects what I think is an even more important consideration, which is that when you're young, your income is typically at its lowest point throughout your life and will likely steadily rise over time as your career progresses before tapering off as you approach retirement.
That statement turns out to be one of the most controversial pieces of this.
Again, judging from the discussion that stemmed from this video, a lot of people said we don't know that your income is going to rise over time.
There's a lot of pessimism.
And a lot of it seems to be related to AI right now, but there's a lot of pessimism about
Whether we can expect our incomes to rise over time and whether we're even gonna have jobs in the future.
I mean, it's a fair ish point, I guess.
I think a lot of
Long term decisions require a little bit of optimism, otherwise you'd behave very
dismiss it.
The premise of this myth is that when you're young, your income is low.
Your standard of living is probably at the lowest that it'll ever be throughout your life.
You grow up, you have your parents taking care of you, but then you're at this point where you're a young adult.
Maybe your parents are supporting you less and your living standards are just at their
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