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
Lowest compared to your eventual peak earning years and your retirement, at least in a typical economic life cycle of a human.
That stage of life, early on in life, the marginal utility, the amount of additional satisfaction you can generate from each dollar that you spend on improving your standard of living is at its highest.
The marginal utility of consumption is at its highest when you're at this stage in life.
And so if you think about an additional $5,000.
Spent at age 25 might mean living in a safer area, in a nicer apartment, eating better food, healthier food, maybe more vegetables, maybe organic produce, I don't know, whatever, berries, stuff like that.
It might be getting a better education, driving a more reliable car, forming core memories.
This is what I talked to James about at lunch: is that he looks back and he was a pretty aggressive saver, but he looks back and a lot of his friends who are now
Older, getting closer to retirement age, they have all these fond memories of all the traveling they did when they were in their 20s.
He doesn't have that.
And he looks back now and he's like, I kind of wish that I'd done that, which was a pretty interesting comment for him to make.
And that's stuff that does stay with you forever, though those core memories that you look back on.
You don't get another chance to do stuff like that because you're only young once.
So then if we take that same $5,000 at age 45, and this is the interesting part, even when you account for
Potential investment growth in the interim.
So even if you had invested that $5,000 at age 25, at age 45, it's going to yield a much smaller increase to your standard of living.
If you're saving as much as you possibly can when you're young, when your income and standard of living are comparatively low to later in your life, you're sacrificing more of what matters when you can least afford it.
And this is a line that Nick, the writer that I've been working with at PWL, wrote, which I think is very
Good.
This is a great line.
He says you're effectively robbing from the poor, which is your current lower income self, and giving to the rich, which is your higher income future self.
Showing 1281–1300 of 5,943 · page 65 of 298
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