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
People feel that and they become defensive, and that's why it's such a lightning rod topic.
Anyway, we're gonna spend the whole hour just talking about this one.
We should move on to number two.
Just to support this idea.
It's not just Dan and I spewing our opinions on this topic, although we have also done that.
This concept comes from one of the best supported models in
In economics, which is called the life cycle model.
And the fundamental premise of the life cycle model is that people want to maintain a consistent standard of living throughout their lives.
And that consistent standard of living is really key to the model.
It suggests that you should aim to roughly even out your standard of living across high and low income years over your life.
So that's a concept called consumption smoothing.
Because income typically starts low, as we've talked about when you're young and rises throughout your career, your saving strategy in the life cycle model should match that pattern, which means that you save what you can early on without sacrificing your quality of life.
Or even this is.
pretty common with students, for example, you go into debt early on, you strategically use leverage and then increase your savings over time as your income grows.
Stuff we haven't, well, we we briefly talked about this.
There's topics like risk management, like what if your human capital is risky?
What if your income is not going to go up over time?
Yes, there's a whole other thing to unpack there.
Habit formation.
Man, it's a double edged sword.
Showing 1341–1360 of 5,943 · page 68 of 298
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