the Quiet Advantage

 

Average People Have the Quiet Advantage to Be Rich

Hi, My name is Ben Le Fort, creator and editor of Making of a Millionaire, a publication dedicated to helping you use money to live your best life.

This is a reprint of the weekly MOAM newsletter. If you want to receive more of these roundups, you can sign up right here to keep getting them every Sunday.

One reason people struggle to save is present bias, which is the tendency to choose immediate rewards and avoid immediate costs even if you know those decisions are not in your best interest in the long run.​

In this article, I review research that provides another explanation of why people struggle to balance their current and future financial goals: our inability to maintain focus on long-term plans.​

I act stupid when testosterone clouds my mind. Ladies have nothing to do with this.​

Too much of the male hormone leads to bravado. The bravado translates into poorly calculated risks.​

I’m speaking of experience because testosterone made me lose $8,427 before I learned to deal with it.​

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