Oct 29 2024 31 mins 5
Dive into the concept of consumption smoothing, and its implications on personal finance and economic behaviour. This episode highlights the psychological challenges individuals face when making economic decisions, particularly in the context of frugality and lifestyle choices.
I share insights and investing stories emphasising the need for individuals to adapt their spending habits and consider the long-term effects of their financial decisions. Are you spending too much? Or too little?
Listen to episode 224 of the Urban Property Investor to get all the saving tips and tricks to help you create wealth for yourself.
I discuss -
00:00 - Understanding Consumption Smoothing
12:03 - The Psychological Impact of Consumption Smoothing
24:12 - Navigating Economic Challenges in Australia
Don’t hesitate to hit me up on Facebook @SamSaggers. DM me any of your questions :)
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Take care,
Sam
