Friday Flight - Buffett’s Brilliance, Trading Data for Dollars, & the Foibles of Student Loan Forgiveness #510
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The Realization of Our Own Mortality Leads to Increased Savings
An academic paper found that the death of a close friend actually leads to lower savings rate for years to come. A lot of folks tend to spend more, and the typical savings rate drops somewhere between one point one and one point seven%. i think it tells us that our emotions definitely influence our financial habits. But contemplating our eventual reality te the end of our living existence isn't morosew would saytat. It should cause you to live well to day, to enjoy the present, to care well for the people around you, and even to be smart with your money.
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