1943: Luck, Credit, and the FIRE Movement by Sean Mullaney
Optimal Finance Daily - Financial Independence and Money Advice
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The Role of Luck in Financial Literacy
Financial literacy without a framework and goals is sort of like teaching algebra in high school. You can teach people about for onks and h s as until you're blue in the faceWithout something kin to the fie framework, financial knowledge by itself does not often materially improve choices and outcomes. The fire movement simply says, we have hundreds of years of economic data, we know diversified baskets of productive investments generally tend to grow over long periods of time. So start investing. Investment growth could be thought of as luck. But without an individual financial choice, the decision to invest, you get absolutely none of that luck.
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