Ben Felix: The Problem With Saving 10% of Your Income

Ben Felix's YouTube channel is one of the only personal finance channels I watch. We discuss the ‘rules’ to avoid, what makes us bad investors, and how to get your money to fund a better life. Ben also opens up about his cancer diagnosis earlier this year and how it’s changed his perspective on life. 🤝 Make the most of your money with our financial adviser service - book a free consultation:https://makingmoney.email/financial-a... 🎉 Sponsors TaxZap - Do your personal tax return/self-assessment: https://makingmoney.email/taxzap Vanta - Get your company secure and compliant: ⁠https://vanta.com/makingmoney - If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Here are the papers referenced: Beyond the Status Quo: A Critical Assessment of Lifecycle Investment Advice Anarkulova, Aizhan and Cederburg, Scott and O'Doherty, Michael S. https://ssrn.com/abstract=4590406 Finding and Funding a Good Life - Ben Felix https://pwlcapital.com/wp-content/upl... Ben’s channel:   / benfelixcsi   Rational Reminder podcast:    / rationalreminder   PWL capital: https://pwlcapital.com/ Chapters: 00:00 - Why finance? 06:29 - Home bias 13:44 - Vanta ad 14:49 - Are you over-exposed? 17:19 - Low US returns coming? 23:06 - 4% rule 27:09 - TaxZap ad 28:23 - Rational investing? 35:00 - Investment approach 38:45 - Money and happiness 41:15 - Funding a good retirement 45:25 - Trade-offs 50:03 - When you shouldn’t save 54:52 - Cancer diagnosis 01:08:09 - Best investment advice