Best selling author Kim Butler and No B.S. Money Guy Todd Strobel debate some of the financial advising tips offered by an article from the AARP magazine. This episode shows in detail how society is setting you up for financial failure, and how it’s your responsibility to swim upstream.
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00:34 Topic: an Article in AARP magazine
00:55 How we are tricked into doing the right thing by behavioral science
01:14 Humans don’t always do what’s best for the long term
02:13 Opt-in vs. opt-out 401K plan
03:42 Investing vs. Saving
04:24 5th of the 7 Principles of Prosperity
07:23 Article talks about making saving fun
08:57 Overcoming short term thinking
11:00 New technology for Prosperity Economics
12:40 Competition- is it good?
14:48 Kim doesn’t like the envelope system except for short term savings
16:50 Seven Principles
17:30 Listener gift