The 80% Problem: Why Wealthy People Don't Save for a Rainy Day

About this episode

Tyler Gardner challenges the conventional wisdom of saving money, arguing that it may actually hinder wealth accumulation due to inflation and opportunity costs.

Pre-order Tyler's book, Real Wealth, at ⁠⁠tyler.gardner.com/book⁠⁠ and be eligible for all monthly incentives between now and December 1st! And as always, a MASSIVE thank you to this week's sponsors: ⁠Facet⁠: → ⁠⁠facet.com/tyler⁠ for an exclusive $550 kickstart offer! LMNT⁠: → drinklmnt.com/tyler Become an INSIDER, just order the INSIDER Bundle–four boxes for the price of three, best value they offer–and get early access to limited time flavors and cool surprise gifts along the way. ⁠⁠Gelt⁠⁠: → ⁠⁠joingelt.com/tyler⁠ because Q2 is where strategic businesses (like mine!) make game-changing tax moves. If you're a business or a high-net worth individual, I'd encourage you to check this one out today. ⁠ Keeper: → keepersecurity.com/tyler for 60% off personal and family plans for our podcast listeners only! Use this link, so they know we sent you. And now, on to the show notes!! We’ve been taught that saving money is responsible: Save for a rainy day. Delay gratification. Spend less. Save more. But what if the way most people save is actually making them slightly poorer? In this episode, Tyler challenges one of personal finance’s most sacred ideas: that keeping large amounts of money…

People in this episode

Host: Tyler Gardner

Topics covered

• personal finance
• savings
• wealth management
• inflation
• opportunity cost
• financial education

Keywords

• savings
• wealthy
• inflation
• opportunity cost
• financial advice
• personal finance

Sponsors

Facet, LMNT, Gelt, Keeper

Mentioned in this episode

Books & works: Real Wealth

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