Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life
Every financial decision we make about our education, careers, jobs, lifestyles, marriages, retirement ages, Social Security, taxes, or investments affects our living standard – the income we get to spend and enjoy over our lifetimes. Yet, most of us make these decisions with no clear idea about their living‑standard impact. We typically rely on crude rules of thumb or take questionable advice from friends and family, media gurus, self‑described experts, and advisers who are frequently little more than self‑interested salespeople. We end up losing boatloads of money, feeling unhappy, and putting ourselves at risk. This book puts an end to that vicious cycle.
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