In a World…Where Rules of Thumb Rule the Day
The world of finances has so many ‘rules of thumb’. Most of the time they’re pretty useful, but in some cases they can be really dangerous.
(If you’re looking for a new drinking game, try counting how many times we say Rule of Thumbs in this episode. It’s…a lot.)
You can help make Because Money happen for as little as $1 a month through Patreon. You can also support the show by listening, sending us questions, and giving us those pretty gold stars on iTunes.
Show Highlights
-
5:30 – John talks about what averages are actually good for
-
15:08 – Sandi breaks down how she figures out when you’re going to die
-
18:12 – Chris talks budgeting rules of thumb
-
24:11 – Rules of thumb VS customized advise
-
32:24 – Global warming and looking out for ‘future us’
-
38:23 – Does working with rules of thumb make finances seem more possible
-
45:00 – Is getting it wrong catastrophic?
