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Ben Le Fort

The Psychology Of Poverty

Published 7 months ago • 2 min read

The MOAM Weekly Review

Top posts from this week to help you make better money decisions

Hi, My name is Ben Le Fort, creator and editor of Making of a Millionaire, a publication dedicated to helping you use money to live your best life.

Welcome to the Making of a Millionaire weekly review. Think of this email as your personal finance appetizer. If you want the whole meal, you can unlock my entire archive of articles, books, and tools to help you use money to live your best life by subscribing to the MOAM Substack here.


Quote Of The Week

"The stock market is filled with individuals who know the price of everything but the value of nothing."
- Philip Fisher

The 3 Money Articles Of The Week

The Psychology Of Poverty

In this post, I review the findings from a 2014 paper on how poverty and the stress that comes with it cause us to make bad financial decisions that can further entrench someone in poverty.

No, Happiness Does Not Plateau at $75,000 per Year

Of course, money buys happiness. But not because it allows us to buy fancy toys and live in a big house. Money buys what all of us desire: freedom and a sense of control over our lives.

In this article, I review compelling research that debunks the myth that our enjoyment of life maxes out when we earn $75,000 per year.

Here's Why Extroverts Might Struggle to Build Wealth

In this post, I will review research highlighting how your personality traits may help (or hurt) your ability to build wealth.


Join the Monthly Savings Club

Research shows that people who participate in group savings groups dramatically increase their savings and the likelihood they stick to their savings plan.

If you are struggling to stay the course with your financial goals, join the MOAM Savings Club.

On the first Monday of each month, you receive an email in which I remind you of the goals you set, and you participate in a poll about whether you achieved your savings goal last month.

A Final Thought From Me

For more bite-sized financial wisdom, follow me on Notes.


Cheers,

Ben

Founder of Making of a Millionaire

Author of The Financial Freedom Equation & The Rational Investor


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Ben Le Fort

Helping You Make Better Financial Decisions

I write evidence-based personal finance and investing articles to help you get smart with money. Subscribe to receive a weekly round-up of research and resources to help you use money to live your best life. Want to get in touch? Send me an email to info@benlefort.com

Read more from Ben Le Fort

The MOAM Weekly Review Helping you make better money decisions Hi, My name is Ben Le Fort, creator and editor of Making of a Millionaire, a publication dedicated to helping you use money to live your best life. Welcome to the Making of a Millionaire weekly review. Think of this email as your personal finance appetizer. If you want the whole meal, you can unlock my entire archive of articles, books, and tools to help you use money to live your best life by subscribing to the MOAM Substack...

7 months ago • 1 min read

The MOAM Weekly Review Top posts from this week to help you make better money decisions Hi, My name is Ben Le Fort, creator and editor of Making of a Millionaire, a publication dedicated to helping you use money to live your best life. Welcome to the Making of a Millionaire weekly review. Think of this email as your personal finance appetizer. If you want the whole meal, you can unlock my entire archive of articles, books, and tools to help you use money to live your best life by subscribing...

7 months ago • 1 min read

The MOAM Weekly Review Top posts from this week to help you make better money decisions Hi, My name is Ben Le Fort, creator and editor of Making of a Millionaire, a publication dedicated to helping you use money to live your best life. Welcome to the Making of a Millionaire weekly review. Think of this email as your personal finance appetizer. If you want the whole meal, you can unlock my entire archive of articles, books, and tools to help you use money to live your best life by subscribing...

7 months ago • 1 min read
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