In a recent podcast episode, Dr. Thomas Mathar, a behavioral economist, discusses the importance of financial wellbeing in the context of a 100-year life. He emphasizes the mental challenges of long-term financial planning, the differences in financial habits between Germany and the UK, and the significance of a healthy money mindset. Mathar also introduces the 50-30-20 budgeting rule and draws lessons from literature, highlighting that true wealth encompasses more than just financial independence.
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