How would you plan your best economic life to raise the chances you achieve your preferred set of outcomes?
Your outcomes will differ from mine and those of every other reader, and not all of them will be financial.
Living needs financing.
The majority of us share a desire for a better financial life. There is always room for the other elements of well-being, as presented by Netemeyer et al: good relationships, job satisfaction, and health. Here, we weave “living standard” into the goal of your best economic life.
How do you achieve your best living standard? You can get to your magic number. The story is day 4 of life-cycle economics. Notes are ready for paid subscribers and VIPs. Below is one of them.