Don't Let Outdated Money "Rules" Turn Your Retirement Plan into an Antique
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Don't Let Outdated Money "Rules" Turn Your Retirement Plan into an Antique
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"Save more than you spend" sounds like a timeless piece of money advice, as true today as it was two hundred years ago.
But in the mid-1800s, many folks believed you needed to spend your money as soon as possible. In fact, saving too much back then could lead to financial ruin!
That's just one example of how Americans' attitudes about money have evolved throughout history. But it's not just rules of thumb and hand-me-down wisdom that's changed. It's the nature of money and our relationship to it.
On today's show, we welcome author Joseph S. Moore to discuss his new book, How to Get Rich in American History: 300 Years of Financial Advice That Worked (& Didn't), and the surprising ways five money philosophies have shifted over time.
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