• #180 - The $18 Million Reality- A Millionaire Today Isn’t What It Used to Be

  • Oct 8 2024
  • Length: 26 mins
  • Podcast

#180 - The $18 Million Reality- A Millionaire Today Isn’t What It Used to Be

Listen for free

View show details

  • Summary

  • In this episode, we explore why $1 million today doesn’t hold the same power as it did in the past. Did you know it would take $18 million in today's dollars to match the purchasing power of a 1929 millionaire? We dive into cognitive biases like money illusion, anchoring, and status quo bias, explaining why so many people still cling to the notion of wealth that no longer applies. Learn how inflation has shaped our perceptions of what it means to be "rich."

    A podcast that blends the nuts and bolts of financial advice with the emotions that drive making them.
    Rick Kahler, CFP®, CFT-I™, has helped people make better money decisions by integrating financial planning. He blends the nuts and bolts of financial advice with the emotions that drive making them and shares them on his financial therapy podcast.

    Show more Show less
Show more Show less
activate_Holiday_promo_in_buybox_DT_T2

What listeners say about #180 - The $18 Million Reality- A Millionaire Today Isn’t What It Used to Be

Average customer ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com reviews

Amazon reviews
No Reviews are Available