The concept of financial math is another foundational element of investing and good economic decision-making, and today we are carrying on the recent string of shows dealing with these kinds of fundamental aspects. First, we have a look at the central idea of the time value of money, and how this plays into many areas of our finances, such as retirement planning, spending, investing, and so on. From there, the conversation goes on to cover exponential functions, the tradeoffs between saving and spending, and regrets. Today's 60-second episode recap is of the great conversation we had with David Blitzer back on Episode 54, and we also do a quick book review of the potentially life-changing How to Live on 24 Hours a Day. We finish off this punchy episode with some news from the community and some thoughts on the ways in which competition and repetition can improve a skill.

Timestamps:
0:00 Intro
03:36 Main Topic 1: Financial Math
04:35 The Time Value of Money
09:34 Discounting
17:28 Compounding
24:24 Exponential Growth Bias & Hyperbolic Time Preference
38:05 Compounding & Regret
43:13 Expected Returns, Inflation & Taxes
50:47 Episode 54: 60 Seconds
53:54 Book Review: How To Live On Twenty-Four Hours A Day
58:08 Aftershow

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How to Live on Twenty-Four Hours a Day — https://amzn.to/3JLyDaz

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