<p>Save with the idea that the world breaks every few years — a recession, a pandemic, a terrorist attack. These events rock the economy and crush the stock market. It’s been like that forever and it’ll be like that forever.</p><p>The only way to endure that world is to save like a pessimist: keep a big emergency fund, avoid too much debt, and always have a backup plan.</p><p><strong>Save your money like a pessimist and invest your money like an optimist.</strong></p>

The Reason To Save

<p>Invest knowing that if you can endure the short-term chain of financial disappointments and setbacks, things usually get better. People are good at solving problems and becoming more productive. We rebuild. We’re amazing at innovating.</p><p>Saving like a pessimist is what lets you stick around long enough for your long-term investments to actually grow, compound, and benefit from society’s progress.</p>

Investing Like An Optimist

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Morgan Housel’s simple philosophy on how to save and invest.

moneyandinvestments

Money & Investments

“Entertaining, informative, keeps you coming back for more...”

The podcast for awesome builders, schemers, and dreamers.

Save like a pessimist, invest like an optimist

The Reason To Save

Investing Like An Optimist

Jacob Michael's ideas are part of this journey:

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