1924: The One Question Successful Investors Always Ask Themselves by Chris Reining on Assessing Your Investments

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 13 June 2022

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Chris Reining shares the one question successful investors always ask themselves Episode 1924: The One Question Successful Investors Always Ask Themselves by Chris Reining on Assessing Your Investments Chris Reining is a thirty-something guy who provides resources to help manage your money and career to become financially free. His own path to financial freedom has had ups and downs, which is what he writes about on his site. He's been featured in the New York Times, on the Today Show, CNN, CBS, Business Insider, LifeHacker, and more. The original post is located here: https://chrisreining.com/buy-it-now/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, episode 1924.
0:04.0	The one-question successful investors always ask themselves
0:08.3	by Chris Rining of ChrisRining.com.
0:11.6	And I'm your host and personal finance enthusiast, Diana Mariam.
0:16.2	We're going to get right to today's post
0:18.4	as we optimize your life.
0:24.3	The one-question successful investors always ask themselves
0:28.8	by ChrisRining of ChrisRining.com.
0:33.2	Imagine taking a six-hour flight from New York to Los Angeles.
0:37.4	But right before taking off, you learn
0:39.7	the airline has a new policy.
0:41.9	Reclining your seat is negotiable.
0:45.1	This poses two questions.
0:47.4	First, how much are you, the recliner,
0:50.4	willing to pay the person behind you, the recliner,
0:53.9	in order to push your seat back four inches?
0:57.0	Second, what does your legroom cost the recliner?
1:01.2	Researchers ran an experiment and found that recliners
1:04.4	were only willing to pay about $12 to recline.
1:08.0	While recliners weren't willing to sell their legroom
1:11.2	for less than $39.
1:13.8	The difference can be explained by what behavioral economists
	...

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