Ep. 2256 Financial Traps Everyone Falls Into
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 20 December 2022
⏱️ 37 minutes
🧾️ Download transcript
Summary
There's so much bad financial and life advice out there that it's no wonder people often go so dreadfully wrong. Luke Tatum joins me for a review of the conventional wisdom and what people should do instead.
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Transcript
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| 0:00.0 | The Tom Woods Show, Episode 2256. |
| 0:03.2 | Prepare to set fire to the index card of allowable opinion. |
| 0:07.8 | Your daily dose of liberty education starts here. |
| 0:11.4 | The Tom Woods Show. |
| 0:14.4 | Hey, everybody. We all know it is time for us to break up. |
| 0:17.2 | But everybody's status quo bias is standing in the way of this obvious and humane solution. |
| 0:23.7 | Check out my brand new ebook called National Divorce, |
| 0:27.5 | the peaceful solution to irreconcilable differences, |
| 0:30.7 | which you can get for free at nationaldivorce.com. |
| 0:35.2 | Hey, everybody. Tom Woods here. I am delighted to welcome to the show Luke Tatum, |
| 0:39.1 | who is CEO of Perfect Spiral Capital. |
| 0:42.2 | And for our purposes, the significance of Luke's presence here is his brand new book |
| 0:49.2 | Between the Lies, How to Reclaim Your Future from the Banks and Wall Street. |
| 0:54.2 | So Luke, welcome. |
| 0:55.4 | Thank you very much. I'm happy to be here. |
| 0:57.3 | All right, let's dig into this by starting off with an overview of where people go wrong. |
| 1:03.1 | When people think about work and money and saving and the future and retirement, |
| 1:09.9 | is there a narrative that they're following that is warped in some way? |
| 1:15.1 | I certainly think so. Yes, that's a great starting point. |
| 1:18.9 | So what I really see out there and what I've seen being taught by financial offices, financial firms, |
| 1:27.5 | big name places that you see in every street corner of every major city is, |
| 1:32.7 | well, hey, through every dollar you can possibly manage to into your tax qualified retirement plans, |
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