2992: Sensationalizing Risk by Dave of Accidental Fire on A Rational Approach to Financial Independence

Optimal Finance Daily - Financial Independence and Money Advice

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4d ago 11:32

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Episode 2992:

Dave of AccidentalFIRE.com explores how sensationalized media and misplaced fears can lead to poor decision-making, particularly regarding child safety and financial risks. By comparing perceived versus actual threats, he emphasizes the importance of focusing on long-term risks and cultivating a rational approach to financial independence.

Read along with the original article(s) here: https://accidentalfire.com/2017/12/19/sensationalizing-risk/

Quotes to ponder:

"Sure, in some cases knowledge can perhaps prevent injury or even death, but don’t fool yourself into thinking you can eliminate risk from your child’s life."

"Most people seem to focus on the possible short-term threats to their financial security, and ignore the longer term ones."

"To stay on track financially, you should assess the likelihood of a particular risk as compared to others especially with the timelines involved and act accordingly."

Episode references:

The Science of Fear: Why We Fear the Things We Shouldn't--and Put Ourselves in Greater Danger: https://www.amazon.com/Science-Fear-Shouldnt-Ourselves-Greater/dp/0452295467

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