Open in app

Sign In

Write

Sign In

Mastodon
Ben Le Fort
Ben Le Fort

83K Followers

Home

Books

About

Featured Book

See all (3)

The Investor's Mindset
The Investor's Mindset

Whether you're an investment veteran or just starting out, this collection of concise finance lessons will teach you how to invest your money and build wealth.

2023

·
Ben Le Fort
Ben Le Fort

Stories

Published in

Making of a Millionaire

·2 days ago

Willpower Is a Myth That Harms Your Health and Wealth

Practical tips to avoid impulsive decisions — The more you learn to control your impulses, the more freedom you will have. In this edition of the Money on my Mind series, I review the restraint bias — which refers to the fact that people overestimate their self-control and ability to resist impulsive decisions. I’ll touch on how…

Money

5 min read

Willpower Is a Myth That Harms Your Health and Wealth
Willpower Is a Myth That Harms Your Health and Wealth
Money

5 min read


Published in

Making of a Millionaire

·4 days ago

How Good Storytellers Manipulate and Mislead in Personal Finance

The Dark Side of the Power of Story Telling — Storytelling is a powerful tool — and one that is often abused. Stories — which can be factual or completely made up — shape people’s beliefs more than research and data. In this edition of “Calling Financial Bull$hit,” I review research that explains how stories manipulate people and why you…

Psychology

6 min read

How Good Storytellers Manipulate and Mislead in Personal Finance
How Good Storytellers Manipulate and Mislead in Personal Finance
Psychology

6 min read


Published in

Making of a Millionaire

·Jun 1

Defeating Hindsight Bias: Keys to Smarter Investing

How hindsight bias tricks you into thinking, “you knew it all along” — “Hindsight bias makes surprises vanish. “ -Daniel Kahneman They say hindsight is 20–20. Hindsight feels like it’s 20–20, but in reality, it’s closer to a funhouse mirror, providing a distorted version of reality. In this entry in the Money on my Mind series, I discuss how “hindsight bias” impacts financial…

Investing

4 min read

Defeating Hindsight Bias: Keys to Smarter Investing
Defeating Hindsight Bias: Keys to Smarter Investing
Investing

4 min read


Published in

Making of a Millionaire

·May 30

Is the 4% Rule Useful or Bull$hit?

Examining the most popular rule of thumb in retirement planning — As a rule of thumb, you should never live your life based on rules of thumb. In this edition of Calling Financial Bull$hit, I look at the most influential rule of thumb in retirement planning; the 4% rule, and decide whether the 4% rule is worthy of its popularity or…

Money

6 min read

Is the 4% Rule Useful or Bull$hit?
Is the 4% Rule Useful or Bull$hit?
Money

6 min read


Published in

Making of a Millionaire

·May 28

Stop Doing These 10 Things If You Want To retire

Plus, the Gambler’s Fallacy and 3 things Homeowners ignore — Welcome back to the MOAM weekly roundup, where you get three money articles published on Making of A Millionaire delivered straight to your inbox every Wednesday. If someone forwarded you this newsletter, you can click here to subscribe. To Retire Forever (And Do the Work You Love), Stop Doing These 10 Things Written by: Eve Arnold If you have an obsession, I can’t imagine…

Money

3 min read

Stop Doing These 10 Things If You Want To retire
Stop Doing These 10 Things If You Want To retire
Money

3 min read


Published in

Making of a Millionaire

·May 25

What the George Forman Grill and Canadian Weed Stocks Have in Common

How the Bandwagon Effect impacts your money — “Those who follow the crowd usually get lost in it.” -Anonymous The bandwagon effect is exactly as it sounds; it describes the fact that people are more likely to do something if they know many others are doing it. The first time I became aware of the bandwagon effect was…

Money

6 min read

What the George Forman Grill and Canadian Weed Stocks Have in Common
What the George Forman Grill and Canadian Weed Stocks Have in Common
Money

6 min read


Published in

Making of a Millionaire

·May 23

Escaping the Gambler’s Fallacy: Mastering Numeracy for Financial Success

What goes up must come down? A myth that hurts investors — If you’ve ever spent 10 minutes at a roulette table, you’ve probably seen the following scenario play out: A gambler is trying to decide whether to put their money on Red or Black. They look at the electronic sign that shows what numbers have recently hit. They see that the…

Money

5 min read

Escaping the Gambler’s Fallacy: Mastering Numeracy for Financial Success
Escaping the Gambler’s Fallacy: Mastering Numeracy for Financial Success
Money

5 min read


Published in

Making of a Millionaire

·May 18

To Win in the Stock Market, All You Need to Do Is Own “The winners”

Here’s the only way to guarantee you own the winners BEFORE they win — If you want to make money investing in the stock market, you need to be invested in the handful of stocks that will drive nearly all future returns in the stock market. That might sound like an endorsement of stock picking or investing in actively managed mutual funds. It’s quite…

Investing

5 min read

To Win in the Stock Market, All You Need to Do Is Own “The winners”
To Win in the Stock Market, All You Need to Do Is Own “The winners”
Investing

5 min read


Published in

Making of a Millionaire

·May 15

How Much Money Is Needed for Maximum Happiness?

It depends… On a lot of factors — Here’s a question I have never seen a comprehensive answer for by a personal finance writer before: How much money do you need to make to maximize your happiness? In a past article, I reviewed a research paper that debunked the myth that happiness peaks when someone makes $75,000 per…

Money

7 min read

How Much Money Is Needed for Maximum Happiness?
How Much Money Is Needed for Maximum Happiness?
Money

7 min read


Published in

Making of a Millionaire

·Updated May 11

Your Money Or Your Life?

How the “framing effect” impacts our financial decisions — You walk into Walmart, and you see two cans of bug spray. The first can says, “kills 99% of bugs.” The second says, “leaves 1% of bugs alive.” Odds are you will buy the first bottle because it emphasizes killing the bugs (the result you want), and the second emphasizes…

Money

7 min read

Your Money Or Your Life?
Your Money Or Your Life?
Money

7 min read

Ben Le Fort

Ben Le Fort

83K Followers

Book Author

Editor of Making of a Millionaire. Author of “The Investor's Mindset." Here's my Substack: https://benlefort.substack.com/

Following
  • Cait Mack

    Cait Mack

  • Sean Kernan

    Sean Kernan

  • Rocco Pendola

    Rocco Pendola

  • The Good Men Project

    The Good Men Project

  • Tim Denning

    Tim Denning

See all (315)

Help

Status

Writers

Blog

Careers

Privacy

Terms

About

Text to speech

Teams