I created an automated system to help you crush your savings — The average person has more than 6,000 thoughts per day — or 6.5 thoughts per waking minute. With that much thinking, it’s a miracle we can stay focused enough to remember any non-essential task. Our easily distracted minds are a major reason most people fail to stick with their savings…

Plus five tips on guilt-free spending — We’ve all experienced how painful it is to get paid on Friday, blow our entire budget by Monday, and wait 12 more days until payday. This is an extreme example of “the bottom dollar effect,” which describes how spending the last dollar you had budgeted diminishes your enjoyment of whatever…

If you’re excited about what you’re investing in, odds are it’s a bad investment. — Don’t let your money die so you can express your beliefs. That’s what most investors do when they buy so-called “thematic” ETFs. Thematic investing is a bit of a squishy term but generally refers to a fund that invests in companies that some think will benefit from societal and technological…

Plus, living your dreams as an average person and how to prevent money from damaging your mental health — Hi, My name is Ben Le Fort, creator and editor of Making of a Millionaire, a publication dedicated to helping you use money to live your best life. If you want to receive future editions of this newsletter, you can sign up right here to keep getting them every Sunday.​ Quote Of The Week …

Modern life has made it far too easy to spend money — Opportunity cost is one of the most important concepts in economics — and many people ignore it. Put simply, opportunity cost is the potential gain we give up by choosing one option over another. Most people think of opportunity cost in the context of investing; How much money is given…

#9- Give back to causes that make the world a better place — How much money we have and how we choose to use our money dictate many of our day-to-day decisions; Where we live What we eat How we entertain ourselves Money plays a role in nearly every decision we make. If you have high levels of stress in your life, there’s…

Plus, how credit card companies get you to overspend and see yourself as a growth stock — Hi, I am Ben Le Fort, creator and editor of Making of a Millionaire, a Medium publication dedicated to helping you use money to live your best life. This is a reprint of the Making of a Millionaire Weekly Review — A newsletter roundup of the most impactful recent stories…

The road is a lot bumpier than it looks like in a spreadsheet — If you’re going to invest in the stock market, you need to accept an inescapable truth: There is no such thing as an “Average year” in the stock market. You’ve heard financial advisors and writers say that the historical long-term returns in the stock market have been around 10% per…

Does a recession mean the stock market will crash? — Here’s what might be the most damaging sub-genre of the “Are we in a recession headline” that the media shoves in our faces every day: “Here’s how to invest your money for the upcoming recession” I roll my eyes at these types of articles for three reasons. It presumes that…