Have you ever thought about how an economist views financial planning? Would you guess that it’s vastly different from how some financial planners approach this work? Today’s guest, Laurence Kotlikoff, is a Professor of Economics at Boston University. The Economist named him one of the world’s 25 most influential economists in 2014. And he’s here to tell us this: “What we, as economists, are saying with respect to personal financial matters — in terms of our advice — is almost a complete right-angle as to what conventional advice is providing on every topic. How to invest, how to think about investment risk, how to do basic planning for retirement, everything – every single thing – is quite different.” Professor Kotlikoff has written 19 books and hundreds of professional articles and Op-Eds. He is a New York Times best-selling author, and his columns have appeared in The New York Times, The Wall Street Journal, The Financial Times, The Boston Globe, Bloomberg, Forbes, and other major publications. Beyond becoming familiar with the four central tenets of economics-based financial planning, Laurence also shares his perspective on: -- Why prices are rising and the impact we might see from inflation -- What the best investments are in this market -- How paying off debt puts you in a stronger position -- Why you might not want to invest until you pay off that debt -- Paying off your mortgage vs. investing in the market -- Why stocks aren’t safer in the long-run For a nuanced discussion on the thoughts he shared with us during the interview, make sure you stick around for our key takeaways. _______________ Subscribe via iTunes: https://affordanything.com/itunes Full show notes for the episode: https://affordanything.com/episode329 Get our show notes in your inbox: https://affordanything.com/shownotes Follow us! IG: https://instagram.com/paulapant Twitter: https://twitter.com/affordanything FB: https://facebook.com/affordanything Community: https://affordanything.com/community #affordanything #behavioralfinance #economics