Consumption Smoothing Does Not Work

Timecodes:

0:00 - Intro
0:45 - Encourages ‘Good Debt’ Myth
1:47 - Encourage Credit Funded Lifestyle
2:49 - Encourage ‘Justification’ Mindset
4:03 - 1-1 Coaching
4:24 - Discourages Frugality
5:39 - Discourages Wealth Building Habits
6:45 - Not Factor External Economic Factors
7:48 - Assume We Know Our Future Lifestyle. Future Consumption Patterns.
9:20 - Doesn’t Incorporate Unexpected Life Events
10:09 - Encourages Boring Life
10:55 - Assume We Are Rational Robot

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DISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.