Erik Angner is a PhD economist, philosopher, and author of ‘How Economics Can Save the World’. Does economics truly hold the answers to the world’s biggest problems—including how to build wealth? ⛑️ Financial health check & free guides Learn how to build long-term wealth in the UK: https://linktr.ee/makingmoneypod 🤝 Improve your finances with our adviser service - book free consultation: https://makingmoney.email/financial-advisors-video 🎉Sponsors Vanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney Tide - Get 4.07% AER Variable for your business account: https://tide.co/offers/makingmoneyq1 MoneyWeek - Get 6 editions of quality financial journalism for free: https://moneyweek.com/makingmoney ✉️ Get a summary of this episode through our newsletter: Sign up: https://makingmoney.email/S5E9 Disclaimer: This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00 - Intro 00:39 - Should we listen to economists? 09:24 - What causes you to make investing mistakes? 17:21 - Tide ad 18:14 - The right way to invest 23:23 - When does money = happiness? 25:19 - How to save for the future 30:16 - What makes you happy? 35:28 - How to approach saving 41:09 - Vanta ad 41:59 - What burger sales tell us about financial literacy 44:48 - How do you know if you don’t know something? 52:14 - Every Get-Rich-Quick schemes is a scam 57:00 - Can economics make you a better parent? 01:04:31 - Can economics fix climate change? 01:12:17 - Check your financial health