Finance professor Mo Milevsky explains why your “human capital” (your career, income, and life choices) should shape how you invest both when you're building wealth and when in retirement and why most people are taking the wrong kind of risk. 🤝 Want 1:1 financial help from us? Answer a few questions to find the right service & book free call: https://getmost.typeform.com/pod-episodes 🎉 Sponsors Vanta - Get your company secure and compliant: ⁠https://vanta.com/makingmoney Xero accountancy software - get 90% off for 6 months: https://referrals.xero.com/makingmoney - If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. 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 - Are You A Stock or A Bond? 06:55 - What’s Your Human Capital Worth? 12:43 - How Do You Diversify From Your Wife? 15:57 - Vanta Ad 17:04 - What’s Actually On Your Balance Sheet? 25:04 - Your Risk Adjusted Return Has Gone Down 27:13 - How To Invest Based On Your Job 33:10 - Xero ad 34:15 - Who Shouldn’t Invest In A Global Index? 37:51 - Is Risk Appetite A Silly Question? 43:48 - What Should Be The Default? 50:49 - Don’t Be Greedy in Retirement 01:00:57 - Damien’s Retirement Strategy