Professor of economics at Boston University Laurence Kotlikoff shares an economics approach to financial planning. Laurence Kotlikoff explains why economics matter, and how they can be applied to banking, personal finance, and retirement strategy.

Professor Kotlikoff is a New York Times best-selling author and a frequent television and radio guest.  In 2014, The Economist named him one of the world’s 25 most influential economists. Professor Kotlikoff regularly features in the wall street journal, Bloomberg, Forbes, and yahoo finance.

Timestamps:

0:00 to 1:15 Introduction

1:16 to 9:26 Professor Kotlikoff’s backstory, journey, and how he became a professor of economics.

9:27 to 17:59 A brief history of economic thought.

18:00 to 19:30 The application of economics to almost everything

19:31 to 27:34 Professor Kotlikoff’s solution to fix the banking system 

27:35 to 35:95 An introduction to Maxifi financial planning software

35:96 to 43:58 An economist’s approach to personal finance

43:59 to 48:05 Professor Kotlikoff’s final thoughts and big takeaway for the episode

48:06 to 48:42 Wrap up

Hope you enjoy the episode and have a great day.

The FYR team.