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Over the years I have come across any number of people embracing life on their own terms. They are intent on breaking the shackles of debt, consumerism and limiting mindsets, and living free. They are filled with ideas and courage. This freedom, to me, is the single most valuable thing money can buy and it’s why I offer you the strategies in this book. Yerlan's notes 15 notes

It's not hard. Stop thinking about what your money can buy. Start thinking about what your money can earn. And then think about what the money it earns can earn. Once you begin to do this, you'll start to see that when you spend money, not only is that money gone forever, the money it might have earned is gone as well. And so on. Aigerim Rkh's notes 2 notes

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17 notes from readers tracking it

Aigerim Rkh

It's not hard. Stop thinking about what your money can buy. Start thinking about what your money can earn. And then think about what the money it earns can earn. Once you begin to do this, you'll start to see that when you spend money, not only is that money gone forever, the money it might have earned is gone as well. And so on.

Aigerim Rkh Aug 27, 2023

Yerlan

Over the years I have come across any number of people embracing life on their own terms. They are intent on breaking the shackles of debt, consumerism and limiting mindsets, and living free. They are filled with ideas and courage. This freedom, to me, is the single most valuable thing money can buy and it’s why I offer you the strategies in this book.

Yerlan Aug 13, 2023

Yerlan

As individuals we only have one obligation to society: to ensure we, and our children, are not a burden to others. The rest is our personal choice. Make your own and make the world a far more interesting place.

Yerlan Aug 13, 2023

Yerlan

You can withdraw up to 7% as long as you remain alert and flexible. That is, if the market takes a huge dive, cut back on your withdrawals and spending until it recovers.

Yerlan Aug 12, 2023

Yerlan

Withdrawing 3% or less annually is as near a sure bet as anything in this life can be. Stray much further out than 7% and your future will include dining on dog food.

Yerlan Aug 12, 2023

Yerlan

Before you start trying to pick individual stocks and/or fund managers ask yourself this simple question: “Am I Warren Buffett?” If the answer is “no”, keep your feet firmly on the ground with indexing.

Yerlan Aug 5, 2023

Yerlan

The three tools: 1. Stocks: VTSAX ( Vanguard Total Stock Market Index Fund) - a wealth builder 2. Bonds: VBTLX (Vanguard Total Bonds Market Index Fund) - an inflation hedge 3. Cash: VMMXX (Vanguard Prime Money Market Fund) - a deflation hedge

Yerlan Aug 5, 2023

Yerlan

Two possible economic disasters can destroy wealth on a major scale: (deflationary depression e.g. 1929) and hyperinflation.

Yerlan Aug 3, 2023

Aigerim Rkh

http://money.usnews.com/money/personal-finance/mutual-funds/ articles/2013/06/10/are-there-too-many-mutual-funds

Aigerim Rkh Aug 27, 2023

Yerlan

I called my not-yet-then-but-soon-to-be wife😂

Yerlan Aug 13, 2023

Yerlan

Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy. - Groucho Marx

Yerlan Aug 12, 2023

Yerlan

But it will mean that you have adjusted your investing to your psychology rather than the other way around.

Yerlan Aug 12, 2023

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