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Nick's core message here is that up to a certain point, your contributions are the single biggest determinant of your portfolio performance. Unless you have a really, really big portfolio, you should be focused more on shoveling money into it than trying to eke out an extra couple percent as a return. Nick also describes the two X rule as a guideline when thinking about how we spend. And by the way, investments don't simply mean an index fund portfolio. Your investments could also include a portfolio of rental properties, or maybe you're a silent investor in a chain of privately held businesses like laundromats or vending machines.
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