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Episode 2582:
Explore financial independence through simple, practical advice in J.D. Roth's discussion of Burton Malkiel’s The Random Walk Guide to Investing. Roth distills a lifetime of investment wisdom into ten straightforward rules, emphasizing the importance of patience, discipline, and the power of compound interest. Whether you're a seasoned investor or just starting out, this episode offers invaluable insights into building wealth and securing your financial future.
Read along with the original article(s) here: https://www.getrichslowly.org/the-random-walk-guide-to-investing-ten-rules-for-financial-success/
Quotes to ponder:
"The advice in this book is both simple and realistic. There is no magic potion in the investment world because the truth is that one doesn't exist."
"Paying off credit card debt is the best investment you will ever make."
"The secret to getting rich slowly (but surely) is the miracle of compound interest."
Episode references:
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing: https://www.amazon.com/Random-Walk-Down-Wall-Street/dp/0393330338
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