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Episode 2764:
Mr. Money Mustache explains why focusing on hardcore saving can be more impactful than striving for masterful investing. He emphasizes that while achieving exceptional investment returns is rare and unpredictable, consistently saving a significant portion of your income guarantees substantial financial growth and security.
Read along with the original article(s) here: https://www.mrmoneymustache.com/2011/04/26/why-hardcore-saving-is-much-more-powerful-than-masterful-investing/
Quotes to ponder:
"By concentrating on SAVING rather than minute details of investing, you are stacking the odds in your favor while also freeing up time for the real deal - maximizing your fun in a cash-efficient way."
"When it comes to investing, I’ve put a much bigger focus on how much I’m investing rather than the return on those investments."
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Optimal Finance Daily - Financial Independence and Money Advice