Optimal Health Daily - Fitness and Nutrition

2582: The Random Walk Guide to Investing: Ten Rules for Financial Success by J.D. Roth of Get Rich Slowly

14 snips
Jun 2, 2024
Author J.D. Roth discusses Burton Malkiel's investment rules, emphasizing patience, discipline, and compound interest. Roth simplifies wealth-building with ten rules, stressing the importance of starting early, diversifying, and avoiding common financial mistakes.
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ADVICE

Start Saving Now

  • Start saving now, regardless of market conditions.
  • Trust in time and the power of compound interest.
ADVICE

Stay the Course

  • Maintain a steady course and prioritize saving consistently.
  • Develop discipline by paying yourself first, budgeting, and paying off debt.
ADVICE

Emergency Fund

  • Build an emergency fund in a secure account.
  • Consider money market accounts, CDs, or online savings accounts.
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