Over-compensate to reach your financial goals

Let’s imagine you’re in your early thirties, have no savings, but have recently read my book and now understand that through a disciplined program of saving and investing over the next 20 years, you still have time to secure a comfortable financial future. You’ve...

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Fred Schwed’s definition of Speculation

Speculation is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little. — Fred Schwed    

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A cautionary tale of investing

The story of a friend who started investing, but didn’t stay the course—illustrating why it’s important to understand that a successful long-term investment journey is very likely to include short-term periods of loss.

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Nobody knows the future — Predicting the price of oil

In Money for Something, we talk about the importance of investing in a diversified portfolio of passive assets that track entire markets because of the overwhelming data that demonstrates that nobody can predict the market. Along those lines, I wanted to give an...

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Investing vs Speculating

A critically important concept to understand is the difference between investing and speculating. Harry Browne defined it best in his book, Fail-Safe Investing: When you invest, you accept whatever return the markets are paying investors in general. When you...

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Lifecycle investing — How to invest over a lifetime

We live in an age in which the responsibility for providing for one’s financial needs during retirement mostly lies on the individual. A historically successful approach involves persistent saving and investing according to the fundamentals introduced in my book,...

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How to track crowd-source real estate investments in iBank

For the past several months, I’ve been experimenting with crowd-sourced real estate (P2RE) investing, having placed investments at RealtyShares, RealtyMogul, Fundrise and Patch of Land. In this article, I outline how I track the performance of these investments using...

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The opportunity cost of spending today

The power of compounding interest can be understood through the “rule of 72”—i.e. the number of years it takes to double your money is approximately equal to 72 divided by your rate of return. For example, assuming your invested savings compound at a rate of 7%, you...

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Download the eBook for free!

Unlock your financial future! Download Money for Something, and you’ll get a beautifully designed ebook in PDF, Kindle and iBooks (ePub), formats. And best of all, it’s free!

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