2019-10-12 Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School Flashcards
1
Q
How to spend like you want to grow rich?
A
Donβt chase the status (Brand new cards, etc.), buy used and only what brings you the biggest amount of value for your dollars.
2
Q
What is your greatest investment ally?
A
COMPOUND INTEREST!
3
Q
What does this book recommend investing in?
A
Index funds (Vanguard)
4
Q
Why are mutual funds a bad investment, even if they have previously beaten the index?
A
Not only canβt previous returns predict future returns, the fees associated with holding mutual funds makes them really expensive and less profitable than riding the index.
