Personal finance is one of the rare areas of life where someone earning $35,000 & someone earning $1M have access to the same winning strategies
Pick a low-cost index fund, automate, & move on with life
A lot of people genuinely believe that rich people have some secret investments that they don't have access to
A lot of people genuinely believe that rich people have some secret investments that they don't have access to
Yes, wealthy people have access to things the average person doesn't β but most of those are BAD investments!
They fail to bear the market most of the time!
They fail to bear the market most of the time!
To put it in perspective, I could invest in lots of "advanced" things like angel investments, PE, hedge funds, etc...but I intentionally choose not to
The vast majority of my net worth is in low-cost index funds
The vast majority of my net worth is in low-cost index funds
You can learn more about this in Chapter 6 of my book
And if you havenβt picked it up yet, you can start here: iwt.com
And if you havenβt picked it up yet, you can start here: iwt.com
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