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March 28 · Issue #8 · View online
Email digest by Financery of the most interesting stories and blogs related to personal finance. Curated by Chuck.
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I had to take a two-week hiatus of publishing the digest, but I’m back this week with 3 great articles that stresses the big things of personal finances, why (just) saving your money won’t make you wealthy, and what will kill your investment returns.
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1. Get The Big Things Right
The things you need to retire early and rich. A house you can afford, a
used car and a good job. C: Concise, effective and to-the-point advice from this new blog I stumbled upon. Arguably, nothing will improve your finances more than making the right decisions in these areas.
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2. Quit Saving Your Money
If you want financial freedom it’s not about working harder, or smarter, or longer. It’s about making the shift from working for money to having your money work for you, and you can’t do that by saving, you have to invest. C: An original reminder by Chris that saving your money is not enough, you have to invest. Compound interest is not called the 8th wonder of the world for nothing.
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3. How to Minimize Investment Returns – By Warren Buffett
If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the fourth law of motion: For investors as a whole, returns decrease as motion increases. C: You followed Chris’s advice, you don’t just save your money, you invest. Be careful though, nothing will kill your returns quicker than fees off the top, as this excerpt from a Warren Buffett letter shows.
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Simply reply to this email. I read and respond to everything. – Chuck
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