I Will Teach You to Be Rich, Second Edition: No Guilt. No Excuses. No BS. Just a 6-Week Program That Works

your time, which is often more valuable than money.

In 1924, mutual funds, which are just baskets filled with different types of investments (usually stocks), were invented.

They should never have invested in all equities.

So the way I see it, my role in the position can be broken down into three main areas: A, B, and C. I think I’m doing pretty well with A, and I’m picking up B pretty rapidly. And I need a little help with C, as we’ve discussed before. Does that sound about right to you?

Anyway, “dollar-cost averaging” is a phrase that refers to investing regular amounts over time, rather than investing all your money in a fund at once.

They’re the expenses you cringe at, the ones you shrug and roll your eyes at, and say, “Yeah, I probably spend too much on _______.”

It involves getting more credit to improve something called your credit utilization rate, which is simply how much you owe divided by your available credit. This makes up 30 percent of your credit score. For example, if you owe $4,000 and have $4,000 in total available credit, your ratio is 100 percent (($4,000/$4,000) x 100), which is bad. If, how

have that much money lying around, I’ll show you how to put it to work in Chapter 7 and earn more than any bank could give you.

“We don’t try to match the market. We focus on asset preservation.” Did you catch that? What they mean is: “Our investment returns will be below what you could get from a cheap Vanguard fund.”