And Im back with another chapter. Working on your financial health is key. Remember that financial con artists thrive by talking you into trustingthem and by talking you out of investigating them. Before you placeyour financial future in the hands of an adviser, it’s imperative that youfind someone who not only makes you comfortable but…
We recommended that the investor divide his holdings betweenhigh-grade bonds and leading common stocks; that the proportionheld in bonds be never less than 25% or more than 75%, with theconverse being necessarily true for the common-stock component;that his simplest choice would be to maintain a 50–50 proportionbetween the two, with adjustments to restore the equality…
If you have neither the time nor the inclination to do quality research on your investments, then investing in an index is a good alternative. Graham said that the defensive investor could get an average return by simply buying the 30 stocks of the Dow Jones Industrial Average in equal amounts. Both Graham and Buffett said that getting even an average…
The nominal rate we earn is printed in the bank’sads and posted in its window, where a high number makes us feelgood. But inflation eats away at that high number in secret. Instead oftaking out ads, inflation just takes away our wealth. That’s why inflationis so easy to overlook—and why it’s so important to measure…
Awake, arise, and assert yourself, you dreamers of the world. Your star isnow in the ascendency. The world depression brought the opportunity you havebeen waiting for. It taught people humility, tolerance, and open-mindedness.The world is filled with an abundance of OPPORTUNITY which thedreamers of the past never knew.A BURNING DESIRE TO BE, AND TO DO…
Write out a clear, concise statement of the amount ofmoney you intend to acquire, name the time limit for itsacquisition, state what you intend to give in return for the money,and describe clearly the plan through which you intend toaccumulate it.Read your written statement aloud, twice daily, oncejust before retiring at night, and once after…
Yes, I am back with another book and this one is really fun. This might just be my favorite book so far. I loved the energy and creativity I put into this. The sheer challenge of making sure I didnt do anything cliche was thrilling. There are 22 stories. Each story has its own art…
Create a definite plan for carrying out your desire,and begin at once, whether you are ready or not, to put this planinto action. How to think and grow rich Do it now, dont overplan You know the saying, “If you want something done, ask a busy person to do it.” Well, that’s because busy people…
Determine exactly what you intend to give in returnfor the money you desire. (There is no such reality as “somethingfor nothing.) How to think and grow rich building wealth requires sacrifice You can’t become wealthy without making some sacrifices. You’ll have to give up some of your time, energy, and resources in order to build…
First. Fix in your mind the exact amount of money youdesire. It is not sufficient merely to say “I want plenty of money.” Bedefinite as to the amount. (There is a psychological reason fordefiniteness which will be described in a subsequent chapter).Second. Determine exactly what you intend to give in returnfor the money you desire.…