Quotes About Wealth

Rule 1: don't lose money. Rule 2: see Rule 1. —WARREN BUFFETT'S RULES OF INVESTING

Sólo hay una forma de mantener su riqueza y es sencillamente ésta: gaste menos de lo que ingresa, e invierta la diferencia.

Asset allocation, where to park your money and how to divide it up, is the single most important skill of a successful investor. And as we will learn from the masters, it's not that complicated! Low-cost TDFs might be great for the average investor, but you are not average if you are reading this book!

Warren Buffett's top two rules of investing? Rule 1: don't lose money! Rule 2: see rule 1.

Remember Warren Buffett's ultimate laws of investing? Rule 1: don't lose money. Rule 2: see rule

Anyone who's become truly wealthy knows the truth—the only way to become wealthy, and stay wealthy, is to find a way to do more for others than anyone else is doing in an area that people really value.

If you conscientiously manage your investments for tax efficiency, your 7.5% allows you to double your investments in 9.6 years instead of 24 years! Now do you see the importance of both tax and fee efficiency?

how you are going to master money.

even if the majority agree that low cost index funds are the main ingredients).

Follow the money. Always follow the money.

Money can't change who we are. All

20% US Total Stock Index 20% Developed (Foreign) Markets Index 20% US REIT Index (Real Estate) 15% Long-term US Treasuries Index 15% US TIPS Index (Treasury inflation-protected) 10% Emerging Markets Stock Index

Whether we let money control us, or whether we take control of it.

Index your important money, then go have fun," Burton Malkiel told me. "It's better than going to the racetrack." But, he said, limit yourself to 5% or less of your total assets or portfolio.

The goal of the nonprofessional should not be to pick winners—neither he nor his "helpers" can do that—but should rather be to own a cross section of businesses that in aggregate are bound to do well. A low-cost S&P 500 index fund will achieve this goal. —WARREN BUFFETT, 2013 letter to shareholders

33% US Total Bond Index 27% US Total Stock Index 14% Developed (Foreign) Markets Index 14% Emerging Markets Stock Index 12% US REIT Index (Real Estate)

How you deal with money reflects how you deal with power. Is it an affliction or a blessing? A game or a burden?

65% US Total Stock Index 35% Intermediate-Term US Bond Market Index.

I said it before, but it's worth repeating: most of today's 401(k) plans allow you to simply "check a box," and your contributions will receive the Roth tax treatment. This decision means you pay tax today, but you never pay tax again!

And so what happens over and over again is the profits win and the investor seeking returns loses.

Often, many of those who have earned millions of dollars haven't developed a plan to sustain their lifestyle without having to work at least some of the time.

One of the key secrets if you really want to become wealthy: get in front of a trend.

If you want to be rich, start rich. What

Fifteen percent in intermediate term [seven- to ten-year Treasuries] and forty percent in long-term bonds [20- to 25-year Treasuries].