Wealth provides independence and security. For our purposes, wealth is a relative thing; something you define, in reasonable terms, for your situation. I approach wealth in terms you can understand and achieve. Words: 572

Few people formally plan much in their lives. Usually, that shows they don’t know where they are going. Living life without a plan is analogous to sitting in a drifting boat. You know the direction of the drift, but not the ultimate destination. Words: 1802

If you are unwilling to save, save some time by ignoring this book. Stop reading right here! Savings are an absolute prerequisite for wealth creation. Without savings, there can be no wealth. Read that sentence a few times. It is an immutable fact. Words: 800

Understanding the creation of wealth is easier than achieving it. Achieving it also requires commitment, behavioral change, and sacrifice. If you are interested in success, regardless of how you define it, take charge of your life. Planning is essential. Happiness, regardless of what that implies, requires commitment and planning. Do not depend on luck! Do not think that you may win the lottery. Words: 1362

A road map to wealth is a timeline of dollars expected along the way and this chapter explains how to do so. Words: 1593

The Opportunities & Risks Index has been an extremely accurate bottom predictor over the past decade and has also been a good predictor for future corrections.

Diversification allows us to either reduce risk for the same level of expected return or increase expected returns for the same level of risk and below are arguments for diversifying across stocks, across countries, and across asset classes.

There are 4 dirty little secrets about inflation you’re not supposed to know but we’re going to tell you anyway. 

Paying fees based on your assets under management may be costing you dearly. Consider a flat fee method instead. This article underscores the differences between the two and why a flat fee approach is the way to go.

The top 10% of the richest people in the United States held 69.8% of total U.S. net worth (which is the value of all assets a person holds minus all their liabilities) as of Q1 of 2021.