9 Good Financial Rules

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9 Good Financial Rules

Postby Leesbro63 » Fri Mar 15, 2013 10:08 am

I thought I'd share this as it's all very BOGLEHEADISH. "Nine Financial Rules You Should Never Forget". A very nice easy summary of most of what we Bogleheads live by. I particularly liked "Most Financial Problems Are Caused By Debt"...it's one that we often talk around, but I've never realized it quite that simplified.

http://www.jewishworldreview.com/0313/9 ... UMq5hwsmbM
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Re: 9 Good Financial Rules

Postby Rob5TCP » Fri Mar 15, 2013 10:27 am

Always good to see others having a Bogleish leaning.
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Re: 9 Good Financial Rules

Postby MnD » Fri Mar 15, 2013 11:02 am

Too bad they don't teach these in school.
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Re: 9 Good Financial Rules

Postby moneywise3 » Fri Mar 15, 2013 11:18 am

Thank you
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Re: 9 Good Financial Rules

Postby mlebuf » Fri Mar 15, 2013 4:45 pm

Brilliant advice, well communicated. I would add these two additional rules to the Big 9:
1. Warren Buffet's advice to buy index funds and
2. Benjamin Graham's advice that every investor should have between 25 and 75 percent of their investments in equities at all times. Interesting to note that Graham wrote that advice long before there was such a thing as modern portfolio theory. :sharebeer
Best wishes, | Michael | | Invest your time actively and your money passively.
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Re: 9 Good Financial Rules

Postby Alex Frakt » Fri Mar 15, 2013 5:12 pm

Moved to Investing - Theory, News & General forum. Despite the title, most of this is about investing rather than personal finance. BTW, it would have been off-topic if it were finance, since that subforum requires that topics be about the poster's personal situation.
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Re: 9 Good Financial Rules

Postby Leesbro63 » Fri Mar 15, 2013 5:23 pm

Whew! When I saw the red, I thought I was in trouble for being "non-actionable". Yet I've seen many good BOGLEHEAD type articles similarly posted, so I took the risk. This seems very appropriate, but I've thought that before. What is the criteria for "not-directly-actionable" but still appropriate for posting. I think this is it, but like other stuff once noted by Supreme Court, it's hard to define.
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Re: 9 Good Financial Rules

Postby nisiprius » Fri Mar 15, 2013 7:12 pm

Original source: as you'd expect from the first line, this article is originally from the Motley Fool:
9 Financial Rules You Should Never Forget.
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.
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Re: 9 Good Financial Rules

Postby TT » Sat Mar 16, 2013 8:10 am

MnD wrote:Too bad they don't teach these in school.


I was able to get my local High School to incorporate Personal Finance in their curriculum as part of a Senior Year Class to help young adults get a good foundation in fiscal responsibility.
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