How To Get Rich, and What That Means
Getting rich is conceptually easy:
- Maximize your income. This is up to you.
- Minimize your expenses. Look for big, easy wins and avoid lifestyle inflation.
- Invest the difference wisely. Favor simple, low-fee index funds. Use tax-advantaged accounts when possible.
By rich I mean that your investments produce enough income to pay for your expenses, and are projected to do so for the rest of your life. This usually involves amassing about 25 times your annual expenses.
Getting rich, then, is the process of working effectively until you have the option of stopping.
This book will help you manage your money effectively so you can get on with the business of living as quickly as possible.