Get Rich Slowly

If you’re new here, you may want to learn what this site is about. I encourage you to subscribe to my RSS feed. Thanks for visiting!The problem with the standard financial advice is that it’s bad advice. You’ve been told to work hard, save money, get out of debt, live below your means, and [...]

Berkshire Hathaway held its annual shareholders meeting over the weekend. The company, run by Charlie Munger and Warren Buffett (the world’s richest man, and one of my personal heroes), continues to do well, though Buffett warned shareholders not to expect continued stellar returns as in years gone by. “Anyone that expects us to come close [...]

You folks have been sending me a lot of Warren Buffett stuff lately. I appreciate it. Buffett is one of my financial heroes, and I love to soak up his advice. Because I don’t have room to highlight all the Buffettology that comes my way, I’d like to briefly point out two of the stories.
First, [...]

One of the fundamental premises of the Get Rich Slowly philosophy is that by making sacrifices and smart moves now, you can create a better life in the future. It’s a philosophy of deferred gratification.
But what if you don’t want to wait to enjoy life’s rewards? What if you want to take advantage of opportunities [...]

Dave Ramsey changed my life.
In the fall of 2004, I had over $35,000 in consumer debt. I was making a solid middle-class salary, but I lived paycheck-to-paycheck. My money habits were terrible. When I looked into the future, all I saw were years of toil to pay for the things I’d already purchased.
Then a friend [...]

Vintek pointed me to a Bill Moyers interview with John Bogle, founder of The Vanguard Group and patron saint of index funds. (He’s also one of my financial heroes.) Mostly, the conversation revolves around the problems with the modern U.S. economy:

BILL MOYERS: What is the job of capitalism?
JOHN BOGLE: Well, ultimately, the job of [...]

Several people forwarded a recent Reader’s Digest article about the secrets of self-made millionaires. It’s a quick and inspiring read.
“Many modern millionaires live in middle-class neighborhoods, work full-time and shop in discount stores like the rest of us,” writes author Kristyn Kusek Lewis. “What motivates them isn’t material possessions but the choices that money [...]

I’ve edited this post to clarify a few things, and to add information researched by GRS readers. Thanks!
The average investor cannot beat the market on a regular basis. For her, index funds are the best investment. Even a majority of professional money managers fail to beat the market most of the time. However, there are [...]

How often can you hear advice from the world’s greatest investor? In 1998, at the beginning of the tech bubble, Warren Buffett spoke to a group of MBA students at the University of Florida. He spent ninety minutes answering questions about his investment philosophy. Though this presentation was made almost nine years ago, his advice [...]

Yesterday I mentioned a Money magazine article called “The Best Advice of All Time”. The web version has been posted, though it’s in the annoying “gallery” format. (It does contain links to supplemental information, though, which is cool.) Here’s a list of the “rules”, along with the quotes that author Carla Fried chose to pair [...]