Saving vs Investing
Simply saving cash—whether it’s US Dollars, Japanese Yen, or Argentine Pesos—means your money is slowly losing value over time due to inflation. In contrast, investing your cash in a broad index fund (in the US or another developed market) allows your money to grow and compound over time.
Self-Made vs Inheritance
Nearly 80% of new millionaires are self-made, with many rising from working-class backgrounds.
Stocks vs Index Funds
Water cooler conversations about stock picking is broke talk. Stock picking rarely beats the S&P 500, and most who try end up underperforming.