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πŸ“š Paul Merriman: 12 One-Million Dollar Ideas for Investing Success! πŸ†

Author
David Baughier
Published
Fri 20 Sep 2024
Episode Link
https://zencastr.com/z/c6tO2SSP

Watch and Subscribe on YouTube

πŸ’‘ Paul Merriman shares his 12 One-Million Dollar Ideas for achieving financial success, offering practical strategies to help you transform your investment approach. πŸ“ˆ Β 

Paul Merriman highlights the importance of starting early, using low-cost index funds, and diversifying your portfolio, especially by including small-cap value stocks. He breaks down how simple financial decisions made today can lead to significant long-term growth. Paul’s advice will help you steer your financial future in the right direction.Β 

In this episode, we discuss:Β 

1️⃣ Save Early vs. Waiting to Get Started: Discover why saving early, even small amounts, creates massive financial growth through compound interest.

Β 2️⃣ Stocks vs. Bonds: Learn how to balance risk and reward with the right mix of stocks and bonds as part of your asset allocation strategy.Β 

3️⃣ DIY vs. Professional Management: Explore why index funds often outperform actively managed funds, making them a smarter, low-cost choice.Β 

4️⃣ The Power of Diversification: Understand why spreading your investments across small-cap value, large-cap value, and blend stocks strengthens your portfolio.Β 

5️⃣ Market Timing vs. Buy and Hold: Find out why sticking with a buy-and-hold strategy beats trying to time the market.

πŸ”— Paul Merriman's Links:Β 

🌐 Merriman Financial Education Foundation

πŸ“š We’re Talking Millions! 12 Simple Ways to Supercharge Your Retirement (And other Free Book Downloads)

πŸ“Š Quilt Charts (Referenced in the Episode):Β 

πŸ“Ί YouTube Video Explaining the Two Charts

Graph 1: 4 US Asset Class Indexes & 4 Fund Combo Relative Return Ranking (1928-2023)

Graph 2: Asset Classes & 4 Fund Combo (1928-2023) - Return Rank Frequency

πŸ”— David's Links:Β 

πŸ₯Š Paul Merriman and JL Collins Debate Wealth Strategies

πŸ’° Free Money Course

🍏 Forget About Money on Apple Podcasts

🎧 Forget About Money on Spotify

πŸ“œ Paul Merriman Quotes:Β 

πŸ’‘ "The system is designed to make you spend, not save. You have to arm-wrestle it to build wealth." β€” Paul Merriman

πŸ›‘οΈ "Diversification is your greatest defense. Don't put all your eggs in one basket." β€” Paul Merriman Β 

🧠 "Most people will never beat the market. If you can match the market, you’ll likely be in the top 10% of all investors." β€” Paul Merriman

#financialfreedom #retirementplanning #IndexFunds

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Disclaimer: The discussion in this episode is for general educational and entertainment purposes only and should not be considered tax, legal, or investment advice specific to any individual.

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