What I learned from reading three personal finance books

In cramming three personal finance books into my brain one after the other, I have learned that the secret to wealth is to consistently spend less than you earn and invest the rest in an index fund.  

Other tips:

  • Balance your portfolio by buying more of what’s doing worse (cheap) and less of what’s doing better (expensive)—it will balance out eventually

  • Stick to the budget of abundance: spend on what makes you happy, save on what doesn’t matter to you

  • Always invest part of your raise, and your whole bonus

  • Always have an emergency fund

  • Don’t trust financial advisors or real estate agents

The books I read:

I will teach you to be rich by Ramit Sethi

Why didn't they teach me this in school? by Cary Siegel

You're so money by Farnoosh Torabi