Status Updates From Smart and Simple Financial ...

"With careful, regular savings, investing, and debt repayments, your net worth should gradually go up." 208

"Make all these payments automatic." 222

"Managing 401(k) plans...Consider investing just enough to get the full- employer match. Invest the rest of your retirement money in a Roth IRA. "

"If stocks zoom up...You sell some of your stock fund (at a profit) and put the proceeds into your bond fund...stocks do poorly...you'd sell bonds and reinvest the proceeds in stocks" 184
You sell at high prices (taking profits) and reinvest in lower-priced assets that haven't done as well. 185
Reinvest the proceeds in investments that lagged. 185

"To be diversified means owning different types of investments tha rise and fall at different times." 176
"You imagine that your fund will pick techs (or whatever) when they're cheap, sell them at their peak" (did not peak at 2000, peaking at 2016), "and jump right into the next big thing." 183

All in quotes -
Save the minimum dollar amount that the schools will require you to pay -called the Expected Family Contribution. 131
Among these investments, the best are low-cost. Cost is the single best predictor of future returns! The less you pay, the faster your money is likely to grow. 156

All in quotes -
Add 1/12 of a payment to the regular amount you pay each month. 116
Some borrowers should not prepay. In the big picture, other things come first. Contribute to your retirement plan. Pay off consumer debt. Build a cushion fund, for ready cash.... If you have children, contribute to a college savings plan. Then put extra money toward reducing your housing costs. 117

Home ownership is a way of life pg 97
Homes normally are an especially poor investment compared with the average stock. 98
Home ownership is your best hope of living "free" when you retire. 98
A 15-year mortgage...Short term mortgages are huge money savers. 113
The automated way to prepay: Add a fixed number of dollars - say, $50 or $100 to your regular monthly payments. 116

"Money left to young children should be held in trust.."

"The simplest way to regain control..."

"Don't be afraid to automate all your debt payments! You may worry about losing control..."

"So here are your options....Save lots and live well - both now and when you retire."

"In general, you should be saving at least 10 percent of your income of your income if you're in your mid-twenties and 15 percent if you're in your mid-thirties and haven't started saving yet. By your forties, nonsavers would have to save at least 25 percent..."

"It might cost a little more to keep two savings accounts instead of one, but it's worth it if it helps your keep your fingers off."

"Set some of your income aside for the specific things you want."

"Save more, borrow less, pay attention to taxes, invest regularly, diversify, limit risk, and hold down fees."