MONEY Master the Game: 7 Simple Steps to Financial Freedom (96 page)

BOOK: MONEY Master the Game: 7 Simple Steps to Financial Freedom
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on active vs. passive management,
100
,
165
,
533
–34
on annuities,
168
on asset allocation,
482
,
483
–84
author’s interview with,
47
,
85
,
321
,
411
–12,
476
–84
on bonds,
336
on dollar-cost averaging,
355
on ETFs,
322
on fees,
107
,
110
,
274
and index funds,
97
,
320
,
419
–20,
473
,
487
on international portfolios,
328
on mutual funds,
102
,
116
,
118
,
144
,
157
,
533
–34
and Vanguard,
10
,
95
,
97
,
144
,
328
,
411

Bohr, Niels,
352

Bolt, Usain,
95

bonds,
315
–20

corporate,
318
–19
cumulative losses in,
383
and deflation,
386
emerging-market,
527
foreign government,
317
,
319
guaranteed rate of return in,
306
high-yield (junk),
318
,
323
index funds,
305
,
319
,
320
and interest rates,
158
,
304
,
315
investing your age in,
336
municipal,
319
–20
mutual funds,
158
price fluctuations in,
305
rating system for,
318
and safety,
158
in Security/Peace of Mind Bucket,
303
–5,
306
,
315
–20
and stocks,
158
,
160
,
329
–30
T-bills,
316
T-bonds,
316
TIPS,
316
–17
T-notes,
316
US Treasuries,
305
,
316
–18,
328
–29,
400
,
473
,
474

Bono,
596

Branson, Richard,
172
,
173
,
190
,
208
,
530

break-even point,
401

breakthroughs,
184
–85

compounding,
192
–93
creating,
186
–99
in story,
188
–95
in strategy,
187
–88,
199
in your state,
196
–99

Bridgewater Associates,
21
,
99
,
374
–75,
397
,
496
–97

Brin, Sergey,
377

brokers,
86
–87,
112
,
121
–37

discount brokerages,
530
Enron promoted by,
133
–34
and fiduciaries,
126
–28,
137
,
180
sales charge (load) paid to,
115
suitability standard,
125
–26

Brookner, Anita,
314

Brown, Jeffrey,
90
–91,
135
,
152
–53,
162
,
163
,
407
,
417
–18,
424

Buffett, Warren,
10
,
34
,
102
,
459
,
485

author’s interview with,
454
,
485
–87
on bonds,
158
buying great companies,
486
,
491
,
492
,
536
and Coca-Cola,
460
and compounding,
49
and dollar-cost averaging,
358
and Giving Pledge,
392
,
512
,
595
on index funds,
92
,
95
,
487
on investing in oneself,
262
on market fluctuations,
351
on risk,
89
rules of investing,
173
,
300
,
373
and
Today,
270
,
485

Business Mastery,
241
–42

business owners:

and automatic savings,
65
,
69
cash-balance plans,
155
and
401
(k)s,
146
–48,
152
,
153
,
181

Butcher vs. the Dietitian, The
(YouTube),
127
–28,
180

 

California, taxes in,
288
–89

Callahan, Patrick,
499

Callanan, David,
431

call and put options,
325

Campbell, Joseph,
48

Canada, strong banks in,
177
,
310

Carnegie, Andrew,
19
,
447
,
594
–95

Carnegie, Dale,
262

car ownership,
252
–53

Caruso, Bob,
598

cash-back websites,
255
–56

cash-balance (CB) plans,
155
,
156

cash/cash equivalents,
302
–3

holding too much in,
306
tax-free growth of,
442
–43

cash drag,
115

Castro, Julian,
485

causation vs. correlation,
384

CDs:

market-linked,
178
–79,
305
,
306
in Security/Peace of Mind Bucket,
305
,
306

certainty/comfort,
75
,
206

Chambers, John T.,
530

Chantal (Rwandan orphan),
592
–93

child slavery,
600

China, death by a thousand cuts in,
109

Churchill, Winston,
188
,
244
,
457
,
588

clarity, as power,
611

Clason, George Samuel,
69

Clinton, Bill,
553

Cloonan, James,
87

clothing, breathable,
567

cloud computing,
xxvii

Club of Rome,
556

Coca-Cola,
460
,
566

Coelho, Paulo,
225

cognitive illusions,
38
–39

cognitive limitations,
41

cognitive understanding,
42

collectibles,
324

commodities,
324

community service,
342
–43

complexity,
41
,
206

compounding,
35
–36,
49
–52,
58
,
256
,
364

fees,
106
–9,
479
financial breakthrough of,
192
–93
rule of
72
in,
283

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