25 Money Rules (and When to Break Them) with Brian Feroldi
#186: We'll break down 25 investing and finance rules of thumb, so you can learn to make better financial decisions, whether your goal is growing your wealth, retiring early, managing your portfolio, buying a car, or many other goals.\nBrian Feroldi is an investing expert and founder of Long Term Mindset, a financial education company. He is the author of Why Does The Stock Market Go Up? and shares his financial knowledge through The Motley Fool and his popular YouTube channel.\nLink to Full Show Notes: https://chrishutchins.com/investing-personal-finance-rules-of-thumb-brian-feroldi\n\nPartner Deals\nDRAM:\xa020% off my favorite sparkling water with zero calories, zero sugar\nSuperhuman:\xa0Free month of the fastest and best email with code ALLTHEHACKS\nBilt Rewards:\xa0Earn the most valuable points when you pay rent\nFabric: Affordable term life insurance for you and your family\nGelt: Skip the waitlist on personalized tax guidance to maximize your wealth\nFor all the deals, discounts and promo codes from our partners, go to:\xa0chrishutchins.com/deals\n\nResources Mentioned\nBrian Feroldi: Website | X | Instagram | LinkedIn | YouTube\n\n12 Timeless Lessons For Stock Investors\n\nEmergency Fund Size Formula\n\nATH Podcast:\n\nEpisode #48: Using an Investing Checklist to Improve your Portfolio with Brian Feroldi\n\n\nEpisode #91: Die With Zero: Net Fulfillment Over Net Worth with Bill Perkins\n\n\nFollow & Review on\xa0Apple Podcasts\n\n\n\nEmail us\xa0for questions, tips, deals and feedback\n\nBooks:\nThe Millionaire Next Door by Thomas J. Stanley and William D. Dank\nStocks for the Long Run by Jeremy Siegel\nBlog Posts:\n\nNick Maggiulli: Should I Max Out My 401k?\n\n\nEarly Retirement Now: The Safe Withdrawal Rate Series\n\n\n401k Fee Checker\nWealthfront: Get a\xa00.5% APY boost\n\nFull Show Notes \n(00:00) Introduction\n(00:48) Why Personal Finance and Investing Is a Complicated Subject\n(02:30) The Rules of 72 and 70\n(04:48) How to Apply Rule 72\n(06:24) Rule 110(09:09) The 5 Year Rule\n(10:54) The 10-5-3 Rule for Growth Rates\n(12:26) The 6% Rule\n(13:57) The 3-6 Rule for Personal Finance\n(19:06) Brian's Emergency Fund Size Formula\n(21:40) The 5% Rule\n(23:28) Brian's Personal Rule of Thumb for Investing\n(27:07) The 1% Rule\n(31:27) Hiring Advisors\n(37:40) Calculate Your Net Worth: Age x Income / 10 Rule\n(39:37) The 15% Rule for Saving\n(40:46) The 50-30-20 Rule\n(42:00) The 80% Rule\n(44:03) The Employer Match Rule\n(46:52) The 4% Rule\n(49:07) The 25x Rule (An Inverse Rule)\n(50:35) The 20-4-10 Rule for Buying a Car\n(52:32) The Debt : Income Ratio\n(53:42) The 3% to 4% Salary Increase Rule\n(55:16) The 8-50 Rule\n(56:15) Chris' 4-3-2 Rule for Cashback Points\n\nConnect with Chris\nNewsletter\xa0|\xa0Membership\xa0|\xa0Twitter\xa0|\xa0Instagram\xa0|\xa0LinkedIn\n\nEditor\u2019s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.