1733: The Random Walk Guide to Investing: Ten Rules for Financial Success by J.D. Roth of Get Rich Slowly

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Investing, Business, Education, Self-improvement

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🗓️ 7 December 2021

⏱️ 11 minutes

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Summary

J.D. Roth with Get Rich Slowly shares 10 rules for financial success Episode 1733: The Random Walk Guide to Investing: Ten Rules for Financial Success by J.D. Roth of Get Rich Slowly J.D. Roth has been reading and writing about personal finance for a decade. Today he’s financially independent, but ten years ago, his money life was a disaster, with over $35,000 in consumer debt. He started turning everything around in 2004. By being the boss of your own life, you, too, can be the master of your own financial fate. The original post is located here: https://www.getrichslowly.org/the-random-walk-guide-to-investing-ten-rules-for-financial-success/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:00.0	Have you ever noticed how a calm mind can really set the stage for a good night's sleep?
0:05.0	That's the idea behind our new podcast, Good Sleep. Greg, our host from Optimal Relationships
0:11.3	Daily, is here to help ease you into a peaceful night's rest with some positive affirmations.
0:17.0	And these affirmations aren't just comforting. They can help ease anxiety and nurture positive
0:22.8	thoughts, setting you up for true good sleep. So press play on Good Sleep tonight because
0:29.4	a good tomorrow starts with a Good Night's sleep. Just search for Good Sleep in your podcast
0:35.2	app and be sure to pick the one from Optimal Living Daily. This is Optimal Finance Daily,
0:41.7	episode 1733, The Random Walk Guide to Investing, 10 Rules for Financial Success,
0:49.1	by JD Roth of GetRitchSlowly.org. And on your host and personal finance enthusiast, Diana
0:55.5	Mariam, let's get right to today's article and start optimizing your life.
1:04.6	The Random Walk Guide to Investing, 10 Rules for Financial Success, by JD Roth of GetRitchSlowly.org.
1:13.9	In 1973, Burton Malkiel published a Random Walk Down Wall Street,
1:19.6	in which he argued that a blind folded monkey could pick stocks as well as a professional
1:24.9	investor. Though I bought a copy of Random Walk for $3.99 at the local Goodwill last year,
1:32.5	I haven't read it. It looks dense. I know it's written for the layman, but it seems rather academic.
1:40.0	In 2003, Malkiel published The Random Walk Guide to Investing, quote, a book of less than 200 pages
1:47.6	in length that boils down the time-tested advice from Random Walk into an investment guide that
1:54.2	is completely accessible for a reader who knows nothing about the securities markets and who hates
2:00.7	numbers. End quote. Several patient GetRitchSlowly readers have been recommending this book for
2:07.2	the past year. When I stayed home sick yesterday, I finally found time to read it. I'm impressed.
2:14.3	Malkiel has produced an easy-to-read, straightforward investment guide that I'm happy to recommend
2:20.5	to anyone. His philosophy matches my own. Quote, the advice in this book is both simple and realistic.
	...

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