Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3350: Ramit Sethi breaks down dollar-cost averaging as a smart way to invest consistently over time without trying to time the market. He explains how this strategy can protect against volatility, while also comparing it to lump-sum investing, which often yields higher returns, but not without emotional trade-offs. Sethi also provides a practical guide for building an index fund portfolio from scratch, even on a limited budget. Read along with the original article(s) here: https://www.iwillteachyoutoberich.com/blog/dollar-cost-averaging/ Quotes to ponder: "Investing isn’t a race, you don’t need a perfect asset allocation tomorrow." “Your asset allocation determines how much money you invest in different areas.” “Spend less than you make and invest the difference.” Episode references: VTSAX (Vanguard Total Stock Market Index Fund): https://investor.vanguard.com/investment-products/mutual-funds/profile/vtsax Vanguard Target Retirement 2050 Fund (VFIFX): https://investor.vanguard.com/investment-products/mutual-funds/profile/vfifx Learn more about your ad choices. Visit megaphone.fm/adchoices