Sep 4, 2018 · 1 min read
I agree with everything you wrote, but would add that there is another sense to the final word in the phrase “the fundamentals of finance, investing and savings” that can be expanded on: “Saving” money in how you live and how you spend what you earn. The classic book “The Millionaire Next Door” focuses strongly on the role of “playing defense” in the lives of those who have accumulated wealth, and based on my own observation of those who make lots and spend it all, vs. those who make modest amounts and give as much attention to careful spending as they do to earning, the latter (particularly when practicing wise investing) tend to accumulate more assets over time.