Getting Wealthy vs Staying Wealthy

Good investing is not about making good decisions. It’s about consistently not screwing up. There are a million ways to get wealthy. The only way to stay wealthy is some combination of frugality and paranoia.

• Money success in a single word: survival. The ability to sti...

Active investing strategies means picking your own stocks and building and managing a portfolio. It's hard and few people do it well. 

Passive investing strategies mean investing in an index. When indexing, most people like to invest the same dollar amount ...

While we may not like to admit this, we all are making a lot of bad decisions, be it our personal lives, careers or in our jobs. Here is what research says about making good decisions:

• You need the right information, not more of it.
• Feelings can be utilized