"Bogleheads® emphasize regular saving, broad diversification, and sticking to one’s investment plan regardless of market conditions. We follow a small number of simple investment principles that have been shown over time to produce risk-adjusted returns far greater than those achieved by the average investor. They have been further distilled and explained in thousands of posts on the forum.

The power of the wiki is its ability to link content. If a topic has a link, there’s more material available. This is not a structured course. Use those links to explore anything you want, and consider bookmarking this page in case you get lost. The start-up kits below are designed to help you begin or improve your investing journey."

      • JackbyDev
        link
        fedilink
        arrow-up
        3
        ·
        1 year ago

        I think the hierarchy is

        1. Balance your budget
        2. Pay off debt
        3. Build your future

        I totally see where you’re coming from though. It is definitely advice for what to do once you’re not sinking so to speak. It’s advice for step 3 of that process. Folks like Dave Ramsey (who really needs to be taken with a grain of salt, lots of grains) are for step 2 (and maybe 1).

      • flatbield@beehaw.org
        link
        fedilink
        arrow-up
        1
        ·
        1 year ago

        Does depend on if one can do savings for the long term. Also probably depends on ones benefit structure which determInes how important that is.

      • TheWoozy@lemmy.fmhy.ml
        link
        fedilink
        arrow-up
        1
        ·
        1 year ago

        It’s more like telling someone to methodically manage their irrigation before, during, and after droughts.

    • gyrfalcon@beehaw.orgM
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      I would agree, in the sense that “earn more money” and “restructure the United States to have a more functional welfare system” are better but not really alternatives.

      • flatbield@beehaw.org
        link
        fedilink
        arrow-up
        1
        ·
        1 year ago

        I was thinking in terms of pensions. It is less common these days but some people still do have great pension benefits. SS too can be quite good if one works to age 70. The other direction is defined contribution plans. Especially if contributions are matched it becomes more important to at least get the free money.