25 Money Rules (and When to Break Them) with Brian Feroldi

Partner Deals Long Angle: Join a free private community for high net worth investorsBilt Rewards: ⁠Earn the most valuable points when you pay rentQuince: Affordable luxury essentials with free shipping + 365 day returnsFabric: ⁠Affordable term life insurance for you and your familyMasterClass: ⁠Learn from the world's best with up to 15% offFor all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals#186: We'll break down 25 investing and finance rules of thumb, so you can learn to make better financial decisions, whether your goal is growing your wealth, retiring early, managing your portfolio, buying a car, or many other goals.Brian Feroldi is an investing expert and founder of Long Term Mindset, a financial education company. He is the author of Why Does The Stock Market Go Up? and shares his financial knowledge through The Motley Fool and his popular YouTube channel.Link to Full Show Notes: https://chrishutchins.com/investing-personal-finance-rules-of-thumb-brian-feroldiPartner DealsDRAM: 20% off my favorite sparkling water with zero calories, zero sugarSuperhuman: Free month of the fastest and best email with code ALLTHEHACKSBilt Rewards: Earn the most valuable points when you pay rentFabric: Affordable term life insurance for you and your familyGelt: Skip the waitlist on personalized tax guidance to maximize your wealthFor all the deals, discounts and promo codes from our partners, go to: chrishutchins.com/dealsResources MentionedBrian Feroldi: Website | X | Instagram | LinkedIn | YouTube 12 Timeless Lessons For Stock Investors Emergency Fund Size Formula ATH Podcast: Episode #48: Using an Investing Checklist to Improve your Portfolio with Brian Feroldi Episode #91: Die With Zero: Net Fulfillment Over Net Worth with Bill Perkins Follow & Review on Apple Podcasts Email us for questions, tips, deals and feedback Books:The Millionaire Next Door by Thomas J. Stanley and William D. DankStocks for the Long Run by Jeremy SiegelBlog Posts: Nick Maggiulli: Should I Max Out My 401k? Early Retirement Now: The Safe Withdrawal Rate Series 401k Fee CheckerWealthfront: Get a 0.5% APY boostFull Show Notes (00:00) Introduction(00:48) Why Personal Finance and Investing Is a Complicated Subject(02:30) The Rules of 72 and 70(04:48) How to Apply Rule 72(06:24) Rule 110(09:09) The 5 Year Rule(10:54) The 10-5-3 Rule for Growth Rates(12:26) The 6% Rule(13:57) The 3-6 Rule for Personal Finance(19:06) Brian's Emergency Fund Size Formula(21:40) The 5% Rule(23:28) Brian's Personal Rule of Thumb for Investing(27:07) The 1% Rule(31:27) Hiring Advisors(37:40) Calculate Your Net Worth: Age x Income / 10 Rule(39:37) The 15% Rule for Saving(40:46) The 50-30-20 Rule(42:00) The 80% Rule(44:03) The Employer Match Rule(46:52) The 4% Rule(49:07) The 25x Rule (An Inverse Rule)(50:35) The 20-4-10 Rule for Buying a Car(52:32) The Debt : Income Ratio(53:42) The 3% to 4% Salary Increase Rule(55:16) The 8-50 Rule(56:15) Chris' 4-3-2 Rule for Cashback PointsConnect with ChrisNewsletter | Membership | Twitter | Instagram | LinkedInEditor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.