Getting rich slowly: the mindset and tools of long-term investing

About this episode

Hi everyone, I'm Doug! In this episode of FIRE University, we look at the core ideas of long-term investing and how to choose the right investment tools. Emergency funds, insurance, stocks, bonds, real estate and crypto each have their own risks and strengths. I'll share my own investing story and Warren Buffett's wisdom, and explain why "nobody wants to get rich slowly" — and why that mindset is exactly what long-term investing needs. Invest actively in your life and passively in your money, and let's move forward steadily on the road to financial freedom!

Tickers mentioned Taiwan ETFs 0050 & 006208: Taiwan's 50 largest listed companies by market value US ETFs VOO, SPY: track the S&P 500 VTI: the total US stock market VT: the total world stock market Bond ETFs Taiwan: 00694B, Fubon 1–3 year US Treasuries US: BND: US investment-grade bonds, including Treasuries, corporate bonds and mortgage-backed securities BNDX: investment-grade government and corporate bonds outside the US, in developed and emerging markets BNDW: combines BND and BNDX, covering the global investment-grade bond market

The episode is in Mandarin Chinese. These notes are translated from my original show notes.