What we believe to be true, what we believe is possible, becomes what’s true, becomes what’s possible. - Tony Robbins

Ray then revealed the most simple and important distinction of all. There are only four things that move the price of assets: 1. inflation, 2. deflation, 3. rising economic growth, and 4. declining economic growth.

Any time you sincerely want to make a change, the first thing you must do is to raise your standards. Stay committed to your decisions, but stay flexible in your approach.

The average plan administrator charges 1.3% to 1.5% annually (according to the nonpartisan Government Accountability Office). That’s $1,300 for every $100,000 just to participate in the 401(k). So when you add this 1.3% for the plan administration to the total mutual fund costs of 3.17%, it