What Is The Dollar Rule?
The Dollar Rule
Introduction
Financial advice is often rife with catch-phrases and guidlines that we repeatedly encounter: Invest. Reduce debt. Make budgets. Buy used. Don't lease. Buy stocks. Buy bonds. Diversify. Buy index funds. Buy and hold. Live below your means. Pay yourself first. Invest in companies you can understand. Good debt vs. bad debt. A penny saved is a penny earned. Compound interest rules. Never lose money. And so on.
But whatever mantras you live by (or wish you lived by) I give you yet one more, which I hope you will find to be rewarding and worth remembering:
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