DR 365: Budgeting Credit Card Debt, Maximizing a Fund's Returns, and the Power of Subtraction

[@trevorpennington924]

Great content! Couldn’t be happier you took back this podcast 😁

[@barbaraperry2796]

I keep my finances as simple as possible for maintenance reasons. Gives me more freedom.

[@fij7963]

As far as the "maximizing a funds return" topic, I can't help but be reminded of the late Jack Bogle's stand on rebalancing which IMHO supports this principle.

[@funtechu]

I particularly like the way that YNAB handles this. When you get a paycheck you allocate the money to your spending categories in your budget. Then if you buy something with your credit card, the money automatically gets transferred from that category to your credit card category. Then at any time when you go to pay the credit card bill, that money is already set aside.

[@josh9231]

Buy right, hold tight- Jack Bogle

[@scottkassan]

I'm a retired software engineer. One of my favorite quotes is from Antoine de St. Exupery: Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.

[@fasteddy3336]

Yes, I like it. 👍

[@king_pyrrhus198]

Hey Rob, not sure if anyone has reported this to you, but the audio for the Spotify podcast of the show has some weird audio distortions/issues. I haven’t noticed the same audio issues on the KZbin version of the show.

[@raleedy]

If you explained how the investor returns were calculated, I missed it, so it seems mysterious to me.

[@Box13a]

😊

[@ioannislestaris2761]

Re: investor vs fund return an additional consideration is timing of investor contributions. Most of us invest periodically let’s say monthly vs a lump sum investment at a point in time. Say it differently the return of 10,000 invested on January 1 vs the return of 10,000 invested in equal amounts monthly will be different