1. Greed is the Enemy of Financial Freedom.
2. Insurance is the Foundation of Financial Freedom.
3. Taxation is the Price of Financial Freedom.1
4. Liquidity is the Linchpin of Financial Freedom.2
5. And… Debt is a Dream-Killer. 3
6. All capital is precious.
7. All wealth is relative.
8. The upside is never as pretty as the downside is ugly. (See Rule Number One.)
9. There’s never anything wrong with holding cash. Sometimes there’s not a lot right with it, but there’s never anything wrong with holding cash. (See Rule Number Four)
10. Breathe.
11. Past performance may not be an indicator of future returns, but it can tell you a whole hell of a lot about human beings.4
12. The secret to savings is spending.5
13. There is no such thing as luck.6
14. Debt aversion can sometimes be irrational, but it never leads to disaster.7
(See Rule Number Five)