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Your Money or Your Life Chapter Summary & Analysis - Chapter 9 Summary

Joe Dominguez
This Study Guide consists of approximately 55 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of Your Money or Your Life.
This section contains 753 words
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Chapter 9 Summary and Analysis

Chapter 9 teaches the reader specifically what they can do to achieve Step 9. Step 9 is for the reader to invest their capital and manage their investments.

The authors believe that there are two common investment myths that they must dispel from the reader before the reader can make good investing decisions for the purposes of the program. The first myth they dispel is that the investor should rely on a broker for investment advice. The authors believe that brokers are just salespeople, and that brokers do not necessarily have the investors' best interests in mind when making recommendations for investments. The second myth the authors dispel is that investors should use inflation as their primary consideration when choosing how to invest capital. The authors believe that the effects of inflation on the reader's expenses over time will be negligible due to several factors. First, if the...

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This section contains 753 words
(approx. 3 pages at 300 words per page)
Purchase our Your Money or Your Life Study Guide
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Your Money or Your Life from BookRags and Gale's For Students Series. ©2005-2006 Thomson Gale, a part of the Thomson Corporation. All rights reserved.
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