Here's another post in our series on the learnings from the book The Millionaire Next Door. A quote from page 71:
There is a strong positive correlation between investment planning and wealth accumulation. Over-accumulators of wealth allocate nearly twice the number of hours per month to planning their financial investments as under-accumulators do.
They don't give an absolute number of hours (at least nearby this quote) so this is a relative measure. I don't spend a lot of time every month planning my investments because I don't have the time to spend hours and hours in this area. This is fine since my investment strategy is based on the time I can devote to it. I've done well using it and the time/return ratio is very, very good.
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