Part 8/11:
After ensuring retirement contributions are maximized and monthly income stabilized, Graham suggests diving into long-term investments. Utilizing retirement accounts smartly, such as IRAs or 401(k)s, provides tax-free or tax-deferred growth opportunities.
Investment approaches such as dollar-cost averaging into diversified index funds or even adding exposure to real estate can provide solid returns over time. Notably, Graham emphasizes staying the course with investments, avoiding panic-selling during market downturns, and resisting the temptation to invest in high-risk assets without thorough research.