MONEY Master the Game: 7 Simple Steps to Financial Freedom (102 page)

2. You get what you tolerate,
155

3. Prepay your mortgage,
251
–52

4. Tax efficiency,
277

monthly overhead,
215
–16

Moore’s law,
564

Morningstar,
102

mortality expense,
169

mortgage-backed securities,
517

mortgage loans,
249
–51,
385

interest on,
250

prepayment of,
251
–52

trust deeds,
313

mortgage pool,
517

Moser, Ashley,
558
–59

motivational bias,
333
–34

Mott, Jim,
248

Mount Everest,
406

moving:

to another country,
290
–91

to another state,
288
–90

Mr. Rebates,
256

multitasking,
267
–69

municipal bonds,
319
–20

Munnell, Alicia,
139
–40,
308
,
427

Murdoch, Rupert,
83

mutual funds,
92
–104

account fee,
115

actively managed,
93
,
95
,
100
,
110
,
124
,
165
,
479
–80,
502

and annuities,
168
,
424
–25

associated costs of,
112

average returns,
116
–18

bond,
158

cash drag,
115

cost calculator,
111

deferred sales charge,
115

dollar-weighted return on,
118
–19

exchange fee,
115

expense ratio,
108
,
113

failure to beat the market,
93
–94,
96
,
101
,
106

fees of,
105
–15,
119
,
121
,
141
,
180
,
273
,
278
,
479

and
401
(k)s,
93
,
110
,
114
,
139
,
141
,
144

high-cost,
85
,
105
,
112

index funds,
94

money market funds,
303

no load,
108

offer,
84

options,
163

pay to play,
144
,
157

promise of protection in,
98

purchase fee,
115

ratings of,
92
,
102
–3

redemption fee,
115

retirement accounts in,
93
,
110
,
114
,
141

returns on investment,
116
–19,
400

sales charge (load),
115

soft-dollar costs,
114
–15

as stacked deck,
88

stock-picking,
119
,
180

and survivorship bias,
470

tax costs,
111
,
114
,
119
,
279
,
472

as $13 trillion lie,
93
,
97

time-weighted returns,
118
–19

transaction costs,
114

turnover in,
279
–80

Namale Resort and Spa,
207
,
341

nanotechnology,
562
,
567

Napoléon III,
555

NASA,
557
,
561

Nash, Ogden,
65

National Association of Personal Financial Advisors (NAPFA),
132

national debt,
149

natural resources,
556

Necker Island,
208

Nelson, Willie,
52
,
61
,
341

nest egg,
58
,
257

Netflix,
465
–66

Nixon, Richard M.,
370
–71

Nixon rally,
371
–72

Norton, Michael,
589
,
601

Notes from a Friend
(Robbins),
597
–98

numbers:

off base,
240
–41

“real,”
238
,
364

Obama, Barack,
208
,
560

Oduyoye, Darin,
499
–500

O’Higgins, Michael,
398

oil,
506
,
509
,
510
–11,
556
–57

online rewards programs,
255
–56

OPEC,
506
,
511

opportunity,
269

optical illusions,
38
–39

organ donation,
39
–40

O’Rielly, William,
115

Orman, Suze,
254

Page, Larry,
377

Palm Beach, Florida,
289
–90

passion,
573
–87

passive investing (indexing),
97

paycheck, automatic deductions from,
64

pay to play,
144
,
157

penny wisdom,
63

pensions,
34
–35,
409

cash-balance plans,
155
,
156

defined benefit plans,
155

do-it-yourself,
86

hidden fees in,
86

in Security/Peace of Mind Bucket,
308

Personal Fund,
111

Personal Power
(Robbins),
xxvi

Peter, Irene,
297

philanthropy,
392
,
457
,
466
,
486
,
489
,
494
,
538
,
595
–96,
601
;
see also
giving back

photography,
269
–70

physical mastery,
42

physiology, changing,
196
–99

Pickens, T. Boone,
47
,
456
,
505
–13,
505
,
596

Pitbull,
15

Pitt, Brad,
65

pivot,
265

plan:

building,
206
,
230
–46,
247

choosing your adventure,
234
–37

financial blueprint,
233
–34

illusion of advantage,
232
–33

late to the party,
242
–44

playing your own hand,
231
–32

proven,
187

rates of return for,
235

savings as foundation of,
56
–57

speeding up,
see
speed it up

timeline for,
292

too good to be true,
240
–42

Platinum Partners,
62
,
350
–51,
509

population growth,
555
–56

portfolio,
23
,
101

All Weather,
see
All Seasons strategy; All Weather portfolio