MONEY Master the Game: 7 Simple Steps to Financial Freedom (101 page)

Ki-hoon, Kim,
266
–67

King, Martin Luther Jr.,
586

Kissinger, Henry A.,
230

knowledge, as potential power,
65

Kodak,
269
,
318

Krom, Erik,
117

Kurzweil, Ray,
47
,
410
,
421
,
551
,
557
,
563
–67,
568
–69,
571

Labor Department, U.S. (DOL),
146
–47,
152

LaChappelle, Easton,
557
–59

Lake Wobegon Effect,
334

Lao-Tzu,
26
,
29

Las Vegas Sands Corp.,
62

Lauer, Matt,
270
,
349
–50,
485

Lawrence, T. E.,
203

leadership,
501

Leape, Jim,
556

learned helplessness,
180

Lee, Bruce,
42

Lehman Brothers,
378

Lewis, JT,
591
–93

Lewis, Michael,
7

LIBOR (London Interbank Offered Rates),
123
,
516

lies we tell ourselves,
183
–99,
249

and breakthroughs,
184
–99

and fear of failure,
183
–84

and fear of unknown,
185

life:

as adventure,
291

artificial,
566

balance in,
258
,
577

decisions in,
244
,
246

as information technology,
566

quality of,
37
,
292
,
538
,
576
,
577
,
580
–82,
583

race of,
233

you as creator of,
226
,
229
,
246

your stage in,
331
–32

lifecycle funds,
157

life expectancy,
31
–32,
409
,
538

life insurance:

borrowing from,
446
–47

death benefit proceeds from,
447

PPLI,
443
–48

in Security/Peace of Mind Bucket,
309

lifestyle,
209
–10,
218

changing,
287
–92,
612

and Dream Bucket,
341

moving to another place,
288
–91

437

Lifetime Income plan,
46
,
170
–71,
308
,
406
–18,
613
–14

annuities,
416
–18,
419
–41

income insurance,
415
–16

John’s case,
412
–14

Susan’s case,
414
–16

Lincoln, Abraham,
19

liquidity,
302
,
331

Livermore, Jesse,
525

living trust,
448
–49

LL Cool J,
15

Lombardi, Vince,
51

longevity insurance,
426
–27

“lost decade,”
107
,
357
,
366
,
396

lottery:

in retirement,
412

spending money on,
37
,
334

love and connection,
77

luck,
228
–29,
343
,
412

Lynch, Peter,
354
,
400

Magellan fund,
400

Maker Revolution,
559
–61

Malkiel, Burton,
49
–52,
59
,
96
–97,
326
,
354
,
356
–58

on compounding,
50
–52

on diversification,
325

on dollar-cost averaging,
355
,
358
,
365
,
366

and index funds,
49
,
97

on rebalancing,
359
,
361

on tax-loss harvesting,
362

Mallory, George,
406
,
409

Marcus Aurelius,
381

marketing,
85
,
97
,
102

market timing,
97
,
296

Markowitz, Harry,
297
,
379
,
472

Marley, Bob,
232

mastery:

execution as,
65

levels of,
42

Mayweather, Floyd “Money” Jr.,
53
–54,
210

McCarty, Oseola,
60
–61,
62
,
63

McDonald’s,
373
–74

McGonigal, Kelly,
190
–99

meaning,
575
,
580
–82

Meat Loaf,
52

Medicare/Medicaid,
149

Mellon, Andrew,
315

Merckle, Adolf,
66
,
71
–72,
73

Metallica,
314

MF Global,
123

Microsoft,
377

millionaires vs. billionaires,
208
–10

minimum wage,
263

mob mentality,
348
–49

momentum trading,
325

money:

as abstract concept,
3
–4

compounding,
35
–36,
49
–52,
58
,
60
,
62
–65,
256
,
364

control of,
14

critical mass of,
33
,
58
,
89
,
90
,
408

doubling,
283
,
284

emergency/protection fund,
216
–17,
302

and emotion,
209
,
210

and financial freedom,
5
–6

and happiness,
588
–91

loss of,
336

love of, as root of evil,
195

to make money,
192

mastery of,
6
,
71

nest egg,
58
,
257

and power,
3

as reflection of creativity,
193

for retirement,
32
,
210
–11

spending plan,
253
–56

as tool,
3

trading time for,
54

what you earn vs. what you keep,
273

where to put,
see
asset allocation

worry about,
190
–91

Moneyball,
65

Moneychimp,
119

money machine,
184
,
192
,
230
,
254

savings as,
55
–70

money market deposit accounts,
303

money market funds,
303

money masters:

advice from,
455
–57

author’s interviews with,
453
–55

money pass,
333

Money Power Principles,
57
,
230

1. Know the rules,
85
,
609
–10