BusinessWeek has a short article by Amey Stone entitled The Get-Rich-Slow Scheme. From the article
The truth is it’s a lot easier to get rich — and stay rich — today by going it slow rather than latching onto a get-rich-quick scheme. Best-seller lists are clogged with books that explain in great detail how to Start Late, Finish Rich, or become The Millionaire Next Door. But much of the advice boils down to some pretty simple rules to live by. Here are five steps to slowly gaining the kind of financial security most people only dream of…
It’s all common sense, but the article offers a short distillation of a good plan. One obvious but often-overlooked tip is to “Pay Yourself First” by socking away a set amount each month, automatically. That’s part of step 1, Living Below Your Means, which is followed by taking risks, diversification, playing it clean, and remembering happiness is the goal– not money.
Posted by bill in Investments, Manage Your $