I've said it before, getting rich is a relatively simple process. Anyone can do it. It only requires three easy steps:
1. Spend less than you earn. This alone is THE key to getting rich. Said another way, save a portion of all you make.
To spend less than you earn, you may need to earn more or spend less.
2. Invest your savings regularly in good, solid investments. I like index funds.
3. Do this for a long time, letting the power of time and compounding work for you.
That's it.
Yes, it's that easy.
Want some more posts that show how simple it is? Check these out:
I like how you break everything down like you do. Your substantial archives of content must make posts like this pretty easy. You just have to find whatever brilliance you've already written and summarize and link to it.
Good, solid advice like always and nice tips. Thanks!
Posted by: Nick | May 15, 2006 at 09:27 PM
I'want to be rich a man
Posted by: yuken | March 14, 2007 at 09:12 PM
what programs offer compounding?
Posted by: A'lexus | May 19, 2008 at 01:15 PM