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Investing?
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02-07-2004 10:36pm#1
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I am very interested in investing and wealth building
A great book IMO (please tell me if I am wrong) is 'The Millionare Next Door', analysing a survey of many American individuals with net worth of over $1 million (of course this should never include your principal residence). The main point of the book is: live below your means, learn to save, invest wisely and almost anyone can become wealthy.
I guess it is a lot of common sense, but interesting to read. Just from my own perspective, I very rarely drink, dislike nightclubs, and don't smoke, and am amazed at the amount of money my friends spend on booze and fags - give up/avoid unnecessary spending like that and you will save like crazy! That said, a lot of people wouldn't want to live like that or believe you should spend your youth saving money, which also is understandable.0 -
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