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Tuesday, September 7, 2010

Getting Rich in America- 8 Simple Rules for Building a Fortune

Posted by M.S. on June 4, 2009

If there were 8 simple rules you could follow that would help you build a fortune and a satisfying life, would you be interested to learn about them?

Just in time for Summer reading, I recently came across a very inspiring book written by Dwight R Lee and Richard B McKenzie called “Getting Rich in America“.

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I highly recommend this book because the focus of the book is on “ordinary people” like you and me, people of modest means and talents and how they “made it” through simple steps taken without sacrificing their quality of life.

I believe wholeheartedly in the idea that if you want to accomplish something, model someone that has already done it. This book uses real life examples of people that have accumulated enough money to be financially independent and tells you how to do that too!

They went from Frugal to Rich!

Here are the 8 Simple Rules featured in the book:

1. Think of America as the Land of Choices
2. Take Compound Interest Seriously
3. Resist Temptation
4. Get a Good Education
5. Get Married and Stay Married
6. Take Care of Yourself
7. Take Prudent Risks
8. Strive for Balance

The quote from Ben Franklin at the front of the book explains it well. “The way to wealth is as plain as the way to market.  It depends chiefly on 2 words, industry and frugality: that is neither waste time nor money, but make the best use of both.  Without industry and frugality, nothing will do; and with them-everything!”

So basically, that means work hard and be frugal! If you save your money and invest, it will build wealth!

Look at these thought provoking questions the authors pose to help you on your way to getting rich!

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Buy it used on Amazon.com or request it for FREE at your local library!

It is well worth your time!

  • M.S. said,

    Thanks for the note. Feel free to use the post but could you give me credit for writing it please? Thanks.

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