I recently happened upon a nice little article about the simplest tips on building personal wealth. http://finance.yahoo.com/banking-budgeting/article/105934/10-Reasons-You%27re-Not-Rich
These tips are simple, but very hard to live by sometimes. The greatest enemy to building wealth is our humanness. Of course we know that one of the best ways to build wealth is to not spend too much, but we are human. We want that iPhone and we want it now.
I would add to this article that it is so much easier to grow wealth than to create it. Not having any monthly payments frees up almost all of your income to invest, or to buy that iPhone. At that point, you've deserved it, you've done the hard work to get to that point.
Enjoy.
Sunday, October 12, 2008
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