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Old 11-06-2006, 05:11 PM   #32 (permalink)
Henry
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Join Date: Nov 2006
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Quote:
Originally Posted by RT Wolf View Post
If I had to recommend two books on the subject, they would be:

The Automatic Millionaire. Great book, mostly about the basics of personal finance and a decent plan for getting started on the road to becoming a millionaire (for those of us who don't want to spend lots of time working on becoming a millionaire but want it to sorta just happen).

The Millionaire Next Door
is also an amazing book from a few years ago. Many of the current millionaires (80%) are first generation rich. Most of that 80% got rich by either budgetting or paying yourself first (saving ~10% of every paycheque automatically), so paying yourself first does work. This book is great for insights into what habits and beliefs make people rich (self-employed people are really up there, btw).

I don't really have a set plan for when I want to be a millionaire, I'd like to be one before 30, but I am intending it every ~day. In a little while, I'll put together a solid plan for when/how I wanna be a millionaire, besides investing and so forth. There's lots of other stuff to focus on first and now (physical, fun and recreation, mental development).
I want to also recommend The Richest Man In Babylon
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