Road to financial independence?

[poway_seller]

Richest Man in Babylon NOTE NUMBER 5

Seven Cures for a Lean Purse
Babylon”s riches, of course, did not happen overnight. Its wealth was the result of the wisdom of its people. They first learned how to become wealthy and practiced what they knew. Here are the seven steps or “cures” to ensure a wealthier life:

Step 1: Start Thy Purse to Fattening
For each ten coins you earn, spend only nine

Step 2: Control Thy Expenditures
Budget your expenses that you may have coins to pay for your necessities, pay for your enjoyments and gratify your worthwhile desires without spending more than nine-tenths of your earnings.

Step 3: Make Thy Gold Multiply
Put each coin to labor so that it may reproduce its kind.

Step 4: Guard Thy Treasures from Loss
Guard your treasures from loss by investing only where the principal is safe, where it may be reclaimed if you desire so, and where you will not fail to collect a fair rental.

Step 5: Make of Thy Dwelling a Profitable Investment
Own your own home.

Step 6: Insure a Future Income
Provide in advance for the needs of your growing age and the needs of your family.

Step 7: Increase Thy Ability to Earn
Cultivate your own powers, study and become wiser, become more skillful, and respect yourself.

here is a summary of the book if you dont have time to read the whole thing
http://www.luinc.com/elibrary/rmb/richestmaninbabylon.pdf

[Fearful]

Escorts get paid quite a bit, at least on a per hour basis. Might need to work out a bit, and invest in some plastic surgery, but I read that some of the more popular ladies are “mature”.

[Fearful]

Escorts get paid quite a bit, at least on a per hour basis. Might need to work out a bit, and invest in some plastic surgery, but I read that some of the more popular ladies are “mature”.

[Fearful]

Escorts get paid quite a bit, at least on a per hour basis. Might need to work out a bit, and invest in some plastic surgery, but I read that some of the more popular ladies are “mature”.

[Fearful]

Escorts get paid quite a bit, at least on a per hour basis. Might need to work out a bit, and invest in some plastic surgery, but I read that some of the more popular ladies are “mature”.

[Fearful]

Escorts get paid quite a bit, at least on a per hour basis. Might need to work out a bit, and invest in some plastic surgery, but I read that some of the more popular ladies are “mature”.

[New_Renter]

Marion,

While there are potential quick roads, most of them are extremely high risk and heavy losses can set you back many years, for example: stock/currency/option trading. I don’t personally know of anyone who has made (and kept) a fortune using that route. I do know many newsletter writers, seminar providers, and book authors that “claim” to have made a fortune in trading, but I always ask myself: if they are so rich, why do they need to put on seminars? Trust me, I learned the lessons the hard way when it comes to day trading!

Short of founding/co-founding a company that is ultimately successful, my belief is that the best way to financial independence is to follow the philosophies set forth in the book “The Millionaire next Door”. The discipline espoused in that book takes care of the expenses side of the equation (the key message being earn & save “much” more than you spend, ala Suzie Orman) and then you couple that with the power of “Compounding” using a conservative and highly diversified portfolio and you will eventually get there. Demand a return on all your investments and re-invest all your profits, whether it be Stocks, Mutual Funds, Bonds, Real Estate, etc. Don’t buy any investment on a “wing and a prayer”, ever. This takes more discipline than it sounds. Here are my favorite writers/books:

1. The Millionaire Next Door and it’s follow-on (already mentioned)
2. Richard C. Young’s Intelligence Report (Newsletter)
3. Richard Russell’s Dow Theory Letters (incredible newsletter writer that lives right here in La Jolla)
4. Piggington.com!
5. The Intelligent Asset Allocator & The Four Pillars of Investing, both books by William Berstein. This will give you a solid foundation on the “Efficient Frontier”, diversification, risk vs. reward, and compounding.
6. NoLoadMutualFundX Newsletter – This system works incredibly well as proven over time and verified by Hulbert Digest. I recommend it for a portion of your portfolio (maybe 10%-20%).

Most everything else I have looked at is garbage. These writers above tell it like it is. Suzie Orman is always good for a “pep talk” and listening to her once in awhile will help keep you in line.

Good luck in your endevours,

New_Renter

[New_Renter]

Marion,

While there are potential quick roads, most of them are extremely high risk and heavy losses can set you back many years, for example: stock/currency/option trading. I don’t personally know of anyone who has made (and kept) a fortune using that route. I do know many newsletter writers, seminar providers, and book authors that “claim” to have made a fortune in trading, but I always ask myself: if they are so rich, why do they need to put on seminars? Trust me, I learned the lessons the hard way when it comes to day trading!

Short of founding/co-founding a company that is ultimately successful, my belief is that the best way to financial independence is to follow the philosophies set forth in the book “The Millionaire next Door”. The discipline espoused in that book takes care of the expenses side of the equation (the key message being earn & save “much” more than you spend, ala Suzie Orman) and then you couple that with the power of “Compounding” using a conservative and highly diversified portfolio and you will eventually get there. Demand a return on all your investments and re-invest all your profits, whether it be Stocks, Mutual Funds, Bonds, Real Estate, etc. Don’t buy any investment on a “wing and a prayer”, ever. This takes more discipline than it sounds. Here are my favorite writers/books:

1. The Millionaire Next Door and it’s follow-on (already mentioned)
2. Richard C. Young’s Intelligence Report (Newsletter)
3. Richard Russell’s Dow Theory Letters (incredible newsletter writer that lives right here in La Jolla)
4. Piggington.com!
5. The Intelligent Asset Allocator & The Four Pillars of Investing, both books by William Berstein. This will give you a solid foundation on the “Efficient Frontier”, diversification, risk vs. reward, and compounding.
6. NoLoadMutualFundX Newsletter – This system works incredibly well as proven over time and verified by Hulbert Digest. I recommend it for a portion of your portfolio (maybe 10%-20%).

Most everything else I have looked at is garbage. These writers above tell it like it is. Suzie Orman is always good for a “pep talk” and listening to her once in awhile will help keep you in line.

Good luck in your endevours,

New_Renter

[New_Renter]

Marion,

While there are potential quick roads, most of them are extremely high risk and heavy losses can set you back many years, for example: stock/currency/option trading. I don’t personally know of anyone who has made (and kept) a fortune using that route. I do know many newsletter writers, seminar providers, and book authors that “claim” to have made a fortune in trading, but I always ask myself: if they are so rich, why do they need to put on seminars? Trust me, I learned the lessons the hard way when it comes to day trading!

Short of founding/co-founding a company that is ultimately successful, my belief is that the best way to financial independence is to follow the philosophies set forth in the book “The Millionaire next Door”. The discipline espoused in that book takes care of the expenses side of the equation (the key message being earn & save “much” more than you spend, ala Suzie Orman) and then you couple that with the power of “Compounding” using a conservative and highly diversified portfolio and you will eventually get there. Demand a return on all your investments and re-invest all your profits, whether it be Stocks, Mutual Funds, Bonds, Real Estate, etc. Don’t buy any investment on a “wing and a prayer”, ever. This takes more discipline than it sounds. Here are my favorite writers/books:

1. The Millionaire Next Door and it’s follow-on (already mentioned)
2. Richard C. Young’s Intelligence Report (Newsletter)
3. Richard Russell’s Dow Theory Letters (incredible newsletter writer that lives right here in La Jolla)
4. Piggington.com!
5. The Intelligent Asset Allocator & The Four Pillars of Investing, both books by William Berstein. This will give you a solid foundation on the “Efficient Frontier”, diversification, risk vs. reward, and compounding.
6. NoLoadMutualFundX Newsletter – This system works incredibly well as proven over time and verified by Hulbert Digest. I recommend it for a portion of your portfolio (maybe 10%-20%).

Most everything else I have looked at is garbage. These writers above tell it like it is. Suzie Orman is always good for a “pep talk” and listening to her once in awhile will help keep you in line.

Good luck in your endevours,

New_Renter

[New_Renter]

Marion,

While there are potential quick roads, most of them are extremely high risk and heavy losses can set you back many years, for example: stock/currency/option trading. I don’t personally know of anyone who has made (and kept) a fortune using that route. I do know many newsletter writers, seminar providers, and book authors that “claim” to have made a fortune in trading, but I always ask myself: if they are so rich, why do they need to put on seminars? Trust me, I learned the lessons the hard way when it comes to day trading!

Short of founding/co-founding a company that is ultimately successful, my belief is that the best way to financial independence is to follow the philosophies set forth in the book “The Millionaire next Door”. The discipline espoused in that book takes care of the expenses side of the equation (the key message being earn & save “much” more than you spend, ala Suzie Orman) and then you couple that with the power of “Compounding” using a conservative and highly diversified portfolio and you will eventually get there. Demand a return on all your investments and re-invest all your profits, whether it be Stocks, Mutual Funds, Bonds, Real Estate, etc. Don’t buy any investment on a “wing and a prayer”, ever. This takes more discipline than it sounds. Here are my favorite writers/books:

1. The Millionaire Next Door and it’s follow-on (already mentioned)
2. Richard C. Young’s Intelligence Report (Newsletter)
3. Richard Russell’s Dow Theory Letters (incredible newsletter writer that lives right here in La Jolla)
4. Piggington.com!
5. The Intelligent Asset Allocator & The Four Pillars of Investing, both books by William Berstein. This will give you a solid foundation on the “Efficient Frontier”, diversification, risk vs. reward, and compounding.
6. NoLoadMutualFundX Newsletter – This system works incredibly well as proven over time and verified by Hulbert Digest. I recommend it for a portion of your portfolio (maybe 10%-20%).

Most everything else I have looked at is garbage. These writers above tell it like it is. Suzie Orman is always good for a “pep talk” and listening to her once in awhile will help keep you in line.

Good luck in your endevours,

New_Renter

[New_Renter]

Marion,

While there are potential quick roads, most of them are extremely high risk and heavy losses can set you back many years, for example: stock/currency/option trading. I don’t personally know of anyone who has made (and kept) a fortune using that route. I do know many newsletter writers, seminar providers, and book authors that “claim” to have made a fortune in trading, but I always ask myself: if they are so rich, why do they need to put on seminars? Trust me, I learned the lessons the hard way when it comes to day trading!

Short of founding/co-founding a company that is ultimately successful, my belief is that the best way to financial independence is to follow the philosophies set forth in the book “The Millionaire next Door”. The discipline espoused in that book takes care of the expenses side of the equation (the key message being earn & save “much” more than you spend, ala Suzie Orman) and then you couple that with the power of “Compounding” using a conservative and highly diversified portfolio and you will eventually get there. Demand a return on all your investments and re-invest all your profits, whether it be Stocks, Mutual Funds, Bonds, Real Estate, etc. Don’t buy any investment on a “wing and a prayer”, ever. This takes more discipline than it sounds. Here are my favorite writers/books:

1. The Millionaire Next Door and it’s follow-on (already mentioned)
2. Richard C. Young’s Intelligence Report (Newsletter)
3. Richard Russell’s Dow Theory Letters (incredible newsletter writer that lives right here in La Jolla)
4. Piggington.com!
5. The Intelligent Asset Allocator & The Four Pillars of Investing, both books by William Berstein. This will give you a solid foundation on the “Efficient Frontier”, diversification, risk vs. reward, and compounding.
6. NoLoadMutualFundX Newsletter – This system works incredibly well as proven over time and verified by Hulbert Digest. I recommend it for a portion of your portfolio (maybe 10%-20%).

Most everything else I have looked at is garbage. These writers above tell it like it is. Suzie Orman is always good for a “pep talk” and listening to her once in awhile will help keep you in line.

Good luck in your endevours,

New_Renter

[seattle-relo]

I love the Millionaire Next Door. It’s almost more behavioral psychology than investing/financial planning. It’s an excellent read. It talks about behavioral simularities between your “average” millionaire. I plan to recommend it to the couples that I see who come in with marital issues related to money and spending. Unfortunately therapists are trained that these issues are related to the communication issues within a couple (which is part true), but the dynamics outlined in this book open another door as to why some people spend and others build their personal wealth. I wish I had learned these lessons before the age of 35!

[seattle-relo]

I love the Millionaire Next Door. It’s almost more behavioral psychology than investing/financial planning. It’s an excellent read. It talks about behavioral simularities between your “average” millionaire. I plan to recommend it to the couples that I see who come in with marital issues related to money and spending. Unfortunately therapists are trained that these issues are related to the communication issues within a couple (which is part true), but the dynamics outlined in this book open another door as to why some people spend and others build their personal wealth. I wish I had learned these lessons before the age of 35!

[seattle-relo]

I love the Millionaire Next Door. It’s almost more behavioral psychology than investing/financial planning. It’s an excellent read. It talks about behavioral simularities between your “average” millionaire. I plan to recommend it to the couples that I see who come in with marital issues related to money and spending. Unfortunately therapists are trained that these issues are related to the communication issues within a couple (which is part true), but the dynamics outlined in this book open another door as to why some people spend and others build their personal wealth. I wish I had learned these lessons before the age of 35!

[seattle-relo]

I love the Millionaire Next Door. It’s almost more behavioral psychology than investing/financial planning. It’s an excellent read. It talks about behavioral simularities between your “average” millionaire. I plan to recommend it to the couples that I see who come in with marital issues related to money and spending. Unfortunately therapists are trained that these issues are related to the communication issues within a couple (which is part true), but the dynamics outlined in this book open another door as to why some people spend and others build their personal wealth. I wish I had learned these lessons before the age of 35!

[Author]

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