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Getting Rich in America Paperback – February 16, 2000
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Amassing wealth is as simple as distinguishing between what you need and what you want, intones actor Eric Conger, reading the work of economics professors Dwight R. Lee and Richard B. McKenzie. Do you need the new car, or will a used car get you to work and the grocery store just as well? Your eyes may glaze over in certain sections, as Conger reads long if-you-do-this-you'll-save-that lists, but the points made are important. Every dollar you save and invest now is potentially worth $10 or $20 or $100 at retirement. The advice here is remarkably specific, right down to the savings you'll amass from grilling your own steaks in your backyard rather than eating out in a restaurant (about $50 per dinner). Even better, the simplicity of the professors' ideas makes listening to this audiobook tremendously motivational. You'll want to start putting their ideas into practice today, brown-bagging your lunch and leaving your credit cards at home. (Running time: 3 hours, 2 cassettes) --Lou Schuler --This text refers to an out of print or unavailable edition of this title.
"Getting Rich in America has plenty of inspring anecdotes.... [It's] perfect for someone just starting out, but even late bloomers... may also be able to save more money." -- USA Today
"This comprehensive, pragmatic primer on personal finance rivals The Millionaire Next Door in its ability to show anyone how to get rich in America." -- Stephen Pollan, author of Die Brokeand Live Rich
Top customer reviews
Do you not know where to start and would like to know the basics of how to save money and handle your finances better? This is a great book for that.
The only issue is that the information is in this book is now outdated, such as being able to hold your money in a high-yield savings account at 8% (the highest interest on savings accounts is only 1%, currently). So, this book makes getting rich seem really easy and that anyone with a patience can use compound interest to start gaining piles of money. I would not follow the rules of compound interest or getting a high yield savings account, alone, to get rich, but it is still nice to know the formats in which people hold their money.
Get Married, Stay Married. I thought this was a funny chapter because the average marriage is only 4 years. It is speaking of the loss of money whenever married couples divorce. Married couples without children, though, have a tougher time than people who are single because they seemingly have more financial trouble (being taxed at a high rate. They also have to pay for a wedding and engagement rings, etc.), especially if there is only one income-earner in the relationship. I also didn't think that this section was too insightful, but it was interesting to now that the theory is out there.
Overall this book could be described as the financial encyclopedia for your parents. I am 26 years old and I have learned that the financial market and system has changed a lot in the years since this book was written. This book preaches the get rich slow program, which I can agree is a good system to follow. It does not, however, tell you how to do this for the current age. It is lacking a lot in the realm of diversified investments such as real estate and stock ownership. This book would be best given to a high school student or college graduate who is just starting their financial life. Yet, I'm sure there is a comparable book that would be even more relevant to the current age. I would say that "I will teach you to Be Rich", by Ramit Sethi, is a good alternative book that is updated for the current generation.
This book will tell you to work harder to gain more money. Remember, though, that working smarter is always more important than working harder. You will be a portion more financially literate for reading this book, but I would say that you will need to continue your journey in reading more books on wealth once you have finished this one.
Author, How to Get a Job in Video Games
"Getting Rich In America," by authors Dwight Lee and Richard McKenzie are two sharp guys who wrote a top-rate book on getting rich for average people. Its nice to see a solid book written on the 'Basics' for what it takes to get rich. With simple rules to follow on how to get rich, its a one-of-a-kind book. It guides you down golden avenues for true prosperity. The book is easy to read and revealing. Its is a great place to start for a book to read on the journey to success.
You don't have to be a brilliant rocket scientist, college professor or stock broker. Just look at Bill Gates, Steve Jobs and Michael Dell who all started working out of their homes with a high school education. "Getting Rich In America" reveals basic strategy's anyone can use to make big money, with or without a college education. Authors Lee and McKenzie talk candidly about making big money. They present truthful and easy strategies, with plenty of suggestions for building WEALTH and PROSPERITY. The authors show that to make big money you don't need to spend a herculean, gigantic amount of effort.
The Table Of Contents with 8 Chapters and 190 pages reveals subjects on: "The Power of Compound Interest, Resisting Temptation, Getting A Good Education... etc." No high I.Q. is required to do what is recommended to get rich, just self-discipline and basic determination. Most of us already have these essetial traits. So don't hold back, check it out today.
GOLD BULLION BOOK
"Getting Rich In America" is pure gold in book form. It deserves high praise, because it clarify's the basics on what it takes to earn prosperity. Goal: buy the book for solid training on how to get rich. It will train you with insight and wisdom for wealth building. Good Luck!