Ordinary People, Extraordinary Wealth
How did a secretary, a firefighter, a retired naval officer, a housewife, a construction worker, a schoolteacher, and a pharmacist become wealthy? Bestselling author Ric Edelman has studied the wealth-making habits of these and 5,000 other ordinary Americans and reveals his findings in this extraordinary book that outlines in eight easy, practical steps and secrets to achieving and maintaining wealth.
Here you'll find a lifetime of wealth-building experience from people just like you -- people who have figured out how to arrange their finances and make wise investment decisions so that they can reach their goals and achieve financial security. Plus, you'll find tips on:
How to turn your mortgage into a wealth-enhancing tool. Why small investments work better than big ones. How to max out on your employer-sponsored retirement plan. When to hold investments and when to fold them. When to pay attention to financial news and when to turn it off.
Let your neighbors lend you a hand. And let Ric Edelman guide you through their lessons in this eye-opening journey with thousands of ordinary folks who found their way to extraordinary wealth.
"I don't spend any time tuning into the media about personal finance. If you're investing for the long term, what's the point of studying the daily Dow reports?"
- Bill Erbach, clergyman
"Get as much of a mortgage as you can for as long as you can. Using someone else's money is always better than using your own."
- Michael R Burke, defense analyst
"Save on a regular basis, even if it's $10 a week, and invest it into a good mutual fund. But just save something. Get, good financial advice from a planner; ignore your friends' advice."
- Jody Pearce, housewife
"The best thing to do is be aggressive with the money you're not going to use for a lot of years. If I don't need it for twenty years, it goes in stocks."
- Duncan Campbell, graphic artist