Monday, May 14, 2007

Want to become a millionaire?

Finance made simple:

Unfortunately most people are looking for a way to get rich quick or to capitalize on the next big thing. It is true that some people have made their wealth through playing the real estate market while others have done so by investing in a few stocks that exploded but this is the exception and not the norm. If the above list seems overly simplistic, good. There are no secrets to becoming a millionaire and almost anyone has the chance to make it happen. The process is simple:

1. Make money
2. Don’t spend all of your money
3. Save some money
4. Invest that money
5. Repeat

Hat tip to Instapundit. I am often struck by how few people seem to understand these basic concepts of what I consider common sense.

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