Knowledge is power, and it isn't that we don't thirst for knowledge, it is just that knowledge oftentimes comes with a little bit of work. A book that I highly recommend is "The Millionaire Next Door" by Thomas J. Stanley. I was brought up believing that being a millionaire is a life of lighting cigars with rolled up $100 bills, Rolex watches, and a Mercedes 450 SL. This book largely dispells that myth. Just as I mentioned yesterday, little things add up. You don't think about the pennies and nickels that fall down between the cushions of the couch (until you wake up from your Sunday afternoon nap to find yourself on a mountain of money). In order to pay down your mounting credit card debt, oftentimes is begins with minute changes that free up a quarter here, a dime there, a buck somewhere else. After a while, you find that you have been piddling away a fortune without realizing it.
The premise of the book is that many of today's millionaires are not those that are living in the biggest houses, driving the fanciest cars, are doctors, and take luxury vacations. Truth be told, there are some that are. One example of the great spending ability of some of those "excess hounds" is the television show from the 1980's that Robin Leach hosted called "Lifestyles of the Rich and Famous". People got their misguidance from this show and believed that you had to live the extravagant lifestyle to be rich. That simply is not so. One big key is not to live by the credit card, but to unendingy live beneath your means and save what you don't spend.
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