Comments on: Building Wealth - Secret #1 http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/ Going From Good To Great Fri, 05 Dec 2008 07:46:52 +0000 http://wordpress.org/?v=2.2.3 By: Best Investment Books for Beginners | Double Journey http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/#comment-3768 Best Investment Books for Beginners | Double Journey Mon, 25 Feb 2008 16:39:02 +0000 http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/#comment-3768 [...]  Joel Greenblatt’s The Little Book That Beats the Market -  The best book is the book that you read and you finish.  That’s why I put this book on the list.  It’s very short and a very quick read.  The advice is actually half way decent, but more importantly it is simple to follow.  He even has a website that does all the work for you.  The thing I like about it most is that it should make it really simple for you to invest, and the most important thing when it comes to investing is to just start. [...] […]  Joel Greenblatt’s The Little Book That Beats the Market -  The best book is the book that you read and you finish.  That’s why I put this book on the list.  It’s very short and a very quick read.  The advice is actually half way decent, but more importantly it is simple to follow.  He even has a website that does all the work for you.  The thing I like about it most is that it should make it really simple for you to invest, and the most important thing when it comes to investing is to just start. […]

]]> By: texmex http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/#comment-255 texmex Sat, 15 Dec 2007 22:00:46 +0000 http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/#comment-255 True that! True that!

]]> By: Aida http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/#comment-226 Aida Fri, 14 Dec 2007 01:41:37 +0000 http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/#comment-226 It was hard to start for me because I'd belittle the amount I could save a month. I had the classic mindset of "what's $20 going to do?!" Just remember that no one ever regrets saving. If anything, look around your apartment, I bet you'd find a couple things you wish had not purchased. It was hard to start for me because I’d belittle the amount I could save a month. I had the classic mindset of “what’s $20 going to do?!” Just remember that no one ever regrets saving. If anything, look around your apartment, I bet you’d find a couple things you wish had not purchased.

]]> By: Fiscal Musings http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/#comment-220 Fiscal Musings Thu, 13 Dec 2007 03:50:33 +0000 http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/#comment-220 For a concept so simple, so few actually do it. Significant wealth won't happen overnight and few are willing to wait for it. I really enjoy investing and the progress that can be made. Like you say, you just need to start. For a concept so simple, so few actually do it. Significant wealth won’t happen overnight and few are willing to wait for it. I really enjoy investing and the progress that can be made. Like you say, you just need to start.

]]> By: bluestreak http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/#comment-211 bluestreak Wed, 12 Dec 2007 05:17:56 +0000 http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/#comment-211 I too eventually came to realize the compounding power of not spending. That old saying is so true: a penny saved is a penny earned. It seems the longer I work, the more I realize how something I want now is going to cost me in the near future, not just in potential interest but also in work hours. For instance, I was eying a luxury car a couple months back. After some basic math, I discovered that I'd have to work an extra 4 hours every week to get the car! Now multiply the 4 hours by 52 weeks... yeah too many extra hours! I too eventually came to realize the compounding power of not spending. That old saying is so true: a penny saved is a penny earned. It seems the longer I work, the more I realize how something I want now is going to cost me in the near future, not just in potential interest but also in work hours. For instance, I was eying a luxury car a couple months back. After some basic math, I discovered that I’d have to work an extra 4 hours every week to get the car! Now multiply the 4 hours by 52 weeks… yeah too many extra hours!

]]> By: Liz http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/#comment-209 Liz Wed, 12 Dec 2007 04:17:11 +0000 http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/#comment-209 If you have an employer 401K match, you should definitely take advantage of this free money. Just designate the percentage you want to contribute to your 401K and have it taken from your pay check automatically. This way you'd have saved money without thinking about it. If you have an employer 401K match, you should definitely take advantage of this free money. Just designate the percentage you want to contribute to your 401K and have it taken from your pay check automatically. This way you’d have saved money without thinking about it.

]]> By: terrence http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/#comment-208 terrence Tue, 11 Dec 2007 23:38:24 +0000 http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/#comment-208 That should fix it. I even used <a href="http://www.getpaint.net" rel="nofollow">Paint.NET</a> to do it! That should fix it. I even used Paint.NET to do it!

]]> By: Rick Brewster http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/#comment-207 Rick Brewster Tue, 11 Dec 2007 23:27:02 +0000 http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/#comment-207 I completely agree. For the first 2-3 years out of college I was making great money, but my checking account was at equilibrium. I was contributing a lot to my 401k, but I've always considered that money to be "boring" because I can't tap it until I'm 60. I was always upgrading my computer or buying lots of DVD's, etc. and never tried to have any money other than checking and 401k. It wasn't until this calendar year that I started having enough money to make significant inroads into savings and -- like you said -- it's addictive! Paying extra principal on my mortgage and watching the required payment drop like a brick is awesome, as is buying shares of GOOG and watching them jump +10%. I'm very fortunate to have a significant source of secondary income, and hopefully I can reach the crossover point "soon". I completely agree. For the first 2-3 years out of college I was making great money, but my checking account was at equilibrium. I was contributing a lot to my 401k, but I’ve always considered that money to be “boring” because I can’t tap it until I’m 60. I was always upgrading my computer or buying lots of DVD’s, etc. and never tried to have any money other than checking and 401k.

It wasn’t until this calendar year that I started having enough money to make significant inroads into savings and — like you said — it’s addictive! Paying extra principal on my mortgage and watching the required payment drop like a brick is awesome, as is buying shares of GOOG and watching them jump +10%. I’m very fortunate to have a significant source of secondary income, and hopefully I can reach the crossover point “soon”.

]]> By: Rick Brewster http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/#comment-206 Rick Brewster Tue, 11 Dec 2007 23:22:00 +0000 http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/#comment-206 Off comment, but the image you included looks mangled (the girl with the whisper hand motion). Maybe it should be resized before placed in the blog ;) Go ahead and delete this comment. Off comment, but the image you included looks mangled (the girl with the whisper hand motion). Maybe it should be resized before placed in the blog ;) Go ahead and delete this comment.

]]> By: ningpo http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/#comment-204 ningpo Tue, 11 Dec 2007 21:39:35 +0000 http://www.doublejourney.com/2007/12/11/building-wealth-secret-1/#comment-204 good call, ' just do it' , and keep on til the job gets done. i couldn't agree with you more. good call, ‘ just do it’ , and keep on til the job gets done. i couldn’t agree with you more.

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