How To Become A Millionaire The Old-Fashioned Way

The best financial advice that I could possibly give anyone would be to save high (think 20-25%) percentages of your total income, year in and year out. It is the surest path for someone with a middle-class income to build long-term wealth. Free Money Finance tells the story of an electric power company worker who was able to amass a fortune of $3 million dollars over the course of his lifetime by saving regularly and methodically for several decades. Instead of hoping to invest in the next Wal-Mart, Google, Microsoft, or what have you, it is a much surer path to wealth if you regularly allocate a decent-sized portion of your paycheck to stocks and bonds.  A lot of people search for the magic formula that will lead them to immense wealth, but the most sensible way to become rich is slow and steady by setting aside several hundred dollars each month for investment in stocks and bonds, and letting compounding do the rest. It may not be easy, but the short-term pleasures that you ignore today can lead to great riches tomorrow. Here's a link to the inspirational Free Money Finance article: http://www.freemoneyfinance.com/2006/01/becoming_a_mill.html