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Old 09-25-2007, 11:10 PM   #14
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Join Date: Jul 2005
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Any book or article that helps folks understand there is another way to live beyond living paycheck to paycheck with very little savings and next to no investments and with the prospects of forced retirement at 66+ and having to live on SS.

I have given away several books to family and friends along with a word of advice that reading them is only the first step. Nothing happens unless a change is made in their thinking and their actions. Start by saving a little each paycheck. Then increase it by 5%...then another. Once you learn to live within your NEW means cut back on your expenses and find ways to save an other few percent of your income. Then learn to invest in simple but cost effective index funds and money markets, CDs, Bonds, etc. Go slow and learn how it all works at the level you want to understand and then move to other areas as you are comfortable. In time, you will be wealthy and your family did not have to wear rags or eat cat food to do it.

Motivation is always the first step to change....followed by action in some folks or inaction and the status quo in others. Some folks "get it" but just don't "do it". They are in some ways, worse off because they know what they should be doing and the feelings of inadequacy must be very painful for these folks as opposed to the others who are just ignorant...and blissful as a result.

Lecture over.
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