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This is a relative old book I borrowed from library, however, some points are still valuable secret 1: They carry a mortgage on their home even though they can afford to pay if off. secret 2: They don't diversify the money they contribute to their employer retirement plans secret 3: Most of their wealth came from investments that were purchased for less than $1000 secret 4: They rarely move from one investment to another secret 5: they don't measure their success against the Dow or the S&P 500 secret 6: They devote less than three hours per month to their personal finances secret 7: Money management is a family affair involving their kids as well as their parents secret 8: They differ from most investors in the attention they pay to the media.
In summary, save as much as possible, invest in retirement plan, not to trade too often, buy quality company, stay for the long term. this book collect a lot of real people(client)'s comment on different topics. Interesting reading. |
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