Friday, May 1, 2009

The Secrets of Financial Freedom | An Interview with a Millionaire Next Door

This interview by J.D. Roth of Get Rich Slowly, one of my favorite personal finance blogs, is a great read. John, as he is called, followed basic principles that we all are able to adhere to, in order to achieve wealth. I am certain that many of these principles will be very familiar to the readers of this blog, however, hearing it from someone who has practiced them consistently for a lifetime can have a different effect. Read this interview and work on incorporating some of them into your own life. Practice creates a habit and habits bring about change. Enjoy!

These are some of the main principles:
1. Spend less than your earn.
2. Learn what a kilowatt hour is.
3. If you have a credit card, you should benefit from it.
4. People need to learn to cook from raw materials.
5. It is ok to buy used.
6. A dollar spent will never produce dividends.
7. No-load mutual funds are the only way to go.
8. Volunteer to help others.

"The greatest thing one can do for the world is to raise one's own level of consciousness"....~Dr. David Hawkins

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