Ordinary People, Extraordinary Wealth: The 8 Secrets of How 5,000 Ordinary Americans Became Successful Investors -- and How You Can Too!

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Author: Ric Edelman

ISBN-10: 1616889357

ISBN-13: 9781616889357

Category: Personal Finance - General & Miscellaneous

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One of the nation's best-known and most successful financial advisors offers eight unconventional strategies for smart investing based on his survey of 5,000 of his most successful clients. Duncan Campbell The best thing to do is be aggressive with the money you're not going to use for a lot of years. If I don't need it for twenty years, it goes in stocks.

IntroductionixSecret #1They Carry a Mortgage on Their Homes Even Though They Can Afford to Pay it Off3In Their Own Words19Secret #2They Don't Diversify the Money They Contribute to Their Employer Retirement PlansInstead, They Put All Their Contributions Into One Asset Class--the One Few Others Choose33In Their Own Words65Secret #3Most of Their Wealth Came From Investments That Were Purchased for Less than $1,00087In Their Own Words95Secret #4They Rarely Move From One Investment to Another105In Their Words115Mind Over Money: Why Investors Make the Mistakes They Do125Secret #5They Don't Measure Their Success Against the Dow or the S&P 500155In Their Own Words161Secret #6They Devote Less than Three Hours Per Month to Their Personal FinancesAnd That Includes the Time They Spend Paying Bills. And Budgeting?They Never Bothered169In Their Own Words179Secret #7Money Management is a Family Affair Involving Their Kids as well as Their Parents193In Their Own Words201Secret #8They Differ From Most Investors in the Attention They Pay to the Media215In Their Own Words219In Their Own WordsThe Biggest Mistake I Ever Made227The Smartest Thing I Ever Did253The Obstacles I Faced271My Advice For You283AfterthoughtsIn Our Own Words301My Own (Final) Words305About the Author307Index311