Today I’m posting an piece from a book that I began writing, called Easier Done, Than Said. The book is designed for beginning investors, although more sophisticated investors will find it useful. My goal is to provide the simplest explanation of investing as possible. It is written to include anyone interested in becoming a more educated investor, regardless of how much money they have. Compared to other books, this book doesn’t include any magic formulas or techniques. Although useful at times, formulas and techniques can be complex, which I want to avoid. I prefer to focus on the bigger picture, which is easier to understand.
As a first-time author, ANY COMMENTS (good and bad) from you would help bring the most useful information to my readers. You may also email me at firstname.lastname@example.org.
Below is part of my introduction to the book:
It seems that American parents today work hard to educate their children on the game of life. In fact, our families, not school, teach the most valuable lessons of money. Although some schools provide courses on money and investing, students are taught that getting a high salary job with benefits will help them be financially secure. Employment data also supports this idea, as college graduates typically earn higher salaries than non-graduates. However, Americans find themselves living middle-class lifestyles long after college – going to work, paying taxes, saving for retirement, and spending the rest. We finance our homes, vehicles, credit cards, and education because we don’t have the money to support our lifestyle. We spend each paycheck until we retire and expect to live on savings.
Although the lessons taught by our parents about saving money are valuable, I’ve learned that financial independence is more than saving for retirement. Saving is important, but it takes a long time, especially if you don‘t have a plan. Alternatively, the rich create their own sources of income and follow a financial plan that involves taking risks. The rich take these risks in order to rise above average investors who earn less by playing it safe. By reading further you will learn that, with a good plan and determination, it’s fairly simple to generate wealth quickly. In fact, without these things, generating wealth will likely remain a dream.
So sit back, relax, and learn. This book is about building wealth and breaking free from the prison of living paycheck to paycheck. It’s about experiencing what it’s like to have money work for you, instead of having to work hard for it. If you’re looking for a quick fix on how to get rich, please stop reading now, as this book focuses on long-term strategy that will guide you to becoming wealthy. The truth is that getting rich takes time and patience, and there are common strategies that the rich use to get richer.