How to Get Rich: How the average person can become wealthy - Paperback

by John L. Bowman (Author)

This book is about how the average person can get rich. It is written for those with little or no savings who have a modest income and no college degree. These challenges make it hard to get rich, but How to Get Rich presents information to make it possible. This book is not about how to get rich quickly due to luck but rather how to live life and think in certain ways that will bring you wealth through design.

It is not easy to get rich, but this book offers a simple, straightforward path. It begins by asking if you have the eight necessary characteristics to achieve wealth. It then presents the method the richest man in Babylon used to get rich, including his seven cures for a lean purse and five rules of gold. A full chapter is devoted to how to get a high-paying job without a college degree and discusses four points to keep in mind when choosing one. Two chapters provide basic financial knowledge and important information about common stocks and which to invest in. Stock gurus Benjamin Graham, Peter Lynch and Forbes's eleven points of agreement on stock investing are presented along with their views on what not to do.

The final chapters deal with four things that enhance wealth, like saving through an investment savings account and budgeting, along with suggestions on how to improve on them, and four things that detract from wealth like inflation and debt, along with solutions to avoid them. Throughout the book, twenty-seven rules of how to get rich are developed and conclusively summarized. The final chapter offers a bigger philosophic view of the relationship between wealth and happiness. If you want to get rich, read this book, and if you want to be happy, read the last chapter.