Getting Rich in America

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9780066619835: Getting Rich in America

Picking up where the smash bestseller The Millionaire Next Door leaves off, Getting Rich in America reveals eight simple, practical, commonsense rules anybody can follow to save a million dollars--without sacrificing quality of life. Based on years of research studying self-made millionaires, and a phi-losophy that has proven successful for the authors, internationally acclaimed economists Dwight R. Lee and Richard B. McKenzie unveil a profound truth in the quest to become wealthy: Getting rich is a choice--and choosing to be rich, especially in America, has never been easier.

With its emphasis on achieving balance, Getting Rich in America is filled with exercises and easy-to-execute calculations that reveal how the "little things" really do add up and practical tips for saving and making your money work harder--so you don't have to.

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Review:

Amassing wealth is as simple as distinguishing between what you need and what you want, intones actor Eric Conger, reading the work of economics professors Dwight R. Lee and Richard B. McKenzie. Do you need the new car, or will a used car get you to work and the grocery store just as well? Your eyes may glaze over in certain sections, as Conger reads long if-you-do-this-you'll-save-that lists, but the points made are important. Every dollar you save and invest now is potentially worth $10 or $20 or $100 at retirement. The advice here is remarkably specific, right down to the savings you'll amass from grilling your own steaks in your backyard rather than eating out in a restaurant (about $50 per dinner). Even better, the simplicity of the professors' ideas makes listening to this audiobook tremendously motivational. You'll want to start putting their ideas into practice today, brown-bagging your lunch and leaving your credit cards at home. (Running time: 3 hours, 2 cassettes) --Lou Schuler

About the Author:

Dwight R. Lee is a professor at the College of Business at the University of Georgia. He lives in Atlanta.



Richard B. McKenzie is a professor at the Graduate School of Management at the University of California, Irvine. He lives in Irvine, California.

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