Wednesday, April 6, 2011

One of the top tools for building wealth that practically no one uses

From Financial Mentor:
Isn't it amazing how the choices that determine the bulk of our results are so boringly simple nobody wants to hear about them?
For example, let's say you want to drive from Los Angeles to New York and you're given the choice between two cars: a basic Toyota Camry or a one-of-a-kind, custom race car using the latest, coolest, whiz-bang technology.
Logic says to choose the basic Camry every time. It is the proven, reliable path to achieving the goal. However, the sleek, beautiful race car just reeks of sex appeal and seduces us into the driver's seat for a more-better-different adventure.
Don't get me wrong. I love adventure as much as the next person – probably a lot more. But there is a time and place for everything.
The financial game is about getting results – not having an adventure.
If you want to produce reliable results then use proven technology… even if it is boring...
Read full article...
More on building wealth:
Five easy ways to become wealthier in 2011
Why most investors should ignore stocks with big dividends
Three inexpensive ways to compound your money with dividends
View the original article here

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