Monday, May 3, 2010

A Million Bucks by 30 by Alan Corey

A Million Bucks by 30, How to overcome a crap job, stingy parents, and a useless degree to become a millionaire before (or after) turning 30, by Alan Corey.

This is basically a story of how he decided to become a millionaire despite living in an expensive city and working at a moderate income job. It's very entertaining. First he studied and read about rich and famous people. He found out there is no one way to get rich. So he decided to focus on first saving through a very frugal lifestyle and then investing to reach his goal. His main investment areas were a 401k, a mutual fund and real estate.

He made a plan, followed a budget, looked for ways to make and save money in order to reach his goal. As he progressed he planned rewards and people who heard of his successes wanted to know how he did it. However, they were disappointed that his plan required some sacrifice and that there was no easy trick to getting rich.

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