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Monday, August 28, 2006

Slow and Steady Wins the Race

Everyone wants to get rich over night. It's human nature to be greedy, and that's why get-rich-quick-schemes are always making money. The idea of making tons of money over a short period of time is so appealing that it can corrupt a person's logic. Get-rich-quick schemes get the most out of people by taking advantage of people's psychological weakness -- impatience. However, if get-rich-quick-schemes work for everyone, then nobody will be poor. Think about it. Here's an article I think everyone should read. There's really nothing exciting about saving up a dollar a day, but over the course of a lifetime and with the power of compounded interest/smart investment, the daily savings can amount to a sizable amount. A Lottery You Always Win


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