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Simplest Way to Wealth

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Earn it.

Save it.

Have fun with it.

You do it in that order, and you will be set.

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Don't opt for bankruptcy until you have considered an IVA or other debt solution. If you do enter into an IVA getting a loan or credit card will be practically impossible.

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This entry was posted on Wednesday, March 19th, 2008 and is filed under Money Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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    • 11 Responses to “Simplest Way to Wealth”

    1. No Debt Plan on March 19th, 2008 at 11:17 am Says:

      Ah, it’s that first thing that can be difficult some times…!

    2. Mark @ TheLocoMono on March 19th, 2008 at 1:00 pm Says:

      Between Save it and Have fun with it, I would put in Grow it.

    3. Emily on March 19th, 2008 at 2:00 pm Says:

      I agree with Mark! We should try to grow our money as much as we can!

    4. lena the thinker on March 19th, 2008 at 6:31 pm Says:

      Very well said. There’s no harm in saving for the rainy days while enjoying it at the same time.

    5. Mike Huang on March 19th, 2008 at 10:13 pm Says:

      Little text brings big meanings :)

      -Mike

    6. LiteDeals on March 20th, 2008 at 7:26 am Says:

      well written but I would like to suggest a small revision of the last step “Have fun with it wisely” - such as always spend time looking for a deal whenever you want to buy something, or buy all things you need on Black Friday only :D

    7. AJC @ 7million7years on March 21st, 2008 at 8:40 am Says:

      Spot on … BripBlap, I, now you, and a few other bloggers recently have started the movement towards the realization that you simply cannot save your way to a fortune.

      It all begins with Earning MORE …. then saving MORE.

      Here’s a tip: If you’re already saving 10% of your current gross, try saving 50% of any additional money that you EARN … watch your savings ACCELERATE!

    8. Mayank Rocks on March 23rd, 2008 at 4:09 am Says:

      haha. Earn it. Save It. Invest it to earn even more. Spend the extra :P

    9. Holly on March 25th, 2008 at 2:40 pm Says:

      That first one is hard, but if you can do it the rest works well.

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    1. A Banana for Thought : A Roundup of Personal Finance Bloggers : Just Personal Finance @ TheLocoMono Website on March 23rd, 2008 at 1:35 pm Says:

      [...] to wealth is the most simple if not the straightest line.  David at MoneyNing offered us the Simplest Way to Wealth.  I would add "Grow it" before you have fun with it.  Another commenter also [...]

    2. Weekend Linkage - March 23, 2008 | The Suns Financial Diary | A Personal Finance Blog on Saving and Investing on March 23rd, 2008 at 7:15 pm Says:

      [...] Simplest Way to Wealth at Money Ning Earn it. Save it. Have fun with it. [...]

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