Eight Steps to Seven Figures

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Within the tradition of the megabestseller The Millionaire Next Door, Eight Steps to Seven Figures includes in-depth interviews with over two hundred everyday people whose investments have made them millionaires. But while The Millionaire Next Door describes its subjects' lifestyles and spending habits, Eight Steps to Seven Figures focuses squarely on the investing strategies and principles that ordinary people have used to achieve the magic million-dollar mark.

Bestselling author and chartered financial analyst (CFA) Charles Carlson reveals the keys utilized by the newly wealthy to reap extraordinary dividends, including a discussion of the specific stocks, bonds, and other financial vehicles they choose as part of their investment mix. Throughout the book, readers learn how to determine how much time they have to spend researching and watching over their portfolios, when to buy, and equally important, when to market. From a huge selection of accounts of those Carlson calls "Main Street millionaires," he distills eight specific investment rules anyone can follow to be financially worry-free. On the list of lessons he outlines and elaborates on:

"Buy and Hold and purchase and Hold and purchase and Hold"--Harness the power of time in growing your portfolio and compounding your investment returns.

"Know Where You Are Going"--Determine your invest        ment timeframe, financial goals, and risk "comfort" level to put together an effective wealth-building strategy.

"Play for your Strengths"--Everyone has different personality strengths, investment advantages, and specialized knowledge that they bring to the table; recognize and exploit them in achieving your financial goals.

One of the best things about Carlson's book is the fact it recognizes and allows for readers who might not exactly have resources to follow all eight rules. It includes reassurance and hope that there surely is more than one way to achieve the seven-figure pinnacle. Even people who started investing later in life, and can't fully harness the power of time, will get here the guidance they have to become wealthy.

Filled with the insights and investment advice that a huge selection of everyday people have followed to be rich, and buttressed with many you-are-there stories of how these millionaires did it, Eight Steps to Seven Figures is an absolute must for today's investors.



Bestselling author and chartered financial analyst (CFA) Charles Carlson reveals the keys utilized by the newly wealthy to reap extraordinary dividends, including a discussion of the specific stocks, bonds, and other financial vehicles they chose as part of their investment mix. Throughout the book, readers learn how much time they have to spend researching and watching over their portfolios, when to buy, and equally important, when to market. From a huge selection of accounts of those Carlson calls "Main Street millionaires," he distills eight specific investment rules anyone can follow to be financially worry-free.

One of the best things about Carlson's book is the fact it recognizes and allows for readers who might not exactly have resources to follow all eight rules. It includes reassurance and hope that there surely is more than one way to achieve the seven-figure pinnacle. Even people who started investing later in life and can't fully harness the power of energy still will get the guidance they have to become wealthy.

Filled with the insights and investment advice that a huge selection of everyday people have followed to be rich, and buttressed with many you-are-there stories of how these millionaires did it, EIGHT STEPS TO SEVEN FIGURES is an absolute must for today's investors.-->


Category: Budgeting & Money Management

Details

Publisher

Bantam Doubleday Dell Audio

Language

English

ISBN

DATE

2000-03

Author

C.F.A.

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