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Getting Rich in America: Eight Simple Rules for Bulding a Fortune--and a Satifsying Life

AUTHOR: Dwight R. Lee
ISBN: 0694521590

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         Editorial Review

Getting Rich in America: Eight Simple Rules for Bulding a Fortune--and a Satifsying Life
- Book Review,
by Dwight R. Lee

Amazon.com
Even if you never earn more than $50,000 a year, you can still retire a millionaire--just choose to live a disciplined yet fulfilling life. Save and invest at least 10 percent of your income, never buy a new car, focus on the long haul and family, work an extra part-time job--these are among the disciplines that can get you to $1 million and more, write business professors Dwight R. Lee and Richard B. McKenzie in Getting Rich in America. In fact, the authors say, there are eight simple rules that will help enrich your life: Think of America as the land of choices; take the power of compound interest seriously; resist temptation; get a good education; get and stay married; take care of yourself; take prudent risks; and strive for balance. "If you do everything on the list, building a fortune as well as a satisfying life is virtually assured. How could you miss?" write the authors. The most important step: Invest as much of your income as early in your career as possible, in a mutual fund that follows a stock index like the S&P 500. Stash away $2,000 a year beginning at the age of 22 in a fund averaging 15 percent and you could retire at 65 with $6 million. The book features some inspiring vignettes of average Americans turned millionaires. And it provides formulas to calculate your own retirement nest egg based on when and how much you save. For investors and anyone looking for ways to save, Getting Rich in America shows that it isn't as hard as it seems.

Amazon.com Audiobook Review
Amassing wealth is as simple as distinguishing between what you need and what you want, intones actor Eric Conger, reading the work of economics professors Dwight R. Lee and Richard B. McKenzie. Do you need the new car, or will a used car get you to work and the grocery store just as well? Your eyes may glaze over in certain sections, as Conger reads long if-you-do-this-you'll-save-that lists, but the points made are important. Every dollar you save and invest now is potentially worth $10 or $20 or $100 at retirement. The advice here is remarkably specific, right down to the savings you'll amass from grilling your own steaks in your backyard rather than eating out in a restaurant (about $50 per dinner). Even better, the simplicity of the professors' ideas makes listening to this audiobook tremendously motivational. You'll want to start putting their ideas into practice today, brown-bagging your lunch and leaving your credit cards at home. (Running time: 3 hours, 2 cassettes) --Lou Schuler

The Wall Street Journal, David R. Henderson
Getting Rich in America is the how-to handbook for becoming the millionaire next door. At the very least--for those who remain skeptical--it offers practical advice that you can follow straightforwardly if you want to be much better off than you are now.


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         Book Review

Getting Rich in America: Eight Simple Rules for Bulding a Fortune--and a Satifsying Life
- Book Reviews,
by Dwight R. Lee

Getting Rich in America: Eight Simple Rules for Bulding a Fortune--and a Satifsying Life

FROM THE PUBLISHER

Bill Gates. Michael Jordan. Warren Buffett. Every day we hear about the rich getting richer; we buy their products, watch them on television, and wish we could afford their stock. And yet we've never learned how to replicate their success'until now.

Picking up where the smash bestseller The Millionaire Next Door left off, Getting Rich in America reveals eight simple, practical, commonsense rules anyone can follow to save a million dollars'without sacrificing quality of life. Based on years of research studying self-made millionaires - and a philosophy that has proven successful for the authors as well - internationally acclaimed economists Dwight R. Lee and Richard B. McKenzie unveil a profound truth in the quest to become wealthy: that getting rich is a choice - and that choosing to be rich, especially in America, has never been easier.

In this highly anticipated audiobook, you will meet ordinary folks, just like yourself, who, while making an average income, have amassed at least a million dollars in savings'not through get-rich-quick schemes, but through basic hard work, discipline, patience, and perseverance - without having to live like misers.

But why become rich if not to enjoy it? Getting Rich in America does not promote amassing wealth for wealth's sake. You can have that gourmet coffee, take a much-needed vacation, even indulge in filet mignon. With its emphasis on achieving balance, Getting Rich in America is filled with: exercises and easy-to-execute calculations that reveal how the �little things� really do add up over time to big savings, or to no savings at all; sound advice for creating a fulfilling life; and practical tips for saving and making yourmoney work harder'so you don't have to.

Read by Eric Conger.

Author Biography:

Dwight R. Lee is a professor at the College of Business at the University of Georgia. He lives in Atlanta. Richard B. McKenzie is a professor at the Graduate School of Management at the University of California, Irvine. He lives in Irvine, California.

SYNOPSIS

Written by Dwight R. Lee and Richard B. McKenzie -- both economists and business professors who have saved more than a million dollars by following the advice laid out in this audiobook -- Getting Rich in America reveals the most important truth in the quest to become wealthy: Getting rich is a choice. The authors describe exactly how to create a plan (and how to stick to it) to save a million through patience, discipline, perseverance, and plain old hard work. This is not a get-rich-quick scheme, and you don't need to squirrel away every penny. Getting Rich in America describes a philosophy that is based on years of studying self-made millionaires and has been tested by the authors themselves. It really is true that anyone can be a millionaire -- with the right help. This audiobook, read by Eric Conger, is all the help you will need.

FROM THE CRITICS

David R. Henderson - The Wall Street Journal

I never thought it possible that a book could make startling claims about accumulating wealth—lots of it—without sounding hucksterish, trite or simply incredible. But [these two economists] have managed to write one. Getting Rich in America offers eight rules for improving your lot in life. If you follow them all, the authors argue, and don't have a terrible illness or accident...then, at some point between ages 40 and 65, you will be rich.


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