Book Review: Ordinary People Extraordinary Wealth

It has taken me a while to get up some book reviews with my internet messed up plus the insomnia (I try not to get on the computer because it's so bright that I def. won't go to sleep). Anyway...

I have to say that I really enjoyed this book. It is about ordinary people that have made smart choices along the way in life to amass a great sum of money. They aren't business owners or did anything that we couldn't do, so I think that is why I enjoyed it the most.

It goes through I think 8 or 9 things that they have done (the majority) to get from where they started to where they are at the time of the writing. I think the people interviewed have at lease 500k in savings. They are around 50yrs old. And they still carry a mortgage that they have no intention of paying off (I thought this was interesting, but after reading why it made sense).

These people also don't keep all their eggs in one basket (thing Enron), they don't obsess over their money, they do like to watch the news or read about what's going on in the world, but they don't switch their stock every 10min because of something they heard on the news.

My favorite parts of the book were the parts when the interviewees gave their insight into how they made it where they are, what they wish they had done sooner (saved earlier), and what they think helped them the most (investing and living below their means). It is encouraging because some of the people that started late, let's say 37yrs old, were still able to make out pretty well by the time they were say 65, so although they regret not starting sooner, it's not too late.

I read the millionaire next door also, I like this more because it was partly in the people's own words.

You can buy it here>>> Ordinary People, Extraordinary Wealth: The 8 Secrets of How 5,000 Ordinary Americans Became Successful Investors--and How You Can Too


And if you have any questions/comments, don't be afraid to leave them!