Brian @ Wongside

I saw this article on BankRate.com regarding How Real People Grow Their Wealth.  I thought it was very appropriate given the financial times we’re experiencing. A number of people seemed to share in my dad’s belief that “a dollar saved is better than a dollar earned.”  In other words, a dollar saved is worth more than a dollar earned because a dollar earned will only result in about $0.70 in the bank (after Uncle Sam takes his cut of course).

They’re also taking into account the very valuable proposition of compounded interest, and the increasing value that a dollar saved today will be considerably more valuable in 30 years when wisely invested.  Great ideas for increasing savings and wealth in a tough economy.