Guide to Getting Rich

When I first found out about this book I thought the title was right on the money.(No pun intended) But having read this book, the title should be Guide to Getting Rich Slowly.

The book doesn't talk about budgeting but it is big on saving. In my first post on the Total Money Makeover, Dave Ramsey talks about the importance of budgeting and having an emegency fund. The Guide to Getting Rich in fact is through saving. The whole idea is to fiqure out how much money you need for your TPG or Total Portfolio Goal.

The TPG is based on the amount of money you need to have a certain income. When you have the TPG established you then determine how much money you need to save or your total saving goal (TSG)

In essence your TSG builds your TPG which will allow for the money that you targeted to be given to you as interest. Saving is the key. But in order to save you have to first get out of debt. There is a little bit of math in the book such as multiplication and division. I highly recommend this book as I do all the books in this blog.