Get Rich Slowly

Whitney Hopler

Building wealth for the future is a smart thing to do. The more money you have, the more opportunities you have to invest in God's work on earth. But in order to reliably acquire that money, it will likely take time.

Get-rich-quick schemes abound and can be very tempting, but ultimately don't deliver. Ultra-conservative financial plans such as savings accounts and U.S. Treasury bonds are safe, but won't provide the level of returns you need to see your money truly grow. In fact, they may not even keep pace with inflation, causing you to lose money in the long run. You can get rich, but slowly, by following a long-term financial plan.

Here are some ways you can build wealth over time:

Adapted from Get Rich Slowly ... but Surely! by Randy L. Thurman, CFP, MBA, copyright 1992 by Starburst, Inc. Published by Starburst Publishers, Lancaster, Pa., www.starburstpublishers.com, 1-800-441-1456.

Randy L. Thurman is a certified financial planner with a master's degree in business administration. He teaches college courses in investing and financial planning.

Have you ever been tempted by a get-rich-quick scheme? If you tried it, what did you learn from the experience? If a long-term financial plan has helped you build wealth slowly, how did it work for you and why would you recommend a long-term financial plan to others? Visit the Books forum to respond, or read what others have to say. Just click on the link below.

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