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August 30, 2008

Comments

Michael Dean

I read this book 10 years ago. It is still recommended by many. I think that the general points in the book are excellent... even in an economy that is rapidly changing.

But the bottom line is always that it is better to lend then to borrow. Interest (and compound interest in particular) is your friend.

Scott

Michael,
Good points. The main takeaway I took is that wealthy people usually don't try to 'look' or 'act' wealthy. They don't feel the need to show off or try to get other's approval in this way. Usually people that live that type of lifestyle have little or no wealth and actually may be deeply in debt.

Scott

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