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Jun 23, 2005 -- Things you can do to become wealthy

Clark saw a story recently entitled, “Why it’s Good To Be Rich.” Financial writer Jonathan Clements wrote the article and he lists 25 reasons why it’s so great to be rich. What was interesting about the article is that just about anyone can do the 25 things if they just put their minds to it. The No. 1 thing to do is pay off our credit cards each month. But people just don’t do that. Roughly 2 out of 3 people have an outstanding balance on credit cards, and they’re throwing money away as a result. The second reason is that you can send your kids to school without taking out student loans. The third reason is you can trim insurance costs by raising deductibles on policies. Rich people can also take advantage of tax-favored accounts such as Roth IRAs and 529 plans. The list goes on and on. But anyone can do these things and it will lead to wealth. It’s not just rich people who can make these things happen.

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