Get Rich Slowly: Sounds counter intuitive, doesn't it? Or maybe it sounds like advice a grandparent would give. It could be both, but it's also the name of a blog dedicated to 'sensible personal finance.'
Named 'the most inspiring money blog' by Money Magazine, Get Rich Slowly was started in 2006 by JD Roth. The site offers stories of debt elimination and practical investing, as well as reviews of books, software and magazines.
It bears mentioning that Roth is NOT a financial professional. He is, however, a guy who found himself in massive debt and managed to climb himself out of it.... slowly, of course.
His site adheres to 12 simple rules for fiscal solvency:
1. Money is more about mind than it is about math.
2. Goals are important.
3. Spend less than you earn.
4. Pay yourself first.
5. Small amounts matter.
6. Large amounts matter.
7. Do what works for you.
8. Slow and steady wins the race.
9. Slow and steady wins the race.
10. Failure is okay.
11. It’s more important to be happy than it is to be rich.
12. Do it now.
Like a lot of Get Rich Slowly, these guidelines may sound obvious. But that doesn't make them - or the site - any less wise.