Lets Talk Money Online - Wanna be rich? Act poor!

If you want to be rich, there is a simple way to help get there slowly and without the grandiose promises made by some get-rich-quick artists. With simple grade school math and a lot of time, you too can accumulate enough money to, if not become rich, help increase your net worth. Simply put, spend less money than you earn. Then, put that money away to potentially grow and help you meet future financial goals.

Here are a few simple suggestions and hypothetical illustrations of how a little can go a long way:

Instead of having a land line and cell phone, choose the latter. If you save $50 per month, you'll save $600 per year -- or $6,000 over ten years. And this doesn't take into account any growth you might get from savings on the amount or potential increases in costs you don't pay in future years.
Use coupons at the market for items you normally buy. Using coupons for something you don't use or need defeats the purpose. Even better, go to a market that doubles coupons. If you save only $10 per week, that's $520 over a year or $5,200 over ten years.
If you smoke, stop! Not only will you improve your health and potentially save thousands in future medical costs, but you'll save huge amounts of money each year. That's because prices continue to rise as local and state governments increase taxes on tobacco. If you pay $7 per day for a pack of cigarettes, you save $2,555 per year and over $25,000 in 10 years by quitting. Again, that's without counting future price increases.

Remember to do something with these savings. Contribute more to your company 401(k) plan, put money into an IRA or save at your bank, but work to help your money potentially grow into the future.

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