Mel Lindauer was one of the founding members of the Vanguard “Diehards” discussion board. Over the years he has contributed countless hours to the formation and civil interaction of this nationally acclaimed online forum discussion group.
In addition to that, he has co-authored, along with Taylor Larimore and Michael Leboeuf, ”The Boglehead’s Guide to Investing.”
This week he wrote a guest column at Morningstar.com titled “The Secret of Wealth . . . isn’t really a “secret” at all.”
I am keenly aware of the many people in our society who promote “get rich quick” schemes to people like you and me. Just yesterday, on the yahoo.com financial page, a bestselling author was promoting something like ”thirty days to learn my market-trading systems” seminar as a way to build wealth.
The tragedy of that advertisement is that some folks actually start believing in it as the way to build lasting wealth; both emotional and financial wealth.
Take the time to read Mel’s column. He won’t offer you a “get-rich-quick” scheme. What he does offer is some common sense financial wisdom that benefits those who are serious about building wealth, ignoring Wall Street, and getting on with their lives.