Description
Capitalism has the ability to create wealth. We live in a capitalistic society throughout most of the world and it has reduced poverty year after year. Despite this strong system that allows the market to decide what is needed, some people seem to utilize the free market better than others. Why is it that the rich stay rich and the poor stay poor? This question is deceiving as it assumes people in the bottom 20% stay at the bottom, when it's actually about 1-5% who stay poor while the rest move up to the middle or even the upper class. The better question is... what makes an individual move up the wealth mountain?
In The Capitalist's Guidebook to Wealth in America: A Comprehensive Index for Building an Affluent Future, author and pharmacist Adam Remick dives into the behavior and lifestyles of those who have successfully become wealthy without a "million dollar idea." Instead of immediately presenting the investment techniques described later in the book, he asserts the importance of the behaviors first. Dividing this book into three parts, he first describes behaviors he labels as "required," cultivating an understanding of the importance of these behaviors accompanied by studies validating them. Along the same theme and style as part one, part two consists of behaviors that are labeled as "optional," which he addresses that many have succeeded without these, but they are very helpful. He then presents practical and instructional descriptions of common and alternate ways of developing wealth.
A mix of behavioral criticism and actionable ways to invest, The Capitalist's Guidebook takes the reader on a journey through personal stories to data backed by peer-reviewed literature, and gives the reader books related to the content to learn more about ways to develop wealth from a more in depth source. The Capitalist's Guidebook is an indispensable guide to anyone asking themselves, "Where do I start?"