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From Ramen to Riches: Building Wealth in Your 20s: Or Spending, Saving, Investing and Managing Your Money to Get Rich Slowly, but Surely

por James G. Wood

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"You mean to tell me youve been employed as a software engineer for five years and your net worth is $500?" These are not the words you want to hear from your mortgage banker when youre looking to borrow a large sum of money. Despite a well-paying job, the author had managed to spend everything he had earned in the five years after college. The meeting with the mortgage officer was his epiphany. He finally got serious about managing and investing his money. Now in his early 50s, the author is debt free, owns a house free and clear, and has built a retirement portfolio that will comfortably sustain him and his wife in the coming years. This book aims to help people in their 20s avoid the same financial mistakes. In a breezy, humorous, and conversational style, it describes a common-sense approach to spending, saving, investing, and managing your money to get rich slowly, but surely.… (más)
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From Ramen to Riches taught me that using finances in an unconventional and nonstandard way is actually more beneficial than doing finances the conventional way. For me that means taking care of my finances as if I am running a business and using savings to live a healthy life through spending smartly and sparingly. When I do spend I always want to know the prices and if people can afford it. I buy what I can afford and not what I see. For me that means buying drinks and foods that replenish me and keep me away from fatty foods and unhealthy foods that cause me to slow down or be haggard. I indulge once in a while in snacks that I love and drinks that excite me. But I am mindful of how much I spend and why I am spending on that item of food or drink. If it does not bring me joy or happiness or sustain my energy I just do not buy it.

I also save way more than I spend and spend no more that what I need. I have learned that saving now and for the future is more important than buying everything with a credit card and not saving and living beyond your means. I prefer a more simple, frugal, and minimalistic lifestyle. I love saving money but I don’t let that stop me from enjoying the fruits of my labor which is buying seltzer water and ginger ale and spending time reading books that teach me about life, love, and resilience in different ways. ( )
  Kaianna.Isaure | Aug 5, 2023 |
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"You mean to tell me youve been employed as a software engineer for five years and your net worth is $500?" These are not the words you want to hear from your mortgage banker when youre looking to borrow a large sum of money. Despite a well-paying job, the author had managed to spend everything he had earned in the five years after college. The meeting with the mortgage officer was his epiphany. He finally got serious about managing and investing his money. Now in his early 50s, the author is debt free, owns a house free and clear, and has built a retirement portfolio that will comfortably sustain him and his wife in the coming years. This book aims to help people in their 20s avoid the same financial mistakes. In a breezy, humorous, and conversational style, it describes a common-sense approach to spending, saving, investing, and managing your money to get rich slowly, but surely.

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