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Follow Three Principles to Build Wealth

Lesley Scorgie

Posted May. 28, 2008
Tagged: Money, MoneyTips

My name is Lesley Scorgie and I’m the author of a national bestselling book entitled Rich by Thirty: A Young Adult’s Guide To Financial Success. Since 2001, I’ve been writing and speaking about young adult finances with the hope of increasing financial literacy throughout North America. I’ve made numerous television appearances including The Oprah Winfrey Show and Montel Williams.

I believe money is important because it builds a path to freedom. Without it, your choices can be limited. With it, you can pursue your dreams. Wealth is no longer just about money. It is about freedom. The sooner you start making money work for you, the more financial freedom you’ll have.

To build wealth, I encourage individuals to adopt a healthy and balanced approach using these three principles (hint, this is what rich people actually do): First, spend your money wisely. A great example of this is Sam Walton, the man who created Wal-Mart. He chose to drive the same red pick-up truck for 25 years even though he could afford a Ferrari. Second, save and invest for your future. When doing research for my book, I uncovered that rich people were saving approximately 15% of everything they made, not just the standard 10%. Lastly, give back to your community. There is a return on investment (ROI) when you give of your time, talent, and treasure.

I look forward to sharing with you through Qvisory’s blog, and hope you’ll offer your comments and ideas along the way.

Lesley Scorgie is the bestselling author of Rich by Thirty: A Young Adult’s Guide To Financial Success published in January 2007 and printed in English, French and Korean. Lesley owns and operates Rich By Inc., a financial consulting company dedicated to providing education, resources and tools for a variety of demographics. Lesley’s passion is to encourage financial literacy, a topic she has enthusiastically promoted through speaking and writing since 2001.

She has made numerous television appearances including The Oprah Winfrey Show and Montel Williams, and her financial writing has appeared in publications such as Unlimited magazine, the Calgary Herald and the Calgary Sun. Lesley has worked in the banking and securities industries and as a spokesperson for Canada Savings Bonds.

In 2005, Lesley Scorgie graduated from the University of Alberta with a Bachelor of Commerce degree in marketing and finance. She currently works diligently to promote financial literacy through speaking, educating and writing. In addition to this Lesley dedicates substantial time, energy and resources to non-profits within her community. See Lesley Scorgie's other posts and profile.

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