cover image Wealth: An Owner's Manual: The Unabashed Guide to Becoming a Millionaire and Staying One

Wealth: An Owner's Manual: The Unabashed Guide to Becoming a Millionaire and Staying One

Michael Stolper. HarperCollins Publishers, $20 (0pp) ISBN 978-0-88730-540-5

San Diego-based financial counselor Stolper and freelance writer Mattlin here offer guidance on acquiring and managing wealth in a style as comfortable and chatty as an hour with an old friend. Through the ``magic of compound interest,'' the authors explain, $300 monthly put aside at 10% from age 30 will add up to $1 million by age 65 for those who adhere to a consistent, regular savings program--and who can find this high interest rate in today's economy. With the income from U.S. savings bonds, these new millionaires can maintain a comfortable lifestyle ``without working,'' we're told, and at the same time continue to build surplus capital through long-term gains in stocks. This takes knowledgeable planning, caution the authors, who describe how to find a financial manager. Other vital areas covered include inflation and taxes, staying calm during stock market ``adjustments,'' and such not unrelated money problems as dealing with divorce, problem children and jealous friends. ( May )