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The secret of great wealth

Want to know the secret to building wealth? It's pretty simple, and it's financial commentator Greg Heberlein's Christmas gift to you.  He shares it with KPLU's Dave Meyer in this encore edition of Money Matters.

http://stream.publicbroadcasting.net/production/mp3/kplu/local-kplu-490823.mp3

As the old saying goes, "it takes money to make money."  

Where do you get the money to start your nest egg?  Greg says you should save at least 10% of everything you earn.  

He learned the concept from the classic investment book, The Richest Man in Babylon, by George Samuel Clason.

Dave Meyer has been anchoring KNKX news shows since 1987. He grew up along the shores of Hood Canal near Belfair and graduated from Washington State University with degrees in communications and psychology.
Greg Heberlein spent 32 years at The Seattle Times. In 12 years in the Sports Department, he was the only reporter to cover every game in the Seattle SuperSonics' championship season. Towards the end of his 20 years in the Business Department, an award was established to honor the Northwest's top business columnist. He won in each of the first three years and shortly after, wisely took early retirement.