It may sound like a simple strategy, but the fact that the vast majority of Americans fall short of millionaire status proves that it's easier said than done. Spending more than you earn can put you in a dangerous hole of debt.
Surprise new costs for the long-troubled Airbus A400M military jet sent the European plane maker's profits plunging last year and will weigh on the company's financial prospects through next year, even as it forecast a rise in aircraft deliveries and demand. Airbus CEO Tom Enders acknowledged that "the jury is still out on the long-term success" of the A400M, but insisted "it's absolutely necessary" to maintain it as long as European militaries depend on it. Airbus' commercial plane forecast was more upbeat, after a year that saw a rise in deliveries but a drop in orders.
Jim Cramer wants investors to know that it's possible to get ahead, but it requires doing homework before picking individual stocks. When Cramer was growing up, he had to learn how to invest the hard way. Pop had money in a bank account, but it didn't pay much interest.