Everyone loves a true rags to riches tale, and although we’ve had some with the dot com boom, there were few that echoed the stories of immigrants that moved to the big city with a pocket full of pennies and a dream. We were thrilled to read this book and discover that the American dream is still alive and well, and this modern day rags to riches story was not only heartwarming, but packed full of advice that everyone can take to heart.

The author was twenty two when he decided to live his dream of making a million dollars by the age of 30. This Georgia native packed up what little he had and headed off to New York City to make his fortune. His family was not exactly supportive of his wild ideas, but within a space of six years, they were amazed to find that Corey managed to get the job done.

What we liked best about this story was that Corey didn’t find his wealth by getting lucky, nor did he make tons of money in the tech world. He did it the old fashioned way, and worked the same 9-5 job for that entire six year period. He simply managed his money, found good investments and watched as the balance in the bank grew to seven figures.

You really get the feeling after reading this book that anyone, given the right mindset and drive, can become a millionaire. There are few books that are this inspirational and helpful on the market, and there is a lot that can be learned from this story. The author did a great job of telling his tale, and it feels more like a memoir than a dull tome about personal finance.

However, even though this reads like a heartwarming novel, there is an incredible amount of advice contained in these pages that the reader can put to immediate use. While not all of it may be attainable, such as buying and wearing only one pair of shoes a year, there are some tips that everyone can use.

One of the biggest failings keeping Americans from realizing their dreams of wealth is overspending. You’ll sure be able to look at your budget in a whole new way after reading through Corey’s Cheapskate Strategies. While these can be modified to reduce their overall severity, chances are if you do follow them, you’ll be able to put quite a bit of money aside.

Overall, there are few books that have this much merit in the personal finance genre and we highly recommend this book. While you may not be able to follow all of Corey’s advice, even a small portion of it will help you get on the road to realizing financial security. A big part of Corey’s success is due to the fact that he was willing to sacrifice quite a lot before he was thirty, but now, he’s pretty much set for life. That’s a pretty small trade off in the grand scheme of life.

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Categories:

Book Review, Personal Finance, Wealth

Tags:

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