There are so many personal finance books out there and most seem to fall into one of two categories – Get rich insanely quick or get frugal to turn your life around. For those of us that want a more solid and easy to accomplish means of developing a personal fortune, there are not a lot of options. However, The Quiet Millionaire showed a lot of promise when we first spotted it and we were truly surprised by this book.
Unlike the aforementioned books, the main premise of this one is that the average person can become a millionaire, and it won’t take hot stock picks or living a life eating out of dented cans. Rather, the author, a personal and business finance expert, asserts that by making the right choices and avoiding common traps, anyone can become a millionaire.
While we are not quite sure that this is entirely possible, there are many cases on record of janitors that socked away millions and people you’d never expect that are worth more than half the town. How do they do it? This book gives you the blue prints you need to become a quiet millionaire in your own right. Even if you don’t quite make it, you’ll still be better off financially after employing this sound techniques.
The author focuses on the seven major problems that can prevent you from becoming wealthy, and then supplies advice on how to beat these problems and secure your future. From uncontrolled spending to handling life altering events, this book contains the information you need to know to get control of your finances.
He really focused on the importance of cash flow, and having more than one income if at all possible. He details investments that are lower in risk, but provide a steady stream of income that will keep adding up. The section on tax advice was worth the cost of the entire book and there are tips in here that every single person can begin implementing to save a lot of money every year on taxes alone.
This book is not fluffy, and it is not for those that want to “get rich quick.” It is for those that are interested in substantial, real world financial advice that will pay off.
By far, this is one of the best books on personal finance that we have ever read. Instead of focusing on hot topics that sell books but rarely satisfy the reader, the author did a great job of presenting a common sense plan to amassing your own fortune. We found every piece of advice in this book to be sound and highly recommend it to anyone. From the teen just starting to manage their finances to the retiree, this book contains vital information that can change your financial outlook. We highly recommend it and hope that more people will take the time to implement these principles in their lives. Chances are, they’ll be richer for it.
Originally posted 2008-09-19 05:07:58. Republished by Blog Post Promoter
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1 comment so far ↓
Great book review. I am all about reading many “financial experts” to get differing points of view. I like to read about really conservatives to really risky, and then be able to pick and choose certain topics from each. Sounds like this might fall in the more conservative investor category?
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