“A reader lives a thousand lives before he dies, said Jojen. The man who never reads lives only one.”
― George R.R. Martin,
After my last book review I discovered how much extra I learned by writing down and analyzing the book. Last month I was busily reading this one:
What the book is about
This book is all about how to get wealthy in finances and in self. It starts off by using an example of you inherit a million dollars as long as you climb to a mountain in 12 months. If you don’t climb up there you don;’t get the money. I really liked that analogy as of course someone would climb up a mountain to get that amount of money, so why wouldn’t we input the same amount of effort to make a million? The book is arranged in two parts, The firs is the non fictions, detailed bit and the second is a novel of someones struggle with finances.
About the authors
The book is written by Mark Victor Hansen who wrote the Chicken Soup for the Soul 20th Anniversary Edition: All Your Favorite Original Stories Plus 20 Bonus Stories for the Next 20 and others in the series. He co writes with financial guru Robert Allen.
My Favorite parts
The Enlightened Millionaire
The authors throughout the book highlight the importance of not just earning the money. They want you to be thoughtful and supportive of others. They state their goal is to create “1,000,000 millionaires” so that everyone can carry on passing the wealth around. It readily promotes giving 10% of your income away from starting out to earning your millions.
The mind set
Mindset plays a really important part for me with finances. This book is filled with tips and tricks to help keep you in the positive money attracting mindset. It even tells you its ok to want to become a millionaire!
It teaches the basic principles of money
This book doesn’t launch into complicated financial speak right away. It teaches to basic fundamental principles such as paying yourself 10% first and investing that 10%. The interest rates it talks about on that investment (10% again) seem a little crazy but hey it might happen again one day.
It breaks it down into easy to do’s
The book is realistic about how the average person’s finances run. It breaks down how much you would have to save every day from when you where born to when you become a millionaire. It isn’t expecting you to already have thousands saved up somewhere.
The millionaire mountain
This links back to the first analogy at the start of the book. This time the “mountain range of wealth” all represent different models for creating wealth.
My least favorite part.
The amount of references to god and the amount of affirmations. I have nothing against religion and I am myself however I do tend to steer clear of books that have a high religious content. Whilst this book is filled with it, it does take up a fair amount of space. Also the affirmations. I’m not going to remember to repeat pages of affirmations each morning nor do I want to.
I’d love to hear everyone’s favorite books that they feel aided them into FI! So far my list is:
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