.com Review
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The advice and concepts outlined in Automatic Wealth
are best suited for those in their 30s-50s who recognize that
their current job will never afford them true financial
independence. Rather than encourage readers to quit their day
jobs today and launch into a new scheme tomorrow, Masterson shows
how to turn your skills and experience into significantly more
money within seven to fifteen years. For those just getting by,
he details how to get the biggest pay raises now and how to move
into more lucrative ventures in the near future. For those with
some savings, he offers specific advice on building equity and
increasing net worth significantly and quickly. Since Masterson
made his millions starting and developing small businesses, he
encourages people to become entrepreneurs themselves and
discusses which kinds of ventures to invest in and which ones to
avoid. He also stresses the importance of developing multiple
income streams, offering chapters on real estate, stocks and
bonds, consulting, direct mail, and other rtunities.
In addition to concrete steps, Masterson also writes about
attitude and expectations. His first step, in fact, is to take an
honest and realistic assessment of your current financial
situation and prepare yourself to change habits. He stresses that
you must make getting rich a priority and devote the necessary
time to it--act immediately and don't wait until the perfect
moment to change your situation (hint: the perfect moment rarely
arrives.). Clearly written and filled with informative anecdotes
and examples, Automatic Wealth will not make you a millionaire
overnight. It could, however, make you one in a decade, and
that's a timeline most people can deal with. --Shawn Carkonen
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From the Inside Flap
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If you're worried about getting burned by financial
programs that promise you'll get rich quick—through unlikely
stock tips or high-risk trading strategies—and don't have the
patience to invest in a savings plan that takes thirty or forty
years to take advantage of the "miracle of compound interest,"
then you've picked up the right book.
In Automatic Wealth, self-made millionaire Michael Masterson
draws upon his own experience and that of experts in the fields
of retirement, investing, and real estate to offer you a complete
program on achieving financial independence. Organized around six
key principles, Automatic Wealth will show you how to develop
your wealth- building skills and habits and turn yourself into an
"automatic wealth-builder."
The proven program detailed throughout this book—one which
incorporates nothing but strategies that have personally worked
for Masterson as well as the people he's mentored—is broken down
into six easy steps:
* Facing the Facts—Here you'll discover what wealth means to you
and come to a realistic conclusion about what you need to do to
put yourself on a path that will allow you to live well and
retire comfortably.
* Plan to Become Wealthy—Offers simple, straightforward advice
that will prepare you for your journey.
* Develop Wealthy Habits—Illustrates how the right mind-set can
translate into more money.
* Radically Increase Your Income—Provides the framework for
making the money you want through real estate, investing, and
other proven financial vehicles.
* Get Richer While You —Reveals the best ways to create a
steady stream of income that will automatically flow into your
pocket.
* Retire Early—Explores proven approaches to wealth building that
will allow you to retire sooner than you might have expected and
still live comfortably throughout your retirement years.
Automatic Wealth follows a well-conceived plan that focuses on
building income and equity simultaneously. Filled with in-depth
in and practical advice, this unique guide offers specific
steps—including how to develop wealth-building habits now and how
to develop a three- to fifteen-year plan to reach millionaire
status—that will help you live a more fulfilling financial life.
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