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Automatic Wealth: The Six Steps to Financial Independence
 
 

Automatic Wealth: The Six Steps to Financial Independence (Hardcover)

by Michael Masterson (Author) "It doesn't take a genius to get rich ..." (more)
5.0 out of 5 stars See all reviews (1 customer review)
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Automatic Wealth: The Six Steps to Financial Independence + Seven Years to Seven Figures: The Fast-track Plan to Becoming a Millionaire (Agora Series) + Ready, Fire, Aim: Zero to $100 Million in No Time Flat (Agora Series)
Price For All Three: £36.72

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Product details

  • Hardcover: 288 pages
  • Publisher: John Wiley & Sons (24 Mar 2005)
  • Language English
  • ISBN-10: 047171027X
  • ISBN-13: 978-0471710271
  • Product Dimensions: 23.1 x 15.7 x 3 cm
  • Average Customer Review: 5.0 out of 5 stars See all reviews (1 customer review)
  • Amazon.co.uk Sales Rank: 106,728 in Books (See Bestsellers in Books)
  • See Complete Table of Contents

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Product Description

Amazon.com
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 opportunities.

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

Product Description
"I have known Michael for over twenty years. He has one of the smartest business minds I know. When he gives me advice, I pay attention, and you should, too. Automatic Wealth is full of wisdom and insight filtered by a master and brought to you in a well–written and delightful style."
–John Mauldin, Editor of the bestselling book, Just One Thing: Twelve of the World′s Best Investors Reveal the One Strategy You Can′t Overlook

"I am not usually a fan of this kind of book. One entitled Automatic Wealth made me suspicious. But I am a fan of Michael Masterson, and when I read the book, I was impressed. Masterson manages to go beyond the theory to tell you exactly how real people make real money in the real world. That, I think, is his genius. He′s able to open his own eyes and see for himself what actually works. The result is original, clever, and very helpful to anyone who is serious about building wealth."
–Bill Bonner, coauthor of Empire of Debt: The Rise of an Epic Financial Crisis

"Michael Masterson has been a great friend of mine for over twenty years. I know for a fact that the strategy he teaches is the exact same strategy he has personally used to amass extraordinary wealth and prosperity for himself. He′s reduced a normally daunting process down to six simple and unfailing steps YOU can absolutely use to vastly and rapidly increase your financial situation, often times doubling and redoubling your wealth every few years. This book will become your financial bible."
–Jay Abraham, author of Getting Everything You Can Out of All You′ve Got: 21 Ways You Can Out–Think, Out–Perform, and Out–Earn the Competition

"Michael Masterson′s book is brilliant and concise, packed with breakthrough insights and unique wealth–building tips. Best of all, it′s practical because it combines proven investment and financial planning advice with street–smart business and real estate secrets."
–Robert Ringer, author of Action!, Looking Out for #1, and To Be or Not to Be Intimidated?

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Inside This Book (Learn More)
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It doesn't take a genius to get rich. Read the first page
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5 of 6 people found the following review helpful:
5.0 out of 5 stars Not a snooze: how to sleep well and get rich, 3 Feb 2006
By Rolf Dobelli "getAbstract.com" (Switzerland) - See all my reviews
(TOP 50 REVIEWER)    (REAL NAME)   
The world is filled with get-rich schemes and early retirement plans. Michael Masterson’s book stands out because it blends common-sense advice with savvy investment strategies and a healthy dose of reality. Using personal stories and instructive examples, Masterson provides reality-based insights about achieving financial independence. The chapters on wealth-producing habits and investment diversification are especially helpful, although the multiple sections on real estate investments make the book slightly repetitive. It might have benefited from tighter editing. This is a lively book with helpful suggestions and examples about generating wealth and achieving financial independence. We recommend it to those who seek a healthier income statement, early retirement or both.
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