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How to Become a Millionaire: It Really Could Be You! Hardcover – 5 Oct 2000

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Product details

  • Hardcover: 205 pages
  • Publisher: Texere Publishing (5 Oct. 2000)
  • Language: English
  • ISBN-10: 1587990296
  • ISBN-13: 978-1587990298
  • Product Dimensions: 15.6 x 23.4 cm
  • Average Customer Review: 3.4 out of 5 stars  See all reviews (9 customer reviews)
  • Amazon Bestsellers Rank: 749,076 in Books (See Top 100 in Books)
  • See Complete Table of Contents

Product Description

Amazon Review

There are a hundred get-rich books out there, but it always pays to examine the credentials of the guys who wrote them--after all if they've discovered the Midas Touch, why aren't they out there making money instead of writing about it? Jim Slater, of course, has the CV to back up his words. One of the most notorious financial whizzkids of the 1960s, he rose to head up the giant Slater Walker financial conglomerate before crashing, burning, dusting himself off--and then making a million all over again.

How To Become a Millionaire is the fourth in his series of books demystifying investment and the acquisition of riches for small investors. And there is an evangelistic zeal and irresistible sense of fun about the whole process--Slater hates to see people not making the most of their money and he wants to share his secrets. And though he wants you to get rich, he makes no pretence about getting rich quick. "If this is your fantasy there are plenty of other publications to indulge it", he says pointedly. This is get-rich-slow, in fact. There are no magic formulas or high-risk strategies and, as far as possible, Slater and former Independent City Editor Tom Stevenson steer clear of mind-bending maths. You will discover a point-by-point personal strategy for maximising the return on your savings, eliminating wasteful investments and harnessing compound interest to turn your small nest egg into a future million. And if that all seems simple... it is. Slater's is a twin-pronged strategy of capitalising on the steady growth in property and the stock market, as you buy your home--and then use your mortgage payments to invest in tax-shielded ISAs.

The authors offer a selection of models--for the risk-averse and the daring alike. Choose your level of risk, then, as property and share prices reliably outstrip inflation, watch your investments compound and grow. As a focus on "the steady, relentless accumulation of real wealth through intelligent investment", this book takes some beating. --John Rennie

Review

If anyone knows the secret of becoming a millionaire it is Jim Slater. He has done it himself more than once. His original approach combined with measured thinking of Tom Stevenson, who is one of the country's most respected journalists, have produced a book that is both a page turner and a work of reference. -- Terry Bond, private investor and a director of ProShare.

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Customer Reviews

3.4 out of 5 stars

Most Helpful Customer Reviews

9 of 9 people found the following review helpful By A Customer on 19 Nov. 2000
Format: Hardcover
It's very rare that I return books to Amazon. But I will definitely be returning this one.
This is (mostly) a rehashing of previous books by Jim Slater. As usual, he has his own, very individual ideas about how to make money from the stockmarket.
Some of these, already previously stated in previous books, make practical sense at a very basic level.
However, except for the very beginner, the book adds little value over and above the rehashing. As for making you a millionaire - or even a very successful investor - this book is a total non-starter.
I don't need to buy this book to know that investing on the stockmarket over the very long term is a good bet, and perhaps you can tap into this by getting a mortgage ISA - which is essentially what this book says.
I need to buy investment books to give me ideas on how I can make money from the stockmarket over the shorter term. In other words, I need practical advice/techniques/information - not theoretical, academic essays.
I will definitely not be seeking to subsidise Jim Slater's retirement by buying this book.
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10 of 10 people found the following review helpful By Darren Hodgson on 2 Nov. 2003
Format: Paperback
I was new to investing when I first read this book and for me as a newbie it was superb. It is an excellent place to start for any wannabe investor with a good recommended reading section for whichever style of investing you choose to take up. It's an easy read that is directed at the newbie investor so if you fall into this catagory this is a MUST READ.
however for the experienced investor you will learn very little from this book and I would not recommend it to you.
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16 of 17 people found the following review helpful By Dr. R. J. Eastwood on 21 Nov. 2001
Format: Hardcover
Despite each subsequent chapter saying essentially the same as the previous with a little more breadth, the book gives plenty of good ideas for how to accumulate a million by the time one retires. Unfortunately, to do so the author advocates scrimping and saving, and being miserly and miserable for your entire working life. Not my idea of an enjoyable way to spend one's years. Surely a calculated middle ground would be more sensible.
This book is intended to sell on its title - well it suckered me! Rather amusingly though, the author unwittingly parodies his own work throughout, peaking at the key phase - "a dollar spent is a dollar lost". If you want to save money, don't spend any on a book with a title like this. Go and see a financial advisor instead.
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4 of 4 people found the following review helpful By A Customer on 5 May 2003
Format: Paperback
There is a lot of good common sense advice in this book ( I have only got about 1/2 way through so far), however the writers continually assume that a 15% investment growth rate is easily achievable and a lot of their advice about surrendering endowments is based on this. The book was first published in 2000 and updated in June 2002.
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8 of 9 people found the following review helpful By A Customer on 14 Feb. 2001
Format: Hardcover
This book is a great book to introduce you to the world of 'having loads of cash'. It is very easy to read and explains the concepts in a simple and easily understood manner. But once all the basis concepts are out of the way there's not much advanced information. Therefore I strongly recommend it if you're a beginner, but not if you have a good idea about what personal finance is all about.
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