Automatic Wealth: The Six Steps to Financial Independence

by Michael Masterson

Book Overview

"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...

• Format: Hardcover
• Language: English
• ISBN: 047171027X
• ISBN13: 9780471710271
• Release Date: February 2005
• Publisher: John Wiley & Sons
• Length: 278 Pages
• Weight: 1.10 lbs.
• Dimensions: 1.0" x 6.3" x 9.1"

Customer Reviews

Invaluable guide

How I wish I had this book starting out! What makes this book special is its brilliant niche: it performs a true service for anyone starting out... or even starting over. We get so little training in economics--if we get any at all. Plus, when we're young, we tend to think we have all the time in the world, and fail to take the long view. I know I did. This book addresses these educational defects. In addition to the sound practical advice, Masterson's philosophy puts a new spin on "win-win". This book is a winner.

Great book even if your not "just starting out"

I've been in the working world for a while now, so buying this book for myself never crossed my mind. But after purchasing it as a gift for a family member, I was so impressed with what I read (I skimmed through the chapters to see what it was all about) that I bought a copy for myself! This book is filled with tons of great information and real-life examples from the author's past experiences. I highly recommend this book to people not only just starting out, but anyone looking to improve their financial future.

If you just started a business GET this book!

As a mompreneur,I had to have this book.It showed me how to set up a plan to save for me,and my business.Also,my kids can learn many ways to succeed in their first jobs,and not be dependent on family. That's an incredible gift to give to our future generations.I can encourage them by the results my business has had to be their own boss.Heather,Tx

Automatic Wealth for Grads ... and those of us who are behind!

Thankfully I started learning from Michael Masterson a few years ago through AWAI and Early to Rise, so I'm now well on my way. I just wish I had this book when I was getting out of college. Even though I'm only in my late twenties now, I'd be so much further ahead! I personally burned through this book last weekend and today just finished revising my professional and financial goals for the next few years. Along with buying copies for my two college roommates who still have not "figured it out," I bought copies for my younger cousins who will be graduating in the next few years. (Now it's up to them!)

Nicely Done

Masterson begins like few people do when writing about wealth. In a very kind way he shares with you that if you are 25 and follow the millionaire next door strategies you will indeed grow wealthy...and you will. But if you are 40...or 50 you haven't got a chance beginning with those strategies today. Masterson then eliminates the should be obvious but never is...fact that wealth doesn't happen on accident. You'll need to plan and do. (More rare human behavior) More good advice (it's all pretty much good advice in this book by the way) then he comes to the point. Do something that will make you rich. Doctor, dentist, engineer: You don't have to be in business. Pretty much everyone else needs to be in an entrepreneurial venture. And of course this is the only viable option for building wealth for the 40 plus who isn't one of those professions (or like them). He shares some useful tips about passive income and indeed that is WHERE it IS all at in wealth building. If you got it, you get it, if you don't...you are not doing it right. A really impressive primer on wealth building. I enjoyed it. I always pick up ideas from Masterson and I find him one of the sharpest minds in business. Kevin Hogan Author of The Science of Influence and The Psychology of Persuasion