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A Review of “The 5 Lessons a Millionaire Taught Me”
By JLP | September 4, 2006
It’s not a new book, but I did finally get around to reading The Five Lessons a Millionaire Taught Me by Richard Paul Evans. I enjoyed it. Here’s why:
1. It’s short and very easy to read. It can easily be read in one sitting as it is just a little over 100 pages long.
2. It’s a “get-your-feet-wet” kind of book. In other words, you’re not going to find answers to general personal finance questions. Instead, what you will find are 5 simple lessons that can help you learn to build wealth.
3. The Five Lessons are easy to learn:
- LESSON ONE – Decide to Be Wealthy
- LESSON TWO – Take Responsibilty for Your Money
- LESSON THREE – Keep a Portion of Everything You Earn
- LESSON FOUR – Win in the Margins
- LESSON FIVE – Give Back
4. The author gets to the point as he did in this passage on page 67:
An employee of mine desired a new car. It was too expensive for their income, but she was intent on convincing me that it was the right choice for her.
“My husband is about to get a raise. Why shouldn’t we have a nice car? Don’t we deserve it?”
Deserve it? She had just regurgitated the greatest marketing sham ever proagated on the American consumer – the result of years of advertising brainwashing. She deserves what? To find happiness based on something that will decay and lose value within a year, yet will continue to financially enslave her long after her long after her inatuation with the metal is gone? In the words of my teenage daughter: Is this a good thing?
5. The book has a resource section with Net Worth Forms and Cash Flow Worksheets that you can use. Or, you can simply go to TheFiveLessons.com and use the forms here and here.
Finally, the coolest thing about the book is the fact that 100% of the author’s profits from the sale of the book are going to the Christmas Box Foundation, a foundation the author set up after the success of his book, The Christmas Box.
Topics: Books, Budgeting, Net Worth Statement | 2 Comments »
September 5th, 2006 at 8:09 am
I browsed through the book at Barnes and Nobles and agree that it does have a good message. Anytime someone is educating and giving back at the same time is inspiring. I’m still reading Achieving Financial Prosperity, I hope to finish it today. Thanks again.
September 8th, 2006 at 5:21 am
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