Resources> Recommended Reading

 

There are many and numerous texts on investment and financial markets to choose from. The list here came highly recommended from John Mauldin, the president of Millennium Wave Investments, a recognized expert and leader on investment issues. John Mauldin is a prolific author, writer and editor of the popular Thoughts from the Frontline e-letter which goes to over 1,500,000 readers weekly, and is posted on numerous independent websites. He is also a frequent contributor to other financial publications, including the Fleet Street Letter and The Daily Reckoning.

Book Editorial comments and Reviews are from Amazon.com



Automatic Wealth: The Six Steps to Financial Independence

by Michael Masterson


Editorial Review: (from 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

next