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Automatic Wealth for Grads... and Anyone Else Just Starting Out by Michael Masterson
Book Summary InformationAuthor: Michael Masterson Foreword: Mark Skousen Edition: Hardcover Audio: English (Original Language); English (Unknown); English (Published) Published: 2006-03-31 ISBN: 0471786764 Number of pages: 256 Publisher: Wiley Accessories:
Book Reviews of Automatic Wealth for Grads... and Anyone Else Just Starting OutBook Review: Great tips on working your way up in the business world Summary: 5 StarsThis book offers some very good, practical advice.
The first chapter alone about Compound Interest is worth the price of the book. This is very valuable advice every young person must know. Even if one chooses to be a 9-5 worker the rest of his/her life, investing in a 401(k) and letting compund interest do its thing can still make that person a multi-millionaire. And of course the other chapters are for those who wish to become millionaire's, or at least wealthy, before the typical retirement age.
Included are tips on: How to work your way up the company ladder (hard work, humility, cooperation), how to pick the right profession for you, and the profession where you stand the best chance of making money, the advantages and practicality of starting your own business, investing in real estate, investing in the stock market, and finally how to enjoy your money. While some chapters may be more useful for some than others, everyone can find at least a few things that will greatly increase his/her chances of acquiring wealth.
Summary of Automatic Wealth for Grads... and Anyone Else Just Starting Out"Michael Masterson has personally helped more people achieve financial independence than anyone else I know. He has been a valuable mentor in my own life. Michael's credentials go far beyond the fact that he is an extremely successful businessman. (There are thousands of those.) He has a unique gift for discerning-and explaining in easily accessible terms-what it really takes to succeed. Automatic Wealth for Grads will give any young person a tremendous headstart for achieving their financial and professional goals at a very young age." -Justin Ford, author of Seeds of Wealth: An Incredible Wealth-Building Plan for Your Children and Editor of Main Street Millionaire "Only time will tell whether you will have the guts and honor to follow Masterson's masterful plan. Good luck!" -From the foreword by Mark Skousen, Adjunct Professor, Columbia University, 2004-05 and Benjamin Franklin Chair of Management, Grantham University Organized around proven wealth-creating principles, this invaluable guide reveals powerful techniques and strategies that have personally worked for Michael Masterson as well as for the many people he's helped become wealthy and successful. Filled with in-depth insights and practical advice, Automatic Wealth for Grads will show you how to: - Choose a great career, get your first job, and rise to the top of your field
- Continuously increase your income on a fast-track basis, and get the biggest raises of your life
- Profit from the real estate market-even in today's uncertain market
- Start or gain equity in a business that will provide an automatic future income stream
- Invest in the stock market, save money on taxes, make purchases that appreciate, reduce your credit costs, and achieve financial independence while you are still young enough to enjoy your money
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