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The Five Lessons a Millionaire Taught Me About Life and Wealth Hardcover – January 10, 2006
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From Publishers Weekly
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Copyright © American Library Association. All rights reserved
More About the Author
When Richard Paul Evans wrote the #1 best-seller, The Christmas Box, he never intended on becoming an internationally known author.
Officially, he was an advertising executive, an award-winning clay animator for the American and Japanese markets, candidate for state legislature and most importantly, husband and father. The Christmas Box was written as an expression of love for his (then) two daughters. Though he often told them how much he loved them, he wanted to express his love in a way that would be timeless. In 1993, Evans reproduced 20 copies of the final story and gave them to his closest relatives and friends as Christmas presents. In the month following, those 20 copies were passed around more than 160 times, and soon word spread so widely that bookstores began calling his home with orders for it.
His quiet story of parental love and the true meaning of Christmas made history when it became simultaneously the #1 hardcover and paperback book in the nation. Since then, more than eight million copies of The Christmas Box have been printed. The Emmy award-winning CBS television movie based on The Christmas Box starred Maureen O'Hara and Richard Thomas. Two more of Evans's books were produced by Hallmark and starred such well-known actors as James Earl Jones, Vanessa Redgrave, Naomi Watts, Mary McDonough and Academy award winner Ellen Burstyn. He has since written 10 consecutive New York Times bestsellers and is one of the few authors in history to have hit both the fiction and non-fiction bestseller lists. He has won three awards for his children's books including the 1998 American Mothers book award and two first place Storytelling World awards. Evans's latest book, The 5 Lessons a Millionaire Taught Me About Life and Wealth, is now available.
Of his success, Evans says: "The material achievements of The Christmas Box will never convey its true success, the lives it has changed, the families brought closer together, the mothers and fathers who suddenly understand the pricelessness of their children's fleeting childhood. I share the message of this book with you in hopes that in some way, you might be, as I was, enlightened."
During the Spring of 1997, Evans founded The Christmas Box House International, an organization devoted to building shelters and providing services for abused and neglected children. Such shelters are operational in Moab, Vernal, Ogden and Salt Lake City, Utah and Lucre, Peru. To date, more than 16,000 children have been housed in Christmas Box House facilities.
As an acclaimed speaker, Evans has shared the podium with such notable personalities as President George W. Bush, President George and Barbara Bush, former British Prime Minister John Majors, Ron Howard, Elizabeth Dole, Deepak Chopra, Steve Allen, and Bob Hope. Evans has been featured on the Today show and Entertainment Tonight, as well as in Time, Newsweek, People, The New York Times, Washington Post, Good Housekeeping, USA Today, TV Guide, Reader's Digest, and Family Circle. Evans lives in Salt Lake City, Utah, with his wife, Keri, and their five children.
Top Customer Reviews
The author does not ramble on with story upon story of people who got rich like some of its neighboring books in this genre, instead he uses just enough stories to illustrate the lessons and the key points of the book.
My favorite thing about the book is that it is ethical. In these last few years we have seen some of the richest men in America put into prison because of their greed and waste. Because books like these are finding their ways into the hands of down to earth people, the rich population of America is becoming less greedy and more charitable.
Another wonderful thing about the book is its length. Although I like The Millionare Next Door, and I do recommend it, it is longer and more cumbersom to read if you are not used to this genre. The Five Lessons is very short, I read it all last night in four or five hours.
The author has his prioroties straight, he says, very plainly, that life is not about money, but that it is about God and family. He states that money does not equal joy, but that it can help you to be able to help others and to improve the world around you.
The book does ask you to contemplate your character, how you would handle wealth and the power that comes with it. It is both logical and reflective.
The only thing people might not like about the book is that it is so shockingly simple that they might not apply it.
You might remember the story of Elisha the prophet, from the Bible, who told the sick king to wash in the Jordan River in order to be healed.Read more ›
In '46 household debt was 22% of personal disposable income - today it's about 110%. At age 65, over 50% are wholly dependent on relatives, Social Security, and welfare.
"The Five Lessons" goes on to point out that less than 20% of millionaires inherited even a small portion of their wealth, while over 80% of those winning the lottery are bankrupt within 5 years. Thus, planning, not luck, is paramount. Evans goes on to state that millionaires do not have stellar IQ's - their average GPA was less than a B, and Warren Buffett was rejected by the Harvard Business School.
Evans' Five Lessons: 1)Decide to be wealthy. 2)Take responsibility for your money - don't delegate, pass this off to others. Know where it is coming from and going. 3)Keep a portion of everything you earn - at least 10%. Stop living on plastic, and pay the cards off. 4)Win in the margins - get extra income, and save most of it.
Considerations Before Spending Money: 1)Is the expenditure necessary; can the same effect be obtained with less money? 2)Is it contributing or taking away wealth? 3)Is this an impulse or planned purchase? Just say "No" to salesmen needing an answer "right now" - the opportunities are always still there later. 4)Do not equate spending with happiness.
The remainder of the book contains suggestions on earning extra income and sources of savings.
"The Five Lessons" would be much more valuable if it provided some additional suggestions with powerful long-term impact. These could include getting married and choosing a partner willing to earn an income (vs.Read more ›
Most Recent Customer Reviews
This book is written in a way that is easy to read with great steps that one can take to come into a positive relationship with money... Read morePublished 5 days ago by Rev. Pat
Good book, good lessons. Not sure why it needed to mention Christian ideals a few random times though. If it were marketed as a Christian book, that's one thing. Read morePublished 2 months ago by Madeline Peters
Very practical and easy to apply the principles. I give this book as a wedding gift to every wedding we get invited to.Published 5 months ago by The Stubby Pencil's Library
It was ok, most of it was based on saving your money, I'm wanting to learn about really living a good life and having plenty to share and in order to do that by his standards it... Read morePublished 7 months ago by Shellie