The Millionaire Kit: Surprisingly Simple Strategies for Building Real Wealth [Paperback]

Stephen L. Nelson (Author)

Book Description

Publication Date: September 14, 1998

It's not as hard as you might think. In fact, with just a few adjustments in your spending habits and some smart investing, you can accumulate the kind of wealth most people only dream about. In The Millionaire Kit, bestselling author Stephen Nelson provides the tools you need to find hidden income and put it to work for you to achieve financial independence--whether that means saving a million dollars or just reaching your own financial goal. The Millionaire Kit's step-by-step instructions and easy-to-use software tools allow you to:


Define exactly what financial independence means to you and find out why you may need more--or less--money than you thought.

Save thousands of dollars every year on housing, cars, credit, and insurance--and then turn those savings into even more wealth through a supercharged investment program.

Build a financial safety net that protects you and your family.


Unlike Quicken and other money management programs (though complementary to them), the  Millionaire-Maker Software CD-ROM provides the diagnostic tools you need to  allow you to:


Compare interest rates on available loans
Analyze the benefits of buying or leasing a home or car
Reconfigure your investments for the best tax advantage
Determine the long-term cost of bad habits


System Requirements:

(PC) Microsoft Windows 3.1 or later, Microsoft Windows NT 3.51 or later, Microsoft Windows 95, or Microsoft Windows 98.

(Macintosh) MacOS System 7.6 or later. (All) Three megabytes of available disk space and a CD-ROM drive.

Editorial Reviews

From Booklist

It is difficult to be more simple than financial writing professionals like Jane Bryant Quinn or to offer unique and fabulously inventive insights into building wealth. Nelson, author of Quicken 6 for Windows for Dummies (1996) and 20 other books, does both--and well. One, his kit actually includes a CD-ROM for calculating all the figures and information provided in the text, whether it is the best mortgage deal or the most advantageous lease arrangement. And, two, he advocates some eyebrow-raising moves, ideas with which many certified financial planners may disagree. For instance, avoid loaner instruments such as CDs and T-bills, since they do not fully take advantage of compounding. Redirect that extra $100 socked into repaying the mortgage principal every month, for you are far better off plunking that sum into wealth-accumulation vehicles. Barbara Jacobs

From the Inside Flap

It's not as hard as you might think. In fact, with just a few adjustments in your spending habits and some smart investing, you can accumulate the kind of wealth most people only dream about. In The Millionaire Kit, bestselling author Stephen Nelson provides the tools you need to find hidden income and put it to work for you to achieve financial independence--whether that means saving a million dollars or just reaching your own financial goal. The Millionaire Kit's step-by-step instructions and easy-to-use software tools allow you to:


Define exactly what financial independence means to you and find out why you may need more--or less--money than you thought.

Save thousands of dollars every year on housing, cars, credit, and insurance--and then turn those savings into even more wealth through a supercharged investment program.

Build a financial safety net that protects you and your family.


Unlike Quicken and other money management programs (though complementary to them), the  Millionaire-Maker Software CD-ROM provides the diagnostic tools you need to  allow you to:


Compare interest rates on available loans
Analyze the benefits of buying or leasing a home or car
Reconfigure your investments for the best tax advantage
Determine the long-term cost of bad habits


System Requirements:

(PC) Microsoft Windows 3.1 or later, Microsoft Windows NT 3.51 or later, Microsoft Windows 95, or Microsoft Windows 98.

(Macintosh) MacOS System 7.6 or later. (All) Three megabytes of available disk space and a CD-ROM drive.

See all Editorial Reviews

Product Details

• Paperback: 216 pages
• Publisher: Three Rivers Press (September 14, 1998)
• Language: English
• ISBN-10: 0812930045
• ISBN-13: 978-0812930047
• Product Dimensions: 9.2 x 7.6 x 0.8 inches
• Shipping Weight: 1.6 pounds
• Average Customer Review: 4.4 out of 5 stars  See all reviews (5 customer reviews)
• Amazon Best Sellers Rank: #3,796,151 in Books (See Top 100 in Books)

More About the Author

Stephen L. Nelson, MBA, CPA, provides accounting, business advisory, tax planning, and tax preparation services to small businesses. He belongs to the American Institute of CPAs and is a prolific author.

Customer Reviews

Most Helpful Customer Reviews

8 of 8 people found the following review helpful:

4.0 out of 5 stars Very interesting, and helpful, October 30, 1998

By A Customer

This review is from: The Millionaire Kit: Surprisingly Simple Strategies for Building Real Wealth (Paperback)

I found this book easy to understand and a surprisingly quick to read. I don't really want to be a millionaire for the sake of being rich, but it's nice to know how to plan it right, and retire in 20 yrs and never work again.

Some of the ideas were definitely not tradional beliefs (like, it may make more sense to rent a house than buy one) But It makes perfect sense when you see the big picture.

The title is a pretty cheesy, and not really what the book is about... it should really be called "How to become financially independent through saving and investing"

Most people have access to a 401K plan.. which is basically what the book focusses on, but there's lots of other good info on how to save on insurance and a scary "Cost of Habit" calcualtor that tells you how much money you could make in 20 years if you quit drinking espresso... or quit smoking... Yikes!

Overall it was very informative, and helpful for just about anyone who is interested in knowing how and where to save your money, and how to turn it into a nice little nestegg.

7 of 7 people found the following review helpful:

5.0 out of 5 stars Don't be put off by the title, March 24, 1999

By A Customer

This review is from: The Millionaire Kit: Surprisingly Simple Strategies for Building Real Wealth (Paperback)

Although the title of this book is rather trite the content is not. Nelson does a great job of weighing the various pros and cons of common financial decisions. (I recently took his advice and began putting a small 'windfall' into my 403b account - doubling the monthly amount taken out of my salary. And just like he stated with taxes being reduced my paycheck was NOT reduced to the extent that I thought it would be. I also learned much about adjusted mortgage rates. Although sometimes Nelson's advice is controversial he lays it out in a logical and convincing format. I particularly enjoyed the dicussion about what retirement is and isn't. It's a simple cliche', but money doesn't buy happiness -- it just helps to deal with certain stressors better! By the way the CD-ROM is great. Very practical tools for strategizing scenarios with your money. Buy this book!!

5 of 5 people found the following review helpful:

5.0 out of 5 stars Concise, complete and very practical, December 4, 1998

By A Customer

This review is from: The Millionaire Kit: Surprisingly Simple Strategies for Building Real Wealth (Paperback)

I really like this book - it is complete and easy to read. The concepts described are straightforward and organized so the book can be read over many sittings, if desired, without losing the big picture. The emphasis is "bit-by-bit" saving and investing ideas combined with interest compounding to build wealth.