The Money Coach's Guide to Your First Million: 7 Smart Habits to Building the Wealth of Your Dreams [Hardcover]

Lynnette Khalfani (Author)

Book Description

Publication Date: August 1, 2006

As seen on CNBC, “Dr. Phil,” “Starting Over,” and “Tavis Smiley”

Each day, nearly 25,000 people in the U.S. become millionaires….

Why not you? All it takes is smart planning, shrewd investing, and a little personal coaching-from the world-renowned Money Coach, Lynnette Khalfani. She's living proof that you can go from rags to riches if you follow a few simple guidelines. Believe it or not, Lynnette managed to dig herself out of $100,000 of credit card debt, turn her life around, and become a millionaire herself. Even more amazing: You can do it, too.

The Money Coach's Guide to Your First Million tells you exactly what to do. First you'll formulate an easy-to-follow budget that fits your lifestyle. Then you'll be able to construct a plan to get out of debt, establish perfect credit, and save a bundle, using the same strategies the wealthy do to manage the money they have-and to keep making more.

Soon you'll learn how to invest in stocks and bonds (without losing your shirt) and make a fortune in real estate (without becoming a landlord if you don't want to.) You'll learn the financial benefits of entrepreneurship and discover the SMART way to set goals (Specific, Measurable, Action-oriented, Realistic, and Time-bound.) You'll avoid the most common financial pitfalls and come out on top every time. In fact, you're just 7 steps away from your first million!

The Money Coach's “Millionaire Success Formula” will show you how to:

Make a personal prosperity plan

Invest first, last, and always in your reputation

Live like a lender, not a borrower

Leverage the power of property

Increase your fortune with proven methods not shortcuts

Overcome setbacks and minimize risks to your financial health

Never forget the next generation

Editorial Reviews

From the Back Cover

The New York Times Bestselling Author

Reveals Her Success Formula to Financial Security!

"The Money Coach's Guide to Your First Million will make you financially healthy, wealthy, and wise. It's seven-step plan is worth its weight in gold."--Tavis Smiley, Author, Television & Radio Host

"Lynnette Khalfani's The Money Coach's Guide to Your First Million is compelling for wanna-be millionaires, making you a millionaire-in-training upon opening the cover! It gives you basics for getting your house in order from which to launch your financial future. Anyone can get started toward financial freedom with this book."--Kenneth L. Fisher, Founder and CEO, Fisher Investments and 22-year Forbes "Portfolio Strategy" columnist

"Just starting out in the world of money? Khalfani's patient and prudent approach is the kick in the pants you need to get on the road towards financial freedom."--Jonathan Hoenig, Portfolio Manager, Capitalistpig Hedge Fund LLC and Fox News Channel personality

"Lynnette Khalfani has written a great little book with many gems to guide you toward your first milion. It's got terrific material on planning, paying down your debt, understanding real estate investments, and even how to avoid the obstacles that could kill off your efforts."--Dr. Van K. Tharp, Trading Coach and Author of the New York Times bestseller Safe Strategies for Financial Freedom

About the Author

Lynnette Khalfani, The Money Coach, is a personal finance expert and author of the New York Times bestsellers Zero Debt and Investing Success. An award-winning journalist and former Wall Street Journal reporter, she has also worked as a television reporter at CNBC and has been featured in The New York Times, USA Today, Redbook, Essence, and Black Enterprise. Lynnette conducts financial workshops nationwide, and offers one-on-one coaching to teach individuals, couples and families to better manage their finances. Visit her website and sign up for her free personal finance newsletter at www.themoneycoach.net.

Product Details

• Hardcover: 240 pages
• Publisher: McGraw-Hill; 1 edition (August 1, 2006)
• Language: English
• ISBN-10: 0071470816
• ISBN-13: 978-0071470810
• Product Dimensions: 9.1 x 6.2 x 0.9 inches
• Shipping Weight: 1 pounds
• Average Customer Review: 4.8 out of 5 stars  See all reviews (12 customer reviews)
• Amazon Best Sellers Rank: #610,034 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

15 of 15 people found the following review helpful:

5.0 out of 5 stars Million is Awesome - Read this and loan it to your best friend!, December 11, 2006

By 

James Thomas (New York, NY) - See all my reviews

This review is from: The Money Coach's Guide to Your First Million: 7 Smart Habits to Building the Wealth of Your Dreams (Hardcover)

I read the author's previous book, Zero Debt: The Ultimate Guide to Financial Freedom about a year ago and have just finished reading The Money Coach's Guide to Your First Million after seeing book and author on Oprah and then again on Rachael Ray.

Khalfani is probably one of the best personal finance experts in the country. Million is easy to read, understand, and most of all, it provides a strategy that anyone can master to get on the road to financial success. The book is written in a conversational tone that will not intimidate someone new to the world of personal finance, but at the same time, it will not be so basic to turn off someone already self managing his/her finances.

Anyone that has just started to turn the corner financially will appreciate her advice about handling large sums of money including windfalls and sudden wealth.

If you are deep in debt, I recommend that you read her previous book, Zero Debt, then follow-up by reading Million.

12 of 12 people found the following review helpful:

5.0 out of 5 stars satisfied customer, November 8, 2006

A Kid's Review

This review is from: The Money Coach's Guide to Your First Million: 7 Smart Habits to Building the Wealth of Your Dreams (Hardcover)

The Money Coach's Guide is a very practical book. The author's style of writing is easy to understand and she compels you to move forward. She shares the bad decisions that she made regarding money, her twisted views of what she thought, at the time, money was to be used for. She also shares some bibical principles. She really helped me to understand that having a budget is necessary and that having a strategic plan for your first million is critical. This book is a Must for all millionaire minded people.

17 of 19 people found the following review helpful:

5.0 out of 5 stars The Money's Coach Guide, September 11, 2006

By 

Harrine Freeman "H.E. Freeman Enterprises" (Bethesda, MD) - See all my reviews

This review is from: The Money Coach's Guide to Your First Million: 7 Smart Habits to Building the Wealth of Your Dreams (Hardcover)

This is an excellent book! It should be at the top of everyone's reading list. The book provides information on various financial topics such as how to manage your money, pay off debts, various ways to invest, and how to protect your finances. One of the most powerful statements in the book is that, you should live like a lender, not a like a borrower. This statement moved me so much I called everyone I knew and told them to buy the book. One of my friends bought the book the next day. This book will definitely change your mindset about finances and how to generate wealth other than working a 9 to 5. Happy Reading!