Customer Reviews

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

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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.

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.

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!

I am not good with finances, but am determined to learn how to manage our money better. This book was a terrific place to start and everything was explained in simple language so that it made sense to me. I bought this book for both of my children in college and told them to read it cover to cover to help them set up a personal financial management plan. The book covers the basics, such as how to develop a budget that works, and also provides more details about things like how to make money in real estate and other investments. There are some excellent pieces of advice about how to get out of debt and prepare for unforeseen events that affect financial stability. Khalfani has really covered all the bases. I recommend it to anyone just starting to get their finances in order.

Get a pen and paper ready when you read this book. I took numerous pages of notes because all the information is needed at your fingertips to remember everything she discusses in order to succeed. The book gets you motivated from the beginning by doing exercises about debt and future goals. It becomes a valuable tool since you pick one short, medium and long term goal, and begin some sort of savings account for each one.

The most unique thing about this book is it speaks to the very common investor. You don't have to earn a lot or have tons of start up money to invest. There are options discussed on how to invest in real estate that are very valuable.

My only issue with the book was how effortless Khalfani seemed to erase her debt. Most of us don't make six figures, so it takes longer than she did to get out of the hole. The book does describe how to eliminate debt, and not the typical things every other author has written "Don't spend more than you make." But realistically you're probably not going to do it in the time Khalfani did. She had debt around $100,000 and paid it off in a year or so.

This is a great book for those looking to get control of debt and slowly jumping into the world of investing. You will be excited and ready to reach the goals you set in the exercises early in the book. Heck, you may even start setting up the spreadsheets recommended to track debt and monthly expenses. I use the spreadsheets and it has helped me keep track of my spending and given me the ability to make changes where I excessively spent in the past. The debt is slowly being erased at a rate that was my goal to reach, so it has also helped build stronger morale since the debt is finally going away.

This book is a must for anyone especially women who are intimidated by what money is or what it can do for them. It is a great teacher. You can pick it up and take one step at a time. I suggest that you do as she says. the exercises are enlightening, very helpful to see your finances objectively so you know where you are and where you want to be!! Most important do not judge yourself - just start doing what she says now and create your financially future responsibly! Best of luck to you as your financial wealth grows!

Not too short and not too long. detailed and specific. it makes sense, informative, and entertaining.

This book will be kept on hand for reference. I will definitely refer it to others, but will not loan. I have had great books get away from me in the past. Not this one.

This book is easily the best book I've read on personal finance. It is simple and yet very effective. It covers a broad range of money topics:
-Real Estate
-Credit
-Budget
-Insurance
-Road Blocks to Millions
-Investing in YOURSELF
-Passing it on to your kids
Each sectiuon is filled with advice and examples to help you become a millionaire. I see now how she can make the claim and live up to it. The techniques here will ensure that you stay smart about your finances. She teaches you how to save millions and earn millions. It's easy to save your way to millions. A little goes a long way. Khalfani says to invest in yourself. One way is to finish college. Statistics show that those who finished college earned a million dollars more over their lifetime than those who didn't. She also shows you how to save on college expenses. College expenses can top $100,000 at a private four year university. She suggest going to a community college for two years then finishing the rest at the university of choice. This little tip will save thousands and help you earn thousands more.
I love even more the story of the two best friends who lived nearly identical lives. The only difference is that one had bad credit, while the other had good credit. Over their lifetime the one with bad credit constantly paid more for the same items(car, tv, insurance, mortgage) then the one with good credit. Over their lifetime, Bad Credit cost the guy over $1,000,000, while good credit SAVED $1 million dollars for the guy with good credit.

I just finished reading Lynnette Khalfani's "Money Coach's Guide to Your First Million" book and will definately be recommending it as a must read to my friends. Now, it's not like Khalfani has any new words of wisdom on how to make it happen but she has a great writing style, lots of facts, and is highly motivational. Would you like to be a millionaire??? Others are. Others will be. Why not ME? Why not YOU??? Khalfani stresses the importance of goals, using integrity, and turning positive habits into positive results. Of all the advice in the book, the most important one is to start TODAY. Do something. List your goals. Brainstorm your talents. Shop for insurance. Yes, you CAN be a millionaire ... 25,000 people become millionaires every day. You'll come out with a whole new attitude with the phrase, "what's in your wallet?"