80 Proven Ways to Become a Millionaire, All you need is two or three! [Hardcover]

Paul Damazo (Author), Clifford Goldstein (Editor)

Book Description

Publication Date: May 25, 2007

You will Learn: How to be like Arkad, the richest man in old Babylon, who was rich, generous, and each year his wealth increased faster than he spent it; How newlyweds can be worth $10 million 20 years from their wedding day; Two simple investments that will pay you 100% per year for life; How to become a millionaire, even if you're starting late!; How to have your money work hard for you, rather than you working hard for your money; How to have multiple streams of ongoing income, even in retirement. This book will be a gigantic help to all ages regardless if you are single, married, divorced, and are a parent or not This book covers finances from the womb to the tomb, and offers significant financial solutions and options. It wll teach you how to take charge ofyour own financial future. This book can change your financial life now, and for the rest of your life. It can also change the financial life of your children and granchildren. If every person could get out of debt, save and invest for themselves, and make the choice to be rich, their lives would change significantly. There would be a snowball effect that would also change this country. There would be more savings, which would create more jobs. The government would be able to spend less on taking care of people, which would mean lower taxes, which would mean more money in your pocket.

Editorial Reviews

Review

I have read over 400 books on personal finance and without a doubt this book is in the top three! --Leo Schreven, Director/Speaker, All Power Seminars

This book is probably the best book on financial planning in existence today! It takes the theory of finance and makes it easy to understand and follow with achievable results. --George O. Ogum, Ph.D., Professor of Finance, La Sierra University

This is a powerful text that outlines Paul's proven methods of becoming a winner in a rough and tumble economy, not a get-rich-quick manual. --Dr. Roland J. Hill, Author, #1 Theo-Economist in the U.S.

About the Author

Having started his first business at age 11, Paul has extensive experience in building many profitable, successful businesses. His latest, begun with one person, quickly grew to more than 2,500 employees within five years. In less than 14 months following college graduation, he completed a full-time dietetic internship and obtained a master s degree in administrative dietetics with a 3.9 from Florida State University. Later he became a registered industrial engineer, a skill that he used extensively in his businesses. For 21 years, he taught part-time in the graduate schools of Loma Linda University and UCLA, both in Southern California. And his passion for finance and investing became his hallmark. Paul started investing at the age of 15. For 50 years his proven investment strategies have earned him an annual average return of 15% or more. He says his biggest financial mistake was to give $11 million to various charities by age 45. Due to the miracle of compounding interest, had he kept that money invested instead of giving it away, he would have been able to contribute $11 million to 273 charitable organizations today. For the past 20 years, he has helped untold numbers of people all across the country with his seminars on Wealth Creation and Wealth Preservation. He has a passion for helping people, especially young people, to have a more peaceful, happy life by making better financial decisions.

Product Details

• Hardcover: 256 pages
• Publisher: SG&A Productions, Inc; 1st edition (May 25, 2007)
• Language: English
• ISBN-10: 0979313988
• ISBN-13: 978-0979313981
• Product Dimensions: 9.1 x 6.1 x 0.9 inches
• Shipping Weight: 1 pounds
• Average Customer Review: 4.1 out of 5 stars  See all reviews (8 customer reviews)
• Amazon Best Sellers Rank: #243,560 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

13 of 15 people found the following review helpful:

2.0 out of 5 stars Method #81 to be a millionaire, February 11, 2009

By 

Jeremy J. Cargile - See all my reviews
(REAL NAME)   

This review is from: 80 Proven Ways to Become a Millionaire, All you need is two or three! (Hardcover)

This book should include proven way #81 to become a millionaire, save the $30 dollars you would spend on this book and invest it somewhere else.

I was very excited about this book after hearing Mr. Damazo on a radio program, but that excitement turned to disappointment after I received the book. Like most "self-help" books, the actual useful information could be condensed into a 10-20 page pamphlet. In an effort to help make you rich, let me sum up the book to save you $30:
1. Spend less than you make
2. Don't take on debt
3. Save money and invest it

Seems pretty simple doesn't it? Well, if you believe Mr. Damazo, you'll be able to take that money and get a 15% annual return! When I heard that, I thought "this is the book for me". There is actually very little real investment advise, even fewer specific numbers, and disclaimers throughout such as "the calculations are from interactive online calculators and are not intended to provide investment advice. Taxes and inflation were not considered for obvious reasons." (page 254)

On closer examination, the numbers don't add up. For instance, Mr. Damazo shows how a family can pay off several credit cards, an auto loan, and a mortgage in just a few short years. He starts off by cutting $500 from the family's expenses to pay the first card off in one month. He then carries that over to another card, cutting another $100 of expenses to pay it off in a little over a month. He rolls the total amount being spent ($100 of original payment on each) to now pay $800 a month on the third card. By the time he reaches the mortgage, he cuts another $175 in expenses. For those keeping track, that $775 PER MONTH of reduced expenses. If I did that, I'd be eating nothing but Ramen noodles, reading by candlelight, and never heating my home.

Overall, I found the math fanciful at best. I would challenge anyone to take this book into a reputable financial planner and say "I want to do this". They will laugh you out the door.

The book is admirable in its attempt, and there are a few pearls of wisdom, many in the form of quotes from other authors and noted investors like Warren Buffet. But like so many books in the genre, 75% of the time is spent referring to the remaining 25%. I am by no means a fast reader, but I got through all 250 pages in a few hours. If this book sounds interesting, borrow it from a friend or check it out from the library. But don't count on it to do anything more than inspire you to look at where you spend your money or pay off your credit cards.

This book will not make you rich. The financial projections are optimistically high to say the least, and most of the gains are only on paper. The real lesson here is that the only proven way to become a millionaire is to save $1,000,000. And I didn't need a $30 book to tell me that.

9 of 10 people found the following review helpful:

4.0 out of 5 stars 80 Proven Ways to become A Millionaire - Paul S. Damazo, April 15, 2008

By 

Linda Dawson "Linda Dawson" (Oklahoma City, OK) - See all my reviews
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This review is from: 80 Proven Ways to Become a Millionaire, All you need is two or three! (Hardcover)

I own this book and found it to be a great financial book for anyone. It is not just ways to make money but ways to save and invest money. It would be great for anyone considering starting a business. It also discusses mindset and how to do it whether starting out or retireing.

It discusses how to get out of debt, how to invest, how to make money, how to think about money.

I highly recommend it.

3 of 3 people found the following review helpful:

5.0 out of 5 stars Excellent.........I'm applying some of the things I read!!!, September 12, 2008

By 

Edward M. Rouse "Independent Shaklee Distributor" (Beautiful Hawaii) - See all my reviews
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This review is from: 80 Proven Ways to Become a Millionaire, All you need is two or three! (Hardcover)

This is a great book. I'm a very busy woman, mom, shop owner, home-business, etc. I read it and immediatelly started applying things I learned. I doesn't make me an instant millionaire, but it's given me techniques & things to do to actually make my money work better for me. A great gift to new parents, newlyweds, kids off to college....anyone!

Ed's wife, Marie-anne in Beautiful Hawaii