The Secrets of Wealth follows the story of David Allen, a recent college graduate who is trying to figure out how to manage his finances and invest for the future. A little zealous at times, he’s fortunate to have found Mark Mathers, a savvy real estate investor and business owner who has offered to show David the ropes. They meet every Saturday morning at the local library to cover off on one of ten Secrets of Wealth.
The Secrets as you’ll learn are not groundbreaking, revolutionary ideas or strategies. They’re simply the stuff that works when it comes to saving, budgeting, investing, and becoming Financially Free. You’ve probably read about a few of them in the past and you may have already put some of them to work for you, but you just don’t know it yet.
The idea behind the book is to create a set of easy to follow and easy to remember strategies and techniques for people to use in order to get control over their financial and personal lives. The book is unique for a personal finance book in that one of the Secrets actually talks about the importance of Investing in Yourself. In short, the author has done a lot of research into what the truly rich did when they were starting out and put it all into this book.
What Sets The Secrets of Wealth Apart
As you read through this synopsis and the book, you’re not going to encounter too many revolutionary ideas. Many of the "Secrets" have been written about before in other books. What differentiates this book is the:
The Conversational Manner in which the subjects are discussed. Fables and stories have been one of the best ways to engage readers and get them interested in learning more. But this type of treatment is unusual for books on finance and investing.
Just 10 Things to Remember:
By sectioning the material into ten Secrets, readers can easily identify with the strategies and tactics that they should use. For instance one of the chapters in The Millionaire Next Door talks about being frugal, but readers don’t come away with that concept as well as they could had the authors labeled the chapter: LIVE BELOW YOUR MEANS. If you take a look at the table of contents and read through the Secrets enough, you can easily recall the chapters and what you should (and shouldn’t) be doing to build wealth.
Universal Methods of Achieving Wealth:
Whether you’re just starting out or have your wealth-building machine in place, this book can help you. Most books on "getting rich" just focus on only what has worked for one person or a small group of people. This book will tell you how you can get rich investing through the stock market, or managing your finances, or real estate. In short, every reader, whether they have $10 a month or $1,000 a month to invest, will be able to use the principles and techniques discussed in this book.
Action Plans You Can Use:
There are Action Plans that appear at the end of each chapter that help guide the beginning wealthbuilder. Most books leave readers wanting to take action, but unsure of where to begin. Sure everyone wants to know the difference between the rich and the poor or how some author made millions, but what do I specifically have to do in order to get to the next level in life? This book will help in this respect by providing readers with specific items and action points that they can take today, not tomorrow.
