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The Chinese Way to Wealth and Prosperity: 8 Timeless Strategies for Achieving Financial Success Hardcover – July 11, 2012


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Product Details

  • Hardcover: 224 pages
  • Publisher: McGraw-Hill; 1 edition (July 11, 2012)
  • Language: English
  • ISBN-10: 0071788727
  • ISBN-13: 978-0071788724
  • Product Dimensions: 5.3 x 1 x 7.4 inches
  • Shipping Weight: 11.2 ounces (View shipping rates and policies)
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (34 customer reviews)
  • Amazon Best Sellers Rank: #247,896 in Books (See Top 100 in Books)

Editorial Reviews

About the Author

Michael Justin Lee was born in Hong Kong and grew up in New York City's Chinatown. A veteran Chartered Financial Analyst, he served as the nation's first Financial Markets Expert-in-Residence in the U.S. Department of Labor. He was previously Practitioner Instructor of Finance in Johns Hopkins University's MBA program, as well as Professorial Lecturer of International Business in Georgetown University’s MS in Foreign Service program. Lee currently serves on the faculties of finance at the University of Maryland and George Mason University.

Customer Reviews

4.5 out of 5 stars
5 star
85%
4 star
0%
3 star
3%
2 star
0%
1 star
12%
See all 34 customer reviews
I really enjoyed reading this book, very well put together and a lot of great points.
IntoFashion
I really enjoyed how he was able to point distinct messages and themes throughout the book that kept the story connected yet interesting.
Kelli-Anne S.
Great insight beyond the Western mindset toward financial success and methods to achieving it.
Lisa R.

Most Helpful Customer Reviews

7 of 8 people found the following review helpful By Joe G on July 2, 2012
Format: Kindle Edition Verified Purchase
Being primarily a business person, I've always been fascinated with China, its people and how they do business. This book provided many interesting and unique insights on how the Chinese people think, what they value and how they view wealth and happiness. I now realize and appreciate how different their views and values are from the west-- refreshingly old world traditional, less superficial. I also particularly enjoyed the author's anecdotes from his family, business and academic life. It kept me engaged from beginning to end.
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5 of 6 people found the following review helpful By Eric C. Sedensky TOP 1000 REVIEWERVINE VOICE on September 9, 2012
Format: Hardcover
This is an interesting and helpful book, but there are a few inconsistencies and (I'll call them) contrivances that detract from it to make it only an average book on the "utility in investing" scale. First the contrivances: calling something by its Chinese term doesn't make it a Chinese philosophy and doesn't prove that Western society absorbed it from the East. Most of this book is common sense: Don't waste your money, invest in an education, buy things with value, etc. These only have to do with "The Chinese Way" in that, people need to do these things to be prosperous, whether they are Chinese or not. Then there are the inconsistencies. Page 4: "Your diamonds...are in your own back yard..." Page 54: (the title of one whole section, no less) "Invest Beyond Your Backyard".

With stories and anecdotes from Chinese history, both in the world at large and the particular Chinese-American experience, this book does provide some insight into Eastern philosophy, but it is a tenuous string to Chinese wealth and prosperity (and that assumes one considers the Chinese wealthy and prosperous, which certainly could be an interesting argument). The fact that this book is short, clearly written, and well-organized makes it a worthwhile read. Like most books on investing, however, the reader will have to wade through and weed out the less useful things to get the most from the book.

NOTE: The publisher provided me with a gratis copy of the book for purposes of this review.
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2 of 2 people found the following review helpful By Jenny C on July 25, 2012
Format: Hardcover
An incredibly unique and interesting book. The book not only sets out a common sense approach to wealth and prosperity, it also gave emotions and liveliness to hard, cold facts. While many people have the skills to be wealthy, they lack the discipline and motivation. An expert in human psychology, Michael took a fundamental approach that changes people's attitude about money and wealth. Truly inspirational. Must read!
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2 of 2 people found the following review helpful By J. Huang on July 29, 2012
Format: Hardcover Verified Purchase
I couldn't put this book down. This is a book not only on personal finances, but on life. Professor Lee is an incredibly gifted Professor in the way he articulates ideas into easy-to-understand language. I've had him as a Professor for my investments class at school, you never want to stop listening to this guy and the priceless insight he has. Reading this book put me back in his classroom and brought me the same inspiration the he instills in his students each lecture. If you have any regret after purchasing this book, contact me and I'll buy the book off of you just so I can give it to someone else, it's that good. Professor Lee, keep inspiring your students with your wisdom and charisma, you're changing lives by the second.
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2 of 2 people found the following review helpful By ACFCG on July 22, 2012
Format: Hardcover
The anecdotes combined with the strategies made the principles easy to understand and de-mystified the way the Chinese people achieve success in life. Very informative, highly entertaining. Strongly recommended!
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2 of 2 people found the following review helpful By RF on July 23, 2012
Format: Hardcover
After reading this book, I have better insight about personal finances. You will learn alot by reading it and it will help you throughout financial challenges. Very well-researched and useful. Must read!
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1 of 1 people found the following review helpful By Ruth on July 14, 2012
Format: Hardcover
Chapter Five "Playing Financial Defense" is worth the cost of this gem of a book. Every college student or person about to embark upon the world of work should be mindful of the advice in this chapter! The other timeless strategies are insightful and inspiring as well. What makes this book such a treasure is the cultural and historical references that Mr. Lee imparts to his reader. What a surprise to learn the true meaning of Kung Fu as well as become introduced to the Chinese concept of the development of personal relationships. Moreover, it's not a book just for the young starting out but for those of us who want to improve our financial health but need guidance and reminders about what works.
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1 of 1 people found the following review helpful By former student on July 21, 2012
Format: Hardcover
Michael Lee was one of my professors and I can attest to his strong financial knowledge. A lot of professors stay in academia their whole lives and thus do not necessarily have certain experiences on topics in today's current market. Professor Lee on the other hand has both the educational background, as well as practical hands one experience.

This book was a great reflection that helped me understand culture from an Eastern perspective, as well as gave me great tips on how to safely grow my income.

I cannot express how wonderful this book is and I urge all to read.
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More About the Author

Michael Justin Lee is the author of "Fighting for Freedom and General Washington" and the editor of the historical anthologies "Heroes of American Freedom" and "Heroes of American Prosperity." He is a graduate of Brown University and NYU and has taught on the faculties of Georgetown, Johns Hopkins, American, George Mason, and Loyola Maryland. Professor Lee is a past member of the University Senate at the University of Maryland and multiple time recipient of the school of business' highest teaching honors.

Professor Lee is a member of the Authors Guild, the National Press Club, and the Dramatists Guild of America. His stage play, "Grandmothers," was produced Off-Broadway in 2013, the same year that he was honored at the American Society of Journalists and Authors' Outstanding Book Awards for his personal finance book, "The Chinese Way to Wealth and Prosperity: 8 Timeless Strategies for Achieving Financial Success" (McGraw-Hill, 2012).

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The Chinese Way to Wealth and Prosperity: 8 Timeless Strategies for Achieving Financial Success
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