Amazon.com Review
Who wants to be a millionaire? Virtually everyone, if that traditional mark of wealth actually represents what we truly need for financial freedom. Michael LeBoeuf's
The Millionaire in You outlines a three-pronged plan for amassing and retaining those necessary resources by expressly defining where we want to go and consciously striving to get there. LeBoeuf, a former business professor who retired at 47, has also written several books on working smarter and more creatively. Here he turns some of those principles into suggestions for avoiding the "time/money trap" that often keeps us tied to financially limiting employment, and initiating habits that instead allow us to do what we really want. The foundation is simple ("invest your time actively and your money passively"), as are recommendations to put accumulated savings exclusively into no-fee, lower-risk index funds that match individual asset allocations. The core, however, involves 10 strategic choices for really making those dreams come true. Among them: set goals for career, family, relationships, etc.; improve odds with smart life choices; maximize savings by minimizing expenses; build personal market value; and take advantage of windfalls. LeBoeuf concludes with ways to sustain financial independence and enjoy it more by maintaining physical and mental health and giving back to the community.
--Howard Rothman
Product Description
Wouldn’t it be great to have the financial freedom to do whatever you want? Wouldn’t it be better if you could also have the time to do it?
Most of us would answer a resounding yes to those questions. For many people, the goal of making money is not the accumulation of wealth for wealth’s sake; instead, the goal is to have enough money to do the things we’re passionate about. But very few people have a lot of money and the time to enjoy it.
Michael LeBoeuf knows how to obtain both—and he wants to teach you. LeBoeuf shows that there are only four things people need to know about money: how to make it, how to save it, how to invest it, and how to enjoy it. But most people never figure out how to do all four, although almost anyone can. The key to doing so lies in applying a simple principle called LeBoeuf’s Law: Invest your time actively and your money passively. Based on LeBoeuf’s Law,
The Millionaire in You offers ten strategic choices designed to maximize your time and money:
* Live the life you want instead of the life others expect.
* Stack the odds in your favor instead of against you.
* Be a supersaver instead of a big spender.
* Increase the market value of your time instead of working long hours.
* Do less better instead of trying to do it all.
* Capitalize on the unexpected instead of being derailed by it.
* Own the market instead of trying to beat the market.
* Limit your losses instead of letting bad luck ruin you.
* Listen to those who know instead of those who sell.
* Do it now instead of regretting it later.
LeBoeuf is living proof that this strategy can work. He is a former business professor who retired in 1989 at the age of forty-seven and is living off of his accumulated wealth. He didn’t inherit a dime, and he
didn’t get serious about achieving financial freedom until he was thirty-five. This book is intended to help you do what he’s done before you’re too old to enjoy the money you’ve earned or invested.