28 of 43 people found the following review helpful
This review is from: Automatic Wealth: The Six Steps to Financial Independence (Hardcover)
I learned one thing from this book. That is that I have wasted the last 25 years of my life in a technical career. Why? Because it is not and never was a financially valued position. It was not a marketing or sales position. Now he tells me?!
The other thing I learned was that if you did not start to save large amounts of money in your twenties or invested heavily in real estate you've got problems ahead. For a copywriter and businessman. Michael is very focused on buying, fixing, and selling property. I expected more. I expected more and better "how tos". Sure, I could invest in and take Michael copywriter home study course. I could then become a famous, rich, much in demand copywriter doing freelance work for his company (I guess that is now beneath him) or some other publsihing company. Not my cup of tea, as it were. Lots of fantasy but not much reality. The book is very well written.
If you want to learn how to get rich in real estate there are better books. I just hope you have enough wealth already so you can afford the down-payment.
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Showing 1-2 of 2 posts in this discussion
Initial post: Oct 5, 2008 5:26:47 PM PDT
Jason E. Smith says:
Whatever you think of this book, Michael is actually right about the point which you dispute: People who do the selling, marketing, and delivering of products generally are more valuable than the technical and administrative people in the background. Without those sales, the whole operation comes crashing down... He never said you "wasted" your career, what he said is there is a ceiling on the compensation which you can expect to earn. That couldn't be more true.
Posted on Oct 27, 2008 12:45:38 PM PDT
If you've been in a "technical career" for 25 years and are not yet wealthy, you're working on the wrong technology.
You should have substantial savings with which to apply some of the ideas put forward in the book.
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