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How to make a million in 10 years: and how we did it in 13 Paperback – January 12, 2015
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And boy, was it a hard road. The beauty of this book is that it does not try to gloss over it. Everything is on display, sometimes maybe even unintentionally - after all, the author's main goal was to teach you how to make money, not to show what it really takes. Somehow it reminded me of Indy movies like the one mentioned in the title. They are not always pretty to look at - they are realistically scary. And this book goes step further - it is real, and it is about the fears of our lives.
Depression and perseverance, delusions and personal sacrifices... Making a million bucks is still not that easy in America! And once you made it, another question arises - was that a solution to your issues? Time will tell.
It would be awesome to read the family's point of view on the same story some day. I bet it would make a hilarious read to compare their version to this one.
This book details and illustrate how a sound mix of investment, and saving can lead to financial security. It is particularly interesting because it is concrete and talks about real life experience, with setbacks, surprises, diversions and how you can still gets where you want to go.
Its a personal story of lessons learned along the way. It is a glimpse into the ups and downs on the journey that should be an encouragement to us all...small steps taken consistently over time win the day. This is not about getting rich quickly, trying to beat the market, or even a call for extreme lifestyle sacrifices all in the name of getting rich. This is a set of practical insights to help you along your own journey - whatever goal and timeframe you set. Mr. van Lier shares what worked, things that didn't and admits to the occasional role of luck and circumstances. Their 10-year plan ended up taking 13 year with a variety of twists and turns along the way. But they stuck with the plan and reached their goal...and you can too!
If you've dreamed of achieving a certain level of financial comfort, you'll find this book to be a welcome voice of encouragement.
It is an excellent read. I recommend this book.
THE BAD: The only thing that this book could have benefited from is a professional editor. I noticed a few text/grammar errors.
Sure, many large companies are frequently in the news discussing exorbitant and extravagant salaries and/or bonuses for C-level executives, and how people with a salary of just one dollar end-up earning millions annually in bonuses. But few books describe how having a regular salary can be the base for accruing a million dollar fortune.
This book describes in detail the author’s personal journey. How he and his spouse were able to accrue a nice round number in savings, had clearly defined goals, how they devised a plan to achieve those goals, yet retained the flexibility to adjust to changing markets. And, of course, luck comes into play as well - being there at the right moment.
But the book also sheds light on the missteps and potential downfalls along the road. Will he be able to sustain his freedom for work after retiring in his early forties? No one can predict. But the journey to achieve the round number is well documented and is an interesting case study in how long term goals can be achieved.
His conclusions are wise: buy index funds, stick to the plan, think long term, do not waste money buying useless things.
Very inspiring and encouraging. I recommend this book.
Maarten van Lier, thank you for writting it.