Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
Other Sellers on Amazon
+ $3.99 shipping
+ $3.99 shipping
+ $3.99 shipping
The Five Lessons a Millionaire Taught Me About Life and Wealth Hardcover – January 10, 2006
|New from||Used from|
"Children of Blood and Bone"
Tomi Adeyemi conjures a stunning world of dark magic and danger in her West African-inspired fantasy debut. Learn more
Frequently bought together
Customers who bought this item also bought
Customers who viewed this item also viewed
From Publishers Weekly
Originally self-published, as was his bestselling fable, The Christmas Box, Evans's pithy little financial guide lays out the five principles common to many self-made fortunes. While seemingly simple—decide to be wealthy; take responsibility for your money; keep a portion of everything you earn; win in the margins; and give back—the lessons require discipline and commitment from their practitioners. They also require curtailing spending and eliminating debt. Evans shares his lessons through poignant personal stories, a few well-placed statistics and philosophical observations such as: "freely giving of our wealth is also the only way to fully protect ourselves from our wealth." The slim book even manages to squeeze in lists of sidelines for boosting income, family budget saving tips, two financial planning forms and dozens of inspirational quotations. Thankfully, Evans forgoes the cloying, self-aggrandizing prose common to how-to-be-rich-like-me books and refrains from padding the volume with ads for tie-in ventures. Instead his friendly advice brings the secrets of wealth accumulation to common readers. (Jan.)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
In 1993, best-selling novelist Evans wrote The Christmas Box, a popular, self-published inspirational book. His new book was also self-published, but it has been picked up by a big publisher and is now being given wider exposure. By his words here, he would like readers to learn what he learned from a millionaire whom he met as a teenager; this man taught Evans, even at that tender age, how to manage a dollar or two, with the intended goal of financial independence. Evans is concerned that people accrue big bucks responsibly--that is, mindful of self-improvement and social good. To that end, he shares what the millionaire he knew years ago taught him. The first thing required is realizing that superior intelligence is not a prerequisite for being a millionaire; nor is wealth, generally speaking, the result of the luck of inheritance. The real requirement, Evans posits, is putting into practice five principles of wealth accumulation, which Evans explains and illustrates in cogent, lively terms: "Decide to Be Wealthy," "Take Responsibility for Your Money," "Keep a Portion of Everything You Earn," "Win in the Margins," and "Give Back." Librarians should be aware that the book contains several pages of blank forms for readers to fill out to keep track of their personal financial situations. Brad Hooper
Copyright © American Library Association. All rights reserved
Author interviews, book reviews, editors picks, and more. Read it now
Top customer reviews
There was a problem filtering reviews right now. Please try again later.
"Well, it's no trick to make a lot of money... if what you want to do is make a lot of money."
So I think we are all clear that making money is an easy thing. Barring ill health, or other encroachments of "outrageous fortune," the key is discipline. And discipline is key to discipleship--be it religious, academic, or financial.
So what are the rules of the order? Evans sees five:
1. LESSON ONE - Decide to Be Wealthy
2. LESSON TWO - Take Responsibility for Your Money
3. LESSON THREE - Keep a Portion of Everything You Earn
4. LESSON FOUR - Win in the Margins
(a) Millionaire Mindset #1: The millionaire mentality carefully considers each expenditure. Ask, "Can you do better?"
i. Is it really necessary, or is it possible to get the same personal effect without using money or using less of it?
ii. Is this expenditure contributing t my wealth or taking from it?
iii. Is this an impulse purchase or a planned purchase?
(b) Millionaire Mindset #2: The millionaire mentality believes that freedom and power are better than momentary pleasure.
(c) Millionaire Mindset #3: The millionaire mentality does not equate spending with happiness.
(d) Millionaire Mindset #4: The millionaire mentality protects the nest egg.
5. LESSON FIVE - Give Back
Lesson 5, give back, obliterates many of this book's criticisms. The sarcasms about RPE seeing money being the end-all of life is just that -a mindless sarcasm. After all, RPE does have The Christmas Box charity. So stingy he is not.
And, duh George, this book is about finances, so of course it will focus on money. This is like criticizing your geometry text-book for focusing on Euclid and Pythagoras, but not Betty Crocker or James Madison.
RPE case, therefore, is for sound and sane stewardship. We all have money, to one degree or another. But how well are we managing this gift and stewardship? Are we doing the best we can? And how can we do better? That is what this book is about.
I think "5 Lessons" has several strengths. One, RPE is obviously rich, so he knows what he is talking about. You ever get good money advice from a poor person? Ahem!
Two, the book is readable. That comes from his other job.
Three, he is able to distill things to five points. Now he cheats on Lesson Four, talking about the four mindsets. This makes 9 habits of highly prosperous people. But you notice that the four mindsets are rephrases of the same concept--be thrifty.
(For further information on marginal thinking, I recommend Common Sense Economics: What Everyone Should Know About Wealth and Prosperity, p. 10ff.)
Of course the principles seem commonplace, even shopworn. But that is because economic laws are constant, being based on mathematics. Setting aside savings is as sound a principle as 1+1=2.
But the book's greatest strength is Richard Paul Evans himself. He is always looking for a way to make a buck--which means, providing a good or a service that makes someone happy. In college, he got a secondhand cooler, and sold pop to fellow construction workers. They were happy to pay him.
And that is the crucial millionaire mindset: what can you do that will make people happy?
Here are other financial books I use and review yearly:
1. Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics.
2. The Richest Man in Babylon.
3. The Dave Ramsey Suite: Financial Peace Revisited,The Total Money Makeover: A Proven Plan for Financial Fitness,More than Enough: The Ten Keys to Changing Your Financial Destiny
4. The Adam Smith Suite: Theory of Moral Sentiments and Wealth of Nations.
5. The Tomas Sowell Suite:Basic Economics 4th Ed: A Common Sense Guide to the Economy and Applied Economics: Thinking Beyond Stage One
6. Thou Shall Prosper: Ten Commandments for Making Money.
Good book, recommended.
My husband and I have 5 children, 3 of whom are grown, but we have struggled financially since day 1, starting out in college, having 3 premature babies in a row, making bad financial choices.
I feel like with this book I can finally 'get a grip' and start saving for good things in life. I can start saving so we can do more to help others.
I found the book to be very focused on doing good with the 'wealth' you accumulate. It was not a self-centered, let's get rich quick plan, but one that will help you get your life in balance so you can do good in this world in more ways, in the ways that require finances.
I have read it once and plan to re-read it- marking key passages and taking more notes in the margins. The print out forms are invaluable!