How to Become a Millionaire : A Straightforward Approach to Accumulating Personal Wealth

How to Become a Millionaire : A Straightforward Approach to Accumulating Personal Wealth
by Mark Lee Alch

How to Become a Millionaire : A Straightforward Approach to Accumulating Personal Wealth
List Price: $20.00
Category: Book
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Book Summary Information

Author: Mark Lee Alch
Edition: Hardcover
Audio: English (Original Language); English (Unknown); English (Published)
Published: 1999-10
ISBN: 1563526069
Number of pages: 236
Publisher: Longstreet Press

Book Reviews of How to Become a Millionaire : A Straightforward Approach to Accumulating Personal Wealth

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Summary: 5 Stars

This book contains rock solid fundamentals on becoming a millionaire- even with an average income. In fact, if you apply the authors advice in four areas (401(K), house, automobile & IRA) it's very possible to become a multimillionaire- depending on your time horizon. Compare the caliber of this book to Schwab's Guide to Financial Independence, Stanley & Danko's Millionaire Next Door and O'Shaughnessey's How to Retire Rich.

Summary of How to Become a Millionaire : A Straightforward Approach to Accumulating Personal Wealth

Can you be a millionaire? Yes, you can. Do you have to win the lottery? Do you have to wait until a rich relative dies and leaves you $1 million in their will? Do you have to find a priceless antique, dusty and forgotten in the attic? Do you have to be able to throw a hundred-mile-per-hour fastball? Do you have to become an entrepreneur and take an Internet company public?

No, you don't have to do any of those things to become a millionaire. Most millionaires don't. Most millionaires are people not unlike you. Your job doesn't even have to pay you a lot of money. If you have a job, all you have to do is keep it. If you want to become a millionaire, you must remember this: it isn't how much money you make, it's how much money you keep. The major research for How to Become a Millionaire comes from Mark Alch's fifteen years' of experience in financial planning and career assistance, for both high-income, senior-level executives and middle-income, mid-level managers at a premier worldwide management-consulting firm. This book explores the developmental steps the average millionaire takes to achieve $1 million net worth, as well as the characteristics they all share. Topics covered include: the expectations millionaires have; how wealth can be built by easy-to-follow steps; how being frugal is still a virtue for the wealthy; how the high net worth ($1 million in net worth) operate as consumers; how to select financial advisors; how the wealthy spend their free time; how they become leaders and serve their communities; how they handle inheritance; and when and how they retire.

By the time you finish How to Become a Millionaire, you will know that becoming a millionaire isn't very complicated. It also isn't easy. It takes discipline and self-control and it may take your entire working life. But you don't have to be a genius. You just have to know that you want to be a millionaire and be willing to pay the price.

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