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I will give this one 2.5 stars.
I wasn't overly impressed with the book, simply because the information was so basic it almost seemed silly: first thing to do to become a millionaire is to own your own business, and the second thing to do is to save and invest like crazy.
However, I really think it made judgments on how people should spend their money. We all enjoy different things in life. While I would certainly never spend over $100 on a watch or shoes, and I have no interest in expensive cars (all things he discourages), I do enjoy fashion and having nice clothes, and I love to take trips (both of which are also discouraged). A lot of the information analyzed for the book was IRS 'death/estate information' and these people had huge amounts of money when they died...3-6 million even.
But I certainly hope that I do not die with that much money...I want to travel and see the world - hence spending my money. I will pay for many things for my children and ensure their education, but I do not need to guarantee them an inheritance. When they get old enough, I think they would like to come traveling with us.
We all get to spend our money where we would like to. Would I have a lot more if I didn't travel and enjoy clothes? Absolutely...but what importance is it to me to get rid of those things just so I die with millions...zero importance!
I wasn't overly impressed with the book, simply because the information was so basic it almost seemed silly: first thing to do to become a millionaire is to own your own business, and the second thing to do is to save and invest like crazy.
However, I really think it made judgments on how people should spend their money. We all enjoy different things in life. While I would certainly never spend over $100 on a watch or shoes, and I have no interest in expensive cars (all things he discourages), I do enjoy fashion and having nice clothes, and I love to take trips (both of which are also discouraged). A lot of the information analyzed for the book was IRS 'death/estate information' and these people had huge amounts of money when they died...3-6 million even.
But I certainly hope that I do not die with that much money...I want to travel and see the world - hence spending my money. I will pay for many things for my children and ensure their education, but I do not need to guarantee them an inheritance. When they get old enough, I think they would like to come traveling with us.
We all get to spend our money where we would like to. Would I have a lot more if I didn't travel and enjoy clothes? Absolutely...but what importance is it to me to get rid of those things just so I die with millions...zero importance!