In Seven Years to Seven Figures, self-made millionaire and renowned wealth coach Michael Masterson reveals the steps you can take to accumulate seven-figure wealth within seven yearsor less. Seven Years to Seven Figures will give you the tools to increase your income, get the highest possible returns on investments, save wiselyand secure your financial future faster than you may have ever dreamed.
My goal was to become millionaire by the age of 30. I’m now 31 but I’m not a millionaire, yet.
Though reading the book, I can see where I went wrong. Even though I was making a high income, I didn’t know how to invest it. I kind of spent all of the money I made.
But now after reading this book, I know better.
So I’m setting a new goal for my self. I’m going to be a millionaire before I’m 38 years old. And this time I’ll make it happen, God willing! :-)
I am not sure who / how this got recommended to me, I have to say this fell well short of anything I would recommend myself. This book was not particularly well written, with a lot of redundant passages, and the content I found is dated, not particularly inspiring and not very helpful.
The author got his writing assistant to interview some of his buddies to figure out how they got rich and what they've come up with is 8 "profiles" for us to learn from. I had to pinch myself when I read one of the inspirational characters was Bruce Buffer. Oh really, Bruce Buffer? Yes, that guy who has apparently been an official announcer for the World Series of Beer Pong.
Some of the chapters made me cringe: there is a description of what amount of money can afford which lifestyle. If you were rich you could spend your money on a new Mercedes, a mansion, a golf membership, multiple vacations in the most faraway places in First Class and 100 fine dinners a year in fancy restaurants. What age is this seriously?
Of course I'm not the target audience, and the book feels dated because it is dated: it was written in the mid-2000s with apparently the baby boomer demographic in mind. So if you were in your 50s around 2005 and were interested in how people got rich using copywriting / newsletters then that book was for you. There are a couple of good points but they are few and far between.
To conclude, one of the core messages of the book is that laziness is what prevents us from being successful, however the way this book was approached and written does feel very lazy to me: let's get someone else to talk to my friends, let's piece the interviews together Frankenstein-style and hope this actually validates the marketing title, don't forget to plug in a couple of my products / newsletters and voilà! Not the most inspiring...
Remember 10 to 20 years ago - when you were having trouble sleeping and you turned on the TV and saw an infomercial featuring a dark haired, tanned guy, in perfect golden hour lighting, with tropical palm trees framed on either side of him with the ocean surf cresting gently on the white sandy beach behind him? Then he opens his mouth and tells you that all of this was possible because of "One Tiny Classified Ad" in a newspaper? Remember that Guy? This book is just like that guy, only without the benefits of beautiful scenery. (I'm not kidding)
This book should be called - how to make money being a copywriter / newsletter / classified ad publisher. The author has featured several 'case studies' and with the exception of a few - all were in the newsletter publishing business. I don't blame the author as this was where he made his money, and so he has interviewed some of his more successful friends - which were also in this business.
There were a couple nuggets in this book, but over all this book has limited utility in today's world.
Going through the 8 examples in this book makes me feel like it is possible to build a 7 figure networth in 7 years. It will take a lot of hard work, and it's not exactly the same as having 7 figures cash in the bank, but now I have a good road map of what other people have done to build their networth that I can follow along with and take advice from. I'm a long way from where I'm personally trying to go, but 7 years to 7 figures gives a very valuable roadmap.
An interesting book on how 8 people (9 if you include the author) made vast amounts of money in a relatively short time. It was informative but it was very focused on a narrow source of income. I was hoping for so much more!
This book gets a mixed review from me. Cons: dated, disorganized, and narrow in details. Pros: gives a nice roadmap that, aside from the above issues, can still provide some guidance for a person elsewhere.
The basic concept is pretty straight forward: to get rich quickly, 1) pick a growing company inside a growing industry, 2) work really hard, becoming a high-value employee while learning the business inside and out, 3) as not only a valuable employee but now an expert on the key fundamentals for the company, present new opportunities to management on the terms that you'll be cut in as a partner (sharing risk, and upside).
It's a useful roadmap, and I'm sure anyone who takes it seriously will find their upward trajectory accelerating. Nonetheless, the details fall a bit heavy on the era-long-past newsletter business, the debatably-scammy and definitely crowded "information" industry (Masterson in Ready, Fire, Aim writes more on the physical product side of entrepreneurship — that is a superior book to this), and as a collection of stories — but worse, as an audiobook, a recording of various presentations — this book was weakly organized, and somewhat shallow on content.
I'd recommend Ready, Fire, Aim before this, and this only if someone was trying to catch a few extra crumbs on the topic. However the overall concept is not only good, but rather unique (aside from his other writings) in the explicit detail on how — in relating to the work at hand and the people around him — the author was able to achieve his successes.
This is the 3rd book of Mark's I've read. To truly absorb the gems being told to you, I suggest listening to this audiobook on regular speed. Mark has made more money in a year than most of us will ever see in a lifetime. These are real world success stories, not academic fluff. Real people, in the trenches, tinkering and testing. Their end goal is side income and wealth building.
From copywriting to joint ventures to business building, the stories of the various people in the book are inspirational and educational. Forget the new age hype players on social media. Mark is an old school real world wealth expert.
This book tells eight unique stories of individuals who became millionaires in seven years or less. I can see how this book would be enlightening and inspirational for somebody still stuck in a dead-end job. I'm at a different place in life, so I already knew a lot of the material covered. Nevertheless, there were some good nuggets of info here and there.
Of all the success stories, I found "Chapter 5: Bruce Buffer" the most interesting and engaging. It's how Bruce, the half-brother of Michael Buffer, built an entire licensing empire around the trademarked term "Let's Get Ready to Rumble!"® That chapter by itself would be worth getting the book.
Pretty good book. Aggressive plan is laid out how to become a millionaire from scratch in 7 years. Heavy leaning towards a copyrighting business, but others are mentioned as well. My takeaway here is that even though I am having success in my primary business of real estate, there is no reason for me not to focus on an internet business on the side.
Glad I got this on audio book because not really worth reading. Appreciate anyone that can write a book, but the author just tells stories about people that negotiated higher pay and made alot of money and then saved and invested alot. Not a lot of information on how or what to invest in. Just other people's success stories of getting rich but lacking details to do it.
Very practical book not over the top yet not very detailed. Good read and good source of a few ideas. The writer talks from his point, and most of the success stories he identifies are from his background or path to wealth (they all do some kind of publishing or marketing for high salaries at a startup they have equity in and then buy real estate)
I am a fan of Michael Masterson but this book felt kind of flat to me. It was not as good as Automatic Wealth and had few applicable tips that were not in Automatic Wealth. Will still re-read because this guy is smart and I want to pick up every morsel of advice I can learn from him.
This could be half the size. He should fire his editor for letting him ramble and ruminate ceaselessly. Saying the same thing 4 or 5 times. Also, felt like a, not so subtle, plug to his other products
An informative insight into how if one applies themselves and is willing to take some risks, they can be prosperous. I enjoyed the personal stories, which most were inspiring. It helped me see that the path I am on is a good one.
The audiobook did not do this book justice, because it has too many numbers and it was hard to grasp the point. To me, the best part about this book was that it recommended better books to read.
Pretty good stuff, probably 3.5. I really enjoyed Automatic Wealth and this had some of the same principles, but I didn't like some of the long stories as much.
Inte alls bra bok. Finns mycket bättre än denna om att bli rik, denna handla om real estate flupping och investment. Nej tack, bra dock med tydliga mål
Mr. Masterson, while offering sage advice about how to become a millionaire in seven years of less, obviously uses this book to market his other products. Smart, but too evident.
The information offered in the book and the methods used are very valid and actually refreshing. Most books on similar subjects rehash the same old messages but Mr. Masterson actually offers a much more realistic idea of how to become rich. This is one of the most detailed "how to get rich" offerings that this author has ever read (and I've read a lot of them).
He uses anecdotes of others who have achieved this level of success and gives examples of how each was able to reach that highly sought after wealth level and how reaching it has changed his or her life.
The concept is set in the examples of each person, giving the reader several methods from which to gain insight into how each method can be used to achieve success.
The often quoted saying, "the first million is the hardest and after that, it's easy," though not actually used by the author, is none-the-less the message in the background.
Another much more common theme throughout the book is that of "taking action." This is a very reasonable expectation as no one can ever make a million dollars simply by reading about it. Action by the reader needs to take place in order that the goal can be reached.
The book is a good and interesting read and the author offers realistic ideas about how to gain financial freedom. He would, very obviously, like for the reader to use his products but offers some advice that actually is independent of the need for those products and this gives the book more validity. A book of good, realistic and encouraging advice.
This book wasn't enjoyable to me at all, I rarely give poor reviews out of respect for anyone that takes the time to share the knowledge that they've gained in hopes to educate and inspire others, however I found the extensive details about being an Editor, Copywriter, and Publisher eclipsed the subject matter. I understand that it was apart of the history of the person(s) whom were featured in the book, but I feel that if the author had taken the time to find more diversity among the people interviewed for the book, that I would have found it more relatable and enjoyable.
Insightful book, and inspiring. The premise is that in order to have seven figures in seven years, you need to significantly increase the amount of money you make now. He outlines and showcases several examples and people that have done just that. Granted, he also says that making money has to be priority one, above all else. I think that with any information from any financial guru, you learn from their principles and incorporate in your life what works for you. I recommend it.
This is an OK book. The reader can't help but feel that this is advertising for the AWAI and AGORA newsletter programs. Masterson is a master copy writer so the books sounds a lot like he is trying to upsell the writing or online marketing programs. Many of the examples that he uses come from this world.
Don't expect any groundbreaking insight or exotic investment advice here.
It was a decent book with good info...however I think saying these people became millionaires after 7 years is a bit of a stretch...it doesn't include the many years of experience they had prior to starting their business. If you work in an industry for 20 years then use that experience to start a company that makes you a millionaire after 7 years, it didn't take you 7 years - it took 27...
Everythin’ is possible is this world, right? Can you achieved somethin’ (or everythin’) in seven years? This book will tell you the real stories about that…